Month: September 2021

PART 1. Introduction of Pledge project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about DeFi protocol not like another most available lending protocols.

Pledge Foundation is The Decentralized Lending Protocol for All built on the Binance Smart Chain. Pledge answers the need for longer-term financing, mainly serving crypto-asset holders to diversify their portfolio with non-crypto assets, e.g. real estate, without the friction of portfolio.

The plan of AMA session:

1. Part – Introduction and preselected questions.
2. Part – Live questions
3. The Quiz about Pledge

The reward pool is 500$

Leading the AMA our clever and fun admins:

Jonah 🏅🎹 | Satoshi Club – @Jonahapagu

D. | Satoshi Club – @Cool_as_Ice

The Representative of the project:

MR – @AIbutBlockchain – leading the product and engineering

BTC Master – @chentschel – @BTCMASTER_985

Introduction of Pledge project.

1. | Satoshi Club:

Hello everyone! We happy to start our ama session with pledge foundation! Today our guests – @btcmaster_985 and @aibutblockchain!

Welcome to Satoshi Club!

Jonah 🏅🎹 | Satoshi Club:

@aibutblockchain and @btcmaster_985 welcome to Satoshi Club we are glad and excited to have you here today

Btc master:

Thanks guys, allow me to introduce albutblockchain!! Doctor.ren

Mr 💎💎:

It is with great pleasure, Jonah!

Btc master:

We are honored to be here at Satoshi Club!!! The best, biggest crypto community in the world. For the following duration, I want to hand over the mic to Michael

D| Satoshi Club:

Thank you, a lot! ☺️ and we are very happy to have you here! 😊

Mr 💎💎:

So excited to be here today. Heard about you guys for a long time

D| Satoshi Club:

Many thanks! 😊 so if you are ready we will begin our ama with short intro🙂

Jonah 🏅🎹 | Satoshi Club:

I believe Michael is fully ready with his mic 😉

Mr 💎💎:

A bit info for me. I myself worked for more than 15 years in fintech and have a phd in ai from a high profile university in us. Before creating pledge, I was the chief scientist for a hk based lending company with global assets of 100b. In pledge, I am leading the product and engineering to enable massive innovation in ecosystem for financial nft and open finance.

Pledge is, unlike other defi such as makerdao/compound/aave etc, designed as an interest yield marketplace. It is a cross chain, cross border, cross industry ecosystem that enables developers and traders to create a new wall street.

Done
D| Satoshi Club:

Sounds interesting! Pledge is your first project related to crypto?

Jonah 🏅🎹 | Satoshi Club:

With your background you are very much ready for this.. 👏

Mr 💎💎:

I start crypto 5 years ago. Before pledge, I was mainly in mining area. So yeah, pledge is my first defi proj. I also participated in mining ic design, supply chain finance using blockchain etc.

Done

D| Satoshi Club:

👍 great start in defi! As I see pledge is chasing are very ambitious goals 😊

Jonah 🏅🎹 | Satoshi Club:

Yes, and I’m sure members of the club are excited to learn about them today

D| Satoshi Club:

@btcmaster_985  @aibutblockchain guys big thank you for intro! If you are ready we can move on to the questions from our community?

Mr 💎💎:

Very tryue, d. Sure, let’s start

Preselected questions about the Pledge DeFi project.

D| Satoshi Club:

🚀🚀🚀🚀🚀

Q1 from telegram user   @asela1112

$plgr token sale will be begun on 05th of september & will last on 17th of september. And also registration for the public sale will be opened until 27th of september. So can you tell us the registering procedure step by step? Is kyc process compulsory in the registration event? How much is the percentage of allocation for public sale from total supply? What is the price of a $plgr token? What are the rules & regulations that you impose in public sale? Along with the public sale, is there an airdrop within pledge finance ecosystem? Will you conduct more token sales in future?

Mr 💎💎:

Sure. 1 the registration procedure can be found here at sale.pledger.finance. It is almost over so my dear Satoshi Club members please act quick. We got over registered for this time

D| Satoshi Club:

Hurry up Satoshi Club! 🥳

Jonah 🏅🎹 | Satoshi Club:

Lots of interest. 👏

Mr 💎💎:

2 step-by-step guide can be find here: https://www.youtube.com/watch?v=j8totgt04mm

Please follow our social media so you can get everything you need from usThe public sales registration ends on 9/27 11.45pm est, only one day left

D| Satoshi Club:

Oh I see there will be a live queue, so if you passed kyc and everything is not guarantee that you get a tokens

Mr 💎💎:

Here is the token distribution

D| Satoshi Club:

 https://twitter.com/pledgerfinance

Mr 💎💎:

In pub sale you will be put in a queue and take a number. If you are called, please please finish your purchase in 30min. Do not let other ppl grab your order lol

D| Satoshi Club:

Yeah, good info 😁👍

Jonah 🏅🎹 | Satoshi Club:

So if your order is grabbed is that all for the user. 😁

Mr 💎💎:

Yes, this is because we are overly booked. Hundreds of thousands of users want to purchase. And our service provider tokensoft told so.

D| Satoshi Club:

@aibutblockchain thank you for answer! I think we done with this question and can proceed to the next one?

Mr 💎💎:

Done

D| Satoshi Club:

Q2 from telegram user   @rotoxy

Pledge ecosystem will play host to two governance ecosystem tokens: plgr and master-plgr (mplgr). Why is it necessary to introduce two separate tokens that perform similar governance functions? Also, mplgr holders will be able to override plgr decisions when exercising governance functions? How do users obtain plgr and who are the ones that are granted access to mplgr? And does it means that holders of mplgr are more esteemed and valuable within your protocol? How will governance be done without creating unfriendly friction between both token holders?

Mr 💎💎:

Great question! Let me elaborate…

D| Satoshi Club:

And which one of these two tokens will be on sale?

Mr 💎💎:

Pledge is now built on the binance smart chain (bsc) and utilizes a dual governance token mechanism called plgr & master-plgr(mplgr) tokens. Plgr tokens are the utility and junior governance vehicle on the pledge protocol, whereas mplgr is designed to help handle a set of advanced governance decisions for the platform, which may influence the economic policies and incentive’s structure parameters across the whole ecosystem. Plgr is also a utility token, but it helps balance the ecosystem by being available to more users, thus encouraging users to staking.

The lenders earn plgr tokens and interest by depositing crypto currencies into the liquidity pool. The borrowers deposit their collateralized crypto assets into the liquidity pool in order to hedge against the crypto market risks and borrow out money to carry out their day-to-day activities.

With an innovative bridged dual token structure in pledge, one crypto asset can function as a yield farming vehicle while the other can function as a governance vehicle.

Plgr(pledger token) is the yield farming and utility token for defi applications, first deployed in bsc environment, with polkadot, heco, polygon, ethereum versions potentially being created down the road. Each environment is expected to have its own token standards, and each version of plgr token is swappable across different blockchains.

Mplgr (master pledger token) is the master governance token, that is initially based on erc20 token standard, with future bsc standards to launch. Mplgr is used to make governance decisions for the entire pledge ecosystem, and update any key parameters and token economics as needed.

So this time only plgr is on sale

Done

D| Satoshi Club:

What will be total token supply of mplgr? The same as plgr?

Jonah 🏅🎹 | Satoshi Club:

And how will users acquire mplgr will it also be through a sale like plgr?

Mr 💎💎:

Mplgr is very limited. At any given time t, the total amount for plgr+3*mplgr is 3b. This is in smart contract.

D| Satoshi Club:

Got it

Jonah 🏅🎹 | Satoshi Club:

Great.. 👍

Mr 💎💎:

Users will join pledge ecosystem and earn plgr. He/she can swap the plgr to mplgr for more governance activities.

Done

Pledge finance is the world’s next-gen open finance building blocks based on financial nfts. So please join the ecosystem to make it happen!

Jonah 🏅🎹 | Satoshi Club:

Awesome will the ratio of swap depend on the prices of each?

Mr 💎💎:

The swap ratio between plgr and mplgr is fixed on-chain at a ratio of 3:1, with the total supply of plgr + 3*mplgr = 3,000,000,000 (3 billion tokens). The plgr and mplgr swap bridge is decentralized and based on smart contracts.

The swap from mplgr to plgr token is 1:3, and each mplgr can be swapped to 3 plgr instantly through the swap bridge

The swap from plgr to mplgr token is 3:1, and there is a delay time of w (wait time), and a swap threshold of t number of plgr per month / per block.

D| Satoshi Club:

Thanks! Detailed explanation 👍

Jonah 🏅🎹 | Satoshi Club:

I see.. That means the supply of mplgr will always be plgr/3 don’t know if my maths is correct.. 😁

Yeah.. Well detailed I must say

Mr 💎💎:

Not exactly. The economy balance is plgr+3*mplgr = 3b

Jonah 🏅🎹 | Satoshi Club:

👍 clear enough

Mr 💎💎:

You will see interesting dynamics from the ecosystem, when it starts

Jonah 🏅🎹 | Satoshi Club:

The signs are positive..

Mr 💎💎:

Yeah, bring them on, d!

D| Satoshi Club:

@aibutblockchain many thanks for answer! Ready for the next question?

Q3 from telegram user @orlemys

Ptokens are the building blocks of the pledge platform. However, I noticed your tokens are pegged to stablecoins. Why is that? Would you please explain which is every one of these ptokens, what are their specific functions within your platform, and why you chose to have multiple tokens pegged by already existing ones, instead of a native one?

D| Satoshi Club:

Yeah, it would be interesting to know, what are those ptokens…

Mr 💎💎:

Pledge is a decentralized protocol which establishes money markets with algorithmically optimized fixed interest rates. When a user holds ptokens, pledge’s lp tokens, they receive a fixed interest rate called annual percentage yield (apy) with earnings accumulated per block, while borrowers pay fixed and predictable interest. Unlike other defi lending protocols, pledge creates various liquidity pools with different maturities for a given crypto asset featuring fixed lending terms. This allows users to frictionlessly exchange the time value of money derived from collateralized digital assets and stablecoins.

So stablecoins are for collaterals. Ptokens are lp tokens.

Based on ptoken, pledge provides a suite of decentralized financial contracts, defined as financial nft, hoping to facilitate its use and adoption as an integral part of the fixed income money market. These derivative trade smart contracts, which typically swap fixed-rate interest payments for floating-rate, interest payments are an essential tool for defi investors who can use them in an effort to hedge, speculate, and manage risk on or cross chains.

So indeed ptoken will be an nft.

D| Satoshi Club:

Very cool! How many liquidity pools are you plan to offer to your users? All pools will include pair to stablecoin?

Mr 💎💎:

Eventually a pool in pledge will have a thousand of tokens backed by financial nft. Right now we start with pair of stablecoins.

Jonah 🏅🎹 | Satoshi Club:

Can you also explain what this suite of decentralized financial contracts defined as financial nft’s are.. Not sure i’ve heard it called this way before..

D| Satoshi Club:

Great for start, starting with something stable

Mr 💎💎:

Sure, Jonah, let me address this very good question here:

Our goal is to build foundational technology and create building blocks for the next generation of decentralized and open finance. Unlike other defi projects, pledge is designed to allow the creation of innovative structured and collateralized lending products. These include fixed interest rate swaps, refinancing, and financial derivatives around credit markets in order to allow investors to build diversified portfolios tailored to whatever level of risk exposure they are comfortable with. These kinds of markets do around $500 trillion in trade volume every year. Innovations in fixed yield vaults, variable yield vaults, tokenization of yields, and seniority of bonds – represented in pledge using financial nfts – gives pledge a unique position as a “lego building blocks” maker, improvising capital efficiency and reducing liquidity friction.

Jonah 🏅🎹 | Satoshi Club:

We all love stability 😁

Mr 💎💎:

Then, pledge also provides a suite of decentralized financial contracts, defined as financial nft, hoping to facilitate its use and adoption as an integral part of the fixed income money market. These derivative trade smart contracts, which typically swap fixed-rate interest payments for floating-rate, interest payments are an essential tool for defi investors who can use them in an effort to hedge, speculate, and manage risk on or cross chains.

Pledge leverages the latest blockchain technology, especially with erc 1155 to enable the creation of nft to represent each loan, bond, insurance as well as other assets. Pledge’s financial nft supports configurable asset token type, which can have its own terms, metadata, supply and other derivative attributes. A single deployed contract includes a combination of many fungible tokens, non-fungible tokens or other configurations. Financial nft protocols support game and finance developers with interoperability such as transfer, swap and trade, and hence are expected to remove the barriers to entry for almost all traditional financial market participants.

Done

Jonah 🏅🎹 | Satoshi Club:

Your answers are very detailed and clear.. 👏👏👏

D| Satoshi Club:

True!

Thank you! Let’s proceed to the next question?

Mr 💎💎:

Sure Jonah

D| Satoshi Club:

Q4 from telegram user @ajpaa

Pledge finance is offering fixed-rate, medium-term, long-term loans through its first-ever collateral-agnostic loan marketplace backed by decentralized blockchain technology. Traders and non-traders can now use both tangible and intangible assets, such as cryptocurrencies, as collateral against a crypto-based loan. Can you tell us more about your first-ever collateral-agnostic loan marketplace? Which set of tangible and intangible assets can be used as collateral for crypto-based loan and what happens if a collateral price value falls? Who decides the loan’s predefined maturity? Do you have a structure to resolve situations where a user is not able to payback for the loan? Or the user automatically loss the collateral?

Mr 💎💎:

I like these questions. Let me provide the answers.

At the very beginning, only stablecoins in bsc will be supported. Then we will start to add nft and other collaterals.

We are looking for 1b-2b tvl in a couple of weeks after the product launch since there are already whales and miners waiting to use pledge’s product.

We are also in the process to talk with some top 20 defi projects, to be their lp

D| Satoshi Club:

Wow, your TVL will be huge 😁 So your marketplace function will be live right after platform launch?

Mr 💎💎:

We have great ecosystem contributors for the tvl. Nicole chang; ex. Global stratgiest for east west bank. Tony himself is in the real estate finance for 15 years and handles billions value transactions every year.

Yes, that is what we are targeting at. We need more talented developers.

D| Satoshi Club:

Btw can you name some of them? We can keep secrets 😉😄

Mr 💎💎:

Most of them are in nda but some of them are already in our official website such as polygon, mars, harmony and binance

https://info.pledger.finance/ has better info than me, lol

Anyone interested to join the developer team, pease pm me.

D| Satoshi Club:

Awesome chance to be a part of big project 💪

I see there, so they will be auditing your project?

Jonah 🏅🎹 | Satoshi Club:

Satoshi clubbers go..

Those are big names 👏

Mr 💎💎:

Indeed. Feel thrilled to bring them to pledge ecosystem. They can just integrate our framework to have a defi interest yield marketplace. That is my goal

Certik, togather with slowmist and other 3 teams, are working with us now for auditing. Certik has finished the report for token contracts.

D| Satoshi Club:

Nice! You in a good hand, those firms know everything about security and protection 👌

Jonah 🏅🎹 | Satoshi Club:

Yeah.

Mr 💎💎:

Absolutely.

D| Satoshi Club:

Big thank you for answers! Let’s proceed to the next question! 🚀

Q5 from telegram user @josegamboac

The pledge protocol features a special liquidity curve designed to minimize slippage when trading ptokens based on the logit function, which greatly reduces slippage and can create an upper / lower limit of the exchange rate. What is the special liquid curve designed per garment? How does this special commitment cash curve work? What are the advantages of the special liquidity curve?

That’s a soo techie question  🤣

Mr 💎💎:

Since pledge is nft driven, so we use n-dimensional amm for this purpose

Pledge leverages the latest blockchain technology, especially with erc 1155 to enable the creation of nft to represent each loan, bond, insurance as well as other assets. Pledge’s financial nft supports configurable asset token type, which can have its own terms, metadata, supply and other derivative attributes. A single deployed contract includes a combination of many fungible tokens, non-fungible tokens or other configurations. Financial nft protocols support game and finance developers with interoperability such as transfer, swap and trade, and hence are expected to remove the barriers to entry for almost all traditional financial market participants.

Institutions across the globe have a need to swap their credit and debt obligation for liquidity and low cost capital. Pledge aims to service this global financial supply chain via its decentralized ecosystem by building a nft trade ecosystem that interacts across chains. Pledge protocol creates a high-speed interoperability network built to address fundamental problems impeding the mainstream adoption from cryptocurrencies to innovative financial assets for real-world financial applications.

It is like a surface, not a curve, in real world. By doing so, the cap efficiency and the liquidity will be huge. Think about 1000 tokens in one pool.

Done

Haha I like this techy questions. Smart ppl and great community, satoshi!

D| Satoshi Club:

Thank you☺️

I want to ask your about github, will your project be an open source? You planning to put all info on git after launch?

Mr 💎💎:

Yes, pledge will be a dao and all resource will go to ecosystem and community.

D| Satoshi Club:

Thank you a lot for answers! And now it’s time for the last question from part 1? Ready? @aibutblockchain

Mr 💎💎:

Yeah, man

Jonah 🏅🎹 | Satoshi Club:

I will also like to ask what does the n-dimensional here mean, what determines n?

Mr 💎💎:

N is the number of financial nfts in one pool

Jonah 🏅🎹 | Satoshi Club:

👍 got it..

Mr 💎💎:

Hit the button

D| Satoshi Club:

Q6 from telegram user  @highpee

The crypto space is renowned for its peculiar volatility nature that all investors passes through in their crypto adventure. However, I read where you said that you will “put an end to market volatility” and I am curious as to how this will be done. Is it that borrowing, lending and liquidation-triggered activities within pledge ecosystem will be immune to floating price hassles and gyrations? In what way will your protocol be able to put an end to emotional market behaviour and the uncertainty that follows? What innovative system will you put in place that can provide appropriate forecasting or risk management in the pursuit to reform unpredictable and volatile market trend?

Mr 💎💎:

Great question from telegram user  @highpee! I like it

Keep in mind that pledge addresses a much bigger interest yield marketplace, which could reach trillion $ volume. Most defi lending protocols provide variable rate loans for traders. Pledge starts with a fixed rate and term, primarily focusing on serving whales and miners for their borrowing needs.

And the world loves fixed rates! There is a 500 trillion market for interest rate swap, every year

It was only a matter of time before crypto adapted elements of the $341 trillion interest rate swap market to its own. Traders may now be able to hedge the risks they face from interest rate payment fluctuations in perpetual contracts. And it could also help those lending and borrowing  in the decentralized finance (defi) space.

Done

D| Satoshi Club:

Awesome, thank you! 👍

Jonah 🏅🎹 | Satoshi Club:

Thank you for your answers.. 👍

D| Satoshi Club:

Time for the second part of ama 🙃

Mr: 💎💎

Alright, let’s roll

Jonah 🏅🎹 | Satoshi Club:

Our members are eager to ask you questions directly

Satoshi clubbers the group will be opened for two minutes.

D| Satoshi Club:

And we will let them do it 😁

PART 2.Questions about the Pledge project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Pledge crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @Ishan1_7

Could you explain your financial NFT concept and why it will be published as an ERC-1155 standard?

MR 💎💎:

What is the Pledge’s uniqueness compared with other defi protocol? (info.pledger.finance)
Financial NFT
Fix-Rated Lending Protocol
Financial Insurance/Hedging byproduct
All of the above
What is financial NFT, and how does pledge planning on building with Financial NFT?
A NFT you can sale on open sea, pledge is going to list them on an open market and sale these NFT

Q – 2 from a telegram user @superhero_898

NFT’s ,
Its true that many Users think it as Collectibles & digital assest,
Why do You think it will be used in Financial Market as well?
How is Pledge using it? 

MR 💎💎:

Q – 3 from a telegram user @Deleted

DELETED

MR 💎💎:

SNS
Please check out The official website for most recent updates：https://www.pledger.finance/ for more information

Social Media💎💎
Telegram：https://t.me/pledgerfinance
Twitter：https://twitter.com/PledgerFinance
Discord：https://discord.com/invite/eyEhZfEqyy
Medium：https://medium.com/pledge-finance
GitHub：https://github.com/pledger-finance
telegram: https://t.me/pledgerfinance
https://coinmarketcap.com/currencies/pledge/

Official videos:
https://youtu.be/aExojLGTQpA

Q – 4 from a telegram user @sweetdoge

As Pledge can be integrated with other blockchains may I know is it possible to get any governance power and voting for future improvements?

MR 💎💎:

Finally, we will partner with COMP AAVE, Pancake etc to be their LP. By plug-in Pledge’s protocols and framework, most defi projects can immediately have interest rate trade capability.

Right now several top 20 projects are down the road to do POC with us. Then their users, liquidity will be ours. 😍

Q – 5 from a telegram user @BJosefina61

What is your vision of expanding protocols to other types of blockchain? do you believe in the future multichain? or in the adoption in Layer2? What are you paying more attention to now?

MR 💎💎:

BSC first, with Polka, Sol down the road.

Q – 6 from a telegram user @Gemshunter22

You mentioned your Public sale is extended. Do you have made any other changes ? how can we stay updated about your project?

MR 💎💎:

Pls go to info.pledger.finance for information. Please go to sale.pledger.finance for purchase. It starts in a week!

Q – 7 from a telegram user @Amila19932

Can we Stake PLEDGE on your platform? Because all the users are looking for passive income methods recently, do you have any future plans on building a staking platform?

MR 💎💎:

Yes, for sure.Staking will be ready in v1.1

Q – 8 from a telegram user @Zohaya

Can you tell us about the main benefits of Pledge Finance that will entice people to adopt it?

MR 💎💎:

Its financial inclusion. We are the FIRST revolutionary NFT based interest rate derivatives marketplace. Pledge was designed to allow users to trade, speculate, and hedge interest rates.
Pledge cutting edge N-AMM technology allows for cross-chain yield markets on the most popular DeFi and CeFi platforms.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Pledge project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

  English Telegram group  |  Russian Telegram group   |  Spanish Telegram group  |  Telegram Channel   |  Twitter |  Website 

Our Crypto Partner by this AMA: Pledge

Telegram group  | GitHub |  Tweeter  |  Website  |  Discord

We are pleased to announce our next AMA on September 29th, 2021 at 04:00 PM UTC Time: Satoshi Club Spanish x CRIPTOVISION Spanish

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Satoshi Club Spanish Telegram group
👉 Join CRIPTOVISION Spanish Telegram group

We will have the following structure:

Part 1: 50$ /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 50$/5 users – Open chat for 120 seconds. You can post Max 3 questions. CRIPTOVISION Spanish Team will select 5 questions and answer them.

Questions must be done in Spanish.

For more details:
CRIPTOVISION Spanish – @criptovision
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We were delighted to welcome our guest from Transient. The AMA took place on September 25th, 2021 and our guests were @BeauTransient and @zani_io.

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

Luis Merino 🇪🇸 | Satoshi Club: Hello SatoshiClubbers, welcome to another AMA session with us 🙂

Today our guests are @BeauTransient and @zani_io, from Transient, welcome 😊👍

Beau: Thanks everyone, great to be here 🙂

Jonah 🏅🎹: @BeauTransient and @zani_io welcome to Satoshi club, it’s a pleasure to have you here today

Zani: Thanks for having us!

Luis Merino 🇪🇸 | Satoshi Club: Pleased 🙂

Jonah 🏅🎹: How are you doing today?

Beau: Going great, excited to chat to you all!

Luis Merino 🇪🇸 | Satoshi Club: Satoshi Club is also excited 😄

Zani: All good! Excited to answer all your questions about Transient!

Luis Merino 🇪🇸 | Satoshi Club: So, as an introduction, can you please tell us a few words about yourselves?

Luis Merino 🇪🇸 | Satoshi Club: Also, tell us a brief summary about Transient Network

Beau: Sure thing – my background (the last 15 years) is running large scale technology projects and platforms at multinational companies in the ecommerce space, particularly in online gambling (at the biggest in the world), banking/finance and insurance.

I’ve been a long time investor in crypto and have been experimenting around real-world use cases for the last couple of years in traditional settings. Transient spawned from an idea my co-founder had trying to bring smart contract adoption into the real-world – and really identifying and breaking down barriers along the way.

Zani: I’m a marketing specialist with ~10 years of experience in the area, and have worked for worldwide brands into different markets and also top companies inside the crypto world. Just made the move across to Transient from Binance.

Jonah 🏅🎹: 👏 you both have great Backgrounds

Beau: On to the fun stuff, Transient 🙂

Plain and simple – Transient’s goal is to be the prominent dApp marketplace utilised across any industry wherever a smart contract is needed  – building our dApps for users and companies not familiar with the blockchain and to take those first steps into their adoption journey.

Our goal is to redefine the smart contract offering by creating the simplest, most secure and highly scalable dApps in the market. We see our  marketplace becoming an entry point to the Transient Network where freelancers, mum and pop shops and enterprises can take advantage of Transient’s individual dApps connecting the real world to solve real problems.

Luis Merino 🇪🇸 | Satoshi Club: We have one binancian here 😄

Luis Merino 🇪🇸 | Satoshi Club: Great one 👏

Zani: Hahaha! 🤝

Luis Merino 🇪🇸 | Satoshi Club: Thank you for the great introductions, guys 🙂

Luis Merino 🇪🇸 | Satoshi Club: Ready to jump into Community questions? 😉

Beau: Let’s do it 👌

Q1 From Telegram User @kimzyemma

Transient ecosystem actually find a way to break down the barrier to adoption and create accessibility for all, regardless sole trader, and project running an NFT marketplace or a commercial enterprise. You plan to make this happen by focusing on six core pillars which are not stated or explained on your website, Can you briefly give us the details of the six core pillars? How will make your ecosystem quicker and more cost-efficient for users to move their funds and interact with smart contracts? Are you going to have your wallet or you will be compatible with popular crypto wallets, such as Trust Wallet and MetaMask?

Beau: A lot in that question, but will give it a shot 🙂

Code-free: allowing anyone to create smart contracts, no dev skills required

Interoperability: built to be chain agnostic

Seamless integration: designed to be a key conduit for on and off-chain interactions

Real-world ready: we have already built dApps ready for the world to consume

Next-level smart contracts: our end goal is to fully automate the pipeline of smart contract deployment

Global marketplace: a dApp for anyone, anywhere, anytime.

Beau: In terms of chains, we are on testnet with Eth and HECO-chain. BSC is also currently in development.

Yes, we will be integrated with MetaMask from day 1.

Luis Merino 🇪🇸 | Satoshi Club: Are you planning to add any other chains?

Luis Merino 🇪🇸 | Satoshi Club: No dev skills required? It’s my moment then 😄😂

Beau: Based on our roadmap, we are not set on extending in the short-term but depending on how our initial dApps are received and how our community interacts with them, and their needs grow.

Jonah 🏅🎹: It’s awesome I’m sure lots of users will like that.. 😃

Luis Merino 🇪🇸 | Satoshi Club: Can you please share your roadmap with us?

Zani: I believe this is one article that everyone should give a look. All the details of our roadmap are summed up there: A high-level roadmap for what’s in the pipeline for Transient (https://medium.com/transient-network/a-high-level-roadmap-for-whats-in-the-pipeline-for-transient-664d3f3b6b15)

Jonah 🏅🎹: You have quite a lot of Nice features coming up that’s Awesome.. 👏👏

Jonah 🏅🎹: We will get to know more about them

Luis Merino 🇪🇸 | Satoshi Club There you are 😉

Luis Merino 🇪🇸 | Satoshi Club: So, are you ready for the second question? Or do you want to add something?

Beau: Let’s do it

Q2 From Telegram User @Jamesxmen

Transient spread their Smart contract services towards the E-Sport industry also. You stated that E- Sports community and any person without a knowledge of Smart Contracts will be able to create own their smart contract through the Transient project. So how will the pieces of code execute terms or conditions based on an agreement which is subsequently stored on the blockchain automatically? In which way do you think to enhance the E-Sport industry with the Amazon Smart Contract in Transient Project?

Beau: Great question – and one, given my background in the online betting space I’m very excited about!

Our P2P eSports dApp will be an extension to the existing online gaming ecosystem – we will be adding another element of fun by allowing our community and users to create their own competitions/pool based on tournaments happening around the world – other members can then bet against an outcome and share in the guaranteed prize pool.

The coolest feature among them all is that you are able to do the same for real player v player – if you are playing a friend, have a twitch channel and a community that thinks they know who will win – you can set that up to!

Beau: The other (more serious) feature is the ability to remove some of the fraud and unease for teams and competitions in the esports industry – and giving more power to the players, instead of the manager. This will be in the form of ‘team management’ functions that will use smart contracts to distribute winnings, vote on team choices and the equal set up of tournaments and competitions.

Zani: A sneak peak of the eSports dashboard

Jonah 🏅🎹: It’s clear how much your interest in eSports has given birth to great ideas… In allowing users to create their own pool based on tournaments around the world, what kinds of tournaments can this pool be created for, will this be for any sport?

Luis Merino 🇪🇸 | Satoshi Club: Love it

Luis Merino 🇪🇸 | Satoshi Club: E-sports lovers as me…

Luis Merino 🇪🇸 | Satoshi Club: Are in love with it

Luis Merino 🇪🇸 | Satoshi Club: Haha

Jonah 🏅🎹: Yeah.. who wouldn’t? 😁

Beau: We like to do things that add incremental value at Transient – so we will start off with what our community wants the most 🙂 ..inspect and adapt our product and gradually add more. We are looking to team up with CS:GO in some capacity so trust that will be up there 🙂

Zani: If you ever wondered how long it would take for you to be able to interact with AAA games on the blockchain, maybe there’s your answer

Luis Merino 🇪🇸 | Satoshi Club: 😄😄😄😄

Jonah 🏅🎹: Great Job.. 👏

Luis Merino 🇪🇸 | Satoshi Club: CS:GO player here

Luis Merino 🇪🇸 | Satoshi Club: Well not anymore, but I used to

Luis Merino 🇪🇸 | Satoshi Club: Haha

Jonah 🏅🎹: You can reignite your passion.. 😄

Jonah 🏅🎹: So are you ready to proceed to next question?

Beau: Sure 🙂

Q3 from Telegram user @yellowchamp

I found out in your medium article that Transient will launch an Online Gambling like Poker and Instant Payout and you also plan to launch an Insurance with policy management and instant claims. So,can you give some advance details about the Online gambling that you will soon launch in your platform? How it will works and what will be its great features?As you add Online gambling as your feature,do you intend to get license to operate legally online gambling? You also plan to launch

an Insurance with policy management and instant claims,so can you share some information about your Insurance policy? How it will be implemented and what are the instances covered for this insurance? What 3rd party company you will collaborate to help you realize the insurance offers of Transient Network? Thank you

Beau: Great pick up – that is one a little further down the roadmap.

At Transient, we don’t feel that we want to go head to head with these multi-billion dollar gambling companies (… well not yet anyway ;)) so creating our own online gambling dApp is not where we want to play.

What we do want to do (and what I have spoken to my old company in the space about) is how can smart contracts help their business – some of those use cases include:

– Instant crypto payouts (traditionally fiat)

– Ability for these companies to use a native token to drive loyalty

– Using smart contracts/blockchain for its immutability functions for regulator and financial reporting

This is where Transient comes in – these big companies don’t want to focus on bringing in new devs to build this stuff – so we prototype and build solutions for them 🙂

From a project perspective, these are massive opportunities – for example, their largest revenue day they have peak load of 150,000 bets per minute – now that is some load 🙂

Beau: In the insurance space (another one of my old industries) is ripe for disruption – today if you have an accident in your car you go through a very long and manual process to be paid your claim, through banks, etc. As we all know, using smart contracts we can eliminate that wasted time and improve customer experience significantly.

Beau: The services that I’ve outlined above will create two additional dApps:

– Enterprise Betting Services

– Enterprise Insurance Services

… which will be added to our global marketplace.

Jonah 🏅🎹: So instead of Going Head to Head with the Big boys.. you will provide solutions for them 😉

Jonah 🏅🎹: Are you working with Any of this big boys?

Jonah 🏅🎹: Either from the betting or insurance Space

Beau: I can say we are prototyping solutions with one of my former employees – I am very excited for when I can announce publicly which I’m sure you will see on our socials 🙂

Jonah 🏅🎹: Great.. don’t forget to share with us…

Luis Merino 🇪🇸 | Satoshi Club: Please share your socials so that SatoshiClubbers can check it 😄

Zani: Transient Links:

📲 Telegram: https://t.me/transientnetwork

🐦 Twitter: https://twitter.com/transient_sc

🗞️ Medium: https://medium.com/@transient_sc

🌐 Website: https://www.transientnetwork.io

Luis Merino 🇪🇸 | Satoshi Club: There you are 😄

Luis Merino 🇪🇸 | Satoshi Club: Thank you 🙂

Luis Merino 🇪🇸 | Satoshi Club: So, ready for the fourth question?

Beau: Sure am

Q4 from Telegram User @NataliyaKil

As I understand it, Transient has 2 products: TSC-Core and TSC-Pooling? Who are these applications focused on, what purpose are they created for, what functions do they have, and what is their difference between them? Are they already tested and can they be used to their full extent? How can I access them and is there any overview on how to use all the features of these apps?

Zani:

TSC-Core focuses on standard Smart Contract creation and management and will add value to the community on day one. It’s our flagship product and the first proponent of the Transient Network. Some of its features are: depositing, transfering ETH/ERC-20 and also digital signature.

On the other hand, TSC-Pooling is focused on the ability for users to create their own pools for crypto-price predictions and share in the winnings. Creators are rewarded for their contributions.

We are open to the community on testnet so you can get a feel for both products but anyways they should be live on mainnet as soon as October (yup, next month).

If you want to check it out, here you can find screenshots of both products: https://imgur.com/a/68pmJtB

Zani: You can also take a deep dive in both of them through our Medium articles for TSC-Core (https://medium.com/transient-network/showcasing-transients-first-dapp-introducing-tsc-core-29dd1dd2ce2f) and TSC-Pooling (https://medium.com/transient-network/tsc-pooling-demo-ebc69450d1d0)

Jonah 🏅🎹: So how do you reward creators of the TSC-pools?

Zani: All the details on tokenomics and utility of the dApps will be out soon. But just giving you guys a spoiler here, basically there may be something like a creator fee/other features that will be shared on our socials in the next couple of days!

Jonah 🏅🎹: Don’t forget to also share with us when they are out 😉

Luis Merino 🇪🇸 | Satoshi Club: Anything else you want to add?

Beau: All good there, onto the next 🙂

Q5 from Telegram user @Orlemys

On your website, I saw you’ve only listed Omniscia and GPool as your partnerships. An audit protocol, and a launchpad respectively. Would you explain how having both of these protocols as your partners helped develop your platform? What are their specific roles? And how do users benefit from them?

Zani: On the security side we are lucky to be partnering with Omniscia who is currently undertaking our security audits for both TSC-Core and TSC-Pooling – we expect results by the end of this week and will add to our GitBook (which will also be shared with the community).

Regarding the launchpad it is a breath of fresh air when you are able to connect with a team that share a common purpose and have a clear vision of their offering — GPOOL is basically that, where retail investors become seed investors.

GPOOL’s community-first approach, decentralised governance model and seamless user experience made it an easy decision for Transient to put it’s trust into the team to facilitate its IDO.

And by the way, as you may imagine we also have other partnerships to help us connect with off-chain data but this is still to be announced (soon).

Jonah 🏅🎹: Can you share details of your IDO?

Zani: You can check all the detailed timeline and tokenomics for the IDO on GPool’s Medium. The link for the article is here (https://medium.com/gpoolofficial/genesis-pool-to-launch-transient-ido-5d74c6721667).

The schedule:

29th September 12:00 AM UTC: Whitelist begins

03rd October 12:00 AM UTC: Whitelist ends

06th October 12:00 AM UTC: Round 1 begins

07th October 06:00 AM UTC: Round 1 ends

07th October 06:00 AM UTC: Whitelist for the Round 2 begins

09th October 06:00 AM UTC: Whitelist for the Round 2 ends

11th October 12:00 AM UTC: Round 2 begins

12th October 06:00 AM UTC: Round 2 ends

It’s THAT close guys! 🔥

Luis Merino 🇪🇸 | Satoshi Club: So, ready for the last question of part 1

Zani: Let’s do it!

Q6 from Telegram User @JaviSuBs™

Hi Transient, my question is: how do you plan to break through the adoption barrier and create accessibility for all? What is the strategy that you will use to break that barrier, what is the main approach to achieve it? What are the opportunities for an individual trader managing an NFT market? explain these points to us. You say they are the Amazon of smart contracts, but how secure are their contracts, which security system are they using to make their smart contracts more secure? you can give us more details of these functions. Thanks

Jonah 🏅🎹: Partially covered I believe.. 😉

Zani: The security part is being taken care by our audit partners: Omniscia.

The huge buzz around NFTs directed a lot of non-crypto eyes to the market. Investors from all around started to wonder what was the reason behind the 7 and 8 figure digital arts selling and if they could — in any way — profit from it. The same can be said for the even most recent blockchain gaming explosion. Both blockchain gaming and digital art became entrances for lot’s of new users to the crypto market. Transient plans on being the next big thing.

We believe that the smart contracts for non-coders with all the real use cases we’re developing is something that will bring non-cryptos to crypto. And of course, to achieve that we have different strategies for all our different dApps.

Since there are different audiences, we plan on developing video content, working with different languages, countries, and understanding all the different personas. By doing this we believe we break the main barriers of adoption to make sure we’re available for anyone, anytime, anywhere.

Jonah 🏅🎹: Awesome strategy to become the next big thing 👏

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Ishan1_7

Is HECO chain integration part of your road map? Could you please tell us more about this plan?

Beau:

Good question – we covered this a little before, however, an important one to reiterate.

HECO-chain is currently on testnet (and all going well with audits) it will be launching on mainnet with our first release – the reason we have extended to HECO is to ensure we are expanding our network to chains that are moving in the direction we intend. We will continue to find the chains that suits our and our communities needs best. The added bonus of HECO is the ability to utilise their network, particularly with Huobi.

Q2 from Telegram User @T_carrey

As a new project in the market,what is your competitive advantages? As an investor,why would we trust to invest ? What are the ways to earn in your platform?

Beau:

Great question – our advantage and one that has helped push the project along this far is the teams experience across crypto and the end-state targets of large scale companies. We’ve been at the forefront of discussions in their four walls and not only understand what the barriers to mass adoption are but are actively prototyping around how our solutions can solve their problems.

Two partners (which I cannot wait to name!) operating in the CFD exchange and online gambling business are providing great feedback around how they can leverage Transient in the future – we are not making assumptions, we are getting the direct feedback.

Q3 from Telegram User @ashwini_Crypto

I am Very Excited for the P2P eSports dApp that is in Ddvelopment phase, Could You give more Information for this?

Zani:

The idea is basically to add excitement of playing or consuming eSports content by expanding experiences such as creating your own competition betting pools for tournaments, matches or outcomes.

Or even hosting your own player vs player competitions that your friends and community members can interact with – building an engaging ecosystem.

If you want more details on that, check our TSC-eSports Medium article (https://medium.com/transient-network/esports-smart-contracts-and-transient-the-next-holy-grail-498ae43c4c7).

Q4 from Telegram User @Nonerlike

Can I know about your team too? Many project are being abandoned by team having high impression first . How strong is your team and are you doxxed?

Zani:

At the moment (and we are growing) we have a core team of 10.

Beau (Project Lead), me (Marketing Lead), Lead Blockchain Engineer, 4x full-stack devs, design lead and 2x community/marketing.

Q5 from Telegram User @Akira236

You Aim to to allow “Anyone”, to utilize  smart Contracts, By this, Do you mean that Users who are utlilize traditional application Could utilize it as well?

Beau:

We have built Transient with best-in-class user experience in mind, breaking down barriers to adoption by allowing anyone – AND WE MEAN ANYONE – to utilise and share in the wonder of Smart Contracts.

Q6 from Telegram User @Kabirkapoor9

Which sector of Crypto world you guys are Targeting as Blockchain become necessity? Will Transient allow Startups for Collaboration in future to support them in Initial stages?

Beau:

We hope that our community will get benefit from day 1 – whether they are a start up looking for an easy way to arrange a raise or have the ability to create smart contracts to pay services, TSC-Core will have the functions available.

Q7 from Telegram User @king_kong46

Where can I buy your tokens now,, what are your current contracts and how can I buy them and what are the benefits???

Zani:

Our IDO whitelisting comes live on 29th (next week) on GPool Launchpad. That’s where you’ll be able to buy $TSCT tokens. DEX listing will come shortly after! 

We also have a Medium article with full details (https://medium.com/transient-network/transient-ido-is-coming-to-gpool-3843c0b343ea).

Q8 from Telegram User @chinyere2020

How relevant is the community to Transient? What role does the community play for the growth and development of Transient?

Beau:

Our community are our eyes and ears on the ground and where we will get majority of our feedback. We have an ‘inspect and adapt’ mindset so seeking feedback across all parts of the product development cycle is paramount for us.

UI/UX feedback, early beta visibility and feedback loops will be a key part to ensuring Transient’s marketplace is delivering to the high standard we set ourselves.

Q9 from Telegram User @munishgmr

As the end of this year, You are planning to Bring TSC- NDA, for which sector of users, this would benefit?

Beau:

Another nice pick up 🙂

One that might not have all the bells of whistles of eSports but absolutely as effective – our marketplace will provide a dApp for users to create non-disclosure agreements (for any purpose, i.e. investment, employment, etc.) in the form of smart contracts.

In 4 steps our users will be able to create NDA’s for any purpose, anywhere, anytime. Gone are the days of dodgy PDF edits and emails when trying to protect your most valuable assets.

Q10 from Telegram User @NataliyaKil

What methods and programs do you plan to implement to attract more users, to increase the Transient community and spread the word about your project?  Can you tell us about the marketing and advertising campaigns planned for these purposes?  What social networks and incentive programs for the community (referral program, loyalty program, ambassador program) will be used and some famous people will take part in this?

Zani:

First of all, we gotta understand that everything is now global. We can’t be different. Therefore, developing engaged communities around different countries and languages is really important. We are already working on that. eSports, for example is a global thing. But we certainly have the biggest markets and the marketing pushes will be focused there. On the other hand, Pooling, NDA, and Core may have totally different geographic and marketing approaches. Some can have a strategy more focused in partnerships, others in influencer marketing, others in PRs. It varies from one product to the other. And creating incentives to the community is always good. That’s why we are already gamifying some features of our products so beyond betting and interacting you’ll find yourself competing with other peers for a better overall record (ranking) in some of our dApps.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Transient. 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: Transient Website – transientnetwork.io
Transient Telegram – @transientnetwork

We were delighted to welcome our guest from MyMasterWar. The AMA took place on September 25th, 2021 and our guest was @henry_ngv.

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 MyMasterWar⚔️⚔️⚔️

Gold Rocket | Satoshi Club: Today our  guest is @henry_ngv

Andrés M. | Satoshi Club: @henry_ngv welcome to Satoshi Club

Henry: Hello,

Henry: It’s my pleasure to be here 🙂

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

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

Gold Rocket | Satoshi Club: @henry_ngv how are you doing?🤩

Henry: Its fine 🙂

Gold Rocket | Satoshi Club: We are really excited about upcoming AMA, and you?

Henry: Yes, I cant wait

Andrés M. | Satoshi Club: Let’s begin the AMA with an introduction about you😃

Henry: sure

Henry: My name is Henry, Co-founder and CTO of MyMasterWar.

Henry: I have more than 10 years of experience working in software development (mostly in security and AI) and roughly 5 years in blockchain technologies.

Henry: I’ve built a crypto exchange, wallet, and blockchain platform. I also build a Dapps application (one for a big Airline in Singapore) and consult for the government.

Gold Rocket | Satoshi Club: I read in your biography on the website 😁

Gold Rocket | Satoshi Club: a blockchain architect and engineer on Krispay (с)

Henry: Yup

Gold Rocket | Satoshi Club: Great background 👍

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

Henry: MyMasterWar is a gaming ecosystem with the difference that blockchain technology is applied to the game along with the Free Play to Earn and Profit Sharing model

Henry: Unlike many other NFT Games, the MyMasterWar does not require players to spend any money to start playing

Gold Rocket | Satoshi Club: https://mymasterwar.com

Andrés M. | Satoshi Club: Which game inspired the creation of MyMasterWar

Gold Rocket | Satoshi Club: and this is an amazing opportunity. how did you manage it? do you give a kit to start the game?

Henry: Mymasterwar is a series of different game scenarios, starting with

medieval battles.  The Three Kingdoms is one of the epic periods of Chinese history and was chosen as the beginning of a journey through the

ages

Henry: It’s quite simple, just register an account and click to play.

Henry: We will have tutorial on this.

Gold Rocket | Satoshi Club: thank you very much for the information😊

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  MyMasterWar

Andrés M. | Satoshi Club: Amazing, I love that kind of games

Henry: It take nearly a year. We started building Mymasterwar in early of 2021. In the future, will continue develop the game to increase users experience, also develop ecosystem and community

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

Henry: sure

Gold Rocket | Satoshi Club: This is a good plan of action. 😉

Henry: There are 25 members in our core team now. 15 from tech and 10 from biz, marketing.

Henry: Some of our members profiles:

Henry: – CEO is Dominic Nguyen: Understanding of the Vietnamese market, valuable relationships and people, strong leadership; understanding of strategies and processes, good organization and interpersonal skills. 

He used to work as a project manager and department head at Toshiba Japan Corporation. 

https://www.linkedin.com/in/dominicnguyennn/

Henry: – Ha Vu: Strategic Advisor: Bronze Medal in the 31st International Mathematical Olympiad, Special Scholarship for Outstanding University Students in Vietnam, The Best Paper Award in the 19th IEEE International Conference on Tools with Artificial Intelligence (2007) 

Currently, he is VP, Senior Expert on Digital Strategy and Innovation in the Digital Office at Techcomnbank Vietnam. 

https://www.linkedin.com/in/vuxuanha/

– QUAN TRAN CTO Blockchain: Lead the engineering team and be responsible for technical strategy and engineering operations. 

Master of Computer Science, HCMC University of Technology, extensive experience in technical development and blockchain technology, NFT. 

BTA-certified blockchain developer with a focus on Hyperledger Fabric and Ethereum 

https://www.linkedin.com/in/quanttb/

– Thoai Nguyen: Lead the engineering team and be responsible for technical strategy and engineering operations. 

Extensive experience in technical development and blockchain technology, NFT. 

Codar developer, IBM Blockchain Foundation Developer, and Microsoft Certified Solutions Developer Certification 

https://www.linkedin.com/in/thoai-nguyen-b3a94221a

Henry: Other team member, can be found here: https://mymasterwar.com/#teams

Gold Rocket | Satoshi Club: dream team 😁I noticed that many of you have the same last name. Is this a family business?

Andrés M. | Satoshi Club: A great team behind an strong project, we are happy to know you are a public team👏

Henry: Yes, In our country, the last name and first name are reversed  🙂

Gold Rocket | Satoshi Club: Oops😁I did not know that. Where are you from?

Henry: We are from Vietnam 🙂

Gold Rocket | Satoshi Club: Great 👌

Gold Rocket | Satoshi Club: Thanks for great introduction, we have several questions which were selected for the 1st part. Ready to start?

Andrés M. | Satoshi Club: Thanks for the introduction Henry, is a pleasure to know about you and your team

Henry: Yes, lets start

Q1 from Telegram User @Pavel_Jarosh

Hello MyMasterWar team! It os not a secret that in Role-playing games based on NFT, the resale of upgraded heroes is an important piece of cake for players. Please explain in a nutshell how the initial heroes are generated? Are the basic skills applied randomly or can be customized? Is it possible to get a hero higher than the entry level? Thank you!

Henry: Thank for interesting question 🙂

Henry: For the initial NFT, We will generate some random heroes and list them on the marketplace with the basic skills. Player can buy some of them then join the battle. The skills get higher level after every wining. After that they can sell heroes back to marketplace.

Andrés M. | Satoshi Club: What kind of heroes can we find at the beginning?

Henry: The first part of the game take place in the Middle Age, We choose Three Kingdoms from china. You can get the famous heroes like Guan Yu, Zhang Fei, Huang Zhong

 …

Gold Rocket | Satoshi Club: by the way, I went to your Marketplace and saw very beautiful NFТs there. but I didn’t understand how I can buy heroes

Henry: It’s quite simple. Just connect to wallet like metamask, then call the buy NFT function from smart contract and voila … you get the heroes

Gold Rocket | Satoshi Club: I’m looking forward to this moment 🔥🔥🔥

Gold Rocket | Satoshi Club: Thanks for your answers

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

Henry: Yes, go ahead

Andrés M. | Satoshi Club: It seems simple, I will try after AMA😁

Henry: But please note that It is on testnet only

Henry: donot deposit any real BNB 🙂

Andrés M. | Satoshi Club: Oh got it, thanks for the clarification

Q2 from Telegram User @victorogb

$MAT will have a total supply of 100 Million tokens of which 15% will be allocated to Treasury, and another 15% allocated to “Play to earn” with other ecosystem allocations taking up the remaining 70%. As these are vital for the economic and operational overlays of MyMasterWar, kindly let us know how these allocations will be utilised, what will be the function of your Treasury and asides this initial allocation, what are it’s seconadary funding sources, and talking on your Play to Earn allocation, do you think this will be sufficient to cover all gaming activities? Finally, since $MAT is key to all activities on your platform, can you provide us with it’s overall utilities?

Gold Rocket | Satoshi Club: all the more need to try 😁

Henry: The Treasury allocation is locked for at least 60 months and is reserved for the game ecosystem. MAT token can be bought back and utilised in the game too. We have calculation and make sure that the MAT token will be sufficient for the game for a long run.

Henry: MAT token can be used to:

 – Buying game items: such as weapons, equipments

– Upgrade levels: such as VIP-01, VIP-02 …

– Game rewards: players will receive rewards when they win a battle,

conquer the stronghold …

–  Referral system: When players refer friends to play the game, they

will receive an amount of MAT tokens proportional to the referral’s

trading volume.

– Staking: Players can stake their MAT token in the game system to

receive rewards

Andrés M. | Satoshi Club: Multiple usecases, what are the tokenomic features of MAT? Max supply and market cap?

Henry: The tokenomic is divided into many parts such as for advisor, marketing, game ecosystem, … (Checkout our website for more detail).

The max supply is 100.000.000 MAT with the initial cap is  408.000$ and the hardcap of  12.000.000$

Gold Rocket | Satoshi Club: https://mymasterwar.com/#token

Gold Rocket | Satoshi Club: Thanks for your answers

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

Henry: Yup

Q3 from Telegram User @Orlemys

I noticed that there is no Telegram Spanish Community for your project. Latin America is without a doubt the biggest crypto play-to-earn market, so this made me curious. Don’t you have plans for marketing there? Do you have any ambassadors plans we can apply to? What would the requirements be? How can we help your platform grow?

Andrés M. | Satoshi Club: We noticed you have a big community😁

Henry: Yes, We have a global, big community. Currently We have a community from 7 countries and thank you for your suggestion, We will expand to the Spanish community. If you are interested in our project, please join us too.

Gold Rocket | Satoshi Club: do you have an ambassador program?

Andrés M. | Satoshi Club: Do you have different local telegram communities? Could you share us the links?

Henry: We are setting up and public soon 🙂

Gold Rocket | Satoshi Club: Thanks for your answers

Andrés M. | Satoshi Club: Will be great, we have a lot of Hispanic members that would be happy to join 😃

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

Henry: Go ahead 🙂

Q4 from Telegram User @JaviSuBs™

Where can I play MyMasterWar, in what systems can I get it, can I play it on mobile phones and on the PC? There are versions for Android and IOS, what does my PC need to be able to play it? can it be played in 32bit as in 64bit? tell us a little what are the main features of the game and how do they work? Is the MyMasterWar game completely finished, or will we see more advances in the game in 2022? can give us more details of the game’s features. Thanks

Henry: Users can play the game on a PC or a mobile phone; we will update the game for iOS in the future. After the launch, the game will be released, and we have already prepared our services for people to enjoy.

Henry: MyMasterWar has completed the development for both game and blockchain integration. We are currently running on BSC testnet and waiting for the official launching.

Andrés M. | Satoshi Club: Is needed a PC with high technology to play or everyone can play the game?

Henry: The normal PC is enough.

Andrés M. | Satoshi Club: And what about security, have you done some audits processes to verify everything is ok?

Henry: Security is our most concern. We have worked with internal pentest company and also Certik to audit the project. We only launch the game when everything is ok.

Audit by Certik is in progress, you can check results once It finish here: https://leaderboard.certik.io/projects/my_master_war

Andrés M. | Satoshi Club: Security first, great job👏👏. Thank you so much for your answers

Gold Rocket | Satoshi Club: Safety first 👌 thanks

Andrés M. | Satoshi Club: Let’s proceed with the next question

Henry: Yes.

Q5 from Telegram User @Jamesxmen

Within fourth quarter of 2021, MAT token will be listed on more than 10 exchanges including the Pancakeswap according to My master war roadmap. Did you already have a friendly talk with the exchanges? Can we know the names of the exchanges that you are going to list MAT tokens? Presently, Binance listing is a huge trend since the token price will pump due to the rumours & rally. Is the binance exchange also in your exchange list?

Henry: PancakeSwap will be listed after IDO, (early Oct). We also worked with some big exchanges but I cannot tell the names. It’s under the NDA 🙂

Gold Rocket | Satoshi Club: thanks a lot for the answers. by the way, share your roadmap😊

Henry: Sure, roadmap is here: https://mymasterwar.com/

Gold Rocket | Satoshi Club: Thanks for sharing! Ready for the last question of this part🔥

Henry: Yes, I am waiting 🙂

Q6 from Telegram User @yellowchamp

With Mymaster war platform,players can earn by inviting others to play the game and players can play the game and win challenges. Firstly,can you explain the mechanics of inviting friends in your platform? How we can earn by inviting friends with in your platform?What is the reward we can get through inviting and what is the reward for new player or new gamers in Mymaster war? Lastly,what kind of challenges we have to win to earn profit in your platform?Does this game needs money to play or it is free to play to earn? Can you explain the structure and system of the challenges that Mymaster war is offering to players? Is there a ranking system of those challenges? Thank you

Henry: Invite your friends to play the game, and you’ll get rewarded as well as enjoy the product we provide. Furthermore, you do not need to deposit money to begin the game; you can play and gain experience without depositing money. After the actual experience, you will have a better understanding of the game’s quality and will be able to decide if you should play for entertainment or to both entertain and earn extra money by playing game

Andrés M. | Satoshi Club: Like a referral system?

Henry: Yes.

Andrés M. | Satoshi Club: Btw, is any kind of KYC needed to play the game?

Henry: No need.

Henry: You are free to play

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Marcos2002

In “Q4 2021”  You are planning For CEX Listing  ,Can you tell us What plans have you made to insure that Token do not make a dump when listing on Exchange ?

Henry: Most of the tokens are for game ecosystem. We have only small allocation for private sale. The teams, advisors … allocations are locked transparently in smart contracts. We also reserve $ to buy back the token. So It’s hard to dump when listing on exchanges.

Q2 from Telegram User @OpLoverBoy

Does the project have a token burn or buyback system to attract investors to the project?

Henry: We donot have plan to burn the token. But we will buyback.

Q3 from Telegram User

Henry: Most of the NFT games at this moment are quite simple in terms of game ideal and game playing. Mymasterwar  has a series of different game scenarios which means that players may have a chance for experiencing many game scenarios. They may have played the game in the Middle Ages and also in the future. I think the cool design, the play 2 earn, profit sharing model and our backers are also good advantages that not many games may have.

Q4 from Telegram User @Roseaugust

Where can and how i buy your token. Any staking procedure?

Henry: Currently the token is for private sale only. You can participate in the public IDO (on 4th Oct). Staking will come after IDO.

Q5 from Telegram User @cenkkargin0666

Mymasterwar game is based on the Chinese history of the 3 kingdoms in general, why does the Mymasterwar game come out with such a different scenario? Does using the characters of history bring a limit to the game? Will it be in different scenarios in your game?

Henry: if we told you that this is a fantastic blend of ancient and modern? There will be no limits; we will constantly update and innovate to ensure that our goods meet the highest standards in terms of both functionality and entertainment value. Players will learn more about the game’s strengths as a result of this combination, including how the character layout and evolution alter over time to become a superhero, have a nation, and its own soldiers.

Q6 from Telegram User @adaatalay

Do I need to buy NFT or coins to play the game and have sufficient or superior power? Can I start playing the game freely?

Henry: You can start playing the game freely. The NFT heroes increase the chance to win and get more reward

Q7 from Telegram User

Henry: There are many scam project lately. It’s hard to persuade one’s minds :). Please check out the project carefully, and wait for the real products to be launching.

Q8 from Telegram User @Orlemys

We’ve seen the most hyped NFTs in play-to-earn games decrease in value over time, so will My Master War be a sustainable platform? what are your long-term plans?

Henry: Not only are we ready to run for a long-term project with both material and spiritual significance, but we’ve also meticulously prepared for this war. In today’s play to earn games, and will rise to the top of the popular NFT Game titles. What makes us not proud is our careful investment in the game and our refusal to keep customers waiting for long periods of time.

Q9 from Telegram User @blekinyelo

who can play MyMasterWar and are there certain requirements or qualifications to play it? for beginners who want to try playing MyMasterWar is there a step by step or tutorial to play it?

Henry: Mymasterwar is designed for everyone, you donot need to have any special skill to play. We will public the tutorials before launching the game.

Q10 from Telegram User @Kabirkapoor9

What kind of information do i have to provide to register on MyMasterWar platform to begin my gaming Journey? Is there any option to play without registering on Platform to play anonymously?

Henry: We need only your email address, It’s also used as the username. When you buying items or NFT token, We also need your wallet address to sync the data from marketplace to the game. It’s just basic information. We use it for the game and communication (for example: notify when deposit, withdraw …) and we do not collect any information beside that.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of MyMasterWar. 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:

MyMasterWar Website – mymasterwar.com
MyMasterWar Telegram – @mymasterwargroup

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 EvryNet and our guest, @Korapata. The AMA took place on the 24th 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

Pat Arunanondchai: Hi everyone!

Andrés M. | Satoshi Club: Hello everyone, it is a pleasure for us to introduce you, EvryNet project. @Korapata is here to tell us more about it.

Jonah 🏅🎹 | Satoshi Club: @Korapata, welcome to Satoshi Club!

Pat Arunanondchai: Thanks for having here and for the opportunity to introduce our project.

Andrés M. | Satoshi Club: Thanks for choosing our community to do it😃

Welcome to Satoshi Club. How are you today?

Pat Arunanondchai: Busy working on Evrynet😄

Jonah 🏅🎹 | Satoshi Club: Awesome, excited to be here I believe.

Pat Arunanondchai: Of course!

Andrés M. | Satoshi Club: Haha we understand perfectly. Then let’s begin with a short introduction about you. What is your position into the project?

Pat Arunanondchai: So my name is Korapat or you can also call me Pat. I’m the project lead at Evrynet.

I look after the product side and also on the marketing, but really I help out with whatever is needed.

A little on my background, I came from VC. We invested into micro finance platforms in Southeast Asia.

But during my time in investment, I also was exposed to a variety of blockchain investments opportunities. I’ve always had an interest in the technology and the growth of the industry since I was exposed to blockchain back when I was doing my MBA in 2015.

Andrés M. | Satoshi Club: Nice to meet you😃

What is the essence of Evrynet? What was the inspiration to create it?

Pat Arunanondchai: Evrynet originated as a passion project of the co-founders Chatchaval and Tridbodi. At the time they were focusing on developing a layer 2 global remittance and payments network, but saw a need for an open-source platform to provide financial services and products catering for the unbanked/underbanked.

And thus Evrynet – the De-Fi network for “Evryone” to build financial products and services on was created!

Jonah 🏅🎹 | Satoshi Club: Interesting to see where your interests have brought you😊

Pat Arunanondchai: Was just waiting for the right project/opportunity to come along really😉

Andrés M. | Satoshi Club: Excellent, I think nothing happens by chance.

How big is your team?

Pat Arunanondchai: We have around 50+ people and we’re looking to hire many more as there’re a lot we want to do!

Jonah 🏅🎹 | Satoshi Club: You’ve got an impressive team number👏

Andrés M. | Satoshi Club: Yes, big family👏

Well, it was a pleasure to know more about you @Korapata, now let’s proceed with the community questions to know even more about Evrynet😃

Pat Arunanondchai: Awesome, excited to see what people want to know about us!

Q1 from Telegram user @Josegamboac:

Evrynet consists of the following core technologies: Evrynet Core, Evryscan, Evryhub and Evry.finance. Can you explain each of these technologies offered by Evrynet? What benefits does each of these technologies offer? Are they already available for use?

Pat Arunanondchai: Good question, let me go over them then.

• Evrynet Core is our own blockchain. It’s a fork from Ethereum blockchain, but the proof of work consensus is replaced with Tendermint proof of stake.
• EvryScan is our in-house blockchain explorer. It has all the features any common explorer would have.
• EvryHub is the key that enables seamless cross-chain interoperability which, at launch, will support ERC-20, BEP-20 and Stellar native token XLM. We will progressively be adding more blockchains in 2022 to build a true Evry (blockchain) network)!
• Evry.Finance is a proof of concept dApp that we’ve built from the ground up with a focus on bringing institutional investors into De-Fi via a simple to use, yet feature-rich, platform. The platform addresses two key pain points which prevent institutional investors from joining De-Fi, being difficulties with fiat to stablecoin conversion and vice versa, and attractive, long-term, stable yield products.

Andrés M. | Satoshi Club: Which benefits PoS consensus provides to your project that other consensus doesn’t do?

Pat Arunanondchai: This addresses a critical issue relating to scalability and transaction speed. It will also enable us to control the gas fee.

Andrés M. | Satoshi Club: Got it, thanks for the clarification and great explanation about your products.

@Jonahapagu do you have any additional question?

Jonah 🏅🎹 | Satoshi Club: Your explanations are clear and your products are👍

Q2 from Telegram user @victorogb:

In the last quarter of the year: Q4 2021, EvryNet will look to launch the Evry Wallet on both Andriod and iOS and Evry.Finance v1.5. Even as these products are expected to drive adoption and improve on the service delivery, thereby scaling products to a broader and wider market, can you extensively talk on them, what will be the major features of the Evry Wallet, what kind of transactions and operations can be carried out with it, will EvryNet also have a desktop version of this wallet? Finally, with the awaited upgrade of your flagship product: Evry.Finance v1.5, what improvements will it offer users?

Pat Arunanondchai: Quite a few things to unpack there.

EvryWallet will initially be launched to support iOS and Android. We don’t currently have plans for a desktop version, but we will eventually have our own soft wallet like Metamask available.

EvryWallet will have features and services common to the majority of other wallets on the market.

When the orderbooked feature of Evry.Finance is launched late this year, we intend to look at integrating the ability to perform market/limit orders through Evry.Finance order book, as well as participate in liquid and staking programs, plus allowing for swap between various supported cryptocurrencies.

Additionally, as crypto increases towards a regulated space, we also intend to provide institutional focused functions that allow for increased security through detailed KYT and transaction records, enhanced security built-in such as the ability to create and execute multi-sig contracts and other items that we feel could be important for regulators.

Andrés M. | Satoshi Club: What about a physical wallet? Is it in your plans?

Pat Arunanondchai: We currently don’t have a plan for a physical wallet.

Andrés M. | Satoshi Club: Got it! Would you like to add something before the next question?

Pat Arunanondchai: We can move to the next one!

Jonah 🏅🎹 | Satoshi Club: Alright.

Q3 from Telegram user @Ajpaa:

Evrynet is built around Tendermint and within your contract network, users will be able to specify their preferences in terms of whom they allow to see and execute their smart contracts in order to preserve confidentiality and reliability. Evrynet will intelligently select one or more qualifying nodes to execute a smart contract according to user preferences relying on the reputation score of individual nodes. How does Evrynet ensure that only qualified, reliable and trusted nodes execute smart contracts in your network? What criteria do you use to determine the reputation score of individual nodes? How can users join as nodes?

Pat Arunanondchai: This is part of what we described in our whitepaper as the “reputation system”. For this, each node will have a score that represents the “trustworthiness”.

The score is calculated based on a few criteria:

1. The amount of time a node spends in a smart contract’s execution.
2. The correctness probability of smart contract execution.

The reputation score is updated each time a node participates with a smart contract execution. Nodes that have a higher reputation score are more likely to be chose to execute contracts and earn the Evry reward/fee.

At the beginning, we’re having our institutional partners runs the nodes. We will look to allow users to become nodes as well, although we don’t have specific details currently.

Jonah 🏅🎹 | Satoshi Club: Do you see this two criteria’s as sufficient enough in determining the trustworthiness score? Will you add more criteria’s as the system develops?

Pat Arunanondchai: To explain a bit more in detail, EvryNet’s reputation system can augment the credibility of individual users or EvryNet nodes. Within the reputation system, all user accounts and EvryNet nodes in the EvryNet network are dynamically updated with reputation metrics based on behaviours, reliability, and contributions to the network. The evaluation of the contract execution outcome is also considered in the reputation calculation.

We’ll also leverage upon eKYC/KYT service to provide the chain of trust for each user account or EvryNet node, serving as a reputation bootstrap.

Andrés M. | Satoshi Club: Please tell us more about your institutional partners, who are your most important partnerships?

Pat Arunanondchai: We’re backed by a few traditional partners, to name a few, they’re UOB Bank (Singapore), CP Group (Thailand), Hanhwa Investment and Securities (South Korea), Hashkey (Hong Kong), Uni President (Taiwan), Seven Bank (Japan).

From the crypto side, we have a close technical partnership with Kyber Network and Stellar Foundation which also help contributed to the development of our platform.

Andrés M. | Satoshi Club: Important and big brands, congratulations👏

Jonah 🏅🎹 | Satoshi Club: You have great partners I must say👏

Pat Arunanondchai: Thanks, they’ve been helpful to our development!

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

Q4 from Telegram user @bigboicity12:

Evrynet provides the infrastructure that allows developers and businesses to build an unlimited number of Centralized/Decentralized Finance (CeDeFi) applications. I noticed that many projects see Ce-Fi as a real problem, want to get rid of it completely, while others like EvryNet think they have the necessary features. So depending on your point of view, Ce-Fi is necessary or not? Or is it really necessary? And what do you think about the explosion of the NFT + De-Fi association that is causing a lot of interest in the world? How does your project leverage and exploit this fact?

Pat Arunanondchai: From a regulatory perspective, Ce-Fi is necessary and we feel it wont be going away anytime soon.

Even if there was a point where we could work in a purely De-Fi world, there would still be a need to transition between the two, so we are future proof for that.

We believe that there is a lot of room for growth in the NFT and De-fi world. Axie Infinity is a good example of Play to Earn game based NFTs with liquidity pools for in-game items.

NFTs bring up a very interesting crossover between crypto gaming and current gaming mechanics for cosmetic items. So beyond the common purpose of protected DRM content commonly used, in-game cosmetic items could be freely bought, auctioned, or exchanged in Evry.Finance.

We don’t currently have short term plans to support NFT on Evry.Finance, but it’s something we’re actively looking at supporting.

Andrés M. | Satoshi Club: In your opinion, which one could provide more benefits for users, Ce-Fi or De-Fi?

Pat Arunanondchai: Depends on the situation and users really. DeF-i offers more flexibility and control over assets and generally less fee, while Ce-Fi offers more security and more diverse range of financial products and services. This is an area we’re looking to expand with our Evry.Finance.

Andrés M. | Satoshi Club: Great point, I agree with you, it depends of the perspective and aims of each user.

Pat Arunanondchai: In terms of institutional investors, there’re still a need to operate under a regulatory framework, something that De-Fi can’t provide. So that provides a barrier to entry for some of the institutional investors.

Jonah 🏅🎹 | Satoshi Club: I agree with you in this👍

Q5 from Telegram user @Jmagsss:

I browsed into your roadmap and saw that by Q2-Q4 next year, EvryNet plans to deploy its “Virtual Swap” product. Can you tell more details pertaining this specific product? What will be the structure of your virtual swap? For its initial release, what will be the tokens/coins that can be traded? How is it different from the traditional token swaps/exchange platforms we see today?

Pat Arunanondchai: For Virtual Swap we will be an evolution of EvryHub, where the smart contract will be automatically settled on both chains, regardless of the blockchain. Evryhub will provide the ability to perform an atomic swap on both chains.

Evrynet will then monitor the chains and submit the transaction sequences to claim the assets for the initiator and participant on both chains.

It’s an exciting technology we’ve been working on for some time so, will be a major development for us next year.

Andrés M. | Satoshi Club: Very innovative btw😁

Jonah 🏅🎹 | Satoshi Club: By the way, can you share us your roadmap?

Pat Arunanondchai: Yep!

We provide our roadmap on our website here: https://evrynet.io/#roadmap

Jonah 🏅🎹 | Satoshi Club: Thank you for sharing👍

Andrés M. | Satoshi Club: Let’s proceed with the next question😃

Pat Arunanondchai: Yep, sounds good!

Q6 from Telegram user @Antoni_azx:

Evrynet is considered a De-Fi app that provides dedicated institutional features among which is a fiat to non-fiat on ramp/off ramp, can you tell us about the details of this feature? Will Everynet have integrated payment services such as debit or credit cards for use on other platforms? What are the benefits of using Evrynet as a bridge to the fiat world?

Pat Arunanondchai: We do not have plans to have the ability to store digital fiat in the wallet at launch as in most countries, this is a regulated service and requires a specific licence.

We do intend to look into that in 2022, but it won’t be at launch.

The biggest issue institutional investors face is moving fiat currency into the De-Fi space. Evrynet, through the CeDeFi nature of how we’ve built the network, not just with our own underlying technology, but also with our technology partners, will help to significantly reduce lag time for these investors to move fiat currency into a De-Fi platform and back again.

At launch, Evry.Finance will be providing select tokens to swap, provide liquidity, stake and farm. We will be ramping up institutional support and provide additional financial products in 2022.

Andrés M. | Satoshi Club: Thanks for clarify it, could you tell us something about the coming public sale of you token? What will be the main use cases of your token?

Jonah 🏅🎹 | Satoshi Club: And also share your tokenomics as well.

Pat Arunanondchai: We do have a plan token sale sometime in October. They’ll be more announcements on that at a later date closer to the sale.

For people who are intrested, they can follow our news from the channels we have: https://linktr.ee/evrynet

For the token use, it’s a utility token for the Evrynet platform.

It’s used for:

• Gas fee for dApps and DeFi projects on Evrynet
• Base token for liquidity pool (yield farming)
• Base token for swap on decentralized exchange
• Base collateral and asset for lending
• Collateral stake for validator nodes
• Delegated voting on network governance
• Block reward for validator nodes

Jonah 🏅🎹 | Satoshi Club: Satoshi clubbers follow this💪

Andrés M. | Satoshi Club: Don’t forget to share the info with our community😃

Pat Arunanondchai: Will do! We’ll actually launch our CMC campaign as well!

https://coinmarketcap.com/currencies/evrynet/airdrop/

Jonah 🏅🎹 | Satoshi Club: Awesome, I’m sure the Club members will be interested in this👍

Andrés M. | Satoshi Club: Is the max supply established?

Pat Arunanondchai: Yes, the max supply is 1 billion tokens.

Andrés M. | Satoshi Club: Thanks for sharing it!

Jonah 🏅🎹 | Satoshi Club: Do you have a breakdown of how these 1 billion tokens will be allocated?

Pat Arunanondchai: We do have a breakdown on our website on the tokenomics. For those interested they can check it out!

Jonah 🏅🎹 | Satoshi Club: Thank you!

Andrés M. | Satoshi Club: Well @Korapata, thank you so much for your answers in this first part of the AMA!

Pat Arunanondchai: Thanks.

Jonah 🏅🎹 | Satoshi Club: Before we proceed to the second part of the AMA, do you have any useful links you want to share with the community or anything to add?

Pat Arunanondchai: Yep, just to share again, all of our social media links are available through this link: https://linktr.ee/evrynet

Andrés M. | Satoshi Club: Now is time to proceed with the live segment, our community is excited to interact directly with you🥳🥳

Pat Arunanondchai: Great!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Jonathantross:

Can you please tell us about your project name “Evrynet”, what does it signify?

Pat Arunanondchai: Evrynet stands for “Everybody’s Network”. When our founders started Evrynet, they saw a need for an open-source platform to provide financial services and products catering for the unbanked/underbanked. Using blockchain technology, they wanted to create a platform to improve financial inclusion for everyone, hence the word “Evrynet”.

Q2 from Telegram user @satishgmr:

As you are working with real world companies to allow tokenizing real world assets, could you tell us about these companies?

Pat Arunanondchai: Due to the sensitive nature of the projects currently, we can’t mention them by name specifically. What we can tell you is that the first projects being brought to the platform are from leading real estate developers in South East Asia.

Q3 from Telegram user @Fazilfazillll:

Nearly almost 4/5 of investors are focusing purely on the prices of tokens in short terms instead of understanding it’s real value and health of the project. Can you tell us on motivations and benefits for investors to hold your token for long term?

Pat Arunanondchai: We’re able to receive backing from leading corporations because they believe in our long term vision for our project. As a utility token, holders will benefit from the growth of the system as more transactions = more fees, which drives the price of the tokens. We also have a lock up period for our early backers and investors to ensure no short term dumping. That should give some confidence in our long term future for the general community.

Q4 from Telegram user @SHELBYWINAMA:

Is there an interesting story behind the construction of the Evrynet project? Have you ever encountered problems when setting it up? And how do you solve this problem?

Pat Arunanondchai: When we originally started this project, cross-chain crypto currency transactions were not possible. It is only in recent years that technology has caught up with our aspirations, so we were able to look at publicly releasing EvryNet. The virtual swap piece is a huge part that has taken three years of development, so we’re very excited to have that planned for release next year!

Q5 from Telegram user @Orlemys:

You’ve talked in an article about the current crypto situation where hacking and exploiting of funds has become a regular occurrence. What are you doing to protect your platform from these malicious hackers? Is there any insurance in your platform?

Pat Arunanondchai: Security is a top priority, especially given the history of hacks and data breaches that have occurred in crypto. Before launching EvryNet to the public, we will be undergoing security audits of our smart contracts with three reputable companies in the crypto cybersecurity space. Once the security audits are complete, we will have these audit reports available to the public.

The audits are quite comprehensive and don’t just look at the contracts and code individually, but also into interlocking aspects of each component or contract.

For Evry.Finance, we are also looking at various mutual insurance coverage options to protect user funds. We will be making an announcement once the insurance coverage is finalised.

Q6 from Telegram user @Ajpaa:

I noticed that Evry.Finance is said to be launching soon and while reading through your document, Evry.Finance will go a long way in helping to bridge real-world assets/yields to De-´´´´Fi. How will Evry.Finance product be deployed in your ecosystem and what are some of its features? What sets/type of real-world assets/yields will you be transferring to De-Fi? What will be the requirements for users to do this?

Pat Arunanondchai: As mentioned in the previous question, we’re looking to offer long term fixed yield through tokenizing real world asset. Apart from the real estate project we mentioned, there is another real estate project currently being considered together with a eco-friendly power utility project.

Another yield product we’re looking to bridge liquidity from De-Fi to liquidity providers to Microfinance platforms in Southeast Asia.

Q7 from Telegram user @Phunsuk9999:

What role does community play in the ecosystem of Evrynet? Are you planning to take feedback sessions in coming days or months?

Pat Arunanondchai: We always look for community feedback to improve our products. We’re launching our dAPP Evry.Finance soon and will look to incorporate some form of user feedback questions into one of the activities that we will do to promote it.

As for the future of the ecosystem, we want to provide a building blocks for other projects/developers/communities to build dApps on our sytem. We hope to accomplish this towards the end of 2022.

Q8 from Telegram user @DF3295:

Recently China has banned crypto for the hundredth time, how is Evrynet dealing with so many different situations and regulatory frameworks? Is it easy or complicated?

Pat Arunanondchai: EVRY token is a a utility token that we have a supporting legal opinion for to launch the platform as we’ve indicated. So at least for now, we’re not encroaching on any regulatory hurdles.

As we’ve specified earlier, we are building Evrynet and its products with a regulatory framework mindset. Things such as audit reports, ISO27001 security requirements, ISO20022 considerations, AML/CFT recommendations from FATF, etc. So we feel that if regulators come knocking we’ll have everything covered!

The second part to this is that as part of building our CeDeFi network to support institutional investors, we’re also working with licensed/regulated entities to ensure we’re building trustworthy and reliable on/off ramps.

Q9 from Telegram user @doithay1617:

The color of the logo is a combination of green and blue, why not other colors? What does it mean?

Pat Arunanondchai: The color represents the earth with green = land, blue = ocean. It illustrates that we want our network to be for everyone.

Q10 from Telegram user @Asela1112:

With KyberDAO platform, you made a proposal to liquidity mining program to help improve liquidity for the $EVRY token on KyberDMM protocol. What are the currency pairs that LPs may provide to the mining pools and what will the LPs receive in return? How about the vesting period, will you allow to claim daily basis or weekly basis?

Pat Arunanondchai: For the proposed liquidity mining program, LP tokens will be provided for users who deposit tokens on the EVRY-ETH and EVRY- USDT pools. The LP tokens received can be staked to receive additional EVRY and KNC token rewards as well.

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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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 Clout.art and our guest was @jurez. The AMA took place on 24 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 Clout.art! Welcome to Satoshi Club😀

Paul Mont | Satoshi Club: Today’s guest is @jurez! Welcome! Great to have you here!

Jure Z ⛓🚀: Hey, thanks Paul, nice to be here! 👋

Mary | Satoshi Club: Welcome here, Jure! How are you today 😊

Jure Z ⛓🚀: Good, good excited to share more about our project 🙂

Mary | Satoshi Club: Hello, Veronica 👋

That’s great! Let’s start our AMA 🚀

Paul Mont | Satoshi Club: Let’s go @jurez, please introduce yourself and tell us more about Clout Art

Tell us about your background and also the core principles and foundations about the Clout Art project 😉

Jure Z ⛓🚀: So I’ve been in the NFT space from the very early day. I co-founded a company back in 2018 that built the first NFT protocol for NFT validation and authenticity

We also worked directly with the lead author of ERC-721 standard and helped him push that from an EIP to a confirmed ERC

Last 2 years, I was a part of couple ventures around NFTs, but you wouldn’t believe that 2019 no one would invest in an NFT business

Paul Mont | Satoshi Club: That puts you in the league with the early pioneers of the NFT industry 🙂

Jure Z ⛓🚀: That’s true 🙂

I basically know all the guys from the early days… some have really taken off!

Paul Mont | Satoshi Club: As I like to say that is a great business card for an introduction 🔥🔝

Jure Z ⛓🚀: Continuing here… so 2y ago no one would believe you could sell a jpeg for $500 lol

Well now, here we are… Clout.art started in my head a year ago around this idea that ALL THE CONTENT ALREADY EXISTS we just don’t have the right toolset to monetise it

Starting with Instagram, as social media is the content we consum the most, we built a product to do just that

Take valuable content from legacy web 2.0 social platforms and turn it into NFTs — web 3.0

But what Clout.art, as a product does is simple: It takes existing, legacy content and turns it into a liquid asset by making it an NFT

Mary | Satoshi Club: Jpeg😂 i heard some people don’t like this name😂😂😂😂

Paul Mont | Satoshi Club: I feel this is a simple, yet potentially paradigm-changing amazing epiphany. So true indeed 😄

Mary | Satoshi Club: Who are in your team?

You will work only with NFTs? 😀 Any other products?

Jure Z ⛓🚀: NFTs are special because they’re the content layer of the decentralised web (or web 3.0)

when you have that you can do the actual value exchnage without having to involve a middle man or a tech platform

Mary | Satoshi Club: That’s true😀

Jure Z ⛓🚀: I think the real value of NFTs is just surfacing… there’s so much more utility than just collectibles and avatars

but on the platform side, here’s the important part

we are not building a social media platform 😄

a lot of projects are trying to do a social media platform that use NFTs

Mary | Satoshi Club: I know some😀

Jure Z ⛓🚀: speaking to 10+ founders who have tried (and most failed) building social media networks in the past, the learning is: it’s one of the hardest things EVER to build a functional social network

user need a really good reason to abandon what they have and move to something new

so the question is… will they abandon the communities that they’ve build over the last 10y and switch to something novel, just because… it has NFTs? 😄

Probably no.

We’re a monetisation layer that sits on top of Instagram, and later TikTok, YouTube, Twitter.

Mary | Satoshi Club: Yes, i saw a lot of projects trying to build social network on blockchain, but… I can’t see anyone that succeed

Jure Z ⛓🚀: We want our users to use and leverage these communities, and after the engagement is drained, just turn it into an NFT and make money off it

And the more engagement you get initially, the higher score and consequently price you could have

Mary | Satoshi Club: Brilliant idea💎

Jure Z ⛓🚀: Thanks 🙂

Paul Mont | Satoshi Club: I can see how the possibilities are just endless, what Web 2.0 has already is a gold mine for users and on the enterprise side 🔥

Jure Z ⛓🚀: Indeed… and I think despite the space evolving so fast, we’re trying to jump ahead, when real adoption takes time

TikTok is the latest big player on the scene — they knew VERY WELL that they have to integrate connectivity to IG, Messenger, YT, Snap… so instead of shuting those channels out, they’re leveraging them to get new users

Mary | Satoshi Club: Blue ocean strategy?)

Jure Z ⛓🚀: and imo, that’s the right way to do it nowadays

Paul Mont | Satoshi Club: Also leveraging on the rooted communities of the actual dominant social platforms is a paving-way strategy for taking care of the mass adoption issue – I gotta agree, it’s truly brilliant 😁

Paul Mont | Satoshi Club: As @madamlobster asked you earlier, how many core members are actually working on the development of Clout Art?

Jure Z ⛓🚀: Oh right, I almost answered that 🙂

Our Slack is growing on a daily basis, the total number of people involved with the project is not 30+, the core team however is the product and marketing — that’s 11 people that are doing their best to get this out there

Ofcourse after the recent raise, we want to hire more

https://medium.com/cloutdotart/alphabit-fund-leads-strategic-investment-round-for-clout-art-25b4bf152b96

Mary | Satoshi Club: Quite big team 👍

Paul Mont | Satoshi Club: And I can see that they’re all public on the website – you definitely have my praise. We, at Satoshi Club, love the transparency 😉

Mary | Satoshi Club: Congratulations, you got excellent investors!

Jure Z ⛓🚀: I honestly don’t get anonymous projects, lol

Mary | Satoshi Club: Lol, there are thousands around😀

Jure Z ⛓🚀: Put your money and reputation where your mouth is, right? 😄

Mary | Satoshi Club: Golden words!

Paul Mont | Satoshi Club: Ok @jurez,  thank you very much for the stunning, in-depth intro 🔥

Jure Z ⛓🚀: Happy to 🙂

Paul Mont | Satoshi Club: We’ve selected some questions from the community, which we’d love you to answer in order to get to know more about Art Clout!

Mary | Satoshi Club: Jure, thank you for your intro! After it i am even more excited to see your answers 😀

Jure Z ⛓🚀: Sure, let’s do it

Paul Mont | Satoshi Club: Haha ditto! 🙌🔥🔝

Q1 from Telegram user @splend6ty

I read that cloud.art can possibly turn my most valuable content such as most successful Instagram post into NFTs.

How does Clout.art turns people’s most valuable content, such as most successful Instagram posts, into unique NFTs?

How will my content become part of a valuable collection of assets and a source of income?

What do I need to do as a cloud.art user to achieve this amazing opportunity?

Jure Z ⛓🚀: Yes, this is true. Clout.art started with Instagram, but eventually any content (or social media content) will be available for minting as an NFT

We have a secret — we figured out how to do the minting bit in a way where most value is perserved

Mary | Satoshi Club: So, how?😀

Jure Z ⛓🚀: So we look at not only the picture, if you want to mint a picture just use OpenSea 😄

We have developed a proprietary algorithm that takes into account everything around the post

Likes, comments, sentiment, followers, different ratios… even time component! The older the post, the more valuable it is.

And when we mint, we make sure all of that gets recorded and stored on-chain.

We are obsessed with value transfer from web2 —> web3

Mary | Satoshi Club: Can you show us how this NFT can look like?😀

Jure Z ⛓🚀: And we figured out that, in order to keep the value, you have to delete the original post 😉 Burn it!

Paul Mont | Satoshi Club: A crystallized, on-chain piece of history 💎

Jure Z ⛓🚀: BURN. MINT. EARN.

Check out the minting process here 😉

Mary | Satoshi Club: Haha, that’s cool slogan 👍

I can do this only with my own posts, right?

Jure Z ⛓🚀: Yes, only your posts.

After you get verified

Paul Mont | Satoshi Club: The process design seems very simple and intuitive – easy-peasy 👍

Mary | Satoshi Club: Ok, i need to think how i can get million likes😂

Jure Z ⛓🚀: True 🙂

Mary | Satoshi Club: Nice beginning)

Thank you Jure for your answers! Ready to proceed?

Jure Z ⛓🚀: Let’s go

Q2 from Telegram user @DK177         

It caught my attention that you are planning to integrate with TikTok in the next quarter. Partnerships can determine the direction of a project. Can you please let me know what are the mutual benefits of this collaboration between CloutArt and TikTok? How does TikTok impact on the future developments of your project? Further, your roadmap ends from the first quarter of 2022. You have planned to begin accepting voting proposals from token holders within that quarter. It indicates that you have more future goals. What is your ultimate target? Please explain about your future plans to achieve that target because they are not included in the roadmap.

Jure Z ⛓🚀: It’s a good question with a complicated answer incoming 🙂

So yes, TikTok is on our todo with an actual mobile app by the end of this year.

And that one is pretty obvious — TikTok is the leading social media platform now

Governance beginning of next year is basically the introduction to how we want to position and build the $SWAY ecosystem

Mary | Satoshi Club: Yes😀 btw, do you have acc there?

Jure Z ⛓🚀: Keep in mind that Sway is a protocol that powers Clout.art and the token we’re selling now

But also a standalone product that now interacts with Clout.art, but could later work with OpenSea, Rarible, etc.

The idea behind SWAY is in helping creators establish web3 enabled creator economies

Clout.art is just the first product… which is actually funny, because projects usually build a protocol and then try to find a use case. We did the product first and the figured out that we need a underlying blockchain tech to support it 😄

I think we don’t have time to dwell deep into Sway, but read more here https://swaysocial.org

Paul Mont | Satoshi Club: So you’re saying that future partnerships will be influenced/decided via the protocol governance?

Mary | Satoshi Club: Yes, i already started 😀 it is worth exploring

Jure Z ⛓🚀: The goal is to have the decentralized layer really decentralized as in — we shouldn’t be callng the shots that influence the token or how and where it is integrated

So yes, we’re all about decentralization and DAOs 🙂

Mary | Satoshi Club: What kind of governance system will you have?

How your users will vote?

Jure Z ⛓🚀: I don’t think we’ve decided on the details yet, but we’re starting of with a council and ending with a equal distribution of voting power among token holders with a council veto option

But that’s still to be figured out, bigger fish to fry atm

Mary | Satoshi Club: Gotcha! We will follow your updates 😀

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

Jure Z ⛓🚀: Let’s go 🚀

Q3 from Telegram user @Cheriemike

Clout is working on market verticals such as mainstream and extreme sports, influencers’ moments, and popular culture, and you seek only a limited number of these one that you can manage. My question is, how many of these market verticals do you currently have on your platform? Does that also mean that you will allow anyone to absolutely own and monetize any content they put up online that falls within these verticals?

Jure Z ⛓🚀: Yes, these are the verticals we want to start with. A lot of this space is still unexplored and it’s not only about the people we’re trying to get, but also about how crypto-savvy they are (at least in the early stages)

We’re happy to welcome anyone — we don’t have to manage anybody, they can all do it themselves

the platform — these verticals were described as a go-to-market approach

And yes, what you mint is your — we don’t even touch it

Mary | Satoshi Club: But how you will control content?

Jure Z ⛓🚀: It goes straigth to you wallet 😉

Mary | Satoshi Club: If it is something unacceptable?

Jure Z ⛓🚀: We can’t control all the content, but will have an editorial function to feature the best ones out

If an NFT is inappropriate/gets flagged, we remove it, and disable it treadeability — the minter will also get free lifetime permaban 😄

Mary | Satoshi Club: Understand 😀

Paul Mont | Satoshi Club: No second chance ☝️

Jure Z ⛓🚀: Think of it this way: we’re the tool that helps you turn what you already have into something you can earn money of directly

Q4 from Telegram user @Jmagsss

Can you tell us your policies to what will happen if a user’s social media account got deleted/reported/banned from the social platform itself? Will the minted NFT degrade/decrease its value and price? Will the NFT be burned also together with the deleted social media account? How does Clout Art deal with these scenarios?

Jure Z ⛓🚀: Amazing question!

So, the one thing we can do is freeze an NFT and ban/remove the user from platform. Other than that, there’s not really a lot of options. Once the NFT is in the wild, it goes around. It’s the same with other NFTs to. That’s why I think it will be important to check the validity on our site before buying

Mary | Satoshi Club: Are you always agree with social platform decisions? When they ban users?😀

Jure Z ⛓🚀: That’s what the decentralized layer should be solving, right? I think it’s not in our capacity initially to moderate content, but we will have a kill-switch if something like that is required

Paul Mont | Satoshi Club: So, to be clear, if I create an NFT out of, let’s say, an old Instagram post of mine, the NFT belongs to me. Then if my account gets banned for whatever reason, how will other users be able to buy it if they wanted to? Will it be lost forever since the owner (me) doesn’t own anymore the NFT equivalent (as I understand it) ?

It’s a very curious scenario to me 😄

Jure Z ⛓🚀: No, if you delete it it’s still there. But if it gets banned or removed and reported to us, we will permaban you as well.

You’re free to mint all your posts into NFTs and delete your IG, lol 😄

Mary | Satoshi Club: 100% guarantee 😂

Paul Mont | Satoshi Club: I see, clear now, thank you 😊

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

Jure Z ⛓🚀: Sure thing

`Q5 from Telegram user @Orlemys

According to your roadmap, in July, you launched the first version of your platform to investors and early adopters. Would you tell us what were some of the benefits you gave the early investor in particular? How many people participated? Are there any special airdrops coming soon? What would be the requirements?

Jure Z ⛓🚀: That’s true, we’ve been busy over summer onboarding early token buyers and users into the platform. We also had an airdrop campaign where over 100k people signed up to get in.

We plan to do another airdrop in the next couple months and that will mostly depend on the activity of users in the platform. So the more NFTs you mint, the better chances you have to get in 😉

Mary | Satoshi Club: Is this Ethereum chain?

Btw, how many NFTs were already minted?

Jure Z ⛓🚀: I can’t tell from the top of my mind… probably 100+

But you can find them all on OpenSea already 🙂

 (if you’re a bit resourceful)

Mary | Satoshi Club: Do you charge additional fee for minting? Or it’s just gas cost?

I will😀

Jure Z ⛓🚀: No fee, not even gas… we pay for the gas 😉

Paul Mont | Satoshi Club: This is cool ✨🙌

By the way, safety is so important for the users as well, have you been audited or are audit plans in the works yet?

Mary | Satoshi Club: Wow, this is so sweet 🔥🔥🔥

Jure Z ⛓🚀: So it’s actually the easiset way to get your own NFTs — everybody has an IG account

We are just finalizing an audit with a third-party auditor and will be releasing a report beginning of next week 👍

Paul Mont | Satoshi Club: Great news! Gotcha! 🙌🙌

Mary | Satoshi Club: Super! Don’t forget to share results with us 😀

Thank you for your answers! Ready for the 6th and last question from this part?

Jure Z ⛓🚀: Haha, make sure to join our Tg and we will 😉

Let’s go

Q6 from Telegram user @Rotoxy

Some posts especially videos on social media already have ads embedded in them because the owners of such accounts had accepted for their accounts to be monetized.

Most of this post usually have large amount of engagement on social media. Will there not be a legal tussle between Clout and the social media companies if such posts are minted?

Do you have any agreement in place with social media companies since they are the ones providing the platform to make posts viral?

Jure Z ⛓🚀: Great question!

Yes, some posts are already ads and have made money to creators.

But our role here is very minimum, so there is very little legal liability in terms of what happens with the content.

When a users decides to mint with us, he fully undersands and adheres to the terms where we are a technology provider

By providing technology we can’t be hold responsible for what end-users do. It’s like holding Adobe responsible for when users use Photoshop to modify images 🙂

Mary | Satoshi Club: May be in the future big companies will mint NFTs with ads on your platform themselves 😉

Jure Z ⛓🚀: Think of us as Craig’s list — we give you the tools, how you use the tools is up to you. But we do verify the creator and monitor the content to the best of our ability.

Paul Mont | Satoshi Club: Very fitting analogy, very clear 😁

Mary | Satoshi Club: Jure, thank you for this informative first part!

Part 2 — live questions from the Telegram community

Q1 from telegram username @Orlemys

What are the minimum engagement numbers needed to convert our posts into NFTs? Do you have plans for partnerships with celebrities? Wouldn’t their NFT posts be extremely great in value?

Jure Z ⛓🚀: Minimum is 150 followers and account that is at least a couple months old. Yes, we are talking to some celebrities, but it is possible that your old post will be more valuable than their superpopular post from yesterday. That’s how the algorithm works.

Q2 from telegram username @superhero_898

We have seen in past the viral images & memes have turned in to costly NFT’s, But it happens rarely, Do you think platform will have bigger opportunitues for users?

Jure Z ⛓🚀: Yes! And not only for super viral memes, but also everyday users. Our plan is to support the microcreators in building and monetising his community with his/her content.

Q3 from telegram username @doithay1617

It seems that Cloud Art is only for celebrities, right? Because no one will buy the average person’s NFT, they have no fans!

Jure Z ⛓🚀: Not true at all. You have numerous microinfluencers (some we even talk to) that have devoted and loyal small communities. We’re pretty sure they’ll be able to sell their NFTs.

Q4 from telegram username @K2ice

What will be the percentage of Clout art in whatever NFT I mint?

Jure Z ⛓🚀: 0% 🙂

We’re free to use, we don’t take a cut because of a different business and economic model 🚀

Q5 from telegram username @esrarengizbtc

Now that you’re inviting users to convert their content into NFTs and sell them to their followers or wider audience by highlighting them in your collection drops, is converting content to NFT simple enough for users of all levels to do? What conditions must a content meet in order to be included in your NFT collection?

Jure Z ⛓🚀: That’s what we’re trying to improve on a daily basis. We need to have a super simple onboarding experience, and for now, crypto people understand it easily. However we’re still far from mainstream and plan to put a lot of R&D into that in the future.

The content must be from someone with at least 150 followers and a non-new account.

Q6 from telegram username @Ajpaa

Hello Jure

The initial issuance of SWAY is 100 million with a further 100 million to be distributed as incentives for platform adoption. This means that there will be continuous issuance of new tokens, up until the 200 million cap. Since content creators join the platform and create pools while users stake $SWAY into the pools, who gets the platform adoption token/incentive among the two adopters? If the two platform adopters gets the token/incentive, how is the token allocated/split to them? Is there anything a content creator or SWAY token staker do to increase his allocation if the incentive?

Jure Z ⛓🚀: Hi Ayuba Peter, love this one!

The way additional supply gets distributed is not through an inflation curve but by new creators joining the platform and establishing new creator pools. The newly issued SWAY then gets distributed based on a number of factors and to everyone in the ecosystem based on different ratios.

So the creators as well as stakers would get that. Hope that answers the question. But I love that you’re interested in that so send me a dm and we can discuss more 👍

Q7  from telegram username @Rakshhitx5

Private Sale waitlist of cloud. art is open. So what are the conditions to get selected in the private sale waitlist?

Jure Z ⛓: It’s very simple. We look at who could add value to the project in any capacity. If you can get us an intro to Donald Trump so he would mint a few posts… you’re in 😄

Q8 from telegram username @My1queen

Hi

⛵️⛵️

You said that “once NFT is in the wild, it goes around” what does this mean and what is the process of checking the validity of a NFT in CLOUT ART website.

Jure Z ⛓🚀: Yes, that means that once the NFT is minted, you can’t really stop it or withdraw it. There are ways to freeze it, but the idea behind decentralization is just that — not getting banned by some centralised entity.

Q9 from telegram username @nguyenben

What determines the value of NFT after Posts into NFT ?   @jurez

Jure Z ⛓🚀: We don’t give the value as in monetary value in $$$ or MATIC. We only provide an index that helps you decide. And that index is based on likes, shares, comments, sentiment, different ratios, age…

The market has to decide on the value and price 🙂

Q10 from telegram username  @King_Raja

I missed the Airdrop that was Given to early adopters in July Month, Do You plan to launch any airdrop program any time soon?

Jure Z ⛓🚀: Like mentioned above… yes, another airdrop is happenning! So stay tuned, mint at least one NFT and stick around for when the magic starts to happen 😉

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/

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Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/cloutdotart      

Twitter: https://twitter.com/cloutdotart

PART 1. Introduction of Radix project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about an open, interconnected platform where the full range of powerful DeFi applications will be built securely and safely.

Radix is the only decentralized network where developers will be able to build quickly without the constant threat of exploits and hacks, where every improvement will get rewarded, and where scale will never be a bottleneck.

The plan of AMA session:

1. Part – Introduction and preselected questions.
2. Part – Live questions
3. The Quiz about Radix

The reward pool is 500$

Leading the AMA our clever and fun admins:

Paul Mont | Satoshi Club –  @Ballantines87on

Andrés M. | Satoshi Club – @AndresM77

The Representative of the project:

Adam √ – from Radix DLT – @Adam_XRD –  Head of Strategy @ Radix DLT – radixdlt.com

Introduction of Radix project.

Paul mont | satoshi club:

Hello satoshi clubbers! Today we are excited to announce our ama session with radix! Welcome to satoshi club 😄😀

Andrés m. | satoshi club:

Hello dear satoshiclubbers. Welcome to an exciting ama session. Today our friends from radix are here to share with us.

Paul mont | satoshi club:

Today’s guest is @adam_XRD! Welcome! Great to have you here!  😁

Adam √ – from radix dlt:

Hi everyone! Glad to be here!

Andrés m. | satoshi club:

@adam_XRD welcome to satoshi club

Paul mont | satoshi club:

The pleasure is ours adam 🔥 how are you today? 🙂

Adam √ – from radix dlt:

Doing great thanks – been very busy with lots of exciting radix stuff and excited to be here representing radix again 🙂

Andrés m. | satoshi club:

Let’s remember our past ama with radix project https://esatoshi.club/radix-x-satoshi-club-ama-recap-from-30th-of-june/

Paul mont | satoshi club:

And we’re here to get to know anything about the exciting news you have in store for us 😉

So please tell us more about your background, your past experiences and please introduce radix to our satoshi clubbers, especially the latest members 😁

Adam √ – from radix dlt:

I would love to.

I’m the head of strategy at radix, which means i work very closely with our ceo, piers, and also run the marketing, community and comms teams. I have been involved in a few start-up and scale up businesses, including a video platform that scaled to 35m monthly active users, co-founded a crypto project that is still running successfully today, and then joined radix last year to help accelerate growth and fulfil our mission to build a network that can support the whole $360t++ global financial system on defi!

For those that are new, radix is the first layer-one protocol specifically built to serve defi. Radix is “defi done right”, because it is the only decentralized network where developers will be able to build quickly without the constant threat of exploits and hacks, where every improvement will get rewarded, and where scale will never be a bottleneck.

The key benefits of radix and our technology stack are:

10x more productivity for developers, meaning defi can be built faster on radix, and more innovative products can be made.

100x more security for investors, meaning that dapps built on radix are far more secure from hacks and exploits thanks to our purpose built development environment for defi, including our unique programming language scrypto.

1000x more scalability than any other decentralized network, meaning that radix is the only network that will be able to manage the millions of tps needed for defi to go mainstream!

Andrés m. | satoshi club:

Great experience and interesting products for the community

Paul mont | satoshi club:

Thank you @adam_XRD, great intro! 🙌 it’s a perfect business card paving the way for our community questions section 🙂

There are many details that we’d like to flesh out and learn about radix. So without further ado, if you agree, we can move to the community questions 🙂

Adam √ – from radix dlt:

Let’s go! 🚀

Preselected questions about the Radix DeFi project.

Andrés m. | satoshi club:

Q1 from telegram user @emnking

XRD is the radix network native token, that was launched in july 2021. XRD is required to pay transaction fees in the radix network and to earn staking rewards by staking it. I discovered that XRD can only be purchased on bitfinex exchange. Why is it so please? Are there plans on ground to make XRD available on other exchanges. Why did you choose solely bitfinex as the only platform where one can buy $XRD??

Adam √ – from radix dlt:

Great question.

You are correct, XRD is the native token. There is also the ethereum wrapped version, eXRD, which will always be swappable 1;1 with XRD.

EXRD was launched first, in november 2020 so we could begin to distribute stake as widely as possible prior to the genesis of the radix mainnet, to ensure there was good distribution for the delegated pos system radix uses.

EXRD is currently actively traded on: uniswap, kucoin, gate.io, aszendex and mexc.

XRD is currently available to purchase on bitfinex. Other exchanges will be adding support for XRD, but due to our mainnet launching recently (july 28th), it takes some time.

The good news is that you can always swag eXRD for XRD. Currently, you can swap using instabridge.io or bitfinex, with other exchange partners adding support for swapping soon 🙂

Andrés m. | satoshi club:

Which benefits pos system provides to radix different to others?

Adam √ – from radix dlt:

The radix dpos system means that all token holders can participate in choosing the validator nodes that participate in consensus, and earn rewards for doing so.

Minimum to stake is 90 XRD, so very accessible for all holders. By staking, token holders earn a share of the 300m annual XRD emissions.

Validator nodes are ranked by the amount of stake they have, with the top 100 participating in consensus. Radix already has over $100m of XRD staked to over 130 validator nodes all across the world. We are really proud of this, as it means the radix network is already very decentralized and protected from sybil attacks.

Andrés m. | satoshi club:

What is the APY for staking?

Adam √ – from radix dlt:

Currently it is 20%. If people are interested, you can use our staking calculator here: https://www.radixdlt.com/#radix-staking

Paul mont | satoshi club:

Very accessible indeed, and interesting rewards allocation ✨🙌

Thank you for the in-depth answers @adam_XRD 🙂 ready for the next community question?

Adam √ – from radix dlt:

Yep!

Really good questions so far – great work from all the satoshi club members who submitted such good questions!

Andrés m. | satoshi club:

Q2 from telegram user @rotoxy

From your document, you said that the security of radix blockchain is heavily dependent on your validators nodes. How many validator nodes exist within the radix blockchain and how are these validators formed or located? Who can become validators? Why do you allow XRD holders to chose validators and delegate their tokens to them which these validators use in partaking in network consensus? Can’t this option be misused? What reward or slashing model have you design to ensure that nodes are committed to good behaviour that will promote the technical ability for maintaining transparent security of blockchain?

Adam √ – from radix dlt:

Validator nodes are those running the radix node software and have flagged themselves to accept stake. The top 100 nodes, ranked based on the amount of stake they have delegated to them, participate in consensus for the radix network.

Radix is a permissionless network, so anyone can set up a node and register it as a validator to start accepting stake. The node will only begin participating in consensus if it is ranked in the top 100 for that epoch.

Currently, we have over 130 validator nodes, with 100 of those participating in consensus. In future versions of radix, this limit will increase, especially where fully sharded cerberus is launched, as it has something called linear scalability – that means more nodes = more tps.

Token holders delegate their stake to validators, but the tokens are never in the control of the validator, it just weights their impact in consensus. Therefore, to ensure the radix network remains as decentralized as possible, the ideal scenario is that stake is split across as many performant, geographically distributed validators as possible.

As the nodes are ranked by delegated stake, it means token holders decide which nodes participate in consensus – ensuring that radix remains fully decentralized and permissionless.

Token holders are incentivised to stake to high quality nodes as when a node you stake to is participating in consensus, stakers earn a share of the 300m XRD annual network emissions. If the node you are staking to is not running or misses consensus rounds, you get less rewards.

Paul mont | satoshi club:

Great, thorough explanation, thank you 🙏 Is there a slashing/punishment mechanism in place for bad actors in the network?

Andrés m. | satoshi club:

Thanks for the complete and clear answers, all this process is secure? Have you done audits to verify everything is ok?

Adam √ – from radix dlt:

Currently the punishment is rapidly decreasing rewards (to 0 at 98% uptime). We will be bringing in slashing in a future update.

All these systems are built by our core team, we work with various auditors who are in the process of reviewing things – we will release more details as it comes.

The software is also opensourced on our github here: https://github.com/radixdlt

Paul mont | satoshi club:

Safety is a never-ending and felt concern in crypto land. It’s truly great and relieving to read that you’re duly anticipating and taking care of this critical topic 🚀

In our last ama with piers we were eagerly awating for Olympia’s mainnet launch, now it’s time for the next phases. The next question is just about that 😉

Andrés m. | satoshi club:

Let’s proceed

Q3 from telegram user @cenkkargin0666

Olympia, the first release of the radix core network, followed by alexandria, babylon and xi’an. Are these stages integrated with each other or work differently? When one version ends, what will happen to the previous version when the other one starts, will it be deleted and disappear?

Adam √ – from radix dlt:

There are some pretty big differences between each upgrade. We will ensure each upgrade is as seamless as possible for users.

Let me explain what each release brings.

The Olympia release was to bring the core network online. This is the foundation all future releases will build upon. It enables staking, token creation, and sending/receiving of tokens.

Next we have the Alexandria release, due at the end of this year. This release is the first taste of radix’s purpose build defi programming language, scrypto. Developers will be able to start coding locally using scrypto, and running the dapps on their local machines.

In 2022, we release babylon. This is where the radix defi ecosystem comes to life. The network is upgraded for radix engine v2, enabling defi dapps to run on the network!

In 2023, xi’an will be released. Xi’an is upgrading the core network to a fully sharded state that will enable unlimited linear scalability (more nodes = more tps) that is able to do millions of tps+ while also maintaining atomic composability!

Andrés m. | satoshi club:

Xi’an will be the final phase? Or you will have more stages?

Adam √ – from radix dlt:

Well, let’s just say it is as far as we have announced so far 😉

Andrés m. | satoshi club:

Thanks for the answer, very interesting ecosystem👏

Adam √ – from radix dlt:

Dan, the radix founder, has even being doing virtual testing of interplanetary dlts using our technology – so there are definitely a lot of future things we will need to implement https://twitter.com/fuserleer/status/1346868942447517696

Paul mont | satoshi club:

Now that’s something i would call futuristic for our time 🔥🚀

Andrés m. | satoshi club:

Completely agree, we are excited to see what is coming around that technology. For now, let’s proceed with our 4th question

Q4 from telegram user @highpee

During your last visit to the club on june 30th, you talked about Olympia mainnet which you said will launch on 28th july. To come with Olympia release is your own wallet which you said you build using “headerless chromium” that can equip your wallet with best security tools and practices. How has your Olympia mainnet and all other components that were released with it such as token creation, explorer, wallets, instabridge, performed since you launched them? Also, how are you planning to rectify the current downtime your wallet is experiencing as a result of ddos attack that it is presently suffering from? How best can a user access their fund in this wallet and use it securely for now, until you find a permanent fix?

Adam √ – from radix dlt:

The Olympia release went well, but also as ever had some challenges. I believe it is best to be transparent about these things, as with a mission as large as replacing the $360t tradfi industry, there are sometimes things that don’t go to plan!

First up, the good points of the Olympia launch:

The core network is running perfectly, with over 130 validator nodes already registered and more than $100bn of XRD staked to the network within the first month (about 45% of circ supply at the time!).

We also launched the radix wallet, radix explorer, instapass (our single sign-on solution for kyc in defi) and instabridge (a way to swap eXRD to XRD). These all worked well, other than a few initial issues with instabridge that meant swaps were taking a bit longer than we expected. The good news is that instabridge is now working well, and we also have the ability to swap eXRD and XRD on bitfinex, with other partners coming up soon!

A few weeks ago, we had some issues with the wallet and explorer, as the radix archive nodes were being subject to a sophisticated and large scale ddos attack. The good news was that the core consensus was not affected, but it did result in users having issues using the wallet and explorer due to time outs.

We have mitigated most of that attack now, but there are currently some new issues with the wallet timing out. Our team are working on that now, and will have a fix in place for Friday. You can learn more about radix status updates on: https://status.radixdlt.com/ – this is a new page we put live today 😀

As Russell explains on the video in on the status.radixdlt.com page, the current issue with the wallet is still just affecting the interface, rather than the core network. This is causing some users difficulty, but the core network (and assets) are not effected.

Andrés m. | satoshi club:

Thanks for the sincerity with the community

Paul mont | satoshi club:

Yes, actually cool news, and friday is just around the corner 😉

Thank you for the exhaustive answer 👍 let’s move onto the next question, shall we?

Adam √ – from radix dlt:

Ready when you are 😀

Andrés m. | satoshi club:

Q5 from telegram user @arisabela

I saw a recent announcement from the radix team research division recruiting people with a focus on economics and stable coin algorithms so i’ll assume you are cooking something big on this regard, could you tell us about your future plans to improve the radix stable coin algorithm and your economic model?

Adam √ – from radix dlt:

Big question that our ceo piers could spend (and does spend) a lot of time discussing!

At the genesis of the radix network, 2.4bn tokens (10% of max supply) were locked in a stable coin reserve indefinitely (or burned if not used within 10 years). We kept this reserve as our view is stable coins are one of the most important elements to a successful defi ecosystem, and we have done years of work on algorithmic stable coins and how they could work within the radix ecosystem.

We have seen a wide degree of success in the industry with stable coins, and we have some big plans that we are exploring for an algorithmic stable coin on radix.

Decentralized stable coins provide a mechanism to lock up large amounts of tokens, as well as provide a useful decentralized store of value for other applications to use – so the work we are doing around this could be very powerful in expanding the use and adoption of the radix defi ecosystem.

Paul mont | satoshi club:

So something’s definitely coming in the pipeline! Can we expect some relevant announcement about the topic in the near future?

Andrés m. | satoshi club:

Great answer, please tell us about the tokenomics of the token, max supply and current market cap?

Adam √ – from radix dlt:

Of course:

Circulating supply is 9.6bn XRD + network emissions to date, due to the indefinitely locked stable coin reserve*.

12bn XRD total supply, with no new tokens or unlocks other than the 300m annual XRD network emissions for staking.

24bn XRD maximum supply will be reached in a minimum of 40 years with the 300m annual XRD emissions.

Additionally, XRD tokens are locked via delegated proof of stake (dpos). Over 1bn tokens ($110m+) are currently locked in staking in just under 2 months since the radix public network genesis. This further reduces the floating supply (the number of tokens available for trade on secondary markets).

All transaction fees on radix (paid in XRD) are burnt. Approximately 15,000 XRD has already been burnt since the network went live on july 28th, 2021.

Adam √ – from radix dlt:

Current market cap is around 1.1bn.

Paul mont | satoshi club:

Great, great. Thank you very much. This is the last question for this very first part of the ama, then we’re heading into the live part of the session 😁

Adam √ – from radix dlt:

Sounds good

Andrés m. | satoshi club:

Q6 from telegram user @victorogb

Radix recently concluded it’s final token unlocking event with the remaining eXRD tokens unlocked due to very high staking levels across a wide range of validator nodes. Obviously, this activity has greatly impacted the radix economy and your defi ecosystem, as new and improved volumes have been added across board. Can you carefully provide us with some economic data on the positive significance of this final token unlock, how has it increased circulating supply and the financial stat with your defi services, and as financial numbers increase, how has it directly influenced community growth and service adoption across all channels?

Adam √ – from radix dlt:

This is correct, the radix community and radix token holders wanted to unlock the remaining radix tokens to accelerate the adoption and distribution of tokens. You can read the full details about the unlock here: 

https://www.radixdlt.com/post/final-token-unlock-complete

Since the unlock, we have seen great support form the community and wider industry. The token price has increased from around $0.09-$0.10 before the unlock, to currently $0.12.

Shortly after the unlock, we also saw the amount of XRD staked on the network increase significantly, to over 1bn XRD!!!

This continues to show the large degree of support and confidence radix holders have in the project, and our ability to deliver on our vision to bring the $360t++ global finance system onto defi on radix!.

Outside of the token, the launch of the radix mainnet and the token unlock has also brought a large amount of awareness to the project. The main radix twitter account (https://twitter.com/radixdlt) was at about 30k followers before our mainnet launch in july. It is now just under 90k, with over 100m views in the last month!

Andrés m. | satoshi club:

Congratulations, currently where and how we can buy the token $XRD?

Adam √ – from radix dlt:

You can find all the places here: https://www.radixdlt.com/#token

Paul mont | satoshi club:

Great milestones being achieved and ecosystem growing! Uber congratulations 🔥🔥🚀

Thank you very much for the clear answers @adam_XRD!

Now it’s time to proceed with the live segment of the ama. Time to interact with our community members 😁

Andrés m. | satoshi club:

Let’s check it satoshiclubbers, a great opportunity to invest😃

@adam_XRD thanks for your great answers, is time to interact with our dear community, let’s proceed with the live segment. Would you like to share useful links before?

Adam √ – from radix dlt:

I would love to.

Best place to find things is:

Radix website

https://www.radixdlt.com/

Radix twitter

https://twitter.com/radixdlt

Radix telegram https://t.me/radix_dlt

Paul mont | satoshi club:

Thank you! We will also take the opportunity to remind at the end of the ama 😉

PART 2.Questions about the Radix project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Radix crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @Rosane1a88

 In the website of Radix, it is written that scale will never be a bottleneck, does the platform have a maximum of transactions or simultaneous users it can support? Or do you consider it virtually infinite? Also developers are able to build quickly without the constant threat of exploits and hacks, how can the platform ensure security in a level that hacking attempts will never be a problem?

Adam √ – from Radix DLT:

This is a fantastic question.

The unique thing with Radix is that our unique consensus mechanism, Cerberus, has no maximum TPS.

This is because Cerberus has a near limitless shard space (2^256 shards, more than every atom on earth. What makes cerberus really special though is that any shard can communicate in real time with another shard. This means atomic cross-shard transactions can occur. This is unique to Radix, as all other sharded networks break atomic composability, and therefore break DeFi!! You can read more about this here: https://www.radixdlt.com/post/breakthrough-in-consensus-theory-scaling-defi-without-breaking-composability

Radix consensus, Cerberus, also has unlimited linear scalability, this means more nodes = more TPS. University of California even wrote a paper about the maths behind our consensus algorithm proving it: https://arxiv.org/abs/2008.04450

Q – 2 from a telegram user @tahanisg

The names you use within Radix (Olympia, Alexandria and Babylon) caught my attention. Can you tell us a little bit about what these names mean to you and how Radix represents it? 

Adam √ – from Radix DLT:

As Radix is a long term project, aiming to bring the $360T++ global financial system to DeFi on Radix, we have some pretty big releases to get there.

When naming these releases, we choose historically famous monuments that are still known millennia later, as our goal is to build the Radix network to last for equally long times!

Olympia was named as it is the city of the Statue of Zeus, celebrating creation.

Alexandria is the city of the Lighthouse, lighting the way for explorers (developers)

Q – 3 from a telegram user @Antoni_azx

Radix claims to fix the big problem of DeFi hacks, those are big words since we’ve seen that even the most sophisticated exchanges have suffered from this at any moment, could you tell us what parties are involved in Radix security system and how do you incentivize them I achieve the greatest security mechanism from the crypto world?

Adam √ – from Radix DLT:

So the big change here is compared to Solidity, the programming language for the ethereum virtual machine (EVM).

Many projects are using the EVM so people can port current dApps faster. The problem, is Solidity is not purpose built for DeFi or financial transactions, which means developing secure applications with it is extremely hard.

This leads to there often being hacks of exploits, especially when multiple dApps are used together – e.g. with flash loan exploits.

Radix is solving this by having a purpose build DeFi development enviroment with the Radix Engine and the programming language Scrypto.

This introduces fundamental systems to building DeFi that enable it to be more secure, and easier to build. As a result, developers can build faster with less worries about hacks and exploits. 

Q – 4 from a telegram user @NAZMP2

Radix Royalty program will help other projects to succeed, Can you tell more about this program? How would you select project to help?what are the conditions?

Adam √ – from Radix DLT:

The Radix Royalty program is a really exciting element of Radix.

Basically, when a developer deploys a competent/blueprint (Radix smart contract), they can add a royalty fee for each time someone uses it in a transaction.

This means that if you are one of the first devs on Radix, and say built a simple component essential for a DEX, every DEX may choose to use that for every transaction. You could add a small royalty each time it is used, and earn money every time your code is used.

Altneratively, you could make a really specific and powerful component, but it may only be used once a year (but be worth millions) so you could add a large royalty.

This means the free market decides which components should be incentivised, rather than just grants.

Q – 5 from a telegram user @BJosefina61

It is believed that regulations are aimed at destroying innovation, from RADIX, how do you see the future between regulation, connection with the traditional economy and innovation?

Adam √ – from Radix DLT:

Regulations are coming. As we have seen with coinbase, binance, and more, if we want DeFi to interact with the wider financial system, there will be some form of regulation.

At Radix, we are prepared for this, and even adding tools such as our Instapass service (single sign-on KYC for DeFi) to help users and Radix developers prepare.

What is really important though is that we are building these things as optional – if developers want to use them, they can, but nobody has to. That means Radix will always be a permissionless network.

Q – 6 from a telegram user @limonsjb

Can you list 1-3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?

Adam √ – from Radix DLT:

1 – Radix increases DeFi developer productivity by 10X! This means more dApps, better dApps, and a bigger DeFi ecosystem on Radix faster!

2 – Radix provides 100X more DeFi security. This means less hacks, exploits and bugs. So investors don’t need to worry about using DeFi.

3 – Radix provides over 1000X more scalability than any other decentralized network. This means Radix is the ONLY network where global scale DeFi can thrive. DeFi today is just 0.02% of global finance, to have 100% of it, the network will need millions of TPS. Only Radix can provide this.

Q – 7 from a telegram user @limonsjb

How can I buy this tokens? Is it available on any exchange?

Adam √ – from Radix DLT:

You can buy Radix tokens on a range of places, such as Bitfinex, KuCoin, and Uniswap.

You can find all options here: https://www.radixdlt.com/#token

Q – 8 from a telegram user @Pratze

as i understand, Radix network use base of Ethereum network, so how Radix handle problem the High Gas Fee from ETH network ? any plan to bridge or support other chain like BSC,DOT or SOL?

Adam √ – from Radix DLT:

This isn’t correct, Radix does NOT use the Ethereum network – we use our own Network.

The Radix network has unlimited, linear scalability, which means there is no limit to the amount of TPS it can scale to. On Radix, scale will NEVER be a bottleneck.

In past versions of our technology, we have demonstrated Radix doing over 1.4M TPS.

Q – 9 from a telegram user @Deleted

Deleted

Adam √ – from Radix DLT:

Radix is definitely a long term project, our goal is to replace TradFi by giving developers everything they need to create a global, decentralized network on financial applications.

We know this will make finance better for you, me, our children and great grandchildren.

To put it in perspective, DeFi today is TINY. It’s 0.02% of global finance. That means it can get AT LEAST 5000X bigger than today.

We are building Radix to manage the whole $360T global financial system of today, and more!

Q -10 from a telegram user @Akira236

I am very excited for the upcoming release ” Alexandria”
As it is for defi Developers,
What if any new users wants to come in this space?
Will it be easy for him?

Adam √ – from Radix DLT:

Alexandria introduces Scrypto, Radix purpose build DeFi programming language.

There are two goals here:
1) Make it quicker and easier to build DeFi
2) Make dApps more secure

By doing those two things, it means more people can become DeFi developers confidently. This is not only new users who want to come into DeFi, but also providing the tools Traditional finance developers need to feel comfortable building secure code!

Alexandria comes out at the end of this year, so keep an eye on radixdlt.com for some exciting updates here in the near future.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Radix project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

  English Telegram group  |  Russian Telegram group   |  Spanish Telegram group  |  Telegram Channel   |  Twitter |  Website 

Our Crypto Partner by this AMA: Radix

Telegram group  | GitHub |  Tweeter  |  Website  |  Facebook

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Waggle Network, the Cross-chain Marketplace Protocol for Vested Tokens. They bring the opportunity to invest in primary market deals to retail investors like yourself. The AMA took place on September 23 and our guest was @pattypus, Ops Lead for Waggle Network.

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.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Andrés M. | Satoshi Club: Hello dear community, another AMA session right now. Let’s talk about an incredible project, Waggle.

Jonah | Satoshi Club: @pattypus welcome to Satoshi Club.

PS |Waggle: Hey everyone! Thanks for having me.

Andrés M. | Satoshi Club: Let’s begin the AMA with a short introduction about you, what is your position into Waggle project?

PS |Waggle: I’m the Ops Lead for Waggle Network. I help the team manage the day-to-day operations and keep things live on Waggle.

Andrés M. | Satoshi Club: So, what is the essence of Waggle? What are the main products and benefits do you offer?

PS |Waggle: thanks for the question! we are building a marketplace for everyone to buy vesting tokens. I’m pretty sure some of you have always dreamt of entering private sales of the projects you like, but can never do so because they are exclusively accessible only to the bigger investors like VCs and angels. With Waggle, we are bringing these deals to you. We find projects who want to raise community rounds after IDO to fund their development, and get them to sell locked tokens to you guys at a discounted price to the market.

Q1 from Telegram User @splend6ty

I read from your medium that with WAGGLE’s strong deal flows and strict due diligence procedure, WAGGLE are planning to provide the retail investors curated opportunities to purchase vested tokens previously inaccessible to them. My question, when will you provide this curated opportunity to the retail investors? What will be the requirements for the retail investors to be able to access and purchase the vested token that was previously inaccessible? How long can a retail investor continue to invest with WAGGLE before gaining access to this opportunity?

PS |Waggle: Retail investors have to go through KYC (but only once! We are partnering with Synaps, you guys should be familiar with how effective their KYC solution is). To participate, you just have to stake our tokens on our platform in any period you like. We will be offering 90/180/270/360 days lock-up with different set of APR. Your staked amount will be aggregated and the sum will determine your participation allocation for the deals on Waggle Market. Upon locking in your tokens on our protocol, you will gain access to opportunities on Waggle Market. Do note that if you withdraw prematurely, you’ll forfeit your staking rewards and face potential penalties!

Andrés M. | Satoshi Club: For example, what is the APR for 360 days staking?

PS |Waggle: Great question – keep your eyes peeled for our announcement on our staking programme closer to launch… We are going live in October on Solanium! 👀 We can expect competitive APR, for 360 days we’ll definitely make up for the illiquidity with an additional premium in double digit.

Andrés M. | Satoshi Club: Btw, could you give us a little explanation about what vested tokens means?

PS |Waggle: for those unfamiliar with vesting, projects often raise funds by selling vesting tokens which unlock and release to investors in trenches. This is to minimise price depression from increase in circulation in the token’s economy.

Q2 from Telegram User @Manugotsuka

Congratulations for raise more than $3.0 Million to build your multichain marketplace for strategic token sales, can you give us a little overview about what do you want to do with that money? How do you plan to build this new platform?

PS |Waggle: Thanks @manugotsuka, we will be allocating the funds to operations which includes marketing, legal, partnerships, hiring of non-tech executives, and also on platform development. If you take a look at our roadmap, you will see our ambitions to revolutionise the way vesting tokens are traded in the crypto world! These dreams require a lot of resources and we are thankful for our backers.

Jonah | Satoshi Club: Great can you give examples of Backers of your project?

PS |Waggle: https://medium.com/@wagglenetwork?p=3e2291643ce3 Give the article some claps, will ya? Over here, you can find an article on our backers… Some common names you probably will recognise – Spark Digital, GBV, Skyvision, AU21.

Q3 from Telegram User @KathDM

We know that including the community in the governance of the project is beneficial as it adds value to the community’s opinions and suggestions. Will the Waggle team accept the community to participate in the selection process for projects to be launched on the Waggle platform? Will your governance system allow the community to vote for each project in a transparent and secure way?

PS |Waggle: Waggle team will allow community to participate in the selection process for projects to be featured on Waggle Market. Voting is done in a hybrid manner, votes are casted on chain and then saved on a centralised database. This is analogous to snapshots for airdrops. The vote-weight of a user is based on the amount of tokens the user has (regardless if staked) at the time of casting the vote. We will slowly convert this to fully decentralized application with on-chain voting. The reason behind releasing a semi-decentralized solution first, is because we want to capture community engagement as soon as possible!

Andrés M. | Satoshi Club: What are the main usecases of the token?

PS |Waggle: The primary utility is tiered participation, staking rewards (as your stake qualifies you for fee distribution), and lastly governance!

Jonah | Satoshi Club: If the vote weight is dependent on amount of tokens user holds… do you have a limit or a way of ensuring that those with the bigger wallets are not the sole decision makers here sidelining the small holders?

PS |Waggle: in the spirit of decentralisation, we won’t hold veto power to negate votes bigger wallets but if the intention is malicious, we will hold follow-up vote sessions within the community with higher weightage to smaller wallets. This can be greatly discussed later on!

Q4 From Telegram User @Asela1112

I noticed, you are going to implement on chain trading of locked tokens via NFT among $WAG token holders in Q1-2022 according your Roadmap. Actually How will this feature get in to work? I meant, in which manner will we trade locked tokens via NFT since the tokens are locked already? What is the point of NFTs that take place on trading here? Will users be able to trade tokens or NFTs through this feature? Please explain this feature which is scheduled to implement in throughout the first Quarter of 2022?

PS |Waggle: The NFT is financial by nature and will carry the rights to the vesting tokens upon release. You are essentially exchanging something similar to an IOU but for vesting tokens in the form of NFT. You can sell the NFT to another user via Waggle Market at a fair value determined by market forces. The NFT will represent a vesting position and owner of the NFT will receive tokens when they vest.

Andrés M. | Satoshi Club: Could you share us your roadmap? What is the greatest event coming for next quarter?

PS |Waggle: Other than enabling the p2p trading via NFT on Waggle Market (think of a DEX for Locked Tokens), we are also looking to build vaults for you guys to stake Waggle tokens and earn from a basket of tokens that previously raised funds through Waggle Market.

Q5 From Telegram User @DK177

It caught my attention that you have four investment tiers, Mini bee, Worker, Drone bee and Queen bee. However, you have not provided information on the minimum investment amount and the time frame relevant to each tier. Can you please share these details with us? By the way, whale activities has become a major threat to fresh projects. By introducting this type of tiers, don’t you encourage them? For example, if a whale invest as a queen bee and withdraw all his funds after a particular time, it may create a sell-off situation and there will be a negative impact on small investors who hold their funds as mini bees. Therefore, how do you assure that small investors will not be discriminated in Waggle?

PS |Waggle: The staking requirement for each tier will be revealed shortly! We will also regularly assess the requirements as token price moves. We want to keep the participation accessible and fair to all supporters of Waggle.

If you noticed, we didn’t give the highest tier unlimited access to our deals. They are still capped at an amount. This is to make sure that whales leave some opportunities behind for the rest! That being said, it’s also first-come-first-serve when it comes to the deals. I’m sure the whales don’t usually have the fastest fingers!

We are also mitigating the possibility of such situation. Therefore, we actually have a fixed period of time users have to lock in. If they withdraw their staked tokens, they will forfeit their staking rewards. We are going to build a really inclusive platform for all.

Q6 from Telegram User @Jmagsss

The mode and basis of purchase of tokens within the Waggle Market will be a first-come-first-serve basis. Oftentimes, platforms that utilizes this approach basis are full of bots and automated buyers that take advantage of the sale, leaving some potential investors behind and with minimal token allocation. Do you have any means of eradicating and avoiding bots and bot-usage within the Waggle Market? How would you ensure that each interested investors will be given the chance to buy new tokens with their desired amount and quantity? Will there be a minimum and maximum limit buy for each user in the Waggle Market?

PS |Waggle: We are very well aware of this. We have anti-bots measures put in place and we won’t go into details so people can’t figure out how to circumvent it… But rest assured that we our anti-bot measures will only improve with time.

And yes you are right! There is a maximum buy per user on Waggle Market, which is determined by your tier. The more you stake, the higher your tier is, the more you can buy off Waggle Market. This makes it expensive for botters as well, so this is an additional layer of anti-bot on top of technical solutions developed by our team.

Andrés M. | Satoshi Club: Would you like to share with us useful links to join your communities before we open the gates?

PS |Waggle: definitely! Join us at @wagglenetwork and follow us on Twitter at https://twitter.com/wagglenetwork

---

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.

Q1 from Telegram user @jirencrypto

You mention that you have an investment committee, what is the function of this committee? How many people are on the committee? Does the community have the opportunity to belong to this committee?

PS |Waggle: The committee will serve as an additional layer of due diligence to vet projects that will come onto Waggle. Currently, the IC is in-house but we are looking to open it up to the community in future in the spirit of decentralisation. The community has the opportunity to enter the committee and be rewarded with WAG tokens, so do keep a look out for the chance!

Q2 from Telegram user @alberto_vzla

Burning tokens is one of the pillars that guarantee a certain degree of valuation in a token and strengthens its value in the market. When will you develop a token burning plan to keep your token always above the red candles of the market?

PS |Waggle: For token burning to be effective, we have to be extremely tactful with the timeline and the disclosure. We have token burning plans made, but we will only announce it nearer to the dates to optimise the effect of token burning news. We have timed it according to the token release schedule to counter any potential inflationary pressure from increase in circulation.

Q3 from Telegram user @Gayampath

Do you have AUDIT credentials or are you working to AUDIT your project, to make it more secure and reliable?

PS |Waggle: Yes we are working with CertiK right now! Once the report is out, we will work on the gaps found from the audit to make the platform a more secured environment to transact on.

Q4 from Telegram user @DK177

In your Medium, I noticed that you have launched an airdrop event for the community. When I access the form, it asked me to complete 8 tasks.  Are all tasks compulsory?  You have mentioned that 16,000 $WAG will be distributed among 1,000 lucky winners. If I become a winner, do I get 16 $WAG although I skip some tasks? To increase my winning chances,  can I participate in your airdrop multiple times with different accounts? 

PS |Waggle: You have to complete all the tasks to be eligible. Do not participate with multiple accounts or we may have to void all entries. We want to keep the campaign fair for all, hope you understand!

Q5 from Telegram user @habibi_ve

One of the tools you provide is Waggle Dashboard, can you tell us a little bit about its function? What kind of information will it provide? What benefits will it provide to users?

PS |Waggle: Waggle Dashboard is an all-in-one dashboard you can use to view all your crypto holdings on the chains that we support (currently SPL, ERC, and BSC). As we extend to other chains, you will see your assets on those chains as well. It’s part of our mission to deliver top-notch user experience to our community. We hope to create a convenient platform for all to better manage your crypto assets! On top of that, it’ll also be the portal for you to manage your stakes and farming positions in future.

Q6 from Telegram user @highpee

Your project is currently being built for BSC, Solana and Ethereum. However, you have only announced SOLANIUM (a Solana based launchpad) as your IDO PARTNER. When will PUBLIC OFFERING on Solana take place and what are the procedure? Is this the only IDO that is planned or are there plans to organise multiple IDO especially for other network?

PS |Waggle: As our tokens are SPL-native, we will only consider the best IDO platform in the Solana ecosystem, and that’s Solanium. We will not be conducting IDO on other platforms, but we are looking at an IEO with gate.io. Expect the public offering on the first week of October! 👀

Q7 from Telegram user @KevSalom

You mention that you want to help the community to participate in reliable first level projects, how can you guarantee that it is a reliable project and not a Scam one? What kind of aspects do you take into account to verify this? What are your methods or processes for choosing a project?

PS |Waggle: We have 3 layers of due diligence. Portal > Investment Committee > Community

Waggle Portal – this is a form that project fills up when they apply to list on Waggle. The form will automatically generate a scorecard which then the portal will filter these projects based on the score attained.

Investment Committee – the IC will review the scorecards of projects that passes Waggle Portal and fact-check the inputs of the form. They will also qualitatively assess and leave reviews on the projects.

Community – the community will then be presented with the reviews and will vote yay/nay. You guys will be the guardian of protocol at the end of the day!

Q8 from Telegram user @leixagarcia

I understand that the Waggle team will provide a scorecard to facilitate the evaluation of the Waggle community, can you tell us about how this scorecard will work? What criteria will be evaluated on it? Will these criteria have a specific weighting?

PS |Waggle: There are 9 metrics which projects will be evaluated on.

1. Team
2. Technical Breakthrough
3. Market Making
4. Community
5. Tokenomics
6. Investors & Advisors
7. Project Information
8. Seller’s Credibility

Q9 from Telegram user @cryptoflower13

On your website you talk about Waggle coming in to redesign the fundraising landscape, can you tell us about this new design? How do you plan to restructure this process? What are the improvements and innovations to be included?

PS |Waggle: Currently, fundraising scene is opaque and exclusive. We believe in providing that opportunity for all investors to have an exposure to primary investments. Most of the significant gains (in terms of multiples) in each cryptocurrency market cycle are made in exclusive funding rounds, but members of the public often do not have access to these opportunities. Waggle is here to level the playing field for you.

Q10 from Telegram user Miriam

To gain early access to promising crypto projects on Waggle, users are allowed to stake what minimum of $WAG tokens? How will you mitigate immediate sell-offs and rug-pulls after token launches? What avenue of benefits will project selected by Waggle have access to? Thanks

PS |Waggle: We will regularly adjust the token requirement, but we will keep in mind to make it accessible to most users. While project teams have to be legally bound when working with us, the vesting token transfer is also facilitated by smart contract. These are just features put in place for additional security on a already stringent control over the quality of projects. We will also have an insurance reserve to mitigate any of such rug-pull risks. For projects that list on Waggle, they are able to raise funds from their loyal community on a safe and secured platform unlike their OTC alternatives, and they are also able to engage their community by providing them exclusive opportunities to invest in their protocol/project at a favorable price in exchange for lock-ups. Overall, it’s a course of action that will reinforce their camaraderie with their community.

---

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Waggle Network. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

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
• Website: https://esatoshi.club/
• Twitter: https://twitter.com/esatoshiclub

Our Partners:

• Waggle Network: https://t.me/wagglenetwork
• Unlocking liquidity for innovators: https://waggle.network/
• Official Announcement: https://t.me/waggle_network
• Twitter: https://twitter.com/wagglenetwork

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 Timechain and our guests were @timechain1, and @dubwiserenzo – representative of Timechain. The AMA took place on the 24th 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 Timechain! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club:
Today our guests are @timechain1 @dubwiserenzo

Dubwise Renzo Ξ:
Hi Guys, glad to be here! @timechain1 will lead the AMA ^^

Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, @timechain1 @dubwiserenzo

How are you doing😊

Louis @TC:
Hello! Happy to be here today.

Mary | Satoshi Club:
Hello! Happy to see you here 👍

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

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

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

Gold Rocket | Satoshi Club:
Introduce yourself, please. How did you get to be involved in crypto & Timechain @timechain1 @dubwiserenzo
Tell us please about your position in Timechain.

Louis @TC:
I’m a serial FinTech entrepreneur with more than 10 years of experience, including launching a successful mobile app with over 1 million downloads. I have worked across different disciplines including corporate development, product development, business operations, and strategy–so you could say I’ve been around the block a couple of times. I have also been involved in the process of recognizing Bitcoin to not be security in Canada. Many actors in the industry wrote letters to the regulators to give them arguments against making it security.

Prior to starting Timechain, I was the CEO of a search engine optimization (SEO) marketing firm. Nevertheless, I am a humanitarian with a vision: to empower everyone to manage themselves and their assets. That is where my drive for Timechain originates.

And big fan of FTM 🚀

Dubwise Renzo Ξ:
Hey, I’m an advisor and Community Manager at Timechain. Got into crypto in the 2017 hype, went through the rabbit hole on Telegram and Reddit, got to know about ETH DeFi through the Yam hype and now we here helping out projects growing their community and finding great strategic partnerships.

Mary | Satoshi Club:
Yes, you have good taste😀

2017 brought us a lot of brilliant users👍

What is Timechain and it’s main goals?

Louis @TC:
Timechain is all about democratizing and humanizing global finance. We build products that provide access to the best platforms for crypto and fiat. TCS eliminates the need for crypto users to be active on multiple DEX platforms and monitoring liquidity by bringing some of the most liquid markets (FTM, BSC, ETH) together on a single platform. Our main offering is https://TimechainSwap.com, an all-inclusive DEX ecosystem. We will be introducing additional features as well, which will be announced in the next few weeks, but as of right now, when swapping on

TimechainSwap you can expect :
No Transaction Fees
No Slippage
100% Your Gain
100% Our Satisfaction

Which translates to the best price possible for our users

Gold Rocket | Satoshi Club:
Btw great background 👍 @timechain1 @dubwiserenzo

Mary | Satoshi Club:
Are you first swap on Fantom?

Gold Rocket | Satoshi Club:
Sounds really ambitious😊

Louis @TC:
We are not the only swap on FTM but we want to be the one offering the price for the users. We can say that we were the first efficient SWAP on FTM

Dubwise Renzo Ξ:
Fantom has a bunch of DEX’s like Spookyswap and Spiritswap but we make a difference by being a DEX aggregator. We aim to provide the fastest, most affordable transactions by routing transactions through multiple DEX’s. Fantom is a perfect case of liquidity all over the place which gives us the opportunity to offer the best return on the entire network right now.

Spiritiswap, Spookyswap, Paintswap, Sushiswap, Curve, Waka Finance, Hyperjump, and Elk Finance are among the prominent DEXs on the Fantom Opera Network that Timechainswap currently aggregates.

Mary | Satoshi Club:
Gotcha 😀 who is developing Timechain with you? How big is your team?

Gold Rocket | Satoshi Club:
Tell us about the benefits of Timechain. How is it different from others?

Louis @TC:
You can see our team on timechain.com. We are 26 in total right now and we are aiming to grow +10 by the end of the year. We have team of PhD and Master engineers from one of the top university in Canada

Dubwise Renzo Ξ:
This is where things get very interesting. TCS is all about saving money — so much so that we took a three-pronged approached to guarantee those savings:

The Routing Algorithm
Juggling multiple DEXs is not a straightforward process. Let’s assume we want to swap some USDT for some BUSD. Using Figure 1 as a reference: is it better to swap USDT directly into BUSD or is it better to swap it to DAI and then to USDT? Which DEX should be used for each transaction? This is the kind of optimization problem that the routing algorithm solves automatically.

The Distribution Algorithm
Moving large amounts of crypto can be costly due to how they impact liquidity pools (LPs). Rather than moving them in a single lump, it is cheaper to split larger sums so multiple LPs can be used. However, managing these splits and their subsequent routing requires additional logic on top of our Routing Algorithm, which is where the Distribution Algorithm steps in.

The Optimus Gas Reduction Modules
We all know it: when it comes to crypto, transaction fees are as awful as they are unavoidable. They can, however, be significantly reduced whenever transactions are handled in batches, which is precisely what Optimus does. Think of it as a type of “X for the price of 1” discount.

Gold Rocket | Satoshi Club:
Great dream team😍

Mary | Satoshi Club:
Cool intro, guys! Now i am really excited to see your answers for the questions from our community 😀 we choose 6 for the first part 😉 ready?🚀

Louis @TC:
Ready! 🤓

Dubwise Renzo Ξ:
Awesome, come at us!

Q1 from Telegram User @yellowchamp
As you stated in your website that you have to get notified minutes before your app launches by being one of the first 10,000 fully registered users. So, can you tell us what are the bonuses or privileges awaits for your first 10,000 fully registered users? What are the advantages to be part of the first 10,000 fully registered users in your incoming application? How to register in your app? Can you share some links? As you launch your mobile application, can you share with us in advance the great features and highlights of your Timechain application? Is this mobile app will be available on both Android and iOS devices? Thank you.

Louis @TC:
Hi there, @Yellowchamp You will receive TCS tokens if you are one of the first 10,000 users that registered on the app. If you haven’t already you can register in the link below!

https://mailchi.mp/timechain/pre-registration

In terms of the app, all users will receive a link via SMS and email that will direct them to the App Store/Play Store to download it.

Here’s a quick rundown of the app’s features:

1 Universal Wallet: All of your information is in one place. An easy-to-understand breakdown of your transactions is available. For each currency type, you can view your transaction history. Connect your wallet to other cryptocurrency wallets and Canadian financial institutions. Keep your crypto and fiat money in the same place.

2 Money Transfers – Canadians Only

Sending money can be social. To e-transfer funds to a friend or pay a supplier, you no longer need to ask for the “security question and password.” Simply take your Canadian dollars out of your Timechain wallet, enter the amount, and press send. This feature is similar to the American app “Venmo”.

3 Messaging Feature: Easily communicate and send money. You have the ability to request and accept payments. Payment Requests can also be accepted or declined. Directly from the app, send e-mail and SMS messages to your synchronised contacts. Without leaving your conversation, request and accept payments in the same simple way.

Make use of the resources we provide to get where you want to go.

Keep an eye out for updates on our website, which is currently undergoing a major makeover and will provide you with all the information you need next week!

P.S. Our app will be available on both Android and iOS.

Louis @TC:

Mary | Satoshi Club:
Do you already have 10000 registered users?

Louis @TC:
We still got space! Feel free to register!

Mary | Satoshi Club:
Oh, it’s nice! Satoshiclubbers, you need to join🚀🚀🚀

Gold Rocket | Satoshi Club:
Thanks for your answers

Ready to proceed to the next question?

Louis @TC:
🤩👍

Q2 from Telegram User @Ajpaa
TimechainSwap IDO Platform will provides a robust and fair environment for IDOs to take place, with an interesting reward scheme for TCS holders. In addition to TCS IDO unique whitelisting method you went on to integrate Chainlink’s VRF (Verifiable Random Function). What are the uniqueness that your IDO platform offer? What are the importance of integrating Chainlink’s VRF and how will it impact your launchpad? Lastly what is the difference between Coin-Age Processing Model and Multi-Level Offering System and what opportunities do they offer for IDO participants?

Louis @TC:
The TCS IDO platform initially developed a unique method by integrating Chainlink’s VRF, which is a fair, unbiased, tamper-proof, and cost-effective source of on-chain randomness.

Advantages

• Enhanced liquidity through liquidity pools
• Immediate trading
• Lower cost vs. listing on centralized exchange
• Open, fair and decentralized fundraising

Features

• Fair and decentralized platform for the distribution of newly launched tokens
• On-Chain RNG powered by Chainlink VRF to cut market manipulation
• A wide range of available liquidity pools over the BSC, ETH and FTM networks
• Transparent vesting thanks to our locking and TimeLock smart contract
• Smart Contract Auditing by our team

Participation
IDO projects will involve a dynamic minimum requirement for staking based on the amount of tokens and the TCS token live price. To participate in an IDO on the TCS platform, it is a prerequisite to stake TCS tokens equalling to a set number of tokens. Combined with a tiered offering system, the probability of winning in an IDO is thus increased by holding a longer/higher number of TCS tokens. The maximum number of tokens earned will be equal to a multiple of the current TCS token price.

If any other readers are interested in the technical details of our solution, you can find our whitepaper at : https://docsend.com/view/z9vx27j3jif5didp

Mary | Satoshi Club:
When you will launch IDO platform?

Louis @TC:
This year!

Dubwise Renzo Ξ:
Yes Q4 🙂

Mary | Satoshi Club:
Also, how you will choose projects for your IDO platform?

Gold Rocket | Satoshi Club:
So soon🔥🔥🔥

Mary | Satoshi Club:
Do you have special requirements?

Dubwise Renzo Ξ:
They will be vetted through whitelist forms and audit companies

Louis @TC:
We will announce the details in the coming months, but I can say that the process will be fair and we will have a DD process to ensure the quality of the projects

Mary | Satoshi Club:
Super! Sure everything will be transparent!

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

Dubwise Renzo Ξ:
Always 💪

Q3 from Telegram User @Pavel_Jarosh
Hello Timechain! As I’m also from Montreal, a customer of Royal Bank, and I see I can connect my banking account directly to Timechain application. Does it mean that the details of my banking account will now be available to see through Timechain? Or I can only access them in case I trade through Timechain?

Louis @TC:
Hey!!! @Pavel_Jarosh, a fellow Montrealer It’s wonderful to see some Montrealers here!!!!
Go Habs Go!

So, in essence, the Timechain wallet is a universal wallet that allows you to withdraw and deposit cryptocurrency as well as Canadian dollars from your personal checking account. When you create your account and complete the KYC (Know Your Customer) verification process, you will be given the option to link your checking account. The goal is to make the process of buying crypto and sending money as simple as possible. We do it all. Timechain is a one-stop-shop for all things related to cryptocurrency and financial accessibility.

We appreciate your support and are excited to have you as a member of the community. Here’s a sneak peek at the wallet so you’ll know what to expect!

Louis @TC:

Mary | Satoshi Club:
All users will need to complete KYC?

Dubwise Renzo Ξ:
If you wanna use the fiat on-ramp features, yes.

Louis @TC:
All FIAT features will require KYC – For Canadians Only

Mary | Satoshi Club:
Oh, that’s nice! I like this!

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

Gold Rocket | Satoshi Club:
Thanks for detailed information.

Louis @TC:
Let’s go!

Q4 from Telegram user @Cheriemike
On Monday 20th September 2021,the $TCS token will have an Allocation Mining Event with Launchpool.Can you tell us the activities that will be done in the event?What is the allocation size and price token for the event?Is the event open for everyone or is just for Launchpool community members?If it’s opened for everyone to participate,how can we then participate in it?Due to regulatory reasons,are there any countries that are restricted in participating in the Allocation Mining Event? Thanks

Dubwise Renzo Ξ:
Find all the relevant Launchpool – @launchpoolxyz AME info here they have additional KYC and country restrictions: https://launchpool.medium.com/timechain-ame-details-7da0d31c6919

We have no additional KYC for the @TosDis IDO on the 27th of September.

Mary | Satoshi Club:
Even North Korea can join?😀

But i think Launchpool will restrict them😂

Dubwise Renzo Ξ:
For the Launchpool AME make sure to check details on their end!

For the TosDis IDO we have no additional KYC, anyone can join. Find more details here https://twitter.com/TosdisFinance/status/1438595362319749122

Louis @TC:
They are restricted for obvious reasons but check the link above for more details

Mary | Satoshi Club:
You will have first and last events of such type or maybe you are planning more events in the future?

Sure😀

Louis @TC:
Yes, more to come, @dubwiserenzo is working hard to get us more exposure!

Mary | Satoshi Club:
Please, when you have news, don’t forget to share with us!

Dubwise Renzo Ξ:
No more IDOs or AMEs, listing is a day after IDO.

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

Gold Rocket | Satoshi Club:
By the way, you have a great discord channel😊

Q5 from Telegram user @Ajpaa
Timechain is said to be a DEX aggregator built on the Fantom Network. Considering the fact that there are other popular and well-established Networks like BSC, Ethereum, etc. What are the reasons why you choose to build on Fantom Network? What advantages/benefits does Fantom Network offer the ecosystem that makes you build on it? What are your future plans to integrate/build on BSC or Ethereum?

Louis @TC:
All the credit to @dubwiserenzo 😉

Dubwise Renzo Ξ:
Thanks! For anyone that didn’t join yet, make sure to have a look! Fantom communities are mostly based in Discord and we’re doing a lot of giveaways in there! discord.gg/fUKFzBVHXz

Louis @TC:
Fantom was attractive because:

The network is expanding rapidly, the TVL has tripled in the past month https://defillama.com/chain/Fantom
It has low and fast transaction fees, which often results in more transactions overall. More transactions = more business for DEX’s and DEX aggregators like ours.

The Fantom community is very vibrant, we have some community leaders deeply rooted in the Fantom ecosystem with connections everywhere. The community has been very supportive of our project since its early phases. In 11 days we have a live interview scheduled with the biggest Fantom community to give an example https://www.youtube.com/watch?v=LMTjAE7f_ZM

Regarding other networks, we already plan to expand to BSC and Ethereum close after launch, with many more networks we’re currently exploring. We want to bridge together as many different networks as possible so our users don’t have to shop around for whatever token they are interested in ever again with the end goal to make it all interoperable and cross-chain in the future!

Mary | Satoshi Club:
So, cross-chain DEX?😉

Louis @TC:
Yes, Multi-Chain Dex Aggregator

Mary | Satoshi Club:
That’s nice! Can’t wait to try it! We really need more freedom in this space😀

Gold Rocket | Satoshi Club:
Thanks for your answers and clarification😊

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

Louis @TC:
Looking forward to it!

Q6 from Telegram user @victorogb
From available information on Timechain’s aggregator function, it is stated that TCS will help users seamlessly access better Swap prices with reduced gas fees by getting the best result from connected DEXs and DEX aggregators. Can you briefly explain how the Protocol will efficiently perform this task, and what DEXs and aggregators will Timechain source its price feeds from? Also, it is stated that Timechain will create a launchpad for projects and also launch a bridge model for easy token conversion within your supported chains of BSC, ETH, and FTM. Can you briefly talk about these important features, when should we expect their full integration and use?

Louis @TC:
We have several modules to help our users reduce gas fees and get better exchange rates. One of our modules finds the best path for the transaction to take, even if it involves using more DEX’s, because it automatically spots opportunities for arbitrage and reduces slippage. Another module will calculate how to split (route) the sum transacted in the most efficient way to reduce the impact that the transaction has on the involved liquidity pools.

As for what DEX’s we cover out of the box: we already include Spiritiswap, Spookyswap, Paintswap, Sushiswap, Curve, Waka Finance, Hyperjump, and Elk Finance into all our routing. Obviously, we want to include even more DEX’s across all networks because having a wider pool of options gets our users the best prices.

Regarding the bridge functionality, a common problem that crypto users face is transferring their crypto assets from one network to another. Conducting that kind of operation is very tedious and error-prone at the moment, regardless of what platform and tools you may use. Our bridge module aims to facilitate that process. Whenever our users want to move their assets from one blockchain network to another, it automatically takes care of all the busywork and leverages our transaction efficiency modules to not only avoid errors, but to make the transaction as cheap as possible.

Mary | Satoshi Club:
Did you already test this functionality? Or you’re in the process of developing?

I mean bridge 😀

Dubwise Renzo Ξ:
Dex aggreagtor is live at https://timechainswap.com/

Bridge module is currently being tested internally and will be ready to launch after our TGE

Louis @TC:
Yes, the bridge is in security audit right now

Gold Rocket | Satoshi Club:
Sounds great. Safety first 👌

Mary | Satoshi Club:
Wow! Which audits do you currently have?

Louis @TC:

Part 2 — live questions from the Telegram community

Q1 from Telegram user @highpee
With regards to your BRIDGE, you said it will revert bridge requests when TRANSACTIONS fail to reach the destination network after two attempts. What could cause this type of failure and will the revert include a full refund of all the assets involved?

Louis @TC:
Yes, ”full refund” since it was not sent anyway.

Q2 from Telegram user @Rinhere
Why did You decide to Build a DEX aggregator on Fantom Network,
what benefits does it add to the Platform?

Louis @TC:
FTM is 🚀 and has a growing community that has a lot of potential. An aggregator was missing in the ecosystem that why we decided to start with FTM.

Q3 from Telegram user @iam12312
When do You plan to launch Android/ios Application?
Can You share about its Function & Features that it will have?

Louis @TC:
You can go to on timechain.com to have more details about our upcoming mobile app. Get on the list!

Q4 from Telegram user @Rinkus987
Is Your Project name ” TIMECHAIN” is derived from Blockchain Or It signifies Something else? Why did you set this name?

Louis @TC:
When I started learning about Bitcoin and Satoshi. I went deep into the rabbit hole. I discovered that Timechain might be bridge between the Metaverse and reality. We want to provide an efficient bridge between the two worlds.

Dubwise Renzo Ξ:
@timechain1 ones told me it was used by Satoshi back in the days when Bitcoin technology was still an idea. He referred to Timechain as the word we all know these days as Blockchain. He wanted to revive the name Timechain ^^ https://cryptoinsider.media/timechain-satoshis-original-vision-blockchain-bitcoin/

Q5 from Telegram user @mobilejii
Even a popular Dex like pancakeswap has suffered hacking in past. How strong are your security measures and safe from hacking? Do you have a good Audit report?

Louis @TC:
Yes, as previously posted. We did several audit reports and external audits with SecOPS to ensure security. We will continue to invest in security throughout our journey!

Q6 from Telegram user @tatarrama
Most projects place too much emphasis on User experience. Can you tell us about what the Timechain team is doing to provide the best user experience, especially for new and inexperienced users?

Louis @TC:
We spent a lot of time and resources perfecting the UI/UX. BTW our DEX has a new UI 🚀 We will continue to update the UI and be ready to see our new website timechain.com next week!

Q7 from Telegram user @messilolz
Does TimeChain have any tutorial guide? How easy is it to use your platform? do you have any videos to learn for beginners?

Louis @TC:
We are working on a guide book similar to PancakeSWAP to help users on the DEX and Mobile app.

Q8 from Telegram user @Tahsinahmett
Time Chain has established trust by giving staking, yield farming, trading, and multi-action features that can make the $TCS token valuable. Every project tries to do these. Can you explain why Time Chain’s $TCS is better than other tokens? What is your difference?

Louis @TC:
FTM still need a lot of features to help grow the community. I agree that ETH and BSC has similar feature, but FTM is still lacking most ”common” features like these. The other aspect is that we are actively building for the ecosystem. We will be ready for the next big thing in 2022+.

Q9 from Telegram user @coinerman
Interoperability is becoming one of the most important issues for the future of blockchains. With so many layers 1, it is becoming more and more important to have a seamless bridge between chains. In this new plane, what will be the advantage of Timechain over existing cross-chains?

Louis @TC:
Excellent questions! We need to increase the TPS and reduce the gas fees without reducing security which is the hardest part. Layers 2 are becoming mainstream but still need more time to be more secure. Having a multi-chain routing system help accelerating the whole ecosystem of Layer 1.

Q10 from Telegram user @captainprice111
Do you have a license to operate in Canada? Do you have an audit for AML procedures, and who are you audited by? Will TimeChain be able to manage and keep up with massive traffic across massive cross-chains?

Louis @TC:
Yes, we have an MSB license to operate in Canada. We worked with Outlier and Fasken to build our KYC, AML, and Data policies.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Timechain. 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
Timechain Telegram community: http://t.me/TimechainOfficial
Twitter: https://twitter.com/timechainapp
Website: https://timechain.com

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 Sheesha and our guests was @DeFiSheikh – representative of Sheesha. The AMA took place on the 23rd 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

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

The Crypto Sheikh:
Hello All.

Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, @DeFiSheikh

The Crypto Sheikh:
Thank u very much for the warm welcome. Pleasure to be here!

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

Andrés M. | Satoshi Club:
It’s an honor to have you here, we hope for a lot of great announcements about the project😁

The Crypto Sheikh:
Amazingly good. It’s good to end a very busy day talking to so many folks in here.

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

Thanks for joining😊

Gold Rocket | Satoshi Club:
Let’s start! Introduce yourself, please. How did you get to be involved in crypto & Sheesha
Tell us please about your position in Sheesha.

The Crypto Sheikh:
There are many announcements to come out over the next few weeks, months, and years from Sheesha Finance.

I share our excitement!

Absolute pleasure 😁

My name is Saeed Al Darmaki and I am the founder of Sheesha Finance, Managing Director MENA for CasperLabs, Co-Founder of Alphabit crypto fund, advisor to a dozen + crypto companies, an angel investor in 50+ crypto companies over the last 5 years. Before getting into the crypto industry I was working for Abu Dhabi Investment Authority (3rd largest sovereign wealth fund) for 9 years. I started my journey in this amazing space by co-founding Alphabit.

Enjoyed working in this wonderful industry that I left ADIA in June 2018 in the middle of the bear market!

Gold Rocket | Satoshi Club:
Wow! It’s incredible how one person can do all this. 😁😍

The Crypto Sheikh:
A lot of sacrifices had to be made!

Andrés M. | Satoshi Club:
Incredible experience, that’s what a good project needs

What is the essence of Sheesha?

The Crypto Sheikh:
I always wanted to launch my own project but it had to be one that suited my experience, skills, network and knowledge

Andrés M. | Satoshi Club:
That’s something that increase the possibility of success👏

The Crypto Sheikh:
The essence of Sheesha Finance is to give the whole crypto community the opportunity to be an early stage investor in projects without the need to have access to deal flow and the reputation required to access top projects at an early stage that only a very few select get the opportunity to do. I am a big believer in giving back to the community. Crypto has given me so much that I wanted everybody to experience that!

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

The Crypto Sheikh:
There are so many factors to success. Hard work and luck being some of them

Gold Rocket | Satoshi Club:
This is a very noble occupation.😊

Andrés M. | Satoshi Club:
Completely agree

What is meaning of the name of the project “Sheesha”?

The Crypto Sheikh:
We have Jei Rahman as our Chief Investment Officer, Nathan Cooper as our Chief Program Officer, Ian P as our Marketing director, Mina Vucinic as our Ops director and Zokyo is our tech partner.

Cheers.

Gold Rocket | Satoshi Club:
Is your team anonymous or not?

The Crypto Sheikh:
A “Sheesha” is the Arabic name for a hookah or nargeela as is known in other parts of the world. It is very much an accessory that is used in most social settings in the Middle East where it originates and where our project also originates from but is also globally recognized which is what our project strives to be

Gold Rocket | Satoshi Club:
Thanks for great introduction, we have several questions which were selected for the 1st part. Ready to start?

Or want to add something😁

The Crypto Sheikh:
The team is fully visible on our social media assets as well as our awesome advisory board

Sure lets do this!

Gold Rocket | Satoshi Club:
I like this camel😁

Q1 from Telegram User @linnlinnn197
Sheesha Finance’s ambition is really big when it comes to DeVC, DAO, NFT marketplace and incubator house. However, targeting in the short term is important while the DeFi crypto market is flourishing. So what are Sheesha’s main development goals in Q4 2021 and Q1 2022?

The Crypto Sheikh:
We do too!

Great question. We recently released a revamped version of our website and dashboard. We then started deploying smart contracts to distribute tokens of the projects in our portfolio to folks staking on our platform. We will continue deploying distribution contracts so stakers get maximum returns. At the moment we are operational on ETH chain and BSC. We want to incubate or seed projects on all the other chains out there and the next step will be to deploy staking and distribution contracts on all those chains. We also want to reward our early supporters with NFTs that are minted based on extremely beautiful art pieces that Vesa Kivenin our NFT ambassador has created specially for us. We will then invite top digital artists to create limited edition art pieces that we will mint NFTs for and put up for lottery draws. Finally we aim to create our own NFT marketplace. Other plans are to transition governance of the platform to a DAO so the community decides on investments in the future. I can keep going but I believe this is ample for the time being

Gold Rocket | Satoshi Club:
Really ambitious😁🔥

What do you personally like best of all?

Andrés M. | Satoshi Club:
Do you have some NFT’s designs to share with us?

The Crypto Sheikh:
I personally like how we are doing the opposite of most staking/yield farming protocols where they start with unsustainably high APYs which goes to zero over time. With us we started with a stable APY of around 30%-60% and have worked up to 100%-350% range. As more projects in our portfolio list the APY range will only increase furthee

One moment let me find one

Gold Rocket | Satoshi Club:
It really sets you apart from other projects👍

The Crypto Sheikh:

That’s the aim. I always try to be different in everything I do personally

Andrés M. | Satoshi Club:
Wow, beautiful details 👏, congratulations to Vesa

Gold Rocket | Satoshi Club:
Your artist is very talented😍

The Crypto Sheikh:
Yes we love him. An absolute gem

Gold Rocket | Satoshi Club:
Thanks for your great answers.

Ready to proceed to the next question.

The Crypto Sheikh:
Most welcome.

Yes pls

Q2 from Telegram User @Jamesxmen
SHEESHA tokens is available on Pancakeswap & Uniswap at the moment. What are the causes to decide going for a Fair launch called LGE (Liquidity Generation Event) on Pancakeswap & Uniswap without any presale or private sale? As my knowledge, Uniswap incur high gas fees since it developed on Ethereum mainnet. So Will this Cause a drastic reduction of SHEESHA buyers? Aren’t you up to list SHEESHA token on CEXs like Binance,Hotbit exchanges? What will be the next exchange, you already negotiated with to list SHEESHA token?

The Crypto Sheikh:
As I said before we wanted to do things differently to other projects. We believe that liquidity is key for any project to be successful and most other projects out there list with very low liquidity. In our case we listed on Uniswap and PancakeSwap with a combined liquidity of around $19mm. We wanted to be on ETH as that is where most liquidity is but also on BSC as gas fees are much lower there. We wanted those who wanted to participate with small amounts to have cheaper gas fee option. We are in advanced discussions with a high end Tier 2 CEX at the moment and will then follow up with other top tier 2 CEXes. Once established on those we will look at engaging tier 1 exchanges.

Andrés M. | Satoshi Club:
What are the main usecases of the token?

Gold Rocket | Satoshi Club:
It makes sense 🙂

The Crypto Sheikh:
The main use case is to stake our token in order to get rewards in both SHEESHA tokens and portfolio project tokens. The more returns our portfolio makes the higher the APY for staking and the more likely folks will want to stake. NFT lotteries will also require tickets to be bought with SHEESHA tokens. To participate in the planned DAO folks need to have tokens staked also. As we go along we will aim to bring more use cases to our token

Andrés M. | Satoshi Club:
Important reasons to buy the token👏🥳

Well, let’s proceed with the next question

The Crypto Sheikh:
Amen

Hit me!

Q3 from Telegram User @Asela1112
As I noticed, Sheesha Finance has involved in NFT sector also & you mentioned that Users can sell, transfer, stake & utilize their NFTs within Sheesha Finance while Monetizing NFTs by creating a own their digital metaverse. Can you tell me, what kind of NFTs Sheesha Finance provide to NFTs collectors? Have they real-world benefits? What is the average price range, you intend to Monetize initially in Sheesha NFT marketplace? And I also know that you allow the Sheesha community to create NFT artworks, For example VESA can be referred. Could you please tell us Who is this artist VESA & How will he help to gain mass adoption on NFTs within Sheesha Finance ecosystem? What kind of advantages, will he claim for his amazing service? Will you hire more artists in future So that the talented artists within your community will be able to apply to be an NFT artist?

The Crypto Sheikh:
Blimey, that’s a lot of questions in one! Let me try to answer ones that are not repeated.

Gold Rocket | Satoshi Club:
Feel free😂

The Crypto Sheikh:
NFTs on offer will be ones that are limited edition by top quality artists like VESA and specially created for Sheesha Finance. We will also look to get NFTs created from real world assets and those lucky to win them in the lottery will have rights to those assets. We will start small and work our way up the same way we launched the project in general. Please look up Vesa Kivenin, he is well documented online and his quality as well as top quality of other artists we aim to work with will surely get the attention of folks that are following the NFT sector. His work along with the work of other top artists will not come free and we will compensate by giving him and them a cut of the proceeds from the lotteries. Hope that answers all questions…

Talk about a tough crowd!

Gold Rocket | Satoshi Club:
You are our guest! and the guest’s desire is the law 😁😉

Andrés M. | Satoshi Club:
Great job, I think every part of the question is covered, would you like to add something before the next question?😁

The Crypto Sheikh:
Onto the next! Im sure there are many.

Q4 from Telegram User @yellowchamp
I found out that some of the benefits of Sheesha Finance are we can vote to support the future projects we crave most and we can buy one token, & diversify our portfolio easily and hassle-free. So, by the voting project we support, what are the requirements to be able to vote? What are the advantages of voting and if projects have the most vote, how it will give benefits to users? As we can buy one token in your platform, & diversify our portfolio easily and hassle-free, so does your platform will diversify our portfolio or as users, it is our responsibility to diversify our portfolio? How would our portfolio be diversified and what are the opportunities you are offering to diversify our portfolio in many ways? Do you take responsibility if we get loss by diversifying our portfolio? Thank you.

The Crypto Sheikh:
So the team will always be researching, analyzing and carrying out due diligence on many projects in the background. Those that make it through the rigorous initial filter process will then be specified and outlined to the community to choose from. Decisions can also be made on how much to invest in the shortlist of projects as well as many other things including hiring/firing staff and other operational activities. There are no guarantees with investing and one should never put any money into investing, especially in high risk early stage projects, if they are not prepared to lose that money. We try to mitigate risk by giving as much information as possible on a project and doing thorough research and analysis on behalf of the community but there will always be a chance of failure. Given our track record and experience we like to think that our winners will far outweigh the failures.

I for one will put in a proposal to the community on whether the core team should be replaced or not. If we are not doing a good job then we should rightly be voted out.

Gold Rocket | Satoshi Club:
You thought it out well.

Thanks a lot for the answers.

Ready for the next question?

The Crypto Sheikh:
I am a deep thinking person.

No sweat.

Defo.

Q5 from Telegram User @DK177
You have mentioned potential users of Sheesha, retail investors, VCs, market-ready projects, and early-stage projects. Further, you have described how these parties can earn benefits from your project. It is very clear and thank you for the explanation. Could you please let us know from where should they initiate the process? For example, early-stage projects can join the Sheesha Finance Incubator. How do they join that? Whom should they contact? Similarly, please separately explain the first stage for retail investors, VCs, and market-ready projects. If you have any educational materials or guided videos, please provide the links too.

The Crypto Sheikh:
We have an email address showing on our website where projects can contact us but we will also have a google doc form for potential projects to complete. Our CIO will be the main initial point of contact followed by our incubation team. Our website has a wealth of information.

https://www.sheeshafinance.io

Here is our lite paper also.

Andrés M. | Satoshi Club:
Btw, who are your most important partners at the moment?

The Crypto Sheikh:
Our partnership deck is below.

Andrés M. | Satoshi Club:
Congratulations, big names there 😃👏

The Crypto Sheikh:
All our portfolio projects are super important to us and we don’t have one that we favor over the other. Its like asking a parent who their most favorite child is!

Andrés M. | Satoshi Club:
Haha yes, we understand, we are happy to know you care about it

The Crypto Sheikh:
Humbled and grateful.

Gold Rocket | Satoshi Club:
Absolutely right😊😍😁

The Crypto Sheikh:
Thanks for understanding.

Gold Rocket | Satoshi Club:
Thanks for sharing and clarification 😊

Ready for the next question?

The Crypto Sheikh:
Anytime.

Let’s roll.

Q6 from Telegram User @Pavel_Jarosh
As far as I know, In April 2021, the volume of liquidity in DeFi sector exceeded USD 100 billion. The largest players globally are MakerDAO, Compound Finance and Uniswap. Could you provide some examples of what makes Sheesha different from such players? What are Sheesha’s advantages compared to them?

The Crypto Sheikh:
MakerDAO is a stablecoin focused project that has disrupted the fiat sector. Compound is a lending/borrowing platform that has distupted banks. Uniswap is a DEX and has disrupted the exchange sector. Sheesha Finance is completely different than all those platforms in that it is disrupting the traditional crypto VC fund sector. As far as we are aware there is nobody doing what we are doing at the moment!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @highpee
SHEESHA is currently live on BSC and ETHEREUM with the same total supply of 85,000 tokens. What amazes me however is that despite these tokens having the same maximum and circulating supply, their PRICES ARE DIFFERENT on these two blockchains. Can you explain why this is so? Is there no possibility to have a bridge that will ensure the tokens will be swappable?

The Crypto Sheikh:
Good question. The reason they have different prices is that there were LGE contracts deployed on ETH and BSC. The amount deposited on ETH was twice that of BSC so that meant initial price of SHEESHA on ETH was twice that of BSC. Also, those staking on ETH chain will only get tokens of projects in our portfolio that listed on ETH and not BSC. Those staking on BSC will only get tokens of projects in our portfolio that are listed on BSC. Stakers on both chains will get SHEESHA tokens as rewards on top. There is no possibility to bridge between ETH and BSC purposely to prevent arbitrage

Q2 from Telegram user @King_Raja
What will be the Minumum & maximum staking Period On your platform,
When Can I withdraw my Earning?

The Crypto Sheikh:
There is no min or max staking period in general. Those staking LP tokens will be locked up for 2 years thou. Those staking SHEESHA tokens can unstake anytime but will incur 4% tax on the staked SHEESHA tokens. Rewards in SHEESHA and project tokens are not taxable and can be claimed at any time.

Q3 from Telegram user @munishgmr
As I am From India,
In HINDI Language “SHEESHA means “GLASS”,
Which is crystal & Clear, Do You think in some ways, This meaning can be perfect for the Project?

The Crypto Sheikh:
Thanks for sharing that fact! Yes, we aim to be very transparent and to the point with everything we do!

Q4 from Telegram user @Jonathantross
There are many launchpads where big Whales receive preferential awards , Can you tell some advantages of Sheesha Finance “DeVC” which makes it superior than other launchpads ?

The Crypto Sheikh:
Firstly launchpads only gives folks access to public sale and even then there is whitelist process which means not everybody can participate. With Sheesha u get tokens priced at seed stage. Not only that but u r guaranteed tokens depending on ur staked amount compared to the total staked on our platform. Finally with launchpads u have to pay an amount for each project u manage to get access to. With Sheesha u only stake one time and one amount and u get prorata share of all projects in our portfolio without having to add any more amount.

Q5 from Telegram user @Crypto_84
I see You planned to reward art NFTs to loyal Members of Your Community, Can You tell how can Community play an Important role in the Success of Project?

The Crypto Sheikh:
Our community is our top priority and we ultimately are providing them with a unique product that they will not find anywhere else. It is the community that supports a project when it is in a tough patch. We had a tough start and without our community, we would never have come out of it stronger and be in a strong position now. So thanks to all our community for their continued support in the good and bad times.

Q6 from Telegram user @captainprice111
What is the purpose and story of Sheesha Finance’s creation? Could you tell us about what kind of problems the Sheesha Finance platform focuses on solving in the current DeFi market and the ways you find solutions?

The Crypto Sheikh:
I personally participated in so many DeFi protocols over the last couple of years and it became clear to me there were a lot of common issues with most of them. Rug pulls from anonymous founders, unsustainable APY, lack of use case creativity. Sheesha was built to tackle all those issues and beyond.

Q7 from Telegram user @mercy_global
I see Three Partners have been added to the platform,
1-Zignaly
2-TeraBlock
3-Driff
When can we other Partners on the Platform?

The Crypto Sheikh:
There is also Royale Finance and Plasma Finance added to the platform and having their tokens distributed at the moment. Other projects that we have signed on we will be adding once the distribution contracts specific to them have been created, audited and the project has been listed on exchanges along with their tokens being delivered to the contracts.

Q8 from Telegram user @Arisabela
Reading about your project I see that one of the most important concepts in Sheesha is to provide access to investors and tools that facilitate the conversion of assets that can be used freely, but I wonder, at what cost? Can you tell us about the rates implemented on your platform? How is their redistribution and what benefits can holders have on what is collected?

The Crypto Sheikh:
The only fees on our platform are the gas fees for unstacking, staking, and claiming rewards. The unstacking tax is put back into the ecosystem and a small part of the tax is burnt to make our token deflationary. On the lottery draws 10% will go to charities that are voted for by the community.

Q9 from Telegram user @Nhairym
Do you consider that it is really necessary to bridge the gap between traditional finance and the blockchain industry, why? talk about blockchain and finance. decentralized is necessarily the same or should we view it as a system and its tool for optimal development, how does Sheesha Finance plan to maintain full transparency and integrity within the DeFi space?

The Crypto Sheikh:
It is not only a necessity but also inevitable. For far too long banks and governments banks have abused the trust their people have put in them. Blockchain brings in that trust-less layer that we have all been waiting for. Decentralized Finance is taking market share away from the greedy banks, brokers and agents and giving it to the average person. Sheesha Finance is playing its part in that use case.

Q10 from Telegram user @NAZMP2
Can you tell us how does your NFT lottery works? How many tickets can one purchase? And how will you the draw,is it daily or weekly?

The Crypto Sheikh:
One can purchase as many tickets as they wish and the only currency that can be used to purchase those tickets will be SHEESHA. We will start off with once a month then make it more regularly as we get traction and have more artists create NFTs for us.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Sheesha. 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
Sheesha Telegram community: https://t.me/Sheesha_Finance
Twitter: https://twitter.com/SheeshaFinance_
Website: https://www.sheeshafinance.io/