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 Orion Money and our
guest was @getitdone1. 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
Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We are
pleased to announce AMA with Orion Money
Paul Mont | Satoshi Club: Welcome to Satoshi Club @getitdone1 , it’s a great
pleasure for us to have you here : )
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @getitdone1😍
Sam I am 🌖 | Orion Money: hey guys!
really happy to be here
and share some more with you about Orion Money
Gold Rocket | Satoshi Club: Thanks for joining
Paul Mont | Satoshi Club: We are just as much! Fired up to get to know more
about Orion 😉
Gold Rocket | Satoshi Club: we are also very excited about the upcoming AMA😊
Let’s start! Introduce
yourself please. How did you get to be involved in crypto & Orion Money
Tell us please about
your position in Orion Money
Sam I am 🌖 | Orion Money: Sure, I’m one of the 3 co-founders of Orion Money.
Little background on myself, I started my journey with crypto back in 2014, the
time when I first came across bitcoin while doing deep dive into monetary
policies, gold investing.
Gold Rocket | Satoshi Club: Give us a brief introduction to the project. What
is the essence of Orion Money
Paul Mont | Satoshi Club: You were in the space very early then 😉
Sam I am 🌖 | Orion Money: Over last 7 years I invested in different projects
and kept a close eye on entire industry and how it evolved. I experienced most
of crypto bull and bear runs and saw how in recent years stablecoins market
started to grow and how more and more investors started to diversify their
portfolio into stablecoins. I came across Terra back in 2019 and if you don’t
know anything about Terra just shortly it’s the only decentralized algo
stablecoins blockchain with Luna being the only asset that captures value the
growth of stablecoins market.
I realized that Terra
has something that no other blockchain have. Back then there was no community
for Terra, there was just one discord channel so I decided to join core
community and help grow it from day one. Today i’m proud to say we have one of
the largest and most passionate community in the space
I invested and was part
of every project that launched on Terra from day 1 and came across Orion Money
when Vol and Kos ( other 2 co-founders ) submitted this basic but pretty
profound idea to hackathon, to bring anchor protocol high stable yields to
other blockchains, starting from ethereum and enable easy spending of
stablecoins in the real world.
I immediately joined
the team in first week of hackathon, we ended up winning the hackathon and we
went full speed on developement. We’ve launched our first initial MVP version
of Orion Saver app.orion.money during the hackathon
Gold Rocket | Satoshi Club: early bird😁 When did you buy your first
bitcoin and when did you sell it? 😅
Sam I am 🌖 | Orion Money: little feedback on other two co-founders, they’ve
built big e-commerce analytics business in the real world, grew from 3 founders
to 300+ employees out of which 75+ were hardcore developers and engineers.
Their customers were Amazon, Walmart, Coca-Cola + 150+ large worldwide brands,
they sold the company last year to private equity firm and took some break,
looked what else to do in their life long term ( 10+ years ). They came across
Terra and that’s where our paths crossed 😁
Paul Mont | Satoshi Club: Wow, I find this introduction quite intense, your
experience guys speaks for yourselves 🙌
Sam I am 🌖 | Orion Money: back in 2014, I was long term gold investors so
when I read the article that bitcoin is better than gold I got pretty curious.
Still hold some of it from back than
at $200 – $300
Paul Mont | Satoshi Club: How big is the Orion team now ?
Gold Rocket | Satoshi Club: Great background👏👏👏
Paul Mont | Satoshi Club: And I assume you’re all public 😉
Sam I am 🌖 | Orion Money: currently we have 9 developers on the team, two
commercial co-founders ( me and Vol ) and one designer
so total 12 but having
large network of developers from previous startup allows us to scale very quick
Gold Rocket | Satoshi Club: Really dream team🤩
Tell us about the
benefits of Orion Money. How is it different from others?
Sam I am 🌖 | Orion Money: Orion Money’s vision is to become a cross-chain
stablecoin bank providing seamless and frictionless stablecoin saving, lending,
and spending. Within the Orion Money stablecoin bank, we have three main
products planned — Orion Saver, Orion Yield and Insurance, and Orion Pay.
Sam I am 🌖 | Orion Money: We have our first dApp live for couple months now –
Orion Saver
Paul Mont | Satoshi Club: Very explicative, great interest rates (marvelous
I’d say) 🤩
Sam I am 🌖 | Orion Money: currently we offer the highest stable APY rates on
stablecoins on Ethereum. Even at 13.5% they are higher than most of Defi / Cefi
protocols or projects have to offer
we are soon going to
increase them to 15% in preparation for our multi tier staking levels launch,
where you will be able to earn up to 25% on your stablecoins incentivized by
Orion token
Gold Rocket | Satoshi Club: how do you do it? keep at such a high level?
What’s the secret? 😊
Sam I am 🌖 | Orion Money: good question, we’ve partnered with Anchor protocol
team to bring anchor to ethereum and provide easy couple clicks user experience
where anyone can login with metamask / wallet connect, deposit USDT, USDC, DAI,
BUSD, FRAX or wUST and on the backend funds flow to terra protocol and get
deposited to anchor in completely non-custodial smart contract based way
Gold Rocket | Satoshi Club: This makes life much easier for the user.😉
Sam I am 🌖 | Orion Money:
it surely does 🙂
for those that don’t understand how anchor works, I’m sharing slide above that
shortly explains genius design of anchor protocol
Gold Rocket | Satoshi Club: Thank you very much for sharing. great
infographics.
Paul Mont | Satoshi Club: The infographics are so clear, thank you very much 🙌
Gold Rocket | Satoshi Club: Thanks for great introduction, we have several
questions which were selected for the 1st part. Ready to start?🥰
Sam I am 🌖 | Orion Money: currently we have bETH and bLUNA as proof of stake
collateral assets that you can deposit and borrow against but very soon we will
have bSOL bATOM bDOT and bAVAX collateral assets
Paul Mont | Satoshi Club: Users are gonna appreciate and enjoy the
flexibility you’re offering them with your products 😉
Gold Rocket | Satoshi Club: great set, I think
Paul Mont | Satoshi Club: Brilliant, thank you very much for the thorough
introduction! As my partner @GoldRocket27 mentioned above, there are many
details that we’d like to flesh out and learn about Orion Money 🔥
Without further ado, if
you agree, we can move to the community questions 🙂
Gold Rocket | Satoshi Club: So let’s proceed?😀
Sam I am 🌖 | Orion Money: yes being 100% smart contract based opens up tons
of new opportunities for us in terms of integrations with existing ethereum
based project / protcols that currently might be sourcing their yields from
compound or AAVE and enables new way of portoflio diversification
Orion Money is partnering with @BLOCKBANKapp to bring high fixed yields to its 45,000+ users! 🔥🔥🔥
one good example to
share here is our recent partnership with Blockbank where users stay within
their favorite apps and tap into those high stable APYs directly where they
are.
we are having quite a
few active integration discussions of this nature
Paul Mont | Satoshi Club: It’s been quite a while that I’m thinking that the
Terra ecosystem is heading straight to the Luna 🙂 After this
introduction, it sure already seems that Orion is heading the same way 😁
Gold Rocket | Satoshi Club: I am afraid that our dear guest will answer all the
questions in the introduction.😂
Paul Mont | Satoshi Club: But! Our community has prepared some questions for
you @getitdone1 😉
Right, we don’t want to
give away all the goodies ahead of time! Besides, there are some neat questions
awaiting for you and we’re eager to know the answers 😁
Sam I am 🌖 | Orion Money: sounds good,
lets go!
Q1 from Telegram user @Highpee
As a stablecoin bank, you staking pool starts with
an APR of about 13.5%. In some protocols, APY is usually high at start but
reduces as staking pool gets diluted with more user joining. However for Orion
Money, you offer what you call incremental staking yield which gives additional
option for users to increase their yield rate. Can you explain some of these
conditions that users can fulfil to further boost their APY? For how long can a
user continue to enjoy the boosted return? You also said these return may be
reset back to default if users perform some actions while on pool? What are the
conditions that can reduce users yield? Is it affected when users harvest their
yield reward?
Sam I am 🌖 | Orion Money: that’s a great question, i’m going to share
infographic to help answer this
We are launching our
token on Sept 30th right after IDOs with Polkastarter and DAO Maker
Paul Mont | Satoshi Club: This is amazing news! The 30th is just around the
corner 🥳
Sam I am 🌖 | Orion Money: Together with TGE we are going to launch our Orion
staking and LPing features where users will be able to earn nice APY levels on
Orion tokens that are powered by different revenue streams that we’ve designed
around Orion Money protocol.
we are planning to
introduce 3 tiered staking levels – EARTH | STATION | MOON
Gold Rocket | Satoshi Club: Wow! how can Satoshi Clubbers join?
Sam I am 🌖 | Orion Money: for example for users that will hold 15% of their
total portfolio value in Orion tokens, they will be able to receive up to 20%
APY on the stablecoins deposits.
When users switch to
receive their interest payments in orion tokens ( that will be market bought )
you will be able to earn up to 25% APY
yes, sure please check
recent DAO Maker announcement
Paul Mont | Satoshi Club: By the way, the Roadmap states the TGE event will
occur on September 29th, while you mentioned September 30th. What’s the correct
date?
Sam I am 🌖 | Orion Money:[Forwarded from Orion Money Announcement
Channel (Vol – Orion Money 🛠🚀🌖 I Will Not DM You
First)]
Orion Money becomes the
first Terra ecosystem project to launch on Ethereum. RocketRocketRocket
We are excited to
launch $ORION token with DaoMaker SHO on Sept 27th
Sam I am 🌖 | Orion Money: our whitelisting event for Polkastarter closed last
night. We’ve seen unprecendented interest with over 165,000 users sign ups and
2.3m actions completed !!
Gold Rocket | Satoshi Club: Great news🔥
Congratulations 🎉
it’s unbelievable
Paul Mont | Satoshi Club: Just checked the announcement, very exciting guys! 🎉🥳
Gold Rocket | Satoshi Club: now I understand why you are so excited🤩
Sam I am 🌖 | Orion Money: it will be 29th / 30th depending what geographic
area you are, for those in Asia it will be 30th for those in California 29th 😁
Gold Rocket | Satoshi Club: Gotcha! thanks👌
Sam I am 🌖 | Orion Money: We are launching on GATE.IO and will have joint
announcement today with all the important dates and times
Gold Rocket | Satoshi Club: Oh my God! how much news! you guys did a great job 🚀🚀🚀
Sam I am 🌖 | Orion Money: 30/09/2021 12:00 UTC Token listing – Gate.io
30/09/2021 12:10 UTC
Token listing – Uniswap, Pancakeswap
30/09/2021 12:20 UTC
IDO and investors tokens distributed (DAOMAker, Polkastarter 25% vested)
here are some draft
deadlines if you want to add to your calendar, exact times might still change
so important to pay attention to our twitter / TG announcements
Paul Mont | Satoshi Club: Next one is gonna be a hot 🔥weekend. Mark
your calendars Satoshi Clubbers! 😉
Sam I am 🌖 | Orion Money: thank you!
We’ve been working really hard to push this project forward and making lots of
progress in very short time period
Q2 from Telegram user @Jmagsss
Orion Money will be allotting 4% of the total ORION
token supply (40,000,000 ORIONs), to all Luna Stakers and Orion Validator
Delegators as a form of airdrop. Your Medium account post described how each
participants will receive the airdrop, however, it does not provide the ways on
how and where can we stake our Luna tokens and how can we be one of Orion’s
Validator Delegators. Can you tell us here, to what platform can we stake our
Luna tokens? How can we be one of Orion’s Validator Delegators? Do you have a
specific platform/website for that matter? When is that start of your validator
program?
we’ve just published
very detailed explaination on airdrops and how to get them. Actually out of 4%
of total token supply 3% of airdrops will be used to target users on ethereum
since that’s our main focus and where $100B in stablecoins are located. We are
planning different strategic campaigns that will help us bring more awareness
to existing Defi users on ethereum about Orion Money
for 1% we will reward
those that stake their Luna’s on station.terra.money
if you stake with Orion
Money validator ( currently number 1 validator on Terra ) you will receive
additional genesis airdrop and monthly airdrops
Gold Rocket | Satoshi Club: generous enough
This is a good
incentive for the community.
Paul Mont | Satoshi Club: Also the article goes deep into the details of this
wonderful initiative 😉
Sam I am 🌖 | Orion Money: yes it does, for anyone that’s truly interested I
recommend going over this medium post, it will answer most of your questions
regarding airdrops and
IDOs
Gold Rocket | Satoshi Club: study this Satoshi Clubbers! great opportunities
open up here!😊
Paul Mont | Satoshi Club: Thank you very much @getitdone1 🙂
As you know, safety is
a very felt concern in the space, the next question probes deeper into the
issue.
Q3 from Telegram user @bigboicity12
OrionMoney’s goal is to become a bank
cross-chain stablecoins – the best place in DeFi to
save, lend and use stablecoins. The risk associated with the lending platform
is smart contract risk. So has the smart contract been audited? Are there any
safety mechanisms to prevent over-mixing (to prevent any foul play/hacking)?
How to Orion Money applying to a witness node or
deploying/managing a smart contract? Also is your lending and lending platform
overly decentralized and pegged to stable coins, what if someone borrows with
ETH or Luna and the price drops, that will lead to huge loss and also can be
exploited on the other hand, how will you manage these types of vulnerabilities
leaving the integrity and trust of the platform without mistake on your part?
Sam I am 🌖 | Orion Money: lots of great questions, we take security of users
funds very seriously and we’ve put cap on deposits until we received smart
contract audits and happy to say, they all came back with great results.
Sam I am 🌖 | Orion Money: we decided to complete not 1 or 2 but 3 smart
contract audits to make sure users funds are safe
per our auditors
“We found 0 critical, 0 high, 0 medium, 0 low and 0 very low level issues”
RD Auditors
Gold Rocket | Satoshi Club: thank you very much for the answers and for such a
responsible attitude to safety👏👏👏
Paul Mont | Satoshi Club: I always take a deep breath of relief when projects
anticipate these kind of issues. A great sign of quality indeed 🙌
Sam I am 🌖 | Orion Money: we’ve also spoke with few 3rd party insurance
providers and added insurance integration with InsurAce and Unslashed, that’s
something that surely can add extra peace of mind
Gold Rocket | Satoshi Club: do your users need to pass the KYC?
Sam I am 🌖 | Orion Money: actually our platform is fully smart contract based
and non-custodial so users interact with smart contracts through their metamask
or wallet connect
you can check it out at
app.orion.money pretty simple and straightforward
Paul Mont | Satoshi Club: Done already haha 😁 pretty slick and
user-friendly, love the UI 🤩
Gold Rocket | Satoshi Club: thank you very much for the great answers😊
Ready to proceed to the
next question😉
Sam I am 🌖 | Orion Money: thank you in order to reach masses we need simple
and easy to use UI / UX
Sam I am 🌖 | Orion Money: lets go!
Paul Mont | Satoshi Club: And here it comes 🚀
Q4 from Telegram User @DK177
I noticed that you offer 10%+ APY for all options.
After ORION TGE, the max APY will be 20%! To offer this kind of high
percentages, how does your platform generate profits? What are your external
income sources? When I try to calculate how much can I earn, your calculator
only allows to adjust time frame by years. The shortest time period is one year
whereas I can increase it up to 6 years. Does this mean that I cannot invest
for a shorter time period than one year? Further, the calculator works even for
1 USDT. Don’t you have a minimum investment?
Sam I am 🌖 | Orion Money: great question and good point about calculator. I
see where it might be little confusing, there is no lockup on funds, you can
deposit and withdraw anytime, deposits are fairly instant, withdraws take
around 15 – 20 min as its a cross-chain transaction
Gold Rocket | Satoshi Club: what is the minimum investment?
Sam I am 🌖 | Orion Money: Orion Money is a non-profit tech startup, we are
simply building dApps and products that will create different streams of
revenue, all net revenue will be used to market buy Orion tokens on the open
market and distribute with Orion stakers through Orion Staking Fund. As
mentioned before in AMA we take what anchor has to offer on Terra and extend
that offering to Ethereum in sustainable way where our revenue comes from
difference we receive through anchor protocol and what we offer on ethereum.
minimum investment is
$100 but please mind ETH gas fees as recently that’s been a huge pain point
when interacting with ethereum network. We’ve already implemented internal
pools that helped eliminate all cross-chain fees on deposits under $20k ( soon
will be under $1m ) but the gas fee is still there.
Once we add Polygon
support that will really help to onboard retail users and lower our min deposit
given how efficient polygon L2 is
besides polygon we also
planned for short term BSC integration, Terra and through wormhole Solana and
other L1 blockchains
Gold Rocket | Satoshi Club: it will be great. i hate gas on ETH 😂
Sam I am 🌖 | Orion Money: no one likes to pay high fees, cant wait for ETH
2.0
Gold Rocket | Satoshi Club: until it works 😝
Paul Mont | Satoshi Club: That was the only GIF I’ve found related to gas
fees, but yeah gas fees are horrible right now 😅
Gold Rocket | Satoshi Club: Thanks for your answers 😃
Let’s proceed to the
next question🚀😊
Q5 from Telegram User @Pavel_Jarosh
Orion Money litepaper states that users can send a
withdrawal request from the Orion Saver WebApp to withdraw their deposited
stablecoins. The withdrawal and exchange of UST into the user’s preferred
stablecoin will be done via EthAnchor. There will be swap fees associated with
the withdrawal process, which will be covered jointly by Orion Money and the
user. Please explain in details the percentage of the fees and the split
covered by Orion and the user. Thank you!
Sam I am 🌖 | Orion Money: currently as just mentioned we’ve implemented
internal pools and for deposits under $20k there is no cross chain / swap fees
for larger deposits
there is curve swap fee at 0.4% and terra bridge fee of 0.1%
we have it pretty well
explained with full disclosure when making deposits so you can find all the
detail explaination and calculations when making deposit
our dev team working
very hard to bring that cap to $1m per deposit where there will be no
cross-chain fees, that will really help us onboard a lot more TVL quick imo
New feature! 🎉Now deposits to Orion Saver (<$20,000) have: 🔥No Curve slippage 🔥No cross-chain fees 🔥5X lower Eth gas fees
Gold Rocket | Satoshi Club: I like and retweet all your tweets 😁
Thanks for detailed
explanation
Sam I am 🌖 | Orion Money: thank you ! 👍😁
Q6 from Telegram User @victorogb
From available blog publications, you carefully
noted that your product Orion Saver is currently live on Ethereum, and you are
presently working to reduce ETH gas fees and Swap/bridge fees. Can you let us
in on how Orion Money currently works to reduce these fees, and why do you
think such improvement will benefit your product? Also you plan to expand Orion
Saver to Polygon as a way of checkmating excess fees with deposit and
withdrawals for users. Therefore, can we let us know when this expansion will
be fully implemented on Polygon, and asides this chains of Ethereum and
Polygon, will there be further expansions to other widely used chains?
Paul Mont | Satoshi Club: This questions has been partially addressed already
🙂
Gold Rocket | Satoshi Club: Yes🙈
Sam I am 🌖 | Orion Money: just answered ok let me share roadmap please
Paul Mont | Satoshi Club: By the way, could you please also share Orion Money
tokenomics paper ?
Sam I am 🌖 | Orion Money: here are appx dates for Polygon / Terra and BSC
integrations
yes sure
Paul Mont | Satoshi Club: Thank you very much, again the infographics is
crystal clear 👍😁
Sam I am 🌖 | Orion Money: we just turned on commission on our validator.
Currently close to $1B in staked luna is delegated to Orion Money
Gold Rocket | Satoshi Club: Great infographics. everything is very clear👍
Sam I am 🌖 | Orion Money: 5% commission on staked luna APR rewards will be
used to market buy Orion tokens and distribute with Orion stakers
our 3 tier APY LEVELS
are launching end of next month, that will create more buying pressure on the
token too
Gold Rocket | Satoshi Club: Please do not forget to share with Satoshi Club😊
Sam I am 🌖 | Orion Money: will do!
Paul Mont | Satoshi Club: Would you like to share the links to your official
channels, before heading into the LIVE part of the AMA? 😉
Sam I am 🌖 | Orion Money: no problem, please pin if possible
Gold Rocket | Satoshi Club: Check please and subscribe, Satoshi Club 🚀
Part
2 — live questions from the Telegram community
Q1 from telegram username @mobilejii
✅✅ Do you think your platform will be able to
continue the such large APY over a long period of time or will it change later?
Sam I am 🌖 | Orion Money: at the moment given anchor rates and yield reserves
it is estimated that current rates can be sustained long term for few years to
come. There is no guarantee though and from our side we will adjust the rates
to make sure protocol is sustainable and not running deficit
Q2 from telegram username @captainprice111
I noticed that Orion Money is planning three
products in its targeted stablecoin bank, Orion Saver, Orion Yield and
Insurance, and Orion Pay. Can you give some information about these products?
Will the products work in integration with each other, will I have a separate
working principle?
Sam I am 🌖 | Orion Money: good question, Orion Saver is live already for the
last couple months, Orion Yield and Insurance will be offered early next year
where we planning to offer even higher stable APY levels on stablecoins through
partnership with upcoming money markets protocols on Terra as Mars Protocol,
Nexus Protocol, Levana and others. We will also start offering our own native
insurance option and add support for Ozone protocol as soon as available on
Terra
Q3 from telegram username @Rakshhitx5
What does the word, Orion mean? Is it just a random
name or have any meaning? Why did you choose it for your project?
Sam I am 🌖 | Orion Money: Orion is the brighest star in Nebula constalletion,
in astrology Orion is a hunter and we like to think of ourselves as we are
hunting for the highest stable APY rates in the galaxy 😁
Q4 from telegram username @rinnguyen
As You also planning for B2B partnerships, Have you
done any B2B partnership in recent times?
Sam I am 🌖 | Orion Money: yes we did, we are in active discussions with
ethereum based protocols, projects, DAOs that are looking to integrate with
Orion Money where we will become their preferred source of yields on
stablecoins. Our recent partnerships with Studentcoin and Blockbank are typed
of deals that will bring lots of users to Orion indirectly through smart
contract backend integrations
Orion Money is partnering with @BLOCKBANKapp to bring high fixed yields to its 45,000+ users! 🔥🔥🔥
How much purchase do I need to spend for the
purchase of $ORION tokens? Can you tell me how I can buy $ORION tokens? If I
buy a large amount of $ORION tokens will I get a lot of profit too?
@getitdone1
Sam I am 🌖 | Orion Money: yes more Orion you stake, more revenue you will
receive
Q6 from telegram username @munishgmr
There are many Crypto payments methods, What will
“Orion Pay have to offer to users?
What functionaliity will be added to it?
Sam I am 🌖 | Orion Money: Orion Pay will allow users to spend their
stablecoins in the real world through fiat on / off ramps integrations and
added debit card option where people can pay for things in the real world using
our debit card
Q7 from telegram username @Gemshunter22
Can you give
us information about listing price and
contract address and slipperage of your token? How can I get official announcement
to avoid scam?
Sam I am 🌖 | Orion Money: or listing price will be $0.05 we will launch
initially on GATE.IO but soon after we will add liquidity to dexes ( Uniswap /
Pancakeswap )
we will share contract
addresses right before listings to avoid sniping bots stealing tokens at cheap
Q8 from telegram username @cenkkargin0666
What is the relationship between Orion Money and the
Terra (Luna) Network? How and on what occasions do these two projects help each
other? I heard that you, the founder of Orion Money, have been very influential
in bringing the Terra network to this day, can you inform us about this?
Sam I am 🌖 | Orion Money: yes i’ve been helping build Terra community before
anyone heard about Terra. I’ve intro a lot of people to Terra and i strongly
believe Terra will be first project that will reach true mass adoption and we
with Orion Money will contribute to it in very meaningful way
Q9 from telegram username @iam12312
I see that Orion Saver has already done 3 Smart
Contract audits,
What other things you are doing to take the security
level high?
Sam I am 🌖 | Orion Money: great observation, we are also offering couple 3rd
party insurance options and will add more insurance options in coming weeks so
please stay tuned and follow us on SM for all the major news and announcements
Q10 from telegram username @Pratze
im interested to join on Orion Token sale on
POLKASTARTER and DAOMAKER, but any step by step or guide about how to do ? also
what are your Token Contract ?
Sam I am 🌖 | Orion Money: Polkastarter whitelisting closed last night, we got
165,000 that signed up for this whitelisting event
[Forwarded from Orion Money Announcement Channel
(Vol – Orion Money 🛠🚀🌖 I Will Not DM You First)]
Orion Money becomes the
first Terra ecosystem project to launch on Ethereum. RocketRocketRocket
We are excited to
launch $ORION token with DaoMaker SHO on Sept 27th
Part 1: 50$ /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$/5 users – Open chat for 120 seconds. You can post Max 3 questions. Pledge Foundation Spanish Team will select 5 questions and answer them.
Questions must be done in English and Spanish.
For more details: Pledge Foundation Spanish – @pledgerfinance Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
Part 1: 50 /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 50/5 users – Open chat for 120 seconds. You can post Max 3 questions. Pledge Foundation Russian Team will select 5 questions and answer them.
For more details: Pledge Foundation Russian – @pledgerfinance Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Pledge Foundation Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Pledge Foundation
For more details:
Pledge Foundation Website – pledger.finance
Pledge Foundation Telegram – @pledgerfinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
We were delighted to welcome our guest from Monsoon. The AMA took place on September 23rd, 2021 and our guest was @JohnMonsoon
The total reward pool was 500$ and
was divided into three parts. In this AMA Recap we will try to summarize some
of the most interesting points for you.
Part 1 —
introduction and questions from the
Telegram&Bitcointalk community
Gold
Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We
are pleased to announce AMA with Monsoon
Gold
Rocket | Satoshi Club: Today our guest is @JohnMonsoon
Jonah 🏅🎹: @JohnMonsoon welcome
to satoshi Club 😁
John |
Monsoon Finance: Hi everyone, thank you for having me 🙂
Gold
Rocket | Satoshi Club: Nice to e-meet you
Jonah 🏅🎹: We are Happy to have
you here John!
Gold
Rocket | Satoshi Club: Let’s start! Introduce yourself please. How
did you get to be involved in crypto & Monsoon
Tell us please about your position in
Monsoon
John |
Monsoon Finance:My name is John and I am the lead developer of
Monsoon. I have been involved in the crypto space since 2015 when I first began
investing, and I began building on Ethereum in 2017. I have helped build open
source DeFi projects in the past.
Gold
Rocket | Satoshi Club: Great background 👍
Gold
Rocket | Satoshi Club: Give us a brief introduction to the project.
What is the essence of Monsoon
John |
Monsoon Finance: Monsoon Finance is a multi-chain privacy protocol.
We are building a suite of privacy tools that can be used by every DeFi user of
every smart contracts blockchain.
John |
Monsoon Finance: When cryptocurrencies are inevitably used as forms
of payment for every day goods and services, privacy is paramount, otherwise
anybody you pay can instantly know your net worth.
John |
Monsoon Finance: Monsoon aims to solve that problem with a
wallet-to-wallet privacy tool, a multi-chain privacy bridge, and a multi-chain
privacy DEX.
Gold
Rocket | Satoshi Club: really the mass adoption brings both more
opportunities and new tasks for the creators
John |
Monsoon Finance: Very true
Gold
Rocket | Satoshi Club: How long does it take to develop a project?
What plans do you have for the future?
Gold
Rocket | Satoshi Club: what can we expect from Monsoon
John |
Monsoon Finance: We want to bring privacy to every smart contracts
blockchain that can support it. This includes Polygon, BSC, Avalanche, Moonbeam,
Acala, Cardano, Solana, Near Protocol, etc.
Gold
Rocket | Satoshi Club: Also we would like to know more about your
team. Who is on the project team core?
John |
Monsoon Finance: We have already deployed an instance of Monsoon on
Binance Smart Chain mainnet: bsc.monsoon.finance and Polygon testnet:
matic.monsoon.finance
John |
Monsoon Finance: We plan to deploy the Monsoon wallet-to-wallet
privacy tool to many blockchains in the next few weeks and release an alpha
version of our multichain privacy bridge by December or January.
Gold
Rocket | Satoshi Club: This is a big milestone!🥳
John |
Monsoon Finance: Our team is composed of 3 engineers. I and my
cofounder Kyle have engineering degrees and Kyle has experience working at
Consensus in smart contract building.
Gold
Rocket | Satoshi Club: Yes, this is a big and ambitious goal.🤩
John |
Monsoon Finance: Ron @defiron has a PhD from Stanford, also in
engineering. We have helped build out open source DeFi projects in the past and
are excited to build out a future of privacy for all DeFi users.
John |
Monsoon Finance: We also have several advisors: Josh Meier and Corey
Billington from Latitude are our marketing advisors and Ryon Nixon from
Horizons Law (crypto law firm) is our legal advisor.
Gold
Rocket | Satoshi Club: Oh … a real dream team😍
Jonah 🏅🎹: Awesome what projects
have you built before?
John |
Monsoon Finance: Because we are anonymous developers we can’t say,
unfortunately
John |
Monsoon Finance: This is to protect our identity because regulations
do not favor privacy protocols
Jonah 🏅🎹: Yeah.. that’s clear
Gold
Rocket | Satoshi Club: Thanks for great introduction, we have several
questions which were selected for the 1st part. Ready to start?
John |
Monsoon Finance: Sure!
Q1 from Telegram User @Jmagsss
I’ve learned that Monsoon Finance was developed from
a fork of the known decentralized protocol for private transactions, Tornado
Cash. What do your think is the technical advantage that Tornado Cash offers
that your decided to base your project with it? What similarities does Monsoon
Finance and Tornado Cash shares? Also, what are the added-features that you included
upon developing the project?
John |
Monsoon Finance: Our wallet-to-wallet privacy tool is a fork of
Tornado Cash, an audited and battle-tested privacy tool for Ethereum.
John |
Monsoon Finance: Tornado uses zk-SNARKs to break the link between
wallet-to-wallet transactions.
John |
Monsoon Finance: However, Tornado Cash is not building a multichain
privacy bridge, so our protocol will have greater utility in a multi-chain
future.
John |
Monsoon Finance: In addition, our MCASH token is revenue-generating,
meaning all fees generated by users using Monsoon services will be used to buy
back and burn MCASH tokens.
John |
Monsoon Finance: A protocol fee is taken on every private
transaction, so the token price will have a floor supported by the utility of
the protocol.
Gold
Rocket | Satoshi Club: Thanks for detailed answers
Gold
Rocket | Satoshi Club: there are fundamental differences. this is
true.
Gold
Rocket | Satoshi Club: Where can we buy tokens
John |
Monsoon Finance: Our IDO will be on Bullperks and Polystarter on
Monday September 27
Gold
Rocket | Satoshi Club: Don’t miss great opportunity, Satoshi Club 🚀
Jonah 🏅🎹: great….. a user has
a question on this
Gold
Rocket | Satoshi Club: Thanks for your answers
Gold
Rocket | Satoshi Club: Let’s proceed to the next question
Q2 from Telegram User @Pavel_Jarosh
Dear Monsoon! Thanks for the great project and your
vision to bring more to the fundamental right of privacy of your customers.
Monsoon has announced an Mcash IDO on September 27th , 2021. Could you provide
more details about whitelisting process and Mcash IDO. What is the price for
Mcash?
John |
Monsoon Finance: You can go here to register for the IDO:
https://app.polystarter.com/pools/2
John |
Monsoon Finance: The price will be $0.20 per token and initial market
cap will be $450k
Gold
Rocket | Satoshi Club: clean answer!
Jonah 🏅🎹: Yeah..
Gold
Rocket | Satoshi Club: please tell us a little bit about tokenomics
John | Monsoon Finance:
This is from the Polystarter research article
Jonah 🏅🎹: What will the
governance treasury allocation be for?
John |
Monsoon Finance: MCASH is first and foremost a governance token. That
means that the community can vote on governance decisions, such as changing the
protocol fee for certain blockchains or deciding which blockchains we should
support and which assets we should support
Gold
Rocket | Satoshi Club: by the way, let’s talk about security. have
you conducted any hackathons or smart contract audits?
John |
Monsoon Finance: 25% of the token supply is allocated to the
governance treasury, so the community can use these tokens to hire more
developers and put out bug bounties and marketing campaigns.
John |
Monsoon Finance: Our wallet-to-wallet privacy tool is a fork of
Tornado Cash, an audited and battle-tested privacy tool for Ethereum. However,
we understand the importance of audits, and will ensure that any modified code
is audited as well. Our privacy bridge, when completed, will also be audited.
John |
Monsoon Finance: In addition, our token smart contract was audited by
Armors and passed with flying colors.
Gold
Rocket | Satoshi Club: Thank you very much for your answers and for a
responsible approach to security.
Gold
Rocket | Satoshi Club: I propose to consider next question😊
Q3 from Telegram User @Emnking
Monsoon recently announced a partnership with Router
Protocol, a platform that runs Dfyn.network, the second largest DEX on Polygon
by liquidity and volume. What is the rationale behind this partnership? What
should we expect from this recent partnership? Will there be a similar
partnership with other platforms like Router protocol? I also read about
Monsoon investors and discovered that you have a hood number of great investors
which includes NGC, LD Capital, Shima Capital, Part One Capital, Bullperks, Genblock,
AU21, Sandeep (Polygon cofounder) and PrimeBlock Ventures/MXC. Are we to expect
other investors in the future? What are the strategies used by Monsoon to
attract such number of great investors?
Gold
Rocket | Satoshi Club: And my fat fingers 🤣
Gold
Rocket | Satoshi Club: great investors dare to notice🔥
John |
Monsoon Finance: We have a partnership with Dfyn and Quickswap. These
platforms will allow trading and staking/farming of MCASH after launch. You
will get a certain APY for providing liquidity to MCASH/USDC pair.
John |
Monsoon Finance: And yes, we have 3 partnerships with big blockchain
platforms to be announced in the near future – stay tuned 🙂
Gold
Rocket | Satoshi Club: Perfectly! Thanks a lot for the answers
Gold
Rocket | Satoshi Club: Ready for the next question?
John |
Monsoon Finance: Yes 🙂
Q4 from Telegram user @Arisabela
Monsoon aims to be completely decentralized and
community governed, could you explain how do you provide the power to your
users to be part of the evolution and decision making of the platform? What are
the benefits of being a MCASH holder and how do you incentivize the holders to
participate in the governance method?
John |
Monsoon Finance: MCASH is first and foremost a governance token. That
means that users stake MCASH to vote on proposals for the project, such as
changing the protocol fee and choosing which blockchains should be supported
and deployed to.
John |
Monsoon Finance: In addition, the token is revenue-generating,
meaning all fees generated by users using Monsoon services will be used to buy
back and burn MCASH tokens.
John |
Monsoon Finance: A protocol fee is taken on every private
transaction, so the token price will have a floor supported by the utility of
the protocol.
Jonah 🏅🎹: What % do you charge
as protocol fee?
John |
Monsoon Finance: It’s governance-defined, meaning the community votes
on what they think the fee should be. Currently it is set at 1%
Jonah 🏅🎹: Thank you.. 👍 It is
clear..
Jonah 🏅🎹: Can we proceed to
next Question?
John |
Monsoon Finance: Yes, of course
Q5 From Telegram user @yellowchamp
I found out that with Monsoon Finance,users will be
able to privately deposit assets onto the Monsoon Substrate blockchain and
privately swap them for any other supported assets using the Monsoon Discovery
Network. If users will be able to privately deposit assets onto the Monsoon
Substrate blockchain,how can we assure that the funds being deposited is safe
and secure? Can you explain more about the Monsoon Discovery Network? What
advantages and benefits of Monsoon Discovery Network? Thank you
John |
Monsoon Finance: We are building out a private decentralized exchange
on a Substrate-based blockchain. This is tentatively called the Monsoon
Discovery Network.
John |
Monsoon Finance: This is still a topic of research and design, but
basically you will be able to privately bridge assets to the Monsoon blockchain
and swap them for other assets that you can then bridge out. The whole process
will ensure privacy of the assets and users.
John |
Monsoon Finance: Assets deposited will be locked in smart contracts
that will be audited and these funds cannot be stolen.
Jonah 🏅🎹: Have you done any
Audit at the moment?
John |
Monsoon Finance: Yes, our token smart contract has been audited by
Armors
Jonah 🏅🎹: Great.. You plan to
do more audits I suppose
John |
Monsoon Finance: Yes, of course
Jonah 🏅🎹: Awesome.. 👏
Jonah 🏅🎹: Let’s proceed to our
Last Question for this Part.
Gold
Rocket | Satoshi Club: tell me please what do you will do after the
end of sale? immediately are planning listing on dex?
John |
Monsoon Finance: We will list on Quickswap, Dfyn, and 2 centralized
exchanges
Gold
Rocket | Satoshi Club: Thank you for the clarification😊
Gold
Rocket | Satoshi Club: Ready to proceed to the next question?
John |
Monsoon Finance: Yes
Q6 from Telegram user @DK177
It caught my attention that Monsoon Finance offers a
feature called ‘anonymity mining’. How does it differ from regular mining? You
have indicated that we will be able to mine $MCASH when it is launched and
publicly available. How many tokens can be minted per day? Can you please give
us a clear idea about this mining process? You have not mentioned about any
burning activities. How do you generate a scarcity to prevent $MCASH from being
undervalued? Surprisingly, the token is yet to be launched although you have
developed the concept. What is the reason for this delay? What is the estimated
time period for the token launch? When will early investors get an opportunity
to join?
John |
Monsoon Finance: Anonymity mining is another way to generate yield by
depositing assets in the Monsoon privacy pools. You will simply deposit the
supported asset using our privacy tool and not withdraw it for a period of time
and that way you generate MCASH over time.
John |
Monsoon Finance: Users of the privacy tool will benefit because
privacy is improved when lots of users are depositing their assets in the
privacy pool. It is ‘anonymous’ because there is no way to determine which
wallets are participating in mining and which wallets are simply using the tool
for privacy.
Part 2 — live questions from
the Telegram community
Q1 from Telegram User @rinnguyen
Can You tell about the usage of fee that will be generated by all the users? Where will it be used?
John | Monsoon Finance:
Protocol fees will be used to buy back and burn MCASH tokens
Q2 from Telegram User @iam12312
You are building Multichain Privacy Bridge, & you said that transaction will be Completly Private & decentralized, Will we only to able to see the Transaction data on blockchain?
John | Monsoon Finance:
It will simply look like the transfers were sent by a smart contract rather than the user who initiated the transfer.
Q3 from Telegram User @slla1112
What kind of developments can we see that you focus on realizing in the last quarter of 2021? What are your most important future milestones?
John | Monsoon Finance:
Biggest development will be privacy bridge alpha release by December or January.
Q4 from Telegram User @Ajpaa
What makes you decide to build a project to improve & ensure privacy?
John | Monsoon Finance:
When cryptocurrencies are inevitably used as forms of payment for every day goods and services, privacy is paramount, otherwise anybody you pay can instantly know your net worth.
Q5 from Telegram User @Rinhere
Team ss raised Around $1.5M , How will it help in building the Project? Do You think its Enough?
John | Monsoon Finance:
The team also has tokens it can use to pay developers and marketing if necessary, but yes I think it will be enough.
Q6 from Telegram User @captainprice111
Monsoon Finance will provide confidentiality in transactions, but will it be able to prevent those who abuse this confidentiality? Will money laundering activities benefit from this privacy? Will there be a way to block illegitimate users from Monsoon Finance?
John | Monsoon Finance:
The service is decentralized so it can be used by anyone. There is no way to prevent certain users from using our platform. We believe censorship resistance is more important.
Q7 from Telegram User @Ratash97
Whats the annonymity minning ?
John | Monsoon Finance:
Anonymity mining is another way to generate yield by depositing assets in the Monsoon privacy pools. You will simply deposit the supported asset using our privacy tool and not withdraw it for a period of time and that way you generate MCASH over time.
Q8 from Telegram User @NAZMP2
I’ve seen that most project now has their own NFT; will Monsoon Finance have one as well?
John | Monsoon Finance:
Yes, we will be launching NFTs on Polygon in the near future
Q9 from Telegram User @BJosefina61
Do you think it is possible that Monsoon Finance can also join Layer2 on Ethereum where privacy is also required as ARBITRUM or OPTIMISM?
John | Monsoon Finance:
Yes, we can certainly support L2 Ethereum like Arbitrum or Optimism – good idea!
Q10 from Telegram User @SHUVOMM
Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable?
John | Monsoon Finance:
Our token smart contract has been audited by Armors and we plan to have audits of our privacy bridge as well when it is in the alpha stage.
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of Monsoon. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Revest finance; they offer the ability to lock ERC20 fungible tokens into ERC1155 non-fungible tokens. The AMA took place on September 22 and our guest were @christophercharles92 and @RobAnon (Founder and CEO).
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 COMMUNITY QUESTIONS
Gold Rocket | Satoshi
Club: Hello again, dear Satoshi Club community! We are pleased to announce
AMA with Revest. Today our guests are @christophercharles92 @RobAnon.
Chris (Verified
username only): Thank you, we are excited to be here!
Rob M: Good to be
with yall today.
Gold Rocket | Satoshi
Club: Let’s start! Introduce yourself please. How did you get to be
involved in crypto & Revest? Tell us please about your position in Revest.
Chris (Verified
username only): I’ve been involved in crypto since the summer of 2019 when
I first saw the price of Litcoin rise rapidly due to its halving. After that I
became fascinated with the space, and I now seek to innovate and improve the
financial space by disrupting traditional methods. I have since played a key
role in several projects, my latest being Revest Finance, which we are here to
talk about today.
Rob M: So I’m the
Founder and CEO of Revest, been involved in cryptocurrency since 2012 when I
learned about Bitcoin at $40/BTC. I’ve been around in various ways over the
years, small scale mining, the like. This year was the year that I came into
the space in a big way, though. I started the year running a validator, where I
met many of the folks on my team. Expanded out into an interactive NFT project
and put my long-standing hobby of programming to good use, creating a project
called Negative Entropy. That went quite well, and during a period of downtime,
I realized that the real application of NFTs wasn’t just art – it was the
tokenization of non-fungible financial positions. The idea for Revest was born,
I put together some of the most talented individuals I knew, both inside and
outside of the crypto space, and Revest Finance was born.
In my day to day role, I work as both the CEO, steering the
ship, and as one of the lead devs on the project, helping out where I’m needed.
Gold Rocket | Satoshi
Club: Tell me honestly, did you sell those bitcoins?
Rob M: Well, I
lost one when MTGoxx rugged in 2014/15, and I’m still trying to get it back.
The other one, I definitely didn’t sell for beer money in college.
Gold Rocket | Satoshi
Club: You are absolutely right. With mass crypto adoption, the world won’t
be the same.
Gold Rocket | Satoshi
Club: Give us a brief introduction to the project. What is the essence of
Revest?
Rob M: Happily,
and thank you very much! So what Revest does is that we offer the ability to
lock ERC20 fungible tokens into ERC1155 non-fungible tokens. You can then trade
them with other people, pass them around on sites like OpenSea, and whoever has
them can ultimately redeem them for the underlying value. Since ERC-1155 can
have multiple copies of the NFT, you can even split up a collection of tokens
into multiple ERC1155’s – for instance, I could take 1000 ERC20 tokens and turn
it into 100 ERC-11555 NFTs (which we call FNFTs), each worth 10 ERC20s.
However, what really makes our protocol useful is that you
cannot instantly redeem these ERC1155s for the underlying ERC20 tokens. We
place locks on top of these FNFTs so that people have to wait for the lock to
unlock before they can withdraw the underlying assets. These locks can either
be time locks, which are self-explanatory, value locks, which are based on
price, or address locks, which can be functionally anything.
Andrés M| Satoshi Club: Very innovative
technology.
Chris (Verified
username only): Thank you, our FNFTs truly enable a vast array of new possibilities
for Decentralized Finance.
Andrés M| Satoshi Club: We can do the same in
reverse? To take 10 ERC-11555 and turn it into ERC20?
Rob M: Thanks,
glad you like it. I actually got the idea writing an interactive NFT that would
display the live price of Bitcoin; I did it mainly for fun, and was using
Chainlink oracles to fetch the price for Bitcoin in this NFT, when I realized
that you could take the same concept and do everything about it on chain.
Realized there was a huge gap in the ability to transfer locked tokens in the
crypto space, so much so that acquisitions are basically impossible right now,
and I decided to fill it.
Once you have the ERC11155’s created by RVST, you can
withdraw the ERC20s from them once the lock unlocks. But no, we’re mainly
focused on turning fungible tokens and the associated positions into
non-fungible packets with custom locks, not fractionalizing artistic NFTs.
Gold Rocket | Satoshi
Club: Also we would like to know more about your team. Who is on the
project team core?
Rob M: So we have
a very wide variety of people from an extremely different set of backgrounds.
There’s myself, who has a background in Mechanical
Engineering, and was working on my doctorate prior to catching the crypto bug.
There’s Chris, who yall already know.
There’s Louis, who has a background as a Professor of
Finance, with an emphasis on Derivatives.
There’s Theto, who has a background in investment banking,
private equity, and as a crypto advisor.
There’s Mickle, who has a long background in marketing and entrepreneurship.
There’s foobar, who has his background in computer science,
NFTs, and Solidity development.
There’s James, who has a background in frontend web
development.
And there are a bunch of other friends we’ve made along the
way who have helped Revest become what it is today.
Q1 from Telegram User
@Ajpaa
Financial Non-Fungible
Tokens (FNFT) is said to form the backbone of the Revest protocol and this new
breed of non-fungible financial instruments may be bought, sold, and traded on
any platform which supports the ERC-1155 standard. What is the reason why you
choose the ERC-1155 standard? What benefits/advantages does this standard offer
that makes Revest protocol to leverage and use it? What are your plans for
integration with other Protocol/Network with low transaction fee like BSC?
Rob M: We chose
the ERC1155 standard because it is semi-fungible. Much like a stock or a bond
in traditional CeFi is identical within a company but differs across the
industry (that is, all Microsoft stock is identical, but Microsoft stock is
different from Tesla stock), an ERC1155 can have multiple copies of an
identical FNFT within a single “series” (or ID number). This means
that we can fractionalize a single pot of ERC20’s into multiple different
packets that all have identical unlocking conditions, but can be transferred
independent of one another.
For instance, if I were a dev, and I vested my LP tokens
under a traditional vesting system, I cannot allow any meaningful acquisition,
partial or total, of the real rights to my company. I could sell someone my
wallet, but I know the private key, so that isn’t secure. I can’t fractionalize
the lock, and I certainly can’t easily transfer it using something like
OpenSea. So if another crypto project wanted to acquire my project, they cannot
take meaningful control of the rights to the liquidity, and such, they cannot
meaningfully acquire my project. If, however, I have that project’s 1000 LP
tokens stored in 100 packets of 10 LP tokens each, I can sell off a percentage
of those ownership rights quite easily, and allow for a partial or full
acquisition. With ERC721, I’d have to mint each of those 100 packets
individually, and the gas cost would be astronomical; ERC1155 solves that
problem.
Chris (Verified
username only): In other words, real
world companies such as Microsoft acquire other companies on a daily basis.
FNFT technology will enable this safely for cryptocurrency companies as well.
Q2 from Telegram User
@Ecmq10
Hello Revest team! I
read that Revest liquidity providers and RVST holders will be given the
opportunity to stake their tokens for a period of 1, 3, 6, or 12 months. What
would happen in the hypothetical case that a user wants to unstake their tokens
before that set time? Will there be any opportunity to do so? Will the user
have to pay any additional fee to be able to unstake? Thank you.
Rob M: So we’ve
actually thought through that extremely thoroughly. Instead of having the
ability for the user to unstake, we’re instead locking their staked tokens into
an FNFT; so while they can claim rewards whenever they want from that FNFT, if
they decide that they’d like to retrieve a portion of the underlying asset’s
value early, they can choose to sell or trade that FNFT on any marketplace that
supports the transfer of ERC1155’s! We think this offers a nice balance between
semi-liquid positions and a cost/benefit from selecting longer staking periods;
longer periods will offer higher rewards, but the only early exit is to sell
the staking position itself.
Chris (Verified
username only): In the future, 99% of the fees generated by the Revest
Protocol will be rewarded to our stakers as well!
Andrés M| Satoshi Club: Btw, what is the APR
for staking? Is there a minimum quantity needed to hold for staking?
Rob M: Yes,
should add that we’re launching in Open Beta; the first 6-12 weeks of protocol
operation, stakers will be rewarded with RVST tokens set aside for the purpose.
Following that, fees will be leveraged in ETH.
APR isn’t predictable, given that it will ultimately be
based on how much traffic the platform itself receives, and that how much of
those fees you receive is also dependent on how much of any given pool you
control.
Gold Rocket | Satoshi
Club: you really thought out all the options perfectly.
Chris (Verified
username only): Yes, if someone wanted to they could theoretically sell
their stake on opensea (while its locked in an FNFT), just like a developer who
locks their LP tokens into an FNFT could sell them on opensea.
Rob M: We spent a
lot of time working on every aspect of Revest.
Many late night chats and long meetings, but we hope that
this hard work will pay off.
Gold Rocket | Satoshi
Club: The Revest community has made the first day of the Reservation Event amazing
(с) from your tweeter, tell a little about I. I think you have something to
share.
Rob M: We’ve
really been impressed by the way it has gone! Nearly 1000 ETH has been raised
so far, and the entire event has gone off without a hitch. We chose a batch
auction format for the reservation event, with the goal of avoiding gas wars,
avoiding botting, and ensuring that everyone can participate in the sale
without having to worry about being edged out by the first two. So far, haven’t
seen any of those issues!
Chris (Verified
username only): We also raised a
fair amount in our seed round.
Andrés M| Satoshi Club: Wow big amount, you
have a loyal community.
Rob M: We’re very
grateful to them. Wouldn’t be here without these wonderful folks who’ve
believed in us.
Q3 from Telegram User
@Cheriemike
As part of Revest use
cases you will make donations for Charity, but in your Tokenomics I noticed you
didn’t allocate any % for Charity. So can you tell us the area of Charity will
you want to make donations to? What is the % allocated for it? Will your community
also have a say as regards to which Charity organizations you will make
donations to?
Rob M: So I think
this may represent some minor confusion: FNFTs can be utilized to raise money
for charity through the multiple-deposits feature; this feature allows for
additional deposits to be made into an FNFT series, either forever, or for a
set period of time. We see charity raises as being an obvious use-case for
this, where people can make deposits into FNFTs up to a certain cut-off point,
and ensure that the value raised is distributed automatically across the entire
FNFT series.
That all said, one of our seed round contributors is a
charity-focused organization, whose mission is to raise funds for victims of
sexual trafficking. So we’re very excited to be partnered with them, and hope
to assist them in the future with this effort.
Gold Rocket | Satoshi
Club: it is really noble to be engaged not only in business and technology,
but also to think of charity.
Andrés M| Satoshi Club: It is great to see
tokens with multiple usecases.
Chris (Verified
username only): Yes, there are so many possible use cases, such as charity,
inheritances, derivatives, the list goes on!
Andrés M| Satoshi Club: So, could you tell us
about your tokenomics? How much is the total supply and current market cap?
Rob M: The total
supply is 100M, and the market cap will not be determined until the end of the
Reservation Event – wish I could comment on that, but any estimate I could give
you would unfortunately be inaccurate within the next few days.
We are distributing 33M RVST tokens in our reservation event
currently, which you can learn more about at revest.finance/reserve.
Q4 from Telegram User
@Orlemys
Alongside the news to
announce this AMA session, there was parallel news announcing new AMAs in two
other Satoshi communities! It is very exciting to have projects so interested
in doing AMAs and clearing up any doubt their users might have about their
platform. With this in mind, would you tell us what are some ways in which you
reward your community, and ensure their voices are always heard?
Decentralization is all crypto is about these days, so how does your team
connect with their investors, and what are your decentralizing methods? Is your
ownership renounced? Do you have a DAO in place?
Rob M: So our
token doesn’t just offer 99% of fees incurred by our platform as a reward for
staking it; it also grants governance privileges. While this mechanic has not
yet been implemented, we will transition fully to a DAO structure within a year
of launch of the Revest Protocol. We absolutely believe in decentralization and
want to turn the project over to the community.
Chris (Verified
username only): I am sure that Decentralized Autonomous Organizations are
going to play a key role in the future of cryptocurrencies and blockchains, and
for that reason we will become a DAO.
Q5 from Telegram User
@ss_dragon
The idea of locking
the funds to sometime/price or other criteria is really great. But the question
is, will it possible to break the lock. In case of value/time lock, let’s say,
we lock an asset and the asset dumped by 50% and interest of portfolio, would
like to sell the assets but the value/time didn’t meet. So security of assets
and securing the portfolio is the key for any decentralized user.
Rob M: With our
default lock system, breaking the locks is not possible; we designed it this
way for maximum security, as we don’t feel that the power to break a lock
should be centralized, by default, to any authority.
However, our address locks are designed so that anyone can
write a lock and we do anticipate that people will write locks which offer this
feature. Community sourcing of different locking mechanisms is one of Revest’s
strongest aspects, as the more locks are written, the better the protocol
becomes.
Once a custom lock has been written, it can be shared across
the community and reused by any interested parties. When someone writes a
particularly good lock, we’ll even feature it in the “presets”
section of our address lock configuration page.
Andrés M| Satoshi Club: Talking about security,
have you done any audit process or hackathons to ensure everything is ok?
Chris (Verified
username only): If the Financial NFT is a value lock FNFT though, it could
be set to unlock either above or below a certain price (the price is provided
by chainlink oracle), so if it was set to unlock below that value it, it would
be able to in that case.
Q6 from Telegram User
@JaviSuBs™
How to start in
Revest, from scratch, what is the minimum investment and from where can I
deposit? Can smart vaults be distributed quickly and safely, what is the
response capacity and what security system do they offer at the time of an
emergency due to hacks or xploits? what is the usefulness of the token and the
recommendation you give to give it the best use on the platform. can you
explain a little more? Thank you
Rob M: So to participate in the reservation event, you’ll need to
go to revest.finance/reserve – there is no minimum contribution. To get started
with smart vaults, you’ll visit our webapp; once again, there is no minimum
amount to deposit. We have an emergency response system in place, however, we
are very confident in the quality of our code and do not anticipate any issues.
The token has utility in both fee distribution and governance, as previously
discussed.
Smart vaults (another term for
FNFTs) can be easily sent to multiple addresses with our batch distribution
feature; you can copy/paste a list of addresses and quantities of FNFTs to give
each address from excel or a CSV. We expect this will facilitate the easy
creation of large amounts of FNFTs for vesting systems and similar
applications.
Chris (Verified username only): https://docs.revest.finance For anyone who would like to see our UI,
check out value and time locks under the tutorial section!
For anyone who wants to contribute
to our reservation event as well, it is currently live until Friday!
revest.finance/reserve
Andrés M| Satoshi Club: Thanks
for the answer, now, could you share with us the roadmap of the project? What
is the greatest event coming for the next quarter?
Rob M: We haven’t finalized the roadmap quite yet, but I can tell
you that our first priority is the low-hanging use cases such as team-token
vesting, liquidity token vesting, and generalized vesting structures. Following
that, we’re looking to expand into more complex tokenizations of non-fungible
tokens (derivatives), such as the separation of interest and principal for interest
bearing tokens (AAVE + Yearn). We’ve built the system to be incredibly
compostable, so expanding to these exciting new use cases will be very
straightforward.
The chat was open for 120 seconds; a
lot of questions were posted by Satoshi Club community. Our guests chose some
of them.
Q1
from Telegram user @vedamatrix
How
do you determine the correct market prices on tokens and NFT’s do you work with
Chainlink?
Rob
M: We utilize two different oracle systems currently: Chainlink Price
Feeds, and a Uniswap TWAP that works for any pair on UNI. We’re currently
working with a third team we’ll be announcing our partnership with in the
future to build an oracle that will work for any pair on Uni, Sushi, or any Dex
desired, and without requiring the two transactions that Uniswap TWAPs do by
design.
Q2
from Telegram user @nguyenben
You said: ” In the future, 99% of the fees generated by the Revest
Protocol will be rewarded to our stakers”. So what about the remaining 1%?
Chris (Verified username only): Yes, 99% of revenue generated by
the Revest Protocol will go towards the stakers. The other 1% will go to the
RVST token liquidity!
Q3
from Telegram user @K2ice
How can I contribute to the reservation event in my own little way?
Rob
M: revest.finance/reserve – there is no minimum contribution 🙂
Q4
from Telegram user @JaviSuBs
Greetings, Revest I see that it uses 3 types of padlocks, that proves
to be a very safe and reliable system, but what are the characteristics and
functions of the 3 types of padlocks? What is the best recommendation to use
each of them?
Chris (Verified username only): The three different types of locks
are time locks, value locks, and address locks. We also have several advanced
functions that can be enabled for all of the above, making the possibilities
endless. We had someone in our chat the other day asking if they could use
FNFTs as a “dead man’s switch”, the answer is yes! We are getting all
sorts of cool innovative ideas and proposals and the use cases for FNFTs are
expanding by the day 🙂
Q5
from Telegram user @AugusS7
You
comment that Revest offers 3 types of padlock to lock its ERC20 tokens, but I
am not very clear on its second value lock and its unlocking, could you expand
this information further?
Rob
M: Certainly! Value locks are really quite simple: you specify an
asset to measure the price of, for example, RVST. You next specify an asset to
measure the price in units of – typically, either ETH or USD. You then specify
a threshold value and whether you want the lock to unlock when the value of the
primary asset rises above or below that threshold. For instance, you could
cause the lock to unlock when the price of RVST rises above $1. In this way,
you can introduce performance incentives to any team’s vesting and encourage
investors to help build a project by locking some of their tokens to its value.
There are a lot of possible uses-cases!
Q6
from Telegram user @MdLuffyo
Can the Revest platform run lock systems with all blockchains or does
the system work on a single blockchain network? Can a multi-chain lock,
especially address locks, become functional for both projects and users?
Chris (Verified username only): To begin with we are releasing the
Revest Protocol on the Ethereum blockchain, which is the main hub of
Decentralized Finance. You will be able to lock any ERC-20 token on the
Ethereum blockchain into FNFTs, whether it launched the day before hand or it
has been around for years!
Q7
from Telegram user @atmaca111
What should we expect to change or improve in DeFI after you?
Rob
M: Many financial positions, both in CeFi and in DeFi, are
non-fungible. That is to say, they are unique. A call option placed on the
price of Ethereum relative to USD is a non-fungible position in that it is
unlikely there will be another call option exactly like it; the strike price
and the date will differ. However, in much of DeFi, non-fungible positions are
confusingly represented by fungible ERC20 tokens. It is clunky and we think
that it makes far more sense to represent non-fungible financial positions with
non-fungible tokens. Just as companies like Amazon discovered that the true use
of the Internet lay in E-commerce and not Pets.com, we believe the true use of
non-fungible tokens lies in finance, not art. Art is fun, and NFTs based on it
are fantastic; but we see far more potential applications in finance.
So we think we’ll see DeFi forever
changed by this realization and understanding.
Q8
from Telegram user @surendra040
Rugpull is common in blockchain world when team is not properly doxxed.
What is your team status and how can we trust and invest on your project?
Rob
M: Myself, Chris, and Louis are all fully doxxed. I know half of the
rest of the team personally, and I know everyone’s real name involved. All of
our contracts are locked under gnosis multiset, so I’m very confident that we
are a secure team. I speak with each of these people daily, and I’ve been doing
it for over a hundred days now.
Q9
from Telegram user @cenkkargin0666
What is the token of Revest Finance, what are its main functions? Do
you have tokenomics, if so, can you share it with us? Which blockchain network
do you work with?
Chris
(Verified username only): We don’t have any wild taxes to buy or sell or
any of those tokenomics, you will be able to buy the RVST token with .1%
slippage after we have listed on uniswap. In fact, we recommend you use the
lowest slippage in order to avoid front running bots!
Q10
from Telegram user @tomo_fan
Revest Finance is audited by Solidity Auditors, & It is one to top Audit
firms in Crypto field. How was the overall Report?
Chris
(Verified username only: We passed with flying colors, I will provide a
link to the audit report so that you can see for yourself.
As usual, for the third part, Satoshi
Club Team asked the chat 4 questions about Revest Finance. 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:
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 Soccer Hub and our guest, @hana2398. The AMA took place on the 22nd of September.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We are pleased to announce AMA with Soccer Hub. Today our guest is @hana2398.
Jonah 🏅🎹 | Satoshi Club: @hana2398 welcome to Satoshi Club!
Hannah Nguyen: Greetings Satoshi Club Community!
My pleasure to be here with all of you today & answer all your amazing questions. Can’t wait to see yours!
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @hana2398!
Hannah Nguyen: Thanks all for your interest in Soccer Hub & attending the AMA today.
Gold Rocket | Satoshi Club: Let’s start! Introduce yourself please. How did you get to be involved in crypto & Soccer Hub? Tell us please about your position in Soccer Hub⚽️🏆
Hannah Nguyen: Nice to e-meet all of you guys here. I’m Hannah – CMO of Soccer Hub.
Now I’m also presenting as Business Development Manager of Chainos Solution – 1 of top 10 blockchain companies in Vietnam.
That’s reason why I’m involved in crypto.
Gold Rocket | Satoshi Club: You have a great experience in this industry 😊👌⚽️🏆
Jonah 🏅🎹 | Satoshi Club: Interesting, did your role in Chainos influence your decisions in Soccer Hub?
Hannah Nguyen: Sure it has.
Our core blockchain team is from Chainos and we all are interested in crypto.
Developing a P2E game is not a new project to us, but Soccer Hub is the first one that in which we are the project owner so we save our great passion and effort for it.
Hopefully, Soccer Hub will be welcomed by all of u guys here.
Gold Rocket | Satoshi Club: Give us a brief introduction to the project. What is the essence of Soccer Hub?
Hannah Nguyen: And some brief info about Soccer Hub, the whole team has the same passion for soccer & blockchain, so we sat down and put the plan into action.
Sharing a love for soccer, we aim to build a game with economic benefits for the community, especially when this is an idea arising from the complicated situation of the Covid-19 epidemic.
Soccer Hub is inspired by the top soccer manager games in the world like TopEleven, Football manager, but following the principle of a play-to-earn game.
Gold Rocket | Satoshi Club: It’s so cool when such a beautiful girl loves soccer⚽️😍
Hannah Nguyen: Thanks for your lovely word!
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 Soccer Hub?
Hannah Nguyen: Nice question Gold Rocket!
We started this project from May, right after a meeting that our team sat and shared the idea.
In the near future, we’ll IDO on Sep 29th on Redkite, Poolz and another launchpad.
Gold Rocket | Satoshi Club: Oh…it’s very soon🚀🚀🚀
Hannah Nguyen: Yeah, you guys can expect to get some whitelist spot and hold our $SCH token. It is needed to buy our NFT Players on the marketplace.
Gold Rocket | Satoshi Club: Also we would like to know more about your team. Who is on the project team core?
Hannah Nguyen: We are proud that Soccer Hub was conceived and founded by a team with good expertise and professional behavior. The greatest strength of our core team is passion and maturity in every action.
Our CEO – Salem Nguyen is also CEO of Chainos Solution.
Our CTO – Harry Dau is Head of R&D Department & Blockchain Leader of Chainos.
Our COO – Ngoc Anh Ta is the COO of Ziga Game at the same time.
Soccer Hub is backed by Chainos Solution – one of top 10 blockchain companies in Vietnam, and Ziga game studio, which developed successfully more than 18 games and have DAU number of 300K.
Gold Rocket | Satoshi Club: By the way, your Twitter is really powerful! ⚽️💪
Hannah Nguyen: Great to hear that❤️ We’re impressive by its fast growth too!
Gold Rocket | Satoshi Club: Thanks for the great introduction, we have several questions which were selected for the 1st part. Ready to start?
Hannah Nguyen: Sure. I’m ready now!
Q1 from Telegram user @cleotilde1:
I read that SCH is partnering with Dutch Crypto Investors (DCI) to expand the Dutch market. This is very interesting because, in the Netherlands there is a lot of enthusiasm for soccer. There is a very popular team there called “The AJAX” and you launched an inspired NFT collection In the Netherlands. What is this Dutch NFT collection, inspired by the bubbles of tulips from the 16th century, about? Why did you choose this specific art and how important is this to the Netherlands?
Hannah Nguyen: Very interesting question!
As we all know, as one of Europe’s most populous and economically developed countries, the Netherlands is also known for its vibrant blockchain and cryptocurrency ecosystem.
The NFT market in the Netherlands is hotter than ever recently, with a craze for a 16th century Dutch tulip bubble-inspired NFT collection attracting many bidders.
With our promising project and unique NFT players, Soccer Hub will become a thirst for the crypto trader community in Netherlands. That is the reason why we chose this specific art for the Dutch NFT collection.
Jonah 🏅🎹 | Satoshi Club: Great, are you also intending to do something similar for other soccer loving regions?
Hannah Nguyen: Yes sure, our target market is global, Jonah!
Jonah 🏅🎹 | Satoshi Club: Awesome👏
Gold Rocket | Satoshi Club: What other partnerships do you have or plan to have in the future?
Hannah Nguyen: Now we are having partnerships with many global KOLs and some of them will be our ambassador in our local market and take care our local community for us.
Gold Rocket | Satoshi Club: Thanks for your awesome answers. Ready to proceed to the next question?
Hannah Nguyen: Yes!
Q2 from Telegram user @Rotoxy:
You plan to add a betting prediction into the NFT Soccer Hub ecosystem. How are the bets going to be placed in games? Will it be done between two managers or can users explore the various games that are available, aggregate and place bet on them? How will you be able to generate real time betting odds between team that will be able to reflect the team overall ability as well as their consecutive game’s current form?
Hannah Nguyen: Thanks for your nice question about our betting system!
Bets will take place in some famous matches held within the Soccer Hub ecosystem. It will maybe be a final match in a league or championship. As long as you are a user and hold tokens in your hand, you can join and bet.
All results of soccer matches in Soccer Hub are decided by a smart contract so they can not be cheated. Therefore, it will make sure all the results are fair play and guarantee the participant’s rights.
As for real time betting odds, Soccer Hub team will consider and supplement later if it is really necessary for the player’s experience.
Gold Rocket | Satoshi Club: This direction is a real Klondike today. I think you are on the right track.
Jonah 🏅🎹 | Satoshi Club: I’m sure soccer lovers will want to try your betting system, have you also decided on what goes to the winners of each bet?
Hannah Nguyen: Yes we did. The winners will share rewards charged by all losers.
Jonah 🏅🎹 | Satoshi Club: Excellent!
Gold Rocket | Satoshi Club: Thank you very much for your answers. Let’s move on to the next question?
Hannah Nguyen: Oki
Q3 from Telegram user @yellowchamp:
Soccer Hub have set goals to build a strong community before the end of 2021 and your development team is now busy creating many exciting mini-games for members to play. Next year, you plan to release your main features of Soccer Hub, the soccer manager gaming activities. So, can you give us a hint on what kind of mini-games is your development team busy developing? Will these mini-games be related to soccer only or you are also open to integrate them with other games?
As you also plan to release your main features of Soccer Hub next year which is the soccer manager gaming activities, can you also share an overview on what soccer manager gaming activities can we expect to be live in your platform by next year? Lastly, can you tell us the role and responsibilities of soccer manager in Soccer Hub? How will the role of soccer manager be essential in your platform? Thank you.
Hannah Nguyen: Such a great question. I’m sure @yellowchamp had read many about us.
About mini-game, these games will relate to soccer only and users will play mini-games to level up their NFT Players and earn tokens at the same time. I’m quite sure that everyone will be addicted to our minigame.
About our main feature – soccer manager. The core responsibility of a soccer manager is to build up your dream soccer squad and manage them while taking part in friendly matches or tournaments.
As a real soccer manager, you will have to train your team & manage your squad with your own tactics.
Gold Rocket | Satoshi Club: This is a very detailed answer! Goal!😊😁⚽️ Ready for the next question? Or do you want to add something?
Hannah Nguyen: Sure! Next question please.
Q4 from Telegram user @Brainchest:
The game has parameters such as height, weight, right-footed/left-footed. I think too many parameters can be difficult for those who are not familiar with soccer, but want to play with NFT. Do you plan to create, for example, a basic model of the game with all the features and light with a minimal set of attributes, so that the beginner could start to learn the game and win? Otherwise, an inexperienced player will lose and won’t want to play.
Hannah Nguyen: Thanks for your recommendation. It would be a piece of great advice for our team.
We know the specifications of each NFT player are complicated and require users to have a basic knowledge of soccer. But, these are our distinguished points as this will make your NFT players become unique and much more valuable.
For the inexperienced players, we have mini-games which are very simple games to play & earn. If you don’t know much about parameters like attribution/position/statistics, just skip it and focus on the mini-game. Soccer Hub allows users to easily earn $SCH token from our very simple mini-game.
Gold Rocket | Satoshi Club: Thanks for your answer. Let’s proceed to the next question⚽️
Q5 from Telegram user @Pavel_Jarosh:
As each player on Soccer Hub represents one NFT, how do you plan to add young talents to the game? Can they be raised in Soccer Academies and then attributed an NFT or they are generated automatically? Is the value of NFT different depending on the talent of each young player?
Hannah Nguyen: Thanks @Pavel_Jarosh!
In Soccer Hub’s Marketplace, we’ll release many NFT players, especially young talents who can be trained and developed into Ronaldo, Messi etc.
As a soccer manager you can put them into training sessions to level up their skills and/or join several tournaments to gain winning awards.
And yes, the value of each NFT is different from each other and depends on their talents, skills and strength. The higher skills the NFT players get, the more values the soccer manager can earn.
Jonah 🏅🎹 | Satoshi Club: So in what ways do the skills of the NFT players lead to more earning for the soccer manager?
Hannah Nguyen: Yeah, the players can play our exciting mini-game or use training package to level up. Then users can auction their NFT players to earn, as the higher skill means more value.
Gold Rocket | Satoshi Club: It seems to me that the more use cases the NFT has, the more promising they are.
Jonah 🏅🎹 | Satoshi Club: How does the training package work, how do managers use them to level up the NFT players?
Hannah Nguyen: Like in TopEleven, it will be like a service, you can pay only some token to save your time in training. Your NFT player’s skill will be upgraded.
Gold Rocket | Satoshi Club: By the way, what were you guided by when choosing a blockchain for the game?
Hannah Nguyen: Harry Dau from our team has more than 5 years in blockchain and he know it quite well. All blockchain features are decided by him.
Gold Rocket | Satoshi Club: Thank you very much for your answers and clarifications😍 Ready for the last question of this part?⚽️
Hannah Nguyen: Yeah sure!
Q6 from Telegram user @Cheriemike:
You stated that if anyone wants to own his/her very own soccer club, we need to buy NFT players or auction. What is the process of buying an NFT player? Will it have the same process of buying real life players? And where can we purchase these NFT players? Now for the auction part, can you tell us the requirement of participating in the auction? When do you normally auction NFTs? What will be the minimum increment bid each bidder must place?
Hannah Nguyen: Thanks for your interest & good question.
To buy our NFT Players, firstly make sure you own some of our $SCH, secondly, go to our marketplace (https://soccerhub.io/marketplace.html) (sorry it is still not available now, try it then) to buy one. You will get a random NFT Players and be able to take him to join mini-games/ training sessions to level up.
Then you can auction at the marketplace at a higher price. But the detailed minimum increment bid each bidder will be announced before our marketplace is launched.
Jonah 🏅🎹 | Satoshi Club: Will the users get to decide on any features of this random NFT players, such as name etc?
Hannah Nguyen: We are discussing about it now. We need more recommendations from you guys.
Fyi, we’ll create names randomly by blockchain. But if the soccer manager can change it or not, is still under consideration.
How do u think Jonah?
Gold Rocket | Satoshi Club: Good question, Johnny😂
Jonah 🏅🎹 | Satoshi Club: It will be nice to have the users decide on names of their players except for popular players such as Ronaldo, Messi, else we will see multiple Ronaldo’s😂 and then no name can be taken twice.
Gold Rocket | Satoshi Club: It’s always good when there is freedom of choice😁
Hannah Nguyen: Great advice, thank you!
Jonah 🏅🎹 | Satoshi Club: It will be good to hear your community on this.
Hannah Nguyen: I’ll send it to our team.
Gold Rocket | Satoshi Club: It really makes sense.
Hannah Nguyen: Right! 100% agree.
Gold Rocket | Satoshi Club: Now get ready for the most impressive part of our AMA, live questions! But before that, please share useful links with our Satoshi Clubbers😊❤️⚽️
What is the key point that sets Soccer Hub apart from traditional games?
Hannah Nguyen: To distinguish itself from other soccer games, one of our special features is that an NFT soccer player in Soccer Hub is not just a card, but a virtual player which could be transferred in the marketplace to form a better-skilled team by Soccer Manager. Furthermore, we do not use real-life player characters such as Messi or CR7. We create our own NFT Soccer Players, each with their own implement fictional names related to the crypto world.
Q4 from Telegram user @surendra040:
Is your project only for a soccer lover? What are your plans to attract other users in global level, who are also non crypto investors around the globe?
Hannah Nguyen: My answer is no. Our basic target users include soccer fans & crypto traders as well. Our key weapon is that Soccer Hub is built on P2E model! Easy game, easy earn!
Q5 from Telegram user @csgonub:
How can I join your IDO where do you plan to launch your tokens or am I late for joining for your whitelisting?
Hannah Nguyen: No you’re not late. Our IDO is on 29th September. Very close! We’ll launch on Poolz, RedKite and a secret launchpad with whom we’re having a minigame for our community. You can join here: https://t.me/soccerhub_globalchat/23991
Q6 from Telegram user @highpee:
Some factors which could affect the outcome of matches are coach’s tactics, players technique in competitive positions, weather and lastly, LUCK. Since luck is outside the control of managers, how is it used to fairly influence game outcome? How is the luck factor introduced transparently during games?
Hannah Nguyen: Yeah, the course of the match is calculated by using very complex formulas and based on the unpredictability of the blockchain, so it’s completely fair to the outcome of the match.
Users can rest assured that this element of luck is not subjectively controlled by someone, it is completely random.
Q7 from Telegram user @Tahsinahmett:
Users are cautious about projects due to fraud and piracy. Has Soccer Hub Smart Contract audit been done? Can you share?
Hannah Nguyen: Sure, We are well aware of that. And our smart is on processing of audit now. We’ll public it at the same time with our IDO.
Q8 from Telegram user @bigboicity12:
As a Vietnamese, I am very proud of the Soccer Hub project. Can you share your inspiration for the project?
Hannah Nguyen: Soccer Hub is inspired by top soccer manager games in the world like TopEleven, Football Manager, but following the principle of a play-to-earn game.
Sharing the same enthusiasm for creating a game hub for global fans of soccer, we gather teams and decided to kickoff Soccer Hub in May.
Q9 from Telegram user @curiosoAMA:
Does the Soccer Hub’s team plan to implement real player and team names within the game? Or will the players themselves be able to customize these details as they please?
Hannah Nguyen: Surely you are thinking of famous player names like Messi or Ronaldo. However, currently we are not using real players, we create our own NFT Soccer Players with their own implement fictional names related to the crypto world.
Q10 from Telegram user @hansoyeon:
What did Soccer Hub focus on achieving before the end of 2021? When do you plan to release the main features of Soccer Hub – football manager game events?
Hannah Nguyen: First and foremost we are launching 2000-3000 originally designed NFT players and our own Marketplace.
We have set goals to build a strong community before the end of 2021 therefore, our development team is now busy creating many exciting mini-games for members to play and stake $SCH.
The main features will be released in Q1 next year!
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:
