We were delighted to welcome our guest from ASVA. The AMA took place on October 18th, 2021 and our guest was @Naidupolygar .
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
Gold Rocket | Satoshi Club: Hello, dear Satoshi Club community!
We are pleased to announce AMA with ASVA
Gold Rocket | Satoshi Club: Today our guest is @Naidupolygar
Gold Rocket | Satoshi Club: Greetings @Naidupolygar 😊 Welcome to Satoshi Club 🚀
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Hi,
my name is Mallikarjuna Naidu. I am the CEO of Asva labs. Thank you for
allowing me to present Asva Labs to the satoshi community. I am glad to answer
all your questions
Gold Rocket | Satoshi Club: Nice to e-meet you ❤️
Andrés M. | Satoshi Club:Nice to meet you
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: thank
you !
Gold Rocket | Satoshi Club: We are really excited about upcoming
AMA, and what about you?😉
Andrés M. | Satoshi Club: Our pleasure😁
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: im
too super excited
Gold Rocket | Satoshi Club: Thanks for joining❤️
Gold Rocket | Satoshi Club: Let’s start! Introduce yourself
please. How did you get to be involved in crypto & ASVA
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Of
course. I started exploring blockchain and crypto early year 2017 , went few of public conferences ,
studied many of blogs to get understand about
this new emerging technology
, i imagine the true power
decentralization future by seeing major
players and industry growth then I
started organize mulitple meetups to
spread education , industry updates , talks about trending topis of industry to
the technology enthusiasts and started
building communities
i was
Worked with some of crypto statups was taking role of growth and marketing developments , That hands-on experience with how profitable
the industry can be, made me a crypto evangelist. Over the years, I have served
as a growth advisor to some crypto projects and invested in more. i dive into
DeFi and NFTs with much enthusiasm
and explored to find the missing points that DeFi need to
address , started Asva finance with my experience and visionary team to
build interoperable web3.0 ecosystem
by levaraging multi-chain capabilities we are building our ecosystem per
DeFi , NFTs and Metaverse by asva products
Gold Rocket | Satoshi Club: Give us a brief introduction to the
project. What is the essence of ASVA?
Gold Rocket | Satoshi Club: Great crypto background🔥
Andrés M. | Satoshi Club: Great experience
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Asva
Labs is an innovation lab that catalyzes the Web 3.0 revolution through interoperable,
decentralized applications. Our
ecosystem includes a premier multi-chain DeFi aggregation engine that routes
the best yields on money market services by integrating top DeFi protocols and
a launchpad & DAO funding platform dedicated to NFT, metaverse, and GameFi
projects. We also have a metaverse product in the pipeline.
Our aim to fuel introperable web3.0 revolution
Gold Rocket | Satoshi Club: these are quite ambitious goals👏👏👏
Andrés M. | Satoshi Club: All trending topics in one project😁
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: of
course
Gold Rocket | Satoshi Club: How long does it take to develop a
project? What plans do you have for the future? And what can we expect from
ASVA
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: We
completed the development of Asva Finance Beta V1 and V2 in Q3 2021. Currently
they support multi-chain yield farming and token swaps on BSC, Polygon, and Ethereum
networks. We have integrated PancakeSwap on BSC, Uniswap on Ethereum, and
QuickSwap on Polygon to enable multi-chain token swaps. In the coming versions,
more blockchains and functionalities will be integrated to take the platform to
a wider audience.
Asva
Finance IDO will be held on CardStarter, the world’s premier launchpad for
Cardano projects. This will mark one of the most important milestones in our
journey redefining DeFi for the masses.
The
research & development is in full swing to launching our poduct upcoming
visions , we have closed some key strategic collaborations, and a lot of
interesting events were launched to stir the community.
Asva
Ventures product development is nearing completion.
Asva
Launchpad will be integrated with BSC, Polygon, and Ethereum networks in the
initial stage. It will host IDOs, as
part of extending fundraising assistance.
Along with that, metaverse projects will be able to conduct virtual land
sales from Asva Launchpad. We intend to
make the IDO token allocations
accessible to retail investors and the Asva community.
Andrés M. | Satoshi Club: Excellent introduction, thank you so
much. Now we are even more excited to learn about the project. Are you ready to
go with our first community question?😃
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: sure
😄
Gold Rocket | Satoshi Club: great milestone for project😊
Q1
from Telegram User @JesusFre1tes
The
unique tokens that have been spearheading the DeFi movement for quite some
time. Developers and cryptocurrency enthusiasts are exploring NFT use cases
across industries. But still these types of assets have not yet reached the
adoption needed for expansion within the decentralized ecosystem. What is Asva
Finance doing differently to make such assets adopted, attractive and useful
for all users whether artist, creator, developer, gamer or collector? How will
NFT allow you to monetize all contributions?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: as
i said Asva Labs is building interoperable, decentralized
applications for web3.0 by leveraging multi-chain capabilities . Our first
ecosystem product, Asva finance, is built for the DeFi space. It is a
multi-chain DeFi aggregation engine that routes the best yields on money market
services by integrating top DeFi protocols on a unified interface. We will have
an engine on BSC or Polygon which will connect to different chains via
chain-specific routers through bridges. Those routers will connect to different
yield farming protocols and other AMM protocols on that chain. the
interoperable DeFi dashboard gives a bird’s eye view into 100s of DeFi
protocols and offers lending, borrowing, yield farming, investing, and
portfolio management from one unified interface.
Yes, we
also launching a product dedicated to
the NFT, metaverse industry . It will be out in Q4 2021. The platform will
empower creators, players, and builders to monetize their virtual creations
with some unique value propositions. For starters, it will feature play-to-earn
functionalities, in-game trading, virtual 3D creations, and an NFT marketplace.
Our team is
working on the developments. More details about the platform will be announced
to the community in the coming weeks. So, make sure you have joined our social
media groups for the latest news and updates.
Gold Rocket | Satoshi Club by the way, please tell us about
your team? who helps you build this project?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: yes
, As i told my about my self i will introduce my other core team
Kumarvel
,CTO
Experienced
professional holding immense expertise in subject matters relating to
blockchain technology, cryptography, cloud computing, and Information
technology services. A leader with several years of experience, Kumaravel’s
strengths lie in Strategizing, Architecting, Analysis, Designing, Requirements
Elicitation, and process modeling. He has led projects at various cross –
functional fronts solidifying their technical stack. Here at ASVA, Kumaravel
aims to upscale by building cutting-edge technological solutions in the DeFi
space
Sumit gupta
, Product manager
Experienced
professional with a demonstrated history of working as Product Manager for over
16 years with corporate giants such as TransUnion CIBIL, HSBC, JP Morgan,
Nomura, Lehman Brothers & CCIL. As a Blockchain Evangelist and Design
Thinking Practitioner, Sumit aims to revolutionize the blockchain and crypto
space with his dynamic product management experience, powering innovation
Additionally, we have a team board Strong developers ,
marketing teams and advisors holding
large exposure with Defi and NFTs space made real-time Dapps developments and
marketing operations
Gold Rocket | Satoshi Club: Real dream team 🙌🙌🙌
Gold Rocket | Satoshi Club: Thanks for your answers! Ready to
proceed to the next question?
Andrés M. | Satoshi Club: Great team behind a great project👏
Q2
from Telegram User @Pavel_Jarosh
Let’s
talk about Asva Ventures which is a multi-chain fundraising firm that brings
together promising projects and retail investors with a focus on the NFT,
metaverse, and GameFi space. Please explaing the requirements for such “promising
projects” to be selected and sponsored? Are they defined by particular sectore
of operations i.e. finance, gaming etc.? At what stage is Asva Ventures launch
at the moment? Thank you!
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Interesting
question.
We have
designed a due diligence framework for vetting applications. The key factors we
will look for are the potential of the project in the evolving market
conditions, the robustness of the whitepaper vision, and the credibility of the
team behind the project. A primary round of evaluation will be followed by
meticulous research and interviews from our team as well as our partners’. We
look into the problems addressed by the project, the technical framework,
markets targeted, product viability, business model, go-to market strategy,
tokenomics, and the token utilities during different phases of evaluation. We
offer a suite of frameworks for the growth and expansion of vetted projects.
This includes a multi-chain launchpad, incubator, and accelerator.
To answer
your second question, yes, they will be defined by the sector of operation. Web
3 projects in the Metaverse, GameFi, and NFT sectors are welcome to join.
Asva
Ventures product development is nearing completion. The audit is in progress.
Once the report is out, we will publish it on our social media pages and give
official update to the communiyt . We are planning to launch the product by the
mid of november . please get ready for big launch
Gold Rocket | Satoshi Club: Please tell us more about used
audits
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Asva
token contract has gone through a comprehensive security audit from the leading
blockchain auditing firm, Quillhash. No hidden vulnerabilities, logical bugs,
authorization issues, arithmetic over/under flows, or room for private data
leaks were found in the codes. They are coherently written following industry
best practices. Asva Launchpad is going through a dedicated audit to make sure
that our product is safe and secure for use. It will be announced to the
community through our Medium and other social media pages
with a link to the report.
Gold Rocket | Satoshi Club: Great job 👌 thanks for sharing
Gold Rocket | Satoshi Club: Safety first👏
Gold Rocket | Satoshi Club: Thanks for your detailed answers
Gold Rocket | Satoshi Club: Let’s proceed to the next question?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: of
course that is our top consideration
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: sure
Q3
from Telegram User @DK177
There
are three types of participants in the ASVA virtual ecosystem, creators
tokenize their creations, collectors purchase them, and players perform several
activities using $ASVA. My question is, how can we get the best from ASVA? Should
we become a creator, collector or a player? Further, can a single users be a
creator, collector and a player at the same time? You have mentioned that
collectors can buy digital arts and digital collectibles from creators whereas
players can play games, take a tour of our galleries, and host meetings using
$ASVA. Can’t these two groups earn $ASVA in the virtual ecosystem?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: We
have a metaverse product coming that will revolutionize the virtual world
economy. These features you mentioned come under that product. It is still in
the development phase. We will announce more details in the coming weeks.
But to
answer your question, depending on where your interest lies, you can become a
collector, creator, or a player on the platform. If you have the skills, of
course you can be all three. Creators, players, and collectors can monetize the
ecosystem.
Andrés M. | Satoshi Club: Different ways to earn profit,
excellent. Btw, talking about your coming products, could you share us your
roadmap?
Gold Rocket | Satoshi Club: And many thanks for your answers
Gold Rocket | Satoshi Club: Ready for the next question?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: yes
Andrés M. | Satoshi Club: Let’s go
Q4
from Telegram User @Cheriemike
Soon you
will have your IDO hosted by Cardstarter,but you didn’t give more information
about it.Why did you choose Cardstarter since its a launchpad for Cardano
projects even though ASVA is a multi-chain project? So have a specific date
been fixed for the IDO event?If yes,when will it be?In other to avoid
manipulation of token prices by whales/investors who hold large amounts of
tokens,will there be limit to buying tokens in the IDO?What cryptocurrences
will be used to participate in the IDO?Please kindly share with us the massive
giveaway campaign with a prize pool of 10,000 $ASVA tokens to celebrate your
ecosystem strategic collaborations you have made since inception,are Satoshi
Clubbers allowed to participate in it? Thanks
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Yes,
you are right. Asva finance is built on multi-chain . However, we have chosen
to go under Cardano’s label for the IDO. We see immense potential in the
blockchain ecosystem proposed by Cardano and how the project is evolving,
keeping in line with their vision. Also, CardStarter is a brilliant platform
with an amazing community.
The IDO
dates will be announced soon. Be on the radar.
Our
strategic vesting schedule help us avoid token price manipulations. We have a strong community
that will stabilize the prices over time through staking and LP rewards that we
are schedule to launch after TGE before
Asva launchpad and asva finance V1, V2
products launch
Yes, the
allocations will be limited as defined by CardStarter. supports ETH and USDT.
Yes, the
Satoshi community is welcome to participate in our ongoing giveaway. Find more
details here:
Gold Rocket | Satoshi Club: Don’t forget to share IDO date with
Satoshi Club please
Gold Rocket | Satoshi Club: Don’t miss great opportunity Satoshi
Clubbers 🚀🚀👌
Andrés M. | Satoshi Club: Thanks for the invitation, let’s
participate Satoshiclubbers, great prices to win 🥳🥳
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: of
course , don’t miss out the special giveaway from Asva
Andrés M. | Satoshi Club: Time to proceed with our 5th
question, our community wants to know about your partners
Q5
from Telegram User @victorogb
I
noticed you have accumulated a list of very impressive partners and investors
which includes the likes of Oddz finance, Kylin network and more. Can we know
how these formidable alliances and partnerships has immensely benefitted ASVA
Finance, what features and requirement do you consider most important when
choosing these partners and investors, and what sort of benefit does these
alliances give your community? Finally, going forward with respect to project
expansions and forging meaningful alliances, what should we expect, what are
your plans for this quater and Q1 2022?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Partnerships
are always great. Especially in the decentralized ecosystem we are working in.
When collaborating, we look for strategic value propositions that improve our
product functionalities and add value to our community.
We have
partnered with some of the top-tier projects in the industry including Kylin
Network, Parsiq, Kardiachain, Unmarshal, Oddz Finance, Raze Network, and
HyperSign to expand product features and functionalities. We are also looking
forward to adding more marketing partners to the list.
The
integrations and benefits from the partnerships will be determined by the phase
of product development.
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Find
more details about the partnerships here:
Gold Rocket | Satoshi Club: They are great partners, many of
them were at the AMA in Satoshi Club too❤️
Andrés M. | Satoshi Club: Congratulations, great names there 👏
Gold Rocket | Satoshi Club: Thanks for your answers
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Find more details about our future roadmap:
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: thank
you
Gold Rocket | Satoshi Club: Big thanks for you😊
Andrés M. | Satoshi Club: To you, it seems 2022 will be a
fantastic year for you 😁
Gold Rocket | Satoshi Club: Let’s proceed to the last question
of this part 🚀
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: of
course , we are heading up with top product line up
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: sure
Q6
from Telegram User @yellowchamp
According
to your medium article that after a meticulous audit, the mainnet of AsvaLabs
will be launched in Q4 and in the upcoming versions, the interoperable DeFi
dashboard will feature lending, borrowing, investing and some advanced yield
farming functionalities from one unified interface. So,can you give some brief
overview about your upcoming feature which are the lending, borrowing,investing
and some advanced yield farming of your platform? How would be those features
will compete with some features of other platforms? How would it give a good
passive income to investors? Thank you
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Asva
Finance mainent will be launched in this quarter with multi-chain yield farming
and native staking functionalities. In the upcoming versions, we will feature
multi-chain lending, borrowing, and portfolio management as well.
There are a
few players in the market who work around similar concepts. However, we are
building a DeFi aggregation engine that offers advanced money market services
from a unified interface by focusing on multi-chain integration. This is unlike
anything the market has seen before.
The
multi-chain solution optimizes and automates yield farming strategies for
users. It will route the best yields on top DeFi protocols on different
networks from one interface, empowering them to make research-backed decisions.
We will have an yield engine on BSC or
Polygon which will connect to different chains via chain-specific routers
through bridges. Those routers will connect to different yield farming
protocols and other AMM protocols on that chain. This advanced routing
mechanism sets apart Asva Finance from other market players.
This way,
you no longer have to scout around for efficient protocols and yields.
Andrés M. | Satoshi Club: Excellent strategy, it will increase
that adoption of AVSA between the users
Gold Rocket | Satoshi Club: this is a really unique concept. you
are great for not just following crypto trends, but also setting trends
yourself !!! 🙌
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Talking
about passive income, there are several ways you can earn on Asva Finance.
Yield farming is first. However, we also feature native staking where you can
stake your ASVA tokens and LP tokens from ASVA pools on Asva Finance to earn
high APY. ASVA staking will be offered on Asva Ventures too. In addition to
rewards, it will give you access to listed IDO allocations if it meets the tier
requirements.
Part 2 — live questions from
the Telegram community
Q1 from
Telegram User @King_Raja
On ASVA
Launchpad,
What
Opportunities Various project will have?
What all
events will be there on the Launchpad?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Asva
Ventures multi-chain fundraising and DAO fundraising platform. It expedites the
development of next-gen projects in NFT, metaverse, and GameFi by giving retail
investors access to the primary market. Our launchpad will host IDO and IGO for
emerging projects. The users will have access to a public IDO based on a
tier allocation model that guarantees token allocation. For community rounds,
we will launch events and competitions where members can complete various tasks
to qualify for the random allocationsQ2 from Telegram User@Marcos2002
In Your
Medium article I Found that Asva is conducting a massive giveaway campaign with
a prize pool of 10,000 ASVA token , Can you please tell Me How Can I
Participate in this Giveaway campaign ?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Yes,
we are conducting a massive giveaway campaign worth a prize pool of 10,000
$ASVA tokens to celebrate the ecosystem
partnerships we have made since launching. You can participate in the giveaway
by completing a set of tasks.
One of
the best things about Asva Labs is its compatibility with several chains, so
can you mention which are the all chains that you support? Also are you able to
support Non-EVM chains?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Asva
finance aims to power mulit-chain DeFi adoption. Currently we support top three
EVM supported chains BInance, Ethereum, and Polygon. In the
upcoming product versions, we will integrate non EVM chains also Solana and Polkadot.. etc
Q4 from
Telegram User @Rinhere
As Asva
Finance V1 & V2 beta Product Mainnet is ready to launch,
Please
provide more information on this?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Yes,
of course.
Asva
Finance Beta V1 and V2 support multi-chain yield farming and token swaps on
BSC, Polygon, and Ethereum networks. We have integrated PancakeSwap on BSC,
Uniswap on Ethereum, and QuickSwap on Polygon to enable multi-chain token
swaps. In the coming versions, more blockchains and functionalities will be
integrated to take the platform to a wider audience.
We are
ready to launch mainnet after in coming
months Q4
Q5 from
Telegram User @satishgmr
Two
Products that I see are
Asva
Finance
Asva
Ventures
Can You
give a short introduction on these Products?
What
other products are in Pipeline?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: You
are right.
The first
product, Asva Finance, is dedicated to the DeFi space. It is a premier
multi-chain DeFi aggregation engine that routes the best yields on money market
services by integrating top DeFi protocols. The interoperable DeFi dashboard
gives a bird’s eye view into 100s of DeFi protocols and offers lending,
borrowing, yield farming, investing, and portfolio management from one unified
interface.
Coming to
Asva Ventures, it is a multi-chain fundraising platform that brings together
promising projects and retail investors with a focus on NFT, metaverse, and
GameFi spaces. The key defining features of the platform would be DAO and
funding frameworks. From an incubator to an accelerator and a launchpad, it
offers different ecosystems to help listed projects take off and scale to their
full potential while opening up the primary crypto market to retail investors.
We have a
metaverse product in the pipeline that will revolutionize the virtual world
economy we will have updates about this in upcoming weeks
Q6 from
Telegram User @Nhairym
Tell us
about the ASVA roadmap for this fourth quarter 2021 and what we can expect from
your project for the upcoming 2022, what will be your next updates and
incentives and motivations to attract new participants and maintain an
attractive and comfortable platform for your initial investors, which Have been
the milestones and achievements raised that you have managed to solve, tell us
a little about the Asva Wizard Program and how it could influence the growing
and fierce cryptographic culture?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Asva
Finance IDO is scheduled for launch in October. We also have some exciting
product updates, events, launches, programs, and partnerships underway.
Asva Wizard
Program incentivizes crypto influencers – social media communities, bloggers,
vloggers, designers, clubhouse speakers, growth hackers, advisors, KOLS, and
anybody who has been contributing to the growth of thriving crypto sectors like
DeFi and NFT – to take the platform to a wider audience.
I see
you have an Security Audit in roadmap too. But I couldnt find any Audit report.
How can we be sure your smart contracts is free from hidden bugs and
vulnerabilities?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: yes
! please check here audit status Asva
token contract has gone through a comprehensive security audit from the leading
blockchain auditing firm, Quillhash. No hidden vulnerabilities, logical
bugs, Asva Launchpad is going through a
dedicated audit to make sure that our product is safe and secure for use. It
will be announced to the community through our Medium page with a link to the
report.
Check here ou token contract audit report from
our Document file
Asva
Finance has planned for an IDO on “CARDSTARTER”,
Why did
You chose CARDSTARTER for the IDO?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Asva
finance is a multi-chain platform. However, we have chosen to go under
Cardano’s label for the IDO. CardStarter is a brilliant platform with an
amazing community. Also, we see immense potential in the blockchain ecosystem
proposed by Cardano and how the project is evolving, keeping in line with their
visions.
I Found
that Currently AVSA has integrated
PancakeSwap on BSC, Uniswap on Ethereum, and QuickSwap on Polygon , Is Users Can expect More blockchains and
Liquidity pools in Coming future ?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Of
course. We will integrate more liquidity pools, other AMM protocols, and
support blockchains networks during different phases of product
development to give a wider range of functionalities and different network
benefits to users.
Q10 from
Telegram User @vector_190
On Your
Platform, Do You plan to bring Borrowing & Lending features for users?
Naidu Mallikarjuna | CEO Asva Labs will not DM
per investments: Yes.
Asva Finance offers multi-chain money
market services by leveraging top DeFi protocols. The current product version
features yield farming and native token staking. The upcoming versions of Asva
Finance will feature lending and borrowing along with portfolio management.
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of ASVA. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Maison Capital Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Maison Capital
For more details:
Maison Capital Website – maison.capital
Maison Capital Telegram – @maison_capital
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
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. Quarashi Russian Team will select 5 questions and answer them.
For more details: Quarashi Russian – @quarashinetworkofficial Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
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 NFracTion and our guest was @sicker_than_your_average – representative of NFracTion. The AMA took place on the 18th of October.
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
Andrés M. | Satoshi Club: Hello, community! Welcome to another chapter of our exciting AMArathon.
Paul Mont | Satoshi Club:
Today’s guest is @sicker_than_your_average! Welcome! Great to have you here! 🥳🔥
Elio Artič:
Hello everyone, glad to be here! 💪🏼
Paul Mont | Satoshi Club: Welcome, Elio! We’re super excited to know anything about NFraction!🔥🔥🔥
How’s your day been so far? 😁
Andrés M. | Satoshi Club: @sicker_than_your_average welcome to Satoshi Club, is a pleasure to have you here to talk about NFraction.
Elio Artič:
Thank you, we are super excited to share our project to your community. So far
the day was great, let’s keep the good vibes rolling. ✌🏼👍🏼
That’s the spirit!💪🏼💪🏼💪🏼
Paul Mont | Satoshi Club:
Great! Let’s start then! 🚀
Please tell us more about yourself, your background and also, please, introduce NFraction to our Satoshi Clubbers 🎉
Elio Artič:
No problem, with pleasure. This will be a longer post, so bare with me please. 😄
Paul Mont | Satoshi Club:
Haha, no worries, please take your time! 😉
Elio Artič:
Once again, Satoshi CLUB I would like to thank you for having NFracTion in this
AMA event. My name is Elio and I’m the CEO of the NFracTion project. My primary
background comes from sports training, I’m a bachelor of strength and
conditioning and also a Brazilian Jiu Jitsu black belt.
I’ve been involved in
sport training/coaching for about twenty years, I have been involved in
numerous successful projects, but in the past four years I’m extremely
enthusiastic about the crypto market and about the rise and usefulness of
blockchain technologies.
From 2017 forward I
started to involve myself in crypto asset research, market analysis and
overlook blockchain utilities.
In early 2021 I was invited to the NFracTion team and from that point forward
I’m supporting the team in order to successfully launch the project into the
Crypto universe.
Our core team has basically been together for 8 years now and we own a Digital creative & Development agency for 3rd party start-up projects in the traditional market.
After many setbacks with
ongoing projects delays during the Covid-19 situation last year, we decided to
re-evaluate “our future”.
Luckily many of our
friends and employees were already heavily involved in Crypto world and we
quickly decided to (finally) launch our own start-up project on blockchain
technology.
Soon we onboarded or
hired some advisors and additional developers and lighting-fast we were 100%
devoted to the NFracTion project.
The narrative of the projects is pretty much the same, so we didn’t have many issues adapting to Crypto project development after onboarding some advisors with much experience in the product launch process.
Team is basically assembled of Business and marketing strategists, branding engineers, and full-stack developers and we grew from 5 core team members to almost 15 working on a project at the moment. Most noticeable team members and advisors at this point are:
Alen Dolsak – Co-founder
and Business strategist
Ales Kovacic – VTO & Lead developer
Aljaz Tisler (KSM Starter) – Main advisor
Erik Clark Su (Exnetwork Capital) – Incubation advisor
Iftikhar Qasim (SL2 Capital) – Marketing advisor
Pawel Laskarzewski (Synapse Network) – Strategic (development) advisor
Kevin Abdulrahman – Strategic (Business) advisor
There are many well-known
names involved into the project and all the »crypto unknowns« are soaking in
their knowledge and experience fast. We are confident that most of the names
from the core team will get their reputation in the crypto community too, soon
after the great success of NfracTion.
NFracTion is a unique NFT Fractionalizer, that fractionalizes digital arts into puzzle pieces, which provide additional value for collectors and guarantee multiple revenue streams. The main goal of NFracTion is to create a friendly UI/UX for the marketplace, that is easy to use and manage for any user.
NFracTion delivers a
superb cross -chain marketplace for the crypto community, with main network BSC
at the launch, after that we are adopting Cardano and Solana as well.
Modernly designed with
extra care for best user experience, which makes collecting puzzle pieces fun
and provides higher revenues than standard single-piece art trading/collecting.
Marketplace will
basically allow to mint and trade all kinds of NFTs with special focus on user
experience as we strive to engage “non-crypto” users into the NFT
world too.
Fractionalized NFTs and
our unique gamified features are basically our main product and in this sector
potential is endless.
NFT Puzzle Packs
(randomly generatic puzzle pieces of NFT arts, that can be used to complete
collections or win “whole NFT art” and can be tradeable on
marketplace).
Personalized NFTs (for
now we are focused on Sports fans and personalized jerseys of users favourite
teams, but there are many upgrades to come on this feature) NFT Raffles (high
quality NFTs will be offered as a lottery pick, where anyone can buy a slot and
when its filled we randomly draw a winner/owner).
Of course we are
preparing additional services, such as Staking/farming program, Reward program,
Mobile app etc., but you can check that on our channels so I`m not too long
with my answer. 😅
Tried to keep it short and simple. 🤣
Paul Mont | Satoshi Club: Hahaha, that’s very detailed! Thank you! 😁
Andrés M. | Satoshi Club: Haha, very complete answer.
Elio Artič:
We are trying to give our best at any aspect. 💪🏼
Paul Mont | Satoshi Club:
We’re aware that a project can’t be summed up in a few sentences, and that’s
why we will be trying to flesh all the details with our community questions 😉
Cudos to the team for being completely public, by the way, 😉
Andrés M. | Satoshi Club: Congratulations for it, you’re implementing a bih ecosystem👏
Elio Artič:
Thank you. 🙏🏼
Andrés M. | Satoshi Club: Well, after this amazing introduction we are ready to proceed with the community questions. Are you?
Elio Artič:
Born ready.
Paul Mont | Satoshi Club:
💪
Q1 from Telegram User @Cheriemike
While going through your website, I noticed one of your features there which is “NFT Raffles”, but I couldn’t find any detailed information about it, so can you tell more about it and how it functions? Some platforms do have NFTs raffle tickets for purchase do you have any, if yes what is the tag price for the tickets and what benefits will be given to those who are winners in the raffle draw? What other unique features will be added to your NFT Raffles? Thanks
Elio Artič:
Great question. Here it goes.
Within the NFT raffles feature we will present partnership-based arts and it depends on the settled deals. For this reason, we can’t have a fixed schedule/plan, but we are doing our best to deliver just the right amount for our community.
Andrés M. | Satoshi Club: At the moment, who are your most important partnerships?
Elio Artič: Currently, I must point out MMAON as our very important partner. It is a platform for the MMA community which will see the light on the 1st of November.
The rest of them, because of the business nature, we have to keep them private.
Paul Mont | Satoshi Club: November 1rst is just around the corner! Great! 😉
Andrés M. | Satoshi Club: We understand, don’t forget to bring us more details and exciting announcements in the future
Let’s proceed with the next question😃
Elio Artič:
We are pretty excited also. Especially myself, coming off from a martial arts
background. No worries, we will keep you guys updated if you are willing to
check and follow our project. The team is giving out fresh information on a
daily basis on all our official channels.
Paul Mont | Satoshi Club: Thank you for the clear answer, are you ready to proceed with the next question? 🚀
Elio Artič:
Yes, Sir.
Q2 from Telegram User @MdLuffyo
What does NFracTion do to bring top artists and real collectors into its ecosystem? Unlike other NFT projects, do you intend to add value to the products instead of just increasing sales, if you have such an idea, how will you do it? Can NFracTion remain flexible in the market and revolutionize the NFT market?
Elio Artič:
We always wanted to deliver something unique & special, so we started to
think outside of the box and we came up with ideas and concepts that will
encourage participation from the non – crypto world.
For example, we are
creating a healthy and strong ecosystem with and for high-end artists which
will attract “true collectors”, who give great value on a polished
product. We want to add value to the products itself, not only boost sales as
many major players in the marketplace sector do. There is too much meaningless
dead weight on the market these days.
Having multiple years of
experience from the traditional market, we believe that we have more than enough
competencies, to build a bridge between the both worlds and offer the best of
both.
Our team is always
flexible in the best way possible and that is something that will never change.
In that aspect we always want to involve our community and market feedback for
future upgrades.
Andrés M. | Satoshi Club: Perfect, happy to know the differentiator factors of the project👏
Is your platform friendly with non-crypto artists? Or do you have guides for newbies?
Elio Artič:
Our platform is friendly to everyone and the team is ready to guide anyone who
comes aboard also.
Andrés M. | Satoshi Club: That makes NFraction a great option👏
Thanks for your answer, let’s proceed with the 3rd one😃
Q3 from Telegram User @MudaraSilva I noticed that you offer high APYs for $NFTA staking, 40% for bronze podium, 60% for silver podium, and 80% for gold podium. By introducing this type of tier, you are encouraging whales to join NFraction. What is your solution if whales stake in the gold podium and unstake their holding after one year with an 80% APY? How do you face the selling pressure? Don’t you think in will negatively affect small investors? The APY you offer for the bronze podium can also be considered relatively high. To distribute higher staking rewards, how does NFraction generate profits? Do you invest staked funds in some other platforms?
Elio Artič:
Staking podiums were long thought about and APYs were really carefully
calculated by the whole team to prevent any negative influence on token supply.
If you check our Pools,
you will see each is limited with a maximum of tokens that can be staked.
Also, there is a really
low minimum to stake, so we think basically everyone has the option to stake
their NFTA tokens.
Being limited to the
upside should take care of any potential “whales” staking larger amounts.
Of course, after a year’s
time, it is possible there will be some pressure on the price due to the
unlocks, but we believe trading volume will be large enough that it won’t have
too much of an impact.
Tokens for staking
rewards come from community incentive round which were planned from the start
to be used for something like that, so it won’t influence the ending supply.
Tokens in the pools are
locked safely and are not moved anywhere.
Andrés M. | Satoshi Club: Talking about the token, what are the main usecases of NFTA?
Elio Artič:
Our token is used to support our main feature – acquiring Puzzle packs with
them. We need to support direct FIAT payments, but in the back of the process
each pack will be acquired with a $NFTA token. There will also be lower fees
and other benefits for using our token on marketplace trading.
Andrés M. | Satoshi Club: And please share us its tokenomics features, market cap and max supply, please😃
Paul Mont | Satoshi Club: Thank you very much for sharing 🔥🔥🔥
Elio Artič:
I’ve added a PDF file with all required information. I think this is the best
way to see.
Paul Mont | Satoshi Club:
It is! Crystal clear! 🚀
Well, thank you for the exciting answers, are you ready to proceed with the next question or do you want to add something else?
Andrés M. | Satoshi Club: Checking the details, thank you💪
Elio Artič:
Ready to proceed.
Q4 from Telegram User @Asela1112
You hope to offer NFracTion Jerseys which are under the personalized NFTs minting & In here, users will be able to buy their favorite sports team’s jerseys through this feature. Can you give us a sneak peek at this upcoming feature? I know that due to potential NDA agreements you might not disclose the names, but please tell us what you can – can we expect worldwide sports teams such as in the fields of Football, Cricket in the next future, etc..? Will you incur minting fees from them or will you pay for them on behalf of using their logo & name?
Elio Artič:
We already announced a major partnership with MMA ON. The people behind are
running 15+ worldwide MMA organisations, such as Brave FC, WFC etc., as stated.
We are in talks with some
really big names for potential partnership, but due to the confidential nature
of those talks it is too soon to talk about it. Once any new partnership is
settled, we will announce it. The partnership is giving our project a great
value in terms of recognising a quality product, which is much needed on the
market.
We don’t favorize
specific sports, our concept transcends to all of them, and that is why
NFracTion is so unique and flexible.
Partnership with MMA and
MMAON came first, because of my primary background. After all I’ve been in this
game for some time now and I have many connections and references which come
handy in this project.
Regarding the “payment”
to a partner, each individual partnership is unique and so are the terms, so
there is no general answer to that question, also, most of those information is
confidential.
But because this AMA has been so great, to get a better idea, this is the sneak a peek in our concept:
🏀🇸🇮 Let`s make it a bit ballsy! We say 29/10/12 for @luka7doncic tonight.
5 hours of Slovenian lesson & 1st ever personalized #NFT is on the table. All we need is a 5 min call with you 😊
Andrés M. | Satoshi Club: Don’t forget to join Satoshiclubbers, a great event there👏
Paul Mont | Satoshi Club:
Speaking of exciting events, what would you say you are mostly looking forward
to in your roadmap/coming in the near future?
Elio Artič: Definitely adding new networks to the platform, on 19th of October we are adding BSC to the game, and of course, we can’t wait to be upfront and represent our unique NFT Puzzle packs.
Paul Mont | Satoshi Club:
It sounds great 👍
Thank you for the comprehensive answer 😁
The next question is coming in!
Q5 from Telegrams User @highpee
You said NFractions will create a cross-chain marketplace which users can use to mint NFTs and trade it across multiple chain. How will you be able to have a marketplace that will allow NFTs to be minted and traded on any chain? What are the procedures to mint NFT in your marketplace and how will your ensure that minted digital arts are the real work of an artist? How is the cross-chain architecture of your marketplace designed to enable the movement of a NFT asset from one chain to another without users being faced with Inter-Chain movement difficulty?
Elio Artič:
NFracTion delivers a superb cross -chain marketplace for the crypto community,
with main network ERC20 at the launch, after that adopting Solana, Cardano and
BSC as well. Modernly designed with extra care for best user experience, which
makes collecting puzzle pieces fun and provides higher revenues than standard
single-piece art trading/collecting.
NFracTion will always
stay flexible in some way and upgrades will be implemented due to
market/community signals and we want to seek partners, not competitors.
Paul Mont | Satoshi Club: I totally endorse this community-centered approach. After all, the community is king, isn’t it? 😉
Elio Artič:
Exactly, the community plays a big role in our ecosystem.
Andrés M. | Satoshi Club: Btw, how and where can we buy the $NFTA token?
Elio Artič:
The NFTA token is listed on Uniswap.
Paul Mont | Satoshi Club: Let me segue to your answer with the next (and last for this first part of the AMA) community question, as I think it’s kind of intertwined with the topic 😉
Q6 from Telegram User @victorogb
Taking an interesting tour of your marketplace, I noticed your collections comprised of all sorts of NFT art pieces, which are not only captivating, but really iconic. However, I noticed that your NFTs are priced exclusively in ETH. Which makes me ask, what would be the role of your native $NFTA token in the marketplace, and how do you intend to encourage the use of $NFTA for transactions within the marketplace, and what are the acceptable currencies of exchange within your marketplace? Also, most of the collections on display are pretty extensive, with some selling for as much as 10 ETH. May I know how users are expected to navigate around such constraint?
Elio Artič: Marketplace was originally launched on the ERC20 network and started accepting payments for NFTs in Ethereum. We will adopt other networks, starting with BSC and we will of course start accepting other payments options as well. NFTA token will also be accepted as a payment option, but we are currently focused on going to another (BSC) network first. We will also offer the option to pay with some stablecoins as well as FIAT currencies. Once the platform evolves, you will be able to browse the NFTs by theme, price, artist, etc.
Andrés M. | Satoshi Club: What are the reasons to adopt BSC as your new network?
Elio Artič:
We cannot control the price that artists are pinning on their work. But we
believe it will be much friendlier after we transition to the BSC. Mostly
because of the fees. ETH fees are on a next level…😵💫
Andrés M. | Satoshi Club: Completely agree, great job caring of your artists btw 😁
Well @sicker_than_your_average, this first part of the AMA has been amazing and very informative for us. We are pleased to have you here but is time to interact with our community members.
Elio Artič:
Yes, artists are a big part of the community so as stated before, we got their
backs also. 💪🏼
Part 2 — live questions from the Telegram community
Q1 from Telegram user@cly_de12 Where and How can we avail NFraction jersey?
Elio Artič: NFracTion jerseys will be held on our platform and they’ll be fully customizable, so we are eager to release this option to the community. Please check on our official channels for more information.
Q2 from Telegram user @Rakshhitx5 Nfraction will be featuring MMA sports or Mixed Martial Arts. So have you collaborated with any MMA fighters? As it will boost the marketing. So are there any plans for it?
Elio Artič: Sure thing. For now, we have listed a couple of well-known Mixed Martial Artists such as Frank Mir, Cat Zingano, James Krause, Aleksandar Rakic, Mark Coleman, Aljamain Sterling…
Q3 from Telegram user @Romanprisa Can you please guide me How Can I purchase the $NFTA Token at a very Fairer price, On which Major CEX / DEX it is Currently Listed, and are you planning to list on another public Exchanges also?
Elio Artič: You can purchase NFTA token on Uniswap, and it will be listed on CEX on 1st of November. As stated, we don’t have a complete agreement on which CEX will be listed, but the date is scheduled accurately.
Q4 from Telegram user @Tommy_UK I see that NFracTion is Moving in Gaming & Music Space also, What will NFracTion revolutionize the Music Industry? What Opportunities will have?
Elio Artič: The NFT universe is endless in the terms of expansion. Like said before, right now our primary focus is sports and sports memorabilia, but we are also developing gaming, arts, and gamified features as well.
As mentioned before our team is steadily working on upgrades and researching market/community needs. Most focus in 2022 will be on settling additional strong partnerships in the sports sector and getting involved in the gaming world, but we are most definitely not counting out other segments too.
Q5 from Telegram user @Nonerlike Can you tell us what are blockchains will a cross-chain NFT marketplace supports in the future? Do you have any medium article links to those who are newbies to your platform?
Q6 from Telegram user @Tahsinahmett Does NFracTion get audit service from an independent place? What kind of security do you provide for our funds other than audit?
Elio Artič: NFracTion project had its audits done by Solidity Finance.
Q7 from Telegram user @Harry_White_10 There are lots and lots of competition in this crypto market! How this NFracTion is enough sustainable in this crypto market and how strong is your team to develop NFracTion?
Elio Artič: We see the opportunity in creating a healthy ecosystem with high-end artists and attracting “true collectors”. We want to add value to the products themselves, not only boost sales as many major players in the marketplace sector do.
To achieve that we are preparing a supportive environment, such as mobile app, landing pages, extra exposure for active users, reward/loyalty programs, buybacks, etc.
Our complete concept is quite unique and we don’t feel comfortable comparing ourselves too much. NFT market got so BIG that there will always be enough room to cooperate and share the vision of solving the biggest problems in the sector, such as security, utility, and non-crypto adoption with familiar projects.
NFracTion will always stay flexible in some way and upgrades will be implemented due to market/community signals and we want to seek partners, not competitors.
Q8 from Telegram user @Gemshunter22 Is your staking live now? Can you provide me the website link and what is the minimum amount to stake?
Q9 from Telegram user @Faizaul Many people want to learn about your project but they have problems with English, so do you plan to spread awareness about your project in different countries where English is not good? Do you have a Marketing strategy aimed at developing many different communities?
Elio Artič: NFracTion is definitely globally-oriented since we are targeting major sports organizations and sports fan communities around the globe. Platforms main language in this manner is of course English because it is most commonly used in all sectors. But we are already connecting with many regional communities and we would love to support them in their native language. We are planning regional TG channels and the platform will be multi-lingual, but it’s too early since we just went public in late June. We need to keep track of our community and we`ll be adding languages accordingly to community growth. No worries, nobody is going to be left out due to the language barrier, we want to connect all markets for the desired goal, and that is, to deliver the best customer service possible.
Q10 from Telegram user @Titanium432 You have said that NFraction is World`s first PUZZLE NFTs distribution system Can you please tell us More about the Puzzle NFTs and How Can I Obtain the Puzzle Pieces and what benefits I will get by collecting all Puzzle pieces?
Elio Artič: Sure, our special collections wouldn’t be so special if there wasn’t something else than awesome art 😊 We will always reward competition and most active users in that matter, mostly we will offer two choices: buybacks or free tokens, which will be up to the user to decide. Each reward will be determined individually, depending on the collection and artist. For this reason, we can`t give you a general answer to what exactly the reward will be, but I can assure you it will be worth it. There are also some other reward programs, but we still need to polish those before announcing it publicly.
Yeah, that was actually what we developed an idea from – Earn & have fun while doing that 😊 There were some issues with the model that nobody saw on first sight, but came across during the development. I’m very proud of our team as they solved it all perfectly in no time. One of them was of course those pieces that are left without any use. There will be basically 4 options for it because it could be frustrating for our users and we certainly don’t want that:
a) It can be burned for higher Tier piece
b) It can be traded on Marketplace
c) It can be swapped with other users
d) It there will be problems with it we are establishing some buyback system, but it`s still in the making
We are always happy to get any community suggestions as well and we will be always looking for upgrades in every way possible.
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 Panther Protocol and our guests were @andrewzap, and @Consanto – representative of Panther Protocol. The AMA took place on the 14th of October.
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 Panther
Protocol! Welcome to Satoshi Club😀
Constantinos:
Hi everyone! excited to be here with you!
Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, guys
Mary | Satoshi Club:
Hello, guys! Happy to see you here!
Gold Rocket | Satoshi Club:
Nice to e-meet you ❤️
Mary | Satoshi Club:
How’s going?😃
Let’s start our AMA session 🚀🚀🚀
Constantinos: It going well! Super busy in anticipation of the public sale!
Mary | Satoshi Club: Oh, exciting times😉
Gold Rocket | Satoshi Club: Oh … hot time 🔥🔥🔥
Mary | Satoshi Club: And we will start our AMA with the introduction!
Constantinos: 💯
Gold Rocket | Satoshi Club: Introduce yourself, please. How did you get to be involved in crypto & Panther Protocol Tell us please about your position in Panther Protocol
Constantinos:
Great! My name is Constantinos Antoniou, and I am handling all of the community
aspects of Panther. I’ve been involved and Co-founded local communities in my
country Cyprus. Organized a few conferences and I’ve been advising projects in
terms of marketing and community. I was also the head of research at D-CORE, a
crowdsourcing platform where we research and analyze Blockchain projects.
Andrew Zapotochnyi:
I’m the head of marketing at Panther Protocol.
I’ve been in the
blockchain space full time for the last five years and headed marketing at
Ambisafe back in 2017, headed marketing at Propy.com, bootstrapped a couple of
my own marketing blockchain-specific ventures.
Back in 2017 I came up
with the Digital Independence Declaration idea (digindec.com) that brought me
to Panther Protocol. I do believe that privacy is the core value in the digital
age.
Gold Rocket | Satoshi Club:
Great background, friends 👍
Mary | Satoshi Club: And your analytic skills led you to Panther Protocol 😃
Gold Rocket | Satoshi Club: And yes this idea is just amazing 👏👏👏
Give us a brief introduction to the project. What is the essence of Panther Protocol
Mary | Satoshi Club: You’re a true cryptolover😃 privacy is really important here!
Constantinos: Haha true!
Constantinos:
So Panther is an end-to-end privacy protocol connecting blockchains to restore
privacy in Web3 and DeFi while providing financial institutions a clear path to
compliantly participate in digital asset markets.
Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology. Users can mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets flow across blockchains via a privacy first interchain DEX and a private metastrate. Panther envisions that zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.
Constantinos:
By the way we have just announced our new website, please check it out and tell
us what you think! 😊
Gold Rocket | Satoshi Club: These are innovative revolutionary ideas!
Mary | Satoshi Club: It sounds so cool! When you’re telling any protocol does it mean really any?😃
Constantinos: Well, deploying on a new protocol is expensive and time-consuming but technically yes, any protocol 😁
Mary | Satoshi Club: Unbelievable! Hope one day it will be easily possible!
Gold Rocket | Satoshi Club:
We would like to know more about your team. Who is on the project team core?
@andrewzap @Consanto 😊
Andrew Zapotochnyi:
So, perhaps, what’s most important about our team is that most of us have been
in the blockchain world for years and are indeed seasoned experts. Just as an
example:
Oliver (CEO) co-founded a couple of successful crypto companies and invented
CBDC.
Anish (CTO) was reviewing the Ethereum whitepaper early on as well as served as
the advisor for Ripple.
Ramadan (COO) worked in BlackRock, one of the world’s largest investment
companies.
I would say the best way to find out about our team would be to check out our
newly updated website 🙂
Gold Rocket | Satoshi Club:
Great dream team😊❤️
Mary | Satoshi Club: I like your website, btw💪
Thank you so much, guys, for your intro!
Gold Rocket | Satoshi Club:
Thanks for great introduction, we have several questions which were selected
for the 1st part. Ready to start?
Constantinos: Let’s go! 😁
Q1 from Telegram user @Ngoctu21 Panther Protocol provides DeFi users with fully collateralized, interactive privacy, augments digital assets, leverages zkSNARK technology, and provides a new price discovery mechanism for privacy. I found that Panther Protocol uses both zero-knowledge proof and game theory as a mechanism to provide privacy. Can you tell us more about this? How can these mechanisms help you achieve your privacy goals in your platform? What are the benefits of using both?
Constantinos: zkSNARKs stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.
It’s a form of Zero-Knowledge cryptography. It allows you to prove something, like your age, without revealing any other information such as your name, date of birth or nationality. Panther uses zkSNARKs to enable its users to produce zkAttestations that can submit to Service providers. Minimum disclosure is the result. It is still a small privacy leak, but it is sufficient and measured and allows you to establish that trust relationship with your counterparty.
Now, game theory is used in Panther to optimize the anonymity set in our Shielded Pools and allow for price discovery for privacy.
Privacy at a fair price – This is the final piece of the jigsaw; the setting of a price. Privacy and trust are currently reserved for the uber-rich in our world. With the Panther Protocol governance mechanisms, privacy is priced by the transaction, not by the transactor where both powerful and puny can avail of the same protections.
Mary | Satoshi Club: So, can you explain for users who are not so familiar with tech side what they will be able to do using Panther Protocol without revealing their privacy?
Andrew Zapotochnyi:
So, on a very high level and from the user perspective, our MVP will consist
of, say, a dark pool that consists of all zAssets. You should be able to
deposit your assets in the pool and make them private. You should be able to
send them inside of the Panther ecosystem and then withdraw them.
Mary | Satoshi Club: Wow, that’s attractive 😃 when do you plan to launch?
Andrew Zapotochnyi:
The work is in progress, and we don’t have an ETA yet. I would say we’re
talking about weeks, so hopefully before the end of the year.
Constantinos: We don’t have a specific date yet but sometime after the public sale
Andrew Zapotochnyi:
We’ll be sharing all the updates on the go.
Mary | Satoshi Club:
Sure! We will follow your updates!
Thank you for your answers! Ready to proceed?🚀
Gold Rocket | Satoshi Club: Yes, we will be grateful if you share with us❤️
Constantinos: Sure ;p
Q2 from Telegram user @Pavel_Jarosh Panther sets privacy as one of the main pillars of DeFi and therefore its vision throughout the project. In the crypto world, neither FinCen nor any other security networks have enough rights to distinguish privacy from financial crimes as these definitions are crossed nowadays. Please explain how do you plan to monitor and respect a fundamental right of privacy of everyone from the attempts to use this privacy for money laundering for ex.? Thank you!
Andrew Zapotochnyi: The answer is simple: Selective and Zero-Knowledge disclosures 🙂
DeFi users and institutional traders can voluntarily make selective disclosures of transactional data to a counterparty, directly or via trust providers. Forward-thinking service providers and regulators may accept zero-knowledge disclosures (zkAttestations), which prove to the verifier that the user is adhering to a certain ruleset, without providing any underlying data.
This has the potential to
revolutionize the compliance and KYC industries, solving the data siloing and
data breach problems that plague the world and contribute to the erosion of
user privacy.
Mary | Satoshi Club: So, users won’t have any problems with exchanges or regulations using your protocol?
They will be able to provide the necessary data to anyone they want. It’s just not gonna by the public by default as it is now.
Mary | Satoshi Club: This solves all problems!
Thank you for your answers! Ready to go to the next question?😃
Gold Rocket | Satoshi Club:
Thanks for your detailed answers😊
Constantinos: Our pleasure.
Q3 from Telegram user @chinyere2020 “Users are able to mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults and using these zAssets across a full range of DeFi applications.” Can you list some examples of the DeFi applications where zAssets can be used? Can users get these zAssets from farms/pools or any other source?
Mary | Satoshi Club: Very useful article! It’s easy to read!
Will you charge any fee for minting?
Constantinos: There will be a small fee associate with minting but these are fine-tuning details that will be released closer to the launch 😊
Gold Rocket | Satoshi Club: Btw how do you achieve compatibility between chains?
Mary | Satoshi Club: Sure😃
Constantinos: So there will be privacy Shielded Pools across different chains, in the same way, users transfer assets from chain to chain using bridges, Panther will deploy its own bridges to cater for the privacy requirements as well.
Mary | Satoshi Club: 👍
Thank you for your answers! Ready to jump to the next question?🔥
Gold Rocket | Satoshi Club:
Thanks for your great answers
Q4 from Telegram User @DK177 Could you please explain deeply about your multi-asset smart contract protocol? According to what you have already published on the website and the whitepaper, we are allowed to deposit digital assets into your vaults and mint zAssets. What are the accepted digital assets for your vaults? Do we get rewards from the same zAsset? For instance, do we need to deposit $ETH to get $zETH? By the way, what is the advantage of minting zAssets? Can we convert them into normal digital assets on your platform or anywhere else? Further, please explain the use cases of these zero-knowledge assets. Using your vaults, can’t we get returns such as staking rewards from the same digital asset we deposit, for example, $ETH rewards (instead of $zETH) for $ETH deposits?
Mary | Satoshi Club:
Partially covered 😃
Andrew Zapotochnyi:
Panther Protocol proposes a new asset class called zero-knowledge assets
(zAssets), which are fully collateralized, privacy-enhancing assets that are
interoperable and composable with DeFi infrastructure.
Andrew Zapotochnyi: They are derivatives of other typically non-private cryptoassets (e.g. Ethereum ERC-20 tokens and similar). A zAsset is pegged 1:1 to the underlying cryptoasset which is locked as collateral in Panther Vaults – autonomous, zero-knowledge, self-custodial smart contracts which act as decentralized custodians for collateral of zAssets. Collateral may be partially or fully redeemed by burning some or all of the minted zAsset.
As for which assets and the specific rewards from privacy staking you’d have to wait for the official announcements coming in a few weeks just before the launch of our MVP on Polygon.
Mary | Satoshi Club:
So, you first will launch on Polygon?😃
Constantinos: Exactly ;p
Mary | Satoshi Club: Why did you choose it?
Actually, it’s our next question).
Mary | Satoshi Club:
@GoldRocket27
Gold Rocket | Satoshi Club:
🚀
Constantinos: We chose Polygon because over the years it has demonstrated its incredible technical capabilities, it has very low fees which will allow the proper mixing of zAssets, and of course there is a thriving DeFi ecosystem being developed there.
Q5 from Telegram User @Highpee In few weeks, public sale will commence. Can you share the procedure of how your public sale will be conducted? What will users need to be part of this event? In addition, you said after the public sale, you will release your MVP first on polygon and later on Ethereum. What are the scope of your MVP and why are you launching it first on polygon? How can users join and apply to be a beta tester in order to have a first-hand feeling of your fully collaterised private Inter-Chain solutions?
Mary | Satoshi Club: I think it’s time to talk about beta testing 😃
Constantinos: Currently, we are super focused on the Public Sale of our token $ZKP in a few weeks and subsequently the release of our MVP on Polygon and later on Ethereum. If you are interested to participate in our Public sale please fill out the interest form https://share.hsforms.com/1NEKpcC84SFmK0fpd4sFoZQ8mifv
Mary | Satoshi Club:
Any benefits for early adopters?😃
Constantinos:
Thankfully we have released a very detailed article regarding the scope of the
MVP! You can check it out here: https://blog.pantherprotocol.io/coming-soon-panther-protocols-mvp-launch-on-polygon-6d9390e10028
We are planning to have a beta testing period where we will allow users to check out the MVP of the testnet. Unfortunately, I don’t have more information about this as the tech team is currently planning. Stay tuned for the official release by following us on our social media!
Mary | Satoshi Club: Hm, it’s very exciting 😃 how many people already filled it🤣? I feel a lot🤣
Constantinos: 😊
Andrew Zapotochnyi:
@madamlobster Hey Mary, I’m having another call now and I’m going to have to go
now. Consta will take it from here 🙂
Constantinos:
The response from the community was overwhelming!
Mary | Satoshi Club: Sure! It was a pleasure to have you here 🙂
Gold Rocket | Satoshi Club: Have a great day 😊
Mary | Satoshi Club: I can only imagine 👏
Thank you for your answers! What about 6th and last question from this part?🙂
Constantinos: Lets go ;p
Q6 from Telegram User @yellowchamp Panther Protocol just recently announced a partnership with NEAR Protocol in which you received a grant from NEAR to explore the development of open-source privacy infrastructure. So, can you explain more about this open-source privacy infrastructure that you are going to explore within Near Protocol network? How would be this open-source privacy infrastructure will bring a great impact on your network? How it will bring a good contribution to Panther Protocol network? Can you describe the win-win benefits of your collaboration with Near Protocol and how it will bring a good contribution to users and investors of your platform? Thank you.
Constantinos:
Absolutely! We are truly excited to be working with NEAR protocol and thankful
for the grant we have received.
Panther will use the grant to do the required research and hire a tech team with the intention to launch Panthers Privacy solution on NEAR. This includes the deployment of Panther’s privacy solutions on NEAR’s EVM, Aurora.
Mary | Satoshi Club: Which other partnerships do you currently have?🙂
Gold Rocket | Satoshi Club: Big milestone 👏👏👏
Constantinos:
Polygon
Flare
NEAR
Elrond
StackOS
Bumper
Firo
And others ;p
Many more to come btw.
Mary | Satoshi Club: Only the best from the industry, congratulations 🎊
Gold Rocket | Satoshi Club: Sounds amazing 🔥🔥🔥
Constantinos: Thank you 😁
Part 2 — live questions from the Telegram community
Q1 from Telegram user@highpee How long will it take for you to become a DAO in order for a community to be able to contribute and assist in directing the affairs of this project? How is the quadratic voting mechanism that you will use allow community preferences to be fully expressed? What range of actions, proposals, and implementation will be made available to DAO when it eventually takes off?
Constantinos: Panther’s governance mechanism is aimed at decentralization to the fullest degree over the course of the evolution of the protocol. The aim is to implement mechanisms such as quadratic voting, so that community preferences are fully expressed. The roadmap of the protocol includes staged deployment which allows transitioning of the governance from an initial centralized model to a fully decentralized one, a common approach in this industry. The decentralized autonomous organization (DAO) would ultimately have the ability to develop and accept improvement proposals with the #ZKP token. Voting proposals shall implement mechanisms that reduce the chances of governance capture.
The DAO will be instituted using quadratic voting, a process whereby collective decision-making procedure involves individuals allocating votes to express the degree of their preferences, rather than just the direction of their preferences. By doing so, quadratic voting helps enable users to address issues of voting paradox and majority rule.
Q2 from Telegram user @sophiejohnson1 How will I convert my digital assets deposited in Panther Vaults into zero-knowledge zVaults? What advantage will I get?
Constantinos: Only by having zAssets you can enjoy the privacy benefits that Panther provides. Additionally, by having your zAssets in a shielded pool, you are receiving staking rewards in $ZKP, panthers token.
Q3 from Telegram user @JaviSuBs Panther Protocol, can I provide liquidity in the early stages, what is the recommendation to do it? How do we participate in the Panther network to receive rewards? How are privacy miners rewarded within the protocol? What is the main function of Panther Vaults and how secure and private is its system?
Constantinos: Absolutely! The process is called privacy staking. Basically, you will have to mint zAssets and then add them to one of the shielded pools. The longer they stay there the more rewards you are getting. It’s kinda like liquidity mining but without the risk of impermanent loss.
Q4 from Telegram user @Einsteinyl Panther Protocol is best. Can you mention when will Panther release token for Panther project?
Constantinos: As mentioned earlier we are gearing up for the public sale. As soon as the public sale is done, TGE will happen, we will distribute the tokens and proceed to list on CEXs and DEXs.
Q5 from Telegram user @csgonub Probably now everyone is really sure that NFT technology is a great tech for the defi and make promises so I wonder as Panther Protocol do you plan to create your marketplace with special NFTs?
Constantinos: Our partnership with StackOS and the deployment of Panther’s privacy solution on StackOS will give us some nice synergies regarding NFTs. Our goal is to provide NFTs with privacy too ;p
Q6 from Telegram user @crushDISHA1 How strong is your team? Many projects start with a good impression and are later abandoned the project. What makes your project various from others?
Constantinos: To bring to market the next generation of decentralized products with built-in user privacy controls, Panther brings to the table a team of hands-on, world-class technical, product, and commercial experts that hail from the intersection of privacy-enhancing technologies, blockchain, and finance.
The Panther team consists of over 25 experts from the fields of privacy, security, zero-knowledge proofs, blockchain, DeFi, token economics, software engineering, finance, and ecosystem development.
The technical leadership team collectively has spearheaded high-profile initiatives across 55+ blockchain projects.
Panther’s commercial and operations team members worked at BlackRock, P&G, Vimeo, Siemens, Cambridge Analytica, ConsenSys, Dell, NATO HQ, HSBC, and Lloyds Bank.
Q7 from Telegram user @smelekin Most of the projects are only have English communities right now but we all know the world is bigger than English so do you have any local communities for people who don’t speak English?
Constantinos: We have a vibrant Vietnamese community in telegram and our content is being translated into many other languages at times. In the future we plan to launch more non-english speaking communities. Maye you can help ;p
Q8 from Telegram user @winnernai Do you have Whitepaper if yes, please share it with me as secondly do you have plans for pre-sale? Now, where can we Join it?
Q9 from Telegram user @MinxOxyde For beginner or non-technical technology background users, is there any easy step to Minting our digital asset into Phanter protocol Vaults?, or do we need to write some source code, or whatever it is to mint our digital asset into the Vaults?
Constantinos: The process is going to be very easy and simple. We are designing the UX so that everyone can use Panther.
Q10 from Telegram user @mimkhal “Panther Protocol provides DeFi users with interoperable, fully collateralized privacy-enhancing digital assets, leveraging zkSNARK technology and offering a novel price discovery mechanism for privacy?
Constantinos: Security is our top priority. Users of Panther will be using the most secure privacy protocol for their assets.
Panther development is guided by in-house security expertise. Our co-founder and CTO Anish has 20+ years in security and cryptography, is an early advisor to Ripple, reviewed the Ethereum orange paper. Our team has over 40 years of cumulative expertise in security, and have worked on securing some well-known protocols in this space.
The smart contract stack will be fully audited by industry-recognized security researchers prior to launch.
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. UpDeFi Russian Team will select 5 questions and answer them.
For more details: UpDeFi Russian – @UpDeFiUp Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. NFT Global Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about NFT Global
For more details:
NFT Global Website – nftglobal.space
NFT Global Telegram – @NFT_Globall
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
