We were delighted to welcome our guest from Creator. The AMA took place on September 6th, 2021 and our guests were @tony_ctr @Vivian_CMO_CTR.
The total reward pool was 500$ and was divided into three parts. In this AMA Recap, we will try to summarize some of the most interesting points for you.
Part 1 —
introduction and questions from the
Telegram&Bitcointalk community
Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club!
We are pleased to announce AMA with Creator!
Tony Tran: Hello guys! It’s a pleasure being here, thank you
for hosting us @Satoshi_club. Looking forward to a great AMA!
Vivian: Hi everyone!
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi
Club, @tony_ctr @Vivian_CMO_CTR !
Vivian: Great to be here today!
Andrés M. | Satoshi Club: Welcome to Satoshi Club, how are
you today?
Tony Tran: We are greate, wating question from the community.
Gold Rocket | Satoshi Club: Thanks for joining guys! 😊
Let’s
start! 🚀Introduce yourself please. How did you get to be involved in crypto
& Creator
Tell us
please about your position in Creator😊
Andrés M. | Satoshi Club: We have collected the best, but
let’s begin with a short intro 😃
Tony Tran: thanks @GoldRocket27
Tony Tran: My name is Tony Tran, the CEO and Co- Founder of
Creator. I have started my career and worked
in the IT industry for a course of 15 years, in which almost 10 years
specializing in Blockchain, IoT, and AI.
Tony Tran: I am really an IT geek who always keeps learning,
experiencing and updating to catch up with new technologies. I would never miss
out on any new technological changes.
Tony Tran: So, in the age of blockchain’s breakthrough
development, I have geared up for many new projects in the field, beginning
with Creator as a BaaS platform, to make blockchain more accessible and empower
the economy.
Tony Tran: Please meet our CMO @Vivian_CMO_CTR
Vivian: Thanks Tony
Vivian: Good afternoon guys, It’s Vivian, CMO of Creator.
Gold Rocket | Satoshi Club: nice to e-meet you😍
Vivian: Well, you guys should know that Tony and I are
like-minded colleagues and friends.
I have
been developing successful marketing strategies for many enterprises,
particularly in the IT industry.
Vivian: Seeing a huge wave of blockchain and
cryptocurrency, as well as its wide-ranging applications, I have got intrigued
and felt the urge to jump in and exploit the potentials of this new technology
advance.
Gold Rocket | Satoshi Club: great background
Gold Rocket | Satoshi Club: You are very passionate about
what you do and it is immediately felt😍
Gold Rocket | Satoshi Club: Give us a brief introduction to
the project. What is the essence of Creator
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 Creator
Tony Tran: Well, we already started this project since last
year
Andrés M. | Satoshi Club: It’s a pleasure for us to have
great personalities here
Andrés M. | Satoshi Club: Wow, and currently you have a big
Telegram community
Tony Tran: Blockchain-as-a-Service is a solution allowing
users to build blockchain applications and digital services on a distributed
network with minimal hassle. This allows higher agility and quicker blockchain
adoption. Blockchain applications are becoming more and more desirable, but
they can be challenging to set up for smaller businesses or organizations with
limited IT resources. Therefore, Creator – a
BaaS platform has been established to provide professional assistance
for users to easily deploy blockchain into constructing their apps or stores.
Tony Tran: Creator is a Baas platform which provides No Code
Smart Contract, Low Code DApp and other services to empower the DeFi and NFT
world.
Tony Tran: Creator’s blockchain features shall broaden the
gate for every game studio and developers to enter the gamified NFT and
Blockchain industry.
Tony Tran: Creator is outstanding for 4 main features: No Code Smart Contract, Low Code DAPP, Loyalty program, and Defi services.
Andrés M. | Satoshi Club: In the future will go to more
chains different from eth, BTC and Dot?
Tony Tran: yes, Currently we started with ETH, we soon
support BNB and DOT
Gold Rocket | Satoshi Club: Lovely intro👏👏👏
Gold Rocket | Satoshi Club: Also we would like to know more
about your team. Who is on the project team core?
Tony Tran: @Vivian_CMO_CTR please help me to intro our team
Vivian: Sure, I would love to do it
Andrés M. | Satoshi Club: It seems you are a public team,
that’s excellent
Vivian: Creator has a strong team of blockchain experts,
design masters, and development talents all of whom have 5-8 years of
experience in IT and blockchain.
Furthermore,
our project is backed by VMO Group – Top 10 IT company in Vietnam and is a
company leading in next-gen technology (Blockchain, AI/IOT/ML)
Vivian: In addition, Creator is forming long-term strategic
partnerships with big investors such as Master Ventures, Kardia Ventures and
Exnetwork Capital that will definitely support with excellent advice
Andrés M. | Satoshi Club: Thanks for the clarification, I
would like to know how did you choose the name of the project?
Gold Rocket | Satoshi Club: How big is your team?
Vivian: Oh yes, We have a team of 15 expert developers and
also 10 people in Marketing Team
Tony Tran: Well, our service is focus to support creation
product, like song, painting… so we call it Creator
Andrés M. | Satoshi Club: I like it, clear and simple
Gold Rocket | Satoshi Club: I find it great when creativity
intersects with blockchain. And the creator goes to the future🚀😊
Andrés M. | Satoshi Club: Thank you so much for the
introduction.
Gold Rocket | Satoshi Club: Thanks for great introduction, we
will have several questions selected for the Part 1. Ready to start?
Vivian: I’m readyyyyy
Q1 from
Telegram User @Emidm28
You
recently announced that Creator officially becomes the incubator for an NFT
game about dragons – Dragon Age. I read that Creator offers game owners the No
Code Smart Contract and Low Code DApp features. My question is … in what ways
will Creator’s BaaS platform contribute to the booming of gamified NFT? Can you
delve a little more about the features you offer? Is the Dragon Age game using
both features?
Tony Tran: in short, we will provide no code Smart Contract to
a game can generate their own token.
Tony Tran: then with our Block chain core, it will provide all
APIs need for any blockchain service for in-game action
Tony Tran: On Creator, we will provice an NFT market place,
then user can trade all NFT from that game.
Tony Tran: All this will come in October.
Tony Tran: Next step is we will have a launching platform,
specially for game.
Tony Tran: just a short sharing, we will share more detail to
the community very soon.
Gold Rocket | Satoshi Club: Btw will be nice if you share
your roadmap with us please 😉
Andrés M. | Satoshi Club: Exciting features coming 👏
Vivian: Currently we have finished our testnet and we are going to release a new add-on on our platform which is Staking at the end of the Q4.
That will
be a good chance for Creator holders to gain more benefits from holding our
tokens.
Gold Rocket | Satoshi Club: thanks for great answers and
clarification😊
Andrés M. | Satoshi Club: Has the APR been established?
Vivian: We are working on it 🙂 and let you guys know very soon
after the IDO
Gold Rocket | Satoshi Club: Ready to proceed to the next
question or want to add something?
Vivian: We can’t wait for the next interesting questions
!!!
Q2 from
Telegram User @yellowchamp
On your
Roadmap Q4 2021,you plan to launch a Storage service test version and Loyalty
service test version,moreover you plan to have a Staking features in multiple
platforms. So with this plan of yours,can you share an over view about your
Storage and Loyalty service test version? How would be the Storage and Loyalty
service be utilized and be implemented in Creator platform? As you will launch
its test version,what can we expect from it and when are you going to launch
its beta or higher version for Storage and Loyalty Services? Lastly,as you plan
to have a Staking features in multiple platform,can you give us a hint which
platforms you plan to launch your staking? Why you launch staking in some other
platforms but not in your own platform? Do you also have plan to launch staking
in Creator platform? By the way,can you tell us what would be the highest APY/APR
of your staking? Thank you
Tony Tran: for Storage, as we need to tokenize lot of NFT, so
we will make it very high capacibily and it will be ontime, we will share you
the alpha version when we are ready.
Tony Tran: for Loyaty, yes, it’s very important with all
system for get users stays at their service. Our plan is provide a cross-chain
loyaty service which will support all chain, and CTR will be use for pay user
loyaty or increase user ranking.
Tony Tran: I really love to hear the question about Staking.
We planned to spend this new after the IDO but yes, I can hint a little bit
that Creator will have own staking service. It will really be benefit for
Creator holders and complete the Creator Ecosystem.
Tony Tran: the APR is not confirm yet, but arround 10-30% base
on how long user stake.
Andrés M. | Satoshi Club: Got it, so apart of that, what
are the main utilities of your token? $CTR
Vivian: To begin with, the CTR token can be used to pay
fees for the BaaS infrastructure as well as any transactions on the Creator
platform.
At the
same time, holders can use CTR to purchase NFT of creative items on the
marketplace, which can be exchanged for loyalty points, vouchers, gifts, or
parachain rewards.
Vivian: You may also use the DeFi protocol to switch from
any other token. Holders can raise their membership status and reap additional
benefits from the ecosystem.
Vivian: CTR is interoperable with other chains such as
Ethereum, Polkadot and Binance.
Vivian: Creator commits to offer you an optimized cost,
full fit service and shorten go-live time.
We are
delighted to announce that we are working on staking and farming to attract
holders. Please follow us on our social media platforms for additional
information. We’ll keep you informed
Andrés M. | Satoshi Club: Fantastic, great reasons to
invest👏
Gold Rocket | Satoshi Club: Thanks for great answers
Vivian: Thank Guys 🤩
Gold Rocket | Satoshi Club: Ready for the next question?
Q3 from
Telegram User @Jonahapagu
Amongst
the features on your platform, the Loyalty Cross-chain feature is an
interesting one. It is said to be an entire service for loyalty programs on the
blockchain. Saving deployment costs, short go-live time, reducing transaction
fees, cross-organization redemption and enhancing customer experience… so how
does this loyalty cross chain feature work in your platform, why do you think
brands should use this loyalty Cross-chain feature instead of using other
loyalty programmes in other platforms, and how does this your Loyalty feature
go on to Enhance customer experience for brands that use it….
Vivian: Seems like many people are interesting on the
Loyalty program.
Vivian: Once we release our Marketplacen in early Q4, 2021,
we will start with Test version of Loyalty service.
Vivian: Imagine that you have reward from this Dapp but you
can also use it at the same value on another Dapp
Vivian: That will make the different of our Loyalty program
compare with existing ones.
To work
on it, we are partnering with many VCs, partners, customers in different
domains to have kind of Association.
Gold Rocket | Satoshi Club: good feature👍
Vivian: Thanks for such a good question!
Gold Rocket | Satoshi Club: thanks for clear answer
Gold Rocket | Satoshi Club: Let’s proceed to the next
question😊
Andrés M. | Satoshi Club: Great answer, let’s proceed
Q4 from
Telegram User @Highpee
Your
project is built on the interoperable structure of Polkadot blockchains and you
allocated 12% of your tokens which amount to 18,000,000 as parachain reward.
Why do you prefer to build creator as a Polkadot project? And by allocating 12%
as parachain reward, does it mean that you plan to bid for a parachain slot
from the available 100 Polkadot parachains and parathread slot? If yes, why
didn’t you want to launch on other parachain? Why is it necessary that creator
protocol should have its own standalone parachain and how can community be
drafted to ensure a successful bid process? And since you plan to launch
service products in Q4/2021, on which network or parachain will they launch on?
Tony Tran: You are right, the parachain bid slot is really
hard to get it. But we are trying to have it, cause you can see we have lot of
advantage compare to ETH.
Tony Tran: Creator is only first service in our ecosystem,
that why we want to build it in our own chain, base on Polkadot substrate
Tony Tran: for first release ,we still launching on ETH, and
will add support to Polkadot when it ready.
Andrés M. | Satoshi Club: Could you share the info about
tokenomics?
Vivian: For sure
Vivian: Let me share with you our token allocation:
Our token is symbolized as CTR and has 150,000,000 of supply and has been allocated as the picture shows.
Vivian: Hey hey ! Gear up guys! I’d love to share about
Creator IDO date and time!
Creator
will launch on 2 launch pads: Ignition – Paid network and MoonStarter; and both
will take place on 8 September.
Vivian: For the IDO on Ignition Paid, Creator will have a
fixed allocation of 3,000,000 CTR tokens to purchase for holders at a fixed
price of $0.1
Vivian: There will be a fixed allocation of 1,000,000 CTR
tokens on Moonstarter Launchpad for purchase at a fixed price of $0.1.
Andrés M. | Satoshi Club: Great opportunity Satoshiclubbers🥳
Andrés M. | Satoshi Club: Actually our next question will help
us to understand more about the IDO, ready to go?😁
Andrés M. | Satoshi Club: Thanks for your clear answers btw😃
Q5
from Telegram User @ItsMelissa3
A few
days ago you announced that Creator will soon IDO on Ignition Paid and
MoonStarter, both will take place on September 8th… Why did you choose to have
a dual launchpad? What are the benefits of that? It caught my attention that
the token allocation for the MoonStarter platform will be 1,000,000 CTR tokens,
while the Ignition platform will have a fixed allocation of 3,000,000 CTR
tokens. Why did you decide to have a higher allocation on Ignition? Is there a
specific reason behind that decision?
Gold Rocket | Satoshi Club: partially answered. but maybe you
will find something to add 😉
Vivian: Yes, both launchpads have high performance on
the legit projects.
Vivian: The dual launchpads will help to share more
opportunities to the Community to have chance to own CTR Tokens.
Vivian: Each of launchpad has different community
targets regarding the number of token
for sales but either Ignition Paid or Moonstarter are well known in the field.
Vivian: Thanks 🙂
Gold Rocket | Satoshi Club: Thanks for your answers
Gold Rocket | Satoshi Club: let’s talk about security.
Gold Rocket | Satoshi Club: have you conducted any hackathons or
audits?
Gold Rocket | Satoshi Club: If so, please share the results😊
Tony Tran: All our Smart Contracts was audited by Certik
Tony Tran: you can get the result here:
https://www.certik.org/projects/creatorchain
Gold Rocket | Satoshi Club: Wow! Great! it is a quality mark in
some way🙌
Gold Rocket | Satoshi Club: Thanks for sharing 😊
Gold Rocket | Satoshi Club: Safety first 👌
Tony Tran: Right, it’s our top most priority when starting
a project.
Andrés M. | Satoshi Club: Thanks for your answers, you have a
big community, have you done some community contests to increase the awareness?
I read about a recent gleam contest😁
Gold Rocket | Satoshi Club: Yes! your tweeter is huge! 43k !!😍
Gold Rocket | Satoshi Club: This is an incredible amount since
May!
Vivian: Yeah, we have hit it few hours ago
Vivian: We have made some contest to our dear community
like AMA, Quiz, CMC Airdrop, Learn and Earn with Krystal ,etc.
Vivian: We plan to have Hackathon activities soon after
IDO and many more.
Gold Rocket | Satoshi Club: you have done an incredible job!
Bravo!👏👏👏
Andrés M. | Satoshi Club: Great job, community is the main
pillar of each project👏
Vivian: The Gleam contest with both Paid Network and
Moonstarter are closed.
Vivian: They said we are one of the project has highest
participants for the contest!
Gold Rocket | Satoshi Club: And they are absolutely right😁
Vivian: Thanks to our Community and CTR’s lovers!
Andrés M. | Satoshi Club: Well, last question of this first
part of the AMA is knocking the door 😁
Q6
from Telegram User @shakan1711
Will you
act also as a Consultancy Service company on NFT to define exact price with
some tools beside farm and other features? Also publishing any reports for NFT
value searches?
Vivian: Yes, we will also provide the Consultancy
Service on NFT. So to any NFT project, we can help them to apply blockchain
with short time and low cost.
Vivian: NFT market is growing very fast and scalable.
Vivian: As of August 13, 2021, the aggregated sales
value over 30 days rose significantly, amounting to roughly 206.5 million U.S.
dollars.
Andrés M. | Satoshi Club: Big numbers, is true that is the
future of the digital art.
Vivian: Creator would help to empower the NFT market by
providing No code and Low Code services
Part 2 — live questions from
the Telegram community
Q1 from Telegram @Shaa93
What is the Creator’s programming language?
Tony Tran: Creator will use: Rust, solidity in blockchain core and smart contract. NodeJs for backend and ReacJs for frontend.
Q2 from Telegram @se8863
Which one of these aspects important for you? 1-Increasing Token Price&Value 2-Empowering Platform Development 3-Building Community Trust 4-Expanding Partnership Globally
Vivian: 2nd question is here!!!
Well, I’m gonna say that 4 aspects play an important role in the success of a project. Community and partnership build us and make us who we are, both help us to be better and stronger. Beside, to keep community and partnership going along with us, we must have a good product.
So that is why we have to empower our platform development, bring the best outcome and then increase token price as well as value.
To put it in order, number 1 must be Good Platform Development, then Increasing the token price.
Q3 from Telegram@Huzur12123
NFT is very hot trend now, do you pretend to catch up with this trend or still follow and focus your original roadmap
Vivian: 3rd question is picked.
As our very first target in the roadmap when we start with the project.
Blockchain-as-a-Service (BaaS) Platform.
Creator provides No Code Smart Contract, Low Code DApp
and other services to empower the DeFi and NFT world.
Q4 from Telegram @Jonathantross
Can you talk some features of Creator which make it superior than other platforms like Unique and Opensea platforms ?
Tony Tran: Unlike to the other platforms such as OpenSea, XP.net which are more about NFT oriented solutions and products, Creator providers operate a managed blockchain platform, supplying all of the infrastructures and often many of the tools needed to build full-fledged decentralized applications (DApps) for different types of users: individuals, merchants, or developers.
Q5 from Telegram @Zohaya
How does Creator function? How do sellers and developers benefit from your platform?
Tony Tran: It’s a good question, For seller, they will have lot of benefit cause with our BAAS, they can create a market place in some clicks, which will reduce lot of money to build up their own.
Q6 from Telegram @Pklist
How Do you planning to promote your project in different countries, wherein English is not spoken well? Do you have a local communities for them to better understand your project?
Vivian: Yes. We would love to have different communities in other countries to join. The Ambassador program is now running by Creator’s In-house marketing team.
If you have any suggestion to us, please contact to me or my team mate for further discussion.
Q7 from Telegram @Crystalsmith97
What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?
Vivian: Glad you asked about this! It’s an opportunity for me to introduce our Creator Ambassador program to you guys.
First of all, I have to say that through our accomplishments, we have our community besides us, making us better and stronger every day. We’re grateful for their herculean support and contribution to take us closer to our goals🍻
In an effort to give back to our community, we provide the opportunity of a lifetime for everyone who wishes to watch Creator Network soar. We’re launching our very own Ambassador Program to build a team of dedicated members, addressed to as Creator United, who share our vision and wish to pave a way to our success.
Additionally, we also have events along the way, such as Learn&Earn with Satoshi, Krystal, Safelaunch; Airdrop with CMC for total rewards of up to 100,000 CTR or AMAs like this with you guys.
Q8 from Telegram @Ecmq10
Hello Creator team! I understand that you will carry out your IDO on two different platforms, one of them is MoonStarter and the other Ignition Paid … Is there a whitelist still available or are both already closed? Is it a requirement on either of the two platforms to do KYC on a mandatory basis in order to participate? Will they both start at the same time? Is there one of the two platforms that requires more demanding requirements than the other?
Vivian: Well I am sorry to say that the @tony_ctr @Vivian_CMO_CTR whitelist in both platforms has been closed recently. The IDO day will take place on September 8th on both 2 platforms but not at the same time. 11 AM UTC in Ignition PAID Network and 1PM UTC in MoonStarter. For more details, you can join our official channel to get the guideline detailed about how to participate in both platforms! Hope my answers satisfy you!
Q9 from Telegram @DK177
Your IDO has been scheduled to the 8th of September. Only one day left! I noticed that there are two rounds, at 11.00 AM and at 1.00 PM? What is the difference between those rounds?
Tony Tran: We use ecosystem fund to build up the comunity, support other team or developers. We also have planning to open academy, to training developer for blockchain and smart contract. You may join our comunity to get the info about it.
Q10 from Telegram @Nonerlike
Nft projects are uncountable in number. How are you different and what problems do you aim to solve?
Vivian: Creator is more than just a BaaS platform. It’s also the gateway to the world of gaming NFT. Individuals and merchants may establish their own NFT stores on Creator’s platform without coding knowledge, at an optimal cost, and with flexible transactions.
Unlike existing NFT projects, Creator offers all of the infrastructures and tools to build DApps for different sorts of users: individuals, merchants, or developers.
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of Creator. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
We were delighted to welcome our guest from Proto Gold Fuel (Ck-pgd). The AMA took place on September 5th, 2021 and our guests were @ML_PGD @CK_PGD @AA_PGD
The total reward pool was 500$ and
was divided into three parts. In this AMA Recap we will try to summarize some
of the most interesting points for you.
Part 1 —
introduction and questions from the
Telegram&Bitcointalk community
Gold
Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We
are pleased to announce AMA with Proto Gold Fuel (Ck-pgd)
CK_PGD
(Will not DM you first): Hello Satoshi Club and thanks for having us
here !
Hello ladies! I look forward to this AMA!
Andrés
M. | Satoshi Club: Glad to have you here💪
Gold
Rocket | Satoshi Club: Nice to e-meet you😊
CK_PGD
(Will not DM you first): And hello Andrés
www.proto.gold:
Hi, everyone. It’s great to be here
CK_PGD
(Will not DM you first): Unfortunately, ML couldn’t be here with us.
www.proto.gold:
He had a kids birthday to take care of
Gold
Rocket | Satoshi Club: nevertheless you are with us😍
Andrés
M. | Satoshi Club: Yes, don’t worry, let’s have a great AMA😃
Gold
Rocket | Satoshi Club: Hb 🎂
CK_PGD
(Will not DM you first): Yessir! And it will be😉
www.proto.gold:
I will let him know, thank you
Gold
Rocket | Satoshi Club: Let’s start! Introduce yourself please. How
did you get to be involved in crypto & Proto Gold🤩
CK_PGD
(Will not DM you first): We are a big group of Crypto enthusiasts that
came together to make Crypto a safer and more transparent experience. We have
witnessed the worst of crypto both from laze/scammy developers but also from
communities of manipulation and slander. The Core group has vast experience in
both the traditional market and Crypto, ranging from business owners and
Community Managers to developers and Journalists. Proto Gold began the coding
in late 2020 but we have been building the partnerships and trust between the
Core members since 2017.
CK_PGD
(Will not DM you first): Personally I am the Community manager with a
specialty in Leadership, Math and Logics. For me it is very important to make
sure that every single community member feels valued and comfortable. With our
Core values as center pieces I will everyday work to bring the community closer
together.
Throughout the years of interaction with crypto, I have learned that
communication can be the best and the worst for a project. Lacking the will to
properly communicate with the community can kill an otherwise great project. I
believe that any waiver/FUD/frustration that is addressed with respect can be
turned into strength and loyalty. Together we build.
CK_PGD
(Will not DM you first): and a little note From ML:
CK_PGD
(Will not DM you first): Hi everyone. I am ML and I am a business
manager at Proto Gold. I have know CK and other core members for several years
now. I have been utilising my skills to organically develop PROTO GOLD & we
are very proud of our launch and progress thus far. We became a defacto DAO due
to our group research, much like this telegram, but on a smaller scale. I
believe we began educating each other on the strength and advantages of
Cryptocurrencies around 2017. I have been through it all, much like many of
yourselves. The highs, the lows and the scams, rug pulls etc. We want to be
open, honest & transparent at all times. We decided to ensure that you
don’t need to just trust our word, you can verify everything on the blockchain
with PROTO.
CK_PGD
(Will not DM you first): @AA_pgd is our Lead Dev, also called Octopus
since he manages four different teams. AA and the teams have managed to create
a unique code base for our Tokens and are striving to deliver our dapps on time
in accordance with our Roadmap. We have set an ambitious goal for an ambitious
project.
Gold
Rocket | Satoshi Club: Also we would like to know more about your
team. Who is on the project team core?
Andrés
M. | Satoshi Club: A great team👏
CK_PGD
(Will not DM you first): We sure are 😉
Gold
Rocket | Satoshi Club: since you started talking about your
colleagues
Gold
Rocket | Satoshi Club: Dream team🙌
www.proto.gold:
I’m the guy making sure our codebase is SAFU. We’re lucky to have a
fantastic developer team. One of the significant differences between us and
many projects is we aren’t only a one-developer operation. Furthermore, we have
different groups of developers working on various aspects. The most important
is that many work full-time.
Gold
Rocket | Satoshi Club: is your team public or anonymous?
Andrés
M. | Satoshi Club: In a nutshell please tell us what is Proto Gold
Fuel.
www.proto.gold:
United Nations WAFUNIF has vetted us. You can verify our partnership,
vetting here; wafunif.org
CK_PGD
(Will not DM you first): Being undoxxed creates safety to the project.
CK_PGD
(Will not DM you first): We can’t be blackmailed or harassed.
Gold
Rocket | Satoshi Club: Thanks for sharing! we are honored to know
this 👏👏👏
Andrés
M. | Satoshi Club: Completely agree
CK_PGD
(Will not DM you first): Our Core wallets are listed within the code
for full transparency
Gold
Rocket | Satoshi Club: Give us a brief introduction to the project.
What is the essence of Proto Gold
www.proto.gold:
Let me show where to verify in the code that the core member allocations
are locked for 120 days, and thereafter vesting for 2 years.
CK_PGD
(Will not DM you first): Proto Gold Fuel is a Protocol with a 10%
transaction redistribution:
2.5% for instant frictionless yield generation, PROTO is shared back with
holders on each transaction, so you’ll accumulate in your wallet each day new
PROTO for as long as you hold
1.25% for the quarterly bonus. (Currently the pot is in excess of $20,000
to be shared with holders). This is due to drop in around 4 weeks, so getting
in now could be quite advantageous. We call this DORE, which is essentially a
stable $1 cryptocurrency and will have a variety of uses. DORE doesn’t have a
swap fee either, so we can make different use cases for each of the 3 cryptos
in our ecosystem! The DAO is looking at striking deals in exchange for DORE for
exclusive discounted goods. You will also be able to play the DORE lottery with
your DORE funds & also swap it for either more PROTO or LAW.
0.75% backs the DAO Governance – $LAW. Strengthening the DAO & making
a 51% attack impossible.
1.5% is locked in the liquidity pool, which is now in excess of $1m. This
is locked by the DAO for 2 years minimum too, always ensuring a safe
environment to swap.
1% is donated to charity. The vault stands at around $17,000 currently
since launch & is stored securely as BUSD.
0.75% goes to marketing, to permanently allow the DAO to raise market
awareness long term.
0.75% pays for Audits & platform development ( we have 4 dev teams!)
Regarding the burn:
1% is Burnt, forever reducing the long term supply. Currently out of the
grand total of 660 million Proto that will ever exist 22,393,977 have already
been burnt out of existence.
CK_PGD
(Will not DM you first): Around this protocol we have a full ecosystem
of Dapps:
Live
Dapps:Custom-built governance beta; www.dao.proto.gold
User dashboard: www.dashboard.proto.gold
ProtoSpaceDrop (a working smart contract, the platform will follow);
An innovative solution for decentralized claims of rewards, but also new
tokens. Something like airdrops but with much lower gas fees. For example, if a
DeFi project has 75,000 holders but they want to airdrop a new partnership
token to their community, it’s a very costly affair. With ProtoSpaceDrop, it
would cost a fraction.
Upcoming Dapps:
ProtoLock (Launch in September). A platform for projects, influencers,
etc., to lock up liquidity and lock different supply allocations with vesting
periods first on BSC, but in the next version cross-chain. With verifiable
blockchain confirmation. None of the existing platforms verified their code
that projects are using to lock up the liquidity, which means you have to trust
the platforms.
ProtoLaunch; a truly decentralized launchpad where anyone holding LAW
will vote on what projects are allowed to create a crowdsourcing campaign. LAW
holders will have the first-row ticket for early access to those projects. Any
project who survives the community scrutiny has to use ProtoLock to look up
their liquidity, and also supply allocation would transparently be locked up
and vesting through ProtoLock. (ProtoLaunch Q4 2021)
ProtoSwap;
Another Dapp where LAW holders will vote on what projects are allowed to
use ProtoSwap. This would, in my opinion, make swapping safer as people can’t
list their scammy tokens without being vetted by the community, which means it
is still decentralized. LAW would be the “CAKE,” but with a truly innovative
approach. (Launch in Q4).
ProtoCharity; hands-on charity and none of that bs where it’s a publicity
stunt. The charity will deliver in-hand goods to people in need in South
America, Africa, etc.
www.proto.gold:
Make sure to verify it directly in our code—solidity file 28 out of 31.
Gold
Rocket | Satoshi Club: Thanks for sharing
Gold
Rocket | Satoshi Club: your openness says a lot👍
CK_PGD
(Will not DM you first): Anytime
Andrés
M. | Satoshi Club: A big ecosystem, everyone can join it seems
CK_PGD
(Will not DM you first): Its a part of our core values
CK_PGD
(Will not DM you first): Our Values
Proto Gold is driven by a set of core values that guide everything we do.
Our values include innovation, transparency, trustworthiness, and social
responsibility.
Innovation
With a unique codebase and a revolutionary decentralized exchange, Proto
Gold strives to develop innovative and groundbreaking technologies that
reinforce our security and transparency.
Transparency
With every transaction recorded on the blockchain, transparency is built
into Proto Gold. Important information and planned changes are announced in
advance and with ample time for DAO members to act if necessary.
Trustworthiness
Our hardcoded protocol has undergone several audits and is designed to
require minimum human interaction. In addition, ownership of the protocol has
been transferred to our DAO so only the community can make changes. In these
ways, trust is built into Proto Gold.
Social responsibility
Proto Gold is hardcoded to provide funding for external projects focused
on the betterment of humanity. These efforts are guided by our community and in
conjunction with our globally recognized charitable partner.
CK_PGD
(Will not DM you first): With a Motto “By the People, For the
People” this is very important.
Andrés
M. | Satoshi Club: Agree, community is the main pillar of the projects
www.proto.gold:
Allow me to share a little about our governance. We custom-built it as we
were not satisfied with any existing solution for our use cases. It’s on-chain,
so it’s secure. It’s super fast as it’s on BSC. The fees are also meager. We
made sure to simplify the Dapp and voting process into a 2-click solution.
Thumbs up or thumbs down to a proposal and approval in the wallet. That’s it.
You can find the beta here;
www.dao.proto.gold
Andrés
M. | Satoshi Club: Well, thank you so much for this complete
introduction😃, let’s learn more about the project through the
best community questions.🥳
CK_PGD
(Will not DM you first): Before we go there
CK_PGD
(Will not DM you first): Let me share a little something
CK_PGD (Will not DM you first): An opportunity for this community!
Andrés
M. | Satoshi Club: 🥳 great opportunity for Satoshiclubbers
Gold
Rocket | Satoshi Club: Don’t miss great opportunity Satoshi Club 🚀
CK_PGD
(Will not DM you first): Three times a week we have our mini-games. Fun
and educational. Join us and enjoy the ride of safety and education.
CK_PGD
(Will not DM you first): now we are ready for the questions😉
Andrés
M. | Satoshi Club: Like quizzes and lottery?
CK_PGD
(Will not DM you first): yes! Quiz, Hangman, Crosswords, word scramble
and more. presented live with our daily host.
Andrés
M. | Satoshi Club: Sounds amazing, something educational such our
group.
Gold
Rocket | Satoshi Club: it is incredibly generous and pleasant👏👏👏
Andrés
M. | Satoshi Club: Let’s go
Q1 from Telegram User @DK177
Your logo has a shape of a crown. By a close look,
it can be identified that the crown shape has been designed by combining shapes
of three people. Can you please explain the underlying meaning of this design?
You have three token types. Do these three human shapes represent that feature?
Human shapes seem to be expressing unity and the victory. Does this logo
represent the main idea of Proto Gold?
www.proto.gold: Here let me take this one @CK_PGD
www.proto.gold:
A good question, as a lot of thought, went into making the logo. It’s
indeed three people helping each other, and they shape a crown as a symbol of
prosperity. The three people are in different colors, as a symbol of people
from all over the world
Gold
Rocket | Satoshi Club: Great concept, thoughtful symbolism! Bravo!
www.proto.gold:
Here let us show you the new logo as we have a redesign event coming,
where we’ll also present a new website for proto.gold
CK_PGD
(Will not DM you first): https://twitter.com/Proto_Gold/status/1433318518297071616?
Andrés
M. | Satoshi Club: Awesome
www.proto.gold:
The new design still has the same meaning but in a more refined way. As
you see, there are still three people holding hands, but two are making a
high-five, where the third is saying Namasta.
Andrés M.
| Satoshi Club: Btw, how did you choose the name of the project?
Gold
Rocket | Satoshi Club: Amazing🔥
www.proto.gold:
A name can be tricky as there are many things to consider. But the word
Proto means; The first, the original, etc.
Gold because we’re building the gold standard for a safer crypto sphere
CK_PGD
(Will not DM you first): Trustless Safety👌
Andrés
M. | Satoshi Club: Personally I like it to much 👏
Andrés
M. | Satoshi Club: Well, thanks for your answers guys, ready to go with
the next question?
www.proto.gold:
Yes
Q2 from Telegram User @yellowchamp
I just found out in one of the twitter post from
Rugseekers last August 29,stated that after a long investigation into multiple
allegations their assessment for Proto Gold has been reinstated. Facts can be
hard to see but they will never stop looking. So,can you tell us what
allegations its all about? As I know that you have a successful audit already
from Hacken.io, so how come that there were an allegation from Rugseekers
before the successful audit from Hacken.io? How does your platform being
reinstated? From those allegations,does it gives negative effects of your
platform or does it give you motivation to be a better one? Thank you
CK_PGD
(Will not DM you first): While AA is answering here is the content he
refers to. Flawless audit 👌🤜🤛 well done AA and devs !
www.proto.gold:
Sadly, what happened was an individual was creating fake accusations, and
he managed to convince the RugSeekers to take down their first evaluation.
Luckily, Rob from RugSeekers got involved, and after a community member
presented a lengthy report to Rob, RugSeekers realized they made a mistake to
listen to that individual.
CK_PGD
(Will not DM you first): Transparency is important👌
www.proto.gold:
The truth will always prevail
Gold
Rocket | Satoshi Club: We are glad that you are not afraid of
difficult questions and suggest moving on to the next question.😊
Gold
Rocket | Satoshi Club: If you don’t mind
CK_PGD
(Will not DM you first): Yes 👌
Andrés
M. | Satoshi Club: Yes, to generate confidence into the public
Q3 from Telegram User @Ajpaa
ProtoLock, ProtoLaunch, ProtoSwap, ProtoStaking and
ProtoCharity are Dapps and features in Proto Gold ecosystem. You announced
recently that you are pushing to release all Dapps on point. What are the
applications of these Dapps in Proto Gold ecosystem? What are some of the
unique features of the Dapps and when should we be expecting their Launch? Can
explain your charity and staking products? Thank you.
CK_PGD
(Will not DM you first): ProtoLock (Launch in September). A platform
for projects, influencers, etc., to lock up liquidity and lock different supply
allocations with vesting periods first on BSC, but in the next version cross-chain.
With verifiable blockchain confirmation. None of the existing platforms
verified their code that projects are using to lock up the liquidity, which
means you have to trust the platforms.
ProtoLaunch; a unique launchpad governed by our DAO with security
measures to weed out the scam projects. Any project wishing to raise seed
capital on ProtoLaunch will go through an extensive vetting process by our
security team and the members of our DAO; their product will be vetted by our
marketing and brand specialists. With this unique security measure, we enhance
the transparency and safety in DeFi and the crypto markets generally known as
the wild wild west, as well as provide aid to the projects with a genuine
intent to create innovative blockchain technology. After the truly
decentralized filtering and approval process, the project will have its
Decentralized Contribution event and then be listed on ProtoSwap.
ProtoSwap; a truly DAO governed SwapSite, only projects that have passed
our decentralized allowlisting process after a vote in our DAO is granted
access to list their project. ProtoSwap is an innovative platform for much
safer peer-to-peer swaps with its security measures and unique user functions.
ProtoSpaceDrop: An convenient and very gas-efficient solution for
Proto-incubated projects to enable allowlisted community members to claim
specific bonuses, discounted offers, and many other real-life uses cases. An
innovative technology that will lessen the environmental burden from the more
known airdrops many projects use. Airdrops are a very costly affair, while
ProtoDrop is faster, cheaper but yet decentralized with the help of IPFS
(peer-to-peer file sharing and file storage technology).
CK_PGD
(Will not DM you first): Being a part of our ecosystem, by holding
Proto and LAW creates an opportunity to participate in all launches through our
secure environment.
An environment that will make both projects and the community thrive in
the certainty of a no scam, rug pull or lacy devs.
CK_PGD
(Will not DM you first): Fear < Trust and transparency
Andrés
M. | Satoshi Club: It is a great reason to invest, where and how we can
buy PROTO tokens?
www.proto.gold:
Let’s start with ProtoLock. ProtoLock Dapp will be for locking up
liquidity and much more. It will be for locking up supply such as core member
allocations and any other supply distribution. You might think there are already
other projects where you can lock up liquidity, etc. But we didn’t find even
one where such lock is 100% verifiable on the blockchain. Any other platform we
looked at never verified their source code, which means they aren’t fully open
source. ProtoLock will be the first genuinely verifiable product.
ProtoLock is not only intended for projects to use. Also, community
members, advisors, financial entities, etc.
CK_PGD
(Will not DM you first): Scam/Rug Pulls < ProtoEcosystem
CK_PGD
(Will not DM you first):.Swap Proto on Pancake Swap:
https://pancakeswap.finance/swap?inputCurrency=0xB9DF47C637D481aF168Ff5E13D9a4b1e5874b6f8
/ SET SLIPPAGE TO 11-12%
Gold
Rocket | Satoshi Club: Thanks for your detailed answers 😃
Gold
Rocket | Satoshi Club: Ready to proceed to the next question?
CK_PGD
(Will not DM you first): Sure 👌
www.proto.gold:
You’re welcome. It’s important to us that people understand before making
any decisions.
Andrés M.
| Satoshi Club: That’s the aim of the AMA👏
Gold
Rocket | Satoshi Club: and our guests do an excellent job with this
aim😊
www.proto.gold:
That’s the beauty about our protocol has automated distribution. The code
makes no difference between who you’re or if you’re a core member or anything.
The distribution is equal for anyone. Furthermore, for any updates to our code,
everyone holding our governance token, Law, has to vote yes or no. Only after a
proposal has the necessary consent, then the proposed update can be
implemented.
www.proto.gold:
So, in essence, if you join our DAO, you would have an influencer in
these matters.
Andrés
M. | Satoshi Club: Btw, currently your ecosystem is big, are you
planning to make it even bigger?
Andrés
M. | Satoshi Club: I mean, please share us your roadmap to check what
is coming😁
Gold
Rocket | Satoshi Club: Moving according to plan?
Andrés
M. | Satoshi Club: Wow, celebrity partnerships, any sneak peek about it
to share with our community?😃
CK_PGD
(Will not DM you first): Every day we listen to suggestions and ideas
from the community.
And we have some new ideas that currently are on the drawing board.
www.proto.gold:
I’m happy you asked. We didn’t list everything, and we have a lot more
planned after the above one
www.proto.gold:
Yes, as of right now, everything is progressing
CK_PGD
(Will not DM you first): Yes👌 with AA in the lead
of the devs we seldom delay.
Andrés
M. | Satoshi Club: Excellent
CK_PGD
(Will not DM you first): That would spoil the fun 😉
But we don’t let the down the excitement 👌👌
Gold
Rocket | Satoshi Club: Thanks for great answers😊
CK_PGD
(Will not DM you first): Our community loves making these Stickers.
CK_PGD
(Will not DM you first): @Giftyjoseph made these 👌👌
Andrés
M. | Satoshi Club: Ok, we will be waiting for coming announcements🥳
www.proto.gold:
I wish we could, but we can’t even hint about any names, or else we would
risk breaking our promises. But, we have no doubt everyone else will be as
excited as us and proud.
Gold
Rocket | Satoshi Club: this is very cool👍
Gold
Rocket | Satoshi Club: Ready to proceed to the next question?
CK_PGD
(Will not DM you first): Soon our design team will release a sticker
pack with the rebranded style.
Andrés M.
| Satoshi Club: Don’t worry, just don’t forget to share the
announcements with our community💪
Q5 from Telegram User @Jonahapagu
Proto Gold is said to be a cross-chain DeFi
blockchain protocol designed to provide community members with both immediate
and long-term benefits through a set of programmatically trustless smart
contracts. These complementary contracts are said to contain permanently
established rules that ensure fair and transparent token rewards and savings
distributions.. So how many smart contracts does Proto gold have within its
platform, what are the examples of rules that you intend to include in your
smart contracts to ensure fair and transparent token rewards and savings
distribution for users of proto gold….
www.proto.gold: A lot. Here you can see the smart contracts that Hacken.io included in their first audit that we shared the link to earlier.
CK_PGD
(Will not DM you first): AA and the devs have built our codebase from
the ground up and have taken all necessary security steps and beyond.
All distribution is made in percentage and therefore it is always
fair.
Fairness also comes with our “Guardian angel” : a distribution
of LAW tokens to the less fortunate holders, just before our quarterly savings,
that will help the holders reach the necessary LAW tokens to participate
Andrés
M. | Satoshi Club: Security first!
Gold
Rocket | Satoshi Club: Sounds good
CK_PGD
(Will not DM you first): Always
Andrés
M. | Satoshi Club: Have you implemented any ambassador program?
www.proto.gold:
Would you care to elaborate?
Andrés M.
| Satoshi Club: Do you have any ambassador program to attract new
members from different countries?
Andrés
M. | Satoshi Club: Btw, do you have different local communities?
www.proto.gold:
We’re a DAO, and while some people do more than others, we recognize
every single person as equal. You would be able to find our WhitePaper and
LightPaper in six languages on proto.gold
CK_PGD
(Will not DM you first): Currently, we have a loyal and active
community widespread throughout the world. As a global project its important to
be able to welcome everyone and as partners of a United Nations Charter
organization we have made our WP and LP in 6 languages:
https://proto.gold/lightpaper-whitepaper/
Andrés
M. | Satoshi Club: Excellent, thanks for the clarification.😃
www.proto.gold:
We welcome anyone who wishes to organize local communities
Andrés
M. | Satoshi Club: Well, is time to proceed with the last question of
this part of the AMA. Good things are short-lived.
Andrés
M. | Satoshi Club: Thanks for the offer, Satoshiclubbers don’t lose
this opportunity
Q6 from Telegram User @Cheriemike
Your DAO has partnered with WAFUNIF,the official
alumni organization of the United Nation to help alleviate the suffering of
many of the world’s least fortunate.To show your support 1.0% or every
transaction will be donated to charity.My question is,Which area of charity
will you you support,is it for the homeless, orphanage etc?How will your
donations get to people around the world since WAFUNIF is in the United Nation
and how will the fund be handled among you?Are you making plans to partner with
more organizations to support those in need in different countries?Will the
percentage given to charity increase in the future when the need arises to
support more charities or you will stick to the 1.0%?
CK_PGD
(Will not DM you first): https://twitter.com/WAFUNIF/status/1433018493243428869
Andrés
M. | Satoshi Club: I am happy to know you care about LATAM countries
www.proto.gold:
Everyone holding Law would be able to vote on what charity causes we
should support. Remember, proto.gold isn’t about a single person making
decisions, but instead about providing everyone a voice
Gold
Rocket | Satoshi Club: this is true
CK_PGD
(Will not DM you first): We certainly do.
Having experienced some of the poorest parts of the world firsthand has
inspired us to help change the course of action and to secure the charity
donations arrive safely at the point of need.
How better than to provide secure tech and implement it on a top-level?
Andrés
M. | Satoshi Club: Very noble cause, applauds for your initiative
www.proto.gold:
I think one of the essential parts of our charity is that we insisted to
our United Nations partners that it would be hands-on charity. That means we
want to deliver any goods directly, to make sure the help ends up in the right
hands.
www.proto.gold:
One of the contractual obligations that WAFUNIF has is to assist with
onboarding many more United Nations organizations.
Andrés
M. | Satoshi Club: Thank you for your detailed and clear answers, it
has been a great time in this first part of the AMA😃
Part 2 — live questions from
the Telegram community
Q1 from Telegram @Gemshunter22
For a new comer in your group how can they buy your token ? Will you support blockchains like Eth, in future?
CK_PGD (Will not DM you first):
We will be a cross chain platform currently you can join us on pancake swap: .Swap Proto on Pancake Swap: https://pancakeswap.finance/swap?inputCurrency=0xB9DF47C637D481aF168Ff5E13D9a4b1e5874b6f8 / SET SLIPPAGE TO 11-12%
Q2 from Telegram @Ajpaa
Proto Gold protocol is said to automatically rewards all community members daily by distributes 10% of the daily volume. Also I read that, others will also be eligible for
quarterly savings distributions. What is the distribution modality for the 10% daily volume? Explain more about the quarterly savings distribution and what are the criteria for eligibility for this distribution?
www.proto.gold:
Q3 from Telegram @Crypto_84
I Heard that Proto gold regulary hold some mini- game in its Telegram Channel,
What kind of mini-games happens in the group?
Is there any mini- game schedule?
CK_PGD (Will not DM you first):
This community made initiative have been supported by the Core members and are now a part if our weekly plans.
Tuesday – live Quiz
Friday – triathlon ; puzzle, hangman and “surprise”
Sunday – Word scramble.
100 proto for each correct answer.
2000 accumulated grants a possible withdraw.
Q4 from Telegram @lm10995
Do the token holders have right to the participate in the governance of the project? On what kind of decisions can they vote on about the project?
www.proto.gold:
Anyone holding Law is part of the governance. After the community adds Law on Pancakswap, it would be available for everyone to join our governance.
Q5 from Telegram @King_Raja
For users Trust & assurance,Can You tell How much token does the team have & what will it the unlocking time for it?
CK_PGD (Will not DM you first):
15% of the tokens are allocated to Core Members and they have a 2 years lock and vesting period. And with our ProtoLock dapp we will be able to further lock our tokens. A solution I personally will initiate.
Q6 from Telegram @cryptofollower
How can you provide cheap airdrops with ProtoSpaceDrop feature? How much gas can you reduce the cost of sending airdrops to 100k people? How this system works?
www.proto.gold:
Essentially, we managed to innovate the concept of airdrops and created something no one else made before. But still in a decentralized way.
Q7 from Telegram @tomo_fan
Proto Gold announced its First Community Driven Contest in June month, since tbhen I dont see any Contest,Do You plan to start any contest any time soon?
CK_PGD (Will not DM you first):
We sure do. When our Rebrand has been finalized we will have some amazing contests. Follow our TG and Twitter for the announcement:
I just found out in one of your medium article that Proto Gold DAO Codebase has received the Highest Possible Audit Score From Hacken.io and I just want to congratulate you for that. Since you received the highest possible audit score from Hacken.io,can you tell us what makes your platform get the highest score? How does your platform achieved it?So for now,how trusted and safe is Proto Gold? How will you be able to prove and maintain your audit highest score in your platform as time goes by? For having the highest possible audit score from Hacken.io,do you think this factor will help you gain more investors and users to trust with Proto Gold? Thank you
www.proto.gold:
This is an excellent question, and thank you a lot. Our developers consist of many former talents such as past auditors, etc. Safety means a lot to us, or else we wouldn’t be able to sign contracts with Sovereign Republics, and other large entities
Q9 from Telegram @DK177
✅ You have a slogan, BY THE PEOPLE. FOR THE PEOPLE . Can you please explain the meaning of this? What do you mean by BY THE PEOPLE ? what is the meaning of FOR THE PEOPLE ? How does this idea make your project unique?
CK_PGD (Will not DM you first):
We came to crypto just like all of you: as interested people in blockchain technology, we then experienced most of what all of you probably have; the bad and the good. In 2020 we chose to create our own ecosystem to rid the space of the bad actors andprovide a safe environment, an environment we would have dreamt of when we entered this space. It also means that we want everyone to be able to participate. Therefore we chose BSC which has a small transaction fee. With transaction fees of around 1$, we can welcome most of the world no matter their financial state.
Q10 from Telegram @csgonub
When can I get my 1000 Proto when I make swap with BSC?
CK_PGD (Will not DM you first):
It is possible to withdraw the rewards when you reach 2000 proto in the reward pool, the “bonus Super offer” will make your reward pool start at 1000 proto. This is the current leader board: Current Leader Board @Spiderteenx : 3900PROTO @Luka1611: 2900PROTO @KlausOpen: 1300 PROTO @Prisca_T: 1000 PROTO @kierantierney12 : 1000 PROTO @mike_fast : 800 PROTO @diffr3: 400 PROTO @higgy93 : 300 PROTO @I_Gold_U_SOOOO : 200 PROTO @dImmutable : 200 PROTO @peter_loftus : 200 PROTO @NI4549: 100 PROTO @Giftyjoseph : 100 PROTO (3000 PROTO WITHDRAWN) @Luizzzo17 : 200 PROTO (2000 PROTO WITHDRAWN)
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of Proto Gold Fuel (Ck-pgd). They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from XRoad and our guests were @hideken2 – representatives of XRoad. The AMA took place on the 5th of September.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with XRoad!
Welcome to Satoshi Club😀
Hideki Fujii:
Hello, everyone! My name is Hideki Fujii.
I am a leader of the project called XRoad initiative.
It is a great honor for me to explain the project in detail.
D. | Satoshi Club: Welcome to Satoshi club!🚀
Hideki Fujii:
Thank you!
Mary | Satoshi Club:
Hello, we are happy to e-meet you today 👍
Hideki Fujii:
I have a strong background in technologies especially in the Fintech space
(over 20 years).
I have managed several insurance companies as a senior executive at AIG,
Prudential, MetLife and Zurich. I was also a senior partner at EY which is a
global consulting firm and a CEO at Pactera consulting which I founded in 2015.
Based on the past experience, I found a smashing idea of starting this project which could change the world and make the world a better place when I met several great projects of the crypto asset industry.
1 Background
There are many great projects in the crypto-asset industry.
One example is Defi, which
began with the idea that it would be interesting to implement a DAO like Defi
in society.
Mary | Satoshi Club:
Yes, that was a great idea!
Hideki Fujii:
Thank you indeed!
In order to do so, we needed a mechanism to exchange data accurately, a mechanism to classify (score) data, and a concept like DAO, which is now in widespread use, and the crypto asset industry has all of these. The crypto asset industry has it all, and we started with the belief that many of the technical aspects are already in place.
Since the current crypto asset industry and digital industry is not ready for everyone to use, we believe that in order to realize the concept of legal compliance and at the same time for everyone to be able to use it safely, we need a way to manage personal information and a mechanism to return the reward from that information to the individual. I came up with the idea and started the current project about three years ago, aiming for digital inclusion.
Mary | Satoshi Club: So, i see that you’re deep in tech and clearly see all problems in crypto and are looking how to improve this space!
I like this visualization on your site!
Hideki Fujii:
2 Our vision and
passion for achieving it
We named our company X
(cross) Road to express our desire to be a road where various projects and
stakeholders cross.
Our vision is to apply the many great projects in the crypto asset industry to the real world. We aim to be the crossroad between the crypto asset industry and the existing industry. We aim to provide a mechanism to collect real-world information and feed it back to the real world, called Oracle, and to provide society with an extension of the already existing DAO concept, such as Defi, through Oracle-based scoring.
3 Our challenges (What kind of social issues or problems does the project solve?)
Our goal is to create a
global finance system. We hope to be one of the means to realize the SDGs,
which aim to eliminate poverty from the world while at the same time being
sustainable.
There are contradictions in the world’s current monetary system. Fifty years have already passed since the gold standard was abolished in 1971, but currency is based on the belief that what is actually worthless has value. In this project, we aim to solve this contradiction by copying the real world into a virtual space and redesigning or optimizing it. We will reconstruct the real world into a virtual space using Oracle and scoring, and create new value using an autonomous decentralized approach (DAO).
Specifically, we would like to reproduce the value of the real world in the virtual space using the NFT technology that has already been introduced (the GDP of the earth is about 9,000 trillion yen, but we aim to achieve the same level of economic scale).
Mary | Satoshi Club:
Who helps you realize all your goals? Who is in the core team?
Hideki Fujii:
We have talented members and let me explain later on.
By doing so (making the digital space truly valuable), we aim to realize a more stable financial system (based on the value of the digital space as well as the real world) and prepare the ground for the emergence of a more stable global currency.
Mary | Satoshi Club: Sure!
Hideki Fujii:
4 Business model
In a nutshell, it is a
model that constructs a metaverse (assuming multiple metaverse can be
constructed) and provides various financial services (so-called DAO or Defi)
based on the value of the metaverse.
We would like to provide various services in stages, but for the time being, we would like to realize a model in which every event in the real world is reproduced in the metaverse using NFT, and in the metaverse, we would like to provide autonomous decentralized (DAO) services based on scoring (feature values).
The service that we plan to announce as a business model (revenue model) in the near future will be the NFT market. In addition, we are planning to announce our own DAO (Defi) type service.
5 Our strategy for scaling our business
As for key strategy, we
believe that an important growth factor for XRI is the effective utilization of
business alliances.
We want to be able to utilize the results of our technologically superior crypto-asset projects as much as possible, but we also place importance on effectively utilizing alliances with existing groups of companies that are influential in our business.
In fact, we are planning to form alliances with promising companies and celebrities in the future, and we believe that we will be able to quickly increase our name recognition, and at the same time, the services we provide in the project will be utilized in a short period of time.
Since the concept is to develop a virtual space, we are not competing with existing companies in this area, so it is important that we can become a leader in this field. The key to scaling the business is to quickly become the leader in the business domain of virtual space development, which is XRI.
6 The biggest obstacles to making this XRI project a reality
Considering the future
roadmap of the project, we believe that the biggest challenge will be to
coordinate with the intentions of each country (if possible, to create a
cooperative system), as seen in the case of Facebook’s Libra initiative.
This is also a challenge for the entire crypto asset industry, and we would like to take on the challenge to overcome it.
On a global level, if the technology of Defi, which is currently available, can be used correctly on a national level, it will be possible to make more effective use of the funds on the planet, and it will be possible to develop infrastructure in developing countries with support from the payrolls of developed countries, while paying taxes to the developing countries themselves.
This is a way to realize the SDGs. (We believe this is a shortcut to the realization of the SDGs. We believe that the goals and visions of the regulators of each country and the direction of XRI are in line with each other, and that we can create a cooperative relationship, but we believe that the biggest challenge will be whether we can actually achieve this.
Mary | Satoshi Club:
👏
Hideki Fujii: Thx.
Mary | Satoshi Club:
So, please tell us now about XRoad team😀
Hideki Fujii:
7 Our competitors
X Road’s vision is to further develop the crypto-asset industry. Therefore, as we believe that there are many great projects out there, we would like to actively partner with them in the future. What sets us apart from other projects is our commitment to legal compliance, obtaining KYC certification, and creating a platform that can be used by people who have been outside the virtual currency industry.
I will answer shortly!
Again, we named our project “X (cross) Road” to express our desire to be a road where various projects and stakeholders cross.
Our team Let me explain our team. I am proud of our strong and talented team. We have a strong team consisting of various backgrounds. For example, a member has a strong academic background. He is a doctor of psychics. Our law team members are from global law firms. The other members are experts for arranging financial structures and transactions globally.
8 Partnerships
Let me explain some cases
of partnerships.
Firstly, Jasmy and I have been discussing the possibility of a business
partnership for some time now, as we have a lot in common in terms of the
vision we are aiming for. We plan to announce specific details in the future,
but we are considering first conducting a demonstration experiment to provide a
decentralized service for an individualized data management system that
utilizes Data Locker.
We are currently developing our own wallet (to manage crypto assets and other XRI-related assets), which will be released soon. It can be accessed via the Internet. The difference between this service and existing storage services is that it is designed to be managed in a decentralized manner, and we aim to distribute and encrypt the data using our own distributed technology.
We are planning to use the technology of our partner Jasmy, who is ahead of us in this area (and has invested a lot of R&D costs). We are also researching the technology (secret calculation) to perform the necessary data processing (scoring, etc.) while encrypting the data, and are planning to form a business alliance with a company that possesses the technology. We would like to discuss various use cases with Jasmy and other related partners and implement them, so please stay tuned.
Secondly, with regard to our efforts with eGame, we are aiming to develop our own decentralized gaming platform by building a mechanism to share oracles with eGame. In this unique decentralized gaming platform, we would like to implement a system that allows players to enjoy playing games with professional eSports players with a precise handicap. We have already applied for a patent for the idea of a unique gaming platform, and we plan to complete the creation of a unique and decentralized gaming platform around the world. The details of the concept will be discussed and progress will be announced periodically.
9 Token listing at Coineal
We are pleased to
announce that we have reached an agreement with Mr. Woo, the global CEO of
Coineal, to collaborate on various future initiatives. Specific details of the
partnership will be announced in the near future, but it will include new
proprietary initiatives such as NFT(already announced) and Defi, as well as
initiatives utilizing Coineal’s upcoming Mainnet.
As for NFT market, we
call the new market place SAKURA NFT PLATFORM.
10 Marketing strategy
We are considering
utilizing the global strategy of EGI, our (XRI’s) partner. Specifically, we are
considering expansion into Europe (Switzerland) and New Zealand. In the area
around Japan, we hope to expand into Southeast Asia such as Vietnam and South
Korea, where Coineal has a strong market, as soon as possible.
11 Our milestones
We have two milestones in
mind for the next six months: the opening of the NFT market is targeted for
October 1st, and the realization of our own Defi model is scheduled for January
next year.
We are planning to launch our own Defi model in January next year, using our tokens on the proprietary mainnet being developed by our partner Coineal. In addition, we are currently in discussions with Jasmy, with whom we recently announced a partnership, and we plan to conduct a demonstration experiment of our own service utilizing Jasmy’s strengths by the end of this year.
12 Short term roadmap (NFT services)
As a short time roadmap
or goals, we are currently working on two types of NFT services: first, we are
negotiating with celebrities to offer their autograph rights to our NFT market.
The second is the development of the metaverse. We believe that the metaverse needs a worldview and characters, so we are currently negotiating with creators to design a variety of metaverse art. Since the development of metaverse requires time and money, we aim to make the NFT market a place where we can test what kind of metaverse there is a need for. Naturally, we will aim to actually develop and release some of the metaverse projects. If the Metaverse is successful, we would like to consider a mechanism that would benefit the early purchasers of the Metaverse titles.
We will gather content around business partnerships. What is attractive to business partners is that it is an unprecedented funding scheme. In parallel, we are considering providing our own content, but basically we want to focus on developing content through business alliances. There are three model plans. (1) This plan is based on the premise of real estate development, and we are considering using a large-scale (180 acre) project in Japan as a model case to build a track record.
(2) This plan is based on the use of movable assets, and we are studying the model of converting business-use movable assets into NFTs and operating them. Although we are not sure if we will be able to realize it, we are studying a scheme to convert excavators used in gold mining in Africa into NFTs and operate them.
(3)The NFT market (SAKUFA NFT PLATFORM) is scheduled to open in the near future, and we are also researching the possibility of creating an NFT model for projects such as celebrity concerts. All schemes have one thing in common: NFT and management (governance), so we are working on the NFT+DAO (Defi) model while making adjustments to make it legally effective, as the laws and regulations that apply to it vary depending on the actual project.
13 Business model on Gold Debit
Other than NFT market
opening, Gold Debit is another important initiative for us.
Currently, we are mainly
negotiating with celebrities in Japan. We are also negotiating with people from
Japan who are active in the world to cooperate with us. Outside of Japan, our
team has close ties with Vietnam and Korea, and we are planning to negotiate
with them to become influencers.
14 Business model detail on Metaverse
We call it a virtual
town, or metaverse, and we have two major revenue models in mind.
The first one is a game.
The metaverse has a worldview, and we want to make sure that people can enjoy
the metaverse as entertainment and grow. We are thinking of researching and
applying billing methods in the game world, but basically we are thinking of
using business alliances to achieve this. (We have already started negotiations
with some of famous gaming companies and creators)
Another important thing for our game is that we would like to implement the concept of earning money from the game . We are referring to Axie Infinity, the first famous game in Vietnam, and we will continue our research to realize play-to-earn. The other is business.
Facebook has recently mentioned business using the metaverse, and CEO Zuckerberg has announced that in the next five years, Facebook will be a company that does business in the metaverse. We, too, believe that the metaverse has unlimited business potential, and we would like to create our own economic zone in the metaverse space. We aim to implement advertising and EC, which are the easiest to understand and the mainstream of the current Internet world, in the early stages, and to realize a unique finance model backed by the value of the metaverse.
16 Project Finance
We do not have any VC
investment at this time. As our business expands, in addition to VC funding, we
have team members who are strong in financial structuring, and we plan to raise
funds by setting up our own funds in Micronesia and other countries. We also
plan to raise funds through partnerships with leading sponsors.
17 Conclusion
In order to stabilize the
price of XRI tokens, we are currently working on three major initiatives to
stabilize the value of XRI tokens.
The first one is the use of gold, which we have already announced, and the Gold Debit NFT, which will reflect the value of the NFT and the value of gold in the XRI token. We intend to create an economically stable exchange model between XRI tokens and Gold Debit NFTs. The second one is the creation of a fund. We are working to secure liquidity by creating a fund that invests in XRI tokens through private placement.
The third one is that we are working on our own Defi, which we are planning to launch at the beginning of the year, in addition to our partnership model with Coineal. We aim to create a scheme to stabilize each other’s value by creating a currency mix with multiple virtual currencies that are already recognized for their value. We are currently negotiating to partner with other tokens with high liquidity, and will make an announcement as soon as it is decided.
Thank you for reading our presentation today. Our project is really unique. Firstly, we have strong partnerships already and announce partnerships with famous companies in the near future. Secondly, we can make use of gold, NFT assets, metaverse economics, and other partner tokens for ensuring our token value Thirdly, we have YOU (i.e. strong promoters)
Be the change you wish to see in other people. Mohandas Karamchand Gandhi
End of my presentation, Thank you indeed, everyone!
Mary | Satoshi Club:
And thank you! It was incredible 👍 so many useful info🚀
D. | Satoshi Club: Big thank you for an impressive intro! 👏👏👏if we can call it ‘intro’ 😄you gave us a very deep overview of your project 👍
Mary | Satoshi Club:
But we still have questions from our community for the first part😀
@hideken2 ready?
Hideki Fujii: Yes, why not!
D. | Satoshi Club: I think all those questions were already answered in one way or another 😄
👍
Let’s goooo!
Q1 from Telegram user @Cheriemike Data privacy is one of the main limitations of blockchain and on a public blockchain,new participants can join the blockchain network freely and access all the information recorded on the blockchain.Since XRoad is the Intersection for management of users data from off-chain to on-chain and back,How do you ensure confidentiality of the data stored on a blockchain?What solution have you provided to preserve the privacy of users on your platform and with what benefits? Thanks
Hideki Fujii:
We will not put all sensitive personal data on a public blockchain for sure.
Please bear in mind that it is still in a design stage. We plan to publish
either generic enough information or public keys that allow service providers
to verify users’ identities. Service providers pay to get your permission to
link your data and what’s on the blockchain for their business.
Mary | Satoshi Club:
What about your platform security? Did you pass any audits?
Hideki Fujii:
Not yet, but we will get audited in the near future when it is ready
Mary | Satoshi Club:
We will wait for the results 🙂
Thank you for your answers! Ready to proceed?
Hideki Fujii: Yes, please.
Q2 from Telegram user @DK177 You have allocated a 20% portion from your total supply for token sales. However, there is no information available on a private sale or a presale. What are the utilities of this allocated token amount? To whom do you sell the tokens? Can’t the community buy your token before listing it on an exchange?
Hideki Fujii:
Our token, XRI, is already on Coineal for you to buy. Actually we have not sold
20% of the tokens to others yet. We hand pick people who will hold the token
for the long term only to avoid strong sell pressure in the short term.
D. | Satoshi Club: So you not planning any token sale?
Mary | Satoshi Club:
So, that tokens will be locked for some period?
Hideki Fujii: No, and we will think token bulk sales in the near future and as for some tokens, they are locked (i.e. reserved)
Mary | Satoshi Club:
👍
Thank you for your answers! Ready to jump to the next question?
Hideki Fujii:
Yes!
Q3 from Telegram user @Jonahapagu One of the most relevant parts of Xroad is the XRoad Locker which will allow users to own their data and decide how data is used, This is said to include control over What information of theirs is registered, Which service providers have access to the data, What data to disclose to specific service providers, and the value of the disclosed data to providers… So how will users be able to access and use the Xroad Locker for each of these mentioned actions, what will be the requirements, and will all users of The Xroad Locker be able to carry out all of these actions, or will some be reserved for those who might belong to a premium group of individuals, what will users of the XRoad locker get in return for their Data and information, and what will be the gain of Xroad when users sell their Data using your platform.
Hideki Fujii:
We will build an app for data locker access from your device. There are no
pricing groups for intended classes of services for the time being. Our
business model is to get paid from service providers to access your data.
Hopefully there are no or at least very little fees on users. We may start with
an app which is centrally managed, but plan to make it decentralized so that
some of you may join operating nodes to gain additional benefits.
D. | Satoshi Club: When do you planning to launch that app?
Mary | Satoshi Club:
Can you tell us more about additional benefits?🙂 How user can join
operating nodes? Is it easy process?
Hideki Fujii: We are trying to release some apps this year-end as a beta version.
As for operating model, we are studying now, therefore please wait but we’d like to be simple and easy to use and access for any user.
D. | Satoshi Club: Got it! we will wait 😊
Mary | Satoshi Club:
Thank you for your answers! Ready to go to the next question?🚀
Hideki Fujii:
Yes!
Q4 from Telegram user @Arisabela I was reading about the XRoad’s decentralized storage and I understand that initially the data will be encrypted and then splitted and distributed among multiple nodes, so how secure will this mechanism be against external attacks? Considering that data will not be encrypted at the end of the process, how secure is this storage among nodes? Who’s in control of this process?
Hideki Fujii:
Users are in control, and only allowed service providers can read corresponding
data. Owners of storage nodes cannot understand what the data mean as they do
not know how the data split and encrypted.
Mary | Satoshi Club:
That’s great! Did you already tested everything? Or tests are ongoing?
Hideki Fujii:
Not yet, We are planning to conduct an initial test with Jasmy (our partner).
Mary | Satoshi Club:
Nice! Hope you will get only positive results!
Hideki Fujii: Thx.
Mary | Satoshi Club:
Thank you for your answers! Ready for the next question?
Hideki Fujii:
Yes
D. | Satoshi Club: Thank you for your answers! let’s move onto the next question😊
Q5 from Telegram user @victorogb At some point during the XRoad project development; precisely Q4 2021 to Q1 2022, XRoad would start it’s Gold Debit Credit service in Japan and gradually expand these services to East Asia, and also start a DeAD (decentralized advertisement) service. Even as these services are innovative and highly commendable, can you shed some light on them, what exactly is the “Gold Debit Credit” service, and why have you specifically chosen Japan for its launch? Finally, with plans to starting a DeAD service by the first quarter of next year, how best will you structure these services to the benefit of prospective clients, businesses, and consumers?
Hideki Fujii:
The reason why we chose Japan for Gold debit launch is that we have connections
to purchase an adequate amount of gold from Switzerland. Also there are many
foreign workers there, and so they need a service to send their ‘money’ to
their families overseas. Gold debit is like a store of value backed by gold.
Historically it was like that but abandoned. We try to revive it.For DeAd, we
are in talks with ad agencies for better deals. We may start with a centralized
service, and later switch to smart contract based service for automatic ad
viewing fee calculation for all relevant parties.
Mary | Satoshi Club:
Do you plan to add more countries?
Hideki Fujii: Yes, we plan to expand our services to Vietnam and South Korea shortly once it gets ready.
Mary | Satoshi Club:
That’s nice! One day your services will be available worldwide 👍
Hideki Fujii:
I hope so!
Mary | Satoshi Club:
Thank you for your answers! Ready for the 6th and last question from this part?🔥
Hideki Fujii:
Yes!
Q6 from Telegram user @Asela1112 Recently you have announced a long term partnership with COINEAL Exchange & XRoad ($XRI) already listed in COINEAL. Along with this Collaboration, XRoad is going to build a NFT market. So Could you please give more details about this Partneship with COINEAL Exchange & about the Upcoming NFT marketplace with COINEAL? In which manner will XRoad discover the final destination of XRI through this Long term partnership with COINEAL Exchange? How did this partnership impact on scarcity of Your Community?
Hideki Fujii:
We plan to open the NFT market in Oct or so. The great aspect of the
partnership with Coineal is their large user base. We hope to put attractive
NFTs for them and our token to be used there to buy NFTs.
D. | Satoshi Club: Can you give us some info about your upcoming partnerships?😉or it’s a secret for now 😇
Mary | Satoshi Club: It will be the only payment option or users will have a choice?
Hideki Fujii: As for partnerships, we are under negotiations, so it is secret for the time being.
D. | Satoshi Club:
😉
Hideki Fujii: As for the payment options, we are starting from famous tokens such as BTC, ETH, USDT, and we will add our token of XRI.
D. | Satoshi Club: Good for start 👍
Hideki Fujii: Thx.
Mary | Satoshi Club:
I like your strategy 👍
Hideki Fujii:
Smashing at
Ta sorry.
Part 2 — live questions from the Telegram community
Q1 from Telegram user@King_Raja What are the opportunities user will get on NFT social Park? What kind of NFT’s will be there?
Hideki Fujii: Japanese celebrities such as sports players, classical music players, etc.
Q2 from Telegram user @Mercury654 I am impressed by your project name ” XROAD “ Can you tell us the reason to choose this as a project and is there a specific meaning to the “ROAD” used in the project name?
Hideki Fujii: Road where digital and physical world cross.
Q3 from Telegram user @vedamatrix After the Gold Debit Credit service do you plan to add more like Silver and Platinum?
Hideki Fujii: So far, Gold only thank you.
Q4 from Telegram user @Ratash97 Can you tell us how the xroads oracle verify and authenticate the data?
Hideki Fujii: We will implement DAO model. We will ask everybody to check with the incentive model.
Q5 from Telegram user @Saif12123 Can I purchase your tokens right now and also which wallet supports your token?
Hideki Fujii: Yes, you can buy it at coineal and our token in on ERC20.
Q6 from Telegram user @Crypto_84 I see The team & Project is from Japan, Are you Focusing in Japan only or your aim is to cover globe?
Hideki Fujii: Our team is basically Japan base but our scope is not only Japan but global.
Q7 from Telegram user @alptrader Can you explain us and how can you convince us that XRoad will not exit scam and rug pull token on us?
Hideki Fujii: We are already designing some of the systems and going to have a testing phase soon. Additionally, we are going to release NFT platform next month.
Q8 from Telegram user @Rose_b21 XRoad is using blockchain technology and the Xroad Locker is designed with the core belief in user-controlled data. For the sake of user’s convenience, how can they have control over particular service providers which have access to their data?
Hideki Fujii: Users can select service providers. Users can select which services they want to use and stop using.
Q9 from Telegram user @pope10007 What is the motivation for you to create the project? Do you want the project to achieve achievements in the future?
Hideki Fujii: Be the change you wish to see in other people. Mohandas Karamchand Gandhi Please join us!
Q10 from Telegram user @Kargil1999 Xroad did a Partnership with Coineal, How it’s going to help Xroad in its future development?
Hideki Fujii: We will collaborate coineal not only with NFT but original mainnet and Defi please stay tuned.
We were delighted to welcome our guest from CAG3. The AMA took place on September 4th, 2021 and our guests were @bakreemah and @YHWH_is_King1
The total reward pool was 500$ and
was divided into three parts. In this AMA Recap we will try to summarize some
of the most interesting points for you.
Part 1 —
introduction and questions from the
Telegram&Bitcointalk community
Gold Rocket | Satoshi Club: Hello,
dear Satoshi Club! We are pleased to announce AMA with CAG3!😊
Gold
Rocket | Satoshi Club: Today our guests are @bakreemah and @YHWH_is_King1
Andrés
M. | Satoshi Club: @YHWH_is_King1 and @bakreemah welcome to Satoshi
Club, is a pleasure for us to be your host today 😃
Samuel |
Will Never PM you first|: Hi thank you, glad to be your guest today😊
Gold
Rocket | Satoshi Club: Hello and welcome to Satoshi Club, guys!
Gold
Rocket | Satoshi Club: How are you doing😊
Samuel |
Will Never PM you first|: Thank you Gold
Samuel |
Will Never PM you first|: Very fine, how about you and this wonderful
community?
Gold
Rocket | Satoshi Club: We are really excited about upcoming AMA😍
Gold
Rocket | Satoshi Club: Let’s start! Introduce yourself please. How
did you get to be involved in crypto & CAG3
Gold
Rocket | Satoshi Club: Tell us please about your position in CAG3
Samuel |
Will Never PM you first|: Thanks
Got into crypto in late 2016 through a friend who suggested it to be a
form of payment for an online business we were involved in. With C4G3, I’ve
known the core team for some time and we’ve been brainstorming ideas on how to
improve the meme ecosystem and take it to another level.. After sharing a few
ideas and looking at the potential and what the future holds, I decided to be
part of it.
Gold
Rocket | Satoshi Club: Btw we would like to know more about your
team. Who is on the project team core?
Andrés
M. | Satoshi Club: What is the meaning of C4G3?
Samuel |
Will Never PM you first|: This is a breakdown of the current team and
some have already passed KYC
Core Team: 4 (Developments).
Volunteers: 3(PR, Marketing, etc).
Volunteers will be dissolved once everything is handed down to the
community, they may continue with helping the project if they wish.
@bakreemah who is here with me is part of the core team too
Samuel |
Will Never PM you first|: C4G3 is a meme spelling of the word CAGE
Gold
Rocket | Satoshi Club: Thanks for great introduction, we will have
several questions selected for the Part 1. Ready to start?
Andrés
M. | Satoshi Club: Oh got it.
Samuel |
Will Never PM you first|: Ready………..❤️
Q1 from Telegram User @Billz120
On C4G3 (TOKENOMICS)- I understand it stands quite
apart and goes against the grain of typical meme tokens. With a fixed supply
and no transaction tax, C4G3 is not Deflationary.we are equally made to
understand that C4G3 Token by design doesn’t follow the current and common
trend. This is very interesting to hear. Could you please tell us enthusiasts
what particular trend unique C4G3 applies in blockchain as the utility and
governance token for a meme Index protocol that is an equally-weighted index
token of top and tradable meme tokens?
Samuel |
Will Never PM you first|: The team decided to make the C4G3 token a
simple ERC-20 token. Honestly speaking, that’s how normal ERC-20 tokens are
meant to be as composed by @feindura one of the Ethereum core Devs and
Vitalik.. Tokens with taxes have some downsides and we didn’t want to add that
to the the set already available in the pool. C4G3 is a governance token,
initially governing the CMI and subsequent index pools in the future. It can
also be used to mint the CMI.. It’s the only irreplaceable token in the index
and if any new index gets created, C4G3 will be an automatic addition. Thank
you
Gold
Rocket | Satoshi Club: thanks a lot for the answers! please share
your tokenomics with Satoshi Clubbers
Samuel |
Will Never PM you first|: There you go https://docs.cag3.io/tokenomics
Gold
Rocket | Satoshi Club: Thanks for sharing 😊
Gold
Rocket | Satoshi Club: Ready to proceed to the next question?
Samuel |
Will Never PM you first|: Ready..😄
Q2 from Telegram User @Emnking
CAG3 as a community driven project have organized a
CAG3 Shillers Volunteer platform where CAG3 will share certain responsibilities
with the community in order to enhance maximum community participation in an
organized manner. Can you tell me the benefits one will get from being a CAG3
Shiller? What are the processes involved in being a Shiller volunteer? Is this
the same an ambassadorial program? What are the requirements for users who’re
willing to be a part of this project?
Abu-Bakr:
Hello Everyone!
Sorry am late! Got held up in a traffic.
Gold
Rocket | Satoshi Club: Hi! Nice to e-meet you
Abu-Bakr:
Thank you! Nice to e-meet you as well
Andrés
M. | Satoshi Club: Don’t worry, welcome to the AMA
Samuel |
Will Never PM you first|: The volunteer group can be considered as an
ambassador program even tho there are no certain terms or rewards spelt out but
the team will certainly reward active and volunteers who put in great efforts
to help push the ecosystem forward. Currently the only requirements are your
interest in what we are building and if you have any skills..
Here’s a form every interested person can fill to get involved
Abu-Bakr:
First, this is an ongoing events but may be closed soon.
Secondly, Every member of our community can promote the project in there
own possible ways, this is built for the community.
Gold
Rocket | Satoshi Club: Thanks for clarifying ☺️
Andrés
M. | Satoshi Club: Great job, community is the pillar of each project
Abu-Bakr:
Exactly!
Andrés
M. | Satoshi Club: Thanks for the answers, ready to go with the next
question?
Abu-Bakr:
Yep
Q3 from Telegram User @Asela1112
You are going to launch CAG3 MASTERS (NFTs) on Phase
04 of your Roadmap. CAG3 as a Meme Index platform, how will you bring this
event in to your ecosystem? Will you allow your index platforms (Meme tokens)
to present their NFTs within CAG3 platform? How about the real world benifits
of CAG3 MASTERS NFTs? Will your team only create NFTs or do you allow CAG3
community artists to create NFTs? And how about the NFT price evaluation, Do
you have a idea about that already?
Abu-Bakr:
All things regarding the NFT as indicated on the roadmap are yet to be
finalized, since the entire NFT ecosystem is going through series of
development, we will not make any decisions until we have been able to explore
all options, this will determine the form which our NFT is going to take.
One thing is certain though, CAG3 MASTER NFT will not be a joke. 🙂
Andrés
M. | Satoshi Club: Could share us the whole roadmap?
Abu-Bakr:
An example of this is the fact that there are numbers of L2 upcoming
projects specifically designed for NFT ecosystem, we will want to benefit from
this, so as a result, we won’t be making a final decision until we have been
able to explore all alternatives that can greatly benefit CAG3.
Abu-Bakr:
Sure, our roadmap can be found on cag3.io.
Gold
Rocket | Satoshi Club: Thanks for sharing 🙂
Abu-Bakr:
My pleasure!
Gold
Rocket | Satoshi Club: Let’s proceed to the next question😁🚀
Abu-Bakr:
Nice
Q4 from Telegram User @yellowchamp
Many DeFi platforms like Uniswap, Yearn, Compound
among others have made decentralization a guiding priority and you intend to
follow in those footsteps. You want to see a future where CAG3 finally becomes
a community-owned and run project with all proposals made and decisions voted
on or taken solely by the community. So,in what way that you will follow the
footsteps of those mentioned platform as decentralization is their guiding
priority? As we know that those platforms mentioned were already established
their name in the market,so as a meme token what is the greatest potential of
CAG3 to be more decentralized and also be establish in the market in upcoming
time? If CAG3 will be a truly community-owned project,what will be the role of
the team behind CAG3? Thank you
Abu-Bakr:
Doge, Shib, Kishu, they were all initiated by a single mind, however,
they became a community owned project all thanks to the efforts the community
contributed to the development of the project. Nevertheless, the
team/developers didn’t abandoned the project, what they simply did was create a
big circle of working force or team, propelling the project even to a greater
height.
This is the footsteps we also plan to flow.
In other words, Currently, the
main function of the team is to ensure the project function as expected, gets
the exposure that is needed and guide new members willing to assist the team on
how things are done, nonetheless, the team will always sort after advices from
the community, seeking the best of opinions, once the project is fully matured,
then the community takes total control with the team serving as mere
supervisors.
Samuel |
Will Never PM you first|: Decentralization as we know and see it has no
peak. You can see some flaws in the Uniswap governance platform over the past
few weeks but this is a new ground for cryptocurrency projects and we don’t
expect all things to be perfect but we believe releasing the project completely
into the community is the best way to make sure this project continues to
thrive and a strong and vibrant community is the key. Some team members will
still be there to assist especially with development. C4G3 will tap into the
success of dear Doge and Shiba and that’s how we will establish ourselves.
Andrés
M. | Satoshi Club: Looking your roadmap, specially the phase 4,
staking. Could you tell us more about it? How high will be the APR?
Abu-Bakr:
Again, at the moment, we can’t reveal much info on those as it depends on
the trend of the current development. So we won’t want to say a thing now and
change later. However, every information will be duely committed to the
community way before execution.
Gold
Rocket | Satoshi Club: Thanks for your answers
Gold
Rocket | Satoshi Club: Ready for the next question?😊
Samuel |
Will Never PM you first|: Ready
Q5 from Telegram User @Ajpaa
C4G3 is deployed on Ethereum blockchain with a
decentralized ERC-20 token that will be used to govern the C4G3 ecosystem. Considering
Ethereum high gas fee, why did you decide to use Ethereum protocol? What are
your plans to scale the high transaction fee? Do you have plans to integrate
other blockchain with lower fees with faster transactions like BSC?
Abu-Bakr:
The protocol on which the Index platform will be launched is at the
moment only on Ethereum chain. We understand how difficult it is for some to
get along with eth fees, at this moment we are currently debating the best
solution to give easy access to out ecosystem, more on that info will be
communicated once a decision has been made by the team.
Samuel |
Will Never PM you first|: Ethereum was chosen because that’s where the
CMI is being developed. The fees have been quite outrageous and the team has
taken notice. Can’t give any info right now but the team will work on a good
and favorable solution for our community.
Andrés
M. | Satoshi Club: Don’t you think high fees of the network could be a
problem to the liquidity?
Gold
Rocket | Satoshi Club: By the way, please remind us, where we can buy
your tokens?
Abu-Bakr:
Well, every project on ETH chain sures value the longevity offer of the
chain over short term barriers. And yes it could be for the main time, but once
CAG3 has been marketed the way we are planning, it won’t be.
Samuel |
Will Never PM you first|: Our tokens can be purchased here
Uniswap, Shibswap, and tokpie exchange. Links can be found on this
message: https://t.me/cag3_Index/85
Andrés
M. | Satoshi Club: Great 👏
Gold
Rocket | Satoshi Club: Thanks for your answers 😃
Gold
Rocket | Satoshi Club: Let’s proceed to the next question🚀
Andrés
M. | Satoshi Club: Pay attention Satoshiclubbers, an amazing gem here 😁
Q6 from Telegram User @Jonahapagu
CAG3 is said to be a community-owned project and
that after some time the team will be implementing a governance system to give
complete control of whatever has been built to the community, but In the
initial stages, the team will be in control of key sectors of the project,
especially development, till a time when the team will relinquish control on
the project into the hands of the community…So what will be the features of
your governance system and how do you intend to hand over complete control of
CAG3 to the community, at what level of development or stage will the platform
be completely handed over to the community
Abu-Bakr:
To simply put.
It will be handled in not so diffiferent ways our predecessors have done
it, we might add a few tweaks though.
Andrés
M. | Satoshi Club: Good point
Andrés
M. | Satoshi Club: Btw, what could you tell us about security? Have you
done any audit process?
Abu-Bakr:
Our current token $C4G3 was audited bu solidity.finance, and we will also
audit our Index platform before mainnet deployment.
Part 2 — live questions from
the Telegram community
Q1 from Telegram
Samuel | Will Never PM you first|: Yes that’s the perfect way to go about it. C4G3 is the governance and utility token while CMI is the index. There is a difference. CMI needs to be backed by the underlying assets before they can be in existence. If you check our tokenomics you’ll realize some funds have been set aside to get the assets that make up the CMI.
Q2 from Telegram @LuisPagulayan
What is all about your voting campaign at CoinCatapult? What is your purpose to gather votes? How does it affect your platform
Abu-Bakr: Voting on coincatapult helps in the following ways:
1. Test the strenght of our community support as early ad we are.
2. Get us listed on the platform. We believe every good exposures is better for the Project’s public awareness.
Q3 from Telegram @Korryl
this is 1st time i hear about C4G3 project and its looks great also promising, so can you explain to me where to get C4G3 Token? how about PreSale / IDO ?
Samuel | Will Never PM you first|: The sale already ended about a week ago and current the only ways to get it is to buy on Uniswap, Shibaswap and Tokpie
Communities created in different regions for projects and with large audiences can provide different and interesting ideas.What are CAG3’s perspectives on communities and is there a region where it focuses specifically? What are CAG3’s marketing strategies and plans to reach non-crypto users in particular?
Abu-Bakr: As we have stated earlier, we strongly believe in community support, this is part of the reasons why we decided to have an AMA with different regional A groups.
Q5 from Telegram @Akira236
I see that $C4G3 is fixed at 100000000,
Do You plan to reduce the current supply?
If yes, when is that happening?
Abu-Bakr: For now, the supply is already circulating and fixed, so no plan for further reduction.
Q6 from Telegram @Prashantbgmi
You said that $C4G3 might become more scarce than most deflationary token, How will try to make it more valuable?
Samuel | Will Never PM you first|: By including it in more index pools that will be launched subsequently, it’ll become scarce since it’ll be the only automatic addition in all pools and also irreplaceable
Q7 from Telegram @tomo_fan
What were the main flaws did you get from the audited report by Solidity?
Were you able to Clarify it?
Abu-Bakr: No flaws were detected from the audit.
We also ran some internal audit before going public with the audit.
Q8 from Telegram @sophiejohnson1
NFT is very popular. Will there be CAG3 NFT integrations or enhancements?
Samuel | Will Never PM you first|: Yes there will be, we plan to make it more than just artworks as seen recently on the CAG3 Website – cag3.io CAG3 Telegram – @c4g3Index market and a lot of research is being done, more information will be released in due time
Q9 from Telegram @King_Raja
$CMI token has been created to track the index assest, But actually how will it work?
Au-Bakr: Think of holding those five tokens together in a wallet 😁
Q10 from Telegram @mucana
WHY should a crypto newbie choose the CAG3 platform?
Abu-Bakr: Think of it as a fair way to invest in meme projects
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of CAG3 . They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
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 Beyond and our guest, @Alexander_Kravets. The AMA took place on the 3rd of September.
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: Hello again, dear Satoshi Club community! We are pleased to announce AMA with Beyond😁 Today our guest is @Alexander_Kravets!
Alexander Kravets: Hi @GoldRocket27! Awesome to be here with everyone 🙂
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @Alexander_Kravets!😊
Andrés M. | Satoshi Club: Welcome to Satoshi Club Alexander, it’s an honour for us to have you here!
Alexander Kravets: Thank you for having me!
Gold Rocket | Satoshi Club: How are you doing?😊
Alexander Kravets: I’m good! It’s about 8pm where I am, have been traveling all over the world last few weeks, so I’m trying to figure out if it’s fall or summer – so busy these days @Beyond! How are you?
Gold Rocket | Satoshi Club: We are really excited to e-meet with you😍
Alexander Kravets: Likewise, it’s my pleasure!
Andrés M. | Satoshi Club: Really excited for this especial AMA session.
Gold Rocket | Satoshi Club: It means that you and I are in the same time zone, and Andres is now at lunchtime, it seems😁
Andrés M. | Satoshi Club: Correct haha!
Gold Rocket | Satoshi Club: You will survive with love and help from Satoshi Club😁❤️
Alexander Kravets: Well, let’s not bug him and hopefully I can make it to dinner 😀 Cool – where are you based?
Andrés M. | Satoshi Club: We are a team from different parts of the globe, I’m from LATAM for example😃
Gold Rocket | Satoshi Club: I’m from Ukraine. Odessa😍
Alexander Kravets: I’m in Kiev this week! Hope it’s still beach time by you guys.
Gold Rocket | Satoshi Club: It got a little cold, but real crypto lovers it never stopped😁
Alexander Kravets: Ibiza! Pump it!
Gold Rocket | Satoshi Club: Don’t tell my mom🤩😅
Let’s start! Introduce yourself please. How did you get to be involved in crypto & Beyond?
Alexander Kravets: So my name is Alexander Kravets, based primarily in the US, currently I’m the COO of a large multinational centralized crypto exchange. My background is 12 years at a regulated trading firm catering to high frequency traders, stock brokerage, trade clearing, trading software, market data, and retail brokerage systems. I’m a DAO member and advisor at Beyond, I joined as I’m excited about the possibility of bridging DEX functionality and synthetic instruments to make trading synthetic assets an opportunity worldwide.
Gold Rocket | Satoshi Club: Great background👍
Andrés M. | Satoshi Club: Long experience, wow👏
Alexander Kravets: I got involved in crypto by launching a trading firm around crypto data and execution in 2017 or so, totally jumped in – been a super fun ride since!
Gold Rocket | Satoshi Club: You felt the prospects very early👏
Alexander Kravets: It’s funny, we all think we’re late, and it’s STILL early! Only 100m people own BTC. We have way more upside.
Check this out – how the market has grown mathematically and exactly as designed. Upside 10m (10^7).
Gold Rocket | Satoshi Club: Yes, we are still at the origin of mass adoption😁🔥 And it’s really amazing and gives chance for us.
Alexander Kravets: Absolutely. It’s how the future will run – permissionless, decentralized, open, and inclusive.
Andrés M. | Satoshi Club: So, which year do you think we will reach 10^7 price?
Alexander Kravets: 4 years per ring on average, see the vertical axis at 12 o’clock. I’d say 2030. 1m in 2026 etc.
Andrés M. | Satoshi Club: I will keep this message, I’m completely agreeing with you😁
Alexander Kravets: One more and we have a crowd.
Gold Rocket | Satoshi Club: When did you buy your first bitcoin?😉
Alexander Kravets: 2017
Gold Rocket | Satoshi Club: And when sold😂 I am this summer😅
Alexander Kravets: Not selling!
Gold Rocket | Satoshi Club: You have iron nerves and strong faith😁
Alexander Kravets: Haha thanks!
Gold Rocket | Satoshi Club: What is the essence of Beyond?
Alexander Kravets: So Beyond Finance is a novel way to access synthetic assets, bringing traditional financial services to the global crypto community. Beyond’s DEX will simplify synthetic trading by overcoming the limitations of existing synthetic asset platforms. Beyond’s vision is to address the global unbanked problem, and provide democratic access to trading instruments – anyone can easily trade and issue synthetics via a decentralized platform, simply by connecting their blockchain wallet to Beyond.
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 Beyond?
Alexander Kravets: Sometimes it can take a long time – but not with Beyond.
It was created by experienced traders with backgrounds in traditional finance that thought synthetic platforms sucked and wanted to build a better one – so they did.
Raised 7m in a few weeks since there was a great product!
Launched token IDO in April and product mainnet launch was in August.
So moving forward it’s a better experience, lower cost with an updated chain, more stuff to trade, a launchpad (we call it BELP for Beyond Launchpad and there’s a Belpy the cat, it’s super cute) as well as lots of liquidity and gamification stuff.
Gold Rocket | Satoshi Club: You’ve chosen a great time to launch👍 Bullish sentiment I think played a good role.
Alexander Kravets: Good products get ahead sooner or later, but definitely a great time!
Gold Rocket | Satoshi Club: Absolutely agree!
Andrés M. | Satoshi Club: Could you explain a little more about what is a synthetic asset?
Alexander Kravets: So essentially a synthetic asset is a representation of a real asset that is not something you exchange or redeem to get the asset – you just trade it. There’s a price feed and a market. You can bet on the price of oil without buying oil.
Andrés M. | Satoshi Club: Oh perfectly explained, thank you.
Gold Rocket | Satoshi Club: Also we would like to know more about your team. Who is on the project team core?
Alexander Kravets: Team comes from global asset management, govt regulatory agencies, VC, investment banks, trading, management consulting – Goldman, UBS, Bain, Two Sigma, Singapore Ministry of Finance, Index Ventures, etc. Also founders and board members of top tier global exchanges. A few of the guys – https://bfinance.medium.com/introducing-the-team-at-beyond-finance-ba6b8b0af055
Growing quickly with major dev hires, ops, biz dev etc.
Gold Rocket | Satoshi Club: This means that the team is doxxed and public.
Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?
Alexander Kravets: Let’s do it!
Q1 from Telegram user @Josegamboac:
Not all cryptocurrency traders are familiar with trading synthetic assets. Right now, these platforms suck: they are difficult to use, expensive, have difficult to understand mechanisms, and are illiquid. Beyond will make it easy and friendly to use, specifically targeting retail users around the world. How is Beyond working to make its platform user friendly? In what way will you go beyond to have liquidity? How will you allow a user not so familiar with the crypto world to access your platform?
Alexander Kravets: A few existing players are out there, but much more to improve as these platforms focused mostly on staking their native token.
There’s high costs, poor price tracking, low liquidity and lousy UI/UX, high collateral cost.
Beyond changes that – better UI, better liquidity, issuance of any asset, with a lower 300% collateralization vs a common 750%. There is also full transparency and we are transitioning to much more efficient chains.
Easy, cheap, more stuff, less cost, fast.
Liquidity we have proprietary market making and transparent price discovery, trading reflected on chain.
The whole experience is based around the common user. We just partnered with Klaytn wallet for example – their parent company is Kakao, owns Kakaotalk, 90m users – so these users who use Klaytn wallet will be able to use Beyond to trade synthetic assets.
Gold Rocket | Satoshi Club: Do you have a guide on how to start being a newbie on your platform?
Andrés M. | Satoshi Club: What are the benefits into the platform for $BYN holders?
Alexander Kravets: So first, they get staking rewards when they stake BYN on the Beyond DEX.
There’s also LP rewards, trading fee rewards, BNY is a governance token so they can vote, launchpad coming, etc.
Andrés M. | Satoshi Club: Oh great, how high is the APY?
Alexander Kravets: Right now it’s several hundred percent as an intro. I think a 120 day lock.
Gold Rocket | Satoshi Club: Sounds great!
Andrés M. | Satoshi Club: Thanks for your answers. Ready to go with the next question?
Alexander Kravets: Yep!
Q2 from Telegram user @Ajpaa:
The Beyond Mainnet launch 1.0 took place August 11th, also you have tentatively announced that Mainnet Layer 2.0 launch is scheduled for December 8th. What is the reason for this proposed upgrade and it’s advantages? What are the differences between the two of them? Are you going to be deploying new products and features with the launch of the Layer 2.0? If yes what feature/product?
Alexander Kravets: Very good question.
Mainnet was launched on Ethereum – so gas costs are high and takes a while sometimes due to network limitations.
Accordingly, 2.0 will be on a better chain for this – cheaper and faster.
Plus additional assets, chart studies, pricing, LP rewards, create your own asset, list private assets that aren’t trading yet (partnership with Lithium), launchpad, lots of other cool stuff!
Gold Rocket | Satoshi Club: Which of these features are you personally most proud of?😉
Alexander Kravets: Haha how can I choose! Like which children I like the most. But generally having easy access to trade stuff securely and cheaply and quickly is the goal, and I’ll be proud when we hit it out of the park later this year.
Andrés M. | Satoshi Club: Haha we understand, thanks for clarify it.
Gold Rocket | Satoshi Club: Gotcha😁
Andrés M. | Satoshi Club: Let’s proceed with the next question.
Q3 from Telegram user @Jmagsss:
Actual and live prices of synthetic assets are difficult to determine and that is why oracle plays a big role in synthetic asset platform like Beyond Finance’s. For your market and platform, what oracle service provider are you using? Does Beyond Finance use third-party oracle providers? If so, would you develop your very own oracle in the future to access price feeds and data from different assets around the world?
They’ve done a great job and so, we will focus on the trading part, while having them provide the best pricing data 😀
Andrés M. | Satoshi Club: Which other partnerships do you have currently?
Alexander Kravets: A bunch actually!
So Klaytn is huge – millions of users. Huobi invested and partnered with Beyond. So did OKEx. Lithium for listing private assets (things that aren’t traded in public markets).
Gold Rocket | Satoshi Club: In fact, all of your partnerships are with serious players in the crypto market.
Andrés M. | Satoshi Club: Important brands there👏
Gold Rocket | Satoshi Club: By the way, why did you name the project like that? is there any secret in this?😁
Alexander Kravets: I didn’t name it – but I guess it’s Beyond traditional finance – get it? Beyond🚀
Andrés M. | Satoshi Club: It makes sense😃
Gold Rocket | Satoshi Club: I love this concept👏
Alexander Kravets: Thank you! Yes, these are very credible organizations. They see the value and so do we – it’s a huge market. Decentralized synthetic assets = anyone anywhere can trade anything without giving someone their assets.
The Beyond team will execute, as they have been.
Q4 from Telegram user @DK177:
It is happy to see that The Beyond exchange offers loans. However, it has been indicated that we have to lock ETH and borrow ETHb or USDb. It is true that ETHb and USDb are faster and cheaper to transfer, but they have limited utilities and they are not available on popular exchanges. Why did you decide to offer loans with these tokens? There are many platforms that offer loans with our desired currency. Then why should I choose The Beyond to apply for a loan? What are the unique benefits you offer?
Alexander Kravets: The loan function hasn’t been finalized to my knowledge, but I would imagine that there would be competitive loan rates and high security. ETH and USD at Beyond should be quite liquid.
Look for more info on this soon!
Gold Rocket | Satoshi Club: Please do not forget to share with us😉
Alexander Kravets: I’ll bring it to the Odessa beach club, promise!
Gold Rocket | Satoshi Club: Do you want to add something to this question?
Andrés M. | Satoshi Club: Btw, could you share us your roadmap? We would like to know what else is coming!
Alexander Kravets: Of course, here it is!
We’re on track – launched mainnet, mobile coming shortly. Next, 2.0 version on HECO chain (partnership with Huobi). Loan and launchpad EOY. Plus gamification, leverage/inverse trading, lots of other stuff!
Gold Rocket | Satoshi Club: Yes, and you rush like a rocket🚀😁
Alexander Kravets: Boom!
Gold Rocket | Satoshi Club: Thanks for sharing😊
Alexander Kravets: Of course!
Andrés M. | Satoshi Club: A big ecosystem to the end of this year, incredible😁👏👏
Alexander Kravets: Honestly it’s a strong team – That is why I joined and invested as well. They have a strong understanding of trading that many in the space don’t and a background of executing projects.
Andrés M. | Satoshi Club: That generates confidence in the users.
Alexander Kravets: Yes, and the product speaks for itself.
Gold Rocket | Satoshi Club: Ready to proceed to the next question?😉
Andrés M. | Satoshi Club: Let’s proceed. Thanks for your answers!
Q5 from Telegram user @Highpee:
At start, your project will be controlled by what you called benevolent dictatorship by the team before transitioning into a DAO. How benevolent will the team be during the initial stage of dictatorship and for how long will it last?
Also, why do you think it is necessary for your users to stake a minimum of 50,000 $BYN in their wallet before they will be able to have a say when you eventually transit into a DAO? Why will governance not be opened to every valuable members irrespective of the $BYN held? Also, you said users will be incentivized to participate in governance. What type of incentive are you going to offer and will such incentives be given out in proportion of user’s BYN also? Will incentive be for all users that join the proposal through voting or is it only meant votes that won the proposal?
Alexander Kravets: Initially, you have to launch something before it gets big enough to have effective decentralized governance. The 50k BYN threshold was set to ensure that stakeholders made decisions that have skin in the name – later that is expected to be lowered with popular voting. Incentives are voting rewards and I believe it will be based on participation, not success.
Gold Rocket | Satoshi Club: This is fair, I think.
Alexander Kravets: Appreciate that, thank you.
Andrés M. | Satoshi Club: Where and how can we buy BYN token?
Alexander Kravets: Currently on the Beyond DEX, MXC, Gate.io, Ascendex, and De-Fi exchanges like SushiSwap and Uniswap.
Andrés M. | Satoshi Club: Also, could you share the tokenomics of the token? Market cap and max supply.
Alexander Kravets: Definitely!
100m hard cap max: Current circulating is around 8.7m.
Andrés M. | Satoshi Club: That’s what we called a crypto gem😁
Gold Rocket | Satoshi Club: Sounds good😊
Alexander Kravets: Also for TVL we’ve reached $1.5m worth of BYN locked, which is just a few weeks.
Andrés M. | Satoshi Club: Have you done burning token events?
Alexander Kravets: Not at this time, we’re focusing on product, not price pumps.
Gold Rocket | Satoshi Club: Wow! you know how to strike the imagination!
Andrés M. | Satoshi Club: Very good point!
Alexander Kravets: The organic flywheel of using BYN to trade and locking it, while having many other use cases for rewards is what will drive the ecosystem. The exchange itself is very usable and friendly. Will have liquidity, that’s the direction.
Gold Rocket | Satoshi Club: It is a solid foundation for success😁
Andrés M. | Satoshi Club: Don’t you think high ERC fees can make your plans difficult?
Alexander Kravets: Yes, hence the move to HECO as well as other chains that are more efficient. That’s coming soon!
Andrés M. | Satoshi Club: Excellent strategy👏
Alexander Kravets: Thank you😉
Andrés M. | Satoshi Club: Well, I think the topic is very clear, it is time to proceed with the last question of this first part of the AMA.
Q6 from Telegram user @yellowchamp:
I found out that in the 4th quarter or Phase 4 of your roadmap, you are going to launch a BeStarter Launchpad. So, can you give us an advance idea or information about your BeStarter Launchpad? What kind of projects are you welcoming to be launch in your launchpad? How would you choose or screen projects to be launch in BeStarter Launchpad to ensure the legitimacy of the project? Does $BYN holders will get a priority lane to be whitelisted in your launchpad? As you integrate launchpad in your platform, what can we expect as changes and development of Beyond Finance network in the 4th quarter of 2021? Thank you.
Alexander Kravets: So BELP (Beyond Launchpad) is indeed scheduled to launch at the end of 2021. Beyond will leverage strong connections in the industry and partnerships to facilitate valuable and quality deal flow. BYN holders will participate on a priority basis, of course. There will also likely be BYN requirements to gain access to the best and earliest stage deals. We will have more info on this soon, especially Belpy the Cat, our NFT! Don’t laugh, this is very serious.
BELP will be very, very interesting for Beyond – as it will allow listings on the DEX and bring many more participants to the Beyond ecosystem as a whole and BYN in particular.
Andrés M. | Satoshi Club: We will be waiting to know more about that event, don’t forget to share the updates with our community!
Alexander Kravets: Definitely!
Gold Rocket | Satoshi Club: Do you already have sketches of the NTF?🐱
Alexander Kravets: It kind of looks like a cat, but beyond.
Gold Rocket | Satoshi Club: Or is it a trade secret for now?
Alexander Kravets: It’s beyond secret!
Andrés M. | Satoshi Club: Haha we understand.
Gold Rocket | Satoshi Club: I love your answers, in them is so much humour and sarcasm😁
Alexander Kravets: Hahah I do have a dark sense of humour.
Gold Rocket | Satoshi Club: I can’t stop smiling😂
Andrés M. | Satoshi Club: @Alexander_Kravets, thank you so much for your time in this first part of the AMA, it was so interesting.
Alexander Kravets: Thanks for noticing 😛
Andrés M. | Satoshi Club: Now is time to open the doors to our community to post their questions😁, the live segment is coming.
Alexander Kravets: Let’s go!
Andrés M. | Satoshi Club: Dear @GoldRocket27, let’s do it🥳
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Rinkus987:
There are several attempts in the market that have tried to create synthetic products through similar mechanism as Beyond uses. Can you talk about the various flaws these platforms have? How can you say that Beyond is more superior than these platforms?
Alexander Kravets: Yes – Existing Synthetics platforms are not user friendly, have scalability issues, have limited liquidity. Huge TVL but minimal actual volume. Beyond is focusing on making a retail friendly platform for mass adoption – easy and friendly UI, all tools to stake, trade, and issue are built in. Layer 2 solution for scalability, network congestion, fix high transaction fees. Easier asset issuance, better price tracking.
Q2 from Telegram user @Akira236:
In less than a week, $1M BYN was staked. That’s a great milestone in so less time. Can you tell me about the upcoming products on Beyond platform?
Alexander Kravets: $1.5M! Thank you. Upcoming we have the 2.0 mainnet, launchpad, more assets, more order types, inverse/leveraged trading, better chains, integrations with huge retail platforms, and much more.
Q3 from Telegram user @alptrader:
What are the partnership details with you and Klaytn and the key benefits of partnering with them?
Alexander Kravets: By integrating Beyond’s synthetic asset trading protocol, Klaytn users will be able to access a wide variety of financial assets in a completely decentralized manner. Additionally, Beyond’s users will be able to create and access new markets by leveraging assets built on the Klaytn blockchain.
Klaytn is a public blockchain developed by Ground X, the blockchain affiliate of the South Korean company, Kakao. This leading internet company is well known for their messaging app, KakaoTalk, used by over 90% of South Korea’s population with over 50 million users. Klaytn’s recently announced partners include LG Electronics, Binance, Shinhan Bank and Injective Protocol.
Beyond plans to integrate onto Klaytn’s blockchain network, which greatly benefits the De-Fi ecosystem. Users of Beyond will enjoy fast transactions, low fees and large scalability of Klaytn.
Beyond’s synthetic asset trading platform will in turn be available to MILLIONS of users of the digital asset wallet based on Klaytn, Klip.
Q4 from Telegram user @Hadia142:
Do you have a global ambassador, program or referral rewards system or bonuses for newcomers to your community?
Alexander Kravets: Yes! So we have local communities all over the world and are launching a Beyond Ambassador program. These are our Telegram channels:
Do you recommend BEYOND as a platform for long-term focused trades (let’s say 3 months onwards)? Or do you just focus on efficient day trading?
Alexander Kravets: Both really. When you lock BYN to participate, you earn rewards, while your long term synthetic assets appreciate. For short term, you can lock in a quick PNL giving Beyond’s low cost, high liquidity, and accurate price feeds.
Q6 from Telegram user @shadnan32:
Can you explain the background of your team? How will you and your team carry out this project during this current pandemic (COV-19)?
Alexander Kravets: There’s over 20 people now, strong finance and dev backgrounds, distributed all over the world. COVID is not a factor, and we have a strong infrastructure.
Q7 from Telegram user @smelekin:
Do you plan to make support for OKEx chain for Beyond Finance token BYN?
Alexander Kravets: Possibly! We are closely reviewing integration with many efficient chains to facilitate ease of access, low cost, and high speed for Beyond users.
Q8 from Telegram user @Gemshunter22:
Is your project only for synthetic assets and elite investors? How can community be benefitted from Beyond Finance?
Alexander Kravets: Exactly not. While early backers were large crypto VCs and exchanges, the platform is specifically built for the retail users – to make synthetic trading easy, fun, approachable, and rewarding.
Q9 from Telegram user @ronaldo_super:
How can Beyond provide people democratic access to trading instruments and solve global banking problems?
Alexander Kravets: In line with the question preceding this one, anyone (regulation permitting of course) can access trading instruments directly without having to fund a brokerage account. This is a very big deal.
Q10 from Telegram user @Jonathantross:
When can we expect to see the mobile version ( Android & iOS ) of The Beyond platform?
Alexander Kravets: Very soon! Testing now, and it’s looking great📱🏆
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 Mindmusic Finance and our guests was @Gut3hot, and @DBSGSWE – representatives of Mindmusic Finance. The AMA took place on the 3rd of September.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Gold Rocket | Satoshi Club:
Hello again, dear Satoshi Club community! We are pleased to announce AMA with
Mind Music 🎼🎧
Today our guests are @Gut3hot @DBSGSWE.😊
Mark (Will Never DM You): Hi Everyone!
Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, @Gut3hot @DBSGSWE!
How are you doing😊
Mark (Will Never DM You): Great thanks, excited to share more details about Mind Music.
Gold Rocket | Satoshi Club: We are also very excited about the upcoming AMA.
Andrés M. | Satoshi Club: We are glad to have you here
Gold Rocket | Satoshi Club: Let’s start! Introduce yourself, please. How did you get to be involved in crypto & Mind Music? 🎼
🎧🎼Tell us please about your position in Mind Music ? 🎧🎼
Mark (Will Never DM You): Great question, let me just prepare a response to that…
Gold Rocket | Satoshi Club: Take your time.
Mark (Will Never DM You):
It’s been part of my lifetime career. I have been creating music and trying to
raise awareness for charities for quite a while, and the Mind Music project
existed before it was connected to crypto.
There’s a lot of good
information about me and the project on the website, but some key details I
would like to provide are that 13 songs for this project already exist, have
been recorded and produced, and I have tens of thousands of monthly listeners
across spotify, youtube and soundcloud for this project.
Gold Rocket | Satoshi Club:
What is the essence of Mind Music ? 🎧🎼
Andrés M. | Satoshi Club: Great background👏
Gold Rocket | Satoshi Club: You can say this is your life’s work😊
Mark (Will Never DM You): My specific position is as the founder of the Mind Music project, I create the music, book the recording studios, I am actually the singer in the songs you can currently listen to here: https://mindmusic.finance/videos.html
My more specific role in
the crypto world is as a marketer. I have developed and marketed multiple
projects across my life, as it is my specialty, and I have now brought my
skills into the world of crypto, and excel at bringing non-crypto people into
the world of crypt
Andrés M. | Satoshi Club: What is your favorite one?
Mark (Will Never DM You): In short, the essence is we are going to be the world’s first international record label powered by cryptocurrency.
In a more detailed
explanation:
At Mind Music. we want to
help people suffering with depression and other forms of Mental Illness. Using
the power of music to relate to sufferers, we want to show them that they are
not alone and inspire hope through understanding. We want to provide a musical
outlet, enabling people to begin their journey to a more stable mind.
Mind Music will
eventually become its own independent record label collaborating with artists
around the world. The recorded music industry is worth over $20 Billion every
year. We hope to capture just a small proportion of this market and make a
difference to millions of people suffering.
In the shorter term, we
will be releasing our first vinyl record, setting up a staking platform &
selling our own range of merchandise! The staking platform, Merchandise and our
first vinyl release will be completed by the end of 2021. 80% of the profits
from Merchandise and record sales will be donated to Mental Health Awareness
and Suicide prevention charities, while the remaining 20% of profits will be
used to Buy and Burn Mind Music Coin and increase its value for holders.
Gold Rocket | Satoshi Club: I like this music ❤️
DBSG: Personally, I want to say my favorite song is Mark’s cover of All along the watchtower.
Oh and just wanted to say
Hi! I am part of the Mind Music team as well, helping the founder Mark here
with anything and everything he needs on the side.
Mark (Will Never DM You): The first song that was created for the project is the one that means the most to me as its the track that began it all. During the early stages of the pandemic when i was struggling with my own mental health this track really helped me focus on something when my life was falling apart. That song is One More Light
Gold Rocket | Satoshi Club: Nice to e-meet you! Welcome to Satoshi Club ❤️
Andrés M. | Satoshi Club: Thanks for the suggestion, and hi! Is a pleasure to have you here😁
Gold Rocket | Satoshi Club: Also, we would like to know more about your team. Who is on the project team core?
Mark (Will Never DM You): Obviously, there is me, and i have told you a bit about me already…
Andrés M. | Satoshi Club: Music can change the life, great history
Mark (Will Never DM You): Then we have David, Debi & Mon.
They all play different roles.
Gold Rocket | Satoshi Club: Is this an anonymous team?
Mark (Will Never DM You): David, who helps work on the code, managing telegram, and anything else I ask him to do. Honestly he is a bit of a go-getter that gets anything I need done for me.
There is Debi, who along
with her trusted team of admins helps keep the community running, and makes
sure we get the information out that we want to get out, to keep everyone
updated.
And last there is also
Mon, who is our primary graphics and stickers guy. He joined the team later on
when he saw what it was all about and wanted to be a part of it all.
Thanks for great introduction, we will have several questions selected for Part 1. Ready to start?
Mark (Will Never DM You): Excited – Lets go!
Q1 from Telegram User @nadee5 Mind Music token is a new Binance Smart Chain (BSC) based project dedicated to bringing awareness around mental health issues. I found that mindmusic team is working on its staking platform where user can earn APY on $MND ..The interesting feature is user can also earn real world stuff like T-Shirts by staking $MND… Could you tell us more about Mindmusic staking platform ?when will user be able to stake $MND ?what are the benefits of being a Liquidity Provider within MindMusic ? Thank you
DBSG: Yes! So I am the one working on the actual staking code. We are still deciding on some exact numbers like the amount of time you can stake for, and what the exact APY will be.
This should be completed
within the next 6 weeks, and then be available to our community.
What we are sure about is
that we want to give real world rewards to those that stake. We are currently
setting up all the merchandise and such, which should be available in a week or
two. What we plan to do is give reward bags of actual merchandise to stakers,
this could range from the CD/vinyl, to shirts, beanies, etc etc, giving a
bigger goodie bag to those who stake longer.
Being a liquidity
provider is excellent in a coin that trades sideways or upwards. Providing
liquidity in different methods allows for a healthier and more stable coin, it
also gives you some guaranteed profits overtime.
Gold Rocket | Satoshi Club: Indeed. it makes a sense😊
Andrés M. | Satoshi Club: It sounds great, what are the main use-cases of MND tokens?
Mark (Will Never DM You): The main use case is to raise awareness for mental health through music, but there are some secondary use cases…
Gold Rocket | Satoshi Club:
It’s really great marketing.
Mark (Will Never DM You): Such as: -Live gigs internationally -Merchandise -albums and vinyls -bringing new people into crypto through the power of music -collaboration with musicians worldwide -and of course a chance for investors to make some money
More to be revealed.
Gold Rocket | Satoshi Club:
Thanks for your answers! Ready to proceed to the next question?
Mark (Will Never DM You): The recording studio for the completion of the first album has already been booked for October!
Surefire away.
Gold Rocket | Satoshi Club: 🎼 wow! Amazing news👏
Q2 from telegram user @SabriFR Mind Music will eventually become their own independent record label, releasing a series of albums to raise money and raise awareness about mental health, which is wonderful, but why did they decide to focus on mental health awareness? Is it intended to support and expand awareness of mental health only limited to doing for artists or people within the artistic medium or is it directed to all types of people in general? And how do you plan to invest 80% of the profits directed to this mission?
Mark (Will Never DM You): Great question, i need some time to prepare an answer for that…
Gold Rocket | Satoshi Club:
Np😊
Mark (Will Never DM You):
To be frank, I chose mental Health because working on this project literally
saved my own life. Without this project, I 100% know that I would not be here
anymore. The unbearable struggle I went through with my own mental health made
me realise that there will be many others struggling. I wanted to save others’
lives as I had saved my own.
You may not realise but
all the songs recorded so far were actually originally written by artists that
either committed suicide or died as a direct consequence of their own struggles
with mental health. That’s why they were chosen to help raise awareness…
DBSG: Probably the most important question that will be asked throughout this whole AMA, the WHY of it all.
I can hear Mark furiously
typing in the other room.
Mark (Will Never DM You):
We plan to invest the profits in a range of small charities dedicated to mental
health awareness and suicide prevention. These charities will be chosen with
the help of the community.
Andrés M. | Satoshi Club: Haha
Do you have talked with some organizations?
Mark (Will Never DM You): Yes! I have already been working with MIND which is a UK mental health charity.
Andrés M. | Satoshi Club: What other partnerships do you have?
Gold Rocket | Satoshi Club: It is a very noble business. especially the one who survived this and continues to do charity work.
Mark (Will Never DM You): through my experience, I have plenty of organizations and musicians that I can reach out to for partnerships, but we are taking a careful journey forward and do not intend to rush into partnerships with anyone. Any new partnerships will be officially announced when the time is right
Gold Rocket | Satoshi Club:
Thank you very much for making the world a better place😍
And many thanks for your answers.
Gold Rocket | Satoshi Club:
Ready to proceed to the next question?☺️
Mark (Will Never DM You): Yes.
Q3 from Telegram User @nhairym MindMusic has focused on the short term, concentrating on the launch of its first vinyl record, creating a participation platform and selling our own range of products, which are its strategies to obtain capital or financing as a starting point, consider that cryptography can help them throughout their evolutionary process; How will they handle donations, how they will be able to select the most vulnerable, many people like to collaborate with this type of causes but they doubt about the true destination of the funds collected, you can and you demonstrate their veracity and transparency and real benefit the most needy?
Mark (Will Never DM You):
We are using the music to raise awareness and cause people to reflect on the
issue at hand by thinking for a short moment about the reasons why the songs
exist and who wrote them.
How we will demonstrate
transparency? The community will help us decide where donation funds would go,
but lets not jump too far ahead of ourselves…
Money for donations will
be raised through the profits of the albums and the live gigs and there wont be
any donations until there are profits, there wont be profits till we finish the
music and get the first release out.
Once we get to the stage
where we have products on the market, the donations will all be done through
livestreams and proved transparency, but for now our goal is brand awareness
and most importantly mental health awareness
Andrés M. | Satoshi Club: Thanks for the answer, we are happy to know that you care a lot about that topic
DBSG: Music is an incredibly powerful tool in this world to bring awareness to different topics
Gold Rocket | Satoshi Club: Why vinyl? it’s a bit old-fashioned in the days of YouTube.
Mark (Will Never DM You): Actually Vinyl is making a HUGE comeback.
Mark (Will Never DM You): People are going back to the high sound quality of vinyl and actually owning music.
DBSG: Additionally, the songs are on youtube, Soundcloud, Spotify, and will be on CDs as well.
Gold Rocket | Satoshi Club: To be honest, I love vinyl records myself. and I keep a turntable that my parents bought after the wedding😁❤️
Andrés M. | Satoshi Club:
Btw, have you done audits processes? That is another way to demonstrate
transparency and security.
Gold Rocket | Satoshi Club: Absolutely agree 👍
DBSG: An audit has been completed with techrate, and you can get that link here:
We are so excited to have
had this completed just a day or two ago, as it was one of the steps on our
roadmap, along with this AMA with you guys, that have both come to fruition.
As you can see if you do
scroll through the audit, everything is nicely in the green, nicely passed and
completed.
Gold Rocket | Satoshi Club:
Thanks for sharing👏
Gold Rocket | Satoshi Club:
by the way, once a conversation has come in, share your roadmap with us😊
please
This is whats happening over the next few months, just so you can see more clearly.
Andrés M. | Satoshi Club: A lot of amazing events, how many followers should we have to be part of the influencer campaign?
Mark (Will Never DM You): It’s not about the number of followers it’s about the influence over the markets we are targeting and the level of engagement.
Gold Rocket | Satoshi Club:
Thanks for your great answers😊 let’s proceed to the next question
Mark (Will Never DM You): Sure.
Q4 from Telegram User @Asela1112 I listened the ONE MORE LIGHT song which is covered by Mark Hamilton & It is released by Linkin Park at the year of 2017. Really, it’s a cool one. These songs have Copy Right legislations. Did you get the permission & legal rights to upload this song within Mind Music website from Linkin Park? What kind of Music versions will you bring to the Mind Music ecosystem, Will it be Cover versions or Original ones? On this Musical revolution journey, Will Mind Music announce some amazing Collaboration with World best Music Artists like Ed Sheeran, Taylor Swift etc..? And also you have already recorded some tracks & they have been released on YouTube, soundcloud and Spotify. Can you give more details about this Track release? Will you use more platforms to Spread Mind Music works in future?
Gold Rocket | Satoshi Club:
Mark, the stage is yours😁
Перевод: en-ru
Отметьте, что сцена ваша
The participants did not know that you were coming btw😊
DBSG: You ask so many great questions summed up within a single question 🤣
This is and has been
Marks livelihood a lot of his life, its not just making songs, its the business
side of things as well, having a license to be allowed to do what he does, etc
etc, so he wants to make sure to answer this fully and properly. So just one
moment till we see his reply lol
Gold Rocket | Satoshi Club:
Of course 💗
Mark (Will Never DM You): The song is fully licenced with permission to be released from the copyright holders. We hold a full licence for each of the songs released. When the record label becomes established we will of course be releasing original songs from a variety of artists. We are also in talks with well known artists about collaborations. At this stage (due to legal reasons) I am unable to provide any further details but announcements will be made as soon as possible.
we are going to be recording a further 12-13 tracks in October for the first physical release that will be released in time for Christmas.
Andrés M. | Satoshi Club:
Thank you so much for the clear answer, would you like to add something before
the next question?
Mark (Will Never DM You): No that’s fine, please continue.
Q5 from Telegram User @yellowchamp In the shorter term, Mind Music will be releasing it’s first vinyl record, setting up a staking platform & selling your own range of merchandise and you plan to complete it by the end of 2021.In connection with this,can you tell us more about the vinyl record that you are going to release? Why do you choose to record with vinyl,does it is not seems to be an old style in recording music? On the other hand,can you give us an overview of your staking platform? How much would be the maximum APR/APY of your staking? Many staking platforms exist in the market,so what makes Mind Music staking better and good for a passive investment? Lastly,what kind of merchandise we can expect in your merchandise store and what will be the medium of payment? Thank you
DBSG: Whoops seems I hit a blacklisted word, my apologies, can you pull up that message from deleted messages? lol.
Gold Rocket | Satoshi Club: DBSG: So yeah, vinyl is making a comeback these days, and we already touched a bit on that earlier, so I would like to reiterate that it is also on youtube, spotify, soundcloud, and will be on CD.
So as we stated earlier
we havent decided on the exact numbers yet for the APY. We are looking in the
range of around 6-12%, but we will not make a deciding factor on something
important like that until all the numbers have been crunched and the code is done.
We do not like to announce things until we know we can do it.
This code will be custom
written and created just for MND and for our website. We have looked into other
staking platforms and code, but we dont want to give up percentages of peoples
tokens to go to other people just because they wrote some staking code. If they
can do it, we can do it as well, and in fact we are pretty close to being done
with our own code.
What makes MND good for
passive income is the future real world revenue that can help drive the MND
chart.
ADDITIONALLY, we stealth
launched a second linked token called Baby Mind, that is a reward token, that
does give MND rewards to holders. This is one example beyond the real world
revenue examples we provided that also helps drive MND price and investment
performance for holders.
Merchandise will range from anything you can kind of image, mugs, keychains, beanies, t-shirts, you can see LOTS OF EXAMPLES of this on the merchandise page: https://mindmusic.finance/merchandise.html
Merch should be on sale
next week, you can pay with credit card, pay pal or crypto!
The bot did not like some word. sorry 😁
DBSG: Phew, nice thank you, didn’t want to have to write all that again 🤣
Andrés M. | Satoshi Club: Excellent answer, so detailed and clear, thank you so much
Gold Rocket | Satoshi Club:
Well this is a fairly fair system and a great answer.👏
DBSG: Plenty of merch examples on here already!
Gold Rocket | Satoshi Club:
I want that beanie and Hendrix’s guitar 😁
Andrés M. | Satoshi Club: So fancy designs.
Andrés M. | Satoshi Club:
Well, is time to proceed with the last question of this part of the AMA🥳
Mark (Will Never DM You): Shoot!
Gold Rocket | Satoshi Club:
The right merchandise is a very important point in marketing.👍
Q6 from Telegram User @Ajpaa Mind music charge a 2% buyback tax on every transaction. This tax is stored into a separate trackable wallet. Every time the buyback wallet hits a balance of 10 BNB, the 10 BNB is then used to buy Mind Music coin to increase its value for holders. Recently you announced that this buyback mechanism is changed with immediate effect. Was this disition subjected to community vote? What is the reason for this change? What is the new buyback mechanism? How did the community members accept the change?
Mark (Will Never DM You): I think to answer this question, I will forward the message that I gave to our community at the time…
Mark (Will Never DM You): UPDATE TO BUYBACK MECHANISM 📈 I have decided to modify the way that the buy back wallet works from this point on. Currently, the buyback triggers one large 10BNB buy when the wallet reaches a 10BNB balance. This mechanic means that people wanting to sell tend to wait until the buyback happens before they do it. As we have seen, this causes a dump that can potentially start a chain reaction of selling. I want to switch our buy back to a protective system that waits for sellers to sell…
From this moment forward
when our buy back wallet hits a 10 BNB balance it will sit & wait for
anyone selling large amounts and then be used to recover the chart. The funds
in the buyback wallet will be used as best as they possibly can be to destroy
irresponsible sellers the moment they sell. There will now be no specified time
for it to trigger, it will be at a minimum of 10BNB and at my discretion. I am
modifying this to protect everyone’s investment and I hope everyone
understands. Thank you for reading 🚀🔥
Everyone was really supportive of the change
Gold Rocket | Satoshi Club: Caring for the community and listening to it is the cornerstone of any project👏
Gold Rocket | Satoshi Club:
Thanks for your answers!
Mark (Will Never DM You): 100% agree
Part 2 — live questions from the Telegram community
Q1 from Telegram user@johnson4088 Why you decided to run your project in the BSC ? Will you support other blockchains too and expand more?
DBSG: We decided on the BSC network because that is what we are most used to.
We plan to expand of course and might have some exciting information soon on that front. You will have to follow our telegram to see more information about that.
Q2 from Telegram user @johnson4088 Where can I buy your tokens now? What are your current contracts, and how can I buy them and what are the benefits???
Mark (Will Never DM You): You can find all the information about how to purchase on our website – https://mindmusic.finance/how-to-buy.html. The benefits of investing are long-term and stable growth coupled with helping raise awareness for mental health. By being an investor you are actually part of the world’s first international record label powered by crypto.
Q3 from Telegram user @DK177 Your token utilities are clear. However, BABY MIND is your reward token. What are the utilities of this reward token? Can’t I receive rewards with the same token, $MND?
DBSG: Yes! Baby Mind is a way to adapt and expand on the current trend of reward tokens, as well as have some slight memes involved with a very serious project. You can hold MND and get 1% MND rewards off transactions based off how much you are holding, but BMND gives a lot more MND in rewards, and can be shilled and shared in different ways than a serious project can, while our actual MND token can be shared in different ways than a meme project can.
This allows us to cover all the basics, and spread ourselves everywhere we can.
One neat thing is that sure, BMND has taxes of course as a reward coin, but the MND you earn and get from the reward distributor is tax free sent to you….
Q4 from Telegram user @BJosefina61 Roadmap talks about world tours, can you detail more about this?
Mark (Will Never DM You): We are unable to provide more details about this at this stage for obvious reasons. When it becomes more clear how live music events will operate post-pandemic we will be able to release more information about it. Unfortunately, this is something currently out of our hands, but it is certain to live music will continue long into the future.
Q5 from Telegram user @nitrogenpower Why did you name the project Mindmusic why mind?
DBSG: Because at the time, before it was even connected to crypto, Mark was working with a charity in the UK called MIND. It just made sense to keep the same project name as we moved into crypto and call this project Mind Music. It also connects heavily with our intention to raise awareness for mental health.
Q6 from Telegram user @centoscu Do you have any partnerships with artists and music makers?
Mark (Will Never DM You): We are working very hard behind the scenes on partnerships with major artists but we are currently unable to reveal any details due to legal reasons. Rest assured big collaborations with major artists are very much on our hit list and something we are confident we will achieve.
Q7 from Telegram user @Akira236 You said that 80% of the record sale will be donated to mental health charities, How does platform make money?
DBSG: 80% of record sale “profits” will be donated. We have to ensure that the merch and sale businesses are self-sustainable. So of course they need to make enough money to cover themselves.
Once they cover themselves, the rest of the money other than charity goes into the actual coin to increase value for the holders.
The PLATFORM is a non-profit organization. We make money by holding the coin and getting marketing money. Holders make money by money being pumped into the coin.
That 80% of profits once we pay everything we need to pay to run those parts of the business will go into charities to help raise awareness for mental health.
Q8 from Telegram user @Mercury654 As I am new to the Crypto world and I want to purchase Mind Music coin ? Is there any video tutorial that guides me to purchase the coin?
Q9 from Telegram user @smelekin How can you bring more people in crypto who don’t know anything about crypto with using the power of the music?
Mark (Will Never DM You): It’s our intention to make everyone that purchases merchandise or buys a ticket a small holder of Mind Music coin. The idea is to charge them a small surcharge on top of the purchase which is then given back to them on their own unique wallet. Details of how this will work are still being worked on..
Q10 from Telegram user @Tehokjambe I saw on your website that “We charge a 2% repurchase tax on every transaction. This tax is deposited into a separate, traceable wallet.” And my question, apart from having taxes for every transaction, does MINDMUSIC have any restrictions on transactions?
DBSG: Great, you bring that up! Yes, that tax is for the buyback wallet, where we can manually control and eat dips. It works pretty well if you have checked the chart.
Other than taxes, no we do not have any restrictions on transactions at all. You can buy and sell as you wish.
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 Art Wallet and our guests were @idietz – representative of Art Wallet. The AMA took place on 3rd of September.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Luis Merino 🇪🇸 |
Satoshi Club:
Hello everyone and welcome to another AMA session in Satoshi Club. Our guest
today is @idietz, from ArtWallet 😊
J Dietz: Wooo Hooo!
Luis Merino 🇪🇸 |
Satoshi Club:
Welcome here, nice to meet you 😊👍
Paul Mont | Satoshi Club:
Hello @idietz , it’s a great pleasure for us to have you here at Satoshi Club:
)
J Dietz: Yes of course, great to be here.
Was just writing about Satoshi.
I even made a comic book about satoshi once.
Paul Mont | Satoshi Club:
Haha great, I’d love to see that 😁
On the other hand, we’re super excited to know anything about Art Wallet 😉
Luis Merino 🇪🇸 |
Satoshi Club:
We are all Satoshi lovers in here
Probably will be a major collector’s item someday.
I didn’t write it I just helped publish it.
Paul Mont | Satoshi Club: Okay… mate, this is freaking cool 🙌🙌
J Dietz: Anyways you can see I’ve been involved with crypto art since the early days.
This was actually at the first satoshi roundtable if you can believe that.
These days i only go to the secret satoshi roundtable lol.
Luis Merino 🇪🇸 | Satoshi Club: Lucky you 😄
J Dietz: Well…
It didn’t always make me money sadly.
But hey now we have NFTs so let’s go.
Paul Mont | Satoshi Club: 7 years ago, that puts it back to 2013. I sure believe it 🔥
J Dietz: Anyways glad we all like Satoshi here.
Happy to answer any questions you all have.
Luis Merino 🇪🇸 | Satoshi Club: 😄👍
Paul Mont | Satoshi Club:
Thank you J, this piece of history you’ve shared already contributed to make my
day 😁
J Dietz: Haha amazing happy to hear that.
Paul Mont | Satoshi Club:
Now, the protocol demands that you introduce yourself a bit 😉 So,
please tell us more about yourself!
Your past experiences/background and also how did Art Wallet come to life.
J Dietz: Sure so been doing a bunch of cool art stuff for a long time.
Luis Merino 🇪🇸 | Satoshi Club: All my teammates are very fast at typing…
J Dietz: Wrote some books of poems, some AI art, some videos, etc
Oh yeah, i love competitive typing btw.
Luis Merino 🇪🇸 | Satoshi Club: They are always first 😭😄
J Dietz: Including producing a film, etc etc
So anyways I know a decent amount about the life of an artist.
Paul Mont | Satoshi Club: Haha, mate😁
J Dietz: And then when I got involved in crypto early on I was really interested in the parts that would bring it to a wider audience.
Luis Merino 🇪🇸 | Satoshi Club: You are an artist too only by knowing your background… 😊👏
J Dietz: As typical crypto enthusiasts.
Trying to spread the love and all that.
Teach people about DAOs.
These were very very early days of ethereum.
So after i did the crowdfunding thing for a bit.
I basically started the project that became Metamask.
I guess technically you could say I started metamask, back at Devcon 0.
Because I was thinking everyone would want to use a web browser.
Instead of download a separate piece of software.
Boom Ethereum Foundation funded it and we had a cool project.
Paul Mont | Satoshi Club: Gosh… that puts you in the Olympus of the crypto pioneers and founders 🔥
J Dietz: But then Consensys came long and cut me out of the project.
Probably because their founders are bankers and don’t really care about artists very much lol.
So I didn’t get all the ether I deserve so I need some new project to make us all rich.
Long story short lol.
Luis Merino 🇪🇸 | Satoshi Club: 😳😳😳😳😳
J Dietz: But anyways i’m a coder too been coding since I was super young.
And I always love to see synergies between different worlds.
Luis Merino 🇪🇸 |
Satoshi Club:
Is there anything you can’t do?
😅😅
J Dietz: Yeah i am wroking relaly hard to put my leg behind my head and failing.
Soon though.
And I’m quite clumsy and sometimes drop things.
Usually because i have some crazy metaverse related idea in my head.
But anyways yeah back to art wallet the more extended version is that I always have lots of ideas about things that culd exist.
And when the Defi space started exploding I was like how come there is no real pro Defi wallet.
And so I started writing out all the features I would like to see in a wallet.
And it got pretty long and involved, esp. when I started adding in NFT related features.
And then I met some cool folks from the Hacken Foundation and we started talking about building it.
And then a couple months later we have a bunch of amazing partnerships and we are off to the races.
With a great vision to deliver the ultimate metaverse wallet.
My own life objective is to live in the metaverse.
So I want it actually to become the cinematic experience reclining massage chair of wallets.
Where you can create universes with your hands.
Paul Mont | Satoshi Club: Haha great metaphor, it sure does convey the message 🤩
J Dietz: My guess is we are at least two months away from that though.
Also, I guess I’m a bit old school in this way but I actually like to own stuff.
Paul Mont | Satoshi Club: Creating things take time, creating and refining great things takes even more time I guess 😉
J Dietz: Yeah will be a very small chair in two months.
Luis Merino 🇪🇸 | Satoshi Club: Indeed. Wise words mate.
J Dietz: I’ve been doing this for a decade i don’t mind spending a decade on this project.
Paul Mont | Satoshi Club: If you had to give a concise description of Art Wallet to our Satoshi Clubbers, how would you do it?
J Dietz: Basically all you need to do is imagine an incredible opportunity to get rich mixed with virtual reality mixed with the first contact, backed by NFTs.
Not sure if that qualifies as concise.
How about.
The ultimate metaverse wallet.
Built by artists for the world.
Luis Merino 🇪🇸 | Satoshi Club: Better 😄👏
Paul Mont | Satoshi Club:
Haha, I guess I’m trying to fit big in a small description – but that’s only
for the sake of the community so that we get ready for the upcoming questions 😉
J Dietz: For sure I love questions.
Paul Mont | Satoshi Club:
And if you’re ready, we’re ready to shoot them at you 🙂
J Dietz: Why not, let’s go.
Paul Mont | Satoshi Club:
Let’s get going then 🚀
Q1 from Telegram User @Cheriemike
You rescheduled your IDO due to the market condition that was less favorable, but you recently announced that your IDO will take place in early September 2021. We are already in the month of September, Can you tell us the specific date of your IDO?On which decentralized exchange will it be hosted? What will be the total supply of your $1ART token during the IDO and with what starting price per token? Will there be any whitelist? Thanks!
J Dietz: I am asking our marketing team what I am allowed to announce at this moment.
I think our IDO partner wanted to make the announcement themselves.
Paul Mont | Satoshi Club:
Yes, but please don’t be shy to share some exclusive news with our community 😁
J Dietz: Haha, see what I can do.
Luis Merino 🇪🇸 | Satoshi Club: 😅🤐
J Dietz:
No specific date right now (late September –
early October)
Uniswap, pancakswap + 1 more
Link to tokenomics (100mln 1art tokens)
0.1usd starting price
I think the +1 is what we can’t announce just yet.
Sorry, will try to get you some other exclusive news though.
Luis Merino 🇪🇸 | Satoshi Club: Uuhhh… And when is the official announcement arriving? 😄
Paul Mont | Satoshi Club: Haha this is great thank you 😁
J Dietz: Soon.
Very soon I guess I should say.
Luis Merino 🇪🇸 | Satoshi Club: 😄😄
Paul Mont | Satoshi Club: Also, @Cheriemike was wondering whether there will be a whitelist?
Luis Merino 🇪🇸 | Satoshi Club: Please share it with us as soon it is live.
Paul Mont | Satoshi Club: 🙌🙌🙌
J Dietz: It will be available soon on artwallet.co
Paul Mont | Satoshi Club:
Perfect! All the question points were satisfied, thank you @idietz 😉
J Dietz: Yeah a lot of exclusive news coming soon on our partnerships.
Paul Mont | Satoshi Club:
Would you like to add something else or shall we hop onto the next question?
J Dietz: I think we can move on.
Luis Merino 🇪🇸 |
Satoshi Club:
Let’s go!
Q2 from Telegram User @Jonahapagu
ArtWallet is said to be building a Smart&Secure NFT App for Artists, and to become the 21st-century version of iTunes and Spotify via NFTs…so How does ArtWallet compare with these two centralized Music platforms mentioned, do you see this two platforms as a competitor to Art Wallet. Becoming the 21st-century version of iTunes and Spotify Via NFT’s is not a small task, so how do you intend to make this possible looking at the already numerous Musc platforms available today.
J Dietz: Yes, great question.
And to be honest it is an evolving process that we will figure out with some of our launch artists.
Itunes was first and really innovated the ease of use when it came to buying and streaming content.
From your devices.
Very powerful for artists and make a good synergy between platforms and artists.
Including really great hardware /device level integrations.
So I think that’s our goal too on all of those points.
To really empower artist by allowing them to earn more.
And to empower fans by allowing them to engage more and have exclusive content.
Spotify I would emphasize a bit less because but there are some elements from that model which we intend ot use.
This basically comes to the whole NFT world of being able to sell off limited editions of your work.
So if I’m a musical artist and I want to sell 1000 albums at an auction.
Then my top fans can own these albums.
Or speculators or whatever.
But then I also may want other people to be able to listen to that content.
And that’s where a token based model can be very powerful.
Because you can stream the content to your fans which is payable via 1art tokens.
Specifically, the owners of the albums can rent them out via 1ART.
And the same principle exists not just for sound, but also for digital art pieces and hanging them in galleries or other physical spaces.
Basically, it creates a whole secondary rental market for any content item locked to the original NFT.
But the core product is still relatively simple.
Buy an NFT.
Have some exclusive content delivered to you in an app.
And make that as simple to use as possible.
TBH I don’t want it to feel like an NFT wallet.
Paul Mont | Satoshi Club: So, that means in one of the use cases, hypothetically speaking (and checking if I’m right), that I might be for example the exclusive owner of a limited copy album from my favorite music artist and then share/rent/sell the content out?
On the end-user side I mean
J Dietz: Exactly.
Which basically can be a huge win win for fans and artists.
Imagine an up and coming artist.
You buy her albums early on.
Then you promote because of course you will since you are a huge fan.
Luis Merino 🇪🇸 | Satoshi Club: Please explain that win-win from both sides 😊🙏🏻
J Dietz: But now if she becomes super big you can also get money whenever people listen to or license her hit songs
Okay just imagine it from the standpoint of a single song
You have a friend that just released her first techno rap album
You convince her to sell it as an NFT that can be accessed only in art wallet
There are a 100 copies available for $20 each
Her friends and fans buy them
So far just like an ordinary album, nothing super different
Excpet you are playing the album through the app
But then, wait a bit and then more people want to listen to the song, well they can’t just buy the album for $20 anymore.
Because it was a limited edition.
So they have to listen to it through the app.
This means either your album(s) can go up in price.
Or they have to pay a rental fee to the owners of the album.
And some of that will always go back to the original artist too.
Luis Merino 🇪🇸 |
Satoshi Club:
Got it! Everything clear now 😄👍
J Dietz: Same thing goes for only fans btw.
Other models.
Paul Mont | Satoshi Club:
That’s definitely empowering, a true win-win on every side 😉
Luis Merino 🇪🇸 | Satoshi Club: Yeeah 😄👏
J Dietz:
Luis Merino 🇪🇸 | Satoshi Club: The idea rocks
Paul Mont | Satoshi Club:
Loved the answer and the crystal clear explanation – also clear infographics,
thank you @idietz!
J Dietz:
Yeah now that i think about it would be nice to have a nice infographic illustrating that process.
Paul Mont | Satoshi Club: But Art Wallet won’t be just based on Music 😉 So the next question probes deeper on its utility and features.
Q3 from Telegram User @Jmagsss
I saw in front of your website one feature of ArtWallet is Smart & Secure Storage for Digital Art, Real Estate, Collectible, and other areas of NFTs. I was intrigued by the fact that ArtWallet could be used for storing minted real estate assets. We all know that real estate investments are much more complicated compared to other assets for it requires several paperwork and authentications. Does ArtWallet cater verification mechanism for this kind of asset? Do you support the authentication and copyrights features in your app, not only for real estate but also for other areas of NFTs?
J Dietz: Oh wow, that’s a great question.
One I’ve been thinking about for years TBH
Partially because it has all kinds of complicated cross-jurisdictional issues.
Paul Mont | Satoshi Club: That’s cos we have some great community members here at Satoshi Club 😁
J Dietz: Haha, the best!
I will have to hang out here more often.
What I can say is basically we are starting the process to setup joint ventures with some key partners that can handle some of those more sticky legal issues so that we can handle some of the high value more complex transactions.
I’ve been working on this literally 5 years or more and a lot of these processes take a looooooong time to solve.
And i don’t want to put anything part of our core product that has an indefinite time frame.
Also, each asset class has a bit of its own legal issues when it comes to tax, rights management, and other paperwork.
So we want to stick to things we can get out the door quickly for the moment and then move into the others when we are ready.
Paul Mont | Satoshi Club: That’s clearly understandable. Especially in a field like Real Estate where laws are clearly more complex (probably a jungle, considering the various country jurisdictions).
J Dietz: But I believe in our team that they can deliver the hardware and secure storage necessary to deal with very high-value financial assets.
Yeah i mean i can share a fractional share of a car in China with one in Dubai.
Atomic car swap.
Except i can’t really because wow the amount of paper both of us would need to sign.
But in virtual worlds, this is easier let’s do that first.
Luis Merino 🇪🇸 | Satoshi Club: Btw, how big is your team? Who is on the team core?
Do you work remotely?
J Dietz: Most of our team is in Ukraine but we are setting up a physical art display space in Dubai as well.
We are about 25 all together between devs and marketing but hiring pretty rapidly so I expect that number to increase substantially.
Core team is me Stan Nazar.
Stan is the CTO and he is managing most of the ongoing operations.
And Nazar is the guy I mentioned who kickstarted the whole thing by saying “let’s build it”.
He leads marketing and is an old friend of Stan.
Luis Merino 🇪🇸 | Satoshi Club: Not a small one 😁
Paul Mont | Satoshi Club:
Another praise for being public. I always say it’s not a thing to take for
granted in the crypto space, but in the case of ArtWallet it is also a plus,
given the pedigree of the professionals involved 😉
J Dietz:
Its always a risk you know because something could go terribly wrong.
I’ve been threatened so many times by so many hooligans around the crypto space its a bit crazy.
All kinds of threats or stupid fake troll accounts,etc.
But after a while you just kind of get used to it.
Paul Mont | Satoshi Club: It is, hopefully, you and your team you will receive more praises than awful stuff by doing the amazing stuff you’re trying to bring to the world 🙏
J Dietz: I love the metaverse what can I say.
And you can’t get there without building the highway to the heart of the sun.
Luis Merino 🇪🇸 | Satoshi Club: 👏👏👏👏
Such a big and great team to trust in
Paul Mont | Satoshi Club: The next question is waiting for your answer @idietz 😉
Luis Merino 🇪🇸 |
Satoshi Club:
So @idietz are you ready to jump into the next question? 😉
J Dietz: But of course.
Luis Merino 🇪🇸 | Satoshi Club: 😂😂
J Dietz: Does it involve pizza?
Luis Merino 🇪🇸 | Satoshi Club: We can order a pizza if you want
J Dietz: Yeah, keto pizza, please.
Paul Mont | Satoshi Club: Not yet haha 😂🤣
J Dietz: If you ever try to hack me include the world pizza, all my passwords include the word pizza since it always seems to be on my mind.
j/k please don’t hack me please.
Luis Merino 🇪🇸 | Satoshi Club: 😳😳😳😳😳
Paul Mont | Satoshi Club: Hahaha
Luis Merino 🇪🇸 | Satoshi Club: 😅
Paul Mont | Satoshi Club:
It’s often in my mind as well 🤣😂
But I’m sorry to disappoint you, the next question is about the Rental feature – of which you’ve already given us a small preview 😉
Q4 from Telegram User @nadee5
ArtWallet, is an innovative new protocol that enables users to buy, store, and own exclusive NFT content from around the world. An interesting feature I found in ArtWallet is, It supports NFT CONTENT RENTAL, introducing a new primitive in the market and giving users the convenience of only paying for the time they use the material itself. We are interested to know more details about NFT content rental? How does this work? How does this facilitate the borrower and the owner? what are the requirements to rent an NFT ? Can users lend multiple NFTs? How will it manage, If there is any Fraud case such as the NFT is not returned and the duration has passed?
J Dietz: Ok
Well it doesn’t work yet.
Just to be clear.
Luis Merino 🇪🇸 | Satoshi Club: You are so hungry… You have eaten the fourth question 😂
J Dietz: I think earliest we are looking at doing this is q1.
Paul Mont | Satoshi Club: Ouppps sorry 😅 That will be next, thanks mate 😁
J Dietz: I have a simple model in my mind.
Luis Merino 🇪🇸 | Satoshi Club: Haha, no prob 😉
J Dietz: Basically, you buy the NFT, you say you are willing to rent it.
Then the app determines a market equilibrium rate for the rental streaming for that content item.
Based on demand and the market price of the item.
I don’t have this formula yet but am working on it and would welcome help from some economists because I think there is some nice math here.
And basically, the consumer can decide to pay or not.
But it is payable only in 1ART tokens.
So they would have to apple pay buy some 1art in order to listen to the item.
Kind of similar to how amazon prime does things.
Might be easiest to imagine with a video since that’s what people are used to renting the most these days.
I pay $2 to watch videos pretty often, usually is one click.
If i’m the person watching i just need to decide iw ant to watch or listen to the item.
Paul Mont | Satoshi Club: So we get the $1ART token will be the flagship token of the platform. Which other utilities will it serve? And if you have a full, detailed tokenomics paper, this is a great moment to share it 😉
Paul Mont | Satoshi Club: Yes, you did, but I thought that given the question it would be convenient to re-include it 😉
J Dietz: At its core, the 1art is a membership voucher that gives you use of the wallet and other functions of our network.
Luis Merino 🇪🇸 | Satoshi Club: Yeah, but not a bad reminder.
J Dietz: Șol I’m not criticizing you.
Just asking for pizza.
We expect to give some cool early access deals to 1art too.
Luis Merino 🇪🇸 | Satoshi Club: Haha don’t worry.
J Dietz: For new types of metaverse art.
Luis Merino 🇪🇸 | Satoshi Club: Pepperonni?
Paul Mont | Satoshi Club:
Hahaha you’re kinda making me hungry by reminding me about pizza 🤣
J Dietz: Yeah.
Pepperonni for sure.
Luis Merino 🇪🇸 | Satoshi Club: 😉
J Dietz: One of the things I expect to emerge inside artwallet.
And the metaverse overall.
Is marketplaces for asset types that didn’t have marketplaces before.
Like the long tail of assets.
So scents, tastes, beats, etc.
Like imagine a global marketplace for micro scenes.
Where you can evaluate all the cool new smells.
I know a few scent designers.
Don’t know if he made any pizza ones but he defiintely made a popcorn one that is used in many movie cinemas.
Makes you want to eat popcorn while you are tehre.
We are just tip toing into what is possible with the metaverse is what I’m saying.
Paul Mont | Satoshi Club:
Amazing 🔥
J Dietz: So anyways i will sell or maybe even *gift you a future on a pizza scent.
And you can be in the genesis block of our scent futures market.
Paul Mont | Satoshi Club:
This is definitely one to see, but after smelling the pizza scent a real pizza
is needed at hand 🤣
Luis Merino 🇪🇸 | Satoshi Club: 😊😊😊😊
Paul Mont | Satoshi Club:
Thanks a lot for the answer @idietz!
Paul Mont | Satoshi Club:
Ready for the next question?
J Dietz: We can have an opening party for the ultimate metaverse pizza shop on the edge of the known universe.
Luis Merino 🇪🇸 |
Satoshi Club:
Remember, Q4 now @PaoloMonte87 😉
Paul Mont | Satoshi Club:
Here it is 🙂
Luis Merino 🇪🇸 | Satoshi Club: Sounds incredible… 😉😂
Q5 from Telegram User @Emnking
In an NFT marketplace, users can store, display, trade and mint NFTs. I noticed that ArtWallet has more features to the standard NFT marketplace, where ArtWallet can act as a gateway to unify all marketplaces. And the simple utility of ArtWallet wherewith the ART token(1ART), Users can drop contents to any NFT marketplace. How will ArtWallet provide privacy for users who don’t want their contents to be displayed everywhere? And also, how can NFT artists earn from ArtWallet?
J Dietz:
okay here’s an exclusive
But you have to promise not to repeat it okay?
Paul Mont | Satoshi Club:
Haha, fingers crossed 🤞
J Dietz: So anyways I’ve been saying that we aren’t making a marketplace.
And we aren’t going to compete with existing marketplaces.
But its only partially true and its mainly because i find the other .marketplaces pretty boring
Luis Merino 🇪🇸 | Satoshi Club: We promise…
J Dietz: They are all flat screens with 3d squares.
And you look at them for 10 seconds and think i must have something better to do.
Then buy a little square.
Well that’s me anyways.
I did buy a bunch of squres but mainly ones that had some generative elemrtn or embedded music or something.
So tin that sense basically we are definitely building towards the ultimate solution for the metaverse.
But we are starting the opposite direction as most marketplaces.
We are doing the storage and high utilty for the artsits first.
Worry about the marketplace dynamics last, which is in some ways the easy stuff IMO.
“How will ArtWallet provide privacy for users who don’t want their contents to be displayed everywhere?”
I think basiclaly you have that ability natively through the webap that you can set the restrictions for an individual art piece.
Who gets to see it.
Its not public by default for the whole world to consume.
We are like an NFT layer 2 solution almost you might say.
“And also, how can NFT artists earn from ArtWallet?”
Basically same way as any other platform with the added benfit of excluaisve content.
Back to something like only fans, people pay obviously to see photos that you can’t put on instagram.
If you are smart and you have a miljlion fans on instagram that want to see more content.
You dont’ give it to them for free.
Paul Mont | Satoshi Club:
Exhaustive answer, thank you very much @idietz 😉
We’re heading now towards the last question for this very first part of the AMA, before getting into the LIVE part of the session 🙂
Q6 from Telegram User @DK177
I noticed that there are many opportunities to buy $1ART before the public sale. However, the private rounds seem to be limited for influencers, strategic partners and long-term investors. Therefore, I am interested to know more details on the HAI Round. Do you open this round soon after the private rounds? What is the eligible criteria to buy tokens from this round? Can we buy $1ART from the HAI Round for a cheaper price than the public sale token value? Do we have to apply in advance to participate in this round? If yes, what is the application procedure?
Luis Merino 🇪🇸 | Satoshi Club: As all of them 😂
Paul Mont | Satoshi Club: Right on 🔥
J Dietz:
I am talking to our token team to get the question about the HAI round answered
Because they said they didn’t understand why people would want to use smart contracts.
And I didn’t know any VCs really because I was just an artist who was working on ethereum.
And not that many VCs came to our ethereum meetup in 2014.
So basically I failed to get it any funding.
And then Consensys offered the devs some money and make it their project.
In some ways all good I’m glad it is successful.
But they really should credit me sometime for starting the whole thing since otherwise I think it is quite rude.
Q2 from Telegram user @leixagarcia You talk about new partnerships and cooperation agreements as key plans for the future, could you tell us about your current partnerships? What does Art Wallet look for in a partner? What projects or organizations do you already have a relationship with?
J Dietz: Yeah tons of folks we’ve been talking to.
We are hiring someone this week can give you the job descpriton.
Meta Business Developer .
Role for a Metaverse business developer to start as soon as 9/9/21. Initial part time trial of 4-6 weeks with option to transition to full-time after.
You will be responsible for community engagement and understanding the technological needs of the extended Metaverse community builders and reporting them back to the Artwallet product team.
Your first task will be to document all of the features necessary and desired by the core existing metaverses creators that could be implemented in a wallet.
Your role:
[1] Actively participating in Metaverse platforms (building, gathering data, etc.)
[2] Engaging with the artists and creators inside these platform
[3] Tracking the technologies used and the needs of these creators
[4] Play testing the Artwallet features to make sure they are in line with creator needs. 5 traveling to fine art shows and galleries and walking fine art collectors through what is happening in the metaverse.
Please respond with:
[1] A cover letter detailing your current involvement in the Metaverse
[2] A CV in a standard or non-standard format.
[3] Salary requirements
[4] Current location and ability to travel/relocate
ArtWallet (artwallet.co (http://artwallet.co/)) is the first Metaverse-focused wallet and also the only wallet for artists by artists.
But basically we are having people spend time in every metaverse and every NFT platform.
To see what the experience is like for people who create content for that platform.
And what their ideal wallet solution wuld be like.
So we can prioritize the features downstream.
In the past week i’ve personally been in conversations with many of the top NFT marketplaces, hardware providers, and storage providers.
And basically what we look for is a good synergy of our product offering with theirs.
But since we are looking primarily at the wallet layer and some hardware integrations that can happen in it seemlessly.
This is a service right now that there isn’t a lot of competition for so we look to lock it down across the board.
Pretty much every NFT marketplace I’ve talked to is eager to use our service.
And lots of crowdfunding sites as well.
Announcements will come in our channel as they are officially made.
Main reason I’m hiring someone this week is because I can’t keep up with the demand.
Q3 from Telegram user @slla1112 Current NFT marketplace platforms have no or no solutions for insurance, guaranteed storage, copyrights. Does ArtWallet have solutions to these critical issues? Will an artist have these on ArtWallet?
J Dietz: So yeah this is related to the partnerships
once we looked at all the things that need to be built to handle all of the use cases
we realized we can’t do it all alone
so the partnerships and joint ventues are very important to us
we have a number of joint ventures currnetly being formed that are related to these types of ventures
insurance i think is a critical component for big ticket items
but also requires some important infrastructure choices
which are a bit challenging to guarantee on top of today’s marketplaces
so we are excited to be developing at the infrastrcutural laywer
also this may be unusual in this space
but i love all the legal stuff, I find it fascinating
so working with laywers to solve all the digital rights stuff, etc. will be a dream come true for me.
Q4 from Telegram user @Paponstgh Is your project a global project or local project? Can anybody anywhere use Your project without any restrictions?
J Dietz: It’s a global project but some asset classes may have restrictions built in
As we talked about before with real estate some things are more challenging to pull off
and we have been restricting the US for tokens because we know that there are extra regulations there.
Q5 from Telegram user @cleotilde1 You mentioned that “Specifically, album owners can rent them through 1ART and the same principle exists not only for sound, but also for digital art pieces and for hanging in galleries or other physical spaces.” To participate in Is this necessary that the content elements must be always locked in the original NFT?
J Dietz: Good question, and it really depends on what you mean by “original NFT”.
You probably know that most NFTs are on etheruem and ethereum only natively basically provides you the ability to register an address
so that’s like the “id”
then you can provide a link
that is supposed to be to a file
but the file may or not be at that link
that’s basically all that current NFT platforms give you
so if you want to do something in a more secure durable way, esp. for high ticket items or streaming or VR
you need to rethink a bit from the bottom up
and again partners are important for this
but we are really big hardware geeks I can say
and so when I was talking about the joint ventures we have underway some of them are hardware related
and the more capability we have there the easier it is to deliver all of the different layers that make for a unified metaverse experience
can’t say that much more without getting into technical details
but if you are really curious send us an email and maybe we can always hire you since there is lots fo work to do on the device display/ secure storage side.
Q6 from Telegram user @Robotliker1 You have an ambassador programme for influencer and artist but can non english speaker Apply for it or not?
J Dietz: Yes, please, Just note what other languages you speak. Google translate works great these days. WE are passionate about building a global community.
Q7 from Telegram user @isabella_blackk What are the benefits for investors and users to hold the $1ART token long-term? What are its real life uses? Do you have any encouraging practices?
J Dietz: Sadly I’m afraid to say.
That you can’t use $1ART tokens as toliet paper
So you should always make sure you have your own toliet paper
But as a gateway to the metaverse it is teh ultimate ticket
And as i said it gives you access to the best projects, the software, and the abilty to do in network rental
Probably more things too but those are our core features
At least for teh next few months.
Q8 from Telegram user @adaatalay What has Art Wallet accomplished in meeting the needs of the global crypto community and fostering mass adoption of NFT technologies? What are your plans for training and acquiring new crypto users/artists?
J Dietz: I’m also a partner on a celebrity agency.
So we did the Mike Tyson drop recently, went very well
And I think collectibles and fan memorabilia are definitely one way this is going mass market.
And the type of interactions needed to reach large fan bases
Ao stil la lot to do here.
Q9 from Telegram user @habibi_ve I was visiting your website and I couldn’t find the Art Wallet roadmap, can you tell us what are your goals for this last quarter and what are you currently working on?
J Dietz: Yes, our big priority are getting the full MVP product out by December.
And especially the hardware integrations I mentioned.
Q10 from Telegram user @Paponstgh Will you agree with me that community is everything? How important is the community to you? and how can we collaborate or help you for the development of the project?
J Dietz: Community is more than everything. Community is how we grow and thrive and build and live and soar.
And community isn’t just about people
Trees are our community
Cats are our comunity
And you are part of our community
Satoshi is our community
We are here because of satoshi
And the more we go into the depths of the matrix and the metaverse
The more we can unlock the keys that empower ourselves and others
