We are pleased to announce our next AMA on September 5th 2021 at 11:00 AM UTC Time: Satoshi Club x XRoad
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join XRoad Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. XRoad Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about XRoad
For more details:
XRoad Website – exroad.io
XRoad Telegram – @xroad_initiative
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Most interesting feature I found in Xroad is It is going to introduce an Innovative NFT product,””GOLDDEBIT”” which will offer GoldDebit signed by celebrities.so user will be able to have autographs of famous people.And also A virtual town will be built where user can interact with Celebrities..And there it is mentioned about a microFinance model to utilize GoldDebit .
So we are so excited to know more about this novel feature.Could you tell us
more details about GoldDebit ?How will it work ?How can user buy GoldDebit NFT ?what will be the use cases of GoldDebit NFTs within Xroad ?what is the microFinance model you mentioned there to utilize GoldDebit ?who are the celebrities already joined with this ?and also please tell when will this be available ?
Thank you.
DeFi comes down to a better and faster financial system based on blockchain technology.XRoad is planning to launch its own DeFi model in Q1 2022 by using their token proprietary mainnet being developed by its partner coinneal..
So,I am interested to know more about your own DeFi model .
Why do you decide to launch your own DeFi model ?what are the problems you identified within prevailing DeFi models?How will this DeFi model give benefits to user within XRoad ?could you give us idea about your own DeFi model ?
Thank you..
XRoad Locker is the decentralized personal data storage space where user can decide how data is used.And It is mentioned under XRoad Locker that a way ,which user can automatically recieve XRI as reward for interacting When ads are viewed.May be it is related to the Decentralized advertisement service which will be launch in Q1 2022 according to your roadmap..
please simply explain How will this XRoad Locker work ?How can you ensure user’s personal data is safe with this XRoad Locker ?
What is this advertisement service ?How is it related to the XRoad Locker and How will this model give benefits to both Advertiser and viewer ?
Thank you.
XRoad is offering its users a way of digitalizing their assets to secure and prove ownership through the use of XRoadNFT. NFTs today is so popular that even the company VISA bought their own. To further expand the capabilities of XRoadNFT, not just proving ownership, will you create your own NFT marketplace and NFT staking features in the future? Is it possible that XRoadNFTs can be integrated on one of your products? (XRoad Oracles, XRDS and XRoad Locker)
I have a question about the XRDS or XRoad Decentralized Storage node operating. It says on your website that the XRDS protocol is the one that will set storage levels and uptimes of each nodes. Does this mean all node operators shall meet the storage standard requirements on every change of levels? Do they also need to add more $XRI to their respective staked nodes to catch up with the node quota? Also, how often will storage level change?
I’ve seen Xroad had accomplished many feats from listing the $XRI token at Coineal to forming business alliances with EGI or E-Game Initiative and other business companies. I know my question is quite advance for your project’s current development but I am curious about the start if XRoad’s DeAd or Decentralized Advertisement. Can you tell us more details about this program? How will it work on your platform and how can the public participate and involve themselves into this program?
It is cleared that there is an ever-growing demand for digital data storage worldwide and XRoad aims to provide individual Internet users with the decentralized infrastructure
needed to serve as the intersection between blockchain technology and the world’s data. The likes of Google Cloud and Azure has serve as the top cloud providers in the world which they operate in centralized infrastructure. How will Xroad save many companies relying on their ability to leverage individual user data for insights? How can they easily approach your services for their companies and How do you want to assure the safety of data?
XRoad is using blockchain technology and the Xroad Locker is designed with the core belief in user-controlled data. For the sake of users convenience, how can they have control over a particular service providers which have access to their data? To what extent will they be allowed to governance the value of their disclosed data to the specific service provider?
Xroad will function even above some restrictions where government can ban access to some certain content for political purposes or bad influence because the content is placed in a centralized cloud storage. If Xroad will bring this kind of functionality by using blockchain storage which there will be no central entity controlling access to files or possessing the keys needed to decrypt the files. How will you monitor and demystify scam project trying to hide under your encryption system? How can Xroad project intersect in the demand for bringing off-chain environment data into on-chain environments?
Together with an E-gaming Initiative Ltd company that promote e-game and e-sport technology of Blockchain,XRI announced the launch of a new service known as”Digital NFT Town” which is another world in virtual space where we can live and make new business models with NFTs and in this town it also have an “NFT Social Park”Can you tell us what activities will be carried out in the Digital NFT Town?What opportunities are open for users in the “NFT Social Park”?Since KYC is essential in the Digital NFT Town,how will you guarantee that users information are safe?Will there be any incentives for those who choose to live in the Digital NFT Town?
Within the network of XRoad Locker, the optional feature of additional storage will be available to users interested in expanding their Locker. There are different types of blockchain file which these storage capabilities can be constructed with specialized data storage like IPFS which relies on cryptographic hashes that can easily be stored on a blockchain, what specific file are you using to store Users data on blockchain? How will you ensure privacy and user control with respect to their data? And can we rely on Xroad for providing incentives for the sharing and storage of individual users’ data?
Centralized data management infrastructure has become a highly-risky and alot of data breaches every day all over the world due to lack of data management and the ever increasing development of application. Xroad is bringing in decentralized infrastructure, if there is a need for storing up to 500 million human beings tweets, 294 billion emails, 4 million gigabytes of Facebook data, billions of WhatsApp messages in an hour how will the infrastructure make data storage arrangement for them without breaching? How will it solve the problems in centralized cloud storage? And is it capable of storing data both On-chain and Off-chain?
It is said that XRoad Oracles can effectively bridge connectivity gap between online information sources and blockchain. Since data validation is more important than data generation, can you explain how XRoad Oracles Data Stream will able to verify and authenticate Web data before transferring them to the blockchain and storing them? How are you able to effectively support both off-chain and on-chain data flexibility and how are you able to uphold the stability and accuracy of data transmission during the process? Lastly, How is XRoad Locker (your decentralized data storage) designed to be secure and better than the Filecoin Decentralized Data Storage that is used Chainlink who is undoubtedly one of the pacesetter when it comes to blockchain data architecture?
You said users can use XRoad NFTs to mint ownership of XRoad Storage data which they can decide to sell to another data buyers. Can you describe how NFTs are minted on XRoad and how they are used to identify real ownership of data? How will users be able to use XRoad NFT to monitor their data and be able to demand cash and reward royalties based on downsell or subsequent usage of such data after it might have been sold? Also, what are versionable data and how can multiple NFTs be used under versionable data situation to represent a single data asset when based on your normal NFT data design, a single NFT can only be used to represent a single data and multiple NFTs used for multiple data?
Total allocation of XRI is 50,000,000,000 and 60% of this is allocated to ecosystem. Can you explain how you plan to distribute the ecosystem tokens which has the largest share of token allocation? What promotion, facilitation and expansion activities have you planned for your ecosystem users and how will they participate in community activity to earn parts of the ecosystem share? And for the 20% that you allocate to token sale, when and where is the sale taken place and what is the participation procedure?
Data privacy is one of the main limitations of blockchain and on a public blockchain,new participants can join the blockchain network freely and access all the information recorded on the blockchain.Since XRoad is the Intersection for management of users data from off-chain to on-chain and back,How do you ensure confidentiality of the data stored on a blockchain?What solution have you provided to preserve the privacy of users on your platform and with what benefits? Thanks
XRoad Oracle Operators process correct data, maintaining and operating their nodes and to become a node operator in XRoad Oracle,the operator must stake a certain amount of XRI inorder to run an XRoad Oracle.My question is,Can you tell us the maximum/minimum amount of XRI the operator needs to stake and the amount of XRI rewarded to the node operators?How does XRoad Oracle operator connect to off chain resources,sell Data to Smart Contracts?Can anyone be a node operator on your platform or you get to choose them? Thanks
Based on your decentralised approach to data management, users data will be broken into smaller pieces and each piece of data are stored on fragmented network of multiple nodes. Why is it necessary for data aggregates to be broken into bits before being stored on nodes? How many nodes are involved in the security operation of data storage and validation, and how are these nodes set up to ensure that it will be difficult to compromise the data process while giving data sovereignty to data owners? How are these data encrypted and who hold control over the encrypted access keys to data? Is it you or nodes or data owners themselves?
In you roadmap, you plan the release of another white paper and Governance model with IP in the last quarter of this year which we are presently in. What will be different between the current whitepaper and the new whitepaper? What new direction will it add to your project? Also, can you share your plan about Governance Model with IP? Are you referring to a Governance model that will be based on Intellectual Property (IP)? How will this governance be done and how will it promote a fair and participatory DAO model that can provide a balance blend of opinions and ideas of users
As a decentralized cloud storage platform, what type of data business economy is your service well suited for? Are you only relevant to blockchain data services in areas such asset price, exchange rate and portfolio tracking or can your data services be available for individual usage such as a personal cloud storage for users, Web hosting and including it to handle other industrial non-crypto data analysis such as weather data analysis?
The XRoad project will initially specialise in personal data and gradually transition to offer robust data services, after it has built an ecosystem around individual data ownership and control. As discussions around the control, use and transfer of personal data becomes ever important, how will you effectively create this ecosystem of personal data ownership? Also, as your platform expands and users are provided with additional data feed capabilities, how will your Oracle source for the most secured and transparent data feeds, and since your Oracle prioritises the diverse data needs of users, is there a limit to the kind of data a user can transfer onto decentralized systems?
As far as this project is concerned, XRoad NFT will allow users to mint ownership of the XRoad storage data, whether for the purpose of selling to a buyer with royalty options on down sells. Do you have it in plan to help or motivate Art/content creators where they can upload their work (image, video, audio, or 3D art), add a title and description, and customize their NFTs? What kind of storage do you provided for all minted NFTs? How will you authenticate minted NFT for confirmation of ownership?
Greetings XRoad, I would like to participate in your project, but what is the recommendation to start from scratch, what is the security offered by the project for both the user and the platform? In how many parts are the files of the XRDS solution divided and in how many nodes are they distributed? explain us about these points.
At some point during the XRoad project development; precisely Q4 2021 to Q1 2022, XRoad would start it’s Gold Debit Credit service in Japan and gradually expand these services to East Asia, and also start a DeAD (decentralised advertisement) service. Even as these services are innovative and highly commendable, can you shed some light on them, what exactly is the “Gold Debit Credit” service, and why have you specifically chosen Japan for it’s launch? Finally, with plans to starting a DeAD service by the first quarter of next year, how best will you structure these service to the benefit of prospective clients, businesses and consumers?
Their approach with XRoad decentralized storage (“XRDS”) is to combine data encryption and decentralized data storage where all stored data is encrypted. Can you explain in a simple way how XRDS works? What advantages does XRDS offer? Can we consider XRoad decentralized storage 100% secure? XRDS provides cost-effective solutions to problems that centralized storage systems cannot address?
The XRoad project seeks to initially specialize in personal data to build an ecosystem around individual ownership and control; however, as the platform expands and grows, XRoad Oracles will provide users with additional capabilities to feed various types of data. through oracles. What additional and innovative capabilities does Xroad consider incorporating into the platform? What kind of data can be handled within the platform?
GoldDebit NFT is a new type of gold bullion NFT product. In addition to the asset value of the gold bar, GoldDebit NFT has a very entertaining element. An innovative NFT product, called GoldDebit, by XRI (XRoad Initiative) is yet to come. Can you explain this innovative product offered by the Xroad platform? How will GoldDebit NFT users benefit? What entertaining elements does Goldebit offer?
XRoad my question is the following: where is my personal data stored and what functions does the data fulfill, what information about our data is recorded and how can I use it? What is the control that users have over the data, and how many service providers have access to our data? Explain these functions and how to receive XRI token through the use of the data.
XRoad’s blockchain-based decentralized storage is said to be the convergence between multi-cloud decentralized data management philosophy with individual data self-sovereignty… in the XRDS, data is said to be distributed throughout an entire network, to make the network highly difficult to attack or censor, and it also offers the capability of data encryption with the usage of private keys… How does Xroad’s Decentralized Storage act as a convergence of Multi-cloud decentralized data management and Individual data self-sovereignty, what features make this a perfect description of your Decentralized storage, will this decentralized storage only be useful to Individuals or will other projects and companies be able to use this decentralized storage for storage of corporate data and information, making this decentralized difficult to censor may not go down well with regulatory agencies, don’t you think this might act as a barrier, in situations where regulation might be needed considering the fact that this involves the storage of data and Information.
XRoad Oracle is said to effectively and efficiently bridge the connectivity gap between off-chain data and blockchain smart contracts. And provides the ability for interaction with online sources of information and the ultimate transference of this information to the blockchain… this oracle is also said to carry out the tasks of verifying and authenticating data, enabling the smart contract to efficiently execute its logic… So what kinds of online sources will Xroad oracle source information from, in what forms will the information be sourced, how does the Xroad oracle carry out the task of verifying and authenticating these Online sources and the information obtained from them, and in what form and how will the information obtained be transferred to the blockchain by the Xroad oracle…
One of the most relevant parts of Xroad is the XRoad Locker which will allow users to own their data and decide how data is used, This is said to include control over What information of theirs is registered, Which service providers have access to the data, What data to disclose to specific service providers, and the value of the disclosed data to providers… So how will users be able to access and use the Xroad Locker for each of this mentioned actions, what will be the requirements, and will all users of The Xroad Locker be able to carry out all of this actions or will some be reserved for those who might belong to a premium group of individuals, what will users of the XRoad locker get in return for their Data and information, and what will be the gain of Xroad when users sell their Data using your platform.
XRoad deploys the decentralized infrastructure needed to serve as the intersection between blockchain technology and the world’s data. This is possible with XRoad Oracle, XRoad Decentralized storage(XRDS) and the XRoad Locker for user-powered interoperability between the off-chain world and smart contracts, as well as for individual data self-sovereignty. This decentralized infrastructure require key players like node operators who run XRoad Oracles and XRDS, while on the other side X-roaders and XRoad Locker are the providers and users of these data. What are the requirements and amount of XRI tokens they must hold for each of these key players to be able to play their parts in your ecosystem? How are they rewarded accordingly with regards to their contributions? What qualifies some XRDS storage node operators to receive higher rewards?
XRoad announced it will launch an innovative NFT product, named GoldDebit, which is said to be a new type of NFT product of gold bullion, it will have a high entertaining element and Later, would feature a virtual town where users can interact with celebrities. How is this GoldDebit NFT product going to be deployed and in what way is it going to be different from other NFT products? Can you give us a sneak peek into some of it’s entertainment elements? Which entertainment industry (music, movie, sports) are you targeting?
AWS, Azure and Google Cloud are centralized global infrastructure for cloud storage, for both individuals and organizations alike. While BitTorrent, InterPlanetary File System (IPFS), and Filecoin are Current Decentralized Storage. What makes you a more preffered options compared to these other competitors? What are your uniqueness/features that differentiate XRoad and gives you Competitive advantages over them?
What are the strictest and most sensitive security protocols to any irregular and insecure situation that may affect performance, what are the risks that investors may be exposed to and weaknesses present in XRoad, there is the possibility of data leaks, hacks and those kinds of negative situations?
The XRoad Oracles have really versatile and effective to achieve connectivity between off-chain data and blockchain smart contracts, can the XRoad Oracles apply to other projects or are for the exclusive use of XRoad, can you tell us please how it affects the expansion of the XRoad Oracles on the climate temperature required by a smart contract within a blockchain network?
In XRoad, how does the blockchain oracle work? What is the main function for what is it? Could you explain to us to better understand about blockchain oracles, this function can facilitate data transfer outside the blockchain network, it also allow smart contracts to be efficient?
Blockchain is really an indispensable element in this new course that by taking the financial system and data systems through decentralization, so far what you consider to be the greatest advance that blockchain has achieved, it will be possible to achieve interoperability between the world. off-chain and smart contracts, as well as for self-sovereignty of individual data?
XRoad will work as a data bridge; from the decentralized blockchain, to the centralized off-chain. What I’d like to know is, what are the limits of this technology? Is it compatible and functional with the main off-chain platforms? Like Facebook, Instagram, Twitter, etc? And even beyond that, will it work with banks or investment platforms? Do you have a complete list of compatible sites users can review before investing?
XRoad is a platform that will help users protect their privacy from data-hungry tech giants. However one of the things I’m most curious about is the accessibility users will have to their info while on *your* platform. Do you have prototypes, videos, or a testnet users can try? How will the data be listed and organized to be easily understandable and user-friendly? Also, will your platform be available on both PC and mobile? In which of these devices will be easier to track data?
I read that you are working on a marketing model for converting and operating real estate, movables and mining machinery into NFTs. Were you able to resolve the legal differences by country? What improvements have you made to legally enable the NFT+DAO (Defi) model?
XRoad creates the decentralized infrastructure needed to connect blockchain technology to the rest of the world’s data. For user-powered interoperability between the off-chain world and smart contracts, as well as for individual data self-sovereignty, XRoad Oracle, Decentralized storage, and the XRoad Locker are available. Can you explain XRoad Oracle, Decentralized Storage, and XRoad Locker in more detail? What distinguishes it? And how does it contribute to the decentralized infrastructure of XRoad?
In your whitepaper you mention that the XRoad project seeks to initially specialize in personal data (individual ownership and control) so could you tell us how do you engage your users to have a full control and protection of their own data? What resources do you provide to the individuals?
I was reading about the XRoad’s decentralized storage and I understand that initially the data will be encrypted and then splitted and distributed among multiple nodes, so how secure will this mechanism be against external attacks? Considering that data will not be encrypted at the end of the process, how secure is this storage among nodes? Who’s in control of this process?
You mentioned that XRoad Oracle node operators must stake a certain amount of XRI in order to run an XRoad Oracle. I also read that XRoad Oracle operators receive XRI when processing correct data, maintaining, and operating their nodes. What would happen to those operators if they process wrong data?
You explained that requiring operators to stake XRI initiates a model that prevents malicious actions by the operators. In the event an operator is found to provide low quality data on a constant basis, or is found to intentionally provide inaccurate data, the operator will lose the staked XRI. Where would those XRIs that would be removed from the penalized operator go? Is there any way they can get them back?
I found out in your Roadmap for the 4th quarter of 2021 that you will start Gold Debit Credit service in Japan and you plan to have some business alliance with some famous companies. So in the first place ,why you choose to start Gold Debit Credit Card to Japan? If you start with Japan,what would be next target market for your Gold Debit Credit Card services?Can you give us a brief information about this Gold Debit Credit Card? How it woul be used and utilized?What makes this Credit Debit Card special that is called to be gold? How would this card be access and be acquired? On the other hand,who will be those famous companies you are trying to tie a business alliance with? Can you share some hint about it and why choose them? By having a famous companies to be your alliance,what do you think the impact it will bring to Xroad? Thank you
X ROAD- On your White Paper XRI Token Allocation, we understand, there is a total allocation to the Volume of 50,000,000,000 XRI, Token sales- XRI 10,000,000,000 as (20%), Ecosystem- XRI 2,500,000,000 (60%), Floating Treasury-XRI 2,500,000,000,(5%), Team & Advisors- XRI 2,500,000,000 (5%), Partnership XRI 5,000,000,000 (10%), all representing Token sale for Private and Public Sales of the XRI Token, Ecosystem-XRI Tokens used for the promotion, facilitation, and expansion of the XRoad platform, Floating Treasury-XRI tokens used to provide liquidity to the XRoad platform Team & Advisors-XRI Token allocation for all team members from executives to staff and advisors to the Projects and Partnership- XRI Token allocation for partners to the XRoad Project. My humble question now is, could you please tell us why on this whole impressive magnanimous outlook of XRoad (XRI Token) allocation, no mention on Charitable course which is usually the case in most blockchain with this kind of allocation outlook? Please do well to explain to us on this.
In your roadmap you have listed a lot of tasks to achieve related to Japanese services, like Start Gold Debit Credit, alliances and more, so could you tell us if will be Asia you main focus to develop and spread your products? What ambition do you have beyond that?
About your tokenomics, I noted that XRoad Oracle operators receive XRI tokens when processing data, mantain and operate their nodes, but you don’t really explain on your docs the origin of these funds, will you use your network fees to redistribute them to the rewards model? Can you share with us how will it exactly work?
XRoad (XRI) has signed a partnership with Coineal Exchange. The partnership will allow both parties to provide quality products and services through long-term cooperation. So with many platforms along the way,why choose to collaborate with Coineal Exchange?What advantages we can look forward to this partnership and how it brings impact to your platform and to your community? Can you describe and gives some overview about your partnership with them since Coineal Exchange is not so known for some? Can you specifically tell what kind of products and services you will provide for each other’s platform? Lastly,for long-term cooperation how many years your platform signed contract for this partnership? Thank you
According to your website, you will be able to integrate Business partnership with EGI in Q3 2021. (E Game Initiative). Can you provide us some insight on this? How does this initiative operate in practice? Why did you choose to partner with EGI? What exactly the objective of this game and how it can help XRoad development?
XRoad aims to create a self-sustaining ecosystem based on blockchain technology and, more specifically, smart contracts, in which trustless, decentralized, and customizable data management repositions individual data providers as genuine data owners. The most significant concern for users is the security and privacy of their personal information. How does XRoad secure the safety of its users?
You are planning to launch a DeAd service by the next year. How does this service work? How do you face issues such as duplication of work, poor performance tracking, and a lack of a larger strategic framework which are attached to The Decentralized Advertising? Further, after launching the service, do $XRI holders get priority? In other words, is it a good idea for advertisers to buy and hold $XRI?
You have allocated a 20% portion from your total supply for token sales. However, there is no information available on a private sale or a presale. What are the utilities of this allocated token amount? To whom do you sell the tokens? Can’t the community buy your token before listing it on an exchange?
How do you define the logic of smart contracts implemented in Oracle XRoad?
I read that The XRoad Oracles will expand into asset price, exchange rate, and weather temperature information required by a smart contract within a blockchain network. What would be the advantages of their implementation?
According to your roadmap, you have planned to start a global crebit debit service in Japan this year. Have you initiated it? Further $XRI will be listed in Japan by alliance with a Japanese coin exchange in 2022. These activities prove that the Japanese users get the priority in your global community. Is there a special reason for that? If we are not from Japan, do we become less priviledged? However, the global community is an extremely important factor to make a project a success. Do you have any marketing plans to grab the attention of other local communities?
I would like to know in more detail how the XRoad Locker works. How secure is this mechanism for users?
Recently you have announced a long term partnership with COINEAL Exchange & XRoad ($XRI) already listed in COINEAL. Along with this Collaboration, XRoad is going to build a NFT market. So Could you please give more details about this Partneship with COINEAL Exchange & about the Upcoming NFT marketplace with COINEAL? In which manner will XRoad discover the final destination of XRI through this Long term partnership with COINEAL Exchange? How did this partnership impact on scarcity of Your Community?
XRoad integrate a Decentralized Storage (XRDS) which is intended to be converge all the data with individual data self- Sovereignty. First you encrypt the data with private keys & the data was subject to a Fragmentation process. After that all the data will be distributed amomg nodes. So what if hackers will attack to the distribution process? Can you assure that Encryption of data is highly secure in the way of not attackable to anyone? Please give us a well detailed explanation about how this will implement & the security condition of XRDS?
I read on the website in Development Outlook GoldDebit is providing autographs of famous people. So, who are the famous people and how can the community be benefitted by developing a virtual town and socializing with famous people? Also Can you tell us more about the point system with the GoldDebit for the customers who buy the NFT product? And what will be the use of GDP(Gold Debit Point)?
I believe things like Ambassadorial programs help to increase awareness of every project in the Crypto space, do you intend to embark on such projects anytime soon?
How do you intend to tackle the issue of market competition? I’m sure many people must be trying hard to integrate your type of ideas to make their project better too.