Month: August 2021

We are pleased to announce our next AMA on August 6th 2021 at 03:00 PM UTC Time: Satoshi Club x Brokoli

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Brokoli 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. Brokoli Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Brokoli

For more details:
Brokoli Website – brokoli.network
Brokoli Telegram – @brokolinetwork
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on August 3rd 2021 at 01:00 PM UTC Time: Satoshi Club x King Baby Doge

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join King Baby Doge 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. King Baby Doge Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about King Baby Doge

For more details:
King Baby Doge Website – kingbabydoge.io
King Baby Doge Telegram – @kingbabydogechat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Obortech, a project with strong fundamentals addressing real-life problems. The AMA took place on July 29 and our guest was Tamir B., CEO and Founder of Obortech.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Obortech!  Welcome to Satoshi Club. @B_Tamir welcome here.

Tamir B: Thank you. I’m happy to be here with you all.

Gold Rocket | Satoshi Club: Let’s start! Introduce yourself. How did you get to be involved in crypto & OBORTECH? Tell us please about yourself and your position in OBORTECH.

Tamir B: I’m CEO and Founder of OBORTECH. Before the project, I was a project developer and communicator for international development projects that were implemented by governments of USA, Switzerland, Mongolia, etc. Most of their projects were implemented in transportation, energy efficiency, and mining sectors. I also have passion for UX/UI design for over 10 years and always wanted make things simpler with design ideas. As for the crypto industries, I was one of the passionate people who joined the 2017-2018 bull run and learned a lot about the blockchain and crypto back then. Based on my professional experience international development project, a passion for design to make things simpler, and interest in crypto/blockchain, I started the OBORTECH project in 2019 with my colleague.

Gold Rocket | Satoshi Club: What is the essence of your project?

Tamir B: We are aiming to solve one of the most complex and big problems faced with any economy of the world, which is supply chain inefficiency. OBORTECH aims to create the Smart Hub, a fully digital ecosystem where all actors in supply chain remotely collaborate in a decentralized and democratic blockchain network.

Gold Rocket | Satoshi Club: Also we would like to know about your team. Who is on the project team?

Tamir B: Sure. We ourselves have been in logistics and project development fields for a long period of time. Our co-founder has been in the logistics sector for over 20 years, and now leads one of the biggest logistics companies in Mongolia. Our Chief Counsel/Lawyer is Harvard Graduate and has extensive experience in corporate law and regulations. Our CFO/Finance person has over 20 years of experience in central banking, financial and investment institutions. Our blockchain architects have also been in software development for 20 years and in the blockchain field for 6 years. We have a team of veterans for their respective fields.

We are an international team. Some of us working in our office, and others working remotely from different parts of the world. Also current pandemic situation urges us to work remotely even when we are in a same region. So, I think working as a remote is a new norm for all of us.

Q1 from Telegram User @josegamboac

The world’s current situation, necessitates the adoption of emerging technologies in the transportation and logistics industries. People all over the world have now realized the importance of blockchain and other newer technologies in supply chains. As a platform developed in Blockchains and the crypto world, what is the contribution that Obortech makes to the current global situation of pandemic by Covid 19?

Tamir B: Good question. Some recent studies show supply chain managers are now more aware of importance of technologies for smart logistics. Because, the Covid 19 tested all our readiness and agility to react quickly on unexpected situations. On that, smart and agile supply chains were winners. From now on, it will more require digitization of all sectors. So, having smart logistics underpinned by emerging technologies like blockchain and IoT is imperative for all companies now. Simplest example is we need fully digital ecosystem in supply chain that everyone not physically interact to exchange paper based information to avoid contagions.

Mary | Satoshi Club: So, with your system we won’t need any paper documentation?

Tamir B: Yes. All is digital. Even though you need to exchange paper document via old way, you can scan your document and our system will read and convert it to digital document using OCR technology. And your colleague on other side can accept your document remotely using blockchain based validation on our system. So, you won’t need to deliver your paper based document in person.

Q2 from Telegram User @orlemys

I read that you offer IoT sensors for real time visibility and tracking, as this is a key feature in your project, I’d like to know what is this IoT technology, how efficient and accurate it is, and if it’s up to industry standards, or if it is more experimental? Also, more importantly, how safe is this tech against hacking, in fact how safe is your overall platform against hacking and theft?

Tamir B: Alright. The biggest advantage of IoT technology is you can get the real-time data of movement and condition of the cargo installed with IoT without needing to call freight forwarders or transporters. We are using IoT sensors and installing them on trucks and containers that monitored via our platform. So, it can monitor location, temperature, sealing, humidity of the cargo in real-time for you. Actually, all IoT sensors we are using in our platform have already been commercially accepted and used in the industry. As for the security issue, we are using industry accepted technologies that are already being used by big companies. For instances, our blockchain platform is based on Hyperledger Fabric, which is used by many big enterprises. Our IoT sensors have already gotten many security standards and widely used by many companies. So, there will be less chance of hacking these technologies.

Gold Rocket | Satoshi Club: By the way, if an insured event occurs and the goods are either stolen or damaged, who compensates for the loss of customers?

Tamir B: It will mainly depend on the terms of the service between parties and established contract between them. However, our system’s role will be informing all the parties in real-time whenever there is sealing breach in container or shipment route deviations. Since all events are registered on blockchain and responsibility of any party will be identical on our platform, the disputes will be resolved quickly between parties on our platform. As for the traditional systems, such disputes take months to be resolved because of lack of audit traces and trusted information about the events.

Q3 from Telegram User @Asela1112

Using CERTIK, Obortech audited the Smart contract. But when I took a look, 93% tell Obortech secure & remaining 7% say it is insecure. Why is that? In CERTIK audit report, safety assessment is in average level as they mentioned. Will you take actions to evolve Obortech platform as a more safety platform? you have audit just one time even you start Obortech concept in 2019. As I think, Obortech should be audited 3 times at least by 2021. So will you bring more audits in future to the Obortech ecosystem?

Tamir B: Sure. It is just a starting point. We’ll do more work on our platform and get more audits not only by Certik but also by different agencies for different parts of the platform. For instance, we are aiming to get GDPR compliance audit by third party agency this year on our main platform. GDPR is a data protection and privacy regulation by European Union. The GDPR compliant platform means it’s users personal data is protected and more control is given to its users. One of the most important factor for decentralization.

Q4 from Telegram User @Arisabela

There is an alliance between Obortech with logistic companies and governmental institutions from Mongolia, Europe and Australia. Can you explain to us what problems in these countries you intend to solve with OBORTECH digital solutions? How important is this participation especially with the Mongolian companies for the project?

Tamir B: A major problem OBORTECH is trying to solve is supply chain inefficiencies caused by mistrust between parties and absence of unified information exchange. Particularly in Mongolia, there is a trust gap between regulators, private sectors, and even between border and regulating agencies in neighboring countries. Because of these, there are more complicated and manual procedures lagging shipments and trade processes between parties involved in business relation. So, we are collaborating with logistics companies, exporters, regulators, international organizations in Mongolia to build unified data exchange digital platform based on blockchain and IoT for all actors. So that trust is built between them and create more smooth process of trade and logistics.

Mary | Satoshi Club: Which countries are you expect to work with in the nearest future?

Tamir B: We’ll start from Mongolia first. However, we’ve received some early interest messages from companies in Germany, Belgium, and other European regions. Once our main platform is launched, we’ll do more marketing in regions other than Mongolia.

Q5 from Telegram User @Highpee

Your total token supply is 300,000,000 and out of this, 20% is reserved for team, 3% for management whereas 43% is kept as ecosystem reserve. Why do you allocate a high % of token to the team which is almost equal to the 23% of $OBOT you sold to the public during token sale? What is the difference between the team and management allocation? Is the founding team different from management team or why are they having separate allocations? Also, what is the purpose of the ecosystem reserve and why is almost half of your token allocated for this purpose? Who controls the administration or utilisation of this fund and when is it released?

Tamir B: As for the 20% allocation of team tokens, those are locked for 2 years with 25% release every 6 months. That means, all that tokens for the team can’t be released in a single time. For tokens of management, those are locked for full 2 years and reserved for future management of the team in a long-run such as third party advisory board members etc.

The ecosystem reserve is the tokens for future release of different activities similar with other tokens in the market. As you can see that there are many well-known crypto projects that just released only less than 20% of their total token supply and keeping their remaining supply for future activities.

Gold Rocket | Satoshi Club: By the way, share your tokenomics with us please.

Tamir B: you can see it on our website at https://www.obortech.io/obot-defi

Mary | Satoshi Club: Which activities do you plan in the nearest future?

Tamir B: Our major aim now is to launch the Smart Hub this year and do more marketing after that. We’ll produce more use-case videos and contents afterwards. Also expect more partnership news this fall. We are having many discussions with different parties at the moment for collaboration opportunities. We’ll release their news only after the confirmation of the formal collaboration.

Q6 from Telegram User @nhairym

OborTech is only available on Uniswap and ProBit Global exchanges, as is the purchase process, have you considered joining other chains and creating a more adaptable and accessible space for your investors and buyers? Do you have a pre-sale process planned soon, how do you see the project in the long term, what are your projections to close this year?

Tamir B: We are thinking of possibilities migrating to BSC, Cardano etc. But, currently waiting our main platform’s development. We are also thinking of third exchange but that needs to happen only after the Smart Hub launch.

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.

Q1 from Telegram user @potentialsake

You have a feature named Smart Hub so what is Smart Hub and what are the features of Smart Hub?

Tamir B: The Smart Hub offers:

• Blockchain and cloud powered communication hub,
• Tamper-proof, unified and online document exchange,
• IoT based real-time visibility and tracking,
• Open and decentralized networking marketplace.

Explore more on our website.

Q2 from Telegram user @coinresearcher

Where do you get IoT sensors? Do you manufacture them?

Tamir B: We collaborate with leading IoT sensor producers trusted by big brands. We combine their devices into our platform service as a one-stop solution for both blockchain and IoT.

Q3 from Telegram user @Einsteinyl

I’m just curious, do Obortech token have burn&buyback feature for the token, could you introduce how the mechanism work for burn or buyback from your project?

Tamir B: Every basic transaction for the Smart Hub, paid for in OBOT is split in the following ways:

• 70 % to OBORTECHglobal OÜ as a Network Admin fee,
• 10 % to marketing & new user growth pool,
• 10 % to community building pool,
• 5 % returned to OBORTECHglobal OÜ for Non-Profit/CSR Activities,
• 5 % IS USED FOR TOKEN BURNS TO PROMOTE SCARCITY OF THE TOKEN.

Q4 from Telegram user @orlemys

One thing that makes me curious about your project, is its governance system. You are a decentralized platform, with community governance, but it is stated that Smart Hub members are the ones to invite and approve any new members. And this is quite confusing, when you refer to Smart Hub members, who are you referring to? Can all users be Smart Hub members? How can we become one?

Tamir B: The Members are organizations using the Smart Hub platform. In supply chain, business data privacy is the most important. So, the Smart Hub platform network members should know who is joining their network.  OBOT token holders are a separate community. If you want to join the Smart Hub, you need an organization operating in supply chain.

Q5 from Telegram user @Korryl

Well from what I read on today ama, Obortech really a great project, may I know about Obortech public sale and presale? where will Token listing? Any info regarding future list on exchanger?

Tamir B: Thank you. Our presale is finished. Currently, OBOT is traded at Uniswap and Probit. You can see their links from here: https://www.obortech.io/obot-defi

Q6 from Telegram user @KASG95

You mention that with Obortech users can exchange services in the Smart Hub Marketplace, but how will it really work? How can these services be exchanged? If so, will these services be NFT tokenized?

Tamir B: This feature will be introduced when the Marketplace part of the project is developed in 2022. It will be done via smart contracts on the platform between users. We are not clear at the moment to integrate NFTs, but will consider it.

Q7 from Telegram user @xperia3

Obortech have 2 headquarters according to its website and these are in Estonia and Mongolia. Which one of these are the main office and why did you choose the other country for opening your second office? I would like to ask if Obortech aim to be active on Asia and Europe only of do you already have plans to expand and become a global project?

Tamir B: Currently, our aimed markets are Asia and Europe. We might establish different companies in different regions depends on the market needs of our service.

Q8 from Telegram user @Jodasf

Nowadays it is important to know how to promote projects, since there are many projects that even having great products and services have been forgotten or discarded by users, so, how OBORTECH promotes adoption, what strategies are you using to avoid getting stuck with the same amount of users and get lost over time?

Tamir B: The Smart Hub is designed for easy to join and simple to use principles for quick adoption. The marketing will be led by regional anchors and champion partners who well know their local markets. OBORTECH will take partner-driven approach for the promotion of its business. In each supply chain ecosystem, the project will select anchor or champion partner to promote the network, attract potential clients, and lead the Smart Hub adoption there. A revenue sharing model will be offered to them.

Q9 from Telegram user @Ishan1_7

What social media accounts do you have so that we can stay up to date on your project? Please share it with us.

Tamir B: Follow our twitter and telegram channels for latest news: https://twitter.com/OBORTECHhub, https://t.me/OBORTECHNews

Q10 from Telegram user @DF3295

Are you going to be working on a single blockchain for Supply Chain or do you have any multichain perspective?

Tamir B: We are using two blockchains. Ehtereum for public chain and tokenization, Hyperledger Fabric for private and main platform for supply chain.

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PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Obortech. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

For more information and future AMAs, join our Social Media channels:

• English Telegram group: https://t.me/Satoshi_club
• Russian Telegram group: https://t.me/satoshi_club_ru
• Spanish Telegram group: https://t.me/satoshi_club_spanish
• Telegram Channel: https://t.me/satoshi_club_channel
• Website: https://esatoshi.club/
• Twitter: https://twitter.com/esatoshiclub 

Our Partners:

Twitter: https://twitter.com/OBORTECHhub

Telegram: https://t.me/OBORTECHNews

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from GPool and our guest were @jocrypto11, @Patrick_Anthony and @wei_dai. The AMA took place on the 1st of August.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with GPool! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club: Hello, dear community! Today our guests are @jocrypto11, @Patrick_Anthony and @wei_dai.

JJ Admin: Hello, thanks for having us!

Mary | Satoshi Club: Hello! How are you today?😀

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, guys!😊

JJ Admin: Thank you.

Mary | Satoshi Club: We are excited to see you all here today! 🔥

Patrick Anthony: Hello hello!

Wei Dai: Hi all, thanks for having us.

Gold Rocket | Satoshi Club: Nice to meet🙌

Mary | Satoshi Club: As you all are here, I think we can start our AMA🚀

Patrick Anthony: Let’s go!

Mary | Satoshi Club: And we will start it with intro! Could you please introduce yourself and tell us more about GPool😀

JJ Admin: Hi my name is Jon. I am one of the founding members of Genesis Pool. I have been with the project since its inception and I have been a retail investor in launchpads and IDOs for many years. My background is in investment and investor relations and I moved over to the crypto DeFi sector a few years ago.

Mary | Satoshi Club: So, you invested in DeFi before it became mainstream?😉

JJ Admin: Yes, but back then it was pretty difficult. Launchpads have really helped investors get into DeFi.

Mary | Satoshi Club: I am fully agree with you 😃

Patrick Anthony: I’m an Advisor for GPool and in the early stages I will be plugging in and assisting across all facets of the operation. I am a big believer and advocate of DeFi and believe we are on the right track to create a truly decentralised community focused LaunchPad that is going to change the game.

Mary | Satoshi Club: Sure, you will help a lot👍

Wei Dai: Hi all, I am also an advisor to GPool. I’ve been in the crypto industry for quite a while now, love cryptography, hashing mechanisms and experimenting with multi sig tx types.

Mary | Satoshi Club: Awesome! Your skills will definitely be very useful for GPool!

Gold Rocket | Satoshi Club: Great background guys 😊 What is the essence, main idea of GPool?

JJ Admin: Traditionally, retail investors have always struggled to purchase pre-sale tokens. Before launchpads all pre-sale tokens were bought by seed and private investors.

Launchpads were developed to help the public gain access to tokens in IDOs. Unfortunately, the current batch of launchpads are getting very few tokens for their communities, often just 1%.

Most launchpads now just use their communities for shilling and marketing the IDOs so that retail investors buy the tokens on the secondary market. GPool is here to change that.

Mary | Satoshi Club: Yes, you see the problem clearly 👍

Patrick Anthony: Projects no longer need seed and private investors. They take a large protion of the tokens and then just dump on the public. This needs to stop – Enter Genesis Pool. Healthy markets from DAY ONE!

Gold Rocket | Satoshi Club: Healthy markets are really what we need now crypto👍

JJ Admin: We agree!

Gold Rocket | Satoshi Club: How long does it take to develop a project?

Patrick Anthony: If you mean to develop the platform. GPool has been at it for a couple of months and we will continue to build out the platform itself for many more months. And once up and fully operation, we plan to hand over to the community and focus trully on a DAO based governance model.

Wei Dai: Here’s the roadmap for an indepth overview on product development: https://medium.com/gpoolofficial/genesis-pool-tokenomics-and-roadmap-507e5ff878d

Mary | Satoshi Club: Tell us more about GPool team😃 How big is it?

JJ Admin: We believe in true decentralisation and therefore the GPool team will remain anonymous.

Our team has all the skills required to make GPool the best launchpad in the sector, but its our community that will really make the difference.

Gold Rocket | Satoshi Club: Thanks for sharing👍 And big thanks for great introduction. We will have a questions selected for the Part 1. Ready to start?

JJ Admin: Yes!

Q1 from Telegram User @Asela1112:

In late August of 2021, GPOOL intends to the it’s IDO Launch with 67% $GPool tokens of total supply & no vesting period. Where will this IDO event take place? So Can users get $GPool tokens immediately after we invest our money? Which currencies can we use on GPOOL IDO? Will you use your own GPOOL launchpad to hold IDO event? Will you make KYC registration compulsory to be whitelisted in your IDO event?

Patrick Anthony: YES, week of the 23rd of August 2021.
No vesting period.

This will be the first launch on our Stage one platform.
We will immediately open up a market on Uniswap and provide sufficent liquidity for trading. Although I can’t see many wanting to trade with the amazing GPass staking scheme.

NO KYC for GPool – KYC may be a requirement on a case by case basis depending on the jurisdiction and projects raising on GPool.

Wei Dai: The single sided staking platform rewards users in multiple tokens. So all projects that ever launch on GPool will have to allocate 0.2-2% of their tokens to be rewarded to the members who stake their GPool tokens…

We have prepared and indepth piece on the staking platform: https://medium.com/gpoolofficial/the-genesis-staking-pool-ae1a3bb8777

Gold Rocket | Satoshi Club: Thank you very much for the detailed explanation and for sharing this article.

Mary | Satoshi Club: Using which currencies we will be able to purchase $GPool tokens?

Patrick Anthony: USDT/C and eventually majority of the major stables.

Mary | Satoshi Club: Cool!👍

Gold Rocket | Satoshi Club: What do you think is the reason for the absence many wanting to trade with the amazing GPass staking scheme?😊
And how can this be changed?

Patrick Anthony: Just by holding GPool tokens you are rewarded with a Gold GPass which allows you priority whitelisting to IDO’s. And with the 4 projects we have officially secured I can’t see many wanting to risk missing this. These projects will be announced prior to our Launch on the 23rd.

Wei Dai: So by the time these 4 projects are done with their IDOs, the members who stake their GPool tokens, will be rewarded in all of these tokens as rewards.

Gold Rocket | Satoshi Club: This really clarifies a lot 👍

Mary | Satoshi Club: Thank you! Ready to proceed?😃

JJ Admin: Yes!

Patrick Anthony: Born ready!

Mary | Satoshi Club: Partially covered, but I am sure you have a lot to add on this topic 👍

Q2 from Telegram User @yellowchamp:

I found out in your roadmap development for 3rd quarter that you will have a Single sided staking platform and you will also launch a Genesis Pass. So,can you give us an idea about this Single sided staking in your platform? How it will works and what are the requirements and advantages to stake in your platform despite of having many staking platforms in the market already? Can you also share any idea about the Genesis Pass? What is the use of Genesis Pass in your platform? How to avail Genesis Pass? What are the advantages and benefits of we will have a Genesis Pass in your platform?

JJ Admin:

To reward its most loyal investors, Genesis Pool will introduce the Genesis Pass (GPass), a reward scheme that will give increasing benefits to investors who hold and stake their GPool tokens.

The Gold GPass will be given to all those investors joining GPool at its inception.

Gold Rocket | Satoshi Club: Thanks for your answer.

Mary | Satoshi Club: This will depend only on the period not on the amount of tokens staked?

JJ Admin: Investors joining GPool at our launch will get given the Gold GPass automatically. They will not have to wait 101 days. The amount of GPool tokens required will be the allocation amount in our IDO.

Mary | Satoshi Club: Gotcha 👍

Patrick Anthony: Within our tokenomics we have allocated 2% for the staking rewards pool. We also have a partnership being announced in the next couple of days that will also be adding tokens to the staking pool. So, by staking users will be rewards well from day one. Also, every project that lists on Genesis Pool will also be required to provide from .02% to 2% of supply to the staking pool.

Wei Dai: Staking platform is pretty much covered in the answer above.
It is pretty straight forward and one of a kind, for all users who stake their $GPOOL tokens, they will be rewarded with the tokens that do an IDO on the GPool platform.

It is one of a kind because, while other launchapds are releasing only 1% of the project tokens for the public sales, we’re encouraging them to give out 0.2-2% just as rewards.

Gold Rocket | Satoshi Club: Indeed it looks like a rather unique solution.
Thanks for your answers. Ready to proceed to the next question?

Patrick Anthony: Yes!

Q3 from Telegram User @antoni_azx:

One of the little controversial advantages of Gpool is that it will be interoperable. However, despite the articles, I could not find clear information on the mechanism or technologies that will be used to connect with different chains. Can you tell us more about this topic?

Wei Dai: We can’t put all our cards out too early. 😬

More will come to light with the layer 1 chain we’re partnering with, the announcement regarding this will go out in the coming week. One of the key reasons we’re partnering with them is to use their bridge to connect between multiple networks.

Gold Rocket | Satoshi Club: Don’t forget to share with Satoshi Clubbers😉

Patrick Anthony: We will pop back mid week with the news.

Mary | Satoshi Club: But can you tell us which networks will be available?

Patrick Anthony: Every network will be available.

Mary | Satoshi Club: That’s clear!😀 Thank you, guys! We will follow your updates! Ready to go to the next question?

JJ Admin: Yes!

Q4 from Telegram User @Zohaya:

GPOOL will be unique in that it will only offer one investment tier. This is one advantage that GPOOL will provide to all of its investors. My question is, why did GPOOL choose this type of strategy? Other launchpads offer three or more investment tiers to attract large investments, so why did GPOOl choose only one?

JJ Admin: This is the simplest solution to allowing retail investors easy access to the GPool IDOs.

We chose this strategy because it benefits our community. Its that simple.

There are now so many savvy retail investors out there, including your members 😊, that we don’t need to attract large investors who will pump and dump tokens on launch.

Mary | Satoshi Club: So, you think VCs are evil?😀

Patrick Anthony: No – we are not saying they are evil.
It’s just unfortunate that they are slowly becoming obsolete as the retail investor can provide the same level of investment but spread across multiple individuals. This reduces the risk of pump and dump.
We are providing the on ramp to facilitate this. Instead of have 10 people with a $100K position. Projects will now be able to have 1000 people with a $1000 position.
I will say it again. Healthy markets from day 1.

Gold Rocket | Satoshi Club: Thanks for your answers 😃 Ready to proceed to the next question?

Q5 from Telegram user @DK177:

You have indicated that GPOOL is free of whales. Whale activities is a major problem related to new projects. Therefore, your decision is great. However, how do you put this concept in to practice? How do you prevent whales from buying activities? Please explain your anti-whale policy. Further, you have mentioned that investors will be from the GPOOL community. How do you guarantee the GPOOL community is free of whales? What will happen one whale invests with multiple accounts and generates a sell-off situation? In addition to theoretical plans, did you examine about the damage done by whales on similar platforms?

Patrick Anthony: It would be a huge effort for a whale to go and create multiple accounts to purchase multiple positions for every whitelist.
As for the secondary market I know I personally will be trying to buy as much as possible so I can stake and earn more rewards.

Mary | Satoshi Club: That’s why they are whales 😀 but there are a lot of sense in your words.

JJ Admin: In addition to theoretical plans, did you examine about the damage done by whales on similar platforms?

Yes we did a lot of research into the other launchpads and wrote an in-depth article on how whales have caused a great deal of damage. One of the examples we used was the Refinable IDO on Polkastarter.

Here is the Medium article: https://medium.com/gpoolofficial/launchpads-no-friend-of-the-retail-investor-bcffba71a650

Mary | Satoshi Club: Thank you for sharing! We will definitely read it! Ready for the 6th and last question from this part?😀

Patrick Anthony: Lets go!

Q6 from Telegram user @orlemys:

Your running Pre-Launch Olympics Competition might be one of the most clever marketing ideas I’ve ever seen. With participants creating Medium articles and Youtube videos for a chance to win, you are sure to gain some traction in your platform. However, one of the possible events you listed for participation was the ‘Trolling another Launchpad’. I know most crypto or internet-related things should not be taken so seriously, but recently there has been a rise of toxicity in the community, so how do you ensure the posts stay innocent and don’t delve into anything that might escape your hands? Also, since it is not required to be an investor to win, random users, including minors, might also participate, wouldn’t this also be risky?

Patrick Anthony: Yeah. I agree. We think it is going to do very well.
Trolling is common on the internet and we thought why not have a little fun with it all. And as it is light hearted we do not see any risk in this.
Funnily enough, the trolling competition is one of the comps that has the most entrants to date.

JJ Admin: Here is the link to the Medium article on how to enter the $20,000 GPool Olympic competition: https://medium.com/gpoolofficial/genesis-pool-20-000-pre-launch-olympics-competition-c1c94d4b14cb

Gold Rocket | Satoshi Club: Do you have a favorite in this competition? 😁

Patrick Anthony: I do enjoy the meme and trolling competition entrants most.

JJ Admin: I think the 250 word Medium article competition will be great. I hope all your members enter.

Wei Dai: I am looking forward to the ones that flood reddit with GPool 😊

Gold Rocket | Satoshi Club: Thank you very much for this fascinating first part of AMA. Now get ready for the most impressive part of the AMA – the living questions!

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @beerskit:

Which blockchain are you using for GPool project and do you plan to add support for BSC?

Wei Dai: Initially on the Ethereum network, but our long term plan is to have it across all other blockchains. Support for BSC is in the roadmap: https://t.me/gpoolofficialann/32

Q2 from Telegram user @alamins005:

Do you have a partnership with a venture capital firm or an investment firm?

Patrick Anthony: Negative, no need. We are for the community by the community. “Where retail investors become the seed and private investors”.

Q3 from Telegram user @highpee:

Almost 70% of token will be available to the public during IDO and these tokens will not be vested,. Why do you allocate so much to the public IDO? Don’t you think this may be risky if some profit seeking early investors decided to dump a large chunk of the presale token back into circulation as soon as you launch?

JJ Admin: Great question. GPool is very proud we are enabling our community to purchase 67% of our tokens. We feel the loyalty GPass and the staking platform will encourage investors to lock up their tokens. Also with an amazing flow of IDOs investors wont want to sell.

Q4 from Telegram user @bigboicity12:

Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?

Patrick Anthony: We feel that we mitigate this via GPass and the Staking platform.

Q5 from Telegram user @Rakshitx5:

As GPool is a truly decentralized platform so we can also see meme projects with no real utility? which are usually launched for the developer’s profits? So how GPool deals with memes or no utility projects?

Wei Dai: Nice question. We’re introducing a governance model, so the community will be able to choose the projects that should be eligible for an IDO.

Q6 from Telegram user @ElonsMusky:

I don’t understand the olympics very well, maybe you guys can elaborate? Can you guys explain how you will entice other projects to launch on GPool instead of other launchpads?

JJ Admin: Please read our Medium article: https://medium.com/gpoolofficial/genesis-pool-20-000-pre-launch-olympics-competition-c1c94d4b14cb

Q7 from Telegram user @BJosefina61:

How will GPOOL work to deliver high quality projects within the Gpool launchpad and not teams without serious ideas?

Wei Dai: The projects that apply for an IDO will go through multiple stages of review and the final approval will be from the community. In short, the community decides the projects that get approved for the IDO.

Q8 from Telegram user @Hermbh28:

There are already well known IDOs in market like polkastarter, paid network, cardstarter and many more. So my question is what makes you difference from that IDOs?

JJ Admin: There are over 60 launchpads and all of them we consider our competitors. Polkastarter, the largest launchpad by mcap, has 40k wallet holders. So the combined launchpad sector would have over 300k members.

All of these members want to participate in IDOs and we feel that many of them are being frustrated by the way these launchpads give access to their whitelistings.

GPool is working with projects from a much earlier stage and by doing this we are able to gain a much larger share of the projects we are launching’s token allocations.

This means we will be able to allow more investor to participate in our IDOs and get much better allocations.

Q9 from Telegram user @elizabeth:

A launchpad is only as good as the projects that launch on the platform.
Can you give us any information on if you have any projects ready to launch and secondly how you are going to go about finding projects to choose Genesis Pool?

Patrick Anthony: Great question. We have secured 4 projects all of which will be annouced by the 23rd of August.

1. A community focused DEX;
2. A network ecosystem that will be tokenising the property market;
3. A L2 Privacy coin;
4. My personal favourite. A world first Smart Contract platform that is going to change the way smart contracts are viewed and used by the crypto world. They also have real world partners already. “The Amazon of Smart Contracts” Users will invest in GPool just to be a part of this project. Stay tuned;

Q10 from Telegram user @silvert0ngue:

Please tell us about the first couple of projects you mention that you have secured.

JJ Admin: Thanks for you question. Patrick has just answered a similar question. (previous question)

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram Community – https://t.me/gpoolofficial
Medium – https://medium.com/gpoolofficial
WebSite – https://gpool.app/
Twitter – https://twitter.com/gpoolofficial

We were delighted to welcome our guest from Peri. The AMA took place on July 31st, 2021 and our guest was @garethbowlesperi.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap, we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Gold Rocket | Satoshi Club: Hello, dear Satoshi Club community! We are pleased to announce AMA with Peri.

Gold Rocket | Satoshi Club: Today our guest is @garethbowlesperi

Gareth Bowles: Glad to see you! @GoldRocket27

Gold Rocket | Satoshi Club: How are you doing 😁

Gold Rocket | Satoshi Club: We are also honored to have you here today.😍

Andrés M. | Satoshi Club: Yes, is a pleasure to have you here Gareth.👋

Gareth Bowles: Doing very good, it’s honored to be host on Satoshi club again too!

Gold Rocket | Satoshi Club: Thanks for your kind words❤️

Gareth Bowles: We had AMA with you guys in may, 3 months passed:)

Gareth Bowles: Pleasure:)

Gold Rocket | Satoshi Club: how fast time flies 🚀

Gold Rocket | Satoshi Club: Let’s start!

Gold Rocket | Satoshi Club: Please remind us a little about yourself and the project😊

Andrés M. | Satoshi Club: That’s true, there we have the AMA recap of that incredible AMA. Let’s check it Satoshiclubbers https://esatoshi.club/peri-finance-x-satoshi-club-ama-session-07-may-2021/

Gareth Bowles: Sure! I will say ‘done’ after I finished my answer.

Gareth Bowles: First of all, I’m Gareth Bowles, and I majored in business study.

I spent most of my career on financial sector, including director of finance, currency dealer and so on.

Gareth Bowles: And PERI Finance is a cross-chain based synthetic asset issuance and derivatives decentralized exchange.

Gareth Bowles: This means PERI dApp will run on multi-chain networks like Ethereum, Polygon and Polkadot.

Gareth Bowles: Users can exchange synthetic asset, which is tokenized assets that have the same value as original assets.

Gareth Bowles: Also, derivatives means that PERI Finance will provide leverage and inverse functions to synthetic assets.

Gareth Bowles: done!

Gold Rocket | Satoshi Club: Thanks for your great intro👏

Gold Rocket | Satoshi Club: What’s new with you during these three months?

Gareth Bowles: Most of all, our staking dApp officially opened on Polygon mainnet!

Gareth Bowles: https://staking.peri.finance/

Andrés M. | Satoshi Club: Let’s remember, what is the essence of PERI and which problems do you want to solve?

Gold Rocket | Satoshi Club: Wow! Congratulations!🔥

Gold Rocket | Satoshi Club: this is a big milestone👏

Gareth Bowles: Thanks Andres! We aimed to solve current issues on Ethereum Network like high gas-fee, low speed transactions with PERI Finance dApp first. So this is the reason that we chose dApp network for Polygon.

Gold Rocket | Satoshi Club: It really makes sense

Gareth Bowles: Indeed, but it’s just the beginning of us:)

Andrés M. | Satoshi Club: Great targets, is really needed to increase the adoption

Gold Rocket | Satoshi Club: And we are at the beginning of the first part and I’m sure you can’t wait to move on to questions from the community.😁

Gareth Bowles: Sure we can, Let’s move it now!

Q1 from Telegram User @orlemys

I read an article that said you would launch on BSC Mainnet with a 1025% APY on staking. As a new investor, I’d like to know what are the specifics of staking with Peri. What are the requirements, what is the coin or token I should stake in, in what token do I get my rewards, is there any punishment for staking and unstaking constantly? Also, is that APY the standard or is there a minimum APY? How risky is it?

Gareth Bowles: As for new stakeholders on PERI Finance, we have released detailed guide by laymen’s term, I will give you links below:

Gareth Bowles: https://medium.com/perifinance/peri-finance-dapp-guide-on-matic-polygon-mainnet-31cce0a61a71

https://medium.com/perifinance/polygon-matic-bridge-guide-on-peri-finance-e8c7e6570056

https://medium.com/perifinance/how-to-stake-peri-token-a-video-guide-with-claim-details-21d1b12b6e06

https://medium.com/perifinance/peri-finance-withdraw-guide-on-listed-exchanges-4a0013f547c2

https://medium.com/perifinance/peri-finance-dapp-details-about-peri-staking-93a61ea0e89c

https://medium.com/perifinance/un-staking-guide-peri-finance-dapp-969049899ebb

https://medium.com/perifinance/polygon-bridge-peri-transfer-guide-to-ethereum-mainnet-a71c9b72373c

Gold Rocket | Satoshi Club: Thanks for sharing

Gold Rocket | Satoshi Club: such guides make life easier for the user👍

Gareth Bowles: For simple process explanation,

users should

buy PERI on listed exchanges → transfer tokens by Polygon bridge → staking on PERI dApp.

Gareth Bowles: We don’t give any penalities for staking-unstaking.And also for the APY, it’s up to daily TVL(total value locked) on PERI dApp, users can check daily TVL on dApp.

Gold Rocket | Satoshi Club: It is easy enough to do it. Please remind me on which exchanges we can buy PERI?

Andrés M. | Satoshi Club: Where is listed right now?

Gold Rocket | Satoshi Club: Btw great APY

Gareth Bowles: Sure thing!

We have listed on Gateio, MEXC, and XT for CEX.

And users can swap PERI through ETH on UniSwap.

Gareth Bowles: Thanks Gold:)

Gareth Bowles: Also, we will re-open Pancakeswap to BSC users very soon.

Gareth Bowles: done!

Gold Rocket | Satoshi Club: thank you very much for the detailed answers! ready to move on to the next question?🚀

Gareth Bowles: Yes please:)

Andrés M. | Satoshi Club: A great list of big exchanges 👏

Q2 from Telegram User

@JaviSuBs

 PERI Finance offers users a low gas rate and achieving transactions is faster as achieving these objectives if more than 1000 users are doing a transaction at the same time that PERI Finance offers responsiveness and security at the time of a transaction. ??

Gareth Bowles: Good question. As I mentioned in the beginning, PERI Staking dApp is live on Polygon. They offers large amounts of transactions without issues, and providing services to users with low-gas fee.

Gareth Bowles: Also, we are doing numerous times of internal test, and bug-bounty program to users is still opened since this June.

Gareth Bowles: So we can say that PERI Finance is fully-prepared with transaction bottleneck issue, and users can feel safe for it:)

Gareth Bowles: done!

Andrés M. | Satoshi Club: That’s great, so there will be no problem with a congested network?

Gold Rocket | Satoshi Club: Safety first👍

Andrés M. | Satoshi Club: Btw, have you done audits? Which problem did you find on your contracts?

Gareth Bowles: Yes, we had many times of intense test of our dApp!

Also, we have done audit on Certik without any critical issues.

Gold Rocket | Satoshi Club: It is very important. Thank you very much for taking security so seriously.

Gareth Bowles: That report was not 100% resolved(91% actually)

But that issues were about styling code, not for serious malfunctions on dApp.

Gareth Bowles: Sure it is!

Gareth Bowles: Safe first as you said👍

Andrés M. | Satoshi Club: Thank you so much for your great answer.

Gareth Bowles: Pleasure:)

Andrés M. | Satoshi Club: Time to proceed with the 3rd question🥳

Gareth Bowles: Ready!

Q3 from Telegram User @konditer_rolex

How did it happen that a hacker was able to steal 61000 Peri from ChainSwap? How did you manage to block the address of a hacker who managed to withdraw tokens? Share your experience of fighting hackers and how do you think it is realistic to protect yourself from hackers by 100%

Gareth Bowles: Right, the previous ChainSwap hacking issue was also the serious thing to us too.

As we’ve noticed that problem, we bought all of amounts of PERI that hackers dump on exchange to protect users’ assets.

Gareth Bowles: And we blocked hacker’s wallet to prevent additional transaction.

Therefore, we have successfully preserved all of users’ PERI assets.

Gareth Bowles: Here’s Etherscan history:

Gareth Bowles:https://etherscan.io/address/0x65e393bb8c9f5e6ee4238c3b8863506f76789880#events

Gareth Bowles: And this is detailed announcement about Chanswap hack:

Gareth Bowles: https://medium.com/perifinance/important-notice-2-chainswap-hack-a16d2b6a6940

Gareth Bowles: done!

Andrés M. | Satoshi Club: We are happy to know that everything is ok right now, great job facing the problem ASAP👏

Gold Rocket | Satoshi Club: How did you manage to block the hacker’s address? it was not easy it seems to me

Gareth Bowles: Yes, by finding transaction changes on our smart contract, we have found the hacker’s wallet. And our dev team freezed that account very quick.

Gold Rocket | Satoshi Club: Great job guys

Gareth Bowles: Thanks! Our dev team worked very well.

Gold Rocket | Satoshi Club: Thanks for your honest answers..

Gold Rocket | Satoshi Club: Ready to proceed to the next question?

Gareth Bowles: Sure!

Q4 from Telegram User @Brainchest

PERI Liquidity Pool depends on the amount of PERI in the stacking.

PERI Max Supply: 20,000,000

So the liquidity is limited to this amount.

Question: What if you are very popular and trade large amounts? How will you be able to ensure minimum spreads and the ability to execute contracts?

Gareth Bowles: We know that many of users struggling to participate Polygon’s staking dApp, so we are going to provide staking dApp on multi-chain network.

Gareth Bowles: This will start on BSC within 2 week, and ETH Mainnet later.

Gareth Bowles: We expect that this will let users to join staking dApp more, and this will give more abundant Liquidity pool.

Gareth Bowles: done!

Gold Rocket | Satoshi Club: it really helps to empower

Gareth Bowles: Oh, question was about large amounts, and I think dApp on multi-chain will be also for this answer.

Andrés M. | Satoshi Club Great answer Gareth, ready for the next one?😃

Gareth Bowles: Yeap:)

Q5 from Telegram User @andrey_seleznov

Hi PERI!

As we see NFTs and related projects are on the peak of the hype lately and will be very popular in the foreseeable future. I see that Peri is no stranger to NFTs either and introducing Pynths’ NFTs – linked synthetic assets that promise to be a game changer for the massive NFTs market. Peri plans to show its uniqueness in the Pynths’ NFT ecosystem and greatly reward and monetize artists and investors. Please elaborate about the Pynths’ NFT ecosystem, how does it benefit both artists and investors at the same time? What are the unique features that only Peri provides in the rapidly evolving NFT space?

Thank you!

Gareth Bowles: I think most of Satoshi users know that NFT market is a talk of the town in blockchain world. PERI Finance will launch NFT fractional assets service to liquidate NFT easier.

Gareth Bowles: This is also a kind of synthetic assets, and users are free to trade on crypto exchanges.

Gareth Bowles: done!

Andrés M. | Satoshi Club: The NFTs will have usecases or will be only collectibles?

Gareth Bowles: Well, with additional explain, by users make NFT fractional assets, they can encash some amounts of NFT and making additional staking.

So we can say that this would be an additional usecases for NFT.

Gold Rocket | Satoshi Club: Thanks for your answers 😃

Gold Rocket | Satoshi Club: Ready to proceed to the last question of this part?😊

Gareth Bowles: Yes please:)

Andrés M. | Satoshi Club: Perfect, we will be waiting for the launching👏

Q6 from Telegram User @yellowchamp

PERI tokens are used for governance. You have created a PIP system (PERI Improvement Proposals) to hear community opinions. So,can you explain more about this system? How can anyone of your community contribute to PIP system? How does proposal being submitted by the community and how it will being sort out and evaluated by your team? What are the advantages and benefits that PIP system will bring to Peri network and to the community? For those community that will be part of PIP system,can they get any community incentives or benefits from Peri Global? Thank you

Gareth Bowles: PERI PIP is a name of PERI ecosystem governance. Users can suggest their question with 1PERI, and question approval is decided by user’s staked PERI amount.

Gareth Bowles: So I can say that this would be a kind of ‘council’ on PERI Finance ecosystem.

Gareth Bowles: And this system will open on December of this year.

Gareth Bowles: done!

Andrés M. | Satoshi Club: Wow, a lot of amazing events are coming for Peri, please share your roadmap with us to check it in detail😁

Gold Rocket | Satoshi Club: we are ready to wait until December if you promise to share with us 😁

Andrés M. | Satoshi Club: Then, we will need another AMA on December to know more 😁

Gareth Bowles: Sure! Here’s roadmap of PERI Finance on 2021:

– Technological Implementation from Various Projects (August)

Chainlink Price Feeds, Polygon Network, MakerDAO’s DAI Stablecoin etc.

– Launch PERI Decentralized Exchange Service (September)

Create and Trade diversified Pynths from PERI DEX

Other Crypto tokens, Forex, Commodities, etc.

– Launch PERI NFT Decentralized Exchange Service (October)

Generate NFT Fractional Assets by staking NFT on PERI Vault

– Launch Pynths Perpetual Futures Service (November)

Add leverage to Pynths up to 20X

– Launch PERI DAO(Decentralized Governance of PERI Finance) (December)

Users can decide PERI Ecosystem agenda by voting with PERI token

Gareth Bowles: Glad to:)

Andrés M. | Satoshi Club: Will be awesome🥳

Gold Rocket | Satoshi Club: Thanks for sharing

Gareth Bowles: Pleasure:)

Gold Rocket | Satoshi Club: And thanks for your great answers 😃

Andrés M. | Satoshi Club: Thanks for share it Gareth, and thanks for this fantastic first part of the AMA, your answers were clear and detailed to our community👏, great job

Gold Rocket | Satoshi Club: Now get ready for the most impressive part of our AMA – the live questions!🚀

Gareth Bowles: You’re welcome, questions about PERI are always open on our telegram:)

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Smartling

From you roadmap, it says you will Launch Pynths Perpetual Futures Service in November. Can you tell us more about this?

Gareth Bowles:

A1. PERI will give users to users Perpetual Futures Service.

This can make users to invest various synthetic assets on short/long position with up to 20x leverage.

Q2 from Telegram User @rinnguyen

High gas fee & slow network are the main issue with platform, How does Peri solves this problem?

Gareth Bowles:

The main reason for using Polygon is low gas-fee, swift transaction.

PERI Finance recognizes that transfering their asset from ETH to Polygon is still complex, so we keep making guides on official medium blog. Please check!

Q3 from Telegram User @satishgmr

Can You explain more about “Synthetic assets” in simpler terms

Gareth Bowles:

Sure, ‘Synthetic Assets’ indicates a token that has the same values with another asset.

For example, pUSD which is basic synthetic assets of PERI Finance, values same 1USD in real currency.

And for stocks, like if we make pTSLA for synthetic asset, this price goes same with real Tesla stock.

Q4 from Telegram User @Brainches

I apologize for the misunderstanding, but I want to ask again. Total Supply of PERI is 20,000,000 This means that changing the price of PERI token will affect the liquidity of the pool, because PERI Liquidity Pool is created by staking PERI and minting Pynth called pUSD.And when the price of PERI will decrease, and competitors can influence the price specifically by selling PERI on exchanges, the value of the pool will decrease.How can you protect the liquidity pool and make it deep enough?

Gareth Bowles:

I think this problem is occured by PERI price drops.

We are keep achiving our milestone, doing numerous marketing program, and improving our dApp steadily.

Surely we can’t control the price, but I think this will make PERI price go up.

So this is the reason that we’re compensating for user’s continuous support of PERI Finance by participating staking program.

Q5 from Telegram User @Rajkumari8

English is a popular language … How does your project plan to spread awareness of its project in different countries where English is not good? Does your GREAT PROJECT have a local community for them to better understand #peri project?

Gareth Bowles:

Yes we have. We’re currently managing China and Korean local PERI community.

https://t.me/peri_korea

https://mp.weixin.qq.com/s/e2Q6pChnNjazgsQvlqy6dQ

Q6 from Telegram User @surendra040

61000 Peri have been hacked . What are the impacts in toknenomics and token supply of project ? has there been any changes? What have been done till now of hacker wallet address

Gareth Bowles:

As I mentioned previous question, the hacker’s wallet is successfully blocked, and tokenbomics/token supply is not changed by this issue. Users also able to check details on our smart contract history and medium announcements.

Q7 from Telegram User @Pokerlight

Is it possible to buy PERI without having to go through the KYC process?

Gareth Bowles:

If you want to buy without KYC, we recommend swap on UniSwap.

Pancakeswap for BNB holders will open soon, so stay tuned for upcoming news:)

Q8 from Telegram User @hansoyeon

What makes PERI Finance unique and different from other projects?

Gareth Bowles: So many things we have!

We will launch dApp on multi-chain, provide synthetic assets DEX with NFT fractional assets, leverages, having lots of major tech integrations like Chainlink, Polygon, DAI and more soon…

Users can join these services by staking dApp, so we highly recommend users to stake PERI before other dApps will open, and claim reward!

Q9 from Telegram User @sophiejohnson1

Burning tokens makes tokens rare. Does PERI Finance burn tokens to stabilize the reward and create a limited supply with high demand?

Gareth Bowles:

As you see on the tokenomics, total supply of PERI token is relatively low than other crypto projects.

So we don’t have any plan about burning PERI now.

Q10 from Telegram User @nguyenben

PERI holders staking PERI and minting Pynth called pUSD, what will pUSD be used for?

Gareth Bowles:

pUSD will be used for buying various synthetic assets in PERI Exchange.

We called ‘Pynths’ as PERI synthetic assets.

So pUSD will be the basic token of PERI dApp. And users can mint pUSD by staking their amount on our dApp.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Peri. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru

Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners:

Peri Website – pynths.com
Peri Telegram – @peri_global

We are pleased to announce our next AMA on August 2nd 2021 at 01:00 PM UTC Time: Satoshi Club x Flurry

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Flurry 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. Flurry Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Flurry

For more details:
Flurry Website – flurry.finance
Flurry Telegram – @FlurryFinance_Official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Gamestarter, an NFT-based crowdfunding platform & marketplace that adds liquidity, player-ownership, and new funding resources to the largest entertainment industry in the world. The AMA took place on July 29 and our guest was Sylvia Savi (Marketing Lead).

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

---

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Sylvia | Gamestarter: Hi everyone. Pleasure to be here!

Mary | Satoshi Club: Hello, Sylvia how’s going?

Sylvia | Gamestarter: It’s going really great; we’re excited about the upcoming launch. How are you doing, Mary?

Mary | Satoshi Club: I am fine, excited to hear more about Gamestarter today. Sylvia, could you please introduce yourself and tell us more about Gamestarter.

Sylvia | Gamestarter: I’ll start by telling a little bit about me. I’m Sylvia Savi and I’ve been a marketer for around ten years now. I’ve been working with startups mostly, although I’ve started my career at IBM. I also have my own digital agency. We do marketing, design & branding. However, at the moment, I’m fully focused on Gamestarter.

In late 2017 I joined a crypto VC, as their marketing lead. I was taking care of all the investment projects in terms of marketing. Although I was fascinated by crypto before, that was when I really learned the ins and outs and fell in love with the crypto community!

The rest of Gamestarter’s team come from a game development background. They also have experience in SAAS. We’re based in Northern Europe and the UK. Because of the game dev background, our team understands the pain points of indie game developers and the value we can create for players. NFTs open unlimited possibilities, you can now play your favorite game and earn money! That being said, our team values their reputation, so this is definitely not a pump and dump project. We put a lot of heart into it and I hope it shows.  You can find out more about our team here: https://www.gamestarter.co/team

AndresM. | Satoshi Club: What is SAAS?

Sylvia | Gamestarter: What makes Gamestarter special? We are building a platform, similarly to Dao Maker, but focused only on GAME projects only. We are tapping into a huge market of game funding and crypto, not to mention the largest entertainment industry in the world. Gamestarter’s economy will be supported by many games, instead of just one. So the NFT tokens will be highly liquid and the $GAME token will have a strong use case. We have also introduced Gamestarter Fund and going to introduce Gamestarter Launchpad in the near future. So this is just the beginning!

Oh, it’s a term that means Software-as-a-service.

Mary | Satoshi Club: How old is Gamestarter project? Did you join thus direction on the wave of hype or developed it for a long time?

Sylvia | Gamestarter: We started Gamestarter at the beginning of this year, as a solution for integrating NFTs with Unity 3d and Unreal Engine. And then it evolved into a crowdfunding platform for indies. And now we have expanded our vision even more, by introducing a complete ecosystem with GS Fund & Accelerator, GS Originals and GS Launchpad.

Mary | Satoshi Club: Could you clarify more about Gamestarter Fund? How it will work?

Sylvia | Gamestarter: It’s a Fund & Accelerator built to fully finance the best teams and games. It’s also a valuable addition to the GS (Gamestarter) ecosystem, which will increase the value and use case of our token, $GAME.

AndresM. | Satoshi Club: Gaming projects are trending topic right now.

Sylvia | Gamestarter: Yeah, they started trending especially intensely this summer, so we’re on to something.

AndresM. | Satoshi Club: So how did you choose the name of the project?

Sylvia | Gamestarter: We actually started out with the name of ‘Start NFT’, which was a cool name as well. But our advisor from Dao Maker, encouraged us to rebrand as Gamestarter. We think it was 100% the right move.

And the name itself is kind of a nod to Kickstarter, the most famous crowdfunding platform in the world. We, of course, aim to be number 1 in terms of game funding, surpassing Kickstarter for sure.

Q1 from Telegram User @ysasoma

I read that the NFT market is driven by Gamestarter’s “GAME” currency, does this mean that every transaction must be done through this token, could you tell us a little bit about the economy that moves around the NFTs and the GAME token, also inform us about, what other utilities and benefits would offer to be a GAME holder, in which markets can we do transactions with this token, how many ways can we generate more of these, what characteristics make it a profitable token and with a good liquidity?

Sylvia | Gamestarter: Ok, that’s a lot of questions in one sentence! I’ll try to cover it all.

I’ll leave this infographic to illustrate.

Every transaction on the platform will be done using $GAME. We also consider adding $GAME stablecoin as well.

$GAME holder benefits:

• 🔥Premium access to the hottest NFTs
• 🤩Little to no asset trading fees
• 🚀Growing coin value supported by MANY games

Mary | Satoshi Club: Will you have any kind of governance on your platform?

Sylvia | Gamestarter: $GAME tokens will be used to:

• ⚡️buy and sell playable NFTs during the crowdfunding stage and in the marketplace
• 🏆pay out community rewards & creator’s revenue.

Mary | Satoshi Club: I am asking in the meaning if your token will have governance function.

Sylvia | Gamestarter: We will involve our community in the process of choosing the best game projects as well as in every step of Gamestarter Originals. We’re open to the idea of implementing it in the future.

AndresM. | Satoshi Club: Could you share some of those NFTs with us?

Sylvia | Gamestarter:  You’ll have to wait until the platform is live! Early access date will be announced next week, and fully working platform will be available in autumn.

So coming up very soon.

AndresM. | Satoshi Club: So excited for it, don’t forget to share with our community the big announcement.

Sylvia | Gamestarter:  We actually will have a Platform Launch Party on Coinmarketcap next week.

Where we will giveaway 250 000 $GAME tokens to early platform users.

So they will be able to spend it on NFTs.

AndresM. | Satoshi Club: Great opportunity Satoshiclubbers, don’t forget about it.

Q2 from Telegram User @jodasf

In your roadmap you mention that you will be incorporating the Gamestarter API – for direct integration of the GAME Coin economy into the game (Unity 3D and unreal engine plugins). Could you explain a bit more about this incorporation, how it will benefit the Gamestarter economy system, what you are looking to improve with this and of course, how it will benefit the users?

Sylvia | Gamestarter: I’ll start by answering how it will benefit the users.

Game developers will be saved of hours and hours’ worth of coding. So we will provide them all the tools to mint NFTs and easily connect them to their game and our marketplace. So we take away all barriers to entry to non-crypto devs.

Our platform users will enjoy a wider selection of games, because of the easy NFT adoption tech provided to the devs.

Mary | Satoshi Club: When developers will be able to enjoy your platform services?

Sylvia | Gamestarter: So the APIs are absolutely vital for Gamestarter to work well.

The API is scheduled to be released in mid-September, and our talented devs are perfecting it as we speak.

Mary | Satoshi Club: Not soon to wait! Do you already have some projects ready to use it?

Sylvia | Gamestarter: Of course! we announce all our game listing on our social media. Currently we have announced partnerships with the following games: MARS4, DinoX, DeRace, Faraland, Sovi Finance. And we have about 20 games that are waiting to be announced, and onboarding more and more every week!

AndresM. | Satoshi Club: Perfect, btw what else is coming in your roadmap? Could you share it with us?

Sylvia | Gamestarter:

AndresM. | Satoshi Club: Wow Game coin wallet, iOS and Android supported?

Sylvia | Gamestarter: Basically, we will continue to expand, perfect and market Gamestarter platform. We will go fully mobile in 2022, introducing Gamestarter app and expanding on mobile-based games featuring NFTs. As well as our own original games.

Q3 from Telegram User @antoni_azx

Gamestarter is a platform powered by ETH based GAME coin token. So this brings us to the main problem of similar platforms and that is that many times the cost of gas for transactions and buying / selling of items are sometimes higher than the same item, which can be ridiculous. Can you tell us how GameStarter will do to scale the project and reduce the impact of the cost of gas?

Sylvia | Gamestarter: Well actually, there will be no transaction fees on the platform for $GAME holders. Only for those who will want to pay with FIAT or other cryptocurrencies.

Mary | Satoshi Club: But anyway users will need to pay for gas?

Sylvia | Gamestarter: Inside Gamestarter platform – no. Outside the Gamestarter platform default gas fees will be applied.

AndresM. | Satoshi Club: Which payment methods will you accept into the platform?

Mary | Satoshi Club: Have you thought about l2 solutions? Also what about another blockchains integration?

Sylvia | Gamestarter: Most stable coins. And fiat payments (credit card, bank transfer) coming next year.

We will use Polygon for NFT minting, also we are researching on other useful solutions.

Q4 from Telegram User @Highpee

You closed your private round in June after you raised over $2 million in a fundraise that was let by DAO Maker. How many tokens were sold and how has this been able to help the development of your project so far? In addition to this, you announced that you will launch on August 2nd through a public sale that will be done using DAO Maker Strong Holders Offering (SHO). Usually, DAO SHO requires presale participants to lock a minimum 500 $DAO (about $950) in order to stand a chance to win public sale allocation spot. This looks like a “strong” requirement. Why did you prefer to launch on DAO Maker or was this decision influenced by the fact that DAO Maker contributed a large chunk and led your private round? How will you ensure your tokens will be fairly sold to various categories of investors?

Sylvia | Gamestarter: How many tokens were sold and how has this been able to help the development of your project so far?

We’ve sold 25% of tokens, 25,000,000 $GAME. We were able to expand our team, hire more talented developers and fire up our marketing!

Mary | Satoshi Club: Will your private round tokens have vesting period? How different are private and public round prices?

Sylvia | Gamestarter: Why did you prefer to launch on DAO Maker or was this decision influenced by the fact that DAO Maker contributed a large chunk and led your private round? How will you ensure your tokens will be fairly sold to various categories of investors?

We decided to launch on DAO Maker only because, in our opinion, they’re the best Launchpad at the moment. They offer unparalleled marketing support, as well as great community. Also their ROI is the best on the market. We actually had a massively oversubscribed funding round, and had to say no to amazing VCs in order to have DAO on board.

We will list $GAME in both centralized and decentralized exchanges right after SHO, so investors of all kinds will be able to get on board.

Yes, both private and public rounds actually have the exact same terms in terms of vesting and token price.

$GAME price $0.08. 20% on TGE; followed by 16% on months: 4, 7, 10, 13, 16.

Mary | Satoshi Club: I should tell you made a good choice.

Thank you for your answers! We will wait for your public sale hope some of us will be lucky to buy.

Ready to jump to the next question?

Sylvia | Gamestarter: You can also join the community round to win $100 worth of allocation.

Q5 from Telegram User @Arisabela

Gamestarter mainly supports the fundraising of indie games. Which is interesting since there are many platforms that offer liquid NFTs but none have a particular interest in indie games. Can you tell us why you have focused so much on providing liquidity and funding resources to these types of games? Who are the main players in this type of game and what are the current market conditions that makes it so interesting?

Sylvia | Gamestarter: Games are a massive informal digital economy.  Games are the holy grail of traditional crowdfunding. Games are also perhaps the ONLY sustainable implementation of NFTs.

• Game items are massive economies.
• Game items are often non-fungible digital items with a utility: skins for showing off or celebrating, weapons for combat, resources for creation, etc.
• Game items are heavily adopted among the global game economy, a $160 billion business that grows by 10% or more every year.

Game items have sold for hundreds of thousands of dollars. Game items generate tens of millions in fundraise through traditional crowdfunding.

• -Game items are an incredible popular way of fundraising.
• -Gamers participate because (a) they like games and (b) they know rare game items can be worth considerable amounts.

Game items are a form of investment. They are an entire asset class that is far bigger than all current NFT marketplaces put together.

Game item traditional crowdfunding is massive even though it has all the same problems:

• Illiquid: most players do not know when they can trade their items
• Risky: as some indie games may not deliver, there is no opportunity for gamers to cut risk early on to more risk-taking buyers, even at discounted selling prices
• Limited: highly regulated platforms are the only places game items are funded.

AndresM. | Satoshi Club: What about security? Can you assure that user funds are safe? Have you done audits?

Sylvia | Gamestarter: Our developers are very familiar with all possible security issues. We will use industry’s best practices to prevent possible threats.

Our contract is being audited right now, and all the documentation will be published next week. It’s being audited by https://hacken.io/

Q6 from Telegram User @Zohaya

Your platform’s primary goal is to connect game developers with funding sources. Can you now tell us how these game developers will submit their proposal game and what Game Starter criteria will be used to choose indie games to assist? And what advantages do they stand to gain? Just so anyone interested in submitting a game knows what kind of games you prefer.

Sylvia | Gamestarter: It’s very easy for game developers to get on Gamestarter, the integration is seamless.

All you need is a set amount you are looking forward to raising, and a list of NFT assets you are going to sell. At this point we will help each developer to find the best fit in order to raise their set amount of funds.

Also we will take care of the technical aspect of the NFT generation process and an API for Unreal Engine and Unity 3d. So game creators will not have to do ANY extra work.

Regarding the fees, there will be no fees for the first 100 game listings! And after that, the fundraising fees will be up to 2% – so very small compared to Kickstarter.

Regarding the reviewing process, our team will screen each game, talk to the team etc. We’re looking for interesting, quality games that would capture the attention of the gaming community. We’re open to different options, so nothing to lose in submitting your game!

AndresM. | Satoshi Club: Do you have some games in plans? Could you mention the names?

Sylvia | Gamestarter: We announce all our game listing on our social media. Currently we have announced partnerships with the following games: MARS4, DinoX, DeRace, Faraland, Sovi Finance. And we have about 20 games that are waiting to be announced, and onboarding more and more every week!

Unfortunately, I cannot give out the names of the games that aren’t announced yet, because of the legal side.

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.

Q1 from Telegram user @Karoceh

Many people are still skeptical about the quality of blockchain-based games, such as the plain interface and poor graphics. How does Gamestarter fulfill this section for your upcoming game?

Sylvia | Gamestarter: I agree, and that’s the thing! We will bring many non-blockchain, regular games to Gamestarter. Games that have a lot of potential, great graphics and talented teams. We will also have our in-house games, called Gamestarter Originals. The first one, Horizon, will be released in Q4, 2021.

Q2 from Telegram user @KASG95

You say Gamestarter “is going to change the way NFTs are used in the gaming industry”, but could you really explain a little about how NFT tokens actually work in current NFT games, their benefits and their disadvantages? And also, what will be the changes that Gamestarter will make?

Sylvia | Gamestarter: Gamestarter is the first platform in the word to:

– help game developers fundraise by pre-selling NFTs

– provide an easy way to non-blockchain games access the benefits of crypto

NFTs are used to represent the ownership of the game item. It’s without a doubt, the best way to own in-game items.

Q3 from Telegram user @luismi_rt

How do you see the future of play to earn and how can that impact Gamestarter?

Sylvia | Gamestarter: We see a very bright future of play-to-earn. And crypto is the perfect currency to power the games, as many developers are not tied to legal regulations in different countries. Also, it’s a great chance to turn your hobby to a paid ‘job’!

Q4 from Telegram user @feranno

Gamesstarter has made a partnership with Sovi Finance, which I like very much. What key benefits will this partnership provide for both parties and will you continue to partner with truly promising projects?

Sylvia | Gamestarter: We’re glad you like Sovi Finance! We’re very happy to have them on board. We’re actually helping them on two fronts:

– with their existing game

– with their new game project

So, some exciting news are coming soon!

Q5 from Telegram user @cindy_crypto

As I know the original name of the project was Start NFT so why did you change it? It was a cool name.

Sylvia | Gamestarter: We rebranded, because we wanted our name to reflect the industry we are focusing on – GAMES!

Q6 from Telegram user @BJosefina61

As we know, Gamestarter helps to finance indie games to launch their product, but does Gamestarter somehow have a mechanism to ensure and incentivize indie game developers to actually develop and launch the product? and prevent them from leaving with the funds of the contributing users.

Sylvia | Gamestarter: Yes, the funds will be released in batches, based on the progress made. So we will protect our community by closely monitoring the progress of the game devs! In a rare case, they’ll not hold up to their promise, we will return the funds from locked batches to our users.

Q7 from Telegram user @orlemys

Gamestarter lets indie games fundraise by selling digital game items as liquid NFTs. But only those indie games which do $250M+ equity crowdfunding every year. This is quite a harsh condition. Indie means independent, but it can also be a synonym for small, and not so well known. So, why did you decide to set such a condition? Are there any exceptions for lesser-known, smaller projects? More importantly, is this a decentralized project? Will the community be able to vote on the games that can get on the platform?

Sylvia | Gamestarter: Do you know, that as the technology moves forward, indie developers can now make games that are indistinguishable in their quality from AAA games! So all it takes is talent and hard work, and of course a reasonable amount of money. Also, all huge game studios were once indie, so well-known is a question of time. All it takes is for one game to succeed out of a hundred for $GAME token to go up in value!

The community will be able to vote, especially on Gamestarter Originals. But they will also vote with their $GAME, by deciding on which NFTs to buy.

Q8 from Telegram user @tatarrama

You mentioned in your Medium article that gamers are looking for new channels to access high-quality games. How will you let them know that you are a good option for seeking players? Which communication channels will you use to present your innovative platform to game enthusiasts?

Sylvia | Gamestarter: That’s a great question! I’m attaching our growth model; all the channels are listed here. Very soon we will release an article that will review each channel in depth, also mentioning our existing partners.

Q9 from Telegram user @HisokaM_Hunter

Lately there are many obstacles to access gaming platforms since it is required to make huge investments to start using their products in addition to rigorous user verification processes. Can you tell us what the KYC that will be required on your platform will consist of and how accessible will it be for users to make their first investment?

Sylvia | Gamestarter: KYC will only apply if you’ll purchase more than X amount. And this X amount will be defined by our legal team for each country.

KYC will not be required at all, is you will make your purchase with FIAT.

Q10 from Telegram user @Cheriemike

What is unique difference between your project Gamestarter and Kickstarter that will convince me to join your project?

Sylvia | Gamestarter: Gamestarter has much lower fees, gives access to the crypto market, feature in-house accelerator for larger financing amounts, provides marketing support to game devs, and most importantly – features NFTs!

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PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Gamestarter. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

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