We are pleased to announce our next AMA on September 22nd 2021 at 05:00 PM UTC Time: Satoshi Club x Revest
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Revest Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Revest Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Revest
For more details:
Revest Website – revest.finance
Revest Telegram – @revestfinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Under this new protocol, fungible digital assets are deposited into a Revest smart contract in exchange for their non-fungible representation.this system seems to be an upgrade but how do you plan on maintaining the upgrowth of your project on the long run?
Ownership of the FNFT itself may be freely transferred at any point prior to the smart contract’s maturity date please how Long does it takes to for the Smart contract to mature in this platform?
Briefly discuss your market dynamics along side with how FNFT derives its value from the value of its underlying digital asset, Stating the price stability and how liquidity is been controlled?
Will there be any possibility to participate in Yield/collateral/staking mechanism with the locked tokens.
Reason is, investing/using Revest should also increase and improve the portfolio along with safe guarding the funds.
The idea of locking the funds to some time/price or other criteria is really great.
But the question is, will it possible to break the lock.
In case of value/time lock, let’s say, we lock an asset and the asset dumped by 50% and interest of portfolio, would like to sell the assets but the value/time didn’t met.
So security of assets and securing the portfolio is the key for any decentralized user.
Despite Rob Montgomery (CEO) and Louis Gagnon (CFO), your whole team remain anonymous. Is there a particular reason for this anonymity? Further, I noticed that some of your team members have qualifications such as began mining Ethereum in 2016, NFT enthusiast and collector and prominent crypto-marketer. Can these types be considered educational/professional qualifications that a team member should have? Why didn’t you provide their linked-in profiles to the community like many projects currently do? How do you assure the team is trustworthy?
Address Locked FNFTs(AL-FNFTs) appear to have countless possible use cases when you combine them with smart contract addresses,can you give some use cases that may apply on big smart contract protocols(aave,maker etc) using Revest protocol?
You have introduced a feature called “fractionalizability” which I am not familiar with. Describing the feaure, you have indicated that smart vaults can be split without effecting the lock. Can you please deeply explain this procedure? As users of Revest, what kind of bnefits do we get due to this feature? Further, what made you to introduce the aforesaid fractionalizability to Revest?
Are there any big cooperations to be announced soon after the launch? Can we expect any in the near future?If yes , can you provide any relevant info 😉 ?
You have three composable lock types, time lock, value lock and address lock. Could you please explain deeply about the features and the benefits of these seperate locks? Due to these lock types, what kind of advantages do Revest have? From the community’s side, how can they get benefits from these locks? Did you introduce this design after noticing any drawbacks of existing platforms with similar concept? Please explain the underlying reasons for choosing three lock types.
Revest allows you to lock fungible ERC-20 into non-fungible ERC-1155 and would allow the transfer of that locked value through existing markets such as OpenSea. That is exactly what Revest offers: 3 different types of padlocks to lock your ERC20 tokens in NFT. What are these 3 types of padlocks that Revest offers? What are the Advantages and Benefits offered by each of these locks? Differences between each of Revest’s padlocks?
Currently, in crypto, there is no way that an institutional investor, such as a DAO, can exit a position as an investor early in a project. That leads to situations where the institutional investor does not like the direction in which a project is headed, it just gets canceled. It hurts the investor and it hurts the project, as you will not get more resources from your investor. How does Revest facilitate and offer a solution to this problem? here enter the systems of acquired rights of coating? How do these systems work?
Revest will promote adoption through strategic relationships and partnerships, in its initial vertical. Are you in late-stage conversations with a variety of different people in the space who can deliver your product directly to early-stage projects? so I see this as a business-to-business system at first. Will you also offer kickbacks of fees to members who officially join you, to form long-term and mutually beneficial partnerships?
Alongside the news to announce this AMA session, there was parallel news announcing new AMAs in two other Satoshi communities! It is very exciting to have projects so interested in doing AMAs and clearing up any doubt their users might have about their platform. With this in mind, would you tell us what are some ways in which you reward your community, and ensure their voices are always heard? Decentralization is all crypto is about these days, so how does your team connect with their investors, and what are your decentralizing methods? Is your ownership renounced? Do you have a DAO in place?
Revest offers 3 composable lock types. As far as I understand, to withdraw assets from any FNFT the lock should be set to “unlock”. Then the assets can be exchanged. What happens with NFT? Will it be destroyed or remains “active”?
Under the revest docs there is something called “Directed output”, what is this going to be for?
Are there going to be any fees for extending the maturity of the Fnft, and will it be able to have it maturity extended by the creator after it is sent to another wallet?
Are their any plans for other chains like Polygon, Xdai, and Sora?
You mentioned that 99% of the fees that are generated by the Revest platform will be distributed to RVST token holders who stake their tokens into the Revest Protocol and those who stake their RVSTs into the Revest LPs. Where will the remaining 1% be distributed? And as for the users who stake their tokens into the Revest Protocol, how much is the minimum amount of tokens that we must have in stake in order to participate in the distribution of that 99%?
As part of Revest use cases you will make donations for Charity,but in your Tokenomics I noticed you didn’t allocate any % for Charity.So can you tell us the area of Charity will you want to make donations to?What is the % allocated for it?Will your community also have a say as regards to which Charity organizations you will make donations to?
The Value Locked FNFT (VL-FNFT)unlocks when the value of its underlying asset another asset specified at the time of creation.To gain an accurate Value measure of an asset you use an On-chain price Oracles.What is the essence of using oracles to measure Value and which Oracle are using to achieve that?How long will a customer hold VL-FNFT before he/she seeks to withdraw it?
Address Locked FNFT(AL-FNFT)allows cross-contract compatibility to developers who need to build some styles of token lock.Can you please elaborates more on that in simple terms?How long will a user need to unlock their AL-FNFT?You also said that the AL-FNFT will be unlocked through rich sequences of data aggregation,can you mention some of the rich sequences of data aggregation AL-FNFT will unlock?What is the function of Ethereum Virtual Machine (EVM) that is already deploy on Address Locked?
RVST, the token underpinning the Revest platform, offers holders incredible benefits! Among these benefits we can highlight that the holders receive discounts on fees based on the number of tokens held. They can also participate in the governance of the Revest Protocol. Will the number of tokens held by the user also be taken into account in governance? Will the user have more or less voting power based on the number of tokens they have?
Hello Revest team! I read that Revest liquidity providers and RVST holders will be given the opportunity to stake their tokens for a period of 1, 3, 6, or 12 months. What would happen in the hypothetical case that a user wants to unstake their tokens before that set time? Will there be any opportunity to do so? Will the user have to pay any additional fee to be able to unstake? Thank you.
You mentioned that you took some measurements to ensure that only those with a vested interest in Revest may take part in decision prioritization that may greatly affect the project’s future success. What are those measurements? Can you explain them to us? What are the requirements to be able to participate in the governance of the Revest ecosystem?
In your documents,I found out that Revest Finance have some an advance features which includes Extendable Maturity and Splitting. So,can you tell us more about this advance features in your platform? How does Extendable Maturity and Splitting work and will be implemented in your platform? How will be this two advance features become essential in your platform? What will be its pros and advantages towards Revest Finance? Thank you
I see that two of the real use-cases of Revest Finance are Inheritance, Endowments and Charitable Donations. So,can you explain more about this use cases of your platform and could you tell us how will you fund allocation for those use-cases? How will be those use-cases brings an impact in your platform? thank you
Revest Finance have developed a new protocol for the packaging, transfer and storage of ERC-20 / BEP-20 tokens as non-fungible tokenised financial instruments (FNFT’s). This stored/locked token will be traded in a new meta-layer of commerce… What is the mechanism for the packaging, transfer and storage of ERC-20 / BEP-20 tokens as FNFT’s? What are the uniqueness/advantages that this packaging, transfer and storage of ERC-20 / BEP-20 tokens as FNFT’s brings to the DeFi and NFT space? How would the new meta-layer of commerce created by Revest Finance Protocol work to ensure the locked tokens are traded without affecting the underlying assets?
Financial Non-Fungible Tokens (FNFT) is said to form the backbone of the Revest protocol and this new breed of non-fungible financial instruments may be bought, sold, and traded on any platform which supports the ERC-1155 standard. What is the reason why you choose the ERC-1155 standard? What benefits/advantages does this standard offer that makes Revest protocol to leverage and use it? What are your plans for integration with other Protocol/Network with low transaction fee like BSC?
From a careful study of your documents, Revest will allow the withdrawal of underlining assets of any FNFT type that is locked. To achieve this as stated, such FNFT asset, must be unlocked. Can you briefly explain how the Protocol conveniently unlocks these assets, and what asset variety can be exchanged for the FNFT after the unlocking process is carried out? Also, since the exchange of this FNFT results in the direct burning of the NFT contained therein, what happens to the financial asset left behind, and how is this NFT burning feature a viable approach for such transactions, who has access to the available assets after burning?
From the information made available on your social media channels as well as your blog posts, Revest is currently runs it’s much awaited Reservation Event. This event was officially launched yesterday September 21st, and would run till Friday September 24th. As this was an eagerly anticipated event by investors and community members alike, can you carefully elaborate on this, what are the benefits, processes and features if this event, and what is the minimum participatory requirement? Finally, as this event serves as a prelude to your official listing on Uniswap, how will it’s success, positively impact on your scheduled DEX offering?
Revest holds customer assets when they deposit in Revest and lock it, so Revest will become a prime target for hacker groups. In April 2020, Uniswap was also stolen nearly $1.4 million by hackers or most recently, VEE finance. So does Revest have any strong security to build customer trust?
FNFT is a financial method applying NFT, it is very new in crypto and blockchain. So does Revest make it difficult to use for newbies in crypto and blockchain? Is it suitable for newbies?
Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?
Greetings, Revest I see that it uses 3 types of padlocks, that proves to be a very safe and reliable system, but what are the characteristics and functions of the types of padlocks? What is the best recommendation to use Time Lock? I can only withdraw after it is unlocked? After placing a value in the Time Lock, how long must it take for it to be unlocked and the user can make the withdrawal? There is also the value lock and address lock, you can give us more details to better understand the padlocks and their characteristics and main functions on the platform.
Revest are planning to create an organization with funds, to make charitable donations at a global level, which would be the contribution of the communities in general in this charitable project. How important is the user community in your project? To give life to this social work, in which foundations the funds would be donated. How will we as a community have the opportunity to support and help in this work? you can give us more details.
How to start in Revest, from scratch, what is the minimum investment and from where can I deposit? Can smart vaults be distributed quickly and safely, what is the response capacity and what security system do they offer at the time of an emergency due to hacks or xploits? what is the usefulness of the token and the recommendation they give to give it the best use on the platform. can you explain a little more. Thank you
Привет, Revest, у меня вопрос: как вы планируете собирать средства на благотворительность? Возможно ли это с FNFT? Через какую функцию? Уже связаны с организацией? Есть ли у вас сейчас соавторы? Что это за организация? Какова миссия этой организации и как она использует собранные средства? вы можете дать нам более подробную информацию. Спасибо
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Hi Revest, my question is: how do you plan to fundraise for charities? Is it possible with FNFT? Through what function? Already associated with an organization? Do you have any collaborators at this time? What type of organization is it? What is the mission of this organization and what is its use of the funds raised? you can give us more details. Thanks