We are pleased to announce our next AMA on October 21st 2021 at 05:00 PM UTC Time: Satoshi Club x HarpSeal
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join HarpSeal Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. HarpSeal Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about HarpSeal
For more details:
HarpSeal Website – harpseal.finance
HarpSeal Telegram – @harpseal_finance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Many consider that AMM projects are the heart of decentralized finance, which is their opinion on the matter, these projects generally require a high management of liquidity, which are their strategies to guarantee liquidity and achieve long-term sustainability and not disappear prematurely due to lack of funds and inexperience?
There is some aspect or point of relevance in which we can compare HarpSeal with the operation of traditional markets, tell us about the total supply of tokens and its distribution mechanisms and fundraising techniques, what are the options that a holder of tokens to receive rewards and what is the suggested time to start obtaining farmer performance?
What motivated them to create their structure in BSC, does this chain provide some special financial or strategic characteristics compared to other chains, how can you start cultivating how many farms and pools you have available, do they have a program of ambassadors and referrals, how much is owed Invest initially to participate, what is the real price of your token and what factors does its revaluation depend on?
Your lottery program will be coming soon, however, I couldn’t find any info that specifies what this program will be like. What is the lottery-like? Is it done by purchasing tickets, or by other random methods? Is there a percentage of the tokenomics dedicated to lottery rounds? Will it be a permanent feature or will there be lottery events once in a while?
HarpSeal will use all LPs to generate revenue. These proceeds will be used to stabilize currency prices and liquidity pools. These benefits will be processed automatically by our team on a regular basis, and you do not need to pay additional GAS. How does the HarpSeal Vault Farm work? What benefits does a vault farm offer?
We use harvest lockup based on time. Harvest lockup is a unique rewards lockup mechanism used to limit the frequency of harvest. What is crop lock? What advantages does this type of locks offer? avoid esting and dumping?
If something happens to HarpDeal’s frontend such as a DDOS attack or a temporary outage, farmers can still withdraw their tokens by direct interaction with the MasterChef contract. Call the emergencyWithdraw function with the farm or pool id listed below to withdraw your staked tokens. What is Call the emergencyWithdraw? How does Call the emergencyWithdraw work? How does Call the emergencyWithdraw protect the user?
I fully understand that in order to avoid price manipulations, HarpSeal has an Anti-Whale feature where transactions more than 1% of total supply will be rejected. This is great, however, I’ve also learnt that the maximum supply of your token is unlimited. As your project develops as well as the token’s supply increases, will this Anti-Whale feature corresponds to the supply too? As the supply grows, will the transaction limit follows too?
To prevent farming arbitrage bots from constantly harvesting and dumping, HarpSeal decided to impose a harvest schedule from its farming pools. Harvest Lockup will be set for 6 days, preferably from Thursdays to Tuesdays, and users can only harvest on Wednesdays. What will happen if a certain user forgot to harvest his/her earnings on the schedule date? Can he/she still claimed that unharvest SEAL tokens week on top of the new earnings?
Upon looking on your farming pools or “Seal Farms”, I’ve noticed that the coins involved are on the top 10 coins from cryptocurrency rankings, BTC, ETH, ADA, USDT. XRP, LINK and so on. Was this really HarpSeal’s intention, initially offering its users farm pools from the top 10 coin? Do you plan on featuring other tokens as well, specifically those that are new and low cap tokens/gems?
HarpSeal Finance, allows users to generate rewards just by recommending other users to start on its platform and thus generate 3% in rewards. Let’s say I refer 5 users during the day, can I generate this 3% five times a day or can I only generate it once? Could you explain me this reward system?
The roadmap that HarpSeal Finance maintains, talks about allowing to send HarpSeal to Coinmarketcap, Coingecko, DappRadar, BscScan, etc? How soon can these audits be incorporated into your project? Will there be outbound fees for each shipment to these destinations? Can you give us more details about the other integrated audits in your launching stage? Thank you
HarpSeal has an Anti-Whale function in which transactions of more than 1% of the total supply will be rejected.What would be the advantages and disadvantages of this function and according to its Anti-Whale characteristics will it also correspond to the supply? a transaction limit?
Harpseal is planning to create a lottery-related program coming soon. Could you tell us a bit and explain a little what this program is specifically about? When you talk about lottery you talk about rewards, prizes. Is there a percentage of the tokenomics dedicated to lottery rounds? Will it be a permanent function or will there be lottery events from time to time? Could you mention us some of them? Does this project have a gambling plan? Why does it allow the creation of multiple wallets? Will you keep restrictions when entering? Can anyone who enters can buy items from your market?
Since each transaction cannot exceed the Maximum Tx Amount in SEAL and it was stated that it is always changing, could you please specify what are the parameters being considered while deciding on it?
Harpseal Finance have a very interesting Referral Program which your described in your Docs “as a unique On-chain referral program” that lets users earn $SEAL without depositing any tokens but only need to refer other users to stake in Farms and Staking Pools and will earn 3% of their farming rewards forever. I’m interested to know if there any terms or conditions required to participate in your referral program. For example, do I to hold $Seal token in order to participate in your referral program or is it opened to just anyone? holders as well as non-holders of $Seal token? Also, how do you intend to encourage long term holding and prevent sell offs of referral rewards amongst participants of your referral program?
I discovered that Harpseal Fair launch will be coming up on Friday, 22nd October. So, Can you give us a more details about this launching?
What makes Harpseal Finance different from other fair-launched and deflationary yield farming ecosystem on Binance Smart Chain, like Jetfuel Finance for instance? How do you plan to attract users to your platform?
I am interested in knowing the security systems used in your platform, in the Audits section they mention TechRate, Certik, Hacken, MythX and others but there isn’t really a link to access to these documents and see the vulnerabilities that have been corrected, could you share it with us? How much funds do you use to prevent attacks on your platform?
In your documents you mention a deposit fee of 4% for non-SEAL farm / pools and 0% for native Farms / pools, can you tell us the final destination of these commissions? Will they benefit your holders in any way?
I interested you
According to your anti-whale policy, transfer more than 1% of the total supply will be rejected. Imposing a maximum transaction limit has become a common technique used by several projects to highlight that they have an anti-whale policy. However, this method may not be 100% effective because whales can easily overcome this limit by using multiple accounts. Did you think about this possible issue? If whales somehow purchase a large amount of your tokens and sell them within a short period of time, do you have any plan to cover the losses of small investors? In addition to this common mechanism, do you use any methods to prevent whale activities?
You have imposed a deposit fee of 4% for non-SEAL farms/pools and there is no deposit fee for native farms/pools. Further, 75% of this fees will be used to Buyback and Burn. Since there is no fee for native farms/pools, you get this 75% only from the deposits to non-SEAL farms/pools. My question is, as a token with an unlimited supply, is it enough to allocate 75% of the deposit fee from non-SEAL farms/pools to Buyback and Burn? How do you pump the $SEAL price with this small allocation?
It caught my attention that you offer an emergency withdrawal option if something happens to HarpDeal’s frontend. Could you please deeply explain about the situations that we can apply for this emergency withdrawal? Further, you have emphasized, “You will lose the rewards if you make an emergency withdrawal. So, you shouldn’t try this function.” What do you mean by this notice? If something happens to HarpDeal’s frontend, do investors lose all their rewards? Don’t you have any option such as an insurance to recover the losses?
The Total Value Locked (TVL) of $SEAL is $2,424.7.How can users track your TVL?Will the TVL help yield farmers to actually determined the actual yield they received?TVL normally goes up,so what will cause HarpSeal TVL to go up?Will it be the TVL rises thereby to gain liquidity,popularity or usability or there some factors you will like to share as regards to what will will increase your TVL?And does your platform calculate the estimated returns in terms of APY?And what is the % APY for farming in your platform? Thanks
One obvious risk of yield is smart contracts due to the nature of DeFi,many protocols are built by small teams with limited budgets which can increase the risk of smart contract bugs,even platforms that are fully audited becomes vulnerable to bugs.Since you have being audited by Techrate,what other security measures will you implement for the safety of users fund since their tokens will be locked for a period of time?And since DeFi protocols are permissionless and can seamlessly integrate with each other,how will ensure that HarpSeal ecosystem won’t suffer when one of the platform its integrated to doesn’t work as intended? Thanks
HaperSeal as the lastest AMM decentralized exchange running on Binance Smart Chain with lots of unique and creative features,there are few disadvantages associated with AMM which are High Slippage/Impermanent Loss.Since AMMs reply on paired assets pooled together and priced according to an algorithm,how will ensure that there is no price disparity between assets that can add to slippage risk?What strategies have you provided to mitigate Impermanent Loss so that liquidity providers depositing paired crypto assets in your pool won’t be subject to Impermanent Loss? Thanks
In addition to the AMAs, how do you try to involve the community? Do you have any initiatives to attract members and investors?
HarpSeal has a Referral Program
in which we invite our friends and we can earn 3% of their earnings forever. So,does this 3% remains constant as we invite many friends in HarpSeal? Is there a maximum number of friends we can invite or we can invite as much as we can? Aside from this 3% what other benefits are being offered with this Referral Program? If you reward the one who refer,how about the new users or the friends being invited,what incentives or welcoming reward or bonus are waiting for them? Thank you
As an investor,I know that some project show a good impression at first to attract more inevstors but as time goes by the price of the tokens suddenly dump and in what I have read in your telegram that HarpSeal project is the right project to invest in and if we are looking for a project where we can make huge profit from what we invested, it is $SEAL. So,how can you assure and prove that Harpseal is the right project to invest with and we can make a huge profit from what we invested? Many project also promises that but how would Harpseal take their promise into action? As we know every penny we earn is important to us so in what possible and legit way we can make a huge profit by investing in your platform? Any use-cases of $SEAL to sustain the volatility in the market? Thank you
About your staking; the APR of your staking pools are really high. Will the value of the APR be fixed? If not, what factors does the APR of a particular pool depend on? What is the minimum and maximum a user is able to stake in each pool? What is the minimum time a user is able lock their tokens?
There are some features that HarpSeal uses. They include; “Harvest Lockup”, “Automatic Liquidity” and “Automatic Burning”. Can you explain more about these features? How do they work and how can HarpSeal and its users benefit from them? What are the problems that they are designed to solve?
Without buying the $SEAL tokens, I Can earn $SEAL tokens by inviting my friends & recieve 3% of their earnings forever. Can you talk more things about this referral program? Is it consisted with different tier system based on the amount of referees so that users can earn more profit by referring friends? However, most platforms promise extra bonuses in referral program to increase their community & investors. What about the HarpSeal platform in this matter? Will you provide some incentives in addition to 3% profit for referrers?
I saw that HarpSeal has an Anti Whale feature. I understand that the Anti Whale feature works by restricting the transfer of a particular % of the total supply of the token. What % of the total supply of HarpSeal token($SEAL) is restricted for tranfer? Is the % fixed? Are your farms subjected to such restriction?
Are there deflationary measures to be carried out to maintain the value of $SEAL token? What are the use cases of $SEAL token?
During past months, I saw that Most of the Yield farming platforms integrate an anti whale system to their ecosystem in order to avoid the price manipulation on their native tokens & HarpSeal has also followed the same path. Can you share more details about HarpSeal anti whale mechanism? Conversely, You will have an advantage due to the whale attacks. For an example, You will have the transaction fees. What ia your opinion on this matter?
HarpSeal platform intends to incur a 4% deposit fee which involve in farm pools. Usually, It is ok with transactions fee but Why do you decide to charge a fee from deposits in Farm pools? Can you explain about this deposit fee? What will you do with deposit fees, Will the fund be used for marketing or will you burn them? Will this deposit fee lead to attract lack of users to the HarpSeal farming pools?
Greetings HarpSeal, How does your referral program work, how does it allow users to earn $ SEAL? What is the requirement that the referral must meet? So that the one who invited him can win SEAL token and what would be the percentage that he would earn if my referral meets the requirements and for how long can the referral give profits to the user who invited him to the project? You can give us more details about the referral program