We are pleased to announce our next AMA on May 21st 2021 at 03:00 PM UTC Time: Satoshi Club x DeFi11
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DeFi11 Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DeFi11 Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about DeFi11
For more details:
DeFi11 Website – defieleven.com
DeFi11 Telegram – @defi_11
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
How do your company plan on building ecosystems for Token and how can we buy your token? Do we have to go through any criteria? Is it available in any IDO and what plans do you implement in increasing it’s usage in future?
Your project is Defi 11 and I read that you intend to release 11 different sets of games. I can see that you already have Indian Cricket Series (IPL2021) as part of the games that are currently onboarded onto the platform. What does the 11 in your project name represent and why will the games that you will be projecting only limited to 11? What are the consideration you look at when adding games onto the platform and will it be possible for community to have a say on the type of sport that should feature? How are your contents designed to provide an immersive user experience for both passionate gamers and reward seekers?
There are some job openings that you are currently advertising on your website. 3 positions which are being advertised are Blockchain Engineer, Frontend Engineer, and backend Engineer. I know that your project target market is Indian and the current team members are Indian. Are the applicants you seek expected to have ties with Indian or Asia? What will be the procedure to submit a successful applications? Are there any geophysical restrictions where potential job seekers should come from? Lastly, are applicants expected to work remotely or do the team gather physically to work at a location?
Defi 11 is a gaming platform to be safe from fraud and lack of transparency in centralized fantasy sports applications. You offer solutions to the problems derived from other conventional gaming platforms. these solutions are:. Complete decentralization and transparency, User anonymity is maintained, No market manipulation, P2P transactions, no house involved. Can you briefly tell us about each of these solutions?
Defi11 has the following features: Fantasy Sports, Betting, NFT Games, Liquidity Funds, Prediction Contracts, Stake, Exchange, Reward and Incentive. Can you talk about each of those characteristics? how does it work?
Things like fantasy sports require mass adoption, which means they should be extremely simple to use. How would DeFi11 solve the usability and complex steps that the blockchain-backed concept would entail?
Tell us about the way in which you have calculated the valuation of the D11 token, what are the supports that will sustain its value in the market and how do you guarantee that it will remain sustainable over time and that its value will tend to increase?
It caught my attention that while taking a look at your roadmap, I saw that you have plans of releasing “Virtual World Beta”, could you tell us more about this? On what will this virtual world be based on and what will it’s main function be? What will it offer to users that will make it appealing to them?
I read that DEFI11 will not burn a single percentage of its D11 tokens, so how can you guarantee to users that the token they have designed will have a good value over time, what elements guarantee that it will generate profits and that it will not lose value after the first few months of its life on the market?
I read that Defi11’s users will have the chance of changing or adding features in some NFTs, could you tell us more? On what NFTs will this be possible, and why can’t it be in all of them? What features will they be able to change, or add, and how is the process for it? How many changes can NFTs go through? Also, what are the benefits of being able to modify our NFTs?
Could you explain how fantasy sports and NFT games that we will be able to see at Defi11 work together, i.e. can NFT be acquired through fantasy sports, if so, can NFT be exchanged for other products that are part of the Defi11 ecosystem?
I saw on your tokenomics that you have destined 1% to “Value Advisor Token”, can you tell us more about this? What is this Value Advisor Token about? What is it’s main function and why did you only destined a 1% of your tokens for it?
NFTs are a very important part of today’s digital world, so what strategies are being designed at Defi11 to ensure that the NFTs that your users can acquire through your project have value not only within the project, but also outside of it?
In a previous AMA I made a discovery about your project, DEFI11 will have 11 games! Can you tell us about the categories you will be developing and the role of your DE11 token in the gameplay and access to each of your games? Will they all be about space and Aliens?
DEFI11 will definitely enter the world of NFTs with its own Marketplace, my question is will it be possible to access the market through the same App? Will it be a feature that we will see in your beta app that will be released soon?
Could you give a brief explanation on the things to do to prepare an industry for the challenges that may appear? What is the progress of these actions?
Could the structure of the D11 token be negatively affected by lowering its value? If so, could consequences appear due to this?
Do you plan to have a specific currency for the game environment? What differences would this currency have compared to the real money earned in gaming assets?
I see that this team is made up of various types of people, such as artists, developers and designers. Do you plan to open an academy to include new people with these virtues? If I am correct, do you have one or more test methods?
Upon registration, users/developers are required to stake a floating amount of $DF11 based on a fixed USD equivalence and earn reward points which they can use to access fremium gaming content. What is the pegged USD equivalent that users are expected to stake and by this, does it means that your fantasy sports will not be available for Non-Crypto/casual gamers that play for entertainment and not interested in staking? Also, you said users can loose their stake asset if they don’t act in good faith or exhibit bad conduct. What constitutes bad conduct? How will you monitor each user to identify this? If there is a penalty for bad conduct, do you have reward for early adopters and users who act in good faith?
There is something that I had not seen before in another DeFi platform and is that the fees for joining contests or taking part in prediction contracts on the D11 platform can be settled either in FIAT or D11 token, how do you expect to create a fiat gateway on your platform? I mean, can I pay with a debit or credit card using USD or EUR?
One of the functions of your D11 token is Grame Dev Financing and Loyalty payments, what do you mean by these Loyalty Payments? Will you have a reputation system based on games and contributions to your ecosystem? What will these rewards be like?
Defi 11 has done a recent collaboration with Tdefi . What benefits are expected from this tie-up and as I know Tdefi pledges a strategic investment too ? Can you tell us more about the investment type done by Tdefi?
One of the great features of Defi 11 is the Rewards and Incentives but it is not being detailed in your website,so can you explain more about it? How does this feature will gives a great impacts to gain more investors and supporters of your platform? What are the rewards and incentives be given and how can anyone be eligible for the rewards and incentives? Thank you
In a bid to solve the challenges that come with micro transactions, DeFi11 recently partnered with Biconomy to provide seamless cross bridge integration and gas optimization services, thereby making micro transactions extremely affordable to users. Can you carefully describe how this technology would work as stated, what will be the long-term benefit of this partnership to the DeFi11 community, and will this technical integrations be deployed on all of DeFi11’s available platforms and products?
Defi11 will help in making the iGaming experience transparent, accountable and auditable. So,can you tell us how will your platform going to achieve this three factors for iGaming?As a transparent, accountable and auditable iGaming experience, can you tell us how would this iGaming be look like? If this three aspects would be achieved,what good influences and impression will it bring to gamers of Defi11? Thank you
The DeFi11 native token D11 will enable users and token holders to fund the gaming operations of the platform’s developers by via DeFi11’s liquidity pool. D11 will keep a small margin of the interest rate on those loans and pass the remaining to the liquidity providers. Therefore how can users participate and contribute towards the liquidity pool, what are the minimum acceotable contributions, what percentage of this pools liquidity is used to finance this developer operations. As also stated, interest in the trade financing protocol will be payable in D11 tokens, can an investor opt for a different payment method?
Could you tell us what exactly are fantasy sports and what kind of fantasy sports games will you have? How will such sport events work, will result be random or depend on human players performance? Will users be able to track historic performance stats of their favorite fantasy teams to make educated prediction for the future games?
I’m intrigued by your name Defi 11 🙂 What does 11 mean, is it a number of original team members? Does 11 have any sacred significance like a lucky number? Please tell us more 🙂
You have a great many exciting new features and plans for the future in the roadmap. Could you please tell us more about the planned DAO governance token you aim to launch in a year? What primary usecases will it have and what roles will perform its holders? Is there a possibility of moving DAO release to be sooner or is it not a mission critical part of the platform at least for now? Thank you
I see you are launching your Beta App on 9 June 2021, 01:00 PM IST. May I suggest you to launch it at 11 June, to be catchy and not forgettable? What will be the features on your beta application? Also there are a version on your website for android uploaded to google drive. Why does it say copy and save your private key before updating the App? Are there a bug that’s resetting the wallet?
But the DeFi11 Foundation will provide you with an ecosystem that is already consumer-driven. That is, new games can completely minimize their penetration struggle in half with an already flooded market provided by the DeFi Foundation. What is the result of this merger? What characteristics does DeFi11 meet? What are your main goals? Why DeFi11?
One of the features of Defi 11 is solving the problem about manipulation of data and false reporting of daily volumes. About Fantasy Sports how can you prevent manipulation? How do you get real world updates and values? Did you create your own Oracle?
The main motto with Defi 11 is to make the gaming platform safe from fraud and lack of transparency in centralized fantasy sports applications. But currently there are big problems in the conventional system such as creation of false or false winners, manipulation of data and amounts of the reward fund, no audit and internal controls, no regulation and user privacy, among many other problems. What characteristics does Defi11 meet to eradicate or reduce this problem? How many solutions does DeFi11 offer? In Defi11 you get complete decentralization and transparency? Are transactions P2P on this platform?
Defi11 is DeFi powered gaming ecosystem, you mention one of your product is about NFT which popular right now name with NFT Virtual Hybrid world. Could you explain how does it looks like? Also what are the use of the NFT?
Defi 11 mention that your ecosystem have much type of games in your platform. fantasy sports, NFT Hybrid World simulation, P2P predictions, Betting, etc. My question, what is P2P Predictions? Is that kind of prediction game the winner take all? So what are the different with your betting game?
I see that DeFi 11 is a project come from India, I read from news that India government will prohibited to use cryptocurrency. So how do DeFi 11 try to solve this issue? How will you promote DeFi 11 in your own country?
1. What’s Defi 11
2. When will Fefi 11 be launched
3.How many games are on Defi 11
DeFi11 pride themselves on providing rich and refined experiences that their user base can enjoy and immerse themselves in. With these cutting-edge features, DeFi11 aims to provide a best-in-class experience to all users. Could you detail what are these multifaceted and innovative characteristics? Where is most of the money generated in gaming assets going? Can this generated cash be exchanged for fiat money?
1. What is Defi11
2. When will Fefi 11 be listed.
3. On what exchange will Defi 11 be listed
DeFi11 Foundation, an ecosystem of definition games, is launching its D11 Token built on the layer2 Matic Chain. The D11 Token that works as a unified token, can I use it in different games that are associated with the DeFi11 Ecosystem? What are all the uses of the DeFi11 token?
As a result of using DeFi11 more people will know about the newly developed games and developers or game development companies will not have to spend a huge amount on their branding and promotion. Marketing consumes a considerable amount of money and the DeFi11 Foundation has created a solution for it. Could you tell us a bit about this solution? What does it consist of? Will all game developers be paid? Do these new game developers or companies have to pay some listing charges and transaction fees every time tokens are used or redeemed in the D11 ecosystem?
The D11 token is a payment, wagering and loyalty token for the DeFi11 ecosystem and all its associated games going forward. Does the token provide additional functions? Could you detail us what are those additional functions that the token has? Among these functions do you have added financing to game developers and loyalty payment?
In white paper you are saying that contest rewards will be given in combination of Fiat currency and D11 token.Fantasy games most of time is highly rewarding,so when a winner get a big amounts of D11 token,he/she could want to sell big chunk of D11 token then price could go down.How you are looking to solve this problem?
In recent time different type of NFT projects are launching,are you looking forward to launch in app NFT projects like turning aDream team into a NFT?
You have a some kickback mechanism for buying NFT cards and decks on defi_11 marketplace and receive “kickback” in @defi_11 token, how is the value of these NFTs that can be traded determined? are they sold to other players or is there an auction system?
How can the community earn passive income with $Defi_11? What is the team’s strategy for creating price stability for the future? And how great is the level of development & adoption in this pandemic?
You point out that the ecosystem has various different games in there – fantasy sports, NFT Hybrid World simulation, P2P predictions, Betting, etc. So do u plan to add more fantasy games? Can u share please the upcoming updates of $Defi_11?
Is there any reward system? Can you explain the reward system, and how it all works? How does using your app benefit us as investors?
What are your plans for global expansion, is #DeFI11 only focused on the current market? Or focus on building and developing or acquiring customers and users, or partnerships?
Please, can you explain to us what you mean by “loyalty token” in less technical terms so that newbies or new comers like me can easily understand?
How will DEFI11generate profits to sustain the project and what is the revenue model? And how could it make a win-win for investors??
Currently, online fantasy sports offers the user misleading offers to get rich in a short time to extract the maximum value from customers, Do you have a Defi 11 plan, for this lack of transparency that guarantees the user to obtain the maximum benefit?
how can i earn passive income with @defi11? Do you have any plans integrating your project with NFT? Will there be the possible options to do staking and farming in future?
What is the utility and use-case of the native token? How do you plan to increase the demand and scarcity of the token?
Marketing strategy is very important for every projects. So what are your plan for this? How will you expand your relationships & build strong communities in both English & non-English speaking countries? Can anybody use this #DEfi11 project without Any restrictions or some are restricted?
How many people are using #Defi11 right now? What’s the volume processed through the platform?
As DEFI 11 do you offer any referral program for users to join and make some money from there?
Demand – which is important for investors. How will demand of #defi11 token increase in the future? What should you do to increase token demand?