We are pleased to announce our next AMA on October 15th 2021 at 11:00 AM UTC Time: Satoshi Club x Sypool
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Sypool Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Sypool Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Sypool
For more details:
Sypool Website – sypool.io
Sypool Telegram – @sypool_protocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Who are your targeted audience and customers ? What regions do you target specifically or are there any restriction to users ? Some other projects or protocol can copy the real word items too. How can you make sure it is only represented by your project ?
SYPOOL – ( Tokenization) we understand SYPOOL is a synthetic asset management protocol. SYPOOL Shares are Tokenized. Could you please explain to us what you mean by SYPOOL being a synthetic asset management protocol? What minimum shares Token is a holder required to hold in SYPOOL like in some shares capital, when is mainnet launch? Could you please tell us how staking LP tokens in SYPOOL can get double rewards from the DEX and from your protocol? Please explain to us
Some of the investors of Sypool are; NGC Ventures, Bella Protocol, Tensor Investment Corporation, Chemix Protocol, Solar Eco Fund, Evernew Capital, BlockWall Capital, Wootrade, Kronos Research and some of your partners include: Pyth Network, Parrot Protocol and LIQ Protocol. With these huge number of great investors and partners, what have these investors brought to Sypool. And what do you wish to achieve with your investors and partners in the future? Also, I read that In the future, some well-known crypto hedge funds will take the position of fund managers in Sypool. Can you please throw more light on this? Also, Sypool will have some deep cooperation with both Dex and Cex. When are we expecting this coperation to take place according to your roadmap?
Currently, some projects introduce a dual token mode for various purposes. I noticed that Sypool also has two different tokens, $SYP and $SAP. As the governance token, $SYP has several use cases and they are clear to me. My question is, what are the utilities of $SAP? Although you have mentioned tokenized fund shares, and representing partial ownership of a single pool as the use cases of $SAP, it is not clear how do $SAP holders get benefits from these features. What type of fund shares are available for them? What is the advantage of representing a partial ownership of a pool? Further, please let us know whether both tokens are tradable.
Sypool has allocated 17% from the total token supply for The Treasury, 10% for future plans, 5% for the community and 2% for consultants. I believe that a project should maintain a transparency in financial matters to be trustworthy for investors. Therefore, please explain about your future plans in a nutshell. By spending 10% of tokens from the total allocation, what type of benefits will you achieve through those plans? Further, what about the percentage of 5% allocated for the community? What type of community activities are you planning to organize? Who are the consultants? Are they your team members or do you outsource by paying a salary? If they are your team members, why do you allocate a seperate 2% when 20% of the total supply is already allocated for the team?
According to your Tokenomics,I noticed that you allocated 17% to Treasury and 2% to Consultants and 50% to Farming.My questions,What will the funds in the Treasury be used for?Who are this Consultants that are receiving 2% of $SYP and what are their role in SyPool?As for the 50% for farming,you said the $SYP token pool will be launched shortly after TGE,so when will that be or has it already taken place?And aside $SYP to be used in farming,what other LP tokens ofwill later be accepted?
Sypool plans to offer its community a large spectrum of rights and privilegies comming with a largely circulated the voting right as long rewarding system for constructive proposals. Is the rewarding system already defined as some crypto specialists might find it profitable to make part in project development advises? Thank you!
You have mentioned that everyone, not only the rich, can get access to top-level financial service through quantitative trading on chain. Could you please explain this concept? How does quantitative trading help traders to get higher-level financial services? Since this concept is new, how do you explain the importance of it and generate an awareness in the community? From the total token supply, you have not allocated any funds for marketing! Do you believe that you will be able to attract investors despite presenting a whole new concept?
SyPool is built on Solana Blockchain,recently new projects are going for Solana Blockchain.My question is,what is your reason for choosing Solana first even though have done cross-chain Interoperability to other Blockchain?And I noticed that in your allocation you didn’t say the % of transaction users can make in SyPool,So at what % can users make transaction?How efficient and proficient is Solana in terms of transactions?Since you have done cross-chain Interoperability to Binance Smart Chain,Ethereum and Solana.How will you ensure that users gain efficient transactions when using this interacting with this Blockchains?Have you check the cross-chain for bugs to ensure stability?
SyPool innovative products allows users with low-risk preferences to earn profit from the cryptocurrency smart contract.So what various risks options do you have that will enable users to earn profit from?In terms of controlling risk in SAP pool running for more than one period, you will give an assessment.So how will you evaluate the risk in SAP pool and what high risk prompt will you send to the pool to facilitate users selections?
One detail that caught my attention in your project was that I saw that the Sypool Protocol was built on SAP (Synthetic Asset Pool). So, can you give us some information about SAP? What are its functions? What are the benefits of having Sypool built on SAP, what is Sypool’s aim with SAP? How many different SAPs can we see at this stage in Sypool platform, can you tell us?
Sypool protocol involves four parties which are user, manager, exchange and oracle. The manager are said to be the starter of a pool and have been authorised to manage the tokens in the pools. How do pool share tokens holders designate mangers and who can become a manager designate? What are the preset strategies that mangers work with when setting up and controlling a particular pools and its asset? Apart from pouring or asset deposit in pool, what roles will SAP holders play in pool management, liquidation and profit sharing?
I read that the SYP token will be given as a reward for constructive proposals of the community. I have ANY doubts about this. How can we submit and share our proposals? How many SYP tokens do we need to have to submit proposals? How is the amount of SYP tokens that will be given to each contributor determined? And what percentage of the SYP token will be allocated for these proposals?
According to you, One of the achievements you have been able to actualize is to bring Quantitative Trading (Quant Trade) TO DeFi. Can you explain Quant Trading and how your protocol is able to bring this trading on-chain to DeFi investor? How have you have been able to break the trading requirement barrier for this type of trade? How are you able to keep investors asset safe and ensure that information are transparent enough for this type of trade? In what way are you going to cooperate with CEX by assessing asset collaterals or CEX credit ratings which are needed in order for you to execute this type of trade safely?
Your protocol is based on Synthetic Asset Pool (SAP) and I have seen that you have different type of SAP Pools. What is the difference between index trading SAP and trader backed SAP pools? How does token indexing works and how do they allow users with low risk tolerance to earn from crypto dealing with less risk exposure? How do SAP holders earn profits from these pools and how are these profits shared, claimed or reinvested?
It caught my attention that there are council members within the Sypool ecosystem. How is the selection process for these members? How many members are currently on the council? What are the requirements that they must meet? Do they have to have a specific number of SYP tokens? What power do they have within Sypool? And how often are these members re-elected?
According to Sypool whitepaper : Sypool is a synthetic assets management protocol, another innovation that have being migrated from off- chain to on-chain; an idea inspired by both off-chain funds companies and Packaged assets derivatives.
Please, what is Off-chain and on-chain ..?? The off- chain funds companies and packaged asset derivatives influenced the migration of Sypool from off-chain to On-chain. To what extent are the former and later influential on this great asset management protocol;Sypool..??
According the Sypool smart contract Framework; the Oracle is used to feed price for the protocol as it does for lending protocols.And also besides minting and burning,price feeding is also useful in the presentation of the live prices of each synthetic assets pool (SAP )on the website dashboard. And at first they are only priced in USDT , but pricing in ETH and BTC will be launched later. Please tell us why you are considering pricing in ETH and BTC and when are we expecting this development..???
5. After carefully study of the schematics of the Sypool Smart contract framework; I spotted “”EXCHANGE “” as where all the transaction are employed in the protocol because they could **AT LEAST assure that all the tokens will be traded instead of being STOLEN. The phrase ** AT LEAST gave me fever and fear that my token are only halfway secured by Decentralized exchanges. Please can you assure us that all tokens are protected by other security modalities aside Decentralized exchanges…?? .How does the decentralized exchanges employed in this protocol ensured that all token are traded instead of being STOLEN..??
There are two tokens I discovered in your website, SYP token which Is the governance token, providing staking gains, voting power, and community rewards which I think it suppose to be the main token of this project while SAP token is a tokenized fund shares, if I may ask, How will SAP token represent partial ownership of a single pool? What is the benefit of using the governance token, SYP to mint SAP token ahead of USDT, BTC, ETH and SOL? When will trading pairs of SAP will be established and on which exchange will it be perform? Finally, What is the relationship of SAP and SYP token in your BI-token system?
I read on your whitepaper that SAP is a tokenized fund shares, representing partial ownership of a single pool and there are three different types of it(Trader-based SAP, Assets-backed quantitative trading SAP, and Index-tracking SAP). If SAP is a token in this project, why do you provided it with different types? What is the work of each of these types and how can user make use of them without mistaking them? If the managers will be the one to select or creates an index to follow, who are these managers in your project? Is there any relationship between them and the community? In Trader-based SAP Pool, what area will it affect the manager and holders If any period has no profit or suffers a loss?
In the explanation of launching SAP Pool, it was stated that the manager will deposit a certain amount of tokens like USDT, ETH etc in order to know the minted SAP. You gave an equation that will determine the exact SAP that will be given to the user but it was not well explained, How can we practically use this formula to determine amount of SAP? I discovered SYP token in the formula, does that mean we have to be a holder of SYP before minting SAP? Where will you get fund to repurchase and burn the governance token SYP every week?
One of the features in Sypool ecosystem is the Sypool Lottery game, where users get to predict the price of $SYP token. What is the requirements for users to participate in this lottery game? Is there anything a user can do to increase his wining chance, like multiple entries? In circumference where there is no correct prediction or there are multiple correct predictions, what will be the decision? Finally how will the winning prize pool be allocated/shared?
Users, managers, exchange and oracle are the participant of Sypool protocol, this protocol is said to be based on SAP (Synthetic Asset Pool) pools. What are the roles and functions of each of these protocol participants? How is your smart contract framework deployed to ensure that the interest of every participant is protected?
Risk Control is one of the features of Sypool ecosystem that caught my attention, through this feature there will be Risk Rating, ranking of each SAP pool and high risk prompt to facilitate user selection of pool. So how is this Risk Control feature implemented? Can you tell us more about the risk rating, ranking of SAP pool and how high risk prompt help user control risk? What index does the risk control feature use to give an assessment for the risk control?
What are the main fields that make up and give life to Radio Caca, do you consider that NFT and DeFi + GameFi more than a game can become a lifestyle or the vehicle to achieve a good lifestyle adapted to the new productive culture what is forming?
Security is one of the most analyzed aspects for realuzarcina investment, tell us a little about your security code, what are the options that your participants have to obtain performance through SYP, what have been the most recent changes or updates that have been made to your technical document, can CEX projects participate in your platform?
Stablecoin could be used to mint SAP, they have considered being even more interoperable and incorporating new chains to Sypool, tell us about your mining system, how complicated it can be for new participants in these activities, when will your main network be launched in order to establish your peers What is the current price of $ SYP and how much should you invest in $ USD to be able to bet?
I could read in your whitepaper that you use an oracle to feed price for the protocol service but you don’t really specify what kind of oracle it is, have you developed a native oracle yourself or are you in partnership with any recognized service in the market? How many funds are involved in maintaining the price feed and the lending protocols?
In your whitepaper you mention two models, the first staking and CEX custodial and the second CEX’s credit mode, can you explain to us if both work individually or complement each other? What is the purpose of these two modalities and how do you plan to optimize them in the future?
Sypool implement a governance model this is made up of Foundation, Council, Board, Community and representatives. Foundation do not participate in daily governance but will be able to override governance decision under special circumstances. Can you explain how the foundation members are formed and why it is necessary that they boast that ultimate powers? Why do you have 20 members that make up the council and 6 board members while only giving community 3 representatives in governance? Why are all these categories of governance users placed on monthly salary apart from community? How will community vote and contribute proposals for project development? How will you incentive quality decisions procedure within the community?
Most recent projects in blockchain has been DeFi oriented because of its numeorous advantages. However your project is more of centralized than decentralized. Your trading and governance model is built on CEX. Why are you making use of a centralized at this period. Do you have any plans to go fully decentralized in the future?
You said Sypool will stand as a synthetic asset management protocol. But I come across a system you brought into this project (Bi-token system) which it will be a system where Governance Token (SYP) and Each Pool’s Share Token (SAP) merge together. I want you to give more information about this system? If SYP—the governance token, providing staking gains, voting power, and community rewards merge together with SAP—tokenized fund shares, representing partial ownership of a single pool, What will be the outcome of it in this system? How can the community make use and benefit from this system? Will there be a room for providing SYP-SAP liquidity in this system or what does it mean to make SYP + SAP?
Recently, you publicly announced two events which are Sypool Lottery Game and Giveaway. Under the first event you plan to give a prize pool of 10,500 $SYP which the entrance fee is 50 $SYP, apart from the prize pool and entrance given there is no other geniue information about this event, How can we successfully partake in this event, what are the rules to follow? There is form given but while trying to fill the form it says Sypool lottery game Round 2 form is no longer accepting responses, I want to know how many Rounds is provided for this event and when should we be expecting the next round?
Just of recent, Sypool protocol token was listed on BitMart and the team plan to celebrate this achievement by giving away 130,000 SYP which is scheduled for two weeks. There are three links given ( For Deposit, Trade and Details), How are we going to make use of these links? In the Deposit link, what are we expected to deposit in order to participate? Can you provide us with the full procedures of the give away? If SYP/USDT will be provide within 30 mins, When is it scheduled for, are we to use it to before or after SYP has been distributed to the winners?
The Oracle as a major smart contract framework of Sypool, has a primary duty to provide an accurate and reliable real-time price feed for each SAP pool. Considering the important and sensitive nature of this task, may we know the sources of data for your Oracle’s price feeds, how does the Oracle carefully sift and collates these real time prices for all available SAP pools? Also, it’s stated that current pools are only priced in USDT. May we know the reason behind this, and when should we expect Sypool to provide other alternate pricing methods for it’s pools?
I saw you have a well structured risk management in your platform through ratings and manager level mechanisms but it seems all very technical in your documents, could you explain to us your efforts to provide a safe and less risky environment to your users and how can these risks be customizable?
Sypool offers a system through which SAI is based on over-collateralization and liquidation-auction system with a collateral rate of 300%, could you explain in simpler words what this means? Also, what fluctuations could there be in these percentages according to the value of SAP or SAI?
Sypool platform have finished their IDO on DEXLAB & currently listed on Ascendex, Bitmart, have trading pairs on dexlab, raydium, aldrin and orca. Please share valuable details with us how Sypool IDO was going on? Since the $SYP tokens have listed on multiple Dexs, are there any kind of farming, staking protocals & LP opportunities with $SYP currently? If yes give a brief introduction about the Staking protocal, Liquidity Providing structures & the reward mechanism.
Sypool offers different arrays of Synthetic Asset Pools (SAP), corresponding to the of functions and utility they provide. With particular emphasis on your Perpetual No Loss Lottery SAP, which allows users to mint Lottery pool share tokens with their own tokens. This SAP type might look like the most profitable and preferred on paper, due it’s underlining rewards. Therefore, can you carefully explain the feature and process running this pool, what are the preferred user tokens that can be used to mint these Lottery pools, and often will the prizes and winners emerge? Will there be a minimum investment amount users are expected to meet?
You are following Bi- token system which $SYP is playing role for as the governance token, providing staking gains, voting power, and community rewards while $SAP token is for tokenized fund shares, representing partial ownership of a single pool. In here I have a doubt Since $SYP is also involved in staking gains though $SAP is representing partial ownership of a single pool. Does This mean that both of $SYP & $SAP have a valuation in the crypto markets? Which token is very imporatant in order to gain more profits? Please solve this doubt about your Bi- token system clearly?
You hope to establish the trading pairs for $SAP token in Dexs after the mainnet launch. As I think, Sypool mainnet launch is scheduled to launch in Q1-2022. So Could you give a sneak peek about the mainnet launch & establishing trading pairs? Which Currencies will you integrate as trading Paris for thr $SAP token? Do you intend to list the $SAP trading pairs in Binance exchange also in future?
You plan to have your mainnet launch and the roll out of Staking and farming programs, lottery plans and NFT rewards in the 1st and second quarters of 2022. With these events barely a couple of months from now, can we know your current level of project development, what are the events planned towards the official launch of your mainnet, and what should users and investors expect with the launch of your lottery plans and NFT rewards? How much of these NFTs will be made available to cover this program and what are some of the requirements?
When I clicked “BUY SYP”, I was directed to the Dexlab DEX and I got a notice stating that Dexlab DEX is not available to residents of some countries including Belarus, Korea, Ukraine, Cuba, Iran, Libya, and the USA. Does it mean that purchasing $SYP is also prohibited for these local communities? If yes, don’t you list on exchanges which are available in countries where Dexlab is prohibited? Do you have a proper mechanism to track token holders? If not, why don’t you list on a popular exchange soon which is available for the global community? Is there a special reason to list $SYP on Dexlab DEX?
It caught my attention that you have planned to introduce a “lottery plan” and “NFT rewards” in the Q2 of 2022. Lotteries and NFTs can be considered not only revenue generators, but also hot topics. Do you introduce them to Sypool just because of the new trends? Conversely, is there a special benefit or a relevance of initiating a lottery plan and NFT rewards? For these functions, do you use $SAP or $SYP? Please give us a sneak peek of the process of your lottery draws and the procedure of distributing NFT rewards.
Sypool uses a “Bi-token” system which is made up of SYP and SAP. Can you explain the different features of these tokens? What are the distinctive use cases of SYP and SAP? What are the advantages that Sypool and its users enjoy as a result of this “Bi-token” system?
You have introduced four types of $SAP, index-tracking $SAP, trader-based $SAP, structured yield $SAP, and assets-backed quantitative trading $SAP. Why did you introduced this mode instead of introducing a single form for $SAP? Please let us know the benefits of this mode not only from the project’s side, but also from the users’ side. Further, please briefly explain the differences between each type and what will be the most profitable option for a long term investor.
Sypool Protocol is a synthetic assets pool management built on Solana. Can you explain how sypool manages assets pools? What are the advantages that Sypool will get by being established on Solana blockchain?
For celebrating the listing of $SYP on BitMart Exchange, you have announced a giveaway with 130,000 $SYP for the Sypool & BitMart users. Is this still open for us? What is the procedure to enter in this giveaway? How many participants have already entered to this giveaway & from that How many winners will you select? Please share more details on this giveaway event. Will there be airdrops & competitions in future regarding to the exchange listings? How will we be notified if there will be giveaways within Sypool ecosystem?
I thought that the SAP pools are controlled by the LPs. But According to the methodology section of Sypool Whitepaper, the SAP pools relied on four major parties including with user, manager, exchange and oracle. Could you please describe about these parties & their contributions for the SAP pool? How will you manage to protect the interest of every LPs? An issue will be appeared talking about the centralized exchange regarding the SAP pool since they can manipulate the liquidity of SAP pool whenever they want. Do you have strategic solutions for this issue or Will you add SAP pools in DEXs only?
Researching on $SYP tokenomics, I found that 10% of $SYP tokens from total supply have been allocated for investors & 10% is divided as 2%: Seed round, 2%: Strategic round, 5.5%: Private round, 0.5%: IDO. Why did you go for strategic round while you have seed round for Sypool project’s early investors? Could you elaborate more things on these fundraising events? Were all of these rounds already completed? If yes, Tell us about these events & vesting schedules of each event? Usually Most projects offer at least 1% of their native tokens for IDO events since the retail investors also apply to invest their funds. What is the reason for allocating such a small amount for your IDO?
One of the feature of Sypool is to consider Profession in which you mentioned that qualified and sophisticated fund managers are invited and prioritized to manage pools. With better performance, they are allowed to raise their pool level. So,can you tell us how to be qualified as fund manager in your platform? How do you determine qualified fund manager? Do you have any training to enhance the skills of your fund managers to have a better performance? What are the advantages and benefits of being a fund managers of your platform? As a fund managers,does they also the one to fund their own pool? Thank you
I learnt that by staking LP tokens in Sypool, a user can get double rewards from the DEX and from our protocol. how can a new user key into this reward program. What is the minimum amount of LP token required for staking? will KYC a requirement in staking LP tokens in Sypool?
As the Sypool has Quotation feature in which it bring quantitative trading on chain. that everyone, not only the rich, can get access to top-level financial service, so how do you consider the small investors to access to top-level financial service? Can you explain more about the top-level financial service that your platform offers to the users? How does this financial service being implemented and applied in your network? What are the pros and cons of this financial service? Thank you
Regards, Sypool that makes Sypool different from other synthetic asset management protocols. what is the main function? What is the benefit to qualified and sophisticated fund managers? who is allowed, can they receive priority by being managed qualified? can you give us more details of these functions
“In addition to the simple Buy-and-Hold strategy, we also develop some other uses for SAP. Secondary Market Liquidation” can you describe more about this? why this uses cases being good fetures in your project? what benefit to user exactly?
i see that SYP has 5 ways of uses cxases: voting, farming, minting SAP, trading, salaries for the board and community representatives, basically SYP is your Governance token, so to eligible in Govern Sypool? how many amount of SYP holders need to have? and in what condition or areas holders can ask or do voting in order for development of Sypool?
“The mechanism of SAI is based on over-collateralization and liquidation-auction
system. By staking SAP in the protocol, stable coin is generated and viewed as holder’s debt
to the protocol. The collateral rate is 300%. When the value of SAP decease and the
collateral rate reaches 250%, a warning message will be sent to the SAI holder. The holder could add more SAP or return some SAI in that case to decrease the debt.” as i read this mentioned in your itepaper,
1. how effective exactly this alert/ warning message will send to holders?
2. what if the holders do not add more SAP?
3. what media will you use to alert / warnings holder right in time? because maybe the situation will run quickly before the holdrs noticed about it.