Month: May 2021

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Digital Transaction and our guest was @DigitalTransaction_XPLL – CEO of Digital Transaction and @lcljay – DTL MarComms Manager. The AMA took place on 20th of May.

The total reward pool was 2500$ and has been split into 3 parts.

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

Part 1 — introduction and questions from the Website

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

Gold Rocket | Satoshi Club:
Hello, dear community! We are pleased to announce our AMA with Digital Transaction 👨‍💻

Today our guests are @DigitalTransaction_XPLL – CEO of Digital Transaction and @lcljay – DTL MarComms Manager!

Digital Transaction Admin:
Hi there.

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

Jase:
Hey there! Thanks for having us!

Mary | Satoshi Club:
Hello!👏

Welcome here 👍

Digital Transaction Admin:
Honoured to be here. I’m Ian, founder and CEO of Digital Transaction.

Mary | Satoshi Club:
We are proud to have you here today!

Gold Rocket | Satoshi Club:
we are also very excited about the upcoming AMA😊

Let’s start!

Digital Transaction Admin:
Sure!

Jase:
💪💪💪

Gold Rocket | Satoshi Club:
Introduce youreself please. How did you get to be involved in crypto & Digital Transaction?

Digital Transaction Admin:
Sure. I’m Ian, the founder and CEO of Digital Transaction (DTL), the company behind the ParallelChain® blockchain. I come from a computer engineering and data networking background. I spent several decades in the US working for the best tech companies such as Hughes Network Systems, where I led its worldwide product strategy and development as the VP of Engineering. I then ventured into entrepreneurship by establishing network company XNET, which was listed on NASDAQ four years later. I’m also a tech innovator at heart and have 10 pending blockchain-focused patents under my belt!

Back in 2016-2017, “blockchain” was this massively hyped buzzword that was touted to be the answer to every business problem. But these past-gen blockchains are merely expressions of Bitcoin and Ethereum, and they were never meant for widespread enterprise use in the first place. I noticed that enterprises were not picking up this perfectly suited technology for them in a proper manner and I started to look into that and figured out the pain points that have hindered the proliferation of blockchain over the years.

Mary | Satoshi Club:
So, it was logical step to join blockchain industry 😉

Digital Transaction Admin:
After I came back to Hong Kong in 2018, I decided to build a blockchain from the ground up, i.e. ParallelChain, that solves these pain points and would enable a wider and faster adoption of blockchain in the enterprise and consumer spaces. And that’s how Digital Transaction was born.

Mary | Satoshi Club:
You built it almost for three years?😀 Who helped you?

Gold Rocket | Satoshi Club:
Long way! However, you have a good idea and a great background for Digital Transaction.

Digital Transaction Admin:
Yes. We’ve got a team of around 22 people based in our Hong Kong HQ, more of 80% in R&D, and they work tirelessly to develop the ParallelChain® blockchain and a range of applications built on top of it.

Mary | Satoshi Club:
Big and productive team😀

So, what is the main concept behind Digital Transaction?

Digital Transaction Admin:
A key to successfully creating this robust ParallelChain® ecosystem is that we were able to conceive and develop the common denominator for the entire ecosystem.

Mary | Satoshi Club:
And this sounds promising 👍

Digital Transaction Admin:
The main concept behind DTL is our core technology – ParallelChain®. It’s the world’s first all-in-one blockchain that can be configured into either a public, personal or an enterprise blockchain depending on user requirements.

With performance that is second-to-none and features that not found elsewhere. 😉

Mary | Satoshi Club:
👍

Gold Rocket | Satoshi Club:
Thank you very much for the great intro about Digital Transaction. Ready to jump into community questions? 🚀

Digital Transaction Admin:
SURE!

Mary | Satoshi Club:
We want to dive deeper into Digital Transaction tech😉

Q1 from Telegram User @johana0012
Scalability, security and decentralization. Due to their technical and infrastructure limitations, blockchain platforms have had to commit to at least one of these facets to satisfy the rest; This is known as the Blockchain Trilemma. In how many modes can ParallelChain be configured? What are the innovative features that ParallelChain brings? How do you guarantee that there will be no forks or mining? What are the characteristics of this new project?

Digital Transaction Admin:
Good question. ParallelChain® can be configured into 4 modes: public, personal, private-permissioned, and private-permissionless.
In addition to high performance, ParallelChain® offers GDPR-grade privacy protection, real-time double-spending/double-entry prevention. And its unique protocol “Proof-of-Immutability (PoIM)” can prove the immutability of the data while protecting the owner’s privacy. And the PoIM is an unanimity-based protocol, that’s how we acheive no forks or mining.

Gold Rocket | Satoshi Club:
Thanks for the clear answer!👍

Mary | Satoshi Club:
Can you explain how this will work – will you have different explorers for each mode?

Digital Transaction Admin:
This flexibility is acheived through a parallelism approach, chains can be loosely or tightly coupled to facilitate different use cases.

Mary | Satoshi Club:
Awesome system!

Thank you for your answers! Ready to proceed?

Digital Transaction Admin:
Go ahead!

Q2 from Telegram User @garrinepotter
Using your blockchain, the user can build the necessary network configuration depending on the specific requirements. This is written on your website, but it seems to me that it requires additional explanation. How is the selection of configurations? I need to have a node for this and is it possible to use several types of configurations at the same time? And why is there such a division into a private, public and corporate network?

Digital Transaction Admin:
Selection is user-defined in a sense, as mentioned, Parallelchain(s)® can be loosely or tightly-coupled systems. When you set it up, depending on specific environment and the needs of the user. For example, if you’re one big organisation or one global company with different departments (where you can share information from the top down) – that’s one configuration, so you can have a tightly-coupled system. In other scenarios, airports or telecom payment systems in data roaming – nobody trusts anyone – you can configure that into loosely-coupled systems.

As to why ParallelChain® can be configured into 3 modes, it’s because we want ParallelChain® to be accessible and used by everyone! Enterprises, multi-national corporations, regular people like you and me. Each group have different user requirements, so a blockchain that can be configured seamlessly into different modes is necessary.

Mary | Satoshi Club:
Do users have to pay for using this configuration?

Digital Transaction Admin:
The price of course would vary depending on the user’s configuration, usage, transaction volume, etc.

Mary | Satoshi Club:
Do you have any guides how to build configurations?

Digital Transaction Admin:
The configutation would be done by us, using our own-developed technologies. We’ll provide customers with API user manual or any other necessary documents.

Mary | Satoshi Club:
Gotcha! This is even easier!

Thank you for your answers! Ready to proceed?😉

Digital Transaction Admin:
This diagram shows its robustness. 🙂

Digital Transaction Admin:
Shoot!

Q3 from Telegram User @yellowchamp
One of the products of Digital Transaction is ChattelChain in which it offers instantaneous cryptocurrency trading, insider fraud prevention and integration with the unhackable+unforgettable ParallelWallet. So,can you explain how does instantaneous cryptocurrency trading works? How does ChattelChain become a reliable in preventing hack and fraud in ParallelWallet? Thank you

Digital Transaction Admin:
The world needs a blockchain system that is optimal for high-speed trading to facilitate high-volume financial activities. The higher the speed and lower the latency, the more attractive. Not to mention scalability needs to be limitless in order for this to work.

Mary | Satoshi Club:
That’s true, but risks also always present in this space

Digital Transaction Admin:
To answer the second part, in terms of preventing fraud, both ChattelChain and ParallelWallet are equipped with an anti-spoofing face ID technology, the first-ever in blockchain technology, which is used to distinguish prints (e.g. photos) from real human face whenever a user unlocks their wallet, deterring malicious actors from accessing the wallet!

Here’s a diagram that shows how ParallelWallet works, in case anyone is interested!

Mary | Satoshi Club:
Will it work only with face? Will there be any additional emergency verification mechanism?

Gold Rocket | Satoshi Club:
Great infographics

Digital Transaction Admin:
Also, thanks for bringing ChattelChain to the spotlight! Instantaneous crypto trading can work only because of ParallelChain®. ChattelChain harnesses the ultra-high throughput of ParallelChain® (over 100,000 TPS), and transactions can be confirmed without a single moment of delay thanks to its real-time latency (~0.003s). Prices change are so instantaneous during trading process, so latency is so critical. That’s why a blockchain that is able to confirm large amounts of transactions in real-time is needed.

It’s a multi-biometric authentication using face AND voice recognition.

Gold Rocket | Satoshi Club:
Thanks for answers and clarifications.

Ready for the next question?

Digital Transaction Admin:
Yep.

Q4 from Telegram User @antoni_azx
You have a great line of security products, such as the PreventiveChain that bases its methods on biometric systems to help businesses monitor user patterns and pre-empt improper user and leakage of the organization-critical data, but how can the users be sure this huge amount of information won’t be leaked to external sources? Is it completely private for bussinesses usage?

Digital Transaction Admin:
For business use cases, leakage to external sources mostly comes from malicious insiders. This is what PreventiveChain does, file access can be flexibly defined based on roles or departments, each and every access is tracked and immutably stored on blockchain. In addition, PreventiveChain also adopts anti-spoofing face recognition technology to deter insiders from leaking information.

For most cases, yes, an enterprise solution would be completely private.

Mary | Satoshi Club:
Is this anti-spoofing technology invented by Digital Transaction or you use third part services?

Digital Transaction Admin:
It’s invented in-house! We have a dedicated data science team working on deep-learning / AI technology. 😉

Mary | Satoshi Club:
My applouds to your team👏👏👏

Digital Transaction Admin:
Thank you!

Mary | Satoshi Club:
Thank you for your answers! Ready to go to the next one?🚀

Gold Rocket | Satoshi Club:
Sounds great👍

Digital Transaction Admin:
Yes.

Q5 from Telegram User @victorogb
A couple of months back, Digital Transaction achieved a key milestone to it’s blockchain development by becoming an ISV partner with Amazon Web Services (AWS); which is one of the biggest cloud computing service provider in the world. Given the history and pedigree of AWS worldwide, how will this unique partnership be of immense benefit to Digital Transaction? Also, as an ISV partner, what benefits and support has this partnership provided and will continuously provide ParallelChain with achieving it’s developmental growth strategies?

Digital Transaction Admin:
Yes, we’re very honoured to be a certified partner of AWS. As an AWS ISV Partner, we’re able to leverage AWS’ technical training and go-to-market support to strengthen our ability to drive digital transformation with our blockchain to different markets. Also this partnership has certainly given us additional support to further develop and grow ParallelChain® into a leading blockchain favoured by most enterprises. Our existing and prospective customers are also happy to have the option to deploy ParallelChain® on AWS cloud for the stability and confidence.

And speaking of AWS, we’ve been building our Global Partner Ecosystem where we were eager to form relations with other tech companies who are leading the way in disruptive technologies, such as IBM and Digital China, and we’re very excited to see what the future holds!

Mary | Satoshi Club:
With such partners future is bright, but responsibility is also very high!

Our Congratulations 🥳

Digital Transaction Admin:
Here’s our business partner ecosystem 😉

Gold Rocket | Satoshi Club:
Excellent partnership! 👏👏👏

Digital Transaction Admin:
Indeed, but hey, we aren’t complaining 😉

Mary | Satoshi Club:
Sure🚀

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

Digital Transaction Admin:
Yes!

Q6 from Telegram User @Highpee
Your blockchain will be secured by three sets of Nodes which are Authority Nodes, Validator Nodes and Support. Authority Nodes and Validator Nodes appears most important and your blockchain will have a maximum of 120 Authority Nodes and 600 Validators Node. True blockchain decentralisation starts with will how nodes composition are made of, so I will like to know how will you select these nodes? Who can become a node and what are the resources or requirements needed? And considering that Ethereum blockchain has about 8,000 active mining nodes, yet there are still issues with transaction fees and processing, why will you only have 120 active Authority Nodes and how will you ensure that these nodes miners will not increase processing fees like the 8000 Ethereum miners by the time your blockchain becomes more congested?

Digital Transaction Admin:
Anyone holding a minimum amount of XPLLs would have a chance, as shown in the whitepaper, and Authority Nodes as a relatively more important type of node will have to be KYCed.

Mary | Satoshi Club:
Which will be a minimum amount?

Digital Transaction Admin:
The protocol of ParallelChain® is PoIM, so it won’t have mining nodes like Bitcoin or Ethereum. Our blockchain will not suffer congestion problem thanks to the Parallelism approach, via multiple private chains sharing the same DNA.

Digital Transaction Admin:
100k

Mary | Satoshi Club:
Noted👍

Digital Transaction Admin:
The 8k+ mining nodes also comes with a trust issue, which will not exist in our model.

If you’re looking to ask questions in the open floor round, make sure you’re also following our DTL Telegram group (t.me/digitaltransactionofficial) so that you are eligible for the rewards😄😄!

Mary | Satoshi Club:
Satoshiclubbers, join here🥳

Part 2 — live questions from the Telegram community

Q1 from Telegram user @dungcute2k3
Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like your?

Jase:
Sure! The story behind DTL revolves around blockchain. Blockchain is the essential network infrastructure in the coming era of intelligent connectivity, but it hasn’t met the expectations it promised to deliver when it first surfaced five years ago. Most of the existing blockchains back then were derived from Bitcoin and Ethereum (these 2 first movers) – they are inadequate solutions and have held back the widescale adoption of blockchain due to their limitations. Our founder Ian realized the insuffiencies of these blockchain, saw an opportunity and built a blockchain to overcome these pain points😊

Q2 from Telegram user @soyestefanya
In terms of performance and features you stand out 100%, how do you plan to always meet these important features?

Digital Transaction Admin:
Indeed the performance of our blockchain is second-to-none to this day, and we are light years ahead of other blockchains in the market as you can see in the comparison table, but we are not stopping. ParallelChain® 2.0 already achieves higher speed and lower latency than the previous version, and we plan to maintain this leading position by striving for even higher performance and more unique and robust features that are designed for REAL-WORLD applications.

Q3 from Telegram user @Xusuo
I read that Digital Transaction project already built since 3 years ago, its really great!. Can you describe what achievement that Digital Transaction already got so far for this 3 year? And what are your goal for your project after this?

Jase:
Of course. Aside from successfully conceiving ParallelChain, we launched PreventiveChain 1.0 in 2019. In 2020, which was a huge year for us, we were ranked #1 blockchain in the world by management consulting firm Arthur D Little in four industry applications, and also debuted our anti-spoofing technology. We were also named “FinTech Startup of the Year” at the 2020 FinTech Awards hosted by Hong Kong Economic Times, the largest business-focused media outlet in Hong Kong. In terms of our goal, it is to make ParallelChain is the leading blockchain favoured by not only enterprises, but the common people like you and me👊👊!

Q4 from Telegram user @david723
Most solid projects with token utility and good infrastructure but perform poorly because investors dumped after listing on the first exchange. How do you prevent early investors from dumping your tokens?

Digital Transaction Admin:
The essence of the XPLL token comes from its utility value – which will be maintained and strengthened through DTL’s continuous innovation and a growing customer base.

Q5 from Telegram user @tubakhalid
Where are come from your project name? What importance does the name have in your project development and functions?

Jase:
Our project name ParallelChain is derived from our approach to building our blockchain, called PARALLELISM. As opposed to your conventional cross-chain approach adopted by most blockchains, parallellism enables shared trust in the network, secure and unexposed communications as well as preservation of privacy and autonomy. Hope this answers your question!

Q6 from Telegram user @Indomiekuy
I read that you have ParallelWallet to store XPLL token, can you explain what are the different with other ERC20 wallet, Is that mean we only can store XPLL only on ParallelWallet ?

Digital Transaction Admin:
XPLLs can be stored in any ERC20 wallet, but our ParallelWallet is unique in many ways: it uses multi-biometric authentication method to replace traditional 2FA/private key; offers each wallet owner a personal blockchain to store their assets; and it is the first and only crypto wallet that offers GDPR-grade privacy for account and transaction records.

Q7 from Telegram user @Johndavid732
Can you list 1-2 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

Jase:
Feature 1: speed (100k TPS for a single chain) and latency (0.003s). With the speed and latency this fast, this means ParallelChain is the only blockchain fast enough to power any real-world and real-time applications, including bandwidth-hungry ones such as forex.
Feature 2: Privacy compliance. ParallelChain is fully compliant with international data protection laws such as GDPR. It’s an expectation around the world that when adopting new technology, govs and businesses are expected to comply with privacy ordinances, and Parallelchain is the only blockchain to date that can guarantee this. 🔥🔥

Q8 from Telegram user @ktzieceee
Partnerships is one of the foundation of any organizations, sometimes the basis of many to be able to conclude the legitimacy and security of the project. People or investors first look- through who your partners are and your relationship to them before investing. And we can’t deny, Digital Transactions global expansion and global partnerships has been so successful. But as we all know many projects closed because of the lackness in maintaining their strategies and plan to satisfy their investors. How can you able to maintain this bind between your partnerships, what is your great authenticity and great asset to stay on top?

Digital Transaction Admin:
Our answer would be with continuous innovation that solves real business problems, and the ability to deliver regularly. DTL pledge to maintain and expand the technological innovation leadership and address real-world problems with solutions that are financially worthwhile and adaptive to the future life style landscape.

Q9 from Telegram user @tubakhalid
What is PROJECT’s revenue model? In which ways do you generate revenue/profit?

Jase:
DTL’s revenue model is BaaS (Blockchain-as-a-service). We generate revenue by leasing our binary codes, selling binary codes and selling our source codes.😊

Q10 from Telegram user @Antoni_azx
I was really impressed that you are in partnership with the Amazon Web Services, I saw on your website that this collaboration is based on the option for AWS ‘services to tun ParallenChain-based solutions seamlessly on AWS cloud, but will it be more functions available in the future? Like using your private wallets for crypto and fiat payments on Amazon?

Digital Transaction Admin:
We would of course be delighted to see that happen. While most crypto wallets have usecases that are restricted to crypto assets, ParallelWallet supports smart contract which allows it to have many more functions, including storing non-monetary assets.

Q11 from Telegram user @boradam
I see three nodes Authority Nodes, Validator Nodes and Support Nodes. What are the differences between them and can I create my own node?

Jase:
Authority nodes (max 200) store the ledger history of the whole network by running a full node of the Mainchain. Validator nodes (max 600) help keep the Mainchain distributed by validating transactions delegated to them by Authority Nodes, while Support Nodes (unlimited numbers) store block headers of the Mainchain.

Q12 from Telegram user @nitrogenpower
You told us Parallelchains can be loosely or tightly-coupled systems. So is that mean Parallelchain can only work for local places with it’s full speed and not globally?

Digital Transaction Admin:
Coupling is not necessary restricted/limited by geographical locations, it is defined by the traffic patterns of the specific applications. Partitions can be realized by applications, by geographical locations, by departments, by organizations, etc.

Q13 from Telegram user @cindy_crypto
Is it possible to build our own nodes and star minting tokens using Parallelchain?

Digital Transaction Admin:
Others will be able to launch their token projects on ParallelChain® and have tokens minted according to each project’s specific tokenomics, which must be pre-defined in smart contract to ensure integrity and legitimacy.

Q14 from Telegram user @ibrahimfz
What type of developments do you have coming in the near future? Do you have any juicy news for us?

Jase:
Yes we have quite a bit of exciting stuff planned for this year. After our token goes public, we’re also going to be releasing the highly-anticipated ParallelWallet for people to store their XPLLs and other cryptos . Next in Q3-Q4, we will be launching our own Utility Exchange for crypto trading, as well as upgraded renditions of ParallelChain (2.0) and PreventeChain (3.0). We’ll be uploading an interactive product roadmap on our website over the coming days – so stay tuned for that😉

Q15 from Telegram user @konditer_rolex
Many years ago I got the first mobile phone with bluetooth function. I was very happy about this circumstance, but it turned out that this bluetooth transmits only numbers and nothing else. That is, there is bluetooth, but it is useless. You have a fast blockchain.But is there any real benefit from it? Have you found a real use for your network? Can there be several examples of using ParallelChain where other networks would not cope?

Digital Transaction Admin:
Being ultra-fast allows us to emulate others. Low latency is needed for real time applications which is a basic requirement in today’s world. No data leaks is a must for everyone, and privacy compliance is the norm nowadays. Expandability and flexibility are also must-haves, and parallelism addresses such heads on.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Digital Transaction. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 2100$.
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:
Digital Transaction Telegram community: https://t.me/digitaltransactionofficial
Twitter: https://twitter.com/DTL_blockchain

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 Alkimi and our guest was @neilthebruce, @AdamChorley and @benputley. The AMA took place on 17th 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

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

D. | Satoshi Club:
Today our guests – @neilthebruce @AdamChorley @benputley !

Neil Bruce:
Great to be here!

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

Mary | Satoshi Club:
Welcome to Satoshi Club 😀

Chorley:
Hi Satoshi Club! thanks for hosting us!

Mary | Satoshi Club:
Welcome here!

D. | Satoshi Club:
Hey! Welcome to our club! 😃

Mary | Satoshi Club:
How are you today, guys?

Ben Putley:
Good afternoon everyone!

Neil Bruce:
We’re very well and excited to answer your questions!

Mary | Satoshi Club:
So, everyone is here🥳🥳🥳 let’s start 🚀

Guys, usually we start with an intro.

D. | Satoshi Club:
Hello! welcome to our club! 😊

Mary | Satoshi Club:
So, we will ask you to introduce yourself and tell us more about Alkimi 😀

Ben Putley:
We’re a founding team of digital marketers with over 35 years’ combined experience working for publishers, advertising technology companies and media agencies. We’re also crypto enthusiasts, and have been aware of the many potential benefits of applying blockchain technology to the digital advertising ecosystem.

I’m the CEO of Alkimi and have sold software to global publishers like CNN, Vice, Forbes, Daily Mail to name but a few for the last 10 years or so; our CTO is unfortunately is still under a restrictive covenant so couldn’t join us today, but he’s worked at global publishers for a similar amount of time.

Chorley:
I’m Adam, Chief Operating Officer. I’ve been Working in the advertising industry for 10 years. Always on the sell side, at publishers and networks to help them monetise their inventory. At Evolve Media, Conde Nast and most recently a start up called SmartFrame. As far as crypto goes, I’ve also been involved in crypto for around 5 years now. I’m a massive advocate of blockchain becoming the de facto technology for all data and monetary transactions. So we’ve not got the chance to bring a whole industry onto the blockchain. So I’m finally merging my passion for crypto with my day job which is incredible!

Neil Bruce:
And I’m Neil, Chief Commercial Officer, and I’ve spent 15 years working predominantly on the buy side of the ad ecosystem at global media agencies. Recently, I spent 5 years as the head of mobile and digital innovation at Mindshare, the world’s second largest media agency, where I controlled a nine-figure annual media budget for clients including Nike, Unilever, Rolex and Ford. I’m really excited about the prospect of putting the digital ad industry on the blockchain. It’s a huge industry ($340bn) hiding in plain sight, but at present, 49% of an advertiser’s budget is wasted on an “ad tax” in the non-transparent ecosystem, before it even reaches a publisher!

Mary | Satoshi Club:
How did you get involved into the cryptoworld?

Yes, when you love your work results are incredible👍

Awesome experience! Are you wearing Rolex?😉

Neil Bruce:
We are all long time supporters of crypto, and always looking for the most innovative projects. The digital advertising ecosystem is a huge liquidity pool hiding in plain sight (last year spend was $340bn), but it is plagued by a number of issues, including: Fraud, Poor User Experience, Undisclosed margin and Arbitrage.

Blockchain technology is going to revolutionise the industry!

Mary | Satoshi Club:
👍

Which date we can count as Alkimi birthday?😉 How old is your project?

Neil Bruce:
We came out of stealth mode just over a week ago, so a very new project! But we’ve been working behind the scenes for several months to get things launched

We are partnered with Constellation Network, and using their revolutionary Hypergraph technology to power our network. We were the first project announced by Constellation building on their platform.

Mary | Satoshi Club:
Wow, what a speed 👍

And we will have a question about this in the first part!🚀

Thank you for your intro, guys! Are you ready for the questions from our community?

Ben Putley:
Just a brief blurb about Alkimi Exchange before that. We are the world’s first decentralized advertising exchange. We think about advertising very differently at Alkimi, where:

Users aren’t a Product
Publishers aren’t at the behest of Facebook and Google
Advertisers can deliver their message with value

Building on Constellation Network’s Hypergraph Transfer Protocol (HGTP) we are finally applying the principles of DeFi to the world of digital advertising – how publishers (for example: CNN or South China Morning Post) sell advertising inventory to advertisers (brands such as Nike or agencies acting on their behalf).

Mary | Satoshi Club:
👏

Chorley:
Fire away with the community questions!

Q1 from Telegram user @meml97
It caught my attention that on your whitepaper, you said that you built Alkimi on Constellation Network’s Hypergraph because it presents a more viable, alternative protocol to Ethereum because of its feeless transaction economy. But even that, while looking at your tokenomics I saw that $ADS is a ERC20 token, can you tell us more about this? Why did you decide to still have a ERC20 and not a BEP20, for example, even after saying that Ethereum is not your best option? What benefits will it bring to Alkimi an ERC20 token?

Neil Bruce:
That’s a great question – Chorley can answer that as the Tokenomics are his baby!

Chorley:
Our vision is to build to bring defi to the advertising world, Constellations Hypergraph allows Alkimi Exchange to use network resources whenever they are needed through an incentivisation mechanism and the use of $DAG. This gives us the ability to allocate network resources as the programmatic transactions increase on the network allowing us an effective way to scale quickly. Constellation will launch their own mintable tokens in Q3 this year, In the first instance we were looking to build out some of the features that the future Alkimi exchange will have. Therefore we wanted to tap into the home of Defi which is ETH and ERC20 tokens. We want to capture some of the audience and bring them with us on our revolutionary journey!

D. | Satoshi Club:
There are not so many DAG projects in crypto, i would say they a in minority, why you decided to trust one of them?

Mary | Satoshi Club:
Do you plan to add more blockchains in the future?

Ben Putley:
We looked into a lot of potential chains to build the Alkimi Exchange on and mostly it boiled down to the Constellation Network’s HyperGraph’s features;

Feeless transactions
Novel Consensus Mechanism
Horizontal scalability
Node reputation scores

They are also working with the Department of Defence, US Airforce and other large consortia proving they have the capability to host an advertising auction on chain; something that wasn’t possible until now.

D. | Satoshi Club:
👍 thank you for answer!

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

Neil Bruce:
Yes let’s do it

Q2 from Telegram user @NataliyaKil
Using the principle of Generative Economics, the Alkimi Exchange will reward Users, Publishers and Advertisers for rebuilding the intended value exchange of the Open Web. Please tell us about Generative Economics, what is it and how do you use it? What kind of reward system do you use for your users, publishers and advertisers? How do they receive a reward: in some currency or in the form of discounts, reputation on the platform, as an acquisition of status?

Neil Bruce:
In the Alkimi exchange, all participants are treated fairly, but we bring a 4th member to the mix. That’s the ADS token holders, they help us with the infrastructure part of the network. Through staking their ADS tokens to our Bandwidth and Access pools. This allows the Publishers and advertisers to access the Alkimi Exchange and rent enough bandwidth to serve and sell ads.

All holders of $ADS tokens are rewarded for staking their tokens. Publishers and advertisers that hold $ADS tokens can use tokens to gain discounts for accessing the network and any fees they might incur. If they choose to, they could even loan out their $ADS tokens if their demand drops, allowing all users of the Alkimi exchange to generate rewards even during times of lower demand.

Everyone involved in the digital advertising ecosystem will benefit from Alkimi Exchange:

Users see fewer, more engaging ads
Publishers earn more revenue
Advertisers see real return on their investment

The intended value exchange of the open web is re-established as a result!

Mary | Satoshi Club:
When do you plan to launch Alkimi Exchange? Will you have any testing period?

D. | Satoshi Club:
And do you have plans to do some airdrop for users? it’s a kinda popular thing now when a new exchange goes live 😉😁

Neil Bruce:
We’ll be launching with an ERC-20 token in June. This will allow us to build endpoints and ensure interoperability of Alkimi Exchange with existing technical infrastructure (standards like Open RTB 2.5 and prebid). We will be migrating to Constellation’s L_0 token when available in Q4 this year. The official Alkimi Exchange launch will be in Q1-Q2 2022.

D. | Satoshi Club:
Oh got it, so next year.

Chorley:
We are firming up all of the launch roll out at the moment so people can stay up today with all developments on our telegram channel https://t.me/Alkimi_Exchange

Mary | Satoshi Club:
Sure, Satoshiclubbers, stay tuned 👍

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

Neil Bruce:
👍

Chorley:
👍🏻

Q3 from Telegram user @Arisabela
Alkimi is employing a Proof Of Reputable Observation (PRO) consensus mechanism and from what I could understand will be used as a fraud prevention tool, can you explain the basic mechanisms about this consensus and how can be used as a filter for bad actors?

Chorley:
PRO scores are made up of a few factors, but we are able to build a picture in real-time of all the participants of our network. We can therefore spot bad actors in real-time by comparing them to the rest of the network and by comparing them to previous bad actors. This view then allows us to create a score for each participant. Participants falling below a certain level due to their actions can be excluded, preventing fraud before it happens.

D. | Satoshi Club:
This consensus mechanism was made by your team?

Chorley:
No this is the basis for Constellations Hypergraph, but we’ve adapted it to suit the needs of an advertising exchange

D. | Satoshi Club:
Interesting…thank you! by the way is it possible to use consensus in other crypto projects? how easy can it be integrated in project on other chains like Ethereum or BSC?

Chorley:
It may be, there’s no reason why it wouldnt be possible to add a consensus like this, where good actors are incentivised through a performance based score

D. | Satoshi Club:
Got it! thank you for answers! 👍

Ready for the next question?

Neil Bruce:
Yep.

Q4 from Telegram user @V1ct0r_26
I read that Alkimi will offer Premium Services, could you give us more information about them? What will you offer on this services that will make them Premium and how can people get access to them? What benefits will this Premium Services bring to users that will make them pay or do whatever you ask for?

Ben Putley:
Premium services will be available to Publisher and Advertisers using Alkimi Exchange to buy and sell their ads.

For example, algorithimic trading strategies would be offered to a brand like Nike to achieve their desired outcomes of a particular campaign

D. | Satoshi Club:
So services will be available only for people who hold and use $ADS on exchange?

Ben Putley:
Correct

Mary | Satoshi Club:
Holders with any amount of $ADS will be available to use Premium services?

Ben Putley:
Premium services are offered to publishers and advertisers using the Alkimi Exchange to buy and sell digital advertising

D. | Satoshi Club:
👍 appreciate for answer! ready for the next question? 😊

Neil Bruce:
Yes ready

Q5 from Telegram user @cryptofollower
Alkimi Exchange is decentralized replacement to the inefficient legacy programmatic ad exchanges like Google and Facebook. How can you compete with Google and Facebook? They also control Youtube and Instagram accordingly. In order to compete with them you would also need partners on other social media platforms. Could you please explain your vision for future of the web and how can you restore the value exchange between advertisers, publishers and users?

Ben Putley:
Yep!

Neil Bruce:
Google and Facebook drive a portion of their revenue from their programmatic advertising exchanges that monetizes inventory that sits outside their owned and operated inventory. They are some of the largest consumers, creators, and sellers of data, with advanced machine learning around their users’ data that has solidified their market share.

However, almost 30% of advertising spend goes through independent advertising technologies, who have exacerbated the issue by creating an ‘ad tech tax’ where 49% of all advertising revenue is lost before it reaches a publisher. The top 6 independent advertising exchanges take $5bn a year in revenue, and on average charge 15% fees to customers.

Alkimi Exchange intends to remove the ad tech tax – by providing publishers and advertisers with a transparent solution, costing 1.5% to buyer and seller alike.

Because publishers won’t be losing such a big portion of their revenue any more, they will be able to compete with Google and Facebook more easily.

Mary | Satoshi Club:
You find a great solution!👍 Can’t wait to see how this will work!

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

Neil Bruce:
Yes let’s go!

Q6 from Telegram user @Pratze
I read from Alkimi exchange telegram’s pinned post, you share about link to register public / private sale $ADS token. And I saw amount of $ to choose in there. Can you explain what is that google form use for? Is that mean we can join your private sale and public sale only by fill that google form?

Ben Putley:
The form was used to gather interest from potential supporters of the Alkimi Exchange and we’ve been blown away by the interest so far. We’ll be running a ballot to select people that have expressed an interest. We’ll also be releasing on Lattice Launchpad as well as a few others in the near future!

Mary | Satoshi Club:
We will wait for announcements! Thank you for your answers!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @highpee
You said that “users see FEWER more engaging ads” and “Advertisers see real return on their investment”. Can this be possible? Is it not until users see MORE engaging ads from advertisers that advertisers may likely have more returns based on the user’s engagement with these ads? Why will the engaging ads users have access to be reduced?

Ben Putley:
Hi Johnny – if users are exposed to ads less frequently; that is of higher quality it is more likely they will have the advertisers desired effect in increasing brand recall, improving purchase intent, and even conversions from the ads themselves.

Q2 from Telegram user @Korryl
Alkimi focuses on advertisement and i think this is really a great project, can u share with u how do i possibly to buy $ADS token? any link about that? please share it here.

Chorley:
The token will be on sale next month. We’ll be releasing details of the launch over the coming weeks. keep your eyes on our channel to find out more closer to the time. https://t.me/Alkimi_Exchange

Q3 from Telegram user @yellowchamp
Can you share some ad products that Alkimi being produce and how does this products become useful across open web? What strategic marketing ways you are engaging to market this ad products to people? By the way, who are your propose and potential target customer for your ad products? Thank you!

Ben Putley:
Alkimi will provide the ability to trade all existing ad products. We are able to be completely interoperable with the existing infrastructure; offering a better more effective product to advertisers and publishers.

Q4 from Telegram user @gendisgladis
Besides the Airdrop and doing the AMA, what else will you do to market $ADS so that more Investors will buy and save them? what are the benefits for $ADS holders in long term?

Neil Bruce:
Thanks for this question. We have allocated a substantial budget to marketing, as we have two main audiences we need to engage – the crypto audience and also those working in the publishing/ advertising space.

We are working with a specialist blockchain marketing agency who are developing an intensive schedule of AMAs as well as working with influencers in the crypto space to spread the word for Alkimi.

In addition to this, we’re producing our own content, for example: our #wearealkimists podcast sessions, where we’re interviewing industry leaders in the advertising space, as well as crypto industry leaders.

In terms of benefits for long term holders of $ADS, our staking programme is designed to reward those who hold the token. More information about this can be found in our white paper.

Q5 from Telegram user @Jonahapagu
ALKIMI exchange will be Using the OpenRTB (Real-Time-bidding) standards for programmatic advertising and trading of digital ad impressions, can you explain how this real time bidding will work… How can advertiser , users and publishers participate in Real-Time-Bidding and trading on Alkimi exchange, I read that users will be required to hold $DAG, is there a set amount that users must hold to access certain services of Alkimi exchange…

Chorley:
Open RTB 2.5 is the standard that all programmatic advertising is traded on at the moment. Alkimi Exchange will be useable by everyone who currently trades advertising programmatically. Using Constellations Hypergraph we’ll be able to facilitate the auctions in a more transparent and efficient way to legacy systems built on centralised infrastructure. Anyone wanting to participate on the exchange will need to hold or rent $ADS tokens from the Access and bandwidth pools.

Q6 from Telegram user @HARSHALPR
Community is the key to the success of projects, so besides organizing AMA, what strategy does Your project have to reach out and exploit new investors?

Ben Putley:
@neilthebruce @AdamChorley and I have worked in advertising for over 30 years. We are going to be marketing to both the crypto and advertising industry to bring two communities together to help improve advertising online for everyone.

We are working on educational programs; in-person events (when possible) and ultimately looking into developing accreditation for those looking to build features on the Alkimi Exchange.

Q7 from Telegram user @Xusuo
How is the way if I have a company and want to use an advertisement from Alkimi project? Any link or guide about this?

Neil Bruce:
Alkimi Exchange is designed to be interoperable with the existing technologies that are used in programmatic advertising. So if an advertiser like Nike wanted to run ads on Alkimi, they would be able to use their Demand Side Platform (DSP) to buy ads in the exact same way that they do with other centralized exchanges (for example Pubmatic, Xandr, Index Exchange).

Q8 from Telegram user @Malinafarez
Can you explain the advantages of the $ADS token holder, can you stake or farm? Then can you provide an overview of the hardcap or total supply of $ADS tokens and why you chose the project name #ADS. Is there a story behind the name?

Chorley:
Any holders of $ADS tokens can stake their tokens to either the access or bandwidth pool, for this they’ll be rewarded for helping us run the network. There will only ever be 100m $ADS tokens, with 20% being released during the Pre-sales. We used the name Alkimi Exchange because we believe in creating “something from nothing” for all participants of the exchange, we aim to create value from nothing for all our clients.

Q9 from Telegram user @arankatelegram
Hey Alkimi Family, I am wondering what kind of projects do you see using your system behind their current setup? Do you see it being used for tokenized real estate? Would you say your system can be adapted basically for anything that exists online or there are certain outlets that Alkimi would rather not/ cannot integrate into? Your project is very exciting 🙂 Thank you for this.

Neil Bruce:
Great question! The advertising landscape is evolving extremely quickly, making new ad formats available to be traded programmatically. For example, Connected TV ads and Digital Out of Home ads. We have a roadmap in place to make these formats tradable via Alkimi Exchange, as well as other already existing ad formats, such as in-App advertising, and digital Audio advertising. This will increase the Total Addressable Market of the Alkimi Exchange massively.

Q10 from Telegram user @haine123
How can the community get more information about the new digital ecosystem and what it means for users, advertisers and publishers?

Ben Putley:
If you head over to our telegram – https://t.me/Alkimi_Exchange there’s tons of information. We are hosting regular #WeAreAlkimists coffee talks with industry experts.

In fact – our first episode is being released today!

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Alkimi. 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:
Alkimi Telegram community:   https://t.me/Alkimi_Exchange
Twitter:  https://twitter.com/AlkimiExchange

We are pleased to announce our next AMA on May 31st 2021 at 01:00 PM UTC Time: Satoshi Club x SafeLaunch

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

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

Part 3: 300$ – A quiz about SafeLaunch

For more details:
SafeLaunch Website – safelaunch.io
SafeLaunch Telegram – @SafeLaunch_IO
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 03:00 PM UTC Time: Satoshi Club x CumRocket

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

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

Part 3: 300$ – A quiz about CumRocket

For more details:
CumRocket Website – cumrocket.io
CumRocket Telegram – @cumrocket
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 28th 2021 at 11:00 AM UTC Time: Satoshi Club x Mozik

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

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

Part 3: 300$ – A quiz about Mozik

For more details:
Mozik Website – mozik.cc
Mozik Telegram – @MozikENOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 25th 2021 at 11:00 AM UTC Time: Satoshi Club x SUPERDOGE

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

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

Part 3: 300$ – A quiz about SUPERDOGE

For more details:
SUPERDOGE Website – superdoge.io
SUPERDOGE Telegram – @SUPERDOGEio
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 26th 2021 at 11:00 AM UTC Time: Satoshi Club x Ultra NFT

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

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

Part 3: 300$ – A quiz about Ultra NFT

For more details:
Ultra NFT Website – ultranft.finance
Ultra NFT Telegram – @ultranftcommunity
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 22nd 2021 at 02:00 PM UTC Time: Satoshi Club x BullPerks

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

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

Part 3: 300$ – A quiz about BullPerks

For more details:
BullPerks Website – bullperks.com
BullPerks Telegram – @BullPerks_Official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

PART 1. Introduction of PAMP project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about anti-rug-pool project.

PAMP’s community project is reinventing the way meme-coins were meant to be by creating a rewarding, rug proof experience.

Backed by a strong community, PAMP will lead the way with purpose and sex appeal. Just hold on to the PAMP token and get rewarded with its self burning mechanism that is built into the smart contract.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @Satoshi_club

Andrés M. | Satoshi Club – @AndresM77

The Representative of the project:

Adrian Morrison – @amorris11 – co-founders of $PAMP

Introduction of PAMP project.

😀Mary | Satoshi club:

@amorris11 welcome to Satoshi club 👏👏👏

Adrian morrison:

Thanks, Mary! Glad to be here today with you all 😊

Andrés m. | Satoshi club:

Hello Adrian, how is going your day?😃 We are excited to be here! Today we have an amazing project to introduce you!

Adrian morrison:

I’m doing wonderful, despite the market taking a beating 😅😊 How are you all?

Mary | Satoshi club:

I am fine when don’t look at charts😂

Andrés m. | Satoshi club:

So, so 😅

Mary | Satoshi club:

So, think it’s the perfect time to concentrate on tech today😂

Andrés m. | Satoshi club:

I’m not looking at my portfolio at all haha.

Adrian morrison:

Maybe best to just focus on developing and let the market play itself out 😁

Mary | Satoshi club:

True words 👍 And let’s start our ama 🚀

Andrés m. | Satoshi club:

Agree

Mary | Satoshi club:

Adrian, could you please introduce yourself and tell us more about PAMP🎉

Adrian morrison:

My name is Adrian. I’m one of the co-founders of $PAMP. I’ve been in crypto since 2017. I wasn’t actively trading and engaging in crypto communities until I found out about Uniswap and defi. That’s when I dove straight in like many and ended up getting scammed or rugged with little to no experience in what I was doing.

I randomly found DEXTools and learned about the amazing tool they had created to help defi trades make better informed and smarter decisions. Such as analyzing the wallets to see if whales were selling or people panic selling… There are a lot more benefits but to keep the story short, I feel in love with this company and wanted to contribute so I volunteered my time and eventually joined DEXTforce and eventually became one of their cm.

Working as a cm we would address a lot of new traders coming to the community asking us how to sell scammed tokens or blacklist tokens when in reality, DEXT isn’t exchange but more of a data aggregation platform. This was happening more and more frequently especially during the meme-madness where dog coins were rugging day after day.

Thus a few other members and I from DEXTforce came together to start PAMP crypto community.

Our team has been doxxed by DEXTools but I’d like to clarify that even though I am a cm and the team is members of DEXTforce, this project is not associated or related to DEXTools in any way or form.

Mary | Satoshi club:

Wow, so detailed story👍 That’s nice approach! To be honest I haven’t seen that you have NFTS🤦

Adrian morrison:

PAMP.cc is reinventing the way in which meme-coins were meant to be, so with a one-of-a-kind, rug-proof experience. PAMPs smart NFTS is filled with exciting, unlockable content and values its community initiative to help victims of DeFi scams. 24% of our total token supply has been designated as a relief fund for scammed victims.

Mary | Satoshi club:

Can you show us?

Andrés m. | Satoshi club:

That’s really incredible, sadly that’s one of the problems of crypto.

Adrian morrison:

Yes, 😀 this is a very rough render and concept as these NFTS haven’t been released and finalized yet. We are still working on gathering the unique unlockable content to fill these NFTS with.

Mary | Satoshi club:

Wow! It looks attractive 😉

Andrés m. | Satoshi club:

Who are the designers?

Adrian morrison:

We are collaborating with different NFT artists, celebrities, and adult entertainers to create this NFT collection. Their credentials will be added to each card when they are finalized.

Mary | Satoshi club:

Awesome! We will wait for your NFTS launch!

Adrian morrison:

These NFTS are the core backbone to PAMP ecosystem.

Andrés m. | Satoshi club:

Where we will be able to buy the collection?

Adrian morrison:

Collections will roll out in series, we plan to release one collection a month. There will be one master NFT hidden in each collection.

All NFTS have unlockable content inside, owners can expect to find private keys with crypto inside, merch, celeb greeting videos, only fan suBSCriptions and more. If a collector collects and finds the 12 hidden keys – they can unlock a grandmaster NFT like a hidden eastern egg inside video games

Andrés m. | Satoshi club:

Great rewards😅

Mary | Satoshi club:

A lot of surprises 😉 where we will be able to buy/sell them?

Adrian morrison:

The first set we are aiming to release by next month. We wanted to do something unique and fun for NFT owners but also a way to reward token holders. This accomplishes both.

Andrés m. | Satoshi club:

Amazing, you focus on the community

Mary | Satoshi club:

Thank you for your intro, Adrian! Are you ready to start with the questions from our community?😀

Adrian morrison:

Yes, let’s get it! Our vision is aligned with community empowerment since our roots are from DEXTforce.

Preselected questions about the TradeStars DeFi project.

Andrés m. | Satoshi club:

Q1 from telegram user @andrey_seleznov

Amazing to see a project willing to help victims of the scam projects. Could you please tell us more how this works? Who reviews and approves the applications? I am sure there must be a huge influx, what are the criteria scam victim must meet to be approved? And lastly, where is the compensation coming from, this initiative must be very financially demanding considering the number of scammed users in crypto

Adrian morrison:

1) fantastic question!

So a total of 24% of our token supply was designated as a relief fund for these victims. Victims can apply on our website and our internal panel will review these applications. There are certain requirements, such as the scam has to have happened within the last 60 days to ensure that traders are still staying active in defi and not just claiming the rewards to cash out completely.

We realize that the 24% will not last forever, thus the fundamentals of PAMP revolve around our smart NFT’s with unlockable content.

PAMP token holders are the collective owners of these NFT’s that will be auctioned off on the market. The funds raised from these NFT’s will go to buy back PAMP with 80% burnt and 20% re-added to the scam victim relief funds.

Andrés m. | Satoshi club:

So which are the main benefits for long term holders?

Adrian morrison:

The holder are automatically rewarded with more PAMP just by holding with the RFI mechanism. As we sell these NFTS, the profits will go to buy back PAMP and burnt. This leaves more eth into the liq pool, increasing token price for holders while removing more tokens from circulation

Mary | Satoshi club:

You’re using eth blockchain, right?

Adrian morrison:

Correct, we are currently on erc20

Mary | Satoshi club:

Do you plan to support more chains?

Adrian morrison:

Yes, our team is exploring other options right now 🙂

Andrés m. | Satoshi club:

Is there any filter for scam victims to apply? How you can check that they have been scammed?

Mary | Satoshi club:

Yes, and there are a lot of victims on BSC also

Adrian morrison:

Yes, one of the requirements mentioned earlier is that the scam must’ve occurred within the last 60 days. Our team will check the token and we also require transaction proof to verify that they did indeed make this purchase. The airdrops are sent to the same wallet that was used to purchase to tokens to help combat against more scammers and people who try to abuse our system

Mary | Satoshi club:

Did you already do some airdrops?

Adrian morrison:

Yes, our first official airdrop went out last weekend. We had a total of 33 qualified applicants that received 10m PAMP tokens each. That was at valuation of around $400 per victim when distributed.

Mary | Satoshi club:

It’s ok! Always nice to receive airdrop 😉

Mary | Satoshi club:

Thank you for your answers! Ready to proceed?

Adrian morrison:

Our first official airdrop from our scammed victim relief fund has been distributed. 🎁

There was a total of 33 qualified applicants who received a total of 10m PAMP tokens! 🥰

Transaction proof: https://etherscan.io/tx/0xe7449e3ee61929947f460f720bfe236f0ad01d29f647ceba24a0703a7cd0549d

That’s the proof there 😊

Andrés m. | Satoshi club:

Thanks for share it👏

Andrés m. | Satoshi club:

Q2 from telegram user @v1ct0r_26

Meme-coins are known for a lot of different things, but security it’s not one of those reasons they are known for. So, this makes me wonder, behind all that meme madness and sex appeal Scamala PAMPerson offers to us, how secure is PAMP? Has your project been audit yet? What security methods do you have to make people feel secure?

Mary | Satoshi club:

Thank you for sharing 👍

Adrian morrison:

2) our token is a fork of RFI, whose contract has already been published and audited. We plan to proceed with a security audit as well just to relief some of the doubts or concerns regarding security issues. Our lp is locked and our team token is locked as well. Lastly, our team is also doxxed by DEXTools.

Andrés m. | Satoshi club:

Who will do the audit?

Adrian morrison:

We are currently looking into solidity finance for the time being.

Andrés m. | Satoshi club:

Got it. Btw, will you host any kind of staking or mining program?

Adrian morrison:

Our contact has also been briefly verified from rugscan websites and came back with a negative result as well so very low chance of it being compromised, our contract is also verified and published for anyone that wants to take a deeper examination

Nothing has been officially confirmed but we are always exploring new opportunities to create strategic partnerships. We hope we can partner with superfarms to allow our NFTS to be staked/mine and could potentially generate new unique NFTS from doing so 😁 the NFT tech is still being developed with more companies onboarding and creating more use case for them

Andrés m. | Satoshi club:

Amazing, we will be waiting for more exciting events to join 😁

Mary | Satoshi club:

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

Adrian morrison:

When the timing is right and things are aligned and proven to be beneficial to our community, we will proceed

Andrés m. | Satoshi club:

Great🥳

Andrés m. | Satoshi club:

Q3 from telegram user @yellowchamp

In your website its stated that we just hold on to the PAMP token and get rewarded with its self burning mechanism that is built into the smart contract. So, can you explain to us the burning mechanism of $PAMP token and also please explain the reward mechanism that token holders can get from holding $PAMP token while burning taking place? How and when does burning of $PAMP tokens takes please? How many tokens will be burned? Thank you

Adrian morrison:

3) so, our token is a fork of RFI, this means that the burn and distribution mechanism is already built directly on the smart contract. There is a 2% tax on all transfer/buy/sell with 1% being burnt automatically and the remaining 1% is redistributed to all holders split proportionately to their holding weight.

Mary | Satoshi club:

Who pays for gas?😀 when does distribution happen?

Adrian morrison:

You will see the token automatically increase in your wallet just by holding it when someone else does a transfer/buy or sell

It’s automatically processed within the last transaction gas. No gas is needed to claim these rewards. It’s called frictionless yield. It’s like staking almost but without the risk of smart contract having permission to manage and spend your tokens 🙂

Mary | Satoshi club:

That’s nice!

Adrian morrison:

Yes, at a time like this where gas fees are so high. This seems like the best solution to combat one of the issues with eth gas fees

Mary | Satoshi club:

True!

Andrés m. | Satoshi club:

Btw, where can we buy $PAMP?

Adrian morrison:

🦄 we are now live on Uniswap!

$PAMP is a deflationary token, the entire supply is subject to a 2% tax on every transaction. This means that if you are sending/trading 10,000 tokens, you will end up receiving 9,800.

💹 trade with >3% slippage to account for the 2% tax.

Have an explosive trip! 🚀

🥇 DEXTools link: https://www.DEXTools.io/app/Uniswap/pair-explorer/0x141c03c954587f04406967646674f0581dcc2d85

🦄 Uniswap link: https://app.Uniswap.org/#/swap?outputcurrency=0x7f0f118d083d5175ab9d2d34c4c8fa4f43c3f47b&use=v2

🟡 contract address: 0x7f0f118d083d5175ab9d2d34c4c8fa4f43c3f47b

🔒 liquidity locked: https://bit.ly/3vjdz0m

🔒 team token locked: https://bit.ly/3no10ye

🌎 www.PAMP.cc

👀 medium.com/PAMPofficial

🙏 deep gratitude once more to all our of $PAMP crypto community members and other prominent crypto communities for the massive support and for bringing this community initiative into forwarding motion! 😘

Mary | Satoshi club:

Do you plan to add more exchanges?😀

Adrian morrison:

Yes, we are currently exploring a bridge over to BSC.

Mary | Satoshi club:

This will be great! Thank you for your answers! Ready to jump to the next question?

Andrés m. | Satoshi club:

Q4 from telegram user @antoni_azx

 I could see on your website that PAMP is a fork of reflect.finance, can you explain a little deeper about your relation with this project and how will the innovations and changes that could happen in reflect.finance affect to PAMP? Will the both projects be linked forever?

Adrian morrison:

4) our token is a fork of RFI but we aren’t following the guidelines or roadmap of RFI, we plan to keep the tokenomics the same. As the NFT’s are the main backbone and eco-system for PAMP, the sales and resales of these NFT’s and their profits will go to sustain the eco-system.

Andrés m. | Satoshi club:

So, do you have your own roadmap, right? Could you share it with us?

Adrian morrison:

Our roadmap hasn’t been published yet, but we will publish a medium article detailing the growth stages of PAMP and how we plan to tackle them

Coming from many projects, I’ve seen how a roadmap can actually cause problems since a lot of issues are unpredictable, same with market sentiment

We want to do things differently with PAMP by not releasing a roadmap of promises but more of goals that we want to accomplish with a detailed plan of how we will do this.

Mary | Satoshi club:

That’s true, but users usually feel safer when they see some deadlines

Adrian morrison:

Agreed, that’s why we wanted to publish a medium article to give community members insight as what to expect 😃

Andrés m. | Satoshi club:

I understand, but could you tell us what are the greatest events coming for PAMP? Maybe talking for this 2021😃

Adrian morrison:

Certainly. Our strength lines in marketing actually so the goal for PAMP is to start its own war on rugs movement. Many of these scammed victims that we have feel deeply connected to our cause and are willing to devote their time and efforts to help carry on this mission. PAMP crypto community has the potential to be one of the strongest marketing communities. The purpose is to create a network of passionate members who can act as marketing support for different projects and brands down the road.

Our goal is to leverage celebrities and social media to bring PAMP to mainstream media.

The game mechanics and surprise factor inside these NFTS will bring awareness and discovery to PAMP.

Mary | Satoshi club:

Also, will your NFTS will be available only on eth or you will also join BSC NFTS markets?

Adrian morrison:

We haven’t explored the BSC marketplace yet because the tech we require to facilitate this unlockable content isn’t there yet. Currently rarible and ghost market has these resell/unlocked content feature that’s suitable for our project

Mary | Satoshi club:

Gotcha! Thank you for your answers! Ready to proceed?

Andrés m. | Satoshi club:

Thanks for your clear answers

Andrés m. | Satoshi club:

Q5 from telegram user @cryptofollower

Members from DEXTforce joined together to lead the PAMP.cc project with the similar objective of bringing awareness to scams in defi while helping support the victims who have been scammed. What kind of events happened after the launch of the project for raising awareness? Also you mention your team is from DEXTforce but somehow you stay anonymous? Why did you choose to be anonymous and do you plan to stay that way forever?

Adrian morrison:

5) correct, our team are members of DEXTforce. We are doxxed by DEXT as some of us are their actual cm in that community. We are choosing to stay anon due to legal and security reason as crypto is highly regulated in our country.

In terms of raising awareness, we have a large marketing campaign already secured and paid for. We are also currently negotiating with youtubers and brand ambassadors to onboard and join our mission. A big part of this will also come from the testimonials and interviews of these scammed victims. We plan to have some of them get on a YouTube interview and share their stories with the masses and show tips and ways to help identify potential scams.

Andrés m. | Satoshi club:

So, which companies have you partnered with?

Adrian morrison:

Our first strategic partnership is with metabrands.io they will help us create a custom merch store for PAMP. This way we have our own creative freedom and no restrictions on the products we can have in our store. This will also act as a portal for NFT owners to claim certain rewards such as merch, and other limited items.

https://medium.com/PAMPofficial/PAMP-metabrands-io-reaching-the-masses-e7e936170541

Mary | Satoshi club:

Nice move! When we will be able to buy?

Andrés m. | Satoshi club:

There we will be able to buy your NFT’s collection?

Adrian morrison:

They are working with us to develop the store now. This should be launching early next week

Mary | Satoshi club:

Awesome 👍

Adrian morrison:

The official market listing for the NFT hasn’t been confirmed yet. It’ll most likely be on Rarible, ghost market, or Superfarms if they can release their marketplace by then.

Mary | Satoshi club:

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

Andrés m. | Satoshi club:

Oh, got it, thanks for the clarification😃👍

Andrés m. | Satoshi club:

Q6 from telegram user @pirry05universez

If we talk about the project’s security, it must be a very important issue, in this case, how is the project prepared to face and mitigate any kind of hacking attempt towards the project’s products or even worse towards the community that provides credibility and support to the project’s ecosystem?

Mary | Satoshi club:

This question was partially covered, but I want to ask if you ever thought about any insurance for PAMP?

Adrian morrison:

6) I guess this ties back to question 2. Our contract was verified by a few devs before being deployed, a security audit will also take place to give more peace of mind to the community. We are also being advised by some top members and admin within the DEXTools community. If there is anything else that we can do to bring more peace to our community members, we are open to ideas and welcome suggestions. :d

Adrian morrison:

That’s the first time I’ve heard of this actually. Are there actually insurance policies that protect the project? I know they have projects like insured finance and other similar but it’s usually for the consumer/trader

Mary | Satoshi club:

As I know, for example, NexusMutal exist

Adrian morrison:

Added to our to-dos! Our team will look into it. Thank you so much for this recommendation!

Andrés m. | Satoshi club:

Btw, could you share some useful links to check before the second part of the AMA?😃

Adrian morrison:

Useful links to check what?

Mary | Satoshi club:

To keep a hand on PAMP pulse 😉

Andrés m. | Satoshi club:

I mean to join your communities

Adrian morrison:

🦄 we are now live on Uniswap! @PAMPofficial

$PAMP is a deflationary token, the entire supply is subject to a 2% tax on every transaction. This means that if you are sending/trading 10,000 tokens, you will end up receiving 9,800.

💹 trade with >3% slippage to account for the 2% tax.

Have an explosive trip! 🚀

🥇 DEXTools link: https://www.DEXTools.io/app/Uniswap/pair-explorer/0x141c03c954587f04406967646674f0581dcc2d85

🦄 Uniswap link: https://app.Uniswap.org/#/swap?outputcurrency=0x7f0f118d083d5175ab9d2d34c4c8fa4f43c3f47b&use=v2

🟡 contract address: 0x7f0f118d083d5175ab9d2d34c4c8fa4f43c3f47b

🔒 liquidity locked: https://bit.ly/3vjdz0m

🔒 team token locked: https://bit.ly/3no10ye

🌎 www.PAMP.cc

👀 medium.com/PAMPofficial

🙏 deep gratitude once more to all our of $PAMP crypto community members and other prominent crypto communities for the massive support and for bringing this community initiative into forwarding motion! 😘

Mary | Satoshi club:

Thank you, Adrian! And now we came close to the live part of our AMA 😀

Are you ready?😀 Let’s go 🚀

PART 2.Questions about the PAMP project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the PAMP crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @Antoni_azx

According to your Pampamentals the $ PAMP token holders don’t need to do anything else than hold the token for fees to be delivered as rewards, does it means you have no plans to add a staking feature or will it be a completely separate feature? What are the possible ways to earn revenues with $ PAMP?

Adrian Morrison:

The frictionless yield is one part, we are exploring options for NFT farming as well so there could be other ways to reward holders. As I also mentioned during the ama, pamp has the potential to be one of the strongest marketing force in crypto. If we hit his mission, there will be normal revenue generation opportunities for the business itself. The profits from that business could also be re-shared to all token holders by utilizing the buyback and burn mechanism of RFI.

Q – 2 from a telegram user @victorogb

Taking you back a little, you stated a couple of minutes ago that collections will roll out in series, and PAMP plans to release one collection a month. With a scenario where demand and adoption increase, will PAMP still maintain this release model or change its the approach? 

Adrian Morrison:

Our presale funding gave us enough funds to carry out this collection, however ultimately this is up to the market to decide if there will be a demand or not for these nfts. We plan to stick to our plans of releasing these collections unless the market proves otherwise. As pamp evolve, I’m certain there will be more use case being added

Q – 3 from a telegram user @My1queen

24% of Pamp tokenomics is aimed for Airdrops to scammed victims which is very commendable. What is the maximum amount of token that can be issued to one person? And how do you check for genuine Scammed victims?

Adrian Morrison:

Our team goes thru a vigorous vetting process to ensure we also aren’t being scammed or taken advantage of. Within the 24% supply, 0.5% is released weekly to be distributed amongst qualified and vetted applicants. So the amount received will depend on how many people sign up for compensation that particular week

Q – 4 from a telegram user @Sumione

You sent us a list of official airdrop for scam relief fund, how could I receive airdop like them and can you make more clear how will you count the days 60 from beginning?

Adrian Morrison:

Victims that have been scammed can apply for this airdrop directly on our website at pamp.cc – there is a big button on the top menu bar. Click that and you can find the form as well as the eligibility requirements for compensation there. The 60 days counts from when you are submitting the application

Q – 5 from a telegram user @highpee

From your TG welcome message, you talked about the VIP Lounge which is for proven PAMP supporter. Is this a form of private group different from the main Telegram? If so, who are the ones granted access to the lounge and what will be the benefit of being a VIP lounge member?

Adrian Morrison:

This is a premium group similar to dextforce where the entry requires the token holder to prove they are holding certain amounts of token before being granted access. The requirements for that is 150m pamp.

Q – 6 from a telegram user @victorogb

PAMP is poised to revolutionize a lot with NFTs and DeFi, but all these can only be achieved via proper marketing. How will PAMP address this and scale its model?

Adrian Morrison:

Our strengths are in marketing. Prior to getting into crypto, I specialized in high scale economy utilizing social media to scale business to 6-7 figures. I plan to utilize the same skill and apply this to pamp. Since crypto is highly regulated in social media the merch store will be a very important element that will allow us to advertise crypto merch without specifically mentioning the actual crypto project. This should open a whole new door and outlet

Q – 7 from a telegram user @cryptofollower

On your project rug proof is highlighted many times. What makes PAMP a rug proof meme project? Also I see first official airdrop from your scammed victim relief fund has been distributed. What is the scammed victim relief fund and do you plan to do another airdrop for users?

Adrian Morrison:

As we are doxxed by dextools and also representing them professionally, I don’t think you have to worry about us rugging. To make it safer, we’ve locked our liquidity as well as team tokens and they can all be verified. You can also verify my identity over at @DEXToolsCommunity but again, I would like to clarify that this is in no way associated to dext even tho our team came from dextforce.

Q – 8 from a telegram user @highpee

I saw that to buy PAMP, I have to increase SLIPPAGE from the normal default of 0.5%. Which slippage is best suited to use to avoid transaction failure and waste of ETH on such transaction? Also, Why is the slippage designed to be high? Is there any front running going on for every transaction?

Adrian Morrison:

Hey Johnny, we recommend using a 3-5% slippage tolerance due to our 2% rfi tax. 1% of this tax is automatically burnt forever while the other 1% gets redistributed back to all holders. That’s why it needs to be higher than 2%

Q – 9 from a telegram user @P1rat1us

Tell us sth more about your spicy NFTs?

Adrian Morrison:

We are currently in negotiations with adult entertainers now. The concept for these collections is to replicate a flirty provoking model inside the windows of the nfts – once claimed they can find more provoking and NSFW content inside – we are trying to bring some humor and fun into the crypto space

Q -10 from a telegram user Deleted user

Copied question

Adrian Morrison:

Security is the first and foremost important as we need to ensure the value and the access of these tokens are save and protected.

Second would come the community as these are the supporters and backers of the project. Without the community we wouldn’t anything.

3rd would be partnership as these lead to the growth and potential appreciation of the token value

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the PAMP project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

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

Our Crypto Partner by this AMA: PAMP

Telegram group  |  Tweeter  |  Website  |  Facebook

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 Formation Fi and our guests were @edmondtruong @joshuahong80 @Gagattzo. The AMA took place on 19 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 Formation Fi! Welcome to Satoshi Club😀

Paul Mont | Satoshi Club: Today’s guests are @edmondtruong @joshuahong80 @Gagattzo ! Welcome guys! Great to have you here!😁

Mary | Satoshi Club: [ 😑 Sticker ]

@edmondtruong @joshuahong80 @Gagattzo welcome here 😀

Edmond Truong: Hello everyone!!!

I’m happy to be here!

Mary | Satoshi Club: Hi, Edmond! How are you today?

Paul Mont | Satoshi Club: Hello Edmond! Glad to have you here 😁

Edmond Truong: I’m doing great, I’m looking forward to sharing the FORMATION project

Paul Mont | Satoshi Club: …and we can’t wait to learn more about the project 😉

Krzysztof Gagacki: Hey

Mary | Satoshi Club: Awesome! So, let’s start 👍

Edmond Truong: Let’s go!

Krzysztof Gagacki: Let’s bring it on 😃

Paul Mont | Satoshi Club: Welcome Krzysztof! 😁

Mary | Satoshi Club: Welcome here!

Paul Mont | Satoshi Club: So, first things first 🙂

Please guys, tell us more about some of the core concepts behind Formation.Fi 🙃

Also how did you get into crypto? Please share a bit of your background as well!

Edmond Truong: The main core principles or concept  of Formation Fi is taking into consideration and analyzing risk. If we take a look at the current market, there are no yield farming products that successfully tackle or even address risk.However we will through our core principle of risk parity. We are taking tried and true fundamentals that have been used for 10-15 years in traditional wall street and bringing it into DeFi.

Formation’s main objective is to truly end the ongoing need for yield chasing and making yield farming much more practical for the entire space and ultimately take that next step to make DeFi to the next level.

Formation Fi is revolutionizing portfolio construction by introducing a risk-adjusted portfolio of decentralized open financial crypto assets in the form of algorithmically rebasing indexes, with a high degree of composability, across the major blockchain networks using the basic principles of the Risk Parity movement.

I come from a traditional finance background and started my crypto journey working with Harmony protocol back in 2019. However, after I went on to start my first defi project which involved cross border transaction and conducting OTC deals with kraken, galaxy digital, huobi and a lot of these major otc desks, after that just helped genesis shards with their launch and finally on this journey to bring formation to the community as well.

Mary | Satoshi Club: So, how’s our portfolio today?😀

Did you ever regret that you are in crypto?

Krzysztof Gagacki: Before crypto I founded one of leading Europe’s digital publishing company dedicated to women content. Exited to Marquard Media in 2015. In 2016 I co founded first fully decentralized lottery system on ETH. That was one of the very first DAO, project was anon. Community governed. I also founded Swiss blockchain company dedicated to DAG technology. Which still operates in Switzerland.

Mary | Satoshi Club: Is that lottery system still alive?

Krzysztof Gagacki: I’m not a part of it anymore since it was seriously investigated by gov agencies, because lottery business is fully regulated and usually owned by governments.

So it was ahead of their times a bit 😅

Paul Mont | Satoshi Club: I guess governments care about keeping their monopolied privileges 😐

Mary | Satoshi Club: Gotcha! But experience stays with you😉

Krzysztof Gagacki: Yes. That put me on the keynote circuit, where I met Joshua Hong our other co founder. Joshua is a serial entrepreneur based in Silicon Valley. His last company was sold to Visa. He also had VC fund before getting into blockchain space.

Paul Mont | Satoshi Club:[19.05.21 19:05]

Brilliant, thank you for the keynote introduction guys 😉

Krzysztof Gagacki: This is Josh bio: https://about.me/joshua.hong

Mary | Satoshi Club: Wow, Visa👏👏👏

Paul Mont | Satoshi Club: Yes, we were expecting Josh as a guest to Satoshi Club as well! 🙂 This will partly make for satisfying our Satoshi Clubbers curiosity! Thank you for sharing!

Would you like to add something? Or are you ready to proceed to the questions from the community?🚀

Krzysztof Gagacki: What I can say is Josh is mainly working with our hedge fund analysis team for risk parity portfolio construction so he is pretty busy, as I am more concentrated on the product and dev itself.

Also we just refreshed our website a little bit to be more alligned with the App that is coming up!

https://formation.fi/

Paul Mont | Satoshi Club: I had the pleasure to have a before and after peek at the website and I can honestly say that I love the actual looks of it, it does look fantastic 😁

Krzysztof Gagacki: Thanks. Wait I till you see the app

Paul Mont | Satoshi Club: Can’t wait for the news haha 😁

Let’s hop onto the community questions!

Are you ready?

Krzysztof Gagacki: Yes

Let’s go then 😉

Q1 from Telegram user @victorogb

Formation Fi, will be built around seven guiding principles to which the protocol will effectively work and deliver the core values of a DeFi revolutionary portfolio constructor. Some of these principles includes; Chain agnostic, low transaction cost, radical simplification, investment over speculation and a host of others. Considering the current state of DeFi investments and product offers, how would Formation Fi properly integrate, manage and scale these principles for best practices and with an improved financial portfolio, and how will it properly delegate these far reaching principles to harmonising DeFi’s short comings?

Krzysztof Gagacki: Basically our analysis team is working on this set of framework tools where we pull data of volatility factors across diff yield farms as well as their standard deviation, to better understand principles of the risk. They algo will also look into currently tvl being in staked in those vaults do adjust to the size and eventually add negatively correlated assets to offset the pure LP risk. And You as a users don’t need to care about all this technical issues since all You do is deposit your native currency and get the constantly rebasing index.

Mary | Satoshi Club: Let’s talk about such days as today, can you give us example or explanation how our portfolio will look like?

Volatility is huge, but not positive, will Formation Fi save us from losses?

Krzysztof Gagacki: Your portfolio will be heavily offset with negative correlated assets to btc and those will be even amplified with small leverage. Good example is Matic as a negatively correlated assets( which is also one of our key backers). And what happens if there will be non negatively correlated assets? We will create synthetic. Here comes another our partner Synthetix.

In days like today risk parity portfolio construction is something you def need to have.

Mary | Satoshi Club: Yes, that’s why i am happy to see you here today 😀

Krzysztof Gagacki: Where all APY are basically being rekt by IL.

Paul Mont | Satoshi Club: I had the “luck” to read about risk parity in the past and so many analysts have commented on how this strategy has yielded some incredible results in post-crises periods in traditional finance markets 😉

Krzysztof Gagacki: Yes it was developed for over 20 years. But never actually available to the public. Formation is willing to change that 🙂

Paul Mont | Satoshi Club: Probably the best performing asset allocation strategy… it is so great to see it transposed in crypto. So much knowledge on which to reap on for the Decentralized Finance of the future 😉

Great answer! Thank you very much!

Let’s move onto the next question, shall we?

Krzysztof Gagacki: Yes

Q2 from Telegram user @KeymerS

I understand that algorithmic predictive intelligence is effective in helping to control risks, but is this really the only benefit it will get? Couldn’t it be used to further boost profits even if you assume a little more risk?

Krzysztof Gagacki: It will. That’s is why first you choose your index ( and strategy comes with it) based on your risk profile. The Raging Bull Alpha – is for the risk takers. Where we amplify those highest performing assets and YieldFarms, as well as LP’s.

Also

You will be able to stake that index in special pool to receive event higher APY and rewards.

Paul Mont | Satoshi Club: So FormationFi investors/users will be able to pick the index/strategy they feel more inclined to, according to their personal risk/reward appetites, right?

Krzysztof Gagacki: Exactly. That will be based of 4 different index tokens. Alpha, beta, gamma and risk parity.

Mary | Satoshi Club: As i remember you have 4 strategies, right?

Paul Mont | Satoshi Club: Beautiful… It’s all about creating a tailored product for every user’s need. I believe that’s the thread that has tied together the most successful crypto projects that we know today 😉

Mary | Satoshi Club: Oh, yes, it’s index tokens!

Thank you for your answers! Ready to proceed?

Edmond Truong: Yes we are

Q3 from Telegram user @yellowchamp

In FormationFi, there is a Profit Sharing features that there will be a 50% of Protocol Revenue in which $FORM token entitles its holders a right to vote and a 50% of future net income generated by the protocol. So, is this 50% revenue sharing applicable to all holders of $FORM token even only hold a little amount and some are being staked? How it would be distributed to $FORM holders? Why does your platform decide to share this 50% of protocol revenue? What is the motivation and purpose? Is this profit sharing consider a long-term program for FormationFi? Thank you

Edmond Truong: Yes it’s a long term, we are progressively decentralizing governance. Later on it it will be up for the community to decide on the profit sharing ratio. We want to make it as fair as possible.

Mary | Satoshi Club: So, they even can increase it?

Edmond Truong: If the vast majority decides too

Paul Mont | Satoshi Club: Crystal clear answer, thank you 👍

Mary | Satoshi Club: If they will vote for 100% profit sharing? Or you have some limits? And of course you will also have voting power, right?

Edmond Truong: It will be progressive DAO. We will have some limits but manipulations wouldn’t b possible. We will have voting power

Mary | Satoshi Club: Gotcha! Thank you for your answers! Ready to jump to the next question?

Q4 from Telegram user @ngohuynh

I just read about Formation closed $3.3M strategic sales from early DeFi UniCorns.to build the Smart Yield Farming 2.0 framework. What is the amount you are going to raise? what does Formation Fi see as the biggest barrier preventing in particular from gaining widespread adoption

Edmond Truong: Yes we already closed all presale funding. Our next thing will be our public sale (IDO)

We believe the biggest barrier preventing gaining widespread adoption is the structure of not addressing risk concerns. The traditional markets capital is scared to shift into defi because it doesn’t make sense to them. This is why we are using core risk parity fundamentals which are familiar to them.

Paul Mont | Satoshi Club: Brilliant, thank you for the comprehensive answer 😁

Mary | Satoshi Club: When your IDO will happen?

Edmond Truong: BEGINNING OF JUNE, stay tune . We will announce all the details may 31st

Mary | Satoshi Club: Sure!

Thanks! We will follow your announcments!

Paul Mont | Satoshi Club: Question 5 incoming 🚀

Q5 from Telegram user @AugusS7

I read on your website that you motivate your users to form “sensible and coherent portfolios” But how will FormationFi really help its users to invest in the best cryptocurrencies? Will you provide some content that guides members to make the best investment decisions?

Edmond Truong: It will be algorithms and we will analyze the best strategies to utilize. Our rebasing mechanism will swap out strategies with the highest and most optimal strategy. We are working with a lot hedge fund managers to design specific tools to design the portfolio construction.

However, we will have a lot of research reports and analysis to keep our community informed about the construction and content if they want to understand deeper.

Mary | Satoshi Club: 👏Thank you for your answers! And just one 6th question left from this part🚀

Q6 from Telegram user @quachthingoc

Formation Fi is revolutionizing portfolio construction and evangelize Smart Yield Farming into the world of open finance. Would this be like a smart contract. Which Smart Yield Farming will be supported? What is the difference between update Smart Yield Farming 1.0 and update Smart Yield Farming 2.0?

Edmond Truong: The old method of yield farming was pick and choose every single individual lp token and yield farm individually. Stake, unstake, etc it’s just too much time

Formation: our users will own our index token which will essentially be comprised of let’s say 50-60 different yield farming strategies, with maybe 80-100 different types of Lp tokens, and across multiple chains.

We save our users the complexity which is Defi, those who weren’t able to yield farm can finally do it effectively, in addition there’s a lot of other benefits like giving access to the best strategies, no more needing to jump from different chains (fees get expensive if you’re moving smaller amounts of capital), etc. in addition we will be using risk parity movement and pair countrend assets against each other to amplify returns

Paul Mont | Satoshi Club: Thank you very much for the clear answers @edmondtruong @Gagattzo !🔥

Mary | Satoshi Club: Guys, i am yours😀 i like your strategy!

And live part is almost here 😃

Paul Mont | Satoshi Club: Time to interact with our community members 😁

Mary | Satoshi Club: Ready?

Edmond Truong: Yes.

Part 2 — live questions from the Telegram community

Q1 from telegram username @messilolz

I am aware that there is some kind of fake telegram groups running on so would you please provide all the important social media links including tg for the satoshi club community

Edmond Truong: Yes definitely, we want you guys to be informed about where to find us. There has been countless fake tg communities

Stay tuned for more info and follow us

Twitter: https://mobile.twitter.com/FormationFi

Telegram: https://t.me/FormationFi

Website: https://formation.fi/

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

Q2 from telegram username @highpee

Your I D O is planned for June but am already seeing some FORM token on sale on DEX. Am thinking this might be the work of scammer, but I want to confirm from you whether you have any token listed for sale already and also the date for your I D O. Thanks

Edmond Truong: This is definitely a SCAM. We have no tokens for sale at this moment

We haven’t even announced our public sale

Q3 from telegram username @himzzz5 

Question deleted

Edmond Truong:

It will be for all types of investors big or small. There will also be a cap system to ensure whales don’t come in and dump on the community.

Q4 from telegram username @Lordxhibit

What are your proposed plans towards increasing the global adoption of sameone and how you intend to attract customers, partners and institutional investors ?

Edmond Truong: For global adoption, we have already started opening up local communities for FORMATION. This way that the local KOLs are able to educate their community easily and effectively. We have expanded our reach to Japan, Korea, Vietnam, Poland, and a few more

Q5 from telegram username @surendra040

Do you have any plan to release your ERC-mainnet ? What are the blockchains you will add for a custom bridge in future?

Edmond Truong: Yes we will be cross chain on:

1. ETH

2. BSC

3. HECO

Q6 from telegram username @haine123

Is It Safe To Take Risk At The Core  Of A Formation Fi Asset?

Edmond Truong: Yes this is safe and the smartest way to achieve success.

If you want to be able to change OIL prices you wouldn’t go to OIL itself but you would go to the mines and infrastructure that produces the oil. Hopefully that helps you understand

Q7 from telegram username @Eminet001

RUGPULLs and SCAMS are rampant everywhere, how do we know which to trust

Is you safe have you pass an AUDIT

Krzysztof Gagacki :Our Contacts are being fully audited by industry leaders, reports will be released in upcoming days

Q8 from telegram username @Isabelherrera_fontes

Have you any ambassador program and for content creators ?

Edmond Truong: We have not, but we will definitely have an ambassador and referral program in the near future. We want to get our community extremely involved with the journey and growth of FORMATION.

Q9 from telegram username @Indomiekuy

Formation Fi is an elevate yield farming with Risk Parity which have $FORM token. Can you introduce to us how to use $FORM token for farm in Formation Fi? What are other use of $FORM token in your platform?

Krzysztof Gagacki: Form token has a triple utility: governance, profit share and access to secret darkpool AMMS limited to Form holders only. 40% of all FORM tokens will be distributed through liquidity generation event as well as index’s

Q10 from telegram username @Pratze

Can you explain how to get $FORM token, will you have community event like airdrop or bounty program for your project?

 Edmond Truong: We will be conducting IDO, and right after that our token will be available on DEX. In addition, we plan to hit a couple major CEX quickly out the door

Part 3 – Quiz Results

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

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