Month: September 2021

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from PolkaBridge and our guests were @cyclese_polkabridge – representatives of PolkaBridge. The AMA took place on the 10th 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 PolkaBridge! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club:
Hello again, dear Satoshi Club community! Today our PolkaBridge guest is @cyclese_polkabridge

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Hello!

Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, @cyclese_polkabridge Nice to e-meet you again at Satoshi Club ❤️

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Nice to meet you guys.

Gold Rocket | Satoshi Club:
How are you doing😁

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
I’m Cyclese – CEO & Co-Founder of PolkaBridge

I’m very happy today.

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

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Sure things.

Gold Rocket | Satoshi Club:
Let’s start!

How did you get to be involved in crypto & PolkaBridge?

You already visited us in January, but remind us a little about yourself and about project😊

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
I joined the crypto market in 2016 as an investor

Sure. on that time, our project has just finished IDO

Gold Rocket | Satoshi Club:
This is a big milestone 😊

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
After more than 8 months of construction and development, we have had remarkable achievements.

Mary | Satoshi Club:
What had changed since January?😀 Tell us more

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Today I return to the community to share what PolkaBridge has done and what we will do in the future.

These are the achievements that we have built

Gold Rocket | Satoshi Club:
We are honored to know about this👍

You guys did a good job 👏

Thanks for a great introduction, we will have several questions selected for Part 1. Ready to start?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Thank you ❤️

Yes ready now.

Q1 from Telegram User @JaviSuBs™
Greetings PolkaBridge, I want to start on your platform, but I do not have $ PBR token, where can I get them at the moment and what is their value? What is my benefit within PolkaBridge to have PBR token, can I pay commission fees with PBR token? I have the opportunity to participate in IDO projects, just by having the token? You can explain more about the functionality of the token and how to use it correctly.

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
That’s a great question.

Benefits when you hold PBR

1. Join launchpad
2. Potential to increase price
3. Join governance
4. Stake and farm $PBR, earn more $PBR

We are a Defi Hub, it is the hub of Defi applications, this is essential for crypto users.

Mary | Satoshi Club:
And all these features are live now?)

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Our launchpad will include 2 rounds: 1st round for users who have participated in PBR staking and 2nd round for the public community (if 1st round is not sold out)

Yes

Mary | Satoshi Club:
Awesome 👍

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):

1. You can stake PBR at https://stake.polkabridge.org/
2. Farming at https://farm.polkabridge.org/
3. Join IDO at https://launchpad.polkabridge.org/

Currently, PBR is available on both Ethereum and Polygon platforms.

https://app.uniswap.org/#/swap?outputCurrency=0x298d492e8c1d909d3f63bc4a36c66c64acb3d695&use=V2
https://quickswap.exchange/#/swap?outputCurrency=0x0d6ae2a429df13e44a07cd2969e085e4833f64a0

Mary | Satoshi Club:
How things are going with farming and staking?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
TVL on farming and staking platform, reached over 4M$

Mary | Satoshi Club:
Wow, great numbers 👏

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
We are currently running staking pools for projects on BSC, Ethereum and Polygon.

Gold Rocket | Satoshi Club:
Wow! Amazing!

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
The total number of users participating is up to more than 3000

Gold Rocket | Satoshi Club:
Your results are incredible👏👏

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):

Gold Rocket | Satoshi Club:
Thanks for your answers!

Mary | Satoshi Club:
Congratulations 🎊🎊🎊

Gold Rocket | Satoshi Club:
Do you want to add something?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
In addition, we also have a monthly token burn and deflation mechanism burning.

We will burn 1M PBR per month.

Gold Rocket | Satoshi Club:
Can you tell us more about this?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):

The next burn will be next week.

We will burn until the total supply is 50M.

Mary | Satoshi Club:
Oh, that’s a nice event😉

Thank you for your answers! Ready to proceed?🚀

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Go ahead.

Gold Rocket | Satoshi Club:
Thanks for your answers and clarification😊

Q2 from Telegram User @Ajpaa
PolkaBridge is said to provide an insurance fund for it’s users as a way of ensuring the security of their investment through A reserve fund for compensation if any loss occurs. How will this be implemented and who will be eligible for this reserve fund compensation? Is there a % of loss this reserve fund will be able to cover? What other security measures is PolkaBridge putting in place to ensure the security and safety of your users fund and the ecosystem generally?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Unlike other Defi platforms, we always have a reserve fund to compensate users when something goes wrong such as hacking, scam IDO projects…
The most recent time in May, we compensated players for participating in a scam IDO project, with a total reward of up to 100k$.

Compensation through PBR or USDT.

Mary | Satoshi Club:
What is the total sum in your reserve fund?

Currently?😀

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Up to now, our Dapps have not been hacked, so there is no compensation for this case.

2M PBR & 500k$ USDT

In addition, our contracts have been audited by Certik, so there are no problems
https://certik.org/projects/polkabridge

Mary | Satoshi Club:
Wow👍 do you plan to increase it or its maximum?

Gold Rocket | Satoshi Club:
Safety first 👌

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Of course, it will increase. It will be deducted from the Ecosystem fund and a part of the project’s revenue.

The project’s revenue comes from token sales, IDO fees, and soon transaction fees on AMM.

Mary | Satoshi Club:
Fantastic! Your users are safe🔥

Gold Rocket | Satoshi Club:
Thanks for your answers

Ready to proceed to the next question?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Sure,

Let’s go 🔥

Q3 from Telegram User @Asela1112
You built a bond with PolkaWar & CORGIB platforms Which is more popular for NFTs. So I want to know, Will you integrate NFTs in to PolkaBridge ecosystem with the help of PolkaWar & CORGIB platforms? If yes, What kind of NFTs, Will you offer to the $PBR Community? Will you & your team Create NFTs by yourself or Will you allow the Community artists also to involve in NFTs creating works? What kind of real world benefits, Will Your NFTs have? How about the NFT evaluation process, Will CORGIB & PolkaWar platforms support you in evaluation process? Will your NFTs be available on PolkaWar & CORGIB NFT marketplaces in future?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
GOOD QUESTION ❤️

PolkaBridge’s ecosystem currently includes:

1. PolkaBridge – Multichain & CrossChain Defi application platform
   2 .PolkaWar – NFT Gaming platform
2. CORGIB – meme token and NFT marketplace platform

Currently, PolkaWar and CORGIB are still in the process of building and developing. Once mainnet live, we will integrate PBR to increase the diversity of PBR tokens.
Example:
PBR will be integrated in PolkaWar. Game players need to hold PBR and PWAR to participate in the match. PBR will also be used to reward players.
You can learn more about the PolkaWar project here https://polkawar.com

Mary | Satoshi Club:
Yes, that’s a great project!

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
For the CORGIB project, we will develop the NFT Marketplace, where users can buy and sell NFT items created by them.
You can learn more about the CORGIB project here https://corgib.polkabridge.org/

Gold Rocket | Satoshi Club:
You are in absolute crypto gaming trend 😁

Mary | Satoshi Club:
When you plan this Marketplace to go live?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
PolkaBridge’s ecosystem is very diverse, in many fields. Projects will support each other to develop together. Of course, PolkaBridge is the center of development.

Mary | Satoshi Club:
🔥

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Originally planned for September, but due to so much development for PolkaBridge and PolkaWar, we are rescheduled to October

Mary | Satoshi Club:
But it’s almost here 😃

Thank you for your detailed answers!

Gold Rocket | Satoshi Club:
Thanks for your great answers.

Mary | Satoshi Club:
Ready to jump to the next question?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Sure.

Q4 from Telegram User @yellowchamp
On your roadmap Q4 2021, you plan to migrate $PBR to MoonBeam parachain and you will integrate PolkaDot into PolkaBridge DEFI application AMM, Staking, Farming, LaunchPad. So, why do you decide to migrate $PBR to MoonBeam? What are the advantages of MoonBeam? Can you tell us an advanced idea more about the migration of $PBR to MoonBeam? As you will integrate PolkaDot into PolkaBridge DEFI application AMM, Staking, Farming, LaunchPad, what do you think will be the outcome upon bridging to Polkadot? Why do you need to integrate Polkadot and not launch your own Staking, Farming, LaunchPad in your platform? Could you explain more the mechanism of Staking, Farming, LaunchPad upon integrating to Polkadot? Thank you

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Moonbeam is a smart contract platform on Polkadot, it allows us to develop Defi applications on Ethereum on Polkadot. We decided to use MoonBeam and not through a parachain auction, because we developed smart contracts on Ethereum, using Solidity language. So when we integrate Moonbeam, it will be very easy, there won’t be much technical change.

Therefore, through the Moonbeam parachain, PolkaBridge will be able to interact with PolkaDot, thereby integrating PolkaDot into PolkaBridge’s existing Staking, Farming, Launchpad, AMM platforms.

Gold Rocket | Satoshi Club:
It makes sense.

Mary | Satoshi Club:
For those who are not familiar with Polkadot ecosystem can you explain which choice did you have and why you choose Moonbeam? Or there was no choice?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
And with Moonbeam, you just need to use Metamask wallet (or Trustwallet) to interact with PolkaBirdge, no need to use PolkaDot’s own wallet .
It will bring convenience to users, especially those who are familiar with Metamask

Gold Rocket | Satoshi Club:
Really this is a convenient solution👏

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
For example, you have tokens on PolkaDot wallet, you can bridge to Ethereum and swap it in a very normal way.

Gold Rocket | Satoshi Club:
Thank you very much for the clarifications and answers!

Let’s proceed to the next question🚀

Mary | Satoshi Club:
This solve a lot of problems!🚀

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
What you need to do is add a new RPC on Metamask wallet called MoonBeam Network .
And then, transfer the bridge token from PolkaDot to the Metamask wallet. You can then swap on PolkaBridge’s Multichain AMM normally, like Uniswap…

Q5 from Telegram User @Jamesxmen
13th- 19th of September, PolkaBridge plans to release MultiChain AMM V1 (Support Swap ERC20 token) & MultiChain AMM V2 (Support Swap BEP20 token & Polygon Token) will release in the end of September. Can you tell us more details about this interesting Swap system? How will be the efficiency of those AMM versions? How will be the Swap fees on both AMM versions? Can Users exchange any kind of ERC20, BEP20 tokens through these Swaps? What are the main liquidity pools that you use to maintain adequate liquidity in these AMMs?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
This is how PolkaBridge AMM works.

Mary | Satoshi Club:
Which kind if tokens users can swap?😃

Gold Rocket | Satoshi Club:
And will there be an airdrop, I would like to add to the question 😁

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Multichain AMM, which means you only need to stand in one place and can interact with many different blockchains. You don’t need to use Uniswap, PancakeSwap anymore.
You just need to use PolkaBridge Multichain AMM, you can swap tokens on ERC20, BEP20, Polygon, Polkadot platforms in one place, just set up network on Metamask wallet (or Trustwallet…)

Mary | Satoshi Club:
Ahaha😂 this sweet word

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
And the transaction fee is 0.2% (cheaper than Uniswap 0.25% and Pancakeswap 0.3%).

Everything will be thoroughly audited before running, so it will be absolutely safe.

Mary | Satoshi Club:
Yes, transaction fees are very attractive 😃

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
We are planning to airdrop for top 100 users with a large monthly trading volume. Please wait for the specific announcement after AMM launches

In addition, we will use 20% transaction fee to buy back and burn PBR. That will increase the value of PBR in the long term

Mary | Satoshi Club:
Satoshiclubbers, check this😉

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
It can be said that you don’t need to use Uniswap or Pancakeswap anymore :))

Mary | Satoshi Club:
Ahaha, can’t wait to try 🔥🔥🔥

Gold Rocket | Satoshi Club:
Thanks for your answers.

Are you ready for the last question of this part?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
YES.

Q6 from Telegram User @Jonahapagu
Polkabridge has on its platform a Prediction Feature where users can Participate in predicting the market and receive rewards for being correct. how does this your predicting feature work, what are users predicting on or about, what is the requirement for participating in the prediction market, and what will be the rewards for users who get accurate predictions in PolkaBridge’s Predicting market..

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Prediction is our future product where players can predict the price of assets and tokens to make a profit.
We currently do not have a specific plan for this product.
Currently, we are focusing on perfecting Multichain AMM and following it CrossChain AMM.

Mary | Satoshi Club:
But I can predict that if you will create this it will be something special 😃

Part 2 — live questions from the Telegram community

Q1 from Telegram user @slla1112
What are PolkaBridge Project acceptance criteria? I read that your launchpad will be 2 turns. If the token runs out in the 1st round, will there be no sales to the public?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
We select quality projects, based on the following criteria:

1. Team doxxed
2. Have MVP or Beta
3. There are big backers behind
4. Have a strong community
5. Reasonable Tokenomics Design

From next IDO, our launchpad will include 2 rounds: 1st round for users who have participated in PBR staking and 2nd round for public community (if 1st round is not sold out). We don’t do whitelist rounds anymore.

Q2 from Telegram user @Gbasdfg
The total supply of $ PBR is 100,000,000. Do you believe that this large supply will have a negative impact on the token price? How will these tokens be distributed?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
We have a monthly token burn mechanism and a transaction token burn mechanism. So total supply will decrease gradually. In the next 2 years, Total supply will decrease to 50M (maximum)
About tokenomics, you can read more in whitepaper https://polkabridge.org/docs/whitepaper.pdf

Q3 from Telegram user @alberto_vzla
I liked that you said that players must have PBR and PWAR to participate in the game. PBR will also be used to reward players. What percentage of PBR is destined to incentivize or reward these players according to their participation?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
PBR will be integrated into the PolkaWar Gaming platform, to reward players.
Regarding allocation, will deduct a small part from PolkaBridge’s marketing fund. It won’t be much, mainly for the purpose of introducing and promoting the PolkaBridge brand.

Q4 from Telegram user @Pratze
Hello, I’m interested in PolkaBridge new stake system for $PBR on Polygon, what makes this new staking better than another stake? and how about the calculation of APY ? can you explain?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
We just launched staking on Polygon, the transaction fee is very low (about 0.1$). Every month, 200k PBR will be put into the staking pool as a reward for stackers.
You can read more here https://polkabridge.medium.com/polkabridge-integrates-with-polygon-full-stack-scaling-solution-stake-pbr-on-polygon-with-lower-c6bd6e0a7ea8

Q5 from Telegram user @habibi_ve
You mention that we can participate in IDO projects by holding $PBR. What is the minimum amount of $PBR I must have in order to participate in IDOs?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
If you want to join IDO, you must stake at least 3000 PBR.

Q6 from Telegram user @DK177
$PBR has been listed on some exchanges including uniswap and MXC. However, don’t you have a plan to list some major and popular exchanges such as Binance and Bittrex Global? Your current average price is 0.4$. However, it seems you had an ATH of 0.8$. Do you think that you can reach 1$ if you list on some major exchanges?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
As planned, we will list Top1 exchanges this month. Please wait for our announcement.

Q7 from Telegram user @Karry1999
What plans have you made for the Marketing and advertising for the Polkabridge project? What Strategy have you made to attract a large amount of investors and users?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
In terms of marketing, we will continue to connect with famous influencers, to introduce PolkaBridge to more investors.
And especially
We will be attending the Defi Summit (WNDS), which will be held in Dubai on September 23.

This is also a big marketing step.

Q8 from Telegram user @Xusuo
I hear that PolkaBridge just launch new development about Multichain Automated Market Maker (AMM) DEX, could you explain more detail about this feature? what chain that you support?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Multichain AMM, which means you only need to stand in one place, and can interact with many different blockchains. You don’t need to use Uniswap, PancakeSwap anymore.
You just need to use PolkaBridge Multichain AMM, you can swap tokens on ERC20, BEP20, Polygon, Polkadot platforms in one place, just setup network on Metamask wallet (or Trustwallet…)

The transaction fee is 0.2% (cheaper than Uniswap 0.25% and Pancakeswap 0.3%)

First, we will integrate Ethereum, BSC and Polygon. Later will integrate Polkadot, Solona

Q9 from Telegram user @Kabirkapoor9
What is deflationary farming? How we can get benefits out of it? How its different from normal farming?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First)
PolkaBridge Deflationary Farming is different from others projects.
Our rewards farming come from transaction fees. The more people transfer PBR tokens to each other, the more rewards for farmers will be, along with more PBR tokens burned. So that APY will depend on this operation.
This increases the value of the PBR token in the future when the supply is less and less.

You can join farming at https://farm.polkabridge.org

Q10 from Telegram user @MdLuffyo
Does your platform allow for different cross-chain swaps? Does PolkaBridge platform need any parachain slots? Why did PolkaBridge choose Polkadot, do you plan to integrate it into different networks in the future?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
We are not participating in Parachain auction but will develop on Moonbeam parachain.
Cross-chain Swap is one of PolkaBridge’s most important and prominent products. Currently, there are many different blockchain platforms, so Cross-chain will be the solution in the future.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of PolkaBridge. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru
Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners
PolkaBridge Telegram community: https://t.me/polkabridgegroup
Twitter: https://twitter.com/realpolkabridge
Website: https://polkabridge.org

We are pleased to announce our next AMA on September 23rd 2021 at 03:00 PM UTC Time: Satoshi Club x Sheesha

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Sheesha Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Sheesha Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Sheesha

For more details:
Sheesha Website – sheeshafinance.io
Sheesha Telegram – @Sheesha_Finance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on September 17th 2021 at 03:00 PM UTC Time: Satoshi Club x HeroVerse

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join HeroVerse Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. HeroVerse Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about HeroVerse

For more details:
HeroVerse Website – heroverse.io
HeroVerse Telegram – @Heroverse_NFT
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on September 12th 2021 at 03:00 PM UTC Time: Satoshi Club x Xan

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Xan Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Xan Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Xan

For more details:
Xan Website – xan.to
Xan Telegram – @XANOfficialGroup
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on September 12th 2021 at 01:00 PM UTC Time: Satoshi Club x LoudNFT

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join LoudNFT Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. LoudNFT Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about LoudNFT

For more details:
LoudNFT Website – loudnft.co
LoudNFT Telegram – @LoudMarket
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on September 11th, 2021 at 06:00 PM UTC Time: Satoshi Club Spanish x UltiArena Spanish

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

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

We will have the following structure:

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

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

Questions must be done in English and Spanish.

For more details:
UltiArena Spanish – @ultiarena
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on September 11th, 2021 at 11:00 AM UTC Time: Satoshi Club Russian x UltiArena Russian

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Russian Satoshi Club Telegram group
👉 Join UltiArena Russian Telegram group

We will have the following structure:

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

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

For more details:
UltiArena Russian – @kawaiiswap
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We were delighted to welcome our guest from FNDZ. The AMA took place on September 9th, 2021 and our guests were @HighRankingFNDZApe and @FNDZMOD .

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

Mary Satoshi Club: Hello  Satoshi Club! We are happy to announce our AMA session with FNDZ!  Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club: Hello, dear Satoshi Club community! Today our guests are @HighRankingFNDZApe and @FNDZMOD

Robin I FNDZ – Will never DM first: Hi There!

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

Valentino | FNDZ – will never DM first: Hello everyone!

Mary Satoshi Club: Welcome to Satoshi Club 👏

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

Mary Satoshi Club: How are you guys? Ready to rock today?🚀

Valentino | FNDZ – will never DM first: lets do it!

Robin I FNDZ – Will never DM first: For sure!

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

Tell us please about your position in  FNDZ  @HighRankingFNDZApe

and @FNDZMOD

Valentino | FNDZ – will never DM first: Yeh sure, so hey, Im Valentino, my background is a decade in crypto. From trading countless years, to helping structure ICO’s back in 2016, to building the first regulated crypto exchange and custodian in the NL, licensed by the dutch central bank. Now going into the defi landscape and building FNDZ – an accessible open ecosystem for everyone to join and copy traders of their friends/ family or from experienced traders.

Robin I FNDZ – Will never DM first: So, my name is Robin, I am the Founder of the TWR Investment Group, a private investment holding that owns several regulated companies in the centralized finance space. We are active with a team of 125 people spread over 7 physical office locations globally.  I am in finance for nearly a decade now, with my entry in the crypto industry being approximately 5 years ago. As I moved to the background as an advisor to the board for most of my companies, I am now working nearly full time as a core contributor in marketing and growth to the FNDZ project.

Mary Satoshi Club: Deep crypto experience 😄

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

Valentino | FNDZ – will never DM first: FNDZ is the first DeFi platform that makes copy trading accessible from a truly decentralized point of view. Through the FNDZ platform, you will be able to copy your favorite and best performing traders (or even your successful crypto friend) without ever having to monitor the markets yourself. All you need is a wallet and with 1 click of a button you can copy the trader you want.

Our aim is to become a fully fledgedDAO (decentralized autonomous organization) and that’s why the term “contributing” is perfect. We contribute to the initial development of the project, but it will be the community, or rather the owners of the $FNDZ token that will decide the future direction of the project. Currently about 30+ people contribute to the project with decades of experience in traditional finance, entrepreneurship, brokerage, and cryptocurrency trading. Our team’s talents are tailored to the task of developing the world’s easiest to use DeFI copy trading platform. After all, this is a platform for traders, made by experienced traders. We look forward to showing you our product, gathering feedback, and improving the platform.

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

Robin I FNDZ – Will never DM first: Before we move on; to hook in there, Essentially ,what we are doing here is taking a long proven business model out of the centralized finance space, with names like E-toro and Robinhood, and deploying it in the de-fi space. We noticed that the only players that were around in de-fi were massively missing a very important angle in their platforms, namely: Simplicity. We are not trying to reinvent the wheel here, we just decided that we wanted no centralization in a successful business model like this, so we designed the platform in a way that both experienced traders and people already involved in the industry can find their way into the platform, but at the same time keeping it extremely simple for new people to jump onboard. We have chosen for de-fi, as we have seen the massive growth of the industry and at the same time being aware about the regulatory burdens etc. that are currently being created in the centralized crypto industry.

Valentino | FNDZ – will never DM first: Our core team you can find on the website www.fndz.io  🙂

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

Valentino | FNDZ – will never DM first: shoot off!

Q1 from Telegram @ItsMelissa3

FNDZ offers a very useful and highly commented tool: copy trading. In copy trading, we literally copy the positions of a successful trader directly to our personal investment account. Will FNDZ implement a reputation system that allows us to better choose the trader to copy? Can we copy the positions of more than one trader simultaneously? Is there a maximum limit of positions that we can copy per day? And I have a question regarding the traders who share their positions with users. Do they receive any kind of incentive for each position that is copied by a user?

Valentino | FNDZ – will never DM first: We have an in -house algo that ranks and indexes the top performing trader vaults. Performance  is  not only PNL % but based on a set of parameters which include but are not limited to volume, depositor amount, amount of trades, profitability, time of creation, etc.  We are also thinking of adding a comment section per vault, so you can leave a comment and rate the vaults of your favorite traders. Which would be an additional measuring point to evaluate. The traders don’t share the position with users in that regard, the users contribute capital to the traders vault and the users automatically copy all trades that happen until funds are withdrawn. The incentive for the trader is that he receives extra performance and management fees on top of his already existing trading activity.  The management is due at the beginning and the performance fee is due at each crystallization period.

Mary Satoshi Club: What is the amount of fees traders will recieve? Do you have any numbers?

Valentino | FNDZ – will never DM first: yeah of course, its subject to the trader themselves. When they create vaults they can choose a maximum of 3% management and a maximum 30% perfromance, they can of course lower it if they want. For example, a trader could make a private vault only for his family and friends and ask for lower fees.

Mary Satoshi Club: Oh, it’s very comfortable!

Mary Satoshi Club: And, btw – is your platform fully live now?

Valentino | FNDZ – will never DM first: We will be going fully live end of october, we just finished the demo and are opening up for beta testing to our ambassadors soon.

Mary Satoshi Club: Awesome! How user can become your ambassador?😄

Valentino | FNDZ – will never DM first: Join our channel, we have a sign up list ready!

Robin I FNDZ – Will never DM first: So, for now, the ambassador program is a special section of the project that we will open every now and then, the ambassador have exclusive features like meetings with the core team, first persons to test the beta platform, token rewards etc.

To become an ambassador you will need to join the community, from there we will announce it.

Robin I FNDZ – Will never DM first: https://t.me/fndz_community

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

Mary Satoshi Club: Thanks, guys! Ready to proceed?

Robin I FNDZ – Will never DM first: For sure!

Q2 from Telegram user   @NataliyaKil

FNDZ IDO starts on TrustPad: September 14, 2021, 12:00 UTC. Whitelist Start: September 08, 2021, 15:00 UTC and Whitelist Closes: September 14, 2021, 09:00 UTC. I have fulfilled all the conditions for participation in the drawing of places on the White List. I wondered how the winners for the White List will be determined: will it be random or will you just take the first 100 people who filled out the form? And how will they be notified? What are the first things you will look at when determining the winners? I would also like to know about the terms and conditions of the IDO.

Robin I FNDZ – Will never DM first: Please visit the FAQ section of trustpad. https://trustpad.io/levels#faq They answer most questions about participating, about the whitelist and the IDO itself. If you still dont have you answers, join our community and ask there. We will always answer your questions pretty much immediately. https://t.me/fndz_community

Mary Satoshi Club: Is it your first and last IDO?

Mary Satoshi Club: Or may be you will have more later?😉

Valentino | FNDZ – will never DM first: This is our first IDO we contribute to. Personally ive invested in countless ones.

Robin I FNDZ – Will never DM first: Same here, that also drives us, we’ve seen so many and we have taken all the experience from that in our own IDO now.

Gold Rocket | Satoshi Club: yes you did an incredible job👏

Robin I FNDZ – Will never DM first: For the future, we can not say yet, we are full of ideas but like to do things properly and not move from one into the other.

Mary Satoshi Club: Did you have private investors? Any private sales you already had?😄

Robin I FNDZ – Will never DM first: So, that’s actually a nice question, and we can be pretty proud of the outcome of our private and seed round which was filled in 72H. This was mainly by our extensive network in both crypto as well as centralized finance.

Gold Rocket | Satoshi Club: Congratulations 🎉

Mary Satoshi Club: Wow! Congratulations! 👏

Valentino | FNDZ – will never DM first: We raised 960k seed and 2.4mil private

Valentino | FNDZ – will never DM first: to be exact

Mary Satoshi Club: Will investors tokens have vesting period?😄

Valentino | FNDZ – will never DM first: all

Gold Rocket | Satoshi Club: Great results👏

Mary Satoshi Club: Unbelievable 👍

Valentino | FNDZ – will never DM first: everyone is vested!

Valentino | FNDZ – will never DM first: we only have serious believers behind us!

Robin I FNDZ – Will never DM first: Yes, 24 months is also a vesting period that is considered “long” in the space from our experience.

Gold Rocket | Satoshi Club: Thanks for sharing 😊

Mary Satoshi Club: one of the main keys to success 🔥

Gold Rocket | Satoshi Club: And thank you for your answers

Mary Satoshi Club: Really long! Thank you for your answers! Ready to go to the next question?😄

Robin I FNDZ – Will never DM first: No problem! And yes, for sure.

Q3 from Telegram user @Rosane1a88

Copy trading is a long-established business model present in mainstream platforms such as eToro, ZuluTrade, etc. The magic of copy trading, is that isers literally copy the positions of a successful trader, with very minimal knowledge required. What are the requirements to be a copy trader in FNDZ, regarding the amount of money that needs to be invested, how much of the earnings are shared with the trader, and what is the minimal amount to withdraw? how many traders are part of the copy trading platform?

Valentino | FNDZ – will never DM first: There is no requirement to become a trader, anyone can be one. The trick is being profitable and staying on the leaderboard, otherwise people wont follow you. We are planning to launch our product with at least 150+ traders.

If you are a trader, you will love FNDZ. Traders will get a commission for each user who wants to copy their trades as well as the performance and management fee. If a trader decides to stake FNDZ, he/she will get fee discounts and can earn rewards from every trader’s profit.

Also, we will organize competitions/tournaments to reward the best traders.

Have a more in depth read on our token utility, and you will understand the entire model.

https://medium.com/fndz/the-fndz-token-utility-model-5f315543303e

Mary Satoshi Club: Your traders leaderboard portfolio can can be composed of any cryptocurrencies?

Valentino | FNDZ – will never DM first: We have a curated list of asset that can be traded on each chain. This is done to protect the users. There are certain threshold limits like daily traded volume, market cap size etc. The assets we enable our users to trade will be hitting certain threshold levels that we consider “good” in order to make sure our users are protected.

Valentino | FNDZ – will never DM first: there is more than 100+ assets for BSC currently and 150+ on ETH

Valentino | FNDZ – will never DM first: that are fit for the list for our users

Valentino | FNDZ – will never DM first: of course its dynamic and as certain projects increase in size and volume, they will be added

Mary Satoshi Club: Oh, that’s super!

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

Gold Rocket | Satoshi Club: Sounds good

Robin I FNDZ – Will never DM first: Let’s goo!

Q4 from Telegram user @JesusFre1tes

Established suppliers have several major drawbacks, such as non-transparent models with all kinds of hidden fees, unfair order books, limited asset availability and much more. How, through your Copy Trading model, will you solve these fundamental problems that many of today’s providers suffer from? Is this model adaptable to all types of investments? What are the main strategies that are part of FNDZ Copy Trading and generate the highest returns?

Robin I FNDZ – Will never DM first: We are a purely decentralized copy trading product. We don’t have a CEX (central exchange model) where we need to plug APIs into user accounts etc. On CEX’s there are order books that are populated by market makers. DEX’s have a fundamentally different order book namely the AMM’s. Furthermore, everything is transparent on the chain, so you will be seeing the exact fee breakdown. There are no hidden fees on FNDZ, everything is explained in a lot of detail in this article.

Valentino | FNDZ – will never DM first: To add on that, each trader has their own strategy and that is what gives them edge in the market. So you will be looking for the best ones out there.

Valentino | FNDZ – will never DM first: You wont be able to trade stock tokens or anything that reassembles a security of course on there. Will be purely for crypto tokens.

Gold Rocket | Satoshi Club: Thanks for clarifying 😊

Mary Satoshi Club: Is there any way users can manipulate leaderboard?

Valentino | FNDZ – will never DM first: nope, as mentioned we got the in house rating system

Mary Satoshi Club: Awesome! Because as i know here people often try to hack the system😂

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

Valentino | FNDZ – will never DM first: yes

Q5 from Telegram user @alice_wonderland12

There is a referral program in FNDZ, one referral link can be created per trader. The promoter can share this referral link with new traders. How much is the commission that a promoter can earn by each new user that joins through its link? What other benefits can promoters receive?

Valentino | FNDZ – will never DM first: We will first implement a direct referral link to invite people to a vault. This will be anywhere from 0.5%-1% to start with (we will let the traders decide how much they are willing to give away). As we build out the product, we would like to make these fees on a rolling schedule, which means that each time the crystallization period is due, the promoter gets his small share. We will be explaining this in more detail as we come closer to the product rollout.

Mary Satoshi Club: Sure! 😄

Mary Satoshi Club: We will follow your updates!

Gold Rocket | Satoshi Club: Don’t forget to share with Satoshi Clubbers 😉

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

Robin I FNDZ – Will never DM first: Sure shoot it

Q6 from Telegram user @AugusS7

You say that FNDZ “is governed by multiple audited smart contracts that will prevent losses due to hacking”, but just by auditing these contracts, you get guarantees that there will be no scams? if so, then why have other projects suffered losses due to hacker attacks if their contracts are audited?

Robin I FNDZ – Will never DM first: Nobody in this world can claim that their smart contracts are 100% safe, as you have seen with various different projects in defi. The second they get more than 1B TVL (or big enough to make it worth the attackers time) hackers start targeting these protocols. The only thing we can do is run them by very reputable and trusted auditors like Zokyo and then do community bug bounty programs.

Valentino | FNDZ – will never DM first: and ensure highest level of security measures as we build 🙂

Mary Satoshi Club: Did you already apply for audit?

Valentino | FNDZ – will never DM first: yeah we already had our audit with Zokyo

Valentino | FNDZ – will never DM first: will be publishing that for the community as well soon

Gold Rocket | Satoshi Club: Safety first 👌

Valentino | FNDZ – will never DM first:

snapshot from our audit

Valentino | FNDZ – will never DM first: will be publishing it in the coming days

Valentino | FNDZ – will never DM first: stay tuned for that

Part 2 — live questions from the Telegram community

Q1 from Telegram @Jamesxmen

When I researched on FNDZ team, I could found details of 20 members & they are skilful members in Different fields. Before starting the FNDZ, Did you guys work together in multiple projects? Do you have a office to work together or Do you work remotely? The team work takes place behind a every successful project. Does your team also give their priority to the growth of FNDZ platform? What is your attitude about your team members & the dedication that they put in to FNDZ project? Do you increase the number of team members So that Some users those who are interested on FNDZ, Can join to Core team of FNDZ project?

Valentino | FNDZ – will never DM first:

Our aim is to become a fully fledgedDAO (decentralized autonomous organization) and that’s why the term “contributing” is perfect. We currently have 30+ people. some are not visible on the website for compliance reasons. We are working with veteran product teams led by ex Goldman and sachs for multiple years. We put really high importance on the product as this is what will be driving us. As we are an open ecosystem, anyone can join and work with us. We will be expanding the team actively as of 2022. For now we are finishing our sprint to the end of the year.

Q2 from Telegram @Huzur12123

How strong💪 is your team? Many projects starts with good impression and later  abandoned the project. What makes your project different than others

Robin I FNDZ – Will never DM first:

If you look at our track record, you will see that the lead contributors have been in the space for a long time. We are definitely not looking to abandon the project as we have a very promising future with this. We want to bring more retail into the space and this is the way we think will work the best. The core contributors are known for the longevity they had in their careers so far, having a healthy balance between senior heavyweights with experience in firms like Goldman Sachs as well as high potential juniors that have been contributing to big names in the crypto space like Binance.

Q3 from Telegram @abkarim2003

Nowadays many projects have cheated people.  In what ways can your project instill confidence in people’s minds?  What kind of work can your project do to build trust among the people?

Valentino | FNDZ – will never DM first:

We have people involved that built regulated crypto exchanges that were approved by the central bank. Which means you go and get checked if you are fit to run and a credible person. We are not here to rug anyone, thats is literally the least of our intentions. In order to build trust we obviously take security and communication very seriously and we are completely transparent about everything as we go.

Q4 from Telegram @mucana

On the FNDZ website, I did not see any incentive, without receiving tokens. What kind of incentive practices do you have in order to attract experienced traders and following users, or rewards, conveniences, etc. based on performance?

Valentino | FNDZ – will never DM first:

Please have a look at our token utility model. It explains everything in detail, where fees are applied and how traders can benefit from them   https://medium.com/fndz/the-fndz-token-utility-model-5f315543303e

Q5 from Telegram @Indomiekuy

Hello, your project looks really good but could u explain what is the meaning from “FNDZ” As the name project ? And why choosing name FNDZ as a project name as its hard to call or remember?

Valentino | FNDZ – will never DM first:

FNDZ is said as Fundz, which as the word explains entails your funds. As you put funds to work on the platform, we thought it was very fitting.

Q6 from Telegram @Korryl

i really excited with FNDZ project but can you tell us how do new member like me participate in your token sale? how about presale & IDO ?  where will you list the token ?

Robin I FNDZ – Will never DM first:

As mentioned in the AMA, our seed and private round was sold out within 72H, there is currently a whitelist going on Trustpad. The easiest route to get yourself in the project, would be to join our community, after which we can assist you with the whitelist as well as the purchase through  the dexes. You can simply join the community by clicking the following link: https://bit.ly/3DOcGlH

Q7 from Telegram @Shakil342

As I know this project is relatively new, you’re just getting started. Can you tell us about the progress you have made so far? What has been the most important update of the moment and what are you currently focused on?

Robin I FNDZ – Will never DM first:

Currently we have finished the first set of smart contracts, we have the demo in review process, the beta is being released soon, then we go into beta testing. After that the product will be released to the world. Shortly after that we build out the novel staking mechanism we came up with. To keep track of the roadmap the easiest route is to take a look at our website www.fndz.io, next to that, we are currently fully updating this roadmap further into the future.

Q8 from Telegram @Jonahapagu

Some of the major drawbacks of Social trading platforms as mentioned on your website are; non-transparent models with all kinds of hidden fees, unfair order books, limited availability of assets and much more. Plus, the majority of platforms are based on derivatives, meaning users don’t really own the assets, which brings additional unnecessary investment risks… So how does FNDZ solve these major issues pointed out in its platform, how do you ensure that there are no hidden fees or unfair order books on your platform, and how do  you eliminate investment risks on your platform

Valentino | FNDZ – will never DM first:

The smart contracts govern the fees that each of the traders defines as they create a vault. The fees cannot be changed subsequently. Plus all the trading and deposits + withdraws happen on chain, so you can always be certain there is no hidden order books which you find in CEX models. The trades are done via AMM’s so also know there is no hidden fees.

Q9 from Telegram @Huzur12123

Have you being audited ? Have not heared you talk about that security  of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?

Robin I FNDZ – Will never DM first:

Yes, as mentioned we have been audited by Zokyo with an above industry average score. Our security is on top of our prio list, with ongoing audits and penetration tests. Furthermore, the platform functions through a form of “self custody” where the smart contract holds the funds which then could be redeemed at any time.

Q10 from Telegram @Pratze

so FNDX have stake feature and will be able to join FNDX IDO, could you explain the stake system ? how its work ? and what are the requirement for stake ?

Valentino | FNDZ – will never DM first:

The FNDZ staking feature will be build out right after our product launch. So join our community and stay tuned. We will be dropping more medium articles on the staking functionality as we build it out.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of FNDZ. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru

Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners:

FNDZ Website – fndz.io
FNDZ Telegram – @fndz_community

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 GamefiProtocol and our guest, @Alex_GameFi. The AMA took place on the 9th 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

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Gamefi! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club! Today our guest is @Alex_GameFi.

Alex: Hello everyone.

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @Alex_GameFi! Nice to e-meet you😊

Alex: Nice to e-meet you😗

Mary | Satoshi Club: Welcome to Satoshi Club👏

Gold Rocket | Satoshi Club: How are you doing?

Alex: I am doing well!

Mary | Satoshi Club: That’s great😻 so, let’s start our AMA🚀 Could you please introduce yourself and tell us more about Gamefi?🚀

Alex: Hello everyone!
I’m Alex. Doctor of economics, former investment director of asset management company and senior executive of listed company. I’ve rich experience in blockchain, financial investment and project management.

We started Gamefi Protocol project in March 2021. I‘m CAO (Chief Architecture Officer) of Gamefi Protocol.

Mary | Satoshi Club: How did you get involved into the crypto space?

Alex: I bought Bitcoin for the first time in 2017.

Gold Rocket | Satoshi Club: Wow😁 And when did you sell it?😅

Alex: I am holding BTC.

Mary | Satoshi Club: 2017😀 This year brought us a lot of amazing people!

Alex: We found that the Metaverse has a huge opportunity.

Mary | Satoshi Club: Yes, Metaverses are on fire now🔥

Gold Rocket | Satoshi Club: Yes, you are in a great market period👍

Alex: From March 2021 to June 2021, GameFi ushered in an explosive period. The number of daily active wallets for blockchain games increased from 51,000 to 375,000, an increase of more than 600%, and the number is still expanding.

Mary | Satoshi Club: Oh, I feel mass adoption is near😀 The main thing is to make sure that the industry is ready for this.

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

Alex: Our team has rich experience in game development and project operation, with strong execution.

Mary | Satoshi Club: Where we can find more information about team members?😀 Is your team public?

Gold Rocket | Satoshi Club: Is your team anonymous?

Alex: Our team is open to investment institutions and exchanges, but is currently partially open to the public.

Mary | Satoshi Club: Gotcha!😀

Alex: As a Gamfi aggregation platform, we will authorize many high-quality games to launch (IGO) on the platform. So the games launched (IGO) on our platform are not only reward based games, but also games with high playability. At present, the track is still in the blue ocean.

We have received strong support from several listed game companies and will jointly launch the popular Gamefi.
Investment institutions and industrial capital provide sufficient funds for project development.

Mary | Satoshi Club: Wow, can you tell us their names?😀

Alex:

• Jess CEO
• Ying CTO
• Alex CAO
• Jeb CPO

Mary | Satoshi Club: Which blockchains will support your platform?

Alex: Initially it will be on BSC, and then it will support other chain later.

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

Alex: Ok!

Q1 from Telegram user @Olu_Makanaky:

You place deflation mechanisms on GFI token by making deflation through repurchase and burning where GMiner fund’s participation in the income of Game/De-Fi projects will be 10%, GSWAP Tx fees 30%, Lottery/Grab bag revenue 80% and Game List (IGO) income 80%. If burning of 80% of the repurchased fund pool occurs and 20% is used to purchase Forth and permanently lock the position for the first time and after some years the process will be repeated, where 20% will be locked all the time, don’t you think this will typically weakening the value of GFI token? Is there no tendency that the value of GFI will fall in price, which will lead to lower users investing? What actually do you want to achieve from this process of your deflation?

Alex: GFI is the driving force behind the GameFi Protocol ecosystem:

• GFI can be staked in GSWAP to get GFI token rewards;
• GFI can be used to purchase NFT products as well as GPST or MPST in GSWAP, and participate in trading, farming, and launchpools;
• Users can invest GFI, Forth, ETH, USDT or other tokens in different pools within GMiner to obtain GFI and Game/DeFi tokens;
• Users can use GFI to buy Lottery/Grab bag, and get bonus after winning;
• GFI will also be used to reward Gamefi explorers, Gamefi game guilds, code contributors, and bug bounty providers;
• Users who participate in NFT transactions will receive GFI rewards.

Of course, GFI is also an important tool for Gamefi Protocol community governance.

GFI mainly achieves deflation through repurchase and burning, which have the following sources:

• GMiner fund’s participation in the income of Game/DeFi projects;
• GSWAP Tx fees;
• Lottery/Grab bag revenue;
• Game List (IGO) income;

Therefore, the value of GFI lies in the continuous increase in platform revenue while the number of GFIs continues to decrease.

Gold Rocket | Satoshi Club: Wide use case!

Mary | Satoshi Club: Will users need to hold GFI to participate in IGO?

Alex: Yes, the platform will expect users to hold a certain amount of GFI to be eligible to participate in the IGO in the Gamelist, which is also one of the rewards for GFI holders.

Mary | Satoshi Club: Can you tell us how many GFI we will need to hold to participate?

Alex: Just a little, may be 1GFI or 2GFI.

Mary | Satoshi Club: Btw, there is one more project with GameFi name on the market😀 Do you have any relationship with it?

Alex: Unrelated. We‘re Gamefi Protocol.

Mary | Satoshi Club: Oh, got it😀

Gold Rocket | Satoshi Club: Thanks for the clarification!

Mary | Satoshi Club: Thank you for your answers! Ready to proceed?

Alex: OK.

Q2 from Telegram user @Jamesxmen:

GameFi intends to increase their community by an unique referral program. Can you give a brief introduction about your referral program? I noticed, GameFi referral program implement in two ways: in GSwap & GMiner features. What is the return rate per invitee on both features? How much should a invitee invest in order to receive referral rewards from both features? Is there any kind of limitation for referral system like minimum number of referral to withdraw rewards? What are the rules & conditions you promulgate in referral program?

Alex: The platform has a simple and fair referral program.
The platform provides an opportunity of referral to maximize brokerage, by which the referrer can invite friends to register through the referral link and get rewards from the referral program.

Referral rewards can be obtained from GSwap Farming and GMiner:

1. GSwap Farming Referral System. The referrer can get up to 5% return from the invitee’s GFI income. When the invitee withdraws the GFI tokens obtained by GSwap Farming into the wallet, the referrer’s reward will be visible and can be withdrawn from the referral account.
2. GMiner Referral System. The referrer can get up to 10% return from the invitee’s GFI income. When the invitee withdraws the GFI tokens and Game/De-Fi tokens obtained by GMiner to the wallet, the referrer’s rewards will be visible and can be withdrawn from the referral account.

Gold Rocket | Satoshi Club: Not bad👍

Mary | Satoshi Club: So, they will get rewards in GFI, right?

Alex: Of course, and if the referrer has a large number of customers, the rewards will be substantial.

Mary | Satoshi Club: Also, which currencies will the users be able to use when they will participate in your future IGO?

Alex: GFI/BNB/BUSD/USDT

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

Alex: OK.

Q3 from Telegram user @yellowchamp:

I found out that Gminer and NFT is coming soon in Gamfi Network. So can you share an overview about the Gminer that you are going to launch? How does Gminer work? What are the pros and cons of Gminer? As we know NFT is so popular in the market, what special characteristics or entity will Gamefi NFT bring to the market? What kind of NFT will you be focusing on? As NFT is popular, what kind of marketing strategy will you deploy to attract some investors or collectors of your NFT? Do you plan to collaborate with some established NFT marketplace to help you market your NFT items? Thank you.

Alex: Gminer: The Gamefi Protocol can help most ordinary player users who lack professionalism and limited time, as well as users who are interested in Gamefi, through GMiner to efficiently configure users’ digital assets into different Gamefi, and cooperate with professional players to obtain maximum benefits.

NFT: Users can freely trade the Game NFT assets.

Our business strategy pays more attention to the layout of game NFT assets. The platform will rely on the highly playable games successfully released by Gamelist, jointly issue game NFT assets, and allow users to participate in game NFT mining, game NFT transaction-mining, and participate in the fun and wealth brought by the game itself.

Now you can see the demo. Some functions of the platform will be officially launched in October, and all functions will be gradually launched in phases.

Gold Rocket | Satoshi Club: Thank you for the answer!

Mary | Satoshi Club: When will your platform go live?

Alex:

Website: https://gamefi.ai/
Gitbook: https://gamefi-protocol.gitbook.io/gamefi-protocol/
Twitter: https://twitter.com/GamefiProtocol
Medium: https://medium.com/@gamefiprotocol1
Facebook: https://www.facebook.com/GamefiProtocol/
TG Channel: https://t.me/GamefiProtocol_Announcement
TG Global Group: https://t.me/GamefiProtocol
Github: https://github.com/gamefiProtocol/gamefiProtocol-contract

Mary | Satoshi Club: Thank you! It’s clear now👍 Ready to jump to the next question?

Alex: OK.

Q4 from Telegram user @kimzyemma:

Recently, you announced your first airdrop worth of $2000 in GFI token to be distributed to the eligible participants using your Telegram Bot to participate. How many winners will be selected and how will you consider the winners? Are you going to make use of first-come-first serve or winners will be selected randomly? If 1% of maximum supply is allocated for Airdrop (2,287,058) and just 2000 GFI will be given out for the first airdrop, how often will airdrop be occurring in your project before reaching the maximum allocation?

Alex: We will implement the airdrop plan strictly in accordance with the plan announced on Twitter, and the specific algorithm of the airdrop is fair and random. The maximum number of airdrop is 1% of the total GFI.

Gold Rocket | Satoshi Club: Sounds good!

Mary | Satoshi Club: Can you share your plan with us? How often you will have such kind of airdrops? Will they be regular or random?

Alex: We will post all airdrop plans on Twitter, thank you for your attention.
Twitter: https://twitter.com/GamefiProtocol

Mary | Satoshi Club: We will stay tuned 😊 Thank you for your answers! Ready for the next question?

Alex: OK.

Q5 from Telegram user @Cheriemike:

The GFP protocol supports GFI holders to form GFP-DAO spontaneously to conduct community governance of Gamefi Pool. My question is, what is the minimum/maximum amount a user needs to hold to participate in a GFP-DAO? Will governance be open to all or those who hold higher amount of $GFI? Will there be any user’s incentives to those who participated in the voting, and will each one receive same rewards or rewards will be distributed differently depending on the amount each users hold?

Alex: The Gamefi Protocol supports GFI holders to form GFP-DAO spontaneously in order to carry out the community governance of the GameFi Protocol. GFP-DAO implements a democratic system of 1 vote/1 GFI.

GFP-DAO can be decided by voting on:

1. The rule setting of each function of GSwap;
2. GMiner project’s admittance into/rejection from the pool;
3. Whether the Gamelist project should be online;
4. Whether the new gameplay of Lottery/Grab bag should be online;
5. Revision and improvement of GFI certificate economics;
6. The strategic planning of the GameFi Protocol;
7. More modifications and improvements of rules.

And users who hold GFI that participate in staking can get rewards, so the more GFI they hold, the more rewards for staking.

Mary | Satoshi Club: What is the minimum amount and what is your governance system? 1 token=1 vote?😊

Alex: Anyone holding GFI is eligible to vote.
Specific voting rules, such as 1/2 or 2/3, will be negotiated based on community opinions. 1 vote/1 GFI.

Mary | Satoshi Club: Gotcha😀

Gold Rocket | Satoshi Club: Thanks for your answers! Ready to proceed to the next question?

Alex: OK!

Gold Rocket | Satoshi Club: Btw last of this part😊

Q6 from Telegram user @Jmagsss:

Gamefi Explorers are the so-called “Investment and Research Team” within the Gamefi Protocol ecosystem. They provide research for high-quality and promising Play-2-Earn project that are built under the Eth, BSC and HECO networks. The best part about this group is that, anyone can be part of it. Anyone can send their suggested project to be featured on Gamefi Protocol. Each selected project will compensate that sender with a whooping 1000 up to 10,000 USD reward. It would be a shame if I won’t participate. So can you tell me how to join this program? Where can I send my suggestions of prospect projects? Also, what will be your criteria for determining the winning project to be featured on Gamefi Protocol?

Alex: We welcome anyone with rich blockchain experience and gaming experience to join our community, and welcome everyone to recommend excellent projects via Telegram or official email.

We will build DAO to judge projects based on different public chains, wallets, single or multiple token systems, game rules, and token economic models (Tokenomics), etc.

Gold Rocket | Satoshi Club: Thanks for your answers!

Alex: Thanks all.

Mary | Satoshi Club: Rewards will be payed in USDT or which currency? Did you already get some projects submitted?

Alex: Rewards will be payed in USDT or GFI.

We have received strong support from several listed game companies and will jointly launch the popular Gamefi.

Gold Rocket | Satoshi Club: Now get ready for the most impressive part of our AMA.

Mary | Satoshi Club: And live part is almost here😃 Ready?🚀

Alex: Ready.

Mary | Satoshi Club: Let’s go🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @captainprice111:

What is the creation story of the Gamefi project? Secondly, what kind of shortcomings did you see in the market or what did you want to fix that attracted you to create the Gamefi project? Thirdly, what are the most lethal and favorite features of Gamefi that can distinguish it from other projects?

Alex: Our team has rich experience in game development and project operation, with strong execution. As a Gamfi aggregation platform, we will authorize many high-quality games to launch (IGO) on the platform. So the games launched (IGO) on our platform are not only reward based games, but also games with high playability. At present, the track is still in the blue ocean.

We have received strong support from several listed game companies and will jointly launch the popular Gamefi.
Investment institutions and industrial capital provide sufficient funds for project development.

Q2 from Telegram user @Zohaya:

Is an Ambassador Program in the works for you? If that’s the case, how do we go about submitting an application?

Alex: Our community will be composed of Rewards developers who participate in the Gamefi Protocol ecosystem- Gamefi explorers, Gamefi professional players, code contributors, bug diggers, etc. Of course, they need to hold a little GFI.

Everyone can see that our incentive mechanism encourages people with specific blockchain knowledge to join the community as much as possible.

Q3 from Telegram user @victorogb:

Gamefi token GFI utilizes deflationary mechanisms of Repurchase and Burning. How is this process efficiently done, since Gamefi has a repurchase fund pool? What percentage of this pool is used for the repurchase activity of GFI tokens,? And how often will Gamefi carry out these token burn operations?

Alex: About 80% of repurchase fund pool is used for the repurchase activity of GFI tokens. The frequency of repurchase will be determined by community voting.

Q4 from Telegram user @JoanaZ:

The amazing thing about games is that they are able to attract any type of user (with or without experience in Crypto). So Gamefi has considered this possibility and you built your project user friendly for beginners?

Alex: This is an important feature of our platform. The games launched on our platform are not only chain games, but also have high playable performance to allow most real gamers to participate.

Q5 from Telegram user @alberto_vzla:

I liked that you said “Gminer: Gamefi protocol can help most ordinary gamers users who lack professionalism and have limited time”. Do I have to pay for Gamefi if I want to receive this training to be a professional? How much should I pay?

Alex: Becoming a professional player and joining us does not need to pay, but professional skills are required.

Q6 from Telegram user @Sourava12:

There are many NFT gaming platforms in the market which adopt “Free to Play and “Play to Earn model”. In Gamefi I read about Everyone to Earn (E2E) model . Can you tell us more about this new model?

Alex: Gamefi Protocol is the first Gamefi mining pool protocol. It aims to build a Gamefi aggregation platform to provide users with a low-threshold way to invest in Gamefi. In addition to the basic services of game guilds, Gamefi Protocol also has a variety of innovative revenue models such as Machine gun pool, farming (liquidity mining), and Gamelist (IGO),which provide users with a wealth of value capture methods.

We believe that Gamefi, as the entrance to the Metaverse, is an important carrier for humans’ future social, entertainment and even work, and a new digital world in which everyone will participate.
We’ll become a Metaverse aggregate platform and trading platform that everyone can play and earn.

Q7 from Telegram user @JaviSuBs:

Gamefi I don’t have GFI tokens, where can I buy them and what would be the benefit and use that I can give the token, what is the function of the token within Gamefi?

Alex: Our project has passed Certik’s audit. We will also establish a Risk Protection Fund to respond to emergencies.

Q8 from Telegram user @centoscu:

I’m wondering if there is any Referral System on Gamefi Protocol for people to invite friends and family to join it?

Alex: We will launch a project recommendation system to facilitate recommenders to recommend high-quality projects and get rewards.

Q9 from Telegram user @sweetdoge:

Will it be possible to get GFI token rewards while playing the games and also can I earn more GFI token rewards by staking?

Alex: Of course, we have cooperated with listed game companies and will launch high-quality games on the platform. Any player who purchases game NFT assets will receive GFI rewards while playing the game.

Q10 from Telegram user @Shadnan31:

Hello sir, can you please tell me, how old is your project? What are the major plans ahead? Could you show to us an image of your roadmap?

Alex:

Q2 2021:

• Build a core team
• Set the project positioning
• Determine the economic model

Q3 2021:

• The official website
• White paper
• GSWAP Farming
• GSwap Stake
• GMiner
• Game List (IGO）
• Referral System

Q4 2021:

• GSwap trading
• GSwap Launchpools
• Lottery/Grab bag
• Launch Bug Bounty

Q1 2022:

• GFP-DAO
• Expand GameFi Explorer
• Expand GameFi Game Guild

Our plan is to launch on PancakeSwap on September 15th.
Investment institutions will be disclosed in the next few days.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

• English Telegram group: https://t.me/Satoshi_club/
• Russian Telegram group: https://t.me/satoshi_club_ru/
• Spanish Telegram group: https://t.me/satoshi_club_spanish/
• Telegram Channel: https://t.me/satoshi_club_channel/
• Twitter: https://twitter.com/realsatoshiclub/
• Website: https://esatoshi.club/

Our partners:

• Website: https://gamefi.ai/
• Gitbook: https://gamefi-protocol.gitbook.io/gamefi-protocol/
• Twitter: https://twitter.com/GamefiProtocol
• Medium: https://medium.com/@gamefiprotocol1
• Facebook: https://www.facebook.com/GamefiProtocol/
• TG Channel: https://t.me/GamefiProtocol_Announcement
• TG Global Group: https://t.me/GamefiProtocol
• Github: https://github.com/gamefiProtocol/gamefiProtocol-contract

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 MDEX and our guests were @mdexKiko2021 – representatives of MDEX. The AMA took place on the 8th 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

MDEX:
Hello everyone!

Gold Rocket | Satoshi Club:
Dear Satoshi Club community! We are pleased to announce AMA with MDEX

Andrés M. | Satoshi Club:
@mdexKiko2021 welcome to Satoshi Club. It’s a pleasure to have you here.

MDEX:
Thanks!

Gold Rocket | Satoshi Club:
We are very happy to see you again. 😍

Thanks for joining.

MDEX:
Glad to be here again 😊

Gold Rocket | Satoshi Club:
How are you doing😍

MDEX:
I’m good. Thanks.

Gold Rocket | Satoshi Club:
I really hope you brought us a lot of news 😁

Andrés M. | Satoshi Club:
@mdexKiko2021 please tell us, what is new in MDEX since past AMA?

MDEX:
Haha. Yes 😅

Gold Rocket | Satoshi Club:
But to start, make a small intro about yourself and the project😁

I see both your and our TG communities have grown since then 🚀🚀🚀

MDEX:
Many things have taken place after the last AMA. I’ll mention only few.

MDEX ushered in the second halving in September. The second halving of MDX, combining with the existing trident – repurchase and burn mechanism, Burning Black Hole campaign, and Boardroom lock-up product, will bring MDX into the era of low inflation, which is good news for MDX.

MDEX has announced the latest roadmap when it exercised its first halving. Since then, it has been planning for the future according to the latest roadmap. The long-term lock-up function of the Boardroom has been launched so that more MDX holders and users can get gain more benefits. In return, it also fired the first shot of DAO. At the same time, MDEX will launch more IMOs to provide users with more air-drop benefits. In addition, MDEX will launch three plans in the follow-up to create more potential benefits for users.

We have also launched our referral program. Here are the details https://mdexdoc.gitbook.io/doc/gong-gao-1/mdex-bsc-referral-system-rules

Also, we are about to launch the DAO governance page to ensure effective implementation of the Q3 roadmap on September 2, 2021.

MDEX:
Many other things also 😂

Thank you 😊

Gold Rocket | Satoshi Club:
You didn’t waste your time! it’s great, what you did in such a short time👏👏

Andrés M. | Satoshi Club:
Yes, the great growth you have had is incredible.

MDEX:
Ok. I am Kiko, the CMO of Mdex. I have been in the crypto market for 3 years. I have extensive experience in the Crypto industry, particularly in DeFi. MDEX is an exciting and innovative project on the market that has made significant strides over a short period of time compared to its peers. After getting into the crypto industry, I never looked back and my goal is to explore as much about this field as I can.

The concept of DeFi was proposed in 2018, but it wasn’t widely recognized by people. It was not until Uniswap began to have a wealth effect and completed a sensational DeFi user education that many people gradually pay attention to DEX. However, the skyrocketing price of Ethereum has caused congestion in transactions and high transaction fees. Thus, it is difficult for ordinary investors to bear the transfer fees of tens of hundreds of dollars for a single transfer, which gives other public chain opportunities. With the large-scale promotion of BSC public chain and HECO public chain, MDEX was born under such an opportunity with the high-performance advantages of HECO and BSC.

MDEX.COM is a decentralized cross-chain transaction protocol that supports BSC and HECO, long ranking No.1 on the DEX rankings of CoinMarketCap and CoinGecko. It combines the advantages of low transaction fees on the Huobi ECO Chain and prosperity of Binance ecosystem, aiming at creating a high-performance composite DEX ecosystem, providing maximized rewards for participants with the “dual mining mechanism” of liquidity mining and transaction mining. It also manages to realize a closed and self-driven loop for value capture through using its transaction fees to repurchase and burn MDX.

The original intention and vision of MDEX are to start from trading, commit itself to build a DeFi platform integrating DEX, IMO, and DAO. In this way, it provides one-stop liquidity services for more high-quality assets and offers users with safe, reliable, and cost-effective transaction experience with diverse and high-quality assets.

Done.

Andrés M. | Satoshi Club:
An excellent introduction for those who lost past AMA

Let’s proceed.

Q1 from Telegram User @Jamesxmen
I tried MDEX chart’s Beta Version & It’s looking good since it includes multiple trading tools. When will your Chart’s Mainnet go to live? Will you integrate drawing tools in your Mainnet for the chart analysis? But I couldn’t see depth chart in MDEX Chart Beta version. Why is that? Will you update depth chart integration into your Mainnet? Which range of time intervals will you add in Mainnet of the charts?

MDEX:
Even though MDEX has already attracted a lot of users in the DEX industry, MDEX will keep exploring the future direction of the DEX market, and continue to provide users with a better experience. MDEX launched the Market Information Function in July. Therefore, the users can quickly understand the updated information in the market, easily do transactions and gain more transaction opportunities. This function is a new product in the DEX industry and will continue to improve and iterate in the future.

The aforementioned Invitation Rebate Mechanism is also a measure taken by MDEX to benefit users, aiming to better bring more rights and interests to users. MDEX will plan to launch the Order Book Function soon. By then, it will support the users to use limit orders, market prices and other functions for transactions. All pending orders are stored in the order book of blockchain, and the orders in the order book will be matched, transacted and settled accounts according to the conditions of the order. This is a highly decentralized model. After launching this function, it will greatly reduce the gap in transaction experience with centralized exchanges.

Done.

Gold Rocket | Satoshi Club:
Clear answer 👌 thanks

So… When will your Chart’s Mainnet go to live?(c) 😉

Andrés M. | Satoshi Club:
Excellent answer.

MDEX:
It is expected to launch in few months. Update will be released.

Thank you.

Gold Rocket | Satoshi Club:
Many thanks for sharing

Ready to proceed to the next question?😊

Q2 from Telegram User @Asela1112
You have announced a $MDX trading Carnival from 07th of September to 14th of September. Is the purpose of this trading Carnival to bring the price of $MDX to a higher point from the Dumping point since yesterday’s Market Crash? And also you categorized this trading competition into three events called Event 1- New $MDX traders, Event 2- Trade $MDX, Event 3- Trade more, Win more. What are the unique Specialties of each event? How much is the prize pool for each event? What is the minimum value, I should trade to grab some Extra $MDX? Can I trade $MDX on Binance to enter this Trading Carnival or should I trade only on Huobi Global to be eligible for this trading Contest?

MDEX:
My pleasure.

In total, US$100,000 MDX token prize pool.

Event I. New MDX Traders: US$40,000 in MDX Tokens to be Won!

Rules:
Users who haven’t traded MDX (spot trading) on Huobi Global yet can get an equal share of our US$40,000 MDX token prize pool by reaching minimum spot trading volumes of 100 MDX during the promotion period.

Additionally, the first 2,000 users who complete the above trading task will each win US$20 in MDX tokens.

Event II. Trade MDX for a Share of Our US$30,000 MDX Token Prize Pool

During the event period, all users with minimum spot trading volumes of 200 MDX are eligible for a share of our US$30,000 MDX token prize pool.

200 eligible users will be selected to win US$100 in MDX tokens, according to the Lucky Draw Rules Based on HECO Block Hash Value.
Other eligible users will get an equal share of our US$10,000 MDX token prize pool.

Event III. Trade More, Win More: US$30,000 MDX Prize Pool to be Won!

Rules:

During the promotion period, all users with minimum spot trading volumes of US$300 in MDX tokens can stand a chance of winning a share of our US$30,000 MDX token prize pool.

The user with the highest MDX spot trading volumes during the campaign period will win a prize equivalent to US$9,000.
Users ranking 2nd and 3rd will get a share of our US$10,000 MDX token prize pool, based on the proportion of each user’s MDX spot trading volumes over the duo’s total MDX spot trading volumes.
Users ranking 4th and 5th will get a share of US$8,000 in MDX tokens, based on the proportion of each user’s MDX spot trading volumes over the duo’s total MDX spot trading volumes.
Other eligible users will earn an equal share of a US$3,000 MDX token prize pool.

Details are here: https://www.huobi.com/support/en-us/detail/104885327411440

Andrés M. | Satoshi Club:
Is any level of KYC needed for newbies to join the contest?

MDEX:
Yes,

Andrés M. | Satoshi Club:
Great opportunity Satoshiclubbers🥳

Gold Rocket | Satoshi Club:
So many wonderful activities👏👏👏

Andrés M. | Satoshi Club:
I hope our 90k members take advantage of this opportunity😁

Gold Rocket | Satoshi Club:
Thank you very much for preparing so well 🤩

MDEX:
My pleasure.

Andrés M. | Satoshi Club:
Could you share your roadmap? What big events could we expect for next year?

MDEX:
It has been planning for the future according to the latest roadmap. The long-term lock-up function of the Boardroom has been launched so that more MDX holders and users can get gain more benefits. In return, it also fired the first shot of DAO. At the same time, MDEX will launch more IMOs to provide users with more air-drop benefits. In addition, MDEX will launch three plans in the follow-up to create more potential benefits for users.

The first is the M-USD plan, which is to launch a multi-collateral method to mint stable cryptocurrency MUSD, and provide suitable application scenarios and liquidity rewards in the ecology so as to offer token in liquidity for MDX holders;

The second is the M-MEX plan, which is to launch a series of derivatives tools to provide users with ways and paths to create multiple benefits;

The last is the M-League plan. On the basis of the existing Hunter plan, more funds will be injected into a series of supporting projects such as IMO, ecological fund investment and start-up project incubator, so as to better invest and serve global development and to bring benefits to users with high-quality projects and ecology.

These series of measures are all MDEX’s visions. The players of decentralized transactions are all expecting these new ways.

Andrés M. | Satoshi Club:
Innovative features, great job👏

MDEX:
Done.

MDEX:
Thank you!

Gold Rocket | Satoshi Club:
Amazing 👏👏👏

Thanks for your answers! Ready to proceed to the next question?

Q3 from Telegram User @victorogb
In a bid to acquire more community numbers, increase trading activities, and general adoption, MDEX launched its referral program on BSC in late August. This program gave all users the opportunity to invite friends and receive rebates and commissions on such actions. Can you carefully emphasize this, how has the program been so far since it was first launched, what are the necessary rules and guidelines that guarantee successful referrals, rebates, and rewards, and since users can also function as influencers, what are the requirements? Finally, as this program was launched on BSC, will there be a similar program for your HECO & ETH support chains?

MDEX:
The Invitation Mechanism is not an innovative product of MDEX. At present, several leading CEXs in the industry have this mechanism for a long time, and some other DEX platforms have also launched the functions of invitation with good feedback. People who invite friends to do transactions on MDEX not only enjoy platform commission but also save service fees for their friends. This is in line with the original intention of providing users with a cost-effective transaction experience and giving users benefits at the beginning of MDEX’s establishment. This Invitation Mechanism achieves a lower cost of centralized transactions and meets users’ demands.

After the functions of invitation are launched, the MDEX team may hold similar activities such as team transaction competitions in the follow-up operation plan. This can effectively promote the activity of the platform and allow more people to learn about MDEX. The more the transactions on MDEX: the more transaction fees, and the more the number of MDX repurchased and burned, creating a benign closed loop.

Done.

Andrés M. | Satoshi Club:
Thanks for the detailed answer, now, could you tell us more about the token HMDX?

Which benefits it provides for holders?

MDEX:
MDX token is a utility token which is the core medium of exchange token of MDEX: MDX not only represents the rights of the holders but also has its practical application value. MDX can be used as Governance tokens.

MDX is a community-led decentralized project that can be used for community governance of MDEX to make decisions on major issues in the community. Such as voting on transaction fee ratios, review of other important rules, and the decision to achieve deflation in the face of periodic repurchase and burn of tokens.

Also MDX is a standard fundraising token used by HT-IMO, a de-centralization fundraising protocol based on MDEX platform. It’s similar to use ETH to do ICOs on Ethereum platform and will have greater value as IMO is widely used. Mdx holders will be able to participate in our IMO.

Andrés M. | Satoshi Club:
Thanks for the detailed answer, exactly what we want😁

Gold Rocket | Satoshi Club:
This is an incredible opportunity

Andrés M. | Satoshi Club:
Let’s proceed with the next question if you are agree

Q4 from Telegram User @JaviSuBs™
MDEX has a mobile or PC-only version, which is the most recommended for users, what is the best advice for novice users like me, to start mining, which would be more recommended the web version or the mobile version? What differences therebetween, liquidity mining and mining, can you explain to us about these mining functions and their correct use? Finally, how important are the communities globally for MDEX, and how do they plan to expand?

MDEX:
Here are the instructions and differences between mobile and PC version

Boardroom Lockup Tutorial: https://mdexofficial.medium.com/boardroom-lockup-tutorial-861321288264

Instruction for mining on MDEX: https://mdexofficial.medium.com/instruction-for-mining-on-mdex-9881e3dbb37a

How to conduct trade mining in Mdex (Mobile Version): https://mdexofficial.medium.com/how-to-conduct-trade-mining-in-mdex-mobile-version-c988e269a699

How to conduct liquidity mining (Mobile Version): https://mdexofficial.medium.com/how-to-conduct-liquidity-mining-mobile-version-405d0c88b0cf

How to conduct liquidity mining (PC Version): https://mdexofficial.medium.com/how-to-conduct-liquidity-mining-pc-version-b74fe6c2e13c

How to cross-chain MDX to BSC: https://mdexofficial.medium.com/how-to-cross-chain-mdx-to-bsc-14a3ec0a07a5

You can search for more guides in our gitbook https://mdexdoc.gitbook.io/doc/yong-hu-zhi-nan

Done.

Andrés M. | Satoshi Club:
What about staking and farming services? Are they different depending of the device?

Gold Rocket | Satoshi Club:
Good guides! Please study, Satoshi Clubbers 👍

MDEX:
We have some Operational Guides on our staking and farming.

How to join the liquidity mining on MDEX
https://www.youtube.com/watch?v=_Int6d6exgg

How to join the liquidity mining on MDEX（smart phone）
https://www.youtube.com/watch?v=G9PAgd9qWoI&t=17s

How to get MDX reward by long term staking in boardroom sector on MDEX
https://www.youtube.com/watch?v=YH6kLSb5PBM

How to perform trade mining, mobile version: https://www.youtube.com/watch?v=XFHC4dIlSqM

How to perform liquidity mining, mobile Version: https://www.youtube.com/watch?v=F-2EunsnNLg

Andrés M. | Satoshi Club:
Thank you, personally, staking and farming are my favorites features

Gold Rocket | Satoshi Club:
Thanks for your answers.

Let’s proceed to the next question.

MDEX:
Same here 😅

Q5 from Telegram User @Jonahapagu**
MDEX decided to launch Boardroom on February 3, 2021, and on April 11, 2021 MDEX launched boardroom for Binance Smart Chain(BSC)..I see that the boardroom has features such as; rewards, repurchase and burn, and the burning black hole…. So what are these features of the Boardroom in MDEX all about, how do the features work, and how can users participate in the gain rewards from the boardroom….

MDEX:
MDEX launched the Boardroom Lock-up function on July 17, marking another step towards DAO. Up to now, the MDEX’s double-chain lock-in market capitalization has exceeded $600 million, MDX lock-in rate of 89.62%, MDX with more than 30-day lock-in volume accounting for 62.93% of the total circulation, and only 6.4 % of actual circulation of MDX.

MDEX has been maintaining outstanding performance because of its premium products. On the one hand, it creates differentiated liquidity mining and transaction mining functional value for its users. On the other hand, the Boardroom staking lock-in gives users more rights and interests, allowing MDX holders to enjoy long-term ecological benefits and governance rights

For the 365-day lockup of MDEX boardroom, the APY is over 500%, and users can choose to lock up their assets for 30 days, 90 days, 180 days, or as a demand deposit. Although the lock-up APY might fluctuate, it is still ranking on top among its peer products on the market.

Done.

Gold Rocket | Satoshi Club:
Wow! Great APY😁🚀

Andrés M. | Satoshi Club:
A great reason to buy the token. Btw, which other exchanges can we find MDX? Do you have partnerships with other exchanges and projects?

MDEX:
You can buy MDX on Huobi and Binance 😊

Andrés M. | Satoshi Club:
Excellent😁

Thank you so much for your answers, 6th question is knocking the door 🥳

Q6 from Telegram User @Lestmarisv13
The Hunter Plan is the MDEX Foundation for Global Ecology’s development support plan. The Hunter plan totals $ 10 million, prioritizing funding projects that share the MDEX philosophy, including high-quality projects like Metaverse, DeFi, GameFi, and NFT. What are the objectives to be achieved by the Hunter plan? How does the Hunter plan work? Who is this plan aimed at? Can you briefly introduce us to the Hunter plan?

MDEX:
The Hunter plan is the MDEX Foundation’s development support plan for the global ecology. The Hunter plan has a total of $10 million, giving priority to fund projects that share MDEX’s philosophy, including high-quality projects like Metaverse, DeFi, GameFi, and NFT. The main goal of the Hunter plan released by the MDEX Foundation this time is to continuously consolidate the platform business, enrich the platform transaction diversity, provide financial support for high-quality projects, and assist project parties to expand broader ecological resources, and fundamentally promote the entire ecosystem develop. The MDEX Foundation released the latest information on September 1. It announced that on the basis of the Hunter plan of 10 million US dollars to support ecological projects, an additional 20 million US dollars will be used to support the high-quality ecological projects in the initial issuance stage, like the Huobi Ecological Chain (Heco) and the Binance Smart Chain (BSC). These ecological projects in the initial issuance stage supported by the MDEX Foundation will have an opportunity to be issued on the MDEX IMO (Mdex initial offering) sector. At that time, the users who hold MDX on the MDEX platform can receive air-drop of the project tokens through the lock-up MDX mechanism at 0 cost.

The project parties can submit an application to MDEX. After review being passed, they will gain as follows:
(1) MDEX Ecological Foundation will increase $50,000 liquidity to the project on MDEX;
(2) If TVL is greater than or equal to $50 million for 7 consecutive days, MDEX Ecological Foundation will increase $150,000 in liquidity to the project;
(3) After projects attain over $2 million in liquidity and $3 million transaction volume, there will be a chance to open liquidity mining rewards, and the platform will increase another $300,000 in liquidity to the project.

You can also check the specific plan details in the official website announcement: https://mdexdoc.gitbook.io/doc/announcement/mdex-foundation-releases-usd10-million-hunter-program-to-help-ecological-projects.

Andrés M. | Satoshi Club:
Very noble cause👏👏

Is there a deadline to submit the application?

MDEX:
No.

Thank you 😊

Gold Rocket | Satoshi Club:
Thanks for your great answers!

MDEX:
My pleasure 😊

Part 2 — live questions from the Telegram community

Q1 from Telegram user @MdLuffyo
Is $MDX a deflationary coin? I noticed one of your use cases is “Rebuy and destroy $MDX”, can you share with us why? Do you have a burning and staking system for $MDX, what are your rates?

MDEX:
We do allocate some Mdex of our daily platform income into the repurchasing and burning pool, the allocated funds are used for repurchasing and burning the MDX. Whenever the market price is lower than the 3 days average price, our smart contract gets triggered and the repurchasing and burning will be automatically executed. If the actions are not triggered, the tokens will continue to accumulate into the repurchasing and burning pool.

Q2 from Telegram user @Rakshitx5
Is there any Ambassador program going on? Or any other way to contribute to the Mdex. I am also a strong Hodler of MDEX.

MDEX:
We launched our M-angle recruitment program which is same as Ambassador Program to help us create awareness in other regions.

M-Angel is a long-term personal partner of MDEX community, helping MDEX to build and care for an MDEX brand that continuously transcends the past, challenges the future, and focuses on the present details.

M-Angels can contribute any valuable resource to MDEX could be rewarded with MDX tokens or other forms of incentives for their contributions.

According to the monthly score, M-Angel ranks Navy Blue, Sky Blue, and Blizzard Blue in order, and the ranking rises or falls according to the monthly activity and contribution value.

You could apply to be our M-angels if you could contribute content output, publicity channels, user cultivation, technical cooperation, or you are an influencer.

By doing so, MDEX will give you reasonable token returns, and you have the chance to become a project ambassador, get special invitations for online and offline activities or participate in DAO governance.

If you are interested, please check out the details here:
https://mdexdoc.gitbook.io/doc/activity/mdex-is-launching-its-second-round-of-m-angel-recruitment

Q3 from Telegram user @nitrogenpower
Are there any plans for MDEX to create an NFT marketplace in the platform?

MDEX:
Yes, NFT business will be carried out about Mdex mascot in the future. For more information, please pay attention to our group notice which will keep you informed of the whole progress.

Q4 from Telegram user @sweetdoge
How can I join the liquidity mining on MDEX with my smartphone is it possible to join with phone?

MDEX:
Here is the guide on how to perform liquidity mining on mobile devices

How to join the liquidity mining on MDEX（smart phone）
https://www.youtube.com/watch?v=G9PAgd9qWoI&t=17s

How to perform liquidity mining, mobile Version: https://www.youtube.com/watch?v=F-2EunsnNLg

Q5 from Telegram user @Ratash97
Is the MDEX Bug Bounty Campaign still running and how can we join?

MDEX:
Yes. We have our bug bounty campaign. Developers participating in the bug bounty campaign will receive MDX rewards ranging from 60,000U to 6,000U, making a total of over 120,000U. All rewards will be distributed in the form of MDX tokens.

In addition to severity evaluation, the impact of the vulnerabilities found and the difficulty level of finding such vulnerabilities will also be considered when deciding reward levels. You can visit our website www.mdex.com for more details on our bug bounty campaign.

Q6 from Telegram user @Nonerlike
A good project has a good use case and utility. What is the use case of $MDX, can you mention some??

MDEX:
MDX token is a utility token which is the core medium of exchange token of MDEX, MDX can be used as Governance tokens. It’s a community-led decentralized project that can be used for community governance of MDEX to make decisions on major issues in the community. Such as voting on transaction fee ratios, review of other important rules, and the decision to achieve deflation in the face of periodic repurchase and burn of tokens.

Q7 from Telegram user @Einsteinyl
People always check about safety and security from DEX because much hack issues right now, I would like to know-how if the safety from MDEX project? How did you make sure that you are secure?

MDEX:
Mdex smart contract is safe and well audited by a reputable auditing firm such as codeSafe, certik. User’s funds are secured and users don’t store their funds on our platform, they have control of their funds. You can check our audit report on our website www.mdex.com .

Q8 from Telegram user @Indomiekuy
I think MDEX is a great and good project but can you explain what makes MDEX special from a similar Decentralized exchanger? What feature can attract people into MDEX?

MDEX:
Mdex has a very low transaction fee to compare to other Decentralized exchanges and currently we have some unique features which make mdex an outstanding Dex from its competitors. Some of the features are Transaction mining, repurchase, and destruction, board of directors, and annualization remain very high.

Q9 from Telegram user @Zohaya
Is there a minimum amount to stake in MDEX?

MDEX:
No. There is no minimum amount, you can join the staking with any amount.

Q10 from Telegram user @tatarrama
PARTNERS are the most important stakeholders that strengthen the ecosystems of all projects. Could you tell us about MDEX’s partners and the partnership strategy it has adopted?

MDEX:
Yes, I agree with you about cooperation and partnership are important for the success of the project and this is one of our priorities. We already have some partnerships and also working on more collaboration and partnerships with some valuable firms that will provide long-term sustainability for the project. You can check our website to find our existing cooperative partners https://mdex.com/#/

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of MDEX. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
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