Month: August 2021

PART 1. Introduction of Mate project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about power tools for DEX users to trade better.

With Mate you completely trust that your order will always execute. Set and forget limit orders that come with our fermentation guarantee.

The plan of AMA session:

1. Part – Introduction and preselected questions.
2. Part – Live questions
3. The Quiz about Mate

The reward pool is 500$

Leading the AMA our clever and fun admins:

Gold Rocket | Satoshi Club – @GoldRocket27

Luis Merino 🇪🇸 | Satoshi Club – @LuisMe7

The Representative of the project:

Josh – @Joshavenue – lead community for Mate

Gon – @zeroxgon – core develope

Introduction of Mate project.

Luis merino 🇪🇸 | satoshi club:

Hello, Satoshiclubbers! I’m back 😄

Welcome to another AMA session. Our guests today are from Mate 🙂

@joshvenue, @oxgonzo welcome! 😊🙏🏻

Gold rocket | satoshi club:

Hello, dear community! We are pleased to announce AMA with Mate. 🌱🧉

Josh:

Nice to be here Luis!

Gold rocket | satoshi club:

How are you doing today guys😊

Gon:

Hey everyone, thanks for having us! 🧉

Josh:

Feeling bullish and fresh about everything! 🧉

Luis merino 🇪🇸 | satoshi club:

Nice to hear 😊

Gold rocket | satoshi club:

Great! Thanks 👌🧉

We are very excited about the upcoming AMA   and you too?

Gon:

Great, thanks!

Gold rocket | satoshi club:

Let’s start!😀

Introduce yourself please. How did you get to be involved in crypto & Mate?🧉

Tell us please about your position in Mate?🧉

Luis merino 🇪🇸 | satoshi club:

You won… You were faster 🥺

Gold rocket | satoshi club:

@joshavenue @zeroxgon

Josh:

Alright sure 😄

I am the lead community for Mate, I help to get the word out there and share about Mate’s mission to help traders to get the best deal for their bucks every time they wanna make a trade on a DEX.

I was involved in crypto since 2017, worked along with people from Thorchain and stacks.

For Gon, he is the core developer focusing on delivering the best product for Mate users. 😄

Luis merino 🇪🇸 | satoshi club:

Thorchain and stacks! Huge ones 😄👏 Great background indeed 😄

Gold rocket | satoshi club:

You have a great experience, I dare say. What is the essence of Mate? What is the main idea. What problems do you want to solve?

Josh:

My background is nothing close to my other teammates, they are more amazing!

Luis merino 🇪🇸 | satoshi club:

Even more? Is that possible? 😄👏

Gold rocket | satoshi club:

Btw… Also we would like to know about your team. Who is on the project team core? why do you prefer anonymity?

Josh:

We personally believe everyone in the Mate community wants us to deliver the best product Mate could offer.

Having the entire team’s identities out there could potentially bring in unnecessary noises. We don’t want that, which is why we are staying anonymous. But, we are also reachable in our social channels.

Gold rocket | satoshi club:

Thanks for clarifying! Gotcha😊

Luis merino 🇪🇸 | satoshi club:

Great explanation 👍

Josh:

Trust the code! Not the word!

About the problem we want to solve, let me type it out.

As for the team, the team working on Mate consists of industry leaders with backgrounds from ex-stacks, Airbnb, badger, consensus and polygon (formerly Matic), and sap ERP software, solving some of the most challenging problems in the blockchain space.

Oh yes, the problem!

The problem with DEX trading is, the majority of the trade is executed on a market order, which carries high price impact and slippages. We will be releasing some examples to showcase the price difference between CEX and DEX trading.

Plus, most of the existing limit orders solution on DEX is inefficient, as most limit orders are not filled even when the price meets. Due to this inefficiency, traders had to resort to a market order.

By solving this problem, we help traders make more with their trades, only paying what a token is worth.

Luis merino 🇪🇸 | satoshi club:

How many workers are involved in Mate?

Gold rocket | satoshi club:

I wanted to leave this question for a snack. But you started first 😁 have you audited. If not, do you have this in your plans 😊

Josh:

11 core team members 🙂

Gold rocket | satoshi club:

Well-known and influential names 👍

Luis merino 🇪🇸 | satoshi club:

Thank you!

Gon:

Yes, we have this in our plans, at the same time our limit orders smart contract is designed in a fully non-custodial way. This means your tokens do not leave your wallet until the real trade (order execution) happens. So no issue of lack of user’s funds. As for the farming – we will be utilizing the most secure and audited in the whole DeFi space synthetix contracts for that

Gold rocket | Satoshi club:

Thanks for the great introduction, we will have a question selected for part 1. Ready to start?

Or do you want to add something?

Gon:

Yes, please.

Preselected questions about the Mate DeFi project.

Gold rocket | satoshi club:

Q1 from telegram user @dk177

You have indicated that your governance token, $Mate, can be used for farming and staking on your platform. This is a common feature for all DEX projects with a governance token. In addition to these rewards, what are the utilities of $Mate? Will it be tradable on other exchanges? Do you provide rewards with the same token, or is there a separate reward token? By the way, is your platform secure for long-term holdings? You have indicated that there is a risk of bugs, even for audited and highly reputable projects. According to this statement, new projects like Mate which are yet to be audited can be considered riskier. How do you assure that the holdings in Mate are secure? Is it a good option for a long-term investor to buy a considerable amount of $Mate and hold them in your platform?

Josh:

That’s a long question!

As for the utility of the Mate and long-term holding. You can stake Mate and earn fees for every limit order executed on Mate’s platform, 0.05% is paid out to Mate stakers.

There is a significant shift of traders switching from CEX to DEX in the current cryptocurrency exchange landscape. A popular CEX, Binance makes most of its revenue by collecting trading fees, while BNB can be used to discount trading fees. The majority of DEX doesn’t provide a similar experience to CEX, especially the ability to create limit orders.

Mate collects 0.2% fees per limit orders executed within the Mate platform. Mate’s executor node validators receive 0.15% of the trading fee, while Mate’s receives the remaining 0.05% as xMate as a reward for staking.

In conclusion, Mate rewards payout to Mate’s holders, followed by, zero inflation making it attractive for participants to hold Mate tokens in the long run.

Luis merino 🇪🇸 | satoshi club:

Great answer, josh

Gold rocket | satoshi club:

Really, the benefits are obvious! 👍

Josh:

Mate basically is a win-win for all parties involved.

Traders: get better deal with their capital.

Mate stakers: earn fees

Everyone wins. 👍

Luis merino 🇪🇸 | satoshi club:

Quite obvious 👍

Gon:

As for the safety – we will open source the code just before the launch and it will be transparent to anyone.

We cannot claim its 100% secure, as even the top projects that have been audited by multiple firms have got hacked in the past.

We can claim though, that no contracts except farming will hold any tvl. And as we mentioned we are using a staking rewards contract from the synthetic project for farming (which has been audited by several top tier audit firms)

Gold rocket | satoshi club:

Win-Win 🤩

Gold rocket | satoshi club:

Thanks for detailed answers👏

Gon:

And our limit orders contracts in comparison with the competitor projects are designed in a fully non-custodial way, which means your tokens do not leave your wallet until the real trade (order execution) happens.

Luis merino 🇪🇸 | satoshi club:

You are right. Risk is always there

Gold rocket | satoshi club:

By the way, we have a question on this topic

Gon:

So, the tokens are not stored in our contracts but rather in your wallet 🙂

Gold rocket | satoshi club:

If you’re ready we can jump to the next question. 😊

Gon:

Sure

Gold rocket | satoshi club:

Q2 from telegram user @brainchest

CEX has a deposit and the money is operated within the exchange. On dex, I need to confirm the order and pay a commission on the value of the gas at the time of the transaction. How will this wORK on your dex? Will I have to send you the full value in front of time to the Mate DEX wallet? Otherwise, how will the instant purchase happen when the right price comes in? Even if I get the wallet notification and make the confirmation, minutes will pass and the price will change and I won’t be able to buy at the right price.

Gon:

Good question. Let me answer it in detail…

Luis merino 🇪🇸 | satoshi club:

Sure! Take your time.

Gon:

You only pay gas when placing an order. Still, you are not sending your tokens to our contracts (you keep them in your wallet), you only have to approve spending of your tokens to our contract.

Then so-called executor nodes will constantly watch for new orders and start monitoring pancakeswap for the opportunity to swap your tokens at the rate you specified when placing an order. Executor nodes are charging 0.2% fee on the amount being traded as a reward for fulfilling your order (and they pay gas for executing that transaction)

Josh:

To put it simply, you don’t need to wait for any notification to manually trade it. It does it all for you. 🙂

Create limit order -> price hits -> order filled, no need to check back all the time. 🙂

Gold rocket | satoshi club:

This is a very interesting system. Thanks for your answers. By the way, share your tokenomics with us please

Josh:

There will be several million in max supply, hard cap.

Mate is not an inflationary nor deflationary token, no minting or burning mechanism.

For more details on tokenomics, we will be releasing an official gitbook release on this within days from now. 🙂

Gold rocket | satoshi club:

Don’t forget to share with us😊

Luis merino 🇪🇸 | satoshi club:

Waiting for that release 👀😄

Gold rocket | satoshi club:

Can we proceed. Or you want to add something?

Josh:

100%, once it is live, we will be sharing it via our social channels.

Luis merino 🇪🇸 | satoshi club:

Thank you for the explanation. Satoshi Clubbers, you need to follow them to see the tokenomics @useMate

Josh:

Maybe I can add this point.

Mate token is a governance token with hard cap. There are people asking why we don’t have some sort of burning mechanism, the simplest explanation will be, we don’t see why that is necessary for a token with hard cap.

Other than that, we can move on the next one. 😄

Luis merino 🇪🇸 | satoshi club:

Thanks for the clarification 🙏🏻

Gold rocket | satoshi club:

Q3 from telegram user @victorogb

The Mate project was created to primarily address the challenge of losing unpredictable slippage on placed limit orders. Mate thrives to go one better than the most popular DEX on BSC (pancakeswap) by giving investors the best deal for their money. However, with a majority of your liquidity source and executor nodes from popular defi amm sites like pancakeswap, how does Mate intend to provide best value for it’s users while also trying to improve and better the services provided by the likes of pancakeswap, how is the fee structure for executors and traders on the Mate dex, and asides drawing liquidity from Pancakeswap, what other ways will Mate look to increase liquidity?

Gon:

Take this example for instance. You will receive the amount you see here. Guaranteed.

Mate is sourcing liquidity from Pancakeswap with the future plans of aggregating liquidity from multiple AMMs and going multichain 🙂

So, no matter what could happen under the hood, the amount you should receive will be the one you specified when placing an order, otherwise the transaction will simply not execute

Luis merino 🇪🇸 | satoshi club:

I will indeed use Mate then.

Josh:

You better be!

Why pay for unpredictable price impact and slippages for your favorite tokens?

Luis merino 🇪🇸 | satoshi club:

That’s the question I will make every day now 😂

Gold rocket | satoshi club:

This is a very important point. And I think you have something to be proud of👍

Luis merino 🇪🇸 | satoshi club:

I also think so

Gon:

Thanks 🙂

Josh:

Let me answer this in detail with an example.

Let’s say you are trying to buy ORK token with $10,000 via pcs. And pcs uses market order to fulfill your order. It would look like this.

You would only get 30,237 ORK for the $10,000. Your average price would be $0.3307.

Notice the price impact? And here’s another order with a smaller amount of busd.

Notice the difference?

The price per ORK is now lower and the price impact is lower.

Gold rocket | satoshi club:

Looks great 👍

Josh:

Limit order eliminates this uncertainty.

And only ensuring that you as a trader, buy any tokens with a fixed price per token without uncertain price impact or slippages.

Luis merino 🇪🇸 | satoshi club:

Great explanation 😄😄😄

Gold rocket | satoshi club:

I see you thought it well😉

Josh:

My team thought it well!

Gold rocket | satoshi club:

By the way, it would be great to read your roadmap.😊

Josh:

We will be updating the roadmap soon, but for now, we are focusing on delivering the best limit order experience beyond what centralized exchanges are offering to the DEX traders,

Gold rocket | satoshi club:

Thanks for your clarification. Ready to proceed to the next question?🧉

Josh:

Sure, let’s go!

Gold rocket | satoshi club:

Q4 from telegram user @highpee

The major aim of Mate is to provide a platform that has the ability to allow the placement of limit orders for any BSC tokens. But one of the advantages of cexes where limit order approach is commonly practised is that it allows limit orders to be done on many token pairs irrespective of their network. Are you only going to ensure the trading of assets on BSC network? Are there no plans to bring this innovation to other chains such as ethereum? Also, won’t it be possible for you to take this further and provide a DEX platform that will allow cross-chain limit order placements for token pairs involving multiple chains?

Gon:

As I answered in the previous question -> we have plans to go multichain and source liquidity from multiple amms. Pancakeswap and BSC is just the beginning.

As for the second part of the question -> I personally havent thought about it, but it sounds very interesting. Thanks for raising that point. I will research more into it. 🙂

Luis merino 🇪🇸 | satoshi club:

New idea for Mate

Gon:

Yeeah 😄

Josh:

CEX advantages right now:

1. Limit order
2. Many token pairs with different networks

Mate advantages:

1. Limit order
2. All BSC tokens are supported
3. In the future, for any supported chain, all tokens from the supported chain will be supported. Opening more token pairs than what any CEX could offer.
4. Non-custodial.

Luis merino 🇪🇸 | satoshi club:

Mate is indeed more than a simple CEX

All BSC tokens… That’s a lot 😂😂

Gold rocket | satoshi club:

Indeed. You will create a revolution 😁🧉

Ideas are born from the air to Satoshi club😁

Gold rocket | satoshi club:

What other AMM do you have in your plans?

Gon:

Technically we can support any fORK of Uniswap on any chain 🙂

Gold rocket | satoshi club:

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

Gon:

Sure, let’s get it 🚀

Gold rocket | satoshi club:

Q5 from telegram user @yellowchamp

I see that Mate is being powered by Orakuru , so can you describe your partnership with Orakuru ? What is the main focus and main contribution of Orakuru  to Mate network? Why do you choose to be powered by Orakuru ? What advantages, benefits and expectations you are looking forward from them as a share for the development of your platform? How does Orakuru brings a greater impacts to your network and to your community as a whole? Thank you

By the way, we really love Orakuru and they were at our AMA😍

Luis merino 🇪🇸 | satoshi club:

That’s why you chose the question? 😉😂

Gold rocket | satoshi club:

You know me too well 😁

Josh:

Mate is being incubated by Orakuru.

Orakuru focuses to deliver the best value to ORK holders. For many months, there is a demand from the ORK community to allow staking for their ork. Mate allows that to happen and at the same time, solving a real problem in the DEX space.

Once Orakuru goes to mainnet, Mate will be using Orakuru ‘s oracle.

Gold rocket | satoshi club:

Wel, Great plan😁

Josh:

Orakuru and Mate’s solution not the same!

They are both unique to it’s own value proposition.

Luis merino 🇪🇸 | satoshi club:

Ama-zing!

Gold rocket | satoshi club:

Thank you very much for the clarification.

Ready for the last question of this part😉🧉

Josh:

Sure, let’s ask away!

Gold rocket | satoshi club:

Q6 from telegram user @rotoxy

I have seen that you plan to launch your farm between 9th and 10th of august. However, today is 5th and I have not seen any news on how to buy $Mate which will be you to participate in farming. Was there no private sale and are there no plan for public sales? Can you explain how you plan to distribute your tokens and how investors will be able to get or buy it? Also, can we give us some details on how yield farming will be done when it is launched? Will this be done on your protocol or is it going to be hosted on external yield farming platform? How wil your apy look like when you launch this?

Gon:

There was no private sale. And no plans for public sale. We will share the tokenomics together with the white paper very soon (in the upcoming days).

This is a fair launch. The only way to get $Mate is to farm ork-BNB and Mate-BNB to begin with. (with more farms coming slightly later), or to buy it from the open market (Pancakeswap).

The farming will be done on our own website. As for the APY we can’t say much at the moment, as we don’t have the USD price for $Mate.

Prepare your ork-BNB lp tokens and get ready to farm $Mate -> then get Mate-BNB lp tokens and farm even more $Mate (as Mate-BNB farm will have higher rewards)

Gold rocket | satoshi club:

Thanks a lot for the great answer!

Luis merino 🇪🇸 | satoshi club:

I will prepare those ORK-BNB LP tokens

Gold rocket | satoshi club:

Now please share useful links with Satoshi clubbers in front of the open part

Gon:

As always early birds will get the most rewards, so stay tuned 🚀🧉

Luis merino 🇪🇸 | satoshi club:

I’m hyped, Mates… 😉😂

Josh:

Hahaha I got you！

Gon:

Sure, thanks.

Don’t forget to subscribe to and follow us on our official channels:

💬 @useMate

📢 @useMate_ann

🕸 useMate.com

🗞 blog.useMate.com

🐱 github.useMate.com

🐦 twitter.useMate.com

🤖 discord.useMate.com

Gold rocket | satoshi club:

Thanks for sharing😁😍❤️

Get ready for the most impressive part of our ama! Live questions!🙌🙌🙌

Drink your Mate 🧉tea and fly🚀

Luis merino 🇪🇸 | satoshi club:

Are you guys ready?

Gon:

Ready

Josh:

Ready

Luis merino 🇪🇸 | satoshi club:

Opening chat in 30 seconds. Get your questions ready and remember the rules

3, 2, 1… GO

PART 2.Questions about the Mate project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Mate crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @dorutay1

Currently, the most popular DEX in the BSC ecosystem is Pancakeswap, which trades around $400-$500 million per day.” So, is MATE targeting more than this competitor’s trading volume? What is your most important goal in competition?

Josh:

Pancakeswap and Mate’s goal are totally different.

Pancakeswap is an AMM platform, having high liquidity is a MUST for them. In order to achieve that, they allow anyone to be rewarded with CAKE for providing liquidity to BSC tokens.

Meanwhile, Mate is a DEX platform that prioritizes Limit Order to ensure traders paying the set price per tokens when trading. PCS do not have Limit Order, their focus and tokenomics are completely different. Mate’s generate fee solely from Limit Order trades.

Q – 2 from a telegram user @Tahsinahmett

What will be the role of the MATE token on the platform? How is the actual use? Do owners have voting rights in Governance? 

Josh:

The MATE’s governance model evolves around the community holders who participate in the governance proposal and discussion.

The current MATE’s model and functionalities are never constant as the community can start proposals to modify the Mate’s ecosystem.

Once the governance is ready, anyone can vote on the Snapshot.

CAKE snapshot is a good reference in just you are looking to search for a reference.

Q – 3 from a telegram user @Pratze

NFT is really popular for DeFi project on 2021, do you have any plan development regarding NFT for Mate project? And how about staking system for your project? what will stakeholders get from that stake?

Josh:

We don’t have plans for NFT at the moment, even if we do, most probably it will be super exclusive version of NFT with arts representing strong community members and their past contribution as a story. This NFT idea is not in stone yet.

We might have NFT if there is a great demand and backstories for it.

Basically for staking, rather than holding MATE, you can stake it and earn xMATE. xMATE is earned via the 0.05% from every limit orders executed.

Q – 4 from a telegram user @tankmon354

It is mentioned that limit orders are executed by decentralized executor nodes. So will these nodes be run by the community, or is there some sort of selection process similar to what Orakuru has done?

Gon:

In the current implementation anyone can become an executor 🙂 and get 0.15% fee on the amount being traded as a reward. You can even develop your own executor node implementation if you feel doing that. No restrictions at all

Q – 5 from a telegram user @K2ice

You said you guys will be opening the source the code just before the launch so as to make it transparent to anyone. Don’t you think you might be giving scammers a chance to create a fork of the MATE project by doing this?

Josh:

We will think more about it and probably open sourcing some part of the smart contract. (This might change.)
Given with all the exploits out there, it’s difficult to decide between which approach of transparency is the best as we don’t want our communities to be hurt from bad players out there.

Q – 6 from a telegram user @feranno

Limit orders are also not placed in any central database. The order is placed through interaction with Mate’s smart contract and is executed through a network of enforcers. Could you please explain for many people with insufficient technical knowledge like me, is this difference very important and what is the benefit for us?

Gon:

Mate’s limit order model is very different from how 1inch or 0x (Matcha) are solving limit orders. Most competitors of Mate work on a maker-taker model to place and fill the limit orders. Each maker has to wait for the taker to fill the order. This means even if the limit price is reached and there is no taker, then the order will not be executed.
Mate does not use a maker-taker model for limit orders, instead, we get execution liquidity from DeFi AMM’s.
We wanted the limit order execution to be at most priority and hence have built a model in which the order does not have to wait for a taker if market conditions meet limit order conditions.
The key differences and advantages Mate has over 1inch or 0x(Matcha) or both are as follows:

Decentralized
Mate limit orders are not placed on any centralized database. Order is placed via interaction with Mate’s smart contract and executed via a network of executors.
Our existing decentralized network of executors ensures order execution happens. Even if a single executor has blacklisted a particular order and denies execution of the same, there is always some other executor waiting to execute the order and collect rewards for it. As long as the order fee rewards are greater than the executor’s gas fee, there will always be a financial incentive to execute the order.

Best Liquidity
As AMM’s liquidity pools have the most locked-in assets in DeFi, this helps fuel greater liquidity increasing the chances of successful order execution from Day 1 for the protocol to be usable.
Order aggregation can be done across multiple AMM’s to further increase the liquidity and efficiency of the order execution.

Best Order Execution
No issue of lack of user’s funds as Mate is designed in a fully non-custodial way. This means your tokens do not leave your wallet until the real trade (order execution) happens.
No need to wait for a taker to execute the order. Order is filled with a liquidity provider pool of any AMM.

Q – 7 from a telegram user @iam12312

Could You mention some features of Mate platform that are different/unique from other DEX platform?
Is App live?

Gon:

The answer was in the previous question.

Q – 8 from a telegram user @coinresearcher

Do you have any partnership with Synthetix project and which companies do you partner with?

Josh:

We do not have any official partnership with Synthetix.

We are just using Synthetix open-source smart contract as a reference to build Mate on because Synthetix smart contract is one of the most secure and battle-tested smart contracts out there.

Q – 9 from a telegram user @Arisabela

You mention on your website that your platform allows users to set and forget limit orders that come with your fermentation guarantee. Can you explain this “fermentation guarantee part”? How do you ensure to your users that their orders will always be done and what technology do you use to achieve it?

Gon:

As long as the order fee reward is greater than the executor’s gas fee, there will always be a financial incentive to execute the order. And even if a single executor has blacklisted a particular order or denies execution of it, there will always be someone else waiting to execute the order and collect rewards for it

Q -10 from a telegram user @cristobal zamora

It is clear that DEX have several problems such as: speed, costs, user experience. What makes MATE a DEX different from what is present in the market? Are you able to overcome any of these drawbacks?

Josh:

The current existing solution like 1inch uses a maker-taker model like what Gon said earlier. In other word, even when price meets, trade are not guaranteed to execute.

Our executors model is designed to create the most flawless Limit Order experience. Once the price hits, it will execute without you needing to keep checking it.

Imagine Binance’s limit order without KYC, but on DEX with unlimited BSC token pairs. Clean and simple design for better usability.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Mate project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

  English Telegram group  |  Russian Telegram group   |  Spanish Telegram group  |  Telegram Channel   |  Twitter |  Website 

Our Crypto Partner by this AMA: Mate

Telegram group  | GitHub |  Tweeter  |  Website  |  Medium  | Discord

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from 1DOGE, a comprehensive platform with Static reflection and play to earn gaming mechanisms to enable gamers from all over the world experience Gaming and NFT on the blockchain. The AMA took place on August 8 and our guests was Togo a marketer & blockchain enthusiast.

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

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We are pleased to announce AMA with 1Doge. Today our guests is @supertogo.

Togo: Hi all, Great to be in this great community. Thank you for having us.

Gold Rocket | Satoshi Club:  How are you doing.

Togo: Doing great! How are you doing today?

Andrés M. | Satoshi Club: Excited for this AMA session.

 Gold Rocket | Satoshi Club: we look forward to hearing from you today about your project. so let’s start.Introduce yourself please. How did you get to be involved in crypto & 1Doge? Tell us please about your position in 1Doge?

Togo: Thank you for that question.

I’m Togo a marketer & blockchain enthusiast. Been involved in the crypto space over the past 4 years.  I’ve always wanted to be part of a team building a community driven project that is both fun & profitable. Glad to be a core team member in building 1Doge Finance.

Gold Rocket | Satoshi Club: What is the essence of 1Doge?

Togo: The initial idea came from being a fan of doge coin, we decided to improve on the features of doge coin as well as utility and eventually take the doge clan past the $1 mark with our 1DogeLand NFT Gaming & huge advertising plans.

Gold Rocket | Satoshi Club: Great! How long does it take to develop a project? What plans do you have for the future? And what can we expect from 1Doge?

Togo: So the team has been working on 1Doge since 3 months ago, with the initial planning and smart contract design.

Why we are different.

We have an upcoming NFT game (1doge land) that we envision to be one of the most used DApps in the BSC Ecosystem in the near future. We have a double burn mechanism that is sure to keep our token price ever rising, we also have a unique antidumping feature to maintain a stable price floor as shown on our website.

Gold Rocket | Satoshi Club: Also we would like to know more about your team. Who is on the project team core? @SuperTogo. Are your team anonymous?

Togo: @jasondoge and myself are the cofounders of 1Doge, our team is made up of experts in disruptive technology, cryptocurrency and marketing with wealth of experience in these fields.

The team is anonymous for the time being for security reasons in our home country.

Q1 from Telegram User @Visher_keen

In less than 48hours, you amazingly hit your 110BNB target during the Private sale. Public sale is starting august 12 (10 days to this time). There is no additional information regarding that. From your whitepaper, there would be about 542BNB worth of 1Doge available for presale at the price of 1BNB per 641000 1DOGE. What will be the minimum and maximum amount of 1DOGE each person can buy? Will there be any form of whitelisting? And which Launchpad will you use?

Togo: Yes, there’ll be a whitelisting process. The min buy for presale: 0.2BNB.

Max buy: 2BNB, regarding launch platform, we intend to use unicrypt and a well-known Launchpad, more details would be announced before 12^th.

Andrés M. | Satoshi Club: How to join the whitelist?

Togo: The whitelisting campaign starts Monday, 9th August 14:00UTC. Details on how to participate would be announced in the community channel.

Q2 from Telegram User @Emidm28

You are building the next generation game for android and iOS called 1Doge land, where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. I did read that the 1Doge land will be fun above all else while providing an avenue for savvy gamers to earn passive income. Is there a way for those beginning users who are not savvy gamers to also earn passive income? Regarding contributions to the ecosystem, can less experienced users also contribute?

Togo: Earning with 1Doge is double edged: You can either play to earn or hold the tokens and earn from the static Reflection mechanism.

Gold Rocket | Satoshi Club: do you have a promo video?

Togo: For now, we have shootout videos from 6 well known celebrities. We are also finalizing the first platform video -review. Should be out later today or tomorrow.

Gold Rocket | Satoshi Club: if you want you can share with us.

Togo: So we did a compilation of the video links here:

Torrie Wilson : https://youtu.be/HMozQf4gtDU

Larry Nance : https://youtu.be/JdcDhAElhfY

Hanbyul Jang : https://www.youtube.com/watch?v=Ky-VH1MCNyU

Puggy smalls: https://youtu.be/VLVg84VI0sk

Kentucky & Derby : https://youtu.be/WPPh7bzBVLM

YouTube (https://youtu.be/HMozQf4gtDU)

Torrie Wilson Shout-out to 1Doge. Hear what Torrie Wilson Had to say about 1Doge.  To find out More about 1Doge , do visit our Telegram Community: https://t.me/OneDogeGroup

Andrés M. | Satoshi Club: Could you share us your roadmap?

Togo: Kindly navigate to the roadmap from the website https://1doge.io

Q3 from Telegram User @Crypilord

There are multiple streams of projects that allocates a portion of their token to Charity and at the end not use the allocation for charity directly. In the case of 1Doge, what form of charity model will you use to ensure this portion of the token is used only for charity? How will you disburse the 5% share for charity in a way that will not affect the value of the token since charity organisations uses fund received almost immediately? And for the community, can we actively relate with the charity model?

Togo: Great question. Our charity model. As a project, the giving back model we employ is quite a highly sustainable one. Five percent (5%) of 1Doge tokens is reserved for charity, this means that the charity wallet Will receive 5% of all redistributed tokens per static Reflection. This way, the charity wallet receives 1Doge tokens that will be used to support charitable causes as directed by the community.

Unlike other projects that have once off charity payments or promise to donate to charity and never deliver on their word. This ensures that the charity is always a part of 1Doge and proceeds are delivered to the charity wallets with every static Reflection.

Q4 from Telegram User @victorogb

In an effort to ascertain its reputation of becoming the only token from the Doge clan to take the Doge token to a $1 valuation, 1Doge will integrate a host of cutting edge features. Amongst them are the Static Reflection and Continuous Liquidity Addition features. With such, 1Doge hopes to redistribute 2% of each sell transaction to holders and 2% of all transactions (buy, sell, transfer) will be added to liquidity on Pancakeswap. With a goal of becoming a lead Doge token, wouldn’t it be better having multiple liquidity sources asides from taxes on all transactions, and with your Static Reflection formula, what is the minimum amount of 1Doge tokens to be held in order to benefit?

Togo: In addition to the initial liquidity that will be locked at launch, the 2% on buy and 2% on sell goes to liquidity to keep liquidity pool healthy. While we introduce cool features to keep the price healthy. To benefit from the static Reflection all you need is to hold 1Doge tokens. In your wallet. Redistributed tokens are done based on your proportion of 1Doge tokens.

Gold Rocket | Satoshi Club: Please tell me which feature are you most proud of?

Togo: That’s a tough one. If I was to pick maybe, I’ll go with Play to earn feature.

Q5 from Telegram User @Billz120

You did say that you people are building the next generation game for Android and iOS called 1Doge land, where anyone can earn tokens through skilled gameplay and contributions to the ecosystem, how do make such contributions? Could you please tell us who are anxious and eager to have the Android and iOS 1Doge land on board when it would be available?

Togo: Great question. The static demo will be ready in 2 days. The mvp for desktop and android would be ready by month end. iOS version 5 weeks estimated.

Q6 from Telegram User @Asela1112

$1DOGE tokenomics has an allocation of presale- 63.2%, Token burn- 9.8%, Marketing- 10%, Community Dev- 7%, Charity- 5% & Community services- 5% respectively with a 1,000,000,000 $1DOGE of total supply. Why did you integrate different allocations for Marketing- 10%, Community Dev- 10% & Community services- 5% even these are same with purpose on growth of community? On which concept will you involve in this $1DOGE allocation? And also $1DOGE consisted with ideal features such as hyper deflation, auto & weekly burning mechanism to boost the price of $1DOGE token, Static Reflection to redistribute the holders, continuous liquidity addition in pancakeswap, anti-dump lock & 6% sell fee to prevent from high dumping of $1DOGE value due to the whale activities with 4% buy Tax & 10% sell Tax. Can you point out important facts about these unique features descriptively to understand well? Sometimes burning mechanism is not good at all since it will leads reduce the total number of tokens outstanding in circulation, as the supply of tokens in circulation seems to fluctuate considerably. Do you consider this matter in $1DOGE token auto burning process?

Togo: Good question. We wanted to be very specific with the token distribution and allocation so it’s transparent to our community. While the features highlighted, for example:  The antidumping feature is to keep the price healthy and not cause FUD especially in the initial stages of launch.

The auto burn mechanism is also to increase scarcity and drive higher demand for 1Doge token.

---

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram user @Jennylawn

Do you have AUDIT credentials or are you working to AUDIT your project,” to make it more secure and reliable?

Togo: Yes, we have completed Audit with Solidity Finance.  We’ll publish in the community channel.

Q2 from Telegram user @tomo_fan

There are many Project which doesn’t have any usecase in the real life world, they tend to fall in coming times, what use case does 1Doge has in the real world?

Togo: Our most anticipated use case is the NFT Gaming. We want users and gamers all over the world to experience NFT gaming on a blockchain.

Q3 from Telegram user @muskelon1

can I buy your tokens right now and also which wallet support your token?

Togo: Presale is 12th August.  More details would be announced in the community.

Q4 from Telegram user @Eliasbb

So many doge themed meme token coming in the market. Could you tell us what makes you better than them? What is your best features?

Togo: We pride ourselves as a well thought out Doge themed token: With interesting features like: Antidump mechanism. Play to Earn. Static Reflection mechanism.

And many more : kindly join our community and visit our website https://1doge.io  To be abreast of our new features.

Q5 from Telegram user @highpee

Your PRESALE will take place on Aug 12th and you have place a cap range of 0.2BNB and 2BNB per individual. Are you only going to allow users to buy with $BNB? With the market looking like the bull is back on track, don’t you think it’s necessary to allow other tokens such as $BUSD or $USDT to prevent any form of unfavorable volatility for you and buyers?

Togo: Since it’s a BSC token with launch on PancakeSwap, BNB would be the ecosystem token can be used, busd can be used as well.

Q6 from Telegram user @Miner_001

Hello sir, are there any social medias or online medias for your project from where the users can learn and understand more about your project?

Togo: medium : https://onedogefinance.medium.com/

Telegram Group: https://t.me/OneDogeGroup

Telegram Ann: https://t.me/OneDogeAnn

Twitter: https://twitter.com/1dogeBSC

Facebook: https://web.facebook.com/1dogebsc

Instagram: https://www.instagram.com/1dogebsc/

Q7 from Telegram user @quanap1997

I am a developer and if I found some bugs in1Doge core contracts, how will I able to give report? will you compensate any? Even after several audits, why do you think there will be some bugs?

Togo: Hi, you could send us a mail directly to admin@1doge.io with a report of your findings, we’ll compensate accordingly.

Q8 from Telegram user @DebajitNiloy

What are the MARKETING plans for your project? Does Anything special cooking?

Togo: We have some out of the box marketing plans, we just started with key influencers, banner ads on coinsniper, coinmarket cap, coingecko and other top crypto sites.

This is just the start we’ll update the community on future marketing campaigns.

Q9 from Telegram user @Miner_001

Hello sir, what was your motivation to create the project?

Togo: The initial idea came from being a fan of doge coin, we decided to improve on the features of doge coin as well as utility and eventually take the doge clan past the $1 mark with huge advertising plans.

Q10 from Telegram user @Robotliker1

Do you have a community for non-English speakers and are you a global project or not? Any Ambassador program plans available for different countries?  

Togo: So we just started with foreign communities and we are currently recruiting moderators for them you can find more details on the channel.

Here are links to some of them.

https://t.me/OneDogeGroup

https://t.me/OneDogeChinese

https://t.me/OneDogeIndonesian

https://t.me/OneDogeFilipino

---

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about 1DOGE. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

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

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

Our Partners:

• Medium : https://onedogefinance.medium.com/
• Telegram Group: https://t.me/OneDogeGroup
• Telegram Ann: https://t.me/OneDogeAnn
• Twitter: https://twitter.com/1dogeBSC
• Facebook: https://web.facebook.com/1dogebsc
• Instagram: https://www.instagram.com/1dogebsc/

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 Rocket Launchpad and our guests were @ccfromspace and @Vaught – representatives of Rocket Launchpad . The AMA took place on 6th 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 Rocket Launchpad! Welcome to Satoshi Club😀

D. | Satoshi Club:
Today our guests – @ccfromspace and @Vaught !

Welcome to Satoshi club guys!

D. | Satoshi Club:
🚀🚀🚀🚀

Vaught:
Hey everyone! We are excited to be here!

Mary | Satoshi Club:
Happy to e-meet you 👍

How’s going?

Vaught:
We are doing well! Hard at work making sure we offer everyone the best product we can!

D. | Satoshi Club:
That’s awesome! are you ready to star our AMA? 😇

Mary | Satoshi Club:
Sure👍

Vaught: could you please introduce yourself and tell us more about Rocket Launchpad?🚀

Vaught:
We are ready and excited to get this going!

Sure. So my name is Josh Vaught and I am one of the co-founders of Rocket Launchpad. Kirk (onebalddude), Colin (ccfromspace) and I have been a part of Tezos for about 4 years now, since the ICO. We loved what Tezos had to offer, so we stuck around. Recently Defi on Tezos exploded, and we saw our chance to really engage and help grow the ecosystem. There were tons of builders looking to get their projects going, and we saw a great opportunity in creating a platform to give projects the boost they need.

This is where Rocket Launchpad comes in!

Mary | Satoshi Club:
How many team members do you have?😀

Vaught:
Currently we have 5 members. We actually have all of our team members listed on our site at https://rocketlaunchpad.io/. We have always been about transparency, and we felt that letting people see a face to a product was a big step in that

Mary | Satoshi Club:
Nice start👍🚀

How long were you developing your launchpad?

Vaught:
We started conceptualizing Rocket about 6 months ago. Tezos was just hitting its stride with DeFi around that time and we sort of started looking into it at that point. To test the waters, we worked a whimsical project called $FARM, a simple farming platform that featured monthly airdrops and the ability to experience farming on Tezos. We instantly fell in love with the simplicity and usability , combined with the very very low gas fees (mere cents). We met several other projects building at the time. In a month there were over fifty projects building and this is when we knew it was time to transition back to Rocket and start really building it out

Mary | Satoshi Club:
👍

D. | Satoshi Club:
Nice! so could you call yourself the first ‘launchpad project’ on Tezos? or Tezos already has similar projects?

Vaught:
We will be the first fully operational launchpad on Tezos

Mary | Satoshi Club:
Great! So blue sea of opportunities ahead 😀

Thank you for your intro! Are you ready to go to the questions from our community?😀

Vaught:
Absolutely. That is one of the exciting parts of this whole thing!

Yes! We are ready to go

D. | Satoshi Club:
Let’s go then! 🚀

Q1 from Telegram User @meml97
It came to my attention the fact that Rocket Launchpad was built on top of the Tezos blockchain, can you tell us more about it? Why did you decided to built your project on this blockchain that is not so popular? What kind of advantages does it provide to you as a project but most importantly what kind of advantages does Tezos allows you to provide to new projects as a Launchpad? With the fact that Tezos is not so popular in mind, will you integrate cross-chain interoperability to your platform to be able to get to more new promising projects and investors?

Vaught:
We have been Tezos holders since the ICO. Since the beginning we have loved what Tezos aspired to become. There were a couple rough beginnings, but Tezos made it through and here we are today! Tezos has become one of the fastest and cheapest blockchains in the business, but what makes it so special is how Tezos is run. Proof of Stake ensures that there is a next to non-existent carbon footprint to use it. Upgrades are proposed and voted on by bakers, which are those who drive the POS system. Upgrades happen with no forks or seamless, having next to no negative effect on the blockchain. Actually today Granada was just implemented, which put our blocktimes in half to 30 seconds! Building on Tezos just makes sense. With gas fees being pennies per transaction, projects don’t have to fear the effect of high cost transactions and more users can use the blockchain without fear of expensive failed transactions.

Also, if you look at contract calls, Tezos transactions have gone parabolic!

Mary | Satoshi Club:
Yes, it seems Tezos becomes more and more popular!

Vaught:
Here is a chart showing contract calls per month from: https://better-call.dev/stats/mainnet/general

As for cross-chain interoperability, it is 100% something we have already started looking into. With so much liquidity on chains like BSC and Ethereum, it only makes sense to ensure an easy onramp to Tezos and the Rocket Launchpad.

D. | Satoshi Club:
But don’t you think that transactions on Tezos might be more expensive in future if more and more people will be using it?

Is it hard to connect projects from other blockchains with Tezos? from the technical side.

Frank:
That definitely can happen, but if you look at recent upgrades happening continuously through Tezos governance process, gas fees have been lowered by more than a factor of 10x and block time has also lowered.

D. | Satoshi Club:
👍 welcome to Satoshi Club btw 😊

Mary | Satoshi Club:
Frank: we are happy to see you here 👍

Frank:
Tezos strength is the ability to upgrade and that has been evident in recent upgrades and even the one that happened today actually!

And thank you! Happy to be here!

Mary | Satoshi Club:
Thank you for your answers, guys! Do you want to add something or we can go to the next question 😊

Frank:
Vaught is typing up an answer to this right now 😁

Vaught:
So there is a cross-chain platform that exists on Tezos as well known as Wrap by Bender Labs. They have built a bridge that wraps wETH, UNI, LINK and several other tokens to be usable on Tezos

D. | Satoshi Club:
Got it! thank you for answer! 😊

Vaught:
Of course!

D. | Satoshi Club:
Ready for the next question?

Vaught:
Shoot it on over

Q2 from Telegram User @Highpee
$RCKT has a maximum supply of $500,000,000 and it is your platform utility token. However, yesterday you announced the launch of another token $rkDAO as your governance token. $rkDAO will have a maximum supply of 100,000 and it will be distributed in the ratio 75% to Community and 25% to team. Why is it necessary to have a governance token which is separate from your platform main token? Also, governance token will not be sold but farmed by $RCKT holders and the farm will only run for 1 year. How will you ensure the team will not also farm from the community allocation after farm is live and What will happen after 1 year if you are unable to completely distribute all the community allocation within this period ? And for late adopters that joined Rocket launchpad after 1 year of launch, does it mean they can’t be part of DAO since the distribution farm would have ended by then? Would this fair?

Vaught:
There are two main reasons to have two separate coins, legal compliance as well as wide spread distribution.

For legal compliance, we have communicated with our consultants and legal team and came to the conclusion that having governance inside of our utility token could lead to it becoming deemed a security token. There is no reason to risk that up front, so instead we found a way to distribute the coins to early supporters through an airdrop and allowing individuals to farm $rkDAO from day one. With that, farming is one of the best ways to distribute a coin widely to those that support the platform and own RCKT.

As for the DAO, we have already begun exploring options. There are two projects building DAOs on Tezos and we hope to begin integrating with one by the end of this year. As for the distribution of the DAO after the year of farming, if you wish to participate in the DAO you could always purchase tokens on any exchange it is listed on. We will have it listed on Quipuswap (Tezos based DEX) https://quipuswap.com/.

D. | Satoshi Club:
👍 and also could you explain the utility of $RCKT on your platform? which functions will it serve?

Mary | Satoshi Club:
What about team? Will you farm?😊

Frank:
Our team will not be farming any token from the platform. Our holdings will be locked and unable to be used for at least 6 months. Even after that 6 months, we have decided as a team to not farm as it would be unfair to our users.

Vaught:
$RCKT has several difference uses!

-Can be staked it to earn 30% APY
-Used to stake to qualify for our IDO Tiers (aka Rover Missions)
-Can be used to farm $rkDAO

We also have another exciting feature that we have yet to announce, but hey, what better time than now! We will be introducing something called an IFO (initial Farm Offering). We will be releasing an article on this shortly on Medium, so make sure you are watching out for that. It is going to add a whole other toolset to Rocket Launchpad

Mary | Satoshi Club:
Happy to hear! Honest strategy 👍

Thank you for your answers! Ready to proceed?😀

Vaught:
Go ahead we are ready

Q3 from Telegram User @Cheriemike
It is stated that the more $RCKT a user stakes, the more chances they will have to gain presale access to a launch pool. All $RCKT tokens staked on the platform will be locked for 10 days. After 10 days, all $RCKT tokens can be unstaked. However, every time you unstake and stake your $RCKT tokens, they are locked for 10 days. My question is,In order to stake on Rocket Launchpad,a user need to hold what minimum of your token?Will there be any third party service,allowing small coin holders to delegate small $RCKT quantities,if yes which third party is Rocket Launchpad using for proper identity verification and why?And what is the price range for annual percentage yield on staking $RCKT?

Vaught:
Yes, the 10 days staking lock is correct for when you stake in a tier. In order to participate in the IDOs, you will have to stake at least 25,000 $RCKT to qualify for the first tier. All additional staking services will happen on our site through our smart contracts!

We do use Synaps KYC service for verifying our users.

The APY for the farm will be 30%.

Frank:
As for the tiers, I think this is a good time to drop our one pager! At the bottom you will see tiers.
You can also find this information on our website https://rocketlaunchpad.io

Mary | Satoshi Club:
So, even if user will hold 25k RCKT he will need to pass KYC verification?

Frank:
to participate in an IDO, yes!

We have had many many chats with our consultants and legal team to make sure we are compliant and here for the long run.

D. | Satoshi Club:
I like how you named each tier 😁👍

Mary | Satoshi Club:
Gotcha!

Frank:
All @Vaught on the tier names 😂

D. | Satoshi Club:
@Vaught quite original 👏

Mary | Satoshi Club:
Thank you for your answers! Ready to jump to the next question, guys?😀

Frank:
We are ready to go!

Q4 from Telegram User @Arisabela
I could see an ad about people who already KYC on your site and who automatically entered a whitelist, is this the only way to enter the whitelist? Do you have a link to access? When are your first presales planned and what advantages will whitelisted users have?

D. | Satoshi Club:
Partially answered 😉

Vaught:
Love that question! We are a fully KYC compliant IDO launchpad. With that, we have partnered with the industry leader Synaps to provide this service. Rest assured they take your personal data seriously and have made the process to KYC extremely simple. If you want to gain access to the RCKT token sale or any IDO token sale, we do require you to KYC.

You can KYC directly from this link: https://rocketlaunchpad.synaps.io/
Or from our launchpad for the RCKT token here: https://app.rocketlaunchpad.io/projects/bd25adc5-8f70-40d0-a96d-a55c3d03fb30

Our first GIF IDO is scheduled for Aug 28th! You can read more about GIF here: https://gif.games/

D. | Satoshi Club:
I think i have heard about Synaps 🤔 definitely we are pretty familiar.

Mary | Satoshi Club:
Good luck with your first IDO🚀

Thank you for your answers! Ready to jump to the next question?😀

Vaught:
Absolutely

Frank:
Thank you! It is an amazing project and we are all excited to see it grow. gif.games

Q5 from Telegram user @NataliyaKil
On your site, I found the opportunity to apply for the launch of my project for me! What does the whole process look like after I submit the completed form? How long does it take to consider an application? What requirements should my project meet, what do you pay attention to in the first place, what conditions should I fulfill and what are your actions in the future?

Vaught:
So happy you are interested in submitting your project through our submission form! We have been meeting with projects daily and the first thing we look at is simply what are you building and can you or your team actually make that a reality. To make that decision, we look at the workload expected followed by the qualifications of the team.

Next, are you building a defi product, a game, or something entirely new? Also, make sure you have good documentation or a whitepaper ready to go when suggesting a project. We need to know you have actually put in effort to make this project and are serious about bringing it to life.

From there, we provide support for the following:

-Tokenomic review and consultation
-Token sale smart contract creation

• Utility token creation
• Token distribution through smart contract
• Marketing to Rocket Launchpad’s user base through Twitter, Reddit, Telegram and Discord promotions
• Adding your token to the Quipuswap exchange
• Providing liquidity to the Quipuswap exchange

Mary | Satoshi Club:
What are the reasons you can reject a project? Do you take any responsibility if a project will fail or scam its users? As you know scam isn’t always ‘rug pull’, it can be soft scam😀

D. | Satoshi Club:
By the way, I’m curious if teams can stay anons if they would like, or KYC from them is compulsory?

Frank:
As list in our documentation page https://docs.rocketlaunchpad.io, we do force projects to add liquidity for their token pair and lock that liquidity in a smart contract for a certain amount of time. Therefore, rug pulls cannot happen for that period of time.

As for scams, we also have project members KYC. If a project decides to do a “soft” scam, we will have all of their personal information and will immediately report them to the authorities. In the future, we want to create an insurance fund and that is planned for Q4.

Frank:
We will not allow anonymous teams. We have made that decision early on. There are too many teams contacting us right now and no need to take that risk

Mary | Satoshi Club:
Perfect 👍

Thank you for your answers! Ready to go to the 6th and last question from this part?

Vaught:
Fire away

Q6 from Telegram user @yellowchamp
On your Roadmap 4th quarter of 2021,you plan to incorporate a Baking service IDO funding pool. So,can you explain to us more about this Baking service IDO funding pool that you are going to launch in Rocket? How will this Baking service works and how it will be implemented in your platform? Why is there a need of IDO funding pool with your Baking service? Literally,what will be the utilization and allocation for the fund that will be getting from the Baking Service IDO funding pool? Thank you

Vaught:
With Tezos, if you run a node that verifies transactions and blocks, you are considered a baker. Individuals can delegate their staking rights to bakers and earn around 5.5% of the XTZ they have staked every baking cycle (3 days) from their XTZ holdings. We recently started a baking node and plan to open up the service to individuals in a couple months. Instead of receiving XTZ every 3 days like normal, we would store that XTZ until we have a certain amount saved up. At that point we would use those funds to participate in an IDO for everyone delegating to our baker. Simply put, you can participate in an IDO simply by delegating to us. We are still finalizing and figuring out how we will allow users to select what project to invest in and how much XTZ should be built before participating in an IDO, but the idea is extremely exciting to us and we can’t wait to see it in action.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Nhairym
Who is in charge of selecting and defining which are the best projects and through which procedures determine it, because it is important for you that Rocket does not handle funds, as will the evaluation process that you will use to later make the necessary improvements and achieve that the user experience is safe, fast, reliable, simple and completely decentralized?

Frank:
Our entire team meets and discusses potential projects. It is a full team decision. We ensure that we do not touch funds and our smart contract handles the entire process. We want the process as trustless as possible!

Q2 from Telegram user @Hermbh28
I am thinking to bring my own project for IDO. So what are requirements do I need to full fill? I mean fee and other structures?

Vaught:
We would love to have talks with you! If you check out https://docs.rocketlaunchpad.io/launching-your-project/submitting-your-project it details everything we are looking for. We charge a 2.5% fee of the total funds raised and that is the only fee we charge! its all about helping projects on Tezos.

Q3 from Telegram user @Akira236
I am really excited for the upcoming Pre-sale,
What tokens can we use for purchasing?
Is there a KYC process?

Colin:
We are going to of course accept Tezos $XTZ, and the stablecoin $kUSD. There is a KYC process. You can check it all out on our website!

https://app.rocketlaunchpad.io/projects/bd25adc5-8f70-40d0-a96d-a55c3d03fb30

Q4 from Telegram user @Ajpaa
How strong is your marketing to grow project?

Frank:
We have recently pushed advertisements in all the major outlets, Cointelegraph, yahoo, MarketWatch, and 100s of others. See here for example https://cointelegraph.com/press-releases/decentralized-ido-platform-rocket-launchpad-launches-into-the-tezos-ecosystem

We plan to keep rolling these press releases out with major news and continue AMAs.

Tezos also has xtz.news and we often push information there.

Q5 from Telegram user @TheKop9
Are you in discussion with projects to be launched on Rocket already or are you not there yet? Could you elaborate?

Vaught:
We actually do have projects lined up and ready to launch. We don’t want to elaborate too in-depth, as we want to make sure those projects get the spotlight when it is their time to shine. With our token sale happening this week, we plan to slowly announce the next projects and not let our presale marketing strategy interfere with our launched projects.

Q6 from Telegram user @K2ice
How does Rocket Launchpad address the issue of users not getting KYCd on time before deadline?

Colin:
If users are having issues with their KYC, we are going through and manually checking their verification to ensure everyone who submitted KYC can participate if eligible!

Q7 from Telegram user @Smartling
How does Rocket provide support for Tokenomic review and consultation?

Frank:
We see dozens of projects and are pretty aware of what can work and what simply will not.
We work with teams to provide feedback and actual revisions of documentation and tokenomics. We are not extremists when it comes to this process, but we do voice our opinion.

We want teams to be successful. If teams are successful then that means Rocket is successful and RCKT token holders will benefit.

Q8 from Telegram user @coinresearcher
Where is $RCKT token listed right now and how can I buy it? Can I buy it with my metamask?

Vaught:
$RCKT is not trading right now. Our presale starts 07 Aug @1000 and runs until 15 Aug. After the final presale ends, we will add liquidity to Quipuswap and the token will begin trading. You will not be able to use Metamask, as that is an ETH-based wallet. The best wallet to use is the Temple wallet located here https://templewallet.com/. It integrates with a ledger and is a great and easy wallet to use.

Q9 from Telegram user @csgonub
There are two coins on Rocket Launchpad $RCKT and $rkDAO which one is better to invest for the long term?

Colin:
$RCKT and $rkDAO have very different utilities! $RCKT is going to be the primary token to participate in IDOs.

$rkDAO is our governance token. It will allow the community to make and vote on changes to the platform. It will also be used in the future to earn a portion of fees generated from the Rocket Launchpad!

Q10 from Telegram user @BJosefina61
Projects intended as security tokens may not be listed on Rocket; Does this mean that you are focused on projects with UTILITY tokens concept?

Frank:
This is exactly correct. We are launchpad-focused utility tokens only! Security tokens are reserved for security platforms and regulated by organizations like the SEC.

We have a token framework we utilize to ensure we only list utility tokens.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Rocket Launchpad. 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
Rocket Launchpad Telegram community: http://t.me/rocketlaunchpd
Twitter: https://twitter.com/Rocketlaunchpd
Website: https://rocketlaunchpad.io

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Monsters Clan, a digital monsters NFT game based on the lifestyle of Monsters in their own World on Blockchain. The AMA took place on August 7 and our guests was @DobbyMONS, Chief Marketing Manager at Monsters Clan.

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

---

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Gold Rocket | Satoshi Club: Hello, dear Satoshi Club! We are pleased to announce AMA with Monsters Clan. Today our guest is @Dobby MONS.

Dobby | Will never DM first: Hi there, thanks for inviting me over! Hope you all are doing great.

Gold Rocket | Satoshi Club: We are very glad to conducting AMA with Monsters Clan! How are you doing?

Dobby | Will never DM first: I’m glad to attend this AMA. I’m great. Let’s start with the AMA everyone has been waiting for.

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

Dobby | Will never DM first:  I am Dobby Mons, Chief Marketing Manager at Monsters Clan. I joined crypto in late 2017 and became the part of Monsters Clan Core team. I have worked with the team in several projects and now have become the part of Monsters Clan project.

Monsters Clan is a digital monsters NFT game based on the lifestyle of Monsters in their own World on Blockchain. One can own, collect, generate, trade, and play their NFT monsters in Monsters Clan. For more detailed analysis, you can check out the investment deck and whitepaper attached below that will provide you enough transparency about the potentiality of our project.

Gold Rocket | Satoshi Club: What is the essence of Monsters Clan?

now there is a boom in blockchain games. how is yours different from everyone else?

Dobby | Will never DM first: Monsters Clan is a first ever NFT game based on a lifestyle of Monsters allowing players to control their monsters and fight their battles.

Andrés M. | Satoshi Club: How this idea came to your mind?

Dobby | Will never DM first: The Blockchain game we are working is entirely different from other Blockchain games, we have different kind of mechanics and it is the first User-Controlled NFT Blockchain Game. Where user can enjoy live action in the Battle Arena and Also Earn $MONS tokens. It is a Play to Earn game and has a lot to offer.

Our team is working day and night to bring the best for its users.

Gold Rocket | Satoshi Club: How long does it take to develop a project? What plans do you have for the future? We would like to know more about your team. Who is on the project team core?

Dobby | Will never DM first: Ha-ha, as this idea gives many people the opportunity to enjoy the game and also earn at the same time.

Andrés M. | Satoshi Club: Great job, your effort will be rewarded, btw do you have any video trailer to show us part of the monster universe?

Dobby | Will never DM first: Also, unlike other blockchain games, Monsters Clan is user-controlled NFT game allowing users to buy, control and fight their monster characters into challenging fight modes and tournaments. Moreover, Monsters Clan also introducing a concept to Rent NFTs for the first time to make it more feasible and easy for gamers to proceed into the game. PVP mode makes Monsters Clan more interesting for users to play and compete against their friend as well.

Q1 from Telegram User @kimzyemma

Monster laboratory is divided into three, Acid purpose; and Potion Purpose; For which purpose do you allow user to rent a desired laboratory from monster clan? Is this benefit/opportunity meant for some certain people? I want to know for how long we can rent lab? After the duration of renting lab expires, what will the user give in return of renting a laboratory? What are the requirements before interested user can rent a desired lab from Monster clan?

Dobby | Will never DM first: For those who cannot afford to buy a laboratory can take it on rent from the owner who has put his lab on rent in Monsters Clan marketplace. The owner of laboratory will earn $MONS whereas the one who paid rent of laboratory will be able to use this laboratory for creating acids or creating monster babies from rented laboratory. It depends on the owner of laboratory that for how long he wants to offer his laboratory on rent. A detailed guide about laboratory will be shared as well to clear all concerns and queries.

Stay tuned to our Grumpy Paper https://bit.ly/3Ckq9kp.

Andrés M. | Satoshi Club:  Could you share some pics of the game to check the designs?

Dobby | Will never DM first: Pictures and idea will be shared soon. Don’t worry about that.

Gold Rocket | Satoshi Club: @Dobby_MONS What’s your favorite monster.

Dobby | Will never DM first: Hahahahha every monster is my favorite as every monsters represents its own unique abilities.

Gold Rocket | Satoshi Club: Thanks for your answer ready to proceed to the next question.Or want to add something.

Q2 from Telegram User @yellowchamp

Two of the great and cool features of Monster Clan is that we can create monsters and we can also trade monsters. So, could you explain how can we create monsters in your platform? What are the things we need to create monsters? Do you have any tutorial video or guidelines on how to create our own monster? What will be the use of this monster if we can create our own monster? Also, how can we trade the monster? Who will be our target market in trading monster? How will be this monster be utilized and have value in Monster Clan network? Can we also trade the monster outside your platform? Thank you.

Dobby | Will never DM first: You can create your monsters by following the process of making potion and process it in laboratory to create monster baby.

Moreover, you can trade your monsters on Monsters Clan marketplace for now. Kindly go through Grumpy Paper (https://bit.ly/3Ckq9kp) to have more details about creating monster baby. Moreover, a detailed guide about monster’s creation will be shared soon.

Andrés M. | Satoshi Club: There will be different categories of monsters? I mean some of them will be rare and more difficult to find?

Dobby | Will never DM first: Yes, surely there will be different categories of monsters that depends on how you make it up to every level.

Yes, rare and very worthy to have your hands on.

Andrés M. | Satoshi Club: Perfect, what methods of payment do you accept different to $MONS tokens?

Dobby | Will never DM first: Just $MONS for now, we may introduce more in the near future. We’ll have gems and coins as in-game currency which can be used to do different things within the game.

Gold Rocket | Satoshi Club: @Dobby_MONS how can I become a landowner in the game?

I saw there are islands in the game, it interested me very much.

Dobby | Will never DM first: You have to purchase the land through auction using $MONS tokens and become an owner of it. You may also rent it out to other users.

Q3 from Telegram User @konditer_rolex

Immediately I want to clarify how accessible the game will be for users. What is the minimum amount needed to enter the game? And will it be a browser game, or will there be a client for PC and applications for mobile? Will I be able to fight monsters in a subway car on the way to work, or is this a housewife game?

Dobby | Will never DM first: There are no such hard requirements to enter in the game but you will have to own Monsters to start your journey in Monsters Clan. Monsters Clan will be available on Google Play, App Store, Windows/macOS.

Andrés M. | Satoshi Club: Everyone can join, Btw, is needed any kind of KYC to use the platform?

Dobby | Will never DM first: yes, but you need to own monsters to start.

Andrés M. | Satoshi Club: Now please tell us, how to buy Mons tokens?

Dobby | Will never DM first: We’ll have Private, Public sale of tokens.  You may purchase tokens in the private sale, pre-sale or IDO. You may check the whitepaper for further details.

https://bit.ly/3Ckq9kp  Sale schedule and buying guide for $MONS will be shared on Monsters Clan social channels. Stay tuned.

Q4 from Telegram User @KASG95

I understand that they have 7 different types of Monsters, but are they really the only types of monsters that we can play in Monsters Clan? or really each user can modify the physical characteristics of those monsters? And also, can they also create their monsters totally different from the 7?

Dobby | Will never DM first: There are three main types of Monsters:

Potioner, Fighter, and Master.

The monsters will be classified to these three above. you may read Grumpy Paper (Whitepaper)

Andrés M. | Satoshi Club: There is a Lore behind the monsters? Each monster has their own history?

Dobby | Will never DM first: Yes, every monster does its specific job, will be revealing soon with a video.

Q5 from Telegram User @Asela1112

You have strategic partnership & investors with IR21 CAPITAL, BINANACE SMART CHAIN, RD AUDITORS & Prostarter. These are huge partnerships. How is the contribution from them to Monster Clan platform & from Monster Clan to these mentioned above partnerships? Can you tell me which kind of partnerships; you will be alliance in future?

Dobby | Will never DM first: Yes, all of these are strategic partners and backers of Monsters Clan. Further partnerships will be announced soon and published on the website.

Andrés M. | Satoshi Club: Do you have more current partnerships?

Gold Rocket | Satoshi Club: Are you planning to trade your NFT on Binance Marketplace?

Dobby | Will never DM first: Yes, we are publishing soon on the website and the twitter.

Andrés M. | Satoshi Club: Let’s talk about security, have you done audits or hackathons to assure that everything is SAFU?

Dobby | Will never DM first: Binance and OpeanSea are on our list, we may enable that in future.

all NFTs will be available on Monsters Clan NFT marketplace. Further details regarding NFT marketplace will be shared soon.

Yes, our code has been audited by RD Auditors. You may check the report form our website.

https://www.rdauditors.com/wp-content/uploads/2021/08/Monsters-Clan-Smart-Contract-Security-Audit-Report.pdf

Q6 from Telegram User @charliepotz

$MONS is a digital native currency of Monsters Clan that will be used for in-game purchases and different activities. $MONS is a BEP20 token built on the Binance Smart Chain Network. So can you tell us where we can buy $MONS? Do have presale, public sale or IDO? If so, can you tell us the schedule?

Dobby | Will never DM first: Yes, there will be seed round, pre-sale and IDO Sale of $MONS as well. Stay tuned on all Monsters Clan social channels and wait for an official announcement regarding sale schedule.

Andrés M. | Satoshi Club: Thanks for the answer, please tell us about the tokenomics of the token, max supply and market cap.

Dobby | Will never DM first:  Kindly read the grumpy paper (whitepaper) of Monsters Clan to find out all details about $MONS tokenomics.

https://bit.ly/3Ckq9kp

---

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram user @King Raja

What are the tools available for creating Monsters? How easy is Monster trading on Monster Clan Platform?

Dobby | Will never DM first: You will need to have potion cauldron and follow other requirements to create monster baby. You will be able to easily buy or sell monsters on Monsters Clan NFT marketplace. For more information about creating monsters, read whitepaper.

https://bit.ly/3Ckq9kp

Q2 from Telegram user @thurramm

What is your roadmap for 2021? What are notable milestones we should look forward in 2021?

Dobby | Will never DM first: We’ll be releasing the MarketPlace in September and Alpha Version of the Game. Then the beta version of the game will be released in December.

Q3 from Telegram user @Smartling

Will trading of Monsters on Monster Clan cost me a fee or will I be able to trade monsters for free?

Dobby | Will never DM first: The Buyer will be paying the fee of the monster trade.

Q4 from Telegram user @Rakshitx5

People enjoy playing blockchain games because it helps them to earn money. So can monsterclan earn them more profits than other available games in the market?

Dobby | Will never DM first: Monsters Clan is a Play to Earn Blockchain game. Users will have a chance to participate in tournaments and different games to earn XP points, coins, gems and last but not least $MONS tokens.

Q5 from Telegram user @Ratash97

Are the $MONS tokens the only way to purchase monsters in the monster’s marketplace?

Dobby | Will never DM first: Yes. For now, You’ll need $MONS to buy the monsters. We might introduce more ways to buy monsters in Monsters Clan marketplace.

Q6 from Telegram user @K2ice

What is the correlation between laboratories and monsters?

Dobby | Will never DM first: One will have to access laboratory in order to create monster baby OR to create special acids to feed/upgrade monsters.

Q7 from Telegram user @Guandog

Can Monsters Clan NFTs be traded on secondary markets or external NFT marketplaces like Binance NFT Marketplace?

Dobby | Will never DM first: Details about Monsters Clan NFTs on secondary NFT marketplace will be announced in the future.

Q8 from Telegram user @Deberem

How do you create awareness to other regions? Are there group of different region we can join?

Dobby | Will never DM first: No, we don’t have any group but we will do Allot of AMAs having in different regions and for different languages, so everyone reaches us fairly.  

For updates Follow our channels

Facebook   https://bit.ly/3l4RDVb  

Discord  https://discord.gg/RTP8wdxG2j 

Medium  https://medium.com/@monstersclan   

Twitter  https://twitter.com/_Monstersclan  

LinkedIn  https://www.linkedin.com/company/monstersclan  

Telegram Chat   https://t.me/MONSofficial  

Telegram Announcement   https://t.me/MONS_Ann

Q9 from Telegram user @bigboicity12

So many projects just like to speak about the “long term vision and mission” but What are your short terms objectives? What are you focusing right now?

Dobby | Will never DM first: Good Question. We are creating an environment for Blockchain gamers which is ever lasting. For Now, we are focusing on the Game development in best way possible. Making a great audience and provide them with the best experience ever. We are working hard to provide the product to users as soon as we can.

Q10 from Telegram user @Zohaya

Do you have any video tutorials on how to play the Monster Clan game? What do we need to be able to play the game?

Dobby | Will never DM first: We will soon be publishing a video of the history of monsterclan and also a video to tell you every insight that will be happening. A very vast team is working behind this idea.

---

PART 3, QUIZ AND INFO

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

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

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

Our Partners:

• Facebook: https://bit.ly/3l4RDVb  
• Discord: https://discord.gg/RTP8wdxG2j  
• Medium: https://medium.com/@monstersclan  
• Twitter: https://twitter.com/_Monstersclan  
• LinkedIn: https://www.linkedin.com/company/monstersclan
• Telegram Chat: https://t.me/MONSofficial   
• Telegram Announcement: https://t.me/MONS_Ann

We are pleased to announce our next AMA on August 9th 2021 at 05:00 PM UTC Time: Satoshi Club x Swaperry

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

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

Part 3: 300$ – A quiz about Swaperry

For more details:
Swaperry Website – swaperry.com
Swaperry Telegram – @swaperry
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 YDragon and our guests were @Leonk19, @HalfdanYDR, @O_C_T_A_L, and @RaidenRed – representatives of YDragon. The AMA took place on 4th 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

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

Raiden – YDragon CEO:
Hey guys

Gold Rocket | Satoshi Club:
Today our guests are @Leonk19 @HalfdanYDR @O_C_T_A_L @RaidenRed😊

Welcome to Satoshi Club 🚀

Leon, YDragon CMO:
Hey everyone! Thanks for having us here 🙂

OCTAL:
Hi guys!

Halfdan – Ydragon – NEVER DM YOU FIRST:
Hi guys, glad to be here today with all of you !

Andrés M. | Satoshi Club:
YDragon Family, welcome to our group👏

We are happy to have you here!

Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, @Leonk19 @HalfdanYDR @O_C_T_A_L @RaidenRed!

How are you doing 😊

Halfdan – Ydragon – NEVER DM YOU FIRST:
We are good good, a lot of actions going on and it’s very exciting !

Leon, YDragon CMO:
Really good thank you, we’re excited to be here and to discuss our project with you. I hope everyone is doing well today.

Gold Rocket | Satoshi Club:
Satoshi Club really happy to have you here today😊

So… Let’s start!
Introduce yourself please. How did you get to be involved in crypto & YDragon?
Tell us please about your position in YDragon?

Raiden – YDragon CEO:
I’m Raiden, the CEO of YDragon. I was a core library contributor at a multi-billion dollar blockchain juggernaut, Big Data analyst for a secondary market platform, ex-founder and CEO of an ambitious tech startup and am a back-to-back high performance computing hackathon winner.

OCTAL:
Yeah so I’m COO of YDragon, my experience comes from being a day trader for a few years, a backend dev at a big investment bank for another few, and a web/mobile project manager later on for 4 years. Now I work at YDragon full time.

Leon, YDragon CMO:
Sure, so I’m Leon, my background is in project management and marketing, and I have worked on delivering large scale consulting projects in the software industry. I also recently worked on delivering projects and managing change within one of the largest cryptocurrency liquidity providers. I now work on YDragon full time and have been working in this space for 4 years.

Halfdan – Ydragon – NEVER DM YOU FIRST:
I’m Halfdan, Chief of Business for YDragon. I’ve been working in IT for 8 years as a business manager for some top tech companies (most famous being Oracle).
I’ve been in crypto since 2017 where I was a small investor on my own and started to work on several projects. I even got the chance to go to Asia and meet some really good projects such as the Huobi team in their HQ in Singapore or even to participate in Blockshow 2018. And now I’m working full time for YDragon since January

Andrés M. | Satoshi Club:
Great personalities here😁, it’s an honor for us.

What is the essence of YDragon and which problems do you try to solve?

Gold Rocket | Satoshi Club:
Guys! your experience is really impressive🔥😊

What is the main idea of the project?

Raiden – YDragon CEO:
The increasing growth of the DeFi market is creating a plethora of opportunities for investors, leading to brand new innovations. Some of these innovations may focus on improving the DeFi evolution on Ethereum, whilst others may focus on building DeFi infrastructure on other chains.

This creates a problem of choice for traders due to over-saturation of projects. Gaining exposure to the opportunities presented across the market is therefore time consuming, technically difficult and involves risk.

Investors want to access the best opportunities they can, with ease, and YDragon was born to allow them access to momentum enhanced opportunities, by allowing them to have a diversified portfolio spread across multiple blockchains with ease.

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 YDragon?

Leon, YDragon CMO:
Sure, so the main idea is partially covered by what Raiden said above. We’re trying to address a lot of key issues for investors and traders, but we’re really trying to simplify the process of investing and allowing users to diversify their portfolio, reduce their risk but also maintain the benefits associated with DeFi

Gold Rocket | Satoshi Club:
Gotcha👍

Leon, YDragon CMO:
It depends on the project and its complexity, but we’re been working on the background logic since last year, though our frontend work is still in development. YDragon has multiple goals set in place to advance the project further across all areas. We are planning to achieve a big TVL from the get-go by working on marketing, partnerships and project development in parallel. Our team is experienced enough to deal with all of these aspects which will allow YDragon to achieve the milestones we have put in place.

Andrés M. | Satoshi Club:
Now, please explain us the name and logo of YDragon😃

OCTAL:
The “Y” stands for Yield so YDragon means Yield Dragon. The inspiration behind YDragon was to develop on the themes around ancient dragons hoarding and protecting treasure and gold. So the bottom line is that YDragon is a platform built from the ground up to protect investor assets and provide a safe place to earn reliable returns.

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

Halfdan – Ydragon – NEVER DM YOU FIRST:
As for the logo, you can notice our dragon’s head is actually forming a Y 😉

Gold Rocket | Satoshi Club:
Thanks for clarifying ☺️🐉🐲

Yes, decently laconic and beautiful 🐲👍

Halfdan – Ydragon – NEVER DM YOU FIRST:
We are a core team of 4 that recently expanded to 12 members, including a large outsourced dev team, and we’ve been working on this project since the beginning of this year. YDragon was born out of the idea that the Defi space doesn’t have a mature set of tools that empowers investors in risk management via diversification across the whole world of blockchain.

We want YDragon to be the one-stop shop for investors wanting to park their money and benefit from a diversified set of investments and innovative defi instruments.

Andrés M. | Satoshi Club:
So creative, I like it.

Gold Rocket | Satoshi Club:
You have really ambitious goals🐲

Andrés M. | Satoshi Club:
Are you an anonymous team?

Halfdan – Ydragon – NEVER DM YOU FIRST:
At the moment, we can be seen as anonymous in our website but we are going to update it in the coming days with public faces for most of us 🙂

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

This is a good sign😉

Halfdan – Ydragon – NEVER DM YOU FIRST:
Let’s (gold) rock(et) it ! 🙂

Andrés M. | Satoshi Club:
Agree.

Gold Rocket | Satoshi Club:
🚀

Q1 from Telegram User @kimzyemma
Your token $YDR is a UTILITY token and the same time a GOVERNANCE token where users will have ability to vote and decide of the future of the YDragon indexes & strategies, and earn passive income at the same time. Why $YDR possesses two functional assets? Governance tokens are created by developers to allow token holders to help shape the future of a protocol while utility tokens are issued in order to fund development of the cryptocurrency? What will be the effect of your token in market? How do you want to prove transparency of your token?

OCTAL:
You can view governance as a form of utility: for investors that are interested in being part of the future of what they are investing in, being a part of that process is a form of utility for them. So we don’t view as being a governance token and a utility token as being two mutually exclusive aspects of a cryptocurrency.

Gold Rocket | Satoshi Club:
By the way, it would be great if you could share your tokenomics with us here😊

OCTAL:
As for the last few questions regarding the effect of our token on the market, I think whatever utilityt is added to a token, the more positive it has of an effect on price appreciation: the more utility a token has, the more diverse the holder group is of that cryptocurrency. More utility is always good to have, as your project caters to a diverse set of interests

Andrés M. | Satoshi Club:
Is there more usecases of $YDR? What are the main benefits for long term holders?

Raiden – YDragon CEO:
We’ll release the tokenomics when we announce the IDO during mid-August

Gold Rocket | Satoshi Club:
Don’t forget to share with us😊

Raiden – YDragon CEO:
YDR is the utility & governance token of the YDragon ecosystem. YDR captures the growth of every index within the ecosystem, receives numerous revenue sources, allows the community to participate in governance and therefore provides incentive to hold. YDR will accumulate numerous revenue streams from fees on many indexes as well as from the yield bearing collateral and increased exposure to YDR in the indexes of the YDragon ecosystem. Users will be able to provide liquidity for indexes and farm YDR or stake index coins and earn YDR.

We are also working on other soon to be announced usecases to push YDR to new heights.

Gold Rocket | Satoshi Club:
Thank you very much for the detailed answers! ready for the next question or want to add something? 🐲

OCTAL:
Ready for more!

Q2 from Telegram User @Right_clicK1
Your ecosystem was created in such a way to accumulate value across the whole DeFi landscape and your index is initially launch on BSC due to its relatively low fees and increment in popularity. Since it is a initial launching, does that mean it will be withdrawn from BSC and placed in another chain, IF NOT, what are others blockchain you have in plan to integrate? You incentivizes user by having 0% fees for minting index token during initial minting event (IME), what are other incentive programs you have for the community in your project?

OCTAL:
No it will not be withdrawn from BSC of course 🙂 And yes, we are planning on spanning as many blockchains as possible by releasing indexes native to other blockchains one at a time. For example, as you might have seen, we are partnered with Polygon so expect an index for Polygon-native projects.

As for other incentives, nothing is set in stone but we are constantly brainstorming new ideas to entice new investors with investing in our indexes early.

If you’re curious, you can check out our medium article about IMEs and potential incentives (info at the bottom): ydragon-io.medium.com/d6fcacb1ec6c

Gold Rocket | Satoshi Club:
I know you have a valid Razer giveaway btw? Please share with Satoshi Clubbers🐉

Raiden – YDragon CEO:
Yeah we’re doing a massive giveaway for the community, here are the details for it:

Complete the tasks here: https://gleam.io/mYvzj/ydragon-razer-giveaway to be in with a chance at winning one of the three below prizes!

1st🥇A top of the line Razer Blade 15 Gaming Laptop!
2nd🥈A Razer Huntsman Mechanical Keyboard!
3rd🥉A Razer Kraken Headset!

There is 1 entry per task completed, so for the best chance to win a prize, complete as many as you can!

Good Luck!

🐉🐉🐉🐉🐉

Halfdan – Ydragon – NEVER DM YOU FIRST:
We wanted to change a bit from the basic “airdrop” stuff we see everywhere that can be a bit redundant. We are very happy to see our community excited for this first (of a long serie) giveaway/contest.

Andrés M. | Satoshi Club:
Amazing prizes, let’s join Satoshiclubbers

Gold Rocket | Satoshi Club:
Don’t miss great opportunity Satoshi Club 🚀

Thanks for your answers and clarification! Ready to proceed?😊

Leon, YDragon CMO:
Go for it 🙂

Q3 from Telegram User @yellowchamp
YDragon just announces collaboration with ICON Hyperconnect. So,why does your platform choose to collaborate ICON network? Can you describe your collaboration with them? What are the win-win benefits that you bring to each other’s platform? Is this collaboration good for long term partnership? How will you consider partnership with them with suitability with each other? Thank you

Halfdan – Ydragon – NEVER DM YOU FIRST:
Partnering with ICON Hyperconnect was really a strategical decision for us.
Most of crypto investors are focus on the main blockchain (ETH, BSC, Polygon …) and are missing out on many amazing projects out there.

With YDragon, we want to give you an easy access door to these amazing projects and that is why we are partnering with ICON. To setup in a futur an index on their chain.

It will allow user to discover a brand new world within crypto and maybe fall in love with some projects there.
We plan to launch indexes in many (relevant) chains and we have other solid partnerships that we plan on announcing soon.

It will also allow you to have a better risk-exposure !

Gold Rocket | Satoshi Club:
I love the way you think deeply about your business strategy. it is worthy of respect👏👏👏

Andrés M. | Satoshi Club:
Do you have more partnerships at the moment?

Leon, YDragon CMO:
We’ve got quite a lot of partners to be announced in the coming weeks, but whilst we’re completing those deals, we can’t state anything yet in this chat 🙂 Look out for the end of the week though, we’ll be announcing more soon.

Andrés M. | Satoshi Club:
Any sneak peek to our community?😁

Halfdan – Ydragon – NEVER DM YOU FIRST:
For the current partners, we can tell you some names such as Magnus Capital, Marshland, Moonwolf or even Polygon who granted us a grant not long ago 🙂

Andrés M. | Satoshi Club:
Great names. Well, ready to proceed with the next question?

Gold Rocket | Satoshi Club:
These are very famous and influential names👍

Q4 from Telegram User @victorogb
With the YDragon cross-chain and auto rebalancing features, investors are offered accessibility to a diversified portfolio accross multiple chains and automatic rebalancing to market fluctuations of assets in an index. However in crytocurency, assets vary widely in liquidity, capitalization, fees structure, associated blockchain tech and more. Therefore how does the YDragon smart contract effectively mitigate and provide the best opportunity to investors and ease the turbulent market fluctuations that come with index funds, and with your diversified multi-chain portfolio offerings, what DeFi niches would YDragon employ it’s smart revenue generating protocol?

OCTAL:
Well there’s no absolute way of reducing market volatility and market turbulence – as we know, sometimes it seems that ANY assets one invests in, we all seem to follow bitcoin in some way. In any case, we have a unique way of mitigating risk that’s proper to crypto (other than diversification), and that is by offering passive income to investors by way of leveraging third party yield farming protocols. So if you happen to invest at “the top” or “during a bear market”, you can always be sure that at least you get something for parking your capital with us.

Raiden – YDragon CEO:
The act of ‘investing’ usually suggests holding a position in an asset for long periods of time, years or sometimes decades. Because of crypto’s relatively young lifespan of a few years, and because the average lifespan of a given crypto project is roughly around a year, it’s difficult to come up with a reliable decades-long strategy based on the available data. If I had to guess, the most profitable strategy probably involves shifting funds around diligently from asset to asset, keeping a close eye on every project’s development. But again, one has to spend a lot of time and effort to maintain a healthy ROI – and this is exactly what YDragon aims to solve by leveraging smart contracts and a panel of experts to do it for you.

Gold Rocket | Satoshi Club:
This is not a simple question. Thank you very much for your clear answer.

Andrés M. | Satoshi Club:
Excellent answer, now please tell us about users security, have you done audits or hackathons to find the problems of the contracts and platforms?

Leon, YDragon CMO:
Okay, so, we haven’t communicated it publicly yet, but we will share this information here first. We are actually working with Certik to ensure the security of our product 🙂

Gold Rocket | Satoshi Club:
Great news! Security first! Thanks for sharing😊👏

Andrés M. | Satoshi Club:
Awesome, have you found some important problems?

Leon, YDragon CMO:
The audits are still ongoing, but so far we have received a set of recommendations and best practices to work towards, but nothing major to worry about.

Andrés M. | Satoshi Club:
That’s the way, security first👍

Well, is time to proceed with our 5th question.

Q5 from Telegram User @DK177
Your roadmap starts from the third quarter of this year and ends from the first quarter of the next year. Can a project be completed within a short time period of less than a year? Currently, new projects appear and vanish everyday. How do you assure YDragon has a long lifespan? Have you conducted any audits to assure the longevity of the project? There are not any activities regarding security and marketing in your roadmap. Did you only inclue the main targets? Further, don’t you have long term milestones to achieve? Do you consider the YDragon project as completed with the developments of experimental indexes, index minting, auto compounding and yield optimization by the first quarter of 2022?

Raiden – YDragon CEO:
YDragon is set to launch around mid-August and we have just released our whitepaper which highlights our roadmap in details, so I encourage you to have a look on there but basically in a nutshell we have been making good progress in terms of development and being fully ready to launch the project on a strong note. We have been keeping up with the roadmap and we expect to deliver on our roadmaps promises much sooner than anticipated.

The index space in crypto is still very immature so by marketing it to the right audience and lowering the barriers of entry in DeFi would make DeFi more accessible and simple for all investor classes. The potential for capturing a large part of the market is high and so you can expect us to be very active in development and taking the project to new heights every day.

Gold Rocket | Satoshi Club:
Yes, please share your roadmap😊

OCTAL:
Yup those are just main targets. Of course marketing is a mut in this space, we need to let people know about our value propositions.

And no, we do not consider the project complete after we complete the roadmap layed out 🙂 This is meant to be an ongoing, continuous development type of project that grows as the world of crypto grows. As there are more and more niches to invest in, more and more blockchains that grab people’s attention, YDragon will come out with new and excriting indexes to invest in, in addition to new ways of offering passive income to investors

Leon, YDragon CMO:

Andrés M. | Satoshi Club:
Thanks for the answers guys, a lot of exciting events are coming for the project😁

Gold Rocket | Satoshi Club:
And it’s great that we are at the dawn of this industry! this is really Eldorado for those who came on time😁

Andrés M. | Satoshi Club:
💪💪

OCTAL:
Still so early ;p

Gold Rocket | Satoshi Club:
Thanks for sharing👏

Andrés M. | Satoshi Club:
Would you like to add something before the next question?

Gold Rocket | Satoshi Club:
Let’s proceed to the last question of this part😁

Q6 from Telegram User @Cheriemike
It is stated in your website that When one lock his or her funds in an index, we will be entitled to a passive income through smart revenue generation. We Don’t need to worry our funds will be taken care of while we sit down and relax.Indeed it sounds nice,but I want to ask some questions With many different types of opportunities to earn passive income in DeFi,how will one track his portfolios?Does YDragon make use of portfolio trackers or aggregators which connect to various different protocols and wallets, allowing users to analyze and manage their portfolio from a single dashboard?Or aggregators like 1inch,Plasma.Finance etc that offers cross-chain integrations and multiple wallet connections helping users identify potential APY returns across pools?

OCTAL:
Ok so just one point of order here: investing in an index does not automaticaly grant you passive income. Passive income is achieved for the investor that is interested in it – what this means is that investors will have to stake their tokens on our portal and commit to a specific time frame during which they can get passive income

Leon, YDragon CMO:
We dont have portfolio tracking/aggregation natively, but we are in discussions with other projects that offer these tools, and we’re going to be integrating these as soon as we can. So it’s our aim to provide users with as much visibility as needed.

Andrés M. | Satoshi Club:
So, what is the APY? Is it established?

OCTAL:
No, the APY depends on many parameters that we simply don’t know right now. Variables that have something to do with the APY include: total value locked of the index, total value locked of the staking vaults, fees gathered by the protocol to be later redistributed to stakers, what kind of yield farming protocols we’ll be using in the backend and what THEIR APY’s are. We’ll be able to estimate the APY after launch, but right it is simply too early to promise anything

Andrés M. | Satoshi Club:
We understand, thank you so much for the clarification.

And thanks for your clear answers guys, we have concluded the first part of the AMA. 6/6 🥳

Gold Rocket | Satoshi Club:
You took the most key points from the modern defi: such as cross-chain, yield bearing etc…. This is a great claim for success.😉

Part 2 — live questions from the Telegram community

Q1 from Telegram user @JaviSuBs
Hello YDragon, how does an initial minting event work? when can a user buy shares in an index? In what time are these actions stimulated and what is the duration of a minting event? and what are the benefits it gives to the user? could you explain a little more to understand better !!! Thank you

Raiden – YDragon CEO:
You can have a read about index minting events here to learn more about the process

http://ydragon-io.medium.com/d6fcacb1ec6c

Q2 from Telegram user @Rinkus987
How did YDragon simplify the portfolio diversification process?

Leon, YDragon CMO:
We simplified this process by allowing users to own a larger portfolio of assets, represented by 1 token. You have to pay less fees, and make less transactions to own a larger portfolio.

Q3 from Telegram user @victorogb
How will YDragon look to increase the inclusion and adoption of YDR for your index assets, and how will this action help to improve it’s utility?

OCTAL:
YDR token will actually be part of every single index that we are going to be offering on YDragon – so essentially anyone that invests in indexes, will be indirectly investing in YDR. We also have other use cases coming up for the token, to make it the most robust utility token out there. Stay tuned!

Q4 from Telegram user @victorogb
How will YDragon look to increase the inclusion and adoption of $YDR for your index assets, and how will this action help to improve it’s utility?

Leon, YDragon CMO:
Every one of our indexes will include a portion of YDR. This will naturally increase the exposure of YDR to users and therefore generate further useage.

Q5 from Telegram user @K2ice
Which NFT options are you currently exploring?
We keep secrets here in Satoshi Club.

Halfdan – Ydragon – NEVER DM YOU FIRST:
Hahaha good question ! We are exploring some way to extend the Dragon universe and stimulate our community with some cool aspect of NFT… We are still brainstorming but it can be some NFT that gives you some bonus in our app or just some cool arts about Dragon 😉

Q6 from Telegram user @Tahsinahmett
What are the plans for YDragon to attract the community? What are Ydragon’s expectations from the community? Do you have a rewards program?

Raiden – YDragon CEO:
Staked YDR holders will be allowed to vote on new ideas to improve the YDragon ecosystem. They will be partially involved in voting in new projects into indexes or deciding on compositions for new indexes which includes choice of assets, weight of the assets in the index and possibly choosing which farming protocols to use for the passive revenue generation.

Q7 from Telegram user @Smartling
What forms of passive income available to users on the YDragon platform?

Halfdan – Ydragon – NEVER DM YOU FIRST:
The passive income will be based on the yield generated by the collateral. Farming can be time consuming but with YDragon, you won’t have to do anything, we will farm for you and reward you accordingly !

Q8 from Telegram user @coinerman
Users want to make a profit with Yield Farm in a Defi/NFT Project. So what is the percentage of rewards the user will get from YDragon farming and is it advantageous over others?

OCTAL:
The core value of our project is eing able to diversify your investment – instead of investing haphazardly across many assets that you simply hear about from your friends or from crypto twitter or any other source that you like, you will be able to invest in a specific “mission” that the index has (representing a blockchain, a market sector, etc.) – and just forget about it. The farming aspect of it is a bonus and is basically there to reward long term holders of our index tokens and native token YDR. APY will vary wildly, but it will be there!

Q9 from Telegram user @KhaleesiTheCryptoLady
Could you please provide us with the link to YDRAGON white paper and team details?

Raiden – YDragon CEO:
You can find details regarding this on our website

https://ydragon.io

Q10 from Telegram user @DF3295
Are the Indexes offered and designed by YDragon or can the community also make and propose their own?

Halfdan – Ydragon – NEVER DM YOU FIRST:
If you hold YDR, you might be able to vote and decide on the future index but yes. YDragon team will always do its research to make sure the projects are relevant and that it makes sense putting them in our index.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of YDragon. 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:
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Our partners
YDragon Telegram community: https://t.me/ydragonchat
Twitter: https://twitter.com/ydragons_
Website: https://ydragon.io/

We were delighted to welcome our guest from Lithium. The AMA took place on July 10th, 2021 and our guest was @davidlighton.

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

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

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

D. Папа Роуч: today our guest – @davidlighton! 👏

David Lighton: Hello!

D. Папа Роуч: welcome! good to have you here today!

Mary Satoshi Club: Happy to e-meet you, David!

D. Папа Роуч: how are doing? @davidlighton

David Lighton: Oh I’m doing well, thanks for asking.

David Lighton: Pleasure to be here with you.

David Lighton: How are you!

D. Папа Роуч: fantastic! 😇

Mary Satoshi Club: I am fine and excited to hear more about Lithium Finance 🚀

Mary Satoshi Club: let’s start our AMA 😀

D. Папа Роуч: with intro 😉

Mary Satoshi Club: David, could you please introduce yourself and tell us more about Lithium Finance 😉

David Lighton: Great stuff and by the way, im excited to see close to 20,000 guests online. Thank you for having us. We’re excited about our upcoming IDO—

David Lighton: And yes…let me introduce myself…

Mary Satoshi Club: Sure👏

David Lighton: Hi everyone, I’m David, the co-founder of Lithium – and an entrepreneur passionate about inclusive financial innovation. My team and I feel the traditional financial sector can be improved enormously by the innovative tools of DeFi and cryptocurrency. These changes are happening now and fast. As the DeFi space and the traditional finance world converge, the needs and expectations of having real-world assets in the DeFi space are also growing simultaneously. Pricing these assets in a decentralized manner is an inevitable process of bridging the two worlds together.

David Lighton: Before Lithium, I was the Founder and CEO of SendFriend, a FinTech startup using the blockchain to create faster, less expensive, and more inclusive international money transfers for immigrants in the US. Prior to founding SendFriend, I served as Special Assistant on the Haiti Desk in the World Bank following the devastating earthquake of 2010, and co-authored the Haiti National Financial Inclusion Strategy, a Central Bank-sponsored initiative to increase consumer account penetration from 25% to 50% of adults. I hold an MBA from MIT – Sloan School of Management and an M.A. and B.A. with honors from Johns Hopkins University.

David Lighton: Lithium Finance is an on-chain pricing oracle that fills one of the most important missing links between real-world asset investment and DeFi. The protocol leverages collective intelligence to price real-world assets, especially assets that are hard to value, such as pre-IPO stocks, private equity, and other illiquid assets.

D. Папа Роуч: that’s impressive background you have 👍

Mary Satoshi Club: Your experience is great! 👏

Mary Satoshi Club: To be honest i see such concept first time and that’s what we need now😃

D. Папа Роуч: me as well 😄

Mary Satoshi Club: Tell us more about Lithium Finance team😃

David Lighton: Ok !!!

David Lighton: Thank you !!!

David Lighton: I’d like to use this opportunity to talk about my fellow co-founder, Steve Derezinski. Steve is a Senior Executive and MIT Blockchain Engineer & MBA, who has launched 80+ startups that have cumulatively raised over $250M to date. Steve and I share the same ethos, that bringing real-world assets into the world of decentralized finance — offering financial services with no intermediaries or guarantors — is the final frontier of crypto.

Mary Satoshi Club: I think Steve has a chance to double his raised funds with Lithium Finance 🤣

David Lighton: haha 😵‍💫😵‍💫

Mary Satoshi Club: @davidlighton thank you for your intro! We have 6 questions from our community which we choose for the first part of our AMA 😀 do you want to add something or we can go to the questions?

David Lighton: I would just add that it’s a pleasure to be here speaking with you and I know we’ll have a great discussion – go for it…

D. Папа Роуч: thank you! 😊 and thanks for great intro! let’s gooo!

Q1 from Telegram User @KathDM

You recently announced the launch of an IEO on KuCoin, this news came at the time that Lithium is going through an IDO on Polkastarter which the team announced earlier. What are the benefits of the dual IDO + IEO? Why did you decide to do both IDO + IEO simultaneously?

David Lighton: Thanks for the question. We had initially planned to just do an IDO; however, we were presented with the great opportunity to list on KuCoin early.

Of course, this isn’t an opportunity afforded to every DeFi project. Listing on a high volume exchange such as KuCoin helps our credibility and our mission to be a universal token for pricing illiquid assets.

The view is that, while we don’t want to list on ALL exchanges at the same time, we did want to demonstrate to the community that we look at the world in a certain way and that we’re not only very focused on product but also on developing relationships with exchanges. For example, in our last round, Alameda Research (FTX), Huobi Ventures, and OKEX all invested. While we don’t have announcements pending yet about listing, our intention is to list where we can to demonstrate our credibility…

I hope this helps to answer the question !!! 🚀😎🚀😎

D. Папа Роуч: thank you! is it not too late to take part in your IDO and IEO?

Mary Satoshi Club: Yes, we love Kucoin! 😍

D. Папа Роуч: if it’s not too late, can you share with us info, about how people can do it 😊

David Lighton: Here are the related links if you need:

IEO announcement: https://www.kucoin.com/news/en-announcement-of-lithium-lith-token-sale-on-kucoin-spotlight

IEO subscription page: https://www.kucoin.com/land/spotlight_r5/124?lang=en_US

Mary Satoshi Club: Thank you for sharing! 👏

Mary Satoshi Club: Good luck to everyone who is going to participate!😉

Mary Satoshi Club: Thank you for your answers, David! Ready to go to the next question?

Mary Satoshi Club: @davidlighton 😉

David Lighton: Yes

Q2 from Telegram User @victorogb

On the Lithium Finance tokenomics and token allocation formula, there would be a total supply of 10 billion $LITH tokens of which 10% is reserved for liquidity, 10% for community, 0.8 for public sales and 30% allocated to staking rewards. With an allocation of a meagre 0.8% of $LITH for public sales as compared to a 30% allocation for staking rewards, wouldn’t this be inadequate for investors and traders and why would your largest token allocation go to staking rewards? Additionally only 10% is reserved for Liquidity, how will Lithium Finance hope to grow it’s liquidity reserves and what are the scheduled vesting periods for the various token allocations?

David Lighton: This is an interesting question.

Candidly, I would say it is a more financially technical question than we typically answer.

On the one hand, our tokenomics structure is quite typical and indeed a similar structure has been employed in other projects Liquefy Labs has incubated, such as Linear and Convergence. Moreover, this is a similar structure to those used in other successful projects.

Having said all of this, I would add that we remain open to feedback and we’re happy to take suggestions under advisement. Please feel free to DM me with comments and I can raise them with the team in due course.

Thanks for another interesting question!

D. Папа Роуч: thank you for the great answer!👍 by the way will you plan to start any farming events after the end of public sale?

David Lighton: There will be more announcements about this forthcoming…

D. Папа Роуч: appreciate for answers! ready for the next question? 😊@davidlighton

David Lighton: Yesss

D. Папа Роуч: 🚀🚀🚀🚀

Q3 from Telegram User @josegamboac

Virtually all of the listed chain protocols use publicly available pricing information. Lithium is generating prices that are not available in the chain and most are not available anywhere, pricing the ones that are priceless. This is what sets lithium apart from other chain protocols. But what is the source from which lithium drives prices? How do you guarantee to encourage the best responses from all sources?

David Lighton: Sure

David Lighton: Recent advances in peer-prediction capabilities allow Lithium to query individuals to provide answers without access to the ground truth (an external answer with finality, i.e. stock price once IPO, or final score of match). Previously, aggregating multiple users’ opinions has been thought to require access to final answers (ground truth) — but this is not the case. We can therefore select a set of Wisdom Nodes or aspiring Wisdom Nodes to answer questions in binary fashion (i.e. higher / lower or yes / no) or ternary(i.e. higher / neutral / lower) or categorically (i.e. <$10, $10-$20, >$20). From this set of Wisdom Nodes And their confidence staking, we can mathematically determine the best answer prior to disclosure of the future ground truth, giving us the pricing information we need during illiquidity. The mathematical combination of all answers allows common answers to reinforce each other and off-axis — ornon-correlated answers to cancel each other. This combination allows us to reward those participating inconsistent results. In some cases where the eventual ground truth is revealed, the reward will be distributed on disclosure, meaning once an asset is priced in the market. The algorithm’s core is based on calculating the determinant of answers after randomizing their sequence into a set of matrices. This has been proven to simultaneously a) discourage and negatively impact incongruent answers and b) provide a strong reward calculation to encourage honest answers.

Mary Satoshi Club: I want to ask you which blockchain Lithium Finance will be based on or you will have your own?

David Lighton: We’re an Ethereum-based project

Mary Satoshi Club: Do you plan to add more blockchains? 😉

David Lighton: We will make announcements about cross-chain compatibility as we go forward…

David Lighton: Good questions…

D. Папа Роуч: 😉 do you have plans on your own mainnet? can you share this info? 😁

David Lighton: Yes we will have a mainnet launch, in due course

D. Папа Роуч: nice! thank you for answer! 👍

David Lighton: You ask a lot of good questions, eh?

Mary Satoshi Club: Btw, will your protocol work only for big industry players who want to know prices or may be me and @Cool_as_Ice will also be able to use it to price our actives?😀

David Lighton: I guess that’s how you have so many followers 😎😎😎

Mary Satoshi Club: We are doing our best😀

David Lighton: In the spirit of DeFi and FinTech, Lithium is FOR EVERYBODY.

D. Папа Роуч: yes we trying to 😄

Mary Satoshi Club: That’s great! We will definitely follow your development progress 😉

Mary Satoshi Club: Thank you for your answers, @davidlighton ! Ready to go to the next question?

David Lighton: Yes

Q4 from Telegram User  @Cheriemike

We are all familiar with Proof of Stake and Proof of Work consensus protocol and now Lithium Finance has what is called Proof of Wisdom Staking (PoWS) Can you briefly explain to us the benefit of this concensus protocol and how will the incentive structures implied by these algorithm affect participation in the protocols themselves and the services built on top of them?

David Lighton: Proof of Wisdom Staking (PoWS), is a protocol that builds on the wisdom of the public to reward them. Reputation is an added incentive and enhancement to correctness over time. Initially individuals may have low or no reputation, but as their performance improves they receive a higher reward, all else being equal.The closer a Wisdom Node is to the final ground truth, the higher their compensation. In addition, the more an individual signals their confidence in the results (by staking more tokens) the more they earn,enabling a strong feedback loop to encourage positive, honest behavior. Of course if a malicious actor decides to provide answers designed to manipulate, they might also decide to add a significant stake to their answer to maximize the impact. In this case, once the consensus answer or ground truth is uncovered, not only will the malicious actor’s reputation be slashed, so will all of their stake. In the case of an attempt to collude with a number of malicious actors, the amount of funds required to stake plus the lack of direct influence (due to the random down-selection) means all of these funds will get slashed and the resulting answers will not be impacted. Therefore, the best action is to both answer honestly and stake your confidence.

D. Папа Роуч: PoWS protocol was made by your team? is it something new that was never used before in crypto?

David Lighton: Yes it’s new !!!

D. Папа Роуч: awesome! 💪

Mary Satoshi Club: What will be the minimum of tokens user need to hold to participate in staking?

David Lighton: Here is our medium post…

David Lighton: Should answer some of the staking questions, but of course, we will make more announcements on staking in time…

David Lighton: https://medium.com/lithiumfinance/lithium-finance-to-launch-pre-staking-rewards-program-on-5th-august-1008bca0688f

Mary Satoshi Club: Oh, this is connected to our next question 😀

Mary Satoshi Club: @Cool_as_Ice 😉

David Lighton: Am I sending too many emojis??

Q5 from Telegram user   @lukacy

Pre-Staking is starting August 5 on the testnet where LITH holders can stake and get massive rewards. During the pre-staking period, will this reward be locked or unlocked? There is also a part you said stakers can unstake a week before migration to mainnet. What happens after the mainnet? Will staked LITH be locked for a period of time? Will there be any changes when the mainnet is launched?

Mary Satoshi Club: Nooo🤣🤣🤣

Mary Satoshi Club: As i see we got answers about pre staking 😀 but what will happen after?

D. Папа Роуч: the most interesting thing 😉😄

David Lighton: 1. rewards will be locked and released over a course of 6 months after mainnet

2. tokens will be migrated to mainnet staking program

David Lighton: Hope this helps…

Mary Satoshi Club: Also, as i see staking will be on your platform 😀 is it safe?

Mary Satoshi Club: What about audits? Did you pass any?

D. Папа Роуч: i think this is the next question 🤣

D. Папа Роуч: about security and everything 😉

David Lighton: 👍 As an Ethereum-based project, we leverage many of the same security features as other ethereum-based projects. The specifics of our IT security program are less interesting, however, than the ways in which we keep the actual quality of the data on Lithium secure. We are constantly asked questions about how we will protect against individuals trying to manipulate our algorithms, who will either ask fraudulent questions or provide fraudulent answers. We want to make it very clear from the outset that we recognize the risks associated with creating incentives for our users, and that they may try to free-ride off the system. Luckily, part of the value of the DMI mechanism’s peer prediction capabilities is that it is not difficult for us to weed out bad answers, or even bad questions, which are outside of the standard deviation of good answers. Based on the learning capabilities of our protocol and the sophistication of the game theory that will be embedded in the protocol’s logic, we believe we can overcome fraudulent and malicious actors on the platform, just through the protocol’s learning alone.

Another tool we have in our backpockets is that of disincentives. For example, if we deem certain actors to be malicious or fraudulent, we can dock their tokens. We can actually take away value that they have invested in the platform as punishment for bad behavior. We believe that, so long as we address the risks of the protocol itself behaving out of line with Lithium’s values, we can manage risks to the integrity of our dataset.

Mary Satoshi Club: Partially yes😀

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

David Lighton: I think so!

Q6 from Telegram user   @Parmeet1

Security and anonymity are always prioritized by BlockChain projects in the development of project platforms and technologies. So, does you have any technological solutions or plans to enhance user trust in these issues?

David Lighton: Well

David Lighton: I think I answered this in some sense in my previous answer

D. Папа Роуч: 😁😁😁 true

Mary Satoshi Club: I want to ask about possible restrictions for your platform users😉 will you have such?

David Lighton: What kinds of restrictions?

David Lighton: We are geo-fenced — No US users

Mary Satoshi Club: Only for USA?

David Lighton: We are not allowing US users

David Lighton: To hold LITH

Mary Satoshi Club: Is it possible that users will have to pass KYC?

Mary Satoshi Club: If they will buy on DEX? I think you won’t be able to prevent this

David Lighton: Yes all of our users have to pass KYC for the IDO/IEO

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Eliasbb

You mentioned that on 2015 you started your journey and work with several projects. Can you name some of the projects that you work with since 2015? And what makes you attracted to build Lithium?

David Lighton:

Sure. My journey in crypto has been multidimensional. When I went to business school at MIT I was excited about the ways the crypto/blockchain could influence financial inclusion and financial innovation.

I worked with the MIT Digital Currency Initiative. That was before I founded SendFriend, blockchain basedb cross-border payments.

This is my first foray into DeFi, however…

😎😎😎

Q2 from Telegram User @jahlru

You recently announce a partnership with Injective protocol. Why did you make this partnership? What is the purpose behind this partnership?

David Lighton:

Injective, a protocol for synthetics will be a wisdom seeker. We will allow Injective to poll the protocol for data…hope this makes sense… Injective is a great partner…

Q3 from Telegram User @Guandog

As a fan of lending, staking and farming, are there opportunities for me in Lithium?

David Lighton:

Hi, we will be making more announcements about staking in the future but for now here’s our medium post: https://medium.com/lithiumfinance/lithium-finance-to-launch-pre-staking-rewards-program-on-5th-august-1008bca0688f

Q4 from Telegram User @Ratash97

Who is able to provide answers in the process of priceing a company and how the protocol establish the ground truth based on those answers ?

David Lighton:

Wisdom nodes provide answers! Please, may I refer you to our litepaper?

https://lith.finance/Lithium_Finance_Litepaper.pdf

Q5 from Telegram User @Angelbowmrt

Team spent a lot of money to organize AMA sessions to introduce and answer users’ questions about the project.  So after the AMA sessions, what does the  teamb expect in return from their community?  What can we do to help the project?

David Lighton:

I love this question…

Listen, Lithium is nothing without the community so I want you all to know how much we appreciate you. Thank you for your support! To help Lithium you can follow us on social:

Tweets by LithiumFinance

Q6 from Telegram User @Leoking30

Now the market is flooded with many projects and the If we see then the competition is fierce. How will you & your team ensure that Your project maintain a competitive advantage?

David Lighton:

Leo, thanks !

For now at least, we are THE FIRST EVER DATA ORACLE TO PRICE ILLIQUID ASSETS !!!

Q7 from Telegram User @DF3295

As a pricing Pre-IPO company, what happens if the company is not listed as an IPO at the end?

David Lighton:

Good question — those who staked tokens would get theirs back. It’s a bummer to have to consider this situation, but we want you to know we’ve thought everything through !!! Cheers…

Q8 from Telegram User @Gutike95

One of the great limitations of blockchain assets is that having little liquidity, their value will decrease considerably, but if lithium allows to regulate the price of illiquid assets, how will they manage to maintain a fixed price when it has very little demand and liquidity?

David Lighton:

The idea behind Lithium is that having more robust pricing data on the real sector will allow us bring more assets on chain…this helps solve the liquidity issues.

Lithium wants to bring DeFi mainstream!!!

Q9 from Telegram User @KeymerS

You mention that Lithium seeks to become a tool that allows anyone to put a price on anything, but will it really be so simple that users can set the price they want? Will it be something similar to what is seen in the NFT market?

David Lighton:

We can certainly run NFTs through the protocol. Please try !!! 🚀

Q10 from Telegram User @Prof_Rz

Can you tell us, as an Oracle Provider, how Lithium differs from Chainlink? Why is Lithium focusing solely on private assets?

David Lighton:

We are focused on private assets, whereas all the other oracles including Chainlink so far have focused on public assets……hope this helps…..

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Lithium. 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:
Lithium Finance Website – lith.finance
Lithium Finance Telegram – @lithiumfinanceofficial

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 BNBBACK and our guests were @Pete_Tong1 @thecrypwalker and @geminxiii. The AMA took place on 3 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 BNBBACK!  Welcome to Satoshi Club😀

Andrés M. | Satoshi Club: Another exciting AMA session is here.😃

Our guest are @Pete_Tong1 @thecrypwalker and @geminxiii from BNBBACK!

Mary | Satoshi Club: Welcome here 👍

GEMINXIII [I WILL NOT DM FIRST]: Thank you all for having us.

Mary | Satoshi Club: How are you today?😀

GEMINXIII [I WILL NOT DM FIRST]: We are good thank you! Excited for this AMA 🙂

Mary | Satoshi Club: So, let’s start now👏

Andrés M. | Satoshi Club: We are glad to have you here.

Mary | Satoshi Club:Could you please introduce yourself and tell us more about BNBBACK 🚀

Crypto Bender $BNBK: Hello

Andrés M. | Satoshi Club: Welcome to the AMA😃

Mary | Satoshi Club: Hello and welcome to Satoshi Club 😀

Crypto Bender $BNBK: My name is Crypto Bender and I am the lead dev and organizer of BNBack

THank you for having us in your wonderful group

Mary | Satoshi Club: Happy to e-meet you 👍

Crypto Bender $BNBK: Likewise

I have a question Mary

Mary | Satoshi Club: Sure😀

Crypto Bender $BNBK: Are your followers interested in making money?

Mary | Satoshi Club: Of course 🤣 who doesn’t like money?

Crypto Bender $BNBK: That’s great to hear. Becuase over the course of this AMA, I am going to explain how BNBack is the best investment they will make today.

At BNBack, w re interested in one thing: Paying you to buy and hold

Mary | Satoshi Club: Wow👍

Crypto Bender $BNBK: That’s why we offer

– instand BNB rewrads up to $10 just for buying during a dip

– 10% BNB dividends (at all times) proportioal to your investment

– $BNB commission rewards for reffering a friend to buy

– FREE NFTs and giveaways for shilling and raiding

Andrés M. | Satoshi Club: That’s what we need.

Crypto Bender $BNBK: We believe in INCENTIVES

Mary | Satoshi Club: So, who is in your team? We need to know who stands behind this great concept 🙂

Crypto Bender $BNBK: Our team is not doxxed but what I can say is that we have a wonderful, experienced team of expert designers, programming developers, marketers and investors.

Our marketing team has been brilliant thus far and have placed us in a very competitive position even during this BULL RUN with 100s of projects to compete with every single day

And our developers are just incredible

Our designers for website and logo branding is superb

We truly have an epic team and I think you will notice it the moment you enter out TG chat

This is not your average project.

We are mostly based in North America and Europe but we have members in Asia, Australia, Africa and the Middle East

Truly a global project

Mary | Satoshi Club: Why you decided to stay anon?

Crypto Bender $BNBK: Because doxxing isnt always proven to work. In fact, in some cases, like with Baby Cake, doxxing can bring the charts down. What’s most important is that wallets and LP tokens are locked and funds are proven to be SAFU.

We have made sure to protect our buyers and investors

so no need to Doxx really

Mary | Satoshi Club: Trust the code?🙂

Crypto Bender $BNBK: Code is law 😉

Mary | Satoshi Club: Gotcha!

Thank you for your intro! Are you ready to five deeper into the details of your project with the questions from our community?🚀

Crypto Bender $BNBK: Yes I think we are !

Mary | Satoshi Club: Let’s goooo🔥

Crypto Bender $BNBK: I also want to say, that if any buyers from Satohsi enter our TG and share a transaction link of $75 or more, I will gift them $5 of BNB immediately

Satoshi gets the hook up 😉

Andrés M. | Satoshi Club: Don’t lose this opportunity Satoshiclubbers, let’s go🥳🥳

Mary | Satoshi Club: Cool,👏👏

Q1 from Telegram User @orlemys

You have quite a unique slogan ‘We Pay You To Buy!’ Would you please elaborate on this? What exactly does it entail? I had a read through your website, but couldn’t figure out how you would make this happen, so please tell us about the specific strategy and methods you use, and how it can be groundbreaking for all of your investors.

Crypto Bender $BNBK: Our contract code automatically collects trans fees and distributes them to holders every 2-3 hours. The more BNBack you own, the more BNB you get back.

ALSO

We gift you BNB right away if you buy during a dip. And as I just mentioned above, if you are a Satoshi club member and you buy $75 or more, we will gift you $5 BNB right away. Just share your TX ID in the group chat.

Mary | Satoshi Club: How many fees you already distributed?

Andrés M. | Satoshi Club: How much is the current price of BNBack? The same of BNB?

Crypto Bender $BNBK: Tens of thousands of dollars already !

Our current price is $0.00000000197267

Very good entry point

Andrés M. | Satoshi Club: How many holders do you have?

Crypto Bender $BNBK: Buy, pump the charts, earn profit, and earn BNB back

1,000

Andrés M. | Satoshi Club:  Wow, excellent actually

So what other usecases BNBACK token have?

Crypto Bender $BNBK: We have a video game coming out

Users can bet BNBack into a wallet like a casino

and if they get the highest score, they take half the wallet

the other half goes to buy back for the project

its a fun and easy way to win money and play with other bnback holders

Mary | Satoshi Club: When it will be live?

Andrés M. | Satoshi Club: That’s true, it sounds exciting😃

Crypto Bender $BNBK: We will release it at our next ATH

Andrés M. | Satoshi Club: Then let’s pump it

Mary | Satoshi Club: Nice plan🙂

Mary | Satoshi Club: Thank you for your answers!

Ready to go to the next question?

Crypto Bender $BNBK: Yes!

Let’s do it

I am ready

Q2 from Telegram User @kimzyemma

BNBBACK is an incentivized investments and you refuse to give your users crumb after becoming your holder. It is cleared that reflections are a gimmick, but how do you want to encourage your longer holders or users aiming to become longer holder when they will have the same reward with less holder? This project is not limited to a certain time, where is this project getting its fund? You named this project BNBBACK, does that mean there is a bond/partnership with BNB project. Is there any financial support from Binance coin?

Crypto Bender $BNBK: Not yet. A partnership is possible in the future but that sort of relationship must be earned.

We are currently working on a farming and staking functionality where users can farm their BNB and/or BNBack in other projects and double their earnings.

Our holders have been there sicne day 1 because the rewards ahve been so great

Some people have earned over 2 BNB by simply holding

Andrés M. | Satoshi Club: How much APY it will have?

Mary | Satoshi Club: Nice🙂  do you currently have any partnerships?

Crypto Bender $BNBK: That sort of informaiton will be released in detail in due time. At this moment, we are in our infancy phase and looking to expand our holders and our global community. We really like where we are at but are working to double our holders right now.

We have a few in development. More to be released and announced soon.

Mary | Satoshi Club: We will wait for the announcement!

Thank you for your answers! Ready to proceed?🔥🔥🔥

Crypto Bender $BNBK: Yes maam

Q3 from Telegram User  @ItsMelissa3

I read on your website that If we bring you a buyer, you pay us. If we bring in 10 new buyers, would you then pay us 10 times? Does this work as a referral system? The more users we invite, the more reward we earn? Is there a maximum number of buyers that we can bring you? In which token is this payment made?

Crypto Bender $BNBK: Yes. If you bring 10 buyers ($100 or more), we will pay you $5 each time. You can make $50 by bringing us 10 buyers.

sorry $25*

not $50

Crypto Bender $BNBK: still great though 😉

No one else does this. And thats why BNBack is so special

Andrés M. | Satoshi Club: Is like a referral program?

Crypto Bender $BNBK: Yes exactly. Comission based referall program.

Just bring the buyer into the TG group, tag me personally, and introduce them as a buyer. After the buy, send me the TX link and we will send it right away. The process takes 30 seconds.

Mary | Satoshi Club: Where do you take money from for this payments? Someone can call this pyramid 🤷

Crypto Bender $BNBK: We have a higher sell fee than a buy fee. The difference is taken to pay for such rewards.

No pyramids. =)

Andrés M. | Satoshi Club: Got it.

Mary | Satoshi Club: That’s nice🙂

Andrés M. | Satoshi Club: Btw, what else is coming in your roadmap? Could you share it with us?

Crypto Bender $BNBK:– Video game casino with live betting and winning prizes up to $1K

– Staking functionality

– Wallet development

– Exchange development

– Future exchnage listing on Bitmart

Andrés M. | Satoshi Club: Congratulations, currently where is listed?

Mary | Satoshi Club: Which features will your wallet have?🙂

Btw, are you already in contact with Bitmart exchange? Is your listing confirmed? Why you choose this exchange?

Crypto Bender $BNBK: All such details will be released upon new ATH goals as to protect our developments from competitiors but what I can tell you is that they will share many of the same excellent qualities as wallets like Safemoon and Safearn have been developing

Bitmart is a $50 K applicaiton. We are considering using our exchange listing fee wallet in 1-2 months time

Andrés M. | Satoshi Club: Thanks for the answer, would you like to add something before the next question?

Crypto Bender $BNBK: We have given $84,849.14 in BNB dividends

in the last 48 hours

Don’t forget Satoshi buyers, we can give you $5 BNB right NOW if you buy or refer a buyer

Q4 from Telegram User @ambbobb

You punish paper hands with a 23% fee but also offer them a chance to convert to diamond hands by reducing their sales fee by 2% every day. What do you mean by this statement? How can we convert paper  hands to diamond and why have you so believe in diamond hands? What are the strategies to convince users that there is a reward whenever they bring you a buyer,  whenever they hold your token and whenever they buy your token? Most investors focus on the tokenomics even the token price, how do you plan to convince them for a long term investment, in order to boost your token value and deflate its supply, is there plan for token burning either frequently or once in a while?

Andrés M. | Satoshi Club: Let’s proceed

Crypto Bender $BNBK: This is a funny question. A great one though!

THe BNB dividends are all the incentive they need to hold long term 🙂

$84,849.14 gvien in the last 48 hours

Mary | Satoshi Club: This can be a reason 🙂 do you have more?😉

Andrés M. | Satoshi Club: Could you tell us about your tokenomics? Market cap and max supply.

Crypto Bender $BNBK: Sure! We have a $1.172 million dollar market cap. An all time high of $3.4 (which we will break soon) and a 600 trillion token suply. We have burned 400 trillion on day 1.

Mary | Satoshi Club: Btw, are you already listed on some cointrackers?

Crypto Bender $BNBK: We are l;ive on coin sniper, coin hunt, coin hunters, blockfolio, and many more

Mary | Satoshi Club: You’re fast! Congratulations!

Thank you for your answers! Ready to jump to the next question?🙂

Crypto Bender $BNBK: Thank you !

Yes!

Q5 from Telegram User @yellowchamp

In BNBACK 100 Trillion token supply,I noticed that you have 15% buy tax and 20% sale tax in your tokenomics. So,can you explain why you need to charge this tax to both buy and sale in your tokens? Can you explain more about this tax charge? Why does this tax is a bit high? What will be the use of this tax? How it will be utilized in your platform? Does this buy and sale tax is to be charge for all transactions to both buy and sale in your tokens? Thank you

Crypto Bender $BNBK: THe sales tax punishes paper hands and produces extra funds to reward the new buyers and loyal holders.

Mary | Satoshi Club: This question is partially covered 😃

Crypto Bender $BNBK: Its a formula that has been working all across the smart chain

I hope this answer is helpful

Mary | Satoshi Club: But you know, i want to ask you my favourite question😉

Crypto Bender $BNBK: Yes maam

Mary | Satoshi Club: What about security?

Audit? Insurance?🙂

Crypto Bender $BNBK: We have an internal audit completed and pinned in our chat and an official, throough vetting audit coming in the next few days

Funds are SAFU

Andrés M. | Satoshi Club: The model you have could be apply to other cryptos like ETH? For example, is possible to see ETHBACK in the future?

Crypto Bender $BNBK;FOR SURE!

And anyone who likes this project, may be eligible to get early access to our next project !

Mary | Satoshi Club: Btw, we have next question on this topic🙂

Crypto Bender $BNBK: Please go ahead

Andrés M. | Satoshi Club: Oh You right😁

Let’s go

Mary | Satoshi Club: Which firm did you choose for audit?

Crypto Bender $BNBK: The group name is Audit Central and Dessert finance. Both will be posted soon.

Mary | Satoshi Club: Ok, we will wait for reports👏

Q6 from Telegram User @nhairym

Have you considered expanding your adaptability, opening up to new exchange chains, how they are seen in the long term, do you have plans to carry out new projects soon, and what new functionalities can you include in your token?

Crypto Bender $BNBK: We have already answered this =)

Staking, Wallets, Exchnages, and native currency use on a video game casino

Mary | Satoshi Club; Which chains  you plan to  integrate?

Crypto Bender $BNBK: Matic is an option we have been keep an eye on very clsoely

All details will be shared on our official announcement coming with next ATH

Part 2 — live questions from the Telegram community

Q1 from telegram username @highpee

🙋‍♂️Hello

You said you pay users to buy. For how long will you continue this kind gesture? What if users just dump immediately after buying and collecting $75 from you? Is it not necessary to also implement an anti-dump system?

 Crypto Bender $BNBK: ALWAYS

Q2 from telegram username @Einsteinyl

BNBback is a great project, can you introduce to me about your burn system that you have inside your project? How its work ? Can you mention what trigger the burn for BNBBack project?

Crypto Bender $BNBK: Its a MANUAL burn

Q3 from telegram username @Pratze

I know that BNBBack have own native token $BNBK.but I’m really curious what are the usecase of $BNBK inside your platform? Are there any benefit by hold your token?

Crypto Bender $BNBK: Invest in us ebcause of our dividends. You get paid to hold.

Q4 from telegram username @sumaiya889

 Sir, I want to a “LONG TERM INVESTMENT” with this “Project”, But I’m in doubts right now! How can you convince and assure me this Project is “Safe and profitable”?

Crypto Bender $BNBK: $86 K in rewards 😉

Q5 from telegram username @ethcypherpunk

 For now, how could the community help more to the boom of bnback, thinking about its success and adoption?

Crypto Bender $BNBK: BUY BUY BUY

Q6  from telegram username  @alptrader

How can I earn BNB’s do I have to stake or simply holding?

Crypto Bender $BNBK: simply hold 😉

Q7  from telegram username @Asela1112

Some spammers will be trying to get rewards by using bots in BNBack platform. So do you have a anti-bot system to eliminate the rewards on cheating activities? What kind of punishment will you implement on them?

Crypto Bender $BNBK: We will refuse rewards for dip buying to bots. And if a bot sells within 2 hours, they dont get the rewards

Q8  from telegram username @raine1718

How will your project address issues like hackers, money, and data loss? Is there going to be an inspection? Are we going to be safe? Are you planning a global expansion? Is there a specific target region that your project is currently working on? Is it possible to recruit ambassadors?

Crypto Bender $BNBK: We have anti bot mechanisms and a secure updated solidity contract

Q9  from telegram username @Smartling

Can you give us a hint on the kind of video game you intend to launch and release on your next ATH?

Crypto Bender $BNBK: 2 D game. Avoid obstackes. Fast, easy fun, and addicting.

Q10  from telegram username @nitrogenpower

In your roadmap there are staking functionality. When are you going to activate stake?

Crypto Bender $BNBK: Next ATH we announce these details my friend

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/BNBackToken         

Twitter: https://twitter.com/bnbacktoken?s=21

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 Trava Finance and our guest were @quinnTrava and @lamtrava. The AMA took place on the 3rd 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 Trava Finance! Welcome to Satoshi Club😀 @quinnTrava and @lamtrava are our guests today 👍

Andrés M. | Satoshi Club: Welcome to Satoshi Club @lamtrava, @quinnTrava!

Lam | TRAVA.FINANCE – Will never DM you first: Hi everyone, glad to here today. I am Lam from Trava Finance.

Mary | Satoshi Club: Hello, welcome here! How’s going?

Lam | TRAVA.FINANCE – Will never DM you first: Everything is fine until now. We are looking forward to an interesting day with Satoshi CLUB.

Mary | Satoshi Club: And you will get it👍

Quinn l TRAVA.FINANCE – Will never DM you first: Hello everyone

Andrés M. | Satoshi Club: Hello

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

Quinn l TRAVA.FINANCE – Will never DM you first: More than well, because of too much energy when we have chances to discuss with Satoshi Community.

Andrés M. | Satoshi Club: Is an honour for us to have you here!

Mary | Satoshi Club: That’s super! I like your mood🚀

So, let’s start, guys! Could you please introduce yourself and tell us more about Trava Finance?😀

Lam | TRAVA.FINANCE – Will never DM you first: My name is Lam, Head of blockchain technologies & Co-founder of Trava.Finance. I received Ph.D. degree in Computer Science from Vienna University of Technology, Austria. I have been working in blockchain field since 2018. Together with my colleagues, we have been developing many blockchain-based applications and publishing novel results at many conferences and journals.

With Trava.Finance, our team aims to provide a novel lending protocol for the users, that is based on Data analysis to enhance user experience and encourage greater participation.

Mary | Satoshi Club: You have pro level in crypto!

Lam | TRAVA.FINANCE – Will never DM you first: I think crypto is a big world which needs a lot of knowledge.

Andrés M. | Satoshi Club: Agree with you.

Mary | Satoshi Club: Sure, I think no one can tell that knows everything! Each day – new knowledges.

Lam | TRAVA.FINANCE – Will never DM you first: Totally agree with all of you. So we are here today and we want to know more knowledge, ideas from Satoshi CLUB community.

Mary | Satoshi Club: We will do our best😀

Quinn l TRAVA.FINANCE – Will never DM you first: My name is Quinn Pham, Marketing Lead of Trava.Finance. I am very happy to be a part of the revolutionary project. I’ve worked in the field of MarCom in many IT projects over the years and was immediately in love with DeFi and Lending in particular. I can’t find this sort of energy and culture outside of the crypto space.

Trava team, including specialists and individuals in such domains of blockchain, finance, risk management, and other related fields, expects that users can assess TRAVA.FINANCE as a lending project providing the best solutions with a long-term vision.

Mary | Satoshi Club: Yes, energy here is unbelievable!

So, how young is Trava Finance? How many people are working on its development?

Lam | TRAVA.FINANCE – Will never DM you first: We are a team including more than 20 members. We have started since 2018. At the beginning, we develop some projects such as a platform to create Dapp in a quick and easy way, tracing application.

Andrés M. | Satoshi Club: Please tell us, what is the meaning of Trava name?

Quinn l TRAVA.FINANCE – Will never DM you first: TRAVA means Transfer Of Value. We built Trava.finance which is a novel lending protocol for users among multiple blockchains.

Andrés M. | Satoshi Club:
Amazing concept, we are excited to know how you will implement your ideas.

Lam | TRAVA.FINANCE – Will never DM you first: We have developed Trava project since the begining of this year because DEFI is an interesting domain, and we have some new ideas.

Mary | Satoshi Club: Wow, you are not a young project and have a lot of time for development! Why did you choose lending? What is missed in this space?

Quinn l TRAVA.FINANCE – Will never DM you first: We expect that Trava can bring many interesting things and good experiences for users for example data analysis.

Mary | Satoshi Club: I am really excited about all your features! 👍

Lam | TRAVA.FINANCE – Will never DM you first: Yes, we provide some unique features including pool creation, data analysis (such as credit scoring service, NFT auction).

Mary | Satoshi Club: Really nice! I think we can talk about this in details during first part of our AMA 😀

Andrés M. | Satoshi Club: Thank you so much for the introduction👏 Well guys, we have collected the best community questions for you, ready to proceed?

Lam | TRAVA.FINANCE – Will never DM you first: We are ready for the first part 🙂

Quinn l TRAVA.FINANCE – Will never DM you first: Go ahead to Community questions 🔥🔥

Q1 from Telegram User @DK177:

According to your roadmap, you are launching the Alpha version of the knowledge graph in this quarter and the Beta version in the next quarter. Further, testnet will be launched in the first quarter of 2022 and the mainnet in the second quarter. Could you please explain the features of the each version? Although you have a clear plan to develop the project, don’t you think prevailing pandemic situation may hinder the process? Your roadmap ends from the second quarter of 2022. Don’t you have any long term plans? Where do you see your lending marketplace in the next five and ten years?

Lam | TRAVA.FINANCE – Will never DM you first: Thank you for your question. This is an interesting and long question 🙂 and I’d love to answer it.

Mary | Satoshi Club: Sure, take your time!

Lam | TRAVA.FINANCE – Will never DM you first: For the Knowledge Graph version, we divided it into two phrases, including Alpha and Beta versions. We would like to prove the feasibility of building the graph based on the data gathered from different sources (blockchain networks) for the Alpha. In this direction, we have to deploy a node of a selected blockchain (we’ve chosen BSC), then we store all state of data transactions from the network via the node. We shape the knowledge graph by indexing all entities related to wallet addresses on the network and link those entities together according to the data features.

We have done the first version of this graph. In addition, we also offer the update mechanism frequently for the graph. The update speed hit near real-time. Next, we would like to build up a data analysis service based on the knowledge graph for the Beta version.

This is an important factor because the built service will demonstrate the applicability of the graph in practice. In this way, we have already developed a credit scoring mechanism for our products. The scoring functions will be applied to many DEFI areas like evaluating borrowers, lenders, tokens, markets, pools, etc.

For the first step, we have provided credit scores for ORAI holders (ORAINCHAIN is our partner), then we also calculated the score for those who deposit into our staking vaults. Please visit our staking site to get experience of credit score service: https://staking.trava.finance/

Mary | Satoshi Club: Nice TVL😉

Lam | TRAVA.FINANCE – Will never DM you first: Thanks. TVL is around 4.3$ millions. You can participate in the staking program at https://staking.trava.finance/

Mary | Satoshi Club: Who will participates in Alpha and. Beta versions? Will it be available for everyone?

Lam | TRAVA.FINANCE – Will never DM you first: We collect transactions from existing chains and create the graph of everyone.

Mary | Satoshi Club: Gotcha! What about long term plans?😀

Andrés M. | Satoshi Club: Do you have more partnerships?

Quinn l TRAVA.FINANCE – Will never DM you first: We officially announced our partnership with Orai – the world’s first AI-powered oracle and ecosystem for blockchains. Both sides now cooperate with each other to integrate AI-powered Oracle services into the lending platform. More details at: https://bit.ly/TravaFinancexOraichain

Few days ago, we also have the new partnership with Dfyn – a multi-chain DEX with it’s current node live on Polygon network. This cooperation is really meaningful in optimizing the user experience on the lending platform with the cross-chain functions: https://medium.com/trava-finance/trava-finance-announces-partnership-with-dfyn-9b6a541747f9

We’re looking for partners in NFT marketplace, as TRAVA.FINANCE allows for NTFs as collaterals.

Lam | TRAVA.FINANCE – Will never DM you first:

Here are our partners.

Quinn l TRAVA.FINANCE – Will never DM you first: Don’t forget follow our channels to get more updates: https://t.me/trava_finance

Andrés M. | Satoshi Club: Congratulations👏 Let’s join Satoshiclubbers🥳

Mary | Satoshi Club: Thank you for your answers guys! Ready to go to the next question?😀

Quinn l TRAVA.FINANCE – Will never DM you first: Can’t wait for more 😆

Q2 from Telegram User @ItsMelissa3:

While other lending platforms have a single lending pool with rigid rules defined by themselves, TRAVA creates a marketplace in which users can create and manage their own lending pools to start. That is a great innovation. Is there a maximum limit of lending pools that users can create? What benefits do users who create their own lending pool receive? Do users receive any kind of advice from TRAVA when creating their own lending pool?

Quinn l TRAVA.FINANCE – Will never DM you first: Thanks @ItsMelissa3 for your question.
We support users who have high-value assets that can create their own pools to obtain more benefits than just taking the lender role. As pool owners, users can manage their pools to attract more lenders and borrowers. When there are more lending and borrowing activities in a pool, the pool owner will get more fees from users, so earn more profits.

Currently, our App does not limit the number of pools that one user can create. However, we think that users should focus on a limited number of pools to make them more attractive than other pools.

TRAVA performs cross-chain data analysis on multiple blockchain networks to support users in pool creation to (i) recommend optimal pool parameters for pool owners and (ii) detect unusual transactions in their pools.

Mary | Satoshi Club: How expensive will it be to create a pool?

Quinn l TRAVA.FINANCE – Will never DM you first: About 0,3 BNB

Mary | Satoshi Club: Yes, I don’t think someone will create hundreds of pools 🤣

Lam | TRAVA.FINANCE – Will never DM you first: We are optimizing to reduce this fee.

Quinn l TRAVA.FINANCE – Will never DM you first: This fee is just transaction fee, we do not charge users any kind of fee.

Andrés M. | Satoshi Club: Wow, I want to create mine 😁

Mary | Satoshi Club: Which blockchains will you support in cross chain analysis?

Quinn l TRAVA.FINANCE – Will never DM you first: BSC, upcoming is Polygon and Eth.

Mary | Satoshi Club: Nice choice, but I suppose it’s just the beginning?

Quinn l TRAVA.FINANCE – Will never DM you first: Yes, at the beginning we have the plan deploying on BSC.

Mary | Satoshi Club: Gotcha!

Andrés M. | Satoshi Club: More chains are coming right?

Quinn l TRAVA.FINANCE – Will never DM you first: Yes, as I said before, Polygon and ETH are in the near future.

Lam | TRAVA.FINANCE – Will never DM you first: Yes, of course. We plan to support all major chains. The next plan is Polygon and ETH, and open to other chains soon.

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

Quinn l TRAVA.FINANCE – Will never DM you first: Yass 😂

Q3 from Telegram User @Highpee:

To address the problems of NFT’s subjectivity and sentimentality for lending pools, you announced that you will integrate Oraichain NFT price feed and AI-Right’s NFTs to price NFTs in a trustworthy and objective manner. First, I will like to ask why you prefer to adopt Oraichain’s price feeds to optimize lending pools’ utilities rather than other oracles such as Chainlink? How will Oraichain solve the sentimentality accompanied by the subjective nature of NFT valuation and pricing? In what way will this allow you to enable objective NFT pricing, avoid its price fluctuations and integrate NFT into the lending process?

Lam | TRAVA.FINANCE – Will never DM you first: Thanks for your question. Glad to know that you have looked into TRAVA. I will answer it.

Oraichain is one of our partners. They provide many quality services, the pricefeed is one of them.

Hence, from our list choice, we will use the functions of our partner first. However, the goal of Trava’s team is to bring the best functionalities for our customers. So what is the best, we will try to apply to our protocols.

We are always open to any partners, which have the best functions that can bring value for our users. We will listen to Chainlink and do a comparison first between the two services. Of course, partners are also an important factor when we consider the choice.

Regarding NFT, Trava will provide the NFT auction function for our users. Hence, we can help user price their NFT. The users can put the NFT (already priced) into lending contract or sell directly after the auction. In this way, we can increase the NFT liquidity, bring NFT into the real-life (lending business).

It should be emphasized that we will not use Orainchain’s pricing function. We will build another for Trava with unique features.

One again, thanks for your great question and I hope that I provide enough information to @highpee.

Mary | Satoshi Club: It’s really exciting, till now NFTs are mostly beautiful pictures.

Lam | TRAVA.FINANCE – Will never DM you first: I agree with you. We plan to bring NFT into lending pool. Therefore, NFT auction is an effective way to open the acceptance of NFT.

Mary | Satoshi Club: When this auction will be live? Will it be testing in Alpha and Beta versions?

Lam | TRAVA.FINANCE – Will never DM you first: In Q4 we will provide this service – NFT auction. So please join our project to know what we are doing 🙂

Mary | Satoshi Club: Perfect! We will definitely try it! I think a lot of people want to bring more value to their NFT collection’s.

Andrés M. | Satoshi Club: Could you share us your roadmap? To know what else is coming😃

Quinn l TRAVA.FINANCE – Will never DM you first: Yes, all the detailed information of our roadmap is on the website: https://trava.finance/

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

Quinn l TRAVA.FINANCE – Will never DM you first: Go forward!

Q4 from Telegram User @nhairym:

Trava distributes tokens with a long-term vision and sustainability for the project, which are its strategies to generate liquidity and keep its funds financially stable, as well as Trava hopes that users can evaluate TRAVA.FINANCE as a project that provides the best solutions with a vision. In the long term, how would your team self-assess your performance, integration, perseverance and entrepreneurship in the complex crypto market, and what can be the risks of owning a multiple crypto wallet?

Quinn l TRAVA.FINANCE – Will never DM you first: Nice question, @nhairym!

We believe that Trava has its own advantages over existing DEFI projects, which creates a solid foundation for the success of this project. However, Trava could not be successful without having the participation of community, including supports, suggestions, and requests.

To evaluate the project, we base on the following factors:

• Are the goals in the roadmap be accomplished? For example, credit-score evaluation, multi-wallet user identification, cross-chain lending.
• Are the requests and suggestions from the community be met?
• Is the value of Trava stable and increasing?

Currently, a user can own multiple wallets on diverse chains such as Ethereum, Bitcoin, Binance Smart Chain, etc. We plan to develop a service that allows us to identify the relationship and ownership of existing wallets. As such, we can recognize that the same user having different wallets.

Through this detection, we can increase the credit score of the users, which is very important for lending and borrowing problem. In traditional banks, a user who has a high credit score, can have more advantages to make a loan. We want to apply this fact to the crypto domain.

Andrés M. | Satoshi Club: Clear and detailed, thank you😁

Mary | Satoshi Club: And no less detailed answer. What are the biggest difficulties you faced while developing your project?

Lam | TRAVA.FINANCE – Will never DM you first:Hard question:), I must say. I will try to answer it. There are many difficulties that our project need to solve.

Firstly, it is the people factor. You should have outstanding teams with very strong IT skills, and DeFi knowledge. You also should have some supporters from your partners in marketing, and business. Without a good team, you cannot do anything.

Secondly, it is QoS. We always put the product quality very high to serve the demand of the community. Therefore, requests, ideas, and supports from the community are very important to us. We believe we can provide a high quality of products when we have a community beside us.

Mary | Satoshi Club: That’s 100% true!
Yes, all feedbacks and ideas, community creativity always help!

Quinn l TRAVA.FINANCE – Will never DM you first: Yes, community is an essential factor to our project development ❤️

Andrés M. | Satoshi Club: You have an interesting project. Btw, how can you assure that user’s funds are safe? Have you done audits?

Quinn l TRAVA.FINANCE – Will never DM you first: Risk can occur in smart contract on many networks. To ensure the safeness, we have several strategies and we are on the process of implementing them.

They are as follows:

• Auditing code performed by third-parties: we are now contacting with Certik and Hacken.
• Audit internally our code. We have a strong team with high-security skill.
• Community check: we will organize hackathon events and reward programs that encourage the community to detect risks.

Andrés M. | Satoshi Club: Great job caring about security, is really necessary.

Mary | Satoshi Club: Thank you for your answers guys! Ready to jump to the next question?😉

Quinn l TRAVA.FINANCE – Will never DM you first: Go ahead 🔥🔥

Q5 from Telegram User @Shinchan_O_P:

Trava Finance mentions that you will focus more on potential and dynamic markets such as India, Arab countries or Korea. Therefore, can you explain why focus mainly on these regions of the world? Is the project not intended to be global in scope?
Is your project a global or local project? And what is your plans to spread awareness about your project globally?

Quinn l TRAVA.FINANCE – Will never DM you first: Thank you, @Shinchan_O_P.
Actually, we would like to serve everyone around the world (i.e global), not only India, Arab or Korea.

However, we always listen and consider all feedback, comments from every market like India, Arab to improve our functionalities. Thus improving our QoS that brings users.

Trava is a global project. We accept all customers around the world except for people in the territories where the government does not allow crypto.

Remember to read our Terms of Service carefully to make clear our state 👍

Mary | Satoshi Club: So, some regions will be restricted to use Trava Finance? Do you already have such list?

Quinn l TRAVA.FINANCE – Will never DM you first: Find more here: https://app.trava.finance/terms-of-services

Andrés M. | Satoshi Club: So, do you have some ambassador program?

Quinn l TRAVA.FINANCE – Will never DM you first: Yes, we have plan of ambassadors and education programs for users. We hope to receive support from everyone. Until now, we have some and they are active.

Andrés M. | Satoshi Club: We want to know more about your community😁

Mary | Satoshi Club: We will wait for the updates from you! Don’t forget to share with Satoshi Club 😀
Thank you for your answers! Ready for the 6th and last question from this part?🚀

Quinn l TRAVA.FINANCE – Will never DM you first: 🔥🔥 Go ahead!

Q6 from Telegram User @centerone12:

Without a doubt, community support is one of the most important factors leading to the success of a project. Do you have a strategy to engage and expand the community? As a developer and if I find some bugs in TRAVA Finance core contracts, how can I report them? Will you compensate any? Even after some testing, why do you think there will be some error?

Quinn l TRAVA.FINANCE – Will never DM you first: Nice question about community from @centerone12 ❤️

Find more about our community: https://t.me/trava_finance

To us, community always comes first and we would like to become a community project soon.

As a user, you can do a lot of activities to contribute to the sustainable development of TRAVA by participating in borrowing on the platform, creating pools, depositing money into pools, and participating in other activities such as AMAs or mini-games. We would greatly appreciate your participation.

As a dev, you can join our technical support group on telegram to give a contribution to the development of our project, so we can improve our solutions and better our project.

Currently, our Telegram (https://t.me/trava_finance) has more than 15K members. We appreciate the interest of the community and hope to meet the wishes of users. Come and join TRAVA community ❤️

Mary | Satoshi Club: Btw, you have interesting announcement, as I see😀

Dear Trava Community,
❤️‍🔥We’re pleased to announce that the prize for the Speed-up Round of “Credit Score Olympic” has been updated on our Staking site (https://staking.trava.finance/).

🚀We are even more than happy to announce that in comparison with Kickstart Round, more than 100 additional participants has joined in “Credit Score Olympic”. And the prize unit in Speed-up Round was determined at approximately $5.29.

More importantly, with a view to increasing the prize for all participants then creating a strong driving force right before listing, we have raised the total prize of this round to 1,500,000 TRAVA. And for the Finish-line Round, the total prize will be 2,000,000 TRAVA.

📌The prize will be calculated in US dollar and distributed in TRAVA at the converted price from USD to TRAVA at the time of distribution.

🎉Congratulations to all participants.

💪🏻Let’s get ready for the Finish-line Round of the Game now (https://medium.com/trava-finance/credit-score-olympic-let-the-game-begin-28f5fa2321de).

👥 Our Official Social Media Links:

• Website (https://trava.finance/)
• Telegram (https://t.me/trava_finance)
• Announcement (https://t.me/trava_finance_official)
• Twitter (https://twitter.com/trava_finance)
• Medium (http://blog.trava.finance/)
• Reddit (https://www.reddit.com/r/TravaFinance/)
• Github (https://github.com/TravaFinance)

Quinn l TRAVA.FINANCE – Will never DM you first: Yes, it’s about our Staking Program with high incentives. Come and join us!

Mary | Satoshi Club: Satoshiclubbers 🚀🚀🚀
Thank you, guys! A lot of useful info we got during first part! And second part is knocking at the door 😉

Andrés M. | Satoshi Club: @quinnTrava and @lamtrava, thanks for this great first part of the AMA, we enjoyed so much😁

Quinn l TRAVA.FINANCE – Will never DM you first: Really nice questions from community 🤣 Really detailed about TRAVA

Mary | Satoshi Club: Live part!

Lam | TRAVA.FINANCE – Will never DM you first: Yes for sure, let’s go into it 🙂

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @donthaveanynameatall:

When and where will Trava list? Do you plan to provide Farming for users?

Lam | TRAVA.FINANCE – Will never DM you first: $Trava token will be listing on 5th August on Pancakeswap.

Please follows our channel (https://t.me/trava_financet) to get updates about the token contract and time.

Yield Farming is indeed very prominent today and TRAVA.FINANCE do support this functionality. Users can start to farm TRAVA from 5th August after listing time only 2 hours.

We encourage user to become liquidity providers of Trava vault and receive great profit from it. We also support some other tokens in our vaults.

Q2 from Telegram user @junenov:

Will the Trava platform have any rewards programs to incentivize users now and in the near future?

Quinn l TRAVA.FINANCE – Will never DM you first: Currently, we are offering a staking program which allows users to stake tokens into Trava’s vaults. The program is the foundation of providing liquidity for our lending pools in the future, and more than that, by participating in our staking program (https://staking.trava.finance), users will get enormous APY.

FYI: The first snapshot and the second snapshot was very successful, since it hit more than 4.6 Million in TVL.
The third snapshot of the staking program has started from July 29th and lasts to August 5th.

At the moment, the airdrop program named “CREDIT SCORE OLYMPIC” is running with a prize up to 3,000,000 TRAVA in total for anyone staking in one of three Trava’s vaults.
Read more about this program: https://bit.ly/3zQfJqV

Don’t forget join this program (https://t.me/trava_finance/43744) to get high incentives!

Q3 from Telegram user @ysasoma:

On its website, Trava Finance mentions Credit Score Evaluation, which indicates that based on the knowledge graph, TRAVA assesses users’ credit scores. So, how is the credit score evaluation done on your platform, what are the bases for having a high or low credit score, what are the advantages for the creditor if he has a high credit score and what about if he has a low credit score?

Lam | TRAVA.FINANCE – Will never DM you first: A great question, our credit score formulae are built up based on FICO method and data analyses processes.

FICO is the famous method, which brings reliability for everyone. Besides, our financial team always tries hard to ensure the measurement is precise through turning, monitoring, and audit mechanisms.

The credit score is calculated in a long time (day, month) based on the activities of users, the number of tokens which the user is holding, etc.

If the parameters are high then credit score also is high and vice versa. If you have a high credit score, you have a big chance to get a high Trava pool’s reward, increase the lending ratio per collaterals, etc. A credit score will help you get wins with many profits as compared with others.

Q4 from Telegram user @niko518:

At TRAVA FINANCE, any collateral type, including NFTs, can be used as collateral for any currency. How can NFTs serve as collateral for any currency if they are not fungible? The quantity of currency that may be lent is determined by the current price of the NFT.

Quinn l TRAVA.FINANCE – Will never DM you first: We will provide the auction function for NFT assets. Thus, the NFT’s owners can open an auction session to price the NFT. The auction winner can buy directly the NFT or he/she can join in a collateral smart contract by locking their NFT’s payment. In this way, we can price, and put NFT into the lending process.

Besides, our approach also helps increase the liquidity for NFT because the asset can be used in the lending business in an easy way.

We also avoid the price fluctuation of NFT because the NFTs have been priced in the auction contract before.

Q5 from Telegram user Marzia@K|J:

Well from what I read from today AMA, Trava is great lending project, may I know how are the ways if I want to purchase Trava token? Any info regarding presale or public sale of your token?

Lam | TRAVA.FINANCE – Will never DM you first: Nice question. We are delighted to announce that TRAVA will be listed on PancakeSwap at 3.00 P.M UTC August 5th.

This listing of $TRAVA is to complete the diverse lending ecosystem of TRAVA.FINANCE, in which $TRAVA serves as reward, governance, farming, collateral and payment. Moreover, the listing of $TRAVA is to ensure the token allocation and token release for a long-term growth of TRAVA.FINANCE.

Q6 from Telegram user @surendra040:

In Trava platform, semantic cross chain knowledge graph is new for me to understand. Can you explain how this graph works and covers the useful data structure and linking? How does this graph work in search of useful information and NFTs data?

Quinn l TRAVA.FINANCE – Will never DM you first: The knowledge graph is one of the most fundamental components of TRAVA, which is responsible for storing and representing aggregated data from multiple blockchain networks. The graph and TRAVA protocols make independent blockchains interconnected and create the internet of hyper-linked blockchains, allowing DApps to address complex business in reality.

Let us assume that a user creates one address on the Bitcoin network and one address on the Ethereum network. Because there were no relationships among these addresses, the knowledge graph creates two anonymous users, i.e., AnnonymousUser1 and AnonymousUser2. AnonymousUser1 owns the Bitcoin addresses (i.e., WalletAddress3), and AnonymousUser2 has one Ethereum address, i.e., WalletAddress1. Various information related to a wallet address is stored in the graph. For example, the WalletAddress3 entity contains the average balance, the total amount of ETHs transferred in and out, the total number of transactions, or the average, median, mode, and highest number of ETHs transferred in one transaction.

Depending on users’ needs, the cross-chain identification protocol also supports linking two wallet address entities by a guarantee relationship. Once an address is lost, if all the addresses that guarantee the address confirm the loss, the address status will be claimed as lost in the knowledge graph.

Wallet addresses can also be connected by a transfer relationship. To ensure scalability, rather than detailed transactions, statistical and aggregated information on transactions is calculated and stored in that transfer relationship. As in the knowledge graph example above, several remarkable pieces of information are saved, including BlockchainAddrress1 has transferred 400 ETHs in total to BlockchainAddrress2; it is performed through 10 transactions, and the largest transaction transfers 200 ETHs.

Q7 from Telegram user @Korryl:

Could you explain more about your staking system “Credit Score Olympic”? How are new user possible to join in your stake event and what are the rewards?

Lam | TRAVA.FINANCE – Will never DM you first: The Game, with its ultimate goal to get users to have the first thrilling experience with the inclusive and profound Trava credit scoring system, would be an additional event for all users to earn a more rewarding prize. We’re giving away more than 3,000,000 TRAVA in total for anyone that has credit score by staking in one of three Trava’s vaults.

As staking in Trava vault, we will perform calculating your credit score and rank your wallet address based on your credit score. The higher your credit score, the higher your reward.

Q8 from Telegram user @TheKop9:

A big thumbs up to Trava Finance for the new partnership with DFYN Network. My question is how will DFYN network fit into the Trava ecosystem and which benefits will Trava reap with this partnership? Will it be only funding or something on the implementation side such as swap, liquidity pool as well?

Quinn l TRAVA.FINANCE – Will never DM you first: There will be 4 main benefits for users when we cooperate with DFyn.

We now cooperate with each other to integrate cross-chain solutions from the DFYN ecosystem into the TRAVA lending platform.

The detailed cooperation plan is as below:

1. Credit score evaluation for users.
2. Speed optimization and Fee reduction.
3. The mortgage of assets on multi-network.
4. Future Scope: The NFT-collateralized feature of TRAVA on Dfyn network.

That is the brief about our cooperation. Find more here: https://medium.com/trava-finance/trava-finance-announces-partnership-with-dfyn-9b6a541747f9 Stay tuned for more updates regarding our partnership with DFYN and future announcements about new features and innovations.

Q9 from Telegram user @Asela1112:

Can NFT artists manipulate the price of NFTs in auction or will you take care of that by yourself?

Lam | TRAVA.FINANCE – Will never DM you first: In the auction process, the owner can set the initial price, auction price step for their NFT. During the auction, NFT price is evaluated by bidders. Hope that it is clear for you 🙂

Q10 from Telegram user @raine1718:

Hello, could you tell us about the Trava Finance project’s marketing strategy for attracting new users? How can you persuade people that the Trava Finance Project is unique and special?

Quinn l TRAVA.FINANCE – Will never DM you first: Marketing is a very important factor that brings any project to users. There is no exception for TRAVA.

We have done many marketing activities, including:

• Connecting with influencers, KOLs.
• Doing AMAs in many channels such as we are here today :).
• Publishing articles in Medium and other information channels.
• Providing incentives programs for users like staking pools, games regularly to enable them to get rewards.
• Last but not least, we are based on many USPs of TRAVA. The USPs are the strongest attractive points for our users rather than many marketing campaigns.

Regarding Strategic Partnerships, we officially announced about our partnership with ORAI and Dfyn.

In addition, we would like to make partnerships with data providers or data services with a view to improving our analytic results. Join our channels to get updated information.

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:

• Website (https://trava.finance/)
• Telegram (https://t.me/trava_finance)
• Announcement (https://t.me/trava_finance_official)
• Twitter (https://twitter.com/trava_finance)
• Medium (http://blog.trava.finance/)
• Reddit (https://www.reddit.com/r/TravaFinance/)
• Github (https://github.com/TravaFinance)

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 King Baby Doge and our guests were @tskw1706, @Jeff177, and @migueljay230 – representatives of King Baby Doge. The AMA took place on 3rd 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 King Baby Doge! Welcome to Satoshi Club😀

D. | Satoshi Club:
Today our guests – @tskw1706 @Jeff177 @migueljay230 !

Welcome!

Tobias @KingBabyDoge:
Hi everyone, thanks for having us here, we are from King Baby Doge!! Unfortunately, Jeff and Miguel are not able to make it tonight, but I will introduce them in the introduction section, and try my best to answer everyone’s question!!

D. | Satoshi Club:
Okay😇

Mary | Satoshi Club:
Hello, happy to see you here! 😀

How are you today?😃 Hope everything is ok with guys😉

Tobias @KingBabyDoge:
Have not been better, it is a big pleasure to present our token in front of Satoshi’s community and ours too!

Mary | Satoshi Club:
So, let’s start 🚀

Tobias @KingBabyDoge:
Yep Let’s Go!

Mary | Satoshi Club:
And we will start with intro😃

Could you please introduce yourself and tell us more about King Baby Doge 😉

Tobias @KingBabyDoge:
Sure thing!

Allow me to introduce myself. I’m Tobias, founder of King Baby Doge token, an ordinary man who fell so hard for crypto earlier this year, now a Crypto enthusiast that have decided to go all out and build a community with a bunch of awesome folks.

Then we have Marks and Miguel, our main devs, both are a Ruby back end developer who is in charge behind the coding of KingBabyDoge on BSC, I learned so much from them for the past 3 months. Also Jeff who is our marketing manager involved in the project.

Our team is made up of 10 awesome people located all around the world. Which ensures the community to be live 24/7 thanks to all the time zones we cover. We have been working for the past 3 months on how to give you the best token and community you could wish for.

Mary | Satoshi Club:
How did you get involved in crypto?😃

Yes, crypto unites👍

Tobias @KingBabyDoge:
I believe you all know how crazy the vibes is at the beginning of the year how bitcoin is rocketing, and then I just nosedived and got more involved, and end up trying to develop a community revolving a token

You can say I start off as a FOMO but end up fell so hard to learn more about crypto, blockchain, and this whole community 🙂

Mary | Satoshi Club:
Ahaha, right! Understand what you’re talking about

One more question about your team😃 are you anonymous?

Tobias @KingBabyDoge:
We are actually doxxed, as mentioned here, you can find us in our TG group, where all members know us there, as we believe transparency is the best policy. But the rest of the team are still anonymous at the moment

Yeap, but along the way we will be doxxing more people throughout, to get them be more public with our community.

Mary | Satoshi Club:
By doxxed you mean that we can see your LinkedIn profiles etc?😃

That’s great!

Tobias @KingBabyDoge:
I’m sorry, can I revert by saying we are semi-anonymous, we show ourselves in the group, but still keeping some personal information private.

😄

Mary | Satoshi Club:
Gotcha 👍

So, now tell us more about King Baby Doge 👍 your mission in crypto space.

Tobias @KingBabyDoge:
Will do.

Our token is King Baby Doge, and our motto is to Journey Like a King!. Our main function is smart buyback and high deflationary concept. Basically yes, we are one of the “DOGE” themed token, but we are definitely not your typical meme token.

Our long term goals is to stand among the successful Doggie tokens or even be like Dogecoin itself. Acknowledged by the public and getting adopted by big institutions.

But first, we set sights on our more feasible target in the near future which is to be able to contribute more to the society through charities, and make our community so much bigger!

Hahaha glad to see you like our stickers!

Mary | Satoshi Club:
Nice mission 😃

Thank you for your intro 🚀🚀🚀 and now, are you ready to start with the questions from our community?🎉

Tobias @KingBabyDoge:
Sure thing!

Mary | Satoshi Club:
Let’s go 👍

Q1 from Telegram User @orlemys
In recent months the reputation of ‘Doge’ projects keeps going down, being categorized mostly as scams and rug pulls. So, how do you plan to prove yourself trusty to the community? What are your valuable products? How will you keep your value growing and what are your main plans to attract investors?

Tobias @KingBabyDoge:
For all these questions, let me sum it up into 3 important values and points.

First, Transparency, We believe that transparency is the best policy, and honesty is something that nowadays is hard to find around the meme-token community. You can always find us around the TG group! Because of our transparency, we also passed 2 audits right before token launch (something very rare for a meme token)

Second, Our best feature is the auto-burn, auto-buyback, and the reflection function, the auto burn & reflection to holders function shall be investors greatest incentive to buy KBD, as it will ensure the KBD that you hold grow in value and in figures. While the auto-buyback will maintain the stability of when each transaction happens, the moment someone sell, a distributed portion of buyback will happen.

Mary | Satoshi Club:
Can you share your audit reports with our community?

Tobias @KingBabyDoge:
Sure, let me forward a link super quick

WE HAVE TWO AMAZING AUDITS DONE ON OUR CONTRACT

Completed before launch!

 Solidity Audit (https://bit.ly/KBD-Solidity-Audit)

DessertSwap Audit (https://bit.ly/KBD-DessertSwap-Audit)

Third, AWESOME COMMUNITY our project is 100% community-driven, and we have a strong community who has been with us since the bad launch, and still sticking with us, until now because they believe in our core values and our commitment!

Mary | Satoshi Club:
All these features are working now?

Tobias @KingBabyDoge:
If everyone sees our chart, it is visible that we had a bad launch due to a couple of reasons, from DxSale erred, then presalers all started to freak out by selling their tokens, resulting in the dropped of liquidity. But we’ve fixed everything, and from it we are climbing back up. Our first strong point is getting listed by Coingecko within 24hrs!

Yes it surely is!

So, I would say people who get in now, can consider themselves on a 200% discount 😆

Mary | Satoshi Club:
Do you have any statistics about auto-burns and auto-buybacks that have been done till now?

Tobias @KingBabyDoge:
Yes, we do!

Mary | Satoshi Club:
Community is real force 💪

Tobias @KingBabyDoge:

🔥 King Baby Doge Burn (https://bit.ly/KBD-BurnWallet) (https://bit.ly/KBD-BurnWallet)Wallet (https://bit.ly/KBD-BurnWallet) 🔥

Tobias @KingBabyDoge:
https://bscscan.com/token/0x38f6a05C5215dF73843E55a9F7A881403f53c95f?a=0x000000000000000000000000000000000000dead

Mary | Satoshi Club:
Awesome!👍 So, everyone can check!

Thank you for your answers! Ready to go to the next question?😉

Tobias @KingBabyDoge:
Ready as ever 🙂

Q2 from Telegram User @DK177
Security is a vital ingredient of a project. Therefore, users tend to invest in a project by inspecting audit reports. According to your roadmap, #KBD will be listed on several DEX and CEX during first three phases. You have a milestone to create 10, 000 holders by the second phase and 25, 000 by the third phase. However, your CertiK audit submission has been planned for the third phase whereas it will be completed in the fourth phase. Do you believe 10, 000 people will hold #KBD without examining any audit report? Prior to the CertiK audit submission, what are your security measures to assure the safety of the investments? Further, please let us know the reason for postponing the audit to the third phase.

Mary | Satoshi Club:
As i see people mainly trust Certik😃

Tobias @KingBabyDoge:
Yes our plan is to get listed on several DEX & CEX and we are still very new, more or less 3 days old, but close to 2500 holders, and 6000 telegram group members along the way.

As mentioned that we managed to pass 2 financial audits before token launch, solidity finance, and dessert finance, this really shows a great statement that we are definitely serious in our project despite being a meme token.

We all know that passing Certik audit is always every token’s mission, as I would say one of the best audit among several audit in the blockchain, or I can say it’s the best.

But it is never easy to passed the audit thus we would like to give ourselves more time before we get to that audit.It is initially plan to start on the 3rd phase of the roadmap but along the way we will definitely get more audits to verify and convince us to our holders. But we can definitely bring the Certik Audit forward the moment we are eligible.

As for security measures, we have proof that all of our distribution is locked well before the presale or even token launch. Allow me to share to you all.

King Baby Doge Launch
Preparation

              $KBD Tokens are

   Distributed, Locked, & Loaded.

      KBD DeepLock (https://bit.ly/KBD-DeepLock-Lock)

                    6.7% Total

AirDrop Lock (https://bit.ly/KBD-AirDrop-Lock) 2%
Charity Lock (https://bit.ly/KBD-Charity-Lock) 1% August 1st
2nd Charity (https://bit.ly/KBD-CharityLock-2) (https://bit.ly/KBD-CharityLock-2)Lock (https://bit.ly/KBD-CharityLock-2) 1% Aug 15th
Marketing Lock (https://bit.ly/KBD-Marketing-Lock) 3% for 30 Days

JOURNEY LIKE A KING

D. | Satoshi Club:
What is the problem to have 10,000 holders? just do an airdrop and you will have 10k holders, even 100k holders if you want to, how it can be a goal in roadmap?

Tobias @KingBabyDoge:
Well, having 10,000 real investor holders, in compared to 10k holders through airdrop totally says it all, one will easily dump it any time, while the other are those who truly believes us in our fundamentals and project.

Mary | Satoshi Club:
Uniswap story differs😀 but i understand what you’re talking about 👍

Tobias @KingBabyDoge:
Indeed, we truly aim to be transparent and totally community-driven!

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

Tobias @KingBabyDoge:
Yes sure!

Q3 from Telegram User @Crypilord
Since 2% of the total supply and 1% of the transaction fee is for charity and there is presently no way the community can vote for or against a charity plan. Will there be any added layer of transparency to let users know that their money is going where it should? The king doge charity has been divided into one for dogs and another for children to be distributed biweekly. How do you plan to rationalise the charity allocation? Which charity are you funding first? Is there any plan for the community to be involved in the governance of the Charity?

Mary | Satoshi Club:
👍

Tobias @KingBabyDoge:
As mentioned that we’ve formerly locked our tokens way before the presale and token launch, thus the 2% charity distribution will be released every 1st & 15th of each month

We’ve just launched on the 31st, thus the 1st of Aug charity distribution has been unlocked, though we’ve not gathered enough funds to make our donations yet, so we are pushing for the 15th of Aug.

We push 2 different campaign is that we can be more involved in different communities, our first drive on the 15th will be aiming for the UNICEF as you know there are so many children’s in need nowadays, especially with COVID-19 cases still booming in the Asia and Latin America region.

We will definitely show proof to our community the moment the donation happen, allow me to share a thread too

🐶❤️ Saving Dogs In Need ❤️🐶

👑 We will work together with different
dog shelters over the world, as of
this moment we are land a
partnership with Angels Among
Us, a dog rescue non-profit
organization based at Georgia, USA.
Our charity fund will definitely
provide assurance and relieve tons
of dogs to be saved.

      👉🏼  angelsrescue.org

🐶❤️ Save Children In Need ❤️🐶

👑 Our King’s Charity will also be
distributed to save every children
in need throughout the world, may
it be victims of malnutrition,
Covid-19, or other diseases,
many children throughout the world
in particular the Africa, Middle East,
or other several 3rd World Countries
are suffering. We will donate all of
the funds to UNICEF and may our
little thoughts reached them
and provided them ease and comfort.

             👉🏼   unicef.org

Mary | Satoshi Club:
So, your donations will go straight to UNICEF?

Tobias @KingBabyDoge:
Yes indeed.

Mary | Satoshi Club:
Do they accept crypto?

Tobias @KingBabyDoge:
Cause we all know big a foundation they are for Children’s charity

They are still considering because a lot of other projects is proposing it! But if they refused, we can definitely adapt to covert to FIAT for them.

Once again, every transaction will be transparent to the community and we show every single details to them

Mary | Satoshi Club:
Gotcha 👍 we will wait for the 15th of August 😀

Tobias @KingBabyDoge:
Sure do look forward to it:)

Mary | Satoshi Club:
Thank you for your detailed answers! Ready to jump to the next question?🚀

Tobias @KingBabyDoge:
Let’s go!

Q4 from Telegram User @KathDM
I did read that the owner of King Baby Doge token is from Argentina. Lately we have noticed how the adoption of cryptocurrencies has increased in Latin American countries. Being an Argentinean … what opportunities would King Baby Doge provide to the Latin American community? How would you increase adoption in Argentina and in all Latin American countries?

Tobias @KingBabyDoge:
Haha yes I’m from Argentina, and allow me to elaborate more on that

The adoption of cryptocurrencies are definitely happening globally, including here in Argentina. The Latin America is still a developing country, you can still well notice the economics disparities, and I’m aiming to make King Baby Doge, the “Dogecoin” from Argentina 🤞, Big dreams but we have long way to go from here. The opportunities are definitely huge once our token has been adopted by bigger institutions.

We have our Spanish telegram groups, which is still not huge, but by making use of the same language, I’m pretty sure we can increase adoption along the way. We are still improving every day. https://t.me/KingBabyDoge_SP

Viva la Argentina!

D. | Satoshi Club:
Are really believe that meme coin can get adoption from institutions?

Mary | Satoshi Club:
Maybe you will have some special events for your Spanish users?

Tobias @KingBabyDoge:
Well it is never bad to dream big, Dogecoin itself were adopted by Dallas Mavericks to be used in their merchandise transactions. So, yeah why not?

Definitely, it will happen along the way, we also worked with Spanish Influencers, let me show you too!

Mary | Satoshi Club:
Sure😀

Tobias @KingBabyDoge:

Mary | Satoshi Club:
Oh, nice video 🔥

D. | Satoshi Club:
This is your ambassador?

Tobias @KingBabyDoge:
Yes, she is!

One of the IG influencers that we’ve been working together with now!

Mary | Satoshi Club:
Good choice!

Thank you for your answers! Ready to go to the next question?😉

Tobias @KingBabyDoge:
Yes sure!

Q5 from Telegram user @josegamboac
KingBabyDoge has concept of highly deflationary moon shots will be the best feature of $ KBD, where TOKEN BURN occurs frequently to increase token value and deflate supply. As this is their best feature, how often do they estimate to burn the token? What percentage of token is it estimated to burn in each burn? What other deflationary characteristics does the token have?

Tobias @KingBabyDoge:
Yes, the token burn has occured since our launch, we have managed to burn around 20% of our supply, 12.4% upon initial burn, and the rest are the auto-burn function from each transactions. 1% is the distribution from our transaction taxes. Yes it is very big, also pushed by CG Listing, which makes the influx from the transactions resulting to more burns.

Mary | Satoshi Club:
Can you share your tokenomics with us?

Tobias @KingBabyDoge:
Apart from token burns, we also have part of the characteristics to be reflected to the holders, so each time a transaction happen, they will get certain distributions of reflections.

Sure!

King Tax Fees:
✨ 4% Buy-Back Function
✨ 1% Burn
✨ 2% Reflected to Holder
✨ 1% King’s Charity
✨ 2% Marketing (for non-stop ads)

This applies for both buy and sell transaction

You might wonder why does our sell tax is the same price with our buy tax, that is simply because we are trying to take a different approach/angle on this. Most of the time, if a project is not good, but there is a lot of hype going on, people will nevertheless dump the coin upon launch, despite the number of tax imposed on the sell transaction.

But what if you implement the exactly same tax on the sell tax with the buy tax, simply gives people a different thought that oh, this token is confident that their holders can sell whenever they want, thus making them holding longer all thanks to us having great fundamentals, and marketing. Eventually tokenomics is still just part of the token, and how we grow the community is still what matters most.

Mary | Satoshi Club:
👍

Tobias @KingBabyDoge:
https://bscscan.com/token/0x38f6a05C5215dF73843E55a9F7A881403f53c95f?a=0x000000000000000000000000000000000000dead

You can also refer to this for the number of tokens burnt.

Mary | Satoshi Club:
Everything is clear for me 😀

Thank you for your answers! And only one 6th question left from this part 😉

Ready for it?

Tobias @KingBabyDoge:
Yes of course!

Q6 from Telegram user @yellowchamp
I found out in Phase 3 your roadmap that you plan to partner with some Big Influencer. But as we know that collaborating with some Big names or influencers cost also a big funding,so how will King Baby Doge provide funds for collaborating with some big influencer as we know that you are still new in the market? How will your platform deal and negotiate with some Big influencer? Can you tell us a little idea,who will be the influencer you are eyeing in partnering to advertise and market King Baby Doge? So,aside from this marketing strategy,what other options you want to engage that does not cost so much funds? Since, partnering big influencer is in the plan already,are you in the midst of negotiation already or you are still finding some big influencer? Thank you

Mary | Satoshi Club:
👀

Tobias @KingBabyDoge:
Yes, collaborating with Big names required big big funding, 1 thing for sure is that we are going to use the Marketing distribution to fund it and it the same time, we are still growing our community and exposing it to more people to realize that goal. So, one of the reason for us to do 600HC presale is to get enough fund locked for the marketing action plan.

Mary | Satoshi Club:
600HC presale already happened?

Tobias @KingBabyDoge:
We definitely could not aimed Elon Musk haha, but we actually started to reach out to different IG influencers from different background, Fitness, Beauty, Football stars, to attract more newcomers to the crypto community and thus organic word by word shilling is definitely on our plan with our community too! We are in the midst of negotiation but we decided not to divulged any news until further confirmation. So, we urge everyone to join us and stay tuned for our exciting marketing plan!

Yes it did, on the 30th july and filled within 10 minutes!

Mary | Satoshi Club:
So, now only good news ahead 😀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @rinnguyen
As King baby doge is audited by two different Financial audits, How is this as an achievement?
What were the positives of these Audits?

Tobias @KingBabyDoge:
I have seen a lot of projects, especially meme token that has decided to launch or even do presale without any audits passed, so considering us a meme token, getting verified by Solidity Finance and Dessert Finance way before presale shows that we are transparent and serious with our projects! 🚀

Q2 from Telegram user @Ishan1_7
Many projects use the buyback mechanism, which is a very good mechanism. This mechanism will greatly benefit your project. Do you intend to incorporate this mechanism into your project?

Tobias @KingBabyDoge:
We already have a smart buyback mechanism in plan, which will buyback a certain number of tokens to maintain stability in the price.

But in the near future, we are looking into adopting the Kraken Buyback function, where there will be whale wallet in place that will be used as an insurance in case there is a massive dump happening, by whales, and we can buyback that huge gap to pump the price up!

Q3 from Telegram user @Kathdm
Your community-driven $KBD pours 2% charity distribution into your King’s Charity. Your King’s Charity shall be utilized to fund dogs In Need. Will you work together with different dog shelters around the world? Will charity programs also located in Latin America be included there?

Tobias @KingBabyDoge:
Yes, same like other doggies token, our main motivation to start this token is to care for more dogs around the world, we started with Angels Rescue at Georgia, because the USA is a huge market, and this charity reached out to us, when we promoted through social media.

We are definitely looking to donate to other organizations, and by time we will let the community choose on which place to donate.

Yes as for Latin America charity, we are looking at https://animalaware.org/en/ a charity place located at Guatemala.

Q4 from Telegram user @Korryl
As we know NFT really popular on this year 2021, can you explain what King Baby Doge development regarding NFT section ? and what will be look like your NFT ?

Tobias @KingBabyDoge:
We are definitely looking into NFT, to work together with unique artist to create our very own NFT, at the moment thing are still work in progress, and the development are on track, if things goes well we will launched it on our phase 4.

KING BABY DOGE
in the NFT World

Our latter stages involve bringing in King Baby Doge’s very own NFT collection. Our DEVs has been tireless in producing new innovation. With KING BABY DOGE very own NFT collectibles, we are creating a statement, fun, and joy to the community. Every NFT collectible of ours has all the potential to be the next Jack’s Tweet. Cause why live like a commoner when you can live like a KING!

👉 75% Buyback & Token Burn 🔥
👉 20% Team Design
👉 5% Marketing

Q5 from Telegram user @highpee
Your project has some fantastic features👍 but your launch was not as fantastic. What happened during your presale? Have you been able to fixed and overcome this issue? Do the team has commitment that can overcome the challenges you may be faced with so as to ensure this project succeed?

Tobias @KingBabyDoge:
Yes we honestly having had our token dumped upon launch is something that no developers want to happen. It was caused by several reason, 1st. Dxsale erred and unable to finalize to initiate token launch for 13 mins, cause major investor to panic, 2nd lots bots buy dumping and paperhand to dump the price further, and yes, our devs worked so hard to overcome theissue, and our team has been putting huge effort to overcome this hurdles.

Also shoutout to our amazing community, who has stayed with us, and enjoyed the Coingecko listing surge, I know at the moment we went down, but with strong fundamentals, we are on track to go back up!!

Q6 from Telegram user @orlemys
You’ve said that King Baby Doge’s best feature is its high deflationary moonshot concept for the $KBD token. There will be regular token burns and a smart buyback feature. This is done to make the price of the token go up. But I’d like to know what are the limitations of this strategy? What is the highest value that the $KBD token can reach? And also, what’s the risk behind it, how volatile can it be?

Tobias @KingBabyDoge:
Volatility is a common features of every tokens in the crypto market, the limitation to this strategy is at there will come a time where the supply got so limited, and the value of our tokens spiked high up. As always, we aim to kill as many zeroes as possible, and we would like incentivize our community with huge gains!

Q7 from Telegram user @Shaa93
Why should I and everyone buy $KBD instead of other doge tokens? Is $KBD a long-term investment?

Tobias @KingBabyDoge:
Simple answer is we have a loyal community, strong fundamentals, and we are at a crazy discount, so KBD sure is a long-term investment for Satoshi’s clubbers now! Check us out in our TG group for way more detail!

Q8 from Telegram user @MdLuffyo
What blockchain is the kingbabydoge platform integrated into? can you share the reason? Do you have plans to work with multiple blockchains in the coming period?

Tobias @KingBabyDoge:
We are using the BSC platform at the moment, and yes along the way, once our token has gained way more attention and huge interest around the blockchain, we are looking to integrate with multiple blockchains, starting from Ethereum, and actually, Cardano, once it has launched its smart contract, it will then be a huge boost for them and definitely for us 🙂

Q9 from Telegram user @Nonerlike
How old is your project? Isnt it too early to go for donations within short time?

Tobias @KingBabyDoge:
We are definitely 3 days old only, and yes as you might have thought that it might be way too early, and our initial donation might not be as huge as we might have contributed if we postponed it further! But we would like to show the public that we are true to our words, and Action over Words.

Q10 from Telegram user @PrudhviB8
This is the best project that I have seen from a lot and the feature that impresses me is buyback option. Can you please tell me how this option actually works in detail?
How much amount of burn can we expect in the future? and
What are the biggest plans ahead in marketing. Can we see this as a long-term project?

Tobias @KingBabyDoge:
Thank you for your support, the buyback options as mentioned is to maintained stability in every sell transactions, and since we’ve burnt around 20% of supply, upcoming burns will purely based on the transaction and probably goes slower.

Our biggest plan on marketing at the moment, is to get listed on Coinmarketcap and we are just a few holders away on that, in the same time this is definitely a long term project and we would like to invite Satoshi’s member to ride our project to the moon!

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of King Baby Doge. 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
King Baby Doge Telegram community: https://t.me/kingbabydogechat
Twitter: https://twitter.com/kingbabydoge2
Website: https://www.kingbabydoge.io