We are pleased to announce our next AMA on May 12th 2021 at 03:00 PM UTC Time: Satoshi Club x SolarFare Finance
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join SolarFare Finance Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. SolarFare Finance Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about SolarFare Finance
For more details:
SolarFare Finance Website – solarfare.io
SolarFare Finance Telegram – @solarfarefinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
One of SolarFare’s product is a Launchpad
where users can join or start their presale with Solarfare, so how does your launchpad work, what will be the requirement for users who want to participate in presales and for those who want to have a presale on solarFare’s launchpad, does this launchpad come with any new or unique features you will like us to know, and is this launchpad active yet…
SolarFare’s staking dApp is now fully working and with this, users get to stake their SLF to receive BNB as rewards, so can you explain how your newly launched staking dApp works, what are the requirements to participate in your staking, at the moment your rewards are in BNB do you have plans of rewarding users with other tokens in the future?
Everything about SolarFare at the moment is being done Around the Binance Smart Chain with your Charity donation also being done to the Binance Charity.. does this mean that SolareFare has no plans of integrating it’s product across other chains.. if it does have plans to do so, what chains will you be considering and why, but if all your products will be on the Binance Smart Chain, why will your products be solely on the Binance Smart Chain..
SolarFare Finance recently achieved a great milestone in it’s development with an official listing of the SolarFare token; $SLF on both coinmarketcap and coingecko. This grand unveiling and the success achieved in less than 24 hours of this listings, directly gives credence to the integrity and innovative vision of the SolarFare Finance project. Drawing from the obvious success of this remarkable event, how will SolarFare Finance properly market and push massive adoptions and use of it’s services to new and existing users, and are there plans for future tier-1 exchange listings?
After studying your project, I am not too convenient with your plan with governance as you said governance will have no place in the Solarfare ecosystem because you see it as an unhealthy practice that doesn’t encourage total decentralisation and trustlessness. I tend to oppose this view as I believe governance is one of the crucial pillar of Defi which gives the larger community of investors an avenue to contribute opinions and suggestions on issues such as transaction fees, product features and other project improvement areas. Will this be subject to change later? What role are to be played by your community in your project? How valuable is community to you and how will you ensure community participation in important aspects of project development?
Solarfare charges 8% tax per transaction which is somehow high based on my own perception. However, I can see that you are using half of this tax to fund your staking contract which is used to redistribute $BNB to stakers. Why taxing $SLF user when they make transactions only to use half of this to buy BNB which are rewarded to stakers? Why is yield generation event only limited to BNB, out of several other coins and why don’t you offer $SLF yield mining reward? Won’t this looks like you are promoting $BNB more rather than $SLF? In what way will this benefit $SLF holders and what innovations do you intend to initiate to encourage holding of $SLF?
Solarfare is developed on the Binance Smart Chain and I can see that your project focus currently surrounds LP acquisition, staking function and DApp for holders. With the diversification of crypto, NFTs are gaining high momentum day after day and many projects are deploying NFTs to function in various utility. But after examining your project, I have not been able to find a role that NFTs will play in your platform. Does this means that NFTs has no place in the current set up of Solarfare? Are there no ways you can integrate NFTs with your protocol and deploy it to provide users with diverse array of utilities?
SolarFare Finance is currently been audited by two renowned companies; Solid Group and TechRate with one more comprehensive audit scheduled for June 2021. Why has SolarFare opted to get a total of 3 separate audits and auditors through the course of her project development, and apart from the necessary audits on books and smart contract, what unique security measures and features will SolarFare Finance integrate into it’s platform, to be provided onwards to prospective investors and users?
There have been an increase in lack of trust and confidence for fund raising process among participants of the fund raising process , accusing the process to be unfair. How is your Launchpad platform going to make fund raising fair and transparent to secure participants confidence, thereby maintaining your platforms integrity? What are the requirements for project owners who intend to use your Launchpad platform? Thanks.
SolarFare’s roadmap indicated for the month of may, Marketing with Crypto Influencer while the month of june indicated more marketing. Tell us more about this marketing and the benefits it will bring to the platform and the community users. Thanks.
For project owners, you said you will charge 1% of the total raised BNB amount, 20% of this amount will be distributed to stakers + 30% will be used for buy back and burned, the remaining 50% what will that be for? How is your Launchpad function unique?
What will the common use be for this token?
it is true that for the users something very important, in any project in which they want to invest, is to know that their funds are totally safe in these, but I consider that the projects are never 100% safe, so I would like to know, how prepared are they to face any security problem that may arise, what guarantees do the users have that they will respond to any loss they may have, such as if they are hacked?
Are you planning to do a manual burn of the tokens?
What’s the percentage of the tokens owned by the team, and are these tokens locked? If, for how long?
What are your plans to push the platform to major exchanges and future plans after a year?
Also will you be showing your face or faces to build trust and promote the token more? Thank you!
How is the valuation of the token handled, what elements characterize it that will not allow its value to decrease and, on the contrary, help it to increase little by little?
Sir
1 Can you celebrate birthdays of userto give reward on thire birthday. I request you to celebrate birthdays of user.
2 any planning to do charity to covit india pedantic situation.
3 any planning to list in binance .
Apparently security is very important to Solarflare since you’ve made three different auditions with Certik, Solid Group and TechRate, why so many audits? what are the top security strengths on this early stage of your project?
You have settled a 8% of tax per transaction, isn’t the lowest but you also aim to donate a 1% of these taxes to the Binance charity wallet, to what causes is Solarflare particularly interested to make donations? will it be random or will your community have a vote on the choosing of this taxes destinations?
for 4 holder first address on bsc
can we trust ? Will you withdraw in the future ?
please explain.
thanks
Donations such as those raised by SolarFare Finance are usually a very delicate issue, since I believe that very few projects have a really transparent donation system, so could you tell us about how you handle this particular issue, tell us what motivated you to include donations in the project, how these donations are handled and how you can guarantee users that you are really sending these funds to where you claim to send them?
in the roadmap they assure that by this month they will have the staking DApp, can you tell us how developed it is actually, how dynamic and easy to use it will be for the users and with which systems it is compatible?
How is the Launchpad service offered through SolarFare Finance different from those already on the market, why should they choose yours over your competitors’?
On your tokenomics I noted that your team will only receive a small percentage of the token allocation, so is this one of these experimental projects? what are the main objectives of the founder team? can you tell us more about you and your experience in cripto?
Can you explain a bit about the concept of Decentralized KYC for artists? How this feature can benefit certain users? Will Polkally use a third party or build the system by yourself?
Your BNB solo staking seems interesting, barely enough for me to throw 2.5 bnb into the project, however, how will your launchpad do better than other launchpads currently on the market? What does it do differently to give it a competitive advantage?
Can you explain a bit about the concept of Decentralized KYC for artists? How this feature can benefit certain users? Will SolarFare Finance use a third party or build the system by yourself?
How secured is SolarFare Finance’s smart contracts code, did you ever audit it via any third party? What has been the biggest challenge you have faced in your project development?
I am a professional vulnerability finder on the web, do you think Your system is secure enough from hackers? Does your project have a program that rewards individual vulnerability detection of the system??
Solarfare holds stake SLF and get BNB, does SLF have nothing to lose? because it is in large numbers and what are the advantages in terms of SLF?
In the current market there are much platforms/projects which are widely used so what are your plans for its more adoption- which attracts users eye? currently , What are the problems does SolarFare Finance is facing ?
You state on your website “Do not touch customer funds or the keys of their smart contract.” How do you guarantee that users within SolarFare Finance are completely safe and free from malicious attack? How do you proceed a KYC on a Decentralized Exchange?
how solar staking works
SolarFare recently announced a donation over 100 BNB to Binance Charity. That’s really big number. As I research about it I see 1% of the transactions are donated directly to the Binance Charity Wallet. First of all could you please explain us what is Binance Charity and what they do? Also in the future; are there any governance mechanism to change the location of this charity or the amount of the charity?
Solarfare provides really handful tools for users to use SLF tokens on its DApp. As I see there are over 4k holders and 42% of total supply is in staking! People not only buy and hold SLF tokens but also stake them. How did you achieve this huge success? Why people love to stake SLF tokens? Could you please explain the features of the Solarfare DApp?
Solarfare (SLF) is a BEP-20 token with LP acquisition, staking to earn BNB, and charity donations to the Binance wallet.Speaking of charity donations ,can you explain more about what kind of charity you are going to focus in donating? In which funds that this donations are coming from? Aside from Binance Smart chain,do you have plan to integrate other chains in the future for other options of traders,as we know so far now, BSC is also congested just like ETH and the gas fee is slowly charging higher transaction fee than before? If yes,what would it be and when can we expect it? Thank you
what will happen when all the coin are stock (in 2 days already 52%)……no trading no rewards…..can you explain what next? thanks
Solarfare is just started last April 2021 and after a month you have a lot of milestone like a successful audit, a successful presale and $SLF token is already listed in Coingecko and Coinmarketcap and it is available to trade in Pancakeswap,more to this is the new ath almost every hour after listing and $SLF toke reached over 20million cap and it took only a month and a half for that all milestone in your platform. So for this fast accomplishments in Solarfare ,can you tell us your motivation and secret of success from the team? Since you achieved more in just a short span of time,do you think investors and community has more expectations on what Solarfare to achieve more in this coming months? How will your platform plan to exceed what is expected or to accomplish according to roadmap? What are the things that we can look forward in Solarfare for this coming months? Thank you
I read that Solarfare project supporting the BCF ( Binance Charity Foundation). Actually what kind of Charity BCF do in there and why Solarfare want to participate? Also how is the way if your community want to participate donation for BCF?
I see that Solarfare have feature to stake your token $SLF and rewarded with BNB. Can you explain how does your stake mechanism work? If we stake $SLF, can we unstake it anytime without penalty?
Solarfare is a BEP20 token, actually I already see so much token which use copy paste code from other exist project and change a little to make it different. So how about Solarfare project, what makes you different? Also what are the use of Solarfare token ?
You have certain conditions for project owners who want to join or start a pre-sale with Solarfare. In addition to owning an SLF (prerequisite), they also pay tax. Could you tell us more about this?
Amazing project. I wanted to understand the overall dynamics of the staking. How does it work? You allow users to withdraw anytime and how can one earn BNB over a period of time by taking an exampl – if suppose 20000 slf staked.
Currently, over 50% of the total supply of SLF is staked, what happens when it gets to a point where 90-100% of the total supply is staked? Since BNB is the current incentive to reward investors/hodlers of SLF, how then will they be rewarded if there are no buys/sells which is the driving force for getting rewards in this project by giving out BNB. Will more SLFs be minted/added to the pool in the future?
What is our future targets?
What is our price prediction
What is our road map?
Future road map
Price production
Future aim
many cryptographic projects appear with interesting ideas, objectives and proposals ranging from DeFi innovation, charitable tokens, the NFT market and its dynamic variants among other applications, What does your project contribute to the cryptographic ecosystem in general and how does the community benefits from your project?
Blockchain in its core is a distributed ledger. But everything need to be audited by a third party is important to ensure faurther security. Have you done an audit or planning for?
Will you establish a legal entity in the United States?