Welcome to another episode of our AMA
series. Today we are glad to tell you about the AMA session with our friends
from Rich Duck, a token designed
for reestablishing a new capital structure and a new virtual world in Metaverse.
The AMA took place on August 21 and our guest
was @RichduckArmy – CMO of the project.
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
Richduck: Hello
Satoshi club, I’m very glad to be here.
D. | Satoshi Club: very
nice to have you here.
Mary | Satoshi Club: Richduck,
please introduce yourself and tell us more about Rich Duck.
Richduck: OK
Hello, Satoshi community. I’m glad to be here. I’m Emma, CMO from Richduck
team.
We started Richduck 3 months ago and the idea of RichDuck
has been in our mind for many years. Our founder team has voluntary experience
in Africa and has the same mission to help people getting rich in a crypto way.
Since all of our team members started from a humble beginning and got rich by
investing in cryptocurrency, we want to help people get out of poverty by
joining us. I entered crypto because at that time I was surprised and impressed
by the innovation of bitcoin and many crypto innovations afterward.
I decided to follow the trend of decentralization and
started my career here.
Mary | Satoshi Club: Nice
mission sure, you will tell more details about this during today’s AMA. Will it
be easy to make people rich? What difficulties do you face on your way?
Richduck: Of
course it wasn’t easy and we had a lot of problems with development, not a lot
of people knowing about us and so on, but we worked through it step by step.
D. | Satoshi Club: and
by the way, how you would describe your project? is it a meme coin or more than
that?
Richduck: $RICHDUCK
is not only to be a meme coin. It’s a deflationary token that you would earn
increasing value by more people joining the system. However, holders could
enjoy DUCKMetaverse by using $RICHDUCK.
Q1 from Telegram user
@igervacio
I read in a publish0x
article that the RichDuck token was officially launched on August 18 at 7:15 PM
UTC with an initial LP size of 600-700 BNB. In that article I saw several users
asking a common question: RichDuck has the necessary legality to take that name
from Disney? which made me seriously consider the repercussion that the project
could have due to any demand for image rights, how does the rights work author
in relation to tokens like RichDuck? your file will not face any demand for the
name?
Richduck: Yup, $RICHDUCK
has fair launch on August 18 at 7:15 PM UTC. Our duck image is not entirely
Disney. We took inspiration from that and created a different duck with a
professional design team. So we are fully compliant and there is no
authorization issue. RICHDUCK’s Scrooge is a brand new duck, Done.
D. | Satoshi Club: your
duck looks exactly like scrooge mcduck from duck tales.
Richduck: Yup, we
designed our own logo and content story. It’s a completely different story and
background.
Mary | Satoshi Club: Recently
pepe nft collection was removed from opensea market because of copyright
claims.
D. | Satoshi Club: are
you serious?
Richduck: Copyright
is very important; our lawyer will help us avoid infringement.
One of the interesting
aspect of your project is that you said you want to rebuild the world in a new
metaverse by the time you get to Stage II of your project. It is said that in
this duck metaverse, people will be able to redesign orders, rules and classes
but not everyone will be able to own land in these metaverse. Can you explain
what orders and class stands for in this metaverse world? Who are the category
of users that will be able to acquire land in your rebuilt world of Duck
metaverse? What will be the benefit of owning land and social order in these
metaverse and how can it contribute to financial freedom?
Richduck: It’s a
good question.
Yes, we plan to build the DUCKMetaverse by the time we get
to stage 2. The Metaverse will include rules and classes. orders and class in
this metaverse world means that if you hold more $RICHDUCK, you will have
higher status. The highest class will enjoy the largest dividends.
If you own land you can raise more ducks to trade, to
produce tokens. It will be very interesting. Look forward to it.
D. | Satoshi Club: when
you planning lands sale?
Richduck: Holding
$RICHDUCK around November will give you genesis land.
Q3 from Telegram user
@Asela1112
I couldn’t discover
details about Rich Duck Team members on your website. Guys, are you a team of
following anonymity? I know some projects gain more exposure & succeed even
they follow anonymity. But it leads to lack transparency within community. So
how will you surpass this situation? Will you reveal yourselves in future in
order to add more transparency within Rich Duck ecosystem? What are the
privileges, you got being as an anonymized team?
Richduck: Yes, we
are an anonymous team. Our team includes developers, investors and marketers.
We believe that in the crypto world, code is everything, and good projects
don’t necessarily require real names.
Mary | Satoshi Club: Can
we trust your code? Did someone audit it?
Richduck: We see
a lot of good Meme projects that don’t have real-name team， and
that doesn’t matter because they’re completely community-driven. $RICHDUCK is
also a community driven project, which is fairly started.
Yup Everyone Could check it. An audit is under way, Plus,
our tokens are 100% in circulation and no one can control it, Done.
Mary | Satoshi Club: Did
you already know who will audit it? Can
you tell us the name of audit firm?
Richduck: Sorry
we can’t reveal it yet. As we only have one token online and the development
work is not complete yet.
Mary | Satoshi Club: Really?
Can you tell us more about it?
Richduck: OK, let’s
check out the tokenomics: In every transaction, the platform tax 15% of the
transaction, of which, 12% for buyback and burn immediately. The deflation is
to increase token value.
1% for holder dividends. Holding is earning. 1% for
marketing to involve more Richduck members. 1% for development. As the
tokenomics shows, each Richduck holder can benefit from new people joining
(i.e. the burn mechanisms and dividends). You can predict the positive growth
of the token price by the model design. Thank you.
Mary | Satoshi Club: So,
how much wealth did you already distribute?
RichDuck has
specifically outlined three core ways to join the RichDuck army; by buying or
holding RichDuck tokens, by creating sufficient hype on social media and by
been a contributor. For a community governed project like RichDuck, these
processes are key. With specific reference to project growth and contributory
efforts of community members, how will the RichDuck DAO system, create and
enable the most basic form of influence and decision making from every single
token holder, and how does RichDuck empower and incentivize its social army for
an effective social media hype?
Richduck: Yes,
it’s an important question. We actually did a series of activities to build our
DuckArmy.
You can be an ambassador, build your own army. You can also
make memes for us to earn tokens. Holders can vote in the future to determine
the future development of the project
D. | Satoshi Club: if
you token plays a crucial role in your ecosystem, then why you burn it?
Richduck: Because
we are a meme coin. We have a total of 1,000 trillion. In order to be a
deflationary token that brings the holder up, we choose to burn.
Q5 from Telegram user
@yellowchamp
RichDuck plan to
launch a Launchpad function and NFT mining in your platform for this upcoming
4th quarter of 2021. So, can you tell us more about the Launchpad function that
you plan to launch? What is the structure of this Launchpad and how will it be
implemented in your platform? What kind of projects you are considering to be
part of your Launchpad? As we know that there were already many Launchpad
existing in the market, how would RichDuck Launchpad compete those existing?
What will be its ambitious feature? For NFT mining, what will be its mechanism?
Can you also tell us how will RichDuck implement and establish NFT mining and
what will be its perks to attract more users in your platform? Thank you.
Richduck: let’s
go. $RICHDUCK’s Launchpad will be different from others. The biggest difference
is the service for meme coin.
We found that with the growth of Meme, more and more teams
wanted to build meme projects, but many teams with good ideas did not have
enough funds and market support. Our Launchpad will live for it.
D. | Satoshi Club: so
you want to create more coins without real use cases? meme coins.
Richduck: Nope,
we don’t create other coins. We just found a niche, we helped other teams with
ideas, who knows if they could be the next $Shib?
D. | Satoshi Club: sometimes
I think we have too much meme projects on market nowadays.
Richduck: You’re
right! We will help $RICHDUCK holders choose a better meme project.
Mary | Satoshi Club: I want to see your Launchpad live.
In your roadmap there is an objective related to the improvement of the
project and a test of the website through multiple platforms, these mechanisms
are sometimes complex and it is necessary for users to have a little more
informative details, how can we improve the RICHDUCK mechanism and through
which platforms can we carry out the respective test on your website? You have
also thought about joining the dApp market. What kind of dApp do you want to
launch and how will this dApp benefit RICHDUCK monetarily?
Richduck: Yes, we have launched richduck.io, but the metaverse
product takes a long time to develop, so we haven’t offered a chance to test it
yet. You can watch us and be patient, richduck.io
Mary | Satoshi Club: Do you plan to offer your ducks some incentives for testing in the
future?
Richduck: Of course, we’re going to give a lot of motivation.
D. | Satoshi Club: for example?
Richduck: For example,
Launch
a test whitelist campaign to reward long-term supporters.
Players
who participate in the test will receive an airdrop reward.
The
holder of an opinion is given a special reward.
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
@Sourava12
What benefits I can
enjoy being a Richduck-Ambassador Can you talk about Application procedure to
be a Richduck-Ambassador?
What is the total supply
of this tokens? Can I buy your tokens right now and also which wallet support
your token? Trust and security is very important in any business. What makes
investors customer and users safe secure, when working with your project? Thank
you, sir.
Richduck: $RICHDUCK’s
total supply is 1,000 trillion. You could buy it in pancakeswap.finance
Our token address:
0x09Eab30000635F514CBAf07564CC46FF1a95933d. Our token is 100% circulating.
Q3 from Telegram user
@Zohaya
In each transaction
the platform taxes 15 %, 12 % of which are immediately used for buying and
burning, 1 % for holding dividends, 1 % for marketing with more Richduck
members and 1 percent for team development. Is this not a very high fee and
will it not lead to a very high fee for your project? Why was your project
starting at 15 percent? Is this number decreasing in the future?
Richduck: We
chose 15% tax because it helps our token deflate better. Of that, 12% is used
for buyback and burn immediately. This will allow the token to rise better. Holders
can see significant token appreciation.
Reading from today AMA
with Rich Duck project, I have question about your token sale, any info about
how to join Presale or Public Sale? What are the requirement to join to buy
your token?
Richduck: Thank you,
there are no presale and public sale. You could buy $RICHDUCK by Pancakeswap. Token
address: 0x09Eab30000635F514CBAf07564CC46FF1a95933d (15% slippage)
Q5 from Telegram user
@Asela1112
Your First mission is
reaching 10,000 $RICHDUCK holders. Currently you have 588 $RICHDUCK holders
within a short time period. So what are the strategic methods will you deploy
to reach the balance holders? After reaching 10,000 holders will you stop the
marketing about $RICHDUCK? I mean, will you abandon the $RICHDUCK token?
Richduck: We have
done a lot of activities to realize this vision. For example, the Ambassador
program, the Meme contest, comment Elon.
We will not stop marketing plans. We’re constantly working
with other community and projects to make it be true.
Q6 from Telegram user
@Gemshunter22
For a new investors
attraction to your platform Does your project has planned for a buyback and
burn of tokens to increase attraction of your project?
Richduck: Of course,
12% of tax will be used for, buyback and burn immediately.
Q7 from Telegram user
@mucana
What is the main role
of the $RICHDUCK token? What are its real life uses? Where can I get your Token
now? Will I benefit in the long run?
Richduck: The
main role of $RICHDUCK is buyback and destruction mechanism. You could buy
$RICHDUCK on PancakeSwap. You can check out our price movements it’s
very nice. Long-term holders will get richer.
Q8 from Telegram user
@Lovely_DC_67
Q) What are the rules
and regulations in your group? Can you share it here?
Richduck: No
rules and regulations. The holders control everything.
Q9 from Telegram user
@tigertiger201
What is your vision
behind your project?
If the tokens dump
after launch what will you do?
Richduck: Our
token’s price is very nice, if our price goes down we’ll buy back more tokens. Our
vision is to be Meme Metaverse.
Q10 from Telegram
user @bablu288
Q) What kind of
celebrities do you wish to contact? By joining with you, what type of
advantages or privileges do celebrities receive?
Richduck: An
audit is under way.
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi
Club Team asked the chat 4 questions about Rich Duck A link to a
Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$
were distributed between the winners.
For more information and future AMAs, join our Social Media
channels:
Welcome to another episode of our AMA
series. Today we are glad to tell you about the AMA session with our friends
from Alchemy Pay, the pioneer of
the world’s first hybrid crypto and fiat payment solution. The AMA took place on August 20 and our guests
was John Tan, CEO of the project.
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
Mary | Satoshi Club: Hello
Satoshi Club! We are happy to announce our AMA session with Alchemy Pay!
Welcome to Satoshi Club.
John Tan: hello
@madamlobster thanks for having me. happy to be here to share with everyone
what Alchemy Pay is all about.
Gold Rocket | Satoshi
Club: Introduce yourself please. How did you get to be involved in crypto
& Alchemy Pay? Tell us please about your position in Alchemy Pay?
John Tan: I’m the CEO of Alchemy Pay and have been with the project
since the early days – start of 2019. Then, our products have not even been
launched and crypto payments is still in its nascent stages where there are few
actual use cases.
I came from a background of
consulting across the technological and finance sectors, and not too long ago,
I was a business development manager for a humble startup that pioneered mobile
car grooming here in Singapore. I always thought that my client-facing roles and
startup experiences instilled in me the importance of focusing on creating
value for our end users.
Gold Rocket | Satoshi Club: What is the essence of Alchemy Pay?
John Tan: The focus on creating value led to voluntarily put myself
into various departments, from products/operations/risk management/ compliance
to ensure we can deliver a world-class product to our end users which are
mostly businesses, developers and enterprises with huge merchant networks such
as Shopify.
A short and succinct reply could
be our mission – to bridge the gap between crypto and fiat economies. Alchemy
acts as the bridge between the gap of crypto and fiat to drive
crypto/blockchain usage. Be it in payments, investment or other sectors. our
well-established hybrid crypto and fiat infrastructure empowers us to be that
bridge.
Mary | Satoshi Club: So, you started to develop Alchemy Pay in
2019, can you tell us what are the most difficult obstacles you have overcome
on the way to today?
John Tan: The constant challenge would definitely be regulatory
environments. Crypto regulations have remained fairly grey in most markets and
poorly defined. Fortunately, our founders have decades of experience in the
payment industries and understand the kind of KYC/AML processes we need to
collect from businesses we deal with in order to stay compliant. Additionally,
we are well connected in this space – this allows us to either partner with
someone with a license to operate, or acquire a license ourselves in a much
shorter time.
Gold Rocket | Satoshi Club: Also we would like to know more about
your team. Who is on the project team core?
John Tan: I’d share perhaps just a few examples since there are too
many to list, but effectively, the senior leadership team members either come
with a stellar background in the payment space or fast-evolving internet
products. Our chairwoman, Molly Zheng, who was our last CEO has over 20 years
of payment experience from PayPal, MasterCard and QFPay.
Our co-founder Shawn Shi, was the
youngest ever VP from ZhongAn – which is one of the fastest growing insurance
companies. They are acting as my strategic consultant and provide me with the
networking we need to secure partnerships with industry giants like QFPay,
Shopify, Binance, Huobi and more.
Q1 from Telegram User @andrey_seleznov
Hi Alchemy!
I’d like to learn more about your payment gateway and how it deals with
price volatility that is an integral part of the crypto space. Crypto assets
are volatile, some more some less but we are all too familiar with sudden pumps
and dumps that can occur on the market in a matter of minutes. How do you solve
this problem if conversion rate cannot be maintained during transaction
processing time? Do you warn users beforehand and require acceptance that the
price is not guaranteed? Or do you have your own pool that dampens the
volatility and allows for a safe transaction completion at an agreed upon
price? Or do you stop and fail transactions that encounter high price
fluctuations and fall outside of the expected price range?
John Tan: This is an excellent question. This doesn’t just concern
risk management (mitigating volatility) but more importantly, user experience.
If we have to wait for at least 1
block confirmation for a Bitcoin transaction, it will take at least 10minutes
for the transaction to be approved. Poor experience for both merchants and
payers = poor use case = low adoption.
Mary | Satoshi Club: So, you are telling that you have excellent
speed?
John Tan: This requires us to be creative such as:
– work 2nd-layer solutions into
our system, such as accepting Bitcoin over the lightning network
– selecting only strategic tokens
to be accepted that has lower block times
– conducting direct integrations
with wallets (i.e. Binance Pay) for instant transactions and zero gas fees
– preparing a pool of operating
capital assets on exchanges to ensure the real-time liquidation. for example,
0.1ETH is received, instead of sending this 0.1ETH to exchanges to sell into
USDT. We prepare ETH in advance on exchanges which is sold automatically via
API integrations.
There are many more of such
strategies but effectively, we need to place emphasis on user experience,
otherwise, no merchants will want to accept crypto and no payers would consider
paying with crypto.
Q2 from Telegram user @Karry1999
As
Payment is one of the popular application areas of the blockchain, and many
innovative projects have emerged. Can you give a brief comparison of Alchemy
and Existing Blockchain Payment Platforms simple words?
How Alchemy meets the needs of large-scale commercial application and
what are the payments and settlement modes of. Alchemy platform? Can you also
talk about the product features of the platform?
John Tan: We’d like to focus on strategies as our main
differentiators. Alchemy Pay focuses on the following: 1. Adding value to our
merchants (why should they use our solution) – our hybrid model enables
merchants to accept both fiat and crypto. This is important as merchants have
reservation in just accepting crypto especially at this early stage of crypto
industry. Many partners choose our solution because they can accept both fiat
and crypto, and no matter the payment method – they receive their local fiat
current in their bank account directly. This is made possible by establishing
partnerships with exchanges, OTCs and global remittance companies.
2. Scaling fast (more merchants
accepting our solution) – Alchemy has a top-down approach, meaning we work with
only the best and largest industries no matter on the merchant side (QFPay/Shopify
etc.) that gives us access to millions of merchants per integration, or the
consumer side (e.g. Partnership with Binance with 60+M users, as well as other
partnerships that we will announce in the near future). This ensures real world
use cases are established quickly and reliably.
3. Low cost to use our service –
Be it via an API, SDK, Plugin, merchant mobile app, businesses can easily
access our service from anywhere around the world. If they want to use our
payment system, they can do so by downloading the merchant app after conducting
KYC with us. No need to purchase any devices. To give an idea, our handling
fees are typically between 1-1.5% compared to 2%-3.8% for credit cards. We also
pay out to merchants in T+1 to 3 while cards are T+7-14 to mitigate any cash
flow problems to merchants.
Q3 from Telegram user @Jmagsss
I am very interested on one of
Alchemy Pay’s feature which is the “Asset Certification and Token Issuance”,
where Alchemy intends to provide certification agencies and token issuers
assurance by helping the asset owners tokenize their assets, thus, improving
both liquidity and tradability amongst buyers and sellers. My question is, does
this feature works on both liquid and illiquid assets like commodities, stocks,
cars, real estate and housing? Also, how would Alchemy pay verify and check if
an asset owner really does have the certain asset that he/she wants to
tokenize? Can you explain the algorithm for this feature?
John Tan: This is a VERY interesting subject – which explains why
2019 and 2020 STOs and security tokens have been hot topics. But regulations
have been show stoppers for this revolutionary play.
It’s not as simple as algorithm,
in fact, technical expertise is the easiest piece of the puzzle. Alchemy Pay’s
team can easily work with asset holders to determine what platform to issue
their tokens on. But we need other key partners in this whole flow – from
legal, brokers, secondary liquidity providers (crypto exchanges/digital asset
platforms), regulatory approvals before anything can happen.
Mary | Satoshi Club: So, you will use third party services?
John Tan: A quick overview of the flow is:
1. Deciding the jurisdiction, deciding of funds to be raised – a lot of legal efforts required here
2. designing the offer (structure of tokens/rights etc.) and representation of ownership of each token
3. Only now then you decide on the blockchain to use
4. Planning of secondary liquidity.
It’s a lot more complicated than
this but Alchemy team has experience in capital markets-.
Hint: we are currently negotiating a real estate STO deal with a conglomerate as a consultant and technical solution provider. That said, its lengthy process which we need to proceed diligently. We will be leading the project, acquiring 3rd party professional services as required, and providing technical solution/advice.
Q4 from Telegram user @NataliyaKil
Your payment protocol rewards us and our customers with ACH tokens for
every crypto transaction. So, please tell us about the reward programs for
Alchemy Pay users. After receiving the ACH Tokens reward, how can we use it?
Besides transaction rewards, what other ways are there to earn ACH Token? And
what other programs do you offer to your community: a loyalty program, an
Ambassador program or a referral program?
John Tan: At present, our incentive mechanism focuses on one main
goal, actual usage and demand for our services (which require the pledging of
ACH). Enterprises with merchant network are rewarded for scaling our merchant
network size and contributing transactions on our network. These transaction
requires fees to be paid, which can be done in ACH for a fee discount. We are
currently building a reward system for our community that can help drive usage
of our services. For instance, community members connecting us with payment
companies or major brands with huge transaction volumes will receive ACH
rewards. Stay tune to our Twitter for more information!
Q5 from Telegram user @Highpee
In order to facilitate smooth payment solution, you have released Alchemy
Payment App. This app can function as a crypto wallet and users can use it to
buy and receive crypto by registering with your email. However, some users have
observed that despite the fact that this wallet app can be used to hold crypto,
there is nowhere to access their seed phrase or private keys. Apart access to
account password, why can’t users have custody of their private keys or seed
phrase? Who is responsible for securing these sensitive data and how can users
be assured that these information is in a safe place? What type of email do you
support as I am having difficulty receiving OTP using my email address? And
since am stuck at registration and cannot explore the app further, can you
explain more about the game and reward system of the app?
John Tan: Great question! This is a good opportunity to clear up a
common misconception – this sounds like a wallet app which we have put together
for consumers. However, this is not the core offering. Our core payment
solution is directed for merchants. For instance, once our integration with
Binance Pay and Shopify are completed, Shopify merchants simply selects us as
one of the alternative payment partners and can begin to accept
cryptocurrencies without even having to understand how it works. We understand
that our wallet app for consumers/investors require more work to improve user
experience. However, all hands are on deck to ensure project delivery for our
enterprise solutions. We are currently looking to hire more developers so we
can allocate more resources to work on this wallet app – it will certainly be
improved but we need to be mindful of our priorities. After all, organic demand
for ACH doesn’t derive from our consumer wallets but the enterprise solutions.
Mary | Satoshi Club: So, in the future you can give your customers
access to their pks?}
John Tan: With that said, some of you may already know this but we
are working on a significant partnership now to build an infrastructure that
can service retail and institutional investors. It will be a simple platform
where both retail and institutions can access fast and easy access to crypto
investment, DeFi yield products as well as traditional services such as ewallet
and remittance services – all in a single app. Users do not even need to
understand blockchain as we will make it easy to use with clear benefits
stated.
As stated before, we want to drive
adoption of crypto/blockchain. We need to target the masses that are not
already in the crypto world. This will be happening if we provide direct fiat
access and take out all the Defi/crypto/blockchain complicacies.
Q6 from Telegram user @Tony253210
One of the KILLER features of
Alchemy pay is possibility of the DApps to pay with tokens Instead of assume
the Gas costs, so How this can be possible?
John Tan: I think we have covered this earlier. Alchemy’s hybrid
payment system can support on-chain transaction for ANY cryptocurrencies as
long as we can find liquidity for it. That, however, is not the main consideration.
It still goes back to user experience. therefore – integrating with major
wallets like Binance Pay, 2nd layer scaling solution, blockchain analytics will
be the way forward for us.
We’re very optimistic for our
Binance Pay and Shopify partnership, connecting 60+M users to 1.75M merchants
in 1 integration. We are truly driving a revolution for the crypto payment
space.
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 @Ratash97
Alchemy support many fiat currencies so my question is how easy it is
to make withdraws on local currencies and do we need to pass a verifications
and is there a limited amount for withdraws?
John Tan: This is an excellent question. Alchemy relies on a global
top B2B remittance partner (currently under NDA but will share once both
parties approve it) to achieve this – they will take care of forex at near spot
rate and be able to pay out to our merchants directly into their bank accounts.
Since this is a B2B service, limits are set way above what we need. However, we
need to do stringent due diligence when onboarding merchants/merchant networks.
Q2 from Telegram user @ Ronaldo_super
Who will be your next business partner? Do you want to make a
partnership with Binance?
John Tan: The next partner will be a conglomerate that will drive
our business in the Middle east region.
Q3 from Telegram user @hsyin1
Is it possible for you to integrate with global shopping platforms such
as Alibaba and eBay?
John Tan: Yes. Our business pipeline is full for 2021 but we will
try to expand our team and secure more deals. Of course, quality of our service
delivery has to be top notch. While it will take more time for us to execute,
we would rather ensure quality for our partners – this mindset is most likely
we are able to secure partnerships with global leaders such as Binance Pay and
Shopify.
Q4 from Telegram user @AaronBurn1
You mentioned your fees are between 1 and 1.5%. I work in the payments
industry and know that there are many interchange rates that are higher than
that. How are you able to offer rates that are below the typical interchange
costs and still maintain profitability? Is it just offset elsewhere and you
take a hit on the interchange costs?
John Tan: Glad to answer a question from a fellow industry mate,
cryptocurrency payment and settlement flow is much simpler compared to the
traditional payment flow for card payments which have many middlemen from card
issuers, card networks, merchant acquirers, settlement parties, processors (and
there’s a lot of back and forth between these players).
For a crypto transaction, it goes
from Payer -> Alchemy -> OTC -> Remittance partner -> Merchant.
Q5 from Telegram user @xxxxxxxxx12112
Who are your potential customers what market are you targeting?
John Tan: I think this would be a good opportunity to shed light on
our presence. It is true that we have capabilities to serve numerous countries
in regions. For instance, we can go through a payment partner to provide crypto
acceptance to a merchant in London. But that is not our strategy or what we are
doing – it’s simply too slow. We have now built our capabilities, and carefully
selecting partners that grants us the massive merchant network with the least
amount of integration.
If we spend 1-2 weeks to integrate
with conduct POS integration with a group of 10-20 merchants, we will take
forever to scale our service adoption worldwide. In short – we build global
capabilities then select global leaders to partner with.
Q6 from Telegram user @cindy_crypto
Crypto means freedom so why does you require KYC/AML processes from
your users?
John Tan: If merchants are willing to accept crypto/stablecoins as
settlement, it will be much easier from a regulatory point of view. However,
merchants want to be paid in their local currency, into their bank account.
For that to happen, there’s
conversion from crypto to fiat and usage of remittance corridors – this is when
regulators step in to ensure licenses/KYC/AML processes are already in place.
Regulations is inevitable. We might as well embrace it sooner so that
governments across the world are comfortable with us delivering our services in
their jurisdictions.
Q7 from Telegram user @nuralomyasir
I will invest in you. However, there are many fake websites or Page. So
How can I recognize your website or page? Please share your website link.
Everyone, please beware of
scammers – do refer to official channels such as our website and Twitter
(@AlchemyPay) for legitimate updates and promotions.
Q8 from Telegram user @Kargil1999
How has Alchemy Pay deals with Governments Regulations & actions?
Have You partnered with any Local Govt to work at local level?
John Tan: There has been conversations with governments where
Alchemy shares our regulatory experiences in mature/established financial hubs
to help them put together their regulatory framework. There’s also discussion
on how they can leverage blockchain and our payment system to mitigate frauds
especially involving government grants – providing traceability and
accountability and transparency from issuance to redemption. Of course – this
may take time as governments do tend to act cautiously in the interest of the
public.
Q9 from Telegram user @Korryl
what makes you different with other competitor? can you mention what
makes Alchemy Pay special and why people should choose to invest in your
project?
John Tan: Our hybrid model and top-down strategy. There’s no point
in comparing which project has the most sophisticated protocol/tech stack.
Firstly: we are all peers and can
learn from each other. If crypto adoption doesn’t take place because payment
projects doesn’t drive use cases globally, EVERYONE (including investors)
loses.
Secondly: if you must compare –
the greatest indicator would be partnerships and merchant network count.
Q10 from Telegram user @Kathdm
I noticed that the motto of your website is “Be connected
Globally”. Your mission is global. However, among the languages available
on your website is only English. Have you considered adding other languages as
well? In order to facilitate the use of the platform to users from different
countries and regions. I understand that it may be difficult to add all the
languages but have you considered adding the most used languages? for example:
Spanish, French, German, Chinese.
John Tan: Thanks for your feedback Katherine! We certainly need to
do better in helping our investors understand us (this AMA is one example!) –
we will look into providing our materials in more languages to mitigate
language gap.
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi
Club Team asked the chat 4 questions about Alchemy Pay. 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:
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 Puppies Network and our
guests was @NaughtyPuppy. The AMA took place on 21 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 community
We are pleased to
announce AMA with Puppies Network.
Today our guest is @NaughtyPuppy🐶
Andrés
M. | Satoshi Club: [ 😃 Sticker ]
@NaughtyPuppy welcome
to Satoshi Club, we are glad to have you here.
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Hello everyone!! Are we all as excited as me to be here!??
Gold
Rocket | Satoshi Club: Hello and welcome to Satoshi Club,
@NaughtyPuppy!
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
[ 👍 Sticker ]
Gold
Rocket | Satoshi Club: [ 👅 Sticker ]
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Thank you for giving me the opportunity
Love this community!
[ ❤️
Sticker ]
Andrés
M. | Satoshi Club: Of course we are, a big quantity of
members online excited for this AMA😁
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Amazing!
Gold
Rocket | Satoshi Club: we are also as well very excited
about the upcoming AMA😍
Thanks for joining!
Let’s start!
[ 👌 Sticker ]
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):Pleasure!
Gold
Rocket | Satoshi Club: Introduce yourself please. How did
you get to be involved in crypto & Puppies Network?
Tell us please about
your position in Puppies Network?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Great!
I lead the PR &
Marketing department in Puppies Network.
I have been in the
Crypto space for over 5 years. I got involved with it cause I saw once an
article about BTC
Together with a group
of friends and colleagues decided to construct a project that would change the
meme ecosystem
And would be able to
provide to the community both human and K9
Gold
Rocket | Satoshi Club: He he. how many times have you thanked for reading
this article 😁
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Hahahahah
Tell me about it!
I actually thank life
for more than just that article
We are so lucky
Gold
Rocket | Satoshi Club: One day you will write a book, I
hope😁
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Not only financially, there are a lot of people that struggle
Gold
Rocket | Satoshi Club: Indeed.
Andrés
M. | Satoshi Club: [ 👍 Sticker ]
Gold
Rocket | Satoshi Club: we are still at the beginning of
crypto history
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
And has the power to change the world the way we see it today!
Gold
Rocket | Satoshi Club: Absolutely😊
What is the essence of
Puppies Network?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Our vision is to create value and meaning. Assist the community, hear the
community and work together with the community
Andrés
M. | Satoshi Club: What benefits do you offer to the
crypto space and the world in general?
Gold
Rocket | Satoshi Club: Great motto 👍
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
At the same provide for the least fortunate and deliver a sustainable ecosystem
that continues to thrive
As our name states, all
members of our team are interested in helping puppies
We didn’t just pick the
name puppies without a genuine interest
Andrés
M. | Satoshi Club: That’s a noble cause
Gold
Rocket | Satoshi Club:does this mean that you are not
just a hype puppy project. do you have charity?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Thank you! 😊
We are way more than
that
I think one of the best
attributes of Puppies Network project is that we are aware of more than one
contributing factor when it comes to animal welfare
Gold
Rocket | Satoshi Club: Please tell us about the team that
helps the plans
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Donating money to some
shelter helps in the short term but it is not the solution in the long term
Andrés
M. | Satoshi Club: What are the main benefits you offer
for long term investors?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Our team consist of crypto experts, a team of Blockchain engineers, marketing
gurus, strategic planners, Tokenomics experts
All of them have at
least 5 years experience
Gold
Rocket | Satoshi Club: Are you an anonymous team?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
We see our project as a potential store of value and at the same time doing
something positive for the the least fortunate
Gold
Rocket | Satoshi Club: Great background 👍
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Yes we are an anonymous team
But we are only
anonymous
Not because we don’t
like to be famous 🤣🤣🤣
It’s just that some of
the members of our team are based
In countries were
crypto regulations are not so welcoming
Gold
Rocket | Satoshi Club: modesty is the sister of talent😁
Thanks for great
introduction, we will have several questions selected for the Part 1. Ready to
start?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Sure!!
[ 👌 Sticker ]
Andrés
M. | Satoshi Club: Let’s go🥳
Q1 from Telegram User
@UplineStephen
No
more scams, no more rug pulls, no more whales. $PPN tokens are entirely
community-driven, and we make decisions together while keeping the future of
our treasured puppies in mind. Also, $PPN token will give all the holders an
access to its vibrant ecosystem and multitude of woofing utilities, which
includes things like NFTs, farming and staking etc. My question is, to qualify
as a member your community or part of your ecosystem, is there any specific
amount of tokens required that one needs to hold to be able to participate in
decision making that happens in the ecosystem?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
So far there hasn’t been any decided
amount on tokens.
As we are a super
dynamic team we are happy to introduce changes that would always benefit the
community.
For example introducing
a DAO.
We recently had a
community vote which equally included every puppy with having a say in it
The results from this
was the burning of 50% of our supply LIVEEEE
Santa Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Andrés
M. | Satoshi Club: Will be great to be part of that
incredible community, what are the ways to earn $PPN tokens?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
We also showed in that short video a how normally gets done trying to bring
more adoption and development in the community
$PPN is a deflationary
token. holders earn tokens with every
transaction through a redistribution mechanism implemented in our smart
contract
Andrés
M. | Satoshi Club: Congratulations, community is the
pillar of each project😃
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
At the same, a portion of tokens get burned as well
With every transaction
I think community is
the pillar of the world
Gold
Rocket | Satoshi Club: good mechanism👏
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY): Without
community we are meaningless
Andrés
M. | Satoshi Club: Completely agree
Gold
Rocket | Satoshi Club: Thanks for your answers
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Nooo hahaha Thank you for your questions 😍😍
Gold
Rocket | Satoshi Club: Ready to proceed to the next
question😁
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY): Sure
Andrés
M. | Satoshi Club: Still 5 coming for this segment😁
Q2 from telegram user
@Billz120
On
your PUPPYPAPER 08 (Staking advantages of puppy Token), you assured, all the
stakers of the world of dogs are warmly welcomed to join your platform for all
types of Staking. But you did not State the Staking advantages of Puppy Token
thereon, so please could you tell us what are these staking advantages of Puppy
Token? What is the cost of (1) One Puppy on NFT PUPPIES ($PPNS)? Could you
please tell us the total cost $PPNS of 50 different breeds of Puppies suppose
an enthusiast like myself intends staking that much? Could you equally tell us
the names of these different 50 puppy breeds and their unique features?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
This is actually a very good question
Hahaha
And I wish I was
authorized to disclose all that info
Pretty much would be
revealing all our Aces
But I can give couple
of sneak peakLet’s see…
Andrés
M. | Satoshi Club: Please😁
Gold
Rocket | Satoshi Club: [ 😑 Sticker ]
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
First of all, development of a project like this take time, so please keep that
in mind hahaha
The costs will vary. We
are introducing multiple types of NFTs
2Ds, 3Ds and animated
NFTs
We are also introducing
a NFT Marketplace in our website
From what I have seen
in other projects it seems like some are just introducing NFTs for the hype and
are kind of selling pretty smoke
Our NFTs have meaning
and are designed by a world-class graphic designer
We have a team of 2 and
always looking for new talents
Gold
Rocket | Satoshi Club: yes, I always want to find my
diamond in this crazy sea
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
There are hidden items in some of the NFTs which make them rare, semi-rare, etc
Gold
Rocket | Satoshi Club: The quality is really worthy of
respect😊
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY): We
are also working into having NFTs that change mood according to weather
conditions. However for that part of the code would have to be centralized and
we still haven’t decided on that yet
Andrés M. | Satoshi Club:
Could you share some pieces of art with us?😁
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Sure, not sure if you have been able to see the video I just posted above. In
the next couple
Of days
We will have the 2D
NFTs to reveal
Thank you so much! It
means a lot to us and to our amazing designer! His work is mind-blowing
Gold
Rocket | Satoshi Club: Wow amazing 🤩
Q3 from telegram user
@Cheriemike
On
completion of each phase,you pledge to donate funds to the dog shelters.But
going through your tokenomics,i couldn’t find the percentage given to support
dog shelters,can you tell us what will be the percentage given to dog
shelters?Are you also planning on partnering with some charity organizations to
show their support for strayed/homeless dogs etc?How can we support or make
donations to the shelters?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
I love this question!!😍😍😍
As I said earlier I am
extremely proud to say that in our project we understand that just donating to
dog shelters doesn’t change the issues
In the long term
Our vision is more in
line with countries like Holland or Norway which contributed to the solution in
a larger spectrum
In our opinion, there
are 3-4 major contributing factors to having an effective change to the current
situation.
A strictly enforced
animal welfare legislation imposed by governments, sterilization, tax hikes on
pet breeders, driving the community towards making pet adoption a cool trend
and education as to the correct requirements should they wish to share their
lives with a new companion.
A puppy is not for
Xmas, a puppy is for Life and they are not just food and water, they are much
more than that
Andrés
M. | Satoshi Club: That’s true, a puppy is not a toy
Gold
Rocket | Satoshi Club: No one can love you like a puppy 😊
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
So we have not decided on how much percentage we will be donating, but it is
clear for us that they have to be organization that help make a real change
through the factors that I mentioned above
Andrés
M. | Satoshi Club: Yes 😍, they are members of sour
family
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
As we are a super community oriented project, we are happy to listen and make
informed and collective decisions TOGETHER
keeping in mind that
what we want is a change
There are multiple way
to donate to shelters but I think if we follow the path of the processes I
described the result would be much more effective
And also with regard to
partnership we are open as long as they follow our vision
Andrés
M. | Satoshi Club: It’s an thrilling topic btw
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
I actually love it!
Hahaha not sure if it
shows
Hahahah
It comes from the heart
Andrés
M. | Satoshi Club: So, regarding tokenomics how is it
distributed? Max supply and current market cap?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Sure
Our total supply is 1
quadrillion
50% was burned making
the total of circulating supply of 500 trillions.
With every transaction
nthwre is a 5% tax:
2% – buy back and burn
2% – distributed as
$PPN token rewards to all holders
1% – burned
Our current fully
diluted Market Cap is just short of $4M
Andrés
M. | Satoshi Club: That’s what people called as a crypto
gem😁
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
We are just 11 days old
The fact is that who
doesn’t love puppies?
And as any puppy we
grow fast hahaha
Andrés
M. | Satoshi Club: Good point haha
Gold
Rocket | Satoshi Club: do you have real pets in your
family btw? 🐶😁
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
I dooo
Hahaha
All adopted
I even have a cat that
behave like a dog
Gold
Rocket | Satoshi Club: Puppy?🤩
Lol
Andrés
M. | Satoshi Club: what breed is it?
Gold
Rocket | Satoshi Club: It’s funny
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY): Excuse
me?
Hahahaja
Gold
Rocket | Satoshi Club: I have 1 golden retriever, 1
sausage dog (dachshund)
And the cat is a Maine
coon
Andrés
M. | Satoshi Club: Sorry haha
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
That was funny 😂
Gold
Rocket | Satoshi Club: our bot dislikes some dog projects
😂🙈
Hahaha
Maybe is cause of the
cat
Thank God we are a
puppy project in that case
Gold
Rocket | Satoshi Club: Thanks for your answers
Andrés
M. | Satoshi Club: Haha maybe he is allergic🤣
Q4 from Telegram User
@andrey_seleznov
Hi
Puppies!
I
read that Puppies envision $PPN Token as a fair universal currency for the
people across the globe and not just a meme token. Could you please tell us
what are the real use cases that sets Puppies apart from abundant meme tokens?
I’d also like to ask how you plan to approach undoing the damage done by
scammers, schemers, and bad actors that you mention on the website? Are you
planning some compensatory pools for the victims of rug pulls and online scams?
Thank
you!
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Interesting!
Let me start with the
first question.
Our real use cases are
NFTs, e-commerce, store of value and having real meaning by assisting the least
fortunate. I don’t know if you guys have had the change to help others but when
it comes it just feels great.
So linking to the last
question We have not come across that request of helping victims from previous
rug pulls or scams but there is something that we are more than happy to
consider
If the community feels
that it is needed and makes a good change we are more than happy to contribute
in any way we can
Apart of rugpulls and
scams there are other options out there to help community e.g. humans with
special needs
As we grow together we
would love to get input from everyone in the community
At the moment we were
just focusing in puppies but happy to take the feedback and future actions in
our rollout plans
Andrés
M. | Satoshi Club: Complete and detailed answer, would you
like to add something before the next question?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
We are in such an early phase of the adoption of DeFi and crypto that there are
endless possibilities. As I said before, we can change the world
Q5 from Telegram User
@DK177
Recently,
you have collaborated with Smart State. Please explain the advantages that both
parties receive through this partnership. In your medium, you have indicated
about one benefit for your project. According to it, Puppies Network will be
protected from bot activities due to this collaboration. How effective is it?
Do they properly identify human activities and bot activities? Preventing bot
activities does not make a platform 100% risk free. What are your other
security measures? Do you have plans to build up partnerships with auditing
platforms and insurance providers in the near future?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
This question is great! Lots to say!!
So will there be a bot
protection? Actually yes, there was
Andrés
M. | Satoshi Club: Take your time, don’t worry😃
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Thank you
I appreciate it
So…
Our team managed to
Achieve a successful deployment
The most critical part
of any project is when the token goes live
Through SmartState
technology we were able to protect the community against the sniping bots for
72 blocks.
For the majority of projects
(if not all) these is a huge issue. Bots snipe when liquidity gets added and
they keep on dumping on the community for weeks
Making the rich richer
and the community poorer.
This was a core value
of ours
We wanted a change
And with our technology
we were able to pull that off successfully as you can see from the transactions
This was so important
to us that we delayed our launch in order to make sure that the community was
not going to be hurt
Gold
Rocket | Satoshi Club: I am watching you and I understand that you
are a very human project. charitable and caring for the neighbor …
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
The technology is able to differenciate between bot and human.
The member that made
the question is totally right, preventing bot activities doesn’t make a
platform 100% risk free. Therefore our partnership with SmartState is on going.
They have audited the
contract, provided feedback, made sure there were no arithmetic over/under
flows or malicious codes
Gold
Rocket | Satoshi Club: What other partnerships do you
have now?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
We conducted multiple tests for verification and we made sure that we were
following industries best practices
We have received a
large number of offers for partnership which are continually under review in
order to deliver an optimal result for our community. As soon as another
partnership gets finalized we will share the news 🙂
Q6 from Telegram User
@Asela1112
It
took my attention about a “Woof-Woof” or “Win-Win” situation in your Farming
& Staking protocal. It says, users can earn more $PPN tokens in return,
after locking NFTs & $PPN tokens for a certain period of time. So how do I
involve on “Win-Win” situation? What is the staking/farming procedure? What is
the minimum amount of $PPN tokens & minimum worth of NFTs to enter to the
farming/staking protocal? How about the locking period, is it 3 months or 6
months to unstake user’s investment? What is the APY or ROI of staking/farming
protocal? Can we reinvest our NFTs & $PPN tokens?
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
This in another amazing question. I’m afraid being part of the 2nf phase of our
road map I should not disclose much.
But I’ll try to answer
as much as I can
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
Just a quick teaser, staked tokens will earn rewards which will be issue to
redeem against real puppy token merchandise in the e-commerce platform
During one of our team
discussion we felt that putting a minimum on amount for staking was not optimal
But again we are happy
to take the community opinion on this as well
Andrés
M. | Satoshi Club: Could you share us your whole roadmap?
We want to check what’s coming for the project
Santa
Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY):
At the same Phase 2 will have very exciting development like having the token
also in BSC network
(just a kind reminder to everyone, at the
moment our puppies only live in the ERC ecosystem)
Please be aware of fake
tokens not only for $PPN but for all other tokens. And always get the contracts
directly from official sources
Part
2 — live questions from the Telegram community
Q1 from telegram username @coinresearcher
You mentioned in the AMA your community can make
collective decisions together so how can I be one of your community?
Santa Paws 🎅🏼 🐾 (WILL NEVER
DM YOU FIRST OR ASK FOR MONEY):
First of all I invite not only you, but everyone to join our community and see
what we stand for.
Our telegram is:
@PuppiesNetwork
We are always paying
attention to what the community likes,
dislike and want from our project. So any thoughts, suggestions or ideas are
always taken into consideration.
In fact the gleam.io
competition was one idea from a community members.
So the first step would
be to jump aboard!!! And join us across social media!
Q2 from telegram username @Jackichang1
Did your project make any benefit yet? What strategy used?@NaughtyPuppy
Santa Paws 🎅🏼 🐾 (WILL NEVER
DM YOU FIRST OR ASK FOR MONEY):
As you can see from our smart contract, team tokens and marketing tokens are
vested for years. This project is not intended for a “pump and dump”.
We have not sold any
tokens yet as we believe we are still extremely undervalued and destined to go
to much higher places
Q3 from telegram username @MM_carlos
You mentioned that with every nthwre transaction
there is a 5% tax:
2% – buyback and burn
2% – Distributed as $ PPN token rewards to all
holders
1% – burned
How many holders do you currently have in your
project?
Santa Paws 🎅🏼 🐾 (WILL NEVER
DM YOU FIRST OR ASK FOR MONEY):
At the moment we have 309 holders, it just goes to show how much we are in the
early stages. There is so much room for sustainable growth!!!!
And I hope after this
AMA the community can understand the value of our project!
Q4 from telegram username @sscpaster
From where the TAX come from? Who paid the TAX and
where does the money goes?
Santa Paws 🎅🏼 🐾 (WILL NEVER
DM YOU FIRST OR ASK FOR MONEY):
The tax comes from sellers and goes to each and every holder.
Some investors come at
early stages and then leave after quick gains, since this is not what Puppies
Network is about we implemented the tax to reward those that are committed to
thrive together
Q5 from telegram username @Kabirkapoor9
Hello @NaughtyPuppy
Will Puppies dog consider charity programmes for
social cause like donation to support street dogs? Are you guys in talks with
any Non profit organisations?
Santa Paws 🎅🏼 🐾 (WILL NEVER
DM YOU FIRST OR ASK FOR MONEY):
Yes! That’s one of our core values in Puppies Network.
Making sure that the
number of stray dogs gets reduce through effective and sustainable methods that
I mentioned before!
Q6 from telegram username @Asela1112
Hello🙋♂️
@NaughtyPuppy
You offer a kind of specific incentives called
“Special Woof Factors”. Can you describe more about this specific
offering? Will there be a breeding system to make hybrid Puppy offsprings?
Santa Paws 🎅🏼 🐾 (WILL NEVER
DM YOU FIRST OR ASK FOR MONEY):
This is one of the NFTs
capabilities that are under consideration. The Metaverse contains HUGE
possibilities and all of those are being considered thoroughly
Q7 from telegram username @Rose_b2b
Do you have AUDIT certificates, or are you working
to AUDIT your project, to make It more secure and reliable ??Thanks
Santa Paws 🎅🏼 🐾 (WILL NEVER DM YOU FIRST OR ASK FOR MONEY): Yes we do! And here I will post it for every to refer to 🙂
It will have a public pre-sale on August 23 and the
launch will be on August 25, so after these investment rounds, how would be the
estimated time to see the first results of the project? What will the money
raised in these investment rounds be spent on?
Santa Paws 🎅🏼 🐾 (WILL NEVER
DM YOU FIRST OR ASK FOR MONEY):
There was no presale done. We had a fair launch which allowed everyone in the
community to participate collectively and with 0 bot sniping 🚫🤖🤖
Q9 from telegram username @boradam
As you mentioned you are anonymous because in your
country crypto regulations are not so welcoming what if in the future everyone
accepts crypto can you go public?
Santa Paws 🎅🏼 🐾 (WILL NEVER
DM YOU FIRST OR ASK FOR MONEY):
We have actually asked ourselves that very same question. And the the answer is
yes. We would be very much open to that possibility.
I think the community
has concerns with anonymous teams because of rugpull and scams but as you can
see we aren’t going anywhere, except to higher and higher places together as a
community.
So if the time comes we
will remove our puppy masks and show our faces!
Q10 from telegram username @vedamatrix
Welcome @NaughtyPuppy Why you are known as
NaughtyPuppy?
Santa Paws 🎅🏼 🐾 (WILL NEVER
DM YOU FIRST OR ASK FOR MONEY):
Like any meme token we believe that a bit of humor brings the community
together.
My team name is
Santa-Paws so a joke relating to being a
naughty puppy was just the perfect match!
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:
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 BurningMoon and our guests, @Rainhard1 and @Laurenz_1. The AMA took place on the 20th 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 Burning Moon! Welcome to Satoshi Club😀
Andrés M. | Satoshi Club: Dear community, welcome to another AMA session today. Our guest from BurningMoon are @Rainhard1 and @Laurenz_1!
Rainhard: Hello, glad to be here 🙂
Mary | Satoshi Club: Hello and welcome to Satoshi Club🔥
Laurenz: Hello everybody, really appreciate to be here today.
Mary | Satoshi Club: Happy to e-meet you today👏
Andrés M. | Satoshi Club: It’s a pleasure for us!
Mary | Satoshi Club: How are you, guys?
Laurenz: All fine, really busy as it’s getting closer and closer to our launch!
Rainhard: Great, thanks 🙂
Mary | Satoshi Club: Awesome! So, we won’t waste our time and will start our hot AMA session🔥🔥🔥
Laurenz: Let’s go🚀
Mary | Satoshi Club: Guys, could you please introduce yourselves and tell us more about Burning Moon🚀
Laurenz: My Name is Laurenz, and I’m in the core team since the very beginning of our projects. My responsibility is marketing and administrative tasks for our project. I’m from Germany like the most of our team members.
Mary | Satoshi Club: How did you get involved in the cryptospace?😀
Laurenz: I started to get more and more interested in crypto after the last big bull run. After been disappointed in a lot of projects and met Rainhard. I focused more in creating something special by our own.
Mary | Satoshi Club: I understand you😀 but you are still here and you’re a winner!
Laurenz: Will never leave again, that’s for sure😉
Rainhard: Sure, I’m Rainhard. I’m the Developer behind BurningMoon. I’m from Austria. BurningMoon is a token we work on since 3 months now and now we are finally close to launch, but more details in the AMA.
Mary | Satoshi Club: Oh, your role is very important for the project!
Rainhard: I got involved in crypto quite late. Usually I’m early adopter basically everywhere, but with crypto I was (sadly) slow and only started in early 2021.
Mary | Satoshi Club: Welcome to the club😂
Andrés M. | Satoshi Club: Nice to meet you guys, please tell us what is the essence of BurningMoon and which products do you offer?
Rainhard: BurningMoon is in it’s essence a token that rewards holders for holding like so many other token. But we brought that to the extreme with BurningMoon.
Mary | Satoshi Club: Thank you for your intro👍 We choose 6 questions from our community for the first part of our AMA🚀 Are you ready for them?
Rainhard: I’m ready 🙂
Laurenz: Definitely!
Andrés M. | Satoshi Club: Thanks for the intro, let’s proceed😁
Q1 from Telegram user @ItsMelissa3:
There is little time left for the launch of the BurningMoon token, only a few days left. What are the steps to participate in the Whitelist Contest? How can we win our ticket to the BurningMoon whitelist? How many tickets will be distributed? Will the users who are at the top of the whitelist receive any exclusive benefits?
Rainhard: We have a Shill-Contest where you can win whitelist spots: https://t.me/BurningMoonBSC/14914 We want to reward active Community members with a whitelist spot.
There will be no top or bottom on the list and everyone will have the same whitelist advantages for the BurningMoon launch, which will be a quite special launch 🙂
Andrés M. | Satoshi Club: Great opportunity🥳
Rainhard: Yes, right now it’s still easy to get a spot 🙂
Andrés M. | Satoshi Club: So, why users should buy your token? Will be there staking or farming benefits?
Rainhard: Yes, we will have benefits for holding the token in BNB that can also be paid out in other token 🙂
Mary | Satoshi Club: As a group admin I want to ask you if you will respect another communities rules?😀 Because not all groups allow shilling😉 Why do you choose this style of whitelisting?
Rainhard: We do not encourage blind shilling. I much rather encourage people to tell their friends about it, as that’s much more effective that spaming other groups with copy pasted texts.
As a group admin, I also do not enjoy those shill messages either and telegram bans quite quickly anyway nowadays.
Andrés M. | Satoshi Club: Good strategy, word of mouth marketing.
Rainhard: Yes, much more effective.
Mary | Satoshi Club: True respect👍 We appreciate this!
Andrés M. | Satoshi Club: Thanks for the answer, are you ready to go with the next question?
Rainhard: Ready!
Q2 from Telegram user @Arisabela:
I wanted to access the information on your website, but it seems not to be accessible, can you tell us what aspects of the project are you focusing on right now? I ask because I read in your group that they think to develop a true use case for BurningMoon, that you aim it to enable you to partner with a lot of other projects, but there’s no mention about how you will do it. Please show us all details.
Laurenz: The website is currently being finished in the background. Currently you only see a teaser site.
Most details about BurningMoon will be released in the telegram group, but the website will be accessible before launch.
We will have a Feature called “Promotion Token”. This feature enables us to make mutually beneficial partnerships with other tokens and increase our long term viability.
Andrés M. | Satoshi Club: Please share with us the links to your communities to join and know more about the project😃
Mary | Satoshi Club: Interesting system🙂 What features will your token have? How users will be able to use it?
Andrés M. | Satoshi Club: Yes, please tell us about the main use cases.
Rainhard: It will have a lot of features built in, to make it adaptable to many use cases, and we are planning to build an ecosystem around the token.
We are currently working on things like NFTs that will be paid in BM and we are planning to incorporate those NFTs in a game we are currently planning.
Also, we are planning a launchpad where developers can launch token that are 100% safe that is of course, also paid in BM.
As we made the contract really flexible, we can develop a lot use cases around the token that wouldn’t be possible with other high tax token.
Mary | Satoshi Club: Great plans, guys!👍
Rainhard: Planned for 3 months now 🙂 Back in the day “moon” token were still the hottest thing 🙂
Andrés M. | Satoshi Club: A lot of amazing things coming👏 Thanks for sharing. Now, is time to proceed with the 3rd question.
Rainhard: Let’s go 🙂
Q3 from Telegram user @alice_wonderland12:
In most BSC tokens, either the dev rugs you after a couple of hours or it turns out to be a pump n dump scam or the coin moons for little time before collapsing to never recover. How is BurningMoon different?
Rainhard: Yes, that’s true. That was also our incentive why we made an own token.
First, we will make sure we are as transparent as possible. The contract will be fully audited before launch, so a rug is almost impossible.
Because of all the rugs and pump and dumps, people lost trust into BSC projects so, understandably, they want to get out ASAP to not lose their funds. Often at a loss. And so projects end up as pump and dump, even projects with great plans.
We try to be sustainable long term. We aim to build a real use case and have a lot of partnerships.
The unique functions of the contract will help us to achieve long term viability.
Andrés M. | Satoshi Club: It seems that everything is SAFU💪
Mary | Satoshi Club: I want to ask about your team🙂 Is it public?
Rainhard: No, its anonymous.
Laurenz: It’s anonymous, but there will be different team AMA to get people know about our team behind!
Mary | Satoshi Club: Gotcha👍
Andrés M. | Satoshi Club: Who will audit your contract?
Rainhard: Solid group, should be done by Sunday.
Andrés M. | Satoshi Club: Excellent👏 safety first!
Mary | Satoshi Club: We will follow your updates about team and audit👍 Thank you for your answers! Ready to jump to the next question?
Laurenz: Ready!
Q4 from Telegram user @Jmagsss:
I saw your ad about the “BurningMoon Whitelist Shill Contest” and one of the criteria of being eligible on the whitelist for your project is if I hold and burn 100,000 $SAVEBTC tokens from SaveBitcoin project (@SaveBitcoinBSC). May I know what is your relation with this project? Do you have partnership and collaboration with SaveBitcoin? Also, you mentioned that if I burned an additional 50,000 more $SAVEBTC tokens on top of the 100,000, I will be granted a Diamond Ticket that gives me potential benefits in the future. Can you give us more details of what benefits can we expect from being a Diamond Ticket holder?
Laurenz: SaveBitcoin is an earlier project of mine that was made as a joke as the bear market began. It’s meant to burn a percentage of it’s transaction volume in form of Bitcoin.
Burning 100k SaveBitcoin gives you a whitelist ticket. Currently, 100k SaveBitcoin are worth 1000$, so a Whitelist Ticket is quite expensive that way. But that doesn’t stop people from burning their SaveBTC.
The Diamond Ticket is a NFT that will later grant you special bonuses in the future, like early access to other projects etc.
Andrés M. | Satoshi Club: So, could you tell us about your current partnerships different to SaveBTC?
Rainhard: We have a few partnerships with other token planned, but nothing yet finalized, so I can’t share details.
Mary | Satoshi Club: We will wait for the news🙂 Thank you for your answers! Ready to proceed?
Laurenz: Sure!
Rainhard: Ready.
Laurenz: You welcome to follow us!
Mary | Satoshi Club: Sure😉
Q5 from Telegram user @igervacio:
Some platforms publish NFTs constantly for the mere fact that NFTs have become popular, but others do not do so for popularity, but for exclusivity. Both factors are important to obtain good results, how does BurningMoon plan to develop exclusive NFTs that can be traded automatically? What uses will most of the tariffs used to buy the NFTs have?
Rainhard: We won’t publish NFTs just for the sake of it.
We will create an unique way of trading those NFTs and we will use most fees collected from the NFTs to buyback and burn BurningMoon. The rest will be used to pay for the artists, so our NFTs are really high quality.
The NFTs will later get a real use case once we develop our ecosystem further.
Mary | Satoshi Club: Did you already find artists who are ready to work with BurningMoon?
Rainhard: Yes, the one who will design the first set is currently working hard on our display pics 🙂
Mary | Satoshi Club: Awesome!🔥
Andrés M. | Satoshi Club: Do you have some designs of the NFTs to share with us?😁 Any sneak peek?👀
Rainhard:
Andrés M. | Satoshi Club: Wow, completely incredible, congratulations to the designer👏👏
Rainhard: If you want more, just check the display pics of the admins in the BurningMoon group for her style 🙂
Andrés M. | Satoshi Club: For sure!😁
Mary | Satoshi Club: Thank you for your answers guys! Ready for the 6th and last question from this part?🚀
Laurenz: Ready.
Q6 from Telegram user @Cheriemike:
One of your tokens “Earn Ada”, which was initially intended as a test run for BurningMoon, climbed to a market cap in the millions after only a few hours from launch. My question is, how many tokens will be launched on your platform? What are the primary features/use cases of “Earn Ada” token? What is the maximum/minimum amount of this token? And what are the benefits of of holding your tokens?
Laurenz: Earn Ada was initially meant as test for BurningMoon, but as it had a really unique concept in that time, so it quickly reached 3 million marketcap, despite having no marketing, no website and not even a logo at that time (all that we delivered later).
Right now, there is no plan to launch any more token. But there are plans for things like a launchpad that makes sure the deployed token are 100% safe.
Andrés M. | Satoshi Club: What about BDOT? Is the same case that Earn Ada?
Rainhard: It was demanded by the community that I make another “test token”, as some missed Earn Ada. But it’s a community token, not a test 🙂
Andrés M. | Satoshi Club: Oh great, thanks for clarifying it😃
Mary | Satoshi Club: Do you plan to stay on BSC, btw? Or also add another blockchains?
Rainhard: We will explore other blockchains later. Right now we focus on BSC.
Mary | Satoshi Club: Gotcha👍 And do you feel that something hot is coming?🔥 Our live part🚀 Ready for it?
Laurenz: Let’s go, looking forward!
Mary | Satoshi Club: Let’s go🚀
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Shaa93:
I’m really intrigued by “Sacrificial Burn”, but I still don’t get it. What will holders do to be able to burn their tokens? And although they will receive 2x the rewards, will the rewards be automatic or claim?
Rainhard: They will just send their token to the Burn Address (0x00…dead). Rewards will be claimed manually, as you can select between different options.
Q2 from Telegram user @messilolz:
Your project is three months old. So, what do you have in your project uniqueness and how will you move with marketing plans to attract on it APART FROM SHILLING?
Rainhard: Shilling is just the first stage of marketing. After we’re launched, our main focus won’t be marketing, but developing a good product. We will market our developments rather than blind shilling.
Q3 from Telegram user @cutetulipan:
What guarantees do you offer? How do you pay attention to the suggestions and opinions of your community?
Laurenz: Our main goal is to give people a SAFU project to invest in and pay it back in several options of rewards. For sure we have our own and specific vision of our project, but we are always welcome for suggestions and asking our community for their point of view.
Q4 from Telegram user @coinerman:
Is BurningMoon’s ultimate goal to develop in the BSC network or will you continue your development using popular networks such as PolkaDot, Solana?
Rainhard: Right now the focus is on BSC. We might also list on some Central Exchanges. Later, we might explore bridges to different blockchains to makes us available everywhere.
Q5 from Telegram user @andrey_seleznov:
Please share more info about the BurningMoon fair launch plan. I heared there will be a variable tax rate of 99%, that will gradually lower to 10%? Interesting system! Do you have any examples of other projects that used it and how effective was it to prevent sniper bots from wrecking the fair launch? Btw, how can early investors know what the current tax is at any given moment and avoid losing much of the capital to increased fees? And finally, what will these huge early fees be spent on, buyback and burn I assume? 🙂
Rainhard: It worked with babyDot. The system was 100% effective at wrecking sniper bots, although because we did a 1000x at ATH, even sniper bots made a profit. Pretty much everyone who bought during the launch made a profit, despite paying a very high tax. The launch also built up a VERY good liquidity ratio.
Q6 from Telegram user @sumaiya889:
Your project has great features. There must be an experienced team behind? Which regions are you focusing on? Asia, Africa or Australia?
Laurenz: First of all that’s nice to hear!😁 We got the must talented dev in our team (my opinion) and a lot of different specialist in all areas like design marketing etc. We don’t focus on a specific country’s area. We want to bring our unique token to the hole world 🚀
Q7 from Telegram user @andrey_seleznov:
As part of the security measures to prevent rugs and scams, BurningMoon has an interesting proprietary LP lock system that is meant to ensure maximal security and still enable to migrate liquidity to other DEX and CEX if needed. Please tell us how exactly this system, will work and how can users be assured the team or malicious hacker cannot remove all liquidity overnight? Since this lock code is proprietary, have you done 3d party audits of your master chef contract to make sure it is hacker proof?
Rainhard: Yes, the team will be only able to remove 20% of the liquidity if the liquidity unlocks and liquidity automatically locks for at least another week. This enables us to lock liquidity for a shorter timespan to be able to move 20% of the liquidity to exchanges. The contract will be audited by a solid group and the result should be done by Sunday.
Q8 from Telegram user @jazzmusic2000:
I was reading that BurningMoon is creating a meme contest, could you give us more details about what are the steps to be part of this contest? When will it be open to participate? Through what platform will it take place?
Laurenz: Yes we got a really big meme competition going on and the price will be huge! There will be 30% of our marketing wallet after the first day of launch distributed to some really lucky winners. And this will be easily 5 figures. Please check out our telegram group and you will also find more interesting possibilities like whitelist competition before launch.
How do you intend to reward NFT artists on your platform?
Rainhard: Our unique NFT system will automatically give a share of the rewards to the artist and burns the rest.
Q10 from Telegram user @Pratze:
So I’m still confused with “PROMOTION TOKEN”, what are the uses for it? And is there any benefit with own promotion token from BurningMoon project? Can you explain a little?
Rainhard: The Promotion token enables us to partner with other projects. It will be a cross promotion that mutually benefits both parties. The promotion token can be claimed via the dividends BurningMoon generates, and different bonuses apply, like tax free claim and a lot more.
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:
