We are pleased to announce our next AMA on June 26th 2021 at 01:00 PM UTC Time: Satoshi Club x Sonarplatform
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Sonarplatform Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Sonarplatform Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Sonarplatform
For more details:
Sonarplatform Website – sonarplatform.io
Sonarplatform Telegram – @sonar_official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Sonar is the next generation crypto tracking dashbord with so many unique features to facillitate users. And also there a Tier structure is used which has three different Tiers.
Why is there three different Tier structure and could you tell us more about these tiers ? which criteria is used to classify users into these tiers ?will more tiers be introduced to this tier
structure?
With a welfare exclusive to $PING token holders, is Sonar sponsored exclusively by PING? Could you tell us more about this relationship? How does SONAR deal with obstacles to accessing De-Fi services: liquidity being fragmented to various protocols and services, trade fee, subpar UI/UX and high gas cost with on-chain transactions? And will Sonar integrate into the BSC market and become part of the BINANCE NFT market soon?
“Continuous Development of Novel Technologies to Enhance Crypto Asset Analysis for Sonar Platform Users”. Can you give us more details about the technologies? Is staking supported in your project? How will system operate? Is it secure? What is necessary for we need to stake in your platform? Can you tell us more about the criterions you set as well? What ambitions do you expect to attain? Do you consider that you have achieved what you have purposed so far with your project? What do you think is still missing?
Sonar is said to draw data down from social media, influencers, and many other metadata sources and then aggregates, compiles and scores them to give Users trade signals that are not available from any other platform… so what kinds of data do you source from social media, how does your system source for this data on social media, and when all this data has been collected how do you system go on to aggregate them to come up with useful trade signals for your users…
The Sonar Platform is said to be an AI driven data aggregation suite which monitors the BSC and Ethereum networks (PancakeSwap, Uniswap) in real time, and Meta-data is gathered and analyzed automatically and fed into your easy-to-use interface… as a data aggregation suite, a lot of data goes into your platform from the numerous sources you monitor, how do you ensure that all this data are transmitted and used in a secure way, and what kinds of data does your AI algorithm aggregate from the BSC and Ethereum networks..
It is stated that Sonar platform platform will also provide an incredibly advanced alerting system that can react to several kinds of events with never before seen options…. How will this advanced Alerting system work, what kinds of events will it be able to respond to, how can users be able to use this alerting system and what kinds of alert options will they be able to use it for.
It came to my attention that in order for users to be able to access Sonar’s tools, you provide multiple tiers of services, with the most advanced features available exclusively for $PING token holders. Can you tell us more about this tiers then? How many levels of tiers does Sonar have and what are the requirements for being on each one of this tiers? Also, what are the benefits on every one of this levels? What are those “most advance features” that will be available for $PING holders? What is the min. amount of tokens they need to hold and for how long do they need to hold before start using this advanced features?
Sonar’s mission is to provide an all-in-one suite of holistic cryptocurrency analysis tools for investors at all experience levels, to help them reduce business risk and increase the likelihood of profitable trades. What specifically are the tools that Sonar provides to investors with little knowledge of trading and cryptography in general? Do you have staff dedicated to answering questions to investors? Do you need to know the basics of cryptography to use Sonar?
In your whitepaper you say that Sonar continues to have an active experience operating philanthropic programs in some of the least developed countries in the world. Can you tell us more about this topic? In which countries exactly do you keep these philanthropic programs active? What are the causes for which you fight?
The third quarter of 2021 started about a month ago, however, according to your roadmap, you have not completed the activities of the second quarter, are you experiencing problems with the last three activities of Q2? This could delay future project plans, why has the Listing On CoinGecko, Coinmarketcap, Blockfolio, Logo On Web3 Wallets And PCS and Audit Through Techrate Auditor taken so long?
I read on your Twitter page that your newest addition to your platform is “Sonar Wallet”, but I looked out for it on your website or any information related to it and I couldn’t find anything, so can you tell us more about this wallet? What do I need to do to have a Sonar Wallet and what benefits will I get because of that? What tokens besides $PING will I be able to have there? Where will I be able to connect my wallet to?
Sonar aims to be a all-in-one platform for crypto investors, where instead of having to individually research social network/influencer trends, vet contract code, price charts, etc, on different platforms, they will be able to do all this in one same place, at your platform. But I wonder, there are a lot of different platforms that are exclusively dedicated to develop each one of this functions, how will Sonar compete, specially in quality, on these features if we compare them side by side? How will Sonar be able to offer features all equally as good and even out perform platforms that are dedicated to only one?
One of the biggest problems in crypto is ‘SCAM PROJECTS’. People are losing millions in these scams. Even audited Projects are scamming people. So does Sonar analytics tells us about the credibility of the project if it is a Scam or legit?
You have launched on Pancake Swap in the first quarter of your project. Congratulations! However, according to your roadmap, Techrate audit and CertiK Contract Security Audit are yet to be done. Why didn’t you perform these audits prior to the launch? When will the audit reports be available? Until then, how can we rely on your project and invest in $PING? Please briefly explain about the steps you have taken to ensure security of the Sonar platform.
You have mentioned about 3 Tiers. It is a little bit confusing for me. In Tier 0, we have access to basic features. What do you mean by “basic features”? Further, in Tier 1, we have the advantage of removing advertising banners, but this is not included in Tier 2. Does it mean Tier 1 is better than Tier 2? Then what is the reason for limiting Tier 0 to basic features? Plus, can you explain about the amount of $PING tokens we need to hold for each Tier? Please let us know whether holding $PING is the only task we have to complete to achieve these Tiers.
Usually, people don’t like to pay for a service that doesn’t satisfy them. Providing 100% results is quite difficult. What will happen if sonar analytics shows that the project is good and trustable and Sonar users invest in it and later that project scam everyone!! It will tarnish the whole image. How you will handle this situation?
According to you, you have not chosen BNB pair due to the uncertainty in the market. Don’t you think this uncertainty has a negative impact on your project? Why didn’t you wait until a better market condition? What are the challenges in the current situation and how are you going to face them? Please explain about current issues you have identified and possible solutions for them. By the way, are you planning to introduce BNB pair in the future? Are you looking forward for better market conditions for that?
On its website, Sonar says that the Sonar Tokenomics will provide the holders of $PING with rewards and stability, could you tell us what would be the benefits that users would receive by being holders of their crypto? What are the strategies that Sonar has in mind to make the $PING token sustainable? How do you think this will help the growth and stability of the SONAR platform?
Sonar aims to provide investors with an all-in-one platform to perform all the leading DYOR functions for coins in the Binance Smart Chain. Features such as rug screens, honeypot identification, liquidity lock checks, contract ownership checks, whale/bot tracking, social media presence tracking/impact. We all know that on a daily basis many cryptocurrency projects are being launched on both the Binance and Ethereum blockchains, How do you plan to stay up to date with the new tokens and coins that launch on these blockchains? You are starting your project on the Binance Chain, Do you plan to expand to other blockchains like Ethereum, Polkadot, Polygon, Heco? What are the parameters or tools will you use to make your project different from other Crypto Tracking platforms?
Something that will always be fundamental in crypto ecosystems is security, regarding to this, in SONAR’s whitepaper there is a section that talks about CONTRACT VERIFICATION AND AUDIT, where Sonar does the Audits, verification and certifications directly with the data source, and the different projects must meet a security quality score of the contract. Could you tell us what is that minimum score required to be approved by SONAR and how it is guaranteed for users that this score is synonymous of transparency and reliability?
Sonar plans to deliver a secure, non-custodial wallet service which provides profit/loss data for individual and portfolio investments, and Sonar holders will be able to not only interact with Ethereum, but able to capture staking/yield farming. What is the quantity of tokens required in order to use the platform? In your platform, a Two Tier system is required to properly use your platform, What is this two tier system, and how will users be able to have full access to your platform?
According to your website, PING token holders have access to advanced tracking features and take advantage of Sonar’s unique analytics. There are three different tiers and each one grants certain benefits. What are the requirements that a user must meet to enjoy each tier? What are the benefits of this operational model? Also, I noticed that $PING has a 10% fee for each transaction, doesn’t that seem a bit high? Besides that it does not own the burning of tokens, why? Do you plan to introduce this system in the future?
One of the services that the Sonar ecosystem provides to its users is “Commercial Notifications”, it caught my attention because it is not yet available for use, can you briefly explain what the function of this feature will be? Also, do you plan to expand all ecosystem functions and add new functions in the future?
Is the Sonar Platform team experienced enough to undertake such a project? Is the team capable of advising users on their investments?
In your Roadmap in Q3,Sonar is setting up Metadata Tracking Layer And Frontend UI Development.What will the metadata tracking layer be use for in your platform?I know thriving in developing Frotend UI requires soft skills like remarkable adaptability,excellent,communication,resilence and constant learning mode.What simple and complex designs or user interface will Sonar bring to life?What are the Technical skill that is required to develop this Frontend UI?
SONAR has three Level structures (Tier-0, Tier-1 and Tier-2), from Tier-1 the extra benefits of the SONAR Platform are obtained, but in order to be in Tier-1 the user must be the holder of minimum 250,000 $PING. I managed to see in your Q2 that you made a pre-sale, could you tell us what was the price listed in the pre-sale of $PING, and you plan to make more than one pre-sale, for those people who cannot participate and thus achieve $PING ? And I am interested in knowing how beneficial it is for the users to be in Tier-1 or Tier-2? And how does this system of classification by level help or allow greater benefits to the SONAR Ecosystems? What are the incentives that motivate users to want to enter Tier-1 or Tier-2?
In our Medium article, you describe the current state of crypto with the definitions of “1848 Gold Rush” and “wild west”. I think your point is to emphasize the need for regulation of crypto. How will you, as SONAR, inform investors in this uncontrolled and unregulated area? How will the value of the product you develop be understood?
“Our motivating force is to bring a high level of trust and transparency to the Binance Smart Chain and beyond.” Can you talk about how the Snar team aims to gain a foothold in the BSC ecosystem? Do you aim to partner or collaborate with other projects in the ecosystem and become the leading data processing platform of the ecosystem?
Your platform aims to remove the hypothetical and crazy nature of the quiz game, distilling it all into one ready-to-use space. So, while doing this distillation, how will you weed out the phenomena that aim to manipulate the market and shilling coins for money, will you add their shares to your database?
Among your Youtube videos, a short Sonar Wallet video caught my attention. Could you give some more detailed information about this wallet, what features does it have and what can we do using the wallet?
a crucial part of any project is the token itself, so, could you share the design of its tokenomics, the distribution method, if there are any strategies to encourage users to keep it in their wallets, what are its use cases and for those interested in investing, what are the steps to buy it?
Could you please explain the analytical and commercial tools that Sonar will provide to investors, tell us how they differ from your competitors and why they represent better utility for investors?
Sonar has a feature that I haven’t seen before and is the community tracking, it isn’t a secret that some big influencers have the power to manipulate the market sometimes, what options do you offer to avoid being a victim of these market volatility and influence … do you only provide alerts or is there a way to act immediately to prevent losses?
According to your whitepaper, your vision is focused on building an ecosystem of analytical tools available to all cryptocurrency investors, but what innovations do you provide to become a highly adaptable platform? Do you use artificial technology to adapt the portfolio to the users’ needs?
You have a tier structure in your platform. I could note Tier 0 offers users access to basic features, and Tier 1 offers you things such as a customizable dashboard and most importantly, a platform without ads. This is what makes me curious, I’d like to know, what do you need to do to gain access to Tier 1 and 2? Do you need to hold your token $PING? Does this mean Tier 0 users can access basic features for free? What are those basic features? And most importantly, what kind of ads will you be showing on your platform? The same ones we see infest internet’s sketchy websites? Or will you be providing customizable ads for celebrities, influencers, and other crypto projects?
One of the features you offer is a contract analysis or contract security scan, where you will compile a report on a project’s contract, listing its weaknesses and threats. So, please elaborate on this function. What is the accuracy of this analysis? Also, with so many new projects popping up every day, and so many existing projects that need to be listed, how big is your ‘catalog’ going to be? What’s your starting point and how many coins will be listed at launch? What will be your strategy to keep up with new launches and do new projects need to meet any minimum requirement before listed on your platform?
On your web page i read about your tokenomics, and you say it have been designed to “provide both stability and reward holders while sustaining the ecosystem development and growth”, you plan to achieve this by implementing a 10% transaction tax, of which 2 % will go back to holders, 3% to funds development, 3% back to a LP and 2% for an innovation funds. These percentages by themselves can be attractive at first glance for users, however, when reading that a 10% tax must be paid for each transaction, it can throw back many others, I would like to know what benefits users will have when buying $ PING, can you accumulate this token in the long term? I also have the doubt if in order to invest in the project I need to make an initial purchase of $ 250,000 PING? Or to case for maintaining this amount I win some type of reward?
In your whitepaper I read that you managed to combine price analysis and social analysis tools. What was the biggest obstacle you encountered on the road to joining these two tools, and how did you overcome it? I would also like to know how the implementation of an AI in social networks can help users to obtain more reliable trading signals?
I noticed that you are planning to implement a TIERS system, in which up to now there are 2 tiers, each one with its benefits and features, and each one with a minimum of $ PING necessary to apply to these TIERS. Do you plan to add more Tiers in the near future? If so, what benefits do you plan to add to the platform and how much $ PING would be necessary to have these benefits?
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Sonar offers us a Customizable Dashboard. We can customize and streamline your data feed. Can you give examples of which functions on the platform are automatically configured, and which ones we should configure ourselves or change depending on what we need?
Sonar tokenomics has a Tier Structure. How many levels are there, what advantages does each level give to PING holders and how do they increase their level in order to be able to get access to the advanced tracking features and take advantge of Sonar’s unique analytics? Having reached a certain level, can the PING holder lose it and under what conditions?
The $PING token was designed to provide stability and rewards to holders. Can you tell us how it will do this? What incentives will you offer holders to keep the token and how will they be able to access advanced tracking features?
What mechanism does Sonar use to provide this “navigation with clarity”? How will they be able to detect scam vulnerabilities?
Sonar Platform have different types of accesses including Tier 0 which is the most basic one, Tier 1, and Tier 2 which is the most advanced. However, it was stated that staking more $PING incentives more starting at 250,000 $PING. What tier will this unlock? Does it have a minimum amount of $PING to use the basic features in Tier 0? What type of Tier will you recommend to big investors and for starting investors?
Why did Sonar Platform chose not to have its ownership contract renounced? Don’t you think this will rise suspicion and doubt from users and investors where they will find it hard to trust the platform? In what other ways will you convince users that their assets and funds will be 100% safe and it is completely rug pull free?
You can have the platform with the best and most secure technology in the world, but if you do not market it or make people use it, it is useless, so what strategies are you using to promote the Sonar ecosystem and achieve the largest number of loyal and active users to the platform?
how to ensure that the price of the sonar token always remains stable, could you please tell us what methods you have adopted to achieve this and prevent price volatility from affecting your investors and therefore the project?
For those interested in investing in the Sonar token, could you please tell us the steps to participate in the pre-sale, tell us where it will be held, in which channels we can always keep us informed to avoid scams and how will be the whitelist system?
You mentioned that Sonar will be offering market-maker level trading tools for the investor, whether small or large. What are those trading tools that Sonar will offer?
In your whitepaper its explained the token reward mechanism and says it provides timed, calculated burns at specific growth phases of the platform, can you tell us about this phases and how will the whole system change when there’s an advance to the next phase? Who will be able to make these decisions and how is it at the current time?
The goal of Sonar is also to provide early detection of scams / ill-developed coins / contracts in as quick of a manner as feasibly possible. What tools will Sonar use to make this possible? How will you guarantee the early detection of scams? What criteria are you going to evaluate to determine if it is a scam or not?
About your utility token $ PING… I saw that it will provide a special access to advanced tracking features, can you tell us more about these features? What part of your features won’t be for free and what part can be used without being a holder?
I did read that $PING token holders have access to the advanced tracking features and take advantage of Sonar’s unique analytics platform. How many $PING tokens do we need to have to have access to these advanced tracking features? Those users who do not hold $PING or do not hold that minimum required amount, will they not be able to use the tools offered by Sonar Platform?
I read in your roadmap that for the third quarter of 2021 you plan to expand the development team. Why do you want to expand it? How many members currently make up the Sonar Platform development team? Regarding the expansion, how many members would you like to have by Q3 2021? Where can interested developers apply?
Sonar Platform’s latest feature is Sonar Wallet. This wallet have various features and even an In Wallet swap exclusive only for BSC and ETH networks. Does the wallet only feature tokens under BSC and ETH? Will you be developing the wallet further to support other networks too? What developments shall we look forward in the future?
Community Tracking is one of my favourite feature in Sonar platform which are not available in any other platform currently. It adopts all social media datas, influencers and many other metadata sources to give users trade signals. Can you explain about the mechanism, you used to draw down data signals from social channel? Do you get permissions in vasting data from relevant authorities of social channels such as Twitter, telegram, Reddit, YouTube etc.? Or will you build up a internal partnerships with social medias & crypto influencers? Some times lot of scam data upload to social medias to create bullish or bearish market. So will Sonar platform be able to filter 100% accurate data from scam data?what are the benefits that users can vest from Community Tracking feature?Finally please explain, How will Community Tracking feature impact on crypto space in future?
In your white paper, tokenomics section mentioned about problematic 3.4% of Total supply $PING which is allocated for holder reward token on pie chart while it is allocated same time for burning process. Can you tell us, for what this 3.4% of total supply $PING are allocated? How would $PING be a utility token? Every trade will incur 10% of transaction fee by Sonara Platform. Why do you incur such a high transaction fee from users? It automatically send 2% for frictionless holders redistribution, 3% for pancakeswap liquidity pool, 3% for development & marketing , 2% for research & innovation. What is the reason for allocating 2% to research & innovation while 3% automatically send already for development? Can you tell us about multi signature wallets that used in development & innovation fund? Most of BEP 20 tokens generate as deflationary tokens to control the inflation & to secure the token holders/investors. So why don’t you intergrate deflationary system to the token contract?
Most platforms appear in crypto space with long term ambitious visions & goals. But they suddenly abondoned their ongoing project without any clue that they even exist, while creating a rug-pulled project. Sonar platform have trending features with long term vision, built on Bsc smart chain network. So did you audit already your smart contract? If yes could you please provide some details to us about audit report? How do you convince users that the Sonar platform is secure to invest 100%?
Hi Sonar!
Could you please explain your Tier Structure in more detail? I read that PING holders have access to the advanced tracking features and take advantage of Sonar’s unique analytics. However it is not clear to me what the difference is between Tier 1 and Tier2, both show similar features: Token events tracking, Custom token dashboard, Portfolio auto-tracking. What advanced features do you offer to Tier2 users? How many tokens do users need to hold to be eligible for Tier 1 and Tier 2 levels? Thank you!
On the Sonar Tokenomics Security Protocol, the development, marketing and innovation fund wallets are secured through the Multi-signature fund wallet technology. Though this process is primarily done to aid the stability in price action of Sonar tokens, while providing transparency and traceability, but these multi-signature wallets would be managed by Sonar executives. Banking on the project’s tenets of trust, transparency and accountability, wouldn’t it be fitting if these multi-signature wallets are managed by the Sonar community, and with these wallets accounting for only 3 and 5 signatures, don’t you rather think more signatures should be included?
Hi Sonar!
According to the roadmap Sonar plans to have two Audits after the launch, Audit Through Techrate Auditor and CertiK Contract Security Audit. Why have you decided to do it post launch instead of prior to put early users at ease and get more early followers. Have you already reached out to any of them and got any problems with the smart contract reported back for fixing? How do you plan to fix any issues that the audit may find if your contact is already deployed? Thank you!
Hi Sonar!
Please tell us more about Sonar’s contract analysis module. I read that Sonar contract security scan searches for the latest known scam functions and exploits, and compiles a digestible report detecting positive aspects as well as an extensive list of security threats that can be found in scam contracts. How exactly do you do that, is it fully automated and real time or do you manually pre-generate these security reports? Do you also decode changes that may be waiting in the Timelock queue that may negatively affect the smart contract? Thank you!
Studying the analytical and trading tools provided by the Sonar platform to investors, which includes; the Social analytics and Contract, Vetting audits, trading notifications, Price analytics, etc., a greater proportion of them are already available to the mainstream crytocurency market through the help of some notable portfolio managers like Blockfolio, Coin Market Tracker, Delta, etc. With such strife competition and the increasing jostle for investor attention and patronage, how will the Sonar Platform look to develop services that would not only compete but would complement the investor’s trading actions, and how will it efficiently manage investor data while offering top notch security?
There are many other crypto tracking platforms. But there will be many tools available for Sonar users to do this. So, what tools will you provide and how does Sonar differ from other similar platforms, what is the uniqueness and advantage of your tools? Why did you choose blockchain for the location of your platform, after all, you will receive and process all information from social networks: Twitter, Telegram, YouTube, Reddit…?
Finding investors is hard, keeping investors is harder, so what strategy does sonar enough to make investors trust and with sonar project go a long way?
Within the process of redefining the orders there is a part where users between the longer have on the platform gets an APY from the Venus wineries, I would like you to explain how you select the best APY for users and what so profitable it can be this process?
Can you provide the TOKENOMIC of your project and is there any plans to replace TOKENOMIC
Sometimes be a Crypto investors is a very risky thing, a lot of scammers, failure project, etc. So considering that you was developed by investors to investors, can you tell us how do you reduce that Risk and increase the probability of ROI?
Sonar plataform is a very interesting, in fact, so you have 3 different tiers that offer unlockeable features, but just to be sure, can you tell us how can we obtain the highest tier? Just by holding or it is need it to pay something like a subscription?
The website pictures suggest that sonar can be used on mobile devices, but It just will be possible through the web 3 technology? Only Metamask ? Or will you create your own native application for play store?
Can you give us a guarantee or proof about how much strong is sonar plataform in security terms? Did you complete any audit?
Sonar platform intend to serve as a cryptocurrency a analysis but you have just announced for new product Sonar Wallet. Could you introduce to us what feature do you have in Sonar Wallet? Does it only possible receive Sonar coin or it also can receive other coin from different chain?
I understand that your platform is about multichain analytical tool, but can you show to us how does your tool work? Any example maybe? Do your tool can give user right information about a token detail from another project and what kind of information?
So I read about your tokenomic that sonar will spent 2% tax to Sonar Innovation Lab Wallet, can you explain what activity it will have in there? Do the tax use for new development or innovation for sonar project?