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 Entropyfi and our guests were @DDDDD_Chen, @DANIELTONGAWESOME, and @janicechok – representative of Entropyfi. The AMA took place on the 21st 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 Entropyfi!
Welcome to Satoshi Club😀
D Chen:
Hi folks! This is D Chen from Entropyfi!
Daniel Tong: Hi guys ~ Welcome !! This is Daniel from Entropyfi!
Jonah 🏅🎹 | Satoshi Club: Our guests today are; @DDDDD_Chen @DANIELTONGAWESOME @janicechok welcome to the Satoshi club!
Mary | Satoshi Club:
Welcome to Satoshi Club, guys!
Jonah 🏅🎹 | Satoshi Club: We are glad to have you here 😊
Mary | Satoshi Club:
How are you today?😁
D Chen:
We are doing great. Thank you for having us here!
Mary | Satoshi Club:
So, let’s start our AMA 🚀
Mary | Satoshi Club:
Could you please introduce yourself and tell us more about Entropyfi?🥳
Daniel Tong: This is Daniel Tong: tech lead of the Entropyfi.
D Chen: Sure thing! I’m D Chen: and I’m the product lead at Entropyfi. Entropyfi aims at building the wisdom of the crowd machine through a lossless prediction market.
The concept of accessing the wisdom of the crowd is nothing new. But we want to scale the traditional prediction market by offering users a lossless experience. As we scale the platform with more users, the output from this “machine” will be better calibrated.
Mary | Satoshi Club:
What is your main goals? Why crypto needs your project?😁
D Chen: Our main goal is to build an “oracle” machine for black swan events, such as stablecoins losing pegs. The data from this oracle machine is generated from every individual’s prediction on the market. By offering the lossless format, we want to attract more individuals to use the product. Our data could be very valuable for downstream tasks such as automated insurance pricing for the black swan events.
Jonah 🏅🎹 | Satoshi Club: This is interesting I must say.. 👏
Mary | Satoshi Club: Which other event will you be able to predict? Can you give more examples? I am really interested 😉
Daniel Tong: If you check out our dapp, we currently support BTC-stable lossless prediction on ETH kovan & Matic Mumbai testnets.
D Chen: For example, users can predict whether an event from a bundle of events will happen (i.e. anyone USDC, USDT, DAI losing its peg). The bundle will be named as a “3crv” bundle, as the three stablecoins consist of the 3CRV liquidity pool.
Mary | Satoshi Club:
I am excited to try your dapp!👍
Jonah 🏅🎹 | Satoshi Club: Are you focusing only on stable coins?
D Chen: Nope. We will also support events such as Defi TVL rankings. For example, users will be able to predict whether TVL of Yearn will drop by 20% in the next week (the 20% figure here is just an example).
Thus we can create derivatives for Defi performance indexes. Giving users greater flexibility to invest in Defi rather than just investing in the governance token of Defi protocols.
Mary | Satoshi Club: You create new possibilities for users! That’s awesome!
Who are on your team? Is it big? 😁
Daniel Tong: We are growing pretty fast! Most of our team’s developers were doing blockchain research for years and our chief scientist and cofounder is a professor at a leading university in Canada.
Mary | Satoshi Club:
Is your team public?
Daniel Tong:
We are currently not public ~
Jonah 🏅🎹 | Satoshi Club: Do you plan on remaining that way?
Daniel Tong: We might decide to come to the public later ~
Mary | Satoshi Club:
Thank you for your intro, guys!
We choose 6 questions for the first part of our AMA 😀 Are you ready to start with them?
D Chen: Yep! Happy to answer questions from the community.
Q1 from Telegram User @Emnking
Entropyfi is a lossless decentralized gamified prediction market on crypto-assets, NFTs, DeFi indexes, and other on/off-chain assets. This entails that, you can engage in market speculation without putting principal at risk. I will like you to explain further how this will be possible? Does Entropyfi work in the same way as the futures trading market? What exactly differentiates Entropyfi from other prediction markets??
D Chen: Actually, Entropyfi is more similar to Pool together. All participants’ deposits are deposited to a Defi yield generating platform (currently integrated with AAVE). The deposits will generate interest while waiting for the settlement date. On the settlement date, participants who are correct are paid with interest plus the original deposit, while the participants who are not correct can still withdraw their original deposit. We wrote the smart contract in a way such participants can choose not to withdraw, and their position will be automatically rolled over to the next round, thus saving the users gas cost. Our biggest differentiator is the lossless format. In a loss-realized market, participants without a very strong conviction might not participate because of the possibility of losing. In a lossless market, we try to capture as many users as possible, because the user cannot lose the principal even if the user is incorrect about the prediction.
Mary | Satoshi Club: So, participants don’t lose on anything?
Jonah 🏅🎹 |
Satoshi Club:
Your lossless format is quite intriguing
Daniel Tong: Participants are not losing their principles instead they are risking their opportunity cost (interest generated during the period of time).
Mary | Satoshi Club:
Gotcha! Do you take any additional fees from them?😁
Daniel Tong: That’s why our slogan is ‘supercharge your yield with your prediction skills’ ~
Jonah 🏅🎹 | Satoshi Club: How do you ensure these interests are always available?
D Chen:
We designed a fee switch, but it is initially turned off at launch. The DAO can
make the decision to turn on the fee switch later
Currently, we are integrated with AAVE. However, the smart contract is written with a modular design, such that later we can swap AAVE with other Defi yield generators if they can provide a better risk-adjusted return.
Mary | Satoshi Club: Oh, nice! DAO decides😁
Daniel Tong: Also, fees are not coming from users’ principals, it’s from the total interest generated from AAVE during the game period ~
Mary | Satoshi Club: Awesome system!👍
Thank you for your answers, guys! Ready to proceed?
Daniel Tong: Lossless prediction market is our 1st product, 2nd product we will launch a new insurance protocol. Evently, we will use 1st and 2nd product to make the 1st onchain defi rating oraacle ~
Daniel Tong: Yep ~ lets do it ~
Q2 from Telegram User @Billz120
Entropyfi – Looking at your Game Logic, there is a provision for a weekly lottery in which the lottery draw is funded by the protocol revenue. Users who won the lottery will have to burn their pledged governance token to claim the reward. Could you please explain to us why users who won the lottery will have to burn their pledge governance token to claim the reward? Why would users who did not win the lottery retrieve their governance token for the next weekly lottery draw could you please explain?
D Chen: We designed this burn mechanism to have a deflationary outlook for the governance token. Also, this design is fair to all users since the number of governance token hold by a user is proportional to the probability of winning. If the winning user is asked to burn the governance token, we can avoid the scenario where a group of whales always win the lottery
Mary | Satoshi Club: Is this your only one mechanism to prevent whales manipulations?
What is your opinion is whales good or bad for projects?😁
D Chen: Nope. We also have designs that direct whales away from the lottery to the staking pool. We do welcome whales in our projects. However, we designed the mechanism to also give non-whale users a chance to benefit from the platform’s value creation.
Mary | Satoshi Club: It’s honest actions 😁 when do you plan your dapp to go live?
D Chen:
We will have our mainnet launch shortly after the public sales event. Both will
happen in late October. But we are currently launched on ETH Kovan and Polygon
Mumbai testnet.
There is a tutorial on our Gitbook explaining how to get Eth Kovan testnet tokens and try our testnet dapp.
Jonah 🏅🎹 | Satoshi Club: By the way, What amount classifies a user as a whale in your platform
D Chen: Based on our past experience, an account holding more than 0.05% to 0.1% of total supply will be considered as whale in the lottery pool. But to participate in the prediction market, there isn’t a difference in experience if the user enters with a large amount of deposit or not, since users will enter the market with stablecoins or mainstream assets (i.e. WETH or WBTC).
Mary | Satoshi Club: Thank you for your answers! Ready to jump to the next question?😁
D Chen:
Yep!
Q3 from Telegram User @victorogb
Going through your roadmap, Entropify has slated it’s Mainnet launch, a proposed IDO, Liquidity Mining launch and Sponsor Mining Launch all within the periods of Q3 2021. For a relatively new prediction market as yours, these events are essential. Been that Q3 2021 ends this month, I couldn’t find an update on some of this scheduled events, especially your Mainnet launch. Therefore, can you offer us some insight into the current phases of development of these products, when should we expect the launch of your Mainnet and IDO event, and how will these products improve the quality of services offered?
D Chen: Currently, our development is ahead of schedule. The smart contracts are launched on the testnets. As you said, the mainnet launch is a huge event, hence we wish to use it as a catalyst for our upcoming IDO event. We will plan to have our Mainnet launch and IDO in late October, meanwhile building a strong community between now and then. Currently, we are also expanding the development team such that we can make UI/UX adjustments based on the feedback we received from our testnet users. Please do join our discord and offer some feedback for the testnet product.
Mary | Satoshi Club: We can find testnet dapp here?
D Chen: Yes, on the right corner.
Mary | Satoshi Club:
Do you plan to launch both on Polygon and Ethereum?
Yes, we plan to launch on both. There are also some other scaling solutions that we are considering.
Mary | Satoshi Club: Can you name them?😁
D Chen: We are currently looking at Arbitrum, Binance Smart Chain, Aurora, and Oasis
Mary | Satoshi Club: Nice choice 😊 we will follow your updates!
Thank you for your answers! Ready to jump to the next question?😉
D Chen:
Yep! 👍
Q4 from Telegram User @meml97
It caught my attention that it is possible for users to have the role of “Pool Sponsors” on Entropify, can you tell us more about this? How can someone become a Sponsor on your platform and what are the requirements for it? By becoming Pool Sponsors, what advantages will users receive? What kind of benefits will this provide to them to motivate them to become Sponsors? How much do users need to invest to be able to become Pool Sponsors?
D Chen:
Anyone can become a sponsor with any amount of deposit. Becoming a sponsor
means the user is contributing to the specific pool (i.e. BTC prediction
market)’s yield without participating in the prediction market. The sponsor
will contribute the yield while earning the governance token. The sponsor
mechanism is designed to create a fly-wheel effect. More sponsor deposits
meaning a higher potential yield for the prediction market winners, which will
attract more prediction market users. Since the governance token will also
share the fees from the prediction market interest earnings, the value of the
governance token will appreciate, which will then attract more sponsors to
participate
Jonah 🏅🎹 |
Satoshi Club:
What tokens do the pool sponsors deposit?
Daniel Tong: Also, all roles (sponsors or users) can leave the game to withdraw funds from the protocol anytime they want.
Mary | Satoshi Club: What percentage of tokens do you plan to distribute through this pool? Can you share your tokenomics with our community?😊
Daniel Tong: Same as users who speculate, usually same as the pool principal (collateral) token.
Daniel Tong: For example, BTC-DAI pool -> both users and sponsors deposit DAI.
D Chen: It depends on which prediction market pool that the sponsor wants to sponsor. For example, if I want to sponsor the BTC-DAI pool, then I will deposit DAI as the sponsor (the first symbol is the asset that we are predicting, the second symbol is the deposit that we are putting down)
Mary | Satoshi Club: 😁
D Chen: Yep. We allocated 40% of our tokens as sponsor rewards and liquidity mining rewards. The current team and advisors are allocated 8%, with 17% allocated to both public and private investors. The remainder is allocated to the protocol treasury
Mary | Satoshi Club: Nice allocation for the pool😉
Thank you for your answers! Ready to go to the next question?🔥
D Chen:
Yep!
Q5 from Telegram user @Ajpaa
Entropify recently announced the success of the huge upgrade of its App. for mobile players, the upgrade brings a NEW responsive view in addition to relaunched games for phones. What major advantage do the features of the upgraded App have over the previous one? What new features did you add? Can you give us a sneak peek of the features coming soon to be integrated you highlighted?
D Chen:
In the new dapp, the biggest change is that we added a users’ dashboard, giving
the users an overview of the deposits and NAV on the platform. We also designed
the dapp to better fit mobile devices, since we know that many users prefer to
use phones and tablets for interacting with dapps. We are also integrated with
Mask Network, which is a Twitter plug-in that allows users to interact with
Web3 applications from a tweet. This will enable us to offer social trading
feature
Mary | Satoshi Club: Even Mask Network, that’s nice! Btw, do you have any official partnerships? Or maybe planning some?
D Chen: Yep. We are currently integrated with Mask Network, Chainlink, Polygon, and AAVE. In the future, we will be integrated with Defi dashboards such as Zapper and DeBank. We will also partner with the Graph Protocol to bring the Defi KPI prediction market
Jonah 🏅🎹 | Satoshi Club: 👏 how will the social trading feature you mentioned work
Mary | Satoshi Club: You’re doing great! When Zerion?😉
D Chen: Soon ™ 💪😏
For example, if a trading guru made a tweet about where the market is going, then users can choose to follow the guru directly from the tweet.
In the future, we can also add a leader board feature, so people can keep track of their performance.
Mary | Satoshi Club: How you will identify trading gurus?😁
Daniel Tong: Also, since the game is lossless, it’s less stressful for KOLs to share and invite everyone to join ~
Mary | Satoshi Club: Definitely 👍
D Chen: One of our current investors is Wootrade Network. Wootrade Network has a good relationship with trading guru Twitter profiles. We can start from there. In addition, we can grow our list from there through referral.
Mary | Satoshi Club: We have enough stress here🤣🤣🤣
Daniel Tong: Lol.
Mary | Satoshi Club: Oh, we love Wootrade Network 👍
Thank you for your answers, guys! Are you ready for the 6th and last question from this part?😊
Daniel Tong:
Lets ~ go ~~
Q6 From Telegram User @Highpee
You said your protocol will reserve a percentage of income generated and deposited by players and sponsors as part of platform revenue that can be claimable by users based on their Revenue Claim Power. What percentage of users’ or sponsors’ deposits do you cut away and keep in this reserve? Who controls the inflow and outflow of the fund in this wallet? What is your Revenue Claim Power and how will it be used to offer proportionate rewards to users? How frequently should a user claim his revenue share?
D Chen: The percentage of the cut will be decided by the DAO as a protocol parameter. We will also design a maximum cadence for each adjustment, such that the fee won’t be increased or decreased by a large amount in a single proposal. The inflows and outflows of the fund will be fully controlled by the smart contract logic, as the team is dedicated to building a decentralized platform. Revenue claim power is proportional to the length of time that the governance token locked and the amount of token locked. The user can claim anytime the user wants, but we think it would make sense if the gas cost is only a small fraction of the claimable value
Part 2 — live questions from the Telegram community
Q1 from Telegram user@ronaldo_super Are there any features for saving gas costs for Entropyfi project?
D Chen: Yes. We optimized our smart contract and used an efficient algorithm when possible. We also tokenized users’ deposit positions, such that if you are long-term bullish (or bearish) about a prediction market, you can pick a side and leave your deposit there. It will automatically roll over to the next round. Thus you don’t have to interact with the smart contract if your choice remains the same.
Q2 from Telegram user @ethcypherpunk Ethereum and Polygon are great, in any case, is it of your interest to deploy this protocol in some other blockchain? or maybe a Layer 2?
Daniel Tong: Yeah, ETH and polygon for sure now, we also talked with arbitrum and Oasis.
Q3 from Telegram user @Xusuo Hello sir can you mention and explain here about BURN and Buyback system from $ERP TOKEN project? how the burn token work and what event is possible to trigger the burning token?
D Chen: There is no buyback function of the platform, as we believe that buybacks will cause short-term price fluctuations and might not be fair to all token holders. Rather, the value of the platform is distributed to token holders via the lottery pool and revenue claim mechanism. The lottery pool has a burn mechanism for lottery winners. However, if you didn’t win the lottery, you get to keep your tokens.
Q4 from Telegram user @Ajpaa Entropify is said to support multiple prediction products such as Prediction of the price of favorite coins or NFTs, Speculation of stocks or commodity market, and Forecasting the key performance metrics (KPI) of DeFi protocols. How does the prediction/ Speculation/Forecasting for coins or NFTs, off-chain assets, and KPI of DeFi protocols work and how are they implemented?
Daniel Tong: For on-chain asset -> chainlink price feed, off-chain assets such as TESLA stock price -> chainlink price feed also works, for NFT – similarly ~ Defi KPI – the graph protocol will help for sure.
Q5 from Telegram user @centoscu What is black swan events could you please explain about black swan events?
D Chen: Black swan events are events with a very low probability to happen. For example, USDT losing its peg could be a black swan event. Because the event happens with such a low probability, it is hard to host such a product in the traditional prediction market, as one side of the market will lose 99% of the time (i.e. 99% of the time, USDT won’t lose the peg).
Q6 from Telegram user @Astonroe While researching about this project I noticed that there is no information about the native token of Entropify.. Can you tell us what is the ticker of Entropify token? When this token will be publicly available?
D Chen: Our ticker is ERP. We are currently listed on Coinmarketcap: https://coinmarketcap.com/currencies/entropyfi/ The token will be available after the public sale, which will be late October.
Q7 from Telegram user @SHELBYWINAMA I am a beginner and I want to buy $ERP tokens but I don’t know how to buy and where to buy them, so can you tell me how I can buy $ERP tokens and is there a minimum purchase amount for $ERP tokens? Can you tell me, if I buy $ERP tokens will I get a lot of profit? And what benefits will I get?
Daniel Tong: This is our website: entropyfi.com, join our social media channels, such as telegram or discord. We will have ITO or IDO pretty soon ~
Q8 from Telegram user @captainprice111 For now, does Entropyfi only allow bets on crypto prices? Do you plan to expand the areas where people can bet? For example, determining how much an NFT work by a famous artist will be sold for? Or predicting who will win a Formula race?
Daniel Tong: Yeah ~ for sure ~
We will also support interesting ETH-GAS movement prediction ~
A lot of interesting design and lossless prediction games are approaching ~ join our channels and stay tuned ~
Q9 from Telegram user @K2ice How can I supercharge my yield with my prediction skills? Any guidelines available on how?
Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Pokmi and our guests was @mxmsbt – representative of Pokmi. The AMA took place on the 21st of September.
The total reward pool was 500$ 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
D. | Satoshi Club:
hello Satoshi Club! we are happy to introduce you AMA with POKMI !
Mad Max:
Hi everyone!
Maxime CMO of Pokmi.
D. | Satoshi Club: Hello! Welcome to our club! 😊
Mad Max: Many thanks.
Happy to share this AMA with you guys.
Jonah 🏅🎹 | Satoshi Club: Hello.. we are excited to have you here.. 😁
Mad Max: Likewise.
D. | Satoshi Club: And let’s begin our AMA with a short intro 🙃
Mad Max: Perfect.
So Maxime, CMO of Pokmi as I mentioned before.
Today is a very special day for our team.
We’ve just listed our $PKN on Uniswap & Pancakeswap.
So as you may understand I’m kinda pumped up today.
A lot of sweat & tears to get here 🙏
D. | Satoshi Club: Congrats on this 👍
Mad Max: Many thanks.
Do you want me to pitch our project before moving to questions?
D. | Satoshi Club: Could you share the links btw? if someone here wants to buy your token 😉
Jonah 🏅🎹 | Satoshi Club: Yes, you can go ahead after sharing the link…
Jonah 🏅🎹 | Satoshi Club: Awesome thank you for sharing.. 👍
Mad Max: You’re welcome.
D. | Satoshi Club:
@mxmsbt also can you give us a brief overview of your project? at what things
are you guys working on😇
Mad Max: Definitely.
Pokmi’s reason for being is to provide a fairer, more transparent, and ethical model for content creators by putting them back at the center of the economic equation, to transform the world of adult content through the latest technologies and innovations. To guarantee to 18+ – and only to them – a unique, secure and authentic quality content experience through Blockchain technology. To promote ethical, inclusive, and educational values, supported by its partners and Ambassadors and leverage AI and machine learning tools to solve systemic problems in its market.
D. | Satoshi Club: Ahh so project for adults 😏
Very nice 👍
Mad Max:
😏
So we are the crossroads of NFTs, Blockchain & Adult Content.
We’ve created a token which is called the $PKN.
Jonah 🏅🎹 | Satoshi Club: Nice Initiative.
D. | Satoshi Club: Spicy mix 🌶
Mad Max: And we want this token to be the first Token used to enjoy adult content.
On our platform and on other platforms all around the world.
We’re partnering with tier 1 adult content ambassadors.
Like Maitland Ward, Manuel Ferrara, Kayden Cross.
And if you guys are nice.
I’ll drop the latest signature on our roster 😉
Exclusively on this Club.
D. | Satoshi Club: We are nice 😄
Jonah 🏅🎹 | Satoshi Club: We are nice over here 😄
D. | Satoshi Club: Btw, why you decided to focus on the adult industry? Do you see a big potential there?
Mad Max:
Do we have some adult content enthusiasts over here?
We believe that tech and blockchain is the best way to erase “grey zones” in the digital field.
So we wanted to start with an industry that need to experience a great disruption for the better.
Jonah 🏅🎹 | Satoshi Club: Sure we have over 91,000 members here so you will find a good number of those interested.
Mad Max: So let me give you a hint on our last Ambassador.
D. | Satoshi Club: Makes sense 😊
Yes, please.
Mad Max: If I say you “Watch out”
What is it for?
To prevent you from a…
D A N G E R
😉
Jonah 🏅🎹 |
Satoshi Club:
😄
D. | Satoshi Club: That’s quite a puzzle 😁
Mad Max: French sense of humor i guess.
Ha ha ha.
Btw the core team is in Paris but we’re opening NYC, LA, and Tokyo in the very next days.
And we’re signing top tier ambassadors in those areas too.
Jonah 🏅🎹 | Satoshi Club: Yeah i noticed you have a lot of french people in your group.
Mad Max: We’ve used the french market as a test & learn field.
It’s the 6th biggest market worldwide.
D. | Satoshi Club: Awesome! truly decentralized team 👌
Mad Max: And French people are very picky with adult content, so we’ve used this starting point as an opportunity.
Jonah 🏅🎹 | Satoshi Club: Oh. I see.
Mad Max: For real. Growing fast. 5 members 4 months ago, nearly 100 now.
Jonah 🏅🎹 | Satoshi Club: 👏👏 impressive
Mad Max: Many thanks.
Maybe we could talk about our product?
Or do you guys have questions about our Tokenomics?
Jonah 🏅🎹 | Satoshi Club: We’ve selected some questions from our community to get to know more about your products and project…
D. | Satoshi Club: We can 😃 I actually wanted to thank you for this nice intro and suggest opening the first part of our AMA with questions from the community 🙃
D. | Satoshi Club: Are you ready for it?
Mad Max: Wonderful.
Let’s jump in.
Q1 from Telegram user @JesusFre1tes
Many of the adult content platforms are not decentralized, but some of them have started accepting cryptocurrencies to pay for subscriptions. My question is, what were the advantages your development team saw in blockchain technology to develop such a platform in a decentralized way? Access to this kind of platform really is easy, what changes in Pokmi being a decentralized adult content project?
Mad Max: Thanks for the question.
There are many upsides to creating a blockchain-based platform. First of all, creating a specific Token for adult content is the best way to create a safe ecosystem for the creators.
We’ve all saw what happens with PH (banned in Germany), OnlyFans…
It’s also the best way to create a safe ecosystem for the users.
On traditional platforms – not NFT based – the interactions with the creators are not genuine because of the perfect asymmetry of the relationship.
D. | Satoshi Club: We had AMAs here with another adult project like CumRocket and Pornrocket, I suppose they are kinda well-known in crypto field, what are the basic differences you offer to your users compare to them?
Mad Max: The main differences as for the moment is our multiyear exclusive partnerships with top tier talents and the fact that we have the only up and running platform.
Mad Max: But many other differences will pop up along the way.
D. | Satoshi Club: I would say insane number 👀
Mad Max: Because and i’ll finish my answer to the first question with this.
We’ll also use our tech as a way to prevent youth from seeing adult content.
Jonah 🏅🎹 | Satoshi Club: Exciting.. 😁
Mad Max: We are launching “the poken wallet”.
That will be a Google-SSO-like auth.
But for adult content.
And a lot of well-known traditional platforms are partnering with us.
D. | Satoshi Club: This is very innovative 👍
Mad Max: And it’s also a necessity.
D. | Satoshi Club: True.
Mad Max: That’s why Maitland ward teamed up with us.
Jonah 🏅🎹 | Satoshi Club: That’s great… Do you want to mention the names of any?
Mad Max: Let me paste here her quote on the press release we’ve launched today in the US.
D. | Satoshi Club: Sure!
Mad Max: Maitland Ward discusses the new opportunity. “I’m super excited for my new exclusive partnership with Pokmi! Over the last year I have been offered several deals from various NFT companies to join the amazing opportunities in the crypto market space. Pokmi is without question leading the way with its platform and company vision. It has a flawless business plan, and was a no-brainer for me to join forces with them. Today is such an exciting day for the launch of its NFT platform. The creative and financial possibilities are endless. Today we celebrate its first official trading listing on the blockchain exchanges and together we intend to deliver exclusive adult content to the global market with a platinum approach to quality and exclusivity”.
The entire top 5 is in our pipe.
Jonah 🏅🎹 | Satoshi Club: 👏
D. | Satoshi Club: @mxmsbt thanks a lot for the answers! ready for the next question?
Mad Max: Let’s go.
Q2 from Telegram User @V1ct0r_26
The Porn Industry is a wildly huge space that aims to fulfill everyone’s preferences, wishes, and fetishes, sometimes a lot of said preferences can be disrespectful to some people according to their own beliefs. With that in mind, I was wondering, what kind of content will we be able to find in Pokmi’s platform since you are aiming to make it an ethical and secure space? Will there be categories like those ones we can find on regular porn websites? If so, what categories will we be able to find on Pokmi?
Mad Max: That’s a real concern and a great question.
We’re working on a new UX for the categories.
We don’t want to use old-fashioned and disrespectful words to describe our content and our creators.
Our main axis to make our platform more ethical is to first identify clearly every creator.
And thanks to our iA we know who are the people on the content, how many people are represented on every content, and so on…
And secondly to work with every creator on a more creative way to express their lust.
As humans for humans.
All on the same level.
Some cool features are coming on the V2 with personalised onboarding though.
Because we are aware that each user wants to see something based on his/her preferences.
D. | Satoshi Club: When do you plan to launch V2?
Jonah 🏅🎹 | Satoshi Club: Yeah.. that’s right
D. | Satoshi Club: That’s true.
Mad Max: We are lucky.
Because our work basically consists of redefining ways to enjoy adult content.
D. | Satoshi Club: Btw as i can see to get access to your platform I should register first, link my email, so is it really necessary? did you think about making access simpler? in a DeFi way, like only connect metamask and let’s go.
Mad Max: It’s on its way. This feature is ready to be launched. We’re also working on helping porn enthusiasts to switch their fiat to our crypto seamlessly.
To enjoy, buy and sell content.
D. | Satoshi Club: Thank you! let’s go to the next question? 😉
Mad Max:
👍
Q3 from Telegram user @meml97
It caught my attention that while reading about Pokmi, I saw that it’s goal is to change the Porn Industry, and to do that, Pokmi will introduce a new kind of asset called NFPs, can you tell us more about them? How will these NFPs exactly work? What will make them different from NFTs we currently know? What kind of advantages will they provide to Pokmi, creators, and the Porn Industry in general? Also, NFTs can be traded across different platforms among many other possibilities they provide, will NFPs offer the same possibilities?
Mad Max: NFP is basically a contraction of “NFT” and “Poken”.
So yeah we are using NFT tech.
Jonah 🏅🎹 | Satoshi Club: 😁.
Mad Max: Our creators are very creative though.
D. | Satoshi Club: Are your NFTs supported by two chains? ETH and BNB? where people can trade them?
D. | Satoshi Club: Are you thinking about creating your own marketplace for NFTs?
Mad Max: That’s what we’ve done with Pokmi.
We’ve already sold many NFTs.
Some for 3+ ETH.
D. | Satoshi Club: 👀
Mad Max: A pornstar’s panty.
Ha ha ha.
To sum, we’ve launched our token to disrupt the industry.
D. | Satoshi Club: Whaat😁
Mad Max: And a platform to show the world how we could disrupt it.
Yeah the 3ETH+ NFT.
Held an unlockable content.
And this unlockable content was a panty.
D. | Satoshi Club: Nice 👌
Jonah 🏅🎹 |
Satoshi Club:
👏
D. | Satoshi Club: Thank you, Max! so I think we have done with this question.
Mad Max: Great.
D. | Satoshi Club: Ready for the next one?
Mad Max: Always!
Q4 from Telegram user @Pavel_Jarosh
Pokmi’s Roadmap for 2021 includes International partnerships in August and 5K+ Content creators by the end of the current year. Do you mean international studios as content creators by partnerships or world-known websites for using the same databases for hosting? 5K+ creators are professional actors or any amateur can use Pokmi to promote its content?
Mad Max: Most def.
That’s exactly what we are executing.
100 ambassadors – more than 500k followers on Social media.
And 4900 content creators.
From all channels from well-known studios to Reddit stars, suicide girls…
Only fans and so on.
D. | Satoshi Club: I have a classical question for you👀 – could you share your roadmap with us?
Mad Max: Sure.
Now we’ve launched our token on DEXs.
We’re getting ready for some top 10 CEXs.
Mad Max: Listing on CEXs in October.
D. | Satoshi Club: Nice! so you are already in negotiations with some exchanges?
Mad Max: Definitely.
And our ethical approach is a great way to develop strong relationships with them.
D. | Satoshi Club: @Jonahapagu do you have any additional questions for our guests? or are we ready to go to the next question?
Jonah 🏅🎹 |
Satoshi Club:
Let’s go.. everything is clear
D. | Satoshi Club:
🚀🚀🚀
Mad Max: Let’s Go.
Q5 from Telegram User @Jmagsss
Knowing and certifying users’ ages is considered one of the most difficult challenges adult platform faces. Some platforms only rely on the faith of the users and sometimes these users ignore these verifications. For Pokmi, I’ve learned that you will use a state-of-the-art AI method and features to provide a higher standard of age certification towards your users. Can you please elaborate on how will this AI function and work? Does this include user registration and application into your platform?
Mad Max: To try to be as “decentralized” as possible we are working on a decentralized feature called the poken wallet that could be one for all KYC made once for every platform.
And i’ll add that creating a paid in $PKN platform is a great way to discourage youth to make all the KYC process.
Mad Max: IA will also help us definitely.
Jonah 🏅🎹 |
Satoshi Club:
What will be the features of the poken wallet.. what tokens will users store in
them
Mad Max: All their 18+ NFTs, Token our data that they’ll need to be identified as adults.
D. | Satoshi Club: Can you tell me about the tech behind ‘poken wallet’? are you working on something unique? and how the user will use it? please give us an example.
Mad Max: The most amazing feature I had the chance to try is a disrupting way to age-check people on a picture.
D. | Satoshi Club: So it would be impossible to cheat?
Mad Max: We’ve bought the most advanced computer vision algorithm in this field.
And add R&D to it.
Barely impossible
Jonah 🏅🎹 | Satoshi Club: In some parts of the world, some people can look really old… 😂
Mad Max: Ha ha ha.
Got you.
(btw we’re hiring devs)
A lot of devs.
Mad Max:
😉
Jonah 🏅🎹 |
Satoshi Club:
That’s Great… 👏
D. | Satoshi Club: I hope you will find some people in here, in our club 😊
Mad Max: Could be great.
Ha ha ha.
Crypto is a small world for the moment.
D. | Satoshi Club: @mxmsbt massive thank you for the answers! I think it’s time for the last question from part one😇
Mad Max: You’re welcome.
Let’s move on.
Q6 from Telegram User @yellowchamp
Pokmi let anyone to have an uncensored relationship with their favorite performers, so do you intend to include privacy with this uncensored relationship?Can you explain more about the uncensored relationship? How can anyone will have an uncensored relationship with their favorite performers through Pokmi? How can anyone be connected with their favorite performers through your platform? With their uncensored relationship,does anyone is responsible with their action with the knowledge of Pokmi if anything happens unintentional with their uncensored relationship? Thank you
D. | Satoshi Club: 💯
Mad Max: First and foremost I think I should reframe it by saying “digital uncensored relationships”.
Second, smart contracts are incredible and as you know we can implement a lot of creative stuff into them.
We develop features around the notion of uncensored relationships.
The first one is exclusive rooms with your favorite creators.
These rooms are free and you can enter them only by staking some $PKNs.
And if you want a more exclusive kind of conversation we implemented private messages with the same system.
“Staking as a subscription”.
D. | Satoshi Club: Since we mentioned the smart contract I have to ask about security audits.👀😄 did you pass any? and what about the overall security of the platform? everything is safe?
Mad Max: We do have a security audit done by two external trusted companies.
Techrate on 06/25/21.
And I can’t remember the other one for the moment.
D. | Satoshi Club: Certik?
😉
Mad Max: I think you’re right.
D. | Satoshi Club:
🙌
Mad Max: But I don’t want to tell you BS.
We also hired a dedicated security team.
And whitehats.
D. | Satoshi Club: Noice.
Security in crypto is vital. and I think you do your best for this 👍
Jonah 🏅🎹 | Satoshi Club: Interesting you are doing all you can.
Mad Max: We put everything we have.
All the team is 100% focused.
24/7 🙂
Part 2 — live questions from the Telegram community
Q1 from Telegram user@Shaa93 Why does Porn need NFT?
Mad Max: Porn needed the NFT to protect content, ownership, and fair compensation for creators. NFTs are also a powerful way to fight against theft, content misappropriation, or even revenge porn.
Q2 from Telegram user @coinresearcher As Pokmi is a porn project do you think you can list it on Binance?
Mad Max: We are 100% sure to be listed on at least a top 10 CEX by the end of October.
Q3 from Telegram user @Einsteinyl POKMI has created a token name with $PKN, so I want to ask about the function from $PKN, what user able to do by holding $PKN? Do you have stake or farm feature?
Mad Max: We launched today our own liquidity pool on our website and staking as a subscription system.
And you’ll be able soon to farm and pool on Pancakeswap.
Q4 from Telegram user @Kargil1999 Have You planned to Collaborated with Popular Porn Artist? Or Is there any Collaboration already done?
Mad Max: Yes. We’ve 60 top-class Porn Artist like Maitland Ward for instance. We are signing exclusivity contracts with all the top 20 PornHub stars for instance.
Q5 from Telegram user @Cryptoking_FMS Will you create a limited NFT for pokmi holders?
Mad Max: For sure! We are working on a huge collectible airdrop as we speak. Something crazy and very rare.
Q6 from Telegram user @cindy_crypto As similar projects naming the project like cum and rocket, why did you name yours as Pokmi?
Mad Max: Our brand carries a lot of universal values. We don’t want it to be related to porn or with a pun about porn or something. We are building this company for years to come. Strong branding is the first step. And this name is very well accepted from LA to Paris to Tokyo 🙂
Q7 from Telegram user @Nonerlike Many adult projects face laws and regulation challenges in different countries. How will you comply with all legal challenges and deal with all difficulties? Do you have a strong team to tackle??
Mad Max: By making our Poken Wallet the best in the class in porn content access. We want to be the standard. Period.
Q8 from Telegram user @Rakshhitx5 How can someone be a creator on a Rare Porn Platform? What are the requirements? Can a new person with no experience also join the platform as a creator?
Mad Max: Everyone could be a creator. You just need to create an account and click on the “become a creator” button. Our Personal Agent team will be delighted to welcome you 🙂
Q9 from Telegram user @BALKAMANUAI Are you planning to promote your project in countries/regions where English is not good? Do you have a local community for them to better understand your project?☑️😇
Mad Max: Our project is getting localized by region from a taste standpoint.
Japanese people don’t enjoy porn like our US fellows for instance.
We will create social media account for most languages our fans and users speak.
Q10 from Telegram user @K2ice Is it possible I invite you for an AMA on a Nigerian porn enthusiast group where we have more than 10000 users?
Mad Max: It would be a great honor. Africa is the second continent in our analytics from a number of views standpoint.
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 Decredit and our guests was
@Bkdecredit. The AMA took place on 20 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
BK:
Hello, guys
Mary
| Satoshi Club: Hello
Satoshi Club! We are happy to announce our AMA session with Decredit!
Welcome to Satoshi Club😀
BK:
Hi, guys nice to see you~ my name is BK,
I’m responsible for all marketing operations of Decredit.
D.
| Satoshi Club: awesome!
😊 welcome to Satoshi club! 🙃
Mary
| Satoshi Club: BK, we are happy to e-meet you 👍
Let’s start our AMA 🚀
BK:
of course. let’s get it start!
Mary
| Satoshi Club: And
we will start it with intro😀
D.
| Satoshi Club: please tell us a bit about yourself and
project you represent 😊
BK:
DeCredit is committed to leading the DeFi protocol 2.0 market. DeCredit extends
the crypto-collateralised lending model with a credit-based lending model,
aiming to introduce off-chain credit ratings to the DeCredit platform using
credit authentication nodes and Oracle machines to provide differentiated
lending limits and interest rates based on on-chain and off-chain credit
assessments, bringing more lending markets into the market.
Mary
| Satoshi Club: We would also like to know the main
goals of Decredit project and problems which you aim to solve😀
BK:
Sure. We hope to reduce pledges in Defi by introducing credit models. And we
have opened the credit related module in the test network.
Done
D.
| Satoshi Club: sounds interesting, can you share more
info about your team? who’s working at the project?
Mary
| Satoshi Club: Is your model absolutely new? Or you
borrowed it somewhere and improve 😀
BK:
Our team has rich experience in Blockchain and Crypto industry. Team members
are from well-known blockchain teams and medias. Core dev has more than 15
years software and blockchain development experience. BD director is from a
mainstream blockchain media.
D.
| Satoshi Club: 👍 team is not public? you all
prefer to stay anonymous?
BK:
Our model was developed by ourselves. Because we have many years of experience
in the traditional finance industry and the credit industry, we introduced the
traditional credit model to the Defi area.
Mary
| Satoshi Club: Awesome 😀
BK:
Some of our core strategic partners and key investors know our core team
members. It should be said that the identities of team members are not
completely anonymous.
Mary
| Satoshi Club: Thank you BK for great intro! It seems
it’s time to dive deeper into the details of Decredit project with the
questions from our community 😀
Do you want to add
something or we can start?🚀
BK:
Thank you teams! For sure, let’s take the questions from the community!
Q1 from Telegram user
@igervacio
In
one of your most recent releases an R-IDO with DuckDAO is planned, I don’t know
much about DuckDAO and it makes me curious that it is not a simple IDO but an
R-IDO, I don’t know if I’m the one who is not very informed about it
terminology, what does D-Credit refer to by launching an R-IDO? Does this contain
any additional services compared to a conventional IDO? Why did your platform
choose DuckDAO to perform an R-IDO?
BK:
Actually, we hold IDO on DuckSTARTER platform. Let me first explain the
difference between DuckDAO and DuckSTARTER.
Mary
| Satoshi Club: Sure 😃
BK:
DuckDAO is a decentralized incubator that helps promising projects achieve
their full potential by leveraging the investment power and buzz making
potential of DuckDAO’s community.
DuckSTARTER is
DuckDAO’s public token launchpad, a service platform for blockchain projects.
It will act as the
final bridge between early-stage projects and the community before the project
goes fully public.
BK:
R-IDO means refundable IDO. It is the latest DuckDAO innovation, a new
risk-free way for the active IDO investors to gain temporary exposure to a new
asset and observe its performance on the market while being able to get their
capital investment back within the first 24 hours of the token’s public DEX
listing.
Refundable IDOs make
the refund option available for the first 24 hours instantly via the smart
contract, no questions asked.
BK:
DeCredit chose to cooperate with DuckSTARTER on R-IDO for two reasons.
First of all,
DuckSTARTER is one of the top 5 IDO platforms in the world, with a great
reputation and user base. Working with them also proves that DeCredit is a
program of real strength.
Secondly, we value
early investors and we are also very confident in our projects. The strong
community user consensus and core technical team makes us confident that we
will perform well after Listing. Thers is nothing to be worried.
Our whitelist campaign
has begun. IDO will be available on September 22.
Mary
| Satoshi Club: Very soon! Satoshiclubbers, you have
good chances to participate 😃
D.
| Satoshi Club: yeah, DuckSTARTER has a solid
reputation 👌
Mary
| Satoshi Club: We wish you success with upcoming R-IDO
🚀🚀🚀
Q2 from Telegram User
@cleotilde1
I
have seen that many platforms have put a huge effort into establishing the
tesnet, you announced that you would launch your tesnet for mobile devices, not
all of us know how to perform these installation steps correctly, What steps
should a common user take to implement the tesnet in a mobile device and what
benefits will this launch bring for the development of your DeCredit ecosystem?
BK:
Many users in our community are also new to Defi applications. To help these
users, we have prepared very detailed text and video tutorials. Through these
tutorials, anyone can learn to use our testnet.
If users have any
questions in the process of using testnet, Please join our tg group, there are
administrators in the community will answer the relevant questions.
Mary
| Satoshi Club: Everyone can participate in thus
Testnet? Are there any restrictions?
BK:
The launch of testnet will bring more vitality to our community. With the
continuous improvement of our products, our ecological development will be
stronger.
D.
| Satoshi Club: if you testing your network on mobile
devices that’s mean your app behind the corner😉
BK:
Everyone can participate in the testnet activities, there are no restrictions.
We care about every user’s experience and feedback.
Mary
| Satoshi Club: Great 👏
Thank you for your
answers! Ready to go to the next question?🚀
BK:
Woo. Let’s see! Be patient, everyone.
yes, please
Q3 from Telegram
user @bigboicity12
Learning
about the project, I saw that DeCredit will provide a decentralized multi-asset
storage pool called Mpool. What major currencies will be supported when Mpool
is launched and how will users deposit assets into it? How will Mpool’s lending
and risk management process be directed or managed? Smart contracts are prone
to errors and even recently three major DeFi projects have fallen victim to
this, costing users money. What is the main reason that makes Mpool really safe
for users? What will you offer to Mpool people to earn their trust and how will
that set you apart from other projects?
BK:
We currently support 5 crypto assets: BNB, USDT, ETH, BTCB and BUSD. Of course
we will support more crypto currencies in the near future.
Users can directly
experience the testnet learn more details.
In terms of risk
management, our core team has many years of experience in finance and lending,
with key members from the world’s leading financial groups. So DeCredit has its
own risk control model, core algorithm, and we bring experience from traditional
financial banks into the crypto asset world.
D.
| Satoshi Club: btw
what was the motivation to choose BSC as your main network?
BK:
Last but not least, We have already passed the audit on knownsec, and our
technical director have wealth experience on code as we will keep developing
our product , so please don’t worry, the version you will used decredit landing
is passing audit.
BSC is a reliable
network system, and we have a very good communication channel with it, and hope
to start further cooperation in the near future.
Done
Mary
| Satoshi Club: Yes, that’s interesting question 😃
and i want to know if BSC will be the only one blockchain which you will
support?
BK:
We
are actively engaged in various aspects of communication. In the near future we
will deploy on other blockchains and bring better experience to users.
Q4 from Telegram
user @mm_carlos
We
all know that NFTs are a popular product nowadays and you were recently working
on a product called “NFT module”, there is not much more information about this
module, what will be the function of this module to generate income for
DeCredit in the NFT market ? In what phase of development is this module and
what associations have you considered essential to obtain popularity in the NFT
market?
D.
| Satoshi Club: NFTs !
BK:
Our NFT module is in the preliminary development stage. For the smooth
development of this module, we brought in the industry’s leading NFT experts to
help us. Currently, please allow us to remain a little mysterious. At this
stage, we won’t sharing details. For sure, the module’s design is an
unprecedented innovation that will usher in a new era in the field, so stay
tuned to our social media for updates.
Mary
| Satoshi Club: I see you prepared a lot of surprises
for your users😃
They will never be
bored
Satoshiclubbers, follow
@DeCreditenglish for more updates👍
Q5 from Telegram user
@victorogb
The
platform token of DeCredit, CDTC is said to function as a governace token
giving certain rights and privileges to holders. Can you let us in on some of
the privileges and governance rights available to CDTC token holders, and will
DeCredit adopt a weighted system (number of individual tokens held) in applying
these governance rights? Also as the total token supply would be 300 million
CDTC, with 5% and 12% allocated for airdrop and Community treasuries, can you
talk on your planned airdrop events and how will this allocation cover it, and
since Community allocations also covers marketing and governance activities,
how is it periodically released?
Mary
| Satoshi Club: Oh, sweet word airdrop 😃
BK:
The
governance mechanisms in the CDTC protocol stem from the interplay of community
participation, incentives, self-regulation and policy management, all of which
are adapted to suit the needs of the market and to survive with it. Therefore,
we emphasise community participation and the fact that every major decision is
made through shared community governance such as voting.
Governance rights of
holding CDTC include:
Voting on major
matters, including the Credit Loan project
Addition of new
cryptocurrencies or stablecoins
Adjusting variable
interest rates
Setting fixed interest
rates
Oracle services
Product rule
improvements
Rating score rule
changes
Rating level
adjustments
Improvements/suggestions
Please check out our
white paper for more information
D.
| Satoshi Club: nice! what a motivation to participate
in testnet now, right Satoshi club? 😉 you can get a tokens as a reward
take this chance
everyone 😊
Mary
| Satoshi Club: how many tokens should user have to
participate in governance?
BK:
Our team wants to get more community members involved in governance, but it
also depends on what happens when the mainnet goes live.
D.
| Satoshi Club: then let’s wait and see 😉
Mary
| Satoshi Club: Gotcha 😃
Q6 from Telegram user
@Asela1112
In
first half of 2022, DeCredit will launch a decentralized oracle in the aim of
building a privacy solution & run DeCredit scoring algorithm in a trustable
environment. Can you give us a sneak peak about the decentralized oracle? Will
it helps to relay information of DeCredit functionalities from off chain
sources to on chain network securely? Before you integrate this feature in to
DeCredit ecosystem, Will you test it’s condition or will you make a audit for
this?
BK:
Yes, with Oracle, we bring real-world credits to the chain.We are a credit loan
company with 200k+ user base.
DeCredit will combine
its credit experience and AI algorithm to blockchain and Defi ecosystem. We
will provide user’s credit score to Defi smart contract thru an Oracle, lower
the TVL and thus enhance users’ fund utilization and liqudity.
In fact, we have been
doing relevant research in the traditional financial credit field for many
years and have reliable models and experience. Now users can experience our
credit module through the test network.
We will launch Oracle
modules in the future after fully testing and auditing.
Mary
| Satoshi Club: Can you explain who and how can get
Decredit credit score ? In simple words 😃
BK:
Sure
On our testnet, users
can click the Credit button after pledging CDTC. Then answer a series of
questions on the page, fill in the relevant information and submit. Our credit
algorithm will give the user credit rating, according to the different rating
users will be able to obtain more credit lines.
Part
2 — live questions from the Telegram community
Q1 from telegram username @Xusuo
DeCredit looks really solid and great project, so i
want to know more about the presale and publicsale from DeCredit, how can i
participate ?
BK:
Our IDO whitelist is in progress, and I believe that users who participate now
still have the opportunity to obtain our CDTC. Please check out the following
link to participate:
Does DeCredit has regional community at the moments?
Or does it still global community? Do you plan to expand and put ambassadors in
each prospective countries?
BK:
We currently support The English community, and in the near future, we will
open Korean, Chinese, Indonesian and other communities.
We are also working on
our global Ambassador program, which will soon be open for global ambassador
recruitment. Please follow our social media to participate.
What is the ultimate goal of the DeCredit project?
Is the target audience corporations or personal investors? I read that you are
targeting China, Japan, Korea, USA. Not a global project?
BK:
Our ultimate goal is to apply the credit model globally, which means that on a
global scale, users can get loans without having to pledge any assets.
In the process of
launching the project, we also met partners from various fields, including
Litentry, Labs and Crust, the reason they were eager to work with us is that
credit is not just Defi.
The Defi market in Asia
is very vibrant, but we want to focus on the world.
Q4 from telegram username @MdLuffyo
How will your platform reconcile the real estate
industry with the use of NFT for RWA? How do LendCo and trusted groups work
with each other, can you give information about the system?
BK:
As the DeCredit protocol evolves and more collateral enters the DeCredit
deposit portfolio, we will introduce RWA, “real world assets”
(specifically, credit quality backed collateral) designed to override DeFi
investments in traditional assets.
DeCredit introduced NFT
to this real estate RWA. Trusted Group is a Trusted organization with real
estate management and financing credit resources, such as real estate credit
companies and real estate finance companies. DeCredit provides stable pools to
work with these Trusted groups.
Trusted Group mints its
housing assets to NFT and deposits them in DeCredit’s pledge pool.
Q5 from telegram username @taemin_vj
What would be Decredit main goal for 2022? What is
the best thing you have achieved so far?
And on a personal matter, what does Decredit want to achieve in the
Crypto ecosystem and what are you doing to make it?
BK:
1 st Half 2022
We will build up a
privacy solution and run DeCredit Scoring algorithm in a trustable environment.
We will build up a
distributed storage solution.
We will build our
decentralized credit oracle with node and oracle aggregators.
2 nd Half 2022
We will offer each of
our user a distributed ID and count his on-chain credit data into DeCredit
Oracle1 s rating as well.
Q6 from telegram username @Tehokjambe
From some of the problems I found in other projects,
a lot of delays in transactions. So, how about your project? Will users be more
satisfied with your transaction system and there will be no delays in
transactions?
BK:
So far, we have received no complaints from users about delays. This is also
due to the strong technical support of our R&D team, and our world-leading
technical capabilities.
Q7 from telegram username @Karry1999
In your Website I found that Decredit is partnered
with LABS group , Can you tell us why you choose for partnership with LABS as
it is real state investment firm , How does this partership benifits both the
firm ?
BK:
LABS Group is the world’s first end-to-end blockchain-driven real estate
investment ecosystem
They want everyone to
be able to invest in real estate
To do so, they need to
address several core pain points of real estate investment, namely insufficient
liquidity, high participation costs and difficulty in cross-border investment.
Because they want to be
able to allow users to pledge their real estate tokens and then borrow from
them
So that users can
reinvest and leverage
Therefore, the mortgage
platform is the best solution to the financial leverage of real estate assets.
So, with this need, we entered into a partnership.
Q8 from telegram username @Rinhere
Will I have the Powers to govern the Decredit
system?
Please talk about your Governance?
BK:
Our credit score uses different algorithmic models depending on the country in
which the user lives. Users who score will enjoy a higher credit limit on our
platform. As we work with other projects, this will eventually allow users to
earn multiple privileges in the crypto world on their own credit.
Q9 from telegram username @Sarika_4088
✨Recently, your project had so many collaboration .🤝
can you name some of them and what does these cooperation affect your protocol
?
BK:
Yes, so far we have officially announced partnerships with Litentry, Crust,
Labs and Weblock.
For example: We will
partner with Litentry, a decentralized identity aggregator that connects user
identities across multiple networks to leverage the potential of decentralized
credit in loan transformation.
Here’s our link to the
official Litentry announcement:
Welcome to another episode of our AMA series.
Today we are glad to tell you about the AMA session with our friends from PolyDeFi, a transparent next
generation tiered IFO launchpad running on the Polygon chain. The AMA took place on September 20 and our
guest was Prof. POLY, CEO and founder of POLYDeFi.
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 PolyDefi, today our guest is @prof_poly.
Prof. POLY: Hello
everybody Nice to meet y’all and thanks for having me over.
Gold Rocket | Satoshi
Club: Let’s start! Introduce yourself please. How did you get to be
involved in crypto & PolyDefi?
Prof. POLY: Will
do! My name is Prof. POLY and I am the CEO and founder of POLYDeFi. In real
life I set up multiple successful businesses in the; sports branches, clothing branches
and in the marketing branches. After realizing I actually didn’t enjoy working
for any of these businesses, I went looking for something else. In the
beginning of 2017 I noticed crypto and I immediately saw the great potential
that it had.
My first bull run
exceeded all my expectations and I invested in ICO after ICO. Life was good
until the Bull market ended, I started to lose money and I didn’t have any more
money to invest with. I thought I might try to get myself into a crypto project
team to get myself some more investment money. During the bear market I worked
on a couple of projects, from which I learned a lot in matters of advertising
crypto projects and managing communities.
When the bull market
came back in 2020, I went looking for new projects to work on. With the
previous gained experience, it was easy to get on new project teams. I ended up
working on multiple Launchpad projects and some yieldfarming projects. I loved
every second of working on these launchpad projects but I noticed there were
some flaws within the system they all used.
I left the launchpad projects, thinking that I could do it
way better than they did. I reached out to some of my contacts and asked them
if they would like to work on their own launchpad project. They said yes and so
POLYDeFi was born. POLYDeFi will succeed because of the experience that the
core team has.
As CEO I will guide
everybody in the right directions, do marketing, set up partnerships and guide
IFO projects in their first steps into the DEFI world.
Gold Rocket | Satoshi
Club: buddy, you have great experience to become a leader. Give us a brief
introduction to the project. What is the essence of PolyDefi?
Prof. POLY: I
sure as hell believe so too! POLYDeFi is destined for great things.
Andrés M | Satoshi
Club: I agree.
Prof. POLY: POLYDeFi
will be a transparent next generation tiered IFO launchpad running on the
Polygon chain. Initially POLYDeFi its native token $OCTAGON will be a
yieldfarming token, until the launchpad is fully developed. In the time between
our own launch and launching IFO projects from our launchpad, we will have a
huge focus on building a community.
So what is an IFO
launchpad you say? Let me explain: IFO stands for Initial Fund Offering.
POLYDeFi is a project that strives to decentralize the way in which new
projects coming to the Polygon network raise funds.
Our Tiered IFO platform will help new cryptocurrency
projects to raise funds by letting investors lock their liquidity in our native
OCTAGON/USDC farm, the amount of LPs locked makes the investor eligible for one
of our 4 tierpools, a tierpool is based on a fixed purchase rate for tokens.
POLYDeFi its native token ($OCTAGON) holders can stake USDC
according to their tierpool and receive an allocation of the IFO. In this case,
a tierpool is nothing more than a contract that manages the accessibility to
other pools, so basically it is nothing more than a contract that manages access,
contribution and distribution of tokens.
With POLYDeFi, new DeFi projects will be able to raise funds
cheap and fast. $OCTAGON token holders will be able to participate in IFOs in
an upmost secure way on the Polygon network.
The ultimate goal for POLYDeFi is to become an all-in-one
DeFi platform. Our launchpad system will work in a different way than other launch
pads. While participating in a POLYDeFi IFO you are still generating Yield from
our notice farm. More can be found in our whitepaper: docs.polydefi.io
POLYDeFi will launch on the 28th of September.
Gold Rocket | Satoshi
Club: Also we would like to know more about your team. Who is on the
project team core?
Prof. POLY: So on
the team we also have:
-Pollock: our graphic designer who worked for big companies
such as: Gucci stone island and louis Vuitton.
-Michael: our marketing manager who has worked on 2 big BSC
projects as a marketing manager.
-davidev and Nico: these two coding legends are our devs.
They have been a team for a long time and worked on multiple ETH and polygon
projects together.
Andrés M | Satoshi
Club: Are you looking for new members?
Prof. POLY: Right
now we are not looking to add more people to the core team. We do need some
quality admins tho. Our plan is to scout talent after launch straight from our
group chat.
Q1 from Telegram User
@victorogb
Going through your
document, I observed that POLYDeFi will make strategic steps to it’s project
development, which will start off with your DeFi product launches and building
of your own launchpad. Can you extensively talk on these plans, especially as
it concerns your launchpad, what kind of projects will you look to work with
and offer your launchpad services to, and when can we expect full
implementations of these services? Also, there are plans by POLYDeFi to build
an NFT marketplace and launch its first NFT collection. Can you kindly provide
details on this?
Prof. POLY: Very
good question!
Our launchpad will be fully developed within 1/1.5 months.
If we feel like the POLYDeFi community is strong enough to start handling launches,
then we go full force ahead. Not just any IFO project will be eligible for a
launch at POLYDeFi. Only projects with a good use case, loads of utilities
and/or project that have their main platform as good as ready will be eligible.
Regarding the NFT marketplace: it will come together with
our first batch of NFTs starring our Mascot OCTAGON. The NFTs will each have
its own rarity. We might even create a launchpad tier pool for NFT holders.
Andrés M | Satoshi
Club: Do you have talks with any project at the moment? What are your most
important partnerships?
Prof. POLY: So
far we haven’t been looking into new projects that want to launch.
We are in talks for 3 partnerships right now to back us up
before launch. One of those partners is a big big dex and they might forward
their applicants straight to POLYDeFi.
Andrés M | Satoshi
Club: What are the main usecases of $OCTAGON?
Prof. POLY: The
main usecases for $OCTAGON will be:
– yieldfarming in its MVP.
– it will give you access to quality IFO projects while
still earning yield.
– it will grant you access to our full casino (live table
games, third party slots and more) which might be implemented within the first
week after launch.
These usecases are just a few out of a big list. We will
make sure there will be more and more usecases and utility for $OCTAGON.
Q2 from Telegram User
@Pavel_Jarosh
PolyDefi Octagon
whitelist presale has been taken on September the 3rd, 2021 with the initial
price of 0.01 USD per token. Please share how did it pass, had it overcome your
expectations in regards of the amount raised and what are the next plans for
public sale?
Prof. POLY: So at
the time of the whitelist we were still pretty small so I didn’t expect to fill
the full whitelist already. At first the whitelist progressed really slow but
when America woke up it went very fast. We were so happy with the whitelist
completion.
Right now we are getting everything in place for our launch
with the Koalas on the 28th of September. POLYDeFi will announce 2 more quality
partners before launch for extra backup.
Andrés M | Satoshi
Club: Why did you choose that initial price?
Prof. POLY: I
wanted to keep the marketcap low so that the token could really fly at listing.
Q3 from Telegram User
@Billz120
Your Tiered Launched
PolyDefi has a total of 4 tiers, each one with its own tier size. Could you
please explain to us what it simply means by tier size? What amount of LP Token
would will each tier need to qualify?
Prof. POLY: So we
will have 4 tiers at POLYDeFi:
Level 1: bronze tier
Level 2: silver tier
Level 3: gold tier
Level 4: platinum tier
If an investor qualifies for the bronze tier he will be able
to grab less allocation than an investor that qualifies for the platinum tier. The
higher the tier, the more LP tokens will be required to be locked. Unfortunately,
we can’t announce the required amount to lock yet, because we need a stable
token price in order to decide this. So we will announce this closer to launch.
Andrés M | Satoshi
Club: About staking, have you established the APY?
Prof. POLY: Not
yet, this is something that we will monitor when we have launched. We don’t
want insane APYs because our main focus is launching projects. But we don’t
want a low APY too because we need to be attractive. So expect a decent APY
while you are benefiting from the launches as well.
Q4 from Telegram User
@JesusFre1tes
I read that $OCTAGON
token holders will be able to participate in IFOs in the most secure way on the
Polygon network. Besides this advantage, what are the other benefits that
$OCTAGON holders will get for being POLYDeFi holders? They offer security, but
such holders will also have VIP and exclusive access to all IFOs that take
place within POLYDeFi? What can you tell us about this? Thank you!
Prof. POLY: We
thought about giving vip access to launches but then we need to have IFOs that
are free for all to invest as well and we didn’t like that idea.
POLYDeFi aims to become an all-in-one platform. we will have
a casino in which you can play with octagon tokens. We are not talking some
games like lottery or money wheel, we are talking live table games like
blackjack, third party slots and more.
Also only $OCTAGON holders will be able to use our NFT
marketplace which will come later down the road. Also all the other launchpads
require the tokens to be either in your wallet for a snapshot system or require
you to stake tokens into a tier where you don’t earn any benefits.
At POLYDeFi you will be able to participate in IFOs AND keep
earning yield.
Gold Rocket | Satoshi
Club: By the way, why did you choose Polygon?
Prof. POLY: Because
we are initially operating from the polygon chain. Also POLY means: “a lot” in Greek
and that is exactly what we want for POLYDeFi to do.
Q5 from Telegram User
@DK177
62% from the total supply
of $OCTAGON has been allocated for the initial circulating supply. Breakdown of
this portion is 23% for liquidity, 5% for whitelist and 34% for private sale.
Can everyone participate in your private sale? If yes, please explain the
procedure. If no, what is the option for the community to buy $OCTAGON? Don’t
you conduct a public sale? If no, what is the reason behind that decision?
Conversely, will the token be listed on a CEX or a DEX bypassing the public
sale?
Prof. POLY: Alright
this is a tough question because I don’t know all the answers yet.
We are launching with Koala on the 28th of September and we
will add liquidity on the 29th of September at 9AM UTC. The exact IKO process
from koala will be announced within 2/3 days.
The liquidity will be added on a major known dex. I got confirmation of that listing partner just now.
Andrés M | Satoshi
Club: Btw, what is the max supply of the token?
Prof. POLY: $OCTAGON
has a max supply of 30M tokens across all chains that we integrate in with.
Andrés M | Satoshi
Club: Which were the results of the audit?
Prof. POLY: So
our token audit results just came back yesterday from Techrate and they were
100% perfect. We are still awaiting the farm audit from techrate. Straight
after launch we will apply for a paladin audit as well.
Q6 from Telegram User
@Jamesxmen
When I read the
utilities of OCTAGON token, it has reported about Manual burn mechanism on
special events & when needed in PolyDeFi Whitepaper. Could you elaborate
more informative facts on Manual burnings mechanism? When will be a special
event appears in PolyDeFi project So that to be happened a manual burn? How
much amount of tokens do you intend roughly to convey towards the manual burns
in future? What will you do if the PolyDeFi community disagree on Manual burns?
Prof. POLY: So
like you can see in the tokenomics the project won’t have a lot of tokens.
For an all-in-one defi platform you need a fair amount of
tokens to be circulating.
We are not planning on burning a lot of tokens. When we feel
the community really needs something special we. Will do an occasional burn.
Andrés M | Satoshi
Club: So, talking about important events for the project, could you share
your roadmap with us?
The
POLYDeFi tiered IFO platform will help new cryptocurrency projects with raising
funds to kickstart their projects, how will be these fund raising events, and
how can projects apply to be part of them? Can anyone be part of POLYDeFi and
use its raising funds?
Prof. POLY: Projects
can apply to a google form on our website. We will do strict due diligence and
not just any project will be eligible for a launch at POLYDeFi.
Only $OCTAGON holders can participate in the launches. They
are also the ones raising the funds.
Q8 from
Telegram user @captainprice111
Is
Polydefi just a for-profit platform like other launchers, or do you have plans
to help and support projects? If yes, can you tell us how polydefi will help
new IFO projects?
Prof. POLY: We
will have an incubator program and we will truly help all our IFO projects. A
lot of launchpad make this promise but forget to live up to that promise.
POLYDeFi will guide every one of its launches in its first steps into DeFi.
Q9 from
Telegram user @Akira236
As You Are
Launching On 28th September, is any partnership planned before the Pre-launch
or we will see the partners after the Launch only?
Prof. POLY: We
will have 3 partnerships established before launch.
1 was just announced: Koala DeFi.
2 more are lined up.
Q10 from
Telegram user @csgonub
How many
OCTAGON tokens do I need to join launchpads you are starting for funds raising?
Prof. POLY: Unfortunately,
we can’t announce this yet because we will set the number just before an IFO.
We need price stabilization for deciding these numbers and price stabilization
will take some time.
I just recommend to scoop up as much as you can.
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi
Club Team asked the chat 4 questions about PolyDeFi. A link to a Quiz form was
sent into the chat. Participants had 10 minutes to answer. 300$ were
distributed between the winners.
For more information and future AMAs, join our Social Media
channels:
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. Revest Spanish Team will select 5 questions and answer them.
Questions must be done in English and Spanish.
For more details: Revest Spanish – @revestfinance Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
