We are pleased to announce our next AMA on September 24th 2021 at 05:00 PM UTC Time: Satoshi Club x Timechain
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Timechain Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Timechain Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Timechain
For more details:
Timechain Website – timechain.com
Timechain Telegram – @TimechainOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello Timechain! As I’m also from Montreal, a customer of Royal Bank, and I see I can connect my banking account directly to Timechain application. Does it mean that the details of my banking account will now be available to see through Timechain? Or I can only access them in case I trade through Timechain?
Timechain proposes to take loans ignoring credit check verification process. Please provide more details on that. Is my financial institution somehow involved in this process? Or the loans are provided directly by Timechain? If second, then what is the rate of the loan offered? Merci!
In your IDO detail, you announced that participants who hold a certain amount of DIS in their BSC/ETH/FTM Wallet (one address subjected to KYC formalities) at the time of the snapshot (and bearing in mind that the necessary forms need to be completed beforehand), will qualify for certain benefits. The categories of tiers and amount of DIS to hold Include; Elite tiers(500 DIS), VIP tier(100 DIS), Holder tier(50 DIS), and Public tier(10 DIS). When is the snaptshot going to take place? What happens to the reward/benefit of an unclaimed spot? Will a holder still have the opportunity of claiming the reward/benefit anytime?
You said on your website that users should link their TimeChain Wallet to their Financial Institution and then you made mention of Banks in Canada.And I am just wondering,I am not from Canada and since my bank is not part of the financial institutions you mention,does that mean I can’t use TimeChain Wallet or is the linking of your wallet to banks only for users in Canada?Do you plan to add more financial institutions from different countries around the world like Asia,Africa etc?And to link TimeChain Wallet to banks,will users have to put in all their bank details on your wallet before they can access their bank account and how safe is it?
$TCS uses an AMM model instead of using order book reason being that it allows users to participate in the process of providing liquidity to the DeFi ecosystem and earn income.My question is,what is the amount of liquidity per token users need to supply to reduce the risk of slippage?How will liquidity provider earn passive income and how are they calculated?
You have indicated about two methods to purchase $TCS, transfer from a bank account and trade/buy on exchanges when available. Second option is clear to me. However, how can I transfer funds to your Timechain app from my local bank account? Do you accept any local currency? If yes, there is no issue. But it is impossible to accept all local currencies across the globe. Therefore, don’t you have any plans to introduce the debit/credit card option? Is there a reason, such as a security issue, to neglect that method? In addition to aforementioned buying options, will you introduce some alternative methods in the future?
On Monday 20th September 2021,the $TCS token will have an Allocation Mining Event with Launchpool.Can you tell us the activities that will be done in the event?What is the allocation size and price token for the event?Is the event open for everyone or is just for Launchpool community members?If it’s opened for everyone to participate,how can we then participate in it?Due to regulatory reasons,are there any countries that are restricted in participating in the Allocation Mining Event? Thanks
When I try to pre-register myself, it instructs me to opt in to pre-register and benefit from a 20$ Airdrop of $TCS. However, while introducing your mobile app, you have mentioned that users can get $20 in $TCS by being amongst the first 10,000 to download the mobile app. Does this mean that everyone won’t get a 20$ Airdrop through pre-registration? If yes, can we download the app earlier and get that $20 without pre-registration? To receive the airdrop, is pre-registration a must? I am hesitate to pre-register because it asks the email address and the telephone number. How do you assure that our details will not be leaked to a third party?
It caught my attention that we can link our Timechain Wallet to some financial institutions. This will be an extremely convenient option due to the current pandemic situation. However, when examining about available institutions, I noticed that they are based on Canada. Since Timechain is a global project, don’t you have an idea to collaborate with global institutions such as renowned banks? Have you initiated any plans in this regard? If yes, how is the progress? Are there any positive signs? As the members of Timechain community, can we suggest some of our local institutions? If yes, let us know the procedure. Thanks.
I noticed that Timechain let us link our wallet to our financial institutions. And it seems like all institutions listed were Canadian. Does this mean that your project will only be available to Canadians? Or are we able to use our wallets without connecting? How does it work?
Just recently, Timechain released four new whitelisted pairs to trade on it’s Fantom DEX aggregator. These pairs include; $SCREAM, $MIM, $BRUSH and $BADGER. Why have you chosen these pairs to trade on on your DEX? Will the returns from trading with these pairs be the same?
Last June, Binance faced a threat of regulatory sanctions by the Ontario Securities Commission or OSC in Canada, leading Binance to restrict their Canadian users from using its platform and services. On the other hand, I’ve learned that Timechain is a project that is based in Montreal, Canada. Have you established any financial regulation compliance with the authorities in your country? Do you have the proper licenses to provide crypto-related products and services within and outside of your country? Can you share with us your financial regulatory?
I see that Timechain has an upcoming fiat on-ramp service for its Canadian users. This will allow Timechain users to directly exchange their fiat currency into cryptocurrency. To fully implement this feature, one must partner with banks and financial institutions, so may I know, do you have partnered banks that can provide fiat services for your platform? Aside from the Canadian Dollar, what other fiat currencies will be featured on the Timechain app?
I saw on the latter part of your whitepaper that for its future developments, Timechain plans to integrate with other Layer 2 projects like Matic and connect with cross-chain specialized projects like Polkadot. How do you think would these integrations help Timechain’s ecosystem? Can you give us some details and update about these plans? Did you already start working on it?
I found that VirgoCX is available on mobile so you can trade on the go. Users will be able to navigate Timechain’s online price for BTC (or any other cryptocurrency) to USD and CAD to execute trades. How do you keep your platform safe for Investors and is your platform protected from hackers? And how do you manage if there is an attack on your platform, including the personal data of your platform users? Is your platform ready for this? Also what advantage does Timechain bring to customers over other competitors? Am I required to go through KYC before using your fiat money transfer solutions? How many Cryptocurrencies and Fiat does Timechain support?
I read that the Timechain app is coming soon! How exiting. You announced that we can get $20 in TCS tokens by being amongst the first 10,000 to download the mobile app. What will be the requirements to be able to withdraw those TCS tokens? Do we have to make a deposit first to be able to withdraw them? Do we need to do KYC to claim our tokens? Can we withdraw them as soon as we receive them or do they remain blocked for a certain time?
As far as I know, Timechain is headquartered in Canada and I understand that your project has been officially endorsed by the Canadian government. But Canada has a pretty tough policy on mining, will Canada’s ban affect you? Many projects promise a long-term plan, big mission, and great future success, but never release any active product or revenue. What makes your project different from these? Can you share some of your major achievements in 2021? What is your roadmap for 2021? What are the notable milestones we should expect in 2021?
Currently, the vast majority of projects are built with the sole purpose of accumulating assets for themselves. So, what is the value that you want to add to the crypto industry that will bring more richness to the industry? I know that no project can achieve meaningful results without some notable strategic partnerships and partnerships with companies that can propel the project forward. Can you share with us about your partners and partnership strategies that will drive Timechain to success and adoption in the future? Also how do you plan to spread awareness about your project in different African countries where English is not spoken well? Do you have a local community for them to better understand your project?
In your whitepaper you show a scheme of the TimechainSwap ecosystem where it says that you implement a gas reducer to achieve an Optimys Module, so could you tell us how are the rates on your platform and more specifically on the TimechainSwap? What is this gas reducer all about and how could it compare to other DEXes?
You currently offer many benefits for early adopters such as a $20 bonus in TCS for the first 10,000 who download your mobile app, can you tell us what use users could give to this initial gift? What options will be available when the app is launched for the first time? Will there be a beta mode?
Timechain is said to be a DEX aggregator built on the Fantom Network. Considering the fact that there are other popular and well established Network like BSC, Ethereum etc. What are the reasons why you choose to build on Fantom Network? What advantages/benefits does Fantom Network offer your ecosystem that makes you build on it? What are your future plans to integrate/build on BSC or Ethereum?
Routing Algorithm is a feature that generate optimized routes that can be used for token swaps and this routing algorithm is executed off chain. Currently Timechain deploys the A* search algorithm but are in the process of surveying and planning to migrate to the Dijkstra algorithm in the future. How does this Routing Algorithm work and what are it’s function/use in your ecosystem? Which advantage does this Routing Algorithm have over the conventional DEX Aggregators? Which new feature and advantage will the Dijkstra algorithm bring to your platform when you migrate to it in the future?
From available information on Timechain’s aggregator function, it is stated that TCS will help users seemlessly access better Swap prices with reduced gas fees by getting the best result from connected DEXs and DEX aggregators. Can you briefly explain how the Protocol will efficiently perform this task, and what DEXs and aggregators will Timechain source it’s price feeds from? Also, it is stated that Timechain will create a launchpad for projects and also launch a bridge model for easy token conversion within your supported chains of BSC, ETH and FTM. Can you briefly talk on these important features, when should we expect their full integration and use?
Timechain recently announced the release of it’s Swap UI on Fantom DEX aggregator. It is hoped that this new, intuitive and modular interface will help users experience better value and an improved Swap services from Timechain. Can you briefly talk on this wonderful integration, what will your new improved Fantom DEX aggregator offer users and investors, how did security, efficiency, intuition, and cheaper Swap fees affect your choice of Fantom’s aggregator integration, and are there plans for future aggregator integrations on other chains?
TimechainSwap IDO Platform will provides a robust and fair environment for IDOs to take place, with an interesting reward scheme for TCS holders. In addition to TCS IDO unique whitelisting method you went on to integrate Chainlink’s VRF (Verifiable Random Function). What are the uniqueness that your IDO platform offer? What are the importance of integrating Chainlink’s VRF and how will it impact your launchpad? Lastly what is the difference between Coin-Age Processing Model and Multi-Level Offering System and what opportunities do they offer for IDO participants?
I have seen that you have a lot of partnership with Canadian Banking institutions and you planned to released a mobile app that will offer FIAT on ramp for Canadians. Users are somehow apprehensive about the uncertainty that may arise due to increased regulation scrutiny on Binance or other exchanges. How are you going to overcome Orwelian regulations or other legal framework that may arise when you allow FIAT deposit directly to Fantom MainNet? How will users connect their local bank to your app? What requirements will be needed to do this and will this option be limited to only Canadians?
Timechain plans to create a cross-chain bridge that will enable users to move assets across different networks. Will this bridge only allow asset movement between Fantom, BSC and Ethereum as it is currently or will you be able support many tokens and other network? Also, you said you will have a special gas reduction module that will allow cross-chain drige transaction to be reduced for all $TCS holder. How does bridge module functionality work? How will users use this option to reduce fees when moving across expensive network? And lastly, you said you will revert bridge request when transactions fail to reach destination network after two attempt. What could cause this type of failure and will the revert include a full refund of all the asset involved?
You have plan to create your own IDO launchpad and I read that you initially developed your own unique whitelisting method but later decided to abandon it. Why did you abandon it? Which fair and unbiased whitelisting procedure will your IDO use? What is on-chain RNG and how is it used to cut market manipulation or create a fair and decentralized platform that can transparently distribute newly launched tokens?
AUDIT play an IMPORTANT role in enhancing the stability of any PROJECT. Do you have AUDIT CERTIFICATES . Or are you working to AUDIT your project to make it more secure and reliable?
As you stated in your website that you have to get notified minutes before your app launches by being one of the first 10,000 fully registered users. So,can you tell us what are the bonuses or privileges awaits for your first 10,000 fully registered users? What are the advantages to be part of first 10,000 fully registered users in your incoming application?How to register in your app? Can you share some link? As you launches your mobile application,can you share to us in advance the great features and highlight of your Timechain application? Is this mobile app will be available in both Android and iOS devices? Thank you
TCS was created by Timechain, to serve as its utility token for discounted trading fees, issued as an Opera token. So,why does $TCS is issued as an Opera Token? Can you explain more about how does $TCS become an Opera Token? As an Opera Token,what advantages it brings to your network and to the users? As this token can be utilized for discounted trading fees, can you explain to us how can we earn discounted trading fees through $TCS token? What is the rate of discount in trading fee in your platform transaction? Thank you
What are the most common and irreparable risks that crypto users can commit when carrying out their operations and transactions in the wallet? What kind of problems can TimeChain solve?
Why did you decide to start with the Fantom chain (FTM) and then expand to BSC and Ethereum, what can you tell us about the launch of the new TimechainSwap user interface, what are your expectations about its implementation, what are the scenarios in which TimeChain can it function widely and what are the points where it still has certain weaknesses?
Why does TimeChain propose to take out loans ignoring the credit verification process, is it possible to connect existing Canadian internal bank accounts with the TimeChain wallet and data?
I visited the DEX of Timechain Platform but I couldn’t Connect my Wallet since it allows only On Fantom network. When will you add BSC & Ethereum networks in to Timechain DEX? How about the transaction fee system in Your DEX? How many Currencies will it be supportable? Will it support all the currencies that are available in Pancakeswap & Uniswap? Also please tell about the security condition of Timechain DEX?
Your slogan is “Time is your most valuable currency” & this slogan is strictly suitable for traders. What kind of trading tools will you integrate to the Timechain app? Will there be the trading functionalities such as Candlestick Charts, Depth charts, drawing tools etc. In order to derive a real time prediction by technical analysing? Will you provide indicators & marketing crypto articles for the traders to gain more profit without any doubt? How much do you hope to incur as a trading fee for worth of a $1000 trade? What will be the minimum amount of trading within Timechain Trading interface? For example minimum trading amount of Binance is 10$.
There are two ways to buy $TCS tokens as you have mentioned in your website. One method is that We can Buy $TCS with a transfer directly from our bank account on the upcoming Timechain app. In here, What will be the banks that your app will support to Buy $TCS tokens? Will this method be available in globally, I mean Will the users who are in Asian countries be able to use the Bank Debit Cards & Credit Cards to Buy $TCS tokens? How will be the security system of this buying method since more attackers are looking for loop holes to steal our sensitive data? So the second method is, Users can buy $TCS tokens after listing on exchanges. Which exchanges do you select to list $TCS as soon as possible? Please also give a sneak peek about the exchanges that you are up to list $TCS in future?
Cryptoworth, VirgoCX, MaRS, Mercure Conseil & RevTech Labs are the contributors of Timechain project. Could you provide more details on them? In what way do they Contribute & What are the benefits for both of you through these collaborations? What is your main contributor among those mentioned above? Do you communicate with them per every day to keep the bond between the Timechain & contributors?
Users can link their Timechain wallet some financial institutions to do transaction via TCS tokens. Can you share the list of financial institutions, currently you have compromised with? Will there be a high transaction fee when we do some transaction with those financial institutions? For TCS token holders, Are there any privileges through the linking the Timechain wallet to financial institutions?
It’s easy to make a token but it’s really hard to make this token valuable? So what’s your startegy to make your token more valuable and what’s your plan to maintain token price and supply?
Is your platform suitable for Crypto beginners? Or does it only appeal to professional users?
Amazing project