Month: May 2021

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from MetisDAO, a platform where you can build your blockchain, DeFi or NFT business without being a developer. The AMA took place on May 11 and our guests were Elena Sinelnikova (co-founder) and Kevin.

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

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Paul Mont | Satoshi Club: Hello Satoshi Clubbers! Today we are excited to announce our AMA session with MetisDAO! Welcome to Satoshi Club. @elena_cryptochicks @kevinmetislab!  Welcome! Great to have you here!

Gold Rocket | Satoshi Club: Today our guests are @elena_cryptochicks @kevinmetislab!

Elena Sinelnikova: Hi everyone! Happy to be here, Thank you for the invite! Waiting for @KevinMetisLab to join.

Paul Mont | Satoshi Club: Please tell us more about your background. How did you get to be involved in crypto & MetisDAO?

Elena Sinelnikova: My name is Elena Sinelnikova. I am Founder of CryptoChicks.ca and Metis.io. I have a tech background – over 20 years’ experience working as Microsoft solutions architect in Canadian government and law enforcement. In 2015 I became interested and started learning in blockchain. In 2017 me and my friend Natalia Ameline founded Crypto Chicks – a female organization focused on blockchain education for women. We started it as a small meetup group and nowadays it grew to have chapters in 56 countries.

I met my two Metis co-founders a few years ago – Kevin Liu, who is an excellent product manager and released products before with 100 million downloads and Yuan Su, who was in the IBM team that built the very first Hyperledger. We were partners in one of the educational projects with CryptoChicks. Then we worked together on the Token Economy Institute project that grew into Metis Protocol. We have a long history before we became co-founders for Metis. Now Metis has 26 people working on the project – we accomplished so much! Creating a great product!

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

Elena Sinelnikova: Metis is a platform where you can build your blockchain, DeFi or NFT business without being a developer. We are building the platform for people as well as companies to benefit from the perks of blockchain technology without being aware so much that they do so on the blockchain. There are lots of barriers for people to really use blockchain for business – we tackle all the barriers.

We built a tech to protect our users from the hiking gas fees and provide them with high throughput of transactions and at the same time provide them with all the perks of blockchain such as trust, security and transparency but with added rich functionality and minimal learning curve. Nowadays in order to use blockchain hence to start the business, you need to be tech savvy and prep lots of funds to hire expensive blockchain developers. We are building a tech that allows anyone to launch business on blockchain without money or special skills. Come to the Metis platform, create your business unit – we call it DAC (Decentralized Autonomous Company) in two clicks and launch any of the following: NFT minting and trading business, freelance business, freelance business.

Kevin: An active researcher of the Token Economy, DAO and the governance protocols. A serial startup entrepreneur.

Q1 from Telegram User @yellowchamp

One of the feature of Metis Dao is an Optimistic Governance in which stated in your website that “the best governance is NO governance at all” so can you explain more about this statement? How does Optimistic Governance work in Metis Dao? What is the role of the community in your platform since you are in an Optimistic Governance form of management? How it affects investors? What is the strong points of having an Optimistic Governance? Thank you.

Elena Sinelnikova: Metis platform implements Optimistic Governance, which means anyone will be able to create an account and use blockchain features to do the business on the platform, but needs to play by blockchain rules to prove that they are good players. For example, once you create an account you get an NFT passport where all your deeds on the platform get recorded and you keep earning the reputation. You can’t buy reviews on the platform, like for example you can buy user reviews for centralized ones.

Another part of the Optimistic governance on Metis is staking and pullback, which means you will need to stake some amount of tokens to start the collaboration with others on the platform. These tokens will be returned to you once collaboration is completed. You also will be paid and rewarded by Metis token on the platform. We made this process extremely simple. We made this process extremely simple.

Paul Mont | Satoshi Club: So reputation is individual for users, but also there is a DAC reputation as well?

Elena Sinelnikova: It is completely decentralized and not controlled by any centralized entity, not by MetisLab company that created it, not by the government. Everything is based on your own performance, collaborations and contributions. Next question.

Q2 from Telegram User @victorogb

MetisDAO recently announced its strategic partnership with Gate.io, that will allow $METIS to trade on Gate.io thereby joining Uniswap as the second exchange that will also allow investors trade $METIS tokens. Gate.io will as part of the agreement, host a sale of METIS tokens on its startup platform and participation is subject to meeting certain conditions and criteria. Therefore, what are the general requirements to participating in this sales and are there separate rounds and investment categories available to traders, what is the long term projection of MetisDAO in terms of expansion and listings on.

Kevin: As it described in Gate.io, to participate in the startup sales, you should be VIP1 level, please check https://www.gate.io/en/article/20681/?ch=en_sm_0521  for more details. We have finished all the fundraising rounds, and will start to trade on May 13th. So there will be no separate rounds available. Metis supports decentralized business running on our layer 2, Metis Rollup. So we support various applications, including Defi, NFT, collaborations, and many more innovations. The expansion of our ecosystem will be fast but steady. And more listing on exchanges will be coming soon.

Elena Sinelnikova: BTW there are lots of scammers that impersonate Metis now, so please be careful. Join our telegram group to have the truthful information : https://t.me/MetisDAO

Q3 from Telegram User @Highpee

Most decentralized Crypto platforms often offer unhindered and unrestricted access to their docs, blogs and project resources in other to acquaint investors with both capital and small letters details of their projects. However, after being able to scan through few articles on your medium, I was denied access to further documents and was told I have to subscribe in order to educate myself about your project. Why are you monetising your documents and repositories? Don’t you think this can be discouraging to interested users who wish to get informed about MetisDAO? Is this not against the decentralised principle of being open source and transparent or was this collectively agreed by your ecosystem?

Elena Sinelnikova: You have probably hit the Medium restrictions that has nothing to do with Metis. All our articles are available to everyone, You can have access to all Metis medium articles via metis.io website: https://www.metis.io/learn/

But this centralization issue is exactly what Metis is solving. As a decentralized platform Metis will be providing Knowledge Management feature to the participating projects, companies and individuals based on their contribution. You contribute to Knowledge management and you get to use the Knowledge Management contributed by others. All rewards will be based on the contributions. No one can ban you or deny your account. It is fully decentralized.

Gold Rocket | Satoshi Club: Thank you very much for the clarifications and answers! this is very important information.

Elena Sinelnikova: We do it via our Layer 2. Metis is building a whole new Layer 2 framework (called Metis Rollup) to support the decentralized economy running on the blockchain. Various Layer 2 solutions, including rollups, state channel, and plasma, are all aiming to reduce fees for users and increase transaction throughput. But for Metis, we jumped out of the box.

Compared with other Layer 2 solutions, Metis is highly scalable (supporting multiple virtual machines), highly functional (micro service framework for easy extension of toolkit), highly usable (EVM-compatible) and self-sustainable (supports DApps/communities to launch their own tokens). Metis also defines a new DAO structure, DAC (Decentralized Autonomous Company). DACs act as the fundamental unit to support the operation and management of decentralized applications, communities, and business.

Q4 from Telegram User @Jonahapagu

For verification and validation purposes, the Metis platform uses the concept of L2 Rangers in their MVM (METIS Virtual Machine) … can you explain how this concept works, who makes up the L2 Rangers, what do they do in the validation and verification process, what benefits do the L2 Rangers get as Validators, and how can users become members of this special DAC called L2 Rangers.

Elena Sinelnikova: Users can stake a certain amount of metis tokens to participate in the ranger DAC. DAC (Decentralized Autonomous Company) they will be assigned a random range of transactions from all DACs along with the starting stateroots. The rangers will compute and submit the state root. a challenge process will trigger if the majority of the assigned rangers resulted in a different state root from the one submitted by the sequencer.

Rangers will get reward or penalized based on the challenge process, Rangers will also be able to mine Metis tokens when they participate in the exercise. The consensus among the rangers are done via power of stake. We are currently in the process of patenting this technology as it outperforms all our Layer 2 competitors, So, I am very proud of the tech that we built!

Paul Mont | Satoshi Club: You should, the underlying design is apparently brilliant! Thank you for the comprehensive answer.

Q5 from Telegram User @cryptofollower

I see on your website about Metis token airdrop is coming up soon. Is it only for early investors or is it for the all community? What are the requirements we need to participate for the airdrop? Also I couldn’t find anything about Metis token tokenomics on your whitepaper. Could you please tell us about Metis token and what are the features for long term investors?

Kevin: I will take this one. Airdrop is for all the community, for the one we are doing with Coinmarketcap, https://coinmarketcap.com/currencies/metisdao/airdrop /  anyone can participate. We also have our alpha testnet on the run(https://alphatest.metis.io/account/login?next=%2F) , people can try to build your own decentralized company(DAC) on our Metis Layer2 platform, do tasks and knowledge collaborations, and get rewards for participating and hunting bugs.

For Metis Token, it’s the utility token for staking into the system as a commitment to conduct collaborations. It is also the medium of exchange for all the DAC business activities or the tokens that these DACs will issue.   It is also the medium of exchange for all the DAC business activities or the tokens that these DACs will issue.

for the token allocations and vesting schedule, please find more information here  https://www.gate.io/en/article/20681/?ch=en_sm_0521

Paul Mont | Satoshi Club: By the way, let me tell you, I was astonished by the “Rebuilding the Tower of Babel” initiative, it managed to gather so much interest… which resulting in a 16.1 ETH selling price. You guys must be proud of the outcome as well as the outstanding community involvement!

Kevin: yes, 12K wallets connected to participate this event, it all proves that we are on the right track, providing easy-of-use and fun to play with.

Elena Sinelnikova: https://opensea.io/assets/0x5628d3eec4349e70541721bfc9f6ef7d70969d1b/0

https://tribe.metis.io/home   This is the real one! Beware of the fake ones that popped up on OpenSea now too.

Q6 from Telegram User @NataliyaKil

I found out that MetisDAO has some kind of user rating. What is this rating, what does it depend on, what benefits does it bring to the users themselves, who generally monitors the updating of this data and how often is it updated? The users themselves have access to this information, is there any section or table of this rating on your site?

Elena Sinelnikova: You are talking about the NFT passport – I touched on it earlier. NFT passport is used to track your activities on the platform – good and bad and adjust your Reputation Power automatically without anyone’s involvement. You will be able to stake this token to start a new collaboration, So, the other party can see your reputation and decide if they want to deal with you or not. This is the mechanism for the true rating. If you are a good player and complete all contracts and collaboration on time and provide value to other players on the platform – your reputation will grow indefinitely.

Paul Mont | Satoshi Club: So basically more reputation, more collaboration opportunities, right?

Elena Sinelnikova: If you overlook something or deliberately did something wrongful – your reputation will be deducted.

Paul Mont | Satoshi Club: It seems like a win-win design to me.

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram User @highpee

You had a special NFT Airdrop tagged: “Rebuilding The Tower of Babel”. I can see that the total available NFT Airdrop is 2560 and total claim is 256. Does it mean that there are still NFTs left to claim? And since you said you will have 256 tribes, are the number of claims completed already?

Elena Sinelnikova: We ran the Tower of Babel community building and on boarded 2560 communities. All of them received NFT token that will have mining power in Metis, it means they will be able to mine Metis tokens. The first 256 received the monetary reward from the Tower of Babel OpenSea auction proceeds (16.1 ETH divided by all). The rest claimed NFT to mine in the future.

Q2 from Telegram User @highpee

Why is it necessary for you to create your own Layer 2 solution when we have other popular rollups like zk-rollups, optimism, Matic etc? How proven is METIS Rollups technology as it compared with others and can it allow faster and secure decentralized user experience on the Ethereum blockchain network faster than other available alternative?

Kevin: We have studied rollup for quite a while, I have to say they made a lot of progress, but the current mechanisms still have a lot of room to optimize. For Optimistic rollup, it is still very centralized designed, with one virtue machine to control all the application’s operation. And also its withdraw time is too long (1-2 weeks to withdraw money from Layer2 to layer1), and no privacy configurations for business who hope not to disclose confidential information. These are just some examples that Metis is optimizing.

Q3 from Telegram User @TrickyMoeid

The gas fee on Ethereum blockchain is crazy high. Why did you decided to build your project on ETH? Any plan to incorporate with other Blockchain such as BSC?

Elena Sinelnikova: Metis solves exactly this problem – we will help to lower down the transaction gas fees via our rollup solution, so our users don’t have to worry about the gas cost, and can focus on the business and community development. We also built out tech the way that it is portable to other blockchain. We also built out tech the way that it is portable to other blockchain. We also built out tech the way that it is portable to other blockchain. For example, we already have a plan in place to settle transactions on Casper blockchain as well. Other blockchain can be also the option – we will make an announcement about that if anything like that is decided.

Q4 from Telegram User @Robotliker1

What are the biggest milestones achieved by your project till now? What are your strengths and weakness of the project?

Elena Sinelnikova: We have released the Layer 2 alpha testnet, and also launched a demo app called “Prologue” to demo the speed and low cost of Layer 2, you don’t have to spend so much gas cost and wait for a long transaction time to conduct the onchain actions. Please try to test and create your very first Decentralized Company (DAC) on Metis, the test linkage is alphatest.metisdao.org

The testing has gone through 3 weeks, now we have 12,683 Wallet Created, 6,856 DAC (Decentralized Autonomous Companies) Created, Testnet Transactions number is 166,859, Layer2 Smart Contract Calls number is 22,607. So just in 3 weeks, we have received so much interest from the community without any promotion. This was our Freelance use case that users of our future platform can take an advantage off – as I said you will be able to run business, so for those whose business is freelancing – they can already see how it works on Metis platform.

We also launched The First-Ever Community-Minted NFT Event: Rebuilding the Tower of Babel – we talked about it already, 12,118 Wallets Connected with this event, created 2,560 Tribes in 100 minutes, and the number of full Members (15 Wallets Trusted) Tribes is 1,204.

We are focusing on developing our Layer2 and in parallel the priority use cases, for example freelance use case, secure messenger with ability to send crypto, NFT minting and trading usecase. We are forming strategic partnerships with other companies that are ready to build on top of our Layer2 and become the part of our ecosystem. As of now lots of NFT companies reached out to us – they would like to use no gas fees advantage to min and trade their NFTs.

Q5 from Telegram User @Sumione

What do you have on your roadmap ahead in next three months? what are your priorities and long term goals??

Kevin: We will have another version of testnet coming next month, which will allow more developers to develop on our layer 2, and in 3Q, we will have our mainnet launched. The priority for us is to build a builder-friendly environment to allow a lot of developers and projects to build applications on the blockchain, no matter they know blockchain technology or not. In the long term, we hope to be the infrastructure to support the whole web 3.0 economy running on the blockchain.

Q6 from Telegram User @Tony253210

MetisDAO claims that is the solution of current DAO issues, but Which problems exactly? Can we know How do you improve the DAO mechanism?

Elena Sinelnikova: As of now lots of NFT companies reached out to us – they would like to use no gas fees advantage to min and trade their NFTs.

Q7 from Telegram User @Manugotsuka

In your website it’s explained that MetisDAO use a Reputation Power System, so can you tell us how the Reputation works in your ecosystem? How users can get Reputation and which benefits brings have it?

Elena Sinelnikova: You will be able to enjoy our Reputation Power tracking mechanism where no one will be able to buy or fake the user reviews and therefore you will be able to engage in the collaborations trusting the other party – your client, your service provider or any other player on the platform.

Q8 from Telegram User @joson0305

Can you tell about your listing plans? Especially the ones involving major exchanges, CEX and DEX. What types Partnerships you are looking for and what values would they bring?

Elena Sinelnikova: Right now we are listing on Gate.io and Uniswap. These are the first steps. We will be listing on other exchanges as we progress!

Q9 from Telegram User @Xusuo

Can you explain about what is ‘Rebuilding The Tower of Babel’ NFT? It’s amazing that already sold for 16,1ETH, what will be the fund use for?

Elena Sinelnikova: The funds were shared already between all that participated in our community building. We had showed the power of the community with this. We are awarding our earlier testers, so in order to get rewarded with Metis tokens in the future, please subscribe to out newsletter and participate in our testing activities: https://metis.io/Subscribe

Q10 from Telegram User @Tony253210

MetisDAO claims that is the solution of current DAO issues, but Which problems exactly? Can we know How do you improve the DAO mechanism?

Kevin: the issues of current DAOs are most of them are only a voting shell structure, while voting is only a small part of the whole story if you operate a business in the physical world, you cannot have shareholder’s or board of directors meeting everyday, you will need a concrete management structure to manage and operate the business, we hope to make DAO become a real entity to conduct decentralized collaborations and business operations.

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PART 3, QUIZ AND INFO

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

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

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

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

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

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

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

• Announcement channel: https://t.me/metis_announcement
• Website: https://metis.io
• Medium:  https://metisdao.medium.com
• Twitter: https://www.twitter.com/MetisDAO
• Telegram Channel: https://t.me/metisdao
• Instagram: https://instagram.com/metisdao

We are pleased to announce our next AMA on May 19th 2021 at 05:00 PM UTC Time: Satoshi Club x Netvrk

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

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

Part 3: 300$ – A quiz about Netvrk

For more details:
Netvrk Website – netvrk.co
Netvrk Telegram – @NetVRk_Official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 18th 2021 at 03:00 PM UTC Time: Satoshi Club x EVOdefi

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

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

Part 3: 300$ – A quiz about EVOdefi

For more details:
EVOdefi Website – evodefi.com
EVOdefi Telegram – @evolution_bsc
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from 0x_nodes and our guests were @superb_owl and @SwansonRonson. The AMA took place on 16 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 0xnodes! Welcome to Satoshi Club😀

D. | Satoshi Club: today our guests – @superb_owl and @SwansonRonson ! 👏

welcome to Satoshi Club guys! 😊

how are you doing? 😇

for now we can read this article, and find out more about project 😁

https://0xnodes.medium.com/0x-nodes-technical-overview-b1d521636cb5

Swanson: Hey everyone 🙂

Mary | Satoshi Club: Hello, Swanson!

Happy to see you here!

Swanson: Thank you.

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

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

D. | Satoshi Club: @SwansonRonson are you ready? 😉

Mary | Satoshi Club: could you please introduce yourself and tell us more about 0xnodes?😉

Swanson: Sure  lets go 🙂

ok 🙂 – 0x_nodes is a cross-chain liquidity platform that provides secure synthetic asset movements between blockchains – enabling broader yield aggregation strategies for Defi users. 0x_nodes technology will provide seamless value transfer between blockchains by utilizing a core mesh network between EVM ecosystems — and will bridge the EVM network with external blockchain networks. This unidirectional yield aggregation pulling from EVMs to the main-net will provide new opportunities for yield, while also simplifying the experience for the end-user.

Mary | Satoshi Club: This sounds like a dream 🤩

D. | Satoshi Club: this sounds like something from the future 👀

Mary | Satoshi Club: Do you have a big team? How many people are working on 0xnodes project?

Swanson: 🙂 Yes sure 🙂

0xNodes is a comprised of a development team (2.5 solidity devs, 2 react devs, multiple designers) and a series of very talents advisors that are integrated deeply in our future.  We are in the process of hiring a new executive team which will take about 6-8 weeks. 0x_nodes is growing:)

Mary | Satoshi Club: Wow, that’s a big team😉 are you anons or some members are public?

Swanson: we are all 100$% doxxed – 🙂 and all information publicy available.

Mary | Satoshi Club: Oh, cool!👏

D. | Satoshi Club: and we can see it on your site https://www.0xnodes.io/#team 😉

Swanson: 🙂

Mary | Satoshi Club: Thank you for your intro, Swanson!

Ready to start with the questions from our community?😉

Swanson: Sure lets go!

D. | Satoshi Club: 🚀🚀🚀

Q1 from Telegram user @V1ct0r_26

I saw that 0x_Nodes announced their IDO event on the CyberFi/Samurai Launchpad, happening on May 17th, 2021. Could you share more about it with us? Why did you decide to have your IDO on Samurai Launchpad and what expectations are you planning to fulfill? How many $BIOS tokens will be offer in such IDO and at what price? How long will this IDO be? And once it’s over, what will we next?

Swanson: Sure—-

Sure – 0x_nodes reached out to multiple IDO and launch platforms – most were not too concerned about the technology and processes involved, we at 0x_nodes wanted a strategic partner who asked the right questions and was willing to go above and beyond. Our working relationship with Samurai has been brilliant from the beginning and we hope to continue this relationship moving forward. The IDO will be 24 hours with a token price of $5 you can find all information here https://0xnodes.medium.com/

D. | Satoshi Club: as i see whitelist for IDO is already closed?

Mary | Satoshi Club: Great approach!

Swanson: Yes it is unfortunately, lisiting on sushi on the 18th

Mary | Satoshi Club: So, your first listing will be on Sushi? Not Uniswap as usually everyone doing?😉

D. | Satoshi Club: by the way, why you decided to launch 0x_nodes on sushiswap? majority of projects always prefer uniswap as their first dex, your decision somehow connected to uniswap v3? as far as i know, some projects having issues with v3 at the moment

oops😄

Mary | Satoshi Club: Your question is full😂 mine is short

Swanson: We think Sushiswap has some great upgrades coming forward and will eventually outpace UNISWAP in months to come 🙂

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

Mary | Satoshi Club: Thank you for your answers! We definitely wish you to have success with your IDO!

Ready to proceed?

Swanson: Thank you 🙂

Mary | Satoshi Club: @Cool_as_Ice shoot the next😉

Q2 from Telegram user @Highpee

One of the features mentioned in your lite paper is Cross Chain FIAT Onramp Integration as well as incorporation of FOREX and real world assets into Defi. This is a bold target considering how delicately regulated this financial area is. How will you be able to execute this feature and enable FIAT Cross chain capabilities considering the restricted nature of the traditional financial sector? In what way have you design your protocol be able to operate a FOREX structure in Defi as well as extend operation into a larger investment latitude through hedge fund involving synthetic and real world assets derivatives?

Swanson: This is 0x_nodes end vision. we are in the process of building strategic partnerships who can help build out this technology. I can’t really talk  about this right now – but watch out for updates 🙂

Mary | Satoshi Club: Ok, gotcha 😀 btw, do you already have some partnerships?

D. | Satoshi Club: that will be a pretty cool feature, we hope you will integrate it successfully 🙌

Swanson: ohh – yes we will be announcing these in the coming weeks 🙂

Mary | Satoshi Club: Ok, i see you prepared a lot of announcments for your members! We will wait them😀

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

Swanson: Of course 🙂 we have alot of information to be releases 🙂

lets go 🙂

Q3 from Telegram user @Arisabela

The 0x_Nodes is a modularized protocol which has three parts: NON_EVM, ETH_MAINNET and EVM, I’m not a tech expert but how do these parts contribute to create a cross chain brigde for your platform? How do you achieve an universal compatibility?

Swanson: Good question – probably best to break it down as this and what 0x_nodes is aiming to be  – 0xNodes is a liquidity aggregator, meaning that it has a method in place to pull in liquidity and reward the user in protocol fees collected throughout the entirety of the 0xNodes network.  Additionally we have an asset allocation system that allows for remote access that you have stored, debited, or credited to your account on chains active inside the 0xNodes network.

D. | Satoshi Club: thank for clarification! by the way, can we ask you about security? do you have plan to do security audits of your platform or perhaps you already done it?

im stole your favourite question @madamlobster 👀

Mary | Satoshi Club: Yes😂

Swanson: Yes, we have some great partners who will be implementing security across our technology and audits will happen regularly – 0x_nodes  has a fantastic team ready tog o 🙂

D. | Satoshi Club: 👍

Mary | Satoshi Club: Thank you for your answers!

let’s go to the next question!

Q4 from Telegram user @cryptofollower

On your roadmap Q2 I see there is a 0x_BIOS Airdrop distribution. There are 500k $BIOS tokens as bounties planned. How can people earn from this airdrop? As I know there are also another airdrop for holders of Xiot and Bxiot tokens. When will snapshot be taken and what is the airdrop ratio for token holders?

Swanson: so – good question

Anyone holding these tokens will  wait till tomorrow and have the opportunity to take part in an airdrop – with will announced in the coming weeks. Users do not need to do anything 🙂

D. | Satoshi Club: that’s cool! thank you! time to buy Xiotri😉😁

“owl”: $BIOS**

sorry for the late arrival, my calendar wasnt sync’d evidently

D. | Satoshi Club: hello! welcome 😄

Mary | Satoshi Club: Hello! Happy to see you here 🎉

“owl”:  any last second questions i can help with?

Mary | Satoshi Club: Yes, you know we really want to ask you what is connection between 0xnodes and Xiotri?😉

D. | Satoshi Club: by the way, is there a place for all xioti tokens in 0x_Nodes ecosystem? i have check your litepaper and all articles on medium, and i found that xiotri token not mentioned anywhere as a part of 0x_Nodes or its future

“owl”: simple answer is yes, in the ETH:mainnet module you’ll be using $BIOS+asset, where the xiotri v1 tokens are a whitelisted secondary asset to deposit into the module

D. | Satoshi Club: got it! 👍

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

“owl”: yeah, ofc

Q5 from Telegram user @meml97

I read on your docs that one of the use cases of $BIOS is in the governance of your platform, but while looking for information about the governance itseflt I couldn’t find anything about it, so can you tell us more about it? How will the Governance of 0x_Nodes be? How can users be part of it and what role will your token have on it?

“owl”: yes, thats pretty standard stuff for the initial launch – proposals are submitted, proposals are passed or not passed, onchain voting is enabled.

we plan on including more advanced stuff like the segmentation of yield between high risk appetite and low risk appetite in the long run

so really as fine grained tuning as the community desires

Mary | Satoshi Club: How you will incentive your members to vote?

“owl”: i suppose a community member will vote if they feel they want a proposal to pass or fail

D. | Satoshi Club: governance function will be available right after launch on sushiswap?

Mary | Satoshi Club: Yes, you have outstanding project and it’s already big incentive itself to take part in its governance 😉

“owl”: no – not quite, the token launches on may 18 (02:00:00UTC).  platform is sleighted for a couple quarters out, we have some unannounced functionality to deploy in the interim between Q2 <> Q4 ; through parternships and integrations that will be announced post IDO

D. | Satoshi Club: understood, thanks!

@madamlobster do you have any additional questions, or we can go to the last question of this part? 👀

Mary | Satoshi Club: No, everything is clear for me 😀

D. | Satoshi Club: nice! then the last question? @superb_owl

“owl”: ofc!  always happy to talk about 0x_nodes

Q6 from Telegram user @victorogb

With a critical study of Oxnodes roadmap, it’s pretty clear that a bulk of the network deployment operations will commence from Q4 2021 to Q1 2022, with deployments across major chains such as ETH, BSC and MATIC coming first, followed by others coming much later, in that order. Therefore, how will Oxnodes carefully integrate most of it’s core features accross all networks deployed, and talking about user preferences and choice, how will the Oxnode network ensure that all deployed networks work optimally for it’s user irrespective of specific operations or transactions?

“owl”: oh thats a good question, real banger

so everything about 0x_nodes is designed to make life easier for the end user operation in the decentralized finance space

our core thesis is that the barrier to move assets, and operate on multiple chains is a hindrance right now

so with that thesis being the foundation, everything we’ve built so far is coming from that perspective – simplifying the multichain experience (operating on BSC matic mainnet), and then building yield aggregation modules on top

so a) make things easy and simple, b) enhance the money flow of the operation

Mary | Satoshi Club: Which projects are your competitors?😉

“owl”: we’ve got an amazing dev team working on the money, and an even more amazing design and ux team making the user flow simple, easy, and understandable

i mean, honestly – any yield aggregator operating on single chain is probably a “competitor” but we dont really think about it that way

we aim to be novel, and innovative – just because everyone else is doing something doesnt mean its the right way to do it

Mary | Satoshi Club: Got it😀 can’t wait to see everything working!

D. | Satoshi Club: what about fees on your platform? do user will have to pay fees every time when he or she wanted to switch the network?

Mary | Satoshi Club: True words!

“owl”: so, fees are an interesting subject

the way that our platform operates crosschain is much more of a lending platform than it is a bridge, where you have to wait for the liquidity to move to the bridge in order to have optimal usage

the fees for interoperability from the 0x_nodes interface will be paid in the native $BIOS token, while the user collects protocol fees in their respective chains native settlement token (ETH, MATIC, FTM, BNB)

so we feel like its a win:win for the end user

D. | Satoshi Club: it will be cool to try 😊

Part 2 — live questions from the Telegram community

“owl”: alright

so, great questions

broad strokes: security, partnerhips, why do we have a token, and what are we doing with the money we raised

i copied about 10 or so and can post them individually, but good to get the general sense of what everyone wants to know

security:  we are in talks with multiple auditing firms, we dont believe in putting all of our eggs in one basket – all contracts will be audited from multiple angles, and additionally we have security experts on our advisory board that will assist in not only a code review from external attack vectors, but also flashloan experts to make sure our funds are safu

partnerships: yes, but wait until after the IDO to hear more about those

our yield aggregation system is built on top of systems are deployed on market

lots of very familiar names

yes – we need a token, it’s very familiar that a lot of projects that launch in defi tokenize their project but dont actually need a token – our $BIOS token is _deeply_ ingrained in our platform

what are doing with the money raised:  we just hired a CMO, COO, and CPO.  super excited to make those announcements soon, we have been very lucky in our hiring.  we are frugal, and wise with our money.

let me select the 10 questions now

Q1 from telegram username @mucana

Partnerships are important in the crypto world. Do you have a connection with another project? Can you give a list of your friends or partners?

 “owl”: good question ^

Q2 from telegram username @KhaleesiTheCryptoLady

Why did you choose to conduct your IDO in CyberFi/Samurai Launchpad? What are the requirements in participating your token IDO?

 “owl”: this was another question i wanted to answer

i spoke to literally every launchpad on market right now – and cyberFI was absolutely the best fit for us.

it was a long, arduous process, but we wanted to be as much of a boost and have as much control over the IDO as possible.  a lot of the launchpads on market right now really want to make the projects that launch on them fit into their mold – we dont operate that way.

comically, one of the largest launchpads wanted to redesign our tokenomics after we had 50 SAFTs out.

Q3 from telegram username @QueenKarinaa

For your inauguration $BIOS. Who are you partnering with? Are there any Sponsors working with your project? Or is there an agreement with Artist or management?

 “owl”: i believe i answered this question

Q4 from telegram username @doithay1617

Can you tell us about the security of Ox_Nodes? When will Ox_Nodes Audit?

 “owl”: answered this one

Q5 from telegram username @boradam

Do you have any github page so I can check your work daily and see the progress?

 “owl”: not yet, but we’ll be putting it up publicly closer to launch

Q6 from telegram username @ CryptoFollower

This should be a long term project as building bearing strategies with assets across all EVM and non-EVM based blockchains is not an easy job. Polygon is building its parachain for more than 2.5 years and still continue to build it. Do you think you can reach a MVP end of this year? On Q4 there are Eth, BSC and Matic deployments according to your roadmap so when can we see 0xnodes nodes to fully launch? If bear season is near, can this affect your development plans?

 “owl”: yes.

Q7  from telegram username @KASG95

I understand that implementing this protocol at ETH would provide you with even greater adoption, but will your transaction costs really be just as high? or when implementing connection with other chains, will they be able to re-edit them?

 “owl”: gwei is 54 for lightning last i checked.

thats actually an interesting point i want to talk about for two seconds

if you listen to mark cuban talk about building internet tech back in the 90s, and this is a guy who trailblazed in the late 90s in the video space, 10 years before youtube came to market

his ethos, is build not for the bandwidth on market – but for technology that will be relevant

deploying off mainnet is the equivalent of capitulating your widest audience

Q8 from telegram username @johnclark_0

In your Medium article, you mention with the 0x_nodes $BIOS token that you are determined to maximize the potential of the evolving multi-chain liquidity network to ensure that it covers every aspect of on-chain and off-chain transactions. So when exactly will this goal be realized and what lasting benefit will it bring to the DeFi industry?

 “owl”: this is a great question as well

yeah, long term integration with onchain forex market with offchain integration is our long term goal

this would widen the audience in defi (adoption), as well as enhance the experience of people already operating onchain

Q9 from telegram username @yellowchamp

OxNodes will be going to be deploy to some chains like Ethereum, BSC,Matic, FTM, Solana, Avalanche and Cadena network. So,why decided to deploy to a lot of networks and not focus to one or two networks? Why choose those networks? If OxNodes will be deploy to those mention chains,what will be the impact will it bring to OxNodes network? Since you plan to integrate those networks,did you already have a negotiation with those different networks by now or it is already ongoing? Thank you

“owl”: OxNodes will be going to be deploy to some chains like Ethereum, BSC,Matic, FTM, Solana, Avalanche and Cadena network. So,why decided to deploy to a lot of networks and not focus to one or two networks? Why choose those networks? If OxNodes will be deploy to those mention chains,what will be the impact will it bring to OxNodes network? Since you plan to integrate those networks,did you already have a negotiation with those different networks by now or it is already ongoing? Thank you

i’ve got open dialogue with everyone listed on our roadmap

i spent about a month of my time reaching out to all of the chains and making introductions, letting everyone know what we’re building and whats coming from us.  everyone has been more than receptive – and excited for us to deploy

we have an amazing network, through our investors, through our grinding hardwork, and our advisors – it’s been a truly humbling experience working with some of the top brass in the industry

Q10 from telegram username @meml97

🧨     It caught my attention that not long ago you said on Twitter that you “build in hostile enviroments”. Can you tell us more about what do you mean by that? What do you consider as a hostile enviroment and what are the advantages of building on enviroments like that? As we know tough situations can bring the best of us, so, what is this hostility bringing from 0x_Nodes? @superb_owl @swansonronson

 “owl”: this was a reference to the state of the ethereum network

cant capitulate just because its “hard”, or not the easy road

Part 3 – Quiz Results

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

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

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

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

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

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

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

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/XND_chat/

Twitter: https://twitter.com/0x_nodes/

web: http://0xnodes.io

discord: http://discord.gg/usjHQVpaES

We are pleased to announce our next AMA on May 27th 2021 at 03:00 PM UTC Time: Satoshi Club x Starbound

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

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

Part 3: 300$ – A quiz about Starbound

For more details:
Starbound Website – starbound.space
Starbound Telegram – @StarBoundOfficialChat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 24th 2021 at 03:00 PM UTC Time: Satoshi Club x Munch

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

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

Part 3: 300$ – A quiz about Munch

For more details:
Munch Website – munchtoken.com
Munch Telegram – @munchtokencom
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 04:00 PM UTC Time: Satoshi Club x PolkaPlay

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

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

Part 3: 300$ – A quiz about PolkaPlay

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

We are pleased to announce our next AMA on May 21st 2021 at 01:00 PM UTC Time: Satoshi Club x MoonEdge

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

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

Part 3: 300$ – A quiz about MoonEdge

For more details:
MoonEdge Website – moonedge.finance
MoonEdge Telegram – @moonedge
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from BlackHole Protocol and our guest was @Sam_BlackHole, @BlackHoleProtocol, and @raylin_blackhole. The AMA took place on 27th April.

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 BlackHole Protocol! Welcome to Satoshi Club😀

D. | Satoshi Club:
Today our guests – @Sam_BlackHole @BlackHoleProtocol @raylin_blackhole !

Sam BlackHole:
Thank you so much for your warm welcome 😍

Great Community 🔥

Sam BlackHole:
Very Excited about the #AMA

D. | Satoshi Club:
Good to have you here guys 😊

Mary | Satoshi Club:
Hello, guys! Happy to see you here 👍

Sam BlackHole:
Nice to meet you all 🔥😍

Mary | Satoshi Club:
How’s going?😀

Sam BlackHole:
Awesome 😉 excitement in the corner for #AMA

BlackHole Protocol:
It’s a pleasure to share with you all, you are a wonderful community!

Mary | Satoshi Club:
We are excited as well 👍 let’s go 🚀

First of all, could you please introduce yourself and tell us more about BlackHole Protocol? 🎉

Sam BlackHole:
Let’s do it. 🔥

Let me Introduce Myself first! 😍

Mary | Satoshi Club:
Sure 🚀

Sam BlackHole:
I am the CMO of this great project i.e. #BlackHole Protocol. I am very happy to be a part of this Project. I have around 5 Years of Experience in the #Blockchain Industry. I have completed many great projects, I have done ICO, IEO & most of the project is already #MOON & tradable asset on different Exchanges.

I have a very deep connection with Crypto Jane & other Cryptocurrency Celebrities. I am also the owner of a Marketing Company in India & #USA.
My main competencies in digital marketing, social media marketing, and product advertising bring a lot of value to all our valuable clients all over the world. My team is full of young #entrepreneurs. We are #committed to the success of every project we work on.

This is all about Myself, let me Introduce our Great Project- #BLACKHOLE Protocol

D. | Satoshi Club:
Yes. please! 🙌

Mary | Satoshi Club:
Awesome experience! How did you get in crypto?😀

Sam BlackHole:
BlackHole Protocol Is an approval-free decentralized & cross-chain burning protocol.

This cross-chain burning platform is based on the Ethereum network. If I explain you in more simple words, Any user or project governor could create a burning pool by holding BLACK permanently burn the old Token into a new Token, and gaining a new ecological vitality.

D. | Satoshi Club:
Sounds good, interesting concept 👌

Raylin BlackHole:
🔥🔥🔥🔥

Sam BlackHole:
Blackhole protocol originates from Etherium network and gradually radiating to Polkadot, BSC, Heco, Sol, and eventually the whole blockchain world.

We are very confident about our success in the future because we have a business plan that is recognizednize by the NGC Ventures and Crypto Times, Au21 Capital, Shinhan, and many big names in Crypto Industry.

When the price of Bitcoin Increase to 10KUSD, it attracts me a lot 😉😁

Mary | Satoshi Club:
I see this is something completely different 😉 who’s idea was to create BlackHole Protocol?

Sam BlackHole:
This is our CEO Idea 💡 to create #BlackHole Protocol 🔥

Mary | Satoshi Club:
Ahaha😂 started with money, continue with technology

Sam BlackHole:
Exactly! Lol 😆

Mary | Satoshi Club:
Creative mind😉

Sam BlackHole:
Very creative, He is also an early adoption of #Bitcoin! 🔥

Sam BlackHole:
And we have definite confidence on our technical support for the fact that our team is very strong with a deep connection with Bounce.finance, Helmet, ChainSwap, WeStarter, Anti-Matter, Gate.io & MXC Exchange.

Sam BlackHole:
Done with the Introduction!

D. | Satoshi Club:
Thank you! it was impressive intro! 💪

Mary | Satoshi Club:
Thank you for this intro! Ready for the questions from our community?🎉

Sam BlackHole:
My Pleasure! 😍

Yes, Ready to go for it. 🔥

D. | Satoshi Club:
🚀🚀🚀

Q1 from Telegram user @Highpee
You announced that your IDO is scheduled on Bounce on April 28. Nowadays, whitelist spots are getting harder to enter as the lottery system is not exactly open or clear. I read that only 200 addresses will be whitelisted and out of this, only 100 users will be able to make actual purchase from Bounce. How will the 100 users be selected out of the 200 whitelisted address and what are your whitelist requirements? ? Will there be maximum buy per user? In addition, the link to the whitelist form in the Medium publication is always showing error. Can you please provide a direct link to the form?

Sam BlackHole:
Nice question & a lengthy one! Let me get some information!

D. | Satoshi Club:
Why you decided to choose Bounce.finance for your IDO by the way?

Sam BlackHole:
On April 28, a total of $10,000 worth of BLACK tokens will be offered at a fixed price of $0.05- Please check the below link for more information!! 👇
https://certified.bounce.finance/certified-sales.

maximum 100USD

BlackHole Protocol:
Bounce.finance is an important strategic partner for us, and early on in the project, we had planned it this way

Sam BlackHole:
Done with this question! 😉

D. | Satoshi Club:
Got it, which network you will be used for IDO, Ethereum, or BSC? or both?

Mary | Satoshi Club:
It will be first and last sale?

Sam BlackHole:
Before moving forward, let me announce big News here!

Mary | Satoshi Club:
Sure! We love news!

😍😍😍

Sam BlackHole:
Congratulations 🎉 to the Community Members, you are the first in the world to see this poster!

Here is our Public Sale #PLAN 🔥😍

Raylin BlackHole:
Our IDO utilizes HECO for Westarter, Ethereum for Bounce and BSC for Helmet

D. | Satoshi Club:
Awesome! 🤩

Mary | Satoshi Club:
Wow! Fantastic 🚀🤣🤣

I had a feeling 😂

Your plan is perfect!

Sam BlackHole:
Yes, it is!

BlackHole Protocol:
$BLACK token Public Sale information all in one-page.

BlackHole Protocol IIO/IDO/IEO will be launched start from
⚠️April 28th at 12:00 SGT /04:00 AM(UTC)⚠️

HELMET
(https://helmetinsure.medium.com/iio-blackhole-black-fa7792e15f79)WESTARTER
(https://westarter.medium.com/westarter-will-launch-blackhole-protocol-black-on-april-28th-at-20-00-sgt-whitelist-is-open-now-bc4884d9f8cd)BOUNCE
(https://blackholeprotocol.medium.com/introducing-blackhole-protocol-x-bounce-certified-ido-whitelisting-f8d64d825d61)GATE.IO
(https://www.gate.io/en/startup/91)MXC

(https://support.mxc-exchange.com/hc/en-001/articles/360060361991)‼️ATTENTION‼️
Token Contract: 0x89E8416eA5b69863CCb34D3A5C74A86bf5549147

NO $BLACK token in circulation!
NO one from team offer tokens for sale.

Don’t fall for any FUD or scams.
Always rely on official resources!

Sam BlackHole:
Let’s move forward now! 🔥 🚀

Mary | Satoshi Club:
Guys, I don’t have any doubts about your success!

D. | Satoshi Club:
Thank you for the answers!

Mary | Satoshi Club:
Let’s move to the next question 👍

Sam BlackHole:
My pleasure 😉

Q2 from Telegram user @h1drX
The BlackHole protocol is based on the Ethereum network, and you say it extends to other blockchains, what does this mean? Will users be able to trade other blockchains on BlackHole? Is the Ethereum network the main one of BlackHole? Also, I would like to know what led you to choose the Ethereum network to develop BlackHole. Currently Ethereum has a lot of traffic on the network which causes that the transactions in the cryptocurrency network have increased significantly, and with them the commissions. Does this affect you in any way? How? Are you waiting for the release of Ethereum 2.0?

Sam BlackHole:
Interesting Question! Let me pull some info.

Our cross-chain technical support provided by our strategic partners
ChainSwap’s innovative technology allows BLACK contract addresses to be consistent across multiple chains of ETH, BSC and HECO. By providing a cross-chain bridge to ETH, BSC and HECO, BLACK users can use lower transaction fees and faster processing times for multi-chain transactions.

check to get more details –

https://blackholeprotocol.medium.com/blackhole-protocol-and-chainswap-have-entered-into-a-strategic-partnership-7215a724cb52

Sam BlackHole:
Done this question! 👍

D. | Satoshi Club:
How bridge will be working? does it take some time to send your assets from one chain to another?

Mary | Satoshi Club:
When it will be available?😉 Can we test any MVP now?

Raylin BlackHole:
We are partners with Chainswap and this where they excel, the bridging of assets ☺️

BlackHole Protocol:
ChainSwap Upcoming Features
please check :

https://chain-swap.medium.com/chainswap-upcoming-features-a41bc639a22b

Mary | Satoshi Club:
What about terms 😀

Raylin BlackHole:
Can u elaborate?

D. | Satoshi Club:
Thanks, i will check, I didn’t hear about this swap before 😊

BlackHole Protocol:
Our DAPP will go live in June, the smart contract has been completed and is currently undergoing internal testing

Sam BlackHole:
It’s a great one 😉🔥

Let’s move forward with the next question! 🔥

Mary | Satoshi Club:
Super! I think you have your first user, it’s me!👍

Let’s move 🚀

Raylin BlackHole:
Wow ❤️❤️❤️

Q3 from Telegram user @cryptofollower
Blackhole has strong backers and partnerships including NGC Ventures, Crypto Times, Au21 Capital, Helmet, ChainSwap, Gate.io, MXC, and more. What are the main purposes of these partnerships and what are the goals that will bring to the ecosystem? Also, what are the benefits these companies get from the Blackhole project, and how users can benefit from these partnerships?

Sam BlackHole:
Interesting question!

BlackHole Protocol:
In my opinion the best cross-chain tool right now is ChainSwap

Sam BlackHole:
Absolutely! 🔥🔥

Mary | Satoshi Club:
We should try it😀 i also never heard about it

Sam BlackHole:
BlackHole Protocol works closely with support partners including Bounce.Finance, #WeStarter, #Helmet.Insure, ChainSwap. They to provide more support & resources to create an approval-free decentralized & cross-chain burning protocol.

BlackHole Protocol has closed the strategic funding round with participation from #NGC Ventures, #Power Law Capital, AU21 Capital, X21 Digital, ShinChan, Oasis Capital, Crypto Times, 0xAlpha Capital, and BigCoin Capital.

These all are the Partners of BlackHole Protocol & in near future, we will provide liquidity of #UniSwap, MDEX Exchange & on Pancakes, more partners will be on board in the future.

Please visit the Medium link for more information.

( https://blackholeprotocol.medium.com/blackhole-protocol-closes-strategic-round-to-create-an-approval-free-decentralized-cross-chain-c55211d04376 )

Mary | Satoshi Club:
As I understand they got some $Black tokens, right?😀

D. | Satoshi Club:
👍 so some of your partners will somehow use your protocol in their ecosystems?

Sam BlackHole:
Advantages/Benefits of BLACKHOLE PROTOCOL—

1) All of the below platforms are strategic cooperation partners with BlackHole.
Helmet, ChainSwap, WeStarter, Bounce & Gate.io & MXC Exchange

2）Operation plan:
Seed Round→ Ambassador Investment Round→IDO R1&R2→LBP

3) All of the tokens in the private equity and IDO stage will be released based on the releasing rules after LBP.

4) After LBP, we will provide liquidity on Uniswap, Pancake, and Index. (For the reason that IDO、IIO、LBP are on different chains)

Raylin BlackHole:
Yes of course. Our partners will utilize each of our use case to help improve both of our ecosystems! 🚀🚀🚀

D. | Satoshi Club:
Very nice!

Sam BlackHole:
Done with this question! 😉

Mary | Satoshi Club:
Ready for the next question?😀

Sam BlackHole:
Yes 🔥😍

Q4 from Telegram user @dudeiebitch
According to your website, your dapp will be released soon. Firstly, do you have any testnet dapp which we can use and give remarks before the release of the main net, can you also give us a specific released date, what are the special benefits we should expect in your dapp when released. Do you plan to include cross chain transactions on your dapp and what is the wallet we should expect on your dapp for connection?

Sam BlackHole:
Nice question, once again!

Our DAPP will go live in June, the smart contract has been completed and is currently undergoing internal testing.

The functionality implemented in our V1 version is the basic functionality, supporting the burning pool of a single token.
The functionality implemented in version V2 is to support NFT burning for the 1155 protocol.

And we’ve supported cross-chain burning since v1 Blackhole protocol is designed with NFT concept and cross-chain support. With the tight timing, Blackhole protocol will start NFT rewards and cross-chain burning, making a solid foundation for penetrating a wider and larger ecosystem.
Any user or project governor could create a burning pool by holding BLACK and old token LP to permanently burn the old Token into a new Token

Sam BlackHole:
Done 😍

D. | Satoshi Club:
Do you planning any smart contract audits? 😉

Sam BlackHole:
In Blockchain Industry, “The CODE IS LAW ” We should focus on the Code & Smart Contract. Here is the Smart Contract for BlackHole Protocol –

https://etherscan.io/token/0x89E8416eA5b69863CCb34D3A5C74A86bf5549147#tokenAnalytics

Sam BlackHole, [27.04.21 14:36]
After LBP, we will plan for a Contract Audit.

Raylin BlackHole, [27.04.21 14:36]
After our LBP we will be having audit contracts! Rest assured we will be transparent and we are using top-notch algorithms in order to give users security and swift transactions.

Mary | Satoshi Club:
Do you already know audit firm name?😀

Sam BlackHole:
Not yet, at the moment! 🔥

Mary | Satoshi Club:
We will follow your updates 😉

Mary | Satoshi Club:
Ready to jump to the next question?

Sam BlackHole:
Sure 👌

Q5 from Telegram user @MaxiVV
Regarding your roadmap, it says that you will support NFT reward burning on Q4 2021. It seems interesting to me because I haven’t listened to NFT burning, how will be this? the same mathematical model for the token? Or will you apply other different?

Sam BlackHole:
Again a nice question, let me get some information to support this question 😉

Mary | Satoshi Club:
👏

Sam BlackHole:
Here is our #ROADMAP 🔥😍

D. | Satoshi Club:
Will you have your own NFTs?

BlackHole Protocol:
No plans for now.

D. | Satoshi Club:
So will you be working with NFTs from other projects?

Sam BlackHole:
The functionality implemented in our V1 version is the basic functionality, supporting the burning pool of a single token.
The functionality implemented in version V2 is to support NFT burning for the 1155 protocol.

Mary | Satoshi Club:
Can you explain in simple words how this will work? What should we have and what should we do to have benefited from using NFT reward burning?

BlackHole Protocol:
We will cooperate with any good project, including of course NFT.

Sam BlackHole:
This will be released in Quarter4 2021, please stay tuned with our official channels for official announcements! 😉🔥

Mary | Satoshi Club:
Gotcha! Thank you! Ready for the 6th and last question from this part?😀

Sam BlackHole:
Sure, let’s go 🔥

Q6 from Telegram user @Korryl
I see that a user or project can use your service to create burning pool and create a new token from that pool, what is the requirement to create a burning pool? Do we need to buy and use $Black token if we want to create a burning pool?

Sam BlackHole:
Interesting question!

Any user or project governor could create a burning pool by holding BLACK and old token LP to permanently burn the old Token into a new Token
Whenever we do a cooperative burning with a project we count 1 deflationary cycle

Black Token is a special burning economic system that follows the #geometrical progression convergence model, in which all of Black Token will undergo a “deflationary cycle”. After 15 deflationary cycles, the tokens will be left less than 5%, and the value of the token will increase infinitely with the “deflationary cycle”.

In the first phase, we will carefully select and collaborate with very good and well-known projects.

We are excited to announce that BlackHole Protocol, a cross-chain burning protocol, and NULS, an open-source, enterprise-grade, adaptive blockchain platform, have entered into a strategic partnership. Both parties will cooperate closely around the initial token exchange, quality asset mutual recommendation, cutting-edge situation research, and ecological resource sharing.
https://coinmarketcap.com/currencies/nuls/

And will implement DAO in Q3

Mary | Satoshi Club:
So, deflationary model? We should simply hold our tokens if we don’t need to burn something?😀

Sam BlackHole:
Done with this question! 😍

Yes, we need to hold #BLACK Tokens! 🔥

Mary | Satoshi Club:
👏 awesome! Btw, live part is almost here 😉

Part 2 — live questions from the Telegram community

Q1 from Telegram user @cryptofollower
As I see you have 6 IEO’s on both decentralized and centralized exchanges on Helmet, WeStarter, Bounce, Gate.io, MXC and MDEX. I think this will bring a huge impact on the project. How many tokens totals are you going to sell on these IEO’s and what are your expectations about the fundraising? Can you share the details of these public sales especially touching on the whitelisting requirements?

BlackHole Protocol:
Token Information
Token name: BlackHole Protocol
Token symbol: BLACK
Max Supply: 100,000,000 BLACK
Token Type: ERC-20
Token Contract: 0x89E8416eA5b69863CCb34D3A5C74A86bf5549147
Private Sales Price: $0.05
Farming 50%
Eco Fund 10%
Development Team Fund 10%
Marketing 5%
Initial Liquidity 5%
Seed round 5%
Ambassador round 10%
IDO R1 1%
IDO R2 1%
LBP 3%
Trading starts time: April 29th 13 :00 PM(UTC)

*Total supply of $BLACK is 100M, IDO price is 0.05 USDT, the Initial market cap of $BLACK is $5,000,000.

Q2 from Telegram user @topind7
Can you tell us the difference between the first version of your Governance to the second version? I.e the V1.0 and V2.0.

BlackHole Protocol:
The functionality implemented in our V1 version is the basic functionality, supporting the burning pool of a single token.
The functionality implemented in version V2 is to support NFT burning for the 1155 protocol.

And we’ve supported cross-chain burning since v1
Blackhole protocol is designed with NFT concept and cross-chain support. With the tight timing, Blackhole protocol will start NFT rewards and cross-chain burning, making a solid foundation for penetrating a wider and larger ecosystem.

Q3 from Telegram user @Lovely_DC
The main actors of success are the project, the investor, the community and the developer. what strategies did you engage with them? How will you attract investors and build trust and win the hearts of millions of people in your project?

Sam BlackHole:
In order to establish the branding affect and enlarge the range of influence of the BlackHole Protocol as well as building the long-term comment sense of the ecology of the BlackHole Protocol, we decide to enforce our BlackHole Protocol Global Ambassador Recruitment Plan. The plan is facing the Self-media KOLs in the Defi vertical sector, rating agencies, community opinion leaders, social software administrators, video podcasters, and other domains in the #Defi vertical sector.

We have around 133KOL’s or Influencers from all over the World, we have #Twitter Influencers as well as #YouTube Influencers!

Please check the below link – 👇

https://blackholeprotocol.medium.com/blackhole-protocol-global-ambassador-recruitment-plan-7602eb8da312

Q4 from Telegram user @Eminet001
Among these helpers that contribute to project success which do you consider most important
1 SECURITY
2 COMMUNITY
3 TOKEN PRICE
4 YOUR PARTNERS

Raylin BlackHole:
Hello, this is rather a subjective question! Being part of the Blackhole team we are always Prioritizing the COMMUNITY with that being said, SECURITY is next! If you have proper security on your system u gain the community’s trust. It’s hard to choose between security and community, but as a community-driven project, Ill give the community 10points and security 9.9 points! With great community and security comes big PARTNERSHIPS! and of course, when you have these 3(Community, Security, Partnerships) on your arsenal Price will follow suit!

Q5 from Telegram user @Robotliker1
What real problem does black protocol try to solve in real life and blockchain? How do you intend to increase the use case of your project for sustainable growth?

BlackHole Protocol:
With the rapid expansion of Defi ecosystem, considerable traffic and users have flooded in. In parallel with the DeFi boom, more eco-tokens are accumulating on-chain, with new mainchain ecosystems and loads of application emerging. Such a situation means that tokens are continuously issued and glutted in the defi world, overwhelms the capacity of the Defi world. Correspondingly, the blockchain world could use the recast to burn and rebirth these materials, bringing a surging drive to the originally overloaded ecology.

However, projects themselves gain benefits from the token burning process, the process is not a zero-sum game. During the token burning, token holders could also benefit from the process. Superficially, token burning will only benefit the project owner, but actually, both investors and project owners could benefit in this mechanism. Obviously, burning could help stabilize the value of the token and curb possible price inflation. Then the stability of the token incentivizes investors to hold the token and positively affect the token price, thus keeping the network functioning properly and the bandwidth stable. Token burning also demonstrates a confidentiality and reliability characteristic that is more evident in the early stages of tokenism.

Q6 from Telegram user @callmesudi
What strategies will you employ for your ecosystem? How do you maintain a balance between developing technology and also increasing the value of your token??

Sam BlackHole:
Here is our Strategy to launch, it will maintain the balance between developing technology! 🔥

WeStarter-

We are announcing that WeStarter will launch BlackHole Protocol on April 28th at 20:00 SGT. Please check the below link for more information –

https://westarter.medium.com/westarter-will-launch-blackhole-protocol-black-on-april-28th-at-20-00-sgt-whitelist-is-open-now-bc4884d9f8cd

MXC Exchange –

The 28th Session of the M-Day Program is happening soon. M-Day Program is a series of activities held on MXC Exchange for mainstream crypto traders/holders to participate in to enjoy discounted prices on project tokens. The project for this upcoming M-Day is BLACK.

Please check the below link for MXC Exchange –
https://support.mxc-exchange.com/hc/en-001/articles/360060361991

Gate.io

Gate.io has launched Startup, a platform that aims to provide users with access to innovative and advanced projects. Traders now have more opportunities to make an initial investment.
Gate.io Startup will launch its next project with BlackHole Protocol on April 28th, 2021 at 04:00 AM(UTC).

Gate.io StartUp Link – https://www.gate.io/en/article/20471

Q7 from Telegram user @AllenLu
Deflation + Burning = experiment that you think this will survive despite a mega dump since deflation is very difficult to maintain Do you think this will work?

BlackHole Protocol:
Any user or project governor could create a burning pool by holding BLACK and old token LP to permanently burn the old Token into a new Token

Whenever we do a cooperative burning with a project we count 1 deflationary cycle

Black Token is a special burning economic system that follows the geometrical progression convergence model, in which all of Black Token will undergo a “deflationary cycle”. After 15 deflationary cycles, the tokens will be left less than 5%, and the value of the token will increase infinitely with the “deflationary cycle”.

Q8 from Telegram user @KhaleesiTheCryptoLady
What is the life-changing 😁offers that Black Protocol could provide to its investors that would make them satisfy holding Black token?

Sam BlackHole:
BlackHole Protocol is in the process of Development. Here is the Launching dates & events of the #BLACKHOLE Protocol ”

We will launch #BLACK Hole Public Sale on these Platforms

PUBLIC Sale from April 26th to April 29th

Helmet – IIO
WeStarter IDO
BOUNCE – IDO
Gate.io – IEO
MXC Exchange – IEO
MDEX – LBP

The long-distance plan will provide the Liquidity on #UNISWAP, MDEX Exchange, and #Pancakes ( All are Decentralized Exchange)

Q9 from Telegram user @mobilejii
Black protocol is a great project but security is major importance. How secure is your smart contarct from bugs and vulnerability? Audit is important aspects when can we see it?

Raylin BlackHole:
Hello yes, Blackhole Protocols one of the major priority is the security of our systems, I can say we are very secure since we have an experienced team and dev that are closely examining the code and fixing every bug there is! We are using top of a line algorithm with the help of an advanced mathematical model to ensure the safety of our users and give them smooth and swift transactions.

Q10 from Telegram user @centoscu
What are the benefits of holding Black tokens and while holding Black tokens, are there any governance vote rights for us?

BlackHole Protocol:
· Platform income (fees and governance).
Version V0.1 will be free to the projects, and then token burning fee and reward distribution will be taken in the future, which will be used to repurchase BLACK. Black stakers can also participate in governance directly through staking.
·Farming
Black Token’s life cycle will be divided into three phases. Birth — heyday — infinite deflation. In the first stage of “Birth”, Black Toekn will start staking and liquidity farming plans after the IDO.
Black plays a central role in the ecosystem, and its value mainly reflects in governance, a medium of ecosystem, and incentives of liquidity providing. As the Black deflation, the tokens would be deflation indefinitely.
Expected residual account after 15 cycles: 3518437 BLACK (≈3.518%)
Expected residual account after 20 cycles: 1152921.6 BLACK (≈1.15%)

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of BlackHole Protocol. 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:
BlackHole Protocol Telegram community:  https://t.me/BlackholeProtocolOfficial
Twitter:  https://twitter.com/blackholeburn?s=11

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Scaleswap and our guests were @ralf_p_gerte, @Mark_Scaleswap, @Jesstherover and @stolberg. The AMA took place on 15 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 Scaleswap! Welcome to Satoshi Club😀

Andrés M. | Satoshi Club: [ 😃 Sticker ]

Mary | Satoshi Club: @ralf_p_gerteis welcome here 😀

Andrés M. | Satoshi Club: @ralf_p_gerte is welcome to Satoshi club, how are you?

Ralf P. Gerteis: Thank you very much for having us!

All good here – our last mile before IDO!

Andrés M. | Satoshi Club: When is going to occur?

Mary | Satoshi Club: Awesome! Let’s start our AMA! We want to know about Scaleswap as much as possible 👏

Ralf P. Gerteis: We did not yet publish the exact date but it will be still before end of May!

Mary | Satoshi Club: We will wait for the announcement 😍

Andrés M. | Satoshi Club:  Don’t forget to share the announcement with us😃

Ralf P. Gerteis: Absolutely! 😊

Mary | Satoshi Club: Ralf, also, could you please introduce yourself and tell us more about Scaleswap?

Ralf P. Gerteis: Sure, I’m the Co-Founder and CEO of Scaleswap. I’m an entrepreneur at heart with 20 years of experience as an executive, management consultant, board member and angel investor. I’ve been full-time in the blockchain sphere for more than 4.5 years.

The Scaleswap family consists of 2 co-founders, Stan and myself and 6 team members as well as 7 great advisors.

We are the first fair IDO launchpad on the scene. We stand for transparency, a community- as well as token-centric approach and with the long-term vision to transform IDO’s to a more sustainable construct that’s here to stay. We also use the latest technology (ETH layer 2 scaling protocol, powered by Polygon) but foremost we value our community and give them the opportunity to earn influence in our DAO and guaranteed access to launch pools of selected high-quality projects before their launch by their continuous loyalty, no matter of their budget (-> ScaleSCORE).

Mary | Satoshi Club: How did you get involved in crypto?😀

Ralf P. Gerteis: To be honest by coincidence 😊 After my exit from my consulting company Fusion Consulting AG (SAP Consulting and Management Consulting) in 2016, I wanted to make a deep dive in the emerging tech startup scene and as I was living in the Crypto Valley in Switzerland, I was pretty fast caught by the blockchain virus 😃

Mary | Satoshi Club: It was very lucky concidence 🤣

Ralf P. Gerteis: Absolutely – don’t want to miss a day since being in the crypto sphere!

Ok, Crypto Winter could have been a nicer time, though…

Mary | Satoshi Club: Crypto winter was as cold as Crypto summer is hot now🔥

Ralf P. Gerteis: So right 🔥🔥🔥

Andrés M. | Satoshi Club: Was a great opportunity, look for everything that you was gained on crypto 👏

Ralf P. Gerteis: And it will get even hotter after the Scaleswap launch 🔥🔥🔥

Mary | Satoshi Club: Sure😉 Thank you, Ralf for your intro! Do you want to add something or we can go to the questions from our community?

Andrés M. | Satoshi Club: Waiting for it🥳

Ralf P. Gerteis: Sure, please shoot the questions over 😊

Q1 from Telegram user @pixma00

Scaleswap has developed a highly token-centric economy to support healthy token development and reward our community for their participation, dedication, and loyalty.  What differences can I find between Scaleswap and the DeFi platforms that are currently operating?  Can you tell us a bit about the layer scaling you have decided to implement?  What are the important features that make Scaleswap stand out?

Ralf P. Gerteis: Let me start with the more token economics related part…

We will have public and private pools and the core of our solution is our ScaleSCORE, a 360° loyalty scoring system. Our future pools won’t be based on lottery only! Holding SCA tokens is one of several elements that determine your ScaleSCORE. And holding your SCA tokens without interruption increases your score as well over time as well as keeping your SCA token holdings ideally at the maximum amount you’ve ever held. And not all criteria are SCA token related – but we can’t reveal yet more – more news will be released soon. There will be 6 dimensions in total.

Mary | Satoshi Club: @Mark_Scaleswap @Jesstherover @stolberg welcome to Satoshi Club 😀

Andrés M. | Satoshi Club: [ 🤗 Sticker ]

Mary | Satoshi Club: So, the difference is in tokenomics?

Andrés M. | Satoshi Club: What will be the maximum supply?

Ralf P. Gerteis: It’s one of our main differentiators but Stan will add the tech part as well regarding layer sclaling

Maximum supply will be 25m SCA tokens

Mary | Satoshi Club: It’s low supply 😀

Ralf P. Gerteis: Yes, and we will for sure burn nicely 😉

Stanislav Stolberg: Hello everybody👋 Now I can write:)

Yes, we believe that layer scaling is essential for the ETH ecosystem and we’ve chosen Polygon as an established partner with a proven/ working L2 technology. The decision was made after the research on all existing solutions up to date – it turned out that Polygon was one of the most advanced, but also the most progressed and production-ready.

At the same time we are evaluating further integrations and bridges to other protocols.

Mary | Satoshi Club: Btw, do we already have launchpads in cryptospace which are working on l2?

Ralf P. Gerteis: As far as we are aware of, we will be the first one operational on L2.

Andrés M. | Satoshi Club:  Great achievement btw

Ralf P. Gerteis: Thank you very much!

Mary | Satoshi Club: Fantastic!👏

Andrés M. | Satoshi Club: So, could you tell us more about your current partnerships? Different of polygon

Ralf P. Gerteis: We are having partnerships in all kind of dimensions and did not make all of them public. Like in the marketing area, we will have a partnership with Biconomy on tech side, we are having a collaboration with Hacken (who executed also successfully our smart contracts audit) and with projects like MetisDAO (where we will build our DAO on). We are having also a collaboration with InnMind, one of the largest digital startup ecosystems. In addition, we are checking with a number of other providers if a collaboration makes sense, but we will be pretty picky. Quality before quantity 😊

Mary | Satoshi Club: Wow, you made awesome job!

Ralf P. Gerteis: Thank you so much!

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

Andrés M. | Satoshi Club: You are creating a big ecosystem, congrats😃

Ralf P. Gerteis: Sure 😊

Q2 from Telegram user @giovannialc

I find it very gratifying that your system was designed to ensure that the participants most committed to their mission are always rewarded (rather than simply favoring those with the largest budgets) that is, if a user has a low amount of Token can be rewarded in some way just by contributing to the well-being of the project? What happens to those who have a high budget, how would they be rewarded since they also contribute their part to Scaleswap?

Ralf P. Gerteis: Scalescore will be earned through 6 different dimensions of loyalty and participation. In contrast to our competitors, the amount of tokens you hold is only one part of it. And not all criteria are SCA token related. The system was designed to ensure that the most committed supporters of our mission are always rewarded (rather than simply favoring those with the biggest budgets). But at the same time, holding high amounts of tokens and providing liquidity has also an influence on the ScaleSCORE and will be in addition incentivized.

Andrés M. | Satoshi Club: So, it works as a governance token?

Ralf P. Gerteis: Absolutely

Mary | Satoshi Club: Do you have any articles which explain this?

Ralf P. Gerteis: https://medium.com/scaleswap/introducing-the-scaleswap-sca-token-utility-and-benefits-d9eeb84fe44a

here you go 😊

 (not yet everything revealed)

Mary | Satoshi Club: Thank you for sharing!

But may be you can tell us the minimum amount of tokens required?😀

Ralf P. Gerteis: The first points you get for >1 SCA token 😊 and then we have a formula behind that calculates the points up to 100’000 SCA tokens (above that no additional points are earned)

Mary | Satoshi Club: Super! It seems easy 😉

Ralf P. Gerteis:We’ll have a dedicated article explaining all details in a simple way. So, we feel comfortable that it will be easy for our community AND FAIR 😊

Andrés M. | Satoshi Club: Thanks for share it, would you like to add something before the next question?😃

Ralf P. Gerteis: Nope, anyway can’t reveal more for now 😊 Next one please!

Andrés M. | Satoshi Club: Great job, community is the pillar of the projects

Ralf P. Gerteis: Yes, out most precious asset!

Q3 from Telegram user @Suboo112123

The scaleswap team target to set the new standard in the launchpad space by making excessive gas fees a thing of the past, and re-imagining community appreciation and governance through ScaleSCORE, a comprehensive scoring system so what are the 6 different dimensions that are receive the loyalty rewords?

Andrés M. | Satoshi Club: Completely agree

Ralf P. Gerteis: That’s what I’ve meant 😊 I can’t reveal all of them but 3 dimensions are directly related to our SCA token and two categories are related to our platform and the project that are launching on it. And there is kind of a bonus category that adds as well strong value to our healthy token economics.

The copycats are pretty attentive these days…

Andrés M. | Satoshi Club: Can you give us a little easter egg? What will be the name of each dimension?

Oh that’s right haha

Ralf P. Gerteis: This would be a big easter egg 😃

Andrés M. | Satoshi Club:  😁

Then let’s talk about safety, have your contracts been audited or are in process to be?

Mary | Satoshi Club: I think we have question about this😉

4th😀

Andrés M. | Satoshi Club: Oh, then let’s proceed, @ralf_p_gerteis ready to go?

Ralf P. Gerteis: Stan is just giving some more insights about the audit topic…

Mary | Satoshi Club: Let’s post it😀

Q4 from Telegram user @johana0012

 Scaleswap is a fully decentralized IDO launch platform, built on the scale of Ethereum Layer 2. Recently Scaleswap has announced an audit of the renowned cybersecurity company Hacken, which until 3 days ago was painstakingly visualizing each and every one of  the details of smart contracts. What were the results of this audit? What was the qualification obtained in this audit?  Were problems discovered through the audit?

Stanislav Stolberg: Thank you for bringing this very important question. Security of user and platform assets is always a top priority for our development team. We’ve been uncompromising in our approach to developing a bulletproof, well-audited, and battle-tested platform before launching. And I’m happy to share that Hacken recently completed a code review and security analysis of our smart contracts and awarded us with the highest possible rating of “well-secured” – having uncovered zero critical issues.

Our cooperation with Hacken will continue as we add additional layers of protection through upcoming penetration testing and additional code reviews.

In addition to the full audit (smart contracts and penetration testing), we will conduct a bug bounty program to maintain the highest level of security.

You can read more on this here:

https://medium.com/scaleswap/scaleswap-announces-audit-by-renowned-cybersecurity-firm-hacken-db7ddce01ff4

Mary | Satoshi Club: When do you plan to start bug bounty? Which rewards do you plan for it?

Andrés M. | Satoshi Club:  [ 🤗 Sticker ]

Ralf P. Gerteis: 🦾

Stanislav Stolberg: We do plan to start bug bounty very soon, I cannot reveal the exact day though. But it must be still in May. We are currently working on the reward structure and numbers depending on the level of severity of the findings, so hobbies whitehats can earn some bugs;)

Andrés M. | Satoshi Club: Do you have any announcement channel to join?

Mary | Satoshi Club: Gotcha! I am sure a lot of bug bounty hunters already put notifications on your channels 😀

Ralf P. Gerteis: https://t.me/scaleswapann

Mary | Satoshi Club: Thank you! 👍

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

Mary | Satoshi Club: Ready to go to the next question?😉

Ralf P. Gerteis: Yes, sure!

Q5 from Telegram user @Xusuo

 Scaleswap will doing IDO on Polygon. On your site you claim that Scaleswap want to doing IDO differently and unique than other platform. So can you explain what is your plan to make your IDO become special? Can you explain more detail to us about your IDO? when is it?

Ralf P. Gerteis: Our ScaleSCORE loyalty system will have a strong impact and will make participations definitely most fair in the IDO Launchpad sphere. In addition, we plan to transform the IDO process and mechanism to a more sustainable model in the mid- and long-term but first we need to get to the pole position 😉 to have the maximum power to enable such a transformation. As the ScaleSCORE will not yet have an effect for our own IDO (no loyalty can be measure with our dimensions yet), we will have to base to a certain extend as well on the not so much beloved lotteries but we are honoring our early community members e.g. with our NFT givaways which allows guaranteed pool participations.

Mary | Satoshi Club: To be honest, i finished to participate in IDO, because never was successful

Andrés M. | Satoshi Club: Could you share some designs of those NFTs? We love digital art

Mary | Satoshi Club: But i will definitely try your platform 😉

Ralf P. Gerteis: Come to Scaleswap, be loyal and you’ll have a different experience 😉

Loyal is the new brave!

Mary | Satoshi Club: Yes, NFTs are our passion 😍

Ralf P. Gerteis: Unfortunately not yet – will be revealed soon!

Andrés M. | Satoshi Club: But you have the designer? Who will be the artist?

Ralf P. Gerteis: The Orange and the Blue Diamonds will be done by our designer who is an artist himself – and a very good one 😊 and the Red Diamond will be a Top NFT artist who sold artwork of more than 5m USD already and who has a HUGE social media following. Stay tune – this will be an epic auction 😉

Andrés M. | Satoshi Club: Amazing news😁

Mary | Satoshi Club: Thank you for your answers, Ralf! Ready for the 6th and last question from this part?

Ralf P. Gerteis: Absolutely!

Q6 from Telegram user @antoni_azx

 On your roadmap it’s mentioned that the public testing of your platform will be incentivized, can you tell us more about these incentivizations for your community to try your tools? Will you make any contest or competition in the future?

Ralf P. Gerteis: Next to bug bounty, we will also check the possibility of public testing. Due to the tight timelines, we cannot assure this public testing yet. But there will be an announcement in the coming 3-4 days to confirm.

Mary | Satoshi Club: We understand 😀

Andrés M. | Satoshi Club: Btw, what will be the greatest event for Scaleswap for this 2021?

Ralf P. Gerteis: Good question, so much things will be upcoming. So our own IDO will be a great story as it is also the launch of our platform but also some days beforehand the auction of the Red Diamond NFT will be an epic event. Around 4-6 weeks after launch we plan to add the first additional integrations to protocols and/or L2’s and in V2 we will also add the “autopilot” function 😉 A lot is coming very soon and even more still in 2021!

Mary | Satoshi Club: So many upcoming events 🤩🤩🤩

Andrés M. | Satoshi Club: It sounds that you will be so busy next months😃, a lot of fantastic things are coming for the project, our best wishes for Scaleswap👏

Ralf P. Gerteis: Thank you so much!

Mary | Satoshi Club: So, we came close to the live part now😀

Are you ready for it?🚀

Andrés M. | Satoshi Club: To you for your great answers, this first part of the AMA has been awesome, now is time to interact with our dear community members🥳

Part 2 — live questions from the Telegram community

Q1 from telegram username @cindy_crypto

Do you plan to add staking or farming support for your token SCA in the future?

Ralf P. Gerteis: We are not big supporters of staking as we think there are more sustainable methods to incentivize. We will launch a liquidity provision incentivation, and for locked liquidity also with a farming option!

Q2 from telegram username @vedamatrix

How can I increase my ScaleSCORE for winning more IDO’s?

Mark | Scaleswa: Hi @vedamatrix! The exact ScaleSCORE metrics will be released prior to launch so that our early community members have the opportunity to plan and prepare. Stayed tuned to our Telegram channel for updates, and rest assured, your power on our platform will always be in your own hands 💪🏻

Ralf P. Gerteis:

As we can’t reveal yet all dimensions of our ScaleSCORE, a more generic reply: In being loyal with Scaleswap, our SCA token and the projects that are launching on our platform.

Q3 from telegram username @KhaleesiTheCryptoLady

What are the incentives you could give to SCA holders and to the loyal and committed supporters of ScaleSwap?

 Jessie: The benefits of SCA token includes but not limited to guaranteed pool participation, voting power in DAO governance, airdrop from our projects and access to unlocking advanced features such as autopilot participation. You can read more on our Medium articles : )

Q4 from telegram username @testercoin

This is the first time I’m seeing a project using CasperLabs for layer 2 solutions. What’s your partnership with CasperLabs?

Ralf P. Gerteis: We have a great relationship with CasperLabs and I know Medha (CTO) personally since years. We are working out an official partnership with CasperLabs very soon and will publish that as well. We see here a great potential to be the first launchpad that goes into this direction. But we will also keep the other hot options in mind like the emerging Solana protocol as well as BSC (but which is getting already crowded with launchpads) and some others.

Q5 from telegram username @esrarengizbtc

Thanks to a well-planned Marketing strategy, the chances of success of projects increase. What is your strategy for attracting potential investors globally to your project’s ecosystem and for mutual benefit?

Jessie: I lead marketing at Scaleswap and I’m pleased to say that we have onboarded 80+ influencers who believe and invest in our project, that’s step 1. Our influncers and partners are both global and local, giving us a strong headstart in the game. Long term wise, we aim to be the best community-centric and token-centric project by being fair and transparent, reward our most loyal members and offer top level support to projects that are launched on Scaleswap. The sucess of our community and projects define the success of Scaleswap.

Q6 from telegram username @boradam

Who are the developers of the Scaleswap project and what are the experience of them before this project?

Mark | Scaleswap: Stanislov Stolberg is the driving force behind our technology and security as CTO. He brings a wealth of passion and expertise in the areas of decentralization, security, and creative community. He’s served as an independent consultant of some major industry players like Deutsche Bank and Insurance ERGO and he is also an experienced entrepreneur.

You can find more details about each of our team members and links to their social profiles at: https://scaleswap.io/

Q7 from telegram username @cryptofollower

You named your IDO launchpad as Defi 2.0. When you say layer 2, I’m all ears for what I can save for gas prices. Right now for me and for the most people to choose invest on centralized exchanges is the gas prices on decentralized exchanges and IDO’s on launchpads. It costs really much gas price and also because of slow speed on Ethereum network there are transaction fails and lost of gas costs. I can talk more about this but how can you solve this problems with the Scaleswap project? Please explain me when I join an IDO and bought the token with low cost of gas, will I see my tokens on my ERC-20 compatible wallet? Or will I need another kind of wallet. How will this system work for us? I think this project is really different from other defi launchpad projects.

Ralf P. Gerteis: Very good question… Yes, with DeFi 2.0 we see on the one hand the technical advancement with building on Layer 2 – Polygon and on the other hand we are having a step by step approach of being fair and develop the IDO space to a more sustainable model. Yes, indeed, being on layer to and navigating from there means close to 0 gas fees. I did 50 transactions lately and it cost me maybe 0.05 USD and the ecosystem is thriving with 1inch, Quickswap, Aave and many others, so you can do already a lot without moving from L2/ Polygon. For the onboarding process, we will will have a UI that guides you through the whole thing, you can use Metamask, no need to create any new wallet and you even don’t need to switch the network in Metamask (confidential how we do that)… So we are trying to keep things as simple as possible while using the big benefits of L2/ Polygon.

Q8  from telegram username @smelekin

Why should people join your launchpads what do you provide them other launchpad projects don’t provide?

Ralf P. Gerteis: We are fair, transparent and we have plans to make IDO more sustainable in future. And our community honors this very much. We believe that we are building up the most loyal and great community out there that fully believes in our mission and values – and not only in “where is the next 100x” but who are blockchain believers and enthusiasts and who are having a long-term view on it.

Q9 from telegram username @mucana

The biggest fear of investors is to be deceived. Could you tell us about your security measures to address this concern and trust us?

Ralf P. Gerteis: Stan, our CTO, is himself a security expert. We completed a successful security audit by Hacken with the highest rating, we are having an internal audit freelancer engaged and we will perform several audits. Penetration testing is starting these days and there will be a bug bounty in collaboration with Hacken. In addition, we are checking the possibility for a decentralized insurance of funds. With this setup, we believe that we are very well prepared. But 100% security is a target that is not reachable. You can only give your best to get as close as possible to the 100%.

Q10 from telegram username @MCBTrade

Do you expect an increase in competition among new projects? What competitive advantages can the components of your ecosystem give you?

Ralf P. Gerteis: Hi there,

Yes, there will be a strong competition but that’s a good thing and should increase the quality and offering. We are the most fair and transparent launchpad with the most loyal community. We have values that we stand for and if a project launches on our platform it will be kind of a quality seal. In addition we have loyalty-by-design by our ScaleSCORE also for projects that are launching on our platform. This is a great advantage for them. In addition, we’ve built up a network of around 35 great backers that will support strongly with deal flow of the best projects. Let’s get ready to rumble 💪

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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