Month: August 2021

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 BetU and our guest was @paulrogash. The AMA took place on 16 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

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

Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community!

Today our  guest is @paulrogash

Paul Rogash: Hi Guys. Great to be here.

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club @paulrogash😁

Mary | Satoshi Club: Dear Satoshiclubbers 😉 we want to adk you to watch this video before we will start intro part🎉🎉🎉

Welcome here, Paul! Happy to see you in Satoshi Club 😀

Paul Rogash: The quiz is based off the video, so lets wait 5 minutes to begin so everyone can watch it.

Mary | Satoshi Club: Sure, it’s important 👏

Gold Rocket | Satoshi Club: tell us about yourself … how did you get into crypto … How did you involved in BetU?

Great video 👌

Paul Rogash: I come from a web and marketing background having founded several businesses including Lawyers SEO, Escalated Advertising and MachineSales.com .

I’ve been in crypto about 5 years.

Over the last 12 months, I worked as head of marketing for 2 crypto projects, and took them 30x & 25x.

In May we founded BetU.

Mary | Satoshi Club: 30х and 25x are fantastic results👍

Paul Rogash: I started BetU becuase there is an enormous opportunity in the sport and esport betting industry, and no one in the crypto space has capitalized on it yet.

Gold Rocket | Satoshi Club: Wow amazing background

Mary | Satoshi Club: How far you plan to take BetU?😉

Paul Rogash: I see BetU becoming a leading player in the sports betting industry competing with the likes of FanDuel, DraftKings, Bet365, William Hill etc.

Gold Rocket | Satoshi Club: Indeed…

Mary | Satoshi Club: Everything is possible 👍

Gold Rocket | Satoshi Club: This is a great result.

Mary | Satoshi Club: Could you tell us more about BetU team?😉

Gold Rocket | Satoshi Club: How long does it take to develop a project? What plans do you have for the future? And what can we expect from BetU?

Paul Rogash: Yes, we currently have a 21 with a lot of experience in building large scale web projects.

Our Version 1 of the platform will be released in October. First bets will be enabled on the Machester United v Liverpool game on October 24.

Gold Rocket | Satoshi Club: Oh! I am impressed!🙌

Mary | Satoshi Club: Iove your slogan 😍

Paul Rogash: Our first release will enable betting on Football/Soccer, UFC and Counter Strike.

Gold Rocket | Satoshi Club: I will support Manchester😁

Paul Rogash: We will then open up to most major leagues.

NBA, HFL, NFL, Formal 1, Cricket, Tennis: ATP Tour Etc

Mary | Satoshi Club: Awesome 👍 i should try my luck in betting 😉

Gold Rocket | Satoshi Club: You have huge plans! 👏👏👏

Paul Rogash: In 2022, we will also be releasing a complete interactive casino, both for people to enjoy and also for betting.

A Decentraland type of experience within the BetU platform.

Mary | Satoshi Club: Yes, decentralisation is one of the main things why we love crypto👍

Gold Rocket | Satoshi Club: Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

Paul Rogash: Yes.

Q1 from Telegram user @Jonathantross

Can you talk about your public sale which is starting on 16 August on your platform ? From where can user register for public sale ? Can you also talk about your token distribution

and what percentage of total is allocated to the public sale ?Can you give information about your team members their experience and qualification who help Betu platform to bring power back to people ?

Mary | Satoshi Club: Partially answered about the team😉

Paul Rogash: People can register for the public sale at ico.betu.io

If anyone has friends involved in crypto, sports betting, or esports, please register on the platform and generate a referral code.

Gold Rocket | Satoshi Club: Don’t miss out on the cool features of Satoshi Clubbers!

Mary | Satoshi Club: Do we have to pass KYC or simply register?

Paul Rogash: You can earn 2.5% on what the referred party buy.

Mary | Satoshi Club: Which currencies we will be able to buy with?

Paul Rogash: To purchase BETU in the public sale you have to pass KYC.

Mary | Satoshi Club: Cool🔥🔥🔥

Paul Rogash: To refer people, you do not have to pass KYC.

The BETU token sale accepts, BTC, ETH, USDT & BNB>

Paul Rogash: 25% of the supply is available for the public sale.

Gold Rocket | Satoshi Club: excellent quantity

Mary | Satoshi Club: Nice, everyone can choose what he wants😀

Paul Rogash: You get rewarded for anyone that you refer who buys BETU tokens.

Mary | Satoshi Club: So, sale will be on your platform, right? If yes, can you tell us how safe is it?😀

Paul Rogash: Correct. Extremely safe, our platfrom is audited by Hacken.

Mary | Satoshi Club: Fantastic 👏

Gold Rocket | Satoshi Club: Thanks for detailed answers. it greatly increases user confidence

Paul Rogash: Tokens will be distributed at the end of the public sale and listed straight onto exchange.

Q2 from Telegram user @JesusFre1tes

Sports betting is a fast-growing industry monopolized by global bookmakers that earn billions of dollars in revenue each year. This is unfortunately the reality. But, since BetU has entered this ecosystem, how will they democratize access and break down the barriers of entry to all types of investors and bettors regardless of their level of capital? Being a decentralized platform, what aspects of the sports betting world are enhanced within BetU?

Paul Rogash: BetU will be the only platform world wide that will offer both peer to peer betting and traditional bookmaker services side by side, this will result in better odds and bigger winnings.

Also unlike traditional bookmakers, we distribute 25% of margins back to token holders in the way of token burning.

We are also the only sports and esports betting platfrom to have it’s own sole currency.

Mary | Satoshi Club: Nice model!

Gold Rocket | Satoshi Club: yes, you are quite unique in this space.

Paul Rogash: In addition, we are gamifying a lot of the betting platform, to signficantly enhance user experience over traditional platforms.

Mary | Satoshi Club: I think i heard about some betting crypto platforms

Paul Rogash: Yes for sure, but they all utilize the major currencies for deposits, or betting.

With BetU the entire ecosystem is based on BETU tokens.

Mary | Satoshi Club: How it will look? You mean you will also have your own games?

Paul Rogash:

Here is a sample of the betting platform for the English Premier League.

For our own interactive Casino we are also having custom games built, based around sports, esports and crypto.

Q3 from Telegram user @KathDM

On your website it says that Referees must hold BETU tokens and are rewarded for their contribution. How many BETU tokens must the Referees hold? And as for the rewards … what will the rewards they receive depend on? Will the rewards depend on the amount of BETU tokens they hold or on each of the contributions they make?

Paul Rogash: The referees are not required for the initial version of the platform as we have partnered with BetRadar to provide all results feeds from all major sports leagues.

When we open up the platform for any type of bet on any type of event, we will introduce the referee system. Referees will be rewarded for providing correct outcomes of events.

Multiple factors, rewards will depend on BETU held, the amount of the bets and their contribution.

Q4 from Telegram User @andrey_seleznov

Hi BetU!

Will $BETU token serve as the only currency on the BetU platform? I wonder if you are going to partner with some on/ramp project to allow non crypto holders to take part in the betting on BetU by depositing fiat currency through the credit card POS gateways? Aso, speaking of crypto holders, it is safe to assume that $BETU tokens will be volatile in nature similar to other DeFi tokens. Are you considering the possibility of letting users use stablecoins for placing bets and convert stablecoins into $BETU under the hood in the smart contract if needed?

Thank you!

Paul Rogash ; Yes. BETU tokens power the entire ecosystem.

All Bets, winnings, bettering rewards, burning, staking, whale holder benefits and staking is with the BETU token.

This is how we can generate enormous demand for the token.

The more people bet, the more demand on the token.

and

The more people bet, them more BETU will be burnt

Mary | Satoshi Club: And you can connect non cryptospace and crypto with partnerships😀

Paul Rogash: People will be able to deposit crypto BTC, ETH, USDT etc and that will be able to be swapped to BETU within the platform.

Same with Fiat, you will be able to onboard with with Debit/Credit card and then purchase BETU tokens to start betting.

No we are not considering using any other currency to bet other than BETU tokens.

Yes the price will fluctuate and that adds to the betting experience.

Gold Rocket | Satoshi Club: I think this is fair and justified.

Paul Rogash: USDT will be able to be converted to BETU from within the dashboard, but not for betting.

Gold Rocket | Satoshi Club: thank you very much for clarifying this point

Mary | Satoshi Club: As i know work with fiat often requires KYC verification

Paul Rogash: All bettors must pass KYC.

Q5 from Telegram User @yellowchamp

Some of the features of BetU that interest me are that BETU Tokens are burnt after every winning bet & if bettors attempt to cheat and Whale holders will pay zero winning fees. So,why do you need to burn some tokens after every winning? What impacts does it bring to BetU platform? How will you determine if some bettors is cheating? Do you plan to penalise those cheater bettor in your platform or do you give warning to them to avoid for them to do it again? Speaking of whale holders,why you will not charge them winning fees if they win? Is it not unfair to some small holders in your platform? Thank you

Paul Rogash: There are two aspects: The purpose of burning the tokens is to have a constant deflationary supply.

Which benefits all BETU holders.

For peer to peer bets their is a 1% winning fee, and of that 25% is burnt.

For traditional bookmaker bets their is a built in margin to the odds and 25% of any profit is burnt.

So it is always giving back to BETU holders and reducing supply.

Whale holders will help drive the price up, so it is important to incentivize them.

Like most businesses you reward your best customers.

Mary | Satoshi Club: As i know whales like to play, there are bears and bulls😀 how much you bet that you will onboard bull whales?😉

Paul Rogash: Regardless of bear or bull, people will always bet.

Gambling is one of the oldest industries in the world and it is only growing every year 😉

Mary | Satoshi Club: Ahaha, that’s true 🔥

Paul Rogash: Over 1.6 billion people bet each year.

25% of the population.

Mary | Satoshi Club: Wowwww!

Gold Rocket | Satoshi Club: yes it’s incredible

Q6 from Telegram User @surendra040

2.5% of Total supply was sold for a $0.015 in presale and 25% of total supply is allocated for public sale . I read on your website whale holders will pay zero winning fees . Whales are likely to have in many projects who are early adaptors. What % of supply should a whale holders need to hold and how is governance system work for whale holders? You also have a public sale bonus upto 25% . How will you prevent the whales to dump the token price and will not this affects in the sustainable growth of your project in the long run ?

Paul Rogash: Whale holders will need to hold 1million BETU.

The whale holder is just a benefit, they still need to place the correct bets.

Governance is based off voting from all holders, not just whale holders.

Whales like all projects will be able to sell. Just like Satoshi could sell any day and crash Bitcoin.

We are introducing a staking program of 7.5% of the supply in the first year to incentivize people to hold.

As we build our userbase and betting demand, I don’t see any whale holders impacting the sustainable growth. It’s all about customer acquisition.

The more customers we can acquire who bet, the greater the demand on BETU.

Mary | Satoshi Club: Everyone can stake? How much can we earn? Will profit be different for whales and ordinary holders?

Paul Rogash: This also why we are building the interactive Casino, so even people who don’t bet on sport or esport, can utilize the BETU token.

The APR will be the same for everyone.

Mary | Satoshi Club: Great!

Paul Rogash: We will have various staking programs with different exchanges in the first year, which will have various APR. Everyone will be on an equal playing field.

Ok. Before we get on to the next section.

We are going to do something different.

Mary | Satoshi Club: We will be waiting for updates from you 😉

Paul Rogash: We have regular giveaways on our social media based on sport and esport.

Part 2 — live questions from the Telegram community

Q1  from telegram username @BJosefina61

about placing bets, is there a limit per user or per sport? How would you prevent users from placing dozens of bets as a spa, or do you think that the more bets, the better for everyone?

Paul Rogash: The more bets the better, the more bets the bigger the demand on BETU tokens.

Q2 from telegram username @KhaleesiTheCryptoLady

What is the age requirement in using the platform? Do users will have to perform KYC before playing in BetU?

Paul Rogash: All users must be over 18 years old and all bettors must pass KYC.

Q3  from telegram username @sirdefi

🥇 How can I create a bet on Betu? Could you explain the steps for this? Do I have to have a certain amount of $BETU to do it?

Paul Rogash:

Q4  from telegram username @ethcypheropunk

What system does BetU use to confirm the results? If there is a controversial result or a change in results after the events are over, how does BetU resolve this situation?

Paul Rogash:BetU has feeds to BetRadar – https://www.betradar.com/

  Payout of bets won’t be made until results are confirmed by the event holder. Eg: the NBA or EPL.

Q5  from telegram username @highpee

🙋‍♂️🙋‍♂️Hello $BETU

Your REFERRAL PROGRAM says users can earn 2.5% of what the other person buy. Is this referral bonus capped? If I refer 100 new members, will I get the 2.5% bonus on all of them altogether? Also, will the 2.5% reward only apply to my referral first purchase only or I can earn this reward continuously?

Paul Rogash: Yes you can earn 2.5% on what the referred person buys.

There is no cap and it is payable on all purchases.

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/

Chinese Telegram group: https://t.me/satoshi_club_cn/

Indonesian Telegram group: https://t.me/satoshi_club_indonesia/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/                  

Our partners:

Telegram: https://t.me/betucommunity        

Twitter: https://twitter.com/betuglobal

We are pleased to announce our next AMA on August 22nd 2021 at 05:00 PM UTC Time: Satoshi Club x Caliente.finance

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

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

Part 3: 300$ – A quiz about Caliente.finance

For more details:
Caliente.finance Website – caliente.finance
Caliente.finance Telegram – @CalienteFinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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 Liti Capital and our guests was @dvkay1979. The AMA took place on 15 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

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

D. | Satoshi Club: today our guest – @dvkay1979 ! 🙌

hello! we glad to have you here 😊

how are you doing today?

David Kay: great!

Mary | Satoshi Club: Welcome to Satoshi Club 😀

David Kay: and I’m so glad to be here.

Thanks so much. It’s an absolute pleasure and privilege to be able to present in front of your community

Mary | Satoshi Club: We are also happy to have you here today 👍

And… Let’s start our AMA 🚀

Could you please introduce yourself and tell us more about Liti Capital 😀

David Kay:  Absolutely.

My name is David Kay, and I am the Executive Chairman and CIO (Chief Investment Officer) of Liti Capital.

We are the next generation of Fintech. We are the first Private Equity fund to be launched and run through the blockchain. Our view is that the returns that come to investors thru private equity should no longer just be offered to the 1% – its time to democratize private equity. Liti Capital is the first, and only, private equity for everyone!

 I would also note that today is a somewhat special day to be here….we actually just announced this morning our first listing on a centralized exchange!

After more than tripling since our launch last month, we are not going to start trading on HitBTC on Tuesday morning.

Done.

D. | Satoshi Club: this is awesome news 👏👏 congrats !

David Kay: Thanks so much! Just the beginning.

Mary | Satoshi Club: Nice choice! Can you give us more details about upcoming listing 🤩

David Kay: For sure!

We just announced the listing of the $wliti token 2 hours ago for our community.

Deposits for trading will be allowed starting Monday, and we will be live for trading on Tuesday morning.

HitBTC is so excited to have us that they agreed that we would be the only new token listed this week. Can you believe that?!?

Mary | Satoshi Club: Awesome 👏

David Kay: We also are launching a 2,000,000 wliti trading reqard program 4 days after our listing.

Mary | Satoshi Club: Unbelievable! They know what thay are doing 😉

David Kay: That’s $60,000 USD of rewards for people who trade our token.

So…..that’s fun.

Done

D. | Satoshi Club: 👍 what pairs for trading will be available btw?

David Kay: That’s a great question. I believe both ETH and BTC, but I will have my team confirm!

David Kay: done

Mary | Satoshi Club: 👏

D. | Satoshi Club: nice! that’s a top pairs 👍

David Kay: Wait!

hold up!

I just was told….wLiti/USDT and wLiti/BTC

Those are the two pairs.

 (That’s why its so important to have a great team there to support me….)

Done

Mary | Satoshi Club: Cool 👍 And let’s go back to the intro😃 could you tell us more about the team behind Liti Capital and their experience?😉

D. | Satoshi Club: one pair to btc and one to stablecoin! that’s even better 👌

David Kay:  Sure thing.

My background is actually in private equity. I founded and ran a $1b+ private equity firm in NYC for the last 10 years.

Jonas, my CEO, founded and ran one of the largest intelligence firms in Europe. We are quite a pair.

We. Don’t. Mess. About

Andy is our COO. He’s a top data scientist and one of the best operational partners we could ever have. A true pro.

Mary | Satoshi Club: Wow, awesome background!

David Kay: Jaime heads up our Technology, and he is an absolute genius. More degrees than we have time.

But most importantly, our entire team has done this before. We have all built and managed successful businesses with fiat, and made money for investors. And now we are taking those skill sets and applying them to the blockchain.

Mary | Satoshi Club: It seems that your team has everything to reach success 👍

David Kay: We know how to do this. We are the next generation. We are not a currency, but rather – we are a business. One that operates, that is transparent, and that will make money for our investors.

For sure.

Done.

Mary | Satoshi Club: Agree with you😀

Thank you for your intro, David!

David Kay: No problem!

Mary | Satoshi Club: We choose 6 questions from our community for the first part of our AMA 😀 are you ready for them?

David Kay: Can’t wait. Hit me!

D. | Satoshi Club: 🚀 appreciate for awesome intro! let’s open the first part 🙃

Q1 from Telegram user   @jodasf

I read that Liti Capital is making a game changer for litigation funding, but what are the differences that Liti Capital has with respect to traditional litigation funding, what are the changes that you think traditional litigation funding needs today and what are the innovations that Liti Capital will, of course, introduce in the litigation funding segment?

David Kay: We’re actually very similar to traditional litigation funds, only better in a bunch of ways.

Access to private equity funds like litigation financing have historically been restricted to so-called “accredited investors”… Because of this, the highly profitable litigation finance industry has been made exclusive to the top 1%. Here is where Liti Capital comes in. Thanks to blockchain technology, our equity token creates the opportunity for anyone to invest. It doesn’t matter if you have $100 or $1,000,000. We’re giving access to retail investors to invest in this once-exclusive industry. We’re disrupting the industry by making private equity available to all!

This about it this way… litigation finance has been on of the top performing asset classes in the world for the last 15 years, but most people haven’t heard of it. Do you know why?

Bc of what I just said – it’s only been available to people that have more than $1mm of liquidity.

Not anymore.

The key to what we are doing isn’t so much that we are going to change the litigation financing process itself. Litigation financing is an asset backed strategy that generates 30-50% annual returns….We love that!

What we are doing that’s really going to change the game is to bring those returns to everyone.

Some of the dumbest people I know have more than $1mm of liquidity

and some of the smartest people I know have less than $1mm of liquidity.

The democratization of finance, and of private equity, is here – and Liti is leading the way. Whether you have $1 or $10,000,000 – you are welcome here.

D. | Satoshi Club: yes we can often face such a things in life  😄

David Kay: Done.

Mary | Satoshi Club: I can guess, that we are still from that 99%🤣 can you explain to our community more about litigation finances and how this system works? May be on one small example 😀

David Kay: Sure.

Let’s say HugeCo came and offered you $20mm for your telegram channel. Amazing right?

Now – let’s say that there was a provision in that contract that said that if they determined that you did something untoward in the money before the sale – they got to keep your telegram for no money.

And you….wait for it…..got a speeding ticket.

And now HugeCo is saying this telegram channel is now theirs. And you get exactly zero dollars.

What happens?

It will take $2-3mm to fight HugeCo. What do you do?

The sad reality of it is that most of the time HugeCo wins.

But that’s where we come in…

For those people that don’t have the $2-$3mm to fight HugeCo and have been wronged – we come in. We provide that $2-3mm.

And in exchange we get a % of the upside. So in your case, let’s say 30%…

Now we stand up and fight HugeCo – and (obviously) we win.

Now, instead of nothing, you make $14mm. Pretty good, right? Especially when you take no risk!

And Liti makes $6mm – not bad either!!

That – in a nutshell – is what litigation financing is….and how we make money.

D. | Satoshi Club: very clear example 👍

David Kay:  Thanks!

Mary | Satoshi Club: Thank you! Awesome explanation! Now everything is clear for me 😀

And i hope for our community 😜

David Kay: me too!

Mary | Satoshi Club: David, are you ready for the next question?

David Kay: yes!

D. | Satoshi Club: 🚀🚀🚀🚀🚀

Q2 from Telegram user @UplineStephen

Liti Capital has created two tokens that work together as one to make the litigation finance and the company’s shares avaliable to investors. The launch of LITI and wLITI tokens allows any investor to engage in the high-performing litigation finance market previously only available to elite investors. However, unlike wLITI tokens, I noticed that investors can only purchase the LITI token by passing KYC. May I ask what is the main dfferences between the LITI token and the wLITI token? Also, why is it the LITI token requires that an investor passes KYC before buying but wLITI does NOT require KYC?

David Kay: Although we’re on the blockchain, Liti Capital is still a real company, regulated by Swiss law. Being regulated means that we have to comply with all rules and regulations set forth by them, including the requirement for KYC to own company stock, or in our case, the LITI token.

Creating the wLITI token was the answer to providing access to everyone. This wrapped version of the LITI token is directly tied via a smart contract at a ratio of 1 LITI: 5000 wLITI. With wLITI, you can invest and trade on centralized and decentralized exchanges with ease, never having to worry about KYC.

This structure will be the future. Remember, we are NOT a currency. We are a real company. We have offices, we generate revenue (and hopefully lots of $ for our token holders). Our value doesn’t actually go down if BTC goes down! Imagine that?

“Real” businesses that are more safe, and more stable, are coming. We are one of those businesses.

But all those benefits also mean that we need to follow the rules. And those rules are what require us to have two tokens.

David Kay: Critically tho, they are reflections of each other. I like to think about it like pizza.

The liti token is a large pizza, the wLiti is 8 slices of pizza.

They are just two diff ways of talking about the exact same thing.

wLiti’s can be exchanged on our website to Liti’s in under 30 seconds (try it!). And Liti’s can be turned into wLiti’s in the same amount of time (seriously, try it!).

And you can do it as many times as you want!

I hope that helps!

David Kay: Done.

Mary | Satoshi Club: You’re on Ethereum blockchain?

David Kay: Yep.

ERC 20

D. | Satoshi Club: but why you decided to use Ethereum for your token? it’s the most expensive blockchain for transactions

Mary | Satoshi Club: Don’t you plan to expand your pizza slices on another blockchains?😀

David Kay: It’s the most commonly used. Our goal is to be private equity for everyone – so we wanted to make sure we were available to as many people as we could.

Having said that, you are right….and that’s why we are so excited to announce today that we are also being listed on HitBTC. The fees on that exchange are extremely low.

Absolutely. Check out our telegram. When I tell you this is just the beginning….i’m not kidding around.

I would also very much encourage people to take a look at our chart. Stability and consistent growth are not just words we use.

Even when ETH has taken a hit, we have stayed solid.

If your community does only one thing after this AMA – Look. At. Our. Chart.

Consistency, stability, and growth.

Mary | Satoshi Club: Do you have picture of your chart?😉 Or link?

David Kay: It’s time for everyone to have at least a part of their bag in a place that you don’t have to have a lump in your throat when you wake up every morning.

Done.

Let me get a link for you.

https://www.dextools.io/app/uniswap/pair-explorer/0x5ac9ead73344718dca963f44af960e04f168bd65

Mary | Satoshi Club: Nice dext score👍 and chart🚀

David Kay: Awwww…..you are going to make me blush

we are very proud of what we have accomplished.

D. | Satoshi Club: agreed, 99% 👀

David Kay: But it’s just the start.

Q3 from Telegram user  @KathDM

In the hypothetical case that I am a small business owner and I want to sue a large and well-known company, but I don’t have the money to pay outstanding lawyers … how could Liti Capital help me? What tools would you offer me? I read that Liti Capital can pay for the case. So how does Liti Capital make a profit? Will Liti Capital pay 100% of the case or only a percentage? Would I have to pay a percentage too?

David Kay: Great question. Thank you.

First, I would encourage you to take a look at the example I gave the moderators with the hypothetical sale of their telegram channel.

But the sad truth is that without organizations like Liti Capital small businesses or individuals often don’t even have the chance to go against large corporations, not even hypothetically.

These “HugeCo”s have such huge financial backing that an attempt to file suit against them means you have to be ready to spend extraordinary amounts of time and money. Since 90% of people and small businesses can’t even take that first step, they give up altogether. The remaining individuals that do pursue the legal route end up giving up because of extremely litigation high costs or settling for way less than they deserve.

Liti Capital makes it so that the little guys have a fighting chance. When we step in, these corporations’ behavior changes. We see settlement offers increase many times over just by people signing on with us. This is a win-win because if someone was offered $1M to settle before we come in, now with our financial backing, they 10x that to $10M, we can take a percentage of the earnings and still leave the client with more than they would have received otherwise.

This doesn’t even consider the fact that when we say no to settlements and move forward to complete litigation, the rewards at that point are extraordinary. All of this comes at no risk to the client since we’re only taking a percentage of the litigation’s financial outcome.

David Kay: But – this part is important:

It is at NO COST TO YOU. And no risk.

If we were to lose, it costs you nothing. We take on 100% of the cost and risk.

That’s the deal.

Hope that helps.

Done.

Mary | Satoshi Club: Awesome!

Of course i hope that we won’t need your services, but in case we know what to do😄

David Kay: Exactly. We are the break in case of emergency, hope you never need us, guys.

BUT – if you invest in us, we are also the make you tons of money crew.

Q4 from Telegram user @Right_clicK1

It is well cleared that Litigation funding is available in both commercial and consumer applications. In a case where this funding is been used in a large scale and complicated corporate disputes that are highly valued which can possibly cause breach of contract directly to bankruptcy or antirust, what kind of help can Liti capital render in this case? In order to avoid a result of copyright or trademark infringements, how can we make use of the features in your project to serve as refuge?

David Kay: Liti Capital is a for-profit company, and believe me when I say profit.

When it comes to cases, we diligently research every possible aspect of the situation before signing on. Our goal is to win cases and generate profits for our share; I mean TOKEN holders 😊.

I’ll be honest with you, I thought I was done with litigation finance but came out of “retirement” (but critically, not the Jordan into baseball type, more the Jordan back to crush the NBA model…) to make an impact and a difference in how private equity happens.

The industry has one of the highest returns, with an average of 50% cash on cash returns. I’ve managed a portfolio worth well over $1B, I know how to navigate the industry, and we are certainly playing to win. Now, here’s where people are taken back. Liti Capital will use 20% of profits to grow the business, and 80% will be given back to investors in dividends.

So to more specifically answer your question, every case is different. We have the in-house and external expertise to analyze any case to ensure the best possible outcomes of a favorable outcome.

I will leave you with this….both me and my team go to bed at night, and wake up in the morning thinking only one thing: How are we going to make money for our token holders today.

David Kay: Done.

D. | Satoshi Club: i have lil off topic question, do you have any future ideas how to implement NFTs in your project? are you planning to do so? or you not work with that subject?

David Kay: That’s actually a great question.

We are in the process of doing just that.

We will have a number of one-of-a-kind products available from two sources:

1. There are some well known celebrities that are holders, and who have expressed an interest in doing some fun NFTs for the community

D. | Satoshi Club: nice

David Kay: 2. We are planning to offer some of the judgements and bank accounts of the people that we go get money from as unique NFTs for our community.

Mary | Satoshi Club: Are they your litigation clients?😉

David Kay: I can’t disclose that one yet.

But I will say this…..keep your eye on our socials this week.

Mary | Satoshi Club: Gotcha 😄

David Kay: Your question is going to be answered for everyone before friday.

I’m actually a little concerned you guys over here at Satoshi are bugging our offices….

D. | Satoshi Club: haha 😄

David Kay: Or maybe scared?!?

hahahahaha……

Q5 from Telegram User @Cheriemike

While reading about your platform,I notice that Liti Capital has found and identified the perpetrator of a cryptocurrency scam.Many people have lost fund in the cryptospace to scammers having you Liti Capital is a bright light to the crypto world etc.How were you able to do that?What tools were deploy to identify and pursue crypto scammers?And what percentage are being given to community members that were victims of Crypto Fraud?

David Kay: Jonas Ray, our CEO, is the founder of Athena Intelligence, one of the world’s most prestigious private intelligence firms. He’s Liam Neeson from Taken but for assets. Identifying assets and proving their ownership and value, taking into account both jurisdictional enforcement and hidden ownership, is a pilar he built his intelligence firm on.

So if you’re a crypto scammer, know this:

Jonas has a very particular set of skills, skills acquired over a very long career, skills that make him a nightmare for people like you.”

D. | Satoshi Club: lol i have seen that movie 🤣

David Kay: Although we are a  for-profit business, we believe that it’s our responsibility to give back to this wonderful community.

As such, we have made an unprecedented commitment. We are committed to using 5-10% of the company’s profits to go after scammers in the blockchain space, at no cost to the victims. This is our way of helping to clean up and support this ecosystem that is supporting us.

Then you will love this: https://www.youtube.com/watch?v=KR6M-isqo1s&t=25s

And this:

David Kay: And maybe even a little of this:

If you want to see what happens – in real life – to people that mess with our community…take a look at that.

And that was all accomplished in 48 hours.

We don’t play around.

Mary | Satoshi Club: According to the latest statistics, most of the products are not even on the benches, but on the khakis. Tell us, how safe is Liti Capital? Did you pass audits?

David Kay: We are a serious group of professionals. And we have been doing this for the better part of the last 10 years. We may be newer to crypto, but we are old hands at tracking down “bad” people and getting money for our investors.

David Kay: Of course. Take a look at our website liticapital.com

We have all of our information there.

We pride ourselves on being a “safe” place to invest.

That’s our number 1 priority. Period.

Mary | Satoshi Club: Thank you for your detailed answers!

David Kay: of course!

Mary | Satoshi Club: And only 6th and last question left from this part 😀 Ready for it?

David Kay:  yessum

Q6 from Telegram user @Highpee

$LITI is an equity backed token and grants holders governance right by giving them the ability to have a say on your company governance and community orientation. What are these range of actions that users will able to govern and how many tokens are required to participate in governance ? In addition to this, you said you have a board directors that has veto right on some matters irrespective of what community wants. Apart from the core team members, who makes up the board of directors and why are they given a super veto power? Under what situation can this board apply a veto?

David Kay: Community participation is essential to us. We set up scamburster@liticapital.com as a way for the community to reach out with scam cases. The response has been overwhelming and, honestly, sad. It breaks my heart to see so many people being taken advantage of in the crypto space.

I wish we were able to go after each one of them, but the emails don’t stop coming in . Because of the sheer number of requests we have to narrow it down; this is where the community comes in. Token holders will have the ability to vote on cases they would like Liti Capital to pursue.

Now yes, the board does have veto power because we have a fiduciary responsibility to shareholders. It’s our responsibility to ensure we are doing what is best for our community.

Said another way – this goes back to us being a “real” company.

Company’s in the non-crypto world are run by the board of directors. So are we.

That board is elected by its shareholders.

Here – we were elected by our token holders.

And we will either act in the best interests of those token holders or they will replace us with someone who will.

The truth is that while we need to replace a lot of the “old” way of doing things, there are some things that have worked extremely well for hundreds of years…..you know that old saying “don’t throw the baby out with the bath water”?

That’s how I feel about the board structure. It works. We are responsible to our token holders, and we answer to them. To all of you. To our community.

And you have my solemn promise of this…as long as I draw air as the executive chairman of this company, we will work every day with only one thought in mind: how can we make money for our tokenholders today.

Mary | Satoshi Club: How many tokens should i hold to participate in the governance?

David Kay: You can do so with only 1 Liti token.

All you need is one.

Every token holder matters.

Mary | Satoshi Club: Wow!

David Kay: Yep.

Mary | Satoshi Club: Is governance function live now?

David Kay: Yes. It’s a Swiss company, so we have been implementing those functions since day 1

Mary | Satoshi Club: Super!

David Kay: Another good example of the benefits of being a “real” company in the blockchain.

Yep – you are my boss!

If you buy a token!!!

😉

Done.

Part 2 — live questions from the Telegram community

Q1 from telegram username @Shaa93

Liti Capital is a Swiss Limited Liability Co specializing in Litigation Finance and FinTech based out of Switzerland. What is current “litigation assets” of Liti Capital?

David Kay: Wow. What a response.

This is a great question.

We have already raised more than $20mm, and we have already invested in multiple cases. This (very short) video goes through exactly what those assets are – and how they are valued. Even more importantly, it explains how we create value for our token holders.

Take a look:

Q2 from telegram username @Righteousness

What plans do you have on expanding your pizza slices on another blockchain in the next future? How can this benefit the users

David Kay: I’m never going to live down that pizza reference, am I???

We have expansive plans on that point. It’s a critical one. Our goal is to be private equity for everyone, and in order to do that we need to make sure everyone can find/buy us.

We just announced HitBTC today! But that’s just the start. We are going to have multiple additional announcements THIS MONTH on how we are going to expand even futher.

Yes – you heard that right: THIS MONTH. And yes, I am aware its august 15th

Q3 from telegram username @josephsin27

How did you meet Jonas Ray? Is this a coincidence or do you already know each other? @dvkay1979

David Kay: Now this is a story in-and-of itself.

Honestly, nothing would make me happier than to answer this question….but Jonas has sworn me to secrecy.

But how about this?? I am offering a $100 of wLiti bounty from my own bag for the person that gets Jonas to ok me to release THAT story to the public.

Q4 from telegram username @yellowchamp

So,can you explain more about the case life cycle that your platform is working with? What kind of cases you are trying to solve in crypto industry?

David Kay: Thanks for this question. As the person primarily in charge of building the portfolio, I very much appreciate this question.

I am constantly trying to balance the types of cases we bring on to ensure that we maximize cash flow, and minimize risk.

I generally try and take 20% of cases that are in an early (or exploratory phase), 20% of cases that are in the middle phase, and 60% of cases that are readily developed.

Q5 from telegram username @xperia3

Hi! 💹

Do Liti Capital Hiring? I mean more than an ambassador, do you look for full time community managers, translators, or developers for your main team?

@dvkay1979

David Kay: Yes!

We are actively looking for high-quality people.

We are growing so quickly, and we need people in almost all of those areas.

Please find us:

t.me/Liti_Capital_Official  

linkedin.com/company/liti-capital/

twitter.com/liticapital

instagram.com/wlititoken

liticapital.medium.com/

And drop your information (or even just a witty comment)

Q6 from telegram username @nadee5

@dvkay1979

What  are  the  REQUIREMENTS  to  join  Trading rewards  $wLiTi?

David Kay: There are no requirements.  Just sign up to HitBTC and start trading. We will do the rest!

Q7 from telegram username @highpee

👋👋 HELLO

It is said that $LITI can generate ATTRACTIVE ROI in both bear or bull market because its business modalities has no correlation with the general market. How will you generate high returns and be able to pay high dividend to the tune of 80% to your token holders? What economic model will $LITI use to achieve reliable price appreciation and  continuous income distribution at all market season?

David Kay: This is another great question. And you are 100% right.

Litigation financing is not correlated to the broader market. Those case examples I gave before, and the returns that come from them, don’t change based on the price of BTC or ETH.

We are different. We are safer.

Q8 from telegram username @Guandog

On your website it says that 5000 wLITI = 1 LITI, I would like to know if this equality or parity will be adjusted by the market or Liti Capital is in charge of maintaining the peg?

David Kay: This WILL NEVER CHANGE. Ever.

Locked for life.

Q9 from telegram username @messilolz

you mentioned that listing of $wliti token was done 2 hrs ago so what exchanges I can buy $wliti token for now?

David Kay: Today we are available on Uni Swap. Go – join us!!!

Starting Tuesday morning we will also be available on HitBTC.

Jump into these groups, and we will keep you posted on everything:

t.me/Liti_Capital_Official

linkedin.com/company/liti-capital/

twitter.com/liticapital

instagram.com/wlititoken

liticapital.medium.com/

Telegram (http://t.me/Liti_Capital_Official )

Q10 from telegram username @KhaleesiTheCryptoLady

Liti Capital is a real company; how did you deal with regulation when you decided to incorporate blockchain? When did you begin to tokenize your company?

David Kay: This is not a one time process. We deal with this every day, every week.

We need to make sure you make money with us no matter what the environment is, and ensuring we are compliant with regulations is a top priority with us…always.

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/

Chinese Telegram group: https://t.me/satoshi_club_cn/

Indonesian Telegram group: https://t.me/satoshi_club_indonesia/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Our partners:

Telegram: http://t.me/Liti_Capital_Official         

Twitter:   https://twitter.com/liticapital

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 Pyromaniac and our guests were @PyroManny, and @PyroMike_Founder – representatives of Pyromaniac. The AMA took place on 15th of August.

The total reward pool was 500$ and has been split into 3 parts.

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

Part 1 — introduction and questions from the Website

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

Gold Rocket | Satoshi Club:
Hello again, dear Satoshi Club community!

Today our guests are @PyroManny @PyroMike_Founder

Hello and welcome to Satoshi Club

PyroManny (WILL NEVER DM FIRST):
Hi everyone! Great to be here today! 😊

Mary | Satoshi Club:
Welcome here 😀

PyroMike (WILL NEVER DM FIRST):
Hey guys – thanks for having us here today!

Mary | Satoshi Club:
Hello, happy to e-meet you 👍

Gold Rocket | Satoshi Club:
How are you doing 😁

PyroManny (WILL NEVER DM FIRST):
Pretty good thank you! Excited about what’s to come and looking forward to seeing the communities questions – how are you today?

PyroMike (WILL NEVER DM FIRST):
Doing good – super busy getting the project launched at the moment but equally excited!

Mary | Satoshi Club:
We are great! Excited to know more about Pyromaniac! So, let’s start our AMA 🚀

Could you please introduce yourself and tell us more about your project 🙂

PyroManny (WILL NEVER DM FIRST):
I’m Manny, I’ve been in Sales and Recruitment for the better part of the last decade. I help organize the strategic partnerships for our project. We’ve secured our first donation partner – Save the Children, and a Senior Representative will be in our Telegram Pre-launch to talk about their project. We are working on bigger and larger names to get Pyromaniac to exposure it deserves!

Mary | Satoshi Club:
How did you get into cryptospace?🙂

PyroMike (WILL NEVER DM FIRST):
Hi guys, and thank you for having me here today. My name is Mike and I’m from London, England though I now live in Thailand. My background is in marketing and I’ve been involved in cryptocurrency for around 7 years now. We have a team of 7, all with professional expertise in their roles – including business development, graphic design, 3D modelling and social media.

We started the project because we feel the world is broken and the people have been forgotten. Mainly the rich people/companies and governments benefit whilst millions of people are living in poverty, starving and can’t get access to clean drinking water. It’s an unjust system and our aim is to put the power back into the hands of the people as we believe when we act collectively, we can reach our aims.

The project is centred around NFT collectible characters, each of which have a special ability that correlates with a charity sector. They will use their powers to help those that once faced the same problems as them. Each week, we will release a new character and charity partner. At the end of that week we will donate 25% of the NFT sales plus 2% of all transactions of our token.

We also have 2 weekly lottery draws: BNB and NFT. And a launchpad coming in phase 4!

Here is an example of one of our NFT collectibles

Mary | Satoshi Club:
It’s so cute 😍

PyroMike (WILL NEVER DM FIRST):
🙏🙏🙏 Thank you

Mary | Satoshi Club:
When did you start Pyromaniac project? Who is in your team?🙂

Gold Rocket | Satoshi Club:
Amazing!

Guys you have a great experience and great goals!

Tell us a little about the team that helps you get things done.

PyroMike (WILL NEVER DM FIRST):
We started working on the project around 4-5 months ago.

The team is made up of 7 core members who each bring an important skillset to the table.

I’ll post our team page so that you can get to know them a bit better

PyroMike (WILL NEVER DM FIRST):

Gold Rocket | Satoshi Club:
Btw very beautiful girl 😍

PyroManny (WILL NEVER DM FIRST):
We’ve been in crypto for about the last 8 years, got into it just like everyone else did – not knowing anything about it and thinking what is this! Since then we have evolved and learnt a great deal over the last 5 years, especially in the BSC space. We are working with a specialised marketing team which helped promote SportemonGo and UltimoGG, we have a huge list of connections regarding crypto influencers and we are building a much bigger brand! – I’ll leave @PyroMike_Founder to lead the answers moving forward!

Mary | Satoshi Club:
Great background!

Thank you for your intro, guys!

PyroMike (WILL NEVER DM FIRST):
Sorry, I deleted our NFT artists accidentally!

Yes, and a very talented artist too

Gold Rocket | Satoshi Club:
Thanks for sharing❤️

Mary | Satoshi Club:
It’s a crime! She is so beautiful 😂 and her NFTs as well👍

Btw, we choose 6 questions from our community for the first part of our AMA! Are you ready to start with them?🚀

PyroMike (WILL NEVER DM FIRST):
Yeah – Let’s do it 😁

Q1 from Telegram user @ItsMelissa3
Can you share more details about the pre-sale of the Pyromaniac token? When will the pre-sale be announced? Have you already been in contact with the platform where it will take place? Will there be a minimum or maximum number of tokens that each user can purchase? In some pre-sales, it is a requirement that users must do KYC. Will it be a requirement to do KYC for the pre-sale of the Pyromaniac token?

PyroMike (WILL NEVER DM FIRST):
Thank you for your question @ItsMelissa3

The public presale will be held on our website as we want to avoid bots. The max purchase will be 2 BNB per wallet so that we can ensure no whales. KYC will not be required.

There is also a private sale round whereby you can win a spot via our promotional group or sweep widget campaign which you can see here https://sweepwidget.com/view/29552-exz13tvm

Gold Rocket | Satoshi Club:
What are the requirements for participants?

Mary | Satoshi Club:
Do you have an anti-bot system? Because bots are a big headache now

And will you have whitelist or everyone who wants can participate?

PyroMike (WILL NEVER DM FIRST):
For the private round there are two separate scenarios.

1. The pyro hype group – There are 130 whitelist spots available for the top 130 most active community members plus cash prizes for the top 15. The goal is to incentivise people to share our project as much as possible and then reward these people for their hard work and loyalty.
2. Sweep widget campaign – 20 whitelist + NFT prizes for the top 2. Here – users just have to interact with various social media to earn points. The top 20 contestants get a whitelist spot here

Yes, this is of the utmost importance to us as we don’t want the project to be wrecked by bots before it even gets started.

We will have low max transactions plus a low max holder percentage at launch.

We are also looking at whether to add no buys in the first 5 blocks so that if any bots do get in – they can’t get in ahead of humans and ruin it for everyone!

Whitelist for private round.

Public will be open to all! 😁

Mary | Satoshi Club:
🆒

Gold Rocket | Satoshi Club:
Thanks a lot for the answers!

Mary | Satoshi Club:
Thank you for your answers! Ready for the next question?🎉

PyroMike (WILL NEVER DM FIRST):
You’re welcome 😁 Yeah, of course – go-ahead.

Q2 from Telegram user @Highpee
Looking at your roadmap, Pyromaniac has a plan to launch its own launchpad by Phase 4. When do you estimate that Phase 4 will start and which phase are you in presently? What rigorous testing mechanisms will PyroPad use to promote projects that are equipped with quality and devoid of scam tendencies on its launchpad? What will be the required amount $PYRO that users must hold in order to gain exclusive sale benefits from PyroPad?

Mary | Satoshi Club:
👀

PyroMike (WILL NEVER DM FIRST):
Thanks for the question!

Right now, we are in between phase 1 and 2 as we are yet to launch.

With regards to the launchpad – we’re looking to have it released within the first 2-3 months of launch – though we are also releasing our own NFT marketplace in that time. However, we already have some stop-gap solutions whilst we build the launchpad whereby PYRO holders may still get exclusive access to presales as a utility of our token.

In terms of testing mechanisms – There are 3 key elements

1. Team must be doxxed
2. Contract audited by our developer and a paid audit committed to
3. A member of our team as part of their team to oversee operations until launch – to ensure everything is above board, not to interfere

The amount PYRO users must hold will be determined closer to the time – it’s very hard to make those kinds of estimates before we know what the price of PYRO will be once it settles in the market – therefore we think it’s better to wait – otherwise we could end up making the requirement far too high or low – so it’s important to strike a balance

You can find out more about the launchpad here pyromaniac.io/info

Gold Rocket | Satoshi Club:
Well, you have developed the rules rationally and carefully enough👍

Mary | Satoshi Club:
So, when do you plan to pass audit? Did you already choose audit firm?

PyroMike (WILL NEVER DM FIRST):
The audit I was referring to was regarding a project using our launchpad but yes we will be submitting an audit with tech rate and Certik.

It’s absolutely essential in order to put the community’s minds at rest and give them confidence that they can trust the smart contract

Gold Rocket | Satoshi Club:
Thank you very much for your answers! Don’t forget to share your results with us😉

PyroMike (WILL NEVER DM FIRST):
Of course!

Gold Rocket | Satoshi Club:
Safety first👏👏👏

Ready to proceed to the next question?

PyroMike (WILL NEVER DM FIRST):
Let’s do it 😁

Q3 from Telegram user @orlemys
Pyromaniac is a platform that focuses on NFTs, Charity, and is also a Launchpad. However, as your purposes are varied, the reasons why people invest in Pyromaniac might also be different, one from the other, so I’d like to know if all funds are kept on the same pool, or if there are separate LPs? Also, if users want to donate to a specific cause, are they able to send a suggestion to your team, or able to track the way their funds are distributed, and to what charity they go to?

PyroMike (WILL NEVER DM FIRST):
Yes, our purposes are varied but all feed into our core ethos of giving back to the people and providing a platform where we can help.

There will only be one initial LP pool for PYRO tokens. There will be separate wallets related to these activities through so our community can see exactly what is happening with each.

With regards to causes, we donate to…

The great thing about our project is that we will donate to a new cause each week. Every week, a new and exclusive NFT collectible is launched. Each NFT is a member of the PyroPack, Pyromaniac’s own band of original heroes. The heroes will have their own special ability and unique theme that determines which charity sector Pyromaniac will donate to. The chosen charity will then receive 25% NFT sales plus a percentage of all transactions for that week.

Initially, we will choose the charity as our focus is on building partnerships with charities in order to establish legitimacy and give ourselves exposure.

PyroManny (WILL NEVER DM FIRST):

Mary | Satoshi Club:
That’s really awesome and kind!

PyroMike (WILL NEVER DM FIRST):
So our community will be able to donate to different causes every week!

We will also have weeks where we allow the community to choose the charity by way of a vote.

In terms of the community seeing where the money goes – we will be doing livestreams with our charity partners at the time of donation so that the community can tune in and hear from the charities themslves.

Lastly, we’ll also be doing donations in Thailand and England which the PYRO team will personally do. We’ve actually done one already prelaunch which you can see here

https://www.youtube.com/watch?v=dOB3N6Hx6Ag

Gold Rocket | Satoshi Club:
Please tell me if there is any other use case for your NFT besides those that you have already named

Mary | Satoshi Club:
So, can your users suggest charities or you will choose yourself?

PyroManny (WILL NEVER DM FIRST):
At this initial stage as each character is tied to a charity, its important to have the first few lined up so there is good structure and organization to the early steps of our project.

After this we will open the floor with our characters and we will also have weeks where we allow the community to choose the charity by way of a vote.

Mary | Satoshi Club:
Gotcha 👍

PyroMike (WILL NEVER DM FIRST):
Initially they will be collectibles and act as the mascots for our chosen charities. As we are aiming to build Pyromaniac into a successful commercial brand alongside the project, we believe they will retain significant value in the future.

We also have plans to gamify them but this is further down the road and we have a number of things to complete on the roadmap first!

Mary | Satoshi Club:
👏

Thank you for your answers! Ready to proceed?

Gold Rocket | Satoshi Club:
Great. this is what I wanted to clarify👍

PyroMike (WILL NEVER DM FIRST):
I forgot to mention 25% of their sales will go to charity – alongside 2% of all transactions of PYRO for that week

Gold Rocket | Satoshi Club:
It’s very generous! Nowadays, your project looks very timely🙌

Ready for the next question?

PyroManny (WILL NEVER DM FIRST):
Let’s do it!

Q4 from Telegram User @Cheriemike
Pyromaniac applies a 12% fee to each transaction. 4% is shared amonst your loyal pyromaniacs. 2% is locked and automatically added to the PYRO/BNB liquidity pool, ensuring a stable price floor. 4% goes to marketing & development, ensuring a self-sustainable future for the coin, while 2% goes to charity.My question is,Isn’t 12% too high especially on every trade a user makes?With such high transaction fee, don’t you think it will scare potential investors away?How will these fees help in the long term success of your project?

PyroMike (WILL NEVER DM FIRST):
I think this is a great question and deserves an explanation.

2% being added to charity is obviously key to our project and allows us to donate significant funds to charity and also means our investors are effectively donating everytime they buy or sell our tokens – which I think is a great use case for cryptocurrency.

4% marketing/development – Now, one major issue we have in cryptocurrency is the amount of projects that fade away. The reason is a lack of sustainability built into the project. If you’re marketing and development funds are based solely in your starting token wallets, they will eventually dry up and you’re only option will be to look for new investment. With our 4% tax we ensure long term sustainability.

2% Auto LP – This is just essential to add liquidity to the pool and prevent the coin from huge price dumps.

4% reflections – This is essentially staking without having to do anything so all holders will receive interest on their investment from the first minute!

In my view, all these taxes benefit the holders so despite having to pay 12% initially, they will get their value for doing so. With the reflections alone they are likely to make the difference back fairly quickly. And I think especially with marketing and development – this is so key to the success of a project in crypto due to market saturation so I think it will fill investors with confidence knowing that our project has a sustainable source of marketing and development funds

Mary | Satoshi Club:
Can these fees be changed in the future?

PyroMike (WILL NEVER DM FIRST):
Yes, they can. Over time the LP will become sufficient and will not require the tax so we will remove that. The other taxes can also be changed but that would require the community’s input first

Gold Rocket | Satoshi Club:
Looks like fair enough math 😁

Mary | Satoshi Club:
Cool! Let’s see what will happen in the future!

PyroMike (WILL NEVER DM FIRST):
😆

Mary | Satoshi Club:
Thank you for your answers, guys!

Ready to jump to the next question?

PyroMike (WILL NEVER DM FIRST):
You’re welcome. Thanks to your community for all the great questions.

PyroMike (WILL NEVER DM FIRST):
Yeah, go ahead.

Q5 from Telegram User @Emidm28
I did read that Pyromaniac will operate 2 lottery draws every week: the NFT draw and the BNB draw. What are the steps we must follow in order to participate in each of them? Can we participate in both at the same time or is it only allowed to participate in one? How many NFT’s will be contributed to the lottery draw? How many winners will there be in each lottery?

PyroMike (WILL NEVER DM FIRST):
So the great thing about our lottery draws is you don’t have to lift a finger.

Every holder that holds at least $100 of PYRO tokens is automatically entered into the draw! All you have to do is check our Telegram channel to see if you’ve won.

So by holding tokens you will automatically be entered into both draws each week and will have the chance to win in both!

The BNB draw will have 20 winners whilst the NFT draw will have 10!

The great residual effect of this of course is creating further and consistent engagement in our telegram group whilst also incentivizing people to hold due to the token utility.

Mary | Satoshi Club:
Did you tie the threshold to the Fiat? 🙂 Why?

PyroMike (WILL NEVER DM FIRST):
Here’s another example of one of our NFT’s that you could win in the draw 😁

Gold Rocket | Satoshi Club:
She is a very stylish thing😁

Mary | Satoshi Club:
I keep admiring your NFTs🙂

PyroMike (WILL NEVER DM FIRST):
Good question.

The reason we’ve done this is that if we try to estimate the price pre-launch we might end up making the requirements too high and not allowing many people to be automatically entered. So we decided on fiat threshold to begin with.

Following launch, we will move into converting the threshold into an amount of PYRO tokens rather than fiat

Mary | Satoshi Club:
It has sense 😀

Gold Rocket | Satoshi Club:
Thanks for your answers!

Mary | Satoshi Club:
Thank you for your answers! Ready for the 6th and last question from this part?🎉

PyroMike (WILL NEVER DM FIRST):
Of course – let’s hear it!

Q6 from Telegram User @NataliyaKil
I have read that Pyro token holders will have exclusive access to pre-sales simply by having a minimum amount of Pyro tokens in their wallet for a specified period of time. So how can we get the Pyro token, how much do we need to have and how long do we need to keep it in the wallet to get this access? Will the conditions be constant and the same for everyone, or can they change depending on the amount of token in the wallet?

PyroMike (WILL NEVER DM FIRST):
Thanks for your question.

You can buy the PYRO token at our presale on Friday 20th August, or on PancakeSwap from Saturday 21st – both at 5pm UTC.

Within the first 2 weeks of launch we will also be available on a CEX.

With regards to the launchpad, you will need to have the tokens in your wallet at the time of the snapshot. The amount has not yet been determined as that can only happen once we have a rough idea of a settled market price. Again, we don’t want to set it so high that no one gets access, but likewise we don’t want to set it too low so that everyone can and there is no exclusivity or incentive to hold PYRO tokens.

Conditions will likely remain the same and we will look to reward long term holders too. This will avoid people buying tokens just before presale snapshots and then dumping thm after

Gold Rocket | Satoshi Club:
Gotcha👍

Thanks for your great answers!

Mary | Satoshi Club:
Thank you for detailed answer! We came close to live part now and I want to ask you to share your main links to social channels, so everyone won’t miss any news from Pyromaniac 🙂

PyroMike (WILL NEVER DM FIRST):
Sure – see social links below! 👇

Website: pyromaniac.io
Telegram: @pyromaniacofficial
Twitter: https://twitter.com/pyro_tweets
Instagram: https://www.instagram.com/pyromaniac.official/
Youtube: https://www.youtube.com/channel/UCxkwcZXJNXCadSYfq26nO4A

Mary | Satoshi Club:
Thanks!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Korryl
What is the meaning of your project name Pyromaniac? why do you choose that name ? is there any special meaning behind Pyromaniac name ? any story behind that name?

PyroMike (WILL NEVER DM FIRST):
This is a really important question so I’m glad you asked 😁

We believe the world is in need of change. Establishments around the world put in place to ensure basic human rights are failing. We can no longer rely on them, and we believe a collective people’s movement lead by our cast of heroes is the way forward. Pyromaniac is inspired by the ethos of Guy Fawkes, a modern symbol for fighting against corrupt and failing establishments. We don’t seek to harm though – violence only causes more suffering. We will help via charity donations and sharing business profits with our holders.

We know it’s on the edge, and that’s the point. We’re here here to do things differently. We believe there’s complacency when it comes to charity donating. People want to donate but many don’t. We realise we need to entice people through new avenues. Call it involuntary donating. Ultimately, we are more than a cryptocurrency. We are a movement striving for change.

We’ve had some really great feedback from major charities including: Save the Children, Water Aid and She’s the First who all thought it was a really good idea and unique way of bringing people into charity.

Q2 from Telegram user @Jmagsss
I see that Pyromaniac will be joining and be seen at the upcoming Comic-Con 2022. What can we expect from this initiative?

PyroManny (WILL NEVER DM FIRST):
We are looking to expand into Comics before the turn of the new year. We have already reached out to Comic-Con London 2022 and are looking to be part of the hosts there.

We already talking to some high-level creative consultants who incidentally worked on the Marvels/ Netflix Luke Cage & Jessica Jones will be assisting us on this project.

Developing deep into the back-stories of all our characters we are truly building a brand with the NFT’s just being the beginning. We will be expanding into Action Figures, Comics, and more – all which we will look to present at Comic Con 2022. From our commercial profits, a portion of this profits will be shared with our PYRO Holders.

Q3 from Telegram user @Hendralinn
Many investors hit and run in the sell and sell session after listing on the first exchange,How did your project prevent early investors from selling their tokens and what benefits you would give them ?Thanks.

PyroMike (WILL NEVER DM FIRST):
Great and very important question.

We are well aware of this and we have a number of contingencies in place.

Firstly, we have set up a few forms of utility from day 1 including reflections & lottery donations.
Secondly, we already have a number of significant charity partnerships lined up which we can announce to fuel new investors and marketing materials when needed.
Following these activities, we will be nearer to launching the NFT marketplace and following that the launchpad.

Effectively, there will always be something just around the corner to incentivize people to hold.

Q4 from Telegram user @Wong2008
I want to know more about your charity program, can you give me an idea about what kind of charities you plan to do?

PyroMike (WILL NEVER DM FIRST):
Good question too.

See the above backstory on Pyroshi for reference.

To sum it up, she was born into an oppressive regime but managed to escape and eventually developed her special ability (teleportation).

She will now use her power to help people that once faced the same problems as her.

In terms of charity, this translates to charities that help people under oppression 😁

Q5 from Telegram user @Pratze
Can you introduce to us the detail about your PRESALE COMPETITION that you have on your project? what kind of event is this and how to join?

PyroMike (WILL NEVER DM FIRST):
Yes, we have around 460 of our most active members helping to promote the coin in a separate group. The prizes are listed in the image above.

They share twitter links, TG links and collectively go and retweet, share etc. to help create exposure for PYRO.

You can check out the Hype group here: https://t.me/joinchat/-cudHmQ6GXk4OGQ8

But please remember that is not the main group! This is @pyromaniacofficial

Q6 from Telegram user @csgonub
There are some people still don’t know anything about crypto so do you have any thinking for getting them into Pyromaniac?

PyroMike (WILL NEVER DM FIRST):
Fantastic question.

This is very important for any project. How do you tap into the 99% market of people that aren’t into crypto?

We have built this brand to be able to co-exist as a commercial brand that sells clothing, action figures, comic books, etc. This benefits holders as we will share profits with them.

However, what it will also do is provide a gateway into crypto for people who fall in love with the more mainstream elements of the brand.

From a functional perspective, we’ll be adding a BNB/PYRO buying portal to the website very early on to lower the barriers, and long term we’re building an app where people can buy our NFT’s and tokens with fiat!

Q7 from Telegram user @bindass90
What is the best mode to buy or where can I buy coins? What are the key features that make this project more advantageous than other competitors in the market?

PyroMike (WILL NEVER DM FIRST):
You can buy at presale on Friday 20th August or on PancakeSwap from the 21st.

Our project is completely unique.

We are merging the worlds of NFT’s, superheroes, and charity in a way that they all operate in tandem with each other.

We also recognize that many projects have huge communities that they don’t leverage as a customer base for a commercial brand that can run alongside it. We will do this, and as a thank you to the holders we will always share profits with the holders via market buybacks and airdrops.

This provides a massive and very unique utility to our token.

Q8 from Telegram user @orlemys
Pyromaniac charity is a great core feature of your platform, I’d like to know if you’ve already made donations and to what charities did they go to, also what was the amount donated? Also, what’s the reason behind the Pyromaniac name?

PyroMike (WILL NEVER DM FIRST):
Thank you – totally agree!

Yes, despite having not launched we have already done donations to two oprhanages in Thailand where we donated around $2000 plus food supplies. You can watch it here: https://www.youtube.com/watch?v=dOB3N6Hx6Ag

The reason for the Pyromaniac name is the following…

We believe the world is in need of change. Establishments around the world put in place to ensure basic human rights are failing. We can no longer rely on them, and we believe a collective people’s movement lead by our cast of heroes is the way forward. Pyromaniac is inspired by the ethos of Guy Fawkes, a modern symbol for fighting against corrupt and failing establishments. We don’t seek to harm though – violence only causes more suffering. We will help via charity donations and sharing business profits with our holders.

We know the name Pyromaniac is on the edge, and that’s the point. We’re here here to do things differently. We believe there’s complacency when it comes to charity donating. People want to donate but many don’t. We realise we need to entice people through new avenues. Call it involuntary donating. Ultimately, we are more than a cryptocurrency. We are a movement striving for change.

Q9 from Telegram user @xperia3
Pyromaniac NFTs are looking quite cool and high quality. Do you have special designers for them? How do you choose your NFT artists? What are the plans of Pyromaniac’s to keep this quality high also in the future?

PyroMike (WILL NEVER DM FIRST):
Thank you!

All of our designs are done in house.

On our core team we have a graphic designer, NFT artist and 3D modeller so we will always retain the same high level of quality. All of our designers have experience working alongside some of the most well known brands in the world.

Meet the team here!

Q10 from Telegram user @chzrles
Considering that Pyromaniac is an excellent initiative for charitable donations, can you mention what kind of organizations do you intend to help with this project? Antiheroes will have their own special ability and unique theme that determines which charity Pyromaniac will donate to, but how many themes will be included?

PyroMike (WILL NEVER DM FIRST):
Great question.

We’ll be launching 12 characters over the first 12 weeks which means 12 different charity sectors.

We believe most people are passionate about a number of causes so we wanted to provide a place where people can come, invest and donate to a number of causes in the process.

We’ll be looking to align ourselves with world renowned charities in order to solidify our reputation and ensure our charity funds are used wisely.

The first one is Save the Children – and we will launch our Pyrokid character alongside that.

Another example is Pyrogirl (see below)

Her charity sector will be female empowerment

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Pyromaniac. They’ve prepared 4 questions for this part. The total reward pool for the 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
Pyromaniac Telegram community: https://t.me/PyromaniacOfficial
Twitter: https://twitter.com/Pyro_Tweets
Website: http://www.pyromaniac.io

We are pleased to announce our next AMA on August 22nd 2021 at 01:00 PM UTC Time: Satoshi Club x Binapet

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

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

Part 3: 300$ – A quiz about Binapet

For more details:
Binapet Website – binapet.com
Binapet Telegram – @binapet
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on August 16th 2021 at 01:00 PM UTC Time: Satoshi Club x BetU

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

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

Part 3: 300$ – A quiz about BetU

For more details:
BetU Website – betu.io
BetU Telegram – @betucommunity
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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 EPNS and our guests were @RJlwl and @harshr. The AMA took place on 13 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

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

Paul Mont | Satoshi ClubL: Today’s guests are @RJlwl and @harshr! Welcome! Great to have you here!🎉

Richa | EPNS 📨 | won’t DM first: Hello @GoldRocket27 @PaoloMonte87 great to be back guys 👋 How have you been?

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @RJlwl @harshr!😍

Harsh | EPNS | Will not DM first: Hey Satoshis 👋! Happy to be back!

Paul Mont | Satoshi ClubL: Been great @RJlwl, thank you! I hope you’re doing great as well 😉

We’re super excited for this AMA, can you feel it too? 🔥

Gold Rocket | Satoshi Club: We are very happy to see your project as our guest again. ❤️

Please share your news with us😁

Paul Mont | Satoshi ClubL: And introduce yourselves briefly once again for all the new Satoshi Clubbers that have joined us lately 😉

Harsh | EPNS | Will not DM first:

Image is better :). *Governance in a week

Gold Rocket | Satoshi Club: Great infographics👍

Harsh | EPNS | Will not DM first:  Hey Everyone! I am Harsh, Founder and Project Lead of Ethereum Push Notification Service. Some background about me. I love all things tech and have as a byproduct gathered 11+ years of experience in dabbling across various spectrums of tech and design in almost all popular fields (mobile, web services, SAAS and of course Blockchain).

Richa | EPNS 📨 | won’t DM first: sure! I am the co-founder of Ethereum Push Notification Service (EPNS). I wear multiple hats at EPNS though I am focused on mostly Marketing and Growth. Stoked to be #BUIDLing World’s First Decentralized Notification Protocol. Looking forward to some awesome questions.

Gold Rocket | Satoshi Club: Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

Richa | EPNS 📨 | won’t DM first: let’s goooooo 🚀

Q1 from Telegram User @Deaddynot

$600M Poly Network was hacked this week and not a single person with funds stolen could be contacted directly. Could you tell us in details how EPNS will help us in such situations? What is your solution in this case and when we will be able to use it?

Gold Rocket | Satoshi Club: This is when your service could help

Harsh | EPNS | Will not DM first: Whoa, directly to tech stuff, Let @RJlwl plug in what we are doing while I answer this 🙂

Gold Rocket | Satoshi Club: of course!

Richa | EPNS 📨 | won’t DM first: Very relevant Q @GoldRocket27, let us break it down into 2 parts – 1) what we are building 2)how we can help

EPNS is building the open communication layer for the Web3 ecosystem, first for Ethereum and then for L2s and other blockchains. The protocol enables any smart contracts, dApps or traditional servers to send notifications to wallet addresses of the user in a platform agnostic fashion (ie: notifs can be integrated and shown on any crypto wallet, mobile apps, extension or dApps). With the open communication layer, EPNS aims to become the only open notification platform apart from Google and Apple notifications.

Here is a cool video teaser for some awesome vibes https://www.youtube.com/watch?v=kwwnlmUpRsk

Gold Rocket | Satoshi Club: I think this is a great demo.

Paul Mont | Satoshi ClubL: There’s nothing better than a great video like this to get straight to point while also driving excitement 😉

Harsh | EPNS | Will not DM first: EPNS is a communication middleware which is really important in these use cases. For example, even a notification to users that funds are at risk would have limited exposure as few users would be able to claim. But let’s go a bit further, since our notification can carry any payload, imagine a notification with yes or no to withdraw your funds. On that note, go a bit further in the rabbit hole: A consortium of trusted users who can send a notification to all exchanges automatically blocking cashing out and while we are at it, let’s image a MFA built on top of EPNS to be activated whenever txs have higher amount to send or freq.

Paul Mont | Satoshi ClubL: Great example to explain such a fundamental utility and need for EPNS

I am already convinced this service is gonna be the backbone of all future DApp related services🙏

Gold Rocket | Satoshi Club: It’s really amazing how big your use case

guys, what do you think is the most useful thing you can offer to the user now

Richa | EPNS 📨 | won’t DM first: 3 Things:

1. Get notified now (https://app.epns.io ): Uniswap V3 Position alerts, AAVE Loan Liquidation on Polygon, Compound liquidity alert, fund tracker from specific crypto wallets, ENS domain expiry alert, and Ethereum gas alert. We have pilot collabs with 30+ projects including Uniswap, AAVE, Snapshot, Gitcoin, Polygon, Alpha Homara, etc, all of which are getting worked on and will be launching on the protocol as they get ready.

2. Participate in our weekly community $ROCKSTAR NFT drop (and get 2400 $PUSH): https://medium.com/ethereum-push-notification-service/the-first-nft-collection-from-epns-677e23173c95?source=false———0  (here’s a sneak peek)

3. Visit incentives.epns.io   and stake UNI-V2 tokens / PUSH and get 108% / 39% APRs

Paul Mont | Satoshi ClubL: I’m already onboard with point 3. 😉

Gold Rocket | Satoshi Club: Great 👌 thanks

Paul Mont | Satoshi ClubL: So notifications are already up and running?

Gold Rocket | Satoshi Club: is it Mithun Chakraborty? I love him since childhood 😍😁

Richa | EPNS 📨 | won’t DM first: Yes 🙌 All the channels are delivery mainnet related Info

We’re working on collab with 30+ partners including Uniswap | Aave | Gitcoin | Polygon | Mask Network | PoolTogether | Alpha Homora | Biconomy | Frontier  | bZx | Ceramic Network | YAM Finance

Paul Mont | Satoshi ClubL: Great! Gotta set up my wallets imemdiately after the AMA! 🔥🔥🔥

Gold Rocket | Satoshi Club: You have gripped a very large volume! you are cool guys!

Harsh | EPNS | Will not DM first:  

Haha… that’s Amitabh Bachchan but we do have Mithun NFT as well 🙂

Gold Rocket | Satoshi Club: I was amazed in how short period you did it.🔥🔥

Love him😁❤️

Thank you very much for your answers! Ready for the next question? Or do you want to add something?

Richa | EPNS 📨 | won’t DM first: yes, done with this question

Q2 from Telegram User @UplineStephen

According to what I read from your medium article, The EPNS decentralized push notification service sends timely notifications through a single source of communication, the investor’s(user’s) wallet. Also, you stated that all notifications go directly to the user’s wallet where they can take immediate action.

With what I read from your website, I would like to ask, does this mean that this EPNS(Ethereum Push Notification Service) is going to provide added security to users wallet? Also, how will the notification be? Will it be in the form of some pop-up to alert users that there is an ongoing activities on their wallet so they need to take some immediate action?

Harsh | EPNS | Will not DM first: – User wallets are amazingly secure as they are just frontend to blockchain. Notifications are tied to user wallets and is accessible through push nodes (which forms our open communication layer). These notifs can also be encrypted using the same public / private key encryption so can carry sensitive data as well.

– Notification delivery is left onto the crypto wallets that integrate us (ie: whether they push or pull) but our mobile apps and chrome extension already pops up an alert (pushes) for them incase you prefer that, of course, you as a user have total control so you need to opt in to a channel first before they can pop up on your mobile app.

Gold Rocket | Satoshi Club: Thanks for your answer

Richa | EPNS 📨 | won’t DM first: 🙌🙌

Paul Mont | Satoshi ClubL: By the way, I saw the alpha version of the EPNS mobile app is available for download on IOs and Android. Is it already working and compatible with Metamask (and/or additional wallets)?

Harsh | EPNS | Will not DM first: Sort of Yes. The mobile app for iOS and Android is available and working. The app listens to EPNS Protocol which forms the communication layer and same will be the case with any other crypto wallet. We are already compatible as a protocol with Metamask or other wallets though when they integrate us is a question for them :).

Richa | EPNS 📨 | won’t DM first: 📲 Download app and enjoy #Web3Notifs 🤯

iOS https://apps.apple.com/app/ethereum-push-service-epns/id1528614910

Android https://play.google.com/store/apps/details?id=io.epns.epns

Browser Chrome Extn: https://chrome.google.com/webstore/detail/epns-protocol-alpha/lbdcbpaldalgiieffakjhiccoeebchmg/

Paul Mont | Satoshi ClubL: Wonderful, thank you for sharing!

Let’s hop onto the next community question, shall we? 😉

Richa | EPNS 📨 | won’t DM first: sure!

Gold Rocket | Satoshi Club: Thanks for sharing!I have already downloaded it and I will definitely try😊👍

Q3 from Telegram User @Billz120

Secret Playload (type 2) on the Whitepaper- you did said are secret notifications intended to be delivered to one subscriber of the channel? And these are encrypted using ECC (Elliptic Curve Cryptography)? And AES (Advanced Encryption Standard)? Could you please explain to us in a layman’s understanding the importance of secret Playload?

Richa | EPNS 📨 | won’t DM first: 🤯

Satoshi Community asking tough question 💪 Love it 🥰

Gold Rocket | Satoshi Club: [ 😳 Sticker ]

we love you very much too! ❤️❤️❤️

Harsh | EPNS | Will not DM first: Awesome Question! Secret notifs are intended for carrying things like encrypted transaction, Multi factor authentication (OTP) and other sensitve info that while still in the open network should only be accessed via the user themselves. For this ECC algo works neatly as these notifs are encrypted via public key of a wallet and can only be decryped through private key. This algo is used by Ethereum and Bitcoin both.

The reason for using AES along with ECC is that ECC is a bloating encryption meaning ECC encryption increasing the number of bytes (characters) in a payload. For example “Satoshi Club” Encryped with ECC might become “@$(($^*SDHAH&T@Q*ISAD SAIHIG#*&QY#”. AES on the other hand encrypts 1:1 characters so the idea is to encrypt a payload with AES using a random passphrase and then encrypting that pass phrase with ECC thereby making the payload size optimal and still following the best industry guidelines

Gold Rocket | Satoshi Club: Perfect answer

Thanks

Paul Mont | Satoshi ClubL; Yeap, pretty sure @Billz120 will be satisfied 😉

Richa | EPNS 📨 | won’t DM first:🙏

Gold Rocket | Satoshi Club: to be honest, it’s even difficult to ask additional questions here 😁

I suggest moving on to the next question😊

Richa | EPNS 📨 | won’t DM first: yes please

Q4 from Telegram User @antoni_azx

Can we talk about fees? I learned on your whitepaper that sending notifications carries a micro fee, charged in $ ETH or $ DAI which is controlled by the governance model, but can you be more specific about these fees? What differences are there of transacting with $ ETH or $ DAI? Specially regarding the gas costs? And what’s the actual percentage charged for both of them? Can the users actually choose what they like?

Harsh | EPNS | Will not DM; Love the brainstorm. Sure, First of all, the user never pays for the fees, it’s going to be always free for them just like how it is in Web 2.0.

Jumping to the question of $ETH pegged to $DAI. We or should I say our token holders can enable charging of the fees to services in the future for sending notifications (and can even decide what split of incentives goes to them and to crypto wallets). This fees can be charged as a per notif / monthly / yearly fee to the services that wants to send notifs. These fees are going to be defined in $ETH pegged to $DAI to enable stable cost and the rationale for using $ETH over here instead of $PUSH is to ensure that gas fees for sending tx is reduced to a minial (ETH payables are cheapest). The incurred fees is still converted into $PUSH when a withdraw happens from the protocol thereby ensuring that the value of the network still accrues to PUSH

Paul Mont | Satoshi ClubL: So the fee goes to all the actors involved in the ecosystem, that is both services and subscribers?

Harsh | EPNS | Will not DM first: Fees is only charged from the service, Activation Fees and the Interest accrued is distributed to the subscribers as a passive incentivization. The SaaS fees charged is distributed among $PUSH holders and Crypto Wallets that have integrated the protocol (whenever token holders want to enable it).

Gold Rocket | Satoshi Club: Well.. this is a really good decision. Win-win

Thanks for your answers! Ready to proceed to the next question?

Harsh | EPNS | Will not DM first: Yass!!

Q5 from Telegram User @arisabela

From what I read before, your notifications protocol activated by staking $DAI which generates interest distributed to the subscribers that have opted to receive notifications, that’s on your litepaper … but you have recently released a Liquidity Rewards program. Is this what it is also about? How does it work to generate interest and in what proportions? Does it depend on the amount of $DAI that is staked? Can you explain this program to us in depth?

Harsh | EPNS | Will not DM first: Brilliant plug in for our Liquidity Rewards Program 😄😄

The Liquidity Program is just a way to reward early $PUSH holders for their participation. Any $PUSH token holders can go to https://incentives.epns.io and deposit either UNI-LP V2 Tokens to get 108% APR or simply stake PUSH to get 39% APR

https://medium.com/ethereum-push-notification-service/epns-push-liquidity-rewards-program-d16ff2c0fef4

Richa | EPNS 📨 | won’t DM first:

Paul Mont | Satoshi ClubL: Clean UI and juicy APYs 🙏

Satoshi Club, this is definitely worth checking out! 🔥🔥🔥

Gold Rocket | Satoshi Club: thank you very much for sharing and great answer!

Paul Mont | Satoshi ClubL: I totally agree 🙂

Time to proceed with the last question for this very first part of the AMA, are you ready to go? 😉

Richa | EPNS 📨 | won’t DM first: 🔔 yes!!

Q6 from Telegram User @highpee

EPNS is a decentralised notification protocol that allows users to receive notifications in a platform-agnostic manner. A lot of developments have happened with your projects since your last two visits to the club. One of such new development that I am interested in is that you have now integrated NFT into the EPNS protocol. You started the #PUSHforNFT campaign where users will get a special EPNS NFT and you said the campaign will run for 52 weeks. Can you tell us more about this Special Rockstar NFTs? How do you select users who are gifted with this NFTs? How many NFTs do you plan to give over the 52 weeks duration of the campaign and how many winners will you have? How valuable or rare are these NFTs and what utility or benefit can it afford successful recipients within and outside your protocol?

Richa | EPNS 📨 | won’t DM first:Can you tell us more about this Special Rockstar NFTs?

– These are custom 100 unique NFTs created by artists which also carry 2400 $PUSH. You just need to do something creative, carzy or a bit of both whether in terms of creating videos, developing something cool for EPNS, creating memes, something surprising or anything in between. Read more here: https://medium.com/ethereum-push-notification-service/kicking-off-the-epns-nft-community-drops-6a5c49808cf

Gold Rocket | Satoshi Club: Satoshi Club don’t miss the chance👏👏👏

Paul Mont | Satoshi ClubL: Wonderful initiative!

Richa | EPNS 📨 | won’t DM first: Can you tell us more about this Special Rockstar NFTs?

– These are custom 100 unique NFTs created by artists which also carry 2400 $PUSH. You just need to do something creative, carzy or a bit of both whether in terms of creating videos, developing something cool for EPNS, creating memes, something surprising or anything in between. Read more here:

How do you select users who are gifted with this NFTs?

– Currently, we as a team along with few board members try to come to consensus to give this out. Before that, each participation goes through a cheat filter to remove spam or people cheating. This process is going to get further better with a major milestone that’s coming out in a week 😉

How many NFTs do you plan to give over the 52 weeks duration of the campaign and how many winners will you have?

– We dropped the first 48 to our earliest supports and every week we give 1 out so there will be in total 52 winners. We still have 35 or so weeks to go 🙂

How valuable or rare are these NFTs and what utility or benefit can it afford successful recipients within and outside your protocol?

– The NFTs in themselves are unique and carry 2400 $PUSH. Other than that, these NFTs will have some awesome benefits in terms of governance participation in PUSH and some other awesome things which we can’t disclose yet! These are all within our protocol though

Gold Rocket | Satoshi Club: @RJlwl what is your favorite NFT from this unique collection?

Do these nft have a scope, or are they just collectibles?

Richa | EPNS 📨 | won’t DM first: It hasn’t been given out yet

Gold Rocket | Satoshi Club: Very beautiful 😍

Who is the artist? And who is depicted in the picture?

Harsh | EPNS | Will not DM first: Yes, Since they are given out to the best community members, holders of these NFTs will have some privilages in governance with checks and balances of course

Consortium of Indian Artists! Depicted in the picture is Goddess Kali!

Gold Rocket | Satoshi Club: Yes, that’s what I wanted to know … Because it always adds value

Paul Mont | Satoshi ClubL: These NFTs are so beautifully crafted 🔥

Gold Rocket | Satoshi Club: It’s incredible 😍🔥❤️

Harsh | EPNS | Will not DM first: 😊😊❤️❤️

Part 2 — live questions from the Telegram community

Q1  from telegram username @ethcypherpunk

EPNS has been supported as part of Grants on Ethereum, can you explain how specifically this grant is helping to grow the project? You guys must be very proud, congratulations

Richa | EPNS 📨 | won’t DM first: Nice Q. We actually didn’t receive a grant but EF has helped, mentored us tremendously and I’m sure so many other projects in the space. https://blog.ethereum.org/2020/08/19/esp-beyond-grants/

Q2  from telegram username @chippi102

Do you share your EPNS project with any online community other than AMA? What is the development direction for the next years?

Richa | EPNS 📨 | won’t DM first: Yes, we have weekly and monthly updates that we share with our community. Our next year roadmap is in the works while here is the current roadmap.

https://medium.com/ethereum-push-notification-service/epns-roadmap-2021-c4ededc57a12

Q3  from telegram username @K2ice

How are subscribers incentivized passively on the EPNS platform?

Richa | EPNS 📨 | won’t DM first: Subscribers of a channel receive passive income through the staked DAI in AAVE protocol. More on it here: https://whitepaper.epns.io/protocol-specs-section/epns-protocol/subscribers/user-direct-action-subscribe#game-theory-and-user-incentives

Q4  from telegram username @alptrader

What is Ethereum staking APR’s do you provide and can I stake my assets to uinswap so what is your uniswap contract?

Richa | EPNS 📨 | won’t DM first: Sure! More than 8.7M TVL is locked in our incentives portal: https://incentives.epns.io , with Staking at 111% (UNI-V2) and 36% for plain PUSH APRs!

Our liquidity mining program runs until 15th March 2022. Currently, there are 2 opportunities to participate:

 1. Stake $PUSH tokens directly on our portal.

 2. Become a Liquidity Provider (LP) and stake UNI-V2 liquidity provider (LP) tokens and receive LP tokens by providing liquidity to the PUSH/ETH Uniswap pool.

Here’s a video how to start earning PUSH: https://youtu.be/Maq-KxPv8W4

Q5  from telegram username @csgonub

In order to use EPNS do I need to give you my 12/24 words?

Harsh | EPNS | Will not DM first: No, you just connect your public wallet and you are good to go. For encrypted notifs, we are thinking of using wallet connect to ensure trust less execution

Q6  from telegram username @datjav1997

Many investors hit and run in the sell and sell session after listing on the first exchange, How did your project prevent early investors from selling their tokens and what

 Harsh | EPNS | Will not DM first: Long Vestings and Cliffs, All our investors had 3 months cliffs and 21 months vesting. That cliff expired a month back and most of them staked their tokens ❤️. For team, it’s even stricter as 9 / 12 months cliff and 48 months vesting. All of these are smart contract locked as well (and audited)

Q7  from telegram username @hoatran1

How can I buy tokens from your project? Will EPNS have a program to sell tokens to users in the near future?

Richa | EPNS 📨 | won’t DM first: Currently we are listed on Uniswap, WazirX and Mexc exchange

Uniswap link: https://app.uniswap.org/#/swap?inputCurrency=0xf418588522d5dd018b425e472991e52ebbeeeeee

WazirX: https://wazirx.com/exchange/PUSH-USDT 

Mexc : https://www.mexc.com/exchange/PUSH_USDT

Our tokens are available on exchange for users to buy.

Q8  from telegram username @boradam

As EPNS is Ethereum Push Notification Service is it only limited with Ethereum or can you integrate other blockchains?

Richa | EPNS 📨 | won’t DM first: We are blockchain agnostic, meaning we will come on other chains as well. We will go live on Ethereum and Polygon to begin with

Q9  from telegram username @Babu_213

Please provide me all your project social media link for announcements so that I may not get scam from fake channels???What are you upcoming updates?Can you please give ME more details you project ?

Richa | EPNS 📨 | won’t DM first: Excellent. Please follow only verified links here -:

Telegram https://t.me/epnsproject 

Twitter https://twitter.com/epnsproject

Telegram Announcement Channel https://t.me/epnsprojectnews

Q10  from telegram username @mobilejii

✅ ✅  you didn’t mention about the project security measures adopted I want to know have you done any audit or not? Can I see any audit report

Richa | EPNS 📨 | won’t DM first: Our contracts have been audited by Chainsafe. Full Audit report here -: https://twitter.com/ChainSafeth/status/1379879154124943361

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/

Chinese Telegram group: https://t.me/satoshi_club_cn/

Indonesian Telegram group: https://t.me/satoshi_club_indonesia/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/epnsproject     

Twitter: https://twitter.com/epnsproject

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 Merrymen and our guests were @wei_dai, @crypto_crytic and @Merrymen8. The AMA took place on the 14th 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 Merrymen! Welcome to Satoshi Club 😀

D. | Satoshi Club: Today our guests in Satoshi Club – @wei_dai, @crypto_crytic and @Merrymen8! Hello and welcome!

Mary | Satoshi Club: Welcome to Satoshi Club 👏👏👏

MerryMen.io {will never DM you first}: Hey guys 👋 Thanks for having us!

Mary | Satoshi Club: Hello, happy to e-meet you 👍 How’s going?

MerryMen.io {will never DM you first}: It’s going good 🍻

Cryptocrytic: Hello everyone! Super excited for this AMA!

Mary | Satoshi Club: Welcome here 💃 So, let’s start our AMA 🚀
Guys, could you please introduce yourself and tell us more about Merrymen 🎉

D. | Satoshi Club: What a nice way to start our AMA 👀😁

MerryMen.io {will never DM you first}: Hi I’m Amira. I’m one of the Marketing leads of Merry Men. I have been with this project since its early stages.

With crypto gaining popularity, people don’t realize how much power Centralized exchanges have in controlling their funds and that’s where the need for Decentralized Exchanges come in.

I believe DeFi is the future and am here to bring this technology to a diverse group of people from different sectors.

Mary | Satoshi Club: Right words 😃 When Merrymen project started?

Cryptocrytic: Hi all, I’m an advisor for Merrymen. I work with multiple DeFi projects, and I’ve been in crypto since 2018. I am a strong believer in DeFi, and I strongly believe Merrymen will be the DEX of choice in the future for all DeFi enthusiasts!

Mary | Satoshi Club: What special did you find in Merrymen?😉

Cryptocrytic: Merrymen isn’t just any DEX, they strongly believe in opening the door to investors from traditional finance to make the transition over to DeFi. Via generous airdrops provided to Robinhood investors, Merrymen seeks to be the flagship DEX for investors coming from traditional finance, especially Robinhood.

D. | Satoshi Club: We will talk about this airdrop today 😉, a bit later.

Mary | Satoshi Club: Thank you for your intro, guys!😃
We choose 6 questions from our community for the first part of our AMA! Ready to start with them?

D. | Satoshi Club: Let’s go!

Q1 from Telegram user @UplineStephen:

So, according what I read from your medium article, Merrymen, is a brand new community focused decentralized exchange (DEX) on the Ethereum network. So if I understand your DEX services clearly, since it’s a Decentralized Exchange, it is going to function just like Uniswap right? If so, my question now is, what unique features will Merrymen bring into the DeFi DEX space to encourage more investors or users to be motivated to use your Swap DEX? Also, another big challenge that most crypto users complaint about the Ethereum Network is their gas fee in terms of transactions. So what will Merrymen team do to minimize swap fees and make it more convenient for users who will be using your swap DEX on the Ethereum Network?

MerryMen.io {will never DM you first}: The core function of it; Enabling swaps between multiple currencies, is similar to Uniswap, yes.

A few majors things, our vision is to enhance and improvise the user experience of our DEX for an easier on ramp of investors/traders from the traditional financial industry. We were hurt by the Robinhood fiasco and connect deeply with those affected and want to encourage and build trust of users to adopt Decentralised exchanges.
With regards to the gas fees, we’re hoping that the ERC223 will help mitigate this.

Alternatively, we’re also identifying ways of making the swap process more transparent for the users for them to make smart decisions when swapping between tokens for trading purposes. Eg: DEX’s swap ETH<>WETH which increases the fees.

D. | Satoshi Club: What is ERC223? Can you explain?

Cryptocrytic: It is basically a token standard that is an improvement to the current ERC20. Its biggest pro is that it throws an error on invalid transfers and cancels the tx so funds are not lost. Its major focus is on security, and enhancing/improvising fee structure.

D. | Satoshi Club: And so your DEX will be not another fork of Uniswap or SushiSwap? You are building something different? in term of technical part.

Cryptocrytic: You could say so. But while also making sure that it is not completely different in terms of user interface for adoption and ease of use for crypto investors and traders.

D. | Satoshi Club: Thanks for clarification 👌

Mary | Satoshi Club: Thank you for your answers guys! Ready to proceed?

Cryptocrytic: Yep!

Q2 from Telegram user @Arisabela:

I wanted to enter to your website for researching and noted that google warned us that the website “is not secure”, however I could also realize that it is not fully developed, you can tell us at what stage you will put more interest in the development of your website? And how do you plan to verify it and make it safe for everyone?

D. | Satoshi Club: I assume the question is about this. Currently everything is safe as I can see.

MerryMen.io {will never DM you first}: We only have a landing page out with the SSL certificate. So, it would in no way show ‘it is not secure’. Our website will go live next week.

We’re going to launch on the first iteration of our mobile app in Q4. Security is extremely important to us. In addition to stress testing the DEX and having a bounty program for devs, we will also have smart contract auditors review the DEX.

D. | Satoshi Club: So in the next week you will put more info on your site? What info will be available there?

MerryMen.io {will never DM you first}: Our entire site will be fully functioning and ready to go, we’re just finalizing the back end.

Mary | Satoshi Club: So, you have bounty program for devs now or later?

MerryMen.io {will never DM you first}: The bug bounty program will eventually be introduced.

Mary | Satoshi Club: Gotcha!

D. | Satoshi Club: Cool, thank you for the answer! Do you want to add anything else or can we move to the next question?

MerryMen.io {will never DM you first}: Let’s move on to the next question🙂

Q3 from Telegram user @Crypilord:

You allocated 20% of your token to be airdropped to Robinhood investors. Frequently, you always pay reference to the Robinhood in most of your writeups. You also have similar logo as Robinhood’s. We know Robinhood, a Cex stock trading platform has stopped trading on its app since January. Is there any relationship or connection between Robinhood and Merrymen? Why is the community airdrop going to only the Robinhood investors? You can agree that the success of a project depends on trust and transparency. Your team is anonymous, how can we be sure that the team are not a fraction from the Robinhood team?

MerryMen.io {will never DM you first}: When Robinhood CEO Vlad Tenev decided to freeze trading on the Robinhood app in January 2021, he showed the world why centralized exchanges should have no part to play in the world of retail investing.

Retail investors had trusted the Robinhood app, having no idea how easily it could be manipulated. When CNBC reported that Robinhood had to “tap credit lines, raise new funds and throttle back trading” and “the central Wall Street clearinghouse mandated a ten-fold increase in the firm’s deposit requirements”, it was clear that retail investors were trapped in a centralized controlled exchange, that was totally out of their control.

Merrymen is launching to demonstrate how important decentralized finance and decentralized exchanges are to the retail investor after the Robinhood GameStop fiasco. We are very absolutely not involved with the Robinhood team. The despicable treatment of their investor community is something we aim to remind traditional finance investors about as much as possible.

Our chief aim is to showcase the enormous discrepancy between centralized, traditional investing, and DeFi. Through Merrymen, investing will never be halted/manipulated, and Merrymen users will always be in 100% control of their funds. Through the airdrop, we aim to give back to the victims Robinhood pushed aside with its market manipulation, and offer them an incentive to explore a much safer and more efficient form of investing, through a decentralized platform.

“100 million tokens airdropped for free
Merrymen to airdrop free tokens to Robinhood investors”

We are making this incredible offer because we’re seeing more and more that centralized exchanges can’t be trusted with retail investors’ money and to incentivize traders from the likes of the Robinhood exchange, make the move across and understand decentralized finance.

Merrymen will never stop any investor trading, will never be under the control of a centralized organization like the DTCC or NSCC and it will never cite ‘market volatility’ for closing their accounts.

We want to highlight that there is no affiliation with Robinhood as it goes against what we stand for.

https://medium.com/@MerrymenDex/robinhood-shat-the-bed-so-the-band-of-merrymen-has-taken-over-726766febf40

D. | Satoshi Club: How is anyone eligible for airdrop and how he or she can get it? What steps should be done from their side?
I mean how do you pick the users? Do they need to fill out any form for airdrop?

Cryptocrytic: As explained in the linked article, there are a couple of easy steps needed to be taken in order to be eligible for the airdrop. You must follow our socials, and fill in the form linked in the medium article: https://medium.com/@MerrymenDex/merrymen-to-airdrop-free-tokens-to-robinhood-investors-904517d33068

Mary | Satoshi Club: Hope all users affected by Robinhood won’t miss their chance!
Thank you for your answers! Ready to jump to the next question?

Cryptocrytic: 100%

Q4 from Telegram user @Asela1112:

I heard, you hope to launch Merrymen in early Q4 & you are up to hold it’s IDO event in DeFi Launchpad soon. Can you share with us the progress about your upcoming IDO event? Which Ethereum Launchpad will you target to launch your IDO in order to reach maximum capacity of Merrymen platform?

Cryptocrytic: We have already secured the Launchpad we will launch on in early Q4. More details will be shared publicly soon, so make sure to follow our socials, including our Telegram announcement channel: https://t.me/MerrymenDexANN to stay up to date with our latest announcements.

D. | Satoshi Club: Btw will your team pass the KYC before IDO? to gain more trust to future investors.

Cryptocrytic: We are an anonymous team. This should not seem problematic, as our plans for Merrymen include having it be a completely community led platform.

D. | Satoshi Club: Understood, appreciate the answer!

Mary | Satoshi Club: Thank you! Ready to go to the next question?

Q5 from Telegram user @antoni_azx:

While researching your project I found very little information about how you plan to make it safe. Can you tell us if your project has been audited? In addition, the smart contract is not everything, what security mechanisms will be used in-platform? Will they use a key identifier or encrypted mechanism?

Mary | Satoshi Club: Maybe insurance?

MerryMen.io {will never DM you first}: The project is yet to launch🙂

But behind-the-scenes, we are making sure that the DEX is able to adhere to all smart contract standards to avoid any possibilities for it to be hacked. In addition, we mentioned this earlier, but we have a bug bounty program, and we will announce security auditors in the coming months to assure that it will be a safe DEX to be used.

Mary | Satoshi Club: That’s great! We will wait for the updates from you! Also, as you mentioned above – you plan to have community governance, right?

Cryptocrytic: Correct.

Mary | Satoshi Club: When it will be implemented?

Cryptocrytic: We will publish our roadmap for the coming months soon. There, our entire plans for Merrymen, including community governance, will be explained in detail.

D. | Satoshi Club: Very nice!

Mary | Satoshi Club: Got it! Thank you for your answers! Ready for the next question?

Cryptocrytic: Very ready 👍🏻

Q6 from Telegram user @alice_wonderland12:

There is a free airdrop of Merrymen tokens for projects so they can distribute the tokens among their communities. I hadn’t seen this marketing strategy before, what is the main goal of the team with it? What kind of projects qualify for this airdrop, and how can one be postulated? Who decides which projects receive the airdrop and which ones don’t, and is the amount of tokens airdropped the same for each project?

Cryptocrytic: Through this 20% airdrop, we aim to incentivize liquidity provisioning on our platform. The first 20 projects to provide at least $20,000 liquidity will receive an airdrop to be distributed among their communities. This 20% of our entire supply, which is equivalent to 100,000,000 tokens, will be distributed among these 20 liquidity provisioners. Communities of any projects are encouraged to reach out and ask their respective teams to provide liquidity, in order for the entire community to be rewarded. Through our very generous airdrops, and our 30% of tokens being allocated to the public raise, we will have offered 70% of our total supply to retail investors. Eventually, the complete power of governance will be in the hands of the community.

https://medium.com/@MerrymenDex/merrymen-to-incentivize-projects-joining-its-dex-26cdab7d4b9f

Mary | Satoshi Club: Do you already have some projects which are ready to provide liquidity and receive airdrop?

Cryptocrytic: We are in talks with several projects. We encourage all community members to reach out to different project’s teams and request for them to be in our first 20 liquidity provisioners, since they will be the recipients of 20% of our entire supply.

Mary | Satoshi Club: Super! Hope we will hear their names soon!
Thank you for your answers! We came close to the live part now 😃 Ready for it?

MerryMen.io {will never DM you first}: Yeah 🚀😁 Let’s do it!

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Ishan1_7:

Are there any requirements for these “100 million tokens airdropped for free Merrymen to airdrop free tokens to Robinhood investors”?

Cryptocrytic: We outlined every step and requirement in the following article: https://medium.com/@MerrymenDex/merrymen-to-airdrop-free-tokens-to-robinhood-investors-904517d33068

Q2 from Telegram user @sweetdoge:

How much of the tokens will your team have from Merrymen and will there be any whales?

Cryptocrytic: 30% of tokens will be vested. These tokens will serve different purposes, including marketing efforts, team tokens, operations, and more. Our entire tokenomics and supply distribution is outlined in the following article: https://medium.com/@MerrymenDex/merrymens-unique-tokenomics-announced-da28aece4235

Q3 from Telegram user @himu8890:

Sir, community is very important for a project. While you build your project, do you take into account community feedbacks and demands?

Cryptocrytic: Eventually, Merrymen will be entirely community governed. We are allocating 70% of our supply to retail investors, in an effort maximize decentralization. Our full roadmap will be published soon, which will contain a detailed outline of our community governing plans in the future.

Q4 from Telegram user @goyalshaab1444:

Merrymen, a new DAO-based DEX is being launched on the Ethereum network to demonstrate how important decentralized finance and decentralized exchanges are to the retail investor after the Robinhood GameStop fiasco. Why invest in Merrymen?

MerryMen.io {will never DM you first}: The total market cap will be $990,000. No other DEX will have a market cap below $1mill on launch. Think of this, Uniswap has a market $ 17.53 billion. Achieving just a fraction of that will give investors massive returns.

With regulation getting stricter in the crypto world, DEXes will become paramount. Merrymen was created for the community and puts its investors at the heart of everything it does.

There’s a lot that’s wrong with CEXes and investors can choose to be part of the solution and part of the new movement coming in.

Q5 from Telegram user @Nhairym:

Your project is aimed at Robinhood investors exclusively or is just a reference point, can other people outside of that project participate in the airdrop to also be initial investors in a crypto project that has the potential to grow considerably in value? In your website it says: Robinhood broke the bed, so the Merrymen gang has taken over! Why have you been so motivated to help those affected by this project, what is your long-term vision through DeFi?

Cryptocrytic: We will offer 2 different airdrops. The first will be aimed to give back to Robinhood investors who were pushed aside by Robinhood and centralized, traditional finance in its entirety. The second will be offered to the communities of the first 20 projects that provide liquidity.

Our passion is to help the victims of the Robinhood/GME/AMC fiasco stems from our digust for traditional finance as a whole. Long term, Merrymen seeks to be the DEX of choice for those investors transitioning from traditional finance to DeFi.

Q6 from Telegram user @ashwini_Crypto:

Merrymen’s motive is to help bridge traditional investors across to the Defi world, but how easy will it be for traditional investors to use the platform?
How will Merrymen ensure that?

Cryptocrytic: To ease the transition from traditional investing to DeFi, we have followed a very close branding system and theme to the most popular traditional finance platform, Robinhood. Investors making the transition over to DeFi via our platform will be pleasantly surprised to find a very similar interface to what they’re used to seeing. However, our actual platform far exceeds Robinhood in terms of security, decentralization, and ownership over personal funds.

We are very happy to see you taking an interest in DeFi as an investor coming from traditional finance. You can very easily sign up for our airdrop following the steps in the following article: https://medium.com/@MerrymenDex/merrymen-to-airdrop-free-tokens-to-robinhood-investors-904517d33068

Q7 from Telegram user @Lucybabu1:

What are your strategies in building a big and strong community? Do you agree that the power of the community will lead your project to grow globally?

MerryMen.io {will never DM you first}: “Giving 100 million tokens to be airdropped for free to those affected by the Robinhood/ GameStop fiasco”

70% of total supply will be going to retail investors. No other exchange that we know of is doing this .

Our community has been growing organically. We are still in the very early stages and will be influencers, PR and have a strong marketing initiative in place.

Q8 from Telegram user @ronaldo_super:

With Merrymen, how do you think that you can move traditional finance investors into the DeFi?

Cryptocrytic: Via generous airdrops aimed at traditional investors, and a very interactive platform with similarities to Robinhood, one of the most popular traditional finance platforms, Merrymen aims to be the DEX of choice for these investors making the transition. With 100% individual ownership of funds, community governance, and 70% of our supply being offered to retail investors, we don’t believe we will have any difficulties in converting traditional investors to DeFi investors.

Q9 from Telegram user @Pratze:

You claim that CEX is unsafe and Decentralized Exchange is more safe, could you give reasons why DEX better than CEX? As we know CEX still exist until now and do you think DEX can substitute the position of CEX?

MerryMen.io {will never DM you first}: Decentralized exchanges (DEX) are autonomous financial protocols powered by smart contracts that enable crypto traders to convert one digital asset for another with all transactions viewable on the blockchain. In this format, investors retain control over their funds while trading. This security and transparency is a key feature DEXs have over CEXs.

One of the reasons CEXs are so popular is the ease of access they give to so many investors. The Merrymen DEX wants to combine this fantastic user experience offered by modern exchanges such as the likes of Coinbase, Binance and traditional exchanges with all the security and transparency that a decentralized exchange can offer.

Combining the best of both worlds, the Merrymen Dex, with its community focused tokenomics and easy to use interface will be a must use exchange for the savvy investor.

For further information please visit the Merrymen Website and follow our Twitter and Telegram channels.

Q10 from Telegram user @Nenyesam:

Can you share your social media links so we can keep ourselves updated?

Cryptocrytic: Make sure to follow us on all our socials!

• Twitter: https://twitter.com/MerrymenDex
• Telegram: https://t.me/MerrymenDex
• Telegram Announcements: https://t.me/MerrymenDexANN
• Medium: https://medium.com/@MerrymenDex

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/MerrymenDex
Medium – https://medium.com/@MerrymenDex
WebSite – http://propatest.com/merrymen/
Twitter – https://twitter.com/MerrymenDex

We are pleased to announce our next AMA on August 21st 2021 at 03:00 PM UTC Time: Satoshi Club x Puppies Network

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

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

Part 3: 300$ – A quiz about Puppies Network

For more details:
Puppies Network Website – puppies.network
Puppies Network Telegram – @PuppiesNetwork
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on August 15th 2021 at 04:00 PM UTC Time: Satoshi Club x Pyromaniac

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

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

Part 3: 300$ – A quiz about Pyromaniac

For more details:
Pyromaniac Website – pyromaniac.io
Pyromaniac Telegram – @PyromaniacOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish