Pearzap x Satoshi Club AMA Recap from 18th of November

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 Pearzap and our guest was @concorde_pear – representative of Pearzap. The AMA took place on the 18th of November.

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

Luis Merino 🇪🇸 | Satoshi Club:
Hello everyone and welcome to the first AMA out of four today in Satoshi Club 😊
Our guest is @concorde_pear, from Pearzap, you are welcome, mate 😉

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

Mr. Concorde:
Hey ladies and gentlemen, how are you all doing? It’s good to be back.

Thank you for giving me a stage to talk a bit about PearZap.

Mary | Satoshi Club:
Hello! Happy to see you here again 👏

How’s going?

Luis Merino 🇪🇸 | Satoshi Club:
Always a pleasure 😄👏

Mr. Concorde:
It’s been a while. I am doing great. Since last time I quit my day job and went full-time crypto🚀

How are you doing?

Mary | Satoshi Club:
Oh, congratulations! How is the flight?😂

Luis Merino 🇪🇸 | Satoshi Club:
Wise choice 😄

Mr. Concorde:
Ahh it’s such a smooth one.

I couldn’t agree more.

Mary | Satoshi Club:
I am excited to hear all news about Pearzap! But we will actually start with the intro😉

Mr. Concorde:
Let’s do it

Mary | Satoshi Club:
Because we have a lot of new members 🔥

So, could you please introduce yourself and Pearzap to all newcomers 🚀

Mr. Concorde:
Will do!

About me: My name is Mr. Concorde and I am one of the 2 marketing managers at PearZap. I set up multiple businesses in real life and after noticing I didn’t actually enjoy any of them I started to invest in crypto in 2017. Since 2020 I have also worked in crypto and I have worked on some pretty big projects.

Mary | Satoshi Club:
Everyone should do that thing he enjoys 😊

Mr. Concorde:
Pearzap: 🍐⚡️PearZap Finance is a secure yield farming project on the Polygon Chain, BSC network, and Fantom network. The idea of the Pearzap project was born out of the idea of bringing innovation to the current ecosystem.

We are striving to stand out from existing Yield farmings with:

• high APRs on pools and farms
• a high focus on smart contracts security
• votes for certain decisions to be made
• innovative ideas: like “the garden” and a multichain NFT platform (you can read more about this in our roadmap)

BUIDL is our motto, because crypto moves fast and developments will keep the hype going, we have to remain creative throughout the adventure and keep BUILDING.

Really really soon we won’t just be a yield farming project anymore.

Our BETA JUIX DEX launches in a couple of hours.

Mary | Satoshi Club:
Oh, I see you have a lot of events!

Mr. Concorde:
On the 24th we go fully live and launch our new DEX token together with our close launchpad partner @polydefi_community (who will be here for an ama tomorrow)

✅

Luis Merino 🇪🇸 | Satoshi Club:
👏👏

Congratulations on that 🙂

Mr. Concorde:
Busy times! We gotta keep building.

Mary | Satoshi Club:
Great job💪💪💪

Luis Merino 🇪🇸 | Satoshi Club:
👏🚀

Mary | Satoshi Club:
👏

Thank you for your intro, Mr.Concorde! I am really excited to dive deeper into the details about Pearzap with the questions from our community now!

Mary | Satoshi Club:
Are you ready to rock?🔥

Mr. Concorde:
I was born ready😎

Q1 from Telegram user @Josegamboac
Many projects promise high Annual Percentage Rates (APRs), but ultimately fail to deliver. PearZap’s goal is: to assure its investors of the promised high annual percentage rates. How does PearZap work to achieve high annual percentage rates? What tools does PearZap have to achieve this? What are PearZap’s estimated annual rate percentages?

Mr. Concorde:
Right now our prices took a pretty steep tumble but I think altho the price went down a lot that we still maintained a very fair APR on $PEAR. The APR/APY on PearZap are pegged to the price, meaning: if the price goes up the APR goes up with it, vice versa if the price goes down.

We adjust the emission rate where possible to assure our investors of the most benefits possible.

Our new $DEX will give a big boost to our APRs, you can read more about that here⬇️

https://link.medium.com/gUVjiqbDhlb

✅

Mary | Satoshi Club:
Is it time to buy more?😉

What is your current APR?

Luis Merino 🇪🇸 | Satoshi Club:
The DEX is almost here 😄

Mr. Concorde:
If you got diamond hands and some patients I think you will deffo make a good choice in buying more rn. Nfa tho.

Mary | Satoshi Club:
Yes, my hands are shining 😂😂😂

Mr. Concorde:
On each chain it’s different but approximately 200%

But wait for our $JUIX token 😏 it will be JUICY🧃

Mary | Satoshi Club:
Nice numbers, btw😀

Luis Merino 🇪🇸 | Satoshi Club:
That’s a huge one 👀

😎

Mary | Satoshi Club:
Sounds promising! Can you tell us more about $JUIX?

Mr. Concorde:
Hell yes! $JUIX is going to backup $PEAR and is becoming our new yield farming token.

Where $PEAR has a maximum capped supply of 60M, $JUIX will have no cap.

Because we launch our DEX we need to launch a new token with it. If $PEAR hits that 60m total supply overall chains we will stop emissions and with that, it will become fully deflationary and it won’t be possible to reward farmers and liquidity providers with $PEAR rewards anymore.

$JUIX will be used for PearZap games and it will be the new yield farming token.

It will be launched on the 24th of November by a dual launch

🧃

Done ✅

Luis Merino 🇪🇸 | Satoshi Club:
I love the idea. Well, I love juice too :p

Mr. Concorde:
We can’t wait until we launched everything this week🤩🤩🤩

Luis Merino 🇪🇸 | Satoshi Club:
We are very close… 😄

Mary | Satoshi Club:
Nice decision with $JUIX token! Good luck with it☝️

Mr. Concorde:
Yess!!

Luis Merino 🇪🇸 | Satoshi Club:
😂😂😂😂

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

Mr. Concorde:
Sure am.

Q2 from Telegram user @Antoni_azx
There is a section of games on your website that seems to be no more than lotteries with different risks to take, can you tell us what does the algorithm of these games fair and safe? Also, could you explain the implications that game smart contracts are excluded from $ PEAR token transfer tax?

Mr. Concorde:
We are currently using some games from treasure key and those games have the chainlink protocol integrated to get a fair and safe game experience.

We are also using our very own PearSpinner and we will soon release more games for our Zapcenter casino.

We whitelisted each game on our website so the 2% burn tax isn’t being applied. I am not a dev but this seems to me all devs to it with a lot of ease😋

✅

Mary | Satoshi Club:
I like to play games😀 could you please describe for me your favorite? How to play it?

Luis Merino 🇪🇸 | Satoshi Club:
Did I hear Game? 😳

Mr. Concorde:
I like the Pear spinner most. It’s a game where our mascot: Zappearo spins a wheel of numbers. Players can bet on the number that is going to be spun and will win their bet times the number that is spun.

A dice game is also being developed currently.

Mary | Satoshi Club:
What is a minimal bet?😀

Mr. Concorde:
1 pear minimum
4 pear maximum

Last time I checked. I don’t gamble as much anymore as I used to😂

Mary | Satoshi Club:
Oh, it’s pretty cheap 👍 i need to try my luck!

Thank you for your answers! Ready to go to the next question?🚀

Luis Merino 🇪🇸 | Satoshi Club:
Sounds interesting.

Q3 from Telegram User @JaviSuBs™
By 2022 PearZap plans to integrate xDai, Fantom, and Heco with the release of $ xPEAR, $ fPEAR, and $ hPEAR to reflect $ PEAR in each of the chains, respectively? But for what month of the year 2022 do you plan to integrate xDai, Fantom, and Heco into PearZap? What is the functionality of the PEAR token and how is the relationship between each of these tokens and its main token? Can you explain how these tokens work in PearZap?

Luis Merino 🇪🇸 | Satoshi Club:
Great question, Javi 👏

Mr. Concorde:
So this is something that we changed a bit.

We currently expanded from polygon to the BSC and Fantom Network. On these 2 networks, we launched the same $PEAR token as on the Polygon chain with the idea to bridge them all. We ran into some issues with bridging the token and we are trying to solve those so that $PEAR can be a full multi-chain token.

We are looking into Cronos and AVAX for our next chains.

Mr. Concorde:
Xdai and heco aren’t as hyped anymore as they used to be

Mary | Satoshi Club:
If they will become?😀 We had Heco here recently, they are also great!

Mr. Concorde:
I don’t think we will still be integrating within heco but you never know, if they create some good hype we might end up there as well

Luis Merino 🇪🇸 | Satoshi Club:
Great choices 😄👍

Mary | Satoshi Club:
Also, are you looking only for hyped chains or are there any other criteria?

Mr. Concorde:
It needs to check a couple of points:

• It must have something other chains don’t
• there must be a couple of projects on the chain already
• it needs to be very accessible for all investors

Mary | Satoshi Club:
It has sense! 😀

Thank you for your answers! Ready to jump to the next question?💪

Luis Merino 🇪🇸 | Satoshi Club:
👏

Q4 from Telegram User @DK177
I noticed that you conduct a manual burn mechanism on special events and when needed. Can you give a rough idea about the situations you hope to conduct token burns? Since a burn can affect the value of the token, every investor is curious to know about the burning plans. Why did you decide to choose a manual burn mechanism instead of scheduled burns? What are the advantages of that model?

Mr. Concorde:
$PEAR has a 2% burn tax on each and every TX so a lot of $PEAR is burned already and even more will be burned with such a low price. This is good in the long term.

We host manual burns when we feel a boost in morale is necessary. Since pear will be deflationary and won’t be minting anymore after hitting 60M we need to be careful with the $PEAR tokens the dev wallet holds. We are here for the long term.

When our full JUIX DEX is out we will start to compete with the big boys

✅

Luis Merino 🇪🇸 | Satoshi Club:
Please, share your tokenomics 🙂

Mr. Concorde:
There isn’t much to share right there. $PEAR has a 2% burn tax on each and every TX and it mints straight into farms and pools from the Masterchef with 4 $PEAR per block on BSC and polygon. FANTOM mints 3 $PEAR per block if I am not mistaken.

✅

Mary | Satoshi Club:
Nice👍 thank you for your answers! Ready for the next question?

Mr. Concorde:
Yesyes😎

Q5 from Telegram User @chinyere2020
-According to your roadmap, the Gambling ZapCentre launch is scheduled for Q4 2021. Is the Gambling ZapCentre launched yet?
-Gambling ZapCentre is said to be the first one-stop gambling place on the Polygon chain. Will this feature be established on other blockchains also? Can you list the gambling games that will be available in the Gambling ZapCentre? Will users play these gambling games against other users or they will play against COM?
-Lastly, will there be any age limit to use this feature? If yes, how will such an age limit be enforced?

Luis Merino 🇪🇸 | Satoshi Club:
Thanks for sharing

Mr. Concorde:

• Zapcenter is launched but it’s not fully operational yet. We will add more and more games over time. Right now we have the games from treasure key and the Pear spinner integrated on all our three covered blockchains. Players will for now play against the COM but there will also be games for players to play each other.

We are currently developing the new dice game

There won’t be an age limit to play the Pearzap games.

✅

Luis Merino 🇪🇸 | Satoshi Club:
Huge things arriving 👏

Mary | Satoshi Club:
Can you share more details about the new dice game with us?😀 We like to know a bit more than others😂

Mr. Concorde:
Haha, there isn’t much out yet, so I can’t disclose anything yet.

Mary | Satoshi Club:
When approximately we can expect it?😉

Mr. Concorde:
I think in a couple of weeks it should be done for sure. It’s really difficult to develop a game from both the backend and frontend perspectives. Only the true OGs are able to.

Mary | Satoshi Club:
I believe you can do this! We will follow your updates!

Luis Merino 🇪🇸 | Satoshi Club:
Hahaha 😂

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

Mr. Concorde:
Hell yeah

Q6 from Telegram User @meml97
While reading about PearZap, I saw that the project is described to be “Community Driven”, however, while looking for more information about this characteristic of PearZap and about its governance model, I couldn’t find anything about it. That being said, can you tell us more about what kind of governance model will be implemented on PearZap and what will make the platform Community-Driven? On what kind of decisions will users be able to help and how will they be able to help and be part of the governance of the platform? Is Will staking a certain amount of PEAR tokens be necessary for that? Also, what other kind of feature will you implement into the platform to make it even more community-driven?

Mr. Concorde:
We are currently in talks with xdao to make $PEAR a full DAO token.

Up till now, we have used polls on telegram and Twitter to see what our community was thinking on different aspects.

If you scroll through our Twitter you will notice that we ask our community for their opinion quite often.

Users will be able to vote for IPO projects soon and pool/farm removals as well as big decision makings.

✅

Mary | Satoshi Club:
Do you have any timeframes for governance?😉

Mr. Concorde:
Nope not yet.

Luis Merino 🇪🇸 | Satoshi Club:
Community is the way 😉

Mary | Satoshi Club:
Gotcha! But as I see you’re fast, so… 😀

Anyway, your community will never be bored!

Mr. Concorde:
Haha, we try to overdeliver on each roadmap feature for sure!

We try to make an announcement each and every day so the hype doesn’t get killed.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Karry1999
In Your Medium Article I Read about the NEW TOKEN $JUIX, Can you tell me The Main Purpose of Introducing this Token and How it is Different from the $PEAR TOKEN?

Mr. Concorde:
Hell yes! $JUIX is going to backup $PEAR and is becoming our new yield farming token.

Where $PEAR has a maximum capped supply of 60M, $JUIX will have no cap.

Because we launch our DEX we need to launch a new token with it. If $PEAR hits that 60m total supply overall chains we will stop emissions and with that it will become fully deflationary and it won’t be possible to reward farmers and liquidity providers with $PEAR rewards anymore.

$JUIX will be used for PearZap games and it will be the new yield farming token.

Q2 from Telegram user @cindy0666
I’m a new user and I don’t have much knowledge of crypto. Is PearZap suitable for newbies like me? And how can I invest?

Mr. Concorde:
PearZap is very accessible for new crypto investors.

We have a youtube page where the whole process of buying and staking is explained.

https://m.youtube.com/channel/UCF1dw4IcP_wsXGm4nM4kPqQ

Q3 from Telegram user @slla1112
Is it possible to earn $PEAR when I bring my friends to PearZap?

Mr. Concorde:
Yes, we have an amazing referral system in place on all chains.

You will get 1% of your referrals rewards straight from the Masterchef as a gift from the PearZap team.

Q4 from Telegram user @mobilejii
I see that $PEAR is already listed on three chains. Can you tell me what are the slippages rate and taxes to buy?

Mr. Concorde:
$PEAR has a 2% burn tax on each TX and so it needs a slippage of at least 2.1%

Q5 from Telegram user @sirdefi
Does PearZap plan at some stage in their development to work with NFTs? Many DEX use these NFTs to boost the performance of pools where users invest Do you find this idea appealing?

Mr. Concorde:
Yes, we are actually slowly starting on our first batch of PearZap NFTs, which will get a utility like no other project is doing.

We will also launch our multichain NFT platform over the next couple of months.

Q6 from Telegram user @Robotliker1
Is there any liquidity locked by your platform? How can we know your project is safe and legit for investment?

Mr. Concorde:
We are audited by all the biggest audit companies such as:

Certik, paladin techrate and Obelisk. PearZap is fully SAFU.

Polygon liquidity is locked and isn’t releasing anytime soon.

Q7 from Telegram user @johnnyinxs
What are your feelings about the super garden?
It will be extended?
And at last Did you know what is the community feeling about this super garden?

Mr. Concorde:
The super garden was a great success, however, our community expected even higher APRs.

We will extend the super garden to BSC after our DEX launch has been accomplished and we will try to give an even higher APR.

Q8 from Telegram user @KASG95
Notice that on their website they say “PearZap IKO”, but what does IKO really mean? It will be the same presale or IDO launch but in this polygon network is it called that?

Mr. Concorde:
An iko is an initial Koala offering (we launched from koala defi)

Basically IPO, IKO, IFO, IDO its all the same.

Q9 from Telegram user @cryptoflower13
Do you guys have any plans to list $PEAR token in any CEX in the next few months? Which ones have the team considered?

Mr. Concorde:
No, currently not, we might think about it in a few months. CEXs are not really beneficiaries for an in one defi project.

Q10 from Telegram user @feranno
PearZap, is there a mystery or message in your name? Why did you decide to combine the names PEAR and ZAP and give this name to your project, does your name choice process have a special story?

Mr. Concorde:
Who doesn’t love a juicy pear? We needed a fruit that wasn’t been used yet and we are planning to have a ZAP feature implemented soon so pearzap was born.

Part 3 – Quiz Results

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