We are pleased to announce our next AMA on April 26th, 2022 at 01:00 PM UTC Time: Satoshi Club x Flask
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Flask Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Flask Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Flask
For more details:
Flask Website – flask.capital
Flask Telegram – @flaskprotocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Unfortunately, I missed the first round of your pre-sale. Since I hope to purchase tokens from the second round, I joined Discord according to your instructions. However, I could not find any information about the second round. I could not find any details in your Telegram Group too. Do you actually conduct a second round? When compared to the first round, what will be the differences? How should we prepare ourselves for the presale? Please let us know all information including token price, supported currencies and minimum-maximum limits.
Your DAO has three main roles, Project Owner, Core Contributors and Community Members. Please elaborate more on the responsibilities of each role. Currently, community-centered projects are becoming popular. Do community members pay a vital role on your platform too? To be considered a community member, should a user hold a specific number of tokens? Can members communicate and interact with project owner and core contributors?
I read that $FLASK is backed by a treasury. Moreover, I saw you have already sold more than four million $pFLASK. In addition, you will be launching $gFLASK by the end of this year. Please separately explain the utilities of $FLASK, $pFLASK and $gFLASK. How does this token model work? How should we earn these three types of tokens? Are they inter-changeable? If a long term investor hopes to invest in your project, what is the best option, $FLASK, $pFLASK or $gFLASK?
Talking about your roadmap, I noticed that there will be 2 versions of launches both in phase 2 and phase 3, The launch and the launch v2 and also there there will be Bonds v2 and v3. Can you please elaborate on the two versions of launches of the platform? What are the difference between the two versions of launches? Why is there not a first version of the Bonds? What are the unique features of each version of the Bonds?
I understand that the DAO will have a hierarchical structure with three types of members; The contributors, the advisors and the community members. Can you enlighten me about these three hierarchy? How do they function together for the growth of the community? Will the Advisors be part of the community? Can you tell us how the Flask DAO will work? How can community members be part of the Flask protocol DAO?
Many DeFi projects just hyped in a short time then failed to grow because of low marketing and bad maintainance. What’s your strategic plan to develop Flask to become the long term DeFi project ? Do you confident that Flask could attract many DeFi users to join your ecosystem and gain more profits ?
Back again every DeFi projects are very sensitive with security audits due to many DeFi smart contracts being attacked by hacker that cause lose of many investor’s fund. Could you tell us about your current progress of Flask’s security audit ? How do you ensure people that every asset that stores on Flask are safely guaranteed ?
You express that you have formulated Flask to produce sustained sustainable growth for all its owners. Also called “The Decentralized” Chemical Currency. Can you define Flask more clearly? Can we say that it is a Defi project? What problems does it focus on solving? What opportunities do users and investors offer?
From the roadmap and social media accounts of your project, I see that it is a very new project. However, it is still pre-sale. Recently, I have seen that many projects that have been invested in the early period have made a loss for their investors. Of course, the general situation of the market is also effective in this. How will Flask Capital follow-up so that its investors who invest in the early period do not make a loss? Can you explain what advantages await investors who invest in Flask Capital early? Why should we attend the next pre-sale or public sale?
In the whitepaper of your project, you state that FLASK is not a stable coin, but it is supported and its value is determined by your NGU technology. I couldn’t find enough information about your Number Go Up technology. Could you explain more about NGU?
Looking at the Flask protocol I saw that protocol is using the Avalanche Network as the primary blockchain for the platform. Why did you decide to start with the Avalanche Network? How will the Avalanche Network improve the overall qualities of the Flask protocol? Can you give details of this blockchain functionalities in terms of speed and transaction fees? Will new Networks be included in the near Future?
I read from your docs,that whenever someone purchases a bond ,a set amount of FLASK is minted.This FLASK will not be released to the bonder all at once ,they are vested to the bonder linearly over time.Can you explain to us the reason why all Flask tokens are not released to the bonder all at once? What’s the advantages of releasing the FLASK linearly?There are two (2) types of bonds, the Reserve bonds and the liquidity bonds little explanations where given about this bonds,can you please give detailed explanation of these? Thanks.
At first glance my impression is that FLASK is a fairly complex platform, what opportunities do they offer to new investors who are just migrating from the traditional system, what tools do they offer to that community so that they join DeFi with confidence and security, and in turn serve as a link to promote mass adoption and create a positive impact on the crypto culture?
I noted that,for funding,the DAO will be funded by a percentage of the FLASK tokens minted during the bonding process vai the pay -out per bond mechanism that will go out to the DAO .Is there a fixed percentage that goes to the DAO?You also said that the fundings will go to development, marketing,and other expenses funded by the DAO.Can you tell us how funds are being distributed to the development and marketing department of your project?what other aspects does the funds from your DAO cover? kindly explain.
Concerning Flask bonding,it is stated that whenever someone purchases a bond,a good number of $FLASK will be minted.So can you tell us the process of purchasing a bond,the price of purchasing a bond and the amount of bond to purchase that will be enough to mint a set number of $FLASK?So after successfully purchasing a bond and some $FLASK have been minted,will the users known as bonders receive the some $FLASK thereafter?How will the bond be calculated so as distribute $FLASK fairly to the various bonders?Please explain Thanks
Many investors invest expecting short-term profits without deeply analyzing the benefits they can obtain in the long term, how can Flask motivate its investors to keep their tokens, what are the tangible and lucrative benefits they can obtain by contributing to the evolution of the ecosystem What are the main reasons to invest and risk investing in Flask as a new project in such a tenacious and competitive market?
I understand that a DAO is a decentralised, autonomous organisation. The DAO of Flask platform will be funded by a percentage of the FLASK tokens which will be minted during the bonding process through the payout-per-bond mechanism and this funding will be used to pay for development, marketing and other expenses incurred by the DAO. Can you elaborate more on payout-per-bond mechanism? What are the processes of acquiring a bond? What percentage of the FLASK token will be used to fund the DAO? And what other expenses would FLASK token be used to pay for asides development and marketing?
I see that your DAO has a hierarchical structure with three(3) kinds of members; contributors, advisors and community members. What are the specific roles of each of these members? You also made mention that anyone who wants to join your DAO will have to participate in your governance. Can you explain how your DAO is structured and how it will function? How can users participate in the governance? Do they have to stake FLASK token to be able to participate? I would like to know when your DAO will become official and what percentage of it will go to the community members.
As a DAO project, what are your priorities, what are the main risks to which your investors are exposed, what are the characteristics that give you integrity and greatness, how do you plan to grow your community and how do you plan to strengthen and prepare yourself to face market vulnerability? ?
It caught my attention that on your whitepaper says that Flask will be distributing it’s token $FLASK, via an IDO, which is an Initial Discord Offering, can you tell us more about this event? Why did you decided to make your initial token offering based of Discord and your users there instead of using the whitelist method we are used to? How will this offering exactly work? In order to be able to participate in this event, what kind of requirements your Discord users need to meet? Also, what are the advantages of conducting an initial offering like this instead of doing it on the “traditional” way?
In your roadmap I saw there will be staking V2 and staking V3, can you give highlights on the differences between these Versions of staking? What characteristics does the staking V3 has compare to the staking V2? What benefits will stakers have with the Vesrions of these staking? What is the APY offered in each of the Versions? Is staking V1 currently available on the platform? Can you give details of the V1 staking protocols? How is the percentage yield calculated? I learnt unstaking is always honoured, will users be charged for unstaking before the giving period? Please kindly elaborate on the staking protocols?
It caught my attention to know that FLASK, has three (3)tokens $FLASK,$pFLASK and $gFLASK which will be launched later in the year,of which two(2) are currently in use the $FLASK &$pFLASK.kindly explain to us the used cases of each of these tokens,For a new investors that plans to invest in your project which of these tokens will he/she invest with?Does holding a $FLASK or $pFLASK determine the type of reward a user will enjoy? Which of this tokens are of greater value?What will be the function of the new token $gFLASK that is yet to be launched? Explain. Thanks
FLASK mission is to continually produce sustainable $FLASK growth for all your holders.So can you tell us the different techniques you have establish to reach such goals?Does that also mean that $FLASK token could be set to see a bullish even when their is a volatile fluctuations of the crypto market or even when (bearish),or will you say $FLASK is like a self-sustaining crypto market of its own?And will you include Burning of $FLASK token to increases the value of circulating currency for its holders and what reward system have you implemented for holders of $FLASK?Please explain Thanks
I read that FLASK is not pegged but pegged and it is not a stablecoin. You said every FLASK in circulation is backed by a treasury reserve comprising of stablecoin and non-stable assets. What is the essence of the backing if it does not ensure FLASK stability? Why is it necessary for FLASK token to be backed by both stablecoin and non-stable assets at thesame time and how is the treasury reserve fund generated or kept? Also, it is said that the value of FLASK is determined by your patented NGU Technology. Can you tell us more about NGU Technology which is a unique market innovation of yours? How does it influence and determines FLASK value?
I saw that in your attempt of achieving success, Flask has implemented into it’s business model something called the “Game Theory”, can you give us more information about this interesting addition into your project and the importance of cooperative strategy within FLASK? How does this Game Theory exactly work? How is this Game Theory applied onto the platform and the services Flask provides to its users? How does it really help you achieve excellency and stand out from similar projects that haven’t implemented this kind of concept into their business?
Hello Flask team!
Looking at the DAO structure: It was stated that the DAO will be funded by a percentage of $FLASK minted during the bonding process via a “payout-per-bond” mechanism which will go to the DAO. Can you shed more light on the DAO?Please give details on the bonding process. What does the “payout-per-bond” mechanism entail? How does the “pay-out-per bond” mechanism work? What expenses incurred by the DAO will the generated funds be used for?
Hello Flask team!
Looking at your vesting schedule: I understand that all $pFLASK tokens that were awarded during the presale stage of the the project will be subjected to vesting period. Can you give more details on this vesting period? How long is the vesting period? You also stated that all unvested $pFLASK will be automatically sent to the DAO address at the end of the cliff period and these tokens can be redeemed. My Question is; under what conditions will these tokens be redeemed? what time will it take to redeem these tokens? Will the DAO be in charge of determining when to redeem these tokens?
Taking my time in going through details about your platform, I Noticed that your light paper is still undergoing upgrades as it was stated that you would continue to add more documentation with time..but with the information provided, I learnt that Flask uses A Governance token $sFlash, that would be used to vote on Rebase Parameters, and decide which project to support in the future, with this giving information, can you please Enlighten us about These REBASE PARAMETERS YOU MENTIONED? what does it Signifies in your Platform? & I would futher like to know about the $sFlash Governance Tokens mentioned In these Sentence, how is this government token Obtained in your Platform? And what Use does it give users apart from making decisions? Thanks
From what I read in article,you held an event know as the “Synthesis Event” and during that event about $43,413.65 was raised So can you briefly talk about this events and what it entails since all missed it?The money raised will actually be implemented on what?And this this event was successful because of the whole degen community of Good Boys Labs.So can you tell us more about Good Boys Labs and what connection it have with Flask?Will you in the future hold more events as such?Please explain Thanks
With the Little knowledge I have about VCs, VCs (Venture capital) funds are composed of a pool of investors wishing to make a considerable amount of money quickly. Now the fact that VCs fund Managers spend considerable time in reviewing thousands of projects to determine growth potentials, and your Platform Flash is Giving that Flash is said to have the Soul aim of providing a sustainable community driven alternative to traditional VC backed Projects. can you please Help In Elaborating more on the Roles of the Alternative VCs you mentioned? Is the community also part of the Alternative VCs you mentioned? how do intend on Sourcing Projects to be Backed by these Alternative VCs? And How would the Community become part of these VCs? Thank you
Community Plays a vital Role in every Projects Progress, and giving the fact that your Platform holds it’s community with high standards by including them in being part of your platform, my My basic area of Curiousity here is the role of Community Members”, can you please help in elaborating more on how your platform FLASK create avenues for it’s community members to take part In the Structuring of your Community? What sort Contributions I expected from the community members? And what do we as a community benefit in being part and contributing to the Structure of these Community?
Hello Flask Team!
Looking at your governance framework; You mentioned that starting the DAO will use a centralised bootstrap approach in order to speed up the development process. How will these centralised approach be structured? Who will be incharge of decision making under the centralised approach? How long will the centralised approach last? As time passes by, will this centralised approach be changed to a decentralised approach so as to give the community governance over the DAO?
On the FLASK home page you mention that you have a formula to continuously produce sustainable growth for all your holders, so could you tell us how this formula is composed, show us how it works and what are the elements that guarantee that this sustainable growth exists in FLASK and that, above all, the holders will benefit from it?
I read that FLASK started a project called “Good Boy Labs” in an attempt to make DeFi great again, can you tell us more about this project? What kind of project will Good Boy Labs be? What will it offer to users? What will make Good Boy Labs different from others? How will it exactly help you on your goal of changing DeFi and the way it is perceived by users on today’s society after all the projects with no integrity that have scammed people during all this years?
scams abound in the cryptoverse and in your twitter you mention that you are tired of projects without integrity and for this reason you started @goodboylabs to do something about it. so, besides this reason, what are the other problems you want to solve through @goodboylabs, especially with @flaskproject, I know you mention that, @flaskproject will make DeFi great again, but, what are those features that will distinguish you and make DeFi “great” from your perspective and how will the users who participate benefit from it?
Can you tell us more about Good boy Labs? I read that it is the organisation that controls FLASK and that it has other additional products that make up the Good Boy Lab Ecosystem. What kind of control does Good boy Labs have in FLASK and how is the team composition designed to overcome the failure and incompetence of previous projects that are unsuccessful? what are the other ecosystem products of Good Boy Labs that are beneficial to FLASK users and how will you operate to promote a pro-equality culture?
You said that your protocol revolves around a game theory cooperative strategy which cut across Stake, Bond and Sell. Can you explain what each activity involve and the procedure to go about it? What does cooperative strategy involves and how is this strategy used within FLASK? What makes cooperative strategy important and an essential practise in FLASK and how does it benefit users?
Could you share with us what are the innovations or trends that will be in FLASK, tell us a little about the benefits offered to investors who acquire $FLASK, that is, what would be its main use cases, how do you guarantee that by investing they will be able to multiply their investments, I know that every investment is a risk, but what are the guarantees that you offer to your investments, what is the formula that you mention that you have built to guarantee the sustainable growth of those who invest in $FLASK and finally tell us, what should the interested parties do to participate in your #DAO?
Without a doubt, the constant concerns of every investor is the security, the transparency of the project and the profitability that it possesses, so, would you please share how FLASK proves to be a secure, transparent and profitable project, Tell us a little about the actions you have taken to preserve the security of your users and the assets you invest, also tell us how FLASK can demonstrate that it is a transparent project and that each investment that enters the project will not disappear and finally, what characteristics does FLASK have to guarantee profitability this year and the next years to come?
Hello Flask! As I see in your 2022 roadmap, the first planned events for Q2 is Whitelisting through gaining 10K holders amd your dedication to community engagement. Would you share some details of whitelisting process as well as the actions you take to prove Flask community engagement? Furthermore, as the 1st round of presale is already over, is it still possible to join the second round? What the interested ones should do to participate? Thank you!
You say that users won’t find a DAO with the kind of pro-equality culture born from failure and the incompetence of the previous team. Your alignment is with every degen out on the cryptoverse who has been done dirty, cheated, and rugged. Could you explain what do you when comparing yourself with the “previous team”? Has the Flask Capital project been conducted by some other team? What makes the difference now and what are the main features that will lead Flash Capital to success? Thank you!
Staking is a well known and very effective way to earn passively in the DeFi space but going through your website, I observed another term i.e BONDING. I really don’t know about bonding; what is bonding and how does it work? Is bonding in anyway similar to staking? How do I go about bonding of $FLASK tokens? Is there a set minimum amount of tokens that can be bonded? What rewards is tied to bonding of $FLASK? Can I stake and bond $FLASK at the same time? How will rewards for staking and bonding be calculated? As it is possible to unstake, can I unbond too?
You platform Flask, seems to be very complicated and not as easy to understand, as I found it very difficult to comprehend how it can be of Benefit to Users who are new in Cryptocurrency. In this regard, I would like to know how would Flask platform provide benefit to investors who are looking for a Secure avenue to invest in? Can you talk about the ways that Investors can Invest in your platform to achieve passive income? Please kindly explain in a more simpler way about your vesting and Staking Programs you have in your platform, what are thier utilities and how can we make use of them?
From my research on FLASK platform, I observed that the project is a very new one. One thing for sure is that; strategic partnership plays an important role in the development of any DeFi project. Considering the fact the the FLASK project is still a young one; can you tell us about your partnership plans? Who are your current partners? Which other partners should we expect to see? How will you guarantee us that FLASK project will stand the test of time and remain afloat in the ocean of major DeFi flagships? What are your user retention as well as marketing strategies?
I searched On your twitter handle, I saw that At FLASK, community is always the key, you are putting your community first by Building the protocol for the community and even Becoming a #Metaverse? I also noticed that you are also Rewarding your community with NFTs ,and more#Giveaways. this is quite interesting to take note of, I would like to know how we can participate in these Giveaways, I hope it’s still on?, & can you tell us how far you’ve covered in building your communities protocols? How about the Metaverse you mentioned? When are we expecting to get the metaverse Experience in FLASK?
competition exists and in today’s market is fierce, so what are FLASK’s plans to gain market position, tell us a little about what differentiates it from other projects, why the investor should trust and participate with you instead of the competition, what are the advantages that you offer and share, what plans are you developing right now to make FLASK known in the market and achieve a good adoption by each type of community; does FLASK have communities of different languages or is it just a local project?
I read that the FLASK development and design team is working hard to offer you one of the most attractive and functional DApps in history, so, could you share a bit about this design, tell us what are the most attractive features you are building, how the functions you will have in this DApps are different from the ones that already exist in the market and finally share with us how accessible FLASK will be for the users, how much will be the minimum amount to invest to participate and receive benefits?
There are many DAO projects that have DAO in their name but do not care about the opinions of their users. How important is its community to Flask Capital? Will the community have the sole say in important decisions about the project or will the project managers have an impact on the decision?
Unlike other projects, Flask Capital has a no ICO, no pre-mine and no-whales approach. What is the difference between ICO and IDO? How will you prevent whales from coming?
What are the uses of the FLASK token? Is there enough space to keep the price stable in the long run?
There are many DAO platforms available today. What distinguishes Flask Capital from other DAOs?
Does the FLASK token have an audit certificate approved by an organization in terms of security?
What is the Game Theory that Flask Capital mentions on its site? How can we contribute to investors?
You plan to operate a governance organization structure comprising of contributors, advisors community members. Can you describe the composition of each of the layers, their responsibilities and how your governance framework is designed? What is the requirements to join any of the DAO hierarchy? You also said that your DAO will be funded by the percentage of FLASK token minted during funding. Is this a form of salary for DAO members or why are DAO members funded? Which of the 3 DAO components receive this funding?
Flask claims that is similar to any other DAO but without the intervention of the capital ventures, there is not ICO or pre-sale, so can you explain us how do you plan to create value to you native token?
I read that the flask token is backed with the good labs boys, so Is the Flask token a Stablecoin?
Q1. I have been using Flask it for a variety of things including to-do lists, shopping lists, goals, items-to-pack and wishlists. What is making this use, different for users?
flask is the simplicity, ease of use, and lack of any barriers to get started. How is this exposed within the platform for users?
FLASK is backed by a treasury with assets purchased through bonds approved by Good Boy Labs’ governance structure. Your patented NGU technology determines the value of FLASK. Could you please provide us an understanding of Good Boy Labs? What other functions will it fulfill in your ecosystem? What is NGU technology and how does it work? What value will it add to your members?
Hello, the Flask team.
While studying the documentation for your project, I noticed that you refer to a certain patented Number Go Up technology. Unfortunately, the documentation about it says only in general words how cool it is, but the essence of the technology itself and its mechanics are not disclosed. Please tell us how this technology works, what is innovative about it? How is the value of the token ultimately determined?
Hello, the Flask team.
While studying the documentation for your project, I noticed one interesting point. According to the roadmap, you are going to launch autostacking in the 3rd quarter of this year, as part of Bonds v2 and further as part of Staking v2, you want to offer smartstaking to the community. If the first variety is absolutely clear and familiar to me, then smartstaking is a new concept for me. Please tell us how it should theoretically work and what is its feature?
Hello, the Flask team.
While studying the documentation for your project, I noticed one interesting point. You claim that you will maintain the stability of the token through innovative products, but I did not find a reference to them in the documentation. Tell us which products will contribute to the stability of the token and motivate participants to keep it and not sell it at an attractive price?
Hello,
From my research, I saw that FLASK is goodyboylabs’ first project. Also, the platform happens to be built on the Avalanche chain. Can you tell us why you had chosen AVAX chain for a start? Does the use of AVAX chain address the Blockchain trilemma of security, scalability and decentralisation? Are there plans to further expand the compatibility of the platform with other chains (Multi-Chain functionality)?
On your Twitter handle, I noticed that your AMA session with our community here today will be FLASK’s first AMA session. This means the project is a new one. Can you brief us on the various ways in which you aim to draw users to your platform apart from AMA’s? Are there any community reward/airdrop programs that is currently on going that a user can participate in? In what ways do you receive feedback from your community? Lastly, what do you have in place in the direction of security?
On your Twitter handle, I observed three projects names that was mentioned and they are; goodyboylabs, FLASK and snowdogDAO. I’m not quite clear on relationship between these three project names listed. Please, elaborate on each project. Can you briefly describe the role of these three project names mentioned? Are you some sort of partners? How did the FLASK project come about? How will the relationship between these projects help to boost user’s experience in the FLASK platform?
Flask is built by a community of researchers and developers with the goal of providing a sustainable and community driven alternatives to VCs backed project. It was interesting to have found out that the project has no ICO, no premine and no whales. Since there is no premine and ICO, how will funds needed for the project’s development be raised? Speaking of “whales”, how will you ensure indeed that there wouldn’t be whales? Is there a limit to the number of tokens that a user can buy?
In your paragraphs about Alternative VCs, what could you mean by that? Does it mean that your Platform Flask plans to Serve as VCs to upcoming projects? If yes, can you kindly clarify on how we the users of your platform can be able to also participate in becoming an Alternative VC? How exactly do you plan to carry out this services? What types of projects would you be financing and how do users in your community get back interests from the investment they are able to make?
Can you explain further about the Alternative VCs mentioned on your Whitepaper? Because I saw that Flask is providing a sustainable community driven alternative to traditional VC backed Projects, with this piece of information, we all know that Generally speaking the traditional VCs funding describes a pool of investors looking to multiply their investment by investing early in a company or platform. since you mentioned Alternative VSc, can you tell us how this Alternative VCs would function? And do every member of your community have rights to participate in your Alternative VC program?
It is also important to note that The security of investors funds is very useful, so, with the direction of the alternative VC, I assume that it would definitely include Community members providing funds, therefore I will like to know if users assets are completely safe with Flask platform. Furthermore ,The Idea of your Alternative VC strikes new to the Public, as it was mentioned in your docs, can you explain in an Easy way on how the Alternative VCs proposed by your platform works? What could be the role of your community in the Alternative VC Program? Kindly give us an insight on the activities that is expected to future in the Alternative VCs roles in your platform.
I read on your website that the first round of presale of your project has been conducted already. The second round of presale is going to be held soon. Can you please tell us more about your presale information for those who missed it? How successful was your first presale and do you have any priority for angel investors? Further, how big are your team and the information regarding your team is available of four members only? Do you have any plan to go doxxed or not?
misbahijaz06@gmail.com
What is your strategy for building a strong community? Do you agree that the power of community will lead your project to develop globally? What services do you provide to the community?
Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?
What’s your main focus right now, are you focused on the community or market/Exchange or the products?
What was your Motivation to build Your Project ?
and what is your vision and mission now?
What is the biggest achievement when you first started till now…?
What is your strongest advantage that you think will make your team leading the market?
The NFT is a popular topic right now, what are your views on the NFT? Is there any plan to add NFT to your project in future?
Can you share Your opinion about Defi & NFT ? What makes your NFTs rate and special?
What are the competitive advantages of your project? What advantages do you have over competitors? What would be your project secure most similar contender in the market today in terms of scalability, security, features, and adaptability?
Currently a lot of people are looking at NFTs, metaverse, and games. Can you tell me what advantages will you have in this field future?
“GOOD BOY LABS is the organization that controls FLASK”, Can you expound this statement? Who are the people behind this organization, how many individuals are involved, are they doxxed or anonymous? What are their major contributions which will drive the FLASK to succeed? Is it possible for anyone to join in GOOD BOY LABS organization?
You have the Totality of Three Major Native Tokens revolving around your ecosystems which is consisting of $FLASK, $pFLASK & $gFLASK. What could be the reason behind using three major tokens in your platform? Can you state their functions and utilities in the entire Flask Ecosystem? What was the main purpose of generating this tree tokens, and in what ways would they be of Use to both users and your platform as a whole? Can you also talk about how this Three tokens can Acquired? Which among the three is Usable outside your platform? Can they be tradeable?
You have the Totality of Three Major Native Tokens revolving around your ecosystems which is consisting of $FLASK, $pFLASK & $gFLASK. There are many Exchanges to which Tokens are being listed on. Have you been Audited Yet? I will like to know about the exchange you intend to list any of these tokens on? Do you intend to list your tokens on a CEX (centralized exchange) or A DEX (decentralized exchange)? When should we be anticipating to use any of the three major tokens to Trade? Can you kindly specify to us about the need of Getting your tokens in this early Round?
What could be the main priorities of this Project?, in terms of development and structure, on what area are you currently focused on building upon and improving? how do you plan to grow more awareness about project and also build up a solid community? What are set goals before the End of this year 2022? Listing your tokens is also very important and is worth putting into consideration, so I will like to know about your plans on the kinds of popular Exchanges you plan to lists your tokens on before the end of the year?
The FLASK logo is distinctive and implies chemical handling. When did you established the project, how it was born? Is it an officially registered company? Are the team members a group of chemist? Also, I noticed in your website that Team is somelike anonymous, do you have consider to introduce yourselves in public inorder to boost trust from investors, else, why do you prefer to remain anonymous?
I understand that $FLASK has an intrinsic value of 1 DAI, which is roughly the equivalent of 1dollar and In order to make profit from Bonding, FLASK capital ventures charges a premium for each bond. My Question is: How will this premium charge for bonding be determined? I saw a formula written: BondPrice= 1 + Premium.. can you explain this formula to us? What does BCV mean as related to the Premium?
On your litepaper, it was stated that bond payout determines the number of $FLASK sold to a bonder and for reserve bonds, the market value of the assets supplied by the bonder is used to determine the bond payout. Firstly, what is bond payout and how does it determine the number of $FLASK sold to a bonder? Explain the reserve bonds and how it works. How is the value of assets supplied by the bonder used to determine the bond payout as related to the reserve bond? If possible, site an example to further boost our understanding of these terms
I noticed “Debt Ratio” on your litepaper. Can you elaborate on this? How is the debt ratio used to measure the debt of the system? You stated a formula; debt ratio=bondoutstanding ÷ FlaskSupply. please explain this formula to our community.. what is “bondoutstanding” as regards to the debt ratio formula stated above? How is bondoutstanding determined?
One of the disadvantages of DAO projects is slow decision making due to majority voting. How does this project tends to address this flip side in order to make decision making and execution swift.
On the FLASK home page you mention that you have a formula to continuously produce sustainable growth for all your holders, so could you tell us how this formula is composed, show us how it works and what are the elements that guarantee that this sustainable growth exists in FLASK and that, above all, the holders will benefit from it?
Can you explain in detail how the decentralization of the project works?