Month: June 2021

PART 1. Introduction of Catoshi project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about Cat of Satoshi. It could be a fairy tale, or it could be true. Catoshi can be anything you want to be.

Catoshi add powerful utility to cryptocurrency projects while
rewarding $CATS holders with high annual percentage yield
(APY) farming and staking via our unique cross-chain bridge.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @Satoshi_club

D. | Satoshi Club – @Cool_as_Ice

The Representative of the project:

Josha – @joshascott

Kayz – @kayz0808

Introduction of Catoshi project.

Mary | Satoshi club:

Hello Satoshi club! We are happy to announce our ama session with Catoshi! Welcome to Satoshi club😀

D| Satoshi club:

Today our guests – @joshascott and @kayz0808 ! Hey guys, how are you?

Mary | Satoshi club:

Welcome to Satoshi club 👏

Josha $cats:

Hi guys! Glad to be here.

Mary | Satoshi club:

Hello, happy to see you here 👍

Kayz $cats:

Haha, thank you. Had a great artist make them

Mary | Satoshi club:

So, let’s start our ama 😀

Josha $cats:

Ready when you are

Mary | Satoshi club:

Could you tell us more about yourself and your roles in Catoshi?😀 And of course, what is Catoshi🥳

Josha $cats:

Sure thing – myself and Katz and the project leads on Catoshi we are surrounded by a great team that are helping to achieve all that Catoshi has set out to do.

Catoshi is the long-lost cat of Satoshi of course 😉

But on a serious note, we came up with the idea a few months ago when discussing the next wave of meme tokens in one of our mutual groups

Mary | Satoshi club:

You were first😂

When did you get idea to create Catoshi? Is it related to existing animal meme coins hype?😀

Josha $cats:

However, after talking some more we knew we wanted to build something greater than ‘just another meme token’. Having said that, the internet goes wild for cats haha.

Mary | Satoshi club:

Yes, cats own the world😂

Josha $cats:

It’s a cat eat dog world out there Mary

Mary | Satoshi club:

So, you got idea, formed a team and😀 …  When did you go live?

Josha $cats:

We launched May 25th

Mary | Satoshi club:

Almost month! Anniversary soon😀

Thank you for your introduction, guys! What do you think about first part of our ama? Ready to answer community questions?

Kayz $cats:

Sure, let’s bring on the questions 💪

Preselected questions about the Catoshi DeFi project.

D| Satoshi club:

Q1 from telegram user @kimterbear

It was revealed that the team consists of 12 team members with an overall experience of 50 years in the crypto industry. However, there is not any information about them in which I started to doubt about their legitimate identities or is it really true that they are experienced. To avoid this type of confusion, can you make it clear to us the reason why you chose to be anonymous? When will be able to meet the team soon?

Kayz $cats:

Yeah, indeed, there can be an issue with anon teams. We are team with a mixture of experience from marketing, project management etc. Some are real life friends, some colleagues. Many often have real life responsibilities and there can be clashes in their personal lives if they were to reveal their identities.

But I have a feeling when Catoshi grows and becomes very successful, that won’t be a problem.

Mary | Satoshi club:

Doesn’t it mean that you take the project lightly and it is not your priority?

Josha $cats:

What I would add is, that partnering with other established teams like toad and spade further legitimizes the team and their goals.

D| Satoshi club:

So, you plan to stay anonymous for a while? Any plans to reveal your identities any time soon?

Josha $cats:

For the time being we will be anon, but we aren’t ruling out going public later if the team feel that this is an important step to further the project

D| Satoshi club:

👌 thanks for answer

Kayz $cats:

Not at all, we have been continuously pouring our owns funds into this project since the start. Many of us have not sold a single token.

However, we cannot let down our families at the same time. You have to find a middle ground somewhere.

In the future, I do see some team members slowly going public.

Josha $cats:

Plus adding to the team!

Mary | Satoshi club:

Got it, thank you 😀Thank you for your answers, guys! Ready to proceed?

Josha $cats:

Sure

D| Satoshi club:

Q2 from telegram user @meml97

It came to my attention that Catoshi’s token will work as a governance token, but earlier on your whitepaper you said your token will split into two; Catoshi the erc20 version, and czatoshi the bep20 version. So, my question is, will both versions work as governance tokens? Will users need to hold both in order to be able to participate in governance decisions or will just one be enough for that? Also, what is the min. Amount users need to hold if they want to participate in governance decisions and on what kind of decisions will they be allowed to do so?

Josha $cats:

So, we will be launching czatoshi on the BSC. The main purpose of this will be for high apy farming and staking with our partners at padswap (their platform is awesome) and to allow a new group of investors to access Catoshi.

Cats on erc20 will remain the main governance token for now. Currently we haven’t set any parameters on amount to hold to gain access to the governance.

Erc20 holders will essentially be ‘keepers of the crossing’!

D| Satoshi club:

How you distributed your tokens? Do you had a presale? And what will be the distribution plan for bep20 token? Will you plan another sale or maybe an airdrop for holders?

Josha $cats:

Who woudln’t want to be a ‘keeper of the crossing’? Haha

Mary | Satoshi club:

We will have question about this a bit later 😃

Josha $cats:

We had a small presale to raise liquidity on Uniswap.

Mary | Satoshi club:

How much did you raise?

Kayz $cats:

Roughly 13-14ETH

Mary | Satoshi club:

Good numbers for the new project😃

Josha $cats:

There won’t be another presale – we will be using tokens from the dev fund to add liquidity, then the community can join and add liquidity too and take advantage of the great padswap platform

Catoshi may even move onto other chains in the future – who knows???

Mary | Satoshi club:

We don’t 😉

D| Satoshi club:

All of them were added to pool?

Josha $cats:

Most of it – we launched with a good pool as we didn’t want to subject our community to a very very low liquidity pool

Kayz $cats:

Bear in mind costs to launch projects and distributing tokens. Fees are a lot cheaper now than in the past.

D| Satoshi club:

True

Mary | Satoshi club:

Yes, we remember that gold in both senses’ days😂 Thank you for your answers guys! Ready to proceed?

Josha $cats:

Proceed friend

Kayz $cats:

Let’s go

D| Satoshi club:

Q3 from telegram user @h1drx

$cats has the following distribution model: 6% taxes: 3% redistributed to holders, 2% burned, 1% to our mental health charity wallet, and according to your roadmap in phase 1 you plan to make your first donation, so I would like to know two things, the first is: why did you choose to make charitable donations for mental health? And the second is: are these donations totally transparent with the users who use $cats? Can users track the funds that are raised and the organizations that receive the funds at any time?

Josha $cats:

Charity is very close to my heart personally; I have actually been working for a mental health charity for almost 10 years!

We have often used cats and dogs for petting as it is a known fact that it can reduce stress and calm nerves – hence why we linked it there

We want to be transaparent in everything we do and will certainly want the community involvement when it comes to supporting various charities, whETHer they are international or more local.

We will announce all charitable giving that we do, it will never be a surprise – but we will also do this in a way to respect the price for those holding

Kayz $cats:

Right now, our first product is almost releasing. But we will be donating very soon

Josha $cats:

Indeed, the more utility and uses we add, the more we will be able to raise.

Mary | Satoshi club:

How your users will be able to track charity transactions?

D| Satoshi club:

Why have you decided to choose that model with taxes? I see it quite popular; many projects use similar models. You have any explanation on this? Why you prefered model like this with burning and everything?

Josha $cats:

That is the beauty of the blockchain – we will share transactions when we make them for charity

Mary | Satoshi club:

Nice👍

Kayz $cats:

Well, with the whole meme hype. We thought of using a similar model because it seems most of the audience loved burns and redistributions etc. Even though we’re providing a real utility, we still wanted to attract a big portion of the meme community, which is why we went for the rfi model, which we re-modelled a bit

D| Satoshi club:

Okay, got it 😊

Josha $cats:

Yes, remodeled to fit our BTC founding father’s work!

Mary | Satoshi club:

Thank you for your answers! Everything is clear for me 👍 ready to jump to the next question?

Kayz $cats:

Memefi at work 🙂

D| Satoshi club:

Q4 from telegram user  @nszr1

In your white paper it is noted that the term “the crossing” is quite important in the project, however I did not understand exactly what the purpose of this it and how it works, this being the basis of the project. Could you detail exactly what “the crossing” is, how does it work and why is it so important in the ecosystem of your project?

Josha $cats:

So, essentially the crossing is a cross chain bridge allow tokens to be wrapped and move between different blockchains, initially this will be for BSC and ETH but we will expand to more chains

The beauty of it will be that it will add utility to any coin (meme or otherwise) that wants to further their userbase on various chains and stake and farm on padswaps revolutionary platform

Kayz $cats:

This is something that is very expensive to do for small projects, through us, they will be saving a lot of money.

Mary | Satoshi club:

When will it work? What users will need to do? As I understand it will be bridge like binance chain bridge?

Josha $cats:

It is also very time consuming!

D| Satoshi club:

It will be a cool function 👍

Josha $cats:

We are hoping it will be live in the next week or 2. So we are working fast considering we have only been launched under a month

D| Satoshi club:

And how safe it will be. Any audits of contract? 👀😄😉

Josha $cats:

It will have a far simpler ui than binance bridge

All of our smart contracts are audited by spade audits and they will also audit anyone that comes to use the bridge – all included in the price. It will be a great option for many tokens out there wishing to step up to the next level

The future of the crypto space is multi chain interoperability

Mary | Satoshi club:

Can you share your audit report with us?

Josha $cats:

Sure. Catoshi audit complete – no security issues found within contract.

Spade Security Audit – May 2021 – Catoshi

We believe people’s safety is paramount in a space littered with scams and illegitimacy

Mary | Satoshi club:

Thank you for sharing!

D| Satoshi club:

Btw it will be possible to transfer stablecoins through your bridge?

Josha $cats:

This is something that we can add. Cats will be the first.

And we are positioning ourselves at the forefront of that, whilst also supporting the smaller projects

D| Satoshi club:

Totally agree

Josha $cats:

Our aim with our partners at spade and toad (padswap) is to change the space for the better with full transparency and being genuine

Mary | Satoshi club:

Is it only for erc20?

Josha $cats:

The audit?

Mary | Satoshi club:

Yes

Josha $cats:

Yeah initially – it will be extended to the wrapped czats once the process has been finished.

Kayz $cats:

There will be many, many audits. Safety is important

D| Satoshi club:

Awesome😎

Josha $cats:

Hence why we partnered with experts in smart contract safety!

D| Satoshi club:

Thanks for answers! Ready for the next question? 😊

Mary | Satoshi club:

Awesome!🥳

D| Satoshi club:

Q5 from telegram user @victorogb

In keeping true to it’s reputation of being a community backed participatory project, Catoshi periodically organises competitions and special fun events, specifically targeting it’s strong community of active $cats holders, as a way of rewarding them for their efforts and support to the Catoshi team and project. Though these events are also a way of promoting a strong synergy between the community and the team, how will Catoshi leverage on it’s meme token features, to organising fun and competitive events geared towards promotions, marketing and community growth, and how will Catoshi look to make such events and competitions a regular feature of it’s project activities?

Kayz $cats:

Wow, where to begin

D| Satoshi club:

Haha😄

Kayz $cats:

This is ofc a serious project trying to deliver a utility we have not really seen in this space. But what we noticed for other projects is lack of community push. Often, devs just sticking to dev work and if enough time passes, many people get bored.

Which is why we wanted to combine defi + memes = memefi

D| Satoshi club:

Memefi sounds nice and fresh 😄👍

Mary | Satoshi club:

Memefi? That’s interesting 👍

Kayz $cats:

At Catoshi, community is our backbone.. Just buy checking our channel you will see the type of loyalty we’re fostering. Many community members help us in creating these competitions. Memes go viral easily, and many of our members are great at producing viral content.

With more community participation and more competition, we are hoping for a sort of snowball effect to take place and more and more community members collaborate with us

Josha $cats:

We have many a happy community member after wearning cats from our various competitions – these will only continue

Mary | Satoshi club:

What is the nearest plans for community activities?

Kayz $cats:

We are also all about rewarding great effort and recognising people. We want to grow our social media platforms and promote the great work of others. Many community members out there who we want to show our gratitude towards

D| Satoshi club:

Nfts will be part of your project too?

Kayz $cats:

Haha, ofc, what’s a meme without them

We’ve done meme competitions, comic strip competions, gif, videos etc…

We will keep looking for other creative avenues.

As for our current competition. 5 lucky members we see with “$cats” in their tg username, will be rewarded 3k cats, winners announced towards launch of the first bridge

Mary | Satoshi club:

Satoshiclubbers, join🚀

Kayz $cats:

@cool_as_ice @madamlobster am I allowed to plug a youtube vid made by one of our members? 😁

D| Satoshi club:

Sure!

Kayz $cats:

https://www.youtube.com/watch?v=sxtdo_mokby

Here is a video made by renzo (we see you king!!). The guy is amazing. This is what we love and encourage at Catoshi. We want people to build with us, this is our project.

Dev team builds, community builds… We grow bigger💪💪

D| Satoshi club:

Haha nice 😄

Josha $cats:

Watching it again and it still makes me laugh

Kayz $cats:

Plenty more where that came from in our tg group

Mary | Satoshi club:

😂thank you for your answers, guys! Do you want to add something or we can go to the 6th and last question from this part?😃

Josha $cats:

Let’s proceed

D| Satoshi club:

Q6 from telegram user @arisabela

Catoshi aims to be a deflationary frictionless yield token, but there isn’t much details about your deflationary strategies on your website, can you tell us how will this token increase it’s value? Also, on your roadmap it’s mentioned something about BTC solidarity token burn, can you tell us what is that and what is its purpose?

Josha $cats:

The main deflationary aspect is the 2% burn that occurs on every transaction – this adds up over time

We started at 21mil and have burnt almost half the supply – BTC supposedly has 21 mil but we all know there are millions missing from lost wallets and passwords. So, we decided to burn a load

Plus, communities love burning tokens haha. So these major burns have already occurred.

Mary | Satoshi club:

So, what is circulation supply now?

Josha $cats:

Just under 11 mil

Mary | Satoshi club:

Nice😃

21mln was for erc 20 tokens, right?

Josha $cats:

Yeah – the number will stay the same when we wrap. No new tokens are created

Mary | Satoshi club:

Got it😃

Josha $cats:

In fact, it will go down more when we move a chunk over for liquidity and it gets subjected to 2% burn lol.

Mary | Satoshi club:

How many holders do you currently have?😃

Josha $cats:

Around 850 as of now. So we are still under the radar

Mary | Satoshi club:

Yes, btw, are you listed on coingecko?

Kayz $cats:

Not yet, hopefully soon 🙂

Josha $cats:

In the works

Catoshi will also be required for those wanting to bridge – this will be locked further lowering circulating supply

Mary | Satoshi club:

Nice move 👏

Kayz $cats:

No bridging can be done without Catoshi. This is where our tokens will be utilized. With more bridging, they will become scarce

Mary | Satoshi club:

I hope as well! We wish you to be there as soon as possible 😉

Kayz $cats:

Thank you very much

Mary | Satoshi club:

Thanks for this part, guys! Now you will be able to rest 120 seconds 😃 our users will post their questions for the live part 🚀🚀🚀

Mary | Satoshi club:

Ready?

Josha $cats:

Shoot

Mary | Satoshi club:

Let’s go 🚀

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

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

Q – 1 from a telegram user @esrarengizbtc

What do you think is the biggest problem of MEME tokens and how will you solve this problem? Do you have the power to revolutionize the crypto space by solving a built-in problem for MEME tokens?

Josha $CATS:

I think that lots of scams will use the guise of meme coin, this is a huge problem. We want to clean up the spcae for sure, with the help of the security expertise of the Spade team we hope users will feel safe using any meme coin that has been onboarded to The Crossing

Also, lack of utility – with The Crossing we open up a whole host of opportunities to meme coins (and non meme coins) to new userbases and farming and staking options – MEMEFI

We believe that working together gives us more strength to acheive these goals!

Q – 2 from a telegram user @slla1112

What are Catoshi’s strengths? Will it be stronger and more reliable than others? 

Josha $CATS:

We harnessed the power of synergy (3 teams working together) – Spade will audit, and get your token functioning on both chains, PADSwap provides the landing point for super-efficient and high apy staking and farming and Catoshi wraps and provides the bridge between.

Q – 3 from a telegram user @mobilejii

Where to buy $CATS what is contract address ?will you list on any CEX?

kayz $CATS:

You can buy here

https://app.uniswap.org/#/swap?outputCurrency=0x6a00b86e30167f73e38be086081b80213e8266aa

Josha $CATS:

CEXs are certainly in the plan but for now we are focussing on building defi (MEMEFI)

Q – 4 from a telegram user @NSZR1

In your white paper I read that Catoshi Nakamoto is setting out to change the face of Decentralized Finance (DeFi) by opening the door for any cryptocurrency project, Currently there are many promising projects, however there are others that were born with the sole purpose to trick users into investing in them without really having a long-term plan, taking this into account, Will Catoshi Nakamoto really open its doors to ANY project or there will be some type of minimum requirements that these projects must meet in order to be taken into consideration, and if not, how can Catoshi Nakamoto assure his users that the accepted projects are 100% safe?

Josha $CATS:

I really like this one. Well firstly, vetting will be important, we will not just allow any project to bridge over. Bear in mind, there will also be costs. We are currently developing guidelines, which we will publish. It is imperative we bridge over serious projects and maintain our brand image.

Q – 5 from a telegram user @hiden bu user

You stated in your article that charity is one of the primary reasons Catoshi $CATS was created, and one of your lead team members works for a mental health charity, and your team also wishes to support cat and other animal-related charities in the future in order to make a difference in the world and make it a better place. How can we, as members of your community, help to make this happen?

Josha $CATS:

Obviously supporting us by sharing the word in the crypto space. But, let’s try and supersede the cryptosphere and reach out to real life charities that need support in these areas. We will run polls for the community and voice chats specifically around how we give and who to.

Also, feel free to try and put us in contact with mental health charities that you know are doing an awesoem work

Q – 6 from a telegram user @NSZR1

A 6% tax for each transaction carried out means that if I want to buy / sell $ CATS I must pay a 12% tax, taking into account that users tend to seek lower transaction fees. Do you think that in the long term this could negatively affect the reception of the token? To motivate those users who might have doubts about joining this project for this reason, could you explain exactly how that 6% tax will be used for each transaction?

kayz $CATS:

Indeed, there is a bit of a hefty tx cost here. Even with eth fees so low. However, I’d like to think our model also encourages long term holders who will be with us as we release more bridges and other features of our ecosystem.

If you’re buying for a quick 2x flip, I hope you are using a good chunk of money. Although, I wouldn’t advise it.

Q – 7 from a telegram user @Emidm28

You mentioned that you know that carefully-chosen collaborations will play a key role in realizing your vision. Are you currently working on new partnerships and collaborations? Can you tell us something in advance? It is important that partnerships benefit both projects involved and increase their growth and allow them to reach a wider audience. What other aspects do you evaluate in your partners?

Josha $CATS:

We are always looking to partner with projects and have had requests from others to partner with us also. Although nothing is public yet!

We believe in the power of synergy and 3/5/10 projects working together can acheive so much more than 1.

We will be strategic in the partners that we put in place and all we be mutually beneficial to us, the partners and our communities

kayz $CATS:

Although, we cannot disclose yet. We have been in talks with multiple projects and some have shown great interest in using our bridge. To be disclosed soon.

Q – 8 from a telegram user @esrarengizbtc

What do you think is the biggest problem of MEME tokens and how will you solve this problem? Do you have the power to revolutionize the crypto space by solving a built-in problem for MEME tokens?

Josha $CATS:

i did this one lol.

Q – 9 from a telegram user @Kushal85127939

What kind of NFTs you are thinking to dive into? Is there any Catoshi funding round for this NFT segmen?

Josha $CATS:

So we have our artist (ex-Marvel) who has already started in creating our NFTs. Everything is set, just a waiting game now. And we’re coming up with a few interesting uses for them 👀

Keep an eye out for NFTs release

Q -10 from a telegram user @Robotliker1

We can see many projects ruggpull nowadays but how can we trust new project like yours and invest? Do you have liquidity locked?

Josha $CATS:We have locked our uniswap pool via teams.

On top of this our active presalers still involved in the project also locked half of their tokens on the platform. This was after they burnt 10% of their tokens as well!

The team aren’t interested in a quick buck and are here to build something.

We have even had large holders in the community come to us saying they would like to lock their tokens too!!!

https://team.finance/view-coin/0x6a00b86e30167F73e38bE086081b80213E8266Aa?name=Catoshi&symbol=CATS 

kayz $CATS:

To add a bit to this. It brought us great joy knowing that our community members even wanted to lock their tokens, it’s good that they can see the vision and the potential here.

Ofc we would never ask them to do so, but it was great to see.

Q -11 from a telegram user @Shaa93

Why does Catoshi need cross from Ethereum to BSC, and from BSC to Ethereum? Does Catoshi plan to be providing bridges to other chains such as: Polygon, Solana, Harmony?

Josha $CATS:

We partnered with PADSwap on BSC – BSC is far cheaper for farming and staking and has extremely high volume. It made sense to land here first.

We want to be at the cutting edge of new technology in the space, we will always be looking to add new chains like the ones mentioned and we may even look to push the boat into newer undiscovered chains in the future!

Part 3 – Quiz about project

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

Our contacts for more details: 

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

Our Crypto Partner by this AMA: Catoshi

Telegram group  |  Tweeter  |  Website 

We are pleased to announce our next AMA on June 30th 2021 at 02:00 PM UTC Time: Satoshi Club x Radix

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

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

Part 3: 300$ – A quiz about Radix

For more details:
Radix Website – radixdlt.com
Radix Telegram – @radix_dlt
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on June 25th 2021 at 03:00 PM UTC Time: Satoshi Club x Railgun

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

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

Part 3: 300$ – A quiz about Railgun

For more details:
Railgun Website – railgun.ch
Railgun Telegram – @Railgunproject
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on June 25th 2021 at 01:00 PM UTC Time: Satoshi Club x Ultiarena

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

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

Part 3: 300$ – A quiz about Ultiarena

For more details:
Ultiarena Website – ultiarena.com
Ultiarena Telegram – @ultiarena
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 TribeOne and our guests were @Tan_DeFi and @mehdisuleman. The AMA took place on 22 June.

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

Paul Mont | Satoshi Club: Hello Satoshi Clubbers! Today we are excited to announce our AMA session with TribeOne!

Andrés M. | Satoshi Club: Hello everyone. Is AMA time with an amazing project. Our guest @Tan_DeFi and @mehdisuleman are here.

Paul Mont | Satoshi Club: Hello guys, it’s a great pleasure for us to have you here at Satoshi Club: )

Mehdi | TribeOne: Hello everyone 😀

I hope you are doing well!

Tan | TribeOne: Hi, thanks for inviting us, great to be here

Paul Mont | Satoshi Club: Doing great indeed, thank you very much! We’re all super eager to know more about TribeOne!

Mehdi | TribeOne: I’m really excited to share 🤩😁

Tan | TribeOne:  And we are super excited to share our project with the famous Satoshi Club ☺️🤩

Andrés M. | Satoshi Club: We are glad to have you here! 😃

Then, let’s begin, we can’t wait 😁

Please introduce yourself, what is your role into TribeOne?

Mehdi | TribeOne: Sure my pleasure!

My name is Mehdi Suleman, I carry over 20+ years of experience in the largest retail banks of the Middle East region, building products and teams with the inception to growing business with total value locked over $1.2 billion. Throughout my tenure, I worked in senior leadership roles overseeing business, operations & managing large cross-department teams. Now, I am the founder and CEO of TribeOne.

Tan | TribeOne: Hello everyone! this is Tan Ahmad, the Director of Partnerships with extensive experience of over 15 years resulting in a deep passion for crypto and understanding the business needs and aspirations. I have worked with reputable companies like deVere Group & Ibex Global. I aim to bring a lot of unbridled energy to build the TribeOne partnership ecosystem. Now, I am the Director of partnership at TribeOne.😎

Andrés M. | Satoshi Club: Great background, is an honor for us to know more about you!

Paul Mont | Satoshi Club: Your past experiences are very powerful business cards. It’s apparent that you’re bringing a lot of experience, competence and professionalism to the table 👍👍

Andrés M. | Satoshi Club: Now, please tell us in a nutshell what is TribeOne and what are the main products you offer?

Mehdi | TribeOne: Thank you 💪😀

Sure, that’s my favorite question 🤩

Tan | TribeOne: The whole idea is to bring financial professionals to the DeFi space 🤩

Mehdi | TribeOne: Well in a nutshell, TribeOne is the world’s first AI-powered NFT & DeFi funding platform backed by RAROC (Risk-Adjusted Returns On Crypto) technology, where we will be providing loans & lending options for both NFTs and crypto assets. TribeOne is an NFT, lending, borrowing, and saving platform that offers a seamless experience; to the users through its innovative consumer-centric products.

Paul Mont | Satoshi Club: It’s a great endeavor, yet we need this to happen to overcome the hurdles inherent with traditional finance! So hats off! 🔥🔥

Andrés M. | Satoshi Club: How did you come to this idea?

Mehdi | TribeOne: 1. NFT borrowing – Revolutionary tailor-made NFT centric products that TribeOne will offer to all

NFT Loans – Loans offered against NFTs as collateral

NFT Mortgage- Loans offered to buy NFTs

2. Poloka Loans-

– Loan to value upto 90%

– Automatic approval, no credit checks

– Zero fee and flexible repayment

– Optional insurance coverage through our DeFi Insurance Partner

3. Laiti Loans-

– Tailor-made loans for micro financiers offering low to zero collateralized loans

– Optional insurance coverage through our DeFi Insurance Partner

4. Mana Loans

– Low to zero collateralized loans

– Users get access to this product after creating a credit profile by paying their instalments on time

– Optional insurance coverage through our DeFi Insurance Partner

5. Sefe plans

TribeOne individual savings Plan

Weekly payout to your wallet

No lock-in periods or min deposit

Optional insurance coverage through our DeFi Insurance Partner

6. NFT pool invest

– Community based pool funding to invest in NFTs

– NFTs are evaluated by leading NFT appraisers

– DeFi insurance to cover impermanent loss

7. Tele yields

– Earn highest risk adjusted APY against stable coins

– Optional insurance coverage through our DeFi Insurance Partner

8.DeFi insurance products ( this is our add on after partnering with our DeFi insurance partner)

i)Gap Cover: Allows for users to have ample time to rebalance their crypto-asset within the safe limits to avoid it being foreclosed.

ii)Hack Cover: Insurance coverage provided in the event of user wallet being compromised

iii)Credit Shield: Insurance to protect user crypto assets up to 80% of the market value.

Andrés M. | Satoshi Club: Wow a big ecosystem of products, great job😁👏

Paul Mont | Satoshi Club: There’s a lot to cover and we want to flesh out all the details!

Let’s get on with the community questions, shall we? So that we can satisfy our Satoshi Clubbers deep curiosity about Tribe One 😉

Mehdi | TribeOne: Well that’s an interesting story, I’ll try to keep it short 🙈

The seed was probably sown during the first bull run back in 2017 where the hype around bitcoin overshadowed the utility of blockchain. Once the dust settled down, it was the introduction of the revolutionary DeFi concept that connected the dots between the traditional ways of finance and the crypto world.🌏

The current market leaders for DeFi lending have done a great job in connecting users to a new way of conducting financial services however they were disconnected from the majority of the user base due to complexity. That’s where the Eureka moment struck about why can’t users have a more simpler way of conducting financial services. And that’s how the idea of TribeOne was proposed!

Of course 🚀🚀

Andrés M. | Satoshi Club: Great history behind a great project, thank you so much for the intro guys💪

Paul Mont | Satoshi Club: Beautiful and brilliant introduction! Thank you very much for your thoroughness!

Mehdi | TribeOne: 😊👍

Paul Mont | Satoshi Club: So let’s start now with the very first community question for the AMA 🙂

Q1 from Telegram User @samuelr21

We know that TribeOne has as one of its visions for the future the creation of products for the contribution to the Defi space and thus maximize their return, when they talk about the creation of products to which they refer and what function this product will have to maximize The return of finances? How will these products be new techniques or will they be just incentives to make users dedicate themselves to continue to be attached to you? Will these products be new tokens or some particular function?

Tan | TribeOne: TribeOne aims to bring improvement and innovations to the DeFi world. Currently the lending space within DeFi is overly collateralized. This situation is not in favour of the borrowers and is not giving back enough to them. We are launching a first all-in-one platform with consumer centric features like NFT funding, low to zero collateralized loans, loans to micro financiers, DeFi insurance. There is no such platform out there which solves all the user needs at one place.

Andrés M. | Satoshi Club: I have seen $HAKA as your main token, what are its usecases?

Tan | TribeOne: We aim to make TribeOne a one-stop-shop for the financial solutions of the users hence adding value for the users where users are able to avail benefits of low to zero collateralized loans, microfinanciers are able to get advantage of these features along with the DeFi insurance products to make sure that the users are protected against price volatility, hacks and exploitation.

Mehdi | TribeOne: There are! listed are some of the utilities

Staking Rewards: 

For holding $HAKA users have access to slot allocation, additional discounts on loans and Lowered interest rates.

P2P Risk Assessment & Governance Rewards:

$HAKA is allocated as an incentive for participating in risk assessment & Governance

Slot Allocation On NFT Financing:

Depositors of cryptocurrencies in TribeOne will receive $HAKA.

Zero- to Low-Collateralized Loans:

For low collateralized loans, users only need to provide 20% of the loan as collateral.

Early Repayment Rewards:

If users settle their low- or zero-collateralized loan early, they will be rewarded in $HAKA.

Staking Discounts:

Users will also have the option to stake $HAKA tokens and earn staking rewards.

Andrés M. | Satoshi Club: Interesting concept btw.

A lot of good benefits for holders, how to buy the token?

Paul Mont | Satoshi Club: Now, that’s called attaching real utility to a token 😉

Tan | TribeOne: That’s one question that I have been anxiously waiting to answer for a few months..🤩

We are having our triple IDO for Ignition, Red Kite and BSC Station tomorrow 🚀🦾..

Paul Mont | Satoshi Club: Congratulations guys! This an early, yet wonderful milestone for the project! 🚀🚀🚀

 So, that also means that tomorrow $HAKA will be listed!

Tan | TribeOne: I would request the Satoshi Club to follow 👀 our socials to stay updated about the IDO! 😎📢

Telegram- https://t.me/tribeone  ; https://t.me/tribeone_ann  

Twitter- https://twitter.com/tribeonedefi  

Medium- https://bit.ly/3biA4ex  

LinkedIn- https://www.linkedin.com/company/tribe1       

Website- https://www.tribeone.io/

Please follow the social handles😌📢

Paul Mont | Satoshi Club: What time will be the public listing ?

Yes, Satoshi Clubbers, join up and get your notifications on! 🔥🔥🔥

Andrés M. | Satoshi Club: Of course, let’s join Satoshi Clubbers, a great opportunity for all of you🥳

Well, thank you so much for the detailed and clear answers, are you ready for the next question?

Tan | TribeOne:  

We haven’t announced it publicly and Satoshi Club is the first one to know about the timings.🤩🚀🦾

Thank you very much guys, you rock! 💪💪💪

Andrés M. | Satoshi Club: Thank you so much for give us this big announcement first 🥳🥳🥳 it’s an honor

Tan | TribeOne: Please take part in the IDO to make it a success 🚀🚀🥳🥳🤩

Andrés M. | Satoshi Club: We wish you a great success on it 😃👏

Mehdi | TribeOne: Appreciate that guys! 😀

Q2 from Telegram User @yusbe22

TribeOne will use throughout the process of loans to users through the P2P system, leaving the scheme used by other centralized types, giving much more ease and fluidity of transactions, they will use the same methods and techniques in terms of security that other projects use such as verification by KYC providing users with a less risky experience regarding the loss of their finances, what kind of security do they handle regarding the handling of finances? Will they perform some kind of audit on users? How secure are their smart contracts, could you tell me something about it?

Mehdi | TribeOne: Wow….its like 3 questions in 1 😀

Paul Mont | Satoshi Club: That’s indeed a very in-depth question 🙂

Andrés M. | Satoshi Club: Yes, take your time please😁

Mehdi | TribeOne: TribeOne foresees such concerns and has proactively integrated certain safeguards to protect the investors as well as the borrowers. Our smart contract will be audited by a leading security agency. Along with AI based financial actuary; we have our very own superhero RAROC(RAROC stands for Risk Adjusted Returns On Crypto to fight through all barriers. Let me explain to you what RAROC)  is in simple terms because that is the key to ensuring the safety of TribeOne’s ecosystem; it evaluates the risk factor on the user which would imply KYC hence giving investors that level of comfort prior to investing. We would also be partnering with reinsurance protocol, to provide additional risk coverage that gives an additional layer of protection.

Andrés M. | Satoshi Club: We are happy to know that everything is SAFU💪

Paul Mont | Satoshi Club: So a bit like ROI, RAROC is instead a more advanced indicator, especially crafted for crypto assets/project risk evaluation and return?

Tan | TribeOne: Just to add on –

TribeOne will be offering additional insurance products through our DeFi insurance partner. These products will include:

Gap Cover:

Allows for users to have ample time to rebalance their crypto-asset within the safe limits to avoid it being foreclosed.

Hack Cover:

Insurance coverage provided in the event of user wallet being compromised

Credit Shield:

Insurance to protect user crypto assets up to 80% of the market value. TribeOne liquidity threshold works like an airbag. As we understand the volatile nature of crypto, the organization will offer an additional buffer of 35% making it up to 125% liquidity threshold. In comparison, the competitors provide an average liquidity threshold value of up to 90%.

The users will also be provided an option which gives a 7 days buffer for the token price to bounce back. With the user opting for yield farming, the profit earned off the collateral will be used to pay the insurance. Unlike other competitors which liquidate at 90%, TribeOne is able to extend the liquidity limit to 125% to avoid early liquidation of user’s loan.

Paul Mont | Satoshi Club: Definitely, with these features in place safety is not a concern. Great design!

Mehdi | TribeOne: the concept was to replicate the underwriting process which we did in our previous career as bankers; it doesn’t permanently avoid risk but it mitigates it to allow for business to grow

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

Then let’s proceed😁

Tan | TribeOne: RAROC is  TribeOne’s proprietary “Digital brain” that evaluates the risk for investors by profiling borrowers based on their repayment track record  so that a potential investor would be able to assess their investment decision.

RAROC is our proprietary risk algorithm that provides TribeOne to mitigate risk when issuing loans hence maintaining a low loss rate and allowing it to integrate across a broad spectrum of industry verticals in a space with limited access to centralised third-party data sources.

Q3 from Telegram User @indahmaryam

I saw that TRIBEONE is first project that give loan against NFTs and also for cryptos too it also provides insurance against liquidation and hack tribe one is all one Defi+NFT.What about fundamentals? And when will you announce your Vcs list which I heard also solid.

Tan | TribeOne: Coming from the financial background, we understand the issues and the flaws of the traditional financial world and can also see what users want in the DeFi space. Therefore all our products are completely user centric and user friendly. The product line ranges from NFT & crypto assets lending/borrowing and even loans for microfinanciers. Right from investors who want to invest in well value NFTs and make beneficial returns to microsfiancers who lack funds to start their business. Hence our products can be used by all.😊

We are proud to have an impressive list of VCs who have been supporting us right from the start in providing strategic advice to improve our project. The list of VCs is displayed on our website under the title of Our Backers. Additionally TribeOne is backed by prominent VCs such as FomoCraft Ventures, X21 Digital, Spark Digital, Titan Ventures, Kyros Ventures, and many others.

Paul Mont | Satoshi Club: The names listed here are truly impressive 👏👏

So lending and borrowing services will be available to enterprises as well?

Mehdi | TribeOne: It would be but there would be profiling done centrally on the borrowers for enterprise / SME considering there is inherent risk when lending to business; its great to offer up funding to help SME grow but we have to ensure that the capital of the lenders are protected

Paul Mont | Satoshi Club: That’s fair and honestly I appreciate the extra layer of safety. That goes in the direction of every stakeholders’ interest 👍

Andrés M. | Satoshi Club: Applauds for those great ideas👏

Now is time to proceed with our 4th question🥳

Q4 from Telegram User @Jonahapagu

TribeOne has different loans on its platform which are; Poloka Loans, Laiti Loans and mana loans and the timeline for the launch of this loan services is indicated on your roadmap as well. So Can you explain this three loan services, how are the three Loan services different from each other, what are the features of each of this three loans, and how can users of TribeOne participate in the Poloka, Laiti and Mana loans.

Andrés M. | Satoshi Club: Partially covered, please tell us more about how to join those financial products😃

Tan | TribeOne: TribeOne will be providing this facility by removing the collateral requirement that is key to crypto breaking out into global debt markets. DeFi has a massive opportunity to transform access to capital, but it will only be possible once we can issue loans without collateral.

The process of lending would be done similarly to what our team is well experienced in, whereby underwriting loans for SME and corporates. Hence the loans would only be granted to businesses where the profiling and credit risk undertaking has been undertaken. This process of approval/decline will eventually be moved to the community once data has been collected for them to make an informed decision.

The details of the three loan products are follows: 

i) Poloka Loans

– Loan to value upto 90%

– Automatic approval, no credit checks

– Zero fee and flexible repayment

– Optional insurance coverage through our DeFi Insurance Partner

ii) Laiti Loans

– Tailor-made loans for micro financiers offering low to zero collateralized loans

– Optional insurance coverage through our DeFi Insurance Partner

iii) Mana Loans

– Low to zero collateralized loans

– Users get access to this product after creating a credit profile by paying their instalments on time

– Optional insurance coverage through our DeFi Insurance Partner

Andrés M. | Satoshi Club: Are you planning to introduce another product?

Mehdi | TribeOne: We are currently working on this; its quite close to what built my career where we will link NFT with real estate; this would entail a lot of ground work as it would be working close with the local real estate authorities but considering our experience we should be best equipped to handle this 😉

Paul Mont | Satoshi Club: Sounds utmost promising👍🔥

Andrés M. | Satoshi Club: Thank you so much for the sneak peek😁. Time to go with our 5th question

Paul Mont | Satoshi Club: Here it comes 🙂

Q5 from Telegram User @andrey_seleznov

You promise zero to low Collateralized Loans. The user will have to provide only 20% of the loan as collateral in $HAKA to access lending options. Users with good credit history would be eligible for zero collateral. Could you please explain how you plan to cover the loan with such a small portion of the collateral? What do you estimate will be the liquidation point with such a small collateralization?

Mehdi | TribeOne: These loans would be limited to “good” users hence we limit the user base who would be eligible for these loans; the concept of providing these loans was to rewards users who are performed well on standard collateralized loans. There is always risk when giving loans without collateral so that’s why these loans would carry a higher interest earning which mitigates the risk and the way we have structed these loans is that we have collaborated with our DeFi insurance partner to carry a certain part of the risk and we have made provisioning in our treasury to compensate in the event of bad debt; as the users of these loans will have to carry history with us; there would be no liquidation point for these loans.

Andrés M. | Satoshi Club: So, could you please share us your roadmap? What else is coming for you into the second half of 2021?

Tan | TribeOne: TribeOne is on the run to achieve milestones throughout its journey. We have successfully completed our first two quarters as per our roadmap planning.

Our initial milestone is going to be fulfilled tomorrow, on 23rd June, when TribeOne will have a Triple IDO on BSC Station, Red Kite and Paid Ignition. 🚀🦾

We are working on building our platform initially on the Binance Smart Chain and then migrate to the Polkadot network once the mainnet is live.

Our initial aim is to catch the wave of NFTs, by focusing on launching our NFT platform. Therefore, our NFT platform is planned for our third quarter because we want the users to experience our platform as soon as possible hence aiming to have our MVP launched within a few weeks of the IDO itself.

In the later quarters we would launching our loans for individuals and SME platforms, investment products and insurance products.🚀        

TribeOne is all about innovative, consumer-centric products. We will keep working hard to enhance user experience and make products which can be beneficial for all. We will keep on adding more weapons to our armory and sky is the limit 🤩

I would say there are a lot of interesting things to look out for so please join our socials!🤑

Telegram- https://t.me/tribeone  ; https://t.me/tribeone_ann  

Twitter- https://twitter.com/tribeonedefi   

Medium- https://bit.ly/3biA4ex  

LinkedIn-   https://www.linkedin.com/company/tribe1        

Website- https://www.tribeone.io/

Andrés M. | Satoshi Club: A lot of amazing events coming, don’t forget to share the announcements with our community!

Paul Mont | Satoshi Club: Yes, please keep Satoshi Club in the know! 👏👏

Mehdi | TribeOne: of course 😎😎

Q6 from Telegram User @highpee

Your platform will introduce “NFT Slot Allocation” which will grant users exclusive perks, access to exclusive private auctions and special features. What is needed for a $HAKA holder to be granted an NFT Slot Allocation? Will this work like the guaranteed allocation used in launchpad which grants users that hold a certain amount of token a guaranteed place to first buy a token when a new project is launched? How will user be able to enjoy special discounts and be the first set of buyers to purchase newly minted NFT? What type of private auctions can users have access to as a result of being granted this slot allocation privilege?

Mehdi | TribeOne: This feature is to reward holders with the benefits we are able to provide them through the collaborations we undertake with NFT markets places. Holders would be granted first right of refusal on exclusive NFT launches and a host of other privileged benefits not accessible to a regular users on the NFT market place platform. The amount of $HAKA holding would be broken down to different categories each offering different rewards.

Andrés M. | Satoshi Club: And that’s it for this first part of the AMA, 6/6 questions👏

Thank you @mehdisuleman and @Tan_DeFi for this amazing first part, your answers where so clear and detailed

Paul Mont | Satoshi Club: We will now open chat for 2 minutes and our community will ask you some questions 🙂

Tan | TribeOne:  As we have our IDO tomorrow and knowing the following of Satoshi club, we wanted to make sure that your audience understands our project completely so they can take part in making it a success

Andrés M. | Satoshi Club: Yes I think it was, now our users have the opportunity to ask you personally.

Part 2 — live questions from the Telegram community

Q1 from telegram username @PyaraLarka

What is the Benefits of your recent Partnership with $LINK?

$HAKA X $LINK

 Mehdi | TribeOne: We just announced this today! 😀😀 By integrating Chainlink’s industry-leading decentralized oracle network, TribeOne will have access to high-quality, tamper-proof price feeds for our NFT and DeFi lending and borrowing platform. This will provide our users with strong assurances that they have access to the most authentic and updated price feed in the crypto sphere.

Q2 from telegram username @JoanaZ

➡️➡️ I have understood that TribeOne team have experience working on traditional Finance, so can you tell us how TribeOne is able to connect Decentralized Finance with the Traditional finance?

Tan | TribeOne: TribeOne’s main aim is to revolutionize through evolution together and bring in an era of advanced user centric DeFi financing. However the plus point of TribeOne is that we do not have any overhead which are associated with the real-world companies hence we don’t burden the users with additional charges.

TribeOne does solve a lot of real world traditional financial problems like Lack of Transparency, Unequal access to financial services, Counter-party risk, Time-consuming and Rigid infrastructure. We aim to overcome all these issues by introducing a range of user centric products like zero to low collateralized loans, NFT funding platform and DeFi insurance add-on provided after our strategic partnerships, all for safeguarding our users.

We all dream to have a perfect marriage of traditional finance and the DeFi world where we can have all the benefits of the traditional banking system and also enjoy the perks of DeFi. TribeOne became the reality of that dream. ☺️

Q3  from telegram username @mobileljii

✅✅  what are the security concerns and measures adopted by Tribe one to make funds  secure and safe? will you do any third party audit?

Mehdi | TribeOne: That’s a very good question! 🤩

TribeOne foresees such concerns and has proactively integrated certain safeguards to protect the investors as well as the borrowers. Our smart contract will be audited by a leading security agency. Along with AI based financial actuary – RAROC we are also collaborating with DeFi insurance providers who will provide coverage and protection against market volatility, hacking, and credit risk.

We have our very own superhero RAROC to fight through all barriers. Let me explain to you what RAROC is in simple terms because that is the key to ensuring the safety of TribeOne’s ecosystem. We would also be partnering with reinsurance protocol, to provide additional risk coverage that gives an additional layer of protection.

Q4  from telegram username @Gen_Block

How TribeOne spread the awareness rapidly around the space about the exposure of project? Is this global project so everyone from every where can join? This is great project anyway. Thanks 👍

Tan | TribeOne: TribeOne believes in evolution together regardless of any geographic, cultural boundaries. An evolution that grows together and a community that shines together.

TribeOne is created not only to be financially inclusive but also to have connection with the different communities globally, for that reason we have onboarded multiple influencers from various countries to ensure that the message of TribeOne that is spread in their local languages so as to avoid loss in translation situations. This is one way we acquire global reach. 

We created this platform, not only to be financially inclusive but also to have connection with the different communities globally, for that reason we have onboarded multiple influencers from various countries to ensure that the message of TribeOne that is spread in their local languages so as to avoid loss in translation situations. This is one way we acquire global reach. 

All our products are completely user centric and user friendly. The product line ranges from NFT & crypto assets lending/borrowing and even loans for microfinanciers. Right from investors who want to invest in well value NFTs and make beneficial returns to microfiancers who lack funds to start their business.Hence our products can be used by all.😊

Q5  from telegram username @atillayeni

What is the reason of you to name this project as TribeOne? Why not HAKA Defi?

Mehdi | TribeOne: The concept of TribeOne draws some of its inspiration from the Samoan culture which focuses on family, unity, respect and working together as a community. Our products are named after the different tribal words. Our token $HAKA means war dance that indicates the power of holding the token with victory.

The seed was probably sown during the first bull run back in 2017 where the hype around bitcoin overshadowed the utility of blockchain. Once the dust settled down, it was the introduction of the revolutionary DeFi concept that connected the dots between the traditional ways of finance and the crypto world.🌏

The idea behind the name TribeOne was our aim to bring the community together and provide them with a one-stop-shop for all their financial needs. Our motto “Be your own Bank” is a revolution that breaks through the barriers of traditional financial systems. The barriers like lack of transparency, unequal access to financial services, rigid infrastructure that are faced by users while opting for financial products.

TribeOne believes that the users should manage their own finances and must be aware of where their hard earned money lies.

In short we want to build a strong community like a Tribe and move ahead towards success as One hence the name TribeOne 🤩😄💪🚀

I guess I got a bit emotional as it is too close to my heart. 🤩

Q6  from telegram username @Cheriemike

Do you have any plans for Token Burning in other to increase Token value that will attract Investors to invest?

Tan | TribeOne: I am impressed that you are following our project closely. 😍

We do have a token burn in place, where 10% of the profit earned from every successful transaction is used to ensure we have a deflationary ecosystem i.e. the burn will continue till the total supply is reduced to 50% hence more value for money for HAKA holders. We foresee TribeOne being a bridge between the traditional banking users and the DeFi space so we can bring greater adoption within the crypto ecosystem by providing user centric financial products to benefit all users. 🦾🚀😎

Q7  from telegram username @messilolz

among the different loans provided by your platform which is better MANA loans ,or Poloka loans?

Mehdi | TribeOne: Poloka Loans are similar to your collateralized  loans so the journey would be the same for most users as they would experience in other lending platforms’,; Mana loans would be a step up from Poloka loans where based on how the user performed on loans taken on Poloka they would be eligible to take out a Mana loan which would allow for Zero or low collateral loan being given. The penalty for delayed payment would result in the interest rate being revised till the loan is repaid in full.

Q8  from telegram username @adaatalay

What makes TribeOne different from other similar projects?

Mehdi | TribeOne: TribeOne aims to bring improvement and innovations to the DeFi world. Currently the lending space within DeFi is overly collateralized. This situation is not in favour of the borrowers and is not giving back enough to them. We are launching a first all-in-one platform with consumer centric features like NFT funding, low to zero collateralized loans, loans to micro financiers, DeFi insurance. There is no such platform out there which solves all the user needs at one place.

Q9  from telegram username @DK177

💰💰💰 What makes you to think TribeOne will get attention during this bear market? Where do you see yourself during next 5-10 years?  @Tan_DeFi @mehdisuleman

Mehdi | TribeOne: So you mean 50 years in crypto time 🙂

Well, TribeOne is all about innovative, consumer-centric products. We will keep working hard to enhance user experience and make products which can be beneficial for all. We will keep on adding more weapons to our armory and the sky’s the limit 🙂

So I would say there are a lot of interesting things to look out for so keep a watch on our socials!

Q10  from telegram username @Korryl

I read that Tribe One are building platform on the Binance Smart Chain, yes I know that BSC really popular which fast and small gas fee, but do you have plan to do bridge to other chain like solano, matic or polkadot?

Tan | TribeOne: I agree with that comment. After noticing that the gas price of Ethereum is high and it’s added cost for the users. So after evaluating, we felt that it is a better option is to build on Binance smart chain initially and then migrate to the Polkadot network once the mainnet is live and our tech teams are comfortable with the migration to ensure smooth transition.

TribeOne we have the vision of making our platform accessible across all the different blockchains hence our tech team is working on enhancing our cross chain interoperability and besides ETH, BSC and DOT, we will also work on adding more chains to our armour.

Part 3 – Quiz Results

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

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

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

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

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

Chinese Telegram group: https://t.me/satoshi_club_cn/

Indonesian Telegram group: https://t.me/satoshi_club_indonesia/

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Website: https://esatoshi.club/

Our partners:

Telegram- https://t.me/tribeone  ; https://t.me/tribeone_ann  

Twitter- https://twitter.com/tribeonedefi   

Medium- https://bit.ly/3biA4ex  

LinkedIn-   https://www.linkedin.com/company/tribe1        

Website- https://www.tribeone.io/

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 iTrustFinance and our guest is @rlcooke. The AMA took place on the 20th of June.

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&WebSite

Rob | iTrust.finance:
Hi everyone!

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

Rob | iTrust.finance:
Hope you’re all having a good Sunday! Thank you @GoldRocket27.

Gold Rocket | Satoshi Club:
How are you? 😊

Rob | iTrust.finance:
Yeah i am good! Been a crazy few months at iTrust, my phone is literally overheating if i’m on a call for more than 40 min. I’ve fried my phone and my health this past couple months! But good, how are you?

Gold Rocket | Satoshi Club:
Well, I hope it pays off 😉

Rob | iTrust.finance:
I am sure this industry will prevail!

Gold Rocket | Satoshi Club:
We are very excited about the upcoming AMA😍

Rob | iTrust.finance:
Good to hear!

Gold Rocket | Satoshi Club:
Let’s start!
Introduce yourself please. How did you get to be involved in crypto & ITrustFinance?

Rob | iTrust.finance:
Yeah sure!
I am Rob! one of 5 co-founders at iTrust, I have been fully involved in crypto for about 5 years. I am half korean and half english, and lived in korea for 5 years! I have been helping to build many aspects of iTrust from the token economics, to platform development, and more so lately BD role.

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

Rob | iTrust.finance:
Btw, it’s become a bit of a tradition to end my answers with the iTrust auberMOON, so we know when to move to next Q 👌
Yes, good question. So we are building with the DeFi insurance vertical.
Essentially we are helping insurance protocols build cover capacity, so they can offer more premiums. We use capital from the stakers in the DAO, they help the underlying protocol to build cover capacity which translates to the stakers earning from the native network rewards, as well as iTrust gov tokens. We came up with idea in theDeFi summer. 3 of 5 founders are seed investors at Nexus, so we saw the problem with a insurance protocol not having enough cover capacity.

Gold Rocket | Satoshi Club:
I think this is a very important direction in crypto👍
How did you get the idea to create this project?

Rob | iTrust.finance:
Which was the idea behind the initial concept:
https://medium.com/itrust-finance/itrust-finance-partners-with-nexus-mutual-to-offer-a-host-of-staking-benefits-to-nxm-and-wnxm-2015aa77f45c
This best describes what we are doing with Nexus mutual.
That was an official partnership announcement. I think we are bigger than a trend…defi insurance is trending. Building cover capacity is intrumental in the progression of defi insurance.

Gold Rocket | Satoshi Club:
Well, you are completely in the crypto trend😉🚀
Also we would like to know about your team. Who is on the project team core?

Rob | iTrust.finance:
Yep, so as mentioned 5 founders: 3 were seed investors at Nexus, one is still an advisor there. These 3 founders have >25/30 years in trad banking/finance sector and all been in BTC/crytpo since 2013-2015.
Myself and CTO have been fully dedicated to crypto since 2016/17 building technical solutions in the bc and finance vertical for the past 3-4 years.
Paul, CTO, has over 30 years experience in building systems that scale for the likes of Barclays, Lloyds, Cigna and other major blue chip companies for years. Dev team is 4 devs, 2 front end, and we have marketing and community leads with very good history in their fields.

Gold Rocket | Satoshi Club:
The Nexus is a very good project. We are familiar with it 👏
Wow! great background for the team👏👏👏

Rob | iTrust.finance:
DeFi insurance OGs

Gold Rocket | Satoshi Club:
Thanks for the introduction, we will have a question selected for the Part 1. ready to start?

Rob | iTrust.finance:
Yup, born ready
Lambo NOW!

Gold Rocket | Satoshi Club:
Q1 from Telegram User @yellowchamp
Can you explain more about the Genesis Loyalty Program of iTrust Finance? How does it work and what are the mechanics of this loyalty program? How and who will be eligible for this loyalty program in your platform? What are the incentives or rewards that is claimable from this loyalty program? How does rewards or incentive be distributed to users of ITrust Finance? Thank you.

Rob | iTrust.finance:
Wow that’s a loaded question! and someone been reading the whitepaper?
We have a Genesis Nexus Bonus Pool, anyone who stakes 10 NXM (or more) are eligable to join the Genesis Bonus pool. This pool will consist of a 6 month bonus pool, 12 month and 18 months, so as long as you stay staked in one of our Nexus Vaults for the period (6/12/18 months) then you will get a proportional share of the Bonus Pool!

Gold Rocket | Satoshi Club:
Satoshi Clubbers always carefully study projects. believe me 😁

Rob | iTrust.finance:
Thats great!!!

Gold Rocket | Satoshi Club:
Sounds great 👍

Rob | iTrust.finance:
Also why i was so excited to do this AMA before our IDO whitelist closes!!!
WIN a guaranteed $300 allocation to the iTrust.Finance IDO! We have a small number of whitelist spots to give away to Satoshi Club members for our hotly-anticipated IDO on SushiSwap MISO, 23rd June 2021. To enter:
Email: miso@itrust.international (http://miso@itrust.international/)
Use this Email Subject line: iTrust IDO – Satoshi Club If you are chosen as one of the winners, you will receive a reply with your link to complete KYC to secure your spot on the whitelist – with an allocation of $300! For more information on the iTrust IDO, visit: https://info.itrust.finance/ You can also join the iTrust Telegram group here: https://t.me/joinchat/3kGHhgf9Y-FlOTFk
There is our special whitelist, but i can also share the kyc form here:
https://verify-with.blockpass.org/?clientId=itrust_miso_ee834&serviceName=iTrust%20MISO&env=prod
We also have future bonus pools for onboarding future protocols, which is on our roadmap!

Gold Rocket | Satoshi Club:
Great opportunity for Satoshi Clubbers! don’t miss guys! 🚀

Rob | iTrust.finance:
Easier to go through KYC straight away as last few hours to complete KYC!
exciting guys!

Gold Rocket | Satoshi Club:
Thanks for sharing👍
that was the perfect answer! ready for the next question?🚀

Rob | iTrust.finance:
No problem! haha.

Gold Rocket | Satoshi Club:
Q2 from Telegram User @andrey_seleznov
Hi iTRUST!

I know that iTrust.finance’s partnered with Nexus Mutual! This is a promising partnership as it will allow DeFi users to finally have a means of mitigating at least some of the risks and insure their investments. Could you explain in detail how this insurance works? Is it automatic for all iTrust users? What cases of loss does it cover and does it guarantee a 100% coverage? And finally where do the funds come from. There should be a substantial pool to compensate all victims if a major project collapses. Thank you!

Rob | iTrust.finance:
Yup, this is a good question, and signals some of the confusing around what iTrust is doing. So we are not offering insurance…We are offering stakers to help insurance protocol build the cover capacity needed to issue insurance.

Gold Rocket | Satoshi Club:
Explain to us please🙏

Rob | iTrust.finance:
Yes sure, so the stakers of iTrust DAO are directly helping Nexus to build the “cover capacity” that is need to “back” the insurance that is sold… and in doing so, they earn a portion of the network fees, in the form of native Nexus rewards!
So theiTrust DAO is:
a. Helping insurance protocols build cover capacity and offer cheaper premiums.
b. Help stakers to stake their xNXM or NXM into the smart contracts that users by the insurance from increasing and accruing their token rewards
which they can claim at their own discresion, helping to “socialise gas costs” making reward accrual more efficient.
c. Increase the overall value of the protocol.

Gold Rocket | Satoshi Club:
Benefits are obvious! 👍What exactly are you most proud of?

Rob | iTrust.finance:
https://medium.com/itrust-finance/how-does-defi-insurance-work-9c6c2b99d73b
This is good overview of how DeFi insurance works.
Proud of what we have build in the last few months and the reception we have from community and investors has been a great verification of what we are doing. Also very proud of the website and concept of the iTrust Community Reef.

Gold Rocket | Satoshi Club:
I love that you are not caught off guard. You always have an article on Medium 😉

Rob | iTrust.finance:
https://medium.com/itrust-finance/welcome-to-the-itrust-community-reef-8172eb709bf9
That explains the concept of the Reef, and how staking into insurance is mutually beneficial/symbiotic!
Like many of the animal relationships we find in marine ecosystems! Really want to have a respected crew of cryptonaughts in the iTrust mix!!!

Gold Rocket | Satoshi Club:
Yes, it’s a good idea, compare it to the marine ecosystem👍
Thank you very much for your answers! Ready for the next question?

Rob | iTrust.finance:
Yes, and the cooledt thing is marine insurance was one of the first forms available in 17th century! Because if you lost your ship at sea it was a lot of cargo/value lost, kind of like a rug pull!!! So now we have Nexus that insure against the ShipREKT market.

Gold Rocket | Satoshi Club
Q3 from Telegram User @victorogb
An important aspect of iTrustFinance support scheme is the iTrust Community Grants Program (CGP), which would be created to empower the community to develop projects for the benefit of the DAO. The CGP when fully functional, would provide guidance, mentorship and funding to individuals and teams participating in the program. Even as the success of this program is directly hinged on the availability of funds, how would the Community Grant Funds (CGF) be generated and consequently distributed among the selected individuals and teams of the CGP, and what criteria does iTrust consider in it’s choice of eligible persons or teams for it’s grant program?

Rob | iTrust.finance:
Yes, the grants program is being finalised now. We have been more focused on the grant distribution/proposal submission and selecting commitee
rather than just saying “we have a grants program, here it is”
we are thinking, “how do we define a community driven process to build a good grant issuance platform”. So we have Eugene who is really helping to build the structure within which the community can help to define the import buidling projects going forward. The grants will be focused around developments that better the DeFi ecosystem, educate the wider defi eco system about defi insurance, and make insurance more assessible. We have a partnership with GoodFi to explore more of these avenues!

Luis Merino 🇪🇸 | Satoshi Club:
I’m here now

Rob | iTrust.finance:
Hi Luis!

Luis Merino 🇪🇸 | Satoshi Club:
Hello Rob! Thank you for attending to the AMA

Gold Rocket | Satoshi Club:
Does community activity affect the final product?

Rob | iTrust.finance:
The community will become intrinsic in the Vault structures in the future
currently iTrust has defined a process to assess risk strategies for the staking Vaults. We have had a 3rd party, called Smarter Contracts to review our risk accessment process. I also have another medium post about this !!!
https://medium.com/itrust-finance/smarter-contracts-review-confirms-high-standard-of-itrust-s-contract-auditing-processes-a79d7e9c5bc9

Luis Merino 🇪🇸 | Satoshi Club:
Looking forward to the date it is fully ready 😄

Rob | iTrust.finance:
Yes grants should be released Q4, but platform is fully ready and functioning!!!

Gold Rocket | Satoshi Club:
You’re awesome😁

Rob | iTrust.finance:
We also have just had our zokyo audit in, but that is a platform audit, not our risk accessment process, so different.

Gold Rocket | Satoshi Club:
Please share your results with us. It is very important

Rob | iTrust.finance:
Signals end of answer (for Luis)
https://medium.com/itrust-finance/itrust-passes-zokyo-audit-with-flying-colours-ac9334d581b8
Functioning platform is most important, most projects/IDOs do not have working platform, but we DO!!!

Luis Merino 🇪🇸 | Satoshi Club:
Oh really? I love it haha.
Btw, I love your sticker pack. (I’m the sticker lover inside Satoshi Club) 😅😂

Rob | iTrust.finance:
Yes we have a great team of designers, can see from our website!

Gold Rocket | Satoshi Club:
Thanks for sharing! We will definitely take a look at this. Safety first👍

Luis Merino 🇪🇸 | Satoshi Club:
That’s what makes you better 😉

Gold Rocket | Satoshi Club:
Absolutely right! the designers did a very good job.👏

Luis Merino 🇪🇸 | Satoshi Club:
As you say, many projects make IDOs without having their platform… And many of them never develop it 😅

Rob | iTrust.finance:
That the ShipREKT!!! careful of that ApeAPY.

Luis Merino 🇪🇸 | Satoshi Club:
iTrust does, that’s AMAZING!

Rob | iTrust.finance:
Yes, i have lived through that in 2017!
SaveDroid…where are you?

Gold Rocket | Satoshi Club:
Thanks for your great answers 😃

Luis Merino 🇪🇸 | Satoshi Club:
Q4 is coming 👀

Gold Rocket | Satoshi Club:
Ready to proceed to the next question?

Rob | iTrust.finance:
Yes! @GoldRocket27

Gold Rocket | Satoshi Club:
Q4 from Telegram User @surendra040
iTrust IDO has already received over 10000 applications for 600 spots whitelist available. I understand that due to high number of kyc its taking period to accept but how long period is it is expected to be waited kyc on queue of applicants? you have further increased small number of spots but how many more spots wil be available is not clear. Please provide further details on this and the process of your IDO to be selected.

Luis Merino 🇪🇸 | Satoshi Club:
Great question
Seems like many many people is interested on the IDO 👀🚀

Rob | iTrust.finance:
Yes sure, we had a crazy whitelist…like 10,000+ within the first week, and we knew that many of those ppl were not interested in project or IDO, so we decided to go down a more personal route by allowing whitelist participation for AMAs with strong crypto communities, but we have keep the same limit, 600 ppl, 500 chosen for max allo of $300 usd on MISO.
If Satoshi members join the KYC they will be likely to have a number of spaces on a first come first serve basis. Then on MISO the whitelist we share with them will be guaranteed 🙂

Gold Rocket | Satoshi Club:
This is a very good idea! 😃

Luis Merino 🇪🇸 | Satoshi Club:
Our community will love that for sure 👏

Rob | iTrust.finance:
Awesome, we have big love for Satoshi Club!

Luis Merino 🇪🇸 | Satoshi Club:
Satoshi Club has it also for iTrust 😉🚀

Gold Rocket | Satoshi Club:
Please specify the dates of the IDO.

Rob | iTrust.finance:
23rd June
We have a great info page:
https://info.itrust.finance/

Luis Merino 🇪🇸 | Satoshi Club:
We are almost there

Rob | iTrust.finance:
Very close bro!

Gold Rocket | Satoshi Club:
Wow Wow wow! It’s very hot very soon! 🔥🔥🔥

Luis Merino 🇪🇸 | Satoshi Club:
Thank you! Pretty visual and useful.

Rob | iTrust.finance:
Just the start!!!

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

Rob | iTrust.finance:
That is literally all my tentacules overworked these days.

Gold Rocket | Satoshi Club:
Q5 from Telegram User @orlemys
You are a relatively new project, and something that has caught my eye about iTrust particularly is the number of innovative products you offer, which is quite an impressive feat for new projects nowadays. So, I’d like you to tell us more about the REKT Prediction Market and the Vault Strategy Discovery Fund. Even though they seem very interesting, I’m a little confused about them. How exactly will they work and what are the main benefits they will bring your community long-term? Also, if I’m thinking of investing in your project what are the steps I should take to become a part of your community?

Rob | iTrust.finance:
Ah ha read my mind! Love this question!!!!!! So, it is interlinked

Gold Rocket | Satoshi Club:
We believe in you! You can do it💪🦑🐙

Rob | iTrust.finance:
The REKT Market will be a prediction market that predicts on future REKT contracts with DeFi insurance. So we will look at all the contract available to buy cover and we will hold:
a. token weighted
b. quadratic voting
c. token rewards.

Luis Merino 🇪🇸 | Satoshi Club:
I’m not good at all with predictions 😅😂

Rob | iTrust.finance:
You probaly wont get promoted to the Vault Strategy Discovery Fund then!
Because good predictions will lead to a good “meritocratic rating” within the other participating sections of the DAO which in time will include buidling the vault strategies for the stakers in the DAO, because we want the DAO to ultimately control the operations of the DAO, but we do not want Luis making all the Vault Strategies!

Luis Merino 🇪🇸 | Satoshi Club:
I will try my best… 😎 Love it!!

Gold Rocket | Satoshi Club:
So pity Luis @LuisMe7

Luis Merino 🇪🇸 | Satoshi Club:
Yeah… 😔

Gold Rocket | Satoshi Club:
Lol😂

Luis Merino 🇪🇸 | Satoshi Club:
Highly appreciated… Rob 😔
(Just joking)

Rob | iTrust.finance:
Hehe, sorry not sorry.

Luis Merino 🇪🇸 | Satoshi Club:
I love the idea, even though it isn’t profitable for me 😉

Rob | iTrust.finance:
Haha, but you will benefit form the most strong vault strategies from the crowd wisdom! Just your voting in the quadratic market will affect what strategies go to the VSDF to pick from. Hope that makes sense 🙂or…? haha not for now.

Luis Merino 🇪🇸 | Satoshi Club:
Yeaaaaah 🚀🚀🚀🚀

Rob | iTrust.finance:
We have a huge release scheduled with Finance Vote, who are making these quadratic voting systems and have been an integrual partner for us
and we are trying to keep things a bit hush hush about the REKT Market until after Launch. Too many things!!!

Luis Merino 🇪🇸 | Satoshi Club:
Finance Vote, they are great

Rob | iTrust.finance:
We love Dr. Nick, he is so raw man…I mean ex academic turn Degen Overlord…

Gold Rocket | Satoshi Club:
It’s amazing how much you can do. man is not subject to it. so you are an octopus 😁

Rob | iTrust.finance:
Fk yeah

Luis Merino 🇪🇸 | Satoshi Club:
They have had two AMAs with us, I think 🤔

Rob | iTrust.finance:
Octopus, lives in ShipREKT’d market. Yeah we love Dr. Nick, there are a lot of synergies with the FVT team and iTG.

Gold Rocket | Satoshi Club:
Also, if I’m thinking of investing in your project what are the steps I should take to become a part of your community?‌‌(с)

Rob | iTrust.finance:
Haha, IDO! then straight to Sushi LP pool! This is a long term project, we are just at the start of the defi insurance infrastructure being built and we are a part of the infrastructure to enable growth!!!!

Luis Merino 🇪🇸 | Satoshi Club:
Be careful with Gold Rocket! She’s a whale 😅

Gold Rocket | Satoshi Club:
Thank you very much for not calling me a shark. 😂

Rob | iTrust.finance:
Haha
Careful of the shark! He swims around the Underbelly of the Ocean, trying to eat me when i am investigating ShipREKTs.

Gold Rocket | Satoshi Club:
Thank you very much for your answers! Ready for the last question of this part 🙂

Rob | iTrust.finance:
Is it question time?

Gold Rocket | Satoshi Club:
He has no chance. You are awesome😁👍

Rob | iTrust.finance:
I am hiding under shells when he swims past, the “bear”shark? or the bullshark? Haha, the concept evolves…

Gold Rocket | Satoshi Club:
Q6 from Telegram User @nataliyakil
iTrust.finance partners with Nexus Mutual to offer a host of staking benefits to $ NXM and $ wNXM holders. So what are the benefits of staking for $ NXM and $ wNXM holders, and how do you access them? Do we need to own two tokens at once or do we have a choice? What other programs can you offer to $ NXM and $ wNXM holders? Do the benefits you offer users depend on which token they own? Do you cooperate with any other projects, offering advantages and benefits to the holders of their tokens?

Rob | iTrust.finance:
Wow, deep. I like it. Natali, you are stimulating my octopus brains.
So first distinction between wNXM and NXM:
NXM is the native token of Nexus Mutual, it is used to stake against contract by the Nexus community (who have to be KYC’d), wNXM is the wrapped token. You can not stake wNXM, and that means you are not able to get staking rewards. And, for the mutual, the wrapped tokens essentially take native tokens out of their “system”, which is affecting the “cover capacity” issue i mentioned early, so…iTrust takes both wNXM and NXM, it does not matter if you are Nexus (kycd member) or non-kycd wNXM holder,
you can both earn staking rewards, with iTrust!
“The iTrust platform will build a bridge to optimised staking for $wNXM token holders who cannot receive rewards via the Nexus Mutual platform, and $NXM holders who have been reluctant to stake or have been staking inefficiently. The resulting increase in staked tokens and engaged stakers will allow Nexus Mutual to unlock cover capacity that had hitherto been inaccessible and in turn, to lower cover premiums and increase their user base.”

Luis Merino 🇪🇸 | Satoshi Club:
Wooow! Sounds good

Gold Rocket | Satoshi Club:
Tell us please about your tokenomics btw😊

Rob | iTrust.finance:
A range of iTrust Vaults will be available, varying staking strategies to suit the risk appetite of the particular staker. At launch there will be two Vaults for users to stake into: Vault A: An index of all the contracts available on Nexus Mutual. Vault B: A low risk / high rewards Nexus strategy developed by the iTrust.finance DAO. Enhanced Rewards: In addition to receiving Nexus Mutual rewards and any associated Shield Mining rewards, iTrust Vault users will also receive iTrust Governance Tokens ($iTG). The $iTG token is packed with utility and added value”
https://medium.com/itrust-finance/itrust-finance-partners-with-nexus-mutual-to-offer-a-host-of-staking-benefits-to-nxm-and-wnxm-2015aa77f45c
Do you cooperate with any other projects, offering advantages and benefits to the holders of their tokens? Yes! Finance Vote and Nexus

Luis Merino 🇪🇸 | Satoshi Club:
And also tell us some words about your partners… And maybe the future ones that are on the way? Any clues? 😉

Gold Rocket | Satoshi Club:
This is the case when copy paste is very appropriate. 😁

Rob | iTrust.finance:
When we build the REKT market, we will have multiple project putting up token rewards! It will be a bonanza of token rewards that roll-over if contracts to do get REKT! Its gonna be super interesting, we are also in contact with a number of insurance protocols, with the aim of onboarding them in the same capacity as Nexus.

Gold Rocket | Satoshi Club:
Tokenomics? 😉

Rob | iTrust.finance:
https://info.itrust.finance/assets/docs/iTrust_Token_Economics.pdf
Really really detailed answers in here. We have literally broken down every and been super transparent with all our number.

Gold Rocket | Satoshi Club:
You are definitely not a human, but an octopus! It was very fast 😁

Rob | iTrust.finance:
This is crypto… we understand that wallet address and TxID will unravel everyone, so we have been super organised and transparent.

Luis Merino 🇪🇸 | Satoshi Club:
That’s the way!
But an octopus has 8 tentacles… I think he has even more 😅

Rob | iTrust.finance:
You beat me to it Luis!

Luis Merino 🇪🇸 | Satoshi Club:
So… Part 1 is over… Or do you want to add something else?

Rob | iTrust.finance:
No no all good! I mean…

Gold Rocket | Satoshi Club:
Thank you very much for this incredible piece of AMA! It was fun! 😉 And educational. Ready for the most impressive part of our AMA? Live questions 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Ishan1_7

The warranty factors used by iTrust are divided into three categories: efficiency, increased returns, and simplicity. Can you explain why these three factors are critical to your ecosystem’s infrastructure and how they ensure user profitability?

Rob | iTrust.finance:

I. Efficiency
Build cover capacity1 for insurance protocols, enabling lower
premiums and increased adoption. Our first partnership is
with Nexus Mutual, with multiple protocols following shortly.

II. Increased Returns
Maximising user staking rewards by understanding the risks
surrounding leverage and exposure; and in the future
expanding to simple cross-insurer exposure.

III. Simplicity
Managing the end-to-end staking process with a simple
user interface, providing an easy-to-use reward accrual
platform.

Q2 from Telegram user @messilolz

I saw a very interesting logo of your project in the telegram community.What is the meaning behind your project logo and your project name?

Rob | iTrust.finance:

Deep Sea Question: Morse Code…We created the logo in Novemeber, and the Oceanscape theme didnt come until reletively recently…iTrust is actually based on an insurance trust, rather than “Trust Me Fren”. So yeah , i am going to leave that answer there, and let the community work out the cryptic answer from reading our medium posts x.

Q3 from Telegram user @Kabirkapoor9

What is genesis NFT programme? What kind of benefits will users enjoy through this event?

Rob | iTrust.finance:

So I love NFTs, i have been writing about them since 2018, in regards to a smart city utility system. If you take the bus/cycle into work then you earn an NFT for city parking on the weekends, which you can sell to other ppl in community who want them. Anyway another issue, but in iTrust the NFTs will contain business logic, so if you stake NXM/wNXM into one of the Vaults and hold it there for a certain amount of time then you will earn from NXM rewards, and if you keep it long enough then you will earn an NFT that essentially gives you privaledges within the platform and enables you more earning potential etc. These NFT s are also transferable, so they will hold an intrinsic value to anyone within the platform. Its an option to earn extra bonuses as well as earn DeFi Insurance/Nexus staking rewards at the same time. Benefits will include reduces fee structure, possible early access to features such as Prediction Market, Yield vote or Vault Strategy Fund.

Q4 from Telegram user @Amila19932

There are so many features on ITRUST, Could you please give us a brief introduction on these features? 1.Staking vaults
2.Coral farming
3.Community reef
4.Ship (REKT) market Which one of the above is more important in point of yourview?

Rob | iTrust.finance:
The Staking Vaults- directly staking into Nexus and earning reards. Coral LP Farming- we will be releasing a coral farming LP program within the first week, then the more complex yield vote about a week or so after. Community Reef-t his will be a section where governance votes take shape. ShipREKT Market- the most exciting development: token wieghted/quadratic voting, leading to multi token rewards pools and meritocratic ratings that will be taken forward in all aspects of the DAO. The meritocratic ratings will also be underpinned by users NFT ID! so IDs will be valuable! and you will need iTG to mint the ID.

Q5 from Telegram user @magnet0011

Can you provide the project, roadmap and tell us a little about, your plans for 2021. and your plans, for next year 2022???

Rob | iTrust.finance:

2021 Q2
Launch IDO
Launch iTrust.finance with Nexus Mutual
Launch LP Program
Launch SushiSwap / UniSwap Pools

2021 Q3
Launch Community Grants Programs
Onboard Next Insurer
REKT Market Launch
Yield.Vote LP Program

2021 Q4
Continued Insurer Integrations
Cross-insurer Vault Staking Announcement
Community Vault Discovery Fund Launch

2022 Q1
Annual iTrust DeFi Industry Overview: Including analysis across DeFi Insurance market, REKT markets overview, Vault Strategies Comparative Analysis, Industry highlights, etc

Q6 from Telegram user @JoanaZ

No matter how much security measures do you take, always exists risks , so can you tell us how do manage the risks?

Rob | iTrust.finance:

Security has been at the the forefront of the development teams mind. There are 2 elements of risk here:

1. Risk assessment of Vault strategies and contracts chosen to stake against.
2. Risk of users stake being vulnerable to hacks.

Number 1: We have our stragy/vault risk assessment process reviewed by smarter contracts, as shared earlier: https://medium.com/itrust-finance/smarter-contracts-review-confirms-high-standard-of-itrust-s-contract-auditing-processes-a79d7e9c5bc9

Number 2: We have built in Trustology into our wallet/vault solution, so users tokens, has been pre programmed, only be distributed to Nexus staking address and the iTrust ditribution contract, therefore, even we as founders hav eno way of tampering with the route that stakes and rewards travel!

Q7 from Telegram user @Smartling

What kind of relationship is between iTrust and Nexus Mutual?

Rob | iTrust.finance:

3 of our 5 co founders invested in Nexus seed in 2017. One is still an advisor there. We are very close and trusted with NXM.

Q8 from Telegram user @Zohaya

How can we put our trust in you, iTrust Finance? Is it true that there is no rugpull?

Rob | iTrust.finance:

We are using dApp technology from Finance Vote, e.g. their product “Bank.vote” means any community member can go and see where the token are distributed to. For example, the cliff-linear vesting schedules for the Community Grant and the Team Tokens will be completely viewable within bank vote, so you can seethat there has not been any rug pull or manipulation, and because we have a very transparent token economics which is publically available! We have also been kyc’d by all our investors, so… we are putting our professional careers on the line.

Q9 from Telegram user @mrorner

Have you developed or are you planning to develop a program for ambassadors so that your project can attract more people????

Yes, one of main goals for the next step is to build a really strong and engaging community! If there are ppl that are interested please sign our support form, but yes we want to focus on community buidling next!!!

Q10 from Telegram user @soyestefanya

What level of stability, legality, balance, utility do they offer in this project? What are you proud of having achieved so far with your project?

Rob | iTrust.finance: T

The iTrust Governance Token ($iTG) is given as an incentive for stakers in the vaults, rewards for LPs who provide liquidity for the network, and to foster a strong active community. The iTrust tokens have many uses within the iTrust ecosystem;

Access Rights

To participate in community discourse (e.g. Telegram/Discord) users must hold iTrust tokens, allowing access to closed groups.

Application and Aquisition of Voting IDs

To participate in community and governance votes, users needs to purchase a voting ID. Having iTrust tokens gives the user the right to access the application process where the user can then purchase a voting ID with the iTrust token. The user needs to hold iTrust tokens for their voting ID to be valid. Once the user has a valid voting ID many areas of the DAO are open for participation.

Prediction Markets (e.g. REKT Market)

Using the voting ID (purchased with $iTG tokens) the user can participate in the prediction markets, utilising $iTG token to stake on contract(s) they believe to be compromised. Making correct prediction earns the user reputation, attributed to their ID. Utility of the reputational score will develop as the ecosystem expands.

User Defined Vaults (this is the exciting one!)

To launch a vault the user needs to pay an application fee in $iTG tokens. Once the application is approved, the user(s) running the vault will be required to stake $iTG tokens for the period the vault is in operation. The meritocratic reputation attributed to the users ID will affect the vault creation fees and charges, i.e. a better rating allows a lower fee to be paid.

Fee discounts

In future developments, iTrust token holders will be able to claim and purchase limited edition NFTs allowing the holder privileges, such as discount on fees charged by the DAO.

BOOMMM!

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 Community – https://t.me/iTrustCommunity
WebSite – itrust.finance
Twitter – https://twitter.com/itrustfinance?lang=en

We are pleased to announce our next AMA on June 23rd 2021 at 03:00 PM UTC Time: Satoshi Club x Tease fans

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

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

Part 3: 300$ – A quiz about Tease fans

For more details:
Tease fans Website – tease.fan
Tease fans Telegram – @tease_fans
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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

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

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

Part 3: 300$ – A quiz about ArtSmiley

For more details:
ArtSmiley Website – artsmiley.com
ArtSmiley Telegram – @artsmileynft
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on June 24th 2021 at 01:00 PM UTC Time: Satoshi Club x Etna

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

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

Part 3: 300$ – A quiz about Etna

For more details:
Etna Website – etna.network
Etna Telegram – @EtnaNetwork
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 Cashdog and our guest was @MrKawdy, @Chonkybob, @cryptogrogu69 – representatives of Cashdog. The AMA took place on 19th of June.

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 Cashdog! Welcome to Satoshi Club😀

D. | Satoshi Club:
👋

today our guests – @MrKawdy @Chonkybob @cryptogrogu69 !

What’s up!

Mr Kawdy (WILL NOT DM YOU FIRST):
Thanks for the warm welcome!

Wes (WILL NEVER DM YOU FOR MONEY):
Nice to be here 🙂

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

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

Wes (WILL NEVER DM YOU FOR MONEY):
Pretty good here! How about you guys?

D. | Satoshi Club:
Fantastic.

Mary | Satoshi Club:
We are fine as well 😊

So, let’s start our AMA 🚀

And we will start it with intro as usually 😀 please introduce yourself and of course Cashdog project!

D. | Satoshi Club:
This thing is aggressive 👀

Mary | Satoshi Club:
Really?😂 I thought it’s fun😂

Mr Kawdy (WILL NOT DM YOU FIRST):
Hey there, my name is Phil and I lead development activities at CashDog. I’ve helped start and also run a few successful projects as well – notably $CHONK, $LOOT, $EARN$, and $BDT

Wes (WILL NEVER DM YOU FOR MONEY):
Hi everyone – well my name is Wes, I’m the CEO of CashDog. I’ve been involved in Crypto for a few years now and stared my first project NFTLootBox.com last year. More recently we’ve been looking at launching other tokens too. We felt there was a market there for new tokens launched from a public and trusted team. To be honest I was fed up with seeing all the rug pulls anfd scams out there. So CashDog is one of the first ones. We wanted to have a token that also gave something back, so CashDog has a Charity element, where 3% of each trade is donated to Dog Charities. We made out first donation this week, ahead of schedule, to Holly Hedge.

Mary | Satoshi Club:
So, you have big experience in cryptospace, can you tell us how long are you here?😀

Mary | Satoshi Club:
Have you been involved in charity before?

Wes (WILL NEVER DM YOU FOR MONEY):
In crypto for years, but actually running projects for a year now. This is the first one to have a charity element.

Mr Kawdy (WILL NOT DM YOU FIRST):
I got involved with crypto casually as an investor around 2015 and started developing projects in 2020

Mary | Satoshi Club:
You started early 👍 sure, your knowledges will help a lot

D. | Satoshi Club:
You added charity element in your project because such activities are popular now in crypto?

Mary | Satoshi Club:
Never late to try

Wes (WILL NEVER DM YOU FOR MONEY):
We have some proof of our first donation by the way – The nice folks at Holly Hedge added to their website. Please check them out if you have time. They do great work https://hollyhedge.org.uk/2021/06/cashdog-donates-an-incredible-5000/

The charity part was just a way of giving back. I’m a huge dog lover. My dog Roxy was a rescue dog. I thought it would be nice to be able to doing something like this.

D. | Satoshi Club:
Nice 👍

Mary | Satoshi Club:
You payed them half of monthly vet bills, incredible!

Thank you, guys for your intro!

Wes (WILL NEVER DM YOU FOR MONEY):
They were super greatful. We’ll be doing more donations this month, and as we grow, so will the amount we can donate. Hopefully we can make a real difference. None of it is possible without our amazing community though!

Mary | Satoshi Club:
Awesome 👍

Are you ready for the questions from our community?😀

Wes (WILL NEVER DM YOU FOR MONEY):
Sure lets do it!

D. | Satoshi Club:
Lets go!

Q1 from Telegram user @NataliyaKil
The pre-sale started on June 6th, 2021 at 6:00 pm utc and ended in 25 seconds? Congratulations!!! What work has been done by the team and the community to achieve this result? Can you tell us about the details of the pre-sale preparation, how the event went and what are your next plans to promote CashDog?

D. | Satoshi Club:
Did you use some particular platform for presale or your own site?

Wes (WILL NEVER DM YOU FOR MONEY):
Of course – A lot of work went into in beforehand. We have an amazing marketing team that work so hard. But one thing that helped a lot was that people know us from other projects. They have seen our other projects and trust us. We are fully public and do regular videos. So that helps a lot! We did the sale on DXSale.

DXSale is great because you can automatically launch on pancakeswap and lock liquidity with them. CashDogs liquidity is locked until 2099 with DXSale

Mary | Satoshi Club:
How much did you collect? Why did you choose to do pre-sale?

D. | Satoshi Club:
So other of your projects are still running? do you have plans to use tokens from other crypto projects, where you took part, in this one?

Wes (WILL NEVER DM YOU FOR MONEY):
Plan for further promotions are being done by our amazing marketing team. We have 4 dedicated people that are always looking for new ways to promote, through twitter, youtube, insta, facebook.. etc

Mary | Satoshi Club:
And one more important thing – do you plan any more sales in the future?😀

Wes (WILL NEVER DM YOU FOR MONEY):
NFTLootBox and EARN$ are going stong! NFTLootbox has some amazing new features that are almost ready to depoly. We have been very luck to work with a dev team in the US that are amazing. So watch this space. Yes there will be future sales. But at the moment we are putting all our efforts into the exisiting projects!

The hope is to create a set of Tokens, an ecosystem is you like, that can work together and help each other. People can see the success of the current projects and have faith that the new ones will be equally successful

D. | Satoshi Club:
Gotcha.

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

Wes (WILL NEVER DM YOU FOR MONEY):
I think that in Crypto, one of the most important things is trust. And each day with our actions we hope to build on that trust.

Yes ready 🙂

Q2 from Telegram user @Highpee
After your presale on DxSale, you released an update on June 7 and one of the points you highlighted was that the team dev will renounce the contract after pancakeswap listing and that a public proof will be shared on your Telegram to confirm this when it is done. I scan your contract on bscscan but didn’t see any indication that the contract has been renounced. Also, I haven’t seen any announcement in your Telegram group to confirm this. Is already 10 days after you listed on pancakeswap. Is there a new change in plan? Will the team no longer renounce the contract? Do the team still intend to retain a level of control on the project or do you plan to make it a fully community driven project as well as introduce models that will ensure the community have a say in project development?

Wes (WILL NEVER DM YOU FOR MONEY):
Good spot! Yes we do plan to renounce the contract. It wasn’t deemed as urgent as it probably is with other projects as there is that level of trust. But it’s something that will be done soon.

Mary | Satoshi Club:
So, no one from the community still didn’t ask you about this?😀 It shows a big level of trust, isn’t it?

Wes (WILL NEVER DM YOU FOR MONEY):
They do trust us. Which is nice! But I think with BSC projects there is always some level of doubt! So that’s why we said we will renounce.

Mary | Satoshi Club:
How it will happen? Can you describe this process for those who doesn’t know?

Wes (WILL NEVER DM YOU FOR MONEY):
over to our lead Dev 🙂

Mr Kawdy (WILL NOT DM YOU FIRST):
Yep!

So essentially, we interact with the contract via bscscan and can execute a renounce ownership write on the contract.

Only the owner of the contract can do this – the deployer of cashdog (us).

Mary | Satoshi Club:
This action will result to…😀

Mr Kawdy (WILL NOT DM YOU FIRST):
Action results in renounced ownership or that we no longer own the contract and the burn address retains ownership.

Mary | Satoshi Club:
Thank you! I think this explanations are very important for those who are new to the crypto😀

D. | Satoshi Club:
There will be no owner of the contract? after this.

Mr Kawdy (WILL NOT DM YOU FIRST):
this doesn’t change anything on the user’s end but can increase trust as we can’t perform ownership functions that could be potentially be malicious. we would never do that though as we’re fully doxxed and public and are trustworthy

One of the reasons we have held off is due to excluding addresses as if we implement staking or are sending tokens to exchanges for CEX listings, it is ideal to have these excluded as our tokenomics work with a fee on each trade

as you can imagine, it’s better to have fees disabled for staking so the user gets back the full amount of tokens

Mary | Satoshi Club:
But if you will need to change something in the future in your contract will it be possible? some crytical mistakes or another changes?

Mr Kawdy (WILL NOT DM YOU FIRST):
Renouncing ownership wouldn’t cause any critical mistakes, but would prevent us from excluding addresses from the fee or changing the fee charged on each trade if deemed to be too high.

D. | Satoshi Club:
Thanks for great answer!

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

Mr Kawdy (WILL NOT DM YOU FIRST):
Of course, you’re welcome to dm me any further questions you have about it

Yes!

Mary | Satoshi Club:
Noted😀

D. | Satoshi Club:
Let’s talk about fees.

Q3 from Telegram user @lzamg
For every trade made with the Cashdog token there is a fee of 11%, which is divided into: 2% redistributed for all holders, 3% for donations to dog charities, 3% added to locked liquidity and 3% for running costs and promotion. Don’t you consider that 11% is too high for every trade? Won’t this discourage users from trading with the token? Isn’t it more convenient to, for example, set a percentage of the total supply for running costs and promotion instead of charging 3% of each trade for that?

Mr Kawdy (WILL NOT DM YOU FIRST):
Great question!

Wes (WILL NEVER DM YOU FOR MONEY):
I think the tokenomics are sound. Those kind of percentages are very common in BSC projects these days. Having funds to market the project is so important. There are great projects out there, but if they don’t have the funds to market, then no one ever hears about them. These fees, while they might seem high, help with the long term success of the project.

We have been able to book 21 Twitter guys to post about us this weekend. Without the % fees that just would not be possible. Then there are costs like CEX listings. All these things help with the long term success of the project

D. | Satoshi Club:
Any plans to change percentage of these fees if community vote for this? or you think you know better how set up the taxes?

Mary | Satoshi Club:
Ok, that’s nice for the beginning, but let’s imagine if bank charge us 10% fee😀 Or for example your marketcap will grow? Won’t it be too high?

Wes (WILL NEVER DM YOU FOR MONEY):
We are always listening to the community. If it’s something they feel strongly about we might be able to look at it. But you have to find a balance. Would people like a smaller % fee and less marketing? I’d say no. But we’re always listening

Mr Kawdy (WILL NOT DM YOU FIRST):
We’ve run projects without fees and have found that our budgets were much more limited in terms of marketing and development. These fees ensure that we are able to make the mass market aware of us and give us potential to surpass +$100M, +$1B market cap

Mary | Satoshi Club:
Sure, you will find that balance 😀

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

Wes (WILL NEVER DM YOU FOR MONEY):
Let’s do it!

Q4 from Telegram user @kimterbear
The CashDog team introduced themselves as The LOOT Degen Club. The problem of numerous rugpulls have give birth to the said team. The team are mainly from NFTLootBox which is the reason why CashDog is partnered with NFTLootBox. Why did the team from another token migrated into CashDog? Or are they like sister company and operates under and managed by the same team? How will this partnership help the community built by CashDog? Being partnered with a Non Fungible Token (NFT) Coin, do this make NFT possible for CashDog?

Wes (WILL NEVER DM YOU FOR MONEY):
Good question!

NFTLoot was my first project and is still going strong. The development team is completely seperate though, allowing us to work on both projects at the same time. So there was no migration as such, rather two seperate projects with the same leadership – if that makes sense. It helps CashDog in many ways. Firstly there are a lot of investors from Loot that have bought and are holding Cashdog. There is always room for the projects to work together. We can pull on the experience from the Loot Dev team to work on CashDog NFTs and staking if needed.

Being part of a overall larger combined community helps both projects in my opinion

Mary | Satoshi Club:
When you plan to launch Cashdog NFTs?

Wes (WILL NEVER DM YOU FOR MONEY):
Haha that is something we’ve talked about. It’s important to have a use case for them, not just NFTs for the sake of it. But we’re confident we can come up with a solution. I can see in the furture having CashDog NFTs for the CashDog community, but some of those NFTs being available to win in NFTLootBox. Just one way we can help to boost both projects

Mary | Satoshi Club:
Yes, that is true 😀

Wes (WILL NEVER DM YOU FOR MONEY):
One idea, but for the future.. would be a NFT to help individual dogs. So you could virtually adopt a Dog by buying the NFT. The money raised for the NFT would be donated to the charity that is caring for the dog. Just one idea we’ve been talking about

D. | Satoshi Club:
This is actually a very cool idea.

Wes (WILL NEVER DM YOU FOR MONEY):
Thanks!

Mary | Satoshi Club:
I like this! I like animals, but now i can’t adopt them! 🤩

Wes (WILL NEVER DM YOU FOR MONEY):
🙂

Mary | Satoshi Club:
Thank you for your answers! Do you want to add something or we can go to the next question?

Wes (WILL NEVER DM YOU FOR MONEY):
All good from me. Let do the next 🙂

Q5 from Telegram user @Rakshitx5
You have written on your website that all donations are public but how we will know that donations are being used for dog charity? Are you gonna provide pictures of that?

Wes (WILL NEVER DM YOU FOR MONEY):
We have been asking that the charity makes it public so we can prove to our users. The very first one kindly agreed and you can see it here https://hollyhedge.org.uk/2021/06/cashdog-donates-an-incredible-5000/

Other donation may be crypto, in which case we can provide transaction ID etc.

Mary | Satoshi Club:
Got it, i think it’s enough for the beginning 😀 in the future you can hire accountant for this😉

And only one 6th question left from this part 😀

Ready, guys?

Mr Kawdy (WILL NOT DM YOU FIRST):
Fire away!

Wes (WILL NEVER DM YOU FOR MONEY):
Sure!

Mr Kawdy (WILL NOT DM YOU FIRST):
👍👍👍

Q6 from Telegram user @yellowchamp
I see in your August Roadmap ,you will have your First Celebrity Endorsement. So,as we know advertising is so costly especially when using a celebrity to endorse so do you really consider funding for this great advertisement as we know CashDog is still new in the market? Where will you get funds to sustain the needs of funding for this First Celebrity Endorsement in your platform? Can you tell us,who will be the celebrity you will consider for this First endorsement of your platform? Did you already negotiate with this celebrity since August is fast approaching? How will be the deal in between the celebrity endorser and your platform with regards to this first Celebrity Endorsement in your platform? What do you think will be the impact that it brings to your platform in using celebrity in your first endorsement? Thank you

D. | Satoshi Club:
By the way, i see there is no straight donation in crypto on this site, i noted only donation in fiat through credit card. so how you donating in crypto to them?

Wes (WILL NEVER DM YOU FOR MONEY):
I did the donation from my card 🙂 – we may have to do a lot like that as most Dog Charities are not set up for direct Crypto payements

Mary | Satoshi Club:
You should ask them to adopt crypto and crypto will adopt dogs instead of it😂

D. | Satoshi Club:
Yeah, I’m actually a big charity fan too, for me would be cool if donation in crypto is available everywhere. it more convenient.

Wes (WILL NEVER DM YOU FOR MONEY):
The funds for Endorsements will come from the marketing budget, if needed. But we’ve been reaching out to multiple celebs via their social medias, we are hoping we can get someone without having to pay them! If they are interested in helping dogs they hopefully wont need paying! As a backup plan we’re taking to the guys at https://biz.cameo.com/ but it’s a back up plan. We really want someone who is actually interested in helping. As we grow and get more exporsure, getting the endorsement should be easier

Mary | Satoshi Club:
Yes, cameo is cool, hope this also will work😀

Wes (WILL NEVER DM YOU FOR MONEY):
It’s actually something we hope will help us grow. As we make larger and larger donations, we should get more publicity for CashDog, which will increase the MC and volume. This in turn means we get more money for larger donations. We are hoping for a snowball effect in this regard.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @vedamatrix
When I try to buy your tokens on pancake it gives slippage error event I set is to 10%. So how much slippage should I set for your project?

Mr Kawdy (WILL NOT DM YOU FIRST):
You should set your slippage to at least 12-13% – that ensures a smooth transaction.

Q2 from Telegram user @slla1112
We are always ready to participate in charity projects for stray dogs. Just do as he says, let’s be sure. How will we know that a donation has actually been made? How can we help CASHDOG as a community?

Wes (WILL NEVER DM YOU FOR MONEY):
All our donations will be public. You can see the first one in the answers above. You can help by buying some cashdog and joining our beautiful community! t.me/cashdogchat

Q3 from Telegram user @ask2lance
Token burning is a strategy followed by cryptocurrency projects to influence the price of a token, or coin, in the market. This is done by permanently removing some tokens from circulation. Do you plan on any token burn on your project?

Wes (WILL NEVER DM YOU FOR MONEY):
We actually do Buy Backs and burns from time to time. If you join our room you can see the transaction proof of the burns. Over 60% of the supply is aleady burned forever 🙂

Q4 from Telegram user @cryptoamee
Bear market will not be easy for a new project to survive. We have seen so many projects failed to survive in the bear market, Have you thought about this? What are the plans on surviving on bear market?

Mr Kawdy (WILL NOT DM YOU FIRST):
Of course. Anyone running a crypto project needs to be attuned to the macro market conditions. I personally believe a bear market hasn’t been confirmed yet, we’re in a crab market that typically ranges day to day. If there were a bear market, we would keep hard at work building and adding utility to the project. The more utility, the better. The fees would also help us continue to fund the project even through a multi-year bear market. Remember, the projects that survived a multi-year bear market kept building + adding utility and we plan to do the same.

Q5 from Telegram user @Jonahapagu
On your roadmap there is a plan to launch Merchandise by July which is next month, so what are the details of this merchandise, what kinds of goods and services will your merchandise be and how will you go on to implement this idea of merchandising in CashDog…

Wes (WILL NEVER DM YOU FOR MONEY):
We are using a 3rd Party to create TShirts, Mugs, Keyrings, etc. all with the CashDog Logo. All money from Merchandise will go directly to Charity. More info coming soon!

Q6 from Telegram user @Smartling
Can you outline some of the actions the ream has taken so far to build trust among users in the ecosystem?

Wes (WILL NEVER DM YOU FOR MONEY):
Trust comes from actions not words. People can see how we run our other projects. NFTLootbox is a great example. It’s been running for around 9 months now. Everything we said we would do we did. Liquidity locked, contracts audited, deadlines met. Talk is cheap, but it’s best to just people on their actions and past performance. I think when people do their research on us they will be more than happy 🙂

Q7 from Telegram user @Asela1112
Can anyone access to donation funds & liquidity pool? If yes how does it affect on security of those funds?

Mr Kawdy (WILL NOT DM YOU FIRST):
Only the team (more specifically @Chonkybob and I) can access the donation funds. As for the liquidity pool, it is locked on pancakeswap until 2099. Anyone can add liquidity to the pool and earn a proportional percentage of fees that liquidity providers earn from each trade (.17%). Adding liquidity helps the project as it provides more BNB for the liquidity pool which in term allows for less volatile prices (sells have less impact). In terms of security, our tight restrictions ensure that the charity funds are safe from potential malicious actors.

Q8 from Telegram user @Ambbobb
Can you provide us all the neccessary links in your project?

Wes (WILL NEVER DM YOU FOR MONEY):
Please check out the website cashdog.io – all links are there. Telegram, Twitter, Youtube, Reddit, Insta, Facebook, etc. 🙂

Q9 from Telegram user @jackson5aaa
What is your plan about globalization? Do you have local Communities for those users who don’t understand English well?

Wes (WILL NEVER DM YOU FOR MONEY):
We have multiple international telegram rooms and we are adding new ones all the time. We have Spanish, German, Chinese, etc.. but we are always looking to expand further. Maybe someone here could help with future international rooms? :). Do get in touch!

Q10 from Telegram user @cheriemike
How can we donate in support of your project?

Wes (WILL NEVER DM YOU FOR MONEY):
The easiest way is to buy the coin! You are donating by just buying. Hopefully, you can make some money at the same time. So win-win!

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Cashdog. 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
Cashdog Telegram community: https://t.me/cashdogchat
Twitter: https://twitter.com/CashDogOfficial
Website: https://cashdog.io/