We are pleased to announce our next AMA on July 16th 2021 at 03:00 PM UTC Time: Satoshi Club x Polkachipher
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Polkachipher Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Polkachipher Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Polkachipher
For more details:
Polkachipher Website – polkacipher.com
Polkachipher Telegram – @PolkaCipher
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Which do you think is more important:
1. Community.
2. Investors.
3. Token Price.
If all of the above is important to you which should come first??,”#POLKACIPHER
PolkaCipher is a cross chain privacy preserving project on Polkadot ecosystem with innovative features and products .
Why did you select Polkadot ecosystem for your project ? Any special advantages or affliation with polkadot?
what are the reasons that motivates you to start such a cross chain oracle , PolkaCipher ?And why is the name,polkaCipher ?what are the unique features you brings with Polkaciper to DeFi world ?
I saw polkachiper has introduced several features and products which mainly aim businesses .
Can you please simply explain us what are the bNFT and how do they work?What is the necessity you identified to introduce bNFT?
Why is separate bNFT trading platform named cipherDEX?How does it work ?
I saw that polkaChiper has introduced so many unique features and products for businesses.
But I need to know If I dont have any Bussiness.,
how can I make a profit as just a $CPHR holder ?
What are the use cases and utilities of $CPHR within polkaChiper ecosystem ?
Are there only bussiness focused NFTs available within PolkaChiper ?
According to your website, Polkacipher IS focused on one niche, “The Commercialization of NFTs”, and through this, the project plans to utilize NFTs on different areas like gaming, insurance, legal and finance. In the finance section, you wrote on your documentation that you plan to allow users to stake and mine NFTs. May I know, what will be the rewards and compensations for NFT stakers, will it be also NFT rewards or $CPHR token and how will the rewards be calculated?
One of your products you promote is ‘Truss’, where people can lend, mine and stake $CPHR tokens. As you mentioned, Polkacipher mainly focuses on NFTs. In the future, would you consider including NFTs to be part of your Truss product where users can lend, mine and also stake NFT for compensation and rewards?
One of the product that Polkacipher intrigues me is the bNFTSs or the Bussiness focused NFTs. It allows privacy-enabled business document that can be privately minted, distributed, and collected. So this kind of NFT is suitable for businesses and legal documents for sensitive and confidential data. For this product, we are speaking of legality, so may I know, does Poilkacipher’s team has a legal and management team that will handle its legal concerns and those matters alike?
While looking for information about PolkaCipher, I read that the platform has as one of it’s security methods something called Polkacipher Identity (pID) which is a unique ID assigned to each user. Can you tell us more about this pID and how does this ID system work? What makes it unique? Is this pID needed for every product and feature within PolkaCipher’s platform? Also, speaking of security methods, what other measurements does the platform have for protecting it’s users?
It caught my attention that on your Medium page there is this article announcing that PolkaCipher will migrate from Polkadot to BSC, can you tell us more about this? Why did you decided to change to BSC, what reasons made you take this decision? What advantages will this migration bring to the platform and to it’s users? Also, it made me curious, once you’ve finished the migration, will you change the project’s name as it’s related to Polkadot?
I saw on your Docs that PolkaCipher will have a Reward and Penalties Distribution system, can you tell us more about it? How will this system work? Who can receive this rewards and what do users have to do in order to receive them? Also, what can we do with such rewards? On the other hand, what actions within the platform merit a penalty? When users have penalties, what things they won’t be able to do on PolkaCipher?
To ensure the secure computation, there are many technologies like Homomorphic encryption, zk-SNARK, Trusted Excution Environment(TEE). They seem to be good candidates but PolkaCipher adopt Zero-Knowledge Proof to protect the data from prying eyes and mishandling. Can you let us know the reasons for choosing it as your project core technology? How this open source blockchain framework ensures custom levels of privacy and confidentiality ?
I see that PolkaCipher has a feature called Multi Chain Interoperability. It mean that PolkaCipher will be fully compatible with multiple chains to provide a bridge that can securely transfer data and remain private at the same time. Without using an intermediary party in the process ,how can Cross-Chain Swaps between public and private network?
One of PolkaCipher main products is eData which secure Data collection for businesses. My questions are how to access eData and how many tokens do users need to stake to activate the locker ? “These NFTs can be minted privately or publicly based on the user’s choice.” What are the differences between minting privately and publicly ? What are benefits ?
Could you please explain about your business focused NFTs? How do they differ from normal NFTs? Are there any prerequisites to mint bNFTs? You have indicated they work as legal documents. Please let us know when bNFTs can be used for legal purposes. As per my knowledge, “Business focused NFT” is a new concept. Did you identify any challenges on minting and distributing bNFTs? Do you have enough experts in your team to handle the activities of this NFT type?
To run a project smoothly, there should be an experienced team behind. Who are your team members and what are their specialities? You have mentioned about two offices and indicated that there are devs, managers and advisors in you team. Why they remain anonymous? You are introducing a set of new products to the next generation. Therefore, there must be team members with adaquate qualifications and past experience. Then investors can trust you. Without a proper understanding about the background of your members, how can we rely on the future of PolkaCipher? Do you introduce your team members to the community in due course?
Currently PolkaCipher platform has been accompanied with 14 strategic investors & 2 partners as your website says. And they are big ones. So will you consider their ideas, that they represent to to your team in order to develop PolkaCipher as a strong & highly potential platform? How will you help to them to approach their targets in mean time? Do these partnerships help to add transparency within your platform? Will there be more investors & partners with PolkaCipher platform?
You have mentioned that PolkaCipher platform will be fully community owned & decentralized when it’s ready. So that’s mean, will you & the PolkaCipher team renounce the ownership in future? What if there will be a apperance of unexpected situation that your interference is necessary, will you involve in such a situation? And also the governance of community is implemented through a voting system on key decisions of PolkaCipher platform. So will it needed $CPHR tokens to claim the vote right? If yes what is the minimum amount of holding $CPHR to eligible for governance rights?
In Q4-2021 Roadmap, PolkaCipher will release bNFT & P2P private NFT transfer terminal. We all know about NFTs but no about bNFTs. Can you tell us what are these bNFTs to be introduced by PolkaCipher platform? What are the real world benifits of bNFTs? How about the scarcity & uniqueness of bNFTs? Will these bNFTs be created by PolkaCipher team or other artists/creators? And also considering about P2P private NFT transfer terminal, it will be a high potential feature for PolkaCipher platform. What kind of facilitations, will this P2P network bring not only to PolkaCipher platform but also to the whole NFT ecosystem? Please share with us which kind of Technical tools, you expect to add in this P2P network? Most peer to peer networks have very little security available to protect the information stored on individual terminals. What about the security condition of your NFTs P2P network? Can we transfer our NFTs with 100% secure?
You have recently announced a partnership with NFTAlley. NFTAlley is a fresh marketplace which was conceptualized in the first quarter of this year and was launched in the second quarter. There are several marketplaces with a considerable lifespan. Therefore, can you please explain the reasons for choosing NFTAlley? What kind of advantages does PolkaCipher get through this partnership? On the other hand, what are the benefits does NFTAlley receive? Let us know about the facts you have considered when choosing NFTAlley. Further, what kind of partnerships do you build up in the future?
About 2 months ago, you announced a successful close of your Seed and Private rounds after you raised $2,020,000. Why did you allocate 18% from the 18.90% total supply given to sale, to seed/private investors while only a paltry amount which is 0.90% of sale allocation is given to public investors? How were the VCs/partners that joined the sales selected and what is the schedule of their token release? Also, why is the the team allocation (150 Million $CPHR) almost equal to the total amount of token you are releasing to seed, private and public investors all combined (189 Million $CPHR)? How is the team token vested and controlled? And for the IDO you will do on TrustPad, on July 20, how can users be among the top 15 to earn a guaranteed spot out from the 100 whitelist winners that you will have?
Going through your project I discovered that one of the main aims of polkacipher is to bridge the gap between off-chain internet economy and on-chain blockchain decentralized application. In order for this to be achieved, PolkaCipher will have to rely on verified vendors to provide accurate and trusted data… what vendors is polkacipher working with in this regard, how will the vendors you work with be selected and what are the things you look at when selecting vendors to work with ..
PolkaCipherhas what it calls a community autonomous Data Matching Mechanism which will use smart trackers to match the input data on polka cipher with the output data.. this is to ensure there is high accuracy in the data that passes through polkaciphers platform, so how does this community autonomous Data matching mechanism of yours work, and whatare the specific roles of the community in this mechanism.
Among the the solutions PolkaCipher provides for users are; Loans on NFT’s, a DEX for private swaps called CipherDex , and a digital locker secured by NFT’s.. So how will this three solutions work in polkacipher, how can users be able to access and be granted Loans on NFT’s using polkacipher, and how will cipherDex which will be a DEX for private swaps work.
Polkacipher’s key decisions will be done by community through voting system to achieve full decentralization.My question is,Can you tell us how voting and governance is implemented on your platform?For users who want to participate in your Governance,will they have to hold tokens before they could participate in voting?What right will be granted to users who hold governance tokens? Thanks
Polkacipher is focused on one niche “The Commercial of NFTs”.Can you tell us what industry will be your main or first target?Do you have any specific geographical region or segment industry to commercialize with?Do you also have any partnership with any commercial industry?Thanks
One of your product is Truss-Lending/Staking/Mining Platform. You said this will enable token holders to generate more reward by empowering the system. How does staking and platform mining takes place? How will community use the staking and mining features to support data collection nodes and PolkaCipher data integrity system? In what ways are users incentivized for staking? Also, how will your lending or borrowing services be done and in what way is it related to staking/mining?
The design and implementation of PolkaCipher primary function of bridging the divide between decentralized applications (dApps) and real-world data is broken into two components which are on-chain and off-chain. Which of your protocol’s activities are done on-chain and which one is off-chain? How do you manage node selection and data synchronisation from the off-chain components which are managed by third party Layer 2 operators? How will you return off-chain result back into off-chain contract and In what way is off-chain and on-chain components designed to operate effectively in order to achieve a sustainable economic model?
Polkacipher’s IDO for $CPHR is on the 20th of July with TrustPad.My question is,During your IDO which cryptocurrency will be accepted and what is so Unique about $CPHR token?Can you tell us about the IDO’s price,Value and Vesting?What powerful features will you set up to ensure that $CPHR token distribution even will be fair and equitable making genuine supporters to join your community of token Holders?Which countries are restricted from participating in your IDO and if you happen to have some persons in these restricted countries who are willing to participate in your IDO are they allowed to use VPN?Can you share with us the procedures to participate in your upcoming IDO?
The TrustPad IDO will occur on July 20th. For the PolkaCipher community, this is a great opportunity to become an early adopter and get our fair share of the $CPHR tokens. Is the whitelist process already available to apply? How will the selection procedure of the users who will be able to participate in the IDO? What are the reasons why a user may be disqualified from participating?
The whitelisting registration is currently running and already mane participants participated for TrustPad IDO. Since some projects are doing multiple IDOs, I would like to ask if TrustPad is the only IDO for PolkaCipher? Can you please explain the ways of participating your IDO? Will you request KYC for whitelist winners?
Many projects lost most of the value of their tokens due to mass sell by whales and bots after they launch their tokens. Do PolkaCipher have a system to prevent this happening? For example, do you lock your liquidity? If yes, for how long do you plan to lock liquidity?
One of the most recent partner of PolkaCipher is NFT Alley which not long ago made a AMA session here, in Satoshi Club and introduced its great project to us. Can you please tell the main reason of choosing NFT Alley as your partner? How do you think this partnership with NFT Alley can contribute to PolkaCipher?
You mention that the collection and distribution of data for application purposes should be kept private, to accomplish this, all data transmitted via the blockchain is encrypted and secured using zero-knowledge proofs to ensure data privacy. How does PolkaCipher guarantee the maintenance of the integrity of the data? How do you ensure that the data is collected and distributed fairly? How do you reward or penalize data providers?
What makes PolkaCipher different from most of the oracle machines currently available in the blockchain ecosystem that focus on providing data services for Defi? Is PolkaCipher’s approach different from those of other projects? How does PolkaCipher facilitate the incorporation of the blockchain into the everyday economy?
Within the PolkaCipher platform NFTs can be used to issue governance rights without obligation to hold tokens and can be transferred to other parties. You mentioned that currently governance rights are inherently flawed. What are the reasons why you consider that? Will the NFTs allow a fair chance to all the current users of the platform / project to be able to have a chance to drive the project’s future? What do you consider the main benefits of governance being through NFTs instead of through a token?
The PolkaCipher White List for TrustPad IDO started on July 14, 2021 and will close on July 20, 2021. Having filled out the form to participate in the White List, I had a question. If any bot records are found, they will be removed until a randomized selection of matching users is found, which will then be whitelisted for IDO. I was wondering how you will recognize bots, what mechanisms do you use for this? Would it turn out that your verification system will fail and real people will be disqualified by mistake? If participants are disqualified, will they receive a notification about this to give them the opportunity to prove their reality and be able to participate in a randomized selection? And as I understand it, 15 places in the White List will be automatically given to the first in the ranking in terms of the number of points scored when we fill out the form. How do I know where I am in the ranking?
As NFT technology develops, NFT projects also increase, but most of these projects have art, entertainment and game concepts. However, there are very few NFT projects related to areas regulated by law. How do you think this problem can be solved, is it very difficult to use NFT technology by government agencies for a solution? How will you contribute to the solution of this problem?
While reviewing your project, I saw that you are supported by very important VCs in your medium account. How much funding have these organizations provided for the development of PolkaCipher and for which areas will you use this collected fund?
As the PolkaCipher project, you aim to bridge the gap between the off-chain internet economy and the on-chain blockchain decentralized application. In order to achieve this goal, what products have you designed that will enable it to become a large and powerful ecosystem that can fully meet the demands of investors and users?
Recently, the level of awareness about data privacy has started to increase and data storage has become more important due to crypto cyber attacks. PolkaCipher’s work in the field of Corporate data privacy will make significant contributions to the crypto world, but unfortunately we also need to think about malicious people. How will you prevent a corporate business from using PolkaCipher’s great service for legitimate purposes to launder money or hide data that is not obtained legally? Do you have any preventive or supervisory mechanisms designed for this that can ensure that malicious use is completely prevented?
One of the security methods of the PolkaCipher platform was the use of the PID (Polkacipher Identity) authentication system, which is a unique identity assigned to each user. Could you please tell us how the pID Authentication System will work and the benefits you expect it to provide? Did your team develop this system or did you acquire it from a third party and was it really necessary to use such a system? Considering your structural feature in security, what other security measures have you taken for your users and investors?
One of the things that makes Polkacipher special is that you will adopt adopt Zero-Knowledge Proof, which will serve to protect user information, even on your website it is mentioned that Data Providers will use PolkaCipher’s encryption Library to remain anonymous, from which I can conclude that anonymity and security is an important part within Polkacipher. I would like to know how you intend to identify the users within the Polkacipher platform in case there is any problem related to the publication, sales or purchases of NFTs when all the information regarding the users, and the transactions they make will not leave traces?
Could you tell us more about your bNFTs product? What’s necessary for a business to be eligible? Are there any minimum requirements and/or documentation they need? If not, how do you make sure businesses are legitimate and safe to work with?
On your website it is mentioned that one of the features that makes Polkacipher special is that the NFTs minted on PolkaCipher can be used as legal document by businesses . However part of what makes Polkacipher special is the Zero-knowledge proof policy, so how can these NFTs be used as legal documents if in theory all information within the Polkaciper platform about its users should be completely anonymous?
You aim to finally break the barrier between blockchain and real-world data through the commercialization of NFTs, and that is understandable since NFTs are a booming market right now, but, many people, even those who are crypto savvy, struggle to understand the real value and use of NFTs. You listed NFTs’ main use cases as Insurance, Gaming, Legal, and Finance, but I am still unsure of how NFTs can be used for these purposes, so would you please explain what are the specifics behind the NFTs, how are they created, how can a business own them and transfer them, and how will they be valuable to them as real world assets.
I did read that your NFTs can be used to privately transact between two parties without revealing any information to the public and can be made fully or partially available upon request. That’s a great innovation that PolkaCipher offers. What method will your private registry use to secure the data in your NFT registry?
The applicability of PolkaCipher as an oracle is interesting as they focus on NFT privacy for businesses and more, but this one is the one that caught my attention since the NFT market has been very trendy these days, could you tell us some examples of the NFT projects that can take advantage of PolkaCipher technology for legal and security issues?
I could see that you have a product called SuperStable that basically combines an ecosystem of cross-chain stablecoins for other of your products like eData, bNFTs and Truss. Can you tell us about adding stablecoins to your ecosystem and why is it important for other products? What stablecoins are available for purchase / sale and use?
Partnerships are important, so could you tell us who your current partners are, what benefits you bring to each other, if you have a partnership plan for this and next year, if so, what are you looking for in your new partners and what do you have as a project to offer them?
Tell us a little about the products offered by PolkaCipher, how they differ from the many other products on the market, what problems do they solve, what are their particular benefits, what do users need to use them, is it necessary to have your native token to be able to use your tools?
In a bid to expanding the application of NFTs, DeFi and it’s usecases in business, Q4 2021 PolkaCipher will look to launch it’s mobile App and mobile wallet integration, carryout exchange listings, and launch a P2P private NFT transfer terminal. As these products aid in reaching PolkaCipher’s targeted goals, can you briefly shed more light on the P2P private NFT transfer terminal; it’s functions, type of NFTs transferable and eligibility of users? With the launch of the Mobile Apps v1.0 and multiple wallet integrations, what proprietary features would PolkaCipher integrate with these products to ease usability and maintain strong security, and what exchanges would you consider listing on?
Polkacipher website says clearly that is a CROSS CHAIN and multi-chain oracle, so can you tell me how many blockchains are compatible with Polkacipher?
❤️ Polkacipher name suggest that is very committed with the privacy and encode features, so can you tell us how many privacy services do you offer? Which encryption method do you use?
NFTs have come to revolutionize and today they are being used by many projects in different ways, my question is, in the case of PolkaCipher, how are the NFTs used, how are they different from the great amount that exist in the market today, why do you consider that your NFts are ready to compete in the market and be successful and what will be their most significant utilities within your platform?
having so many projects with similar concepts to the one you offer through PolkaCipher, why should users invest and/or participate in this particular one, what are your most significant utilities, why do you consider that you are a project worth investing in, what differentiates you from your competitors, how do you help the community and how do you demonstrate that you will be useful in the long term, that you are here to stay and that you are ready to face any difficulty that may arise on the way to your final goal?
I was struck by the fact that they point out that bNFTs could be used as “legal documents, property transfers, access passes and more”, but really why do they have to be bNFTs and not that conventional NFTs meet those utilities? or is it that PolkaCipher provides them a different use and therefore requires the bNFTs?
You point out that your main objective is to expand NFT applications, but how much can they really be expanded? Could it be that with PolkaCipher the NFTs could have a much more practical utility in our daily lives?
I know that implementing ZK-Rollup provides great privacy and security in non-fictitious token transactions, but is this mechanism really compatible with NFT tokens as well? or really PolkaCipher managed to adapt privacy to NFTs because it will handle personal information, right?
If you really want PolkaCipher to be used when NFTs have important information, then collectibles that are created in a few minutes and without much “important information”, will not really be compatible with PolkaCipher?
I understand that PolkaCipher has multi-chain interoperability, but do they really have this interoperability between all current chains? If so, have they already carried out a test proving its effectiveness? or is it just the same interoperability that Polkadot provides?
You say that as soon as PolkaCipher is fully ready, it will be community owned and fully decentralized, but have you really defined when it will be available and fully functional, or do you have to test the alpha and beta versions to launch it?
I could read that they will use their native CPHR tokens and other stablecoins to finance NFT collectibles, but what do they really mean with this financing, will it be with the aim of providing more profits to NFTs that we do not know? or just for the payment of transfers and loans?
Regarding your native CPHR tokens, I know that it will be used for the ADP ratings auction, but could you really give us details of these auctions? How many minimum tokens will be required to participate in both the auction and the governance by the community?
If really the only focus of PolkaCipher is the expansion of NFT collectibles, then what relationship will these NFT have with the pay and salaries they seek to implement? Could NFTs be used to support these payments? or really how will they manage to combine them?
Some unique usecases of the $CPHR token is the utilisation for bidding on monthly ADP (General Data Provider) qualification auctions, Data reception, and mining purposes. These listed usecases are somewhat rare and particularly unique to the PolkaCipher ecosystem. Therefore can you briefly explain these token functions, how are they used to auction ADP qualifications, to subsidize oracle node revenue, and in mining operations? How can the $CPHR token help developers and users perform seemless and profitable operations on the PolkaCipher platform, and what other community centered usecase can the $CPHR token be deployed for?
Polkacipher can only be used in EVM-based networks, correct? Or does it also have the ability to interact with other virtual machine chains?
Your roadmap states that you will launch something called “Superstable and bNFT” in Q4; could you please explain what these services are?
A stablecoin and a new type of NFT?
Could you mention the ways that PolkaCipher has to protect people’s payments and salaries through your platform? How do you make the payment process easier? And will they have a wallet specifically designed for payments?
I could notice that they have an option to block NFTs with a time-based mechanism. Could you tell us the advantages of using this security mechanism and how can it be made available? Is it necessary to be a contributor to the platform to have access to these types of functions and others such as governance and voting?
In celebrating it’s IDO announcement, PolkaCipher runs a 48-hour long social Media NFT giveaway. As stated, one lucky winner will receive $1000 worth of USDT at the end of the event. Even as we laud PolkaCipher on such wonderfully thought-out community event, I would love to know, why was the during of this giveaway limited to just 48 hours (which has probably ended as at now), and seeing the impressive response to this event, why is the prize given to just one winner? Drawing from the success of this community giveaway, would PolkaCipher look to organise and create more of these community backed social events in the future?
PolkaCipher, once the platform is completely ready, it will be fully community owned and of course decentralized, do you have a date scheduled for that moment, or an idea when it will be? How will be the process of delegating control from the team to the community?
In the name of security. PolkaCipher will adopt the Zero-Knowledge Proof design to protect the data and privacy of users, how is the process of validating data fee in this zero knowledge design?
Among the use cases of your characteristics are the legal processes for companies. Can you tell us about this system? And how does PolkaCipher help to unlock the full potential of businesses? What products are intended for business improvements in the market and why are they so focused on this sector?
Through your cross-chain options the NFTs will be available to many more people, however can you tell us how the fees will be handled in relation to transactions with NFTs? What will be the role of your native token and how will this help unlock the full potential of NFTs?
On your roadmap Q4 2021, you plan to launch a P2P private NFT transfer terminal. So,can you explain more about this feature that will be added in your platform? Why it will be private but not public? How will this P2P private NFT works? What would be the currency that would be available with this P2P private NFT? What would be the advantages and better impacts that this P2P private NFT will bring to Polkacipher network? Thank you
In your twitter,you just announced that you’ve made a partnership with NFT Alley. Considering that NFT Alley is an avant-garde multi-chain marketplace for minting(creating), selling, and trading crypto-collectibles seamlessly. So as we know that Polkacipher is also focusing NFT,did you not consider NFT Alley as a potential competitor for NFT? Why did you choose to collaborate with them? What win-win benefits that you will share with each other as a partnership? Binance also have an NFT Marketplace and as we know Binance is a great venture to capture with,so do you have any guts to collaborate with them in the future if ever, in terms of NFT marketing? Thank you
Trust, safety, and security are words that mean a lot to both developers and users. However, in the NFT and DeFi space, it has proven difficult. So, how are you going to convince the degens, whales, and then the normies that PolkaCipher has a secured smart contract? What are some of the protection you’re building to make your platform as secure as possible?
How does PolkaCipher offers better returns? What distinguishing features and characteristics do you have in comparison to competitors who focuses on DeFi and NFT technology? Can you also give us insight about your product Truss, what makes you believe that it is the best lending and staking platform, for NFTs, that exists today? By the way, when do you plan to launch your governance NFTs?
According to your plan, you’ll about to launch named SUPERSTABLE and bNFT in Q4, What do these solutions entail? Could you give us information about these kind of services?
Your main goal is to increase NFT applications, but how far can these actually be widened? Is it possible that, with PolkaCipher, NFTs will become far more useful?
eData, one of PolkaCipher’s key products, secures data collection for enterprises. My concerns are how to gain access to the eData and how many tokens are required to activate the lockers. Depending on the user’s preference, these NFTs can be minted privately or publicly. What are the distinctions between privately minting and publically minting? What are the genuine advantages?
Can you tell us how PolkaCipher will charge fees for making these types of transactions? PolkaCipher will use a cross-chain bridge to bring NFTs minted on Ethereum into the Polkadot Ecosystem. What are the possibilities for using this bridge ?
PolkaCipher is a cross-chain privacy preserving oracle network built in polkadot
why does your project choose for polkadot, what are the advantages that you see in Polkadot? Why not build on ETH, BSC, solana or other chain?
This is interesting because PolkaCipher want to change NFTs way out of its current paradigm, which is just for art collection right now. PolkaCipher will wrap data into the NFTs which open potential use cases. Can you list other NFT use case that you want to open beside as art collection? And what technology you use?
I read that Polkacipher have native token name with $CPHR token, how is the calculation that you give the token to your LiquidityPool community? Will you have allocation to Mining event for your community? And Do they need to do KYC / AML to join in or its allowed for everyone to join?