We are pleased to announce our next AMA on September 4th 2021 at 01:00 PM UTC Time: Satoshi Club x Kinglory
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Kinglory Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Kinglory Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Kinglory
For more details:
Kinglory Website – kinglory.org
Kinglory Telegram – @kingloryorg
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
The main negative impact on current implementations of blockchain relates to energy usage and consequential environmental and other impacts.
Many cryptocurrencies, consume energy for mining, which creates environmental problems.But It’s happy to know KinGlory has implemented a special POS consensus protocol for mining to overcome this issue.
Could you tell us more about
How will this special POS consensus protocol work ?what
are the advantages of using this protocol ?specially How will it minimize the environmental impact ?
Thank you..
The KinGlory blockchain is suitable for both ordinary users and dapp developers.special thing is the deployment of dapps on the KinGlory blockchain is available to all developers, regardless of their level of knowledge.
And I found you are using a modular system, block constructor and a library of smart contracts for this process..
could you tell us more about How will Kinglory be a best place for any Dapp developer ?what are the special features kinglory has to facilitate the dapp developer ?How can any developer join with Kinglory?what are the requirements ?
Thank you.
I am passionate about the cryptocurrency and blockchain. In addition, I have a sound knowledge in web development and have 5 years+ experience in the field. Therefore, I thought of applying for the post of front-end web developer in Kinglory. Your explanation about the role, responsibilities and required skills is clear. However, are their geographical restrictions when recruiting web developers? I’m not from a main local group in the world. Will that be a problem? You have mentioned that it is a remote position. Do you conduct the whole selection process virtually? According to the advertisement, the annual salary will be around $75,000-$95,000. Do you send payments monthly? Which gateways do you use to send salaries?
You have mentioned about four types of wallets, hardware wallets, mobile applications, web wallets and desktop applications. Among these four wallets, what does Kinglory prefer? Which one is the safest? It caught my attention that Kinglory helps us to choose our wallet based on the features we care about. Can you please explain the utilities of the above four wallets seperately? Further, you have emphasized that the decision of choosing a wallet is not forever and the Kinglory account is not tied to the wallet provider. If we have to face an issue due to the wallet we select according to your instructions, don’t you take the responsibility?
You have mentioned that Kinglory consists of internationally recognized researchers, mathematicians, cryptographers and economists from Canada, United States, United Kingdom, Russia, Israel and other countries. This combination is great! However, why didn’t you publish the profiles of your team members to prove this statement? Do you reveal them to the community in the future? Why should investors trust you and believe that Kinglory has experienced team members who are capable of making the project a success?
While going through Kinglory’s website, I noticed that You can use KGC on Kinglory applications for sending value to friends and family. As KGC is a native currency of Kingory, this transfer will be possible with a Kinglory account and trnsfer from one wallet to another wallet. What are the procedures required in creating a Kinglory account? Is there a KYC requirement? Does KGC have a wallet for users or what wallet is compatible with KGC transfer. How can one manage His KGC and Kingory account?
Blending technical mastery and professional stability, the Kinglory consists of internationally recognized researchers, mathematicians, cryptographers, and economists along with proven business leaders from global technology companies.
The Kinglory public chain R&D team is composed of blockchain geeks from Canada, United States, United Kingdom, Russia, Israel and other countries. I cannot find any team member status on your website? Despite all these, Kinglory is still looking for the best and brightest to be part of the growing team in a cutting edge industry. How can one apply to be a part of the team? What are the requirements needed to apply and be part of the team?
It is stated that KGC is the lifeblood of Kinglory. When you send KGC or use a Kinglory application, you’ll pay a small fee in KGC to use the Kinglory network. This fee is an incentive for a miner to process and verify what you’re trying to do. And Miners are like the record-keepers of Kinglory – they check and prove that no one is cheating. How are these miners rewarded for their work? And also, One can get KGC from an exchange or a wallet but different countries have different policies. What are some of these policies and how is Kinglory planning to Strive effectively with such policies?
You mentioned in your website there are billions of people can’t open bank accounts, others have their payments blocked and Kinglory’s decentralized finance (DeFi) system never sleeps or discriminates. People only need an internet connection to send, receive, borrow, earn interest, etc on your platform. Said this, If Kinglory DeFi doesn’t discriminate any user, how do you garantee the security and transparency of your functions?
GAMING has become very popular this year, and i saw it’s one of your filter use cases. Even i was looking for announced games in your platform but i didn’t find it, either a roadmap for future announcements. So, what are your plans regarding this? Do you have any idea what your game will based in? I guest it would be about NFTs. I am very curious about your roadmap for this.
The KinGlory ecosystem includes a decentralized app store, blockchain software, and the basic blockchain infrastructure.The applications on the KinGlory blockchain are transparent and have open source code and have a modular system of blocks on the blockchain. What allows Kinglory to have open source code in its applications? How does the User of the platform benefit from this? Also, how does the modular block system work? What benefit does this modular system offer to the user?
KinGlory uses trusted cryptography to protect users’ account information, messages, and personal data from hackers or other unauthorized persons. What are the cryptographic elements used by Kinglory to achieve a high level of security within its platform? Kinglory can we consider it a 100% secure platform?
The KinGlory ecosystem is based on the blockchain created by him, which allows users to securely deploy dapps, make payments between applications almost instantly, and create their own tokens. What are the advantages of the Kinglory blockchain? Why should developers host their projects within these blockchains?
Kinglory claims to have one of the safest platforms to make asset transactions, they mention that they are secured by cryptography to protect wallets, KGC and transactions, could you tell us about this cryptographic system? What technology do they use to protect the platform and what measures have they taken to keep your code safe?
Regarding your KGC token, I see that the mining function will be enabled to keep the platform safe and free from centralized control, so could you tell us the technical details of the mining system and how are miners incentivized to keep the platform safe?
Kinglory is a DeFi Blockchain Ecosystem that shares many similarities to other networks; you will have your own token, KGC, and features like borrowing, trading, and earning. However, as we know, every blockchain around today comes with its own sets of advantages and disadvantages, like Ethereum’s top-notch smart contract development prototype, and its high gas fees. And BSC, with its fast, easy-er to use platform, and its flood of meme coins and scams. So, with this in mind, would you tell us what is Kinglory’s forte? Does it offer cheaper fees? Thorough anti-rug-pull screening for projects? How is it innovative? How can Kinglory become the much-needed solution for every crypto user out there?
One of the nice features of Kinglory is the “KINGLORY VIRTUAL MACHINE “(KVM) which is said to exist as one single entity maintained by thousands of connected computers running a Kinglory client… So how does the Kinglory Virtual Machine work, what are the features of this Virtual machine, what can it be used for.. and how is this virtual machine maintained by the computers connected running a Kinglory client, what activities do they carry out in this regard…
It is stated that Kinglory builds on Bitcoin’s innovation, with some big differences, One of them being that Kinglory is Programmable… so what is the similarity between Kinglory and Bitcoin, is the bitcoin blockchain involved in any of Kinglory’s processes.. and what kind of programmable features and functions can Kinglory be used for….
Kinglory is said to have an interesting new fundraising model called quadratic funding, and that this model has the potential to improve the way Kinglory will fund all types of public goods in the future… So how does the Kinglory Quadratic Funding model work, how will funds for this model be sourced and how will this Funding model go on to improve the entire ecosystem of Kinglory..
You mention that there are many cryptocurrencies and lots of other tokens on Kinglory but you only mention KGC token,Can you tell us how many tokens you have on Kinglory?What is so unique and or so significance about KGC token?You also said that if a user wants to send KGC or use your application,a certain amount of fee will be paid,How much will it cost one to use your application and what will the fees be used for? Thanks
Users are allowed to stake their KGC to become a KingLory validator,and to become a full validator a user needs 32 KGC.Is 32 KGC the minimum/maximum requirement for one to become a full validator? Can you tell us the benefits of Staking KGC? During staking,some platforms lock up their coin for a period of time and cannot be sold.Is this method also part of your staking process,if yes how long will user KGC be locked up? Thanks
KingLory is backed by cryptography that serves as a technique for the transmission of secure messages among two or more participants.So,what is the important aspect in the operations of cryptography on KingLory?Many tools related to applications of cryptography in blockchains
include hashing and digital signatures,are these tools part of the cryptography your platform is using?If yes,how will using them ensure security and complete anonymity of transaction details? Thanks
What are the least volatile Kinglory tokens, how will NFT be incorporated into their platform, what will be their uses and functionalities, is it possible with Kinglory to save with est coins?
Kinglory offers its investors ease so that they can buy their tokens and main assets, KGC is divisible up to 18 decimal places so that you do not have to buy 1 whole KGC, you can buy fractions of 0.000000000000000001 KGC, equivalent to 1 KGC expressed in BNB or ETH, how much should be invested initially to be part of its platform, on its website it says that there are many cryptocurrencies and many other tokens in Kinglory, but there are some things that only KGC can do, which is that characteristic that differentiates KGC from the others ?
Why are the uses of Kinglory growing every day ??, of all the forms, uses and functionalities that its developers can grant you, which are the most productive and which offer the most profitability to the project in the long term, what is your opinion regarding the inclusion of stablecoins and fiat currencies to your project?
Re-entrancy is one of the largest and most significant security issue to consider when developing Smart Contracts. While the Kinglory Virtual Machine(KVM) cannot run multiple contracts at the same time, a contract calling a different contract pauses the calling contract’s execution and memory state until the call returns, at which point execution proceeds normally. This pausing and re-starting can create a vulnerability that can be exploited by attackers known as “re-entrancy”. How is your ecosystem structured or which mechanism did you use to ensure the safety and security of your ecosystem? Can you briefly list some advantages deploying smart contracts on your Protocol offer?
There are four types of wallet available for users which includes Physical hardware wallets, Mobile applications, Web wallets and the Desktop applications. I would like to know more about the Physical hardware wallet, So how does the Physical hardware wallet work and how safe and secure is this walle? What are it’s advantages? How can i acquire it?
Some of the features on your platform include Stakin, DeFi and NFTs among several others. Can you briefly Explain how your community members, utilize the staking, Defi and NFTS features to earn income? Can you tell us about the rewards, risk and validators of your staking pool? Also you requested collaboration with community members who have an idea on how to improve KINGlory and that this members can claim POAP token, when their idea is implemented. How does this work and how can this rewards be claimed?
As an enterprise, your project will ensure the liveliness and security of Kinglory as well as promote the growth of new applications and use cases for the platform. To fast track this, you will provide incentives to contributors and App developers through token grants, competitions and investments. Can you briefly talk on this, how will Kinglory set this up, and how will the competitions and investments be tailored to meet the specific needs of this professionals? Also, you have stated that your accounts will be rebalanced on regular intervals, as well as selling some KGC through third party runs. Can you extensively talk on this points, why are these actions necessary?
Kinglory has a foundation name Kinglory Foundation (KF) in which it is a non-profit organization dedicated to supporting Kinglory and related technologies and this foundation has an Ecosystem Support Program.So,how does your platform allocate funds for Kinglory Foundation? As it mention that this foundation supporting Kinglory and related technologies,so can you tell us what kind of technologies in Kinglory that this foundation focusing on? What are the other function of Kinglory Foundation in your network? With this foundation,do you plan to integrate it with charity just like other platforms that also support charity with a purpose? In connection with this,could you explain more about the Ecosystem Support Program that this Kinglory Foundation is launching? What is the purpose of this program and how would this program bring impacts to the whole ecosystem of Kinglory? Thank you
Kinglory as an open access to digital money and data friendly services, is said to provide a level playing field to all DeFi related activities on blockchain. Kinglory would support DeFi genres from gaming, financial services, NFTs, security, commerce and a whole lot. As a supporting hub to all these business models as mentioned, can you kindly explain the processes, tools, resources as well as applications employed to guarantee effective service delivery, and as the DeFi world looks to Kinglory to satisfy their immediate and future challenges, what guarantees can you offer in terms of protocol, system, as well as data security and transparency?
Currently, billions of individuals are unable to open bank accounts, and others are unable to make payments. The decentralized finance (DeFi) system used by Kinglory never sleeps or discriminates. You may transfer, receive, borrow, earn interest, and even stream funds anywhere in the world with just an internet connection. So, could you tell us a little bit more about this? Do you require Know Your Customer (KYC)? What is the currency in which we can transfer, receive, and earn interest? You claimed that we can stream funds anywhere in the world, so does that mean you don’t have any restrictions?
Can you tell us more about how Kinglory uses current cryptography? What is modern cryptography, and how does it work? What is the mechanism behind it? And how will it benefit the Kingglory ecosystem?
Kinglory wallets are applications that let you interact with your Kinglory account. Think of it like an internet banking app – without the bank. But I believe Kinglory wallet is better with mobile app,so do you have plan to launch you own application in mobile to give ease to your users in browsing Kinglory wallet? If yes,when can we expect Kinglory mobile app to be available in Playstore or Apple store? Could you tell us some of the cool and great features of this Kinglory wallet? How it would be accessible by now since you don’t have mobile app yet? Lastly,do we need KYC verification to register and use Kinglory wallet? How safe and secure our funds and assets with this wallet?Thank you
In an effort to improve on services and products offered, Kinglory has deemed it fit to allow it’s community contribute meaningfully to the project. It has created paltforms on Discord, Github as well as Twitter to receive user contributions. However I noticed this exercise started early last year, and still runs. Can you briefly let us know how these contributions has helped the Kinglory project so far, and in what ways can a user contribute? I also noticed previous contributors where rewarded with a uniquely minted POAP (Proof of Attendance Protocol). Can further explain this, and is this reward scheme still applicable to present day contributors?
Your Proof of Attendance Protocol (POAP) token, which is an on-chain proof that one contributed to making the ecosystem a little more great, drew my eye. Could you elaborate on this? What are the contributions for which this POAP token will be awarded? So you have this POAP token in addition to your native KGC token? What applications will it have? Is it possible to mint this POAP? What kind of token will be used for governance and what kind of token will be used for staking?
Thank you!
Greetings Kinglory my question is the following: how to start in your project that I need to start from scratch, what are the capabilities and functions that Kinglory offers me? What is the type of security that you use both for the user and for the project, what would happen if there is an interruption in the system? Would it have to wait a while or could the tokens be withdrawn? What functions would Kinglory use, to be able to access our tokens in the middle of an interruption? Would our transactions be insured? What are the recommendations to follow in case of an emergency, explain these functions to us, thank you
Based on your website, Kinglory has a wide variety of use-cases ranging form E-commerce to DeFi and gaming but one use-case had me thinking is that Kinglory’s products can be used for the “Environment”. Would you care to explain how can your products and services apply to our environment? Do you have community activities and social organizaiton supporting and saving our homes? How does Kinglory contribute to the environment?
I’ve learned that Kinglory is also offering decentralized storage products and features and I have a question about your mechanism for Data Retension. It says on your website that Kinglory is utilizing the PoW or Proof-of-Work consensus for your decentralized storage. We all know that this kind of consensus is expensive for the miners and validators. In the future, would Kinglory change its decentralized storage consensus to a more convenient and efficient way of retenting data using the consensus PoS just like the project Filecoin and 0Chain?
Kinglory Foundation or KF is a non-profit organization dedicated to supporting Kinglory and related technologies. It says on your website that since 2017, Kinglory Foundation has organized developer conference which is an annual conference which future developments of Kinglory are discussed. For this year, when will you hold the developer conference? Is it possible to attend even though I am not part of the Kinglory team/company?
Hello Kinglory, could you explain to us since the issue of wallets is important, what is a Kinglory wallet, how does it work? How often do I trade wallet providers, I was reading about allowing me to manage multiple Kinglory accounts from a single app. How would this work and why? tell us from its own creators to better understand these points.
Kinglory, will you allow me to access application wallets or also web wallets, how do I get my first KGC tokens, is your token fully decentralized? how much is the minimum that we can acquire from the KGC token, and what security does Kinglory offer me when making transactions of the token and what type of intermediary do I need for that, what is the response capacity for the transactions, and what would be the fee to pay when you send KGC or use a Kinglory app? I would like to know more about the functions of the KGC tokens.
I want to know more reliable informations about KINGlory basic Blockchain infrastructure. How about the transaction speed of KINGlory blockchain service? How many transaction per block will it include & how many blockes will KINGlory blockchain be able to generate per second? What type of consensus models will you use in KINGlory blockchain network? Will it be PoS or PoW? Will KINGlory Blockchain network be secure just like Bitcoin, Ethereum which are constantly and continually growing as blocks are being added to the chain, which significantly adds to the security of the ledger? And also Please let us know how about the smart contract of the projects will operate within KINGlory Blockchain network?
You said that Kinglory uses modern cryptography, communications, distributed computers and distributed storage technologies to support decentralized business applications of finance, social networking, e-commerce, search and storage. How does this support take into account considering that your project is young and the competition is quite high?
How does Kinglory’s Decentralized Financing System (DeFi) work? To what extent can users trust the system you have created?
I noticed that you are based on the closest and most lasting partnerships with the blockchain community. Can you tell us who KInglory’s current partners are? And how the partnership takes place. What are the benefits on both sides. Thanks!
I could discover some details about KINGlory Foundation. And you have mentioned that KINGlory is a Non- profit organization & the Kinglory Foundation has organized Developer Conference, the annual conference for all Kinglory developers since 2017. So what is the point of being as a Non-Profit organization even though you have contributed so many things to KINGlory ecosystem? What are the other initiative Services, you provide through KINGlory Foundation? Is there a specific fund allocation that KINGlory Foundation own in order to do these Conferences for Developers? Will you conduct the annual Conference for KINGlory developers through KINGlory Foundation?
You have integrated a KINGlory wallet also for the community. Can you provide a well detailed explanation on the wallet? Will it have a security system like a seed phrase that we use in Trust Wallet? Is it available on both Mobile versions & Web versions? What about the Dapp system in KINGlory Wallet? Will it consisted with a Swap option?
Hello Kinglory Team
As per your website ”Kinglory wallets are applications that let you interact with your Kinglory account. Think of it like an internet banking app – without the bank. Your wallet lets you read your balance, send transactions and connect to applications.” How can i create Kinglory account? Do i need to provide my personal details like Email, phone number,etc to create Kinglory Wallet? What security measure have been taken place from your side to secure users privacy?
Thank you!