Part 1: 50$ /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 50$/5 users – Open chat for 120 seconds. You can post Max 3 questions. Pollen Spanish Team will select 5 questions and answer them.
For more details: Pollen Spanish – @pollen_dao Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
Part 1: 50$ /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 50$/5 users – Open chat for 120 seconds. You can post Max 3 questions. Lucid Lands Spanish Team will select 5 questions and answer them.
For more details: Lucid Lands Spanish – @LucidLandsOffical Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Izumi and our guest was . The AMA took place on the 9th of December.
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Izumi! Welcome to Satoshi Club
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Hello dear Satohiers! We continue our AMA session with our guests from IZUMI Finance
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: @JoeDoe21 Welcome in Satoshi Club!
Dima: Hello everyone, I am Dima from izumi Finance! happy to be here with you.
Mary | Satoshi Club: Hello Dima, happy to have you here today
Mary | Satoshi Club: How are you?
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: It is our pleasure as well to have you as a guest
Dima: Feeling great and very excited to share with you new project that is called izumi Finance, the first protocol that supports t Programmable Liquidity as a Service.
Dima: Thanks for asking!
Mary | Satoshi Club: Awesome! Than let’s start our AMA with intro
Dima: Sure!
Mary | Satoshi Club: Could you please introduce yourself and tell us more about Izumi
Dima: Thanks, Hello everyone! I’m Dima from izumi Finance, very happy to meet you guys. Izumi Finance is the first protocol to support Programmable Liquidity as a Service (LaaS) and extend to multi-chains.
Dima: Izumi Finance wants to help liquidity providers earn additional liquidity mining rewards as well as trading fees on Uniswap V3. On the other side, it will help protocols attract liquidity in an efficient and lasting way.
Mary | Satoshi Club: What is your position at Izumi? And could you introduce your team for our community . Who are in it? How big is it?
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Are you a country-based project or spreaded in a world wide network? @JoeDoe21
Dima: Sure! I am co-founder of Izumi Finance. We have a big international team from different parts of the world.
Dima: Izumi Finance is founded by DeFi veterans from Binance, Huobi, PancakeSwap. We have strong technical strength and industry experience.
Mary | Satoshi Club: How big is it? Are you public or anonymous?
Dima: We are anonymous and we have 25 people in the team
Mary | Satoshi Club: Gotcha!
Mary | Satoshi Club: How long did you develop your project?
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Is there any chance in the future you will go public or you prefer to stay anonymous?
Dima: We have been developing it since UniSwap v3 was realized.
Dima: We got the idea and did lots of research from Q1, 2021
Mary | Satoshi Club: Agree, researchs are quite useful before starting a project!
Mary | Satoshi Club: Thank you for your intro, Dima! Now let’s dive deeper into the details of Izumi with the questions from our community . Ready for them?
Dima: Sure, let’s do that!
Mary | Satoshi Club: Q1 from Telegram user @iceVermithraxx Izumi Finance provides Programmable Liquidity as a Service (LaaS) firstly on Ethereum with Uniswap V3, and then will extend the liquidity service to multi-chains with built-in DEX and I understand that that izumi Finance has 4 modules which include R3 Vault, V3 Toolbox, C-AMM bridge, V3 NFT mining. Can you elaborate on these 4 modules of izumi Finance and their Features? How can users’ access and use each of these Modules of Izumi Finance? Are there plans to increase the number of Izumi Finance Modules?
Dima: Thanks for the question! we could say the 4 modules is the early stage, now we have ：LaaS on Uniswap V3:LiquidBox The izumi Finance LiquidBox provides programmable liquidity mining (LM) tools with Uniswap v3 LP NFT, which enable protocols to provide incentives precisely and efficiently in certain price ranges, which can optimize liquidity distribution and encourage users to stake Uniswap V3 LP tokens to earn extra rewards.
Dima: Discretized liquidity AMM on multi-chains: iZiSwap Extend concentrated liquidity service like Uniswap V3 to multi-chains. Limit orders will be supported with iZiSwap, and it will be compatible with orderbook and Uniswap V3 that enhance capital efficiency for multi-chains.
Mary | Satoshi Club: Can you explain on example how useful it can be for average user?
Dima: iZiSuite: including the C-AMM Bridge, to support various demands for the future of on-chain trading! izumi’s C-AMM bridge to make the cross-chain transaction cost less than 1 minute and with a low gas fee. Also it including the multi-chain trading infrastructure and relay network and build more trading tools with the community.
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: What are the requirements to use Izumi LiquidBox?
Dima: Sure , just stake their LP token and earn rewards or even double farming rewards! When they provide liquidity on Uniswap V3 to earn trading fees, theywill also get an NFT LP token that represents their Liquidity share.
Dima: Users can stake your NFT LP token on izumi.finance to start farming and earn extra incentive tokens provided by different project teams and izumi governance tokens.
Mary | Satoshi Club: Is your platform already live?
Dima: The protocol will be officially launched very soon.
Mary | Satoshi Club: Oh, got it!
Dima: In late December it will be live.
Mary | Satoshi Club: Thank you for your answers! Ready for the next question?
Dima: Izumi Finance only lets the users stake their UniV3 LP NFT (not the principal) onto izumi Farming Platform so the principal of liquidity will be kept in Uniswap V3, it will be very safe and no chance for izumi team or anyone else who are able to access the principal.
Dima: Done
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Q2 from Telegram user @chinyere2020 I learnt that the Izumi testnet is live at the moment? Can you give some details about this testnet? How long will this testnet last? How can users participate in your testnet? Are there any requirements that users must meet to be eligible to participate in the Izumi testnet? Where/How can users get a guide on how to go about the Izumi testnet? Will there be any form of incentives that are users who participate in the testnet will enjoy?
Dima: Let’s answer on the next one
Dima: Thanks for the question!
Dima: If you want to test our testnet, please, fill out the form with the following link(https://forms.gle/XCRm3v4UohiU4iS18)and tokens will be sent to you in a short time. Unfortunately, no incentives are given for using testnet, however, you can check our weekly meeting where you have a chance to get whitelisted for the IDO in late December.
Dima: Done
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Where will be the IDO?
Mary | Satoshi Club: Which network do you use for your testnet?
Dima: The details about IDO have not be announced yet, please follow our official channels for the latest updates.
Mary | Satoshi Club: We definitely will
Dima: It’s our private network.
Mary | Satoshi Club: Hm, i don’t understand, sorry) Projects, for example are using Ropsten, Rinkeby on Eth)
Mary | Satoshi Club: As well as another blockchains have the same test networks
Dima: Yeah , but some projects use their own built networks like networks you mentioned above.
Mary | Satoshi Club: Oh, that’s cool!
Mary | Satoshi Club: Thank you for your answers! Ready for the next question?
Dima: Go ahead with the next one!
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Q3 from Telegram User @Highpee You will have two tokens which are iZi and ve-iZi. These two tokens will have a boosting feature. iZi and ve-iZi will allow users to earn a boost of up to x2.5 on liquidity incentives. I will like to know how these tokens will enable further earning boosting, dividends distribution and individual earning weight is determined. Will this require staking or lock up for a specific duration? Is this feature applicable to all created pools within Izumi concentrated liquidity platform or is it limited to some selected UniV3 liquidity mining incentives project pools? Also, can you provide an overview on each tokens and their relevance apart from their boosting feature?
Dima: Thanks for the question!
Dima: iZi token holders could stake their iZi token for any specific liquidity mining pool without any lockup period.The boost mechanism will calculate your earning weight by taking the smaller amount of two values. It will be possible for every pair that are available on our platform.
Dima: This algorithm is designed according to the CURVE boosting algorithm
Dima: iZi token is izumi platform’s utility token, it can be used to pay for cross-chain trading fees, incentive pool set-up and other tools’ usage.
Mary | Satoshi Club: Could you share your tokenomics with our community please
Dima: Additional, users need to stake iZi token to acquire ve-iZi token, which is izumi platform’s governance token that enable holders to be eligible for a range of benefits and participate in governance.
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: How many tokens should we introduce to staking and for how long?
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Do you have some tiers regarding the staking system?
Dima: sure , total supply is 2 bilion
Dima: We don’t have any tiers with the staking.
Dima: 55 % will be distributed and owned by the ecosystem which will facilitate modern DAOs norms in the future.
Mary | Satoshi Club: Will you have lock up periods for staking?
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: How about vesting time?
Dima: Yes, we will have lock up periods for staking ve-iZi token. ve-iZi is not tradable or transferable and can only be obtained by staking iZi tokens. The amount of the ve-iZi balance is based on the amount of iZi tokens locked
Dima: The vesting time as follows :
Dima:
Dima: Here you go
Mary | Satoshi Club: Thank you for your answers! Ready to jump to the next question?
Dima: Sure
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Q4 from telegram user @Rotoxy You plan to operate as a multi-chain and your aim is to enable multi-chain users a privilege to utilize the rich financial benefits of Uniswap V3’s concentrated liquidity. These will be made possible using your cross-chain and Concentrated Liquidity Automatic Market Maker which you fondly like to call C-AMM. I will like to know how the multi-validator relay network of C-AMM is used to create a bridge between chains and how users from external chain can use it to financially benefits of Uniswap V3. How does C-AMM auto adjusts exchange rate or utilizes arbitrageurs and market power when auto-rebalancing between two reserve pools thereby ensuring capital efficiency which is a crucial when liquidity is segmented into different chains?
Dima: Thanks !
Dima: The pool will be officially controlled at the beginning, and we will subsequently open it up to users to add liquidity.
Dima: Cross-chain liquidity-swap: reserve pool of tokens on each side. The user experience will be like sending USDC to the reserve pool on ChainA and receiving USDC from the reserve pool of ChainB a while later.
Mary | Satoshi Club: Which blockchains you will add for your multi chain operations?
Dima: It shall be noted that the transferred USDC is officially issued token instead of bridge wrapped token.
Mary | Satoshi Club: That’s nice
Dima: Such as Ethereum, Binance Smart Chain, Polygon, Optimism, Fantom, Harmony, Cardano, and Solana, for example. All EVM-compatible chains will be added first and then Solana and Cardano.
Mary | Satoshi Club: Great! A lot of chains!
Dima: We extend the Uniswap V3 to multi-chains and hope we could help Defi users to enjoy the capital efficiency.
Mary | Satoshi Club: Thank you for your answers! Ready to proceed?
Dima: Yeah , please go ahead for the next question!
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Q5 from telegram user @UniqueVicky I saw that izumi finance has partnered with several companies including leading popular organizations like EVEREST VENTURE GROUP – a fintech studio focusing on the future of finance and digital assets, Tess venture,lucidblue venture,puzzle venture,YOUBI CAPITAL, ICG(a multi-mission organization) and some others.can you explain the basis and the extent of your relationship/ partnership with these companies? Can you please discuss to us what value could this formed partnership brings to izumi finance’s table? How will this partnership assist you in risk assessment, liquidity services etc? What workability structure of these companies have you adopted to into izumi finance,and in what will this optimize the your platform?
Dima: Thanks for the question.
Dima: As we are the first protocol to support liquidity mining on UniV3 and we got lots of support from Uniswap,we have be invited to their “Uniswap Community Call #14” and attracted about 200 Uniswap community members participating.
Dima: We are constantly probing the ecosystem for new partnerships that are mutually beneficial.
Dima: We’ve already got solid support from the investors and partners from like Bybit, Polygon, Dodo, Nansen, Perp.
Dima: Done
Mary | Satoshi Club: Thank you, very detailed answer! Btw, we had ByBit here today! Great guys!
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: By the way, have you done the Audit?
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Or when it is planned and by whom?
Dima: Security always be the first and it has been done already by CertiK
Dima: Thanks!
Mary | Satoshi Club:
That’s nice! Congratulations once again!
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Can you share the link with us please?
Dima: Audit reports will be released very soon
Mary | Satoshi Club: We will follow your updates
Mary | Satoshi Club: Thank you for your answers! Ready for the 6th and last question from this part?
Dima: let’s go for the last one !
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Q6 from telegram user @victorogb Late last month, Izumi Finance launched its Global Ambassador Program with the aim to reward its enthusiastic community. Since programs of sort are usually adopted my major projects as part of their concerted marketing approach, can you talk extensively on the specifics with the Izumi Ambassadrs Program, cam you brief us on the selection process? What qualities is Izumi Finance looking out for from its prospective Global Ambassadors? Also, is stated that this program will run along side a series of community building tasks, can you briefly shed some insight on this?
Dima: Sure, we really want enthusiastic community members to become our Ambassador. And we want our Ambassadors to both have the motive and ability to carry these things.
Dima: Here is something about Ambassador tasks of the first month
Attend weekly community calls in discord and invite people to attend
Responsible for the corresponding language channel in discord and inviting people to join. Keep the channel active.
Responsible for forwarding official information to your own channel and translating and explaining, such as official daily tweets and some important news or events.
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Do you have some local communities already?
Dima: We have at the moment Russian, Spanish, Turkish, Chinese communities and very happy to extend the amount of local groups.
Mary | Satoshi Club: Thank you for your answers! Please share your official links with our community, so they won’t miss important news
Mary | Satoshi Club: Satoshiclubbers, join
Mary | Satoshi Club: And are close to the live part now
Mary | Satoshi Club: Dima, are you ready for the storm of questions?
Dima: I am ready
Mihai Pisica | @Satoshi_Club | AMA/Marketing Department: Prepare you umbrella
Mary | Satoshi Club: Let’s go .
Part 2 — live questions from the Telegram community
Q1 from Telegram user @habibi_ve:
Is Izumi accessible to small investors? How much would be the minimum amount I could start with to grow? With low amounts, how high would the APRs be?
Dima:
First, you could farm with no limit of money ticket size, even $10 could farm and get around 300% APR
Second, we will support multi-chains and support service on your favorite chain. The gas fee coud be less than $0.1 so no worries about not being able to join izumi LiquidiBox!
Q2 from Telegram user @smelekin:
Do you have in mind to create any Ambassador Programs for reaching people in different countries?
The name “izumi” sounds like it comes from Japan, right? And what does it mean to the team?
Dima:
Izumi, meaning “the spring of water” in Japanese, also stands for liquidity in the crypto world.
Q4 from Telegram user @Manugotsuka :
In Izumi, liquidity providers receive incentive rewards based on a value range set by users. If the value range is met, the LiquidBox will issue a liquidity mining token reward for the provider based on the incentive program. What happens if the price exceeds the range?
Dima:
If the current price is out of range, u can’t get the trading fees of cause, but if it still in the incentive range, u also can get incentives
Q5 from Telegram user @Urmilaakt :
izumi Finance is said to be built on Ethereum network with it’s Ticker as iZi an ERC-20 token on Ethereum. Considering the high gas fee associated with Ethereum, why did you choose to build on Ethereum network? Have you partnered with any Layer 2 protocol to solve this high gas fee? What are your plans for Cross-chain and Interoperability adoption with networks like BSC or Polygon with lower gas fee and faster transactions?
Sir.
Dima:
Because there is most TVL on Ethereum network. Sure, we will work on that and cooperate with the Layer 2 protocol. But before that, we will build our products on other networks with lower gas fee like BSC or Polygon.
Q6 from Telegram user @alptrader:
One of the most important thing about a success of a project is partners so do you have any strategic partnerships?
What vital problems will you solve in DeFi with Izumi? Will you also offer new services to solve different DeFi related problems in the future?
Dima:
Izumi Finance wants to solve two crucial problems faced with many Defi protocols and users:
Incentive inefficiency
2.Pool 2 dilemma – high APR incentives brings high inflation rate and sell pressure izumi’s Liquidity as a Service could help projects distribute incentives in an efficient way to attract liquidity on Uniswap V3 and meanwhile we help liquidity providers on Uniswap V3 earn more rewards other than just trading fees. That’s can make protocols and liquidity providers to reach a common goal，not a conflict.
Q8 from Telegram user @MOONB0Y:
I tried entering your website using different devices and browsers but it took so long to load, is that a problem in my internet connection or is it in your website and you guys are working on it ??
Dima:
sorry for the inconvenience, however, we havn’t official launched our website, and our tech team is probing and testing sometimes. It’s may lead to some loading problems or some bugs.
Q9 from Telegram user @Mejaniyam :
Can you speak on how can get started on Izumi platform and will one need to go through KYC before registering on your platform?
Dima:
No need for KYC, we are on Web3. The only thing you need is onchain wallet like Metamask and check our website http://izumi.finance , then u could enjoy the high APY farming with izumi.
Q10 from Telegram user @atillayeni :
Does your smart contract involve any airdrop mechanisms for the community and are there any bounties for the community?
Dima:
Yeah, there will be support of such functionality . Normally, there will have a weekly community call on Friday, and more online events wherein you can earn points. In the future, there’ll introduce more point-based rewards, like points for airdrops,etc.
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
Part 1: 50 /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 50/5 users – Open chat for 120 seconds. You can post Max 3 questions. Pollen Russian Team will select 5 questions and answer them.
For more details: Pollen Russian – @pollen_dao Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Astra Guild Ventures and our guest was . The AMA took place on the 9th of December.
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Astra Guild Ventures! Welcome to Satoshi Club
Gold Rocket | Satoshi Club: Greetings, dear Satoshi Club community!
Gold Rocket | Satoshi Club: Today our guest is @yeskay
Mary | Satoshi Club: @mctherrera hello and welcome to Satoshi Club
Clarry: Hi, everyone! Pleasure to meet you all! Thank you very much for the opportunity
Mary | Satoshi Club: Hello! Happy to see you here
Mary | Satoshi Club: Let’s start our AMA
Gold Rocket | Satoshi Club: Nice to e-meet you
Clarry: Likewise!
Gold Rocket | Satoshi Club: Let’s start! Introduce yourself please. How did you get to be involved in crypto & Astra Guild Ventures
Gold Rocket | Satoshi Club: Also give us a brief introduction to the project. What is the essence of Astra Guild Ventures
Clarry: Aight, sure. I’m the CMO of Astra Guild Ventures. I’ve been in Crypto since 2017. Prior to joining AGV, I’ve served as VP of Services of a digital agency and later on founded my own.
Gold Rocket | Satoshi Club: Great experience
Clarry: Astra Guild Ventures or AGV is a Decentralized Autonomous Organization that invests in NFTs, P2E games, and other blockchain projects. We basically aim to connect investors to play-to-earn players to maximize yield on NFT assets. Our mission is to build a global community of tech leaders, investors, enthusiasts, and p2e players.
Gold Rocket | Satoshi Club: Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?
Clarry: Sure
Gold Rocket | Satoshi Club: Q1 from Telegram User @yellowchamp According to one of your medium article that Astra Guild Ventures is a Dao that invests in NFTs, P2E games, and other blockchain projects and part of the mission of the DAO is to build a global community of investors, tech enthusiasts, and P2E players. So,while building a global community of investors how does the profit-sharing will be taken place in your platform?As a Dao that invests in NFTs, P2E games and other blockchain projects,so can you tell us what kind of NFTs, games and blockchain projects are you investing with and how does it gives a better profit in your platform and any pros and cons for investing with NFTs, games and blockchain projects? Any gainful benefits and advantages for investors, tech enthusiasts, and P2E players as they are joining Astra Guild Ventures? thank you
Clarry: We focus our investments on p2e games that we think have (1) good gameplay; (2) great potential in terms of marketability; (3) sustainable economics; and (4) created by a solid team. Recently, we’ve invested in a florida-based gaming studio, Blue Monster Games, Inc. who created Kart Racing League
Mary | Satoshi Club: What about profit sharing? What system do you have?
Clarry: The main benefit that I would say would be the opportunity to part of a project that will aims to build a whole ecosystem around play-to-earn gaming. Right now, our team’s working on the AGV launchpad which will give an accessible platform for new projects to launch.
Mary | Satoshi Club: Cool
Clarry: Regarding profit sharing, there is no profit sharing in place as we’re not a security token.
Mary | Satoshi Club: Gotcha!
Gold Rocket | Satoshi Club: Thanks for your answers! Do you want to add something? Or ready for the next question?
Clarry: Sure
Gold Rocket | Satoshi Club: Q2 from Telegram User @Ask4unik Astra Guilds successfully closed it’s private sale round B with$3.0million last November 30th 2021 that’s a massive and impressive sale record, the funds realized will be used for Marketing AGVs public sale launch, management expenses and for acquisition of new NFTs and equities on companies that develop p2E games Dec 10-16 will be your public sale launch on the AGV website there would be interested ones who would love to participate in your, can you give us a brief explanation on how to participate in this round? what will the profits realized from the public sale launch be used for?since that of the private sale round B is already covering up a lot of expenses?Whom are we expecting to participate in the public sale round?
Clarry: Interested individuals wo want to participate in the public sale will have to go to the AGV website and create an account by connecting their metamask wallet. Then from there, they can purchase AGVs directly on their dashboards.
Regarding profits, the opportunity here is to get AGVs on a very early and low price. We believe that the price of AGV is undervalued considering the earnings and progress of our project.
Clarry:
Clarry: Here’s a quick infographic about gaming guilds and their market cap for reference
Mary | Satoshi Club: It will be first come first serve?
Clarry: Funds from the public sale will be utilized to acquire NFT assets, use for the development of the AGV launchpad, and for marketing the token as we enlist it on exchanges
Clarry: Yes
Mary | Satoshi Club: Which currencies we will be able to buy with?
Clarry: USDT-ERC20 and ETH
Mary | Satoshi Club: Is there any minimum amount?
Clarry: Equivalent of 100 USD is the minimum
Mary | Satoshi Club: Awesome!
Mary | Satoshi Club: Wish you good luck with public round
Mary | Satoshi Club: Thank you for your answers! Ready to go to the next question?
Clarry: Thanks! Yep!
Gold Rocket | Satoshi Club: Q3 from Telegram User @Anne_Tim Astra Guild Ventures also aims to create one of the largest NFT communities in the world, composed of individuals from every nation and every social class. Having new scholars, managers, ambassadors, contributors, streamers and influencers within the community will evangelize, not just NFT gaming, but also cryptocurrencies in general. Please talk more about the actions taken to support AGV community and the roadmap of future initiatives (any development programs, events, rewards within AGV)? What is amount of AGV community for the moment? Does the community have a right to vote in the Governance Board? Thanks!
Clarry: What is amount of AGV community for the moment?
Right now, we have almost 200K members across Discord, Twitter, Telegram, and Facebook. Discord is currently at 51K+ members
Mary | Satoshi Club: It’s incredible numbers! During what time did you get such support? Are your social media young?
Clarry: We’ve started our social media channel SEP 2021. We’ve really tried to build the community first before anything else
Mary | Satoshi Club: You’re fast enough
Mary | Satoshi Club: I am sure that’s just the beginning . Thank you for your answers! Ready for the next question?
Clarry: About empowering our community, we’ve actually allocated 35% of our token supply for community-related activities. We’ve also put a system in place to empower guild members especially the players to continuously develop their skills
Clarry: For the DAO, only token holders are able to vot
Clarry: Sure
Mary | Satoshi Club: We have next question on this topic
Clarry: Sure
Gold Rocket | Satoshi Club: Thanks for your great answers
Gold Rocket | Satoshi Club: Q4 from Telegram User @DK177 The split of $AGV allocation is 35% for community, 30% for investors, 20% for treasury, 12% for founders, and 3% for advisors. I could not see separate allocations for private and public sales. Which portions will be allocated for those purposes? Your public sale starts on December 10th. I assume users will receive tokens from the portion allocated for the community. Am I correct? Please let the community know which percentage of the total token supply has been allocated for fund raising events such as private and public sales. Further, what are the utilities of the portion of 35% allocated for the community? Do you have plans to introduce community activities such as rewarding systems and airdrops in the future?
Clarry: Private A sale had 7.50% (150,000,000 AGVs) of the total token supply Private B sale had 1.88% (37,500,000 AGVs) of the total token supply
Both of these were under the Investors allocation
Mary | Satoshi Club: Are investors tokens locked?
Clarry: For public sale, 50,000,000 AGVs are allocated which comprises 2.50%
Clarry: [In reply to Mary | Satoshi Club] For Private A, 5% TGE / 1.5YV For PRivate B, 10% TGE / 1YV For Public, 20% TGE / 0.5YV
Gold Rocket | Satoshi Club: Sounds good
Clarry: what are the utilities of the portion of 35% allocated for the community? Do you have plans to introduce community activities such as rewarding systems and airdrops in the future?
Staking Rewards
Scholarship Quota Bonuses
Scholarship Top Bonuses
E-Sports Competitors Bonuses
DAO Management
DAO Content Creators
Mary | Satoshi Club: It’s ok!
Clarry: Yes, we will be having airdrops and rewards for guild activities
Gold Rocket | Satoshi Club: excellent answer! just the next question is related to the DAO
Clarry: sure we can proceed
Gold Rocket | Satoshi Club: Q5 from Telegram User @iceVermithraxx Astraguild will be organizing AGV community programs to create value for everyone within its community especially to the scholars and contributor to the guild, among these programs, one caught my interest which is the DAO content creators: where registered AGV content creators will be given AGVs for compensation for their services. Can you elaborate more on AGV content creators of AVG and contents they create? How can a user become an AGV-registered content creator? How are their rewards and compensation distributed to them? In line with your community Programs, I understand that scholars have more programs allocated to them, how can users become scholars and what activities will users perform as scholars to the AGV Platform?
Clarry: Can you elaborate more on AGV content creators of AVG and contents they create
Streamers, content writers, video creators. For this, we’ll essentially try to nurture and build a network of AGV content creators as we think that it’ll play a big role in the ecosystem. Having strong creators in our community can help new projects adapted by the guild to multiple their marketing. Thus, speeding up adoption of new projects. This goes in line with our plan of having a launchpad. AGV will offer a platform to raise your project, community behind it, and a marketing network to help you jumpstart projects.
Mary | Satoshi Club: If user wants to apply for content creation how he can do this now? Or it will be later
Clarry: How can a user become an AGV-registered content creator?
For this, we basically vet interested guild members and have somewhat like “casting calls” within the guild. Although, we’ll still be looking to improve and finalize the system for this in early 2022.
Mary | Satoshi Club: Gotcha!
Clarry: In line with your community Programs, I understand that scholars have more programs allocated to them, how can users become scholars and what activities will users perform as scholars to the AGV Platform?
Currently, there is an application process to be a scholar. We have what we call “ranks” which is like your level in the guild. If you are interested to be a scholar, you’ll have to fill up a form and be active in the community.
Clarry: We’ve recently, hired a dedicated person for player development also. In line with our efforts to improve our scholarship system. He’ll be basically in charge in onboarding players, training them, and providing consultations with struggling scholars
Gold Rocket | Satoshi Club: Thanks for your answers
Mary | Satoshi Club: I am sure you will find someone talented from Satoshi Club
Mary | Satoshi Club: Ready for the 6th and last question from this part?
Clarry: Yep!
Gold Rocket | Satoshi Club: Q6 from Telegram User @Lestmarisv13 Astra Guild Select projects that are already in beta or that we would say are already live in the NFT space. How does AGV know immediately the viability of the project to ensure profitability? What characteristics must a project meet to be selected in AGV? Do you carry out financing through private investors that allow us to invest in other games?
Clarry: How does AGV know immediately the viability of the project to ensure profitability?
Some basic criteria when selecting a project are:
team behind the project economics of the game gameplay and marketability roadmap of the project
Clarry: Do you carry out financing through private investors that allow us to invest in other games?
Right now, all games where AGV invested in are from the AGV funds. We do help them be introduced in our network but we don’t carry out financing through other private investors.
Clarry: In our roadmap, AGV also plans to have our own game. If I might add
Gold Rocket | Satoshi Club: Thanks for your answers
Mary | Satoshi Club: Ready to proceed to the live part?
Clarry: Yep!
Mary | Satoshi Club: Let’s go
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Ajpaa :
Are you hiring at the moment or do you have an ambassadorial program to expand project visibility to different regions?
Clarry:
We have existing partnerships with teams across different regions. We have been growing our community recently on China, India, and Russia with plans to continuously expand throughout other parts of the world in Q1 of 2022. We have also recently partnered up with KOLs like Moon Carl, Wise Advice, Alexander Kondrashov and other names in the crypto space.
Q2 from Telegram user @highpee:
HELLO ! Astra Guild is a venture DAO that invest in play2Earn games. Are the project you invest in strictly play-to-earn game or are there possibility for you to invest in other solid projects that may not be P2E oriented but was passed by your DAO community ?
Clarry:
Right now, we have a focus on p2e games but yes, if the DAO approves a proposal to invest on a SOLID project, that is possible.
Q3 from Telegram user @Einsteinyl :
I need information about token sale of $AGV, what platform already listing $AGV? And will you have seed/pre_sale for $AGV ? Thank you for your attention
Clarry:
Seed and private sales are done. We’re currently on our public round. Here are some dates to remember
Dec 7 – Lithium Dec 9 – Oxbull Dec 10- Krystalgo Dec 10 – AGV Launchpad SGT 22:00 Dec 19 – Copperlaunch UTC 00:00 Dec 23 – Token Generation Event UTC 00:00
Q4 from Telegram user @hmdtadel:
A lot of projects lately don’t care about listing in CEX exchanges even though it is really helpful to list there, so are you guys willing to do that anytime soon ??
Clarry:
Yes, we have already scheduled CEX listings by last week of DEC and early January. Currently, we have 3 confirmed CEX listing and still in talks with a few more
Q5 from Telegram user @arbestefy:
What is the project working on to attract potential investors? What do you do to have your own successful project and solid ecosystem?
. working on the full-functionality of the AGV launchpad
worked on having AGV listed on exchanges
grew our community to 200k+ across platforms
We actually are ahead of our roadmap. The launchpad was not originally included but the team has realized the opportunity it can provide for our project
Is your project is global? Do you plan to develop more in some areas where english is not basic language
Clarry:
Yes, AGV is global. We have already started building communities on non-english country. For exmaple, here’s our Chinese Telegram: https://t.me/astraguildofficial
Q7 from Telegram user @Wong2008 :
Do you have any guide for players to mint AGV cards?
Can you tell us what are the major things that AGV is aiming for in the future ?
Clarry:
We aim to develop our own game and have an ecosystem that will truly help fast-track the adoption of new play-to-earn games and other blockchain projects.
AGV Launchpad (not in roadmap)
AGV DEX (not in roadmap)
AGV Creators Network
Q9 from Telegram user @Shumail47 :
Your token $AGV will be on ERC Network Or BSC Network?
Clarry:
ERC20. But we will also be working to have it as cross-chain
Q10 from Telegram user @arbestefy :
Can you mention the outstanding features of the project and why it is so attractive to investors?
Clarry:
Transparency – fully discloses earnings through a real-time dashboard and publicly available assets list
Fast-moving team – in a few months we are able to raise funds, grow our community, launch our platform, and generate revenue
Growing community
Project with actual earnings already
2,035 scholars as of DEC 2021
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
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 Arker and our guest was . The AMA took place on the 9th of December.
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Andrés M. | Satoshi Club: Hey hey Satoshiclubbers, what’s going on? Ready for another AMA session?
Andrés M. | Satoshi Club: Today is time to learn about Arker, and our dear @nytyr is hear to teach us!
Jonah 🏅🎹 | Satoshi Club Hello @nytyr Welcome to Satoshi Club
Andrés M. | Satoshi Club: Juanjo, how are you? @nytyr
Juanjo: Hello! Nice to be here
Andrés M. | Satoshi Club: Nice too meet you, where are you from?
Juanjo: From Spain! Near the beach
Jonah 🏅🎹 | Satoshi Club Glad to have you Here..
Andrés M. | Satoshi Club: Amazing, I’m Hispanic as well, happy to have you here. Bienvenido
Juanjo: Oh, great to hear haha
Andrés M. | Satoshi Club: @nytyr well, let’s begin the AMA learning a little bit about you
Andrés M. | Satoshi Club: Please introduce yourself and tell us the story that inspired you to create Arker
Juanjo: Yes, sure! My name is Juanjo, CEO at Arker. I’ve been running a blockchain tech company with my partners (Development of smart contracts, dApps, etc) since 2017. And in this time, with the experience and contacts acquired, we decided to start developing our own game, which today is ready.
Andrés M. | Satoshi Club: Great, so what is the essence of Arker?
Andrés M. | Satoshi Club: Which game mechanism does it use?
Juanjo: In short:
Arker is a game which will you create your own hero and along with your pet you will need to regain control of the kingdom of Ohm.
The game has a real-time turn-based gameplay. Where you play with your hero with their items, runes, abilities… to defeat other heroes.
The game gas two games modes right now, PVP where you play vs other players in real time, and PVE, where you need to defeat monsters to level up and earn rewards.
Andrés M. | Satoshi Club: Which Blockchain is based on?
Jonah 🏅🎹 | Satoshi Club: What you are building is interesting.
Juanjo: BSC
Andrés M. | Satoshi Club: So is it a MMO? Which game or games inspired you to create Arker?
Juanjo:
In fact, a lot of games! Haha
Most of the team are gamers (even now that we don’t have time to play ).
But mostly TCG, final fantasy, etc
Andrés M. | Satoshi Club: Oh so nostalgic game, what is your favorite one btw?
Andrés M. | Satoshi Club: And please tell us, how big is your team? Are you a public team?
Juanjo: Yeah haha Back on the PS2 times
Juanjo: Yes, all the team is public and we operate under a public company!
Also, we done a KYC process on solidproof
Jonah 🏅🎹 | Satoshi Club: And how many team members do you have currently?
Andrés M. | Satoshi Club: That’s great to generate confidence. Thanks for the great introduction, you have an amazing community btw, so big.
Juanjo: 4 core members (CEO, CFO, COO…)
5 game devs
5 blockchain and web devs
3 3D artists
And almost 5 2D artist
Juanjo: And we’re increasing the team as we speak
Jonah 🏅🎹 | Satoshi Club: Great..
Andrés M. | Satoshi Club: Perfect. So, we have collected some community questions for you, ready to proceed?
Juanjo: More than ready!
Jonah 🏅🎹 | Satoshi Club:
Q1 From Telegram User @Billz120
New game Modes – I observed there are New game modes in your ecosystem, with PVP’s destined to obtain runes that will be applied to the characters to improve their base Stats; and a possibility of receiving summoning Scrolls or skins as well as FOA tokens. And Guild war in Ohim’s kingdom. Could you please explain to us what these runes are and what is the utility of runes that will be applied to the characters? What would be the importance of receiving summoning Scrolls? Finally, Are there levels to battle which the fighter must win before it could receive Summoning Scrolls? Please explain to us. Thanks
Juanjo: Sure!
Runes are like magical stones that you equip to your character. They give you incremented stats and as well as a passive and active ability. For example, healing your character each turn, etc
Summoning scrolls will be introduced later, which basically are used to create new characters. Those will be useful when a new race arrives to the Ohm kingdoms.
Andrés M. | Satoshi Club: What kind of characters can we find in the game?
Juanjo: Right now we have 4 races:
Berserkers, Alchemists, Izarians and Soul Hunters.
Juanjo: Berserker: Are powerful warriors, strong as animals, who are used to fight half-naked carrying bloody shields and don’t hesitate to bite their enemies if they have the chance.
Alchemist: Are cult and intelligent investigators, studious of the old protocience doctrines. They spend most of their time working in their basements, where they study ancient books and scrolls.
Izarian: Are recognized for their incredible physical prowess and acrobatics, as well as his amazing mimetic capacities. They use light and curved blades, perfect for attacking without giving an option.
Juanjo: Soul Hunters are the new one coming to Ohm
Juanjo: The history will be revealed pretty soon.
Jonah 🏅🎹 | Satoshi Club: With regards to this can you share your road map?
Juanjo: In the short term we will be launching all the things that we have ready: Pets, breeding, marketplace and of course the 2D game itself.
We already started working on the next feature on the roadmap, like real time battles between guilds, villages, etc.
And we also have part of the team working on the unreal engine version which will be ready at the end of 2022, where you will be able to move freely in the Ohm kingdom and interact with other players in real time.
Jonah 🏅🎹 | Satoshi Club: Thank you for your Answers
Andrés M. | Satoshi Club: Yes, thanks for the complete answer, ready for next question?
Juanjo: Yes!
Jonah 🏅🎹 | Satoshi Club: Q2 From Telegram User @Highpee
Arker Gaming protocol will be powered by two tokens which are $ARKER and Fragments of Aker, $FOA. Can you provide an insight as to why a two token system is more beneficial for your project scope and the utility value of each token within your protocol environment? Also, $ARKER has a total supply of 2 billions tokens whereas $FOA has a maximum supply of 540 millions. However, only $FOA has a deflation mechanism of 15% burn for every in-game purchase. Why do you prefer to make $FOA deflationary and not $ARKER despite its higher total supply and how will you create scarcity for $ARKER? How do user join presale for $ARKER and how will they be able to obtain $FOA since you didn’t allocate any $FAO for IDO?
Juanjo: Great question!
Juanjo: ARKER token is the governance one, which will also be used to buy pets and breed them along with FoA.
FoA is the token that players will earn by doing daily quests, defeating monster in the PVE and battling vs other players in the PVP. This token is used to do all sort of things inside the game: Buy items, abilities, tickets for tournaments and PVP, etc
Juanjo: And the idea behind the deflationary mechanism for FoA is that this token will be the one used to reward players in the play to earn, so to keep the tokenomics healthy we designed a system with a lot of usecases for FoA and a deflationary mechanism.
Juanjo: And ARKER doesn’t have that because we’re not giving it as a reward in the P2E. Just in special scenarios, like tournaments.
Juanjo: Both tokens areneeded to breed pets, and pets are mandatory to be elegible for the play to earn
Andrés M. | Satoshi Club: Is there another way to have the token? Can we buy Arker and FoA?
Juanjo: Yes, ARKER will be listed tomorrow on pancakeswap and kucoin.
We will be doing a small IDO before that on unicrypt.
Jonah 🏅🎹 | Satoshi Club: Can you share with us the details of the IDO?
Juanjo: FoA will be listed a few days after ARKER. And it will be pretty much like a fair launch. No one holds it. The only way of getting it is by playing or purchasing it.
Andrés M. | Satoshi Club: Oh congratulations, great achievement
This isthe link to participate directly. (The start date will be changed in a few hours, will be the 10th around 10 AM UTC, depending on the block times)
Juanjo: Thanks!
Andrés M. | Satoshi Club: Let’s join Satoshiclubbers, amazing opportunity
Andrés M. | Satoshi Club: Well, thanks for your clear explanation, is time to proceed with our 3rd question.
Juanjo: Let’s go!
Jonah 🏅🎹 | Satoshi Club: Here comes the third question
Jonah 🏅🎹 | Satoshi Club: Q3 From Telegram User @iceVermithraxx
I understand that In Arker, players can breed thier pets and inorder to breed pet, players will need a male and female pets. once the breeding is done, an egg will be obtained and pet will be made available, and pets can breed a maximum of 5 times. Understanding that pets have different level, what levels of pet can be used for breeding? Can you briefly explain on the breeding process? What are the requirements for users to access and use these breeding feature? In line with this, how long does it take for an egg to hatch? Can these eggs be sold in the marketplace? What are the factors that determines the attributes of Pets obtained from breeding?
Juanjo: Yes, exactly.
To breed a pet you will need two of the same species, one male and one female.
The breed is done with ARKER and FoA. Depending on how many tmes those pets has breed before it will be more expensive.
The hatch will happens after 5 days, the new child will have traits similar to their parents, and also there is a possibility to be a bit better than the parents, or worse.
Juanjo: Eggs are also NFTs and can be sold in the marketplace.
Juanjo: And depending on the species the pets have different passive effects, for example the phoenix heals your character every turn.
Jonah 🏅🎹 | Satoshi Club: Is there a Limit to how many times the pets can breed?
Juanjo: Yes! 5 times max.
Jonah 🏅🎹 | Satoshi Club: How many Arker or FOA will be needed for the breeding?
Andrés M. | Satoshi Club: Same question, what kind of pets can we find into the game? Have you pics of it to check the designs?
Juanjo: We will be updating the ratio depending on the FIAT peg.
We don’t want to be a super expensive.
Juanjo: Sure, we will be launching with 3 types, that we will increase over time. Let me share a sneak peek!
Juanjo:
Jonah 🏅🎹 | Satoshi Club: Thank you for your great Answers
Andrés M. | Satoshi Club: Oh very unique graphics I like it
Jonah 🏅🎹 | Satoshi Club: Ready for next question ?
Andrés M. | Satoshi Club: Well, let’s jump to the next question!
Jonah 🏅🎹 | Satoshi Club: Alright…
Juanjo: Go for it
Jonah 🏅🎹 | Satoshi Club: Q4 From Telegram User @meml97
I read that in Arker, there are currently three different characters’ races; Berserkers, Alchemists, and Izarians. So, having that in mind, can you tell us more about this races? What functions, strong points and weakness each one of this races have? What’s the background on each race and why did you decided to start your game with this three ones? Also, how many heros are in each one of these races? And I was curious, when we start playing the game, can we choose what race we want and also, can we have heros from more that one race? If so, how can we obtain them, what do we need to do? As a final doubt that crossed my mind, I saw that you said you “currently” have this three races, do you plan to add more races to the game then?
Juanjo: Exactly!
When you create your hero you can select the race.
Each races has different stats, for example Izarians are fasters and Alchemist have more energy.
Also, there are certain items and abilities than can only be used on each race, the Alchemist can’t equip the big sword from the Berserker, for example
Juanjo: We will be launching more races soon, like the Soul Hunter.
Juanjo: Also, each race has it’s on background story which will be published in the next days!
Jonah 🏅🎹 | Satoshi Club: Great.. will your community be involved in the creation of new races, can they decide on this?
Andrés M. | Satoshi Club: The Lore is one of the most excited things of the games, thanks for it, we will be waiting to read the history of the characters
Juanjo: Yes!
The main usage for the ARKER token will be that too
Juanjo: Take decisions in-game and outside of the game.
Andrés M. | Satoshi Club: Governance token right?
Juanjo: Yep
Andrés M. | Satoshi Club: Amazing. Would you like to add something before the next question?
Juanjo: Let’s jump to the next one
Andrés M. | Satoshi Club: One second
Jonah 🏅🎹 | Satoshi Club: Q5 From Telegram User @Ajpaa
Arker ecosystem has two (2) competitions including: normal competition having an Elo system and the competition for professional players called Play2ranked, offering a game of skill and strategy which will focus on E-sports competition by making tournaments and partners with big brands. How will the normal competition and Play2ranked professional gameplay be implemented? Can you elaborate on the E-sports tournaments and the entry requirements for professional players? What is the modality for rewards allocation and distribution? Which big brand have you partnered with already?
Juanjo: Yes!
One of our goals is also to democratize this.
We will be hosting tournaments with custom rewards, like an exclusive nft that can only be obtained by participating in the tournament.
Everone can be a pro player without leaving their house if they want!
Juanjo: We have an ELO system, similar to ther online games!
Andrés M. | Satoshi Club: Have the game a mobile version?
Juanjo: Yes!
Web version, iOS, Android and Windows.
Jonah 🏅🎹 | Satoshi Club: Asides these two competitions will there be others?
Juanjo: Yep, we’re preparing a few events
Jonah 🏅🎹 | Satoshi Club: Great… Thank you for your answers
Jonah 🏅🎹 | Satoshi Club: Ready for the Final question for this part?
Andrés M. | Satoshi Club: Excellent, everyone can play
Jonah 🏅🎹 | Satoshi Club: Q6 from Telegram User @UniqueVicky
From your token distribution,I noticed you made no Allocation for the team, no pre sale, so why do decide to have no presale unlike other platforms? If you have no pre sale, how do you manage to provide funds for liquidity and some other expenses like maintainance and development,will the funds gotten from the play to earn thing be enough to cover other expenses or do you have a third party that helps with fundings? Since you made no Allocation for the team how do you pay them for their services?
Juanjo: Good question too!
ARKER is backed by a good VCs as well as the IDO (Which will happen tomorrow)
This funds will be used to develop the 3D version of the game, marketing, exchanges, liquidity, etc
And yes, the team saves a % of the supply, locked, of course.
FoA is a bit different, we will provide the liquidity for it, but no presale or people holding before the players.
Jonah 🏅🎹 | Satoshi Club: Is there a duration for which these % are locked?
Andrés M. | Satoshi Club: What will be the initial price and market cap of $ARKER?
Juanjo: Listing price is 0.01$
An the initial marketcap is 280k$
Juanjo: Yes!
Inversors will have linear unlocks during 18 months.
And the team will have a higher vesting. Everything is more detailed on the whitepaper 🙂
Andrés M. | Satoshi Club: Well my friend @nytyr, thanks a lot for your answers, 6/6 excellent answers to our questions, it was a big pleasure to learn about Arker in this first part of the AMA, ver exciting game I cant wait to download it on my phone
Juanjo: Thank you
Andrés M. | Satoshi Club: Now is time to open the chat for our dear community, a big quantity of questions are coming
Juanjo: I’m ready!
Andrés M. | Satoshi Club: Perfect, don’t forget you should answer your 10 favorites questions!
Andrés M. | Satoshi Club: Opening the chat in 3
Andrés M. | Satoshi Club: 2
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Cheriemike:
You said Pets are generated in a first event(PGE which is Pet Generation Event),this sounds new to me for I am only familiar with TGE(Token Generation Event)Can you tell us more about this event and what it entails?Was it implemented by your team?When will you likely have this event or has the event already taken place?If it has not been carried out yet,can you inform us how we can participate in the event?At what price can users buy a pet during the Event?Kindly tell us what will take place after the event Thanks
Juanjo:
Yes! PGE is pretty similar to a TGE. When a new species arrives to Ohm players will be able to buy the genesis pets on our website.
Genesis pets will be powerful.
Q2 from Telegram user @Tahsinahmett:
Even the best players cannot be sure of VICTORY. Can Arker scale player experience or skill/ability? Does the game have levels for new players?
Juanjo:
The player’s skill is very importar, having the best pets, best items and best abilities doesn’t guarantee your victory.
Also, the matchmaking will match your hero to another with a similar level.
Q3 from Telegram user @RahulAmbani5 :
Hey @nytyr
Today Arker got listed on Kucoin, I think it is the first CEX on which Arker is listed. So do you have any plans of listing Arker on other CEX exchanges?
Juanjo:
Yes, kucoin announced the listing today.
The trading will start tomorrow on KC and pancakeswap
Those are the two first exchanges, and we plan more, of course!
Q4 from Telegram user @PLK2003 :
While looking through your roadmap, I saw that you had a “scholarship” event planned for Q2 2022. Can you provide additional details about this? How many users will you be awarding scholarships to? What criteria must users meet in order to be considered for this scholarship?
Juanjo:
Exactly. The genesis pets will be “cheap”, but after that the community will decide the price based on demand.
So, in case the pets will become expensive, users that can’t afford buying them they will still be able to play and earn tokens.
Q5 from Telegram user @pantexxx1:
Most traditional e-sports gamers will not play existing blockchain games as they are not “fun” while mostly are just playing for economics (P2E). what will Arker Community games do to attract mainstream e-Sports traditional gamers into blockchain games, especially your games?”
Juanjo:
Good question! We want to focus also en traditional gamers, that why our free-to-play mode allows player to create an account an play without even having a wallet.
And then, if they like the game, we will onboard them to the blockchain side, so they can enjoy all the benefits!
Q6 from Telegram user @habibi_ve:
Depending on the type of pet to breed will also depend on the amount of $ARKER I use? Or will the breeding fee be the same for all pets?
Juanjo:
The fee will be the same. And the stats will depend on the parents genes
Q7 from Telegram user @KevSalom:
On your website you mention that you have established a ranking system (ELO) in which depending on the position in which the player finishes he will have a reward or another, could you tell us a little more about this system? Based on how many positions you manage? What are the rewards for the different positions?
Juanjo:
It’s similar to other online games, and the ELO used in the chess tournaments.
If you play vs a higher ELO hero and lose you will lose less elo, because the opponent is harder!
Q8 from Telegram user @Nensam :
Does Arker team aim to expand its game products and play to the Asian regions, as these are mostly filled with game players?
Juanjo:
Exactly. We already started an asian community and we have some asian influencers on board. We want to expand globally
Q9 from Telegram user @Nhairym :
What elements can be marketed through your marketplace, tell us about your partners and collaborators, until now they are only linked to DEX, how they motivate and inspire them to invest in your platform, you can give us an updated list of your social networks and other links where we ask get information about your project?
Juanjo:
Yes! In the p2p marketplace users can trade pets and their eggs.
And in the in-game marketplace users can trade items and abilities.And let me share a photo with some of our partners and backers
Q10 from Telegram user @sucrez :
Is Arker a metaverse game and free to play?
Juanjo:
Yes! Will be more evident when we launch the 3D version that is actually begin build in unreal engine. We have some sneak peeks of that in our twitter
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
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 Real Collection and our guest was @Inthemeantime. The AMA took place on the 6th of December.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Andrés M. | Satoshi Club: Satoshiclubbers, welcome to another AMA session. Get ready for good information and rewards. Today our invited project is Real Collection.
Jonah 🏅🎹 | Satoshi Club: Our guest today from Real Collection is @Inthemeantime. Hello welcome to Satoshi Club 👏
Cho Summer: Hello Satoshiclubbers! I’m glad to be invited here.
Jonah 🏅🎹 | Satoshi Club: We are glad to have you here 😊
Andrés M. | Satoshi Club: Welcome to Satoshi Club, how are you doing? 😃
Cho Summer: Yes pretty good. We just launched Real Collection today and are implementing various marketing events. So we are having busy, yet rewarding time.
Andrés M. | Satoshi Club: That’s amazing, we are happy to be a part of those events.
So let’s begin with a short introduction about you. How did you get involved in this project?
Cho Summer: It was the year 2017 I entered the blockchain industry. At first, I joined Bosagora project where I implemented various marketing activities, including media promotion and social media marketing. Then it was the year 2021 I joined Ledgis and became in charge of global marketing. The fact that Ledgis has high technology evidenced by cooperation with Korean government agencies, led me here.
Andrés M. | Satoshi Club: Great background, Bosagora is an interesting project as well.
Andrés M. | Satoshi Club: Well, now please tell us what is Real Collection and what is its main objective?
Cho Summer: Sure, Real Collection is an NFT marketplace where you can trade curated art contents, such as pop art and graffiti works in New York’s East Village. You can find contents of legendary artists, such as Basquiat and Keith Haring exclusively sold here. Real Collection sells only works screened by art directors and concentrating on securing excellent IP (Intellectual Property).
Based on Ledgis blockchain, it provides various digital management functions for the original, such as loss prevention, copyright protection and convenience of sharing and utilization. Also Ledgis’ proprietary DID and IDH technology is applied to ensure transparency and reliability of transactions.
Jonah 🏅🎹 | Satoshi Club: Interesting project. I see some unique features 👏
Andrés M. | Satoshi Club: Why users should choose your marketplace instead of others like OpenSea?
Cho Summer: Real Collection is different from other NFT marketplaces in the following three ways:
(1) Excellent IP (Intellectual Property)
Real Collection exclusively supplies outstanding IP, including works by famous artists of New York’s East Village Art. Among them are the lost works of legendary artists, Jean-Michel Basquiat and Keith Haring. In addition, only works that have passed a thorough examination by the art director are NFTized.
(2) Outstanding original management function
Based on Ledgis blockchain, it provides various digital management functions for the original, such as loss prevention, copyright protection and convenience of sharing and utilization. Also Ledgis’ proprietary DID and IDH technology is applied to ensure transparency and reliability of transactions.
(3) Expansion to Metaverse
Some contents will be processed to be expanded to the 3D VR animation so that the NFT content is freely displayed within the metaverse platform. Director Hong Jae-cheol, who worked on CG for movies such as, ‘Transformers’ and ‘Harry Potter’, will participate in this work, drawing attention from the industry.
Jonah 🏅🎹 | Satoshi Club: Thank you for the introduction. We have selected some questions from our community, ready for them?
Cho Summer: Sure, I’m excited!
Jonah 🏅🎹 | Satoshi Club: Great!
Q1 from Telegram user @Ajpaa:
While researching about Real Collection’s gallery Art NFT platform, I noticed that you have a ranking system for products, creators and collectors. How will this ranking system be implemented? Which criteria would be used to determine highly ranked products, creators and collectors? What are the advantages of highly ranked products, creators and collectors? How can a user become a creator on your platform?
Cho Summer: The ranking system is divided into three sectors: products, creators, and collectors.
For products ranking, we show the NFT artwork that was sold for the highest price. For creators ranking, we show who has sold the most NFT creations. For collectors ranking, we show who has the most NFT works after peer-to-peer secondary trading is activated.
There are no specific benefits to products, creators, and collectors who are in high rank yet, but we will establish policy to utilize it to encourage active transactions in Real Collection.
If you want to become a creator, you should be evaluated by the art director in terms of past performance and quality of past works.
Jonah 🏅🎹 | Satoshi Club: In order to be evaluated by the art director, must the past performance be NFT related?
Cho Summer: Nope, just the quality of the past art works are evaluated. No need to have already NFTized one’s artwork in the past.
Jonah 🏅🎹 | Satoshi Club: Great, thank you for your answers! Ready for the next question?
Cho Summer: Yes!
Q2 from Telegram user @iceVermithraxx:
Users can purchase or sell art work on Real Collection platform when they connect their Ledgis wallet. Also, users can apply for a bid within a biding period and items will be sold to the highest bidder during this period. After a successful bid, but the payment not being made, the bid will be cancelled. Can you elaborate more on bidding procedures and accepted methods of payment after a successful bid? After a successful bid, what is the maximum amount of time the successful bidder has, in order to make the payment before the bid is cancelled? Are there any penalties that will be imposed on successful bidders, after failing to pay within the given time? Lastly, what are the requirements for player to be able to sell their art work on the Real Collection platform?
Cho Summer: In the bidding process, you can bid within a set time as appeared on the screen. When that period is over, the person who offered the highest price takes the work. Bidding is relayed in real time. We are considering placing restrictions on those who successfully made a bid, but not made the payment within 72 hours. In order to sell art works in the Real Collection, an individual or agency should be evaluated by the art director in terms of their past performance and quality of past art works.
Jonah 🏅🎹 | Satoshi Club: Is this bidding already live?
Cho Summer: Yes, it is underway.
Art works by Andreas Sterzing, a renowned photographer who documented East Village Artists in 1980s, are currently on bidding.
Jonah 🏅🎹 | Satoshi Club: Great, thank you for your answer! Ready for next question?
Cho Summer: Sure.
Q3 from Telegram user @Cheriemike:
In Real Collection, you have mentioned that there are works that can be purchased with $ (dollars) and works that can be purchased with $LED. So can we get to know these different works? Why do some works require payment with dollars and others with $LED? Do you base such works on their quality and uniqueness? You also said that the works that can be purchased with dollars payment will be made through PayPal. How about those who can’t access PayPal, are there any alternatives for the payment?
Cho Summer: Whether the payment is in dollars through PayPal or in $LED, is determined by a consultation with the artist. If the PayPal payment is difficult, you can pay with $LED, traded on BitMart and Gopax. We plan to increase the convenience of $LED payment in the future to induce users to pay mostly with $LED.
Jonah 🏅🎹 | Satoshi Club: Will you increase payment options in the future?
Cho Summer: We are considering increasing means of payment for user convenience as marketplace become active.
Andrés M. | Satoshi Club: Does the LED token have other functions in the marketplace?
Cho Summer: LED token in Real Collection is used for payment. Royalties to artists as per art work is sold if it is sold in $LED and payed back to users who participated in peer-to-peer second market.
Andrés M. | Satoshi Club: Btw, can we use other wallets, different to Ledgis wallet, to use Real Collection and sell NFTs?
Cho Summer: No. Other wallets are not being serviced in Real Collection.
Andrés M. | Satoshi Club: Got it, thanks for clarifying it 😃
Would you like to add something before the next question?
Cho Summer: LED wallet is a decentralized wallet which prioritized user convenience. Although Real Collection is serviced only with LED wallet, users will not face difficulty in using it, as installing and connecting with the website cannot be easier than it.
Jonah 🏅🎹 | Satoshi Club: Ready for the next question?
Cho Summer: Sure!
Q4 from Telegram user @MudaraSilva:
I have noticed that your cashback event is still open. In order to be eligible, users have to purchase NFTs. Is there a minimum amount to spend to receive this cashback? You have mentioned that users will receive the cashback with $LED within 3 days. Do all the users get this opportunity or will you select winners based on any factors/randomly? After receiving the cashback with $LED, are users permitted to sell them and get USD/USDT or will these rewards be locked for a certain time period? If they are not locked, don’t you think that there will be selling pressure as soon as the rewards are distributed? After this event, what type of opportunities will be available for the community members?
Cho Summer: There is no minimum amount of $LED you should have paid to be eligible to get payback. Anyone who has entered a wallet address in advance by participating in the whitelist event and successfully made a bid is qualified to receive cashback. There is no lock period after receiving cashback by $LED. We are preparing limited edition NFT events, $LED airdrop event for those who signed up in Real Collection for community users.
Jonah 🏅🎹 | Satoshi Club: Please do share more info with us regarding these events when they are ready! Also, can you share your roadmap?
Andrés M. | Satoshi Club: Recently you hosted an airdrop event, any approximate date for the next one?
Cho Summer: Within December we plan to have the next airdrop event, this time particularly for Real Collection users. What they only need to do is signing up and installing the wallet. Even those who didn’t buy NFT can be selected and receive airdrop.
Andrés M. | Satoshi Club: Amazing, how can we install the wallet? Could you provide us the link? Please!
Cho Summer: Oh I intended to share the link but it seems like sharing links is restricted.
Andrés M. | Satoshi Club
LEDGIS Administrator: [Ledgis Wallet Download in cellphone]
In case you install in PC, after sign up, you will be automatically led to the Chrome extension for installing the wallet. We are planning to publish a manual for users in our Medium channel, probably tomorrow.
Andrés M. | Satoshi Club: Let’s install it Satoshiclubbers, great opportunity to have a part of the airdrop 🥳
Ready to proceed with the next question?
Cho Summer: Sure!
Q5 from Telegram user @Highpee:
While studying Real Collection, I found out that you have a form of relationship and attachment with Ledgis, a platform that focuses on self-sovereign identity and it’s popular for building blockchain infrastructure for the Korean government. Can you explain the relationship between Ledgis and Real Collection and whether these are two projects made by the same team? Also, there is a special NFT sale event that you are holding for $LED holders which will run from 1st to 31st Dec. How many $LED should a user hold to be able to enjoy payback benefits from buying and bidding of Real Collection NFT? And can non-holders of $LED participate in your NFT bidding or buying process?
Cho Summer: Real Collection is a DApp on the Ledgis blockchain. Both are made by the same team. There is no a set amount of $LED that users must hold in order to participate in the payback event. Anyone can participate in NFT bidding and get payback after creating an LED wallet as payment, in dollars through PayPal is also available.
Jonah 🏅🎹 | Satoshi Club: Can you share with us the tokenomics of $LED?
Cho Summer: Sure, we have a coin economy that vitalizes the ecosystem.
By adopting the DPoSS consensus algorithm, DApp operators that provide high-quality services based on voting results and service utilization become block producers. Coin holders can also receive payback, contribution rewards and voting rewards, depending on their ecosystem contribution.
Andrés M. | Satoshi Club: Is there any chance you will accept credit card in the future?
Cho Summer: Yes, we are planning to increase means of payment, including payment in credit card. We will put our utmost effort to improve convenience of users.
Andrés M. | Satoshi Club: Thanks a lot for your clear explanation to our questions, now is time to proceed with the final question of this part of the AMA 😃
Cho Summer: Yes, this is the most awaited time!
Q6 from Telegram user @Rotoxy:
Real Collection gallery will prioritize collections from premium artist, who are deemed best in their area. Can you highlight the procedure that is used to enroll art work into your gallery? Does it mean that talented and rising creator artworks, who are yet to make a name for themselves, cannot be promoted in Real Collection? Since your priority is on well known premium artists. Also, you said all your artwork will have scarcity and cannot be found anywhere. Are you going to acquire patent and IP license of artists to stop them from publishing their creation elsewhere or how will you ensure that any artwork you curate will not be duplicated on another platform?
Cho Summer: Talented and rising creators can also register as creators if they pass the art directors’ screening process, although priority is given to established artists, famous in their field.
All of the works we deal with are sourced through direct contract with artists, which allows us to NFTize and sell their artworks legitimately.
Because the artwork is based on the Ledgis blockchain, there is no chance that it will be duplicated. Ledgis blockchain has excellent management features for the original, such as prevention from duplication and loss, copyright protection, ease of sharing and utilization, etc.
Andrés M. | Satoshi Club: @Inthemeantime, thanks a lot for your clear answers, you provided us interesting information about your new marketplace. Congratulations to your team for this big step 👏
Cho Summer: Thank you in earnest.
Andrés M. | Satoshi Club: Now get ready because it is time to open the gates of the group for the live community questions. Satoshiclubbers will post their questions and you should answer your 10 favorites.
Cho Summer: Sure, I’m ready!
Andrés M. | Satoshi Club: Let’s go 🥳
Part 2 — live questions from the Telegram community
Q1 from Telegram user @sweetdoge:
I want to ask about the smart contract audit of your project, because it is important to be audited since hackers can hack projects with smart contracts. So is your smart contract secured from hackers?
Cho Summer: We have an audit report published by Slowmist which is a renowned audit company having partnership with Binance. It is very difficult to get recognition from Slowmist audit, but we successfully delivered it.
Q2 from Telegram user @LuisPagulayan:
Can you please elaborate to us the long term plans and objectives of Real Collection? What features would you rather want to improve (tokenomics, ecosystem, or roadmap) in order to reach a higher number of participants and investors across multi-chains and international platforms?
Cho Summer: We believe that securing outstanding IP (Intellectual Property) is the most important factor for success as an NFT marketplace. In addition to New York East Village Art, we plan to continuously secure IPs from famous artists around the world, such as South Africa, China, Europe, India and Korea, in order to maintain competitiveness.
In addition, we plan to open the website in Korean version to raise awareness in Korea and support payment through credit cards.
Q3 from Telegram user @Karoceh:
You may have heard that some of the artist’s work has been minted into NFTs and traded without their permission. Is this not possible in Real Collection? Do you think it is important to protect artist’s work from piracy?
Cho Summer: We entered partnerships with artists to secure the legitimate right of NFTizing and selling their art works. We believe respecting artists’ intellectual property right is very important.
Q4 from Telegram user @cindy_crypto:
I am wondering what is the main use of your project and what kind of real world problems are you solving?
Cho Summer: The ultimate objective of our project is returning data control from big tech companies to individuals, the real owners of data.
We are heading towards the era of Web 3.0, a decentralized network. In the era of the data economy, which is directly connected to money, the need of ownership and managing data will become more and more important.
In such a situation, it is the NFT that serves as a starting point for the self-sovereign identity (SSI) system in which users take control of their data.
Q5 from Telegram user @Cryptomania76:
Many projects have problems with UI/UX, and this one turns off new users. How do you plan to improve the interaction with new users and with users outside the crypto space?
Cho Summer: That is a good question. We always take into consideration convenience of users, even for those who are not familiar with crypto.
However, we are open minded to listen to users’ feedback continuously, through which we believe we can improve our service.
Q6 from Telegram user @Sulyvahn_DS:
Can you tell me some outstanding features your marketplace offers that will attract NFT artists and enthusiasts?
Cho Summer: We collect only 15% of the selling price and the rest goes to sellers. This condition is very beneficial and advantageous to sellers compared to existing NFT platforms.
Real Collection aims to become a marketplace which shows the highest consideration for artists among competitors.
Q7 from Telegram user @hihohiho140699:
Will you please tell me how can I buy the LED token? May I know about the various exchanges on which $LED is currently listed? What benefits I, as a holder of LED token, will get?
Cho Summer: $LED is currently listed in BitMart with USDT pair and Gopax with BTC pair, and it is planned to be listed on other global exchanges.
Ledgis has potential to grow as a major mainnet project with high technology and value of $LED, which will increase more and more accordingly.
Q8 from Telegram user @Shershah412:
I found your project’s name very unique and different. Will you please tell us why you set the name Ledgis? Is there any story related to that?
Cho Summer: The name Ledgis is a combination of ledger and aegis.
Q9 from Telegram user @surendra040:
You mentioned you just launched Real Collection today and you’re implementing various marketing events. How can we follow your marketing events and do you have any YouTube or channels to follow?
Cho Summer: Please follow the following channels to be updated about Real Collection:
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 ByBit and our guest was . The AMA took place on the 9th of December.
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with ByBit! Welcome to Satoshi Club.
D. | Satoshi Club: Today our guest – @Stephanie_Guo !
D. | Satoshi Club: Welcome to Satoshi club! happy to have you here!
Mary | Satoshi Club: @Stephanie_Guo we are happy to see you here today
Stephanie Guo: Hello guys!
Stephanie Guo: Nice to meet you!
Mary | Satoshi Club: Hello, Stephanie !
Mary | Satoshi Club: How are you today?
Stephanie Guo: Hhh another busy day!
Mary | Satoshi Club: Oh, i understand you
Mary | Satoshi Club: So, let’s start our party
Stephanie Guo: Great lets start!
Mary | Satoshi Club: Bybit already visited Satoshi Club before, but a lot of new members joined Satoshi Club since that day, so… Let’s start with intro.
Mary | Satoshi Club: Could you please introduce yourself and tell us about ByBit.
Stephanie Guo: Hhhh okok
Stephanie Guo: Glad to be the guest of Satoshi Club’s AMA, this is Stephanie from Bybit, marketing director of spot team.
Stephanie Guo: I think most of users have been already famiiar with Bybit, this is a global cryptocurrency exchange ranking Top 5 in derivatives products, serving over 3 million users with over 10 Billion US dollars trading volume every 24 hours. It has users from all over the world including Europe, Russia, Japan, and Southeast Asia. Recently it opened the spot trading products.
Stephanie Guo: So in the past, Bybit has been characterized as a leading platform for the perpetual contract
Stephanie Guo: But since July, we have been explore our business in spot
Stephanie Guo: Also options, defi, NFT in the future.
Stephanie Guo: As we want to become a leading exchange not only for futures, but all-round product and services
Stephanie Guo: Done
D. | Satoshi Club: Cool! we will ask you about NFTs today, but bit later.
Stephanie Guo: Hhh ok
Mary | Satoshi Club: Wow, spot is also important when we are talking about CEXs
Mary | Satoshi Club: Btw, i want to ask you, how’s volume on ByBit now? Is it growing? Because as i see we have mini bear market currently
Stephanie Guo: Hhh of course, you see our daily trading volume for futures reaches billions
Stephanie Guo: While trading volume for spot reaches 500 million at present
Mary | Satoshi Club: Wow, awesome! Great job guys
Stephanie Guo: Since we launch the spot business in July, and the volume keeps growing
Mary | Satoshi Club: Nice for the beginning, i am sure it will grow day by day!
Stephanie Guo: Hhh thx we have a large user base over 3m
Mary | Satoshi Club: Ohhh, incredible numbers!
D. | Satoshi Club: This is also impressive, but it’s not the limit for you.
Stephanie Guo: Yeah it is true a huge user base and also our engagement rate is quite high as well
Stephanie Guo: Hhh thx and we believe as well.
Mary | Satoshi Club: Stephanie, thank you for your intro! We choose 6 questions from our community for the first part of our AMA . Are you ready to start with them?
Stephanie Guo: Sure pls
D. | Satoshi Club: Q1 from Telegram user @meml97 A few months ago on Augusth 30th, Bybit was here on Satoshi Club for the first time, during that AMA session Bybit’s team told us about their newest product at the time Spot Exchange, about a trading competition that was going on and about more interesting things about the platform. With that in mind, can you tell us more about what improvements has Bybit done to the platform, Spot Exchange and it’s other services during this period of time? How did that Trading Competition went? Do you still have no plans of having Bybit’s own token? Has Bybit made any kind of changes to it’s products during this months where the market has been very unpredictable? What upgrades and milestones have you accomplished since August 30th and what accomplishment during this months are you most proud of achieving?
Stephanie Guo: Quite long question
D. | Satoshi Club: We have a several more like this today
Stephanie Guo: Well I remember last time we only have 32-40 spot trading pairs, but now we have over 100 popular token in market place
Stephanie Guo: Second, our biggest progress is our Launchpad and Launchpool.
Stephanie Guo: Last BIT is our first project, till now we have listed over 10 projects
Stephanie Guo: Over 500k participants in total
Stephanie Guo: And attract lots of new users as well
Stephanie Guo: Also we have held 4 treasure hunt events, attracting more than 200k users to participate
Stephanie Guo: I think for such a new product like spot in Bybit, this number is quite satisfying
Mary | Satoshi Club: It was excellent idea to launch spot trading
Stephanie Guo: Lol yes
D. | Satoshi Club: Lots of work was made
Mary | Satoshi Club: Do you plan list new trading pairs soon? And btw, do you list only projects which applied for listing or also new popular projects?
Stephanie Guo: Oh of course
Stephanie Guo: Actually we now list new tokens almost everyday
Stephanie Guo: All very high quality with potential
Stephanie Guo: And not only for those who applied for listing, also the popular projects as well
Stephanie Guo: As we have a professional research team that would evaluate each project to determine whether can be listed or not
Stephanie Guo: To guarantee the quality of each asset on Bybit
Mary | Satoshi Club: Thank you for your answers, Stephanie! Ready to go to the next question?
Stephanie Guo: sure!
D. | Satoshi Club: Q2 from Telegram user @Anne_Tim Among the reasons why people should trade with Bybit you call your smart, intuitive crypto trading platform. As I’m considering adding Bybit to my portfolio, please explain how user friendly is the platform for those who make first steps in crypto trading as well as for experienced traders. How easy is to withdraw or deposit funds from/to any country and any crypto wallet? Are therу any countries where trading with Bybit is restricted? Thanks!
Stephanie Guo: Well bybit indeed a user friendly platform for traders
Stephanie Guo: First the trading experience is very good on our UI design
Stephanie Guo: Seconde we also have a bybit.learn platform to guide newbies to quickly get the whole picture on crypto trading
Stephanie Guo: We think user education is every important
Mary | Satoshi Club: It has free access?
Stephanie Guo: The website includes both the analysis on popular assets
Stephanie Guo: And for experience traders, we also have daily bitz for them to get to know more about the market, and our product itself concludes also the functions exclusively for experience users
Mary | Satoshi Club: A lot of categories there, i need to refresh my knowledges
Stephanie Guo: Done
D. | Satoshi Club: How many networks are you supporting at the moment? are you supporting Layer 2 networks for deposits and withdrawals, like optimism, arbitrum?
Stephanie Guo: Hhhh you can talk a look later
Stephanie Guo: well very good question! actually we considered about it very early, but due to schedule issue, we postpone a little bit, but we are now exactly working on it, and will suspport by the end of this month lol
D. | Satoshi Club: nice!
Mary | Satoshi Club: Thank you for your answers! Ready to proceed?
Stephanie Guo: Yeah!
D. | Satoshi Club: Q3 from Telegram user @Jmagsss Most cryptocurrency trading platforms, like Binance and OkEx are welcoming NFT products and integrating their platforms with NFT marketplaces because of the sudden mainstream adoption of NFTs in the crypto industry. For ByBit, does it have plans on expanding its products variety and include NFT and NFT utility products like marketplaces and minting mechanism? Can you please discuss more about platform’s involvement with NFTs?
Stephanie Guo: hhh NFT
Stephanie Guo: Yes, we created a NFT project team last month, and plan to launch Bybit’s exclusive NFT’s platform in January
Stephanie Guo: Now we are working on the product, also approaching some very famous IP to cooperate
Stephanie Guo: Will see next month
Stephanie Guo: Done
Mary | Satoshi Club: We will follow your updates
Mary | Satoshi Club: Thank you for your answers! Ready to jump to the next question?
Stephanie Guo: yeah!
D. | Satoshi Club: Q4 from Telegram User @chinyere2020 I learnt that the Bybit Launchpool allows users to stake and earn tokens for free. Can you give more information about the Bybit Launchpool? What is the minimum time that users are required to lock their tokens before being able to unstake? Will a user be able to compound his/her yield or will the user be required to make new deposits manually on the Bybit Launchpool? Will users be required to complete any form of KYC verification to be eligible for the Bybit Launchpool? I also learnt that the current Launchpool project allows you to stake $BIT and/or any new token. Will users receive their yield in $BIT only or will users also be able to receive their yield in other tokens/cryptocurrencies?
Stephanie Guo: Well glad to answer, so basically Launchpool is one kind of ieo as well. It allows users to get new llisted token in advance for free, simply by staking USDT or BIT – Bybit’s “semi-native” token, which can guarantee users a high return as they would not event to lose any money for token.
Stephanie Guo:
In Launchpool system, T+1 for yield calculate, T+2 for yield delivery
Stephanie Guo: So users minimum staking amount (if they want to get their free earnings) is 2 days
Stephanie Guo: Users need to pass KYC 1 in this case
Mary | Satoshi Club: For KYC 1 what do they need?
Stephanie Guo: Yes their yield can be compound for staking in the future, but need to do it manually at present hhhh
Stephanie Guo: Just ID
Stephanie Guo: ID card
Stephanie Guo: And video as well!
Stephanie Guo: Bybit has a restrict risk system to protect users assets hhhh
Mary | Satoshi Club: Small details
Stephanie Guo: So need to be careful about it
Stephanie Guo: But as long as you are a qualified users, then no need to worry about it hhh
Stephanie Guo: Done
Mary | Satoshi Club: Is there any minimum to stake?
Stephanie Guo: Yes, 50 BIT or 100 USDT
Stephanie Guo: A small threshold
Mary | Satoshi Club: Yes, it’s affordable money
Mary | Satoshi Club: Thank you for your answers! Ready to jump to the next question?
Stephanie Guo: Yeah exactlly
Stephanie Guo: Yeah pls!
D. | Satoshi Club: Q5 from Telegram User @UniqueVicky Please let’s talk about security as the top priority for trading platforms. To further enhance users security and protection for users assets,Bybit said he is “implementing major security upgrades”and is also working with “leading security experts”,blockchain businesses and data analytic companies accross the globe, this is quite impressive,can you tell us what are the leading security firms or experts you are collaborating or working with,is it CERTIK or TECHRATE? What are the major security upgrades you are implementing into Bybit ecosystem and the data analytic companies you are collaborating with? You also said Bybit has set up Asset security fund should incase users encounter any issues on regards of their assets on Bybit, how can users get Access to this fund? What criteria of users are reliable to this fund,is it ordinary traders or investors? How much % Bybit token have you allocated for this purpose?
Stephanie Guo: Well security is one of the most important thing for us, we have cooperated with like slowmist, which audited a lot of well-known projects.
Stephanie Guo: A large number of audits and penetration tests have been done for the projects before and after the listing to ensure the user’s capital security and information security.
Stephanie Guo: On the other hand, the layered deterministic cold wallet and offline signature technology are adopted to eliminate the possibility of hackers’ attack to stole the private key.
Stephanie Guo: Bybit has operated safely and stably under double-layer protection for more than a year without token hacked.
Mary | Satoshi Club: Did you ever have any security incidents?
Stephanie Guo: Bybit leads the industry in security investment, with 25% of its budget to this area.
Stephanie Guo: Hhhh non till now
Stephanie Guo: Good job on Bybit
Mary | Satoshi Club:
That’s cool
Stephanie Guo: Done
Mary | Satoshi Club: Thank you for your answers! Ready for the 6th and last question from this part?
Stephanie Guo: Sure!
D. | Satoshi Club: Q6 from Telegram user @Ajpaa One of Bybit’s DeFi product called ByFi Center is said to be a gateways to cloud mining where users get enhanced hash power for virtual mining, Offering greater profitability with fewer risks cloud mining service. Which advantages does your cloud mining service offer over other cloud mining service? Can you elaborate on your enhanced hash power cloud mining service and how it’s implemented to offer virtual mining, fewer risks and great profitability? How can users get contract for cloud mining, do you offer different plans and what is the payout modality? Which assets can be harvested directly via your cloud service?
Stephanie Guo: Oh Byfi Center
Stephanie Guo: Well to be honest, we just launch a new version this month, and cloud mining is already not been there hhhh
Stephanie Guo: Now our focus are flexible staking and Launchpool
Stephanie Guo: Byfi center also has Dual Asset mining and defi mining
Stephanie Guo: They can cater the needs of diversified type of token holders
Stephanie Guo: Btw. Bybit’s staking product has a rather high APY in the industry
Mary | Satoshi Club: Do you have any guidance how to join virtual mining?
Mary | Satoshi Club: What APY do you currently have?
Stephanie Guo:
Stephanie Guo: More details can be seen on our website lol
D. | Satoshi Club: And in the end of the first part of our AMA – can you share with us a short-term goals which you planning to achieve in the near future? what we can expect from ByBit?
Stephanie Guo: Yeah sure, you see the spot business will be our focus in the future, and we aim to become top 3 in spot market cap in 2022 (now rank around 12th. on coingecko), and our derivative, since now already rank top 4, so our goal is top 2 in next year hhhh
Stephanie Guo: And we are all confident that we can make it
D. | Satoshi Club: Fantastic goals! i wish you achieve them!
Mary | Satoshi Club: Stephanie, thank you for this awesome first part! Live part of our AMA is so close, that i can hear our users fingers printing their questions
Stephanie Guo:
Thx
Mary | Satoshi Club: Are you ready for the storm?
Stephanie Guo: Lets start hhh
Mary | Satoshi Club: Let’s go
Part 2 — live questions from the Telegram community
Q1 from Telegram user @highpee :
HELLO !You have said that users will need to PASS KYC Lev 1 in order to be able to partake in LAUNCHPOOL. What document is required to pass this KYC level? And are there regions restricted from accessing this?
Stephanie Guo:
Yes KYC L1 needs the ID card and a photo of the user holding picture with the key info on it(like many exchanges do), the restricted areas include The U.S, Quebec (Canada), Singapore, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, and Mainland China.
Q2 from Telegram user @Mejaniyam:
Does ByBit have plans to attract new crypto users especially those living in non English speaking countries?
Stephanie Guo:
Actually Bybit is a very globalized platform with over 10 languages supported, and if you can see the division of our users, Korean, Japan, Spanish and Turkey are main market of Bybit (EN market can only rank 3rd) we have a professional regional market team to operate the localized marketplace, with affliate program, cooperation with local communities and influencers, and localized campaign & exclusive bonus for local area, etc. more details can check our community or official website, we have all the local communities
Q3 from Telegram user @feranno :
Hi Stephanie.Is Bybit Launchpool competitive against other launchpools? So is it possible for us to generate more income than others? Also, do you have detailed documentation for those who don’t know enough about launchpools?
Stephanie Guo:
Sure yes, actually we did a math earlier, if user stake 10000 BIT, how much they can earn lol, and for example, for the detravel project just ended, the answer is users can get around 5000 usdt for staking 10000 BIT (they can unstake BIT later, so the yield is really high); our current project DeHorizon – invisted by YGG, the expected APY reaches over 100% as well, and its quite simple, all you need is to stake USDT and get DEVT automatically everyday!
Q4 from Telegram user @habibi_ve :
Bybit has been growing a lot in a short period of time. What do you think is the reason for this success? What will be its purpose now for 2022?
Stephanie Guo:
Our affiliate business is very good, and we have a professional investment team to guarantee the financial support lol and also the solid product & security system, so Bybit has a very good branding actually.
Q5 from Telegram user @Arnavx5 :
Hello @Stephanie_Guo.
Do you have any plans of conducting Future Trading Competition? I am quite good at it.
Stephanie Guo:
Actually we will have one in the next several days, just stay tuned on our website! the prize pool is reeeally huge!
Q6 from Telegram user @Ishan1_7:
Please define the meaning of your project name “ByBit,” as I’m curious.
Stephanie Guo:
Win over the entire world with our products and services, bit by bit.
Q7 from Telegram user @sirdefi:
How strict is Bybit with the projects you list? Do you take it lightly and accept any request? Or do you do a proper investigation of each project? Can we trust the projects that are there?
Stephanie Guo:
We have an exclusive research team to evaluate each token to be listed on Bybit, our colleagues will produce a professional recommendation report if they agree to list any token, the evaluation dimensions ranging from the legal to unility, to ensure the quality of the token listed on Bybit
Q8 from Telegram user @Zohaya:
What are the Bybit plans and events to which we should look forward? Are there any freebies or airdrops available?
Stephanie Guo:
Yes, for newbies, Bybit has a $600 bonus, and if you can browse on Bybit’s website, you can see there are tons of campaigns with free airdrops everyday, with huge prize pool, in fact we will launch a campaign with prize pool of 6 million dollars, well Bybit is very rich.
Q9 from Telegram user @Chrisboy5:
At what stage is Bybit currently at and what is on your roadmap for the next 6 months?
Stephanie Guo:
Well just want to mention our focus in the next half year: NFT, Defi, Launchpad & Launchpool, Options, and Fiat.
Q10 from Telegram user @tahanisg :
Can you tell us about BIT token? I can’t find it on Coinmarketcap or listed anywhere other than Bybit. is it an internal only token?
Stephanie Guo:
BIt has been listed on Gate and MEXC by now, and will be listed on many more big exchanges in the future lol
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
Part 1: 50$ /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 50$/5 users – Open chat for 120 seconds. You can post Max 3 questions. Hashtagger Spanish Team will select 5 questions and answer them.
For more details: Hashtagger Spanish – @HashtaggerOfficial Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
