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.
Mary
| Satoshi Club
Hello Satoshi Club! We are happy to announce our AMA session with PolkaFantasy! Welcome to Satoshi Club
D.
| Satoshi Club
today our guests –
@AlexPolkaFantasy from PolkaFantasy ; @bensc1 and @jackleeps from PLUTUS VC !
Alex
Hui
Hi! It’s my great honour to be
here!
D.
| Satoshi Club
Hello! welcome!
Mary
| Satoshi Club
Welcome to Satoshi Club! We are excited to have you here today
Alex
Hui
I am so excited to talk to such
amazing community!
D. | Satoshi Club
Likewise! very happy to have you guys here today
Mary
| Satoshi Club
Let’s start our AMA than
Mary
| Satoshi Club
Could you please introduce yourself and tell us more about PolkaFantasy
Alex
Hui
Thanks for the warmth welcome!
Let me introduce myself and the team.
I am Alex, the CEO and Founder of
PolkaFantasy.
PolkaFantasy is the first-ever
Japanese ACG (animation, comic & game) focused NFT GameFi ecosystem.
This ecosystem include more than
one play-to-earn games, NFT marketplace, NFT wallet, and even more game related
services that we will announce. We have a huge vision: to build the best GameFi
ecosystem in blockchain space.
We are quite confident that we
can achieve this. I have been in blockchain industry for many years, and have
been a gamer for decades. I always want to combine the best part of game and
blockchain together to make revolution in game.
With the help of my team, which
comprises ex-COO of Square Enix, ex-CEO of SNK, executive producer at TV Tokyo
etc, we are excited to be able to deliver this exciting gamefi ecosystem to our
community.
Here is a short trailer which
tells our story.
Mary
| Satoshi Club
How long were you working on
PolkaFantasy? Why did you choose ACG for your ecosystem?
D. | Satoshi Club
That quite cool trailer
Alex
Hui
We have been working on
PolkaFantasy since the spring 2021, well before the rise of GameFi bloom,
because our team is a strong believer of good blockchain games.
I think most of you have once
time in your life enjoyed a Japanese animation, comic, or game. But when we
look around the crypto space, we will be surprised to find that most of the NFT
ecosystem only focus on crypto & western arts.
Despite there are fun fan
communities for Japanese ACG (animation, comic. game) culture globally,
ecosystem serving this sector is obviously missing. And a succesful ecosystem
can definitely capitalize on this huge market.
This inspires the whole concept
of PolkaFantasy.
Mary | Satoshi Club
True words, we all enjoyed Japanese animation
Alex
Hui
That’s why we are building
amazing ACG gamefi. And the quality of art will show we are passionate at what
we are doing
Mary | Satoshi Club
I love your trailers so much
D. | Satoshi Club
That’s true! i think your project is one of the kind at the moment which focusing on anime industry in crypto
Alex
Hui
Yes, and we believe we are in the
right direction.
Mary | Satoshi Club
Without any doubts!
Mary
| Satoshi Club
Alex, thank you for your intro! It was perfect! Ready to start with the questions from our community?
Alex
Hui
Yes, I can’t wait!
D.
| Satoshi Club
Q1 from Telegram user @Modrumz120
I read from your website that PLUTUSVC crypto fund invest in Pre-seed and Pre-IDO phases for tokens and/or equity. And that you can also invest up to USD$ 5 million in any projects for equity and with an average size of $500,000.00 for tokens. Do you have any amount restrictions for investing on projects? What’s the maximum amount of money or digital assets you invest on projects? I read also that PLUTUSVC is an active fund with a minimum of 3 projects investment each month. Do you have plans of increasing projects investments per month? How can a user be an investor with PLUSTUSVC? Thank you.
Ben
Cheung
Hi @ Modrumz120 Thank you for the
question. PLUTUSVC is a 200M venture fund based in HK, and we are very glad to
be one of the early supporters of PolkaFantasy!
Regarding you question, we are
very flexible in terms of ticket size, it’s just as described on our website
that we can invest in a single project for any amount up to 5 million US. We
seek investment opportunities across all geographical regions and verticals in
crypto industry.
Mary | Satoshi Club
Ben, welcome here
Ben
Cheung
Recently, we have been focusing
more on Gamfi and Metaverse as we believe they are the next big opportunities
especially when more big gaming developers start to adopt such concept. We
believe also that the potential of NFT is huge, the relationship of crypto
currency and NFT is like their real world comparable as currency and goods,
that’s why NFT is still in their infancy.
Ben
Cheung
Number of investments per month really depends of market condition, I believe most of the crypto VCs tend to invest more while it’s in bull market
D.
| Satoshi Club
If some crypto team interested to work with you, and introduce their project, what steps they should do to reach you?
Mary | Satoshi Club
So, Plutus currently focuses only
on Gamfi projects or it’s only one of several investment directions?
Ben Cheung
They can contact me directly here
on TG @bens1 ☺️ we are always open for discussion !
D.
| Satoshi Club
nice!
Ben Cheung
It’s one of the directions that
we focus the most for the moment, but for sure we also seek deals on other
verticals.
Ben
Cheung
@Modrumz120 you can participate
in private sales with us!
We are currently building our own
community @tenxclub, where we will share exclusive project insight and market
analysis and promote our portfolio companies and any projects that we believe
is with high potential! In the future, we plan to give away PRIVATE SALE
ALLOCATION of our selected investments, welcome everyone to join our community.
Mary
| Satoshi Club
What benefits will your community
members have? Can they potentially participate in your investments?
Mary | Satoshi Club
Oh, you already answered
D. | Satoshi Club
Great! im in
Mary
| Satoshi Club
And one more important question
Mary
| Satoshi Club
Why did you choose PolkaFantasy?
Mary
| Satoshi Club
I was always interested how VCs choose where to put their money
Ben
Cheung
We believe PolkaFantasy has a
truly capable team that is not only familiar with the crypto industry but also
knows exactly their goal i.e. building an excellent Japanese ACG game.
Ben
Cheung
And what’s amazing is that
PolkaFantasy always realises their goal !
Mary | Satoshi Club
I think you’re 100% right
Alex
Hui
Thanks for such kind words. We
aim to bulid the best GameFi ecosystem, and we believe community will witness
soon.
Ben Cheung
I believe the experience and capacity of the team is a key
D.
| Satoshi Club
thank you for great answers! ready for the next question?
Ben
Cheung
Sure
D.
| Satoshi Club
Q2 from Telegram user @Highpee
PolkaFantansy NFT marketplace recently went live and I read that users can several NFT related activities in this marketplace including minting/creating NFTs, buying/selling and earning royalties on NFTs sold. Can you explain how a creator can mint NFT on your marketplace? And since you said this is the first Japanese themed marketplace, does it mean that NFT creations admitted into this marketplace will be limited to capture this preference? Also, creators are allowed to set a royalty of 5 to 15% so that whenever their NFTs are sold, they can earn royalty. Why is the royalty percentage within this range? What will happen if a creator set a royalty percentage outside this range and such content are sold? Will it mean that such creator will only be paid royalty within this range? And is the amount of time royalty can be earned limited or can NFT creators continue to earn it as many times such NFTs are sold?
Alex
Hui
Love this question.
Alex
Hui
Our marketplace has a grand
launch thanks to the overwhelming support from the community.
PolkaFantasy Marketplace is built
with one vision in mind: to be the BEST NFT marketplace for ACGP (animation,
comic, game, pop) culture high-end NFT lovers. Therefore, we have a lot of
plans to make it enjoyable to use.
Right now, the marketplace
supports Ethereum network. It will soon integrate Polygon and BSC so that users
can enjoy low gas-fee NFT minting.
Any creators can create artwork
NFT on PolkaFantasy marketplace. And we try to make it agnostic with a strong
focus on ACGP aspect.
As we value freedom and want to
make it flexible for creators, creators can set the royalty at a value
comfortable to them for all future secondary sales.
For detailed information of how the marketplace work, you can refer to this link: https://marketplace.polkafantasy.com/en/help-center
We are confident that
PolkaFantasy marketplace will soon become one of the go-to NFT marketplaces for
NFT lovers. Our team has plan to improve many aspects of the marketplace and
you will soon see great improvement in terms of usability and user experience.
D.
| Satoshi Club
when approximately we can expect
integration Polygon and BSC networks?
Mary | Satoshi Club
How many NFTs were already created using your marketplace?
Alex
Hui
We are already doing testing on
the system. We expect Polygon and BSC launching in Jan.
Mary | Satoshi Club
Incredible speed
D. | Satoshi Club
Nice, sooon
Alex Hui
We have successfully sold 140 NFT
on day 1. And we believe it’s just a start. With Polygon and BSC integration,
revamp of the UI and UX, we foresee a big jump very soon in activity in the NFT
marketplace.
The marketplace is still in Beta.
In fact, we are so excited that it will attract many NFT creators when we move
out of beta. I think community will love it much!
D. | Satoshi Club
Do you have any censorship on marketplace?
Alex Hui
We value freedom of expression.
At the same time, we need to monitor the marketplace so that it’s
user-friendly.
D.
| Satoshi Club
Gotcha! thank you for answer
Mary
| Satoshi Club
Thank you for your answers! Ready to jump to the next question?
Alex
Hui
Yes!
D.
| Satoshi Club
Q3 from Telegram User @victorogb
With emphasis on PolkaFantasy metaverse lands, you conducted your second land sales 2 months back, and it was only opened to previous participants of your first land sales. Can you briefly shed some light on this past event, how was the overall experience, and why did you opt for such a condition with the land sales? May we also know if you have plans to conduct similar land sales in the future, and how would you make this event open to all? Finally, since the Lands were sold according to the 3 major tiers of; Standard, S Rank, SS Rank, can you briefly elaborate on the basic characteristics and features of these land tiers, what type of rarity and resources do they offer to their prospective owners? Can you also let us know how much of these different land tiers are available?
Alex
Hui
Thanks for this excellent
question.
We have a successful land sale
awhile back and it was a tremendously exciting experience for our team and the
community. We had rounds of land sale on our own platform and a couple of
launchpads. This offers a wide range of options for $XP holders and community
to participate.
We have 5 Tiers of land in total:
Common, Rare, Epic, Legendary and Mythical. Each tier has different utilities,
Common has the standard usage such as clan battle, farming, build houses etc,
whereas the higher tiers have better features and utilities than the lower
ones.
Apart from that, each tier also
includes 3 ranks of land: Standard has 1 tile of land, S has 4 tiles and SS has
9 tiles. The differences between the ranks are not just the sizes but also the
benefits each contain. By holding the lands, users have to benefits of using in
multiple games and even partner games!
Our plan is to build multiple
games in the future. Just as gamers expect AAA game studio will develop many
great games in long run. Therefore, owning a land in PolkaFantasy means that
you can having lands not for only 1 game, but for the whole ecosystem with many
games!
We are working on the land
distribution now, and hopefully they will be available to claim in Jan. We will
tweet about it as soon as we have more details. It takes time because we really
want to build this project for long term success for our community, and we
strongly believe you will agree as you see how our project grow in future.
Here are a summary of utilities
so far.
D.
| Satoshi Club
So as i see rarity of the lands will be play significant role in game
Mary
| Satoshi Club
How much were collected during Land sale?
Alex
Hui
We have a successful land sale
with more than 8M in total.
Mary | Satoshi Club
Wow, even more than in your first sale
D.
| Satoshi Club
what is your future plan
regarding to land sale? are you will be selling lands on regular basis? i mean
maybe once in 3 months or something like this?
Alex
Hui
We won’t carry out another land
sale for at least 6 months so as to maximize the land value for our early
investors. Of course, future land sale will be available but it won’t be too
soon.
We believe community support is
very important. Thus we are always listening to their voice and try to improve
on daily basis. Our team love our community, thus we are working days and
nights to build the BEST GameFi ecosystem for our community. And we believe our
community will love this land system
Mary | Satoshi Club
Great answer
Mary
| Satoshi Club
Thank you, Alex! Ready to proceed?
Alex
Hui
yes~
D.
| Satoshi Club
Q4 from Telegram User @iceVermithraxx
PolkaFantasy Aims to eliminate centralization with implementation of their decentralized system But as per the PolkaFantasy XP Token Contract Audit, i noted that the admin account has the ability to pause the current token contract and also has a mint function that allows authorized account to mint more tokens into circulation (while being capped).I understand the need of the privileged functions for contract operation and maintenance but at the same time the extra power to the owner may also be a counter-party risk to the contract users. Can you elaborate on these privileges of the admin accounts? Why did you decide to keeps these privileges with the admin account especially the mint function? Are decisions regarding the project going to be decided by only the Polka fantasy team? How do plan to win trust of investors with so much privileges still with the Project Team???
Alex
Hui
I love this question because it
shows that you have a deep understanding of blockchain.
First of all, I am a strong
believer of blockchain. Therefore we want to create an ecosystem that is
decentralised. At the same time, I believe security is utmost important to
community. Therefore, sometimes we need to make hard decision to balance our
belief and security for our community.
In PolkaFantasy, the minting
address is controlled by multi-sig, thus there is no individual that has the
authority to mint the token by will. And the pause function is there to protect
the safety of the fund. If you look closely, you will understand that we have
minted just enough token so that the risk of exposure was kept minimum. No one
has the power to mint and transfer fund without the team’s knowing.
As an upcoming blockchain game,
there are a lot of factors which may affect the final game tokenomics. Thus our
model allow the maximum flexibility to maximise the play-ability for our
community. By not minting the token too early, this will ensure that our game
tokenomics are well designed and will run for long.
Our vision is to build games
which are popular for YEARS, not months! Therefore, we put much focus on the
long term success. Security is one core factor which is essential here. With a
close collaboration and decentralization of minting power within the team, we
can capiltalize on the strength of decentralizetion and minimal centralization.
The best of both worlds.
D.
| Satoshi Club
can you tell us about in-game
utility of XP token? is it have any governance functions as well, outside of
the game?
Alex
Hui
Yes, sure
Alex
Hui
As for XP token, it is a true
governance token. Some examples of its usage:
1. Vote your favorite artists to
give them more exposure.
2. Get discount of NFTs with $XP
3. As a reward to platform users.
4.Use it as in-game currency.
5.As fuel to make some amazing
things in the marketplace and games (we cannot disclose any further at this
moment)
In fact, we have a lot of
utilities of $XP up the sleeves. And this will create a huge demand for $XP in
short/long term.
Imagine $XP is an ecosystem
token. You can see that all ecosystem token will go up in long run. Like many
centralized exchange token.
We look up to Axie Infinity (last
Nov, their token was just about $0.12), and want to make huge success and
rewards for our community. So, your support is important to us, and we believe
we can be successful together.
Mary
| Satoshi Club
A lot of incentives to hold $XP token
Mary
| Satoshi Club
Thank you for your answers, Alex! Ready for the next question?
Mary | Satoshi Club
@AlexPolkaFantasy
Alex
Hui
sure~~
D.
| Satoshi Club
Q5 from Telegram User @Arisabela
Your platform allows users to make real use of NFTs in games for battle and interact with each other, so could you share with us if you have divided your NFTs into classes with specific stats and attributes? How can we guide ourselves on what kind of NFTs to buy to be successful in the game?
Alex
Hui
This is an interesting question.
We have basically divided the
NFTs into 4 rarity now: Common, Rare, Epic, and Legendary.
We would love to integrate a
class/job system in future though it’s too early to talk about it. In fact, we
will have a lootbox sale very soon which focus on our upcoming Heroes. These
characters are designed by leading artists and will illustrate the highest
quality that PolkaFantasy is looking for.
In future, we will have a
dedicated marketplace for in-game NFT. It will be a core component in our
GameFi ecosystem. On one hand, $XP utility will be much expanded in this way;
and other gamefi projects will be able to join hands with us to create a
holistic GameFi ecosystem that we made.
To give you one perspective,
imagine it is an exchange ecosystem focusing on amazing games! Like Binance for
Game. We are making that happen!
Mary | Satoshi Club
i love your NFTs so much, can you show more to our users? It’s so beautiful artworks!
Alex
Hui
These are just some examples.
Mary
| Satoshi Club
XMR is my favourite
Ben
Cheung
We love the artworks too!
Alex
Hui
Our new characters.
D. | Satoshi Club
They are all super cool
Mary | Satoshi Club
It’s impossible not to love them
Mary
| Satoshi Club
Thank you for your answers, guys! Ready for the 6th and last question from this part?
Alex
Hui
Yes!
D.
| Satoshi Club
Q6 from Telegram user @Cheriemike
PolkaFantasy will be having a LootBox Event soon according to your roadmap for Phase 2.So when are we expecting to see this event?Can you elaborate more on what this LootBoxes are?What are the contents players can find in the LootBoxes and with what benefits?Will this LootBoxes be earned every time a player level up in their games or will they have to purchase them?Please kindly provide more details of your LootBox Event. Thanks
Alex
Hui
We will have our lootbox sale
very soon. In less than a month if everything goes smooth (we are building a
lot of things for this event)
The lootbox is a very unique
event because it will include our new characters as you can imagine. And it
will be an event for our beloved $XP holders. I can’t disclose too much here
yet, but this event will see huge use for $XP. And I can nearly say it’s an
event exclusively for $XP.
We want to make sure our events
are always unique, so community will find one-time release of some items as
well. Going onwards, our team is expanding on utilities of $XP on many aspects
and we believe 2022 will be a great year for both PolkaFantasy and $XP!!
Mary
| Satoshi Club
Thank you for your answers! Can you share all your social links for our community, so we can always be updated about your latest news
Alex, it was amazing first part! Very detailed answers! And now live part incoming ready for the storm of questions?
Alex
Hui
Great!!
Mary
| Satoshi Club
Let’s go
Q1 from Telegram user @hmdtadel:
Is there any chance you guys would host tournaments for players to compete against each other for different kind if rewards such as tokens or NFTs ??
Alex Hui:
We will definitely look into the possibility of e-sport! I am a huge fan of games. In fact, I have been a gamer for more than 3 decades, and I know most of the game mechanism by hearts. So e-sport is always in my DNA cos I play many competitive games.
As a holistic game ecosystem, e-sport will be an essential part. And PolkaFantasy will surely be happy to organize exciting events for our beloved users!
Q2 from Telegram user @AugusS7
You point out that PolkaFantasy wallets will unlock the full potential of each NFT collection, but what do you mean by “full potential”, is it only because of the cross-chain functionality it has, or will it have many more innovative features?
Alex Hui
NFT is still in early stage in development. No one has full knowledge of what NFTs are capable of.
As a NFT and game enthusiast, I believe we have many things which can be done with NFT in future. With our full NFT ecosystem, we strive to explore all the possiblities of NFTs. And you will see some with our NFTs in near future. PolkaFantasy aims to provide a unique experience that you’ve never imagined before!
Q3 from Telegram user @Korryl
I already have NFT from PolkaFantasy and sell some of them in OPENSEA, but why the my NFT of PolkaFAntasy not showing in OPENSEA? is there any problem?
Alex Hui
Love this question and thanks for giving us opportunities to answer.
We are aware that some NFTs are not showing the correct data in Opensea as it has a unique way to find NFTs. I think there are two potential issues here:
Auction NFT: Some of our recent auctioned NFTs are not showing and we have already contacted OpenSea to investigate the issue. It seems that they are visible on wallet like MetaMask. We will keep community posted about the issue.
PF NFT: We are looking into some cases that the NFTs are not showing on the platform. We will working with our tech team. More update will be available.
Q4 from Telegram user @Einsteinyl
Could you explain all Heroes that PolkaFantasy have? Also there are 4 new Heroes, what the unique each heroes?
Alex Hui
We are so many heroes upcoming. With our talented art team, we are going to release many new characters in near future. You will soon see our new character Sonia which is one of my favourite (probably my most favorite one!!) She is so gorgeous that you won’t believe how high we aim for our artwork.
Q5 from Telegram user @feranno
How can I invest in the PolkaFantasy project?For those who are not early investors, is your token available on any exchange or when will it be listed?
Alex Hui
We are available on Uniswap and MEXC. Soon we will be have our BSC Bridge so that you can buy it on PancakeSwap as well.
As we are going to make a series of announcement soon, and with our upcoming lootbox event, we believe there will be good demand for $XP in short and mid-term. And with our beta game launch in around April, we strongly believe we will set a very solid foundation for longterm success of $XP.
As a very passionate team of game and experienced team of blockchain, we are confident that PolkaFantasy & $XP will be something you love and proud to be part of it. 2022 will shine for PolkaFantasy and we can’t wait to share more with you!
Q6 from Telegram user @captainprice111
Have you been able to “make your dream that they can buy an NFT from you just by sending your QR codes to any user”? PolkaFantasy team, can you tell us about the “NFT WALLET” development phase?
Alex Hui
The wallet will be available soon in Jan. We are doing some testing on Polygon network.
Q7 from Telegram user @Mehwi111
Most games released on block chain have errors and bug issues which can affect the player experience and they start to lose interest, how will POLKA FANTASY game deal with this issues?
Alex Hui
I totally see what you see.
In PolkaFantasy, quality is very important to us. As I said many times, we are building games that will last for years! Thus we want to take time to make sure everything is correct. And one thing you can rest assure is that, we keep improving. We are a team that will admit mistakes and try to improve on daily basis. We won’t say we know all, but we are willing to learn all we can. Thus we are spending effort to make sure the game come out with nice quality.
We are in fact working with a lot of GREAT game developers/producer to make PolkaFantasy great. And we are not re-skinning existing games, we make it from scratch!
We will soon annnounce something about our game. Stay tuned!!
Q8 from Telegram user @BemHu
What does the official team think about the recent XP price drop? What are the contingency measures? The plan for XP before the game goes live
Alex Hui
I love this question because it gives me opportunies to illustrate what we think.
As an investor myself on many other project, price drop always looks disheartening. However, I believe a success of project cannot be always measured by token price at certain moment.
But as the project owner, our team has the responsibility to make token price healthy, despite sometimes it may be totally out of our influence.
Currently, we are ramping up our marketing effort much. For instance, we will host an event with the biggest Japan crypto media in Ginza In coming 24th & 25th. A lot of marketing effort will be done during the event to maximize PolkaFantasy exposure. And globally we are working with both crypto & non-crypto media as well to increase exposure.
In addition, we are in fact having a LOT of collaboration discussion. These will be surely a great opportunities for new comer to learn about PolkFantasy. Some collaboration will be quite interesting and huge, and we really wait to disclose it sooner.
And as the CEO and founder of PolkaFantasy, I always to learn more what community suggest to make PolkaFantasy greater! Therefore, you can also give our team advise to move the project in awesome direction. I believe, by building the project together with strong belief, we can success together!
Q9 from Telegram user yasai
On the roadmap, the beta release is scheduled for April. Please tell us why you are doing the rootbox in December when there is no immediate use for the character and XP is not integrated with polygon and BSC.
Alex Hui
That’s an interesting question and I really love to give some ideas of our decision making process.
Lootbox has been in plan for long but personally I was hesitate about the timing initially because our beta game will be released in April. However, there are 2 factors that made me want to release the lootbox in Dec or Jan (after BSC integration).
With our new characters, many community members would love to have our NFTs sooner.
Lootbox will be a great opportunities for $XP holders to enjoy using $XP.
But as you have observed. we will release BSC bridge in Jan. Thus our team is still discussing the possibility of how to faciliate the lootbox event in the most ideal form.
Q10 from Telegram user @Xusuo
Right now there are so much new project with GameFi theme, if possible can you mention what are the strength from POLKAFANTASY, what is the unique that other GameFi dont have?
Alex Hui
This is an amazing question.
PolkaFantasy is very unique in one aspect. Our team has a strong connection in game and we are experienced in game industry. Our team is from Square Enix, SNK, and many top tier games/media companies. Therefore, we are going to build a holistic game ecosystem which will have several (or even a lot!) play-to-earn games. This allow huge flexibility for us to utilize the NFTs in an unseen way, And users can interact with others like never before.
For instance, users are not confined to interaction in one game. We have NFT marketplace, games and even some secret stuffs in future to allow users immersed themselve in our Fantasy world.
In PolkaFantasy, we are a team who knows both blockchain and game, but not a blockchain which never build games. Therefore, it really sets us apart from many other projects as we are a truly game/blockchain dev which fully understand and love what we are doing.
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.
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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 MilestoneBased and our guest was. The AMA took place on the 13th 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 Again to another AMA session, this time we will be having our guests from MilestoneBased
Jonah 🏅🎹 | Satoshi Club: @ISava777 and @Iamkaravanets welcome to Satoshi club
Ihor | CEO milestoneBased: hey guys!
Ihor | CEO milestoneBased: pleasure to be here!
Pavel P: @ISava777 @Iamkaravanets .Welcome guys to Satoshi Club!
Pavel P: And we are happy to see you here today!
Jonah 🏅🎹 | Satoshi Club: We are glad to have you here..
Jonah 🏅🎹 | Satoshi Club: How are you doing today?
Ihor | CEO milestoneBased: I’m doing amazing!
Ihor | CEO milestoneBased: In Dubai atm
Jonah 🏅🎹 | Satoshi Club: Great.. I can see you are excited for today’s AMA
Ihor | CEO milestoneBased: how about you?
Jonah 🏅🎹 | Satoshi Club: Oh wow that’s cool
Jonah 🏅🎹 | Satoshi Club: I’m In Nigeria..
Pavel P: Lucky to meet December there, I guess
Sergio Karavanets: Hi everyone! Good to be here! I am stuck in the traffic because of snow. I hope to be with you soon!
Pavel P: So, Sergio is surely not in Dubai
Jonah 🏅🎹 | Satoshi Club: No problem we hope to have you joins us when you are fully ready to
Jonah 🏅🎹 | Satoshi Club: Yeah..
Jonah 🏅🎹 | Satoshi Club: So let’s start our AMA
Ihor | CEO milestoneBased: yeeeeeay!
Jonah 🏅🎹 | Satoshi Club: Can you introduce yourself to us, how you got into crypto and How MilestoneBased came to be?
Ihor | CEO milestoneBased: of course, I will record the video message
Sergio Karavanets: I will help with what I can in the meantime. Make sure you follow our social handles and website to stay updated on the token launch
Pavel P: Great! Satoshiclubbers, please note the useful links
Jonah 🏅🎹 | Satoshi Club: Thank you for sharing
Pavel P: So, how many people are there in the team? All of them based in Ukraine?
Ihor | CEO milestoneBased: right now there are 29 peopple in our slack channel
Ihor | CEO milestoneBased: the core team is on the website, but we also have a full dev team
Jonah 🏅🎹 | Satoshi Club: You were right from the start..
Pavel P: Wow! That’s huge for a crypto project!
Jonah 🏅🎹 | Satoshi Club: You indeed have a Great Background
Ihor | CEO milestoneBased: we are backed by Applicature and Ferrum Network
Ihor | CEO milestoneBased: Still a lot of things to learn though!
Jonah 🏅🎹 | Satoshi Club: So can you tell us what MilestoneBased is all about, and it’s unique features?
Jonah 🏅🎹 | Satoshi Club: Yeah… This is an everlong process.. new things to learn everyday..
Ihor | CEO milestoneBased: of course
Ihor | CEO milestoneBased: MilestoneBased is all about the sustainable financing Based on the milestones achieved
Ihor | CEO milestoneBased: Effectively this is a combination of friendly UI with an escrow smart contract
Ihor | CEO milestoneBased: this combination allows to manage the project’s roadmap and milestones and distribute funding in a way which is secure for everyone participating
Jonah 🏅🎹 | Satoshi Club: Oh now I see where the name comes from..
Ihor | CEO milestoneBased: The world we want to create is the one where investors sleep safely and projects’ founders can find inexpensive capital through clearly identifying their plans
Ihor | CEO milestoneBased: And milestoneBased is a place where they all meet
Jonah 🏅🎹 | Satoshi Club: I’m sure everyone in this space wants that..
Pavel P: That’s a great attitude!
Ihor | CEO milestoneBased: So the ideal scenario is this:
Project creates a roadmap on milestoneBased
Projects raises funds through our partner launchpad
When the pools are closed, and the raise is concluded, funds are transferred on to the projecct’s roadmap on our escrow smart contract
No one has direct access to that contract, not us, not investors, not the community or the project
Investors receive the project tokens
Token holders then use their token balance to execute governance over the project’s roadmap on milestoneBased
Jonah 🏅🎹 | Satoshi Club: This is super impressive
Jonah 🏅🎹 | Satoshi Club: Thank you for the introduction..
Jonah 🏅🎹 | Satoshi Club: We’ve selected some few questions from our community members ready for them?
Ihor | CEO milestoneBased: absolutely!
Pavel P: Q1 from Telegram User @ProwGrowl
As far as I understand, Milestone Based plans to make the process of evaluation 100% automatic to predict future behaviours. This will help investors gain new insights to make correct decisions. This will also help VCs understand the levers of growth performance for reaching monetization faster. In order to guarantee the growth of MB reputation this automatic mechanism must always produce correct decisions. Do you really think it is possible in crypto world where there’s no guarantee on anything? What responsibility will MB keep if the mechanism is not as effective as expected?
Ihor | CEO milestoneBased: Our long-term plans imply usage of AI/ML for data driven investment decisions. This will be in a couple of years for now. Investors will be able to make decision based on the yeears of previous progress made by a certain project.
Ihor | CEO milestoneBased: This process doesn’t necessarily have to be automatic.
Ihor | CEO milestoneBased: If our customers and partners ask us to make it automatic, then we will make it that way.
Pavel P: So, here the background comes to be decisive, right?
Ihor | CEO milestoneBased: And in order to make the mechanism effective, we first do internal testing on our own project with “fake” tokens. Then when we will open close Beta and grow susstainably step by step.
Jonah 🏅🎹 | Satoshi Club: Do you have an Active governance system to include your community members in such decisions?
Ihor | CEO milestoneBased: I didn’t get this though, can you clarify?
Ihor | CEO milestoneBased: Absolutely! community is the centre of the project!
Jonah 🏅🎹 | Satoshi Club: Sure.. great decision btw
Pavel P: If Investors will be able to make decision based on the years of previous progress made by a certain project, the base should be on the project’s history then. How successful it has been so far etc. Correct?
Ihor | CEO milestoneBased: Thank you. We will be able to understand that fully 1 year from now. But this is strategic move.
Ihor | CEO milestoneBased: You are correct. RIght now it is not realized, cause we have more prioritized development items.
But this is for you to understand, that we are here for the long run.
Jonah 🏅🎹 | Satoshi Club: Who are your current partners can you share some names with us??
Sergio Karavanets: Hey! So I’ve made it
Ihor | CEO milestoneBased:
Applicature
Ferrum network
Zokyo
Supercolony
Skyvision capital
Kaishi
Jonah 🏅🎹 | Satoshi Club: Great you came just on time…
Ihor | CEO milestoneBased: heyaaaaa!
Jonah 🏅🎹 | Satoshi Club: Thank you for your great answer
Sergio Karavanets: I see you guys are having a good time
Ihor | CEO milestoneBased: And we have like 30 partner projects that want to utilize it
Ihor | CEO milestoneBased: meaning milestoneBased
Jonah 🏅🎹 | Satoshi Club: Ready to take on the next question ?
Ihor | CEO milestoneBased: bring it on.
Pavel P: Q2 from Telegram User @Anne_Tim
Milestone Based calls itself to be the first company to leverage a blockchain DAO (Decentralized Autonomous Organization) and smart contract escrow capabilities, in an automated governance and milestone achievement management platform. MB helps startup teams be more motivated and focused for strengthened performance. Please talk more about the process of evaluation and acceptance of your customers (startups). Should it be a startup in any particular sphere of crypto? Have you already negotiated with any startup and explain what exactly you did to help them? Thanks!
Pavel P: I think, you have already covered it partially
Sergio Karavanets: Let me take this one
Sergio Karavanets: At the later stage we won’t really filter projects. It’s a community driven platform that is why we develop DAO functionality and multiple voting strategies. Currently we have signed around 30 Memorandums of Understanding with companies who are willing to utilize the platform given to different needs like governance, escrow, roadmap management etc.
Pavel P: That’s clear enough! Let’s move forward to the question nr 3
Sergio Karavanets: sure
Pavel P: Q3 from Telegram User @MudaraSilva
It caught my attention that Escrow Protection is enabled on your platform. Thank you for paying attention to the security of our funds. Although I am familiar with the Escrow concept, I wish to know whether you have introduced any unique features when you use it on the platform. What type of KYC documents do you request from users? Although the Escrow is a great method to ensure the security, we cannot determine a platform as 100% secure just based on the availability of that feature. Thus, please explain what are the additional security features and how do you intervene to recover the funds of the investors if the platform faces any issues.
Ihor | CEO milestoneBased: Let me take this one.
First, in terms of the security, we implement these actions.
Zokyo audit already finished.
We will do 1-2 more audits.
We also plan penetration testing.
Secondly, because we understand that there will be big amounts of money on that escrow smart contract we chose the step by step approach.
We internally test it with “fake” money.
When that is done, we will test it on our own project.
We take 5 partners into closed BETA.
Then we will take more customers.
As per the KYC, it is not required – since we are not Custodians, and the money are not raised on the platform. They are raised outside.
We are always opened to more advice if you have some =)
Jonah 🏅🎹 | Satoshi Club: Great to see how serious you are about the security of users funds
Pavel P: Responsible approach to security and openness to community!
Jonah 🏅🎹 | Satoshi Club: Will the penetration testing be carried out by your team?
Ihor | CEO milestoneBased: yeah, well we are all public
Ihor | CEO milestoneBased: Partners
Jonah 🏅🎹 | Satoshi Club: Great I’m sure you have good hands that will do a Good job in this regard
Jonah 🏅🎹 | Satoshi Club: Let’s proceed to the next question
Pavel P: Q4 from Telegram User @Ajpaa
People who invest in Projects through milestoneBased’s platform will enjoy special safety of funds and also benefit from data-driven insights. Also recently milestoneBased and GOinfluencer signed an MOU focused on revamping the crypto investing model utilizing AI and machine learning. So what special mechanism have you implemented to ensure safety of investors funds? How would your data analytics and machine learning functionality benefit investors and what kind of insight would it grant them? Lastly can you elaborate on the importance this MOU with GOinfluencer to both your ecosystem and users generally and how utilizing AI and machine learning will revamp crypto investing model? Thank you.
Sergio Karavanets: Ofcourse! That’s of the advatnage to be incubated by Applicature. Huge network of experienced guys
Jonah 🏅🎹 | Satoshi Club: Great partnership gives birth to great products..
Sergio Karavanets: let me take this one
Sergio Karavanets: So we envision that having enormous amount of projects data (based on the roadmap/milestone management) allows us to constantly train our machine learning algorythm that eventually will predict projects behaviours and possible scenarious.
Eventually the team will not need to raise funds as system will know when the next round will be required based on the plan, performance, burn rate etc. Such approach will make founders purely focus on A) performance on building relations between project and investors.
Sergio Karavanets: Imagine the world with inexpensive and efficient capital. The world where CEOs and founders focus on the transparent management of their companies instead of constant chase for funding. The world with infinite liquidity where companies get funded based on their past performance and predictive analytics. Imagine that the funding process is based not on the relations and parties thrown, but it’s automated and designed based on an AI machine learning algorithm that knows just fair data points.
Jonah 🏅🎹 | Satoshi Club: Where do you get the data set for pre-training your Algorithm?
Sergio Karavanets: AI milestone is not yet in the place. It’s further down the road. Let us release the platform first
Jonah 🏅🎹 | Satoshi Club: Sure… I’m impressed so far with your solutions
Sergio Karavanets: Sometimes I cannot believe myself we are doing this
Pavel P: And we are eager to see it too!
Sergio Karavanets: oh, wanted to share our socials but this cold cold bot deleted my message =(
Jonah 🏅🎹 | Satoshi Club: The model is Unique.. most project teams focus all their attention on getting funds.. changing this narrative for good is a great idea
Jonah 🏅🎹 | Satoshi Club: Sorry about that.. we had an Issue with the bot earlier on . But it’s fixed now
Sergio Karavanets: Exactly! That’s why we are soooo happy we don’t raise funds
Jonah 🏅🎹 | Satoshi Club: Go ahead and share
Sergio Karavanets: Not sure if you covered this but we have our invstement fund Mempool.ventures. This is how we can maintain such a huge team and can focus on doing things
Jonah 🏅🎹 | Satoshi Club: Thank you for your answers..
Jonah 🏅🎹 | Satoshi Club: Next question is here..
Pavel P: Q5 from Telegram User @ItsMelissa3
In the MilestoneBased roadmap for Q1 2022 I read that you plan to carry out the IDO Launch and DEX listings. Two very important events that the community is very excited about. Do you already know in which month of the first quarter the IDO will take place? Will it be in January, February or March? What details can you share with us in advance? How much will the token allocation be for the IDO? As for the DEX listings, have you already thought about which DEX you will list the token first?
Jonah 🏅🎹 | Satoshi Club: Before answering you can go ahead and share your links..
Sergio Karavanets: Arigato!
Make sure you follow our social handles and website to stay updated on the token launch
Sergio Karavanets: I encourage you guys to subscribe to our socials and fill in the submission form on the web-site in order not to miss the token launch.
Token launch is planned for Q1 2022. Most likely it’s end of february. The IDO/ICO startegy is still in the stealth mode. However we can already uncover the token launch details which is called Power Luanch. It’s inspired by Fair Launch, but adjusted to our vision of it.
So basically no private/public presale. No artificial price split. All are even and the power to decide the token price is purely in the hands of community. So no selling pressure and dumps after the launch. The Manifesto will be released later this week. Stay tuned =)
Jonah 🏅🎹 | Satoshi Club:: Is there a link to the submission form you can share for easy click..
Jonah 🏅🎹 | Satoshi Club: This is the place to go to satochiclubbers
Jonah 🏅🎹 | Satoshi Club: Can’t wait to see the Manifesto
Jonah 🏅🎹 | Satoshi Club: Thank you for your Great Answers..
Jonah 🏅🎹 | Satoshi Club: Are you ready to proceed to the Last Question for this part?
Sergio Karavanets: yo
Pavel P: Q6 from Telegram User @DK177
According to your roadmap, you have plans to create dedicated knowledge sharing hubs in 2022. Can you give a sneak peek of this event? What type of knowledge you are going to share? What are the resources you are going to use? Since you have used the term “knowledge sharing”, I am curious to know whether this will be an interaction among users of MilestoneBased. Do experienced users have to share their knowledge with newbies? Do you offer any rewards for that task? To join these hubs, are their any prerequisites such as holding a certain amount of tokens? Further, how do these knowledge sharing hubs will be beneficial for the development of the platform?
Sergio Karavanets: @ISava777 oh mister I know you have what to say
Ihor | CEO milestoneBased: Sure!
I will give you an example.
Jonah 🏅🎹 | Satoshi Club: Great we love examples..
Ihor | CEO milestoneBased: Token utility implies tiered based access to different features. Hubs included.
But yeah, say you are a project. And you created the roadmap, which worked really well for you. This roadmap can be part of the hub. And when someone uses the same roadmap for their project, you receive rewards in our Token.
And this is just one example, there can be accesses to VCs, partners, analytical data and more resources. All that is to help projects grow!
Jonah 🏅🎹 | Satoshi Club: So this way projects can earn when their ideas are used
Ihor | CEO milestoneBased: Exactly!
Jonah 🏅🎹 | Satoshi Club: Thank you for your Answers…
Jonah 🏅🎹 | Satoshi Club: We will now proceed to the second part of our AMA…. Our members already have their hands on their keyboards I can hear heavy sounds .
Ihor | CEO milestoneBased: Thank you for the questions!
Ihor | CEO milestoneBased: bring it on
Jonah 🏅🎹 | Satoshi Club: They are all eager to ask you their questions directly..
Pavel P: Get ready to the storm!
Jonah 🏅🎹 | Satoshi Club: Opening chat for just 120 seconds after which you will select 10 questions to answer..
Pavel P: Please wait till the chat is closed before answering
Jonah 🏅🎹 | Satoshi Club: Opening chat now
Part 2 — live questions from the Telegram community
Q1 from Telegram user @highpee:
You intend to embark on BETA TESTING which will be based on INVITE ONLY MODE. Who are those that will be privileged to join testing? Are there anything an interested user can do to qualify for an invite in order to reap some early adopter benefits?
Ihor | CEO milestoneBased:
Yes, that is our plan because we need to make sure everything is safe. The best thing you can do is approach us with your project and sign MoU, identifying your intent to use mB. Also make sure to fill in the form on the website. There will be a queue, so the earlier the MoU is signed, the earlier you can start using the platform.We do it this way coming from the security standpoint.
Q2 from Telegram user @Silica432:
In your Website I Read about the DIGITAL SIGNATURE VOTING PLATFORM, Can you please talk more about this Voting Platform and What is the Main Role of this Platform in the Ecosystem ?
Sergio Karavanets:
So yes: digital signature voting platform envision community investor who holds certain amount of project token to be able to participate in the voting and impact the decision of the certain milestones; changes; requests etc. Amount of token hold is the voting power eventually;
Q3 from Telegram user @hansoyeon:
Is MilestoneBased just a “commission” to generate revenue? Could you please explain how your project generates income or its income model?
Ihor | CEO milestoneBased:
Our two main revenue streams are:
Commission. Which by the way can be 40% discounted if paid in our token.
Yield generation using the funds that are on escrow.
More revenue streams will be introduced later
Q4 from Telegram user @Alexajuba:
Can You Provide more details on your Token Economics? How milestone based plans to Provide incentives and Benefits to Holders?
Sergio Karavanets:
So please get yourself acquainted with the tokenomics. As of tokne utility we are finzaizing it as we speak. The incentives to hold milestoneBased token is token staking programs; liquidity staking programs and additional platform utility features we will present later on.
Q5 from Telegram user @Nhairym:
In a previous AMA session they mentioned that the blockchain functionality could not yet be verified, because they were going through an internal testing phase, what is the current status of that or procedure, please tell us according to your roadmap What are your plans and so far what have been your goals achieved and milestones resolved, do you have an event scheduled to close 2021 or start 2022, considering that your platform is under development since 2018, how would you rate its evolution and permanence in the market?
Ihor | CEO milestoneBased:
Good catch. Yes, it is in internal testing right now with “fake” money. We plan to finish this stage by the end of the year, so that we can start closed Beta in January.
We’ve been developing this since 2018 indeed. Although, we had to take pauses sometimes during the crypto winter, because of lack of funds. But we alwys knew that milestoneBased would be a fundamental crypto project, cause it will draw a clear line between scams and decent projects. We’ve closed 30 partnerships, registered the entity, started marketing and left stealth pretty much.
Next is to launch the token and capture the market share. Which is what we have 2022 for
Q6 from Telegram user @cenkkargin0666:
What criteria must the project meet in order for MB to help a startup project? How does MB go about distinguishing whether a project is real or a scam?
Ihor | CEO milestoneBased:
Think about it. The scammer would never use mB, because he cannot run away with cash because the funds are on escrow smart contract
Q7 from Telegram user @smelekin:
Do you work with any of the influencers to promote your project?
Sergio Karavanets:
Yes we do. Our marketing activites include influencers, PR, AMAs, content marketing and certain creative avenues we will be releaseing soon
Q8 from Telegram user @victorogb:
Since the power Launch registration is open to the public, with each investor expected to specify how much they would contribute to this Launch, how would mB ensure this process is transparent, is there a set minimum that can be contributed by a single wallet?
Ihor | CEO milestoneBased:
There is no minimum. We don’t have private sale or seed sale. The token will be listed straight on the DEX, so anyone who wants can go ahead and buy.
Q9 from Telegram user @Orlemys:
You’ve recently released your Roadmap for 7 years, this is really interesting, would you tell us what are the main points to take away from it and what are the biggest milestones you hope to reach? Can you still add or take away from the roadmap? Will it be updated accordingly?
Ihor | CEO milestoneBased:
Absolutely, our roadmap is constantly being revisited. We cannot set it in stone, because market is extremely dynamic.
Q10 from Telegram user @Ajpaa:
How does your roadmap design tool work to provide milestone management and what are the features of this tool?
Ihor | CEO milestoneBased:
Actually, you can already create the roadmap on the platform
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from DeHorizon and our guest was . The AMA took place on the 13th of December
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Gold Rocket | Satoshi Club: Greetings, dear Satoshi Club community! We are pleased to announce AMA with DeHorizon
Robocop | Satoshi Club: And today our guests is – @shengdaddy hello, welcome to Satoshi Club!
Shane Zhu: Hey guys nice to meet you all
Gold Rocket | Satoshi Club: Nice to e-meet you
Robocop | Satoshi Club: Good to have you here guys, how is it going?
Shane Zhu: Im doing very well
Shane Zhu: Super excited to being here
Robocop | Satoshi Club: We are also very excited to do AMA with DeHorizon, so lets start our AMA !
Gold Rocket | Satoshi Club: We are also really excited about upcoming AMA with you
Gold Rocket | Satoshi Club: Introduce yourself please. How did you get to be involved in crypto & DeHorizon
Robocop | Satoshi Club: Like a boss
Shane Zhu: My name is Shane, founder of DeHorizon, I’ve been in the crypto since 2017
Gold Rocket | Satoshi Club: Tell us please about your position in DeHorizon
Gold Rocket | Satoshi Club: Oh
Shane Zhu: Founder lol
Robocop | Satoshi Club: By the way, how big are your team ?
Gold Rocket | Satoshi Club: You read my mind
Shane Zhu: we have 60 ppl cross the globe
Robocop | Satoshi Club: thats really big team
Gold Rocket | Satoshi Club: And give us a brief introduction to the project. What is the essence of DeHorizon
Gold Rocket | Satoshi Club: Is your team anonymous?
Shane Zhu: ofc not, all really ppl haha
Shane Zhu: DeHorizon is a metaverse game ecosystem, where players can co-create, socialize, entertain and even earn with peer avatars. The long-term vision of DeHorizon metaverse is to create a virtual carnival open to all metaverse inhabitants across multiple chains, that lets players enjoy a second life.
Robocop | Satoshi Club: Blockchain Game and Metaverse is very popular segment of the crypto market. You are in trend
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 DeHorizon
Shane Zhu: Currently, team battle DeVerse, battleroyale DeTournament and Dragon-racing DeQuidditch are under development. DeVerse is planned to launch on Q1, 2022, which is coming soon absolutely!
Robocop | Satoshi Club: actually we have question about this later from community
Gold Rocket | Satoshi Club: Wow!
Shane Zhu: I guess i made that answer ahead of time
Gold Rocket | Satoshi Club: Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?
Shane Zhu: let’s go
Robocop | Satoshi Club: Q1 telegram user @Tobias_JSJX Considering that DeHorizon plans to function immersively as a second life, are there any limitations by region, language or age whereby we cannot play? What are the requirements to be able to start playing DeHorizon? Will there be language servers or how will communication with other players work? Is there a minimum age requirement? Do you have to know much about NFTs to start playing? Is there currently an active DeHorizon community? If so, how can we become part of it?
Shane Zhu: lot question in one.
Shane Zhu: Considering that DeHorizon plans to function immersively as a second life, are there any limitations by region, language or age whereby we cannot play?
Shane Zhu: No limitations by region, currently only have english version
Shane Zhu: What are the requirements to be able to start playing DeHorizon?
Shane Zhu: new a computer and one hero to start
Shane Zhu: Will there be language servers or how will communication with other players work? I
Shane Zhu: we do have diffrenet language group in our discord
Shane Zhu: Is there a minimum age requirement?
Shane Zhu: not really
Shane Zhu: Do you have to know much about NFTs to start playing?
Robocop | Satoshi Club: yes, we can see he really curious and want to start play DeHorizon
Robocop | Satoshi Club: so how do we can get the hero ? do we need to buy or we can get freely when we start the game?
Shane Zhu: u need to buy at least one hero
Shane Zhu: you can own as many heros as you want
Robocop | Satoshi Club: Do all hero same ? or have rarity ?
Shane Zhu: We have five different heros for our DeVerse, here’s the break down
Shane Zhu:
Ranger A slayer in a battlefield. Specialties: slay, soft control.
Alchemist, A survivor-type battlemage. Specialties: reduce speed, reduce damage.
Warrior, A guardian in a battlefield. Specialists: control, reflect damage.
Rogue, A dasher in a battlefield. Specialists: dash, immune.
and the last one Adventurer, A carry in a battlefield. Specialists: area damage, burst damage.
Robocop | Satoshi Club: wow thats really great art
Shane Zhu: thx !
Gold Rocket | Satoshi Club: Thanks for your detailed answers
Shane Zhu: NP!
Robocop | Satoshi Club: Thank you for the detail answer, do you want to add something? or we can go to next question?
Shane Zhu: We can go the next question
Gold Rocket | Satoshi Club: All of them perfect. But it’s my favourite
Shane Zhu: My peronally favourite too
Robocop | Satoshi Club: Q2 telegram user @Ajpaa DeVerse, DeTournament, and DeQuidditch are the different games in DeHorizon platform and each of these different games heve $DVT, $DTT and $DQT respectively as their In-Game Currency. What are the entry requirements for players to participate in DeVerse, DeTournament, and DeQuidditch gameplay and what are the earning and reward opportunities they avail players? How would these different games be implemented and what are the uniqueness or features of each of these games? What are the use cases of these in-game tokens: $DVT, $DTT and $DQT and how can users get them?
DeVerse, DeTournament and DeQuidditch are three different style games. DeVerse is a team battle game. DeTournament is a battle royale game. DeQuidditch is a dragon-racing game.
Shane Zhu: The utility of DVT has been shown above. As for the utility of DQT, DTT, they will be revealed before the launch of the games.
Robocop | Satoshi Club: Quidditch is like game name from Harry Potter
Shane Zhu: yeah, dragon ridding game like Quidditch style
Robocop | Satoshi Club: its mention that you can swap $DEVT to $DVT, so you will have own swap platform?
Shane Zhu: yeah, in our game, u can swap that directly from the game
Robocop | Satoshi Club: thank you for the clear answer, lets go to the next question ??
Gold Rocket | Satoshi Club: Thanks for your answers
Shane Zhu: yeah’
Robocop | Satoshi Club: Q3 telegram user @Arisabela We are all eager to know the news of DeHorizon metaverse 2.0 and DeHorizon Carnival with the new social functions, could you tell us how the Carnival will attract new players within your ecosystem? Will there be a referral system or bonuses for inviting friends to participate? What social options will there be and what economic benefits will there be for the project?
Shane Zhu: We are dedicated to building an autonomous and co-created virtual carnival.
Shane Zhu: We welcome new players here to jointly contribute content, design, tech development and much more!!
Shane Zhu: And yes , we will design a referral mechanism to attract more and more new friends coming to our metaverse.
Shane Zhu: How to play for fun and to earn in DeVerse has been shown above.
Shane Zhu: Soon, we will launch our DAO rules
Shane Zhu: If you join our DAO, you are able to have a lower transaction fee and token sale.
Shane Zhu: And we will launch our yield farming of DEVT soon. Stay tuned!
Gold Rocket | Satoshi Club: how can we join the DAO? are there any special conditions?
Gold Rocket | Satoshi Club: Great infographic
Shane Zhu: By staking our DEVT, but more rule coming soon by next week
Robocop | Satoshi Club: Dont forget to share the new update with Satoshi Club
Gold Rocket | Satoshi Club: how and where can we purchase tokens?
Shane Zhu: ofc!!
Shane Zhu: you guys can go to OKEX, BYBIY, Gate.io to buy our tokens
Gold Rocket | Satoshi Club: Thanks for sharing and clarification
Robocop | Satoshi Club: Thank you for the detail answer
Gold Rocket | Satoshi Club: Sounds good
Gold Rocket | Satoshi Club: Ready to proceed to the next question?
Shane Zhu: yeah
Robocop | Satoshi Club: Q4 from Telegram User @ProwGrowl Passing through your Twitter account I noticed multiple listings passed a few day ago: listing on Okex, Gate Labs and Bybit on December the 10th. This week there’s one more listing planned on Kikitrade. Could you talk more abouth each event? How successful they were so far from participation numbers and the funds collected? Are you planning any additional listings shortly? Would the success of these events accelerate project development?
Robocop | Satoshi Club: just answered but i believe you still can add something
Shane Zhu: Yep. Last Fri was our big day of DEVT listing!!! The detailed events on different trading platforms have been shared on our Twitter. Our trading volume hit 10 million in two days. Our next milestone is to launch our DeVerse in Q1, 2022.
Robocop | Satoshi Club: wow its really big achievement
Gold Rocket | Satoshi Club: Amazing
Gold Rocket | Satoshi Club: Thanks for your great answers
Robocop | Satoshi Club: btw can you share about roadmap with us ?
Shane Zhu: Q4 2021 Update official website V2 List DEVT on CEX Launch DAO and its rules Q1 2022 Release DeHorizon metaverse trailer Release DeVerse gameplay demo Launch DeVerse Alpha List DVT on DEXs Q2 2022 Launch DeTournament Alpha Launch DTT on DEXs Q3 2022 Launch DeQuidditch Alpha Launch DQT on DEXs Q4 2022 Launch DeHorizon Carnival
Shane Zhu: here u go
Gold Rocket | Satoshi Club: Thanks for sharing! Let’s proceed to the next question
Shane Zhu: let’s do it
Robocop | Satoshi Club: Thank you for sharing , so we can start to play on Q1 2022
Robocop | Satoshi Club: Q5 from Telegram User @Anne_Tim DeHorizon confirms its devotion to Web 3.0 principles, enabling players to own digital assets and control their blockchain-based data. In conformity with Web 3.0 principles, DeHorizon metaverse will be governed by DAO. The rules and governance of the DAO are coded into smart contracts on the blockchain and cannot be modified unless the DAO community votes to make changes. A community-driven metaverse is what DeHorizon is building. Please explain why is it so important to delegate the honour to drive the direction of projects’ development to your community? Any why are you convinced the community can make correct decisions to keep it on the top?
Shane Zhu: I suppose the spirit of Web3 is autonomous, self-driven and co-created.
Shane Zhu: If each one in DeHorizon is empowered with great value, they will be highly driven to make the better development.
Shane Zhu: Community opinions and voice are important. That is group power.
Gold Rocket | Satoshi Club: Indeed. Community is the engine of the project
Shane Zhu: yep exactly
Gold Rocket | Satoshi Club: Thanks for your answers
Robocop | Satoshi Club: yes community is important thing
Gold Rocket | Satoshi Club: tell us a little about security
Shane Zhu: hummm what do u want 2 know about security
Gold Rocket | Satoshi Club: have you conducted any audits or hackathons?
Shane Zhu: yeah we do have the audits team called Zokyo for all our smart contract
Gold Rocket | Satoshi Club: And what are the results of the audits?
Shane Zhu: we will do the annoucement soon!
Gold Rocket | Satoshi Club: Don’t forget to share with Satoshi Club
Gold Rocket | Satoshi Club: Thanks for your answers
Shane Zhu: for sure
Gold Rocket | Satoshi Club: Let’s proceed to the next question
Robocop | Satoshi Club: Yes thank you for the clear answer, so let go to last question from part 1?
Shane Zhu: let’s do it
Robocop | Satoshi Club: Q6 from Telegram User @Cheriemike I read from an article about to invest in $DEVT token that,to get invested in a highly anticipated ByBit Launchpool project users will first need to sign up with ByBit and complete KYC Level 1 thereafter users can begin staking USDT from December 7 to December 14 2021.So how can users know the amount of $USDT they need stake,do you have an idea to that or users will have to go to ByBit to get more details on how the amount $USDT they need to stake?How is daily yield for staking calculated?Can you tell us the rewards for staking?Will staking $USDT continue because I noticed that users also need to hold and stake $DEVT,so can you tell us will there be any minimum/maximum amount of $DEVT to hold before staking?Please explain Thanks
Shane Zhu: Here is the guideline for you. https://blog.bybit.com/en-US/post/devt-launchpool-blt8e946356660497d3/
Shane Zhu: u guys can find it here
Robocop | Satoshi Club: Perfect! thank you! article is always a good source of information
Shane Zhu: yep
Gold Rocket | Satoshi Club: Thanks for this amazing first part of AMA
Robocop | Satoshi Club: @shengdaddy we will open chat for 2 minutes after chat will be closed – you can start select questions!
Shane Zhu: im ready !!!
Robocop | Satoshi Club: Please choose 10 best question and answer it
Shane Zhu: LFG
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Rizvi510:
Sir Good Q… Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?
Shane Zhu:
Yes! We will do the DEVT repurchase program starting next week
Q2 from Telegram user @RahulAmbani5:
Hey @shengdaddy.Will you release Beta version before launching the game officially?
Shane Zhu:
yes! we will start doing the internally test from Jan1 -Jan31 and we will pick all our community members to come play with us!
Q3 from Telegram user @jirencrypto:
I understand that in DeVerse, each player needs a Numen and a point card to fight and win. How and where can we get this point card? Does this point card have a certain number of points or does its value increase depending on the amount of points it has?
Shane Zhu:
So each player need a Numen and an in-game ticket. We are planning the next mystery box event. Stay tuned!
Q4 from Telegram user @A_p_2005:
TeamWork is always an important factor for a project.. Strong Team increase community trust in projects.. Can you list some of your Achievements Achieved by your team?
Shane Zhu: Completed Milestones Q2 2021 DeHorizon project founded The initial team (game development, art, marketing) formed Q3 2021 Global marketing campaign begins The first NFT campaign announced with 5k Twitter followers, 2k Medium followers and 4k Discord members $8.5M Pre-A round raising closed, led by Sfermion, Dragonfly Capital and Everest Ventures Group Partnership with American Rapper Tyga announced The first interoperable, editable, evolvable NFT “DeMeta Pass ID” (DeMeta) launched and the latest milestone is our DEVT listing!
Q5 from Telegram user @habibi_ve:
For the fourth quarter of 2021 according to your roadmap you plan to launch DAO and its rules, could you tell us a little about how it will work and how it is structured the DAO DeHorizon? Based on what rules will it be governed? How much $DEVT do I need to join DeHorizon DAO?
The truth is I am a lover of games and cryptocurrencies and I would very much like to work with you that is why I ask: Do you have a form so that people interested in working with you can request to collaborate with you?
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 Annex and our guest was . The AMA took place on the 13th 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
Paul Mont | Satoshi Club: Hello Satoshi Clubbers! Today we are excited to announce our AMA session with Annex Finance!
Paul Mont | Satoshi Club: Today’s guest are @DavidAnnex and @GABRIALF ! Welcome! Great to have you here!
Jonah 🏅🎹 | Satoshi Club: Hello @DavidAnnex welcome to Satoshi Club
David@annex (Will never DM first): Hello
David@annex (Will never DM first): Thanks for having us
Jonah 🏅🎹 | Satoshi Club: Hello @GABRIALF
David@annex (Will never DM first): we are excited to be here as well
Jonah 🏅🎹 | Satoshi Club: It’s a pleasure to have you here..
Gabi (Will Never DM First): Hello Jonah
Gabi (Will Never DM First): Hello Everyone
Paul Mont | Satoshi Club: We’re super excited to know anything about Annex Finance
Paul Mont | Satoshi Club: How’s your day been so far?
Jonah 🏅🎹 | Satoshi Club: Welcome..
David@annex (Will never DM first): It’s all good so far, this week will be very exciting for annex and cronos network
Paul Mont | Satoshi Club: Great to read! And we’re here to hear all about the new stuff that’s coming
Paul Mont | Satoshi Club: So, without further ado, let’s start! Would you guys please introduce yourselves a bit?
Paul Mont | Satoshi Club: Please tell us more about yourselves – your past experiences/background, your roles in Annex Finance and also how did the idea for Annex Finance come to life.
David@annex (Will never DM first): Sure thing, as you can tell my name is David, I’m the founder of Annex Finance. we founded this project with my team called agencywolfe (https://agencywolfe.com/) who are specialized in software design and development with a rich experience on DeFi and NFT development experiences.
Annex is our biggest project yet however.
David@annex (Will never DM first): @GABRIALF on the other hand, had been helping me and my team on market analysis also, he is my most trusted partner in crypto space
Jonah 🏅🎹 | Satoshi Club: great to you you and your most trusted partner here with us, how many members are on your team?
Paul Mont | Satoshi Club: I can see from the website that your team has quite the experience and pedigree working in the space – great works!
Jonah 🏅🎹 | Satoshi Club: Yes …the website is very great with unique user interactive designs
David@annex (Will never DM first): where as on project experience, We founded Agency wolfe back in 2016 with our work portfolio on it as well, we had helped built quite a bit of crypto projects in crypto space
David@annex (Will never DM first): Thank you Paul
David@annex (Will never DM first): 20
Jonah 🏅🎹 | Satoshi Club: An impressive number I must say
David@annex (Will never DM first): 4 on front end, including myself, the rest on backend
David@annex (Will never DM first): such as development, market research, business partnership development
Paul Mont | Satoshi Club: Nice! And what about Annex? I know the project’s launch on BSC and then on Cronos has been recent
Paul Mont | Satoshi Club: Please tell us more about this project’s vision and mission.
Paul Mont | Satoshi Club: And by the way, congratulations for being among one of the very first projects launching on Cronos Network!
David@annex (Will never DM first): We want to turn Annex Finance into a one stop shop DeFi platform with Collateralized lending protocol, AMM, IDO launchpad, and NFT on cross chain. The original plan was to initially launch the platform on BSC and then ETH and Polygon shortly after.
But Justin Sun got us in touch with TUSD, and TUSD had been working closely with us and introduce us to crypto.com……and Crypto.com introduce us to Cronos team where they wish for us to push to be one of their biggest Defi ploatform on Cronos network….so that’s why we ended up in Cronos now. We wish to unity the cross chain platform through our protocol by offering lending/borrowing protocol across different chain users. Be the one stop shop of all things DeFi
I hope that kinda answers your question on that
David@annex (Will never DM first): Because of this reason, Cronos team will also be co marketing Annex Finance once lending is LIVE
Jonah 🏅🎹 | Satoshi Club: This is Great.. I’m sure excited to see how far this would go
Paul Mont | Satoshi Club: I would say that word-of-mouth worked wonders in your case guys
Paul Mont | Satoshi Club: And by the way history has quite a record for pioneers in a network: they often tend to become the most established ones in the ecosystem
Paul Mont | Satoshi Club: And I can see from your introduction that the premises look good
Paul Mont | Satoshi Club: Thank you very much for the thorough introduction @DavidAnnex and @GABRIALF !
Paul Mont | Satoshi Club: There are many details that we’d like to flesh out and learn about Annex Finance.
Paul Mont | Satoshi Club: Without further ado, if you agree, we can move to the community questions
David@annex (Will never DM first): we are shooting to be one of the powerhouse in lending/borrowing for Cronos network at the moment
David@annex (Will never DM first): Crypto.com are huge on marketing, Cronos network will receive the marketing they deserve. Cronos reached over $1bil TVL in less then 3 weeks since launch, and we are targeting to be the biggest lending platform on Cronos, like Venus to BSC network
Paul Mont | Satoshi Club: These are outstanding figures… The Crypto.com/Cronos ecosystem is definitely growing super fast. Again, I’m pretty sure most of the value will be reaped by the most professional, value-packed projects in the network
Paul Mont | Satoshi Club: Would you like to add something else? Or shall we proceed to the questions from the community?
David@annex (Will never DM first): Being first on their market will also have great impact on proper exposure.
David@annex (Will never DM first): Please go ahead
Jonah 🏅🎹 | Satoshi Club: Q1 from Telegram User @Arisabela
Without a doubt Annex has taken a big step by becoming the first platform to offer lending/borrowing on Cronos network, but here is the thing … what are the advantages of operating lending in this chain? Currently there are many possibilities … what solutions does Cronos offer in the face of the vast immense number of lending systems in other well-known networks?
Gabi (Will Never DM First): Cronos Chain is just like BSC of Binance, All the successful project on Cronos will get direct exposure of Crypto.com exchange, Crypto Defi Wallet and Crypto.com app which has 10M active users.
Gabi (Will Never DM First): And since we are early into this chain.. we expect a lot of support from both Cronos and Crypto.com down the line
David@annex (Will never DM first): First of all, We launched on Cronos chain because we, as well as our greater community, believes that Cronos network will be just as big as some of the other network out there. We do not know if they will be as big as BSC or ETH network, but being first on Cronos network with their team’s backing it, it could land Annex in the powerhouse of lending like Aave of ethereum or Venus of BSC. We strongly believe with the help and support of Cronos team and our existing community we can achieve this
the biggest advantage of launching on Cronos? We are targeting to be one of the first. With over $1bil TVL on their network, all of these value could be added into Annex platform for greater utilities in their network
Paul Mont | Satoshi Club: Definitely agree – being a first-mover greatly adds to a project’s competitive advantage
Jonah 🏅🎹 | Satoshi Club: It’s exciting to see how you are taking good advantage of your position here… Being the first on Cronos
David@annex (Will never DM first): even tho we started on BSC, I personally believe lending platform on BSC is way too diluted, if we were to grow the platform, we need to expand at the right time with the right product
Jonah 🏅🎹 | Satoshi Club: What other chains will you also integrate with?
David@annex (Will never DM first): As stated on the roadmap, the original roadmap was suppose to be BSC/ETH/Poly
but crypto space is a ever changing world, Cronos wasn’t originally part of our roadmap at all but we some how landed here. I would say we will still try to reach our original roadmap, but should another opportunity arise, we will do everything we can to be known in that market
Paul Mont | Satoshi Club: Roadmaps are meant to give a guide, but being flexible and seize opportunities is a skill that’s part of many projects successes
Jonah 🏅🎹 | Satoshi Club: Having what it takes to keep up with the market trends..is more important than sticking to one path way
Paul Mont | Satoshi Club: We’re on the same page mate
Jonah 🏅🎹 | Satoshi Club: Oh yes..
David@annex (Will never DM first): We are trying to be as up to date as possible
Gabi (Will Never DM First): We are already getting a lot of suggestion from the community for next chain
David@annex (Will never DM first): We really have our community to thank for, we take suggestion very seriously
Paul Mont | Satoshi Club: And yes, I definitely agree that taking in the community’s feedback is another core value for a project’s community-focused, healthy development!
David@annex (Will never DM first): This is not my project, not agency wolfe project, we hope to grow this project with the communities help. Without our community, we would be NO WHERE near where we are now
David@annex (Will never DM first): Our community is not a big fan of the word “soon”, so we try not to release anything unless we know the exact date of release 😀
Paul Mont | Satoshi Club: Great!
Paul Mont | Satoshi Club: Thank you very much for taking care of this. Great answers! Ready for the next question?
David@annex (Will never DM first): Yes sir
Jonah 🏅🎹 | Satoshi Club: Q2 from Telegram User @Antoni_azx
An innovative function that your platform offers is the Automatic Holding Rewards mechanism, as I understand it, the $ANN token holders will be able to earn daily interest in their holding assets. Where do these funds come from? What makes this type of rewards sustainable in your ecosystem? The interest amount varies according to the amount of $ANN tokens you hold? Or how does this work?
David@annex (Will never DM first):
the assets were allocated from whitepaper on day one before it was released
David@annex (Will never DM first): at current emission, we are looking at over 10years before we are fully vested, this is not a short term project by any mean
David@annex (Will never DM first): For the reward pool, once the reward pool runs out of ANN, epoch reward will no longer provide additional token, this is a fresh new concept of proof of stake different from farming, it helps us prevent early user from dumping, creating a more solid liquidity to our platform
Paul Mont | Satoshi Club: So this is an Epoch-based form of incentive for long-holders of your token ($ANN), is that correct?
Gabi (Will Never DM First): yes
Gabi (Will Never DM First): one more advantage of this is investor can still vote on governance without resetting the epoch
Paul Mont | Satoshi Club: Do users have other forms of incentives for interacting with/using the Annex protocol? I saw staking and liquidating farming options as well with quite some juicy APY rewards on your web dApp:)
David@annex (Will never DM first): That is correct, on the 31st day you will be able to claim 6% of your total ANN as reward, everyday after you will earn .2% daily, just keep in mind that if the ANN token were moved out of your wallet at any point, the timer will reset and user will have to wait 30 days again before they can claim
Paul Mont | Satoshi Club:
Sounds like an innovative way to take compounding to the next level, while also taking away any possible smart-contract risk. Cudos guys
Gabi (Will Never DM First): There are five different ways users can earn ANN rewards – 1) Epoch based rewards 2) Single Staking on Farm 3) Provide Liquidity and Stake LP 4) Auto compounding ANN Pool 5) Supply / borrow supported assets on Lending Protocol to earn APY on supplied assets + Distribution reward in the form of ANN token.
Jonah 🏅🎹 | Satoshi Club: You currently have an active governance system?
Gabi (Will Never DM First): Yes we do, we transferred the protocol ownership to community with our first AIP
David@annex (Will never DM first): Yes we do, and ANN is our governance token, we already have 16 vote passed with 100% success
btw, we are about to do another buy back from our AIP-15 vote, so get it before we buy back 🙂
Gabi (Will Never DM First), [13.12.2021 15:53] Any changes on Lending Protocol have to go through the governance..
Paul Mont | Satoshi Club: We also have question down the line regarding the buy-back mechanism
Paul Mont | Satoshi Club: Thank you very much for the in-depth answers @DavidAnnex & @GABRIALF!
Paul Mont | Satoshi Club: The next question probes $ANN’s tokenomics (allocations, distributions) and potential future fund-raises and investment plans
Jonah 🏅🎹 | Satoshi Club: And here it is..
Jonah 🏅🎹 | Satoshi Club: Q3 from Telegram User @rotoxy
You mentioned in your whitepaper that there will be a total limited supply of 1,000,000,000 $ANN tokens, and initial distribution supply of 50,000,000 tokens. How do you plan to distribute this initial supply? What is the allocation for private sales, public sales? Are there VC seed sale allocation and are you planing a fundraise? Also, when are you planning the release of the remaining supply? Lastly, what is the burn mechanisms for this tokens and what event will you introduce to sustain its value?
David@annex (Will never DM first): The initial distribution was done through initial sale, so the distribution is already out on the market, you can see the wallet on bscscan at
currently we do not have any plan to fundraise additional money, but if we do, we will inform community however
Paul Mont | Satoshi Club: And by the way, you’ve partially covered this, by sharing $ANN’s distribution infographics before.
Jonah 🏅🎹 | Satoshi Club: Yes..That’s true..
Jonah 🏅🎹 | Satoshi Club: Btw what is PLPSA for?
Gabi (Will Never DM First): Prior Liquidity Price Speculation Auction
David@annex (Will never DM first): PLPSA stands for Prior Liquidity Price Speculation Auction
as for burn mechanism, currently lending/borrowing platform have around $110m TVL and our protocol is generating money from the platform at around $3-5k a day at the moment, everytime our platform hits $100k we tried to initial a AIP voting to buy back all ANN using the reserve funds. the ANN will then be turned into liquidity provider for our platform and farm token with it, all the farmed token will be burned monthly
Paul Mont | Satoshi Club: Burned monthly… that means a constantly decreasing supply – so we can say that $ANN is a deflationary token?
David@annex (Will never DM first): Currently cronos network have over $1bil TVL which are all qualify for lending, should we ever reach….say $500m TVL from Cronos, we will be generating around $15-20k in reserve daily, the buy back will increase ANN value
David@annex (Will never DM first): Yes
Paul Mont | Satoshi Club: Beautiful
David@annex (Will never DM first): We will buy back ANN, put it in liquidity, those token will not be back in circulation, plus all the burned farm token
Jonah 🏅🎹 | Satoshi Club: This sounds exciting looking at the prospects it has for ANN
Paul Mont | Satoshi Club: By the way, has the smart contract been audited yet?
Paul Mont | Satoshi Club: Nice! Safety is a very felt concern in the crypto space, it’s really great and relieving to read that you’ve aptly anticipated the issue and have already taken care of that
Paul Mont | Satoshi Club: Thank you very much for your answers guys!
Paul Mont | Satoshi Club: Let’s hop onto the next community question, shall we?
David@annex (Will never DM first): ok
Jonah 🏅🎹 | Satoshi Club: Q4 From Telegram User @Ajpaa
One of the core features of Annex Finance is it’s Lending platform where users can Lend/borrow supported cryptocurrencies or digital assets. I also read that both the Lenders and Borrowers will be rewarded with $ANN tokens for using the Lending Protocol. So what are the requirements for a user to be a lender/borrower in your platform and which cryptocurrencies does your lending protocol support? How is the colaterizatio ratio for the lending protocol calculated? Will there be fix timeframe for the lending? Is there a structure to resolve circumstance a user is not able to payback borrowed asset? Lastly how would users earn $ANN token by using the Lending protocol?
David@annex (Will never DM first): There is no requirement for user to be a lender/borrower, you just need to be able to supply the token we support on our platform as collateral, the token collateral % is based on how safe/stable the coin is in terms of price action
if user’s supply collateral dropped below the threshold and borrow too much, and their token all the sudden drop in price, they assets could get liquidated by the automatic liquidation bots, so do make sure you don’t borrow too much
David@annex (Will never DM first): But @GABRIALF will be able to answer this better than I can, I’ll let him answer this one
Gabi (Will Never DM First): Currently we have 18 different assets on Annex, all major assets on BSC chain is available and we will keep on adding new assets based on community feedback. Full list is here – https://app.annex.finance/market
You can find the Collateral CF, Reserves, Liquidity and APYs too
Paul Mont | Satoshi Club: Thank you for sharing the link
Paul Mont | Satoshi Club: What will be the collateral threshold/ratio to maintain in order to avoid liquidation in case of borrowing assets?
Gabi (Will Never DM First): Lastly how would users earn $ANN token by using the Lending protocol? — By just supplying or borrowing assets user can earn ANN reward on top of the native APY
Paul Mont | Satoshi Club: So you will also earn $ANN by borrowing?
Gabi (Will Never DM First): For each assets we have assigned CF, and if the user crosses the borrow limit of 100% the account will get liquidated.
Gabi (Will Never DM First): Yes in the form of Distribution APY (ANN reward)
Jonah 🏅🎹 | Satoshi Club: This is quite unique not many platforms do that..
David@annex (Will never DM first): Part of “proof of stake” concept, reward those who uses the platform which enable more usage
we also have plan to add ANN as collateral supply so users will be able to supply ANN token on our platform to borrow other token such as BNB, just an example….so user can take part in say….binance launchpad without holding any BNB at all
Paul Mont | Satoshi Club: Sounds great
Paul Mont | Satoshi Club: Crystal clear, thank you for the in-depth answers
Paul Mont | Satoshi Club: Question number 5 is knocking at the door. Ready to take it?:)
David@annex (Will never DM first): If you supply and borrow, you will earn ANN in two channel….you can then use the borrowed token to resupply back into the platform and earn even more ANN, this is basically what a overcollateral is
just be careful that you don’t borrow too much or your original investment could get liquidated if your supply token all the sudden had a price drop
David@annex (Will never DM first): yes sir
Jonah 🏅🎹 | Satoshi Club: Q5 From Telegram User @iceVermithraxx
Annex Platform offers Decentralized Auction created to ease the process of launching a new project on the ANNEXSWAP Exchange and Annex supports 5 types of Auctions which include Dutch, Fixed Swap, Sealed Bid, Batch and English Auction but they recommended Batch Auctions for ILO. Can you elaborate more on your Annex Auction? Can you explain on how projects can apply for Annex Auction? What are the keys benefits which Annex auction brings to Projects? Can you also explain on the auction and bidding process and regulations? Can you elaborate on the different types of Auctions which Annex Supports and why the Batch Auction was recommend for ILO?
David@annex (Will never DM first): Batch auction was only designed for initial PLPSA, it was a system that was design to create initial liquidity for the protocol so only the top buyer will be able to purchase the token initial, this is to prevent initial token sell off
at current stage, we are no longer using auction, we are turning our auction page into IDO launchpad instead now
David@annex (Will never DM first): Just keep in mind, the whitepaper was written before the project was launch
Jonah 🏅🎹 | Satoshi Club: Oh this clarifies it then…
Paul Mont | Satoshi Club: So that will probably make you one of the first IDO launchpads in the Cronos Network! When is the IDO platform’s launch planned for?
David@annex (Will never DM first): I believe so
David@annex (Will never DM first): as our main product currently working forward right now is lending, we are mainly focusing on getting lending platform LIVE first, I do not know if there is any IDO platform on cronos at the moment
Paul Mont | Satoshi Club: Clear… and thank you, you’re giving me so many reasons to get involved as an early user with Annex today haha
Paul Mont | Satoshi Club: Great, 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.
Jonah 🏅🎹 | Satoshi Club: Q6 from Telegram User @victorogb
Reading through the discussions and publications in your telegram group, I discovered that Annex has adopted a system of monthly burns and buybacks. As a matter of fact, it has been able to burn a total of 67,624 ANN tokens as of December 1st 2021. Though this token economic models aren’t new, but may we know why Annex has opted to increase its Token burns and buybacks every month? For how long will this operations be performed? Also, asides these attempts to create scarcity and increase market value of $ANN tokens, what other alternatives does Annex employ to strengthen market value of $ANN tokens?
David@annex (Will never DM first): So, going back to the burn question, as stated earlier on, Annex is a deflation token, our plan is to buy back ANN token using our reserve, as the reserve gets bigger and bigger, we will be able to farm more and more token from our platform, all of those tokens will be burn overtime and we have no plan of stopping it, this is to decrease the token emission
David@annex (Will never DM first): As for alternative utility, as at the moment we still haven’t release our two biggest utility for ANN, NFT marketplace currency and collateral supply.
we are hoping to release NFT marketplace probably sometime in January so user will be able to create and sell NFT on our platform using ANN token as utility. Once we have price oracle, we will also list ANN token on our platform as supply collateral allowing user to earn by borrowing token using ANN as collateral
Paul Mont | Satoshi Club: Looking forward that great piece of news to be announced! Thank you for your answers!
Paul Mont | Satoshi Club: 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: The time has come for the second and most impressive part of the AMA. A flurry of question is about to be unleashed! 🌪 I hope you are you ready @DavidAnnex @GABRIALF
Paul Mont | Satoshi Club: We will now open chat for 2 minutes and our community will ask you some questions
Paul Mont | Satoshi Club: Let’s go @Jonahapagu
Jonah 🏅🎹 | Satoshi Club: Alright
Part 2 — live questions from the Telegram community
Q1 from Telegram user @faaawaaad:
Any exciting news you’d like to announce here today?
David@annex (Will never DM first):
We will be launching stablecoin lending/borrowing on Cronos this week, hopefully by or before Wednesday
Q2 from Telegram user @Rakshhitx5:
Hii .I can’t find your Twitter account! Is it suspended?
David@annex (Will never DM first):
we made a stupid mistake recently by adding our launch date as our birthday and twitter now think we are underage, we are working on it right now to get it back online
sorry for the inconvenient
Q3 from Telegram user @tyuiopewt:
Do you have AUDIT certificate or are you working to AUDIT your project, so that the security of the project becomes more secure and reliable?thanks sir
David@annex (Will never DM first):
We are audited by Certik with Skynet enabled, We will have couple of more audits in future to ring fence the protocol.
On top of that the ownership of Lending Protocol is already transferred to Community with full governance and we have removed the Migrator code on ANN DEX to secure the protocol from any exploitation or hacks
Q4 from Telegram user @chinyere2020:
Annex is established on the Cronos network but while going through your website, I found out that Tron network is one of the partners of Annex. Can you give more information about this partnership? Why did you partner with Tron network? What are the contributions made by the Tron network to the Annex ecosystem? Are there plans to establish the Annex platform on the Tron network in future?
David@annex (Will never DM first):
We actually have a very good relationship with TRON’s team and it was Justin Sun and his team that got us introduced to crypto.com and Cronos network
we are currently offering TRX as lending on BSC network, should TRX ever decide to crosschain into Cronos, we will also add TRON in cronos as well
Q5 from Telegram user @tEEMI_OM:
I am interested to invest in your project. When and where can I buy your tokens? Is it already listed exchanges?
What kinds of non-fungible tokens the Annex NFT marketplace will include?
David@annex (Will never DM first):
That would depend on what user are trying to sell, but we will release more detail once it is LIVE
Q7 from Telegram user @Xusuo:
I see that Annex Finance work under Cronos Network. if you dont mind, can you explain what is the reason of choosing build lending system under Cronos Network ?
David@annex (Will never DM first):
We believe Cronos will be the next big chain after Binance Smart Chain and have huge user base because of Crypto.com Exchange, APP and Defi Wallet.
And both some similarity too. Binance Chain = CRO Chain Binance Smart Chain = Cronos Chain Binance Exchange = Crypto.com Exchange..
Best part of this is seamless bridge via their Exchange
Q8 from Telegram user @Cheriemike:
You announced a new rewarding system known as “The Margin Lending” which offers better lending/borrowing rates for investors who are holding a certain amount of $ANN token with returns of higher leverage.So can you first tell us if this new system is already in place?What are the opportunities/benefits of the Margin Lending?Will your Margin Lending also have some tax benefits?Sometimes it is best to also look at the risky side of things not only the benefits.So does your Margin Lending have any risk?If yes,can you tell us how you will mitigate such risks for the benefits of users?Please explain Thanks
David@annex (Will never DM first):
currently we have to put Margin lending on hold at the moment due to community feedback, the larger community feedback had expressed that margin lending could affect new user from joining the protocol as it would benefit only early investor. we might however reconsider this as the platform grow a little more
Q9 from Telegram user @Rakshhitx5:
Hii.For how long we have stake our Stablecoins to earn interest on Stablecoins? Any locking period?
David@annex (Will never DM first):
No locking period, Its just like traditional Bank without middleman, you can deposit and withdraw anytime 7x24x365 and can borrow against your assets instantly without any credit checks.
As long as someone is borrowing your assets from Annex you are will be earning Interest on your assets.
Q10 from Telegram user @Shumail47:
What are the competitve advantages of Annex as compare to Venus and Aave? How Annex Finance is better than these two?
David@annex (Will never DM first):
We are not better, nor we are any worst, they are the two powerhouse from different market and we plan to be the powerhouse of Cronos network
we actually have very good relationship with the team behind Venus and do not wish to see them as a competitor, rather we are here to grow the Crypto market together as a whole
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Crypcade and our guest was . The AMA took place on the 13th 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 Dear satoshiclubers welcome to another Day of AMA Marathon, our First AMA for the day is with Crypcade
Robocop | Satoshi Club: and today our guests – @CrypcadeGrandMaster and @Qiyana_CrypCade hello guys, welcome to Satoshi Club!
Robocop | Satoshi Club: Good to have you here guys, how is it going?
CrypCade.io | GrandMaster: Thanks Robo Pleasure to be here and show off our platform and what’s to come
Jonah 🏅🎹 | Satoshi Club: Hello welcome..
CrypCade.io | GrandMaster: Excited to be here
Jonah 🏅🎹 | Satoshi Club; We are Glad to have you here, and we are sure this is going to be an Exciting moment
Robocop | Satoshi Club: well, let’s start our AMA ! Please Introduce yourself and your team. How did you get to be involved in Cryptocurrency & Crypcade Project?
CrypCade.io | GrandMaster: Awesome . My name is CrypcadeGrandmaster ( Founder/Main DEV) alongside my co founder @Qiyana_CrypCade and a total of 7 other developers ( including our Crypcade games studios) have been working on Crypcade since 2019
Robocop | Satoshi Club: Thats really nice ! You have an impressive journey into crypto world, btw do your team anonymous?
CrypCade.io | GrandMaster: The CrypCade project itself is made out of the concept where there can exist an ecosystem where all forms of entertainment can be enjoyed in one location.
Starting off at our CrypCasino in 2019 ( we have over 4000 LIVE games ready to play right now )
And our CrypArcade is just around the corner.
Jonah 🏅🎹 | Satoshi Club: 4000.. that’s an impressive Number
CrypCade.io | GrandMaster: Our team is KYC’d commercially but not publicly
Jonah 🏅🎹 | Satoshi Club: Are all team members from same region?
Robocop | Satoshi Club: Thank you for sharing
CrypCade.io | GrandMaster: We do stay anonymous as most casino running project do to protect the team and not to affect future endeavors , some of our devs work for top projects but still are in contract so they cannot be revealed publicly yet
Jonah 🏅🎹 | Satoshi Club: This is understandable
CrypCade.io | GrandMaster: This is why opted to soft KYC instead
Robocop | Satoshi Club: yes we understand the reason
Jonah 🏅🎹 | Satoshi Club: Great Decision for the time being
CrypCade.io | GrandMaster: We have members of the team located in EUROPE / Australia / South asia
CrypCade.io | GrandMaster: Quite a diverse team
Jonah 🏅🎹 | Satoshi Club: Yeah.. 😉
Jonah 🏅🎹 | Satoshi Club: Thank you for the introduction
Jonah 🏅🎹 | Satoshi Club: We’ve selected some few questions from our community members are you ready to go straight in?
CrypCade.io | GrandMaster: Shoot away ready when you are
Robocop | Satoshi Club: Q1 telegram user @victorogb There was a recent post on the official twitter page of AssureDeFi, confirming that Crypcade has been KYC approved. Though the full details on this news wasn’t properly spelled out, but it seems it had connections with the Crypcade NFT. Without making further assumptions on the details of this news, can you properly enlighten us, what is the obvious connection between Crypcade and AssureDeFi, and what is the KYC approval all about? Even as we dwell on issues with KYC, its important we look at Crypcade’s Platform security architecture. How safe and secure is the Platform, and how best can you guarantee user and players privacy and as well as transactional security?
CrypCade.io | GrandMaster: Point 1 : Assure KYC
Assure KYC is a company that allows projects to SOFT KYC to give that safety that the user wants in a project but to also allow the TEAM to stay away from the limelight while building the product .
Allows community to build trust , together with the project.
Point 2 : Our platform runs on the basis of the SHA – 256 algorithm .
This allows us to provide the user with the result of the bet before the user bets ( encrypted ) after the user bets they will get a secret key to decrypt the hash that was given before and verify that the results have not been tampered with. This is called 100% provably FAIR.
We do not require any KYC or ID to join the platform all you need is either your TRONLINK or METAMASK .
All transactions are done on the blockchain and the users can verify all deposits and withdrawals and minting of the tokens
Jonah 🏅🎹 | Satoshi Club: With regards to security, have you done an Audit?
CrypCade.io | GrandMaster: Our contract is verified on BSCSCAN and our audit is currently underway with one of the top Blockchain audit security firms ( this is needed for CEX listings as well in the near future )
Robocop | Satoshi Club: Thanks for the detail answer
CrypCade.io | GrandMaster: We cannot dwell on this until we have the full audit report from the company of course. We will assume it shouldn’t take too long from now
Jonah 🏅🎹 | Satoshi Club: Interesting to know that you have this as an important ingredient in your plans..
Jonah 🏅🎹 | Satoshi Club: Thank you for your Answers.. Ready for next question?
CrypCade.io | GrandMaster: Yes please go ahead awesome questions
Robocop | Satoshi Club: Q2 telegram user @Arisabela I couldn’t help but click on your cashback platform! Very few platforms offer such incentives to their users, however it is still under construction, could you tell us how we can benefit from this system once it is launched? In what type of purchases will we be able to obtain a refund and who will be candidates for these offers?
CrypCade.io | GrandMaster: Our CashBack program was live with up to 30% cashback on all your bets lost on the platform , this has been deactivated for the time being to allow the integration of BNB at the current time . We will reactivate this option in the coming short period once all integration of the multichain and interoperability feature is completed
Robocop | Satoshi Club: thats really great incentives program, btw can you share about roadmap with us ?
CrypCade.io | GrandMaster:
Cashback depends on how high up the ranking system you are here is a screenshot to check out the ranking systems you can find on crypcade.io :
Jonah 🏅🎹 | Satoshi Club: I Wanted asking about this..
CrypCade.io | GrandMaster: Currently the previous roadmap has been taken down but good news a new roadmap will be up today highlighting the direction we are taking. It will still have the previous milestones just with added targets as well as new partnerships that we are gaining
Jonah 🏅🎹 | Satoshi Club: Thank you for clarifying this..
Jonah 🏅🎹 | Satoshi Club: Ready for next question?
CrypCade.io | GrandMaster: Yes
Robocop | Satoshi Club: Q3 telegram user @DK177 I am interested in purchasing a Hoodie from your market. However, I am reluctant to pay online becuase I could not see any details on customer experience. Where can I see some reviews on your products? I saw that you offer free worldwide shipping for orders above 100$. Do you ship to all countries including the territories where Crypcade is prohibited? What is the delivery fee for orders under 100$? Please explain about your refund policy too. If we get a wrong item or if an item is damaged, do you return our money or send a new product?
These are our long time partners , they are excellent . All countries are allowed . For all questions referring to buying CRYPCADE items refer to https://t.me/tronnetworkstore
Jonah 🏅🎹 | Satoshi Club: Are these products sold by you or others?
Robocop | Satoshi Club: Thank you, speak of partner from Crypcade, can you mention which project already do partnership with Crypcade ?
CrypCade.io | GrandMaster: These are Trademarked products sold through tronnetwork.store
Our in house CADESHOP offers CADE boxes currently but we will be selling more items once our integration with multichain are completed in the coming days.
CrypCade.io | GrandMaster: Our current partnerships list is limited to a niche market we will be expanding of course as the coming weeks unfold.
You may find all new partnerships at the bottom of the main page of CrypCade.io/home
Here is something intresting Top raised project at that time community funding grants.
Jonah 🏅🎹 | Satoshi Club: Thank you for your Answers
Jonah 🏅🎹 | Satoshi Club: Let’s proceed to the next question
Robocop | Satoshi Club: really good partnership
Robocop | Satoshi Club: Q4 from Telegram User @Neilselin
It was mentioned that by placing bet in TRX,the CADE tokens are automatically generated .A user can freeze the CADA token to receive a dividend and the dividend can only be claimed in 14days upon receiving them.after 14days have pass,they expire and you will not be able to claim them any more on.Does the CADE token has other use cases other than just freezing to receive dividend?,can you tell us why you introduced the 14 days claiming period for the dividend?, And lastly, is TRX the only means of placing a bet in the platform?
CrypCade.io | GrandMaster: You can place a bet currently with TRX and POLYGON(MATIC) and within days BNB also will be available to use.
When a user plays on the platform the user generates the CADE token.
This CADE token can be frozen to get a portion of the POOL
The pool consists of all bets lost in the last 24 hours .
Every 24 hours the users will receive dividends from that pool depending on how much CADE the user has frozen.
This can be unfrozen at anytime.
There is also a DEFI feature that we have on the platform Crypcade.io/Justbeans This is a project we onboarded last year that allows users to YEILD TRX with a minimum APY generated at 36% You will need to freeze both your TRX and BEANS(Token) to generate TRX
There are 7 day contracts 14 day contracts and 30 day contracts
IF the user does not claim in 14 days the TRX contract will expire , HOWEVER we also have a feature that allows AUTO reinvest or AUTO compound to prevent this from happening the user can automatically add their generated TRX back to the contract Freezing auto the TRX that has been farmed
Jonah 🏅🎹 | Satoshi Club: This is detailed enough and Clear for me
Robocop | Satoshi Club: So we can stake on pool which consist of all lose bet $CADE, do you also have other platform to stake $CADE?
Jonah 🏅🎹 | Satoshi Club: One more question though what is the maximum APY that users can YIELD TRX?
CrypCade.io | GrandMaster: You cannot currently BET $CADE , CADE is generated automatically with every bet you make with the allowed currency , but we will allow betting of $CADE once our integration of the BSC chain is finished in a couple of days
$CADE staking will be available also in a couple of days from now with a very high APY for the first 30 days .
CrypCade.io | GrandMaster: There is no maximum to the APY since it depends on how many $BEANS you own.
More $BEANS you have the higher your APY becomes
CrypCade.io | GrandMaster: Think of $BEANS as a form of % that you buy to add on to the 36% minimum given
Robocop | Satoshi Club: Oh understand , thanks for the answer, any additional question @Jonahapagu?
CrypCade.io | GrandMaster: You can follow your $CADE that is minted while you bet on the blockchain
Robocop | Satoshi Club: lets go to next question, or do you have something to add ? @CrypcadeGrandMaster
CrypCade.io | GrandMaster: One of the main reasons we use TRON as our infrastructure is of the speed and low fees it has to allow for fast user experience
CrypCade.io | GrandMaster: Go ahead
CrypCade.io | GrandMaster: Our TOKEN is tradable on BSC chain only
Robocop | Satoshi Club: Yes agree with you since ETH slow and have high fee
Robocop | Satoshi Club: Q5 from Telegram User @iceVermithraxx
One arising issue in casino and gambling games is lack of transparency, In order to show that all bets on crypcade.io are provably fair, each bet receives a HASH before the bet is placed and users also get a secret key, which they can use to decode results. For newbies to these luck-based gambling system like me, can you explain more on the Hash users receive before the bet and how the Hash works to ensure the bet is provably fair? Can you also explain on why users must receive HASH before they place a bet? In line with this, can you explain about the secret key and how users receive it? Can you share on how users can use this secret key to decode results of placed Bets?
CrypCade.io | GrandMaster: The slow processing of the transaction hinders the speed of the bets and games
CrypCade.io | GrandMaster:
All bets on CrypCade.io are provably fair. Each bet receives the hash before the bet is placed. This ensures you’re getting a lucky number before you place your bet, and you use your Secret Key to decode the result.
Hash is given before the bet is placed.
CrypCade.io | GrandMaster:
The Fairness window will store the Secret Key and Hash of each bet individually.
Jonah 🏅🎹 | Satoshi Club: This is a bit technical..
CrypCade.io | GrandMaster: Hash is given BEFORE the bet is placed.
What is a Hash?
The Hash that we give you is the result of the next bet that you will place. The lucky number is encrypted using the SHA-256 algorithm and a “Secret Key” that is revealed to you after you received your pre defined bet result. This Secret Key is the only Key that, together with the lucky number, leads to the Hash that has been shown to you before you placed your bet.
Why must your hash be given BEFORE you place a bet?
The way the hash is provided differentiates CrypCade in the DApp market. There are game providers (i.e. other DApps or casinos) that either don’t give the user a hash for every bet round at all, or, if they do, they show it to the user AFTER the bet has been placed. By not showing the hash before the bet has been placed, the house is able to change the lucky number to one that favours the house, thus influencing one’s bets results. Consequently, the provably fair system of said game providers cannot be considered as provably fair anymore because their Hashes could be pre-generated for every lucky number and given to the player afterwards. In this case, one must trust their method of generating lucky numbers on their servers and they could strategically manipulate bet results, since one cannot get an idea of what one’s bet hash should have been.
CrypCade is not able to manipulate any bet results because we don’t know which kind of bet the user will place, while the bet result is characterised by the unique bet hash. Changing the prediction won’t give the algorithm the ability to change a result. Nobody (not even CrypCade!) knows, which Lucky number leads to a win of one’s bet and which leads to a loss. Therefore, it only lays in our interest to give you the best possible Random Number Generator (RNG)
CrypCade.io | GrandMaster: You can use any available HASH checker on google to check if the HASH is correct
CrypCade.io | GrandMaster:
Yes some users love this part as this shows complete transparency how the ecosystem works
Robocop | Satoshi Club: what user search are fairness and transparency
Jonah 🏅🎹 | Satoshi Club: True.. and this is a Viable solution
Jonah 🏅🎹 | Satoshi Club: Thank you for your answers
Jonah 🏅🎹 | Satoshi Club: Ready for the last Question for this part?
CrypCade.io | GrandMaster: Yes amazing questions
Robocop | Satoshi Club: Q6 from Telegram User @Cheriemike
You mentioned that to fully enhance users experience in your game, they are to the “Mine” the platform token in some in-house games.And these games include Dice,CadeWheel,Cadepoly and CadeCascade.So can you tell us the various ways/methods users can “Mine” $CADE token in the games mentioned above?You also included “Users Ranking System” as a way to glue users to their screen-it is said that your Ranking System has 10 Ranks-so can you explain to us how your Ranking System works?And are there benefits for users when they mined $CADE token in the in-house games and when they join your Ranking System. Please explain Thanks
Robocop | Satoshi Club: Well, you already mention about rank system, but please add about the other
CrypCade.io | GrandMaster:
As you can see here from the ranking systems the more $CADE you mine the higher your rank is the more rewards you will get for loyalty
Rewards include Free CADE , Daily tasks, VIP privileges , Custom NAME TAG on the platform and much more
To MINE $CADE you can play any game on the platform .
While you are playing $CADE will be mined at a rate of 12 TRX per $CADE mined .
Spend 12 TRX on the platform
1 $CADE is minted to your wallet directly,
You can then freeze this CADE earned into the pool for dividends .
In our Upcoming ARCADE and METAverse we plan to have users PLAY2EARN our $CADE .
The more they play the more $CADE is earned.
CrypCade.io | GrandMaster, [13.12.2021 12:17]
In Our METAVERSE that is launching very soon there will be our CRYPCASINO and CRYPARCADE both available to play inside
Jonah 🏅🎹 | Satoshi Club: So in other words mining of $CADE is directly proportional to the amount of TRX spent…
Robocop | Satoshi Club: Thank you for a complete answer
CrypCade.io | GrandMaster: For now yes, but in the Arcade its a Play2Earn
Jonah 🏅🎹 | Satoshi Club: Is there a limit to how much a user can mine in either daily or weekly basis?
CrypCade.io | GrandMaster: No limit
Jonah 🏅🎹 | Satoshi Club: Great..
CrypCade.io | GrandMaster: Marketing is also gearing up this week with our release of a new game coming up
Jonah 🏅🎹 | Satoshi Club: Thank you for your Answers in this first part of our AMA…
Robocop | Satoshi Club: It has been an amazing time in this first part of the AMA Is time to proceed with the second part, the live segment, are you ready?
CrypCade.io | GrandMaster: Super ready when you are
Jonah 🏅🎹 | Satoshi Club: Thank you for sharing ..
Robocop | Satoshi Club: Before we open,
Robocop | Satoshi Club: Can you share to us your important link to Satoshi Clubber
Jonah 🏅🎹 | Satoshi Club: Opening chat in 5 seconds after this..
CrypCade.io | GrandMaster: CrypCade “is the Uber and Airbnb of Arcade”, being an economically sustainable Gaming/ Entertainment ecosystem.Catering for both the high-risk players and the skilled gamers all in one platform, CrypCade is a revolutionary redesign on original arcade systems, integrating skill-based gaming and luck-based gambling.
One of the unique features of the CrypCade platform is the future ability to allow dapp developers to deploy natively created dapps for monetization. The in-house natively developed games allow users seamless connectivity and enjoyment of our entertainment systems.
While CrypCasino caters to the high-risk, thrill-seeking players, CrypArcade is based on skilled gamers, offering classic arcade games as well as high-graphic PvP games and tournaments.
The Metaverse: soon CrypCade users will be able to walk around CrypCade City and enjoy their favourite activities! Think arcade, but better. Your own escape world. Your metaverse.
CrypCade is a multicurrency Entertainment Ecosystem designed to benefit both user and the platform.
By making a deposit and playing games on CrypCade, users mine CADE tokens that can be claimed and will be sent to user’s wallet automatically upon claiming.
Users can freeze CADE tokens in order to gain dividends from the dividend pool. The dividend pool increases with player’s losses on in-house games A percentage of partners’ games losses also feed into the pool. Wins are credited from the dividend pool. Dividends are automatically distributed daily to all frozen tokens, every night at 0:00GMT and are credited to users’ wallets upon redeem.
Dividend distribution:
15% – users
5% – team
5% – reserve
75% – rolls over to the next day’s dividends
Players are able to play with the redeemed dividends if so decided and mine more CADE in the process, or withdraw them to the external wallet and end the cycle.
1,000,000,000 CADE is available on Binance Smart Chain! (only 5% of it is circulating!)
INTEROPERABILITY: CrypCade is available on TRON, POLYGON, ETHEREUM, BINANCE SMART CHAIN! You can play on CrypCade.io (https://crypcade.io/) with $TRX, $MATIC, $ETH, $BNB!
Currently available partner dapps on CrypCade SDK: JustBeans (https://crypcade.io/justbeans) —> DeFi with min 36% APY
Check out the LIVE tournaments and hop on the CrypCade train!
CrypCade.io | GrandMaster: All links are there in which i shared above
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Fatima6734 :
Recently, CADE was Listed on Pancakeswap, In near Time, Do You have any Plan to list it on any Centralized Exchanges as well?
CrypCade.io | GrandMaster:
Yes we have been in talks with tier 2 and tier 1 exchanges since friday , hopefully we will finalize a listing before 2021 finishes
Q2 from Telegram user @alicandogan9 :
Does Crypcade face legal problems for online gambling, if so, how does it solve this problem? Can we access and gamble from anywhere in the world on the Crypcade platform?
CrypCade.io | GrandMaster:
We are a licensed Casino . Access to CrypCade,io is available in most countries in the world
Q3 from Telegram user @ashwini_Crypto:
There are many Betting Platforms and there have been many issues with about the Fairness, How do You plan to Provide Perfect and Smooth Interface?
CrypCade.io | GrandMaster:
Using the SHA 256 our users can check their bets before and after the bet has been completed to verify nobody has tampered with the results
Q4 from Telegram user @Wong2008:
Do you have any guide to explain how we can play with $MATIC in CrypCade?
Can you tell me what are the cade box and where can we find it ?
CrypCade.io | GrandMaster:
CADE Boxes are boxes that you can buy that have a specific amount of $CADE inside with a chance to have a Multiplier .
Multipliers are used when playing on the platform .
They can range from 1.1X to 5X which means you can mine up to 5X your $CADE for a short period with this feature .
ALL BOXES CONTAN $CADE
How important is the community to you? and how can we collaborate or help you for the development of the project?
CrypCade.io | GrandMaster:
The community is the backbone to any project that is successful Without our community testing and we would not have been very successful in the casino side
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:
