Month: September 2021

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 Phantom and our guests were @PhantomMr – representatives of Phantom. The AMA took place on the 5th of September.

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 Phantom! Welcome to Satoshi Club😀

Our guest today is @PhantomMr 🚀

Mr Phantom:
🥳

Mary | Satoshi Club:
Welcome to Satoshi Club 😀

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

Mr Phantom:
Great!

It’s good to be here!

Mary | Satoshi Club:
And we also to see you here today! 😀

Let’s start our AMA 🚀

Could you please introduce yourself and tell us more about Phantom 😀

Mr Phantom:
Sounds good!

Hi all, I am Mr. Phantom, one of the founding members of the Phantom protocol.

I am a veteran in the crypto industry, having been through ups and downs in the industry since 2015. I came from a development and finance background and had worked on various projects including public chains, privacy tokens, cross-border payments, DeFi, NFT and now synthetic assets.

Mary | Satoshi Club:
Oh, so if i am also here from 2015 i am veteran 😂 feeling a bit old😂

Mr Phantom:
The reason that attracted me to create Phantom is that the hope to provide everyone with the chance to access the most profitable and interesting financial instruments out there in the market, be it derivatives, stocks or commodities. Additionally, I had been a collector of NFTs and early engagers on NFT gaming, and it has been my dream to combine defi and NFT together. So now you have Phantom. And I want to tell you more about it today.

Done 🙂

Oh sorry.

Also about Phantom 🙂

Just saw that part 😛

So Phantom is a cross-chain synthetic asset issuance protocol that enables all DeFi users to participate in multi-market investment in a decentralized manner. Using the Phantom protocol, users can create synthetic assets (pAssets) with collateral on Ethereum, BSC, Conflux, and Heco for exchange or liquidity mining.

pAssets track the price movements of the various physical world or on-chain assets, such as stocks, gold & silver, cryptocurrencies, NFT, etc, allowing investors to trade multi-market assets on a single platform, eliminating the cost and risk of asset transfers.

Phantom’s Conflux mainnet passed code audit by CertiK and was released on August 2, 2021, with a first-day TVL of more than 5 million USD. Its Genesis NFT release was also sold out in 14 minutes.

Ok, now i’m done for sure 🙂 @madamlobster

Andrés M. | Satoshi Club:
Why do you consider synthetic assets are so profitable?

Mary | Satoshi Club:
How long did you work on Phantom before it was launched? Who developed it? I mean – who are in your team😀

Mr Phantom:
We’ve been working on the project for about 8+ months before it was launched. The team is very diverse.

Mary | Satoshi Club:
As i know yes, but we will let Mr.Phantom confirm this😀

Mr Phantom:
They consist of members from US, Singapore, HK and Vietnam

Andrés M. | Satoshi Club:
Yes, a hot topic in the market.

Mary | Satoshi Club:
Are you public or anonymous?

Mr Phantom:
We are actually all veterans of the industry, and our combined experiences include project development, investment, and in areas of DeFi, Public Chains, and privacy tokens. Our members; backgrounds are primarily in finance and technology.

We are mostly anonymous, we tend to call each other Phantom 1 Phantom 2, or sometimes Mr. Phantom, like me :)\

Mary | Satoshi Club:
And how many Phantoms currently exist?😂

Mr Phantom:
We have about 10 team members currently, half in development and half in community and business.

Mary | Satoshi Club:
Quite big team 😉

Mr Phantom:
☺️

Mary | Satoshi Club:
Thank you for your intro, mr.Phantom! We choose 6 questions from our community for the first part of our AMA 😀

Are you ready to answer them?🚀

Mr Phantom:
Sure~

Let’s go

Q1 from Telegram User @UplineStephen
Phantom is also launching a Genesis NFT pool where users can join Phantom Mainet Mining Launchpool and mined a minimum of 30,000 $PHM to receive a reward in the form of 200$PHMP token, which is said to be distributed automatically to all participants wallets. May I ask which token is this $PHMP? What is it usecase, and how does it contribute to the growth of Phantom project in addition to the main token which the $PHM?

Mr Phantom:
Glad to~

Mary | Satoshi Club:
Two tokens?😀 Interesting

Mr Phantom:
Hi, great question! this is a very good usecase.

So let me clarify first!

Phantom has one main token and that is the PHM. we will have IDOs and IEOs in the next several days and its for the PHM!

Andrés M. | Satoshi Club:
What are the utilities of each token?

Mr Phantom:
So PHMP was only for a very specific usecase scenario: for buying Genesis NFTs during the launchpool mining campaign in August. During this period, Phantom Protocol offered a few NFTs that lets users get bonus rewards on the PHMs they mined, and these NFTs can only be purchased through a special token called PHMP, which was given to users who mined more than 30000 PHMs during the period.

Mary | Satoshi Club:
Could you give us more about upcoming IDOs😀 how and where users can participate

Mr Phantom:
So in summary:

1. PHM is the main token of the Phantom Protocol
2. PHMP is a special kind of token for a special occasion during August of 2021 🙂

Certainly

Tomorrow we will host IDO on Pentalaunch and Bounce:

https://phantomdefi.medium.com/phantom-announces-phm-auction-on-pentalaunch-5c54525038b7

https://phantomdefi.medium.com/phantom-protocol-announces-ido-on-bounce-certified-c6202bbdccea

The IDOs are very attractive, with 0.005 U and no lockups.

(similar pricing to private placement, except private placement, has lock-ups 🙂 )

Andrés M. | Satoshi Club:
How is the mining process? What’s needed?

Mr Phantom:
Then on 9/7 we will have IDOs on Westarter and DODO

Mary | Satoshi Club:
Yes, I went through and it seems easy to participate 😀

Mr Phantom:
And on 9/8 we will have our IEO on Gate and MXC

For details on these, follow our Twitter to find the quickest update: https://twitter.com/PhantomDefi

Mary | Satoshi Club:
Six🤓 i see that you want to give a chance for everyone

Mr Phantom:
Definitely~

Mary | Satoshi Club:
Btw, as i understand mining process already fonished? Am i right?

Mr Phantom:
This mining campaign actually has ended, but you can find all the details on our medium blog: https://phantomdefi.medium.com/

🥳

Andrés M. | Satoshi Club:
Thanks for clarifying it.

Mary | Satoshi Club:
Thank you for your answers, mr. Phantom! Ready to proceed?🚀

Mr Phantom:
Yep

Q2 from Telegram User @ItsMelissa3
There is something that caught my attention and makes me very curious. A few days ago the Phantom team announced that, starting on September 6th, the Phantom Protocol will kick-off public token offering. The campaign will take place in a total of 7 major public platforms, which include 5 Initial Decentralized Offerings (IDO) and 2 Initial Exchange Offerings (IEO). Why did you decide to launch the token on 7 major platforms? Will the token allocation for each platform be the same? Will any of those 7 platforms have greater benefits than another? For example … even if two users buy the Phantom token on two different platforms, will both have the same benefits?

Mr Phantom:
Ready

That’s quite a lot of question marks lol. let me answer them one by one.

Mary | Satoshi Club:
Sure, take your time 😀

Mr Phantom:

1. We want to have the token offering through a distributed fashion and have as many people from all platforms to participate, so we picked several different platforms

The token allocation for each platform are mostly in the same range ranging from 50k – 100k, so you if you didn’t get your IDO spot in one platform, don’t worry, there’s another one to go 🙂

Most importantly, the prices and lockup terms on ALL platforms are the same: 0.005 u and NO LOCKUP

So feel free to look around, they are very balanced 🙂

https://phantomdefi.medium.com/phantom-announces-phm-auction-on-pentalaunch-5c54525038b7

Once again, this is the first one tomorrow

And that you can join our tele to keep tab of the most recent one

https://t.me/PhantomProtocol

All set 🙂

Mary | Satoshi Club:
Satoshiclubbers 🚀 you have a chance 👍 actually a lot of chances

Mr Phantom:
But be sure to check quickly as most of them are first come first served.

Mary | Satoshi Club:
Btw, did you have any private sales?

Mr Phantom:
Yes we did.

Andrés M. | Satoshi Club:
Is still time to be whitelisted?

Mr Phantom:
Yep, Bounce is still available: https://phantomdefi.medium.com/phantom-protocol-announces-ido-on-bounce-certified-c6202bbdccea

Mary | Satoshi Club:
How much was collected? Do that tokens have lock up period?

Andrés M. | Satoshi Club:
Let’s join Satoshiclubbers, last call🥳

Mr Phantom:
Yes, almost 3 million. The tokens have a 20% initial release, and then 12 month vesting period. Team tokens are locked up for 1 year then 24-month vesting.

Mary | Satoshi Club:
Gotcha! Standart practice 👍

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

Mr Phantom:
Also this whitelist opportunity in this article gives you the biggest allocation, try it out here: https://phantomdefi.medium.com/phantom-protocol-to-launch-public-token-offering-on-7-major-platforms-with-whitelist-airdrop-925d3d492fbe

Yep~

Let’s go.

Q3 from Telegram User @ambbobb
Phantom support multi-market synthetic assets expands from crypto to traditional markets like gold and stocks. Phantom itself also exclusively create a type of synthetic asset called pNFTs which are also anchored in the value of real world assets. It was stated that pNFTs can be further used to mint liquid, tradable pNFT tokens. I want to know how many functionality does pNFT possesses in your project? And apart from normal trading, can pNFT tokens be reverse back to pNFT to exchange for the corresponding actual asset when they collected and burned altogether?

Mr Phantom:
Great question. let me explain

pNFTs are fractional tokens of NFTs that can be collateralized on the Phantom platform. So in essence, it allows you to trade on a popular NFT with lower prices and therefore more chances to profit

The pNFT mechanism can actually be adapted to traditional assets as well so for a large piece of asset you can dice it up into pieces to be traded on the Phantom platform, and each piece’s price movement is directly related to the overall price expectation of the asset.

Yes, pNFTs do have a chance to be “reversed” back – if all of them are collected and burned they can be used to get the actual asset behind it.

Mary | Satoshi Club:
So, using this i will be able to buy, let’s say a fraction of EtherRock?😀

Mr Phantom:
So in essence, if you buy all of the pieces, you get the whole 🙂

Yeeeeeeeeeeeeeeeeeep

Mr Phantom:
Exactly!

Andrés M. | Satoshi Club:
Interesting concept😃

Mary | Satoshi Club:
I was always interested in the process behind fractionalization 😀

Mr Phantom:
😃 it’s the future of the DeFi+NFT evolution

I believe

Mary | Satoshi Club:
Does it mean that before a fraction of some NFT appears on the market this market buys it? And sell fractions after?

Or how it works 😃

Andrés M. | Satoshi Club:
Is highly profitable, allowing everyone to be part 😁

Mr Phantom:
It can happen. Initially the faction pieces are traded within the Phantom ecosystem and gradually opened up with other platforms i believe.

Yep, you get another chance to profit on the NFT even if you don’t own it. NFT-derivitive.

Andrés M. | Satoshi Club:
👏

Mary | Satoshi Club:
As i know we already have some markets where we can buy NFT fractions. Is it possible or may be will be possible in the future that i will buy a fraction on one market and sell on another if it has better price😃

Mr Phantom:
Yes! that is our expectation. This creates an extremely exciting new market

Just like what you have with the derivatives market.

Mary | Satoshi Club:
Then the future is bright 🤩

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

Andrés M. | Satoshi Club:
Yes, very innovative advance😁, like the Satoshi and Bitcoin

Mr Phantom:
Let’s do it 🙂

Q4 from Telegram user @Josegamboac
Even with advancements in security protocol, the rise of third-party code audits, and the maturation of the crypto space in general, we are still witnessing the loss of millions of funds through hacking, smart contract errors, and theft. As of 2021, approximately $ 300 million in assets have been looted from DeFi platforms. What are the security protocols used by Phantom protocol to make its platform 100% secure? Has your smart contract already been audited? Should we trust phantom as a secure platform?

Mr Phantom:
Several things:

We go through audits for our codes. The phantom smart contract has been audited by Certik, and you can find the link on our site

We have a dedicated force committed on enhancing the security of the protocol, and they have been continuously developing the protocol and making it better

Mary | Satoshi Club:
Did you ever think about insurance? May be CertikShield?

Mr Phantom:

1. finally, we engage with the community to get our codes better. during the Testnet phase, we offered over 200 participants prizes for bug hunting. We cherish our community and their help in making Phantom better.

Mr Phantom:
Yep it’s in the consideration as one of the solutions.

Andrés M. | Satoshi Club:
You told that your mainnet was audited by Certik, what kind of problems did you find?

Mr Phantom:
Great question.

We have a few findings on the front end level of the protocol, but the essence is strong. The details can be found here on the audit report: https://www.certik.org/projects/phantom

Andrés M. | Satoshi Club:
So everything is SAFU right now?😁

Mr Phantom:
Hahaha, I believe in that

Although our security guys tell me to constantly be aware and upgrade.

Andrés M. | Satoshi Club:
Thanks for your answers, let’s proceed with the next question!😃

Q5 from Telegram user @Jonahapagu
It is stated that Phantom will take a basket of stable coins as collateral to generate synthetic assets which can be linked to real world assets, and after some time it will then introduce more high-quality tokens as collateral…So what stable coins does phantom currently take as collateral, what types of High-Quality tokens do you intend to introduce as collaterals in the future..how will users be able to use these collaterals in the creation of synthetic assets and link them to real world assets, how are these synthetic assets linked to real world assets, is there a mechanism that ties this assets to their real world equivalents, and is it all types of real world assets that can be mimicked in the creation of synthetic asset using phantom or is there a limit or restriction to what real world assets can be linked in Phantom..

Mr Phantom:
Whoa 🙂

Ok let me answer them

Right now USDT and their equivalents on the chain that the Phantom Protocol is based on (for example, cUSDT).

In the future as we expand to other platforms there will be BUSD, USDC and others.

High-quality tokens refer to crypto assets that have an established history of market performance, liquidity, and product evolution. This of course includes BTC, ETH, and other major altcoins

Additionally, we look at latest ones that are promising and consider to add them into our basket.

The link between traditional assets and Phantom assets is price. Basically the price of the traditional assets are anchored in the synthetic asset built on Phantom

Thereby users get a chance to profit on the price changes of said traditional assets.

Finally, we want to say that any asset with a transparent pricing has a chance to be synthetized on Phantom Protocol.

Andrés M. | Satoshi Club:
Could you tell us more about the stocks and prediction segment? What stocks can be found there? Tesla, Amazon?

Mary | Satoshi Club:
Do you interact with your community? Can they make their proposals? If yes, how?

Mr Phantom:
We plan to have major blue chips on the platform. However currently with the market regulation this may take a while and we are likely to have the commodities to be adopted first 🙂

Everyday and all the time. Currently users can proposal through community engagement with CMs

Or email us

We have a team of CMs in the community (you might not see us lol)

Mary | Satoshi Club:
Awesome 😎👍

Mr Phantom:
But we are always looking and collecting

Mary | Satoshi Club:
Community is fuel for every project 🚀

Andrés M. | Satoshi Club:
We will be waiting excitedly for that😁

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

Andrés M. | Satoshi Club:
🥳🥳

Mr Phantom:
Let’s go.

Q6 from Telegram user @Asela1112
Currently BSC $PHM Finance is on Testnet version. When will you go for Phantom Mainnet? I think, the functions like Farming is not working properly, because I try to connect Trust wallet of mine & It said: “the chain is not supported “. Why is that? Are there any security issues on your test net? Can you recommend that the PHM testnet has adequate security to use?

Mr Phantom:
Yes, the Testnet is definitely a place for testing and finding new things.

And definitely, bugs and problems can be found.

Currently, the Trust wallet issue is likely due to its’ not on the chain that we are currently adopted to.

It should be resolved in the future and we are fully adopted 🙂

And the problem is noted for sure.

Mary | Satoshi Club:
Only he who does nothing is not mistaken😃

But we can test using Metamask?

Mr Phantom:
Lol

Mary | Satoshi Club:
😉

Mr Phantom:
Yep you definitely can.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Ratash97
How does phantom protocol provide cross-chain compatibility?

Mr Phantom:
We adapt to multiple chains including BSC eth and conflux. The main chains will likely all get our supports 🙂

Q2 from Telegram user @Rissky778
Where does the project name come from? What does it mean for you and why did you choose that name for your project?

Mr Phantom:
Phantom feels fast and anonymous 🙂

Q3 from Telegram user @Asat94
Where can we learn more about it? links tutorials, youtube?

Mr Phantom:
Oh yes, check out our medium, this place has the most information about everything Phantom: https://phantomdefi.medium.com/

Q4 from Telegram user @Rakshitx5
You have written on your website that Phantom is looking to combine Esports too. So what kind of integration it will be? Will you release blockchain games or anything else?

Mr Phantom:

1. NFT snapshot offerings in terms of collectibles and trading cards
2. NFT gamefi applications
3. NFT character cards 🙂

Q5 from Telegram user @Nonerlike
Can I still particiate in your testnet and report bugs if found? ang reward for bug finder or any bug bounty programme available?

Mr Phantom:
The previous one has ended, but stay tuned for our upcoming one!

Q6 from Telegram user @Ellen09
Could it be an unbelievable development for Earth that you will make the most noise in 2021?

Mr Phantom:
Lol we certainly hope so.

Q7 from Telegram user @Nonerlike
What are the stable coins Phantom will take as collateral to generate synthetic assets? Can you name some major crypto currencies and Quality tokens too?

Mr Phantom:
USDT, BTC, ETH. Other quality tokens to be announced soon.

Q8 from Telegram user @Saif12123
Sir💖””Will this Coin users be able to exchange tokens freely without the need for a KYC??””🦎

Mr Phantom:
Yes.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Phantom. 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
Phantom Telegram community: https://t.me/PhantomProtocol
Twitter: https://twitter.com/PhantomDefi
Website: https://phm.finance

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 Cyclos and our guests were @Danitoto @secretshardul. The AMA took place on 5 September

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 Cyclos!  Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club: Today our guests are @Danitoto @secretshardul

Daniel: Thanks!

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, guys

Daniel: glad to be here

Mary | Satoshi Club: Welcome to Satoshi Club 👏

How’s going?😉

Gold Rocket | Satoshi Club: Nice to e-meet you 😊

Shardul | Cyclos (will not DM): Hello everyone 🤩

Mary | Satoshi Club: So, let’s start 🚀

Welcome here 👍

Gold Rocket | Satoshi Club: Nice to e-meet you at Satoshi Club😊

Let’s start! Introduce yourself please. How did you get to be involved in crypto & Cyclos

Tell us please about your position in  Cyclos

Daniel: Sure. Our team was founded in May 2021 when my co-founder (Shardul) and I were introduced by a mutual acquaintance in the space. Shardul was going from hackathon to hackathon making very cool web3 apps and I was with Binance Research at the time. We had an ongoing discussion between the two of us on where defi is heading and ways we could innovate the existing landscape.

Personally, previous to Cyclos, I spent two years with Binance Research. While I obviously can’t get into the specifics, our team handled project related matters. The knowledge I gained from those two years working with some of the best projects in the space is what I’m applying to Cyclos.

Mary | Satoshi Club: Also, tell our community what is Cyclos and it’s goals😃

Gold Rocket | Satoshi Club: you are very passionate about crypto guys 😍

Mary | Satoshi Club: Oh, i can only imagine which experience you got there😃

Gold Rocket | Satoshi Club: Give us a brief introduction to the project. What is the essence of Cyclos

Shardul | Cyclos (will not DM): Cyclos is a Uniswap v3 style concentrated liquidity market maker on Solana. Our unique proposition is that we make liquidity on Serum, benefiting from ecosystem wide liquidity and order flow. In the case of Uniswap, their liquidity is siloed

Gold Rocket | Satoshi Club: this is really a very unique solution👏

Btw we would like to know more about your team. Who is on the project team core?

Daniel: Myself and Shardul make up the project team core (we are the two founders). We have 3 other team members at the moment- 2 other devs and 1 bd/marketing person. I explained a bit about our backgrounds above.

Mary | Satoshi Club: Is Serum your partner?

Daniel: Serum has assisted us along the way and we work closely with them

Gold Rocket | Satoshi Club: Is your team anonymous? If so, do you plan to step out of the shadows one day? 😉

Mary | Satoshi Club: Not so big team, but you make big things! And i believe you can do much more!

Gold Rocket | Satoshi Club: This is a great partner, you’re in luck.😊

Shardul | Cyclos (will not DM): Our team is public and fully transparent, you can check our names and pics

Mary | Satoshi Club: Rare thing nowadays 😃

Gold Rocket | Satoshi Club: Thanks for your answer. this adds the user trust to the project

Q1 from Telegram User @DK177

Your IDO is tomorrow! Congratulations. However, I found this announcement while researching for this AMA. Hope I am not too late. Can I still apply to get whitelisted? What I can do to increase the chances of winning a slot in the IDO? Please let me know the minimum and maximum USDC amounts allocated for a single wallet. In case I miss your IDO, what is the next event of your token sale?

Shardul | Cyclos (will not DM): In case you miss the IDO, we have a second public sale event on Gate.io starting at 4AM UTC on September 9th. If you would like to insure you have a shot at participating in the IEO on Gate, pleae read this link for more detailed instructions: https://www.gate.io/en/article/22293/?ch=en_sm_0921

Mary | Satoshi Club: But you will have one tomorrow? Is this right?

Shardul | Cyclos (will not DM): Yup, that’s the IDO

Mary | Satoshi Club: Where will it take place?

Shardul | Cyclos (will not DM): IDO- Solanium

ICO- Gate.io

Mary | Satoshi Club: How many people apply for whitelist for the first?😃 I know that Solana projects are on fire now

Daniel: we’re not sure as that is information only available to Solanium

but it’s near 100,000

Gold Rocket | Satoshi Club: Sounds good

Shardul | Cyclos (will not DM): Well, we have 126,444 people following Cyclos on Solanium

Mary | Satoshi Club: Crazy numbers 😂

Shardul | Cyclos (will not DM): https://www.solanium.io/project/cyclos/

Mary | Satoshi Club: It won’t be easy to buy😃

Daniel: that’s why we are doing a dual IEO/IDO

Mary | Satoshi Club: But Satoshiclubbers still have chance to join Gate.io ICO😃

Q2 from Telegram user @Emnking

Cyclos as a concentrated liquidity market maker is built on Solana. How is Cyclos different from other liquidity makers on Solana like Bonfida and Raydium. These platforms distribute liquidity by spreading each liquidity providers capital from the price of 0, similar to the same way Uniswap v2 does. Is Cyclos different from these platforms and what are the ways Cyclos try to be the best among competitors in this circle?

Shardul | Cyclos (will not DM): The main differentiator is how Cyclos positions liquidity versus how Raydium and Bonfida position liquidity. To put it simply, as referenced in the question, Raydium and Bonfida distribute each LP’s liquidity across a very thin price curve starting from 0 up toward infinity. This means the actual amount of LP assets which are actively earning LP rewards is negligible. This is especially counterproductive for assets like stablecoins which tend to remain within very narrow price margins. With Cyclos, each LP chooses the price range at which they want their liquidity to be positioned, allowing for a much greater percentage of their liquidity to be utilized for trading as the price moves within the LP’s selected range. This option is superior not only for increasing the rewards LPs receive, but it also allows traders to execute larger orders with less slippage.

Mary | Satoshi Club: Did someone ever try to implement such system?

Shardul | Cyclos (will not DM): Not yet. Even if someone does, we have the first mover advantage for concentrated liquidity

Mary | Satoshi Club: Is your AMM working now?

Shardul | Cyclos (will not DM): Our swap is functional, and you can try it out now on https://app.cyclos.io. In the meanwhile we are getting the liquidity zone ready, and building cool features like price charts for traders

Mary | Satoshi Club: It’s cool, you will be first who i will try on Solana😃

Q3 from Telegram user @Jmagsss

Based on your documents, Cyclos allows liquidity providers to select the exact price ranges at which their liquidity is active. What if there is an event of massive price fluctuations and volatility in the market and the current price of a token that time does not match any of the Liquidity Providers’ desired price range, does that mean there won’t be any liquidity available since all of the LP is inactive? Does Cyclos fills up the gap of any unwanted price range and provide liquidity itself?

Shardul | Cyclos (will not DM): No, because

a. We are providing liquidity on Serum’s orderbooks, which have multiple sources of liquidity, or “ecosystem wide” liquidity as it is called.

b. even on uniswap v3, the data has shown LPs position liquidity at multiple ranges to take advantage of price swings and profit.

Mary | Satoshi Club: What are your users feedbacks? Are they feeling comfortable with current system? Users usually vote with money, so, how about volume on your platform?

Daniel: Well, we are working on new features as Shardul mentioned, for a better user experience. I would say we have not been actively promoting the swap until recently, because there were still minor tweaks being made. However, since early on we’ve had a lot of traction despite the fact we made no effort to advertise swap.

Mary | Satoshi Club: Got it! Sure after IDO/ICO things will go faster!

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

Daniel: yes please

Q4 from Telegram user @Josegamboac

Cyclos has several mechanisms built into the utility that allow token holders to benefit from platform development, similar to CAKE or QUICK. A portion of the trading fees and earnings from the platform are used to make buybacks on the open market and burn $ CYS. What are the built-in utility mechanisms that allow token holders to benefit? What are the characteristics of $ CYS? Real utility of the token within the Cyclos ecosystem?

Daniel: I like the comparison to CAKE and QUICK. Imagine getting in on those projects this early 🙂

Anyway, the main utility is CYS token staking: Firstly, any user who uses our swap will be able to stake CYS tokens for swap fee discounts. This utility will be built in from the start. Secondly, a portion of the swap fees will be used for open market buyback of CYS tokens, which are distributed amongst stakers.

Next, we will also conduct buy and burns:  a portion of the platform profits will be used for buy and burn of CYS tokens, to deflate supply.

CYS will also serve as a liquidity mining incentive to help encourage users to come to our platform and stay for the discounts / rewards from holding the token.

Finally, it will also be used in our governance, when we launch it.

Mary | Satoshi Club: When do you plan to implement governance? How it will work?

Gold Rocket | Satoshi Club: good use case

Daniel: We plan to implement it in December. We will release the details at a later date.

Q5 from Telegram user @victorogb

The Cyclos project is backed by a formidable group of investors, offering both technical and financial support. Even as project development quickens with an anticipated IDO in less than a day, how will Cyclos effectively manage it’s marketing, promotional and partnership obligations, what are your plans to attract viable investors and partners whose ambitions align with your goals and solutions, and how best will you seek the support and corporation of your community, would you organise programs and events that promote generate useful engagements and meaningful feedbacks?

Daniel: This is a multifaceted question. On the question of attracting investors, we have already done so through our private sale, and believe we’ve put together an exceptional group that is here to support the project for the long run.

When it comes to marketing, a big part of that push was bringing on influential opinion leaders in the space who are very selective with the projects they support, and chose to work with Cyclos because they recognize the game-changing potential of the core product. I would say we’ve ticked those boxes at this stage.

Our focus is more so now on building out a community of core supporters who want to grow with us as the project gains traction, as well as foster a greater understanding among hodlers of how using our product can greatly benefit them, compared to other LP products. Part of this will include the launch of a multi-language based content campaign, as well as continued grassroots community building.

Mary | Satoshi Club: Can you disclose the names of your private investors?😃

Gold Rocket | Satoshi Club: are you planning any ambassador program?

Daniel: You can read about them yourself here 🙂

https://twitter.com/cyclosfi/status/1427563694024577025

We will launch one in the coming month.

Mary | Satoshi Club: And yes, community is the key! Sure you will get members from Satoshi Club 😀 and don’t forget to share your content campaign with us! We have a lot of talented people here

Gold Rocket | Satoshi Club: Wow! these are famous influential names😉👍

Mary | Satoshi Club: Familiar names, congratulations 🎊

Q6 from Telegram user   @Jonahapagu

 It is stated that Cyclos, has taken what it believes to be the world’s most efficient limit order system and deployed it on Solana…and Users can concentrate liquidity, while also constructing individual price curves of their choice, over which their assets are distributed….so how does this efficient limit order system work, what are the features of the limit order system that makes Cyclos believe it is the world’s most efficient limit order system, and how can users construct individual price curves of their choice using Cyclos.

Mary | Satoshi Club: Partially covered i guess 😀

Daniel: To be clear- concentrating liquidity by definition is constructing individual price curves of their own choice. The system is quite simple. LPs select an asset pair and decide what price range they would like to place their liquidity along. As long as the price of the base asset is within the range of their choice, their liquidity will be actively utilized to make markets on Serum. Each LP’s price curve is placed on top of one another, and rewards are distributed according to ratio of each LP’s holdings.

When it comes to limit orders, Cyclos can be utilized to execute range limit orders. However, Cyclos itself does not execute limit orders. Limit orders are a function of the underlying orderbook, Serum, to which we are providing liquidity.

Mary | Satoshi Club: That’s clear😃 and i want to ask you my favourite question 😂 is your platform safe? What about any audits?

Daniel: We are working with the top auditor in the space- Halborn. Security is our top priority.

Mary | Satoshi Club: Great! Happy to hear!

Part 2 — live questions from the Telegram community

Q1 from telegram username @doithay1617

Hello  @Danitoto @secretshardul

What does Cyclos think about Hackathons? Has Cyclos ever participated or organized any Hackathon? And does Cyclos have a plan for a future hackathon?

Daniel: We started our project from a Solana Hackathon. In fact, we won several awards from it. We will also be hosting our own sponsored Hackathons to further development on the platform.

Q2  from telegram username @Kabirkapoor9

Hello @secretshardul

Can we Expect Cyclos will consider deploying on other chains too in futurefor diversification purposes? What will be those?

Daniel: Great question! We will be launching on Solana, but definitely will not rule out launching on other chains in the future. For right now though, our focus is on Solana.

Q3   from telegram username @highpee

Hello 🙋‍♂️

Your protocol appears to be OVER-RELIANT on SERUM DEX. Why do you prefer to link Serum? What will happen if an unforseen event impact Serum operation? Will Cyclos still be able to work effectively?

@Danitoto

@secretshardul

Daniel:  Raydium, Bonfida and others all rely on Serum. That is the nature of integrating with a decentralized order book. As mentioned in the previous answer though, we are exploring a multi-chain future, which means building and launching our own dex solution on other chains.

Q4  from telegram username @shadnan3

is it global project or a local project? Can anyone use your project anywhere without any restrictions? thank you sir.

Daniel: Anyone can use our project from anywhere. It is a decentralized product and we welcome all users.

Q5  from telegram username @Karry1999

I really  liked your project name “CYCLOS”

Will you tell us what does this name indicates and why you choose this name for the project ?

Daniel: Cyclos comes from the Ancient Greek word, kúklos, meaning circle. We chose this name as it embodies the positive feedback loop the platform encourages by delivering depth of trading volume. As more LPs contribute depth, over breadth, more traders can execute bigger, more frequent trades. This, in turn, rewards the LPs, who then have their liquidity automatically reinvested back into the order books (a feature unique to our platform). This virtuous cycle will transform the quality of trading on Solana for all stakeholders involved at each point in the process by elevating what is possible in terms of both trading volume and capital efficiency.

Q6  from telegram username @Shaa93

Is Cyclos a combination of Uniswap+Solana+Serum?

 Daniel: At a basic level, yes it can be described that way.

Q7  from telegram username @Kushal85127939

Hello @secretshardul @Danitoto

How much you guys have allocated to Marketing like Airdrops etc of your total supply? Can we expect Airdrop of Cyclos token in near future? If yes, please share eligible Criteria for same?

Daniel: We will not be doing a traditional airdrop, but we will launch liquidity mining incentives for people that use our platform. There is also always the possibility we reward early users of our swap 🙂

Q8  from telegram username @messilolz

Sol price is rising in a  skyrocket way . Is it why you opt to choose launch your platform on Solana?

Daniel: No. We chose to build on Solana all the way back in April. The price of SOL was a lot lower back then 🙂 We chose Solana because it was the only chain that supports a decentralized orderbook. It is high throughput and quick time to finality. Perfect for our product.

Q9.  from telegram username @shakil425

Good day sir

🅾️🅾️🅾️🅾️🅾️🅾️🅾️🅾️🅾️🅾️🅾️🅾️🅾️🅾️

Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project 🥀🥀

Daniel: Yes! We support multiple languages on our discord channel here: https://discord.gg/gyaK56UreX 

We also have a Turkish language group if that is what you are looking for here: https://t.me/cyclosturkiye

We will be launching a bounty campaign for speakers of other languages than English to translate our material into tutorials and instructional videos for rewards.

Q10  from telegram username @Rod092317

Where can I receive the most up-to-date information? Do you have a community on Twitter, Telegram, or Discord? If so, could you please provide the URL here, as there are many phony telegram/twitter groups?

Daniel: Yes! Please join our Telegram group here:

https://t.me/cyclosofficialchat

https://t.me/cyclosofficial

And follow us on Twitter here:

Tweets by cyclosfi

That way you can be the first to hear about all the latest updates.

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/cyclosofficialchat

Twitter: https://twitter.com/cyclosfi   

We are pleased to announce our next AMA on September 9th 2021 at 01:00 PM UTC Time: Satoshi Club x FNDZ

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

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

Part 3: 300$ – A quiz about FNDZ

For more details:
FNDZ Website – fndz.io
FNDZ Telegram – @fndz_community
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We were delighted to welcome our guest from Creator. The AMA took place on September 6th, 2021 and our guests were @tony_ctr @Vivian_CMO_CTR.

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

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

Gold Rocket | Satoshi Club: Today our guests are @tony_ctr @Vivian_CMO_CTR

Tony Tran: Hello guys! It’s a pleasure being here, thank you for hosting us @Satoshi_club. Looking forward to a great AMA!

Vivian: Hi everyone!

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @tony_ctr  @Vivian_CMO_CTR !

Vivian: Great to be here today!

Andrés M. | Satoshi Club: Welcome to Satoshi Club, how are you today?

Tony Tran: We are greate, wating question from the community.

Gold Rocket | Satoshi Club: Thanks for joining guys! 😊

Let’s start! 🚀Introduce yourself please. How did you get to be involved in crypto & Creator

Tell us please about your position in Creator😊

Andrés M. | Satoshi Club: We have collected the best, but let’s begin with a short intro 😃

Tony Tran: thanks @GoldRocket27

Tony Tran: My name is Tony Tran, the CEO and Co- Founder of Creator. I have started my career and worked  in the IT industry for a course of 15 years, in which almost 10 years specializing in Blockchain, IoT, and AI.

Tony Tran: I am really an IT geek who always keeps learning, experiencing and updating to catch up with new technologies. I would never miss out on any new technological changes.

Tony Tran: So, in the age of blockchain’s breakthrough development, I have geared up for many new projects in the field, beginning with Creator as a BaaS platform, to make blockchain more accessible and empower the economy.

Tony Tran: Please meet our CMO @Vivian_CMO_CTR

Vivian: Thanks Tony

Vivian: Good afternoon guys, It’s Vivian, CMO of Creator.

Gold Rocket | Satoshi Club: nice to e-meet you😍

Vivian: Well, you guys should know that Tony and I are like-minded colleagues and friends.

I have been developing successful marketing strategies for many enterprises, particularly in the IT industry.

Vivian: Seeing a huge wave of blockchain and cryptocurrency, as well as its wide-ranging applications, I have got intrigued and felt the urge to jump in and exploit the potentials of this new technology advance.

Gold Rocket | Satoshi Club: great background

Gold Rocket | Satoshi Club: You are very passionate about what you do and it is immediately felt😍

Gold Rocket | Satoshi Club: Give us a brief introduction to the project. What is the essence of Creator

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  Creator

Tony Tran: Well, we already started this project since last year

Andrés M. | Satoshi Club: It’s a pleasure for us to have great personalities here

Andrés M. | Satoshi Club: Wow, and currently you have a big Telegram community

Tony Tran: Blockchain-as-a-Service is a solution allowing users to build blockchain applications and digital services on a distributed network with minimal hassle. This allows higher agility and quicker blockchain adoption. Blockchain applications are becoming more and more desirable, but they can be challenging to set up for smaller businesses or organizations with limited IT resources. Therefore, Creator – a  BaaS platform has been established to provide professional assistance for users to easily deploy blockchain into constructing their apps or stores.

Tony Tran: Creator is a Baas platform which provides No Code Smart Contract, Low Code DApp and other services to empower the DeFi and NFT world.

Tony Tran: Creator’s blockchain features shall broaden the gate for every game studio and developers to enter the gamified NFT and Blockchain industry.

Tony Tran: Creator is outstanding for 4 main features: No Code Smart Contract, Low Code DAPP, Loyalty program, and Defi services.

Andrés M. | Satoshi Club: In the future will go to more chains different from eth, BTC and Dot?

Tony Tran: yes, Currently we started with ETH, we soon support  BNB and DOT

Gold Rocket | Satoshi Club: Lovely intro👏👏👏

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

Tony Tran: @Vivian_CMO_CTR please help me to intro our team

Vivian: Sure, I would love to do it

Andrés M. | Satoshi Club: It seems you are a public team, that’s excellent

Vivian: Creator has a strong team of blockchain experts, design masters, and development talents all of whom have 5-8 years of experience in IT and blockchain.

Furthermore, our project is backed by VMO Group – Top 10 IT company in Vietnam and is a company leading in next-gen technology (Blockchain, AI/IOT/ML)

Vivian: In addition, Creator is forming long-term strategic partnerships with big investors such as Master Ventures, Kardia Ventures and Exnetwork Capital that will definitely support with excellent advice

Andrés M. | Satoshi Club: Thanks for the clarification, I would like to know how did you choose the name of the project?

Gold Rocket | Satoshi Club: How big is your team?

Vivian: Oh yes, We have a team of 15 expert developers and also 10 people in Marketing Team

Tony Tran: Well, our service is focus to support creation product, like song, painting… so we call it Creator

Andrés M. | Satoshi Club: I like it, clear and simple

Gold Rocket | Satoshi Club: I find it great when creativity intersects with blockchain. And the creator goes to the future🚀😊

Andrés M. | Satoshi Club: Thank you so much for the introduction.

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

Vivian: I’m readyyyyy

Q1 from Telegram User @Emidm28

You recently announced that Creator officially becomes the incubator for an NFT game about dragons – Dragon Age. I read that Creator offers game owners the No Code Smart Contract and Low Code DApp features. My question is … in what ways will Creator’s BaaS platform contribute to the booming of gamified NFT? Can you delve a little more about the features you offer? Is the Dragon Age game using both features?

Tony Tran: in short, we will provide no code Smart Contract to a game can generate their own token.

Tony Tran: then with our Block chain core, it will provide all APIs need for any blockchain service for in-game action

Tony Tran: On Creator, we will provice an NFT market place, then user can trade all NFT from that game.

Tony Tran: All this will come in October.

Tony Tran: Next step is we will have a launching platform, specially for game.

Tony Tran: just a short sharing, we will share more detail to the community very soon.

Gold Rocket | Satoshi Club: Btw will be nice if you share your roadmap with us please 😉

Andrés M. | Satoshi Club: Exciting features coming 👏

Vivian: Currently we have finished our testnet and we are going to release a new add-on on our platform which is Staking at the end of the Q4.

That will be a good chance for Creator holders to gain more benefits from holding our tokens.

https://block-explorer.testnet.creatorchain.network

Gold Rocket | Satoshi Club: thanks for great answers and clarification😊

Andrés M. | Satoshi Club: Has the APR been established?

Vivian: We are working on it 🙂 and let you guys know very soon after the IDO

Gold Rocket | Satoshi Club: Ready to proceed to the next question or want to add something?

Vivian: We can’t wait for the next interesting questions !!!

Q2 from Telegram User @yellowchamp

On your Roadmap Q4 2021,you plan to launch a Storage service test version and Loyalty service test version,moreover you plan to have a Staking features in multiple platforms. So with this plan of yours,can you share an over view about your Storage and Loyalty service test version? How would be the Storage and Loyalty service be utilized and be implemented in Creator platform? As you will launch its test version,what can we expect from it and when are you going to launch its beta or higher version for Storage and Loyalty Services? Lastly,as you plan to have a Staking features in multiple platform,can you give us a hint which platforms you plan to launch your staking? Why you launch staking in some other platforms but not in your own platform? Do you also have plan to launch staking in Creator platform? By the way,can you tell us what would be the highest APY/APR of your staking? Thank you

Tony Tran: for Storage, as we need to tokenize lot of NFT, so we will make it very high capacibily and it will be ontime, we will share you the alpha version when we are ready.

Tony Tran: for Loyaty, yes, it’s very important with all system for get users stays at their service. Our plan is provide a cross-chain loyaty service which will support all chain, and CTR will be use for pay user loyaty or increase user ranking.

Tony Tran: I really love to hear the question about Staking. We planned to spend this new after the IDO but yes, I can hint a little bit that Creator will have own staking service. It will really be benefit for Creator holders and complete the Creator Ecosystem.

Tony Tran: the APR is not confirm yet, but arround 10-30% base on how long user stake.

Andrés M. | Satoshi Club: Got it, so apart of that, what are the main utilities of your token? $CTR

Vivian: To begin with, the CTR token can be used to pay fees for the BaaS infrastructure as well as any transactions on the Creator platform.

At the same time, holders can use CTR to purchase NFT of creative items on the marketplace, which can be exchanged for loyalty points, vouchers, gifts, or parachain rewards.

Vivian: You may also use the DeFi protocol to switch from any other token. Holders can raise their membership status and reap additional benefits from the ecosystem.

Vivian: CTR is interoperable with other chains such as Ethereum, Polkadot and Binance.

Vivian: Creator commits to offer you an optimized cost, full fit service and shorten go-live time.

We are delighted to announce that we are working on staking and farming to attract holders. Please follow us on our social media platforms for additional information. We’ll keep you informed

Andrés M. | Satoshi Club: Fantastic, great reasons to invest👏

Gold Rocket | Satoshi Club: sounds incredibly attractive! 👏

Gold Rocket | Satoshi Club: Thanks for great answers

Vivian: Thank Guys 🤩

Gold Rocket | Satoshi Club: Ready for the next question?

Q3 from Telegram User @Jonahapagu

Amongst the features on your platform, the Loyalty Cross-chain feature is an interesting one. It is said to be an entire service for loyalty programs on the blockchain. Saving deployment costs, short go-live time, reducing transaction fees, cross-organization redemption and enhancing customer experience… so how does this loyalty cross chain feature work in your platform, why do you think brands should use this loyalty Cross-chain feature instead of using other loyalty programmes in other platforms, and how does this your Loyalty feature go on to Enhance customer experience for brands that use it….

Vivian: Seems like many people are interesting on the Loyalty program.

Vivian: Once we release our Marketplacen in early Q4, 2021, we will start with Test version of Loyalty service.

Vivian: Imagine that you have reward from this Dapp but you can also use it at the same value on another Dapp

Vivian: That will make the different of our Loyalty program compare with existing ones.

To work on it, we are partnering with many VCs, partners, customers in different domains to have kind of Association.

Gold Rocket | Satoshi Club: good feature👍

Vivian: Thanks for such a good question!

Gold Rocket | Satoshi Club: thanks for clear answer

Gold Rocket | Satoshi Club: Let’s proceed to the next question😊

Andrés M. | Satoshi Club: Great answer, let’s proceed

Q4 from Telegram User @Highpee

Your project is built on the interoperable structure of Polkadot blockchains and you allocated 12% of your tokens which amount to 18,000,000 as parachain reward. Why do you prefer to build creator as a Polkadot project? And by allocating 12% as parachain reward, does it mean that you plan to bid for a parachain slot from the available 100 Polkadot parachains and parathread slot? If yes, why didn’t you want to launch on other parachain? Why is it necessary that creator protocol should have its own standalone parachain and how can community be drafted to ensure a successful bid process? And since you plan to launch service products in Q4/2021, on which network or parachain will they launch on?

Tony Tran: You are right, the parachain bid slot is really hard to get it. But we are trying to have it, cause you can see we have lot of advantage compare to ETH.

Tony Tran: Creator is only first service in our ecosystem, that why we want to build it in our own chain, base on Polkadot substrate

Tony Tran: for first release ,we still launching on ETH, and will add support to Polkadot when it ready.

Andrés M. | Satoshi Club: Could you share the info about tokenomics?

Vivian: For sure

Vivian: Let me share with you our token allocation:

Our token is symbolized as CTR and has 150,000,000 of supply and has been allocated as the picture shows.

Vivian: Hey hey ! Gear up guys! I’d love to share about Creator IDO date and time!

Creator will launch on 2 launch pads: Ignition – Paid network and MoonStarter; and both will take place on 8 September.

Vivian: For the IDO on Ignition Paid, Creator will have a fixed allocation of 3,000,000 CTR tokens to purchase for holders at a fixed price of  $0.1

Vivian: There will be a fixed allocation of 1,000,000 CTR tokens on Moonstarter Launchpad for purchase at a fixed price of  $0.1.

Andrés M. | Satoshi Club: Great opportunity Satoshiclubbers🥳

 Andrés M. | Satoshi Club: Actually our next question will help us to understand more about the IDO, ready to go?😁

Andrés M. | Satoshi Club: Thanks for your clear answers btw😃

Q5 from Telegram User @ItsMelissa3

A few days ago you announced that Creator will soon IDO on Ignition Paid and MoonStarter, both will take place on September 8th… Why did you choose to have a dual launchpad? What are the benefits of that? It caught my attention that the token allocation for the MoonStarter platform will be 1,000,000 CTR tokens, while the Ignition platform will have a fixed allocation of 3,000,000 CTR tokens. Why did you decide to have a higher allocation on Ignition? Is there a specific reason behind that decision?

Gold Rocket | Satoshi Club: partially answered. but maybe you will find something to add 😉

Vivian: Yes, both launchpads have high performance on the legit projects.

Vivian: The dual launchpads will help to share more opportunities to the Community to have chance to own CTR Tokens.

Vivian: Each of launchpad has different community targets regarding  the number of token for sales but either Ignition Paid or Moonstarter are well known in the field.

Vivian: Thanks 🙂

Gold Rocket | Satoshi Club: Thanks for your answers

Gold Rocket | Satoshi Club: let’s talk about security.

Gold Rocket | Satoshi Club: have you conducted any hackathons or audits?

Gold Rocket | Satoshi Club: If so, please share the results😊

Tony Tran: All our Smart Contracts was audited by Certik

Tony Tran: you can get the result here: https://www.certik.org/projects/creatorchain

Gold Rocket | Satoshi Club: Wow! Great! it is a quality mark in some way🙌

Gold Rocket | Satoshi Club: Thanks for sharing 😊

Gold Rocket | Satoshi Club: Safety first 👌

Tony Tran: Right, it’s our top most priority when starting a project.

Andrés M. | Satoshi Club: Thanks for your answers, you have a big community, have you done some community contests to increase the awareness? I read about a recent gleam contest😁

Gold Rocket | Satoshi Club: Yes! your tweeter is huge! 43k !!😍

Gold Rocket | Satoshi Club: This is an incredible amount since May!

Vivian: Yeah, we have hit it few hours ago

Vivian: We have made some contest to our dear community like AMA, Quiz, CMC Airdrop, Learn and Earn with Krystal ,etc.

Vivian: We plan to have Hackathon activities soon after IDO and many more.

Gold Rocket | Satoshi Club: you have done an incredible job! Bravo!👏👏👏

Andrés M. | Satoshi Club: Great job, community is the main pillar of each project👏

Vivian: The Gleam contest with both Paid Network and Moonstarter are closed.

Vivian: They said we are one of the project has highest participants for the contest!

Gold Rocket | Satoshi Club: And they are absolutely right😁

Vivian: Thanks to our Community and CTR’s lovers!

Andrés M. | Satoshi Club: Well, last question of this first part of the AMA is knocking the door 😁

Q6 from Telegram User @shakan1711

Will you act also as a Consultancy Service company on NFT to define exact price with some tools beside farm and other features? Also publishing any reports for NFT value searches?

Vivian: Yes, we will also provide the Consultancy Service on NFT. So to any NFT project, we can help them to apply blockchain with short time and low cost.

Vivian: NFT market is growing very fast and scalable.

Vivian: As of August 13, 2021, the aggregated sales value over 30 days rose significantly, amounting to roughly 206.5 million U.S. dollars.

Andrés M. | Satoshi Club: Big numbers, is true that is the future of the digital art.

Vivian: Creator would help to empower the NFT market by providing No code and Low Code services

Part 2 — live questions from the Telegram community

Q1 from Telegram @Shaa93

What is the Creator’s programming language?

Tony Tran: Creator will use: Rust, solidity in blockchain core and smart contract. NodeJs for backend and ReacJs for frontend.

Q2 from Telegram @se8863

Which one of these aspects important for you?   
1-Increasing Token Price&Value                             
 2-Empowering Platform Development                     
3-Building Community Trust                                        
4-Expanding Partnership Globally

Vivian: 2nd question is here!!!

Well, I’m gonna say that 4 aspects play an important role in the success of a project. Community and partnership build us and make us who we are, both help us to be better and stronger. Beside, to keep community and partnership going along with us, we must have a good product.

So that is why we have to empower our platform development, bring the best outcome and then increase token price as well as value.

To put it in order, number 1 must be Good Platform Development, then Increasing the token price.

Q3 from Telegram @Huzur12123

NFT is very hot trend now, do you pretend to catch up with this trend or still follow and focus your original roadmap

Vivian: 3rd question is picked.

As our very first target in the roadmap when we start with the project.

Blockchain-as-a-Service (BaaS) Platform.

Creator provides No Code Smart Contract, Low Code DApp

and other services to empower the DeFi and NFT world.

Q4 from Telegram @Jonathantross

Can you  talk some features of Creator which make it superior than other platforms like Unique and Opensea platforms ?

Tony Tran: Unlike to the other platforms such as OpenSea, XP.net which are more about NFT oriented solutions and products, Creator providers operate a managed blockchain platform, supplying all of the infrastructures and often many of the tools needed to build full-fledged decentralized applications (DApps) for different types of users: individuals, merchants, or developers.

Q5 from Telegram @Zohaya

How does Creator function? How do sellers and developers benefit from your platform?

Tony Tran: It’s a good question, For seller, they will have lot of benefit cause with our BAAS, they can create a market place in some clicks, which will reduce lot of money to build up their own.

Q6 from Telegram @Pklist

How Do you planning to promote your project in different countries, wherein English is not spoken well? Do you have a local communities for them to better understand your project?

Vivian: Yes. We would love to have different communities in other countries to join. The Ambassador program is now running by Creator’s In-house marketing team.

If you have any suggestion to us, please contact to me or my team mate for further discussion.

Q7 from Telegram @Crystalsmith97

What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?

Vivian: Glad you asked about this! It’s an opportunity for me to introduce our Creator Ambassador program to you guys.

First of all, I have to say that through our accomplishments, we have our community besides us, making us better and stronger every day. We’re grateful for their herculean support and contribution to take us closer to our goals🍻

In an effort to give back to our community, we provide the opportunity of a lifetime for everyone who wishes to watch Creator Network soar. We’re launching our very own Ambassador Program to build a team of dedicated members, addressed to as Creator United, who share our vision and wish to pave a way to our success.

Additionally, we also have events along the way, such as Learn&Earn with Satoshi, Krystal, Safelaunch; Airdrop with CMC for total rewards of up to 100,000 CTR  or AMAs like this with you guys.

Q8 from Telegram @Ecmq10

Hello Creator team! I understand that you will carry out your IDO on two different platforms, one of them is MoonStarter and the other Ignition Paid … Is there a whitelist still available or are both already closed? Is it a requirement on either of the two platforms to do KYC on a mandatory basis in order to participate? Will they both start at the same time? Is there one of the two platforms that requires more demanding requirements than the other?

Vivian: Well I am sorry to say that the @tony_ctr @Vivian_CMO_CTR whitelist in both platforms has been closed recently. The IDO day will take place on September 8th on both 2 platforms but not at the same time. 11 AM UTC in Ignition PAID Network and 1PM UTC in MoonStarter. For more details, you can join our official channel to get the guideline detailed about how to participate in both platforms! Hope my answers satisfy you!

Q9 from Telegram @DK177

Your IDO has been scheduled to the 8th of September. Only one day left! I noticed that there are two rounds, at 11.00 AM and at 1.00 PM? What is the difference between those rounds?

Tony Tran: We use ecosystem fund to build up the comunity, support other team or developers. We also have planning to open academy, to training developer for blockchain and smart contract.  You may join our comunity to get the info about it.

Q10 from Telegram @Nonerlike

Nft projects are uncountable in number. How are you different and what problems do you aim to solve?

Vivian: Creator is more than just a BaaS platform. It’s also the gateway to the world of gaming NFT. Individuals and merchants may establish their own NFT stores on Creator’s platform without coding knowledge, at an optimal cost, and with flexible transactions.

Unlike existing NFT projects, Creator offers all of the infrastructures and tools to build  DApps for different sorts of users: individuals, merchants, or developers.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Creator. They’ve prepared 4 questions for this part. The total reward pool for 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:

Creator Website – creatorchain.network
Creator Telegram – @creatorplatformglobal

We were delighted to welcome our guest from Proto Gold Fuel (Ck-pgd). The AMA took place on September 5th, 2021 and our guests were @ML_PGD  @CK_PGD  @AA_PGD

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

Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We are pleased to announce AMA with Proto Gold Fuel (Ck-pgd)

Gold Rocket | Satoshi Club: Today our guests are @ML_PGD  @CK_PGD  @AA_PGD

CK_PGD (Will not DM you first): Hello Satoshi Club and thanks for having us here !

Hello ladies! I look forward to this AMA!

Andrés M. | Satoshi Club: Glad to have you here💪

Gold Rocket | Satoshi Club: Nice to e-meet you😊

CK_PGD (Will not DM you first): And hello Andrés

www.proto.gold: Hi, everyone. It’s great to be here

CK_PGD (Will not DM you first): Unfortunately, ML couldn’t be here with us.

www.proto.gold: He had a kids birthday to take care of

Gold Rocket | Satoshi Club: nevertheless you are with us😍

Andrés M. | Satoshi Club: Yes, don’t worry, let’s have a great AMA😃

Gold Rocket | Satoshi Club: Hb 🎂

CK_PGD (Will not DM you first): Yessir! And it will be😉

www.proto.gold: I will let him know, thank you

Gold Rocket | Satoshi Club: Let’s start! Introduce yourself please. How did you get to be involved in crypto & Proto Gold🤩

CK_PGD (Will not DM you first): We are a big group of Crypto enthusiasts that came together to make Crypto a safer and more transparent experience. We have witnessed the worst of crypto both from laze/scammy developers but also from communities of manipulation and slander. The Core group has vast experience in both the traditional market and Crypto, ranging from business owners and Community Managers to developers and Journalists. Proto Gold began the coding in late 2020 but we have been building the partnerships and trust between the Core members since 2017.

CK_PGD (Will not DM you first): Personally I am the Community manager with a specialty in Leadership, Math and Logics. For me it is very important to make sure that every single community member feels valued and comfortable. With our Core values as center pieces I will everyday work to bring the community closer together.

Throughout the years of interaction with crypto, I have learned that communication can be the best and the worst for a project. Lacking the will to properly communicate with the community can kill an otherwise great project. I believe that any waiver/FUD/frustration that is addressed with respect can be turned into strength and loyalty. Together we build.

CK_PGD (Will not DM you first): and a little note From ML:

CK_PGD (Will not DM you first): Hi everyone. I am ML and I am a business manager at Proto Gold. I have know CK and other core members for several years now. I have been utilising my skills to organically develop PROTO GOLD & we are very proud of our launch and progress thus far. We became a defacto DAO due to our group research, much like this telegram, but on a smaller scale. I believe we began educating each other on the strength and advantages of Cryptocurrencies around 2017. I have been through it all, much like many of yourselves. The highs, the lows and the scams, rug pulls etc. We want to be open, honest & transparent at all times. We decided to ensure that you don’t need to just trust our word, you can verify everything on the blockchain with PROTO.

CK_PGD (Will not DM you first): @AA_pgd is our Lead Dev, also called Octopus since he manages four different teams. AA and the teams have managed to create a unique code base for our Tokens and are striving to deliver our dapps on time in accordance with our Roadmap. We have set an ambitious goal for an ambitious project.

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

Andrés M. | Satoshi Club: A great team👏

CK_PGD (Will not DM you first): We sure are 😉

Gold Rocket | Satoshi Club: since you started talking about your colleagues

Gold Rocket | Satoshi Club: Dream team🙌

www.proto.gold: I’m the guy making sure our codebase is SAFU. We’re lucky to have a fantastic developer team. One of the significant differences between us and many projects is we aren’t only a one-developer operation. Furthermore, we have different groups of developers working on various aspects. The most important is that many work full-time.

Gold Rocket | Satoshi Club: is your team public or anonymous?

Andrés M. | Satoshi Club: In a nutshell please tell us what is Proto Gold Fuel.

www.proto.gold: United Nations WAFUNIF has vetted us. You can verify our partnership, vetting here; wafunif.org

CK_PGD (Will not DM you first): Being undoxxed creates safety to the project.

CK_PGD (Will not DM you first): We can’t be blackmailed or harassed.

Gold Rocket | Satoshi Club: Thanks for sharing! we are honored to know this 👏👏👏

Andrés M. | Satoshi Club: Completely agree

CK_PGD (Will not DM you first): Our Core wallets are listed within the code for full transparency

Gold Rocket | Satoshi Club: Give us a brief introduction to the project. What is the essence of Proto Gold

www.proto.gold: Let me show where to verify in the code that the core member allocations are locked for 120 days, and thereafter vesting for 2 years.

CK_PGD (Will not DM you first): Proto Gold Fuel is a Protocol with a 10% transaction redistribution:

2.5% for instant frictionless yield generation, PROTO is shared back with holders on each transaction, so you’ll accumulate in your wallet each day new PROTO for as long as you hold

1.25% for the quarterly bonus. (Currently the pot is in excess of $20,000 to be shared with holders). This is due to drop in around 4 weeks, so getting in now could be quite advantageous. We call this DORE, which is essentially a stable $1 cryptocurrency and will have a variety of uses. DORE doesn’t have a swap fee either, so we can make different use cases for each of the 3 cryptos in our ecosystem! The DAO is looking at striking deals in exchange for DORE for exclusive discounted goods. You will also be able to play the DORE lottery with your DORE funds & also swap it for either more PROTO or LAW.

0.75% backs the DAO Governance – $LAW. Strengthening the DAO & making a 51% attack impossible.

1.5% is locked in the liquidity pool, which is now in excess of $1m. This is locked by the DAO for 2 years minimum too, always ensuring a safe environment to swap.

1% is donated to charity. The vault stands at around $17,000 currently since launch & is stored securely as BUSD.

0.75% goes to marketing, to permanently allow the DAO to raise market awareness long term.

0.75% pays for Audits & platform development ( we have 4 dev teams!)

Regarding the burn:

1% is Burnt, forever reducing the long term supply. Currently out of the grand total of 660 million Proto that will ever exist 22,393,977 have already been burnt out of existence.

www.proto.gold: https://twitter.com/proto_gold/status/1424099937906737153

CK_PGD (Will not DM you first): Around this protocol we have a full ecosystem of Dapps:

Live Dapps:Custom-built governance beta; www.dao.proto.gold

User dashboard: www.dashboard.proto.gold

ProtoSpaceDrop (a working smart contract, the platform will follow);

An innovative solution for decentralized claims of rewards, but also new tokens. Something like airdrops but with much lower gas fees. For example, if a DeFi project has 75,000 holders but they want to airdrop a new partnership token to their community, it’s a very costly affair. With ProtoSpaceDrop, it would cost a fraction.

Upcoming Dapps:

ProtoLock (Launch in September). A platform for projects, influencers, etc., to lock up liquidity and lock different supply allocations with vesting periods first on BSC, but in the next version cross-chain. With verifiable blockchain confirmation. None of the existing platforms verified their code that projects are using to lock up the liquidity, which means you have to trust the platforms.

ProtoLaunch; a truly decentralized launchpad where anyone holding LAW will vote on what projects are allowed to create a crowdsourcing campaign. LAW holders will have the first-row ticket for early access to those projects. Any project who survives the community scrutiny has to use ProtoLock to look up their liquidity, and also supply allocation would transparently be locked up and vesting through ProtoLock. (ProtoLaunch Q4 2021)

ProtoSwap;

Another Dapp where LAW holders will vote on what projects are allowed to use ProtoSwap. This would, in my opinion, make swapping safer as people can’t list their scammy tokens without being vetted by the community, which means it is still decentralized. LAW would be the “CAKE,” but with a truly innovative approach. (Launch in Q4).

ProtoCharity; hands-on charity and none of that bs where it’s a publicity stunt. The charity will deliver in-hand goods to people in need in South America, Africa, etc.

www.proto.gold:

Make sure to verify it directly in our code—solidity file 28 out of 31.

Gold Rocket | Satoshi Club: Thanks for sharing

Gold Rocket | Satoshi Club: your openness says a lot👍

CK_PGD (Will not DM you first): Anytime

Andrés M. | Satoshi Club: A big ecosystem, everyone can join it seems

CK_PGD (Will not DM you first): Its a part of our core values

CK_PGD (Will not DM you first): Our Values

Proto Gold is driven by a set of core values that guide everything we do.

Our values include innovation, transparency, trustworthiness, and social responsibility.

Innovation

With a unique codebase and a revolutionary decentralized exchange, Proto Gold strives to develop innovative and groundbreaking technologies that reinforce our security and transparency.

Transparency

With every transaction recorded on the blockchain, transparency is built into Proto Gold. Important information and planned changes are announced in advance and with ample time for DAO members to act if necessary.

Trustworthiness

Our hardcoded protocol has undergone several audits and is designed to require minimum human interaction. In addition, ownership of the protocol has been transferred to our DAO so only the community can make changes. In these ways, trust is built into Proto Gold.

Social responsibility

Proto Gold is hardcoded to provide funding for external projects focused on the betterment of humanity. These efforts are guided by our community and in conjunction with our globally recognized charitable partner.

CK_PGD (Will not DM you first): With a Motto “By the People, For the People” this is very important.

Andrés M. | Satoshi Club: Agree, community is the main pillar of the projects

www.proto.gold: Allow me to share a little about our governance. We custom-built it as we were not satisfied with any existing solution for our use cases. It’s on-chain, so it’s secure. It’s super fast as it’s on BSC. The fees are also meager. We made sure to simplify the Dapp and voting process into a 2-click solution. Thumbs up or thumbs down to a proposal and approval in the wallet. That’s it.

You can find the beta here;

www.dao.proto.gold

Andrés M. | Satoshi Club: Well, thank you so much for this complete introduction😃, let’s learn more about the project through the best community questions.🥳

CK_PGD (Will not DM you first): Before we go there

CK_PGD (Will not DM you first): Let me share a little something

CK_PGD (Will not DM you first): An opportunity for this community!

Andrés M. | Satoshi Club: 🥳 great opportunity for Satoshiclubbers

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

CK_PGD (Will not DM you first): Three times a week we have our mini-games. Fun and educational. Join us and enjoy the ride of safety and education.

CK_PGD (Will not DM you first): now we are ready for the questions😉

Andrés M. | Satoshi Club: Like quizzes and lottery?

CK_PGD (Will not DM you first): yes! Quiz, Hangman, Crosswords, word scramble and more. presented live with our daily host.

Andrés M. | Satoshi Club: Sounds amazing, something educational such our group.

Gold Rocket | Satoshi Club: it is incredibly generous and pleasant👏👏👏

Andrés M. | Satoshi Club: Let’s go

Q1 from Telegram User @DK177

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?

www.proto.gold: Here let me take this one @CK_PGD

www.proto.gold: A good question, as a lot of thought, went into making the logo. It’s indeed three people helping each other, and they shape a crown as a symbol of prosperity. The three people are in different colors, as a symbol of people from all over the world

Gold Rocket | Satoshi Club: Great concept, thoughtful symbolism! Bravo!

www.proto.gold: Here let us show you the new logo as we have a redesign event coming, where we’ll also present a new website for proto.gold

CK_PGD (Will not DM you first): https://twitter.com/Proto_Gold/status/1433318518297071616?

Andrés M. | Satoshi Club: Awesome

www.proto.gold: The new design still has the same meaning but in a more refined way. As you see, there are still three people holding hands, but two are making a high-five, where the third is saying Namasta.

Andrés M. | Satoshi Club: Btw, how did you choose the name of the project?

Gold Rocket | Satoshi Club: Amazing🔥

www.proto.gold: A name can be tricky as there are many things to consider. But the word Proto means; The first, the original, etc.

Gold because we’re building the gold standard for a safer crypto sphere

CK_PGD (Will not DM you first): Trustless Safety👌

Andrés M. | Satoshi Club: Personally I like it to much 👏

Andrés M. | Satoshi Club: Well, thanks for your answers guys, ready to go with the next question?

www.proto.gold: Yes

Q2 from Telegram User @yellowchamp

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

CK_PGD (Will not DM you first):

https://medium.com/@Proto_Gold/the-results-of-our-first-audit-from-hacken-io-ae42196aaece

CK_PGD (Will not DM you first): While AA is answering here is the content he refers to. Flawless audit 👌🤜🤛 well done AA and devs !

www.proto.gold: Sadly, what happened was an individual was creating fake accusations, and he managed to convince the RugSeekers to take down their first evaluation. Luckily, Rob from RugSeekers got involved, and after a community member presented a lengthy report to Rob, RugSeekers realized they made a mistake to listen to that individual.

Gold Rocket | Satoshi Club: thanks for sharing audit results. 😊

CK_PGD (Will not DM you first): Transparency is important👌

www.proto.gold: The truth will always prevail

Gold Rocket | Satoshi Club: We are glad that you are not afraid of difficult questions and suggest moving on to the next question.😊

Gold Rocket | Satoshi Club: If you don’t mind

CK_PGD (Will not DM you first): Yes 👌

Andrés M. | Satoshi Club: Yes, to generate confidence into the public

Q3 from Telegram User @Ajpaa

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.

CK_PGD (Will not DM you first): ProtoLock (Launch in September). A platform for projects, influencers, etc., to lock up liquidity and lock different supply allocations with vesting periods first on BSC, but in the next version cross-chain. With verifiable blockchain confirmation. None of the existing platforms verified their code that projects are using to lock up the liquidity, which means you have to trust the platforms.

ProtoLaunch; a unique launchpad governed by our DAO with security measures to weed out the scam projects. Any project wishing to raise seed capital on ProtoLaunch will go through an extensive vetting process by our security team and the members of our DAO; their product will be vetted by our marketing and brand specialists. With this unique security measure, we enhance the transparency and safety in DeFi and the crypto markets generally known as the wild wild west, as well as provide aid to the projects with a genuine intent to create innovative blockchain technology. After the truly decentralized filtering and approval process, the project will have its Decentralized Contribution event and then be listed on ProtoSwap.

ProtoSwap; a truly DAO governed SwapSite, only projects that have passed our decentralized allowlisting process after a vote in our DAO is granted access to list their project. ProtoSwap is an innovative platform for much safer peer-to-peer swaps with its security measures and unique user functions.

ProtoSpaceDrop: An convenient and very gas-efficient solution for Proto-incubated projects to enable allowlisted community members to claim specific bonuses, discounted offers, and many other real-life uses cases. An innovative technology that will lessen the environmental burden from the more known airdrops many projects use. Airdrops are a very costly affair, while ProtoDrop is faster, cheaper but yet decentralized with the help of IPFS (peer-to-peer file sharing and file storage technology).

CK_PGD (Will not DM you first): Being a part of our ecosystem, by holding Proto and LAW creates an opportunity to participate in all launches through our secure environment.

An environment that will make both projects and the community thrive in the certainty of a no scam, rug pull or lacy devs.

CK_PGD (Will not DM you first): Fear < Trust and transparency

Andrés M. | Satoshi Club: It is a great reason to invest, where and how we can buy PROTO tokens?

www.proto.gold: Let’s start with ProtoLock. ProtoLock Dapp will be for locking up liquidity and much more. It will be for locking up supply such as core member allocations and any other supply distribution. You might think there are already other projects where you can lock up liquidity, etc. But we didn’t find even one where such lock is 100% verifiable on the blockchain. Any other platform we looked at never verified their source code, which means they aren’t fully open source. ProtoLock will be the first genuinely verifiable product.

ProtoLock is not only intended for projects to use. Also, community members, advisors, financial entities, etc.

CK_PGD (Will not DM you first): Scam/Rug Pulls < ProtoEcosystem

CK_PGD (Will not DM you first):.Swap Proto on Pancake Swap: https://pancakeswap.finance/swap?inputCurrency=0xB9DF47C637D481aF168Ff5E13D9a4b1e5874b6f8 / SET SLIPPAGE TO 11-12%

Gold Rocket | Satoshi Club: Thanks for your detailed answers 😃

Gold Rocket | Satoshi Club: Ready to proceed to the next question?

CK_PGD (Will not DM you first): Sure 👌

www.proto.gold: You’re welcome. It’s important to us that people understand before making any decisions.

Andrés M. | Satoshi Club: That’s the aim of the AMA👏

Gold Rocket | Satoshi Club: and our guests do an excellent job with this aim😊

www.proto.gold: That’s the beauty about our protocol has automated distribution. The code makes no difference between who you’re or if you’re a core member or anything. The distribution is equal for anyone. Furthermore, for any updates to our code, everyone holding our governance token, Law, has to vote yes or no. Only after a proposal has the necessary consent, then the proposed update can be implemented.

www.proto.gold: So, in essence, if you join our DAO, you would have an influencer in these matters.

Andrés M. | Satoshi Club: Btw, currently your ecosystem is big, are you planning to make it even bigger?

Andrés M. | Satoshi Club: I mean, please share us your roadmap to check what is coming😁

Gold Rocket | Satoshi Club: Moving according to plan?

Andrés M. | Satoshi Club: Wow, celebrity partnerships, any sneak peek about it to share with our community?😃

CK_PGD (Will not DM you first): Every day we listen to suggestions and ideas from the community.

And we have some new ideas that currently are on the drawing board.

www.proto.gold: I’m happy you asked. We didn’t list everything, and we have a lot more planned after the above one

www.proto.gold: Yes, as of right now, everything is progressing

CK_PGD (Will not DM you first): Yes👌 with AA in the lead of the devs we seldom delay.

Andrés M. | Satoshi Club: Excellent

CK_PGD (Will not DM you first): That would spoil the fun 😉

But we don’t let the down the excitement 👌👌

Gold Rocket | Satoshi Club: Thanks for great answers😊

CK_PGD (Will not DM you first): Our community loves making these Stickers.

CK_PGD (Will not DM you first): @Giftyjoseph made these 👌👌

Andrés M. | Satoshi Club: Ok, we will be waiting for coming announcements🥳

www.proto.gold: I wish we could, but we can’t even hint about any names, or else we would risk breaking our promises. But, we have no doubt everyone else will be as excited as us and proud.

Gold Rocket | Satoshi Club: this is very cool👍

Gold Rocket | Satoshi Club: Ready to proceed to the next question?

CK_PGD (Will not DM you first): Soon our design team will release a sticker pack with the rebranded style.

Andrés M. | Satoshi Club: Don’t worry, just don’t forget to share the announcements with our community💪

Q5 from Telegram User @Jonahapagu

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….

www.proto.gold: A lot. Here you can see the smart contracts that Hacken.io included in their first audit that we shared the link to earlier.

CK_PGD (Will not DM you first): AA and the devs have built our codebase from the ground up and have taken all necessary security steps and beyond.

All distribution is made in percentage and therefore it is always fair. 

Fairness also comes with our “Guardian angel” : a distribution of LAW tokens to the less fortunate holders, just before our quarterly savings, that will help the holders reach the necessary LAW tokens to participate

Andrés M. | Satoshi Club: Security first!

Gold Rocket | Satoshi Club: Sounds good

CK_PGD (Will not DM you first): Always

Andrés M. | Satoshi Club: Have you implemented any ambassador program?

www.proto.gold: Would you care to elaborate?

Andrés M. | Satoshi Club: Do you have any ambassador program to attract new members from different countries?

Andrés M. | Satoshi Club: Btw, do you have different local communities?

www.proto.gold: We’re a DAO, and while some people do more than others, we recognize every single person as equal. You would be able to find our WhitePaper and LightPaper in six languages on proto.gold

CK_PGD (Will not DM you first): Currently, we have a loyal and active community widespread throughout the world. As a global project its important to be able to welcome everyone and as partners of a United Nations Charter organization we have made our WP and LP in 6 languages: https://proto.gold/lightpaper-whitepaper/

Andrés M. | Satoshi Club: Excellent, thanks for the clarification.😃

www.proto.gold: We welcome anyone who wishes to organize local communities

Andrés M. | Satoshi Club: Well, is time to proceed with the last question of this part of the AMA. Good things are short-lived.

Andrés M. | Satoshi Club: Thanks for the offer, Satoshiclubbers don’t lose this opportunity

Q6 from Telegram User @Cheriemike

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%?

CK_PGD (Will not DM you first): Wafunif.org

CK_PGD (Will not DM you first): https://twitter.com/WAFUNIF/status/1433018493243428869

Andrés M. | Satoshi Club: I am happy to know you care about LATAM countries

www.proto.gold: Everyone holding Law would be able to vote on what charity causes we should support. Remember, proto.gold isn’t about a single person making decisions, but instead about providing everyone a voice

Gold Rocket | Satoshi Club: this is true

CK_PGD (Will not DM you first): We certainly do.

Having experienced some of the poorest parts of the world firsthand has inspired us to help change the course of action and to secure the charity donations arrive safely at the point of need.

How better than to provide secure tech and implement it on a top-level?

Andrés M. | Satoshi Club: Very noble cause, applauds for your initiative

www.proto.gold: I think one of the essential parts of our charity is that we insisted to our United Nations partners that it would be hands-on charity. That means we want to deliver any goods directly, to make sure the help ends up in the right hands.

www.proto.gold: One of the contractual obligations that WAFUNIF has is to assist with onboarding many more United Nations organizations.

Andrés M. | Satoshi Club: Thank you for your detailed and clear answers, it has been a great time in this first part of the AMA😃

Part 2 — live questions from the Telegram community

Q1 from Telegram @Gemshunter22

For a new comer in your group how can they buy your token ? Will you support blockchains like Eth,  in future?

CK_PGD (Will not DM you first):

We will be a cross chain platform currently you can join us on pancake swap: .Swap Proto on Pancake Swap: https://pancakeswap.finance/swap?inputCurrency=0xB9DF47C637D481aF168Ff5E13D9a4b1e5874b6f8 / SET SLIPPAGE TO 11-12%

Q2 from Telegram @Ajpaa

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?

www.proto.gold:

Q3 from Telegram @Crypto_84

I Heard that Proto gold regulary hold some mini- game in its Telegram Channel,

What kind of mini-games happens in the group?

Is there any mini- game schedule?

CK_PGD (Will not DM you first):

This community made initiative have been supported by the Core members and are now a part if our weekly plans.

Tuesday – live Quiz

Friday – triathlon ; puzzle, hangman and “surprise”

Sunday – Word scramble.

100 proto for each correct answer.

2000 accumulated grants a possible withdraw.

Q4 from Telegram @lm10995

Do the token holders have right to the participate in the governance of the project? On what kind of decisions can they vote on about the project?

www.proto.gold:

Anyone holding Law is part of the governance. After the community adds Law on Pancakswap, it would be available for everyone to join our governance.

Q5 from Telegram @King_Raja

For users Trust & assurance,Can You tell How much token does the team have & what will it the unlocking time for it?

CK_PGD (Will not DM you first):

15% of the tokens are allocated to Core Members and they have a 2 years lock and vesting period. And with our ProtoLock dapp we will be able to further lock our tokens. A solution I personally will initiate.

Q6 from Telegram @cryptofollower

How can you provide cheap airdrops with ProtoSpaceDrop feature? How much gas can you reduce the cost of sending airdrops to 100k people? How this system works?

www.proto.gold:

Essentially, we managed to innovate the concept of airdrops and created something no one else made before. But still in a decentralized way.

Q7 from Telegram @tomo_fan

Proto Gold announced its First Community Driven Contest in June month, since tbhen I dont see any Contest,Do You plan to start any contest any time soon?

CK_PGD (Will not DM you first):

We sure do. When our Rebrand has been finalized we will have some amazing contests. Follow our TG and Twitter for the announcement:

Telegram:

https://t.me/Proto_Gold

Twitter: https://twitter.com/Proto_Gold?s=09

Q8 from Telegram @yellowchamp

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

www.proto.gold:

This is an excellent question, and thank you a lot. Our developers consist of many former talents such as past auditors, etc. Safety means a lot to us, or else we wouldn’t be able to sign contracts with Sovereign Republics, and other large entities

Q9 from Telegram @DK177

✅ You have a slogan,  BY THE PEOPLE. FOR THE PEOPLE  . Can you please explain the meaning of this? What do you mean by  BY THE PEOPLE  ? what is the meaning of  FOR THE PEOPLE  ? How does this idea make your project unique?

CK_PGD (Will not DM you first):

We came to crypto just like all of you: as interested people in blockchain technology, we then experienced most of what all of you probably have; the bad and the good. In 2020 we chose to create our own ecosystem to rid the space of the bad actors andprovide a safe environment, an environment we would have dreamt of when we entered this space. It also means that we want everyone to be able to participate. Therefore we chose BSC which has a small transaction fee. With transaction fees of around 1$, we can welcome most of the world no matter their financial state.

Q10 from Telegram @csgonub

When can I get my 1000 Proto when I make swap with BSC?

CK_PGD (Will not DM you first):

It is possible to withdraw the rewards when you reach 2000 proto in the reward pool, the “bonus Super offer” will make your reward pool start at 1000 proto.
 This is the current leader board:
Current Leader Board
@Spiderteenx : 3900PROTO
@Luka1611: 2900PROTO
@KlausOpen: 1300 PROTO
@Prisca_T: 1000 PROTO
@kierantierney12 : 1000 PROTO
@mike_fast : 800 PROTO
@diffr3: 400 PROTO
@higgy93 : 300 PROTO
@I_Gold_U_SOOOO : 200 PROTO
@dImmutable : 200 PROTO
@peter_loftus : 200 PROTO
@NI4549: 100 PROTO
@Giftyjoseph : 100 PROTO (3000 PROTO WITHDRAWN)
@Luizzzo17 : 200 PROTO (2000 PROTO WITHDRAWN)

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Proto Gold Fuel (Ck-pgd). They’ve prepared 4 questions for this part. The total reward pool for 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:

Proto Gold Fuel (Ck-pgd) Website – proto.gold
Proto Gold Fuel (Ck-pgd) Telegram – @Proto_Gold

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 XRoad and our guests were @hideken2 – representatives of XRoad. The AMA took place on the 5th of September.

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 XRoad! Welcome to Satoshi Club😀

D. | Satoshi Club:
Today our guest – @hideken2 ! 👋

Hideki Fujii:
Hello, everyone! My name is Hideki Fujii.
I am a leader of the project called XRoad initiative.
It is a great honor for me to explain the project in detail.

D. | Satoshi Club:
Welcome to Satoshi club!🚀

Hideki Fujii:
Thank you!

Mary | Satoshi Club:
Hello, we are happy to e-meet you today 👍

Hideki Fujii:
I have a strong background in technologies especially in the Fintech space (over 20 years).
I have managed several insurance companies as a senior executive at AIG, Prudential, MetLife and Zurich. I was also a senior partner at EY which is a global consulting firm and a CEO at Pactera consulting which I founded in 2015.

Based on the past experience, I found a smashing idea of starting this project which could change the world and make the world a better place when I met several great projects of the crypto asset industry.

1 Background

There are many great projects in the crypto-asset industry.

One example is Defi, which began with the idea that it would be interesting to implement a DAO like Defi in society.

Mary | Satoshi Club:
Yes, that was a great idea!

Hideki Fujii:
Thank you indeed!

In order to do so, we needed a mechanism to exchange data accurately, a mechanism to classify (score) data,
and a concept like DAO, which is now in widespread use, and the crypto asset industry has all of these.
The crypto asset industry has it all, and we started with the belief that many of the technical aspects are already in place.

Since the current crypto asset industry and digital industry is not ready for everyone to use,
we believe that in order to realize the concept of legal compliance and at the same time for everyone to be able to use
it safely, we need a way to manage personal information and a mechanism to return the reward from that information
to the individual. I came up with the idea and started the current project about three years ago, aiming for digital inclusion.

Mary | Satoshi Club:
So, i see that you’re deep in tech and clearly see all problems in crypto and are looking how to improve this space!

I like this visualization on your site!

Hideki Fujii:

2 Our vision and passion for achieving it

We named our company X (cross) Road to express our desire to be a road where various projects and stakeholders cross.

Our vision is to apply the many great projects in the crypto asset industry to the real world. We aim to be the crossroad between the crypto asset industry and the existing industry. We aim to provide a mechanism to collect real-world information and feed it back to the real world, called Oracle, and to provide society with an extension of the already existing DAO concept, such as Defi, through Oracle-based scoring.

3 Our challenges (What kind of social issues or problems does the project solve?)

Our goal is to create a global finance system. We hope to be one of the means to realize the SDGs, which aim to eliminate poverty from the world while at the same time being sustainable.

There are contradictions in the world’s current monetary system. Fifty years have already passed since the gold standard was abolished in 1971, but currency is based on the belief that what is actually worthless has value. In this project, we aim to solve this contradiction by copying the real world into a virtual space and redesigning or optimizing it. We will reconstruct the real world into a virtual space using Oracle and scoring, and create new value using an autonomous decentralized approach (DAO).

Specifically, we would like to reproduce the value of the real world in the virtual space using the NFT technology that has already been introduced (the GDP of the earth is about 9,000 trillion yen, but we aim to achieve the same level of economic scale).

Mary | Satoshi Club:
Who helps you realize all your goals? Who is in the core team?

Hideki Fujii:
We have talented members and let me explain later on.

By doing so (making the digital space truly valuable), we aim to realize a more stable financial system (based on the value of the digital space as well as the real world) and prepare the ground for the emergence of a more stable global currency.

Mary | Satoshi Club:
Sure!

Hideki Fujii:

4 Business model

In a nutshell, it is a model that constructs a metaverse (assuming multiple metaverse can be constructed) and provides various financial services (so-called DAO or Defi) based on the value of the metaverse.

We would like to provide various services in stages, but for the time being, we would like to realize a model in which every event in the real world is reproduced in the metaverse using NFT, and in the metaverse, we would like to provide autonomous decentralized (DAO) services based on scoring (feature values).

The service that we plan to announce as a business model (revenue model) in the near future will be the NFT market. In addition, we are planning to announce our own DAO (Defi) type service.

5 Our strategy for scaling our business

As for key strategy, we believe that an important growth factor for XRI is the effective utilization of business alliances.

We want to be able to utilize the results of our technologically superior crypto-asset projects as much as possible, but we also place importance on effectively utilizing alliances with existing groups of companies that are influential in our business.

In fact, we are planning to form alliances with promising companies and celebrities in the future, and we believe that we will be able to quickly increase our name recognition, and at the same time, the services we provide in the project will be utilized in a short period of time.

Since the concept is to develop a virtual space, we are not competing with existing companies in this area, so it is important that we can become a leader in this field. The key to scaling the business is to quickly become the leader in the business domain of virtual space development, which is XRI.

6 The biggest obstacles to making this XRI project a reality

Considering the future roadmap of the project, we believe that the biggest challenge will be to coordinate with the intentions of each country (if possible, to create a cooperative system), as seen in the case of Facebook’s Libra initiative.

This is also a challenge for the entire crypto asset industry, and we would like to take on the challenge to overcome it.

On a global level, if the technology of Defi, which is currently available, can be used correctly on a national level, it will be possible to make more effective use of the funds on the planet, and it will be possible to develop infrastructure in developing countries with support from the payrolls of developed countries, while paying taxes to the developing countries themselves.

This is a way to realize the SDGs. (We believe this is a shortcut to the realization of the SDGs. We believe that the goals and visions of the regulators of each country and the direction of XRI are in line with each other, and that we can create a cooperative relationship, but we believe that the biggest challenge will be whether we can actually achieve this.

Mary | Satoshi Club:
👏

Hideki Fujii:
Thx.

Mary | Satoshi Club:
So, please tell us now about XRoad team😀

Hideki Fujii:

7 Our competitors

X Road’s vision is to further develop the crypto-asset industry.
Therefore, as we believe that there are many great projects out there, we would like to actively partner with them in the future. What sets us apart from other projects is our commitment to legal compliance, obtaining KYC certification, and creating a platform that can be used by people who have been outside the virtual currency industry.

I will answer shortly!

Again, we named our project “X (cross) Road” to express our desire to be a road where various projects and stakeholders cross.

Our team
Let me explain our team. I am proud of our strong and talented team.
We have a strong team consisting of various backgrounds. For example, a member has a strong academic background. He is a doctor of psychics. Our law team members are from global law firms. The other members are experts for arranging financial structures and transactions globally.

8 Partnerships

Let me explain some cases of partnerships.
Firstly, Jasmy and I have been discussing the possibility of a business partnership for some time now, as we have a lot in common in terms of the vision we are aiming for. We plan to announce specific details in the future, but we are considering first conducting a demonstration experiment to provide a decentralized service for an individualized data management system that utilizes Data Locker.

We are currently developing our own wallet (to manage crypto assets and other XRI-related assets), which will be released soon. It can be accessed via the Internet. The difference between this service and existing storage services is that it is designed to be managed in a decentralized manner, and we aim to distribute and encrypt the data using our own distributed technology.

We are planning to use the technology of our partner Jasmy, who is ahead of us in this area (and has invested a lot of R&D costs). We are also researching the technology (secret calculation) to perform the necessary data processing (scoring, etc.) while encrypting the data, and are planning to form a business alliance with a company that possesses the technology.
We would like to discuss various use cases with Jasmy and other related partners and implement them, so please stay tuned.

Secondly, with regard to our efforts with eGame, we are aiming to develop our own decentralized gaming platform by building a mechanism to share oracles with eGame. In this unique decentralized gaming platform, we would like to implement a system that allows players to enjoy playing games with professional eSports players with a precise handicap. We have already applied for a patent for the idea of a unique gaming platform, and we plan to complete the creation of a unique and decentralized gaming platform around the world. The details of the concept will be discussed and progress will be announced periodically.

9 Token listing at Coineal

We are pleased to announce that we have reached an agreement with Mr. Woo, the global CEO of Coineal, to collaborate on various future initiatives. Specific details of the partnership will be announced in the near future, but it will include new proprietary initiatives such as NFT(already announced) and Defi, as well as initiatives utilizing Coineal’s upcoming Mainnet.

As for NFT market, we call the new market place SAKURA NFT PLATFORM.

10 Marketing strategy

We are considering utilizing the global strategy of EGI, our (XRI’s) partner. Specifically, we are considering expansion into Europe (Switzerland) and New Zealand. In the area around Japan, we hope to expand into Southeast Asia such as Vietnam and South Korea, where Coineal has a strong market, as soon as possible.

11 Our milestones

We have two milestones in mind for the next six months: the opening of the NFT market is targeted for October 1st, and the realization of our own Defi model is scheduled for January next year.

We are planning to launch our own Defi model in January next year, using our tokens on the proprietary mainnet being developed by our partner Coineal. In addition, we are currently in discussions with Jasmy, with whom we recently announced a partnership, and we plan to conduct a demonstration experiment of our own service utilizing Jasmy’s strengths by the end of this year.

12 Short term roadmap (NFT services)

As a short time roadmap or goals, we are currently working on two types of NFT services: first, we are negotiating with celebrities to offer their autograph rights to our NFT market.

The second is the development of the metaverse. We believe that the metaverse needs a worldview and characters, so we are currently negotiating with creators to design a variety of metaverse art. Since the development of metaverse requires time and money, we aim to make the NFT market a place where we can test what kind of metaverse there is a need for. Naturally, we will aim to actually develop and release some of the metaverse projects. If the Metaverse is successful, we would like to consider a mechanism that would benefit the early purchasers of the Metaverse titles.

We will gather content around business partnerships. What is attractive to business partners is that it is an unprecedented funding scheme. In parallel, we are considering providing our own content, but basically we want to focus on developing content through business alliances. There are three model plans.
(1) This plan is based on the premise of real estate development, and we are considering using a large-scale (180 acre) project in Japan as a model case to build a track record.

(2) This plan is based on the use of movable assets, and we are studying the model of converting business-use movable assets into NFTs and operating them. Although we are not sure if we will be able to realize it, we are studying a scheme to convert excavators used in gold mining in Africa into NFTs and operate them.

(3)The NFT market (SAKUFA NFT PLATFORM) is scheduled to open in the near future, and we are also researching the possibility of creating an NFT model for projects such as celebrity concerts. All schemes have one thing in common: NFT and management (governance), so we are working on the NFT+DAO (Defi) model while making adjustments to make it legally effective, as the laws and regulations that apply to it vary depending on the actual project.

13 Business model on Gold Debit

Other than NFT market opening, Gold Debit is another important initiative for us.

Currently, we are mainly negotiating with celebrities in Japan. We are also negotiating with people from Japan who are active in the world to cooperate with us. Outside of Japan, our team has close ties with Vietnam and Korea, and we are planning to negotiate with them to become influencers.

14 Business model detail on Metaverse

We call it a virtual town, or metaverse, and we have two major revenue models in mind.

The first one is a game. The metaverse has a worldview, and we want to make sure that people can enjoy the metaverse as entertainment and grow. We are thinking of researching and applying billing methods in the game world, but basically we are thinking of using business alliances to achieve this. (We have already started negotiations with some of famous gaming companies and creators)

Another important thing for our game is that we would like to implement the concept of earning money from the game . We are referring to Axie Infinity, the first famous game in Vietnam, and we will continue our research to realize play-to-earn. The other is business.

Facebook has recently mentioned business using the metaverse, and CEO Zuckerberg has announced that in the next five years, Facebook will be a company that does business in the metaverse. We, too, believe that the metaverse has unlimited business potential, and we would like to create our own economic zone in the metaverse space. We aim to implement advertising and EC, which are the easiest to understand and the mainstream of the current Internet world, in the early stages, and to realize a unique finance model backed by the value of the metaverse.

16 Project Finance

We do not have any VC investment at this time. As our business expands, in addition to VC funding, we have team members who are strong in financial structuring, and we plan to raise funds by setting up our own funds in Micronesia and other countries. We also plan to raise funds through partnerships with leading sponsors.

17 Conclusion

In order to stabilize the price of XRI tokens, we are currently working on three major initiatives to stabilize the value of XRI tokens.

The first one is the use of gold, which we have already announced, and the Gold Debit NFT, which will reflect the value of the NFT and the value of gold in the XRI token. We intend to create an economically stable exchange model between XRI tokens and Gold Debit NFTs.
The second one is the creation of a fund. We are working to secure liquidity by creating a fund that invests in XRI tokens through private placement.

The third one is that we are working on our own Defi, which we are planning to launch at the beginning of the year, in addition to our partnership model with Coineal. We aim to create a scheme to stabilize each other’s value by creating a currency mix with multiple virtual currencies that are already recognized for their value.
We are currently negotiating to partner with other tokens with high liquidity, and will make an announcement as soon as it is decided.

Thank you for reading our presentation today.
Our project is really unique. Firstly, we have strong partnerships already and announce partnerships with famous companies in the near future.
Secondly, we can make use of gold, NFT assets, metaverse economics, and other partner tokens for ensuring our token value
Thirdly, we have YOU (i.e. strong promoters)

Be the change you wish to see in other people. Mohandas Karamchand Gandhi

End of my presentation, Thank you indeed, everyone!

Mary | Satoshi Club:
And thank you! It was incredible 👍 so many useful info🚀

D. | Satoshi Club:
Big thank you for an impressive intro! 👏👏👏if we can call it ‘intro’ 😄you gave us a very deep overview of your project 👍

Mary | Satoshi Club:
But we still have questions from our community for the first part😀

@hideken2 ready?

Hideki Fujii:
Yes, why not!

D. | Satoshi Club:
I think all those questions were already answered in one way or another 😄

👍

Let’s goooo!

Q1 from Telegram user @Cheriemike
Data privacy is one of the main limitations of blockchain and on a public blockchain,new participants can join the blockchain network freely and access all the information recorded on the blockchain.Since XRoad is the Intersection for management of users data from off-chain to on-chain and back,How do you ensure confidentiality of the data stored on a blockchain?What solution have you provided to preserve the privacy of users on your platform and with what benefits? Thanks

Hideki Fujii:
We will not put all sensitive personal data on a public blockchain for sure. Please bear in mind that it is still in a design stage. We plan to publish either generic enough information or public keys that allow service providers to verify users’ identities. Service providers pay to get your permission to link your data and what’s on the blockchain for their business.

Mary | Satoshi Club:
What about your platform security? Did you pass any audits?

Hideki Fujii:
Not yet, but we will get audited in the near future when it is ready

Mary | Satoshi Club:
We will wait for the results 🙂

Thank you for your answers! Ready to proceed?

Hideki Fujii:
Yes, please.

Q2 from Telegram user @DK177
You have allocated a 20% portion from your total supply for token sales. However, there is no information available on a private sale or a presale. What are the utilities of this allocated token amount? To whom do you sell the tokens? Can’t the community buy your token before listing it on an exchange?

Hideki Fujii:
Our token, XRI, is already on Coineal for you to buy. Actually we have not sold 20% of the tokens to others yet. We hand pick people who will hold the token for the long term only to avoid strong sell pressure in the short term.

D. | Satoshi Club:
So you not planning any token sale?

Mary | Satoshi Club:
So, that tokens will be locked for some period?

Hideki Fujii:
No, and we will think token bulk sales in the near future and as for some tokens, they are locked (i.e. reserved)

Mary | Satoshi Club:
👍

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

Hideki Fujii:
Yes!

Q3 from Telegram user @Jonahapagu
One of the most relevant parts of Xroad is the XRoad Locker which will allow users to own their data and decide how data is used, This is said to include control over What information of theirs is registered, Which service providers have access to the data, What data to disclose to specific service providers, and the value of the disclosed data to providers… So how will users be able to access and use the Xroad Locker for each of these mentioned actions, what will be the requirements, and will all users of The Xroad Locker be able to carry out all of these actions, or will some be reserved for those who might belong to a premium group of individuals, what will users of the XRoad locker get in return for their Data and information, and what will be the gain of Xroad when users sell their Data using your platform.

Hideki Fujii:
We will build an app for data locker access from your device. There are no pricing groups for intended classes of services for the time being. Our business model is to get paid from service providers to access your data. Hopefully there are no or at least very little fees on users. We may start with an app which is centrally managed, but plan to make it decentralized so that some of you may join operating nodes to gain additional benefits.

D. | Satoshi Club:
When do you planning to launch that app?

Mary | Satoshi Club:
Can you tell us more about additional benefits?🙂 How user can join operating nodes? Is it easy process?

Hideki Fujii:
We are trying to release some apps this year-end as a beta version.

As for operating model, we are studying now, therefore please wait but we’d like to be simple and easy to use and access for any user.

D. | Satoshi Club:
Got it! we will wait 😊

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

Hideki Fujii:
Yes!

Q4 from Telegram user @Arisabela
I was reading about the XRoad’s decentralized storage and I understand that initially the data will be encrypted and then splitted and distributed among multiple nodes, so how secure will this mechanism be against external attacks? Considering that data will not be encrypted at the end of the process, how secure is this storage among nodes? Who’s in control of this process?

Hideki Fujii:
Users are in control, and only allowed service providers can read corresponding data. Owners of storage nodes cannot understand what the data mean as they do not know how the data split and encrypted.

Mary | Satoshi Club:
That’s great! Did you already tested everything? Or tests are ongoing?

Hideki Fujii:
Not yet, We are planning to conduct an initial test with Jasmy (our partner).

Mary | Satoshi Club:
Nice! Hope you will get only positive results!

Hideki Fujii:
Thx.

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

Hideki Fujii:
Yes

D. | Satoshi Club:
Thank you for your answers! let’s move onto the next question😊

Q5 from Telegram user @victorogb
At some point during the XRoad project development; precisely Q4 2021 to Q1 2022, XRoad would start it’s Gold Debit Credit service in Japan and gradually expand these services to East Asia, and also start a DeAD (decentralized advertisement) service. Even as these services are innovative and highly commendable, can you shed some light on them, what exactly is the “Gold Debit Credit” service, and why have you specifically chosen Japan for its launch? Finally, with plans to starting a DeAD service by the first quarter of next year, how best will you structure these services to the benefit of prospective clients, businesses, and consumers?

Hideki Fujii:
The reason why we chose Japan for Gold debit launch is that we have connections to purchase an adequate amount of gold from Switzerland. Also there are many foreign workers there, and so they need a service to send their ‘money’ to their families overseas. Gold debit is like a store of value backed by gold. Historically it was like that but abandoned. We try to revive it.For DeAd, we are in talks with ad agencies for better deals. We may start with a centralized service, and later switch to smart contract based service for automatic ad viewing fee calculation for all relevant parties.

Mary | Satoshi Club:
Do you plan to add more countries?

Hideki Fujii:
Yes, we plan to expand our services to Vietnam and South Korea shortly once it gets ready.

Mary | Satoshi Club:
That’s nice! One day your services will be available worldwide 👍

Hideki Fujii:
I hope so!

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

Hideki Fujii:
Yes!

Q6 from Telegram user @Asela1112
Recently you have announced a long term partnership with COINEAL Exchange & XRoad ($XRI) already listed in COINEAL. Along with this Collaboration, XRoad is going to build a NFT market. So Could you please give more details about this Partneship with COINEAL Exchange & about the Upcoming NFT marketplace with COINEAL? In which manner will XRoad discover the final destination of XRI through this Long term partnership with COINEAL Exchange? How did this partnership impact on scarcity of Your Community?

Hideki Fujii:
We plan to open the NFT market in Oct or so. The great aspect of the partnership with Coineal is their large user base. We hope to put attractive NFTs for them and our token to be used there to buy NFTs.

D. | Satoshi Club:
Can you give us some info about your upcoming partnerships?😉or it’s a secret for now 😇

Mary | Satoshi Club:
It will be the only payment option or users will have a choice?

Hideki Fujii:
As for partnerships, we are under negotiations, so it is secret for the time being.

D. | Satoshi Club:
😉

Hideki Fujii:
As for the payment options, we are starting from famous tokens such as BTC, ETH, USDT, and we will add our token of XRI.

D. | Satoshi Club:
Good for start 👍

Hideki Fujii:
Thx.

Mary | Satoshi Club:
I like your strategy 👍

Hideki Fujii:
Smashing at

Ta sorry.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @King_Raja
What are the opportunities user will get on NFT social Park?
What kind of NFT’s will be there?

Hideki Fujii:
Japanese celebrities such as sports players, classical music players, etc.

Q2 from Telegram user @Mercury654
I am impressed by your project name ” XROAD “
Can you tell us the reason to choose this as a project and is there a specific
meaning to the “ROAD” used in the project name?

Hideki Fujii:
Road where digital and physical world cross.

Q3 from Telegram user @vedamatrix
After the Gold Debit Credit service do you plan to add more like Silver and Platinum?

Hideki Fujii:
So far, Gold only thank you.

Q4 from Telegram user @Ratash97
Can you tell us how the xroads oracle verify and authenticate the data?

Hideki Fujii:
We will implement DAO model. We will ask everybody to check with the incentive model.

Q5 from Telegram user @Saif12123
Can I purchase your tokens right now and also which wallet supports your token?

Hideki Fujii:
Yes, you can buy it at coineal and our token in on ERC20.

Q6 from Telegram user @Crypto_84
I see The team & Project is from Japan,
Are you Focusing in Japan only or your aim is to cover globe?

Hideki Fujii:
Our team is basically Japan base but our scope is not only Japan but global.

Q7 from Telegram user @alptrader
Can you explain us and how can you convince us that XRoad will not exit scam and rug pull token on us?

Hideki Fujii:
We are already designing some of the systems and going to have a testing phase soon. Additionally, we are going to release NFT platform next month.

Q8 from Telegram user @Rose_b21
XRoad is using blockchain technology and the Xroad Locker is designed with the core belief in user-controlled data. For the sake of user’s convenience, how can they have control over particular service providers which have access to their data?

Hideki Fujii:
Users can select service providers. Users can select which services they want to use and stop using.

Q9 from Telegram user @pope10007
What is the motivation for you to create the project? Do you want the project to achieve achievements in the future?

Hideki Fujii:
Be the change you wish to see in other people. Mohandas Karamchand Gandhi
Please join us!

Q10 from Telegram user @Kargil1999
Xroad did a Partnership with Coineal, How it’s going to help Xroad in its future development?

Hideki Fujii:
We will collaborate coineal not only with NFT but original mainnet and Defi please stay tuned.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of XRoad. 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
XRoad Telegram community: https://t.me/xroad_initiative
Twitter: https://twitter.com/XRI_Ltd_info/
Website: https://exroad.io/?ltclid

We were delighted to welcome our guest from CAG3. The AMA took place on September 4th, 2021 and our guests were @bakreemah and @YHWH_is_King1

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

 Gold Rocket | Satoshi Club: Hello, dear Satoshi Club! We are pleased to announce AMA with CAG3!😊

Gold Rocket | Satoshi Club: Today our guests are @bakreemah and @YHWH_is_King1

Andrés M. | Satoshi Club: @YHWH_is_King1 and @bakreemah welcome to Satoshi Club, is a pleasure for us to be your host today 😃

Samuel | Will Never PM you first|: Hi thank you, glad to be your guest today😊

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, guys!

Gold Rocket | Satoshi Club: How are you doing😊

Samuel | Will Never PM you first|: Thank you Gold

Samuel | Will Never PM you first|: Very fine, how about you and this wonderful community?

Gold Rocket | Satoshi Club: We are really excited about upcoming AMA😍

Gold Rocket | Satoshi Club: Let’s start! Introduce yourself please. How did you get to be involved in crypto & CAG3

Gold Rocket | Satoshi Club: Tell us please about your position in  CAG3

Samuel | Will Never PM you first|: Thanks

Got into crypto in late 2016 through a friend who suggested it to be a form of payment for an online business we were involved in. With C4G3, I’ve known the core team for some time and we’ve been brainstorming ideas on how to improve the meme ecosystem and take it to another level.. After sharing a few ideas and looking at the potential and what the future holds, I decided to be part of it.

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

Andrés M. | Satoshi Club: What is the meaning of C4G3?

Samuel | Will Never PM you first|: This is a breakdown of the current team and some have already passed KYC

Core Team: 4 (Developments).

Volunteers: 3(PR, Marketing, etc).

Volunteers will be dissolved once everything is handed down to the community, they may continue with helping the project if they wish.

@bakreemah who is here with me is part of the core team too

Samuel | Will Never PM you first|: C4G3 is a meme spelling of the word CAGE

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

Andrés M. | Satoshi Club: Oh got it.

Samuel | Will Never PM you first|: Ready………..❤️

Q1 from Telegram User @Billz120

On C4G3 (TOKENOMICS)- I understand it stands quite apart and goes against the grain of typical meme tokens. With a fixed supply and no transaction tax, C4G3 is not Deflationary.we are equally made to understand that C4G3 Token by design doesn’t follow the current and common trend. This is very interesting to hear. Could you please tell us enthusiasts what particular trend unique C4G3 applies in blockchain as the utility and governance token for a meme Index protocol that is an equally-weighted index token of top and tradable meme tokens?

Samuel | Will Never PM you first|: The team decided to make the C4G3 token a simple ERC-20 token. Honestly speaking, that’s how normal ERC-20 tokens are meant to be as composed by @feindura one of the Ethereum core Devs and Vitalik.. Tokens with taxes have some downsides and we didn’t want to add that to the the set already available in the pool. C4G3 is a governance token, initially governing the CMI and subsequent index pools in the future. It can also be used to mint the CMI.. It’s the only irreplaceable token in the index and if any new index gets created, C4G3 will be an automatic addition. Thank you

Gold Rocket | Satoshi Club: thanks a lot for the answers! please share your tokenomics with Satoshi Clubbers

Samuel | Will Never PM you first|: There you go https://docs.cag3.io/tokenomics

Gold Rocket | Satoshi Club: Thanks for sharing 😊

Gold Rocket | Satoshi Club: Ready to proceed to the next question?

Samuel | Will Never PM you first|: Ready..😄

Q2 from Telegram User @Emnking

CAG3 as a community driven project have organized a CAG3 Shillers Volunteer platform where CAG3 will share certain responsibilities with the community in order to enhance maximum community participation in an organized manner. Can you tell me the benefits one will get from being a CAG3 Shiller? What are the processes involved in being a Shiller volunteer? Is this the same an ambassadorial program? What are the requirements for users who’re willing to be a part of this project?

Abu-Bakr: Hello Everyone!

Sorry am late! Got held up in a traffic.

Gold Rocket | Satoshi Club: Hi! Nice to e-meet you

Abu-Bakr: Thank you! Nice to e-meet you as well

Andrés M. | Satoshi Club: Don’t worry, welcome to the AMA

Samuel | Will Never PM you first|: The volunteer group can be considered as an ambassador program even tho there are no certain terms or rewards spelt out but the team will certainly reward active and volunteers who put in great efforts to help push the ecosystem forward. Currently the only requirements are your interest in what we are building and if you have any skills..

Here’s a form every interested person can fill to get involved

https://forms.gle/XrJTpodGmrHj7Lqt5

Andrés M. | Satoshi Club: Are you planning more similar events?

Gold Rocket | Satoshi Club: Satoshi Clubbers 😊 please pay attention

Abu-Bakr: First, this is an ongoing events but may be closed soon.

Secondly, Every member of our community can promote the project in there own possible ways, this is built for the community.

Gold Rocket | Satoshi Club: Thanks for clarifying ☺️

Andrés M. | Satoshi Club: Great job, community is the pillar of each project

Abu-Bakr: Exactly!

Andrés M. | Satoshi Club: Thanks for the answers, ready to go with the next question?

Abu-Bakr: Yep

Q3 from Telegram User @Asela1112

You are going to launch CAG3 MASTERS (NFTs) on Phase 04 of your Roadmap. CAG3 as a Meme Index platform, how will you bring this event in to your ecosystem? Will you allow your index platforms (Meme tokens) to present their NFTs within CAG3 platform? How about the real world benifits of CAG3 MASTERS NFTs? Will your team only create NFTs or do you allow CAG3 community artists to create NFTs? And how about the NFT price evaluation, Do you have a idea about that already?

Abu-Bakr: All things regarding the NFT as indicated on the roadmap are yet to be finalized, since the entire NFT ecosystem is going through series of development, we will not make any decisions until we have been able to explore all options, this will determine the form which our NFT is going to take.

One thing is certain though, CAG3 MASTER NFT will not be a joke. 🙂

Andrés M. | Satoshi Club: Could share us the whole roadmap?

Abu-Bakr: An example of this is the fact that there are numbers of L2 upcoming projects specifically designed for NFT ecosystem, we will want to benefit from this, so as a result, we won’t be making a final decision until we have been able to explore all alternatives that can greatly benefit CAG3.

Abu-Bakr: Sure, our roadmap can be found on cag3.io.

Gold Rocket | Satoshi Club: Thanks for sharing 🙂

Abu-Bakr: My pleasure!

Gold Rocket | Satoshi Club: Let’s proceed to the next question😁🚀

Abu-Bakr: Nice

Q4 from Telegram User @yellowchamp

Many DeFi platforms like Uniswap, Yearn, Compound among others have made decentralization a guiding priority and you intend to follow in those footsteps. You want to see a future where CAG3 finally becomes a community-owned and run project with all proposals made and decisions voted on or taken solely by the community. So,in what way that you will follow the footsteps of those mentioned platform as decentralization is their guiding priority? As we know that those platforms mentioned were already established their name in the market,so as a meme token what is the greatest potential of CAG3 to be more decentralized and also be establish in the market in upcoming time? If CAG3 will be a truly community-owned project,what will be the role of the team behind CAG3? Thank you

Abu-Bakr: Doge, Shib, Kishu, they were all initiated by a single mind, however, they became a community owned project all thanks to the efforts the community contributed to the development of the project. Nevertheless, the team/developers didn’t abandoned the project, what they simply did was create a big circle of working force or team, propelling the project even to a greater height.

This is the footsteps we also plan to flow.

In other words, Currently,  the main function of the team is to ensure the project function as expected, gets the exposure that is needed and guide new members willing to assist the team on how things are done, nonetheless, the team will always sort after advices from the community, seeking the best of opinions, once the project is fully matured, then the community takes total control with the team serving as mere supervisors.

Samuel | Will Never PM you first|: Decentralization as we know and see it has no peak. You can see some flaws in the Uniswap governance platform over the past few weeks but this is a new ground for cryptocurrency projects and we don’t expect all things to be perfect but we believe releasing the project completely into the community is the best way to make sure this project continues to thrive and a strong and vibrant community is the key. Some team members will still be there to assist especially with development. C4G3 will tap into the success of dear Doge and Shiba and that’s how we will establish ourselves.

Andrés M. | Satoshi Club: Looking your roadmap, specially the phase 4, staking. Could you tell us more about it? How high will be the APR?

Abu-Bakr: Again, at the moment, we can’t reveal much info on those as it depends on the trend of the current development. So we won’t want to say a thing now and change later. However, every information will be duely committed to the community way before execution.

Gold Rocket | Satoshi Club: Thanks for your answers

Gold Rocket | Satoshi Club: Ready for the next question?😊

Samuel | Will Never PM you first|: Ready

Q5 from Telegram User @Ajpaa

C4G3 is deployed on Ethereum blockchain with a decentralized ERC-20 token that will be used to govern the C4G3 ecosystem. Considering Ethereum high gas fee, why did you decide to use Ethereum protocol? What are your plans to scale the high transaction fee? Do you have plans to integrate other blockchain with lower fees with faster transactions like BSC?

Abu-Bakr: The protocol on which the Index platform will be launched is at the moment only on Ethereum chain. We understand how difficult it is for some to get along with eth fees, at this moment we are currently debating the best solution to give easy access to out ecosystem, more on that info will be communicated once a decision has been made by the team.

Samuel | Will Never PM you first|: Ethereum was chosen because that’s where the CMI is being developed. The fees have been quite outrageous and the team has taken notice. Can’t give any info right now but the team will work on a good and favorable solution for our community.

Andrés M. | Satoshi Club: Don’t you think high fees of the network could be a problem to the liquidity?

Gold Rocket | Satoshi Club: By the way, please remind us, where we can buy your tokens?

Abu-Bakr: Well, every project on ETH chain sures value the longevity offer of the chain over short term barriers. And yes it could be for the main time, but once CAG3 has been marketed the way we are planning, it won’t be.

Samuel | Will Never PM you first|: Our tokens can be purchased here

Uniswap (https://app.uniswap.org/#/swap?outputCurrency=0xf2ef3551c1945a7218fc4ec0a75c9ecfdf012a4f)

SHIBASWAP (https://shibaswap.com/#/swap?inputCurrency=0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce&outputCurrency=0xf2ef3551c1945a7218fc4ec0a75c9ecfdf012a4f)

TOKPIE: https://tokpie.com/view_exchange/C4G3-WBTC/

https://tokpie.com/view_exchange/C4G3-ETH/

Abu-Bakr: Our token can currently be traded on:

Uniswap, Shibswap, and tokpie exchange. Links can be found on this message: https://t.me/cag3_Index/85

Andrés M. | Satoshi Club: Great 👏

Gold Rocket | Satoshi Club: Thanks for your answers 😃

Gold Rocket | Satoshi Club: Let’s proceed to the next question🚀

Andrés M. | Satoshi Club: Pay attention Satoshiclubbers, an amazing gem here 😁

Q6 from Telegram User @Jonahapagu

CAG3 is said to be a community-owned project and that after some time the team will be implementing a governance system to give complete control of whatever has been built to the community, but In the initial stages, the team will be in control of key sectors of the project, especially development, till a time when the team will relinquish control on the project into the hands of the community…So what will be the features of your governance system and how do you intend to hand over complete control of CAG3 to the community, at what level of development or stage will the platform be completely handed over to the community

Abu-Bakr: To simply put.

It will be handled in not so diffiferent ways our predecessors have done it, we might add a few tweaks though.

Andrés M. | Satoshi Club: Good point

Andrés M. | Satoshi Club: Btw, what could you tell us about security? Have you done any audit process?

Abu-Bakr: Our current token $C4G3 was audited bu solidity.finance, and we will also audit our Index platform before mainnet deployment.

Part 2 — live questions from the Telegram community

Q1 from Telegram

Samuel | Will Never PM you first|: Yes that’s the perfect way to go about it. C4G3 is the governance and utility token while CMI is the index. There is a difference. CMI needs to be backed by the underlying assets before they can be in existence. If you check our tokenomics you’ll realize some funds have been set aside to get the assets that make up the CMI.

Q2 from Telegram @LuisPagulayan

What is all about your voting campaign at CoinCatapult? What is your purpose to gather votes? How does it affect your platform

Abu-Bakr: Voting on coincatapult helps in the following ways:

1. Test the strenght of our community support as early ad we are.

2. Get us listed on the platform. We believe every good exposures is better for the Project’s public awareness.

Q3 from Telegram @Korryl

this is 1st time i hear about C4G3 project and its looks great also promising, so can you explain to me where to get C4G3 Token? how about PreSale / IDO ?

Samuel | Will Never PM you first|: The sale already ended about a week ago and current the only ways to get it is to buy on Uniswap, Shibaswap and Tokpie

EXCHANGES

Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0xf2ef3551c1945a7218fc4ec0a75c9ecfdf012a4f

SHIBASWAP: https://shibaswap.com/#/swap?inputCurrency=0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce&outputCurrency=0xf2ef3551c1945a7218fc4ec0a75c9ecfdf012a4f

TOKPIE: https://tokpie.com/view_exchange/C4G3-WBTC/

https://tokpie.com/view_exchange/C4G3-ETH/

Q4 from Telegram @cenkkargin0666

Communities created in different regions for projects and with large audiences can provide different and interesting ideas.What are CAG3’s perspectives on communities and is there a region where it focuses specifically? What are CAG3’s marketing strategies and plans to reach non-crypto users in particular?

Abu-Bakr: As we have stated earlier, we strongly believe in community support, this is part of the reasons why we decided to have an AMA with different regional A groups.

Q5 from Telegram @Akira236

I see that $C4G3 is fixed at 100000000,

Do You plan to reduce the current supply?

If yes, when is that happening?

Abu-Bakr: For now, the supply is already circulating and fixed, so no plan for further reduction.

Q6 from Telegram @Prashantbgmi

You said that $C4G3 might become more scarce than most deflationary token, How will try to make it more valuable?

Samuel | Will Never PM you first|: By including it in more index pools that will be launched subsequently, it’ll become scarce since it’ll be the only automatic addition in all pools and also irreplaceable

Q7 from Telegram @tomo_fan

What were the main flaws did you get from the audited report by Solidity?

Were you able to Clarify it?

Abu-Bakr: No flaws were detected from the audit.

We also ran some internal audit before going public with the audit.

Q8 from Telegram @sophiejohnson1

NFT is very popular. Will there be CAG3 NFT integrations or enhancements?

Samuel | Will Never PM you first|: Yes there will be, we plan to make it more than just artworks as seen recently on the CAG3 Website – cag3.io
CAG3 Telegram – @c4g3Index market and a lot of research is being done, more information will be released in due time

Q9 from Telegram @King_Raja

$CMI token has been created to track the index assest, But actually how will it work?

Au-Bakr: Think of holding those five tokens together in a wallet 😁

Q10 from Telegram @mucana

WHY should a crypto newbie choose the CAG3 platform?

Abu-Bakr: Think of it as a fair way to invest in meme projects

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of CAG3 . They’ve prepared 4 questions for this part. The total reward pool for 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:

CAG3 Website – cag3.io
CAG3 Telegram – @c4g3Index

We are pleased to announce our next AMA on September 15th 2021 at 03:00 PM UTC Time: Satoshi Club x Umbrella Network

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

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

Part 3: 300$ – A quiz about Umbrella Network

For more details:
Umbrella Network Website – umb.network
Umbrella Network Telegram – @umbrellanet
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on September 8th 2021 at 03:00 PM UTC Time: Satoshi Club x Baanx

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

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

Part 3: 300$ – A quiz about Baanx

For more details:
Baanx Website – baanxapp.com
Baanx Telegram – @Baanx_BXX
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 Beyond and our guest, @Alexander_Kravets. The AMA took place on the 3rd of September.

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

Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We are pleased to announce AMA with Beyond😁 Today our guest is @Alexander_Kravets!

Alexander Kravets: Hi @GoldRocket27! Awesome to be here with everyone 🙂

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @Alexander_Kravets!😊

Andrés M. | Satoshi Club: Welcome to Satoshi Club Alexander, it’s an honour for us to have you here!

Alexander Kravets: Thank you for having me!

Gold Rocket | Satoshi Club: How are you doing?😊

Alexander Kravets: I’m good! It’s about 8pm where I am, have been traveling all over the world last few weeks, so I’m trying to figure out if it’s fall or summer – so busy these days @Beyond! How are you?

Gold Rocket | Satoshi Club: We are really excited to e-meet with you😍

Alexander Kravets: Likewise, it’s my pleasure!

Andrés M. | Satoshi Club: Really excited for this especial AMA session.

Gold Rocket | Satoshi Club: It means that you and I are in the same time zone, and Andres is now at lunchtime, it seems😁

Andrés M. | Satoshi Club: Correct haha!

Gold Rocket | Satoshi Club: You will survive with love and help from Satoshi Club😁❤️

Alexander Kravets: Well, let’s not bug him and hopefully I can make it to dinner 😀 Cool – where are you based?

Andrés M. | Satoshi Club: We are a team from different parts of the globe, I’m from LATAM for example😃

Gold Rocket | Satoshi Club: I’m from Ukraine. Odessa😍

Alexander Kravets: I’m in Kiev this week! Hope it’s still beach time by you guys.

Gold Rocket | Satoshi Club: It got a little cold, but real crypto lovers it never stopped😁

Alexander Kravets: Ibiza! Pump it!

Gold Rocket | Satoshi Club: Don’t tell my mom🤩😅

Let’s start! Introduce yourself please. How did you get to be involved in crypto & Beyond?

Alexander Kravets: So my name is Alexander Kravets, based primarily in the US, currently I’m the COO of a large multinational centralized crypto exchange. My background is 12 years at a regulated trading firm catering to high frequency traders, stock brokerage, trade clearing, trading software, market data, and retail brokerage systems. I’m a DAO member and advisor at Beyond, I joined as I’m excited about the possibility of bridging DEX functionality and synthetic instruments to make trading synthetic assets an opportunity worldwide.

Gold Rocket | Satoshi Club: Great background👍

Andrés M. | Satoshi Club: Long experience, wow👏

Alexander Kravets: I got involved in crypto by launching a trading firm around crypto data and execution in 2017 or so, totally jumped in – been a super fun ride since!

Gold Rocket | Satoshi Club: You felt the prospects very early👏

Alexander Kravets: It’s funny, we all think we’re late, and it’s STILL early! Only 100m people own BTC. We have way more upside.

Check this out – how the market has grown mathematically and exactly as designed. Upside 10m (10^7).

Gold Rocket | Satoshi Club: Yes, we are still at the origin of mass adoption😁🔥 And it’s really amazing and gives chance for us.

Alexander Kravets: Absolutely. It’s how the future will run – permissionless, decentralized, open, and inclusive.

Andrés M. | Satoshi Club: So, which year do you think we will reach 10^7 price?

Alexander Kravets: 4 years per ring on average, see the vertical axis at 12 o’clock. I’d say 2030. 1m in 2026 etc.

Andrés M. | Satoshi Club: I will keep this message, I’m completely agreeing with you😁

Alexander Kravets: One more and we have a crowd.

Gold Rocket | Satoshi Club: When did you buy your first bitcoin?😉

Alexander Kravets: 2017

Gold Rocket | Satoshi Club: And when sold😂 I am this summer😅

Alexander Kravets: Not selling!

Gold Rocket | Satoshi Club: You have iron nerves and strong faith😁

Alexander Kravets: Haha thanks!

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

Alexander Kravets: So Beyond Finance is a novel way to access synthetic assets, bringing traditional financial services to the global crypto community. Beyond’s DEX will simplify synthetic trading by overcoming the limitations of existing synthetic asset platforms. Beyond’s vision is to address the global unbanked problem, and provide democratic access to trading instruments – anyone can easily trade and issue synthetics via a decentralized platform, simply by connecting their blockchain wallet to Beyond.

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 Beyond?

Alexander Kravets: Sometimes it can take a long time – but not with Beyond.

It was created by experienced traders with backgrounds in traditional finance that thought synthetic platforms sucked and wanted to build a better one – so they did.

Raised 7m in a few weeks since there was a great product!

Launched token IDO in April and product mainnet launch was in August.

So moving forward it’s a better experience, lower cost with an updated chain, more stuff to trade, a launchpad (we call it BELP for Beyond Launchpad and there’s a Belpy the cat, it’s super cute) as well as lots of liquidity and gamification stuff.

Gold Rocket | Satoshi Club: You’ve chosen a great time to launch👍 Bullish sentiment I think played a good role.

Alexander Kravets: Good products get ahead sooner or later, but definitely a great time!

Gold Rocket | Satoshi Club: Absolutely agree!

Andrés M. | Satoshi Club: Could you explain a little more about what is a synthetic asset?

Alexander Kravets: So essentially a synthetic asset is a representation of a real asset that is not something you exchange or redeem to get the asset – you just trade it. There’s a price feed and a market. You can bet on the price of oil without buying oil.

Andrés M. | Satoshi Club: Oh perfectly explained, thank you.

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

Alexander Kravets: Team comes from global asset management, govt regulatory agencies, VC, investment banks, trading, management consulting – Goldman, UBS, Bain, Two Sigma, Singapore Ministry of Finance, Index Ventures, etc. Also founders and board members of top tier global exchanges. A few of the guys – https://bfinance.medium.com/introducing-the-team-at-beyond-finance-ba6b8b0af055

Growing quickly with major dev hires, ops, biz dev etc.

Gold Rocket | Satoshi Club: This means that the team is doxxed and public.

Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

Alexander Kravets: Let’s do it!

Q1 from Telegram user @Josegamboac:

Not all cryptocurrency traders are familiar with trading synthetic assets. Right now, these platforms suck: they are difficult to use, expensive, have difficult to understand mechanisms, and are illiquid. Beyond will make it easy and friendly to use, specifically targeting retail users around the world. How is Beyond working to make its platform user friendly? In what way will you go beyond to have liquidity? How will you allow a user not so familiar with the crypto world to access your platform?

Alexander Kravets: A few existing players are out there, but much more to improve as these platforms focused mostly on staking their native token.

There’s high costs, poor price tracking, low liquidity and lousy UI/UX, high collateral cost.

Beyond changes that – better UI, better liquidity, issuance of any asset, with a lower 300% collateralization vs a common 750%. There is also full transparency and we are transitioning to much more efficient chains.

Easy, cheap, more stuff, less cost, fast.

Liquidity we have proprietary market making and transparent price discovery, trading reflected on chain.

The whole experience is based around the common user. We just partnered with Klaytn wallet for example – their parent company is Kakao, owns Kakaotalk, 90m users – so these users who use Klaytn wallet will be able to use Beyond to trade synthetic assets.

Gold Rocket | Satoshi Club: Do you have a guide on how to start being a newbie on your platform?

Alexander Kravets: Absolutely!

Here: https://bfinance.medium.com/beyond-mainnet-faq-33a59726f9f5
And here: https://bfinance.medium.com/beyond-staking-guide-e1386b102db
The DEX is live – https://www.beyondtrade.io/market/market.php

Gold Rocket | Satoshi Club: Thanks for sharing😊

Andrés M. | Satoshi Club: What are the benefits into the platform for $BYN holders?

Alexander Kravets: So first, they get staking rewards when they stake BYN on the Beyond DEX.

There’s also LP rewards, trading fee rewards, BNY is a governance token so they can vote, launchpad coming, etc.

Andrés M. | Satoshi Club: Oh great, how high is the APY?

Alexander Kravets: Right now it’s several hundred percent as an intro.
I think a 120 day lock.

Gold Rocket | Satoshi Club: Sounds great!

Andrés M. | Satoshi Club: Thanks for your answers. Ready to go with the next question?

Alexander Kravets: Yep!

Q2 from Telegram user @Ajpaa:

The Beyond Mainnet launch 1.0 took place August 11th, also you have tentatively announced that Mainnet Layer 2.0 launch is scheduled for December 8th. What is the reason for this proposed upgrade and it’s advantages? What are the differences between the two of them? Are you going to be deploying new products and features with the launch of the Layer 2.0? If yes what feature/product?

Alexander Kravets: Very good question.

Mainnet was launched on Ethereum – so gas costs are high and takes a while sometimes due to network limitations.

Accordingly, 2.0 will be on a better chain for this – cheaper and faster.

Plus additional assets, chart studies, pricing, LP rewards, create your own asset, list private assets that aren’t trading yet (partnership with Lithium), launchpad, lots of other cool stuff!

It’ll approach centralized exchange functionality.

Gold Rocket | Satoshi Club: Which of these features are you personally most proud of?😉

Alexander Kravets: Haha how can I choose! Like which children I like the most. But generally having easy access to trade stuff securely and cheaply and quickly is the goal, and I’ll be proud when we hit it out of the park later this year.

Andrés M. | Satoshi Club: Haha we understand, thanks for clarify it.

Gold Rocket | Satoshi Club: Gotcha😁

Andrés M. | Satoshi Club: Let’s proceed with the next question.

Q3 from Telegram user @Jmagsss:

Actual and live prices of synthetic assets are difficult to determine and that is why oracle plays a big role in synthetic asset platform like Beyond Finance’s. For your market and platform, what oracle service provider are you using? Does Beyond Finance use third-party oracle providers? If so, would you develop your very own oracle in the future to access price feeds and data from different assets around the world?

Alexander Kravets: Beyond had partnered with Chainlink, the leading oracle – https://bfinance.medium.com/beyond-finance-using-chainlinks-industry-leading-oracle-solution-to-price-synthetic-assets-5e76c38e09a0

They’ve done a great job and so, we will focus on the trading part, while having them provide the best pricing data 😀

Andrés M. | Satoshi Club: Which other partnerships do you have currently?

Alexander Kravets: A bunch actually!

So Klaytn is huge – millions of users. Huobi invested and partnered with Beyond. So did OKEx. Lithium for listing private assets (things that aren’t traded in public markets).

Gold Rocket | Satoshi Club: In fact, all of your partnerships are with serious players in the crypto market.

Andrés M. | Satoshi Club: Important brands there👏

Gold Rocket | Satoshi Club: By the way, why did you name the project like that? is there any secret in this?😁

Alexander Kravets: I didn’t name it – but I guess it’s Beyond traditional finance – get it? Beyond🚀

Andrés M. | Satoshi Club: It makes sense😃

Gold Rocket | Satoshi Club: I love this concept👏

Alexander Kravets: Thank you! Yes, these are very credible organizations. They see the value and so do we – it’s a huge market. Decentralized synthetic assets = anyone anywhere can trade anything without giving someone their assets.

The Beyond team will execute, as they have been.

Q4 from Telegram user @DK177:

It is happy to see that The Beyond exchange offers loans. However, it has been indicated that we have to lock ETH and borrow ETHb or USDb. It is true that ETHb and USDb are faster and cheaper to transfer, but they have limited utilities and they are not available on popular exchanges. Why did you decide to offer loans with these tokens? There are many platforms that offer loans with our desired currency. Then why should I choose The Beyond to apply for a loan? What are the unique benefits you offer?

Alexander Kravets: The loan function hasn’t been finalized to my knowledge, but I would imagine that there would be competitive loan rates and high security. ETH and USD at Beyond should be quite liquid.

Look for more info on this soon!

Gold Rocket | Satoshi Club: Please do not forget to share with us😉

Alexander Kravets: I’ll bring it to the Odessa beach club, promise!

Gold Rocket | Satoshi Club: Do you want to add something to this question?

Andrés M. | Satoshi Club: Btw, could you share us your roadmap? We would like to know what else is coming!

Alexander Kravets: Of course, here it is!

We’re on track – launched mainnet, mobile coming shortly. Next, 2.0 version on HECO chain (partnership with Huobi). Loan and launchpad EOY. Plus gamification, leverage/inverse trading, lots of other stuff!

Gold Rocket | Satoshi Club: Yes, and you rush like a rocket🚀😁

Alexander Kravets: Boom!

Gold Rocket | Satoshi Club: Thanks for sharing😊

Alexander Kravets: Of course!

Andrés M. | Satoshi Club: A big ecosystem to the end of this year, incredible😁👏👏

Alexander Kravets: Honestly it’s a strong team – That is why I joined and invested as well. They have a strong understanding of trading that many in the space don’t and a background of executing projects.

Andrés M. | Satoshi Club: That generates confidence in the users.

Alexander Kravets: Yes, and the product speaks for itself.

Gold Rocket | Satoshi Club: Ready to proceed to the next question?😉

Andrés M. | Satoshi Club: Let’s proceed. Thanks for your answers!

Q5 from Telegram user @Highpee:

At start, your project will be controlled by what you called benevolent dictatorship by the team before transitioning into a DAO. How benevolent will the team be during the initial stage of dictatorship and for how long will it last?

Also, why do you think it is necessary for your users to stake a minimum of 50,000 $BYN in their wallet before they will be able to have a say when you eventually transit into a DAO? Why will governance not be opened to every valuable members irrespective of the $BYN held? Also, you said users will be incentivized to participate in governance. What type of incentive are you going to offer and will such incentives be given out in proportion of user’s BYN also? Will incentive be for all users that join the proposal through voting or is it only meant votes that won the proposal?

Alexander Kravets: Initially, you have to launch something before it gets big enough to have effective decentralized governance. The 50k BYN threshold was set to ensure that stakeholders made decisions that have skin in the name – later that is expected to be lowered with popular voting. Incentives are voting rewards and I believe it will be based on participation, not success.

Gold Rocket | Satoshi Club: This is fair, I think.

Alexander Kravets: Appreciate that, thank you.

Andrés M. | Satoshi Club: Where and how can we buy BYN token?

Alexander Kravets: Currently on the Beyond DEX, MXC, Gate.io, Ascendex, and De-Fi exchanges like SushiSwap and Uniswap.

Andrés M. | Satoshi Club: Also, could you share the tokenomics of the token? Market cap and max supply.

Alexander Kravets: Definitely!

100m hard cap max: Current circulating is around 8.7m.

https://coinmarketcap.com/currencies/beyond-finance/markets/

Andrés M. | Satoshi Club: That’s what we called a crypto gem😁

Gold Rocket | Satoshi Club: Sounds good😊

Alexander Kravets: Also for TVL we’ve reached $1.5m worth of BYN locked, which is just a few weeks.

Andrés M. | Satoshi Club: Have you done burning token events?

Alexander Kravets: Not at this time, we’re focusing on product, not price pumps.

Gold Rocket | Satoshi Club: Wow! you know how to strike the imagination!

Andrés M. | Satoshi Club: Very good point!

Alexander Kravets: The organic flywheel of using BYN to trade and locking it, while having many other use cases for rewards is what will drive the ecosystem. The exchange itself is very usable and friendly. Will have liquidity, that’s the direction.

Gold Rocket | Satoshi Club: It is a solid foundation for success😁

Andrés M. | Satoshi Club: Don’t you think high ERC fees can make your plans difficult?

Alexander Kravets: Yes, hence the move to HECO as well as other chains that are more efficient. That’s coming soon!

Andrés M. | Satoshi Club: Excellent strategy👏

Alexander Kravets: Thank you😉

Andrés M. | Satoshi Club: Well, I think the topic is very clear, it is time to proceed with the last question of this first part of the AMA.

Q6 from Telegram user @yellowchamp:

I found out that in the 4th quarter or Phase 4 of your roadmap, you are going to launch a BeStarter Launchpad. So, can you give us an advance idea or information about your BeStarter Launchpad? What kind of projects are you welcoming to be launch in your launchpad? How would you choose or screen projects to be launch in BeStarter Launchpad to ensure the legitimacy of the project? Does $BYN holders will get a priority lane to be whitelisted in your launchpad? As you integrate launchpad in your platform, what can we expect as changes and development of Beyond Finance network in the 4th quarter of 2021? Thank you.

Alexander Kravets: So BELP (Beyond Launchpad) is indeed scheduled to launch at the end of 2021. Beyond will leverage strong connections in the industry and partnerships to facilitate valuable and quality deal flow. BYN holders will participate on a priority basis, of course. There will also likely be BYN requirements to gain access to the best and earliest stage deals. We will have more info on this soon, especially Belpy the Cat, our NFT! Don’t laugh, this is very serious.

BELP will be very, very interesting for Beyond – as it will allow listings on the DEX and bring many more participants to the Beyond ecosystem as a whole and BYN in particular.

Andrés M. | Satoshi Club: We will be waiting to know more about that event, don’t forget to share the updates with our community!

Alexander Kravets: Definitely!

Gold Rocket | Satoshi Club: Do you already have sketches of the NTF?🐱

Alexander Kravets: It kind of looks like a cat, but beyond.

Gold Rocket | Satoshi Club: Or is it a trade secret for now?

Alexander Kravets: It’s beyond secret!

Andrés M. | Satoshi Club: Haha we understand.

Gold Rocket | Satoshi Club: I love your answers, in them is so much humour and sarcasm😁

Alexander Kravets: Hahah I do have a dark sense of humour.

Gold Rocket | Satoshi Club: I can’t stop smiling😂

Andrés M. | Satoshi Club: @Alexander_Kravets, thank you so much for your time in this first part of the AMA, it was so interesting.

Alexander Kravets: Thanks for noticing 😛

Andrés M. | Satoshi Club: Now is time to open the doors to our community to post their questions😁, the live segment is coming.

Alexander Kravets: Let’s go!

Andrés M. | Satoshi Club: Dear @GoldRocket27, let’s do it🥳

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Rinkus987:

There are several attempts in the market that have tried to create synthetic products through similar mechanism as Beyond uses. Can you talk about the various flaws these platforms have? How can you say that Beyond is more superior than these platforms?

Alexander Kravets: Yes – Existing Synthetics platforms are not user friendly, have scalability issues, have limited liquidity. Huge TVL but minimal actual volume. Beyond is focusing on making a retail friendly platform for mass adoption – easy and friendly UI, all tools to stake, trade, and issue are built in. Layer 2 solution for scalability, network congestion, fix high transaction fees. Easier asset issuance, better price tracking.

Q2 from Telegram user @Akira236:

In less than a week, $1M BYN was staked. That’s a great milestone in so less time. Can you tell me about the upcoming products on Beyond platform?

Alexander Kravets: $1.5M! Thank you. Upcoming we have the 2.0 mainnet, launchpad, more assets, more order types, inverse/leveraged trading, better chains, integrations with huge retail platforms, and much more.

Q3 from Telegram user @alptrader:

What are the partnership details with you and Klaytn and the key benefits of partnering with them?

Alexander Kravets: By integrating Beyond’s synthetic asset trading protocol, Klaytn users will be able to access a wide variety of financial assets in a completely decentralized manner. Additionally, Beyond’s users will be able to create and access new markets by leveraging assets built on the Klaytn blockchain.

Klaytn is a public blockchain developed by Ground X, the blockchain affiliate of the South Korean company, Kakao. This leading internet company is well known for their messaging app, KakaoTalk, used by over 90% of South Korea’s population with over 50 million users. Klaytn’s recently announced partners include LG Electronics, Binance, Shinhan Bank and Injective Protocol.

Beyond plans to integrate onto Klaytn’s blockchain network, which greatly benefits the De-Fi ecosystem. Users of Beyond will enjoy fast transactions, low fees and large scalability of Klaytn.

Beyond’s synthetic asset trading platform will in turn be available to MILLIONS of users of the digital asset wallet based on Klaytn, Klip.

Q4 from Telegram user @Hadia142:

Do you have a global ambassador, program or referral rewards system or bonuses for newcomers to your community?

Alexander Kravets: Yes! So we have local communities all over the world and are launching a Beyond Ambassador program. These are our Telegram channels:

• Global Community: https://t.me/beyondfinanceglobal
• News Channel: https://t.me/beyondfinancenews
• Korean Community: https://t.me/Beyond_Finance_Korea
• Vietnam Community: https://t.me/beyondfinance_VN
• India Community: https://t.me/Beyondfinance_india
• Indonesian Community: https://t.me/beyondfinance_IND
• Bangladesh Community: https://t.me/beyondfinance_bang
• Sri Lanka Community: https://t.me/beyondfinance_sir
• Pakistan Community: https://t.me/beyondfinance_Pk
• Nepal Community: https://t.me/beyondfinance_np
• Ukraine Community: https://t.me/beyondfinance_ukr
• Sweden Community: https://t.me/Beyondfinance_Sweden
• Morocco Community: https://t.me/beyondfinance_mo
• France Community: https://t.me/beyondfinance_fra
• Spain Community: https://t.me/beyondfinance_sp
• Brazil Community: https://t.me/beyondfinance_brz
• Nigeria Community: https://t.me/beyondfinance_Ng

Q5 from Telegram user @Guandog:

Do you recommend BEYOND as a platform for long-term focused trades (let’s say 3 months onwards)? Or do you just focus on efficient day trading?

Alexander Kravets: Both really. When you lock BYN to participate, you earn rewards, while your long term synthetic assets appreciate. For short term, you can lock in a quick PNL giving Beyond’s low cost, high liquidity, and accurate price feeds.

Q6 from Telegram user @shadnan32:

Can you explain the background of your team? How will you and your team carry out this project during this current pandemic (COV-19)?

Alexander Kravets: There’s over 20 people now, strong finance and dev backgrounds, distributed all over the world. COVID is not a factor, and we have a strong infrastructure.

Q7 from Telegram user @smelekin:

Do you plan to make support for OKEx chain for Beyond Finance token BYN?

Alexander Kravets: Possibly! We are closely reviewing integration with many efficient chains to facilitate ease of access, low cost, and high speed for Beyond users.

Q8 from Telegram user @Gemshunter22:

Is your project only for synthetic assets and elite investors? How can community be benefitted from Beyond Finance?

Alexander Kravets: Exactly not. While early backers were large crypto VCs and exchanges, the platform is specifically built for the retail users – to make synthetic trading easy, fun, approachable, and rewarding.

Q9 from Telegram user @ronaldo_super:

How can Beyond provide people democratic access to trading instruments and solve global banking problems?

Alexander Kravets: In line with the question preceding this one, anyone (regulation permitting of course) can access trading instruments directly without having to fund a brokerage account. This is a very big deal.

Q10 from Telegram user @Jonathantross:

When can we expect to see the mobile version ( Android & iOS ) of The Beyond platform?

Alexander Kravets: Very soon! Testing now, and it’s looking great📱🏆

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:

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