We are pleased to announce our next AMA on July 5th 2021 at 11:00 AM UTC Time: Satoshi Club x Hoo Smart Chain
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Hoo Smart Chain Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Hoo Smart Chain Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Hoo Smart Chain
For more details:
Hoo Smart Chain Website – hoosmartchain.com
Hoo Smart Chain Telegram – @HooSmartChain
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I’ve read about the Hoo’s tokenomic, where can we buy Hoo? What are it’s usecases and can we stake them?
Can you share us the HSC’s roadmap and hoo token allocation?
As I realized, HSC offers each node the same rights, allowing users to freely build decentralized applications, including Defi products, digital assets, etc. And also HSC enable the value exchange efficiently yet user friendly through the Cross chain module. What are the blockchain networks, HSC supports in addition to the Ethereum, BSC, HECO ? Every Blockchain system own their unique specialties, Hydra solve the total supply problem. What’s yours unique specialties? How do you overcome the competition throughout the crypto space? Because lot of blockchain systems are available & increase day by day in crypto market.
Proof of stake Alliance (PoSA) have been used as the consensus mechanism & the governance of staking by HSC blockchain network which is a combined consensus from proof of Authority (PoA) & proof of stake (PoS). Some blockchain systems used PoS & some are used PoW as the consensus mechanism. So why did you integrate PoS & PoA over the PoW? PoS have own disadvantages such as Unproven in terms of long-term sustainability, Users who hold a large amount of coins can have an outsized influence on the consensus process. So how will you overcome these disadvantages to bring more user friendly blockchain system to HSC user?
When focusing on Technical design of HSC blockchain network, HSC is not a layer 2 solution. It is supported by one side chain of Ethereum. How do you minimize the amount of Data storage of the base layer of HSC blockchain without layer 2 solution? Some blockchain systems use layer 2 solution to reduce fees for users, fast transaction & open participation. What about the transaction fees & transaction speed of HSC network without Layer 2 solution? Actuall why did HSC design team go for the single base layer solutuon?
One of the the advantages in HOO Smart Chain is Users can build digital assets and decentralized financial products based on HSC. So how do you filter developed digital assets in your ecosystem when there are so many token rug pull and exit scams? Do you have mechanism in place to carry out those actions? Do you require digital asset developers to pass a Know Your Customer (KYC) procedure?
Can you explain about the HSC Unicorn program?
In China, it is strictly prohibited to have btc, does it affect the HOO token?
What are the advantages of owning $HOO tokens and what can investors type to hold $HOO tokens?
PoSA is the mechanism HSC is currently operating. It combines the characteristics of both PoA and PoS. Why did you choose to build these combinations in your ecosytem? How can you be a fully decentralized platform when POA lacks decentralisation. How will these mechanisms gives benefits and advantage in your network?
On June 29, HSC’s mining activities began under DeFi’s Clain protocol. What is the mining procedure and where can the transaction be carried out?
What is the role of the volunteer group and what are the conditions that are needed to be part of Hoo SmartvChaim?
What are the strategies that can be applied to encourage mining and thus improve the ecology, as has been the development of HSC in the market until now?
Where and when can we buy or and bet the tokens and with which platform is it compatible to carry out exchanges?
HSC’s vision is to promote the development of the ecosystem and improve the experience of users and investors, what will be the strategies to use to achieve it and what are the most aggressive functionalities?
What is the behavior of a stable currency $ cUSD and what changes do they present when adopting a Dual currency model?