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 Tinville and our guest was @Doctordock, @Outis_Los, and @jlpz88 – representatives of Tinville. The AMA took place on 5th of June.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Gold Rocket | Satoshi
Club:
Hello again, dear Satoshi Club community! We are pleased to announce AMA with
Tinville.
Andrés M. | Satoshi
Club:
Let’s give a warm welcome to our guests:
@Doctordock
@Outis_Los
@jlpz88
Alex (Will never DM first): Hey everyone 😁👍
Jeff L | will never
DM first:
Hello everyone!
Gold Rocket | Satoshi
Club:
Hello and welcome to Satoshi Club, @Doctordock @Outis_Los @jlpz88!
Andrés M. | Satoshi
Club:
Welcome to Satoshi Club guys, how is going your day?😁
Outis || will not DM
first:
Hi everyone day is good great to be on
🙂
Alex (Will never DM
first):
Thank you for your time . Its been a really busy day. We have announced that
our first IDO is launching in the next 6 days. So exciting stuff😁
Jeff L | will never
DM first:
Thank you guys for having us. Day is going great,
Andrés M. | Satoshi Club: Happy to know it!
Gold Rocket | Satoshi Club: We are very glad to conducting AMA with Tinville!
Let’s start! Introduce yourself, please. How did you get to be involved in crypto & Tinville?
Alex (Will never DM first): Great to be here.
So i will start.
Alex (Will never DM first): I have been in the crypto scene for the past 3 years. I became involved in Tinville project through my best friend who is developer. When he pitched the idea to me. Of a place where crypto enthusiasts and non-coiners could invest their money safely. I wanted to be involved.
Gold Rocket | Satoshi Club: Sounds good👍
Alex (Will never DM first): Thanks
Jeff L | will never
DM first:
Hello my name is Jeff, I’ve been in the crypto space since 2017. I came on
board with Tinville project thru a good friend of mines as a Media manager and
once I heard what Tinville was all about I knew I had to be part of this great
team!
Gold Rocket | Satoshi Club: Great path to the team👍
Outis || will not DM
first:
Hey Guys, been in this space for a while now and introduced by my brother and
when i started just like many other enthusiasts
I became hooked loving it!
Gold Rocket | Satoshi
Club:
Also we would like to know about your team. Who is on the project team core?
Like we all are here😃 cryptans 😉
Outis || will not DM first: 😎
Andrés M. | Satoshi
Club:
In a nutshell, what is Tinville?
Gold Rocket | Satoshi
Club:
Yes! What is the essence of Tinville?
Alex (Will never DM first): Basically we aiming to be a one stop shop for defi
Gold Rocket | Satoshi Club: Well … sounds promising.
Outis || will not DM
first:
The industry refers to the cryptocurrency industry. The network part refers to
us and our network and partnerships that have been built within the DeFi scene.
Village is the community that we have and will look to serve and build.
Our objective is to be your one-stop shop for decentralized
finance and create an ecosystem with TinV as the governance token.
TinV is a deflationary token with a 5% redistribution
mechanism. This redistribution works out to be 2% to holders, 2% to liquidity
floor, and 1% burn.
Allowing governance token holders to be rewarded by holding,
whilst promoting organic growth. We aim for TinVille to be an experienced
investors’ dream whilst bringing ease and clarity to a new investor
Gold Rocket | Satoshi
Club:
How long does it take to develop a project? What plans do you have for the
future? And what can we expect from Tinville?
Great answer! Thank you! 👏
Alex (Will never DM first): On our website, there is the roadmap which lays out all our plans. we are currently ahead of schedule by two months
Alex (Will never DM
first):
As we have already launched our farm
Gold Rocket | Satoshi Club: Please share this with Satoshi Clubbers🙏
Alex (Will never DM first): Ok one sec.
Gold Rocket | Satoshi Club: Excellent result👍
Outis || will not DM first: We have also started a launch pad which is currently about to launch our first IDO. Which focuses on low cap projects. We are currently working on marketing within our own cities. As our team is from Australia, England and the United States of America we have a broad reach around the globe and will be looking to market within our own areas to gain adoption outside of the crypto space.
Andrés M. | Satoshi Club: After that we will proceed with our community questions. Thank you so much for the introduction.
Gold Rocket | Satoshi
Club:
Thanks for the introduction, we will have a question selected for the Part 1.
ready to start?
Gold Rocket | Satoshi Club: Thanks for sharing!
Alex (Will never DM first): No thank you.
So our next major milestone will be vaults and borrowing and lending protocols
Outis || will not DM first: 🚀🚀🚀
Gold Rocket | Satoshi Club: 😎 awesome!
Andrés M. | Satoshi Club: Passive income platform, we had several questions about it on the website😁
Well, let’s continue.
Q1 from Telegram User @doithay1617 Tinville Launchpad is one of the main products of Tinville, can you introduce some outstanding features of Tinville Launchpad to the Satoshi Club community? Why did Tinville Launchpad choose fundraising on the Binance Smart Chain instead of Ethereum or Polygon,…? I see Tinville Launchpad has 4 level tier for users: Silver, Platinum, Gold, Diamond! Why should users join these 4 levels? And what are the conditions for users to join it?
Outis || will not DM
first:
We decided to choose Binance Smart Chain because first and foremost we considered
Binance the most suitable for our community. Our team took into consideration
our target market that were not only people within the space of Defi already,
but also the new investor looking to get involved in crypto. Before our launch
on TinV it was considered one of the fastest growing ecosystems with low gas
fees. Launching on Binance also would have many benefits considering the
barrier to entry into a project like TinVille is more affordable to most people
in crypto and quite user friendly if people could be directed on how each part
of our ecosystem functions.
The different levels provide different benefits such as guaranteed allocations to BSC gems such as our first IDO COVID Crypto
More can be seen on our social media pages and please be sure to join announcements for what each tier offers
Gold Rocket | Satoshi
Club:
Thank you very much for your answers and for sharing.😊
Alex (Will never DM
first):
You will need to Hold TinV our governance token to qualify for Ido . Tinvs can
also be used to purchase extra tickets dependant on your tier 😁😁
Outis || will not DM first: My Pleasure 🙂
Andrés M. | Satoshi Club: So, what will be benefits for long term holders?
Outis || will not DM
first:
Where to start hehe..
TinV is our governance token and by holding the token you will receive a lot of rewards through the ecosystem in all the protocols we will be launching in the near and distant future. Giving an investor the power to vote in developments, proposals and protocols within the ecosystem.
Aside from being the governance token, TinV will have strong
use cases in all of our protocols that we are developing and releasing this
consistently. For example in the farming protocol already live and the
launchpad being released next week. By simply holding native tokens of TinV and
TinVs will allow holders to have an ability to get into upcoming BSC gems and
participate in all new and upcoming projects
Gold Rocket | Satoshi
Club:
By the way, share your tokenomics.
Outis || will not DM
first:
There are also many other benefits such as on-chain voting so each person
investing gets to choose what they want token burn
We want everyone involved in every step we make
Andrés M. | Satoshi Club: Mass adoption😁
Gold Rocket | Satoshi Club: It’s a wise decision👏
Alex (Will never DM first): Ok one second here is a short YouTube video
Andrés M. | Satoshi Club: A great reason to invest, thanks for the detailed info
Outis || will not DM
first:
This video has simplified things for those not bothered to read our tokenomics
Gold Rocket | Satoshi
Club:
Nice video 👍 thanks for sharing😊
Outis || will not DM
first:
Every transaction there will be a 5% redistribution with TinV and they are done
as follows:
As part of the tokenomics, it also has a 2% redistribution directly into an
ownerless liquidity pool. This will slowly create a more and more stable price.
As for increasing in value, TinV is the core and main token of our ecosystem.
The way the team views it is TinV is the gold within our village. It is
treasured and hard to come by. All of our other native tokens are important but
are not quite the gold of the ecosystem.
TinV itself will have a use case within every single protocol we release. No
matter how many protocols we release TinV will always have more and more use
cases added to its list. We are less than a month old and already it has
multiple use cases.
Andrés M. | Satoshi
Club:
Great answers guys, I think the question was completely covered, ready for the
second one?🥳
Jeff L | will never
DM first:
We’re ready.
Q2 from Telegram User @cryptofollower Tinville released the first IDO application forms for COVID Crypto recently. The IDO form is now closed. How was the registration phase, how many people registered for your first IDO application and how many tokens people need to hold in order to to be accepted for the IDO? Also why did you choose to do it with a Google Form? As a launchpad project, wouldn’t be better to do the IDO application with your website?
Outis || will not DM
first:
We had overwhelmingly alot of responses to the whitelisting of for our first
IDO with an opportunity forpeople to enter through our tiers. I cannot give the
exact number of responses but can say less than 80 were fortunate enough to be
whitelisted and will reap benefits of holding our native tokens and
participating in the sale
Just like everything else we do at Tinville usually goes through a communitty vote and in this instance we seen it was in best interest for our fellow Tinville Villagers
Alex (Will never DM
first):
The marketcap is only 33k for our first Ido . So even people who buy on launch
gurenteed great returns
we are currently working on a staking feature for launchpad
on website too😁👍
Gold Rocket | Satoshi Club: Thanks a lot for the answers! we are very happy for the 80 lucky ones from white list 😉
Alex (Will never DM
first):
Google doc forms are used by majority of presale platforms
Gold Rocket | Satoshi Club: This is a fair way i think😊
We would like to know more about it😊
Andrés M. | Satoshi
Club:
Btw, currently how can we buy TinV token?
Jeff L | will never DM first: Tinv token is purchased via pancakeswap. We have a tutorial video on how to purchase via pancakeswap for those who might not know how to.
Also on our website, there is a pancake logo top right that will take you directly to it as well.
Alex (Will never DM first): So one of the drawbacks of idos is that investing in them. your tokens sit there doing nothing. As TINV get the redistribution rewards and u can use them on the farm also . To gain further rewards. So on top of all that we are gonna build in another staking option so you can grow your wealth. while being eligible for idos.
Gold Rocket | Satoshi
Club:
@jlpz88 I really like that you have prepared guides for all occasions of your
user😁
Alex (Will never DM first): We do this at every step . so that average people can understand what’s involved
Jeff L | will never DM first: Thank you, our goal is to make it easy for anyone to join Tinville.
Alex (Will never DM
first):
I think this is the key thing that separates us from other projects. we take
the time to help the beginners in crypto
Outis || will not DM first: Yes a great concept which allows people to have an opportunity to earn passively and also choose
Outis || will not DM
first:
from a wide range of LP pairs as well as single staking
Alex (Will never DM
first):
We look to grow our tutorial videos over time please check out our YouTube
channel for help and tips .😁😁
Gold Rocket | Satoshi
Club:
You rock guys👍
Andrés M. | Satoshi Club: Thanks guys.
Andrés M. | Satoshi Club: Let’s proceed with the next question.
Q3 from Telegram User @orlemys Your partnership now includes GoldFarm, Ice Cream Swap, and Money Time. This I believe must be exciting news for everyone involved in your project. However, can you tell me what exactly is the mutual benefit this provides long-term? What innovative features/activities are you planning together? How does this help your users/token holders?
Outis || will not DM
first:
Everyone partnership we develop is strategically designed for the overall
benefit of the Tinville ecosystem
We are excited but at the same time have been working tirelessly behind the scenes months prior to public announcements of current and future partnerships. There is benefits in many way such as increasing the scalability of our farming and increasing holdings as well as awareness to the gem we are to the community. A deflationary token with multiple use cases partenred up with some of the best projects on BSC.
Alex (Will never DM first): On our farms we are in the process of launching additional pools of our partners native tokens. They also give us exposure to big groups. Like one who has over 500k holders atm. so we are actively looking at the future.
Andrés M. | Satoshi
Club:
Do you have more partnerships in plans?
Alex (Will never DM
first):
We do we have 3 more partnerships ready to go 😁😁
Gold Rocket | Satoshi Club: It really opens up great prospects!👏👏👏
Alex (Will never DM first): Like anything in life networking and exposure is key for project to thrive 😁👍
Outis || will not DM first: 🙈
Jeff L | will never DM first: Thank you 🙏🏽
Andrés M. | Satoshi
Club:
Tinville has incredible features guys, would you like to add something before
the next question?
Gold Rocket | Satoshi
Club:
Thanks a lot guys!
Alex (Will never DM first): Just we have many more use cases coming that we have not announced here today. including one potential massive use case that is being worked on. thats could change how people pay for things in the real world. 😁😁👍
Outis || will not DM first: Thank you!! Think we are good to proceed.
Alex (Will never DM first): That’s all I can say for now 😁😁
Outis || will not DM first: Yes exciting want to share more
Q4 from Telegram User @yellowchamp One of the good feature of Tinville Launchpad is Fairness,in which you want to give projects the platform to launch their projects on whilst giving your investors and community the opportunity to be part of something from the ground up! Your initial focus will be on delivering low marketcap projects. So with low marketcap projects,what will be the positive benefits that it will bring to your investors and to community? To give your investors and community fair opportunity to your launchpad,how do you make deal with them? Do you consider small investors in your launchpad especially to those who are just beginners in crypto? How will your platform prevent from big whale to take advantage in your launchpad? Thank you
Outis || will not DM
first:
Great question to ask but we have taken into consideration every type of
investor so that whales could be involved without having so much of an effect
on the average retail investor. We have picked low market cap gems because they
will give participants involved alot more room to grow with the project. We
also want people to make money and low market cap gems is the best way to make
that happen. We make sure everyone is somewhat capped to the amount of preseale
allocation they receive so that everyone receives a fair chance
Alex (Will never DM first): For me the Fairness aspect all started when we released our governance token TinV. The presale price was 0.5$ and it listed for 1$ . The allo was 250$ . We also had anti whale protection on launch. We did this to ensure the little guys could get into the project at a reasonable price. While also protecting those who didn’t get into presale.The minimum tier of ido is 500 TinV . so those orginal investors who didn’t sell qualify for ido.
Outis || will not DM first: Perfect example of track record of looking after the retail investors
Andrés M. | Satoshi Club: Good point.
Alex (Will never DM first): We are always looking out for everyone in the community. The little and the big fish.
Andrés M. | Satoshi Club: Do you try to protect the investor of high volatility?
Outis || will not DM first: Certainly, we all have been victims of rug pulls and all so decided to create an ecosystem that we could comfortably get our loved ones involved in also
Outis || will not DM first: Crypto is to be adopted by the masses and can only be done when ecosystems like TinV our creating an even playing field for all to participate in.
Gold Rocket | Satoshi Club: Yes, each of us has experienced this to a greater or lesser extent. 😜
Alex (Will never DM first): By limiting number of winners this makes it fairer on those investing early who didn’t get into presale and also is capped .we are also employing anti whale protection on launch.
again to protect people
Outis || will not DM first: Part of the journey right 😔.. but not everyone has to go through that
Andrés M. | Satoshi Club: That’s great, giving options to each kind of investors
Alex (Will never DM first): Yes
Gold Rocket | Satoshi
Club:
By the way, if we talk about security. Have you done an audit?
Alex (Will never DM first): Yes haze if done our audit
and liquidity is locked on uni crypt
Gold Rocket | Satoshi
Club:
And what are the results?
Alex (Will never DM first): No major or minor vulnerabilities
Andrés M. | Satoshi
Club:
Everything safu?😁
Alex (Will never DM first): I will post audit here.
Ownerless contract too.
Gold Rocket | Satoshi Club: Can you share with us 😉
Alex (Will never DM first): Yes.
Andrés M. | Satoshi
Club:
5th question is knocking the door, ready guys?😃
Outis || will not DM first: Just wanted to add to what my comrade said not only has our code had an audit but we were also given suggestions on how to strengthen the code to help prevent someone maliciously acting on it. Our governance token was cleared to have 0 major, medium or minor code vulnerability. Our farming token is currently being worked on by the same crypto security company. On top of that, we have a third party completing an audit on our farms also
Alex (Will never DM first): Yes please see audit below.
Andrés M. | Satoshi Club: Thanks for share it.
Alex (Will never DM first): We are doxxed too 😁😁
Outis || will not DM first: 💯
Q5 from Telegram User @nadee5 First of all thank you very much for such simple explained whitepaper.It’s just like an interesting guide for any crypto newbies.In your whitepaper I found, The Tinville token is one of the most modern technologically and advanced cryptocurrency token systems that can be used around the world.Faster transactions, Decentralized system,lower fees, Stability are the strengths of TINV token. But,I couldn’t find the governance system of TinVille .How can TINV token holder participate for the governance of Tinville as a decentralized project ?can you please tell us the benefits of being a TINV token holder?
Andrés M. | Satoshi Club: Let’s check it Satoshiclubbers
Outis || will not DM
first:
TinV is our governance token and by holding the token you will receive a lot of
rewards through the ecosystem in all the protocols we will be launching in the
near and distant future. Giving an investor the power to vote in developments,
proposals and protocols within the ecosystem.
Your say is implemented through an on chain voting system which counts your vote based on the amount of TinV you hold. We have had one successful vote already where the community decided to burn almost 17% of the total supply which in turn redistributed almost $13,000 to our holders
Aside from being the governance token, TinV will have strong use cases in all of our protocols that we are developing and releasing this year. For example in the farming protocol already live and the launchpad being released next week. By simply holding native tokens of TinV and TinVs will allow holders to have an ability to get into upcoming BSC gems such as COVID Crypto
Alex (Will never DM first): We also had vote for which pools people wanted on the farm.
we reduced supply from 750k to now 630k. we plan future burns aswell along with community votes 👍👍
You have to be a Tinv holder to vote as we will check ur wallet to ensure you are eligible. 😁😁
Gold Rocket | Satoshi Club: Excellent results👏👏👏
Alex (Will never DM first): Thanks people love a burn lol🔥🔥🔥
Andrés M. | Satoshi Club: No matter the quantity of tokens?
Outis || will not DM first: Ahaha yes we follow what the voters want a true democracy in the crypto space
Andrés M. | Satoshi Club: Haha that’s excellent guys, whales don’t should disturb little investors.
Alex (Will never DM first): The more tokens you have the more say you have in the future of the project. However due to fair launch we don’t have holders , that have obscene amounts of supply. therefore dictating direction of votes.
We love whales too . but we want everyone having a say 😁
Outis || will not DM first: And also to mention limited supply of TinV
Andrés M. | Satoshi
Club:
Sure, we all can win, working together as a real community😁
Alex (Will never DM first): Yes that’s the goal😁👍
Andrés M. | Satoshi
Club:
Thank you guys for the clear and detailed explanation. Let’s proceed with the
final question of this part of the AMA
Gold Rocket | Satoshi Club: And a very fair system👍
Q6 from Telegram User @Jonahapagu One of the services of Tinville is that it will serve as an Incubator for new projects, as an incubator for new projects what kinds of services will you offer new projects on your platform and what kinds of support or help will you offer new cryptocurrency projects from Prelaunch stage to launch and even post launch stages of the project…
Alex (Will never DM
first):
👍
I’m glad you ask this.
On top of ensuring the project is legitimate. We look at the smart contract of the project for vulnerabilities and fix them. Once that is done we provide exposure and marketing for the project. We also advise them on the marketing front , after the launch of our ido. As ultimately their success will bring more investors to our platform.
Outis || will not DM
first:
Definitely and vice versa strategic partnerships with mutual benefits
Gold Rocket | Satoshi
Club:
Yes! you are absolutely right! this is the position win win 👍
Alex (Will never DM
first):
Passing on our experience is key
Andrés M. | Satoshi Club: Are you severe with this field?
Gold Rocket | Satoshi
Club:
Do you already have good examples of this?
Outis || will not DM
first:
Many examples such as tying projects to real world cases and long term visions
to stay in this space. Our vetting process is thorough only interested in
projected that we can see a mutual benefit in ecosystems
Gold Rocket | Satoshi
Club:
Thanks a lot guys! it was an incredible part of AMA!
Andrés M. | Satoshi
Club:
First part of the AMA has concluded guys, thank you very much for your detailed
answers and your kind attitude. Now is time of the live segment of the AMA, our
community members want to interact directly with you.😁🥳
Alex (Will never DM
first):
For example with this current IDO we advised a lower mcap to lure investors. As
many of us been in all the major launchpads , paid, duck, polkastarter trust
swap, the list goes on . We use our experience of these launchpads . To ensure
our launchpad can be a successful one
Alex (Will never DM first): Thank you!
Part 2 — live questions from the Telegram community
Q1 from Telegram user @K2ice How will TinV create an even playing field for all participants without paying much attention to whales alone?
Alex (Will never DM first): We started this by adding in our anti whale protection on launch of our governance token. Every stage of the eco system gets the same treatment at first to ensure small players can establish postions too before whales pump up the price.
Q2 from Telegram user @obulin Wish you a great success in the upcoming launcpad 🔥
In the part 1 segment of AMA @Outis_Los sir highlighted that
‘By simply holding native tokens of TinV and TinVs will allow holders to have an ability to get into upcoming BSC gems and participate in all new and upcoming projects’
I’m bit confused here, What are the differences between Tinv and Tinvs and should i need to hold both Tinv and Tinvs to get allocation in launchpad?
Outis || will not DM first: Thankyou very much wishing you the best also sir! The differences between TINVS and TinV are as follows: First of all they are our two native tokens and have two different functions.
TinV is the governance token to the ecosystem and holding it grants you voting power via the on-chain snapshot voting system. The tokenomics of TinV also rewards holders via frictionless yield farming (your amount will increase slowly just by holding onto the token). The third benefit to TinV is holding certain amounts of it will grant you access to low mcap projects being launched from The Industry Network Launchpad.
TinVs is our daily passive income platform which stands for Tinville silver which is our farming and ‘currency token’. It is used for farming rewards and also has a secondary use case that allows you to ‘spend’ TinVs to boost your entries into the launchpad IDO whitelist if you are in the bottom two tiers.
Q3 from Telegram user @Eminet001 Are you in support of STAKING AND FARMING also NFTs?
Alex (Will never DM first): Without saying too much we have a partnership to announce with a established player in the field. We also have ex warner bros contact . Who is an expert in the field. Who we are planning to do a collaboration with
Outis || will not DM first: Yes participants in our ecosystem are able to stake and farm with pairs and single staking. Might have a NFT launchpad very soon also 😉.. We support anything voters would like and what we se as crucial to the overall developement of Defi.
Q4 from Telegram user @Smartling You said your goal is to make it easy for anyone to join Tinville. Does this also include non-crypto users and crypto newbies?
Outis || will not DM first: Yes we have made it incredibly easy with the noobs also by offering videos that offer a step by step guide from buying crypto right through to investing in the space.
Q5 from Telegram user @Chinthaka93 I have seen that you have some team experts according to your website, Do you have any plans to increase your project team, as ambassadors or any positions?
Alex (Will never DM first): We are increasing the team all the time.We have bought 2 more devs and marketing experts in the project in last 2 weeks alone.
Q6 from Telegram user @potentialsake For your launchpad are you going to list all the project that would want to do IDO with you or will you eliminate the bad ones or scammers?
Jeff L | will never DM first: We have criteria’s that need to be met. We don’t want to just list any project. We want ensure that community is safe and benefits from upcoming IDO’s.
Q7 from Telegram user @orlemys What is the next big step for your project?
Alex (Will never DM first): Our next major step is vaults and borrowing and lending protocols.
Q8 from Telegram user @nitrogenpower Do you have plan to launch a farm on your ecosystem? What will be the highest APR there?
Alex (Will never DM first): We have already launched our farm 2 months ahead of schedule. Please check it out 😁
Q9 from Telegram user @nadee5 You said you have started LAUNCHPAD focuses on ” low cap projects” Why are Low cap projects? special reason?
Outis || will not DM first: Yes that is correct that comes down to the teams understanding of the need for low market cap gems which alot of people will be able to reap the benefits of. Low market caps have alot of room for growth and therefore more beneficial to a holder especially if projects have long term aspirations to stay and have a position in Defi.
Q10 from Telegram user @MaxiVV I read that “Every transaction that happens with your token, holders will be rewarded”, How does it work this kind of rewards system? Are there some special requirements in the transactions like amount? Or it it literally for any transaction?
Jeff L | will never DM first: So there is a 5 percent tax for every transaction. 2 percent gets distributed to all holders, 1 percent burnt and 2 percent liquidity locking to help build floor price.
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Pink Panda Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Pink Panda
For more details:
Pink Panda Website – pinkpanda.finance
Pink Panda Telegram – @PinkPandaDefi
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 FootBallSport and our
guest was the founder of the FootBallSport project, @FootballSportfounder. The AMA took place on 8
June.
The
AMA session was divided into 3 parts with a total crypto reward pool of 500$
In
this AMA Recap, we will try to summarise the most interesting points for you.
Part
1 — introduction and questions from the Telegram community
Gold
Rocket | Satoshi Club: Hello, dear Satoshi Club
community! We are pleased to announce AMA with FootBallSport.
Andrés
M. | Satoshi Club: Today our guest is
@FootballSportfounder. Welcome to Satoshi Club.
Matthew
Morris _founder FootBallSport: Hi evereryone!!!!
Gold
Rocket | Satoshi Club: Hello and welcome to Satoshi Club,
@FootballSportfounder!
Andrés
M. | Satoshi Club: How are you Matthew?😃
Matthew
Morris _founder FootBallSport: Im doing great!!!!
so excited to be here
!!!
Gold
Rocket | Satoshi Club: Let’s start!⚽️
Introduce yourself
please. How did you get to be involved in crypto & FootBallSport?
Tell us please about
your position FootBallSport?
Matthew
Morris _founder FootBallSport: Sure, I’m Matthew
Morris, currently living in Cyprus, the founder of the FootBallSport project.
We have a team with 10 years of industry experience who have worked on many
significant projects.
Andrés
M. | Satoshi Club: What is the essence of Football Sport?
Matthew
Morris _founder FootBallSport: FootBallSport project
is the first sports, casino, game, jackpot betting platform on the Ethereum
network. We bring this billion-dollar industry into the Defi decentralized
space to upgrade and improve the inadequacies of liquidity, safety, and
customer information like the traditional way!
Football Sport – The
Future of Betting Industry Defi
done
Andrés
M. | Satoshi Club: That’s great, a unique project. Btw,
why did you choose ethereum network? Which benefits it brings you?
Gold
Rocket | Satoshi Club: Also we would like to know about
your team. Who is on the project team core?
Matthew
Morris _founder FootBallSport: Our team members come
from many countries: UK, Australia, Singapore… Our team has extensive
experience in the gambling industry in large companies. After we noticed the
defects in the liquidity, deposit, and withdrawal features, so we decided to
build the project on Defi space, overcome the current disadvantages to develop
in the market.
Gold
Rocket | Satoshi Club: Well, flexibility in a volatile
crypto world is a very good property for a project. 😊
Matthew
Morris _founder FootBallSport: yes
Gold
Rocket | Satoshi Club: Thanks for the introduction, we
will have a question selected for the Part 1. ready to start?
Matthew
Morris _founder FootBallSport: let’s Start!
Q1 from Telegram User
@meml97
I
read that one of the things FootballSport Finance is planning to do, is
releasing a series of NFT games, can you tell ya more about this? How many
games do you plan to have on your platform and what will they be about? What
will the relationship between the games and NFTs be? And will such NFTs be
useful in other areas of the platform, for example on the casino, or as part of
bets?
Matthew
Morris _founder FootBallSport: When we entered the
cryptocurrency market, we did many market research in the last 1 year. The NFT
trend is very explosive right now. We are game founders. We always capture
market trends to create attractive, trending games. We will have a series of
NFT games coming out, including sports games. We will announce the launch of
these NFT games in line with our schedule in Q3 of this year. Follow our
channel for updates!
done
Gold
Rocket | Satoshi Club: Quite right! This is the top topic
today👍
Andrés
M. | Satoshi Club: Do you have some NFTs designed?
Gold
Rocket | Satoshi Club: Thank you very much for your
answer! Give us some hints. will such NFTs be useful in other areas of the
platform, for example on the casino, or as part of bets?
Matthew
Morris _founder FootBallSport: We are currently focusing
on launching our first betting platform.
Andrés
M. | Satoshi Club: What kind of sport bets your platform
supports? Football, basketball, videogames?
Matthew
Morris _founder FootBallSport: Of course, our
products are all related to the betting platform. you can use all our products
to bet, make a profit
Gold
Rocket | Satoshi Club: Thank you very much for the
clarification. ready for the next question? ⚽️
Andrés
M. | Satoshi Club: Great features for users, sounds highly
interesting.
Matthew
Morris _founder FootBallSport: yes!
Q2 from Telegram User
@lzamg
The
casino industry is one of the biggest sources of entertainment in the world,
but it also has a bad reputation because of the lack of transparency. So I
would like to know, is FootBallSport completely transparent about all the
betting games, results and rewards? Are your users always aware of the whole
process of betting?
Matthew
Morris _founder FootBallSport: Of course, every
industry has its bad and good sides, but some rules are the industry norm; we
can’t break them. We will do everything we can to make everyone feel safe and
transparent! Please be assured about
that
done
Andrés
M. | Satoshi Club: Security is so important for the users,
have you audited your contracts to assure the funds are safe?
Matthew
Morris _founder FootBallSport: We have been through 2
audits of the 2 most reputable audit platforms in the market : Solidity and
Solid. So we are confident our project legit!
FootBallSport tokens
are used for trading and liquidity on the betting services of FootBallSport and
our industry partners
Gold
Rocket | Satoshi Club: Who are your main competitors and
partners? 😉 ⚽️
In your opinion
Matthew
Morris _founder FootBallSport: Currently we have no
competitors. Our partners are all partners in the betting industry. ^^
Gold
Rocket | Satoshi Club: Thanks for sharing! And thank you
very much for taking care of this.👏👏👏
Andrés
M. | Satoshi Club: Who are your most important partners?
Matthew
Morris _founder FootBallSport: The EBET, WIN WIN
,EVOLUTION… they are all our important partners
Gold
Rocket | Satoshi Club: Thanks! Ready for the next question?
Matthew
Morris _founder FootBallSport: yes
Q3 from Telegram User
@orlemys
Footballsport
will build its ecosystem on the Ethereum network. However, this may come with a
handful of difficulties, like gas and scalability issues. Can you tell us how
you plan to deal with this, while still attracting users to your platform?
Gold
Rocket | Satoshi Club: famous names👍
Andrés
M. | Satoshi Club: Ebet one of my favorites😁
Matthew
Morris _founder FootBallSport: We have considered
quite a lot about choosing a network for the betting industry. The system’s
security and safety are the priority, so we decided to develop on the Ethereum
network. Regarding the transaction fee for our customers, we will have a bonus
when depositing to compensate for the high transaction fee!
done
Andrés
M. | Satoshi Club: Oh that’s a great strategy👏
But, do you plan to
have a bridge with other chains like BSC in the near future?
Matthew
Morris _founder FootBallSport: After our system goes
into stable operation, we will develop on other networks on Defi space
Gold
Rocket | Satoshi Club: Thank you very much for your
answers! ready for the next question? 🎰
Matthew
Morris _founder FootBallSport: Surely!
Q4 from Telegram User
@yellowchamp
In
FootBall Sport Finance roadmap,I see that every quarter you will have a plan to
increase your token in which in 2nd quarter of 2021 you stated that 70% of the
company profit for UEFA EURO 2021 are allocated to the token appreciation fund
used to buy back tokens in the market and burn and in 3rd quarter you plan to
increase token through 40% of the quarterly monthly profit will be allocated to
the token appreciation fund,buy and burn tokens on the market and in 4th
quarter you plan to increase thru 25% of the quarterly monthly profit will be
allocated to the token price increase fund buy and burn tokens on the market.
So,do you think this plan will have a good result especially to increase the
value of your token in the market even in bear market? So,can you tell us more
about the token appreciation fund and the token price increase fund that you
have in your platform? Since,your roadmap is until Q4 2021,is this token price
increase plan will continue until next year and so on? Thank you
Matthew
Morris _founder FootBallSport: We are a
billion-dollar entertainment industry with huge profits compared to all
industries. It is not affected by the cryptocurrency market, so we confidently
say we will discount profit to promote token value all the time and every time.
Andrés
M. | Satoshi Club: Thanks for share it, please tell us
about your token, how is the tokenomics? The token amount distribution
Gold
Rocket | Satoshi Club; By the way, the design of your
website is very attractive😍
Matthew
Morris _founder FootBallSport:
here you are!
thank you sooo
much!!!!!
Andrés
M. | Satoshi Club: Great news are coming for June 10 I see😁
Matthew
Morris _founder FootBallSport: Yes! Coming in 2 days!
Gold
Rocket | Satoshi Club: Thank you so much for sharing!
Yes, a big event is coming very soon🙏
Andrés
M. | Satoshi Club: Time to proceed with the next question,
would you like to add something before?
Matthew
Morris _founder FootBallSport: just go ahead
Q5 from Telegram User
@andrey_seleznov
⚽️Hi
Footballsport! ⚽️
I
see the Pool section on your website that is educated to Premier Sale and
Public Sale events. Can you tell us why you decided to launch on your platform
instead of going through a big launchpad to get more public exposure and
kickstart the user base that way? What will be the requirements to join your
presale, will it be open to all in a FCFS format or a whitelisted event for the
lucky few? Thank you!
Matthew
Morris _founder FootBallSport: Our industry has its
own rules. We develop independently on our platform, so we decide to sell on
our website!
Gold
Rocket | Satoshi Club: Well! it really makes sense👌
Matthew
Morris _founder FootBallSport: we want everyone to be
able to join our project, so no need for whitelist.. Just need to visit our
Website: https://footballsport.finance/
Gold
Rocket | Satoshi Club: Thanks for answers! Ready for the
next question? 😀
Matthew
Morris _founder FootBallSport: yep
Q6 from Telegram User
@johana0012
pioneering
service cryptocurrencies bet on the Defi platform. No need to use cash; all transactions occur through criptomonedas
with extreme safety. What’s true they
are the bookmaker with the best reputation and extremely high fees? What are the game offered at
FootballSport? What strategy should
implement to get rich quickly?
Matthew
Morris _founder FootBallSport: We integrate all
existing betting types: sport, casino, game, jackpot…. on our platform! Our
token holders can join all our services, and we will offer tiers, membership
cards with token holding levels from low to high. Each tier will have
advantages. A special offer is a refund policy when there is a loss for
holders! We also propose more incentives for our token holders to hold our
tokens for a long time, such as profit-sharing from the project’s revenue…..
please join us to enjoy the incentives very special from FootBallSport
done
Andrés
M. | Satoshi Club: A
lot of benefits for holders, great job thinking on your investors😃👍
Gold
Rocket | Satoshi Club: Great answer! thanks
Andrés
M. | Satoshi Club: Well @FootBallSportfounder, thank you
so much for your clear answers. Now get ready to interact with our dear
community in the live segment.
Part
2 — live questions from the Telegram community
Q1 from telegram username @Denybela
projects have been scammed. Why should I trust
FootBallSport? how do you convince me?
Matthew Morris _founder FootBallSport: As pioneers in this field, we bring a reputable,
quality, and safe playground to the cryptocurrency investor’s community. So
that you can safely participate with the top matches, and the feeling of
victory is overwhelming. Operating the system on the Defi decentralized
platform ensures absolute safety and information security for customers. Unlike
before, users have to register for an account and deposit and withdraw money
through a manual intermediary payment gateway; all your information and data
are public on the system. With us, you only need a cryptocurrency wallet, and
connect the wallet to the platform. Then make staking transactions that
guarantee the absolute security of customers’ information
Our products are all
real, highly profitable products. Besides, we will have a large budget to help
the token increase in price.
Q2 from telegram username @captainprice111
Betting models have high profit margins. Will you
continue to burn coins based on the rate of increase in the price of your
FootBallSport Token?
Matthew Morris _founder FootBallSport: Football sport is also a provider of payment and
liquidity in the betting market. Profits from our betting models will be
deducted at least 25% for token development and token redemption on the
internet market and burn. The larger the profit, the faster the token burn
rate. You know the gambling industry’s profits are very high; we believe the
token will increase in price every day because of that.
Q3 from telegram username @ubina09
Can you share a useful link about your project to stay updated in
your amazing Project
What is your plan to plant communities in sevaral
countries so as create more awareness about FootballSport and also how many do
you plan to reach this year?
Matthew Morris _founder FootBallSport: Currently, we built many agents and offices in many
countries to promote the image of the platform to the community. We are
confident that with the characteristics and profits of the industry
We have a strong
marketing team in many countries, with a betting background marketing is the
main factor because currently, we are establishing communities in countries
with representative offices to expand agents in Asia, Europe, and Australia. We
are confident that it will explode powerfully shortly and become top in Defi
Q5 from telegram username @highpee
Hello Matthew 🎰⚽️
I can see that you are having two sales: PREMIER
SALE and PUBLIC SALE and both of them will end by June 15. What is are the
differences between the two sale? And which of them is open to general
investors to participate in? Do users have to PRE-APPLY for this?
Matthew Morris _founder FootBallSport:
Our presale is divided
into 2 rounds: Premier Sale and Public Sale.
we are currently
fundraising to build the platform. You can join us right from the premier sale
to have the opportunity to own tokens at the lowest price
FootBallSport is the
first football betting , casino service on the Ethereum network.
Premier Sale:
📅 Start Date :8:00AM UTC JUN 10
📅 End Date :
8:00 AM UTC JUN 15
Public Sale:
📅 Start Date
:11:00AM UTC JUN 15
📅 End Date :
11:00 AM UTC JUN 20
Q6 from telegram username @arboledae
What privileges will the investor who decides to
join this project have?
Matthew Morris _founder FootBallSport: As our token holders, we will offer tiers on a
tiered levels. Those who qualify for a tier , if you losing bet will have a standard refund
policy, depending on the tier that you hold! so it would be best if you owned a
lot of our tokens to enjoy our many preferential policies
Q7 from telegram username @esrarengizbtc
⚛️ The
Ethereum network is good in many ways as there are many great caps here. It is
more reliable than other Chains.
Why did you choose us the ETHERIUM network and do
you have future plans for integration with other Chains
Matthew Morris _founder FootBallSport: The Ethereum network is one of the strongest
blockchains, it has the best security with the majority of large-cap projects
being developed over the years, and a huge community. FootBallSport aims to
continue to apply the Ethereum ecosystem to develop and bring to the crypto
community the most exciting and attractive betting playground! After the
project goes into stable development, we will continue to develop to other
networks like Bsc, Matic, Solana
Q8 from telegram username @adaatalay
What are FootBallSport’s plans for the near future?
What has he accomplished since the beginning?
Matthew Morris _founder FootBallSport: 2 to the 5-year goal, we will become the leading
liquidity provider for the gambling industry, we will list major exchanges and
bring token capitalization to tens of billions of dollars.
We have the ambition to
become the most significant betting and payment platform in the Defi ecosystem.
With the advantage of the industry with huge profits, we believe that we will
be leading in the Defi space.
Q9 from telegram username @Hkelare
Audit is important for both trust and security? Have
you done any audit of your project
Matthew Morris _founder FootBallSport: We have been through 2 audits of the 2 most
reputable audit platforms in the market : Solidity and Solid. So we are
confident our project legit!
FootBallSport tokens
are used for trading and liquidity on the betting services of FootBallSport and
our industry partners
Q10 from telegram username @Homeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Lately most projects on the Crytocurrency space are
characterized by serious security issues. What steps have taken to ensure that
security is not an issue here?
Matthew Morris _founder FootBallSport: The gambling industry has been around for a very
long time. It is the most profitable of the current industries, so our project
is actual, and our product is directly profitable hourly, daily, unlike other
projects. The project only draws an illusory future route
Part 3 – Quiz Results
As usual, for the third
part, Satoshi Club Team asked the chat 4 questions about the crypto project. A
link to a Quiz form was sent into the chat.
For
more information and future AMAs, join our Social Media channels:
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 Kine and our guest was founder
and the CEO of kine protocol @lei_kine. The AMA took place on 8 June.
The
AMA session was divided into 3 parts with a total crypto reward pool of 500$
In
this AMA Recap, we will try to summarise the most interesting points for you.
Part
1 — introduction and questions from the Telegram community
Mary
| Satoshi Club: Hello
Satoshi Club! We are happy to announce our AMA session with Kine!
Welcome to Satoshi Club😀
Lei
Wang: hi all, thanks Satoshi Club for the invitation, my
great pleasure to share about Kine protocol here
Mary
| Satoshi Club: Hello, Lei!
D.
| Satoshi Club: 👍 happy to have you here!
Mary
| Satoshi Club: We are happy to see you here today 👏
Let’s start our AMA 🚀
Lei, could you please tell us about your role at
Kine
And of course, please, introduce Kine to our
community!
D.
| Satoshi Club: nice way to start AMA 👀👍
Lei
Wang: I am the founder and the CEO of kine protocol.
Before building Kine protocol I was heading huobi’s institutional business and
prior to that I worked in several major
investment banks heading the derivative trading technology in London and
Singapore, most of the team has started working with me since then
Mary
| Satoshi Club: How long are you in crypto? What are
its advantages 😄
Lei
Wang: We are a bunch of engineers who loves trading, many
are excellent traders, during our crypto trading, we are not satisfied with
current trading environment, we identified a lot of issues affects our trading
experience and we talk about potential solutions all the time, eventually
instead of waiting for a perfect platform to come to existence, we decided to
build one for ourselves and everybody who loves trading. Especially with the
raise of defi, the timing is perfect for us to do so. It took us 6 months of
hard work to build Kine, our dream derivative trading market
D.
| Satoshi Club: so Kine is your first project in crypto
as a CEO?
Lei
Wang: yes, correct
Kine is a defi protocol you can trade derivatives in
a fast, transparent, and effortless way. It offers unlimited liquidity, up to
100x leverage, immediate execution, 0 slippage, 0 gas fee with cross margin
support, extremely low latency with high throughput that is comparable with any
cefi derivative markets. It brings user defi level of asset security,
transparency, annomasity and cefi level of efficiency and low cost
Mary
| Satoshi Club: And it’s awesome, that you decided to
build something based on your experience!
Lei
Wang: yes, few veruy lucky doing what I love
D.
| Satoshi Club: nice! 0 gas fee is especially very cool
😊👍
Lei
Wang: we are now the number 1 defi derivitive protocol on
ehthrum in volume, today’s 24 hour volme is 75m$
Mary
| Satoshi Club: Why not 100x leverage?😉
D.
| Satoshi Club: because i don’t use leverage trading 😄
super! 🙌
Mary
| Satoshi Club: Incredible numbers!
When Kine went live?
Lei
Wang: over 5000 active trading user today!
26th March, only less than 3 months ago
Mary
| Satoshi Club: And so many active traders! It means
everything works very good!
How many liquidations?😄
Lei
Wang: yes, and we are launching on bsc this thursday
let me check from live dashboard
D.
| Satoshi Club: 👏👏👏 so it will
boost amount of traders on your exchange for sure
Lei
Wang: 150 today, not a great day for crypto
Mary
| Satoshi Club: Oh, it’s also awesome! May be it’s time
for us @Cool_as_Ice to try leverage trading?😂
Lei
Wang: I belive so, just did a ama with 1 of the largest
bsc community this moring
Mary
| Satoshi Club: Yes, that’s true
D.
| Satoshi Club: maybe 😁
Lei
Wang: you should, it’s fun as long as you know how to
manage risk, I dont recommand beginners to use high leverage though, keep it
under 5X is my suggestion
Mary
| Satoshi Club: Congratulations! Sure it wi be a big
day for Kine and BSC!
D.
| Satoshi Club: 👍 thanks for suggestion, we
will keep in mind
Lei
Wang: thx
Mary
| Satoshi Club: Yes, i also think so, and to be honest
want to try leverage trading 😉
Thank you, Lei for your introduction! Do you want to
add something or we can dive deeper into the details with the questions from
our community?
Lei
Wang: it helps capital efficiency, many abritrager uses
it to hedge their spot risk
please go ahead
Q1
from Telegram user @Jonahapagu
KINE
Exchange is implementing on its platform a peer-to-pool model, this model has
been used by other projects such as Synthetix and Compound finance, but KINE Exchange
is said to be implementing a more improved version of this model, so how does
KINE exchange implement the peer-to-pool model on its platform, and what are
the features and improvements that KINE is implementing in this Model when
compared to implementation of the model in other Platforms..
Lei
Wang: sure 1. Kine accepts a wider range of pledged
assets, almost all major crypto assets (now major bsc asset as well) can be
used for collateral, which expand our user group to much wider audiance
2. Kine can support higher leverage and higher
frequency derivatives trading, synthetix not yet support leverage I believe
Lei
Wang: 3. most importantly we solve the biggest issue of
the current defi derivative space, the high gas fee and latency by combining on
chain staking, clearing and settlement and off chain trading engine
Mary
| Satoshi Club: Where can we find the full list of
accepted assets?😄
Lei
Wang: on etherum:
wbtc, eth, usdt, usdc and ofc kine
on bsc: BNB, BTCB, ETH, LTC, XRP
and BCH
D.
| Satoshi Club: do you not support DAI? quite popular
asset as well
Mary
| Satoshi Club: Yes, that’s real issue! So, it’s really
0?
Lei
Wang: 4. 1 more, Kine developed a high-performance oracle
to realize real-time pricing feed to solve the user loss caused by the
front-run. I believe front-run and toxic flow are the biggest issue with
synthetix atm, due to the oracle latency, we built our high efficiency oracle
with millisecond level latency, no room for front-runners
good suggestion, I think it’s in the plan in next
batch bucket
D.
| Satoshi Club: nice! yeah front-running is the problem
on eth
Lei
Wang: yes, absolutely 0 gas fee
Mary
| Satoshi Club ; I am yours 😄
Thank you for your answers, Lei! Are you ready for
the next question?
Lei
Wang: that is why we can accumulate 1.7 billion trading
volume in last 2.5 months, nobody wants to pay gas for high frequency
derivative trading
yes
Q2
from Telegram user @meml97
It
caught my attention that Kine will have a “Multiplied Staking Rewards System,
where staking rewards are comprised of both trading fees from Kine Exchange and
token distributions from the Kine Ecosystem Grant”. Can you tell us more about
this reward system and how does it exactly work? Also, what is this Kine
Ecosystem Grant? How can users get tokens from it?
Lei
Wang: sure, most asset can get doubly rewarded, and kine
can get tripply rewarded, here is how it works
take eth as example, you can stake your wbtc
providing liquidity, here you dont need a pair just whatever single asset you
have, the APY is about 40%, then you can mint kusd with the asset you staked.
you can use your kusd for either leveraged trading, but if you are not a big
fun of trading, you can proivde liquidity in kusd/usdt or kusd/kine pool, and
get close to 130% APY, so the total APY for eth is over 200% on bsc
for kine holders, you can first lock your kine to
share 20% of the transaction fee and get xkine( similar to xsushi) the apy is
about 30%, then stake the xkine for staking reward (another 40%), then provide
kusd-kine liquidity for the 130% reward
D.
| Satoshi Club: all assets on your exchange a
stackable? so i can stake wbtc, eth and stablecoins?
Lei
Wang: that’s correct
D.
| Satoshi Club: that’s cool!
Mary
| Satoshi Club: Btw, how many transaction fees do you
collect daily?
Lei
Wang: the ecosystem grant is the treasury reserved for
community and who contributes in the ecosystem, by providing liquidity and
trading, to get kine from trading, you only need to trade $1000 a day ($1
transaction fee) to get 2.7 kine token
today $22,174
Mary
| Satoshi Club: Super! Pretty high number!
Lei
Wang: 50% of this goes to liquidity provider, 20% goes to
kine holder locking, and 10% goes to trading volume reward
D.
| Satoshi Club: big thank you for answers! ready for
the next question? 😉
Lei
Wang: we use it to buyback kine from the market and
distribute kine to contributors
the buyback from transaction fee holds token price
solid
sure
Q3
from Telegram user @Cheriemike
I
noticed that Kine uses a Hybrid model of on-chain and off-chain settlement that
it accept gas fees for staking and marginal transfers and it does not accept
activities done on trading.Building a Hybrid Model won’t be easy can you please
tell us the challenges you faced while developing such project?
D.
| Satoshi Club: so you use distribution model and not
burning? some other projects prefer buyback and burn
Lei
Wang: it’s very
challenging thing to do, we know demand for trading derivitive on defi is there
with huge potential, but gas fee and latency is the only thing in the way for
traders to move onchain, that is why we designed this hybrid solution, we are
the first project does that, there is no reference to learn from
firstly the team needs to have smart contract
development skill and java skill and ofc deep knowledge in financial system and
derivitive, build a team with such set would the first challenge
Mary
| Satoshi Club: Why did you decide to choose this model
instead of L2 solution?
D.
| Satoshi Club: i wanted to ask the same 🤣
Lei
Wang: luckily most of the team member has been following
me since investment banking days for last 5 days we have been developing
derivative trading system since 2015, the team already have the deep bounding
and the right skill for that
Mary
| Satoshi Club: It’s very important! That’s why you
already succeed 😃
Lei
Wang: L2 is still in experiment, not mature enough for
trading volume that’s comparable with cefi exchange, our aim is to compete with
binance, huobi and okex, using experiment solution might bound us from moving.
and we dont want to treat our users as labrat with experiment solution, we are
serious about it. we can handle 8000 transactions per second with our setup not
sure any existing L2 solution is capable atm, but when L2 solution has proven
to be capable, we can easily migrate
D.
| Satoshi Club: well said 👍
Mary
| Satoshi Club: Perfect explanation!
Lei, thank you for your answers! Ready to jump to
the next question?
Lei
Wang: we have 3 institution trading firm already started
trading on kine, one of them did $15m today, institution has doubt with L2, you
need to have sofisticated solution to get them onboard, it’s not a game when
you work with institutions
sure
Q4
from Telegram user @orlemys
You
said virtually any asset can be supported by Kine’s peer-to-pool engine. You
mentioned BSC, ETH, and even gold or fiat. This is, of course, to help the
platform expand, encouraging users to trade and consequentially promoting the
use of your protocol. However, this might provoke unwanted fees. Could you
explain what exactly are Kine’s plans to resolve or alleviate these issues? You
also support cross-margining, do you consider this to be a less risky trading
method than others?
Lei
Wang: from my perspective, I worked in top investment
banks and hedge fund for 14 years, trading fx, commodity, stock is no much
difference from trading crypto, the strateges are similar, we will adjust fees
to a comfortable level according to the nature of the asset and users’
expectation
Mary
| Satoshi Club: Except BSC do you plan to add more
chains?
D.
| Satoshi Club: this is the last question 😄
Mary
| Satoshi Club: Ohhhh, sorry
Lei
Wang: cross-margin is indeed less risky, especially for
professional hedging traders, say you are both long and short in 1 asset for
the abitrage profit, without cross margin you might easily get liquidited on 1
leg while you are in profit, cross margin looks at your protfolio level
gain/loss, so for hedge trading you could never get liquidated
D.
| Satoshi Club: by the way, to users have to pass any
KYC procedure on your exchange? as i see i need only metamask or walletconnect
to use it
Lei
Wang: yes, we are launching on Heco and Okexchain later
this month, SOL and polygon are in the pipleline for next month too, we aim to
have defi users trading popular asset from all chain without feeling of the
boundry
metamask, it’s defi, no kyc
Mary
| Satoshi Club: Super, we hate KYC a bit😂
Lei
Wang: using our chain-bridge solution, user can move
asset between different blockchain with 0 cost
D.
| Satoshi Club: thanks for clarification😉
Mary
| Satoshi Club: You can continue while answering the
next question ☺️
Are you ready for it?
Lei
Wang: sure
D.
| Satoshi Club: awesome! so it won’t be a problem to
move stablecoins from bsc to eth, using your bridge?
for example
Lei
Wang: because usdt
on bsc is not issued by tether, we need a bit of work to support that, but
other asset like eth, ltc, bch etc you can use the solution
D.
| Satoshi Club: great!
thank you for answer
Q5
from Telegram user @NataliyaKil
While
looking for information about Kine Exchange, I read that you have some kind of
affiliate program. Can you tell us more about this? Who can take part in this
program, how to do it, and how do the participants benefit? What other programs
does Kine have for the community (for Stakers, Traders, Liquidators and KINE
token holders), partners, investors? Is there a referral and ambassador
program?
Lei
Wang: yes there is an referral/affiliate program, anybody
can participant, once you connected with the site, you can produce your own
invitation code/link anybody who conncted with your invitation link, 15% of
there transaction fee automatically goes to your affiliate account
for people who wants to higher commission, apply to
become our affilliate and lock some kine, 3000 kine for 40% commission, 25k
kine for 60%, and lock 100k kine to get 80% of the commission, this program is
designed for professtional brokers
again anybody can apply and lock amount of kine
accordingly to be eligible for the transaction fee commission
D.
| Satoshi Club: gotcha! thanks 👍
Mary
| Satoshi Club: What about ambassador program? Do you
have it?
Lei
Wang: for bsc stakers on top of the existing apy reward,
the first month, we will give extra 50k kine per week to attract bsc stakers,
the estimated apy for this month is 300%-500%
it’s currently just referal program and affiliate
for user aquisation atm, but we are open for suggestions
Mary
| Satoshi Club: Thank you for clear answers! Ready for
the 6th and last question from this part?
Lei
Wang: anybody is interested in becoming ambassador in
non-chinese/english region can contact our team we are open to start this
yes
Q6
from Telegram user @lzamg
The
Kine Protocol is currently going through a cross-chain token transfer,
specifically to OKEx Chain and Binance Smart Chain. I would like to know, what
motivated you to perform this cross-chain token transfer? Is it because of the
issues of Ethereum? And aside from the two chains mentioned, will you be
integrating other networks in the future?
D.
| Satoshi Club: question was a bit answered
already 😁
Mary
| Satoshi Club: Partially ☺️
Lei
Wang: I believe defi should be a unified world, separate
asset by chain is not ideal, due to the current efficiency issue of the etherum
infrastructure, users are distributed across chains, and on each chain there
are great asset, this shouldn’t bound user from the access to ther block chain,
we want to reunit them again, that is our motivation
already anwsered for more chains, heco, okex,
polygon, sol etc
D.
| Satoshi Club: totally agree 👍
Mary
| Satoshi Club: If before we couldn’t imagine this, now
it’s becoming reality
Lei
Wang: we are only limited by our imagination, creativity
is human nature, all we have to do is stay out of the way, let our creativity
guide our work
Mary
| Satoshi Club: Thank you for what you are doing 👏
And now we came close to the live part of our AMA!
Lei
Wang: feels lucky to be in blockchain world and become
part of this greatest revolution in the centrue
Mary
| Satoshi Club: Me as well 🙂
So, Lei, are you ready for the storm of questions?🚀
Part
2 — live questions from the Telegram community
Q1 from telegram username @Ashia_24
What
are the differences between Kine Finance and Kine Exchange, as well as their
respective roles?
Lei
Wang: kine.finance for staking and liquidity farming,
kine.exchange for leverage trading
Q2 from telegram username @Jonahapagu
Hello
@lei_kine
It
is stated that In KINE ecosystem, there are several major roles in play which
are stakers, traders and liquidators. Stakers and traders are more common roles
found in other platforms, but what is the role of liquidators in KINE
ecosystem, what functions do they perform, and how can a user become a
liquidator and benefit from the role in KINE’s Ecosystem.
Lei
Wang: when staking users’ debt ratio goes over 95%,
liquidators to comes in to perform liquidation and gain 5% of the liquidation
incentive
Q3 from telegram username @Ashia_24
Kine
Exchange is being discussed. You have a 100-fold leverage edge. Is it possible
for all traders to choose the amount of leverage they employ, or are there
conditions that must be met in order to access leverage at the maximum level?
What about newcomers? Is KINE exchange designed with them in mind?
Lei
Wang: yes, users can choose whatever leverage they feel
comfortable with, we dont set conditions to interfer with trader’s own
decision, my recommandation is for begineers is to keep leverage low
Q4 from telegram username @Jonahapagu
Hello
@lei_kine
KINE
is said to be introducing synthetic funding fees to balance long/short
exposures and reduce impermeant P&L, So how does this your idea of using
synthetic funding fees work, and how does this balance long/short exposures
when trading derivatives on KINE exchange….
Lei
Wang: to keep liquidity pool exposure low, it is
important to have long/short balanced at all time, the funding fee will be
calculated based on long vs short position, means the larger gap between
long-short, the higher funding fee to attract abitragers to take this risk free
profit, so long/short gap will be restored quickly and staking pool will never
have too large of exposure
Q5 from telegram username @lzamg
🌟kUSD
is the primary stablecoin of Kine Protocol and it’s accepted as the only margin
assets on Kine Exchange. You promote the adoption of kUSD beyond your native
exchange, so users may supply kUSD on Uniswap and other DEX to earn KINE from
your farming schemes. Can you explain why is so important the adoption of kUSD
beyond your platform? How does it benefit the Kine users and the project in
general?
Lei
Wang: originally the design of kusd was within kine
ecosystem, but we see there isn’t a major stablecoin comes from defi ecosystem
except dai, usdc/usdt still plays the major role but they are not originated
from defi world, this means opportunity, we believe kine as the top derivative
trading protocol is in the perfect position to issue an stablecoin and defi
world needs more stablecoin that originated from defi, hence we made a change
to promote kusd beyond kine ecosystem
Q6 from telegram username @doithay1617
🙋♂️Hello
@lei_kine
There
have been a lot of attacks happening on major exchanges, so security is always
the most important issue for users. What measures does Kine Exchange take to
protect users’ assets? For example: Google Authenticator, Mobile connection,
Mail connection, Security Pass,…?
Lei
Wang:
kine protocol is audited by pecksheild, we take
security as our top priority at all time, each time we see an attack in defi
world, we analyse it carefully and even try attack kine with the method to find
vonerability, if we find a risk we quickly make improvement to prevent it from
happening. Kine has been running safely for about 3 month, and all the attack
mechanism that we know doesn’t work on kine, so it is very safe.
Q7 from telegram username @FrEeBoY5620
Almost
every investors hold the token for short-term without understanding the
long-term value. So, how can you ensure us that holding this token is more
beneficial for long-term and what is your plan to increase the demand and
scarcity of the token?
Lei
Wang: firstly, over 80% of the transaction fee are used
to buyback kine, and our transaction fee is growing rapidly, that creats a
strong support for token price. at the initial period, part of the reward comes
from the ecosystem grant beside the fee share, as the fee keeps increasing, the
part from ecosystem will reduce eventually to 0, that gaurantees the scarcity.
as the community becomes mature, we will gradually hand the governence to
community thorugh kine token voting, decisions like listing new asset, support
new staking asset, risk limite, fee etc will be decided by the community not
the team anymore eventually, long-term holders will accumulate more voting
power, so hold it for long term if want be part of kine’s future
Q8 from telegram username @meml97
🧨 I read that one of the benefits users have
thanks to Kine is that: “ You can dynamically hedge the impermanent risk
through KINE’s real-time pool exposure API”. Can you tell us more about this?
How will Kine’s real time pool exposure API help on hedging risks? Will you
have other ways for users to prevent risks on your platform? Also who can
exactly take advantage of this benefit? @lei_kine
Lei
Wang: not like uniswap’s AMM impermenant loss as a
guranteed loss, providing liquidity on kine may be in a gain/loss, for risk
takers they most likely end with gain and choose to leave it, for risk averse
users it is easy to hedge agains the MCD as long/short for each asset on kine
are public information and MCD change is linear, you can simply hedge it with
future contract. to make it easier to beginners, we could create an mcd
contract for you to easily short and hedge all your MCD risk, does that sound
interesting?
Q9 from telegram username @cryptovgh
Could
you explain about your Supporters and partners? Always good partners will give
a great potential to the project. And what kind of partnership with KRYPTIAL
GROUP , a famous group in crypto? @lei_kine
Lei
Wang:
most of our investors are big names, our angel
investor Naval Ravikant is the former CEO of Angelist and founder of Coinlist,
here is the investor list
Q10 from telegram username @coinerm
You
mention that your trading engine is run off-chain and only allows gas to be
consumed for stake and margin transfers and takes a hybrid approach, not for
trading activities. Could you please give detailed information about this
feature, what are its benefits, is it a feature unique to you etc.
Lei
Wang: every 30 mins trading engine reports all trades in
a block to onchain clearing contract, that way kine only pays $50 gas instead
of all users pay $20 gas for each of their trade. this way it guarantees 2 most
important things for users, 1 efficiency and low cost for trading as it happens
offchain 2. transparency for pnl clearing and asset security this all happen
onchain
Part 3 – Quiz Results
As usual, for the third
part, Satoshi Club Team asked the chat 4 questions about the crypto project. A
link to a Quiz form was sent into the chat.
For
more information and future AMAs, join our Social Media channels:
Hello,
Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to
introduce to you the AMA session with our friends from Duke and our guests were
@dontoshi1 @RL789. The AMA took place on 7 June.
The
AMA session was divided into 3 parts with a total crypto reward pool of 500$
In
this AMA Recap, we will try to summarise the most interesting points for you.
Part
1 — introduction and questions from the Telegram community
Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We
conclude our today’s AMA marathon series with Duke. Today our guests are @dontoshi1 @RL789 !
Hello and welcome to
Satoshi Club, @dontoshi1 @RL789!
REHAN:
Hello
Glad to be here
Andrés M. | Satoshi Club: [ 🤗 Sticker ]
REHAN:
Hope everyone is doing well
Gold Rocket | Satoshi Club: How are you doing?😊
Andrés M. | Satoshi Club: Yes we are😃 So excited for this AMA session.
Andrés M. | Satoshi Club: Hello REHAN, nice to meet you
Gold Rocket | Satoshi Club: Thanks again for joining😊
REHAN:
Likewise
Gold Rocket | Satoshi Club: Let’s start!
Introduce yourself
please. How did you get to be involved in crypto & Duke?
Tell us please about
your position Duke?
Andrés M. | Satoshi Club: Gracias a ti😁
Gold Rocket | Satoshi Club: Oh! do you guys know each other? 😻
Andrés M. | Satoshi Club: No haha, I would like👍
Gold Rocket | Satoshi Club: then there is a great excuse to meet❤️😉
Andrés M. | Satoshi Club: For sure, is great to have important personalities
with us
REHAN:
Well I first found out about Bitcoin back in 2014. But back then my country
made it illegal to hold btc or any crypto so I didnt buy any. Tried mining some
coins but didnt have the proper equipment of gpus for that. With my business
taking most of my time I put crypto on hold and went about my work. Things change in 2017 and like most of us I
fomoed into lots of coins at high prices. 2018 came and with it bear market.
But I was hooked. Didnt make any money, well lost a lot of money but started
educating myself and learning about different projects and blockchains and
crypto related technology. I traded forex and commodities since 2006 so it is
was not really difficult. I am the
Strategic Advisor for Duke as well FastSwap. But more than an advisor I am full
time in it over the last 9 months or so. Like the Tokenomics and pools rewards
are done by me as well
Gold Rocket | Satoshi Club: thank you very much for sharing😊🙏
these stories are
priceless!
REHAN:
btw to everyone following, @dontoshi1 is the founder of FastSwap & Duke
blessed
Gold Rocket | Satoshi Club: What is the essence of Duke?
Andrés M. | Satoshi Club: Thanks for the history, very interesting
REHAN:
As you know there are multiple meme tokens launching every day. With all due
respect to them apart from marketing there is nothing much else. Well not all,
once in a while, some gems do appear. However every meme token have amazing
community. They believe in it. We wanted Duke to be a meme token while having
utility and sustainability beyond few weeks. Long term growth and usability is
our main focus
Gold Rocket | Satoshi Club: Also we
would like to know about your team. Who is on the project team core?
Andrés M. | Satoshi Club: Why did you choose DUKE INU as your name and
symbol?
REHAN:
To be unique. Duke. The name just stands out. From a brand perspective it is
amazing. And full credits to Dontoshi. He came up with it. It is a really good
name
Andrés M. | Satoshi Club: I agree with that, powerful name 😁
Andrés M. | Satoshi Club: So, please tell us how is team conformed
After that we will
proceed with our community questions🥳
REHAN:
There is Dontoshi & I. Suhail is our marketing head. We have two teams
handling different networks; Ethereum & Binance Smart Chain. We have 5 full time devs, UI/UX team
& marketing team. We are morphing
the two teams into one and hiring more devs. If anyone is a senior blockchain
dev please send me your resume. We always have space for top devs. Team is spread
out globally so lots of different time zones lol
Andrés M. | Satoshi Club: A great opportunity to be have of a strong project.
Thanks for share it Rehan
Andrés M. | Satoshi Club: Time to go with our community questions.
Q1 from Telegram User @Jonahapagu
In your
Tokenomics, 100 billion DUKE tokens which represents abut 10% of the total
supply was allocated as incentives to your Ecosystem products, 50 billion was
allocated as incentives for dApps across chains.. So apart from the launchspot
and Vaults what other products do you intend to build in your Ecosytem or will
all the 100 Billion go for this two products, and apart from this two products
what dApps do you have across chains that the 50 Billion allocation will be
used for
Gold Rocket | Satoshi Club: Thanks for the introduction, we will have a
question selected for the Part 1. ready to start?
REHAN:
yep
REHAN:
We will have Yield farming, Staking, IDO Participation & Vaults (lending
protocol). 30% of the total supply will be used for liquidity incentives. 10%
will be used for incentives in our ecosystem such as monthly rewards to
holders, stakers & FastSwap users. 5% for dapps is incentives to onboard
different projects
Andrés M. | Satoshi Club: What is the APR for staking?
REHAN:
Depends. Our first batch of pools will have 400% – 700%. At launch early
farmers will enjoy up to 1200%. Of course as all farms yield goes down the more
holders have staked. But it will easily be above 400%
Gold Rocket | Satoshi Club: Sounds great 👍
Andrés M. | Satoshi Club: Wow, high percentage, great opportunity for holders💪
REHAN:
Absolutely! Holders will be rewarded massively
Andrés M. | Satoshi Club: Thank for the answer, ready to proceed with the
next question?😃
REHAN:
Let’s go
Q2 from Telegram User @antoni_azx
You mention on your website a Vaults feature that
aims to help the users to manage and optimize their funds across procotols like
AAVE, Compound, etc. What kind of optimization are you talking about and what
are the benefits of using your feature and not other?
REHAN:
Yes, we will build a protocol that will allow investors to manage and optimize
their fund with the highest yield between Aave, compound and other protocols in
one dashboard through smart contract. Optimized to make money for you
effortlessly through the best protocols every minute. On top of the yield you
will be earning there will be extra bonus of Duke
Andrés M. | Satoshi Club: What are the ways to buy your token?
REHAN:
You can buy from FastSwap or Pancakeswap
Gold Rocket | Satoshi Club: Please tell us more about extra bonus of Duke 😊
REHAN:
We will be rewarding holders that use our ecosystem products with Duke. Think
of it as cherry on top haha
Andrés M. | Satoshi Club: But it will be listed on more exchanges soon,
right? Our next question talks about it, let’s proceed😁
REHAN:
Yes it will be!
Q3 from Telegram User @Asela1112
$DUKE will be soon on FastSwap, Uniswap, pancakeswap
& SushiSwap pools in future. So what are the pairs that can use for
staking? How do we paricipate in staking mechanism of Duke inu? Most of
platforms integrate mechanism which allow some percentage from transaction fee
to the pools & locked for a specific time. Is there Autonomous mechanism,
conventional for only Duke inu Inu platform? Which strategies will you launch
to increase the liquidity without affecting on volatility of $DUKE?
REHAN:
We have already designed the pools & rewards structure that we will be
introducing. Emissions will be in check while maintaining juicy APY. To begin
with we will be introducing 10 pools as the first batch. All farming will be
done on FastSwap (audited). All 10 pools will have Duke as base pair. You can
check out https://fastswap.finance. Our farms have high APY, easy staking.
There will be no fees, no penalty for early withdrawal and no lock.
Gold Rocket | Satoshi Club: It is very tempting 😊👍
REHAN:
I cant wait to share with the community. It is gonna be awesome
Andrés M. | Satoshi Club: Which was the results of the audit, any important
problem found?
REHAN:
All clear. We wouldn’t keep the farms live if there was any issues. Audit
results can be found on Solidity website
Gold Rocket | Satoshi Club: Thank you very much for your answers! Ready for the
next question? 🚀
REHAN:
SAFU
yes
Q4 from Telegram User @Brainchest
You mentioned AAVE, Compound on the website. These
are very serious players and I couldn’t not ask a question.
Are you planning to create a Vault for the
Lending\Borrowing service in partnership with AAVE, Compound, e.t.c.?
Please tell us more about how the bonus will be
credited in DUKE tokens.
How will you manage the funds? Will you lend money,
which we will transfer to farming?
REHAN:
Our lending and borrowing vaults will tap into open source which Aave and Comp
protocol is built on. So we don’t need to partner with them to call functions
from their protocols. Just like how YFI moves investors’ funds in between the
protocols based on the protocols with the best yields to maximize their
earnings across all protocols. The advantage of this vault is that it will work
for you and make you money while you are sleeping
Vaults will be seperate
from farms
Gold Rocket | Satoshi Club: This is a dream. Sleep and make money 😁
Andrés M. | Satoshi Club: Yes, a great option for holders.
Gold Rocket | Satoshi Club: Will you lend money, which we will transfer to
farming?
REHAN:
Honestly once you are a farmer nothing else can beat it. Savings in banks are
things of the past. The future is only DeFi. There is private pool already
started for banks and institutions on Aave. The future is limitless
Andrés M. | Satoshi Club: I agree with that my friend, that’s the financial
future.
Well, time to proceed
with the 5th question, would you like to add something before?
Gold Rocket | Satoshi Club: Thank you very much for your answers and
clarifications.😊
Let’s proceed to the
next question🚀
REHAN:
sure
Q5 from Telegram User
@andrey_seleznov
Hi Duke!
Duke is going to be available in multiple pools such
as FastSwap, Uniswap, Pancakeswap, Sushiswap.. This implies that you will have
both BEP-20 and ERC-20 tokens in circulation. Will they have the same token
address in both bsc and eth chains? Are you going to expand to other layer1 or
layer 2 chains in the future to get a bigger exposure and increase user
adoption? Thank you!
REHAN:
FastSwap is available on both Ethereum network as well as Binance smart chain.
Duke already have liquidity on FastSwap &
Pancakeswap. The token address is the same. Duke for the immediate short
term will be on BSC while we are work on Polygon integration. L2 is something
we will be focusing on after we are live with LaunchSpot (IDO Participation).
We expect more bridges to be built to move tokens from one network to another.
Already few are doing a great job, like multichain.xyz
Andrés M. | Satoshi Club: It seems great events are coming for Duke Inu,
could you share us your roadmap? What you consider is the major event coming
for Duke Inu into the second half of 2021?
Gold Rocket | Satoshi Club: it is quite obvious that the more cross-chain
bridges, the more opportunities👍
REHAN:
Yield farming, staking, IDO Participation, Vault, L2. This is the roll out roadmap.
We are nearly done with LaunchSpot UI/UX design and back end. Our target is
early Q3 for this. So it is around the corner. It helps to have a big talented
team. We can keep development on going without any obstacles
On top of this we are
constantly looking into ways to further develop our DEXes. Limit orders are
next for our DEX
Andrés M. | Satoshi Club: Congratulations, it sounds like a lot of hard job
for you. Don’t forget to share the announcements of your coming events with our
community
REHAN:
Thanks. And I will absolutely do that 😀
Andrés M. | Satoshi Club: Thanks for the clarification. Ready to go with the
final question of this first part of the AMA?
REHAN:
yes
Q6 from Telegram User @victorogb
As a community driven meme token, DUKE should have
some form of community developed governance system, that allows the active
participation and administration of the DUKE ecosystem. Though been fully
developed and supported by FastSwap, how will DUKE aim to be fully
decentralised and community driven, and what would be some of the unique
governance privileges available to early adopters, community members and
strategic investors?
REHAN:
Duke is completely community owned and fully decentralised. If you look at our
holders list you will see that top holders are holding less than 1% of total
supply. There was no presale, and it was
a fair launch. We posted the contract and launch time days in advance. Equal
buying opportunity for all. As for development, the team have a plan and
roadmap that we are following. We want efficient execution. By managing the
development and products roll out we are able to do that. It has been one week since we launched. In this
one week we have held 3 AMAs, confirmed 3 exchange listings (listed on one
already), grew by nearly 9000 diamond hand holders & did volume of
approximate $30 million. We are in talks with 4 more exchanges (news soon) and
we have increased our marketing efforts.
We are just getting started. Imagine where Duke will be in one month’s
time
Great job encouraging
your community. Btw, are you planning some community contests like meme
campaigns or airdrops?
REHAN:
Yes we will be
Let me clarify. No
airdrops but contests. We have 4% of marketing budget. We must make sure we get
the most value out of it. Duke is earned not given for free
Andrés M. | Satoshi Club: That’s great, another great reason to be part of
your community. Please share with us the link to join your communities😁
Gold Rocket | Satoshi Club: Thank you so much for these great answers and
clarifications.
REHAN:
@duketokencom @fastswapdex @dukechinese (We have an amazing and very supportive
Chinese community!)
Gold Rocket | Satoshi Club: Now get ready for the most impressive part of our
AMA! Live questions! It will be very powerful! 🚀
Part
2 — live questions from the Telegram community
Q1 from telegram username @messilolz
@RL789 what exchange is the best to buy $DUKE
fastswap or pancakeswap? Are the price same in both exchange? Please provide me
the link to buy or any plan to list on CEX too?
REHAN:
FastSwap. I am always going to recommend FastSwap first. The price is the same
on both exchanges
Q2 from telegram username @@ismu45
Without proper capital and marketing infusion,any
project dies.How do you convince us that you have adequate capital and
marketing power to push your project to the top ?
REHAN:
We bootstrapped the initial liquidity, development and marketing ourselves.
Duke is developed by FastSwap. Check out fastswap.finance &
fastswap.exchange. We have the team and the ecosystem to make sure Duke growth
is long term
Q3 from telegram username @Antoni_azx
In the last month I have lost count of how many meme
tokens I have seen with meme dogs, could you tell me why I should buy DUKE and
not any other meme coin? What are the advantages of $ DUKE over the rest of the
coins?
REHAN:
It is the first meme token with utility and underlying products. Look at what
we have achieved in one week. Can you say the same for any other meme token?
Q4 from telegram username @doithay1617
@RL789 You
said: “can buy from FastSwap or Pancakeswap”. Can I buy $DUKE in
LBank Exchange? Or is it Fake?
REHAN:
You can buy from LBank. 8 June we are live on XT & 9 June we are live on
Coinsbit. We are aiming for more exchanges
Q5 from telegram username @Chinthaka93
You have mentioned that “We have burnt 10%! of
Circulating Supply” this is a big amount relatively for burning, Is your token
supply fixed or unlimited? What is the token supply? Could you please share
more details with us? @dontoshi1 @RL789
REHAN:
Supply is fixed. Max supply 1,000,000,000,000. Circulating supply last week
including marketing funds was 540,000,000,000. We have already burnt more than
10% of circulating supply. Current csupply <490,000,000,000
https://www.bscscan.com/token/0xaee234825dc4687fae606485c1ebd06336052bcc?a=0x000000000000000000000000000000000000dead
Q6 from telegram username @Ratash97
Can you explain to us the launchspot mechanism ?
REHAN:
Sure. Stake Duke and participate in IDO on LaunchSpot. There will be different
tiers and the lowest tier will have very low requirement. We want to give
opportunity to as many holders as possible
Q7 from telegram username @Eisen_7
will the price on ETH and BSC be the same?
REHAN:
Yes it will be
Q8 from telegram username @JasmineSha
Hello @RL789
What is the Highest APY in Duke? and for what pair?
REHAN:
The highest daily rewards will be for DUKE/BNB & DUKE/FAST
Q 9 from telegram username @Einsteinyl
From Duke Inu telegram announcement, I read that
Duke Inu just burn around 7% from circulating supply in less than 1 day, well
thats really big burn, but how does the calculation to reach 7% burn in one
day? Does it random burn or Duke Inu have scheduled time to burn? How does your
burn system work?
REHAN:
Every transactions burns 1%. 1% of every transaction goes to holders. Till date
the smart contract have distributed 53 billions among holders. I know of
someone (a community member) whose balance increased more than 20% just by
holding. Our burn mechanism is fair and can be sustained long term
Q10 from telegram username @SPAZEEEE
What is the minimum purchase of $Duke tokens?
REHAN:
Any amount you want. There is no minimum. The main reason we launched on BSC is
so that anyone can buy irrespective of the amount. For $10 purchase you don’t
need to spend $200 on transaction costs. It will cost you few cents
Part 3 – Quiz Results
As usual, for the third
part, Satoshi Club Team asked the chat 4 questions about the crypto project. A
link to a Quiz form was sent into the chat.
For
more information and future AMAs, join our Social Media channels:
