We are pleased to announce our next AMA on July 5th 2021 at 11:00 AM UTC Time: Satoshi Club x Sapp
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Sapp Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Sapp Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Sapp
For more details:
Sapp Website – sappchat.com
Sapp Telegram – @sappchat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Can you explain how it works?
-Growth Cycle
-Reward Cycle
-Charity Cycle
and can you explain to us about supply you?
One of the unique and innovative features introduced in Sappchat is the integration of Artificial Intelligence (AI) technologies in the application. Many platforms use artificial intelligence for multiple algorithms that determine certain things, so I am interested in knowing what artificial intelligence is for in Sappchat. What are the applications that you give to artificial intelligence in Sappchat?
According to your roadmap, in the 1st-2nd quarter of 2022, SappChat will deploy Sapp-Pay. Can you enlighten us with this upcoming feature, its utilities, advantages and benefits for the users?
I have learned that SappChat offers an anonymous and private way of communicating and transacting cryptocurrencies easily without the need of an email verificaiton as well as phone number, however, this features can also be used for illegal activities such a money laundering and scams. How would SappChat deal with this matter and secure your user’s privacy and the platform’s integrity?
According to your website, SappChat offers NFT trading and minting. It features artworks and stickers that can be purchased and sold within the application. May I know, would SappChat also consider game NFTs as well as audio and video art NFTs in the future?
As your website mentioned, Developing on superior end to end encryption, multi chains technology smart contracts leads Sappchat to be secure- more privacy- user friendly communication App. What if user don’t have a PIN code or if the attacker bypasses it? Then Hackers can gain the access to users messages easily. And also user’s device could have malwares that spies on the information before and after user send messages or their sensitive information. How will you overcome these circumstances based on security? As well as AI protocal allows to manage operations by user’s voice without touching. But voice action is not ideal for all environments. Will there be Technical alternatives options to solve such issues?
Talking on Sappchat tokenomics, as a BEP20 token, only 40% $APP from the total supply is to be distributed among the community members during token sale. What will you expect to do with funds coming from $APP token sale? Other 60% $APP tokens are allocated as 20%- Marketing, 20%- staking liquidity, 10%- team & advisors, 5%- future development, 4.9%- community airdrop & lastly 0.1%- early backers. What is the purpose of this $APP token allocating method? I couldn’t discover any of burning mechanism & transaction fee of Sappchat tokenomics. How do you mitigate the price volatility & inflation rate of $APP without any burning protocal? Do you think, the price of $APP will be stabilized even in dump situation of the crypto market without burning protocals? Can you tell us what’s the transaction fee of $APP token? For what will transaction fee be used in Sappchat ecosystem? Or will you not incur any transaction fee in Sappchat ecosystem?
In Q3-Q4 2021 Roadmap, you have mentioned about Sapp- Blockchain integration. What is the most suitable consensus mechanism, you will use to develop your own Sapp- Blockchain network? Will it PoS(Proof of Stake) or PoA( Proof of Authority) or Pow(Proof of work)? Will it be built as a hybrid blockchain system or consortium or public blockchain system? What will be the benefits, drawbacks & ideal uses of Sapp- Blockchain system within crypto ecosystem?
I have read that they offer security tools and changes incomparable to other chat systems, but above all security and speed; What would be the margin of speed and change from one cryptocurrency to another ..? Is it subject to commissions ..? Why the inclusion of a cryptocurrency exchange ..?
is the social and monetization platform stable at the same time, what I mean is if you can do both at the same time.?
It has a daily connection limit, that is, a maximum number of users would be reflected in a simultaneous connection..?
People care about their privacy and data. The latest incident with Whatsapp proved this. Many Whatsapp user abandoned Whatsapp due to privacy issues and moved to other apps which provide better privacy. Please give some information about the privacy level of Sappchat. How private will be the users chat and data? Do Sappchat use the data from its users? How decentralized is Sappchat and how much do Sappchat team determined to stay decentralized?
Sappchat has many competitors and if you think about the non-crypto competitors, they are quite huge. Current chatting apps are already providing quite wide range of offers. When you consider this, what will make Sappchat different than the others? Primarily, by which feature will Sappchat try to get users from its competitors? Do Sappchat aim to stay in crypto world or does it also target to be one of the first choice app for non-crypto users?
One of the unique and innovative feature of Sappchat is that you are going to integrate Artificial Intelligence that will be based on neural network. Can you explain how the neural network system used by your AI technology works and how it is complemented by a machine learning algorithm to produce quality service to users? How is your AI-based recommender system designed to automate the detection and creation of new nodes or computing resources during peak communication activities within the Sappchat protocol when data interactions are said to encrypted? Also, is the predictive financial analysis provided by this technology customised to suit each user’s financial or trading behaviour, or do your AI only perform analysis of general market situation?
Sappchat do not require a phone number and e-mail address. So, how does it work? When you do not have these, how will you avoid abusers, fraudulent actions and spammers? How will the punishment system work for these users who bother the others? What will happen to the accounts when users phone got stolen or broken and their account is gone? What will be the way to recover their account without e-mail and phone number?
Does management have an effective system in place to model, manage, and balance risks and opportunity cost?
SappChat is currently running an MVP for beta testers with limited functions. One of these functions that you plan to release when fully launched is Mobile Decentralized Exchange (mDEX) which you said will allow users to exchange crypto asset instantly. There are about 4 types of decentralized exchanges which are Automated Market Maker (AMM) DEXs, Reserve System DEXs, Peer-To-Peer DEXs and Parallel Processing DEXs. Which of these will SappChat use and how will mDEX ensure constant availability of liquidity that will guarantee the exchange asset instantly? Which blockchain will mDEX be able to cover and how many tokens will it be able to provide support for?
You said SappChat has a DeFi Protocol that users can activate which will allow them to earn passive profits up to 130% APY by just holding cryptocurrency in their SappChat app. How does the Defi Protocol connects users cryptocurrency balance to a borrower? What is the procedure for lending and borrowing using this Defi banking tools? Who determine the interest and how will SappChat ensure that the accrued interest with the principal payments are returned back to the lenders wallet?
What is the use of AI here,and are you planning for monetization of sappchat
Your have introduced a great concept! However, don’t you think several issues may occur when a messaging app becomes fully decentralized? For example, people may use your platform for activities such as cyberbullying and sexting. There won’t be any mechanism to filter explicit content. Eventually, this may be a black mark to your platform. Do you have any solution for these issues? Does Sappchat has a monitoring system? Further, don’t you think sharing cryptocurrency in this way will cause security issues? People can chat with fake profiles. Do you have a mechanism to trace their real identity? While putting your concept into practice, how do you face this kind of problems?
According to your roadmap, you have done some research in 2020. It may be on the necessity of creating a decentralized chat app. What were your findings? Did you notice any drawbacks of centralized chatting platforms? What were they? When conducting the research, did you collect data from the community? What was the size of your sample? Did you communicate with the global community? Did they point out any issues related to the available chat apps? What were the main problems? How are you going to solve them in Sappchat? Can we see any qualitative or quantitative analysis related to your research?
A part of the SappChat financial ecosystem includes it’s online NFT shop, where users can offer and purchase unique NFT artworks and stickers. SappChat will also make it possible for users to borrow these NFTs while making seemless and quick transactions via the wallet addresses of the parties involved. With such transactionary ease, and a large collection of NFTs and digital contents, how does SappChat handle pricing and valuations of the NFTs in it’s shop, and with borrowing of NFTs, how does SappChat effectively handle this rather strange business model, and with APP tokens used as the major trade tool on the shop, would these transactions be subject to fees?
You have indicated that anonymity is a unique feature of Sappchat. However, there is an AML policy and a KYC policy. According to your guidelines, users have to complete an identity verification. If a user have to provide his/her details, how can he/she be anonymous? Although prevention of illegal activities through an AML and a KYC procedure is important, then is it OK to highlight “anonymity” as a unique feature of Sappchat? Though users remain anonymous to fellow users, they are not anonymous to your team! In this kind of situation, can we call your platform a “decentralized” one? Can Sappchat be considered a community driven application when your team has all the details of your users?
While exploring the different platforms and projects offering similar services and looking at it’s comparative advantage over a host of them, SappChat has graciously identified BlockFi as it’s major competitor amongst a host of others within it’s DeFi services niche. With such competitors already building a reputation within this space, what does SappChat offer differently that helps to improve user experience, security, confidence and revenue, and how would it look to increase adoption and use of not just only it’s DeFi based services and products, but also it’s MIM and content sharing services?
It is stated in your website that Sappchat’s AI allows you to use your voice to take action without touching your device. Can this speech recognition capture speech much faster than typing?Won’t Voice data be recorded, which some fear could impact privacy?Won’t the software struggle with vocabulary,and misinterpret words if you don’t speak clearly?
Recently when WhatsApp changed its policy, everyone got worried about their privacy and people tried to find its alternative. So now Sappchat has come which can rescue us with its privacy and amazing features. But what steps you have taken to keep the privacy of users in their hands?
You are also allowing users to send crypto while chatting it feels amazing but what will be the charges of sending it and attacks are very common how you keep the transactions safe?
Sappchat is a perfect app for crypto people but there are not many features for those who are not in Crypto Space. So your main focus is crypto audience only or you are focusing on the non-crypto audience too?
As this project is relatively new, since you’re just getting started. Can you tell us about the progress you have made until now? What was the most important recent update so far and what are you currently focused on?
How can you ensure the security of each cryptocurrency transaction taking place? Is there any new technologies introduced to it?
You mentioned that Sappchat has a reliable mobile wallet, how reliable is this mobile wallet? How do you secure the mobile wallet and be so sure? Does Sappchat secure my team or does it use a different security system? Can you give information.
Does Sappchat have a user agreement? Is the Sappchat team working to avoid the contract problem in WhatsApp today?
How is SAPPiO secured? The error that SAPPiO will make in a big transaction can cause big losses, how does it secure the sappchat users in a possible failure of SAPPiO?
We all know the controversial controversies in which renowned and globally used platforms such as Facebook and even WhatsApp have been involved where our personal data had been shared externally with third parties from their own network. And it is that although they are proclaimed highly safe, they really are not. So, your product being a potential use case that can enter blockchain technology within the infrastructural DNA of instant messaging applications. Do you think that we could be facing the new technological revolution through blockchain?
You claim on your whitepaper that Sappchat has a full security against hacking, online
attacks, financial fraud and data and identity theft, thanks to a strong encryption
infrastructure. As security is one of the most important pillars of your platform, I would like to know how a user who, for example, lost his phone or access to his computer, could enter his account again through another device? What solution do you have to this possible problem? Should users communicate directly with the support of your platform?
In the social media category,there are specific apps that are more popular in the non-English speaking countries.For e.g in China Wechat,Sina Weibo and Renren are popular there,while South Korea has KakaoTalk etc. Because of the increasing importance of mobile apps, does Sappchat have any plan to localized their app to fit the needs of people who speak other languages?If you have plans to localize your app,which top languages will start with aside English?
On your whitepaper i read that Sappchat will have an online shopping platform, in which users can purchase digital
goods, such as NFTs by paying with cryptocurrencies. I would like to know if through this shopping platform users will only have the option of buying digital goods or if, on the contrary, tangible products will also be offered? also I would like to know if the transactions will be made only and exclusively with the $ APP token or if the users will have the option of making the transactions with different cryptocurrencies?
In your website it is stated that The major AI technologies embedded in Sappchat’s platform will be based on neural networks for continuous training, Blockchain performance analyses, and financial predictions and insights. Since there are series of Machine Learning algorithms i.eLinear Regression,Logistic Regression,Decision Tree,SVM etc
for statistical learning,which of this algorithms will be complemented where the analysis process is presented in detail and can be followed by users?
Sappchat aims to bring communication and blockchain technology together and integrates it with AI technology for the voice search function. How will you plan to integrate AI Technology in your platform? What benefits will you get for utilizing AI Powered Services? Is having this advanced technology make you at advantage with other messaging applications?
E2EE which is End-2-End Encryption is one of the main features of Sappchat. Sappchat then claims that communication is safe and reliable. However, we are very aware of the risks of the E2EE and its vulnerability against hackers. How does Sappchat minimize the risks of being hacked and protect its users? How safe are our encryption keys and most importantly, our assets, in Sappchat? Aside from hackers, how can we be 100% sure that the users we interact to in Sappchat are safe? Do users go through KYC beforehand?
Your current token sale, Phase 5, will be ending soon. I can see that the sale went well especially with the inclining interest of users in Sappchat. What is your next plan after Phase 5? Will the application development be started after Phase 5? or is it already started and just waiting for its launch? Can you give us more information about the milestones you already achieved in your roadmap?
You describe sappchat as a first decentralized messaging app meets Decentralized Banking powered by Blockchain and Artificial Intelligence Technology, users can use sappchat for communicating & Transfer – Receive Crypto plus sappchat is used for Defi & NFT shopping, its obvious these are different domains in one app which uses AI, Do you think mixing all these functionality in one app could cause technical issues, or resulting any vulnerability?
I’m curious, to arrive at this potential creation, doubts, deficiencies and certainly a visionary thought must have arisen that led them to act and develop Sappchat. So, given his technical knowledge and his personal research analyzes regarding the non-blockchain-based MIM field. How do you determine that it is possible to structure a truly complete application that integrates multiple markets in a single operation by merging instant messaging with blockchain, financial transactions easily accessible through this same messaging, a completely anonymous and secure bridge, a varied online shopping market and an exchange in interconnections based on a functioning with artificial intelligence?
In their documents they share a detailed analysis of SappChat against its current competitors in the crypto space, concluding that BlockFi is the main competitor of Sappchat in the domain of DeFi and the provision of loans backed by cryptoassets, however, BlockFi penetrates and eradicates the anonymity of its consumers by demanding personal information. So, in terms of competitiveness and anonymity, is Sappchat considered the best? Among all your competitors, what are the qualities that in your technical and personal opinion make Sappchat propitiate itself to the top by establishing a highly complete and qualified infrastructure and ecosystem?
SappChat is the world’s first Decentralized Messaging App. However, it is also closely tied to crypto in general, with one of your main products being never-see-before P2P technology supported through chat, so this makes me curious as to who is your primary targeted demographic. As we know, messaging apps nowadays are mainly social media focused, and most of them are also owned by Facebook, which has been know to have little regard for user privacy- so much, that they’ve been repeatedly sued for this matter. I personally think a Messaging DApp could become a mainstream one in no time, so, I’d like to know if you have plans of marketing to non-crypto users, and if you will have an intuitive enough platform, that even with the added crypto features, will still prove to be convenient for everyday users?
SappChat offers an NFT Marketplace, but I couldn’t find much info about it. Where will you get your NFTs from? Can NFT creators use your platform as a developing tool? What are the genres of the NFTs you will offer?
Sappchat has an option for transferring crypto assets in a chatroom, this is, a classic Peer to Peer payment method but integrated to a chat, but the most worrying thing is the level of security that there may be, we all know that there are encrypted chats like telegram where many users try to scam through links and unwanted advertising, can you explain what measures you will take to ward off scammers? Are the conversations monitored by the platform?
Sappchat aims to become a decentralized mobile banking app available for everyone globally, but can you tell us from where will this expansion start? Do you have physical locations with staff working for this to happen? What are your plans for incoporating fiat payment / receiving options and at the same time dealing with the different countries regulations?
One of your most innovative features, Sappchat’s AI, allows you to use your voice to take action. I’d like to know about the accuracy of this voice-enabling feature. What’s its accuracy rate? Can it compete with top-tier voice recognition AIs such as Google’s? When dealing with crypto, security is the top priority, will any of the users’ voice recordings be stored? Can this be hacked?
Sapp offer the possibility of use crypto at the same time that you’re chatting, but I think that is very important let clear which security system you use, is really safe store my crypto funds in Sapp?
What are the requirements to open a Sapp account and start chatting? There is absolutely necessary complete any type of verification or KYC model?
I saw on SappChat Telegram that using our referral link, we might earn additional $APP Tokens. Could you kindly provide additional information about this? How many referrals can we accept, and do you allow users worldwide? How will you avoid against cheaters and multiple accounts?
How do you prioritize users’ privacy and make every effort to establish a private and secure chat environment where users don’t have to worry about their data being stolen or leaked? What technique have you devised to ensure that none of these circumstances, such as data leaking or theft, occur on the Sappchat platform?
I am curious if you have done any security checks, what measures have been taken to protect the SappChat community after dozens of hacks, vulnerabilities and similar issues have been seen in many projects this year?
Sapp is an application focused on offer a chat features and the transaction of cryptocurrencies, so can you please tell us how much types of coins and token networks do you support ?
Sapp have its own application for Mobile devices, but Sapp can be used from the PC? Like web telegram?
Please provide us with more information about tokenomics! Your tokenomics structure is quite unique; only 4.9% of tokens are dedicated to the community, so have you done any airdrops or liquidity mining to disperse tokens to the community, or what is the method for users to get $app tokens? Thank you very much!
The competition is tough, so how can SappChat remain competitive in the market? What traits will enable you to be distinctive, that is, what will be the unique value contribution that you will offer to users, so that they will choose you over any other present or future project?
Currently one of the biggest fears of many users is that the communication applications they use can at any time give to third parties the metadata and registration conversations of them, without their consent, then, as SappChat shows, that this is not possible in your application, what do you use to protect and make private 100% of the data and information of its users?
In your roadmap I noticed that you are developing a beta version of Sapp Wallet, could you give us some information about this, how are you going with this development, what possible differences it will have over other wallets in the market and if you have a launch date planned?
According to your website, SappChat has a superior end-to-end encryption system, but what is it based on? Can you explain the technology you use to protect your users conversations and mostly important, their funds?
Your platform offers a way to borrow instant loan by pledging crypto assets as collateral, but isn’t clear to me what kind of cryptocurrencies are accepted on this regard, can you explain the collateralization process and how advantageous is your earning interests system for someone who wants to save?
I attempted to open and read Sapp’s website, but it returned an error.How did we find out about your project? Could you please send us a link to learn more about Sapp?Could you please explain why your website contains errors?
I understand that Sapp is the first decentralized messaging application, but really apart from privately connecting the communication between users, it also connects them financially? If so, how does your application achieve it?
Will this decentralized messaging application require an internet connection such as whatsapp and telegram? Or will it really work like the normal messaging used in each country?
I could read that they will implement the use of NFT stickers, which can only be used when being traded, right? But if this is the case and as the NFTs are completely unique, then each user will have their stickers that will only be used by them? Or can the same sticker be used by several users?
To send or receive payments with Sappchat will we have to link one of our Dex or Cex wallets? or does your application really have its own wallet? If so, will they have DeFi products like stakes, pools and more?
You point out that Sappchat “is the long-awaited game changer when it comes to the use of mobile applications”, but could you really explain to us what are the changes and innovations that you are developing in the use of messaging? or are these innovations only in the DeFi world?
I understand that the Sappchat Wallet supports more than 50 blockchains, therefore, how much will be the costs and speed of the transactions made with your messaging application?
I understand that this messaging application will use artificial intelligence, but will this intelligence be used to provide statistics and data on the value of cryptocurrencies and their market only? Or will it really offer even more of the products and bots than those used on platforms like Telegram?
I understand that privacy is necessary for sending and receiving payments, so that they cannot be traced, but is it really necessary for couriers to be private? What are the risks that are run by not having privacy in the messages?
Sir I am a ios user most of the apps are first available only for Android. Do you following the same path? Is it available for both ios and Android ?
I read in your manuscript that the one of the project’s main objective is to boost the use of artificial intelligence (AI) for the application in various industries. Knowing the fact that many uses thus type of scheme, how do you assure that your project is more beneficial than the others? Can you explain the relevance of your project?
Your project, Sappchat has many competitors in this line of industry, and if you think about the non-crypto competitors, there is a huge number of competitors. Current chatting apps are already providing wide range of offers. When you consider this, what will make Sappchat different than the others service providers? Moreso, what feature of the application will make Sappchat get wider number of users from its competitors? Do Sappchat aim to stay in crypto world or does it also target to be one of the first choice app for non-crypto users?
Does your new project, Sappchat, can assure that the data privacy of your future stakeholders will not be invaded? How do you say so?
Sir I am from middle class family. I cannot afford large money for my studies. How can I utilize sappchat. How much I cost for that?
Hi Sappchat!
Sappchat positions itself as the world’s first decentralized messaging app with integrated decentralized banking that is powered by blockchain and artificial Intelligence technology. Sounds like a killer combo! Would you please tell us what are the benefits your chat app gets from being on blockchain compared to more traditional centralized competing chat apps like Telegram, Whatsapp etc? I’d like to ask, what tasks do you use AI for and how does it make user experience better? Thank you!
Security, privacy, user friendly.How you connect these together? Which one is more important to you? For me it’s security. I need to know how secure is sappchat? Also how can you protect out privacy?
Hi Sappchat!
Sappchat is promising easy access to DeFi inside the app, by saving their cryptocurrency on Sappchat users will earn interest up to 130% APY! With Sappchat users can also borrow instant loans by collateralizing their crypto. Could you please explain how you provide this DeFi functionality, is it in collaboration with 3d party defi staking and lending platforms or are you developing your own DeFi ecosystem? What are the main use cases for instant loans in the chat app, will these loans be available in fiat or crypto? Thank you!
Hi Sappchat!
Sappchat website tells that the app is built on Multi-Chains. Sappchat’s multi-chain technology smart contracts enable users to manage all their variety of digital assets securely in one place. Please tell us what chains you support now and what chains you plan to add in the future? Do you provide bridges to transfer assets between the blockchains that you support? It would be awesome to be able to move coins across the chains without leaving a Sappchat wallet. Thank you!
Does your project support staking program? If yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?
SappChat App and Sap Wallet will be having a Beta Version this coming 4th quarter of this year. So,can you tell us what enhancement we can expect with this Beta version of SappChat app and wallet? What will be its additional features? How tight the security of this apps and wallet latest version? When can we expect a mobile version apps for your SappChat and wallet? Thank you
The referral program that you offer applies to all referral levels (can I get a bonus from those invited to SappChat by my referrals) or can I only receive a bonus from those referrals that I invited myself? Is there a maximum number of referrals I can invite? Besides the referral program, what other programs can you offer, does SappChat have an ambassador program or programs for partners and investors?
I read that Sappchat utility token is used for yield farming, staking, and powering products and services within the Sappchat messaging application. I’m really interested with your farm and stake feature, could you introdice how will your farm and stake mechanism work? How much APY user will get?
You claim that Sapp have been audited by two reputable Auditing firms (CertiK and QuillAudits).
I understand that auditing a project need a lot of money, but could you explain the reason why do you need 2x audit with different company? Do you have problem with the result from 1sr audit? And any result from audit that can you share to us?
I want to ask regarding Sapp presale, I read that Sapp already doing Presale Phase 1 and Phase 2 last time, also want to doing Presale Phase 3, can you give the reason why do you need 3 phase to doing Presale? And what are the requirement if user want to join in the Presale? After the presale phase 3, will you launching public sale for Sapp token? When is it?
As stated Sappchat is a decentralized banking app that includes a unique feature, a messaging platform. From this feature, it will be given that Sappchat would surely receive recognitions from clients, once its available in app stores and play store. Additionally, due to efficiency and straightforwardness of the app. comprehension will prove to be no problem for clients. Although Sappchat contains an extraordinary element, how can Sappchat competes to already well-known apps on decentralized banking? How can it broaden its client pool with or without the help of the messaging platform?
how do you try to convince us of your authenticity and how do you ensure adequate security?
I am one of the crypto investors and I only care about the crypto prospects I choose, tell me the reason why I should choose your token over the existing one.? What are the advantages of your token that can convince me to change from my favorite token?
Purse
token
Text message
video message
is it possible that later there will be a sappBrowser?
with all your security , if all users can run it easily ? as easy as whatsapp
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