Satoshi Club

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from HighStreet, the bridge between virtual worlds, real life and web. The AMA took place on August 16 and our guests was Travis Builds.

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.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We are pleased to announce AMA with HighStreet. Today our guest is Travis Builds.

Travis Builds: Hey guys.

Gold Rocket | Satoshi Club: Let’s start! Introduce yourself please. How did you get to be involved in crypto & HighStreet?

Travis Builds: So the story of HighStreet is a little more interesting, my background is in Computer Science and I met my co-founder in Draper University @San Mateo in 2015 where we founded a traditional equity based VR company called LumiereVR. At Lumiere, we use our computer vision technology to help brands and retail companies turn underutilized real estate into mixed reality experiences. Since our inception we’ve built and picked up a few entities along the way. We have an award winning studio arm backed by Sundance Festival that consistently pushes the boundary of Art and Tech, in fact, last year, my co-founder produced a piece that won an Emmy. In 2018 we also acquired a data analytics company called Retinad Realite Virtulle based in Montreal. Incorporating their gaze tracking software into our metaverse allow brands to receive consumer behavior data in real time. How long a product had been interacted with, how many times a logo’s been seen, every piece of information is natively picked up and processed for brands to help improve their customer experience.

At the same time as the company’s founding back in 2015, I’ve started to invest into Crypto. From BTC and ETH to being one of the earlier buy-ins to the NEO and QTUM ecosystem during the ICO boom. I’ve seen the rise and fall of cycles, re-invested back in during DEFI summer where I got to meet and co-invest with a bunch of great people on our cap table today. As the pandemic aided in the growth of our digital retail business and the NFT craze further edged a lot of our customers into the blockchain space, we rebranded the company as HighStreet and replaced our whole back-end infrastructure with smart contracts.

HighStreet is essentially shopify on an MMORPG game, it allows various brands from HIGH fashion to STREET wear to easily launch their own virtual shops in our metaverse. The game itself is inspired by some of our childhood classics, from Maplestory, Avatar the last airbender, Treasure Planet, and One Piece. From a user’s perspective it should feel just like any other MMORPG game, with monsters to fight, quests to complete, with the only exception that the shops within the world are very much real products from real brands and that it’s built with native VR support.

Gold Rocket | Satoshi Club: Tell us about the benefits of HighStreet. How is it different from others?

Travis Builds: So we’ve built the project from the ground up obviously with a lot of nostalgia in mind but here are some points that we usually highlight as our differentiators. 

1. We are building an MMORPG built from the ground up to support VR natively
2. We are integrating real brands and real products into this world
3. We don’t sell land, but sell real estate in forms of Condos, Villas, even castles
4. Every Product in the game is phygital meaning either you can redeem it for a physical product, or they’re fractional NFTs that allow you to pick either to buy just the digital component or the entire phygital pair
5. Our limited edition product market uses a bonding curve that automates price discovery for new brands as well as guarantees liquidity for buyers.

Andrés M. | Satoshi Club: Which MMORPG inspired you to create High street?

Travis Builds: So I’ve played a lot of Maplestory Growing up, and the idea of the free market there itself was my first intro to commerce I would say. A lot of our colleagues on the team is the same way with a lot of WOW players and early runescape players as well. I’d say all of us are very big fans of open world explorations as well from BOTW to Skyrim, Witcher 3 to Assassin’s Creed. On the Sci-Fi side our big inspiration definitely also come from Ready Player One (the book!) and Sword art online.

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

Travis Builds: So the team’s been working together for over 6 years now since our founding in 2015. Jenny, my co-founder and I met during our time at Draper University, her art background at Sotheby’s and my Tech background made a perfect match in starting a new type of VR company catering to brands. We’re later joined by various other characters as well, from corporates like Mckinsey, to blockchain projects like NEM, from alt asset collectors of the traditional kinds to NFT collectors. The team is approaching40 now rapidly, and over the years it’s become quite diverse. The core values haven’t changed though, all of us are gamers!

https://www.youtube.com/watch?v=wsogJArDhek&t=4s&ab_channel=HighstreetMetaverse Here’s a video of our Crypto Lounge, where heavily inspired by ready player one, users can load up their $high tokens and trade natively in crypto with VR.

Q1 from Telegram User @andrey_seleznov

Hi HighStreet Market!

I am intrigued by the concept of hybrid products that you advertise on the website. Not all will agree that we live our life half online and half in real life. Your market will offer products that are crafted to exist both in physical and virtual form and always come straight from the brands. Do you estimate this approach will work equally well for both crypto holders as well as people who never owned a token? Will such products potentially be able to introduce new users to the crypto space via granting them virtual copies of the physical goods? And lastly, what are the main benefits you consider this hybrid products system brings?

Travis Builds: Hybrid products, or what we tend to refer to as Phygital Products are where we can begin to merge the digital and the physical world together. We primarily have two types of Phygital Products that will be sold on HighStreet.

On our limited edition product market place:

This is based on Ethereum, and when someone makes a purchase they receive an ERC 20 token representing the Product itself. When redeemed this product token is burned and the physical redemption process begins where the Brand will receive an order from their back-end ecommerce system. This market place is geared towards newer brands, perhaps started by influencers. The bonding curve is automating price discovery for them, while guaranteeing liquidity for the buyer. Since all Deposits are stored in a smart contract (besides fees), it makes it easier for newer crypto users to buy with confidence.

Regular products purchased in game:

These are regular items that brands sell regularly, they are tokenized as NFTs and will be on the Solana system. When users purchase these products they are sold in fractions. The first fraction is usually relatively cheap and contains the digital item only that can serve other in-game functions. If a user wants to acquire the physical component, they purchase the other fraction and the redemption process will begin where brands will receive an order from their EC system. The first fraction is essentially pure profit for brands.

Andrés M. | Satoshi Club: Could you share us the most important physical products in the platform? Maybe some pics of it or links to check it.

Travis Builds: So the limited edition product market place will launch a couple days after our public sale (planning for Sept). We will make announcements soon!

Andrés M. | Satoshi Club: Can we redeem weapons, clothes, things like that?

Travis Builds: yes, to all, some products that are real, for example a lipstick from a brand may very well be a sword in the game. By adding special in-game features to real products we can create a better connection between brands and users.

Here’s another clip captured from within a VR headset. Here you can also see a bit of HighStreet City out the window 😉 https://www.youtube.com/watch?v=LnI4_oVLWzA&ab_channel=HighstreetMetaverse

Andrés M. | Satoshi Club: Awesome, which tools are needed to join the world? Oculus rift? HTC vive?

Travis Builds: at the beginning we are supporting PCVR (Quest (2) with Link, Rift, Vive, Index) etc., of course you can opt to play with Keyboard and Mouse as well, but we are hoping to slowly convert everyone into one of us ha! Early next year we’re working a release for companion apps on mobile and browser where you can take a part of the met averse to go. Maybe you’re in-game real estate, you can buy products for and decorate it on your way to work.

here’s another look at a limited edition space lounge that we will be selling soon as well https://www.youtube.com/watch?v=_wmsXFqGQ68&ab_channel=HighstreetMetaverse

Q2 from Telegram User @yellowchamp

According to your website that as we already live our life half online and half in real life. The products on your market are crafted to exist both in physical and virtual form and always come straight from the brands. So as the products on your market are crafted to exist both in physical and virtual form, what would be the difference between the physical and virtual form products especially in terms of quality? Why do you need to sell some virtual form products if the physical form product is available? What will be the use of Virtual form products? How it can be utilized? Does HighStreet has any marketplace where we can access both the physical and virtual product of your platform? As you say that those products are straight from the brands, so can you tell us what kind of products are available in your marketplace for both physical and virtual form? Thank you

Travis Builds: When you get the digital component of the product, your avatar gets to wear/use it in the metaverse. Some products have special features (E.g. Umbrellas that let you fly or glide, pants that let you walk faster), when you redeem for the physical product. The actual umbrella or pair of pants will be shipped to you! Quality wise will be similar to all the footages I’m showing today. I would say selling real products as in game items create the value of the digital products. If the Product themselves is just a 3D representation of the physical product, then there would not be a point to it. Hence why we do have an entire game behind HighStreet!

Andrés M. | Satoshi Club: What payment methods do you accept?

Travis Builds: At the beginning we support ETH/DAI/$HIGH, eventually, it will migrate to purely $HIGH. We do have on-ramp integration so credit card for items < $500 will also be supported.

Furthermore, for the brands, when certain physical products are tied into a game, you augment the utility this product can provide. A shirt is a shirt in real life, but in game a shirt can be a piece of armor. By Selling phygital products as fractional nfts where the first fraction is digital, you open up a new stream of revenue for the brands that hasn’t been explored prior.

Andrés M. | Satoshi Club: I think that is great for collectors to have a unique edition of their favorite item.

Travis Builds: I would say there are different ways to look at it, the digital collection era definitely helped ushered in a lot of people who collect digital arts and nfts. I think for limited edition products especially this could be super valuable. However, I do know a lot of people still, especially those who are a bit foreign to the crypto culture, tend to still prefer physical products. Hence why we make all our items redeemable.

Q3 from Telegram User @victorogb

HighStreet which is a rebrand of Luminiere VR and the first commerce-centered Metaverse, recently launched on BullPerks; August 14th 2021. HighStreet hopes that it’s launch which runs till Wednesday 18th August 2021, will open its futuristic marketplace to users satisfying their gaming, shopping and commercial desires. As a matter of investor and shopper preferences, can you carefully provide us details of your current BullPerks event, why did HighStreet choose BullPerks as its preferred launch platform, and what are the added incentives from members of both communities, and what sort of partnerships would HighStreet consider as project develops?

Travis Builds: BullPerk to me is a really innovative project lead by very experienced people. They are a decentralized VC that distributes the allocation provided to them to their community. The tokens purchased there are locked up the same way our institutional investors are. This provides confidence to me as a founder because with more investors sharing the allocation, its less likely they will all dump at the same time. So to clarify this is not a public sale like those on Polkastarter and Miso. we are working on partnerships beyond brands for sure!

HighStreet consists of many islands each owned and run by brand or partners.

Here’s a quick mockup for example of an island we’re building with FlamingoDAO. each island will have residential areas; each island will allow for brands to launch stores onto. Residences of each island will also have special privileges granted by the Island owners, so lots of opportunities to play to earn.

Here’s our concept of Republic City on Realm Island.

Andrés M. | Satoshi Club: Wow, a big world.

Travis Builds: it will constantly expand as well! We are working with a few game companies as well to build in portals from islands that will connect to other game worlds. But that is a very difficult technical challenge. So aiming maybe for the first bridge to open end of year next year.

Gold Rocket | Satoshi Club: I never cease to be amazed at how deep your project is.

Travis Builds: Ha-ha It’s been a dream of the team, and a work in progress bit by bit over the past 6 years. Every brand we work with; we essentially build a little piece of the metaverse along with it.

The way users move about from island to island uses solar/steam ships. From individual sized ones like this one to full own battleships. They all fly!

Gold Rocket | Satoshi Club: Are you personally the owner of a portion of the metaverse?

Travis Builds: Umm I think this is a bit of a tricky question, our metaverse differentiates from some of the other projects by being a bit more centralized to begin with. That’s because in order to maintain a level of quality we have to build professionally generated assets. However, down the road 3D modelers for example can propose to have a new statue or art integrated on an island, and the residences of that island can vote to either have it included or not.

So in general, although our core team has a lot of control over the metaverse at the moment from bringing in brands, crafting islands, and building cities. Eventually it should transition into being in the control of our users adn residences.

Q4 from Telegram User @bigboicity12

Virtual reality is really a “replanted land” with more applications and better development in different fields and industries of society. Highstreetworld is building virtual technology (VR) for Artists, Gamers, crypto enthusiasts. Currently NFT and GameFi are growing very fast, will Highstreetworld face any barriers when entering this market? What is your plan to exploit the full potential of the market? I don’t know if the Highstreetworld platform is exclusively for gamers? What about non-gamer users? Can they still generate income even without playing your game? If so, what are the other possible ways?

Travis Builds: Yes, VR is a new opportunity for a lot of traditional industries. For Retail, it allows the creativity of brands to sing once again without the constraints of physics or expensive building costs, bringing the joy of brand discovery and shopping as an adventure back to a world dominated by fast E-commerce checkouts.  We are absolutely involved with the NFT and GameFi industry, we have a proof of play mechanism that allow players to earn $HIGH tokens by completing daily quests, we have sponsored quests from brands that allow players to complete certain branded tasks to earn even more tokens, and of course our real estate components are another method for both brand partners and users to earn more by playing!

Regarding non-game users, you can simply buy and sell products on our market place on the browser to make money! If you buy limited edition products, it’s a really easy bet, if one more person buys the product after you, you would’ve made money in theory ha! We also have mobile companion apps coming out for those who don’t have a PC, this not only allow non-core players to provide more content for actual VR users, but also potentially serve as a gateway into our world that will convince them to one day buy a PC Rig.

Andrés M. | Satoshi Club: Thanks for the answer, after proceed with the next question I would like to ask if there are more ways to buy $HIGH tokens?

Travis Builds: There are plenty of ways to earn $High tokens, obviously the exchange is one place! Otherwise:

1. Fight monsters and earn $HIGH from their drops like any open world game.
2. Complete Daily Quests to earn stable amount of $HIGH every day.
3. Sponsored & Special Event Quests – Brands can sponsor quests as well that challenge the community as a whole.
4. Brand activations may pay-out in $HIGH tokens as well, find HighStreet Theaters located in any city to see what is available for watch-to-earn ads.
5. Treasure Hunts are available on $HIGHSTREET as well where the whole community can compete in a game wide treasure hunt. Form parties or compete solo, more to be revealed later.
6. Combat Arenas can allow PVP wagers. Challenge your friend to an archery dual by committing $HIGH Tokens ahead of time. Winner Takes All.

Gold Rocket | Satoshi Club: To be honest, I have not seen such Marketplaces yet. When is the release? When can I put mine on vr glasses and buy something?

Travis Builds: We are starting Alpha this week with early signups and users! I will send video update later today in this chat as well! We just have to record some footages. The goal is to transition to public alpha later this year, and in November try to open for beta. Metaverse is hard! So we are launching the limited edition market place first to slowly ease people into the world.

Q5 from Telegram User @Billz120

On Whale Alert – you did say that you have Incorporated two main forms of defense, the first being by means of the reserve ratio, the higher the reserve ratio between Reserve Token Balance and Product will lower the price sensitivity, this means depending on the product and can tweak the reserve ratio to ensure drastic price swings don’t occur? The second being by means of KYC, which you did said you understand may be a hotly debated issue, and as of now you people have no other means of limiting the amount of the same product each individual can buy, hence open for community suggestions. Does this not mean that the system is vulnerable here and in which case the community would be badly affected? And do you intend to fix this?

Travis Builds: This is a really good question; we have been talking about this internally for a long time. This question is regarding specifically to the limited edition product place. Based on the brand we take in a couple metrics to generate a custom bonding curve. Initial Price and Max supply is the obvious, however the slope of the curve is also determined by the brand. Some brand may want more redemptions and products being delivered to the users’ hands, others may want to have full speculation and see the price go to the moon in a similar fashion to unstocks. For us although we let the brands decide we generally would put a dampener on the pricing function so that the price increase wouldn’t be too drastic. However, no matter what happens buyers will always still have liquidity and can sell no matter what. Our fear is for someone to come in and buy up a bunch of products at once and driving the price up so grass root users cannot afford the item anymore. Hence the KYC measures being put in place. However, I think this is something we have to really experiment with as we ramp up product listing. It may very well be as simple as   limiting products to one per wallet, however if we still see the same issue persist, we may enforce KYC on users. The team wants to provide a fair and fun experience for every buyer, so you can absolutely count on us to be prioritizing the community here.

Q6 from Telegram User @mm_carlos

NFT’s secondary markets like StockX are plagued with logistics overheads. Once a buyer is found, I as a seller, must guarantee the delivery of the product and its authenticity, do these types of cases also occur within highstreet or are your policies different? How does highstreet’s logistics overhead work?

Travis Builds: ha! So this is the exact problem that Highstreet’s limited edition product market solves.

When a user buyer a product on highstreet they get an ERC20 token. That token can be held for when the price goes up and then sold to arbitrage the difference, or it could be redeemed and burned for the physical product. This way traders are only handling the token and not the product itself and can sell that token back to the market at any time he/she wants. The collector on the other hand is the only person who needs to touch the product, and they will always receive it direct from brand, so this way there’s no need for authentication from middle-parties. The bonding curve amm essentially merged the traditional primary and secondary market together removing the logistical nightmares from traders.

However once a product is redeemed, it leaves HighStreet market, and whatever the user does with the physical product is up to them. It may very well end up on stockX or maybe framed and sold as an NFT with Sotheby’s.

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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 Ross

Highstreet.Market is a market place for redeemable limited edition products. The idea of tokens for limited edition products was born with $SOCKS in 2019, and though it is an initiative that would result attractive for even the biggest brands worldwide, is unknown for all of them yet. So as a marketplace specifically for these kind of tokens, who would be the market of High street market right now? Also, the main goal of course is to get huge companies to use these tokens to release their limited edition products, so what is your plan to contact them and develop an effective marketing?

Travis Builds: Highstreet’s limited edition market place is indeed inspired by $SOCKS. Although we work with a lot of luxury brands as mentioned in other answers, this particular market place is actually more suited for newer influencer lead brands. Whereas an established brand may use this as a one-off launch collaboration with an artist, for someone who is new to the apparel business or any business, knowing where your product is priced and valued at is crucial. Lots of influencers are great at building hype but not necessarily good at monetizing it, using the AMM solution we create an automated price discovery mechanism from them. We have a lot of friends in this space, from ASAP Lou of the ASAP Mob who’s starting his Cozy Boys brand, to Jaeson Ma of triller and 88rising, who’s an active advisor to our project.

Q2 from Telegram user Astle

Why do You Bonding Curves Formula is getting Popular is Crypto space? How does Highstreets Solves Logistical & Liquidity problem by using Bonding Curves?

Travis Builds: Bonding curves took off in defi because it removed the middle-man in an exchange. However there are tons of issues with things like “impermanent loss” and slippage, on HighStreet, we actually put deposits from purchases into a vault so that there is always liquidity for sellers as we move up and down the bonding curve. When you sell the liquidity comes straight from the vault. Of course when someone redeems, the vault also pays the brands.

Q3 from Telegram user Rimjhim

How does HighStreet Guarantee the Authencity of any Products? How will you try to provide 24/7 customer support?

Travis Builds: I’m assuming this is from the video. We Guarantee authenticity because products that are redeemed are shipped directly from brands. 24/7 customer support is a way to communicate the bonding curve’s amm to non-crypto natives. We don’t have a middle man making markets for you, if you want to sell, the market will automatically take care of you.

Q4 from Telegram user Alex B

Which one of these aspects is important for you?

1. 1.Increasing Token Price & Value
2. 2.Empowering Platform Development
3. 3.Building Community Trust
4. 4.Expanding Partnership Globally 

Travis Builds: Right now definitely empowering platform development, we want to make sure we can deliver the best products to our community at launch. So we are releasing in phases. Phase 1 is alpha for testers of the metaverse, and the limited edition market place for the public. Then followed by a gradual ramp up of products sold as well as a transition to beta.

Q5 from Telegram user Mars Crypto Community

There are too many thieves who want to scam investors by creating fake Crypto projects. Hundreds of projects are viewed with suspicion because of these fraudsters. How can you, potential Investors, resolve doubts about your project and team?

Travis Builds: We’ve been in business for 6 years and are very public with ourselves. The company was known as LumiereVR before we rebranded to HighStreet this year. Anyone can look up our team and track record!

Q6 from Telegram User Lucky Boy

Can you List 1-3 Killer features of your PROJECT that makes it ahead of Competitors? What is the Competitive Advantages your platform Has that you Feel most Confident about??

Travis Builds: First: Real brands and real products in an MMORPG Game.

Second: Limited edition products sold on a bonding curve, eliminating logistical issues, guaranteeing liquidity, while automating price discovery for new brands

Third: Built from the ground up to support VR natively.

Q7 from Telegram User Gem Lover

Is your project backed up by any investors or ventures? who are your strategic partners and do you have enough funds?

Travis Builds: Yes! We are super fortunate enough to have had a ton of support on our journey from both Traditional and Crypto investors. From HTC on the VR side giving us that major hardware support since the early days of VR, to funds like Mechanism and NGC who provide support on the tokenomics side. We are really humbled to have so many great industry leaders who share the same vision and perhaps childhood nostalgia of living in a fantasy or game world. Our traditional investors like Cherubic Ventures and Palmdrive Capital also play a quintessential role in helping us expand our communities beyond just crypto natives. Their almost daily introductions to leading luxury brands and celebrities alike help us close the gap between crypto and non-crypto users by enhancing our onboarding and user experience design

Q8 from Telegram user Alice

Since the tokens from the marketplace represent redeemable limited edition products, how is it ensured that no token or product can be plagiated and therefore no user can be scammed? What gives the tokens the mark of being original and not replicable?

Travis Builds: Tokens are erc20 tokens kept on the HighStreet Market exchange with a unique ticker. They have zero value elsewhere. The system currently is invite only, so we onboard brands manually. In the future if we transition to a permisionless system, sellers/merchants will have to authenticate themselves via Instagram and other KYC means as well as stake our tokens in order to be allowed to sell. We need to make sure all sellers have the ability to deliver physical products.

Q9 from Telegram user Alex Carry

Given that only a small percentage of gamers use cryptocurrency, how will you integrate gamers who are unfamiliar with cryptocurrency in your platform so that you can reach a wider audience in the GAMING and cryptocurrency Industries?

Travis Builds: This has been one of the biggest questions we ask ourselves too! We built a community on telegram without token giveaways, before this week we’ve been only giving away gaming products and VR products like haptic feedback suits and high-end Headsets. For gamers they don’t need to be very familiar with crypto to play, $HIGH works as any other in-game currency and can be obtained by simply playing the game. We hope as they progress in the game they can slowly explore the crypto aspects of the game’s backend and get into this industry bit by bit.

Q10 from Telegram user Einstein

Usually a project will have feature for buyback & burn to up value for the token, I want to know more about High Street burn system, how the burn work, what possible to trigger burn inside your project?

Travis Builds: We have a 30% pool in which tokens are delivered to users playing the game via Proof-Of-Play. Tokens need to be spent everywhere in game, to maintain your real estate costs $HIGH (a bit like management fees in a condo), to repair your ship after dying and respawning back to the city will cost $HIGH, all of these are sources of burns. Furthermore, we do charge brands for various integrations from Consumer Insights analytics to sponsoring quests, these fees are used for token buy-backs.

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PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about HighStreet. 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:

HighStreet Chat https://t.me/highstreetworld  

HighStreet Twitter https://twitter.com/highstreetworld

We are pleased to announce our next AMA on August 23rd 2021 at 03:00 PM UTC Time: Satoshi Club x Kaby Arena

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Kaby Arena 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. Kaby Arena Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Kaby Arena

For more details:
Kaby Arena Website – kabyarena.com
Kaby Arena Telegram – @KabyArena
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on August 21st 2021 at 01:00 PM UTC Time: Satoshi Club x Rich Duck

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Rich Duck 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. Rich Duck Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Rich Duck

For more details:
Rich Duck Website – richduck.io
Rich Duck Telegram – @Richduck_global
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on August 22nd 2021 at 03:00 PM UTC Time: Satoshi Club x Predator

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Predator 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. Predator Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Predator

For more details:
Predator Website – predatortoken.org
Predator Telegram – @predatortoken_PRED
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on August 20th 2021 at 03:00 PM UTC Time: Satoshi Club x Alchemy

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Alchemy 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. Alchemy Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Alchemy

For more details:
Alchemy Website – alchemytech.io
Alchemy Telegram – @alchemy_official
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 BetU and our guest was @paulrogash. The AMA took place on 16 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

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

Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community!

Today our  guest is @paulrogash

Paul Rogash: Hi Guys. Great to be here.

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club @paulrogash😁

Mary | Satoshi Club: Dear Satoshiclubbers 😉 we want to adk you to watch this video before we will start intro part🎉🎉🎉

Welcome here, Paul! Happy to see you in Satoshi Club 😀

Paul Rogash: The quiz is based off the video, so lets wait 5 minutes to begin so everyone can watch it.

Mary | Satoshi Club: Sure, it’s important 👏

Gold Rocket | Satoshi Club: tell us about yourself … how did you get into crypto … How did you involved in BetU?

Great video 👌

Paul Rogash: I come from a web and marketing background having founded several businesses including Lawyers SEO, Escalated Advertising and MachineSales.com .

I’ve been in crypto about 5 years.

Over the last 12 months, I worked as head of marketing for 2 crypto projects, and took them 30x & 25x.

In May we founded BetU.

Mary | Satoshi Club: 30х and 25x are fantastic results👍

Paul Rogash: I started BetU becuase there is an enormous opportunity in the sport and esport betting industry, and no one in the crypto space has capitalized on it yet.

Gold Rocket | Satoshi Club: Wow amazing background

Mary | Satoshi Club: How far you plan to take BetU?😉

Paul Rogash: I see BetU becoming a leading player in the sports betting industry competing with the likes of FanDuel, DraftKings, Bet365, William Hill etc.

Gold Rocket | Satoshi Club: Indeed…

Mary | Satoshi Club: Everything is possible 👍

Gold Rocket | Satoshi Club: This is a great result.

Mary | Satoshi Club: Could you tell us more about BetU team?😉

Gold Rocket | Satoshi Club: How long does it take to develop a project? What plans do you have for the future? And what can we expect from BetU?

Paul Rogash: Yes, we currently have a 21 with a lot of experience in building large scale web projects.

Our Version 1 of the platform will be released in October. First bets will be enabled on the Machester United v Liverpool game on October 24.

Gold Rocket | Satoshi Club: Oh! I am impressed!🙌

Mary | Satoshi Club: Iove your slogan 😍

Paul Rogash: Our first release will enable betting on Football/Soccer, UFC and Counter Strike.

Gold Rocket | Satoshi Club: I will support Manchester😁

Paul Rogash: We will then open up to most major leagues.

NBA, HFL, NFL, Formal 1, Cricket, Tennis: ATP Tour Etc

Mary | Satoshi Club: Awesome 👍 i should try my luck in betting 😉

Gold Rocket | Satoshi Club: You have huge plans! 👏👏👏

Paul Rogash: In 2022, we will also be releasing a complete interactive casino, both for people to enjoy and also for betting.

A Decentraland type of experience within the BetU platform.

Mary | Satoshi Club: Yes, decentralisation is one of the main things why we love crypto👍

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

Paul Rogash: Yes.

Q1 from Telegram user @Jonathantross

Can you talk about your public sale which is starting on 16 August on your platform ? From where can user register for public sale ? Can you also talk about your token distribution

and what percentage of total is allocated to the public sale ?Can you give information about your team members their experience and qualification who help Betu platform to bring power back to people ?

Mary | Satoshi Club: Partially answered about the team😉

Paul Rogash: People can register for the public sale at ico.betu.io

If anyone has friends involved in crypto, sports betting, or esports, please register on the platform and generate a referral code.

Gold Rocket | Satoshi Club: Don’t miss out on the cool features of Satoshi Clubbers!

Mary | Satoshi Club: Do we have to pass KYC or simply register?

Paul Rogash: You can earn 2.5% on what the referred party buy.

Mary | Satoshi Club: Which currencies we will be able to buy with?

Paul Rogash: To purchase BETU in the public sale you have to pass KYC.

Mary | Satoshi Club: Cool🔥🔥🔥

Paul Rogash: To refer people, you do not have to pass KYC.

The BETU token sale accepts, BTC, ETH, USDT & BNB>

Paul Rogash: 25% of the supply is available for the public sale.

Gold Rocket | Satoshi Club: excellent quantity

Mary | Satoshi Club: Nice, everyone can choose what he wants😀

Paul Rogash: You get rewarded for anyone that you refer who buys BETU tokens.

Mary | Satoshi Club: So, sale will be on your platform, right? If yes, can you tell us how safe is it?😀

Paul Rogash: Correct. Extremely safe, our platfrom is audited by Hacken.

Mary | Satoshi Club: Fantastic 👏

Gold Rocket | Satoshi Club: Thanks for detailed answers. it greatly increases user confidence

Paul Rogash: Tokens will be distributed at the end of the public sale and listed straight onto exchange.

Q2 from Telegram user @JesusFre1tes

Sports betting is a fast-growing industry monopolized by global bookmakers that earn billions of dollars in revenue each year. This is unfortunately the reality. But, since BetU has entered this ecosystem, how will they democratize access and break down the barriers of entry to all types of investors and bettors regardless of their level of capital? Being a decentralized platform, what aspects of the sports betting world are enhanced within BetU?

Paul Rogash: BetU will be the only platform world wide that will offer both peer to peer betting and traditional bookmaker services side by side, this will result in better odds and bigger winnings.

Also unlike traditional bookmakers, we distribute 25% of margins back to token holders in the way of token burning.

We are also the only sports and esports betting platfrom to have it’s own sole currency.

Mary | Satoshi Club: Nice model!

Gold Rocket | Satoshi Club: yes, you are quite unique in this space.

Paul Rogash: In addition, we are gamifying a lot of the betting platform, to signficantly enhance user experience over traditional platforms.

Mary | Satoshi Club: I think i heard about some betting crypto platforms

Paul Rogash: Yes for sure, but they all utilize the major currencies for deposits, or betting.

With BetU the entire ecosystem is based on BETU tokens.

Mary | Satoshi Club: How it will look? You mean you will also have your own games?

Paul Rogash:

Here is a sample of the betting platform for the English Premier League.

For our own interactive Casino we are also having custom games built, based around sports, esports and crypto.

Q3 from Telegram user @KathDM

On your website it says that Referees must hold BETU tokens and are rewarded for their contribution. How many BETU tokens must the Referees hold? And as for the rewards … what will the rewards they receive depend on? Will the rewards depend on the amount of BETU tokens they hold or on each of the contributions they make?

Paul Rogash: The referees are not required for the initial version of the platform as we have partnered with BetRadar to provide all results feeds from all major sports leagues.

When we open up the platform for any type of bet on any type of event, we will introduce the referee system. Referees will be rewarded for providing correct outcomes of events.

Multiple factors, rewards will depend on BETU held, the amount of the bets and their contribution.

Q4 from Telegram User @andrey_seleznov

Hi BetU!

Will $BETU token serve as the only currency on the BetU platform? I wonder if you are going to partner with some on/ramp project to allow non crypto holders to take part in the betting on BetU by depositing fiat currency through the credit card POS gateways? Aso, speaking of crypto holders, it is safe to assume that $BETU tokens will be volatile in nature similar to other DeFi tokens. Are you considering the possibility of letting users use stablecoins for placing bets and convert stablecoins into $BETU under the hood in the smart contract if needed?

Thank you!

Paul Rogash ; Yes. BETU tokens power the entire ecosystem.

All Bets, winnings, bettering rewards, burning, staking, whale holder benefits and staking is with the BETU token.

This is how we can generate enormous demand for the token.

The more people bet, the more demand on the token.

and

The more people bet, them more BETU will be burnt

Mary | Satoshi Club: And you can connect non cryptospace and crypto with partnerships😀

Paul Rogash: People will be able to deposit crypto BTC, ETH, USDT etc and that will be able to be swapped to BETU within the platform.

Same with Fiat, you will be able to onboard with with Debit/Credit card and then purchase BETU tokens to start betting.

No we are not considering using any other currency to bet other than BETU tokens.

Yes the price will fluctuate and that adds to the betting experience.

Gold Rocket | Satoshi Club: I think this is fair and justified.

Paul Rogash: USDT will be able to be converted to BETU from within the dashboard, but not for betting.

Gold Rocket | Satoshi Club: thank you very much for clarifying this point

Mary | Satoshi Club: As i know work with fiat often requires KYC verification

Paul Rogash: All bettors must pass KYC.

Q5 from Telegram User @yellowchamp

Some of the features of BetU that interest me are that BETU Tokens are burnt after every winning bet & if bettors attempt to cheat and Whale holders will pay zero winning fees. So,why do you need to burn some tokens after every winning? What impacts does it bring to BetU platform? How will you determine if some bettors is cheating? Do you plan to penalise those cheater bettor in your platform or do you give warning to them to avoid for them to do it again? Speaking of whale holders,why you will not charge them winning fees if they win? Is it not unfair to some small holders in your platform? Thank you

Paul Rogash: There are two aspects: The purpose of burning the tokens is to have a constant deflationary supply.

Which benefits all BETU holders.

For peer to peer bets their is a 1% winning fee, and of that 25% is burnt.

For traditional bookmaker bets their is a built in margin to the odds and 25% of any profit is burnt.

So it is always giving back to BETU holders and reducing supply.

Whale holders will help drive the price up, so it is important to incentivize them.

Like most businesses you reward your best customers.

Mary | Satoshi Club: As i know whales like to play, there are bears and bulls😀 how much you bet that you will onboard bull whales?😉

Paul Rogash: Regardless of bear or bull, people will always bet.

Gambling is one of the oldest industries in the world and it is only growing every year 😉

Mary | Satoshi Club: Ahaha, that’s true 🔥

Paul Rogash: Over 1.6 billion people bet each year.

25% of the population.

Mary | Satoshi Club: Wowwww!

Gold Rocket | Satoshi Club: yes it’s incredible

Q6 from Telegram User @surendra040

2.5% of Total supply was sold for a $0.015 in presale and 25% of total supply is allocated for public sale . I read on your website whale holders will pay zero winning fees . Whales are likely to have in many projects who are early adaptors. What % of supply should a whale holders need to hold and how is governance system work for whale holders? You also have a public sale bonus upto 25% . How will you prevent the whales to dump the token price and will not this affects in the sustainable growth of your project in the long run ?

Paul Rogash: Whale holders will need to hold 1million BETU.

The whale holder is just a benefit, they still need to place the correct bets.

Governance is based off voting from all holders, not just whale holders.

Whales like all projects will be able to sell. Just like Satoshi could sell any day and crash Bitcoin.

We are introducing a staking program of 7.5% of the supply in the first year to incentivize people to hold.

As we build our userbase and betting demand, I don’t see any whale holders impacting the sustainable growth. It’s all about customer acquisition.

The more customers we can acquire who bet, the greater the demand on BETU.

Mary | Satoshi Club: Everyone can stake? How much can we earn? Will profit be different for whales and ordinary holders?

Paul Rogash: This also why we are building the interactive Casino, so even people who don’t bet on sport or esport, can utilize the BETU token.

The APR will be the same for everyone.

Mary | Satoshi Club: Great!

Paul Rogash: We will have various staking programs with different exchanges in the first year, which will have various APR. Everyone will be on an equal playing field.

Ok. Before we get on to the next section.

We are going to do something different.

Mary | Satoshi Club: We will be waiting for updates from you 😉

Paul Rogash: We have regular giveaways on our social media based on sport and esport.

Part 2 — live questions from the Telegram community

Q1  from telegram username @BJosefina61

about placing bets, is there a limit per user or per sport? How would you prevent users from placing dozens of bets as a spa, or do you think that the more bets, the better for everyone?

Paul Rogash: The more bets the better, the more bets the bigger the demand on BETU tokens.

Q2 from telegram username @KhaleesiTheCryptoLady

What is the age requirement in using the platform? Do users will have to perform KYC before playing in BetU?

Paul Rogash: All users must be over 18 years old and all bettors must pass KYC.

Q3  from telegram username @sirdefi

🥇 How can I create a bet on Betu? Could you explain the steps for this? Do I have to have a certain amount of $BETU to do it?

Paul Rogash:

Q4  from telegram username @ethcypheropunk

What system does BetU use to confirm the results? If there is a controversial result or a change in results after the events are over, how does BetU resolve this situation?

Paul Rogash:BetU has feeds to BetRadar – https://www.betradar.com/

  Payout of bets won’t be made until results are confirmed by the event holder. Eg: the NBA or EPL.

Q5  from telegram username @highpee

🙋‍♂️🙋‍♂️Hello $BETU

Your REFERRAL PROGRAM says users can earn 2.5% of what the other person buy. Is this referral bonus capped? If I refer 100 new members, will I get the 2.5% bonus on all of them altogether? Also, will the 2.5% reward only apply to my referral first purchase only or I can earn this reward continuously?

Paul Rogash: Yes you can earn 2.5% on what the referred person buys.

There is no cap and it is payable on all purchases.

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/betucommunity        

Twitter: https://twitter.com/betuglobal

We are pleased to announce our next AMA on August 22nd 2021 at 05:00 PM UTC Time: Satoshi Club x Caliente.finance

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Caliente.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 3 questions. Caliente.finance Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Caliente.finance

For more details:
Caliente.finance Website – caliente.finance
Caliente.finance Telegram – @CalienteFinance
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 Liti Capital and our guests was @dvkay1979. The AMA took place on 15 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

Mary | Satoshi Club: Hello  Satoshi Club! We are happy to announce our AMA session with Liti Capital ! Welcome to Satoshi Club😀

D. | Satoshi Club: today our guest – @dvkay1979 ! 🙌

hello! we glad to have you here 😊

how are you doing today?

David Kay: great!

Mary | Satoshi Club: Welcome to Satoshi Club 😀

David Kay: and I’m so glad to be here.

Thanks so much. It’s an absolute pleasure and privilege to be able to present in front of your community

Mary | Satoshi Club: We are also happy to have you here today 👍

And… Let’s start our AMA 🚀

Could you please introduce yourself and tell us more about Liti Capital 😀

David Kay:  Absolutely.

My name is David Kay, and I am the Executive Chairman and CIO (Chief Investment Officer) of Liti Capital.

We are the next generation of Fintech. We are the first Private Equity fund to be launched and run through the blockchain. Our view is that the returns that come to investors thru private equity should no longer just be offered to the 1% – its time to democratize private equity. Liti Capital is the first, and only, private equity for everyone!

 I would also note that today is a somewhat special day to be here….we actually just announced this morning our first listing on a centralized exchange!

After more than tripling since our launch last month, we are not going to start trading on HitBTC on Tuesday morning.

Done.

D. | Satoshi Club: this is awesome news 👏👏 congrats !

David Kay: Thanks so much! Just the beginning.

Mary | Satoshi Club: Nice choice! Can you give us more details about upcoming listing 🤩

David Kay: For sure!

We just announced the listing of the $wliti token 2 hours ago for our community.

Deposits for trading will be allowed starting Monday, and we will be live for trading on Tuesday morning.

HitBTC is so excited to have us that they agreed that we would be the only new token listed this week. Can you believe that?!?

Mary | Satoshi Club: Awesome 👏

David Kay: We also are launching a 2,000,000 wliti trading reqard program 4 days after our listing.

Mary | Satoshi Club: Unbelievable! They know what thay are doing 😉

David Kay: That’s $60,000 USD of rewards for people who trade our token.

So…..that’s fun.

Done

D. | Satoshi Club: 👍 what pairs for trading will be available btw?

David Kay: That’s a great question. I believe both ETH and BTC, but I will have my team confirm!

David Kay: done

Mary | Satoshi Club: 👏

D. | Satoshi Club: nice! that’s a top pairs 👍

David Kay: Wait!

hold up!

I just was told….wLiti/USDT and wLiti/BTC

Those are the two pairs.

 (That’s why its so important to have a great team there to support me….)

Done

Mary | Satoshi Club: Cool 👍 And let’s go back to the intro😃 could you tell us more about the team behind Liti Capital and their experience?😉

D. | Satoshi Club: one pair to btc and one to stablecoin! that’s even better 👌

David Kay:  Sure thing.

My background is actually in private equity. I founded and ran a $1b+ private equity firm in NYC for the last 10 years.

Jonas, my CEO, founded and ran one of the largest intelligence firms in Europe. We are quite a pair.

We. Don’t. Mess. About

Andy is our COO. He’s a top data scientist and one of the best operational partners we could ever have. A true pro.

Mary | Satoshi Club: Wow, awesome background!

David Kay: Jaime heads up our Technology, and he is an absolute genius. More degrees than we have time.

But most importantly, our entire team has done this before. We have all built and managed successful businesses with fiat, and made money for investors. And now we are taking those skill sets and applying them to the blockchain.

Mary | Satoshi Club: It seems that your team has everything to reach success 👍

David Kay: We know how to do this. We are the next generation. We are not a currency, but rather – we are a business. One that operates, that is transparent, and that will make money for our investors.

For sure.

Done.

Mary | Satoshi Club: Agree with you😀

Thank you for your intro, David!

David Kay: No problem!

Mary | Satoshi Club: We choose 6 questions from our community for the first part of our AMA 😀 are you ready for them?

David Kay: Can’t wait. Hit me!

D. | Satoshi Club: 🚀 appreciate for awesome intro! let’s open the first part 🙃

Q1 from Telegram user   @jodasf

I read that Liti Capital is making a game changer for litigation funding, but what are the differences that Liti Capital has with respect to traditional litigation funding, what are the changes that you think traditional litigation funding needs today and what are the innovations that Liti Capital will, of course, introduce in the litigation funding segment?

David Kay: We’re actually very similar to traditional litigation funds, only better in a bunch of ways.

Access to private equity funds like litigation financing have historically been restricted to so-called “accredited investors”… Because of this, the highly profitable litigation finance industry has been made exclusive to the top 1%. Here is where Liti Capital comes in. Thanks to blockchain technology, our equity token creates the opportunity for anyone to invest. It doesn’t matter if you have $100 or $1,000,000. We’re giving access to retail investors to invest in this once-exclusive industry. We’re disrupting the industry by making private equity available to all!

This about it this way… litigation finance has been on of the top performing asset classes in the world for the last 15 years, but most people haven’t heard of it. Do you know why?

Bc of what I just said – it’s only been available to people that have more than $1mm of liquidity.

Not anymore.

The key to what we are doing isn’t so much that we are going to change the litigation financing process itself. Litigation financing is an asset backed strategy that generates 30-50% annual returns….We love that!

What we are doing that’s really going to change the game is to bring those returns to everyone.

Some of the dumbest people I know have more than $1mm of liquidity

and some of the smartest people I know have less than $1mm of liquidity.

The democratization of finance, and of private equity, is here – and Liti is leading the way. Whether you have $1 or $10,000,000 – you are welcome here.

D. | Satoshi Club: yes we can often face such a things in life  😄

David Kay: Done.

Mary | Satoshi Club: I can guess, that we are still from that 99%🤣 can you explain to our community more about litigation finances and how this system works? May be on one small example 😀

David Kay: Sure.

Let’s say HugeCo came and offered you $20mm for your telegram channel. Amazing right?

Now – let’s say that there was a provision in that contract that said that if they determined that you did something untoward in the money before the sale – they got to keep your telegram for no money.

And you….wait for it…..got a speeding ticket.

And now HugeCo is saying this telegram channel is now theirs. And you get exactly zero dollars.

What happens?

It will take $2-3mm to fight HugeCo. What do you do?

The sad reality of it is that most of the time HugeCo wins.

But that’s where we come in…

For those people that don’t have the $2-$3mm to fight HugeCo and have been wronged – we come in. We provide that $2-3mm.

And in exchange we get a % of the upside. So in your case, let’s say 30%…

Now we stand up and fight HugeCo – and (obviously) we win.

Now, instead of nothing, you make $14mm. Pretty good, right? Especially when you take no risk!

And Liti makes $6mm – not bad either!!

That – in a nutshell – is what litigation financing is….and how we make money.

D. | Satoshi Club: very clear example 👍

David Kay:  Thanks!

Mary | Satoshi Club: Thank you! Awesome explanation! Now everything is clear for me 😀

And i hope for our community 😜

David Kay: me too!

Mary | Satoshi Club: David, are you ready for the next question?

David Kay: yes!

D. | Satoshi Club: 🚀🚀🚀🚀🚀

Q2 from Telegram user @UplineStephen

Liti Capital has created two tokens that work together as one to make the litigation finance and the company’s shares avaliable to investors. The launch of LITI and wLITI tokens allows any investor to engage in the high-performing litigation finance market previously only available to elite investors. However, unlike wLITI tokens, I noticed that investors can only purchase the LITI token by passing KYC. May I ask what is the main dfferences between the LITI token and the wLITI token? Also, why is it the LITI token requires that an investor passes KYC before buying but wLITI does NOT require KYC?

David Kay: Although we’re on the blockchain, Liti Capital is still a real company, regulated by Swiss law. Being regulated means that we have to comply with all rules and regulations set forth by them, including the requirement for KYC to own company stock, or in our case, the LITI token.

Creating the wLITI token was the answer to providing access to everyone. This wrapped version of the LITI token is directly tied via a smart contract at a ratio of 1 LITI: 5000 wLITI. With wLITI, you can invest and trade on centralized and decentralized exchanges with ease, never having to worry about KYC.

This structure will be the future. Remember, we are NOT a currency. We are a real company. We have offices, we generate revenue (and hopefully lots of $ for our token holders). Our value doesn’t actually go down if BTC goes down! Imagine that?

“Real” businesses that are more safe, and more stable, are coming. We are one of those businesses.

But all those benefits also mean that we need to follow the rules. And those rules are what require us to have two tokens.

David Kay: Critically tho, they are reflections of each other. I like to think about it like pizza.

The liti token is a large pizza, the wLiti is 8 slices of pizza.

They are just two diff ways of talking about the exact same thing.

wLiti’s can be exchanged on our website to Liti’s in under 30 seconds (try it!). And Liti’s can be turned into wLiti’s in the same amount of time (seriously, try it!).

And you can do it as many times as you want!

I hope that helps!

David Kay: Done.

Mary | Satoshi Club: You’re on Ethereum blockchain?

David Kay: Yep.

ERC 20

D. | Satoshi Club: but why you decided to use Ethereum for your token? it’s the most expensive blockchain for transactions

Mary | Satoshi Club: Don’t you plan to expand your pizza slices on another blockchains?😀

David Kay: It’s the most commonly used. Our goal is to be private equity for everyone – so we wanted to make sure we were available to as many people as we could.

Having said that, you are right….and that’s why we are so excited to announce today that we are also being listed on HitBTC. The fees on that exchange are extremely low.

Absolutely. Check out our telegram. When I tell you this is just the beginning….i’m not kidding around.

I would also very much encourage people to take a look at our chart. Stability and consistent growth are not just words we use.

Even when ETH has taken a hit, we have stayed solid.

If your community does only one thing after this AMA – Look. At. Our. Chart.

Consistency, stability, and growth.

Mary | Satoshi Club: Do you have picture of your chart?😉 Or link?

David Kay: It’s time for everyone to have at least a part of their bag in a place that you don’t have to have a lump in your throat when you wake up every morning.

Done.

Let me get a link for you.

https://www.dextools.io/app/uniswap/pair-explorer/0x5ac9ead73344718dca963f44af960e04f168bd65

Mary | Satoshi Club: Nice dext score👍 and chart🚀

David Kay: Awwww…..you are going to make me blush

we are very proud of what we have accomplished.

D. | Satoshi Club: agreed, 99% 👀

David Kay: But it’s just the start.

Q3 from Telegram user  @KathDM

In the hypothetical case that I am a small business owner and I want to sue a large and well-known company, but I don’t have the money to pay outstanding lawyers … how could Liti Capital help me? What tools would you offer me? I read that Liti Capital can pay for the case. So how does Liti Capital make a profit? Will Liti Capital pay 100% of the case or only a percentage? Would I have to pay a percentage too?

David Kay: Great question. Thank you.

First, I would encourage you to take a look at the example I gave the moderators with the hypothetical sale of their telegram channel.

But the sad truth is that without organizations like Liti Capital small businesses or individuals often don’t even have the chance to go against large corporations, not even hypothetically.

These “HugeCo”s have such huge financial backing that an attempt to file suit against them means you have to be ready to spend extraordinary amounts of time and money. Since 90% of people and small businesses can’t even take that first step, they give up altogether. The remaining individuals that do pursue the legal route end up giving up because of extremely litigation high costs or settling for way less than they deserve.

Liti Capital makes it so that the little guys have a fighting chance. When we step in, these corporations’ behavior changes. We see settlement offers increase many times over just by people signing on with us. This is a win-win because if someone was offered $1M to settle before we come in, now with our financial backing, they 10x that to $10M, we can take a percentage of the earnings and still leave the client with more than they would have received otherwise.

This doesn’t even consider the fact that when we say no to settlements and move forward to complete litigation, the rewards at that point are extraordinary. All of this comes at no risk to the client since we’re only taking a percentage of the litigation’s financial outcome.

David Kay: But – this part is important:

It is at NO COST TO YOU. And no risk.

If we were to lose, it costs you nothing. We take on 100% of the cost and risk.

That’s the deal.

Hope that helps.

Done.

Mary | Satoshi Club: Awesome!

Of course i hope that we won’t need your services, but in case we know what to do😄

David Kay: Exactly. We are the break in case of emergency, hope you never need us, guys.

BUT – if you invest in us, we are also the make you tons of money crew.

Q4 from Telegram user @Right_clicK1

It is well cleared that Litigation funding is available in both commercial and consumer applications. In a case where this funding is been used in a large scale and complicated corporate disputes that are highly valued which can possibly cause breach of contract directly to bankruptcy or antirust, what kind of help can Liti capital render in this case? In order to avoid a result of copyright or trademark infringements, how can we make use of the features in your project to serve as refuge?

David Kay: Liti Capital is a for-profit company, and believe me when I say profit.

When it comes to cases, we diligently research every possible aspect of the situation before signing on. Our goal is to win cases and generate profits for our share; I mean TOKEN holders 😊.

I’ll be honest with you, I thought I was done with litigation finance but came out of “retirement” (but critically, not the Jordan into baseball type, more the Jordan back to crush the NBA model…) to make an impact and a difference in how private equity happens.

The industry has one of the highest returns, with an average of 50% cash on cash returns. I’ve managed a portfolio worth well over $1B, I know how to navigate the industry, and we are certainly playing to win. Now, here’s where people are taken back. Liti Capital will use 20% of profits to grow the business, and 80% will be given back to investors in dividends.

So to more specifically answer your question, every case is different. We have the in-house and external expertise to analyze any case to ensure the best possible outcomes of a favorable outcome.

I will leave you with this….both me and my team go to bed at night, and wake up in the morning thinking only one thing: How are we going to make money for our token holders today.

David Kay: Done.

D. | Satoshi Club: i have lil off topic question, do you have any future ideas how to implement NFTs in your project? are you planning to do so? or you not work with that subject?

David Kay: That’s actually a great question.

We are in the process of doing just that.

We will have a number of one-of-a-kind products available from two sources:

1. There are some well known celebrities that are holders, and who have expressed an interest in doing some fun NFTs for the community

D. | Satoshi Club: nice

David Kay: 2. We are planning to offer some of the judgements and bank accounts of the people that we go get money from as unique NFTs for our community.

Mary | Satoshi Club: Are they your litigation clients?😉

David Kay: I can’t disclose that one yet.

But I will say this…..keep your eye on our socials this week.

Mary | Satoshi Club: Gotcha 😄

David Kay: Your question is going to be answered for everyone before friday.

I’m actually a little concerned you guys over here at Satoshi are bugging our offices….

D. | Satoshi Club: haha 😄

David Kay: Or maybe scared?!?

hahahahaha……

Q5 from Telegram User @Cheriemike

While reading about your platform,I notice that Liti Capital has found and identified the perpetrator of a cryptocurrency scam.Many people have lost fund in the cryptospace to scammers having you Liti Capital is a bright light to the crypto world etc.How were you able to do that?What tools were deploy to identify and pursue crypto scammers?And what percentage are being given to community members that were victims of Crypto Fraud?

David Kay: Jonas Ray, our CEO, is the founder of Athena Intelligence, one of the world’s most prestigious private intelligence firms. He’s Liam Neeson from Taken but for assets. Identifying assets and proving their ownership and value, taking into account both jurisdictional enforcement and hidden ownership, is a pilar he built his intelligence firm on.

So if you’re a crypto scammer, know this:

Jonas has a very particular set of skills, skills acquired over a very long career, skills that make him a nightmare for people like you.”

D. | Satoshi Club: lol i have seen that movie 🤣

David Kay: Although we are a  for-profit business, we believe that it’s our responsibility to give back to this wonderful community.

As such, we have made an unprecedented commitment. We are committed to using 5-10% of the company’s profits to go after scammers in the blockchain space, at no cost to the victims. This is our way of helping to clean up and support this ecosystem that is supporting us.

Then you will love this: https://www.youtube.com/watch?v=KR6M-isqo1s&t=25s

And this:

David Kay: And maybe even a little of this:

If you want to see what happens – in real life – to people that mess with our community…take a look at that.

And that was all accomplished in 48 hours.

We don’t play around.

Mary | Satoshi Club: According to the latest statistics, most of the products are not even on the benches, but on the khakis. Tell us, how safe is Liti Capital? Did you pass audits?

David Kay: We are a serious group of professionals. And we have been doing this for the better part of the last 10 years. We may be newer to crypto, but we are old hands at tracking down “bad” people and getting money for our investors.

David Kay: Of course. Take a look at our website liticapital.com

We have all of our information there.

We pride ourselves on being a “safe” place to invest.

That’s our number 1 priority. Period.

Mary | Satoshi Club: Thank you for your detailed answers!

David Kay: of course!

Mary | Satoshi Club: And only 6th and last question left from this part 😀 Ready for it?

David Kay:  yessum

Q6 from Telegram user @Highpee

$LITI is an equity backed token and grants holders governance right by giving them the ability to have a say on your company governance and community orientation. What are these range of actions that users will able to govern and how many tokens are required to participate in governance ? In addition to this, you said you have a board directors that has veto right on some matters irrespective of what community wants. Apart from the core team members, who makes up the board of directors and why are they given a super veto power? Under what situation can this board apply a veto?

David Kay: Community participation is essential to us. We set up scamburster@liticapital.com as a way for the community to reach out with scam cases. The response has been overwhelming and, honestly, sad. It breaks my heart to see so many people being taken advantage of in the crypto space.

I wish we were able to go after each one of them, but the emails don’t stop coming in . Because of the sheer number of requests we have to narrow it down; this is where the community comes in. Token holders will have the ability to vote on cases they would like Liti Capital to pursue.

Now yes, the board does have veto power because we have a fiduciary responsibility to shareholders. It’s our responsibility to ensure we are doing what is best for our community.

Said another way – this goes back to us being a “real” company.

Company’s in the non-crypto world are run by the board of directors. So are we.

That board is elected by its shareholders.

Here – we were elected by our token holders.

And we will either act in the best interests of those token holders or they will replace us with someone who will.

The truth is that while we need to replace a lot of the “old” way of doing things, there are some things that have worked extremely well for hundreds of years…..you know that old saying “don’t throw the baby out with the bath water”?

That’s how I feel about the board structure. It works. We are responsible to our token holders, and we answer to them. To all of you. To our community.

And you have my solemn promise of this…as long as I draw air as the executive chairman of this company, we will work every day with only one thought in mind: how can we make money for our tokenholders today.

Mary | Satoshi Club: How many tokens should i hold to participate in the governance?

David Kay: You can do so with only 1 Liti token.

All you need is one.

Every token holder matters.

Mary | Satoshi Club: Wow!

David Kay: Yep.

Mary | Satoshi Club: Is governance function live now?

David Kay: Yes. It’s a Swiss company, so we have been implementing those functions since day 1

Mary | Satoshi Club: Super!

David Kay: Another good example of the benefits of being a “real” company in the blockchain.

Yep – you are my boss!

If you buy a token!!!

😉

Done.

Part 2 — live questions from the Telegram community

Q1 from telegram username @Shaa93

Liti Capital is a Swiss Limited Liability Co specializing in Litigation Finance and FinTech based out of Switzerland. What is current “litigation assets” of Liti Capital?

David Kay: Wow. What a response.

This is a great question.

We have already raised more than $20mm, and we have already invested in multiple cases. This (very short) video goes through exactly what those assets are – and how they are valued. Even more importantly, it explains how we create value for our token holders.

Take a look:

Q2 from telegram username @Righteousness

What plans do you have on expanding your pizza slices on another blockchain in the next future? How can this benefit the users

David Kay: I’m never going to live down that pizza reference, am I???

We have expansive plans on that point. It’s a critical one. Our goal is to be private equity for everyone, and in order to do that we need to make sure everyone can find/buy us.

We just announced HitBTC today! But that’s just the start. We are going to have multiple additional announcements THIS MONTH on how we are going to expand even futher.

Yes – you heard that right: THIS MONTH. And yes, I am aware its august 15th

Q3 from telegram username @josephsin27

How did you meet Jonas Ray? Is this a coincidence or do you already know each other? @dvkay1979

David Kay: Now this is a story in-and-of itself.

Honestly, nothing would make me happier than to answer this question….but Jonas has sworn me to secrecy.

But how about this?? I am offering a $100 of wLiti bounty from my own bag for the person that gets Jonas to ok me to release THAT story to the public.

Q4 from telegram username @yellowchamp

So,can you explain more about the case life cycle that your platform is working with? What kind of cases you are trying to solve in crypto industry?

David Kay: Thanks for this question. As the person primarily in charge of building the portfolio, I very much appreciate this question.

I am constantly trying to balance the types of cases we bring on to ensure that we maximize cash flow, and minimize risk.

I generally try and take 20% of cases that are in an early (or exploratory phase), 20% of cases that are in the middle phase, and 60% of cases that are readily developed.

Q5 from telegram username @xperia3

Hi! 💹

Do Liti Capital Hiring? I mean more than an ambassador, do you look for full time community managers, translators, or developers for your main team?

@dvkay1979

David Kay: Yes!

We are actively looking for high-quality people.

We are growing so quickly, and we need people in almost all of those areas.

Please find us:

t.me/Liti_Capital_Official  

linkedin.com/company/liti-capital/

twitter.com/liticapital

instagram.com/wlititoken

liticapital.medium.com/

And drop your information (or even just a witty comment)

Q6 from telegram username @nadee5

@dvkay1979

What  are  the  REQUIREMENTS  to  join  Trading rewards  $wLiTi?

David Kay: There are no requirements.  Just sign up to HitBTC and start trading. We will do the rest!

Q7 from telegram username @highpee

👋👋 HELLO

It is said that $LITI can generate ATTRACTIVE ROI in both bear or bull market because its business modalities has no correlation with the general market. How will you generate high returns and be able to pay high dividend to the tune of 80% to your token holders? What economic model will $LITI use to achieve reliable price appreciation and  continuous income distribution at all market season?

David Kay: This is another great question. And you are 100% right.

Litigation financing is not correlated to the broader market. Those case examples I gave before, and the returns that come from them, don’t change based on the price of BTC or ETH.

We are different. We are safer.

Q8 from telegram username @Guandog

On your website it says that 5000 wLITI = 1 LITI, I would like to know if this equality or parity will be adjusted by the market or Liti Capital is in charge of maintaining the peg?

David Kay: This WILL NEVER CHANGE. Ever.

Locked for life.

Q9 from telegram username @messilolz

you mentioned that listing of $wliti token was done 2 hrs ago so what exchanges I can buy $wliti token for now?

David Kay: Today we are available on Uni Swap. Go – join us!!!

Starting Tuesday morning we will also be available on HitBTC.

Jump into these groups, and we will keep you posted on everything:

t.me/Liti_Capital_Official

linkedin.com/company/liti-capital/

twitter.com/liticapital

instagram.com/wlititoken

liticapital.medium.com/

Telegram (http://t.me/Liti_Capital_Official )

Q10 from telegram username @KhaleesiTheCryptoLady

Liti Capital is a real company; how did you deal with regulation when you decided to incorporate blockchain? When did you begin to tokenize your company?

David Kay: This is not a one time process. We deal with this every day, every week.

We need to make sure you make money with us no matter what the environment is, and ensuring we are compliant with regulations is a top priority with us…always.

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: http://t.me/Liti_Capital_Official         

Twitter:   https://twitter.com/liticapital

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 Pyromaniac and our guests were @PyroManny, and @PyroMike_Founder – representatives of Pyromaniac. The AMA took place on 15th of August.

The total reward pool was 500$ and has been split into 3 parts.

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

Part 1 — introduction and questions from the Website

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

Gold Rocket | Satoshi Club:
Hello again, dear Satoshi Club community!

Today our guests are @PyroManny @PyroMike_Founder

Hello and welcome to Satoshi Club

PyroManny (WILL NEVER DM FIRST):
Hi everyone! Great to be here today! 😊

Mary | Satoshi Club:
Welcome here 😀

PyroMike (WILL NEVER DM FIRST):
Hey guys – thanks for having us here today!

Mary | Satoshi Club:
Hello, happy to e-meet you 👍

Gold Rocket | Satoshi Club:
How are you doing 😁

PyroManny (WILL NEVER DM FIRST):
Pretty good thank you! Excited about what’s to come and looking forward to seeing the communities questions – how are you today?

PyroMike (WILL NEVER DM FIRST):
Doing good – super busy getting the project launched at the moment but equally excited!

Mary | Satoshi Club:
We are great! Excited to know more about Pyromaniac! So, let’s start our AMA 🚀

Could you please introduce yourself and tell us more about your project 🙂

PyroManny (WILL NEVER DM FIRST):
I’m Manny, I’ve been in Sales and Recruitment for the better part of the last decade. I help organize the strategic partnerships for our project. We’ve secured our first donation partner – Save the Children, and a Senior Representative will be in our Telegram Pre-launch to talk about their project. We are working on bigger and larger names to get Pyromaniac to exposure it deserves!

Mary | Satoshi Club:
How did you get into cryptospace?🙂

PyroMike (WILL NEVER DM FIRST):
Hi guys, and thank you for having me here today. My name is Mike and I’m from London, England though I now live in Thailand. My background is in marketing and I’ve been involved in cryptocurrency for around 7 years now. We have a team of 7, all with professional expertise in their roles – including business development, graphic design, 3D modelling and social media.

We started the project because we feel the world is broken and the people have been forgotten. Mainly the rich people/companies and governments benefit whilst millions of people are living in poverty, starving and can’t get access to clean drinking water. It’s an unjust system and our aim is to put the power back into the hands of the people as we believe when we act collectively, we can reach our aims.

The project is centred around NFT collectible characters, each of which have a special ability that correlates with a charity sector. They will use their powers to help those that once faced the same problems as them. Each week, we will release a new character and charity partner. At the end of that week we will donate 25% of the NFT sales plus 2% of all transactions of our token.

We also have 2 weekly lottery draws: BNB and NFT. And a launchpad coming in phase 4!

Here is an example of one of our NFT collectibles

Mary | Satoshi Club:
It’s so cute 😍

PyroMike (WILL NEVER DM FIRST):
🙏🙏🙏 Thank you

Mary | Satoshi Club:
When did you start Pyromaniac project? Who is in your team?🙂

Gold Rocket | Satoshi Club:
Amazing!

Guys you have a great experience and great goals!

Tell us a little about the team that helps you get things done.

PyroMike (WILL NEVER DM FIRST):
We started working on the project around 4-5 months ago.

The team is made up of 7 core members who each bring an important skillset to the table.

I’ll post our team page so that you can get to know them a bit better

PyroMike (WILL NEVER DM FIRST):

Gold Rocket | Satoshi Club:
Btw very beautiful girl 😍

PyroManny (WILL NEVER DM FIRST):
We’ve been in crypto for about the last 8 years, got into it just like everyone else did – not knowing anything about it and thinking what is this! Since then we have evolved and learnt a great deal over the last 5 years, especially in the BSC space. We are working with a specialised marketing team which helped promote SportemonGo and UltimoGG, we have a huge list of connections regarding crypto influencers and we are building a much bigger brand! – I’ll leave @PyroMike_Founder to lead the answers moving forward!

Mary | Satoshi Club:
Great background!

Thank you for your intro, guys!

PyroMike (WILL NEVER DM FIRST):
Sorry, I deleted our NFT artists accidentally!

Yes, and a very talented artist too

Gold Rocket | Satoshi Club:
Thanks for sharing❤️

Mary | Satoshi Club:
It’s a crime! She is so beautiful 😂 and her NFTs as well👍

Btw, we choose 6 questions from our community for the first part of our AMA! Are you ready to start with them?🚀

PyroMike (WILL NEVER DM FIRST):
Yeah – Let’s do it 😁

Q1 from Telegram user @ItsMelissa3
Can you share more details about the pre-sale of the Pyromaniac token? When will the pre-sale be announced? Have you already been in contact with the platform where it will take place? Will there be a minimum or maximum number of tokens that each user can purchase? In some pre-sales, it is a requirement that users must do KYC. Will it be a requirement to do KYC for the pre-sale of the Pyromaniac token?

PyroMike (WILL NEVER DM FIRST):
Thank you for your question @ItsMelissa3

The public presale will be held on our website as we want to avoid bots. The max purchase will be 2 BNB per wallet so that we can ensure no whales. KYC will not be required.

There is also a private sale round whereby you can win a spot via our promotional group or sweep widget campaign which you can see here https://sweepwidget.com/view/29552-exz13tvm

Gold Rocket | Satoshi Club:
What are the requirements for participants?

Mary | Satoshi Club:
Do you have an anti-bot system? Because bots are a big headache now

And will you have whitelist or everyone who wants can participate?

PyroMike (WILL NEVER DM FIRST):
For the private round there are two separate scenarios.

1. The pyro hype group – There are 130 whitelist spots available for the top 130 most active community members plus cash prizes for the top 15. The goal is to incentivise people to share our project as much as possible and then reward these people for their hard work and loyalty.
2. Sweep widget campaign – 20 whitelist + NFT prizes for the top 2. Here – users just have to interact with various social media to earn points. The top 20 contestants get a whitelist spot here

Yes, this is of the utmost importance to us as we don’t want the project to be wrecked by bots before it even gets started.

We will have low max transactions plus a low max holder percentage at launch.

We are also looking at whether to add no buys in the first 5 blocks so that if any bots do get in – they can’t get in ahead of humans and ruin it for everyone!

Whitelist for private round.

Public will be open to all! 😁

Mary | Satoshi Club:
🆒

Gold Rocket | Satoshi Club:
Thanks a lot for the answers!

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

PyroMike (WILL NEVER DM FIRST):
You’re welcome 😁 Yeah, of course – go-ahead.

Q2 from Telegram user @Highpee
Looking at your roadmap, Pyromaniac has a plan to launch its own launchpad by Phase 4. When do you estimate that Phase 4 will start and which phase are you in presently? What rigorous testing mechanisms will PyroPad use to promote projects that are equipped with quality and devoid of scam tendencies on its launchpad? What will be the required amount $PYRO that users must hold in order to gain exclusive sale benefits from PyroPad?

Mary | Satoshi Club:
👀

PyroMike (WILL NEVER DM FIRST):
Thanks for the question!

Right now, we are in between phase 1 and 2 as we are yet to launch.

With regards to the launchpad – we’re looking to have it released within the first 2-3 months of launch – though we are also releasing our own NFT marketplace in that time. However, we already have some stop-gap solutions whilst we build the launchpad whereby PYRO holders may still get exclusive access to presales as a utility of our token.

In terms of testing mechanisms – There are 3 key elements

1. Team must be doxxed
2. Contract audited by our developer and a paid audit committed to
3. A member of our team as part of their team to oversee operations until launch – to ensure everything is above board, not to interfere

The amount PYRO users must hold will be determined closer to the time – it’s very hard to make those kinds of estimates before we know what the price of PYRO will be once it settles in the market – therefore we think it’s better to wait – otherwise we could end up making the requirement far too high or low – so it’s important to strike a balance

You can find out more about the launchpad here pyromaniac.io/info

Gold Rocket | Satoshi Club:
Well, you have developed the rules rationally and carefully enough👍

Mary | Satoshi Club:
So, when do you plan to pass audit? Did you already choose audit firm?

PyroMike (WILL NEVER DM FIRST):
The audit I was referring to was regarding a project using our launchpad but yes we will be submitting an audit with tech rate and Certik.

It’s absolutely essential in order to put the community’s minds at rest and give them confidence that they can trust the smart contract

Gold Rocket | Satoshi Club:
Thank you very much for your answers! Don’t forget to share your results with us😉

PyroMike (WILL NEVER DM FIRST):
Of course!

Gold Rocket | Satoshi Club:
Safety first👏👏👏

Ready to proceed to the next question?

PyroMike (WILL NEVER DM FIRST):
Let’s do it 😁

Q3 from Telegram user @orlemys
Pyromaniac is a platform that focuses on NFTs, Charity, and is also a Launchpad. However, as your purposes are varied, the reasons why people invest in Pyromaniac might also be different, one from the other, so I’d like to know if all funds are kept on the same pool, or if there are separate LPs? Also, if users want to donate to a specific cause, are they able to send a suggestion to your team, or able to track the way their funds are distributed, and to what charity they go to?

PyroMike (WILL NEVER DM FIRST):
Yes, our purposes are varied but all feed into our core ethos of giving back to the people and providing a platform where we can help.

There will only be one initial LP pool for PYRO tokens. There will be separate wallets related to these activities through so our community can see exactly what is happening with each.

With regards to causes, we donate to…

The great thing about our project is that we will donate to a new cause each week. Every week, a new and exclusive NFT collectible is launched. Each NFT is a member of the PyroPack, Pyromaniac’s own band of original heroes. The heroes will have their own special ability and unique theme that determines which charity sector Pyromaniac will donate to. The chosen charity will then receive 25% NFT sales plus a percentage of all transactions for that week.

Initially, we will choose the charity as our focus is on building partnerships with charities in order to establish legitimacy and give ourselves exposure.

PyroManny (WILL NEVER DM FIRST):

Mary | Satoshi Club:
That’s really awesome and kind!

PyroMike (WILL NEVER DM FIRST):
So our community will be able to donate to different causes every week!

We will also have weeks where we allow the community to choose the charity by way of a vote.

In terms of the community seeing where the money goes – we will be doing livestreams with our charity partners at the time of donation so that the community can tune in and hear from the charities themslves.

Lastly, we’ll also be doing donations in Thailand and England which the PYRO team will personally do. We’ve actually done one already prelaunch which you can see here

https://www.youtube.com/watch?v=dOB3N6Hx6Ag

Gold Rocket | Satoshi Club:
Please tell me if there is any other use case for your NFT besides those that you have already named

Mary | Satoshi Club:
So, can your users suggest charities or you will choose yourself?

PyroManny (WILL NEVER DM FIRST):
At this initial stage as each character is tied to a charity, its important to have the first few lined up so there is good structure and organization to the early steps of our project.

After this we will open the floor with our characters and we will also have weeks where we allow the community to choose the charity by way of a vote.

Mary | Satoshi Club:
Gotcha 👍

PyroMike (WILL NEVER DM FIRST):
Initially they will be collectibles and act as the mascots for our chosen charities. As we are aiming to build Pyromaniac into a successful commercial brand alongside the project, we believe they will retain significant value in the future.

We also have plans to gamify them but this is further down the road and we have a number of things to complete on the roadmap first!

Mary | Satoshi Club:
👏

Thank you for your answers! Ready to proceed?

Gold Rocket | Satoshi Club:
Great. this is what I wanted to clarify👍

PyroMike (WILL NEVER DM FIRST):
I forgot to mention 25% of their sales will go to charity – alongside 2% of all transactions of PYRO for that week

Gold Rocket | Satoshi Club:
It’s very generous! Nowadays, your project looks very timely🙌

Ready for the next question?

PyroManny (WILL NEVER DM FIRST):
Let’s do it!

Q4 from Telegram User @Cheriemike
Pyromaniac applies a 12% fee to each transaction. 4% is shared amonst your loyal pyromaniacs. 2% is locked and automatically added to the PYRO/BNB liquidity pool, ensuring a stable price floor. 4% goes to marketing & development, ensuring a self-sustainable future for the coin, while 2% goes to charity.My question is,Isn’t 12% too high especially on every trade a user makes?With such high transaction fee, don’t you think it will scare potential investors away?How will these fees help in the long term success of your project?

PyroMike (WILL NEVER DM FIRST):
I think this is a great question and deserves an explanation.

2% being added to charity is obviously key to our project and allows us to donate significant funds to charity and also means our investors are effectively donating everytime they buy or sell our tokens – which I think is a great use case for cryptocurrency.

4% marketing/development – Now, one major issue we have in cryptocurrency is the amount of projects that fade away. The reason is a lack of sustainability built into the project. If you’re marketing and development funds are based solely in your starting token wallets, they will eventually dry up and you’re only option will be to look for new investment. With our 4% tax we ensure long term sustainability.

2% Auto LP – This is just essential to add liquidity to the pool and prevent the coin from huge price dumps.

4% reflections – This is essentially staking without having to do anything so all holders will receive interest on their investment from the first minute!

In my view, all these taxes benefit the holders so despite having to pay 12% initially, they will get their value for doing so. With the reflections alone they are likely to make the difference back fairly quickly. And I think especially with marketing and development – this is so key to the success of a project in crypto due to market saturation so I think it will fill investors with confidence knowing that our project has a sustainable source of marketing and development funds

Mary | Satoshi Club:
Can these fees be changed in the future?

PyroMike (WILL NEVER DM FIRST):
Yes, they can. Over time the LP will become sufficient and will not require the tax so we will remove that. The other taxes can also be changed but that would require the community’s input first

Gold Rocket | Satoshi Club:
Looks like fair enough math 😁

Mary | Satoshi Club:
Cool! Let’s see what will happen in the future!

PyroMike (WILL NEVER DM FIRST):
😆

Mary | Satoshi Club:
Thank you for your answers, guys!

Ready to jump to the next question?

PyroMike (WILL NEVER DM FIRST):
You’re welcome. Thanks to your community for all the great questions.

PyroMike (WILL NEVER DM FIRST):
Yeah, go ahead.

Q5 from Telegram User @Emidm28
I did read that Pyromaniac will operate 2 lottery draws every week: the NFT draw and the BNB draw. What are the steps we must follow in order to participate in each of them? Can we participate in both at the same time or is it only allowed to participate in one? How many NFT’s will be contributed to the lottery draw? How many winners will there be in each lottery?

PyroMike (WILL NEVER DM FIRST):
So the great thing about our lottery draws is you don’t have to lift a finger.

Every holder that holds at least $100 of PYRO tokens is automatically entered into the draw! All you have to do is check our Telegram channel to see if you’ve won.

So by holding tokens you will automatically be entered into both draws each week and will have the chance to win in both!

The BNB draw will have 20 winners whilst the NFT draw will have 10!

The great residual effect of this of course is creating further and consistent engagement in our telegram group whilst also incentivizing people to hold due to the token utility.

Mary | Satoshi Club:
Did you tie the threshold to the Fiat? 🙂 Why?

PyroMike (WILL NEVER DM FIRST):
Here’s another example of one of our NFT’s that you could win in the draw 😁

Gold Rocket | Satoshi Club:
She is a very stylish thing😁

Mary | Satoshi Club:
I keep admiring your NFTs🙂

PyroMike (WILL NEVER DM FIRST):
Good question.

The reason we’ve done this is that if we try to estimate the price pre-launch we might end up making the requirements too high and not allowing many people to be automatically entered. So we decided on fiat threshold to begin with.

Following launch, we will move into converting the threshold into an amount of PYRO tokens rather than fiat

Mary | Satoshi Club:
It has sense 😀

Gold Rocket | Satoshi Club:
Thanks for your answers!

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

PyroMike (WILL NEVER DM FIRST):
Of course – let’s hear it!

Q6 from Telegram User @NataliyaKil
I have read that Pyro token holders will have exclusive access to pre-sales simply by having a minimum amount of Pyro tokens in their wallet for a specified period of time. So how can we get the Pyro token, how much do we need to have and how long do we need to keep it in the wallet to get this access? Will the conditions be constant and the same for everyone, or can they change depending on the amount of token in the wallet?

PyroMike (WILL NEVER DM FIRST):
Thanks for your question.

You can buy the PYRO token at our presale on Friday 20th August, or on PancakeSwap from Saturday 21st – both at 5pm UTC.

Within the first 2 weeks of launch we will also be available on a CEX.

With regards to the launchpad, you will need to have the tokens in your wallet at the time of the snapshot. The amount has not yet been determined as that can only happen once we have a rough idea of a settled market price. Again, we don’t want to set it so high that no one gets access, but likewise we don’t want to set it too low so that everyone can and there is no exclusivity or incentive to hold PYRO tokens.

Conditions will likely remain the same and we will look to reward long term holders too. This will avoid people buying tokens just before presale snapshots and then dumping thm after

Gold Rocket | Satoshi Club:
Gotcha👍

Thanks for your great answers!

Mary | Satoshi Club:
Thank you for detailed answer! We came close to live part now and I want to ask you to share your main links to social channels, so everyone won’t miss any news from Pyromaniac 🙂

PyroMike (WILL NEVER DM FIRST):
Sure – see social links below! 👇

Website: pyromaniac.io
Telegram: @pyromaniacofficial
Twitter: https://twitter.com/pyro_tweets
Instagram: https://www.instagram.com/pyromaniac.official/
Youtube: https://www.youtube.com/channel/UCxkwcZXJNXCadSYfq26nO4A

Mary | Satoshi Club:
Thanks!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Korryl
What is the meaning of your project name Pyromaniac? why do you choose that name ? is there any special meaning behind Pyromaniac name ? any story behind that name?

PyroMike (WILL NEVER DM FIRST):
This is a really important question so I’m glad you asked 😁

We believe the world is in need of change. Establishments around the world put in place to ensure basic human rights are failing. We can no longer rely on them, and we believe a collective people’s movement lead by our cast of heroes is the way forward. Pyromaniac is inspired by the ethos of Guy Fawkes, a modern symbol for fighting against corrupt and failing establishments. We don’t seek to harm though – violence only causes more suffering. We will help via charity donations and sharing business profits with our holders.

We know it’s on the edge, and that’s the point. We’re here here to do things differently. We believe there’s complacency when it comes to charity donating. People want to donate but many don’t. We realise we need to entice people through new avenues. Call it involuntary donating. Ultimately, we are more than a cryptocurrency. We are a movement striving for change.

We’ve had some really great feedback from major charities including: Save the Children, Water Aid and She’s the First who all thought it was a really good idea and unique way of bringing people into charity.

Q2 from Telegram user @Jmagsss
I see that Pyromaniac will be joining and be seen at the upcoming Comic-Con 2022. What can we expect from this initiative?

PyroManny (WILL NEVER DM FIRST):
We are looking to expand into Comics before the turn of the new year. We have already reached out to Comic-Con London 2022 and are looking to be part of the hosts there.

We already talking to some high-level creative consultants who incidentally worked on the Marvels/ Netflix Luke Cage & Jessica Jones will be assisting us on this project.

Developing deep into the back-stories of all our characters we are truly building a brand with the NFT’s just being the beginning. We will be expanding into Action Figures, Comics, and more – all which we will look to present at Comic Con 2022. From our commercial profits, a portion of this profits will be shared with our PYRO Holders.

Q3 from Telegram user @Hendralinn
Many investors hit and run in the sell and sell session after listing on the first exchange,How did your project prevent early investors from selling their tokens and what benefits you would give them ?Thanks.

PyroMike (WILL NEVER DM FIRST):
Great and very important question.

We are well aware of this and we have a number of contingencies in place.

Firstly, we have set up a few forms of utility from day 1 including reflections & lottery donations.
Secondly, we already have a number of significant charity partnerships lined up which we can announce to fuel new investors and marketing materials when needed.
Following these activities, we will be nearer to launching the NFT marketplace and following that the launchpad.

Effectively, there will always be something just around the corner to incentivize people to hold.

Q4 from Telegram user @Wong2008
I want to know more about your charity program, can you give me an idea about what kind of charities you plan to do?

PyroMike (WILL NEVER DM FIRST):
Good question too.

See the above backstory on Pyroshi for reference.

To sum it up, she was born into an oppressive regime but managed to escape and eventually developed her special ability (teleportation).

She will now use her power to help people that once faced the same problems as her.

In terms of charity, this translates to charities that help people under oppression 😁

Q5 from Telegram user @Pratze
Can you introduce to us the detail about your PRESALE COMPETITION that you have on your project? what kind of event is this and how to join?

PyroMike (WILL NEVER DM FIRST):
Yes, we have around 460 of our most active members helping to promote the coin in a separate group. The prizes are listed in the image above.

They share twitter links, TG links and collectively go and retweet, share etc. to help create exposure for PYRO.

You can check out the Hype group here: https://t.me/joinchat/-cudHmQ6GXk4OGQ8

But please remember that is not the main group! This is @pyromaniacofficial

Q6 from Telegram user @csgonub
There are some people still don’t know anything about crypto so do you have any thinking for getting them into Pyromaniac?

PyroMike (WILL NEVER DM FIRST):
Fantastic question.

This is very important for any project. How do you tap into the 99% market of people that aren’t into crypto?

We have built this brand to be able to co-exist as a commercial brand that sells clothing, action figures, comic books, etc. This benefits holders as we will share profits with them.

However, what it will also do is provide a gateway into crypto for people who fall in love with the more mainstream elements of the brand.

From a functional perspective, we’ll be adding a BNB/PYRO buying portal to the website very early on to lower the barriers, and long term we’re building an app where people can buy our NFT’s and tokens with fiat!

Q7 from Telegram user @bindass90
What is the best mode to buy or where can I buy coins? What are the key features that make this project more advantageous than other competitors in the market?

PyroMike (WILL NEVER DM FIRST):
You can buy at presale on Friday 20th August or on PancakeSwap from the 21st.

Our project is completely unique.

We are merging the worlds of NFT’s, superheroes, and charity in a way that they all operate in tandem with each other.

We also recognize that many projects have huge communities that they don’t leverage as a customer base for a commercial brand that can run alongside it. We will do this, and as a thank you to the holders we will always share profits with the holders via market buybacks and airdrops.

This provides a massive and very unique utility to our token.

Q8 from Telegram user @orlemys
Pyromaniac charity is a great core feature of your platform, I’d like to know if you’ve already made donations and to what charities did they go to, also what was the amount donated? Also, what’s the reason behind the Pyromaniac name?

PyroMike (WILL NEVER DM FIRST):
Thank you – totally agree!

Yes, despite having not launched we have already done donations to two oprhanages in Thailand where we donated around $2000 plus food supplies. You can watch it here: https://www.youtube.com/watch?v=dOB3N6Hx6Ag

The reason for the Pyromaniac name is the following…

We believe the world is in need of change. Establishments around the world put in place to ensure basic human rights are failing. We can no longer rely on them, and we believe a collective people’s movement lead by our cast of heroes is the way forward. Pyromaniac is inspired by the ethos of Guy Fawkes, a modern symbol for fighting against corrupt and failing establishments. We don’t seek to harm though – violence only causes more suffering. We will help via charity donations and sharing business profits with our holders.

We know the name Pyromaniac is on the edge, and that’s the point. We’re here here to do things differently. We believe there’s complacency when it comes to charity donating. People want to donate but many don’t. We realise we need to entice people through new avenues. Call it involuntary donating. Ultimately, we are more than a cryptocurrency. We are a movement striving for change.

Q9 from Telegram user @xperia3
Pyromaniac NFTs are looking quite cool and high quality. Do you have special designers for them? How do you choose your NFT artists? What are the plans of Pyromaniac’s to keep this quality high also in the future?

PyroMike (WILL NEVER DM FIRST):
Thank you!

All of our designs are done in house.

On our core team we have a graphic designer, NFT artist and 3D modeller so we will always retain the same high level of quality. All of our designers have experience working alongside some of the most well known brands in the world.

Meet the team here!

Q10 from Telegram user @chzrles
Considering that Pyromaniac is an excellent initiative for charitable donations, can you mention what kind of organizations do you intend to help with this project? Antiheroes will have their own special ability and unique theme that determines which charity Pyromaniac will donate to, but how many themes will be included?

PyroMike (WILL NEVER DM FIRST):
Great question.

We’ll be launching 12 characters over the first 12 weeks which means 12 different charity sectors.

We believe most people are passionate about a number of causes so we wanted to provide a place where people can come, invest and donate to a number of causes in the process.

We’ll be looking to align ourselves with world renowned charities in order to solidify our reputation and ensure our charity funds are used wisely.

The first one is Save the Children – and we will launch our Pyrokid character alongside that.

Another example is Pyrogirl (see below)

Her charity sector will be female empowerment

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Pyromaniac. They’ve prepared 4 questions for this part. The total reward pool for the 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
Pyromaniac Telegram community: https://t.me/PyromaniacOfficial
Twitter: https://twitter.com/Pyro_Tweets
Website: http://www.pyromaniac.io

We are pleased to announce our next AMA on August 22nd 2021 at 01:00 PM UTC Time: Satoshi Club x Binapet

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Binapet 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. Binapet Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Binapet

For more details:
Binapet Website – binapet.com
Binapet Telegram – @binapet
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish