AMA Satoshi Club x AnRkey, June 26th

We are pleased to announce our next AMA on June 26th 2021 at 03:00 PM UTC Time: Satoshi Club x AnRkey

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

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

Part 3: 300$ – A quiz about AnRkey

For more details:
AnRkey Website – anrkeyx.io
AnRkey Telegram – @anrkeyxofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

AMA Satoshi Club x ITrustFinance, June 20th

We are pleased to announce our next AMA on June 20th 2021 at 01:00 PM UTC Time: Satoshi Club x ITrustFinance

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

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

Part 3: 300$ – A quiz about ITrustFinance

For more details:
ITrustFinance Website – itrust.finance
ITrustFinance Telegram – @iTrustCommunity
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Donutcat x Satoshi Club AMA Recap from 17th of June

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 Donutcat and our guests were @SilvioNK @OzzyEzzy and @i_staywoke. The AMA took place on 17 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

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

D. | Satoshi Club: today our guests – @SilvioNK @OzzyEzzy @i_staywoke !

Silvio: Hello! Its a pleasure to be here! 🙂

D. | Satoshi Club: hi! welcome to Satoshi Club😃

F O: Hi everyone, glad to be here 🙂

Mary | Satoshi Club: Welcome here, guys! How’s going?

Pay Jay: Hey Satoshi Club, glad to be here as well!

Mary | Satoshi Club: And we are happy to see you here today 😊

F O: We’re doing great, feeling positive despite the volatile market 🙂

Mary | Satoshi Club: Super! Soooo… Let’s start 🚀

Could you please introduce yourself and tell us more about Donutcat 😉

Silvio: Gladly!

My name is Silvio, im the founder of DonutCat, a community driven token running on BSC 🐱🍩

Mary | Satoshi Club: Happy to e-meet you! How long are you in crypto?

Silvio: The first time i heard about bitcoin was in 2013, but i really started to get into crypto in 2017.

F O: I’m Oz, CIO of DCAT. I’ve known Silvio for a while and he invited me to be part of this great team

D. | Satoshi Club: ahh 2017 that year…

Mary | Satoshi Club: Oooh, that was nice year😉 almost like 2021

Pay Jay: Hey I’m Jay, the Chief Marketing Officer at DCAT. I basically help strategize our promotion and merchandising efforts.

Mary | Satoshi Club: It’s great to have such friends 🍩

Yes, i see you’re doing awesome job!

D. | Satoshi Club: so tell us why did you put cat into donut? 😁 are you love donuts and cats that how name of project was born?

Silvio: Well i lived with cats most of my life and while thinking of the name, this idea suddenly popped up in my mind. 😄

Mary | Satoshi Club: Do your cats like donuts?😊

Silvio: Haha i never let them try donuts to be honest. 😄

F O: but they can definitely try some $DCAT

and that’s what our token is all about actually ! Or to be more precise, that’s where we want to take it

Mary | Satoshi Club: Yes, you definitely should try😉 what about you team, btw? How big is it? Is it public or not?

Pay Jay: Yes, our goal was to basically have a fun and catchy token that people could get behind in a community—then ultimately we’d be able to give back to cats in need

Silvio: Well i leaked some of my infos (like my profilepic) in the presale days to show this is a real project in this scammy world.

My team is anonymous, since its up to them to be public or not and we are about 8 people. 😄

Mary | Satoshi Club: Got it😉 actually we will have a question about this topic later, so we will ask you more later!

Thank you for your intro! Ready to start with the questions from our community?🥳

F O: We are ready !

Silvio: Yes😄

D. | Satoshi Club: let’s gooooooo

Q1 from Telegram user @Highpee

You describe $DCAT as a community token that will evolve through integrated marketing and when I scan through some of the chats in your Telegram, I saw that most of your efforts are geared towards raising awareness and exposure for $DCAT without much attention given to developing real use cases. Since in one of those conversations, you agreed that without developing real use cases for $DCAT, people may be scared to enter, don’t you think that dedicating a special marketing wallet and embarking on market publicity without a focus on real utility is not enough to keep investors for long? What exactly are the use cases and utility that you plan to create for $DCAT? Which product will you create for $DCAT that will naturally drive its growth as users interact daily with such products?

F O: I’ll answer this question.

Silvio: Alright.

Mary | Satoshi Club: Sure! Take your time 😀

F O: Well when we first started, we did not have a clear utility. We started as a meme-coin, with potential uses cases. As the project grew, and since we are a community-driven token, we have discussed the alternatives that we had in mind with our investors and have recently reached a consensus.

D. | Satoshi Club: what was the initial distribution model of token? you had a presale?

F O: As a start, we are going to introduce DonutCat merchanidse (facemasks, tee-shirts, mugs, all with our logo). This will first of all give us more exposure. But most importantly, it will allow us to our donation program. more than 50% of the profits from our merch will go to animal shelters and rescues.

Second, we plan to develop an NFT charity marketplace. People can purchase our NFTs  and 80% of the purchases will be forwarded to animal shelters and rescues

Silvio: Yes we started of with a 200bnb hardcap presale, which was sold out within 2 days. Then we launched on Pancakeswap very soon after.

Mary | Satoshi Club: Was it long time ago?

D. | Satoshi Club: so you think is fair to sell memecoin? 😁 memecoin means that project is not serious, right?

F O: It was about 12-13 days ago

Mary | Satoshi Club: You’re very young

F O: Well not necessarily but clearly most memecoins start out of a “joke”, and some of them become serious projects. We are definitely serious about what we are doing 😜

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

F O: Absolutely! And that’s what investors need to always remember. We are only 11 days old, good projects take time

Pay Jay: To that point, we now have an active fundraising campaign with The Humane Society where we’re collecting donations to go directly to cats in rescue shelters in the name of DCAT!  If you want to support, please follow the link here: https://tiltify.com/@dcatforcats/donutcats-for-disadvantaged-cats

Mary | Satoshi Club: Nice approach 😽

D. | Satoshi Club: awesome! im very like that you support charity  👍

appreciate for answers guys! ready for the next question? 😉

Pay Jay: Yes, that is one of the main goals of our token is to give back to cats in need!

F O: yes we are

Q2 from Telegram user   @Jonahapagu

From your Tokenomics I noticed that 2% of every transaction will be redistributed to all holders, 2% will be burned forever, and 2% of each transaction will be used for marketing fee.. this in total means that for every transaction you charge about 6% of the transacted amount… Why do you have to charge this much for every transaction.. will this not discourage users from transacting using $DCAT. Considering the fact that the less the transactions the less the funds generated for marketing, how do you intend to incentivize your users and ensure transactions are constantly carried out using DCAT to ensure steady supply of market funds..

F O: We don’t beleive our 6% transaction fee discourages investors, quite the opposite actually. Compared to other bep20 coins, our transaction fee is one of the lowest I have to say! Most coins charge between 9% and 13%. The 2% that goes into marketing has been serving us well so far. We have been able to continuously promote the token!

For those that buy, they get to keep more of their tokens than most of other coins, all while knowing that they are generating revenue for marketing

Silvio: Yeah we are in a pretty usual area regarding the transactionfee on defi tokens. 🐱

D. | Satoshi Club: we met a lot of projects recently in our club with the similar token distribution model, the metric a bit different of course and depends on the project’s vision. but what is the story behind your distribution model? was it inspired of some other project?

Mary | Satoshi Club:  This has sense😀 but let’s imagine that a lot of coins with less transaction fee appeared on the market😀 will you change yours? Will your fee always be dependent on this factor?

Silvio: I will answer this.

Well since its a community Token aswell we rennounced the ownership so we cant just change the fees. Anyway i think we did a great job regarding the tokenomics and would stick to it either way!

F O: It wasn’t necessarily insipred from a sepcific project. We have watched several projects fail because of lack of funds for marketing. We wanted to first differentiate ourselves by having a lower transaction fee, but most importantly, we wanted to make sure that we always have enough funds to promote $DCAT.

D. | Satoshi Club: gotcha 👍

@madamlobster want to add something or we can go to the next question? 👀

Mary | Satoshi Club: Everything is clear for me 😀

D. | Satoshi Club: super

ready for the next question guys?

Silvio: Yes!

F O: Yes !

Q3 from Telegram user @belkysgonzalez

You explain on your website that we can’t be sure that Donutcat isn’t scam, but that you are doing your best to prove that this is a legit project. So what have you done until know to earn the trust of your community? Have you performed an audit on your contract? Is the liquidity locked? And I couldn’t find information about the Donutcat team, so are you an anonymous team for now? Is this permanent or will you be sharing that information at some point?

F O: I can answer this

D. | Satoshi Club: we already got answer about team 😉

F O: What we meant when we said you can’t be sure it isn’t a scam, it’s because no matter what you do, you can never convince people that the project is legit. We have seen doxxed teams that rugpull, we have witnessed it all. Whatever you do, the investors will ask for more, and we understand that, given the amounts they invest. What we have done so far, we have locked the LP, we have also locked a 5% marketing wallet (since we have a small marketing wallet from the 2% marketing fee). Our contract is audited by techrate, and you can find it on github https://github.com/TechRate/Smart-Contract-Audits/blob/main/Donut%20Cat%20%20Full%20Smart%20Contract%20Security%20Audit.pdf

The team will remain anonymous for now, but we have no objection to doxx ourselves as the project grows

D. | Satoshi Club: well said 👏👏

Silvio: Agreed!

🐱🍩

Mary | Satoshi Club: How many holders do you currently have😀

D. | Satoshi Club: btw do you planning to work only on BSC or looking into implementation other chains as well?

F O: we have slightly less than 2000 holders now, but we aim big and we’re certain that the number of holders will grow at a fast pace

Mary | Satoshi Club: Super👍

Silvio: Currently we have no intentions to work on other chains, but its surely an option to discuss in the future!

Mary | Satoshi Club: Awesome 😀

D. | Satoshi Club: got it, polygon would be nice too, very cheap if we talk about fees  👌

F O: we are definitely open to expand ! As we said it’s a community token, so if that’s what the community wants, we will consider it

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

F O: sure !

Q4 from Telegram user   @Asela1112

In your Roadmap Q4, I saw upcoming event about NFTs. Adoption of NFTs in most platforms are touted to be the new frontier in the high-growth crypto investment space. How will Donutcat NFTs looks like? Have you any idea to mint these NFTs to user walets? Some NFTs can create unique offspring from breeding such as CRYPTO KITTIES. Can Donutcat NFTs breed too? Can we trade these NFTs on other platforms also in future? In other hand average NFT has a carbon footprint of around 211 kg of CO2 equivalent. How do you overcome these environmental challenges?

Silvio: Our Intention is to create NFTs together with catshelters around the World. We mint pictures & videos of the cats living in such shelter and sell it on our platform. The earnings from those NFTs will go to the shelters who we gonna work with. It is a like very personal way of donating.

Good suggestion about the carbon footprint, we can work against that by using part of the donations for environment charitys like planting trees depending on the amount of minted NFTs. What you think @OzzyEzzy ? 🐱😄

D. | Satoshi Club: will you release any of your NFTs by launch of Binance NFT marketplace? can we see them there?

F O: It’s definitely on the table! With the growth of binance charity, we can study how we can make the combination of binance nft marketplace and binance charity work to achieve our aims!

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

F O: Absolutely !

Q5 from Telegram user @kimterbear

DonutCat will be having an online store soon which intrigued me. E commerce is very trendy nowadays and many people are into this due to its convenient way to purchase goods. What specific goods will be for sale here? Will these be DonutCat merchandise? What will be the primary currency payments that will be accepted here? Is it the native token only or can it be fiats and other crypto currencies as well? In terms of operating, how will the online store operate? What delivery or shipping options will the buyers have?

Silvio: @OzzyEzzy i think you can give a good answer on that or should i?🐱

Pay Jay: I’ll take the first part and @OzzyEzzy will take the latter

So you’re absolutely right that e-commerce is a great way to push ideas and also make a great profit, if the online store is set up right. Our DCAT good will start out with very popular items like t-shirts, mugs, and facemasks and then we’ll offer more goods like cat toys and tags, also things like tote bags and mouse pads. All of these things will be branded with original DCAT designs that our in-house graphic artist will continuously create in response to what our community wants to buy and show off to their friends. By the way, have you seen our memes and GIFs? They’re super cute!

F O: In the beginning we will accept fiat currency. Shortly after, we will start accepting $DCAT as well as most cryptos. We will first start by integrating a shopify-based online store in our website. We will be able to deliver our products to most countries, including the USA and European nations, but not just that. We have a number of suppliers all over the world that we are currently studying. The goal is to make sure that our merchandise can reach every possible location! If our buyers are on the Moon, we will bring that merch to the moon !!

Mary | Satoshi Club: Yes, but you can show them to our users😀

You should partner with Elon and deliver to the Mars😉

Pay Jay: sure! just a few

F O:

Well we sure did not partner with Elon, but we have just announced a great partnership with HotDoge. Speaking of which, I’d like to share this with everyone

D. | Satoshi Club: nice!

Mary | Satoshi Club: Cool giveaway 👏

F O: We do have that on the table too, but to be honest, it’s for the long term. We have many things on table now, and we can only process some ideas. We can’t go after every good idea at the moment, we absolutely thought about building our own DEX. We will update our investors and potential ones once the time is right

Better start holding $DCAT then for a chance to win the jackpot !! 😁😁😁😁

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

F O: yes!

Q6 from Telegram user   @victorogb

In keeping up with the integrated marketing plans of the project, DonutCat recently partnered with LORETTA BRANDON, a celebrity crypto influencer, trader and enthusaist. DonutCat hopes that such partnerships would help to promote the fun and pleasurable features of the DonutCat project to a new and wider crypto community. With emphasis on the peculiarity of this recent partnership, can you provide details about it, why did DonutCat decide to partner with an influencer, should we expect more of such “influencer like” partnerships in the future, and asides the partnership fee, how can the community be directly involved with promotions and awareness?

F O: btw, all of our sticker were based on ideas from our community !

I’ll answer this too since I brought Loretta on board

most small projects like ours focus on promoting their tokens on tg “crypto groups” and alike. We decided to take a slightly different approach. there are 2 types of potential investors, those who have been investing in crypto, and those who heard about it, but still not sure about joining the crypto world (because they lack the knowledge)

While we focus on both types, we believe that the second one can bring great value to our project. If we can convince someone who never bought a token, to buy $DCAT as his/her first token, we will grow exponentially

Mary | Satoshi Club: Do you already have such stories?

F O: this is why, the first step in our marketing roadmap, is to create exposure, get people to know what DCAT is. We are currently working on very simple documents explaining what a meme token is, how to buy on Pancakeswap, how to sell, what is slippage, all related to DonutCat. These influencers will bring that exposure that we need, and we will keep on working on such collaborations .

With regards to DCAT? Absolutely, the whole team has brought in family members and friends into the project. We convinced them that DCAT should be their first token. They did not invest big amounts, but they will once they gain more confidence in the project. I don’t even want to talk about the hours I spent on the phone explaining to a friend how to buy DCAT on PancakeSwap 😂

Mary | Satoshi Club: This will be great 👍

Ahaha, got it! You bring new users to crypto 👏

D. | Satoshi Club: by the way, what about slippage? do people need to know something about this if they want to buy your token?

F O: Slippage is basically the difference between the expected price of a trade and the price at which the trade is executed. Meaning, if price moves more or less than a specific percentage, the transaction fails. Usually, buying DCAT works with around 7% slippage, if not, just increase the slippage gradually (you should be able to buy/sell at around 11% for sure)

D. | Satoshi Club: got it! good to know this 👌 thanks for clarification

Mary | Satoshi Club: And live part is almost here 😃

Part 2 — live questions from the Telegram community

Q1  from telegram username @atillayeni

You are saying DonutCat is a community driven token but you allocated tokens for the team so how is it community driven?

 Silvio: Well this is the difference between community driven and community owned.

Since we are a community driven token, the team is working on the project but trys to involve the community in most decisions!

Q2  from telegram username captainprince111

Hello  @OzzyEzzy @i_staywoke

Do you think the donutcat platform has any weaknesses? Do you believe that your community,donutcat your team, that believes in you are strong and can overcome any problem?

F O: Hi Captain Price, Each project has some weaknesses I will not lie. There are a few marketing promos that we did in the beginning that did not meet our expectations. We are now better able at managing our marketing wallet for sure ! The community definitely still believes in us, that is why we still have most of our long term holders (despite the few hits we had lately). We have a great team that is working 24/7 (we alternate). We have already been in contact with CoinTiger and Hotbit to list our token. These plans are hapenning in the next few days, and we’re sure they’ll give our price a massive push 1

Q3  from telegram username @Kushal85127939

From where can i purchase the merchandise of DonutCat for me? Is there any plan to sell Cat merchandise also for my Cat?

F O: Our merch will be soon available on our website donutcat.org ! We are definitely going to have merch for cats too, we already have an idea of a nice donut shaped pillow !! 😁😁

Q4  from telegram username @potentialsake

Why did you choose to audit your smart contract with techrate and audited by techrate do you plan to make audit with another company?

Silvio: Techrate is very well used audit platform. They got a pretty good reputation which is what needed at the start. Longterm another audit from a second platform is planned as well yes!

Q5 from telegram username @Asela1112

Hello🙋‍♂️

@SilvioNK @OzzyEzzy @i_staywoke

your smart Contract has been already audit. Can you tell us more details about the audit? Can anyone access to the locked liquidity pool on pancakeswap? When will ownership be renounced ?

F O: Hi Asela, all details about our contract audit are available on Techrate’s github, https://github.com/TechRate/Smart-Contract-Audits/blob/main/Donut%20Cat%20%20Full%20Smart%20Contract%20Security%20Audit.pdf

We have no control over the locked liquidity pool, and ownership has been renounced right after launch

Q6  from telegram username @theshow46

Many CryptoCurrency are not solving any Real Problem, they just exist to sell their tokes. What Problems exactly is  your solving and solutions are u provide??

Pay Jay: Great question! Because DCAT was inspired by the actual pet cats in our lives and the joy they bring us all, we want to address the problem of feline euthanization.  We are fundraising so that we can donate to cat shelters in the U.S., U.K., and Europe so that cats who can’t find a home can still be kept alive throughout their natural lives. We ultimately want to change the way people donate to animal charities by facilitating cryptocurrency as a legitimate means of donation.

Q7  from telegram username @Kabirkapoor9

Hello @SilvioNK @OzzyEzzy @i_staywoke

What are your plans to list DonutCat on various popular exch in 2021? Please share is there any ongoing talks with any CEX executive?

F O: $DCAT will be listed on CoinTiger and Hotbit. We have been approached by them and we have agreed on the terms. We will start with CoinTiger (end of this month), and then move to hotbit (in early-mid July)

Q8  from telegram username @sweetdoge

I see there is a giveaway partnership right now with Dotdoge how can I join that giveaway can you share the details?

Silvio:

We partnered with hotdoge and created a type of giveaway rewarding new holders. Everything is explained on this Flyer! 🐱🍩

Q9  from telegram username @highpee

Hello $DCAT 🐭

You announced a new partnership with #H0tDoge, another BSC project. H0tDoge has their own native swap and a tracker to monitor holding reward. Do you plan to introduce similar features on DonutCat? Also, I can also see that this partnership will come with a giveaway in $DCAT, $H0TDOGE and $BUSD. How can we participate in it and for how long will this last?

F O: Hi Johnny, We forgot to mention that part of our team worked on big projects including HOTDOGE in the past (You can join our tg group to learn more https://t.me/DonutCatBSC). We do plan to introduce our own swap as well. This will help with the donations especially, as we plan to accept donations in DCAT in the future. the partnership will extend to marketing efforts as well. In order to participate, join our tg and hotdoge’s, hold enough $DCAT and $HOTDOGE. Check our tg group for more details !!

Q10  from telegram username @AsifuddoulaNoyon

Is there any reward giving system ❓❓❓

Silvio: The 2% redistribution rewards holders with each transaction!

You actually only have to buy DCAT and hold. 🍩🐱

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/

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

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

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/DonutCatBSC          

Twitter: https://twitter.com/cat_bsc

AMA Satoshi Club x ATTA, June 21st

We are pleased to announce our next AMA on June 21st 2021 at 03:00 PM UTC Time: Satoshi Club x ATTA

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

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

Part 3: 300$ – A quiz about ATTA

For more details:
ATTA Website – atta.zone
ATTA Telegram – @attaofficialeng1
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Dopex.io x Satoshi Club AMA Recap from 16th of June

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 Dopex.io and our guest was @tztokchad and @witherblock – representatives of Dopex.io. The AMA took place on 16th 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

Gold Rocket | Satoshi Club:
Hello, dear Satoshi Club community! We are pleased to announce AMA with Dopex.

Paul Mont | Satoshi Club:
Today’s guests are @tztokchad @witherblock! Welcome! 😁

tz:
Hey, glad to be here.

witherblock:
Hello!

Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, @tztokchad @witherblock!😊

Paul Mont | Satoshi Club:
It’s a great pleasure to have you here at Satoshi Club 😁

How’s your day going? 🙂

tz:
Thank you, likewise

It’s going good, been looking forward to the AMA today.

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

Paul Mont | Satoshi Club:
I feel I can speak for the whole Satoshi Community when I write that we’re all eager to know more about Dopex 🔥

Gold Rocket | Satoshi Club:
Yes! Let’s start!
Introduce yourself please. How did you get to be involved in crypto & Dopex? Tell us please about your position in Dopex?

tz:
That’s awesome, we’re here to help you learn more about the project

Dopex*

Gold Rocket | Satoshi Club:
Dopex. By the way, what does that mean?

tz:
I’m the founder of dopex and have been building it over a few iterations internally for a couple of years originally. I’ve been in the crypto space since late 2016 as a dev and investor. I did get exposure to bitcoin initially in 2012 though

Gold Rocket | Satoshi Club:
😉Tell us about the history of Dopex

tz:
Dopex is an acronym for Decentralized Options Exchange

witherblock:
I’m witherblock: the lead dev at Dopex. Got involved in crypto a couple of years back thanks to @tztokchad and then Dopex again thanks to @tztokchad.

Gold Rocket | Satoshi Club:
This is a very original concept.👍

What is the essence of Dopex?

Paul Mont | Satoshi Club:
So you guys knew each other well before joining forces for the Dopex project. Did you know each other in real life as well?

tz:
I started building it a couple of years ago and it’s gone through 3 iterations until now. The current one internally is technically a v3. V1 would have been more comparable to opyn, while v2 to hegic. V3 was a product of learning the drawbacks of the previous models and building a solution that attempts to nullify those issues and most importantly create a fair pricing model which’s technically a complex problem that doesnt have a one size fits all solution even in the tradfi world

Gold Rocket | Satoshi Club:
This is a hard-won and beloved child 😉

tz:
@witherblock came on board for v3 and has been doing the bulk of the development and we have been figuring out the architecture together to deliver a platform that accounts for fair pricing, fast transactions, minimized losses for liquidity providers via our rebate token mechanism, composability and a few other features that you could read up in our docs @ https://docs.dopex.io

Gold Rocket | Satoshi Club:
What plans do you have for the future? And what can we expect from Dopex?

witherblock:
Yeah, sort of.

tz:
Yes, there’s been a lot of thought that’s gone into it – not just with the team, but with our early investors and delegates as well, such as tetranode, defigod, orthogonal trading etc

You could see the full list on our page @ https://dopex.io

Paul Mont | Satoshi Club:
It’s quite apparent you’ve tried to holistically build a unique platform, also drawing on some of the most renowned protocols in the crypto space.

At the same time, trying to build something that’s one-of-a-kind in its concept/vision.

Gold Rocket | Satoshi Club:
Also we would like to know about your team. Who is on the project team core?

tz:
It aims to solve all the drawbacks with options protocols and get a significant chunk of the flow deribit and tradeparadigm have at the moment. They do over 80% of all crypto options volume and have found product market fit. Our goal is to build a platform that allows option liquidity providers to minimize their losses in weeks of high volatility and purchasers to get the best deal possible. All in a game theoretical manner powered by our token incentives

Yes, that’s true. We wouldn’t spend such a large amount of time iterating on it if that werent the case.

Paul Mont | Satoshi Club:
Brilliant, thank you very much for the thorough introduction 🔥

tz:
In the core dev team, we have 5 developers,

witherblock
psytama
gg
cryptoguru and
me

We are all full stack devs with considerable experience in solidity

We are always looking for good developers however and if you’re interested, please dm me on twitter @tztokchad. We pay well.

Paul Mont | Satoshi Club:
This is a great opportunity Satoshi Club 🔥

Gold Rocket | Satoshi Club:
Satoshi Clubbers! do not miss the opportunity to be realized in a good project🚀

Is your team anonymous? If so, do you ever plan to go public?

tz:
Alongside the devs we also are partners with DCV, DefiChadVentures who are a group with experienced and respected members within the defi community for help and technical advice

We are anonymous and dont have plans to go public considering derivatives are a tricky topic with regulations

witherblock:
We also have.

ohic
polymmo

For our beautiful designs and

mariodigital_io
xenes1s
0x_bella
CorporealFeast
liquideshun

For our community!

Gold Rocket | Satoshi Club:
Thanks for the answer. Another small question from me personally 😁

What event influenced the project the most?

Yes, I also wanted to notice the designer’s work was done at the highest level 👍

Paul Mont | Satoshi Club:
I concur, I also truly enjoyed the website concept 👏👏

tz:
Actually trading on deribit and being frustrated with liquidity, margin requirements, kyc and the platform being down at times of high volatility. And after that it would be the current option dex ecosystem not being liquid enough yet. I think there’s space for more than one platform right now, but that might change quickly in the future if one does find product market fit

👆 Thats a reply to this question

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

Gotcha 😀

tz:
Sure.

witherblock:
Fire away.

Q1 from Telegram user @Johana0012
The Dopex token sale is June 21st. Interested participants will deposit ETH into the token sale contract at any time during a 3-day period and will receive DPX in return. How can I minimize my risks using the Dopex protocol? How can I earn Dopex? How many tokens do you currently have available in your protocol? What is the double model that Dopex presents? What is the function of each of the tokens?

Paul Mont | Satoshi Club:
A question that actually tackles many fronts 🙂

tz:
Dopex has a unique 2 token model. We have a governance token, DPX and a rebate token, rDPX. The rebate token is issued after weekly/monthly “epochs” in option pools, only if pool liquidity providers end the epoch with a net loss. They are issued at a % of the loss, this rebate % is determined by governance – which means that you would need dpx to vote on changes on this. DPX would have a total supply of 500k while rDPX doesnt have supply cap, however initially rDPX would most likely be more scarce than DPX until the platform is live

Is that clear or do we need to elaborate further?

Gold Rocket | Satoshi Club:
By the way, can you please share with us the Dopex tokenomics?

It seems to me that this is enough, because the next question continues this topic.

witherblock:
It’s a bit difficult to explain here in one reply so I’ll leave the detailed page explaining everything about the tokenomics – https://docs.dopex.io/tokenomics

Paul Mont | Satoshi Club:
So rDPX is distributed after users have incurred a loss. What are the starting issuing percentages?

tz:
Initially, its 30%. But that would be updated based on how it performs in prod, using governance votes if necessary

Gold Rocket | Satoshi Club:
Thanks for sharing ☺️

Paul Mont | Satoshi Club:
Also at which time intervals/epochs do these distributions occur?

Are the epochs also a governance topic on which DPX holders can cast their vote on?

witherblock:
We have weekly and monthly pools at the moment so the distributions occur at the end of every week for the weekly pools and at the end of every month in the monthly pools.

tz:
Initially no, they will be weekly and monthly. Over time, we will introduce quarterly pools and possibly yearly. That would require governance votes to allocate dpx incentives to liquidity providers.

Paul Mont | Satoshi Club:
Thank you very much for the clear answers guys, I’m pretty sure @Johana0012 will be satisfied by your replies 😉

Paul Mont | Satoshi Club:
Let’s hop onto the next question, shall we?

tz:
Sure.

Q2 from Telegram User @andrey_seleznov
Hi Dopex!
As partially explained in the previous question I would like to enquire more about Dopex’s dual token model. I read that Dopex plans to use DPX as the limited supply governance token that accrues fees and revenue from pools, vaults and wrappers. And rDPX as the rebate token for options writers that can be used to mint synthetic assets such as indices, stocks etc. Why did you decide to go with a more complex dual token model? What benefits does it bring compared to a single token model used by some exchanges? Thank you!

tz:
We always wanted to have rebates for liquidity providers considering the tail risk with writing options. One week in a year could technically wipe a large % of gains for writers, a 30% rebate could result in over a 50% increase in pnl based on the last backtests that we had done.

So initially dpx was going to be the rebate token as well, however we decided to change it based on advice from defigod and tetranode considering nobody would want to hold an asset without a supply cap and use it for governance at the same time considering it would lead to long term scalability issues and unpredictability at a protocol level

With the 2 token model we were able to separate both the functions and simplify our governance and fee collection into one token, while having the other for purely rebates, synth and margin collateral, liquidity mining and more features in the future

Paul Mont | Satoshi Club:
The pros of a strategic decision like this one is palpable. It just feels right, your explanation is a logical and brilliant one. Thank you very much 👍

Gold Rocket | Satoshi Club:
it really makes sense

tz:
Thank you.

Gold Rocket | Satoshi Club:
Can we proceed. Or you want to add something?

tz:
We can proceed.

Q3 from Telegram user @JonahApagu
Dopex is said to be implementing an innovative and state-of-the-art option pricing model that replicates volatility smiles. And of the benefits of this model is that users get to minimize their losses and maximize gains.. so how does this option pricing model work, what features does it have. How is this model of yours a fair pricing model… and how is this different or unique from the pricing models used in traditional Options platforms.

tz:
We have a plug and play pricing model that can change per pool. Initially we had decided to go with a closed form formula that would utillize only rv. Eventually, based on advice from orthogonal trading, we switched to a delegate model – where dopex has 5 delegates quoting on multipliers for each option pricing model to come up with a fair price. The delegates are initially 5 trading firms that do billions of dollars in options volume every quarter. They are incentivized to quote fair pricing every second since it would increase TVL in dopex which consequently results in a better dpx price and larger liquidity allowing them to use dopex option pools in the long run as their main source of liquidity.

Initially we would use the SVI model to replicate volatility surfaces for btc and eth using deribit’s option chain as a baseline. However for defi blue chips and other highly liquid alts with no option chain at the moment we would use other formulas that would result in fair pricing – it will be trial and error initially, however liquidity providers would be incentivized with dpx to ensure they make a good return

Gold Rocket | Satoshi Club:
Sufficiently comprehensive answer! Thank you so much!

tz:
Our goal is always to enable retail to add safe liquidity while offering pros that liquidity to arb, create positions etc.

No problem

Paul Mont | Satoshi Club:
Yes, it seems a win-win solution, that works in the direction of fair pricing, with positive spill-overs for all stakeholders involved.

Thanks again, questions number 4 incoming 🙂 Ready?

tz:
Yes.

Q4 from Telegram user @pixma00
Underwriters of Dopex group options are regularly exposed to the risk of accumulated losses during periods of extreme volatility. To subvert this risk, what protection strategy is Dopex applying so that its investors are not so affected by market volatility? What is the refund mechanism? How are option writers compensated? What is the strategy applied to generate passive income to generate options issues?

Paul Mont | Satoshi Club:
This has been partially answered earlier when we touched upon the dual token model, but maybe you can add more details to address with even more depth @pixma00’s question 🙂

tz:
We have covered this in the previous answers, but it would be the rebate token being issued at a % of losses after every epoch. The rebate % would vary based on risk factors for each pool. This % would also be updatable via governance, leaving a need for larger stake holders to always keep their dpx for this purpose.

The strategy for passive income is simply locking your base/quote assets in a dopex option pool initially. It auto rolls over your assets at the end of an epoch to the next one allowing liquidity providers to never need to manually adjust positions unless required

witherblock:
Also to add to this option writers receive DPX emissions every epoch.

This is part of the 30% (of the total supply of DPX) allocated to platform rewards

Paul Mont | Satoshi Club:
So there are rebates (rDPX) and rewards. What about Call and Action rewards? Could you please spend a word to describe the difference between the two?

tz:
Yes, all liquidity providers receive this as an incentive at the end of every epoch. I didn’t mention this in the original post

Call rewards are static rewards distributed to users (bots) who call certain functions on our contracts.

Action rewards are distributed as liquidity incentives for liquidity providers/option writers

Paul Mont | Satoshi Club:
Thank you very much, I felt it was significant to make the distinction. Great answers!

Gold Rocket | Satoshi Club:
great answers! Thank you😊

tz:
No problem.

Paul Mont | Satoshi Club:
Next question’s topic is about Dopex’s architecture.

Q5 from Telegram User @victorogb
The Dopex protocol makes use of a combination of several existing protocols within it’s architecture. The notable ones are those of the Uniswap, Chainlink and UMA protocols. These protocols are deployed to serve specific purposes within the Dopex architecture. Consequently, why would Dopex choose to combine these different protocols, what are the specific functions of the listed protocol types within the Dopex architecture, and how does a combination of the different protocol models affect the general operations and function of it’s options pool?

witherblock:
We use uniswap to roll over premiums collected from option purchases and re-add liquidity into the option pools.

Chainlink is used for pricing oracles as we need futures pricing for an asset to accurately calculate the option price for it.

UMA is used to generate synths from rDPX.

Our platform is designed to be interoperable with other protocols in order for future extensibility and an innovative roadmap we have ahead of us.

Paul Mont | Satoshi Club:
After the June 21st sale event, what is coming next in your roadmap? What would you deem the most important event to come for Dopex in this 2021?

tz:
The roadmap post public sale is

  • liquidity mining/farming
  • private L2 testnet
  • public L2 testnet
  • mainnet l2 launch

Thats our immediate roadmap post sale. Apart from that we have quite a few app layer additions in mind on top of the base protocol which would be built in-house and by community members incentivized by bounties. So if you’re a freelance dev looking to contribute and get paid, join us on discord @ https://discord.gg/dopex to keep up to date with them.

Some of the future roadmap includes:

  • Liquidity pools, allowing users to sell option tokens at any time into pooled liquidity
  • Protected stablecoins with curve metapools
  • Quarterly options
  • Leveraged options trading with usd and cross collateral
  • Synthetic Futures positions with leverage
  • Synthetic assets
  • Volatility arbitrage vaults

I’m personally excited about perpetually protected stablecoins using dopex put options with curve metapools for liquidity considering it could add 9+ figures in tvl to dopex while offering a product thats definitely needed in the space. Of course, LPs would be incentivised with rewards as usual

Paul Mont | Satoshi Club:
Great, great! Thank you very much!

Now, this is the last question for this very first part of the AMA, then we’re heading into the LIVE part of the session 🔥

Gold Rocket | Satoshi Club:
We understand your delight 😉

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

tz:
No problem.

Q6 from Telegram User @Einsteinyl
I understand that Dopex Essentials Series will guide people through everything we need to know to begin trading options on Dopex. But my question is there are 2 option “Call Option” And second is “Put Option”, could you introduce to us what are these option and how do they work inside your platform?

tz:
@witherblock is answering that question, meanwhile, make sure you follow us on Twitter for updates:

@tztokchad
@witherblock

Paul Mont | Satoshi Club:
Satoshi Clubbers, please follow to stay in the know about anything Dopex 😉

witherblock:
To put it in simple words, a call option is when you are betting for the asset where in you will make money if the asset goes higher in price as compared to the strike price you bought at. A put option is the opposite where in you bet against the asset and make money if the assets price drops under the strike price you bought at.

On Dopex you can write either options by depositing into the respective pools. For eg; Writing ETH call options you would deposit the ETH into the pool as collateral and writing ETH put options you would deposit USDT into the pool as collateral.

Gold Rocket | Satoshi Club:
✅ Done

Paul Mont | Satoshi Club:
These are terms that come from traditional finance, again some lingo that’s been passed onto crypto and DeFi as well 🙂

Thank you very much guys!

You’ve been outstanding so far! 😉

It has been a great time and now we must proceed to interact with our dear users into the live segment.

witherblock:
To add to this, this article should help a ton https://blog.dopex.io/dopex-essentials-calls-and-puts-cc0abc58dd36

tz:
Thank you!!!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Ratash97
What kind of Discount options DOPEX offer ?

witherblock:
We offer all options at a discount of 5% (this can be changed in the future by governance) if the options are bought using the volume pool. The volume pool is a simple pool where users can deposit USDT which then can be used to purchase options at a discounted rate. This pool is used to incentivise purchasing.

Q2 from Telegram user @bestQ420
Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?

tz:
Our long term goal is to build TVL and our share of options volume over the coming years with the combination of phased rollouts and having our delegates slowly route their flow from centralized exchanges and otc to dopex.

If you feel confident in us, you could always aim to keep a % portion of dpx tokens. If we’re launching at a $50m circulating market cap and you believe based on our delivery that we would capture a larger share of the options market and cross a $1b cap, you could aim for 0.1% of the dpx total supply for example always and LP that portion while diversifying the yield away if you cross your 0.1% target.

This would give you a 20x return on your initial investment if we do cross a 1b cap while you also collect yield.

Q3 from Telegram user @Sumione
Why you have choosen for an ETH blockchain which has very high fees? is there any plan to launch on BSC so that I can join I prefer low fees.

witherblock:
Our core options protocol will launch on L2 Arbitrum and hence fees will remain extremely low!

Q4 from Telegram user @Eminet001
STAKING is a really great STRATEGY for getting more investors and users.
CAN USERS STAKE your token.??

tz:
Yes we will have staking and liquidity mining rewards starting from the 24th of June – 6pm gmt, 72 hours after the public sale has begun. Users will receive DPX and rDPX with boosted rewards in the first 4 weeks.

Q5 from Telegram user @Ishan1_7
You stated that your project was private; could you please explain briefly to the community why you do not intend to make it public?

tz:
The project isn’t private, it’s public. Our github repositories are however not public yet and will be open sourced prior to mainnet launch.

Q6 from Telegram user @nadee5
Most interesting feature I found in DOPEX is “OPTION SWAPPING” ,..

Can you please simply explain,
How does DOPEX OPTION SWAPPING work ?
are there specific requirements to use this feature ?

tz:
Option swapping is a unique feature to dopex and allows users with in the money (profitable) options to swap their options to a different set of strikes/expiries in a single transaction.

This benefits users since in deribit or other protocol it requires multiple steps and you would lose money in each step because of the bid/ask spread

Q7 from Telegram user @highpee
Will it be right to say that liquidity providers/option writers on Dopex are entitled to both Rebate reward and call reward? And for the call reward given to bot, I don’t seem to understand what you refer to as bots. What are bots and why do they deserve reward?

tz:
Smart contracts in essence cannot pull data to itself and requires an account to push data to it by calling functions. This ideally would require a bot/script to do it and we incentivize them with a reward for their effort.

Q8 from Telegram user @mctrho
Dopex has numerous protocols that are carried out through smart contracts, therefore I would like to know about the security that these contracts have. Have you carried out security audits of smart contracts and reveal serious vulnerabilities in accordance with the best practices of the smart contract industry?

witherblock:
We worked through several iterations of security checks and refactoring to ensure our code remains vulnerability free and as efficient as possible.

We have gone through 2 official security audits performed by 2 established audit firms. These audit reports will be made public soon.
The firms are:
https://solidity.finance/
https://solidified.io/

Q9 from Telegram user @NataliyaKil
The Dopex Token Public Sale will start on the 21st of June! Total of 75,000 DPX (15% of total supply) will be available in exchange for ETH via the deposit contract. The sale will end on June 24, 2021. So, what time does the Dopex Public Sale start and how can we take part in it, where can we find the deposit agreement you mentioned? Why did you choose ETH to buy DPX, and not some other currency? What are the restrictions for participation in the Public Sale: minimum and maximum for a purchase? And there are conditions under which the public sale of the model will end ahead of schedule?

tz:
The sale will start on 6pm gmt, the deposit agreement can be found ont https://dopex.io/sale

We chose eth since its the base currency for all defi and allows us to be more flexible with treasury management, setting up liquidity mining etc.

Restrictions are: you cannot be from the US or the OFAC sanctioned countries list.

The public sale has no limits but a headstart for whitelisted OGs from the dopex discord with a $5k limit.

The sale will end after 72 hours regardless of hitting the sale cap

Q10 from Telegram user @potentialsake
Why rDPX don’t have any supply cap and have infinite supply Won’t that cause inflation?

tz:
Because technically it depends on variables that are impossible to predict beforehand, however we add deflationary mechanisms during fee collection as well as ways to use and lock rdpx to give it intrinsic value.

Also this gives dpx stakeholders a massive incentive in terms of adjusting the rebate % in each pool to ensure supply is always in check while giving distributed rdpx an immediate use case as collateral or to LP and receive incentive rewards

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Dopex.io. 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
Dopex.io Telegram community: https://t.me/dopexofficial
Twitter: http://twitter.com/dopex_io
Website: https://www.dopex.io

AMA Satoshi Club x RARA, July 2nd

We are pleased to announce our next AMA on July 2nd 2021 at 04:00 PM UTC Time: Satoshi Club x RARA

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

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

Part 3: 300$ – A quiz about RARA

For more details:
RARA Telegram – RARA_Global
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

AMA Satoshi Club x Catoshi, June 18th

We are pleased to announce our next AMA on June 18th 2021 at 02:00 PM UTC Time: Satoshi Club x Catoshi

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

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

Part 3: 300$ – A quiz about Catoshi

For more details:
Catoshi Website – catoshi.cat
Catoshi Telegram – @originalcatoshi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

SafeHeaven x Satoshi CLUB AMA Session 15 Jun 2021

PART 1. Introduction of Safehaven project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about the project which says, that $Haven token is the digital gold of the Binance Smart Chain ecosystem.

Safehaven is a community-driven DeFi project built on Binance Smart Chain. All $Haven token holders receive BNB rewards based on their percentage of holdings, making it a great source of passive income.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Gold Rocket | Satoshi Club – @GoldRocket27

Andrés M. | Satoshi Club – @AndresM77

The Representative of the project:

Ryder SafeHaven – @SafeHavenDev – co-founder of SafeHaven.finance 

SafeHaven Marketing – @SafeHaven_Marketing – co-founder

Introduction of Safehaven project.

Gold rocket | satoshi club:

Hello, dear community! We are pleased to announce ama with Safehaven. Today our guests are @Safehavendev @Safehaven_marketing!

Ryder Safehaven:

Hello everyone!

Andrés m. | satoshi club:

Hello, dear community! Excited to be here with great guests👏

Ryder Safehaven:

I am excited to be here in one of the best (if not the best) crypto communities!

Gold rocket | satoshi club:

Hello and welcome to satoshi club, @Safehavendev @Safehaven_marketing!

Andrés m. | satoshi club:

Thank you so much for your kind words.😃

Safehaven marketing:

Hi everyone! We are delighted to be here, thank you for having us.

Gold rocket | satoshi club:

Thank you very much for these kind words! We hope that our club will become your home😁 thanks for joining! 😊

Ryder Safehaven:

Yes, looking forward to that!

Gold rocket | satoshi club:

Let’s start!

Introduce yourself, please. How did you get to be involved in crypto & Safehaven?

Tell us please about your position in Safehaven?

Andrés m. | satoshi club:

The best community only can bring the best projects, that’s why is a pleasure to have you here!

Ryder Safehaven:

I have been in crypto since 2016, I saw the high potential of decentralization and trustless technology.

Unfortunately, after the 2017 bubble, I left crypto for a while and dedicated myself to my old job as a financial advisor in a trading company.

I was then fascinated and shocked at the same time when Uniswap first came out, the YFI and well then Sushiswap, and yeah rest is history!

I am co-founder of Safehaven.finance which is a new not yet launched defi protocol that will provide investors different sources of passive income regardless of market condition and its, sometimes devastating, volatility!

Gold rocket | satoshi club:

Sounds great 👍 it’s a good experience 😊

What plans do you have for the future? And what can we expect from Safehaven?

Ryder Safehaven:

Haven token has been deployed on the main net and verified; we have contacted several auditor companies that will audit haven token before the sale is live in order to ensure investors code is safe!

Gold rocket | satoshi club:

Also, we would like to know about your team. Who is on the project team core?

Andrés m. | satoshi club:

Wow, that’s a big aim, mostly traders are exposed to volatility! What event led you to come up with that idea?

Ryder Safehaven:

In the meantime, we will proceed with many marketing campaigns, amas, promotional giveaways and more event to bring awareness to the masses.

Once $haven token is established team will focus on bringing new products and services that will generate different income streams!

These funds are gonna be used to fuel the BNB reward pool and pay for marketing, development, and partnership expenses!

Safehaven marketing:

In addition to the great skills and experience @Safehavendev brings to the table, I have 15 years of marketing and pr experience too working with some of the most well-known global brands. I co-founded haven because I am fanatical about cryptocurrency and its benefits to users and I am driven by my passion to introduce crypto to new people! We believe the tokenomics of haven provides this in the perfect package.

Gold rocket | satoshi club:

Why did you name the project like that? What meaning are you putting into it?

Safehaven marketing:

In short, our token is intended to be a Safehaven for investors. One with robust tokenomics that addresses the underlying weaknesses we’ve observed with other cryptocurrencies that creates price volatility or unsustainable BNB reward pools for instance

Ryder Safehaven:

The core team is made by three individuals:

@Safehavendev CEO

@Safehaven_marketing marketing manager

@Safehavenmod exchange and partnership agent/community manager

Andrés m. | satoshi club:

Great strategy, the community is the pillar of each project👏

Gold rocket | satoshi club:

Is your team anonymous?

Ryder Safehaven:

We have partnered and KYCed with bsc.news and plan to KYC also with rug detective

However, doxxing is in our plans!

Gold rocket | satoshi club:

Thank you very much for your answer! It really plays a role in user trust.👍

Ryder Safehaven:

Yes! We believe investors safety is a top priority that’s why we have KYCed immediately after the launch of the website! Bsc.news holds our real names and ids photos.

Andrés m. | satoshi club:

What about your logo? What does it mean?

Ryder Safehaven:

We think simply and linear is best!

We have designed out token logo so that is easily recognizable and not so easy to forget!

Also the more you look at it the more you like it and it really reminded us about safety and transparency!

Andrés m. | satoshi club:

I like it, to keep things simple and easy to remind 😃

Gold rocket | satoshi club:

The designer did a great job!👏 thanks for the introduction, we will have a question selected for part 1. Ready to start?

Ryder Safehaven:

Can’t wait!

Preselected questions about the Safehaven DeFi project.

Andrés m. | satoshi club:

Q1 from telegram user @nszr1

I read that $ haven holders will have passive income in the form of BNB, which comes from a reward fund financed by the 16% transaction tax on all purchases / sales and transfers, i understand that this is a measure to discourage the short operations of $ haven, however currently the community is looking for more and more projects where precisely the transaction fees are lower. What would you say to those users who have doubts about this system in order to increase the community’s trust in this project, how $heaven despite having this 16% fee will be able to make its users earn money consistently besides of BNB’s passive income?

Ryder Safehaven:

This is a very well thought question! Thank you @nzsr1

Safehaven marketing:

So $haven has been designed for long-term holding, rather than have holders earning money from fluctuations in the market. We think this is bad for stability, so we wanted to discourage that practice, and our transaction tax rewards such holders with BNB in the process.

Ryder Safehaven:

$haven token was designed to reward its holders.

We choose transaction tax to 16% to make it very hard for bots and daily traders to profit, and even if they do overall the holder will be rewarded.

Aside from BNB $haven holder will earn 1% share as reflected $haven in every transaction proportionally to his holdings, the burn address will hold 51% of supply at launch meaning 0.5%+ of every transaction will be sent to the dead wallet.

$haven has also a 1% fee of every transaction going directly to the burn address!

All these mechanics will allow $haven to be exponentially scarce theoretically making its price organically grow over time!

Gold rocket | satoshi club:

This is a very good solution.

Andrés m. | satoshi club:

A win-win solution I think

Ryder Safehaven:

Finally, we understand investors doubts about the 16% fee in an entire ecosystem.

That’s why Safehaven.defi will develop a second token that will allow for governance, playing games, using launchpad, and many many more products to come!

Andrés m. | satoshi club:

That’s sounds great👏, what’s the way to earn #haven tokens?

Ryder Safehaven:

Nice question!

So every time you make a transaction 9% is used to buy BNB and put in the BNB reward pool (token address balance) every 72 hours investors will be able to claim their BNB on the dapp(will be released after launch) or directly via bscscan using write contract function claimBNB!

Your claim will be proportional to the %  of the total supply you hold!

Example:

100 BNB in the pool

You hold 1%

You can claim 1 BNB.

If your claim is higher than 0.5 BNB you are taxed 10%:

Half is used to buy back haven and burn it

Half goes to marketing and development treasury

And this is just one of the anti-whale functions there are in place in order to ensure BNB pool is kept safe and can keep growing!

Andrés m. | satoshi club:

Amazing, a great reason to invest👏

Gold rocket | satoshi club:

Thank you very much for the detailed answers.

Ryder Safehaven:

Thanks for the great question!

Andrés m. | satoshi club:

Time to proceed with the next question!

Q2 from telegram user @meml97

It caught my attention that while looking for information about the project i saw that Safehaven has a “zero-balance punishment”, could you explain this punishment to us a bit more? How does it work? What do users need to do in order to receive this kind of punishment? Also, is it a revocable punishment?

Ryder Safehaven:

Well, we got investors that actually look at the docs, that’s rare and great!

Safehaven marketing:

Thanks for your question i can answer this, if you sell all of your haven tokens ie if you have a 0 balance left in your wallet after a trade, that wallet address will be excluded from the BNB pool for 50 years. If you wish to be eligible for BNB rewards again, it would be necessary to transfer haven to another wallet address if it had reduced to 0 previously.

Ryder Safehaven:

So yeah, basically if you sell all your holdings and then buy back, you will have to wait 50 years.

Andrés m. | satoshi club:

😬 that’s a real punishment haha

Gold rocket | satoshi club:

This is how you want to incentivize users. Well! This makes common sense! Thank you very much for your answers! Ready for the next question?

Ryder Safehaven:

This can be avoided by:

1) don’t ever dump all your $haven (even a very small portion is good not to be punished)

2)if you do buy from another wallet address

3)if you ignore 1) and 2) then you can still get your reward.

Send your $haven to another wallet and you will be able to claim in 72 hours!

Remember you will still get the 16% transaction fee!

Andrés m. | satoshi club:

A great reason to hodl💪

Q3 from telegram user @lzamg

Safehaven is at the very early stages of development right now and your main product is the $haven token, but you mention on your roadmap for q4 2021 that other products and services with real life use applications will be integrated. Can you please tell us more about these products? What are these applications you talk about? Do these future plans include staking, farming, cross-chain, nfts, etc?

Ryder Safehaven:

Yes!

Andrés m. | satoshi club:

We love sneak peeks😁

Ryder Safehaven:

So as mentioned earlier $haven is just the first product that Safehaven.finance will deliver.

We plan to implement many more products that will generate different income streams!

Aside from staking, farming, cross-chain, nfts the team will work to implement also real-life income streams!

Here is a list of products that we are seriously considering.

Eco-mining. We plan to establish sustainable mining facilities that will use renewable energy. Most of the income generated will be used to fuel BNB reward pool

Lending and borrowing. The platform that allows users to borrow and lend in a decentralized manner

Farming platform. Stable and sustainable farming platform that allows investors to have realizable long term gains

Nft marketplace. All users will be able to list their own art and make bids and offers.

Launchpad. Vet, audit, and launch projects-

Go cross-chain. Allow $haven and other safe haven tokens to be bridged in other blockchains

Shop and branding, we are gonna have a platform that sells Safehaven merch

These are actually just some of the products we have in mind!

Gold rocket | satoshi club:

You have great plans!🚀 which product are you particularly proud of? 😉

Andrés m. | satoshi club:

A big ecosystem is coming

Ryder Safehaven:

That is the plan! Personally, i think $haven has the potential and features to compete with top 100 projects! I know that the next big market is gonna be NFTs especiallyNFTS with a specific value or use case!

And that is exactly what we are gonna focus on!

Andrés m. | satoshi club:

Don’t forget to share coming releases with our community!

Gold rocket | satoshi club:

Do you want to share this in more detail? 😊

Ryder Safehaven:

We definitely will and for sure we should schedule another ama after $haven launch on pancake! To be honest i think we shared already a lot of ideas. We need to be careful as competition is always watching…

Andrés m. | satoshi club:

That’s a deal 🤝, thank you so much for considering us. And thanks for your great and detailed answers. Ready to go with the next question?

Ryder Safehaven:

Let’s go!

Andrés m. | satoshi club:

Q4 from telegram user @einsteinyl

I check on your tokenomics that Safehaven has 1% redistributed to the loyal holders, but it’s not mentioned what must user do to become a loyal holders. Can you explain more detail, do you mean all holder possible to become loyal holder? What requirement to become loyal holder and when is the time for distributed 1% to loyal holder?

Ryder Safehaven:

Right, we just wanted to emphasize that $haven is about holding.

Basically, as long as you hold $haven in your wallet you considered a loyal holder!

Just hold $have and get 1% of each trade in your wallet proportionally to your % of the total supply.

Example:

I buy 100 $haven:

1 $haven is used to reward holders.

Erik owns 1% of the total supply.

Erik will receive 1% off 1 hence 0.01

Andrés m. | satoshi club:

Is there a minimum amount of tokens needed?

Ryder Safehaven:

Nope is based on the % you hold!

Example:

I buy 100 $haven:

1 $haven is used to reward holders.

Erik owns 1% of the total supply.

Erik will receive 1% off 1 hence 0.01

Gold rocket | satoshi club:

It’s very generous😁time to ask about tokenomics😁

Tell us please about your tokenomics btw.

Ryder Safehaven:

Token name: haven token

Token symbol: haven

Total supply: 21,000,000 $haven (just like bitcoin!)

Unicrypt initial liquidity offering: 6,000,000 $haven

Burned on day of unicrypt launch: 10,850,000 $haven

Listing allocation: 3,600,000 $haven

Team share: 330,000 $haven

Marketing and development wallet: 220,000 $haven

10.85 million $haven will be burned on the day of launch to the dead wallet. 51.6% of the BNB pool will be unclaimable, enhancing the sustainability of the haven BNB reward system.

16% transaction tax. This is allocated in the following proportions: 9% BNB reward pool, 5% liquidity pool, 1% reflection, 1% burned.

1.6% of the total supply split to the 3 members of the Safehaven team.

1% of the total supply to marketing & development fund, to ensure the continued and sustainable growth of $haven.

Andrés m. | satoshi club:

A strong gem 😃

Gold rocket | satoshi club:

Thanks for sharing 😊

Ryder Safehaven:

So, we have already mention the zero-balance and the tax if the claim is higher than 1 BNB there is another special feature to protect the BNB reward pool.

Gold rocket | satoshi club:

What feature?

Ryder Safehaven:

So basically, every time you top up your total $haven balance of more than 10% your claim date gets pushed proportionally to the % you topped up your balance with.

Example.

I have just bought 100 $haven and my claim date is in 72 hours

Now I decide to buy 20 more $haven as I think is a very good project ☺️

My claim date will be postponed by 20% so 72/100*20=14.4

I will be able to buy in 86.4 hours!

In order to avoid this simply don’t buy more than 10% of your balance!

Gold rocket | satoshi club:

This is a truly original solution👍

Andrés m. | satoshi club:

The 5th question is knocking the door😃

Gold rocket | satoshi club:

Thank you very much for your answers and clarifications.😊

Andrés m. | satoshi club:

We should recognize the amazing and original features of safehaven, great job👏

Q5 from telegram user @cheriemike

While going through your project, i noticed that Safehaven does not have any use case, knowing that use case adds value to projects and its attracts investors to invest in a project.my question is since you don’t have any use case, what product and services is Safehaven providing? Is there any guarantee for the long run? In the next 2-4years, why should investors continue investing in Safehaven?

Andrés m. | satoshi club:

Partially covered😃

Ryder Safehaven:

Yes, was gonna say exactly that. And also. I think saying it has no use case is pretty much not true

The main use case of $haven is getting passive income every 72 hours forever. These alone can compete with the top 50  crypto projects.

Gold rocket | satoshi club:

You have every chance to do it! 👍

Andrés m. | satoshi club:

I completely agree with you. Thank you very much for the clarification Ryder

Gold rocket | satoshi club:

And now I suggest proceeding to the next question🚀

Ryder Safehaven:

But of course, this is not enough for Safehaven we will focus on creating an ecosystem that adds multiple use cases to $haven (and all other Safehaven tokens) and allow for the project to have conscious funds flowing in the project in order to mainly achieve three goals:

1) fuel BNB reward pool (literally sending BNB to the token contract address manually)

2) pay for marketing and development expenses

3) allow space for partnerships and emergency occasions

Andrés m. | satoshi club:

Q6 from telegram user @andrey_seleznov

Hi Safehaven!

Safehaven offers rewards in BNB for holding $haven tokens. If i understand correctly you spend a 9% transaction fee to purchase BNB for the reward pool. Since you will constantly sell $haven to buy BNB this will create a constant selling pressure that should negatively affect the $haven price. Why did you decide to give rewards in BNB instead of your native token? Could you please also tell us what you plan to do to alleviate this selling pressure and support price of the $haven token? Thank you!

Ryder Safehaven:

Well thought question, thank you @andrey_seleznov. We decided to go this route as these protocols that award native tokens are mainly pumped and dump projects as people that earn from reflection will eventually sell their reflected tokens anyway and probably, they will do that at the top destroying price movement and momentum.

BNB reward pool is way more sustainable in the long term and allows the investor to have a pretty much stable reward in the long term.

This will actually ensure price movement is organic and that investors are ensured a reward no matter where the price goes anyway!

Gold rocket | satoshi club:

This is a great explanation! Thank you so much!

Andrés m. | satoshi club:

Well, that’s 6/6 for this first part of the ama. Thank you @Safehavendev it was amazing to learn a lot of new an original thing with you.

Ryder Safehaven:

Thank you! It has been great answering your questions!

Andrés m. | satoshi club:

Now is time to interact with our community😁. We will open the chat and our members will post their questions.

Gold rocket | satoshi club:

Now we ask you to share all the useful links with our community before the opening chat.

Ryder Safehaven:

Sure!

Can’t wait for that

Introduction to Haven V2

Welcome to Safehaven💎

Safehaven protocol is designed to reward holders with BNB regardless of price fluctuations.

 #safetokenomics

—————————————————-

Total supply: 21,000,000 $haven

Safeburn: 10,850,000 $haven

Initial liquidity offering: 6,000,000 $haven

Liquidity locked: 3,600,000 $haven

Marketing: 220,000 $haven

Safehaven team: 330,000 $haven

—————————————————-

Ilo price:  1 BNB= 2000 $haven

Pancake:  1BNB = 1800 $haven

Ilo date: tbc

—————————————————-

On each transaction (buy, sell and send)

There is a 16% transaction:

  1. 9% $BNB redistribution
  2. 5% liquidity acquisition
  3. 1% redistributed to holders
  4. 1% burned automatically

—————————————————-

Website: ☀️

http://Safehaven.finance

—————————————————-

Telegram: 🌟

https://t.me/Safehavendefi

—————————————————-

Twitter: 💥

—————————————————-

Docs: 📝

http://docs.Safehaven.finance

—————————————————-

Contract: 📈

https://bscscan.com/address/0x51cc64be1d35315ac654a630e9f6e6f7ca822368#code

—————————————————-

Gold rocket | satoshi club:

Get ready for the most impressive part of our ama! It will be incredible🚀

PART 2.Questions about the SafeHeaven 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 SafeHeaven 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 @Chinthaka93

You are going to burn 10.85 million tokens on the launching date, Is it from the 21million total supply? Or after the burn, there will be a total supply of 21 million? If it is from the existing 21 million, it is almost 50%. Why have you planned 50% token burn?

Ryder SafeHaven:

Hello @Chinthaka93 thanks for your question !
We have decided to burn 51% prior to launch so that more than 50% of the BNB reward pool will never be claimable.
This is allows for an organic and safe reward pool since the start !
Moreover in order to build up the BNB pool the first week after launch claims will not happen to do The BNB pool can reach already a nice BNB amount.
Moreover as mentioned before burn address will be a holder and together with the 1% burn fee will make $HAVEN the true deflationary token.

Q – 2 from a telegram user @slla1112

Why should I choose $HAVEN over other tokens when there are many new DeFi tokens? 

Ryder SafeHaven:

Hello @slla1112 ,
Unlike many other competitors we will provide a clear and transparent communication with the community, also we have a planned marketing strategy and lots of very famous crypto company are gonna talk about and back safehaven ecosystem.
Not to mention the #SafeTokenomics, the BNB rewards and many real and crypto life use cases, products, and services

Q – 3 from a telegram user @h1drX

According to your website SafeHaven adopts a system called anti-whale, can you briefly explain to us what is the purpose of this system and what benefits does it bring to the project? Like the automatic liquidity generation protocol, what does this protocol consist of?

Ryder SafeHaven:

The antiwhale features are in placed mainly to protect investors from bots and whales selling their tokens all at once .
There is infact a max transaction which is .5% of the total supply!
Which sets Max transaction at 105,000 HAVEN
The auto liquidity generating protocol allows 5% of every trade to fuel liquidity pool on pancakeswap !
Boosting the liquidity and decreasing price volatility.

Q – 4 from a telegram user @andrey_seleznov

Safehaven website explains that every 72 hours all holders are entitled to claim their share of the BNB reward pool. This pool is funded by a 9% tax on buys, sells and wallet transfers. Could you please explain why you decided to leave claiming or the BNB reward to the user instead of a reflexive redistribution that became quite popular lately? Doesn’t this approach potentially decrease the profit for the users who claimed the reward later when the pool was partially depleted? Thank you?

Ryder SafeHaven:

We have decided to go with this route as we are sure that these newly launched protocols that automatically assign BNB to holders are exposed to exploits(look at maoi), are way more volatile and overall less sustainable over time.
That being said we have already discussed this internally with the team and a more speculative with higher riskier higher reward protocol can be made once the whole safehaven ecosystem is established.

Q – 5 from a telegram user @feranno

You mentioned that you tested your DAPP on SafeHaven Twitter account. Can you give information about this test phase?

Ryder SafeHaven:

We deployed a general token on main net and linked it to our dapp, we were able to claim successfully the BNB and the timer is showing correctly

Q – 6 from a telegram user @Eisen_7

Nearly All Project on the BSC struggle right now. Why do you think your Project will make it anyway & why you chose the Smart-Chain?

Ryder SafeHaven:

As mentioned before we believe the future in crypto are cross chain protocols.
So basically we are living in a time of constant changes and development !
That’s why one of safehaven’s main goal is to establish safehaven protocol in many different chains!
With that being said BSC is now really the best option in the market, it is fast, the cheap pancake has a lot of volume and liquidity and yeah we really are where we should be right now.

Q – 7 from a telegram user @Shaa93

Eco-Mining is one of those products that Safehaven is seriously considering, isn’t it? How will Eco-Mining work? And what is the purpose of Eco-Mining?

Ryder SafeHaven:

We will use development funds to buy renewable energy facilities and use that energy to mine Bitcoin, eth, litecoin etc etc
Profits will be only reinvested in the project and redistributed to holder via BNB rewards

Q – 8 from a telegram user @Rosane1a88

The tokenomics of $Haven are designed for token holders tl receive BNB rewards based on their percentage of holding.is there a minimal % required to start earning in BNB, or a maximum % that one person can hold or can be remunerated for?

Ryder SafeHaven:

There is no minimum required simply.
Even if you hold 0.00001% you will be able to claim 0.00001

Q – 9 from a telegram user @surendra040

How good are your team and your projects ? are you a professional team cause a good project always has a good team?

SafeHaven Marketing:

Great question, well myself and the other 2 founders of SafeHaven come from diverse backgrounds, ranging from cryptocurrency development, to finance & marketing. We each bring our own unique skillset to the team. Myself personally, I now have 15 years experience strategically managing marketing for global brands, I have worked in PR, and I’ve also been shortlisted for Ireland’s Best Young Entrepreneur twice. I know how to generate the best results from marketing efforts, I have a track record in it. I think this will be absolutely essential for Safehaven. We will differentiate ourselves based on superior tokenomics, supported by well-executed high budget marketing campaigns. I strongly believe many other altcoins will find it very hard to compete with our proposition, thanks to our team and our drive to make Safehaven a huge success, along with multiple products and services that provide value to our users.

Q -10 from a telegram user @tatarrama

Is Safe Haven’s team structure ideally competent? Are you considering expanding your team over time and expanding it with new members or mentors?

Ryder SafeHaven:

We Have @SafeHaven_Marketing and @safehavenmod they are very experienced marketing wise and they know crypto markets and social behavior in general with them we have structured the best of the marketing campaign.
We have 3 professional developers that work on smart contracts and the front end.
And yes we are actively looking for experienced developers and crypto advisors!

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the SafeHeaven 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: SafeHeaven

Telegram group  | Reddit |  Tweeter  |  Website  |  Instagram | YouTube 

Posted in Uncategorized

Waivlength x Satoshi CLUB AMA Session 15 Jun 2021

PART 1. Introduction of Waivlength project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about the new version of the social media platform.

Waivlength is a project dedicated to the establishment of a truly connected and authentic social network. We plan to remove the most toxic elements of social media.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @Satoshi_club

Paul Mont | Satoshi Club – @Ballantines87on

The Representative of the project:

Caolán – @WAIVmeister

Niall – @chiefWAIVer

Introduction of Waivlength project.

Mary | satoshi club:

Hello, satoshi club! We are happy to announce our ama session with Waivlength! Welcome to satoshi club😀

Paul mont | satoshi club:

Hello, dear satoshi club community! Today’s guests are @chiefwaiver @waivmeister! Welcome!

Waiv development team:

Hi everyone, really looking forward to the ama ahead of us!

Paul mont | satoshi club:

Hello, it’s a great pleasure for us to have you here at satoshi club.

Mary | satoshi club:

Welcome here 😀 what a beautiful day and great guests!

Paul mont | satoshi club:

How are you today? 😁

Waiv development team:

Fantastic, its a beautiful day here in Ireland! Really looking forward to getting into a conversation on our project!

Mary | satoshi club:

What’s interesting in your feed today?😉

Paul mont | satoshi club:

It’s a marvelous day here as well! And also, a perfect one to get to know more about Waivlength’s potential 😉 let’s start! Shall we? 🚀

Waiv development team:

Absolutely!

Mary | satoshi club:

And about our guests as well! So, let’s start with an introduction 😀

Paul mont | satoshi club:

So, please tell us more about yourself – your past experiences/background and also how was the Waivlength project brought to life! We want to know everything 😉

Mary | satoshi club:

And even more,😂 tell us your secrets and we will keep them😀

Waiv development team:

So Waivlength essentially came to life roughly 3 months ago when we begin understanding how to incorporate our token. We built our token on the BSC and we are spreading awareness on our project ever since. Now we are starting to incorporate our company and will look to commence trading soon.

My background is in audit and accountancy, and I have 4 years’ experience from kpmg

Mary | satoshi club:

Oh, almost my colleague 😂 what is the sense behind your project name? Why you choose it?

Waivlength was chosen as we wanted every one of our users to be on the same level, ie actually users. So from there, everyone that was on the same level or same page could be on the same wavelength

Mary | satoshi club:

I like this vision🌊

Paul mont | satoshi club:

I love it, creative and totally related to one of the core points of the project 🙂 so you’re niall, right?

By the way you guys deserve a big plaudit for being public. Not a thing to take for granted in crypto👏👏

Mary | satoshi club:

You’re 100% right👏 How big is your team? Where are you located?😀

Waiv development team:

Yes, I’m Niall. I’m glad people see that its important to be able to put ourselves at the front of our project. Its adds a lot of value and legitimacy to what we are trying to achieve. Our core value is KYC and we need to abide by that rule also!

There are currently 3 in our team. We have recently contracted an external advisor also to help with some of the more important decisions we will be making in the coming months. We are all based in Ireland close to the capital city of Dublin

Mary | satoshi club:

Nice team ☺️ 👍

Paul mont | satoshi club:

It is a great rule to abide to, people’s trust in a project grows immensely when they know who’s working behind the scenes it 😉

Mary | satoshi club:

Niall, thank you for your introduction! As we want to know more about wavelength we choose six questions for the first part of our ama 😀

Waiv development team:

Exactly, we think that it will give people more comfort in our project once they know that we are legitimate and actually working full time in the space

Mary | satoshi club:

Are you ready to start😉

Waiv development team:

Yes of course

Mary | satoshi club:

Let’s go 🚀🚀🚀

Preselected questions about the Waivlength DeFi project.

Paul mont | satoshi club:

Q1 from telegram user @nadee5

Social media is a big industry that provides a smooth networking space for everyone. However, anybody can join these platforms with fake social media identities. It has become a threat for legitimate users with hacking, social media identity theft, and other cybersecurity issues.

But Waivlength will be only for legitimate users with its truly connected and authentic social network. Thanks for your concept.

I need to ask: is Waivlength 100% free from scammers? What are the strategies you use to eradicate such scammers? what are the other features of Waivlength than being an authentic social network? Who are the targeted audience for your social media platform?

Waiv development team:

Great question. It’s important that people understand that this is the main concept of our platform. Implementing KYC protocols is what will eradicate such scammers you speak of in your question. KYC for those that don’t know, are simple verification protocols using user’s information such as passports and proof of address to ensure they are actually a person. Once onboarded to the platform, we know they are a real person. This drives the authenticity of our platform. Our targeted audience is 18–35-year-olds.

Mary | satoshi club:

Do you know that verification is often purchased? This is commonplace today. Users from poor countries will sell their data. How do you plan to prevent this?

Waiv development team:

No data from KYC protocols used for onboarding our users will be sold, in fact, no data taken from our platform will ever be sold to 3rd parties. Our KYC provider will not have access to this data for sale, only for verification purposes.

Paul mont | satoshi club:

So, will identification & subsequent banning (in case of “malicious acts” by a user) be totally blockchain-based?

Waiv development team:

No neither will be blockchain-based. Identification of users will have to be 3rd party regulated. In the case of banning, this is where our token will come into play. We will be able to remunerate people that were involved in successfully banning someone.

Paul mont | satoshi club:

Thanks for taking care of this. Wonderful, in-depth answer! Is there anything else you would like to add, or shall we proceed with the next community question? 🔥

Waiv development team:

No, let’s proceed

Paul mont | satoshi club:

Q2 from telegram user @highpee

In your social media platform, members will have the opportunity to choose between 3 plans which are free plan, Waivlength premium and Waivlength gold as you intend to monetize your platform. What is the membership fee’s structure and how long does it last? You also said that users who stick to free plan may be subjected to uncomfortable ads experience. Since one of the problems, you are trying to solve is indiscriminate monetization of users’ data for ads by social media companies, why are you doing same thing and introducing ads in your own platform? And for the gold users that will be allowed to fork their account and create up to 3 sub-accounts after paying a subscription fee, doesn’t this go against your core value of accountability and no proxy or duplicate accounts?

Waiv development team:

Another great question. Speaking to the free plan. This is how all current forms of social media work today and will continue to work in the future. Essentially the use of the internet for free is a direct payment in exchange for data. However, it’s identifying these forms for data and highlights how it is used. The free plan will exist for many users that are onboarded that do not care too much for receiving ads. Some users even like it when you are shown advertisements. Its important that users understand that this data is taken and used for this purpose. However, its the data that is sold to 3rd parties, that we will not participate in. We believe that data will only ever be used in the house and in an ethical manner that’s shown clearly to our users. In terms of the 2-tiered subscription plan. Users will have the option to pay for a plan that keeps their user experience free from ads. This is something none of us are currently familiar with and believe it could become to the new standard for social media. The gold users will always be the same individual, they will just be able to act in different capacities to different audiences. Take for example ksi, he has both his personal Twitter for all his fan base, but also a crypto channel speaking specifically to all things crypto. This same person speaking to his fan base that has different tastes.

Mary | satoshi club:

If I don’t like ads, I will need to purchase another plan, right? No way to switch off ads without this.

Waiv development team:

Correct, if you want to get rid of ads, there is a subscription plan for you. This will be paid in monthly installments like most subscription-based platforms

Mary | satoshi club:

Do you already know how much each plan will cost?

Waiv development team:

No, we don’t know right now. We would like to incentivize as many of our user bases to subscribe to this option so we hope to make it affordable to many people.

Paul mont | satoshi club:

Thank you very much for your answers, niall 👍👍 I’m very excited to know more about the upper tier/premium features/functions. The next question is heading right into that territory.

Are you ready?

Waiv development team:

Yes absolutely!

Paul mont | satoshi club:

Q3 from telegram user @h1drx

I have seen in your technical document that by using $waiv users can enjoy premium functions, the truth is that I am interested in knowing more about the usefulness of $waiv. What are these premium benefits and how can users enjoy them?

Waiv development team:

Another fantastic question. By holding $waiv, there are many different ways in which you can receive benefits for this. Pertaining to this, users that wish to subscribe to the silver and gold premium features may do this through $waiv. Users, by simply holding our token, will be entitled to the receipt of their proportionate share of 50% of future dividends from the trading company. How $waiv will interact with the platform is another way which sees users enjoying their $waiv. This will occur through content creation subscriptions/donations, access to live events/podcasts, purchasing products from the business’s through our platform and remuneration for successfully reporting users that are subsequently banned.

Mary | satoshi club:

Can you show our users your tokenomics?😀

Waiv development team:

This list is only the beginning for how users may interact with our platform through the use of $waiv and we hope to continually add to this.

Mary | satoshi club:

When users will be able to enjoy their first profits? Any timeframe?

Waiv development team:

Waivlength tokenomiks

This will not be for another 2-3 years once our trading company is established and turning profits.

Mary | satoshi club:

Gotcha😀 thank you!

Mary | satoshi club:

Ready to jump to the next question?

Waiv development team:

Of course

Paul mont | satoshi club:

Q4 from telegram user @jonahapagu

Waivlength intends to become an ideal social media site for influencers, celebrities, and other notable people to converse openly with their respective communities. Despite the so many issues surrounding the mainstream social media platforms, influencers, celebrities, and users still prefer to use this already popular social media platforms due to the already numerous numbers of users and fans that they have access to on this platform. This means that the task of competing with this platform will indeed be a big one for Waivlength. So how do you intend to attract and build a large users base of influencers, celebrities and fans on Waivlength and how do you intend to compete with the already established giants in the social media space, are their features that will make Waivlength stand among this platform who seem to have more advanced features and technologies.

Paul mont | satoshi club:

Competition and market positioning is indeed always an important aspect to take into account, especially in an ever-changing environment as the crypto space 🙂

Waiv development team:

The technologies and interface of social media are really quite simple and one that can be replicated and added value to quite easily. We want our features to go above and beyond the gold standard to make for a better user experience. The part of the question in relation to the influencers, celebrities, and other notable people using social media is really quite a simple one to answer. Our answer/solution pertains to the fact that social media today is completely hyper-inflated and not so user-friendly. Not for the fact that its easy to use or quite simply too addictive, but that is has lost its touch with the validity and legitimacy of what social media is all about. “normal” users and influencers alike are crying out for a space that is transparent, friendly and absent of scammers/bots/impersonators. I firmly believe that in time, people will use our platform for all those reasons and the true, maybe less glamourous, nature and meaning of social media will start to grow. The market will be very difficult to penetrate initially but once we grow our platform and the ideas surrounding it, people should start to join us.

Mary | satoshi club:

Which your platform feature are you most proud of?

Waiv development team:

As the platform is yet to be developed, it’s hard to say right now, but we will pride ourselves on the KYC element. We believe it brings about massive value

Paul mont | satoshi club:

It’s indeed a very important feature given your mission to bring transparency and accountability 😉

Paul mont | satoshi club:

By the way, I noticed that collaborations with influencers is listed on phase 2 of Waivlength’s roadmap – that is between June and the next month 🔥

But among the listed items in Waivlength’s roadmap, there’s also the launch of the ambassadors’ program! Are you accepting applications yet? You know, the satoshi club has quite some skilled, yet hidden talents that might add quite some value to your project 😉

Mary | satoshi club:

Yes, that’s what we love😍

Waiv development team:

Yes so when it comes to our ambassador’s program, we are looking for influencers that are interested in the solutions we have to offer and will onboard to our platform. We are most definitely interested in discussing a partnership with the satoshi club in the future to bring your fantastic user base onto Waivlength once our platform is established 🥰

Paul mont | satoshi club:

We’ll be very much looking for updates and news about the project 🚀

Mary | satoshi club:

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

Waiv development team:

Yes, let’s do it 😉

Paul mont | satoshi club:

Q5 from telegram user @cheriemike

It is stated in your whitepaper that Waivlength wants to be the biggest competitor to mainstream social media. My question is since you want to be the next big platform to any social media, do you have any plans for people who do not understand English? How can they benefit as they do from other social media? And how many languages do Waivlength plan to have on its platform? Thank you

Waiv development team:

So our core values of accountability and transparency online are the biggest thing we want to implement and have at our disposal. By utilizing these core values, we believe it will be a recipe for success against some of our biggest competitors. We have already established connections worldwide and hope that in time will be able to make our platform multilingual.  We have established big connections in China already and our telegram group is growing constantly. We are aware that this will be a major challenge but once that we aim to solve as we grow bigger. For now, it will be the English language we will implement

Paul mont | satoshi club:

So, the Waivlength’s aim is global 🙂

Mary | satoshi club:

When we will be able to try this English version? Any beta?

Waiv development team:

Our beta version will become available for our user base from November 2021 onwards as per our roadmap

Mary | satoshi club:

Not so long to wait 😉Thank you for your answers! Ready to go to the 6th and last question from this part?🚀

Waiv development team:

Yes 😉

Paul mont | satoshi club:

The next and last question for this very first part of the ama is also a praise to the ethical view behind the project 😉

Q6 from telegram user @giovannialc

I find it very gratifying that Waivlength uses part of their finances to donate to foundations in order to help many people in this way, if their token has a rapid growth throughout the year the donations will be distributed to more people, but with all this they plan to eradicate something in particular since at a global, national or state level, regardless of where they plan to start, there are many foundations that are dedicated to helping homeless people, the sick, adoption homes, etc., being many do you have any particular needs that you want to support? Or, taking into account the current situation of covid-19 in the world, do you plan to support hospitals with donations from Waivlength?

Waiv development team:

We hope to form relationships with charities and organizations in the near future with values that mirror our own. We want to ensure that our values are being upheld with these charities and organizations and are looking to do good online in areas surrounding online hate/abuse and racism.

Mary | satoshi club:

Fantastic! Thank you for your answers!

Paul mont | satoshi club:

Thank you very much for the clear answers @chiefwaiver 🚀 It has been a great time and now we must proceed to interact with our dear users into the live segment.

We will now open chat for 2 minutes and our community will ask you some questions 🙂

Mary | satoshi club:

We are close to the live part now 😃 Ready to see a storm of questions?

Waivmeister:

Bring it on 😎

PART 2.Questions about the Waivlength 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 Waivlength 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 @theshow46

Many CryptoCurrency are not solving any Real Problem, they just exist to sell their tokes. What Problems exactly is your solving and what solutions are u provide?

WAIVmeister:

Just to cement this point, our project will create a space free from the influence of bots, bad actors, and anonymous trolls with our KYC verification process. Leaving all information shared to be 100% from real people. That is for definite 👍

Q – 2 from a telegram user @Riaz0134

Does your project support staking program? if yes. how is your stake system work, what is the requirement for user if they want to stake in your platform? 

WAIV DEVELOPMENT TEAM:

We hope that we will be able to support staking in the future as part of our “All things cryptocurrency” area of our platform, allowing users to understand and interact with our token and other cryptocurrencies in the future

Q – 3 from a telegram user @vedamatrix

Which age of people are you targeting on this project?

WAIV DEVELOPMENT TEAM:

The age group ranges from 18 to 35

Q – 4 from a telegram user @h1drX

Although we believe that digital platforms are neutral sources of information, the reality is that social networks are withdrawing information and suspending accounts, based on the terms and conditions established by them. In other words, they have enough power to define what topics can be discussed openly and set the tone of public communication on their platform. So, I would like to know your opinion about this and to know what you plan to do about censorship in Waivlength, will users be able to speak, debate, or give opinions on any subject freely and safely?

WAIVmeister:

We’re not looking to ‘play god’ and enforce strict rules. After all who are we to determine what people can and cannot say? What we’re striving for is honesty of opinion from people, and respect for others. We do not want to wrap people up in a bubble of protection, nor do we want to condone hate speech or targeted abuse.

This is a fine line to walk and we will be consulting with ethical experts in the social field when formulating the code of conduct.

Q – 5 from a telegram user @esrarengizbtc

Recently, awareness of the importance of personal data has started to increase. Users complain that their data is being marketed against their will. Will Waivlength pay special attention to the privacy of its users?

WAIV DEVELOPMENT TEAM:

Yes, this is something we will hold ourselves accountable for. Personal data is super important and we will highlight and identify this to the users. Users’ privacy, while we ensure the identity of that person, is something that is extremely important and we think people will value that.

Q – 6 from a telegram user @RahulGandhi59

One of the best ways to bring people to a new social media is to bring social media influencers because people love what influencers do.
So have you collaborated with any influencer or do you have any plans of doing that?

WAIVmeister:

A part of our plan for generating traffic on the platform will revolve around influencers and famous personalities.

In the beginning we will be paying mainstream influencers to exclusively use our platform for a set period of time, we see a route to success here with people who have experienced vast amounts of online hate towards them like Marcus Rashford, Raheem Sterling, Katie Price etc.. we would expect their fans to follow them over, and at that stage the platform will speak for itself and we believe when people experience it, they will want to stay and bring their own personal connections and friends onto it. Word of mouth will be a big factor in this regard.

We would also expect to have amassed a large holder base of our token – WAIV by the time the platform is released, we expect these holders who know the story of the project will also sign up and form the initial user base on the platform.

These strategies will be fleshed out more closer to the time of the platform being released

Q – 7 from a telegram user @victorogb

As stated on your website, $WAIV will essentially act as shares in the platform, where 50% of all Waivlength profits will be paid back to holders, proportional to their % holdings. What are the periodic durations to which these profits are shared amongst holders, and are profits strictly shared in form of $WAIV tokens to holders?

WAIV DEVELOPMENT TEAM:

We anticipate dividends to be paid out, once profitability indicators have been reached, each year. Once holder have held their token for a period longer than 1 year prior to these dividends being paid out, then they will be entitled to their proportionate share.

Q – 8 from a telegram user @wass

When are you listing in any exchange ???? Wich exchange firs?

WAIVmeister:

Our plan in the near term is to focus more on the fundamentals of the project itself, once it is at the point where progress is clear and the vision for the end-product is clear, we will look to expand to bigger exchanges.

Q – 9 from a telegram user @Deleted

Deleted

WAIV DEVELOPMENT TEAM:

This is correct, as per our tokenomics, we manually burn tokens every 2 weeks.

Q -10 from a telegram user @cryptonation2

WHERE is $WAIV available to buy? What blockchains will it be available and can I do staking in the future?

WAIVmeister:

It would be remiss not to take this opportunity 😅 YOU CAN BUY WAIV ON PANCAKESWAP V2 WITH SLIPPAGE OF 11.5%!

LINK TO BUY IS ON OUR WEBSITE WWW.WAIVLENGTH.IO

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Waivlength 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: Waivlength

Telegram group  | GitHub |  Tweeter  |  Website  |  Medium

Posted in Uncategorized

Catoshi ($CATS) — pioneers of the next phase of DeFi: the MemeFi revolution

Catoshi ($CATS) — pioneers of the next phase of DeFi: the MemeFi revolution

  1. Project Overview: Catoshi
    Launching on May 25th — at the tail end of the meme coin explosion of April/May — Catoshi might have looked like “just another meme,” but a peek under the hood shows a DeFi project with a potentially game-changing view on this sector. Dubbing themselves “pioneers of the next wave of DeFi,” Catoshi is positioning its project to harness the high-impact energy of a meme community while building innovative DeFi solutions. This “MemeFi” approach is kicking off with the June launch of The Crossing, a cross-chain bridge that will allow cryptocurrency projects to unlock a new level of token utility, opportunity, and possibility.
  2. The Crossing
    Catoshi has partnered with the elite team at PADSwap to make it easier, smoother, and more affordable than ever before for Ethereum-based projects to cross to the Binance Smart Chain (BSC) and BSC projects to cross to Ethereum. Catoshi and PADSwap have developed this bridge in such a way that high-APY farming and staking can be made easily accessible for holders of Ethereum projects as they cross to BSC, with these holders able to take advantage of expanded token utility, and with the project as a whole finding itself elevated by the broadened range of available audience and the corresponding depletion in circulating token supply.
  3. A Potential Case Study
    An example is often better than an explanation; so to truly understand the value of this first focus of the Catoshi project, we’ll look at an Ethereum-based project that we’ll call X-Crypto.

X-Crypto has a strong, loyal community, a development budget of $50,000, and a desire to expand their growth potential by accessing untapped opportunities on BSC — where new token holders, new partners, and new DAPPs for their ecosystem all await. X-Crypto would also like to reward their loyal ERC-20 holders — and they realize they could accomplish all of these goals with a straightforward solution:

  1. Bridge the ERC-20 tokens to the Binance Smart Chain.
  2. Provide holders with an opportunity for staking or yield farming.

Unless the main developer is highly skilled, the X-Crypto team will have to fork over a huge chunk of their development budget for these solutions. Bridging the tokens to BSC could cost at least $20,000 on its own; and creating a simple farm could cost over $25,000, and could be susceptible to crippling flash loan attacks. The team’s goals are technically achieved, but they rest on a rickety foundation, and money that could otherwise have been spent on additional development, or initiatives such as marketing or listings, has been almost completely depleted.

By utilizing The Crossing from Catoshi, however, X-Crypto would be able to bridge their project for a small fraction of the cost, while further taking advantage of Catoshi’s developmental partnership with PADSwap to easily set up a fair liquid yield farm immune to flash loan attacks — again, at a small fraction of the otherwise-available price. Not only are the team’s goals achieved, but they are now built on a rock-solid foundation, and over 50% of the development budget has been saved for future development and initiatives.

In the future, if X-Crypto wishes to do the same on Solana, Fantom, or Polygon (previously Matic) blockchains, Catoshi and PADSwap will again be there to provide the solutions.

With all of this, Catoshi is well-positioned to become an integral conduit of growth for ambitious blockchain projects looking to expand audience, opportunity, and token utility.

  1. Community
    Rather than positioning themselves as purely a DeFi project, Catoshi took ownership over the audacious, forward-thinking MemeFi concept: building their DeFi project alongside a strong meme identity and community — and already, they have seen the fruits of this approach, with an active community that has become heavily involved in the project, including an inner circle of real-world artists, business leaders, and brand builders working closely with the team. Community-sponsored competitions and cat-inspired memes generate consistent community participation, and the team works closely with the community to make sure members feel recognized and rewarded for their efforts. By adding the snowball effect that accumulates over time through an engaged and well-built community, Catoshi is positioning its project to benefit from the full power of MemeFi.

Catoshi has adopted the motto, “Believe in Satoshi, believe in Catoshi”.