We are pleased to announce our next AMA on September 5th 2021 at 05:00 PM UTC Time: Satoshi Club x Proto Gold Fuel (Ck-pgd)
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Proto Gold Fuel (Ck-pgd) Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Proto Gold Fuel (Ck-pgd) Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Proto Gold Fuel (Ck-pgd)
For more details:
Proto Gold Fuel (Ck-pgd) Website – proto.gold
Proto Gold Fuel (Ck-pgd) Telegram – @Proto_Gold
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
From your website I notice a statement which says that “Proto.Gold is A DAO, By the People For the People”. What’s your approach towards getting users to your platform and how Transparent Is Proto Gold with it’s members in Decision making?
“Protogold” is a community based project with deflactionary and charity reward mechanism. And also it has a governance model. So, tell me in which type of project aspects the governance token holders can vote. I mean can i vote in both the charity campaign of “Protogold” And also the project upgradation? Is there any other token than $PROTO in your ecosystem for the governance model? Beside, voting your DAO is there any other ways to govern your platform with the governance tokens? And, also I saw a charity vault in your website, Can the users send their funds to that wallet if they want to donate for charity? If not, why is the charity vault? Lastly, have you done any charity donations before you have urged into this project? If so, can you share it with us.. Thank you
Proto.Gold is a cross-chain DeFi (Decentralized Finance) blockchain protocol designed to provide community members with both immediate and long-term benefits through a set of programmatically trustless smart contracts. So, my question is that “Protogold” gives benefits to its holders in short/long term. So, how do you say that Proto will benefit its holders in a short period of time? In what ways $PROTO is increasing its price to benefit its users in short-term? If $PROTO benefits its users in short term then how do you run the project for a long-term? Definitely, we know that this immediate benefit will disturb the long-term holders? So, how do you prevent these problems and keep holding the long-term holders? What does $PROTO gain from short-term holders as well as long-term holders? Thank you.
As mentioned in your website ,
DORE is the quarterly airdropped rewards token.And it is mentioned a special rule for DORE Rewards which says, large DORE Rewards(wallets with in excess of 2.5% of the eligible supply) will be capped at 2.5% and the excess will be shared with less fortunate community members as voted by the DAO.
So I am interested to know,
What are the DORE Rewards and How can user be eligible for such DORE Rewards ?
What is the reason to introduce such a rule only for DORE Rewards ? Who are you meant by the less fortunate community members as mentioned there?How do you identify such less fortunate community members?
Thank you..
The ProtoGold ecosystem consists of three tokens namely PROTO ,LAW And DORE..As mentioned in your website PROTO is the primary token while LAW for governance and DORE as the quarterly airdropped rewards token.Three different tokens separately for primary utilities,governance and for rewards .
Could you please tell us more details about this token model ?In your website it is mentioned about PROTO rewards also.so why is there separate DORE tokens for rewards ?How can such DORE rewards be used within ProtoGold ?and it is mentioned,participants in your decentralized contribution events receive free LAW tokens 1:1 with their PROTO as an added bonus..please tell us more about this also ?
Thank you.
Proton Gold has a governance token called $LAW which are given to those who participated on project’s fair launches, D.C.E One and D.C.E Two. May I know, to future expand your governance capabilities and invite more people to engage themselves on Proto Golds’ ambitions, would you provide liquidity for the $LAW tokens and for us to buy them on exchanges? How many $LAW token will be in circulation? Also, will there be a hierarchy on your government DAO? Participating on the two DCE means being at the top?
Proto Gold has another token called $DORE and is used to incentivize loyal users and token holder by providing airdrops and bonuses every quarter. Other use-case of this token includes a ticket for Proto Gold’s periodic lotteries. I cannot find details about this program, so can you explain to us what is Proton Gold’s periodic lotteries? Who are the participants of the raffle and how can the community participate on those lotteries?
Recently, Proto Gold had announced its successful codebase audit report done by the respected crypto auditing firm, Hacken Cybersecurity Services. The result shows no signs of technical vulnerabilities however, the firm suggested that Proto Gold to find alternative ways on how to reduce the use of gas within the network. My question is, what will be Proto Gold’s plans to address high gas fees in its network? Would you explore and prefer other networks and blockchains that offers efficient transactions with lower gas fees like Solana and Polygon?
The Proto Gold ecosystem consists of three tokens: PROTO, DORE and LAW. These tokens have been designed to tightly support and enhance each other. Each also provides its own unique value and set of use cases within the ecosystem. Together, these tokens also provide comprehensive strength for the community and its members. Can you please highlight some of the unique values of these tokens and their use cases? Also, The protocol will initially launch with all three tokens on the Binance Smart Chain but will evolve into a full, cross-chain, rewards and savings protocol. How long will it take for these tokens to evolve into a full, Cross-chain, rewards and savings protocol?
Each on-chain transaction of PROTO results in an automatic 10% contribution. This supports the technical evolution of the protocol, its market awareness, and the distribution of both Instant PROTO Rewards and quarterly DORE bonuses. Specifically, when a community member exchanges BNB for PROTO, the BNB is converted to PROTO and 90% of it is deposited into the user’s wallet. What happens to the remaining 10% of PROTO? Is Swapping Proto for BNB having similar mechanism as swapping BNB for Proto? What is the major difference there?
Proto Gold is based on a decentralized protocol, exchanged on a decentralized platform, and governed by a decentralized organization. But like any project, it is not completely devoid of risk. The broader cryptocurrency market is characterized by volatility and it is unrealistic to think that Proto Gold will be totally immune to forces affecting the overall market. So, what remedies are there for Proto Gold to see that some of these factors that include Counterparty Risk, Contract bugs, Malicious actors don’t bring a bad name to the project?
PROTO GOLD FUEL – I have read your white paper and must say I’m very impressed with the Outlook of your blockchain. However, a bit skeptical with Item (14) Fourteen of your Table of Contents i.e. (RISK FACTORS and REMEDIES). On your contract bugs- you made us to understand that all of PROTO GOLD’s contracts are being audited by a firm who is established and competent in their Craft (and will be formally announced upon your audits Completion). In addition, resources are set aside within the development fund to perform Periodic audits on both your operating Code and Funding levels. You went on to say, Still, no audit is Perfect and Cannot totally eliminate the Possibility of an exploitable flaw. Wow, Now my question is, Could you please tell us any inherent flaw of PROTO GOLD FUEL because saying no adult is perfect and cannot totally eliminate the Possibility of an exploitable flaw is like going off before the gun shot for it’s the adults to spot out any flaw?
You did share with us that all the new social media accounts related to Proto.Gold are launching with zero followers. What are the reasons behind that? I’m curious because lately I’ve seen that some new DeFi projects attempt to attract early subscribers is with a social media community that appears robust but, in reality, is largely filled with automated bots and fake or purchased followers. In fact, it is rare to see new projects that decide to start their social media accounts with 0 followers. What motivated you to do it like this? Why did you decide to start the social media accounts with 0 followers?
Two of the interesting products that you are building is a launchpad (ProtoLaunch) and liquidity/token lock (ProtoLock). You said your launchpad will be completely decentralised but one of the concern with such launchpads is the way scam projects take advantage of lack of verification on these type of launchpads to propagate scam tokens. Since you operate a strong DAO system powered by $LAW, can community decentrally vote and verify projects that aim to launch crowdsourcing campaign on this launchpad? Will you make it necessary for projects that use ProtoLaunch to lock part of their revenue as Liquidity using ProtoLock? And for your users, what sale format or tier arrangement will you use? Will your 3 tokens be needed to access your launchpad sale?
Your project will have a Charity side and you recently announced your first partnership with United Nations group, World Association of Former United Nations Internes and Fellows (WAFUNIF). How is charity funding and outreach expected to be managed between you and WAFUNIF? How will you work transparently to disbursed the 1% of your fees that goes to the charity fund? Which regions do you plan to reach out to and how will you be selecting charity cases to intervene in? Also, can community be invited in the charity decision making process and apart from WAFUNIF, do you plans to collaborate with other organisations and NGOs?
If we are to look at your project roadmap, we can see that you planned a 75th anniversary and commemorative NFT Gold partnership release. However, I am not exactly clear by what you refer to 75th anniversary NFTs. When will the NFTs be released and what is your project direction as it has to do with NFTs or NFT marketplaces? How will users use your NFTs to access additional platform yield and reward?
Your DAO has partnered with WAFUNIF,the official alumni organization of the United Nation to help alleviate the suffering of many of the world’s least fortunate.To show your support 1.0% or every transaction will be donated to charity.My question is,Which area of charity will you you support,is it for the homeless, orphanage etc?How will your donations get to people around the world since WAFUNIF is in the United Nation and how will the fund be handled among you?Are you making plans to partner with more organizations to support those in need in different countries?Will the percentage given to charity increase in the future when the need arises to support more charities or you will stick to the 1.0%?
A series of contest runs each 90 day cycle on Phantom Platform to all community members and to others reserved members with modest holdings.Can you tell us the activities that will take place during those contest? What incentives will be given to those who participated?Can you also explain the second contest that will be done based on On-chain metrics?Do you presently have any contest going on,if yes how can we join?If no,when will the next contest come up so that we can be part of it?
The Proto Gold ecosystem consists of three tokens: PROTO, DORE, and LAW. They have been designed to firmly support and improve each other. Each also provides its own unique value and set of use cases within the ecosystem. Together they provide integral force for the community and its members. What is the usefulness of each of these tokens within the platform? How does one token complement the other? Characteristics of each of these tokens?
Proto Gold is based on a decentralized protocol, exchanged on a decentralized platform and governed by a decentralized organization. Still, it is important to note that, like any project, it is not completely risk-free. What are the risks to which Proto.gold is exposed? How do you address these risks to minimize the impact on users and investors?
Your community will launch ProtoSwap,a decentralized PROTO/DORE market where the two token may be directly swap.My question is,What is the essence of the ProtoSwap when you are already using Pancakeswap,does it mean PROTO/DORE can’t be swapped on Pancakeswap?What problem will the ProtoSwap solve?What will be the benefits of the Swap and at what rate will users swap their token?When it is launch will the swap require any KYC/AML registration and what security measures will you put in place to secure users funds?
The Proto.Gold protocol automatically sets aside a portion of all PROTO activity for charity. And on your website, it says you’ve raised 16k+ for this matter. However, I’d like to know if the number is expected to grow to a certain point before a donation is made? Will you donate when the amount reaches 20k or 50k? How is this decided? Also, does the community vote on the matter of which organization the money goes to? Do you have specific causes you support? You’ve said 1% of each transaction is donated to charity through a global partnership. Would you elaborate? A partnership with which project? Do all funds go there automatically?
Hello Proto Gold Team! You mentioned that Proto Gold elected to establish a Decentralized Autonomous Organization or DAO as its governing structure. DAO members achieve the power to vote through ownership of the ecosystem’s LAW token. I read that early members will receive a measure of LAW equal to the PROTO holdings they swapped for BNB in your initial decentralized contribution events. What would happen to the later members? How can those members obtain the required LAW tokens to participate in decision-making? Thank you!
When some people are interested in investing in a project, what makes them more confident is that the project has high security. I saw that Proto Gold was audited by Hacken. The audit identified zero technical vulnerabilities. Why did you choose Hacken to conduct the audit? I read that the only preliminary feedback provided was informative and only suggested ways to potentially reduce gas use within the network. What happened to that? Will you consider those suggestions given by Hacken?
ProtoGold defines itself as a DEFLATIONARY, CHARITABLE, SAVINGS & REWARDS PROTOCOL. The protocol automatically sets aside a portion of all PROTO activity for charitable distribution by its DAO. Are you currently associated with any organization where the charitable funds will be donated? Can the community through the DAO approve charities suggested by your globally recognized partners and award donations? Will the community be able to participate in these decisions?
Proto Gold is said to be relying on quite a number of ways to mitigate risk on its platform… this includes; Decentralized governance via a DAO, hardcoded token lockup and vesting periods, Locked liquidity pool, Publicly verifiable smart contracts, Periodic audits, Bi-directional pause functions, Automated funds distributions, and Multi-signature wallets.. some of these ways are not new but can you explain how the bi-directional pause functions, and the automated funds distribution will work, what does the bi-directional functions do, what is the automated funds distribution for, and how does the Bi-directional pause functions and the automated funds distribution Mitigate risks in Proto Gold
It is stated that 1.25% of each transaction in proto gold is sent to the Accumulation Safe as BUSD. These funds accrue over time and are planned to be released every 90 days to facilitate upcoming discount offers that are being secured for the community.. Can you explain what these discount offers are all about, what services in particular, will this Accumulation safe be used to provide discounts for, and when providing discounts, is the accumulation safe funds used to pay for the discounted offers, Will these discount offers be open for all community members, what will be the requirements for benefiting from the discount offers that will be covered by the accumulation safe.
Proto Gold is said to be a cross-chain DeFi blockchain protocol designed to provide community members with both immediate and long-term benefits through a set of programmatically trustless smart contracts. These complementary contracts are said to contain permanently established rules that ensure fair and transparent token rewards and savings distributions.. So how many smart contracts does Proto gold have within its platform, what are the examples of rules that you intend to include in your smart contracts to ensure fair and transparent token rewards and savings distribution for users of proto gold….
In our experience with charitable motivation projects, it is that many times they seek to satisfy their own ambitions with imprecise routes of action, anonymous teams and a lack of long-term attachment, can you tell us how is Proto.Gold different in all these aspects?
I am clear that the PROTO token will be used as ecosystem fuel, the LAW token will be for governance and there will be another DORE token whose function is not clear to me, you are talking about a quarterly bonus, but who is it aimed at exactly? How can users be eligible for these rewards and in what proportion are they rewarded?
It is stated that out of the 10% transaction fee collected by the Proto Gold protocol for each on-chain transaction, a quarter of this (2.5%) is transferred instantly to PROTO token holders. As these funds are shared in proportion to the number of active PROTO token holders, how will the protocol ensure a fair distribution amongst all users irrespective of categories or roles in the ecosystem and since the Proto Gold DAO also influences decisions on the protocol rewards model, are there possibilities that the current instant rewards structure may be altered as project grows, and for how long will this rewards scheme be maintained?
The Proto Gold protocol implements an unusual number of safes which serves different complex functions in the ecosystem. They range from; Charity safe, Audit & development safe, Marketing safe, the AID, DAO governance safe and Accumulation safe. Can you carefully tell us why Proto Gold adopted this approach in it’s operations, how are these listed wallets funded, and since these safes draw a larger proportion of funds from transaction taxes on the Proto Gold platform, wouldn’t it be more efficient for a central wallet or safe to receive and hold these funds?
this project is really awesome
I hope this project continues to grow.
1% of each transaction will be donated to charity. So can you please tell me what kind of charity organization you will donate to? Will it be Human or Animal related?
I just found out in one of your medium article that Proto Gold DAO Codebase has received the Highest Possible Audit Score From Hacken.io and I just want to congratulate you for that. Since you received the highest possible audit score from Hacken.io,can you tell us what makes your platform get the highest score? How does your platform achieved it?So for now,how trusted and safe is Proto Gold? How will you be able to prove and maintain your audit highest score in your platform as time goes by? For having the highest possible audit score from Hacken.io,do you think this factor will help you gain more investors and users to trust with Proto Gold? Thank you
Proto Gold protocol is said to automatically rewards all community members daily by distributes 10% of the daily volume. Also I read that, others will also be eligible for
quarterly savings distributions. What is the distribution modality for the 10% daily volume? Explain more about the quarterly savings distribution and what are the criteria for eligibility for this distribution?
Proto Gold ecosystem is said to be built to be a long-term sustainable system having three tokens $PROTO, $LAW and $DORE powering the system. You made announcement recently giving some great reassurance on the long-term faith in this project with the quote “We were here yesterday, we are here today, We will be here tomorrow And we will be here in years from now.” My questions are, how can you assure us of the safety of Proto Gold? What are the mechanism/ structures in the ecosystem to ensure long-term sustainability? How can a user get the three tokens $PROTO, $LAW, $DORE and what are their utility in the ecosystem?
ProtoLock, ProtoLaunch, ProtoSwap, ProtoStaking and ProtoCharity are Dapps and features in Proto Gold ecosystem. You announced recently that you are pushing to release all Dapps on point. What are the applications of these Dapps in Proto Gold ecosystem? What are some of the unique features of the Dapps and when should we be expecting their Launch? Can explain your charity and staking products? Thank you.
I just found out in one of the twitter post from Rugseekers last August 29,stated that after a long investigation into multiple allegations their assessment for Proto Gold has been reinstated. Facts can be hard to see but they will never stop looking. So,can you tell us what allegations its all about? As I know that you have a successful audit already from Hacken.io, so how come that there were an allegation from Rugseekers before the successful audit from Hacken.io? How does your platform being reinstated? From those allegations,does it gives negative effects of your platform or does it give you motivation to be a better one? Thank you
They are defined as a charity project, you can tell us about this characteristic of Proto.Gold, to which sector your help is directed, how they determine which sector is most vulnerable and in need of your collaboration, according to your distribution of funds, which is the percentage assigned to charity, how can we verify that the funds are actually placed in their real destination?
Because they decided to create 3 different tokens and did not unify the characteristics and functions of each one in a single token, what are the advantages of acting independently, what are those 3 tokens, what are the uses of each one and what is the Which has a greater participation and generates greater profitability for Proto.Gold and its investors?
Despite the implementation of smart contracts, some projects have turned out to be fraudulent, how can we verify their veracity and transparency before formalizing our participation in your platform, has been a recent ProtoGold auditor, how can I become a member of your community and be part of the dec process? making key and strategic decisions?
You have planned to initiate an investment fund within this year. What will be the utilities of this fund? How do you collect funds for it? Please explain whether this fund is related to the internal investments or you are planning to invest in external projects to generate a profit. Who have the responsibility of this investment fund? Do you assure there will not be any third party interventions?
You have created three tokens, $PROTO, the primary token, $LAW, the governance token, and $DORE, the rewards token. It is clear that three tokens have different utilities. However, how do they support and enhance each other? Currently, some projects introduce more than one token. Before creating this model, have you conducted some research on this multi-token model? Please explain the advantages or convenience you have identified.
Your logo has a shape of a crown. By a close look, it can be identified that the crown shape has been designed by combining shapes of three people. Can you please explain the underlying meaning of this design? You have three token types. Do these three human shapes represent that feature? Human shapes seem to be expressing unity and the victory. Does this logo represent the main idea of Proto Gold?
hello ProtoGold would you tell me what is the difference between proto, law and dore?
is a PROTO, LAW and DORE have a same supply?
what are your plans and mechanisms to maintain PROTO.GOLD still pricefull? do you have any plan to make PROTO.GOLDbecome digital transactions for any items, e-commerce or anything??
Your official charity partner is WAFUNIF, United Nations Alumni Support. Why did you select WAFUNIF organization as official Chartable partner? What is the speciality of them? Don’t you have an idea to collaborate with more charity partners in future? And I saw a news that WAPUNIF is going to embrace charitable blockchain technology through Proto Gold platform. Does this mean, Will WAFUNIF organization deal with the Charity funds by using Crypto currencies soon with your collaboration?
Greetings Proto Gold Fuel, reading a little about your project, I see that the presentation is very similar to what already exists in the DEFI ecosystem, but apart from having a charity fund, which is what differentiates your project from what is already known in the DEFI ecosystem, what is the main function of Proto Gold? Where do you reserve or save, part of the Proto Gold activity and how much is the part that is saved, is there a percentage of what is saved by the activity and for what would it be distributed? Would any part be used for the charity fund? Tell us about these points to better understand what differentiates it from many existing DEFI projects.
What would be my benefit as a community by saving in Proto Gold Fuel, what is the mechanism they use to motivate to stay on their platform, what is the vision and mission that they have together with the community? How important is it to Proto Gold, the user community? Explain about savings accounts, they will be totally de-centralized and how it differs from traditional savings accounts, will it be something innovative? Tell us about these functions of Proto Gold Fuel.
Your slogan is “By the People, For the People”. To make it real, you have deployed triple token Model named as $PROTO- Ecosystem Fuel, $LAW- Governance & $DORE- Quarterly Bonus. Why did you adopt triple model concept while you could use a single token model or dual token model? Don’t you think, that you could gain more exposure on $PROTO if you would use a single token model within Proto Gold ecosystem?Where Can we buy these tokens? Can you tell us more utilities of Triple token model in addition to preliminary purposes such as governance, Quarterly Bonus?
Law looks awesome
give us a brief about it