Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Formation Fi Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Formation Fi
For more details:
Formation Fi Website – formation.fi
Formation Fi Telegram – @FormationFi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from SolarFare Finance and our guest was @Solarfare1 founder of Solarfare. The AMA took place on 12 May.
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
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Good afternoon
everyone! I am happy to be here with you guys today!
Mihai
Pisica: Happy to have you here mate )
How is your day going?
Andrés
M. | Satoshi Club: Welcome to Satoshi Club, we are happy
to have here
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Pretty great, we just
finish our 2nd day from launch!
Andrés
M. | Satoshi Club: [ Sticker ]
Mihai
Pisica: Does it went successfully?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Yeah, we had a new ATH
today!
Andrés
M. | Satoshi Club: We would like to know more about you,
could you please give us a short introduction about you?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Sure
I am the founder of Solarfare, the person in
charge of planning everything. Before I started this project, I used to work in
the finance industry, that is why I have experience and understand what is good
for our community
Mihai
Pisica: What is the essence of SolarFare Finance?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): I started in crypto
currency back in 2017, and experience with all the new trend, which help me to
prepare for our project
Solarfare Finance is a
new generation of Yield Farming. Everyone can stake our token Solarefare ($SLF)
via our DApp to get BNB as reward.
Different from other
project which give reward in their own token, we decide to reward BNB as it is
valueable. And also by doing this, we can prevent our $SLF to be inflated as
people don’t need to sell $SLF for reward.
Andrés
M. | Satoshi Club: How is your team conformed?
Mihai
Pisica: Btw, how many persons are in your team?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Our team have 3 core
members, me as the founders and 2 full stack developers. We studied at the same
university and have been friend for a long time. It was April 2021, I see the
trend clearly indicate that BSC is booming, but all the project on BSC are
mostly just copy & paste without any innovations, and rug-pulls are like
daily story. That is why we decided to start Solarfare – to give people a safe
place to store fund 🙂
Mihai
Pisica: We can see that your project is completed in the
crypto trend
How long does it take
to develop a project?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Well it took me nearly
a month to plan and prepare everything. And our devs need to work 20 hours a
day for 2 straight week to meet my deadline
Mihai
Pisica: 20 hours?! Hard enough 😀🙈
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Yeah I am a difficult
boss 😀
Mihai
Pisica: But hope you will have a high-quality result after
that )
[ Sticker ]
Andrés
M. | Satoshi Club: So hard work, well done and congrats to
your team💪. Big effort means big achievements
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Yup, you can see that
from our website and DApp, and also our contract passed the audit successfully
🙂
Thank you
Andrés
M. | Satoshi Club: We have collected some community
questions for you, let’s learn more about your project through them. Are you
ready to proceed?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Yes please!
Q1 from telegram user
@Ajpaa
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.
Mihai
Pisica: We will have occasion to discuss about in futher
questions from the community )
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Hey this is a great
question I read this morning!|
Our launchpad will be
focused on being fair to all and ease-of-use, my developers have years of
experience dealing with that exact issue: people trying to create an unfair
advantage by creating bots. We are confident that beside creating a better
experience for the end user, and having reasonable fees for project creators,
we will assure a fair platform that anyone can use.
Our platform will be a
decentralized launchpad, so this can help any new projects get the chance to
host a presale. And also, we are willing to be angel investors to provide
financial support and technical assistance for potential project 🙂
The launchpad will be
fully audited before release to the community by 2 auditors 🙂
Andrés
M. | Satoshi Club: Certik right? I read something about it
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): But we may require
project to be audited by our partner and our team before they can start
presale, as we certainly do not want any rug pull happen on our launchpad !
Yes! And Solid Group!
Mihai
Pisica: Can you share here who are the Auditors?
Ah, got it )
Andrés
M. | Satoshi Club: Famous companies, great job
Mihai
Pisica: Indeed good strategy!
Does your Auditing
report mention some issue in the process?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Yeah in fact when we
started our project, we face many problem with re-deploying our contract, and
that created a huge fud for us! Our first version of token passed audit from an
auditors, but when we came to Solid Group, they pointed out 5 issues to be
fixed. After that, we tested the contract on our local node for multiple times
and found out another bugs that can greatly affect user experience with our
staking contract, so we need to re-deploy again
Andrés
M. | Satoshi Club: Is there any other filter needed to use
your platform?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Well not really, as it
is a Decentralized launchpad. But to get funding and support from us, they will
need to be KYCed
Andrés
M. | Satoshi Club: Thanks for the clarification, you are
doing a great job👍😃
Would you like to add
something else or we can proceed with the next question?
Mihai
Pisica: Nice job that you have found how to solve the
problem ) It is crucial to inspire confidence in user’s experience, once we
want to approach more the mass adoption
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): I think we can proceed
to the next question 🙂
Q2 from Telegram user
@victorogb
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?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): To be honest, we have
marketing plan until middle of June. But CMC + CGC listed us too fast so we are
coming up with a new marketing plan. Currently I am already in contact with a
huge amount of youtubers, and they will release their videos soon. This surely
can bring $SLF more exposure. Beside youtube, we are also trying to find
reputable tiktokers and twitter influencers to help with this.
Yes, our goal from the
start is to do the best for our project, that’s why we will focus on tier 1 CEX
instead of starting from any small exchange. In fact, we already contacted
multiple CEX for this, but as they have strict requirements, it can take time
before listing news to be released.
And since we don’t want
to make any false promise, we can’t really give you any name for now. But CEX
will come for sure
Mihai
Pisica: Btw, could you share with us your roadmap? What
else is coming for SolarFare?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Sure, give me a minute
Mihai
Pisica: Take your time mate )
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Our first road map is
to deliver CMC + CGC in May, and then update more function on our website.
Marketing will start in June, and Launchpad will be released in July.
But since we have a
very successful launch, we are currently working on a new roadmap, as we surely
dont want to lose this momentum
I can share with you
some sneak peek about this:
-May: Mass marketing
with youtube + tiktok + twitter influencer + website update
-June: Merchandise
store (yes, this is new), more marketing methods instead of the traditional
crypto way, CertiK audit released. Launchpad can also be released if our
auditors finish working on it
-July: CEX, lottery
function, new staking pool (this will be totally different from all other project!)
Please stay tune for
more update fromo us !
Andrés
M. | Satoshi Club: A great events coming, don’t forget to
share the announcements with us😃. Is time to proceed with the third
question, ready to go?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Sure, I am ready
Q3 from telegram user
@Highpee
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?
Mihai
Pisica: Full schedule there )
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): To be fair, everything
about our project has been hard coded before release, so we haven’t implemented
a governance function. But we may consider it with other product after
Launchpad. I agree that governance is giving out the decision to community, but
in most of the case I have seen so far, most of these governance end up being
controlled by “whales”, at they own a huge amount of voting
power.
Our community is the
most valuable thing to us, because without them, our project cannot be as
successful as of now. That is why we’ve been focusing on doing the best thing
for our community. And we are transparent with every decision we made. All
decisions will be announced before they are implemented, and we will collect
feed back to decide on how to proceed.
Andrés
M. | Satoshi Club: So what are the main benefits for $SLF
long term holders?
Mihai
Pisica: I agree here with whales. But don’t you think there
are solutions to avoid this? I mean, it would be interesting to see and hear
about tech solutions how to avoid this, as I am not a developer and I’m
courious about it ))
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): As mentioned from the beginning, our platform
focus on rewarding $SLF holder with BNB reward! We have many plans to come for
this. For example, 20% of the revenue from our launchpad platform will be used
for staking reward, while 30% will be used for buy back and burn
Andrés
M. | Satoshi Club: Great mechanisms, I think community is
the pillar of each project
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Hey this is actually a
good question. We have some idea about this, but if we implement strategy to
give everyone equal power, then again, we are being unfair to the whale 😂
That is why we do not want to discuss too much about governance for now
Mihai
Pisica: Ok, got you )
Fair point of view
Thanks for the clear
answer!
Andrés
M. | Satoshi Club: Great answer😁
Mihai
Pisica: Can we shot the next one?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): sure, please do
Q4 from Telegram user
@quachthingoc
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?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Our dev team are
software engineers that have been in the industry 10+ years and have built many
enterprise products. So we can ensure that we have the highest security
Proceed a KYC on a DeFi
project is tricky to be honest. But we can share some of the process such as
requesting for personal documents, tax information, video record, and other
proof. In case the project that was KYCed decided to rug pull, these
information will be release to the public.
Andrés
M. | Satoshi Club: Btw, could you tell us more about your
current and coming partnerships?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Sorry, this is a
secret! We only reveal it at the right time, since we want to prevent pump and
dump. We have seen too many project have this problem. People usually “buy the
rumors – sell the news”, which is unhealthy for any project. But we can reveal
one thing, that is Solid Group will definitely be one of our Auditor partners
for the launchpad, as we trust their skills and knowledge!
Andrés
M. | Satoshi Club: Don’t worry we understand and we we’ll
be expecting for the coming new about it🥳
Let’s proceed with the
next question😃
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Sure
Q5 from Telegram user
@jodasf
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?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Good question!
As I worked in
financial industry before, we usually have corporate social responsibility.
That is why we implemented it into our project.
Binance Charity wallet
is hardcoded in our contract – which passed audit – so you can rest assure that
we really donate it for good cause. You can also verify this on the blockchain
So far, we have donated
221 BNB in the last 48 hours!
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): ✔️
Andrés
M. | Satoshi Club: What kind of donations have been done
until now? Or not yet?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): We have 1% tax on all
transaction converted to BNB and donated directly to Binance Charity Fund!
Mihai
Pisica: Very kind from your part! 221 BNB at it value now
is a huge ammount 😉 Hope your effort will make the lives to be saved and we
can get to normal life and develop projects at 100% full program )
Andrés
M. | Satoshi Club: That program has been a great help to
fight against covid 💪
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Thank you 🙂 we really
hope that our project can make the world a better place
Mihai
Pisica: And I am sure you will succed!
[ Sticker ]
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Can we move to the
next question?
Q6 from Telegram user
@Jonahapagu
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?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): We have a great
explanation video to that question that will show the steps from creating a
metamask wallet up to staking
Our reward so far is
coming from 4% tax on each transaction. With more product in the future (for
example: Launchpad), we will increase this staking reward even more!
And as aforementioned
in the roadmap, we are designing a new reward pool, which will be exciting! So
please look forward to it!
The only requirement to
stake is to have $SLF, which you can stake into our dApp at any time to
passively earn BNB. You can withdraw the accumulated BNB at any time, and you
can unstake your SLF at any time with no locking period as well.
Andrés
M. | Satoshi Club: What is the current APR for staking?
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): It depend on the
trading volume 🙂 but for the last 2 days, it is about 3-5% / day
Mihai
Pisica: Btw, could you tell us about the tokenomics of
$SLF? How is the token amount distribution??
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Sure!
Total Supply
1,000,000,000
Team Fund 20,000,000
(2%) locked 1 year
Marketing fund
30,736,200 (3,1%) locked 3 months
Presale 580,000,000
Liquidity 358,822,800
Unicrypt fee 10,440,000
We only control a very
small amount of tokens and locked! This will ensure the community that we are
committed to this project for long term
Andrés
M. | Satoshi Club: Amazing, thank you so much for the
clear answers, it has been a great time for us.
Now, is time to proceed
with the live segment😁. Time to interact with our dear community
members
Mihai
Pisica: Yep, noticed that ) Well done
SolarFare
Finance (Never DM FIRST – ASK FOR FUND): Im looking forward to
this !
Mihai
Pisica: Thank you so much! Now get ready for the most
exciting part of our AMA – the live questions! 🚀🚀🚀
Part
2 — live questions from the Telegram community
Q1 from telegram username @testercoin
Do I need to make KYC for the projects using your
launchpad? Do I need KYC for each project?
SolarFare Finance (Never DM FIRST – ASK FOR FUND): I think you are misunderstanding about KYC in this
situation.
Different from CEX, KYC
on defi is for project owner, we need to know who is actually the one created
that project. They can stay anonymous, but community can rest assure that if
they decide to rug pull, you can know where to find them!
Q2 from telegram username @boradam
Do you only have BSC for your launchpad projects?
Don’t you plan to integrate projects with other blockchains?
SolarFare Finance (Never DM FIRST – ASK FOR FUND): We are considering this for our launch pad, since
BSC is literally a fork of Ethereum blockchain. But our main focus will still
be BSC 🙂
Q3 from telegram username @ronaldo_super
Are there any plans for you to list SLF token on a
centralized exchange? Or do you always want to be decentralized?
SolarFare Finance (Never DM FIRST – ASK FOR FUND): Yes, as aforementioned, we will be listed on CEX.
But our focus is top 10 CEX 🙂 So please stay tune and wait for more
announcement from us
Q4 from telegram username @nitrogenpower
Is it possible to get BNB rewards using your
platform? How can earn BNB with you guys?
SolarFare Finance (Never DM FIRST – ASK FOR FUND): As aforementioned, Solarfare is a yield generating
platform! Anyone can earn BNB reward with us, just by staking your $SLF
Q5 from telegram username @Guandog
What are the current incentives for SLF LPs on
pancakeswap?
SolarFare Finance (Never DM FIRST – ASK FOR FUND): No incentives for now, but you can still receive
pcs fee by providing liquidity.
P/s: we just filled the
form to have a partnership with PCS about this 😊
Q6 from telegram username @adaatalay
We, investors, stock markets, partners are afraid of
being defrauded. How did you determine your strategy to give investors
confidence?
SolarFare Finance (Never DM FIRST – ASK FOR FUND): To give investors confidence, we need to ensure
that our product have the highest standard. That is the reason we have multiple
audits on our contract!
Also, we are KYCed by
Pass Or Fail Me – official partner of Unicrypt. So if we decide to scam/ rug
pull/ or anything bad, our personal information will be released by them!
Q7 from telegram username @sumione
What is solar finance tokenomics?and is it listed on
coingecko and cmc ?
SolarFare Finance (Never DM FIRST – ASK FOR FUND): Yes, we already got listed on CoinGecko and
CoinMarketcap within 24 hours from launch.
” During the 2020 I got scammed a few times,
rugs, exit scams etc. – how can we investors be sure that this will not be
similar, are your contracts public & somewhere to be seen???
SolarFare Finance (Never DM FIRST – ASK FOR FUND): Sad to hear this. Our smart contract is verified
and publish on BSCscan, so you can feel free to DYOR! You can also check our
GitHub as well!
Q9 from telegram username @beterror1
Does the Staking rewards product have an automated
Composite balance or is it manual?
SolarFare Finance (Never DM FIRST – ASK FOR FUND): Sadly the staking reward is not compounded
automatically. You need to claim your reward, buy $SLF on pcs and stake it!
This is to help supporting $SLF price
Q10 from telegram username @meessilolz
how old is your project?Where is solarfare listed
for buy or can you provide me contract address?
SolarFare Finance (Never DM FIRST – ASK FOR FUND): We are just 50 hours away from our launch! You can
find us on Pancakeswap with this link:
https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x32089eaffaf278c82cda2c8d37e7b6b6fabbaaf2
P/s: our logo is
already available on PCS, so verify this before you buy any token with the same
name
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:
PART 1. Introduction of TradeStars project and community questions.
Hello, Satoshi clubbers and guests of this site. Let’s talk today about fantasy sports trading game.
TradeStars is a Fantasy Stocks Trading Game powered by the Ethereum + Matic Layer 2 blockchains. By using their sporting knowledge, and relying on real-life sports statistics, fans can trade and monetize digital assets which value that are influenced by real-world sports events.
Anshul Pareek – @OxAnshul – a full-stack marketer and currently heading Marketing at TradeStars
Chris | TradeStars – @chentschel – software engineer and entrepreneur
Introduction of TradeStars project.
Mary | satoshi club:
Hello, satoshi club! We are happy to announce our ama session with TradeStars! Welcome to satoshi club😀
D| satoshi club:
And today our guests – @chentschel and @oxAnshul ! Hello guys, welcome to Satoshi club! 🙌
Chris | TradeStars:
Hello everyone
Anshul pareek:
Hey @cool_as_ice
Mary | satoshi club:
Hello, welcome here 😀
D| satoshi club:
Hello! Good to have you here guys 😊 how is it going?
Chris | TradeStars:
All is great! Thanks for having us here today.
Anshul pareek:
Hey, thank you for having us here.
It’s going really well.
Mary | satoshi club:
👍 so, let’s start our ama 🚀
Mary | satoshi club:
Guys, I want to ask you to introduce yourself! And of course, we want to know what is TradeStars and its main goals 😀
Chris | TradeStars:
Sure.
Anshul pareek:
Firstly, greetings to the Satoshi Club fam! 👋🙏
I am Anshul, a full-stack marketer and currently heading marketing at TradeStars.
I have helped 15+ domestic and international brands with branding and communication over 4 years. I have prior experience of consulting brands like Marico, Wipro consumer care, officer’s choice blue whiskey & ITC to name a few. My expertise involves strategy & planning, brand management, social media, and content marketing.
Mary | satoshi club:
How long are you in crypto? 😀
Anshul pareek:
It’s been an amazing year in crypto. 😊
Mary | satoshi club:
Yes, every year in crypto is unforgettable 😉
D| satoshi club:
And year it’s not over yet 😉
Chris | TradeStars:
Hello to all the Satoshi Club community!
I’m Chris, the software engineer, and entrepreneur. I love tech and I’ve been in the blockchain space for +4yr now. I contributed to many projects like decentraland.org, decent.bet, Popchest, and some small others before starting TradeStars.
Prior to starting TradeStars I worked for several years in the traditional gaming / fantasy sports industry.
TradeStars is a fantasy sports platform powered by the Ethereum and polygon layer 2 blockchains where users can trade digital assets that represent real-life events and athletes’ performances.
We are gamifying defi economic incentives with a fantasy stocks platform where users can express their passion for sports, compete against each other with true digital ownership, transparency, liquidity, and decentralization.
Mary | satoshi club:
Oh, so you’re perfect match for TradeStars 😀
D| satoshi club:
Sounds interesting 👍
Mary | satoshi club:
Do you have a big team?
Chris | TradeStars:
We’re between the core team and collaborators about 20 ppl. We’re growing our team pretty fast 🙂
Mary | satoshi club:
It’s not small👍 sure it will grow more! Thank you for your intro, guys! Are you ready for the questions from our community? 🚀
Chris | TradeStars:
Yes!!
D| satoshi club:
Let’s go! 🚀
Anshul pareek:
Yes
Preselected questions about the TradeStars DeFi project.
D| satoshi club:
Q1 from telegram user @highpee
Your project started in 2019 but it appears the project has been in hibernation for a while now as you only recently conducted your public/private sale and mainet is yet to launch. Why have you taken such a long time to get started and what challenges have you been able to conquer? What milestones have you been able to realize? Which parts of your targets have you fulfilled and what in what focus is the compass of your project currently directed towards?
Chris | TradeStars:
Interesting. We started with an idea, then released the first version of TradeStars in 2020. Unfortunately, due to covid last year, a few months after we launched, sports got canceled all over. So we took a pause in our marketing efforts but continued working on the product ideas, partnerships, and fundraising.
As we resumed with the original plan, last October, we released our v2, completed our private token sale, and this week the public TSX launch was done.
The next steps now for us, are mainnet launch, growing partnerships in the sports world (more news from this soon), and adding more sports down the roadmap.
D| satoshi club:
When do you plan to launch your main-net by the way?
Chris | TradeStars:
By end of May.
D| satoshi club:
Nice!
Chris | TradeStars:
Just a few weeks ahead.
Mary | satoshi club:
Do you already have some partnerships?
Chris | TradeStars:
We do. Many in fact. We have a great partnership with polygon (Matic). Amazing team btw. We recently announced a partnership with Poly network to bring TSX bridgability between BSC and ETH.
Mary | satoshi club:
Yes, polygon really awesome project! Congratulations on your partnerships!
Chris | TradeStars:
And I’m sure @oxAnshul can comment more on this 🙂
Mary | satoshi club:
Sure!
Chris | TradeStars:
Polygon is great.
Anshul pareek:
Additionally, we will be really soon announcing a partnership with a sports league with our mainnet launch.
Mary | satoshi club:
We will follow your announcements 👍
Chris | TradeStars:
It allowed us to enhance a lot the UX of the product.
Mary | satoshi club:
Thank you, guys, for your answers! Ready to proceed?
Anshul pareek:
Sure
D| satoshi club:
Q2 from telegram user @nataliyakil
How will the real results of athletes, matches affect the course of the game and the results of virtual athletes? How will these statistics be maintained and how often will they be updated? And what will be your actions if an error is made and the data differs from the real one? Nobody is immune from mistakes!
Chris | TradeStars:
Nice question. I’ll start from the end 🙂 .
We’ gather the sports data through external data fees. The sports results and player stats are taken in real time, and we process that into the platform. Ofc, there can be mistakes, but those are weird and corrected in a few minutes usually. Those stats generate a score, (you can follow different scoring rules here -> https://testnet.TradeStars.app/rules).
The impact of the average scoring is on the user’s rewards inside the play form based on the performance of their picked players.
This impacts the rate at which users mine the TSX on the exchange, and the fantasy sports daily contest positions.
Mary | satoshi club:
Your app in the testing stage currently, right?
D| satoshi club:
Thank you for your answer! Do you use some oracles on your platform for data matching? Or you planning to do so in the future?
Chris | TradeStars:
We use, and we’re planning to decentralize that oracle.
Mary | satoshi club:
Did you audit your platform security?
Chris | TradeStars:
We did many security reviews, and also 3 audits on the contracts. Last is conducted by the https://pessimistic.io/ team.
D| satoshi club:
Never heard about them, but I see they did lots of successful audits with well-known projects 👍
Mary | satoshi club:
Fantastic! Happy to see that you care so much about security! Thank you for your answers! Ready to go to the next question?
Chris | TradeStars:
Yes! Lets go 🚀
D| satoshi club:
Q3 from telegram user @jonahapagu
There are two categories of tokens I came across in TradeStars, the network token and smart tokens… the smart tokens are for performance and also called shares, while the network tokens are reserve tokens which make the smart tokens interchangeable… so can you explain how this two categories of tokens differ in terms of their use cases within TradeStars and how the “network tokens” makes the “smart tokens” interchangeable.
Chris | TradeStars:
Yes, Internally the reserve is a stable coin. Imagine you need to separate the user investments and gains/losses because of the player’s performances and the original value. So the reserve is stable, and when you buy a player “fantasy shares” those are actually a fraction of the NFT that represents the player performance in the blockchain.
Nice! Thank you! The article is always a good source of info 😊
Chris | TradeStars:
Thanks
Mary | satoshi club:
I need to dive deeper into your docs! Thank you for your explanations!
Mary | satoshi club:
Ready to proceed?
D| satoshi club:
Our next question about NFTS😉
Q4 from telegram user @indomiekuy
Tradesports claim that you have a new concept about fractional NFTS that works similarly to the liquidity pool on DeFi platform. Can you explain what is the connection a fractional nft with a liquidity pool? How does the system work?
Chris | TradeStars:
Yes.
I’ll also refer to the former docs for detail. But in a few lines here, we track player performances and represent that into NFTS on the blockchain. Those NFTS are “special”. Because those are fractionable NFTS. The second part is the way how users buy/sell those fractions. So, on top of this, there’s a function similar to what you can find at Uniswap. NFTS actually can be imagined as a liquidity pool, that when got a transaction, emits or burns shares of itself in return for the reserve value.
So, I will be able to buy a fraction of Cristiano Ronaldo?😉
D| satoshi club:
You will be able to buy a piece of performance of Ronaldo 😄
Mary | satoshi club:
Oh, that’s nice! Hope he will perform good😂
Chris | TradeStars:
Haha yeah. Of many.
Chris | TradeStars:
I believe we track more than 5000 players now, and we will continuously be adding more sports to the platform
D| satoshi club:
Cool! 👍
Mary | satoshi club:
Yes, I see you have Lionel on the top😀
Chris | TradeStars:
Haha
D| satoshi club:
Thank you for the detailed answer! Ready for the next question?
Anshul pareek:
Yes, lets goo.
D| satoshi club:
Q5 from telegram user @kasg95
I understand that the best athletes will be on TradeStars, but are they really aware that they are using their name in that fantasy game? If so, do they own any of those shares? Or do they just have no relationship with this platform?
Chris | TradeStars:
Even we are in contact and connected actively with the official leagues and athletes. (big announcement next weeks on this), it works simmilar to a sports betting platform. One of our ideas, as we bring ambassadors onboard, is to own their verified profile and verified shares.
Mary | satoshi club:
Wow! We will wait for this news! Can you give us some hints? 😉 we will keep everything secret.
Chris | TradeStars:
I can say cricket is coming.
Mary | satoshi club:
Super! 🔥 thank you for answering 😉
Ready for the 6th and last question from this part?
D| satoshi club:
@chentschel @oxAnshul are you ready guys? 😊
Anshul pareek:
Yup.
D| satoshi club:
Q6 from telegram user @kosku21
Can you summarize for me what are the methods and ways to make a profit after investing and maintaining our sports stocks? And how to learn to develop profitability strategies in trader starts based on our sports knowledge, is there a channel to discuss sports analysis and investments where we can learn?
Chris | TradeStars:
Wow, very detailed.
Yes. First, you have the dex part, you’ll build your portfolio of fantasy shares, and this is the first step where you can make profits, (buy low -> sell high), based on your current portfolio performance you’ll start mining TSX (second step). The TSX has many utilities inside the game such as staking rewards, unlocking special competitions, and governance power. Then you’ll have the fantasy contests. You’ll be able to pick from your portfolio’s players, to enter daily competitions with prices
How to learn and different investment strategies, and a dedicated channel/content for this, is something we’d like to have and work on in the future.
Mary | satoshi club:
Nice incentives! Did you already have this contest or just planning them in the future?
Chris | TradeStars:
We have implemented the first part (DEX), and we are working on releasing the second part in the following months. Obviously, this is a huge endeavor, and we will release all these features one by one in the months to come.
Mary | satoshi club:
Awesome! A lot of events ahead 🚀 And now we came close to the most exciting part of our ama 🚀 live part!
Ready for it, guys?
Anshul pareek:
Yes.
Chris | TradeStars:
🙂
D| satoshi club:
@chentschel and @oxAnshul we will open chat for 2 minutes after chat will be closed – you can start select questions! 😇
Mary | satoshi club:
Let’s go 🚀
PART 2.Questions about the TradeStars project from the live chat of the telegram community.
In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the TradeStars crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.
Q – 1 from a telegram user @biggdata
Table Tennis is the 6th sport with the most sports fans. For too many table tennis sports fans like me, would you consider adding table tennis sport on TradeStars? Will you offer more options in sports?
Chris | TradeStars:
I find this very interesting. First for the data 🙂 , but secondly because it’s a very interesting case for governance. The $TSX will allow users to vote, and the TSX will be distributed to users of the platform by liquidity mining. I find it very powerful and unique that the community itself will be able to decide what goes next, what should we change, enhance, etc. We are considering adding next soccer, and then e-sports in the original plan.
Q – 2 from a telegram user @ronaldo_super
There are really many cheats happening in sports. As I am the best player but some people think it is Messi it is not really trustworthy, how can we trust your project?
Chris | TradeStars:
Haha, well stats speak on their own. If you’re the best, stats will show
Q – 3 from a telegram user @Mamitabella
How can we register to start trading?
Anshul Pareek:
It is a simple one-step login and you can start using the platform.
Please login to
Most of the users are still not aware of blockchain & its related projects! So, How this project platform create awareness about their project with non-crypto users too?
Chris | TradeStars:
We made and have a lot of focus on the user experience. You dont need to know about blockchain to play TradeStars.
Thanks mainly to the Polygon L2 implementation, our users just log in with an email address and use a blockchain-based game as if they were using any other app. No need to know about signatures, wallets, private keys, etc.
Q – 5 from a telegram user @testercoin
When will you have done your mainnet launch and are there any testnet right now?
Hello! How is the NFT price determined? IS it at a fair price, we can see Lionel Messi is on the top of the gainer list but of 0 prices?
Anshul Pareek:
The unlock price of all the athletes are determined by a set algorithm which includes a major factor of the athlete’s performance in real life in the recent matches.
Once the price is unlocked it’s determined by the demand/supply in the pool.
Q – 7 from a telegram user @testercoin
When will you done your mainnet launch and are there any testnet right now?
Anshul Pareek:
We will be launching our mainnet by the end of May.
You can explore our testnet at testnet.tradestars.app
Q – 8 from a telegram user @cindy_crypto
You said you completed your private sale so where and how can I buy TSX token right now?
Chris | TradeStars:
you can buy TSX in Pancakeswap and Uniswap now. CEX listings coming soon too. Referring the post to details -> https://t.me/TradeStarsCommunity/262
Q – 9 from a telegram user @Sumione
WHERE is your token TSX listed for buy? Can I get in Uniswap?
What elements guarantee that the share price is really fair and will not be manipulated to your convenience?
Chris | TradeStars:
One word. blockchain 🙂 The smart contracts will manage the price discovery and liquidity.
Q -11 from a telegram user @csgonub
Do you have any features for staking the governance token TSX or farming? Or do you plan for any of them?
Anshul Pareek:
We’re using the token for mainly in-game rewards, and governance. A huge % of the TSX will be introduced to the community via liquidity mining.
Rewarding users that invested and hold fantasy stocks in their portfolios.
The rate of these rewards will be not only influenced by the stake but also the athlete’s real-life performance.
Then TSX could be used and staked in the game to access or unlock different features and also for participating in the governance of the platform.
Part 3 – Quiz about project
In the final part, we tested the knowledge in terms of the TradeStars project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.
Gareth Bowles – Co-Founder of PERI Finance – @garethbowlesperi
Introduction of PERI Finance project.
Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our ama session with peri finance! Welcome to Satoshi Club😀
D| Satoshi Club:
Hello and welcome!
Today our guest – @garethbowlesperi ! 🥳
Gareth bowles:
Pleased to be here Satoshi Clubbers!
Mary | Satoshi Club:
Hello, Gareth👏 welcome to Satoshi Club 😀
D| Satoshi Club:
Glad to see you in our club! 😊
Gareth bowles:
Hi all! Glad to see you too 😀
Mary | Satoshi Club:
Let’s start 🚀
Gareth, could you please introduce yourself and tell us more about peri finance 😀
Gareth bowles:
Sure, well, I was fascinated with blockchain technology about 2017 and jumped into it.
Thanks to my previous involvement of fx market, there were some friends who had been in the crypto space.
D| Satoshi Club:
2017 ahhh..magical year for crypto 😊
Gareth bowles:
Absolutely!
I volunteered to be an advisor for some projects that I thought would be successful.
Mary | Satoshi Club:
Oh, that must have prevented some mistakes 😉 I mean your friends
Gareth bowles:
Haha, you’re right. Anyway, I’ll introduce our project, peri finance
Mary | Satoshi Club:
Sure👏
Gareth bowles:
Our project, peri finance is to build all kinds of synthetic assets DEX on Polkadot.
We are building a synthetic asset DEX,
Where everyone is able to collateralize peri, USDC, and NFT to seize the opportunity of on/off-chain and traditional finance/non-finance assets’ value fluctuation!
And also, our project participated in lots of VCS, such as Idcapital, Oneblock, Dasheng capital… And so, on
Too many members I cannot remember all. Apologize me 😄
Mary | Satoshi Club:
Np, we always can check on your site👏
D| Satoshi Club:
Yeah, you have lots of VCS I have read your medium article today about strategic investment 😉
Gareth bowles:
That true! Thanks!
Mary | Satoshi Club:
Why did you choose this direction? 😉
Gareth bowles:
Okay, by the time I got the hang of the blockchain, I decided to build a platform called VCN which could have been the first DeFi project. And in 2018, I started the ICO with the prototype.
However, I had to drop it since the market wasn’t matured enough to accept the idea and I didn’t want to take any of multi-marketing money, returning to my existing business.
After a few years of non-blockchain business, I looked back to blockchain space again.
Then I realized the market was mature enough to build my idea.
That’s why I started the project!
You know, DeFi offers potential growth opportunities for blockchain projects.
The effects that DeFi has had on the crypto space are huge!
D| Satoshi Club:
Great! So your idea was born back to 2018 😊
Gareth bowles:
Correct!
Mary | Satoshi Club:
That has sense😀 today is a really good time to start
Thank you for your intro, Gareth! Do you want to add something, or we can go to the questions from our community? 😀
Gareth bowles:
Okay, then can I introduce our community page again? Like Twitter, telegram channel, and so on. 🙂
Mary | Satoshi Club:
Sure! You have to do this! 😉
Gareth bowles:
Thanks all! Our telegram and Twitter pages address are as below:
Stay tune our newly developed any updates, thanks!
Mary | Satoshi Club:
Satoshi Clubbers! Join peri finance social media🚀
Gareth bowles:
Thanks all. Help us peri to the moon 🙂
Mary | Satoshi Club:
Or mars🚀
Gareth bowles:
Wow that would be much better!
D| Satoshi Club:
Thank you for the great intro! And now we proceed to the community questions! 😊
Gareth bowles:
Yeap, i’m ready!
Preselected questions about the PERI Finance DeFi project.
D| Satoshi Club:
Q1 from telegram user @cryptofollower
As I see you have two IDO coming on Kickpad and Duckstarter what are the details of those offerings? Also, in Duckstarter the IDO is with eth but in Kickpad it is with BNB. Are those the same tokens and do we need to hold any launchpad platform tokens for participating?
Gareth bowles:
Good question. They’re all same tokens only appear in different chains.
They all have a different forms to join the IDO /IEO event, I think that giving each of their explanation pages would be better.
So, you will have triple IDO😀 which tokens will be available for sale on gate.io?😀 ETH or BSC?
Gareth bowles:
Amm, two for the IDO, and gateio is an IEO!
D| Satoshi Club:
Thanks for the clarification 😉👍
Gareth bowles:
Gateio will be able to buy with USDT
Mary | Satoshi Club:
Gotcha! Thank you! And which percent of your total supply will be distributed through IDO/IEO?😉
Gareth bowles:
We will distribute 90k token supply, so…
That would be about 0.45% of the total!
D| Satoshi Club:
Good for start
Gareth bowles:
Thanks d. 🙂
Mary | Satoshi Club:
Thank you for your answers, Gareth! Ready to proceed?
Gareth bowles:
Sure, go ahead please!
D| Satoshi Club:
Q2 from telegram user @highpee
Peri finance is a cross-chain synthetic issuance and derivative exchange protocol that provide the opportunity to trade a wide range of crypto or traditional assets. You have said that the basic procedure in which this is done is classified into 4 steps which are: assess, market, mint and royalty. Can you provide some details on what each step entails? What is the importance of each function and how are they expected to be executed?
Gareth bowles:
Actually, these concepts are categorized to explain NFT fractional, which will be added once our designed technologies are up and running after the successful transition to Polkadot.
But as our Pynths enables to play synthetic assets, basic logics are applied to get the same benefits: easy access and widened trading markets, generating various assets by minting, and tailored rewards. All these are enabled because of the unlimited liquidity.
D| Satoshi Club:
When do you plan to migrate on Polkadot?
Mary | Satoshi Club:
Can you explain more about NFT fractional? How will this work?
D| Satoshi Club:
We have question about NFT in this part 😉
Gareth bowles:
We’ll about to migrate in July because Chainlink implementation will be finished on Polkadot.
D| Satoshi Club:
Nice!
Gareth bowles:
Okay, then I’ll answer that later 🙂
D| Satoshi Club:
Yep! Thank you😄
Mary | Satoshi Club:
Ohh, my bad.
D| Satoshi Club:
And thanks for the answers! Ready for the next question? 😇
Gareth bowles:
That’s okay, go-ahead 🙂
D| Satoshi Club:
Q3 from telegram user @antoni_azx
Peri will implement two types of rewards and incentives, the first one is the peri inflationary supply policy and the second one is the peri assets’ revenue, can you highlight the most important points of these revenues model and which one benefits the most to the holders?
Gareth bowles:
We were planning to manage the fund that we collected from the private sale,
But due to the shortage of our resources, we may have to change the timeline about that.
We’ll announce revenue models and benefits soon!
Mary | Satoshi Club:
Got it! Btw, can you share your tokenomics with us?😀
D| Satoshi Club:
Classical question 😉😄
Gareth bowles:
I Will do, here are peri’s tokenomics details;
Peri is a utility token used to create a liquidity pool in the process of staking, generating the basic Pynths, PUSD. It is also a tool to be used for voting within peri DAO, which will play a pivotal role in the development of peri finance.
Peri holders will receive three different rewards by staking peri or USDC and minting Pynths.
Among those 3 rewards, 2 rewards are given by peri token.
The first reward comes from peri inflationary supply policy.
The initial supply of peri will be 11,000,000 and 9,000,000 more will be issued for 40 months as compensation for staking with weekly intervals, resulting in a total of 20,000,000 in circulation.
The second reward is the distribution of peri.assets’ revenue.
The managed funds come from 50% of the fund raised by peri token sales, so the holders can be rewarded additional profits only by staking peri.
And lastly, the distribution of commissions incurred in Pynths transactions and leveraged Pynths contract trading.
The system will take approximately 0.3% of the fee and transfer it to the fee pool, which is to be distributed proportionately to the entitled peri stakers.
Gareth bowles:
Furthermore, the utility of peri tokens, distribution of rewards, or the collateral ratio can be changed later by Peridao!
Mary | Satoshi Club:
Wow, the community will decide?
Gareth bowles:
Yes, Peridao will decide by themselves!
D| Satoshi Club:
Awesome! 😎
Mary | Satoshi Club:
Great system!
Gareth bowles:
Thanks all!
Mary | Satoshi Club:
Thank you for your detailed answers, Gareth! Ready to go to the next question?
Gareth bowles:
Yes I am 🙂
D| Satoshi Club:
About NFTs 😇
Q4 from telegram user @lzamg
On your website, you describe the Pynths NFTs as a game-changer for the massive NFTs market. Since NFTs are rapidly evolving and we see new ones being created each day, what are you contributing with your own NFTs? Can you tell us how work the Pynths NFTs? What are some of the utilities or features that make them a game-changer?
Gareth bowles:
Absolutely. As many crypto enthusiasts are interested in NFT tokens, we are planning to stake the fraction each of NFT.
All the fractions can move to various exchange, also it is able to collect as “synthetic assets”.
We are not making NFT assets, but NFT derivate products.
Derivates, not products, my mistake 🙂
D| Satoshi Club:
Interesting approach…so your NFTs will look like a piece of art, as we used to, or they will have some different appearance?
Gareth bowles:
There will be a variety of NFT even e-sports and so on!
D| Satoshi Club:
Oh, that’s nice!
Gareth bowles:
We’re excited as well!
Mary | Satoshi Club:
NFTs are our passion! We will wait for yours 😉
Mary | Satoshi Club:
Thank you for your answers! Ready to jump to the next question?
Gareth bowles:
Alright, go ahead!
D| Satoshi Club:
Q5 from telegram user @andrey_seleznov
Hi peri!
I noticed UNI mentioned among the platforms using derivatives liquidity enabled by pynth. Will peri support the new v3 UNI version? Does v3 require major adjustments on your part? Thank you!
Gareth bowles:
Sure we will. Although we launch our token in v2 Uniswap first I can assure you that we are going to move onto the V3 version.
Stay tuned the further news!
Mary | Satoshi Club:
When your token will be launched on Uniswap?
Gareth bowles:
10th of May. IDO and IEO will take place on the same day.
D| Satoshi Club:
By the way, after your IDOs and IEO will be successfully closed, are you planning some sort of liquidity mining on uni?
Mary | Satoshi Club:
It’s very soon! So, everyone who will miss your triple IDO/IEO will be able to buy there
Gareth bowles:
Sure, we are, It will be Uniswap and Pancakeswap, both are our liquidity providers!
Gareth bowles:
Haha thanks for all 🙂
Mary | Satoshi Club:
Thank you for your answers! Ready for the 6th and last question from this part?😀
Gareth bowles:
Okay, let’s go!
D| Satoshi Club:
Q6 from telegram user @neverencryp
Users are given the opportunity to stake peri and PUSD on your platform, nowadays we have a platform that doesn’t give users access to the stake unless they provide liquidity on their platform. Do we need to provide liquidity of the token before we can stake them on your platform? When do you plan to introduce more tokens to be staked on your platform, how juicy are your APY also?
Gareth bowles:
We stake peri on USDC, not PUSD.
And we provide almost unlimited liquidity through the debt pool because it’s rolled as a liquidity provider.
Gareth bowles:
Also, we expect APY to be skyrocketing because we create about 200k tokens each month.
D| Satoshi Club:
Ohh juicy APY…😃
Mary | Satoshi Club:
APY lover😂
How users, who are staking on your platform are protected? Is it safe?
Gareth bowles:
Good question,
We are well aware that there are some hackings and exploits happening on other DeFi projects.
Gareth bowles:
We have all our smart contracts audited by 3rd party,
Also, we are focusing on adding protection codes to the smart contracts for all known issues.
Mary | Satoshi Club:
Is that third-party audit report public?
Gareth bowles:
Absolutely! We get audited by Certik!
Mary | Satoshi Club:
Awesome, can you share that report with our community? 😀
Gareth bowles:
Yes, we are.
If it is requested, we will be happy to share it with you 🙂
D| Satoshi Club:
@garethbowlesperi big thank you for the all info and answers in part 1! We will open chat for 2 minutes, after the chat will be closed – you can start select questions from Satoshi Club members! 😇
Gareth bowles:
Alright!
Mary | Satoshi Club:
Let’s go 🚀
PART 2.Questions about the PERI Finance project from the live chat of the telegram community.
In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the PERI Finance crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.
Q – 1 from a telegram user @Derazy
We have known that Ethereum has a higher gas fee with the transaction especially to DeFi projects, which include the vulnerability of being hacked too. What does PERI Finance establish as the solution for this issue?
Gareth Bowles:
Pynths utilizes Polkadot’s Optimistic Virtual Machine (OVM) that reduces the cost and time of transactions exponentially by harnessing WASM and Substrate. Using optimistic rollups and Polkadot’s Relaychains will enable PERI Finance users access to a wide breadth of both traditional finance and crypto assets in the form of leveraged and unleveraged synthetics products. Added benefits of using Polkadot’s parachain are quick transaction speeds at low cost without the risk of flash loans and front running.
Q – 2 from a telegram user @lusiana_lambreth
Peri has a nice team that is ready to get the job done to the maximum, will you take into account the opinions, contributions, ideas of your community members at any time?
Gareth Bowles:
PERI tokens are also used for governance. We have created a PIP (PERI Improvement Proposals) system to collect community opinions, so that anyone can submit a PIP using 1PERI, and when adopted, the number of PERIs used for voting will be reflected in the system. The PERI used at this time will be returned.
Q – 3 from a telegram user @vp98765
TikTok and Youtube Videos are Making good role in Marketing, Impulse approached any influencers here? what marketing is the team focusing rn?
Gareth Bowles:
At the moment we are focusing on content marketing through medium and few SNS platforms, but we are definitely to open using TikTok and youtube as it serves different demographics and purposes. Please stay tuned!
Q – 4 from a telegram user @kopal005fatche
How do you keep your platform safe for Investors, and is your platform protected from hackers? And how do you manage if there’s an attack on your platform, including the personal data of your platform’s users? Is your platform ready for this?
Gareth Bowles:
We are well aware of recent hacking and exploit of the other defi platforms. We have had applied codes for all of the known issues. We are getting all our smart contracts audited by 3rd party auditor like Certik. as per the personal data we don’t save any personal data because we are in a decentralized ledger system, blockchain. All users need are wallets and assets in it. That’s what it takes for using our platform including framing and trading.
This is why you see projects that have been audited in the past become hacked. It’s an ongoing practice for good practice.
Q – 5 from a telegram user @smelekin
Which of your token is good to buy the one on Kickpad or the one on Duckstarter?
Gareth Bowles:
Both of their platform are really good. I recommend users to choice which is more convinent, not which is better. I’ll send the link again about IDO Details;
Peri Finance is having a white list IDO competition on Kickpad, what are the requirements to participate in this competition, what is it about and how long is it going to last?
Gareth Bowles:
At first, our IDO will be starting on 10th, May You should prepare by following things: – Make sure to do a whitelist ahead – Needs to use a different wallet than the one you used for staking. Please see the Kickpad’s recent announcement, thanks!
Q – 7 from a telegram user @Korryl
As I know partnership is really important because it can make your project growing fast. PERI Finance already announced doing an agreement with Oneblockcapital and Moonwhale project. could you introduce to us what projects are them, and what are the benefit of the partnership for both of you? do you have a plan to add another partner for now?
Gareth Bowles:
We have partnered with lots of VCs, Institutional Investors, and some community-driven funds who are the most valuable partners for PERI Finance up until now. We are now trying to announce one by one for giving people the idea we will be able to be successful with great partners. We are also planning to keep extending partnerships to Polkadot Parachain projects and top-tier projects and traditional financial institutions. We believe we can grow only with great partners, we can not make it by ourselves. As PERI Finance is a targeted cross-chain ecosystem, we will grow together.
Q – 8 from a telegram user @mucana
Currently, many NFT platform projects such as PERI Finance give good news for art and investors. How will PERI Finance be unique and competitive in this environment?
Gareth Bowles:
We understand that Traditional artists and DeFi have a lot of gap between them. and we want to be the project that will work as a bridge between both artists and DeFi community. Will try to reach not only art enthusiasts but focus marketing toward investors as a financial product. We hope it will bring another revenue for artists.
Q – 9 from a telegram user @chzileuzayaaaa
What is PYNTHS and what are its advantages for investors? What are the advantages and rewards of staking PERI in PERI Pool? Are there problems in the pool caused by lack of liquidity or resources?
Gareth Bowles:
We labeled Pynths as our synthetic assets which will be minted by users when staking PERI. Because it’s replaced ‘liquidity provider’ by our users in the name of PeriPool, ideally unlimited liquidity gives benefits back to our users with high rewards.
Q -10 from a telegram user @Alika061
Can #PERI provide a road map for your future then is there staking, IDO on your road map? A: Glad to. Here are the milestones?
Gareth Bowles:
Glad to. Here are the milestones:
Mar 2021 Staking dApp launch on Ethereum Kovan testnet. Apr 2021 Staking dApp launch on Ethereum Mainnet. May 2021 DAO launch. Jun 2021 Staking dApp and DEX dApp launch on Polkadot parachain testnet. July 2021 DEX dApp launch on Polkadot parachain Mainnet. Sept 2021 Add NFT synthetic asset Dec 2021 Add Perpetual Futures swap
Part 3 – Quiz about project
In the final part, we tested the knowledge in terms of the PERI Finance project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.
