Month: November 2021

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 Mars Ecosystem and our guest was @clomptheory – representative of Mars Ecosystem. The AMA took place on the 15th 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

Gold Rocket | Satoshi Club:
Greetings, dear Satoshi Club ❤️ Today we are happy again to welcome our guest from Mars Ecosystem – @clomptheory

Hello and welcome to Satoshi Club Tarios❤️😊

Tarios:
Hey everyone! It is great to be here again! It made me very happy to be here again.

Gold Rocket | Satoshi Club:
We are always happy to see you😁

Tarios:
😊

Gold Rocket | Satoshi Club:
What news did you bring us today?🔥🔥🔥

Andrés M. | Satoshi Club:
We are glad to have you with us again 😃

Tarios:
Maybe I should say “Genesis” 🤔 🔥

Thanks!

Gold Rocket | Satoshi Club:
You intrigued us! 😃 Come on in more detail please😁

Tarios:
Of course,

With the Genesis event, which is expected to be launched in November, USDM will debut. XMS holders will be the first holders of USDM!

Prepare your BUSD and XMS and wait for Genesis! 🚀

Andrés M. | Satoshi Club:
Waiting for it 🥳

Tarios:
Yes! Many of us, the team is working on it for the best! Stay tuned.

Andrés M. | Satoshi Club:
Is there any approximate date for the event?

Gold Rocket | Satoshi Club:
Well! Тhank you very much for the great news and introduction! Do you want to add something before the community questions? or can we jump further?

Tarios:
For now, it’s scheduled for November. There may be some delays as our team works for the best and the safest of users. Stay tuned for the best.

I think we can jump!

Andrés M. | Satoshi Club:
Got it, actually, we want to talk a little more about the event.

Q1 from Telegram User @UniqueVicky
I understand that two different groups of people will be selected for the Mars genesis when it is launched, one group is called the “Space Rider” this group will assist the survival mission of mankind and create a mars community and establish and continue improvement and development of the financial system and the other group called the “Spacecraft one” will partake of the initial MarsDAO community. They will be selected on the condition that they have contributed to the community and airdrop the “boarding pass NFT” and the “captain NFT”. Please kindly explain about these two NFTs, what are they?, what is the highlight and differences between these two NFTs? How can users contribute to the community and airdrop boarding and captain NFTS, please explain to a newbie, thank you

Tarios:
Of course!

Yes, we will give NFT to early supporters of the project and those who have contributed to the project. For example, we have plans to give IMO participants NFT.

At present, we are still continuing to empower nft and improve the gameplay of NFT. Besides, we have prepared rewards for those active users in our community, such as token airdrop and special NFTs! If you’re interested in becoming a captain, please check: https://mars-ecosystem.medium.com/mars-ecosystem-captain-program-5792e436de65

For all the IDO/IMO/IIO participants you will be getting Boarding Pass NFT
And our team will be selecting some Active users and who had contributed more to our community from day 1
And we will airdrop them with a Boarding pass and Captain NFT for the selected users
Next, we will also expand cooperation with other projects, such as GameFi, so stay tuned.

Done! ✅

Gold Rocket | Satoshi Club:
Thanks for your detailed answers 😃

Let’s proceed to the next question🚀

Andrés M. | Satoshi Club:
Let’s join Satoshiclubbers💪💪

Q2 from Telegram User @JaviSuBs
Greetings Mars Ecosystem I would like to know to begin this question what is the MVB Program? where it says that Mars Ecosystem is one of the strongest participants in the MVB Program, can you give us more information about it? I would also like to know what you have planned for the year 2022, Mars Ecosystem to do one of the most popular projects in BSC? What goal do you plan to meet for that year and how do you see yourself at the end of 2022? Thanks

Tarios:
Sorry, Lastly

Users can contribute to the community through our Captain Program, and we also gonna cooperate with Celestial on the new Space theme NFT, Stay tuned!

Andrés M. | Satoshi Club:
Thanks for clarifying it, done worry, please share all the info you want 😃

Gold Rocket | Satoshi Club:
https://t.me/marsecosystem_news

Tarios:
MVB Program is a competition created by BSC. The aim of MVB is to promote the development of projects built on BSC and make them more valuable to move BSC further.

Of course! He was among the stars of September in Mars Ecosystem MVBIII! Thanks to this, it still has a chance to be included in the TOP10 on November 24th. Our team is constantly doing events with BSC, https://twitter.com/BinanceChain/status/1458819474862354439?s=20

Our plans for 2022 are to move to different popular networks and increase our user base considerably. The goal of our team is to create an ecosystem beneficial to the entire DeFi ecosystem.

Andrés M. | Satoshi Club:
Which one is the next network for the Mars ecosystem?

Tarios:
The end of 2022 is about 1 year later – 1 year is quite a long time for crypto. Therefore, although I cannot give you a clear answer, the long-term goal of our team is to be the Central Bank of the entire DeFi world. To achieve this goal, the team will make all the improvements – the best for our users!

There is currently no definitively published network. Please follow the announcement channels to receive news when it is announced.

✅

Andrés M. | Satoshi Club:
Got it, this is the announcement channel Satoshiclubbers, let’s join there

Tarios:
Yes, soon there will be more exciting news!! 🔥

We’re too excited as a team!!

Andrés M. | Satoshi Club:
Which benefits do you consider DeFi provides to the users that CeFi can’t?

Tarios:
The greatest comfort is definitely anonymity and decentralization. In fact, even if we are not completely anonymous with DeFis, there is no such thing as KYC, so DeFi users can always hide their identities. In addition, while CeFis are directly connected to a single company, DeFis has a decentralized structure thanks to nodes. So it is safer and there is no single breaking point. Also, DeFi is definitely more free and transparent! We can review all the codes, which is great! Which CEX’s codes can we access right now, right?

Gold Rocket | Satoshi Club:
Yes! these are definitely advantages

Thanks a lot for the answers

Ready for the next question?

Tarios:
Mars Ecosystem is also working to issue a stablecoin that is both sustainable and decentralized and we are very close to launching! 🔥

Andrés M. | Satoshi Club:
Great answer, completely agree with you👏

Tarios:
Of course!

Q3 from Telegram User @jodasf
Throughout this year 2021, we have seen many projects being affected by malicious attacks from users, groups, and organizations, where many of these projects could not recover, so, how Mars Ecosystem is protected against malicious attacks, tell us what technologies do you use to protect your users and avoid millionaire losses and at the same time protect your image?

Andrés M. | Satoshi Club:
Btw, Satoshiclubbers let’s remember the past AMA with the Mars ecosystem in October https://esatoshi.club/ama-satoshi-club-x-mars-ecosystem-october-7th-2/

Gold Rocket | Satoshi Club:
https://esatoshi.club/ama-satoshi-club-russian-x-mars-ecosystem-russian-october-12th-2/

And Russian AMA 😁❤️

Tarios:
A very good question! One of the most important things for the team is definitely safety! In every step the team takes, they constantly perform audits both within the team and through external companies.

Currently, we have 2 audits that have been fully done. CertiK and Slowmist. We also launched the Bug Bounty program with Immunefi to give a chance not only to companies but also to white hat hackers. In this way, anyone can examine the codes and detect errors. And of course, they can grab the prizes too!

The last thing I want to talk about is CertiK Skynet. CertiK Skynet is a feature that continuously scans the codes in projects and generates a security score accordingly. The risks that may arise are minimized thanks to the 24/7 supervision of Skynet. And now we have 96/100 ratings on Skynet!

✅

Andrés M. | Satoshi Club:
What are the rewards for bug hunters?

Gold Rocket | Satoshi Club:
This is a very high rating! great job!👏👏👏

Tarios:
The maximum prize is $60,000!

🛡

Andrés M. | Satoshi Club:
Oh, that’s an incredible calification, congratulations👏

Gold Rocket | Satoshi Club:
Thanks for your answers 😃

Let’s proceed to the next question🚀

Tarios:
Of course!

Q4 from Telegram User @yellowchamp
I found out that the goal of the Mars Ecosystem is to build the central bank and reserve currency of the DeFi world. So, could you explain more about this goal of Mars’s Ecosystem? Literally, how would you plan to build a central bank in Defi world and how would you introduce and implement this central bank in the market? What kind of reserve currency you are aiming to bring in the Defi world and what will be its essential use? Do you have any timeline for achieving your goal to build the central bank and reserve currency of the DeFi world? Thank you

Tarios:
Some of the currently used stablecoins are:

USDT, USDC, DAI, BUSD, etc.

Some of these stablecoins are centralized and some are not sustainable. The goal of Mars Ecosystem is to solve this problem in the world of DeFi. To solve this problem, we will use our stablecoin, USDM. USDM will be backed by a fully liquid Mars Treasury. Mars Treasury will constantly interact with USDM and XMS, regulating the relationship between USDM and XMS, as well as minting and redeeming USDM. Our goal as a central bank is, in short, to create the most widely used stablecoin in the DeFi world. For this, our team will start the Genesis launch soon – this is the first step towards that goal, stay tuned!

Our current roadmap is as follows:

🌟In November, the stablecoin module of Mars Ecosystem will be launched on BSC, and a “Genesis” will be held at the same time. Users can mint USDM using BUSD and earn XMS rewards. Details: https://docs.marsecosystem.com/whitepaper/genesis

🌟Next, we will release more DeFi protocols through investment, incubation, and joint development to jointly empower Mars Ecosystem. In Q4 of 2021, we plan to release the yield aggregator module and develop our Launchpad platform at the same time.

🌟In Q1 of 2022, we plan to implement the function of stable coins mintage on other public chains to expand our protocol.

🔥All the above plans will empower and add value to our governance token $XMS.

Stay tuned for more! 🚀

✅

Gold Rocket | Satoshi Club:
Excellent answers😁

Andrés M. | Satoshi Club:
Do you have any buy-back systems?

Tarios:
Not yet but it will be implemented in the future.

First of all, we will buy back XMS tokens via a transaction fee.
In the future, we will burn our tokens to reduce the total supply.

Andrés M. | Satoshi Club:
Gotcha. So, let’s talk a little more about the transaction fees 😃, ready to go with the next question?

Tarios:
Yes, let’s go!

Q5 from Telegram User @Asela1112
Talking about Mars Swap, It is a Uniswap type AMM Dex. When users swap The transaction fee on Mars Swap is 0.3% which is pre-decided to go about 0.25% to LP & 0.05% for $XMS holders where stake $XMS tokens in Mars Swap. Why the transaction fee is too low? The $XMS holders will not receive a considerable reward due to this low transaction fee. How will you manage this situation? A lot of LPs will come over to provide Liquidity if the transaction fee is higher so that they can gain a satisfying amount of $XMS. Will you increase the transaction fee in the future?

Tarios:
In fact, it may not be correct to say that transaction fee are directly low. Because as you have noticed, the fees are made on a percentage basis. This means that the larger the volume of DEX, the greater the rewards going to XMS stakers. If you check out our current farms and pools, you will see that the rewards are very high and sustainable!

We have no plans to increase transaction fees in the future. However, as the amount of use of the Mars Ecosystem increases, the use of DEX will increase. As for DEX usage increases, total fees will increase and XMS holders will reap high rewards!

✅

Andrés M. | Satoshi Club:
What are the others benefits you provide for long-term holders? Btw, what is the APY established for staking?

Tarios:
Currently, XMS holders can earn tokens like CAKE, BTC, BNB, ETH, with high APRs! In addition, we should not forget that the main task of XMS is the governance token. Going forward, XMS owners will shape the evolution of the Mars Ecosystem. Finally, XMS holders will be the first to mint USDM at the Genesis launch.

Gold Rocket | Satoshi Club:
Thanks for your answers and clarification 😊

Tarios:
You’re welcome!

Gold Rocket | Satoshi Club:
Let’s proceed to the last question of this part🚀

Andrés M. | Satoshi Club:
A lot of benefits, great reasons to invest🥳💪

Tarios:
Send it please! 👀

Q6 from Telegram User @Pavel_Jarosh
Mars Ecosystem states that USDM price is stable not only in normal market conditions but also in extreme ones. The anti-bank run mechanism is guaranteed by the asymmetry of minting and redeeming assets. As we are all approaching the end of the bull run we can consider it a start of extreme conditions and a call for USDM price protection mechanisms. Can you assure that the USDM price will remain stable during the next year? Can you provide some examples of when the USDM price kept its position despite market changes?

Tarios:
As you said, it is easier for USDM to keep up with the market as it is currently in a “bull run”. Because right now the amount of assets on DeFi is increasing and more and more liquidity is constantly being created.

However, as you said, when the so-called “bull run” ends and the “bear season” begins, will USDM be successful again?

Our answer is yes. Because USDM is not an algorithmic stablecoin. It is a token fully liquidated by the Mars Treasury. Regardless of the amount of assets in DeFi, be it a “bear” or “bullish” season, Mars Treasury will always be the mainstay of USDM and XMS. For example, let’s say that assets in DeFi are withdrawn and liquidity in DeFi begins to decrease. If users want to reclaim their assets from Mars Treasury, they must redeem their USDM. Thus, all of the liquidity in Mars Treasury is such that it can meet all USDMs in the market. Even in the most extreme conditions, there will always be a reserve behind USDM.

✅

Gold Rocket | Satoshi Club:
Thanks for this great 1 part of AMA 😊

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Nonerlike
XMS holders have lots of benefits including governance. Where can I buy XMS and on what wallet should I hold?

Tarios:
Yes, exactly! The long-term benefits of owning XMS are huge!

To purchase XMS, please visit here, https://app.marsecosystem.com/swap

Any wallet app that can run Web 3.0 apps will suffice, but our recommendations are TrustWallet, SafePal, Matemask, and C98.

Q2 from Telegram user @potentialsake
I have one question in mind after reading your introduction does Mars Ecosystem planning any multi-chain or cross-chain integration?

Tarios:
Yeah! Once our team is confident about the improvements in the BSC network, they won’t stop! They will also issue the USDM token on different networks to spread the USDM token to all DeFi. Stay tuned for more information!

Q3 from Telegram user @Xusuo
Could you explain how do we possibly get $USDM? is there any token sale for $USDM? and what is connection $XMS with $USDM?

Tarios:
USDM will debut with the Genesis Launch in November.

XMS Holders will be the first holders of the USDM stablecoin.

Users who want to mint USDM can mint their USDM by committing BUSD. (On the condition of having a certain amount of XMS)

The link between USDM and XMS is:

USDM’s Market Cap will be limited by XMS’s market cap. Therefore, there will always be enough XMS to redeem USDM even if there are momentary drops. Also, as USDM’s usage becomes more widespread, XMS’s Market Cap will increase with it.

Q4 from Telegram user @jirencrypto
You mention that the fundamental problem within the protocols of the current stable currencies is the positive externality, how does Mars Ecosystem avoid incurring or replicating these problems? What mechanism or strategy do you apply to solve this?

Tarios:
Mars’s Ecosystem overcomes this as an ecosystem.

Thanks to the 3 parts that make up the Mars Ecosystem, Mars Ecosystem creates a stablecoin that is sustainable and sustainable within itself, regardless of other projects outside. The DEX, Stablecoin, and Treasury contained in the Mars Ecosystem are parts that complement and support each other.

Q5 from Telegram user @rengoku_kyu
Who inspired you to build the mars ecosystem?

Tarios:
Astrophysicist Guillem Anglada Escudé once said, “Space inspires mankind, promotes the integration of various disciplines, and promotes the reflection of the whole society on the earth.”The vision of going to Mars does not mean abandoning earth but expanding our journey to include both planets. The exploration of the red planet may even help us better solve the earth’s energy crisis and protect life here.

“We may carry out extra-terrestrial mining and even introduce the development of a multi-planet economy. ” – ESA.

Logically, no company will carry gold coins or paper money to Mars, because this will greatly increase the extra weight of necessary material delivered. In turn, this is a very inefficient way of transferring currency value.

Cryptocurrency will therefore become the best choice for interstellar exploration. Before humans set foot on Mars, begin to mine energy, and establish civilization, it may be possible to issue a currency that can be easily traded on Mars or even across planets.

It is with this vision that MarsDAO was born.

Q6 from Telegram user @KevSalom
I understand that you have a stable currency $USDM, could you tell us about the characteristics of this currency? What are the assets that support it? What are its benefits with respect to other stable currencies in the market?

Tarios:
USDM is a stablecoin liquidated with the Mars Treasury.

The assets behind it are stablecoins, BTC, ETH, UNI, etc. are highly liquid and voluminous assets such as

USDM stablecoin collects under one roof what other stablecoins cannot do together,

Decentralized, Sustainable, and No external dependency issues.

Q7 from Telegram user @KASG95
Understanding that users can get bigger profits in the long term and that Mars Ecosystem will continue to add more pools/farms, could you give your roadmap to be on the lookout?

Tarios:
No new farms and pools are being added as our team is currently focused on the Genesis Launch. BUT, as you know, DEX is also included in the Mars Ecosystem and one of the most important features that feed the DEXs is the farms. Therefore, our team will open more farms and pools for our users in the future.

Q8 from Telegram user @Bukhari2000
What is your plan for globalization?

Tarios:
Our team knows that communities are very important to the platforms on the DeFi ecosystem and that is why they are constantly working to improve the communities. Right now
🌎Global English Telegram: https://t.me/mars_ecosystem
🇨🇳Chinese Telegram: https://t.me/Marsecosystem_chinese
🇮🇩Indonesian Telegram: https://t.me/marsecosystem_IDSA
🇻🇳Vietnam Telegram: https://t.me/marsecosystem_vietnam
🇹🇷Turkish Telegram：https://t.me/marsecosystemturkey
🇪🇸Spanish Telegram: https://t.me/marsecosystem_ES
🇷🇺Russian Telegram: https://t.me/marsecosystem_cis
🇵🇹🇧🇷Portuguese Telegram: https://t.me/marsecosystem_Pt
🇫🇷French Telegram: https://t.me/marsecosystem_french

We have communities in 9 different languages/regions in total. Each community has its own manager, and these managers are responsible for the community’s growth and expansion in its region. Our team will continue to create communities for each region, stay tuned!

Q9 from Telegram user @Ratash97
What’s the role of Mars Treasury in mars ecosystem?

Tarios:
The Mars Treasury’s role, in a nutshell, is to create liquidity for USDM. But the mission of the Mars Treasury is not limited to this. Also,

✔️
Value support: Mars Treasury assets are the ultimate support for the value of both USDM and XMS.

✔️
Liquidity provision: Mars Treasury uses most of its assets to provide liquidity for USDM on Mars Swap to support the stability of USDM.

✔️
Yield-accrual: Idle assets of Mars Treasury yield earning from the Mars Ecosystem DeFi protocols or other external DeFi protocols.

✔️
External DeFi governance: Mars Ecosystem uses external DeFi protocols governance tokens in the Mars Treasury to participate in their governance to vote on proposals that are beneficial to the Mars Ecosystem.

✔️
Grants: Some assets are used to fund the development of protocols Dapps that can promote the wide adoption and use of USDM.

Q10 from Telegram user @Pklist
How can I stay updated about your project???
Provide all possible links…??

Tarios:
Of course!

To follow the latest news: https://t.me/marsecosystem_news

To chat or get help with our community: https://t.me/mars_ecosystem

To see the latest updates on Twitter: https://twitter.com/MarsEcosystem

To talk and discuss with other users on the Reddit platform: https://www.reddit.com/user/mars-ecosystem/

To get help and chat on Discord: https://discord.gg/gEWC4VVnNt

To follow us on Youtube: https://www.youtube.com/channel/UCUY30mQ_HRXDK80EoO5q_5Q

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Mars Ecosystem. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru
Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners
Mars Ecosystem Telegram community: https://t.me/mars_ecosystem
Twitter: https://twitter.com/MarsEcosystem
Website: https://marsecosystem.com

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 Heco Chain and our guest was @malibeee – representative of Heco Chain. The AMA took place on the 15th 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

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

D. | Satoshi Club:
Today our guest – @malibeee !

Bit Mamba:
Hi Mary

D. | Satoshi Club:
Welcome to Satoshi club!

Mary | Satoshi Club:
Hello and welcome to Satoshi Club 😀

Bit Mamba:
Nice to e meet ya all. My name is Anna. I’m the operating and marketing director at HECO

Mary | Satoshi Club:
How are you?😀

Bit Mamba:
Feeling super happy and exсited 😃

D. | Satoshi Club:
Awesome! 😃

Mary | Satoshi Club:
We are happy as well👍

D. | Satoshi Club:
We are excited as well!

Mary | Satoshi Club:
So, let’s start our AMA 🚀

Bit Mamba:
Let’s do that!

Mary | Satoshi Club:
And we will start our AMA with the introduction part! Could you please introduce yourself and of course introduce Huobi Eco Chain for our users if accidentally some of them are not familiar with it😀

Bit Mamba:
Sure thing.

As I said my name is Anna and I’m in charge of operating and marketing in HECO, and also responsible for HT token and our ecosystem growth.

HECO is an EVM-compatible public chain that provides blockchain developers with an efficient and low-cost on-chain environment for decentralized applications (dApps), smart contracts, and digital assets.

https://www.hecochain.com/en-us/

This is our site, you can visit to get some data about us.

Mary | Satoshi Club:
Sure! There is a lot of information there😀

Could you share more info about the team behind Huobi Eco Chain with us? 😀

D. | Satoshi Club:
Nice! also could you explain briefly how HECO is different from BSC or any other similar EVM-compatible chains? 😊

Bit Mamba:
Oh yeah of course.

Fell free to follow him for some industry insides

This is mine one: https://twitter.com/anna_liu8

The team is actually big and it counts over 250 people, all of them are living in different countries and all of them are working on a better solution for both – project developers and users.

Bit Mamba:
Just to show a part of our ecosystem.

Mary | Satoshi Club:
Satoshiclubbers, let’s follow together 👍

It’s really huge 😍

Btw, as we can see, you have many events, but maybe there are some upcoming events you would like to share with our community?

Bit Mamba:
HECO’s mainnet was online on December 21, 2020. Up to the end of October, hundreds of blockchain projects including DEX, oracles, synthetic assets, GameFi, and NFT have been running on HECO.

Definitely.

HECO is very keen to support developers, especially for GameFi developers, because HECO’s vision is to support developers at every stage of their growth.
On July 26, we launched a joint Gaming Accelerator Program for GameFi developers. We established a new partnership with Animoca Brands, Gumi Cryptos Capital, Coin98 Wallet, Crypto Art House, and YGG, to equip emerging game developers with the tools and resources they need to create and market their decentralized games. Dubbed HECO Gaming Accelerator, the program would offer investment, incubation, development, distribution, marketing, and customer support to members, as well as enable developers to collaborate together through a community platform.

HECO announced the initiation of $1 million Developer Empowerment Program. The initiative will encourage talented developers to develop and promote applications on the HECO Chain; this includes GameFi, NFTs, DEX, Aggregator projects, infrastructures, etc.

Mary | Satoshi Club:
Anna, thank you for this brilliant introduction part😀 we choose 6 questions for the next, first part of our AMA! Are you ready to start?🚀

Bit Mamba:
And actually this week we are going to have another amazing event for developers – it’s our DEMO day

which is going to be online and onside event. Everyone can join it online, so please register http://www.twitter.com/intent/tweet?text=I+am+attending+https://www.eventbrite.com/e/heco-global-demo-day-builder-networking-afterparty-tickets-209052871767?ref=estw

Ready)

Mary | Satoshi Club:
Wow! You’re unstoppable 👏👏👏

D. | Satoshi Club:
Let’s gooo! 🚀

Q1 from Telegram user @victorogb
As the Huobi Eco Chain continuous to experience robust and large adoption numbers across the globe, there was a need to organize and hold workshops and events for proper Chain education and brand promotion. This necessitated the organization of “HuobiSummit2021” on November 8th. With this event receiving a considerable promotion from the likes of CNBC, Bloomberg, SCMP, and a host of others, can you carefully talk more about this Digital Summit, what was the overall essence, and how successful was this event? Can you share some of the key moments of this Summit with us, and how will HECO look to promote and hold more of such viable summits and events as you continually improve and expand on services?

Bit Mamba:
This is a super good one.

D. | Satoshi Club:
Glad you like it 😁

Bit Mamba:
I was one of the speakers of that summit and we were discussing things all day long.

We had panels to discuss the development of the global economy, digital economy, investments, public chains, DeFi applications, NFTs, Metaverse projects, and more

Mary | Satoshi Club:
Do you have video recordings on YouTube or other services?😉

Bit Mamba:
Of course its not going to be a surprise for you that we all think that NFT technology and metaverses are the trends and I would highly recommend you to learn more about existing and future projects not to miss the gem

D. | Satoshi Club:
💯

Bit Mamba:
Let me check, I’m not sure.

Mary | Satoshi Club:
We love gems.

Bit Mamba:
I think it will be uploaded soon, once I get the video with highlights of the summit I’ll share the link.

Who doesn’t?))

Mary | Satoshi Club:
Sure!

D. | Satoshi Club:
Does HECO plan to organize some sorts of hackathons in the future? I know many other ecosystems do such an events

Mary | Satoshi Club:
True🤣

Bit Mamba:
Yes yes and yes!

D. | Satoshi Club:
Great! 😊

Bit Mamba:
Shortly after the Developer Empowerment Program, we held a Global Gaming Hackathon. This Hackathon was the first gaming-themed blockchain hackathon from the platform to provide evaluation, guidance, and support services for participants. During the event, developers and projects could also participate in workshops and demo days to connect with potential VC investors.

Mary | Satoshi Club:
Great job👏

Bit Mamba:
And this event is actually also for developers and early-stage projects, so if you join it you might find a few gems, I think. But DYOR)))

Apart from the strong support for GameFi developers, we also designed various activities with the theme of NFT and DeFi for HECO users.

D. | Satoshi Club:
@malibeee big thank you for great answers! ready proceed to the next question? 😊

Bit Mamba:
For example, we designed Lucky HECO series events, Lucky HECO series1 began on July 20. Usually, the Lucky HECO event was jointly organized by HECO and on-chain projects, crypto artists, and users who participate in this event can win NFT blind boxes.

D. | Satoshi Club:
🚀🚀🚀

Q2 from Telegram user @ItsMelissa3
On November 4, 2021, HECO announced the launch of its Decentralized Autonomous Organization, with the goal of accelerating the decentralization process, improving safety, and furthering the autonomy of the community and development team involved in HECO. What are the requirements for submitting major proposals? How many major nodes are required to initiate the decision to vote? I also read that the HECO developer team can use an emergency “freezing right”, in which cases would this tool be used and how does it work?

Bit Mamba:
The governance rules of HECO DAO are as follows:

For major proposals, two or more major nodes can initiate the decision to vote, with each major node holding one vote. The final result must have at least 51% of the total vote. Once decided, the results are executed by the HECO developer team.
Regarding time-value asset security issues or other emergencies, the HECO developer team is granted an emergency “freezing right” from the major node. The HECO developer team can immediately freeze the suspicious account, and initiate a vote within 48 hours of the incident to unfreeze or continue to freeze the suspicious account. From there, the user of the frozen account must provide the request identification/materials to unfreeze their account. All of this is to guarantee the effectiveness of handling emergency security issues and ensure the safety of user assets on the HECO chain

Mary | Satoshi Club:
How many major proposals have already been voted? How satisfied are you with the work of your DAO?

D. | Satoshi Club:
And btw how many nodes currently working in HECO?

Bit Mamba:
Heco node is divided into the host node and standby node with the specific rules and rights as follows:

For now, we have about 28 candidate nodes I think

https://www.heco123.com/en-us/vote-campaignc

Mary | Satoshi Club:
Anna, thank you for your answers! Do you want to add something or we can move to the next question?😀

Bit Mamba:
There are many other interesting activities on HECO, but I won’t extend too much with them because of the limited time. If you guys hope to know more about HECO, please follow HECO’s Twitter, Medium, Telegram or other official channels

Website: https://www.hecochain.com/en-us/
Developer documentation: https://docs.hecochain.com/#/en-us/intro
List of Heco ecological projects:
https://www.defibox.com/defirange/
https://debank.com/projects?chain=heco
Coinmarketcap column: https://coinmarketcap.com/zh/view/heco-ecosystem/

Mary | Satoshi Club:
Satoshiclubbers, you will never be bored with HECO😉

Bit Mamba:
I promise))

Q3 From Telegram User @iceVermithraxx
I understand Projects or developers can receive investment and support from Heco and have not only the opportunity to get official news reports but also can apply for marketing service packages. What are the requirements for developers or projects to receive support investment and Support from HECO? How can a Project or developer Apply For support and investment from HECO Chain? can you explain more about the marketing packages HECO Chain offer? Are there any other benefits and packages for Developers and projects that come with this investment and support from HECO Chain?

Bit Mamba:
The rules are simple, the project needs to integrate HECO or HT into its product, also your contracts should be audited, because we care a lot about the security of our users.

Worth mentioning that for the security of the public chain, developers and network security workers have made considerable efforts, but hackers are still emerging endlessly.
2021 in the first half-year chain assets loss because of security incidents is 5.1% of BSC assets loss on the same period. HECO has never been attacked by hackers since its launch. In the white hat attack of Poly Network that attracted much attention in the industry, HECO became the only one among ETH, BSC, POLYGON, and HECO that was not successfully attacked.

Also, there is no standard package of how we support projects. Because their needs are different and this is why you can send me your request and we discuss it further

Mary | Satoshi Club:
Do you accept any audits or only from a certain list of audit firms?

Bit Mamba:
Here in TG or send an email to me anya.cooper@hecochain.com

Any, but if the project doesn’t know which company to choose we always can introduce to some of us we are closely working with.

D. | Satoshi Club:
But if I’m, let’s say, leader of anon team/project, can I still count to get support and maybe investment from HECO?

Bit Mamba:
Maybe you are satoshi and your project is next bitcoin)

Let’s discuss and see)

Mary | Satoshi Club:
Ahaha🤣 100%

Thank you, Anna, for your answers! Now we’re sure that Satoshi won’t be lost in this crypto space 😀 ready to go to the next question?

Q4 from Telegram user @ProwGrowl
Heco is developing the ecosystem mostly destined to developers, however, there’re also some features available for users and one of them is Heco Wallet. I have read that it offers the most advanced technologies to safeguard users’ assets. Could you provide more details on safety features as long as to confirm if the wallet is cross chained and how many chains does it already supports? Please name some of them.

Bit Mamba:
it is a multi-platform (mobile/desktop/extension/hardware) universal crypto wallet that enables storage of all BTC, ETH/ERC20, NEO/NEP5, EOS, TRON, ONT/ONG, ENU/Telos/EOSC/BOS, BinanceChain, Cosmos, VeChain, Polkadot and HECO tokens.

D. | Satoshi Club:
Sounds cool

By the way, if I want to try to use your ecosystem for the first time, what is the best way to get Huobi token? do you have any faucets, where people can obtain fractions of HT to make their first transaction on-chain?

Mary | Satoshi Club:
Do you plan to support more?😀

Bit Mamba:
Just found the whole list for you.

I think for now this is more than enough.

Lol) all of the popular blockchains we support.

Mary | Satoshi Club:
Ohhh, this list is impressive 👍

Bit Mamba:
Indeed )

Mary | Satoshi Club:
Yes, it’s an interesting question 😃 i already forgot the word faucet)

Bit Mamba:
And your private keys of wallets are stored locally on your phone through multiple encryption algorithms to ensure the security of digital assets. We do not collect or have access to the private keys or mnemonic phrases of your wallets.

Mary | Satoshi Club:
Very important for users! 👍

D. | Satoshi Club:
Safe enough.

Bit Mamba:
Use elk.finance to bridge to HECO from 13 other chains. You can swap for HT on the way

The first HT also can be purchased through cross-chain Dex such as swap

D. | Satoshi Club:
Nice! thank you! need to save this link for future use 😊

@malibeee thanks for the answers! let’s proceed to the next question?

Bit Mamba:
Let’s do it)

Q5 from Telegram User @JesusFre1tes
It draws my attention that Houbi Eco Chain uses the HPOS consensus mechanism. My question is, how this technology helps them to improve interoperability and the number of operations processed per second? How is HPOS different from other consensus algorithms? Regarding transaction fees, how Houbi Eco Chain has done so that this is not a constraint within their network? Thank you!

Bit Mamba:
This is a difficult one to say the truth. haha))

Using this mechanism instead of PoW will save node operating costs, confirm block costs do not need to consume too much electricity. more … With this mechanism, the miners will now be validator nodes, they will receive the main reward is the fee gas of the transactions, this reward will be divided according to the proportion of the property that the validator has mortgaged.

Heco chain already supports the meta-transaction function, it will help reduce the transaction costs of users and Heco will pay this fee reduction. So meta-transaction will help minimize the operating costs of DApp developers, as well as Dapp users.

But in order to enjoy this discount, users, as well as Dapp developers, will need to hold an amount of HT tokens

and as I know Dapp’s development on Heco is the same as development on Ethereum and Binance Smart Chain (BSC).

D. | Satoshi Club:
How many HT tokens users need to hold to get that discount?

Bit Mamba:
At the technical level, HECO has a high performance, HECO can safely set the block gas limit above 100m Gwei, TPS can be up to 1500+.

Lemme share a table with you.

Mary | Satoshi Club:
Is there a problem with spam transactions on HECO? If so, how do you deal with it?

Bit Mamba:

D. | Satoshi Club:
👏

Bit Mamba:
HECO has approved meta-transaction which could greatly reduce the on-chain transaction fee of users. The meta-transaction scheme can also effectively reduce the migration cost of DApp developers, thus greatly reducing the cost of users using DApp. According to the estimation, the gas fee for normal transfer or transaction on HECO chain is only 2.5GWEI (about 0.02 USD), which is about 0.05% of Ethereum gas fee.

Mary | Satoshi Club:
It’s perfect 😍😍😍

👀

Bit Mamba:
Oh sorry missed this one)

Mary | Satoshi Club:
No problem😃

Bit Mamba:
Though there are many different anti-spam strategies, most involve prioritizing legitimate transactions over spam.

Mary | Satoshi Club:
Yes, we see that every blockchain tries to find a solution 😃

Anna, thank you for your answers! Ready for the 6th and last question from this part?🔥

Bit Mamba:
In my opinion no matter how many solutions you find they always gonna find a way to do their spam things..

Q6 from Telegram user @NataliyaKil
Heco Technical Route consists of Four Stages: Tinder, Spark, Flame, and Blaze. Why were such names assigned to each stage? How is each of these stages unique, what are the deadlines for each of them, and at what stage are you at the moment?

Bit Mamba:
Well, it won’t be a surprise if I say that Huobi and heco have Chinese roots?

In Chinese Huobi is 火币

Pay attention to the first character.

Mary | Satoshi Club:
Really?🤣 Why i am not surprised 😂

Bit Mamba:
And 火种、火花、火焰, 火焰 are Tinder, Spark, Flame and Blaze

So as you can see first character is same

Mary | Satoshi Club:
Ohh, i see!

Bit Mamba:
And that’s the magic about these names fot stages

D. | Satoshi Club:
@malibeee could you name the most popular and profitable farming protocols on HECO? where is better place to start for newbies?

Bit Mamba:
MDEX would be the best choice i think https://mdex.com/#/

D. | Satoshi Club:
Yeah, they are very popular and it’s a big player on market already 👌

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Asela1112
To celebrate the 08th anniversary of Huobi Eco Chain, You have conducted two events called APY magnifier & Golden mining events from 11th of November to 18th of November. Can you tell me more information on these events & How will we participate in these events?

Bit Mamba:
As i was saying there are always some events we do for users and developers. As an example of one you can join DEMO day this week, it’s a part of our HACKATHON http://www.twitter.com/intent/tweet?text=I+am+attending+https://www.eventbrite.com/e/heco-global-demo-day-builder-networking-afterparty-tickets-209052871767?ref=estw

Q2 from Telegram user @feranno
Why are you organizing an AMA event, what do you expect from AMAs?

Bit Mamba:
I think there are several goals we want to achieve, one of them is to increase our brand awareness, without talking to people about how else they would know about HECO.

So for example, for you, as a user now there is 1 more blockchain and it gives you.

High asset safety
Low cost
High performance

Q3 from Telegram user @surendra040
What are the wallets supported by Hecochain? Do I need to add a custom RPC URL in metamask?

Bit Mamba:
This is how to add HECO to metamask

https://medium.com/stakingbits/setting-up-metamask-for-huobi-eco-chain-heco-8a08d919f7f8

Also, you can use Huobi wallet, you will find more info about it if you read my previous messages.

Q4 from Telegram user @chinyere2020
Huobi Eco Chain announced that HECO DAO voted through the proposal of restricting visits and information queries on the official website in certain regions in order to provide users with more compliant and consistent services. Can you mention the regions that are prohibited from using information inquiry services provided by your official website? How can users from the restricted regions get the latest updates and information about Huobi Eco Chain?

Bit Mamba:
As a decentralized blockchain network, HECO Chain has been open to global developers since its launch. At the same time, the HECO community has been actively paying attention to and complying with the regulatory requirements of various regions. In order to provide users with more compliant and consistent services, we would like to have the following adjustments:

1. Anyone located in [USA, Canada, Singapore, Hong Kong, Japan, Cuba, Iran, Korea, Sudan, Syria, Venezuela, Crimea, Chinese mainland, Taiwan Province, Israel, Iraq, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Sevastopol, UK] is prohibited from using it

Q5 from Telegram user @Rakshhitx5
Why project should Choose Heco Chain instead of BSC, Solana, and ETH chains? Can you tell one advantage that Heco has and others don’t?

Bit Mamba:
Well… i think there are tons of benefits HECO can bring you.

Before I already mentioned some of them.

The gas fee for normal transfer or transaction on HECO chain is only 2.5GWEI (about 0.02 USD), which is about 0.05% of Ethereum gas fee.

Q6 from Telegram user @LuisPagulayan
How do your HECO and ELLIPAL Wallet work? Is it an application downloadable to any AppStore to access, or anything? Can your tokens be able to change to other cryptocurrencies?

Bit Mamba:
For this one please join our audio room tonight )) we will tell you more about Heco and ellipal

We'll be going live tomorrow!
Don't forget to join us and come have a chat! https://t.co/Z06iBQuRIS

— ELLIPAL (@ellipalwallet) November 14, 2021

There will be 5 ellipal wallets to giveaway and also $$$$$ prizes.

Q7 from Telegram user @hmdtadel
What features does your network have that could guarantee it running smoothly under the pressure of a lot of users and transactions ??

Bit Mamba:
HECO has a high performance, HECO can safely set the block gas limit above 100m Gwei, TPS can be up to 1500+.

Q8 from Telegram user @chinyere2020
I learned that HECO ecological foundation provides funds for high-quality development teams/projects. Are there other forms of support that the HECO ecological foundation can provide for the selected high-quality projects?

Bit Mamba:
Marketing, investment,

Emotionally? I can also support the team this way) we are very friendly at HECO

Q9 from Telegram user @KevSalom
I understand that HECO Chain is a decentralized, highly efficient, and energy-saving public chain. Could you tell us if HECO is specialized for any specific type of project? What kind of protocols or projects can be built on your chain (gaming, lending, NFT, etc)?

Bit Mamba:
HECO is good for all the types

NFT, tokens, dex, not so far ago we’ve met DAO builder platform who’s now using HECO, https://t.me/xdao_eng

We also have. a lot of GAMEFI projects these days.

Q10 from Telegram user @Xusuo
I understand that HECO chain has already created $HT token for HECO platform, but can you introduce to us what are the use and function of $HT token inside HECO Chain? do they have stake and farm function also?

Bit Mamba:
Actually, HT was not created FOR HECO

To make it easier it is the same as BNB in its ecosystem which also was not created for BSC at its very beginning.

https://cryptorank.io/price/huobi-token price chart here or any other ranking website you use.

Huobi Token (HT) is the native cryptocurrency of Huobi Global exchange. It belongs to a group of cryptocurrencies often referred to as exchange tokens. Huobi Token was issued and distributed in 2018 to Huobi users according to a special giveaway plan where platform users were rewarded with free tokens. Of the total supply of 500 million HT, 300 million were distributed to Huobi’s users, 100 million are for platform rewards and operations, and another 100 million is a reservation for team incentives.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Heco Chain. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru
Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners
Heco Chain Telegram community: https://t.me/Huobiecochainofficial
Twitter: https://twitter.com/HECO_Chain
Website: https://www.hecochain.com/en-us/

We are pleased to announce our next AMA on November 22nd 2021 at 01:00 PM UTC Time: Satoshi Club x Vodka Token

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Vodka Token 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. Vodka Token Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Vodka Token

For more details:
Vodka Token Website – vodkatoken.com
Vodka Token Telegram – @vodkatoken
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on November 18th 2021 at 03:00 PM UTC Time: Satoshi Club x ArcFinance

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join ArcFinance 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. ArcFinance Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about ArcFinance

For more details:
ArcFinance Website – arcdex.io
ArcFinance Telegram – @ArcFinance_global
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on November 17th 2021 at 01:00 PM UTC Time: Satoshi Club x Rebellion

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Rebellion 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. Rebellion Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Rebellion

For more details:
Rebellion Website – rebellionprotocol.com
Rebellion Telegram – @RebellionProtocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on November 15th 2021 at 03:00 PM UTC Time: Satoshi Club x Really

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Really 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. Really Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Really

For more details:
Really Website – realy.pro
Really Telegram – @realyofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on November 16th 2021 at 03:00 PM UTC Time: Satoshi Club x Caketools.io

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Caketools.io 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. Caketools.io Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Caketools.io

For more details:
Caketools.io Website – caketools.io
Caketools.io Telegram – @caketoolsio
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on November 19th 2021 at 05:00 PM UTC Time: Satoshi Club x Wam

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Wam 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. Wam Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Wam

For more details:
Wam Website – wam.app
Wam Telegram – @wamapp
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on November 18th 2021 at 01:00 PM UTC Time: Satoshi Club x Lord Arena

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Lord Arena 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. Lord Arena Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Lord Arena

For more details:
Lord Arena Website – lordarena.com
Lord Arena Telegram – @LordArena
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

PART 1. Introduction of Kalao project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about cost-effective NFT ecosystem.

Kalao is an NFT ecosystem powered by a combination of the Avalanche blockchain technology and outstanding Kalao VR capabilities.

The plan of AMA session:

1. Part – Introduction and preselected questions.
2. Part – Live questions
3. The Quiz about Kalao

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @Satoshi_club

D. | Satoshi Club – @Cool_as_Ice

The Representative of the project:

Observer – @Crypto0bserver – Senior partner of Muhabbit.capital and Muhabbit.com / CMO of Kalao.io

Hassan – @pazflor – Engineer

Introduction of Kalao project.

D | satoshi club:

Today our guests – @crypto0bserver and @pazflor !  🚀🚀🚀

Mary | satoshi club:

Hello  satoshi club! We are happy to announce our ama session with Kalao! Welcome to satoshi club😀

Observer:

Hello everyone!

Mary | satoshi club:

Welcome here 👍

Observer:

Thx for having us guys

Mary | satoshi club:

We are honoured to have you here 😀

D | satoshi club:

Welcome to satoshi club! 😊

Mary | satoshi club:

Let’s go 🚀

Observer:

It’s so good to be here 🙂

Mary | satoshi club:

We will start today’s ama with introduction 😀 so, @crypto0bserver, could you please introduce yourself and tell us more about Kalao😀

Observer:

Thx mary! I’m Efe, cmo of Kalao.io. Briefly, Kalao is a complete nft ecosystem with vr capabilities. Also, i’m here today with my ceo, hassan benahmed @pazflor here.

Mary | satoshi club:

@paz:flor welcome to the club🎉

Paz:

Hi everyone! Very happy to be here! Excited about the questions. Thanks mary ! 🙌🏼

D | satoshi club:

Good to have you here 😊 Btw guys, can you share more info about the team behind the project?

Paz:

Sure. Let me take this one Efe.

I’m hassan. I have an engineer background, i held various position around business development and formerly leading business strategy in luxury industry. I’m in crypto space since around 2017.my role is to develop the company, help in building the best business model and build longterm partnerships

Efe here with me is our cmo. Very well connected in crypto with plenty of ideas 🙂

Nassim has a financial engineer background, he’s also in the space since 2016/2017. He held various position helping european banks to develop blockchain projects. He’s an amazing asset!

Adrien is our cto, brilliant guy. He’s our andre cronje😀 Emeric is our vr tech lead, leading the vr devs. Great experience from gaming industry

Mary | satoshi club:

Ahaha, you’re brilliant storyteller😀

Paz:

Anthony is our head of product: linking tech to user experience and business needs. This guy never sleeps! You might see him around at any time

Mary | satoshi club:

Unbelievable 😀

D | satoshi club:

I know you are almost not sleep too  👀😄

Mary | satoshi club:

Maybe he is my brother 😂

Paz:

Brice and vincent are our ux guys! Fantastic skills! You might have checked our marketplace which we released this night. Antoine and virginie are building a complete onboarding program for artists and non-crypto friendly users. We have 6 developers on top + great advisors: John and Nick from avalabs. Omer from Muhabbit capital. Mehdi our legal advisor And we hire !!

Mary | satoshi club:

So big and experienced team! 😀

Who are you looking for? 😀

D | satoshi club:

I was about to ask question about free positions in your team 😄👍

Observer:

We are always hiring in multiple positions d! 👍 Anyone interested can check out our “carreer” section in Kalao.io

Mary | satoshi club:

Satoshi clubbers 😉 don’t miss your chance! Guys! Awesome intro! And it’s time now to dive deeper into the details of Kalao😀

Observer:

Of course! 😀

Mary | satoshi club:

We can do this with the questions from our community 🚀 Ready for them?

Observer:

Yep, born ready 😀

Preselected questions about the Kalao DeFi project.

D | satoshi club:

Q1 from telegram user @meml97

As we know facebook rebranded it’s company a few weeks ago to “meta”, where they will offer a full metaverse experience to everyone and change the way we connect, play, sell/buy and basically live with it. That being said, i noticed that Kalao has a similar goal where do you aim to provide a full immersive metaverse experience to your users as well. So, i was wondering, what will be different, and better, on Kalao than on meta? Now that we have a really big, popular company as meta diving into this metaverse experiences, why should we still choose Kalao as our go to platform? What kind of benefits will we, as your users, be able to get on your platform that has been built with blockchain technology that meta won’t be able to give us?

Observer:

Wonderful question.

We started our project end of last year, happy to see Facebook coming to the party. This means we are on something big.

We this news as huge news for all of us as i see it more as an opportunity to partner and benefit from their user base to push adoption. Meta(Facebook) will also need to rely on many third-parties and partners building on various platforms and blockchains. I don’t see them addressing all ecosystems but i see them more building relationships with strong projects (if not buying them as they like to do).

The market is huge with hundreds of use cases (from gaming to ticketing, to live stream to digital commerce). The size of the cake is huge allowing plenty of actors to get in.

Done😀

Oh, actually. I can add one more thing.

Do you want a centralized metaverse experience? Or a decentralized one? Ask yourself this 🙂

D | satoshi club:

You initially decided to build your project on avalanche? In the past year it was not such a popular blockchain, what did you find so attractive in this chain back then?

Observer:

You should see avalanche working. Avax has just begun its journey 1 year ago and now there are plenty of dapps. They are the fastest and cheapest. Also they are supporting us from day 1. We couldnt find any better match to our vision for Kalao.

Mary | satoshi club:

If meta will give you an offer to sell Kaleo, will you accept it?😂

Observer:

No way! 😀

Mary | satoshi club:

It makes sense 😀 Thank you for your answers! Ready to go to the next question?🚀

D | satoshi club:

Got it! Thank you for answer 😊

Observer:

Always! 🙂

D | satoshi club:

Q2 from telegram user   @dk177

Your advanced multiplayers mode is coming in this quarter. I am curious to know what does it offer. Although you have mentioned that it will unlock opportunities for the gaming industry, the digital art scene and the live concert streams, you have not described in detail. Can you give a sneak peek about this mode including the special features attached to it?

Observer:

Our strategy is very simple: replicate as many use cases as possible from real world and offer them virtually to our community. Hence having multiplayers mode allowing interactions betweens users, allowing you to have your human avatar, walking in our galleries or the citadel with your virtual pet while enjoying various activities is what we want to deliver.

Multiplayer mode is still being tested. We’ll share more as soon as we possibly can. I’m not a developer myself but i can easily say that we have an amazing dev team 😀

Done

D | satoshi club:

On which technology your multiplayers mode based? Will it be something that you can reveal to the public in future? Im mean nothing secret there 😏

Paz:

No worries, we’re building on unreal engine 4. It’s moving quite well but we still need to test and stabilize

D | satoshi club:

Sounds familiar

Observer:

All the popular games are developed from unreal engine btw 🙂

D | satoshi club:

Gotcha! 😊 thanks guys! Ready for the next question?

Paz:

Yup

D | satoshi club:

Q3 from telegram user @victorogb

The Kalao technology, platform features and experiences, are truly community centred in approach. A larger part of your economic model focuses more on how well users can adequately profit and make rewards from using your platform. This is evidently clear with your token distribution, which shows a massive 45% of total tokens dedicated to community rewards. Dwelling primarily on this, can you thoroghly elaborate on the various ways, channels and means by which users can earn and remain profitable? Also, can you fully explain how your community rewards allocation will be properly utilised and allocated over time, and Kalao strive to keep its community properly incentivised and thoroughly engaging?

Paz:

Ok i take this one

We have a strong economy allowing our users to earn klo on one side and offering plenty of use cases to spend or stake them on the other side. This was described in a medium we’ve released couple of months ago.

Users will be able to earn Kalao by contributing to the ecosystem: volume based on the marketplace, traffic generated in Kalao vision, in the citadel

Just to clarify, the 45% you mentioned are scheduled to be distributed over 10 years

Mary | satoshi club:

So, 4.5% every year?

Can you explain on examples how we will be able to earn?

Paz:

Sur for example: you sell, you earn. You create, you earn. You explore the citadel and play minigames, you earn

Mary | satoshi club:

When i buy?😂

Paz:

You earn as well. On the other side, we have a lot of use cases (detailed in a medium) to incentivize users to buy and use klo tokens

This needs to go together

Mary | satoshi club:

Super 👍 cool system!

Paz:

Users earn on one side, users spent or stake on the other side. For those who want to benefit from Kalao features obviously

Done

Mary | satoshi club:

Thank you! Very clear! 😀 Ready to jump to the next question?🔥

Observer and Paz

Yes, Yep, Yeah👌

D | satoshi club:

Q4 from telegram user @ask4unik

You’re giving out invitations for people to jump into the citadel to enjoy full metaverse experience. Buy land,rent them .as a newbie,how can i purchase this land?will buying this land increase my$avax reward? What’s the time frame for purchasing this land and renting it?it also gives room whereby users can promote their business in their slots,live stream concert in rooms that you own or rent and invite people to join you with a flute of champagne.will users generate passive income by inviting guest to the concert? Enlighten me thanks

Paz:

Excellent question. Or questions i should say 😅😅

Ok the citadel is not ready yet and exact details/figures are still being worked on. Indeed you’ll be able to buy or rent virtual spots, spaces. We expect to release the citadel in q1 2022. This will be huge to us and will allow plenty of activities and incentives opportunities to users. Indeed users contributing to the ecosystem and therefore bringing active users/guests is something that will be rewarded somehow

Please think of the citadel of being a complete virtual world which will keep evolving to offer more activities and more services

Mary | satoshi club:

Sounds like a dream.

Which special contributes do you need now?😀

D | satoshi club:

Have you planning any form of land sale? Most nft projects do, as i know

Paz:

We’re not selling them as of yet. You’ll have to wait a bit for this 😅😅😅 Indeed, some projects are selling assets before having launched any product.

D | satoshi club:

I would say most of them 😄

Paz:

This is not our strategy, we wanted to deliver and release first

D | satoshi club:

Nice

Mary | satoshi club:

I love this👏

Paz:

We’ve released 2 products this night. We’ll need enhance the experience with more features. The citadel is being worked on full speed as we speak. As soon as we feel it’s the right time, we’ll start selling some of the spaces

Mary | satoshi club:

I think mark is late with meta😂

Observer:

He should have been faster.

Mary | satoshi club:

True😂 Thank you for your answers! Ready for the next question?😉

Paz:

Let’s go !

D | satoshi club:

Q5 from telegram user @yellowchamp

I found out that one of your major milestone is the launch of Kalao nft marketplace and with this marketplace, we can explore,sell and create nft.i noticed that the medium of payment in your nft is $avax token,so why do you choose $avax token as the medium of payment in your marketplace and not your own token? I also noticed that we can only connect metamask in your marketplace,so what about other wallets like trustwallet or other wallets,do you plan to also integrate it in your marketplace? As we can sell and create nft in your marketplace,what will be the profit-sharing when nft will be sold out in Kalao marketplace? Lastly,as a new nft marketplace how would you promote it to the market and any advantages in buying nft in your marketplace? Thank you

Observer:

Nice one. I got this.

Avax was the easiest one to start as soon as possible. We did not want to allow payment in klo before having all klo staking features ready giving incentives to users to hold and stake their tokens to benefit from features. Staking features will come, we’re working on it.

Metamask is obviously not the only wallet we want to offer. We’re already working on adding a few ones. All the obvious ones will be available soon on our marketplace. We are in talks with coin 98 team in the meantime 😉

Mary | satoshi club:

So, in the nearest future klo will be accepted as payment method as well?😀

Observer:

If you sell your nft, we apply 2.5% fees.

If you go for a full collection through Kalaogo (we manage smart contracts, claim process, marketing, etc.), fee will depend on the nature of the collaboration/partnership, the roadmap, value proposition of the project. It will not go over 15%.

D | satoshi club:

What will happen if your platforn will have some sort of cyberattack and users lost their funds somehow due that case? Can you financially back them up somehow after that incident?

Observer:

We are considering that that option too. This is being worked on

Paz:

We are not holding any funds. We’re not a custodial service. There’s no risk on that side

Observer:

Last question of your questions 🙂 we will bring some of the best assets. We are very much focused on bringing top quality ones. We have interesting collabs in the pipe addressing all types of users. That’s how you bring users, by offering top quality assets!

Done.

D | satoshi club:

Thank you, guys! Great answers!

Mary | satoshi club:

Thank you for your answers! Ready for the 6th and last question from this part?🚀

Paz:

I’m ready

D | satoshi club:

Q6 from telegram user @lena_v10

While looking your website i saw that “artists can personalize their unique Kalao gallery as they wish, create an event (public or private), and showcase all their artwork.” Therefore, can tell us that without organizing any events the creators can’t sell their items? How the event will be conducted? How much fees is required to create an event? Without creating an event can the users showcase their artworks in their gallery or after organizing an event they are allowed to showcase their artworks? Who will be the audience for their events? And, can you differentiate between the private and public events? Which type of event will be more beneficial for the creator to exhibit their artworks to overall users of Kalao platform? Lastly can you tell us, will events be organized at virtual metaverse world or through any kind of articles? Thank you.

Paz:

I take this one Efe

D | satoshi club:

Tons of questions 🤣

Paz:

😂😂😂😂 indeed. Smart ones !

Yes first of all, anyone can showcase their nfts in the gallery without having to organize an event. This can be public or private, up to the users. We’ve released the solution yesterday, please enjoy it 🙂

Plus, we also want to have the users being able to organize live stream event in our virtual environment. This is not ready yet, this will come together with ticketing framework capabilities. So they can sell tickets (which are nfts) and this will give access to users to the event (webinar, live stream seminar, live concert, anything)

And last but not least, we’re already in discussion with a few artists to organize some events for q1 2022. Cannot disclose it obviously as it’s not finalized yet! But the whole team is very excited about it 😁😁

Done

Mary | satoshi club:

Do you have a roadmap which you can share with our community? 😀 We will put notifications on your future events 😂

Paz:

Yes, we do have one on Kalao.io but it is currently being slightly adjusted. Main thing is the citadel moving to q1 2022. Everyone please, go and visit Kalao.io. You’ll find plenty of usefull info

Mary | satoshi club:

Satoshi clubbers, don’t miss an opportunity to take your seats in citadel 😂 Thank you for this awesome first part, guys! I am already dreaming about my virtual world👍

Paz:

Thanks Mary! Very much appreciated👍

Mary | satoshi club:

And now we came close to the next part of our ama – live part🚀 are you ready for the storm?😉

Observer:

We born ready !😀

Mary | satoshi club:

Let’s go 🚀

PART 2.Questions about the Kalao project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Kalao crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @Whitebreadmangojam

Please provide more information on your ROADMAP. What are the most anticipated plans and events for the next few days, months or years that we should be aware of? Or is there any plan at all?

Paz:

We just launched our marketplace and Kalao Vision which is our galleries concept. Next step is to make sure we stabilize everything while adding more features on the marketplace. KalaoGo will be released end of november and we will be able to propose you interesting NFTs projects launching on Kalao directly. Staking features is the next milestone. Multiplayers mode, Avatarization, Virtual pets are features queuing right after

Q – 2 from a telegram user @surendra040

45% token is allocated for community rewards . what is the token distribution amount for team and where can I find more information about remaining tokens distribution? 

Paz:

15% allocated to the team. Locked 6 months and vested over 3 years. all metrics are available on Kalao.io

Q – 3 from a telegram user @Ratash97

You said that kalao NFT ecosystem has multiple usecases what are the different applications you offer?

Observer:

We have pretty unique features. We have KalaoGo, you can consider it like an IDO of an NFT project.
Also we have a solid foundation to support any kind of real world usecases. Imagine yourself in a museum in paris, and move it to kalao’s metaverse .
On the other hand, if you want to build your own unique gallery, we are providing that service too. We are giving it to you as an NFT and you can rent or sell your own VR gallery as you want 😀

Q – 4 from a telegram user @isabella_blackk

After a little research, I realized that there is a “KALAO” bird with the name of your project. Did you get the inspiration from the KALAO bird when your project was named? What is the trace you want the name “KALAO” to leave on us?

Paz:

heyhey yes ! well done! It is a colorful bird and we thought that it was quite well reflecting the spirit of the team and what we’re trying to bring here. Alternative colorful metaverse lives 😁😁

Q – 5 from a telegram user @Do_Rae

Is your project only for elite investors, what about others with small funds, is it open to everyone?

Observer:

No! We are open to everyone in NFT ecosystem. We have closed our Private and public rounds. KLO is already on the market. You can find it in every Avax dex and gate.io

Q – 6 from a telegram user @Karry1999

Some of the Strategic Partners and Investors of the KALAO are AVALANCHE , MAVEN CAPITAL , FANTOM , IPC and many more , Will you please talk more about your Investors and partners and How they are Crucial for the KALAO PLATFORM?

Paz:

We have great partners. on top of the ones you mentioned we also have Lemniscap which you all know, Avalabs, Avatar, Muhabbit Capital and plenty of other ones. these guys are very helpful, providing resources, advices, intro and network, technical support. We’re quite satisfied with the service they provided so far and they want to do more in the future which is great!

Q – 7 from a telegram user @messilolz

Strong project has strong partnership and collaboration achievements. Tell us about your visions and achievements till now? Also what do you have for next year202?

Observer:

I think the most important part of 2022 is the citadelle. With the citadelle update, you can expect any kind of partnerships from the team. limit is your imagination 🙂
Also, we are considering some options about the other blockchains too along with event ticketing, digital commerc and FIAT on ramp.

Q – 8 from a telegram user @Sulekh1979

You have said that The potential application of our Kalao NFT ecosystem is unlimited , May I know Some of the Major Real Worls Use Cases Or the Applications of the KALAO NFT Ecosystem?

Paz:

Excellent question! it’s unlimited because you can replicate pretty much everything from real world to virtual environments. The ones we are full speed on right now as we speak is the ticketing framework one with possibility to live stream event directly in our virtual space. I come from luxury industry, I see luxury goods digital commerce evolving in 3 to 5 years time embracing virtual experiences.

Q – 9 from a telegram user @chinyere2020

I learnt that Kalao is offering some job/career opportunities to interested and capable people. What are the career opportunities available and how can interested users contact Kalao?

Observer:

Please visit kalao.io, you will find a careers section. Now, We are looking for a blockchain devs- fullstack devs-web3 devs and an english native content creator 🙂
We are offering a good remote environment with an experienced team along with a VR headset and warm cookies with milk😀

Q -10 from a telegram user @Bukhari15

In the Q1 /Q2 2022 , You have planned to Introduce the KALAO GOVERNANCE : DAO , Can you please tell me More Information Regarding the DAO and How Community Can participate in the Community voting?

Paz:

Absolutely. We want our community to participate to the development of the ecosystem and we will therefore deliver a DAO concept. users will be able to stake KLO tokens to vote on proposal. above a certain Tier (if staking more than X $KLOs), you’ll also be able to propose features and services for users to vote. Please be also aware that 25% of the fees collected on the platform are being reallocated to a DAO wallet already in preparation of this DAO service

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Kalao project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

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Our Crypto Partner by this AMA: Kalao

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