Month: December 2021

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Eron Project and our guest was . The AMA took place on the 22th of December

The AMA session was divided into 3 parts with a total crypto reward pool of $500

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Mary | Satoshi Club

Hello  Satoshi Club! We are happy to announce our AMA session with Eron Project!  Welcome to Satoshi Club

Pavel P

Good day everyone and welcome to Satoshi Club!

Mary | Satoshi Club

@doruconstantin @rokata1 @eronproject are our guests today

Mary | Satoshi Club

Welcome here

Eron Project

hello everyone! nice to be here!

Doru | ERON ( I Will Never DM You First )

Helllo everyone

Kata

hello! nice to be here!

Pavel P

And we are glad to have you here with us!

Mary | Satoshi Club

Hello, guys

Pavel P

How are you doing, guys?

Kata

very well thanks

Eron Project

fine thanks

Mary | Satoshi Club

Great, than let’s start

Eron Project

sure

Mary | Satoshi Club

And we will start with introduction

Eron Project

hello everyone, my name is Claudia Constantin and i am the CMO of the project

Mary | Satoshi Club

We would ask you to introduce yourselves and Eron Project to our community

Kata

hello, i am Catalin Istrate and i am the CMO of Eron Project

Mary | Satoshi Club

How did you get involved in crypto, guys?

Doru | ERON ( I Will Never DM You First )

Hello, i am Doru Constantin and i am the CEO

Eron Project

I personally started as a trader, moved to trading crypto, realized it can also be used to do good in the world and joined the project

Mary | Satoshi Club

Oh, nice story  a lot of traditional traders moved to crypto recently

Kata

being a developer, i was more curious about the technology and started getting more info and i got hooked on blockchain

Pavel P

So, you all have a different background and crypto story behind

Mary | Satoshi Club

You didn’t have choice

Eron Project

yes

Kata

[In reply to Mary | Satoshi Club]

yes

Mary | Satoshi Club

Tell us what us Eron Project and it’s main goals

Eron Project

Eron Project is the project that we created because we saw many things to be wrong in the world. as individuals we cannot change much, but as a project and as a community we can try to make a difference.

Mary | Satoshi Club

I understand you, but what do you want to change first?

Eron Project

The Eron Project is about giving normal human standards such as purified water, electricity or gas, not only to Romania (where we are from and based) but also wherever it is necessary.

Pavel P

Together you can always do more!

Mary | Satoshi Club

I suppose you have such normal things in Romania?

Eron Project

because we have more than 10 years experience in the energy field in Romania, we know how we can make a difference

Eron Project

only 33% of romania has gas, about 16% does not have electricity and more than 10% does not have running water

Eron Project

so being Romanian doesn’t mean that we are guaranteed all these “luxuries” even though we are a EU country

Mary | Satoshi Club

Oh, i didn’t know about this

Eron Project

besides Romania, there are a lot of countries out there that have very little purified water. Countries from Africa where WATER is a luxury is also a priority for us

Mary | Satoshi Club

So, i hope you will be able to change this situation in your country for better and of course in another countries

Eron Project

we hope so to, that’s why we are here

Mary | Satoshi Club

Who are working on the project? How big is your team?

Eron Project

we are 12 people – from which us 3, 3 people that handle the energy networks planning, 3 developers under the CYO, 1 CFO and 2 people that handle PR and community management

Mary | Satoshi Club

All people are from Romania?

Eron Project

yes

Eron Project

we are all romanians and we all work from bucharest, except our ommunity maneger who is working from his home

Mary | Satoshi Club

Nice

Eron Project

thanks

Mary | Satoshi Club

How old is your project?

Doru | ERON ( I Will Never DM You First )

we started 18 months ago

Eron Project

so basically 1 year and a half

Pavel P

Already a long path passed!

Eron Project

yes

Kata

development isn’t easy

Mary | Satoshi Club

You’re not so young! And i think you have a lot to tell about work that already have been done and your plans

Eron Project

yes

Mary | Satoshi Club

And you can do this during first part of our AMA

Pavel P

Especially, when you create a huge ecosystem. Let’s see it in details! We have selected 6 questions from our community. are you ready to start?

Eron Project

sure

Kata

yes

Pavel P

Q1 from Telegram user @ItsMelissa3

Based on what I have read about Eron Project, I learned that it is a charity project created in order to provide the most basic human standards such as purified water, electricity and gas to people in poor areas. How long ago was the idea of creating this project born? You mentioned that Eron Project is based in Romania, will you reach all regions of the world or will you only focus on European regions? Do you already have a list of the regions you will focus on? Will Eron Project be a global project? How many people make up the ERON team and how will you identify the populations that need your support? Can the community suggest regions through a governance system?

Doru | ERON ( I Will Never DM You First )

Yes

Pavel P

It is partially covered already

Eron Project

I think that we have already replied to this question earlier. yes, we are planning to go beyond European borders and help as many people as possible

Eron Project

and people will be able to submit reggions that need our help as soon as our launchpad will be launched next year

Pavel P

Are your charity plans cover gas, electricity and water only? Are there any other aspects in your focus, like education for ex.?

Mary | Satoshi Club

Yes, partially answered can you share your roadmap with our community?

Doru | ERON ( I Will Never DM You First )

Because we come from the field of energy, our experience is in this field. For now, we will focus on these issues

Eron Project

We can only focus on energy for the moment. perhaps in the future if we grow big enough we will expand our charity goals, but for the moment we have only these goals set

Eron Project

we will update our roadmap this week to include some of the goals we have achieved and that were not stated in it. but if people want, they can always see our roadmap on our website

Mary | Satoshi Club

Can you explain mechanism how you will help people with energy? What you will do? Can you give us examples?

Eron Project

sure

Eron Project

We come from the energy field so we have the menpower to planand design. we have already spoken to several mayor’s offices in Romania if they would be interested in working with us and they said yes. basically we design and plan, the mayor’s office gives us access to the land where the networks will be built, we build them. the mayor’s office makes an auction to get a provider to provide water/electricity or gas and after the contract expires the network belongs to the mayor’s office.

Eron Project

This is how it works in romania, for other countries we will have to get lawyers from those particular countries in order to be compliant with the legislation

Mary | Satoshi Club

Great! That’s awesome achievements wish you good luck with all burocracy!

Pavel P

Great community effort to support what the government cannot or do not want to accomplish!

Doru | ERON ( I Will Never DM You First )

The problem is that the state does not have enough money to build and the distribution companies will not !!!

Eron Project

exactly  that is what we want to do

Eron Project

thanks

Mary | Satoshi Club

I wonder why states always don’t have enough money but it’s not only Romanian problem

Eron Project

it’s worldwide unfortunately

Mary | Satoshi Club

Hope this will change one day

Pavel P

Who knows, maybe the future Romanian government members are here with us today!

Mary | Satoshi Club

Thank you for your answers! Ready to proceed?

Eron Project

Politics isn’t for us.. to much talk, no work

Eron Project

Sure

Pavel P

Q2 from Telegram user @Highpee

As a humanitarian centred blockchain project, you said ERON will run as a standalone blockchain, have its own boot nodes and as well index explorer. But I read that Eron will be developed on Ethereum using the Go Implementation of ETH (GETH) but you will utilise the gas cost and confirmation time of BSC. Is ERON an independent blockchain or is it a sidechain or layer 2 upgrade of existing chains? How do you plan to successfully combine the attributes of BSC and ETH? And since you are launching $ERON token sale on BSC and ETH with the sale on both chains having different sale conditions, does it mean that there will be 2 different versions of your token and will users have to swap them back to Eron blockchain at a latter time?

Mary | Satoshi Club

Or guys will become Romanian government

Doru | ERON ( I Will Never DM You First )

This aspect is not an option for us, we are most interested in succeeding in helping as many people in difficulty as possible !!!

Kata

this is a question for me. the ERON blockchain is a blockchain created using go, but we are not here to help ETH or to be a second BSC. we are here to give people an alternative. At the moment we have 1 boot node and 40 nodes that are functional and aprox 14000 miners on windows and 4000 on android on beta release. they all have erc-20 addresses but they are strictly using our nodes.

Kata

since we have our own nodes we don not want to combine the ETH with the BSC, rather than take the best out of the 2.

Mary | Satoshi Club

So, we can tell that you have separate blockchain?

Kata

we have an ETH contract on our blockchain and a BSC contract. we also have bridges that once we hit 500 nodes in february will become functional

Kata

yes, different blockchain even if the language is the same

Combot

Alert! MerryCrypto  is a known spammer and is CAS banned (https://cas.chat/query?u=2120107086). Ban is strongly recommended.

Mary | Satoshi Club

How we will be able to use this bridges? Between which blockchains? Which coins we will be able to transfer?

Kata

between ERON and BSC. also, since we are a blockchain, projects will be able to  deploy their contracts on our blockchain and we will give devs a bridge draft that they can edit in order to have a contract both on ERON and ETH

Mary | Satoshi Club

Gotcha

Pavel P

Thank you for detailed explanation!

Mary | Satoshi Club

What about your token sale? Can you give us more details?

Kata

thank u as well

Eron Project

the token sale has ended

Eron Project

we have just been listed on Bitmart

Eron Project

and we are going after Bithumb, Crypto.com and Binance next

Mary | Satoshi Club

Really? Binance?

Eron Project

yes. we are a legitimate company, that has even applied for a license in a country where crypto is not regulated yet, we are financially supporting this project from the company budget and we have a big goal in mind. so of course we are gonna go after the biggest of them all

Mary | Satoshi Club

Good luck, guys, fingers crossed

Eron Project

There is a saying: the only limitation a human being has is the one he/she sets for him/herself

Pavel P

Good luck!

Mary | Satoshi Club

True words

Mary | Satoshi Club

Thank you for your answers! Ready to go to the next question?

Pavel P

No borders!

Eron Project

Sure

Pavel P

Q3 from Telegram User @ProwGrowl

The Eron’s ecosystem looks to be huge comprising multiple components such as Eron token, Eron scan, Eron miner, Eron market, Eron wallet and Eron pay. Could you provide a status of each components development status? Which of them would emphasize Eron’s particularity and make the whole ecosystem special compared to other ecosystems?

Eron Project

All these are necessary in order to make it easy for even the newbiest person out there in order to use crypto. because we are in a non-regulated crypto country ( yet) we will be implementing ERON as a payment method and i think the ERON MARKETPLACE is the one that will be the most unique. Because it is a B2C marketplace where companies accept ERON (in the beginning) as a payment method

Eron Project

As far as we know, there is no B2C marketplace where crypto is payment method accepted by companies and multinationals

Mary | Satoshi Club

In which stage of development is Marketplace now?

Eron Project

About 75% done. we only have to implement ERON PAY in it and to integrate the nodes into the payment module

Eron Project

we have partnerships signed for over 5000 products, over 300 services, interface is done and we only need to finish a few things.

Mary | Satoshi Club

How many users do you expect to join from the beginning? What fees will you have there?

Eron Project

The first few days, at least 3-4k that we have within our community.

Pavel P

Great numbers for the start!

Mary | Satoshi Club

Wow, i think you answered one question before it was asked

Pavel P

If we’re good here, let’s move to the question nr. 4!

Eron Project

And i also want to announce that today we have just signed a partnership with a Romanian car dealer and people will be able to buy brand new Ford, toyota Mazda and Hyunday paying with  ERON

Mary | Satoshi Club

Congratulations

Eron Project

Thanks

Eron Project

Sure, we can move on

Pavel P

Q4 from Telegram User @Cheriemike

You mentioned that in order to become part of ERON Network a Validator needs to commit a collateral in the form of $ERON tokens which are to be staked aligning the incentives of the Validators with the correct functioning of the network.So can you talk on the amount of $ERON a Validator will use to commit a collateral?Will it be a fixed amount or you will have some form of min/max amount of $ERON these will stake before becoming a Validator?What are some of your network protocol instructions that will be giving to those who will be interested in becoming ERON network validator?And how will you get to know when a validator isn’t following the protocol instructions?For trustworthy and honest validators,what will be the % of $ERON given to them as a reward?Please explain to us the role of “ERON Virtual Machine” in connection with those who will become validators of your Network. Thanks

Kata

even if we are PoW, validators still need to stake in order for the nodes to be able to do their job correctly. thiere is no minimum or max.

Kata

eron virtual machine is the machine that gets the messages from the nodes and validates tx that are processed into  block. anyone will be able to download the virtual machine in the future

Mary | Satoshi Club

Do validators have to use special equipment?

Kata

no, just computers.

Kata

we do not want to use asics because we do not want whales and farms

Mary | Satoshi Club

That’s cool

Kata

thanks

Mary | Satoshi Club

Thank you for your answers! Ready to jump to the next question?

Kata

sure

Eron Project

Yes

Pavel P

Q5 from Telegram User @Ecmq10

Hello Eron Project team. When I read the Eron Project roadmap, I noticed that until December 31, 2021, you have written to carry out the listing of the ERON token on exchanges. Since there are only a few days left for this deadline that you established, is the ERON token already listed on any exchange? If the answer is affirmative, which ones? Where can we buy it right now? Do you plan to announce more listings on exchanges during the first quarter of 2022? Did you face any challenges during this listing process? Can you give us an update on this? Thank you.

Eron Project

At the moment we are on Bitmart, as i said

Eron Project

We will announce another listing in January

Eron Project

Challenges not really, now we just have to make Binance look at us and say : SURE, WE WILL LIST U

Mary | Satoshi Club

Will your token be listed on some DEXs?

Eron Project

Atm we don’t want to have arbitrage trading.. because from what we have spokent to several exchanges, it has started to be a movement against this type of trading.. and we do not want to jeopardize any future listing

Mary | Satoshi Club

It makes sense

Mary | Satoshi Club

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

Eron Project

Sure

Kata

yes

Pavel P

Q6 from Telegram User @Anne_Tim

The Eron Project has 2 main goals: Creating a blockchain called ERON blockchain and Using the ERON blockchain to make a difference in real life through charities and also help with the integration of cryptocurrencies into everyday life. As per my uderstanding the success of the second goal is fully dependant on the success of the first one. Please explain the mechanism of financing your charity programs. Is their budget being built out of the taxes imposed on the operations within Eron blockchain? The first charity activities will most probably pass in Romania. What about other countries and regions? Thanks!

Pavel P

Partially covered

Eron Project

ok. this is a very good question. so, from all taxes and fees from our blockchain and apps, we will invest 50% into the constant capitalization and growth of ERON coin. Other 30% will go towards our charity goals. we did not start this company for our financial gain, we started it to do good. so that is where most of the money will go. also, there is a charity wallet that will be use to acquire the necessary materials for the networks that will be built. ensuring a constant growth of the coin, means a constant growth of the value of the charity wallet, thus more networks to build

Mary | Satoshi Club

Which taxes and fees you will have?

Eron Project

eron marketplace will have a very small fee for companies, eron pay a very small fee to transform fiat-crypto, eron wallet for companies as well.. the fees are less than 1%.

Pavel P

Wow! Indeed, it is very affordable!

Mary | Satoshi Club

Yes, that’s true! I want to wish you success

Eron Project

Thank you

Mary | Satoshi Club

Thank you for this incredible first part of our AMA! It’s time to move to the next – live part

Mary | Satoshi Club

Are you ready?

Pavel P

Let’s GO!

Eron Project

ready

Mary | Satoshi Club

Let’s go

Part 2 — live questions from the Telegram community

Q1 from Telegram user @MdLuffyo

How many boot nodes does the ERON project currently offer on the cloud server? How many nodes does the technology of the ERON platform allow to serve its users on all servers?

Kata

Currently there is 1 boot node and 40 nodes that are paired. we will have about 500 by the end of february since we are expanding our team also in january.

Q2 from Telegram user @Xusuo

Most of project always have burning system for the token, so how about $ELON ? how the mechanism burn that work for $ELON token ? can you desribe it? also how about buyback?

Kata

We have a 1% burn fee that will start once our bridges are active and working

Q3 from Telegram user @superhero_898

As You have started in Romania,
How has been the govt. Support there?
In coming times,
Do You plan to expand in other countries?

Eron Project

The governement doesn’t have an opinion yet, that is why it is important for us to do good and show people that crypto is not about scams and bad things.

Q4 from Telegram user @slla1112

Currently, metaverse and NFTs are popular in the current market. Do you plan to include NFTs in the Eron project? Can we see Eron in the metaverse in the future, is there a metaverse game in your plans?

Eron Project

Yes, we will be expanding into that. actually Bitmart has already included us into their Metaverse contests for this Christmas

Q5 from Telegram user @ashwini_Crypto

I see that On Eron wallet, a Prepaid card will be attrached,
Can You tell, what tokens will it support?

Eron Project

we will support most tokens, but payment from the wallet can be done only with ERON. and if there is no ERON in the wallet, an automatic conversation wil be done

Q6 from Telegram user @Thisistoyin

Why do you have seperate wallets for Companies?

Eron Project

Because companies have to obide by the law. and the law in almost every country says that companies hacve to show the bank statement/ wallet statement. for companies, there will be a separate option of getting the statement of txs

Q7 from Telegram user @IceVermithraxx

Can you please talk about the Eron miner and how users can access and use it to provide Liquidity to ERON ECOSYSTEM?

Kata

At the moment we have BETA versions for android and windows and we will launch stable verions for them and ios by then end of the year. Probably after january 15th people will be able to download from app store and google store

Q8 from Telegram user @Rakshhitx5

Can we say that your Project Name ‘ERON’ is inspired from ELON?
If not then why you have named your project ERON?

Kata

RON is the name of the Romanian currency, so E RON made sense for us.

Q9 from Telegram user @Billz120

With your signing of MOU with an Auto Maker in Romania ( Budapest) for the payment of of purchase car brands you mentioned with ERON TOKEN, would person outside Romania who has ERON TOKEN also be able to purchase these brand of car if they choose to, with their ERON TOKENS?

Eron Project

Yes, any person can purchase any good. just like centralised stores, you will have to pay for the shipping, but otherwise anyone can buy any good or service from our MARKETPLACE

Q10 from Telegram user @burshanggal

How do you set ERON PROJECT apart from other projects?” “Are there any other advantages?” “What gives you the idea that your initiative deserves to be noticed?

Doru | ERON ( I Will Never DM You First )

You’re absolutely right, this was the idea from the beginning, that’s why I decided that up to 50% of the company’s revenue will be allocated to sponsoring disadvantaged areas, those areas where local authorities do not fall on a score to obtain European funds! !! The community can help by purchasing ERON !!!!

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:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram-https://t.me/eroncoin
Medium –https://eronproject.medium.com/
WebSite – https://www.eronproject.com/
Twitter-https://twitter.com/EronProject

We are pleased to announce our next AMA on January 4th, 2021 at 03:00 PM UTC Time: Satoshi Club Indonesia x Gunstar Indonesia

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Indonesia Satoshi Club Telegram group
👉 Join Gunstar Telegram group

We will have the following structure:

Part 1: 50 /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 50/5 users – Open chat for 120 seconds. You can post Max 3 questions. Gunstar Team will select 5 questions and answer them.

For more details:
Gunstar – @GunStarAnnouncements
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Indonezia – @satoshi_club_indonesia

We are pleased to announce our next AMA on December 24th 2021 at 03:00 PM UTC Time: Satoshi Club x Hashland

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

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

Part 3: 300$ – A quiz about Hashland

For more details:
Hashland Website – hashland.com
Hashland Telegram – @HashLand_NFT
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 Integritee Network and our guest was . The AMA took place on the 21th of December.

The AMA session was divided into 3 parts with a total crypto reward pool of $500

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Jonah 🏅🎹 | Satoshi Club

Hello Satoshiclubers welcome to Another AMA session

Gold Rocket | Satoshi Club

Greetings, dear Satoshi Club community! We are pleased to announce AMA with Integritee Network

Gold Rocket | Satoshi Club

Today our guest is @wowans

Jonah 🏅🎹 | Satoshi Club

Hello @wowans welcome to Satoshi club

Wa S

Hello everyone

I am happy to join the AMA today !

Hope you are equally exited as I am !

Wish you a lot of fun and hope you learn more about our outstanding project Integritee.

Gold Rocket | Satoshi Club

Hello and welcome to Satoshi Club, @wowans

Jonah 🏅🎹 | Satoshi Club

We are excited as you are..

Gold Rocket | Satoshi Club

Nice to e-meet you

Wa S

Nice to meet you as well @GoldRocket27  and @Jonahapagu 

Gold Rocket | Satoshi Club

Let’s start! Introduce yourself please. How did you get to be involved in crypto & Integritee Network

Wa S

sure , give me a minute

Wa S

I am a seasoned executive and entrepreneur, with a background in business informatics, I have managed global programs and digital transformation projects in the financial services sector. I was also an integral part of the team to establish EY’s Blockchain footprint in Switzerland. As a co-founder and former Head of Enterprise Blockchain at Swisscom, I built blockchain solutions and services for internationally renowned companies in the finance, insurance and pharma industries. Beginning of this year i joined the Journey of SubstraTEE with Alain as Developer and we founded together Integritee in April this year.

Gold Rocket | Satoshi Club

Great background

Gold Rocket | Satoshi Club

Give us a brief introduction to the project. What is the essence of  Integritee Network

Wa S

As for Integritee, the network enables firms and dApps to process their users’ data in a privacy-preserving manner that aids compliance with GDPR and other privacy regulations. Moreover, Integritee enables firms and dApps using its service to prove that all privacy-related requirements have been respected.

Integritee is a system that enables developers and firms to unlock the value of sensitive data. By combining the trust of Polkadot, the scalability of second-layer sidechains, and the confidentiality of Trusted Execution Environment (TEE) hardware.

Integritee solves the 3 main issues of Blockchain as of today. Its Scalability, Interoperability and Confidentiality at the same time without downsides. In addition to that, Integritee aims to power a new generation of data-driven dApps and services.

There has been a backlash, and rightly so – against companies who do not take or are unable to take the necessary steps to protect sensitive user data. In the past years we have seen an exponential increase in successful hacks which lead to the leaking of consumer data. This is something we want to change and create a new ecosystem of apps that are using privacy preserving technology like ours natively.

Wa S

Hope thats comprehensive for everyone who is not deep into that technology

Gold Rocket | Satoshi Club

you guys have very ambitious plans and goals

Jonah 🏅🎹 | Satoshi Club

Yes it is..

Gold Rocket | Satoshi Club

How long does it take to develop a project? What plans do you have for the future? And what can we expect from  Integritee Network

Wa S

Well , Alain our Co-Founder and CTO developed the solution over the past 3 years funded by several web3 grants.

Beginning of this year we decided to put this technology into a real business.

We just recently launched our mainnet and the fuel, the TEER token, and now we are ready to onboard first clients and use cases in a production ready environment.

Gold Rocket | Satoshi Club

Btw we would like to know more about your team. Who is on the project team core?

Wa S

The core team consists obviously of the management that is based in Switzerland / Germany and UK.

Its Me, Alain, Christian and Tristan.

Part of the development team is also based in Switzerland, the rest is really distributed around the globe.

Jonah 🏅🎹 | Satoshi Club

You have a well spread out team..

Gold Rocket | Satoshi Club

Is your great dream team anonymous?

Wa S

Thats true, we have also already established lokal communities in e.g. France, Russia, Turkey, Vietnam, South Korea, China, Japan and more countries to come next year

Wa S

Yes well we take privacy and security serious, and not all members always want to appear publicly.

Gold Rocket | Satoshi Club

Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

Wa S

Sure, ready and excited

Jonah 🏅🎹 | Satoshi Club

Q1 from Telegram User @UniqueVicky

From your roadmap we understand in this Q4 of 2021 is your participation in public slot aunctions on polkadot, listing on first major exchange,release of a bridge between Kusama and polkadot,release of new products for enterprises.from the above could you please tell us enthusiasts the requirements involve in participaticing in your public auntions on polkadot?what is the minimum amount of $TEER can we hold to participate? Can you also tell us the first major exchange you plan to list and when the listing will be considering there are just few days left to 2021? Kindly put us through on the rest of the plan in this quarter? Thank you

Wa S

Well the plans shifted slightly, and we will first focus on winning a parachain slot on Kusama and afterwards, most probably in January or February next year focusing on a Polkadot slot.

For participating in the auctions, there is no specific TEER amount required.

You have to just at least lock 0.1 KSM to participate and support us.

Bigger exchanges will come in 2022 and will be announced when all details are settled.

Gold Rocket | Satoshi Club

By the way, since we started talking about this, please share your roadmap with us

Wa S

Sure we have a lot of work ahead of us for 2022:

Deploy first enterprise PoCs.

Decentralize and establish the Governance Council.

Establish a multi-environment TEER token.

Implement fee burning and lockdrop mechanisms.

Forge partnerships with international institutions and universities.

Issue Treasury grants to expand the Integritee ecosystem and community.

Release Kusama-Polkadot bridge

Release of Sidechains with Smart Contracts

Secure Polkadot slot(s)

Establish Integritee as the leading Polkadot privacy solution.

The first deployed use case will be announced before Christmas btw, so stay tuned

Jonah 🏅🎹 | Satoshi Club

Quite a lot of exciting things here..

Gold Rocket | Satoshi Club

A lot of work! Thank you very much for sharing!

Gold Rocket | Satoshi Club

Ready to proceed with the next question?

Wa S

yes

Jonah 🏅🎹 | Satoshi Club

Q2 from Telegram User @Anne_Tim

Nowadays, the protection of business data (correpondence, contracts, access codes and network) is a predomintant issue in concurrential environment. Integritee is claiming to provide insights without access to sensitive data and empowers firms and developers to build broader, fairer, and more secure data platforms. Please share the products offered to businesses in details. Is Integritee able to support large international organizations with extreme daily flow of sensitive information? Is it able to protect multi language and multi code data? Do the business owners have a possibility to modify (decrease/increase) the level of protection offered? Thanks!

Wa S

Yes, with the special hardware technology called TEE -Trusted Execution Environments, we are now able to secure not only data at rest or in motion, but also data in process. This is not possible with other more academical approaches like Zsnarks or ZKP.

With our scalability of up to 1’000’000 tps, due to the offchain computation, we can meet several requirements.

As of now we offer a 2nd layer solution that should enable other projects and companies to build specific solutions on top.

Gold Rocket | Satoshi Club

Thanks for your great answers

Jonah 🏅🎹 | Satoshi Club

At the moment do you have projects built on your 2nd layer solution?

Wa S

yes there are already several projects that have started using our technology or are going to start in the near future, just to give you some examples to understand the broad application area:

Encointer – Encointer is a fundamental redesign of money. Based on the principle of equal opportunity every human gets a universal basic income and a digital ID without relying on a central authority. Encointer combines the ideas of sovereign money, demurrage and local community currencies and applies blockchain technology to create the local money of tomorrow.

Litentry – a network which provides privacy-first, decentralized identity aggregation computing services. The aggregation of different accounts and identity data of the same person on different platforms and blockchains in a decentralized manner. Litentry is the first one to provide decentralized identity aggregation service.

Ajuna – Ajuna Network is a decentralized ecosystem for gamers and creators. It eases the creation of a tokenized incentive layer and provides seamless integration with modern game development environments such as Unity and Unreal. Built on Substrate, Ajuna can leverage the full potential of the Polkadot ecosystem and provide developers with a modular toolbox to build on-chain features into their games. Ajuna’s ultimate goal is to create real value for both gamers and developers by providing a fully interoperable decentralized ecosystem for games and their virtual goods.

Integritee provides a trusted technical foundation. There are far too many potential applications to list but they affect every industry and you personally too! Some examples include:

Financial dapps.

Medicine, wearables. An Integritee sidechain can be used to share medical data with a medical dapp.

Oracles.

AI networks that process input data in private mode.

Data storage.

Bridges to other blockchains.

Private messengers.

Decentralized identities.

Data analytics.

Jonah 🏅🎹 | Satoshi Club

Thank you for your detailed Answer

Jonah 🏅🎹 | Satoshi Club

Ready for the next question?

Wa S

You are welcome  , yes i am ready

Jonah 🏅🎹 | Satoshi Club

Q3 from Telegram User @GhostofCharmeleon

A very cool project! I say this as a specialist of the organization processing personal data of clients.

Studying innovative projects aimed at social media and search engines in web 3.0, I notice a tendency to advertise complete blocking of data that allows you to target ads or use data for other business purposes. People don’t want to be counted and digitized. Isn’t this trend a risk for your ambitious project?

Gold Rocket | Satoshi Club

huge use case

Wa S

Very good question !

We are not against the possibility of using data in a certain way, as long as this is agreed on by the end consumer and the data processor.

We also think that the value of data if super important to improve businesses and services for consumers, but this sensitive data has to be processed in a secure and pre agreed way.

Currently the traditional systems are honey pots for hackers, we wanna solve that.

Jonah 🏅🎹 | Satoshi Club

On other words Users data are secured

Wa S

100 %

Jonah 🏅🎹 | Satoshi Club

With regards to this have you done any Audit?

Gold Rocket | Satoshi Club

Thanks for your great answers

Wa S

99 % of the code is already audited via the substrate code or project developments. The rest of the code will be finally audited in Q1 2022.

Gold Rocket | Satoshi Club

this is a really important aspect and we are grateful that you are serious about it

Gold Rocket | Satoshi Club

Ready to proceed to the next question?

Wa S

Of course we have to, otherwise the promise to secure sensitive data would be just an empty promise if we would be running vulnerable code

Wa S

ready

Jonah 🏅🎹 | Satoshi Club

Q4 from Telegram User @ambbobb

Recently, you make partnership with kusama which is a stable multi-chain network for radical innovation and early stage Polkadot deployments and you announced a referral program where we must be connected with this network to get a 5% referral reward. I would like to have more understanding about this program, what are the process to follow in order to be connected with this network? Is it that users will going buy/stake a token? You also plan to reward people that have backed you before and plan to contribute again, what is the special reward for this? Also, during your token distribution there is no allocation for providing liquidity, are you not interested in users staking your token or what is your plan for this?

Wa S

yes the referral program aims to support our crowdloan campagne to win one of the parachain slot on Kusama.

to participate in the referal program, you have to actively contribute at least 0.1 KSM to our crowdloan campaign via:

https://crowdloan.integritee.network/

this process will bond the KSM for 48 weeks, in case we are winning a slot in the auctions. The reward will be distributed in TEER tokens, currently 20 TEER / 1 KSM bonded.

Currently there are no plans for staking TEER, as we have a deflationary token mechanic, but we will come up with other concepts soon.

Jonah 🏅🎹 | Satoshi Club

Is there a limit to the number of referrals?

Gold Rocket | Satoshi Club

please do not forget to share these concepts with Satoshi Clubbers

Wa S

no this is coming on top of those 20 TEER / 1 KSM rewards and are not limited per se, but the amount of possible locked up KSM is limited to 100’000 KSM.

Jonah 🏅🎹 | Satoshi Club

Thank you for your answers

Wa S

Sure we will share the news of course

Jonah 🏅🎹 | Satoshi Club

Ready to proceed to the next question?

Wa S

yep

Jonah 🏅🎹 | Satoshi Club

Q5 from Telegram User @kimzyemma

Integritee is a decentralized based project and the existing centralized approaches to data-driven services tend to be fast and convenient but involve big compromises in terms of user privacy and data security, though some blockchains delivered some solutions like increased trust and security but involve unacceptable trade-offs in performance in which Integritee successfully bring Off-chain workers into the systems and this Off-chain workers(OCW) are not to be confused with parity substrate off-chain workers. I would like to have a clear difference between the two workers? How will OCW be effectively work in Integritee system? There was a chart used to illustrate  OCW, how will this OCW be executing information from one point to other?

Wa S

Well thats a super technical question that is challenging even me as a business person.

We have a section in our lightpaper that is describing this for a normal person:

Off-chain workers (OCW) are not to be confused

with Parity Substrate off-chain workers. They execute a custom state transition function or oracle service in a TEE. State transitions

are triggered through on-chain extrinsics with encrypted payloads (indirect invocation).

Indirect invocation: With indirect invocation,

a requester calls (1) a confidential dispatchable function (state transition) by

signing a trusted call and encrypting it with the worker-enclave’s shielding key. She then wraps the cyphertext into an extrinsic which she sends to the chain.

The worker forwards all new blocks to the light client (2) within the worker-enclave where the cyphertext gets decrypted and the trusted call is executed (3) on encrypted state. The call is then confirmed on the parachain

(4). The user can query (5) their own state directly at the OCW enclave subject

to authentication.

Wa S

If this answer is not sufficient, i am happy to forward this to Alain our CTO and come back with a more sophisticated answer

Jonah 🏅🎹 | Satoshi Club

This should be clear enough for @kimzyemma

Gold Rocket | Satoshi Club

this is really a tricky question. but you did it perfectly! thanks a lot

Wa S

Thanks

Gold Rocket | Satoshi Club

Ready for the last question of this part?

Wa S

yes

Jonah 🏅🎹 | Satoshi Club

Q6 from Telegram User @Highpee

IntegriTEE was initially known as SubstraTEE and been developing since 2018. Can you explain why it was necessary for you to rebrand from the previous name and how your vision or business scope has been affected by this? Since you have been working for sometimes now, can you share with us the level of progress made so far and when the service you are developing will be available for public deployment?

Wa S

Yes sure, we have rebranded because the term substraTEE was too close to substrate, the base framework of Polkadot, and this caused always some missunderstandings. As we are serving a business purpose not only a technical purpose, we decided to rebrand to Integritee.

As mentioned before we just recently launched our mainnet and are now able to onboard the first productive use cases, that will mid and longterm not only include blockchain projects, but also traditional companies.

Gold Rocket | Satoshi Club

You have chosen an excellent and succinct name

Jonah 🏅🎹 | Satoshi Club

I totally agree… The name speaks for the project

Jonah 🏅🎹 | Satoshi Club

Thank you for your great answers in this first part of our AMA

Gold Rocket | Satoshi Club

We would like you to share with us all the useful links to your social networks before we open the gate.

Wa S

Sure the most important link is easy to follow:

https://linktr.ee/Integritee

here you can find all other social media and relevant channels and site

Jonah 🏅🎹 | Satoshi Club

Thank you for sharing

Gold Rocket | Satoshi Club

Well! Let’s start the storm

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Clint_25

I’m just curious about your title. Why did you change it? Y in the word Integritee Network instead of the correct spelling is “INTEGRITY”. Please explain?

Wa S

This one is easy ! Integritee is a combination of Integrity + TEE , so an attribute of Blockchain technology + TEE as security and privacy technology

Q2 from Telegram user @King_Raja

Integritee Has chosen Polkadot Network,
In near Future, Do You plan to move to other Blockchain as well?

Wa S

very good one, so currently we are working on a bridging technology, to connect Kusama and Polkadot, and at a later stage also to other ecosystems. This will be a huge milestone for the interoperability of different ecosystems, as they are currently more silos and closed ecosystems.

Q3 from Telegram user @potentialsake

Do you plan to create android or iphone mobile versions of your project and create any games inside of it?

Wa S

No we won’t, as we are a base layer technology to enable others to create solutions and serve specific use cases. But our partnership with Ajuna, will bring games to our network layer to use confidentiality and scalability of our solution.

You can read more about ajuna here :
https://ajuna.io/

Q4 from Telegram user @Phunsuk9999

What Is the Main Role o COMMUNITY In Your platform , Can Users Give any Feedback and Suggestion For the Better Develoment of the Platform and Have you Launched the GOVERNANCE DAO platform ?

Wa S

Well we are planning to introduce decentralized governance of the plattform in 2022, and every token holder will be able to propose improvements and the direction of the network.

As of now, our community has different possibilites to support us, e.g. the Kusama Crowdloan campaign, the ambassador program and other activities that will help to grow and develop our ecosystem.

Q5 from Telegram user @Rinhere

As users can participate in Crowdlending Campaign through fearless wallet,
What are the features of this wallet? What are the other ways users can Participate ?

Wa S

Yes the fearless wallet is only one option to contribute to our crowdloan campaign, but there are also more.
All relevant details can be found here on our campaign page:
https://crowdloan.integritee.network

Q6 from Telegram user @Indomiekuy

Integritee have token $TEER and work under POLKADOT, may us know the reason why choosing Polkadot as your chain? How about plan to bridge/have other chain?

Wa S

We chose Kusama / Polkadot because it is a scalable and secure protocol that serves as the foundation for an interoperable network of blockchains and provide the basis for Web 3.0 – a new, fully decentralized internet. For Integritee, the Polkadot Relaychain will provide public auditability.
Integritee has appeal for a broad range of enterprises accross different industries and the appeal of Trusted Execution Environment technology as a privacy preserving technology will only continue to grow as people and companies place more emphasis on data security and sovereignty and regulations shift to reflect that.
We are planning to introduce Bridges later this year and start to connect different ecosystems and make it even easier to use intergritee’s advantages. This again shows our commitment to build up an interconnected ecosystem and not to create another silo.

Q7 from Telegram user @hansoyeon

You have recently implemented the Integritee mainnet, which is on your roadmap. Can you give some more information for the mainnet? “We will launch it as a solo platform until we get a Kusama parachain.” What does “a solo platform” in the phrase mean?

Wa S

So every substrate based project can also launch their own “solo” chain similar to Kusama and Polkadot ( which are also substrate based ).

Once we win a parachain slot, we will connect to Kusama as a parachain to get use of the security layer of the Relaychain.

Q8 from Telegram user @Smartling

What is the importance of the Trusted Execution Environments (TEE) in the Integritee ecosystem?

Wa S

There are different privacy preserving technologies out there (including differential privacy, homomorphic encryption and multi party computation). Trusted Execution Environment technology is widely being regarded as the strongest of the privacy preserving technologies. TEEs provide a simple and currently unrivaled way to process sensitive data securely and confidentially. A TEE is an isolated environment that uses both special-purpose hardware and software to protect data. In general, TEEs provide a “trusted environment” inside which computations and analysis can run while remaining invisible to any other process on the processor, the operating system, or any other privileged access.

TEE can be also used standalone. The problem with that is, that its hard to convince the counterparty, that a specific data set with a specific logic is computed within the enclave, as nobody has access to the enclave. This is where we combine a public ledger to provide a registry for public audit ability, to prove what’s running inside the “blackbox”, and that’s a game changer.

Data protection and privacy regulations are becoming ever stricter – a trend we believe will continue, and rightly so! From both a regulatory and a consumer perspective there will be more demand for privacy focused applications in the very near future.

Q9 from Telegram user @cenkkargin0666

Can you explain some details of the $TEER token’s metrics and management model? What is the role of $TEER in the platform ecosystem? What are your strategies for organic growth of $TEER token that can generate income for long-term token holders and investors?

Wa S

The value of the TEER token is driven by demand for Integritee technology. We know demand is high – as we can show by the number of interesting partnerships we are exploring in and out of the blockchain space. As demand continues to grow the value of the token will increase in the long term.

Our intermediary framework also allows for our technology to become accessible to enterprises outside the blockchain space. The TEER token has been designed so that its value will reflect this core competitive advantage, thereby linking the value of an off-chain technology with an on-chain token.

Integritee will have a single native token, the TEER, that can freely float among multiple parachains.

A revenue burning function burns a fraction of each fee paid to the treasury. This implies that the overall TEER token supply is deflationary. In a nutshell: Each time a user pays for Integritee’s service with TEER tokens, a fraction of the fees are burned. The number of TEER tokens received by the treasury is reduced
and the total TEER token supply becomes smaller and so the price of the TEER token will increase as its supply decreases.

Q10 from Telegram user @Mercury654

Can you please tell me Why Users and Traders should Choose the INTEGRITEE PLATFORM , What outstanding
features doe your Platform Possess ?

Wa S

If you are considering a nice, user friendly product which is easy to use then centralized data services are great and have a great USP. However, if we consider the fact that over the past months data breaches have been increasing at incredible monetary cost to companies and personal cost to individuals there is a growing need for our solution. In addition, our technology and solution is one of the few which offers users the ability to be compliant with the ever stricter regulations around data privacy and security.

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:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram-https://t.me/Integritee_Official
WebSite – https://integritee.network/

We were delighted to welcome our guest from Cook Protocol. The AMA took place on December 7th, 2021 and our guest was @nate2x.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Gold Rocket | Satoshi Club: We are with you again, our dear Satoshi Clubbers! We are pleased to announce AMA with Cook Protocol.

Paul Mont | Satoshi Club: Today’s guest is @nate2x! Welcome! Great to have you here!

Nate: HI everyone great to be here! Thank you!

Gold Rocket | Satoshi Club: Nice to e-meet you ❤️

Nate: Nice to e-meet you too!

Paul Mont | Satoshi Club: How are you feeling today ? I can tell you we’re super-excited to know more about Cook Protocol! 😁

Nate: I’m doing great. Very excited to share everything that we’ve been working on recently at Cook

Gold Rocket | Satoshi Club: Cook Protocol was our guest on March 17😊

Paul Mont | Satoshi Club: Then it’s a wonderful come back, we need to hear the news!

Gold Rocket | Satoshi Club: https://esatoshi.club/satoshi-club-x-cook-protocol-march-17th/

Nate: Thank you it’s great to be back. We’ve made tremendous progress since we were last here!

Gold Rocket | Satoshi Club: Let’s start! Introduce yourself please. How did you get to be involved in crypto &  Cook Protocol. And please remind us of the main milestones that have occurred during this time

Nate: Sure let’s do it

Nate: Hey everyone I’m Nate the CMO of Cook Finance! Just to vie you a bit of background on myself I’ve worked at top companies in the marketing field including Havas Group which is a global ad agency, L’Oreal as a brand maanager and in mobility tech as a marketing director.

Nate: I actually got started in the crypto space a whilel back when I was working on a side project in the blockchain mobility space back in 2018 then early this year I had the opportunity to dive deep into crypto with Cook and it’s been incredible to say the least!

Nate: So just to give a few updates on milesstones Cook has achieved to date here are a few ones…

Cook Avalanche – Launched on 11/30/21

Cook Mainnet – Mainnet Launched on Ethereum 6/30/21

Cook Indexes – ETH: Largecap Crypto, DeFi, NFT, Metaverse, Infrastructure and Derivatives

Cook Indexes – AVAX: Ecosystem, Stablecoin Yield Bearing, Mega Cap Yield Bearing

Cook Chains – Runs on AVAX, ETH and OEC. $COOK is on ETH, BSC, HECO and OEC

Cook Integrations – Integrations with Chainlink, Unstoppable Domains, Huobi, Galaxy.eco

Cook Community – 10K+ $COOK Wallet holders achieved within 3 months of launching

Gold Rocket | Satoshi Club: it’s as incredible as your background👏

Nate: thanks!

Paul Mont | Satoshi Club: Congratulations! These are really outstanding milestones! 🚀

Gold Rocket | Satoshi Club: You have done a lot during this time!!!

Paul Mont | Satoshi Club: What’s even more amazing is how you’ve managed to achieve all these in such a short span of time 🤩

Nate: Yes we’ve been hard at work! thank you thank you!

Gold Rocket | Satoshi Club: Give us a brief introduction to the project. What is the essence of Cook Protocol😊

Nate: Alright sure let’s dig into the good stuff and talk about Cook!

Gold Rocket | Satoshi Club: Perhaps someone has forgotten or there are new Satoshi Clubbers

Nate: So Cook is basically a DeFi Index platform. Our goal is to create a platform in this space that makes it easy for anyone to get into the world of crypto through index investing. Especially foor those who are new to crypto, going through the thousands of tokens and picking individual ones to buy is a daunting task. so we want to make that much simplier and easier for EVERYONE

Nate:

You can check out a picture of the platform here

Paul Mont | Satoshi Club: Love the UI! So sleek!  🔥

Nate: Thank you!

Gold Rocket | Satoshi Club: It looks smart and very convenient

Gold Rocket | Satoshi Club: Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

Nate: oh hold on just a sec let me add some more info about the platform

Gold Rocket | Satoshi Club: Of course ❤️

Nate: So Cook was created to take the guesswork out of that and make it easy to just get a basket of cryptos in one single index with broad diversification and exposure. So for example if there’s an area of crypto that you want to et into you can get an index for that like a Metaverse index that is composed of the top projects like SAND, DECENTRALAND, ect. Or the Avalanche Eco system Index that is made up of the top AVAX projects like Trader Joe, Yield Yak, Pangolin, ect.

Nate: The benefits of this platform are that for those who are new to crypto and not quite ready to deal with the high level of volatility associated with holding single asset tokens, they  can easily get an index of a basket of tokens. This enables users to still have the upside potential within the crypto market but without the massive ups and downs associated with holding single assets. Additionally passive investments like indexes tend to outperform in the long term vs. just handpicking active individual assets. Also users have self-custody which means you actually own the assets.

Gold Rocket | Satoshi Club: the benefits are obvious! 👏👏👏

Paul Mont | Satoshi Club: I love it @nate2x! Diversification is a pivotal concept in *good* finance and key to build a great portfolio, optimizing the risk/reward ratio!

Paul Mont | Satoshi Club: Can more experienced users build  (e.g. customize) their own basket of crypto assets or are these predefined for them?

Nate: Yes in the future experiened users or actually anyone who has an idea for their own index will be able to propose it through our Cook DAO. Then it will go through a Q&A period and voted on. If approved then the Cook team will create and launch it on the platform.

Gold Rocket | Satoshi Club: I like this idea👍

Nate: Yes that’s where we really see unlimited potential in that every single one of you can come up with an index idea. True creativity and ideas come from the community and we can not wait to see what everyone comes up with

Paul Mont | Satoshi Club: Nice! 👏👏

Paul Mont | Satoshi Club: I have so many questions, but some of the topics will also be introduced by our selected community questions so… if you’re ready we can move hop/right onto that section of our AMA 😉

Nate: Yea sure go ahead

Paul Mont | Satoshi Club: Let’s go then! 🚀

Q1 from Telegram User @Jamesxmen

In previous week of Avax Daily report, Cook Protocol took third place for Top TVL(Total Value Locked) gainers within Avalanche ecosystem with 96.68% and Congratulations for that. What were the reasons & habits that you continue to gain a success like that? Actually How much is the TVL within Cook Protocol project presently? In what way did you collect funds for the TVL fund & When will this funds be unlocked? What are the actions & determinations that you will take to keep this hype for a well growth Cook Protocol economy?

Nate: Yes so for the TVL we’ve had an incredible run up recently and we just exceeded $2M. A big reason for the huge increase was that just last week we announced the launch of Cook on Avalanche which was amazing.

So Cook is the first ever DeFi Index platform on Avalanche and so many in the ecosystem are very excited about it. We actually made this announcement when our team was exhibiting at the DCentral Conference in Miami just last week.

It was a fantastic experience to tell so many people first hand about this launch and we got so much good feedback from the community. Also we got the launch covered in CoinDesk which we’re very proud of!   https://www.coindesk.com/tech/2021/11/30/cook-finance-launches-defi-index-platform-on-avalanche/.

So all these activities have definitely contributed to the increase in the TVL over the past week. In terms of continued progress we have a lot more in the works and a lot more exciting indexes that will come through that will make the platform even more valuable in the future.

Gold Rocket | Satoshi Club: Your successes are amazing

Nate: thank you!

Paul Mont | Satoshi Club: Amazing!!

Paul Mont | Satoshi Club: What are you most excited about that’s coming down the roadmap for Cook? 🙃

Paul Mont | Satoshi Club: That is, is there a particular feature or service or event that you’re particularly looking forward with great(er) excitement (provided that it’s not a secret you can’t share 😁) ?

Nate: So I’m really excited about the team working on making improvements to the user experience on the platform so even a broader audience can access Cook. Currently its a bit difficult for new people to get into DeFi Indexes and we want to make it easier for as many people as possible so we’re working hard to build out ways to improve the overall user experience and make it as simple as possible.

Gold Rocket | Satoshi Club: which feature are you most proud of?

Nate: The “Issue with Single Token” feature is something we’re really proud of. With this feature anyone can use a single token such as USDC, USDT, AVAX or DAI to get an index. This is a MAJOR improvement in the overall user experience that Cook is the first to launch in the index space

Nate:

Gold Rocket | Satoshi Club: Wow! it is truly grand and unique

Nate: yes because before, if you want to get an index you would actually have to hold all the underlying assets in the index which is quite complex to get done. but with this feature Cook makes it super simple

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

Paul Mont | Satoshi Club: It’s so ingeniuos @nate2x 🤩🔥

Paul Mont | Satoshi Club: It seems you guys are already well on your way to make UX easiest as possible!

Gold Rocket | Satoshi Club: Are you ready for the next question?

Nate: sure

Q2 from Telegram User @Jmagsss

To guarantee that all of the investor’s funds and safe and secured, Cook Protocol will use the Nexus Mutual insurance and provide fund-specific insurance options to hedge against any risk with the fund investments. Firstly, why have you chosen Nexus Mutual to facilitate and organize your insurance policies and mechanisms? Also, can you please discuss more about these fund-specific insurance options? What will be its structure and who are allowed to purchase them?

Nate: So security is important and all the Cook smart contracts have been audited by 3rd parties such as Certik and Slowmist. To add even another layer of security the team is currently working with  protocols in the insurance space to add even more features to the platform. As for fund specific insurance options this is a great idea and we would love for this to be proposed through the DAO to help improve the platform. Its new ideas like this that come from the community that really help improve the overall platform.

Gold Rocket | Satoshi Club: DAO is really a very important tool for the community.

Paul Mont | Satoshi Club: Thank you for taking care of this critical aspect. I’m sure all of Cook Protocol’s users will be relieved to know about the dedication and utmost care you’re putting through into the topic 😉

Paul Mont | Satoshi Club: Are you ready to proceed with the next question or would you like to add something else?

Nate: all good let’s go to the next

Q3 from Telegram User @iceVermithraxx

I understand that cook Protocol relies on a using multiple oracle services and you mentioned one of them which is Price Oracle. Price Oracle is used determine assets valuation and ckTokens. can you elaborate on the working principles of Price Oracle to determine assets valuation and ckTokens price? Can you share some of other Oracle Services Which Cook protocols uses and their features? Lastly, can you give a brief explanation on how Cook Protocol interacts with all this oracle services?

Nate: So Cook actually uses Chainlink for pricing feeds for the indexes. The oracle provide real time price updates so that the Cook platform can show accurate NAV (net asset value) pricing for all the indexes on the platform. Chainlink is a great partner and it was quite quick to roll out the integration with their team as they have so much experience in this space and work with all the top projects. Since pricing is the major component for the platform that’s the main focus of oracles for now. But again if you have an idea to integrate with other oracle services for a new type of index, please go ahead and propose!

Gold Rocket | Satoshi Club: Thanks for your answers ☺️

Paul Mont | Satoshi Club: An opportunity to organizing some interesting brainstorming session with our Satoshi Clubbers:)

Nate: Sure!

Nate: That would be a great idea

Paul Mont | Satoshi Club: And I can assure you have we some great minds at work here 😁

Nate: maybe can start competion for the best index ideas? a lot of interesting things that could be done!

Paul Mont | Satoshi Club: That would be amazing!

Paul Mont | Satoshi Club: We’ll see what we can do! 😉

Paul Mont | Satoshi Club: Time for the next question now! Are you ready?:)

Nate: sure lets go ahead

Q4 from Telegram User @thisistoyin

About your liquidity mining, i understood that

Cook Protocol launched a liquidity mining programs on Ethereum, Binance Smart Chain and Huobi Eco Chain to build up liquidity on the decentralized exchanges on the three blockchains. Can you explain how users can stake the LP tokens on the liquidity mining pool to start earning the $COOK tokens? And why does LP tokens have to be looked for 14 days before the rewards would be distributed evenly?

Does it have to do with the Batch issues Features you introduce so users would be able to save a lot of gas fees?

And i noticed that i couldn’t find links to your liquidity mining pool on your website, would it be possible for you to share the links for us or they aren’t available yet?

Nate: Yes we have great staking and liquidity mining programs on Cook. Especially with Cook on Avalanche. We actually just launched 3 brand new Avalanche indexes that you can earn even more rewards on top of the the yield bearing rewards availalbe in the indexes.

Avalanche Ecosystem Index – Consists of AVA and top 6 avalanche native projects including Trader Joe, Wonderland, BenQi, Pangolin, Yield Yak and Penguin Finance

Yield Bearing Mega Cap Index – Consists of yield bearing wrapped ETH and BTC

Yield Bearing Stablecoin Index –  Consists of yield bearing USDC, DAI, USDT and MIM

So actually there is no lock up for some of these new ones if you check them out through the link below. As for more information you can check everything on the Staking and Liquidity mining programs that we just launched with the links below.

Nate: Go here to view: https://app.cook.finance/farm

Go here to learn more: https://cook-protocol.medium.com/cook-launches-new-staking-and-liquidity-mining-programs-on-avalanche-e4b3876df9b6

Nate:

Paul Mont | Satoshi Club: Crystal clear, loved the in-depth answer! Pretty sure @Thisistoyin will be just as satisfied!🔥🔥🔥

Nate: Great!

Paul Mont | Satoshi Club: The next one is about Cook Protocol’s logo 😉

Q5 from Telegram User @ItsMelissa3

A few months ago you made the decision to announce a new logo for Cook Protocol. Can you share with us the meaning behind this new logo? How do you interpret the design of the new logo? Why was the old logo changed? What motivated you to make the decision to improve the Cook brand? You didn’t just change the logo, but also the brand in general, the theme and concept, and the Cook Protocol website was also changed. Can you tell us the reason behind these changes? Why did you decide to keep the same name despite all these changes?

Nate: Yes we created a new logo and its meaning is very important. The old logo was based on the navigational theme which didn’t quite take hold but we couldn’t help but notice the community latched onto the Cooking theme of our name quite easily! So we went with it and did a rebrand to really dive into the cooking theme and create a logo that truly represents what the Cook platform does.

So if you look at the Cook logo the two brackets represent both sides of the Cook platform. On the left side we have those who we like to call the selectors of indexes and on the right side we have those who are the creators of indexes. Then in the middle the two sides come together and the platform “Cooks” up with heat, amazing opportunities for both sides 🙂

Nate:

Paul Mont | Satoshi Club: Beautiful 🤩

Paul Mont | Satoshi Club: Cudos to your designing team! 🥳

Nate: Thank you!

Gold Rocket | Satoshi Club: flexibility and ability to listen to the community is the key to success in crypto👏👏👏

Gold Rocket | Satoshi Club: Thanks for your great answers

Nate: of course!

Paul Mont | Satoshi Club: I concur, great! Thank you very much! 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 @Cheriemike

A community of entities holding the COOK token governs the Cook Protocol. These holders have the right to initiate strategies and vote for adjustments on the protocol and these parties will at least hold up to 1% (1,000,000)of COOK total supply before they can submit a governance proposal for changes to be made on the platform.Isn’t this huge?How about users who might be interested to also participate in your governance voting but do not have up to that amount?Shouldn’t you consider having a minimum amount of COOK token for voting?How about those who wish to delegate their votes,how will they do that? Please explain Thanks.

Nate: Yes that’s a great question. So COOK is required to participate in the DAO. This is important to make sure that anyone who makes an official CIP or Cook Improvement Proposal is vested in the the success of Cook. While it may be high for some individuals to send through a CIP, anyone can participate and discuss any topic in the DAO. If there’s enough community support for a new idea there are quite a few COOK holders who meet the minimum requirements for submitting a CIP who are actively participating and it’s very possible that they might just propose an idea that has a lot of community support! So please participate if you have a great idea!

Paul Mont | Satoshi Club: A great opportunity to get involved with an amazing project, Satoshi Clubbers 👆😁

Paul Mont | Satoshi Club: Hopefully great ideas will also be rewarded 😉

Gold Rocket | Satoshi Club: Thanks for your great answers and this amazing first part of AMA

Nate: Sure thing!

Paul Mont | Satoshi Club: Yes! It has been a great time and now we must proceed to interact with our dear users into the live segment.

Paul Mont | Satoshi Club: A flurry of question is about to be unleashed! 🌪 I hope you are you ready @nate2x 😁

Nate: Cook – Links

Twitter – https://twitter.com/cook_finance

Telegram – https://t.me/cook_english

Discord – https://discord.gg/YQtzkrUSuh

Medium – http://cook-protocol.medium.com

Website – https://cook.finance

DAPP – https://app.cook.finance

Farm – https://app.cook.finance/farm

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Ratash97

What are the compatible wallets that cook plateform support so users can get started ?

Nate:

Here are all the compatible wallets that you can use on Cook

Q2 from Telegram User @meml97

 I read that 4 days ago, Cook Protocol announced the launching of their New Staking and Liquidity Mining Programs on Avalanche, can you tell us more about this new programs? Why did you decided to launch these two programs on Avalanche? Are there any benefits users get from this Programs being on Avalanche instead of any other chain like BSC or Cardano? Will the rewards for this staking pools be in COOK or will they be in Stablecoins? How many APY % will this staking pool have and can it be adjust if that’s what investors want? Also, once the APY % start to decline because of the amount of index tokens being staked, how do you plan to stabilized the target APY of this pools? What kind of mechanisms will you implement to offer to people pools with a target APY stable and appealing?

Nate: Yes Avalanche is a great Layer 1 with very low gas feeds and fast transaction times so these are two huge benefits for anyone who is looking to get into DeFi Indexes. If you want please read more about it here to learn how to get started with Cook on Avalanche

https://cook-protocol.medium.com/a-defi-index-guide-for-avalanche-576b222bae7e

Q3 from Telegram User @isabella_blackk

Can you talk about the main goal and mission of Cook Protocol that it wants to achieve in today’s market? Where do you see Cook in the future, what makes you believe that Cook can stay in the market for a long time?

Nate: Yes the mission of Cook is to make the world of DeFi Indexes easier for everyone. We want to enable anyone to get into the amazing world of crypto through DeFi Indexes. These indexes make it much easier for any one to get into the space with out having to spend countless hours researching thousands of tokens. Everyday our team is building out new features and improvements to make the platform even better so we believe that we are only just starting a very long journey to build the best in class DeFi Index platform for the world.

Q4 from Telegram User @FORWARD_98

WHILE YOU  Build Your Project , Do  YOU  Take  into  Account  Community  feedbacks  And  Demands? While  YOU  Build  YOUR  Project , Do  You  Take  into  Account  Community  Feedbacks And  Demands?

Nate: Yes, community participation is so important for Cook. We constantly get feedback from many channels and every bit of it helps make improvements to the platform. Just at DCentral in Miami the team received so much first hand feedback and suggestions for improvements that it was simply amazing to see such great community support. We encourage everyone to participate with Cook in any way possible! We’re all in this together!

Q5 from Telegram User @JaviSuBs

From which devices can we access Cook Finance, is there a mobile application for ANDROID and iOS systems? Or can we only do it from a PC in WEB version?

Nate: Cook is a fully decentralized application so it can be accessed on virtually any device including smartphones, laptops and tablets. It doesn’t matter what OS you use as it works on all types just through the link https://app.cook.finance. Check it out now and if you have any issues or need assistance please join our telegram and our team would be happy to assist you! https://t.me/cook_english

Q6 from Telegram User @Nonerlike

Does your project has features like DAO for community participation? How can a community participate on your project governance?

Nate: Yes there is a Cook DAO and it can be accessed here https://gov.cook.finance/. We encourage you to participate in new discussions and even propose new ideas! It’s people like you in our community who are eager to learn, participate and contribute that make the platform a success!

Q7 from Telegram User @Pratze

Cook Protocol have Cook Indexes and feature name with Mega Cap Yield Bearing, well this is 1st time i hear about this feature, so how this feature work ?

Nate: Yes so for the Mega Cap Yield Bearing index this index is composed of WBTC and WETH with a yield bearing component through Yield Yak to earn APY on those assets. And if you want to earn even more rewards on top of this you can yield farm and earn extra Cook rewards. All the info on yield farming can be found here https://app.cook.finance/farm !

Q8 from Telegram User @Korryl

its give me attention about new staking program from Cook Protocol on Avalanche, so what new innovation that Cook Protocol Build for the stake system ? also do you have article in Cook Protocol about how we stake?

Nate: Yes please read this article below on the just recently launched Cook Staking and Liquidity Mining programs. It contains all the information that you would need. Also you can go to here to see all the info directly. https://app.cook.finance/farm

Staking and Liquidity Mining

https://cook-protocol.medium.com/cook-launches-new-staking-and-liquidity-mining-programs-on-avalanche-e4b3876df9b6

Q9 from Telegram User @hmdtadel

Since Cook Protocol is a cross-chain asset management, so can you tell us what chains will be supported first in your platform ? and will you be planning to add more later ??

Nate: Yes we originally launched on Ethereum and now we are also on Avalanche. We are always keeping an eye out on new chains to expand the reach of Cook and have had many layer 1s reach out to us. Our approach is a multi-chain approach so Cook can be accessed by the broadest range of users!

Q10 from Telegram User @burshanggal

What is Cook Protocol’s approach for attracting more new DeFi users?

Nate: Our mission is to make getting into the world of DeFi Indexes easier for everyone. While there are many people in the crypto who are quite experienced in trading we also want to bring in new people who have a desire to get into crypto but just aren’t quite ready to do so because it looks soo complicated and daunting. So we are very focused on improving the platform to make it super simple for anyone to get into the exciting world of DeFi. We’re just getting started and we can’t wait to welcome even more people into our community through our Cook platform!

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Cook Protocol. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru

Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners:Cook Protocol Website – cook.finance
Cook Protocol Telegram – @cook_english

We are pleased to announce our next AMA on December 23rd 2021 at 01:00 PM UTC Time: Satoshi Club x Space Misfits

⚠️Click to see the hour
⚠️Total Reward pool: $1000

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Space Misfits Telegram group

We will have the following structure:

Part 1: 200$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 200$/15 users – Open chat for 120 seconds. You can post Max 3 questions. Space Misfits Team will select 15 questions and answer them.

Part 3: 600$ – A quiz about Space Misfits

For more details:
Space Misfits Website – spacemisfits.com
Space Misfits Telegram – @Spacemisfitsgame
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on December 22nd, 2021 at 03:00 PM UTC Time: Satoshi Club Spanish x Venice Finance Spanish

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Satoshi Club Spanish Telegram group
👉 Join Venice Finance Telegram group

We will have the following structure:

Part 1: 50$ /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 50$/5 users – Open chat for 120 seconds. You can post Max 3 questions. Venice Finance Team will select 5 questions and answer them.

For more details:
Venice Finance – @venicefinance
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 SupraOracles and our guest was . The AMA took place on the 21th of December.

The AMA session was divided into 3 parts with a total crypto reward pool of $500

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Pavel P

Hello again, dear Satoshi Club community! We are pleased to announce AMA with SupraOracles.

Pavel P

@jtobkin Hello and welcome to Satoshi Club! How are you doing today?

Joshua D. Tobkin

Things are going really well! Progress on our end has been moving forward at a really good pace.

Pavel P

Great to hear that! Let us start!

Could you introduce yourself and tell us how you got involved in crypto and particularly in SupraOracles?

Andrés M. | Satoshi Club

Nice to meet you Joshua

Andrés M. | Satoshi Club

/ansitpam

Joshua D. Tobkin

Hi, great to be here! I’m Josh, co-founder and CEO of SupraOracles.com. I’ve been in the blockchain industry for about 5 years researching how to scale blockchains. Before that I was involved in SaaS. I transitioned to full time Blockchain in 2017 while in San Fransico.

Our leadership team has been together since early 2018. I met Larron our CTO in Los Angeles and I met Jon our other co-founder in early January 2018 at San Francisco Blockchain week.

Joshua D. Tobkin

I have been in SaaS for over 10 years and was working on a couple of startups in San Francisco related to content digital rights management and food supply chain. Larron was a Senior Engineer at Sony before working with us. Jon was a blockchain consultant in Taipei since early 2017.

In 2018 we decided to create a crypto R&D lab called Unity Chain. There we studied a lot of different blockchain related topics from Layer 1 consensus algorithms, VRFs (verifiable random functions), and even to how IoT and blockchains can be useful. We also built some solutions for projects that had raised a lot of money in 2017 through ICOs but were unable to build their own technologies. That’s how we survived the crypto winter

Joshua D. Tobkin

In 2019 we were invited to Shenzhen by Walmart China to participate in a food safety challenge. Walmart invited 10 teams from around the world to participate. What we presented was a farm-to-table unbroken “Cold Chain” logistics solution that utilized Smart QR codes, IoT sensors, and blockchain to track the IoT data and enable digital payments. This solution allowed the end consumer to guarantee that their food has been handled correctly throughout the entire logistics process.

All of our experience with understanding how to connect data from the outside world into blockchains, our study of other Layer 1 consensus algorithms allowed us to conceptualize a new approach to bringing blockchain level guarantees to any data that we let enter a blockchain. In short, we actually apply Layer 1 security principles to the Oracle Layer.

Our Mission statement is to secure the Oracle layer with Layer 1 consensus security principles to ensure that any data we bring into blockchains have the strongest data correctness guarantees in the industry.

Pavel P

Wow! Huge background and great names involved.

Andrés M. | Satoshi Club

Amazing experience Joshua, we are glad to have a great crypto personality like you with us.

Joshua D. Tobkin

Thank you! it’s been a long ride…

More recently we “graduated” from the Berkeley Blockchain Xcellorator program and are currently in the Mastercard Start Path program with large projects like Avalanche (Avax) etc.

Andrés M. | Satoshi Club

Which features make Supra Oracles different to similar projects?

Joshua D. Tobkin

Mostly our approach. We’re like 100X more secure than most other solutions since we get rid of central points of failure.

While we’re also very fast on the order of 3-5 second refresh rates for finality.

Joshua D. Tobkin

I’ll share a short video before the end of the AMA that on a high-level shares how our secure service works

Andrés M. | Satoshi Club

What about fees? are you cheaper than others as well?

Pavel P

Sure! Our community would love to watch it!

Joshua D. Tobkin

Since we’re “high-throughput,” fees should be cheaper by far. Also, we hope to deploy a stablecoin mechanism so that fees are predictable – we’re exploring a flat-rate fee. 

It’s a major pain point for projects to have to manage multiple currencies that are highly volatile.

Pavel P

I think, it is extremely important today – to avoid price fluctuations

Joshua D. Tobkin

Agreed. We’re definitely really focused on the Developer Experience, to make it simple to plug-n-play while having access to data that has best in industry data-correctness guarantees.

Andrés M. | Satoshi Club

Perfect. Thanks a lot for the introduction, Joshua, ready to proceed with the community questions? we have collected six of them for you.

Pavel P

So, you clearly see the goal and we hope that the path will be quick and and flat!

Joshua D. Tobkin

yes, ready for them

Pavel P

Q1 from Telegram user @Anne_Tim

It is mentioned on your website that Supra Oracles is building a suite of tools for creators, developers, and entrepreneurs. All this would finaly change such industries as Finance (DeFi, price feeds and payments), Gaming (Metaverse, dynamic NFT), marketing, trade and analytics. Could you talk more about each of the use cases mentioned above? Please also explain what are the revolutionary features of Supra Oracles and how would it impact regular users? Thanks!

Joshua D. Tobkin

Happy to share. Give me a moment to type this out pls.

Pavel P

Sure. Take your time!

Joshua D. Tobkin

re: DeFi:

DeFi is going to be transformative in that we can get rid of a bunch of middle-men in the banking industry that don’t really need to be there, thereby, making borrow/lending and Peer 2 Peer models more efficient, streamlined, and efficient.

re: Gaming:

Suppose you want to move an in-game asset around, by utilizing Supra who is focusing a cross-chain middleware Oracle, we can help move assets across networks and across games.

Additionally, in-game performance analytics can be associated to NFT meta-data. Suppose the performance of an in-game item in one Ecosystem can affect how the item is rendered in another. In order to get this performance data, utilizing a credibly neutral Oracle could play an important role.

re: Marketing/Advertising:

Well most of us don’t really love online ads, yet the truth is they are not all that bad. Even Brave Browser is kind of reliant on ads. We think ultimately there will be new ways to monetize with your attention in novel ways… to carefully track engagement metrics a decentralized Oracle service could be beneficial here.

In general, when you can rely on a secure, fast, performant Oracle to provide performance or Analytic data on things, new smart contract capabilities are enabled. Even bringing in data from like who won the Football game is a simple example of this.

Andrés M. | Satoshi Club

Thanks for the complete explanation, congratulations for the innovative project you have created.

Joshua D. Tobkin

Thank you, we hope we can help and secure the multi-chain future.

Pavel P

So, the solution might be used in multiple LIVE data streamers? To make sure the information is provided in real time

Andrés M. | Satoshi Club

Which chains are you based on at the moment? several of them?

Joshua D. Tobkin

That right. We aim to run consensus at the data source directly (at their websockets) and then another round of consensus collecting many data sources into a final result.

Joshua D. Tobkin

We’re going to start with Ethereum and EVM chains initially but since we are blockchain agnostic, we’ll also be providing our services to Solana and other ecosystems. We intend to help bridge the most popular chains all together.

Pavel P

Thank you for your answers! Let’s proceed to the question nr2. Are you ready?

Joshua D. Tobkin

yes

Pavel P

Q2 from Telegram user @iceVermithraxx

Current oracles particularly decentralized oracle are vulnerable to hacking and outside manipulation and this have led to over $120M stolen last year due to DeFi Exploits. Sadly, Most of these issue occur due to lack of transparency, accountability and also Price delay and deviation. I clearly understand how SupraOracle oracle solves the issues of Price Delay and Deviation but Can you explain on How Supraoracle plans to solve my aforementioned issues on security and transparency? Are the prices precision of Supraoracle going to be Open to any entity to ensure full transparency? What are the base protocol layers in Supraoracle to ensure Full Safety of Investors Funds? How would users and investors be able to hold Supraoracle accountable for their actions?

Joshua D. Tobkin

Yes, so Supra is a Proof of Stake network and nodes must stake our token in order to participate. This generates a NodeID for each node.

Then the nodes themselves get randomized into “Tribes” and “Clans”

Clans are size 13 and Tribes can be on the order of 300-500~ nodes each

Each CLAN itself has to perform a DKG (Distributed Key Generation) process, which creates a Clan Level Public Address (or Identity)

We randomly dispatch a Clan to each of our data sources, who run a round of consensus at the data source before that data is sent to our block producer who will await 15 out of 21 data reports. The final value that’ll be used will be the medium value, so that extremeities are not included.

These data reports are fully transparent. We know exactly which Clan signed which data and can fully trace it. Additionally, by having each of the nodes in the Clan itself sign their parital signature with their private key, we can even know what every SINGLE node has signed/submitted.

This video was from our Blockchain at Berkeley Demo Data and shares our technical approach, feel free to take a look and open it up in another browser:

Andrés M. | Satoshi Club

How many tokens people have to stake and where can they buy it?

Pavel P

Satoshiclubbers’ please watch this great explanation video.

Joshua D. Tobkin

Oh I should also mention, currently we have grown to have over 351 partnerships as of today. Some of them include decentralized Insurance projects like InsurAce – so in additon to being secure at the protocol level, just in case, end-consumer can furthermore take our insurance in case of worse case scenerios

Andrés M. | Satoshi Club

Wow, a big amount of partnerships, congratulations

Joshua D. Tobkin

We’re actually in private testnet mode still… still technically in stealth and just coming out of stealth recently.

The token is NOT available for sale at the moment. HOWEVER, for SatoshiClubber’s they can get on our early White List to get the advanced notification when it is released!

Here it is, be sure to join if you’re interested!

https://supraoracles.com/whitelist-invite-satoshi-club/

Andrés M. | Satoshi Club

Oh amazing opportunity, thanks for share it. Satoshiclubbers, take care of this information, great opportunity for you

Andrés M. | Satoshi Club

Well, is time to proceed with the next question.

Joshua D. Tobkin

Prior to the actual public sale, we also intend to do other programs and perks… so be sure to join the list if you’re interested in staying in touch with our project and would like to be one of the first to be notified when we do open up our sale!

https://supraoracles.com/whitelist-invite-satoshi-club/

Joshua D. Tobkin

ok

Pavel P

Q3 from Telegram user @Cheriemike

I read from your website that you have a unique novel vested architecture of “Tribes” and “Clans” that allows for parallel processing via powerful cryptographic primitives,such as Threshold Cryptography.So can you for a moment break this down for a better understanding of how the “Tribes” and “Clans” model works give that they are not referring to any individuals?Can you tell us how this design have brought about security,speed and also cross-chain communication?Can you also share with us how the use of (VRF) Verifiable Radom Function works in your architectural design of “Tribes” and “Clans”?Please provide further details concerning this unique design for the benefits of our community. Thanks

Joshua D. Tobkin

Sure thing.

As mentioned earlier, we randomly organize nodes into “Tribes” and then nodes are randomized further into “Clans”

Tribes are on the order of 300-500 nodes, Clans are all sized 13 each.

For each Clan, we require 2f+1 of the nodes to collect their partial signatures to create a valid Clan Level Threshold signature. In short, we need 9 out of 13 nodes, any combination, to come together to sign together.

In order to enable Threshold signatures, the nodes need to perform a Distribured Key Generation key exchange ritual to create a Clan level Public Key. Also, this DKG threshold signature process is necessary in order for us to utilize the Clan and Tribe’s aggregated threshold signature on proposed blocks as inputs for our VRF (Verifiable Random Functions).

The VRF is what drive our protocol forward non-interactively, which means, nodes don’t all need to communicate and gossip with each other in order to have a “common coin” for randomness. This randomness is fast to generate, does not require an additional round of consensus, and is unbiased and unpreditable.

This ultimately means less communication costs to achieve consensus, to re-shuffle the nodes in our network to new Tribes/Clans, which means more security –  and importantly – SPEED.

Joshua D. Tobkin

This “Nested Architecture” of organizing nodes into Clans and then Clans to form Tribes give us the ability to community across Tribes without having all nodes having to speak to all nodes. Instead, Clans can reach their Clan Level thresholds and then Clans in Tribes can aggregate their Clan Threshold signatures and then we can communicate with each other by sending only our aggregated signature proofs across tribes… which saves a lot of communication overhead.

Less communication overhead to achieve consensus = faster!

Pavel P

Less costs, more security and faster speeds – that’s a dream!

Joshua D. Tobkin

Exactly! Security is always #1 but #2 is Speed and #3 is less costs

Pavel P

Fully agree!

Pavel P

Would you like to add smth or we can move to the question nr 4?

Joshua D. Tobkin

Good here.

Pavel P

Q4 from Telegram User @Modrumz120

From your website, you mentioned that supra oracles  promises improved robustness to network spamming,

MEV attacks, and node capturing from a powerful, state-level adaptive adversary, while maintaining low transaction latency and high throughput. I am curious to know, How does supra oracle work to improve robustness to network spamming and prevent MEV attacks in your eco-system? Can you also elaborate, how those Adaptive adversary works to improve the better functionality of Supra oracles? What are other advantages of supra oracles and what are it benefit in your eco-system and to users? Thank you.

Joshua D. Tobkin

We apply L1 principles to our Oracle model. In some sense, you can actually consider us a L1 with Native Oracles.

We have a deterministic ordering process in which we organize incoming transactions/requests into “Priority Buckets” And then batches/blocks get formed out of these priority buckets.

Since batch/block ordering is actually deterministic, and these are built-into our Consensus Rules, block proposers are not allowed to arbitrarily adjust transactions order to their advantage. It becomes more difficult to manipulate transaction ordering to your advantage, thereby making MEV (Miner Extractable Value) much more difficult.

We have improved robustness to network spamming because we may have several Clans across multiple Tribes (even as many as 20 concurrently in parallel) that can accept inbound requests. There isn’t a single node ever that handle all the load. Transactions get routed to one of the 20 Clan as it begins consensus process.

The core advantages of our Oracle model are:

1. More security

2. Less MEV

3. Fast Finality

4. Easy to plug-n-play

5. Predictable fees

Andrés M. | Satoshi Club

Have you been audited? I mean to assure security to users you should know everythin is ok with your contracts and platform.

Joshua D. Tobkin

Before we go live, yes, we will be audited by several firms. We are already in talks with a couple of European firms, audits shall begin in earnest in early 2022 indeed.

Pavel P

Great! Pretty sure audits will pass well!

Pavel P

Ready to proceed to the question nr 5?

Andrés M. | Satoshi Club

Thanks for the clarification, Jhosua.

We all must do audits in case of the unknown unknowns

Pavel P

Ready to proceed to the question nr 5?

Joshua D. Tobkin

yesser

Pavel P

Q5 from Telegram User @Ecmq10

Hello SupraOracle team. You highlight that your main competitor, Chainlink, averages 120 seconds to reach finality. And it’s really wonderful that SupraOracles is much faster, offering 3-5 second on-chain refresh rates, with full finality. Without a doubt SupraOracle is amazing! What technology does SupraOracle use that makes it possible to achieve this speed? Chainlink is one of the most popular projects, however SupraOracle surpasses it in speed. In what other ways does SupraOracle stand out from the competition? Thank you.

Joshua D. Tobkin

I actually think my response to this elucidates how we achieve our speed:

https://t.me/Satoshi_club/1346211

Less message complexity to achieve consensus = faster response.

Parallel processing by Clans concurrently allow more nodes to be involved in inspecting end results, while not adding more latency (since it’s being processed across many data sources at the same time)

Chainlink has been one of the original Oracles in the space. We’re coming to the table with a new model that is way more secure and decentralized, while also being fast. Competition in the Oracle space is healthy.

While we might not become the biggest Oracle this year, we hope to compete strongly over these next few years. Regardless, we know that helping to mature the Oracle layer is healthy for smart contract platforms, blockchain ecosystems, and the industry as as whole.

Pavel P

You see, the answers are so complete that you cover multiple questions in one shot!

Pavel P

Propose to jump to the last question of Part 1 of our AMA

Joshua D. Tobkin

I try to be thorough!

Joshua D. Tobkin

Let’s go for it!

Pavel P

Q6 from Telegram User @victorogb

Can we talk a little bit more on your client base and partners. Going through the websites and different blog publications, I noticed that these partners and clients are all within cryptocurrency and Blockchain tech, and you really do not have business partners outside this market. Can you let us know why this is so, since SupraOracles intends to change the model and manner at which Oracle services are offered, why don’t you explore markets outside crypto? How do you think you can better adapt Blockchain tech, to suit all models and markets especially those largely concentrated within traditional finance. Do you believe SupraOracles can create efficient, fast and secured oracles that connect both technologies?

Joshua D. Tobkin

So the clear low hanging fruit is the blockchain industry and specifically DeFi.

Nonetheless, we’re part of the Mastercard Start Path Program… and they actually engage, of course, with some of the largest organizations in the world across multiple industries.

They even engage organizations like central banks that are looking to build CBDC (central bank digital currencies). My personal reaction to CBDC is with a bit of caution…

Nonetheless, there are organizations that are looking to understand how CBDCs and Public blockchain ecosystems can interact with each other.

If that happens, Oracles will be useful to provide Foreign Exchange (FX) data for Fiat digital currency, as well as exchange rate data for cryptocurrencies.

Additionally, GameFi and Metaverse opportunites are starting to emerge.

Finally, I have a background in IoT and supply chain management. It is natural for IoT and blockchain smart contract automation to coincide together (we actually shared our early solution to Walmart China before).

I think many industries are going to be re-created from the ground up with blockchain technologies. And smart contracts can just do a lot more when they have access to external real-world data… which require Oracles.

Joshua D. Tobkin

before jumping into the 10 question AMA:

Be sure to also join our SupraOracles Telegram group! We’re not as big as this one, but we’re also growing!

https://t.me/SupraOracles

We’ll be announcing new initiatives there too, like referral programs and giveaways!

https://t.me/SupraOracles

Be sure to join our special SatoshiClubber’s White List too!

—> https://supraoracles.com/whitelist-invite-satoshi-club/ <—

Joshua D. Tobkin

Ok we’re ready for the flood gates to open! Our team will select up to 10 questions from the audience!

Pavel P

So, you know how it works here! Great!

Joshua D. Tobkin

Am ready!

Andrés M. | Satoshi Club

Let’s join, Satoshiclubbers, amazing events are coming for Supra Oracles. Btw, could you share us your roadmap before open the chat for live questions?

Andrés M. | Satoshi Club

Prepare your fingers

Pavel P

Yes, we are going to open a chat for 120 seconds. Please start answering the selected ones once the chat is closed back

Pavel P

Fire, Andres!

Andrés M. | Satoshi Club

Sure, waiting for the roadmap

Joshua D. Tobkin

Alpha Testnet done in Jan

Testnet from Feb-March (early round of audits)

Public sale perhaps around that period…!

Mainnet after passing audits.

Andrés M. | Satoshi Club

Excellent, our best wishes for your coming events.

Joshua D. Tobkin

*Subject to change but at a high level that’s the plan!

Joshua D. Tobkin

Thank you!

Andrés M. | Satoshi Club

Opening the chat in 3

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Gen_Block

Is the project by SupraOracle designated for Professional and experienced person in crypto? As beginner, I feel it is difficult to understand about the project and it’s advantages? Or is there any video available where I can watch on SupraOracle is all about?

Joshua D. Tobkin

Hi Gen,
This video I posted earlier will help break down the technology a bit more.

We are in the middle of creating more videos as we speak! We aim to make sure our technology is easy to understand.

In the mean time, this video is a good place to start! https://www.youtube.com/watch?v=cfDnTCwVYJ4

Q2 from Telegram user @alicandogan9

How does SupraOracles go and enable to automate payments and provide smart contracts with performance data on NFTs? Can SupraOracles make oracles blocks much more useful?

Joshua D. Tobkin

This one is pretty interesting…

Suppose there is a Music NFT… and that there are 3 singers in the Band.With Oracles and smart contracts, we can track how many times its been played and then Oracles can push that data to blockchain smart contracts to automate payouts. This of course is a simplified response but it’s definitely a good usecase

Q3 from Telegram user @satishgmr

Many Oracle Projects find it very hard to keep its Security tight,
When do You plan organise Bug Bounties & Have Auditing of the smart Contract?

Joshua D. Tobkin

During our Incentivized Testnet period, we will have bug bounties and penetration tests. We’ll make sure our rewards for bugs are large too so we can attract a lot of attackers and that we can patch any possible issues. That’ll be a 2 month period likely. Not entirely sure when that’ll begin but its something we want to do!

Q4 from Telegram user @Dino916

How important are Community Validators for SupRaOracles?
Don’t you think that it is expensive to run a validator nodes for most of the oracles?

Joshua D. Tobkin

Decentralization matters a lot. We’re hoping to attract over 1,000 nodes. And in our alpha testnet, we’re actually testing on 2,500 node.
Our nested model allows us to scale. Many Chainlink clusters are only 10-20 nodes

We engage many more nodes in general for our process.

Q5 from Telegram user @Clint_25

Is your project offering any bounties, giveaways, or prizes? Could you possibly send me the details?

Joshua D. Tobkin

es actually…. but not all of them are announced yet….

We’ll have some NFT programs too…

Be sure to also join our SupraOracles Telegram group! We’re not as big as this one, but we’re also growing!
https://t.me/SupraOracles

We’ll be announcing new initiatives there too, like referral programs and giveaways!
https://t.me/SupraOracles

Be sure to join our special SatoshiClubber’s White List too!
—> https://supraoracles.com/whitelist-invite-satoshi-club/

Q6 from Telegram user @RuthOdion

You mentioned that Supra Oracle is Blockchain Agnostic, what are some of the chains you’re currently compatible with? How can I become a Node in Supra Oracle and How are Nodes in Supra Oracle Incentivize?

Joshua D. Tobkin

You’ll have to join our waitlist – we’ll be letting community run nodes during our incentivized Testnet period. We’re going to be focused on connecting to most EVM chains. We’re already internally reviewing Eth 2.0’s cryptographic compatiability. We’re compatable so that’s great! Our network is a Proof of Stake network… when we’re live, you’ll have to acquire our token to stake and register your node.

Q7 from Telegram user @slla1112

What are the exciting milestones in the development of SupraOracles? Can you share your plans for the near future?

Joshua D. Tobkin

We’re more than just an Oracle… we’ll help blockchains communicate with each other to faciliate cross-chain DeFi

Also, we’re aiming to provide a decentralized Automation service — which is a decentralized If This then That service.

Q8 from Telegram user @burshanggal

What kind of business plan
do you use to make money? To exist and operate the project firm, all projects must create cash. What is the most effective strategy to profit from tokens?

Joshua D. Tobkin

Since these are decentralized blockchains, there isn’t a traditional business plan in the normal sense…

However, services in our network will cost fees. There will be fees for our Oracle data, cross-chain communication, our decentalized automation service, and even transactions on our network.

Most of the fees will go to the nodes while some % of the fee may actually be fully burned!

So the good news is… there are some ‘normal’ business models for Supra

Q9 from Telegram user @Nairabox

You talked about graduating from the Berkeley Blockchain Xcellorator program and currently undergoing the Mastercard Start Path program, are these programs targeted at solving specific problems since your approach involves getting rid of central points of failure?

Joshua D. Tobkin

There are some very interesting projects in early discussions… Let’s say, for example… that perhaps Mastercard has acquired a Credit Scoring agency… and perhaps they are interested to see if it is possible to do under-collatoralized Lending. Decentralized Identity solutions are of interest in this manner as well. Furthermore, KYC DeFi is a sector that traditional finance is pretty interested in. I can’t mention anything too much deeper though.

Q10 from Telegram user @Silica432

I Read that Your team has received sizeable grants, credits, and awards of over $1,000,000 USD in total , It IS REALLY GREAT , Will You plese highlight More Points about your Respected TEAM MEMBERS ?

Joshua D. Tobkin

Yes, we’ve applied to many programs… It turns out there is a lot of demand for a more competition in the Oracle space! Some ecosystems are not really comfortable with only one larger player dominating — while knowing their solution isn’t necesssarily the most decentralized or all that secure.

Our CTO left Sony as a senior engineer to join us (we’ve been working together in a variety of capacities for the last 4 years).
CBO Jon was a blockchain consultant prior to teamming up with me in early 2018
And our CSO comes from traditional finance background – but has been in the blockchain space for like 5-6 years himself too.

Others on our team have come from major ecosystems like Dfinity and Consensys, as well as organizations like the London Stock Exchange and more

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:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram –https://t.me/joinchat/nmsF5R2sXCc0MmQ1
Medium –https://medium.com/@SupraOracles
WebSite – https://supraoracles.com/
Twitter-https://twitter.com/SupraOracles

We are pleased to announce our next AMA on December 22nd 2021 at 03:00 PM UTC Time: Satoshi Club x Eron Project

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

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

Part 3: 300$ – A quiz about Eron Project

For more details:
Eron Project Website – eronproject.com
Eron Project Telegram – @eroncoin
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on December 24th, 2021 at 03:00 PM UTC Time: Satoshi Club Spanish x DeHorizon Spanish

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Satoshi Club Spanish Telegram group
👉 Join DeHorizon Telegram group

We will have the following structure:

Part 1: 50$ /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 50$/5 users – Open chat for 120 seconds. You can post Max 3 questions. DeHorizon Team will select 5 questions and answer them.

For more details:
DeHorizon – @DeHorizon
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish