Satoshi Club

We were delighted to welcome our guest from Kaby Arena. The AMA took place on August 23rd, 2021 and our guests were @nhan_bui @AnhPhan88!

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

Mary Satoshi Club: Hello  Satoshi Club! We are happy to announce our AMA session with Kaby Arena! Welcome to Satoshi Club😀

Paul Mont | Satoshi Club: Today’s guests are @nhan_bui @AnhPhan88! Welcome! Great to have you here!

Nhan Bui: Hello everyone. Nice to meet you all!

Phan Anh: Hi everyone, it’s our pleasure!

Mary Satoshi Club: Hello, guys! Happy to e-meet you! How was your day?🙂

Nhan Bui: We are working double time to get everything ready for IDO 😂

Mary Satoshi Club: Oh, i can only imagine 👍

Paul Mont | Satoshi Club: Hard work will bear great fruits 😉

Mary Satoshi Club: I think we can start our AMA than🙂

Nhan Bui: We are ready 💪

Mary Satoshi Club: Could you please introduce yourself and tell us more about Kaby Arena 😀

Nhan Bui: Hello everyone, big thanks to your interest in our project and for attending this AMA and. I’m Nhan, co-founder and CEO of Kaby Arena. I’m here to answer anything you’d like to know about the game, about our vision, hopefully by doing so, you guys will join us on this exciting adventure ahead.

A bit about myself, I have a background in competitive gaming with Dota 1. With the release of Dota 2 on Steam and Steam Marketplace, I got into collectibles trading and made quite a bit of money in 2013-2014. However, with Steam, you never truly own the items and P2P trading for profit is trust-based and prohibited by Steam. That’s why when the idea of NFT game came out, it immediately clicked to me. In Kaby Arena, we want to replicate the success of the Steam Marketplace and their Free-to-play model. I believe by combining them with the trending Play-to-Earn model, Kaby Arena will become a pioneer in NFT gaming.

Mary Satoshi Club: Yes, that’s a good time now to start such kind of project! So, how long did it take you to develop Kaby Arena?

Paul Mont | Satoshi Club: Perfect timing, I’d say – the crypto gaming niche is literally exploding right now 😉

Nhan Bui: Our studio have several games in the making since the beginning of this year, but after we decided to adopt blockchain technology inbto Kaby Arena in May, we put everything else on pending and only focus on this project since then.

Mary Satoshi Club: Gotcha 👍 Also could you tell us more about your upcoming IDO😀

Nhan Bui: At the moment we have pretty much wrapped everything with our launchpads, only waiting to sign all the paperwork now.

If nothing goes wrong our IDO will be available on 31 August, on 4 launchpads: DAO Maker, Red Kite, Gamefi, and Gate Startup.

Paul Mont | Satoshi Club: That’s right around the corner! Save the date Satoshi Clubbers! 🎉🔥

Mary Satoshi Club: Nice platforms i need to say and not so long to wait👍

Paul Mont | Satoshi Club: We have some community questions ready for you to answer, so we can get deeper into what Kaby Arena will offer to its users.

Paul Mont | Satoshi Club: Ready to answer them? 😉

Nhan Bui: We are 💪

Mary Satoshi Club: Let’s go 🚀

Q1 from Telegram user @Ajpaa

League of Legends, Dota 2, CS:GO, Fortnite, etc. all implemented Free-to-Play games like Kaby Arena. So What is unique about Kaby Arena? Kaby Arena intends to always keep the enthusiasm of its community and player base through Competitive scene like dynamic ranking system, matchmaking algorithm and competitive tournaments hosted periodically all year round that will separate Kaby Arena apart and bring longevity to the game. Can you briefly explain these dynamic ranking system, matchmaking algorithm and competitive tournaments? How are they implemented in your ecosystem? Are there requirements to participate in these competitive scenes and will they avail community members rewards?

Nhan Bui: Kaby Arena employs an ELO ranking algorithm that rank you based on your recent performance against other opponents in PvP mode. If you win against a higher ranked player, your rank will improve dramatically while if the opponent is lower rank than you then it will only improve a liitle bit. You can see this mechanism in many other games such as Dota 2, Fifa , etc.

Customizable pairing system (or more commonly known as matchmaking sytem) provide you with more options when you find PvP match. You will be matched with opponents that are similar rank with you and match your criteria. For example, you can choose to exclude players who have a full team of NFT heroes from the opponents pool.

The two features provide fairness to all players and make the game both fun and competitive to everyone.

Nhan Bui: We will host 3 kinds of tournaments:

1. Weekly tournament: everyone can participate, 4 similar rank players will be grouped together. The winner receive the prize and the weekly cup

2. Quarterly tournament: Only the holders of the weekly cups can participate. 8 random players will be grouped together. Winner receive prize and the quarterly cup.

3. Annual tournament: Our biggest event of the year. Holders of quarterly cups can participate. In addition top 100 rank players can participate too. Largest prize pool.

Our only concern is the current COVID-19 situation that can prevent offline events.

Mary Satoshi Club: May be you can host online events instead?😀

Nhan Bui: offline tours always have their own unique type  of hype 🤘

Mary Satoshi Club: For sure! When do you plan your first tournament?😀

Nhan Bui: but pretty much impossible considering the covid situation 🙁

Paul Mont | Satoshi Club: I agree, but the kind of vibes that give you goose bumps just minutes ahead of the tournament 😉

Mary Satoshi Club: I never thought this will be so long and annoying 🤷

Nhan Bui: We will  have to wait until it’s possible to travel internationally without 14 days quarantine

Nhan Bui: at least with some sort of vaccine passport

Mary Satoshi Club: Hope so!

Paul Mont | Satoshi Club: I’m pretty sure that good organization and a great product will make up for the unfortunate impossibility of hosting a rea-life tournament for the time being 😉

Mary Satoshi Club: Thank you for your answers, guys! Ready to proceed?😀

Nhan Bui: ready

Q2 from Telegram user @Jmagsss

I saw an article about Kaby Arena acquiring a ‘Developer-Grant’ from the Polygon Network. From this, I would assume that Kaby Arena will be building network support for the Polygon blockchain. Can you tell us more about from this partnering and are you already in talk with the Polygon team following this news? Also, what do you think will be added into Kaby Arena’s features and value once Polygon’s utilities are implemented into your products, NFTs and the game itself?

Nhan Bui: Actually we built the game on Polygon chain before applying for the grant 🙂 We decided to choose Polygon due to the low gas fee, which will enable a lot of cool things such as covering the gas fee for our users, and make the game gas-less.

This will be extremely important since we intend to onboard even players who have no idea about cryptocurrency. They will be able to check out the game without a Metamask wallet.

Mary Satoshi Club: What are the main benefits of Polygon grant?

Nhan Bui: It’s mostly about recognition from the Polygon team, they will give us extra coverage from their social media. We will do an AMA with Polygon team during our IDO launch.

Mary Satoshi Club: So you’re only considering Polygon blockchain to work with?

Nhan Bui: The game will run on Polygon, but the token sale will be available on BSC as well. Lots of people asked for BSC so we think it’s best to launch on both chains.

Paul Mont | Satoshi Club: Brilliant, thank you for the comprehensive answer 😁

Paul Mont | Satoshi Club: Ready for the next question? 🚀

Nhan Bui: Ready 👍

Q3 from Telegram user  @Jonahapagu

One of the assets that will be available on Kaby Arena is the Kaby Non-NFT Heroes which is untradable and will be issued as a Free reward from PvE mode and it is also stated that these Can be ascended to NFT Heroes using Kaby token.. since this asset is untradable, what will be the use or importance of this asset in kaby arena and how can players ascend this asset into NFT Heroes using kaby token, what amount of kaby token will players need to achieve this..

Nhan Bui: The untradeable non-NFT heroes are randomized and given out to every players to make the game Free-to-Play. You can use these heroes to play the game without investing anything (unlike most other NFT games).

Once a player got familiar with the game and understand the Play-to-Earn potential of Kaby Arena, they can ascend their best free heroes into NFTs by spending KABY tokens or buy NFTs from other players. Ascension will give your heroes better stats, and the process will be simple with only one click. As for the cost, we are in the process of balancing the numbers.

Paul Mont | Satoshi Club: Will the free heroes still be able to compete against “ascended”, NFT heroes?

Mary Satoshi Club: Wow, i like this system! Can users earn tokens by playing using free heroes?

Nhan Bui: Of course, the game is tactical so you can definitely win with slightly weaker heroes. There’s also the Crypto Wars mechanism to close the gap vs Premium players.

Mary Satoshi Club: So, i think it’s also answer to my question😀

Nhan Bui: Yes they can, but there’s a weekly cap to the amount of tokens they can earn.

However there’s no limit to other drops such as treasure chests, equipment, or upgrade scrolls. All of these can be sold on the market, just like Dota or CSGO items in the early days.

Mary Satoshi Club: Fantastic! 🎉

Mary Satoshi Club: Thank you for your answers, guys! Ready to jump to the next question?

Paul Mont | Satoshi Club: Yes, looks amazing 🔥

Paul Mont | Satoshi Club: The next question is about the heroes features and skills 🙂

Q4 from Telegram user @Cheriemike

In Kaby Arena Battle for a player to progress in the game, players will collect heroes and each hero is one of the 5 elements: Wind, Fire, Water, Light, Darkness.My question is,Can you tell us each heroes unique stats and abilities?Are there any similar skill derive on each heroes element?What are the advantage of each heroes when used in the battle mode?

Nhan Bui: In Kaby Arena, we have hero elements, categories, races.

1. There are 5 elements as you mentioned, which forms a counter system: Fire counters Wind, Wind counters Water, Water counters Fire, Darkness and Light counters each other.

2. There will at least 20 races at official launch, which decides race talents – special skills that is unique to that race.

3. Other than 5 elements, Kaby heroes are divided in 4 different categories based on their stats distribution: Attack, Defend, Speed, and HP. These categories define the main attribute and the skills pool. For example, Support Hero will have Support skills

For more detail, please follow our “Get to Know Kaby Arena” series on our medium: https://medium.com/@kabyarena

Paul Mont | Satoshi Club: Cool! Are we still on time to join the testing phase of the game? 🙃

Mary Satoshi Club: I think we still missed one important detail in our AMA😀 tell us please, who are in your team and who is responsible for creating such great concept for your game😀

Nhan Bui: At the moment our client is still in internal test phase. Official demo will be available in October.

Paul Mont | Satoshi Club: Yes, that’s also a pivotal question to be answered 😉

Nhan Bui: Our game studio is Ziga game, we mostly focused on web and mobile games before. Kaby Arena will be our first blockchain project, the blockchain code and smart contract will be assisted by our partner Rikkeisoft

Mary Satoshi Club: And this is also very interesting question 😉

Paul Mont | Satoshi Club: Perfect, thank you very much! Crystal clear answers! 👏

Paul Mont | Satoshi Club: Let’s move onto the next question, shall we? 😉

Q5 from Telegram user @Highpee

Project usually makes use of IDO or IEO during the initial crowdfunding presale phase. However, I found out that your project has launched Community Venture Offering (CVO) and I don’t think I am familiar with this type of presale system. Can you explain how CVO is done and the advantage it has over IDO/ICO which made you to prefer it? How is Community Ventures different from Venture Capital? Who can join this event and how many participants do you need at this stage? Also, I learnt that investors who will be whitelisted will be able to send $300 for the purchase of token to you but only 24% of this bought token will be released at launch. When will whitelisting ends and When will the remaining tokens be released?

Nhan Bui: Kaby Arena’s private sale has concluded a week ago.

That particular CVO is actually not provided by us. It’s an offer from one of our VC – DEC Ventures. They were one of our earliest investors, and now they decide to share some of their own private round allocation to the community under the format of a CVO. Hence the small ticket size. 24% unlocking at TGE is the same schedule with private round. You can check details in our whitepaper (https://docs.kabyarena.com/whitepaper)

Nhan Bui: Our public sale will open at the end of this month, and details on whitelist will be released within a few days on https://t.me/KabyArena_ann

Please stay tuned 🙏

Mary Satoshi Club: Satoshiclubbers, i want to remind you – don’t miss your chances!👏

Mary Satoshi Club: Thank you for your answers! Ready for the 6th and last question from this part?🚀

Q6 from Telegram user @Manugotsuka

Reading about your project I saw that It says “Assets for rent”, so can you explain us how this rent system works? Also which assets can be rented?

Nhan Bui: Good question! Renting is a way for NFT owner to make passive profit from their unused NFTs and a way for F2P players to experience the NFTs with minimum fee. We offer two method of renting:

– Peer-to-peer: renting through smart contract directly between the users. To avoid risk for both parties, a collateral is required. Often the collateral is higher than the value of the rented NFT. It will be locked during the rent duration and will be awarded to the owner of the NFT if the renter fails to return the item.

– Using Kaby game studio as a trusted 3rd party: no collateral is required. The NFT will be locked by us, a non-tradeable copy will be sent to the renter, and destroyed by the end of the rent. This method is cheaper than the previous.

Only NFTs can be rented.

Mary Satoshi Club: How you will value your NFTs😀 it’s often a problem

Nhan Bui: We will automatically suggest a baseline price using the heroes stats, but it’s the owner who decide the final number for collateral and fee.

Mary Satoshi Club: Gotcha 👍

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Asela1112

You have allocated 15.5% of $KABY from total supply for the private sale. I think, private sale must be for your partners & early investors. Can you share with us your Private Sale’s details? How much did you fundraise through that?

Nhan Bui: Our private sale went to various VCs and regional KOLs. We raised roundly 1 million USD through this round. Two major investors are DAO Maker and Red Kite, who will also serve as launchpads for our project.

Q2 from Telegram User @LuisPagulayan

What is the project’s history behind choosing NFT gaming to be an industry to be in? What relevance does it play when it comes to games, does it provide any? How will the participants and players will benefit from this project?

Nhan Bui: I choose NFT game due to my history with trading virtual items. The game industry is booming and so does virtual items, for example World of Warcraft gold has been valuable since well over a decade ago.

And I think a trustless, and truly free market will be needed to accommodate this entire new asset class.

Players will be able to freely earn, trade, and profit from the game.

Q3 from Telegram User @mobilejii

How important  is security for youand what security measures can we see ? When will be audit report available?

Nhan Bui: We are currently under the process of auditing. The audit is performed by Certik

 (https://www.certik.org/)However, we are considering other options as well for extra security.

Q4 from Telegram User @Antoni_azx

I liked that Kaby Arena will use an anti-scripting system to improve the gameplay and reduce the infestation by automatic bots, on some gaming platforms these systems can be very annoying for common users (captchas for example) so you can tell us what are the advantages of the system implemented by you? It intervenes in a negative way in the gameplay of the users?

Nhan Bui: The anti-scripting will be gamified as quick time events. Players will receive in-game buffs after passing these checks, and the bots failing them will be flagged and banned after several repeated violations.

Q5 from Telegram User @alberto_vzla

It struck me that you said: “There is also the Crypto Wars mechanism to bridge the gap against Premium players.”
How can this mechanism close this gap against Premium players?

Nhan Bui: Crypto Wars is a free feature available to all players

The mechanism works as follow:

– Players connect each unit in the game with one cryptocurrency at the beginning of the week.

– During that week, any fluctuation in the market price/volume of the chosen crypto will give different bonuses to the hero. If the crypto goes up, your hero gets stronger and vice versa.

To maintain game balance, these bonuses given by cryptocurrency will be capped to a reasonable number. This mechanism is the unique feature that sets us apart from other NFTs games. It creates a connection between gameplay and the crypto market, and serves as an incentive for pure gamers who are unfamiliar with crypto to learn about our market.

Q6 from Telegram User @Chinthaka93

“First game to involve crypto market fluctuations into gameplay” This is great. Why have you choosen this concept for the project? What is the story behind choosing this concept?

Nhan Bui: its came from one brainstorming session of the team. We decided to go F2P, that mean there will be a lot of players who are unfamiliar with the crypto market. Therefore, there should be a way to give them the incentive to do research about it. At that moment, we were having a break and talking about the fluctuation of the market and then boom! We are now having one of the coolest idea to onboard F2P players.

Q7 from Telegram User @Smartling

How will the team bring success and longevity to the Kaby Arena project?

Nhan Bui:

Community is the essential part to bring success and longevity to any project. Most NFT games have low user base due to the initial paywall. We abolished that paywall by going F2P.

We will continue to engage the community in our project through events and activities such as Art Contest, Dev Workshop to get the feedback and the competitive tournaments. The competitive scene are what make LOL, CSGO, DOTA 2 so relevant and prosperous for so long and we want to follow these giants’ footsteps.

Q8 from Telegram User @tahanisg

One of the use cases of $KABY is that you can open loot boxes. What are these loot boxes? What is their in-game advantage? How do you get one of them?

Nhan Bui: Loot-boxes are mystery treasure chests that give out a variety of rewards when opened, you may receive items, cosmetics, special effects and even NFT heroes!

You can receive the loot-boxes by playing PvE and PvP, there will be a chance for the drop. Or you can passively receive them by staking your spare NFTs.

Q9 from Telegram User @cutetulipan

Can you give us more details about the features called Hero Fusion, what range of possibilities does these features offer players?  Could you merge two or more NFT heroes to achieve a descendents unrelated to the NFT genre?

Nhan Bui: Any two NFT heroes can be fused. The offspring will inherit some traits from the parent whether it’s the element, attributes or the skills, etc.

This allows NFT owners to have more heroes and is a players-based game balancing mechanic. If you see some heroes as overpowered , you can fuse your heroes to get a specific skill to counter them.

Q10 from Telegram User @alamils0

How can i stay updated with your project?  Can you share KABY ARENA telegram, Twitter, website and social link where are we find you?

Nhan Bui: You can subscribe to our social media here:

Website: https://kabyarena.com

Announcement: https://t.me/KabyArena_ann

Telegram: https://t.me/KabyArena

Twitter: https://twitter.com/KabyArena

Medium: https://medium.com/@kabyarena

Regional groups:

Korea: https://t.me/KabyArena_Korea

Hispanic: https://t.me/Kabyarena_Spanish

Turkey: https://t.me/kabyarenaturkey

Vietnam: https://t.me/KabyArena_Vietnam

At the moment, we expanding regional groups to include Chinese, Indian and Philippine community, so please stay tuned for more update from us.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Kaby Arena. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru

Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners:
Kaby Arena Website – kabyarena.com
Kaby Arena Telegram – @KabyArena

We are pleased to announce our next AMA on August 29th 2021 at 01:00 PM UTC Time: Satoshi Club x Krystal

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Krystal Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Krystal Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Krystal

For more details:
Krystal Website – krystal.app
Krystal Telegram – @Krystal_Announcement
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Caliente and our guests were @wellez4 @ant_reed @CognitoJay @selazir. The AMA took place on 22 August.

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 community

Gold Rocket | Satoshi Club: Hi dear Satoshi Club❤️

Luis Merino 🇪🇸 | Satoshi Club: Hello everyone! And welcome to another AMA session in Satoshi Club! The third one today… 😳

Gold Rocket | Satoshi Club: We conclude our today’s AMA marathon series with Caliente. 😁

Today our  guests are @wellez4 @ant_reed @CognitoJay @selazir 🤩🤩🤩🤩

Selazir $CAL: Hi there!

Ant: Hello everyone

Luis Merino 🇪🇸 | Satoshi Club: Just a few…

CognitoJay $CAL: Hey everyone welcome 🙌

Luis Merino 🇪🇸 | Satoshi Club: How are you guys? Ready for such an AMA marathon? 😄

Wellz $CAL: Hello guys! Thanks for having us here

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @wellez4 @ant_reed @CognitoJay @selazir!

CognitoJay $CAL: Yes we are very ready to see these amazing questions 🤩

Gold Rocket | Satoshi Club: Nice to e-meet you😍

Thanks for joining guys!

Let’s start!

Luis Merino 🇪🇸 | Satoshi Club: That’s AMAzing 😉😂

Gold Rocket | Satoshi Club: Introduce yourself please. How did you get to be involved in crypto & Caliente?

Tell us please about your position in Caliente?

Ant: Hey, thank you for your message. My name Is Paul, I’m responsible for any tech things in our project. Contracts developing, platform developing etc.

Selazir $CAL: My name is Walt, In Crypto development from early 2017, I’m founded one of the first and the biggest ICO listing.  Currently my role in Caliente extend into many roles including marketing, strategy, campaign planning and promotional content preparation.

Gold Rocket | Satoshi Club: nice Ava btw😁

Welcome to Satoshi Club😊

Selazir $CAL: ty🙂

CognitoJay $CAL: I am Jay, I’m a twenty seven year old from New Zealand. I’ve been watching the crypto market for a long time and know others involved. I’ve known Timo a long time and he asked me to join the team and head up recruitment. This has been my primary role in Caliente though I perform other tasks.

Gold Rocket | Satoshi Club: Great thanks 👌

Wellz $CAL: My name is Max. I’m responsible for marketing, campaign planning and promotional content

preparation. As previous affiliate marketer in the Adult niche i’m looking to bring specialized marketing techniques and my experience to Caliente project

Luis Merino 🇪🇸 | Satoshi Club: Nice to e-meet you, Paul, Walt, Jay and Max 🙂

Great backgrounds, btw 😄👍

Gold Rocket | Satoshi Club: Thanks

What is the essence of Caliente?

all the same, in any business there should be a main idea😊

Wellz $CAL: Caliente is a brand new token, focused on amateur adult content creators, and them earning the most by using blockchain technology. We are a place where they can feel safe and make money off their original content.

Our platform is not just NFTs, it’s full on Adult Social Media platform where NFTs being just one of many features that benefit models and users.

We will also implement fiat options, which gets our ceiling higher than anybody on BSC, because we can target not just Crypto enthusiasts, but anybody who has computer and interested in adult content.

Gold Rocket | Satoshi Club: thanks for the clarification

CognitoJay $CAL: The essence is based on a simple ideal, providing amateur models what they deserve

For the TLDR crowd

Gold Rocket | Satoshi Club: Also we would like to know more about your team. Who is on the project team core?

Luis Merino 🇪🇸 | Satoshi Club: Simple explanation but great one 😄👍

Gold Rocket | Satoshi Club: Gotcha🙌

CognitoJay $CAL: We have six core team members each with their own specific roles.

Gold Rocket | Satoshi Club: Is your team anonymous?

Luis Merino 🇪🇸 | Satoshi Club: 👏👏

Willing to hire more members soon?

Ant: 4 of us you can see in this chat and two of us are busy now so unfortunately they are not here

CognitoJay $CAL: We are going to have a video AMA before Launch, we are already doxxed, but we will take it another step.

Gold Rocket | Satoshi Club: Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

Luis Merino 🇪🇸 | Satoshi Club: @GoldRocket27 I think we should move into community questions, if not we will cover them all 👀😄

There you are 😉

Wellz $CAL:  Yeah sure

CognitoJay $CAL: Yep we are ready to proceed xD

Ant: Why not 😁 I hope we’ll back here as a much bigger team 😁

Q1 from Telegram User @Jamesxmen

Within most adult content platforms, there is no adequate security. Due to this issue, Content creators & audience are afraid to get what they want. So how will you involve in this issue as a well securable server network? Will it be a P2P network between Content creator and spectator? Other issue is Copyright regulations of Contents. What kind of legislation processes, will you add to the Caliente Finance to prevent of Content Copying issues? Will there be legal punishments for those who steal others content without any permission in Caliente Finance platform?

Ant: Of course it is impossible to create a system which tracks recording screen from your mobile phone’s camera, but we  are implementing the p2p system which will stream content between two users without a middleman. Streaming content will be encrypted only between two users.

CognitoJay $CAL: The models will have their content watermarked and will own the copyrights of the content they create.

Ant: Also creators will able to create censored versions of his NFTs and only buyers will see the original media

CognitoJay $CAL: As most content is stolen and posted anonymously I fear it will be an issue that plagues the whole industry until a technological breakthrough.

Q2 from Telegram User @nhairym

Some projects for adults have chosen to create catalogs with NFT, which you consider to be more productive and profitable for the platform and its investors, the NFTs or real models, from the monetary point of view, which style is more convenient to use or could incorporate the 2 to create a bigger and stronger community?

Selazir $CAL: Though both are strong on their own, we believe it will be most profitable to incorporate both into a single platform.

We are looking to build an ultimate adult social media platform with mix of both NFTs and adult creator content

Also we gonna have an additional use cases for NFTs on our platform which are unlockable content and premium profiles

Here are the main features of out platform that we are planning to implement:

Ability to send DMs

Ability to Follow

Ability to send tips to other users

Unlockable content (By NFT purchase and by payment)

Unlockable profiles(private)

Verification Badges

NFT auctions

Custom videos

Live Cam Shows

Dating/Match functions

Swap from credit card to $CAL token

Physical goods (bath water, panties, etc.)

Notifications

Personalized Feeds

Gold Rocket | Satoshi Club: a large set of features👍I’m sure the user will appreciate this😊

CognitoJay $CAL: We are casting a wide net you could say xD

We want to cater for almost all tastes.

Luis Merino 🇪🇸 | Satoshi Club: Many many features

OMG…

That’s great 👏

Gold Rocket | Satoshi Club: Absolutely right…

Thanks for your answers😊

Selazir $CAL: Join our telegram group: https://t.me/CalienteFinance

Q3 from Telegram User @andrey_seleznov

❤️ Hi Caliente! ❤️

Caliente is focused on amateur adult content creators and will leverage blockchain technology to allow content creators to easily earn on the platform. If we look from the investors perspective, what do you offer for them to incentivize holding $CAL tokens and expanding their share? Will there be staking, farming opportunities for the DeFi enthusiasts among the Caliente users? And lastly how do you plan to incorporate very caliente NFT tech into the platform 🙂 I assume there will be adult content NFTs, but will there be other unique NFTs that will grant holders specific benefits like access to restricted groups etc ?

Thank you!

CognitoJay $CAL: We have incentivized long term holding by designing a system of which we can pay models and integrate the use case of $CAL, which we will be used to purchase content and tip the models, without affecting the chart. We will have our own amount of Bitcoin that the models will buy from us in $CAL and we give them Bitcoin. This way the models can be exchange bitcoin to Fiat via PayPal, CashApp and Venmo.

Selazir $CAL: Join our telegram group: https://t.me/CalienteFinance

Q4 from Telegram User @yellowchamp

Caliente Finance will have its pre-sale this coming August 23 in DX Presale. So,can you share some information or details about your upcoming presale? How to be whitelisted or is there still a chance to be whitelisted since it is 1 day to go before the presale? Why do you choose DX Presale to conduct your presale? What are the gainful benefits you see by collaborating DX presale with your presale? For early investors in your platform especially for your presale investors,what benefits they may get or avail in your platform? Thank you

Selazir $CAL: We have made the decision to extend our pre-sale until the 26th August and kept the launch a day after Presale. This creates an extension for those seeking a place on our whitelist.

We want to give our newer members more opportunities to earn WL spots, so please apply for the Draw: https://sweepwidget.com/view/29953-43der0qu?v=fg

We are constantly looking for new avenues to expand our presence and have turned our sights to YouTube. Major discussions are taking place now with some Influencers about making a review of our project on their YouTube Channel!

Gold Rocket | Satoshi Club: Well! this is very good for users. They will have more opportunities.

Why do you choose DX Presale to conduct your presale? What are the gainful benefits you see by collaborating DX presale with your presale?

Luis Merino 🇪🇸 | Satoshi Club: Almost 240K entries

Gold Rocket | Satoshi Club: Wow! Amazing🚀

CognitoJay $CAL: DX presale allows us to make a whitelist and it has good bot protection. We think of investors and holders first so this gives them the best protection.

Gold Rocket | Satoshi Club: Thanks for sharing ☺️

Selazir $CAL: Join our telegram group: https://t.me/CalienteFinance

Gold Rocket | Satoshi Club: thanks for your answer😊

Q5 from Telegram User @Brainchest

I want to know how Anti Dump will work in reality?

I’ve only read about the limitation –

Maximum amount of each sell transaction limited to 0.25% of the total supply.

But what if I will sell not one transaction, but 100 transactions, from different IPs and pre-created addresses on different virtual machines with different MAC addresses?

You won’t be able to recognize the sale by one person.

Question

What methods of protection do you have against the gross sale of tokens?

What other Anti Dump methods will you integrate?

Ant: Right before launch we will decrease the maximum amount of sell transactions, down to 1 mil tokens. If someone will try to sell a large amount of tokens from different machines and different addresses it will look like a trailing (step by step) consecutive sales. This won’t be looks like a big dump impact.Each transaction has taxes so for you it won’t be very  profitable to take this method of mass scale selling.

Q6 from Telegram User @Jonahapagu

5%of your total Token supply of 1,000,000,000 was allocated for Ambassadors and partners.. this is an indicator that caliente will be in need of ambassadors so How does one become an ambassador or partner of caliente and apart from this allocation, what other benefits do they stand to gain from being ambassadors or partners of caliente, and are there specific companies or organizations you are looking at partnering with..

Selazir $CAL: Join our telegram group: https://t.me/CalienteFinance

CognitoJay $CAL: We are selecting adult content creators and constantly reaching out to them. Currently we have already reached the amount of ambassadors we were looking for and are only looking for partners. These partners will have exclusive access to our Telegram group full of our investors and will have priority listing on the platform on launch. We will also list them on our social media for exposure and are looking into forms of marketing for them now.

Luis Merino 🇪🇸 | Satoshi Club: What are your priorities for a partnership?

Gold Rocket | Satoshi Club: Share with us your tokenomics please

CognitoJay $CAL: We are looking to list on Travala.com so the use case of our coin expands and our investors/holders can benefit even further from being with us long term.

Gold Rocket | Satoshi Club: yes this is a very good project👍

Luis Merino 🇪🇸 | Satoshi Club: Huge one!!!

Selazir $CAL: Total supply: 1 000 000 000 tokens (1 billion)

Dev wallet: 1%

Marketing wallet: 5%

Platform Maintenance: 5%

Ambassadors and partners: 5%

Private sale: 9%

Public sale: 18%

Liquidity pool: 18%

DEX fees: 5%

Burning: 34%

4% of each transaction is redistributed in BNB to all holders who

own over 50000 CAL tokens. Earned BNBs are automatically

sent to the holder’s wallet every hour (it may take longer than an

hour at a low transaction volume).

2% of each transaction goes to the marketing wallet.

4% of each transaction goes to the liquidity pool on

PancakeSwap.

An integrated anti-dump system: maximum amount of each sell

transaction is limited to 0.25% of the total supply. Each ‘sell’

transaction occurs with an extra 1% fee. The wallet can hold no

more than 2% of all issued tokens.

Part 2 — live questions from the Telegram community

Q1  from telegram username @alberto_vzla

You said you wanted to implement these features on your platform:

Possibility to send DM

Ability to follow

Possibility of sending suggestions to other users.

Unlockable content (by NFT purchase and by payment)

Unlockable profiles (private)

Verification badges

wow, practically a social network, who would have a verification badge?

 Ant: Creators will able to pass our KYC verification. So verified users will have special badges right near his profiles. That badges will confirm that you as a buyer deal with real confirmed creator.

Q2  from telegram username @Nonerlike

Marketing strategy is important so What is your marketing plan by team apart from shilling?

  Wellz $CAL: BEFORE LAUNCH marketing:

Daily CryptoMoonShots reddit posts (push in to the top 3 on front page)

– Banner ads on coinhunt and other popular coin rating websites. 

– Building our Shilling community. We got 500 people in our main shilling community and 300+ in chinese one

AFTER LANCH marketing:

– Get on CoinMarketCap & CoinGeecko lisitng in record time in attempt to get on “Top gainers list”

– Work with crypto Influencers,

– banner ads on popular chart platforms like Dextools, Poocoin, Coinstat, BoggedFinance.

– Press releases on biggest crypto websites and blogs

Marketing of platform for models:

– Colaborations with popular contect creators

– Order publications on popular websites, forums and social accounts among adult content creators

Marketing of platfor for users:

– Twitter marketing; (We are building network of twitter adult accounts with teaser tweets of Caliente models content)

– Collaborations with big adult content creators for promotional purposes

– Affiliate program

Q3  from telegram username @Indomiekuy

As an adult token, can u explain what are the meaning of using “Caliente” As project name? what the connection adult token and caliente ? Any story behind pick Caliente as project name?

Wellz $CAL: Branding – we wanted to steer clear away from any vulgar words that will limit our options on how to market the project, or any words that just scream ‘shitcoin’.

Q4  from telegram username @Emidm28

Recently, the subscription site OnlyFans announced that after October 1st it will block sexually explicit photos and videos. This is a limitation for users creating adult content. Will this also happen in Caliente? Will VERY explicit content be blocked or censored within the platform? Will those people affected by the recent decision of OnlyFans be able to migrate to the Caliente platform?

  Wellz $CAL: This is absolutely true, OnlyFans trying to go Mainstream, release phone app and we see this as an opportunity to give OF content creators an alternative.

We think that the best way to get more models involved is to show them the BENEFITS of using blockchain/our platform specifically:

a. OnlyFans charges 20%, we don’t

b. we pay immediately in tokens

c. we have way more options to monetize their content

d. we offer them to be seen by wealthier audience.

Most of the content creators want to get paid, so greater adoption can and will be driven by showcasing how much money can be made through blockchain technologies or people involved.

On top of that immediate payments.

We also educate our ambassadors and partners on crypto and ways to invest and ways to get profits from it.

Q5  from telegram username @MdLuffyo

How much does the caliente platform care about the security of its users? Is the caliente smart contract AUDITED? do you have a report?

  Ant: We are taking the security of our platform very seriously. We have an experienced dapps developers on the team. So during development we will implement all needed security measures to protect our users from stealing, be it personal data or NFT data.

Yes we already audited our contract. the report will be announced very soon. Moreover we are planning to undergo additional audits from different companies.

Q6  from telegram username @alamins0011

Are you planning to promote Caliente finance project in countries / regions where English is not good? Do you have a local community for them to better understand Caliente finance project?

Selazir $CAL; Of course, we plan to work for the international community as a whole. We already have a Chinese(@CalienteCN) and Spanish community(@caliente_espanol), and we will continue to expand.

Q7  from telegram username @sumaiya889

How can we trust your project?, We don’t know anything about your team members?, Even you don’t have any roadmap or white paper. So it confusing that where you wanted to take this project??,”

Wellz $CAL: All core team (6 members) got background that covers all fields that are necesseary for the project’s success.

Paul – tech and software developement (founder of Foundico.com)

Walt (Vlad) – ICO, IDO, marketing that is related to crypto (co-founder of Foundico.com)

Max – Affiliate marketer and promoter, responsible for the Adult marketing and planning

Timo – manager, affiliate marketer, together with Max had Adult social media network with more than 50M followers, responsible for adult marketing and Recruitment.

Matt – background in data science and financial analytics, responsible for community outreach, PR, marketing and engagement.

Jeremy – background of Model and actor in China, brings connections to Asian market and model agencies.

Also we do have roadmap (https://caliente.finance/#roadmap) and White Paper with all information about our project (https://bit.ly/3j1LxDq)

Q8  from telegram username @Amila19932

Could you please explain about “4% Redistribution in BNB”? How can I be eleigible for this? 

  Ant: Reward system working very simple for the end users. You just must buy and hold more than 50.000 CAL tokens on your real blockchain address. For example on metamask, or trust wallet.  Just hold CAL tokens and get rewards. The more CAL tokens you will hold the more rewards you will get.

Q9  from telegram username @shaheen889

Where can I buy token? Will it be less expensive or more expensive? Possible all links to all your social media platforms if possible?

Selazir $CAL: You can buy our tokens at pancakeswap.

 All possible links: https://caliente.finance/   

https://twitter.com/CalienteFinance

https://t.me/CalienteCAL

https://www.instagram.com/caliente_finance/

Q10  from telegram username @slla1112

What adult NFT content is not allowed to be posted on the Caliente Platform?

 Selazir $CAL: Under 18 and content harmful to humans or animals. We will also have moderation to prevent uploading of irrelevant content. Also our team will compare artworks with verified creators to avoid uploading of foreign content.

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:

English Telegram group: https://t.me/Satoshi_club/

Russian Telegram group: https://t.me/satoshi_club_ru/

Spanish Telegram group: https://t.me/satoshi_club_spanish/

Chinese Telegram group: https://t.me/satoshi_club_cn/

Indonesian Telegram group: https://t.me/satoshi_club_indonesia/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Our partners:

Telegram:  https://t.me/CalienteFinance

Twitter: https://twitter.com/CalienteFinance

We are pleased to announce our next AMA on August 26th, 2021 at 11:00 AM UTC Time: Satoshi Club Russian x vEmpire Russian

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Russian Satoshi Club Telegram group
👉 Join vEmpire Russian Telegram group

We will have the following structure:

Part 1: 50 /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 50/5 users – Open chat for 120 seconds. You can post Max 3 questions. vEmpire Russian Team will select 5 questions and answer them.

For more details:
vEmpire Russian – @vEmpirediscussion
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Binapet and our guest, @BinapetMia. The AMA took place on the 22nd of August.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Binapet! Welcome to Satoshi Club😀 Today our guest is @BinapetMia.

Mia: Thanks! This is Mia from Binapet, in charge of marketing. I feel pleased to come to Satoshi Club!

Mary | Satoshi Club: Hello, happy to e-meet you👍 How’s going?

Mia: Nice to meet you! Yeah we are doing very well, today the token of Binapet, BPET, hit Top 1 token trading volume according to coin98 wallet status!

Mary | Satoshi Club: Awesome 👍

Mia: Thanks, we are also excited about that. We just launched our game officially in about 10 days, and achieved a lot, thanks to our great community!

Andrés M. | Satoshi Club: Congratulations for the achievement, well deserved👏

Mia: Also glad to get in Satoshi Club to introduce us to you!

Mary | Satoshi Club: Soooo…. Let’s start our AMA 🚀 Mia, could you please introduce yourself and tell us more about Binapet?👏

Mia: Yeah sure! I am Mia, in charge of marketing in Binapet. Binapet is an NFT game and decentralized yield farm application. We have superb developer team and are planning to build the best DeFi NFT Game.

Also as you know, BPET is our token. In the game ecosystem, BPET is used to buy “dragon eggs” and “props”. Also players can exchange their dragon eggs and dragons in Binapet marketplace, which of course also use BPET to do the exchange.

Mary | Satoshi Club: When did the development of Binapet started?😀 Btw, I saw your site and liked your dragons so much!

Mia: Thank you a lot! Actually, we have a very superb development team and the team members have rich experience in game and blockchain.
We have incubated our idea for making, the great Binapet DeFi NFT game, for long.

Andrés M. | Satoshi Club: What inspired you to focus on dragons and NFTs?

Mia: We really want to make a great game, and that is why our game is totally fair and fun, you can see that the team can not mint and have not pre-mines, we want to build an amazing game for people around the world!

Also, from the name Binapet, you can see that there is a close relation between players and dragons, each dragon is NFT asset, very unique!

Players can play smart to breed strong dragons and on the other side, their unique dragons can gain profit and even battle for the player to win more.

Andrés M. | Satoshi Club: Great aim👏

Mary | Satoshi Club: Mia, thank you for your intro! We choose 6 questions for the first part of our AMA🚀. Are you ready for them?

Mia: Yeah, ready to go!

Q1 from Telegram user @orlemys:

I read that joining Binapet not only entertains you, but also generates a lot of profit. I’d love to participate, so I’d like to know if there’s an initial investment to be made to be able to play the game, and also what’s the difficulty level and rewards for beginners? There are many popular games right now, like Axie, so would you tell us how do you compare to them and how’s your profit system better? Also, what’s your current NFT price range? How’s the growth like and what’s the best NFT to invest in your platform?

Mia: Thank you for our great question, I can see that you have a passion for NFT gaming, that is exactly what we are doing.

Well you are absolutely right, in our game, dragons can gain a lot of profit for players. So the initial investment is to buy an ancient egg in Binapet shop.

You can use the egg to hatch the dragon, then you can pledge the dragon in farm to gain reward. Also we are going to launch battlefield in next week, so that you can even gain more in battlefield after winning battles.

For beginners, Binapet is very easy to go, and we have a very good profit ecosystem for all players. For example, you buy ancient eggs in shop, and the 95% revenue from the shop will go back to reward pool for all players.

Also all players can freely trade NFT asset, we have very active marketplace.

As you can see, we are having a very healthy ecosystem, and there are 5 levels of dragons in the game for now, it varies from common to higher levels like epic dragons.

For example, the ancient egg is about 1200 BPET for now. You could hatch a common dragon out of an egg, and you can breed higher level dragons by yourself, and you can sell to gain or you can keep it. For now in marketplace, the highest price is about 70000 for a rare dragon.

Mary | Satoshi Club: Is the number of ancient eggs limited?

Mia: We do not set limit of ancient egg because we do not need to do that since we will put 95% of egg selling revenue back to the reward pool for all our community players for them to get more reward back.

So it is a very healthy ecosystem, the team can not mint, and have not pre-mined as well. The more the shop sells eggs, the more revenue comes back to player’s reward pool, and we will keep marketing to invite more players in.

Andrés M. | Satoshi Club: Do you have plans to have your own mobile app? Or is it currently running?

Mia: For now, our game has already launched and it is very easy to access and play in player’s mobile phone, players can use mobile wallet to enter game.

Andrés M. | Satoshi Club: Got it😃👍 Thanks for the clarification😁

Mary | Satoshi Club: Thank you for your answers, Mia! Ready to proceed?

Mia: Yes I am ready!

Q2 from Telegram user @UplineStephen:

I noticed also from your website that, only 5% of the exchange fee goes to the team. And even that 5% for the team is still used for long term project development. The 95% left all goes to the community as a reward. My question then is, as a team, how do you generate profit from this project then? Do you have some reserved token specifically for the team which can serve as a revenue for you? I’m curious about this.

Mia: Thank you for your great question, we did not pre-mined or pre-reserved the BPET token, also team can not mint any BPET, as you can see, the team only takes 5% of the revenue. Why we take so small percentage? That is because, first, we are truly blockchain believers, also we have full confidence in Binapet game, we are working for long term game ecosystem.

We truly believe that we could work our best to make Binapet the best game in the world, you can only earn some when the cake is big enough.

We do not want to take large percentage for a small business, we are aiming at making a big enough cake, delicious for every one.

Mary | Satoshi Club: Can you tell us more about Binapet team?

Mia: Yeah sure, as you can see, we just started presale of BPET on 12 August, and all presale sold out in just 5 seconds. Also we just launched our game for like 10 days, today we have reached top 1 trading volume according to coin98 wallet statistics.

We have a very good team, the developers are very experienced and also we have community moderator from 5 language speaking regions globally.

Andrés M. | Satoshi Club: There are different categories of dragons, could you explain the features of each one?

Mia: Yeah I would love to! We have 5 levels of dragons, and each dragon is born with one element, there are 5 elements in total, they are: gold, wood, water, fire and earth.

Dragon eggs are bred by players into five levels: common, senior, rare. legendary and epic.

As you can see, the game is very fun, players can use eggs to hatch dragon, also can breed dragons to higher level.

Yes, dragons are born with energy points, different energy points can win reward proportionally in farm when dragon is pledged in NFT farming.

Andrés M. | Satoshi Club: Completely agree, it sounds exciting🥳 Could you share some designs of the dragons?😁

Mia: Would love to, players can play smart and really can win big by only starting with small investment.

You can see your dragons are gaining profit every day in NFT farming and we are having battlefield soon next week, dragons can win more in battles.

This is a design showing our dragon, very cute!

Andrés M. | Satoshi Club: Fantastic😍, thanks for share it.

Mary | Satoshi Club: Is your team public?

Mia: We have a big team, and like a lot of good decentralized projects, we are anonymous team members from all around the world!

Mary | Satoshi Club: Gotcha 👍

Mary | Satoshi Club: Thank you for your answers! Ready to go to the next question?

Mia: Yes ready!

Q3 from Telegram user @Jmagsss:

Would you care to explain more deeply how does your battle algorithm works especially for automatic battles? What are the factors that affects the outcome of each match? What do you recommend for us to upgrade and focus on to increase our chances of winning?

Mia: Thanks for asking, I can see you are a Binapet player, thanks for supporting us in early stages ❤️❤️❤️ This is a really good question, we will release all details next week about battlefield, what I would like to suggest is that, you can strengthen your dragons with the battle attributes.

You can see that there are attributes of dragons including attack, defence, speed, health, all these attributes work and can play an important role in game.

We could get our cute dragons prepared before the battle😀

Mary | Satoshi Club: What is the most expensive dragon which was sold on marketplace?

Mia: Thank you for asking, actually in marketplace, players can trade freely as they want. I can see that the most expensive dragon on shelf in marketplace now is a rare one, that is level 3, about 70000BPET.

Andrés M. | Satoshi Club: That’s more than 10k$ 😬

Mary | Satoshi Club: I mean completed trade😀 Do you have such stats?

Mia: Haha thank you for asking, actually I think a lot of players will reserve the most rarer by themselves.

Smart players will conserve very rarer dragons in their own hands because they know that the rarer the dragon is, the more profit dragon will bring!

Andrés M. | Satoshi Club: Btw, do you have any clan system into the game? To play with friends.

Mia: Thanks for your great advice, for now we have released NFT farming, next week is battlefield, and in the future, we will release more gaming😀 Stay tuned!

Andrés M. | Satoshi Club: You are at the beginning yet💪
Thank you Mia for your answers, next question is coming ready to go?

Mia: Yes ready to go!

Q4 from Telegram user @DK177:

Although you have passed the recent audit conducted by Solid Proof, the owner of your project still has not renounced ownership. According to the audit report, the function of renouncing ownership is partly verified. What is the reason behind this delay? Do you solve this issue and re-audit the platform in the near future? How do you assure that there will not be unwanted interventions from the owner when the project is running and raising funds?

Mia: Thank you for asking the great question, we already completed audit by Solid Proof before the launch of game as we promised. We have chosen a very good audit partner.

As you can see that we have promised our community to complete audit in presale, and we did everything according to our promise😀 We did not delay in that💕

Andrés M. | Satoshi Club: Great job, security first👏

Mia: Yes security comes first, this is a fair and secured game with a lot of fun!

Mary | Satoshi Club: Yes, we see, but what about not renounced ownership?😀

Mia: Actually in my opinion, Binapet is a decentralized NFT game, from our tokenomics you can see that, 95% project revenue come back to reward pool for all players, the owner or Binapet is all our community members.

Andrés M. | Satoshi Club: Currently, how can we buy BPET tokens?

Mia: It is very easy to get BPET from pancakes.

Andrés M. | Satoshi Club: Pancakeswap?

Mia: For now BPET has listed on Pancakeswap, ZT global exchange, CMC, CG.

Andrés M. | Satoshi Club: Great names, congrats to your team🥳👏

Mia: Thank you and thanks to all our community players! They know this is a good game and fair game, in which they can earn profit and have fun. Also play smart to win big rewards.

Mary | Satoshi Club: Actually CMC and CG isn’t DEX or CEX, it’s only cointrackers😀 And my congratulations with this listings!

Mia: Yes because these 2 can bring a lot of traffics, and players can check that, so we added them in the list.

Mary | Satoshi Club: Sure👏👏👏

Andrés M. | Satoshi Club: Well, are you ready to know the 5th question?😃

Mia: Ready to go!

Q5 from telegram user @JaviSuBs:

Hello Binapet, collectibles and games are very fashionable these days and we are seeing games that say that one is better than another. In Binapet I see that there is something different, that are pet dragon breeding. My question is, how many dragons do I need to be able to raise a dragon egg? And what level must the dragon have to be able to raise the egg and what is the proper level or in what state must the dragons be to be able to reproduce? And what is the possibility of raising a dragon that is stronger, with a higher level than our reference dragon. Is this possible in Binapet?

Mia: Thank you for asking the good question.

Actually it takes only one ancient egg to hatch a dragon out of it. And you can choose to use 2 of your dragons as parent dragons to breed out a new dragon.

In this way, parents dragon will be gone and you will get the chance to have a higher level egg which will probably hatch a higher level dragon.

The higher level dragon means higher attributes upper limit, means can gain and win more.

This is the probability chart for your reference:

And yes, the rarer one of the 2 parent dragons will work as reference dragon.

Andrés M. | Satoshi Club:

Mary | Satoshi Club: To breed a dragon I should only have two dragons or also pay something?

Mia: Just use 2 dragons to do the breeding to have a whole new egg. Just pay the gas fee in breeding is ok.

Mary | Satoshi Club: Super!

Mia: Yeah it is a fun game, I could still remember the first time I bred a senior dragon out of 2 common dragons, really make me excited.

Mary | Satoshi Club: I don’t have doubts 🤣 I played such kind of games and it’s really exciting.

Andrés M. | Satoshi Club: Haha definitely I want to try😁

Mary | Satoshi Club: Thank you for your answers, Mia! Ready for the 6th and last question from this part?🚀

Mia: Yep, really exciting!

Q6 from Telegram user @Cheriemike:

You have already provided NFT farming on your platform in which players can pledge dragons in the farm to gain rewards of BPET. My question is, what is the maximum/minimum amount of $BPET token a player needs to stake and what is the charge fee for staking or farming on your platform? What is your farming APY? And I will like to know, does your staking works with POS consensus mechanism to ensure that nodes validators act in good faith?

Mia: Thank you for your good question, we do not set limits for the maximum/ minimum amount of BPET. As long as players have one dragon, they can pledge the dragon in the farm and gain reward in NFT farming.

Also the APY formula is that:
Reward per block (include ancient egg) x dragon current energy / dragon energy full capacity x 28800 (daily block produce) x 365/dragon price ( common 0.3bnb, senior 0.6bnb, rare 0.9bnb…

You can see that the upper limit the dragon has, the more APY it can gain. That is why a lot of players are breeding to higher level dragons to gain more.

Also we are a Dapp on BSC.

Also we have checked the record of the highest traded dragon in the marketplace, it is about 75000 BPET!

https://bscscan.com/tx/0xa6255507569a23285504043ce8a56331ae358326c4af7be2a2a264a00125ca20

Mary | Satoshi Club: Wow💸💸💸 Thank you for sharing!

Mia: It is our pleasure😀

Andrés M. | Satoshi Club: Thanks for the explanation, could you share your roadmap with us? We are excited to know what else is coming😃

Mary | Satoshi Club: How many players approximately do you have now?

Mia: Great to introduce Binapet to you, this is a great game!

Andrés M. | Satoshi Club: Well @BinapetMia, the time to interact with our community has coming, the live segment of the AMA, I hope you are prepared to receive a ton of great questions😁🥳

Mia: Yep really look forward!

Mary | Satoshi Club: Let’s go🚀

Part 2 — live questions from the Telegram community

Mia: First we can use BPET to buy ancient egg then we can start the game to hatch a dragon out of egg.

Also we have marketplace in Binapet, all players can trade their assets freely in BPET. And you can buy props in shop for coming battlefield.

Q3 from Telegram user @K2ice:

What are the necessary requirements to breed a dragon?

Mia: This is very easy, just start from buying one ancient egg in Binapet shop, and when you have 2 dragons you can breed to higher level.

Q4 from Telegram user @potentialsake:

Do you plan to list Binapet DeFi NFT game on Binance?

Mia: Of course we are aiming at it, we have long term development plans.

Q5 from Telegram user @LuisPagulayan:

During the starting of the game, how many pet dragons I am allowed to hold, and if this initial pet that I have, upon getting new ones, can I dispose it to get a different one? But first, how do I get these pets? Do I need to buy it, or earn it through continual gaming?

Mia: It is easy to go, can start from owning an egg from shop. And there is no limit of holding dragons.

Q6 from Telegram user @vedamatrix:

Where and how can I buy “dragon eggs” and “props” from exactly?

Mia: You can enter Binapet Dapp from your wallet and then click shop, you can buy it easily. Also can exchange BPET in Pancakeswap.

Q7 from Telegram user @surendra040:

I am new to your platform, what mobile wallet can I play your NFT game in mobile? Do you support Metamask or not? Is it free or should I need to pay?

Mia: No need to pay for that. For example, it is easy to use Trust wallet, TokenPocket wallet to play. Of course supports Metamask.

Q8 from Telegram user @messilolz:

Do you have a community for non English speakers? What are your plan for expanding your community and how important is community for you?

Mia: Yes of courses, we have non-English community like Indonesia, Vietnam, Chinese etc. We are working very hard to expand our community. For example, we are doing 5 AMA in coming week and plan to do one AMA in an Arabic community.

Q9 from Telegram user @Amila19932:

Are you a global project or a Chinese project? We all know that DRAGON is a very favourite in China. Can everyone all over the world join BINAPET? And you have a Chinese telegram group already. Do you prefer the Chinese community? What are the plans on making local communities on other countries?

Mia: Thank you for your great question, yes, dragon is popular in eastern countries. Also dragons are very popular in western countries, for example, you can see dragon image in blizzard games😀

Also we have community members all around the world, we have planned to build our community in different languages to support our players in non-speaking regions.

Q10 from Telegram user @sscpaster:

As I see the game is already launched. Can you tell us how can I access on the game? What are the requirements and do I need to invest first?

Mia: Thanks for your great interest, it is easy to access, here are the links:

• https://t.me/binapetcn
• https://t.me/BinapetMalaysia
• https://t.me/BinapetIndonesia
• https://t.me/BinapetVietnamese
• https://t.me/BinapetPhilippines

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:

• English Telegram group: https://t.me/Satoshi_club/
• Russian Telegram group: https://t.me/satoshi_club_ru/
• Spanish Telegram group: https://t.me/satoshi_club_spanish/
• Telegram Channel: https://t.me/satoshi_club_channel/
• Twitter: https://twitter.com/realsatoshiclub/
• Website: https://esatoshi.club/

Our partners:

• Website – https://binapet.com
• Channel – https://t.me/binapetchannel
• Telegram – https://t.me/binapet
• Twitter – https://twitter.com/binapet
• Documents – https://docs.binapet.com
• Games – https://binapet.com/m/#/shop

We are pleased to announce our next AMA on September 3rd 2021 at 03:00 PM UTC Time: Satoshi Club x Mindmusic Finance

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Mindmusic Finance Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 5 questions. Mindmusic Finance Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Mindmusic Finance

For more details:
Mindmusic Finance Website – mindmusic.finance
Mindmusic Finance Telegram – @mindmusicbsc
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on August 31st 2021 at 03:00 PM UTC Time: Satoshi Club x Matrix

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Matrix Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Matrix Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Matrix

For more details:
Matrix Website – matrixswap.io
Matrix Telegram – @matrixswapofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on August 25th 2021 at 03:00 PM UTC Time: Satoshi Club x GameFi

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join GameFi Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. GameFi Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about GameFi

For more details:
GameFi Website – gamefi.org
GameFi Telegram – @GameFi_Official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Rich Duck, a token designed for reestablishing a new capital structure and a new virtual world in Metaverse. The AMA took place on August 21 and our guest was @RichduckArmy – CMO of the project.

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 COMMUNITY QUESTIONS

Richduck: Hello Satoshi club, I’m very glad to be here.

D. | Satoshi Club: very nice to have you here.

Mary | Satoshi Club: Richduck, please introduce yourself and tell us more about Rich Duck.

Richduck: OK Hello, Satoshi community. I’m glad to be here. I’m Emma, CMO from Richduck team.

We started Richduck 3 months ago and the idea of RichDuck has been in our mind for many years. Our founder team has voluntary experience in Africa and has the same mission to help people getting rich in a crypto way. Since all of our team members started from a humble beginning and got rich by investing in cryptocurrency, we want to help people get out of poverty by joining us. I entered crypto because at that time I was surprised and impressed by the innovation of bitcoin and many crypto innovations afterward.

I decided to follow the trend of decentralization and started my career here.

Mary | Satoshi Club: Nice mission sure, you will tell more details about this during today’s AMA. Will it be easy to make people rich? What difficulties do you face on your way?

Richduck: Of course it wasn’t easy and we had a lot of problems with development, not a lot of people knowing about us and so on, but we worked through it step by step.

D. | Satoshi Club: and by the way, how you would describe your project? is it a meme coin or more than that?

Richduck: $RICHDUCK is not only to be a meme coin. It’s a deflationary token that you would earn increasing value by more people joining the system. However, holders could enjoy DUCKMetaverse by using $RICHDUCK.

Q1 from Telegram user @igervacio

I read in a publish0x article that the RichDuck token was officially launched on August 18 at 7:15 PM UTC with an initial LP size of 600-700 BNB. In that article I saw several users asking a common question: RichDuck has the necessary legality to take that name from Disney? which made me seriously consider the repercussion that the project could have due to any demand for image rights, how does the rights work author in relation to tokens like RichDuck? your file will not face any demand for the name?

Richduck: Yup, $RICHDUCK has fair launch on August 18 at 7:15 PM UTC. Our duck image is not entirely Disney. We took inspiration from that and created a different duck with a professional design team. So we are fully compliant and there is no authorization issue. RICHDUCK’s Scrooge is a brand new duck, Done.

D. | Satoshi Club: your duck looks exactly like scrooge mcduck from duck tales.

Richduck: Yup, we designed our own logo and content story. It’s a completely different story and background.

Mary | Satoshi Club: Recently pepe nft collection was removed from opensea market because of copyright claims.

D. | Satoshi Club: are you serious?

Richduck: Copyright is very important; our lawyer will help us avoid infringement.

Mary | Satoshi Club: Pepe the Frog Meme NFTs Removed From OpenSea After Copyright Dispute – Decrypt https://decrypt.co/78788/pepe-the-frog-meme-nfts-opensea-copyright-dmca

Q2 from Telegram user @Highpee

One of the interesting aspect of your project is that you said you want to rebuild the world in a new metaverse by the time you get to Stage II of your project. It is said that in this duck metaverse, people will be able to redesign orders, rules and classes but not everyone will be able to own land in these metaverse. Can you explain what orders and class stands for in this metaverse world? Who are the category of users that will be able to acquire land in your rebuilt world of Duck metaverse? What will be the benefit of owning land and social order in these metaverse and how can it contribute to financial freedom?

Richduck: It’s a good question.

Yes, we plan to build the DUCKMetaverse by the time we get to stage 2. The Metaverse will include rules and classes. orders and class in this metaverse world means that if you hold more $RICHDUCK, you will have higher status. The highest class will enjoy the largest dividends.

If you own land you can raise more ducks to trade, to produce tokens. It will be very interesting. Look forward to it.

D. | Satoshi Club: when you planning lands sale?

Richduck: Holding $RICHDUCK around November will give you genesis land.

Q3 from Telegram user @Asela1112

I couldn’t discover details about Rich Duck Team members on your website. Guys, are you a team of following anonymity? I know some projects gain more exposure & succeed even they follow anonymity. But it leads to lack transparency within community. So how will you surpass this situation? Will you reveal yourselves in future in order to add more transparency within Rich Duck ecosystem? What are the privileges, you got being as an anonymized team?

Richduck: Yes, we are an anonymous team. Our team includes developers, investors and marketers. We believe that in the crypto world, code is everything, and good projects don’t necessarily require real names.

Mary | Satoshi Club: Can we trust your code? Did someone audit it?

Richduck: We see a lot of good Meme projects that don’t have real-name team， and that doesn’t matter because they’re completely community-driven. $RICHDUCK is also a community driven project, which is fairly started.

Yup Everyone Could check it. An audit is under way, Plus, our tokens are 100% in circulation and no one can control it, Done.

Mary | Satoshi Club: Did you already know who will audit it?  Can you tell us the name of audit firm?

Richduck: Sorry we can’t reveal it yet. As we only have one token online and the development work is not complete yet.

Mary | Satoshi Club: Really? Can you tell us more about it?

Richduck: OK, let’s check out the tokenomics: In every transaction, the platform tax 15% of the transaction, of which, 12% for buyback and burn immediately. The deflation is to increase token value.

1% for holder dividends. Holding is earning. 1% for marketing to involve more Richduck members. 1% for development. As the tokenomics shows, each Richduck holder can benefit from new people joining (i.e. the burn mechanisms and dividends). You can predict the positive growth of the token price by the model design. Thank you.

Mary | Satoshi Club: So, how much wealth did you already distribute?

Richduck: We just go online. We have burned 314,077,106,993.78 $RICHDUCK!  More Duck, Be Richer. https://twitter.com/RichDuck9/status/1429013448021606400?s=19

Q4 from Telegram user   @victorogb

RichDuck has specifically outlined three core ways to join the RichDuck army; by buying or holding RichDuck tokens, by creating sufficient hype on social media and by been a contributor. For a community governed project like RichDuck, these processes are key. With specific reference to project growth and contributory efforts of community members, how will the RichDuck DAO system, create and enable the most basic form of influence and decision making from every single token holder, and how does RichDuck empower and incentivize its social army for an effective social media hype?

Richduck: Yes, it’s an important question. We actually did a series of activities to build our DuckArmy.

You can be an ambassador, build your own army. You can also make memes for us to earn tokens. Holders can vote in the future to determine the future development of the project

D. | Satoshi Club: if you token plays a crucial role in your ecosystem, then why you burn it?

Richduck: Because we are a meme coin. We have a total of 1,000 trillion. In order to be a deflationary token that brings the holder up, we choose to burn.

Q5 from Telegram user @yellowchamp

RichDuck plan to launch a Launchpad function and NFT mining in your platform for this upcoming 4th quarter of 2021. So, can you tell us more about the Launchpad function that you plan to launch? What is the structure of this Launchpad and how will it be implemented in your platform? What kind of projects you are considering to be part of your Launchpad? As we know that there were already many Launchpad existing in the market, how would RichDuck Launchpad compete those existing? What will be its ambitious feature? For NFT mining, what will be its mechanism? Can you also tell us how will RichDuck implement and establish NFT mining and what will be its perks to attract more users in your platform? Thank you.

Richduck: let’s go. $RICHDUCK’s Launchpad will be different from others. The biggest difference is the service for meme coin.

We found that with the growth of Meme, more and more teams wanted to build meme projects, but many teams with good ideas did not have enough funds and market support. Our Launchpad will live for it.

D. | Satoshi Club: so you want to create more coins without real use cases? meme coins.

Richduck: Nope, we don’t create other coins. We just found a niche, we helped other teams with ideas, who knows if they could be the next $Shib?

D. | Satoshi Club: sometimes I think we have too much meme projects on market nowadays.

Richduck: You’re right! We will help $RICHDUCK holders choose a better meme project.

Mary | Satoshi Club: I want to see your Launchpad live.

Richduck: You Could Follow Us for More Information. https://twitter.com/RichDuck9?s=09

Q6 from Telegram User @babuxxx

In your roadmap there is an objective related to the improvement of the project and a test of the website through multiple platforms, these mechanisms are sometimes complex and it is necessary for users to have a little more informative details, how can we improve the RICHDUCK mechanism and through which platforms can we carry out the respective test on your website? You have also thought about joining the dApp market. What kind of dApp do you want to launch and how will this dApp benefit RICHDUCK monetarily?

Richduck: Yes, we have launched richduck.io, but the metaverse product takes a long time to develop, so we haven’t offered a chance to test it yet. You can watch us and be patient, richduck.io

Mary | Satoshi Club: Do you plan to offer your ducks some incentives for testing in the future?

Richduck: Of course, we’re going to give a lot of motivation.

D. | Satoshi Club: for example?

Richduck: For example,

1. Launch a test whitelist campaign to reward long-term supporters.
2. Players who participate in the test will receive an airdrop reward.
3. The holder of an opinion is given a special reward.

---

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.

Q1 from Telegram user @Sourava12

What benefits I can enjoy being a Richduck-Ambassador Can you talk about Application procedure to be a Richduck-Ambassador?

Richduck: We recently launched the Ambassador Program, where you can earn tokens and build your own community by becoming a $RICHDUCK Ambassador. More information: https://twitter.com/RichDuck9/status/1428940026809786371?s=19

Q2 from Telegram user @brjh2000

What is the total supply of this tokens? Can I buy your tokens right now and also which wallet support your token? Trust and security is very important in any business. What makes investors customer and users safe secure, when working with your project? Thank you, sir.

Richduck: $RICHDUCK’s total supply is 1,000 trillion. You could buy it in pancakeswap.finance

Our token address: 0x09Eab30000635F514CBAf07564CC46FF1a95933d. Our token is 100% circulating.

Q3 from Telegram user @Zohaya

In each transaction the platform taxes 15 %, 12 % of which are immediately used for buying and burning, 1 % for holding dividends, 1 % for marketing with more Richduck members and 1 percent for team development. Is this not a very high fee and will it not lead to a very high fee for your project? Why was your project starting at 15 percent? Is this number decreasing in the future?

Richduck: We chose 15% tax because it helps our token deflate better. Of that, 12% is used for buyback and burn immediately. This will allow the token to rise better. Holders can see significant token appreciation.

You could check its price: https://poocoin.app/tokens/0x09eab30000635f514cbaf07564cc46ff1a95933d

Q4 from Telegram user @Indomiekuy

Reading from today AMA with Rich Duck project, I have question about your token sale, any info about how to join Presale or Public Sale? What are the requirement to join to buy your token?

Richduck: Thank you, there are no presale and public sale. You could buy $RICHDUCK by Pancakeswap. Token address: 0x09Eab30000635F514CBAf07564CC46FF1a95933d (15% slippage)

Q5 from Telegram user @Asela1112

Your First mission is reaching 10,000 $RICHDUCK holders. Currently you have 588 $RICHDUCK holders within a short time period. So what are the strategic methods will you deploy to reach the balance holders? After reaching 10,000 holders will you stop the marketing about $RICHDUCK? I mean, will you abandon the $RICHDUCK token?

Richduck: We have done a lot of activities to realize this vision. For example, the Ambassador program, the Meme contest, comment Elon.

We will not stop marketing plans. We’re constantly working with other community and projects to make it be true.

Q6 from Telegram user @Gemshunter22

For a new investors attraction to your platform Does your project has planned for a buyback and burn of tokens to increase attraction of your project?

Richduck: Of course, 12% of tax will be used for, buyback and burn immediately.

Q7 from Telegram user @mucana

What is the main role of the $RICHDUCK token? What are its real life uses? Where can I get your Token now? Will I benefit in the long run?

Richduck: The main role of $RICHDUCK is buyback and destruction mechanism. You could buy $RICHDUCK on PancakeSwap. You can check out our price movements it’s very nice. Long-term holders will get richer.

Q8 from Telegram user @Lovely_DC_67

Q) What are the rules and regulations in your group? Can you share it here?

Richduck: No rules and regulations. The holders control everything.

Q9 from Telegram user @tigertiger201

What is your vision behind your project?

If the tokens dump after launch what will you do?

Richduck: Our token’s price is very nice, if our price goes down we’ll buy back more tokens. Our vision is to be Meme Metaverse.

Q10 from Telegram user @bablu288

Q) What kind of celebrities do you wish to contact? By joining with you, what type of advantages or privileges do celebrities receive?

Richduck: An audit is under way.

---

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Rich Duck A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

For more information and future AMAs, join our Social Media channels:

• English Telegram group: https://t.me/Satoshi_club
• Russian Telegram group: https://t.me/satoshi_club_ru
• Spanish Telegram group: https://t.me/satoshi_club_spanish
• Telegram Channel: https://t.me/satoshi_club_channel
• Website: https://esatoshi.club/
• Twitter: https://twitter.com/esatoshiclub 

Our Partners:

Twitter: https://twitter.com/RichDuck9

Telegram: https://t.me/Richduck_global

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Alchemy Pay, the pioneer of the world’s first hybrid crypto and fiat payment solution. The AMA took place on August 20 and our guests was John Tan, CEO of the project.

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 COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Alchemy Pay! Welcome to Satoshi Club.

John Tan: hello @madamlobster thanks for having me. happy to be here to share with everyone what Alchemy Pay is all about.

Gold Rocket | Satoshi Club: Introduce yourself please. How did you get to be involved in crypto & Alchemy Pay? Tell us please about your position in Alchemy Pay?

John Tan: I’m the CEO of Alchemy Pay and have been with the project since the early days – start of 2019. Then, our products have not even been launched and crypto payments is still in its nascent stages where there are few actual use cases.

I came from a background of consulting across the technological and finance sectors, and not too long ago, I was a business development manager for a humble startup that pioneered mobile car grooming here in Singapore. I always thought that my client-facing roles and startup experiences instilled in me the importance of focusing on creating value for our end users.

Gold Rocket | Satoshi Club: What is the essence of Alchemy Pay?

John Tan: The focus on creating value led to voluntarily put myself into various departments, from products/operations/risk management/ compliance to ensure we can deliver a world-class product to our end users which are mostly businesses, developers and enterprises with huge merchant networks such as Shopify.

A short and succinct reply could be our mission – to bridge the gap between crypto and fiat economies. Alchemy acts as the bridge between the gap of crypto and fiat to drive crypto/blockchain usage. Be it in payments, investment or other sectors. our well-established hybrid crypto and fiat infrastructure empowers us to be that bridge.

Mary | Satoshi Club: So, you started to develop Alchemy Pay in 2019, can you tell us what are the most difficult obstacles you have overcome on the way to today?

John Tan: The constant challenge would definitely be regulatory environments. Crypto regulations have remained fairly grey in most markets and poorly defined. Fortunately, our founders have decades of experience in the payment industries and understand the kind of KYC/AML processes we need to collect from businesses we deal with in order to stay compliant. Additionally, we are well connected in this space – this allows us to either partner with someone with a license to operate, or acquire a license ourselves in a much shorter time.

Gold Rocket | Satoshi Club: Also we would like to know more about your team. Who is on the project team core?

John Tan: I’d share perhaps just a few examples since there are too many to list, but effectively, the senior leadership team members either come with a stellar background in the payment space or fast-evolving internet products. Our chairwoman, Molly Zheng, who was our last CEO has over 20 years of payment experience from PayPal, MasterCard and QFPay.

Our co-founder Shawn Shi, was the youngest ever VP from ZhongAn – which is one of the fastest growing insurance companies. They are acting as my strategic consultant and provide me with the networking we need to secure partnerships with industry giants like QFPay, Shopify, Binance, Huobi and more.

Q1 from Telegram User @andrey_seleznov

Hi Alchemy!

I’d like to learn more about your payment gateway and how it deals with price volatility that is an integral part of the crypto space. Crypto assets are volatile, some more some less but we are all too familiar with sudden pumps and dumps that can occur on the market in a matter of minutes. How do you solve this problem if conversion rate cannot be maintained during transaction processing time? Do you warn users beforehand and require acceptance that the price is not guaranteed? Or do you have your own pool that dampens the volatility and allows for a safe transaction completion at an agreed upon price? Or do you stop and fail transactions that encounter high price fluctuations and fall outside of the expected price range?

John Tan: This is an excellent question. This doesn’t just concern risk management (mitigating volatility) but more importantly, user experience.

If we have to wait for at least 1 block confirmation for a Bitcoin transaction, it will take at least 10minutes for the transaction to be approved. Poor experience for both merchants and payers = poor use case = low adoption.

Mary | Satoshi Club: So, you are telling that you have excellent speed?

John Tan: This requires us to be creative such as:

– work 2nd-layer solutions into our system, such as accepting Bitcoin over the lightning network

– selecting only strategic tokens to be accepted that has lower block times

– conducting direct integrations with wallets (i.e. Binance Pay) for instant transactions and zero gas fees

– preparing a pool of operating capital assets on exchanges to ensure the real-time liquidation. for example, 0.1ETH is received, instead of sending this 0.1ETH to exchanges to sell into USDT. We prepare ETH in advance on exchanges which is sold automatically via API integrations.

There are many more of such strategies but effectively, we need to place emphasis on user experience, otherwise, no merchants will want to accept crypto and no payers would consider paying with crypto.

Q2 from Telegram user @Karry1999

 As Payment is one of the popular application areas of the blockchain, and many innovative projects have emerged. Can you give a brief comparison of Alchemy and Existing Blockchain Payment Platforms simple words?

How Alchemy meets the needs of large-scale commercial application and what are the payments and settlement modes of. Alchemy platform? Can you also talk about the product features of the platform?

John Tan: We’d like to focus on strategies as our main differentiators. Alchemy Pay focuses on the following: 1. Adding value to our merchants (why should they use our solution) – our hybrid model enables merchants to accept both fiat and crypto. This is important as merchants have reservation in just accepting crypto especially at this early stage of crypto industry. Many partners choose our solution because they can accept both fiat and crypto, and no matter the payment method – they receive their local fiat current in their bank account directly. This is made possible by establishing partnerships with exchanges, OTCs and global remittance companies.

2. Scaling fast (more merchants accepting our solution) – Alchemy has a top-down approach, meaning we work with only the best and largest industries no matter on the merchant side (QFPay/Shopify etc.) that gives us access to millions of merchants per integration, or the consumer side (e.g. Partnership with Binance with 60+M users, as well as other partnerships that we will announce in the near future). This ensures real world use cases are established quickly and reliably.

3. Low cost to use our service – Be it via an API, SDK, Plugin, merchant mobile app, businesses can easily access our service from anywhere around the world. If they want to use our payment system, they can do so by downloading the merchant app after conducting KYC with us. No need to purchase any devices. To give an idea, our handling fees are typically between 1-1.5% compared to 2%-3.8% for credit cards. We also pay out to merchants in T+1 to 3 while cards are T+7-14 to mitigate any cash flow problems to merchants.

Q3 from Telegram user @Jmagsss

I am very interested on one of Alchemy Pay’s feature which is the “Asset Certification and Token Issuance”, where Alchemy intends to provide certification agencies and token issuers assurance by helping the asset owners tokenize their assets, thus, improving both liquidity and tradability amongst buyers and sellers. My question is, does this feature works on both liquid and illiquid assets like commodities, stocks, cars, real estate and housing? Also, how would Alchemy pay verify and check if an asset owner really does have the certain asset that he/she wants to tokenize? Can you explain the algorithm for this feature?

John Tan: This is a VERY interesting subject – which explains why 2019 and 2020 STOs and security tokens have been hot topics. But regulations have been show stoppers for this revolutionary play.

It’s not as simple as algorithm, in fact, technical expertise is the easiest piece of the puzzle. Alchemy Pay’s team can easily work with asset holders to determine what platform to issue their tokens on. But we need other key partners in this whole flow – from legal, brokers, secondary liquidity providers (crypto exchanges/digital asset platforms), regulatory approvals before anything can happen.

Mary | Satoshi Club: So, you will use third party services?

John Tan: A quick overview of the flow is:

• 1. Deciding the jurisdiction, deciding of funds to be raised – a lot of legal efforts required here
• 2. designing the offer (structure of tokens/rights etc.) and representation of ownership of each token
• 3. Only now then you decide on the blockchain to use
• 4. Planning of secondary liquidity.

It’s a lot more complicated than this but Alchemy team has experience in capital markets-.

Hint: we are currently negotiating a real estate STO deal with a conglomerate as a consultant and technical solution provider. That said, its lengthy process which we need to proceed diligently. We will be leading the project, acquiring 3rd party professional services as required, and providing technical solution/advice.

Q4 from Telegram user @NataliyaKil

Your payment protocol rewards us and our customers with ACH tokens for every crypto transaction. So, please tell us about the reward programs for Alchemy Pay users. After receiving the ACH Tokens reward, how can we use it? Besides transaction rewards, what other ways are there to earn ACH Token? And what other programs do you offer to your community: a loyalty program, an Ambassador program or a referral program?

John Tan: At present, our incentive mechanism focuses on one main goal, actual usage and demand for our services (which require the pledging of ACH). Enterprises with merchant network are rewarded for scaling our merchant network size and contributing transactions on our network. These transaction requires fees to be paid, which can be done in ACH for a fee discount. We are currently building a reward system for our community that can help drive usage of our services. For instance, community members connecting us with payment companies or major brands with huge transaction volumes will receive ACH rewards. Stay tune to our Twitter for more information!

Q5 from Telegram user @Highpee

In order to facilitate smooth payment solution, you have released Alchemy Payment App. This app can function as a crypto wallet and users can use it to buy and receive crypto by registering with your email. However, some users have observed that despite the fact that this wallet app can be used to hold crypto, there is nowhere to access their seed phrase or private keys. Apart access to account password, why can’t users have custody of their private keys or seed phrase? Who is responsible for securing these sensitive data and how can users be assured that these information is in a safe place? What type of email do you support as I am having difficulty receiving OTP using my email address? And since am stuck at registration and cannot explore the app further, can you explain more about the game and reward system of the app?

John Tan: Great question! This is a good opportunity to clear up a common misconception – this sounds like a wallet app which we have put together for consumers. However, this is not the core offering. Our core payment solution is directed for merchants. For instance, once our integration with Binance Pay and Shopify are completed, Shopify merchants simply selects us as one of the alternative payment partners and can begin to accept cryptocurrencies without even having to understand how it works. We understand that our wallet app for consumers/investors require more work to improve user experience. However, all hands are on deck to ensure project delivery for our enterprise solutions. We are currently looking to hire more developers so we can allocate more resources to work on this wallet app – it will certainly be improved but we need to be mindful of our priorities. After all, organic demand for ACH doesn’t derive from our consumer wallets but the enterprise solutions.

Mary | Satoshi Club: So, in the future you can give your customers access to their pks?}

John Tan: With that said, some of you may already know this but we are working on a significant partnership now to build an infrastructure that can service retail and institutional investors. It will be a simple platform where both retail and institutions can access fast and easy access to crypto investment, DeFi yield products as well as traditional services such as ewallet and remittance services – all in a single app. Users do not even need to understand blockchain as we will make it easy to use with clear benefits stated.

As stated before, we want to drive adoption of crypto/blockchain. We need to target the masses that are not already in the crypto world. This will be happening if we provide direct fiat access and take out all the Defi/crypto/blockchain complicacies.

Q6 from Telegram user @Tony253210

 One of the KILLER features of Alchemy pay is possibility of the DApps to pay with tokens Instead of assume the Gas costs, so How this can be possible?

John Tan: I think we have covered this earlier. Alchemy’s hybrid payment system can support on-chain transaction for ANY cryptocurrencies as long as we can find liquidity for it. That, however, is not the main consideration. It still goes back to user experience. therefore – integrating with major wallets like Binance Pay, 2nd layer scaling solution, blockchain analytics will be the way forward for us.

We’re very optimistic for our Binance Pay and Shopify partnership, connecting 60+M users to 1.75M merchants in 1 integration. We are truly driving a revolution for the crypto payment space.

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.

Q1 from Telegram user @Ratash97

Alchemy support many fiat currencies so my question is how easy it is to make withdraws on local currencies and do we need to pass a verifications and is there a limited amount for withdraws?

John Tan: This is an excellent question. Alchemy relies on a global top B2B remittance partner (currently under NDA but will share once both parties approve it) to achieve this – they will take care of forex at near spot rate and be able to pay out to our merchants directly into their bank accounts. Since this is a B2B service, limits are set way above what we need. However, we need to do stringent due diligence when onboarding merchants/merchant networks.

Q2 from Telegram user @ Ronaldo_super

Who will be your next business partner? Do you want to make a partnership with Binance?

John Tan: The next partner will be a conglomerate that will drive our business in the Middle east region.

Q3 from Telegram user @hsyin1

Is it possible for you to integrate with global shopping platforms such as Alibaba and eBay?

John Tan: Yes. Our business pipeline is full for 2021 but we will try to expand our team and secure more deals. Of course, quality of our service delivery has to be top notch. While it will take more time for us to execute, we would rather ensure quality for our partners – this mindset is most likely we are able to secure partnerships with global leaders such as Binance Pay and Shopify.

Q4 from Telegram user @AaronBurn1

You mentioned your fees are between 1 and 1.5%. I work in the payments industry and know that there are many interchange rates that are higher than that. How are you able to offer rates that are below the typical interchange costs and still maintain profitability? Is it just offset elsewhere and you take a hit on the interchange costs?

John Tan: Glad to answer a question from a fellow industry mate, cryptocurrency payment and settlement flow is much simpler compared to the traditional payment flow for card payments which have many middlemen from card issuers, card networks, merchant acquirers, settlement parties, processors (and there’s a lot of back and forth between these players).

For a crypto transaction, it goes from Payer -> Alchemy -> OTC -> Remittance partner -> Merchant.

Q5 from Telegram user @xxxxxxxxx12112

Who are your potential customers what market are you targeting?

John Tan: I think this would be a good opportunity to shed light on our presence. It is true that we have capabilities to serve numerous countries in regions. For instance, we can go through a payment partner to provide crypto acceptance to a merchant in London. But that is not our strategy or what we are doing – it’s simply too slow. We have now built our capabilities, and carefully selecting partners that grants us the massive merchant network with the least amount of integration.

If we spend 1-2 weeks to integrate with conduct POS integration with a group of 10-20 merchants, we will take forever to scale our service adoption worldwide. In short – we build global capabilities then select global leaders to partner with.

Q6 from Telegram user @cindy_crypto

Crypto means freedom so why does you require KYC/AML processes from your users?

John Tan: If merchants are willing to accept crypto/stablecoins as settlement, it will be much easier from a regulatory point of view. However, merchants want to be paid in their local currency, into their bank account.

For that to happen, there’s conversion from crypto to fiat and usage of remittance corridors – this is when regulators step in to ensure licenses/KYC/AML processes are already in place. Regulations is inevitable. We might as well embrace it sooner so that governments across the world are comfortable with us delivering our services in their jurisdictions.

Q7 from Telegram user @nuralomyasir

I will invest in you. However, there are many fake websites or Page. So How can I recognize your website or page? Please share your website link.

John Tan: Our website is www.alchemytech.io

You may find more information on us as well as exchanges we are listed on via CMC: https://coinmarketcap.com/currencies/alchemy-pay/

Everyone, please beware of scammers – do refer to official channels such as our website and Twitter (@AlchemyPay) for legitimate updates and promotions.

Q8 from Telegram user @Kargil1999

How has Alchemy Pay deals with Governments Regulations & actions?

Have You partnered with any Local Govt to work at local level?

John Tan: There has been conversations with governments where Alchemy shares our regulatory experiences in mature/established financial hubs to help them put together their regulatory framework. There’s also discussion on how they can leverage blockchain and our payment system to mitigate frauds especially involving government grants – providing traceability and accountability and transparency from issuance to redemption. Of course – this may take time as governments do tend to act cautiously in the interest of the public.

Q9 from Telegram user @Korryl

what makes you different with other competitor? can you mention what makes Alchemy Pay special and why people should choose to invest in your project?

John Tan: Our hybrid model and top-down strategy. There’s no point in comparing which project has the most sophisticated protocol/tech stack.

Firstly: we are all peers and can learn from each other. If crypto adoption doesn’t take place because payment projects doesn’t drive use cases globally, EVERYONE (including investors) loses.

Secondly: if you must compare – the greatest indicator would be partnerships and merchant network count.

Q10 from Telegram user @Kathdm

I noticed that the motto of your website is “Be connected Globally”. Your mission is global. However, among the languages available on your website is only English. Have you considered adding other languages as well? In order to facilitate the use of the platform to users from different countries and regions. I understand that it may be difficult to add all the languages but have you considered adding the most used languages? for example: Spanish, French, German, Chinese.

John Tan: Thanks for your feedback Katherine! We certainly need to do better in helping our investors understand us (this AMA is one example!) – we will look into providing our materials in more languages to mitigate language gap.

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PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Alchemy Pay. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

For more information and future AMAs, join our Social Media channels:

• English Telegram group: https://t.me/Satoshi_club
• Russian Telegram group: https://t.me/satoshi_club_ru
• Spanish Telegram group: https://t.me/satoshi_club_spanish
• Telegram Channel: https://t.me/satoshi_club_channel
• Website: https://esatoshi.club/
• Twitter: https://twitter.com/esatoshiclub 

Our Partners:

 Twitter: @AlchemyPay

Telegram: https://t.me/alchemy_official