Month: May 2021

We are pleased to announce our next AMA on May 9th 2021 at 11:00 AM UTC Time: Satoshi Club x Prostarter

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

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

Part 3: 300$ – A quiz about Prostarter

For more details:
Prostarter Website – prostarter.io
Prostarter Telegram – @Prostarter
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 Plutos Network and our guest was @juan_plutos – CEO of Plutos Network. The AMA took place on 6th May.

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

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

Part 1 — introduction and questions from the Website

Gold Rocket | Satoshi Club:
Hello, dear community! We are pleased to announce our AMA with PlutosNetwork.

Juan Capilla:
Plutos Network

Plutos

Gold Rocket | Satoshi Club:
😂 thanks 👍

Today our guest is @juan_plutos!

Juan Capilla:
Hey!

Nice to be here!

Muchas gracias!

Andrés M. | Satoshi Club:
Welcome Juan, how is going your day?

Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, @juan_plutos!

Juan Capilla:
Busy, but feels good!

Andrés M. | Satoshi Club:
Un placer conocerte, amigo!😁

Juan Capilla:
So happy to be here!

Gold Rocket | Satoshi Club:
We are also very excited about the upcoming AMA😍

Gold Rocket | Satoshi Club:
Let’s start!

Juan Capilla:
Yes!

Gold Rocket | Satoshi Club:
Introduce yourself, please. How did you get to be involved in crypto & PlutosNetwork?
Tell us please about yourself and your position in PlutosNetwork.

Juan Capilla:
Ok!

Hello, guys! This is Juan Capilla. I’m CEO of Plutos Network

I’m a graduate of Economic and Business Sciences from the Complutense University of Madrid.

Gold Rocket | Satoshi Club:
Wow! Your background is impressive!

Juan Capilla:
I’m a serial entrepreneur in both the traditional financial industry and cryptocurrencies. I also run the largest crypto mining company in Northern Spain. I got into cryptos very early, since 2016 when I started to mine Bitcoins.

I run my own head office as a full-time swing trader dealing with cryptos, financial and derivative products including stocks, options, etc. Besides trading financial products and cryptos, I’m also an Advisor to several companies listed on the Alternative Stock Market (MAB of Spain).

Gold Rocket | Satoshi Club:
So you are an early crypto bird👍

Juan Capilla:
I and our CTO Leon found out about the lack of good synthetic and derivative platforms for cryptos, so we started to build Plutos Network, trying to offer a solution based on cross-chain functionalities and unique product features!

Over~

Gold Rocket | Satoshi Club:
How long does it take to develop a project? What plans do you have for the future? And what can we expect from PlutosNetwork?

Andrés M. | Satoshi Club:
Amazing concept.

Juan Capilla:
Actually, Leon and I started the project very early, around mid-term of 2020. We decided to build a platform that could offer a better solution for users who trade crypto synthetics assets. We finished the prototype design in September and started building since.

The plans that we have including several exciting deliveries: Staking product to be launched soon; main-net product coming live at the end of June; Solana & BSC integration, etc

Gold Rocket | Satoshi Club:
You are serious about the process, as we can see it 👏👏👏

Juan Capilla:
We do all these to offer users a synthetic platform with better trading experience, scalability and a perfect solution for limitations which current platforms built on Ether are facing: high gas feel, low scalability, low transaction etc.

Andrés M. | Satoshi Club:
Could you explain what does synthetic assets mean?

Juan Capilla:
Synthetic assets are the tokenized assets, which can include real-world assets such as TELSA stocks, commodities, futures etc. With synthetic issuance and trading platform, people can place collaterals, mint and issue synthetic assets and trade.

It’s a way of trading more variety of assets like derivatives etc.

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

Andrés M. | Satoshi Club:
It’s amazing, mixing up crypto and stocks, I like it 😁

Juan Capilla:
Ok! Let me share.

Juan Capilla:
https://www.linkedin.com/company/plutos-network/

Feel free to check our LinkedIn page here.

Let me make a brief intro of the core team members.

Andrés M. | Satoshi Club:
For sure, thanks.

Juan Capilla:
Plutos Network’s core team members are experienced derivative trader and Blockchain-based trading system developer. With years of working in the traditional financial sector and crypto derivatives, the team discovered the lack of easy-to-use synthetic platform for trading derivatives and decided to build Plutos Network as a Cross-chain synthetic issuance and trading platform in order to fill in the blank and create new values and innovations to DeFi.

Andrés M. | Satoshi Club:
How many members your team has?

Juan Capilla:
Our CTO Leon is also a quantitative trader focusing on derivative products (mainly options, futures, and cryptos) in the European trading hub of Amsterdam. Even our CMO also worked in traditional banking. The background of the team is a good explanation of why we wanted and built a project like Plutos, a synthetic issuance and trading platform for cryptos.

Me, Leon, Gonza and a good team of Advisors. Three tech teams: Leon leading 4 developers here in Spain, One team of 3 in Malaysia and One team of 14 in Shanghai.

Distributed, but can work 24/7.

Andrés M. | Satoshi Club:
A big team👏

Juan Capilla:
Oh, we also have a very good marketing and operation team.

Gold Rocket | Satoshi Club:
Thank you very much for the great intro! 👏👏👏

Juan Capilla:
Vincent is from Singapore and our Media guy is in London.

Andrés M. | Satoshi Club:
Well Juan, thanks for this amazing intro, we are happy to know more about the features of the project.

Juan Capilla:
Ok!

Andrés M. | Satoshi Club:
We have collected some community questions, would you like to proceed?😃

Juan Capilla:
Sure!

Can’t wait

Andrés M. | Satoshi Club:
A multicultural team😁

Juan Capilla:
Yes, a decentralized one also.

LOL

Q1 from Telegram User @Korryl
Synthetic asset projects already starts to popular in cryptoworld. As I know, this kind of project already exist for example like Synthetics and other but most of them base on Ethereum ecosystem. Because of under ETH, there are much trouble like slow speed and high fees. So how will The Plutos Network try to manage and solve this kind of problem? What new innovation that the Plutos network bring into this section?

Juan Capilla:
Good one!

Before I answer, may I share a Tweet here?

Gold Rocket | Satoshi Club:
Wonderful! today we can create international teams without leaving our country. It’s amazing how our world has changed! 🚀🚀🚀

Of course🚀

Juan Capilla:
https://twitter.com/kaiynne/status/1387266949302734852

This tweet is actually made by the Founder of Synthetix.

I must say that, we share the same insights that Solana and BSC will gain more organic traction and more users will choose these two for scalability and better user experience. DeFi is in a stage that Ethereum has more and more become the limitation for its further developments. We are here to make a difference and change this situation to make DeFi and synthetics more accessible.

In order to get a better picture, let me share a photo also.

Gold Rocket | Satoshi Club:
Judging by the infographics, Plutos is the best in all respects🚀

Juan Capilla:
So first, Plutos is a cross-chain synthetic issuance and trading platform, built on Polkadot, Solana and BSC. The limitations facing the current market of crypto synthetic platforms are the results of Ethereum’s defects such as high gas fee, low transaction speed etc. By integrating Polkadot, BSC and Solana, Plutos will be able to offer a solution and provide the best trading experience for users.

Second, we have lower Collateral ratio than most of the current synth platforms. The reasons are that we take the best security practice and better algorithm to make sure that our users will not have to place excessive collaterals just in order to use the product.

Andrés M. | Satoshi Club:
So Plutos has a multi chain structure, right?

Juan Capilla:
Yes, we do.

Third, Plutos applies both on-chain and off-chain oracle feedings to make sure that we have the best and real-time data feeding to minimize the possibility of slippage.

Also, by building a sub-parachain and integrating Solana and BSC, Plutos offer better scalability.

Over~

Yes, we already completed the chain-bridge module to enable cross-chain functionalities.

Andrés M. | Satoshi Club:
And it helps you to deal with fees and increase liquidity, right?

Juan Capilla:
It does, especially when we integrate BSC and Solana.

These ETH killers will make us a Killer App.

Gold Rocket | Satoshi Club:
Great comparison 😊

Well! thanks a lot for the answers! ready for the next question? 😊

Juan Capilla:
Ready!

Q2 from Telegram User @Indomiekuy
I read from your site that The Plutos will introduce about stake reward and also mining incentives from 3 of your feature. That are Plutos Market, Plutos Pool and the last is Plutos Staking. Can you explain the detail to us about this 3 feature from the plutos?

Juan Capilla:
These three are actually the 3 main products that we call the 3 pillars of Plutos.

And each pillar has its unique functions.

Staking is where users can stake assets here and get passive income as Plutos offers incentives for liquidity providers. By minting synthetic assets by users, Genesis Pool and more pools will be created to offer the best liquidity for synthetic trading. By integrating liquidity from leading DEXs and applying AMM mechanism, Plutos Market can offer the best trading experiences for synthetic assets, avoiding limitations of current platforms such as high slippage etc.

Over~

Andrés M. | Satoshi Club:
How much is the APR by stacking?

Juan Capilla:
For more technical info, can check: https://plutosnetwork-1.gitbook.io/plutosnetwork/

Details will be released soon when we launch the Staking product in around 2 weeks!

APR will be decided by the pools and terms.

Andrés M. | Satoshi Club:
So those are the main benefits for holders? What else could earn long term holders?

Juan Capilla:
Well, the platform itself offers user incentives such as Staking and Mining rewards in order to get better liquidity in pools. So the holders of our platform tokens will first enjoy the passive income of doing so. And they will also have the rights to be part of the governance, including voting on the addition of sub-contracts or system upgrade proposals. Moreover, holders of our platform tokens will be granted with more previllages such as initiating a pool for their assets of choice etc.

Andrés M. | Satoshi Club:
Amazing, great news for our investors interested on PLUT🥳

Gold Rocket | Satoshi Club:
It is very profitable! 👍

Juan Capilla:
It’s PLUT, with a “T”😏

Andrés M. | Satoshi Club:
Thank you so much, Juan, would you like to add something before the next question?

Oh sorry 😅

Juan Capilla:
Yeah, actually we have another killer feature.

Gold Rocket | Satoshi Club:
We will remember this🤗

Juan Capilla:
We definitely can offer better accessibility.

Andrés M. | Satoshi Club:
🤔🤔

Juan Capilla:
Unlike other platforms such as Mirror or Synthetix, users can only place collaterals of the assets that the platforms support such as USDT, ETH etc. But here with Plutos, users can deposit and place collaterals of their assets of choice (holding PLUTs of course). When there is enough liquidity in the pools, basically all users can freely mint and issue their synthetics.

Over~

Andrés M. | Satoshi Club:
Is KYC needed?

Gold Rocket | Satoshi Club:
This is a really cool feature.🚀

Juan Capilla:
KYC will be required for certain jurisdictions.

We will have a list for this.

Andrés M. | Satoshi Club:
Thanks for the clarification. Let’s proceed

Juan Capilla:
Ok!

Gold Rocket | Satoshi Club:
Thanks a lot for the clarification

Q3 from Telegram User @cryptofollower
The derivative trading platform of Plutos Network built on Polkadot, BSC and Solana. But I see the migration to Polkadot and integration with BSC and Solana on your roadmap Q2. Are you going to start the platform with the Ethereum Blockchain or are you going to wait for those integrations to be completed and start with them? Can you provide scalability, security and accessibility with these three blockchain support?

Juan Capilla:
Nice one!

The main-net product launch is set to be at the end of June. It will be first on Ethereum. After the testing is approved and all functionalities running well, we will first start the integration to BSC first, which is easier than Solana and Polkadot. Then, we will start the migration to Polkadot and integrate Solana. Actually we completed the chain-bridge module already and are doing dev on the sub-parachain to connect and communicate through Rococo etc. So, for us, Ethereum version will only be a test one. For better scalability, security and accessibility, we will enable these features after the migration and integration.

Over~

Gold Rocket | Satoshi Club:
By the way, you can also share your road map.

Juan Capilla:
Here it is.

This is only for 2021. More will be built in the future!

Gold Rocket | Satoshi Club:
Thank you so much! you still have a lot of work ahead of you! although a lot has already been done!

Juan Capilla:
Yes!

That’s why we work 24/7 for the dev.

Andrés M. | Satoshi Club:
Well done 💪

What about the IDO? When it is going to have place?

Juan Capilla:
IDO is set to be early June now. We are still finalizing with the platform(s). So, stay tuned.

Andrés M. | Satoshi Club:
We will 😁, any announcement channel to follow the coming news?

Juan Capilla:
https://t.me/plutosANN

Here!

Pls, follow us for updates!

https://t.me/plutosnetwork

Andrés M. | Satoshi Club:
Let’s join Satoshiclubbers🥳

Gold Rocket | Satoshi Club:
Pay attention and join, Satoshi Clubbers!🚀

Andrés M. | Satoshi Club:
Thanks, Juan for share, ready for the next question?

Juan Capilla:
Yes!

Q4 from Telegram User @Fkarlos
In the game on other platforms, game developers can manipulate, remove or completely close the elements, which prevents players from truly feeling ownership of their elements. Since many video games do not allow the exchange of items, shady markets are created with high fees. How does Plutus eradicate gloomy markets? What are smart NFTs implemented for? Can two collections be the same?

Juan Capilla:
Let me explain.

Actually, Synthetic assets are not NFTs, but we are exploring the integration.

Actually team and I did our research and studies on how can we apply NFT into synthetics. We found out that the mechanism of NFT by applying ERC721 standard to make each token unique and special through tokenization has a similar ideology as synthetics. With the growth of DeFi and NFT, more real-world assets can be tokenized and minted to issue synthetic assets. When it comes to Plutos, yes, we will be first exploring a way of combining NFT into synthetics, probably starting with our protocol similar to ERC721 in the future. But definitely we will be doing a lot in NFT as we stronger share the same idea that NFT will bring more new values and innovations to real-world and vice versa.

Over~

Andrés M. | Satoshi Club:
Are you working on your own NFT marketplace?

Juan Capilla:
We do not have our own NFT marketplace yet, but will definitely find a way to integrate.

Gold Rocket | Satoshi Club:
Great approach to this question and detailed answers! Thank you! ready to proceed to the next question?

Juan Capilla:
Ready!

Q5 from Telegram User @Jonahapagu
How will Plutos Market for synthetic issuance and trading marketplace work, if a user wants to get issued a synthetic asset what do they need to do or be required to have..?

Juan Capilla:
Oh, simple but a good one.

Can check this image here.

When users want to issue synth assets here at Plutos, they will be needing to place collaterals first. Like I mentioned before, the collaterals can be of their choices, which is different from current ones. After they place the collaterals in the pools. The pool acts as a liquidity provider, acting as the counter-party when trading pUSD to pBTC, for example. With enough liquidity, they can mint into synthetic assets, like pTELSA, pPUT etc. The AMM of Plutos Market will avoid things like slippage during the trading process.

Over~

Andrés M. | Satoshi Club:
Currently how many synthetic assets do you manage? Is there an Apple asset?

Juan Capilla:
haha, we will make the first list of synth assets published when we launch the main-net product. Sure, you can mint Apple stocks here too.

Andrés M. | Satoshi Club:
And what about the fees for that process?

Great, personally I love crypto but I’m interested on stocks as well, your platform is a great way to interact with both 😃

Juan Capilla:
Yes. Approximately 0.3% of the value is deducted from all synthetic trading volume and 0.03% of notional amount is charged for Plutos synthetic issuance including products like swaps, options and perpetuals. The fees are going to be sent to the fee pool which we could use for some buy-backs in the future.

The fee structure actually powers the whole system with stable income.

Andrés M. | Satoshi Club:
This strategy helps you to avoid inflation or which strategies will you implement?

Juan Capilla:
You mean for the Platform token?

Yes

We have this deflationary mechanism designed.

Andrés M. | Satoshi Club:
Yes.

Juan Capilla:
We will be using part of the fee for regular buy-backs.

With increasing use cases and expanding user base, more values will be added to the ecosystem for sustainable and long-lasting growth.

Andrés M. | Satoshi Club:
So no burning tokens?

Juan Capilla:
Buy-back and burn.

Andrés M. | Satoshi Club:
Oh great

Gold Rocket | Satoshi Club:
Good strategy 😉

Juan Capilla:
To generate more demands for tokens in the market, and reduce supply at the same time.

Andrés M. | Satoshi Club:
Great job, congratulations to your team Juan, you have an strong project💪

Juan Capilla:
Thanks!

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

Juan Capilla:
We are growing fast and making great progress.

Gold Rocket | Satoshi Club:
Ready for the next question?

Juan Capilla:
Ready!

Andrés M. | Satoshi Club:
I see, your community is big

Q6 from Telegram User @andrey_seleznov
Hi Plutos Network!
Plutos offers to integrate leading DEXes such as Uniswap etc and offer infinite liquidity for users with the best trading experience and passive income. Uniswap launching v3 is an exciting recent event as we all surely agree. Will Plutos support the new version? How difficult is it to adjust your algorithms to accommodate both v2 and v3? Thank you!

Juan Capilla:
Indeed V3 is an exciting version of Uniswap. Yes, our dev team has already started to take a look into the algorithm. For sure, we will be accommodating V3 and V2. By our primary assessment, the dev work will be difficult, but super confident that we can do it. Besides, integrating leading DEX is a way of guarantee “infinite liquidity”. We want to offer the best trading experience to users.

Over~

Andrés M. | Satoshi Club:
Finally, where can we buy $PLUT token?

Juan Capilla:
Stay tuned for our public sale. 😏

IDO coming soon!

Andrés M. | Satoshi Club:
We will 🥳

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ronaldo_super
You have on-chain and off-chain oracle feedings integrated into the ecosystem. Which Oracle company are you working with? Who is your partner?

Juan Capilla:
Actually, we just announced the partnership with Razor Network today, take a look: https://twitter.com/PlutosNetwork/status/1390305392337383432 We don’t set limitations on which oracle(s) that we choose and use. Our earlier design is to work with ChainLink and Umbrella. And we are doing the pertaining development as well. And Razor wanted to get involved with their real-time pricing feedings into Plutos, so we evaluated and agreed.

Q2 from Telegram user @highpee
You have said that PLUTOS will be built as sub-parachains on Polkadot with an intention to integrate into Solana and BSC. Why did u you prefer to be a sub-parachains rather than a full Polkadot parachains? Also, will you be limiting further integration to only Solana and BSC?

Juan Capilla:
Not exactly the reason. Let me explain. Building a parachain needs a lot of dev and costs. We took rather a smart way. We use a sub-parachain and chain-bridge module to connect and communicate with Polkadot para-chains through Rococo etc. These modules will also help cross-chain functionalities when we integrate Solana and BSC. The sub-parachain will be a valuable improvement in order to realize interoperability, scalability and fast transactions.

Q3 from Telegram user @andrey_seleznov
Your website team section is an interesting one, 4 placeholders with the name of Juan Cepillas – must be an indispensable quartet of CEOs 😉 Jokes aside, it is always a pleasure to see a public and professional team! Could you please tell us more about the team working with you? Do you have many developers, are you guys mostly from one place? Was it difficult to find the right people for the job when you were starting? Thank you!

Juan Capilla:
Oh, for that, we did send out a notice in our TG group:❗️Dear Plutos Community: Please note that we are currently doing some functional upgrading, so the official website is encountering some display issues (namely the team section, but feel free to check team info here: https://www.linkedin.com/company/plutos-network/) We will fix the display issue soon. Leon and I have been trading traditional and crypto derivatives for like 2 decades, so it’s not that difficult for us to start the project. But, yes, finding the right dev teams is the hardest part. Luckily for us, we have friends who helped us and onboarded two good dev teams, one in Malaysia and one in China.

Q4 from Telegram user @alptrader
Will it be possible to trade Tesla stocks and other stock market assets with Plutos Network?

Juan Capilla:
Yes.

Q5 from Telegram user @Mrwagner
Does your great PLUTOS platform have any plan about Staking???

Juan Capilla:
Not only just plan. We will be launching our Staking project around 2 weeks from now. And, we will be holding a “Faucet Airdrop” where users can claim their test-net tokens in the faucet and claim back to the real tokens after TGE. It will be a huge airdrop event I think. So, do follow us and don’t miss it.

Q6 from Telegram user @Avicalvin
What are the measures taken by PLUTOS Network to prevent the Impermanent loss and misuse of Flash loans (by bad actors) and protect the LP providers?

Juan Capilla:
1, We will employ top third-party auditors to go through our smart contracts and codes, and make sure that we are tight in security; 2, We will be building a pool using the transaction fees and commission of the platform to act as a backup vault, in case of such losses, compensations can be made by using the capital here; 3, We will be working with DeFi insurance protocols to offer easy-to-access insurance for users. So in case of such incidents, users can also be compensated by third-party insurance providers.

Q7 from Telegram user @boradam
Why did you integrate Solana into the project? Do you think Solana has potential?

Juan Capilla:
Yes, we do. For us, Solana and BSC can be a perfect combination to offer upgraded ETH killers, they will be working on Defi even when ETH offers to scale solutions in production. Solana is clearly more of a rising infrastructure for more Dapps to be built upon for higher scalability and faster transaction. BSC/Solana have sufficient momentum to maintain a meaningful percentage of DeFi activity once they have multiple ETH scaling solutions in production.

Q8 from Telegram user @sofiaisla
Will users who bet derivative assets on Plutos Network receive rewards from the Plutos team? If so, what kind of rewards and benefits will you offer to these users? Besides this, you also mention that the Staking service will be built first on Ethereum and then on Polkadot, could you tell us when will the OCW components be ready for implementation? Will the Staking service be available on other leading Blockchains like BSC and Solana?

Juan Capilla:
Very good question! The rewards for users are from both Staking and Minting, providing incentives for LPs. As for the OCW component, we will first be replying on partner oracles such as ChainLink, Umbrella, and Razor for the data transmissions. We will be implementing the OCW module when we complete our APIs. For now, team is working on other components such as XCMP based on Substrate. So it will take some time. Yes, Staking will be first on BSC, then Solana and Polkadot.

Q9 from Telegram user @Rahulmgr
Could you tell us more about your team and their backgrounds? many projects launch with inexperienced team members and fail to get any real traction later on.

Juan Capilla:
I do believe that the team background is a big edge of Plutos. One big reason that DeFi derivative market is not mature enough is that there has been a lack of professionals working in traditional financing and derivative trading. Our core team members, however, are experienced derivative traders and Blockchain-based trading system developers. With years of working in the traditional financial sector and crypto derivatives, the team discovered the lack of an easy-to-use synthetic platform for trading derivatives and decided to build Plutos Network.

Q10 from Telegram user @mucana
What will be the role of the project community? Will you take into account the community’s requests and suggestions while developing your platform?

Juan Capilla:
Sure, we do see community as the No.1 priority. User experience is always what we are trying to offer better solutions for. In order to do so, we must always listen to the users and learn from them. We now have a plan that we will do a product test event when we first launch our main-net product. A huge prize pool will be offered to users who made valuable suggestions to us after trying our product. We will keep making improvements and adjustments based on those suggestions that we receive until we polish the product to be the best in the industry. Thank you!

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Plutos Network. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
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Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

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Twitter:   https://twitter.com/PlutosNetwork

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 NFT Alley and our guest was @AbhijithDattatreya, Co-Founder at NFT Alley. The AMA took place on 6 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

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

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

welcome to our club!

Abhijith Dattatreya | NFT Alley: Hey All, excited to be here! Let’s have an amazing AMA

Mary | Satoshi Club: Welcome here 😀

D. | Satoshi Club: good to have you here! sounds awesome! 😊

and let’s begin with intro! 🚀

Abhijith Dattatreya | NFT Alley: Yep! Sure 🙂

Mary | Satoshi Club: Please, tell us about yourself and how did you get into crypto! And of course tell us what is NFT Alley😀

Abhijith Dattatreya | NFT Alley: Hello, I am Abhijith. Co-Founder at NFT Alley. I handle the product and operations aspects at NFT Alley.

A quick intro: I have helped formulate product/business strategies for Fortune 500 companies over the past few years. I have also been an active NFT user/enthusiast since the early crypto kitties days.

D. | Satoshi Club: do you still have some crypto kitties? 😁

Abhijith Dattatreya | NFT Alley: Quick intro on my crypto journey:

It started out with BTC and ETH mining and on NFTs we started with crypto kitties and we were playing some NFT games! It was all fun when eth was trading at 200 dollars and gas costs were minimal. 😛 As we all know, currently, it is quite expensive to mint an NFT or to do any NFT transactions on ETH due to the insane amount of gas fees.  NFT Alley aims to help artists/collectors mint/transact an NFT for a fraction of the costs incurred at present on ETH. For our V1, We will be a dedicated marketplace on BSC with custom minting options.

Mary | Satoshi Club: Sweet kitties 😍

D. | Satoshi Club: 👍

Abhijith Dattatreya | NFT Alley: Nope, have a lot of random nfts now😄

D. | Satoshi Club: nice! we with @madamlobster also a big nft fans and have tons of them 🤣

Mary | Satoshi Club: Nice goals, we need help with ETH😀

Yes, we are nft hunters😂

Abhijith Dattatreya | NFT Alley:  That’s great to hear😄😄

Mary | Satoshi Club: It’s important AMA for us😉

When did you start to work on NFT Alley?

Abhijith Dattatreya | NFT Alley: Q4 2020 was when we started! Good old times😄

Mary | Satoshi Club: Ahaha, in crypto we count one year like two😂

Abhijith Dattatreya | NFT Alley: True that!

Mary | Satoshi Club: We have collected some questions from our community and are ready to ask them😉 Do you want to add something to your impressive intro or we can go to the questions from our community?

Abhijith Dattatreya | NFT Alley: We can go ahead with the community questions 🙂

D. | Satoshi Club: thank you! let’s do this! 🚀

Q1 from Telegram user @cryptofollower

You have successfully completed an IDO on Kickpad recently with multiple rounds. How much funds did you raise from you IDO and are there any tokens left or all sold out? I also want to learn about vesting about these rounds. Did you lock any $ALLEY tokens for these rounds? And what’s your vesting strategy overall?

Abhijith Dattatreya | NFT Alley: We raised around 157bnb (100k) from the kickpad IDO.

1. 123457 tokens were allocated for these round, out of which around 14k tokens were return to us.

2. Public sale tokens are 100% unlocked.

3. Private sale is 15% unlocked during tge and remaining is released from day 30 for next 11 months. Linearly.

Foundation, team, ecosystem, advisors tokens are vested from 6months to 3years.

For detailed explanation of all rounds check out : http://bit.ly/nftalley-tokenomics/

Mary | Satoshi Club: So, your total supply is 10mln, right?

D. | Satoshi Club: thank you! so you have 10mil token in total…have you planning to implement a burning mechanism in your tokenomics?

Abhijith Dattatreya | NFT Alley: Yes total supply is 10million, current circulating supply excluding liquidity provision is less than 400k.

We don’t have plans for token burn yet, we’ll announce on our announcement channels if there’s any update on the same

Mary | Satoshi Club: Thank you for your answers! Everything is clear for me! Ready to proceed?

Abhijith Dattatreya | NFT Alley: Yep

D. | Satoshi Club: 🚀🚀🚀

Q2 from Telegram user @NataliyaKil

In Q2 you plan to launch NFT Marketplace on BSC (V1), and in Q3 you plan to launch NFT Marketplace on other networks (V2). At the moment, there are a lot of NFT Marketplaces on the market with various incentives for users. How can you interest us, what will be so special in your NFT Marketplace, different from the competition? And Marketplace is already ready to launch, have you worked through everything, tested all the processes from the moment of user registration to making a deal?

Abhijith Dattatreya | NFT Alley: To compare with our competition..

We offer couple of advantages:

1. Super low fees to create/transact NFTs as we are on BSC

2. We will also be the first dedicated marketplace on BSC with custom minting options.

3. Also, right now an NFT is only unique on the blockchain it was minted on. What we would do after we scale to multiple chains is create a multi chain NFT registry which will enable collectors/users to verify the authenticity across chains.

On the testing aspect, we have tested out the marketplace flows internally and they are working fine in all aspects. We are doing more internal reviews and are planning to open up the testnet for user feedback next week.

Mary | Satoshi Club: Third point is the most impressive for me😀 Can you explain how it will work?

Abhijith Dattatreya | NFT Alley: To explain in brief: Using APIs, we’ll be collecting image hashes across multiple blockchains, store them in a database, where they can be compared when a user is planning to review the authenticity across chains.

Mary | Satoshi Club: That’s interesting! Did anyone before you try to do this?

Abhijith Dattatreya | NFT Alley: Nope! Currently, we are the only people who are trying to achieve this.

Mary | Satoshi Club: That’s cool! I wish you success in this!

Thank you for your answers! Are you ready for the next question?

Abhijith Dattatreya | NFT Alley: Yes

Q3 from Telegram user @andrey_seleznov

Hi NFT Alley!

You are advertising an incredibly tempting gasless transactions that will allow users to execute multi-chain NFT trades with near zero costs. Please tell us more details, how do you plan to achieve this especially when trading across multiple chains? I wonder because all major layer1 chains are all requiring fees, ETH the most. Thank you!

Abhijith Dattatreya | NFT Alley: We are planning to start multi chain transactions across POS or L2 chains where fees will be close to zero for multi chain trades.

For ETH, currently we are doing some POCs on how we can reduce fees and incentivise users. We’ll share the details once our POCs are complete.

Mary | Satoshi Club: Which L2 chains are under your radar?

Abhijith Dattatreya | NFT Alley: Currently we are looking at polygon

Mary | Satoshi Club: Good choice!

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

Abhijith Dattatreya | NFT Alley : Yes

Q4 from Telegram user @neverencryp

Recently, in NFT market place we are always having some issues like copyright issues, do you have a way you look at the issue of copyright in your NFT market or do you have any plan of creating a p2p that enhance communication among users that sells and buys in your marketplace.

Abhijith Dattatreya | NFT Alley: Yes, this is a valid concern across multiple NFT marketplaces right now. What we offer right now to combat this issue:

1.    Verified Artists Feature

2.    Report functionality which help us to delist counterfeit NFTs from the platform.

What we will offer in the future?

1.    AI based probabilistic models which can detect similar NFTs

2.    As mentioned previously, right now an NFT is only unique on the blockchain it was minted on. What we would do after we scale to multiple chains is create a multi chain NFT registry which will enable collectors/users to verify the authenticity across chains.

Mary | Satoshi Club: You will verify artists by yourself? How this will work?

Abhijith Dattatreya | NFT Alley: For now manually verified by NFT Alley, will be done via governance in the future

Mary | Satoshi Club: Also, do you plan to make automatic delisting or this will be partially manual process?

Gotcha!

Abhijith Dattatreya | NFT Alley: Similarly, for delisting as well.

Mary | Satoshi Club: Understand!

What about governance? When do you plan to implement it?

Abhijith Dattatreya | NFT Alley: Q4 2021

D. | Satoshi Club: got it! thank you for answer! ready for the next question?

Abhijith Dattatreya | NFT Alley: Yes

Q5 from Telegram user @Jonahapagu

NFT Alley is said to be thriving towards filling the vacuum between creators and collectors by ensuring multi-chain trades, information symmetry and hefty rewards for investments.. Hefty rewards for investments is something every investor will be interested in, what kinds of rewards are you talking about here and what are your plans to not only provide this hefty rewards as stated but ensure the continuity of such kinds of rewards on your platform…

Abhijith Dattatreya | NFT Alley: We will offer the following rewards:

1. LP mining

2. ALLEY rewards for Creators and Collectors. We’ll have good rewards for top users.

3. Platform fee discounts for holding ALLEY.

To do all these things, we have allocated 45% of the token supply for the ecosystem and rewards.

D. | Satoshi Club: do you planning such a function as NFT staking?

i know some projects offer this

Abhijith Dattatreya | NFT Alley: We’ll have staking of NFTs for loans/price discovery.

Mary | Satoshi Club: Yes, this will be attractive!

It will be on your platform?

Abhijith Dattatreya | NFT Alley: Yes it’s part of q3 plan

Mary | Satoshi Club : Oh, we will be waiting for this event!

D. | Satoshi Club: [ 👍 Sticker ]

thanks for the answers! and we have the last question from this part, ready? 😊

Abhijith Dattatreya | NFT Alley: Yep

Q6 from Telegram user @Ajpaa

NFT Alley Liquidity mining (LM) from one of your post said to have captured the imagination of dozens of protocols as a better way to distribute tokens and will soon be flourishing in NFT Alley platform too. Can you explain this and how it will flourish on your platform. Thanks

Mary | Satoshi Club: Is this wrong info?

Abhijith Dattatreya | NFT Alley: We are planning to launch the LP program soon, and we’ll offer attractive APYs, which we believe would help us bolster our liquidity pool.

Not entirely our product info, but I’ve answered how liquidity relates to us.

Mary | Satoshi Club: Gotcha! I really waiting for thus day, LP programs almost always profitable 😉

Also, we want to ask you to tell us about your platform security 😀

Did you make any audits?

D. | Satoshi Club: your favourite question? 😊

Mary | Satoshi Club: Yes😂

Abhijith Dattatreya | NFT Alley: Yes our token contracts are audited and we’ll be auditing our mainnet contracts once we receive testnet feedback.

Mary | Satoshi Club: Awesome! You care about security!😀

Btw, do you see clouds on the sky?😂 Storm of live questions is coming

Abhijith Dattatreya | NFT Alley: 😅😂

D. | Satoshi Club: are you ready to hear them?! 😁

Abhijith Dattatreya | NFT Alley: Yep let’s do this👍👍

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from telegram username @highpee

Your total allocation of 123457 tokens to kickpad IDO is somewhat unique. Are there any reasons why you chose that number? And since your said about 14k token were left and returned , are you planning to conduct another IDO or what do you intend to do with this left over token?

Abhijith Dattatreya | NFT Alley: We’ll be using them for community rewards. Things like meme competition, referral program etc 👍

Q2 from telegram username @lionel_Ahmet

Apart from AMA What other marketing strategy are you having in kind to putting in place to aid project development and growth?

Abhijith Dattatreya | NFT Alley: 1.    We have hired social media interns who are reaching out to artists. We’ve got some good response in that direction and we’ll be onboarding them on testnet to mint some of their work and reward them for referring more artists.

2.    We are bringing in a drops section where popular artists or upcoming artists can exclusively drop their NFTs to collectors.

3.    We are also actively in touch with multiple NFT platforms for partnerships, which would be announced shortly. This would help us further to drive community adoption.

4. We are also collaborating with some of the top YouTubers to bring more traction to our platform

Q3 from telegram username @alptrader

Please tell about your team what is the experience of your team and what experience do you have for art and blockchain topics? ALso why don’t you have any CEO?

Abhijith Dattatreya | NFT Alley: You can find the detailed Team’s info on the website (nftalley.io). We are a team of 12: 2 Co-Founders, 1 Director of Product Development, 1 Lead Solidity Dev, 1 Full stack dev, 2 Frontend Developers, 1 UX Designer, 1 Technical Advisor and 3 SocialMedia/Research Interns.

Q4 from telegram username @andrey_seleznov

🖐 Hi NFT Alley! 🙌🙌

Your Roadmap has an interesting point NFT Governance. How will it work? Will there be specific NFTs that users will need to hold in order to participate in the governance?

Abhijith Dattatreya | NFT Alley: We’ll be using $ALLEY for voting power/governance.

Q5 from telegram username @Aqillaa

Binance has high transaction speeds and low gas fees. Are you planning to launch the mainet or switch to another blockchain in the future?

Abhijith Dattatreya | NFT Alley: Once we launch our v1 marketplace on bsc, we are planning to launch on other L2 chains like Polygon.

Q6 from telegram username @pavaaaaaan

What are the current payment methods that are available and is there any chance to look at accepting other currencies?

Abhijith Dattatreya | NFT Alley: We offer BNB and ALLEY as support. More currency support will be added based on future partnerships.

Q7 from telegram username @kimzyemma

Talking about youe transaction fee, Where does NFTALLEY get its income since its transaction fee is very low?

Abhijith Dattatreya | NFT Alley: The way we are going to generate revenue for the company is by collecting a platform service fee. We are confident that once our platform gains traction, our platform fees would be enough to help us sustain for the long term.

Q8 from telegram username @gendisgladis

How can I buy your token? Is it currently available at $ ALLEY?

Abhijith Dattatreya | NFT Alley: We are listed on PancakeSwap:

https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xf8d954168fbbf579f8fad5f7583d4f76f10ae97d/

Q9 from telegram username @xperia3

Can you explain about Clean NFT feature of your project?

Abhijith Dattatreya | NFT Alley: We at NFT Alley, have been working to build a platform where sustainability has a prime importance. Even in the most minute aspects of its design (for example : by primarily maintaining a Dark theme on our platform) NFT alley has been putting focussed efforts towards ecological well being.

We are also built on BSC which uses POS which is much more eco friendly than ETH’s POW.. So yes, NFTs minted on NFT Alley will be a clean NFT 😀

Q10 from telegram username @nassiruddin

↪️ Can you list all your Social Media where I can follow you and see your Updates and announcements??

Abhijith Dattatreya | NFT Alley: Official Social Media Links:

✅ Telegram: t.me/nftalley

✅ Announcement Channel: t.me/nftalley_ann

✅ Twitter: twitter.com/nft_alley

✅ Medium: nftalley.medium.com

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/

Russian Telegram group: https://t.me/satoshi_club_ru/

Spanish Telegram group: https://t.me/satoshi_club_spanish/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/nftalley/

Twitter: http://twitter.com/nft_alley/

PART 1. Introduction of Cryptomeda project and community questions.

Hello, Satoshi clubbers and guests of this site. Do you like NFT? Yes!!! Today we have a cool NFT project.

Cryptomeda aims to create a fantasy NFT ecosystem. New kind of entertainment that opens the door for mass adoption and the system is simple enough to understand even for „crypto newbies“.

The plan of AMA session:

1. Part – Introduction and preselected questions.
2. Part – Live questions
3. The Quiz about Cryptomeda

The reward pool is 500$

Leading the AMA our clever and fun admins:

Gold Rocket | Satoshi Club – @GoldRocket27 

Mary | Satoshi Club – @madamlobster

The Representative of the project:

Martin Jerabek – @BUGiiiii

Deepak Yadav – @deepakyadav56

Martin – @Martomek

Introduction of Cryptomeda project.

Gold rocket | Satoshi Club:

Hi, dear community! 😊

Mary | Satoshi Club:

Hello Satoshi Club! We are happy to announce our ama session with Cryptomeda! Welcome to Satoshi Club😀

Martin jerabek:

Hello Satoshi Club

Mary | Satoshi Club:

How are you today?😀

Gold rocket | Satoshi Club:

Today our guests are @martomek @bugiiiii @deepakYadav56!

Martin jerabek:

I am good thank you. How are you?

Martin:

Hello

Mary | Satoshi Club:

Hello, martin! Welcome here.

Gold rocket | Satoshi Club:

We are very excited about the upcoming ama, are you?

Mary | Satoshi Club:

We are fine, excited about today’s ama 🚀

Deepak Yadav :♚

Hello everyone.

Martin:

Thanks a lot for welcoming 😀

Deepak Yadav :♚

Glade to be here.

Gold rocket | Satoshi Club:

Hello and welcome to Satoshi Club, guys! Let’s start!

Mary | Satoshi Club:

Welcome to Satoshi Club 😉

Mary | Satoshi Club:

So, let’s start with the intro 😄

Gold rocket | Satoshi Club:

Introduce yourself, please. How did you get to be involved in crypto & Cryptomeda?

Martin jerabek:

Okay let’s do it

https://www.linkedin.com/in/martin-je%c5%99%c3%a1bek-87ba6920a/

–  my name is Martin, I am one of the co-founders of Cryptomeda. I have been a professional poker player since 2010. I became enamored with crypto in 2016/2017. I tried to absorb as much information as I could. Investing in crypto projects turned into my new hobby. I gained a lot of skills and abilities thanks to playing poker that I implemented here. My interest in economics and informatics helped a lot as well. In the summer of 2020, i had an idea about creating my own crypto project. I was very lucky that my two closest friends are top class in graphic design and software development. We put heads together and started developing Cryptomeda.

Mary | Satoshi Club:

Wow, interesting story! You’re really lucky! Were your friends in crypto before you decided to create Cryptomeda?

Martin:

Yes, from childhood 😄

https://www.linkedin.com/in/martin-hromek-50b19a11/

My name is martin. Cryptomeda co-founder

Software engineer with 10+ years of experience, main technologies utilized java, UNIX, oracle …

In crypto since 2017

By Cryptomeda, responsible for covering/coordinating tech-related tasks.

Dusan trizuliak.

https://www.linkedin.com/in/dusan-trizuliak-951a1181/

–  Cryptomeda design team leader

–  focused on customer satisfaction and creating user experience through design, problem-solving, and user validation. At the same time passionate about visual design to bring meaningful and emotional experience

Creative UX/UI designer and digital artist with over 10 years of experience in web, marketing, and concept design committed to producing, clean graphics that set my clients apart from the competition. If you value elegant and compelling graphic works, delivered quickly, then you would love to work with me.

Mary | Satoshi Club:

Awesome experience!

Deepak Yadav :♚

My name is Deepak (Deepak Yadav)

I have more than 4 years of experience in crypto pr and marketing.

I started my career in crypto in 2017 December as an investor and writer about booming technologies.

Mary | Satoshi Club:

2017 brought us so many fantastic people 😄

Deepak Yadav :♚

Haha exactly

Martin jerabek:

Bull-market connected us all 😀

Mary | Satoshi Club:

Crypto connects people 😍

Gold rocket | Satoshi Club:

This story is similar to that of Mary (@madamlobster) and me😁

Martin jerabek:

This new Bullmarket will connect even more people 😀

Mary | Satoshi Club:

Sure!

Gold rocket | Satoshi Club:

I totally agree🚀🚀🚀

Martin:

https://www.linkedin.com/in/tom%c3%a1%c5%a1-hus%c3%a1r-34a55719b/

–  tech advisor at Cryptomeda

–  developer, game enthusiast, strong-minded, seeking challenges. Started working on games

At a very young age, first just home in the evenings after school and after few years full-time in

The biggest game-dev studio in Slovakia. Gained a lot of experience in every aspect of

Developing the game learned how to achieve goals in production and with help of surrounding

Managed to get better both in hard-skills and soft-skills required in this always-changing branch

Of industry

https://www.linkedin.com/in/zachary-williamson-44aa191bb/

– I am a senior blockchain developer with 12 years of experience. Prior to blockchain, I gained significant expertise with javascript and solidity.

I enjoy working on complex tasks that demand not only solid dev skills but strong logical thinking and creativity. I help companies with the full development cycle, from architecture development to MVP creation to launching a working beta.

Having successfully completed more than 50 projects, I have developed expertise across the following sectors:

• enterprise
• CRM/ERP
• real estate
• eCommerce
• Adtech
• online gambling
• startup mvp

My key technical capabilities include:

• solidity, Ethereum, smart contracts, truffle, web3js, ganache, Metamask, infura, remix, loomx, Hyperledger fabric, node.js, express, java, eos

https://www.linkedin.com/in/filip-tomaska-429ab9130/

– an experienced business professional focused on strategic development including a business plan, sales strategy development, and making new strategic partnerships. From a very young age, Filip was interested in ecology and renewable resources of energy. During high school, he co-founded his first startup and immediately fell in love with entrepreneurship and solving problems.

Gold rocket | Satoshi Club:

You have a great background to start your own project guys🚀🚀🚀

Mary | Satoshi Club:

So, tell us what is Cryptomeda 😄

Gold rocket | Satoshi Club:

Yes! What is the essence of your project?

Martin jerabek:

Think about Cryptomeda as an NBA topshot but for the whole crypto space.

What we are trying to do is capture moments that are happening in crypto on our playing cards which are basically building blocks for the whole ecosystem we are building.

We will have our own story build around the project where everything clicks together and makes sense – e.g. Name of our token (tech) was carefully thought through.

We have our own story writer and publisher – we will actually make our own NFT comic book at the end of each episode of the story.

Playing cards as NFTs is our first product and we are working on many others.

Some of them I can mention are NFT marketplace (used also for auctions of special items and physical NFTs), NFT launchpad, mobile game (similar to hearthstone) where your cards will come to life, in later stages pc game or additional games that will support the growth of the ecosystem.

What is very interesting about Cryptomeda is that anyone that is part of the crypto space, name it VC’s, influencers, YouTubers, founders of the projects, exchanges, etc. Can be included in our game and story – and this creates an opportunity for partners to engage with us.

Gold rocket | Satoshi Club:

How long does it take to develop a project? What plans do you have for the future? And what can we expect from Cryptomeda?

Martin jerabek:

We started around 1 year ago, so the project needs a lot of time and energy. Our plans are to successfully launch in early/mid June. We will have finished staking platform and marketplace. After the launch, we will start working on the mobile game and we will also launch the NFT launchpad

Gold rocket | Satoshi Club:

It is perfect! 👏👏👏 And very soon🚀🚀🚀

Martin:

Gold rocket | Satoshi Club:

Well, guys, you did a lot during this time! But more work lies ahead 👍

Deepak Yadav :♚

We are trying our best to deliver top-quality and amazing products to our community🚀

Gold rocket | Satoshi Club:

There is no doubt about it! And we want to present you with questions from our community😉

Martin jerabek:

We are happy to answer community questions

Gold rocket | Satoshi Club:

If you’re done with this flawless intro, we can proceed to these questions😊

Preselected questions about the Cryptomeda DeFi project.

Gold rocket | Satoshi Club:

Q1 from telegram user @jonahapagu

Your main product is a rare collectible card collection representing remarkable events from the crypto space transformed into a fantasy story… what kinds of events do you consider remarkable and represent on your collectible card collection, can you give us examples of such events. And why did you decide that it is events that the cards will represent instead of representing other things?

Martin jerabek:

It is the same idea as NBA topshot. We all love crypto and there are many remarkable events we want to memorize. Especially in the summer of 2020 when DeFi hype started which is one of these events. We took degen chad and transformed it into zombie chad with our fantasy story in the background. This is the whole process of how we choose characters from the crypto space and put them into our storyline.

Mary | Satoshi Club:

What fantasy story will be the first?😄

Martin jerabek:

We can send our brief storyline if you are interested.

Mary | Satoshi Club:

Sure!

Gold rocket | Satoshi Club:

Can you demonstrate something? Viewers love with their eyes 😉

Martin jerabek:

We have the whole story behind the tech title. The main reason why we are using the named tech for our token is that inside of the main fantasy story of the Cryptomeda, civilization is also using tech as the main and only currency in the ecosystem. I will give you a quick intro to the story.

Driven by uncertain future as the earth is at bringing of collapse due to climate change. Humanity’s last chance for hope was a mission to find a new suitable planet they could call “home”. After many trials and failures, the crew follows a strange signal into an unknown galaxy to uncover its source.

Upon arrival in the strange new galaxy, hidden by force, they could not understand they follow the signal to its destination.

Humans discover an ancient race in desperate need of help due to the upcoming civil war. After many hard-fought battles, alliances were made, tyrants dismantled, and an era of peace established. New hope for humanity’s future was at hand.

Techodron was worshipped by ancient as a source for prolonged life and infinite wisdom. Once humanity encountered natives in their desperate civil war and help them achieve peace, they managed to teach them about the invisible network energy floating around the Cryptomeda. The energy was called techodron.

With the farmer’s help (a race of extremely intelligent workers) humans were able to harvest the techodron energy through a hardware system and transform it into currency with unlimited possibilities. They call it tech – technology (inspiration from how bitcoin started)

Tech is earned by each individual and sent to the owner’s tech-on as an income and fuel for security in form of various weaponry. It represents the system and order within cities.

Tech is the alfa-omega of the whole Cryptomeda universe, its source of conflict and prosperity alike.

It is the most valuable commodity in the whole universe and the only currency in the ecosystem. In wrong hands, it can manifest as the source of great power.

Mary | Satoshi Club:

An interesting story! I’m sure users will like it! On which blockchain will you bring your stories to life?

Martin:

Ethereum

Martin jerabek:

I’m sorry for the bad quality

Gold rocket | Satoshi Club:

I love science fiction. This story is absolutely in the spirit of the times 👏👏👏

Deepak Yadav :♚

Glad you like it 🥳

Gold rocket | Satoshi Club:

@bugiiiii the crypto queen 👑 is beautiful 😍

Thank you very much for your answers! Ready for the next question? 😉

Martin jerabek:

Thank you. Guess what coin/character she represents.

Gold rocket | Satoshi Club:

Give me a hint 😁

Martin jerabek:

You can see a logo there. She is holding a special stick. The logo is on the top of it

Mary | Satoshi Club:

I see😉

Martin jerabek:

I understand the quality is not good. It’s from one coin (scam)

Mary | Satoshi Club:

Ohhhhh

Martin jerabek:

Therefore she looks like a villain.

Gold rocket | Satoshi Club:

I will wait for the launch and then I will take a good look at it 😉

Mary | Satoshi Club:

I remember this ‘project’

Gotcha! Luckily i was not familiar with it. Great characters!

Martin jerabek:

Luckily, me neither 😊

Gold rocket | Satoshi Club:

So, Can we proceed?😊

Deepak Yadav :♚

Yes, please 😊

Martin jerabek:

Sure.

Gold rocket | Satoshi Club:

Q2 from telegram user @brainchest

I was interested in getting cards for completing community quests. Can you lift the curtain of mystery and tell me what it is – community quests? Do I have to be a token holder or an NFT to participate?

Martin jerabek:

You can participate in community quests only when staking – by sharing arts and ideas for future collections. 50% of cards sent to the users will be through community quests. So yes, you need to be holding tech tokens and also staking them. Voting is also part of our quests – governance utility. Users can participate in the future of cyrptomeda by completing quests and also can win NFT cards. Win-Win for both sides

Gold rocket | Satoshi Club:

Yes, it is a win-win for everyone👍

Mary | Satoshi Club:

As I understand everything will happen on your platform? 😄

Martin jerabek:

Users will share arts and ideas on our discord channel.

We will launch community quests for our community in the coming days to try it and give us their feedback.

Gold rocket | Satoshi Club:

Does this mean you need testers?😉

Mary | Satoshi Club:

Gotcha!

Martin jerabek:

We want to make it the best as we can. If the community doesn’t like something, we are willing to change it for the  better

Gold rocket | Satoshi Club:

Thank you very much for your answers! Everything is clear to me! Ready for the next one?🚀

Martin jerabek:

Sure!

Gold rocket | Satoshi Club:

Q3 from telegram user @korryl

I’m really excited because I read that after Cryptomeda launched, you will start to create a mobile game that your NFT possible to use inside the game. Can you tell us what kind of game will you make? Is it an RPG, a betting game, or maybe a card game?

Martin jerabek:

I will throw some ideas from my poker background 🙂 if you know heartstone it might be very similar + using NFTs + our own concept

We would like to create more games as well. Even totally different where users can use NFTs, and also tech token for purchasing special items, skins, etc.

Mary | Satoshi Club:

This will be interesting! So, to use your platform we will simply connect Metamask?

Martin jerabek:

Yes.

Mary | Satoshi Club:

And now my favorite question 😂 is your platform audited?

Deepak Yadav :♚

If you are asking about our smart contract it’s submitted for the audit once we get passed will be announced on our channel ☺️

Mary | Satoshi Club:

Which audit firm did you choose?

Martin jerabek:

We are in the process of auditing of erc20 smart contract. All smart contracts will be audited as well.

We choose Certik as they have very good references, and we have a good deal with them thanks to our early investors/advisors.

Mary | Satoshi Club:

That’s true!

And another question – what about fees on Ethereum network? They are high.

Martin jerabek:

Yes, this is one of our main dev topics. Our top pic is layer2 on Ethereum, but we are also considering the other l1 chains such as flow, Solana, Avalanche, near.

Deepak Yadav :♚

Of course, tire one Certik 😃

Mary | Satoshi Club:

Fantastic 🚀

Gold rocket | Satoshi Club:

These are the best auditors for today.👍

Mary | Satoshi Club:

Nice choice! Sure, you will choose the best!

Gold rocket | Satoshi Club:

Thanks for your answers! Can we proceed to the next question?

Martin jerabek:

Let’s go😃

Gold rocket | Satoshi Club:

Q4 from telegram user @yellowchamp

Cryptoverse is now changed to Cryptomeda, it is even more passionate and devoted to bringing a change in the world of blockchain and crypto collectibles. So, can you tell us the reason behind the changing of name? Since Cryptomeda name came, what are some changes or development that your platform achieved so far? What great impacts that changing of project name bring to your platform, to your partners, to the community, and to investors? Thank you

Martin jerabek:

The answer is simple. Cryptoverse might have copyright issues while the trademark is in the ownership of Gemini. It is much better to have an original name. We like it even more as well as our investors. Our community had also positive feedback on our rebranding

Mary | Satoshi Club:

I also like it😍 did you change something more? Or just name?

Deepak Yadav :♚

We just changed the name only the rest are all same as before.

Gold rocket | Satoshi Club:

I like the explanation. What do you mean by this title?

Martin jerabek:

Cryptomeda has created from the words crypto + andromeda. It fits our project perfectly

Martin jerabek:

Basically, we continue as before 😃 nothing really changed.

Mary | Satoshi Club:

That’s clear, guys! Thank you for your answers! Ready to jump to the next question?

Martin jerabek:

Yes, please

Deepak Yadav :♚

Go ahead 👍

Gold rocket | Satoshi Club:

Q5 from telegram user @victorogb

One of the objectives of Cryptomeda is to create an interesting system of NFT  collectibles that might attract mainstream attention. In achieving this, such NFT  focused project must show features and have products that are hugely versatile covering a wide variety of fields and arts. However, Cryptomeda’s main product is a collection of rare collectible cards representing unique events from the crypto space. Remarkably, there are lots of projects offering similar products, why has Cryptomeda choosen to make this particular NFT  niche it’s the main focus, and wouldn’t it better suit the long-term goal of Cryptomeda if other NFT  niches are promoted along side that previously stated?

Martin jerabek:

We have some advantages against our competition. We have a very unique design, cards are animated, fantasy story line in the background, mobile game, we also want a physical NFTs to the production.

Mary | Satoshi Club:

Ohhh, I love the idea of physical NFTs👍

Deepak Yadav :♚

Cryptomeda is aiming at making the crypto world fun and easy for crypto newbies, as well as for crypto veterans. We would like to bring more people from the traditional sector. Anybody who is interested in collectibles, gaming, and fantasy stories in general, might find Cryptomeda as a fun platform.

Gold rocket | Satoshi Club:

You have everything well thought out!

Martin jerabek:

Thank you very much, Satoshi Club

Deepak Yadav :♚

Thank you very much 🙌

Gold rocket | Satoshi Club:

Thank you very much for the good answers! Are you ready to move on to the last question in this part?

Martin jerabek:

We are ready.

Gold rocket | Satoshi Club:

Q6 from telegram user @highpee

You will have your own NFT  marketplace and I read that the marketplace will be equipped with an additional functions for auctions of special items and physical NFTs. What special items will be tradable in your marketplace and what do you mean by physical NFTs when most NFTs are digital assets or collectible which are not tangible or physical? Also, i read that your marketplace will only be supporting NFTs issued by you. Why don’t you want to support NFTs from other platforms, since in most cases, NFTs marketplaces are always opened and support the trading of NFTs from other sources in addition to their own?

Deepak Yadav :♚

Only cards issued by Cryptomeda will be seen in our marketplace. No other NFTs as well as no fakes/copies. Marketplace will also feature machine learning (when we grow). Additionally, on the marketplace, there will be special auctions of NFTs, physical NFTs, social NFTs. Users might also find the best collectors and make an offer for NFTs they hold.

Martin jerabek:

After one year we will finish part 1 of our story. We will create a fantasy book that would be one of our physical NFTs with some additional secret rewards for the owner – we will sell it through auctions.

Mary | Satoshi Club:

What is social NFTs?😄

Martin jerabek:

We meant social tokens – NFTs from influencers and customers

Gold rocket | Satoshi Club:

Wow! These will be collectibles, obviously?

Mary | Satoshi Club:

Will you have NFTs burning function, like another project have? Burn several simple NFTs and get one upgraded instead 😄

Martin jerabek:

Of course, 🙂 number of pieces will depend on the popularity of our project but it will be capped for sure

Mary | Satoshi Club:

That’s cool!👍

Martin jerabek:

When you collect the entire collection of cards within the collection you have an option to burn it and create the revolution card. It is super rare card giving airdrops to the owner for the next 50 weeks

Mary | Satoshi Club:

Oh, I like this!

Martin jerabek:

Airdrops of tech tokens. The stronger cards you burn, the higher airdrops you earn

Mary | Satoshi Club:

Airdrops are that things we like! Thank you, guys for your answers!

Martin jerabek:

For understanding, each card has some attributes. You can find stronger cards in comparison to the others

Gold rocket | Satoshi Club:

Well, guys! You are cool! 👍 now get ready for the most impressive part of our ama – live questions!

Martin jerabek:

Let’s do it

Mary | Satoshi Club:

Super! Sure, it will work! Can’t wait to see this! And live part is almost here 😃 Let’s go 🚀

PART 2.Questions about the Cryptomeda 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 Cryptomeda 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 @Jonahapagu

One of the interesting Utility and usability of TECH Tokens in cryptomeda is the Cryptomeda NFT game.. can you explain what kind of game is the Cryptomeda NFT game, and what will NFT’s and TECH Tokens be used for in the Cryptomeda Game.?

Deepak Yadav ♚:

Q – 2 from a telegram user @highpee

Your first product is PLAYING CARDS as NFTs and you you will also introduce a game at a later stage which will be similar to Hearthstone where these NFTs Cards will be needed to play the game. What is Playing Cards NFTs and how they are gotten? How are they expected to be combined in games and does this mean that your games cannot be played without the NFT? 

Martin Jerabek:

You can get NFT cards for staking, completing quests or just buying cards from the marketplace. these NFTs will be used in the card game, but when we create a non-card game, you can use NFTs as special items, boost, etc in the game.

Q – 3 from a telegram user Deleted user

Copied question.

Martin Jerabek:

We will have our own staking platform with different pools (standard staking and liquidity staking). you can earn income and also have a chance to win NFTs.

Q – 4 from a telegram user @JoxesXIII

What are the measures that Cryptomeda is going to implement in its marketplace to be fair and avoid scams and NFTs with zero value?

Deepak Yadav ♚:

Hey Joxes thanks for you question as I said before
only cards issued by cryptomeda will be seen in our marketplace. no other NFTs as well as no fakes/copies. Marketplace will also feature machine learning (when we grow). additionally, on the marketplace, there will be special auctions of NFTs, physical NFTs, social NFTs. Users might also find the best collectors and make an offer for NFTs they hold.

Q – 5 from a telegram user @nitrogenpower

Hello Martin @BUGiiiii As a professional poker player, did you play Texas Holdem poker?

Martin Jerabek:

Yes, mostly online cash games, but sometimes even Sunday tournaments. when I got bored I even played in the casino 🙂 do you play poker too?

Q – 6 from a telegram user @IsabellaIsla

I was looking at each of your cards and I really liked how they are designed and the excellent graphics that the characters have. Can you tell us more about this? Who is in charge of designing your NFT letters and characters? Also, would you accept designers or artists who want to contribute to Cryptomeda’s designs?

Martin Jerabek:

Hello Isabella, Good question. The design does one of my best friends, co-founder, design specialist – Dusan Trizuliak. He is top-class in the graphic sector. If you are interested in the job as an artist – we are hiring 🙂 just let us know in our telegram group or write us DM.

Q – 7 from a telegram user @Pirry05Universe

Do the cryptomeda development team know each other personally, have they ever met for meetings perminent to the project?

Martin Jerabek:

Core team/co-founders – we are bros from our childhood. we know each other pretty well, we trust each other. we are from Slovakia and we also have a lot of people from Slovakia to help us with the project. thanks for a good question.

Q – 8 from a telegram user @centoscu

Where do you guys active more? There on telegram or on your discord channel? Which one do you recommend?

Martin Jerabek:

We use mostly telegram, discord is our workspace but it is also for the community – quests will be here in the coming days.

Q – 9 from a telegram user @josuchams

What are the differences of
Round seed tokens,
Private tokens and
public tokens?

Deepak Yadav ♚:

There is only a Price difference nothing else 🙂
The VCs who invented in us on early seed price is 0.008
The private price is 0.012
The public IDO price is 0.014.

Q -10 from a telegram user @Sumione

How many teams are currently working on your project? Are they well experienced and can you tell us more about the expansion of team members?

Martin Jerabek:

Around 12 team members working full-time, we are expanding like hell, I expect around 20 when we launch.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Cryptomeda 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.

Our contacts for more details: 

  English Telegram group  |  Russian Telegram group   |  Spanish Telegram group  |  Telegram Channel   |  Twitter |  Website 

Our Crypto Partner by this AMA: Cryptomeda

Telegram group  | YouTube |  Tweeter  |  Website  |  Medium  

We are pleased to announce our next AMA on May 8th 2021 at 05:00 PM UTC Time: Satoshi Club x TollFreeSwap

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

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

Part 3: 300$ – A quiz about TollFreeSwap

For more details:
TollFreeSwap Website – tollfreeswap.org
TollFreeSwap Telegram – @tollfreeswap
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 Mist and our guest was:
@Kickdev
@Indigo_Guru
@Mist_game
@Scythe_Q

The AMA took place on the 14th of April.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

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

Part 1 — introduction and questions from the Telegram&WebSite

D. | Satoshi Club:
@Kickdev @Indigo_Guru @Mist_game @Scythe_Q welcome guys! happy to see you in Satoshi Club! 😇

Mist NFT – Will Never Ask For Money:
Hello, Satoshi club! Excited !!!!! Maybe too much coffee I dunno. Let’s go! It’s me for now. They worked hard last night having their rest.

D. | Satoshi Club:
Gotcha! let’s start then! 🚀

Mist NFT – Will Never Ask For Money:
So basically I am one of the team members of Mist. Our team is in the double digits now. Some of us are actively involved in Academic research/ Machine learning. This project started as a fun game project for ourselves later things have gotten bigger and here we are.

D. | Satoshi Club:
Are you prefer to stay anonymous or you are a public team?

Mist NFT – Will Never Ask For Money:
We are an anonymous team at the moment. Some of us wanted to go Public, but the majority didn’t so we ended up staying anonymous.

D. | Satoshi Club:
And what is Mist all about? 😇

Mist NFT – Will Never Ask For Money:
We have been working on this for more than a year now, the name wasn’t Mist actually.
We went through a semi incubation process with @Indigo_Guru and @Kickdev. They helped us re-brand and integrate some of the blockchain functionality and also helped us with the tokenomics. They are one of our many advisors (Soon to be announced on Twitter).

Mist is basically a kickass Action RPG that you would wanna play. And on top of that, we are on the blockchain.

D. | Satoshi Club:
Nice! Btw do you have any advisors from the game industry?

Mist NFT – Will Never Ask For Money:
Yes, we actually do and hopefully, you will see it in the upcoming announcements.

D. | Satoshi Club:
😉 got it!

Mist NFT – Will Never Ask For Money:
Okay so basically the first thing that is relevant to today is this.
We have a whitelist event at the moment and everyone should join to earn a chance to get a whitelist spot.
This whitelist contest on gleam doesn’t require you to hold a kickpad so anyone can join.

Secondly about the game; we are trying to combine all the good things of Defi and gaming.
https://gleam.io/8ecVY/mistnft-kickpad-ido-campaign-contest

D. | Satoshi Club:
1020529 Total Entries! HYPE!

Mist NFT – Will Never Ask For Money:
Yes, we must say we really appreciate all the support and we are overwhelmed with it!

D. | Satoshi Club:
Q1 from Telegram user @victorogb
One of the features of Mist’s unique partnership with MantraDAO is the cross-community token offerings which is a pretty awesome idea as it will further open Mist & $MIST token to a bigger, larger, and the even greater community of users. I am particularly interested in knowing, how will these cross-community token offering events be carried out and what are some of the basic requirements for members of both communities to fully participate?

Mist NFT – Will Never Ask For Money:
It will be done via 2 part sale on the KickPad IDO Platform.

D. | Satoshi Club:
I should say that your medium-full of articles about partnerships, nice work guys 👌you working with many different projects.

Mist NFT – Will Never Ask For Money:
And more to come! Yeah so basically a whitelist spot would be around 30000/350 USD. There is no minimum.
Whatever that calculation gives 🙂

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

Mist NFT – Will Never Ask For Money:
Yes!

D. | Satoshi Club:
Q2 from Telegram user @Winner_don
You said that MIST is built on Unity with the Mist NFT Game Framework(MNGF) in your whitepaper. What is the MIST NFT Game Framework? What are the features of this Framework? On which blockchain network is Mist based?

Mist NFT – Will Never Ask For Money:
Okay, so this is not only a good question but a great question 🙂
Mist NFT framework is something that will allow independent developers to develop their game on our framework without actually knowing how to code.
Drag and Drop.
Add a quest
Add a monster
Add a character etc. all of these will be without needing to code.
Mist is based on Binance smart chain (BEP-20). Compare to ETH, BSC has super low gas fees which is convenient for a game where there are many transactions.
We don’t want to burden players with gas fees!

D. | Satoshi Club:
Yep, gas fees are a problem and BSC is the perfect solution to this.

Mist NFT – Will Never Ask For Money:
Ah, so why don’t you apply for the Whitelist contest.
You might get a sweet NFT! Absolutely possible.

D. | Satoshi Club:
Appreciate the answer! Ready for the next question? 👀

Mist NFT – Will Never Ask For Money:
Yes, send it!

D. | Satoshi Club:
Q3 from Telegram user @meml97
When we talk about the gaming side of Mist, we can see that is an RPG, and as with almost every RPG we have playable character classes and items and weapons that can help us through our adventure. But what I don’t see is if there will be any level difficulty mechanism and skills/weapons upgrade mechanism. So, will these two things exist within Mist’s gameplay? If so, can you tell us more about it and how will it work?

Question from a true RPG fan 😄

Mist NFT – Will Never Ask For Money:
So to answer the first question, Yes as you get stronger the monsters will become more difficult just like most RPG games, Different zones with different difficulties.
Coming back to the skill upgrade mechanism: Yes, and more importantly the planned skill trees are so flexible, it gives you the chance to almost make your own class. Obviously, you pick your own class says, shapeshifter. But at the end of the day with the skill t, thecan also make your character unique.
Also, not everyone has seen but we have shown it to special few people early on in our gameplay. It is pretty fast-paced and enjoyable. All will come including some lore bits and stories 😉 Currently, our focus is on a successful launch

Are you an RPG nerd as well?? How about I show you some early gameplay footage? Well, you ain’t that cool then. We will let him hang out with us!
Just kidding of course. Y’all are cool. Yes, let’s skip the formality aha.

D. | Satoshi Club:
Q4 from Telegram user @yiselen
Players can stake in-game currency (MIST’s native token) by purchasing or investing in in-game businesses such as taverns, general stores, and more. Do players get rewarded by “gambling” this way? What other uses does the Mist token have? Can you buy farmland in the game to get farm rewards?

Mist NFT – Will Never Ask For Money:
So first of it isn’t gambling. Imagine a pancakeswap pool right. Our farm/business/taverns are a visual representation of what would be a “farm” somewhere like Pancakswap. You purchase them with your token (stake tokens) and get rewards! Just like you would outside of the game. Which hopefully soon after launch we will have. Soon after launch, you will be able to have an lp pair where you can liquidity farm MIST tokens.

D. | Satoshi Club:
Are you planning any pack sales? With NFTs.

Mist NFT – Will Never Ask For Money:
Not at the moment, most of the items in our game are actually regular items. Special ones usually become an NFT. This means having the more special ones are not a necessity but a bonus within our game. So let’s say if a player chooses not to purchase these NFTs, it is fine they can still have a full gameplay experience. However, they will most likely have these NFTs drop in-game anyway. And obviously, we have a tier system from least rare to rare

One more thing about our NFTs and how they are different. Our NFTs are functional NFTs. This means let’s say you purchased the Shield of Agrazzak right, what that does is that you can actually move the NFT from your wallet to the game and Voila! It is an item. And they give you bonuses. For example, that shield I mentioned gives the player 10 percent chance to cheat death when their hp is below 3 percent. Or when you get the Stag, it gives you extra carrying capacity

But we are launching on Kickpad no later than this week. That I can say for sure.

D. | Satoshi Club:
Q5 from Telegram user @johana0012
As we well know, 2020 and 2021 have been crucial years because the use of the internet and devices has increased significantly. Most human transactions are carried out through the web, but there is significantly great insecurity. Have they conducted an audit to determine possible attacks and risks? What were the results of that audit? What management company provided the audit?

Mist NFT – Will Never Ask For Money:
We had 3 audits done and all were posted on our medium. mistnft.medium.com
Results were great we passed them with flying colors!
Also, we have 1 more security feature added which we will announce soon! We were audited by Solid, Solidity, and Hacken! This is because we are an anonymous team and we want to provide reassurance to people.

So we do everything we can to show the contract is secure, 100 percent.

D. | Satoshi Club:
Very good approach! I would love it if every anon team acts like you.

Mist NFT – Will Never Ask For Money:
Let’s go!

D. | Satoshi Club:
Q6 from Telegram user @JoanaZ
The pictures of the games look awesome, but looks that there are high CPU requirements associated, so can you please tell us what are the requirements to install and run the game? Can be played with Smartphones?

Mist NFT – Will Never Ask For Money:
So let me answer the second question first, no there aren’t any mobile versions atm.
We want to provide a full game experience on PC.
So what I will tell you about the CPU requirements atm, if you can play League of Legends or World of Warcraft on your computer, you should be able to play MIST 😉

Btw to stay in the loop, give us a follow on twitter.com/mistnft and our awesome advisors twitter.com/indigo_guru, twitter.com/kickpaddev.

We haven’t ruled out or even discussed this atm

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Johnny ℹ️🅿️

🙋‍♂️Hello MIST. You will allow GAME DEVELOPERS to be able to use your framework to build their own game on your protocol. What type of game can be integrated with MIST? Will you only support RPGs? How easy can this be done without the knowledge of coding as you claimed?

Mist NFT – Will Never Ask For Money:
We are going to be Genre- agnostic. So any type really.

Q2 from Telegram user @ Cs GO

After playing and getting in-game items is it possible to sell them for $MIST tokens?

Mist NFT – Will Never Ask For Money:
Yes, some, but not all.

Q3 from Telegram user @ Luke

How many whitelist spot is up for grabs?

Mist NFT – Will Never Ask For Money:
350.

Q4 from Telegram user @ Winner(Don)

MIST native token is the in-game currency, allowing you to farm and stake tokens to earn in- and out-of-game rewards. How can I get the token?

Mist NFT – Will Never Ask For Money:
We haven’t launched yet. Follow us to get updates!

Q5 from Telegram user @ Pie 🍀

Where can we purchase the $MIST token? What will be the long-term benefits for $MIST holders and buyers? Thank you.

Mist NFT – Will Never Ask For Money:
You can purchase it on pancakeswap once we are life.

Q6 from Telegram user @ CoinTravolta

Can I sell a farm that I have developed and grown on the Mist platform to another user?

Mist NFT – Will Never Ask For Money:
No, you can’t however you can cash out.

Q7 from Telegram user @ Coin Test

You are arranging the first IDO on KickPad right now while granting 350 whitelist spots to people on April 15th. After getting the whitelist winners on gleam, when will you make the IDO? How many tokens will be up for sale, what will be the price per token? And there is a limited edition in-game NFT for some whitelist winners. How you will determine the NFT winners?

Mist NFT – Will Never Ask For Money:
Gleam whitelist campaign is based on points. Winners are selected randomly however more points you have and more entries you have increased your chances of getting it. The whole process is lottery-based.

Q8 from Telegram user @ Marian Merheb

🧨 One common thing on RPGs is the possibility to have a different kind of objects/weapons/equipment/etc, that can be more or less valuable and powerful depending on how rare and difficult to find they are. So, will Mist’s NFTs be more valuable and powerful depending on their rareness both in-game and out there? If so, how will these rareness categories be and how can we get more valuable NFTs?

Mist NFT – Will Never Ask For Money:
We will list their tiers in-game and it will be obvious which ones are rare and which ones aren’t so much.

Q9 from Telegram user @ 🌼 Seoyun 서윤 🌼

Why did you choose the KickPad platform for IDO? Are there any different advantages over other platforms?

Mist NFT – Will Never Ask For Money:
Yes. Kickpad gives their investors a chance to get allocation depending on how many tokens they have in proportion to the pool size. As opposed to other platforms with a tier-based system. Also again we value their hands-on approach to providing us the best advice/resources.

Q10 from Telegram user @ Sweety

How many characters do you have in the MIST and how can anyone own land in the game?

Mist NFT – Will Never Ask For Money:
5 playable characters at the moment. Owning land is easy, depending on how many mist tokens you have you can get in and purchase land. The farms and taverns are a visual representation of your staked tokens.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram Community – https://t.me/mistnft
Twitter – http://twitter.com/mistnft
WebSite –  https://mist.game
Medium – mistnft.medium.com

We are pleased to announce our next AMA on May 7th 2021 at 03:00 PM UTC Time: Satoshi Club x Tacen

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

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

Part 3: 300$ – A quiz about Tacen

For more details:
Tacen Website – tacen.com
Tacen Telegram – @tacen_app
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 Dfyn and our guest was @Rsquare007 – CEO and co-founder of DFYN network and Router Protocol and @priyeshu. The AMA took place on 5th May.

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

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

Part 1 — introduction and questions from the Website

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

D. | Satoshi Club:
Today our guests – @Rsquare007 and @priyeshu !

Hello guys!

Nice to see you in our club! 😊

Ramani Ram:
Hello guys!

Ramani Ram:
Lovely to be here.

D. | Satoshi Club:
Good to have you here 😃

Mary | Satoshi Club:
Hello! Welcome to Satoshi Club 😀

D. | Satoshi Club:
How is it going?

Ramani Ram:
This is amazing!

Going great, full steam heading into our Polka IDO on Monday.

Thank you for inviting us on to this community.

Mary | Satoshi Club:
Yes! It will be a big day for Dfyn🚀

So, let’s start our AMA?😉

Ramani Ram:
Thanks, fingers crossed!

Yes let us dive right in

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

Ramani Ram:
Of course.

Ramani Ram:
My name is Ram (Ramani Ramachandran) and I am the CEO and co-founder of DFYN network and Router Protocol.

Previously.

I spent a long time in traditional finance across NYC/London and Singapore and started in Crypto in 2015

Mary | Satoshi Club:
Long time passed😉 you have good experience in crypto!

D. | Satoshi Club:
So you leader of both projects?

Ramani Ram:
Yes, the team has been continuously building in crypto for the better part of the last decade now. We initially started off with building a bitcoin side chain for trading tokenized pre-IPO securities. We then moved onto build the DEX, way back in 2018, subsequently we built a leading crypto derivatives platform, or rather the matching engine behind it, and then some low latency algorothmic trading software with which we ran a crypto fund. Our team is mostly engineers and product managers, and have been educated at some great schools around the world including MIT, IIT, NIT etc

We actually built the world’s first stablecoin DEX called Fordex, with a grant from 0x, way back in 2018.

D. | Satoshi Club:
Nice, you have pretty experienced team 👍

Ramani Ram:
Yes, I am the CEO, but I have a great team with me which is more important. Including Priyeshu, who is with us today on the AMA as well.

Mary | Satoshi Club:
Never heard about it, is it still live?

@priyeshu welcome here 😀

Ramani Ram:
No, we shut it down..we were seeing a lot of traction but with 0x relayers back then you had to subsidize eth gas costs and we were burning 3-4 eth a week ( around 1000 dollars back then) which was a bit unsustainable especially with well-funded competitors like Radar Relay.

We then moved onto other things including algo trading/low latency trading and so on and so forth

Mary | Satoshi Club:
Yes, I understand.

Ramani Ram:
Before coming back to DeFi sometime Q2 last year.

D. | Satoshi Club:
Since then you are working on Dfyn?

Ramani Ram:
Yes.

Mary | Satoshi Club:
And this is the point where Dfyn history started?😀

Ramani Ram:
Exactly.

Priyeshu Garg:
Thanks. Pleasure being here today!

D. | Satoshi Club:
Thank you for joining us 😊

Priyeshu Garg:
We were seeing ETH fees going up everyday, it went from 1-2$ per transaction to 50$ in a matter of few months. At high fees , the eco-system leaves out small players and becomes a hub for only whales. We hated that situation. Matic Network had transaction fees in fraction of cents like $0.0004 , so we decided to build AMM there and thats how Dfyn was born.

D. | Satoshi Club:
👍

Ramani Ram:
So we launched dfyn on matic and it is a super smooth experience especially when you compare to Uniswap. Zero gas, instant transactions etc.

Mary | Satoshi Club:
I am happy that we have you, we also are tired of high fees.

Ramani Ram:
Then we realized that the equally important problem was actually getting liquidity onto Matic from Eth and other chains

It is like you have a great suburb next to a city but no roads to get there

Mary | Satoshi Club:
Yes😉

Ramani Ram:
At this point in time, we started building out Router Protocol, a crosschain liquidity supermesh. Router is live on testnet across 5 chains – ETH, Matic, BSC, HECO and Avalanche. You can check it out at testnet.routerprotocol.com

D. | Satoshi Club:
Great! I will try it later 😉

Ramani Ram:
So together the vision is pretty simple, Router connects chains, like intercity highways or inter city airline routes. DFYN is the onboarding/off-boarding points for liquidity within each chain. At the moment, ROuter is on testnet and expected to go mainnet in a few weeks, and DFYN is live on Polygon and expanding to other chains in a few weeks and months

Mary | Satoshi Club:
It’s only for testnets, right? I see Kovan🙂

Ramani Ram:
Yes.

ROuter currently on testnet.

Going live in a few weeks.

Dfyn is live though.

exchange.dfyn.network

Priyeshu Garg:
https://testnet.routerprotocol.com/

Mary | Satoshi Club:
Fantastic! You did a great job!

Ramani Ram:
Thank you, we have a great team that has been building in crypto for a while now.

Mary | Satoshi Club:
Thank you for this detailed intro, Ramani! Do you have to add something or we can go to the questions from our community?😉

Ramani Ram:
Yes maybe a couple of things.

Mary | Satoshi Club:
Sure!

Ramani Ram:
With DFYN and Router, we are building out some cool crosschain infrastructure. The reality is that it is going to be a multichain unverse with ETH at the centre of it all, but with other chains having significant community and energy. So we need a way to move liquidity seamlessly across chains, and that is what Router and DFYN and the XCLP framework we are building (Crosschain Liquidity Protocol) is all about

Once we have a way to port liquidity across chains and a way to onboard and offboard liquidity within chains, the possibilities are truly endless. Everything that is currently on Ethereum or Matic or BSC, will not get repurposed to work seamlessly across chains…like if you get a word doc, you can open it up on a macbook or a windows or a linux machine. same way, the specifics of the underlying blockchain will recede into the depths of the blackbox, and you are going to deal increasingly with the application layer. LIke initially we all had Sun SOlaris servers but now everything is in the cloud in AWS or Azure and you deal with a screen on your mobile or ipad or whatever screen. Defi will also thus become truly chain agnostic, with crosschain plumbing like Router bridging these chains, and apps like DFYN and their successor version over the years building various interfaces for trading, lending, swapping etc.

Priyeshu Garg:
We are going to give away 3 whitelist spots in this AMA. one requirement is to ask a great question and another is to be part of our TG community. @dfyn_hq

Ramani Ram:
With DFYN and ROuter, we hope to build a set of core infrastructure building blocks on which app developers can further iterate and build cool apps for trading, crosschain lending, and so on and so forth.

Specifically, this could include, in addition to the sort of 1-inch across chains, potentially an Aave or Compound across chains, or even a Polkastarter across chains, something that folks can use to simulataneously launch multichain IDOs with various communities across chains contributing and competing for liquidity.

Router is already out and trading – listed on Bitmax, Uniswap, Bilaxy etc, we listed at $0.275 and now trading around $9.5.

Dfyn goes live on Monday.

Now we can move to community questions

One more thing.

We have a few whitelist spots for the AMA.

D. | Satoshi Club:
Nice gains 😃 for those who bought earlier 😊👍

Mary | Satoshi Club:
That’s awesome! Our community will be happy 😊

Ramani Ram:
So just remember to follow DFYN telegram, and ask a great question here on the AMA today.

D. | Satoshi Club:
Cool!

Thank you very much for the awesome intro! ready to star the first part of AMA? 😇

Ramani Ram:
Yes let us do it!

Let me quicky share socials if that is OK?

Website: https://www.dfyn.network/
Telegram: https://t.me/Dfyn_HQ
Telegram Announcement : https://t.me/dfynofficial
Twitter: https://twitter.com/_DFyn

D. | Satoshi Club:
🚀🚀🚀

Q1 from Telegram user @jodasf
What are the advantages that Dfyn has compared to other similar DEX networks? What services do you offer that make you stand out from the competition and that will allow you to have a good position in the market?

Ramani Ram:
👍

Priyeshu Garg:
Most DEXes are single chain while DFYN will be multi chain. That is not all, dfyn is gasless while most exchanges require gas.

Ramani Ram:
We are the first true multichain AMM. We also offer instant, gasless transactions on most L2 chains. Because we are multichain we are able to tap into a bigger liquidity pool, spanning across chains. We are also able to draw liquidity from the larger chains such as ETH and BSC to growing chains like Matic, HECO, AVA etc

Hope that answers your question.

D. | Satoshi Club:
thank you for the answer! btw can you share your thought on UniswapV3? V3 is almost here, do you think they will solve their issues in third version of protocol?

Ramani Ram:
Great question, Very thoughtful

Our personal view is that the beauty of Uniswap as it is is the AMM. You are getting trade execution certainty even if you are not getting the most efficient execution. This is the priority in the retail market.

With V3, with concentrated market making etc, they are targeting the established MMs and the professional finance folks from Chicago and NY and elsewhere – Jump Trading, DRW etc.

IIf you want to do that you might as well go the traditional CLOB route, and not be hampered by the v2 style AMM model. It seems to me to be a circuitous way of achieving essentially CLOBs and CEXes do very well.

However, it is still early days, and there might still be a market especially with the increasing main streaming of DeFi.

but it is going to take a while with V3 is what I feel and V2 model and its derivatives across other projects will continue to be super popular as the fungibility of the LP token is a powerful feature that is driving DeFi.

Hope that answers.

Mary | Satoshi Club:
But i should say even if it’s early days DeFi service became much more better and comfortable than they were at the very beginning

D. | Satoshi Club:
Great answer, thank you!

Mary | Satoshi Club:
Thank you for your answers! Ready to proceed?🙂

Ramani Ram:
Yes, please!

Thank you!

Q2 from Telegram user @h1drX
On your website you say that Dfyn was initially launched on Polygon and will soon expand to BSC, HEC, AVALANCHE, POLKADOT, ALGORAND. But I was surprised not to see Ethereum on this list, I know that Ethereum is very troublesome right now, but do you plan to expand Dfyn to the Ethereum blockchain too one day? Maybe when they launch Ethereum 2.0?

Ramani Ram:
Yes, absolutely!

So we could very well launch on Ethereum at some point. But at the current time it is not a priority as ETH is well served by multiple DEXes and gas costs are an issue..At some point we willl definitely have an ETH presence, although it is unlikely to be a basic Uni style AMM

D. | Satoshi Club:
Your approach is cover as many chains as possible? so you will continuously add and support more and more chains? like Cosmos, Solana, etc?

Ramani Ram:
Yes definitely, we want to use ROuter to traverse chains, and use DFYn to onboard and offboard liquidity with in each chain. So Dfyn will eventually have a presence in multiple chains. Solana Cosmos are all on the roadmap

D. | Satoshi Club:
Very nice! got it!

Mary | Satoshi Club:
Can you share your roadmap with us?🙂

Ramani Ram:
Yes definitely. the broad roadmap is to expand DFYN on matic in the first instance, make it the largest DEX on matic, as the liquidity on matic is increasing rapidly. Then we expand to a few other chains and plug into the Router mainnet as that launches

Once that happens, there will be a ton of liquidity flowing across Route into the various DFYN nodes on each chain.

https://twitter.com/_DFyn/status/1389312094739132416?s=19

Mary | Satoshi Club:
Thank you for sharing! Sure, you will reach all goals in time!

Ramani Ram:
The idea is to build a comprehensive crosschain infrastructure on which multple use cases in trading lending etc can be built upon by the developer community as well

We are sure going to try!

Mary | Satoshi Club:
I will definitely try Dfyn!🙂

Ramani Ram:
Awesome!

Mary | Satoshi Club:
Thank you for your answers! Ready to proceed?

Ramani Ram:
Yes definitely.

Q3 from Telegram user @ysasoma
Most of the DeFi projects are totally experimental even if they are launched for public use, which means that they can go wrong, even with a high-end audit, so I believe that what makes a project successful is the ability to identify and solve problems. Can you tell us, what are the tools that Dfyn has to identify and solve any kind of problem that may arise?

Ramani Ram:
Very relevant question – We will be getting all the contracts thoroughly audited.

One of the reasons the testnet for Router is delayed is that it is being audited currently.

Separately we focus lot on operational security and processes.

In light of the multiple hacks in the ecosystem.

Mary | Satoshi Club:
Who made Router audit?

Ramani Ram:
Router is being audited by a couple of firms currently. We will reveal the details before the mainnet launch in a few weeks

D. | Satoshi Club:
The more audits the better 😊👍

Ramani Ram:
Yes.

Ditto with Dfyn.

Audit details will be out soon.

Mary | Satoshi Club:
Super! We will wait for this ann😉

D. | Satoshi Club:
Big thank you for the answer! ready for the next question?

Ramani Ram:
Yes, please

Q4 from Telegram user @lzamg
One of the products of Dfyn is the Layer 2 Galaxy Farm. Would you tell us what are the most important features of this farming ecosystem? Is it similar to other yield farming projects or does Galaxy Farm brings new mechanisms and benefits for users? Also, which projects are participating in the development of this farming system?

Ramani Ram:
Am glad you asked this question.

Galaxy farm was originally intended as a growth hack to bootstrap liquidity on to DFYN while we were still in Alpha and pre token.

The narrative is very simple for projects and for farmers.

For Farmers – you just need to provide liquidity in any one pair on DFYN, and you farm 11 tokens.

D. | Satoshi Club:
Wow!

Ramani Ram:
Also, given it is all L2 matic, it is very easy to shift between farms as per yields etc.

So it is probably a very unique group farming initiative.

Mary | Satoshi Club:
That’s fantastic! Is it also already live?

Ramani Ram:
From a project perspective.

You are getting a few things.

• immediate access to 11 communities and their wallets

Easy integration to the fast-growing Polygon community through an initiative that is supported by Router, Dfyn, Polygon and a number of other projects.

Yes Galaxy farm is live.

galaxyfarm.routerprotocol.com

Is cohort 2.

There are a number of benefits to participating in galaxy farm…dfyn airdrops, and also enhanced yields for various TVL targets.

D. | Satoshi Club:
Btw to participate there, i should add one asset or pair of assets?

Ramani Ram:
It is a liquidity pair that you will be adding, in effect providing liquidity to DFYN.

Priyeshu Garg:
You have to add liquidity onto Dfyn LP pairs

D. | Satoshi Club:
Gotcha!

Ramani Ram:
Yes.

Mary | Satoshi Club:
Hmmm, why i haven’t seen it before😂 i want to join!

Ramani Ram:
Current cohort it can be any one of Route-ETH, Razor-Eth, OM-Eth, IGG-ETH..there are 11 tokens.

And providing liquidity in just one gives you all the 11 tokens.

Do check it out.

Priyeshu Garg:
Galaxy Farm : https://galaxyfarm.routerprotocol.com/

D. | Satoshi Club:
Thank you for clarification!

Mary | Satoshi Club:
I will after AMA because i am afraid that i won’t be back😂

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

Ramani Ram:
Yes, please

Q5 from Telegram user @alaskasb
In your medium, I saw that DFYN carried out NFT Airdrop with an allocation of 2.25% of the total of $DFYN Tokens. Can you give us more details about this and what are your plans for the implementation of NFT? You also mention that these tokens will be unlocked for community initiatives. What strategies do you have to benefit the community and exactly what other plans do you have in mind to incentivize users?

D. | Satoshi Club:
NFT🚀

Ramani Ram:
So these NFTS are a bit like SOCKs tokens on Uniswap with the difference that each of these NFTs will actually hold a preset number of DFYN tokens…

The idea was to introduce an NFT like brag/swag factor but deliver actual financial value in the form of DFYN tokens as well.

We are rollling out our roadmap here but this could potentially be as lucrative as Socks on Uniswap which is trading at 300k + now and just indicates early swag value.

Also

Over here we will be prioritizing the very largest liquidity providers in addition some randomization/lottery etc.

Mary | Satoshi Club:
Good idea😀 we love NFTs and airdrops 😍

Thank you for your answers! Ready for the 6th and last question from this part?😉

Ramani Ram:
Yes

Q6 from Telegram user @IsabellaIsla
I found it interesting that DFYN has a Bug Bounty program and other programs like funding research and development of cross-chain protocols and applications. Could you tell us more about this? Can any user support developers, identify attack vectors and strengthen the DFYN ecosystem? What is the purpose of these programs and how would they benefit us?

Ramani Ram:
Yes absolutely..to date we have paid out a fair number of tokens as bug bounty. The idea is to incentivize the community to make the project stronger and the ecosystem stronger, as every hack weakens all of us in crypto at some level. For developers, it is a great way to engage with the interesting things we are building out at DFYN and ROuter.

In addition to earning bounty rewards.

Mary | Satoshi Club:
Is it ongoing or already finished?

Ramani Ram:
Bug bounty is always ongoing!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Korryl
Dfyn is a multichain DEX that also building a proprietary XCLP (Crosschain Liquidity Protocol) on Router testnet. Could you please explain how does XCLP works on your platform and what is the benefit that you get from XCLP?

Ramani Ram:
Once we have a way to port liquidity across chains and a way to onboard and offboard liquidity within chains, the possibilities are truly endless. Everything that is currently on Ethereum or Matic or BSC, will not get repurposed to work seamlessly across chains…like if you get a word doc, you can open it up on a MacBook or windows or a Linux machine. same way, the specifics of the underlying blockchain will recede into the depths of the BlackBox, and you are going to deal increasingly with the application layer. LIke initially we all had Sun Solaris servers but now everything is in the cloud in AWS or Azure and you deal with a screen on your mobile or iPad or whatever screen. Defi will also thus become truly chain agnostic, with crosschain plumbing like Router bridging these chains, and apps like DFYN and their successor version over the years building various interfaces for trading, lending, swapping, etc.

With DFYN and ROuter we hope to build a set of core infrastructure building blocks on which app developers can further iterate and build cool apps for trading, crosschain lending and so on and so forth

Specifically, this could include, in addition to the sort of 1-inch across chains, potentially an Aave or Compound across chains, or even a Polkastarter across chains, something that folks can use to simultaneously launch multichain IDOs with various communities across chains contributing and competing for liquidity.

The possibilities are truly endless.

Q2 from Telegram user @Lucas310
Where can the community buy $DFN tokens? and what are the benefits of buying this token?

Priyeshu Garg:
$DFYN token is not live yet. We will launch our token on May 10 on Polkastarter.

Q3 from Telegram user @MusMine
Hi,
⛽️ Dfyn AMMs are gasless. How is it possible when the L1/L2 gas is mandatory? How are you going to subsidize the gas for us? Are there any hidden fees?

🌐 You’re planning to launch Dfyn nodes on others chains (BSC, Polka, Solana…). Are those nodes ran by the community? If yes, what are the requirements?

💰How are you going to manage to get enough liquidity pools across all those chains? Are you going to work with a partner?

Thank you 🙏

Excited about this project and hope it will go to another galaxy 🚀🌌

Ramani Ram:
Yes definitely planning to add other nodes.

Liquidity pools – through DFYN token as well as through ROUTE tokens and the ROUTE liquidity super mesh.

Q4 from Telegram user @K2ice
From your roadmap, I see that the DFYN platform will be having a Cross-chain credit markets infra/tools. Can you explain what it is and in what ways do you think it will be of benefit to users of the DFYN platform?

Ramani Ram:
As mentioned earlier, once we figure out how to move coins across chains, multiple use cases emerge, including swapping, lending, etc…cross-chain credit markets are definitely on the radar as are cross-chain IDO markets.

Priyeshu Garg:
Cross chain lending will allow you to get the best yield and lowest interest on assets across different chain markets.

Q5 from Telegram user @casuallife13
Whil other DEXes have interesting names like pancake, sushi, unicorn; Did you think that name of dfyn did not attract investors that don’t have detailed information about DEXes And crypto? Why dfyn?

Ramani Ram:
DFYN (pronounced Define, from decentralized Finance) has attracted interest from some of the largest investors in the space.

We were planning to raise around 2m, but ended up having interest for 25m.

Our investors include CMS, QCP, OkEx dream fund, HUOBI execs, Matic execs, and multiple protocol founders. ALmost 20 leading funds.

Q6 from Telegram user @JoinThanhLe
What was the idea that motivated you to create Dfyn ? Is your way of managing smart contracts different from the classic smart contracts developed in Ethereum?

Priyeshu Garg:
We are building products for a multi-blockchain future while most products are built for a single blockchain.

Q7 from Telegram user @Karoceh
For future plan, what type of blockchain would you like to bring into the Dfyn crosschain ecosystem?

Priyeshu Garg:
We are exploring to build our own Router chain which will integrate with all other chains.

Q8 from Telegram user @Ariyankhanjim
Where is the roadmap for this year? Can you share with us your main priority for this year and do you have plan to list on big exchange?

Ramani Ram:
We have answered the roadmap question in detail before.

Let me surface ut.

https://twitter.com/_DFyn/status/1389312094739132416?s=19

Q9 from Telegram user @tontoned974
What will dfyn do to compete with established layer 2 AMM like quick-swap?

Ramani Ram:
We are gasless, we are much smoother (Apple to Android), and more importantly, we are a multichain AMM.

That means that unlike any other single chain DEX we are actually pulling our liquidity from multiple chains.

Q10 from Telegram user @highpee
ROUTER connects chain and it allows iteration of cross-chain liquidity protocols and can also port liquidity across chains. Does this mean that it is impossible to integrate the onboard and offboarding function of Dfyn into Router or why is Dfyn necessary? Are the two protocols expected to work in synergy or they can work independently of each other?

Ramani Ram:
Router and DFYN will work closely with each other.The design pattern, with Router the crosschain layer, and DFYN the in-chain onboarding layer is very common – THorchain has this, so does Compound. Our idea is that Router and Dfyn will work closely together.

Part 3 – Quiz Results

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

Our partners:
Dfyn Telegram community:   https://t.me/Dfyn_HQ
Twitter:  https://twitter.com/_DFyn

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 Polylastic and our guest was @blockchain_sunil – lead the overall strategy for Polylastic. The AMA took place on 5th May.

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

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

Part 1 — introduction and questions from the Website

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

Mihai Pisica:
Hello, people all around the world! 😁

Mary | Satoshi Club:
@blockchain_sunil welcome here 😀

Sunil Bhat:
Hello everyone. Thanks for the warm welcome @MihaiPisica

Mihai Pisica:
Our guest for today are our friends from Polylastic, in person of @blockchain_sunil

Mihai Pisica:
How are you doing mate?

Mary | Satoshi Club:
Hello, happy to see you in Satoshi Club 👍

Sunil Bhat:
I’m doing great. Excited to be here. Satoshi Club is one of the biggest telegram channels in crypto and I am eager to introduce Polylastic to your group and answer any questions they may have

Sunil Bhat:
Thanks, Mary.

Mary | Satoshi Club:
So, let’s start our party 🎉

And usually, we start with intro 😀

Mary | Satoshi Club:
Could you please introduce yourself and tell us more about Polylastic 👏

Sunil Bhat:
Sure.

Sunil Bhat:
About me:

I am Sunil and I lead the overall strategy for Polylastic. Previously, I have worked in product marketing and sales at Google UK, was the marketing leader for Token Sales and Eosfinex at Bitfinex and have advised several successful projects in crypto.

I have been fortunate to work with and advise several projects in Elastic Finance and DeFi sectors too, many of whom have featured on Satoshi Club

About Polylastic:

Mary | Satoshi Club:
How did you learn about crypto?

Sunil Bhat:
The Polylastic (POLX) Index is designed to track token performance within the ever-evolving Elastic Finance industry (EFi). Our index will include elastic cryptocurrencies (rebase tokens), seigniorage tokens, algorithmic stablecoins, cash systems, projects that partner with / use EFi products and whatever comes next.

The index is weighted based on the value of community support measured by the number of stakers, as well as the market cap of the token. So, a project that has strong community backing is likely to triumph over projects that may have larger marketcaps, but may lack the same levels of community support as some of the popular projects in the space.

This novel mechanism allows us to capture both technical innovation and community strength. Like traditional indices, Polylastic will track projects with significant usage and demand as well as those that show a vibrant community and commitment to ongoing development.

Index trackers in the traditional stock markets have shown that they are more likely to outperform individual stocks over a longer period of time. As out indices will hold the underlying assets, we have built something that would help users to HODL for longer and increase the likelihood of long term passive income

Mihai Pisica:
Great background here! It seems you have the necessary abilities to handle a crypto project )

Sunil Bhat:
After working at google for over 4 years, I quit to start my own incubator that incubated companys in the traditional markets. Towards the second half of 2017, I got introduced to this exciting world of crypto and ever since, I have been deeply involved in this space

Mary | Satoshi Club:
Sounds great, can’t wait to see how it will work 😀

Sunil Bhat:
Thanks. Crypto is ever evolving. So, the strongest attribute I have is my willingness to adapt and learn new things. Hopefully, this will help me steer Polylastic into a grand success

Mihai Pisica:
Our community have noticed some of these features and are eager to know more about them! Are you ready to open the gates of knowledge to your project?

Mary | Satoshi Club:
Yes, 2017 was a good year and after you have time in bear market to study everything well😀

And start with the questions from our community 😉

Mihai Pisica:
Let’s start it )

Q1 from Telegram user @ysasoma
Can you explain the mechanism of Polylastic, what are its elements and how they work together, also could you tell us, how reliable do you consider it is and if you have made any internal or external test to corroborate its good performance?

Sunil Bhat:
Can’t agree more. I was at Bitfinex Token Sales during the peak of the bear market. The learnings I had during my time there has prepared me for lifetime. However, there is always a silver lining. Crypto is bullish right now and we beleive Elastic finance will be the backbone of the Defi space.

May | Satoshi Club:
👍

Sunil Bhat:
Great question.. or rather great set of questions.

• The detailed working of the platform will be released in the coming weeks, but I will try to provide a short summary here.

The polylastic indices will be index trackers in the real sense – they hold the underlying assets. Eg: when a user invests $1000 into the index, $1000 worth of projects will get bought from the market at the predetermined ratio and vice versa.

The selection and ordering of projects in the tracker will not just be based on the circulating marketcaps of projects that are eligible. We also use the wisdom of the crowds. The community would need to stake POLX tokens or the project’s own LP tokens on our platform. This will help us decide the selection and weightage for the projects that will form a part of the index. There will be new indices launched periodically too, which makes Polylastic a platform that supports rolling indices and the users can get exposure to the indices of the past too.

Sunil Bhat:
We are currently running regression tests and improving the accuracy of the trackers. It is expected to follow the performance of the tokens that form a part of the index because we hold the underlying assets

Mary | Satoshi Club:
So, currently, platform is under development? Do you have any MVP?

Sunil Bhat:
The platform is under development and it is on track to be released in 6-8 weeks.

Mary | Satoshi Club:
Will it be released in beta version or it will be full launch?

Sunil Bhat:
We will be releasing a fully functional product. As it is new, innovative technology, it may still be in beta stage, however, it will have all the necessary security and functionalities in place

Mihai Pisica:
We hope you will notify us when it will be ready to run, we want to try it )

Mary | Satoshi Club:
And, btw, how do you measure crowd wisdom?😀 Do you have your own system or use third part services?

👍

Lol😀

Sunil Bhat:
Definitely, Serg’s a friend and I look forward to collaborating closely with Satoshi club around the launch

Mihai Pisica:
🤩

Sunil Bhat:
I may end up quite popular in the group by the time the AMA ends 💪

Mihai Pisica:
Crypto GURU )))

Mary | Satoshi Club:
You will be complete winner🎉

Mihai Pisica:
IS there something you want to add or we can move to the second question?

Sunil Bhat:
Let us move on to the second question

Q2 from Telegram user @Wormz28
Your upcoming IDO on KICKPAD Website will be on May 10th, 2021 where there will be only 100 winners from this whitelist campaign. So may I ask why you chose the Kickpad website to held your IDO and why there’s only a limit of 100 winners? And how’s the process of choosing the winners in a transparent and fairness way? Also can I still join the whitelist or I’m too late now? And what’s the reason behind why using the same wallet address cannot participate in both rounds?

Sunil Bhat:
Kickpad is an upcoming IDO platform who have delivered a lot of success to the projects that worked with them. Having spoken to most of the popular launchpads out there, we decided to do the IDO on Kickpad because they were able to provide us the ability to run custom campaigns to build our community.

As with every other project, the IDO/public sale is a marketing exercise to grow awareness about the project. Thanks to a great push by Kickpad, our own community and our community of elite influencers in the cryptospace, we have been able to generate a lot of traction.

You can complete the steps in https://gleam.io/PsELa/polylastic-whitelist-event and stand a chance to get selected.

Mary | Satoshi Club:
Great choice! KickPad is awesome platform! Why only 100 winners?😀 Sure, much more people want to buy😉

Sunil Bhat:
The selection for the whitelist is a random process handled entirely by Kickpad. KPAD stakers get allocation int he Gold rounds. They do not allow the same wallet that holds KPAD to participate in the whitelist rounds and hence, they require different addresses.

The average allocation sizes for the participants is very small. There was a lot of demand from our community to list on popular CEX along with PancakeSwap to ensure sufficient liquity for users who are interested to buy larger sizes and we are glad to have made all the necessary arrangements for the same

The 100 winners will share 10% of the public sale. KPAD stakers will share the remaining 90%. So, the token will be widely distributed right from the beginning

Mary | Satoshi Club:
Oh, in this case everything is ok😀

Mihai Pisica:
Very comprehensive answer, very clear )

Sunil Bhat:
🙏

Mary | Satoshi Club:
Thank you for your answers! Ready to proceed?😀

Mihai Pisica:
Let’s shot the next one in this case

Sunil Bhat:
Yes.

Q3 from Telegram user @yellowchamp
I noticed that some of the teams behind Polylastic is from different established platforms like Google, Certik, Orion’s and Bitfinex. So how does those experiences from different established platforms helps your team be guided and be innovative in Polylastic? What advantages that your team have, since you are from different established platforms in the market? How does it brings impacts in getting partnership,in developing your platform and getting investors in Polylastic? Thank you

Sunil Bhat:
Our team and the board of advisors have one of the widest networks in the crypto space. This is one of our core strengths as it makes it easy to navigate through the crypto space and only partners with relevant projects that can provide strategic value to Polylastic.

The Cryptospace is very small and in its infancy. So, there is a strong collaborative vibe which makes it easy for all projects in the space to collaborate with each other, build stronger products and change the lives of billions of people.

Mihai Pisica:
Btw, how big is your team?

Mary | Satoshi Club:
Do you already have some partnerships? Or may be planning?

Sunil Bhat:
we have 7 dedicated team members and several contractors who are helping with the design, development and the marketing of Polylastic

We have several partnerships in the pipeline that will be released strategically. We have not even revealed the name of the Cex where we will be listing first 😉 as we prefer the Cex to announce our listing

Mihai Pisica:
Do you have some proximate time of listing?

Mary | Satoshi Club:
Oh, give us a hint? Satoshi Club is known in keeping secrets 😂

Sunil Bhat:
It is a global exchange and we may have to list late morning or early afternoon UTC to give everyone a good chance to access the tokens

It has been operating for 7 years and has over 5 million visits a month 😉

Mihai Pisica:
Huge NUMBERS HERE!

Sunil Bhat:
We are excited too. Hence, we decided to delay the IDO despite having generated the hype and userbase already

Mary | Satoshi Club:
Fantastic 🚀 we will follow your updates and wait for news!

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

Sunil Bhat:
Sure.

Q4 from Telegram user @Jonahapagu
Polylastic features a two-tier staking model to reward participants who participate in your index, they are POLX (Direct sync staking) and POLX LP Tokens, where Liquidity providers can stake their LP tokens and be rewarded appropriately for their contributions to index health.. so what are the key differences between this two tiers of staking models, how do participants participate in this two tier staking model how does your staking model contribute to the index health

Mihai Pisica:
A more technical question )

Sunil Bhat:
Good one.

The fundamental difference between the two tiers is that it caters to different types of users. HODLers and degens who are already participating in yield farming programs for the particular project can stake their LP tokens.

However, there may be many users who don’t HODL the particular token and they can stake POLX tokens in support of that project.

The detailed steps to participate in the staking programs will be revealed around the time of the platform launch.

Mary | Satoshi Club:
Staking will be available only on your platform?

Mihai Pisica:
Will you have a guide for this?

Mary | Satoshi Club:
Btw, which blockchain will be POLX token issued on? BSC?

Sunil Bhat:
The two-tiered staking model helps determine the projects that get selected to be a part of the index and also the weight of the index. So, stakers have a direct say in the projects that form part of the index. Hence, users have a direct say on the health of the index

Correct. Only tokens staked on our own platform (POLX or project LP tokens) will be considered for the community weigthed indices.

Definitely. We will make it easy for everyone to participate and publish guides for the same

Mary | Satoshi Club:
Gotcha 👍

Sunil Bhat:
Yes, we will first be launching on BSC as it provided a cost efficient scalable option to launch the product. Very soon, we will also be on ETH and pther major platforms too as we aim to be chain agnostic

Mihai Pisica:
Btw, we have a question from Satoshiers about this one )

Mary | Satoshi Club:
Awesome, you follow the trends!

Ready for it?😀

Sunil Bhat:
Sure.

Mihai Pisica:
Me yes ) How about you Sunil?

Ok, let’s shot it

Q5 from Telegram user @lzamg
One of the elements of Polylastic is the Tiered Network Taxation. Can you explain what is this network based on? Specifically, what does it enable within the Polylastic network? Also, I read that it uses a certain formula that stimulates growth and rewards the ecosystem, so can you give us more details about how this formula works to ensure all of that?

Sunil Bhat:
Currently, projects that have a ‘network tax’ element do not differentiate on the transaction amounts. Eg: If they have a network tax of 3% of each transaction, then a user sending $100 will end up paying just $3 as network tax. However, a user sending $100,000 worth of tokens will end up paying $3,000 worth of network tax. This disincentivises larger transactions and may hamper the platform’s progress.

Hence, we decided to build a tiered transaction where the network tax is determined by several factors. This will also ensure that it keeps the costs relatively low for larger transactions and ensuring that HODLers and stakers benefit at the same time as this tax gets distributed entirely to LP providers and stakers in addition to a 20% burn

Mary | Satoshi Club:
Logical! Can you tell us more about numbers?😀 Which network tax each tier will have?

Sunil Bhat:

I found it easier to share the image 🙂

We have had to make a few small changes to it(change the threshold as the 100 token limit is currently too low) and we will publish it before the token launches

Mary | Satoshi Club:
That’s right, it’s easier for understanding!

We will stay tuned 🚀

Mihai Pisica:
More clear like this )

Mary | Satoshi Club:
Thank you for your answers! Are you ready for the 6th and last question from this part?😀

Sunil Bhat:
Yes.

Q6 from Telegram user @andrey_seleznov
Hi Polylastic!
Polylastic’s index is based on a weighted basket of EFi assets where indexes are weighted solely by market cap, therefore, the largest projects will comprise the majority of the index. Won’t this mean that index will mostly follow BTC and ETH and ignore fluctuations of the smaller tokens? What advantage will the index bring vs simply holding BTC and ETH in the wallet? Thank you!

Mihai Pisica:
This is the one I mentioned it at Q4, in the last part of it )

Sunil Bhat:
BTC and ETH will never make it to the index. No offence, but they are both grandpa technologies and neither have Elastic finance elements in them nor do they work with elastic finance projects/ecosystem

BTC or ETH aren’t designed to power the next stage of Defi and we believe futuristic smart algorithmic money will be driving the future of Defi in the coming decade.

Our index will include elastic cryptocurrencies (rebase tokens), seigniorage tokens, algorithmic stablecoins, cash systems, projects that partner with / use EFi products and whatever comes next.

Mary | Satoshi Club:
Everything has own purpose😉

Mihai Pisica:
Btw, have you finished some Audits? What about this part for you project? )

Sunil Bhat:
In order to mitigate the risks of 1 or more tokens becoming overrepresented in the index, we have developed the community weightage. Projects and their weightage will be chosen depening on the support they get from the community in the form of staking.

Mary | Satoshi Club:
That’s cool! I like this idea!

Sunil Bhat:
Our smart contracts have been successfully audited by Certik. We also have Andrew, Associate Director at Certik as an advisor who advises us on keeping the platform secure

Mary | Satoshi Club:
Awesome! Can you give us a link to audit report?😀

Mihai Pisica:
We all know Certik, it inspires confidence!

Sunil Bhat:
Need to check and pull it up. But rest assured, popular exchanges do not agree to list tokens unless the report passes the project

🙂Mary | Satoshi Club:
Understand 😀 thanks!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Karoceh
Can you explain Polylastic’s plan in listing POLX tokens on CEX? Are there any plans for listing on the Tier 2 Exchange in the near future? What kind of exchange model are you looking for in the plan?

Sunil Bhat:
Instead of going into the details of what’s tier 1 vs tier 2, we have considered the real reach and monthly visits to the exchanges. our users wanted us to list on a centralized exchange in addition to PancakeSwap and were able to secure the deals.

Q2 from Telegram user @topind7
What is your opinion about making strategic partnership with great projects and in what way do you think this will help your project grow and also benefits your users?

Sunil Bhat:
We strongly believe in the collaborative approach to success in crypto. We have lined up strong partnerships and look forward to releasing them strategically.

Q3 from Telegram user @Wormz28
So as $POLX is a Double Deflationary Token, can you share how does your Deflationary Mechanism works and what purposes it will serve and why it is necessary to keep the POLX token dedicated to this purpose?

Sunil Bhat:
The detailed working can be found here: https://polylastic.medium.com/polx-a-double-deflationary-efi-token-ff5be94f14a1

In short, whenever users exit their postion in the index, a percentage of the position is deducted as ‘performance fee’ and it gets burnt.

20% of the fee collected via the tiered taxation model gets burnt too.

Thus, POLX will have 2 different token burns which creates a double deflationary effect

Q4 from Telegram user @Jonahapagu
You started out with the name “Polkalastic”, before changing to the name “Polylastic” due to what you call a serendipitous turn of events..can you explain what events, actions, or issues led to this change.. and how does this involve polkadot, because in one of your article there is a disclaimer that Polkadot continues to be an integral part of your plans and when they are ready, you’ll be there…what does this mean?

Sunil Bhat:
Good question. We would not be able to release the first version product on Polkadot as the platform isn’t ready yet. The parachain auctions that are coming up will open it up for projects to actually function and scale on the DOT network.

So, we will wait until the network is ready and deploy our solution on it.

Q5 from Telegram user @andrey_seleznov
🖐 Hi Polylastic! 🙌🙌
I know your project was formerly known as Polkalastic, can you tell us why you decided to change the name to Polylastic? Did this change help you to achieve the goals you set for rebranding? Were there any functional changes in the project backend as well? Thank you!

Sunil Bhat:
The rebranding was an essential activity as we decided to launch on BSC and expand to multiple chains sooner than we expected. More details can be found here: https://polylastic.medium.com/polylastic-upgrade-new-name-and-a-launch-on-binance-smart-chain-d5c654145b23

Q6 from Telegram user @ShaLiPon
Do you have token burning or buyback system? What will you do to make your token valuable?

Sunil Bhat:
I explained the double deflationary mechanism earlier and we believe that we are like SafeMoon, but with a clear utility and deflationary mechanism.

Q7 from Telegram user @Derazy
You mentioned that the platform is under development and it is on track to be released in 6-8 weeks. However, we are curious about your partners in developing this platform, especially security and audit issues? Can we know with whom Polylastic work with in partners?

Sunil Bhat:
Surely, we are as eager as you all are to announce our partners. However, we cannot rush this process. We are on track to announce several partnerships in the coming weeks. So, watch the space 🙂

Q8 from Telegram user @cryptoneco
Marketing strategy is one of the factors that determine the future of projects. No matter how good you are, it will be difficult for you to succeed if there are more people who don’t know you. Will you carry out a different and dynamic marketing with experienced team members?

Sunil Bhat:
Definitely. We have already executed several successful brand-building and performance marketing campaigns. The public sale / IDO itself is one of our most important marketing activities.

Additionally, we have several marketing activities planned on the centralized exchange where we will be listing next week.

For the medium – long term, we are collaborating with several partners and the result will be seen in the coming months.

Q9 from Telegram user @NataliyaKil
Why did you decide to pay out $ 74 to the winners on the whitelist, where does this figure come from?

Sunil Bhat:
This was a figure set by Kickpad. We trust their expertise in running IDOs and did not want to tinker with / interfere in the process.

Q10 from Telegram user @mobilejii
For joining IDO is it still available and what requirements are needed? Do I need to hold any tokens of KIck pad?

Sunil Bhat:
Staking KPAD guarantees allocations as far as I know. However, if you do not hold KPAD, then you can also participate in the whitelisting program: https://gleam.io/PsELa/polylastic-whitelist-event

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Polylastic. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
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We are pleased to announce our next AMA on May 9th 2021 at 03:00 PM UTC Time: Satoshi Club x MCDC

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

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

Part 3: 300$ – A quiz about MCDC

For more details:
MCDC Website – MCDC
MCDC Telegram – @McDonaldsCoinHQ
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