We are pleased to announce our next AMA on January 17th 2022 at 01:00 PM UTC Time: Satoshi Club x ADADAO
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join ADADAO Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. ADADAO Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about ADADAO
For more details:
ADADAO Website – adadao.org
ADADAO Telegram – @adadao_org
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I understand that AUSD is easy to generate, access and use, and ADADAO Protocol allows users to earn AUSD by Placing Collateral Assets into ADADAO Vaults. Can you kindly elaborate on ADADAO vaults? Do you have limitations to Number of Vault a single users is allowed to own? Can you elaborate on the collaterals Assets in which users will place into ADADAO Vaults to start earning AUSD, what can users use as collateral assets? Are there any fees or requirements for users to withdraw their earned AUSD from ADADAO Vaults?
I understand that the Protocol initiates an Emergency Auction if there is insufficient AUSD in the Buffer. And also recently, a new step has been added where you are supposed to enter your bsc wallet address. This is a compulsory step in order to receive airdrop. Can you elaborate more on the Emergency auction? Has it already been designed and working at the moment? Is the airdrop event still going? Can we also participate and get whitelisted? How can we participate
ADadao I learnt functions as a DAO and ADAO is the utility and governance Token which allows users to decide how the protocol functions and also gives them a share of the fees raised through the protocol; and ADADAO vaults are non-custodial & permissionless protocol and all generated Stablecoins are backed on chain by an excess collateral. Are there any amount of number of ADADAO a holder is required to hodl to be able to have a say in the governance decision in ADADAO? I learnt AUSD is a stable coin which could be gotten upon ADADAO being staked in the vault on the one hand, while others get their hands on AUSD by buying it from brokers or Cryptocurrency exchanges . Please tell us the cost price of 1AUSD at the broker? which crypto currency is acceptable, USDT or which? Please tell us. Finally, what is the use case of ADADAO apart from governance on the one hand, and AUSD on the other hand? Thanks
I understand that ADADAO is a DeFi protocol on Cardano blockchain which facilitates creation of fully collateralized stable coins leveraging Native Cardano Assets. The ADADAO Protocol relies on a number of external actors to keep things running. These external factors includes Keepers, Oracles, and Global Settlers (Emergency Oracles). Keepers benefit from the Protocol’s economic incentives; Oracles and Global Settlers are external players who have been granted unique permissions in the system by ADAO voter. Can you elaborate more on these 3 external factors that the ADADAO relies on? Can you tell us the difference between the Oracles and the Emergency Oracles? Where do they come in to play? How can players apply to be granted unique permissions?
I discovered from your previous AMA session where you made mention that you will have multiple listings on the TGE date. And you confirmed that listing on Pancakeswap and Bitmart for now would be possible, but many more CEX listings are also planned. Why have you chosen these platforms for listing? And when are we to expect the date for the listing to be officially released?
I learned that ADAO and AUSD are Cardano Native Tokens and users need to have a supported Cardano wallet to be able to receive it. They will also be able to trade the token in various exchanges. I’m curious to know, are there any difference between the ADAO and the AUSD tokens? If yes,What are their differences and what are the different use cases of one over the other? Lastly, What are the exchanges which these tokens are listed on? Thank you.
I understand that the $ADAO token serves as the ADADAO Protocol’s governance token which allows holders to vote on changes to the protocol. Also anybody can submit suggestions for an ADAO vote, not just $ADAO holders.can you explain how $ADAO token holders can use the $ADAO token to vote?,will their be minimum $ADAO token a holder must have to vote? please can you share with us how anybody can submit suggestions for the ADAO vote?,will their be a requirement to be able to submit suggestions for an ADAO vote?
I interestingly read from your website that The ADADAO Protocol takes price inputs through the Oracle Verification Module (OVM), rather than directly from the Oracles, to secure the system against an attacker attempting to obtain control of a majority of the Oracles. Can you elaborate more on the Oracle Verification Module(OVM) and how it aid to protect The ADADAO Protocol from cyber attacks? Will there be any future security modifications to protect the ADADAO Protocol? What will be Their main features? You also mentioned that ADAO voters choose Emergency Oracles, who serve as a final line of defence against attacks on the governance process or other Oracles. Can you elaborate more on these emergency oracles and how they aid to protect ADADAO Protocol from cyber attacks?
One part of your ecosystem I really find interesting is the Collateral Auctions. The ADADAO Protocol’s auction procedures allow the system to liquidate Vaults even when price data for the collateral is unavailable. The ADADAO Protocol takes the liquidated Vault collateral and sells it via an internal market-based auction process at the point of liquidation. How is the liquidated price calculated and what is the maximum leverage to which this liquidation can be prevented? Selling via an internal market based auction means what exactly and what do you gain in return in this type of selling??
I learnt that the ADADAO Protocol’s auction procedures allow the system to liquidate Vaults even when price data for the collateral is unavailable. The ADADAO Protocol takes the liquidated Vault collateral and sells it via an internal market-based auction process at the point of liquidation and this process is known as Collateral Auction.however the AUSD acquired from the Collateral Auction are used to pay off the Vault’s outstanding debts, including the Liquidation Penalty fee established by ADAO voters for that specific Vault collateral type.can you outline the process for a user to join the collateral auction process?,what will happen when the AUSD acquired is not up to the outstanding debt?,in the case when the AUSD acquired is more than the outstanding debt, what will ADADAO protocol do with the remaining AUSD after the payment of the outstanding dept?, lastly can you elaborate on the market-base auction process and it’s core features?
ADADAO Vaults are the repositories that are used to secure loan collaterals and Assets that are accepted as collateral can be leveraged to mint ADADAO stablecoins. Can you explain more on ADADAO Vaults? What are the advantages and benefits of users placing their tokens/assets as collateral in ADADAO Vaults? What are the different assets that users can place as collateral in ADADAO Vault? I also noted that users can generate Stablecoins while also preserving their investment in ADA, can you elaborate on how users can mint stablecoins with their collateral assets in ADADAO Vaults?
Focusing on the Security Module of ADADAO protocol, I noted that in order to secure the system against an attacker attempting to obtain control of majority of the oracles, the ADADAO Protocol takes price input through the Oracle Verification Module (OVM). Can you explain more on the Oracle Verification Module(OVM)? Can you also elaborate on how the OVM Works to safeguard, and also act as a layer of security between the Oracles and the Protocol? I also understand that ADADAO Holders can choose to deploy emergency oracles, can you explain more on these Emergency Oracles and how they would work together with OVM to protect ADADAO protocol from hackers?
I learnt that users can interact directly with Vaults and the ADADAO Protocol, and each user has total and independent control over their placed collateral as long as the value of the collateral does not fall below the required minimum level . please can you enlighten us on the value of minimum Collateral level?,what are the implications of collateral falling below minimum level?
I noticed there is an advert on all your platforms regarding the ADADAO $20,000 AIRDROP CAMPAIGN in association with Cardence. This is really great and will ensure a lot of users coming to the ADADAO community. I would like to know if this airdrop campaign actually includes the whitelist campaign or they are separate campaigns? For the Airdrop, 2000 winners would be selected based on how many referrers they are able to get before the end of the campaign period and there is no maximum limit to the number of users that can be referred. Does this entails that there would not be prizes for some participants with a good number of referrals but not in the top 2000, How would you compensate them? Will there be future events like this airdrop in the future?
I understand that each collateral asset in ADADAO must have its own Vault. As a result, some customers will have many Vaults with various forms of collateral and collateralization levels.does that mean a customer can have as many vaults as he wants?can you elaborate on the collaterize levels and how the collateralisation level is determined in ADADAO vaults?
It was mentioned that ADADAO Vaults have a limit on how long Collateral auctions can last. The durations of the debt and surplus auctions are global system parameters.please can you kindly tell us when the auction ends after the period under all circumstances ends?,what is the minimum bid increase?, is the risk parameters determined by maker governance voters per auction type?,in line with this,can you tell us the strategies set in place to prevent over collateralisation in the ADADAO vaults?
Where do we expect to see your project Protocol in the short term (at some point in 2021) and 2022 and beyond (long term goals)? In the next 6–12 months, what features will you roll out that will make you truly stand out from the rest??
Up to now, how many strategic ventures has the project invested in?
Who is your partner, and how does it make an important and significant contribution to your success? Will you disclose in the future to build trust with us?
About your $ADAO token in terms of governance,you allow all holders of $ADAO to vote applying no minimum or maximum amount of $ADAO to hold before one can vote.You noted that anybody can submit suggestions for an $ADAO vote,not just $ADAO holders.I will say this fair giving all holder whether small or big investors the right to make decisions or vote.But something caught my attention,you said any voter-approved changes to the Protocol’s governance variables will not take effect right away.Can you explain to us what the governance variables are?And you also made mention of voters activating a Governance Security Model.Can tell us how this work and how effect does triggering of a shutdown have on a voters vote?Please explain Thanks
You mentioned that each vault in the ADADAO Governance has its own set of Risk Parameters that must be followed.Two of these parameters caught my attention.The “Debt Ceiling” and “The Stability Fee”.So in a single collateral type what what is the maximum amount of Debt Ceiling you give each collateral portfolio?And you said once a collateral type’s Debt Ceiling has been reached,it is no longer possible to establish new debt.Can you tell us why?And what if a particular user didn’t pay of his/her debt what then happens?As for the stability fee,it is a one-time levied when a collateralized vault is created.So what is % of the amount of $AUSD taken out from the system?And since it’s not time dependent, what then if the liquidation ratio is low?Please explain Thanks
I know this is not part of your project for now or will I say it’s off your project but I am asking to know if in the future you will integrate it in ADADAO platform.Its is NFT.My reason for asking this is because some of your parameters caught my attention.They are “Collateral Auction Duration”,”Auction Bid Duration” and “Auction Step Size” and looking at them the thoughts of NFTs came to my mind.I am moved to asked these questions.So how about allowing users to put up their NFT assets up as a collateral loan or offering loan to other users on their NFTs?Or build a marketplace,where user can browse their favorite NFTs?Or create an NFT Auction Event and implement your three parameters mentioned above or allowing voters vote on which NFTs are to be auctioned?I will be glad to have your answer on this if in the future you will add NFTs to your platform.Thanks
There are currently many stablecoins on the market and more are emerging every day, so I wonder, what benefits does the ADADAO stablecoin bring us over other existing stablecoins like Tether or Binance? What problems do you plan to solve and how do you plan to encourage the adoption of AUSD among people who already use BUSD or USDT? How can we buy AUSD and ADAO and besides buying, in what ways will we be able to generate these tokens in the future?
I read that the ADAO token serves as the ADADAO Protocol’s governance token, this token allows holders to vote on changes to the protocol. If a user wants to only submit suggestions within the DAO, without voting, is it a requirement that he be an ADAO holder in order to submit it? I read that holders can choose the set of Emergency Oracles. Can you explain to us what these Emergency Oracles consist of and what their purpose is? What abilities do they have that differentiate them from other oracles? Under what circumstances would these emergency oracles be used?
You mention that the AUSD is backed by collateral, what exactly is the collateral and where can we learn more about it? On which platforms can it be used in the future and with which wallets do you plan to have compatibility in addition to the Cardano network? Can this stablecoin in turn be used by those who have not yet started using the Cardano network and generate adoption of this network, or is it only intended to benefit users who have been using this network before?
According to the benefits and features of ADADAO and its stablecoins, which users do you recommend to use ADADAO? Which users are you targeting and what are your plans to attract more users in the future? Do you think it will be easy to adopt your stablecoins for users who are just starting in the world of cryptocurrencies or is ADADAO designed for more advanced users?
What is your current priority and what area are you focusing on to make ADADAO available to all users soon? How involved will the community be in your ADADAO when making decisions or how much feedback do you take them into account? Do you offer support to your users?
What do you consider to be your most important partnerships for ADADAO to take off as a project and what partnerships do you have in mind for the future that you can tell us about now? How will these partnerships benefit the project and its users? Do you plan to add interoperability between networks or will they always remain just for the Cardano network?
I noticed the name ADADAO – this is DAO – is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain. So, what are the rules for DAO in ADADAO, what are the ways for community members to participate in DAO? I also know that each DAO rewards its community for participating in its development, influencing the work of the organization and making decisions. How does ADADAO reward DAO members for their work and help in the development of the project?
You say you partner with many YouTubers and Telegram influencers. Can you tell us their names, who do you work with? What advertising campaigns and actions to promote information about ADADAO and its development, as well as to attract new members of the community, investors and sponsors, does the marketing plan for 2022 or at least for the next quarter include?
I am curious to know more information about “interest free borrowing”. Are there any prerequisites for borrowers to enjoy this feature? What is the maximum credit limit you have implemented for a single user? Do you increase that limit based on the credit history of each user? What kind of benefits do you get by lending funds with a 0% interest? Do borrowers need to keep a collateral with a higher value when compared to similar platforms which charge an interest? Please explain about the steps you take if a user is unable to repay the loan within the time frame.
You have created two native tokens, $AUSD and $ADAO. $AUSD is the stable coin whereas $ADAO is the utility and governance token. Can you clearly explain the utilities of each token? Should users of ADADAO hold both tokens or can they decide which token to purchase based on their requirements? When there are plenty of popular stable coins such as USDT, BUSD and USDC, why did you create your own stable token as $AUSD? Can we exchange $AUSD with USDT/BUSD? Will this token be available on some centralized/decentralized exchanges? Is $ADAO exchangeable to $AUSD and vice-versa?
You will be launching the staking feature within next quarter. Can you give a sneak peek on your staking mechanism? Will there be several tiers? There may be users who choose ADADAO just as an investment. Will your staking feature be suitable for them? Can they generate a passive income by staking a considerable amount of tokens? You have two tokens, $AUSD and $ADAO. Which token should be staked? Do you distribute rewards with the same token or will there be a separate reward token? Do you implement an unstaking fee? Compared to staking programs on similar platforms, what are your unique points?
KICK.IO launchpad will host the public sale of ADADA. ADADA O’s public sale will kick off on January 25, 5 PM UTC and will run until 2 February, 5 PM UTC. Can you please tell us what kind of launchpad it is and what opportunities open up for a project whose public sale is taking place on Kick.io? This event has already been announced, can we find out about its full conditions and rules?
I found out that some risks have been identified against which ADADAO Governance must take the required actions to mitigate risks in order for the ADADAO Protocol to function properly. The threats which have been identified include;
-A malicious attack on the smart contract infrastructure by a bad actor
-A black swan event; E.g. include: ‘An attack on the collateral types that backs AUSD’, or ‘A malicious ADADAO Governance’. Can you give a detailed explanation on the mitigation strategy that will be employed at each point in the event that any of these threats occur?
In order to determine when to initiate Liquidations, the ADADAO Protocol requires real-time information regarding the market price of the collateral assets in ADADAO Vaults. I learnt that the protocol’s internal collateral values are derived through a decentralized Oracle infrastructure made up of a large number of unique nodes known as Oracle Feeds. Can you give more information about this? What happens if an Oracle is hacked? What is the system setup to ensure little or no damage is done if an Oracle is hacked?
It was recently announced that the IDO of ADADAO ($ADAO) which will take place on the Kick.io launchpad will commence on the 25th of January and come to an end on the 2nd February. Can you give more details about this IDO? How can interested users participate in this IDO? What are the requirements that users must meet to be eligible for participation in this IDO event? Will participants of this IDO be required to complete any form/level of KYC verification? At what price will $ADAO be sold during this IDO? What are the cryptocurrencies that can be used to participate in this IDO? What is the hard cap of this IDO event?
Greetings ADADAO You recently announced the addition of kicklaunchpad to your project as a launch pad partner. How important is Kick as a partner for ADADAO and what role does it play on the platform? for when we will see a new release of IDO on the KiCK.io launch pad, can you tell us a date of this new release and the requirements to participate in your new IDO? Can you explain how it will be possible to create stable coins in ADADAO?
The ADADAO protocol,in addition to it’s smart contract infrastructure relies on a number of external actors to keep things running.And one of such external actors is the KEEPER
Keepers are market participants who assist AUSD in maintaining it’s target price ($1).Do this keepers volunteer themselves or they’re being selected based on their Experience in the market?Are they also classified as part of the DAO team? will keepers be incentivized for acting as external actor to help keep things moving?
In a case where the initial auction fails to generate enough AUSD to cover the vaults liabilities the protocol then initiates an Emergency Auction when there’s insufficient funds in the buffer, Can you elaborate more on this Emergency Auction? will it be an internal market-based auction,or it will be External market based since it’s an emergency?it’s likely to experience an Emergency Auction sometimes to cover up insufficient AUSD and owners might want to know more about this feature and how it works when are we expecting to have a detailed protocol on this?How will ADAO token be used to bring stability to the system? Thanks
While reading it caught my attention to know that ADADAO protocol’s auction procedures allows the system to liquidate vaults even when price data for the collateral is unavailable.whats the protocol’s reason for that? Would it not be fair to wait ,in order to know when the price data for the collateral will be available before liquidation? furthermore ADADAO protocol takes the liquidated vault and sells it vai an internal market-based auction process at the point,does the price of the liquidated vault collateral be sold based on its value or otherwise?Does the protocol determine the price in which the collateral can be sold? The AUSD acquired from the collateral will be used to pay off the vaults outstanding debts, including the liquidation penalty fee, what the actual amount of the liquidation penalty fee,What percentage goes to the owner of the collateral?
Will ADADAO work together with the $ADAO Token, as the world’s first interest-free stablecoin protocol and pioneer this new system of creating stablecoins through native Cardano assets? what is the guarantee and security that they offer in your project when presenting something new, can you explain how ADADAO will work and what are its objectives to be met? Will the $ADAO Token work for protocol governance and what will it allow users to do? can token holders have the right to vote and make decisions for improvements in the ADADAO project? What is the amount that a holder of $ADAO tokens must have in order to have the right to vote? Can you explain these functions to us?
In your documents you explain that the tokens $ADAO and $AUSD will be available to trade in various exchanges, so it would be interesting to know your future plans of lisitng in the most used exchanges in the market… It will be possible to incorporate these pairs in markets like Binance? What is your long-term view of this and what advantages does it offer over commonly used stablecoins like BUSD, USDT and more?
As I understand there are several ways to participate in a DAO like the one proposed by your project, one of the ways is through the ownership of tokens, could you tell us how will be the participation of investors on your DAO system? What benefits will it be and what will be the rules to keep the ecosystem in order?
Hello ADADAO Team, I know that the public sale will take place on KICK.IO. For what date is the public sale of ADADAO planned? Will it start on what day of this month and how long will it last? On what date will the closing be? can you provide us with this information What will be the value of the ADAO tokens? and the payment options to be able to acquire? only ADA or can we buywith other stablecoins? Will KYC verification be required to participate? Please explain this event to us.
I read that for Q1 of this year, they have planned the Protocol Stablecoin Stake Launch Design Basic. Can you give us a preview of the development of this model? What will be the main mechanics you will adopt around the $AUSD to allow users to participate in the best performance generation system in the market? What advantages will the $AUSD offer compared to other stablecoins?
“Create and collateralize a vault”, in one of the most prominent features of ADADAO vaults. My question is, what advantages does this collateralization have for those who decide to participate in your vaults? How will this approach help maximize the profits that users have deposited in ADADAO vaults?
In addition to the participants who are the main investors, that other people or external entities are collaborators and direct partners of the platform, What is the competitive advantage that your project has in which you feel more secure, what are the benefits offered by your loan model, who are your liquidity providers, are there external entities linked to the granting of loans?
This is an investment in that you can become involved! What strategy do you really have in order to effectively manage the marketplace with the event of an unexpected upcoming event? Particularly the subject of stealing, which has contributed in others members’ confidential detail becoming revealed as part of its marketing strategy? Is your ADADAO website ready for the task?
This is an investment in that you can become involved! What strategy do you really have in order to effectively manage the marketplace with the event of an unexpected upcoming event? Particularly the subject of stealing, which has contributed in others members’ confidential detail becoming revealed as part of its marketing strategy? Is your ADADAO website ready for the task?
How functional is the AdaDao protocol for vaults, which provides stability to AUSD, how many collateral tokens do you plan to incorporate, do you have the experience and liquidity necessary to develop the project in the long term, what mechanisms do you have to generate profits?
What are the functionalities of the $ADAO token and how can we use it correctly, why did you decide to create a stable currency and not just create $ADAO, can AdaDao be really implemented worldwide or are there countries excluded, what are your currently active social networks and How is your relationship with the community and in what aspects can you participate?
It shows at ADADAO Roadmap that CEX & DEX listing will be held in this first quarter of 2022. And it will also followed with the Stablecoin Release and Staking as well. To begin, would you please elaborate about the achievement from these program so far? And then, In which exchanges or where ADAO Token is listed? Finally, tell us a little about Staking ADAO token. Thank you.
U can One of ADADAO charms is that together we can fight with some other participants in the sports arena ranks for chance to earn. On a regular schedule, how many tournaments may we enter? Is there a limit on how often income you can put in? Who will be awarded for being the most likely to succeed? Immediately following each sports arena tournament, will we receive our trophies, or would we have to travel a few days?
I read in the ADADAO roadmap that the launch of the ADAO token staking program is planned for the first quarter of 2022. Are there any details you can currently share with us regarding the staking program? How much will the initial APY be? Will the APY remain stable in the long term or will it be subject to change? Will holders be able to modify the APY through the governance process? In what month of the first quarter will the staking program be released? What platforms will it be available on?
Partnership is always an important factor for every project. So who is your partner? What are the benefits you get from those relationships?
Its lending model is 0% interest. This is really great, but, considering that the biggest attraction of lending is profit, how does this 0% model generate profits for lenders? What benefits do the participants get?
On your website it says “Earn AUSD from Collateralized Vault.” Why did ADADAO decide to provide AUSD instead of $ADAO as income? What was your motivation for choosing AUSD? can you explain more about the functionality of the $ADAO token and how to use it properly?..
For ADADAO Holders you do have the ability to vote, can you tell us what they have to make an impact?
Can you explain the background of your team? How will you and your team carry out this ADADAO project during this current pandemic?
tell us what it takes to be able to create fully guaranteed stable coins that take advantage of Cardano’s native assets in ADADAO, what are the steps to follow and tell us how you guarantee that each coin on your platform is not used to steal from users?
Tell us which are the advantages that Cardano gives to ADADAO, why was it the best option to build the project and knowing that nowadays to be competitive it is necessary to be multichain, do you plan to incorporate another chain in ADADAO?
tell us what partners ADADAO currently has and how they are collaborating in the development and diffusion of the project, tell us if you will continue looking for more partners and sponsors and if so, tell us a little about what you expect them to offer you and what you will offer them so that their projects also move forward?
What are the strengths that ADADAO has, that will allow you to be competitive in a market as fierce as this, tell us a little about your most significant features, the problems you are trying to solve and the tools you have built to achieve this and improve the user experience today?
briefly describe the ADAO token, its use cases, the importance it has on the platform and explain how the reward systems work in which you can earn ADAO tokens, where you can buy this token, tell us, if you have burn and buyback systems and mention all the plans you have in place to minimize the risks of the ADAO token losing its value as time goes by?
Tell us a little bit about the ADADAO team, how many are they, what is the experience of each one of them, what positions do they hold in ADADAO, where can we see their professional profiles and tell us a little bit about why you consider that each member of the team is prepared to face and solve any problem that may arise in ADADAO?
The security systems applied by ADADAO Governance have strategies with top priorities, you mention on your documents that a Formal Verification is the Protocol’s strongest defense, could you explain its meaning? Who is involved in the operation of these security systems? Are there programmers behind protocol security surveillance?
There are three key external actors on your platform: keepers, price oracles and emergency oracles, could you give us a brief overview of the participation of such actors and the importance in maintaining the ecosystem? What type of oracle do you incorporate in the platform and how much does it cost to maintain them? Also, could you explain to us the need to incorporate Emergency Oracles in the decision system?
What does the user have to do to get rewards and how do they pay those rewards to the holders? How do ADADAO holders earn? What possibilities and options will those who own said token have? Also, why is the AUSD coin a soft-pegged, decentralized, unbiased, collateral-backed cryptocurrency that can be stored in wallets or used on platforms?
How does the ADADAO project become the best DeFi protocol on the Cardano blockchain? How do you manage to facilitate the creation of fully collateralized stablecoins that leverage native Cardano assets? How has the development been, the significant experience and learning for everyone for being the first stablecoin project based on interest-free loans? In fact, the fact that this project is based on interest-free loans, how will this benefit both the project and its owners?
Apart from facilitating the creation of stablecoins, what else does this protocol facilitate? How and for what purpose do they leverage those native Cardano assets? How is the development of the Adadao Vaults going? What are its functions to perform and characteristics to develop? why is it so profitable that this is the first stablecoin project based on interest-free loans? How does everyone win with a project of this magnitude?
Hello ADADAO team. You recently mentioned that you have partners from Thailand, Indonesia, Vietnam and South Korea who are assisting you in these markets. What are your opinions regarding the Asian market? Do you consider it to be a key market in the growth and expansion of the ADADAO ecosystem? Besides the Asian market, which other market would you like to focus on and make new partners to help you grow in those specific markets? Is the Asian market your only focus at the moment or are there others? Thank you.
I could find dual token model in ADADAO ecosystem which are $ADAO token as the utility one & $AUSD token as stablecoin. Can I know more special facts on the $ADAO & $AUSD tokens? How about their supplies, Are they limited or unlimited? Please list the utilities of $ADAO token & $AUSD stable coin apiece, is there any kind of attachment with DeFi Collateralization? I heard that $AUSD is a soft pegged Crypto Coin. To which physical currency is $AUSD pegged, Is it USD or Euro? Talking about the governance, $ADAO will play a major role to continue the governance parameters within ADADAO platform. Can you explain us how will be the relation between $ADAO & governance rights of ADADAO platform? How much will users have $ADAO tokens in order to participate in critical stages decision?
Taking an interest in the current state of the ADADAO project development, you are currently gearing up for an IDO and IEO, but I realised that these events were previously planned for December 2021. May we know what caused the delay, and how prepared is ADADAO this time around to organise them? Following up on this will be a planned CEX and Cardano DEX listings. Can you briefly shed some light on these plans, what will be the format to these events and should we expect listing of ADAO tokens in multiple CEXs? Also, can you briefly talk on your stable coin release and Basic Protocol Designs, which are all part of ADADAO’s Q1 projections; when should we expect them to be fully done, and what are those design parameters that will be native to your Protocol?
Talking about CARDANO ecosystem, CARDANO has being popular in last year since it deployed the capability of making Smart Contracts on their Platform with a low fees than others. Is this the reason that you manipulate to build the ADADAO platform on Cardano ecosystem? However, There are lot of blockchain platform in crypto space looking for giving you a chance to migrate to them such as BSC, Eth, Polygon, Solana etc… How will you respond to them if they invite you to join with them? Will users able to engage with cross chain DeFi applications? I mean that Can a Ethereum user handle all his DeFi activities while remaining as a Ethereum user?
Please, i would really love to know more about ADADAO’s Vault,
As it was said on your whitepaper that, “Each collateral asset must have its own Vault. As a result, some customers will have many Vaults with various forms of collateral and collateralization levels”. Please, i would like to know if there’s a minimum or Maximum amount of Collateral Assets & Vaults A Single Customer can have access to! could also please Elaborate more on these COLLATERIZATION LEVELS? And I Also noticed and encountered a rather unfamiliar Sentence that says, Your Platform was Backed by an “Onchain collateral” could you please elaborate more on these too? Thank You
It was stated that, ADADAO is the world’s first interest-free stable coin created on the Cardano Blockchain. It is a DeFi protocol which facilitates collateralised stable coins leveraging native Cardano Assets. Could you please elaborate more on What you meant about “interest free”? and in What ways does ADADAO Uniquely or Individually different from other existing and Notable stable coins out there like Tether (USDT) Dai (DAI), Binance USD (BUSD) TrueUSD (TUSD) USD Coin (USDC)
TerraUSD (UST)? what are it Applications and to what advantage does it present to individuals Patronising your ecosystem?
You are up to list $ADAO on CEXs & DEXs only in Cardano ecosystem in this quarter. What is the current progress of these events so far? Can you give us a sneak peek about the $ADAO listings? By the way, Will you list $AUSD stablecoin with $ADAO token at the same time? What will be the first lucky exchange to be listed your tokens? Please tell us the CEXs & DEXs names that you are going to list the tokens?
Good day!
The AUSD stable coin is a soft-pegged cryptocurrency, decentralized, unbiased, collateral-backed, which can be stored in wallets or used on platforms.
My Question; Will the price of the AUSD stable coin be similar to the likes of USDT and BUSD stable coins? What additional features/Advantages will the AUSD stable coin have over other existing stable coins? Will the AUSD stable coin be bought through exchanges or is there any way the ADADAO protocol allow users to earn AUSD? What fee will come with trading the AUSD stable coin?
Taking a delve through your official twitter page, I realised that ADADAO currently runs two community centered campaigns which are; the Whitelist Giveaway of $20,000 worth of $ADAO allocations to 200 winners and an Airdrop Campaign worth $20,000, given out to 2,000 lucky winners. Recognising the importance and timeliness of these events, can you briefly elaborate on them what are the basic requirements with each of them, and how long will each campaign run? Is ADADAO organising these events solely on its own or is there a collaborative partner? Finally, on the backs of such campaigns, may we know ADADAO’s long term strategies for community centered events and project decision making processes?
You have allocated 10% of the total tokens for an “Emergency Fund”. What is the purpose of this fund? If the project faces any financial issues due to unforseen situations, do you use the emergency fund to repay the investors of ADADAO? If yes, will 10% be enough to repay all the investors? Can they consider this fund as a security measure of your project? How should investors claim in that type of situation? Please explain the procedure. Who is in-charge of this fund? How do you assure that there won’t be any third party interventions to the emergency fund?
You have only three partners, CARDENCE as a launchpad partner, KRYPTONITE as a marketing partner, and METALAMP as a development partner. What are the mutual benefits of these partnerships? You will be adding more partners in the future. If someone is interested in applying for a partnership, what is the procedure? There are three categories of your current partnerships. Will you add more categories or build up more partnerships under existing categories?
Currently, you have $AUSD as a soft-pegged stable coin. You will be creating more fiat-pegged stable coins by the end of 2022. What is the purpose of creating own stable coins and how does that process generate a profit to your project? What type of stable coins will be released within this year? What will be the utilities of them on your platform? If someone wants to get some stable coins as an investment, can they use exchanges or should they join ADADAO to purchase them?
Good day!
ADADAO Governance must take the required actions to mitigate risks in order for the ADADAO Protocol to function properly. Some of these threats are listed below;
1. A malicious attack on the smart contract infrastructure by a bad actor: for example, a programmer who discovers a flaw in the deployed smart contracts and then exploits it to break the Protocol or steal from it
2. A black swan event: A black swan incident is a rare and serious system-wide surprise strike on a Protocol.
My Question; What does your project team have on ground and what are they currently working on to fight of these possible threats? Can you assure users that they are protected from these threats and there is maximum security of their assets on the ADADAO protocol?
ADADAO. Ada is a feminine given name that means “NOBLE” or “HAPPY” and in some languages it is given to the first daughter of the family, and as we know DAO means Decentralized Autonomous Organization, a system to automate decision making including assigning voting. So does this means the idea of this title is used to indicate how happy your DAO sytem is? Just guessing though. So is it possible we get to understand the title of your project? What does ADADAO means? And why do you choose this name for your project? Are you naming the project after your loyal team member? How does the name represent the goals of the organization (project?
When I read the ADADAO whitepaper I noticed that you mention a black swan event. What does this mean? What is this event about? What are the negative consequences of this event? What tools do you have to prevent this event from happening? Can you explain in detail how this event occurs and what produces it? What is the probability of this happening?
What are your solutions if there are not enough active keepers at a certain time to be able to keep the stable target price of $1.00?
What are the benefits of holding AUSD as compared to many other stablecoins in the crypto space? Why should we pick to use AUSD as our stablecoin compared to others?
Having read the whitepaper, you mentioned a lot of risk parameters and mitigation responsibilities. Can you please expound about the black swan event and your necessary steps to be able to solve it as soon as possible?
Thank you for this opportunity. My question is what is the relationship between Satoshi club and Business Age of Empires. And why does Business Age of Empires project not have a contract address yet?
What is the main strength and differentiator of this project with other projects so as to convince us that this project will be able to survive the competition in the crypto world?