Month: May 2021

We are pleased to announce our next AMA on June 21st 2021 at 12:00 PM UTC Time: Satoshi Club x YSL.IO

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join YSL.IO Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. YSL.IO Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about YSL.IO

For more details:
YSL.IO Website – ysl.io
YSL.IO Telegram – @ysl_io
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join SafeBLAST Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. SafeBLAST Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about SafeBLAST

For more details:
SafeBLAST Website – safeblastcrypto.com
SafeBLAST Telegram – @SafeBLAST
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We were delighted to welcome our guests from LaunchX. The AMA took place on May 23rd, 2021 and our guests were @MeSoApey and @kingslayar.

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

D. Папа Роуч: hello Satoshi Club! it’s time for AMA!🥳 today we having AMA with LaunchX!  and our guests – @MeSoApey and @kingslayar ! we are ready! 😄 hello! welcome! how are you doing? are you ready for AMA?! 😊

David: Hello Everyone, thanks for having us.

D. Папа Роуч: EPIC! thank you guys for joining us today! so let’s star our AMA!

D. Папа Роуч: as always introduction first 😉 so please introduce yourselves and your project 😇

MeSoApey: Sure. I am part of the operations and communications team for LaunchX. Have been in the space for close to 10 years now. Back ground in computer programming. Happy to be hear to share the good word about LaunchX!

Маry Satoshi CLUB: Hello!

Маry Satoshi CLUB: Welcome here 😀

David: Quick recap for anyone that isn’t aware. LaunchX project is a Dao that consists of 3 companies that operate a fund, incubation and tech build capabilities. We also have an advisory board that consists of many other companies that have well developed business infrastructure. It’s why during periods of market conditions like were seeing today allows us to keep building

Маry Satoshi CLUB: When did you start to develop LaunccX?

MeSoApey: LaunchX has had several iterations but the founding members concepted LaunchX back in February. With early ideation ambitions that bleed into Q4 2020.

Маry Satoshi CLUB: Gotcha! You had time to develop!😃

D. Папа Роуч: could you share info about your team? who’s behind LaunchX?

MeSoApey: Sure its first important to note that LaunchX is a decentralized Dao. Its founded by the core Ecosystem Dao which is made up of Marshland Capital, Magnus Capital, and Valaren Capital(Traditional firm/Dev Arm). Marshland and Magnus are both industry veterans in the capital start up space when it comes to crypto.

Маry Satoshi CLUB: Super!  Really great founders!

David: Just to add to this question. It in essence means that the core team of LaunchX consists of all the combined resources and personnel talent that all three of these companies have. Its a very big team of people

Маry Satoshi CLUB: Guys! Thank you for your intro! Are you ready to start with the questions from our community?😃

Q1 from Telegram user   @belkysgonzalez

It seems that you have a strong partnership with KuCoin after the successful BurningDrop launch. Can you tell us about your experience with the KuCoin team and how has LaunchX benefitted from this partnership? And after the BurningDrop, what is the next step? Can we expect more news about LaunchX and KuCoin working together again?

MeSoApey: Sure. Our connection with KuCoin actually stems from our strategic relationship with DaoMaker. The funds that founded the Dao actually have longer roots with DaoMaker dating back to 2018/2019 and into their strategic sale. Hatus view on the industry as it pertains to VCs that provide minimal value along with tokenomic belief of tight price levels between rounds help to stabilize our relationship to want to see each other succeed.

Between DaoMaker and KuCoin they both saw the vision and need to bring a community focused launch pad, with lower fees, and non profit in terms of vaults. With the solid team backing the project like Marshland, Magnus, and Valaren they were able to make the judgement that we were for real. Infact only a hand full of launch pads have been blessed with tier 1 liquidity so we are happy to be a part of the KuCoin family.

We are in conversations with them about next step as it pertains to trading competitions and our relationship with DaoMaker is stronger than ever as we are being introduced to some amazing partnership/integration opportunities.

Маry Satoshi CLUB: It seems you have a lot of partnerships in cryptospace, do you plan to launch on another exchanges? Or Kucoin is enough for now?

MeSoApey: Right now KuCoin and Pancake is more than enough liquidity for the short term. Our primary focus over the next quarter is building, providing value, and building the community so that the flow of ideas are coming from everyone. We do have aspirations for other exchanges but it is not the top priority at this time.

Маry Satoshi CLUB: That’s clear! We will follow your next steps👏 Thank you for your answers! Ready to proceed?

Q2 from Telegram user @victorogb

As a decentralized launchpad for projects, LaunchX is said to be community-driven, governance-based, and transparent, with the community at the helm of affairs as it concerns projects for consideration and possible launch on the platform. These privilege are available to community members as a result of the LaunchX DAO protocol. With the DAO protocol (described as a first of it’s kind), do all community members have a certain level of governance privileges or is there a specially selected governance team, and how will the DAO protocol effectively ensure that prospective projects are given the fairest community backed consideration?

MeSoApey: Good question. The way the governance process works at least as it pertains to projects listing on the platform. A project applies and is given a back ground check. If they pass initial back ground check we help them in posting the soft proposal. This is a warm temperature check 50/50 up and down vote. This is also a good time to refine the proposal with feedback from the community. From here an onchain governance vote is performed via token holders for the official listing. The Ecosystem Daos only power is to execute the will of the people but also has veto power in the case something that would damage the ecosystem has come arise or manipulation occurs. This is a check and balance system that is required to protect the integrity of the ecosystem but ideally would never be used as the governance threshold would be high enough to prevent manipulation. We think a good number is 30 to 40%. Something that will be discussed on the forums which go live Monday i would imagine.

Governance members will also be invited into discussion as it pertains to our listing vaults regarding different strategies we want to deploy the listing fees into and how much of the listing fees should be reinvested into the development costs of the company. This can be determined on a per project basis or a flat fee to make things simple.

Other development roadmap goals external to the initial roadmap and progress on the current roadmap are always up for discussion and any soft vote that passes community approval is eligible for a hard vote.

Маry Satoshi CLUB: Is your governance system already live?😃

MeSoApey: It should be ready for deployment Monday im told from our development team.

MeSoApey: So next 24 to 48 hours basically.

From there we plan to have many discussions including, what is most asked about, is delegation tiers for IDO staking.

Маry Satoshi CLUB: Wow! What users need to start voting?

David: The long term plan is for a fully community governed project. Like all successful community driven projects you need to have a period of transition so support the process of adoption. We created this structure to enable community engagement and involvement so that those most engaged are rewarded as they engage in the utility functions we will build

MeSoApey: To participate in warm up and down votes(Soft votes) its a simple forum vote but to participate in on chain votes you must have tokens and they will most likely need to be delegated to prevent people from buying tokens for a specific vote and voting day of. Basically security check to make sure you delegated prior to a vote going live.

Маry Satoshi CLUB: Which is minimum amount of tokens user need to have to participate in governance? I mean chain votes

David: We would encourage anyone keen to understand more to read our recent update medium article that give more information on how those community members that hold tokens will be able to engage with our platform.

MeSoApey: That is something still in discussion and we will look for community input once forums go live.

Маry Satoshi CLUB: Gotcha 👍 Ideally there is no min. From our perspective but this is an inclusive process.

Маry Satoshi CLUB: We understand 😃 Btw, you can share this article with our community 😉

MeSoApey: Sure you can read our community update article that details part of our roadmap and things we are actively working on.

https://launchx.medium.com/launchx-community-update-f41df3b35a16

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

David: We sense that its important to be inclusive so most likely anyone with even the most minimum of token will have some ability to get involved. We will almost certainly consider a tiered system and offer more utility for holders that have more engagement with LaunchX. Pretty standard structure with any normal business operations

Q3 from Telegram user @Josegamboac

Launchx, as described in its medium, plans to launch the following projects: JustLaunchX, LaunchX +, LaunchX Studios. Can you briefly tell us about each of them?

MeSoApey: Sure. So its important that LaunchX can provide value full scope to projects that want to enter our ecosystem.

Just Launch X is for projects that are only looking to launch on the platform and connect with our community.

Some projects on the other hand are looking for incubation level support. Since Marshland and Magnus are notable funds and have incubation arms for projects we have launched we open up the ability for projects to enter into these pipelines.

LaunchX plus is a crypto focused vertical where Magnus and Marshland offer the option to come into our advisory arm and make sure the project has the resources it needs to take it to the next level. This includes full stack go to market services and access to our network with major players like DaoMaker, KuCoin, etc.

LaunchX Studio is a much bigger pond. We are currently in talks with major international incubators who are looking to make a splash into crypto. These incubation arms work very closely with major players like YCombinator, Techstars, and Andreessen Horowitz. This avenue is better suited for projects who can scale beyond blockchain and into the traditional space.

The goal is to mold LaunchX’s USP into more than just a place people launch their project prior to AMM but a spring board for professional businesses that have ambitions to make profound impact. Not all projects are eligible for this package because there is a high level of scrutiny when you are dealing with major players such as this. There are other things to mention in these tiers but i think its enough to get people aquatinted with the process.

David: Great question and this really should clarify any concerns anyone might have about the legitimacy or long term aspirations this project has. We are going to be announcing over the next few days, weeks and months a steady flow of partnerships that relate to how we will continue to expand our infrastructure and in turn build value for our community.

This forms part of a 5-10 year plan of building a framework of linked infrastructure that will support and co-exist to build greater value and increased capacity.

Маry Satoshi CLUB: So, as i understand you just planning all this or already find projects which want to participate in one of this projects?

MeSoApey: Could you maybe rephrase this question Mary?

Маry Satoshi CLUB: Let’s say, do you have projects which are going to paricipate in LaunchX Studio incubation program?

MeSoApey: Between Marshland and Magnus we deal with over 30 projects a month. Marshland specifically is actively advising or incubating 5 top tier projects at a time as well. So yes there are  projects in the pipeline atm that are looking to come into the LaunchX ecosystem over the next 60 days. That being said each one still has to be pass a governance vote to list. Projects that have our backing obviously come with a boost of confidence though.

Маry Satoshi CLUB: Gotcha! I see you will have tones of upcoming events!

David: To elaborate a little further on where we plan to take this. Imagine the future where we are seeing traditional capital inflows that desire more open governance and transparency. We see a day when the community runs its own projects and launchpads and exchanges and benefits from the utility that provides. Oh and shares in the value that this creates.

Маry Satoshi CLUB: That’s our main goals in crypto!😃 Community trust and support costs a lot!

MeSoApey: Yes the traditional markets main concern is regulatory compliance. SEC frameworks like those submitted by Hester Pierce regarding Safe Harbor 2.0 position LaunchX above its competitors by offering a truly decentralized, governance driven, community/process. This has opened up many doors with traditional partners who have alot of opportunity coming external into blockchain and strategic partners who want to tap into crypto into more traditional vertical. The future is bright for LaunchX!

Маry Satoshi CLUB: It sounds like a dream which becomes true!

MeSoApey: https://www.sec.gov/news/public-statement/peirce-statement-token-safe-harbor-proposal-2.0

MeSoApey: Can read more about Safe Harbor 2.0 here and how powerful it will be for future start ups in the decentralized markets.

Маry Satoshi CLUB: It’s very interesting long read! Thank you for sharing!

Ready to jump to the next question?

Q4 from Telegram user  @brotherhaikal

There is a coordinated FUD lead by former admin of LaunchX main chat (Paul), the FUD is consist on this project build by team of serial scammer that has rugged so many project before and the VC backing is fake, Will you try to explain this clearly to the community?

David: Its worth clarifying we’ve been engaged in the traditional fund and incubation space for nearly 20 years and our partnerships are with some of the biggest and brightest fintech, AI, Quantum computing businesses from Silicon Valley. They want to partner with us to bring the brightest minds and project to the blockchain space with us at LaunchX and we will take the best to them. Its a full cycle.

Маry Satoshi CLUB: As i know, and it’s a sad thing – a lot of projects have fud attacks

MeSoApey: Our community admin James had mentioned something about this but this is not the case. Marshland, Magnus have both been vocal in support via Social Media as well as other key backers like x21 etc which i believe our admins have shown in the chat. I would say KuCoin would not list a project that had fake backing same with DaoMaker. We are close friends with Hatu.

Маry Satoshi CLUB: I think it’s important that you’re opened and ready to answer such kind of questions 😃

David: The simple answer is to state that in order to get listed on Kucoin you need to have a full DD on the people behind LaunchX, you need a Legal Opinion. We have a full time lawyer that is part of the Advisory Board. Its a pretty ridiculous accusation to be honest

Маry Satoshi CLUB: May be someone wants cheap tokens?

Маry Satoshi CLUB: I hope guys will be pleased with your answers 😉

David: by the way we gave away 50k worth of tokens as part of our public sale in an airdrop. I would imagine a scammer wouldn’t do that.

Маry Satoshi CLUB: That’s true😃🚀

Q5 from Telegram user   @yellowchamp

LaunchX is a true community focused launchpad. The majority of fees generated via project launches will be deposited into our specialized staking vaults and leveraged into passive APY strategies. Can you explain how does specialized staking vaults works? What makes it unique and special? Can you share to us some of the strategies that your LaunchX is offering to community,traders and investors to get a passive APY throughout the year? Thank you

David: Sure, simply put when we onboard a project we will take most of that fee and deploy it into staking vaults. If you hold LaunchX tokens you will have the ability to earn passive APY.

Маry Satoshi CLUB: Approximately how many projects do you plan to onboard, let’s say, per month? Have you set goals of this kind?

MeSoApey: Yes the unique thing about the APY Vaults is that when a project comes to list on the LaunchX they pay a fee just like any other launch pad. The difference here is that instead of a centralized party taking the money instead a small portion is put back into the development fund. The rest is deployed into a vault which is then deployed into different DeFi strategies. For example Aave for starts. The goal will be that the governance can create new strategies or choose where they want the vaults to be deployed. The more projects that list the more the vault expands and the more yield can be generated via the two week delegation cycles for the staking pools. Its a very unique solution that only we can offer because we are  decentralized governance and there is no profiteer from this system.

MeSoApey: We will obv start out slow and scale up as we grow. This is similar with most launch pad models. The USPs we have mentioned prior we think will encourage projects to join more professional organizations like LaunchX.

David: We don’t have a set plan for volume. This is more about quality than quantity. As we scale so will the volume

Маry Satoshi CLUB: How much you will charge from projects to launch on LaunchX?😃Super! Which requirements you will have for the projects?

MeSoApey: We want to get community feedback if it should be done a project by project basis in the warm temperature check or if it should be a flat rate. We have a number in mind but would prefer to keep it internal until community discussion is had so not to impact opinions and also keep it out of the hands of our competitors. I will say by having overhead minimal from a decentralized structure we are able to lower the fee structure so most launchpads couldn’t even touch it.

This will be very important because we are heading into  future where projects will want to launch on multi pad strategies.

Маry Satoshi CLUB: Nice strategy 👍 Thank you for your answers, guys!

Маry Satoshi CLUB: Ready for the 6th and last question from this part?😃

David: sure

Q6 from Telegram user   @kimterbear

Talking about fair launch like you stated on your Twitter bio, do you implement anti-whale system since whales are one of the major problems in blockchains as they massively affect a token’s value. Do you set a limitation into how many a user can only hold in maximum for every projects launched in LaunchX? How protected are the projects launched here?

MeSoApey: Anti Whale systems are more focused on presale and post AMM listing. When we work with projects more intimately we have more control over captables to make sure its more distributed and with players who we know are holders and contribute value not day 1 dumpers. With AMM stuff we do have resources for sniper protection etc but its not really our focused. We are more of a supporting ecosystem and inject our selves on the LaunchX side at point of entry so we don’t have control over this stuff at times. It is part of our DD check but we work with projects in a fair and honest conversation.

David: Just to add to this. We followed a very extensive process ourselves in order to get listed on Kucoin and partner with DaoMaker. Such as audits, legal opinions, full disclosure of backers etc etc. We will do the same for projects that wish to launch with us.

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Medo1234568

Do you have any plans to attract non ,,,crypto investors to your project Because it is the success of a project to get more investors who are still not in the crypto world. What are the plans to increase awareness around your in non-crypto space?

MeSoApey: Yes this is why we are partnering with incubators and funds external to crypto. They want us to partner for more traditional finance options and we are equipped to facilitate .

David: We have some core partnerships in the silicon valley fintech, merchant banking and tech spaces. We will defo have cross sector support

Q2 from Telegram User @My1queen

With LAUNCH X B2B ecosystem aimed for startups and small businesses to raise Capital with multiple blockchains. How will this be implemented and what measures are in place to check for fake and duplicated business?

David: As mentioned we live have a very comprehensive process to confirm that projects are high quality and valid. They will need to have full audits. legal opinions, substantial development and legitimate teams. Ultimate they must pass the would a top tier exchange list them. Thats the standard were looking for.

Q3 from Telegram User @Steffiiigray5

Can you tell us about the road map, how it is progressing and the results of your project so far? Then what are the obstacles?

MeSoApey: First 30 days

—Get governance portal live.

—Get community feedback and implement tiered systems.

—Refactor admin portal issues and small bugs not addressed pre launch.

—Implement vault and staking system.

—Integrate Huobi Eco launches.

First 60 days

—Solana Integration

Q3/Q4

—Dot integration

—Crosschain bridges integrations.

Q4 from Telegram User @imwiiw27

About the community governance of LaunchX, Community members holding $LNCHX tokens can actively vote for those projects that apply. And If the vote gets passed by the majority, an official proposal is submitted. Can you please tell us are there any benefits, reward or incentive if you propasal passed?

MeSoApey: Good idea will talk with the team about this.

Q5 from Telegram User @Antoni_azx

Your token $ LNCHX is now live on KuCoin, PancakeSwap and DEXTools, are these the only way to buy it? Also, can you tell us the main benefits of being a $ LNCHX holder? Specially for IDO and exclusive investment project participation?

MeSoApey: Yes these are the primary ways to acquire governance tokens. Primary usage is access to IDOs, Governance participation, staking for yield from vault strategies. There will also be some NFT aspects incorporated with our integration partner which is also first 60 days of the roadmap.

Q6 from Telegram User @Rayian3

Mostly all the Crypto is in dump recently by market crash. How does your project ensure that the coin will recover after dump?

David: Well, we see this market as a very early stage still. We have been involved in capital markets for 2o years or more. Crypto for a number of market cycles. We don’t get too focused on the daily noise

Q7 from Telegram User @shanto016

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

MeSoApey: Our project is backed by major funds in the space including the incubation DAO. It also has gone through extensive DD by a centralized exchange which requires SEC lawyer opinions etc.

Q8 from Telegram User @Medo1234568

I have seen many projects recently appeared, and they died because of lack of liquidity and confidence in developers. How do you convince investors about this problem?

MeSoApey: Well liquidity is checked off as we have a CEX and a DEX. The latter is done by active community engagement and building. Full stop.

Q9 from Telegram User @highpee

You will offer startup and incubator service for new projects. If a project wish to get started, how will they go about it in order to get onboarded? What is the application process and what are the basic conditions that a project should meet before they are accepted on your platform?

MeSoApey: There is an application form on our website. This is the first step. Projects are more than welcome to apply directly when forums are live as well but we help assist them in the process if they apply directly.

Q10 from Telegram User @Indomiekuy

As we know crypto world is growing and there are much new launchpad project out there. can you describe what are the specialty from LaunchX than other competitor?

MeSoApey: I don’t know any other launch pad that is offering access for select projects to international partners who work strategically with big names like YCombinator, Techstars, and A16z. For starters. Even then we are a true community first launch pad with a scaling staking system. Very unique and unmatched imo.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of LaunchX. 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:

LaunchX Website – launchx.finance
LaunchX Telegram – @weLaunchX

We are pleased to announce our next AMA on June 1st 2021 at 03:00 PM UTC Time: Satoshi Club x APYSwap

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join APYSwap Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. APYSwap Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about APYSwap

For more details:
APYSwap Website – nft.apyswap.com
APYSwap Telegram – @apyswap
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 29th 2021 at 11:00 AM UTC Time: Satoshi Club x Unique One Network

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Unique One Network Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Unique One Network Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Unique One Network

For more details:
Unique One Network Website – uniqueone.network
Unique One Network Telegram – @unique_one_rare
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 30th 2021 at 03:00 PM UTC Time: Satoshi Club x Bezoge

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Bezoge Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Bezoge Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Bezoge

For more details:
Bezoge Website – bezoge.com
Bezoge Telegram – @Bezoge
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We were delighted to welcome our guest from Tokoin. The AMA took place on May 22nd, 2021 and our guest was @juspokat.

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

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

D. Папа Роуч: hello all! and  today our guest – @juspokat ! 🤩 welcome to our club!

pokat: hi aall

D. Папа Роуч: hello! nice to have you here😊 how are you doing?

pokat: thanks my pleasure to be here to be honest

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, Welly Salim!

D. Папа Роуч: 👍 so let’s begin our AMA then! 🚀

Gold Rocket | Satoshi Club: @juspokat Introduce yourself please. How did you get to be involved in crypto and Tokoin?

pokat: Thanks

My name is Welly

I have been dumbfounded by ignoring Blockchain in the early days

Gold Rocket | Satoshi Club: Nice to meet you Welly😊

pokat: lot of my friends who was into Bitcoin earlier

believed in blockchain and richly rewarded. While I am regretting not believing in the technology before. Hence, the moment my co founders invited me to join his team for tokoin, I was so excited.

MSME and Blockchain technology was my passion now.

Gold Rocket | Satoshi Club: What is the essence of Tokoin?

pokat: a lot to be learned

that’s aa million BTC questions

😛

Gold Rocket | Satoshi Club: gold words👍

pokat: Tokoin is a blockchain project aimed at helping MSME to be successful with the assistance of  technology not limited to blokchain.

Tokoin is a platform that establishes business identity as an acceptable reputation in the business ecosystem.

As a platform, Tokoin captures and processes business information from the users as a valuable asset, which, in our ecosystem, translates into a marker for the trusted reputation of the businesses, including but not limited to MSMEs, as our users.

Gold Rocket | Satoshi Club: Tell us about the benefits of your platform. How is it different from others?

pokat: This enables them to access previously inaccessible financial business services from providers, which act as our partners. Therefore, Tokoin links the business and financial sectors to launch a scheme of financial inclusion. The partnerships formed in Tokoin will subsequently contribute to the national economic growth, hence we are backed by Indonesia’s government.

I think our platform was built with a clear focus on

1. who are the customers

2. how we do that

3. tech to be used

4. the talent needed who is willing to admit if we screwed up and learn from it and move on

we are not chasing blockchain for the sake of the buzz word.

raather we are focusing in building a platform to help MSME in Developing country with technology, not limited to blockchain.

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

pokat: i think our vision can be relatable to common folks

In 2019 Tokoin team was set up, 2020 was a tough year, We were experimenting with development teams in multiple countries (built and close few R&D centers) and we have made the decision on where the R&D will be, hence in 2021 we were able to deliver apps such as TokoPOS, Konekto, T-Wallet.

2021 will be a year that We will be going back to basic and delivering the right solutions rather than being fast. We would really like to have TOKO being used as a mainstream exchange mechanism in purchasing services and goods in our ecosystem to help MSME.

And also COVID did not help either. Kucoin being hacked was not fun as well, and lastly extravagant gas fee in erc20.

D. Папа Роуч: awesome! nice to hear it, that someone cares about technology and not only think about now getting rich quickly 👏👏👏

Gold Rocket | Satoshi Club: Congratulations! This is really very important if the government supports a crypto project! 👏

D. Папа Роуч: 👀 some of these questions we have in the first part of our AMA btw

pokat: all of our staking and ICO goes to R&D

i see

Gold Rocket | Satoshi Club: You are strong guys!💪

pokat: please keep eyes on us, tell us if we can do better and  improve and pat our back too if we did a good job

Gold Rocket | Satoshi Club: Now get ready for community questions🚀

pokat: thanks

Gold Rocket | Satoshi Club: I’m sure you will love this!😊

pokat: sure

D. Папа Роуч: let’s goooo!

Q1 from Telegram user @Jonahapagu

One of the products Within Tokoin’s ecosystem is TokoPOS which is a point-of-sales application that is said to provide efficiency to run a business Blockchain Integrated Transaction System or BITS.. so how does TokoPOS application work, what are it’s features and how does it help business run an efficient Blockchain integrated Transaction system (BITS), what other importance does this application provide to business and users. Recently three features where added to TokoPOS which are “Business Resource”, B2B Buying and Storefront. can you also give a brief overview of how this three new TokoPOS features work..

pokat: thanks

these questions is as complete as it can be

lol

question*

D. Папа Роуч: good question😄😉

pokat: TokoPOS is part of the TOKOIN ecosystem to help MSME. It was made with MSME’s needs on our mind.

Its features will help you make sales, record financial transactions, register and categorize products, manage inventory, manage employees, enter discounts, and provide various payment options for customers, the idea is to allow MSME has the ability to manage their business with the help of technology

Developed nations might take this for granted, but this will be a huge help for the,

D. Папа Роуч: is your application already workable?

pokat: The BITS part will be a cheksum of transaction data stored asynchronously.

Business resource and B2B are possible due to integration with our partners

one of the biggest b2b marketplace in Indonesia

yes, it is working now

However We do not stop just there, all the goods/services entered into TOKOPOS will be published to MSME’s simple storefront. Yes, this is right, all the products will be available 24 hours a day. MSME can take orders anytime/anywhere now, they are not limited to operating time and space to offer and keep their goods and services.

Let me get a sample store front : https://tokopos.io/rumah-ceu-yati, please check and send her shop some love. #LoveYou3000

We hope this move will help MSME in focusing on what they know the best, making a great value to consumers by making great products. Please let TOKOIN help them with their technology.

And Also, TOKOIn is also working on a loyalty system to help MSME reduce their marketing budget.

A good and successful business always has one thing in common. It is a repeat customer. We are working on rewarding customer of the store front with point that can be:

Redeemed into TOKOIN, so the token can be invested/staked/ converted into fiat via exchange.

Redeemed into something to get rebate/items.

Transfer the token to each other such as donating the point to schools, charity, and more.

using points to pay for suppliers, insurance

More than that, Tokoin POS facilitates business people to create digital ledgers and digital business profiles. This data will be used as a credit rating for businesses, especially MSMEs, to gain access to financial intermediaries, suppliers and service services in the blockchain-based Tokoin ecosystem.

Hence MSME will be provided with

A Digital Identity for MSMEs that Represents a Valid Reputation (built from data from TOKOPOS)

Data to Create More Funding Opportunities (data from TOKOPOS)

Growth Opportunities for MSMEs by Bringing Business Partnerships using Konekto (will be launched by end of May)

Repeat business (Loyalty point from my T Wallet)

All of these are free of charge.

how?

We are not running an escrow business/market place, where we will hold the money businesses customers are paying for the goods and services and take some commission.

. This current practise is milking businesses’ cash flow hard. With their fund being held, MSME won’t be able to use the fund to buy inventory and their business is not getting well-off but worse.

We will allow the buyer to make payment to businesses directly first so no fund is held, MSME will be able to get the fund immediately and reinvest the funds to their business immediately.

Avaliable at :

IOS: https://apps.apple.com/us/app/tokopos/id1489462798

and Android: https://play.google.com/store/apps/details?id=com.tokoin.pointofsale&hl=en_AU&gl=US

Tokoin Ecosystems are TOKOPOS, Konekto, My T Wallet, and more to be announced.

Gold Rocket | Satoshi Club: You have very ambitious goals!

pokat: Konekto was launched last week

D. Папа Роуч: oh nice, you are available on both ios and android 👌

Gold Rocket | Satoshi Club: Thanks for sharing! @Cool_as_Ice  you have to try it😉

pokat: https://play.google.com/store/apps/details?id=com.tokoin.tokobook&hl=en_US&gl=US

D. Папа Роуч: cool! more people need to try this app 😊

pokat: Konekto is in IOS too

Gold Rocket | Satoshi Club: I want to ask. you have such a huge amount of work! please tell us about the team who helps to implement all this🚀 Who is on the project team core?

pokat: https://apps.apple.com/au/app/konekto-connecting-business/id1498802843

the team is in Vietnam

give me a mins

D. Папа Роуч: no problem

Gold Rocket | Satoshi Club: and the office in Jakarta?

pokat: Jakarta will be the BD

hub

Gold Rocket | Satoshi Club: good guys! 😍😁

D. Папа Роуч: nice! i see you guys are public not anons 😁😉

pokat: nope

we are real from day 1

D. Папа Роуч: 👍 thank you for the detailed answers! ready for the next question? 😊

Gold Rocket | Satoshi Club: it is worthy of respect👍

pokat: not worthy to be honest

we are not delivering as much value as we wanted

but I am proud of our team

and our faans

fans*

this is just a first step of the journey

D. Папа Роуч: but we are sure you will do everything as you planned in the near future 😊👍

pokat: we will try

we have the teaam now

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

pokat: Thanks for the time and support given to us. We are really blessed to have everyone here. I mean it, without all of you, there won’t be us. Our focus is to make Tokoin be a well-oiled machine, especially in technology and engineering. In 2019 Tokoin team was set up, with NO prize for guessing that 2020 was a tough year.

Just like a football team, we were preparing/training to be the best we can be, We were experimenting with development teams in multiple countries (built and close few R&D centers) and we have made the decision on where the R&D will be.

Hence in 2021, we were able to deliver apps such as TokoPOS, Konekto, T-Wallet. 2021 will be a year that we can reap the benefit of having a good team. We would really like to have TOKO being used as a mainstream exchange mechanism in purchasing services and goods in our ecosystem to help MSME.

We will be going back to basic and delivering the right solutions rather than being fast. We spent 2020 fixing the mistake made by prior misjudgment and mismanagement. We are in better shape in 2021 now.

sure

DEX in my T wallet is next

so TOKO coin can be traded to other tokens from inside the T wallet

or with some other way!

we are deciding on this

Q2 from Telegram user @Xusuo

Tokoin is a platform that establishes identity and reputation for MSME to access business solution, and I read that you have a digital wallet name with T Wallet. What user possible to do in T Wallet application? What are the different than other crypto wallet?

Gold Rocket | Satoshi Club: I am sure that you will be a great success!

pokat: perfect q

We are building a system to allow users to be rewarded with TOKO by cash reward. Cash reward will be given to a buyer for a purchase of goods and services in the TOKOIN ecosystem. Currently for an MSME register in Konekto, they will be given access to TOKOPOS. TOKOPOS will allow them to manage their business while having their own storefront.

remember the interaction between Konekto, TokoPOS and store front.

Wallet will interact with TOKOPOS and Store Front

We are developing a system to take payment in this storefront and rewarding the buyer with points. Reward points an be spent as payment for services/goods from MSME.

Gold Rocket | Satoshi Club: In which countries can I use this?

pokat: point that can be:

Redeemed into TOKOIN, so the token can be invested/staked/ converted into fiat via exchange.

Redeemed into something to get rebate/items.

Transfer the token to each other such as donating the point to schools, charity, and more.

D. Папа Роуч: are buyers getting TOKO tokens immediately after purchase was done?

pokat: Currently Indonesia

but we will expand to others

currently this is the next milestone for the tokopos and wallet

Gold Rocket | Satoshi Club: Perhaps Europe?

pokat: maybe

never sya never

say*

It is the first official digital wallet from Tokoin where you can store and transfer your TOKO token. Besides TOKO, you can also manage multiple cryptocurrencies including Bitcoin and Ethereum.

Check your balance, transaction history, and securely send and receive cryptocurrencies in this all-in-one crypto app!

Pony features include:

– Store Token

– Send Token

– Receive Token

– View Transaction History

– Add Multiple Wallets

– Event

– Program

Crypto Token includes TOKO, Bitcoin, Ethereum. And I forgot , there is BNB too.

We will be working on adding DEX into this.

Thanks for all of the feedback about My-T wallet. It is not a perfect product yet, and needs constant love from the developers. It is like a little child who is constantly learning. We are currently working on supporting TOKO in the BEP20 network to accompany ERC20 due to the high gas fee. We are in discussion with Kucoin to get both BEP20 and ERC20 of TOKO swapped easily. Please wait for more updates on DEX and more. We discussed these internally but we are not able to work on this right now, but this will be the next, so the TOKO token can be paired with another token instead via CEXes only.

However, We will be using My-T wallet as a place for users to use their points earned from the TOKOIN ecosystem.  The points can be

1. Redeemed into TOKOIN, so the token can be invested/staked/ converted into fiat via exchange.

2. Redeemed into something to get rebate/items.

3. Transfer the token to each other such as donating the point to schools, charity, and more.

4. More…

Avaliable at :

IOS : https://apps.apple.com/us/app/tokoin-my-t-wallet/id1489276175

Playstore: https://play.google.com/store/apps/details?id=com.tokoin.wallet&hl=en_AU&gl=US

D. Папа Роуч: so T Wallet only for storing TOKO tokens or it does support other cryptocurrencies as well?

pokat: currently BTC,ETH

BNB

we are adding TOKO (BEP20)

to help with the extravagant gas fee of ETH

D. Папа Роуч: gotcha!

Gold Rocket | Satoshi Club: Thank you very much for your answers! Ready for the next question?

pokat: we are flooded with daily request from use

about failing transaction due to low eth gas fee

hence we are working hard to add BEP20 version into it

sure

D. Папа Роуч:

yeah that’s a common problem nowadays 😄

Q3 from Telegram user @victorogb

A couple of days back, Tokion announced an event called the “Forgive Me Body and Soul Program” as a means of last resort for holders to exchange their old TOKO tokens to the new ones. Such swap or token exchange programmes, raises the question of project security especially among potential investors. Therefore, why was it necessary for Tokion to issue a new set of TOKO tokens? Also, as part of the programme, Tokion would only exchange as much as 50% of a holder’s old tokens to the new ones. Why would the swap be limited to only 50% of a user’s old TOKO holdings, and what are the requirements to carrying out this swap?

pokat: This is not so fun question

haha

This is due to the previous incident with Kucoin.

token was stolen from kucoin

We invalidated all of the old tokens from the old Smart Contract to make sure Hacker cant use them

D. Папа Роуч: ohh got it, this is why you conducting a token swap

pokat: We worked closely with community for this swap

i guess we are communicating with users for few months

we know the hackers address

so we can reject it

Gold Rocket | Satoshi Club: Oh! It’s so pity 😳

pokat: however

some users forgot to swap their old tokens

despite our effort to remind them

so we are left with constant request to help them swap their token

this is like opening a can of worms

it will be hard for us to know

the real userrs or thieves

hence we are only allowing 50%

it has been a while

so while we want to make erveyone happy

we cant afoord to do thta

if we focus to swap all fogotten tokens

D. Папа Роуч: so users still can swap their old tokens? so there is a some deadline after that swap would not be available anymore?

pokat: we wont be able to focus in developing new products/services

and current investors will be neglected

ya, however I am not sure

if the deadline has passed or not

i believe it has

so yeah

sorry for some real users who forgot to swap again

D. Папа Роуч: okay, gotcha! thank you for answer and info, i know token swap to a new contract is a always not an easy thing to manage

ready for the next question?

Gold Rocket | Satoshi Club: thanks for the answer😊

D. Папа Роуч: we will proceed to the next question then 😉

Q4 from Telegram user @belkysgonzalez

On your website you mention that the $TOKO token will be entering the BSC blockchain. Why did you take this decision? Are there aspects of $TOKO that you think will improve with this migration? You even published a BSC roadmap for may and early june, so is this conversion already being executed?

pokat: OMG

i cant see the question

until i refresh

so sorry

D. Папа Роуч: probably some issues on telegram side

pokat: We are working on this. We are working on moving our ERC20 token features into BEP. We will have the SWAP system ready soon on our wallet, so our users should not be spending heaps amount of money for just a gas fee.

it will be released soon

some issue are still being worked on

D. Папа Роуч: what about other blockchains? are you looking to connect TOKO with chains like solana or polkadot?

pokat: they are interesting

but we will take it a step at a time

i would like to refocus our effort

to build a system to help MSME

D. Папа Роуч: good approach 👍

pokat: and also getting more r&D in blockchain

need to be balances

else

we will just be another hype company

Gold Rocket | Satoshi Club: Sounds good👍

throwing all those cool shining blockchain train

without real value to users

D. Папа Роуч: yeah i know what a you talking about 😉lots of projects now want to integrate as more chains as they can, without real value and reasons

Gold Rocket | Satoshi Club: Thanks for the answer! ready for the next question?😊

pokat: yes

they might know something we dont

or we know something they dont

lol

but i believe this is the approach to the moon

Q5 from Telegram user @Ruttiee

Data is key for a business to get sponsors or investors and most MSMEs store years of business data in hardcopy format, when such businesses register on Tokion Ecosystem,how will their data be migrated to the Tokion Ecosystem?Are there security measures in place to keep MSMEs data safe and secure during data migration and afterwards?

pokat: thanks

while We love to have as many data as we can

but…

every old data imported

will have their own quirk

format

pattern

every data need to be cleaned

corrected

and this is a massive effort

We won’t migrate their current data, there will be too many permutations (aka efforts)  to be worked on by our team, hence the data will be obtained from TOKOPOS (new data).

too many data entry

data massaging

so, data will be coming only from TOKOPOS in the format we understand

Yes. It will be secure to our best effort and audited frequently.

We worked contsantly

with our new Advisor

Johnny CEO of Kucoin

who has experienced security exploit

he owned the issue, apologized to community

D. Папа Роуч: that’s cool! i have read on your medium about this today 👍

pokat: face them

and learn from them

we are learning from him!

Johnny will be invaluable advisor to us

Gold Rocket | Satoshi Club: this is a great mutually beneficial coloboration! 👍

pokat: yeah

it takes avengers to beat thanos

lol

Gold Rocket | Satoshi Club: Thanks for great answers

pokat: unless u r star lord

lol

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

pokat: sure

D. Папа Роуч: the last question from part 1

Q6 from Telegram user @kimterbear

I read on your roadmap about the CassMed. Considering today’s pandemic, how do you think the launch of CassMed will serve as a helping hand to our medical institutions and frontliners to have a secure medical record? On quarter 3, you mentioned CassMed again and its expansion. What particular institutions will be Tokoin’s beneficiaries? Will you be able to partner with medical institutions around the world?

Gold Rocket | Satoshi Club: Absolutely😉

pokat: Healthcare is a huge concentration around the world however Tokoin is taking extra careful on the development side,to re-prioritize our roadmap,there will be more updates coming.

https://neoclinic.id/ is interesting though

we were discussing with Neo Clinic

D. Папа Роуч: nice! what will be your future plans by the way? which areas you will explore in 2021?

you can share your roadmap with us?

pokat: please look forward to our updated white paper soon

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Derazy

One of Tokoin Ecosystem is My T Wallet which is caught my attention for the great features. Do we need KYC for account? Or what do we need to prepare to open an account at T Wallet?

pokat: yes

Q2 from Telegram User @Karoceh

I see that the Tokoin team comes from Vietnam, but why does the reward point system for storefronts only apply in Indonesia? Will we see a storefront in Vietnam or another country?

pokat: we are working with the market we are familiar first

Q3 from Telegram User @ngunyenkangacengraisomeneng

And is TOKOIN planning to burn / buy back the tokens? To increase the selling and trading value of your Tokens?

pokat: yes, we did

Q4 from Telegram User @Pokerlight

🚀 I just realized that Mainly Tokoin offer its services to Indonesia, so have you considered expand to more countries and create local communities?

pokat: yes, all developing countries

Q5 from Telegram User @RamonPila25

At the health and economic level, many Latin American countries are currently considerably behind other countries.  Do you think your ecosystem would be applicable in LATAM countries?

pokat: yes, through partnership

Q6 from Telegram User @JoanaZ

➡️One of the criteria designs of Tokoin is reduced the high barriers of funding, so that means that your Target market are small businesses?

pokat: all business who are out of touch with technology hence they do not have score of the business.

Q7 from Telegram User @drfatimakhalid

PARTNERSHIP & COLLABORATIONS are the backbone in making every project more widespread. Can you list some of ur partners with us?

Pokat: We are talking with a few, we will be announcing when we are signing the dots. So far we have explore talking with other companies

Energy industry

Credit Card companies

Vending machines

Gaming companies

B2B marketplaces

Government agencies

Exchanges

More

Q8 from Telegram User @KASG95

You mention that Tokoin becomes the solution to the problem for companies, but what “problems” are you really referring to? These problems can only be solved with Tokoin? or only you provide better efficiency?

pokat: not really, the problem we are solving are not new. They require education of users/companies hence this is hard.

Q9 from Telegram User @Razor2vnz

Bitcoin and ethereum are already accepted as a payment method in many places, but they are rarely used, what is the proposal of Tokoin to encourage TOKO as a practical, real and attractive payment method?

pokat: by making point system that can be used as medium of payment. These point can be redeemed into toko too.

Q10 from Telegram User @doithay1617

🙋‍♂️   Hello @juspokat !

In roadmap 2021, in Q3 I saw  Konekto and TokoPos expansion to Vietnam, is it real? (I come from Vietnam) And how does Tokoin plan to expand globally?

pokat: unfortunately not yet, but our team in Vietnam is excited.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Tokoin. 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:

Tokoin Website – tokoin.io
Tokoin Telegram – @TokoinGlobal

We were delighted to welcome our guest from PolkaPlay. The AMA took place on May 22nd, 2021 and our guests were @Sugneshpatel and @dzenkbe.

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

Gold Rocket | Satoshi Club: Hello again, dear community!We conclude our today’s AMA marathon series with PolkaPlay. 👋

Gold Rocket | Satoshi Club: Today our guests are @Sugneshpatel and @dzenkbe!

Dzianis | Will Never PM you first!: Thank you for having us! Glad to be part of this community! 😃

Andrés M. | Satoshi Club: Another great project to end our AMArathon. @dzenkbe and @Sugneshpatel welcome to Satoshi Club

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

Sug: Hi @GoldRocket27 thanks so much for having us. Glad to be here 🙂

Gold Rocket | Satoshi Club: How are you doing, guys?

Andrés M. | Satoshi Club: How is going your day guys, how are you dealing with the current market?😬

Sug: Thanks @AndresM77 we are doing great. Hanging in there lol

Dzianis | Will Never PM you first!: $HODL 😅

Sug: the market has been a little shaky for sure. HODL is the goal 😎

Gold Rocket | Satoshi Club: Let’s start!Introduce yourself please. How did you get to be involved in crypto and PolkaPlay? Tell us please also about yourself and your position in PolkaPlay.

Sug: Sure, Im the CEO at Polkaplay and I have extensive experience in IT & software development with strong Knowledge of business Architecture.

I have helped multiple fortune 500 companies in building high performing software development teams that deliver quality software applications in an iterative manner following scrum & agile methodologies.

My crypto journey started in 2017 while working in NYC and attending different crypto meet ups while networking with some very knowledgeable people within the space ✅

Andrés M. | Satoshi Club: Great background

Dzianis | Will Never PM you first!: Myself,  with my knowledge and experience in business management and marketing from Odisee, I have also been fortunate enough to take part in the growing industry of equity markets and crypto and specifically partake the role of CMO in PolkaPlay.

Gold Rocket | Satoshi Club: great experience! What is the essence of PolkaPlay?

Dzianis | Will Never PM you first!: Polkaplay is a unique platform where users can create images, short videos, and NFTs seamlessly while earning rewards.

An NFT marketplace for creators and users that offers advanced features like, Rewards Hub, Staking and more to the users for an amazing user experience.

Gold Rocket | Satoshi Club: Tell us about the benefits of your platform. How is it different from others?

Sug: Other NFT focused projects are mainly focusing on artist collabs and collection drops, or they are simply just marketplaces at the moment. Polkaplay offers both with additional social media aspects where users can just choose to share content and explore the platform or they can actually use the platform to mint their content as NFTs. While all the other platforms charge some gas fees for minting NFTs we plan to offer gassless minting on our platform with the help of our ecosystem partners polkafoundry and polkadot blockchain.

Andrés M. | Satoshi Club: have you created your own NFTs?

Sug: Our Genesis NFT drop will be announced shortly after our launch.

Dzianis | Will Never PM you first!: We are currently in the process of releasing a custom collection of PolkaPlay NFTs.

Sug: so it’s coming up soon 🙌

Andrés M. | Satoshi Club: Who are your designers?

Gold Rocket | Satoshi Club: this is a very exciting moment😻

Sug: In house team for the genesis drop, but as the BETA lauch is announced. we will onboard more creators that users can get excited about

Andrés M. | Satoshi Club: Great news, we will be waiting to know more about it. 😃

Gold Rocket | Satoshi Club: How long does it take to develop a project?

Sug: We already have our MVP app on Polkaplay.io but yeah, it will take a lot more effort to build the final product

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

Sug: we are continuing iterative development and will launc our BETA app in July.

Andrés M. | Satoshi Club: Well, we have collected some community questions for you, let’s learn more about the project trough them. Are you ready to go?

Dzianis | Will Never PM you first!: Forsure!

Sug: So the core team has me and Dzianis as we introd ourselves. we also have Sohrab our Dev lead. He is also the Founder at Wisemonkeys, Co-founder and CTO at iDigitize Infotech LLP, a Visiting Professor, & the Product/Dev lead at PolkaPlay.

Gold Rocket | Satoshi Club: Nice to meet you, guys😁

Sug: Sohrab is also a “professor by profession & a traveler by passion” and has taught technical subjects to 10,000+ students, published 8 books and 4 research papers in Internation Scientific Journals.

Q1 from Telegram User @yellowchamp

With Polkaplay, creators will be able to do exclusive drops for their fans and scale effectively.They can list their NFTs on the marketplace seamlessly. Creators can share content across many platforms to engage fans and more. How to become creator in your platform? What are the example of exclusive drops that fans can get from the creators? How will the fans will have a chance to be connected with their favorite creators? Thank you

Sug: It’s super easy to sign up and become a creator. You can use google sign on or create a profile using sign up.The platform will be very simple to use and our Mission at Polkaplay is to offer seamless platform where user can convert their content to NFTs.

Creators can choose to release limited art, pics, music and release it to small group of their followers first. Users staking or willing to pay creators in POLO tokens will have benefits of early access to this content ✅

Gold Rocket | Satoshi Club: it’s convenient for everyone👍

Andrés M. | Satoshi Club: It will be easy even for non crypto users?

Dzianis | Will Never PM you first!: Most definitely!

Sug: Absolutely, we have positined ourselves as a gateway from Web2 to Web3 so its very important for us to keep the user experience for non crypto users as simple as possible. ease of access will be our top priority 😎

Andrés M. | Satoshi Club: So, what are the use cases of $POLO?

Sug: POLO will have multiple use cases in polkaplay ecosystem. Here’s a great medium post that i encourage all the users to read with highlights our use cases and token metrics

https://medium.com/polkaplay/polkaplays-tokenomics-an-overview-of-polo-token-f36ad4071787

Gold Rocket | Satoshi Club: and I just wanted to ask about tokenomics😁👍. Great answers! Ready to proceed to the next question?

Andrés M. | Satoshi Club: So detailed, thank you😃

Sug: haha, killed 2 birds one stone 😎 sure 👍

Andrés M. | Satoshi Club: Haha well done

Q2 from Telegram User @Brainchest

How is the network built? Do I have to pay for CPU, RAM, NETWORK?

Is there a limit to the memory size of the content I create?

If yes, how many mb maximum size?

Are there any moral limits? Porn, Cruelty. If there is a limit, how is the decision to remove content made?

Gold Rocket | Satoshi Club: a question from the artist 😁👨‍🎨

Sug: No users dont have to pay for anything. We are working with decentralized storage and bandwidth providers to make is as price efficient as possible. We will keep the limits to pics and 30 sec short videos to start with and then update as user demand grows.

Gold Rocket | Satoshi Club: Good news😉

Dzianis | Will Never PM you first!: PolkaPlay platform is free to use for anyone and from from anywhere, as well has no restrictions on the content. Nevertheless we encourage users to follow basic guidelines and respect the community, as well as restrain from using copyrighted material, which can be solved with digital signatures.

Andrés M. | Satoshi Club: How do you check the copyright topics?

Sug: We have a copyright system in place which uses content ID matching

Dzianis | Will Never PM you first!: This is also where digital signatures come in place allowing users to verify the original content.

Gold Rocket | Satoshi Club: Thanks for your answers! Ready for the next question?🚀

Dzianis | Will Never PM you first!: We are currently in the process of testing it.

Andrés M. | Satoshi Club: Great, that’s important

Dzianis | Will Never PM you first!: 💯

Q3 from Telegram User @Highpee

One way to encourage more users interaction with platforms is to have a simplified click-to-solve solution that do not require much technicalities. If I wish to tokenise a social content into NFTs, how has polkaplay simplify this and what are the step by step procedure to follow? And since users can only mint 1 free NFT in 24 hours, what additional fees will it cost if a user wishes to mint more than one within 24 hours? Will these NFTs only be available to your marketplace and platform users alone or can users share their creation to their followers on other Web 2 social sites such as Instagram, Facebook, twitter and others?

Sug: It will work in simple steps so it’s convenient for non tech users as well

– Take a pic/video or upload your content on Polkaplay platform and

– Hold 100 POLO tokens in your wallet so you can mint your content to NFT.

– Click on sell and list it on our marketplace.

Andrés M. | Satoshi Club: Where can we buy POLO tokens?🤔

Sug: On Pancake swap upon the IDO, we are also working with some CEX exchanges. also, we will reward some POLO to new users upon signup so they can enjoy using our platform.

Dzianis | Will Never PM you first!: User will also be able to list their NFTs between third party platform such as Opensea. Which we are currently working on.

Andrés M. | Satoshi Club: When IDO and how to be part of?

Sug: We are planning to IDO in June first week and currently finalizing launchpads.

Gold Rocket | Satoshi Club: Can you share your favorites NFT with us 🙂

Sug: will be sharing the participation ann soon

Andrés M. | Satoshi Club: Thanks, don’t forget to share the announcements with us

Sug: Yes, Hashmasks and cryptopunks handsdown. i really like how the hashmasks emit NCT token for holding the NFTs in your wallet. its like it pays for it self over the time.

Gold Rocket | Satoshi Club: crypto punks are the hit of this crypto season😁

Sug: forsure they are, its just the start. Many more good NFT drops and creators will come out this space

Gold Rocket | Satoshi Club: Are you ready for the next question?😉

Sug: this is just the beginning

Q4 from Telegram User @Jonahapagu

Some of the advanced features Polkaplay will be offering it’s users includes “Rewards hub” which will enables users to track and redeem the tokens earned and “$POLO staking”, can you explain how the rewards hub will work, how will users track their earned tokens using it, and apart from tracking rewards does it offer any other function. How will $POLO staking work, and how will users be able to participate in both the rewards hub and $Polo staking.

Dzianis | Will Never PM you first!: Staking POLO will allow users to participate in exclusive NFT drops from our collection & creators. Users can also participate in platform governance and earn returns from entry/exit fees. Staking vault will have 1% entry and 10% exit fee on each transaction. These fees will be redistributed to staking, farming, rewards, and marketing funds.As mentioned before, users will be able to mint 1 FREE NFT. However for those active users who intend to mint more than 1 NFTs in 24 hours would have to hold 100 $POLO tokens on their balance. Rewards Hub will enable users to track and redeem their earned tokens without any hassle.

Andrés M. | Satoshi Club: What is the minimum amount of tokens needed for staking?

Gold Rocket | Satoshi Club: these are good conditions for users

Andrés M. | Satoshi Club: 100 $POLO, right😅

Sug: Yes, correct

Andrés M. | Satoshi Club: And for long term holders what are the major benefits that you offer?

Sug: Long term holders will have full access to all the features on Polkaplay. They also be able to upgrade thier profiles, boost thier visiblity, sopnsor ads for more engagement, and become verified users as well depending on the profile status.

Gold Rocket | Satoshi Club: Thanks for the answer! Ready for the next question?🚀

Sug: Sure, let’s do it.

Q5 from Telegram User @lzamg

PolkaPlay basically works like a social media platform where creators can monetize their art. But with platforms like YouTube or Instagram where people can make enough money to live, how do you plan to attract users to feature their art on your platform? Do you expect PolkaPlay to grow to the point that it becomes a competitor of these big social media platforms?

Dzianis | Will Never PM you first!: Platforms such as Twitter, Instagram and YouTube still don’t have an integrated NFT marketplace, which gives us an opportunity to funnel skilled artists/influencers and provide them with every tool to monetize their talent seamlessly.

Dzianis | Will Never PM you first!: It would be incorrect to promise that all users will be able to substitute it with their job and earn a living from it. Nevertheless it will be a good source of additional income for active/creative users.

Andrés M. | Satoshi Club: Are you planning to launch your own Mobile app in the future?

Sug: Yes towards the end of the year. We should have both iOS and Android

We have all the milestones on our roadmap 🙂

Andrés M. | Satoshi Club: @GoldRocket27 do you have more questions?

Gold Rocket | Satoshi Club: Everything is clear to me👍

Andrés M. | Satoshi Club: What ir the major event for Polkaplay coming for this year?

Sug: IDO, Web app BETA launch, our genesis NFT drop and then our mobile App launch are some of the events we are really excited about and looking forward to this year.

Gold Rocket | Satoshi Club: Amazing🎉

Dzianis | Will Never PM you first!: For any other events feel free to check out our announcement page https://t.me/Polkaplayio

Sug: Also, we will have some exciting partnerships and collab news we will be sharing soon. So we have lot to be exctied about 😎

Andrés M. | Satoshi Club: Congratulations🥳

Gold Rocket | Satoshi Club: Look forward to🙏 Pay attention! Satoshi Clubbers😉

Sug: Awesome guys, thanks so much for taking the time. It’ been a great discussion!!

Andrés M. | Satoshi Club: Let’s proceed with our final question of this part of the AMA😃

Q6 from Telegram User @NataliyaKil

The Moon Mission Community drop runs until May 26. We need to complete the tasks on gleam to win. As a reward, 50 lucky participants get $ 30 worth of $ POLO each at the Public Sale price. I completed all the tasks, but this is only 4 points. Is there a way to get more points and increase your chances of winning? How will the winners be selected, will it be random? And how do you contact the winners, will their names be tweeted with the results of the drop, or will you contact everyone personally?

Dzianis | Will Never PM you first!: The winners will be chosen 100% randomly creating an equal opportunity for everyone to obtain $POLO tokens at the presale price. Once the winners will be selected we will make an announcement with a list of winners and ask them to contact us if they see themselves on the list. If certain winners will not show up, we will contact them directly to make sure they claim their winnings.

Andrés M. | Satoshi Club: Any approximated date to know the winners?

Dzianis | Will Never PM you first!: May 26, 11:59 PM UTC will be the end of the event

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Steffiiigray5

You said earlier that Polkaplay is planning to do IDO, with this in mind how do you prevent malicious users or scammers from trying to use your platform?

Dzianis | Will Never PM you first!: In case certain users will be reported on PolkPlay as ‘scammers’ or ‘malicious users’ we will take an appropriate action. Additionally ID verification will be in place.

Q2 from Telegram User @surendra040

One of the main feature of PolkaPlay is it allows content creators to cash in on their talent. How can a  NFT artist  join Polkaplay for it ? Are there any requirements for like hodling  $POLO?

Sug: It’s free to join the platform and share your content. Users can also mint one free NFT in 24hours. They can mint more NFTs in they hold at least 100 POLO tokens and this to prevent spam on the platform.

Q3 from Telegram User @Brainchest

Will there be protection against copied, non-original NFTs?

Dzianis | Will Never PM you first!: To safeguard our users and creators we will encourage owners of digital items such as: short videos, images and other digital media pieces, to create unique signatures. Each digital asset will contain a unit of data which will represent the asset for which the signature is being created by the creator. Such units cannot be altered and are stored on blockchain, giving the creator a set of exclusive rights and serve as a proof of ownership.

Q4 from Telegram User @Shaa93

Hello @Sugneshpatel and @dzenkbe !!

Does PolkaPlay have Airdrops or contests to get people’s attention?

Dzianis | Will Never PM you first!: 🤑 The Moon Mission Community drop is now LIVE! $1500 worth of POLO tokens at Public Sale price is up for grab.

💥 Introducing the all-new and exciting Community Airdrop contest in celebration of our upcoming IDO.

🏆 All you need to do is simply complete the tasks on gleam to win. As rewards, 50 lucky participants get $30 worth of $POLO each at Public Sale price.

https://gleam.io/competitions/RkqyW-polkaplay-moon-mission-community-drop

📌 Ends on May 26, 11:59 PM UTC

Q5 from Telegram User @Denybela

Can you talk a little about your main features?

Sug: We offer features like rewards hub, gassless minting, staking for users, and NFTs for effective monetization.

Q6 from Telegram User @Adheera45

What are the marketing strategies of your project? What will you do so that your project will be visible in crypto field and people come to explore your project

Dzianis | Will Never PM you first!: Part of our marketing campaign involves reaching out to reputable influencers who have built a dedicated social following base and are viewed as experts within the crypto niche to spread awareness. Additionally, platforms such as Twitter and Instagram still don’t have an integrated NFT marketplace, which gives us an opportunity to funnel skilled artists/influencers and provide them with every tool to monetize their talent seamlessly.

Q7 from Telegram User @centoscu

Why did you limit users to create 30 sec short videos? In the future can you increase the limit?

Sug: Yes as i said, we will start with short videos and then will increase the limit as platfrom grows. It is versy important to start with the basics and then study the trend, and enhance as we go.

Q8 from Telegram User @PyaraLarka

How to buy $POLO coin please give me links

Dzianis | Will Never PM you first!: We will be announcing all the details about $POLO coin IDO on our announcement page  . Stay Tuned! 😃

Q9 from Telegram User @Lucky_001

What are the marketing strategies of $POLO project? What will you do so that your project will be visible in crypto field and people come to explore your project

Sug: Through partnerships and co-marketing we believe we can bring great visibility to our platform. Also, we plan to incentivize our early adaptors to refer and help drive growth.

Q10 from Telegram User @cindy_crypto

How many tokens do I need for being able to create NFT’s on your ecosystem?

Dzianis | Will Never PM you first!: You will be able to mint 1 NFT for free in the span of 24 hours however for extra minting of 2 or more you would need to have 100 $POLO tokens on your balance.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of PolkaPlay. 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:

PolkaPlay Website – polkaplay.io
PolkaPlay Telegram – @polkaplay

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 Defi 11 and our guests were @guptaritam and @tushant77. The AMA took place on 21 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 Defi 11! Welcome to Satoshi Club😀

Mihai Pisica: Hello Satoshiers and DeFiers! Another sunny day outside and indeed in Satoshi Club! Welcome everyone to our AMA with our friends from DEFI11!

Our today guest will be @guptaritam and @tushant77

Welcome in Satoshi Club guys

@guptaritam is Ritam Gupta, the CEO & Co-Founder of DeFi11

Ritam Gupta: Hi Everyone,

Glad to be here 🙂

Mary | Satoshi Club: Welcome here 👍

How are you today?😉

Ritam Gupta: Absolutely good!

How are you?

Mary | Satoshi Club: I am fine thanks!

Let’s start our AMA?🚀

Ritam Gupta: Sure, excited 🙂

Mary | Satoshi Club: Could you please introduce yourself and tell us more about Defi 11?

Ritam Gupta: Sure

So, I am the founder and CEO of DeFi11.

Just to give you a quick brief about myself, I come from a software dev background, being working in the BC domain for almost 7 years now.

Started as a blockchain developer, went into consulting and then eventually landed into business! Worked with few blockchain tech giants as well in past – Deloitte EMEA Blockchain Lab, Bharti Airtel, etc.

Some fellows call me Blockchain and Bun 😀

Mary | Satoshi Club: Awesome experience 👍

How old is Defi 11? What is main concept behind it?

Ritam Gupta: While just to define DeFi11 in the most precise way, I will say that it is a defi powered Gaming Ecosystem involving various different modules like fantasy sports, NFT Hybrid World simulation, P2P predictions, Betting, etc

Well the idea conceptualisation almost longs back to 6 months, but the full force action began this February!

Mary | Satoshi Club: Very interesting! Gaming is very popular now, it’s really on fire in crypto!

Mihai Pisica: From where “Bun” does it come? 😁

Ritam Gupta:

Here comes the Bun 😀

That’s me :0

Mihai Pisica: i like this concept. Do you want to go deeper into presenting your project?

Ritam Gupta: Sure

Mihai Pisica: Ok, let’s start the Party here )

Q1 from Telegram User @Highpee

Your project is Defi 11 and I read that you intend to release 11 different sets of games. I can see that you already have Indian Cricket Series (IPL2021) as part of the games that are currently onboarded onto the platform. What does the 11 in your project name represent and why will the games that you will be projecting only limited to 11? What are the consideration you look at when adding games onto the platform and will it be possible for community to have a say on the type of sport that should feature? How are your contents designed to provide an immersive user experience for both passionate gamers and reward seekers?

Ritam Gupta: Oh well, that’s a detailed research about the project. I am impressed.

To answer this

We will bring in 11 unique games all together in the ecosystem.

Regarding the sports, we keep this decision with the community – they choose and vote.

DeFi 11 is the world’s first completely decentralised gaming ecosystem that is totally community owned. Governed by the community and operated by the community

Right now we are operating with Cricket and Football, while eventually we will let the community decide what new sports to add in

using their governance tokens

done

Mary | Satoshi Club: What is you interest in developing this platform?😉

Mihai Pisica: Do you have a vote system? I mean is there a mechanism that influence the vote on the base of how many tokens the Hodlers have in his propriety?

Mary | Satoshi Club: I mean if you will fully give it in governance to the community?

Ritam Gupta: Yes, there will soon be an addition of a governance token in the system. and the entire ecosystem will be working as a decentralised network. So, governance token holders will be able to vote for the system.

These  governance token distribution will be based on many strategies

like

who holds the most tokens, who lives longest in the ecosystem, etc

Mary | Satoshi Club: Sure, you will make it as honest as it is possible!

Mihai Pisica: And fairness as possible )

Ritam Gupta: YES, indeed!

Mary | Satoshi Club: Thank you for your answers, Ritam!

Q2 from Telegram User @meml97

It caught my attention that while taking a look at your roadmap, I saw that you have plans of releasing “Virtual World Beta”, could you tell us more about this? On what will this virtual world be based on and what will it’s main function be? What will it offer to users that will make it appealing to them?

Ritam Gupta: NFT Virtual World is the next thing coming in soon. Its literally huge and never seen before!

It is a complete hybrid world combining virtuality and reality!

Precisely it is a playground for gamers using thier NFTs

Everyone gets to own the NFTs for their favourite athletes and play different sports using the NFTs and obviously other NFT advantages linked to it as well like they can trade, stake, etc

So, entire meta verse

of NFTs

Mihai Pisica: Who is designer of your NFTs? Can you show some with our Community?

Mary | Satoshi Club: Will your NFTs be upgradeable?

Ritam Gupta: The first exclusive set of our NFTs will be out soon

we will choose to keep few surprises for the users

and disclose them as when the time comes

till then stay tuned to our TG @defi_11

🙂

Mihai Pisica: Please share them with us asap, we would like to be the first who see them 🤩

Ritam Gupta: We will do some exclusive NFT drops to your group, My words 🙂

Mihai Pisica: We have your word here, no way to escape 😀

Ritam Gupta: Haha, not escaping for sure!

Q3 from Telegram user @cryptofollower

I see you are launching your Beta App on 9 June 2021, 01:00 PM IST. May I suggest you to launch it at 11 June, to be catchy and not forgettable? What will be the features on your beta application? Also there are a version on your website for android uploaded to google drive. Why does it say copy and save your private key before updating the App? Are there a bug that’s resetting the wallet?

Ritam Gupta: I might also need to jump onto a different call, so important that I cannot really defer that.

I have @tushant77 taking it forward from here

I would convey my extreme regards to the entire community here, however small, but I enjoyed the interaction here. Happy to answer any questions anytime, here are my personal social links, feel free to drop in a Hi to me 😛  

Twitter (https://twitter.com/ritamg123) | LinkedIn (https://www.linkedin.com/in/ritamgupta)

Mihai Pisica: Ok Ritam. Have a nice day, wish you succes!

Welcome to our Ama @tushant77

Mary | Satoshi Club: It was a pleasure to e-meet you 👍

Ritam Gupta: Likewise 🙂

Btw, I feel I can answer this question before leaving

Mary | Satoshi Club: Sure!

Ritam Gupta: Let me take it then

Mihai Pisica: No problem Ritam, take your time )

Tushant Suneja: Hi All. Hope you all liked it with Ritam!

I will be continuing from here on behalf of @defi_11

Ritam Gupta: Pretty creative suggestion, we will make it 11th June then upon your suggestion 🙂

See the website, we just changed it now !

Mary | Satoshi Club: Yes, we enjoyed our conversation 👍

Mihai Pisica:🚀

Tushant Suneja:To give you all a brief introduction . I am Tushant Suneja, Operations Manager @defi_11

Mihai Pisica: Great! Nice to see that our community can influence projects ideas 🙃

Mary | Satoshi Club: Are you with Defi 11 from the very beginning?

Tushant Suneja: Yes!

Who would miss such an opportunity 😁

Mary | Satoshi Club: Ahaha, we definitely wouldn’t 😉

Tushant Suneja: I am myself a gaming maniac and with Decentralization. It’s even more fun!

Mary | Satoshi Club: Than you are in the right place! Crypto all is about decentralisation!

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

Tushant Suneja: Yes

Mihai Pisica: I think there are something to be answered here 😁

Tushant Suneja: Yes , please!

Mihai Pisica: “What will be the features on your beta application? Also there are a version on your website for android uploaded to google drive. Why does it say copy and save your private key before updating the App? Are there a bug that’s resetting the wallet?”

This is our user’s question here )

Tushant Suneja: Features of Beta Version would consist of :

1.) Referral System

2.) Bounty program

3.) Reward System

4.) Wallet integration

5.) Some Major UI changes.

And some more features that are in testing phase.

As being a Decentralized Application we dont take any of the users data and being non custodial we don’t even keep the private key of users with us . Plus all our transactions are public. So everyone can view it.

So saving Private key is like saving your unique identity . So that you can login into your wallet in any case something happens with your app or phone.

With your private key you can login back into your account

Mihai Pisica: Can you share with us some of Bounty program and Referral System details? Maybe shortly

Mary | Satoshi Club: To be honest i used a lot of dapps and no one of them asked me to save pk

Tushant Suneja: It’s important or how would you login back into your account when your device is broken  or anything happens with your ap😀

Bounty program would be rewarding users who could find bugs in our app . We are planning to make our GitHub public so that even more bugs could be found .

As for the referral programme , it would be similar as to the most of the Referral’s where you could earn D11 tokens as reward points

Mihai Pisica: Cool that! A nice incentivize for the community to get into the project efficiency

Mary | Satoshi Club: Do you have to add something @MihaiPisica @tushant77 or we can go to the next question?

Mihai Pisica: Everything’s clear for me. Would you want to proceed to the next question?

Tushant Suneja: Yes, we can!

Q4 from Telegram user @Arisabela

DEFI11 will definitely enter the world of NFTs with its own Marketplace, my question is will it be possible to access the market through the same App? Will it be a feature that we will see in your beta app that will be released soon?

Tushant Suneja:

 

Here’s our Roadmap for all the users who are inquisitive about the addition of new features to our App. Currently we have completed all the items of our Q2,2021 and even trying to take one item of the next quarter and doing it in this quarter!

Plus each quarter there will be Community voting to check what our community needs us to do. So that we could plan that also .

Maybe if we complete our Q3 targets on time NFT marketplace would be released a  bit earlier than planned!

Let’s see will put this question in the community voting for the next quarter

Mary | Satoshi Club: So, with your App we will get access to NFT marketplace through the same app?

Tushant Suneja: All features would be integrated within the same Move  Application and everything would be so easy jand controlled in a super easy way via a click

Yes

Mary | Satoshi Club: I think your community will be happy to see your marketplace done earlier! But my next question will be about your app security

What about it?

Tushant Suneja:

All these features would be included !

So it would be Fantasy Gaming Ecosystem !!

Mary | Satoshi Club: Looks good!👍

Tushant Suneja: Where the use cases of $D11 token would be unlimited!!!

Mary | Satoshi Club: Awesome!

So, what about security?😉

Tushant Suneja: As for security we have a QA team working on the code and finding loopholes. Apart from that Third party audits are being Performed with various renowned companies that have prior experience in this domain.

Plus Bounty Hunter programme would help us even more.

The Alpha version of the App just closed a few days back and list of all the feedbacks were evaluated accordingly.

Proper testing procedures are followed. So that our customers would get a product that they can rely on!

Mary | Satoshi Club: Can you share your third party audit reports with us? our users like to read them!😀

Tushant Suneja: Sure. They will be live soon along with our beta Application .

Mary | Satoshi Club: Gotcha!

Thank you for your answers!

Mihai Pisica: Got you! For me are clear all this aspect ) Are there anything you want to add for our community regardind these points or we able to move further?

Tushant Suneja: For that you can stay tuned to our channels

Telegram Channel: @defi_11

Twitter:www.twitter.com/defi_11

Mihai Pisica: We will do it 👍

Tushant Suneja: Also, our new website would be up in withing a week or so

Stay tuned many big surprises and rewards coming soon

www.defieleven.com

Mihai Pisica: Feel free to share all these news here with us )

Tushant Suneja: For all those who wanna know what are our Social media handles:

https://linktr.ee/DeFi11

I wanna it’s just I wanna make it official and then forward it to you guys

That would be the ideal way to do it!

Mihai Pisica: Sure! We will do like this

Ready for the next one?

Tushant Suneja: Yes

Q5 from Telegram user @antoni_azx

There is something that I had not seen before in another DeFi platform and is that the fees for joining contests or taking part in prediction contracts on the D11 platform can be settled either in FIAT or D11 token, how do you expect to create a fiat gateway on your platform? I mean, can I pay with a debit or credit card using USD or EUR?

Tushant Suneja: We won’t be charging any fee from the users for any transactions.Matches will be played in D11 tokens and stable coins

Mary | Satoshi Club: So, no fiat, right?

Tushant Suneja: Stable coins mean fiat only

Mary | Satoshi Club: Oh, got it😀

Tushant Suneja: Just converting to D11 coins would give you more options

Mary | Satoshi Club: D11 will be gateway to everything 😀

Thank you for your answers!

Q6 from Telegram user @surendra040

Defi 11 has done a recent collaboration with Tdefi . What benefits are expected from this tie-up and as I know Tdefi pledges a strategic investment too ? Can you tell us more about the investment type done by Tdefi?

Tushant Suneja: Yes TDeFi as a partnership will boost innovations, exposure and networking in the DeFi and blockchain space. It will be a watershed moment for DeFi 11 since TDeFi has a very strong community consisting of a token advisory team, mentors and investors who could be useful for providing valuable insights to help the DeFi 11 project reach to the next level.

Apart from it TDeFi will help DeFi11

In expansion of NFT space

Few days back we conducted a live youtube AMA with them

Mary | Satoshi Club: Awesome!

Btw, will be your tokens available for staking/farming?

Tushant Suneja: Yes soon!

Staking would be available . Will disclose special dates for your community so that they can be the first ones to claim the reward

Part 2 — live questions from the Telegram community

Q1 from telegram username @KhaleesiTheCryptoLady

How can the community participate in adding new sports to Defi11? What are really the main benefits of holding the governance token?

Tushant Suneja: Community can suggest or can participate in the voting process each quarter which will help the decision maker in getting the needs of the community.

The $D11 Token is built as a unique gaming utility token on top of $D11 Protocol which you

can use to pay contest fees, buy assets, redeem game rewards, etc into D11 token for

fiat swap or redemption.

Q2 from telegram username @captainprice111

Phone applications attract more attention from users. Does your app have both Android and iOS versions?

Tushant Suneja: Yes our iOS version is under review .But our beta version is already under testing process so we are thinking to launch our Beta Application for Android and iOS at the same time now. It would be grand launch so will need users from both Platforms

Q3 from telegram username @cryptonation2

Project adoption and awareness will be important for growth of project so what are your plans to educate beginner and who dont speak english?

Tushant Suneja: For English and languages there will be soon conversion available .

As for the crypto and non crypto users.

As for those who aren’t familiar with Crypto. We will be bringing up updates where you could transfer from your exchange’ s and then enjoy   fantasy games along with other features in DeFi11 app.

Also we have some documents along with video available that would be in a laymen terms so they could get the idea of how to use it and be a part of the revolution!

Q4 from telegram username @Aqillaa

According to the roadmap, what are your most important next priorities? Does your team have enough funds and strong community to achieve those milestones?

Tushant Suneja:

Here are the list of our latest investor & partners

Or fundraising article would be out in a day or so!

Q5  from telegram username @MCBTrade

 Is DeFi 11 just targeting the Crypto industry or Could it be cooperation with global companies in the future?

Tushant Suneja: DeFi11 is a combination of the two most grossing industries in the last two years i.e the Gaming and the Crypto world. Bring together both DeFi11 plans to revolutionize the world and give users a product they would have only imagined earlier!!

Q6 from telegram username @cryptofollower

 One of the features of Defi 11 is solving the problem about manipulation of data and false reporting of daily volumes. About Fantasy Sports how can you prevent manipulation? How do you get real world updates and values? Did you create your own Oracle?

Tushant Suneja: We are non custodial so we don’t keep any data from the users. Plus everything is stored on blockchain and is public so that users can govern and evaluate everything!

Q7 from telegram username @Robotliker1

What is your bug bounty programme , can you tell me more in detail whom should I contact for submission and what is the pool?

Tushant Suneja: It will be live on our website. The pool hasn’t been decided yet but soon all the details would be available at

www.defieleven.com

Q8 from telegram username @CryptoBaby_007

Is #Defi11 a blockchain version of DREAM11? As I can see a lot of similarities concept wise. Is there any connection between the two?

Tushant Suneja: On fantasy gaming part maybe. But apart from it Dream11 is nothing compared to all the features we will provide in our Ecosystem. Plus you for yourself would be able to judge once you lay hands on our product .

Q9 from telegram username @ERMD18

 In addition to a great team and experience, marketing or promotion systems are no less important in a project, so that the project is successful not many users. How is your marketing method? Is it focused only through social media? Or is there another way to introduce your product or your platform to the crowd?

Tushant Suneja: For marketing we have various strategies and are already a part of the global communities. Social media is the right way to promote as of now. Events are lined up but due to Covid they were delayed . Yet few conducted online and there are many to come because from time to time we need to create awareness for the launch of major parts of our application!

Q10 from telegram username @Shaa93

DeFi11 – a decentralized gaming ecosystem. What is the advantage of DeFi11 over other Fantasy Gaming Application??

Tushant Suneja: Some exclusive feature of DEFI11

● A big no to dummy winners or fake winners

● Safe P2P transactions and no third party involvement

● Auditing is taken care of, ensuring no market manipulation.

● There will never be changing of users prediction mid-contest

●  Equal opportunity for all, no undue advantage to company’s employees

●  No false reporting as users’ anatomy is maintained entirely.

●  It is completely decentralized. With Defi 11 there is no fear of fraud and data mishandling.

Q11 from telegram username @ysasoma

I read that DEFI11 will not burn a single percentage of its D11 tokens, so how can you guarantee to users that the token they have designed will have a good value over time, what elements guarantee that it will generate profits and that it will not lose value after the first few months of its life on the market?

 Tushant Suneja: I would like to tell you that:

The company puts 20% of its revenue in buying back the tokens and burning them and hence ‘decreased supply and increased demand’ which in turn pumps up the token price.

So YOU NEVER LOSE HERE. With every game being played on the platform, the price of the token is pumped up, completely sustainable and scalable.

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/defi_11/

Twitter: https://twitter.com/defi_11

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 Bagels and our guest was @foxleee – Project Lead & Product Architect at Bagels Finance. The AMA took place on 20th of May.

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

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

Part 1 — introduction and questions from the Website

Gold Rocket | Satoshi Club:
Hello, dear community!

Mihai Pisica:
Hi everyone here! Satoshiers and Bagels!

Fox Lee:
Yay!

Gold Rocket | Satoshi Club:
We conclude our today’s AMA marathon series with Bagels.

Today our guest is @foxleee!

Mihai Pisica:
Our guest for today’s ama will be our friend Fox Lee: Project Lead & Product Architect, @foxleee

Fox Lee:
Hello everyone from Satoshi club.

Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club

Mihai Pisica:
Welcome Fox )

Fox Lee:
Thanks @MihaiPisica

Mihai Pisica:
It’s an honor for us, we are happy to have you here, how are you?

Fox Lee:
I am good today, market recovers 😉

Mihai Pisica:
Good news indeed!

Fox Lee:
Hope you guys bought the dip 😉

Mihai Pisica:
😊

Mihai Pisica:
How we could omis that? 😁

Fox Lee:
Exactly hahha.

Mihai Pisica:
Real experienced crypto lovers knows to think positive and fruit all the situations )

Our community is excited for this AMA and want to know more about you, could you give us a short introduction about you?🙂

Fox Lee:
Hello everyone, I’m Fox, Project Lead & Product Architect at Bagels Finance, I’ve been working as a product architect since 2017 when Bitcoin entered the first year of the bull market, I founded a cryptocurrency hardware wallet company HooFoo in Silicon Valley, I was the co-founder & CTO, it was the first hardware wallet in the Chinese blockchain space. When crypto space entered the bear market in 18/19, I worked as CTO of Umining, a NASDAQ-listed mining company in Silicon Valley, I was responsible for product development and architecture. In the past 4 years, I have been ALL IN Blockchain. Before engaging in the blockchain domain, I was working in Google and Intel as a software developer, from 2014 to 2016, I had been studying blockchain technology from then and from 2017, I started to ALL IN blockchain, in my opinion, blockchain is the future, so I left Google and started my business in the blockchain field.

Love the blockchain world.

Mihai Pisica:
We too 😁

Awesome background here!

Fox Lee:
😊

Gold Rocket | Satoshi Club:
Wow! great experience👏👏

Mihai Pisica:
How did you get to be involved into Bagels project?

Fox Lee:
First of all, I am very optimistic about the future of decentralized finance, I’ve been all in in Defi since June 2020. Uniswap’s AMM model started this Defi craze and it can generate real profits for projects. Some leading projects in DeFi, like Compound and AAVE, in the past year, their TVL reached over $100 million. This is completely different from the blockchain era in 2017/2018.

I have similar visions and Bagels finance is a talented team of Defi believer, so why not give it a go?

Gold Rocket | Satoshi Club:
Yes! DeFi is the absolute trend of this crypto season👍

Fox Lee:
Yes we believe Defi is here to stay.

Gold Rocket | Satoshi Club:
Wonderful motives unite like-minded people.

Mihai Pisica:
What is the essence of Bagels, btw?

Fox Lee:
Bagels Finance is the first cross-chain leveraged yield farming protocol based on Ethereum, BSC and HECO. Users can deposit ETH, WBTC, USDT, DAI, BNB, HT and other assets into Bagels smart contracts to earn high APY; Bagels aims to provide users with up to 10x leverage to earn the higher APY in DeFi liquidity farming market through strategically interacting with multiple DeFi products for farming. It provides better liquidity for Ethereum, BSC and HECO ecosystems.

For those who love higher APY and can take on additional risks:)

Mihai Pisica:
We have some in our community ) Would you love to answer their questions?

Fox Lee:
Excited for the questions:)

Gold Rocket | Satoshi Club:
Thanks for the great intro!

Q1 from Telegram User @andrey_seleznov
Could you please explain how Bagels simplifies the transaction process? You say users will only need to collateralize one asset to the liquidity pool for yield farming, no LP staking is required. What will be the second end of the pair, a bagel? Does this mean that if bagel price goes up user will suffer losses if he exist the farm?

Fox Lee:
This is a great question.

Users do not need to deposit two assets into the LP pool at 1:1 ratio, they only need to deposit one asset to start yield farming. For instance, if users select the ETH/USDT li-quidity pool, users can farm by just supplying ETH. The Bagels system will automatically swap the tokens to make sure users have equal value of both USDT and ETH to supply to ETH/USDT pool on Dex.

Depending on the pool you choose and which asset you are staking.

The leverage you chose as well as the relative volatility of the assets.

Mihai Pisica:
Will it be possible to farm using purely stable coins pairs?

Fox Lee:
One can always put in more funds to avoid being liquidated.

Yes, we will allow that a bit later but with that you can leverage more times

Mihai Pisica:
So, you have it fixed in your RoadMap, right?

Fox Lee:
Yes, we have a team of financial experts to come up with financial strategies that will yield the highest APY.

Will balance risk and rewards.

Mihai Pisica:
Btw, how big is your team?

Gold Rocket | Satoshi Club:
Who is on the project team core?

Fox Lee:
Now we have roughly 15.

7 core members.

Gold Rocket | Satoshi Club:
Are you public or anonymous?

Fox Lee:
we are all public tho i am using a cartoon pic hahah

Gold Rocket | Satoshi Club:
This is a beautiful picture😍

Fox Lee:
Yours too😁

Gold Rocket | Satoshi Club:
Thank you very much for your answers! Ready for the next question😁❤️

Fox Lee:
Yes.

Q2 from Telegram User @yellowchamp
Bagels protocol based on HECO/BSC/ETH. It aims to provide users with up to 10x leverage to earn the highest APY in DeFi liquidity farming market through strategically interacting with multiple DeFi products and staking assets for farming. So how will your platform integrate multiple Defi products? What Defi products are you going to interact inorder to achieve what your aiming? Bagels is based on HECO/BSC and Ethereum network, do you have any plan to integrate more network in the future for traders and investors will have more options especially with taking transaction fees? If yes,what network would it be? Thank you

Fox Lee:
Wow there are a lot questions in one,, let me answer one by one.

Gold Rocket | Satoshi Club:
Take your time😉

Mihai Pisica:
Satoshiers love to make complex ones 😁

Fox Lee:
Firstly we picked HECO/ BSC/ ETH as these are popular networks among Asians and BSC/ HECO are forks of ETH basically and so in terms of developments it is relatively simple.

We are integrating different yield farming strategies on our platform.

We wont integrate the products themselves on us.

DEX, lending protocol, vaults we will work with them via the whitelist.

Hope it answers your question.

Mihai Pisica:
Yep, everything clear to me )

Gold Rocket | Satoshi Club:
Great answer! by the way, would you like to share your roadmap with us?

Fox Lee:
As a matter of fact, we have multiple contracts deployed, Orbits finance + Bagels to give us good liquidity. Dokodoa + Bagels to achive cross chian mining, another future product called Angle + Bagels to mine pos assets. And much more! Have also deployed our flash loan contract on heco as an example

Fox Lee:
Adding one example 😉

Yes we are planning to launch our product by end of this month

Gold Rocket | Satoshi Club:
Don’t forget to share with Satoshi Clubbers😉

Fox Lee:
Hahah sure, also we have our audit report ready

For dokodoa cross chain solution, we are aiming for July 💪

Gold Rocket | Satoshi Club:
Yes, this is our gold standard!😁

Fox Lee:
Love the gold standard 😉

Gold Rocket | Satoshi Club:
Thanks for your answers! Ready for the next question?

Fox Lee:
Yes

Q3 from Telegram User @NataliyaKil
Bagels’ LP pool has 6 lock-in period options, which are 0 days, 7 days, 15 days, 30 days, 60 days, and 90 days. Earnings will be boosted by 25% per cycle.
What happens if the user withdraws the LP token before the period ends and if on time? Can you tell us more about the Bagels LP pool?

Fox Lee:
Users’ earning can only be boosted by the corresponding % if the lock-in period > each milestone

Say if one withdraws at day 10, he/ she gets 25% boosted returns

If he/ she chooose 7 days period

If he/ she chooses 15 days, there will be 0.5% penalty

0.5% of the transaction fee

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

🍩 By the way why did you call the project Bagels?🍩😁

Fox Lee:
Becoz we love Bagels hahah.

With cream cheese and smoke salmon 😉

Gold Rocket | Satoshi Club:
Me too 🍩😍

Gold Rocket | Satoshi Club:
Let’s proceed to the next question🚀

Q4 from Telegram User @Arisabela
Bagels is bringing a proposition to optimize the trading process to maximize liquidity farming positions and the APY. But doing Yield Farming comes with risks like attacks and fraud due to vulnerability in the smart contracts, high fees and price volatilities, how do you expect to mitigate all these risks?

Fox Lee:
That is def the most important question.

Firstly we have done 2 audits, one with knownsec, another one with certik.

To ensure there are no bugs in the smart contract as much as we can.

These are the type of risks for some audiences’ references.

-Impermanent loss: As you’re providing liquidity on a decentralized exchange, such as Mdex, Uniswap, SushiSwap or Pancakeswap, you will face the risk of imper-manent loss;
•-Risk from Short positions: Assuming that the price of ETH increases, it will cause the value of your position to decrease. When leverage is used to establish a posi-tion, you borrowed ETH, i.e. shorting ETH. Therefore, when the price of ETH in-creases against USDT, the value of your position may decrease, which may trigger the liquidation; and vice versa.
-The potential risk of contract vulnerabilities may also lead to hacker attacks;

We limit the leverage of some pools esp for those involving more volatile assets.

And wont include the less traded volatile assets.

For high fees, as we started with HECO and BSC and so it is okay 😉

Mihai Pisica:
Are there some vulnerabilties they have found and should more work on it?

Fox Lee:
This is the report from Knownsec we have very solid codes.

Certik gave us 92.4 out of 100.

Gold Rocket | Satoshi Club:
Wow! this is a high mark! Congratulations🎉

Fox Lee:
Thanks:)

Mihai Pisica:
High-scores!

Gold Rocket | Satoshi Club:
Do you want to add something or we can proceed to the next question?

Fox Lee:
Maybe this, that is good, next question

Mihai Pisica:
💪

Q5 from Telegram User @nadee5
Dokodoa which means “anywhere door” is an unique secure and decentralized cross chain protocol found in Bagels Finance .
Why did you select such name for this protocol ?
Can you please tell us more about Dokodoa ?
What are the functions of Dokodoa within Bagels Finance ?
How does Dokodoa facilitate the user ?

Fox Lee:
Have you watched the cartoon doraemon.

Gold Rocket | Satoshi Club:
Thanks for sharing! And also thanks for caring about this aspect of the project 👏👏👏

Fox Lee:
Hahah we watched that when young and dokodoa means freedom to us from a young age

Mihai Pisica:
Me no …

Fox Lee:
It is from Japan.

A robot cat, hahah like AI.

Aahahahah exactly.

The cross-chain protocol is called Dokodoa, It means “Anywhere Door” , which implicates that multi-assets can use Dokodoa to achieve not only cross-chain interoperable asset interaction, but also smart contracts interaction.

Gold Rocket | Satoshi Club:
You are not only smart, but also funny guys. 😁

Fox Lee:
This allows for cross-chain yield farming, as well as cross-chain vault. This can allow us to come up with a lot more financial stategies for yield farmers to maximize APY

Dokodoa is a secure and decentralized cross-chain solution, it is composed of state oracle and cross-chain bridge smart contracts. It can support multi-chain that includes signature algorithms using ECDSA and EDDSA, such as Ethereum, HECO, BSC, OKex Chain, Polkadot, etc.

So one can do a lot with it.

e.g. Users are able to complete the de-posit and cross-chain swap in one-click. It eliminates the need to switch between different public chain network settings.

The user would interact with Dokodoa contract on Ethereum, for instance, to initiate a token deposit to the custodial account. The cross-chain bridge will automatically monitor the user’s transaction and trigger the cross-chain mapping process to generate 1:1 wrapped assets on the corresponding chain.

Save a lot of gas fee too.

We will let satoshi clubers know once it goes online and so you guys can experience the advantages.

Mihai Pisica:
So much technological terms, it seems you are really strong and focused on it!

Gold Rocket | Satoshi Club:
we will look forward to this moment.👍

Fox Lee:
Haha i know you guys are a tech community.

Mihai Pisica:
Yep, we aim to do the best for the bests!

I got clear to this question ) Would you add something more or we can move further?

Fox Lee:
Let’s move to the next.

Q6 from Telegram User @victorogb
From one of your recent twitter post, Flybit WoW will host the Bagels finance token sale coming up in a few days time (24th May, 2021). According to Bagels finance and Flybit WoW, this event will be in two rounds. Can you graciously provide us with relevant and useful information with regards to this memorable event, how can investors participate, what are the requirements for each round of the token sale? Why choose Flybit WoW, what is the essence of your unique partnership?

Fox Lee:
We are excited to work with Flybit as our korean partner, they are our investor and they have been helping us to enter the korean market smoothly, which is one of big markets.

We are actually postponing the IDO as we are doing another round of audit before launching the product to ensure extra layer of safety.

The market is digesting the dip lately and we think it is better to let the market smoothen out before we do the IDO.

Pls stay tuned and we will let you guys know once the new date is up.

Finished here.

Mihai Pisica:
What are your other partners?

Fox Lee:
We will keep the mystery now but will announce to everyone officially soon.

Mihai Pisica:
Ok, got it )

Part 2 — live questions from the Telegram community

Q1 from Telegram user @NataliyaKil
Bagels Finance announced a key strategic partnership with MetisDAO that will allow both organizations to deliver better applications as for their users. MetisDAO allows developers to easily build decentralized organizations and applications on the Ethereum blockchain cheaper, faster and with more scalability and functionality through its simple dApp creation platform. As I understand it, this is a mutually beneficial partnership? How can Bagels Finance and MetisDAO support each other within the framework of this partnership and what problems do they help to solve?

Fox Lee:
Yes thanks for following our news!

They are encouraging Dapp development to build on Metis and we are Defi App and so we can a natural match.

Q2 from Telegram user @SPAZEEEE
Can you explain what makes your project superior to other projects? And what is the deadly strategy you used in your project to win the competition with other projects?

Fox Lee:
Sorry we are biased and we def think our product is more superior thus we build it, we are not just a leveraged yield farming protocol but we also allow cross chain smart contract interaction.

So there are more strategies we can play around 😉

Give me one min, brb.

Q3 from Telegram user @Aqillaa
I have seen too many good projects fail to execute because the development team was rewarded with many awards before even submitting anything useful. This is human nature. But what are the plans for further expansion in the future, can you explain?

Fox Lee:
I get it, I entered the crypto scene in 2017 and def have seen a lot.

Def we wont go for short term profit only and ruin our reputations
with a project like us, we make profits from each transaction on our platform (unlike some project during ICO bubble).

So there is a lot more potential than just raise fund and run.

Q4 from Telegram user @Antonmedan13
Usually an investor invests in a project to get a high return. How does your project convince about it, how does your project actually guarantee better returns in the long run for investors?

Fox Lee:
We need to keep helping our yield farmers to maximize APY for them to come back, so we are driven to deliver.

Q5 from Telegram user @Rony629
What are the main targets, partnerships that trying to achieve in the near future? and do you already have collaborative connections with strategic partners in the crypto world?
Also Security is a major problem in crypto space!
How do you solve these problems?

Fox Lee:
Yes we had a few partnerships like orbits finance on HECO, black ocean, Metis and many in chat, pls stay tuned.

Q6 from Telegram user @liamnoah456
What problems is your project trying to solve to make Crypto users easier? Let us know how the road map is currently progressing. What will happen this year and in the future?

Fox Lee:
For now Defi users are mostly crypto native ones due to the education costs to enter, we are going to do educational tutorials to make Defi easier for regular users.

Q7 from Telegram user @andrey_seleznov
Website mentions that 40% of the Bagel revenue will be distributed to each DAO boardroom members of Bagels proportional to their shares of dBAGEL. Will anyone be able to become DAO boardroom member? What are the requirements to join the boardroom? What functions will be available to the boardroom members?

Fox Lee:
Yes, BAGEL is the native governance token of Bagels Finance. Token holders can deposit their BAGEL into Boardroom smart contract and join Bagels DAO governance.

Q8 from Telegram user @jennifer2565
COVID 19 has slowed many economies around the world but as a crypto business has it affected you negatively or positively? Secondly, are you still on track to achieve your targets as the road map says???

Fox Lee:
Yes hope everyone is staying well, covid has likely make people more focused.

Also as US fed printed 25% of the money circulating, it affects the entire economy globally, people turn to crypto to hedge risk.

Q9 from Telegram user @arboledae
Do you plan to take into account the opinions and suggestions of the community? That being how you will do it?

Fox Lee:
Yes going forward we will allow our DAO members to vote for proposal, this is the spirit of decentralization.

Q10 from Telegram user @johnabraham999
Is there any chance that your project may be integrated with NFT? Will you provide more features in future to get long term success?

Fox Lee:
Yes we are planning to launch BAGEL tokens of different kinds, what are your fav Bagels? with cream chesse like us? or butter? NY style?

Part 3 – Quiz Results

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

Our partners:
Bagels Telegram community: https://t.me/bagelsfinance
Twitter: https://twitter.com/bagelsfinance