We are pleased to announce our next AMA on July 27th 2021 at 03:00 PM UTC Time: Satoshi Club x Phuture
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Phuture Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Phuture Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Phuture
For more details:
Phuture Website – phuture.finance
Phuture Telegram – @phuture_group
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
You kicked off this project by raising capital in Q1 2021 in which the community will have a say on how the DAO’s funds are allocated, which amounts to over 50% of the total token supply. The capital raise is still in process which most of the interested users are clueless about how to contribute, can you give us the steps and direction on how we can contribute to this project. And I learnt that contributing to a project at an early stage gives the users upper hand in the time on benefit, what is the plan and benefit you have for the contributors at early stage?
I read that PHTR is ONLY emitted to active users of the platform ensuring that they accrue more influence in the protocol. In this case which plaform are you talking about? PHTR can be obtained by staking your PHTR tokens, what is the difference between PHTR and PHTR token and how can we successfully mint PHTR token?
Recently, in your medium article you talked about the reasons why investing passively outperforms active management, so, as a new investor myself, I was quite invested in the article, and found it to be very reasonable. So, please tell us, when will we be able to enter the indices? What will be the requirements to enter? For community-created ones, is there a ranking system? How will newbies be able to identify an index with high potential?
With your Permissionless Index Creation, you will provide users with the tools to create new indices. However, I’d like to know how safe this is, for people with no investing experience. Will they still be able to create a successful index? Also, what are your insurance partnerships? What methods are used so that users are as safe as possible?
One of the special feature of Phuture is that it will utilise a rebalancing architecture which you describe as unique. You said this rebalance architecture can be used to improve index performance at more advantage times. Can you explain more about your Index improvement rebalancing mechanism? How is Phuture index rebalancing and reweighting index used and how does it ensures that index created on Phuture perform competitively above other index investment protocols? Also, does rebalancing only improve index performance during advantageous times or can this tool be used for index optimisation during unfavourable market conditions?
Phuture’s protocol’s smart rebalancing engine calculates the optimal assets to rebalance and dynamically defines acceptable weight ranges to rebalance in.In other to ensure an accurate Rebalancing calculations,what measures have you put in place to get an effective results?And does this Rebalancing engine run off/on chain?How has this engine benefited Phuture?
Phuture brings more logic to the rebalancing process through two initiatives; rebalancing bands and rebalancing surfaces.Can you tell us the process of these 2 Rebalancing?And how will they solve the value leakage process?
It is stated in your article that as assets increase due to index minting, keepers move the excess assets off-platform to earn a yield and as indices are redeemed and reserves reduced, keepers pull assets from off-platform locations to increase the reserves on Phuture. Who are these Keepers and what are their roles in Phuture?And how will this process measures your project long-term financial commitments and restores optimal reserve ratio?
Why is the use of indexes so necessary in cryotography, what are their main functions and on the basis of which variants can be created? Who, which or which are the bodies in charge of controlling them and making the necessary estimates so that more than one solution does not lead to a collapse of the system?
What does PHUTURE consider to be the safest way to undo that link between decentralized, innovative and reliable cryptography once and for all; and traditional finances with centralized parameters and without tools to survive in the face of external threats, as has happened with Covid-19 that during the last year unbalanced the entire system, tell us about your medium and long-term plans?
Even though DeFi has been one of the fastest growing sectors in the cryptocurrency landscape, there are some details that so far are unfinished, how PHUTURE will be able to handle aspects such as security, scalability and interoperability and instead of being barriers, they are strategies adapted to its nature and objectives to be achieved? Strategically, how do you prepare to join a market with many milestones and that has not yet completely detached itself from traditional finance?
During the last of your three AMA visits here, you talked about your testnet launch event which was to take place through zoom on June 12th but refuse to give much details about the testnet program so as to save announcement for the launch day. But almost two weeks since testnet was supposed to go live, its yet to be done as it appears this event has been postponed. Can you explain why the delay is necessary and when next we can expect public testnet to commence? In addition, can you provide some details on how the testnet event will be done this time and will you still be running a live public demo before the testnet? What will be required from beta tester and for how long will testnet be? And after testnet, what next?
Phuture is built on Ethereum Chain,knowing that Ethereum has been plagued by its network’s inability to scale to meet demand without incurring high transaction fee.Don’t you think it will scare potential investors off your project when they think how high Ethereum gas fee is? Does Phuture have any plans on Integrating to other chains like Heco,Solana and BSC and later Cross-Chain Interoperability?
In your article it is stated that Phuture Index Creator Tool provides a list of curated sectors from which to choose assets from. What are the list of the curated sectors?To allow an Index to maintain exposure to a sector’s top assets based on a desired weighting methodology What tool will be used for that?Will Phuture add or automatically remove tokens from the index based on the curator current ranking?
“$PHTR can be staked into the protocol. When $PHTR is staked the user receives enhanced $PHTR ($ePHTR).” This is what it says in Phuture Medium account. Can you please tell use the reason of creating another coin instead of directly rewarding with $PHTR? What is the differences of $PHTR and $ePHTR?
I read a short news that the Community LED Competition has commenced yesterday and will end on th 8th of August, where up to 6 winners will receive $150 each in $PHTR tokens for making the best meme on Phuture plus random giveaway (100$ in $PHTR). Since newbie to this project can still participate in this competition. How can we participate, what are the terms and conditions been attached. What is also the essence of becoming a core contributor to the Phuture protocol after being involved in your first community call?
You only analysed that the fees
Minting Fee = 0.2% of minting value
Redemption Fee = 1% of redemption value
Yield Fee = 5% of the interest accrued from yield optimisation
AUM Fee = {Fixed Weight : 0.5% , Market Cap : 1% , Tracked: 1%}. And I learnt that PHTR is strictly given to the community maybe because investors “get and dump”. For the sake of long-term crypto investors How can we mint PHTR token?
You initially supply maximum of 100,000,000 PHTR token where 25% is for ecosystem; 28% is for foundation; 20%is for the investors and finally 27% is allocated for keeper & liquidity incentives. Who are these investors to benefit from 20% allocated for and how someone can effectively invest in this project? 27% is also for liquidity incentives, can you give us hint about how the incentive programs will hold?
The Phuture protocol will be the first to allow the creation of permissionless indexes represented by a token, which include functionality for automatic rebalancing, reweighting, and dynamic index components. Can you tell us about these indices without permission? It is a very innovative idea
Why is the Phuture community key to the success of the Phuture network?
How can a user and the community be actively involved in making decisions, conceiving new ideas and building a collective group of like-minded people that can make Phuture a truly decentralized organization? Must you meet any requirement to participate?
What are the requirements for being a validator for Phuture? Some projects let its community to be a validator by monthly applications but some only accept it once before their launch. Can you please share the system requirements for being a validator? What are the benefits of it and by which token do you reward your validators?
While I was checking your website, I saw a feature called Rebalancing System. What is the Rebalancing System? Why did you need to create such a system and how will this feature help Phuture to get ahead of its competitors? What will be the benefits of this feature for Phuture Finance users?
In your Q3 of your Roadmap,you plan to Integrate Snapshot Voting for gasless governance,What is your reason for choosing Snapshot voting or will voting no longer be done on-chain but off-chain?And when do you plan to use it in Phuture?
Looking at your token, 20 million $PHTR will be minted at once initially. However, the $PHTR contract has the ability to mint additional tokens. You said you included this option in order for you to keep incentivising the ecosystem. But don’t you think that having a mint option and continuously minting tokens to incentivize users may result in the dumping of these tokens back into circulation which will result in token inflation? Who decide when minting is needed and how will this be carried out to ensure that it is not abused and done arbitrarily? What measure will you put in place to ensure that minting will not result into inflation which may directly reduce the value of your token?
Phuture will minimize opportunity cost by leveraging off-platform yield optimisers and leveraging external liquidity, can you explain the utility of this off-platform yield optimisers por providing liquidity on your platform? Can you tell us how will this leverage the liquidity aggregation on the Ethereum network and if it is possible to make compatible the whole mechanism with other chains in the future?
Phuture allows the platform to source and transfer ERC-721 token standards and enables the creation of indices backed by NFTs, I wanted to learn more about the integration of NFTs within your platform but it seems like isn’t fully developed yet, can you explain the utilities of NFTs on Phuture? What’s innovative about the combination of the index architecture + NFTs?
I was reading the Phuture docs and went into the smart contracts section, but a notice appears saying “will be posted after audits”. Smart contract audits not yet carried out? Is it safe to trade in Phuture? When approximately will smart contracts be audited?
Phuture operates as a decentralized autonomous organization where each community member has the ability to participate in ongoing discussions, propose new ideas and vote on existing proposals. What are the requirements for each member of the DAO to be recognized and have the power to carry out all the aforementioned actions? Also, what is the governance token and how can I acquire it?
As I saw on your website Phuture uses solvers to ensure the proper operation of the platform: Re-weighting, Recapitalization and Rebalancing. Can you briefly explain what the functions of these solvers are and under what situations do they act? Also, do these solvers represent people in real life?
PhutureDAO’s description claims that it can support any ERC-20 compatible token and provide services, but isPhutureDAO also capable of supporting ERC-721 (NFTs)?
⚛ The index creation is a very expensive thing that some new projects cannot sustain, so can you tell how PhutureDAO solve it intrinsic limitation? Is really cheaper that other platforms?
Its know that some projects may or may not develop in desire ways and, this could generate small problems and inconsistencies in the development of this project itself. So, considering that some weeks ago Phuture was under a rebranding process, could you tell us the reasons why you did this rebranding? Since then, what has changed in the internals of Phuture? Also, this rebranding is already complete?
Phuture takes the concept of rebalancing that we already know from other projects, but takes it an step further by allowing a single swap to rebalance multiple indices simultaneously and not just a single one. But, what takes this protocol in consideration for a rebalancing to happen? And, how many indices can Phuture handle in simultanious?
Reading your Medium site, I could tell that time ago Phuture was in a rebranding process. Considering that this generally happen due to inconsistencies in the development of a project, can you mention why you decided to make this rebranding and what important changes were implemented?
Does Phuture’s multi-index rebalancing mechanism work in the same way as other rebalance-based projects like BaseProtocol? If not, what are the main differences with this type of project?
You mention in your documentation that the $PHTR token is used to reward holders for performing functions such as rebalancing, recapitalizing and repricing. Could you explain what these functions are about? Can anyone perform them? Or is special preparation required?
I read that Phuture brings logic to the rebalancing process through two initiatives: Rebalance Strips and Rebalance Surfaces. Could you explain what each of these processes is about? Do they really solve the value leakage process?
I noted there’s a section on your platform for Community Working Groups, so is this idea linked somehow to the governance model of your protocol? What are the responsibilities of these groups and how can the community be part of them? How valuable are they within your ecosystem and are they rewarded somehow?
I could read that Phuture requires the maximum support from the community in order for them to become a truly decentralized organization, but really how much support do they require quantitatively speaking to be able to decentralize? And in case of not reaching that amount, could it not be a project?
I could see that the main reason for the development of Phuture is the “creation of indexes”, but could you really first tell us what these “indexes” are? And also what is its utility and benefits that it provides to blockchain both to users and to projects?
It is really necessary for permissionless index creation, the use of the three rebalance solvers, Recapitalization and Reweighting? If so, could you really explain why they are needed?
I read on your Medium blog that the Phuture protocol will be the first to allow the creation of indexes without permission represented by a token, does that mean that they will not really have a native token? If so, then why is PHTR necessary for governance? why not leave it without tokens completely?
You point out that the Phuture platform has been created “with the user in mind”, but could you really explain what you mean by that? What are the products, tools and utilities that users can enjoy only on your platform in the entire blockchain?
I read that Phuture incorporates the use of NFT tokens that will support the creation of the indices, but could you really tell us more about it? Could it be that to create the indexes, they will require that we create an NFT so that the value of it supports the created index?
Could you explain a bit more about how Phuture makes it easy to optimize off-platform performance? and others, what benefit will this optimization produce “inactive assets”? How useful will this type of asset really be for index creators?
I could read that Phuture introduces an open design philosophy to create passive investment strategies, does that mean that developers can create any type of innovative indexes on blockchain? Or can they just be invested in existing ones created by the community?
I read that $PHTR is the medium through which the protocol can enforce governance, reward users, incentivize activity and provide a medium to raise capital, I would like to know a little bit more about $PHTR and its functions, i read that $PHTR holders can exercise their right to vote on, or propose new ideas to improve the Phuture protocol, i would like to know through which tools you will constantly receive feedback from the community for the proposal of ideas, how often will the voting process be available to approve them, and where will it take place this voting process ?
One of the functions of $PHTR is staking, through which users will receive Enhanced PHTR, wich is a yield generating, governance enabled variant of $PHTR, I would like to know what role the ePHTR plays within the economy of the platform, which possible uses of it will be, what advantages will the users who have ePHTR have over those who do not have it, and finally if it will only be obtainable through PHTR staking?.
Something that caught my attention about your project, are the solver rewards and the solver bond, I would like to know exactly what the solvers are, what role do they have within your platform and how can users become a Solver?
Can you tell us about your Index Creator tool and how it alleviates the burden that users experience when building indices?
The PHTR coin was launched as Phuture’s governance token. What other functions does this coin play in the Phuture ecosystem? Can you explain its tokenomics and some of its advantages?
According to what I’ve read, Phuture provides rationality to the rebalancing process via two initiatives: Rebalance Strips and Rebalance Surfaces. Could you please describe each of these processes? Do they truly eliminate the value leaking process?
Phuture is a very creative project. What distinguishes Phuture’s aggregation design from 1inch?
In addition to offering rebalancing efficiency, the Phuture aggregated design is said to improve Asset Productivity. In achieving this, a reserve level must be maintained on the platform to support rebalancing and redemptions. However, this process might lead to more indices been created and some indices might not benefit from yield optimization. Therefore, how does Phuture effectively mitigate this likely occurance while improving asset productivity, how does Phuture handle the number of transactions for index creation, and how does the Phuture smart contract ensure that the current size of an index doesn’t limit it’s benefits?
Phuture introduces an open design philosophy for creating passive investment strategies, in a field that is so innovative thatcouls make us think that everything has already been tried (farming, staking, mining, lending) with this picture in mind, what passive investment opportunities can investors find in Phuture, and what would be its advantages against the known strategies?
Phuture has been designed with the user in mind all the time. It has an intuitive UI that intends to give an easier and more complete experience. There are several issues that users can struggle with in platforms like this, so what specific user problems are you addressing and solving in Phuture?
Under the features of Buy-Back and burn/distribute on your website, it was stated that All fees generated on the platform are used to buy back PHTR. 15% of this PHTR is burnt and the remaining 85% is redistributed to ongoing initiatives index incentives and solver rewards. This generating of fees is a continuous process and it’s forever as along users/crypto users are exit and 85% will be distributed for index incentives, does that mean incentive programs will be holding in this project forever or what is the major plan of Phuture INDEX INCENTIVES?
Before we can register to execute functions on the Phuture protocol, we must provide proof of a PHTR bond and it was clearly written that this bond must be 10 times larger than the max_loan value in USD. How can we proof PHTR bond, what is the specific functionality of this proofing in this project. Can you also briefly explain the significance of “10 times larger that max_loan value in USD”.
The Phuture DAO governance system will include the Community Working Groups, where dedicated members propose, share and collaborate on ideas that will benefit the ecosystem. This membership structure, is shared amongst the current working groups of; Marketing and growth, Business development and Product. Therefore, how are members specifically chosen to occupy such groups, is there a limit to the number of persons within a group, what are the reserved voting rights and privileges available to individual group members, and would Phuture consider the possible creation of more groups to adequately capture all the essentials of the Phuture ecosystem?
One of $PHTR function is liquidity incentives for LPs & you have allocated 27% for that from total supply of $PHTR. What kind of rewards can I gain from being a LP in Phuture platform? In which form will you distribute rewards? What are the terms & rules to join as a LP in your platform?
On $PHTR token economics, you have incurred four fees called minting fee, redemption fee, Yield fee & AUM fee. So can you explain why you add this fee model in Phuture platform instead of a single transaction fee system & tell us how these fees implement on transactions? On what purpose does this fee use? And also you allocated $PHTR tokens as 28%- foundation, 27%- keeper & liquidity incentives, 20%- Investors & 25%- ecosystem meanwhile total supply of $PHTR is 100,000,000. So why didn’t you integrate a burning event on your tokenomics? How will you mitigate the price volatility of $PHTR tokens without a proper burning mechanism? And also no more airdrops, giveaways for Phuture community. Why is that? Can you tell me how will this $PHTR allocation bring mass adoption in crypto space?
Phuture platform operates as a DAO (Decentralized Autonomous Organization) which each community member has the ability to participate in ongoing discussions,vote on existing proposals in Discord & Discourse group according to ePHTR they have. So how can these ePHTR be earned & what is the minimum amount, user should hold in order to participate in governance? What are the requirements to pass a proposal?
Can you tell us what roles a user must fulfill to be able to use this service? According to the mint function, the PHRT is emitted to active users of the platform or whitelisted, so can you tell us what roles a user must fulfill to be able to use this service?
When staking on PhutureDAO, you can use two different tokens: PHTR and ePHTR. The PHTR is straightforward, but why do you need the “enhanced PHTR”? Have access to one-of-a-kind services with this token?
Hi Phuture!
Welcome back, Phuture! Eager to learn all your news since the last time you’ve been at Satoshis!
Meanwhile a question, how exactly does rebalancing multiple indices simultaneously via a single swap work? I read that protocol’s rebalancing engine calculates the optimal assets to rebalance and dynamically defines acceptable rebalancing weight ranges. As a result the platform can support hundreds of indices and minimize the value lost due to rebalancing swaps. It is not clear to me how you manage to rebalance several assets in 1 swap, could you please explain how exactly you manage this? Thank you!
Hi Phuture!
Welcome back, Phuture! Eager to learn all your news since the last time you’ve been at Satoshis! For starters a question about the Liquidity Nexus. Nexus is separating trade execution during the minting process from the amount of liquidity held in an index fund. This should be good for users and ensure a similar user experience regardless of index size. I’d like to ask how exactly you manage this exciting defi breakthrough. And on a related note, could you please also explain how Phuture solves the inherent slippage problems of the low liquidity pools?
Thank you!
Hi Phuture!
Welcome back, Phuture! Eager to learn all your news since the last time you’ve been at Satoshis! And I have a question. Could you please share some details about Phuture’s open design philosophy for new investment strategies and the tools that will allow users to create new indices. What assets will the users be able to select from when creating their new custom indexes, will the assets selection be limited or any tokens from the supported blockchains can be incorporated into an index? And finally, how do custom indexes generate profits on Phuture, do users who invest into other users’ custom indices pay the fee to creators?
Thank you!
May I ask 1 more thing What if one day a hacker Hacks your Website and how do you deal with it?
Whats ur Vision and Mision for the future?
U know, All Dev need a visi and misi for make the Coin. And yeah everyone wanna get and invest to Trust coin and need a proff for invest!
As you know everyone wants profit
Thanks
I have to clear some doubts about your staking program. You have indicated that users can receive #ePHTR by staking #PHTR. On the other hand, it was mentioned that users receive their original #PHTR deposit with accrued rewards upon unstaking. Does it mean users can earn #ePHTR while staking and #PHTR rewards will be distributed when they unstake #PHTR? By the way, why did you introduce this dual token mode? Further, which token will be more profitable for a long term investor? Please explain whether we can buy both #PHTR and #ePHTR from CEX or DEX and hold them. If you don’t offer this feature right now, will it be introduced in the future?
Please explain about Phuture index creation. How does it differ from your competitors? You have mentioned that it supports automated sector tracking and dynamic weighting methodologies. What are the other available options? How did this idea emerge in your mind? Please explain the main problem you have identified and how you are going to provide a solution for it with Phuture.
You have allocated the main supply for four purposes, 25% for the ecosystem, 20% for investors, 28% for the foundation and 27% for keeper and liquidity incentives. Didn’t you think about marketing and security? Marketing is important to attract users to the project whereas security features help to improve the lifespan of the platform. Hope you have already planned some marketing activities and audits. Even for this AMA, you have to distribute rewards to the community. Can these activities be done without allocating a considerable portion of total funds? Do you use another source such as fees to cover these costs?
Is Phuture a long term project? And if it’s long term, how does Phuture keep the community and tokens stable?
how do you get more people to join your project and what are the strategies to get them hold their coins
Q1 how is the security of Phuture capital guaranteed?
Q2 please let us know what is phuture currently practical product in use? what are you plans for the product to be better in the future?
Q3 synthetic assets are the product of traditional financial assets mapping the cryptocurrency field. How to ensure the algorithm of the prophecy machine is not distorted or manipulated?