We are pleased to announce our next AMA on November 25th 2021 at 01:00 PM UTC Time: Satoshi Club x rASKO
⚠️Click to see the hour
⚠️Total Reward pool: 500$
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join rASKO Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. rASKO Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about rASKO
For more details:
rASKO Website – asko.finance
rASKO Telegram – @Askomain
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
It caught my attention that on your Medium Article’s I read that rASKO Money Market is coming to Binance Smart Chain as your IDO Offering on DxSale starts tomorrow, on the 26th of November. Can you give us more details about this IDO that is about to happen? Is there any chance we still can participate in it? If so, please tell us how can we do it? Besides, I would like to know a few more details about this big event, can you tell how much exactly will this IDO last? How many rASKO token will be for sale and at what initial price? What is the min. and the max. amount of rASKO tokens we can acquire on this IDO?
ASKOLend is the core of the rASKO Money Market, and lender can choose between the low risk category or high risk category and inorder to borrow on ASKOlend you must be a lender, also borrowers can use low risk token as collateral to borrow but cant use high risk token collateral and tokens received via lending are called risk tokens. Can you please elaborate more on Low and high risk category for lenders? How can one become a lender? can you explain on risk tokens and lent tokens and also on the high and low risk tokens that can be used as collateral? And lastly can you explain on how a user must be a lender to become a borrower?
One thing that caught my attention while reading about ASKO and it’s product, was ASKOLend; a multichain lending platform, where lenders are able to select between high and low-risk lending pools, with also a number of fail safes which are unique to ASKOLend, ensuring high level of security for users. That being said, can you tell us more about ASKOLend and all of it’s great feature, but specially about that level of security provided to users? How many pools do users have to choose from between high and low-risk lending pools? As a multichain platform, what chains will users have available in ASKOLend? Also, I read that besides unique fail safes on the platform, you’ve implemented unique risk management tools introduced by ASKO team, can you tell us more about them? How do this tools work and what makes them so unique and innovative?
ASKO Finance will be constituded by several products, rASKOLend, rASKO Swap, rASKO Borrowers Rewards Pool and rASKO Farm, but from all of this products we’ve only heard about rASKOLend which is an extremely innovative multichain lending platform. So, that being said, can you tell us more about all of the other ASKO’s products? How will they work? Will they have innovative and unique features to make them stand out just as rASKOLend does? Also, it caught my attention the fact that all of them are orbiting around the same space and connected by a line, are they meant to be used all together in order to get a better ASKO experience or will they work as equaly wonderful by themselves?
They plan to link to stablecoin and fiat currencies, what is Asko’s reach outside of their platform and what are their strategies to bring greater market strength and consolidation to their currency?
How can users guarantee the real compliance with their DAO structure, which will be Asko by 2022, how does it prepare at a competitive level and what will be its priorities to expand and overcome language barriers globally?
Do you consider that Asko.Finance has the financial, technological and human capacity to create a broad and sustainable money market capable of contributing and helping to build the future of Defi safe and stable for users, which can be its most competent and adaptable strategies to multiple situations with cryptographic risks?
How does rASKO ensure the security of its products and how can it ensure that it will not disappear after a dump if it is discovered? Does rASKO conduct security-related tests, for protocol developers who want to use ASKO, there will be a BETA or testnet of rASKO to test the platform?Is rASKO ASKOLend, the core of money markets, passed the AUDITING, is there a report?
I understand that rASKo platform has a feature called rASKO borrowers Reward pool. Can you please elaborate more on this Reward pool? Are all borrowers eligible to benefit from this pool? What are requirements for a user to be able to borrow asset? And lastly what can user use as collateral to borrow assests?
swap call rASKO Swap, which provides the ability for your money market participants to actually use their ASKOLend risk tokens that they receive when they provide collateral to add as liquidity in rASKO Swap and receive LP tokens that can then be cultivated to further increase returns and ROI and APR offset for lenders and borrowers alike. What is rASKO Swap? How does rASKO Swap work? What are the benefits of rASKO Swap?
swap call rASKO Swap, which provides the ability for your money market participants to actually use their ASKOLend risk tokens that they receive when they provide collateral to add as liquidity in rASKO Swap and receive LP tokens that can then be cultivated to further increase returns and ROI and APR offset for lenders and borrowers alike. What is rASKO Swap? How does rASKO Swap work? What are the benefits of rASKO Swap?
The rASKO money markets are truly unique, the rASKO token offers a stimulus system through incentives, rewards and brings additional utility that drives the money market. What are the unique and innovative features of rASKO Money Markets? How does this system of stimulus through incentives work? What are the innovative characteristics of this market?
ASKO is the ERC20 token which is the governance and management token for all money markets and rASKO is the utility and rewards token for all rASKO money markets. Now they are launching rASKO on BSC as this is the first money market we open. What type of governance is developed in ASKO? Who can participate in governance? What are the minimum requirements for participation in governance? What is the usefulness of $ rASKO? What rewards do rASKO holders receive?
Well, we developed what we now call ASKOLend, which is a lending and lending platform that allows investors to lend capital using a multi-tiered risk management system. How does Askolend’s risk management system work? What is the Askolend risk rating system like? What is the advantage of your model?
rASKO is an automated cross-chain money market platform that offers borrowing and lending of a diverse range of crypto assets while utilizing unique risk management tools to minimize lender risks. How does this automated cross-chain money market platform work and Which range of crypto assets are accepted? How can users become lenders and borrowers? Can you briefly explain how your unique risk management tools work to minimize lender risks? What happens In the event where a borrower is not able to pay back?
The rASKO Money Market includes the rASKO: Risk Token Swap, LP token Farms, Borrowers’ Rewards Pool and rASKO Cohort Farm. Can you briefly explain the roles/functions of each of these features? which amazing opportunities does these listed rASKO features offer money market participants to earn yields, fees and rewards? Thank you.
Hello, ASKO’s Team.
I could see that ASKO will have it’s own ASKO DAO coming soon, this governance model is said to be a parameterized DAO that is built to govern rASKO Money Markets and also serve as products DAO to ensure innovation and development of innovative decentralized applications. So, having that in mind I would like you to please tell us more about ASKO DAO? What does it mean to be a parameterized DAO? What kind of benefits does that bring to rASKO Money Markets? On the other hand, I noticed that this DAO will serve too as products, could you please give us more details about it? What kind of possible products do you aim to create with ASKO DAO? Most importantly, I would like to know, how can I, as an ASKO users participate in ASKO DAO? What do I need to do and also on what kind of decisions will I be able to help with?
Hello, rASKO’s Team.
Right now, ASKO’s most incredible product is a multi-chain lending platform called ASKOLend, but while I was looking for information about this amazing product, I could see that ASKOLend is a substantially modified fork of Compound Finance. So, this eventually made me wonder, what has been modified on Compound Finance and implemented on ASKOLend? Compound Finance can be considered as your direct competition, so, what is better on ASKOLend? What sort of benefits and advantages will ASKOLend provide to users that Compound Finance nor any other Lending platform has been able to provide to them? What will make ASKOLend so unique among others?
I read that ASKO DAO is based on a scalable ethereum layer. My question is, how this will ensure the development and progress of your platform thanks to the integration of this particular technology? Why have you decided to implement it for your DAO? In terms of transparency and security, what does this scalable Ethereum layer offer you?
AskoLend, your new decentralized protocol, provides tiered lending pools. This has caught my attention. Can you explain what are the different lending groups that you have adapted to your model? With this model, lenders will be able to choose an allocation between high and low risk loan pools?
You will be holding your IDO on DxSale from November 26 to November 29. why did you decide to go for DxSale as your IDO platform? Is there an existing partnership between both projects? Also, did you have a whitelisting process? Do we still have a chance to join? Also, would you tell us what is the token allocation for this IDO? Will you have multiple ones, or just one?
I read that Asko DAO is coming soon and that it would be built on a scalable Ethereum layer. However, I saw no mention of a secondary, governance token, and only read about rASKO. Will you not adapt to a double token model? Will all holders of rASKO have equal DAO rights? Please tell us how will it work, thanks!
The rASKO money market is built to accommodate a diverse range of lender and borrower strategies and use cases, offering multiple risk tier lending with automated liquidation tools. You mentioned that rASKO on BSC (BEP20) token is a utility and rewards asset driving the rASKO Money Market, it also supports a deflationary token economy with monthly burn and buyback. The rASKO IDO will take place on November 26 on the DxSale platform. How much is the minimum and maximum contribution allowed by each user? After the IDO ends, what day will the token be listed and where? What should we consider to be able to participate in this IDO? Is there a whitelist?
I noticed that the rASKO logo is a little pig and was curious about the story behind the selection of this logo. How is this little pig related to rASKO’s vision, mission and purpose? Can you tell us more details about the meaning of this logo for the rASKO team? Does this little pig have any special meaning to you or was it a logo that came up at random? Why did you decide to make this the official rASKO logo? Are there any curious facts that you can tell us about this?
The two subset funds of ASKO DAO are DAO Development Fund (DDF) and ASKO Product Fund. From each of these name we can understand that the main goal of creation is to biuld a strong backup for the project, however could you reveal all the details regarding both funds to better see the sources of their creation as long as the differencies between each product? Does the % of any transaction automatically goes to each fund or they are selective? Can the community take decision in regards of the direction of these sources?
In one your blogs, it stated rasko has inclusitivity nature by trying to include more assets for borrowing and lending. How will the assets be checked before one gets to trade on it. Is there any criteria laid down or not? Can I relate ” Compound of steroids” as an healthy trading or not here?
-ASKO DAO is a parameterized DAO that is built to govern rASKO Money Markets and also serve as products DAO. I learnt that $ASKO is the governance token of ASKO DAO and gives its holders the power to vote in ASKO DAO. Are the votes of all $ASKO holders equal? If not, what is the voting power/weight in ASKO DAO proportional to? I also learnt that ASKO DAO has a website UI where members vote on rates that govern the DAO. Can you mention some of the rates on which $ASKO holders can vote? Can you give some examples of other things in which ASKO DAO members will be required to vote?
-Your roadmap states that events to be carried out from Q4 2021 and beyond will be determined by ASKO DAO. Can you give more details about this? Will ASKO DAO members be able to make proposals on what to be carried out or will the rASKO team members make proposals for the ASKO DAO to vote?
-I found out that there are some special ASKO DAO members called “Admins” who have some special responsibilities and privileges. Can you mention the responsibilities and privileges that ASKO DAO Admins have? Will the rASKO team choose the ASKO DAO Admins? If not, what are the requirements/conditions that ASKO DAO members must meet inorder to become an Admin?
This rASKO token offers a stimulus system through incentives, rewards and provides an additional utility that drives the money market. Could you detail what is this additional contribution that drives the growth of the money market? What are the innovative features of this market? What characterizes rASKO from other platforms? How does this stimulus system work through incentives?
It is worth noting that ASKOLend is a lending and borrowing platform which allows investors to lend capital through a multi-tiered risk management system. What do you mean by multi-tiered risks? How does Askolend’s risk management system work? What is Askolend’s risk rating system like? What is the advantage of your model? Does each risk represent a value?
I learnt that in order to further incentivize the Total Value Locked(TVL) growth on the borrow and lend platform, risk token swap LP tokens may be used to farm rASKO and other participating tokens. Are the farming yield rates fixed or they depend on certain market conditions? How long will users be required to lock their tokens to receive their yield? Is there any link where users can go to learn how to withdraw their funds from your farms in the case of an emergency (e.g. if the website is down)?
It is my understanding that ASKO has a token, which called ASKO (ERC20) this token has been publicly listed and traded since July of 2020, ASKO is the Governance token and drives the ASKO DAO. After that, recently you have created a new token called rASKO on BSC (BEP20). The ASKO token was launched a long time ago, and is even listed on several well-known exchanges. Why have you decided to launch a new token after so long? What role does this new token come to fulfill and why could this role not be fulfilled by the ASKO token? What makes the rASKO token different from the ASKO token?
Reading through the basics of your lending platform, I noticed certain , conditions with borrowing and lending; were borrowers could only use low risk tokens as collateral, the need for borrowers to pay up 100% of their loans in order to avoid a higher APR, and also all lenders must wait till all loans are repaid to fully withdraw their lent tokens. Even as these conditions are set to promote a transparent lending process, can you give a thorough explanation to these points raised, at what penalty rates will the APR be increased for loan defaulters? What qualifies a token as low risk and high risk, and why are collaterals limited to only low risk tokens? Also, how are lenders compensated when all loans are not fully repaid?
Read a bit about this project
Can you give more details on how it longevity would be
And is it for only the rich or it’s an open project
With emphasis on the Risk Tokens Swap as offered by rASKO, it is stated that the intended purpose is to create low risk and high risk paired token pools with BNB for all assets listed on the money market. Been that this direct action will obviously add liquidity to the Swap pools, can you briefly give us a run down of some of the possible low risk and high risk BNB Swap pairs, also how is initial liquidity utilised in creating Swap pools? Also, can you provide the % fees charged on each Swap operation, and how are these accrued fees utilised by the platform?
Hi Asko DAO I learnt that your your presale kicks of on 26tu November just a day from now,can you kindly give some details about it? Where will the presale take place? Is there a limit to the number of users that can participate in the presale? What will be the minimum/maximum amount that a user will be able to participate with? How can users participate in your presale? I also noticed in your roadmap your plans for ASkO DAO ends on this quarter of 2021, what are your further plans as to expanding ASkO DAO Platform in growth and development coming 2022, can you please share with us?
In order for one to lend on Askolend one must be a lender,for one to be a lender one has to opt to interact with one of ASkOlend contracts, selecting a token to deposit and a risk category,which is high or low risk category, can you please tell us who are ASkOlend contracts,and where and how we can interact with them? Concerning the high and low risk category,what is the requirements to belong to any of them,give us the key features of these categories,you also said low risk tokens can be used as collateral why high risk tokens cant be used as collateral,what is the reason why high risk token cannot be used as collateral? Let’s say I want to borrow 5 tokens what is my collateralization ratio for this, tell is how this been calculated? Thank you
ASkODAO has a total of 134 million token,it’s quite a huge amount,many projects have failed because they lack efficient token buyback and burning system,or even poor inflationary model,in the case of AskoDAO,what decentralized economic strategies have you put in place to avoid depreciation of your token over time? Does it have any embedded buyback or burn mechanism?
With a particular interest in your farms, ASKO plans to launch it’s rASKO Cohort Farm by the end of the month (29th November) which would also coincide with the launch of rASKO trading pools. With the month and quater gradually coming to an end, and been that these products are a critical component of the rASKO project, can you provide comprehensive information to this event which is barely 4 days away? What would be the average farming yield rates? How would the respective accrued rewards from APY, APR and fees be used to provide better incentivised Farming and Trading pools? Thanks
I understand that ASKO has two Token ASKO and rRASKO, but what is their use, how do they work? We know that ASKO is an ERC20 token, but that they also have a token known as rASKO in BSC which is BEP20, but how do they work? which is the governance token that will drive the DAO and which is the one that will drive the money market? can you explain these question points to us. Since when is the token publicly traded and listed? for what date are you scheduled to launch ASKO DAO on Polygon?
From what I gathered, users don’t need to go through a lengthy process like in a traditional loan before they can obtain loan from rASKO. Can highlight your loan requirements for borrowers and lenders? What are the risk involved in the borrowing and lending process and how possible will it be for lenders/borrowers to be able to customize their risk appetite when applying for loan? How do users overcome technical or counterparty risk in the quest to avoid forced liquidation? Apart from rASKO tokens, what other Stablecoins do you accept and how is the lending rate structure of rASKO and other tokens that are acceptable? Thanks
On this 4th quarter of 2021,you set to launch a rASKO Money Market on BSC. So,could you explain to us about this Money Market? How would be this money market works? What is the mechanism and structure of this money market? Does this money market give us an instant income or passive income? Do you consider having a long-term or short-term Money market business with BSC? Why do you choose to based your Money market on BSC?Any advantages and great impacts that BSC brings to rAsko in terms of Money market? Thank you
I learned that rAsko Money Markets are truly unique in which the rASKO token offers a stimulus system with both borrowers and lenders will receive rewards. So,can you explain to us more about this stimulus system in your platform?What kind of rewards will they receive? As we know that lenders and borrowers are both paying interest from their debt,so how can they received rewards? Does this rewards will be deducted from the interest they will pay to their debt? Are you not having loss in giving reward with your lenders and borrowers? Is this fair to your platform? While giving rewards,what impacts does it bring to your platform?Does the rewards is be given to all your borrowers and lenders or you have any condition in giving rewards? Thank you
ASKOlend decentralized protocol provide tiered lending pool in money markets and lenders can pick an allocation between high risk and low risk pools. Can you elaborate more on this high and low risk pools? What are the features of the high and low risk pools? How are lenders gain and interest calculated based on this pool?
We see what the market is like today and we know about volatility. How ASKO plans to face those dumps that happen in the market and that worry many projects? How do you guarantee the safety of your product and also that you do not abandon it later in the event of strong dumps in the market? What type of security are you testing and using on your platform? as protocol developers can we use and test the platform? Is it possible to participate in the restricted Beta Launch? You can give us more details about this question. Please thanks