Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. American Dream Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about American Dream
For more details:
American Dream Website – americandreamtoken.com
American Dream Telegram – @americandreamtoken
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Maverick Protocol and our guest was @aintheair. The AMA took place on 2 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 community
Gold
Rocket | Satoshi Club: We are with you again, our dear
Satoshi Clubbers! We are pleased to announce AMA with Maverick.
Gold
Rocket | Satoshi Club: Hello and welcome to Satoshi Club,
@aintheair 🐵
Jonah
🏅🎹 | Satoshi Club: We are Glad to have
you here….
aintheair:
Thank you
Gold
Rocket | Satoshi Club: Btw you have really amazing ava 🐵😍
How are you doing today😊
Jonah
🏅🎹 | Satoshi Club: Oh yeah that’s true..
aintheair:
Feeling pumped to chat with you guys!
Gold
Rocket | Satoshi Club: Let’s start! Introduce yourself
please. How did you get to be involved in crypto & Maverick
Tell us please about
your position in Maverick
aintheair:
I’m a veteran product lead who’s been in crypto since 2018. Launched many core
crypto products such as swap, crypto lending, interest bearing, crypto debit
card, Bitcoin on-ramping / off-ramping and single sided AMM.
I’m the community lead
of Maverick Protocol.
The Maverick
development team brings together creative experts in the cryptocurrency space.
Between them, they have built many original infrastructures for cryptocurrency:
Swap aggregator, Ethereum layer2, PoS public blockchain, DEX, decentralized
storage networks, crypto lending, a crypto debit card, and quantitative digital
asset investment. Members and advisors of the team have worked at leading
companies such as MetaMask, TRON, BitTorrent, Abra, TrueFi, Paxful, and Georgia
Tech University.
Gold
Rocket | Satoshi Club: this is a great background👍👍👍
Give us a brief
introduction to the project. What is the essence of Maverick
Tell us about the
benefits of Maverick. How is it different from others?
aintheair:
Maverick is a free listing derivatives protocol that allows users to deploy a
perpetual market for any asset using any erc20 token as collateral. Put simply,
a “Uniswap for derivatives.”
Maverick establishes
rules that allow anyone to launch a perpetual market on any blockchain-tracked
asset pair, with up to 10x buying power for traders and without many of the
risks or costs associated with centralized intermediaries.
Why Maverick is
different?
– Greater Trading
Volume in Permissionless Listing Pools
Maverick grants anyone
an ability to deploy a perpetual market for any asset with a price feed. Users
can list any on- or off-chain assets, and markets form around LPs and traders.
Current exchanges restrict the types of tokens that can be used as collateral.
Maverick is unique in permitting the use of any ERC20 token to back a trader’s
position. This flexibility can unlock over 1 trillion in volume to flow into
the derivatives market and enable new use cases for existing token ecosystems.
aintheair:
– Lower Slippage, More Staking Income through Automated Liquidity Placement
(ALP) virtual Automated Market Maker (vAMM)
A goal of any exchange
is to have the most efficient price discovery. Many derivative solutions use a
central limit order book or a constant product Automated Market Maker (AMM) to
enable users to trade. While these models are functional, they require high
volume to be efficient. Maverick introduces a new Gaussian Automated Liquidity
Placement (ALP) virtual Automated Market Maker (vAMM) that uses oracles to
place the liquidity around the market price of an asset. Since Maverick
constantly shifts an LP’s liquidity, there is low slippage for traders and more
lucrative fees for LPs—all without creating extra work for LPs.
Gold
Rocket | Satoshi Club: You decided to capture an
interesting segment of the crypto market. 😊
aintheair:
– Better Pricing thanks to Oracles
To find the best mark
price, Maverick utilizes both internal and external oracles. In shallow markets
or markets with less activity, external oracles are useful in keeping pools
aligned with the spot index price. As they generate more volume, each pool may
become self-sufficient and rely more on internal oracles. To this end, Maverick
assigns weights to the external and internal oracle based on volume: the higher
the trading volume, the higher the weight for the internal oracle. As part of
the ALP vAMM, these weighted oracles encourage high liquidity, low slippage,
and increased transaction fees.
– Stronger Security
from Isolated Insurance Funds
To mitigate risk
associated with volatile assets that may be deployed on Maverick, each pool
will have an isolated insurance fund to prevent a bankrupt pool from depleting
the funds of another. This effectively isolates asset risk from becoming
platform risk, making trading via Maverick safer for all users.
Jonah
🏅🎹 | Satoshi Club: Wao that’s very
detailed
aintheair:
Yes, the permissionless derivatives market is huge, projected to be several
times larger than the current permissionless spot trading market, for example,
uniswap.
Gold
Rocket | Satoshi Club: Great explainaition👏👏👏
Also we would like to
know more about your team. Who is on the project team core?
aintheair:
Will disclose more
information on the team in the near future, however, this is a list of their
backgrounds.
Jonah
🏅🎹 | Satoshi Club: 🔥🔥
Gold
Rocket | Satoshi Club: Amazing list of companies. we will
look forward to the information.
aintheair:
Proud to work with the team of Maverick.
Gold
Rocket | Satoshi Club: Thanks for great introduction, we
will have several questions selected for the Part 1. Ready to start?
aintheair:
Let’s do this.
Q1 From Telegram user
@Billz120
MAVERICK
– On your Staking Model, I understand stakers earn incentives to ensure assets
are available on Marvrick and stakers guarantee that assets on Marvrick
maintain the same values as the original assets being tracked. My question in
view of the above is, how is the incentives being earned by stakers determined?
Is it on pro rata basis or what? How do stakers guarantee that assets on
Marvrick maintain the same values as the original assets being tracked?
aintheair:
Great question – just like any perpetual future market out there, the mark
price is different than index price. Althought we use oracles like Chainlink,
Band, and Uniswap, the asset prices could always derive from the index price.
In this case, the trader is subject to funding rate payment every hour, which
is universal to all perp markets.
For staker, incomes are
from:
– Trading fees (it’s
sizable since now trader can trade on up to 10x leverage, hence the trading fee
is up to 10x)
– Funding rate payment
from traders
– Protocol incentives
in MAV token
And it is pro rata
based aka it depends on your % of the pool.
Jonah
🏅🎹 | Satoshi Club: Can you explain more
on how you distribute the funding rate payment to stakers?
And BTW what is this
funding rate payment that traders pay?
aintheair:
It is (mark price – index price)/24
it’s due by every hour
Gold
Rocket | Satoshi Club: Thanks for your great answers
Do you want to add
something? Or can we proceed to the next question?
aintheair:
Let’s proceed to the next one.
Q2 From Telegram User
@Jmagsss
To
optimize problem with volume trades, Maverick Protocol will be deploying its
new feature called “Gaussian Automated Liquidity Placement” or ALP. Can you
please explain to us thoroughly how does this features works behind the scenes?
How is this feature unique and different from other volume optimizer features?
Also, how is this feature related to your use of oracles and the amount of
possible slippage on each trades?
aintheair:
To answer this question, we need to know the pain points of current solutions
such as uniswap V2 and V3:
Uniswap V2:
– High slippage to
traders
– High impermenent loss
to stakers
– Great opportunity to
arbitrageurs (either humans or bots), not fair or attractive to liquidity
providers (LPs)–the individuals who have staked tokens into the pool to
facilitate trading. As passive stakeholders in the pool, they find themselves
implicitly agreeing to trade with arbitrageurs at prices higher than the market
price, losing the opportunity to profit themselves.
Gold
Rocket | Satoshi Club: these problems really exist today
aintheair:
Uniswap V3:
Uniswap V3 set out to
solve the slippage problem by introducing concentrated liquidity. While this is
definitely good news for traders, Uniswap V3 also created more work for LPs,
who need to reallocate their liquidity constantly so as to track the current swap
price. If not, they risk losing out on fees while still incurring impermanent
loss. In a sense, V3 created a meta zero-sum game for the LPs that they have to
play well in order to earn fees. Ideally this game creates thicker and more
functional markets, but it does so by pitting LPs against each other in a race
to concentrate their liquidity more efficiently than each other.
Some of the popular
pairs, such as MKR / USD or Compound / USD, shallow liquidity around the market
price means traders have to accept the potential for massive slippage in their
swap price or forgo the opportunity to trade on this pair altogether. The
misallocated liquidity disincentivizes trading, and therefore limits yield
farming opportunities for LPs.
The Maverick Gaussian
ALP mechanism solves all of these problems. With Automated Liquidity Placement,
there is no need to have LPs play a game against each other, saving them the
trouble of a useless competition for fees. Instead, as a result of our design
traders benefit from less slippage and LPs benefit from less impermanent loss
and less active liquidity management overhead.
Maverick reimagines
liquidity concentration by building in rebalancing to every pool from the
beginning, eliminating the requirement that LPs constantly reallocate their own
liquidity. Maverick does this through a combination of two mechanisms:
– An on-chain oracle
that tracks the market price of assets
– A liquidity
distribution curve that continuously shifts with the oracle price
Maverick makes use of
weighted oracles to determine the price of assets on the protocol. An oracle is
essentially a stream of data that is constantly fed into Maverick’s virtual
AMM. The Maverick AMM uses a combination of external oracles that track the
price of assets on external markets, and internal oracles that follow the price
in the Maverick pool. These oracles are assigned a weight based on the current
liquidity in a given pool: in pools with lower liquidity, the external oracle
is given more weight, so as to keep the pool close to the market price and
limit impermanent loss for LPs; in pools with higher liquidity, the internal
oracle is given more weight so as to keep trading volume high.
The Maverick ALP
mechanism constantly shifts liquidity in each pool to follow the price set by
the oracles. In addition to limiting impermanent loss, this ensures that there
will always be a broad base of support around the oracle price, meaning lower
slippage for traders. If we think back to our Uniswap V3 graph, this is
equivalent to the AMM automatically moving the constant slope portion of the
price curve so that it tracks the oracle price. This benefits both LPs and
traders, since the constant slope represents a zone of low-to-zero slippage.
A brief conclusion:
With these built-in liquidity-adjusting dynamics, Maverick offers traders and
LPs better performance in terms of both slippage and impermanent loss. The
Gaussian ALP in Maverick’s virtual AMM smartly reallocates liquidity to ensure
better price support without the need for direct management by LPs. This
effectively eliminates the role of arbitrage on Maverick, in favor of automatic
pool management that more directly benefits LPs.
Gold
Rocket | Satoshi Club: Wow! This answer looks more like a
doctoral dissertation😁
Great detailed answer 👍
Thanks for that.
aintheair:
Thank you. With a more in detail white paper coming out regarding our ALP
model. Please stay in tuned.
Gold
Rocket | Satoshi Club: by the way, you are such an
ambitious project. share your roadmap with us please
– Q4,2021: Maverick DAO
launch, Token Generation Event
– Q1, 2022:
Solana integration
Cross margin feature –
between pairs with similar quote token
Partnership with token
projects
Everlasting Options –
ability to enter into positions at different strikes
– Q2, 2022: Decentralization Efforts –
transition the development of mav to the community
Q3 From Telegram Users
@iceVermithraxx
According
to Your medium, You mentioned that Risky assets can be deployed on Maverick,
hence Maverick introduced the “Isolated Insurance Fund” to prevent assets risk
from becoming Platform Risk. Understanding what risky assets mean, Can you
explain on your Isolated Insurance Fund, how does Isolated insurance Fund works
to reduce risk for investors and traders? What are other security protocols put
in place to ensure safety of investors and traders funds?
aintheair:
In the event such as the staked asset in the pool is not enough to cover the
winning side of the trader (i.e. someone with a massive gain + 10x leverage),
the insurance fund of the pool will kick in to act as a backstop liquidity
provider, and provide fund for the winner trader.
If the insurance fund
is not even enough for some of the highly volatile asset:
In the event the
utilization rate of the staked pool hits the deleverage utilization(125%), a
liquidator is able to trigger a deleveraging mechanism which closes out 20% of
the positions to get the pool back to max utilization(100%). They are awarded
MAV and a portion of the deleveraged position paid for by liquidity providers.
Insurance funds are
being generated by part of the trading fees + part of the historical margins of
trader liquidations.
Jonah
🏅🎹 | Satoshi Club: Is there a fixed
percentage of these fees that goes to the insurance fund?
aintheair:
To be annouced very soon:)
Gold
Rocket | Satoshi Club: It’s really important that you take
care of your clients. but tell me please, did you take care of the audit? how
safe is it to work with Maverick
aintheair:
– We have ongoing security audit with
blue chip security auditing firms, the goal is to have 2-3 audit reports before
the launch of the main net
– Since we use TWAP
(Time-weighted average price), flash loan attacks don’t apply to Maverick,
because it has to be at least 2 blocks to manipulate the price.
– Our team comes from a
cybersecurity background, including battle tested smart contract engineers with
high code coverage
Jonah
🏅🎹 | Satoshi Club: Great Job..
Q4 from Telegram User
@ProwGrowl
As
Maverick project is making its first steps as fully decetralized crosschained
trading platform and the impossibility to access your white paper or see
Maverick app live, could you share at least some picks on future application
mentioning any specific features that could attract more users? Are you also
planning to make the app available on mobile devices (IOS and Android)? Do you
plan to add any trading basis video courses for beginners?
aintheair: Maverick’s plan is web app only at the moment, will explore more on the mobile app in the near future. Our lite paper: https://medium.com/maverick-protocol/about
– Our app is fully
decentralized and hosted by IPFS, hence we won’t be influenced by centralized
services such as amazon AWS.
– Unlike other
perpectual futures trading platfrom, we aim to lower the entry barrier for
users who’ve never used DeFi or derivatives. We are not overwhelming users with
a bunch of information, instead, only show essential information.
Gold
Rocket | Satoshi Club: Do you plan to add any trading
basis video courses for beginners? (с)
Jonah
🏅🎹 | Satoshi Club: Great this will be
helpful for Traders wanting to use your platform
Gold
Rocket | Satoshi Club: @aintheair which feature of this
app are you personally most proud of?
Aintheair:
If
we go geeky, it would be deploying a new pool on Maverick: The gas cost of
deploying a new pool is constantly being optimized and it costs only around $70
on ethereum and cents on Polygon. This is fundamental for users / projects to
constantly deploy pools.
Q5 from Telegram User
@Pavel_Jarosh
Once
Maverick is announcing that users can unlock access to new asset classes or
have access to new forms of trading by trading anything does it mean that you
plan to complete Maverick’s development by making it fully crosschained? If
yes, please reveal potentional or already agreed chains to join Maverick. How
will it be reflected in internal fees on trading? Can the users see them lower
compared to similar projects?
aintheair:
Cross chain is an interesting topic which we can talk about for hours. However,
essentially, we are still exploring truly trustable cross chain solutions
without diluting much of our potential liquidities. So the short anser is we
will launch first then introduct new chain supports. We have 3 chain
partnerships at the moment.
“Users can unlock access to new asset classes
or have access to new forms of trading by trading anything” this means users
can use any erc20 token with price feed as collatoral to trade popular asset
classes like cryptocurrencies / commedities / etc with up to 10x buying power.
Gold
Rocket | Satoshi Club: Can you tell us these 3 partnerships
now?
Jonah
🏅🎹 | Satoshi Club: Satoshiclubers these
are very important links
Q6 from Telegram User
@Orlemys
According
to your tokenomics breakdown, you will allocate 20% to the Maverick Team, and
20% to strategic early supporters and adopters. This adds up to 40%, which is
almost half of the total allocation (remembering that the total supply is 500M)
it is truly a huge percentage, and more so when the recipient is so vague. How
do we know it isn’t going to the same people? Will you be transparent about the
identity of said early supporters and adopters? How will you prove yourself to
be trustworthy?
aintheair:
Yes, we will be fully transparent about who’s investing and public sale
information. More to come.
Jonah
🏅🎹 | Satoshi Club: Can you at this point
share your Tokenomics with us?
aintheair:
Here
Jonah
🏅🎹 | Satoshi Club: Thank you for
sharing.. and for your Great answers as well
Part
2 — live questions from the Telegram community
Q1. from telegram
username @Orlemys
I
read that you will have a Token Generation Event, when will it happen? Can we
still be a part of it?
aintheair:
Timeline is to be decided, somewhere end of this year or early 2022.
Q2. from telegram
username @Asela1112
Currently,
Traders can trade with 10× leverage on Maverick Testnet. What are the other
opportunities that you offer for traders those who trades on testnet?
aintheair:
We will release a trading competition on testnet soon, stay in tuned:
What
will be the highest APY that Maverick will offer on Staking?
@aintheair
aintheair:
This is solely depending on the token price / pool ultilization, but with MAV’s
protocol incentive, we believe the incentive is going to be quite attactive.
Q4. from telegram
username @Gemshunter22
Do
you have any YouTube channel for tutorial or guide regarding your platforms?
How can I trade and how to stale??
Do
community have the right to list & de-list an asset on or from the Maverick
Platform? Is it not dangerous thing?
aintheair:
Yes, and this will be through our DAO
Q6. from telegram
username @SHELBYWINAMA
Maybe
all users know that one of the keys to the progress of a project is the
existence of a community that always works hard, so does the MAVERICK project
have a community that always works hard to support the progress of the MAVERICK
project? And how does the community work on the MAVERICK project? and what are
the benefits that MAVERICK gives to the community?
aintheair:
You are absolutely right. A healthy, active and engaged community is always our
backbone.
We are growing our
community worldwide now. If you are interested to become a Maverick ambassador:
https://t.co/UvClTds31H
Meanwhile, join us on
telegram and the socials here:
Are
there any governance system in your project? If yes how can we participate and
what are the tokens allocated?
aintheair:
Our DAO is going to be released very soon, please stay in tuned.
Q8. from telegram
username @KevSalom
❇️
I read that Maverick will use ERC20 tokens to back a trader’s margin position,
but at some point will they integrate with new chains to use other assets as
margin?
aintheair:
Definitely, we do plan to integrate with other major chains at the moment, more
information to come regarding our chain support
Q9. from telegram
username @Pavel_Jarosh
Are
you planning to create investing pools with different allocation periods and
amounts for staking? Will Maverick staking model also support multiple crypto
coins? Being a new project in crypto, will it be possible to stake for lower
periods to guarantee toekn price fluctuations both you as intermediare and for
users to be able to see staked funds back?
aintheair:
MAV rewards allocations will be different in trusted pools / popular assets
pools VS. other pools. The exactly allocation will be decided by DAO in the
future.
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:
⚠️Requirements: 👉 Join Satoshi Club Telegram group 👉 Join iME Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. iME Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about iME
For more details:
iME Website – imem.app
iME Telegram – @iMeLime
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Kaizen and our guest was @Evgen_AI – representative of Kaizen. The AMA took place on the 30th of November.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Gold Rocket | Satoshi Club:
Greetings dear Satoshi Club ❤️
Paul Mont | Satoshi Club:
Today we are excited to announce our AMA session with Kaizen Finance!
Today’s guest is @Evgen_AI! Welcome! Great to have you here! 🥳
Evgen:
Hey guys!
Glad to be here.
Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, @Evgen_AI❤️
Nice to e-meet you 😊
Paul Mont | Satoshi Club:
The pleasure is all ours 😉
Gold Rocket | Satoshi Club:
How are you doing?😊
Evgen: All good, we have a tight schedule this week. Several IDOs were planned, as well as Community Sale. And we’re 100% ready to rock🤘
Gold Rocket | Satoshi Club: Wow! A lot of work🔥🔥🔥
Paul Mont | Satoshi Club: And we’re super excited to know more about all that you have in store for us!🚀😁
Gold Rocket | Satoshi Club: Let’s start! Introduce yourself, please. How did you get to be involved in crypto & Kaizen Tell us please about your position in Kaizen
Evgen:
My name is Evgen: I’m a Co-Founder
and CEO of Kaizen.Finance and we’re going to revolutionize the concept of token
launches in the whole industry
Gold Rocket | Satoshi Club: Give us a brief introduction to the project. What is the essence of Kaizen.Finance?
Evgen: Kaizen is a Token Lifecycle Management Platform allowing projects to automate all necessary work-related to token launch:
token creation
vesting schedule automation
audits
staking
token sales
token protection at launch and much more WITH NO CODE needed
It’s really simple and allows to create own project with minimal efforts.
Gold Rocket | Satoshi Club:
Sounds great 👍
Paul Mont | Satoshi Club: Token lifecycle – that implies anything pre, during, and post a project’s token launch, right? 🙂
Evgen: We let projects concentrate on marketing and product, taking all technical work and ensuring the amazing launch
Yes, everything related to tokens and their launch is included.
Paul Mont | Satoshi Club: Gotta agree with @GoldRocket27 – sounds amazing! 🤩👏👏
Evgen: We have a lot of know-how already implemented.
But we still trying to remain flexible for projects’ requests.
Gold Rocket | Satoshi Club: Also, we would like to know more about your team. Who is on the project team core?
Gold Rocket | Satoshi Club: Flexibility is a really important quality in business.
Evgen: Oh, that’s an amazing guy we’re working together for more than 10 years
Gold Rocket | Satoshi Club: This must be a dream team.
Evgen: Professionals in software development, cybersecurity, design, marketing, and pr are onboard, guys, so no worries😉
We have an already working product.
Gold Rocket | Satoshi Club: Is your team anonymous?
Evgen: Not really, we’re open for the investors, exchanges, and all the necessary routines. We’re just trying to keep our privacy, but not anonymity👌
The main reason behind our privacy policy is really simple — we intend for Kaizen Finance to operate as DAO. We feel that not linking human face to the organization would allow everyone to focus more on what Kaizen is as a system and what ideas it represents.
At this point we believe
that our results speak for themselves: we already had 3 successful launches.
All 3 were great innovative products that provide huge value to the community.
It is safe to say that everything we are offering to the market has already
been tested in the field: TGE automation, managing vesting schedules,
protection against bots and snipers, staking, and everything else in-between!
Gold Rocket | Satoshi Club:
Where is your office located?😁
Evgen:
Come on, it’s time for a global team of professionals!
We’re all around the world 🙂
Gold Rocket | Satoshi Club:
Great😁 just based on your name, I decided that you are my countryman 😉
So…
Gold Rocket | Satoshi Club: Thanks for a great introduction, we will have several questions selected for Part 1. Ready to start?
Evgen: Haha, maybe 🙂
For sure!
Paul Mont | Satoshi Club:
Let’s go then 🚀
Q1 from Telegram User @ProwGrowl
The unique benefit of Kaizen, however, is its innovative feature enabling collateralized tokens to be sold, swapped, staked, or otherwise hypothecated. As far as I understand collateralized tokens are only used within their own ecosystem and might be a meaning reflecting the price of the trading token. Does it mean that they can be sold or swapped only internally? Please also explain how exactly it works for the hypothecated purposes. Do you the accumulation of a certain value by a closed period of time? What advantages does it provide to users?
Evgen:
Good question, I see @ProwGrowl read a lot about our project and really
appreciate it!
Usage of collateralized tokens provides a lot of benefits for all.
It provides transparency for investors, making them 100% sure to receive the tokens from the projects and making them able to trade the locked value of the tokens at our kDEX.
Collateralized tokens allow users to invest in the projects in the same conditions as top VCs do.
It also makes the community see how the project tokens are distributed making the tokenomics really clear.
And of course, it’s really convenient for the projects, solving the vesting schedule issue and making all related routines automated.
Gold Rocket | Satoshi Club: It is really quite a complex system and for this, it must work like a Swiss watch. please share your tokenomics with us.
Evgen: So yeah, it’s a really good solution, you can trade/swap it everywhere and use it in all the possible ways as usual tokens.
But make sure you know the whole utility value we provided to these tokens before you unlock it 😀
Oh, we’re gonna be the first project with fully transparent tokenomics, tracked in any blockchain.
Our token address is the same for ETH, BSC, and Polygon.
And all the rounds of our tokenomics would be reflected in collateralized tokens!
Gold Rocket | Satoshi Club: Convenient feature👍
Evgen:
So anyone would be able to track all the project tokenomics and see how users
operate with it 🙂
Paul Mont | Satoshi Club: Is the tokenomics paper for the $KZEN token not available for the public yet?
Evgen: I’m sure it’s much more cool and usable than some pdf or smth, absolutely untrackable and impossible to check.
We shared everything in our chat.
Users wanted to know more 🙂
Here is it: . Initial MC $70,000 . Fully Diluted MC $40,000,000 . Team locked for 48 months . Hard Cap: $9,800,000 . Current TVL: $120,000,000
Token $KZEN Total Token Supply 1,000,000,000 Tokens for Public Sale 1.75% Initial Circulating Supply 1,750,000 KZEN or $70,000 Initial Circulating Supply 0.18% Initial Market Cap (USD) $70,000 Current TVL $120,000,000
Community Pre-Sale price
$0.035
IDO price $0.04
Public Sale Token Price 0.0400
Lockups:
Team 48 months
VCs up to 36 months
Pre-Sale 0% unlock at
TGE, monthly unlock for 12 months
Public 10% unlock at TGE, monthly unlock for 12 months
Paul Mont | Satoshi Club:
Nice, thank you for sharing 🙂
Gold Rocket | Satoshi Club:
Thanks for sharing😊
Let’s proceed to the next question🚀
If you don’t mind of course 🙂
Q2 from Telegram User @Pavel_Jarosh
Kaizen is also working on bringing solutions to industry problems. The Kaizen Finance platform, protocol, and its unique features address a wide range of known industry issues for the benefit of both token issuers and investors and the market itself: providing token price management mechanisms, unlocking locked liquidity, building trust in presales, or enabling tokenomics transparency. Are you ready to share your innovations if they prove the features declared being 100% effective? Has their efficiency or code correctness been approved by any external party? Thank you!
Evgen:
Of course!
Let’s start with the fact our entire code has been audited by well-respected 3rd parties. For instance, we have received certification from CertIK which you can see on our website.
So all the services are well-audited, proven, and secure.
Paul Mont | Satoshi Club: So great and relieving to read that you’ve aptly anticipated the issue and have already taken care of that 🚀
Evgen: BTW trust and transparency are our core features.
So of course we’re ready 🙂
We use our Kaizen Protocol features described in the whitepaper and own several patents.
Gold Rocket | Satoshi Club: Thanks a lot for the answers. tell us a little about what you have planned in the roadmap for the near future.
Evgen:
Would be happy to share much more when we have the whole suite of our services
patented!
Here’s our roadmap:
Basically, for the past 6 months, we have been steadily ahead of the schedule.
And our developers show really good traction
We plan to add more networks to our list of supported blockchains (Tron, Avalanche, and Polkadot are next on the list)
Paul Mont | Satoshi Club:
Thank you for sharing it @Evgen_AI !
We will get into some of the roadmap details shortly, as we have had a very specific question about some of Kaizen’s upcoming milestones! 😉
Evgen: And of course, we’re really focused on our kDEX release where both VCs and retail investors will be able to trade the future value of their locked tokens!
Paul Mont | Satoshi Club:
Brilliant, thank you for the comprehensive answer 😁
Are you ready to proceed with the next question or would you like to add something else?
Back to the future then! 🚀😁
Q3 from Telegram User @kimterbear
Recently, Kaizen Finance announced that there is no minimum amount required to stake, but of course, the more the staked tokens, the better the earning will be. Does Kaizen set a maximum amount of tokens to be staked? Are we only allowed to stake xKZEN tokens? What is the highest APR we can reach in staking tokens? What are the distinct features that your staking platform has compared to other staking platforms that offer the same services?
Evgen: Wow, a lot of great questions in this one-stop-shop.
Let me answer it 1 by 1
Paul Mont | Satoshi Club:
Please, take your time 😉
Gold Rocket | Satoshi Club:
Feel free😁
Evgen: Does Kaizen set a maximum amount of tokens to be staked? No, we’re open to it and incentivize our users for supporting the project as hard as possible 🙂
Are we only allowed to stake xKZEN tokens? Right now nobody has KZEN tokens, so yeah, only xKZEN token staking are open. But of course, we have staking options for KZEN token too!
Gold Rocket | Satoshi Club: Let me reveal some little secret – I see xKZEN tokens of our early investors much more valuable than KZEN And here’s why😉
Paul Mont | Satoshi Club:
@LuisMe7 thanks bud 😉
Luis Merino 🇪🇸 | Satoshi Club, 🙂👍
Evgen:
Holders of $xKZEN tokens get exclusive access to unique opportunities that will
make even such a small investment worthwhile:
✅Holders and stakers of $xKZEN will be incentivized with allocations in
partner-projects launching using the Kaizen platform and get a chance to buy
their tokens before they hit the market.
✅You will be able to stake $xKZEN to earn additional rewards in tokens of
projects that launch using Kaizen tools.
✅In addition to token rewards from partner projects you will receive APR in
$xKZEN tokens.
Paul Mont | Satoshi Club:
@Evgen_AI allow me to open a small parenthesis here: xKZEN are the tokens that
IDO participants receive for locking KZEN tokens in the protocol, is that
correct?
Evgen:
What is the highest APR we can reach in staking tokens?
APR is the least valuable thing you can get staking our tokens. Our core focus
– provide the best utility value for our supporters, so we prepared a lot of
cool benefits for our stakers😉
Yep, you’re right about the Solana realization. On Ethereum, BSC, and Polygon our IDO participants would immediately get xKZEN and be able to take part in the whole Kaizen Ecosystem!
Paul Mont | Satoshi Club: Thank you for clarifying! Beautiful… and value-packed design! 🔥🔥🔥
Gold Rocket | Satoshi Club: Smart solution👏👏👏
Evgen: What are the distinct features that your staking platform has compared to other staking platforms that offer the same services? Ooh, a lot of! We already described it pretty well in our Medium and I shared a piece of it here. You can believe me, stakers of xKZEN/KZEN would have huge benefits!
We have a wide ecosystem, so we’re one of the projects able to reward our community properly
Not just with some APR 🙂
Paul Mont | Satoshi Club:
It seems to me that you’ve addressed all of the topics raised by @kimterbear’s
question 🥳 Thank you! 👏
Evgen: Those were smart questions!
Paul Mont | Satoshi Club:
Followed by in-depth answers – I’m pretty sure @kimterbear will be very
satisfied, thanks again! 😉
Let’s hop onto the next question, shall we?
Gold Rocket | Satoshi Club: You were great😁
Paul Mont | Satoshi Club:
Hahaha 😂 Love the GIFs segues and reactions 😁
Here we go!
Q4 from Telegram user @Highpee
You said that your No-Code token creator can allow anyone to create tokens, launch token sales, distribute to investors, and get audited without a single knowledge of programming or codes. Can you explain the requirements to create a token using your token generator/engine and what it will cost for these tokens to be created on each of the multiple blockchains you support? What are the procedures or guides to follow? How are newly created tokens validated for genuineness before your platform is used to distribute them to unsuspecting investors?
Evgen: Important question!
Right now all the projects should pass simple due diligence to be launched by Kaizen, but in the future, we may open it for a wide audience.
All the features have a price, so project creator can just mark everything he needs, make a payment and continue to the automated smart contract deployment
We create all tokens/staking options/token sales by the several audited templates, so users are always safe as well as operations with the tokens.
Paul Mont | Satoshi Club: Very straightforward 😁
Evgen:
Hope it’s more transparent now 🙂
Paul Mont | Satoshi Club:
It is, thank you very much 😉
And the next question ties in perfectly with this one, in my humble opinion, as it gets into the topic of HyperID KYC process
Gold Rocket | Satoshi Club:
Many thanks for your clear answer 😉
Q5 From Telegram user @iceVermithraxx
You mentioned that For users to be able to use full features of Kaizen Platform, they must pass kaizen HyperID KYC and you mentioned that this process doesn’t just require any Valid ID as Kaizen is building a platform that is safe from impostors and people who are legally banned from taking part in crypto space. What are the requirements for a user to pass kaizen HyperID KYC? How long does the Kaizen HyperID KYC processing take? And lastly, do you consider a partnership with other Platforms to help easily identify impostors and people who are banned from crypto Space?
Evgen: Basically, HyperID is our subcontractor, taking care of user authentication and KYC. So, please name it HyperID, not Kaizen HyperID😅
KYC is a very important part of every project, so with HyperID we make sure we’re operating by law
Gold Rocket | Satoshi Club: This is an essential note.
Paul Mont | Satoshi Club: My bad, corrected! 😉
Gold Rocket | Satoshi Club: Thanks for helping me figure it out.
Evgen: All the requirements for KYC process are straight as the industry standards and usually, it takes up to 30-40 mins to pass the HyperID KYC.
Gold Rocket | Satoshi Club: Strongly agree with you about the importance of legal grounds.
Evgen: Right now more than 15k users already passed the whole process to take part in our IDOs and Community Sale and we’re really proud to have so engaged a community.
HyperID is one of the most strict and demanding KYC providers, so we’re 100% confident in our users and sales participants.
Gold Rocket | Satoshi Club:
Great number👌 thanks for sharing this information.
So if you don’t mind we can proceed to the last question of this part
Oops😁
Evgen: Sure!
Paul Mont | Satoshi Club: This is the last question for this very first part of the AMA, then we’re heading into the LIVE part of the session 😁
Q6 from Telegram User @victorogb
It is understood that Kaizen Finance will look to roll out its kDEX beta, have a kDEX Public release, and enable Tron support, all within this current quarter and the start of Q1 2022. Bearing in mind that these products are essential to the full integration of your services, may we know the stages with your kDEX development, what are some of the results and contingencies you hope to address with your kDEX beta? Also, can you give us an idea of expected kDEX features when it actually goes public, what notable operations can we conveniently carry out? Finally even as kDEX Finance continues its expansion across different chains, would you also provide seamless cross-chain support for all user activities?
Evgen: Amazing!
kDEX is already live in beta and investors of all the projects launched by Kaizen use it right now! We assume the volume of all the locked tokens as hundreds of billions of dollars, so it seems to be a pretty big deal🙂
You can see kDEX as a decentralized exchange to trade collateralized (locked, vested) tokens.
And of course, it’s cross-chain, same as the whole Kaizen concept!
So seamless cross-chain support for all user activities is coming very soon🚀
Gold Rocket | Satoshi Club: Yes, it is an amazing concept to put together all the solutions for a project. it makes their life very much easier.
Paul Mont | Satoshi Club: It truly sounds great 👍
And by the way, I personally love the choice of Kaizen -literally “continuous improvement” – as the project’s name 🙂
Evgen: It definitely is.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @meml97 I was doing a little research about Kaizen, and what does the word mean in Japanese because the name of your project caught my attention, and I came across the fact that Kaizen is a Japanese business philosophy meaning “change for the better” or “continuous improvement”. Of course, this made me even more curious, so, can you tell us more about the origin of Kaizen and how did you came up with it as the name of your project? Also, knowing now that means change for the better, I was wondering, how does Kaizen Finance align with this philosophy? What kind of changes are you making in the platform but also WITH the platform on the Crypto and Blockchain industry, for the better?
Evgen: A minute of philosophy 🙂
We’re changing for the better the whole concept of token operations like vesting, staking, trading, and much more, creating a new token ecosystem standard for the whole industry! And we’re doing it continuously, so it’s a continuous improvement.
Pretty simple, right?😉
Q2 from Telegram user @Arisabela Nowadays we all want solid projects to make staking with short-term profits, I found your project interesting since you can earn additional rewards in tokens of projects that launch using Kaizen tools, could you tell us what requirements apply so that a project can use your tools? Do you have some examples of the partnerships your project has and how useful is Kaizen for the crypto universe?
Evgen: Sure, we’ve already supported the launch of Weld.Money, IOEN, and Scotty Beam projects and announced partnerships with all of them. Total Value Locked of Kaizen.Finance raised to $120M+ after these projects, and much more are coming!
We have pretty simple metrics and requirements for the participants, so I think we’ll provide Kaizen launch tools to 100+ projects in 2022!
Q3 from Telegram user @pakheriyanto Nowadays, NFT and Metaverse are booming & popular. The market follows the hype of them. Do you have any plans related to NFT & metaverse?
Evgen: Yep, you can see the NFT-launch support in our roadmap Q1 2022. It would be big! I think NFT and Metaverse projects would take 60%+ of all the projects launched by Kaizen.
Q4 from Telegram user @Chrisboy5 I see you have lots of partnerships but didn’t find details on your AUDIT session. So can you tell us if you did and what was the Audit report? How safe will the investor’s assets be secured here?
Evgen: I already mentioned all our code is audited by CertiK, but it’s not all. Stay tuned to our media and you’ll see a REALLY big announcement about Kaizen security.
We’re here to make a trusted space in crypto🏆
Q5 from Telegram user @Ecmq10 Hello Kaizen Finance team. I read that Kaizen Finance enables projects to use the platform to perform token sales. What conditions and requirements do you demand of those projects that wish to carry out the token sale within the Kaizen platform? Will users who are loyal $KZEN token holders and want to participate in those token sales have any advantage or benefit? Is it a requirement that the founders of the projects approve the KYC in order to carry out the token sale on Kaizen? Must the project have its code audited before requesting the token sale on Kaizen? Thank you!
Evgen: Oh yeah!
All xKZEN and eKZEN token stakers (you receive it at IDO and Community Sale) would have a chance to receive allocations in all the next projects using the Kaizen Platform!
It’s a $100 ticket to extraordinary opportunities in the future!
And all KZEN token holders and stakers will be rewarded with lowered fees for platform services and expenses.
BTW did I mention that all the payments for Kaizen Platform services will be made it KZEN? It’s a constant buying pressure all of us are looking for in crypto😉
Q6 from Telegram user @cryptoflower13 What is the difference between a token creation and management platform like Kaizen and a Launchpad? Are you a launchpad?
Evgen: Kaizen provides projects with a wide amount of tools and takes care of 100% of projects’ technical demands to make an amazing token launch. While Kaizen can host a pre-sale and make a promo-only with its name, sales are not the only option we offer to the projects 🙂
So we’re definitely not a launchpad, we’re much more!
Q7 from Telegram user @adaatalay Kaizen Finance creates a unique market for trading with the future value of locked tokens. How do you determine the future value of a locked coin? What values is it fixed to?
Evgen: Good question!
Locked tokens just represent a future value known as a “future” on financial markets. I’m not ready to buy Bitcoin’s future value for a higher price than now, so I suppose the value of locked tokens will vary from their current price to some discounted value.
It’s a billion dollars trading volume market we’re gonna open for you guys!
Q8 from Telegram user @jazzmusic2000 Will the community sale have any country restrictions? Where can we find all the information? Will a whitelist be required to participate?
We’ll have a lottery and FCFS to let to take part in the sale for as many community members as possible!
Q9 from Telegram user @jirencrypto How does Kaizen protect projects and investors from Bots making disasters during launch? Can we participate in sales with peace of mind?
Evgen: Yes, you can be sure that projects launched by Kaizen won’t be affected by the sniping and front-running bots!
Our latest launch, the Scotty Beam project, still has 0 cases of front-running and it’s proven by Dextools!
Q10 from Telegram user @Tahsinahmett How many xKzen tokens will be needed to participate in Kaizen launches?
Evgen: Of course, we’ll have some minimal amount, but generally the more tokens you stake the bigger allocation you may have. Please keep updated, we plan to reveal the whole details very soon😉
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 Genius Yield and our
guests were @SothyKolmen, @MarvinBertin and @lbrunjes. The AMA took place on 1 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 community
Gold Rocket | Satoshi Club: Greetings again dear Satoshi Club!
We
are pleased to announce AMA with Genius Yield
Today
our guests are @SothyKolmen
@MarvinBertin
@lbrunjes
Hello
and welcome to Satoshi Club guys❤️
Jonah 🏅🎹 | Satoshi
Club: Hello Guy’s welcome to
Satoshi club 👏👏
Gold Rocket | Satoshi Club: @JohnyCopor and @laubecr welcome to Satoshi Club😊
Jonathan Genius: Hello everyone – thank you for having us!
Jonah 🏅🎹 | Satoshi
Club: Hello.. Welcome to
Satoshi club
Gold Rocket | Satoshi Club: Nice to e-meet you
Let’s
start our AMA!
Introduce
yourself and give us a brief introduction for Genius Yield. What is the main
Idea of project?
Sothy Kol-Men: Hello everyone. Genius Yield is a Swiss based
venture that is building a Cardano-powered Yield Optimizer
LauBe: Hello everyone,I am Laurent Bellandi Co-founder of
Genius Yield
Lars Brünjes: Hi everyone, I am Lars, the CTO of Genius Yield. I
am also the Director of Education at IOHK, the company building the Cardano
Blockchain. I am a mathematician, software developer and educator, have taught
Plutus, Cardano’s smart contract language, to thousands of “pioneers”
and Haskell, the language powering Cardano, all over the world.
I’m
excited to help build Genius Yield and make it the finest DEX and Yield
Optimizer on Cardano.
Jonah 🏅🎹 | Satoshi
Club: 👏 A well
Experienced Educator
Jonathan Genius: Hey everyone! My name is John – I’ve been working
in fintech my entire career, with my last stint being with a Southeast Asian
challenger bank. I’ve been dabbling in crypto on a personal level since 2014.
I’m now trying to bridge the gap between ‘traditional’ fintech marketing and
DeFi / blockchain marketing. Both worlds have a lot to learn from each other
and I’m super excited to be a part of this project that’s aiming to democratize
investments on Cardano.
Q1
From Telegram User @iceVermithraxx
Genius Yield is based on Uniswap V3
protocol and on Genius Yield, Anyone can list their Native token, Provide initial
Liquidity to set token price and allows others to SWAP their Native token for
other assets listed on the platform and Genius Yield offers LPs 3 separate fee
tiers per pair for stable coin pools, standard non-correlated pools and exotic
non-correlated pairs. What are requirements for anyone to be able to list their
native token and provide initial liquidity on Genius Yield? can you elaborate
on stable coin pools, standard non-correlated pools and exotic non- correlated
pools and their features? Lastly Can you share the 3 separate fee tiers pair
Genius Yield offers for each of these pools? Thank You
Marvin: Hi I’m Marvin, I am a Machine Learning/AI Engineer
from San Francisco with years of experience working in Biotech. I’m CSO at Genius
Yield. My role consists in developing the DEX architectures and our Machine
Learning driven liquidity management strategies.
Gold Rocket | Satoshi Club: Nice to e-meet you guys 😊
Lars Brünjes: As for who can list – it’s a decentralized
protocol, so we can’t (and wouldn’t want to) stop anybody from participating.
Jonah 🏅🎹 | Satoshi
Club: No rules.. no limit?
Lars Brünjes: That’s right, anybody will be able to set up
liquidity pools for arbitrary token pairs.
Gold Rocket | Satoshi Club: Sounds… unusual…😁
Please
tell us in more detail how it works
Marvin: We don’t have the same fee strucutre as uniswap
because our DEX is not based on a AMM architecture but it will be an Order Book
based exchange. This is because Cardano’s UTXO smart contract design makes
Order Book exchanges more computational and captial efficient
Q2
From Telegram User @Jmagsss
In order to help and inform new
users on the basics of DeFi, Genius Yield will be offering an educational
platform called “Genius Yield Academy”. This platform is divided into different
sections according to languages and level of expertise. There aren’t any much
information stated by your website and whitepaper for this feature. While
you’re here, can you please discuss more about the Genius Academy and its
structure? Will it be open and accessible by anyone from your community? Most
importantly, will this feature require payments or will it be free of charge?
Lars Brünjes: We plan to offer courses on all our technology and
also give background information on DeFi, smart contracts etc.
This
will in particular be aimed at newcomers to the crypto space – a space that can
be pretty confusing in the beginning.
We
will try to make it more interesting by inviting topic experts for special
lectures and similar.
Basic
material will be free, but we consider offering some premium content for
members of our Community.
We
also want it to be more like a community, a platform for our users and the
whole crypto world to discuss DeFi and Cardano and exchange knowledge, ask
questions etc.
Jonah 🏅🎹 | Satoshi
Club: All this for free??
Gold Rocket | Satoshi Club: this is a very necessary and timely undertaking for
mass adoption 👏👏👏
Thanks
for your great answers
Lars Brünjes: Most of it, yes. But we also want to have some
premium offers for holders of GENS tokens.
In
general I firmly believe that education should be freely available to everyone.
Nevertheless, some special advanced courses might be reserved for our members.
Jonathan Genius: Exactly! Financial education will play a key role
in mass adoption, hence why Genius Academy plays a pivotal part in our project
and is in line with the very philosophy of our platform.
Q3
From Telegram User @ItsMelissa3
One way of The Genius Yield
ecosystem to incentivize holders is that it enables users to earn a significant
passive income. Based on what I have read, all GENS holders will get a reward.
You mention that 20% of the transaction fees on the platform will go to GENS
holders. I have some doubts regarding this distribution. Will this distribution
happen after each transaction or will they accumulate until a certain point in
time? That is, weekly, monthly or even quarterly? Are there any exclusion
criteria in this distribution? Will each of the GENS token holders receive
their reward without exception? Will the rewards be distributed based on the
number of tokens each holder has or will each holder receive the same amount of
reward?
Marvin: GENS holders will have to stake their GENS token
into our stake pool to earn a portion platform fees. The longer they stake the
more platform fees they will accumulate. We haven’t decided on the distribution
cadence just yet.
Gold Rocket | Satoshi Club: do not forget to share with Satoshi Clubbers when
it becomes available for everyone
Q4
From Telegram User @Cheriemike
Genius Yield will be launching its
ISPO(Initial Stake Pool Offering) on December 15 2021, ISPO is a revolutionary
new fundraising mechanism that is more fair, inclusive, secure and it poses no
danger to delegators since, unlike an IDO, they do not have to spend their ADA
to obtain protocol tokens.So can you introduce to us some advantages of
ISPO?Can you tell us how many delegators are you expecting to participlate in
your ISPO?What is the amount of ADA you expecting to be staked in Genius Yield
pool until the closed date?The variable margin of an ISPO is 100%,what then happens
if its less than 100%?Can you state the difference between ISPO and ICO/IDO?
Please provide more details on your ISPO. Thanks
Marvin: An ISPO allows the community to support their
favorite project without investing their own assets (unlike an ICO/IDO).
Instead it leverages the network’s native reward incentive structure. ISPOs are
only possible on the Cardano blockchain because of its unique stake pool
delegation structure.
We
don’t have an expected number of delegator but we estimated that we plan to
saturate 2-3 stake pools over 6 month. Each pool can hold 64 Million ADA. We
have two stake pools at the momen open. One with 100% fees and one with 50%
fees. By delegating to the 100% pool, you will accumulate twice as many GENS
tokens compared to the 50% pool. In the 50% pool you are only giving away 50%
of your ADA staking reward and therefore accumulate only half of the possible
GENS per epoch
Gold Rocket | Satoshi Club: This is very good, I dare say
Btw
share your tokenomics with us please
LauBe: Total supply: 100 000 000 (one hundred million).
Seed
Round 10%: of the total supply; 10%
vesting on listing, linear vesting over 24 months for the rest starting from
the 3rd month after TGE.
Private
Round 10%: of the total supply; 10% vesting on listing, linear vesting over 24
months for the rest starting from the 3rd month after TGE.
ISPO
10%: of the total supply; 10% vesting on
listing, linear vesting over 12 months for the rest starting from the 1st month
after TGE.
Public
Pre-Sales 3%: of the total supply
reserved for the fundraising, directly tradable by investors.
Team
18% : of the total supply; lock-up for 6 months after TGE, then vesting for 36
months.
Marketing
& Partnership 5%: of the total supply; lock-up for 1 months after TGE,
reserved for marketing and partnership, vesting for a 2-year period.
Token
Liquidity 12%: of the total supply; lock-up for 1 month after TGE, reserved for
Genius Yield Liquidity Pool and other exchanges, vesting for 2 years.
Ecosystem
development fund 6 %: of the total supply; reserved for development vesting for
2-year.
Rewards
program 20%: of the total supply; reserved for the fund for liquidity mining on
Genius Yield vesting for 3-year.
DAO
treasury 6%: of the total supply; lock-up for 1 month after TGE, then vesting
for 36 months.
Jonah 🏅🎹 | Satoshi
Club: Wao.. this is
comprehensive
Q5
From Telegram User @KathDM
I read that we can participate in
the governance of Genius Yield by simply holding $GENS. It caught my attention
that voting power is derived from the $GENS holdings of the participant. This
means that those users who have more GENS tokens will have more voting power.
Some users do not agree with this method because the ‘whales’ would have more
control and could manipulate the ecosystem at will. Why did you guys decide to
do it this way? Do you consider the method in which each user has equal voting
power to be disadvantageous?
Lars Brünjes: In a Proof of Stake system, that’s how it works – for
better or for worse. It’s how Cardano, the platform we’re building on, also
works.
That
being said, we will refine it over time – maybe by adding some extra voting
power for loyalty, rewarding long-term holders of GENS.
Other
mechanisms are conceivable.
In
addition to this, it is not easy to identify individual users in the
decentralized world of crypto – without using some sort of identity system.
Lars Brünjes: We will keep it simple in the beginning and refine
over time.
Jonah 🏅🎹 | Satoshi
Club: I believe the refining
will happen alongside your community’s input
Lars Brünjes: Exactly!
Gold Rocket | Satoshi Club: it would be nice if you could share a roadmap with
us.
LauBe: 2021/Q3
Genius
Yield Ideation & Website
Team
Building
Tokenomics
2021/Q4
Seed
Round & Pre-Sales
Marketing
campaign
Initial
Stake Pool Offering
Genius
DEX Whitepaper
2022/Q1
Genius
DEX Testnet
Genius
Academy
Ambassador
Program
2022/Q2
Genius
DEX launch
Reward
Program
Smart
Liquidity Vault Whitepaper
2022/Q3
Smart
Liquidity Vault launch
Fiat
Genius Wallet
2022/Q4
Marlowe-like
Smart Swap customization
Genius
Vault Strategy competition
Gold Rocket | Satoshi Club: Much has already been done and a lot of work ahead🔥🔥🔥
Jonah 🏅🎹 | Satoshi
Club: Have you done any
Audit?
Lars Brünjes: Not yet, but of course we will undergo an audit
before launch.
Q6
From Telegram User @Billz120
Genius Yield will offer liquidity
pools on the Cardano blockchain that will allow users to utilize DeFi services
in a secure environment with Superior performance and scalability; the genius
Yield pools will enable users to swap their Cardano native Tokens for $Gens,
which can then be used to open an account on the Genius platform, for staking,
and becoming a validator on the Genius protocol. How would users who do not
have Cardano Native Tokens on the blockchain be able to open an account on the
Genius platform, for staking, and becoming a validator on the Genius protocol?
Lars Brünjes: We will integrate our own Wallet into our platform,
which will make it easy to convert FIAT into ADA, thus enabling even newcomers
to participate easily.
Jonah 🏅🎹 | Satoshi
Club: What currencies will
this your wallet support?
Marvin: We can’t share just yet what currencies will be
supported, but we can say that at least the major ones will be there like USD
& EUR
Gold Rocket | Satoshi Club: 👌
gotcha 😀
Thanks
for your answers
Please
share with our community useful links on your social networks
Gold Rocket | Satoshi Club: Thanks for sharing! 🚀 And we can move on to
the most impressive part of our AMA – the live interaction with our community.
Part
2 — live questions from the Telegram community
Q1. from telegram username@
Question deleted by user
Lars
Brünjes: Anybody can invest and yield rewards. We care
particularly about newcomers and small investors, but “whales” are
obviously welcome as well.
Q2. from telegram username @shangchi404
Do
you have AUDIT certificates, or are you
working to AUDIT your project, to make it more secure and reliable???
Sothy
Kol-Men: For the time-being we are building our prototype.
Before deploying our first version, we will be engaging an auditor to review
our product
Q3. from telegram username @Xusuo
so
Genius Yield work under chain Cardano, may i know the reason why choose Cardano
as main chain ? do you have plan to have other chain also like BSC,DOT, or maybe Solana?
Lars
Brünjes: Cardano is a third generation blockchain that
offers higher security, higher throughput and lower fees.
Optimizing yields is
much easier and more profitable if profits are not eaten up by bloated gas
fees.
Cardano has been built
with a Research First mindset, so the tech is rock solid and state-of-the-art
and makes it easier to mathematically prove correctness of our smart contracts,
which seems particularly important for a system with billions of dollars at
stake.
Q4. from telegram username @gemshunter22
Your
project is very unique , how can a new investor invest on your project? How can
I buy $GENS?
Sothy
Kol-Men: Our seed round was successfully closed early
November. Soon, we’ll be launching our Initial Staking Pool Offering (ISPO)
where ADA holders can stake their tokens and get GENS tokens as rewards. So
it’s a unique opportunity for the Cardano community to support Genius Yield
Q5. from telegram username @Einsteinyl
Well
my opinion Genius Yield is really great project, could you share in here about
the token sale of $GENS where to get, also do you have the whitelist or presale
event? ?
LauBe: Everyone can participate in our ISPO, starting December 15th until June 15th. We have a great incentive program with BONUS + limited edition NFTs ( partnership with famous artists). You can find more details here https://docs.geniusyield.co/ispo/initial-stake-pool-offering-ispo. At the end of the ISPO we will do a public pre-sales, and everyone can participate on whitelist.
Q6. from telegram username@Azrael_GC
🌺
I see that your platform aims to cater to a wide variety of customers, from
advanced to beginners, do you consider that your platform is easy to use and
understandable for beginners in the world of cryptocurrency trading or do you
have to have a minimum of knowledge to work with Genius Yield? Do you have any
benefits for novice users that we will not find in other yield optimizers?
Jonathan
Genius: Thanks for a great question. We firmly believe that
mass adoption will come from: 1) a simple yet powerful user interface and 2)
understanding and managing risk exposure. By helping our users get the hang of
all the parameters that go into an investment strategy and giving them the
tools to customize their own, we’ll empower them to make their money work
harder for them by harnessing the power of yield farming. We want the platform
to be accessible to all levels – from novice to advanced users.
Q7. from telegram username @esrarengizbtc
The
weakness of smart contracts is the most important issue that scares crypto
investors. Do you believe that the security problem can be solved 100% by
auditing smart contracts by professional institutions? How do you think a
completely secure platform can be created?
Lars
Brünjes: 100% security may be an unattainable goal, but
Cardano certainly makes it much easier to mathematically prove contract
correctness, seeing as the EUTxO-model makes this much easier than
account-based models like the one used by for example Ethereum.
In addition to the
“gold standard”, mathematical proofs, Cardano smart contracts can
also be tested with powerful tools like “property based testing”,
made possible by the fact that they are written in Plutus, a version of
Haskell.
Q8. from telegram username @jirencrypto
How
does Genius Yield plan to stimulate the adoption of crypto? What do you
consider to be the key points to achieve global adoption?
Jonathan Genius: As
with traditional financial services, we understand that financial literacy and
education will play a key role in moving people up the value chain. If you buy
cryptocurrencies but do not stake them or make use for yield farming, you’re
missing on huge opportunities. Mass adoption comes from going back to the
fundamentals and explaining them in terms that everyday investors will not only
understand but be excited about. This is why Genius Academy is such a key part
of our project.
Q9. from telegram username @KevSalom
❇️
You mention that your sophisticated and highly innovative algorithm can find
the best trading strategies to secure our capital and increase profits, could
you tell us a little more about what this algorithm is based on and how it works?
Is it proven and verified that it will secure our investment and that we will
be able to get the best trading strategies? Is it really safe?
Marvin:
Genius
Yield has developed an AI-powered Smart Liquidity Management protocol. It is a
DeFi yield optimization solution that algorithmically automates trading
strategies to maximize users’ APYs while minimizing risk exposure. It is built
onto of our custom built Concentrated Liquidity Order Book DEX. This unlocks
tremendous capital efficiency gains for LPs who can manually adjust their
exposure based on their trading strategies. As a result, market makers can earn
more rewards with less capital investment and incur less impermanent loss.
Our users will be able to
choose from multiple algorithmic strategies based on their desired risk
exposure, expected return and exit strategies. All our strategies are designed
and vetted by Genius Lab, our R&D branch. The algorithm will be optimize
with Machine Learning and the performance evaluated by our backtesting
infrastructure. Our Smart Liquidity Management protocol will not give you
risk-free profits because we cannot predict the market, but it is designed to
balance between risk and reward using
statistical methods.
Q10. from telegram username@Korryl
How
important Community for Genius Yield project? and what event that your team
prepare for your community ? do you have special event like ,airdrop, or maybe
ambassador event?
LauBe:
We are a decentralized platform, so the community is the key. We will release
our DAO whitepaper next month, and we will also release our Ambassador program
this month with an NFTs incentive plan. We will continue to organize events as
hackathons next year in collaboration with our Genius Academy.
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 Jokerfootball and our guests were @Killer_Shiller, @DanJokerFT, @MoonsDreamsCryp, and @Spaniarditox – representative of Jokerfootball. The AMA took place on the 30th of November.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Luis Merino 🇪🇸 |
Satoshi Club:
Hello everyone and welcome to another AMA session in Satoshi Club. Our guests
today are:
@Killer_Shiller
@DanJokerFT
@MoonsDreamsCryp
@Spaniarditox
Luis Merino 🇪🇸 | Satoshi Club: How are you, Nicholas
Jonah 🏅🎹 | Satoshi Club: Hello Nicholas.
Sir Nicholas: I’m doing great thanks, excited about today.
Jonah 🏅🎹 | Satoshi Club: We are excited as well.. we are glad to have you here.
Sir Nicholas: We’re waiting for the rest of the team to get permissions
Sir Nicholas:
🙏🏼🙏🏼🙏🏼
Luis Merino 🇪🇸 | Satoshi Club: They should be able to speak now
Don’t be shy, guys 😉😂
Sir Nicholas: We’re definitely not 😁 but they say they still are not able to write
MoonsDreamsCryp „Mar” (Will Never DM you First):
Hello everyone!
Dan (Nope, Not Gonna DM you First):
Hey guys! I’m finally able to write. Really excited about today!
Jonah 🏅🎹 |
Satoshi Club:
Hello welcome Guys.. 👏
Luis Merino 🇪🇸 |
Satoshi Club:
Welcome to Satoshi Club. This is your new home 😉
Dan (Nope, Not Gonna DM you First): Just a heads up, @Spaniarditox is not able to join the group. Can you check permissions, please?
Sir Nicholas:
Thank you so much! Dan and @Spaniarditox are our CEO’s
Luis Merino 🇪🇸 | Satoshi Club: Tell him to check @GoldRocket27 private message, please.
Meanwhile, can you please
guys make us a short intro about yourselves and explain what Jokerfootball is
in a few words? 🙂
Dan (Nope, Not Gonna DM you First):
Sure! that’s a good way to start
Gold Rocket | Satoshi
Club,
@Spaniarditox welcome to Satoshi Club
Dan (Nope, Not Gonna DM you First): It absolute pleasure being here with you all today. We are super excited to be able to be here today. We are JokerFootball, this is a project that my brother and I started a while ago as a dream more than anything. We wanted to bring football communities together and as we have always been a little rebellious being 2 of 4 brothers, we have always been fans of the Joker and this is where the idea of this project came along. Our goal was to help children all over the world play football and help expand their love for the game whilst developing a strong and supportive community.
Jonah 🏅🎹 | Satoshi Club: Hope you both are no longer rebellious 😅
Luis Merino 🇪🇸 | Satoshi Club: 😂😂
I guess you are football lovers then 👀😄
Dan (Nope, Not Gonna DM you First): We have parted ways with that side but the love for the Joker remains.
absolutely! we were both amateur players in several countries growing up, including Spain (Our home country) as well as Germany and the US.
Luis Merino 🇪🇸 |
Satoshi Club:
Then we are going to be great friends… Well only if you are no FC Barcelona
fans 😜😂
Sir Nicholas:
Dan supports Real Madrid and John loves Barcelona, it’s fun to watch them fight
over which team is the best! 😂
Jonah 🏅🎹 | Satoshi Club: Interesting.. I’m with John on this
Luis Merino 🇪🇸 | Satoshi Club: Dan, I like you
John, please get out of
here
(just joking haha)
😐
Dan (Nope, Not Gonna DM you First):
I’m Glad Luis has my back on this!
Sir Nicholas:
I’m like Switzerland, neutral 😂😂
Luis Merino 🇪🇸 | Satoshi Club: Haha! 😄
That’s even better
So, guys, do you want to start with community questions? 😉
Sir Nicholas: There are a lot of great teams with incredibly talented players, I just love the sport.
Dan (Nope, Not Gonna DM you First): Let’s do this!
Luis Merino 🇪🇸 | Satoshi Club: There you are!! 👏👏👏
Let’s go! 🚀🚀
Q1 from Telegram User @iceVermithraxx
According to your Audit report by TECHRATE during Phase two of your project, I understand that Project Team has some privileges and among these privileges, Project Team can include and exclude addresses from fees, can change team and project wallet addresses, can change buy project, buy team, sell the project and sell team fees. My question now is: will project decisions be taken by the team or is there a place for community contributions? Why do you design a contract that gives the team so much flexibility to alter existing contract terms at will? How can investors have trust in the team and how do you plan to ensure the safety of investors’ funds?
Dan (Nope, Not Gonna DM you First):
That’s a great question, my brother would normally answer this but he is still
not able to write so I will answer for him..
Luis Merino 🇪🇸 | Satoshi Club: He’s having problems when joining the group but looks like a Telegram issue.
Dan (Nope, Not Gonna DM you First): The team will always leave major decisions to the community by means of a voting poll. Since the community is always going to be involved and the crypto market is so volatile, we think that its necessary to be able to adapt to face any difficulties that may harm the community and project as a whole. The contract will also be renounced at some point and this also will be left to decide by the community by vote. There is no current date for this. And since we are fully doxxed and own no tokens ourselves, we hope to transmit transparency at all times.
Luis Merino 🇪🇸 | Satoshi Club: Are you planning to implement DAO?
For some important decisions?
Jonah 🏅🎹 | Satoshi Club: You got the exact question I had in mind 😅
Luis Merino 🇪🇸 | Satoshi Club: We are connected 😂
Dan (Nope, Not Gonna DM you First): We are for sure evaluating this as an option as our community grows. Please keep in mind JokerFootball launched two weeks ago and we are still at an early stage.
Jonah 🏅🎹 |
Satoshi Club:
Great… Thank you Dan for your answers
Ready for the next question?
Dan (Nope, Not Gonna DM you First): You’re welcome!
Luis Merino 🇪🇸 | Satoshi Club: 👏👏
Dan (Nope, Not Gonna DM you First): Always ready, let’s do it.
Q2 from Telegram User @MudaraSilva
I noticed that you have implemented a buy fee of 6% and a selling fee of 10%. In each fee, 5% has been allocated for the project development. Why do you charge users for the development of the project instead of allocating a percentage from the total supply for development-related costs? Don’t you think that these fees will discourage buyers from purchasing your tokens? Moreover, you have mentioned a selling tax of 30% in addition to the aforesaid sell fee. Does it mean that users have to pay 40% (10% fee + 30% tax) of the total amount to the project team when they perform a sell transaction? With the development of the project, will you plan to reduce these fees and taxes?
Luis Merino 🇪🇸 | Satoshi Club: You were born ready 😎
Dan (Nope, Not Gonna DM you First): I’m glad you’ve asked this. To answer your first question, we have 3% locked and in 6 months the community will decide what to allocate this to, whether it’s project development, burn, or donations. In the meantime the percentage from the buy fee helps continue to develop the project every day, this was also done since the team does not have an allocation of tokens to use or distribute.
We hope that people will
see that the entire project is built on the transparency of the team and where
we allocate funds.
Sir Nicholas: The 30% selling tax will be 30% in total, it was actually a proposal from the community, in fact, some suggested an even higher percentage! We submitted it to voting and the decision to increase was approved by over 70% and yes we expect to decrease it progressively.
The original tax in the whitepaper is 15% and it will eventually return to that
Luis Merino 🇪🇸 |
Satoshi Club:
This tax is to prevent dumps, right?
Dan (Nope, Not Gonna DM you First): Absolutely, this is why the community supported the decision.
Jonah 🏅🎹 | Satoshi Club: And when it gets to that there will be no more progressive reduction?
Luis Merino 🇪🇸 | Satoshi Club: Got it! Thanks for the clarification
Dan (Nope, Not Gonna DM you First): No Problem!
Sir Nicholas: Yes, we have considered lowering it to 10% if possible.
Ultimately our community will have the last word!
Jonah 🏅🎹 |
Satoshi Club:
Excellent
Thank you, guys.. Ready for the next question?
Dan (Nope, Not Gonna DM you First): Shoot!
Q3 from Telegram User @meml97
I saw on your Twitter account that on November 20th, JokerFootball made its first donations to “Football for Humanity” an organization dedicated to protecting vulnerable children facing the threat of abuse, exploitation, and trafficking. So, that being said, can you tell us more about this amazing work you did a few days ago? How much did you donate to Football for Humanity and where did the funds for this first donation come from? Also, I was wondering how did you decide to donate to this specific charity? How do you pick the charities you will be giving donations to? What kind of characteristics do they need to meet and also, can JokerFootball’s users participate in this selecting process? If so, how can they do that? Also, I was wondering how often do you plan to make donations to these charities?
Sir Nicholas:
Probably one of my favorite aspects of our project! Dan will answer the
question, sorry, couldn’t hold it in 😁
Luis Merino 🇪🇸 | Satoshi Club: 😄
Dan (Nope, Not Gonna DM you First): Thanks for this and I’m really glad I get to talk about this side of the project as it’s close to our hearts. After a month of research on which charity we were going to donate to, we inclined towards Football for Humanity for the incredible work they do with children worldwide. Being 2 of 4 children with a single mum for a big period of our lives, it was hard sometimes to get the Real Madrid or Barcelona kit that we wanted, or the boots that we wanted, or even the football we wanted. This is a factor behind the project and the charity donations. We want to make sure that we are helping where we can and making sure children don’t have to go through what we went through. We initially donated £519 British Pounds and donations will increase as we continue to grow. The donations came from the project wallet. We Choose this charity as I personally have been in the UK for 12 years and have seen the work they do and I knew the money would go where it’s meant to, the children. Future donations will also be voted by the community but of course, we will always do our due diligence to make sure the charity is genuine and the funds always go to helping children. We plan to make donations once a month at the very least!
Jonah 🏅🎹 | Satoshi Club: This is a well-detailed and clear answer..
Luis Merino 🇪🇸 | Satoshi Club: This is amazing, Dan. The world really appreciates actions like this.
Thank you for contributing to all of them who need it
This is lovely 👏😍
Dan (Nope, Not Gonna DM you First): Thank you! It feels to be able to give back
Jonah 🏅🎹 | Satoshi Club: Thank you once again, Dan.
Here is the next question
Q4 From Telegram User @Ecmq10
Hello JokerFootball team. One of the features of JokerFootball is that each week you will be giving away an X amount of prizes, according to what you mention on your website. Has the number of prizes to be distributed already been established? Will these prizes be distributed in tokens? And if so, in which tokens will it be? What will be the conditions to be one of the users who receive those weekly prizes? Will this feature have an end date? What requirements must we meet to qualify to receive these prizes? Thank you!
Dan (Nope, Not Gonna DM you First):
Another great question, to start with, the prizes that are being distributed right now are in the form of JokerFootball’s unique NFTs which show our team mascot ‘Joky’ with all sorts of unique characteristics. The prizes will not be distributed as tokens until we unlock the first 1% in 6 months, from there every 30 days there will be another 1% unlocked until 2030. Of course, the community will decide what to do with this 1% every month. Yesterday, for example, we rewarded community members who have been actively engaging through social media, group chat, and YouTube. We will also reward this week’s Diamond holders and every week we will run different contests to make sure the entire community can participate in one way or another. There is no end date as of now, we will continue to use NFTs as rewards even after the unlocking of tokens starts.
Luis Merino 🇪🇸 | Satoshi Club: SatoshiClubbers always make great questions 😄💪
Thank you for your answer, Dan 🙂
Jonah 🏅🎹 | Satoshi Club: You have a lot stored up for your community members. 👏
Dan (Nope, Not Gonna DM you First): We want to make sure we are always engaging with the community and that the community benefits from being part of the JokerFootball family
Sir Nicholas: This is one of the protoypes we have already given away, in addition to over 40 NFT’S with different rarities we handed out just yesterday to our most active community members and true diamond holders
Luis Merino 🇪🇸 |
Satoshi Club:
Do you want to add something else, or are you ready to proceed with the next
question? 👍
I love it.
Jonah 🏅🎹 | Satoshi Club: This looks Great 😍
Dan (Nope, Not Gonna DM you First): Let’s go, next questions! We are ready
Q5 from Telegram User @Ajpaa
JOKERFOOTBALL aim to have it’s token accepted as a method of payment when purchasing soccer tickets in the future. Can you elaborate on this future plan and the infrastructure to achieve this blockchain tickets platform? What are some of the benefits that this blockchain tickets platform will bring to your ecosystem and users generally? Can you tell some of your partnership with football clubs, payment processors and electronic payment systems to achieve this blockchain tickets platform?
Dan (Nope, Not Gonna DM you First): Thanks for the question, the aim long-term is to establish ourselves in the crypto market and build relationships with an E-payment platform. This is a future goal that we have set for ourselves at the end of phase 4 of the project. By then, we hope to be recognised not only for the work we do for charity but also for the great project we have built. We hope that by creating this platform in the future, this will help increase the value of JokerFootball Token thus attracting higher profile investors, Football teams, Players etc.
We are in contact to develop these relationships even though at the moment it’s too early to think about phase 4, we want to make sure these connections are set by then. Our goal now is to start from grassroots and build up from there. This means sponsoring children’s football teams, bringing on board former ex-football players and even launching our own JokerFootball kit to donate to teams and as well to sell to raise funds for charity.
Jonah 🏅🎹 |
Satoshi Club:
Thank you for your detailed answer
Sir Nicholas:
We are also reaching out to a little league football team to sponsor them and
they have been very responsive
Jonah 🏅🎹 | Satoshi Club: From what country?
Sir Nicholas: UK
Dan (Nope, Not Gonna DM you First): UK
Luis Merino 🇪🇸 | Satoshi Club: 😎
The city of soccer.
Sir Nicholas:
And soccer fans!
Dan (Nope, Not Gonna DM you First): People live and breath for it here.
Sir Nicholas:
But they prefer to call it football 😁
Jonah 🏅🎹 |
Satoshi Club:
A very great place to start..
Ready for the last
Question for this part..
Dan (Nope, Not Gonna DM you First): Of course!
Luis Merino 🇪🇸 | Satoshi Club: You are right 😂
Jonah 🏅🎹 |
Satoshi Club:
🚀🚀
Luis Merino 🇪🇸 | Satoshi Club: Exactly! 👏
Q6 from Telegram User @Cheriemike
You plan to release your 3D MMO games soon. So can you tell us us the features and genres of the game? What real-life value will you bring to users through the game? Will users have to pay to play the game when Its finally launched? Can you please tell us when the game will be made available since your roadmap is in phases? And what benefits will this game bring to users when its finally released? Please kindly explain. Thanks
Dan (Nope, Not Gonna DM you First): The game will be split int wo parts, on being the 3D MMO game which will be of course football focused, and the second part will be a trading card type game which you will be able to use NFTs as trading cards (almost like the old school panini collectables albums or Pokemon cards) Players wll be able to collect NFT cards and use them on both games. The idea is to give the NFTs more use as well as allow community members to use them if they do not want to sell them independently for example. Users won’t have to pay to use the game, but they game will require them to hold either JokerFootball token, which will also be used in game or NFTs.
The game has no date set
yet as we want to make sure that we build the project correctly and raise the
funds we need for the game. Tokens used in game to upgrade NFTs or to buy certain
upgrades will be used decided by the community by vote what allocation is
given. Again, the options will likely be, donations to a charity or burnt.
Luis Merino 🇪🇸 |
Satoshi Club:
Can you please share your roadmap with us?
Dan (Nope, Not Gonna DM you First):
Here is a photo, and you can also find it on the whitepaper above.
Jonah 🏅🎹 | Satoshi Club: Thank you for sharing.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @MdLuffyo Do you have a marketplace for JokerFootball NFTs, and if so, how is it different from other NFT marketplaces? If you don’t have an NFT marketplace, in which marketplaces will users be able to sell or trade their NFTs?
Dan (Nope, Not Gonna DM you First): We will have a marketplace ready, it’s on the roadmap and here we will be able to trade buy and sell NFTs.
Q2 from Telegram user @SZahir What are the requirements to participate in the NFT sweepstakes? Do I have to have a minimum amount of tokens to access these benefits or can I have any amount no matter how small? Is your meme contest still running or is it over? Where can we find out about the winners of the contests and upcoming activities of your community?
Q3 from Telegram user @habibi_ve You talk on your website that you will make a JokerFootball meme contest, could you tell us when is this contest planned? Where can we get information about it? How can we participate?
Sir Nicholas (will NEVER DM first): Memes! Yes we expect to start with this type of contest pretty soon, I’d say no longer than two weeks’ time, you can get all the info in our telegram group and social media, anyone in the community can participate as long they hold JKF tokens.
Q4 from Telegram user @Tobias_JSJX How did they come up with the idea of mixing the Joker with soccer? How are they related? At this moment NFT games are booming and I see that you are developing your own 3D game, do you have an approximate date when you will be able to give us gameplay details or even better, a beta of the game? Would it be necessary to invest or we could start playing for free?
Q5 from Telegram user @Deberem To be honest, I’ve been in several meme projects and mostly haven’t performed well. How do you assure us that the JokerFootball project won’t rug pulls any moment? Have you taken chances to be audited and by which firm?
Sir Nicholas (will NEVER DM first): By not having tokens allocated to the team and making all decisions based on the input of our community members, yes we have already been audited by TechRate, you can find the info on our website
Dan (Nope, Not Gonna DM you First): We are audited by TechRate, fully doxxed, and hold no tokens. All the things we feel should give investors clarity that we are not a rug pull project.
Q6 from Telegram user @smelekin Why Jokerfootball is anonymous right now why don’t you go public for getting trust?
MoonsDreamsCryp “Mar” (Will Never DM you First): We are public, you can see our personal social networks and in our AMA in our telegram group.
Q7 from Telegram user @potentialsake For the different people speaking different languages in different countries did you create any ambassador program?
Sir Nicholas (will NEVER DM first): We are developing one, we already have groups in English, Chinese, Turkish, and Spanish, we expect to create groups for different languages to create a greater community and eventually a global ambassador program to spread the word about our project and mission.
Q8 from Telegram user @highpee It’s assuring to know that you are FULLY DOXXED. But why don’t you ALLOCATE TOKEN to the TEAM? What will be the source of revenue and how will be you be able to fund this project if there is no token allocated for this?
Dan (Nope, Not Gonna DM you First): Being fully doxxed and having no token allocation gives a lot go confidence to investors that this is a serious project and there is no chance of us pulling out. Funding will always come from the dell and buy fee and as well as the dell go exclusive nfts.
Q9 from Telegram user @sophiejohnson1 Will prediction bets be placed on football or other sports events on your platform?
Sir Nicholas (will NEVER DM first): Ohh it’s one of the things I’m personally pushing for but we have to be very careful as to how we go about it, especially when it comes to betting, we would like to have something like an oracle where everyone would be able to make their predictions and those with the highest percentage of accuracy will get rewarded with NFT’S or other types of benefit.
Q10 from Telegram user @Wong2008 When the next joker Football Meme Contest will take place and how we can participate?
Dan (Nope, Not Gonna DM you First): The next allocation of NFTs will be for diamond holders and end of the week there will Be a contest open to everybody in the community as long as you are holding our token.
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 Bosagora and our guest
was @bosagora_viki ,marketing manager of BOSAGORA project. The AMA took place
on 1 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 community
D.
| Satoshi Club: today our guest – @bosagora_viki !
Gold
Rocket | Satoshi Club: Hello again, dear Satoshi Club
community! We are pleased to announce AMA with Bosagora😍
D.
| Satoshi Club: @bosagora_viki how are you doing today?
Gold
Rocket | Satoshi Club: @bosagora_viki we are really
excited about upcoming AMA with you ❤️
Viki
ㅣBOSAGORA:
Hello😄 Nice to e-meeting you🤗
D.
| Satoshi Club: same! we are welcoming you in Satoshi
club! 😊
Viki
ㅣBOSAGORA:
Thanks for your invitation
Gold
Rocket | Satoshi Club: We love Bosagora and support you
for several years🤩
Viki
ㅣBOSAGORA:
Yes, we love to work with the giant community in the crypto world – Satoshi
Club!
Gold
Rocket | Satoshi Club: Let’s start! Introduce yourself
please. How did you get to be involved in crypto & Bosagora
Tell us please about
your position in Bosagora🏛
Viki
ㅣBOSAGORA:
Hi everyone, I’m Vicky, marketing manager of BOSAGORA project, and mainly focus
on aboard business and marketing. I am pleased to share about $BOA and our
Metaverse– ‘MetaCity’ today with all of you. 😉
D.
| Satoshi Club: nice! we will talk about MetaCity in
our first question, a bit later today 😊😉
Gold
Rocket | Satoshi Club: Also we would like to know more
about your team. Who is on the project team core?
Viki
ㅣBOSAGORA:
Yes, we are so excited to share more about our metaverse – MetaCity
D.
| Satoshi Club: so what is Bosagora? @bosagora_viki can
you explain to us briefly, for those who still don’t know 😊
Viki
ㅣBOSAGORA:
Sure, BOSAGORA is the first ICO project in South Korea (since 2017) and a
public blockchain platform that aims to “make a better world”. We are working
for two goals,
1. Creating a whole new
financial environment, an economic environment that is secure and convenient.
2. Making a better
world by contributing to the SDGs set by the United Nations.
Gold
Rocket | Satoshi Club: [ 🤩 Sticker ]
Viki
ㅣBOSAGORA:
To achieve these goals, BOSAGORA declares ‘MetaChain’ optimized for Metaverse,
and we named it as ‘MetaCity’. It is a blockchain-based Metaverse virtual city
where is linked to real-life that can contribute to the ESG. 🤗
Gold
Rocket | Satoshi Club: This is a very important and noble
cause! ❤️
Viki
ㅣBOSAGORA:
Our Foudation members are Iwan Kim, Serge Komaromi and Mario Lee. Also, we have
Don Tapscott as our advisor.
D.
| Satoshi Club: great! what is ESG by the way? 😊
Viki
ㅣBOSAGORA:
ESG is the short form of Environment, Society, and Governance 😎
Gold
Rocket | Satoshi Club: Real dream team 🙌
Viki
ㅣBOSAGORA:
Thank you 😄
Gold
Rocket | Satoshi Club: Thanks for clarifying😊
Thanks for great
introduction, we will have several questions selected for the Part 1. Ready to
start?
Viki
ㅣBOSAGORA:
Yes. I am ready for the Q1.
Q1 from Telegram user
@Cheriemike
BOSAGORA
signed an affiliation with Standard Protocol,your aim is to expand the
metaverse ecosystem through MetaCity Forum a forum that consists of many
business ventures.MetaCity Forum is working together for developing ‘MetaCity’,
where the real economy and virtual world are merged for transparency and
practical ecosystem, through adaptation of Metachain, a blockchain platform
developed by BOSAGORA, on metaverse.So can you please elaborate more on these
new development?And I noticed that the forum will jointly hold the ‘Global ESG
Metacity Summit 2021′ on December 7th,can you give us a sneak peak of this
event?Will it be open for the public?And What support will Standard Protocol
render to you?Please explain Thanks
Viki
ㅣBOSAGORA:
Well, we are happy to introduce a new partner Standard Protocol ($STND), which
is the first collateralized rebasable stablecoin for synthetic assets operating
within the Polkadot (https://twitter.com/Polkadot
) ecosystem (https://twitter.com/Polkadot
).
BOSAGORA and Standard
Protocol will cooperate including the following areas:
•DEX
development linked with BOSAGORA MetaChain
•Support
$BOA Liquidity Providing and Farming at Standard Protocol DEX
•Linking
up $BOA MetaChain Standard protocol DEX
•Assist
BOSAGORA’s expansion to Yearn Finance Ecosystem project ecosystem
For the development,
Viki
ㅣBOSAGORA:
Metaverse-specific blockchain platform that grants trust to all information in
MetaCity. There are 2 key technology of our MetaChain:
Flash Layer & Full Node PoS, I will introduce more
later 🙂
Viki
ㅣBOSAGORA:
Sure, as I mentioned it before, ESG MetaCity is a blockchain-based metaverse
virtual city linked to real-life that can contribute to the environment,
society, and governance.
To establish a
publicness virtual city, BOSAGORA , as a standing representative from the
‘MetaCity Forum’ with various organizations and enterprises. MetaCity Forum was
initially launched with four companies, including:
1.) BOASGORA (Provide
MetaChain)
2.) AIITONE (KOSDAQ
listed and Metaverse simulation solution company),
9.) Finger (A
KOSDAQ-listed company that specializes in B2C fintech company)
10.) D’Light (The
‘Boutique Law Firm of 2020’ by the global legal media ‘Asian Legal Business
(ALB)’ )
11.) MetaCity Lab (A
proptech company, and recently is developing BetteVille, a metaverse-based
citizen-participatory urban development platform.)
They will provide
Metaverse platform, finical services, marketing strategies and various
administrative services as well in the coming future.🤗
D.
| Satoshi Club: nice list of partners 👏
Viki
ㅣBOSAGORA:
Also, more and more are expected to join soon, and the ecosystem is
continuously expanding. More details will be announced in the coming days.
Gold
Rocket | Satoshi Club: Wow! 🔥🔥🔥
It’s amazing
Viki ㅣBOSAGORA: If you don’t want to miss any latest news, please join our communication channels as follows!
D.
| Satoshi Club: @bosagora_viki thanks a lot for great
answers! ready proceed to the next question? 😊
Gold
Rocket | Satoshi Club: Join Satoshi Clubbers
Viki
ㅣBOSAGORA:
oh, one second!
Here is the graph for
you to understand how we are different from others.
The well-known tokens
are related games in the industry recently, but BOSAGORA are mainly focusing on
publicness. That means connecting with our daily real life is our selling
point, and also our concept.😎
BOSAGORA
has developed a deliberate decision making platform, called Votera, so could
you tell us more about this platform, how it works, who it is aimed at, what is
its importance within the BOSAGORA ecosystem and what kind of decisions are
handled through it?
Viki ㅣBOSAGORA:
BOSAGORA issues Commons
Budget to provide technical and financial support to projects voted in favor of
voters through Votera, a deliberation, and decision-making solution app, a DAO
based Governance Tool for BOSAGORA.
Projects that have been
selected and expanded with the Commons Budget will be operated on the platform,
contributing to the BOSAGORA ecosystem. The status update and voting results of
projects in Votera are available in real-time on BOAScan, BOSAGORA’s block
explorer.☺️
A true democratic
decision making blockchain platform should be as follows:
1.)All node operators
should participate freely
2.)Preventing the
distortion of public opinion, free from bias
3.)Everyone needs to be
given a random name; anonymity is crucial
4.)The vote results
should be stored in the blockchain transparently
Gold
Rocket | Satoshi Club: another great tool for users👏👏👏
D.
| Satoshi Club: did you already select some interesting
projects?
Viki
ㅣBOSAGORA:
We will start it when our CoinNet is launched in 2022 Q1.
D.
| Satoshi Club: [ 👍 Sticker ]
Gold
Rocket | Satoshi Club: by the way, share your roadmap
with us please😁
D.
| Satoshi Club: since Votera it’s a platfrom, will it
have its own token someday? 😊
Viki ㅣBOSAGORA:
Actually, our
development team always put maximums effort to seek fruitful outputs. As the
functionality development is completed, we have been conducting code audits
with Slowmist, an external specialist, since October 8. So far, the feedback we
received was good — only minor errors.
Our CoinNet consists of
more than 100,000 lines of code and is developed using the D language.
For stability verification,
we have been operating seven nodes worldwide, including Asia, Europe, and the
United States, for 13 months on a private TestNet.
Gold
Rocket | Satoshi Club: Sounds great 👍
Viki
ㅣBOSAGORA:
Of course. With BOSAGORA CoinNet, all coin holders can stake a certain amount
of $BOA tokens and participate in node operation.😎
In particular, as for
node operation reward, about 37.8% is generated in the first year when all
holders participate in node operation.
If the number of node
operation participants decreases, it would mean an automatic reward increase
for the rest to share.😚
D.
| Satoshi Club: 👍 awesome! thank you for
replying😊
Viki
ㅣBOSAGORA:
Compared with other platform projects, SOLANA at about 8–10%, Cosmos at about
8%, and Tezos at about 6%, we can expect higher yields from BOSAGORA node
operation. 🤩🤩
Q3 from Telegram user
@Ecmq10
Hello
Bosagora team. The consensus algorithm is core to any blockchain based currency
or system. I read that BOSAGORA uses a Modified Federated Byzantine Agreement
(mFBA) consensus algorithm based on Stellar’s Consensus Protocol. Can you
explain to us in detail what are the benefits of these modifications to the
consensus algorithm? How is it different from the original? Why did you decide
to use the modified one instead of the original? What are the key features of
the modified consensus algorithm for which you decided to use that one? Thank
you!
Viki
ㅣBOSAGORA:
BOSAGORA adopted Stellar’s Consensus Algorithm(SCP), an implementation of the
Federal Byzantine Agreement(FBA), which has advantages such as decentralized
control, low latency(fast speed), and flexible trust.
Stellar resolved block
consensus through voting by node participants, but it took too long time and
activities for the general user to obtain voting right for verification. In the
end, there were still concerns about centralization, in other words, trust and
transparency.
In response, BOSAGORA
adopted mFBA(modified Federal Byzantine Agreement) consensus algorithm which
combined Stellar SCP and PoS.
Quorum Balancing is a
technology that moves one step further from the existing Stellar consensus
algorithm and helps everyone easily participate as a validator. Through this, a
true decentralized platform can be realized, while securing stability and
transparency.😊
D.
| Satoshi Club: does Bosagora somehow improving this
algo? for its own needs?
Viki
ㅣBOSAGORA:
Yes, you are right 😊
D.
| Satoshi Club: i know you have a quite technical team,
which spending lots of time by improving project 😊👍
@bosagora_viki do you
want to add something else or we can move onto the next question? 😇
Q4 from Telegram User
@Jmagsss
BOSAGORA’s
ultimate goal is to establish an open decentralized blockchain that ensures
transparency of the consensus algorithm and clarity of its contracts. By this,
BOSAGORA will be implementing its mainnet called “CoinNet”. Once CoinNet is up
and running, will you be migrating and transferring all of your protocols
including the nodes, tokens and products into your native blockchain? Can you
please elaborate to us your plans for the implementation of your native
network? Do you have a tentative date of its release?
Viki
ㅣBOSAGORA:
We made a distinction between CoinNet and MainNet because CoinNet is the
settlement layer / flash layer
For the tentative date,
we are targeting end of the year, but it is dependent on the wallet, block
explorer, etc.
D.
| Satoshi Club: so currently CoinNet in testnet phase?
if so, users can participate in testing?
Viki
ㅣBOSAGORA:
For more about latest update, we will make announcement when we have done 😄
Yes, our CoinNet on the
audit period. Unfortunately, users are
not allowed to join the testing. 🙁
D.
| Satoshi Club: got it😊👍
Viki
ㅣBOSAGORA:
But the real CoinNet is coming soon 🙂 Don’t worry about that
Q5 from Telegram user
@Gen_Block
It
is awesome to know that BOSAGORA care on the community because we know that
community plays significant role in the successful project. I hope you also
have the same perspective in this community role. I found out at the website
that BOSAGORA opens opportunity to be the Ambassador that help nurture and grow
a healthy environment for all. What is the main requirements to apply for this
opportunity? Is it for certain regions that you are focusing only? Or is it for
global Ambassador?
Viki
ㅣBOSAGORA:
Yes, we are so proud of establishing WSO, a non-profit organization that
protects the sea in 2021 Spring. With the vision to ‘make a better world’,
BOSAGORA provides advanced financial service based on blockchain technology to
humanity and contributes to the realization of Sustainable Development
Goals(SDGs), a list of urgent tasks faced by the humanity defined by the United
Nations (UN).
Gold
Rocket | Satoshi Club: I remember this great whale rescue
action ❤️❤️❤️
Viki
ㅣBOSAGORA:
In March 2021, BOSAGORA established WSO(WeSaveOceans), a non-profit
organization that aims to “solve the climate crisis by protecting oceans.”
It held a ‘Whale Saving
Mural Contest’ and unveiled winning works in 5th June, the Environment Day. The
unveiled works was painted on large murals in Jeju Island to spread a message
which about whale protection.
We are planning to more
about this filed to achieve our goal
Viki
ㅣBOSAGORA:
Maybe we will need a global ambassador one day
Here are the final
outputs.😍
Gold
Rocket | Satoshi Club: This is very noble! Thank you very
much for this charity. ❤️
Q6 from Telegram user
@antoni_azx
My
question is about the security of the project, could you tell us what Trust
Contracts are and if it is an exclusive technology from Bosagora? Do you need
special expertise on the part of the developers to use these tools? What is
different with the rest of the protocol layers?
Viki
ㅣBOSAGORA:
BOSAGORA will implement Trust contracts, securely executable contracts based on
a protocol layer. These contracts plan to use a flexible programming language
on top of virtual machines like WebAssembly. The end goal is to provide a
safely designed smart contract engine and an easy-to-develop language for easy
developer adoption.
Unlike other platforms
that yield consensus decisions to the individual who holds the most
cryptocurrency or controls the most nodes, the BOSAGORA solution provides a
more democratic solution to consensus.
D.
| Satoshi Club: sounds safe and secure enough 👍
Viki
ㅣBOSAGORA:
Another key benefit of how Bosagora manages Trust contracts subsequent Dapps
built on the platform is by providing funding.
Gold
Rocket | Satoshi Club: Bosagora knows how to surprise and
make a quality product 👍
Viki
ㅣBOSAGORA:
We plan to do our best to become a meaningful project for investors on a long
journey with $BOA by devising various strategies to increase the value of $BOA.
We will release announcement soon. You can still get in on the BOSAGORA ($BOA)
action and there is still scope for growth!☺️
Gold
Rocket | Satoshi Club: Thank you very much Viki! this is
the incredibly addictive first part of the AMA ❤️
Viki ㅣBOSAGORA: My pleasure🥰
Part
2 — live questions from the Telegram community
Q1. from telegram
username@Orlemys
From
what I understand, Bosagora is a tech-heavy platform; so much, that it is
actually quite complicated to understand what is the real use or mission behind
it. So, would you explain in simple terms? What is Bosagora? What can it do?
Viki ㅣBOSAGORA:
As explained earlier, Metacity is a blockchain-based ESG administration
platform utilized by city governments. The existing metaverse is limited to
specific areas such as games, entertainment, and commerce. Metacity will be a
metaverse of a broad concept that encompasses all of them. In particular, the
contents of MetaCity will not end with contents within the Metaverse, but will
become meaningful contents that affect the lives of real citizens. E.g.:
including youth education, traditional finance, donations, and decision-making
on municipal issues. MetaCity starts with Namyangju, but can be introduced to
any city around the world.
Also, with various
financial, marketing, commerce, entertainment, education, and charitable
organizations around the world can provide services in Metacity. That means, it
allows more finanical activities in the MetaCity. We are keep work with more
companies to encourage using $BOA over there.
Q2. from telegram
username @ronaldo_super
My
question is about token type. Are there any use case of governance for your
token holders?
Viki
ㅣBOSAGORA:
The first project of
our ESG MetaCity is ‘Namyangju ESG MetaCity’. Give a short briefing about the
Namyangju City, where is 1hr away from Seoul with more than 700,000 citizens.
For your understanding, here is the Aerial view for taking reference.
For Governance: Through
MetaAgora, a metaverse voting platform, citizens of Namyangju can discuss and
vote on municipal administration in the Meta Agora anytime, anywhere.
Q3. from telegram
username @Alixbella
🏛🏛🏛I
am a token holder and I want to stake a certain amount of $ BOA … What is the
reward for participating in the operation of the node? what would be the
percentage of profit? Is it true and possible that the reward of the node
operation is around 37.8%? this is true, are you serious 37.8%? outperforms all
the percentages they offer. Tezos, Comos and Solana who are around 8% How do
you manage to operate it? @bosagora_viki
Viki
ㅣBOSAGORA:
There are two ways to participate in node operation.
1st method: Staking and
running a node directly. At least 40,000BOA should be staked, and you will get
37.84% profit after one year.
2nd method: Pay a
certain fee to T-Fi(=DeFi) Labs and apply for a node operation agency. It is
good for those with less than 40,000BOA and do not want to spend time on the
device.
37.84% of the initial
insurance volume is newly issued for reward to provide node operators in the
first year. If all holders participate in node operation, each will receive a
bonus of 37.84%. If half of the traders have participated in it, you will
receive 75% rewards after a year finally. Sounds attractive, right?
Q4. from telegram
username @Robotliker1
Can
you tell us more about metacity forum and recent partnership? What are the
achievements of your project and benefit can be received from it?
Viki
ㅣBOSAGORA:
MetaCity Forum was initially launched with those companies as below:
1.) BOASGORA (Provide
MetaChain)
2.) AIITONE (KOSDAQ
listed and Metaverse simulation solution company),
9.) Finger (A
KOSDAQ-listed company that specializes in B2C fintech company)
10.) D’Light (The
‘Boutique Law Firm of 2020’ by the global legal media ‘Asian Legal Business
(ALB)’ )
11.) MetaCity Lab (A
proptech company, and recently is developing BetteVille, a metaverse-based
citizen-participatory urban development platform.)
Based on those
services, we plan to expand the user pool by increasing the number of BOA
wallet accounts created by providing points as BOA coins to Metacity service
users. Not only this, when a company provides service within Metacity, it
contributes to store commission for marketing activities. In addition,
transaction fees for all cryptocurrencies traded within Metacity are acquired
with BOA. So that profits are generated through rewards for BOSAGORA node
operation.
Q5. from telegram
username @Xusuo
i
see that $BOA token already list on Kucoin, thats really great. so how to
participate in new trading event for $BOA ? can you share the detail of the
event ? thx
Viki
ㅣBOSAGORA:
We love to do event with our holder, and new event is coming soon, please stay
tuned 🙂
Q6. from telegram
username @nitrogenpower
What’s
goal that you are you aiming for the marketcap for Bosagora’s future 2-3 years
and later?
Viki
ㅣBOSAGORA:
The goal is to launch Metacity and be listed on global top-tier exchanges. In
addition to the content announced today, MetaCity continues to develop very
constructive and innovative ideas. The number of partners who will make these
ideas a reality together continues to grow. I think these cases can be
established as good examples of blockchain being applied to the real world.
Q7. from telegram
username @Cheriemike
😍Hello
BOSAGORA Team😍
On
February 17,you announced your blueprint for ‘T-Fi,’ an advanced financial
concept that is anticipated to overtake the existing decentralized finance
(DeFi) financial model.So can you tell us what various ways will T-Fi generate
profit?What are the advantages of T-Fi in traditional economy?😍
Viki
ㅣBOSAGORA:
DeFi is gaining popularity as a use case for blockchain. However, there are
many cases of abusing, and only profits are generated through transactions between
cryptocurrencies.
T-Fi is an advanced
concept of finance that can participate in various types of finance in the
world with cryptocurrency by expanding in the area of DeFi, a transaction
between cryptocurrencies. Since profits are generated in the traditional
economic area outside the blockchain network, it is impossible to abuse such as
hacking and flash loans, so it is fair and safe.
It is highly scalable
as it can be linked with any traditional economy beyond the limitations of the
existing DeFi. As it is a structure that promotes $BOA staking and $BOA
purchase in the process, it has the effect of continuously increasing the value
of $BOA.
Q8. from telegram
username @Pratze
i
hear that BOSAGORA have event name with “GLOBAL ESG METACITY SUMMIT
2021” but im still confuse with the event. Can you explain more detail
about this event ? also how to join in that event ?
Viki
ㅣBOSAGORA:
Summary of the summit
📌Title : Global
ESG MetaCity Summit 2021
📌Date &
Time : Tues, Dec 7th, 2021, 14:00–17:00 KST (UTC+9)
📌Venue:
– Main stage: Jeong
Yakyong Library Auditorium, Namyangju City, South Korea (Invitation only)
– Metaverse platform on
your preferred device among PC and Oculus VR.
At this summit, Don
Tapscott will present the social change that blockchain and metaverse will
bring and the future society we will face under the theme of “The Metaverse:
How Blockchain is Enabling the Next Era of Collaboration, Commerce and
Citizenship”. 😎
Q9. from telegram
username @Ratash97
BOSAGORA
team aims to implement Trust Contracts can you tell us what is the strength of
this type of contracts ?
Viki
ㅣBOSAGORA:
So, It sounds like how different between ‘Smart Contract’ and ‘Trust Contract’.
As I mentioned before, a smart contract is the general term used to talk about
on-chain “programmatic money”. Trust Contracts are BOSAGORA’s implementation of
smart contract. While smart contracts are a general principle, Trust Contract
are a specific implementation, based on WebAssembly.☺️
Q10. from telegram
username @csgonub
What
kind of problems blockchain projects are suffering right now and what kind of
solutions are you bringing with this project?
Viki
ㅣBOSAGORA:
I must introduce the Flash Layer.
BOSAGORA, which is
developing a blockchain platform specialized for Metaverse, has developed a
Flash layer as a solution to the scalability problem, which is one of the
trilemma issues of the blockchain. The Flash layer has the technical advantages
of instant payment, stable transmission, secure network, and low fees.
The Flash layer does
everything that Bitcoin’s Lightning network does, But, the benefit of the Flash
layer over the Lightning network is that Flash was built directly into
BOSAGORA, instead of being an afterthought. This allowed us greater flexibility
by having a simpler Layer1 to Layer2 integration. We are also working on making
it the default for the wallet. Currently not many wallets, or exchanges, support
LN.
We are so happy to
sharing that, with our Flash Layer, BOSAGORA was awarded the 9th Excellent
Future Creating Economy Management Company Award under the blockchain platform
category, hosted by Money Today (A Korean news agency) for two consecutive years
🤗
BOSAGORA will do its
best to deliver good news to its community. Stay tuned 😎
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:
