We are pleased to announce our next AMA on August 10th 2021 at 05:00 PM UTC Time: Satoshi Club x BaconDao
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join BaconDao Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. BaconDao Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about BaconDao
For more details:
BaconDao Website – bacondao.com
BaconDao Telegram – @baconDAO
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Do the users need to hold $BACON tokens to gain full access to your platform? What are the advantages of holding your token for long term?
Currently NFT is developing and becoming a new innovation in the Blockchain world. However, many Artists / Creators still don’t understand how to create NFT. How does BACON solve this problem? Do you have plans to educate about NFT to Artists outside of Non-Crypto?
What is BACON’s revenue system? In which ways do you generate revenue/profit?So many projects just like to speak about the long term vision and mission but what are your short terms objectives? What is your focusing right now?
I read on your website that we can subscribe to your Daily Digest, which contains Crypto Daily analysis, Market Analysis, Altcoin Gems, Project Reviews, and other opportunities. How can we subscribe? Do we have to pay the registration? Do we have to pay monthly? Or is it completely free?
I have read that there are private channels in the BaconDAO community. How can we gain access to those channels? Why are there private channels different from the public channels of the community? Is there exclusive content shared on those private channels?
You mentioned that BACON tokens are locked up to receive monthly BaconDAO membership. How can we be part of that membership? What does that membership include? What benefits, advantages, privileges will these users receive?
BaconDAO Member Rewards are designed to reward contributions in the community in the form of $ BACON tokens, rewarding the most loyal users in the community. I did read that members can receive these rewards through a “tip” from the Tip.cc bot within discord. Can we participate only through discord? Can the Telegram community also participate?
I was researching the BaconDAO Wiki and noticed that all the sections have information, except one, the “stake” section. What are the reasons behind this? When will the “stake” section be available? When will you share more detailed information about Bacon’s staking?
You recently mentioned that knowledgeable and helpful members will be selected as official contributors to the DAO to provide consistent content and services and receive compensation. What are the steps to be an official contributor? What must we do before we can be selected? How do we show our collaboration with the ecosystem?
You have indicated that $BACON holders have access to the members only content. Although you have mentioned about market analysis, token sale alerts and altcoin gem picks, they are common features offered by many platforms. Can you please further explain about your educational content? Who are your resource persons? There are an array of platforms that offer free lessons and guidelines. Then why should we hold $BACON to access your lessons? What makes your content unique? Further, do you offer similar priviledges to all holders or do you have different tiers based on the holding amount?
Bacon NFT launchpad allows projects to launch both token IDOs and NFT collectible drops within the same platform. Some NFT Launchpad competitors include IDO launchpads like DAO Pad, Paid Ignition, Polkastarter etc. NFT focused launchpad Genesis Shards is also another similar competitor. You claim that Bacon NFT Launchpad is better than all existing competitors. What does the Bacon NFT Launchpad offer that makes it different?
There is a very useful section on the BaconDAO platform that is very helpful for new users. BaconDAO Academy offers a variety of courses, videos and articles to help the cryptocurrency community in general. Will that content be available for free? Will it only be available in English?
You have decided to reserve a portion of 30% from your total supply. Do you consider this as an emergency fund? Please explain the purpose of this reservation. Do you have a specific time frame to release these funds? What are the utilities of them? Where do you keep the reserved funds? 30% from the total supply is a considerable portion. If they are released unexpectedly, it may create a sell-off situation which can decrease the value of #BACON. Therefore, do you assure these funds will be kept safe? Who are in-charge of the said allocation? What are your security measures to avoid third party interventions?
You mention that BaconDAO staff and contributors are incentivized to provide members with unbiased and useful information. How are they incentivized? How are all staff and contributors selected? Can the community choose contributors? How are the services provided by contributors evaluated? Can they be penalized if they don’t fulfill their role?
It caught my atenttion that BaconDAO will have this amazing section called “BaconDAO Academy” which offers a variety of courses, videos and articles. Can you tell us more about this academy? Will it be a free space for everyone with unlimited access to all this information or will this Academy be something exclusive? How can users get all the knowledge they want from this place? Will there be a limit of people who can enjoy this courses, videos and articles? Also, who will be in charge to provide all of this Academy content? Will users be able to participate on the adding of more educational content?
I think that what BaconDAO is trying to do here is amazing, we don’t see every day projects that are willing to help others to learn about this complex world, but as I was reading about all the educational aspects BaconDAO is trying to cover, from courses to Mentorship and P2P Help Services, I couldn’t help but wonder; who will be behind this teaching and mentorship roles? How do you know someone is qualify to teach or mentor someone else? Also, can regular BaconDAO users become mentors to others? If so, how is the process for that? What kind of information do you ask for in order to accept someone on a teaching role on BaconDAO and how do you make sure that this certain information is indeed real?
It caught my attention that BaconDAO will have a membership subscription system, can you tell us more about it? How will it exactly work and what will this subscription allow users to do on BaconDAO? Will it be strictly needed to fully enjoy of all BaconDAO’s services? Where will we be able to purchase this membership subscription? At what price exactly and what are the payment methods for it? Also, I was wondering, will there be more than one kind of subscription plan or will it be just a standard one? How long does this subscription last?
BaconDAO is a decentralized autonomous #DAO organization for collaborative learning and investing in #Crypto. Their mission is to create the largest and most knowledgeable crypto community, leveraging their group’s knowledge to help members learn and benefit. What are the teaching mechanisms that BaconDAO has to offer to your community? Are you planning to create a cryptocurrency education center? Do you hope to teach users who have no knowledge of cryptocurrencies?
By contributing to the content & services of BaconDAO, members will be rewarded with the $ BACON token based on the community’s vote. Knowledgeable and helpful members can also be selected as official contributors and receive higher compensation. In addition to these benefits, what other benefits are obtained By contributing to the content & services of BaconDAO? What are the advantages of having $ BACON?
BaconDAO uses the power of a #DAO to amass the largest community and simultaneously improve the group’s content, services, and investment opportunities. What are you doing to increase the number of members of your community? What is the level of participation that the community has within the BaconDAO platform? Community participation mechanism?
Bacon DAO will give any user with a membership status a voice in your project. To become DAO member, users must stake their $BACON so they can be issued with membership access NFTs cards. Are there any required amount of $BACON to stake in order to be issued membership NFT cards? If a user stake more tokens, does he get more NFT membership cards than a user who stake a fewer token and is such users given more governance privilege? What will happen to these membership cards if a user decides to unstake his $BACON? Will the user still posses the NFTs and can he still lay claim on membership status? And apart from staking, you said users can be granted membership through subscriptions. How much does membership subscription cost and how will users subscribe for this if they are unwilling to stake?
On Token Benefits, member Content $Bacon holders can access member only content such as daily market analysis, token sale alerts, Altcoin gem picks, and other educational content? Could you please tell us how a member Content structure would be of great benefit and as well promote BaconDao to reach it’s highest potential? Thank you
BaconDao, you did said you people are grassroots guild of thinkers and investors? Helping each other learn and profit in the crypto world? As a grassroots guild of thinkers and investors, could you please give your candid advice to me a beginner on how best to profit in crypto world in general and BaconDao in particular? Thank you
On BACONDAO PRIVATE SALES -top tier $BACON holders have access to private sales from BaconDao partner groups and firms? How do I become a top tier $BACON holder to have access to private sales from BaconDao partner groups and firms? Could you please tell us who are those that make up BaconDao partner groups and firms? Thank you
BaconDAO will have a public research crowdfunding domain known as Mirror. You said Mirror will allow you to crowdfund, publish and split revenue from public research content. Can you explain how researchers can apply for crowdfunding or grants and how the BaconDAO uses mirror.xyz to validate proposals and get the community involved in the crowdfunding of such public research? Is accepted research limited to crypto-related subjects only or do you consider any topical issues as long as it can add values to human endeavours? How are the research results tokenised as NFTs after publication? And when findings from the research are sold as NFT, how are the revenues shared between research team and BaconDAO?
One exciting product that you plan to add to your project varieties is NFT Launchpad. How will your NFT launchpad be able to incubate NFT based community project using social tools and how is the launchpad configured to be able to launch various form of NFT sales ranging from NFT artist drops, passive income and code generating NFTs, ultra rare collectibles and blind boxes? How do you plan to onboard projects as well as work with projects pre-launch in order to provide incubator-based assistance and also ascertain the legitimacy of these projects? How will users be able to access sales from these launchpad and what type of project launch or tier systems will it adopt? And lastly, will your launchpad be strictly based on NFTs or will you consider Fungible tokens also?
BaconDAO connects blockchain startups with smart money and helps cultivate a passionate and knowledgeable community through education. This has definitely caught my attention, as even though decentralized finance is gaining more adoption every day, we have yet to make an impact on a global level. So, could you tell us more about how this education model that BaconDAO offers works to conquer more and more users passionate or not to DeFi projects? What impact have your protocols had on the different projects you have incubated so far?
From what I read, BaconDAO incubates NFT teams and artists with a full stack solution from issuing NFT tokens, community building, partnerships, marketing and selling bonding curves. This is really impressive so they must have a lot of competition to be able to access the services that BanconDAO offers. My question is, are there any requirements that any project that wants to use BaconDAO services must meet? Do you use any method to make sure that the projects that are part of your incubation model are not a scam but on the contrary are profitable projects in the long term?
BaconDAO provides members with quality project research and market analysis. My question would be, can members request specific projects to get customized research on? Are they completely automated? What technology are you using and how accurate is it? Will you offer different tiers of information? Like how crypto newbies may require more global info, and developers may need lots of technical detail. How would it work exactly?
According to your website, you provide members with opportunities to invest in private sales in the early stages, can you explain exactly how? Are these opportunities in association with your project or are you just making the suggestions to your participants?
I think that education is the most important thing when it comes to investing in cryptocurrencies. With knowledge you can bring a small amount of funds to a fortune, yet there is little room for investors and little capital to take that first step. Can you tell us how you can participate in your platform with few funds? What activities can be done that generate benefits while accessing the educational features?
Greetings BaconDao my question is the following, can the members of BaconDao investigate new projects? And so to be able to invest in private sales and how would the order be, what would be the opportunity of a member in these private investments by stages or levels? . Explain to us to better know the investment strategies. Thank you
As a member of BaconDao, how can I get benefits from your $ BACON token if I own what content can I access? Explain these points to us, it is also necessary to know this point. If a member needs to enter BaconDao’s private sales, what level is required and how many types of levels are there in the project?
It caught my attention that $ BACON holders will be able to pay for mentors and individual access to VirtualBacon and collaborators, can you tell us all the details about these topics? Who is in charge of these “mentorships” and why are they so valuable? Also, why is the VirtualBacon important to your investors?
Your platform has a Bacon NFT Launchpad, which is interesting because almost all the assets can be launched through the launchpad except the NFTs, in which the NFTs will differ. What benefits will the projects have from using your launchpad?
To know and understand more about BaconDao, tell us what is D2D? and how can BACON holders join the sub-DAOs? Another important point that we must know the income derived from the BaconDAO project, what would be its operation, will it help in the growth of the community, and improve services? Finally, can BACON members contribute to campaigns and earn airdrops tokens?
In the process of participating in a Launchpad, it was stated that user should Lock an amount of Bacon Tokens in the Bacon Stake as liquidity pool staking (Bacon/ETH) follow by creating an account on the Launchpad of Bacon con and Connect a desirable wallet. How can we connect to the Bacon page using the address of the wallet that is used in the Stake? Presently, what is the minimum amount of bacon tokens we can lock, and the ratio of bacon to ETH? And concerning the BaconDAO Educational Curriculum which its Course includes: Crypto basics, TA, How to use exchange and DEX, types of coins, BSC vs ETH, What are NFTs, etc, apart from bacon holders, can newbie also access this content? If yes, what are the steps to take and the amount of fee to be paid?
Projects will be allowed to Launch both IDOs and NFT collectible drops within the same platform by Bacon NFT launchpad which has make its launchpad ahead of all. Under this NFT based IDO launchpad, tokens are locked inside NFT tickets to be claimed according to vesting schedule. I want to how we can trade NFT tickets with locked tokens just as any ERC-721 or ERC-1155 tokens, without needing an Escrow service which will serve as mediator service that keeps fund for a transaction in safekeeping until the tokens/NFTs are handed over. How do you want to guarantee safety when you neglect Escrow that will protects buyers from fraudulent sellers? Do you have any features to replace it? And Bacon token total supply is 200,000,000 based on ETH blockchain network, can you give the allocation of bacon token?
One of BaconDao service is providing opportunities to invest in early-stage private sales. How will you determine the safety of the projects that you introduce to the community? Conversely some are spamming with multiple accounts in Presales. So will you make KYC compulsory before you introduce the Presale opportunities to the community?
It is mentioned in your Name “BaconDao”, that you are a type of DAO. How about the governance consensus model in BaconDao platform? After reaching your ambitious goals, will you hand over the control of BaconDao to the community? What is the main governance portal, you have currently? And also I saw about D2D ( DAO TO DAO) Improvement in season 4 on your Roadmap. Can you tell us about more details?
I saw a NFT incubation process on BaconDao website that allows new NFTs projects to grow from seed stage to exponential growth stage. What kind of supportive features will BaconDao offers for new NFTs projects? Have you NFT experts to get a realistic advices & path to the mass adoption of NFTs project? What will you expect on behalf of the incubating service, you provide?
I see in one of your twitter post that BaconDao has a proposal for Axie Infinity Scholarship. So,can you give us an overview and a brief information about this proposal that you are offering to Axie Infinity Scholars? What kind of proposals does BaconDao want to share and offer to Axie Infinity Scholars? What are the win-win benefits that BaconDao and Axie Infinity will share to each other with regards to this proposal and collaboration? Can anyone also from BaconDao community can apply as scholars in Axie Infinity Scholarship since you have a proposal to them? What are the benefits that BaconDao will bring to Axie Infinity Scholars and in return what benefits that this proposal will bring to BaconDao? Thank you
Bacon NFT Launchpad offers a NFT based vesting solution that can handle both NFTs and fungible tokens to launch on our IDO platform. But in the last process to become a partaker in the launchpad says we should choose a project then participate. As at now how many projects is there for users to choose before we can participate? Since it is a must for BaconDAO members to Stake Bacon in order to have the governance in BaconDAO and be able to vote, What is the minimum and limit bacon we can stake? Since we can only purchase Bacon on Uniswap, till when should we be expecting the launching?
In BaconDAO Academy, there are many offers variety of courses, videos and articles to help the cryptocurrency community in general. These contents are highly prepared by professional who have been in the industry for many years and are diligently and consistent looking for working hard to add additional contents. In order to apply for some courses in this academy, what are terms and condition attached to the application? What is the duration of learning? I want to know how much a particular interested user will pay to be a participant? For full understanding, can you share with us details about it? Then, i found no information about your IDO on Daomaker, what us the latest update about the launching?
One of the Token benefits of $BACON token is MENTORSHIP SERVICE in which $BACON is the native currency within BaconDAO to pay for mentorships and 1-on-1 access to VirtualBacon and contributors. So ,can you explain more about the Mentorship Service that your platform offering to $BACON holders? What are the inclusion of this Mentorship services that BaconDao offer?How does this mentorship services works? Is there any minimum amount to hold to avail this mentorship services? How $BACON holders can access to VirtualBacon? Can you explain what are the services offered with this VirtualBacon? How does this VirtualBacon being executed in your platform? Thank you
Though BACON token is used to gain access to BaconDAO NFT Launchpad IDOs and NFT drops and IDO drops function as a whitelist lottery structure for BACON holders. What will happen when we hold more BACON tokens? Apart from holding bacon what are other ways of winning more tickets in the lottery? What benefit will be brought to your project when projects pays BaconDAO with their token whenever they stake? Then how often will bacon be burning its token?
Bacon token Metrics explained that the total supply of its token is 200.000.000 which there is an allocation for two private sales of 4% each. It is known that this sales serve as an early stage investment round for strategic investors with a considerable amount of investible funds. Why do you have two private sales with the same allocation in your project? Crypto Investors will watch how the first private sale goes, though this will serve as fundraising method in which BaconDao will sell its token to investors, but how do you want to prevent whales in the second private sale? What will be the distance between the first sale and the second one? And for user not to fall into a scam project, what are the uniqueness of your project?
It was stated that we can gain access to BaCON NFT Launchpad with Bacon token which is built on ETH network. Is there any other entry form to gain access into your launchpad? Is it possible to get into the NFT sales early and what is the benefit? How do you want to encourage large bacon holders in the BaconNFT sales? How do you plan to make this project affordable for everyone since you dont have plan to integrate more blockchain into your project?
Competition in the NFT realm is starting to intensify. What’s in the pipeline, especially in terms of partnerships/marketing? How do you plan to compete in such a crowded space?
Tell us about Gen NFTX. How to fragment NFT? What are the benefits of fragmenting them? Doesn’t it lose the essence of NFT? The name itself indicates that it is a non-fungible token.
➡️plz explain about your platform what it was about how it relates to nfts
➡️you have some private channel what type secrets are published there
➡️Why you reserved the 30% of your funds how you are going to utilize in a effective way.
➡️I have seen that some user are saying you some membership programs what kind of memberships are they any profits from that memberships that we can get
➡️In bacon launchpad how the ido’s are conducted for both tokens and nft drops
➡️Is there any staking mechanism like Daomaker for getting allocation
➡️Plz explain about your launchpad and platform for some of newbies
With it’s mission of helping it’s community of investors learn and profit in the crypto world, BaconDao is said to provide it’s members with quality project research and market analysis. With such advisory role, how would prospective members of your community get to enjoy and benefit from such services, how can users access these financial materials, and what range of financial advisory services does BaconDao offer prospective investors. Additionally, BaconDao would also provide users the opportunity to invest in early-stage private sales. With such rare and profitable opportunities, how are such users chosen and selected for such private sales?
Out of a total supply of 200 million $BACON tokens, BaconDao has reserved a total of 2 million tokens to be airdropped to the initial team of contributors and long-term members, 26 million to be distributed in private sales and 4 million will be distributed in public sales. Since tokens are already allocated for sales, especially public sales, why has BaconDao also opted for the choice of airdrops, and what is the duration of this airdrop event, and with an allocation of only 4% of total supply to public sale, would such limited figures be sufficient enough for this event and how will BaconDao look to compensate early investors?
Through education, BaconDAO connects blockchain startups with smart money and helps to cultivate a passionate and knowledgeable community. Will you please provide us with additional information? What educational methods are you going to provide to your community? Is this something that they can get for free?
The traditional financial system at the world level has had a tendency to lower its operations due to various factors, both internal and external, favoring a migration to the cryptographic system, as BaconDAO can help new users and provide the bases, tools necessary for making more decisions. correct, how can they verify their experience and veracity in this industry, and what is their priority to attend at this time to advance in the development of BaconDAO?
According to their experience and interaction with the community, how would they rate the acceptance of DEX projects compared to CEX, what vision they have of cryptography in the long term, what benefits does $ BACON grant to their holders and what is its usefulness in terms of liquidity in the market?
You gave an explanation that Private channels are different from channels we are required to be verified to see. And we can only unlock Private channels upon the connection of a wallet holding at least 2000 $BACON tokens to your server using the Collab.Land bot. Since 2000 $bacon token is required before unlocking this channels, what are the benefit in this channel? Why is this channels different from others channels we join freely? The content of your academy is divide into three Courses; Article; and Video. What are the courses provided for the community to partake? In order to join any of your academy class, what are the steps to follow?
Instead of paid memberships, BaconDAO members simply need to have the $ BACON token in their wallet. If they are not satisfied, they can get their money back at any time by selling their tokens, this means that an investment is not needed apart from the purchase of the tokens? What is the procedure to be able to access the information and advice that you provide, What incentives do they give to the community and its collaborators so that both parties have an interest in the success of the project and achieve staying in the market?
Does BaconDao planning to recruit content producers and celebrities to collaborate on the project? What rewards will content authors receive and what benefits would spam consumers receive as a result of engaging in the project? What is the entire supply and are there any burning plans in the work to increase it?
How does BaconDao meet the most pressing DeFi requirements of interoperability, cross-chain interactions, and different blockchains? Is KYC required for consumers to take advantage of all BaconDao amazing features?
I have a question about On-chain governance, how will the voting take place? How will votes be counted?
The same way as it is now everywhere else, using the feudal system, who has more coins will impact the voting result?
Or will you make a real democratic voting? 1 person=1 vote. The number of coins can be used, only to determine the ability to vote. That is, a person must have, for example, 100 BACON to vote.
But in no way the value of the vote should not be determined by the number of coins.
I have a question about Scholarships alpha launch with Axie Infinity.
I asked in the community and no one knows about your partnership. Have you had any communication about this with the Axie Infinity team or is it still in your plans and may be in doubt?
If there is going to be a partnership, what role will BACON play? You will translate to the 2nd layer, because Axie Infinity works on Ronin, so BACON should be supported there as well.