We are pleased to announce our next AMA on July 24th 2021 at 01:00 PM UTC Time: Satoshi Club x CryptoArena
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join CryptoArena Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. CryptoArena Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about CryptoArena
For more details:
CryptoArena Website – cryptoarena.org
CryptoArena Telegram – @CryptoArenaOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
It caught my attention that you distribute rewards to active users on your platform. What kind of criteria do you use to measure the active status of each user? Does it depend on the trade volume or the value of their holdings? For this procedure, do you allocate all the revenue generated by the platform? What is the benefit does CryptoArena get from rewarding active users in this way? To generate a considerable active status, users may use bots. Do you have a mechanism to filter human activities?
Third round of your presale has been scheduled to 4th of August and it has been mentioned that the maximum investment is limited to 10 ETH. What is the reason behind this restriction? Further, what is the minimum investment? When I was filling the whitelist form, I noticed that extra requirements for participation are not applicable for VIP and elite holders. Who are these VIP and elite holders? Can they invest more than 10 ETH? Is there any procedure for us to become a VIP or elite holder?
Your mission is to deliver a real decentralized exchange. Please explain about the issues you have noticed with existing decentralized platforms. What made you to think about this new concept? What kind of challenges did you identify when putting this new concept in to practice? How are you going to overcome them? Please explain the experience of your team members in decentralized finance and the milestones you have already achieved. How do you assure that CryptoArena will not be a flop?
CryptoArena, according to your website, is a small garage startup attempting something truly novel. True innovation has occurred, and there will be more in the future. None of them, on the other hand, like you. This line has piqued my curiosity. Could you please explain why you said that and how CryptoArena differs from other exchanges? What can Users expect from you?
I red on your website, and it got my attention, that when 100% of ALL net revenue generated by the platform is subject to public distributions, the process has been completed. Am I reading that correctly, 100%? How is this possible? Can you elaborate on this?
NFT Impact is a unique mass sender tool developed by CryptoArena that is capable of delivering many millions of NFTs per day, at a negligible cost and it also aim in solving the problems many crypto project face.Apart from the 3 things you mentioned in your article of what your tool can do for an NFT creator,how will using CyrptoArena NFT Impact tool help the creator to Keep track of the data he or she already have and magnify segments?It is relatively easy to measure outcomes such as sales, profits, market share and stock prices,how will NFT Impact help an NFT creator to know what drives his or her NFT growth?
One of the major features of Crypto Arena is copy trading. But for doing copy trading there should be good profitable traders from whom we can copy. Usually, platforms don’t have such good traders I had a bad experience on other platforms, their traders use 125x leverage which is a pure gamble. So how you are going to bring good traders to Crypto Arena and keep the level of copy trading high?
Copy Trading is one of your key features with 3 key points that First,It Connect users with ranked traders to auto-copy their trades,Do you have any good trader were users can copy from?Do you plan to create a social trading platform( like a mobile application) where users can copy trades of professionals using a user-friendly app? Second,it is stated that I will only pay when I profit from copy trading,How much will copy trading cost me on your platform?Will copy trading with CryptoArena provides access to varieties of markets and how many trading instruments will you offer under one roof?And lastly,Users interface is optimize for inexperienced and pro users alike,What is your goal of using UI in copy trading? Do you have plans to work with any top copy trading platform providers?
CryptoArena has a Gear shop,where shirts,hats,bags etc are being sold.But I couldn’t find any of such items on your article.Can you tell us more about your Gear Shop?Do you have a Marketplace were one can purchase an item?Can we have a sneak peak of some of your items in the Gear Shop.
It would be amazing if every project was really designed for the benefit of the community in general and not only for people and corporations that enjoy certain privileges, how CryptoArena will proceed to reach that part of the community that has not been taken into account, how it acts In this sense, the decentralized exchange, what are its functionalities and how does it intend to provide new opportunities and hope for better economic standards?
Most financial projects are maintained or sustained by the interests they receive from the transactions carried out by their users and clients, considering its premise “decentralized” should also mean “free of special interests”, as would be the sustainability of the platform, they say with another service or product that generates safe and constant income?
Since CryptoArena gives the opportunity to have a personalized combination of blockchain, smart contracts and a dedicated security token, which chain do you consider to be the one that best suits the project and both beginners and experienced participants will obtain the best results. What is the functionality and usefulness of the CATS and its $ ARENA token?
According to your statement, CryptoArena employs a layer 2 distributed blockchain with the PoRD (Proof of Revenue Distribution) consensus protocol.However many people, continue to be unfamiliar with blockchain and cryptocurrencies. How do you get non-crypto players to know about your exchange?
According to your website, CryptoArena’s vision is to bring together experienced traders and newcomers. How will you teach me trading strategies as a new trader? Do you have any trading tutorials or lessons? What will advanced traders’ responsibilities be?
Your goal is to reach a point where 100% of all net revenue generated by the platform is subject to public distributions. But I still struggle to understand how this revenue will be generated, what the products offered will be, and just how exactly the platform makes money, and what do users need to do to receive it. I consider these to be some of the main points of concern when investing, so could you please explain them clearly in simple terms?
According to your website, there are contests and events.Will they all take place on the same platforms?What would be the theme of the contests? Are these contests open to all users? If that’s the case, what are the requirements to participate that contest?
You’ve talked about three states of decentralization “Self-Decentralization”, “Self-Decentralization Process”, and “Self-Decentralizing Exchange”. What state are you on? Your goal is to reach a Self-Decentralizing Exchange and you’ve said once you reach it, you will have also reached your conclusion. However, this state can be considered to be a long-term one, will the project be completely self-sustainable by then? Will it need zero human interaction to function?
Can you please explain more detailed the S-DEX (Self Decentralizng Exchange) feature of CryptoArena? What is the difference of this feature when you compare it to the ordinary DEXs? People own their wallet and all the personal informations when they are using DEXs already, How can S-DEX make it more private and beneficial for the users?
The gamification of CryptoArena took my attention since I always think gamification makes projects a lot better. Can you please give some information about participating and rewards? Is there any pre-steps for being eligible for participating to the gamified features? How will you reward your users?
Will your native $ ARENA token be affiliated with other platforms? What would their exchange houses be?
What impact do you think your project will bring with this innovative project?
What strikes me the most is that 100% of all net income generated by the platform is subject to public distributions, what makes this possible? Doesn’t it bring you some disadvantage as a project to make 100% of the income subject to the public?
I have seen that some platforms do not allow a wallet such as binance. What wallets can be affiliated with this platform?
S-DEX suena llamativo al parecer un exchange único diferente a los comunes, ¿Puede hablarnos más de esto? Se le toma bastante importancia al anonimato y seguridad en el mercado de los cryptoactivos, ¿Cómo piensas abordar este tema?
I understand that you want to reach a self-decentralized system, it is more likely to be in the long term. What are your objectives to achieve it? How do you see the platform in the future?
☑️ I have understood that CryptoArena is based on the U.S, so CryptoArena requires any verification or KYC to operate? How do you manage the Legal things of your project? Will you leave the U.S?
I realized that users doesn’t affront any risk, the only get rewarded if they get profit, but can you tell us what are the incentives/benefits that you offer the creators of the trading strategies?
Nowadays in the world of cryptomonedas there are many projects that disappoint, being a non-profit platform catches my attention, how do they see themselves in the long term with this platform?
The competition of platforms referring to cryptocurrencies today is quite wide, what else will they offer to keep their investors that the project of their competitors is not more striking and be preferred by DEFI?
The competition of platforms referring to cryptocurrencies today is quite wide, what else will they offer to keep their investors that the project of their competitors is not more striking and be preferred by DEFI?
They will offer events and promotions so that users can generate more profits. What else do you plan to implement to make your project more attractive?
CryptoArena is a social crypto platform where users can shares their trading strategies to obtain profits, but this is not something new, can you explain us what make your copy-trading ecosystem unique in comparison with others? Also what happen if a signal goes wrong? There exist a risk of loss ?
The growth of a company is in part being able to have partnerships to have short and long-term collaborations, do you already have one? What else will the platform offer to keep your customers considering a partnership?
CryptoArena use a very interesting concept called ” S-DEX” that is explained like a self-decentralized Exchange, but I don’t understand what the real potential of this, can you explain us why be self decentralized is better that typical DEXes ?
There are different cryptocurrencies that are used today.There, obviously bitcoin is one of them, what tokens will this platform handle?
CryptoArena is an exchange linked by smart contract to automatically reward active users, contests and events are part of the income generated by Users, such as incentives and rewards for performance, what is the key characteristic in the distribution of income?
What is the exchange of Self-decentralization? And what is the goal of CryptoArena, when all the net income generated by the platform is subject to public distribution?
I’m curious about the Glory Point you implement to reward active users, is it some type of reputation mechanism? Can you tell us what actions will lead the users to earn points and on the contrary how will they loss them? Also, can you explain the utility of this Glory Points regarding your gamification features?
From what I read, Crypto Arena is aiming to make trading features fun and accesible, could you tell us what features have you fitted for starters? And what is exactly this that characterizes your options like fun?
CryptoArena is the first self-decentralized Exchange, an exchange that redistributes platform-generated revenue to its users through a game-like point scoring system!
According to this definition, how much of the platform revenue will you share with your users? In order to participate in profit sharing, a user must start from where and what conditions must be met. Also, what are the details of the “Game-Like Rating System”? What should we do to increase our score as much as possible, will increasing the score depend only on the trade volume or can we increase our score by participating in programs such as referral program etc?
It caught my attention that in your white paper you describe your platform as the world’s first “Self-Decentralized Exchange”. Have you taken the concept of decentralized stock market to a higher level? Can you explain what features an exchange should have in order to be fully decentralized and what mistakes Cryptoarena will fix in other decentralized exchanges or what innovations will it bring to the world of decentralized exchanges?
Many investors jumped into the sell and sell session once your product was listed on the first exchange and operated. How did your project prevent early investors from selling their tokens and what advantages would you provide them?
I’m interested in incentives; what are the incentives in the ARENA ecosystem for users and ecosystem providers, and why should I utilize ARENA? Please tell me more about yourself.
Right now, where can I purchase your tokens? What is your current contract, and how can I purchase it? Will you have any more DeFI features in the future, such as staking, yiekd farm, or NFT? Could you tell me a little bit about your plan?
Arena means sand in spanish, Is it sand related to your project? What is the Cryptoarena name’s meaning?
The CryptoArena institutional grade market intermediary technology, better still the S-DEX, can fall within a general class known as the “Unstoppable DeFi”. As exchanges spring up, the possibilities with type of products and services at which the DeFi market can be structured, utilised and transformed become limitless. With your novel S-DEX, can you carefully explain how it is different from the general platform rewards and dividend distribution schemes currently adopted across projects? With a near total dominance by some notable CEXs and DEXs, why do you think the CryptoArena DEX will be most preferred in the future, even as the S-DEX tech is your flagship feature, do you think this alone will be sufficient to creating a market leading DEX?
The CryptoArena ecosystem utilises the combination of various technologies and chains in it’s operations and security outlays. These includes; Polkadot, Kusama, Substrate by Parity Technologies, Zenroom, Dittofi, Web 3 foundation, and a host of others. How does CryptoArena effectively utilise the partnerships with these platforms, what are their specific roles in the CryptoArena ecosystem, and what layers of security does the CryptoArena adopt across it’s range of services and products. Additionally, can you explain why CryptoArena chose the Polkadot Relay Chain as it’s Layer 1 infrastructure?
The locking duration on your staking feature is 6 months, and you can claim your CATS rewards every 7 days. Isn’t it 6 months is too lengthy duration for stakers? Why did you decided six months for locking period? And also if I want to unstake my cats after the locking period is it quickly claimable or you need to wait for how many days?
I noticed that one of Crypto Arena’s feature under gamification is that you can Earn Glory Points with trading. The bigger your score, the bigger your share. Im curious about this Glory points , can you give us an idea about this feature? How is this gamification actually work? And also if I earn big points what share will I received? Lastly why is called GLORY POINTS?
You focused on building a first-of-its-kind institutional grade market intermediary that you refer to as an S-DEX (“Self-Decentralizing Exchange”). How do you manage to join the two words together since a full-decentralize project will transfer control of any activity to several users or authorities rather than one single one. Being the first self-dex, Does that mean it is 50% centralized and 50% decentralized? How do you want crypto investors to believe your exchange since it is not fully decentralized?
100% of ALL net revenue generated by the platform will be subject to public distributions, How do you plan to finance this project since no percent will be left out?
Hi CryptoArena!
Among many use cases I noticed you mentioned staking $CATS as one of them. What investor doesn’t love staking in DeFi to generate high APY, right? 🙂 However I only saw documentation mentioning single sided $CATS staking pool, will there be staking LP pairs in the future that will potentially generate higher yield? What are your plans towards attracting investors who do not want to play the games but would gladly deposit liquidity in CryptoArena to earn rewards?
Thank you!
Hi CryptoArena!
I’d like to ask about CryptoArena’s economics model. Could you please share the main sources of the platform revenue that will allow both the project team and investors that hold $CATS tokens earn sustainable revenue. What functionality will CryptoArena have to keep the $CATS price from going down due to minting of new tokens? I guess what I want to ask, is your economics model sustainable and can it benefit both the investors as well as the project?
Thank you!
Hi CryptoArena!
CryptoArena hasn’t released a product with gamified elements yet, but I see an exciting future ahead with your team developing an NFT Arena game! Do you have a beta we can take a look at? What is the genre of this game and will winning mostly depend on skill or a random chance?
And lastly, as I understand, the CryptoArena exchange will also contain some gamified elements. Could you please share how some of these exciting gamification concepts will work?
Thank you!
CryptoArena periodically distributes platform generated revenue back to its users using the Glory System.
All Users on CryptoArena accumulate Glory Points through activity, tallied monthly into a Glory Score. What are Glory Points and Glory System? From what activity do users receive Glory Points, what function do these Points have and how can users use them in the future?
Recently you announced your Uniswap v3 CATS Token listing dated for August 6th, 2021, Listing Price (ETH): 1 ETH = 25K CATS and Listing Price (USD) x token: $0.08. Since you planned for “listing” do you have pre-sale for this project where investors can fund a this project before it becomes publicly available at a discounted price.
We can trade NFT1V1 card game on your self-DeX exhange, you gave us the go ahead that the the game is easy but hard to master, we can also win NFTS and CATS token. For the game lovers, can you share with us the MODES of this game. How can we sure that our data is totally safe and secure since you choose to be self-dex and not full-DeX? what is the probability that no chance of Data manipulation?
CryptoArena Tokens $CATS is an utility token built on ETH network. We can involve in NFT ARENA battle to win $CAT. What is the benefit of holding $CAT token,how can we utilize premium perks with custom notifications while holding $CAT. You listed some features for your token like single-sided staking; Run a node NFT ARENA; Ticket to passive income. How does these features work, can you give more explanation about these?