⚠️Requirements: 👉 Join Satoshi Club Spanish Telegram group 👉 Join Kucoin Telegram group
We will have the following structure:
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For more details: Kucoin – @KucoinSpanish Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
Part 1: 50 /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.
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Part 1: 50$ /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.
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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 Whalemap and our guest was . The AMA took place on the 14th 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 Whalemap! Welcome to Satoshi Club
Mary | Satoshi Club
@ArtyomLazarev
@AndyBohutsky are our guests today
Andy Bohutsky
Hello everyone ! Pleasure to be here with you today
Mary | Satoshi Club
Welcome here! How’s going?
Jonah 🏅🎹
| Satoshi Club
Hello Welcome to Satoshi club
Andy Bohutsky
It’s going great, thank you !
Artem Lazarev
Hi everyone ! Super excited to be here !
Mary | Satoshi Club
Hello, happy to e-meet you
Jonah 🏅🎹
| Satoshi Club
We are glad to have you here as well..
Mary | Satoshi Club
Let’s start our AMA
Mary | Satoshi Club
Guys, could you please introduce yourselves and tell us more
about Whalemap
Artem Lazarev
Our names are Artem and Andy. We are a physicist and an architect
with extensive experience in blockchain analytics.
Whalemap is an on-chain analytic tool providing users with
precise, actionable and timely blockchain data.
Mary | Satoshi Club
It’s really necessary for users to have access to this info!
When did you realise that users need this and you can build this project for
them? How much time did it take you to go from idea to Whalemap creation?
Andy Bohutsky
We started out in April 2020 after we realised what a
powerfull tool on-chain analytics is and can be. The idea came from our
personal frustration when trading because we could not find a solution that
visualised data in an actionable and accessible way so we decided to build one.
This lead us to releasing our MVP in June of 2020 and we just continued
building from that point onward.
Mary | Satoshi Club
Yes, personal experience can lead to great ideas
Mary | Satoshi Club
Who are in your team? Is it big?
Artem Lazarev
Whalemap has been blessed with a team of super-strong
engineers in fact. They have previously built an order matching engine for a
centralized exchange, and have worked extensively with data pipelines which is
an ideal match for the technological stack that is needed for blockchain data
processing. We currenlty have 10 full-time engineers working at Whalemap but we
are always looking for new talent to join us
Mary | Satoshi Club
Wow, a team of talented people can do big things!
Mary | Satoshi Club
What is your main goal you want to reach? Let’s say, you
will feel that your mission is almost completed after…
Jonah 🏅🎹
| Satoshi Club
Impressive to know you have Good hands on this
Andy Bohutsky
Mainstream addoption of on-chain analytics.
In the best practices of the crypto community Whalemap’s
goal is to make blockchain data as accessible as possible no matter what
background you are from
Our goal is to make the most reliable, actionable and
comprehensive analytics out there, all while keeping it extremely fast.
Tracking whales, hodlers or how well a particular DeFi token
should perform based on its contract’s underlying fundamentals is something
that you can do by analysing blockchain data and that is what Whalemap is all
about.
Mempool analytics is something that we are working on right
now as we see it as an extremely powerfull tool that will bring a lot of
engemen to on-chain data.
Mary | Satoshi Club
Thank you for your intro guys! Ready to go to the questions
from our community?
Andy Bohutsky
Let’s do it!
Jonah 🏅🎹
| Satoshi Club
Q1 from Telegram user @thisistoyin
During my research on your project, i found out that Whalemap’s native token, $WMP, will be available for public sale on Solstarter, with a fully diluted market cap of 24 million. Can you please tell us about when the public sale is set to commence? And how much would each $WMP be Valued? & in what Cryptocurrency do you accept payments? And i would also like to know if you’ve set up a Minimum and maximum Buying Systems? What is the Advantages of holding your Native Tokens? Would there be rewards for holding $WMP?
Artem Lazarev
Thank you very much for the question. So the public sale is
set to commence on the 20th of December with each $WMP valued at $0.08. The
public sale will allow people to swap $SOL for $WMP only. The cap per person
was also set to $200 with 1250 spots available.
The design of our tokenomics is largely impacted by the fact
that we want to peg the price of our token to the success of the underlying
product – Whalemap Pro.
Thus we are introducing a $WMP token (backbone of the
Whalemap ecosystem) that users can stake in order to get $xWMP that is a
utility token and the only gateway to accessing PRO Whalemap
There will be liquidity mining rewards as well for staking
liquidity on Orca after the launch
Mary | Satoshi Club
Where your sale will happen? Can you provide more details
about it?
Mary | Satoshi Club
It will be only Solstarter?
Mary | Satoshi Club
Btw, do we need to be Whitelisted for it?
Andy Bohutsky
The sale will take place exclusively on Solstarter, in fact the whitelisting has already started.
Thank you for your answers! Ready to move to the next
question?
Artem Lazarev
Lets go !
Jonah 🏅🎹
| Satoshi Club
Jonah 🏅🎹
| Satoshi Club
Q2 from Telegram user @Jmagsss
What’s amazing about Whalemap is its tokenomics, specifically on the the project’s airdrop campaign. Whalemap is planning to conduct a 3-stage airdrop campaign which is has a allotment of 20% of the total token supply. This is a relatively high amount of allocation for an airdrop. Can you please elaborate to us your airdrop campaign structure? Who will be eligible of the 3-stage airdrops? When do you plan to conduct the first drop?
Artem Lazarev
Another great question. The reason why we chose such as huge
allocation is because we are a community based project. So far we have grown
purely organically and we value our users a lot.
Our airdrop will be exclusive to our loyal users that have
joined its journey over the past year and have been using the platform so far.
The stages will be as follows
– First 5% will be airdropped relatively soon when our xWMP
economy goes live on Solana allowing users to stake to yield rewards Q1 2021
– The second 5% will be airdropped relatively soon when our
PRO Whalemap demo goes live
– And the final stage will be a massive 10% airdrop when our
final product goes live
Mary | Satoshi Club
So, are we already late or can still join?
Jonah 🏅🎹
| Satoshi Club
And also can you tell us Who are your exclusive loyal
users.. by this I mean what must one have done to be in this category ?
Andy Bohutsky
Deffinately can still join as the cut off date will be a day
before the airdrop! More details on how to join the airdrop will go live on our
website soon!
Mary | Satoshi Club
Will be the number of users limited or it will be infinite?
Artem Lazarev
Anyone who is registered on our website but those with paid
plans will recieve a higher allocation
Andy Bohutsky
As many users as we will have will be eligible. More details
will be explained on our website, so keep an eye out on that.
Jonah 🏅🎹
| Satoshi Club
Great. We will be on the lookout for this info
Jonah 🏅🎹
| Satoshi Club
Thank you for your answers
Jonah 🏅🎹
| Satoshi Club
Ready for the Next question?
Andy Bohutsky
Let’s go for it
Jonah 🏅🎹
| Satoshi Club
Great
Jonah 🏅🎹
| Satoshi Club
Q3 from Telegram User @victorogb
I understand that you would incorporate a sort of educational and learning guide as part of your overall service offerings, and this will form an integral part of your training and product educational series for your prospective clients. Understanding the relevance of this service, can you elaborate more on this, how would this be ultimately rolled out, and would this educational series be available to all members for free? Finally, can you let us know your projected targets at offering proper data management and utilisation to a fully decentralized market, how far do you think your tools and technology will help to promote actionable & precise data availability, utility and growth?
Andy Bohutsky
Greate Question!
We at Whalemap believe in democratisation of data and a big
part of that is for users to understand how to use it. This is why we decided
that the best way to reach mainstream addoption is to provide such educational
content for free for everyone forever. This is one of the key elements of our
mission!
We already have some beginer courses available at
whalemap.io but we will be adding a lot more content over time.
We are also working closely with Influencers to deliver our
educational content to a wide audience. For example, we will be going on Pomp’s
live show and will continue working with him.
Mary | Satoshi Club
Wow, i see you have access to the best influencers
Mary | Satoshi Club
Btw, do you have any partners?
Jonah 🏅🎹
| Satoshi Club
Giving out such valuable information for Free is commendable
Artem Lazarev
We have partnered with Pomp, Koroush and other influencers
who are famous on-chain analytics and trading education providers.
Mary | Satoshi Club
Congratulations
Mary | Satoshi Club
Thank you for your answers! Ready to proceed?
Artem Lazarev
Sure!
Jonah 🏅🎹
| Satoshi Club
Q4 From Telegram User @UniqueVicky
Whalemap will be introducing a new feature called “WHALE SOPR” (spent output Profit Ratio) a means where users can be able to track profits and losses of Bitcoin Whales. Can you explain more about these feature, how can users track their their profits and losses using SOPR? Will there be any requirements to access this feature? It is mentioned that there will be many Versions of the Whale SOPR which include –long term Holder SOPR(or simply HODLER SOPR)
-Short term Holder SOPR
–aSOPR(SOPR ignoring outputs with a life span)
-Entity adjusted SOPR
-Can you explain in details these Versions of the SOPR? How
are they calculate or determined? Users will need a guide to use SOPR in order
to be able to calculate when they are actually profiting or loosing,is there any
provision for a guide?
Artem Lazarev
Indeed!
First of all, there is a nice medium article explaining how
SOPR can be used and even how its calculated , so that anyone interested is
able to code it up in his free time. Differences between types of SOPR is also
described in the article.
In fact, Whale SOPR is unique to Whalemap, along with a lot
of other charts like Large Wallet inflows that track whale accumulation
clusters and On-chain Volume Profile, which finds supports and resistances very
easily using fundamental blockchain data.
As far as Whale SOPR goes — one of the most alpha signals it
provides is when a sell-off should happen. When Whale SOPR on the hourly peaks
, our backtests showed that BTC’s price falls 24-48hour after.
Mary | Satoshi Club
How many users are already using Whalemode?
Mary | Satoshi Club
And as i see this mode is still in most alpha, when it will
be fully live?
Andy Bohutsky
Around 1% of all of our registered users are on the
Whalemode subscription
Mary | Satoshi Club
Very nice
Jonah 🏅🎹
| Satoshi Club
That should be about how many?
Andy Bohutsky
Our tool is already live but we are building the next
itteration of Whalemap called Pro Whalemap which will include amazing features
like:
Mempool analytics
Address Tagging
Multi-chain support
DeFi Analytics
Dex Integration
Mary | Satoshi Club
Btw, how track HODLers and track Whales features are
different?
Andy Bohutsky
Close to 500 people
Andy Bohutsky
HODLers are wallets that have not moved their coins in more
than 200 days.
Whales are wallets that have a balance of 10K+ BTC
Mary | Satoshi Club
Gotcha
Mary | Satoshi Club
Thank you for your answers! Ready to jump to the next
question?
Andy Bohutsky
Let’s do it!
Jonah 🏅🎹
| Satoshi Club
Q5 From Telegram User @Orlemys
As I understand your purpose is to allow users to track data on various blockchains, including Solana, Ethereum, and Polygon. This is great, but I’d like to know if there are plans of you expanding to other blockchains, especially BSC, but also less known, or less mainstream networks, and their own native platforms and tokens. If so, when is this planned for? Also, can we track ALL data on the platforms you support? Or only select bundles of data? How is it possible to import all of that data? Does it happen in real-time? Can we use your platform for time and data-sensitive activities such as trading?
Artem Lazarev
Analysing blockchains is not an easy task. Even though there
is a plethora of data available on them, it is still hard to get value out of
it and process it as they were not originilly built for that purpose.
Also, since blockchains have different structures it is also
not an easy task to analyse many of them, so we have to use our time
efficiently.
BSC is not in our current plans but its structure is quite
similar to ETH, which makes it easier to bring BSC analytics to Whalemap.
Platform’s native tokens is also super fun analyse and we
will be releasing a demo of that relatively soon with our PRO whalemap demo of
DeFi space. We will be going for ERC-20 tokens first and finding out what types
of addresses are holding these tokens.
Regarding time sensitivity – that is one of our main focuses
with Whalemap PRO. We will be analysing bitcoin mempool in real-time and will
be one of the first to do that
Mary | Satoshi Club
Do you see competitors for yourself in the existing market?
If so, what are you best at?
Artem Lazarev
We are quite a unique project since we are aiming for the
mainstream adoption of on-chain analytics. So far, other on-chain analytics
companies are targeting more of a sophisticated user I think.
Nansen would be the closest competitor for our DeFi space
IntoTheBlock will be the closest in terms of making on-chain
data accessible and understanble to the general public
And very few are going for mempool analytics of Bitcoin so
not much competition in that direction
Mary | Satoshi Club
Blue ocean
Mary | Satoshi Club
Thank you for your answers! Ready for the 6th and last
question from this part?
Jonah 🏅🎹
| Satoshi Club
This gives you a great advantage..
Artem Lazarev
Yes! Lets go
Jonah 🏅🎹
| Satoshi Club
Q6 From Telegram User @Cheriemike
Two of your features caught my attention they are the Mempool Data and Address Tagging.So can you first talk on the Mempool Data?What are the functions and benefits of it?And for the Address Tagging,you said it will enable you to identify what entity is making transactions be it whales,exchanges,miners,OTC desk etc.So what tool enables to be able to know or separate good address from bad?And can users also make use of this feature to enable them to identify a scammer address since phishing scam is rampant! If users can also use it,what will they tag?Please explain Thanks
Andy Bohutsky
Great Question!
There is data in the blocks itself, but before blocks are
mined on the blockchain transactions that are sent by wallet get into the
mempool. They are then picked up by miners, are confirmed and put into a block.
The benefit of analysing mempool data is that you can get
access to transactions and analyse them before they get into a block.
Imagine a whale sending 7000 btc to an exchange and being
abble to see that transaction in real time. That’s a lot of alpha. Not many
services provide access to that data.
Scam addresses and other illicit activity can also be
tracked by using machine learning in your address tagging methods, where this
is the way we are going to be doing it
Mary | Satoshi Club
Wow, this is really cool!
Mary | Satoshi Club
Thank you! Also, guys, could you share your roadmap with our
users, so we will always know what we should expect next from Whalemap and when
Jonah 🏅🎹
| Satoshi Club
This is indeed great
Artem Lazarev
For sure. Here is a nice one with some designer touches on it :))
Mary | Satoshi Club
Thanks for sharing
Mary | Satoshi Club
And now our first part is almost over but live part in
knocking at the door!
Mary | Satoshi Club
Ready for it?
Andy Bohutsky
Can’t wait !
Artem Lazarev
Lets roll!
Mary | Satoshi Club
Let’s go
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Indomiekuy
I know the meaning of “Whale” In cryptocurrency which mean individual that hold large amount of token, but is there any story why choose name “Whalemap” as a project name?
Artem Lazarev
The first chart that we have came up with on our jorney was the whale accumulation cluster chart (“Large wallet inflows”)
The chart shows prices where whale wallet acquired btc that they are currently holding. So in a way, we “map out” whale purchases. Hence the name.
This is the chart that also gave us publicity quite early on on Twitter and is still the most popular chart we have.
Q2 from Telegram user @Zohaya
Will it be necessary to own $WMP in order access Whale Map?
Andy Bohutsky
You will need $WMP in order to stake and get $xWMP that will be used to get access to Pro Whalemap Platform (that includes mempool analytics, DeFi space, address tagging, multi-chain support and DEX Integration).
Regular Whalemap will be accessible through fiat payments but the Pro version is only accessible through xWMP.
Hence by staking $WMP you can essentially farm out a subscirption for Pro Whalemap and get access to leading on-chain data.
Q3 from Telegram user @messilolz
What will be your project priority after sale? Will you do same marketing and work with full dedication like now?
Artem Lazarev
Our biggest priority since the inception of the project is making blockchain data accessible. Doing that through education through key opnioin leaders and continuing our work on improving the product will always be our main focus
Q4 from Telegram user @chinyere2020
I found out that Whalemap provides starter pack courses for interested users. These starter packs courses include; “Blockchain”, “Trading” and “Charts”. Can you give more information about this? Will interested users have to pay for these courses or will users have access to these courses for free?
Artem Lazarev
Our courses have been and will always be free for everyone!
Q5 from Telegram user @JaviSuBs
It has two tokens, the $ WMP and the xWMP token. But how can we get xWMP tokens and what is their role in the Whalemap ecosystem? What is the use of xWMP we can have access to Pro.whale. io, being the holder of the xWMP token?
Andy Bohutsky
The goal behind Whalemap’s tokenomics is making the token’s price reflect how well pro.whalemap is performing (better performance leads to higher token price). Performance of pro.whalemap’s platform is measured in customer acquisition, platform’s usage and in general public’s belief in the platform (ideological performance). If you hold WMP and the platform succeeds — our loyal believers get rewarded.
Overview of mechanics .
There are two tokens — WMP and xWMP. xWMP is the utility token. WMP is the governance and a staking token.
To get xWMP you have to stake WMP.
There is a fixed number of xWMP that WMP stakers are rewarded every block.
More WMP you stake, the higher share of xWMP emission you recieve.
You can then spend xWMP you receive in order to get the pro.whalemap subscription. The subscription’s cost is in fixed dollar terms and costs $1499 per month. So to get the subscription you have to pay $1499 in xWMP equivalent. (If xWMP = 1$ , you pay 1499 xWMP. If xWMP = $1499, you pay 1xWMP).
There is also an API product, where each query costs 0.001$ per query where you also pay in xWMP just like above. The xWMP that gets paid by pro.whalemap users is now our xWMP revenue. Stakers of xWMP will be receiving rewards that come from the xWMP revenue with similar mechanics to WMP staking. Part of the revenue is also burned, and a part is reserved for development. That reserve pool is unlocked and vested after the ecosystem fund vesting stops.
Q6 from Telegram user @isabella_blackk
Does Whalemap provide a trial version or a free trial period to its potential customers to try the service they offer? Do you think Whalemap service fees are cheap compared to today’s market conditions?
Andy Bohutsky
whalemap.io already has a free 7 day Whalemode trial and in order to reflect our mission to make data accessible we are cheaper than our competitors.
Q7 from Telegram user @Wong2008
Is there any fees for using Whalemap’s analytic tools?
Artem Lazarev
Currently, we have 3 tiers of subscription for our regular whalemap.io product
Free – which is absolutely free Standard – where users get access to hodler data Whalemode – the one with all the whale data
You can only pay with fiat for those subscriptions.
For our next product, PRO whalemap, no fiat payments will be accepeted, but by staking $WMP and earning $xWMP, users will be able to farm out a subscription and get access to all of the data absolutely for free
Q8 from Telegram user @captainprice111
Does Whalemap have the infrastructure to instantly provide the data they need to its users and the technology to provide this data traffic? How fast is Whalemap on data?
Artem Lazarev
This is a good question.
PRO Whalemap is being built by a team of former physicists, designers and data scientist and we work hard to make the platform and its analytics as comprehensible, reliable and accessible as possible while not sacrificing precision and quality of data.
Our state of the art technological stack also allows to analyse blockchains and their transactions in matter of microseconds allowing for truly real-time blockchain data.
Q9 from Telegram user @Marcos2002
May I know about the Supported Networks of the WHALEMAP , Is there any plan to Support MULTI Chain so will you do more BLOCKCHAIN Integration in future ?
Andy Bohutsky:
Yes!
Currently we only provide data for BTC but we will be adding multichain support to our Pro version.
Supported chains apart from Bitcoin will be:
Solana
Ethereum
Polygon
Litecoin
and many more to come as we expand.
Q10 from Telegram user @Orlemys
You mentioned Whalemap PRO a few times. Can you explain what is this PRO part of your platform? Would you please go into detail?
Artem Lazarev
A picture tells a thousand words. Great question! Here is the run down of the features that PRO whalemap will include
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
⚠️Requirements: 👉 Join Russian Satoshi Club Telegram group 👉 Join Kucoin 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. Kucoin Team will select 5 questions and answer them.
For more details: Kucoin – @KuCoin_Exchange_New 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 GalaxyFightClub and our guest was . The AMA took place on the 14th 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.
Jonah 🏅🎹
| Satoshi Club
Hello Dear satoshiclubers welcome once again to another AMA
session
Pavel P
Hello and welcome to Satoshi Club, @MxGFC
Jonah 🏅🎹
| Satoshi Club
Our Guests today is from GalaxyFightClub
Jonah 🏅🎹
| Satoshi Club
Welcome to Satoshiclub @MxGFC
Mx
Hey! Thanks for having me, looking forward to answering some questions
Pavel P
How are you doing today?
Mx
Doing great, how about yourself?
Pavel P
We are excited to having GalaxyFightClub here!
Jonah 🏅🎹 | Satoshi Club
We are glad to have you here
Jonah 🏅🎹
| Satoshi Club
Let’s start with an introduction, can you tell us a little
about yourself, how you got into crypto, and how GalaxyFightClub started?
Mx
For sure. My name is Yas (Mx) and
I’m the CMO at Galaxy Fight Club (GFC). Since you mention crypto, I think it’s
important to emphasize that we’re an NFT-centric project. We already sold out
two full 10k NFT collections which are sitting at very stable prices on the
secondary market. The addition of $GCOIN to our project just came natural over
time.
Essentially, we are the first cross-IP, cross-platform (PC+
Mobile) PvP fighting game where holders of different NFT collections can battle
with each other to both win and earn rewards through our play-to-earn
mechanics. Our game has a fast-paced MOBA gameplay that is mobile-native and
similar to Brawl Stars. This means you could fight using a Bored Ape Yacht Club
NFT vs a CryptoPunk (for example).
Mx
Eventually, we want to become the go-to place for any NFT
owner whenever they feel like engaging in any gaming activities (mainly PVP),
perhaps the metaverse of NFT-Gaming.
Jonah 🏅🎹
| Satoshi Club
How many members do you currently have on your team?
Mx
Our team currently consists of a core of 5 leading
team-members as well as 10 fulltime developers. The team has a background in
the mobile gaming industry, we understand the latest in the competitive,
monetization and publishing landscape and can see where the opportunities for
disruption lie. For example Ado, our founder, who has over years of experience
in the mobile-game industry. He advised Fortune 500 companies as an ex-MBBD
consultant before starting Galaxy Fight Club and Dan, our Lead Game Designer,
with over 5 years of experience at OneSoft and VNG. He worked as the lead game
designer previously on Samurai Shodown and was also part of the team that
created Metal Wings, GunPow 3D, AU Mobi and other mobile titles.
Our main focus is the development of the game, which is
currently in closed-beta and will be fully released on Android & iOS in early Q1 2022.
Pavel P
Wow! That’s impressive as background!
Jonah 🏅🎹 | Satoshi Club
This is very Impressive..
Pavel P
Are you all from the same country?
Mx
Our developers are all local, however, the leading
team-members mostly work remotely.
Jonah 🏅🎹 | Satoshi Club
Great… Thank you for the Introduction… And for hinting
us a bit about GalaxyFightClub
Jonah 🏅🎹
| Satoshi Club
We’ve selected some few questions from our Great community
Members are you ready for them?
Mx
Absolutely!
Pavel P
Q1 from Telegram User @Danniblaiz
In order to be able to participate in the IDO, you need to make your way onto the whitelist. And I discovered that there are two ways to get on the whitelist for your IDO: 1) Own a Genesis Battle Pass and the other is 2) Enter the GalaxyFightClub Whitelist Lottery over at Polkastarter. Why have you chosen to provide two systems on how to get users to participate in the IDO? Can a user participate in the IDO through both ways to get whitelisted? How would you ensure that the whitelist process is fair since there is just a limited slot available for qualified winners?
Mx
As I mentioned earlier, we are an NFT-centric project. We’ve
actually been around for many months now and have built our community from the
ground up to over 30k members before even announcing the IDO. People who are
invested in our NFT-ecosystem and who have supported us for many months prior
to the IDO deserve to get an additional option to enter the IDO WL. Hence, the
simple addition of a utility based NFT which will also come with many
additional perks and benefits in the future.
Jonah 🏅🎹
| Satoshi Club
Is the IDO over??
Mx
No
Jonah 🏅🎹
| Satoshi Club
So can you share details of the IDO with us ?
Mx
Absolutely. We’ll be launching on Polkastarter, MoonEdge
& Chainboost, with Polkastarter obviously being the main one with a total
raise of $2.000.000
IDO date is December 20th and the allocation per wallet will
be $500.
Jonah 🏅🎹
| Satoshi Club
Great… Thank you for sharing this info with us.. where do
we head to if we want to participate?
So, the way to participate is to get whitelisted first, am I
correct?
Jonah 🏅🎹 | Satoshi Club
Thank you..
Mx
That’s correct. If you’d like to participate, please make
sure to do so today as our whitelist will be closing tonight.
Jonah 🏅🎹
| Satoshi Club
Thank you for your answers
Jonah 🏅🎹
| Satoshi Club
Let’s proceed to the second question
Pavel P
Q2 from Telegram User @iceVermithraxx
Interestingly, one way of earning using the Galaxy Fight Club(GFC) is by just training 2nd generation fighters and selling them and I understand that training in GFC is what other projects refers to as breeding and these 2nd generation fighters will have different rarities. Can you elaborate on the process Training of 2nd generation fighter in GFC and how users can enroll to train 2nd Generation fighters? Can you explain on the features of 2nd Generation Fighters and the factors that affect the attributes and features they will possess? In line with this, what are the different rarities of 2nd Generation Fighters and how are their rarity determined? lastly, I also want to know if the Prices of 2nd Generation fighters depend on their rarity or other different factors?
Mx
I believe that the price of 2nd gen fighters will definitely
vary depending on many different aspects. Training these fighters will not be
accessible to everyone because of the high barrier to entry. However, it’s
definitely beneficial to own the 2nd Gen
Fighters for obvious reasons.
Other main earning mechanics within GFC will revolve a lot
around the reward system, loot-boxes and trading & forging weapons. We have
the entire earning system displayed within our whitepaper. If you’d like to
dive into the earning mechanics, feel free to check it out – https://whitepaper.galaxyfightclub.com/
Jonah 🏅🎹 | Satoshi Club
This is quite a unique concept, So what are the requirements
for training these 2nd gen fighters since it’s not accessible for everyone?
Pavel P
Who will be able to train them if the entry barrier is high?
Mx
The requirements to training 2nd gen fighters will be
burning one of our Genesis Fighters in addition to 4 weapons. Our Genesis
Fighters are currently sitting around a 0.7E floor, which is why I mentioned
the high barrier to entry. This is certainly going to be a more “exclusive”
aspect of GFC.
I think it’s important to point out that the core game is
going to be free-to-play and the P2E ecosystem can be leveraged even as a
free-to-play user.
Jonah 🏅🎹
| Satoshi Club
Thank you for your answer.. this is clear for me…
Jonah 🏅🎹
| Satoshi Club
Ready to proceed to next question?
Mx
Absolutely!
Pavel P
Q3 From Telegram User @Ajpaa
One of the main ways to earn in the GFC game is through getting loot box key drops, there are 3 different types of keys including: Gold Keys, Silver Keys and Partner Keys. Also each key has a daily limit/cap. How can users get this loot box key drops? What are the rarity or difference between the Gold, Silver and Partner keys NFTs? What is the daily limit for each of them? What are the ways through which this loot box keys can be used to earn or monetized? Which items are in the loot box that the keys open and what are their values?
Mx
Those are some interesting questions.
Jonah 🏅🎹
| Satoshi Club
Oh yeah..
Mx
Essentially, free-to-play users will be earning Silver Keys,
while our native NFT holders will be earning Gold Keys.
Mx
Gold keys will obviously yield better loot than silver keys,
however, it will be possible for both tiers to be traded on the secondary
market.
Mx
Users will get these lootboxes by playing the game and
winning matches.
Jonah 🏅🎹 | Satoshi Club
How about partner keys?
Mx
The Partnered Keys are going to be special and unique in
many aspects. For example, if a user decides to play using a CyberKongz NFT,
they will get loot which is tailored specifically towards the CyberKongz
collection and may come with additional utility even outside of our game &
ecosystem.
Pavel P
That is a very attractive feature. No matter of status,
anyone can get their reward keys
Mx
The cross-IP aspect is what makes our game unique and we
want to make sure that partnered projects will highly benefit from the utility
we provide to their individual projects.
Pavel P
So, that means as much partners you get as more the keys can
be used outside of GalaxyFightClub.
Pavel P
Great answers and great features! Dear community, please
make notes of that.
Let’s proceed to the next question!
Mx
Not necessarily the keys, but rather the loot which can be obtained by using the keys. However, just to clarify – the main benefits and usecase will still be within our game
Jonah 🏅🎹
| Satoshi Club
Thank you for your detailed answers
Pavel P
Q4 from Telegram User @Anne_Tim
The Galaxy Fight Club (GFC) claims itself to be not just an avatar project, but a real-time PvP game to bring together all the other different NFT collections onto one single platform, this means any user can ‘log-in’ with an NFT he/she has already bought and battle with that character. Please explain if users should acquire any additional NFT equipment or addons to be able to fight? Does the fight model also presumes to have any particular skill level for a particular default character? Let say a Mario from the outside of Galaxy Fight Hub will always have a speed level maximized etc.
Thanks!
Mx
As I mentioned above, the core game is still free-to-play.
Therefore, no NFT purchase is necessary in order to play the game and start
earning through our ecosystem. The main benefits of owning our NFTs are special
perks, for example access to special tournaments with several ETH in prizes.
Additionally, our Gen1 Fighters generate 5-15 $GCOIN to their holders on a
daily basis.
Mx
We are working on balancing the game in a way to ensure that skill will make out at least 50% of the determining factors to winning within our game
Jonah 🏅🎹 | Satoshi Club
Skill is an important aspect of Games.. this is a nice idea..
Pavel P
Skills are always important! But not a guarantee of win.
Agree with your approach!
Let’s move further!
Pavel P
Q5 from Telegram User @victorogb
Considering the GalaxyFightClub gaming experience, its stated that you have traded off decentralisation for speed, since your games are much more complex compared to the likes of Axie Infinity and ZED RUN, and would require lots of processing and backrun. Even as this will make player experience much more fluid and faster, can you briefly explain how these tech. advances are seemlessly implemented, and how will this model enable more flexibility with upgrades to gaming UI and functions? Finally, since GalaxyFightClub is a real-time fighting game, wouldn’t this impact considerable on a player’s computing power/energy irrespective of gaming device or media?
Mx
Absolutely. Since our game is fast paced and action driven,
it would be impossible to run it on-chain without significant lag and impact to
the gameplay experience. There’s a model explaining this within our whitepaper,
further elaborating on the blockchain trilemma of decentralization, scalability
and security trade off. We want to make sure our game is scalable and secure
for 100k+ DAU in the future, hence our decision to run the main game off chain,
while still implementing tokenomics and NFT integration.
Mx
In terms of usability – I’m sure that any current phones are
able to run our game.
Jonah 🏅🎹 | Satoshi Club
This is Understandable..
Pavel P
Agree! And that is clear enough. Are you ready to the last
question of Part 1?
Mx
Yes!
Pavel P
Q6 from Telegram User @UniqueVicky
You have mentioned that there will be a RANKING system on Galaxyfight,how does this ranking system works? Who is in charge of calculating points and putting users into ranks? On similar platforms players are put into ranks based on their performance but Galaxyfight is based on the trophies they won,why do you choose trophies over performances? You said ranking give access to higher tier loot and will also be used for entry requirements for special tournaments, please explain the factors which may help players to get a better rank, there are 40 different ranks which are categorized into 8 different leagues namely rookie,bronze,silver,Gold,Platinum, Diamond,Master,and champion.what are the benefits attached to each of these ranks?
Mx
Our ranking system is designed carefully to make sure our
users gaming experience is enhanced. We want to make sure that GFC is a
successful game in a whole and not just a successful P2E game. Therefore, we
are making sure to design the game in a manner that will be appealing for users
to play even if they don’t necessarily focus on the earning mechanics within the
game – and that’s exactly where important game design aspects like the ranking
system come into play.
In regards to the loot, the difference in loot received by higher ranked players will not be game breaking. We make sure to balance things accordingly to keep the game fair and dedicated players happy!
Jonah 🏅🎹
| Satoshi Club
Can you share your roadmap with us at this point?
Jonah 🏅🎹 | Satoshi Club
This is An exciting Idea… We all want games that appeal to
us
Mx
Our current road map was written back in July and we have
wrapped up almost every single point on our roadmap, like the launch of both of
our NFT collections , playable demos, closed beta, initializing $GCOIN
accumulation and much more.
Right now we are looking at launching our IDO next week as
well as working towards a full game release early next year.
However, it’s safe to say that wrapping up our current
roadmap will only be the beginning of our journey moving forward. We have huge
things planned for the future.
Pavel P
Thank you for your great answers during the Part 1 of our AMA, @MxGFC.
We are ready to proceed to Part 2 where our community will
post their questions LIVE.
However, before opening the gates, please share your useful
links
Please wait till we close chat before answering. Thanks!
Q1 from Telegram user @burshanggal
Hello!How will you distribute your tokens to investors and the general public? What will your token’s initial circulating supply be? Do you have any plans to burn tokens to reduce supply and enhance demand?
Mx:
Here’s the breakdown of $GCOIN. We give our community 40%, vested over 3 years. This 40% is the $GCOIN generated daily by our Gen1 fighters. I don’t recall any other P2E game offering this much to their own community! We spent months nailing down our tokenomics, working with industry leading experts, allowing for maximizing our userbase while retaining value of our NFTs. Some of the burn mechanisms include forging, training and opening loot-boxes.
Best tokenomics if you ask me haha
Q2 from Telegram user @Rakshhitx5
Hii ! On your website you have mentioned that Genesis Galaxy Fighters have been sold out. So when we will get the chance to buy it again?
Mx:
You can still purchase our NFTs on the secondary market (Open Sea) from other holders. We do not plan to release more NFTs at this point in time, so it might be a smart idea to get involved now, especially considering that our full game launch is scheduled soon
Here are some links to our Open Sea collection – OpenSea
Is your whitelisting already ended or is it still available? How can a new comer join your project??
Mx:
People who are interested in getting involved with our project can purchase our NFTs on Open Sea or participate in the upcoming IDO. Our IDO whitelist will close today, so make sure to enter today if you’re interested and participate in our giveaways
Q4 from Telegram user @Mehwi111
Can we play GALAXY FIGHT CLUB for free and on Mobile or with only PC? do I have to buy token or make investment to start playing games?
Mx:
The core game is free-to-play and will still enable you to benefit from P2E mechanics. Therefore, no initial investment is required. The game will launch on Mobile first.
Q5 from Telegram user @RahulAmbani5
How many types of mode are there in the game? I don’t have friends so can I play solo?
Mx:
The main game mode will be our 3v3 team deathmatch. However, our game also features 1v1 modes as well as a battle royale
Q6 from Telegram user @captainpricee
Having sufficient financial resources is the main priority for each project to develop as planned. Can you tell us about the financial activities of your team to run GalaxyFightClub and achieve the goals on the roadmap on time? Can you tell us how your project provides sustainable profit in the long run?
Mx:
Having sold out 2 full NFT collections, we are already sitting on a war chest allowing us to sustain ourselves for at least 36 months. The upcoming IDO will make sure we can keep expanding our team and invest appropriately in both game development as well as marketing.
Q7 from Telegram user @Robotliker1
Many project starts with high impression and marketing but team slowly abandons later and project even gets dead. How can we trust your project is best for long term investment?
Mx:
We’ve already been around for months and show our community full transparency into what we do. I’d suggest joining our Discord and interacting with members who joined our community months back. I’m sure they will all be very happy to share their experience.
Q8 from Telegram user @Phunsuk9999
I Read that the GAME Is Based on the POLYGON Blockchain , May I knkw the Adavantages and benifits of the POLYGON chain , and do you add more Chains also ?
Mx:
The game is cross-chain. Polygon allows us to keep the benefits of being L2 while keeping gas fees to a minimun.
Q9 from Telegram user @Nonerlike
Do you have any partners or ventures backed up? What are your recent achievements and collaboration? Do you have any priorities too in roadmap?
Mx:
Our VCs and private investors will be announced after the IDO. Very big names to be announced
Q10 from Telegram user @Arnavx5
Can people use Bots to play the game? Or you have restricted Bot usage on the platform?
Mx:
No, people will not be allowed to bot.
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:
