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.
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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 Indonesia Team will select 5 questions and answer them.
For more details: Hashtagger Indonesia – @HashtaggerOfficial Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish Indonezia – @satoshi_club_indonesia
When it comes to trading and investing in the cryptocurrencies world, one of its major advantages is tied to its inherent and literal “flip side of the coin”: that is, volatility.
While legal tenders maintain daily volatility percentages that float around the 0.5% mark, it is instead not usual for cryptocurrencies prices to undergo 5%, 10% downside/upside changes (or even more) in a short span of time. By simple syllogism, such an event can imply huge losses (or gains) for investors; instead, a fiat currency, regulated by a government, has a fixed value; take for example the British pound or the U.S. dollar – and, yeah, I can already hear a lot of you screaming…for matters of simplicity and logical, yet theoretical reasoning, I’m deliberately keeping inflation out of the equation, so please stick with me 🙂
So, while volatility can be a positive, driving factor if a trader knows exactly when to buy or sell, we cannot avoid taking into account the fact that the majority of cryptocurrency investments are extremely risky investments, being fully aware that the financial concept of risk-reward is a dual, holistic one.
Despite this acknowledgment, the cryptocurrency world is already armed to offer a different category of products to those that show higher risk aversion in their financial decision-making behavior. Anyone that wants to have access to the decentralized benefits brought by the industry – not having to worry, at the same time, about the ups and downs of crypto prices – can invest in a different crypto asset: stablecoins.
While this is not an in-depth guide on “how do stablecoins work?”, “what are stablecoins?” or “what is volatility?” (I can assure you, you can easily and quickly find the answers following up with a simple google search), we will still briefly touch upon these topics here and there, as they play a pivotal role in the brilliant design and architecture of today’s featured project – the MARS Ecosystem.
In the next paragraph we will work our way towards building our understanding via a brief introductory compendium meant to scratch *very superficially* the surface that makes up the bulk of the questions above … and then, armed with that simple knowledge, we will delve deeper into the value-packed proposition and amazing goodies that the MARS Ecosystem team is developing!
A Quick Understanding of The Central Role Played by Stablecoins
If we put on the analyst hat and examine how the market cap of decentralized stablecoins has been faring during the last year (taking into account, for example, “stables” like DAI, sUSD, etc.), it gets very easy to reckon that a real boom has been taking place: the growth of the stablecoins market has been unprecedented with a whopping ~22x growth. While this may only seem a huge number, it also bears all the signs of what could be seen as the jump-start of a new era – one where decentralized stablecoins could take the lead and even overthrow, in a not-so-unlikely future, the multitude of centralized, regulated stablecoins represented by behemoths of the likes of USDC or even BUSD.
Keeping our analyst hat still on our heads, we can see that the current, aggregated market cap of centralized stablecoins has reached over the years the order of magnitude of hundreds of billions of dollars (market cap variations have also been frequent and quite dramatic with volatile swings, just as witnessed in recent periods). While this is huge and impressive, decentralized stablecoins are also taking hold in terms of adoption (with the current market cap around one-tenth of the figures outlined above), with many technical projections and indicators foreshadowing a potential “flippening” scenario occurring in less than 3-5 years from now.
But why is this important? Let me correct myself: it’s not important – it’s critical… and that is because, by definition, stablecoins represent DeFi’s life essence. Decentralized stablecoins are at the very heart of the DeFi stack – that is, the modular, holistic design that makes Decentralized Finance the unique one-stop-shop for all of the services & products that we’re able to currently enjoy. If the DeFi stack is the engine, stablecoins are its fuel.
And this fuel is far from being the perfect mix though: the way actual stablecoins were to fit the stack’s architecture has, over time, bred three main issues: there is no stablecoin design that simultaneously meets the needs of price stability, decentralization & scalability. And that’s when, where, and why the Mars Ecosystem team steps in.
What is the Mars Ecosystem
The above graphic does a great job of addressing some of the pros and cons of some of the most famous stablecoins of the cryptoverse. So, you might now be asking: what’s the Mars Ecosystem bringing onto the table? What is the value proposition brought forth … and, above all, what is Mars Ecosystem?
The Mars Ecosystem is a Decentralized Stablecoin and DeFi platform, whose design is tripartite; it is composed of
the Mars Stablecoin (of course!)
the Mars Treasury
and the Mars Ecosystem DeFi Protocols
These 3 components were designed to integrate seamlessly, constituting a positive feedback cycle meant to generate a perpetuating “flywheel” effect within the ecosystem and giving life to a never-seen-before stablecoin paradigm that bears the characteristics of price-stability, capital-efficiency, scalability, and, above all, decentralization.
Let us now have a sneak-peek at the 3 components in more detail.
The 1rst Component – The Mint/Redeem Mechanism of the Mars Ecosystem
The Mars Ecosystem employs a dual-token model (more in detail in the Tokenomics paragraph):
One is represented by the Mars Stablecoin (USDm)
The other one is Mars Ecosystem’s flagship, non-pegged token (XMS).
A Mint/Redeem mechanism has been carefully thought out and put in place by the team: the USDm stablecoin can always be minted and redeemed from the ecosystem for $1 worth of XMS. When minting USDm, the XMS utilized to mint it is burned. When redeeming USDm, new XMS tokens are minted.
This whole process is accompanied by several features (that are specific to the Mars ecosystem), which are then indicated with the appropriate “jargon”, and also which address a specific, required aspect to make everything tick & work as smoothly and precisely as a Swiss watch. Again we will not get into the details of all the technicalities here, but there’s one specific feature that’s so unparalleled and ingenious that we believe deserves to be highlighted: that’s called “Asymmetric Minting” – and in order to grasp the smart mechanism underlying it, we need to introduce some terminology.
So what is Asymmetric Minting and how does redeeming work under it?
Let’s say you’re a user that wants to mint USDm tokens. In order to do that you have to add one of the Mars Treasury whitelisted assets to the Mars Treasury. For example, you can mint 5 USDm with $5 worth of ETH. However, when you decide to redeem 5 USDm, what you are given is the XMS token, in place of ETH. And that’s how Asymmetric Minting is provided.
On top of that, assets that are available in the Mars Treasury will sustain the value of USDm and XMS and, thanks to the Support Ratio (see the caption above), USDm’s market cap will be limited by XMS market cap, positively impacting XMS price and preventing the infamous “death spiral” events that are typical of sell-offs that occur under extreme market conditions.
The 2nd Component – The Mars Stablecoin DEX
The Mars Ecosystem team has implemented a Stablecoin AMM DEX, simply known as “Mars Stablecoin DEX”. The DEX aim is to incentivize liquidity provision and trading, particularly favoring the native USDm stablecoin.
On the DEX, users can also stake XMS to earn a share of the transaction fees generated via the DEX usage from other users.
This implementation allows for the capturing of value inside the Mars Ecosystem, solving the inherently rooted design problem that’s all too common within the majority of stablecoin protocols: the economic benefits generated by a stablecoin’s creation/minting aren’t captured by the protocol itself, but instead are dispersed via other use cases that are specific to the protocol, with a consequent “value leakage” that’s inefficient for both the ecosystem and the users. Instead, thanks to the Mars Ecosystem DEX architecture, the value is relayed to those users that utilize and support the protocol, at the same time generating highly-desired price support for the XMS token.
The 3rd Component – The Mars Ecosystem’s “Flywheel Effect”
The “Flywheel Effect” is a positive feedback loop that’s been designed to build “momentum”, increasing the payoff of incremental efforts. Borrowing some words from the project’s Official Medium, this Flywheel Effect appears to be kind of like karma: “[…]good things you do lead to more good things “just happening”[…].
It may sound sybilline, but it’s not. In fact, the Mars Ecosystem team intentionally designed the whole system in such a way that its 3 major components (the USDm stablecoin, the native XMS token, and the stablecoin DEX) would work together to generate a positive feedback cycle, one that would naturally bring about the “flywheel effect” and accelerate the Protocol’s expansion & growth.
This is beautifully recapped by the infographic below:
Addressing The Fundamental Stablecoin Protocols Issues
We’ve outlined Mars Ecosystem’s structure, detailing its 3 major infrastructural components. This structure is in place to address two fundamental problems typical of stablecoins protocols: one is the positive externality problem, and the other is the integration problem.
The positive externality problem of stablecoin protocols is related to the costs of producing (minting) and maintaining stablecoins. These costs are incurred by the protocol and its users/stakeholders (minters, shareholders, bondholders).
The majority of the value derived from the stablecoin protocols lies within the transaction fees gathered on other DeFi protocols. This capital is thus captured by these DeFi protocols, giving no financial aid/support to the stablecoin protocol itself. What this too often implies, in the end, is that supply shortages of said stablecoin are a usual (yet unwished-for!) occurrence, leading to the potential inability to satisfy market demand on DeFi platforms.
The integration problem of stablecoin protocols is instead related to the demand for stablecoins created by any stablecoin protocol. This demand is highly dependent on the degree of integration of said stablecoin within other DeFi protocols, besides the native stablecoin protocol. If the integration of stablecoins with other DeFi protocols is ignored, then supply growth and stability of stablecoins are affected.
The Mars Ecosystem team has managed to work its way through these thorny problems, putting the puzzle pieces together, by crafting and designing a stablecoin protocol that would solve these two problems in one go, bridging the gap that’s been in place for so much time, thanks to the features that the Mars Ecosystem protocol can finally boast with its services:
Price stability: the Mint/Redeem mechanisms ensure the price of USDm is pegged to $1. The market cap of USDm is backed by the market cap of XMS by several multiples.
Capital efficiency: to mint one USDm a user will always need $1 worth of XMS
Scalability: The supply of USDm scales with the market cap of XMS.
No Reliance On Centralized Collateral: The price stability of USDm is built upon XMS and the Mars Ecosystem.
High Value Captured from Stablecoin Adoption: A substantial part of the transaction fees generated through the utilization of the Mars Stablecoin DEX are captured via the XMS token.
Extensive Integration: USDm will be integrated into other DeFi protocols as well as crypto payments.
The “Flywheel Effect: The relationship between the USDm, XMS, and the Mars Stablecoin DEX constitutes a positive feedback loop, generating the Flywheel Effect mentioned previously in this article.
And – cherry on the cake – this is all accompanied by a stern security layer: Mars Ecosystem’s smart contracts are in fact audited by some of the most renowned security auditors in the space – Certik, BlockSec, and SlowMist.
Tokens (USDm & XMS) and Tokenomics
As explained in an earlier section, the Mars Ecosystem employs a two-token system:
USD-Mars (or, as we know by know, USDm) represents the stablecoin of the Mars Ecosystem. XMS, instead is the Mars Ecosystem Token, functioning also as the protocol’s governance token. The USDm stablecoin has been designed to serve as the reserve currency of the DeFi world, while the XMS governance token’s aim is geared towards capturing the value generated from the creation and circulation of USDm, and, for that reason, has also been equipped with huge potential and appreciation capabilities.
We could synthesize the value capturing model of the XMS Mars Ecosystem Token by highlighting 3 special characteristics:
The Mintage Control Mechanism (MCM). The Mintage Control Mechanism ensures that the market value of XMS is at least 2.5 times the circulating supply of USDm. If, for example, at any given point, the market demand for USDm is parked at 100 million, then the market value of XMS should be at least 250 million USD. If this is not the case then the circulating supply of USDm cannot reach 100 million (at that given moment).
Mars Treasury Control Rights Value. XMS holders can influence and determine protocol upgrades within the Mars Treasury through protocol governance votes. To prevent the occurrence of any 51% attacks on the protocol the market capitalization of XMS will always remain at least 2x the value of the assets held within the Mars Vault. If, for example, the circulating supply of USDm in the market is 100 million USD, and correspondingly Mars Treasury has 100 million USD assets, then the market value of XMS will be at least 200 million USD – otherwise, the Mars Treasury would be at risk of being attacked.
The Transaction Fees Generated Via The Mars DeFi Protocols. When users trade on Mars DeFi protocols such as Mars Swap and Mars StableSwap, they will be charged transaction fees. These will be partly assigned to liquidity providers and partly assigned to the protocol itself. The protocol also defines the fees to distribute to XMS stakers through the buy-back and redistribution of XMS.
Also, numbers are important whenever we’re writing about token economics. The total supply of XMS amounts to 1,000,000,000. The token distribution is as follows:
70% has been allocated as Community Incentive – for Liquidity Mining, Trade Mining, and Airdrops purposes
10% has been allocated to the DAO Treasury – these represent Market Making, Operations, Marketing, and Partnerships reserves.
10% is held by Investors. The institutional investors’ tokens will follow a linear vesting schedule for 18 months, starting from Genesis Launch, while IMO participants’ tokens were released linearly for 6 months, starting on June 15th – this design was meant to incentivize the distribution of XMS tokens to true long-term supporters of the Mars Ecosystem in a sustainable way.
Finally, 10% is held by the Mars Ecosystem Team. These tokens are locked following a monthly linear vesting schedule that started at the Genesis Launch, for 36 months.
Currently, the $XMS token is listed on PancakeSwap and Centralized Exchanges BKEX and Hoo.com. And by the way – a fully-fledged, detailed Tokenomics paper can be found here.
Roadmap
The Mars Ecosystem just recently rolled 3 extremely successful “Genesis Events”. These events saw overwhelming participation, with over 24,000,000 BUSD and about 38,000,000 XMS tokens cumulatively staked over the course of just 9 days (from November 21rst until November 29th)! The “Genesis Events” goal is to incentivize the minting of USDm and distribute XMS, BTC, ETH, BNB, and CAKE as rewards to the early supporters of USDm for free. Genesis Event 4 is about to be announced soon with amazing rewards for all the participants – so, if you’re curious, I highly suggest having a look here!
Coming next, the team plans on releasing more DeFi protocols via investments, incubations, and joint development to empower the Mars Ecosystem. The end of Q4 2021 is bound to be the time for the yield aggregator module’s release, together with the development of the Mars Launchpad platform.
In Q1 2022 stable coins mintage will be implemented on other public chains, expanding the Mars Ecosystem further. 2022 and beyond will thus witness the implementation of the Cross-Chain Stablecoin DEX with an expansion into Ethereum, Heco, Polkadot, and many other renowned ecosystems. Also, the team will seek partners within the crypto payment service providers sector to foster USDm adoption.
Conclusion
With over $258 million locked in TVL – which the project has managed to attract, since its launch, in a very short span of time – the Mars Ecosystem team should be extremely proud of the steady growth of the platform. Bitcoin’s recent tumble hasn’t proven to be much of a hindrance for this ecosystem whose goal is to become the leading algorithmic stablecoin protocol of the DeFi world. The team’s mission is well on its way and this is also proven by the list of reputable, strong backers that have pledged their support to the protocol since its very inception (Parallel Ventures, YBB, Kernel Ventures, 7Star Capital, Continue Capital). We cannot also fail to mention the most recent cooperations and notable partnerships with Monsta Infinite and Celestial.
Mars Ecosystem has been warmly welcomed by most of its stakeholders, thanks to its innovative proposition in the niche of crypto stablecoins. Its future success will definitely depend on the team’s ability to cement its presence inside the wider marketplace of digital assets, and also the capability to fulfill the roadmap promises made to both investors and users for the coming quarters. Yet we can, without much doubt, consider Mars Ecosystem’s experience a positive and impactful one so far: we personally love what the team has been masterfully capable to build, with a dApp that offers a variety of tools and products that are undeniably value-packed, streamlined and rich in all of its aspects.
Community and Social Channels (as of December 8th, 2021)
MARS Ecosystem’s Website
For everything you need to know about MARS Ecosystem, visit the official MARS Ecosystem Website.
MARS Ecosystem’s Telegram
Join the conversation on Telegram to stay in the know about MARS Ecosystem.
MARS Ecosystem’s Medium
To keep up with the latest updates from MARS Ecosystem, follow them on their official Medium page.
MARS Ecosystem’s Twitter
Get in touch and social with other members of MARS Ecosystem’s community. Join the community on Twitter.
Legal Disclaimer
Both Satoshi Club and the article’s authors are not providing readers any individually tailored investment advice. The article does not constitute financial advice. The material is for educational purposes only and Satoshi Club nor any of its authors are responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
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. Tsar Network Russian Team will select 5 questions and answer them.
For more details: Tsar Network Russian – @tsarnetwork Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
The NFT market is more massive now than it has ever been. With many natives, enthusiasts and investors realising the value of staying on the side of these ever-accelerating digital assets, their worth has increased tremendously.Currently, the NFT market is worth more than 7 billion USD. This value is not a surprise as the NFT market has witnessed mind-blowing growth as the sales of NFTs shoot at 2 billion USD or a near value. This is a rather huge increase from the 400 million USD monthly sales volume at the beginning of the year. The increase in sales volume is what has helped NFTs grow to be worth more than 7 billion USD. Just by building a marketplace for assets not easily converted to cash such as collectables, art (digital art), games, music and others, the NFT realm is set to wax stronger in the coming years. NFTs are particularly useful because they tackle the challenge of infusing liquidity into normally illiquid assets.Away from the increase in NFT sales, a rise in the dollar value of many digitised tokens has played a prominent role in raising the value of NFTs in the market.
Fractionalized NFTs is Getting a Lot of Traffic
Fractionalized NFTs are set to revolutionize crypto collectables. They provide a novel way to invest in NFTs by dividing ownership. A standard NFT is initially deposited into a blockchain address that is protected by a smart contract. Next in line with this is that investors can buy then buy partial ownership of the digital asset.
Several benefits accompany this approach to distributing NFTs. The very obvious reason is that it makes investing in NFT more affordable. Some NFTs are sold for outrageous amounts, even shooting for millions of dollars. By fractionalizing NFTs, more of it will be bought and more investors will patronize the NFT space. Because of the high pricing, NFTs are frequently purchased by affluent individuals and companies, making them incredibly expensive for smaller investors. Fractionalized NFTs deal with this problem by lowering token values, which are frequently below $100 or even as low as $1.
Fractionalized NFTs are also beneficial to artists who may find it difficult to sell their NFT for a high price because of the low demand for it. Fractionalizing NFT can help these artists gain big for their work by selling it in parts. They could even earn more than selling it in the old conventional way.
It’s also worth noting that fractionalized NFTs might make conventional NFT ownership possible. In other circumstances, a single affluent investor can buy the entire fractionalized NFT.
There are a number of brilliant NFT marketplaces out there that offer amazing fractionalized NFT. One of the bests is NFracTion. NFracTion is so unique that it stands out favorably to artists and investors. They’re known to provide the best experience for any user.
What is NFracTion?
NFracTion offers everyone an opportunity to become a part of the NFT world of the future. NFracTion as already mentioned is a unique project. It is a spectacular NFT Fractionalizer that “cuts” digitized art into puzzle pieces. NFracTion through this “cutting” of digital art gives more value for art collectors and higher profit than the regular single-piece NFT.
NFracTion’s marketplace is built with exceptional care to give users a great experience. In its initial stage, NFracTion is tailored towards sports lovers or what they call the “sports fan community”. The acclaimed fractionalizer has entered into a number of partnerships with sports-concerned organizations in line to launch NFTs.
Still, in an attempt to make its user experience brilliant, NFracTion announced its partnership with Chainlink on November 10. The top-notch NFT marketplace integrated Chainlink Verifiable Random Function (VRF) on Ethereum and BSC mainnets. This provides NFracTion access to a tamper-proof and auditable source of randomness needed to share NFT raffle prizes and airdrops fairly.
With this new partnership in place, NFT raffles and airdrops can be received by users of NFracTion fairly and equitably, leading to a much more exciting, credible and fraud-free experience.
Features of Project NFracTion
Fractionalized NFTs
With NFracTion, innovation has been taken to the next level by introducing Fractionalized NFTs. While the NFT space has grown tremendously in terms of marketplaces, prospects, and rewards, artists (sellers) and purchasers continue to face obstacles. Liquidity is a difficulty for sellers, and the high price of individual items means purchasers have limited access.
Fractionalized NFTs split digital arts into puzzle pieces, allowing numerous individuals to own the same NFT. Because artwork can be divided into several ‘puzzle’ parts, this gives sellers additional liquidity. Even with this Simultaneously, individual NFT puzzle pieces are more accessible to buyers and retail dealers.
Cross-chain Marketplace
The very first cross-chain marketplace, NFracTion, expands the array of opportunities that NFTs provide. The marketplace constraints on blockchain networks are amongst the difficulties in the present NFT landscape. As a result, buyers and sellers on marketplaces based on the Ethereum blockchain must pay significant transaction costs.
The NFracTion marketplace proposes a cross-chain marketplace concept. It will add NFTs minted on the Cardano blockchain to its fractionalization capabilities. The marketplace will provide a one-of-a-kind experience with fractionalized NFTs and puzzle packs, as well as a trading and minting platform for NFTs.
Personalized NFT
The NFractiion ecosystem features a one-of-a-kind feature called personalized NFT, which allows it to supply original novelties tailored to the sports market. Fans can get their favourite team’s individually tailored GIF shirts. The user selects the team, number, and name for the GIFs on the platform.
Key Token Metrics and Token Allocation
The $NFTA coin is the NFracTion ecosystem’s utility token. On September 30th, 2021, the platform will launch its IDO on the Occam Razar Launchpad. The maximum supply of $NFTA is 100,000,000.00 NFTA and the total supply of $NFTA is 100,000,000 NFT. Currently, the total amount of $NFTA circulating in the market and available for trade is 15,000,000. The total market value for the currently circulating supply of $NFTA is 556,445 USD. With a 24-hour trading volume of $2,988.36, the current NFTA price is $0.037098269632.
The NFTA was allocated 45,000,000 (45%) for sale, 15,000,000 (15%) NFTA to the team. The treasury reserve as important as it is was assigned 20,000,000 (20℅) NFTA. And, 20,000,000 (20%) for the community.
Community and Social Channels
The NFracTion Website You can find out all you need to know about NFracTion on the NFracTion website. NFracTion’s Official Telegram Page(English) Get connected with thousands of NFracTion’s users and lovers on the NFracTion telegram page. Find answers to most if not all of your questions.
NFracTion’s Telegram Announcement Page(English) Stay up to date with the latest updates from NFracTion on their telegram announcement page.
NFracTion’s Twitter (English) Connect with other NFraction lovers and crypto enthusiasts on the NFracTion Twitter page.
NFracTion’s Discord Join the conversation and stay in the know on the NFracTion Discord page.
NFracTion’s Instagram Join the NFracTion Facebook community to bond with a community of other NFT users, artists and investors.
NFracTion’s Medium Read up amazing articles about NFracTion’s and their partnerships with amazing brands in the crypto space on NFracTion’s Medium account.
Everything genius is simple and you will see this today by getting acquainted with the incredible Genius Yield project.
For the world of DeFi experiencing divergence in yields, Genius Yield has introduced the possibility of optimizing the users’ APY and enhancing the efficiency of asset allocation in the decentralized digital ecosystem.
In essence, Genius yield is a tool that can be used with multiple exchanges to gain the best possible profit from yield farming. Having complex, well-defined algorithms at its core, Genius yield allows its users to automate their yields without the need for detailed analysis and manual executions. The manual process is replaced by algorithmic execution based on specific characteristics such as transaction cost, demand and supply, liquidity, and more.
Genius Yield is capable of efficiently handling the drastic changes in the supply of the liquidity pools and protecting the users’ assets. It safeguards the users against the highly volatile market by adjusting the asset allocation according to the current yield.
Genius Yield is a DEX built on the Cardano Blockchain. It allows projects and participants to raise funds in a truly transparent and unbiased market.
So let’s take a closer look at the Genius Yield project.
1. The obvious choice
Usually, choosing a blockchain for a project is one of the fundamental conditions for its success. Genius Yield’s choice is based not only on current benefits but also on prospects, which once again emphasizes the long-term vision of the project.
Cardano is a decentralized third-generation proof-of-stake blockchain platform. While it shares characteristics and applications with other blockchain platforms like Ethereum, Cardano is the first blockchain platform to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.
From a plethora of blockchains available in the market, the decision to select Cardano has been made because Cardano has the potential to become the de facto blockchain platform for the financial world.
Cardano’s efforts and core principles are aligned with Genius Yield’s goal of making DeFi available for the masses.
With Cardano, Genius Yield will create a global DeFi ecosystem enriched with security and authenticity.
By using Cardano, Genius Yield will be able to fulfill its dream of being a fully decentralized community.
Cardano’s main reason has been founded to eradicate the complications of existing blockchain platforms in terms of scalability and security.
The project was initiated in 2015 by Input-Output Hong Kong (IOHK), a company managed by Ethereum Co-Founder Charles Hoskinson 2015.
Cardano was conceptionally designed to facilitate DeFi for the masses. It allows developers to build scalable and secure applications quickly with Cardano’s native governance token ADA powering seamless financial transactions.
Cardano currently has a market capitalization of more than $73 billion, making it one of the largest decentralized networks in the world.
The main reason why Cardano offers Genius Yield a perfect DeFi ecosystem is its outstanding technical features.
Cardano’s Settlement Layer (CSL) allows the secure transfer of ADA between accounts. This is further complemented by Cardano’s Computational Layer (CCL), the smart contract logic layer that dictates the transfer of assets.
The consensus applied by Cardano is the Ouroboros protocol. From the decentralization perspective, Cardano is maintained by separate organizations eradicating the chance of monopoly or manipulations.
Additionally, the Alonzo upgrade is en route to placing Cardano on the map of the DeFi revolution. It will enable developers to build smart contracts on Cardano.
Alonzo has been released in September 2021, which is why Genius Yield is committed to being one of the world’s first projects that is powered by Alonzo.
2. Simple solutions to complex problems
To this day, the DeFi world remains too complex even for experienced users, not to mention beginners. Processes are sometimes complex or lengthy. Here is a list of the main problems that Genius Yield is solving:
Users earn only a tiny percentage of the total amount of funds.
Manual searches for more exciting rewards when providing liquidity is cumbersome.
Switching to more profitable liquidity pools is time-consuming.
Manual access on all DeFi staking protocols.
Swap and deposit collaterals.
Exit when the yield is not attractive anymore.
Genius Yield’s Solutions
Genius Yield is based on Uniswap V3 protocol (Concentrated Liquidity, Flexible Fees, Non-Fungible Liquidity, Range Order )
Automates liquidity staking.
Selects and invests in the most appropriate protocols for staking.
Monitors and generates the best possible profits.
Users can manage all their liquidity staking in a single place with an advanced UI.
Well, it’s time to look at the Genius Yield DEX and Genius Yield AMM in detail for a better understanding of their performance model.
Decentralized Exchange (DeX)
Genius Yield is a DEX built on the Cardano Blockchain. It allows projects and participants to raise funds in a truly transparent and unbiased market.
On GeniusYield, anyone can list their native token, provide initial liquidity to set the token price, and allow others to swap their native token for other assets listed on the platform.
In return, swappers pay a small fee, and liquidity providers earn a return on their deposits. This and future white papers will outline an initial product modeled after the protocol popularized by Uniswap, with several innovative adaptations for the Cardano blockchain.
Genius Yield’s DEX protocol will include these features:
The Genius, an automated market maker, is the decentralized money market on
the Cardano Blockchain efficiently manages the liquidity as well as all
required activities in the digital DeFi world.
In essence, AMMs are the protocols used to pool liquidity and manage demand
and supply unbiasedly. The interest rates for the borrowers and lenders are
calculated.
A prime objective of having an Automated Market Maker is to replace the banks
with a digital pre-programmed algorithm to enable more transparency and trust
in the ecosystem. It can be thought of as a group of smart contracts that
execute specific functions when appropriate conditions are met.
Behind Genius’ advanced approach :
– Concentrated Liquidity
– Multiple fee tiers
– Non-Fungible Liquidity
– Flexible Fees
– SWAP Cardano Token
3. The benefits don’t end there
There are never many benefits. Therefore, for the convenience of users, Genius Yield added Genius Wallet Changelly Swap Connectivity.
Genius Yield understands the gap in the current market and aims to bridge that gap by connecting the traditional financial world with the decentralized financial world. At the center of this synergy will be the Genius Yield Wallet that allows crypto deposits and FIAT deposits. Like any other cryptocurrency wallet, the Genius Yield Wallet is enhanced with security and enables fast deposits and withdrawals. It is a non-custodial wallet which means that it will truly decentralize the ecosystem. Being non-custodial, the platform will have no control over the user’s assets, but users have complete control over their assets.
Changelly is a non-custodial instant crypto exchange that does not hold its users’ funds on exchanges or in cold storage. Founded in 2015 and headquartered in Malta, it offers several pair exchange rates and fast transactions. Therefore, many businesses have integrated instant crypto swap features through the Changelly API. Changelly uses an automatic trading robot that integrates with some of the largest trading platforms, including Poloniex, Binance, and Bittrex.
Changelly’s mission is to make the exchange process seamless for everyone who wants to invest in cryptocurrency.
At Genius Yield they want users to buy crypto with Fiat with credit or debit cards and swap it directly in the Genius Yield application.
Therefore, Genius Yield will integrate Changelly API.
In order to use the Changelly exchange to buy with a credit or debit card the first step the users must do is to open an account by providing a valid email address.
After an account has been created, the users need to select a fiat currency. Currently, Changelly accepts USD, GBP, and EUR. As part of Changelly’s KYC procedure users must provide a scan of either their driver’s license or passport. Additionally, a selfie may also be mandatory, although the required documents may differ depending on the user’s domicile.
It’s worth noting that a third party, not Changelly, actually clears all credit and debit purchases. The Changelly exchange merely connects the user with a reliable payment processor.
5. It’s never too late to learn
Genius Yield Academy is a place where everyone is given the right set of information to learn and understand the world of DeFi. DeFi concepts like an automated market maker, liquidity pool, curving bonds, and oracles may be overwhelming for many people, which is why DeFi is unable to reach mass adoption.
Genius Yield does not only intend to make DeFi easy but also to make DeFi understandable for everyone. Therefore, at Genius Yield’s Academy, visions of thought leaders, blockchain experts, and the Genius Yield team are available to users to help them understand the true wonders of DeFi.
Furthermore, the Academy is segregated into different sections based on languages, level of users such as newbies, and advanced trading videos that can be useful for expert traders. This segmentation allows a more friendly environment customized to the needs of the user.
4. Who makes dreams come true
Behind every successful project is always a team of professionals who work as a coordinated mechanism. Genius Yield can boast of being able to create such a mechanism, and we are happy to introduce our readers to their team. The team behind the Genius Yield project comprises industry experts, veterans, and an experienced group of developers.
Of course, these are not all team members, you can get to know the team members in more detail by visiting the Genius Yield website and the project’s social channels.
5. Smoothly engine
Our story would never be complete if we overlooked one of the fundamental parts of the Genius Yield project – the $GENS token!
The $GENS token will be the engine of all their products and services, and its function will go far beyond the governance of the protocol GeniusYield
$GENS token is a Cardano native token.
Native token is a new feature that enables the transacting of multi-assets on Cardano. Users can transact with ADA, and with an unlimited number of user-defined (custom) tokens natively.
Native tokens offer distinct advantages for developers: there is no need to create smart contracts to handle custom tokens since the ledger takes all token-related functionality.
The native tokens feature extends the existing accounting infrastructure defined in the ledger model.
$GENS are the native tokens of the Genius Yield Protocol. These tokens can be used to open an account at Genius Yield and start earning optimized yields. $GENS will be available on all top exchanges.
The $GENS also acts as a governance token, and anyone holding $GENS is part of the decision-making of the platform upgrades. Users can create proposals and vote on proposals by staking or holding $GENS.
The Genius Yield ecosystem enables users to earn a significant passive income. All $GENS holders will get a reward. The 20% of the transaction fees on the platform will go to $GENS holders.
6. Life is full of events
The life of Genius Yield is full of events, so their users always stay in shape and every day they are convinced of the correctness of their choice. Here are just some of the latest developments.
– To celebrate the launch of its ISPO Genius Yield is organizing a big Winning contest! Enter the contest here : https://bit.ly/ISPO_Contest
– Genius Yield is excited to announce that MAESTRO stake pool is their official ISPO partner. Their team of experienced engineers will deploy and operate Genius Yield’s stake pools and keep their ISPO running smoothly.
– Ledgity Announced Partnership with Genius Yield
7. Conclusion
If I were asked to formulate my impressions of the above project in one sentence, it would sound like this – It’s easy to be a genius with Genius Yield.
DeFi is booming and has gained remarkable traction. But, for DeFi to grow further, it needs to support the needs of ordinary people, not just tech-savvy ones. Genius Yield aims to meet the needs of both types of users by creating an application that is easy to use for ordinary people and by allowing users to generate the highest possible yield in the simplest manner.
The future of DeFi is aggregator driven and Genius Yield is at the forefront of this future.
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 Rainmaker Games and our guest was . The AMA took place on the 8th 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 Rainmaker Games! Welcome to Satoshi Club.
Gold Rocket | Satoshi Club: Today our guest is @willdeane
Will D: Nice to meet everyone!
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @willdeane
Gold Rocket | Satoshi Club: Nice to e-meet you
Gold Rocket | Satoshi Club:
How are you doing today?
Mary | Satoshi Club: Welcome here, Will.
Will D: I am doing great! Tons of momentum and announcements coming up, so excited.
Gold Rocket | Satoshi Club: We also really excited about upcoming AMA with you
Mary | Satoshi Club: Wow, i see you’re very busy.
Will D: Me too. Pumped to start!
Mary | Satoshi Club: i think we can start our AMA now.
Gold Rocket | Satoshi Club: Let’s start! Introduce yourself please. How did you get to be involved in crypto & Rainmaker Games
Will D: Great! – My name is Will, I am the founder/CEO of Rainmaker Games. I got involved in crypto in 2017 and really dove deep in 2020 when we saw true application/utility on top of crypto by way of Axie Infinity.
Mary | Satoshi Club: Axie Infinity is really hot.
Gold Rocket | Satoshi Club: Give us a brief introduction to the project. What is the essence of Rainmaker Games
Will D: In terms of Rainmaker Games. We saw the success of axie and the opportunity to build a guild in the game. Fast forward to today we have over 1200 players and over 100,000 members in our ecosystem. What is important to note, is that while we have a guild, our company is focused on connecting gamers, guilds and games. We are building the future of gaming platform so that all players who want to be in Play2Earn can join, even if they don’t have a sponsorship.
Gold Rocket | Satoshi Club: Very promising.
Gold Rocket | Satoshi Club: Tell us about the benefits of Rainmaker Games. How is it different from others?
Mary | Satoshi Club: Do you have gamers in the team? Or someone who was involved in gaming industry?
Will D: Yes, we are solving a massive problem in this space. That the barrier to entry for players is really high. Almost all players, right now, have to get sponsored to play or have the financial means to purchase in game assets. Not everyone in the world can afford to do that. But if a player is good, then guild will certainly sponsor them. Our. goal is to let every player join our platform, level up and go through training to be a player that guilds want.
Will D: Yes, my co-founder Victor is a old school gamer. Atari, Dota and every game you can think of
Gold Rocket | Satoshi Club: Great goal .
Will D: He has helped architect the platform we are building, because it is truly for the players
Mary | Satoshi Club: How many team members do you have?
Will D: We have 15 members currently.
Gold Rocket | Satoshi Club: Is your team anonymous or not?
Will D: Nope – We are here to build and visible
Gold Rocket | Satoshi Club: Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?
Mary | Satoshi Club: Nice number
Will D: Yes ready
Gold Rocket | Satoshi Club: We have a good pace of work with you Will.
Gold Rocket | Satoshi Club: Q1 from Telegram User @yellowchamp I found out that Rainmaker Games has an ongoing give away which is $100 worth of Blockchain games token for 3 lucky winners daily until Dec. 10. So,can you explain more about this giveaway program of your platform? What is the mechanics of this giveaway?Does the $100 worth of Blockchain games token prize is withdrawable or it can only be utilized in Rainmaker Games? How can anyone participate this giveaway? As Christmas season is coming,do you have any other giveaways program we can look forward to? Thank you
Will D: We have a lot of other giveaways! I recommend everyone join our Twitter and Telegram and you will have access to them all. In terms of the $100 worth of blockchain games token, it is an on going promotion to bring visibility to the space, not just us. So we are incorporating various gaming tokens to give away.
Mary | Satoshi Club: What another activities do you have except giveaways? How do you incentive users to join your community?
Will D: We have giveaways and the ability to sign up for our beta and get first access to the games we are rolling out on our platform!
Mary | Satoshi Club: What benefits will your early users have?
Will D: Getting access to our platform means you will have first access to all of the games and guilds that we work with. This is a huge benefit if you are a gamer!
Gold Rocket | Satoshi Club: By the way, share your roadmap with us please.
Will D: Of course!
Mary | Satoshi Club: True
Will D: We plan to roll out our closed beta at the end of December, then early January our open beta. Then in February we plan to on board our first 15 games and 20 guilds. After that we have a market place that will open up TBD
Gold Rocket | Satoshi Club: Thanks for your great answers! Let’s proceed to the next question if you don’t mind.
Gold Rocket | Satoshi Club: Q2 from Telegram User @ProwGrowl Rainmaker is also building the NFT Marketplace where the users can sell, buy, rent and loan GameFi NFTs that they can sync into game play within the platform. It is also mentioned that users get access to digital banking service. Could you expand more on that subject. What types of cards does it support? What else makes part Rainmaker ecosystem? Are you offering a crypto wallet connected to the platform?
Will D: Yes of course
Will D: We are working with top card providers to give our users access to financial products and services. Right now we think cashing out of crypto to FIAT is a long process, we plan on shortening that.
Will D: Our market place will allow for the rental of game assets so users can test games before they play them to determine what games they love and want to play long term
Mary | Satoshi Club: Which blockchain are you working on?
Gold Rocket | Satoshi Club: Which feature are you personally most proud of @willdeane
Will D: We are launching our token on Copper Launch on the 17th via ERC-20. But quickly after we will have a bridge to BSC
Will D: I am most proud of our player on-boarding feature. Letting all players join our platform and on-boarding them so they have proper access to guilds is what I am most proud of
Mary | Satoshi Club: Any plans to add more in the future? Cross chain connections are actual now.
Will D: Yes! We are talking internally about Solana and Polygon as well
Will D: Nothing determined yet, but we really love cross chain.
Mary | Satoshi Club: As you are planning to work with fiat – will you have KYC on your platform?
Will D: Initially we won’t have KYC as we will be working with offramp services.
Will D: We will see where the road takes us in the future though .
Mary | Satoshi Club: Gotcha , thank you for your answers!
Mary | Satoshi Club: Ready for the next question?
Gold Rocket | Satoshi Club: Thanks for your answers.
Gold Rocket | Satoshi Club: Q3 from Telegram User @JesusFre1tes DeHorizon Metaverse’s long-term vision is to create an open virtual carnival for all Metaverse Humans across multiple chains, allowing players to enjoy their second life. But, the implementation of multiple chains has always represented a challenge in terms of interoperability, TPS, among others. How does DeHorizon plan to address these challenges to meet the platform’s stated goals for a future of global adoption and no barriers to entry or adoption?
Will D: Hehe, well We are not DeHorizon
Gold Rocket | Satoshi Club: Oops
Will D: But I imagine, it depends on how they integrate with other platforms.
Will D: A strong partnership team would make this a success.
Will D: There has to be a element of human involvement to work with other projects and their partnership teams to integrate across chain and APIs
Mary | Satoshi Club: Btw, what partnerships do you currently have?
Will D: Great question! Polygon we are working closely with and several games although I am not yet at liberty to say. We have a massive announcement coming out tomorrow that will talk all about them
Mary | Satoshi Club: Ohhhh, please share with us as soon as it will be public
Will D: O yes! You guys will be the first on my list
Mary | Satoshi Club: We are honoured to be there
Mary | Satoshi Club: Thank you for your answers! Ready to jump to the next question?
Will D: Yes please
Gold Rocket | Satoshi Club: Q4 from Telegram User @Ajpaa I read from your recent announcement that your token launch and whitelist event is scheduled as follow: Dec. 17th Fair Launch on Copper Launch and Dec 16th Ignition and Polkastarter Launchpads. So can you provide us with details for these events and how users can participate? How can users be qualified to participate in the Rainmaker Game lottery draw on Polkastarter? What is the modality for this lottery draw and how will the wining prize be allocated? Can a participant increase his winning chance? Thank you.
Will D: Great questions! When it comes to Polkastarter, there is a specific process to go through the whitelist. In our Telegram https://t.me/rainmakergames you will find several answers about how to go through whitelisting. In terms of how Polkastarter distributes the tokens, they explain it once you get whitelisted. The Fair Auction on the 17th is really cool. We are super excited for this. Once we plan on announcing where it will be hosted several days before.
Mary | Satoshi Club: You choose best launchpads.
Will D: Hehe we are lucky to have great partners.
Mary | Satoshi Club: Btw, did you have any seed rounds or private sales before?
Will D: Yes we did. We actually had a seed round between .
Mary | Satoshi Club: How much did you raise?
Will D: We have some amazing investors, many of whom you guys know. But we want announce them just yet. That is tomorrow.
Will D: 6.5m
Mary | Satoshi Club: Wow! Congratulations!
Will D: Thank you!
Mary | Satoshi Club: Are seed round investors tokens locked?
Will D: Yes!
Will D: 1 year lock up
Mary | Satoshi Club: Nice , i like this.
Mary | Satoshi Club: I believe your Fair Launch will be successful 10-20 seconds .
Gold Rocket | Satoshi Club: Please do not forget to share with Satoshi Clubbers when it becomes available.
Mary | Satoshi Club: Thank you for your answers! Ready for the next question?
Gold Rocket | Satoshi Club: Thank you for your answers
Will D: Yes.
Will D: I’ll share all of the details
Gold Rocket | Satoshi Club: Q5 from Telegram User @Anne_Tim Rainmaker platform will host 3 tiers of gameplay to ensure an evenly matched and positive gaming experience. Entry-level gamers will start with non-NFT based games, then they can level up to NFT based games where mid-level players will enter. High-level players will be in the third tier of gameplay where they can opt to be Guild Verified. Can the players start with the second tier in case they agree to play for it? Is there a possibility to buy NFT from a particular game and then play it starting with the second or third tier? Thanks!
Will D: Yes absolutely. Depending on your skill level you can start at certain tiers. But if you want to pay for the assets directly, we are happy to oblige as well as help you with training and getting better. Our goal is to make gamers be the best version of themselves, so we are here to serve the community.
Mary | Satoshi Club: Is this option available in your beta version?
Will D: Not yet. But more features to be rolled out soon. I’m excited to launch out of beta and give access to everyone!
Mary | Satoshi Club: We are patiently waiting
Mary | Satoshi Club: Thank you for your answers! Ready for the 6th and last question from this part?
Will D: Yes.
Gold Rocket | Satoshi Club: Q6 from Telegram User @Cheriemike You mentioned that $RAIN is earned by members of your guild through gameplay by Staking.It can be used for liquidity pool staking enabling gamers to earn additional $RAIN.So can you give an overview of the Liquidity Pool Staking?Can you please state the amount of $RAIN gamers will stake before they can receive more $RAIN?What will be the % of $RAIN that will be distributed to gamers who stake to the liquidity staking pool?Will the additional earnings of $RAIN be done on a continuous basis?At what period of time can gamers withdraw what they have staked?Please kindly add more information on staking $RAIN. Thanks
Will D:
Yes great question! We are actually finalizing our staking APY today and tomorrow. What I can tell you is that we want to highly incentivize holders, we imagine the earning for staking your $RAIN for a long lock up period will allow you to earn at least several hundred APY, if not more. We are super excited about this feature!
Mary | Satoshi Club:
What is the minimum amount users can stake?
Will D: Another part we are working to finalize today and tomorrow. I won’t want to be too specific, until we finalize it.
Mary | Satoshi Club: And as i see you will have lock up periods, right?
Mary | Satoshi Club: For staking?
Will D: Yes, we have very long lockups. Not for staking. We will probably have 1-12 month lock ups, and that will determine your % of earning potential
Mary | Satoshi Club: Yes, it’s really long. But it shows that you are thinking in long time perspective
Gold Rocket | Satoshi Club: Сould you tell us please about your tokenomics btw
Will D: Sure, we have investors between .04-.06 with long lockups. Our token utility is designed in a way that if you hold $RAIN tokens you can earn airdrops, rewards and vote in the DAO we plan to roll out. Also you can get first access to games.
Gold Rocket | Satoshi Club: Many thanks for sharing
Will D: Of course! Happy to be in your community sharing with everyone about the project. We will be MASSIVE!
Will D: $RAIN
Gold Rocket | Satoshi Club: Please share useful links to your social networks with our community before opening a chat.
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 myMessage and our guest was . The AMA took place on the 8th 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
Gold Rocket | Satoshi Club: Hi there!
Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We are pleased to announce AMA with myMessage.
Mark: Hi all!
Mark:
Thanks for having us today!
Gold Rocket | Satoshi Club: Sorry for delay!
Gold Rocket | Satoshi Club! We are really excited about upcoming AMA with you
Mark: No problem! I’m a patient guy.
Mark: Thanks! So tell me: what’s the plan today?
Gold Rocket | Satoshi Club: Let’s start with introduction.
Mark: Cool
Mark: Want me to kick it off?
Gold Rocket | Satoshi Club: How did you get to be involved in crypto & myMessage
Mark: I’ve been in the blockchain/crypto industry since June 2018 and some of you may remember me as former Zilliqa team member, as I used to be their Head of Brand and Marketing some time ago.
Gold Rocket | Satoshi Club: And tell us please about your position in myMessage
Andrés M. | Satoshi Club: Nice to meet you Mark, great background.
Mark: Since early this year I’ve been helping myMessage out with branding and marketing. Their Lead Developer and Fouder is a buddy of mine.
Gold Rocket | Satoshi Club: Give us a brief introduction to the project. What is the essence of myMessage.
Mark: Sure.
Mark: my Message is a #SocialFi platform that build on 4 blockchains: Zilliqa, Avalanche, Polygon and BSC.
Mark: So multi-chain approach basically.
Gold Rocket | Satoshi Club: These are leading and high-tech blockchains.
Mark: We have 3 product in the pipeline:
Gold Rocket | Satoshi Club: How long does it take to develop a project? What plans do you have for the future? And what can we expect from myMessage
Mark: 1.) Decentralized Message dApp: encrypt, send, read, search and receive messages, files and data.
2.) Reddit like thread-reply bulletin board: bascially decentralized social media (+ tipping) 3.) Data Portal for Web3 Applications
Andrés M. | Satoshi Club: So is there any other Blockchain in plans?
Mark: Well, the first product is already finished. It will go live this month on Zilliqa Mainnet.
Mark: Other products will come after that. We recently received a grant from Polygon to buid the decntralized Reddit like bullitin board.
Gold Rocket | Satoshi Club: Wow! This is a very big milestone!
Gold Rocket | Satoshi Club: Also we would like to know more about your team. Who is on the project team core?
Mark: For now these 4 blockchains have our focus, as they basically offer what we need: low fees and high troughput – to be able to scale our products.
Mark:
We have 8 core team members right now. Team members are from The Netherlands (me), Singapore, Malaysia, China, Pakistan.
Mark: Our advisors are Lester Lim (X21 founder), CryptoDaku and Kenzi Wang (AU21 founder). Pretty well known industry names and we’re very proud to have such respected folks in our advisory board.
Gold Rocket | Satoshi Club: Is your team anonymous or not?
Mark: Backed by quite a few well known industry names. Check this.
Andrés M. | Satoshi Club: Perfect, that’s true, very famous blockchains.
Gold Rocket | Satoshi Club: Tell us about the benefits of myMessage. How is it different from others?
Andrés M. | Satoshi Club: Congratulations, some big names there .
Mark: Some are and some are not. I’m not exactly anonymous. Hehe
Gold Rocket | Satoshi Club: We understand and accept this position.
Mark: But every team member has been in the blockchain space for quite some time, so our investors know who they are.
Andrés M. | Satoshi Club: @Woelgeest, thanks a lot for your introduction, we have collected 6 questions for you, are you ready to go?
Mark: All our products are on-chain, so fully decentralised and sensorship free. On top of that myMessage uses a quantum-resistant level of security, which is quite a novelty tbh
Mark: Sure. Bring it on!
Andrés M. | Satoshi Club: Q1 from Telegram User @Neilselin I understand that users can pay MESA tokens to start private threads and other users can post replies, comments and likes. If the users who start the threads like the good contents that other users make, then he/she can tip them by using MESA tokens. How can a user get the MESA token?, Does the MESA token have other use cases?, if yes,can you elaborate on the use cases of the MESA token?
Mark: Well, getting MESA tokens goes through IDOs. First one is comming up very soon.
Andrés M. | Satoshi Club: What are the usecases of Mesa tokens?
Mark: There are various utilities. Let me name a few: 1.) Tipping – our token is designed to be used for tipping due to many decimal points. When you give tip of say 100 tokens, it is better than 0.001 token. 2.) Private thread – to create private thread, you need to use our token. 3.) Message mining – you can mine our token by participate in message mining, details will be out soon. Stay tuned. 4.) Staking – we will be launching our own staking platform. 5.) Buyback and burn – 50% of our revenue will be used for buyback and burn. 6.) Governance of the platform And lastly
7.) Paid content – paid content creation and access are using our token.
Gold Rocket | Satoshi Club: Wow! You have huge plans for the future!!!! Please share your roadmap with us.
Mark: Sure. Let me drop a link. The Roadmap is quite detailed..
Gold Rocket | Satoshi Club: We love detailed information.
Andrés M. | Satoshi Club: Amazing features, let’s talk about how to buy the token, our next question is about your coming IDO.
Mark: Hehe. Very important to always #DYOR right?
Mark: Sure
Andrés M. | Satoshi Club: Q2 from Telegram User @chinyere2020 I found out that the IDO of $MESA token will be taking place on the 14th of December. Can you give more information about this? Where will this IDO take place. How long will the IDO last? What will be the total raise of this IDO? I also found out that this IDO will be divided into two rounds; the “Guaranteed round” and the “Community round”. How many users will be in the guaranteed round? What are the requirements that users must meet to get an allocation in the guaranteed round? About the community round, will the community round users participate on First Come First Serve basis or will the community round users have to be whitelisted?
Here you guys can find everything you need. Don’t want to waste too much time, cause it’s all there.
Gold Rocket | Satoshi Club: Thanks for sharing
Gold Rocket | Satoshi Club: Snd for your great answers.
Andrés M. | Satoshi Club: Thank you Mark
Gold Rocket | Satoshi Club: Let’s proceed to the next question? If you don’t mind
Andrés M. | Satoshi Club: 14th December Satoshiclubbers, don’t forget it
Mark: Well, thank you guys for having us! Sure, drop another one!
Andrés M. | Satoshi Club:
Let’s go
Andrés M. | Satoshi Club: Q3 from Telegram User @SZahir I see myMessage is trying to be a censorship resistant app, however, I guess they must have some kind of ban, right? Are there cases where our content can be removed from their platform? No banned content like copyrighted movies or videos? Or very graphic videos of the kind that usually roam the internet and are removed soon after?
Mark: We are fully decentralized, so we cannot ban/sensor content. This is the nature of decentralization, so there is no central authority to control/monitor. If there is copyrighted movies or videos, it is the sender that should be hold responsible.
Andrés M. | Satoshi Club: But is there any kind of KYC for users?
Mark: Actually not. Because of the decentralized nature anyone can freely use our platform and products. That’s ultimately what a public blockchain platform is all about. But obviously we want it to be a nice place.
Gold Rocket | Satoshi Club: Thanks for clarifying.
Gold Rocket | Satoshi Club: And for your great answers.
Andrés M. | Satoshi Club: Great adventage that make you different to current message apps
Mark: So our platform is very different from Reddit, where Reddit need user to register via email. For our platform, all they need is a wallet.
Mark: And tokens of course
Andrés M. | Satoshi Club: How many of them?
Andrés M. | Satoshi Club: Any minimum amount?
Mark: Depending on what you want to do on the plaform I guess. It’s a utility token. There are multiple ways to use the platform, so how many tokens you need depends on what you wanna do or what services you want to use.
Gold Rocket | Satoshi Club: Thanks
Gold Rocket | Satoshi Club: Let’s proceed to the next question
Andrés M. | Satoshi Club: Oh got it.
Mark: For voting there will be a minium ammount, but it has not been set.
Andrés M. | Satoshi Club:
Thanks for the clarification Mark.
Andrés M. | Satoshi Club: Q4 from Telegram User @DK177 You have allocated 37.22% of the total supply for fund raising. In that portion, 35% has been allocated for the private sale and 2.22% for the public sale. What is the reason for this huge difference? Community is the driving force of every project. Then why did you underestimate their financial contribution for your project? Since only 2.2% has been allocated for the public sale, you may be offering some other benefits/rewards/incentives for the general community which are not available for initial investors. Can you explain how do you treat the community members? Please prove that you consider the community as important although a little portion has been allocated for them in the first sale.
Mark: The reason is we want to allocate more tokens to top VCs that can help us to promote, market and do PR for our project to reach wider audience. As you can see our backers are all top VCs. Also we allocate some allo to KOLs. This is to help us reach more users and better position our product. We do believe and support public community although the allocation is much smaller. We provide airdrop, campaign, treasure hunt and also in near future mining for them to participate in our project.
Gold Rocket | Satoshi Club: This is great! If there are any current giveways?
Andrés M. | Satoshi Club: Oh those are great news. At the moment are hosting any community event? Any airdrop or contest coming?
Mark: One of the good things of having a multi-chain approach, is that it will allow us to work with local and global communities of all 4 blockchains, instead of just one.
Andrés M. | Satoshi Club: Completely agree, that is a good way to increase the adoption
Gold Rocket | Satoshi Club: Great! Satoshi Clubbers don’t miss great opportunity .
Andrés M. | Satoshi Club: Amazing opportunity Satoshiclubbers, let’s participate.
Gold Rocket | Satoshi Club: Thanks for your answers
Gold Rocket | Satoshi Club: Ready for the next question?
Gold Rocket | Satoshi Club: Or want to add something?
Mark: Sure
Andrés M. | Satoshi Club: Q5 from Telegram User @KeymerS I read that our data could be protected with security at several levels, so could you tell us what will be the different levels that they will offer? and how can we obtain each of them? Will it be simply by participating in a stake with your token?
Mark: Quantum-resistant level of security and a fully decentralized setup are standard for all our products. For the bulletin board, we have private thread option – like some discussion can only been seen by a selected group. Only those have the secret key can reply and view in the private thread.
Andrés M. | Satoshi Club: Do you have a staking or farming program?
Mark: This means that private threads are really, really private.
Gold Rocket | Satoshi Club:
Thanks for your answers
Gold Rocket | Satoshi Club, [08.12.2021 16:17]
Let’s proceed to the last question of this part🚀
Mark: Yes we have our own in-house staking program that we will launch at TGE or very soon after TGE.
Andrés M. | Satoshi Club: That’s something very important, private information of the users should be keep it with the most high security
Gold Rocket | Satoshi Club: Oops.
Andrés M. | Satoshi Club: Excellent, don’t forget to share your coming announcements with our community
Mark: Of course!
Andrés M. | Satoshi Club: Well, as @GoldRocket27 said, are ready to proceed with the last question of this first part of the AMA?
Mark: Sure!
Andrés M. | Satoshi Club: Q6 from Telegram User @AugusS7 You point out that by using AES256 encryption we will have a level of security resistant to any quantum attack, but will it really guarantee protection against any oversight we may have when manipulating the information and data on your platform? or do you have to be vigilant?
Mark: Very good question!
Mark: AES256 encryption is nice of course, but it goes on top of the security of the platform, which of course needs to be robust as well. Luckily our Lead Developer and Founder Clement is an expert in this field. He has worked in this industry for quite some time, so he knows his stuff.
Andrés M. | Satoshi Club: Great, you have a strong team, congratulations for that.
Andrés M. | Satoshi Club: Could you tell us if you have done any audit to verify the safety of your platform and contracts?
Mark: I haven’t been in the loop for this, but I can check with me team mates if you like. Very hard to keep up with everything going on at the moment..
Andrés M. | Satoshi Club: Don’t worry, but please share it when you can, it’s an important factor to generate confidence
Gold Rocket | Satoshi Club: Np… answer the questions that you like
Andrés M. | Satoshi Club: Well @Woelgeest, thanks a lot for your clear questions, it has been a great pleasure to know more about you and about myMessage
Andrés M. | Satoshi Club: That’s the technology of the future I think.
Gold Rocket | Satoshi Club: And many thanks for this amazing first part of AMA .
Mark: Yeah. Audits are very important, so this will be covered for sure.
Andrés M. | Satoshi Club: Well, is time to proceed with the live segment of the AMA, a big ton of questions are coming for you when we open the chat. Are you ready?
Mark: Open the gates…
Part 2 — live questions from the Telegram community
Q1 from Telegram user @chinyere2020:
I learnt that the myMessage platform is established on Zilliqa blockchain. Why did you decide to establish myMessage on the Zilliqa blockchain? What are the features of the Zilliqa blockchain that will ensure the efficiency and constant development of the myMessage ecosystem?
Mark:
myMessage will be built on 4 blockchains, but the Zilliqa team was actually the first team that gave us a grant early this year. Zilliqa is a public blockchain like Ethereum (also a smart contract platform), but it doesn’t need layer 2 solutions to scale. So it offers low fees, high throughput, scalablity and security (also on the smart contract language level) on L1. Check yourself: https://www.zilliqa.com Zilliqa is a high-performance, high-security blockchain platform for next-generation applications.
Q2 from Telegram user @Emidm28:
The myMessage team shared with the community the announcement that the team received a Polygon Developer Grant to build a decentralized Reddit-like social media protocol on the Polygon network. According to your own perspective and opinion, what are the benefits and advantages that integrating Polygon brings to myMessage? You mentioned that Polygon is your best choice to deploy a decentralized social media protocol. What are the reasons behind that? Do you consider integrating other chains in the near future?
Mark:
All 4 blockchains have pretty much everything what we need in order to achieve our goals. Our decentralized Messaging dApp will go live on Zilliqa this months, and we’ll use the Polygon Developer Grant for the Reddit like thread-reply bulletin board on Polygon. Inetegrations with both Avalanche and BCS are also being worked on
Q3 from Telegram user @cindy0666:
I read that you have known partners and investors like MAGNUS CAPITAL, ZBS CAPITAL, EXNERWORK CAPITAL. Could you tell us about the importance of your collaborations for myMessage?
Mark:
Well, first of all I think it is good for you guys to know we are backed by well known industry names. But next to that, they can bring a lot of value and expertise to our project, so yes – very important to have such partners.
Q4 from Telegram user @Palermo_GC:
Will only users who upload data to myMessage be able to see the data we upload, or can we also share it with other people through links or emails? Do you plan to function as a messaging platform or more like a cloud storage? Is there a maximum of GB we can store or can we store what we pay for, with no limits? What is the process to pay for services on your platform and how can we do it? Do we have to buy a specific token?
Mark:
That’s basically up to you. If you encrypt your message, thread, data (or whatever you put on the blockchain) they won’t
Q5 from Telegram user @leixagarcia:
You promise a high level of security for all our data, but what would happen if myMessage goes down or disappears? Even in that scenario would there be a way to recover our documents? Even if it is “DeFi” we would still depend on you
Mark:
In the event that myMessage ever goes down or disappears, although which we strongly believe it will never happen, our source code is open sourced. User can download the source code from github and still can access the data as usual.
Q6 from Telegram user @DanielMZ21 :
Is myMessage involved in the content that users enter on its platform? I mean … what about pornographic content and violent material? Do they handle a policy or make restrictions on this content or only users completely control their intimate materials such as images and videos?
Mark:
Good question! Beyond the decentralized nature of myMessage which allows all users to post contents and get rewarded by doing so, we will also be exerting basic moral rules to contain illegal contents. We will offer clear user disclaimer and introduce a feature that punishes such behaviours.
Q7 from Telegram user @JaviSuBs:
myMessage launched a $ 10,000 Airdrop celebrating myMessageOSIDO on BSCStation. What are the requirements to participate in this Airdrop, how can we join?
I believe users are asset for MyMessage and other project. How do you expose awareness in order to attract new users both from crypto or non-crypto community? In the other hand, how does MyMessage correspond those users from non-English people? Do you consider on creating different languages at the app?
Mark:
Crypto and blockchain education are key for getting adoption. So we’ll focus on making everything really easy for people to understand. Good UX also plays a very important role in this, along with things like explainer video’s and clear instructions / FAQ
For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it is developement Can you tell us that how your project generate the profit?
Mark:
We created a good runway for this. $2.1M raised so far.
Q10 from Telegram user @Monkey_De_uiy:
What is the reasons behind the name Mymessages and what is the story behind it?
Mark:
The platform is all about messaging. Also, we think blockchain holds a big promise for the world, and myMessage as a platform is about getting that message accross.
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 American Dream and our guest was . The AMA took place on the 7th 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 American Dream! Welcome to Satoshi Club
Gold Rocket | Satoshi Club: Greetings again dear Satoshi Club .
Joe $ADREAM: Hello and thank you for having me!
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club
Mary | Satoshi Club: Hello and welcome to Satoshi Club
Mary | Satoshi Club:
How’s going?
Joe $ADREAM: Just flexing the fingers getting ready to type out my next novel
So basically, living the dream! You?
Mary | Satoshi Club: We are great! Waiting to know more about American Dream
Mary : So, let’s start our party
Gold Rocket | Satoshi Club: Ahah , we need fast fingers
Gold Rocket | Satoshi Club: Let’s start! Introduce yourself please. How did you get to be involved in crypto & American Dream Tell us please about your position in American Dream
Joe $ADREAM: I am long winded and type just as much! I will try and keep it engaging while I paint a story
Joe $ADREAM: So I am Joe, the CEO for ADREAM. I myself have been in crypto for the better part of a decade mainly on CEX while learning the ropes. Started dabbling in DEX and that is when I started noticing the inundation of scam tokens out there mixed with the lack of acceptable research ability and wanted to try and change that to safeguard investors but also the concept of the American Dream as a whole is so much more than that.
The American Dream is actually an immigrants view of the life that they can have regardless of race, color, creed, social or financial status etc… and we want to bring that back to a world wide concept in peoples own backyards. It will become quiet the vast ecosystem with the end goal to be as a community we fund small business startups worldwide with no expectation of return (more on that later)
I will introduce the rest of my team quick as well!
Mary | Satoshi Club: Awesome plans! Who will help you to bring them to life? What can you tell us about your team?
Joe $ADREAM: Arturas is the Tech guy of the four of us. His knowledge and skills have been vital to this project and it is hot the first one he has had his hands in but by far the most successful. He like I hate the scams and the rugs and the memes and wanted to build a revolutionary concept with me.
AJ is my marketing queen, she is relatively new to crypto but we are targeting the same demographics she is used to handling and so its a perfect crossover.
Nick is the king of the dirty work no one wants to do, he handles my social media platforms and is a wizard at getting things up and running smoothly. I am pretty active on TG but every other platform he has more than less single handedly growing and managing to take that burden off my shoulders to focus on things like this AMA!
Gold Rocket | Satoshi Club: Is your team anonymous?
Mary | Satoshi Club: So, four team members?
Joe $ADREAM: Myself and Arturas since we handle the contract are fully Doxxed and Kycd! So not at all! Actually after this chat I’m doing a VC in my group to recap anything missed and you can see my lovely face on our youtube channel if you’d like .
Gold Rocket | Satoshi Club:
Give us a brief introduction to the project. What is the essence of American Dream
Gold Rocket | Satoshi Club: I have already looked and you are handsome.
Joe $ADREAM,: SO to give the readers digest version the whole concept of ADREAM is to break down the financial barriers on a global scale. ADREAM as a token is more of a catalyst that the entire ecosystem will be built upon. We have 4 Primary utilities in the works that will be released in this order. DreamSwap, DreamChart, DreamLaunch, DreamInvest!
Joe $ADREAM: I appreciate the compliment!
Gold Rocket | Satoshi Club: Bringing Blockchain to Small Business. – what does it mean?
Joe $ADREAM: Effectively we plan to utilize blockchain technology to assist tech startups (DreamLaunch) and real world small business (DreamInvest) the opportunity that they otherwise would not have had. Covid crushed the world, even before covid getting a business loan was hard and it was scary. Here in the states I can get a 100k student loan no questions asked but a 10k business loan would require me signing away my soul. Look at every innovator of the 19th and even early 20th century, they grew up struggling and had hard lives. We want to be the group that empowers people to reach their full potential.
Mary | Satoshi Club: Your goals are impressive
Mary | Satoshi Club: Thank you for your fantastic intro! We choose 6 questions from our community for the first part of our AMA , are you ready for them?
Joe $ADREAM:
I think the rich deserve what they have earned, but I think they do not realize they can change the world without ever feeling a change in their lifestyle. So I am gonna have to show them how its done!
Gold Rocket | Satoshi Club: But how do you resolve legal issues, because we all know that American regulators are very strong.
Joe $ADREAM: Fire away! I can also explain our utilities further and quickly if anyone has any additional questions
Mary | Satoshi Club: Q1 from Telegram user @Anne_Tim American Dream is bringing the Dreamswap platform that is intended to be a revolutionary concept in the DEX space integrating the familiar and user-friendly aspects of a CEX in a more freeing and rewarding way that can only be found on a decentralized exchange. We can also see the features attributed to DreamSwap but how exactly do they differ from what is offered by your competitors? To attract users, there should be more advantages like higher staking percentages, rewards programs, enlarged coverage map for credit/debit cards payments. Please provide more numbers to clearly show that we must swap to Dreamswap. Thanks!
Joe $ADREAM: Starting small, right now we are not a blip on the radar and we have utility already to cover our butts. As this project grows so will the legal requirements, but this is also why there are professionals in this field to assist with and ensure we are following the rules every step of the way.
Gold Rocket | Satoshi Club: Thanks for clarifying
Joe $ADREAM: So to start, I will openly admit that DreamSwap is not designed to immediately target current DEX users. What we are aiming for here it to bring in the CEX users who are either confused or lost as to what a DEX can provide for them. I was a strong CEX user for the longest time out of confusion, none of the DEX concepts made sense to me for years and I was at a disadvantage. Gas, Slippage, Farming, Staking… it was all confusing. So to hybridize a CEX feel with essentially tutorials/lessons to educate and bring in a whole new group of investors that have been untouched is the primary goal. Do not get me wrong, many of you will find yourself migrating our way based on the platform as a whole but some of those numbers I cannot fully specify because they will be negotiated with the different projects that enter our platform. When it comes to staking and farming the swap itself does not fully set the rate but we discuss with the projects to make sure what is presented makes sense to the community as a whole
Mary | Satoshi Club: Which blockchain will your swap work on?
Joe $ADREAM: The market is huge right now and we are still missing so many investors in the DEX space and my team is gonna be the ones to bring them into this world. Additionally this is when we will release our secondary token, our Governance token. Very low total supply and you will have to stake ADREAM for the token. Governance token holders will be the ones who have the voting rights on the small business we fund! They will be the ones who get to decide whos lives we change.
Joe $ADREAM: Initially BSC but we are already trying to stay ahead of the curve on cross chain.
Mary | Satoshi Club: What blockchains do you want to add first?
Joe $ADREAM: Right now ETH because it still rules the roost and we are hoping that with the upgrades this still remains a relevant chain. VB was one heck of an innovator but looking at some of the other blockchains that are starting to get traction I can see some of them really paving the way for future innovation.
Mary | Satoshi Club: Thank you for your answers! Ready to go to the next question?
Joe $ADREAM: Yes!
Gold Rocket | Satoshi Club: Thanks for your great answers
Gold Rocket | Satoshi Club: Q2 from Telegram user @iceVermithraxx According to your just concluded Audit by TECH AUDIT on December 3rd, I found out that the ownership was not renounced, which means the contract contains ownership functionality which allows the creator and content owner to modify contract behavior at will. My question is: will project decisions be taken solely by project team or is there a place for community contribution? Why did you choose to design a contract that gives Project Team so much flexibility to alter contract terms at will? how can investors have proof of trust in the team and how do you plan to ensure safety of investor funds? Are there any plans to renounce the contract soon?
Joe $ADREAM: So, Contract renouncement is a meme token gimmick to remove liability of a meme token (Which is normally a commodity and not a utility) from SEC regulations. I could have made a token that was intended to be a store of wealth, renounced ownership, and then just did whatever I wanted. It would however kill any and all ability to grow the utility. If the contract is renounced I cannot set it up for farming, for staking, get CEX listings. Pretty much anything useful to grow this project would have been renounced with the contract.
Project decisions are not exclusive to the team, we are a community. No one person can do it all correctly. If 5 people all say the same thing then you have to think about and consider it. The moment I stop learning, researching, and listening to the community will be the moment this project fails.
Joe $ADREAM: Additionally, this is why we have been doxxed and KYCd.
We are held to a standard much higher than many tokens which can have legal ramifications against us for doing anything illegal
Mary | Satoshi Club: Do you plan more audits? Hackers are not sleeping .
Joe $ADREAM: We intend on having this token, the swap, and the governance token all Certik Audited as we release that swap.
Joe $ADREAM: Additionally we are prepared that if the certik audit finds flaws to upgrade the contract if neccesary.
Mary | Satoshi Club: Cool.
Mary | Satoshi Club: Thank you for your answers! Ready to proceed?
Joe $ADREAM: Yes!
Gold Rocket | Satoshi Club: Q3 from Telegram User @chinyere2020 According to your tokenomics, the total buy and sell tax is 14% per transaction. I think this is a high fee that will be incurred by users per transaction. Why did you decide to take this step? What are the circumstances that you considered before making this decision? Since this might naturally scare users away, are there any form of incentives setup for token buyers/holders in order to encourage users to buy and hold you tokens? Can you give a detailed explanation on how the 14% tax per transaction is distributed in the American Dream ecosystem?
Joe $ADREAM: While 14% may seem high to some it is not really all that crazy or out there. I can think of a small handful of tokens in our wheel house that are not memes with taxes similar to ours.
The breakdown is as follows though.
8% is reflections for holders 3% is liquidity
2% is salary (We are putting our salary into liquidity for the time being) 1% is marketing (marketing also receives reflections)
Mary | Satoshi Club: How often you distribute this 8% to holders?
Joe $ADREAM: End of day the token was designed so that as the natural order of things on the buy and sell transactions happened holders were rewarded each way, liquidity continues to pad price preventing major fluctuations, myself and my team will have the means required to solely focus on this project, and we will have a solid income for business marketing and development.
Joe $ADREAM: Real Time
Mary | Satoshi Club: Oh, that’s nice
Gold Rocket | Satoshi Club: Thanks for your answers
Joe $ADREAM:
Friday when we got listed onto CMC the presale holders woke up to an early christmas
Gold Rocket | Satoshi Club: Let’s proceed to the next question
Gold Rocket | Satoshi Club: It could be a good Christmas present
Joe $ADREAM: We effectively 4x from thursday when I went to bed to fridays peak before holding a solid floor! We never went red this weekend when the market bled either
Joe $ADREAM: I am good for the next question!
Mary | Satoshi Club: Wow!
Gold Rocket | Satoshi Club: Q4 from Telegram User @Azrael_GC I see that you will allocate 8% of your tokens to your rewards program, how does this program work and what do we have to do in order to receive rewards? Is a minimum of $ADREAM necessary to be eligible or is there no minimum amount required? Do you consider it advisable for a beginner in cryptocurrencies to invest in $ADREAM or is it necessary to have experience to invest in your project?
Joe $ADREAM: I answered a little of this on the previous question but I will clarify the details here.
No minimum, but the reflections do increase with the more you hold.
And we are trying to be the token and ecosystem designed for beginners and long term investors alike
Gold Rocket | Satoshi Club: But maybe you can share your tokenomics with us?
Joe $ADREAM: So tokenomics on the tax are 14% total being broken down as 8% rewards to holders (in real time) 3% liquidity, 2% salary (going towards liquidity until we release our swap to ensure we can handle the growth) and 1% Marketing (which also receives reflections)
The initial supply was 100T of which we have burned 40%, 35% is locked in a vesting wallet to ensure we have supply for utility as they are released, we have access to 1% total supply per month for 35 months. If we do not need these tokens, they will not be dumped into the ecosystem but either relocked or burned (max we are burning is 50%). 15% was presale and pancakeswap, 5% dev wallets, 2% airdrop, 2% private sale, 1% marketing
Joe $ADREAM: Typing as fast as I can!
Mary | Satoshi Club: Do you plan more burns?
Mary | Satoshi Club: Sire, take your time
Joe $ADREAM: We do not have any scheduled at this time, but we will burn up to a max of 50% total supply when all is said and done.
Joe $ADREAM: We cannot mint more tokens, so we would rather burn slowly than be in a bind
Mary | Satoshi Club: Oh, more surprises ahead
Mary | Satoshi Club: Thank you for your answers! Ready to jump to the next question?
Joe $ADREAM: Yes!
Gold Rocket | Satoshi Club: Q5 from Telegram User @UniqueVicky From the information on your roadmap,in phase 3 we understand it’s your plan for your first CEX listing on $ADREAM, release of Dreamswap and staking platform, 25,000 token holders,NFT project official release, governance token launched, could you please tell us from the above when your first CEX listing will be out cognizance to the fact there just few weeks left? Can you briefly hint us on your staking platform,to what extent will it operate? What benefits will users who stake on your staking platform receive? Since the platform is yet to be launched,will there be any privilege or special tier for early stakers? What is the minimum APY that your staking platform will offer? And about DreamSwap what difference will it make compare to that swap platforms?
Joe $ADREAM: There are alot of questions in there that the answer sadly is depends. I will hammer this out as quick as I can though.
Also when you say few weeks left, you mean end of year? The plan was to release the token by end of year and we managed to do it with one month to spare. I will check the verbiage on our website but some wires might be crossed.
But here we go
Joe $ADREAM: DreamSwap and Staking is intended to be released in Q1 of next year, might be pushed back to early Q2 but right now we are on track still. The APY for things like this are variable based on the amount of people using it. Primary privilege is this will be the platform and only way to initially have access to the secondary token which will be the governance token for the future of the project.
Joe $ADREAM: As for the CEX listing, I am already working with a Lawyer who is verifying everything to ensure we can start applying for exchanges. Again, we want to draw CEX people into the DEX realm so want these to ideally coincide with each other to be us dangling a carrot to get CEX users to try their hand at our platform
Gold Rocket | Satoshi Club: It makes sense
Joe $ADREAM: Lot of moving parts, really trying to hammer one out at a time!
Mary | Satoshi Club: What marketcap you currently have?
Joe $ADREAM: 1.4 million at the moment
Joe $ADREAM: So still really small, only about a week old now
Mary | Satoshi Club: Very nice! With CEXs you will have even more
Mary | Satoshi Club: But i understand your situation
Joe $ADREAM: Even before then I have a feeling we will as well
Joe $ADREAM: So whats next! Fire Away
Mary | Satoshi Club: Let’s go
Gold Rocket | Satoshi Club: Q6 from Telegram user @victorogb Can you elaborate a little bit more on the proposed governance features of American Dream, though these plans are set to be fully implemented in Phase 3 of your roadmap, but may we know how your governance token’s utilities will be quite different from the other two platform tokens especially ADREAM? Also, since the launch of your governance token will coincide with the release of your DreamSwap and Staking platforms, can you provide an insight on how these feature and programs would function, how would they be structured to meet your goals of promoting global financial wellbeing and empowerment to community members?
Joe $ADREAM: So the governance token will honestly have some very simple tokenomics behind it. It is not designed to be a fancy reflectiona or complex token in any way.
Total supply is in the millions, not billions or trillions. The idea is for that token to have a larger price tag because it comes with a larger role for the investor. If they sell it, I want then to get their worthwhile value but even more importantly I do not want it to be a token where someone can throw $10 at it and have enough power to deny every project because they can. I want people to understand how serious this token is and I do not want to see it having massive movement. Think of it like Berkshire A shares.
Joe $ADREAM: We are releasing it with the swap so that people already believing in and investing in this project can start to earn that token as a reward to staying in the system and build up the core group of decision makers for the final leg of the project
Mary | Satoshi Club: What decisions will your governance cover?
Joe $ADREAM: Essentially
Do you want to be the person who said yes lets give money to scientific discovery that allowed an ectopic pregnancy to go from a non viable fetus to a loved child? Or turn a village in a third world country into a trade destination.
Joe $ADREAM: You get to decide what projects we fund
Mary | Satoshi Club: Gotcha
Mary | Satoshi Club: Thank you for this awesome first part
Mary | Satoshi Club: Ready for the next? Live part of our AMA
Gold Rocket | Satoshi Club: I hope your project will play an important role in the mass adoption
Joe $ADREAM: I am ready!
Mary | Satoshi Club: Let’s go
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Wong2008:
DREAMCHART aim to keep investors a little more safeguarded from rugs and scams, can you explain to us more about this point?
Joe $ADREAM: DreamChart is going to change the way crypto charts are done. Think of it almost like a crypto Bloomberg Terminal. When I think poocoins for the longest time I thought its where joke tokens went to die. I did not realize how serious it was but who talks about “poocoins” in the office or a professional setting? Stocktwits is one of my favorite platforms but its also lacking. So we want to effectively take the two and hybridize them. When it comes to our platform tokens will not be automatically listed. Project developers will have to effectively submit their information (just like cmc and cg) for verification before its listed. To protect buyers who fomo into a chart off emotion for a new token launch. Additionally having the ability to discuss the project on chart will allow investors to self regulate projects and warn others if things start going south before the team is able to discover and remove rugpulls, intentional honeypots, etc etc. Trying to make this space as safe as possible end of day for investors.
Q2 from Telegram user @ronaldo_super:
As I understand right now you aim only running and providing on BSC. Are there any plans on your side to run on another blockchains like polkadot and ethereum?
Joe $ADREAM:
As we grow we plan to utilize cross chain tech and even have my lead Dev working on breaking down what is needed to start our own chain to go with the launchpad.
Q3 from Telegram user @arbestefy :
What do you consider the first most authentic and important characteristics of the project?
Joe $ADREAM:
Giving the chance to allow an investor anywhere in the world to receive personal benefits by changing the world. All you have to do is stay the course and follow the project
Q4 from Telegram user @Nayeemoffecial :
What I found interesting on American Dream’s roadmap is that it consists of the project’s upcoming contests, giveaways and tournaments which all includes attractive monetary rewards. Can you please talk more about the details of your upcoming community events? Are all welcomed and invited to participate? When do you plan to conduct the first event?
Joe $ADREAM:
All are welcome to join! That is why the rewards are in BNB and not our token (incase they dump their reward)
But we want to tap into and see the creativity of our community through these events.
Q5 from Telegram user @arbestefy:
What is the primary work of the project? What is the most important thing and how much importance do you give to the suggestions and opinions of your community?
Joe $ADREAM :
The primary work is giving innovators a chance to change the world, and like I said, the moment I stop listening to suggestions and researching will be the day this fails. So I value community opinions.
Q6 from Telegram user @alicandogan9:
I saw that you have a KYC requirement for me to become a member of Adream, why did you set the KYC requirement? Do you think the KYC requirement will be enough for Adream to be a safer place?
Joe $ADREAM :
You do not have to be KYC to become an investor? But we are KYC to give you the confidence that if we did something illegal, I do not mean project hiccups but illegal, you could pursue legal action if needed.
Q7 from Telegram user @Mehwi111 :
Many Projects speak about the “Long Terms Vision and Mission” but what are Dream platform’s short terms objectives ? What are you focusing right now?
Joe $ADREAM :
What we released yesterday. We partnered with Coinflect to give immediate utility for our token
Q8 from Telegram user @Chrisboy5 :
Have you ever thought of abandoning this project during challenging times? And how were you able to overcome difficulties as you built American dream?
Joe $ADREAM :
Heck no! Ask anyone in our community about the last two weeks and they will tell you first hand how we have thought on our feet and changed plans on the fly to adapt to the struggles and challenges
Q9 from Telegram user @atillayeni?
Do you have any plans to make charities for the children or animals etc?
Joe $ADREAM :
Immediate plans, no, but part of the long term vision would impact groups like this in a positive light.
Q10 from Telegram user @boradam :
What is the main reason for you to dump Ethereum erc-20 blockchain and build the project with the Binance Smart Chain BEP-20?
Joe $ADREAM :
Price and efficiency. When it costs you $140 to buy $10 in tokens and the gas still runs out you are going to lose investor confidence before you even start. Building this on Bep-20 allowed us to use the momentum of a growing chain to benefit the long term growth of the project
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:
