We are pleased to announce our next AMA on July 5th 2021 at 03:00 PM UTC Time: Satoshi Club x Phuture
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Phuture Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Phuture Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Phuture
For more details:
Phuture Website – phuture.finance
Phuture Telegram – @phuture_group
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Assets got compromised and suddenly dropped in value is the problem that any crypto project fears, however there have been many projects where this has happened! What is Phuture’s Safeguards with this problem? And if it happens, what measures does Phuture take to fix it?
I read in Twitter: “One of the main risks to the Phuture protocol is onboarding assets that present a systemic risk to the platform”, so I think each asset is checked carefully before being whitelisted on the Phuture platform when there are so many projects scams and fakes! What solutions does Phuture have to filter high quality, legitimate projects to minimize risk before being whitelisted?
What is the role of a phuture index? How Phuture supports the growth of index products?
How Phuture will support active participation in the governance of the tokens it custodies?
How Phuture’s index platform benefits users?
As we know we are about to be live on testnet. Will be there any criteria on choosing testers or any community member will be able to participate?
Couple of weeks ago community members has asked an interface on tracking the income of staked $PHTR. Do we have any ETA on that? I’m kinda excited about this one 🙂
Can you tell us a bit about use case of ePHTR? Will it be on circulation? Are you planning a fixed ePHTR to PHTR swap ratio or it will be dynamic in the future?
On the 12th of July, Phuture will be hosting ‘The Testnet Launch Event’, can you give us some more information about the event? For example: Link, Specific Time, some new feature, any product improvements , … ?
It seems Phuture is looking for candidates for the ‘Head of Marketing’ role, what are the requirements that Phuture sets for candidates?
Phuture provides the tools for users to create new indices and invest into existing ones created by the community. What are these indices & how will they help to get a passive revenue with Phuture as you have mentioned? In which way will indices involve with Separating Trade Execution from Index Liquidity? Which impacts, will indices cause in Phuture platform?
Phuture uses solvers to ensure the proper operation of the platform. Solvers execute three core protocol functions, which are Rebalancing, Recapitalisation & Re-weighting. Can you explain with layman’s terms of these core functions in Phuture? How will it bring mass adoption & stabilized market system in $PHTR? Will it help to incentive more users to the Phuture platform?
Focusing on tokenomics, you have incurred three types of fees calles Redemption fee, Yield fee & AUM fee. Please explain what’s the purpose of fees mentioned above & why did you integrate 3 types of fees? Where does this fee goes? Is it for the users or marketing purposes?
I didn’t see about burning mechanism of $PHTR except burning of the redemption fee. And also you have said about perpetual inflation up to a maximum rate of 3% per annum. So how will you control inflation rate of $PHTR without a proper burning mechanism? Also $PHTR involve as a governance right of the stakers & holders. How will franchise vote system work in Phuture platform? Will you renounce the ownership of Phuture platform to make a DAO System?
On Monday 12th July 2021,Phuture will be hosting The Testnet Launch Event.Can you tell us what this Testnet Launch is all about?How will this new launch benefits you and your community?Is there anyway one can participate in this Event?I really want to know thanks
“$PHTR can be staked into the protocol. When $PHTR is staked the user receives enhanced $PHTR ($ePHTR).” This is what it says in Phuture Medium account. Can you please tell use the reason of creating another coin instead of directly rewarding with $PHTR? What is the differences of $PHTR and $ePHTR?
What are the requirements for being a validator for Phuture? Can you please share the system requirements for being a validator? What are the benefits of it and by which token do you reward your validators?
What is the Rebalancing System? Why did you need to create such a system and how will this feature help Phuture to get ahead of its competitors? What will be the benefits of this feature for Phuture Finance users?
What is the difference between $PHTR and $ePHTR? Do both tokens have trade values? You have mentioned that $ePHTR can be received through staking $PHTR. Apart from staking $PHTR, are there any methods to receive $ePHTR? When we receive $ePHTR by staking $PHTR, can we stake that $ePHTR? Further, cannot we receive same $PHTR instead of getting $ePHTR by staking? Why did you introduce this dual token model? What are the advantages of this model from your side and from users’ side?
You have allocated 5% of your tokens for future employees. Do you have a plan to recruit employees in the near future? Do you aim specific local communities or is your project open to the whole global community? Representing our local communities, can we join your team as employees? What will be the employment opportunities and required qualifications? Can you explain about the responsibilities too? Can we apply in advance or do you advertise your vacancies in due course?
Auditing is an integral part of launching this kind of project. It assures the security and the longevity of a project and attracts the investors. Didn’t you think about that? Your token was launched and is available on Uniswap, but the platform is yet to be audited! How can we rely on your concept and the team? What are the availabe security measures? Do you have plans to conduct some audits in the future? Then what are they and when will you be able to publish those reports? Until then, what makes us to trust you? Actually, what is the reason for this delay? Don’t you think some investors must be waiting to join with you until they receive a security verification from you?
Even as Phuture offers optimised rebalancing, it’s aggregated design helps in improving asset productivity. However, in other for assets to generate additional yields, a reserve level must be maintained and this consequently results in an increase in the number of transactions as more indices are created. Judging from these obvious constraints, how does Phuture effectively solve this to guarantee an increase in asset productivity and additions in yield, how is this yield shared accordingly amongst indices of the respective asset pools, and how does Phuture’s optimised rebalancing feature, help in improving the productivity of available indices?
As this project is relatively new, since you’re just getting started. Can you tell us about the progress you have made until now? What was the most important recent update so far and what are you currently focused on?
The Phuture platform and it’s passive investment services and products are built primarily on the Ethereum blockchain. However, taking a look at your official roadmap as made available on your medium page, in Q4 2021 Phuture will look to deploy it’s services onto other chains and protocols, with an obvious choice been binance and solana. With all current asset for index creation exclusive only on the Ethereum chain, will future look to incorporate assets from other chains as part of it’s multi-chain deployment plans, and how would Phuture develop and implement it’s proposed cross-chain indices?
Please kindly ignore the error with the name.
The Phuture Index Creator is said to support an array of index options including automated sector tracking and dynamic weighting methodologies.. how does automated sector tracking work in Phuture, what dynamic weighting methodologies are you using and how do the weighting methodologies work in Phuture.
One of the main aims of Phuture is to make it relatively easy for users to create indices through the Index Creator Tool… so how does your index creator tool work, how do users create indices on Phuture, and what will be the significant features and advantages of Phuture index creator tool over other Index creator tools.
Phuture is said to bring more logic to the rebalancing process which is currently executed by solvers(Keepers) in phuture through two initiatives; rebalancing bands and rebalancing surfaces.. how do these two initiatives work, and how do they go on to affect and improve the rebalancing process in Phuture.
Phuture uses solvers to ensure the proper operation of the platform. Solvers execute three core protocol functions:Rebalancing,Recapitalisation,Re-weighting.Who are these Solvers and how important are they to Phuture?Can anyone be part of this solvers or you get to choose them?What will be the benefits of these solvers?Will they be rewarded? Thanks
In one of the articles of his medium they mention the power of “why” and it is that from these two words many options, philosophies and doubts are derived. So, giving a follow-up to this key that opens infinite pandora’s boxes. Why do you consider that Phuture as his name resembles it is the idealistic future for the creation of indexes and a dynamic and propelling tool that can open multiple balances in the cryptographic field?
Phuture is a decentralized protocol created for the creation and investment of token-based passive investment strategies in a Web3 environment. I have seen a constant struggle in different projects in the cryptographic field between the weaknesses and efficiencies that a layer can provide to a specific infrastructure, many consider that layer 2 has efficiency in derived current fields and that layer 3 is new and little adopted. So, from your point of view, how can you incentivize creators to use this layer and generate greater adoption in your field? Following this path, how does passive investment in tokens develop in this same environment? Why do you think the Phuture community is key to the success of the network?
The Phuture Index Creator Tool provides a list of curated sectors from which to choose assets from. Can you kindly esplain to us what are the lost of the curated sectors?What tool will Phuture use to allow an index to maintain exposure to a sector’s top assets based on a desired weighting methodology?Based on their current ranking will Phuture automatically add or remove tokens from the index?
In your whitepaper you mention that Phuture will minimize opportunity cost by leveraging off-platform yield optimisers, can you explain how will this be possible? What benefits will liquidity providers have in this regard and what are the advantages of these “off-platform yield optimisers”?
Phuture aggregates liquidity for the platform from across the Ethereum network using the 0x API, this can sound very technical but actually it allows the platform to source and transfer ERC-721 token standards and enables the creation of indices backed by NFTs, can you tell us the utilities will have your NFTs on your ecosystem? Will it be NFTs farming as well?
Phuture introduces an open design philosophy for creating passive investment strategies, providing the tools for users to create new indices, or invest into existing ones created by the community. I’d like to know if this would work for crypto newbies like me. How secure are all of these indices? Have you partnered with any insurance protocol? Is the platform intuitive, what are the tools provided for the creation of new indices like? Is there a rating system of sorts in your platform?
Once the protocol is live, the community will have a say on how the DAO’s funds are allocated, which amounts to over 50% of the total token supply. How will this take place? Do you have a governance token? What users are allowed to vote and what are the minimum requirements to do so? Also, what are some examples of the ways the DAO funds can be allocated?
I see you have announced two tokens, PHTR and ePHTR, these two seem to be highly connected, so i’d like to know, can users go by using your platform while owning just one of these tokens? What are the main uses for both of them? What are the benefits of having two tokens instead of one? Does it offer an extra layer of security to your platform? Also, I can see PHTR will only be distributed to whitelisted users, did the whitelisting process already take place? Can we still participate? How are we eligible?
The Phuture Protocol’s native governance token is PHTR. It refers to the protocol’s potential for enforcing governance, rewarding users, incentivizing actions, and subsidizing operations. So, what kind of governance authority does a token holder can access? Could you go over all of the $PHTR token’s usecases in your ecosystem? Where to trade $PHTR and how can we get more profit aside from trading?
I read that Phuture’s design achieves scalability by allowing a single exchange to rebalance multiple indexes at the same time, but how do you ensure that the results returned by this smart index architecture’s calculation are reliable? Have you done any internal and/or external testing to confirm that this is error-free and won’t harm the project or investors?
The Phuture protocol has a scalable aggregated index architecture that lets you rebalance several indexes at the same time. Its clever rebalancing engine calculates optimal rebalancing triggers in real time, reducing value lost through trades and boosting index performance. Phuture will bring an open design philosophy to construct passive investment strategies once it goes online, as we all know. It was built from the ground up to be user-friendly for both crypto and non-crypto users. Is it true that Phuture provides the facilities to generate new indexes in this case? What is the purpose of Index Creator?
tell us about the roadmap, tell us about the highlights and important events related to the product. the marketing and community focused steps you have developed so far and tell us up to this point, what work you are doing and what you hope to build with PHUTURE this 2021!
Can you tell us about the rebalancing bands that Phuture has introduced and the surface rebalancing, how fundamental they are within the project and what functionality each of them fulfill?
I was reading on your documents about the rebalancing mechanism and caught my attention that it provides safety to the system when prices move by a great magnitude, can you show us how is this system exactly working and what are the possible risks due to the market conditions? How often can the rebalancing mechanism be triggered?
On your roadmap its mentioned that once the testnet is live you’ll begin ramping up marketing, acquiring early users and getting exposure through the community, can you tell us what will be the advantages for the early users and testers of your platform? Can the community be part of the testnet when it goes live?
What made you decide to develop an indexing product? What are the key differences between a PhutureDAO index and doing it myself if I were to buy the index’s assets? How can you ensure that investors’ money is invested in the finest projects while avoiding many scams and contract vulnerabilities?
I could read that Phuture introduces an open design philosophy to create passive investment strategies, does that mean that developers can create any type of innovative indexes on blockchain? Or can they just be invested in existing ones created by the community?
Could you explain a bit more about how Phuture makes it easy to optimize off-platform performance? and others, what benefit will this optimization produce “inactive assets”? How useful will this type of asset really be for index creators?
I read that Phuture incorporates the use of NFT tokens that will support the creation of the indices, but could you really tell us more about it? Could it be that to create the indexes, they will require that we create an NFT so that the value of it supports the created index?
You point out that the Phuture platform has been created “with the user in mind”, but could you really explain what you mean by that? What are the products, tools and utilities that users can enjoy only on your platform in the entire blockchain?
I read on your Medium blog that the Phuture protocol will be the first to allow the creation of indexes without permission represented by a token, does that mean that they will not really have a native token? If so, then why is PHTR necessary for governance? why not leave it without tokens completely?
It is really necessary for permissionless index creation, the use of the three rebalance solvers, Recapitalization and Reweighting? If so, could you really explain why they are needed?
I could read that Phuture requires the maximum support from the community in order for them to become a truly decentralized organization, but really how much support do they require quantitatively speaking to be able to decentralize? And in case of not reaching that amount, could it not be a project?
I could see that the main reason for the development of Phuture is the “creation of indexes”, but could you really first tell us what these “indexes” are? And also what is its utility and benefits that it provides to blockchain both to users and to projects?
Hi Phuture!
Hey Phuture, I read that your platform allows rebalancing multiple indices simultaneously via a single swap. Protocol’s rebalancing engine calculates the optimal assets to rebalance and dynamically defines acceptable rebalancing weight ranges. As a result the platform can support 100s of indices, whilst minimising the value leaked through rebalancing swaps. It is not clear to me how you manage to rebalance several assets in 1 swap, could you please tell us how exactly this exciting functionality works? Thank you!
Hi Phuture!
I’d like to learn more about the Liquidity Nexus that is supposed to separate trade execution during the minting process from the amount of liquidity held in an index fund. This sounds great for users and should ensure a similar user experience regardless of index size. I am not sure how you manage this awesome defi breakthrough and would like to understand how you solve the inherent slippage problems of the low liquidity pools. Thank you!
Hi Phuture!
Please share with us some details about your open design philosophy for creating investment strategies and the tools users will have access to for creating new indices. What assets will be available for users to pick from when creating a new custom index, will the selection be limited or any custom token from blockchain can be incorporated into an index? And finally, do creators of the custom indexes earn profits when other users invest into their custom indices? Thank you!
For now, we can make indices of those assets which are available on Ethereum only, but many good assets are only Bsc, Solana, etc. So do you plan to expand Phuture to other chains as more chains bring more assets and more options for an investor to invest?
The much awaited testnet of Phuture is coming this July 12, 2021 and as well as going through the upcoming liquidity mining program for the PHTR token, and revealing what’s next for the Phuture ecosystem. Would you mind tell us first the liquidity Mining program of Phuture. How it become more unique to the other mining platforms? And can you tell us what is the giveaways of Phuture? how can we participate?
Will the DAO members intially be within the phuture DAO protocol? who will be setting up the initial indexes? Will you be partnering with different sectors for this?
How can we identify the popular indexes and is there any choice for a user to filter out using the performance or historical data of a certain index?
How are the people creating indexes tested or verified? Would that be approved by the team or Is there any audit process to ensure credibility?
Phuture will be deploy in other chains/protocols like Binance Smart Chain & Solana. So,as we know Binance is already loaded with many platforms so why choose BSC? How will Phuture brings a good camaraderie to Binance Smart Chain and Solana network? Why also choose Solana? Aside from Solana and BSC,which other chains you plan to integrate in the future? Thank you
Phuture will have a “Phuture Testnet Launch Event” this coming 12th of July in which this event will be showcasing the Phuture testnet and the upcoming liquidity mining program. So as a hint for everybody,can you share some advance idea for your upcoming Liquidity program? What would be its mechanism and structure? Aside from Liquidity mining program,can you share what else we can expect with Phuture Testnet? Are there any airdropping and giveaways upon launching of Phuture Testnet? After this Testnet,what is the next steps to be looking forward in Phuture? Thank you
The Phuture Testnet will launch on July 12 at 13:00 UTC. During the event you will be doing a PHTR giveaway. Tell me, can we take part in the drawing and what should we do for this? Will all entrants be eligible for PHTR or will there be a limited number of winners? And how much of the total PHTR will be allocated for the draw?
For the third quarter, you have scheduled a snapshot of voting for gasless governance. The date has already been set, what is the structure of this event and who can take part in it?
Phuture project already doing ama with Satoshi Club and from last ama you will launching your testnet, so how is the result from your testnet? Can user also participate to test and try it ? Also what event do you prepare for the launching of your testnet?
I check liquidity for Phuture project on the uniswap but its really on low levels, this makes me worried also maybe most of your investor and user, could you explain the reason from low level of liquidity on uniswap? And what way Phuture reach to manage this problem?
I check liquidity for Phuture project on the uniswap but its really on low levels, this makes me and other investor worried, could you explain the reason from low level of liquidity on uniswap? And what way Phuture reach to manage this?
I imgaine rebalancing would require many sources to get prices from. How do you intend to do this? How does your rebalancing engines get this info? Is it from 1 Orcale or more?
When you say that you will allow for user-created indexes, do you mean that each user can have an infinite number of indexes if they so chose? Or if not infinite, at least alot? Or by create do you mean that a user can choose from several pre-determined building blocks?
Also, how do you intend to make the user experience of this conceptually complicated thing easy?
Im sure you would do all you can to ensure that your project has quality but we all know that bad actors would always try to exploit a project. In your case, one vector of attack seems to be what you call your Solver. What steps have you taken to ensure that your Solver is hardened against attacks?
Last time you introduce about Phuture DAO which specially build for community and contributor, do Phuture DAO already active for now? Can you explain how if user want to contribute in Phuture DAO and what are the benefit for user?
You empathized alot on UNLOCK THE POWER TO CREATE AND INVEST IN CRYPTO INDICES, can you take your time to break it down? What is the power of cryptocurrency indices presently?
There is an upcoming event been planned for concerning the showcasing the Phuture testnet, how can each and every user benefit from the showcase. Mainnet is the main priority of every project, when should we be looking forward for that?
Many projects have issues with UI&UX ,How do you plan to increase interaction with new users and users outside the crypto space?
https://twitter.com/phuturedao?s=21
What tesnet will give everyone a chance to be the core of phuture ? contributor?
@phuture
On your roadmap, you will presale. When is the pre-sale launch? How can we participate in the pre-sale of your project?
❤️phuture❤️
Phuture’s core technology is a single swap to rebalance multiple indices simultaneously. Can you explain to us the rebalancing engine used on your ecosystem? What are the advanatages of using this index architecture and what type of projects can take advantages of this technology? Can you clarify on its use cases?
I saw that your rebalancing mechanism provides safety to the system when prices move by a great magnitude, can you show us how is this system exactly working and what are the possible risks due to the market conditions? Can it work as an anti-whales mechanism? And how often can the rebalancing mechanism be triggered?