We are pleased to announce our next AMA on October 27th 2021 at 11:00 AM UTC Time: Satoshi Club x Aladdin DAO
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Aladdin DAO Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Aladdin DAO Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Aladdin DAO
For more details:
Aladdin DAO Website – aladdin.club
Aladdin DAO Telegram – @aladdin_dao
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
It caught my attention that while reading about Aladdin DAO I saw that there are three main roles users can fulfill on the platform; Talent Hunters, Boule Members, ALD Holders. That being said, I was wondering if you could tell us a bit more about each one of this roles? Specially about Talent Hunters, because I saw they are considered the starting and initially supporting system of Aladdin DAO, so, who are they exactly, how are Talent Hunters selected and most importantly how do you make sure they are really qualify for this big role? What kind of functions do they really fulfill within Aladdin DAO’s platform to be considered as important as they are? Also, what benefits does someone get from the “Talent Hunter” title?
It caught my attention that a few days ago, AladdinDAO unveiled their newest product; DAOFI, “where you can bring intelligence to the forefront and link it directly to your earnings”. So, with that in mind, can you tell us more about this new product of yours? How does DAOFI exactly work? How will it be possible for users to bring “intelligence” to the forefront and also, what do you exactly mean when you refered to intelligence? What will people need to do to start using DAOFI? Also, What kind of advantages will users recieved from AladdinDAO and DAOFI they won’t be able to get on any other platform?
The alladinDAO Boules are made up of what kind of individuals,what are their experiences, expertises, and contributions to AlladinDAO
AladdinDAO, how many members does the Boule Committee consist of? And by what criteria are they nominated? Who are the Scouts and how did you identify them? How do you expect ALD token holders, especially those new to crypto, to decide on the qualifications of Boule members? By what criteria will they vote?
If I get it right, the purpose of AlladinDAO is to shift crypto investments from venture capitalist to wisdom crowds through collective value discovery, what is the AlladinDAO Boules trying to accomplish with this, what method will they use e.g will they start by researching their audience needs? Will you use phases for design, development, implementation, pilot testing or rollout?
“Farm with DeFi Big Brains” is Aladdin DAO’s slogan. Does this mean that this is a protocol meant for crypto/farming experts or does it mean we get a top-notch platform that will raise said big brains? I am new to crypto, so it is important to me to know about these things since I do not wish to invest, and then understand nothing about the platform, so would you elaborate and explain how newbies like me can grow with your project?
I read that with the tools provided by Aladdin DAO, users can become experts in a new DeFi economy and build a reputation based on track record. This has caught my attention, as DeFi platforms are characterized as being complex to manage. Can you explain what is the reputation scheme you have designed for your project that users will be able to adopt? What benefits will those users who have the highest reputations have? Thank you!
One of the most important aspects of a DAO platform is the transparency and trust of the community. What are the tools you have developed within Aladdin DAO to ensure that the votes and decisions of the community are reflective of the majority? Is this model auditable and verifiable in real time? How does Aladdin DAO work with respect to this particular issue? Thank you!
What is most impressive to me about Aladdin DAO is their AladdinDAO Boule. Please elaborate on the purpose of this group. What is the direct impact they have on us, the community, and investors? As they are the experts on this platform, can we get direct help and advice from them, aside from their general contributions? Also, are their identities public? How do you evaluate them and their decisions, and do you accept new members?
Last August, Aladdin DAO conducted a “Metaverse Treasure Hunting”, where participants need to hunt for the 5 gold coins hidden within AladdinDAO Hall in Decentraland. Winners are rewarded with prizes and $ALD tokens. I would like to try out this event and participate on it, so will you be conducting another round of this event in the future? If so, when do you plan to do it and how can we participate?
In terms of the “Technical Implementations” for project Listings, this will be managed and conducted by the
“Strategy Developers” within AladdinDAO’s ecosystem. Is there a separate application for becoming one of your Strategy Developers? Do users who wishes to become one must comply with AladdinDAO’s standards? How how you choose to appoint your Strategy Developers?
I see that aside from the becoming a standard Boule Member, users can be part of a higher tier called “Boule Plus Members”. Although users who wishes to become one must pass any one of AladdinDAO’s quiz, provide a verified Twitter handle and stake a certain amount of $ALD. Can you go into specifics about this membership? When do you conduct the quizzes for this role? Also, how much tokens must be staked?
AladinDAO is initially supported by a group of legendary DeFi veterans who acts as the first batch of Talent Hunters for the DAO.Tanlent Hunters can recommend potential Boule candidates for the DAO
Talents Hunters are incentivized to attract talents with best performance records records to fulfill the purpose of the DAO.Each Talent Hunters can invite up to 5Boule members and it can include themselves
My question is,What kind of Talents are these Talents Hunters hunting for?It caught my attention to know that incentives are given to Talents Hunters to attract best performance,are this incentives inform of tokens,NFTs,or $ALD? Each of the initial Talents Hunters can invite up to 5 Boule members,Why the minimum of 5?If more than 5 Boule members are invited does it pose any threat or risk?
AladdinDAO rewards those who are who are dedicated and committed to your achievements in new project discovery,research and analysis, decision-making and management,and community building.My question is,what then happens to those who do act in an honest manner?Wills there be any form of punishment given to these ones?And If I am to be part of the Boule members will I need to sign up any job contracts whatsoever?Since your project brings to together brightest brains to find outstanding initiative to what will benefit the community.Are there any requirements for users to be a Talent Hunter,Boule member or Strategy Developer? Thanks
AladdinDAO rewards those who are who are dedicated and committed to your achievements in new project discovery,research and analysis, decision-making and management,and community building.My question is,what then happens to those who do not act in an honest manner?Will there be any form of punishment given to these ones?And If I am to be part of the Boule members will I need to sign up any job contracts whatsoever?Since your project brings to together brightest brains to find outstanding initiative to what will benefit the community.Are there any requirements for users to be a Talent Hunter,Boule member or Strategy Developer? Thank
AladdinDAO will adopt mechanisms to search for talent across the entire community over time.My question is, what attributes will you be looking out before one can become either a Boule member or Talent Hunters?What kind of mechanisms will you deploy to search out talents from the community that will benefit AladdinDAO at large?You also plan to build a decentralized investment engine to “harness the wisdom of crowds” as human society is swarming into the crypto world.What do you mean by “harnessing the window of crowds” swarming into the crypto world?Please kindly clarify that.Thanks
To attract and reward talent from the entire DeFi community, 2% of $ALD will be distributed from Option Reserve to Boule Plus members who have made the correct votes on an epoch basis.My question is,Can you tell us what this Option Reserve is?Since you made mention that any one can join Boule Plus but with some requirements like passed at least one of AladdinDAO’s quizzes and to stake $ALD.How often is the quiz held?Will the quiz only take place when some few members show interest or you get the quizzes done and you choose the talented ones who got all quizzes correct?What is the exact amount of $ALD will one need to stake before being part of the Boule Plus member? Thanks
After launching the Boule. Council you were proud to launch yet another,the Boule plus,this is a permission less community where any member stake $ALD and participate in the liquidity curation game,just like Boule council.Your aim is to involve as many community members as possible in your DeFi experiment,and to involve more community members to contribute and share in AladinDAO success.creating an open house for more community members is appealing.
Wouldn’t this method attract whales to this project?If such occurs, what mechanisms will be implemented to tackle it? When you say “permission less”what do you mean? elaborate please.Is it safe and reliable?
I noticed that for a member to join the Boule plus,5000$ will be staked to receive $ALDPLUS.can you please explain why the amount is “fixed”? Can there be a reduction of percentage to enable more holders to join?
Anyone who holds ALDPLUS for more than 3 months is entitled to an NFT.when a Holder holds ALDPLUS below the duration of 3months are there any packages or rewards that await such one?
Aladdin DAO states that boules make them different from other projects. The boules is supposed to play a role of elective brain of the whole platform. The boules members will be elected based on the performance of their selected projects. Here comes the first question: the success in crypto might be as fast as rise of a sun and lasting as sunset, someone who is successfull today might loose everything tomorrow, so how long will the boules member mandate last? If the elections are repetitive, what is the period between them? Does the community loose the right of vote once the boule is formed? Thank you!
As per the presentation of Aladdin project, we can see that you do not create any product or ecosystem itself but plan to reinvest in already started or new projects. That means that the value of Aladdin token will directly depend on success of other projects. Let say your portfolio composes 10 projects, do all of them have the same value over Aladdin token? Meaning if one of these 10 projects dissapears tomorrow Aladdin token will lose 10% of its value? Or you are planning to invest applying more complicated models? Thank you!
I read that Boule Members earn AladdinDAO tokens (ALD) as results of their participation in the DAO. In addition to participation, what other aspects are evaluated to determine the amount of ALD tokens that each member can earn? Will those members who participate more frequently receive more ALD tokens or will those whose participation is of higher quality receive more tokens? Is quality or quantity more important to you?
You mentioned that you launched Boule Plus with the intention to involve as many community members as possible in your DeFi experiment. What is the difference between the members of the Boule Council and those of the Boule Plus? What are the benefits of being part of Boule Plus for users? Can a user be part of both programs simultaneously?
Hello AladdinDAO team. According to what I read, one of the requirements to be able to receive the Boule Plus rewards is that users must stake at least 5,000 ALD to get ALD Plus token. Can users unstake their tokens anytime they want? Won’t the tokens remain locked for a specific minimum time? What will happen to a user’s voting power if he unstake his tokens? Will users receive any penalties or will they lose their voting power? Thank you very much!
Greetings Aladdin DAO, I would like to know how to be a member of Boule and participate to earn ALD tokens? Can you explain where to participate in order to earn the ALD token? I would also like to know what talent scouts are and how to become a potential Boule candidate for the DAO? You can give us more details on these points of the question.
There are two tokens with different functions within the AladdinDAO ecosystem, the first is the ALD token and the second the ALD Plus Token. What are the different use cases for each one? Why are there two tokens within the ecosystem instead of having a single token with both roles? Which of the two tokens has the most important role within the ecosystem? Which token will determine the voting power of each member of the community?
I found out that Aladdin Dao has a Bug Bounty Program in which the scope of the bug bounty program is all contracts in the Aladdin Dao V1 contracts and the highest rewards you will give is $500k. So,can you share some other details about this program? How can anyone join this Bounty program? Do we need to have a skills or experience in finding bug to be eligible in this program? As you give the maximum rewards of $500k dollars in finding bug in Aladdin Dao V1 contracts,so how critical and how wide is the Aladdin Dao V1 contracts? Why does the rewards is so big for this Bounty program? Since this Bug Bounty Program is only covers the Aladdin Dao V1 contracts,so is there another bounty Program in the future if ever you will be having a version 2 of Aladdin contracts? Lastly,does this Bounty program is still on going until now in Aladdin Dao network? Thank you
AladdinDAO aims to be a project for “big brains”, in fact you encourage users to become experts in DeFi and construct a reputation, could you explain this reputation mechanism? How does it work and how can an user earn points and increase the records?
Your project seems to take security protocols very seriously and is audited by Certik and PeckShield which gives it a solid base of trust but they also have a Bug Bounty program, could you tell us about this program and what extra activities they carry out to help protect the environment ecosystem day by day? Do you have any anti-bot mechanism?
You mentioned that the Boule Council is the essence of AladdinDAO. The Council is consisted of top tier DeFi experts who make listing decisions on Liquidity Mining Pool and get rewarded for selecting the right project. Regarding the election of members, how often are elections held? Could a member be expelled if he acts dishonestly? How many members currently make up the Boule Council? How can we increase our chance of being selected?
The structure of the AladdinDAO is kind of intriguing, when considering the election process. One aspect of this process notes that, when new Boule members need to be added, each of the top 5 existing Boule members will be promoted as talent hunters, also if the number of Boule members need to be reduced, 5 members ranked at the bottom will be removed. This information clearly shows the lack of a voting system with addition and removal of existing members. Why is this so, why would AladdinDAO promote or remove Boule members because it intends adding new ones? Wouldn’t this cause dishonesty and rift with existing members? Don’t you think adopting this strategy alone with adding and removing isn’t entirely decentralized?
I am very curious about what Boules mean in your ecosystem, it says on your website that the Boule Plus is live and currently the Initial Boule Candidates are being elected, so could you explain what a Boule is and how important is this figure in your governance method?
It is stated that AladdinDAO will also operate a DAO Reserve, and this reserve will be made up of two parts consisting of; 10% of ALD tokens vested in liquidity mining and those allocated an initial token mining. May we know the underlining uses and general function of this Reserve, how does the DAO monitor and maintain contributions to this reserve, and how often are resources from the Reserve pool used? Also, if there is a need to increase the contributory percentage and sources to the Reserve pool, how does the DAO decide on this?
According to one of your medium article that by staking in AladdinDAO vaults, investors become community members. If stakers become a community member ,do they have the right to propose and share some suggestions and opinions in your platform? Can you explain and describer the structure and mechanism of your staking? What will be the highest APY/APR we can earn from staking in AladdinDAO? What are the other priveleges of stakers in your platform? Aside from staking,what other generating avenue that your platform is able to offer to users and to Community? Thank you
“AladdinDAO intends to identify, analyze, and provide quality DeFi projects to our community members by using a unique voting mechanism,” this piqued my interest. So, could you tell us about the one-of-a-kind voting mechanism you plan to use to attain these objectives? Also, who is eligible to participate in this one-of-a-kind voting scheme?
Partnership is one of the important factors for every project to succeed. Reading info about your project, I learned that Aladin Dao launched by a consortium of 14 founding contributors and investors who are passionate about bringing order to the chaotic crypto world. My question is What is the main goal of this collaborations?& What features of your project can this parthenership help you improve? And is there any partnership that will be established in the near future?
You stated that Aladdin DAO is the first social experiment in crypto where anyone can participate and prove to the rest of the community that they are indeed the best and brightest brains in DeFi and those who continue to perform will be rewarded for their contributions. So for beginners like me or other people who just know about crypto and want to participate, but they don’t know anything about this, how will you make them convince and understand this project? and Can you give us more details on the strategies and tactic you have to make this project a favorite choice in the community? And What are these rewards you mentioned and elaborate more of these.
I have understand by now in reading informations about Aladdin DAO that one of most important thing in your project is community. What are your unique methods and strategy to build a firm and a sustainable community? and How will you fight with the existing platforms to keep your current participants?
One interesting feature of AlladinDAO caught my attention, AlladinDAO has a selling strategy calls theta Vault where users can simply deposit their assets into a smart contract and will automatically starts running, this alleviates a majority of the gas problem because with this instead of doing 3-4 transactions per week per user, the vault will do 3-4 transaction per week per thousands of users, this is so interesting and relatively cheap. My question is AlladinDAO says funds held in theta Vault do not generate any yield aside from writing options,how will AlladinDAO fund this medium of selling?,is there a fee attach to users that will use this medium? At what % fee can users make transactions using this strategy?,will you need any special equipment or infrastructure to create and deliver this or have you done any design work?
To become a standard Boule member, users can join a higher level called “Boule Plus Members”. Users who wish to become one must pass any of the AladdinDAO quizzes, provide a verified Twitter identifier, and wager a certain amount of $ ALD. What would be the steps to enter this project? What would be the minimum to enter? Are pre-sales handled or will the questionnaires be carried out for this position? Also, how many chips should be bet?
In this project Aladin Dao was launched by a consortium of 14 founding collaborators and investors passionate about bringing order to the chaotic world of cryptocurrencies.Can you give us a modernization on the benefits that we will have according to these associations? How does your organization prepare to face these new challenges of continuing to grow, innovate, develop and thus position itself as one or the best platform? What is the main objective of these collaborations? And what characteristics of your project can help you improve this association? And is there any association to be established in the near future?
Since those interested can List there projects and get a vote of approval by DeFi Big Brains, so my question is, what share will those who list there project gain from the voters? And how genuine is this Defi Big Brain project?