Month: June 2021

We are pleased to announce our next AMA on June 19th 2021 at 01:00 PM UTC Time: Satoshi Club x Cashdog

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

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

Part 3: 300$ – A quiz about Cashdog

For more details:
Cashdog Website – cashdog.io
Cashdog Telegram – @cashdogchat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on June 17th 2021 at 01:00 PM UTC Time: Satoshi Club x Donutcat

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

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

Part 3: 300$ – A quiz about Donutcat

For more details:
Donutcat Website – donutcat.org
Donutcat Telegram – @DonutCatBSC
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Taboo and our guest was @M_Guru91 – COO of $TABOO. The AMA took place on 12th of June.

The total reward pool was 500$ and has been split into 3 parts.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Website

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

Andrés M. | Satoshi Club: Our honorable guest today is @M_Guru91

Welcome to satoshi club

Majid: Hi everyone! I’m excited to be here. Thank you Satoshi Club for helping set this up for $TABOO 🙂

Andrés M. | Satoshi Club:
We are glad to have you here😃. How is going your day?

Mary | Satoshi Club
Welcome here, Majid😃

Majid: It’s still early in the morning for me here so the day is only just getting started🙏

Mary | Satoshi Club:
Wow, have a nice day and we will try to deliver you good mood for the weekend 😉

Mary | Satoshi Club: So, let’s start 🚀

Majid:
Yes 🙌🏼

Please introduce yourself to our community 😉 tell ys your story about how did you get into the crypto.

Mary | Satoshi Club: And, of course, tell us what is Taboo😊

Majid: Absolutely! So my name is Majid and I am the COO of $TABOO. A bit about my background: I completed a combined major degree in the art of Sciences – Physiology and Neuroscience, and my initial plans were I wanted to become a medical doctor before shifting my focus into other areas. After my decision against medicine, I launched my own successful wealth management firm for 5+ years. I led and organized franchise companies, did extensive public speaking in forums of thousands, and eventually shifted into cryptocurrency. With that, I brought my experience in business with it. From there, I worked on 4 different cryptocurrency projects helping spearhead them and growing them with some reaching hundreds of millions of market cap – in areas such as PR, business development, strategy, and operations. Taboo is now my full focus. I will now share a bit more about TABOO! 🙂

Mary | Satoshi Club: Great background 🚀

Surr, you will help a lot Taboo😉

Majid: Taboo is a deflationary utility token with its own exclusive adult entertainment NFT marketplace being created. It has a built in static rewards program where holders earn passively through the 5% tax distribution to token holders.

TABOO is an entertainment and media-based blockchain tech project utilizing NFTs to create an exciting future. The community driven blockchain technology project is utilizing NFTs to create an excited and most importantly happy long-term holder. It’s a deflationary token bringing exclusive never-seen-before uncensored NFT content from the adult world exclusively for the community members. The project is also going to deploy its own NFT marketplace based on adult entertainment content without depending on any third party.

TABOO understands that the fundamentals of a successful coin have to be MARKETING! Thus the project has been developed to bring in community interest. The increased interest in Crypto currencies has given rise to several crypto phenomena, the most prominent being community driven tokens and the craze around non-fungible token (NFT). Taboo brings the best of both the worlds with its deflationary coin along with a NFT platform that offers opportunity to one and all.

There will be many features to our project and it’s marketplace especially! One of which being able to stake/farm $TABOO for rewards. Similarly, NFTs are not a new phenomenon and has been in the space for over 2 years now. Until now its use case was limited to being used as a fan token for different sports clubs and video game in-game memorabilia. However, this increased interest & popularity has exploded to become the favorite of many mainstream artists and investors, who are very keen to be part of this phenomenon

Taboo aims to reform the adult entertainment industry with its utility token and NFT auction platform. Thus the project has the potential to breach $100 million market cap first while also ensuring that the platform can be accessible for artists to sell – before we hit the billions and beyond. We are focused on exclusive, premium NFT content, and our marketplace which is currently being developed will have features that no other competitor in the space has. We are 100% committed and focused to creating a working product that does not need to re-invent the wheel – rather, we believe in modifying and making it better. Our whitepaper which will be released in the next few days will also highlight some of these plans in more detail. We are extremely excited to be creating what we feel will dominate this sector of crypto! You can learn more about us by visiting our website, checking and following our Twitter, or even noticing how our first exclusive model partnerships already have surpassed any and all competition for the standard of quality, and professionalism we are bringing to this space!

Majid: Done question 1.

Mary | Satoshi Club: Why this industry? What prospects did you find in it and why does it need a blockchain?

Andrés M. | Satoshi Club:
Fantastic concept of the project.

Majid:
Blockchain technology, as many of you are aware, helps ensure all transactions are fully verifiable and proven in the Blockchain network. There is a decentralization aspect to it, and with that, comes more control of one’s money as it cuts out intermediaries. The best example I can give is let’s say an individual would like to buy a car. Instead of having to get approved by crediting agencies, and having entities tell you whether you are eligible to buy a vehicle, you can cut these intermediaries out entirely thus giving you more control of your money. I can spend lots of time discussing the benefits of Blockchain, but that is not my focus for today. What I will say about the industry it’s in – the adult entertainment space – is that “sex” really does sell. You add a lucrative industry (96Billion dollars/YR) , the adult entertainment space, and a hot and trendy subsection of crypto – NFT’s – and you have a powerful firestorm. Furthermore, I’d like to add, that for any crypto project – 1% of it’s success comes from the idea itself. 99% comes down to execution. With any investment one owns, they have to be placing their faith in the development teams/teams to realize said visions and goals. I have seen many projects fail due to the lack of skillset, experience, or understanding of how the cryptosphere works. Luckily, the $TABOO team brings with it the qualified candidates necessary to make all our goals a reality.

Done question 2

Mary | Satoshi Club: Yes, that’s true! Idea is important and Taboo has it😉

Majid:
Indeed :)!

Mary | Satoshi Club: Thank you for your intro! Are you ready to start with the questions from our community 😉

Majid:
I’m ready. Let’s do this 😁

Andrés M. | Satoshi Club:
Now, we are even more excited about the project😁

Q1 from Telegram user @Highpee
Taboo aims to reorganise and reform the adult entertainment industry by leveraging on the hype around meme tokens and NFTs which is associated with this current bull run. You said your project has the potential to breach the $100 million market cap. This is quite ambitious. How will you be able to actualize this ambition using the popularity of NFT and the trend of Meme tokens as a basis? How is your platform built to inspire and satisfy various categories of investors including those who like adult entertainment and general investors that love to invest in potential gem for the financial benefit it brings?

Majid:
Firstly, I want to make it crystal clear to the Satoshi Club community: $TABOO is not a meme token. Rather, we are a full utility, deflationary token that operates on the Binance Smart Chain network. Just wanted to clarify that as there were some featured publications from reputable News sources at the start of our launch that incorrectly mentioned this, which is a major distinction for us to clarify. The ways we are focused on actualizing this ambition comes in multiple layers. Firstly, it is Marketing. Our marketing spend/budget is more than healthy – in fact, we have total freedom in how and where we need to spend. Without a healthy marketing budget to promote brand awareness, that means nobody is able to understand what you are, and will not buy. We continue to generate data analytics on all our spend to ensure we are always protecting our community’s interests. We believe our Marketing is superior to the competition. Example being that we have already, in just a few weeks old project, been featured on globally known publication sites should as Business Insider (Check our Website to see the full list of featured publications). Secondly, this entire project hinges on our community. Without a strong and loyal community, we are nothing. Therefore, our #1 focus is to always remain transparent, and clear with our communications. We also value community insight, opinions, and ideas. We are all equals in that regard. With regards to our platform – one important ingredient is helping facilitate the process of buying $TABOO. We are happy to have crypto savvy investors buy $TABOO, but we also recognize there is a major market of buyers who just have not familiarized themselves yet with crypto, and we are focused on helping ensure they understand the benefits of starting to invest in cryptocurrencies too. Lastly, the best way to inspire various categories of investors is to deliver on your promises, and help them all make money. Since launch, during this recent market correction/side-ways moving market, we have held strong at 10x + our initial launch Market Cap price, and we will continue to deliver and prove, through our swift action taking and developments, why holding $TABOO is a worthwhile investment for all of you!

Done.

Andrés M. | Satoshi Club:
Thanks for the clear answer. Ready for the next question?😃

Majid:
Ready!

Q2 from Telegram user @andrey_seleznov
Hi Taboo
Recently the Taboo team decided to make some alterations to the existing tokenomics. Reflections were decreased from 5% to 2% and burns from 2% to 1% plus you added a 4% fee that goes to the LP pool. What were the reasons behind these changes? New tokenomics looks less attractive from the holders perspective, combined tax is bigger while reflexive rewards are smaller. What was the holder’s community reaction to this change? Thank you!

Majid:
I am thrilled this question has been asked! Happy to answer this! Yes, recently we have adjusted our tokenomics. It was always a 7% total transaction tax split between LP, burns, and reflections. Recently, we made an alteration so that for every buy and sell there is still a total of 7% txn fees, however it is broken down to 4% LP add, 1% burns, and 2% reflections/re-distributions. Why we did this is because we wanted to promote strong and healthy liquidity leading up to our NFT Marketplace and other development plans. Once our NFT Marketplace hits, we may adjust the tokenomics slightly to reflect our vision for $TABOO being a full utility based token. We released a Medium article discussing these changes and the community were happy that we were fully transparent about it. We had initially planned to renounce the contract right after launch, but if we did, we would not have been able to strengthen our LP. Once our NFT Marketplace hits, we will do a final revision, and more than likely renounce the contract. However, we believe that it is not suitable, for right now, to fully renounce the contract yet until our NFT Marketplace working product is live, and functional. We need this flexibility to ensure that what we launch is the best product possible, and that the tokenomics make the most sense for buyers, our community, and $TABOO as a whole.

Mary | Satoshi Club:
Where we can currently buy $TABOO?

Andrés M. | Satoshi Club:
What’s the max supply and current market cap?

Majid:
You can buy $TABOO on V2 Pancakeswap 🙂 We are already in talks with multiple exchanges and really close to finalizing our 1st one. For the record: We were wanting to go directly to a Top 10 exchange. This is how determined we are. We learned that we cannot, despite our push to make happen list on a T1 exchange right away. Therefore, we are going to list on a respectable, high quality T2 exchange with the imminent focus of getting onto a top 10 exchange. Soon, you will be able to buy $TABOO from Pancakeswap but multiple exchanges in addition!

Mary | Satoshi Club:
Awesome! We will wait for news from you 🚀🚀🚀

Andrés M. | Satoshi Club:
Our best wishes for Taboo on it💪

Majid:
The maximum supply is 10Billion tokens, but of course we currently have ongoing burns occuring which is consistently reducing our total supply. Our current Market Cap is sitting at 2.4Mill. Our all time high is 8Mill. While this is not financial advice, and I urge everyone to always do your due diligence and research, just remember we are still extremely young and early. We are not listed on CG or CMC yet despite applications being made too. This can happen any day. We have major model partnerships we are working on, and major global entities already wanting to work with us. Our NFT Marketplace that we develop is going to have cutting edge features that no other crypto will have. We are not yet listed on our 1st exchange. Our whitepaper will be released soon. I can keep sharing but my main point is that right now, this looks to be a perfect entry point (again this is not financial advice) 🙂

Andrés M. | Satoshi Club:
A great time to buy tokens, you have a great gem in hands 😃

Majid:
And we will be quick to let everyone know the moment we have more news!

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

Andrés M. | Satoshi Club:
Thank you Majid: is a pleasure to have detailed answers.

Majid:
I was BORN ready!

Q3 from Telegram user @belkysgonzalez
You will integrate an interactive platform where users can interact with content creators directly and pay for streaming, tips, private shows and special NFTs. Will this platform resemble the most popular streaming platforms like YouTube or Twitch? Will users have to pay some kind of membership to access this platform? And will $TABOO be the only currency accepted?

Majid:
Wonderful question! This platform, and more details will be unveiled in our upcoming Whitepaper, will include aspects like staking, farming, and it will be rewards centric every step of the way. We are designing a Tier based model where members will need to hold, and stake $TABOO in order to be eligible for different categories of “exclusive” content. The content creators themselves will have incentive to join, and stay in our Marketplace too. There will be passive income possibilities, access to exclusive content (in NFT’s, and beyond), and the development of streaming services that will be integrated into our platform too. $TABOO will not be the only currency accepted either. See, we have thought out every possible scenario/angle here, and that’s why we are so excited with this Marketplace that we are developing. People will be able to buy, and tip/spend in $TABOO but direct fiat and other currencies will still be possible however our aim is to ensure that all steps we take ensures positive price impact for $TABOO token itself, so be rest assured that there will be benefits to owning, and using $TABOO token relative to other currencies too. Lastly, I will mention that what we are looking to create will be the first of it’s kind in the cryptosphere. We aren’t resembling any platforms rather we are creating the one-stop shop platform that will set the new standard. I wish I could share more but you’ll need to stay tuned for the whitepaper release for even more information! 😉 It’s right around the corner and will outline all of this in even more detail!

Done this question 🙂

Andrés M. | Satoshi Club:
Wonderful answer😁. Could share with us your roadmap? It seems that amazing things are coming for TABOO in the second half of 2021!

Mary | Satoshi Club:
What is minimum amount of TATOO users required to hold and stake to be eligible for different categories?

Majid:
Of course! We have an updated Roadmap which you can read by going to taboo.community. Before moving forward, I want to share that while we updated our website, and roadmap, we strongly believe in being able to pivot, adapt, and adjust along the way in this ever so rapid moving market. While we have defined our current road-map, we are open to allowing ourselves the opportunity to evolve it as $TABOO evolves and the mindsets of the team and community evolve with it. You can see in our Roadmap we have expected time-lines for reaching certain landmarks such as implementation of our holders tiers programs, listings on top CEX’s, staking/farming portals, a merchandise store release, V1 of our Marketplace, Certik Audit (We passed Techrate with flying colours – check our website on it) but we want to do Certik and more audits, and more!

Andrés M. | Satoshi Club:
👏

Mary | Satoshi Club:
Btw, will you update info on dextools, i see that some part of it still missed

https://www.dextools.io/app/pancakeswap/pair-explorer/0xb4e7b227d344c8ba1604ae241898e02da3d1fe63

Majid:
This is something that the Whitepaper will touch upon. We are actually in the process of working out the mathematics on this and testing out various models around what makes the most sense. Why I say this, in case some Satoshi Club members are wondering, is because we on the $TABOO team firmly believe in underpromising, and over-delivering. We do not want to share particular information that will create an expectation in investors’ minds that if not reached, will lead to disappointment. We want to ensure that every milestone, use-case/utility, and detailed plans is done carefully. We are not in a rush to launch this product because we are not a pump and dump token. Hype marketing, for example, only goes so far. We want to build this out right the 1st time. Our community members who have been loyal understand this, hence why even during these recent market conditions we have held our Market Cap strong 🙂

Yes, we are trying to get this updated. Poocoin reflects the correct information but we did notice that the information is not correct on Dextools. For example, our holder count is frozen on Dextools. It will be fixed don’t worry everyone! 🙂

Mary | Satoshi Club:
Super👏

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

Majid:
Absolutely! 🙏

Q4 from Telegram user @lzamg
One of your goals for Q2 is to begin partnerships with exclusive models and adult industry stars, which is marked as completed. Can you share with us about the partnerships you have already made in the adult industry? Do they have a background in crypto? And there are two models on the Taboo website under the “Upcoming partnerships” section, but there’s no information. Can you tell us about them?

Majid:
I’ll start by sharing that $TABOO is focused on branding itself as classy, upscale, professional, and quality driven. An example of this is seen with the models we’ve partnered with already and even $TABOO being on this AMA with Satoshiclub☺️

Our first few models that we signed are considered supermodels.
The first is Chloe Aveniam – a Dior model and McKenzie Rose – a guess model!
They have released “special” welcome videos already I urge you all to check them out😜
In fact, we have also agreed in principle on a deal with LiveRichMedia (check their instagram).
More partnerships on the way.

See, I would like everyone here to understand that every single decision we make we do it through the lens of what is best for $TABOO, the community, and investors. We have walked away from potentially massive media groups, and entities, because we felt THEY did not bring us enough value. This is how far our vision is stretched.
That section for upcoming parterships will have further information when we cement the partnerships we know are best for us 🙂

Mary | Satoshi Club:
Sure, you will have interesting partners😃

Thank you for your answer! Ready to proceed?

Majid:
You also all heard it here first about LiveRichMedia.. oops, I might’ve committed a “slip” announcement🤷‍♂️

Ready!

Andrés M. | Satoshi Club:
Thanks for the sneak peek😁

Mary | Satoshi Club:
🚀🚀🚀

Q5 from Telegram user @orlemys
You said you would offer never-seen-before uncensored NFT content. However, with so many restrictions in place, even for censored content, how do you plan to offer uncensored ones? What is your strategy/technology and why have we never seen something like this before?

Majid:
Wonderful question! I am impressed with the quality of questions from Satoshi Club and it’s members! I really am!

It is true that NSFW title tokens can be met with possible scrutiny, but this does not have to do with NFTs themselves, but the country’s governance. For example, Korea has outlawed “porn” so of course there will be limitations in this regard for some Korean based exchanges. There are no laws against NFTs in any country for how provocative they can be though so keep that in mind!

We are aware of this, and that’s why we are branding ourselves the way we have.
Our exclusive NFT marketplace will not be designed in a way where it’s Rated R right from the get go. We believe that there is room for all kinds of content creation – from fully clothed, seductive pictures, to more softcore style lingerie, to then of course more “rated R” which will have its own section on the marketplace that will require particular requirements to access.

As I said before, we have all the data we need by measuring and sizing up our competition. We are already miles ahead of them for what we’ve achieved so far, and what the community and world will see that’s unique is all the added features and integrations in this working marketplace. We have had official NDA’s signed with multiple parties because we are protecting what we feel is intellectual property for the above features and implementations.
We all also need to remember that many cryptos reach really high marketcaps without a working product.
We will continue to market this as we go, but we know that a working product > than any paid marketing as it will then market itself.

Mary | Satoshi Club:
When do you plan your NFT content to go live?😃

Btw, will you have content only for boys or for girls also?😂

Majid:
As the marketplace develops , and this will take time, we will be releasing ongoing exclusive NFTs through contests, rewards for holding $TABOO, and giveaways.
Of course we’re aware we need to keep our community “happy” in the interim😆

Andrés M. | Satoshi Club:
Sure, which categories will Taboo have?

Majid:
We want to ensure full inclusivity for all genders and gender identifications so we definitely are not going to be limiting ourselves to just one type of content😅
This will be a choice by community members. We get that TABOO is a real term. Many people are into different things. And we want everyone to be and feel empowered for this.
In fact, we will be creating an educational piece to our project so that “taboo” topics as a whole can be discussed, and people can be informed about it.

Mary | Satoshi Club:
Super👏👏👏

Mary | Satoshi Club:
Thank you for your answers! Are you ready for the 6th and last question from this part?🚀

Majid:
Edited a bit more on my answer above for completion😇

Ready!

Q6 from Telegram user @Asela1112
It is mentioned about launching a Taboo farming & staking portals in your Roadmap Q3. I really like farming and staking protocals due to their passive income & long term access. Already there are 2898 $TABOO holders while the total supply 9,812,130,872.534424 $TABOO. Which assets can be used for the farming and staking? How about the TVL in your liquidity pool? How long will the pool be locked? What are the special benefits that staking holders can get in your platform in addition to 2% of $TABOO distribution?

Mary | Satoshi Club:
👍👍👍

Majid:
I agree!
Staking/farming is fantastic in the sense that long term holders would benefit from doing so.
Also keep in mind what impermanence loss looks like (research it), so when farming goes live we will make sure our community understands all the consequences to farming, vs staking.

And that question on “special benefits” as much as I do not like teasing the Satoshi Club community, you’ll have to be patient to read our upcoming whitepaper that is in the final stages of completion for release in just a few days😉

Andrés M. | Satoshi Club:
Well, thank you so much for your clear answers Majid. I’m happy to be here, we learn a lot about Taboo, a unique project with big potential.👏

Mary | Satoshi Club:
We will definitely read your Whitepaper 😃 we still have weekend and your NFTs are not live yet, so…😂

Majid:
A testament to how early you all are when buying!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @potentialsake
Why did you name your project as TABOO and not some rocket or cum or anything else?

Majid:
Great question.
Taboo in our mind is a much more marketable name than having phrases like “cum” and “porn” and “rocket”
Remember, in terms of branding, picture yourself as an individual/entity who would potentially want to collaborate with us. If our name wasn’t designed like TABOO (a general sense term), we limit ourselves to the amount and kinds of partnerships and endorsements we can lock in. Imagine you are a celebrity with a family and reputation to protect. You will be weary to partner with some of these existing names and rightfully so.

I’m personally surprised with some of the names of other tokens. It is as if they did not consider the implications of the consequences that having a name like that can bring.

Q2 from Telegram user @Asela1112
Will All the appearance of NFTs be based on the models in your platform? Do you have an idea to work with porn stras also?

Majid:
Yes yes and yes!
The attraction point for models and content creators is they get to promote themselves and have opportunities to earn healthy revenue streams by minting and selling their NFTs. We are even adding features that go beyond NFTs themselves – think video content, streaming services, tipping in our token for private access to exclusive content. I’m excited just typing this!!

We are already in discussions with porn stars. Remember, we are still adult entertainment focused but we want to make sure that you do not need to just be in porn to enjoy what $TABOO has to offer.

Q3 from Telegram user @rockmorti
Is it in your development plan to validate the progress of the project through Governance, or will these decisions remain in the hands of the main team?

Majid:
We have actually discussed governance extensively within the $TABOO team.
For now, as I’ve done before, we value all community input, ideas, and suggestions.
We have run multiple community Q+A’s and these happen on a consistent, and regular basis.
Feel free to check our website to also see recorded footage from our 1st AMA, and looking at our YouTube channel for other AMA’s.

Some of our existing and future initiatives have come from community members, so while there is a dev team we know that we are nothing without the support and loyalty of our community and will continue to earn their confidence and trust at all times!

Q4 from Telegram user @sweetdoge
Who is the $TABOO team what is the experience of the team on crypto business and do you have any female co-workers?

Majid:
The $TABOO team includes individuals in various roles, from PR, to external marketing/social media management, internal marketing roles, tech, web development, business development, strategy, admins/mods, and more.

We completely understand the importance of outsourcing talent too. While many of us play a hand in multiple areas of our project (we are multi faceted in skill-set) we have core specializations too.
At all times we also hire contract work talent as we go and always have an expansion mindset as seen in our recent hires for various marketing management roles 🙂

And yes, we do have female co-workers with us too!🔥

Q5 from Telegram user @slla1112
What kind of marketing plans do you have for Taboo’s long-term prosperity? Have you completed your technical work?

Majid:
Marketing comes in many forms.
For example, there is paid promos/advertising that is ongoing – check our recent Twitter posts for the volume of influencer videos we launched. This happens all the time to help increase and promote brand awareness.

We also understand that with marketing, comes the need of understanding that it is not just what you do, it is when , and how you do it. Focused intention is paramount. Some kinds of marketing prove effective and ineffective. Some we only learn through trial and error.
So, there is always ongoing short term micro marketing as well as careful planning on other kinds of marketing that are more mid to long term in nature.

But to us, the best kind of marketing is action marketing – having the community rally as a unit to reach one common goal. No paid marketing can ever beat this.

We’re all here for the same reason too. To become financially independent, and free. Join us on this journey, and remember, to buy us and sell early is no different than selling out on your dream futures☺️

Q6 from Telegram user @Robotliker1
What are your listings plan on exchange?do you believe token for an adult industry will be listed in exchanges?

Majid:
Hello to you too!

Believe it or not, and I want to re-share this point:

$TABOO wanted to go straight to a Tier 1 exchange. In the top 10. We were ready and prepared to do this last week.
However, we understand that in order to list on a T1 exchange we need to list on a T2 exchange first. So, that is our first target – a T2 exchange then we are immediately going after top 10/top 5 exchanges 🙂

As for adult industry tokens, many exchanges still list them.
The issue is more about deflationary tokenomics than our “title”
Exchanges are generally not happy with deflationary tokenomics because it goes against their business models, but as said before our final tokenomics will be published in unison with our marketplace development

Q7 from Telegram user @ask2lance
I saw in one of your announcement that you want to get listed on BlockFolio and Delta.I know Blockfolio/Delta are a top cryptocurrency tracking app that supports the widest variation of cryptocurrencies.Can you tell us why you want to get listed in Blockfolio and Delta since both are Tracking Apps?Are you planning to create multi-portflio for different investors and for those who are looking out for the next big thing in cryto?And how far have gone with your upvotes?

Majid:
Great question!
We believe we’ve already hit our upvotes with Delta and Blockfolio!
And we are now reaching out to them to list us. We will continue to bug them until they do.

One thing I’d like to add:
Many people are very focused on “wen cmc” and “wen CG”

While these are valuable trust platforms to search for and understand tokens, we understand there are hundreds of tracking sites globally and worldwide with large user bases, in different languages, that don’t even know or care for cmc and cg
So be rest assured we are going to target all of those big tracking sites for listing too. Because to us, we don’t see many cryptos doing this but it is a highly effective exposure marketing strategy

Q8 from Telegram user @nadee5
In your roadmap, it is mentioned about
MERCHANDISE STORE….🔥
Actually, I am interested to know,
How will MERCHANDISE STORE work? Can you tell us more details, sir?🙂

Majid:
The merchandise store is an exciting aspect to our project!
Take a look at this first prototype😉 it will definitely include everything “taboo” but with many accessories and products beyond what is expected in an adult entertainment field ☺️

Q9 from Telegram user @nguyenben
Congratulations Taboo! TechRate Audit Passed Successfully, when will Certik audit Contract?

Majid:
Certik Audit we are about to apply for. We understand it takes a bit of time to get the final results for but be rest assured it’s coming!🙏🔥

Q10 from Telegram user @luckyboy0305
Which one of these aspects is important for you?

1-Increasing Token Price & Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally

In what order?

Majid:
Great question!
I would say the order of importance is:

1) Building community trust

Without community trust, we will not be able to hold higher price floors as consolidations in price have everything to do with community members holding.
With this, naturally

2) increasing token price and value

Token price and value goes up when people see an investment that is worthwhile to buy.

And then 3 + 4.

While I enjoyed this question as a thought experiment, and a great ending question to the community member questions to the AMA, the truth is all of these 4 options are equally important and we work on all of this together, consecutively, on a daily basis.
It’s our job to know what is a higher priority at any given time and we shift our focus where need be

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Taboo. 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
Taboo Telegram community: https://t.me/TABOO_OFFICIAL
Twitter: https://twitter.com/TABOOOFFICIAL2
Website: https://taboo.community

We are pleased to announce our next AMA on June 16th 2021 at 03:00 PM UTC Time: Satoshi Club x Dopex.io

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

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

Part 3: 300$ – A quiz about Dopex.io

For more details:
Dopex.io Website – dopex.io
Dopex.io Telegram – @dopexofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

PART 1. Introduction of Unipilot protocol project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about the most efficient way to manage your liquidity.

Unipilot protocol helps you manage your liquidity position to maximize the returns on your investment. Earn up to 100x more fees.

The plan of AMA session:

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

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:

Taha – @haqtaha – leading Unipilot protocol and VoirStudio Co-Founder of Xord

@asadnaeem01 – CTO of VoirStudio and Technical lead of Unipilot protocol

Introduction of Unipilot protocol project.

Gold rocket | satoshi club:

Hello again, dear satoshi club community! We are pleased to announce ama with Unipilot. Today our guests are @asadnaeem01, @haqtaha!

Asad naeem | voirstudio:

Hi satoshi club members, we are excited to have an ama session here.

Taha h:

Hello, Staoshi club,

We are glad to be here and looking forward to introducing Unipilot and the pilot protocol to this awesome community.

Gold rocket | satoshi club:

Hello and welcome to satoshi club, @asadnaeem01, @haqtaha!

Andrés m. | satoshi club:

We are so happy today. We reached 80k members. To celebrate it we bring here a great project like yours!😁

Taha h:

And we just crossed 1000 members.

Gold rocket | satoshi club:

Excellent result👍

Thanks for joining guys!

Andrés m. | satoshi club:

Congratulations well deserved👏

Gold rocket | satoshi club:

Let’s start!👨🏻‍✈️👨🏻‍✈️✈️

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

Tell us please about your position Unipilot?

Taha h:

I am taha, co-founder of xord (a blockchain service company) which we founded in 2018.

We have a team of around 80 people working specifically working on blockchain.

We have worked with many well-known blockchain projects such as trustswap, blockzero labs, Uptrennd , phoenix DAO and many more.

We recently launched Voirstudio that works on defi products and Unipilot is the first product and much more incoming

Unipilot is a novel universal automated liquidity optimization protocol. @asadnaeem01  and i are leading this project and Voirstudio

@asadnaeem01 is the CTO of Voirstudio and technical lead of @Unipilot_io

Gold rocket | satoshi club:

Hi, taha! Nice to meet you! There are a lot of famous and familiar names on your list. You have a wonderful background👏

Taha h:

I got involved in crypto back in 2017, when i invested all my savings into bitcoin and literally the next day bitcoin crashed.

It was a learning experience from there.

Gold rocket | satoshi club:

You know what pain is my friend 😉we’ve all experienced crypto frustrations from time to time, but this makes us stronger and more experienced. 😊

Taha h:

Agreed, this what allowed us to establish ventures like Xord and Voirstudio.

Andrés m. | satoshi club:

😬 yes, that’s the best way to learn. So, what is the essence of Unipilot?

Taha h:

Imagine a platform where with one click you can add liquidity with

• no more manual oversight.
• no more worrying about constant optimization.
• no more spending loads of gas fees for each optimization.
• get stable coin loans on your capital while earning fees

This is what pilot protocol is all about.

Gold rocket | satoshi club:

Sounds great👍

Taha h:

Let’s start with the problem

Gold rocket | satoshi club:

What event influenced the project the most?

Taha h:

It was March 25, I was sitting in my room working when one of my colleagues came excitedly telling me about Uniswap v3 and how it’s a gamechanger for liquidity providers.

He started explaining the concept of concentrated liquidity.

While he was explaining it, the idea of Unipilot clicked.

A protocol built upon Uniswap v3 that allows liquidity providers to optimize their liquidity position, so they don’t have to.

The protocol will always optimize your liquidity in a narrow range so you will earn higher capital.

Let’s take an example.

Even if you provide liquidity in the most optimized range

You still need to constantly monitor it to avoid getting out of range and losing fees.

If it’s still in range but not optimized, you risk losing a lot of fees.

The differences between small optimizations can be huge.

Imagine you are choosing whether to concentrate liquidity to the

Dai/USDT pair in the 0.99–1.01 price range, or the 0.9–1.1 range.

The former range is 10 times more efficient, Unipilot will allow your liquidity to be always in the former range.

Gold rocket | satoshi club:

This is very visual! Thanks a lot for the clarification! 👍

Andrés m. | satoshi club:

Interesting idea. We are excited to know more about how Unipilot works😃. We have collected some community questions for you. Are you ready to proceed?

Taha h:

Yes sure.

Preselected questions about the Unipilot protocol DeFi project.

Andrés m. | satoshi club:

Q1 from telegram user @moe_808

I read on your website about the liquidity provided funds it stated that the fees collected from the liquidity providers will go into an index fund. Can you explain to us what is this index funds means? What purposes it serves to create an index funds? How much percentage from the liquidity provided will go to the index funds?

Taha h:

Let me explain in detail.

Gold rocket | satoshi club:

Take your time, please😉

Taha h:

When a user earns fees in our protocol, they’ll have the option to withdraw in one of two ways.

1. Claim the fees in the pair that they provided, in this case, we will charge a small fee called vault fare from their fees and send this to the index fund. The percentage is initially set at 2% which can be later changed through governance.

Let me share a diagram to understand it better.

Gold rocket | satoshi club:

Feel free👍

Andrés m. | satoshi club:

Yes, please😃

Taha h:

Let’s take an example.

Suppose “jenny” decides to deposit her liquidity in an ETH/USDT vault in the pilot protocol.

After a day of trading, jenny accumulates $100 worth of tokens in total fees.

When she wants to withdraw her fees, she will have two options:

Option 1

Withdraw her $100 worth of fees and pay a small “vault fare” (2% initially, can be changed through governance). Jenny would keep $98 and $2 would be sent to the index fund.

Let’s talk about option 2:

Users can choose to claim 100% of their fees in $pilot tokens, in the case $pilot tokens will be minted equivalent to the dollar value of their fees and given to the vault participant, no vault fare is charged in this case.

The protocol will collect the user fees and send that to the index fund.

In option 2

Jenny can collect her fees in pilot tokens instead and pay no “vault fare”. $100 worth of pilot tokens will be minted and sent to jenny, and all $100 of her token fees will be sent to the index fund.

Andrés m. | satoshi club:

Got it, is clear right now. But is there a minimum deposit?

Taha h:

No there is no minimum deposit.

Gold rocket | satoshi club:

Logical enough! 👍thank you very much for the detailed answer!

Andrés m. | satoshi club:

Ready to proceed with the second question?🥳

Taha h:

We are proud that we position ourselves as the universal automated liquidity optimization protocol.

Anyone can create vaults for any pair.

No restriction.

No limitation.

We will also support more AMM in the future not just Uniswap.

Andrés m. | satoshi club:

Great strategy, I think that’s the way to increase adoption.

Gold rocket | satoshi club:

What other AMMs are in your plans?

Taha h:

Right now, there is just Uniswap v3 that supports concentrated liquidity.

We are expecting that more dex will follow this soon, and our protocol is designed to support them as well.

Gold rocket | satoshi club:

Thank you very much for your answers! Ready for the next question? Or do you want to add something?

Taha h:

Just more explanation on an index fund.

An index fund is a smart contract that will hold the fees generated by the protocol in the form of hundreds of different tokens which will back the pilot token.

The value of the $pilot token cannot fall lower than the underlying assets.

Burn token to get underlying assets

The only way to access the underlying assets/tokens is to burn $pilot tokens.

This creates a collateralized backstop to the pilot token.

Andrés m. | satoshi club:

Like a staking/farming process right?

Taha h:

It’s different.

If you own $pilot tokens, then you essentially own a part of index fund which will keep growing as more fees are added.

This way the $pilot token value will keep increasing.

Andrés m. | satoshi club:

Thanks for the clarification. Time to proceed with our next question😃

Andrés m. | satoshi club:

Q2 from telegram user @nataliyakil

Unipilot’s components include the functioning of pilot vaults, the introduction of a decentralized mechanism known as “concentration incentives” and the prediction of liquidity ranges. In your article in medium, you only talk about two of them so far: vaults and fees and fares. What are their implications for the Unipilot community? What other components does Unipilot have and how do they work?

Taha h:

For example:

Alice holds 1% of the total supply of pilot tokens. If the index fund has 10 ether, 10 dai, 10 USDT.

Then Alice can burn 1%pilot tokens to get 1 ether, 1 dai, and 1 USDT.

Andrés m. | satoshi club:

Fascinating, a great reason to invest in Unipilot👏

Gold rocket | satoshi club:

It is very beneficial👍

Taha h:

The pilot protocol consists of various components that work together to ensure that the protocol runs smoothly, this includes vaults, concentration incentives, range prediction and index fund.

You can follow our article series here where we will explain each component in detail.

 https://Unipilot.medium.com/the-pilot-protocol-2c9c436ccfc6

Gold rocket | satoshi club:

Thanks for sharing!

Andrés m. | satoshi club:

Would you like to add something before the next question?

Taha h:

Let’s proceed with next.

Andrés m. | satoshi club:

Q3 from telegram user @chencrypto

To deal with the rapidly changing market price of the asset (for say ETH price in eth/dai pool), Unipilot will use the “auto-rebalances liquidity” function (as mentioned in the article). That sounds cool, how the auto-rebalancer works? If you could give us a good understanding in the layman terms.

Asad naeem | voirstudio:

Unipilot uses a modular architecture fully decentralized where each module is responsible for a specific function.

In the architecture of pilot protocol, one module is used to decide optimal price range, on-chain using algorithms like Bollinger bands.

We have decided not to calculate the range off-chain.

The module will be replaceable through governance to support different algorithms. But at launch, we will be using spread-based range prediction with multiple strategies for supporting different risk levels.

If the price changes and moves outside of the optimal range, the captains readjust to make sure that you earn maximum fees.

Taha h:

Thanks, @asadnaeem01 for the explanation.

Gold rocket | satoshi club:

Great answer! Thanks 👍 do you want to add something? Or can we proceed to the next question?

Andrés m. | satoshi club:

Yes, clear and detailed answers, thanks!

Taha h:

Yes, let’s proceed with next.

Andrés m. | satoshi club:

Q4 from telegram user @yellowchamp

Unipilot enable to save on gas through managing just one NFT for each vault and use the Uniswap re-price function for adding more liquidity to the vault which is much cheaper than creating a new position on Uniswap.so, does the re-price function of Uniswap is accessible to everyone or you need permission from the Uniswap admins? How does this re-price function works? By using this function,is there a possibility that the price of $pilot token in Uniswap will be different from other exchanges? Aside from Uniswap, do you plan to add more swapping tools for $pilot token for more options of your traders and investors? Thank you

Gold rocket | satoshi club:

Partially disclosed. But I’m sure you have something to add😊

Asad naeem | voirstudio:

Yes, the protocol will maintain one position for each pool and issue our own NFT token to keep track of users share in that pair.

This allows us to just adjust range for that one NFT and not for each individual feature hence saving gas fees while allowing us to adjust more frequently in a narrow range so that our users earn as many fees as possible on their capital

We’ll initially list our token on Uniswap but it will be available for purchase on different exchanges

Captains can send a transaction to readjust non-optimized positions to earn rewards in pilot tokens

But the option to readjust will also be available on the front end for anyone to optimize the position

Andrés m. | satoshi club:

What is the importance and role of captains?

Gold rocket | satoshi club:

Oh! We have the next question about the captains! Maybe we can proceed to it and continue?

Asad naeem | voirstudio:

They will keep the positions always optimized and earn rewards for doing that. The system and tokenomics are designed to keep the protocol independent and decentralize and is not dependent upon a single entity.

Taha h:

While @asad is typing the answer for this.

Let me share some stats.

We are targeting AMM market which has a monthly volume of $140 billion and growing.

Andrés m. | satoshi club:

Thanks, let’s disclose more about it with the 5th question😁

Taha h:

We are targeting 10% liquidity of Uniswap initially, which will allow us to have index fund of $100 million in 6 months.

Taha h:

Gold rocket | satoshi club:

You are very ambitious guys, it’s worth noticing 😉

Andrés m. | satoshi club:

Thanks for sharing it, time to proceed👏

Andrés m. | satoshi club:

Q5 from telegram user @andrey_seleznov

Hi Unipilot!

Please tell us more about the captain’s role on the Unipilot platform. I read that anyone can be a captain and helps pilot protocol by optimizing vaults in optimal range or getting an in-active vault to activate again. How do captains do that exactly? Why do you need people to do the optimization and activation tasks, is it impossible to automate this functionality to achieve optimal results on the smart contract level? Thank you!

Taha h:

Sure, let me explain

The pilot protocol provides various opportunities for profit which helps to maintain the vault optimization.

Strategies to use these opportunities can be codified as captains – automated bots that can detect when a vault is not optimal or out of range and simply call a function to earn the incentive.

In the start, the pilot protocol will develop its own captains and will make the code open source. It is expected that developers and operators will evolve their own captains over time.

Additionally, users can also optimize the vaults directly through the DAPP.

The fee that was used by captains for sending the transaction of vault readjustment will be paid in $pilot tokens, an additional premium will be given on top of the gas fee as an incentive for optimization of vaults.

Example

If the transaction cost for optimizing the vault was $100, then the protocol will mint $100 of $pilot tokens and an additional premium of 20%, i.e $120 of $pilot tokens in total will be sent to the captain.

Andrés m. | satoshi club:

Is there another kind of bots on the platform? Different from captains?

Taha h:

No just captains which can be bots + users. This is how we compare to our competition.

Andrés m. | satoshi club:

Great job with that field. So, could you tell us about the token distribution of $pilot? How is tokenomics?

Taha h:

Andrés m. | satoshi club:

I saw, a great advantage for you, as we say “a killer feature” 😁

Gold rocket | satoshi club:

Yes, all the advantages are obvious! 👏👏👏

Asad naeem | voirstudio:

Unipilot’s tokenomics is also designed in a way to incentivize captains to adjust liquidity in an optimal range and also eliminates readjustment fees for users that they would have to pay, if they decide to manage their liquidity themselves.

Taha h:

Yes, there are many exciting features 😊

Asad naeem | voirstudio:

The pilot tokens will be backed by an index fund. All the fee that the protocol generates goes straight to the index fund.

Taha h:

Some features of the pilot protocol.

Asad naeem | voirstudio:

Those users can claim by burning their tokens according to their percentage of holdings. Then there are captains, the protocol will reward them to readjust the liquidity.

Gold rocket | satoshi club:

Great feature! Which one are you most proud of?

Taha h:

Well to be honest there are many.

1. An index fund (this will make users hold $pilot tokens which will always increase in value as the protocol is being used.
2. Interest-free loans (which allows people to earn fees as well as take stable coin loans without any interest )

Gold rocket | satoshi club:

This is really something to be proud of👍

Taha h:

Yes, many exciting features.

Asad naeem | voirstudio:

The token will also be used for governance. Governance is also a major part of the protocol. Holders can swap out protocol readjustment strategies, adjust fee percentage, adjust reward percentage etc.

Andrés m. | satoshi club:

That’s great, long term hodlers will be rewarded as well!

Taha h:

Here is the token distribution (subject to change)

Andrés m. | satoshi club:

Thank you so much for share it and for your great answers guys, ready to go with the final question of this part of the ama?😁

Asad naeem | voirstudio:

Yes, the index fund will keep collecting fees. Since the token is backed by the index fund, in the long run, the underlying core and value will get stronger

Gold rocket | satoshi club:

Thanks a lot for the answers guys!😊

Taha h:

Yes, we are.

Andrés m. | satoshi club:

Q6 from telegram user @brainchest

Please explain why in the scheme of profit, participates in the creation of NFT, and not as a usual smart contract when creating a pool? Is NFT able to perform functions that are needed such as rebalancing, deposit/withdrawal, and other operations that require logic?

Taha h:

The pilot protocol is designed in a way that you don’t have to rebalance your liquidity anymore.

So, no need of rebalancing, the protocol will do it for free.

Asad naeem | voirstudio:

There is also one feature that we are really proud of and excited about. It’s flash liquidity. Let me explain a bit more about it

Gold rocket | satoshi club:

Of course 😊

Taha h:

Flash liquidity is a liquidity farming technique coined by Unipilot which utilizes the concept of concentrated liquidity

The concentrated liquidity mechanism does not allow the price of an asset to fluctuate until all the liquidity in a given price range is exhausted.

With flash liquidity, Unipilot allows liquidity providers to achieve the highest capital efficiency possible by depositing their liquidity in fractional ranges of the current price so that they can earn more in trading fees.

Since the price of a pair generally changes at every moment this can be only done on the contract level.

Gold rocket | satoshi club:

You are true pioneers! A lot of what we have heard today are quite unique technologies👏

Taha h:

Let’s try and illustrate how the system works through an example.

Suppose bob decides to concentrate $100,000 of his liquidity in an ETH/USDT pool. In Uniswap v3, he concentrates all of his capital within 100 dollars of eth’s current price i.e., $2500. ($2400- $2600)

On the other hand, Alice, who loves to seek higher returns, decides to concentrate her liquidity of $100,000 in the same ETH/USDT pool.

However, she realizes the concept of flash liquidity and deposits her capital through Unipilot. To achieve high returns, Unipilot deploys all her capital at the current price of ETH/USDT liquidity pool i.e., $2500.

Since the current price of ETH/USDT cannot move without exhausting all of her liquidity, she earns a massive amount in trading fees ($300) since 100% of her capital has been utilized.

Repeat that process 6 times in an hour. The fees that she earns in a day are now 300*6*24 = $43200. That is about 40% return daily, this is crazy right.

Gold rocket | satoshi club:

Wow! Amazing😁

Taha h:

We are launching this feature exclusively this week before our full-fledged launch in July

Check out our designs here and keep updated by following our telegram group @Unipilot_io

https://www.figma.com/file/rai23sgmiz9estc13gv2sn/Unipilot-v2?node-id=665%3a33

Gold rocket | satoshi club:

Thanks a lot guys for your great answers. There was only one standard question left. 😉 have you done an audit of a smart contract, or do you have it in the near future?

Taha h:

We will have multiple audits of our smart contract in the coming weeks 😊

Gold rocket | satoshi club:

Thanks for sharing! Satoshi club, check it! Don’t waste great opportunities

Asad naeem | voirstudio:

Summary

Unipilot started when Uniswap v3 launched with a revolutionary feature of concentrated liquidity. Since Uniswap is the market leader, many dexes will follow and include this feature in their upcoming versions. Unipilot is designed to be universal. It allows you to provide liquidity in a very narrow range and automatically keeps readjusting it so that your liquidity is always optimized, and you earn maximum fees on less liquidity.

Unipilot’s tokenomics is also designed in a way to incentivize captains to adjust liquidity in an optimal range and also eliminates readjustment fees that the users have to pay if they decide to manage their liquidity themselves.

The token will be backed by an index fund that will collect all fees that the protocol generates. Users can claim these underlying assets by burning their tokens.

Captains will get rewarded in pilot tokens. The token will also be used for governance. Holders can swap out protocol readjustment strategies, adjust fee percentage, adjust reward percentage, etc.

Unipilot also introduces flash liquidity that allows you to provide liquidity in as narrow a range as possible, essentially earning fees on the whole liquidity in a few minutes or seconds.

Contact us on our telegram group to ask more questions about the protocol, tokenomics, governance, and token distribution.

🚀 follow Unipilot on your favorite social media platforms

Website | Telegram | Twitter | Medium 

Gold rocket | satoshi club:

Please do not forget to share with Satoshi clubbers🙏

Taha h:

Sure, we will.

Gold rocket | satoshi club:

As I understand it, the synonyms for Unipilot are uniqueness and versatility.😁

Taha h:

Uni = universal

Pilot = your liquidity on autopilot

Gold rocket | satoshi club:

Thank you very much for the great first part of our ama! Now get ready for the most exciting moment of our ama. Live questions! 🚀🔥🔥🔥

Taha h:

We are ready

PART 2.Questions about the Unipilot protocol 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 Unipilot protocol 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 @potentialsake

What is it you are targeting for the AMM market and where do you see yourself at marketcap in 2-3 years later?

Taha H:

We are looking to have a cap of at least $1 Billion in 3 years, which is very possible due to the index fund that we have.

This incentives people to hold our tokens because every day, fees are added to the protocol and if you are holding $PILOT tokens then its value will increase.

Q – 2 from a telegram user @cryptofollower

In order to earn up to 100x more fees do you manage my liquidity for the vaults and pools or do I choose which to add my liquidity? 

Asad Naeem | VoirStudio:

We have a concept called index pools, they are essentially collection of pools that you can provide liquidity in one click. But generally the platform is quite similar to Uniswap. You choose any pair you want to provide liquidity in. Unipilot automatically manages that position to make sure you earn maximum fees and your liquidity always remains in an optimal range.

Q – 3 from a telegram user @andrey_seleznov

I would like to learn more about burning tokens to get underlying assets functionality. Unipilot documentation mentions that the only way to access the underlying assets tokens is to burn pilot tokens. Will this burning affect the total supply of the $PILOT tokens or are you minting the corresponding amount with each burn? You mention that this functionality creates a collateralized backstop to the $PILOT token. Can you please explain what a collateralized backstop is? Thank you?

Taha H:

If you burn token then it’s gone for good.
The supply will decrease and no additional $PILOT tokens are minted.

For the collateralized backdrop, this means that the price of $PILOT token cannot fall lower than the tokens in the index fund.
If there are $100 Million of tokens in an index fund, then $PILOT token market cap cannot fall lower than $100 Million, it’ll always be higher.

Q – 4 from a telegram user @Kashan_Siddiqui

What is the benefit of index fund in the longer run for the end user? How will we get advantage?

Asad Naeem | VoirStudio:

Great question
Index fund is something that we are really proud of and it will play a huge role in the stability of the protocol in the long run.
The index fund will collect all the fees generated by the protocol and will back the PILOT token itself. The value of the token cannot fall below this level because the users can burn their tokens and claim the underlying assets.
Hence, it will serve as a solid base for the protocol and will grow in size exponentially as time passes.

Q – 5 from a telegram user @Amila19932

Do the PILOT token holders get the voting chance for governance? If yes how much should I hold to be eligible for voting?

Taha H:

Yes, we will have governance in our protocol.
There is no minimum limit for voting, even if you hold 1 token you can vote.
There is also a foundation fund of around 35% total supply which the community will vote on how to use it.

Q – 6 from a telegram user @cryptovgh

You have pointed out 6 members of the team in your website? Could you please explain about their experience on this industry? Do you have any plan to recruit more members as ambassadors or any other positions?

Taha H:

We actually have a team of around 12 people working just on Unipilot, the listed ones are the core.
We will add the rest of them soon.

We are all public and will be transparent with our community.

Q – 7 from a telegram user @wasifrasheed

How does Unipilot make sure that our vested amounts don’t go lower than our initial investments?

Asad Naeem | VoirStudio:

We have done great research into this. Run some financial simulations as well. The truth is we can not guarantee about the value of the token. We really believe in the project, have conducted interviews with many Uniswap’s LP providers and came to this conclusion that a quality automated liquidity management protocol is the need of the hour. As with all investments there is risk associated with it.
Our index fund will play a part here as well. It will grow in value and as the protocol matures it will grow in worth exponentially hence supporting the value of your tokens.

Q – 8 from a telegram user @Abdul_Samad007

What if no Captains are available to re-adjust the liquidity positions?

Taha H:

We have a mechanism similar to Makerdao ( DAI )
This process is decentralized and anyone can be a captain and adjust liquidity.

Since people are getting a premium on doing this, we will always have captains.
Additionally, we will also run our bots as captains and the code will be public, which the community can use to deploy their own bots.

Q – 9 from a telegram user @Jodasf

I noticed on your website that the Unipilot Roadmap is only up to the month of July, could you tell us to date, how many objectives have been successfully met, what plans are being developed for the rest of the year and how do you guarantee that they will achieve a project that will be with us for a long time and that not only that, but will also be one of the most successful projects in the market?

Taha H:

We are nailing our every deadline so far.
The protocol will be launch in July and we will keep adding more features to it.

We have the incentive to keep working on the project because we have a lock on our tokens for 6 months.
We won’t get any tokens for 6 months and then our tokens gets linearly unlocked for the next 36 months.

Q -10 from a telegram user @Cheriemike

Can you tell me what Voirstudio is all about?What connection does it have with Unipliot?

Asad Naeem | VoirStudio:

VoirStudio (https://voirstudio.io/) is a development studio that aims to revolutionize the DeFi space. DeFi is still immature and we aim to innovate this space with the help of Xord (https://xord.com/), so that more and more people can be financially free.
Unipilot is the first product of VoirStudio. We will be launching a range of DeFi protocols, that will be interoperable, improving each others utility in an ecosystem. You can join VoirStudio’s telegram (@VoirStudioDeFi) group to stay updated with how we plan to achieve this.

Part 3 – Quiz about project

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

Telegram group  |  Tweeter  |  Website  | Medium

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 Payr and our guest was @midasico, @intelmin, @blake0619, and @cedric22pk – representatives of Payr. The AMA took place on 12th of June.

The total reward pool was 500$ and has been split into 3 parts.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Website

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

D. | Satoshi Club:
Today our guests – @midasico @intelmin @blake0619 @cedric22pk ! 👋

Hey, guys how are you doing?

Blake:
Hi Community!

Ced:
Hello, nice to meet you @all

Blake:
We are doing good.

Mary | Satoshi Club:
Hi, guys! Welcome here 👍

We are also happy to e-meet you 🎉

Blake:
We are happy to have an AMA in Satoshi Club.

Mary | Satoshi Club:
We have big plans for our AMA😉 but first of all could you please introduce yourself and tell us more about Payr

Ced:
Sure.

PayrLink is a decentralized application powered by Blockchain technology that works as a decentralized third-party arbitrates transactions in a private manner from very simple and highly complex ones.
The result is a private solution and secure escrow service that renders ultimate judgements in a fast, inexpensive, reliable and decentralized way.

Mary | Satoshi Club:
These services will be available across your platform or also can be used by third parties?

Ced:
Our CEO is Maxsim Boiko Jin, who is highly motivated Founder of PayrLink with a combined experience in blockchain, which includes leadership, program and organizational development. Specialized expertise in the development of innovative DeFi and he is pushing PayrLink to the goal of next generation of Escrow

Nice question

Our escrow service will be available across our platform and also can be available by third parties

For e-shopping, market places and so on

D. | Satoshi Club:
So you are a public team, not anon?

Ced:
We are public team.

Mary | Satoshi Club:
Did you develop your project for a long time or just started?

D. | Satoshi Club:
Why did you not put your photos on the site?

Ced:
We developed our project since last year and MVP already has been released

PAYR is going to be listed on centralized exchanges like Probit, and our team already passed their KYC verification.

Blake:
We have put our LinkedIn profile and other social profiles. People can see our photo from there. 😊

Mary | Satoshi Club:
Super! But it’s almost ready to be fully relised?

Ced:
According to our roadmap, we are planning to release the full version in July

Mary | Satoshi Club:
Awesome! We will wait for news from you!

Ced:
Thanks.

Mary | Satoshi Club:
Thank you for your intro! Ready to go to the questions from our community?🚀

Blake:
We are ready!

D. | Satoshi Club:
🚀🚀🚀

Q1 from Telegram user @Highpee
Your public sale has started and it will end on 21st of June. I discovered investors will have to join sale directly from your website by connecting their metamask to the presale dApp on your page. I am always reluctant to connect my metamask and approve transactions on DApps I am not conversant with. How safe is this process and are there other alternative to buy from presale without connecting my metamask? How many token are you distrusting in your public sale and how much do you plan to raise? What is the presale price and how many $PAYR can be bought per user?

Ced:
Our public-sale on website is based on smart contract and smart contract is already audited by Solidity.finance.

We are planning to distribute 24 million PAYR via public-sale. and current public-sale price is 20% off than listing price

And everyone can buy 5 ETH worth of PAYR at max.

D. | Satoshi Club:
Are you not afraid launching your project on a bear market (some people saying we a on bear market😁)? we had AMA with projects who postponed their launches because of the current market state.

Ced:
Yeah, it was a very confusing problem.

But we wanted to go along with our roadmap and plans. and also we trusted our early contributors.

Mary | Satoshi Club:
What will you do with tokens if they won’t be sold? But of course we wish you to reach hard cap😉

Mary | Satoshi Club:
I mean with that part which won’t be sold if this will take place

Ced:
yes, our public-sale is hard-cap. and the tokens will be burnt if they won’t be sold.

Mary | Satoshi Club:
Gotcha 👍

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

Ced:
Sure

Q2 from Telegram user @SabriFR
PayrLink’s goal is to revolutionize the trust industry with decentralization, but from their point of view; Why is it necessary to revolutionize the trust industry, at present it is not relevant or can not meet the needs of users? And how would they be able to revolutionize it so that it is completely effective for users, what are the tools and strategies that they are going to implement?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Our goal is to revolutionize the crypto escrow with secure and decentralized solution.

Mary | Satoshi Club:
Welcome here 👍

What issues do you see in existing system? Why it has to be revolutionized?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Actually, since crypto transaction is irreversible, many crypto users are losing their money because of untrusted services and scams.

Ced:
According to research, number of reports in financial fraud is over 40k in Australia last year

The amount lost is over 30 million dollars.

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Here are main reasons why we are trying to revolutionize crypto escrow services.

1. Crypto Transactions are INSECURE since it is unable to refund
2. All Transactions are PUBLIC in Blockchain Network
3. Existing Escrow Services are Too CENTRALIZED

Mary | Satoshi Club:
Wow! It’s incredible number!

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
And, although blockchain technology serves as a powerful tool because of how it delivers transparency, not everyone wants their transactions and balances to be publicly viewed by everyone. PayrLink ensures that users can be afforded anonymity and privacy, all while giving them some much-needed peace of mind.

Mary | Satoshi Club:
In crypto we are losing more daily, i think, in rugpulls and hacks

Ced:
Yes, that’s right.

That’s the reason why we need the innovation in crypto escrow service and decentralized arbitration

Mary | Satoshi Club:
Yes, it has sense😀

Can you give us example from real life how you can prevent fraud?

Ced:
PayrLink recently set out a use case that illustrates how its infrastructure works. In this case, Alice is an entrepreneur in the U.S. who hires Bob, a programmer in another country. Alice ends up unsatisfied with the quality of the work that has been delivered, but Bob argues that what he produced was exactly in line with the project’s specifications. Given the sheer expense associated with international disputes of this nature, PayrLink’s infrastructure helps offer a more affordable alternative.

Jurors who are specialized in these areas have the chance to assess who they think is right, being rewarded for their efforts. Both participants in the case end up being informed by email about the outcome of the dispute, and a smart contract releases funds to that party.

Mary | Satoshi Club:
Super! Thank you for your clear answers😀

Ready to proceed?🎉

Ced:
Yeah, ready.

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Yeah

Q3 from Telegram user @JoanaZ
Considering that the main purpose of the platform is offer a secure P2P platform to users to interact with Fiat and Stablecoins, can you tell us why do you need the PAYR token? How this token fits into the ecosystem?

Ced:
PAYR is the governance token of PayrLink. PAYR holders can stake their PAYR to PayrLink escrow pools and get rewarded from PayrLink.

Intel:
PayrLink is a secure escrow platform, where people can make safer transactions of crypto currencies. People should spend very low percentage of transaction amount as a fee per transaction, and this would be our main profit source. PAYR Holders could stake their PAYR into the platform to get a part of the total profit generated by platform.
Anybody from anywhere of the world can be a juror and can take part in our disputes resolution. Jurors could get revenue by their fair judgement. The revenue source of jurors would be the disputes fee provided by dispute parties.

Mary | Satoshi Club:
They will be only able to stake PAYR on your platform or you will add farming on some platforms also?

D. | Satoshi Club:
How many percentage of total supply allocated to rewards pool?

Intel:
Our team already have completed our farming DApp, where people can stake lp tokens and get rewards in PAYR.
We are going to launch the farming app once the PAYR token is listed on Exchanges.

Mary | Satoshi Club:
Btw, which blockchain you will use?😀

Ced:
PAYR supply is not allocated to reward pool. Rewards for stakers are generated from PayrLink as transaction fees.

Ethereum mainnet.

For the future plans, we will implement our service in BSC and Solana.

Mary | Satoshi Club:
Only Ethereum or you will add more in the future?

Oh, i see😀

Thank you, guys! Do you want to add something or we can go to the next question?

Ced:
Done, thanks

Q4 from Telegram user @Ashia_24
PayrLink is similar to a digital court system, with jurors acting as judges in a real court, with ultimate rulings based on their vote contracts. Could you tell us about your Jurors? Are they qualified and experienced in judging both parties and determining who will win the case? What are the criteria for selecting jurors in your platform? How to become one of your Jurors?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Anyone can be a juror but they will be asked for strict KYC and verification process in order to work as a juror.
Our arbitration has 3 core features, reputation system, private voting, and KYC.

Mary | Satoshi Club:
How you will incentive people to become Jurors?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Once they have passed the KYC, they should stake $PAYR and our voting system will work with proof of stake.

D. | Satoshi Club:
Do they have to hodl any minimum amount of $PAYR to be a candidate?

Intel:
PayrLink takes a dispute fee when resolving each dispute.
Once a dispute is resolved, the dispute fee will be distributed to winning jurors.

Intel:
Yes, the dispute fee will be distributed in proportion to their staked PAYR amounts.

Mary | Satoshi Club:
That’s nice👏

What is minimum to hold?

Intel:
There’s no minimum amount.

The voting result is related to their staked amount.

So the less a juror staked, the less weight will be affected to the voting result.

Jurors can’t take part in the voting if they stake zero PAYR.

Mary | Satoshi Club:
Very clear answers, guys😀

Ready to go to the next question?

Intel:
Sure.

Q5 from Telegram user @Cheriemike
Overflow and underflow bugs are infamous bugs that are not just problematic in smart contracts, but also in traditional systems. We have seen most cryptocurrency project’s been stolen by hackers using phishing attacks to steal their cryptocurrencies. How does Payrlink plan to solve this blockchain security issues please kindly tell us. Thanks.

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Yes.

Ced:
Our smart contract are already audited by Solidity.finance to prevent that kinds of bugs and attacks. Our devs already implemented some guards and exceptions in the smart contracts.

D. | Satoshi Club:
Do you have plans to do audit from top-tier audit firm? like certik or slowmist?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Of course we will ask auditing to that kind of top tier audit firms soon

Mary | Satoshi Club:
May be you plan some cooperations or partnerships with insurance projects to prevent loses in case something will go wrong?

Ced:
Currently, we don’t have partnerships with insurance projects now, but will do it for the future plans.

Mary | Satoshi Club:
Gotcha 👍 Guys, are you ready to go to the 6th and last question from this part?

Blake:
Yeah

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Yes, please.

Q6 from Telegram user @orlemys
Your roadmap only offers information on your plans until July 2021. Since it seems like this app is complete and easy to use, maybe it is difficult to see how far it can go. This project can be considered a long-term one, but it still makes me curious, do you plan on releasing new features in the future? If not, does it feel like you’ve reached a dead end?

Intel:
We already announced the enhanced roadmap of 2021 as a medium article.

https://medium.com/@payrlink_official/roadmap-2021-of-payrlink-9513e4748893

We have lots of plans to improve our project this year, including launching v1.0 on both Ethereum mainnet and BSC, Creating cross-network bridge, etc.

Mary | Satoshi Club:
Oh, you will have one more pre sale on BSC😀

D. | Satoshi Club:
I can’t see any plans regarding NFTs 👀😉😄

Mary | Satoshi Club:
How is it even possible 🤣

Ced:
PayrLink doesn’t support NFTs

Since PayrLink is a DeFi project, we will implement stable coins and master coins.

D. | Satoshi Club:
Understood, thanks! what are master coins btw?

Ced:
BTC, ETH, something like these, I mean

D. | Satoshi Club:
Ohh, got it 😉

Mary | Satoshi Club:
This was awesome 😍

Part 2 — live questions from the Telegram community

Q1 from Telegram user @bindass1444
On your website, I read your white paper … My question is what’s the role of juries in payrlink platform… And can I become a jury…. And whats are the requirements for becoming a jury???

Ced:
To be a juror in PayrLink, you have to pass KYC verification on our platform. And then you have to stake your $PAYR to the decentralized arbitration center. Those are the main steps to become a juror.

Q2 from Telegram user @Karoceh
You mentioned that PayrLink ensures that users can be afforded anonymity and privacy. But how will Payr tackle the regulatory measure or/and any other tight restrictions issues? and is KYC mandatory to use Payr services?

Blake:
Anyone can use our service anywhere. They don’t need to do KYC verification. KYC is mandatory for users who want to be jurors.

Q3 from Telegram user @cryptoneco
The expansion strategy of the projects to reach more users is important. What regions are you currently focusing on geographically to attract more customers and users to PayrLink?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Our geographical target is all over the world.
Since our aims is to make PAYRLINK the world most popular and secure crypto escrow and final goal to make a reliable payment gateway, anyone can use our PAYRLINK from any way and anytime.
That is why there is no limit and specification in geographical target.

Q4 from Telegram user @NSZR1
I read that PayrLink prides itself in providing a secure service to help prevent the losses of consumers would have faced due to fraud. Could you briefly explain what features of Payrlink serve exactly this purpose? In addition, the security and privacy of the users is a very important issue, how is the ZKP able to ensure that the information of the users is not leaked?

Ced:
Since PayrLink is an escrow service with decentralized arbitration, it will resolve the disputes between buyers and sellers to prevent the losses of consumers in a fair manner. For privacy, we implement ZKP to hide the address of the recipient, so that no one can track their transactions.

Q5 from Telegram user @Arisabela
I saw that your early buyers from presale will be able to withdraw their $ PAYR after listed on uniswap, but will it be immediately after presale? Many times it takes a long time to list the token and add liquidity which generates anxiety in the buyers, do you assure that it will be fast? What other plans do you have to list your token on exchanges?

Blake:
Yes, the buyers from presale is able to withdraw their $PAYR after listing. To make listing quicker, we already contacted Probit and we are working together to list our token. IEO will be done on Probit after presale, and it will take nearly a week to list our token on Probit Exchange. At that time, we will also provide liquidity to uniswap. After this process, buyers from presale can withdraw their $PAYR.

Q6 from Telegram user @analindy1
You told your to implement your service on BSC and Solona. why do you to implement on TRx also? You said you use etherium mainnet!
firsly you use etherium ! why? what do you think about etherium and bsc bridge?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Implementing PayrLink on BSC is our plan after launching the Ethereum Mainnet, and we will implement our service to many other networks as we announced from the needs of our Escrow, including Solana, Tron, and Matic.

Q7 from Telegram user @manugotsuka
This June 23 Payr will conduct its pre-sale event so can you give us a summary about how participate on it? Do you require any special step before it?

Ced:
Here is the user guide for public-sale participants.

https://medium.com/@payrlink_official/how-to-buy-payr-public-sale-user-guide-738927d0a23c

There is no special steps for public-sale.

Q8 from Telegram user @Rosane1a88
In PayrLink disputes will be resolved by distributed Jurors all around the world, which have to be fully verified. How is that verification process and what makes it enough to know Jurors are worth the trust of both parts of a dispute?

Intel:
Here is our verification process.
Candidates who are willing to become a juror in our Arbitration Center should pass KYC verification. They are required to send their personal information like Full Name, Resident Address, Photo, Government Issued ID Card, etc. Our support team is dedicated to verifying this information and will get back to them.
Verified jurors should be unknown to communities since it could affect their fair actions on dispute resolution. If someone violet this rule, he would be removed from juror lists immediately.

Q9 from Telegram user @nadee5
PayrLink is a huge project.
How do you make popular this worldwide?What are the strategies to attract more users? especially non-english users?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Since PayrLink targets worldwide as a geographical target, we will implement multi-language features and open official communities for non-English users.
PayrLink is hiring now, and we will hire experts in marketing for non-English users.

Q10 from Telegram user @Cheriemike
What is Safemath and Re-entrancy Guard in your platform?

Intel:
Safemath and Re-entrancy are libraries to protect our Smart Contracts from those kinds of attacks.
SafeMath. Wrappers over Solidity’s arithmetic operations with added overflow checks. SafeMath restores this intuition by reverting the transaction when an operation overflows. Using this library instead of the unchecked operations eliminates an entire class of bugs, so it’s recommended to use it always.
Re-entrancy Gurad is used to protect our Smart Contract from re-entrancy attacks, the well-known vulnerabilities of Smart Contract.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Payr. 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
Payr Telegram community: https://t.me/payrlink
Twitter:  https://twitter.com/PayrOfficial/
Website: https://www.payrlink.com

PART 1. Introduction of DDEX project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about DDEX.

DDEX – Swap/Farms/Pools/DAOs designed a highly efficient mining mechanism for the liquidity providers. To ensure the value of the token, DDEX also build various using scenarios for the token together with a buyback and burning system.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @Satoshi_club

Luis Merino 🇪🇸 | Satoshi Club – @LuisMe7

The Representative of the project:

James Wong – @James_DDEX

Introduction of DDEX project.

Mary | satoshi club:

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

Luis merino 🇪🇸 | satoshi club:

Hello everyone and welcome to DDEX ama on satoshi club. We are pleased to have @James_DDEX with us. Welcome! 😄

James:

Hello everyone. Glad to be here with you😊

Mary | satoshi club:

Welcome here, James! How’s going?

James:

All good. Thanks

Mary | satoshi club:

And… Let’s start our ama 🚀 James, please, introduce yourself and tell us more about DDEX😀

James:

Sure.

I am James Wong, a Chinese Canadian, who graduated from Victoria university and the university of cape town with an MBA.

I am a serial entrepreneur and a senior bitcoin investor.

Since 2019, I have switched from the internet industry to the blockchain field, serving as a market and development strategy consultant for several projects. In the second half of 2020, our team began to plan and launch the decentralized financial project DDEX.

Luis merino 🇪🇸 | satoshi club:

Nice background, James!

James:

Thanks

Luis merino 🇪🇸 | satoshi club:

Can you also give us a brief explanation of what DDEX is?

James:

DDEX is a cross-chain decentralized transactions clearing & settlement platform, which supports better cross-chain crypto-assets circulation and management on BSC & HECO ecology, and decentralized transactions and settlement between wallets.

And the launch time of DDEX is   17. Pls remember this date friends😊

Luis merino 🇪🇸 | satoshi club:

There you are! Thank you 😄

Mary | satoshi club:

How long did you develop DDEX?

James:

Actually, we cost some months to develop and test, again and again, to give users the best user experience. Actually, it has not been confirmed. But we can try to launch a marketplace for NFT in the future.

Mary | satoshi club:

It will be fully launched or in beta version?😀

James:

Fully launched. Of course, more functions will come soon

Mary | satoshi club:

Got it😀 what about DDEX team? How many team members do you have?

James:

We have more than 20 developers in our team. And all of them have a great experience in blockchain fields.

Luis merino 🇪🇸 | satoshi club:

And do you work remotely?

James:

Yeah. Some of them work remotely.

Mary | satoshi club:

Wow, a lot of developers! Is your team fully public?

James:

Not yet. But if the community are curious, we can disclose all members later😂

Luis merino 🇪🇸 | satoshi club:

Thank you, James. Are you ready to start with community questions? 😉

James:

Sure

Preselected questions about the DDEX DeFi project.

Mary | satoshi club:

Q1 from telegram user @h1drx

There are two spaces on your platform that have not been launched, these are the marketplace and governance. The truth is that for a cryptocurrency project these two elements are essential, therefore I am interested in knowing what news and advantages both the marketplace and the governance system will have. What products will you offer to users in your marketplace? Will you launch a token that corresponds to the governance of the project?

James:

In the first version, which will be launched soon, we will provide token swap and liquidity mining, invitation mining.

We will launch more products in the future, including perpetual contracts, NFT transactions, etc.

Luis merino 🇪🇸 | satoshi club:

How does invitation mining work? 👀

James:

I will explain this mechanism later. It is our importance😁

Mary | satoshi club:

What are NFT transactions, how this feature will work?

James:

And for the governance, we have the platform governance token, named as ddx. DDEX adopts a DAO contract for its operation. All major decisions, including but not limited to:

Weight parameters of liquid mining pools, transaction fee weights, repurchase and burn weights, halving cycles, new token mining pools, etc. Will all be initiated and finalized through the DAO community. In this way, DDEX achieves true decentralization. For example, except for

The initial 11 trading pairs that will simultaneously go online with the platform, all other trading pairs will be voted and decided by DDEX’s DAO community governance.

Luis merino 🇪🇸 | satoshi club:

That’s fine 😊

Mary | satoshi club:

That’s cool! We will come back to this question back in the next questions 😀 Thank you for your answers! Do you want to add something, or we can go to the next question?👏

James:

Let’s go to the next one

Mary | satoshi club:

Q2 from telegram user @orlemys

In today’s crypto community, new projects have a lot of competition, not with established names or mainstream centralized organizations, but rather with other new projects. However, in such competitive times, I couldn’t find any vital medium of information about your project, no whitepaper, no roadmap, and simply not a place where i, as a potential investor, could figure out your project’s strongest advantages and selling points. This can, for sure, obstruct the biggest window of opportunity DDEX has to build a stable following and a community of token holders, which is the launch. So, can you tell us how you will work around this? How will you market your project so fiercely in the last 24 hours before launching, that no one will be able to pass the opportunity to invest?

James:

Actually, we have released some materials about DDEX on DDEX official Twitter https://twitter.com/DDEX_global

And I want to emphasize one thing, our online time is changed to the 17th June. For the best user experience and financial security of users, we tested and tested until perfect.

Luis merino 🇪🇸 | satoshi club:

Why these many changes of dates? Is 17th the final one?

James:

Just for the best user experience 😁

Mary | satoshi club:

Yes, but I really can’t find a whitepaper or roadmap🤗

James:

They will be released on the website. So pls wait for the launch of our platform.

Mary | satoshi club:

Sure, we will follow your updates 👏

James:

Thanks👍

Mary | satoshi club:

Thank you for your answers, James😀 ready to proceed?

James:

Yeah

Luis merino 🇪🇸 | satoshi club:

Sounds great 👏

Mary | satoshi club:

Q3 from telegram user @brainchest

Please tell us about the financial security of the funds. We users investors transfer funds to your use. In real-world finance, from the moment of use, the company is responsible and obligated to insure the finances, I think that the use of crypto funds for profit should be protected as well. Do you partner with insurance companies or foundations that will cover losses in the event of a bad situation? I was thinking, since you did an audit with Certik, maybe you would use Certikshield to secure the money?

I’m sure the question of an investment security is a high priority for many people.

James:

Yes. Finance security is always the most important thing for users. And this is why we request the audit early, even before the platform launch.

And DDEX’s development team has abundant experience in blockchain project development. The team

Members have been involved in many projects. Their experience will give full play to BSC & HECO’ s

Advantages and ensures a smooth and secure operation of DDEX in the future.

Luis merino 🇪🇸 | satoshi club:

Yes, security is very important. I agree with you

Mary | satoshi club:

Do you plan some partnerships in the field of security?

Luis merino 🇪🇸 | satoshi club:

Or do you have them already…? 🤭

James:

Of course. We will release these partnerships when we confirmed the details.

Luis merino 🇪🇸 | satoshi club:

Waiting for the announcements 🎉

Mary | satoshi club:

Cool👏

Mary | satoshi club:

Btw, can you give us link to your GitHub, please 😀

James:

For some reason, our GitHub account is being updated and migrated, and will be released in our official channel after confirmation.

James:

Thanks

Mary | satoshi club:

https://GitHub.com/BSCxdex

James:

Yeah. I just heard from our development team. I will check again with them after this ama😊

Mary | satoshi club:

Oh, sorry, but I find this in the Certik audit, provided by you in twitter😀 Is it valid?

James:

Yeah. You can see that there is another name on it. We should modify this. But no worries, the code will not be changed.

Mary | satoshi club:

Super👍 Thank you for your answers 😃 Ready to go to the next question?

James:

Yup

Mary | satoshi club:

Q4 from telegram user @ysasoma

Why did you decide to develop DDEX based on the BSC and HECO chains? It is known that both currently represent incredible opportunities for most projects, but they also represent a market with large competitors, so how does DDEX take advantage of the benefits that both offer, and how do you plan to stand out from the rest of similar projects that are also part of these chains?

James:

We chose the BSC chain and the HECO chain is mainly for multi-token exposure. BSC & HECO-based DDEX allows any hrc20 token to merge with other hrc20 tokens and thus eliminates the requirement for liquidity providers to be exposed to BSC. Liquidity providers can

Maintain a more diverse portfolio of token positions and create more potential combinations of liquidity pools for transactions.

Through high compatibility of ecological environment and the ability to trade, DDEX provides users of the entire platform with a wealth of cryptocurrency investment channels such as decentralized trading, liquidity mining, and transaction mining.

Mary | satoshi club:

Do you plan to add more blockchains?

James:

Yeah. Thinking about this now. But it will depend on our user needs.😁

Luis merino 🇪🇸 | satoshi club:

👏 Seems like users will be very powerful on your platform 😄

James:

Yeah. Sure

Luis merino 🇪🇸 | satoshi club:

And how will users take some important decisions?

Mary | satoshi club:

Btw, our next question is about DAO😃

Mary | satoshi club:

Q5 from telegram user @jonahapagu

One of the uniqueness of DDEX DAO is that there is no hierarchical structure, which means that everyone can propose an innovative idea and each proposal will be taken into account by the entire organization… but what will be the requirements for anyone who intends to partake in this governance process, and how will users be able to make proposals and when proposals are made how does your DAO system decide on this proposals.

James:

We have DAO governance to give users the right to make the most important decisions.

In DDEX’s DAO system, the DDEX platform token is used as a governance token, and the holding of the token is the only measurement of users’ voting rights and weight. Specifically, the

Ddx held by the user is counted as 1 vote, and the DDx staked is 2 votes. Ddx tokens that 

Are repurchased or staked after the voting starts will not be counted in the voting result.

DDEX DAO solves all the problems featured with the operation of modern organizations as well

As the issue of the trading platforms’ low decentralization. The complete DDEX DAO provides every token holder the opportunity to shape the organization.

Mary | satoshi club:

How many tokens does the user need to have in order to take part in governance?

James:

The specific data will be released after the platform launched.

Mary | satoshi club:

Got it! Thank you for your answers! Ready for the 6th and last question from this part 😉

James:

Yes

Mary | satoshi club:

Q6 from telegram user @meml97

One of the features will we be able to find on DDEX is “optimize temporary losses”, can you give us more information about this? How will DDEX exactly help users optimizing temporary losses and for how long will you provide this optimazation? Also, how is the process? What do users need to do in order to properly take advantage of this feature of yours?

Luis merino 🇪🇸 | satoshi club:

I like this one 👀

Mary | satoshi club:

Yes, I don’t like losses as well😂

James:

Amm is one of the most distinct characteristics of DDEX. It brings everyone’s liquidity together and

Then makes a market through the algorithm. It is essentially an algorithm-based automatic market-making service, which can provide unlimited liquidity and allow large orders. Users do not need to worry about liquidity pools being too small either. Unlike the ultra-high gas fees on the Ethereum chain (a single transaction can cost up to tens of dollars, or even hundreds of dollars), the gas utilization rate of DDEX is relatively high, so the transaction fee is as low as $0.001.

Mary | satoshi club:

So, everything will happen automatically, and users don’t have to do something special?

Luis merino 🇪🇸 | satoshi club:

I think no one does 😂

James:

The AMM mechanism in DDEX has the following characteristics:

1) high capital efficiency and low slippage

2) optimize temporary losses

3) multi-token exposure

4) transaction fee distribution

Luis merino 🇪🇸 | satoshi club:

Small fees 😎

Mary | satoshi club:

Btw, is temporary losses optimization your invention or you use third party technology?

James:

It is our invention.

Luis merino 🇪🇸 | satoshi club:

Congratulations 👏

Luis merino 🇪🇸 | satoshi club:

You are pioneers then

James:

Thanks

Mary | satoshi club:

It’s cool! We will see how it will work soon😃 So, the live part is almost here!

James:

Yeah. On June 17😊

Luis merino 🇪🇸 | satoshi club:

So, James, do you want to add anything else before part 2 starts? 😉

James:

Pls, start. I would like to answer the questions from the community 😊

PART 2.Questions about the DDEX 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 DDEX 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 @meml97

  I saw that DDEX will have a Referal Reward Program, can you share more information about it with us? How can someone invite a friend over to the platform and what do both parties get from this? What can they do with the rewards obtained from this program? Also, how many friends can a person invite and how will you verify that he/she is, indeed, inviting authentic people and not some kind of generated bots to take advantage of this reward program?

James:

The first one:
Yes. We set a referral function on DDEX to give users more income and also get more platform users.
When a user invites new users to register, he/she will receive 2% of the invitees’ mining revenue. DDEX specially designs the referral rewarding mining incentive mode. When users invite friends to contribute to liquidity to the platform, the recommender can also get a 2% mining reward. The invitee can bind the invitation relationship with one person, and the recommended invitation income can be stacked.

We will launch a Referral Rewards Ranking after DDEX.com launched. Please stay tuned!

Q – 2 from a telegram user @Ashia_24

I was reading through your medium and saw that you have a lot of information concerning DDEX’s Novel Economic Model. However, I don’t find any regarding your roadmap. I simply want to know how your projects develop right now and in the future. Do you have a strategy in mind for creating your roadmap? 

James:

So many friends are curious about our roadmap. DDEX is continuously working on improving the design and implementation, including how to attract more external assets, innovating more DeFi business models, etc. We are focusing on explore answers to these questions. All community members are welcome to actively come aboard and continuously optimize the DDEX project in concerted efforts with us.

Q – 3 from a telegram user @Indomiekuy

DDEX is a Decentralized Exchange and Cleaning Platform run by the global community providing advanced cross-chain as HECO and BSC, I hear that DDEX will do a giveaway and airdrop events for the community with a reward total of $2000 from DDEX token. Can you please explain more about this event and airdrop? What is the requirement if I want to join in that event?

James:

Yes. This airdrop is still going on. Let me find the link for you.

We are excited to announce a giveaway of 2000$ worth of DDEX tokens 🤑

DDEX is a Decentralized Exchange and Cleaning Platform run by the global community providing advanced cross-chain as HECO and BSC✨$DDX #DDEX

Check the comments section for participation rules 📝

[1/2] pic.twitter.com/a1Y5cfEFdD

— DDEX (@DDEX_Global) June 9, 2021

Q – 4 from a telegram user @tatarrama

Although DeFi is based on Decentralization, some projects are deceiving about it. What is your evidence for the decentralization of DDEX?

James:

The main advantage of DDEX comes from its complete decentralization. There are two specific manifestations for its decentralization: a transparent transaction method and an anti-censorship use method.

In DeFi’s AMM transactions, user’s assets are always stored in their own wallets, and transactions are achieved through the interaction of contracts, rather than the traditional top-up &
withdrawal methods. In this way, it avoids problems such as fraudulency and theft that are common to centralized trading platforms.

The anti-censorship consists of the anti-censorship of users’ identities and transaction pools.
Users can conduct transactions without KYC, and the opening of the transaction pool does not need to be reviewed. A large number of new tokens can be circulated by setting up the transaction pool. Therefore, users can participate, or purchase potential project tokens in the early stage to obtain high returns.

Q – 5 from a telegram user @chanduvai124

I wanted to follow your project for the long term. Where i can get all the latest news about your project? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/Twitter groups?

James:

Thanks for your attention. Here are some official links you can follow:
Twitter: https://twitter.com/DDEX_Global
Telegram: https://t.me/DDEX_Global
Medium: https://medium.com/@DDEX_Global

Q – 6 from a telegram user @Amila19932

Which wallets are supported for DDEX? Are Trustwallet and Metamask supported to connect to DDEX? Because most users are using these wallets.

James:

You can use the most wallets to trade and mine.

Q – 7 from a telegram user @Pratze

So you just announced that DDX is the only token from the DDEX platform, could you teach me what is the way to get $DDX token? So is there any seed/presale? Will $DDX token list on other CEX/DEX?

James:

You can buy DDX on DDEX after it launches. And on DDEX platform, there are many ways to earn DDX token.

1. Liquidity mining
DDEX holders can participate in the liquidity mining of DDEX. In the first cycle period of mining, the daily mining output is 1.2 million, and the weekly output is reduced by 3% each time. The annual mining amounts to 225 million DDEX tokens.

And the weight of the DDEX/USDT trading pair is double of other trading pairs.

For newly launched token projects, the project party will provide a 30-day DDEX reward quota and launch them in the innovative trading sector.

2. AMM transaction
We will receive 2.5‰ as Transaction fees, of which 1‰ is to return to liquidity providers and 1.4‰ to repurchase and destruct.

In addition, you can also join DAO community mining, trading mining, invitation mining to get more DDX token.

Q – 8 from a telegram user @Manugotsuka

Right now your list of tokens is very little ( and that understandable, because you’re just beginning), but I watched that there exist tokens that are called: AAA,BBB,CCC,DDD. so can you tell us what are they? They are test tokens or something?

James:

We have our token list schedule already. the following is the first tokens to list:

We will list more tokens later. And pls make sure you will join the heading mining on June 17.

Q – 9 from a telegram user @messilolz

Why have you choosen your project name DDEX? What is the main motivation behind your project? do you have any story to share?

James:

DDEX means DAO Decentralized Exchange. And this is our platform position

Q -10 from a telegram user @NAZMP2

The partnership is one of the most important aspects of a project’s success.

So, do you plan to collaborate on large programs in the near future?

James:

Yes. We will have more partners in the future to help us expand the market. We will announce this partnership in our official channel, please continue to pay attention to us. https://twitter.com/DDEX_Global

Part 3 – Quiz about project

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

Telegram group  | Medium |  Tweeter  |  Website  

We are pleased to announce our next AMA on June 15th 2021 at 03:00 PM UTC Time: Satoshi Club x SafeHaven

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

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

Part 3: 300$ – A quiz about SafeHaven

For more details:
SafeHaven Website – safehaven.finance
SafeHaven Telegram – @Safehavendefi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on June 14th 2021 at 01:00 PM UTC Time: Satoshi Club x DDEX

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

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

Part 3: 300$ – A quiz about DDEX

For more details:
DDEX Website – ddex.com
DDEX Telegram – @DDEX_Global
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Raptor Finance, a token for hodlers that like to help the fight against climate change. The AMA took place on June 10 and our guests were Miguel Cortez and Ismail.

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

---

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

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

Mister I: Hello and thank you for having us. Busy busy busy 🙂 but I like that, no problem I booked enough time for this one.

Mary | Satoshi Club: For the beginning, please, introduce yourself and tell us more about Raptor.

Gold Rocket | Satoshi Club: Thanks again for joining guys! Let’s start! Introduce yourself please. How did you get to be involved in crypto & Raptor? Tell us please about your position Raptor?

Mister I: So my name is Ismail and my partner is Miguel. I am from The Netherlands and Miguel is from Canada, we both started the project together. In my normal life I am a Finance development manager and Miguel is a developer. I am 36 and Miguel is 27. I myself joined crypto in 2017 and Miguel join in 2010 so both long in the game so to say. This is our first project together. We are both open persons and you can always join our TG and ask about our backgrounds in more details.

Miguel Cortez Raptor: Shortly after I first learned about bitcoin! Very long time.

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

Mary | Satoshi Club: So, you guys are enough experienced in crypto to start your own project and that’s awesome!

Miguel Cortez Raptor: Most definitely, I’ve been around for a long time. Since I was 16 years old, I’ve watched the cryptocurrency world evolve, I’ve been here for many ups and downs though the markets, the thoughts of mass adoption and the subsequent denial by the masses, we’re here to change the world, as crypto intended.

Mister I: To build a platform that is green and different. We want to change the crypto industry by running our future platforms on green energy and we want to make our RaptorSwap and Blockchain different than the others out there to be unique.

Gold Rocket | Satoshi Club: Tell us about the benefits of your platform. How is it different from others?

Mister I: As mentioned already we run on green servers hosted in the UK. Next to that we are building a DEX platform called RaptorSwap and it will have a normal swap but also it will be a DEX with a CEX view and features.

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

Mister I: We have a big team actually but the core team are on our website actually and all have their different roles. We have Ilija for security, Rinor for Social media, Rob to run communities, Kyle and Romain to run graphics and content and our personal Mexican singer who is our Marketing VP.

Gold Rocket | Satoshi Club: Where is your office located?        

Mister I: We do not have an office because we are globally everywhere. We do home office.

Q1 from Telegram user @Einsteinyl  

You said that Raptor is a decentralized exchange but with centralized exchange trading option. Actually its make me confuse and I can’t imagine how its work, how it’s possible to combine DEX and CEX into one? can you please explain how the process to place buy and sell order? What other feature that Raptor have inside your exchange?

Miguel Cortez Raptor: In order for us to achieve this, we will have specialized smart contracts, and a dApp in which you interact with them in a non-custodial manner, when you submit a buy or sell order, your order will go on chain, to our smart contract, be saved immutably on chain, and when the conditions are met, your order will execute. Doing so will allow us to essentially build all of the amazing Centralized Exchange features that everyone is familiar with, and brings value to the industry. Only we will be able to provide it completely decentralized and free from regulation. Using Web3 and Specialized smart contracts in short is how we plan to achieve this.

Mister I: Specially for this AMA we share this snapshot of the first design. We changed things already a bit but it is shared to give you an idea. There will be more boxes on the top. The right box will have 3 Tabs. One Swap, one buy/sell and the 3rd is a secret ;). On the bottom you will also have 3 tabs with Transactions, open orders, order history.

Next to that we will build more functions over time of course.

Mary | Satoshi Club: Will you have any KYC verification on your platform?

Miguel Cortez Raptor: Absolutely not, we are powered by web3. This allows us to allow you, and everyone who uses our platform to interact with anything Raptor as nothing but a hash, as it was intended to be.

Mary | Satoshi Club:  Night and day modes?

Mister I: No only night mode. Night mode takes less energy actually so we keep it to that.

Miguel Cortez Raptor: We do not want to know who you are, we believe at our core, that privacy is a basic human right.

Mary | Satoshi Club: Btw, which languages will you have?

Mister I: We will build in more languages over time of course and currently working on adding Mandarin language to our website. We will add as many as possible because we are a global project.

Q2 from Telegram user @Highpee

Your Project was not originally known as Raptor. Initially, you started as a meme coin known as PhilosoRaptor before you hardfork your contract and rebrand to become Raptor Finance. Why did you decide to move a different way from being a meme project despite the popularity and hype surrounding meme projects presently? How was the migration from PhilosoRaptor token to Raptor new contract done because some users are still confused as to whether their old PhilosoRaptor token is still valid in the current Raptor Finance token contract? Which aspect of your project roadmap is affected by this change and how will this switch allow you to add more value to the Raptor Finance ecosystem?

Mister I: Yes, we did start as a meme coin but saw more long term protentional in changing our name and going away from the meme (shitcoin) status. We want to be a serious project and also our community advised us to do it. This made us change the meme image. Next to that we wanted to do more than only be a meme coin.

Mary | Satoshi Club: What about smart contracts? Were they changed?                      

Mister I: We started putting our heads and funds together and saw the potentials in our project and build this new roadmap. For that we needed to do a hard fork. Sadly, we renounced the ownership of the previous contract so we couldn’t do anything with that anymore and it will run for ever. We announced it everywhere but sadly some people made still the mistake. We refunded many people actually in the first two weeks from our own money because we understood the mistakes that people made. Yes, we changed it completely actually. Now we have staking, lottery already running which wouldn’t be possible with the old contract, never easy to do a hard fork actually but it turned out alright.

Mary | Satoshi Club: That’s great! And what about security? Is your platform safe? Did you pass any audits?

Mister I: We have not done any audits because we wait until July. We know our current contract is safe because we looked at it and also other people with smart contract knowledge. We wait until July because we will launch RaptorSwap. RaptorSwap will be audited then together with our smart contract to ensure the safety of our users, it will be audited by a third party audit company of course.

Q3 from Telegram user @meml97

I read on your Twitter account that at the beginning of June, Raptor Finance already planted 2,000 trees, can you tell us more about this achievement? With what OGN did you work with for this? Where did you exactly planted those trees? Will you have your own spaces designated for that and other climate change activities or will work at different places from all around the world? Also, how regularly will these activities against climate change occur?

Miguel Cortez Raptor: We are currently working with Ecologi, we have a business package with them to offset our entire businesses and all of our team members’ climate impact. With the we get a Raptor Forest as we’ve named it to plants trees in. https://ecologi.com/raptorfinance You can view our forest via this link. We currently have 2 different planting areas, one in Changalane, Mozambique and one in Marotaola, Madagascar. Currently we are able to plant trees in any of the forests sponsored by Ecologi, until we branch out into other tree planting operations of course, we do have our own spaces dedicated in both forests currently. We currently as a team, make climate change actions daily, weekly and monthly. Daily we donate trees and pickup garbage, weekly we drive initiatives in our local communities to pick up garbage and recyclables. and monthly we make sure to offset more carbon than we use via Ecologi. We are planning to expand our planet changing operations as we grow to each corner of the world, another reason we believe heavily in decentralization it allows us to bring our planet changing ideas, and products to every corner of the planet. We make sure these activities take place regularly.

Gold Rocket | Satoshi Club: Will it be possible someday to walk through this Raptor forest?

Mister I: Yes, when everything goes well we plan to have 100k trees planted by the end of this year! By the end of 2022 1m trees is the target! Our own Raptor Forrest! Yes, when everything goes well we plan to have 100k trees planted by the end of this year! By the end of 2022 1m trees is the target! Our own Raptor Forrest!

Mary | Satoshi Club: Wow, that’s super! Why you decided to plant trees? Do you have any story behind this decision?

Mister I: Well first of all I love them and secondly they eat Co2 and release oxygen, but that is not the only thing we will do. Main goal is to donate in research and projects that can help prevent climate change with technology.

We believe that currently we need something special to help our planet and that can only be done with new technology and we want to donate to such projects that can really have an impact. Example a project that cleans up the ocean from micro plastics with nanobots.

Miguel Cortez Raptor: Trees are one of the most important parts of nature, I’m from a part of Canada where we have vast expanses of forests that are untouched by people. I’ve travelled to some places where there is nothing but steel and concrete. Deforestation is one of the largest threats to our climate, and to nature as a whole. By planting trees, we are able to replace what our species takes for granted. I walk outside and I see trees, most of the world walks outside and they don’t get to enjoy that, and unfortunately we spend an awful lot of effort destroying the beautiful forests and jungles we aim to save.

Q4 from Telegram User @yellowchamp

According to your website that you will have an upcoming feature such as farming in the future which generate new tokens. With this, you can keep your total supply balanced. So, is this token will be considering as an additional supply of your token current supply? How will you generate new tokens through farming with Raptors? While generating new tokens in your platform, do you also plan to burn some of it? With this additional tokens that will earn from farming, what impacts will it bring to Raptor Finance network? How it will affect the price of your token? Thank you.

Miguel Cortez Raptor: For our specialized farming, when we generate a new token, for you to farm with Raptor it will be a supplemental token, have its own farm, staking pools, lp pool, and

breeding grounds. We are planning to release several more dino themed tokens, of which will be a part of a specialized farming system.  This farming system will feature new tokens, new features, and a specialized fee pool structure to reward users across the entire farming ecosystem.

Each farm will have a new supplemental token. Each farm will have a breeding grounds where you can stake and deposit LP tokens to earn more of that token. Raptor Farm will have a specialized “feeding grounds” where you will be able to deposit your specialized dino tokens from our other farms, “feed” them to your Raptors and earn Raptor Eggs.

These Fed tokens will be burnt directly from their respective token supplies, the supplemental farms will have fees associated which are used to buy back and burn Raptor Tokens, thus continuously increasing the price and controlling emissions which is the biggest problem right now with DeFi Farming. Our Raptor Nests, is where you take your Raptor Eggs after you’ve fed your Raptors some dino food.

At the Raptor Nest, you deposit your Raptor Eggs into our special one of a kind Incubator, there is a breakdown of every transaction fee and a large portion of each fee goes here. It is a specialized pool where you earn rewards based on your share of the “eggs” in the “incubator”. Each user will be able to partake and benefit from the entire Raptor farming ecosystem.

Gold Rocket | Satoshi Club: Share with us please your tokenomics btw.

Miguel Cortez Raptor: We have currently planned:

4 specialized Breeding Farms each will bring new fees, revenue generation, planet saving donations, and fun new tokens and features. Each farm will have fee structures setup to buy back and burn Raptor Token, the token associated with the farm, and donate to the planet!

Using our fee structure and outlying fee usages, we are able to keep Raptor deflationary, and control emissions while still being able to reward users with fun, safe DeFi farming.

More information is of course available upon request via our communication channels!

Mary | Satoshi Club: Wow! Very interesting system! Btw, didn’t you think to join NFT movement? I think Raptor NFTs will look cool.

Mister I: We started with 1Q tokens (coming from the meme coin) and burned 53% We have a 7% transaction fee currently.

The NFT platform will have of course a Dino theme and will be something really fun.

Yes, we plan to have a NFT platform actually in Q4 this year.

Mary | Satoshi Club: Awesome! But I won’t ask a lot about this, we will also have live part, so users will definitely have questions.

Q5 from Telegram User @andrey_seleznov

‍Hi Raptor! ‍

I have a question about the Raptor Lottery. I read on the website that this is a simple, non-custodial proof-of-work random number generation lottery for Raptor. Users have the chance to win Raptor tokens by buying tickets with Raptor tokens. Do users need to mine tokens in order to participate? I am not sure why it is a proof-of-work lottery, isn’t it a proof-of-stake lottery since users need Raptor tokens to participate? Thank you!

Miguel Cortez Raptor: No absolutely not, it is built upon the principles of Proof-of-Work. It is not a true proof-of-work functionality. What this means is that we use the basis of PoW, which is completely and provably fair to generate lottery results. What PoW is, is a way to generate truth, and realness while staying immutable and uncheatable. When you buy a ticket, it acts in function as if you are mining a block. When you mine a block you generate a hash, when you buy a ticket you generate a hash. Hashes have a real, and immutable numerical equivalent value, making a hash a “ticket number” in a theoretical sense. Once a week the contract in a literal sense makes a transaction of the Jackpot to the address hash, who is attached to the lowest numerical valued randomly generated hash, just as Proof of Work Mining.

Mary | Satoshi Club: Which crypto I can use to buy a ticket?

Miguel Cortez Raptor: This allows us to achieve on chain randomness that cannot be cheated. A one of its kind achievement, as we do not need an oracle to randomly generate a number. We essentially use Proof of Work, as a concept, and apply our logic to it with a specialized smart contract to bring together PoW RNG and Immutability in a fun way. You are able to use Raptor Token currently, although we are able to develop lotteries for any token at all on the Binance Smart Chain, and any other EVM compatible chain as well once we have interpolation with more than BSC.

Mister I: Raptor only currently but we will build many more lotteries actually. We will have BUSD, USDT and BNB coming as well. Plus, also different prices for tickets and different times. So one daily, weekly and monthly for example.

Mary | Satoshi Club: Which prizes users can win? What was the biggest?

Mister I: this week was the second draw actually and I think it was something like 2.4k actually now.

Miguel Cortez Raptor: Currently the winner takes the jackpot, it is non-custodial and decentralized so you receive it automatically from the contract itself.

Mister I: But that will grow when our holders grow of course.

Mary | Satoshi Club: Very nice! And btw, how many participants to win the prize?

Mister I: winner takes all currently.

Q6 from Telegram User @victorogb

I have really tried to come to terms with the seemingly popular actions of most deflationary projects; having a very large amount of initial token supply (most times in the hundred trillions) only to burn more than half of them. Unfortunately, Raptor followed same approach burning 53% of its 1 quadrillion tokens, with possibilities of carrying out more burns in the future. Therefore, what is the rationale behind Raptor’s token burn activities, and how would Raptor seek for a more sustainable way to better manage and limit activities that might breed inflationary tendencies of the Raptor token, which might encourage more token burn actions?

Miguel Cortez Raptor: We followed suite before we made our rebranding from a Meme coin, since than we have developed plans for our farming ecosystem, our buyback and burn schedule from the fees associated with our RaptorSwap and its usage. We are moving away from our massive initial supply, as we do offer things meme coins don’t like farming, and staking, and our eventual NFT ecosystem.

Mary | Satoshi Club: So, do you plan more burns?

Miguel Cortez Raptor: Yes, we don’t have anything set in stone, but there is a possibility of more burns.

Miguel Cortez Raptor: Our farms, and that entire ecosystem have a built in buy back and burn structure. So those will exist indefinitely. These are the basis of not allowing emissions from staking and farming rewards to destroy the value of Raptor.

---

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram user @andrey_seleznov

I saw an interesting milestone in your roadmap, in Q2 Raptor was performing a server migration to a green server hosting company. Could you share the details with us please? Has the migration been completed successfully by now? Interesting to learn what hosting company you have found to be green and how they achieve it, do they use only wind/solar to power the server farm? Thank you for staying true to your green initiatives Raptors!

Miguel Cortez Raptor: Hello! Yes we completed the migration to completely green energy hosting several weeks ago, we are using a company called Kualo, what they do is they use wind farms that are 100% certified by E.ON and Ofgem. They provide 100% of Raptors hosting needs in 100% renewable energy!

Q2 from Telegram user @EscobarPBL

Nowadays there are a huge amount of rug pulls, what are you going to do against them? pcs are full of them?

Mister I: Yes, on our platform new token owners can host their liquidity. We will build in RaptorSwap a feature that these owners cannot directly pull out their liquidity. When they do it will be locked for 24 hours and notifications will pop up on our website with a warning that this token is pulling out liquidity and people can take out their money if they wish. Like this we want to tackle a part of the rug pulls.

Q3 from Telegram user @Xusuo

Could you please mention here about what are the utility from your Raptor token? what is the incentives or rewards that your community will get by hodl Raptor token?

Mister I: Currently we have staking active with 5% APY. Tomorrow on Whitebit there will be locked staking announced with different packages. There you can buy currently Raptors and you can then stake for 3 different times. Later with Farming as already explained you can earn more.

Q4 from Telegram user @tatarrama

While reviewing your roadmap, raptorswap caught my attention. Why would we need RAPTORSWAP when there are so many swap alternatives? Could you tell us about Raptorswap’s features such as transaction fee and ease of use?

Mister I: Hi we will have different features as mentioned like a chart, buy/sell orders and many more actually which other swap sites don’t have. Also the fees will be Similar then the other swap sites but part of our fees will be donated to help prevent climate change.

Q5 from Telegram user @Jonahapagu

one of the main challenges Raptor intends to solve is the fact that the crypto industry is not sustainable and green enough, this is one of the reasons why Tesla recently stopped receiving Bitcoin payments… I’m interested in knowing how you intend to resolve this issue from your own end, how will raptor ensure that mining of cryptocurrencies has little to no environmental effect considering the enormous amount of energy required, what plans do you have to ensure sufficient supply of green energy that can be used to mine Cryptocurrencies…

Miguel Cortez Raptor: Hello! What we can’t do is change how any other cryptocurrency works, we are not here to solve the Bitcoin/Litecoin/Dogecoin/AnyotherCoin energy crisis. What we are here to do is solve the cryptocurrency energy crisis going forward. By developing a hybrid PoW/PoS chain, that runs off of completely self-sufficient and self-reliant 100% off grid and renewable energy powered validating nodes, we are able to deliver a PoW/PoS decentralized network that does not effect the environment. We are able to create a clean blockchain, that instead of destroying the planet network fees go towards saving it and it leaves no messy impact behind. We use a specialized system of network communication, solar, wind, water power generation, and recycled hardware stacks to bring this to reality.

Q6 from Telegram user @Derazy

Hundreds of Finance platform appears at the space include Raptor Finance. This is good choice for users’ experience for sure. However, could you determine why we should rather choose Raptor? Thanks.

Mister I: Well not only because we will only be the first green swap and friendly for our environment but also we will have trading features. There will be some already at release but we have many more lined up to come and we will keep updating to ensure comfort trading for our users. We really want to have a Decentralized Exchange where you have the functions of normal exchanges where you need to do KYC. We don’t want that because we believe in privacy.

Q7 from Telegram user @alptrader

You said there is no need for KYC on your dex but what is the daily trading limit on your dex?

Miguel Cortez Raptor: There will be no daily trading limits, we do not believe in regulation, we believe that privacy, free market, and freedom are core human rights. We do not want to control you, limit you, regulate you, or try and know you in any other way than the bare means of connectivity and interaction with our products. We are non KYC verified, do not care for AML regulation, have no centralized team or office, and will never try to stop you from being free.

Q8 from Telegram user @Antonmedan13

tons of projects that promise miracles but never release a working product or prove any revenue, In a short / long release time. Is your system like this? If not, could you please tell us, what makes it different from other projects?

Mister I: We have a budget for of all for it. This is mainly the problem in other projects. To help build RaptorSwap we hired actually a whole team of developers next to our developers to make sure we are done on time. We also always did what we promised so far to the community. Like building the staking platform and lottery which are now up and running.

Q9 from Telegram user @messilolz

How do you get funds to plant 100k trees by the end of year? what are the costs estimated and what is your revenue source for it?

Miguel Cortez Raptor: I foresee us planting more than 100k trees by the end of the year, currently we have been planting trees out of pocket and our community has been planting trees in our forest as well. Our forest is easily accessible. We have no qualms on spending money planting trees that came from our own pockets, this is a part of who we are not just a marketing gimmick. We will fund the trees ourselves in short.

Q10 from Telegram user @Chinthaka93

I think that you have a dinosor in your logo, Am I right? If yes, what’s is the reason to choose that kind of logo? What is the relationship?

Mister I: The reason we changed it was because we wanted to have it connected to Blockchain. RaptorChain will be our product. Our own decentralized blockchain and that is why we changed it.

---

PART 3, QUIZ AND INFO

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

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

• English Telegram group: https://t.me/Satoshi_club
• Russian Telegram group: https://t.me/satoshi_club_ru
• Spanish Telegram group: https://t.me/satoshi_club_spanish
• Telegram Channel: https://t.me/satoshi_club_channel
• Website: https://esatoshi.club/
• Twitter: https://twitter.com/esatoshiclub 

Our Partners:

• Telegram: https://t.me/PhilosoRaptorToken
• Website: https://raptr.finance
• Linktree: https://linktr.ee/RaptorFinance
• Price Chat: t.me/raptorprice
• Bogged Chart⚡️: https://bit.ly/3gs5Mt3