We are pleased to announce our next AMA on September 19th 2021 at 03:00 PM UTC Time: Satoshi Club x Defi11
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Defi11 Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Defi11 Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Defi11
For more details:
Defi11 Website – defieleven.com
Defi11 Telegram – @defi_11
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Glad to see you again, team DeFi11! The Satoshi Clubs community had an AMA with DeFi11 on May 21, 2021. After nearly 3 months, does DeFi11 have any other outstanding and new achievements? And what are the important plans of DeFi11 in the future? I read in Website: “we intend to provide best in class experience to every user”, what features does DeFi11 offer to give the best experience to every user?
DeFi11 is a defi powered gaming ecosystem for fantasy sports, NFT virtual world, Marketplace and P2P predictions. The entire platform runs as a chain agnostic solution with a decentralised mobile application with an in-built smart wallet. Our main motto with Defi 11 is to make gaming platform safe from Frauds and Lack of Transparency in Centralized Fantasy Sports Applications. How do you plan on accomplishing these as it seems to be the major problem facing blockchain technology gaming project?
How do the defi11 team plan on monetizing gaming value for players as well as stakers?
Further more Explain your features as it States: Here at Defi11, we pride ourselves in delivering rich and polished experiences that our userbase can enjoy and immerse themselves into. With these cutting edge features, we intend to provide best in class experience to every user.
Elaborate the cutting edge features also?
Have you done any Audit for this project as we all know audit is very important in every project?
Among all the benefits that the D11 token provides, there is one that caught my attention. Stated on your whitepaper, users that spent specific time daily in the game will be eligible for loyalty rewards which will be given in D11 tokens via airdrop. Your documents did not specify the exact time of the day where users will be eligible of this airdrop so I will use this moment to you ask you, what will be the exact and specific time within the day where users are incentivized with royalty rewards? Do they have to play the game within the time allotted or do they just have to be online?
I have learned that users can join a contest using either fiat or D11 tokens. Also, when a user entered a contest using the D11 tokens and then loses, he/she will still be given D11 tokens as a participation bonus. I want to clarify, if I entered a contest and used fiat as my payment, will I still be eligible of this consolation bonus? Does that works for both mode of entries or is it just for those who entered using your token D11?
I have read in whitepaper that conceptually, the D11 tokens were built to have similar structures of one of the biggest cryptocurrency, the Binance Coin or BNB. The token are used for settling fees and offers additional discounts to users. Given the fact that D11 token will mirror BNB features, will you also conduct and perform token destructions and burnings just like what Binance popularized and does every quarter to their tokens? What other features does your token inherits from BNB?
Your main motto with Defi 11 is to make gaming platform safe from Frauds and Lack of Transparency in Centralized Fantasy Sports Applications so what are the solutions that you provided with the Defi 11 for achieving the above motto? How do you maintain the reliability of the Defi 11?
Although I am curious about new projects and willing to invest in potential projects, I am not interested in gaming. Is your project confined to gamers? Don’t you try to grab the attention of non-crypto community? Please explain if you have passive income options such as holding, gaming and referral systems.
It caught my attention that 19,250,000 tokens, 7% of your total supply, has been allocated for a loyalty reward pool. What are the utilities of this allocation? How does your loyalty tier work? Can I be a loyalty member? I am asking because this seems to be a great passive income opportunity. Further, you have allocated 4% for future team members. Does this indicate that Defi11 is going to recruit new members to the team in the future? Can we apply now?
According to Defi 11,your specific feature is delivering rich and polished experiences that to your userbase so can you explain that what are the utilities that users get from you with your experience? What are the specifications of the NFT gaming of Defi 11 and how do you offer rewards and insensitives for your users? there are various types if DeFi platform in the internet so why should people want to select Defi 11? What are the unique features that you provide with defi 11 than other DeFi platforms?
I recently invested in a fresh project and it was a flop due to an issue of their revenue model. As a result, I lost all the funds. Therefore, I pay attention to the revenue model before investing in a project. It seems that your revenue model totally depends on the popularity of your project. There may be situations that you are not getting many advertisements and adequate deposits. Do you have a plan B to face that kind of issue? How do you run Defi11 without any interruptions? How do you assure that investors will not be affected by issues related to the revenue model?
D11 token is the unique gaming utility token so what are the use-cases of the D11 token and is it already listed in Coin Market Cap? What are the exchanges that you expect to list D11? What are the NFT games that you introduce with the defi11 and do you provide any guidelines of tutorials for each game? Do you have any idea for running the giveaway campaigns for attract newbies?
You said in your whitepaper that newly registered customers/gamedevelopers on the platform will have to stake a floating amount of tokens based on the fixed USD equivalence.My question is,Is KYC necessary for any user/developer before they can stake on your platform?What are the USD equivalence requirement customers/developers have to meet before they can unstake part of their token if the value appreciate?You said the token customers/developers will stake act as a guarantee of proper conduct and as an additional incentive token to provide them a freemium gaming experience.Can you please elaborate more on what you by mean by token stake will guarantee proper conduct and to provide a freemium gaming experience?
DeFi11 launches Olympics 2021 NFT collection on Vulcan Forged Marketplace,limited to ten Olympians.Auction started on 13th of September 2021 and it ended on the 18th of September.Since we all missed it,Can you tell why you did auction of the Olympian NFT?How did it go,can you share your experience with us?You also made mention of your whitelisting lottery tickets for your upcoming IDO to be launch on Polystarter.Can you tell us the day of your IDOW and what is the cost of each ticket?What are the procedures to participate in it,can you please share were interested users can get whitelisted? THANK
I read in your whitepaper that small % of tokens is going to be lost each year,Can you tell us what you mean by tokens will be lost each year?Is it the same as token burn?If it is not,in the future will you have the burning process? Thanks
What is the current scope of DeFi11 and how far does it plan to go, why did they decide to found the project based on Polygon and Ethereum, why not another that grants the same and lower and more acceptable rates by users and holders, which do you consider? Are the ethical standards that transmute greater transparency and security to the players?
Since your project logo resembles aliens, your project name made me curious. Is it in any way ties to the Area 51 rage that was famous a while back? If not, what is it about? What was the main idea behind this project? Did it start as a long-needed solution to DeFi gaming? Or did it start as a simple game concept?
Talking about Defi11 roadmap, we see a Token Exchange listing planned for Q3 2021. If you mean IDO please provide more info if the process is already closed, customers whitelisted and funds withdrawn. Do you plan an additional IDO for those who missed this one or is still analysing the project?
What motivated them to create a decentralized Fantasy Sports application, what are the protocols and security regulations to become a gaming platform safe from fraud and lack of transparency in centralized fantasy sports applications, comparing Defi11 with centralized platforms What are the improvements that you have implemented, tell us about your work team as a fundamental part for the development and evolution of the project?
Please share more details on Community expansion scheduled for Q3 2022, if by expansion you mean adding some other sports to your portfolio or adding new partners to your community (for ex. adding a betting companies such as Bwin, bet365, betway) that might have a huge impact on Defi11 popularisation amoung your target audience?
In the blockchain gaming world we see a serious problem of lack of innovation, most of the new launched projects are copies of those that have been successful in the past, can you tell us what ideas DeFi11 proposes to break the schemes that we already know in the gaming world ? What innovations will we see in your beta product?
I saw that one of your token D11 utilities is for predictions, also, you have recently announced a partnership with the great oracle Chainlink, could you tell us if you will integrate Chainlink’s services and technology with your predictions feature? What advantages will be taken from this partnership?
I read in your whitepaper that once we use the D11 token, we will receive a percentage discount for purchase or fee payment! This seems really interesting to me, it is a good way to incentivize all D11 token holders. How many D11 tokens must we have to receive these benefits? And can you tell us the exact amount of discount we will receive? Will the discount vary depending on the number of D11 tokens we own?
DeFi11 announced yesterday it’s partnership with Chainlink. Through this partnership DeFi11 would be integrating decentralized sports data feeds powered by Chainlink oracles to enable blockchain-based sports applications. What kind of sports data will Chainlink Oracle network provide for you? What type of blockchain-based sports applications will this sports data feeds enable in your platform? What are the reasons why you choose Chainlink for this partnership and the advantages it will bring to your ecosystem generally?
I read that some members of the DeFi 11 community can be chosen to receive loyalty rewards … what are the requirements to receive those rewards? How do we increase our chance of being chosen to receive them? What use cases do those loyalty rewards have within the DeFi 11 ecosystem? Can we exchange them for the D11 token or can we use them to buy game assets?
Since your last visit on May 21, it took almost 5 months before you conduct token sale even though your project has been running since then. Why did it take so long to conduct your token sale and why did you choose polystarter and PolkaFoundry’s RedKite to host your IDO? Since PolkaFoundry whitelisting will end today, when will polystarter whitelisting ends? How can I secure a whitelist spot on both platforms before it ends and how many whitelist winners are you expecting? What currency is needed for buying tokens and When will sale starts? At what price will $D11 be sold? Will bought tokens be sent directly to users wallet or are users expected to claim their tokens manually after a period?
From your whitepaper, you have said that instead of burning, $D11 will have a staking function which users must have to undergo upon registration. How many tokens are users expected to stake upon registration? Does it mean that staked tokens will be forever locked in order to keep them completely out of circulation? Why don’t you want to manually or automatically buy back some of your token and burn them? How effective is your staking design as it has to do with maintaining token deflationary status and is it going provide a better deflation strategy than burning?
Your total token supply is 275,000,000 $D11. Out of this, core team is allocated 19.45%, future team member is given 4%, early advisor 2% and value advisor 1%. Can you tell us the composition of these various team member categories and why you gave separate allocations to them? Who do you envisage to be drafted as future team and why is it necessary that you have a pending 4% of token reserve to them? Why can’t they share from the already high 19.45% of core team allocation? How are these tokens locked and what happen to some of these tokens if no future addition to team was made?
The DeFi11 team recently announced the IDO date for the launch on Polystarter! It will be on September 20! Why did you choose Polystarter for the IDO? Can we participate in this IDO from any country? Are there any rules to be able to participate? Is it a requirement to be registered in a whitelist? Will your IDO be carried out only on Polystarter or will you also carry out an IDO on another platform?
Defi11 has been able to build a large, strong and reputable partnership with projects, companies and firms. These partnerships spans from media, tech, finances as well as legal. As such alliances have credible implications for a project’s overall development, both short and long-term, how has these partners been of immense benefit to the DeFi11 project, how has the transfer of technology & manpower encouraged the creation and implementation of new products and improved services, and how has it positively impacted community numbers and general adoption and use of services?
I found out in your roadmap for 4th quarter of 2021 that you plan to launch a Virtual World Alpha and Staking Reward Programme. So,can you share an advance overview about this Virtual World Alpha? How will it be implemented in your platform? What is the main focus and purpose of launching a Virtual World Alpha in your platform? How can anyone participate this event?Does this program is just a short term event or a long-term event in Defi 11? You will also launch a Staking Reward Programme,so would you explain it’s mechanism and structure?How much would be the maximum APY you will offer to the market? What will be the great features of your Staking program to be able to compete with the other staking offer with other platforms or network? What is your long-term plan to make your Staking Reward Programme stay in the market consistently? Thank you
Defi11 will look to incorporate an NFT marketplace, Virtual World Alpha and Staking rewards programme in Q4 2021. As these products help to further improve the DeFi services of your project as offered, can you briefly talk about these products, what would be some of the proprietary features of your NFT marketplace, what sort of transactions and activities would be permitted in the Marketplace, also what are the features of your Virtual World Alpha, and can you give us a hint on your staking rewards programme, what are the benefits available to investors?
Defi11 runs as a chain agnostic decentralised mobile application with an in-built smart wallet. So,does Defi11 has already a mobile application? If yes,can you describe it’s features as a decentralised mobile application? How easy and user-friendly is this mobile application? Is this mobile app can be downloaded anywhere in the world without country restrictions? As your mobile application has an in-built smart wallet,can you tell us the great and unique attributes of this smart wallet? How it will function with in Defi11 app? Why it is called smart wallet? How secure and safety our funds in your in-built Smart wallet? Thank you
Your IDO will launch on 20th of September in REDKITE at 11 AM UTC & in PolyStarter, AscendEX, QUICKSWAP at 1.00 PM UTC respectively. Why did you focus on four launchpads to launch DeFi11 IDO? Will it be grabbed more users since you use four launchpads to host your IDO? In here, How will the whitelist process involve, Do users need to be whitelisted four times if he or she like to buy $D11 tokens from all the launchpads mentioned above? Can you tell me the process to be whitelisted, Is it still open to everyone? Most of platforms make the KYC as necessary event to participate in IDOs. Will you also consider KYC as a compulsory event? What are the other rules & regulations, you imposed in Participating of IDO event?
You have high class partners & investors such as Polygon, Sheesha Finance, ALPHABIT etc.. What about the bond between DeFi11 platform & Partners, Investors? Will they keep the trust on DeFi11 project? An agreement for the partnerships is formed on every new collaboration as I know. So What kind of things, Will your partners & investors expect from DeFi11 project? Conversely, How will they contribute to enhance the area of your ecosystem in crypto space?
In Q4-2021, You hope to open DeFi11 NFT marketplace. But DeFi11 is on the Beta version currently. So How will you launch your NFT marketplace before you go to the Mainnet live, Will it not be serious issue? Please give us a sneak peek about your upcoming NFT marketplace? Will this marketplace be opened for every artists to create new NFTs & Sell them? What are the incentives, you will offer to NFT artist on behalf of their services? Will you incur minting fees from third party artists? How will you evaluate the price of NFTs created by your team & third party artists? What kind of specialties, Will DeFi11 NFT marketplace be consisted rather than traditional NFT marketplace?
Presently, DeFi11 project has not a governance model & according to your roadmap, a governance token will be released in quarter 2 of 2022. I want to know, How will the governance token be behaved in DeFi ecosystem to expand the governance portal with higher user intentions? What will be the main requirements of DeFi11 community to participate in governance? Please let us know the path of getting the upcoming governance token in future, Should we hold some $D11 tokens to recieve the governance token?
Tell us about the link that has been created between Defi11 and Chainlink, what benefits or new functions this fusion brings to Defi11, among the achievements of Defi11 is the incorporation of its own wallet, which are the most reliable and proven sources of data information Of manipulations, especially considering the automated nature of the settlement of smart contracts, what have been the effects of Covid-19 in Defi11, I assume that the incorporation of participants has greatly increased, but in terms of competition, how has the pandemic affected?
The trend of NFT gaming projects is Play to Earn (P2E) model un these days. So does DeFi11 project also imitate the P2E concept to gain a exponential growth of NFT gaming in DeFi11 project? How will be the implementation of NFT gaming in DeFi11 project, Will the digital gaming assets be tradable within DeFi11 project itself? Plaese provide more information about the DeFi11 gaming NFT assets?
$D11 tokens are compatible with Polygon & Ethereum networks. What is the main cause that $D11 built compatible with Polygon & Ethereum chains initially? DeFi11 as a NFT gaming project, you should pay attention on binance smart chain also. When will you ascend the binance smart chain in to your NFT journey? Do you plan to make a cross chain interoperability to DeFi11 NFT marketplace?
Are there any specific projects yet, who want to make use of the NFT gaming marketplace you are going to provide?
And when will we see it launching in full functionality?
You mentioned in previous AMAs that the token is deflationary, what exactly are the deflation mechanisms in place?
What does DEFI11 stand for? How come you chose this name for your project?
Greetings Defi11, since there are many scams on the internet and it is better to be careful, I would like to know from their creators, in how many chains is your contract executed and what is the exact address? Can you supply it here, and explain a little more about the contract and the functions and benefits it offers? What is the ecosystem that DeFi11 offers and how does its platform run? Can you give us more details of these functions, Thank you
Defi11 has a mobile application, this application is in which system? it also brings the function of a built-in wallet, is there a web version for PC, of your wallet? How safe is your wallet, what is the security system offered to users and their assets at the time of an emergency or system failures, what is the response capacity? You can give us more details about the functionality of the application,