Month: April 2021

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from 1 MILLION NFTS and our guest was founder of 1 MILLION NFTs . The AMA took place on 21 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

1MNFT: Thanks, guys! Nice to meet you all crypto people!

D. | Satoshi Club: @OneMillionSir hello! good to have you here😇

1MNFT: Didn’t sleep for about 2 weeks, but it’s ok, it’s crypto 😉

You’re welcome to ask questions, hope to answer as much as I can

ahaha can’t send links))

I’m Alex – founder of 1MillionNFTs and we build a smart-contract based web3 platform on Ethereum blockchain with 1000×1000 pixels grid. Each pixel is an ERC-721 NFT token with its location. Users will have an opportunity to buy, sell, rent and paint them to create any picture with any link inside. But to paint pixels you need another ERC-20 tokens.

But it’s only the beginning, we want to show all the opportunities of NFT

Our DECK gives a bit of understanding https://1mlnnfts.com/deck

there 2 sources of inspiration: OneMillionDollarHomePage.com and Reddit’s «place»

a student from England, decided to earn money for his University education and created a 1000×1000 grid. One million pixels for sale: $1 per each pixel. He raised $999k and the last 1000 pixels were sold on eBay for $38’100, as the hype goes on, so did the price. F*cking genius.. But it was 2005

D. | Satoshi Club: why you decided to use ERC – 721 standard? as i know there is some other NFTs standards on Ethereum

1MNFT: wait, inspiration background is my favourite topic))

In 2017 on April Fool’s Day Reddit launched a social experiment called “Place”. It featured a collaborative pixel art canvas, where a registered user could place a colored pixel every five minutes. It was an epic battle that unfolded across a 1000×1000 grid with 1 million pixels.

Over 1 million users edited the canvas, placing a total of approximately 16 million tiles, and, at the time the experiment was ended, over 90,000 users were actively viewing or editing. The experiment was commended for its representation of the culture of Reddit’s online communities, and of Internet culture as a whole.

– 2005 (1milliondollarhomepage) — a website that was down for at least a week due to DDoS attacks was just a big advertising block in 99% of cases. The pixels were sold just once, so the only person who earned with 1milliondollarhomepage was the creator of 1milliondollarhomepage. Just raising money… Boring!

– 2017 (Reddit’s “Place”) — No money at all, just fun, social experiments.. and new users for Reddit! “Just fun” isn’t a long-term strategy, which is why it was finished in 72 hours. People need better motivation to continue the game.

In 2005 the creators got all the money and gave us old-fashioned banner ads. In 2017 the creators got hype and new users, but users in both cases got far less. Looks like an unfair deal in both cases, right? But we’re looking at these failed experiments from our vantage point in 2021. We live in the world of DeFi and DEXes, IDO sales and 100x profits, maybe the deals seem outdated and just need to be upgraded?

So that’s why we decided to combine pixel grids, money, community, defi, nfts and hype a bit.

D. | Satoshi Club:  i see lots of national flags here, looks like it was a the most popular theme 😄

1MNFT: people unite in face of a outside enemy))

D. | Satoshi Club: i like your approach, this idea could work at current market, seems like you have all ingredients you need for success😄👍

1MNFT: Hope that it was not very boring, I just love this stories about pixel grids and community xosial experiments..

Soon it can be very expensive to paint something 😉 haha so you need to hurry

D. | Satoshi Club: it was cool to know about it. i didn’t know about this experiment

thank you for the intro! if you are ready we are open the first part of AMA? @OneMillionSir 😊

Q1 from Telegram user @Highpee

Your IDO is somewhat unique as you have planned a triple IDO on Poolz, YellowRoad and A2DAO which will run simultaneously on April 24. What are the requirements to join the IDOs and why do you choose YellowRoad (a BSC platform) when $1MLN is a ERC20 token? What is the minimum amount of $POOLZ needed to get whitelisted because most POOLZ sale need a minimum amount of POOLZ to be staked? And lastly, since you plan to raise $100k from Poolz, $75k YellowRoad and $75 from A2DAO, how is the presale amount for $1MLN distributed to these platforms and at what price will each of them sell $1MLN?

1MNFT: «What are the requirements to join the IDOs» – it’s NDA guys cmon 😉 it’s like everything in crypto – networking, connections, etc. And a good project for sure

D. | Satoshi Club: we used to IDO 🤣

1MNFT: We choose YR cause it’s a new platform and they have a very cool and motivated team, they working 24/7.. and it doesn’t mattter that they are BSC for us. Part of the tokens will be distributed in BSC

the price for all three platforms is 5$

so 20k tokens for Poolz, 15k for YR and 15k for A2

I’d rather use all of them..haha

By the way, soon we will start community contetnt contests, so it’s another way to get allocations

That’s it. We want defi degens who want to paint, sure we can’t go without flippers, but our aim to make the feel siorry for flipping before Elon Musk will buy some pixels..

thinking about that at the moment, like 8-10k of allocations

can’t talk about that by now 😉

Yep, you’re welcome!

Q2 from Telegram user @meml97

While looking at your website I read that Users will have an opportunity to buy, sell, rent and paint NFTs. What intrigued me was the renting part, because I looked for more information about it but I couldn’t find anything and it is also the first time I see the possibility of renting NFTs, so can you give us more details? How are users able to rent their pixels without any risk of losing their belonging? Is there a price set for this or each user set the price they want? What can other people do with those rent pixels and under what conditions? Also, what are the benefits of renting pixels?

1MNFT: I’m not a tech guys, so I will not explain you how smart contracts will work, but we are talking about the rent of NFT-pixels, so if some big guy like Elon Musk for example bought some big area for placing DOGE coin logo and then discovered that there is a small area in the middle that belongs to Satoshi Club memebers..

he asks to sell it to him, you say NO ELon, sorry

He begs you

You say may be… I can rent it..

and here you can place any price you want it’s like P2P market

So our task is to be like an escrow. It’s like Opensea but a bit modified 😉

I think one his tweet will be enough for all of us to go to the moon 😉

A project with $1mln initial cap + elon.. oh my god

Right, 1millionNFTs will be like an escrow, it will not be transfered to another user

Q3 from Telegram user @cryptofollower

The idea of Reddit’s Place was all the pixels are open to everyone and people was fighting each other to create figures. But the idea of milliondollarhomepage was buy and allocate pixels for all yourself. Which idea do you think was better? And almost all the links from the milliondollarhomepage is dead and it is useless now. Will you allow people to change the links of their website if it is gone? Because that would allow for 1MlnNFTs.com to stay up to date?

1MNFT: Cool question! Thanks

The idea of milliondollarhomepage was to raise money for his eduction

he did it and that’s all, he was the only receiver of the funds, no secondary market there.place was not about money att all just fun – and it’s also can’t get peoples attention for a long time, it was only 72 hours

thein differences – secondary market where people can cooperate sell, buy, rent.. continue to make money or fun

right both ideas were super cool for their goals

The grid is just the front end, the face, the start of a HUGE project with NFT marketplace, NFT wallet, etc..

The Grid can become like a Board of Directors of 1MillionNFTs DAO where NFT pixels would be like your voting power and they are only 1 million.. but my team will kill me for telling that now 🙂

D. | Satoshi Club: 🤫

1MNFT: Not now, it’s a part of a marketing, so we decided it’s better for us by now to stay under the hood. And the second factor is security, We are raising like 2.2 million cmon

But it’s not a big team, like 5 guys: 3 developers and 2 marketing business development people.

The key point of our team, that we have a huge background of suppoerting numerous projects, we are in crypto since 2014, so it’s not a big problem for us to get  Triple IDO, get listed on a few exchanges and get cool funds and VC, together with Liquidity providers and Market makers..

Sure  we will do that, you saw partnership with Hacken, Hapi..  those guys know more about crypto security..

D. | Satoshi Club: yeah, we know that Hapi and Hacken working together

1MNFT: Yep, I prefer to trust professinal guys, then doing myself the things I can’t do good

Oh, yes, You are able to change the «content» of the pixel for 1MLN token – it’s color and the link

after the change is confirmed 1 token 1MLN is burned and we are going further

Yep

Q4 from Telegram user @Pratze

I read from your medium that 1MillionNFTs have farming feature, also you mention on your tokenomics “Farming 6 years” for 60% of token supply, is that mean after 6 years the token supply will depleted and no more token to farm? How does your farming system work and what is the minimal requirement to do farming in your platform?

1MNFT: farming system is very simple. Every NFT token farms one 1MLN per year. That’s all folks) So you can repaint your logo FOR FREE once a year, or sell your yield)

Just like that

D. | Satoshi Club: except farming, any other options will be available in the future, like traditional token staking for example?

1MNFT: Wait for the official ann of our roadmap.

D. | Satoshi Club:  [ 😉 Sticker ]

1MNFT: Sure

Q5 from Telegram user @h1drX

1MillionNFTs has several partners and collaborations, but your partnership with Orion Protocol caught my attention. Can you tell us a bit about the details of your partnership with Orion Protocol? Has this relationship been with reciprocal benefits? Also, do you have plans to partner with another web3 project?

1MNFT: Sure we plan to partner up with lots of other web3 platforms.. Our cooperation has a few stages like every development process. No it’s about media support and brand awerness by placing thier logo at 1millionNFTs, then we’ll move futher and deeper, keep on watching guys.. it’s not interesting to show all the cards at once

D. | Satoshi Club: c’mon only 55k people here

they will be all keep secrets for sure 😄

1MNFT: 17k online 😂😂

Next question 😅

D. | Satoshi Club: thank you for answers! 😄

Q6 from Telegram user @Andrey_Seleznov

What marketplaces do you plan to collaborate with to sell the NFTs from the grid? Do you plan to create your own marketplace specifically for 1mlnnfts?

1MNFT: We do plan to do a marketplace on our platform, it’s one of our first goals.

It’s blockchain, people can sell NFT on any marketplace like opensea

 And maybe we will make a very linmited portion of NFTs to sell vie opensea auction soon

about in a month from now

JUST

DO IT

😅

D. | Satoshi Club: the most exciting part for the most of our guests 😄

Part 2 — live questions from the Telegram community

Q1 from telegram username @boradam

If it possible to repaint our logo anytime we want to?

1MNFT: like this. Yes if you have enough 1MLN tokens to do that

Q2 from telegram username @alyaakin

You told us you are 5 people who is creating the project so do you know each other before the idea of this project?

1MNFT: Sure, trust built for years

Q3 from telegram username @azrayeni

Can I stake my NFT’s or my $1MLN tokens inside of the project to earn passive income?

1MNFT: If you find a platform to do it outside 1MillionNFT, tell me. I have a few team tokens.. 😂

Q4 from telegram username @vedamatrix

Are you going to buy some pixels and create for yourself too?

1MNFT: we have team tokens, i guess I don’t need to buy my own token.. i hope, but maybe ny team will make me to do that 😂😂

Q5 from telegram username @atillayeni

You have 1 million pixels. Will you create 1 million erc-20 tokens or more?

1MNFT: total supply of erc20 tokens – 10’000’000 1MLN

Q6 from telegram username @smelekin

Hello and welcome Alex @OneMillionSir Are you going to sleep after this AMA?

1MNFT: haha, I will sleep after elon musk’s tweet (NO)

Q7 from telegram username @erven12

DO YOU HAVE PLAN TO BE THE BEST?

1MNFT: yes, just be the best. We already are, thank you for the question. It was cool

Q8 from telegram username @JoanaZ

➡️ Why you only give 6 hours to buy and Paint the NFTs? Also there exists a minimum amount of ” pixels” required to paint a NFT?

1MNFT: example: a VC have allocation like 10k in the strategic area, but they get only 10% unlocked on TGE, so they have 6 hours to decide – paint only 10% of their 10k area and lose their prior right to paint this location in the future, or buy out okens from the market within 6 hours and to paint 100% of their area. Cool when VCs buy tokens from community on the market right?

Q9 from telegram username @mixer40

Why did you choose the ETH network, now there are expensive commissions?

1MNFT: it’s easier for developers to make smart contracts by now, but we plan more blockchains to go

Q10 from telegram username @cindy_crypto

On your website it says every NFT token will farm one 1MLN per year but isn’t this cause the token price of 1MLN to go down?

1MNFT:1 token per year.. will cause the price.. to go… down? You seriously? 😂

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/OneMlnNFT_community/

Twitter: https://twitter.com/1millionnft/

In this Recap was a guest from Astronaut. The AMA took place on April 19th, 2021 and our guest was @talrothschild.

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 Satoshi Club! Today we have a space guest 😁 Astronaut

Dr. NAUT: Hello hello

Andrés M. | Satoshi Club: Welcome to another AMA session, today our guest is @talrothschild

Gold Rocket | Satoshi Club: our guest is @talrothschild!

Andrés M. | Satoshi Club: Hello Dr. how is going your day? nice pic 😁

Gold Rocket | Satoshi Club: welcome to Satoshi Club🚀

Dr. NAUT: Hello hello! doing great hope everyone is well.

Andrés M. | Satoshi Club: Happy to know that, to begin the AMA could you please introduce yourself? we want to know more about you

Dr. NAUT: Sure thing

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

Dr. NAUT: So my name is Dr. NAUT or Toby, I started my career after achieving my MBA in UF Warrington within the banking system. I was a UHNW banker and went from there to investment banking. I then took the consulting route and was a consultant with Deloitte in their digital banking unit. This is where i became involved with crypto and blockchain, i learned a lot from my colleagues at Delloitte who is a leader in the space. Now i am the CMO of Astronaut! getting ready to moon.

Gold Rocket | Satoshi Club: Great experience! What is the essence of your project?

Andrés M. | Satoshi Club: Great background, Deloitte is one of the big four

Dr. NAUT: Our project is an IDO launchpad built on the BSC. We are a hybrid token which I can explain later, with several use cases and utilities. Basically a protocol built for raising capital on the BSC

Gold Rocket | Satoshi Club: Absolutely in the spirit of the times! 👍🚀

Andrés M. | Satoshi Club: Why did you choose BSC to built astronaut? which benefits it brings to you?

Dr. NAUT: BSC is currently experiencing booming growth. Very bullish about the BNB ecosystem. We believe it will pass Ethereum if they dont take quick action to lower transaction fees and speed up transfer time. It gives us large benefits including the ability to make contract interactions very cheap and efficient. We partner with many platforms and are currently on apeswap, cafeswap, beefy, ect. We have 2 more partners announcing this week so we do have pools and farms available for our holders while they await our Phase II buildout

Andrés M. | Satoshi Club: Completely agree! Congratulations👏, so great events are coming for Astronaut, right?

Dr. NAUT: These next two weeks are HUGE for us. Crazy amount of events.

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

Dr. NAUT: We have some awesome team members, and we also like to include our admins as part of our team since they are the front line. People dont realize that the work admins do compares to the devs or even greater, our team consists of me as the CMO,  Shazeb Khan as our Co founder and back end Dev he was an Ex AAVE dev who worked with them during their seed stage in skelia. Andrew Matthew is our project manager and UI guy / design, Absher is our designer and front end. We also have Adam, Austin, Astro, JWK, Bilbo, and Alexandros as our epic admin team they run our social media platforms and are the biggest marketing push a team can ask for. They host contests and are also administrators of discord, reddit, medium, tg, and twitter. So kudos to those guys

Andrés M. | Satoshi Club: Thank you so much for recognize the admin’s job💪😃 Btw, amazing work team

Gold Rocket | Satoshi Club: Thank you very much for the great intro! Ready for community questions?🚀

Dr. NAUT: yeah those guys are machines. thank you. yes lets get it going!

Q1 from Telegram User @yellowchamp

$750,000 in NAUT was burned to celebrate Phase II with remarkable milestones, including a new evolved UI & dApp IDO launchpad. Can you explain why did you burn that such amount of $NAUT tokens? What will be the impact of burning of tokens will bring in your platform and in your community and to investors? Since you burn tokens in Phase 2, do you also have plan to burn in other succeeding phase in the future? Thank you

Dr. NAUT: Great question, the reason we burnt the tokens is because of our roadmap, originally we were supposed to take a much longer time during Phase I but saw the booming growth of the BSC so we sped it up from 3-5 months to 1-2 months. We pretty much took a chunk of the amount of tokens that would of been burnt over those months and burned them in one shot to get us up to date on the roadmap.

The impact of burning tokens bring scarcity and also makes the price go up over time. This will be helpful for us to better stabilize our price. The reason we need price stabilization is because we are a tiered launchpad. If price goes from $1 to $12 within a week it would be very hard for new investors to get tiered into our IDO tiers.

Finally, we plan to do one more large burn to finish it off. That will be our final large manual burn.

Gold Rocket | Satoshi Club: By the way, please share your roadmap

Andrés M. | Satoshi Club: It will become a traditional event for Astronaut? I mean the burning tokens

Dr. NAUT: https://astronaut-1.gitbook.io/astronaut/astronaut-technology/technical-roadmap

Andrés M. | Satoshi Club: Thank you, btw, could you tell us about the main use cases of astronaut token $NAUT?

Dr. NAUT: sure thing, so the main use case is for our IDO platform. Holders of the NAUT token can get whitelisted into different tiers according to their holdings. We will have 5 tiers available. This tiering allows you a guranteed allocation in new projects launching. over time with the burn  and redistribution mechanism holders gain more NAUT tokens and gets them into higher tier levels for a bigger piece of allocations. We also have a small spoiler here.

Gold Rocket | Satoshi Club: We love spoilers😁

Andrés M. | Satoshi Club: Oh an easter egg?👀

Dr. NAUT: No other platform has done this before, but we will have NFT’s that will be very rare and the contract holders of these NFTS will get into the tier of the “NFT” i can show you a quick preview of one and will delete it. They will be very high end NFT’s. So there will only be 50 minted of 5 different types. 10 of each. These will get you into the tier levels if you hold them

Gold Rocket | Satoshi Club: What I saw was beautiful😍

Dr. NAUT: You can sell them later on to people who want to buy and get access to the tiers without having to hold even 1 NAUT token

Andrés M. | Satoshi Club: Amazing, who are your designers?

Gold Rocket | Satoshi Club: It will be very rare NFT🚀

Dr. NAUT: Our designer is a man called Chas. He is a true alpha male.

Andrés M. | Satoshi Club: Congratulations Dr., He is so talented👏 Well, are you ready for the next question?😃

Dr. NAUT: yes always ready

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

Q2 from Telegram User @victorogb

Astronaut’s project growth especially with community and partnerships through the phase I period has been pretty impressive and massive and as such phase II has been set to full throttle. As part of the plans rolled out for the phase II period, Astronaut will be embarking on increased marketing campaigns and promotions to boost conversations and awareness around the Astronaut project. Apart from AMAs and other team marketing functions, what other ways does Astronaut aim to further promote it’s services and how will Astronaut involve it’s vibrant and increasing community, making them a part of this huge promotional drive?

Dr. NAUT: This is a very important question to ask any and every project. The basis of any project is literally its marketing and team. Today creating a fork of a project is not the most complicated task and most projects are forked from other projects. What makes the big difference is the marketing. We focus on every piece of marketing from traditional Twitter,  Medium and TG posts to bringing in brand ambassadors.

We have channels available on Reddit, Discord, LinkedIn, and even Instagram. Our community is known to be a fun and vibrant community that is transparent and doesn’t “moderate it” like police men. We let people have fun, share games, talk about things other than crypto as well. This has been something that has carried us through phase I and we have built a very strong probably one of the strongest communities in the BSC.

We host contests every single day for our members, we have gaming competitions, we do some shilling of course. We will continue to add to our marketing power and partnerships.

-We have two partnerships announced this week.

 – 3 new exchange listings this week including Bitmart, Hotbit and p2pb2b

 – And 7 amas lined up. (pray for me)

Andrés M. | Satoshi Club: Could you share the links to that channels? Please

Dr. NAUT: Sure one moment. https://t.me/astronautbsc

Gold Rocket | Satoshi Club: 🙏 pray for you🚀😉

Dr. NAUT: https://Twitter.com/astronauttoken

https://astronautfinance.medium.com

Thats good for now 🙂

Gold Rocket | Satoshi Club: Satoshi Clubbers join please🚀 Thank you! ready for the next question?

Dr. NAUT: yes yes

Andrés M. | Satoshi Club: How many AMAs today?

Q3 from Telegram User @RosemaryBianco

Within Astronaut users will find a 4% fee, which is a purchase fee to enter the performance pool. But they are based on Binance smart chain, is this fee relatively high for users? How will this 4% be used or distributed in such a way as to influence the constant and positive development of the project?

Dr. NAUT: This 4% fee is not a fee we receive. It is part of our tokenomics and burn structure. When going to purchase NAUT you set your slippage to 5% (this includes the swaps 1% fee) we have a 3% burn and a 1% distribution to the holders. The reason we set this up is for holders who don’t want to partake in IDO’s can also enjoy benefits of the platform just from its growth. This also can allow us to control tiers (if we decide to switch to a staking style) it would control the amount of power whales have by giving them a larger burn since they will be staking more tokens to get into the tiers. Regarding the previous question.

👨🏻‍🚀 This Week for $Naut 👩🏻‍🚀

19th April

– BitMart Marketing begins

– Hotbit Marketing begins

– BSCNews Press Release

20th April

– Satoshi Club AMA

21st April

– Bitmart AMA

– Hotbit AMA

– BitMart Exchange Listing

22nd April

– BSCDaily AMA

23rd April

– BSCNews AMA

– Hotbit Exchange Listing

– P2PB2B Exchange Listing

26th April

-P2PB2B AMA

Date TBC (Sometime in April)

– Partnership 1:

– Medium + Twitter 22nd of April at 7PM UTC

– AMA 23rd of April 1PM UTC

– Pool Launch 23rd of April 3PM UTC

– Partnership 2

🚀 Exciting next few days ahead guys!

Andrés M. | Satoshi Club: Hard schedule😬, praying for you haha

Dr. NAUT: Lol ty.

Gold Rocket | Satoshi Club: Wow! Hot week for astronauts😁🚀🔥

Andrés M. | Satoshi Club: Thank you for the clear answer, could you share your tokenomics? How is the token distribution?

Dr. NAUT: Sure one moment let me get that informaton

Gold Rocket | Satoshi Club: This is a rather original concept and you reasoned everything very clearly. 🚀

Dr. NAUT:

The liquidity is locked and team tokens are locked for 2 years, contracts can be found on our whitepaper

Community fund is used to top off pools, partnerships, and marketing / contests

Gold Rocket | Satoshi Club: Thanks a lot for the clarification👍 Ready for the next question🚀

Dr. NAUT: Good to note we are currently at 8.8M supply because of the burn. yes 🙂

Q4 from Telegram User @cryptofollower

On your website it says Astronaut will provide tiered launch and won’t allow the whales and bots to consume all allocated slots of new projects. What are your plans for doing that? First of all how will you prevent the NAUT token whales from eating the allocation of launchpad projects? Will you require the KYC for launchpad for this matter? Could you please go into details?

Gold Rocket | Satoshi Club: that’s really cool🚀

Dr. NAUT: Great question, when we launch IDO’s you will be placed in one of 5 tiers depending on the amount of holdings you have in your wallet. Whales would obviously get a piece of the highest tier and would hold a substantial amount of NAUT tokens. The way it works is by pool weight. We take a formula which puts your directed guaranteed allocation as a pool weight. The system is a whitelisting and FCFS system that will allow thousands to participate up to a max amount of people.

By you receiving your guaranteed allocation whales are only able to eat up a certain amount of the new IDO’s allocation. They cant overtake your position like they would normally do on other platforms. We have devised this system to make it fair for small and large investors.

The tier amounts have not been released yet as we will have them as the last piece of information we give around 10 days before our first launch. We currently have 15+ applications for IDO’s and are working with one that is closed for mid-may already.

KYC would be required for the projects launching only. It would also give them a requirement for liquidity locks.

Andrés M. | Satoshi Club: Do you have your own wallet?

Dr. NAUT: In what sense?

Andrés M. | Satoshi Club: I mean, there is a NAUT wallet?

Dr. NAUT: oh no there is not, we wont be creating our own wallet. Can be used directly from metamask, trust and the likes

Andrés M. | Satoshi Club: Great, so, you are going to be listed on important exchanges, are you planning staking programs on those exchanges?

Dr. NAUT: So we have multiple CEX listings coming this week. We also have our partnership DEX such as apeswap, cafeswap, and working on getting into PCS currently. We have staking available on our current partner exchanges and on beefy for yield optimization. We will also have NAUT-NAUT staking on our platform once the back end is complete within the next week and a half or so

Andrés M. | Satoshi Club: How much APR?

Dr. NAUT: fluctuates daily but started with some ridiculous number of 200k% it is down now as many have staked into the pools

Gold Rocket | Satoshi Club: Thanks for the answers! ready for the next question?

Dr. NAUT: yes mam

Q5 from Telegram User @ninoska0012

The fundamental flaws of the existing launch pads in current Defi projects is that acquiring enough tokens to participate in the ecosystem is prohibitive, and even if you enter the initial sales pool, you are not guaranteed an allocation location. When it comes to whitelisting or lottery sales, there is a problem with automated bots filling up places in a matter of seconds. Is Astronaut creating a fair and decentralized way to solve these problems? During Astronaut’s MVP (Minimum Viable Product), will $ NAUT have price stabilization? What mechanism will they apply to stabilize prices?

Dr. NAUT: As we have said earlier the price mechanism to stabilize price is built in our current tokenomics of a 4% slippage with a 3% burn and a 1% redistribution. This creates both holders and causes a deflationary case. Investors dont trade in and out of the token as they normally would with other launchpads. By trading in and out they lose a portion of their holdings. This would not benefit them at all, and it allows us to keep a stable price level.

Regarding problems with IFO’s, White-listings and lotteries we have that all under control. You would still have to fill out a “whitelist” form for our IDO’s but this form is for NAUT holders only. If you FCFS into one of our tier levels you are guaranteed an allocation of the new IDO’s. We have also 25x’d from our initial launch and growing daily. So this price stabalization is still in progress.

Andrés M. | Satoshi Club: Btw, have you been audited or are you in process to be? What is the current price? 🤔

Dr. NAUT: hovering around $3 we started at .2 had a huge surge and now building back up

Andrés M. | Satoshi Club: 😱Congratulations, big pump

Dr. NAUT: We will see a surge to $9 in the coming weeks.. i didnt make that ^

Andrés M. | Satoshi Club: Great news for holder, don’t lose this opportunity Satoshiclubbers 🥳

Dr. NAUT: Good to note, any growth we have seen was pre platform. Our platform isnt even released yet so when it does it will be another level

Andrés M. | Satoshi Club: @talrothschild do you want to add something else before the next question? some approximate date?

Dr. NAUT: That is all

Q6 from Telegram User @JuanSB07

On your website and documents you say that Astronaut’s goal is to help raise capital in the BNB ecosystem. And that your “starter” platform will make it easy for people to sign up for various whitelists, right? But how will they consistently get so many white lists? To do this, will they associate with those respective projects? How can users and investors make sure that these white lists are not false or end up being scam?

Dr. NAUT: Great great question, Astronaut has currently partnered up with several partners. We also have made some strategic partners with platforms that will help refer us IDOs and also locker platforms for liquidity locks we have both advisors and ambassadors who help us find projects that are up and coming. The fact of the matter is no project is 100% safe. We can try as hard as we want to make it 100% rug proof but its impossible. Although, we will take every step necessary to make sure its as safe as possible. We will run KYC checks, do liquidity locks, team token locks, and go beyond that by still telling our investors to DYOR. If you feel something is shady or off it should be reported or a project that you do not invest in.

Our goal is to make the BSC ecosystem better and to allow new projects to enter the space, we want to do this and will do this in the most efficient and fair manner.

Till today we have received 15+ IDO inquiries which look promising.

Andrés M. | Satoshi Club: Could you mention some of those IDO projects that have contacted you?

Dr. NAUT: hmm they probably dont want disclosure 😕 but cube-ai is one of them Rewards cane is another.

Gold Rocket | Satoshi Club: And I really like your answer! 😉

Part 2 — live questions from the Telegram community

Q1 from Telegram User @alaskasb

One of the things that I liked the most about Astronaut is its attractive design, it may seem a little insignificant, but the style and design of the website attract users, you really have style. Could you tell us who is in charge of designing your website and advertisements? Also, wouldn’t you think to implement this incredible art in totally unique NFT designs in Astronaut? What do you think about this?

Dr. NAUT: thank you for the kind words, our design is actually led by me as I do the branding. The designers mostly follow the instructions regarding the way it is to be setup. As we have mentioned and spoiled earlier we will be releasing NFTs to be able to tier into IDO’s this is something no other project has done. These NFTs will be ranked according to the IDO tier and priced accordingly as well. Stay tuned for this awesome release.

Q2 from Telegram User @KhaleesiTheCryptoLady

What are the necessary requirements if we want to participate an IDO in your platform?

How do you select applicants?

Dr. NAUT: The requirements to participate in the IDO platform is just holding enough tokens that will allow you to get into the tier. If you for example hold 800 tokens and it is the lowest tier, you would then fill out a short form and it will allow you to get into the “IDO pool” according to your tier level and receive a guranteed allocation. The selection process is a FCFS for whoever fills out the form up to a certain amount of people for example 5000 max.

Q3 from Telegram User @Fossil_kabbya

In Crypto world, projects which are not traded on major exchanges remain unnoticed  by most of the investors. So, what do you think about listing the #Astronaut token on the leading exchange

Dr. NAUT: We are currently on stanby to be listed on Bitmart, Hotbit and p2pb2b later this week. We are also now receiving inquiries from Tier 1 exchanges to list us as they see we are moving forward with multiple Tier1.5 and Tier 2 exchanges.  Wen CG? We will have CG up very very shortly once the API from one of these exchanges gets routed to CG

Q4 from Telegram User @Pratze

I read in your telegram admin said that your project doing contest and giveaway every single night. can you explain more detail about the contest, what kind of contest and what the reward? Do your project also doing airdrop and bounty program?

Dr. NAUT: We do not do any airdrops or bounty programs. Every single night or day there is some type of contest ran on our TG channel, This can be a gaming competition with a game one of the admins post on chat, it can be a retweet or a best question contest, it can be a shill post contest it can be pretty much anything. We try to make our community interaction be at the top level. If you enter our TG youll understand exactly what we mean when we say our community is different than the others

Q5 from Telegram User @cindy_crypto

You said IDO’s will be placed in 5 tiers. What is the minimum required NAUT tokens for getting in tier one?

Dr. NAUT: This is a question asked every single day on our TG we have not released an information regarding the tiers as of yet. The reason we have not done so is we have to see the price stabalize more up until the final week before our first IDO launch.  I can tell you the low tier will be in the 500-1000 token range and the highest tier between 35,000-50,000 range (which has about 15-30 holders at the moment)

Q6 from Telegram User @Smartling

Recently, some projects that launched on BSC rug pulled and left many investors in debt. What assurances are in place to guarantee that Astronaut will not run away with investors funds?

Dr. NAUT: To make sure this does not happen to the IDOs we launch we will require specific obstacles for the projects such as liquidity locks, team token locks, KYC and very thorough due diligence. As we have said earlier protecting investors 100% is almost impossible but we will achieve that 90% level if we have to.

Q7 from Telegram User @BJosefina61

Will your IDOs be based exclusively on projects integrated to BSC or could it be a place for Polkadot, Ethereum, or other projects in the future?

Dr. NAUT: During phase II our projects will be based on BSC projects. We will be creating a bridge for DOT and ERC projects in the future during Phase III. Good question.

Q8 from Telegram User @adaatalay

New projects develop excitedly well at first. Some do not get good results afterwards. How will you manage and develop to solidify your position in the market and become a trusted project in the blockchain industry?

Dr. NAUT: Continous marketing and work is where we stand out. We know some projects especially meme tokens and the likes have huge pumps then dump because of no utility. We are adding utility and work on expansaion daily. We also have a very strong marketing plan and way to position oursevles. Partnering up with advisors and ambassadors strategically will pay off big time

Q9 from Telegram User @cryptonation2

What are your marketing plans for non english speaking users? Is there any ambassador programme? Or what are your plans that excites investors?

Dr. NAUT: We are expanding into other communities and will have TG’s setup for other communities such as the Chinese, Korean, French and Russian. We have brand ambassadors and mods in every one of these communities. We are working on translating our website and our whitepaper / information.  Currently our discord holds all the foreign communities but are working with a very large strategic advisor on getting the korean community in

Q10 from Telegram User @Gutike95

Really what makes the whitelists, groups and auctions of capital raising events implemented by Astronaut so attractive that many projects will want to pre-sell at bsc as you mention? They will be exactly like those made in ETH, only with much less gas costs, right?

Dr. NAUT: Not exactly. The low gas doesnt make or break the deal on the auctions or capital raising. It matters most to be part of BSC because of its explosive growth. Currently BSC is right behind ETH and the margin will only get thinner over time. Astronauts vision and goal is to be the leader in launchpads when it comes to fair launch allocation to its holders

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Astronaut . 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:

Astronaut Website – astronaut.to
Astronaut Telegram – @astronautbsc

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 O3 Labs and our guest was @TimO3WALLET. The AMA took place on 20 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 O3 Labs! Welcome to Satoshi Club😀

D. | Satoshi Club: today our guest – @TimO3WALLET !

welcome to Satoshi club!

Tim | O3: Hi, thanks for having me~

D. | Satoshi Club: thank you for joining us! how are you doing? 😊

Tim | O3: nice to meet you guys here:)

Mary | Satoshi Club: Welcome here 😀

Tim | O3: I’m doing well:)

Mary | Satoshi Club: Let’s start our AMA 😀

Tim | O3: I’m ready 🙂

Mary | Satoshi Club: Tim, could you please introduce yourself and tell us more about O3 Labs😀

Tim | O3: Okay, This is  Tim from O3 Labs. I am responsible to the O3 Swap design with all our outstanding teammate. Before joining the O3 Labs, I completed my master degree in Netherlands and has been a project manager in a consultant company based in Hong Kong.  Glad to e-meet you guys here and share our product with you.

Let me introduce O3 Labs

Mary | Satoshi Club: Sure!

Tim | O3: O3 Labs was established in Tokyo in 2017 and is one of the early crypto wallet development teams in the world. At present, our team members are from nearly every continent. O3 Labs has been focusing on providing professional crypto asset management tools and services. Currently, we have provided wallet services for 100,000+ users in over 40 countries worldwide, with an O3 community of over 20,000 people in Japan, Europe, USA, Russia, Korea and China.

done

Mary | Satoshi Club: Wow, a lot of achievements! Actually, i still don’t have your wallet, but i tried your swap today😀

As i know you’re testing it, with some limits for swap😉

Tim | O3: yap 🙂 we are releasing the testing version for now, https://o3swap.com/

and will release the testing activity detail soon

D. | Satoshi Club: but people already can swap a small amount there?

Mary | Satoshi Club: I like it, hope after testing we will be able to use all it’s features!

Tim | O3: yes, just simply connect with your Metamask

we currently support four chains swap, ETH, BSC, HECO, and NEO

D. | Satoshi Club: [ 👍 Sticker ]

Mary | Satoshi Club: I don’t remember if i saw a swap which supports so many chains at the same time! Hope to see launch soon!

But to be honest I didn’t risk to exchange something using Ethereum network today😂

Thank you, Tim!

Tim | O3:although the full function is not available yet, we already hold some activities, you can see this for airdrop opportunity. https://twitter.com/O3_Labs/status/1381233292599459842?s=20

Mary | Satoshi Club: Prizes will be in your O3 tokens?😀

Tim | O3: we are also going to release more campaigns to get the rewards 😉

yes, O3 token will be launch in May:)

D. | Satoshi Club: uhhh very soon 😇

Mary | Satoshi Club: Wow, it’s near! We will definitely participate in your activities!

We will follow your updates, but please, don’t forget to share with us 😀

It was a great intro, Tim! Do you want to go to the questions from our community 😉 or you want to add something?

Tim | O3: for sure, we will release another activity this week for product testing:)

Mary | Satoshi Club: We are yours😂

Tim | O3: you can follow our Twitter for the latest product news👀https://twitter.com/O3_Labs

D. | Satoshi Club: done ✅

Mary | Satoshi Club: Done! Satoshiclubbers, join🚀

Tim | O3: and join our community 😂https://t.me/O3LabsOfficial

welcome to everyone!

D. | Satoshi Club:  thank you for the great intro! and now we are opening the first part of AMA! 🥳🚀

Q1 from Telegram user @victorogb

O3 Swap, the proprietary cross-chain aggregator of O3 labs is built using a four-layer structure to ensure the integrity and symmetry of the information in the liquid market. Can you carefully outline these four distinct layer structures, how do they effectively combine to give investors a safe and efficient trading environment and how does the system aggregate in real-time the best trading rates and data for investors and users alike?

Tim | O3: okay I will answer this question for two parts

part1: we use 4 layers in our swap structure

Mary | Satoshi Club: As i see you are planning to add Polkadot also😀

Tim | O3: 1. Network Layer: As the basis of the O3 Swap cross-chain protocol, we will aggregate high-quality public chains and ecological chain systems in the market. This includes Ethereum, Binance Smart Chain, Neo, Huobi ECO Chain so far, and creditworthy layer 2  projects, to provide cross-chain trading.

2. Market Liquidity: The aggregation of different liquidity sources through O3 Swap, allows the platform to identify and recommend the best exchange quote for users.

3. Settlement Layer: Based on the private key signature authorization, the transaction settlement is completed through the smart contract. Additionally,  cross-chain protocols and cross-chain pools will help users complete cross-chain asset exchanges and settlements.

4. Application Layer: Provide developers with a complete service API to integrate into different applications, and providing users with a convenient and user-friendly operating platform.

the intro of the 4 layers

Part2: O3 Aggregators are deployed on mainstream blockchains and help users find the most effective trading rates and routes in the corresponding network. The aggregation of different liquidity sources through O3 Swap, allows the platform to identify and recommend the best exchange quote for users.

That is why we can provide the best trading price and route for users:)

done

Mary | Satoshi Club: I used a lot of aggregators and want to tell, that prices differ on each of them😀 hope you will find the best for us!

Also, i want to ask

\Quote includes 0.3% O3Swap fee – is this fee for testing phase or it will stay the same after launch?

D. | Satoshi Club: and each crypto aggregator says that they have the best prices on market 👀😄😉

Mary | Satoshi Club: 😀

Tim | O3: 0.3% trading fee is used to buy back the O3 in open market and redistribute to the O3 staker and dev team to maintain the system:)

Mary | Satoshi Club: Got it!

Thank you for your answers! Ready to proceed?

Tim | O3: ya let’s move on

Q2 from Telegram user @cryptofollower

O3 Labs was established in Tokyo in 2017. From that time it has been 4 years. And when I check you roadmap you have come from a long way but defi is evolving very fast too. O3 native token is not released yet, do you think O3 is a little bit slow to catch that speed? What milestones have you been through till this time and when will you launch the exchange with fully functioning?

Tim | O3: There are three milestones in the development history of O3 Labs. First, the release of the Neo light wallet — O3 wallet in Tokyo in 2017 and supported Ontology lately. Second, the support of fiat currencies (USD, Euro) and credit cards to purchase cryptocurrencies (including BTC, NEO, ETH). Last but not least, as a multi-asset wallet to support mainstream assets, such as Bitcoin, Ethereum, Neo, Ontology, Polkadot, Binance Smart Chain, and Huobi ECO Chain, and integrate dAPI of high-quality DeFi projects such as Flamingo, Uniswap, Compound, 1inch, DODO

for the full function of O3 Swap. At present, our official website is online and supports product testing. Litepaper V1 is also online. More detailed product information can be found in this link https://docs.o3swap. com/.

The Beta version of cross-chain transactions will also be launched at the end of this month. First, it will support cross-chain exchange of assets on Neo, Ethereum, BSC, and Heco. In the next step, the O3 token and economic model will be released, and transaction mining and other community incentives will be initiated. In Q4 this year, we plan to complete the deployment of Layer2 network.

Mary | Satoshi Club: As i see you support fiat😀 do your users need to complete KYC verification to use fiat payments?

D. | Satoshi Club: i see O3 Swap not allows me to add liquidity on your site, at the current moment, when this function will be available, and what will be the benefits for liquidity providers?

Tim | O3: no, we cooperate with Moonpay. so everyone has their account can buy directly within wallet

Mary | Satoshi Club: 👍

Tim | O3: This function will launch at the end of April. LP provider can stake their LP to earn O3 rewards:)

D. | Satoshi Club: nice! i like it 😊

Tim | O3: let’s move on:)

D. | Satoshi Club: let’s do this! thank you for the answers!

Q3 from Telegram user @h1drX          

In February 2020, the iOS client was removed from the App Store due to a trademark dispute with a non-blockchain-related company. We know how troublesome Apple can be, but is this measure permanent? Can’t IOS users download O3 Labs Wallet? Can you tell us exactly what the problem was?

Tim | O3: O3 wallet has undergone rebranding and version upgrades in September of last year. In addition to the redesign of the user interface, the product architecture and experience have been optimized, network speed has been improved, and the wallet multi-languages have been added, including Chinese, Japanese, and Korean. You can download the latest version here https://o3.network/#download

Mary | Satoshi Club: Will you add more languages?

D. | Satoshi Club: 👍

Tim | O3: For the Apple Store issue, because of the law restriction from different regions, some user can not access it from Apple store. but you can also access it through Testflight. In addition, we also support many OS: Wendows, Mac, ios, Android

well it depends on our users:)

I think we will do that in the future

D. | Satoshi Club: i want to ask about security, can user easily extract his/her private key from your wallet and then use it after in any different non-custodial crypto wallet?

Mary | Satoshi Club: So, it should be available for everyone and i like it!

Tim | O3: this is for sure. we are 100% decentralized wallet and didn’t store any user’s data. That’s what I can promise

D. | Satoshi Club: great! thank you, this is very important 👍

and thanks for the answers! ready for the next question?

Tim | O3: yes:0

Q4 from Telegram user @mctrho

Today everyone who works with cryptocurrencies needs at least one digital wallet, but the first options we think of are TrustWallet, Metamask, TronLink, etc. What features does O3 Wallet have that can compete with the most popular wallets today? Why should people use O3 Wallet?

Tim | O3: We have several features:

First of all, O3 Wallet is an open-source decentralized wallet. Users’ assets are always under their control. that’s what I mentioned above.

Mary | Satoshi Club: It’s important for us!😀

Tim | O3: Secondly, O3 Wallet is based on high-quality basic chains to create a simple and exquisite wallet service. We currently support Ether, Btc, Neo, Dot, Neo, Ont, BSC, Heco.

Third, O3 always focuses on the user’s needs. We provide the service to purchase cryptocurrencies by fiat currency and credit card. We also provide swap functions and high-quality DeFi services on Ethereum, BSC, Heco, and Neo, so users can manage their encrypted assets without leaving O3 Wallet. Last but not least, we always protect user privacy, which means users 100% own their data without any login or registration.

done

D. | Satoshi Club: will you aim to support staking function in the wallet for different crypto assets? as it possible on some centralized exchanges

Tim | O3: yes, but for now we are focus on our own staking function:)

D. | Satoshi Club: 😊👍 got it!

Mary | Satoshi Club: Great plans! What assets will be available for staking first?😀

Tim | O3: we will support the O3 staking first in wallet

but user can also explore different asset trough discover page

Mary | Satoshi Club: Excellent!

Thank you!

Do you want to add something or we can go to the next question?😀

Tim | O3: Sorry for interrupt, I have a meeting in  30 mins so maybe we need to move on quickly 😅

yes

Q5 from Telegram user @neverencryp

There is something you called ontology staking on your platform, i will like to know why it is called ontology staking. Is it like the normal staking that we receive APY on and what are the APY you plan to gives of if they are the same.

Mary | Satoshi Club: Sure!

D. | Satoshi Club: let’s speed it up then  🚀🚀🚀

Tim | O3: Ontology is the chain we have support in the wallet. But we have already closed this service since November 2020.  this year, we launch the new product O3 Swap. It is cross-chain aggregation protocol, support trade mining and single token stake to our cross-chain pool and earn the O3 rewards.  you will see the APY when O3 token launch 👀

D. | Satoshi Club: awesome!

Mary | Satoshi Club: Can’t wait to see that APY👍

Q6 from Telegram user @sofiaisla

Many users are routinely hacked. There are currently many scams and thefts in the world of cryptocurrencies. Could you tell us what security solutions O3 Labs has to keep the privacy and assets of its users protected and secured? Does O3 Labs have KYC to prevent money laundering? How is O3 Labs able to offer security?

Tim | O3: Security is our priority. we have 3 features to ensure the asset security

1，100% Non-custodial wallet

 In O3 Wallet, assets are stored on the blockchain. Your assets never leave your control, only you have your private keys. The wallet is just a tool to help you manage the assets on different chains. You don’t need to worry about wallet providers running away, because as long as you keep your private keys, your assets are still on the chain. Therefore, in our experience, most private key loss incidents are caused by the user not keeping it well, rather than attacked by hackers.

Mary | Satoshi Club: 👍

Tim | O3: 2, Never store your personal information

To ensure assets secure, O3 Wallet never saves your personal information on our server. so every user is anonymous. You can create many wallets if you want or import with your private keys, encrypted keys + password, or Mnemonic which only you know. In this way, it is difficult for hackers to get your information or attack you. On the other hand, we can not help you to recover the keys and password if you lose them. So please make sure you always back up your private key/ Mnemonic correctly.

3，Phone security

We allow users to login with Face ID, Touch ID, or wallet password to ensure phone-layer security. We truly believe our professional Dev team which is extremely rigorous and strict working on resisting hackers; Not only that, we implemented the most advanced code security audits for better ensuring the safety of user assets.

Tim | O3: done:)

D. | Satoshi Club: this is high level of security👌

Mary | Satoshi Club: Thank you for your answers, Tim! I see that you really care about security!

And live part is near!

Ready for it?😀

Tim | O3: I will choose 10 of them right

D. | Satoshi Club: yes

Tim | O3: let’s go~

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from telegram username @alextsiling

what make o3 token a good investment!

Tim | O3: I will address three core usage of o3 token what i think it will make it valuable for investors.                                                                                        

1.Member rights:Stake O3 to obtain interest and transaction discounts allocated by the O3 Swap treasury.

2.Community governance: Users can participate in community governance by staking O3 to initiate proposals, participate in voting, etc.

3.LP staking: Users can use O3 to synthesize liquidity equity proof (LP), which can be used for unlocking and mining.

Q2 from telegram username @surendra040

Does O3 wallet supports other chains like Thundercore ,Solana or all chains like Trust wallet supports?

Tim | O3: Q2. good question, we are going to support Solana next.https://twitter.com/O3_Labs/status/1381626661985259521

Q3 from telegram username @topind7

Do you have a newsletter list I can join to stay in touch with O3 Labs and also get latest information and updates?

Tim | O3: Scroll down the page you will see the newsletter subscription https://o3swap.com/

Q4 from telegram username @centoscu

I’m looking for tokens to invest and hold. Even stake them. Could you please explain the benefits of O3 token and why should I hold it for long term?

Tim | O3: Q4. O3 holders will be able to participate in community governance, trading discounts and other member rights by staking O3. According to the amount of staking, the staker can get a certain percentage of the staking reward, which comes from O3 Swap Treasury. All revenue from the O3 Swap platform will be used to buy back O3 on public exchanges and be deposited in O3 Swap Treasury for redistribution. This mechanism will impact in O3 token value

Q5 from telegram username Insomnious

How do you plan to onboard the initial liquidity needed for your pools and what benefits if user want to be liquidator or provide liquidity 03 labs?

Tim | O3: Q5 we are going to rewards the LP provider with O3. Also an extra bonus from trade mining

Q6 from telegram username @tatarrama

A partnership is required for adoption, so can you tell us about your partners and your perspective on partnerships?

Tim | O3: Q6. We are gracious and humbled by the support of these highly reputable and prestigious blockchain ventures:) https://twitter.com/O3_Labs/status/1382674091769962501

Q7 from telegram username @budykarebet

What is the strategy used by Your Project to attract new users and investors and keep them in the long term?

Tim | O3: The O3 token can be acquired in the following three ways:

1. Through early participation in product testing and community contributions.

2. As trade mining rewards for using O3 Swap.

3. By providing liquidity to cross-chain pools.

Please join our community- Telegram, Raddit, Twitter, and subscribe our newsletter on our website (https://o3swap.com/) to get the latest information.

Q8 from telegram username @Eminet001

what reward do I get for providing liquidity, and also the rewards of staking and mining your token.       ?

Tim | O3: Q8. Users will receive O3 as a reward after trading on O3 Swap. According to the amount of O3 purchased each time, O3 will be distributed for trade mining rewards according to the initial default 1:1. The time of rewards settled and distributed depends on the block time period.

Q9 from telegram username @cindy_crypto

How many blockchains does O3Swap support right now and will you add support for other blockchains in the future?

Tim | O3: Q9. For now we support Bitcoin, Ethereum, NEO, Binance Smart Chain and Heco of course in the future we plan to add more blockchains!

Q10 from telegram username @Derazy

A lot of new swap platforms are starting up and race with others. And it’s getting more competitive in the space. Regarding on that competition, what is O3 SWAP plan in order to be the top swap platform?

Tim | O3: Q10. most of the cross-chain technology in the current market belong to two categories, one is a bridge, the other is a hub; bridge mainly realizes asset packaging/transfer to another network, the limitation of Hub lies in all of the assets need to be deposited and converted into the form of the hub network and then allow users to accept the hub network assets. O3 team has worked hard on innovative explorations of cross-chain transactions. It is the first to use the method of the cross-chain pool to connect different liquidity of assets on the chain, allowing users to exchange cross-chain assets without asset deposit and withdrawal, which greatly reduces the threshold for user operations/transactions.

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/O3LabsOfficial/

Websites: https://o3swap.com/

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 CoinWind and our guest was @Musk_CoinWind – the head of the CoinWind. The AMA took place on 19 April.

The total reward pool was 500$ and has been split into 3 parts.

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

Part 1 — introduction and questions from the Website

Luis Merino 🇪🇸 | Satoshi Club:
Hello everyone and welcome to another AMA session with Satoshi Club. (Your favourite AMA moderator is back) 😉🚀

@Musk_CoinWind will represent CoinWind and will be our guest today. Welcome!!

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with CoinWind! Welcome to Satoshi Club😀

Musk @CoinWind:
Hello Satoshi Club!

This is Musk from CoinWind.

Mary | Satoshi Club:
Happy to see you here, Musk😃

Luis Merino 🇪🇸 | Satoshi Club:
Hello Musk 😉

How are you today? 😁

Musk @CoinWind:
Is my pleasure to be here

I am good, thanks for your asking

How about you? Luis @LuisMe7

Luis Merino 🇪🇸 | Satoshi Club:
I’m doing great too! Hyped for this AMA 🙏🏻😄

Mary | Satoshi Club:
Let’s start our AMA 🚀

Musk @CoinWind:
Let’s go!

Mary | Satoshi Club:
Could you please introduce yourself and tell us more about CoinWind?😃

Musk @CoinWind:
Hello everyone, thank you for organizing this AMA event and all participants. This is Musk, the head of the CoinWind community. I am mainly responsible for CoinWind’s ecological business construction and community reach out.

Speaking of CoinWind

CoinWind is a DeFi intelligent mining financial platform that automatically matches the pledged tokens through contracts, and cooperates with the strategy of hedging impermanence to maximize the user’s income, effectively solves single token mining low income problem, and the impermanence of LP mining Risk issues such as large losses.

Mary | Satoshi Club:
Interesting concept 😀 why did you choose this name for your project?

Luis Merino 🇪🇸 | Satoshi Club:
Fascinating 👀

Musk @CoinWind:
Well, we hope tokens can fly to the moon, which come Wind could help, so we name it CoinWind. It also show that we are more like an crypto asset bank, we are providing bank like services

Which i iwll share more in datails later of the AMA.

Mary | Satoshi Club:
Intergalactic wind💪

Sure! And if you’re ready we can start with the questions from our community 😉

Musk @CoinWind:
I am ready and ready for it

Mary | Satoshi Club:
Let’s go 🚀

Q1 from Telegram user @meml97
I saw that CoinWind describes itselft as a HECO and BSC Ecological Mining Platform. What caught my attention is that as we well know, mining is by far one of the worst things that has ever happened to the planet because of how damaging and power consuming it is, so, how does CoindWind make possible this Ecological title? What do you do that makes you ecological?

Luis Merino 🇪🇸 | Satoshi Club:
Haha, love the idea.

Great question 👏

Musk @CoinWind:
Great question!

Mary | Satoshi Club:
We felt that you will come😂 intuition

Musk @CoinWind:
Unlike BTC, ETH, or other minings that require mining machines, CoinWind is only offering “Token Mining” which you stake your token to CoinWind and CoinWind will provide you with rewards. You can consider CoinWind as a bank, you put your money to a band and the bank will give you a certain amount of interest as rewards. CoinWind is similar, but users are putting their crypto assets to CoinWind and CoinWind pays users interest with $MDX tokens as rewards. The rewards are calculated with certain strategies and run by smart contracts.

Based on such a process, they won’t hurt our natural environment.

Here are CoinWind Mining tutorials, please check them out:
HECO:
https://medium.com/coinwind/coinwind-mining-tutorials-heco-version-466afff80c6d?source=collection_home—4——1———————–
BSC:
https://medium.com/coinwind/coinwind-mining-tutorials-bsc-version-dc2da8d60f10

Mary | Satoshi Club:
Which fees will you charge for your services?😃

Musk @CoinWind:
No, is purely like bank, you deposit and can get interested.

Luis Merino 🇪🇸 | Satoshi Club:
Sounds logic. Great idea.

Mary | Satoshi Club:
Awesome 😎

Luis Merino 🇪🇸 | Satoshi Club:
So, can you please share your “tokenomics”?

Musk @CoinWind:
There will be a fee for each transaction fee(withdrawal in this case) for gas fee.

We haven’t issue any tokens, so there is no tokenomics.

Mary | Satoshi Club:
On Heco fees are extremely low, as i know

Musk @CoinWind:
We have known that Coinbase is listed on the stock market recently, that might be one of our goals, we will definitely study it and do more research on it, checking with different countries’ local regulations and policies. For whether to issue a CoinWind platform token, it really depends on the situation. Right now, we have enough potential to grow and will not issue any token shrotly.

But you can pay attention to CoinWind and follow us for the latest update

🌐 Website: https://www.coinwind.com/
🐦Twitter: https://twitter.com/coinwind_com
🔥 Telegram: @CoinWind
🔥 Announcements: @CoinwindNews
📚 Medium: https://medium.com/coinwind

Mary | Satoshi Club:
Sure! We will definitely follow CoinWind updates🎉

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

Musk @CoinWind:
Yeap!

Q2 from Telegram user @neverencryp
You just recently told your users to migrate from the v1 revenue of your project to the new v2 revenue, how will they receive all their token mined in the v1 if this program or is it gone for good. What should we expect in these newly updated v2 that is missing in the v1 of the project.

Musk @CoinWind:
V1 is still available, but the APY is far lower than V2, we suggested all users to join mining on V2. Please do not worry, we will keep the V1.

Luis Merino 🇪🇸 | Satoshi Club:
Thank you for sharing!

Musk @CoinWind:
By the way, if you have used CoinWind before, you can notice that CoinWind UI 2.0 went live. The brand new UI uses a lighter color as the main theme. Check it out.

https://twitter.com/coinwind_com/status/1384118475090653185

Mary | Satoshi Club:
Did the changes only affect colors or did you add additional features?

Musk @CoinWind:
No new feature for this upgrade.

Just added new UI for this upgrade.

Luis Merino 🇪🇸 | Satoshi Club:
Love the visual changes

Mary | Satoshi Club:
Gotcha! But i really like how it looks now👍

You did great job, guys!

Luis Merino 🇪🇸 | Satoshi Club:
But I’m a lover of dark themes, is it available on your website?

Musk @CoinWind:
Haha, you notice.

There isnt a dark theme yet.

Musk @CoinWind:
which we will add that in the future

Luis Merino 🇪🇸 | Satoshi Club:
My eyes did 😂😂
They hurt after some hours

Mary | Satoshi Club:
I love white colors, so everything suits me😂

Luis Merino 🇪🇸 | Satoshi Club:
Amazing!

👎😂

Mary | Satoshi Club:
Thank you for your answers, Musk😃

Ready to go to the next question?😂

Musk @CoinWind:
Yes.

Luis Merino 🇪🇸 | Satoshi Club:
😂😂

Mary | Satoshi Club:
Q3 from Telegram user @dudeiebitch
There is always an impermanence loss that happens in liquidity pools, when you stake a token, it is then reduced because of the increase in price of the token. What are your strategy to this kind of loss because normally a token price should not be stable then why the deduction of the token. How do you plan to approach impermanence loss.

Musk @CoinWind:
CoinWind is a DeFi intelligent mining financial platform that automatically matches the pledged tokens through contracts, and cooperates with the strategy of hedging impermanence to maximize the user’s income, effectively solves single token mining low income problem, and the impermanence of LP mining Risk issues such as large losses.

Mary | Satoshi Club:
Btw, which tokens are available for staking on CoinWind now?😃

Musk @CoinWind:
CoinWind aims to build a DeFi digital asset bank, launching a product that combines high-yield, safety, and reliability, pooling different tokens deposited by users into different pools, and then mobilizing funds from a certain token pool to participate in different liquidity meanings, so as to achieve higher profits for users.

CoinWind products will effectively reduce the impermanence loss in liquidity mining through a combination strategy. At present, CoinWind has launched on Heco and BSC, then will run across multiple main chains such as ETH.

There are 14 single token (HECO version) minings available on: MDX, USDT, HUSD, WTH, ETH, HBTC, HFIL, FEI, TRIBE, AAVE, LINK, HLTC, HBCH, HDOT

Luis Merino 🇪🇸 | Satoshi Club:
Any plans to include any others?

Mary | Satoshi Club:
If i want to add ETH for staking what should i do?😉

Musk @CoinWind:
There are 13 single token (BSC version) minings available on: MDX. HMDX, BUSD, WBNB, USDT, INJ, DOT, EOS, ETH, LITC, FIL, USDC, BTCB

Mary | Satoshi Club:
I mean do i need to wrap it?

Musk @CoinWind:
We have a dedicated financial team that will continue to screen high-quality projects for users and screen good investment targets. After internal evaluation, more mining tokens and more quotas will be released one by one.

Luis Merino 🇪🇸 | Satoshi Club:
🚀✨

Musk @CoinWind:
Yes, you do!

Mary | Satoshi Club:
Got it😃 i am thinking to try, still don’t have experience with Heco

Musk @CoinWind:
Heco almost has the lowest gas fee

Try it out, lol.

Mary | Satoshi Club:
Yes, it’s a big incentive to use it!

Luis Merino 🇪🇸 | Satoshi Club:
I’ve used it only a few times 😅

Mary | Satoshi Club:
Will do soon!

You’re pioneer😃

Thank you for your answers, Musk! Ready to jump to the next question?😃

Luis Merino 🇪🇸 | Satoshi Club:
That’s important these days 😄😄

Musk @CoinWind:
let’s move to the next question

Q4 from Telegram user @testercoin
You started the project without issuing your own tokens probably would named as CoinWind token. Why did you skip the creation of native token? Yes your current grow is amazing right now but what about the governance? How do you keep going without a governance token? As the system grows more in the future, community would want to participate for governance on CoinWind. What do you say about this and in the future do you plan to create your own token?

Mary | Satoshi Club:
People want more tokens😂

Musk @CoinWind:
Haha, this question is similiar to your early question.

Luis Merino 🇪🇸 | Satoshi Club:
And money 😉😂

Mary | Satoshi Club:
Actually, that was Luis’s question)

Musk @CoinWind:
Why did you skip the creation of native token?
We have known that Coinbase is listed on the stock market recently, that might be one of our goals, we will definitely study it and do more research on it, checking with different countries’ local regulations and policies. For whether to issue a CoinWind platform token, it really depends on the situation.

Mary | Satoshi Club:
But can you explain to us about governance of your platform? Do you plan it?

Musk @CoinWind:
How do you keep going without a governance token?
We are just launched on HECO and BSC. We have not launched on any other public chains, so are not hurrying about that.

Luis Merino 🇪🇸 | Satoshi Club:
Yep 😉

Mary | Satoshi Club:
Do you listen to your community? Which role does it play in your project?😃

Musk @CoinWind:
As the system grows more in the future, the community would want to participate for governance on CoinWind. What do you say about this and in the future do you plan to create your own token?

Yeah, right now, CoinWind is more like back which provide saving services, you put you assets to CoinWind and we give you MDX as interest. We are thinking gona to CoinBase path, that is also one of the reasons why do havent issue any platform native token.

Luis Merino 🇪🇸 | Satoshi Club:
So Coinbase is the main reason? 😉😄

Mary | Satoshi Club:
I think we in crypto are already a little spoiled 😂 banks are usually run by bankers😂

Musk @CoinWind:
Right now, we are focus on two path, providing good product and building a strong cmomunity

For product: We have a dedicated financial team that will continue to screen high-quality projects for users and screen good investment targets. After internal evaluation, more mining tokens and more quotas will be released one by one.
For building a strong community which is what we are doing right now, creating more partnerships with other projects and maintain good connections with loans or leasing projects, and trying to convene them or their community member to stak their tokens to mine on CoinWind.

Musk @CoinWind:
Huuu, i think that is the final goal for all “havnt issue token” projects.

Mary | Satoshi Club:
Wise answer😃 thanks!

That’s true 🤣

Luis Merino 🇪🇸 | Satoshi Club:
😂😂

Mary | Satoshi Club:
Ready for the next question, Musk?

Musk @CoinWind:
Go!

Q5 from Telegram user @cryptofollower
We see really low revenues and low profit rates on single tokens especially if it is a stable coin like usdt or busd. But I see more than 80% APR on CoinWind. Checking the details, normally it gives 20% but there are additional 60% APY. Is it done with the reinvestment function you implemented? How does reinvestment works? How do you increase the yield?

Musk @CoinWind:
We do have a REINVESTMENT feature, which was just launched this month

First of all, let’s talk about why we need to reinvest. The income generated by current user mining is in the LP pool without any use, which causes the funds to be idle and does not maximize their value; on the other hand, the mining income is lower than in the past. In order to increase user revenue, we have added a re-investment function.

So how does the contract realize the reinvestment? Every 5-10 minutes, the contract will invest the income generated by mining into high-yield projects, and the new income generated will be reinvested again, which can improve the efficient use of income funds and reduce the manual reinvestment of users. Costs in terms of capital (miner fees) and time.

After the reinvestment, the project yield will increase by more than 40% on the current basis.

In addition, the most critical point is to make a supplementary explanation: as time goes by, the return on reinvestment will get higher and higher.

Mary | Satoshi Club:
Nice feature! So you still have them😃

Musk @CoinWind:
At the same time, I also suggest that you do not frequently withdraw the proceeds from CoinWind

Luis Merino 🇪🇸 | Satoshi Club:
That’s amazing, Musk 👏✨

Mary | Satoshi Club:
Sure🤣 who will do this!

Luis Merino 🇪🇸 | Satoshi Club:
So it’s like a cycle that is repeated always, right?

Musk @CoinWind:
Yeah, because each time withdraw, you will need to pay a gas fee.

which will reduct your incore

Musk @CoinWind:
Correct.

Luis Merino 🇪🇸 | Satoshi Club:
✨😄

Mary | Satoshi Club:
Thank you for clear answers!😃

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

Musk @CoinWind:
Always ready.

Musk @CoinWind:
Lets move to the 6th question

Q6 from Telegram user @ambbobb
I tried to create a wallet on the website but redirected me to some wallet I have on my mobile phone. Can users only create wallet on desktop? Or was it only designed for only user with desktop? Or we should be expecting it very soon on mobile phone too?

Musk @CoinWind:
You can use CoinWind on WEB or a Wallet APP

For web, you will need to set up a Matemast. CoinWind is available on Bitkeep, Huobi Wallet, Tokenpocket. Etc

Here are tutorials, please check them out.
HECO:
https://medium.com/coinwind/coinwind-mining-tutorials-heco-version-466afff80c6d?source=collection_home—4——1———————–

BSC:
https://medium.com/coinwind/coinwind-mining-tutorials-bsc-version-dc2da8d60f10

Mary | Satoshi Club:
Lol, i just wanted to ask🤣

Luis Merino 🇪🇸 | Satoshi Club:
He gave you no choice 😂

Mary | Satoshi Club:
No chances, CoinWind is fast like wind🚀

Luis Merino 🇪🇸 | Satoshi Club:
We haven’t noticed that’s your favourite sticker pack 😅😅

Musk @CoinWind:
Haha, doge.

Musk @CoinWind:
Recently, is doge news everywhere.

Luis Merino 🇪🇸 | Satoshi Club:
💨

Mary | Satoshi Club:
Yes, dogs are fashionable now🤣

Luis Merino 🇪🇸 | Satoshi Club:
Yeah! 😎😂

Mary | Satoshi Club:
Did you think to add Doge to CoinWind?

Luis Merino 🇪🇸 | Satoshi Club:
👀

Musk @CoinWind:
Actually, our team is evaluating it, I think the chance for doge is low because the price changes too fast.

Musk @CoinWind:
Lol

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

Luis Merino 🇪🇸 | Satoshi Club:
Price changes as soon as FOMO appears on Twitter 😂

Mary | Satoshi Club:
Elon, you can call his name😂

Luis Merino 🇪🇸 | Satoshi Club:
Lead by your “brother” Elon Musk 😉😂

Hahaha I was thinking about him 😄

Musk @CoinWind:
The big, more well-known Musk.

Luis Merino 🇪🇸 | Satoshi Club:
😎

Part 2 — live questions from the Telegram community

Q1 from Telegram user @topind7
Can you tell me one special thing about CoinWind and what makes I different from other similar projects?

Musk @CoinWind:
Haha. i think is we havnt issue a platform token yet, we want to become the next coinbase.
I also want you to remember one thing of CoinWind, we are leading APY.

Q2 from Telegram user @highpee
You will lower the THRESHOLD requirement from investors who intend to participate in Defi Mining. But lowering the threshold may also have an impact on mining returns. How will it be possible to achieve a sustainable mining return and maintain a high liquidity mining yield when the mining threshold are watered down ?

Musk @CoinWind:
Actually, i think CoinWInd mining THRESHOLD is the lowest. you need to prepare your token and stake in CoinWind, you can then, start earning.

For higher APY, we have a reinvestment feature will make CoinWind APY generally hight than most of the other platforms.

So how does the contract realize the reinvestment? Every 5-10 minutes, the contract will invest the income generated by mining into high-yield projects, and the new income generated will be reinvested again, which can improve the efficient use of income funds and reduce the manual reinvestment of users. Costs in terms of capital (miner fees) and time.

Q3 from Telegram user @Eminet001
Success of a project also depends on the community, what’s COIN WIND plan in attracting non-crypto users and spreading awareness globally especially to non English speaking countries?

Musk @CoinWind:
Actually, we are more focusing on Crypto members, instead of non-crypto users. it is required to use crypeo to mining on CoinWind, if a user is not a crypto user, there need more educations for this person. We will more focus on people who has know about crypto and some finance knowledge.

Q4 from Telegram user @JuanSB07
CoinWind is characterized by effectively resolving the problem of low profits for single currency miners. But really what are those “high profits” that users can generate through your platform? And if they are so high, how is the project sustained constantly? High percentages is not high risk?

Musk @CoinWind:
-first, we only select premium tokens for minings
-second, CoinWind is a DeFi intelligent mining financial platform that automatically matches the pledged tokens through contracts and cooperates with the strategy of hedging impermanence to maximize the user’s income, effectively solves single token mining low-income problem, and the impermanence of LP mining Risk issues such as large losses.

The smart contract run it itself so it could make good profile.

Speaking of high reture, that is correct, the strategy and smart contract can make that happen.

Q5 from Telegram user @Antoni_azx
In your contract, the funds in different currencies are paired and invested into the mdex liquidity pool to obtain income in MDX, why is this token given so much importance in your ecosystem? What other use cases do you have?

Musk @CoinWind:
MDEX is the largest platform on Heco. It is a decentralized trading product that automatically makes markets based on the concept of a fund pool. As a fully functional DEX, it is also proposed and implemented. A dual-chain DEX model based on Heco and Ethereum public chains. Combining the advantages of the low transaction fees of Heco and the prosperity of the Ethereum ecosystem, it supports the “dual mining mechanism” of liquidity mining and transaction mining.

I would say that MDEX.COM is the core hub of value exchange in the Heco ecosystem, and an important attempt to open up the CeFi and DeFi markets, whether it is from the strong growth potential of the encrypted trading track or a rampant comparison of the core data of several current top DEXs Indicators, the potential value of MDEX platform pass MDX is obviously underestimated, and we are very optimistic about the future of MDEX.

Q6 from Telegram user @Mamitabella
How would you keep your community active to continue achieving goals like your TVL over 1 billons dollars?

Musk @CoinWind:
CoinWind TVL has surpassed $1.76B.

Q7 from Telegram user @NataliyaKil
What was audited by Fairyproof in Feburary 2021 and Beosin Technology Co. Ltd in March 2021? What results did you get? Do you plan to contact a third company for an audit in the future?

Musk @CoinWind:
CoinWind has audited by those projects and they will continuously project coinwind smart contracts. they are good for now. if we find another great auditing project, we will definitely ask them to audit for CoinWind, because you know, CoinWind is currently managing the last $1.7 Billion worth of crypto assets.

Q8 from Telegram user @budykarebet
What is the strategy used by Your Project to attract new users and investors and keep them in the long term?

Musk @CoinWind:
Leading APY and safe smart contract.

Q9 from Telegram user @Dogleae
For coinwind At what stage is the project at the moment? And what should we expect in the coming months?

Musk @CoinWind:
Support more types of tokens.

Also, CoinWind will launch on more public chains

Q10 from Telegram user @Crypt0_l0ver
NFT is trending now, is there any plan for that?

Musk @CoinWind:
Not at the moment, we will just focus on mining services, we will only do what we are professionaly to do.

Part 3 – Quiz Results

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

Our partners:
CoinWind Telegram community:   https://t.me/CoinWind
Twitter:   https://twitter.com/coinwind_com

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 Pulse and our guest was @Bowtiesarecool – Representative of Pulse DAO. The AMA took place on 18 April.

The total reward pool was 500$ and has been split into 3 parts.

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

Part 1 — introduction and questions from the Website

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Pulse! Welcome to Satoshi Club😀

Andrés M. | Satoshi Club:
@Bowtiesarecool Welcome to Satoshi Club

Mary | Satoshi Club:
@Bowtiesarecool welcome here 😀

Sonny | Does Not PM/DM First:
Hi folks, glad to be here with you on behalf of Pulse’s DAO

Andrés M. | Satoshi Club:
How is going your weekend?😃

Sonny | Does Not PM/DM First:
Weekend in blockchain? Never heard of it 😂

Mary | Satoshi Club:
Does crypto have weekend?

Andrés M. | Satoshi Club:
Haha red weekend🤣

Sonny | Does Not PM/DM First:
A very red one.

Mary | Satoshi Club:
Hope, it’s just weekend 😀

Sonny | Does Not PM/DM First:
Feels like something we could have added to the market – will the market be red this weekend? yes or no

Sonny | Does Not PM/DM First:
Next week is another time.

Mary | Satoshi Club:
But our AMA will be colorful 🚀

Nice idea👍

Btw, usually we starting our AMA with intro😀

@Bowtiesarecool could you please introduce yourself and tell us more about Pulse😀

Sonny | Does Not PM/DM First:
Sure thing.

I’ve been in the industry since 2017 as a content creator, community manager, and business developer. I am here today on behalf of the Pulse DAO which is the decentralized community governing Pulse’s ecosystem. Anybody can be a member of this DAO as long as they are capable of contributing to the ecosystem. Feel free to reach out if interested

Pulse is a decentralized prediction market platform built on Near wallet and leveraging flux’s oracle aggregator to resolve predictions. It is open-sourced and governed by a DAO

Mary | Satoshi Club:
Nice info! Thanks! Do you have a big team? 😉

Sonny | Does Not PM/DM First:
Currently we have 7 members on the team and rapidly expanding as the community applies for roles within the DAO

Andrés M. | Satoshi Club:
How works the process to resolve predictions, could you provide us some details?

Sonny | Does Not PM/DM First:
Once the deadline for betting on the market is hit, the market is frozen and the oracle fetches the data for the outcome of the event predicted on. There is a 24 hours dispute window for the result fetched to be contested in the event that a validator provided incorrect data – either by omission or designed. If there’s no dispute, the DAO votes on finalizing the market with the result the oracle presented. Once finalized, the reward for the winning bet is distributed for winners to claim off the winning market

Mary | Satoshi Club:
Clear process 😀

Mary | Satoshi Club:
Thank you for your intro👏

Sonny | Does Not PM/DM First:
Very. In the near future and as the market expands, we are looking to add additional feeds from popular oracles through flux’s aggregator feature.

Mary | Satoshi Club:
Do you want to add something or we can go to the questions from our community?😀

Sonny | Does Not PM/DM First:
Just a quick plug here that since the prediction market is in the early launch phase, those using the dapp rigorously will be eligible for reward when the token goes public 😊

Mary | Satoshi Club:
Oh, that’s inspiring🎉

Andrés M. | Satoshi Club:
Great news🥳

Andrés M. | Satoshi Club:
@Bowtiesarecool are you ready?😁

Sonny | Does Not PM/DM First:
Yep.

Q1 from Telegram user @victorogb
The prediction market can be likened to a futures or occurrence marketplace that allows people to trade on an event’s outcome in the future. Though, Pulse being a decentralized and open-source prediction platform governed and maintained by a DAO might easily be likened to an analytic service for gambling related activities because of it’s perculiar service. What makes Pulse different from traditional gambling & predictory service providers and how are these predictions and informations carefully analyzed?

Sonny | Does Not PM/DM First:
Hey @victorogb, this is a solid question. Let me start with some pointers though. Pulse’s decentralized nature makes it no different from the traditional prediction market because you’re also betting on the outcome of a future occurrence. The added benefit of decentralization – or in this case, the blockchain – is its open-source nature could enable the evolution of the prediction market into an analytic platform for measuring and leveraging the wisdom of the crowd without any of the traditional barriers.
By leveraging an oracle system that is also capable of aggregating feeds from other oracles, the community can easily create any market and be assured that the outcome can be verified across several other oracles.

Basically, you’re not depending on data that cannot be proven and verified by the public

Mary | Satoshi Club:
Which blockchain are you operating on?

Sonny | Does Not PM/DM First:
We’re on NEAR blockchain and the first of its kind. NEAR’s wallet has a human-readable address feature meaning instead of the usual 0xblahblahblah, my address can be any English word instead

Yes, Ethereum also has ENS, but it’s not as cheap nor is it integrated into wallet

NEAR’s integration makes onboarding extremely easy

Mary | Satoshi Club:
Gotcha👍

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

Sonny | Does Not PM/DM First:
Fire away 😍

Q2 from Telegram user @cryptofollower
When I open your website it says “this is a community deployed open-source version of Pulse Protocol and is unaudited”. Did you release your prediction application right now or is it on a test phase? When will you audit your smart contract and everyone can use your application safely?

Sonny | Does Not PM/DM First:
The app has been rigorously tested for months and the current DAO has been vetted. However, we recognized the need for auditing by independent sources and will be allocating part of the treasury for such. This also accounts for the current whitelisting feature, which enables us to gradually scale up demand while gathering critical feedback for iterations

Mary | Satoshi Club:
Do you already know which audit firm will help you with audit?

Andrés M. | Satoshi Club:
Thanks for the answer, btw which benefits NEAR blockchain provides to Pulse?

Sonny | Does Not PM/DM First:
We’re actively looking at Trails of Bit, Quantstamp, and Peckshield at the top of our list and hoping that we can secure agreement with any one of them. Auditing do tend to be expensive affairs though 😅

Mary | Satoshi Club:
Nice choice 👍

Sonny | Does Not PM/DM First:
NEAR’s foundation has been extremely helpful in giving us access to tooling and critical feedback. They’ve also extreme interest in some of our upcoming features which I’m unfortunately not at liberty to reveal at the moment. Being the first such dapp on NEAR blockchain though, expect interesting things ahead

Andrés M. | Satoshi Club:
We will be expecting for it as well, don’t forget to share it with us 😃

Mary | Satoshi Club:
👍

Sonny | Does Not PM/DM First:
Certainly!

Mary | Satoshi Club:
Ready to proceed or you want to add something?😀

Sonny | Does Not PM/DM First:
Sure.

Q3 from Telegram user @NataliyaKil
Why do you offer NEAR Wallet for authorization on your platform? Does it have any advantages over other wallets? What benefits can I get? Still, I would like to have more wallet options to choose from. Have you thought about this so as not to limit your users to one wallet? In addition, I did not find a mobile version of NEAR Wallet, which is extremely inconvenient!

Sonny | Does Not PM/DM First:
Excellent question. Let me try and sum it up with an experience we’re all too familiar with – trying to get that friend of yours to use crypto. I’ve tried to get some friends into crypto, but the moment you come to wallet address, it becomes the biggest stumbling block. Some have asked me “why can’t my address be as simple as an email? Why can’t I choose my own name?”
The sports prediction market is one of the biggest markets in the world. However, for you to tap into this, you need to design an onboarding flow that keeps most of the crypto stuff under the hood and just allow them to sign up, create an address, and get to betting – just like they would for any traditional betting platform or email. Hence, the reason why NEAR’s integration of human-readable address as part of the onboarding flow became the most important piece in our selection of blockchain and wallet service to develop on

For mobile version, the current website has been optimized for mobile utility too

Mary | Satoshi Club:
So, let’s try to imagine that i am your friend😂

What i need to start to make predictions 😀

Andrés M. | Satoshi Club:
Do you have some guides about how to use correctly the wallet?

Sonny | Does Not PM/DM First:
First thing you need is to create a wallet address on wallet.near.org. You’ll be required to save your seed as usual and then asked to fund the wallet with 1 $NEAR (approx $6) for activating the human readable address. Don’t have $NEAR but you have some ETH in metamask? Just connect your eth metamask to https://faucet.paras.id/ to create a free near address

Once you’ve created the address, open Pulse app: https://pulsemarket.eth.link/ and connect your near wallet to it.

Yes, we do here: https://pulsemarket.medium.com/finding-the-pulse-for-mainstream-crypto-utility-a74ba9873b38

Mary | Satoshi Club:
Btw, for non crypto friends it’s not so easy 😀 can they buy NEAR directly with fiat in the wallet?

Sonny | Does Not PM/DM First:
We’re looking at integrating fiat on-ramp in our next updates. It’s one of the issues most of my normies friends have also raised. It’s a problem we’re exploring with NEAR foundation

Mary | Satoshi Club:
Gotcha 👍 i know normies problems on my friends example also😀

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

Sonny | Does Not PM/DM First:
Yep.

Q4 from Telegram User @Yusbealco
My understanding is that one of the benefits I get from using NEAR is that instead of having an address that starts with 0x and ends up looking like the equation to recreate the universe, you can have your wallet address read “pulse.near”. What other benefit do I get from using NEAR? How does PULSE MARKET circumvent the accessibility traps that haunt the industry? How do you trade within NEAR?

Andrés M. | Satoshi Club:
Thank you for the clear explanation

Sonny | Does Not PM/DM First:
There’s one other advantage – transaction fees. Yes, we all know the meme – ETH gas fee are just too damn high. Most of us farm on eth and when we look at our fees on fees.wtf, we get shellshocked. Nobody likes to see fees eating into their profit margin and while ETH foundation is working on reducing the features, the truth is we can’t hold our collective breath until then. NEAR blockchain is extremely cheap, super fast, and most importantly decentralized. They have also released a two-way bridge to ETH and will be releasing EVM support next

Mary | Satoshi Club:
Yes, fees incredible and when i need to do something on Eth i close my eyes😂

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

Mary | Satoshi Club:
Not to see numbers

Haha, true😂

Andrés M. | Satoshi Club:
Btw, will be there a bridge with other blockchains as BSC?

Sonny | Does Not PM/DM First:
Despite criticism, there’s no denying the pull BSC has especially with its cheap fees too, so we have the chain on our radar and will be exploring how to tap into the ecosystem over there too in due time.

Andrés M. | Satoshi Club:
Great idea💪

Mary | Satoshi Club:
Got it! Hope to see more bridges soon!

Ready to jump to the next question?😀

Sonny | Does Not PM/DM First:
Sure thing

Q5 from Telegram User @Winner_don
I am new to your app, so i don’t not know how the system determines its result. I know of a similar app – a prediction app that was wrecked by cheaters. The app allocate rewards to the most voted and so cheaters create multiple accounts to pull more votes for themselves thereby cheating the system. Have there been any similar cheat on the Pulse platform? How will you handle any form of cheat? How do you process the prediction result in general? What are the risk factors?

Sonny | Does Not PM/DM First:
Ah, yes. Think I’ve heard of that too. However, Pulse is a prediction market in the truest sense of the word meaning you are betting on the outcome of a future occurrence and will be rewarded (or not) when the event occur. But how do we verify and resolve this event when it occurs? That’s where the oracle comes into play and even if malicious result is feed into it, there is a dispute window to contest the reward and have the protocol fetch data from other feeds. There’s also an incentive for contesting malicious result because every validator bonds token to the oracle and if they provide bad data that is contested and resolved the right way, their token gets slashed and awarded to the node that contested the result

Andrés M. | Satoshi Club:
So, what is the risk level?

Mary | Satoshi Club:
Cheaters are very sad now😂

Sonny | Does Not PM/DM First:
Near zero at the moment considering the fact that the oracle will also have an explorer for everyone to see everything being done

Mary | Satoshi Club:
That’s great! So, we will sleep (predict) tight👍

Ready for the last question from this part?😉

Andrés M. | Satoshi Club:
Amazing 😁

Sonny | Does Not PM/DM First:
Fire away

Q6 from Telegram User @testercoin
The governance of pulsemarket is really important subject. For example the prediction about sports, who decides about which football matches will be listed on the ecosystem? Or for the viral topics, which hot topics will be listed for prediction on the system? Also are you going to list global events or will you list local events too?

Sonny | Does Not PM/DM First:
Ah. Good question. The current markets are being determined by the members of the Pulse DAO, however, it’s undeniable that we are not the repository of all events that can be bet on. So we often take ideas from the community too. So, if you have markets that interest you and feel it has enough importance/resonance with other members, just drop them in the community. For example, didn’t know Jake Paul had a fight until someone in the community mentioned creating a market for it.
Once the DAO fully launch, the community can propose and vote on any market they want. Pulse is prediction market democratized

Mary | Satoshi Club:
When do you plan your DAO to go fully live?

Sonny | Does Not PM/DM First:
Tentatively eyeing a Q3 window at the moment

Andrés M. | Satoshi Club:
So, Governance is one of the benefits for holders, right?

Sonny | Does Not PM/DM First:
The token release should be sooner though

Correct.

Andrés M. | Satoshi Club:
What are the main benefits for holders different of that one mentioned?

Mary | Satoshi Club:
Soon😉 next quarter 👍

Sonny | Does Not PM/DM First:
We’re exploring staking rewards for holders and liquidity provider alongside deflationary mechanisms

Andrés M. | Satoshi Club:
Excellent, we should recognize your team is doing a great job💪

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Karoceh
You mentioned that there is a 24 hours dispute window for the result fetched. How and Who will be the mediator if there is any disputes? and how does Pulse ensure fairness in dispute resolution?

Sonny | Does Not PM/DM First:
There is no mediator. Once there is a dispute, the amount of oracles/sources to get feeds from is specified and the oracle fetches the result. For example, if you specify 3 oracles to resolve a dispute around “Who won ElClassico in April 2021”, then all you need is a 2/3 for the dispute to be resolved.

Q2 from Telegram user @andrey_seleznov
I assume you use oracles to validate predictions? What oracles do you use for this? Do you have any preventive system in case one of the oracles gets hacked and provides erroneous data?

Sonny | Does Not PM/DM First:
We use the oracle from Fluxprotocol.org
Flux has a token bonding feature for all validator, an explorer for real-time, onchain monitoring, a dispute system, and slashing mechanisms for bad actors.

Q3 from Telegram user @surendra040
For safety, I don’t usually connect metamask on unknown websites,
https://faucet.paras.id/
How safe is it to connect my metamask wallet in this site??

Sonny | Does Not PM/DM First:
Can tell you two things:

1. It’s very safe
2. Keep a close eye on Paras ecosystem. What they are planning to do with NFT is amazing. Yes, I know NFT is a meme now, but…

Q4 from Telegram user @neverencryp
The normal prediction market i know are those bet sites company all around, but instead of calling yourself a bet company you instead called it a prediction market. What is the reason, why the pulse market is a prediction market and not a normal bet company in the average world.

Sonny | Does Not PM/DM First:
Prediction is similar to betting companies but not the same. True prediction requires that you are knowledgeable in the market you’re betting on. If you ask me to place a bet on a match between Lakers vs Bulls, I would because basketball isn’t my jam. Meanwhile, betting is more luck-based – I could bet on a coin if it will be heads or tailor if I can get 3 6 dice rolls at once. Betting is not a prediction.

Q5 from Telegram user @smelekin
I tried to use your app but it need a Near Wallet. I tried to create it but it asks for sending tokens to the address. Is this safe to use?

Sonny | Does Not PM/DM First:
Yes, it is safe to use. The token is used to create your human-readable address and it’s one-time only.

Q6 from Telegram user @Korryl
In pulse platform, user possible to stake their asset on the result for any market and earn fees, can you explain more detail about this? Is this stake same like betting system which the winner will get reward fees and loser will lose their asset?

Sonny | Does Not PM/DM First:
Correct. There can only be one outcome in binary prediction – you either win or lose. What you lose is given to the winner, hence the reason why it’s called betting, but prediction is not luck-based.

Q7 from Telegram user @Dogleae
CAN I buy $ PULSE without using the Ethereum network?

Sonny | Does Not PM/DM First:
There is no $PULSE token in circulation. You may be able to earn some from placing bets on the platform regardless of the outcome of the bet.

Q8 from Telegram user @andrey_seleznov
Do you plan to expand betting platform to trading futures as they seem more or less of the similar nature?

Sonny | Does Not PM/DM First:
This is being explored on our roadmap. We want to make as many markets as possible available and the DAO will play a big part in this.

Q9 from Telegram user @azrayeni
How many NEAR tokens do I need to use your dapp?

Sonny | Does Not PM/DM First:
Depending on the market. Current markets are based on two currency: wNEAR – wrapped NEAR and nDAI – a fork of DAI on NEAR. You can bet as low as 0.1 wNEAR or 1 nDAI.

Q10 from Telegram user @Xusuo
Can you explain to us how important are community for a prediction market project? Are your community possible to contribute in Pulse project and is there any community event like airdrop or bounty program in Pulse project?

Sonny | Does Not PM/DM First:
Decentralization is synonymous with community. There can be no decentralization without community. Decentralization also allows project to sidestep the thorny issues of jurisdiction, regional blocking, and censorship.
Our community is critical to market proposal and creation. Early users will be rewarded for being a part of our launch journey.

Part 3 – Quiz Results

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

Our partners:
Pulse Telegram community:   https://t.me/pulsemarkets
Twitter:   https://twitter.com/pulsemarkets?s=21

We are pleased to announce our next AMA on April 27th 2021 at 03:00 PM UTC Time: Satoshi Club x Statera

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

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

Part 3: 300$ – A quiz about Statera

For more details:
Statera Website – stateratoken.com
Statera Telegram – @stateratoken
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on April 25th 2021 at 01:00 PM UTC Time: Satoshi Club x ENEX

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

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

Part 3: 300$ – A quiz about ENEX

For more details:
ENEX Website – enex.space
ENEX Telegram – @enexspacechat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

This Recap is about MOAR Finance. The AMA took place on April 19th, 2021 and our guest was @johnl1 . We would like to present to your attention a meeting with the real Wolf of Wall Street.

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

Маry Satoshi CLUB: Hello Satoshi Club! We are happy to announce our AMA session with MOAR Finance! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club: Hello, dear community! Today our guest is @johnl1!

Маry Satoshi CLUB: @johnl1 welcome here 😀

John (Don’t respond to dm) L: thank you for hosting! apologies for being late~

Маry Satoshi CLUB: Np, we are happy to see you here 😀 Let’s start our AMA!

John (Don’t respond to dm) L: Rock and roll

Маry Satoshi CLUB: Could you please introduce yourself and tell us more about MOAR Finance?😀

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

John (Don’t respond to dm) L: Hello hello Satoshi Club!

I am John, project lead for MOAR.  I hail from Wall Street with 9 years trading alternative products and derivatives and 10 years building products crossing the gamut of operations, risk, and trading for the industry.

For the last 3 years I have been “full-on” in blockchain, leading product organizations and strategy at public protocols like Fusion, and advising various digital asset startups.

Маry Satoshi CLUB: Wolf of Wall Street 😉

Gold Rocket | Satoshi Club: Wow! Great background👍

Маry Satoshi CLUB: But you choose crypto😀

John (Don’t respond to dm) L: Now let’s talk about MOAR.

TL DR version:

MOAR is the first-of-its-kind, derivative-aware, capital-efficient lending platform.

If I said nothing else then that sentence is sufficient.

John (Don’t respond to dm) L: I choose crypto for the people like you all. Hahaha..

Маry Satoshi CLUB: Wow, sounds promising! We want more details 😀 You’re one of us now and together we are power💪

John (Don’t respond to dm) L: So about MOAR – by explaining what MOAR stands for, you’ll also understand more..about MOAR.

MOAR stands for Multi-asset Optimized Automatic Return.

Multi-asset:

Not only will multiple cryptocurrencies be supported as we build on cross-chain protocols, but also multiple asset types of those currencies.

Optimized:

The platform optimizes collateral utilization, return streams, gas efficiency, liquidation protection, and more by integrating derivatives with underlying assets, unlocking the same financial efficiency of found in TradFi.

Automatic:

Smart contracts automations are still split across different projects that for the average DeFi consumer, make them inaccessible. MOAR leverages composability wrapped with usability to create a one-stop, one-click experience for mass adoption.

Return:

MOAR provides decentralized money-market lending returns enhanced with sophisticated financial tooling and DeFi Protection, such as UNION’s crypto default swaps.

That’s MOAR!

Gold Rocket | Satoshi Club: It’s very interesting! thanks a lot for the intro! And now we have prepared questions for you from the community.

Маry Satoshi CLUB: Fantastic! We want to dive deeper into the details 😀 With the questions from our community!

John (Don’t respond to dm) L: Can’t wait!

Q1 from Telegram User @Xusuo

I read that Moar Finance’s testnet will be launched at the end of april, can you explain what user able to do with your testnet and who will test it? Do user possible to participate testing your testnet? And when will your mainnet ready?

John (Don’t respond to dm) L: Yes, we are targeting end of April. That’s two weeks left on our countdown timer, and things are looking good.

Testnet will offer the vanilla lending platform features: borrow, deposits. 

In addition, and more importantly, the secret sauce is the integration of C-OP (UNION’s Collateral Optimization product), giving users the option to turn their ETH deposit from the typical 70% borrow factor to 100% borrow factor! 

This optimization fulfills the “derivative aware” portion of MOAR.

Маry Satoshi CLUB: It will be launched on test network or mainnet? Will it be Eth network?

John (Don’t respond to dm) L: Yes, users will have a chance to test it.  We will likely launch both a closed-beta testing of select users performing certain tasks in return for MOAR incentives, along with general open beta.  More details to be announced.

John (Don’t respond to dm) L: End of April is testnet, so either Kovan or Rinkeby (ETH test networks).  We start with Ethereum layer because 1) that is where the majority of DeFi is and 2) it’s a great foundation for porting to other chains.

On our roadmap, you will see in Q4 we start working with cross-chain protocols, like Polkadot

Маry Satoshi CLUB: Gotcha! I like testing, hope i will have a chance to join testing 😀 Awesome! I see that cross-chain is must have nowadays 😀

John (Don’t respond to dm) L: A sign of the maturing industry and tech.

Маry Satoshi CLUB: Yes, i couldn’t imagine this two or three years ago. Thank you for your answers! Ready to go to the next question?

John (Don’t respond to dm) L: Yes, let’s go!

Q2 from Telegram User @Pratze

I read on your telegram, that Moar Finance will have an airdrop program to give $MOAR token for $UNN holder, can you give clarification what are the connection between $MOAR and $UNN? And also what are the requirement to get the airdrop, is it just need to hold $UNN?

John (Don’t respond to dm) L: Well, not sure where that message came from, but we have not said there will be an airdop.

What we have said is that MOAR will donate a portion of its tokens back to UNION.  Now, what UNION chooses to do there—well that’s up to them. 🙂 

We also have said that there will be other incentives that are explored, such as enhanced borrow factors.  We’ll share more when appropriate.

Маry Satoshi CLUB: Ok, but i will ask😂 if the word airdrop will ever be combined with MOAR Finance? Retroactive airdrop?

John (Don’t respond to dm) L: Now, for the connection of UNN and MOAR:

UNION and MOAR have a very strong symbiotic relationship.  We are sister (or brother) projects.

MOAR started under UNION, meaning we have all the expertise of UNION as a starting point.

The origins of MOAR, ULend, was to showcase UNION’s protection product (starting with UNION’s revolutionary capital efficiency product, C-OP) so that other lending platforms can utilize ULend as a guidebook on how to integrate UNION’s products.

Маry Satoshi CLUB: You have famous relatives 😀

John (Don’t respond to dm) L: As a standalone project, MOAR will focus on Lending which utilizes UNION products for protection, while UNION continues to focus on protection.

UNION = the Intel chipmaker for protection. 

MOAR = the PC maker utilizing the protection chip for computers.

More TVL in MOAR —> More adoption of UNION product.

Nothing is impossible. 🙂

Маry Satoshi CLUB: Got it😀 So, you will grow together! Strong family 💪

John (Don’t respond to dm) L: Exactly. Other lending platforms and projects, will continue to use UNION for their own purposes.

Маry Satoshi CLUB: 👍Thank you for your answers! Do you want to add something or we can go to the next question?

John (Don’t respond to dm) L: Let’s go to next question.

Q3 from Telegram User @Gutike95

I understand that MOAR leverages compositing capabilities to create a one-click experience for mass adoption, as you guys mention, but could you really explain a bit more about it? And can UNION really only achieve adoption if and only if it uses MOAR?

Маry Satoshi CLUB: A bit covered😀 But i am sure you can add more to the answers😀

John (Don’t respond to dm) L: The easiest explanation is to draw analogy to your smart phone.  It’s got tons of apps right? But with a few clicks, I can launch an app and do whatever I want.  Or, think of Wechat or LINE or Facebook.  Tons of features—posting, payments, ads, purcahses. All within one app.

The MOAR equivalent starts with what we’ve done with C-OP.  Sure, you can goto UNION C-OP and purchase then come back to MOAR and deposit the C-OP.

-or–

You can buy C-OP directly within UNION when you are about to borrow assets. Giving you the value exactly when you need it.

Маry Satoshi CLUB: Yes, that’s true! So, it will be easy even for normies to use it?😀

John (Don’t respond to dm) L: MOAR will do the same with other protocols—maybe other derivatives, or other enhanced yield vaults.

100%.  DeFi is ready for its own wave of mass adoption, much as the wave has hit the majors (BTC, ETH, and…DOGE).  Consumers expect simplicity.

John (Don’t respond to dm) L: Now, let’s move to second part of question.

 can UNION really only achieve adoption if and only if it uses MOAR?

Маry Satoshi CLUB: Yes, that’s interesting 🙂

John (Don’t respond to dm) L: UNION will not only use MOAR. 

MOAR is the first of many projects that will use UNION.  Partnerships with other lending protocols and cross-chain protocols have been announced through UNION and I look forward to the adoption there. 

There is no exclusive deal signed where UNION is not allowed to partner with other protocols at all.  That goes against DeFi collaboration!

John (Don’t respond to dm) L: Ready for next question.

Маry Satoshi CLUB: Let’s go 🚀

Q4 from Telegram User @yellowchamp

MOAR will offer incentives for holders of UNN, in the form of optimized borrow factors, lower charges, and joint Geyser rewards. Can you describe how does Optimized borrow factors being implemented in Moar network? and can you give us more details about the Geyser rewards in your platform? Can anyone join it or only the UNN holders? Thank you

John (Don’t respond to dm) L: We talked a bit about C-OP and MOAR already, so I’ll be brief.  By hedging a collateral with a Put option, MOAR is able to lock-in a known value of liquidation (like Sunday’s).  With this certainty, MOAR can lend up to 100% of the collateral’s value.

This both increases capital efficiency (borrow more for what you have!) and can also be used as additional safety (reduce risk of liquidation!).

As far as the Geyser rewards, we will announce this week additional info.  Let’s get through the Uniswap listing first.

I can say that, MOAR follows path of other projects to reward LPs of MOAR in Uniswap.

Маry Satoshi CLUB: This will be available for all users? Will you charge a fee for borrowing?

John (Don’t respond to dm) L: If you are referring to C-OP: Any user who deposits ETH and purchases C-OP.

If there is big enough demand, we may even purchase in batch and then offer to users—but that’s putting the cart before the horse, as the saying goes.

John (Don’t respond to dm) L: Yes, there will be a small borrow fee, much like other protocols, for example Compound.  The fee is set aside in reserves, primarily to be used in “black swan” events.  Holders of MOAR may choose, through governance, to do something else with a portion of those fees, or increase/decrease fees in the future as we open up our governance features.

Маry Satoshi CLUB: That’s clear! Thank you for your answers! Ready to proceed?

John (Don’t respond to dm) L: We’ll share more on fees as we move closer to Mainnet.

Yes, ready to proceed

Маry Satoshi CLUB: 👍 we will follow your updates

Q5 from Telegram User @alptrader

About the governance options of voting power as there will be lending decisions, the community plays a key role on the future of the Moar. In order to gain governance power do token holders need to lock the tokens inside the ecosystem and how many tokens needed for gaining vote power?

John (Don’t respond to dm) L: Hah, it’s almost like we coordinated this question ahead of time to follow my answer. But..we didn’t. 😀

Маry Satoshi CLUB: As i understand we will see updates later, right?😀

John (Don’t respond to dm) L: Certainly, one has to hold MOAR tokens.  I don’t believe a project should have a minimum to have vote power.  If you have 1 MOAR token, you can vote.—-though that clearly won’t have the same effect as someone who votes with 100 MOAR tokens. 

We are seeing governance structures mature as well, and are looking at optimum ways to balance “signal voting” (e.g., off-chain voting) with necessity for on-chain votes.  We are very mindful of gas costs stifling participation on votes.

Certainly, more updates to come on governance.  Perhaps there are structural bit impactful votes that require locking (for example, lowering fees).

Let’s move on to next question

Маry Satoshi CLUB: Yes, project always trying to find best structure for voting 😀

Q6 from Telegram User @Andrey_Seleznov

You have an impressive list of prominent VC investors but I could not find the whitepaper on MOAR website. What was your pitch that helped to enlist all of them without the whitepaper or litepaper?

John (Don’t respond to dm) L: We have a private deck and a litepaper which concepts I have mostly shared through AMAs and Medium. 

Really, the topic of capital efficiency, how we chose to approach it with a derivative-first solution, and the maturity of the product (close to Testnet), made the conversations very smooth.  There are many many lending platforms—but we’re the first that I know of which is derivative aware and focused on capital efficiency.

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Subarna_Lata

What is unique about #MoarFinance performance compared to other farms?

Why should I create collections at Moar Finance? And what the user needs to have to be able to create and cast out the NFT on the Moar Finance?

John (Don’t respond to dm) L: To start, you get to borrow more for the same $ of asset that you have.  There will be other benefits in the future such as options to swap between floating interest and fixed term interest, integrated protection, and self-managed liquidation prevention rules.

Q2 from Telegram User @ieo_alert

What is the real difference between MOAR and UNION? Why don’t they focus on a single project?

John (Don’t respond to dm) L: UNION is protection.  MOAR is lending.  Those are two different projects.  Why constrain the opportunity set?  By having two separate projects, each team can focus on a single project (no distractions) while still bringing adoption  or innovation value to each other.

Q3 from Telegram User @h1drX

Your Q4 feature goals will include layer two integration, a cross-chain test network (Polkadot).  The integration of layer two caught my attention, what is layer two going to be responsible for that you will implement in the project?  Also, regarding Polkadot, why did you decide to create a cross-chain test network?  What are your goals regarding this?

John (Don’t respond to dm) L: Layer 2 can be used for computation heavy items on-chain.  Or, they can be used for internal transfers (within a user’s account or to another MOAR account).  All to save gas. 

Cross-chain future-proof’s MOAR so that users can exchange any asset, or take advantage of any protocol’s innovation.

Q4 from Telegram User @SPAZEEEE

Q. According to yourself Is your project able to compete with other projects?

If so, can you explain in what way you attract users so that they are interested and contribute to your project !?

John (Don’t respond to dm) L: capital efficiency.  able to use derivatives. Done 😀

Q5 from Telegram User @cindy_crypto

How do you mix the derivatives with the defi lending? If someone lend 1k, can I borrow 2k?

John (Don’t respond to dm) L: In Tradfi, this concept of leverage definitely exists and is much more efficiently utilized than DeFi.  With my TradFi background, I would like to create similar leverage that both creates opportunity for the person using leverage and protects the platform offering leverage.

Q6 from Telegram User @AllenLu

One of the tools that you have in your MOAR key are the options, also adding a Swaps with different types of interest. Can you explain what these tools are about and how do they differ?

John (Don’t respond to dm) L: Money market lending today is what’s called floating rate.  means that it changes everyday.   This is great if you are borrowing and the rate goes down, but not so great if tomorrow you walk in and the borrow rate went from 6% to 13%, for example.  If a borrower, or lender, wants certainty  in rates for a term, they can use interest rate swaps.

Having interest rate swaps + fixed term deposits as primitives also opens up many other avenues of financial innovation.

Q7 from Telegram User @Indomiekuy

I see that Moar Finance main product is about Lending platform. Also you already success doing private round and having great investor. Could you please share a little about your investor, who are they and what are their background? Also if you dont mind, can you tell us what are your plan to do with fund that you gathered from private round?

John (Don’t respond to dm) L: Our website has the list of backers.  But they are quality names such as 3commas, Kyros, Ruby, AU21 and more.  These are entities that know DeFi space through and through, and recognize MOAR as a standout project.

The funds gathered in private round is used for building out the roadmap!

Q8 from Telegram User @giovannialc

MOAR finances allow obtaining returns for both people with capital and for those seeking capital. What other plans can offer users?

John (Don’t respond to dm) L: If we’ve accomplished that as a lending platform, then we’ve already succeeded! MOAR is about being a lending platform that is more capital efficient, safer, and easier to use for lenders and borrowers—individuals or institutions.

Q9 from Telegram User @Tahsinahmett

Could virtual currency replace all world currencies in the future and become the world’s only currency? Where do you see yourself in the future?

John (Don’t respond to dm) L: World currencies of majors are in essence..already virtual. US Fed sure doesn’t print trillions in paper money.  🙂 

But yes, digital currencies will indeed be a thing.  Just look at the headlines—China, Europe.

As for where I see MOAR—I see it being a nexus of money flow helping users and institutions alike meet their capital needs.

Q10 from Telegram User @meml97

🧨     It caught my eye the fact that MOAR is built on the latest version of Solidity, which means it can handle ERC-721, the token standard for nonfungible tokens, and of course we know that NFTs right now are becoming really popular, so, will MOAR incoporate NFT services to it’s platform anytime in the future? Could you share more about this with us? @johnl1

John (Don’t respond to dm) L: Well, doesn’t have to have latest version of Solidity to handle ERC-721.  But bonus points for picking up those two facts. 

Being ERC-721 aware means we can handle the NFT markets as they develop too.  Can people pledge NFTs and borrow against them? There are logistics that need to be addressed (e.g., what’s a good Oracle for price? How stable is that price?), but the platform can already handle NFTs when the logistics are solved.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of MOAR Finance. 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:

MOAR Finance Website – moardefi.finance
MOAR Finance Telegram – @MOARFinance

Bienvenidos a otro episodio de nuestra serie de AMAs. Hoy nos complace contarles sobre la sesión con nuestros amigos de Phala Network, un servicio de computación en la nube que preserva la privacidad en el ecosistema Polkadot. El AMA tuvo lugar el 18 de abril y nuestro invitado fue @MarvinPunk, Co-fundador y Director Ejecutivo del proyecto.

El fondo de recompensa total fue de 100$ y se dividió en dos partes. En este AMA recap intentaremos resumir algunos de los puntos más interesantes para ustedes.

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PARTE 1, INTRODUCCIÓN Y PREGUNTAS DE LA COMUNIDAD

Luis Merino | Satoshi Club: ¡Hola a todos y bienvenidos a un nuevo AMA con Satoshi Club Spanish!! Nuestros invitados hoy son de Phala Network. @MarvinPunk será el que trate de resolver todas vuestras preguntas sobre el proyecto.

Marvin (Phala Network): Hola chicos, un gusto conocerlos.

Luis Merino | Satoshi Club: Entonces, @MarvinPunk, para empezar, ¿podría decirnos algunas palabras sobre usted y hacer una breve introducción sobre Phala Network? 😊👍

Marvin (Phala Network): Mi nombre es Marvin, cofundador y director ejecutivo de Phala Network. También soy el asesor de PAKA.fund, que es una empresa DAO objetivo de Polkadot.

Fui gerente senior de productos en Tencent & Didi, que enfrenta a millones de usuarios, y personalmente soy bueno en el diseño de estrategias comerciales, experiencia en servicios de diseño y decisiones basadas en datos. La primera vez que escuché sobre blockchain fue a través de mis amigos, y atrajo mi curiosidad. Pasé mucho tiempo averiguando qué eran la tecnología blockchain, POW, contratos inteligentes y Dapp. Luego comenzamos con Phala Network, un servicio de computación en la nube que preserva la privacidad en el ecosistema Polkadot basado en Substrate.

Pregunta 1 del usuario @giovannialc

Han establecido una asociación con Bitcoin Gold para crear puentes ligeros entre cadenas al ecosistema Polkadot para BTG y otras cadenas basadas en Bitcoin. Esto proporcionará un camino hacia el fondo del valor de mercado de $ 36 mil millones de este grupo de monedas en el ecosistema Polkadot para su uso en contratos inteligentes, DeFi, DEXes y más. ¿Se aplicará solo la tecnología relacionada en TEE o mencionarán sus otros productos? Hasta ahora, ¿cuántos puentes ha creado, porque lo que debe llenarse con Bitcoin Gold es un compromiso bastante grande?

Marvin (Phala Network): Sí, https://wiki.phala.network/en-us/docs/pdiem/ por favor revisen el deck. Diem es en realidad nuestro primer puente, creemos que el puente en sí mismo es un caso de uso perfecto para TEE y tecnología de computación múltiple. Debido a que 1 blockchain solo puede verificar sus propios datos, no pueden “confiar” en ningún otro, ¿verdad? Entonces, si desea que 1 blockchain confíe en otro, puede usar:

– 2 clientes con contrato inteligente que pueden verificarse entre sí, como el puente ETH-Polkadot

– o un contrato inteligente de múltiples firmas basado en la teoría del juego para verificar una cadena que no tiene un contrato inteligente, como BTC, BTG… https://beta.polkabtc.io/ es un buen caso.

Pero ambos tienen una compensación: los nodos para el puente cuestan mucho en función de los activos que está conectando. Pero con la tecnología TEE, podemos usar una forma más ligera y rápida de unir diferentes cadenas de bloques, lo que presenta Phala, no solo a DIem, sino también a BTC, BTG y DOGE.

Pregunta 2 del usuario @beterror203

¿Como es el sistema Cross-Chain de PHA en cuanto uso y privacidad, este sistema como gatantiza la interporabilidad entre datos y al mismo tiempo una alta escabilidad en las operaciones porque decido hacerlo bajo la estructura de Polkadot que cambios esperamos en el futuro para aprovechar este sistema y resolver los problemas como fee que se presentan con el ETH?

Marvin (Phala Network): Creo que en aplicaciones a gran escala, una gran cantidad de datos no se puede vincular directamente a la cadena, porque la cadena de bloques actual no es adecuada para procesar grandes cantidades de datos, es un consenso. Por lo tanto, todos los cálculos de contratos en Phala se ejecutan fuera de la cadena. Los nodos informáticos de privacidad de Phala no son bizantinos. En comparación con las redes blockchain, la red de Phala está más cerca de un sistema distribuido tradicional donde los nodos pueden confiar entre sí.

Una ventaja de esto es que los métodos de procesamiento a gran escala que se usan comúnmente en los sistemas distribuidos tradicionales se pueden construir en Phala. Las conocidas bases de datos Mapreduce, Spark e incluso distribuidas se pueden implementar teóricamente en Phala.

La computación distribuida se basa en una capacidad importante, que es la expansión horizontal, ¡comúnmente conocida es agregar más máquinas! La mayoría de las cadenas de bloques realizan los mismos cálculos en todas las máquinas y no pueden lograr la expansión horizontal. Phala es diferente, cada nodo se calcula por separado y en paralelo entre sí. Por lo tanto, para nosotros, cuanto mayor sea la potencia de cálculo, mayor será la escala de aplicaciones que se pueden realizar. Ésta es la única forma de satisfacer las necesidades informáticas de las aplicaciones a gran escala.

Phala Network es desarrollado por Substrate, se puede conectar fácilmente al protocolo de cadena cruzada de Kusama y Polkadot. Esta red tiene muchas ventajas, como la interacción entre cadenas y la seguridad compartida; sin seguridad compartida, el valor de la cadena cruzada se reducirá considerablemente. Polkadot resolvió el problema de la cadena cruzada de seguridad a través de SPREE, que es la razón principal por la que elegimos Polkadot. Creo que, en base a esto, realmente puede resolver los problemas de rendimiento en cadenas similares a ETH (incluye BSC).

Luis Merino | Satoshi Club: ¿Solo a Kusama y Polkadot? ¿Quizás incluyas a otros en un futuro próximo?

Marvin (Phala Network): Jaja, me refiero a las 2 cadenas de relevos como Kusama y Polkadot. Para cualquier parachain vinculado con Kusanma y Polkadot, ¡Phala los conectará muy fácilmente! Como la naturaleza.

Pregunta 3 del usuario @Yusbealco

Afortunadamente, con Phala Network, puede crear una computadora portátil basada en la nube que nunca tendrá inconveniente de divulgación de privacidad. ¿Qué información puedo subir a la nube? Si un virus ya sea un troyano,etc, llega como un archivo guardado en la nube y comienza a interferir a fondo, ¿se puede detectar?

Marvin (Phala Network): En primer lugar, quiero aclarar que, a diferencia de Apple Cloud, generalmente nos referimos a “nube” y no solo a “almacenamiento de datos”. Por ejemplo, dijo que cargar datos es un escenario típico en la nube, pero es solo una parte. Los servicios en la nube incluyen computación, almacenamiento, CDN, servicios de contenedores basados en la nube, etc.

Entonces, cuando un desarrollador usa la nube, necesita implementar un programa que ejecuta y programa los recursos necesarios para que el programa corra los efectos. Por ejemplo, si necesita implementar un programa utilizado por millones de personas, el diseño de backend del equilibrio de carga como K8S es muy importante.

Por lo tanto, cuando utiliza la informática privada, en realidad es diferente de la implementación en la nube ordinaria. Phala proporcionará un contenedor para ejecutar el programa. Puede implementar este programa en el contenedor. Solo necesita pagar algo de PHA para pagar los costos de recursos de su aplicación. Dado que la operación de datos de este programa es “privada”, ¿cómo certifica Phala que su programa es seguro y confiable?

La autenticación remota es una función de TEE. Se genera una solicitud de certificación dentro del hardware. Esta solicitud contiene una firma de hardware. Intel / AMD / ARM verificará la firma y emitirá un certificado calificado. Este certificado puede demostrarle a un tercero que el programa se ejecuta efectivamente en el entorno TEE. En pocas palabras, esto es como una prueba de conocimiento cero, cualquiera puede verificar, pero es más poderosa y flexible que la prueba de conocimiento cero.

Luis Merino | Satoshi Club: Ese es un caso de uso de PHA. ¿Qué otro caso de uso tiene PHA?

Marvin (Phala Network): También hay muchas utilidades para token PHA, PHA se usa para pagar los recursos de la informática privada.

Recursos informáticos confiables: la PHA paga la potencia informática confiable, el almacenamiento estatal en cadena y el almacenamiento fuera de la cadena, tanto por el ecosistema de participación como por la tarifa del gas.

Pagos por servicios de privacidad: las aplicaciones de privacidad prestan servicios de pago en el ecosistema Phala, como transacciones de privacidad a través de XCMP con otro protocolo Polkadot DeFi, o el uso de Web3 Analytics para crear sistemas de recolección y comercio de datos.

Y PHA también se usa ampliamente para la minería TEE (sistema Privacy Cloud)

– Los mineros de TEE en Phala deberán vincular la participación de la PHA para obtener una recompensa minera

– La comunidad Phala usará PHA para gobernar y votar por decisiones sobre Phala (por ejemplo, votar para decidir si Phala permite auditar transacciones privadas

– La comunidad de Polkadot utilizará la PHA para votar qué tipo de servicio de preservación de la privacidad se necesita o recompensa por el ecosistema de Polkadot

Pregunta 4 del usuario @henryexito

Uno de los factores mas importantes en los proyectos criptográficos es la confianza y un punto álgido en los proyectos es la seguridad que puede ser amenazada por alguna vulnerabilidad en los contratos inteligentes que significaría perdidas para los inversores, ¿Qué tan segura es la plataforma de Phala para prevenir este tipo de situaciones a fin de que los inversores, clientes y usuarios se sientan seguros al trabajar con ella?

Marvin (Phala Network): Lo que quiero decir es que la tecnología y las ideas detrás de Polkadot son realmente muy profundas. Si presta atención al funcionario de Polkadot, encontrará que ha estado mencionando repetidamente el concepto de “seguridad compartida”, que es una característica muy, muy importante. Se puede decir que sin seguridad compartida, la importancia de la cadena cruzada se reducirá en gran medida.

Por lo tanto, la seguridad de la parachain está realmente protegida por la cadena de relés, que también es uno de los valores de la hipoteca de tragamonedas. En el contrato confidencial de Phala, tomamos el intercambio de datos como ejemplo: si el comprador puede enviar cualquier código de análisis y el vendedor lo ejecutará después de la revisión y aprobación, entonces, de hecho, la mayoría de los vendedores no podrán auditar el código. Incluso en el caso de código complejo, es fácil introducir algunas lagunas, lo que dificulta su detección por parte de la auditoría.

Podemos mantener una base de código en la que se almacenan los módulos públicos auditados. Si los módulos existentes se utilizan como bloques de construcción, el código que debe auditarse será mucho menor. Admite SQL, una herramienta de análisis más general, que cubre más necesidades y tiene un costo de revisión más bajo (producto de mercado de datos SQL centralizados: Google BigQuery).

Pregunta 5 del usuario @Gutike95

Mencionas que los contratos confidenciales de Phala son compatibles con múltiples estándares, incluidos Intel SGX y AMD SEV, que te permitirán desarrollar cualquier proyecto en tu contrato inteligente, ¿verdad? ¿O realmente existen algunos impedimentos que Phala brinda a sus miembros?

Marvin (Phala Network): Lo que quiero decir es que los contratos inteligentes en Phala no son contratos inteligentes ordinarios, sino “contratos inteligentes de privacidad” más generales. Planeamos admitir que WASM se ejecute dentro de TEE, por lo que los desarrolladores que están familiarizados con WASM pueden implementar programas sin siquiera tener un conocimiento profundo de blockchain. Pero no quiero hablar mucho. Cállate y enséñame el código, ¿verdad? Pueden consultar aquí: https://wiki.phala.network/en-us/docs/developer/your-first-confidential-contract/

Cómo implementar un contrato inteligente confidencial dentro de Phala. Y hay tantos casos creados por desarrolladores de la comunidad en Phala: https://medium.com/phala-network/what-kinds-of-privacy-applications-can-be-created-on-phala-e129d15b70d0

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PARTE 2, PREGUNTAS EN VIVO DE LA COMUNIDAD DE TELEGRAM

El chat fue abierto por 120 segundos; una gran cantidad de preguntas fueron publicadas por la comunidad de Satoshi Club Spanish. Nuestro invitado escogió algunas de ellas.

P1 del Usuario de Telegram @Gutike95

Puedo entender que los datos confidenciales están totalmente aislados, brindando una garantía a los miembros ya que para poder acceder a cada uno de sus datos, se requerirá una autorización para ser aprobada, pero ¿podría realmente decirnos cuáles son esas acciones de autorización que debe cumplirse? ¿Son únicos para cada usuario?

Marvin (Phala Network): La clave es equivalente a la propiedad de todos los activos en la blockchain. Por lo tanto, en la cadena de bloques actual, el usuario debe guardar correctamente la clave, de lo contrario, los activos pueden perderse. Los contratos inteligentes se pueden utilizar para establecer permisos de manera flexible, pero debido a las características públicas, no pueden conservar las claves para los usuarios.

Pero con un contrato inteligente confidencial, el usuario puede almacenar la clave en el contrato y usar el contrato para verificar de manera flexible la identidad del usuario antes de liberar la clave sin preocuparse por perder la clave. Otra ventaja de poder administrar claves en el contrato es que la administración de activos entre cadenas se volverá muy simple. Por ejemplo, puedo guardar la clave privada de Bitcoin en el contrato, lo que permite enviar y recibir Bitcoin como contrato, y encontrar otra forma de realizar Bitcoin. Contratos inteligentes entre cadenas.

¿Cómo funciona la autenticación de datos en el contrato inteligente de datos de Phala?

En primer lugar, W3A (Web3 Analytics en Phala) proporciona SDK para dispositivos móviles y web: el propietario de un sitio web determinado puede acceder al SDK de W3A e implementar el informe de punto de venta después del cifrado de extremo a extremo. Aquí se puede garantizar que la clave privada solo es propiedad del usuario y del equipo del minero TEE, y ni el desarrollador ni nosotros podemos descifrar los datos.

En segundo lugar, gestión de datos de usuario descentralizada: los usuarios pueden firmar con sus claves privadas e ingresar a la consola W3A para administrar los datos y los permisos de acceso. Puede borrar y descargar todos sus datos.

En tercer lugar, para un tercero que quiera usar datos: puede enviarlos como un contrato inteligente confidencial de la red Phala a través de un contrato W3A con plantilla o SQL personalizado. Estos contratos de computación consultarán si el usuario ha firmado la clave privada para completar la autorización, si después de que se complete la autorización, este programa de análisis completará el análisis de datos en el TEE y mostrará los datos del resultado al desarrollador. En este paso, nadie puede ver los datos, pero puede ver que todo el proceso y los datos son creíbles.

P2 del Usuario de Telegram  @KeymerS

Entiendo que la interoperatividad es sumamente importante para aprovechar todo el potencial de DeFi, pero además de eso, también existe la “componibilidad”, que representa un 90% de utilidad en los contratos inteligentes, ¿verdad? Pero, ¿podría decirnos a qué se refieren? con componibilidad?

Marvin (Phala Network): Todos sabemos que la combinación de DeFi y privacidad Layer 2 debe confirmarse mutuamente a través de Ethereum, y un protocolo de Layer 2 no puede interoperar con otro protocolo. Esto hace que sea imposible para los usuarios llamar directamente a Tonado Cash con el protocolo Loopring, o llamar directamente a Aztec con Aragon.

Pero en Polkadot, el protocolo XCMP permite que las parachains con fuertes capacidades de personalización logren una conveniente interoperabilidad entre cadenas con una carga de trabajo mínima. La capacidad de composición lograda a través de XCMP permite a los desarrolladores crear casos de aplicaciones enriquecidos como si fueran bloques de Lego.

P3 del Usuario de Telegram @Wormz28

Acerca de los mineros, dicen que los mineros de Phala necesitan ejecutar un “cliente de minería” para alquilar su potencia informática a la red a cambio de recompensas. Entonces, ¿puede explicar más qué es el “cliente de minería” y cómo funciona? Además, ¿cuánto suministro de PHA está reservado para la minería y cómo es el proceso sobre cómo recompensará a sus mineros?

Marvin (Phala Network): Phala es la evolución de la idea de la minería de CPU. Bajo Phala, el consenso lo realiza un conjunto de computadoras con seguridad proporcionada por Proof of Stake, y el trabajo dentro de las transacciones (el código y los scripts) lo realizan diferentes trabajadores de CPU de red. La red de trabajadores de CPU que puede crecer tanto como sea necesario. Y dado que esa red de trabajadores no impacta en el consenso ni en la velocidad de la cadena, la red no necesita ser castigada aumentando la dificultad. El sistema Phala recompensa el trabajo en lugar de castigarlo.

Las CPU aún necesitan demostrar su valía para unirse a la red, pero lo hacen de forma criptográfica utilizando herramientas integradas en las CPU modernas (atestaciones firmadas). Probarse a sí mismos criptográficamente casi no requiere tiempo de CPU ni electricidad

https://github.com/Phala-Network (https://github.com/Phala-Network)  Como puede ver, ¡la base del código Phala tira mucho durante los 12 meses completos! En 2020, POC-2 testnet lanzado (terminado): Hubo más de 19,000 transacciones en cadena, más de 1,000 nodos mineros, cubriendo más de 90 ciudades en 30 países y aumentando las comunidades francesas, españolas, vietnamitas y bengalíes.) ¡Como puede ver, el código base de Phala tira mucho durante los 12 meses completos! En 2020, se lanzó (finalizó) la red de prueba POC-2: hubo más de 19,000 transacciones en cadena, más de 1,000 nodos mineros, cubriendo más de 90 ciudades en 30 países y aumentando las comunidades francesas, españolas, vietnamitas y bengalíes.

P4 del Usuario de Telegram @KASG95

Tras el lanzamiento de Phala en Polkadot, ¿qué otra actividad y objetivo tienes? Si tiene uno, ¿por qué no lo indica en la hoja de ruta de su proyecto? ¿o aún no te has fijado tus objetivos?

Marvin (Phala Network): El año pasado, nuestro roadmap es muy claro: https://medium.com/phala-network/phala-roadmap-of-mainnet-and-parachain-auction-d85066306d60 De acuerdo con esta hoja de ruta, podemos ver que hay mucho trabajo este año. Para ser más específicos, vamos a:

• Únir a la red de prueba Rococó, iniciar el puente Libra y preparar el lanzamiento de la red principal previa (Darth Vader).
• Preparar la subasta de tragamonedas parachain en Kusama y Polkadot
• Lanzamiento de la red principal de parachain.

Después de eso, haremos lo siguiente:

• Intentar ejecutar WASM en Phala TEE.
• Lanzar un contrato inteligente confidencial general, Web3 Analytics, y completar la gobernanza descentralizada.
• Construir herramientas para los trabajadores de TEE, esperamos cooperar con cinco grupos de minería para conseguir al menos 10000 trabajadores de TEE que minen para Phala
• Lanzar Darkpool en Kusama.
• Desarrollar más de 50 desarrolladores activos.

Finalmente:

• Planeamos lanzar nuestra arma más PODEROSA: Lanzar Privacy Cloud Platform.
• Creo que la nube de privacidad reemplazará a Amazon y la nube de Google como alguien en tecnología que ha utilizado esas plataformas: son anticuadas.

P5 del Usuario de Telegram @KeymerS

¿Estos controles inteligentes privados proporcionados por Phala ya serán auditados por completo? ¿O requiere que cada proyecto que utiliza sus contratos se encargue de llevar a cabo el proceso de auditoría?

Marvin (Phala Network): ¡Muy buena pregunta, gracias! Creo que esto es tan complicado como si el equipo central de Ethereum auditará defi. Pero creo que la primera comunidad de Phala apoyará los contratos inteligentes confidenciales completamente auditados, pero debido a que el costo de la auditoría de contratos inteligentes es tan alto, intentaremos automatizar las auditorías o las acciones económicas para garantizar que los contratos maliciosos paguen los costos correspondientes (como apostar PHA). Monedas para proporcionar una mayor reputación de contrato).

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Para más información y futuros AMAs, únanse a nuestras comunidades:

• 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 

Nuestros invitados:

• Phala Español: https://t.me/phalaspanish
• Phala Network Official: https://t.me/phalanetwork
• Twitter: https://twitter.com/PhalaNetwork
• Website: https://phala.network/
• Wiki: https://wiki.phala.network/
• Medium: https://medium.com/phala-network
• Contrato: https://info.uniswap.org/pair/0x8867f20c1c63bAcCEc7617626254a060eEb0E61e

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 Amplify and our guest was AMPT Eugene tan – @AMPTet. The AMA took place on the 8th of 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&WebSite

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Amplify! Welcome to Satoshi Club😀

D. | Satoshi Club:
Our today’s guest – @AMPTet ! hello, thank you for joining us!

AMPT eugene tan:
Hi all, is my privilege to be here.

D. | Satoshi Club:
Hello! 😊 how are you doing?

AMPT eugene tan:
Am good.. thank you. Hope all well at your end and the members too.

Mary | Satoshi Club:
Let’s start our AMA 🚀 And as usual, we will start with an intro! Could you please introduce yourself and tell us more about Amplify?😀

AMPT eugene tan:
Sure, Mary. Hi all, my name is Eugene Tan, am the CEO of Amplify. I started Amplify in 2020 along with my co-founders. The reason being we firmly believe that there is a more sustainable way in doing supply chain financing moving forward. We empathize with the SMEs and the financing problems they face are very real but with little redress as of now.

Mary | Satoshi Club:
You have great goals!

D. | Satoshi Club:
Amplify is your first project in crypto?

AMPT eugene tan:
Not really, prior to this, I was handling a crypto project which was ICO in 2018.

Mary | Satoshi Club:
Was it successful?😀

AMPT eugene tan:
Well, the project got quite a lot of followers and investors, but it did not reach the success of Ethereum, LTC that level of success.

Mary | Satoshi Club:
Gotcha! But now you have a good experience. How big is your team?😀

AMPT eugene tan:
Yes, throughout this period, my team and I have learned from the mistakes we have made and this is why we don’t believe in creating protocols like others where it goes to crypto speculation. We are focused on real business applications. As of today, we keep our team lean. We have more than 10 including advisors and we are growing as we speak.

D. | Satoshi Club:
Could you tell us briefly in this intro, what is Amplify all about? And what problems are you aiming to solve?

AMPT eugene tan:
Sure. Amplify is a B2B2C or C2B DEFI protocol that focuses on supply chain financing through the lending of cryptos. we all know there is a huge TVL in the Defi space and all these assets can be put to better use in servicing real business needs and helping the global economy. We want to help corporates SMEs to get avenues of financing more efficiently. An area in which they have been sidelined in today’s context.

Mary | Satoshi Club:
Awesome! Thank you for your intro! And let’s dive deeper into the details with the questions from our community 😀 Ready?

AMPT eugene tan:
Yes.

D. | Satoshi Club:
Q1 from Telegram user @meml97
While reading your whitepaper I saw that In order to solve the supplier finance-related problems, you have created an innovative decentralized network architecture based on blockchain for B2B2C. Can you tell us more about this? How will this solution work and what makes it so innovative? What advantages does Amplify have thanks to this architecture if we compare it with other projects that are similar to Amplify?

AMPT eugene tan:
Thanks for the question @mem197, in today’s context, there are a lot of individuals like yourself who hold cryptos and of cos, u are holding for capital gains. of course, you can also stake or lend out the cryptos for trading purposes. Instead, we are harnessing your assets and transfer the economic value to business needs, helping SMEs to improve their operating cash flow, thereby generating more revenue and creating more jobs.

Mary | Satoshi Club:
What other crypto projects do you consider as your closest competitors?

AMPT eugene tan:
In today’s context. there are a number of platforms using blockchain to solve supply chain financing needs but in fiat. there are few using crypto but focus on institutions. we believe a true disruption is to have both the lenders(which is u) and the users(borrowers) as the main beneficiaries. the protocol is only a tool in matching. out value proposition is not about the technology but the value proposition. There is a number we have seen like Tinlake, Trade plus 24, etc.

Mary | Satoshi Club:
Not so many😀
Thank you for your answers! Ready to go to the next question?

AMPT eugene tan:
Shoot.

D. | Satoshi Club:
Q2 from Telegram user @NataliyaKil
On your site, I drew attention to the location of your partners on the geographic map of the world. Flovtec Switzerland, Wizkey Italy, Emirex Estonia, Holdex Hong Kong, Xlog Singapore and X10-Academy Moscow. They are all centered on one continent. Do you plan to conquer other continents? Are these your only partners? Have you already achieved an off-chain and on-chain partnership with them and what are the goals of partnering with each of these companies?

AMPT eugene tan:
Tq @NataliyaKil, of cos we have plans to expand but we are mindful of one thing. this is not a C platform. Our target users are the B sector and unlike in a C platform, you go for the explosive start with a big bang. Conversely, we need to ensure success and safety in the transactions. And from there onwards we will scale sustainably. With each of the corporate partners, they play a different role but all of them important in building this ecosystem together. We are still on the lookout for other partnerships which will aid in this goal.

Mary | Satoshi Club:
How many partners do you currently have? Can you name some of them?

D. | Satoshi Club:
What kind of partners are you looking for? Are they all should be from the financial sector?

AMPT eugene tan:
The partners are mentioned above. but as of now, we are still discussing with others. until there is an MOU signed, i can’t disclose as of now.

In terms of partners, not only financial. it can be the tech side like the Chain, the insurance aspect as well as exchanges or NEO banks in transferring fiat money to users.

D. | Satoshi Club:
👍 Thank you for the answers! ready for the next question?

AMPT eugene tan:
Yes, sure.

D. | Satoshi Club:
Q3 from Telegram user @cryptofollower
The transformation of traditional finance into defi is not an easy job. As Amplify focusing on small and medium businesses for lending mostly, what kind of difficulties are you dealing with right now on borrowing and lending processes for SMEs and business to business financial resources?

AMPT eugene tan:
Crypto is still not widely used in business transactions as yet. thought overtime it will be. More so for SMEs, they are generally more traditional and are not easy to convince. hence we need to design in such a way that they don’t have to worry about the crypto aspect. all they need to know is the ease and the cost in getting the financing.

Mary | Satoshi Club:
Do you need any licenses for your business?

AMPT eugene tan:
Of cos, the other issue is on the DD part of the SMEs. as a protocol, we need to be nimble and hence cant and will not work on huge compliance and DD procedures, otherwise, it defeats the purpose. On the other hand, we can’t be too free in matching the loans at the expense of the lenders. As of now, there is no need for the license as we are only a protocol.

Mary | Satoshi Club:
That’s good news😉 Ready to jump to the next question or you want to add something?

D. | Satoshi Club:
But in the future, you can face some issues from the regulators’ side? it can be a problem when you trying to combine traditional finance and DeFi.

AMPT eugene tan:
Yes, in fact recently FATF has also made some recommendations in this aspect. I think like any other business, nothing is constant and hence we will need to evolve along the way. The most important principle is that we are not doing illegal and if there are more regulations, it will mean more work in screening, incurring cost and time. otherwise business as usual.

Mary | Satoshi Club:
I am sure you won’t do anything illegal😀
Ready to proceed?

AMPT eugene tan:
Yes.

D. | Satoshi Club:
Q4 from Telegram user @victorogb
AMPLIFY uses a curved auction based on Ethereum Smart Contracts to produce the AMPT which is basically an auction algorithm that determines the price of the AMPT token during an auctioning round as against the number of tokens sold. How viable is this process, and how will it guarantee true liquidity and stability to the AMPT token?

AMPT eugene tan:
Tks for the question. at the time when we worked on this white paper, we feel it very viable. But over time, the dynamics have changed and we are already working on a new tokenomics which belief will be better than before. this version will be released soon. pls, stay tuned.

Mary | Satoshi Club:
Will it be a big change or you will change only some details?

AMPT eugene tan:
I will say quite a fair bit of change..for the BETTER.

D. | Satoshi Club:
So AMPT token is not out yet?

AMPT eugene tan:
Is mined, but not in circulation. once we launch our v1.0, users will be rewarded accordingly.

D. | Satoshi Club:
Oh, gotcha, nice! 👍 then we will be waiting for the release 😉

Mary | Satoshi Club:
Thank you for your answers! Ready for the next question?

AMPT eugene tan:
Ok.

D. | Satoshi Club:
Q5 from Telegram user @lukacy
AMPLIFY is well connected to traditional financial resources by connecting large numbers of SMEs to loan and Credit. How did you work this out? To get a Credit, you need collateral, what solution do you have for this? Will an off-chain asset be used as collateral or an on-chain or maybe a mixed? There is also the issue of verification, how would you verify users?

AMPT eugene tan:
Hi, we are not the banks and we cannot take the collateral ., the only collateral per se is the invoice whether you are using it for borrowing or factoring.. hence this is where due diligence is important. we partner with “tokenizers” who help us to do the screening, be it KYC or AML. as we progress, we will also work with credit bureaus or maybe social media analytics for further verification. this is built for the community and has to be by the community. if there is a community that can play a role in helping facilitate the transaction, we welcome it.

Mary | Satoshi Club:
So, you’re looking for ‘tokenizers’ partners? Or already find some?

AMPT eugene tan:
Yes, we are looking. The more the merrier..but the ones who are “serious” 😊

D. | Satoshi Club:
Thank you for the detailed answer! and the last question from this part! 🙌

Q6 from Telegram user @Winner_don
As a financial B2B2C lending platform, who sets the lending limit, interest rate, payback time, e.t.c. How will your project work satisfy both parties – the lender paying on time and the lender getting a loan with a low-interest rate. Is there a reward for both parties in a way that would encourage them? And for those that just want to hold and or farm the AMPT token, what is their reward?

AMPT eugene tan:
Great question. as mentioned before, this protocol is by the community, we only facilitate. hence we will propose rates that will be voted by the council (represented by the community basis number of tokens) of course.

Mary | Satoshi Club:
So, far everything is in the development process? When do you plan to start the voting process?

AMPT eugene tan:
And to encourage both the lenders and borrowers, they will be rewarded with the AMPT after each transaction. and these reward tokens if not transferred out, can be used to reduce the fee to the protocol. this likens to reward points.

Yes, currently is in the development process. we have launched community testing of v1.0 yesterday and we are getting a good response. We hope to have more support in this. Just wanna share here, pls follow us closely below on Amplify updates.

D. | Satoshi Club:
So everyone can participate? In testing.

AMPT eugene tan:
Also, please mention, that the current amplify community is here:

🔘 Twitter https://twitter.com/ampt_defi
🔘 Discord https://discord.gg/yv4Muwya
🔘 Telegram chat: https://t.me/ampttoken
🔘 Telegram channel: https://t.me/AMPT_DeFI
🔘 For the testers, we have a group managing the tokens and also issues in Holdex https://holdex.io/x/amplify

Amplify helps individuals and SMEs to get liquidity and makes supply chain financing more inclusive and democratic.

Sure, everyone can participate, just need to sign up.

D. | Satoshi Club:
Cool!
@AMPTet thank you for the great answers in part 1! are you ready for the next part of AMA? 😉

AMPT eugene tan:
Yes.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @AmirJosh

Amplify is not about the technology but is about the business case and a vision of financial inclusion for businesses. So you Amplify will not gonna develop some kind of new technology for your platform but will utilize what is already available and build a business plan or create a bridge to make transactions of banks, cryptocurrency and business efficient and more inclusive to SMEs?

AMPT Eugene tan:
Yes. We don’t believe in reinventing the wheel, which is why is open-sourced.

Q2 from Telegram user @SPAZEEEE

Each project has the main focus to develop the project so that it progresses and develops. Of course, your project has good fission and mission. Can you give users an overview of your project’s fission and mission?

AMPT eugene tan:
VISION
To build a sustainable, bias-free and inclusive financing system powered by decentralized innovation.
MISSION

To provide SMEs with a sustainable alternative financing method by involving digital assets investors.
Amplify believes that through Decentralized Finance (DeFi) we can forge a win-win B2B2C relationship between SMEs and community investors, achieving the needs of all parties and building a sustainable and efficient economy.

Q3 from Telegram user @highpee

👋Hello. In one of your weekly Defi topics publication on your medium, you wrote on NFTs and how they can be utilized for many financial purposes. However, I have not seen any NFTs implementation planned on Amplify. Is there no way AMPLIFY can deploy NFTs in tokenizing the value of off-chain lenders’ assets? Don’t you have a plan to introduce NFTs into the amplify project?

AMPT Eugene tan:
The NFT will be tokenizing the invoices.

Q4 from Telegram user @Ratash99

Since AMPLIFY is a decentralized supply chain financial B2B2C infrastructure how will you attract crypto traders since one of blockchain’s main purposes is p2p trading?

AMPT Eugene tan:
I think crypto owners have a choice of how best to make their cryptos work for them. and I think social media like this as well as seeing success stories will give a boost to investors/crypto owners like you in making the right decision.

Q5 from Telegram user @cryptoneco

”Amplify helps individuals and SMEs achieve liquidity and makes supply chain finance more inclusive and democratic.” So, are you likely to encounter legal restrictions on this issue? There are different legal regulations in each country. Is this a problem for AMPLIFY?

AMPT Eugene tan:
Yes, this is a real potential problem but I do think such issues will elevate into opportunities. The regulation is more of ensuring no leakage, no money laundering and terrorist money. We just have to play our part and work with the regulators and not against them.

Q6 from Telegram user @Robotliker1

What are the ways to get AMPT? When will it be available to buy?

AMPT Eugene tan:
Yes, in time to come it will be listed. But as of now, suggest you participate in our campaigns to earn them.

Q7 from Telegram user @feranno

If the project is not listed within 6 months, Amplify will get the tokens back at a 20% higher price,” the announcement you posted on Reddit. you say. What are the chances of this possibility happening? If so, how will you fund the repurchase?

AMPT Eugene tan:
We hope not. We are working on a series of fundraising, private and then public. We are working towards listing by the time frame. Of course, will need all your support.

Q8 from Telegram user @NataliyaKil

Most recently, in an article by Bloomberg, AMPLIFY advisor Nizam Ismail (founder of Singapore-based Ethikom Consultancy) spoke about the world’s regulators’ changing approach towards cryptocurrency. Can you elaborate on what kind of interview it was and what your advisor is concerned about?

AMPT Eugene tan:
Well, I will think that his concern is being over-regulated will kill innovation which is something we don’t want.. on the contrary, we can’t be too open about it, where to strike the balance.

Q9 from Telegram user @Trilogic3

🌄🌄🌄What are the forward projects that AMPTet will launch in the near future? Are all projects audited and guaranteed security?

AMPT Eugene tan:
Yes, we will come out soon for the factoring of the invoices. Every system we roll out will ensure audits for security and safety.

Q10 from Telegram user @adaatalay

The race for success in crypto is a very long marathon and you can never do it alone. What is your opinion on the partnerships and collaborations you need? When will you give priority to partnerships?

AMPT Eugene tan:
Yes, I firmly believe in collaboration. We are not alone and amplify is about collaboration with partners who have the expertise in building the ecosystem with us.

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.

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Our partners:
🔘 Twitter https://twitter.com/ampt_defi
🔘 Discord https://discord.gg/yv4Muwya
🔘 Telegram chat: https://t.me/ampttoken
🔘 Telegram channel: https://t.me/AMPT_DeFI
🔘 For the testers: https://holdex.io/x/amplify