We are pleased to announce our next AMA on May 28th 2021 at 03:00 PM UTC Time: Satoshi Club x PolkaCipher
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join PolkaCipher Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. PolkaCipher Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about PolkaCipher
For more details:
PolkaCipher Website – polkacipher.com
PolkaCipher Telegram – @PolkaCipher
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
One of PolkaCipher main products is eData which secure Data collection for businesses. My questions are how to access eData and how many tokens do users need to stake to activate the locker ? “These NFTs can be minted privately or publicly based on the user’s choice.” What are the differences between minting privately and publicly ? What are benefits ?
While looking for information about PolkaCipher, I read that the platform has as one of it’s security methods something called Polkacipher Identity (pID) which is a unique ID assigned to each user. Can you tell us more about this pID and how does this ID system work? What makes it unique? Is this pID needed for every product and feature within PolkaCipher’s platform? Also, speaking of security methods, what other measurements does the platform have for protecting it’s users?
It caught my attention that on your Medium page there is this article announcing that PolkaCipher will migrate from Polkadot to BSC, can you tell us more about this? Why did you decided to change to BSC, what reasons made you take this decision? What advantages will this migration bring to the platform and to it’s users? Also, it made me curious, once you’ve finished the migration, will you change the project’s name as it’s related to Polkadot?
I saw on your Docs that PolkaCipher will have a Reward and Penalties Distribution system, can you tell us more about it? How will this system work? Who can receive this rewards and what do users have to do in order to receive them? Also, what can we do with such rewards? On the other hand, what actions within the platform merit a penalty? When users have penalties, what things they won’t be able to do on PolkaCipher?
PolkaCipher’s motto is “privacy is not a choice, it is a right!” Which brings us to the question: Why choose PolkaCipher? What are the elements and mechanisms that allow PolkaCipher to achieve high levels of privacy for its users?
The goal at PolkaCipher is to offer a set of cross-chain applications that operate securely for enterprises and enterprise-level enterprises seeking the ability of blockchain to scale to web3.0 with a fully community-owned decentralized organization (DAO). . Can you tell us what are those applications that polkaCipher offers to its users?
PolkaCipher has major features include NFT Privacy, a community autonomy based data matching mechanism and general privacy protection for Defi applications. Can you tell us about each of these characteristics?
I read on your roadmap that for Q2 2021, you have marked as one of your goals “Token sales and listing”, and as we already are on Q2 of 2021 I tried to look for more information about this events but couldn’t find anything related to them, so, could you share a little bit more with us about this upcoming events? When and where are this token sales expected to happen? How will users be able to join them? And speaking about listing, where will we be able to see your token listed? When will it happen?
When I was looking for information related to PolkaCipher it caught my eye the fact that there are two roles on the ecosystem called “Verifiers” and “Sub-verifiers”, what really caught me was the fact that you said that this people is chosen in secret. Could you explain this two roles to us a little more? What function do they fulfill within PolkaCipher’s ecosystem? Why are they chosen secretly and not with the community’s opinion? Also, if someone wants to be consider as a candidate for that role, what requirements do they must complete?
I read that one of the things PolkaCipher is aiming to do this year, is launching it’s own Mobile Apps, could you give us a little more of an insider look into this point on your pipeline? Do you have plans of creating individual apps for each one of your products or just one with everything on it? Will this apps be available for both Android and iOS users? When will we be able to see the first prototipe of such Apps?
One of your aim is to bridge the gap between off-chain internet economy and on-chain blockchain decentralized application. In order to achieve this, PolkaCipher will be relying on verified vendors to provide accurate and trusted data… so what vendors are you working with, how will the vendors be selected and what do you look at when selecting vendors to work with ..
Some of the solutions PolkaCipher provides for users are; Loans on NFT’s, a DEX for private swaps called CipherDex which appears on your roadmap, and a digital locker secured by NFT’s.. can you explain how this three solutions work, how can users collect Loans on NFT’s, and how will the DEX for private swaps called CipherDex work.
PolkaCipher is said to have a community autonomous Data Matching Mechanism that will use smart trackers to match the input data with the output data.. this is so as to ensure accuracy in the data that passes through your platform, so how does this community autonomous Data matching mechanism work, and what is the role of the community in this mechanism.
CPHR token can be used along with bNFTs to fund NFTs for transaction or to be used as collateral for loans and receive salary. Can you explain to us how this works on your platform? Do the loans attract some kind of interest? Are all holders of CPHR and bNFTs eligible for the loan and recieve salary or only specific individuals in your ecosystem?
I was able to read in a PolkaCipher media article that they are a cross-chain Oracle focused on NFT privacy for business, community governance, multi-chain interoperability, and on-chain Defi applications. What are you looking for Polka Cipher? What are the collective benefits that this platform provides? What is the main objective of edta platform? Why are they referring to bNFT and not just NFT? What is the difference between these 2 terminologies?
PolkaCipher is a cross-chain privacy preservation project in the Polkadot ecosystem. Its main objective is to expand NFT and DeFi applications and their use case in commercial environments and also increase the reach of Web3 applications. How does PolkaCipher bridge the gap between off-chain internet economy and decentralized on-chain application of blockchain? What benefits does it offer? Does PolkaCipher use accurate providers?
I have often wondered when I will be able to walk into a neighborhood store to purchase items and make payments using cryptocurrency. It is exciting to know that one of the use cases that PolkaCipher offers is to be able to Purchase anything from any store that accepts cryptocurrency as payment. What are the solutions you are bringing to blockchain to solve the problems of technical barriers and security thereby fostering the integration of blockchain to real world?
What are the characteristics that PolkaCipher adopts? What information system mechanism does PolkaCipher apply to maintain privacy protection? Will PolkaCipher adopt zero knowledge proof to protect data from prying eyes and mishandling? Will data providers use the PolkaCipher encryption library? How does PolkaCipher match input data with output data?
Defi and NFT are two of most persuading highlights regarding each platforms particularly a new project in crypto industry. How Defi and NFT help the PolkaCipher environment
PolkaCipher will implement a data matching mechanisms by using smart trackers, can you provide more details about this smart technologies that will be used by your protocol? And how could this matching mechanism be incorporated into solutions to real life problems? What are it use cases?
You will have a feature of NFT privacy for businesses, so I can understand your NFTs can be used as legal documents as ledger or legal contract that will also be anonymous, this privacy protection of your NFTs is achieved by the same Zero Knowledge Proof mechanism? How can you encrypt NFTs and use them as legal contracts? Could them be audited?
I see mobile application development on your roadmap. Are you available for both Android and iOS? Will it integrate an NFT wallet?
I had not heard of the possibility of p2p NFT transfer. What benefits or qualities of this service? Will that be integrated into your mobile application?
What is the eData storage approach? It is only intended to store sensitive private information, or is it possible to use it as a personal cloud?
PolkaCipher allows both publishing and buying NFT without compromising my identity. However, does that not decrease the value of the NFT, or does it decrease its ability to sell in the market?
I want to know more about your governance, Only holder of your token can participate in governance, Can you tell us are there any minimum or specific amount of your token to participate in the governance? Anf if your proposal is passed are there any rewards or incentive we can get?
Community governance should be the centerpiece of every project, however some large CHPR holders may carry too much weight in it. How to regulate its governance and what are the minimum requirements to participate?
Many projects claim to offer multi-chain support, which is only limited to ETH, forgetting the others. What networks will be compatible with PolkaCipher, after BSC and Matic?
Security could be very vital element in crypto industry. Can you inform us what safety you may supply in your traders and communities? How can you assert that PolkaCipher is stable from hackers and scammers?
all projects are exposed in some way to present inconveniences, even if they have been evaluated by really reliable entities, so I would like to know, how prepared is the PolkaCipher team in front of the experimentation of technical difficulties, how fast could they correct any problem presented to their network, have they designated a special team for this?
PolkaCipher is launching IDO right? Can you give us some information about IDO? As an investor, I am interested in the real value of the project, what problems can PolkaCipher solve in real life? What are the benefits that I and other investors will get by buying and holding $CPHR for the long term?
could you explain how the protection you have designed for eData works, I read that it is based on NFT, so how is this possible and could you tell us how this idea came up and how reliable and practical it is?
What elements make CifradoDEX a reliable, transparent and secure trading platform, how can you prove that it really meets these three important points and that there is no way that third parties can evade your security and harm your users?
What are your advantages over other projects? Is it from security or the technology you are using? Or are there other advantages? What makes you believe that your project is unique and worth choosing in today’s competitive marketplace?
I have question regarding on contract issue at the $PolkaCipher platform. When I completed customizing the contract, I am wondering about the safety and security of this contract from any misuse or bug. Do ayou allow me to utilize third party auditors to review the contracts?
Could you please tell me the ultimate goal of $PolkaCipher? What are your plans to reach out a vast majority of users, both inside and outside the crypto space ? Are there any community events to attract more members and raise the project’s awareness ?
In your docs you describe something called “digital lockers”, people can buy things from stores that accept cryptocurrencies and be backed by PolkaCipher’s stablecoin ecosystem and digital lockers, can you really keep anything this way? Can you tell us more in detail about this service and how can it be contracted?
One of your target audiences is the prediction markets, many oracles focus precisely on this area, but what really differentiates PolkaCipher from other oracles in terms of data transfer mechanisms? What is new?
I read that Superstable offers a variety of functions in which any stablecoin available in the PolkaCipher ecosystem is used, so could you tell us, currently which stablecoin are available, if you are working to increase this amount, if you consider it is necessary to worry about this and if there is any way in which users can request the inclusion of any of them?
in the market we can find projects that, like Polkacipher, offer decentralized technology working with NFTs commercialization on the web3, knowing this, what products and services make your project unique and will motivate the community to use it instead of your competitors? do you believe that your technology surpasses the rest, if so, why?
Over time, there has been a proliferation of projects offering varying forms of Decentralized financing and applications around NFTs and other traditional transactions. PolkaCipher follows that trend by also offering blockchain based NFT privacy preventive services for businesses and institutions. Being a product on the Polkadot chain, how will PolkaCipher leverage on this technology to provide a seamless ease of data and business transactions between vendors and respective businesses, and how will it’s DAO operational model, power a secured and revitalized business and blockchain service?
As stated on the official website, staked CPHR tokens can be used to access data from respective mining cycles, and also a reserved amount of CPHR tokens are used to subsidize the oracle node revenue for mining purposes. Can you briefly explain how these functions are carried out and how important are CPHR tokens in PolkaCipher’s staking and mining operations, and asides the previously stated operations, what are some of the use cases and benefits of the CPHR token in the PolkaCipher ecosystem?
Hi PolkaCipher!
I read PolkaCipher’s motto but found it hard to understand at first glance: “A Cross-chain Oracle focused towards NFT privacy for businesses, community governance, multichain interoperability and on chain Defi Apps”. Could you please explain your core idea in a few layman terms? For instance what do you want to achieve when you mention NFT privacy for businesses? Thank you!
Hi PolkaCipher!
I’d like to learn more details about the bNFTs – PolkaCipher’s privacy-enabled business document solution. I read that bNFTs can be privately minted, distributed, and collected and also work as a legal document, ownership transfers, access passes, etc. with an option to transact privately or publicly.
Can you please go into more details here and give a few real life examples of how this exciting system will work in the current business ecosystem? Thank you
Hi PolkaCipher!
PolkaCipher advertises itself as a cross-chain oracle built on Polkadot. Naturally you will support the Polkadot ecosystem for starters. I am interested to learn what other chains do you plan to integrate in the near term, will it be ETH ecosystem or maybe layer2 like Polygon? Do you have plans to expand to Binance smart chain due to its growing user base and popularity with users new to crypto?
1.how do the POLKACHIPHER team intend to bridge the gap between off-chain internet economy and on-chain blockchain decentralized application, using PolkaCipher?
What is the One-Time Access feature of PolkaCipher? What are the benefits of it?
How does NFT backing system work in PolkaCipher? Is this something to protect the value of $CPHR?
Many projects are instantly dumped by the whales during the launch. Can you throw some light on vesting schedule of $CPHR? Do you think this vesting periods are long enough to protect the value of $CPHR?
the aim of the POLKACHIPHE to finally break the barrier between blockchain and real-world data through the commercialization of NFTs and accelerating adoption of decentralized finance into everyday lives so what are the plans, projects that you expect to provide for commercialization ?
I see that PolkaCipher has own token name with $CPHR. Can you explain what are the function of $CPHR token in your ecosystem ? What are the benefit that user will get by holding $CPHR token ?
3.PolkaCipher is divided structurally in two main components that are ,solutions for business and solution for users there clarify each components.
as a cross-chain privacy oracle network, you partnered with quite a few notable VCs and projects. There are Alphabit, Node Kapital, Varys Capital, X21, LupaX, Blockpact and other. Can you share with us what are the result from all of your partnership? what are the requirement to become one of your partner?