Month: May 2021

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 zkTube and our guests were @CeriumO2 @nicholasv1 @Dave1217 @lovelyQuokka   @PatriciaWxy @suzanaking.

The AMA took place on 24 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 zkTube! Welcome to Satoshi Club😀

D. | Satoshi Club: today our guests:

@CeriumO2

@nicholasv1

@Dave1217

@lovelyQuokka  

@PatriciaWxy

@suzanaking

@Akinfergie

👋

welcome to Satoshi Club!

Mary | Satoshi Club: Welcome here, guys!

Panda Y: Hi

D. | Satoshi Club: hello! good to have you here! 😁

Suzana: Hello

Mary | Satoshi Club: Hello 🤩

Dave L: hi

Pat: hi

Casey Brown: Hello~

Mary | Satoshi Club: Welcome here, big zkTube family 😍

Cerium: Hello

Mary | Satoshi Club: It’s a pleasure for us to have you all here today!

Serg | Satoshi Club: Hello all 🙂

Suzana: 🙌

Panda Y: Lovely to meet Satoshi Club‘s member here

Mary | Satoshi Club: So, let’s start our AMA!🚀🚀

Panda Y: Sure

Pat: hello community!

Mary | Satoshi Club: We always ask our guests to introduce yourself for our big community 😀

Akinfergie: Hello all!

D. | Satoshi Club: Hi! Welcome!

Pat: Hello

Mary | Satoshi Club: Also, tell us about zkTube and the main concept behind it! After intro we will have first part for which we choose 6 questions from our community! But intro first😉

Pat: This is Patricia from zkTube.

Mary | Satoshi Club: Hello, Patricia, can you tell us about your role in zkTube and how did you get involved in this awesome project?

Cerium: Hi, this is Cerium, engineer, from zkTube

Dave L: I am the product manager of zkTube. If you have any questions related to the product, I will always answer them here

Suzana: This is Suzana from zkTube Labs, I am the Asian BD, nice to meet you all

Mary | Satoshi Club: So, who will answer this?

Panda Y: Hi Everyone！This is Charlene from zkTube，responsible for the operation management.

Mary | Satoshi Club: And of course we are happy to e-meet you all!

Akinfergie: I’m Francis,  software engineer for zktube. Happy to meet you all

Pat: 👍🏻

Panda Y: zkTube Origin ：The concept of zkTube protocol prototype originated as early as 2018. Ethereum founder Vitalik Buterin proposed a mining solution for anti-ASIC (Application-Specific Integrated Circuit) on the discussion. zkTube founder Lance participated in the Ethereum Scaleability and new ideas Exploration of POS mining and casting zkTube. Therefore, it is strongly recommended by the Ethereum open grant and contributes to the Ethereum ecosystem.

Serg | Satoshi Club: Awesome. You’ve got a grant from Ethereum?

Pat: Background of zkTube

Ethereum 1.0 has been running stably on the mainnet for many years, based on its previous ecological applications, its high latency and high transaction fees have hindered the development of the Ethereum ecosystem, so the Layer2 expansion plan is proposed: A considerable part of the workload on the chain is transferred to the chain for completion.

Mary | Satoshi Club: Btw, i found perfect video explanation on your site, i think Satoshiclubbers have to watch it!

Panda Y: @sspurss It’s and the donation for Ethereum open grant，supported by Etherum community and ne twork.

Serg | Satoshi Club: Yes, it’s a nice one

Mary | Satoshi Club: Wow, that’s fantastic! 👏 Congratulations with this!

D. | Satoshi Club: i know ethereum has two layer 2 solutions – optimism and zk rollups, why you decided to use zk rollups for your project?

Pat: https://opengrants.com/grant/0x9eda313cf60f1d004e493fcc123d64c21ef7e6a7

Mary | Satoshi Club: 👏👏👏

Pat: 😊

Mary | Satoshi Club: Yes, i am also interested in this😉

Dave L: Because zkrollup does the proof before submission, it can guarantee the security of the user’s assets in a timely manner, and it can achieve the same level of security as Ethereum

D. | Satoshi Club: got it, thanks!

Pat: Brief introduction of zkTube

zkTube labs are based in Melbourne Australia, which starts to build zkTube protocol since 2020 with the worldwide team base on the approved concept, it changing the crypto payment with cutting-edge technology for the financial revolution. zkTube is the scaling Ethereum with zero-knowledge proofs. Its aim to be the most viable technology to enable the mainstream adoption of public blockchains.

Mary | Satoshi Club: This makes sense 👍 Security is on the first place!

 [ Sticker ]

Thank you, guys for this incredible intro!

Dave L: Another reason

The reason why we don’t use OP withdraw is that the withdraw time of OP is too long. Just like this sharp fall, if you need to withdraw ETH from COINBASE, it will take 7 days. At that time, your ETH has already dropped so much that you can’t stop the loss.And we can withdraw in 15 minutes

@Cool_as_Ice

D. | Satoshi Club: yeah, im aware about this, but as we know uniswap chooses optimism as a layer 2 solution, for example

guys @CeriumO2  @nicholasv1  @Dave1217  @lovelyQuokka   @PatriciaWxy @suzanaking  @Akinfergie @Casey9814C thank you for the into! i think we ready to open the first part of AMA? 😉

Pat: yeah

D. | Satoshi Club: let’s goooooo! 🚀

Pat: Cool, we can start the part 1 now.

Q1 from Telegram user @Arisabela

Basically, zkTube is taking advantage of the Ethereum platform improving its functions with ZK-Rollup technology based on the PLONK algorithm protocol, can you highlight the benefits of this protocol? What is the speed of your platform using this technology?

Dave L: Yes, but they released it, but there may be some hurdles that they haven’t cracked yet, so they haven’t released the latest version yet

D. | Satoshi Club: that’s true

1). The advantage of Plonk is that it supports a common, upgradable reference string, and as long as the size of the circuit design does not exceed the upper SRS threshold, some of the scenes and functions can actually share one SRS, which is very helpful to ZKTube. ZKTube takes advantage of this feature.In certain scenarios such as deposit, withdraw, transfer, buy and sell, this feature is put to the extreme use. Originally, the proof time of ZKTube is about 5 times shorter than that of Snarks, but after the optimization of ZKTube, the proof time is about 15-20 times shorter.

2). In order to make the CPU play acme, we reduce the memory and reasonably allocate memory to optimize these two, in the circuit design as much as possible in order to satisfy a common SRS, so ms merkel tree, we compared the different SRS different groups, and parallel, duplicate data calculation as soon as possible to reduce the use of memory,At the same time, we use a monitoring mechanism to adjust the allocation of memory, such as a circuit this time is too high frequency, a dedicated thread to handle the storage scheme, so as to achieve the effect of memory allocation.

3).We are now TPS3000+

D. | Satoshi Club: PLONK algo was made by your team?

Dave L: We did a lot of optimization based on the Plonk algorithm

The above two points are the optimization of our technology

D. | Satoshi Club: as i know your code is not open source yet, but you have plans to release it to the public?

Mary | Satoshi Club: Can i give this article as example of Plonk algorithm explanation for our users? https://link.medium.com/7E0ErIvdwgb

Dave L: Some project parties are imitating us, so we only open the front end for the time being, and the server side will be open source in the next step

understood, thanks for the answer!

Mary | Satoshi Club: Thank you, guys, for your answers! As always we apploud you😀 ready to go to the next question?

👏👏👏👏

Dave L: This statement describes the certification process of the protocol certification/verification phase, and we have made optimizations and improvements.

D. | Satoshi Club: nice, so you have upgraded version of Plonk 😉👍

Q2 from Telegram user @Jonahapagu

Some of the personal uses of your products such as paytube as stated is that it can be used to Manage multiple wallets on the go, Shop with Visa merchants online & in-person around the world and also the Provision of Visa prepaid and debit cards, what kinds of wallets will users of paytube be able to manage, and what kinds of shops will they be able to use paytube for, across what countries can users currently use paytube for shopping and how do users get issued visa prepaid and debit cards using paytube

Panda Y: PayTube is a Layer2 wallet building on top of the ZKTube Protocol. It is planned to start trial use in Australia, the United States, Canada, Singapore. Yes，PayTube Wallet may supports a range of business activities. For example, the PayTube Wallet program works with third party compliance platforms such as Simplex or Uphold in the US，and PayID in Australia to ensure compliance between digital and fiat currencies used internationally. In the future, PayTube plans to introduce Visa prepaid gift cards, which will be available on application. This prepaid card can be used at any merchant that accepts Visa online or offline merchant. However, the private key of PayTube wallet belongs to the user’s own management, and the private key belongs to the user’s personal property. PayTube wallet never keeps the private key of the user.

D. | Satoshi Club: when your wallet will be available in Australia, US, Canada and Singapore?

Mary | Satoshi Club: Super! Can you tell me if Visa prepaid gift cards will be available for purchase all around the world? Or you will have some countries restricted?

Pat: when our mainnet to go online, we are now start business communication.

D. | Satoshi Club: thank you!

Panda Y: When our mainnet launch，we will start the international business development，and open for partnership cooperation. At the moment，we already the investigate and survey in those country and got a very good result and consequence.

Pat: You’re welcome!

Mary | Satoshi Club: Thank you for your answers 👏👏👏 ready to proceed?

Pat: Sure!

Panda Y: Yes. But under $1000 prepaid card for user to apply will not be restricted.

Pat: please go ahead, thank you!

Q3 from Telegram user @Tony253210

Considering that you have the “ZK” on your name, that means that you are related to the Zk-Snark technology ? Do you have privacy features?

Cerium: Yes, the zero-knowledge proof system we use now adopts the Plonk scheme, and privacy protection is also an important indicator that we will consider in the future

Mary | Satoshi Club: So, we will be able to send private transactions using your wallet?

Dave L: Are you talking about Snark privacy certificates

Mary | Satoshi Club: Yes

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

Dave L:Yes it is. At the same time, the transaction can also be queried in the Ethereum scan.

Pat:  yes, please go ahead for next question

D. | Satoshi Club: let’s goooo!

Q4 from Telegram user  @Highpee

The total circulation and supply of ZKT cannot exceed 330,000,000 and 89.4% of your total supply will be distributed through mining. I discovered that 14.4% of this 89.4% is allocated for behavioral Mining which you also called zero-knowledge proof mining. How will the proof-of-stake Consensus mining approach of zkTube work? Who can become a validator and how much ZKT is needed to be staked in order to become a Validator? Also, what is behavioral mining and why did you allocate 14.4% of mining allocation to behavioral miners?

Pat: Cool!

Panda Y: First of all, our mining is still in intensive testing. In the framework of our preliminary design, we added to our test network as collateral for testing tokens. We are still updating our test network and will update more content to accommodate existing miners. Getting test miners into the test network is a contribution in itself, and we’ll be giving air drops to some of our miners to test our mines. Follow us on Twitter for more. The test network will be tested for about two months, and the main network will be put online according to the vote of test miners.

D. | Satoshi Club: so it’s still not late to participate in testnet?

by the way, our next question about testnet so i don’t want to ask to much about it now 😉

Mary | Satoshi Club: I think if everyone agree, you can post it now😀

Pat: 👍🏻

D. | Satoshi Club: 🚀🚀🚀

Q5 from Telegram user   @Winner_don

The testnet POS mining is starting soon; few days to this time. Since it is a testnet mining and it is a Proof of stake Mining that gives a person the opportunity to mine according to how many coins they hold, are we going to need any token to participate? For those that mine on the testnet, will there be any reward when moved to the mainnet? How long will the testnet mining take and when will mainnet mining start?

Panda Y: Yes. We still has upcoming two times Testnet version，and we still call on users to participate in the test, and at the same time give us suggestions to make our network stronger when we are online on the mainnet.

This is our Testnet：https://rinkeby.zktube.io/wallet

Mary | Satoshi Club: Thank you! Do you have any articles or guides how to join?

Suzana: https://zktube.medium.com/zktube-testnet-tutorials-for-deposit-transfer-72db289a72bf

Pat: sure!

Suzana: Please see our medium here to join the testnet

D. | Satoshi Club: thank you! and, i think important to ask, do you have plans to run a private or public sale of your tokens in the future?

Panda Y: First of all, our mining is still in intensive testing. In the framework of our preliminary design, we added to our test network as collateral for testing tokens. We are still updating our test network and will update more content to accommodate existing miners.Getting test miners into the test network is a contribution in itself, and we’ll be giving air drops to some of our miners for participate in mining on testnet. Please，follow us on Twitter for more.The test network will be tested for about two months, and the main network will be put online according to the vote of test miners.

Pat: We have plans, and currently our whitelist is over. This round of whitelisting released a total of 600,000 pieces at a price of 6u, which has all ended. For the next round of opening, please follow our official Twitter.

Mary | Satoshi Club: Sure! We will definitely follow your updates 👏👏👏

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

Suzana: yes, please go ahead

Pat: https://twitter.com/zktubeofficial

Q6 from Telegram user   @meml97

It is not a secret for anyone that NFTs are growing in popularity as days go by. And I saw that zkTube is not too far behind on this topic because while reading your whitepaper I saw that: “zkTube underlying protocol NFT also do field extended support NFT on the second floor above the transaction”. Can you tell us more about this? What plans does zkTube has regarding NFTs? Will you add NFT services to PayTube or are there any plans on releasing zkTube’s own marketplace?

Pat: absolutely

Dave L: We have developed corresponding technical frameworks for zkTube in the fields of DeFi and NFT, etc. The most typical one is that we have supported Uniswap V2 and V3 technical frameworks. Currently, this product has been developed and is still under internal testing. The specific implementation principle is as follows:

For both Uniswap V2 and V3, ZKTube’s underlying protocol will support data interaction with L2 accounts. Users can choose to deposit ETH or ERC20 coins to L2 on V2, and then conduct swap transactions or provide liquidity. At the same time, we can also transfer the ETH or ERC20 token deposit above V3 to L2 for swap transaction or provide liquidity. Then, the second level will summarize, package, prove and finally verify that there is no problem, and submit it to the ETH main chain.

Mary | Satoshi Club: So, can we suggest that in the future you will provide l2 solution for NFT markets also?

Dave L: Yes, we have included the NFT solution in this mining machine

Mary | Satoshi Club: Awesome! Thank you 👏👏👏

So, we came close to the live part now 👏👏👏

Ready for it?

Part 2 — live questions from the Telegram community

Q1 from telegram username @helhusd not in the group

Do you have a Token Burning plan to increase Token value and attract Investors to invest?

Panda Y:We have a similar mechanism to Ethereum, and our tokens have not been issued or destroyed. In the later period, we consider the tokens purchased by the foundation to be destroyed.

Q2 from telegram username @Xusuo

zkTube Protocol is an ETH Layer 2 scaling solution which have $ZKT token. I read from your telegram, one of your member ask about airdrop ZKT candy but he got no answer. Could you explain about this ZKT airdrop how to participate? And what is the reward? Do you also have other event for your community?

Suzana:

https://zktube.medium.com/zkt-candy-airdrop-by-zktube-9c0be7420d0f

about the airdrop, please read our rules to participate, it’s still on

Q3 from telegram username @kimterbear

How can we ensure the safety of our assets at Paytube?

Pat : The user’s assets are stored in the smart contract, and only the user can operate it.

service providers can only interrupt transactions, but cannot steal transactions.

Therefore, users do not need to worry about the safety of assets. Even if all service providers strike, users can still actively withdraw their legal assets through smart contracts.

Q4 from telegram username @Pratze

Uniswap already released a formal document to introduce its V3 version. I read that zkTube’s technical team has participate in the development of uniswap v3. Can you explain how does the combination work between zkTubes and V3 uniswap?

Dave L:

For both Uniswap v2 and V3, zkTube’s underlying protocol will support data interaction with L2 accounts. Users can choose to deposit ETH or ERC20 coins to L2 on V2, and then conduct swap transactions or provide liquidity. At the same time, we can also transfer the ETH or ERC20 token deposit above V3 to L2 for swap transaction or provide liquidity. Then, the second level will summarize, package, prove and finally verify that there is no problem, and submit it to the ETH main chain.

Q5 from telegram username @meml97

🧨     I read that zkTube operating mechanism, includes two types of roles: ordinary users and operators. Can you tell us more about this two roles? How can users go from one role to the other and what function do they have within zkTube’s ecosystem? What benefits bring to users being either an ordinary user or an operator?

 Dave L: Ordinary users refer to the users who trade on the front end, and operators refer to the zkTube miners who provide proof of zero knowledge. Therefore, a user can either trade on the front end or provide proof for zkTube as a miner

Q6 from telegram username @Rosane1a88

🌸 zkTube allows payments at a rate of 3000+ TPS, scalability and security are key points in the DeFi ecosystem, so I wonder, how secure are the transactions if performed at such high rate? And how is ensured that high scalability without compromising decentralization of the network?

Pat: The current theoretical value is indeed 3000+ TPS. But our actual test has not reached this peak, so we are currently working hard to realize this theory. In our current testing phase, the machine involved in the calculation is our subsequent mining computer, and the plonk algorithm itself has a lot of room for optimization. Then there is security. It is true that there may be security issues at present. We currently use asset flow records to verify the user’s financial situation, and use an efficient distributed database to ensure data consistency. In this regard, we also welcome everyone to give us better suggestions, and we will continue to pay attention to and improve.

Q7  from telegram username  @Indomiekuy

zkTubes have native token $ZKT, could you explain what are function of your token in your platform? And how do we possible to purchase it?

Pa: Native tokens can be used in the behavior mining of Layer1 to Layer2 deposit functions in the wallet, and at the same time ZKT token serve as transaction and withdrawal fees. In addition, ZKT’s native tokens will also be mined as collateral according to the rules of the economy. Early adopters can either wait for the second round of whitelisting to be open to purchase tokens, or purchase tokens from an exchange when ZKT is listed.

Q8 from telegram username @highpee

 Is the PLONK Algorithm used by zkTube different from SNARK technology used by other zero-knowledge solution? Are you still able to guarantee transaction correctness when interacting or transferring transactions to the secondary offline layer?

Dave L: Zktube uses zero-knowledge proof Plonk algorithm in Layer2. Theoretically, Starks algorithm is the most secure. It does not rely on the assumption of pairing and exponential knowledge, but is completely based on hash value and information theory to calculate, which is anti-quantum computer attack.Corcorresponding, it increases the number of proof bytes from 288 bytes (b) to several thousand bytes (KB), which is not suitable for Zktube to build a generic Layer2 protocol. Secondly, the biggest problem with Starks is that it is not generic. Different problems or scenarios require different arithmetic solutions.Not very useful for ZkTube at the moment, maybe it will be a good choice for Layer2 sharding when Ethereum 2.0 comes online.

Snarks is the algorithm that uses the least number of bytes in the algorithm, and Groth16 is the one that uses the most. First of all, Groth16 is not universal, and it relies on the one-time non-upgradable setting. If the system changes or encounters any small bug, it needs a new ceremony to deploy and fix it.Secondly, different CRS(the Common Reference String) is needed for different problems, which is equivalent to designing different circuits for different scenes. Therefore, this algorithm is used for specific scenes, such as decentralized DEX, payment and other simple scene circuit design.

1. The advantage of Plonk is that it supports a common, upgradable reference string, and as long as the size of the circuit design does not exceed the upper SRS threshold, some of the scenes and functions can actually share one SRS, which is very helpful to ZKTube. ZKTube takes advantage of this feature.In certain scenarios such as deposit, withdraw, transfer, buy and sell, this feature is put to the extreme use. Originally, the proof time of ZKTube is about 5 times shorter than that of Snarks, but after the optimization of ZKTube, the proof time is about 15-20 times shorter.

2. In order to make the CPU play acme, we reduce the memory and reasonably allocate memory to optimize these two, in the circuit design as much as possible in order to satisfy a common SRS, so ms merkel tree, we compared the different SRS different groups, and parallel, duplicate data calculation as soon as possible to reduce the use of memory,At the same time, we use a monitoring mechanism to adjust the allocation of memory, such as a circuit this time is too high frequency, a dedicated thread to handle the storage scheme, so as to achieve the effect of memory allocation.

These algorithms are now very secure and resistant to quantum attacks, so you don’t have to worry too much about attacks and things like that, and even if they do, the user’s assets are safe😂

Q9 from telegram username @lusiana_lambreth

Taking into account the congestion on the ETH network, does zkTube have the vision to support other cryptocurrencies and expand their spectrum?

Panda Y:    Yes. zkTube can support all ERC20 and will be support EIP1271 protocol soon. So，we are open for cooperation with other projects as well.

Q10  from telegram username @cryptofollower      

 zkTube protocol is a scaling solution for Ethereum Layer 2. zkTube also has solutions for Proof of Staking as testnet POS mining launch on June 10, 2021. I have questions about this. Do you think after the launch of Ethereum 2.0 people would still like to continue Ethereum scaling solutions? Also do you think POS system is best solution for scalability? Won’t it mean a more centralized approach? What do you think of proof of stake on this matter?

Cerium: Everyone knows that the 2.0 upgrade will convert POW mining to POS, but in fact, the initial stage of the entire upgrade process is that the dual chains coexist, and there will be both the current main chain (original chain) and the new chain (POS mechanism), and Two kinds of tokens ETH1.0 and ETH2.0. During this period, users can burn ETH1.0 in exchange for ETH2.0, but ETH2.0 will be effectively frozen until the full upgrade of 2.0 is completed (at that time we can see that the exchange is trading two Ethereum tokens at the same time Interesting phenomenon). In other words, during the entire 2.0 transition period, the operational state of the original chain must be guaranteed. This is also the problem: the upgrade process needs to maintain and develop two chains at the same time, and achieve breakthroughs in key technologies such as sharding. Compared with the direct switching of the main network of other public chains, one more chain workload is out of thin air.

As for how long this intermediate state of dual-chain coexistence will take, we can infer from the latest official blog post. According to the description of the released “1.x Document: Quick Sync”, the development team is now focusing on more incremental upgrades to Ethereum 1.x, and stated that “the life of the original Ethereum chain needs to be extended by at least another 3-5 years. “. Theoretically, the length of time the original chain needs to be maintained is an intermediate state. Once the original chain is upgraded to 2.0, the historical mission has been completed. Therefore, it can be inferred that the entire 2.0 upgrade process is officially estimated to take at least 3-5 years. One important reason why it takes so long is that there are still some core issues that need to be resolved on the original chain, including chain storage, block size, transaction throughput, state size, and network performance. It is necessary to ensure that both chains are up to the standard to complete successfully upgrade.

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/

Chinese Telegram group: https://t.me/satoshi_club_cn/

Indonesian Telegram group: https://t.me/satoshi_club_indonesia/

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

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

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/zkTubeProtocol

Twitter: https://twitter.com/zktubeofficial

PART 1. Introduction of Liquifi & Mars Economy projects and community questions.

Hello, Satoshi clubbers and guests of this site. Today we have two projects in one AMA session. 

The Mars Economy is a prediction market-based protocol. 

Liquifi has an advanced AMM model that is built on the classic constant product model with a new smooth liquidity flow feature.

The plan of AMA session:

1. Part – Introduction and preselected questions.
2. Part – Live questions
3. The Quiz about Liquifi & Mars Economy

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @Satoshi_club

D. | Satoshi Club – @Cool_as_Ice

The Representative of the project:

Teflon Musk – @teflon_musk – Fintech product marketer 

Jet Jelly – @jet_jelly – Crypto & digital currency expert, researcher, and a (co)founder of a number of initiatives in the space.

I.S. – @is_liquifi – Tech lead at Liquifi.

Nic – @n_ollo

@istruchkov

@Bahama0

Introduction of Liquifi & Mars Economy projects.

Mary | Satoshi club:

Hello, again Satoshi club! We are happy to announce our ama session with mars economy! Welcome to Satoshi club😀

D| Satoshi club:

Today our guests – @teflon_musk @n_ollo @istruchkov @jet_jelly @bahama0  !

Nice to have you here guys! Welcome.

Nic:

It’s a pleasure to be here, thanks for having us!

Mary | Satoshi club:

Welcome here 👍 How’s going?😀

Jet jelly:

Hi all, awesome to be here!! 🚀🚀

Mary | Satoshi club:

Hello! Happy to see you here 👍

Jet jelly:

So, looking forward to today’s ama — a lot to share with you, guys!

Mary | Satoshi club:

Let’s start our ama than🚀🚀🚀 Welcome to Satoshi club 👏

Jet jelly:

Let’s do this.

Mary | Satoshi club:

Could you please introduce yourself and tell us more about Mars economy?

Teflon musk:

It started when a bunch of people who all are equally as excited about space exploration and DeFi got together on the internet and decided to answer the “what if?” Question.

Mars economy is a community focused on the expansion of humanity to mars and the creation of a DeFi ecosystem on the red planet, using cryptocurrency in a blockchain-based predictions market as a vehicle to drive the democratic approach to colonization.

We are a community-led project built around an open-source protocol that supports and spreads knowledge around current projects and initiatives driving mars colonization.

Teflon musk:

I’m a passionate fintech product marketer and memer passionate about space, rocketry, and growing the meme economy. The future is now! 🚀

Mary | Satoshi club:

You look far into the future!

D| Satoshi club:

So your project is a meme project? 😄

Teflon musk:

We certainly don’t consider ourselves a meme project by any means but we are believers in the meme economy and plan to utilize them as tools to grow our community and raise awareness of the project with the public and space community.

D| Satoshi club:

Makes sense 👍

Mary | Satoshi club:

@is_Liquifi welcome here 😀

I.s.:

Hi all! 👋

D| Satoshi club:

Hello! Welcome!

Jet jelly:

Hey, I’m a crypto & digital currency expert, researcher, and a (co)founder of a number of initiatives in the space. A big proponent of post-capitalism, new-gen fi, and space exploration 🌐🚀

Mary | Satoshi club:

So, when mars economy was born?

Nic:

We launched on Liquifi exchange at the beginning of this week but have been in development since January. We are excited about the next ten years!

D| Satoshi club:

Btw so to clarify Liquifi & mars economy are one project or two different?

Mary | Satoshi club:

@cool_as_ice shoot 🚀🚀🚀

Jet jelly:

They are two different projects. Mars economy is a prediction market-based protocol and Liquifi is a DEX that hosted mars economy’s IDO

D| Satoshi club:

Nice! Got it, now we know 😉👍

I.s.:

I am tech lead at Liquifi. I am fond of blockchain and DeFi technologies.

Mary | Satoshi club:

Nice start🚀 Thank you for your intro, guys!

Nic:

Absolutely! Thanks for hosting!

Mary | Satoshi club:

And you ready for the questions from our community? 😉

Teflon musk:

Yes! Ask away!

Preselected questions about the Liquifi & Mars Economy DeFi projects.

D| Satoshi club:

Q1 from telegram user @josegamboac

The mars economy project consists of two phases: the prediction market phase will be the initial phase. The martian financial ecosystem phase will begin with the first achievements in the colonization of Mars. Can you explain each of these phases of the project to us?

Nic:

The prediction market phase will be the initial phase, during which the project will implement prediction market contracts allowing people to stake on the outcomes related to the future colonization of Mars. During this phase also the initial distribution and market creation for decentralized mars tokens will be accomplished. The tokens in this phase will serve as a basis for the sustainable oracle system and as a voting token for decentralized governance.

The martian financial ecosystem phase will start with the first achievements in the colonization of Mars. In this phase, decentralized mars tokens will become an exchange medium for financial transactions both on mars and between mars and earth.

Mary | Satoshi club:

Can you explain how this first stage will work? I mean what users need to do to get as many benefits as possible

Nic:

Well, most of us are not astronauts, so we wanted to create something accessible to the public for starters…

We want to raise awareness and educate people on why it makes sense to colonize mars and what it takes to do it. We want to draw your attention to the most notable and successful projects that contribute to this goal. We want to crowdsource people’s perspectives on who are the most important contributors, people and organizations, and support them. Given where we are today, we thought creating a prediction market would be a way to source and verify the information related to mars colonization as well as engage the public and crypto community and get everyone as excited about space exploration as we are.

Mary | Satoshi club:

Nice goals! Sure, people will appreciate what you’re doing!

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

Nic:

Absolutely!

Teflon musk:

I personally really liked this quote from Balaji Srinivasan former CTO of Coinbase for prediction markets:

“blockchain-based prediction markets may be the one force strong enough to counterbalance the spread of incorrect information on social media. They give people a financial incentive to seek the truth and then protect them with the twin shields of pseudonymity and decentralization.”

It’s a unique way to engage a community and align individuals without borders.

Mary | Satoshi club:

Yes, it has a sense 😀

D| Satoshi club:

Q2 from telegram user @manugotsuka

The most important thing about a project is its native token, so can you please give us details about the relationship between the $lqf and $dmt? The dmt will be listed on the Liquifi exchange and the lqf will be going to mars?

Jet jelly:

The purpose of the native token of mars economy ($dmt) is (1) governance (2) being able to participate in the mars economy oracle network and earn this way and (3) once we are on mars, become a part of the newly established financial ecosystem $dmt will “dock” into.

I.s.:

$lqf is the native token for Liquifi and of course, it benefits from every project that is listed on our DEX. We also plan to become the best place for other starting projects, not only the Mars economy, to make IDOs and create markets for their tokens with low costs. So, yes, we are going to mars together! 🚀

D| Satoshi club:

What will be the governance function? For what decisions people able to vote for? Cool😎

Jet jelly:

There are 2 types of decisions: native & predefined on-chain and off-chain with an on-chain voting process.

The first part consists of:

• prediction outcome decisions during the dispute and voting phases.
• create a new prediction market.
• shift an ending time for predictions back in time for a given prediction

Market.

• change oracles list.
• transfer tokens from the core team pool, the strategic investor’s pool,

The ecosystem pool or the fundraising pool to a specific wallet.

• change the oracle fee level.
• change the protocol fee level.
• change the receiver of the protocol fee.
• change the period for oracles to make decisions.
• change the length of the dispute phase.
• change the length of the voting phase.
• change the quorum threshold.
• change the amount of tokens staked by an oracle.
• change the amount of tokens staked to start a dispute.
• change the amount of tokens staked to submit a proposal.

Mary | Satoshi club:

As I understand users will use your platform to participate in Mars economy oracle network, right?

Jet jelly:

Yes, correct

I.s.:

Btw people can farm $lqf by adding liquidity to Liquifi $dmt-bnb pool.

D| Satoshi club:

Oh, so you have liquidity mining. Very Nice.

I.s.:

Sure! 😎

Mary | Satoshi club:

Is your platform safe?😉 any audits?

Jet jelly:

The team of Liquifi did an audit prior to the IDO. And Liquifi itself/overall was audited by pessimistic: 

And the second type is any decisions the community of #dmt will be coming up with on an ad-hoc basis. They will be voting with their $dmt

D| Satoshi club:

Thank you, detailed answer 👏

Absolutely

Mary | Satoshi club:

Awesome! Thank you for sharing 🚀

Mary | Satoshi club:

Thank you, guys, for your answers! Ready to fly to the mars? Oh, sorry, to the next question?😂

Nic:

Haha, sure! To both 😏

D| Satoshi club:

Q3 from telegram user @antoni_azx

One of the advantages of working with Liquifi is their optimal solutions for price slippage and front-running problems, which logically can make their yield farming attractive, can you explain what functionalities can have the mars economy token $DMT and how can the users take advantage of it on the Liquifi ecosystem?

Jet jelly:

First of all, people can buy $dmt with a very low slippage despite the very recent IDO and farm $lqf by staking $dmt!

Mary | Satoshi club:

Which is the price of $dmt now?

Jet jelly:

Around 55-65c per $dmt (the IDO price was 50c), inspite the recent dip in crypto prices 😎

D| Satoshi club:

What was behind the decision to launch your project on BSC? And you are currently supporting only one chain?

Mary | Satoshi club:

Yes, that was an unexpected dip🤦

Jet jelly:

BSC is awesome in terms of fast confirmations/processing and low transaction fees. It does deliver on the promise of democratization of access to DeFi, which we support very much. Cannot do much on ethereum currently, but we do support it and will deploy as soon as pos becomes available there.

Hence usability is very high on BSC and our users are very happy.

We are currently planning to work on Cardano as soon as Plutus/Marlowe becomes available in testnets. And as I said ready to deploy on Ethereum.

D| Satoshi club:

Gotcha! But people can use Ethereum as a storage, its network is highly secure 😉 But you are right, BSC now is way more comfy to use 😁

Jet jelly:

Storage — maybe, but the vison of Vitalik was/is far beyond

Mary | Satoshi club:

But if you look to the distant future (as you do with mars), would you agree that in terms of decentralization, eth is much more promising than BSC?

Jet jelly:

Ethereum is surely winning atm with a higher degree of decentralization and lower concentration.

However, it’s become quite a large community with a lot of inertia, hence there’s quite some lobbying against pos.

Therefore, we will see whether BSC will decentralize its pos faster or Ethereum will turn its governance “barge” around on time and implement a meaningful pos-based algo.

Mary | Satoshi club:

Gotcha, it’s logical 😀 Ready to fly to the next question? 😉

Jet jelly:

In case Ethereum will continue on its track to becoming a “store of value” (only), BSC could surely flip it in terms of DeFi use-cases. In fact, it’s already done so tx-wise. Sure 🙂

D| Satoshi club:

Q4 from telegram user @kimterbear

You explained in your medium why you chose Liquifi for $dmt and not PancakeSwap. Now by reading your website, you mentioned that $dmt would be available on PancakeSwap in the future. Why bother listing the token on PancakeSwap if the reason why you chose Liquifi is that the amount of liquidity required for PancakeSwap is dramatically high?

Teflon musk:

While we do love Liquifi, we want to make our project accessible to as many people as possible and believe listing our token on additional exchanges (like PancakeSwap and others) will enable this.

Mary | Satoshi club:

Yes, that is right! Will $dmt available for farming on PancakeSwap?

Jet jelly:

We will build $dmt farming on Liquifi (100%) and we will work towards farming on cake once we gain a bit more traction/holders. The cake community would have to vote/agree first, hence traction is important.

Mary | Satoshi club:

How many holders do you currently have?

Teflon musk:

We have close to 600 holders already! Super exciting and passionate community here. All eyes on mars.

D| Satoshi club:

That’s a good number for a young project 👍

Mary | Satoshi club:

Super👍 Thank you for your answers! Ready to proceed?😉

Jet jelly:

Yes

D| Satoshi club:

Q5 from telegram user @cryptofollower 

I see on your Twitter page you retweeted Elon mask’s tweet about make humanity a multiplanet species. For quite some time Elon musk had great popularity in the crypto world. But recent tweets about bitcoin made people angry and people thinks he is responsible for the recent crush. So do you think can Elon musk still be used on your project and worth mention about? Don’t you think it can damage the project? After all, mars project is not all about elon. Nasa and amazon’s blue origin also has plans about mars.

Jet jelly:

We should make it very clear that Elon’s post/action was not targeted against crypto overall. Elon is still one of the key proponents of decentralization, new-gen finance, and post-capitalism-inspired property/ownership concepts.

Elon discouraged pow, which we do not support as well. We are here for the long run and need to protect our planet & resources. Otherwise, there will be no mars journey whatsoever 🙂

D| Satoshi club:

And by the way, musk helped a lot of people made money on the current bull run, some people forgetting about it and remember only negative, but fact that one person (famous person) manipulate the whole market by posting tweets, it shows how immature the crypto market currently

Jet jelly:

Hence, we are confident that Elon will support crypto as one of the main divers of the above.

D| Satoshi club:

@madamlobster do you have any additional questions?

Mary | Satoshi club:

No😀 If everyone agrees we can move to the next question.

D| Satoshi club:

The last one from part 1

Jet jelly:

Yes please, bring it on 🙂

D| Satoshi club:

Q6 from telegram user @highpee

Mars has be regarded as a potential second home for humans, and in a bid to leverage on this theory, you created the mars economy as a blockchain project that will give users the privilege to anonymously predict outcomes on mars mission. How do you intend to create a balance ecosystem of the new colony on mars? How will you use blockchain to be a mars prediction vehicle as well as drive public understanding of the mars missions and what roles are users expected to fill in the democratic approach to mars colonization? Lastly, in your own opinion, how feasible is the mars mission and how soon can it be actualized (when mars)?

Jet jelly:

>how feasible is the Mars mission and how soon can it be actualized (when mars)?

It is absolutely feasible, no question there.

When? This is exactly what our prediction markets phase/features are for, see the exact dates here: https://marseconomy.org/#/predictionmarkets

Next week you will be able to start using these prediction markets. 🚀😎

D| Satoshi club:

Do you have a special place for NFTS in the bright future of the project 😊 ?

Mary | Satoshi club:

Will we need to stake our tokens to predict?

Jet jelly:

>the Mars has be regarded as a potential second home for humans, and in a bid to leverage on this theory, you created the mars economy as a blockchain project that will give users the privilege to anonymously predict outcomes on mars mission. How do you intend to create a balance ecosystem of the new colony on mars?

The journey with this clear intent — create a balanced ecosystem — starts exacty now, with mars economy. We are democratizing access and providing everyone an opportunity to secure a place in that future ecosystem now. First — through education, support and prediction market-based knowledge consolidation/sharing. And next — with phase ii, where our project and a newly developed protocol with “dock” into the martian financial ecosystem, bringing along the invested utility & value.

Jet jelly:

You will be able to stake either dmt or busd <= to participate in the prediction markets

Mary | Satoshi club:

If prediction goes to 2040 does it mean I will need to stake tokens till that time?😀

Teflon musk:

We don’t have any nft plans at the moment but it’s something that’s been mentioned a few times by our community members. Certainly, something to consider!

D| Satoshi club:

Great!

Jet jelly:

You will bet on the outcome towards 2040 and as certainty around it grows, a specific outcome appreciates in value. The earlier you bet — the more you gain! You can always trade your prediction market outcome tokens, before the actual event 😉

Mary | Satoshi club:

Gotcha! Thank you for your answers! Ready for the most exciting part of our ama? Live part?

Teflon musk:

Let’s do it!

Mary | Satoshi club:

Let’s go 🚀

PART 2.Questions about the Liquifi & Mars Economy 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 Liquifi & Mars Economy crypto projects choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @nitrogenpower

Have there been any coingecko and cmc listings of $LQF? Where can I see the price chart?

Jet Jelly:

Certainly. As a boy I always wanted to go to space and explore

Q – 2 from a telegram user @cryptofollower

MarsEconomy is a blockchain-based prediction market. But will it be always about the predictions about Mars? How many predictions can be made about Mars and what kind of topics can be chosen? And if it is all about Mars, won’t that limit the project? Maybe you can add another planet too? 

Teflon Musk:

Yes! For starters, it will be hyper-focused on projects directly impacting Mars colonization but is built in a way that different projects and initiatives can be added as the space industry continues to innovate

Q – 3 from a telegram user @andrey_seleznov

Liquifi website shows only $4976 as BNB ETH pair liquidity, this seems quite low. How do you make sure price impact is not too high on the high volume trades and you do not run out of liquidity completely if whales decide to move large volumes?

I.S.:

Actually, as I can see it’s $7590 right now. Of course, Liquifi will always strive to attract more liquidity to the pools. But that’s where Liquifi’s solution for the price slippage problem is coming up. Using Liquifi’s time-locked swaps we can achieve low price impact event on small pools. And we specifically use this feature for new IDO pools.

Q – 4 from a telegram user @MCBTrade

You establish a link between the progress of your project and the colonization of Mars. Is it a concept, or will the colonization process of Mars really determine the success and development of your project? What if there is never colonization on Mars?

Teflon Musk:

Whatever ends up happening, users can use the Mars Economy prediction market to take either side. A unique way to bet on your beliefs.

Q – 5 from a telegram user @potentialsake

There a lot of Mars tokens Moon tokens right now. What makes your project different from those other tokens?

Jet Jelly:

What makes us different is that we are not just a meme/fad token. We are an ecosystem of protocols with a very specific utility, experience in the domain (space/business/crypto/meme economy) and evolving partnerships

Q – 6 from a telegram user @Tony253210

Liquifi and Mars economy are both good projects, but during these days of high fee, the good projects are who have implemented the Cross Chain feature, so can you tell us how many chains are compatible with Liquifi and Mars economy?

I.S.:

Liquifi is planning to go cross-chain up to the end of summer.

Q – 7 from a telegram user @Rony629

Without proper marketing a project dies like a dead river. So, how strong is your word to mouth marketing and how do you planning to raise capital?

Jet Jelly:

We have quite a unique marketing outreach. For starters, check @teflon_musk’s instagram => https://www.instagram.com/teflon_musk/

Q – 8 from a telegram user @vedamatrix

Do you think Martians will use MarsEconomy as their payment choice?

Teflon Musk:

We sure hope so! We’re already getting a taste of cryptos usage within the space industry with SpaceX accepting Dogecoin payments for the Doge-1 Mission to the moon.

Q – 9 from a telegram user @david723

There is a widely held belief that most projects will not survive in the long term. That’s probably true. What lessons have you taken from your experience or watching other projects in this space?

Jet Jelly:

To be stay to our values, trust, and listed our community, not oversell/overdistribute the token, build meaningful partnerships, develop something people really need and want.

Q -10 from a telegram user @My1queen

Mars Economy focuses on prediction market. Will this prediction be limited to Mars? And what plans do you have for other planets?

Jet Jelly:

We start with Mars, because we need to focus and because it’s the “way forward” for humanity provided that we want to become multiplanetary species.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Liquifi & Mars Economy projects. 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: Liquifi & Mars Economy

Liquifi Useful links:

Liquifi Telegram group  | GitHub |  Tweeter  |  Website  

Mars Economy Useful Links:

Telegram group  | GitHub |  Tweeter  |  Website | Medium

We are pleased to announce our next AMA on May 27th, 2021 at 01:00 PM UTC Time: Satoshi Club Russian x Plethori Russian

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Russian Satoshi Club Telegram group
👉 Join Plethori Russian Telegram group

We will have the following structure:

Part 1: 50 /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 50/5 users – Open chat for 120 seconds. You can post Max 3 questions. Plethori Russian Team will select 5 questions and answer them.

For more details:
Plethori Russian – @Plethori Russian
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We were delighted to welcome our guest from BTC Proxy. The AMA took place on May 24th, 2021 and our guests were @donnkim and @Jaytee_Fi !

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Маry Satoshi CLUB: Hello  Satoshi Club! We are happy to announce our AMA session with BTC Proxy! Welcome to Satoshi Club😀

Paul Mont | Satoshi Club: Today’s guests are @donnkim and @Jaytee_Fi ! Welcome guys! Great to have you here! 😁

Donn K:

hello guys nice to join your community – its a pleasure to be here!

Paul Mont | Satoshi Club: Briliiant introduction, love it 💎

Маry Satoshi CLUB: Hello, Donn! Welcome here 😀 How’s going? Market is much better today😀

Donn K: youve got a huge group here

Donn K: its very interactive and hope to introduce our project

Paul Mont | Satoshi Club: We sure do, our community is very fond of learning about innovative projects like BTC Proxy 🚀

Donn K: yes well we hope to make the discussion as simple as possible to understand

Маry Satoshi CLUB: Donn, could you please introduce yourself and tell us more about BTC Proxy?😀

Donn K: My name is Donnie and I am the founder of BTC Proxy and also the CTO of Kryptoin. . Our focus is the intersection of Bitcoin and ETFs  which are Exchange traded Products

Kryptoin is in the regulated Asset Management space where our Directors have managed over 70 Billion and managed the GLD which was the largest Gold ETF.  We are also currently engaged in the application for a US Bitcoin ETF.

There are many similarities in Exchange Traded Funds and Stable Coin structures and we have applied these fundamentals to BTC Proxy so that it can be qualified for institutional usage

Маry Satoshi CLUB: I heard bitcoin is unlikely to recieve US ETF after this huge price movements, what is your opinion?

Donn K: well, I dont think price movements will be the determinint factor in the approval of the Bitcoin ETF

Маry Satoshi CLUB: I also hope so👏 less fud, more work than!

Donn K: we understand from the feedback from the SEC it is a series of factors mainly based on the possible manipulation of the markets

Paul Mont | Satoshi Club: I guess the actual low liquidity in the crypto markets might be one of those factors

Маry Satoshi CLUB: Elon should be banned from twitter 🤣

Paul Mont | Satoshi Club: But that should become less important as adoption rises, hopefully.

Donn K: Elon might be in some hot water with some of his comments

Paul Mont | Satoshi Club: Ah yes 😅

Donn K: What he does bring is attention to this market – which is driving everyone to it

Маry Satoshi CLUB: It’s a joke, but for years we see this manipulations, and to get more capital we need ETF and with it there will be less chances for manipulations

Donn K: yes, the ETF will be sign by the US that the doors will be opening for retail investment – but before they open the doors they will ensure that the market is safe

Маry Satoshi CLUB: Sometimes it comes down to a broken circle and thank you so much for trying to break it!

Paul Mont | Satoshi Club: I’m so eagerly awaiting the approval of the first US-based Bitcoin ETF. It’s gonna definitely be a huge next step towards Bitcoin cementing a much more concrete foundation and maturity for the crypto markets as a whole 😉

Donn K: we are hopeful also, I believe one of the first ETF applications was made in 2014 by the Winkelvoss twins so its been over 7 years

Donn K: with mainstream adoption happening in the rest of the world we believe the US is ready

Маry Satoshi CLUB: That’s awesome, you give us a portion of hope😀 Thank you for your great intro, Donn! We collected 6 questions from our community for the first part of our AMA 🚀 Are you ready to answer them?

Donn K: sure please go ahead

Q1 from Telegram User @meml97

Early this month BTC Proxy had their Allocation Mining Event, which I read it was a total blast, so can you tell us more about how this event really went? Also, after having such a successful event, your upcoming IDO is what everyone is waiting for, can you tell us more about this future event? When and where will it take place? Is there any whitelist we can join for it?

Donn K: great question

Launchpool is considered a PRE-IDO event or the private sale event that allows not only funds and VCs to participate but also the general public.  They call this egalitarian investing that allows participants to get access to the same deals. The AME went very well with over 1.1M tokens staked which was over $11M of $lpool that was staked to secure their % portion of the offering which was 300K. The purpose of the AME is to distribute to as many wallets as you can so that the token has a wide distribution.  We hope the event has brought over 5K wallet holders.

Donn K: The IDO is happening later in June, we have the details but are not allowed to disclose them yet but if you join the TG https://t.me/BTC_Proxy or twitter https://twitter.com/BTC_proxy , you can stay informed. There will be a whitelist.

Paul Mont | Satoshi Club: Amazing initiative, accompanied by so much engagement 👏👏

Маry Satoshi CLUB: Sure! We will follow your updates! But, please, don’t forget to share this news with Satoshi Club, so no one will miss it😉

Donn K: we definitely will, Satoshi club is great! glad I found this place

Paul Mont | Satoshi Club: I’ve read that following the AME, there will also be a follow-up Pop Up Pool due to the event’s high community interest?

Маry Satoshi CLUB: All roads lead to Satoshi Club 🤣

Donn K: actually Paul, the Pop Up pool was BEFORE the actual AME to gauge interest

Paul Mont | Satoshi Club: Can’t help but agree haha 😁

Donn K: we offered 20K worth of tokens and for that over 5M was staked. so there was significant amount of interest

Paul Mont | Satoshi Club: My bad, I was looking for another of such amazing entry opportunities regarding BTCProxy… I guess the next one will come with the IDO 😉

Donn K: Yes the next event is the IDO

Paul Mont | Satoshi Club: Thank you for the clear answer Donn! Let’s hop onto the next question, shall we? 😁

Donn K: sure

Q2 from Telegram user @Highpee

BTC Proxy platforms utilises 2 tokens: BTCpx and PRXY. While BTCpx is pegged to 1:1 the value of BTC, $PRXY will act as the platform governance token. Since BTCpx is an ERC20 token built on the Ethereum chain, What are the procedure to mint BTCpx and bring BTC function into Defi? In what way is BTCpx designed to offer an insured custody and a 1:1 backing ratio that can never be affected by volume or liquidity? Also, How will you make it possible to mine BTC using a Proof-of-stake mechanism by staking $PRXY when Bitcoin mining is normally done through a Proof-Of-Work? What are the procedure to do this and where will the BTC come from?

Donn K: great multipart question – means someone did their homework! The procedure to mint BTCpx occurs on our UI at btcpx.io/mint the instructions on how to do this can be found in the docs.btcpx.io and a video is also viewable for your convenience.

Маry Satoshi CLUB: Yes, @Highpee is a champion of questions 😉

Donn K: Once your BTC is locked in custody and you have your erc20 version of it you will find future pools with staking and yield earning opportunities surrounding that token and $PRXY

BTC is insured by a licensed and regulated custodian HEX Trust.  You can find details of the insuranc here https://hextrust.com/custody-services/safekeeping#safekeeping-6

Donn K: BTCpx is designed to have a 1:1 ratio with BTC because it is backed by the same number inside custody.  This mechanism to mint has no slippage and is not affected by volume as it is not dependent on liquidity since btcpx is new minted. It is burned when BTCpx is redeemed.

Donn K: and the last part about mining. Bitcoin is Farmed – not actually mined- as a DeFi protocol when $PRXY is staked.  Where does this BTC come from?  When users mint or redeem BTCpx they pay fees in Bitcoin and those fees are shared with the stakers

Маry Satoshi CLUB: Where we will be able to farm BTCpx?😀

Paul Mont | Satoshi Club: And also, which precentage of the fees are shared back to holders? 🙃

Donn K: Farming will happen on either btcpx.io/earn. or on some dedicated site. the fee sharing model is likely around 50% of fees earned on a monthly basis. so every month we strive to offer some BTC to be farmed

Маry Satoshi CLUB:

That’s incentive model😀

Donn K: we think this is an attractive model, as some people are only interested in BTC

Bitcoin is King!

Маry Satoshi CLUB: And that’s true, some people are real BTC maximalists

Thank you for your answers, Donn! Ready to proceed?

Donn K: yes go ahead

Q3 from Telegram user @Arisabela

You use a model that eliminates any centralized counter-party risk by allowing distributors and users to mint tokens by interacting with the smart contract directly, you must ensure the durability and safety of your smart contract to prevent unwanted attacks, what measures have been taken regarding safety?

Donn K: safety and security are always top of mind as should be with any new project. We have worked closely with the Matic/Polygon team to ensure best practices.  There are certain things you must do to ensure security of Layer 2. We have performed penetration testing on the UI. We have also passed security audit by Quillhash

Маry Satoshi CLUB: Good job! And i suppose you will not stop?😀 As hackers always around

Donn K: yes its going to be a constant upgrading of security and testing

Маry Satoshi CLUB: Do you have a big team of developers?

Donn K: actually we do, we have about 6 full time. and many other contractors we use on a case by case basis. Layer 2 adds significant complexity to any project

Маry Satoshi CLUB: Quite big team! Yes, you’re right. Thank you for your answers! Ready to jump to the next question?

Donn K: yes

Q4 from Telegram user @kimterbear

You mentioned that DAO’s funds are not mixed with the general pool with the means of segregated wallets. How is this segregated? What is the protocol that segregates it and how can we ensure that funds do not mix with others? Is there an audit performed by a third-party application?

Маry Satoshi CLUB: Partially answered 😀

Donn K: when you are dealing with BTCpx we dont actually ever touch your funds

Donn K: you are sending them directly to the custodian. we simply detect the deposit or withdrawal at their address

Маry Satoshi CLUB: Who is custodian in this case?

Donn K: for DAO members we are able to program a sub account within custody so that it does not mix into the pools right in the smart contract. Hex Trust. so funds are never mixed which adds an additional layer of security

Paul Mont | Satoshi Club:

It is a mechanism that’s also being in place with “traditional” ETFs, is that correct?

Маry Satoshi CLUB: If, theoretically, something will happen with custodian (hack etc), what actions will be provided?

Donn K: this custody method is also used with ETFs and other funds also

Paul Mont | Satoshi Club: Safety is a very felt concern in the crypto space, I’m pretty sure any stakeholder will be super relieved and glad that you’ve aptly anticipated the issue and have already taken care of that with additional measures 🚀

Donn K: Funds inside custody if hacked are insured for a multitude of reasons

https://hextrust.com/custody-services/safekeeping#safekeeping-6

you can read about the insurance policy of funds deposited here

Paul Mont | Satoshi Club: Thanks for sharing 🙏

Donn K: welcome

Маry Satoshi CLUB: Thank you for your answers, Donn! Ready to go to the next question?

Donn K: yes

Q5 from Telegram User @cryptofollower

I check your DEX and it says, Currently in Beta Testnet – Do not send real Bitcoin. So I want to try out your beta testnet, where can I get test tokens? Also do you have any bug bounty and reward programs for people who are using your Testnet and report bugs to you?

Donn K: The beta is on Goerli Testnet and you can get testnet Bitcoin from faucets available on the internet. You just have to search for it. personally we use Bitpay wallet for testnet bitcoins. You can find the testnet contract for BTCpx from btcpx.io on the bottom left where it says Supply Contract.  With these two things you can perform a test and receive testnet BTCpx into  your metamask.  There is currently no bug bounty but that is a good idea that we might implement before launch.

Маry Satoshi CLUB: What about rewards for testers?

Donn K: we will have to set up a bug bounty with satoshi club! 😊

Paul Mont | Satoshi Club: Haha that would be great 😁🔝. I’m pretty sure there would be some great contributors among the many skilled individuals inside the Satoshi Club community 😉

Маry Satoshi CLUB: Anyway i want to try testing! I like such kind of experience 😉

Donn K: we will look into this

Маry Satoshi CLUB: Thank you for your answers! Ready to proceed?🚀

Donn K: yes

Paul Mont | Satoshi Club: Last question for this first part of the AMA 🙂

Q6 from Telegram User @jodasf

Users in most cases, are in search of projects that really represent a good investment not only in the short term, but also over time, so I would like to know the details of the plans you are currently developing to expand in the market, achieve a very good position and be one of the most recognized platforms and adopted by users for its transparency, security and profitability?

Donn K: Transparency security and profitability are needed for any project, but we believe that the project has to serve a real purpose for real users and deliver real value. We already know that there is 10B worth of BTC tokenized for DeFi in the market, This large number still only represents 1% of the BTC value and there is much more coming in the future. there are inefficiencies in the competitors’ protocols that we are addressing such as high gas fees and a lack of a UI. It is 70% cheaper to use us than renBTC

Paul Mont | Satoshi Club: To my knowledge, both wBTC and renBTC are also uninsured protocols, compared to BTCpx. Am I wrong?

Маry Satoshi CLUB: I like this! Currently fees are a problem

Donn K: for any ETH project yes it is

Donn K: all our staking contracts to earn yield will also be L2. so this will bring more yield to participants because it save them costs

Маry Satoshi CLUB: When you plan to go live?

Donn K: on top of that we offer BTC as the reward. which we think is most attractive. we are moving to mainnet now. before the IDO

Paul Mont | Satoshi Club: And that’s already enough to draw a lot of attention 😁

Donn K: so stay tuned, we will let your community know and possibly have bug bounty

Маry Satoshi CLUB: Sure! We will!🚀🚀🚀

Donn K: wonderful

Part 2 — live questions from the Telegram community

Q1 from Telegram User @doithay1617

Wrapped Tokens are Popular, many tokenizing Bitcoin on Ethereum such as: WBTC vs RENBTC vs HBTC,… What is the difference between BTCpx and these similar tokens?

Donn K: i found 1 that I wanted to answer and this was about the difference between our competitors

this is a chart made by the guys at FOMOcraft that explains the differences

cheaper fees, better UI, insured custody are the benefits of using BTCpx

Q2 from Telegram User @rockmorti

What could be the entry and exit fees for using this platform? and is this feature available for all countries?

Donn K:

the cost to mint is 0.1% and the cost to redeem is 0.3% which is roughly the same as renbtc

Q3 from Telegram User

As BTCPx can be cheaper than RenBTC, what is the magic here? is awesome

Donn K:

the magic here is to save the user 70% in gas fees to mint or redeem your BTCpx and that happens because our protocol is L2

Q4 from Telegram User @highpee

One of your direct investor is MATIC and BTCpx will operate as a Layer 2 protocol on MATIC network. I read that you have been working with MATIC since 2017 with Kryptoin. Was it because of this familiar relationship that made you to launch your project on MATIC or are there any technological advantages that you have identified on MATIC which will best suit the scope of your project?

Donn K: yes one of our direct investors is Matic. we have been working with matic since 2017.  I am a personal friend of Sandeep – before he became a billionaire! Lol. Sandeep and his team forcasted the need for Layer 2 in 2018. amazing if you can do the same as an entrepreneuer

Q5 from Telegram User

What are the main objectives of the BTC PROXY project for the next 1-5 years? Can you provide an explanation?

@donnkim

Donn K:

the objectives for BTC Proxy is to build the most reliable bitcoin bridge for institutions

our roadmap next is to integrate Gemini custody and BSC chain

Q6 from Telegram User @bila342

Does your project support staking program?if yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?@donnkim

Donn K:

yes we will be creating a farm of staking opportunities around the tokens

they will be L2 to save you gas fees and they will be rewarded in $prxy tokens

Q7 from Telegram User @Kabirkapoor9

 Hello @donnkim

Please give us an overview of tokenomics?

Donn K:

tokenomics basically – there is 21M total supply, with 829K initial marketcap at TGE

you can find the tokenomics at proxy.btcpx.io

Q8 from Telegram User @nadee5

Is  there  any  chance  to  make  passive income with  BTC proxy ?

Donn K:

yes you can by staking or by providing liquidity to the pools to earn rewards

Q9 from Telegram User @NataliyaKil

Polygon, Alphabit, A195 Capitol, TDeFi Accelerator and O1EX join the list of super backers to the Proxy’s #NextGenBitcoinBridge.  Can you tell us about #NextGenBitcoinBridge and what contribution these companies have made to the development of Proxy and what functions do they now perform as investors and partners?

Donn K:

these partners are all investors in the project and they have backed the project

Q10 from Telegram User @BlancaSdF

To convert BTC to BTCpx, do I need to pass some kind of special verification of personal data?

Donn K:

The user interface is permissionless so there is no KYC at the moment

but USA and OFAC countries will not be allowed to participate as ususal

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of BTC Proxy. They’ve prepared 4 questions for this part. The total reward pool for 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:

BTC Proxy Website – btcpx.io
BTC Proxy Telegram – @BTC_Proxy

We were delighted to welcome our guest from DragonBite. The AMA took place on May 21st, 2021 and our guest was @DB_Elvan .

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Маry Satoshi CLUB: Hello  Satoshi Club! We are happy to announce our AMA session with DragonBite! Welcome to Satoshi Club😀

D. Папа Роуч: today our guest – @DB_Elvan ! welcome to our club!

Elvan | DragonBite 🐉: Hello

D. Папа Роуч: hello! welcome!😊

Маry Satoshi CLUB: Hello, Elvan! Welcome here! 😀

Elvan | DragonBite 🐉: Hello @Cool_as_Ice @madamlobster and our buddies in Satoshi club. I am so pleased to be hear today!

D. Папа Роуч: good to have you here! how is your day going?

Маry Satoshi CLUB: It’s a pleasure to have you as Satoshi Club guest today 👍

Elvan | DragonBite 🐉: Thanks TGIF, I had a really productive week, as all of the DragonBite Team are busy preparing our launch in 31/5! How you guys doing?

D. Папа Роуч: awesome! very good, thanks! ☺️

Маry Satoshi CLUB: We are fine! Excited to have our AMA today and want to know about DragonBite as much as possible 😉

Elvan | DragonBite 🐉: Fantastic!

Маry Satoshi CLUB: So, Elvan, could you please introduce yourself and tell us more about DragonBite!

Elvan | DragonBite 🐉: For sure, I will try my best to get you know the whole picture of DragonBite

D. Папа Роуч: nice! then let’s begin with intro! 😊 @DB_Elvan could please introduce yourself and tell as about DragonBite😉

Elvan | DragonBite 🐉: Sure.

My name is Elvan Yau and I am the COO of DragonBite. I am a serial entrepreneur. I bought my first bitcoin back in 2015 and found the first Blockchain startup in 2017, it was a payment infrastructure allowing people to buy Bitcoin and Ether with Visa and Mastercard. I have also involved in the loyalty industry for years. During the time I worked in AsiaTop as the director of Product, I realized there’s intrinsic problems of digital assets as the interest of the program providers are usually not the same to end user.

Loyalty programs are literally everywhere. Today,  there are more than 95% of the population owns loyalty points. You might not realised, the value of digital asset has exceeded US dollar in circulation in the world. The market capitalisation of digital assets in 2020 was 1.6T dollars, including 700B in giftcards, 300B In loyalty points and 50B in gaming assets.

The existing mechanism is set to discourage you from using them. Therefore, The utilization rate of these assets is only 7%.

Most of the time, loyalty programs are bounded by Terms & conditions, your purchasing power would be discounted, also the products or services offered to be redeemed are limited and are always not attractive. Generally, your digital assets come from different providers. As a result, they are scattered, usually forgotten, left idle and would eventually be expired.

I saw the problem and thought blockchain would be right the solution and came up with the DragonBite idea.

D. Папа Роуч: nice! so i know you guys building DragonBite since 2018? right? 😇

Маry Satoshi CLUB: Awesome experience! How did you get involved with DragonBite?

Elvan | DragonBite 🐉: We have been preparing Dragonbite by acquiring merchants / partners and resources.

I saw the problem and thought blockchain would be right the solution and came up with this DragonBite idea right…

I talked with Mickeal, my buddy that we met in a crypto event in Dubai in 2018 and I also pitched my stategic advisor Andy about the idea and Andy agreed to support me with his business knowhow in loyalty industry and to share resources and network.

Elvan | DragonBite 🐉: Thats how we started DragonBite

Маry Satoshi CLUB: Historical events! I like to listen to such kind of stories how people connected and started something special!

Elvan | DragonBite 🐉: Me too, its always interesting to know how the chemistry bonded and started

Маry Satoshi CLUB: Sure! Thank you for your intro, Elvan! Do you want to add something or we can dive deeper into the questions from our community 😉

Elvan | DragonBite 🐉: Sure. Lets dive deeper. I am ready

Q1 from Telegram user @imwiiw27

DragonBite Announces First Major Listing on BitMart. Congratulations guys. What will be the benefits of this new partnership? Could you mind tell us what will be your next steps? Do you have any particular plans to have presale or IDO?

Elvan | DragonBite 🐉: “Liquidity” is the present we are bringing to the crypto world. Many of the blockchain projects facilitate only speculation purposes. The use cases, are limited in the blockchain industry. 

DragonBite provides real life use cases. We aim to remove the intrinsic inefficiencies of loyal points by allowing loyalty points turn into cryptocurrency. The whole idea is to facilitate loyalty points’ owner.

95% of the population owns loyalty point but the adaption rate of cryptocurrency is only 5%. DragonBite provides an easy and straight forward way for non-crypto users embrace the crypto space.

With BitMart, users will be able access BitMart’s features including all the cryptocurrencies listed on Bitmart to purchase and sell, without having to leave DragonBite.

On the other hand, users could also convert cryptocurrencies in to merchants cash vouchers / gift cards on DragonBite.

Crypto exchanges are often confusing for non-native crypto people due to the specific vocabulary and lack of trading knowledge. Having access to the cryptocurrencies at real time prices listed on BitMart from DragonBite without requiring users to create a new login will certainly motivate users of the DragonBite platform to explore what BitMart has to offer. We think this would allow more people to experience cryptocurrencies comfortably without getting confused by a change of UX and habits.

Regarding the $BITE sale, We have closed our private round, we have 3 launchpads coming up on MANTRADAO, PolkaBridge and DUCKDAO. We will be listing on Uniswap on 31/5

Маry Satoshi CLUB: Can you give us more details about upcoming Zendit launchpad? Which requirements to participate?

D. Папа Роуч: yes, are there some special requirements like holding projects’ tokens or something? to be able to participate

Elvan | DragonBite 🐉:

https://dragonbite.medium.com/dragonbite-announces-its-first-token-offering-on-zendit-mantradaos-launchpad-8adb7ef168b7

Маry Satoshi CLUB: It’s clear! And we still have time to apply for whitelist 👍

Elvan | DragonBite 🐉: For anyone interested, please go ahead and follow the instructions 😄

Маry Satoshi CLUB: Satoshiclubbers 😉 pay attention! Thank you for your answers! Ready to go to the next question?😉

Elvan | DragonBite 🐉: Yes for sure!

D. Папа Роуч: let’s go!🚀

Q2 from Telegram user @meml97

On DragonBite, we can turn our Idle Reward Points into Crypto, which is something really interesting, but I wonder, how is this possible? How is the process of turning this reward points into crypto and is there any kind of convertion fee we need to pay for this? Is there a certain min. and max. limit of points I can turn into crypto at the same time? Also, on what kind of tokens I can turn my points into?

Elvan | DragonBite 🐉: Thats a very good question. You cannot convert Apple to Orange. That is what DragonBite is solving for you with our Duo Token Mechanism.

https://twitter.com/DragonBiteDB/status/1384824258845622274/photo/1

Elvan | DragonBite 🐉: Let me begin with introducing the utility of our tokens

Маry Satoshi CLUB: Sure! We are very interested in this!

Elvan | DragonBite 🐉: a) $BITE, is our incentive token, which has limited supply. It will be publicly traded on Crypto Exchange. Merchants and partners, who utilize our platform to provide loyalty program and promotion activities, will be charged in the form of $BITE. $BITE is also required as transaction to bid valuable assets in our auction platform, to access our privilege services, to exchange $BITEPoint, to purchase coupons or gift cards, and to pre-pay DragonBite card. On the other hand, user or partner, who participates in trading activity and make contribution in our ecosystem, will be rewarded with $BITE. $BITE holders will earn more $BITE from staking, too.  We provide sufficient incentive to our active users to do asset conversion, member referral and business referral.  The more $BITE you hold, the more $BITE you will get and the greater voting power you will have in the DragonBite ecosystem.

b) $BITEPoint is DragonBite’s universal stablecoin, pegged 1:1 with the US Dollar back by all the digital asset in the ecosystem BITE Point acts as a medium of exchange between Digital Assets and provides liquidity to buyers and sellers of their digital assets on DragonBite’s ecosystem.

Маry Satoshi CLUB: How many tokens will be $BITE total supply?😀 Very interesting system! For now i see only benefits 😉

D. Папа Роуч: so i can convert all my $BITE into $BITEPoint and leave them there to avoid the volatility of crypto? if i want to

Elvan | DragonBite 🐉: To answer your answer in short. $BITEPoint (our stable token peg 1:1 to usd) will be used as the medium between different assets, in this case reward points and Crypto, assets will be given a value in backend by our Multi-Asset conversion engine. And yes, convertion fee will be charged for end user enjoying the swap with $BITE.

Маry Satoshi CLUB: Ohhh, that’s idea😂

Elvan | DragonBite 🐉: Multi-Asset conversion engine (MACE) is a protocol system that matches buy and sell digital assets through DragonBite App. It utilises our digital asset pool and platform to rapidly convert any supported digital asset into the other digital asset at prevailing market value. So, digital assets, such as loyalty points, e-vouchers and in-game assets will be spendable in any place in the world. The MACE will be linked to no less than five top loyalty programmes and crypto exchanges when we launch

$BITE Total supply will be 1B

exactly!

D. Папа Роуч: very nice!

Маry Satoshi CLUB: When DragonBite app will be available for usage?

D. Папа Роуч: do people have to share some personal information with DragonBite app?

Elvan | DragonBite 🐉: Yes, we do basic KYC to protect our user, ecosystem and stakeholders

D. Папа Роуч: got it 👌

Elvan | DragonBite 🐉: and users may deposit their digital assets and enjoy the swap 🙂. haha sorry miss that. It will be available in Q4 2021! will be on appstore available for download!

Маry Satoshi CLUB: We will wait for this event 🥳🥳🥳 Google play?

Elvan | DragonBite 🐉: Very exciting!

Elvan | DragonBite 🐉: Google play and Apple appstore of coz

Маry Satoshi CLUB: Fantastic 🚀

Маry Satoshi CLUB: Thank you for your answers! Ready to proceed?😉

Elvan | DragonBite 🐉: Yes Lets go

Q3 from Telegram user @Josegamboac

Dragonbite offers 2 cards to its users: Standard Dragonbite Card, Premium Dragonbite Card. What requirements do I need to obtain each of them? What benefit does each one offer? and how is one different from the other?

Elvan | DragonBite 🐉:

DragonBite pre-paid card allows users to spend at more than 30 million merchants and withdraw money from 2 million ATMs worldwide. To order a DragonBite Card (physical or virtual), users can request directly through the DragonBite App or website. All issued DragonBite Cards will be connected to our multi-currency conversion engine and DragonBite App. Clients will have the choice to order a virtual card and/or a physical card. Using DragonBite’s MACE (Multi-Asset Conversion Engine) Module, the DragonBite Card enables all supported cryptocurrencies to be spent in real-life consumption.

Маry Satoshi CLUB: Will you cards be available for all regions or some will be restricted?

D. Папа Роуч: i want this!

Маry Satoshi CLUB: Me as well, that’s why i am asking, my country often restricted from such kind of cards

Elvan | DragonBite 🐉: We are trying our best to facilitate to every single corner around the globe, however we do understand there are restrictions from countries that we have to comply. We are working on it, details will be announced on our twitter, medium and our telegram group. Stay tuned! I know right!

Маry Satoshi CLUB: Thank you, i am watching 😂 i definitely want your card! Ready to jump to the next question?😉

D. Папа Роуч: as do i 😄

Elvan | DragonBite 🐉: Me too, i just love how it looks 😄

Elvan | DragonBite 🐉: For sure

Q4 from Telegram user @victorogb

Sticking to it’s mandate of unlocking the true value of digital assets, DragonBite also aims to extend this service to the gaming industry by working to unlock the value of gaming assets, made achievable by allowing BITE point as the common currency running through the various gaming platforms. However, most gaming platforms are particularly strict and wouldn’t permit such actions on their franchise products, while a majority of them already have features to cater for such customer needs. How will DragonBite effectively achieve this, and considering that most gaming platforms run an entire system mostly with their native token, how would BITE point be relevant here?

Elvan | DragonBite 🐉: I believe gamers are one of the most crypto-friendly communities as gamers have been living in virtual world, they have been looting, fighting, trading all digital weapons and in-game assets for decades online and offline. Speaking of trading, I know there is market and economic value for unique assets (Weapon, Loots) in online games, people sell online on forums or even eBay.

I understand enjin has been working to disrupt this idle gaming assets by minting weapons, in game-assets into NFT. They have been working on it and the idea is proven work. Gaming platforms understand there will be beneficial to them by allowing in game assets recycle, that would increase the engaging rate, stickness and allow players come back to the version 2.0 of the same game.

DragonBite understands theres value in gaming assets, players work hard for weapons which are unique and same as loyalty points, the value should be secured and should not be stolen away. Dragonbite will collaborate with NFT – dApps gaming partners, onboard them as merchants and provide liquidity to them by bridging gaming assets to other digital assets in our ecosystem!

Маry Satoshi CLUB: Do you approximately know how it will work? I have some weapons in some games and really interested in this

Elvan | DragonBite 🐉: Same gaming companies will allow weapons to be minted into NFT, then you may sell or auction on DragonBite into $BITE / $BITEPoint

D. Папа Роуч: that’s make sense

Elvan | DragonBite 🐉: Enjin is actually doing a good job!

Маry Satoshi CLUB: That’s nice! Now i am waiting for this also😂

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

Elvan | DragonBite 🐉:

https://enjin.io/blog/how-nfts-bring-realness-to-virtual-card-games

Маry Satoshi CLUB: It’s connected to previous, btw😉

Elvan | DragonBite 🐉: Yes!

Q5 from Telegram user @Ruttiee

Do Dragon Bite have any plans to include NFTs as part of the digital assets users can buy and sell?

D. Папа Роуч: we already touched this a bit  😄

Elvan | DragonBite 🐉: haha yes

NFT is definitely an excited topic. As a digital asset marketplace, allow assets class to swap and convert. NFT, unique assets would also be supported on our platform in the future. We will partner with dApps / existing NFTs also would eventually provide values (sotheby’s) to non-fungible assets, such as cinema and concert ticket, art works and tokenise them. Liquidity would be provided to these NFTs in DragonBite! In the future, I believe we will see more use cases for NFT and the application of NFT to identify identities that could be useful in certain scenarios.

Маry Satoshi CLUB: Btw, which partnerships in crypto do you already have?

D. Папа Роуч: will user be able to swap NFTs into your app? you also have plans on this? i know some projects think about this – NFTs swap, aggregation etc

Маry Satoshi CLUB: Wow! Great job 👌

Elvan | DragonBite 🐉: Yes of coz we do, NFT will be available as it is classified as one of the digital assets

Elvan | DragonBite 🐉: Users may buy / sell / swap and auction

Маry Satoshi CLUB: Which blockchains you will support?

Маry Satoshi CLUB: Ohhh, i think we can talk about this while answering next question 😉. @DB_Elvan ready for the 6th and last question from this part?

Elvan | DragonBite 🐉: We are built on ERC-20 right now and planning to migrate to RioChain in Q4. Sure!

Q6 from Telegram user @yellowchamp

DragonBite will migrate to RioChain this coming 3rd quarter of this year,so what is the reason of migration? Why does your platform choose to migrate in RioChain? What advantages and strong points that RioChain will bring to DragonBite users with this migration? Thank you!

Elvan | DragonBite 🐉: RioChain enable lower transaction fees and faster confirmations. Also the cross-chain interoperability so that you can work across many different blockchains. It’s because RioChain is built on Substrate, which is a high-performance blockchain framework developed by Parity Technologies for the Polkadot ecosystem.

Elvan | DragonBite 🐉: We are expecting high amount of transactions as we facilitate 95% of the populations who owns loyalty points. We have to ensure a lower transaction fee and effcient user experience.

D. Папа Роуч: after migration you will still support erc20 standard? and do you have plans to explore other blockchains as well? BSC, Cosmos, Avax ?

Маry Satoshi CLUB: Yes, this will be great, as transaction fees is a real problem now

Elvan | DragonBite 🐉: Yes, it is likely for us to support erc20, we do not have plans exploring more blockchains as this moment.

Elvan | DragonBite 🐉: yes the gas fees are very volatile when i transfer 😄

Маry Satoshi CLUB: I am feeling like a real whale when i am telling that i transferred or swapped something on Ethereum 😂

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Shaa93

“DragonBite” – I want to know : What is the meaning of this name?

@DB_Elvan

Elvan | DragonBite 🐉:

There is a myth long time ago about a magic dragon🐲……who has the ability to turn the object into gold🥇🥇 after just one bite. In our galaxy🌠, we have many planets which are named after different loyalty programs……our magic dragon, who see opportunities there, will give the loyalty planet a “bite” and turn it into “crypto”. 💰💰

Not all dragons blow fire, some bite!

Q2 from Telegram User @swagncool

How secure is DragonBite?

Elvan | DragonBite 🐉:

We implement our technologies based on the banking practices to boost our security level.

Our tokens are protected by mix of hot, warm and cold technologies in order to maximize our security protection.

DragonBite does not handle the assets of our clients. All of their assets will be safely kept in custodian, Hex Trust, all the time.

The infrastructure of DragonBite Wallet adopts the state-of-the-art security features which protect all transactions inside the platform through several methodologies, that are biometric fingerprint, facial recognition, pattern-recognition and passcode access.  Therefore, users, who cannot remember their passwords, can still log into their accounts by using their fingerprints or head portraits on mobile devices.  Anyway, biometric detection technology should give a higher security protection than passcode access.

Q3 from Telegram User @zxcvbnmnbvcxza

Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?

Elvan | DragonBite 🐉:

DragonBite’s founders have over 20 year’s experience in payment, digital banking and investment banking. We have good reputations and good track records in our industries. Our goal is to build a legitimate and healthy ecosystem to grow with our community. Our mechanism protects every stakeholder in the ecosystem as the teams’ token will be locked up for 30 months. Since its inception in 2018, DragonBite has collaborated with leading companies in the field of blockchain, loyalty points and gaming. Today, Bite Point can be spent in 50,000 merchants point of sale. We are also partnering with Banks & major financial services, cryptocurrency exchanges and different blockchain ecosystem. We are the reseller of Steam, Google Play and Apple Giftcard.

Q4 from Telegram User @liamnoah456

Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some reasons why they should buy and hold your token in the long term?

Elvan | DragonBite 🐉:

I have encountered a lot of enquires about what is the benefit holding $BITE long-term.

I believe the success of DragonBite ecosystem and the value of $BITE aligns. It depends on 3 KPIs:

1) Number of merchants / partners

2) Size of digital asset pool

3) Number of users The more merchants / partners would provide larger liquidity and hence an increase size of digital asset in our pool.

The more assets supported for conversion, the more users would be acquired. These 3 KPIs would create a virtuous circle and as a result more transactions happen in DragonBite. More $Bite would be needed for transaction fee and as the demand increases, value rise. I am very confident in DragonBite and I believe we will grow with the community and get mutual benefits, investors definitely would get benefit from holding $BITE in long term.

Q5 from Telegram User @Josegamboac

Dragonbite has the 6 in 1 solution which has the following characteristics: D UAL token,  pre-paid card, a conversion of sset, governance, loyalty pool, analytics. Can you explain each of these characteristics in a simple way?

Elvan | DragonBite 🐉:

6-in-1 solution includes Dual token machanism, pRe-paid card, Asset conversion, Governance, lOyalty Pool and aNalytics.

As mentioned, Dual Token, $Bite is for utility purposes within DragonBite ecosystem and Bite Point uses as the medium of exchange between assets.

Our pre-paid card allows users to spend at more than 30 million merchants and withdraw money from 2 million ATMs worldwide. To order a DragonBite Card (physical or virtual), users can request directly through the DragonBite App or website

Multi-Asset conversion engine (MACE) is a protocol system that matches buy and sell digital assets through DragonBite App

For Governace, eventually DragonBite will be migrating and become a DAO. In order to submit a proposal and vote within the DragonBite ecosystem, a member must first hold BITE. Each staked BITE represents 1 vote.

A loyalty rewards platform allows the converting of reward points from one brand to another. Customers can select their favorite loyalty program from our list. After entering their credentials for the login process, the app would return available points or air mileages to their accounts (and the equivalent amount in BITE). Exchanges are secured by our blockchain technology. • Exchanges are visible within a few seconds • Everything is performed simply through the DragonBite app with a user-friendly and seamless experience

Our Online-to-Offline (O2O) execution platform is an advanced geo-targeting tool. Merchants who connect to our platform using API and design their own campaign to drive online traffic to their physical stores. End-users who are near the targeted location will receive real-time promotion notifications from our merchants based on the customers’ demographics, preferences and spending behaviour.

Q6 from Telegram User @BANGLADESHAWAMILIG

What are your plans for global expansion? Currently, which markets to focus on, or is it focused on building and growing to get customers, users and partners?

Elvan | DragonBite 🐉:

I believe a strong product & solution would attract community members & supporters as they feel the same pain and will be support the solution which benefit themselves. Alongside with the legitimate and long term solution for mutual benefits with the community. We will focus on marketing in order to let more people know about us and join our community. Gaming industry is one of the sector our marketing efforts will focus in as there are synergies between gaming and the crypto world. We target globally although we have already acquired 50,000 merchants points of sale in Asia. However, our team based in US, UK, Singapore and Hong Kong. Our reach will be in these are area and grow simultaneously.

Q7 from Telegram User @Steffiiigray5

What are your strategies in building a big and strong community? Do you agree that the power of the community will lead your project to grow globally?

Elvan | DragonBite 🐉:

Our team is extremely confident, we never worried about survival and sustainability. Growth is the only word in our dictionary. The confidence is back by the real life problem we are tackling. 95% of the population owns loyalty points and the intrinsic problem with the digital assets are obvious with 1.6T value yet to be unlocked.

Our project is legitimate, we aim to grow along with our community and seek for mutual, long term benefits. We treasure every single member in our community, the feedbacks are very important and we are open to comments and make improvements.

The character of blockchain is decentralised, as strong believers of blockchain, we hold tight the values and embrace the trend happening in the world. Eventually, DragonBite would become a DAO. The more $BITE you have, the voting power you have to make major change to the ecosystem! Everyone would become the stakeholder of DragonBite and you too!

Q8 from Telegram User @potentialsake

What is going to be the first blockchain that your token support and did you audit your smart contract?

Elvan | DragonBite 🐉:

We are on ERC-20, Audit was completed by hex trust.

Q9 from Telegram User @tubakhalid

😍😍😍Could you please elaborate more about your tokenomics?
What’s the total supply and what kind of plans do you have regarding the token unlocks in the future????????????????😍😍

Elvan | DragonBite 🐉:

Q10 from Telegram User @highpee

From the interesting stats you gave, 95% of population have one form of loyalty point or the other, but the utilisation rate is about 7%. How then will you make it possible for users to be able to put their idle loyalty into action? What will users be able to do with these vouchers on your platform bearing in mind that they were not issued by you?

Elvan | DragonBite 🐉:

The utlisation rate was low simply because the existing mechanism is set to discourage you from using them. Most of the time, loyalty programs are bounded by Terms & conditions, your purchasing power would be discounted, also the products or services offered to be redeemed are limited and are always not attractive. Generally, your digital assets come from different providers. As a result, they are scattered, usually forgotten, left idle and would eventually be expired. DragonBite allow users to deposit and convert the digital assets, they may manage all their digital assets in 1 app 1 password and convert to cryptocurrencies so they will never expired with upside. According our survey with AsiaTop 1m userbased, over 50% of users are willing and will be enjoy using DragonBite. BitePoints will be able to convert to cash vouchers in 50,000+ merchants point of sales, as we are partnering with AsiaTop which the merchants already have formed partnership, all we have to do is to connect our backend and settle to different parties via our partner.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of DragonBite. They’ve prepared 4 questions for this part. The total reward pool for 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:

DragonBite Website – dragonbite.io
DragonBite Telegram – @DragonBite

We were delighted to welcome our guest from Alpha Impact. The AMA took place on May 23rd, 2021 and our guests was @H7944811 .

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Маry Satoshi CLUB: Hello  Satoshi Club! We are happy to announce our AMA session with Alpha Impact! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club: Hello again, dear community! 😍

H H (Will never PM you for funds): Hey guys! Great to be here! Thanks for having me.

Маry Satoshi CLUB: Welcome here 👍 How are you today?😉

Gold Rocket | Satoshi Club: Today our guest is @H7944811 – Hayden Hughes, CEO and Co-founder of Alpha Impact!

Маry Satoshi CLUB: Hope you’re ok, red day today on the markets😭

H H (Will never PM you for funds): Hi guys!

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, Hayden Hughes!

H H (Will never PM you for funds): Really amazing that you’ve extended the invitation. Thanks so much for having me. How’s everyone doing this evening? Looks like markets are about to move up again. Hope we’ve all been buying the dip 🙂

Маry Satoshi CLUB: Oh, thank you for your optimism! We need it!🚀

Gold Rocket | Satoshi Club: The real crypto optimist is before us 😍

Маry Satoshi CLUB: Tell us more about Alpha Impact 😉 what is the main sense behind your project?

H H (Will never PM you for funds): Great question

Hi there! I’m Hayden Hughes, the Co-Founder and CEO of Alpha Impact. Before starting this company with my Co-Founder and CPTO Austin Chaird, I became a lawyer before working in crypto in 2017. From 2017 – 2020 I worked as Head of Distribution for Techemy, a regulated investment bank focusing on crypto and blockchain. Immediately before co-founding Alpha Impact I was actually working at Crypto.com, where I led Institutional Sales in Singapore.

I have previously founded 3 companies and this includes 1 exit in my native Canada in my mid 20s. I’m excited to build new businesses!

My Co-Founder Austin has spent 15 years in banking technology, working as a Vice President where he designed trading systems for banks and hedge funds when he worked for JPMorgan and Macquarrie Bank.

Маry Satoshi CLUB: Great team with experience!

H H (Will never PM you for funds): When we taught ourselves how to trade crypto, we discovered that there is no transparent place to learn: people who say they are top traders on youtube, telegram or tradingview are often just good at building a following.

We found a few top traders who fortunately taught us the ways of trading crypto, and we want to help everyone discover a top trading strategy that is perfect for them. Everyone is different!

We also saw that a number of crypto platforms ask users to trust them by sending their funds, so we thought of non-custodial social trading: customers get to copy a top trader and also keep funds in their own account.

H H (Will never PM you for funds): No one ever sends money to us 🙂

Gold Rocket | Satoshi Club: Great background! And I, as always, want to know one thing:  Tell us about your team please.😊 Who is on the project team core?

H H (Will never PM you for funds): Awesome, let me find the links. I’ll share our linkedin

Gold Rocket | Satoshi Club: Take your time please😊

H H (Will never PM you for funds): Here’s my and my co-founder Austin’s LinkedIn:

https://sg.linkedin.com/in/hayden-hughes-499718a

https://sg.linkedin.com/in/austinchaird

H H (Will never PM you for funds): Now I’ll find the team slide, hold on

Маry Satoshi CLUB: Thank you!

Gold Rocket | Satoshi Club: Thanks! this is a great public team👍

Маry Satoshi CLUB: And after this awesome intro we are really excited to see your answers to the questions from our community 😉 Are you ready for them?

H H (Will never PM you for funds): Sorry my internet just turned off. My wifi is reconnecting from my computer. Yes go ahead! I’m ready to answer

Q1 from Telegram User @NataliyaKil

You have completed 3 Funding Rounds: one on January 25th and two others on May 6th. Do you currently have 5 investors: Solidity Ventures, SMO Capital, LuneX Ventures, Genesis Block Ventures (GBV) and Antler? Can you tell us how much funds were raised for each round, did all investors take part in them? Do you plan to attract new investors in the future and who?

H H (Will never PM you for funds): In addition to this team we’ve got 2 new team members joining our marketing team later this week, and 4 other developers not shown here. ^

Маry Satoshi CLUB: You’re growing fast!

H H (Will never PM you for funds): Great question! We’ve actually just had two funding rounds: our equity VC round and our private sale.

And I’m excited to announce that in our IDO will be held on June 3rd! To find out the details about our Whitelisting process as well as our WHITELIST LOTTERY, please check out our telegram channel! https://t.me/alphaimpact_fi

Маry Satoshi CLUB: For sure! But i also hope you will share this info with Satoshi Club 😉

Маry Satoshi CLUB: Btw, were your funding rounds successful? How much you collected?

H H (Will never PM you for funds): Well I’d love to come back later in the week and host a video AMA where I give the whitelist lottery details to the community. We’re effectively running a competition with a number of tasks, including a meme competition! We raised $3.1M USD in our private sale

Маry Satoshi CLUB: Wow! Nice numbers! Congratulations 👏

H H (Will never PM you for funds): Can’t wait for the IDO. We’re democratizing our raise to allow new investors to join. Good for next question!

Маry Satoshi CLUB: And that is nice, we need more chances!

Q2 from Telegram User @yellowchamp

 In your website,it is stated that traders on your platform have to share data – and lots of it. You see the trader’s real identity and track record, which comes directly from their exchange account. So,why is there a need of sharing the trader’s real identity and track record in your platform? So in this connection,you will have an access for the account of all the traders in Alpha Impact? Is this really safe for trader’s account and identity? Thank you

H H (Will never PM you for funds): Great Question @yellowchamp. In order to conduct compliance checks and ensure that traders are not associated with illicit funds, we’ll require KYC for the top traders. However we do allow traders to participate anonymously to customers. This means that while the platform and our compliance team will see the trader’s details, customers on the platform. For example, you can enter a fake name like CryptoJimmy29, etc.

The reason the traders need to share their trading data with our platform is to ensure that our customers are following a trader who knows what they are doing. Our system is transparent, so our customers can always know that their top trader is TRULY a top trader.

As a Singapore company we’re under quite strict regulations with storing privacy data, so this will only be shared with our compliance team. We never share it with any third parties.

Gold Rocket | Satoshi Club: Thank you very much for your answers!

Маry Satoshi CLUB: So, no way to trade on your platform without KYC?

H H (Will never PM you for funds): Customers do not require to KYC. Are not required* to KYC. Only top traders. Because we are not an exchange, we are not required to KYC participants since we are just a tech provider. But we’ll KYC top traders. For the protection of our customers.

Маry Satoshi CLUB: Oh, that’s nice! As i know not all traders like to pass it😉

H H (Will never PM you for funds): Terrorists and North Korean traders need not apply

😛

South Koreans welcome though!!

Маry Satoshi CLUB: I see😉 Thank you for your answers! Do you want to add something or we can go to the next question?😀

H H (Will never PM you for funds): Go ahead 🙂

Q3 from Telegram user @Josegamboac

We can define Alphaimpact as a “platform that educates investors in cryptocurrencies for the first time”. Does Alphaimpact have any mechanisms for teaching courses, videos, etc. in cryptocurrencies?

H H (Will never PM you for funds): Great question! Yes!

We’re actually building this platform for the 85% of people who are not already in crypto. We imagine ourselves as a social media platform that has trading functionality. Traders will be heavily incentivized with our token to produce engaging content which means that they will share not only their trading, but also the REASON and STRATEGY behind each trade. Second, we’re building our academy which will reward traders with cryptocurrency for participating tasks to learn about crypto. You’ll have the chance to learn about crypto while being rewarded! Third, we’re building out a ‘funny money’ functionality where novice traders can trade a fake portfolio before moving on to the real thing.

Feel free to join us on our telegram to learn more 🙂

Маry Satoshi CLUB: When we will can enjoy this? I mean when your platform will go fully live?

H H (Will never PM you for funds): Signals mining is launching in June. Just after IDO, maybe 2 weeks later. We’re also launching yield farming that month

Маry Satoshi CLUB: Wow! So, June promises to be hot🔥 Thank you for your answers! Do you want to add something or we can go to the next question?😉

H H (Will never PM you for funds): Next:)

Q4 from Telegram user @Jonahapagu

You recently announced announced an upcoming competition where Traders can compete against mining in June called “signal mining” can you give details about this signal mining competition, how will it work , how will users participate in it, and how will users benefit from the programme

H H (Will never PM you for funds): Signals mining is a trading competition that is 100% free for all traders to join! It’s primarily focused on top traders who want to compete against others, but don’t worry! This is designed for three types of traders: little traders (shrimps), medium sized traders (lobster) and whales! In the Signals Mining program, traders will be prompted to enter their read only API key and compete against traders with similar amounts of capital. There is no minimum, and anyone with $1 or more in their exchange account can join.

We will be hosting three ten day competitions where the prize pool increases with the number of entries. There will be up to $100,000 USDT in total across the 30 day period!

H H (Will never PM you for funds): This is a great question @jonah

These don’t sound like bot questions at all. Shout out to Satoshi Club for having real humans in their channel!

next

Маry Satoshi CLUB: Sure! We always choose the best for our guests 😊

@GoldRocket27 shoot it 🚀

Q5 from Telegram user @xperia3

Hack attacks are hitting many projects lately. Alpha Impact’s technology plugs in to users exchange account. How safe is this? Are there any risk for the users who connects their exchange account to Alpha Impact?

H H (Will never PM you for funds): Great question!

Great question. And I am really grateful for this one. My co-founder Austin Chaird spent 15 years designing trading systems for $1B hedge funds while working at some of the largest banks in the world: JP Morgan and Macquarrie bank in Australia. With his 15 years designing trading systems for these large financial institution he has deep expertise creating applications that have bank grade security. We’ve also onboarded Adrian Chung, a 20 year cybersecurity advisor from the insurance industry, to add robustness to our risk system.

The first step for us is that we cannot expose our users to any harm. As the business person on the team I am very eager to release the product quickly, but our tech team is busy testing the sh*t out of every single function on the platform to anticipate various attack vectors.

We are however very excited to announce that because we are non custodial, your funds can never get hacked from our platform. This was a deliberate choice we made and we gain customer’s permission to trade, but we’re never able to withdraw funds. So we can’t touch your money.

Маry Satoshi CLUB: As understand on your IDO you will sell your token, right?🤣

H H (Will never PM you for funds): Yep, that’s right. The IDO will give the community the ability to participate and invest in our community.

Маry Satoshi CLUB: Did you make it’s smart contract audit? Btw, what will be it’s ticker?

H H (Will never PM you for funds): IMPACT!

Or I guess as we call it here, $IMPACT

Next question whenever ready!

Q6 from Telegram user @cryptofollower

Could you please explain what kind of technology are you using for trading with our tokens without sending funds to your system or platform? Is it done with API keys? If yes, which centralized exchanges do you support for their API’s? Also when creating the API what kind of API permissions does your system need?

H H (Will never PM you for funds): Oh sorry – we haven’t done the audit yet. Great question! So for newcomers it goes like this, users give us a trade-only API key. This gives us permission to trade, but not withdraw, funds from an account. So you’re giving us permission to trade. The initial exchanges we are planning to go to market with are FTX and Binance, although we are excited by Bitfinex’s trading competition and Kucoin’s liquidity. We really like Kucoin for the Asian market coverage.

We take a standard trade-only API key meaning that customers give us the API key and the secret. Traders give us a read-only API key so we can see their portfolio movements in real time so we can allow our customers to follow the top trader right away!

I wanted to make very clear that we *NEVER* get the ability to touch user funds.

Маry Satoshi CLUB: But, sometimes even trade only APIs hacks can lead to loses. Do you remember SYS or VIA?

H H (Will never PM you for funds): Yep we are conscious of this and we are designing the architecture with these situations in mind. Sorry, no I do not. I’m not sure if those companies had former banking executives building their technology?

Маry Satoshi CLUB: 1 Sys cost was 96 btc. It were binance api hacks. They just sold at incredible high prices

H H (Will never PM you for funds): Gotcha. I remember reading about this now. Well if Binance itself can be hacked, as happened in May 2019, I think the best approach is to anticipate these risk and plan for them.

Our tech team is incredibly robust and I wanted to give a big shout out to my co-founder, Austin Chaird, and QW from the Dev team. They’re in the office right now working very hard.

Gold Rocket | Satoshi Club: Тhank you very much for your great answers in the first part! Ready for the most exciting part of our AMA – live questions?

H H (Will never PM you for funds): Yes!

Part 2 — live questions from the Telegram community

Q1 from Telegram User @doithay1617

Hello @H7944811

Does Apha Impact currently have any contests for members?

H H (Will never PM you for funds):

Yes absolutely! We are currently running two competitions – a YouTube competition and a WHITELIST LOTTERY competition so you can win a spot on our whitelist! Find out more on https://t.me/alphaimpact_fi

Q2 from Telegram User @highpee

Users will be allowed to COPY TRADING PATTERN of expert traders. How do you determine and measure trading expertise on your social trading platform? Will there be any RATINGS or EXPERT leaderboard that will rank them based on their expertise and trading success so as to be able to easily identify the good ones? How many traders can a user copy and do the use of this service require fees payment to trader?

H H (Will never PM you for funds):

Great question. We have a leaderboard of top traders but one thing we want to make very clear is that we cater to all trader types. Investors will be able to choose different leaderboards : highest performance, most consistent performance, lowest drawdown, highest sharpe ratio and more!

Users who stake the bottom tier or no tokens may follow 1 trader while users who stake higher tiers of tokens may stake up to 8 traders.

Q3 from Telegram User @Wong2008

You montion that your platform only deals with highly traded tokens…do you mean only tokens with high trading volum or something else?

H H (Will never PM you for funds):

Highly traded. $25M in daily volume. We also have some other ratios we use to weed out bad traders and ensure they are not incentivizing unnecessary trades, such as the trading volume to average trader volume ratio, volume to ROI ratio, and more!

Q4 from Telegram User @PyaraLarka

When IDO? and how i can participate in $IMPACT IDO?

H H (Will never PM you for funds):

The IDO is happening on June 3rd! We’re announcing whitelist details THIS WEEK on our telegram channel!

Crypto Social Trading

Democratizing Crypto Investing Knowledge

When moon? IDO June 3rd! Stay tuned to our Telegram to find out more details

Q5 from Telegram User @atillayeni

The signal groups are pumping and dumping tokens and everytime I try I loose money with them. What’s the difference of your signal system?

H H (Will never PM you for funds):

We don’t sell signals. We give you many different traders and you decide which trader to follow based on that trader’s real portfolio and their real trades.

Those signal groups are just pump and dumps. Total rubbish. This is human driven and only for top tokens.

Q6 from Telegram User @NataliyaKil

“Find a strategy for you: high risk high reward, or low risk stable reward”!  So can you talk about these strategies and risks to consider and give us a couple of examples?

H H (Will never PM you for funds):

Sure. The high risk strategy is one I am in the process of executing. Buying up tokens that have dropped 40% or more over the past week, like ADA and LUNA.

The low risk strategy would be one I haven’t done yet, but one my friends are doing: the basis trade. Long the spot and short the perp futures, this trade returns around 40-100% per year and is market neutral meaning if the price goes up or down your performance is not affected

Q7 from Telegram User @kimterbear

You mentioned about the whitelist lottery earlier. Since it is a lottery, how will you establish honesty and transparency in the draw of this?

H H (Will never PM you for funds):

Great question! Super.

We’re announcing the details of our Whitelist Lottery this week. Head over to our Telegram to find out more!

Q8 from Telegram User @JoanaZ

➡️Alpha Impact it’s a very well developed platform, but just for curiousity, have you considered create your own native app to Mobile devices?

H H (Will never PM you for funds):

We’re excited to build this as a web app first, but I can assure you we are exploring building an app 🙂

Q9 from Telegram User @Gutike95

Users should connect Alpha Impact with their exchange platforms of their choice, right? If so, my question is the following, are all Cex exchangers compatible with Alpha Impact? If not, could you tell us with which platforms if it will be available? And also, do you plan to expand with Dex exchangers in the near future?

H H (Will never PM you for funds):

Yep so for starters we’re focused on CEX exchanges: Binance, FTX, Bitfinex, Kucoin

After that we are building smart contracts to let you do On chain social trading for a fixed period of time, in a pooled investment, so you can follow a top trader with others and save on gas fees!

Q10 from Telegram User @Rod092317

Can you help users interested in this project by sharing all the useful links to stay updated about this project.        ?

H H (Will never PM you for funds):

Alpha Impact socials:

Website: http://alphaimpact.fi/

Twitter: https://www.twitter.com/alphaimpact_fi

Official Telegram: https://t.me/alphaimpact_fi

Vietnamese Telegram: https://t.me/alphaimpact_fi_VN

Vietnamese ANN Telegram: https://t.me/alphaimpact_fi_VN_ANN

ANN Telegram: https://t.me/alphaimpact_fi_ANN

Indian Telegram: https://t.me/alphaimpact_india

Medium: https://alphaimpact.medium.com/

WP: https://docsend.com/view/p4gnc5tzci4maegr

alphaimpact.fi

Crypto Social Trading

Democratizing Crypto Investing Knowledge

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Alpha Impact. They’ve prepared 4 questions for this part. The total reward pool for 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:

PART 1. Introduction of FARALAND project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about PLAY to EARN project.

FARALAND is a multiplayer RPG NFT GAME that lets players own a thousand of unique NFT warriors and equip them with hundreds of unique weapons, armors and pets.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Gold Rocket | Satoshi Club – @GoldRocket27

Andrés M. | Satoshi Club – @AndresM77

The Representative of the project:

Alfred Alfie – @alfred_alfie – Alfred (Hung Nguyen) – CEO & CTO of Faraland.

Introduction of Faraland s project.

Gold rocket | satoshi club:

Hello, dear community! We are pleased to announce our ama with Faraland 💎⚔️

Andrés m. | satoshi club:

Our honorable guest is @alfred_alfie, welcome to satoshi club

Alfred alfie:

Hello everyone, my name is Alfred (Hung Nguyen) – CEO & CTO of Faraland.

I’m an innovative senior software engineer with more than 10 years of experience, then CTO with more than 4 years of experience managing all aspects of the development process for small to medium-sized companies.

Gold rocket | satoshi club:

Hello and welcome to satoshi club, @alfred_alfie!. Great background 👍 what is the essence of Faraland?

Alfred alfie:

Thank you.

Faraland is within the genre of turn-based strategy and RPG. In-game, you can use your NFTS as heroes and compete with other players by learning powerful skills, collecting rare equipment, recruiting troops, moving around the map, capturing resources, and joining battles. All heroes have mutually exclusive attributes, and after each battle, they earn the experience, such that veteran heroes are significantly more powerful than inexperienced ones.

You can reinvest in the game, make your hero stronger, or cash out. That’s what we call “play to earn”.

Gold rocket | satoshi club:

It’s very in the spirit of the times! 👌

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

Andrés m. | satoshi club:

Great project, as a gamer I’m highly interested

Alfred alfie:

Our state of development: the first 4 phases according to our roadmap have been completed at sc level and currently waiting for the full audit report from Certik. For other parts, we are in testing phase for NFT summon gate and marketplace, it’s expected to launch in the next 2 weeks. The game is developed since feb and it’s still on the right track.

Andrés m. | satoshi club:

Great step, congratulations👏

Gold rocket | satoshi club:

Agree! This scale of the game and the ability to make money by playing captivates

Thank you very much for sharing. And also I  really like your graphics. I  already want to test this 😁

Alfred alfie:

I can share with you some of our artworks right now. Is it cool? Haha

Gold rocket | satoshi club:

Amazing👏👏👏

Andrés m. | satoshi club:

Amazing, it brings me back to world of warcraft

Alfred alfie:

Yeah, Faraland was inspired by wow

Gold rocket | satoshi club:

One more standard question and we can proceed to community questions. If you do not mind😉

Andrés m. | satoshi club:

The best MMO ever

Gold rocket | satoshi club:

We would like to know about your team. Who is on the project team?

Alfred alfie:

Here’s our core team member profile:

1. Alfred alfie (Hung Nguyen) – CEO – CTO moon knight labs

– more than 10 years in software engineering.

– CTO of felizz.

– CTO of merctrans

– 5 years experience in DAPPs and blockchain.

2. Kelvin (tung phan) – lead product strategy

– multimedia artist with 10 years of experience in creative products.

– first prize in “Chat Hanoi” competition.

– VTV Autodesk flame artist.

3. Vianz (Nguyen ha Viet Anh) – creative director

– vingroup lead designer.

– artist partner of Garena Singapore, Thailand.

4. Artwood Elvis

– blockchain master. Former smart contract engineer working in one of the biggest companies in the blockchain space.

– frontend UI/UX expert with more than 10 years of experience.

5. Nautilus – lead engineer

– an enthusiastic and conscientious blockchain developer.

– have more than 7 years of experience in full-stack development.

6. Bryan Gardner – project manager

– 10 years of experience in functional performance, security, and blockchain QA in many fields.

– having enthusiasm with pixel games, movies

That’s our core member’s profile

And currently, we’re having 14 members

Gold rocket | satoshi club:

Wow! You have collected the best guys with a lot of experience👍 This is very important for the success of such a large-scale and ambitious project. Well! We’ve collected a few questions from the community. Are you ready to answer them? 😊

Alfred alfie:

Yeah sure. I’m eager to answer them.

Preselected questions about the Faraland DeFi project.

Andrés m. | satoshi club:

Q1 from telegram user @johana0012

Faraland is said to be the biggest war game that can exist on the blockchain. How do you apply the use of NFT in the game of Faraland? What qualities must the player have to make use of the NFTS? Are the armor and pets of each warrior unique or are there similar throughout the game platform? What are the characteristics of the game? How many levels does the game bring?

Alfred alfie:

As I mention before, Faraland is an RPG game. NFT is the soul of this project. If you are lucky, you can open a rare clan and earn a lot from your investment. It’s different from other NFT projects where NFT is used only for collection purposes. In Faraland, owning NFT also helps you attend gaming activities later, which will help you earn more fara tokens.

Each NFT has various of stats, like agi, str, int, luck and the most important part is all of them are unique. So in game, your characters/skills/equipments will be unique as well.

In the first stage, we will allow 50 levels only and will unlock the level limit in the future.

Gold rocket | satoshi club:

I saw in your roadmap sale of нero NFT in May 2021. Has it already started?

Alfred alfie:

Not yet because we’re still waiting for audit reports from Certik. We will launch in 25th May.

Gold rocket | satoshi club:

I see that you are in no hurry. And for me, this is a kind of quality mark. A sign that the project is set for a long and successful existence!

Thank you very much for your answers and clarifications. Ready for the next question?

Alfred alfie:

Yeah, I’m ready

Gold rocket | satoshi club:

Q2 from telegram user @cryptofollower

I checked your gameplay page and first of all, congratulations on creating a big game like this on the blockchain. Multiplayer gaming is very hard to develop, and it needs really low latency and high speed. So what do you do in order to reach that speed? The block times on BSC  won’t be enough for it. How much of the Faraland is decentralized and which parts are centralized?

Alfred alfie:

That’s a good question. Our game is mixing between on-chain (blockchain part) and off-chain (normal client-server).

We store all of NFT heroes, equipment, pet, etc. In the blockchain, so whenever players duel with other competitors, the data should be fetched from our smart contract to our server, and the rest will be calculated on our server-side like damage, effect, etc.

And for your information, we plan to become the first multichain RPG game as well. It could be ETH (Matic erc20 is becoming faster, cheaper), Polkadot, Solana.

Gold rocket | satoshi club:

I confess that you have found a rather original solution.😊👍 Thank you very much for your answer! Do you want to add Something or we can proceed to the next question?

Alfred alfie:

Yeah, please go to the next question

Gold rocket | satoshi club:

Q3 from telegram user @yellowchamp

As a multiplayer RPG NFT game that lets players own a thousand unique NFT warriors and equip them with hundreds of unique weapons, armors, and pets. So basically, what is the use of this unique NFT warrior in Faraland network? Since it is unique, can we also trade or sell those NFT in a certain NFT marketplace? As Faraland is integrating binance smart chain,do you also plan to integrate in the upcoming NFT marketplace of binance that will be live this coming june 2021? Thank you

Alfred alfie:

All of us know that NFT will be used for gaming purposes later. At first, it was for collection, trading. Users can stake fara to earn exp, find strong equipment, skill books to make NFTS stronger and prepare for the big game in later of 2021. Of course, you can trade those NFTS. We have our own marketplace with lower fees compared to others. Trade NFT hero in our marketplace also increasing hero floor price.

Upcoming binance NFT marketplace is also nice, we might integrate with them when it launch on Jun 2021

Gold rocket | satoshi club:

I also saw that you are planning a version for android and IOs. Tell us a little more about this, please.

Andrés m. | satoshi club:

Could you please share more designs?

Alfred alfie:

Sure, most of the game right now cannot publish to Appstore/google play, but we will try our best to bring our app to the store officially

Andrés m. | satoshi club:

Btw, who is the designer?

Alfred alfie:

Our creative director, vianz (Nguyen Ha Viet Anh)

Gold rocket | satoshi club:

Give him our admiration for his work👏👏

Personally, i’m really looking forward to this moment😁 Thanks a lot for the answers! Ready for the next question?

Alfred alfie:

Yes, please. I’m having a lot of interesting questions today.

Andrés m. | satoshi club:

He is doing a fantastic job

Alfred alfie:

Thank you

Gold rocket | satoshi club:

Q4 from telegram user @highpee

Faraland is an RPG strategy genre gaming platform which will operate similarly to traditional/online game such as final fantasy combat system, world of with craft, horizon zero etc. But these games are a bit expensive to play as users will have to regularly spend coins on upgrade and in-game enhancement in order to proceed to the next level. How easy or simplified is Faraland RPG game and how can your play-to-earn mechanism be achieved with less monetary demand? What type of audience will your games suit more (crypto or non-crypto gamers)? In what ways do being blockchain oriented make Faraland gaming better than traditional RPGs?

Alfred alfie:

Do you know Pokemon? Our combat system is learning a lot from the Pokemon series btw so the game difficulty will be quite similar. In Pokemon, a level 1 rattata can defeat a legendary Pokemon using the fear strategy, so money is not always the answer for a win. Our target is both cryptos, and non-crypto players who can participate in our game. Playing to earn mechanism make Faraland far better than traditional RPGs. Later, we will release a world map, and players can conquer land, take the mine to generate a resource. Users can use resources in-game or trade for fara.

Gold rocket | satoshi club:

Yes, this is really very good, can be improved without making a donation. By the way, share with us tokenomics

Alfred alfie:

Sure

I think this image will be the best described for our token metrics

Gold rocket | satoshi club:

Yes, thanks a lot! This is a great infographic. Everything is clear to me! I propose to move on to the next question🚀

Alfred alfie:

Yes, please.

Andrés m. | satoshi club:

Q5 from telegram user @josegamboac

$ 2.4m raised in Faraland’s fundraising rounds thanks to its strategic partners, backers, and its strategic communities. What do you think this success is due to? Why does an investor choose to invest in Faraland’s?

Alfred alfie:

Some of our investors grew up playing various RPG games and these games brought them immense joy during their childhood. With moon knight labs and our robust team of senior blockchain developers and visual artists, they are very confident that Faraland will be a success and bridge blockchain to traditional gaming apps. They look forward to the launch of Faraland as it serves to be a game-changer in revolutionizing the mobile game industry.

Gold rocket | satoshi club:

This is a truly unique game! And there is no doubt about your success. Please tell us a bit about your partnerships.

Andrés m. | satoshi club:

So, could you tell us about your current partnerships?

Alfred alfie:

We already partner with a lot of communities, VCS. The below picture will answer your question.

Andrés m. | satoshi club:

A really big group, congratulations

Alfred alfie:

Thank you

Gold rocket | satoshi club:

A lot of famous and influential names👍 These collaborations say a lot.

Gold rocket | satoshi club:

I propose to move on to the next question🚀

Alfred alfie:

Yeah please

Andrés m. | satoshi club:

Q6 from telegram user @kimterbear

Users are able to trend their hottest NFTS with other users and the value increases as you accumulate more wins in the battlefield. Is there a maximum price of NFT we can trade? How would the transaction between 2 users be carried out?

Alfred alfie:

Users can buy/sell heroes on our marketplace. This is the 2nd way to raise heroes’ floor price will be introduced in this phase: for each transaction made on our marketplace (buy/ sell heroes), we will use 2% of the transaction amount to increase the heroes floor price and 0.2% for development. Kindly note that opensea will get a 2.5% fee for each transaction

And of course, there is no limitation on the price of NFT

Gold rocket | satoshi club:

Yes, it is very profitable! 👍

Andrés m. | satoshi club:

Btw, will you have a staking problem or Something similar?

Alfred alfie:

No, not the this moment.

Andrés m. | satoshi club:

Thanks for the clarification and thank you so much for your answers😃

Gold rocket | satoshi club:

Thanks for your great answers! Before the open chat, share please useful links with satoshi clubbers. @alfred_alfie

Alfred alfie:

Token metrics | Overview  | Whitepaper | Website| Twitter | Telegram

Andrés m. | satoshi club:

Let’s join Satoshiclubbers

Alfred alfie:

If you guys have any questions, feel free to ask me through our official channel. Would love to answer all of your questions.

Andrés m. | satoshi club:

Well, time to proceed with the live segment of the ama, time to interact with our community members😁

Gold rocket | satoshi club:

Now get ready for the most impressive part of our ama! Live questions!

PART 2.Questions about the FARALAND 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 Faraland 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 @Indomiekuy

Faraland is a Multiplayer RPG NFT Game and i read that Faraland will doing an airdrop event for their community, could you explain about your airdrop, how user can join in your airdrop and what is the reward for that incoming airdrop?

Alfred Alfie:

Our team is discussing this and most likely the owner of NFTs will have the airdrop first.

Q – 2 from a telegram user @NataliyaKil

Now somewhere we can look at the elements of the game: guilds, weapons and their characteristics, the main characters and their pets, landscapes? Is there a table with equipment characteristics and ways to improve it? 

Alfred Alfie:

Not at this moment, we will public that information after launch on 25th May

Q – 3 from a telegram user @atillayeni

I couldn’t find your audit report where can I find it? Is audit done?

Alfred Alfie:

You can find it from here: https://www.certik.org/projects/faraland

Q – 4 from a telegram user @smelekin

You told us you have a feature named play to earn how is it working? How can I earn with your game?

Alfred Alfie:

In game, we will have Gold which can be converted to Fara through our website. So we’re targeting not only the crypto user but also normal gamers.
– With normal user, they can have gold from just watching ads only, then use it to increase their heroes’ exp, purchasing items, upgrade equipment, etc.
– With Crypto users, in addition to those activities above, they can earn gold from winning a battle

Q – 5 from a telegram user @christpopappy

What are you focusing on right now? Who’s is your target audience?

Alfred Alfie:

We’re targeting both crypto users and normal gamers, who are game enthusiasts

Q – 6 from a telegram user @boradam

When can I play Faraland game and are you building mobile or pc version of the game?

Alfred Alfie:

We will publish the web, android, ios version.

Q – 7 from a telegram user @Xusuo

How do we possible to get your NFT? Will you sell a pack or other item promotion for your game?

Alfred Alfie:

That’s a good idea until now we don’t have packs but I will consider this idea

Q – 8 from a telegram user @Robotliker1

How do i get your tokens for buy? any listings done on any exchange?

Alfred Alfie:

We’re not launching yet, so you cannot find our token. We will announce it soon through the official channel.

Q – 9 from a telegram user deleted user

Copied question

Alfred Alfie:

Last but not least, Faraland vision is becoming the biggest war game on Blockchain and Binance Smart Chain. We target Faraland as not just an NFT; it will be a mobile game connecting a none Blockchain player (like a regular mobile game) and a Blockchain player and investor. Faraland will be the first Blockchain Game published to Appstore and Google Play legally. It will be a long road to achieve that goal. But we already have a plan and technical solution for that. All we have to do is stick to plan and believe in our vision.

Q -10 from a telegram user @nitrogenpower

You told us you will allow 50 levels in the game so what happens after reaching the 50 levels?

Alfred Alfie:

Don’t worry, we will release the limitation before you reach the maximum levels.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the FARALAND 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: FARALAND

Telegram group | Whitepaper | Website | Twitter 

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from MoonEdge, the first decentralized Launchpad fully dedicated to project launches on Polygon. The AMA took place on May 21 and our guest was MoonPillar, Co-Founder and CEO of MoonEdge

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Gold Rocket | Satoshi Club: Hello, dear community! We are pleased to announce our next AMA with MoonEdge. Today our guest is @MoonPillar!

MoonPillar: Hey! Thank you very much for having us, you are a wonderful community!

Andrés M. | Satoshi Club: How are you?

MoonPillar: Doing great! We are working hard to bring the Launchpad that Polygon deserves!

Gold Rocket | Satoshi Club: Please, let’s start with a little intro! tell us about yourself. How did you develop in crypto? how did you get into MoonEdge?

MoonPillar: Sure! I’m a Co-Founder and CEO of MoonEdge. I went through a strange but interesting journey: I’m a graduate student in mechanical engineering with a particular interest for computer science.  I am completing my master’s degree on the use of artificial intelligence for prosthetic control in robotics. I also co-founded a startup that offers cloud-based restaurant management solutions with artificial intelligence for sales forecasting that leverages big data. 

I learnt about bitcoin back in 2013 and bought some back then, more out of curiosity than as an investment. Then, my love of cutting-edge technology made me discover Ethereum back in 2015 and since then, I have been heavily invested into crypto (mostly in projects on Ethereum or working close to this ecosystem). 

The idea of MoonEdge came first when we saw the rug-pulls problem on BSC and wanted to avoid this kind of scams on Polygon. We then pushed further the idea to come with a way to bring a fair Launchpad to Polygon at the same time, with a low entry barrier, so even smaller investors can participate in any IDO. We are also working on further incentivation mechanisms and will always continue to refine our system to stay competitive and adapted to the ecosystem.

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

MoonPillar: MoonEdge is the first decentralized Launchpad fully dedicated to project launches on Polygon (previously Matic). Our mission is to offer easier token distribution, to facilitate fundraising for new projects, and to guarantee project legitimacy on our platform. 

We have been developing and refining our platform for the last 3 months. We also went through a long fundraising process to assure that we find the best partners for the long-term development of MoonEdge! We plan to be in constant evolution to adapt to the crypto ecosystem. We are also working hard to bring more projects to Polygon, and working closely with the Polygon team to do so. Shout-out to the Polygon’s team by the way! Amazing team totally devoted to their project and community.

Gold Rocket | Satoshi Club: BTW…  We also would like to know about your team. Who is on the project team core?

MoonPillar: The MoonEdge team consists of 5 crypto veterans as well as two great advisors that helped masterfully with the development and marketing of the project. We will present these advisors in the upcoming weeks at the same time as a partners and strategic investors reveal. 

A little bit more about the team… we have one CEO (your humble servant) who also know how to code😉, two experienced backend developers, a full stack developer that can literally do magic and an awesome graphic designer solo team.

Q1 from Telegram user @doithay1617

MoonEdge is the first decentralized launch pad fully dedicated to IDO on Polygon. What was the idea that made MoonEdge choose Polygon over other platforms like: Ethereum, BSC…? Can you give us some more information about IDO on MoonEdge? Is KYC required or any requirements?

 MoonPillar: We all know the Ethereum pitfalls: fees skyrocket as well as the transaction times. But at the same time, Ethereum is the most decentralized and vibrant crypto ecosystem. This is why we looked for a protocol that work closely to Ethereum: a protocol that keeps a high level of decentralization and security, but that is more than a plain layer 2 scaling solution.

Why did we choose Polygon? it has all the necessary elements to be the key Ethereum scaling solution leader:

-A growing developer community

-A production-ready and easy-to-use platform

-Already a lot of great projects are migrating from layer 1 (Ethereum) to Polygon

-A high level of decentralization and high security

– The lowest gas cost and near-instant transactions

The IDO on MoonEdge will initially be a two rounds system. In the first round, each MoonEdge participant has a guaranteed allocation (based on tier) during a pre-determined timeframe. In the second round, unsold tokens are reallocated based on our tier-system and are sold on FCFS (first-come, first-served) basis. Only the people that participated in the first round can take part in the second round.  We are also exploring other mechanisms to get a sustainable model for the mid- to long-term. We won’t reveal them for now since there are a lot of copycats around! 👀 

And yes, KYC will be required because of the heavy regulations on launchpads and IDOs. We know it is not perfect, but we must do it since the platform isn’t totally decentralized at launch (not a full DAO). A project launching a platform like MoonEdge needs to take the legal side seriously or face a lot of legality issues otherwise!

Here is the MoonEdge’s announcement channel: https://t.me/moonedgeANN

Q2 from Telegram user @johana0012

Finally, the MoonEdge team is dedicated to providing the best experience for all investors seeking high-yield opportunities.  Matic is positioning itself as a pioneer in scaling solutions for Ethereum and that more and more projects will want to launch on Matic due to cost and speed.  Is MoonEdge the first decentralized launch pad fully dedicated to project launching on Matic (now Polygon)?  What is the purpose of MoonEdge?  What characteristics do they meet to achieve a simpler token distribution?  Are your plans to facilitate fundraising for new projects and ensure the legitimacy of the project on the MoonEdge platform?

MoonPillar: We are the first decentralized launch pad fully dedicated to projects launching on Polygon and we perform a full due diligence before hosting any project on MoonEdge. We have been building the Launchpad in the last 3 months and have not launched yet because we want to be 100% ready and offer the best experience possible to our community!

Most of the current launchpads are based on a lottery system to decide who can participate in IDOs. This leaves room for bots to abuse the system and hog a large portion of allocations.

There are also totally decentralized launchpads, where anyone can launch any projects they can imagine. Even if there are some securities to avoid complete rug-pulls, no one is reviewing projects before hosting them on these fully decentralized launchpads. Thus, nobody is carefully assessing the project’s quality, the teams experience, the development stage, etc.

MoonEdge uses a strict selection process to determine projects eligibility for launch, ensuring that only top-tier projects are brought to our community, minimizing the risks of scams and/or rug-pulls. With the two rounds system, we offer a fair and easy way for project to distribute their tokens to a wide community whilst also helping them do their fundraising to support even further their development.

Andrés M. | Satoshi Club: What is the most important item for projects to be eligible?

MoonPillar: The team is a great factor as well as the development stage of the project.

Q3 from Telegram user @Giniwhite

About MoonEdge reward mechanisms. How does this mechanism work? what are the innovations of this system? How do you guarantee to keep users in the long term being in such a competitive field?

MoonPillar: MoonEdge will firstly release a tiered-system composed of 4 tiers (the first one will be designed to have a very low entry barrier, to give everyone a chance to participate in IDOs).

We will have a special tier for our community supporters. This pool will serve the purpose to reward MoonEdge supporters for more than the number of tokens that they hold. It will be released a little bit after the launch to reflect our core values of complete fairness and open inclusion; no matter the portfolio size, everyone is welcomed!

Other incentive mechanisms are to be added after the launch to reward our long-term supporter. We did a lot of research to come up with our best reward system. After the few tests left, they will be ready to be released!  We will also use the data generated by each IDO to fine-tune the Launchpad and thus, improve not only the user experience but mostly the    MoonEdge’s architecture.

Gold Rocket | Satoshi Club: Please tell us, could you share your roadmap?

MoonPillar: In Q2, on launch day, the Launchpad will be fully ready to launch projects. We will then release incentive mechanisms to reward our community and support MoonEdge further. The partnership development will continue on. Exploration of a NFT Launchpad is also something for which interest was sparked by one of our experienced partners in the domain (to be revealed soon). Moving to Q3, we will gradually implement our governance system, starting with community voting. Refinement of our tiered-systems and the addition of new mechanisms to assure long-term support of projects and MoonEdge will come next. In Q4, MoonEdge will migrate toward a full DAO.

A lot of other features and refinement will also be added along the road, so this is only a quick summary!

Q4 from Telegram User @yellowchamp

MoonEdge is creating a fair system that allows investors with any capital size to have a guaranteed allocation in every IDO. No exceptions. There will also be no unfair mechanics, such as a lottery, that advantages bots. We believe that a fair launch pad platform is key to greater project adoption. So, can you tell us exactly how will MoonEdge works for a fairer system? What would be the mechanics and structure of this fair system that your platform is cooking to offer to IDO investors? Do you consider a small whale or investors for this fairer system? Thank you

MoonPillar: Like said previously, we will use a two round system where everyone has a guaranteed allocation based on the fair-tiered system. This way, there will also be no unfair mechanics, such as a lottery, that advantages bots. 

Smaller investors were considered in the loop since the beginning and the tiers were designed as such. The choice of building on Polygon was also partially due to the fact that transactions are super cheap, so no one is priced out from participating in IDO. It makes no sense to spend $150 of gas for a $100 allocation in a given IDO.

Our system will also stay in constant evolution. We believe in dynamic systems that can adapt to the ecosystem. This is why we will use the post-IDO data and feedback from our community to improve MoonEdge. We are also working on the integration of more features, one being the implementation of a NFT Launchpad.

Q5 from Telegram User @andrey_seleznov

The name MoonEdge invites thoughts of meme tokens and meme launchpads that are quite popular now on BSC and other chains. What projects do you plan to launch on your pad, will you concentrate on any particular segment of the market like meme tokens? Or will you have a mix of different projects that are not fitting into one theme. Thank you.

MoonPillar: We didn’t choose the name of MoonEdge to be associated with meme tokens, even though everything related to Moon can be seen as such😅

Polygon is all designed for gaming, NFT, social tokens and DeFi. We can see it with the kind of projects that build upon Polygon, but also the new ones that we heard about😏 However, we won’t restrict ourselves to only these types of project. If a project fits all our selection criteria and if our committee made of our partners agrees on hosting this particular project, it will be hosted on MoonEdge!

Andrés M. | Satoshi Club: How did you choose the name of the project?

MoonPillar: We did a long brainstorming and finally decided to go with this name (also after we saw the potential graphic design that could fit well with this name). We weren’t sure between MoonEdge and MoonEdger. What would you have chosen?

Andrés M. | Satoshi Club: MoonEdge was the best option, I like the concept so much.

Btw, could you tell us about your tokenomics? How is the token distribution?

MoonPillar: I think it will be easier to check the Litepaper that you can find on our website: https://moonedge.finance/. See pages 7 and 8.

Q6 from Telegram User @Pratze

I read that MoonEdge already finish doing Private Sale, can you tell us how is your Private Sale going on? Will you have another round for private sale or we must wait for your IDO/public sale?

MoonPillar: The seed and private rounds are now closed. We took the time to meet over 50 potential backers, over 100 individuals with diverse skills and experiences. We picked the ones that could bring the greatest help to MoonEdge for our long-term success! 

Thanks to our team efforts and our amazing partners, we were able to onboard 100+ influencers who believe and invested in our project. We picked influencers with a global presence, but also some that target specific geographical regions. With this approach, all news and innovations coming from MoonEdge will quickly propagate around the world! 

We are also establishing partnerships with other great projects to gain maximum experience and exposure. Finally, we aim to be totally transparent with our community and reward our loyal supporters, which are, as we believe, our strongest asset!

Gold Rocket | Satoshi Club: If you want you can share useful links with Satoshi Club before opening the chat.

MoonPillar: Thank you a lot for having us here! 😁

Join our community on our Telegram group: https://t.me/moonedge

Telegram Announcement channel: https://t.me/moonedgeANN

Follow our development and announcements on Twitter: https://twitter.com/moon3dge

Follow our Medium for more information about MoonEdge: moonedge.medium.com

Visit our Website: https://moonedge.finance/

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.

Q1 from Telegram User @meml97

MoonEdge is the first decentralized launch pad fully dedicated to IDO on Polygon, so, are there any requirements do you ask for in projects before they can make their IDO on your platform? If so, which ones will those requirements be?

MoonPillar: Step 1: Every project will need to submit an application form that can be found on our website. This step serves the purpose of capturing basic information about the project. This step is mandatory for every project. Projects that do not meet all the requirements will be rejected and welcomed to reapply once they meet all requirements.

Project name;

Project website;

One pager explaining the project;

Whitepaper or Litepaper;

Details about the project development phase and progression;

Tokenomics, including previous fundraising events

Links to all the social channels used (Telegram, Twitter, Discord, Medium, etc.);

Contact information.

Step2: All the information received during the first step will be analyzed by the MoonEdge team and project reviewers.

The following criteria will be used for this first evaluation:

• Project potential based on the project type, value proposition, project objectives, business plan and existing community;
• Technical difficulty and development stage (backend and frontend);
• Evaluation of the proposed Tokenomics: token model (token type, how will it be used, any governance associated with it, etc.), token distribution, token release schedule;
• Details about the previous fundraising if applicable.

Step 3: This step only starts after a project has passed the second step. The MoonEdge team and reviewers will then meet the teams. 

The due diligence will focus on the following points:

• The team members and their respective background;
• Their advisors, if applicable;
• Planned roadmap;
• Detailed view of their technical development;
• Questions about their Whitepaper or Litepaper.

Q2 from Telegram User @Denybela

Do we have to hold Matic tokens to convert them into MoonEdge tokens? or can we buy MoonEdge tokens directly with Eth or some other crypto?

MoonPillar: This hasn’t been decided yet. It will depend on the liquidity and the volatility of the paired asset with the MoonEdge token.

Q3 from Telegram User @Josegamboac

I think the next change in the IDO domain is for new projects to launch directly into Layer 2 solutions. MoonEdge believes Polygon will be that solution, even MoonEdge is the Launchpad of choice for blockchain projects launching on Polygon. But can you explain why you think that polygon is the solution?

MoonPillar: Polygon has all the necessary elements to be the key Ethereum scaling solution leader:

• -A growing developer community
• -A production-ready and easy-to-use platform
• -Already a lot of great projects are migrating from layer 1 (ETH) to Polygon
• -A high level of decentralization and high security
• The lowest gas cost and near-instant transactions

Plus, an awesome team that work hard for their ecosystem!

Q4 from Telegram User @ASHCHH_21

How do I get the MoonEdgeToken? What platforms can I currently buy them and what platforms do you plan listing on soon?

MoonPillar: The MoonEdge token isn’t listed soon. We will first host our own IDO on MoonEdge. Then we will list on Quickswap!

Q5 from Telegram User @arboledae

How can the community know that their fundraising platform is completely secure?

MoonPillar: We follow all the best practices like building upon OpenZeppelin smart contracts, testing each feature of smart contracts, testing in the production environment and getting all of our smart contracts audited.

Q6 from Telegram User @Ajpaa

Do you have ambassador program considering its importance to project growth or how can I be your ambassador?

MoonPillar: It is something that we are considering! We will also organize community contests and dev contest to push MoonEdge further (and reward our community at the same time)!

Q7 from Telegram User @K2ice

You said the IDO on MoonEdge will be in two rounds. If I miss the first round, can I participate in the second round?

MoonPillar: Only the ones that participated in the first round would be able to participate in the second round.

Q8 from Telegram User @testercoin

I didn’t see any NFT on your website don’t you like NFT’s why do you think about them?

MoonPillar: Yes, we like the use cases of NFT and are exploring right now the possibilities of launching NFT with one of our partners!

Q9 from Telegram User @messilolz

Do I need to pass kyc to join your Launchpad for a project IDO?

MoonPillar: Yes, it will be necessary.

Q10 from Telegram User @Velora08

I think with all the things that happened. Regarding a project launched with inexperienced team members, and some of which certainly didn’t go well due to a mistake that was easily avoided… Would you be like that, If not. So how do you go about this…?

MoonPillar: We work closely with our advisors and backers to assure the success of MoonEdge. We won’t launch before everything has been 100% testes and is fully ready to deploy. The same strict process will be applied for every project that we host on MoonEdge!

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PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about MoonEdge. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

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
• Website: https://esatoshi.club/
• Twitter: https://twitter.com/esatoshiclub 

Our Partners:

• Telegram group: https://t.me/moonedge
• Telegram Announcement channel: https://t.me/moonedgeANN
• Twitter: https://twitter.com/moon3dge
• Medium: moonedge.medium.com
• Website: https://moonedge.finance/

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 Bull Perks and our guest was @Constkogan. The AMA took place on 22 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

Andrés M. | Satoshi Club: Hello dear community. Today we have an amazing project to introduce you. Let’s give a warm welcome to our friends from Bullperks.

@Constkogan welcome to Satoshi Club 😃

Constantin Kogan:  Hi Everyone, thank you for having me

Luis Merino 🇪🇸 | Satoshi Club: Hello everyone! Welcome, Constantin 😊

Constantin Kogan: Happy to answer your questions

Andrés M. | Satoshi Club: We are glad to have you here!

To begin with the AMA, could you please introduce yourself? We would like to know more about you as head of the project😃

Constantin Kogan:  Sure, few words about myself: I’m an entrepreneur, digital asset investor since 2012, and blockchain technologies enthusiast with 10+ years of corporate leadership and experience in the technology and finance sectors. Co-Founder at Bullperks, Partner at BitBull Capital and former Managing Director at Wave Financial.

As an influencer and meta-connector, it is my personal mission to help talented entrepreneurs disrupting various industries with blockchain technologies.

In recent years, I’ve been involved in the world of tech, investment, advertising for over a decade and is a top thought leader in trends, particularly in Hedge Funds, IT Startups, Venture Capital, Healthcare, Agriculture, Real Estate, Media/Entertainment with expertise in the Blockchain technology and digital assets (crypto assets, digital securities) management.

During these years I had a chance to demonstrate a variable history of growth and expansion in fundraising, community expansion, strategic partnerships, helping to build teams and develop scalable business models. Delivering superior administration on the latter areas of expertise utilizing effective communication skills, business acumen, systems analysis, tech sociology, and behavioral psychology to support efficiency and maximum returns.

I hold a Ph.D. candidate in Sociology and a Masters in Education, fluent in five languages. I’m also a contributor to CoinDesk, CoinTelegraph, Bitcoin Magazine, Tech Radar, HackerNoon, AltCoin Magazine, Securities.io, constantly quoted by Forbes and other Tier 1 publication as well as an author of scientific articles, research paper, in addition, a thesis on social media and behavioral psychology of internet users.

Luis Merino 🇪🇸 | Satoshi Club: That’s a great background 👀👏

How did you come up with the idea of creating Bull Perks?

Andrés M. | Satoshi Club: Please give us a words about what is the essence of Bullperks.

Constantin Kogan:  Good question, we went through all the pains of personal investments and high barrier to enter great opportunities. I personally worked with a lot of High Net Worth Individuals (HNWI) while being a part of first Fund of Funds in crypto sapce and one of the tope digital asset wealth manager and quickly understood that the opportunities to even have access to exceptional early stage projects are very limited for people who don’t qualify for HNWI status. Equality of opportunities is important to us. Analyzing the market we wanted to create a fair game for every person, therefore we decided to create BullPerks with a core value to be fair to everyone in terms of opportunities. In other words, we bring to the table experience from traditional finance to crypto world by democratizing access to every investor.

In essence we strive to be the most fair platform for great early stage crypto projects by providing a chance to invest in these projects

Andrés M. | Satoshi Club: So is your project able to host IDO’s?

Constantin Kogan:  Correct, we are both a Decentralize VC and a Launchpad. That’s a unique combination that we were searching for ourselves

Luis Merino 🇪🇸 | Satoshi Club:[22.05.21 19:58]

👏

Innovative idea 😄

Constantin Kogan: It’s all about execution, in my humble opinion

Andrés M. | Satoshi Club: A correct way to do the things👏

Thank you for this clear introduction, we have collected some community questions. Are you ready to proceed?

Q1 from Telegram User @kimterbear

On your website, the thing that caught my attention are your investment models: Titanium, Gold, Silver. What is the difference between these three and what is the use and access allowed for each tier?

Constantin Kogan: The main difference are the chances to particiapte in a particular deal. People who hold Titanium level will naturally have better chances to get an allocation

You can think about it as a membership in a club with more perks depending on the level

Andrés M. | Satoshi Club: As a vip level, right?

Luis Merino 🇪🇸 | Satoshi Club: Just like different stairs 😄

Constantin Kogan: Sort of, but we tried to make sure that the difference won’t be substantial to maintain fair play for investors who can’t afford higher tiers

Andrés M. | Satoshi Club: How can projects apply to Titanium level? What is needed?

Constantin Kogan: The levels are for investors not for the projects

Projects are able to apply for a listing via a form, we are soon updating our website to offer a dedicated page to automate this process

Luis Merino 🇪🇸 | Satoshi Club: I love this idea! So that everyone has more or less the same possibilities 😄👏

Constantin Kogan: Correct, but also have a chance to upgrade

Luis Merino 🇪🇸 | Satoshi Club: We have another question somehow similar to this one, so, do you want to share more clarifications on it? It’s question number 4 😉😄

Constantin Kogan: Of course, once you know which tier and Bull type you are, then see which projects are available to this tier. Different tiers have allocations to different deals. Then if you’re interested in a project and there is an allocation you will need to choose it and connect your wallet and transfer the funds and wait for a confirmation.

Projects that are listed on Ethereum will receive allocations in USDC/USDT (ERC-20), similar if it’s Binance Smart Chain it will be BEP-20 standard

In a nutshell, you will have to hold 10,000 BLP tokens to quilify for Silver tier

Andrés M. | Satoshi Club: Will you support more chains?

Constantin Kogan: Our plan is to be multichain project, so yes. Solana, Tezos, Cardano are in the roadmap

Luis Merino 🇪🇸 | Satoshi Club: Huge chains 😳😄🚀

Ready to jump into the next question? 😊

Q2 from Telegram User @victorogb

Bullperks describes itself “as a community of like minded individuals who want to leverage their power and invest together in the best projects at the same terms as VC’s”. This statement resonantes through the core purposes of most VCs. However, BullPerks being a new project with a pretty small number of dedicated community members, is in a VC market that is clearly dominated by known brands and projects who have built a reputation in DeFi and crytocurency. Therefore, how will BullPerks look to create a unique niche for itself through it’s products, partnership and services, ultimately pushing it’s growth and development drive?

Constantin Kogan: Right now we are doing a lot of marketing efforts to attract users but at the same time we focus on the product striving to make it great and have usage in order to make them happy! We’re doing AMA’s and competitions to spread the word and then offer amazing projects to our community to participate in and more which will drive the usage and justify holding our tokens and buying more.                                                   We will advertise and market to non crypto channels as well to use the community power in the future to get them access to things both in the crypto and non crypto worlds. In addition, we have strong support from celebrities and people from traditional financial background. Soon you’ll major actor from Brave Heart and Game of Thrones supporting our cause.

Besides that we have about 12 partnership announcements

Our investors are top players in the industry with huge communities, so in the coming 2 weeks you will see a lot of buzz about BullPerks

Luis Merino 🇪🇸 | Satoshi Club: Game of Thrones!! OMG.

When Money Geist ones? 😄😄

Andrés M. | Satoshi Club: Any easter egg for us? Could you tell us about one of those partnerships?

Constantin Kogan: For now I can announce only everything that is public, with dozens of Key Opinion Leaders accross the world. So we have access to influencers with a cumulative audience of 100M+ subscribers

Luis Merino 🇪🇸 | Satoshi Club: We will keep in touch then

Looking forward to have more news about this 😄😄

Andrés M. | Satoshi Club: Thanks for the answer, are you ready to go with the next question?😃

Constantin Kogan: Yes

Q3 from Telegram User @h1drX

I was reading your roadmap but was intrigued to read your goals for Q4 2021, “Shop and Play NFT”, could you tell us a little more about this? What will these changes to the platform consist of? What will these changes bring?

Luis Merino 🇪🇸 | Satoshi Club: It was obvious a question related to NFTs was going to appear 😅

Constantin Kogan: We will be incorporating NFT’s in the future and will also offer an NFT store. We’re always keeping on learning and evolving so will monitor the market trends and adapt. Our commitment is to listen to the community feedback and incorporate the changes to constantly improve our product. We will also partner with some portfolio companies to integrate ability to exchange NFT’s from different platforms as well as creating your own. The main point would be to add mroe value to our community.

Andrés M. | Satoshi Club: Btw, could you share with us your roadmap?

Luis Merino 🇪🇸 | Satoshi Club: How will you communicate actively with the community?

Andrés M. | Satoshi Club: That’s amazing, great things are coming🥳

Constantin Kogan: June 9th is the focal point of our Roadmap, that’s our own IDO. The rest we will update on the website.

Onboarding new members of the team with core skillset of community building and support this month. Next week we will announce a new hire

Head of Growth

Andrés M. | Satoshi Club: Have you published the info about your IDO? How to join?

Constantin Kogan: We’re finalizing everything with top Launchpads who will partner with us on the IDO. The plan is to do dual or even tripple IDO simultaneously

The best way it to follow our https://t.me/BullPerksAnnouncements/

or  https://t.me/BullPerks_Official

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

And let’s join btw

Thank you for the clarification. Time to proceed with the next question, are you ready or do you want to add something else?

Luis Merino 🇪🇸 | Satoshi Club: Thank you Constantin 😉

Q4 from Telegram User @Korryl

I read that Bull Perk have create token name with $BullPerks Tokens. So could you tell us what are the advantage by holding Bull Perk token? There are also available the “Tier System” And level for the holder itself, can you explain how does the “Tier System” work ?

Luis Merino 🇪🇸 | Satoshi Club: Partially covered, do you want to add something else? 😄

Constantin Kogan: BLP token will represent the access to participate in the Tiers, I’ve partially answered about this before. To add another unique feature about our project, the 3% fees on investment will go fully to buy backs.

Andrés M. | Satoshi Club: What is the tokenomics of BLP? How is the token distribution?

Constantin Kogan: You can see details about the tokenomics here https://bullperks.com/tokenomics

Andrés M. | Satoshi Club: 27,5% Treasury, what is the aim of that pool?

Constantin Kogan: Basically any Treasury is there to serve several goals: to satisfy a number of essential criteria, which include cost efficiency, security, and the ability to liquidate reserves at short notice.

Luis Merino 🇪🇸 | Satoshi Club: Wise choice

Are you planning any token burn?

Constantin Kogan: Good question. There is a fee for participating in the decentralized VC deals as every other competitor have. However, in our case the fees will be lower and will go to buying back our tokens from the exchange as well as a portion of the company profits will go to buy back tokens as well.

Luis Merino 🇪🇸 | Satoshi Club: Sounds great! Thank you. Ready for the next question?

Constantin Kogan: Yes

Q5 from Telegram User @highpee

You planned to launch Bullperks on BSC, ETH and on 3 other chains in this Q2. You also plan to raise $2,120,000 from presales with half of this expected to come from private investors. However, none of the sale event has been carried out yet. With just a week left in this month, and one month to end Q2, will it still be possible for you to launch Bullperks on the 5 chains this quarter? Have you already gotten the desired VCs partners and private investors to lead the seed/private sale? Can you project when these sales will take place especially the public sale and how it will be conducted ? When will the platform eventually go live and what are the 3 additional chains you will be launching on?

Constantin Kogan:  Just to clarify few details. 3 other chains will come later. We’ve already closed Seed, Strategic and Private. You can see a full list of our investors on our Home page, actually we’re oversubscribed with top VC who support us including x21, Follow The Seed, GD10 Ventures, Moonwhale Ventures, Shima Capital and many others.

Our plan it to launch an IDO which will be a Public sale, as I’ve mentioned before the ambitious date is June 9th. Shortly after we’ll start onboarding other projects

We closed our private raise im less than 2 weeks 🙂

which signifies trust in the team as a backbone of the project

Andrés M. | Satoshi Club: Have you audited your platform before the coming public sale?

Constantin Kogan: We are planning to do it but since we will not launch an IDO on our platform that’s less of a concern. We will have to 2 independent audits conducted to ensure the safety of the code and smart contracts. In talks with top auditing companies at the moment and already provide a draft of our smart contract to 2 of them.

Andrés M. | Satoshi Club: Great, safety first

Thank for share the info. Is time to proceed with the last question of this part of the AMA, would you like to add something before?

Luis Merino 🇪🇸 | Satoshi Club: The last question is knocking at the door…

Constantin Kogan: Yes, I think it makes sense to mention our contest that is currently running and 3 more will be launched before the IDO.

✅ Check how to enter HERE (https://bullperks.com/contest/) !

We also thought through the future of the token by making the initial market cap very low (just below $400K) and we put in place long vesting so no VC or big holder can dump and also limited their ticket size so no one will hold too much and we have clause in the SAFT that makes it clear that if they dump they will be refunded.

We will do everything needed to try and protect our community and holders!

Andrés M. | Satoshi Club: That’s what we call a crypto gem😁

Thank you Constantine, let’s proceed.

Luis Merino 🇪🇸 | Satoshi Club: 💎💎

Q6 from Telegram User @belkysgonzalez

Can any startups acquire your services to raise capital or is there some kind of test they have to pass? Do you have a certain criteria you base on to allow the startups to participate in BullPerks? If so, can you tell us what are the aspects that you value the most in these projects?

Constantin Kogan:  We are open to have a conversation with smart entreprenuers in the space and assist them with all we can. Albeit we will conduct a strict due dillgence for every project. Inspecting the founders background, legal structure, tokenomics, securirty etc. What matters is an elegant solution coming out of real pain/problem with a clear path to execution & growth. Once we identify such opportunity, we will do everything to make this project successful

Part 2 — live questions from the Telegram community

Q1 from telegram username @Sumione

Will you support staking and farming options in the future? What else can hodlers  do ?

Constantin Kogan: Yes, we will support both staking and farming in the future

Q2 from telegram username @Medo1234568

How will your project generate profits / income to sustain your project and what is the revenue model?

Constantin Kogan: We expect profits from the projects we invest in and will have a fee to list projects. Our buyback program is another strong incentive. The 3% fees on investment will go fully to buy backs as I’ve mentioned before. All the profits from the sales of the NFT store. Using 10% of the profits of the company investments. We expect the pick the winners as we did before hence our community will grow with us.

Q3 from telegram username @FZayyid

Have you considered on putting some Bullperks ambassadors for those community who don’t speak English as their language? If yes, can you mention which ambassadors for which language available?

 Constantin Kogan: Yes, this is a great idea and we’re in touch with several ambassadors in Europe, Asia, Australia. Open to partner with more.

Q4  from telegram username @My1queen

Hi✋✋

Your roadmap plan to launch an Influencer Marketing Agency that will merge brands with influencers. How will this be implemented?And what will be the work routine of this marketing agency ?

Constantin Kogan: We’ve partnered with 2 agencies, so far our investor are instrumental to introductions to influencers. We have 50+ great thought leaders to work with via those intros.

Q5 from telegram username @Mariana436

I have seen many defi projects recently appeared, and they died because of lack of liquidity and confidence in developers. How do you convince investors about this problem?

Constantin Kogan: You’re correct, it’s a real issue. The only honest answer is building strong community, have more partnerships and make sure you do the moves with marketing. Moreover, some early investors dump the tokens as soon as they unlock, we are hoping to build a community of longterms players helping projects to balance their liquidity by increasing interest. We also partner with professional market making agencies.

Q6 from telegram username @Eminet001

What are the features this project has that will make you forever undispensable by Users

What makes you stand out and unique among he compititors you have.      ?

Constantin Kogan: Besides what I’ve described, the main feature is our commitement to our vision and desire to deliver great results. I personally believe that tthe team is the most important asset/feature, especially in our business where reputation is paramount.

Q7 from telegram username @Medo1234568

As an individual user & a developer I’m interested in contributing to your project alongsides earning, Do you have any Bug Bounty program?

Constantin Kogan: We are planning to implement it after the official launch

Q8 from telegram username @testercoin

Which blockchain BullPerks using right now ERC-20 or BEP-20 and why not both of them?

Constantin Kogan: We will use both, just considering to use BEP-20 for our token due to high gas fees but we are chain agnostic. I would be curious to hear your feedback about your preference.

Q9 from telegram username @ronaldo_super

Where is your main core developers placed your core team and tell us about their experiences?

Constantin Kogan: Our core developers are in Europe, we can’t disclose their name as per the contract but I would say that they have developed top 10 DeFi projects which I’m sure you heard about

Q10  from telegram username @Miner_001 –

Sir, What do you want to achieve?What are your expectations of your project?

Constantin Kogan: By helping others I want to achieve growth for the project and fulfill my passion to create products that change people’s lives.

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/

Chinese Telegram group: https://t.me/satoshi_club_cn/

Indonesian Telegram group: https://t.me/satoshi_club_indonesia/

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

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

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/BullPerks_Official

Twitter: https://twitter.com/bullperks

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 2CRAZY and our guests were are @ripplelove and @CryptonexB. The AMA took place on 23 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

Gold Rocket | Satoshi Club: Hello, dear community! We are pleased to announce our next AMA with 2crazy 😀

Mary | Satoshi Club: Hello  Satoshi Club! We are happy to announce our AMA session with 2crazy! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club: Today our guests are @ripplelove and @CryptonexB!

Feeling Well: [ 🙏 Sticker ]

Bitbot: Hello everyone )

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @ripplelove and @CryptonexB!😄

Mary | Satoshi Club: Welcome here! How’s going?😀

Bitbot: going great!!! , probably not the best days for most of the investors, everything little reddish now , i hope everyone watching there backs

Mary | Satoshi Club: Oh, yes! But we are here for tech, right 😉

Bitbot: yes we are

Mary | Satoshi Club: My investments are also crying today😂😭

Gold Rocket | Satoshi Club: nevertheless, we have something to do today! ready for an exciting AMA today?

Mary | Satoshi Club: But we won’t concentrate on the sad things, because we have 2crazy as a guests🤩

Feeling Well: Yes we are!

Gold Rocket | Satoshi Club: Let’s start!

Bitbot: Lets go 👌

Mary | Satoshi Club: Could you please introduce yourself and tell us more about 2crazy?😀

Gold Rocket | Satoshi Club: Introduce yourself please. How did you get to be involved in crypto & 2crazy? Tell us please about your position in 2crazy.

Bitbot: Hello Again, my name is Arthur, I’m in Crypto since 2015 , 35 years old and happy )

we started with 2crazy in the end of 2018 , we had an idea to develop the best Gaming platform for the community , but we actually did it all backwards .

Gold Rocket | Satoshi Club: Sounds 2crazy 😁

Bitbot: we have acquired our Gaming license and Built our platform from scratch with the best Designers and software engineers in the industry , we got everything ready and only then we started to tokenize 2Crazy NFT eSports

Mary | Satoshi Club: Very viable intro! Did you work in gaming industry before Crypto?

Bitbot: yes, me and Dylan have worked for 3 Years in the gaming industry before we started to build our own platform

Feeling Well: My name is Dylan and im in crypto since 2014 like arthur said we started with 2crazy in the end of 2018.

Me and Arthur are both the Co Founders.

Bitbot: just to be clear 2crazy.com , are live and functional, our brand is fully focusing right now with all the connections we have to the Gaming industry with 2CRazy esports NFT

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

Mary | Satoshi Club: So, it’s much easier to start here with your experience!

You are early bird!😉

Gold Rocket | Satoshi Club: @ripplelove @CryptonexB great background for start your own project 👍

Bitbot: we have our Support chat team in Ukraine, our design and development team in Romania , and our main office in Malta, we are currently 12 Team members

all of them are from the Gaming industry

Feeling Well: As for the crypto part, we have the best partners and advisors in the industry.

Mary | Satoshi Club: Ukraine sounds familiar for me😂

Gold Rocket | Satoshi Club: Nice to get to know fellow countrymen 😍

Feeling Well: Privet 🙈

Mary | Satoshi Club: So! Guys, thank you for your awesome intro 😀

Do you want to add something or we can go to the questions from our community?😉

Feeling Well: Yes i would like to add a few words

Mary | Satoshi Club: Sure👏

Feeling Well: Our IDO is scheduled for next month, we already closed a top TIER 1 IDO platform. We already signed an agreement with leading centralized exchange and we are planning to make IEO combined with the IDO. We promise to announce the partnership within a few days in our Telegram group.

Gold Rocket | Satoshi Club: great news! 🎉

Bitbot: unfortunately we can’t revel to much right now about everything that is planned for 2Crazy , but rest assure that we definitely working very hard to bring the biggest names of the industry at 2crazy eSports NFT’s and just follow us in our social media groups because everything will be reveled and announced very soon

Gold Rocket | Satoshi Club: Success is just around the corner! you are great!

Bitbot: thank you 🙏🏻

Gold Rocket | Satoshi Club: By the way, I really like your website design. Hand this over to the designer.😁

Thank you very much for the great intro! 😍

Ready for the questions from community?

Bitbot: thank you apricate it, we worked very hard for it to look as coolest and creasiest it can be )

yes hit us 💪🏼

Q1 from Telegram User @cryptofollower

It is nice to see a real working project. I also tried your games without adding funds with your playing for fun feature. As you are telling 2crazy is the fastest growing casino in the world, I want to ask you about how do you generate or where do you get random numbers for your games? People would like to know it about there are no cheats on games. Is it generated on chain or are you getting random numbers with an Oracle?

Bitbot: all of the games in 2crazy.com are fully licensed , by new jersey gaming comity

we have 0 influence on the outcome of the games

Mary | Satoshi Club: The Jersey Gambling Commission

https://www.jgc.je/

This?😀

Bitbot: https://www.njoag.gov/about/divisions-and-offices/division-of-gaming-enforcement-home/

this )😜

and as you can see they do not play around

Gold Rocket | Satoshi Club: Yes! serious people 😉

Mary | Satoshi Club: Yes, i see👍

So, you don’t use any oracles?

Bitbot: all the games are being tasted with all the metrics with the biggest names in the industry

Mary | Satoshi Club: Gotcha! Thank you for your answers!😉

Gold Rocket | Satoshi Club: Btw… How many players do you have today? Are there such statistics?

Bitbot: the games are not sitting in our servers , its all fully regulated by the commissions, as i said before we did it backwards ) we first did everything for the community to fell safe to play and enjoy , and only after that we started the tokenization process

we having about 5200 unique monthly players currently

Gold Rocket | Satoshi Club: Do your users need to pass KYC?

Feeling Well: Only if they deposit with VISA / MASTERCARD we require KYC

Not with crypto deposits.

Gold Rocket | Satoshi Club: everything is clear to me! Thank you! ready for the next question?😊

Bitbot: ohh yea)  we actually work with Visa and Mastercard as well ) , small part i forget to mention

Feeling Well: Yes we are ready!

Gold Rocket | Satoshi Club: I think it makes the player’s life much easier.

Q2 from Telegram User @yellowchamp

According to your website that there will be 150% deposit bonus for all new players in 2crazy casino, can you explain how does this 150% deposit bonus be accumulated? Is this bonus is withdrawable or it is only available to be use in your Casino platform? Aside from this, what are the privileges for new players in your platform? Do you also have a referral program for 2crazy Casino? Thank you

Bitbot: the Welcome bonus is a 1 time Deposit bonus up to 1000€ , so you can deposit lets say 200€ and get additional 300€ from us, so you will start playing with 500€ balance , there are terms for completing the Bonus wager so you can release those funds and withdraw them to your wallet

https://www.2crazy.com/en/contacts/promotions

you can read all the details here

Gold Rocket | Satoshi Club: What other preferences and bonuses have you prepared for your users?😊

What are you most proud of?😉

Bitbot: obviously  our unique VIP system

Gold Rocket | Satoshi Club: Tell us more about it please

Bitbot: we have developed a very cool system, that takes in count only your wager and not profit or loss, so the more you play the more RP points you get that you can exchange them in out store, and you lvevel up for a higher VIP level, and you get bamboozled with cool perks and benefits

it would take to long to explain every level we have but i will link it here so you can see

https://www.2crazy.com/en/contacts/vip

Mary | Satoshi Club: How many VIPs do you currently have?

Feeling Well: You can use the points to buy items from the store, Iphone, Mac Book,  or you can exchange them to cash

Gold Rocket | Satoshi Club: It is very tempting👍

Bitbot: we have 1 level 7 VIP, 3 level 6 VIP and a few dozens of level 5-4-3

not easy to reach the final level )

Mary | Satoshi Club: That’s true 😀

Gold Rocket | Satoshi Club: That’s for sure! Do you personally like to play?

Feeling Well: I personaly love to gamble, Black Jack is my favorite game.

Bitbot: yes )  you can say that me and Dylan are fun people to hit the Casinos  with 😈

by the way that’s how we cam out with name 2crazy

Mary | Satoshi Club: I should try to play once😉

Feeling Well: Please do! :))

Bitbot: good luck 🙏🏻

Gold Rocket | Satoshi Club: You love to receive everything from life. I admire you guys! 😁

Thank you very much for the excellent answers!

Ready for the next question?

Q3 from Telegram User @garrinepotter

What fiat and cryptocurrencies do you plan to use on the platform? And how does the use of cryptocurrencies work within the platform? Bets will be made in a specific currency with payment of a commission, or will an in-game token be used? And do you allow the creation of an exchange between players within the platform? Something like P2P ? From the answers to these questions it will be clear how usable and competitive your platform will be

Bitbot: currantly you can make a deposit with LTC,ETH,USDT,BTC and Visa /Mastercard, we are planning to add many more both from the Fiat world and the Crypto world

all currencies that will be used the system, will transfer it you you local currency , if you use EUR and you deposit BTC you will see EUR in your balance

Mary | Satoshi Club: And users also bet in crypto?

Bitbot: not in Crypto because the system transfer it to your Local currency

Mary | Satoshi Club: Gotcha!

Bitbot: lets say you deposited 100$ in BTC , and you got 800$ in your balance after you hit the blackjack table, you can withdraw with BTC/ETH/LTC/USDT that amount

Mary | Satoshi Club: Any amount in BTC without KYC?

Feeling Well: Yes

Mary | Satoshi Club: Awesome 🤩

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

Feeling Well: Yes

Q4 from Telegram User @andrey_seleznov

Website briefly mentioned Fair play in the footer. Could you please tell us more about the gaming backend functionality? Can players be assured that house or other players will not be able to spy on their cards and especially not artificially manipulate the game to make sure player is at a disadvantage? Do you have any unique security and fairness systems on the platform that make 2crazy stand out from the competition?

Mary | Satoshi Club: I think this question is partially covered

Feeling Well : Like my partner answered before, we are using 3rd party game providers which has to pass RTP rules made by new jersy.

Mary | Satoshi Club: did you have any users attempts to cheat?😉

Feeling Well: It is almost not posible these days.

People mostly try to hack the system but not the game itself 🙂

Mary | Satoshi Club: What was the biggest jackpot in your game, btw?😉

Feeling Well: Actually in our first week of  launch one of our players hit X5000 in the slot game  called ‘Fruit Party’ and won $150K

Mary | Satoshi Club: Wow, incredible! Lucky guy!

Gold Rocket | Satoshi Club: Wow!

🥳

Feeling Well: nice start to him 🙂

Gold Rocket | Satoshi Club: the time of the ace in the sleeve is in the past😁

Feeling Well: Yep ^-^

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

Feeling Well: Yes Please

Q5 from Telegram User @victorogb

As part of it’s product roll out and premium service offerings, 2crazy will organise Unique NFT based gaming events which will also include NFT lotteries and an exclusive 2crazy NFT airdrop. Although the implementation of this unique events are scheduled for Q4 2021, but can you briefly tell us, some of the unique distinguishing features users and prospective players are bound to enjoy and experience from the launch of these events, and how will 2crazy better incentive and reward it’s community of investors and gamers with such special events and community backed gaming programmes?

Feeling Well: So our plan is to on board superstars in various different games, it could start with Poker, CS:GO, Apex, COD and to create a unique NFT for each superstar.

Once a player purchase those NFT’s he can schedule a game with his favorite superstar!

Of course he can also trade / BID those NFT’s for a higher price!

We already in contact with some big names we will reveal them after the IDO launch!

Gold Rocket | Satoshi Club: This is the original concept 👍 And absolutely in the spirit of the times

Mary | Satoshi Club: Can you give us a hint who could it be?😉

Feeling Well: We can’t reveal names until the final signautre but we can tell you that’s a big name from the poker industry!

Mary | Satoshi Club: We will follow your updates 😉

Gold Rocket | Satoshi Club: The ingenious football player Andriy Shevchenko loves poker

Feeling Well: Im a big fan of Andriy Shevchenko, of course we will try to reach him but we never contacted him yet 🙂

Mary | Satoshi Club: But we gave you this idea😉

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

Feeling Well: Yes Please

 [ 🙏 Sticker ]

Q6 from Telegram User @Jonahapagu

It is said that 2Crazy, will allow users to take part in NFT-based games, NFT lotteries, and even exclusive 2Crazy NFT airdrops…. What are the examples of your NFT-based games and how do they work, how will your NFT lotteries and NFT airdrops work, and how can users participate and benefit from your NFT-based games, NFT lotteries and NFT airdrops

Feeling Well: Like i explained before, when we on board a superstar from a certain area of expertise, Users will be allowed to purchase the NFT and play against the superstar.

We will make a special NFT for lottery as well, who ever holds the NFT will be allowed to participate in our ONE OF A KIND lottery rumors about lambugrini hurricane 🙂

Mary | Satoshi Club: Thank you, guys for your detailed answers! Do you want to share important links before live part?😉

Gold Rocket | Satoshi Club: thanks a lot for the answers! Want to share useful links and information with Satoshi Clubbers before we open the chat for a live question session?

Feeling Well: Twitter: https://twitter.com/2crazylive

Telegram: https://t.me/crazy2casino

Medium: https://2crazy.medium.com/

Website: https://2CrazyNFT.com

We also thank the Satoshi Club community.

Gold Rocket | Satoshi Club: [ ⏳ Sticker ]

Mary | Satoshi Club: Thank you, guys!🚀🚀🚀

Gold Rocket | Satoshi Club: Join, Satoshi Club 🎰

Part 2 — live questions from the Telegram community

Q1 from telegram username @highpee

I must confess, your project name (2crazy) is too crazy 😁. Nice name for a gaming platform 😄👍. But what makes you prefer this name? What motivated the CHOICE for this name and what are the CRAZY experience that users will experience through the use of your platform?

Feeling Well: Actually we choose this name because me and my partner are crazy people to party with, you should join one of our futures event or maybe to to a party with, we will show you why they call us 2crazy guys 😂😂😂😂

Q2 from telegram username @Denybela

How can we in Islamic majority countries access your gambling platform?

Feeling Well: We are allowing islamic majority countries to use VPN but only if they deposit with crypto.

Q3 from telegram username @Rayian3

❣️Binance smart Chain blockchain is having high transaction speed and cheap gas fees, Are you planning to launch your mainet or switch to other blockchains in the future?

 Feeling Well: We are planning to launch on both ERC20 and BSC.

Q4 from telegram username @KhaleesiTheCryptoLady

Do you have Ambassador Program for different countries?

Feeling Well: We are actually planning to Launch an Ambassador Program, if you have a suggestions to use, feel free to contact me dylan@2crazy.com

Q5 from telegram username @cibeyon11

Which are the eSports  in 2CRAZY?

Feeling Well: CS:GO, APEX LEGENDs, LoL, COD and of course Fortnite.

Q6 from telegram username @Mamitabella

Apart from being a casino will you also include sports in the future for betting?

Feeling Well: In our casino platform we will include sports betting pretty soon, i think within 45 days

Q7  from telegram username@mobilejii

✅✅ Do you have any limitations for deposit and withdrawal per day? What is the maximum deposit I can make and bet too?

Feeling Well: We have no limit on deposits nor withdraws.

Q8 from telegram username @surendra040

How could I get your tokens? Is it listed or any sale going on?

Feeling Well: The Seed and the Private round is over, but wait for the upcoming IDO and IEO to get your 2crazy tokens

Q9 from telegram username @centoscu

Do I need to be 18+ for using your project?

 Feeling Well: You must be a 18+ to participate in our project or playing on our platform.

Q10 from telegram username @Josegamboac

 The backing of 2crazy’s main investors: Twin Apex Capital, ICO Pantera, Exchange.bitcoin.com, Dark pool, MDA Capital, MXC, Magnus Capital, Stakely, X21, Megala Ventures, block sync, Clouds Capital, Skynet, Orion protocol , Exnetwork Capital, AU21. These are important investors for a project. Why do you think these investors wanted to invest their capital in 2crazy? What do you offer?

Feeling Well: I think those investors and big names noticed our potential and different approach to the projects.  Unlike other project, we started from creating the platform and only then, we started to raise funds for the project. The investors liked it alot.

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.

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