Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Liti capital Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Liti capital
For more details:
Liti capital Website – liticapital.com
Liti capital Telegram – @Liti_Capital_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 vEmpire DDAO and our
guests was @vEmpiredigital. The AMA took place on 12 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 vEmpire
DDAO! Welcome to Satoshi Club😀
Dom – Romulus – (Won’t DM first): Thanks so much all 🙏🏻 great to be
here 🔥🔥⚔️⚔️
Gold Rocket | Satoshi Club: Nice to meet you 🤗
Mary | Satoshi Club: Welcome to Satoshi Club 👏
Let’s start our AMA 🚀
Dom – Romulus – (Won’t DM first): Great 😊
Mary | Satoshi Club: Could you please introduce yourself and tell us
more about vEmpire DDAO?
Dom – Romulus – (Won’t DM first): Absolutely 😆 so I’m Dominic Ryder, CEO and
founder of vEmpire ⚔️ I started my career as a stockbroker, moving into wealth
management and then private equity.
In regards to vEmpire
the reasoning behind the protocol was as a reaction to all the greed and
screwing over the little guy I witnessed along the way 👊🏻
vEmpire is fighting
centralisation
Dom – Romulus – (Won’t DM first): Starting with the Metaverse companies by
facilitating DeFi esque staking strategies of Metaverse tokens
We’ll use these to
invade the protocols and conquer 🔥
Gold Rocket | Satoshi Club: What is the essence of vEmpire DDAO?
[ Sticker ]
Mary | Satoshi Club: You’re real crypto guy👍
Who is in your fighting
team?
Dom – Romulus – (Won’t DM first): The essence of vEmpire is the community. A normal
DAO rewards the wallets with the most money. I’m the real world leaving running
it to the most wealthy hasn’t worked out so far really has it?
vEmpire’s DDAO is a
Democratic DAO, one vote per wallet above a minimum holding (we would have zero
but have to protect against bots)
Usually no matter what
the community votes
They are overruled by
founders, developers and the team behind the protocol. Not with us 👌🏻
Mary | Satoshi Club: True😃 but, yes, bots usually are a problem
What about team😉
Gold Rocket | Satoshi Club: Indeed, the community is the lifeblood of the
project, its engine. you made the right bet👏
Dom – Romulus – (Won’t DM first): Ah sorry yes 🙌🏻 so it is myself as
CEO, aka Romulus with my brother Mike aka Remus as COO I am the crypto maxi, he
is the gamer ⚔️ we have lots of advisers & people I’ve met along the way
who share my crypto passion and hatred of CeFi you can see the development team
and advisers here https://v-empire.digital/team
Gold Rocket | Satoshi Club: Family business😁👍
Mary | Satoshi Club: Great team! Are you public?
Dom – Romulus – (Won’t DM first): Yes fully KYCd by solid proof and you can find us
all on the website link here 😊
Done
Gold Rocket | Satoshi Club: Thanks for great introduction, we will have several
questions selected for the Part 1. Ready to start?
Dom – Romulus – (Won’t DM first): 100% 🥳 let’s go
Q1 from Telegram User @nadee5
vEmpire DDAO, ,a Democratic Decentralised Autonomous
Organisation which is a new fairer system of DAO which rewards honour and
loyalty to the DDAO in more or equal measure to monetary contributions…In
crypto world there are different DAOs..but,with vEmpire you have introduced
DDAO..So I’m really interested to know, What makes DDAO different from other
DAO projects ?what new features have been added to make it more fairer system
of DAO ?what reason inspired you to introduce this concept ? Thank you
Mary | Satoshi Club: Oh, it’s so rare now, I want to pinch myself and
see if I’m asleep🤣
Dom – Romulus – (Won’t DM first): I know I bet you were shocked when you saw there
were no animals involved at all in this token?! 🤣
Great question
Gold Rocket | Satoshi Club: And food😂🙈
Dom – Romulus – (Won’t DM first): So as I touched on above, the DAO in its original
sense is a great idea, giving (intending) to give power to the community, but
it has shown to be very open to abuse. This is why I wanted to make sure that
whether you had 5K, 50K, or 500K you get the same say in the governance of
vEmpire
And the reason and
inspiration
Seeing every vote
ending up getting passed by just one developer wallet 😆
Dom – Romulus – (Won’t DM first): Done
Very true
Mary | Satoshi Club: Let’s talk about your future brawls with cheaters🤣
do you already have bot prevention system?
Dom – Romulus – (Won’t DM first): Yes we do, as mentioned, the perfect scenario would
be every staked holder having a say in the governance but that isn’t possible
due to the risk of Sybil attacks. This is why we will be setting a minimum
requirement to hold your singular vote. All results will be audited for
anomalies on top just for added protection 👌🏻
Mary | Satoshi Club: Super! Hope it will work👏
Dom – Romulus – (Won’t DM first): We have everything in place 👌🏻
Mary | Satoshi Club: Btw, when we will see everything live?
Dom – Romulus – (Won’t DM first): So I am harassing my devs endlessly to make sure we
have a platform demo to showcase prior to the token launch on 31st August, at
present, we are running on schedule 👍🏻
Mary | Satoshi Club: Very soon🚀🚀🚀
Dom – Romulus – (Won’t DM first): Smart contracts are ready, we are building front
and back end atm
Gold Rocket | Satoshi Club: Thanks a lot for the answers! Look forward to🤞
Dom – Romulus – (Won’t DM first): Welcome 🙏🏻
Q2 from Telegram User @NataliyaKil
So, the presale will take place on Unicrypt on the
31st August 2021 at approx 20:00 PM. How can we get access to the presale and
on what conditions, for what currency can we buy VEMP token and what will be
its cost? Will there be a purchase limit and how much? Under what conditions
will the sale be considered completed and can it be closed? Could you also
clarify the start time of the presale, as the article in Medium says that the
time is approximate (20:00)?
Dom – Romulus – (Won’t DM first): Thanks again, yes so the approximate time is
because the time is measured in Ethereum blocks, these average 12-18 seconds
but they vary so the time will change in the weeks leading up to the sale, but
we will reset it to within 1 minute of 20:00PM BST on the day of the sale 👌🏻
In regards to the other
points
It is worth mentioning
that the VEMP token will also be IEOing on MEXC Global which is one of largest
in the world and ranked in the top 20 by liquidity. So as well as Unicrypt
there will be allocations on MEXC Global as well
The maximum purchase on
Unicrypt is 2.5 Ethereum and MEXC global will be considerably less
VEMP is currently
pegged to Ethereum at;
125000 VEMP per
Ethereum
Mary | Satoshi Club: So, i can assume Unicrypt sale will end fast🤣
Dom – Romulus – (Won’t DM first): This means at 3K per Ethereum, VEMP is worth 0.024,
at 2K 0.02 etc etc
So the way to work it
out is whatever the Ethereum price is on 31st August, just divide it by 125000
and there’s your VEMP price 👌🏻
Well that’s the Hope
for us !
Mary | Satoshi Club: Why did you decide to peg to Eth? Usually projects
like to orient on usdt/usdc etc
Dom – Romulus – (Won’t DM first): Priority list (first 2 hours) goes to holders of
three UNCX or 50 UNCL tokens, then it opens for anybody
As an ERC20 token we
thought this was the best way to go 🙌🏻 we could of pinned to
USDT or USDC but well, it’s a bit boring isn’t it! 🤣
Dom – Romulus – (Won’t DM first): On MEXC you will have a USDT pair
And Unicrypt is
Ethereum so you get the best of both worlds 👍🏻
That was a long one! 😆
good question though!!
Gold Rocket | Satoshi Club: thank you very much for such a detailed answer👏
Dom – Romulus – (Won’t DM first): It’s all about the details 😊
Q3 from Telegram User @meml97
While reading about vEmpire and it’s Trading Card
Game, I couldn’t help but wonder, where will we be able to play this game? Do
you have plans to make it as a browser game or perhaps do you have plans on
launching your own TCG app? Whatever it’s the case, for comfort and practically
purposes, will we be able to play it on our mobile devices too? What kind of
requirements will our devices need to meet to run your game smoothly?
Dom – Romulus – (Won’t DM first): Great I was hoping for a question on our trading
cards 🙌🏻 yes so the trading card game will be hosted on the
vEmpire platform first which will be on desktop. Mobile application is of
course something we want to bring to market ASAP as well but launching an
Ethereum based mobile application game rather than a desktop is a very tricky
beast.
Having a desktop
version first allows us a lot more flexibility and a lot more time for us to
work out any cards that could be overpowered, applying the NFT boosts, gameplay
running smoothly etc etc. We think it is better to launch a mobile game with
perfect gameplay than to rush something for convenience 👍🏻
The NFTs are already
out on Opensea, vEmpire was created to reward loyalty which is why the first
editions are all being released at a low price and marked with a vE, so the
first commons are already sold out which were 0.1 Ethereum but we launched the
reinforcements which are 0.15. These will only go up in terms of the prices new
cards are listed, so early supporters are rewarded as the lifeblood of vEmpire
⚔️🔥⚔️
Mary | Satoshi Club: What about ETH fees? Won’t it be expensive?
Gold Rocket | Satoshi Club: not bad….⚔️⚔️
Dom – Romulus – (Won’t DM first): Gas fees are always something to bear in mind of
course, we are already working on cross chain solutions with talks with polygon
and BSC already underway 💪🏻
We are hoping that the
new upgrades will keep gas lower in the meantime and 2.0 is just around the
corner 🤞🏻
Yes we are already a
top 10 trading card NFT company on Opensea 🔥
Mary | Satoshi Club: Wow, congrats 👏👏👏
Gold Rocket | Satoshi Club: Yes! There is a lot of competition and this is a
good result.⚔️⚔️
Mary | Satoshi Club: Thank you for your answers, Dom! Ready to jump to
the next question?
Dom – Romulus – (Won’t DM first): Of course 👊🏻
Q4 from Telegram User @yellowchamp
I see that the “vEmpire – The Founding Soldiers” NFT
is available in OpenSea marketplace and it has almost 200 items and has 37
different owners. So,as an NFT collector or buyer ,why would we rather choose
to buy your NFT art? How will be those NFT be valuable in the market? Is it
also tradeable? What is the deal between NFT creators and your platform for the
profit-sharing? By the way,why do you choose to sell your NFT to OpenSea? As
you know Binance has also an NFT marketplace,so do you plan to also collaborate
Binance to sell your NFT in the future,as we know Binance has a large numbers
of potential buyers? Thank you
Dom – Romulus – (Won’t DM first): Another multi level and great question so be
patient with my typing 🤣
Mary | Satoshi Club: Np, take your time!
Gold Rocket | Satoshi Club: Take your time😉
Dom – Romulus – (Won’t DM first): Yes so as soon as we have BSC & Polygon
capabilities we will be expanding our marketplaces as well. We are also working
on something very special in this regard with our developers so stay tuned in
our telegram discussion group!
The key thing with our NFTs is that as well as looking really awesome 🤩 they have full utility in our play to earn game on the vEmpire platform. Please see 5.2 of our whitepaper https://v-empire.digital/whitepaper
The more NFTs you own
the better you are likely to do in our game vEmpire: The Beginning
The NFTs boost your
hand with the corresponding card, making it much more likely that you will win
the battles. Like with most NFTs and collectibles. Once people see the utility
and the game is launched on the platform, their real worth and desirability is
likely to skyrocket, as the owners of the NFTs will be the most profitable
gamers on the platform. So I encourage you to get them while you can as they
are likely to get more and more desirable as time goes on (not financial
advice!) 😆
Dom – Romulus – (Won’t DM first): Oh also please see the NFT handbook here to see all
the NFTs that will become available
Gold Rocket | Satoshi Club: I like that nft has a real field of application👍
Dom – Romulus – (Won’t DM first): Yes not just a pretty face 😆
Gold Rocket | Satoshi Club: This will increase their value. 😁
Dom – Romulus – (Won’t DM first): Yes, that is
why I am trying to allow our early community the cheapest access 👌🏻
Q5 from Telegram User @Asela1112
You have integrated 3 tokens called $VEMP- native
token, $xVEMP- governance token& $xsVEMP- battle token. Can you explain the
role of these tokens deeply? Have all they a price in the market? Initially you
mint 90 million of $VEMP tokens. What about the $xVEMP & $xsVEMP token?
Will you mint same amount (90 million) for $xVEMP & $xsVEMP token? And I
didn’t notice any kind of deflation system. Then how will you control Inflation
rate of your 3 tokens?
Gold Rocket | Satoshi Club: excellent opportunities for early birds
Dom – Romulus – (Won’t DM first): Thanks so
xVEMP & xsVEMP will not be tokens in the same right as VEMP and so will not
be publicly tradeable, xVEMP is a “proof of stake” token in that it allows you
to be gifted fees from the vEmpire platform. On unstaking if your xVEMP you
will be given back your VEMP stake + any rewards
xsVEMP is a further
level which allows users to enter our great arena where they can battle other
users in the NFT game for the chance to win more VEMP 🔥 xsVEMP holders
are truly the most daring and bravest warriors of vEmpire 🔥⚔️👌🏻
vEmpire’s supply is
capped at 810,720,000 which is gradually released over 21 years. There is no
additional minting of VEMP
You can find our
emissions schedule and inflation table in the whitepaper
Gold Rocket | Satoshi Club: in fact this is a rather unusual solution. share
your tokenomics with us
Mary | Satoshi Club: Complicated system😃
Btw, will VEMP prizes
be fixed in game? Or prizes volume will depend on factors?
Dom – Romulus – (Won’t DM first): Yes so a DeFi protocol rewards it’s users for
staking tokens onto the platform, these rewards need to come from somewhere,
and so the supply is not just dumped into the market, the emissions are
released to vEmpire’s users and stakers of the platform.
So a user of vEmpire’s
Metaverse token strategy will earn rewards as below. I will use MANA
(Decentralands currency) as an example;
MANA is staked into the
MANA pool, a certain amount of our tokens (95% of our supply is locked) are
sent to users who stake their MANA into this strategy. The rewards send to this
pool & others are decided by the DDAO. This earns users their first yield
which is paid in VEMP.
vEmpire will then use
this MANA to buy land, real estate and collectibles within Decentraland. 50% of
these profits are reinvested and the other 50% are paid back in MANA to
strategy users. This means that you are earning a yield in two different
cryptos from the one strategy, confusing yes but this diagram should help 🙌🏻🔥🔥
Dom – Romulus – (Won’t DM first):
Please see 2.2 of
whitepaper
We leave that to our
users 👌🏻 it will be decided by the community in our DDAO
Mary | Satoshi Club: Oh, true decentralisation 👍 awesome!
Gold Rocket | Satoshi Club: Thanks for sharing 😊
Dom – Romulus – (Won’t DM first): Welcome 🙏🏻
Let’s do it
Q6 from Telegram User @JesusFre1tes
They have recently published their recent listing on
MEXC Global, as part of their $VEMP trading initiative. My question is, why
have you decided to take this important step hand in hand with MEXC Global
specifically and how do you think this will help improve the liquidity, buying
and selling of $VEMP? What are the available exchange pairs that will initially
be included for $VEMP on MRXC Global? Do you plan to venture into other CEX and
DEX in the future?
Dom – Romulus – (Won’t DM first): Yes so the trading pairs as mentioned earlier will
be with both USDT on MEXC & also Ethereum with 60% of the Ethereum we raise
on Unicrypt going into a locked liquidity pool. In terms of liquidity potential
from MEXC, this was one of the key reasons for going with such a large
exchange, over half a billion flows through them every 24 hours and sometimes
more, having accessibility for both seasoned investors through DEX and also
those who may be more comfortable investing through a platform, we personally
felt allowed us to best service all aspects of our community 😊
Mary | Satoshi Club: Will we be able to farm your tokens somewhere?
Dom – Romulus – (Won’t DM first): We also wanted to expand into the Eastern market
where there is lots of innovation in the gaming and NFT space and thought this
would give our early token holders great liquidity and price action support
Dom – Romulus – (Won’t DM first): Yes there are token farming options on Unicrypt and
we will be developing our own on platform solutions as one our first features
released as well ☺️
Gold Rocket | Satoshi Club: do you plan ambassador programs?
Mary | Satoshi Club: Oh, that’s what we like👍
Dom – Romulus – (Won’t DM first): Potentially, we are also looking into and want to
have the top players and gamers in the play to earn and NFT space as members of
vEmpire
A lot of these play to
earn games have options for those who cannot access the assets to play for
others
But the rates seem and
are usually very unfair
With the owners keeping
80% and the players 20%
We want to democratise
this and vEmpire will never earn more from any of its lent assets than the user
does 👌🏻
It will be 50/50
Gold Rocket | Satoshi Club: Thank you very much for the great answers.😊😍
Dom – Romulus – (Won’t DM first): Thanks for the great questions!
Gold Rocket | Satoshi Club: Now if you want to share useful links with us
before opening the chat 😊
Dom – Romulus – (Won’t DM first): Yes sure I will be share our FAQ page 👌🏻
it is also worth me mentioning that we have great support from some really big
names, Jeff from Axie Infinity for example, me and him are currently chatting
and he is very impressed with vEmpire, nothing signed or agreed yet but watch
this space!
Alongside that we have
had articles written by us on Forbes by Cathy Hackl as well as mentions from
other top influencers such as Spartan black, DCLblogger & more
Please see our FAQs and
also how you can win 1% of VEMPs total supply 🔥😱🔥⚔️
FAQ for vEmpire’s $VEMP
token 🔥⚔️🔥⚔️ Listing on MEXC Global – Top 20 CEX
How much will 1% of
VEMP be worth if vEmpire gets to the size of MANA? $10,000,000 😱
Where can I see or add
my clue?
https://docs.google.com/spreadsheets/u/0/d/1xzTjEvo9HYhCnGNzZb-QR_OtHpePBWFGO2_DD6evKns/htmlview
(https://docs.google.com/spreadsheets/u/0/d/1xzTjEvo9HYhCnGNzZb-QR_OtHpePBWFGO2_DD6evKns/htmlview#)#
Part
2 — live questions from the Telegram community
Q1 from telegram username @Gutike95
If really many projects are looking to unite the
existing benefits both in DeFi with in CeFi, then why does vEmpire DDAO see
CeFi as the real problem of financial debacles? Or is it just a specific
feature in CeFi? If so, won’t CeFi’s other features affect finances?
Dom – Romulus – (Won’t DM first): After my experience in the financial services
industry, I see all CeFi as a problem. I could write stories upon stories for
days on my experiences but I wanted to highlight especially how I’m seeing the
same mistakes repeated in the Metaverse as we saw in the Great Recession, I
highly recommend anybody who wants to learn why I created vEmpire to read this
medium article i wrote
Almost all investors are focused on the price of the
token in the short term rather than understanding the real value of the
project. Can you tell us about the motivation and benefits for investors to
hold your tokens over the long term?
Dom – Romulus – (Won’t DM first): Yes us crypto investors are quite the short terms
thinkers at times 😆 my thoughts behind vEmpire is all about our repeat
platform users and the long term benefit stakers will see from the platform.
This is why at every level I have incentivised long term holding, with the
vEmpire strategies you can stake one token for yield, then stake that VEMP
yield into the DDAO for more yield, and then stake that further to xsVEMP for
even more yield 🤩
Our long term holders
will always get the biggest rewards and are much more likely to be successful
in play to earn 👌🏻 more in our whitepaper!
Q3 from telegram username @biggdata
vEmpire is a project built on the Ethereum platform,
but will you just stick with the Ethereum platform or will you expand the
vEmpire ecosystem with new networks to take advantage of other networks?
Dom – Romulus – (Won’t DM first): Yes we are already in talks with Polygon and
vEmpire is very much a cross chain project including wanting BSC utilisation on
top of Ethereum in the near future 👌🏻
Q4 from telegram username @AnimeshBidua
✅🟥✅🟥✅🟥✅🟥✅
💠Does your vEmpire DDAO have any token? If
it is there then how I can buy them??
💠Is there any NFT from vEmpire DDAO?
🔺🔺🔺🔺🔺🔺🔺🔺🔺
💠What are some key benefits that satisfy
investors that there is no scam or loop holes in project??
Dom – Romulus – (Won’t DM first): The token was minted through Unicrypt which means
that it is fully audited with no additional minting option. We have also had KYC
by solidproof.io and we have locked 95% of the tokens to give you faith that we
are certainly in this for the long run ⚔️🔥
Q5 from telegram username @Tahsinahmett
Will you have criteria to equalize the advantage of
experienced players to new players in Treasure Hunt “The Emperor’s
Scrolls”? For example, do you have any limitations such as easy, medium,
hard mode?
Dom – Romulus – (Won’t DM first): So the vEmpire Emperors parchments quiz is at first
a quest that can only be solved by the Empire working together to solve the
clues. vEmpire encourages community and so if people keep clues to themselves
then nobody will be able to enter the final battle to win 1% of vEmpire’s
supply. Eventually the quest will turn into a battle of individuals, but for now
nobody can progress unless the Empire community works together to get the last
three clues from the last influencers left!
Really Centralization is capable of causing a great
financial debacle in any project? If so, then why hasn’t Bitcoin suffered this
final debacle if it hasn’t yet made its network fully decentralized? or is
bitcoin totally different?
Dom – Romulus – (Won’t DM first): So I would point again to the medium article,
preventing a Metaverse financial crisis. The same mistakes in the Great
Recession of securities made of securities made of securities is being repeated
by some greedy venture capitalists 🤬
There are NFTs being
made of NFTs which themselves are part of an investment trust which has been
made into NFTs…. This sort of leveraged securitisation never ends well and pops
eventually. Please read more here
The Covid pandemic has greatly affected life and
economy around the world, how does it affect vEMPIRE?
Dom – Romulus – (Won’t DM first): Covid was awful for so many people. For a select
few and me included being stuck at home allowed me the clarity to see what I
wanted from life and what I wanted to stand for. This gave me the push to write
my whitepaper and this is where it all began for me and the team 😊👌🏻
Q8 from telegram username @Indomiekuy
Do you think community is important for vEmpire ? Do
you have any program that still ongoing now that related to community like
ambassador, bounty, or airdrop? Can you announced it here?
Dom – Romulus – (Won’t DM first): Community is the single most important aspect for
any new or existing crypto. Hands down no question. This is why at every level
of vEmpire we want to reward users. Do not be fooled by some projects offering
airdrops and other short term incentives, these rarely build a true community,
vEmpire rewards loyalty above all, join our fight and reap the rewards of our
battle from within ⚔️👊🏻💪🏻
Q9 from telegram username @nadee5
What key features
distinguish vEmpire from
other NFT games
?
It does take time but
you will truly be able to see I am telling the truth when I say that there is
no project out there right now that is doing
What vEmpire is doing.
We are a brand new concept in the crypto world. Almost every token this year is
some sort of animal, food o just a fork with a slightly improved feature. Not
vEmpire. vEmpire is crafting a new sort of protocol and a new niche in this
world we love 😍
Q10 from telegram username @ethcypherpunk
vEmpire includes games like cards, battles and
metaverse features, can you mention if you intend to add other types of
entertainment-related features?
Dom – Romulus – (Won’t DM first): Yes absolutely, so more games will be added which
will include even more utility for the current NFTs on sale now. vEmpire will
eventually build its own Metaverse and a home planet for our army. All
Metaverses need wearables, and our NFT owners will be first in line to where
the armour their cards possess 🔥⚔️
We want the early
supporters to be the ones who benefit the most from vEmpire this is why we
released the NFTs before the token, so whilst the greedy whales aren’t
noticing, we can share the earliest NFTs with the REAL community 🔥⚔️🔥⚔️
Part 3 – Quiz Results
As usual, for the third
part, Satoshi Club Team asked the chat 4 questions about the crypto project. A
link to a Quiz form was sent into the chat.
For
more information and future AMAs, join our Social Media channels:
Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from BtcProxy and our guests was @donnkim – representatives of BtcProxy. The AMA took place on 11th 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 BtcProxy!
Welcome to Satoshi Club😀
D. | Satoshi Club: Today our guest – @donnkim ! 🚀
Good to have you with us today 😊
Donn K:
Mary | Satoshi Club: Welcome to Satoshi Club 😀
Donn K: Hello everyone and thank you for having me here at Satoshi club.
D. | Satoshi Club: Hello! nice photo! 👍
Donn K: Thank you.
Mary | Satoshi Club:
So, let’s start our AMA! We are really excited to hear more about BtcProxy 😀
And we will start with intro!
Could you please introduce yourself and tell us more about BtcProxy 😀
Donn K: Yes thank you.
My name is Donn Kim and im the founder of BTC Proxy.
I’m also the CTO of Krypto in Investment Advisors which is the sponsor to a Bitcoin ETF in the USA.
BTC Proxy is an institutional BTC Bridge to Defi built on Matic L2
Mary | Satoshi Club: Do we have chances for ETF in the nearest future?😀
Donn K: And the governance token is $PRXY
We will see it is currently undergoing review🤞at the SEC
Mary | Satoshi Club: Hope one day we will get it😀
Donn K: I think we will get one soon and hope that ours is one of the approved ones.
Mary | Satoshi Club: It will be a great day for crypto community 👏
Donn K: Yes USA is the last frontier and it would be a great day for retail investors.
D. | Satoshi Club: By the way, what was the motivation to create BTC Proxy? and how long project under development?
Mary | Satoshi Club: For sure 👏
Donn K: Well the project is the combination of blockchain tech and the Exchange Traded Funds.
learning how ET products were structured and how they are used by institutions enabled us to develop a similar structure using blockchain
in a way that they would use it
to tell you the truth we begain in 2017 experimenting with different models but we failed to launch in the ICO era because the product just wasnt good enough
so we literally retooled and created system to fit the needs of the potential users
Mary | Satoshi Club: So long😀
Donn K: I think we have found product-market fit here from the feedback we’ve received.
Mary | Satoshi Club: I am sure you did it perfectly 😃
D. | Satoshi Club: I suppose now is the right time for such a project as yours in DeFi era 👍
Donn K: We had the help of many people, just a shout out to my partner on the asset management side if he is watching Jason Toussaint
we think we have something special here
just wanted to also mention that because of the emergence of governance tokens in the past 1.5 years we were able to create this PRXY ecosystem
and was able to bring another very special function which is the ability to FARM BITCOIN
D. | Satoshi Club: Haha great! 👏👏👏
Mary | Satoshi Club: Yes, governance is important and, to be honest, i almost don’t know any project which launched without governance lately 😀
Donn K: Thats right, it is important to separate of the value capture from the protocol
Mary | Satoshi Club:
Donn, thank you for your intro! It was informative and detailed 👍
We also collected 6 questions from our community for the first part
Are you ready for them?
Donn K: I just wanted to make an announcement to our community before we start.
Mary | Satoshi Club: Of course 👏👏👏
Shoot it🚀
Donn K: BITCOIN FARMING goes live at 200pm UTC so go-to app.prxy.fi and stake your PRXY to earn BTC
today is the launch of our Bitcoin Farm and the bitcoin was generously donated by Alphabit Digital Currency Fund.
D. | Satoshi Club: Insane possibility to get bitcoin from farming 👀
🚀🚀🚀
Donn K: We believe it is a great product because BTC is not a shitcoin and the value is stable
So people will be interested in this type of return
D. | Satoshi Club: Totally agree!
Q1 from Telegram user @josegamboac BTCpx adds value to the crypto ecosystem. By combining the ubiquity and maturity of BTC, the functionality of ETH and the scalability of the Matic (now Polygon) network. BTCpx opens up a world of possibilities that allow your Bitcoin to perform like never before in the world of DeFi. So what are the uses that can be given to BTCpx?
Donn K:
BTCpx is considered a bridge to DeFi for certain users that do not or cannot
sell their Bitcoin. The way it is different than other wrapped BTC products is
that the user directly deposits their BTC into a 3rd party custodian where you
know it is safe, there is no threat of a rug pull, it is insured against loss.
The user can mint an erc20 or polygon version of their BTCpx where they will be able to utilize it to farm yield. Hopefully with some time we can have various pools set up where they can stake it. One such one that we are planning is a BTCpx/USDT pool on Polygon
So essentially BTCpx is the Bridge👍
Mary | Satoshi Club: So, currently you have both erc20 and polygon tokens? Do you have plans to add more networks?
Donn K: We initially began with these two networks and will likely expand next to BSC since that is where a lot of the defi is happening.
D. | Satoshi Club: But could you explain a little bit more, how BTC Proxy is different from other ‘wrapped and pegged’ BTC versions in DeFi like WBTC or renBTC? like explanation for dummies 😁
Mary | Satoshi Club: This would be great!
Donn K: Sure we have a small table that shows the differences.
Donn K: The main difference with WBTC is that WBTC has no interface and it is a centralized product. The holder of WBTC has no rights to redeem it for BTC.
There is no governance associated with WBTC either.
but what WBTC has is it uses Bitgo as their custodian
this is why it is 15x larger than renBTC
a lot of institutions are using this product
and that is the main drawback for renbtc. with ren they themselves hold the BTC somehow
so the custody part of renbtc excludes it from a lot of usage
Mary | Satoshi Club: True😀 btw, as i understand you mainly or 100% concentrated on institutionals😀
Donn K: Here is an image for the roadmap for those interested.
it is focused on them but it is open for permissionless usage
so anyone can use it. and its cheaper than Ren to mint your BTCpx
there is no ETH Gas fees required
D. | Satoshi Club: As i know Ren also works with other assets and allows to use those in DeFi like Zec and Doge – renZec/renDoge. do you also have plans to do something similar or you focusing only on BTC?
Donn K: At this moment in time we are going to be focused on bridging bitcoin only
D. | Satoshi Club: Gotcha 👍
Donn K: Bitcoin is 50% of the market so we think that is large enough.
Mary | Satoshi Club:
Thank you for your answers! Ready to proceed?😀
Donn K: Yes
Q2 from Telegram user @orlemys You’ve said that confirmation of Bitcoin blocks onto an Ethereum smart contract using a Matic side-chain makes Proxy the cost-effective choice. This is quite a complicated statement for crypto newbies, like myself. So would you please explain this process in simple detail? As I know Ethereum fees are extremely high, so I’m really curious to know how making use of it would have as a result, gasless transactions. What is the exact function of the Matic side chain in this context? Why don’t all projects make use of similar strategies? How safe is it?
Donn K:
This is an Layer 2 project where we are putting all the information from the
Bitcoin Blocks onto Matic instead of ETH because it would be incredibly
expensive to do so.
each time your push data to ETH it has a cost so putting that on matic made sense
Since Matic and ETH contracts are synced, only when we need to push data to the ETH chain do we do so and that is the only part of the transaction that requires gas.
Not all projects will use the same strategy because you have to weigh the cost benefits of the implementation of that L2. Does it save costs is the real question and each use case has to be weighed. 👍
Mary | Satoshi Club:
What is the minimum/max amount of BTCpx a user can mint?
Donn K: About $100 worth.
Mary | Satoshi Club:
Oh, it’s ok and acceptable for anyone 😀
Donn K: It’s permissionless so anyone can use it.
D. | Satoshi Club: So you think Matic is the best L2 solution? are you looking into Optimism or any other L2 solution which will be launched in the future?
Donn K: The system is already built and we started over 10 months ago.
and Matic was the best option
at that time
D. | Satoshi Club: Yes they are know what they doing 😊
Mary | Satoshi Club:
Thank you for your answers, Donn! Do you want to add something or we can go to
the next question?🚀
Donn K: They knew that ETH needed an L2 back in 2018
incredible job and very good support from that team
pls go ahead
D. | Satoshi Club:
🚀🚀🚀🚀
Mary | Satoshi Club: They saw future 😀
Q3 from Telegram user @JesusFre1tes I read that BTC Proxy has Commercial Crime Insurance to further protect its clients’ assets, with insurance coverage arranged by Aon through a selection of international insurers. What have been the strategic advantages of using Aon for such an important purpose as securing a decentralized platform? Which international insurers are part of the comprehensive crime insurance that BTC Proxy has implemented to prevent the theft of digital assets?
Donn K: So just to be clear BTC Proxy is not the one that is insured.
It is the funds that are held through the custodian that are insured.
Assets placed into custody with Hex Trust are covered by AON insurance for Crime and Inclusions. You can read more about it on the Hextrust.com website.
The strategic advantage is that for certain institutions and users they do not or cannot sell their Bitcoin. So instead they are staking it into custody instead of selling it or swapping it.
Selling it or swapping it with a CEX has some counterparty risk and then swapping it for another token can result in slippage. So minting an equivalent is an option that has insured counterparty risk and no slippage reduces the risk 👍
Mary | Satoshi Club: Does it add additional expenses for those who are using this?
Donn K: There are small fees to mint and redeem.
.1% to mint and .3% to redeem – this is due to costs associated with insurance and custody.
But it is these fees that we earn that are shared with the stakers of PRXY.
Mary | Satoshi Club: Really small😀
Donn K: So PRXY stakers will earn a portion of these fees.
D. | Satoshi Club: Nice profit for them 👍
Mary | Satoshi Club: Excellent!
Donn, thank you for your answers! Ready to go to the next question?🎉
Donn K: And that fee is in Bitcoin 🙂
Sure let’s go
Q4 from Telegram User @Jmagsss In order to earn $PRXY one must mint first $BTCpx token by swapping it by Bitcoin. Let’s say that all the Bitcoin in the world were minted and swapped for $BTCpx, how would the supply of $PRXY token comprehend that scenario. Can its supply coordinate with the supply of Bitcoin itself? Can you tell us more about your token economy?
Donn K:
The max supply of PRXY is limited to 21M exactly the same as BTC. The two
tokens are related but the existence of BTCpx will not have a bearing on PRXY.
Some of the supply of PRXY is controlled by the foundation and given as a reward for using BTCpx. We would have do some calculations and determine how much PRXY would have be issued for a reward on an case by case basis.
Mary | Satoshi Club: Could you tell us more about PRXY tokenomics?😀
Donn K: The only thing that would happen is that so much in fees would be earned.
That it would drive up the price of PRXY.
D. | Satoshi Club: The supply of PRXY will be always limited to 21mil? or is it possible to change it through governance voting?
Donn K: So the max supply of 21M of PRXY will be mined over 2 years.
There is only about 10% of that currently mined and only about 470K in circulation.
So we aim to keep the circulation low in the beginning until we see real usage and adoption.
Mary | Satoshi Club: Ohhh, that’s what we love😀 small circulation supply
Wise decision!
Donn K: That is why we just rolled out staking so that it would further limit circulating supply.
1/2 of the prxy that is mined is going to be offered as rewards to BTCpx users.
And incentivize them to use our protocol instead of the competitors.
We will open a swap shortly.
For Renbtc and wbtc holders to swap it for BTCpx and reward that swap with some PRXY.
D. | Satoshi Club: Smart move 😉
Donn K: Yeah there is over 11B in tokenized BTC in the market so the liquidity is out there.
D. | Satoshi Club:
👍 @donnkim big thank you for the great answers! ready to move onto the next
question?
Donn K: Yes.
Q5 from Telegram user @Arisabela Can you tell us the characteristics of the cold and frozen wallets implemented on your ecosystem? I saw there will be needed to request a withdrawal that must be authorized in order to transfer funds from these wallets, can you tell us if this is an automated process? What chances will the users have to get a negative response?
Donn K: Well the two wallets are separated.
Both wallets require multisig and at least 2 users to approve withdrawals.
We allocate a certain portion to the hotwallet for redemptions for that day.
And under a certain threshold there are no approvals necessary as it is rule based.
So if a user gets a negative response it is because the hotwallet has to be replenished.
Or it is over the threshold.
But all transactions are stored so we can deal with any negative responses👍
Mary | Satoshi Club: How long it usually takes to replenish hotwallet? 24 hours? And how often you give negative response?😃 I mean – is it common or unusual situation?
D. | Satoshi Club: In this case how much user have to wait to get a positive response and be able to withdraw funds?
Donn K: We have a system where we replenish the hotwallet once a day.
Positive response is immediate.
And confirmed on Eth/matic.
As well as BTC.
It is a coordination of all three chains.
Mary | Satoshi Club: Thank you for your answers! Are you ready for the 6th and last question from this part?😃
Donn K: Yes.
Q6 from Telegram user @h1drX It is true that the centralized exchanges and systems exponentially increase counterparty risk of theft or loss and an inefficient transfer of value resulting in price slippage. But this decentralized bridge called Proxy Relay Protocol is not also vulnerable to attacks or even operational deficiencies? Can Proxy BTC guarantee total security of the system?
Donn K: Well let me start by saying no system is 100% risk free.
But there some systems are safer than others – especially those that use multisig.
Centralized exchanges are not regulated so of course they are exposed to more counterparty risk. Think of IDAX think of MT Gox and all the rug pulls from these small exchanges.
Decentralization helps to solve this but currently the biggest vulnerability at the moment are these CROSS CHAIN bridges.
D. | Satoshi Club: Right.
Donn K: We just saw the 600M hack on Poly Network that was a cross chain bridge.
BTC Proxy does not use pure decentralization for the matter because storing BTC on one of these bridges is extremely risky.
Mary | Satoshi Club: Yes, one of the biggest hacks ever.
Donn K:
It is much safer to place it into a regulated and insured custodian.
No system is 100% safe but we believe BTC Proxy to be an extremely safe protocol because the BTC is completely out of reach. 👍
Mary | Satoshi Club:
And of course you passed audit, right?😃
Donn K: Of course.
I will post link to it later.
Quillhash was the auditor.
Mary | Satoshi Club: Great choice!
Donn, i like our conversation very much, but i feel that something exciting is coming 😂
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Korryl May i know what are the reason of using BtcProxy for your project name ? any special meaning behind this name ?
Donn K: Ill answer this easy one. Proxy was chosen because proxy means representative and BTCpx is a representative of BTC on a different chain.
Q2 from Telegram user @ethcypherpunk Do you have plans to create pairs of BTCpx / with other tokens such as WBTC or renBTC with concentrated liquidity models to facilitate and incentivize liquidity? something like BTCpx / WBTC / renBTC pair in Curve.
Donn K: We will create pairs of BTCpx with Ren and Wbtc and possibly a 3rd pair in CRV to establish peg.
But the benefit to these pools is there is no impermanent loss.
Q3 from Telegram user @Ble73 Where can we currently buy your tokens and where have they been listed so far?. And please share all social media handles we can get adequate information on this projecg.
Q4 from Telegram user @surendra040 You mentioned earlier minimum 100$ worth BTCpx can be minted. Do you have any guide for a new beginner like me to participate on it?
Donn K: Yes you can find all information and instructions on how to use the platform at docs.btcpx.io
Q5 from Telegram user @Kathdm Since the July 30th launch the $PRXY token has fluctuated in value from as high as $55 to as low as $15. This is still 10x from the private sale price. What was your perspective on the launch of the $PRXY token? I read that after the listing on Uniswap what followed was a 25X from $2 to over $55 in 12 hours and the 1spot on Dextools for multiple days. Did you expect that explosive interest that the community had in PRXY? After launching , what have you been focusing on?
Donn K: We cannot unfortunately comment on the price as that is out of our control but what I can say is that the price action on Day 1 proved that the protocol has value equivalent and exceeding that of Ren.
Q6 from Telegram user @Nonerlike I want to know more about your platform roadmap ahead and what are your achievements made till now? Do you have any partnership and collaboration made ?
Donn K: Yes we have great collaboration with many partners.
Q7 from Telegram user Jorge There are rumors of being listed in a top 5 CEX soon, can you confirm exchange and date?
Donn K: Many people have been asking about our CEX exchange listing and as of now we are talking to multiple exchanges but none have been confirmed. CEX exchange listing takes a long time because that process is very centralized but we anticipate that we will be on shortly.
Q8 from Telegram user @captainprice111 What is the function of $PRXY other than as a governance token? Why should I hold $PRXY long term?
Donn K: The main function of $PRXY is to FARM BITCOIN at app.prxy.fi
Q9 from Telegram user @parmeet1 What do you think is your strongest advantage will keep your team ahead of the market? In contrast, what are your weaknesses?
What strategy does your project use to attract new users and investors and retain them for a long time?
Donn K: We want to establish the market capture of Bitcoin Farming for PRXY and institutional Bridge to Defi these are our main values.
Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from BaconDao and our guest were @JoelDave97, @lyons800 and @virtualbacon. The AMA took place on the 10th of August.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We are pleased to announce AMA with BaconDao. Today our guests are @JoelDave97 @lyons800 @virtualbacon.
Joel Davies | BaconDAO: Hey guys! glad to be here 🙂
Oisín | BaconDAO: A pleasure to be here!
Andrés M. | Satoshi Club: Welcome to our group @JoelDave97,@lyons800, @virtualbacon!
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club! We are very glad to be conducting AMA with BaconDao! 😁 How are you doing today guys? 😊
Joel Davies | BaconDAO: Very good thank you! Busy as always 🙂
Oisín | BaconDAO: Great, just busy finalising some things for our Launch🙂
Gold Rocket | Satoshi Club: Yes our century makes us hurry 😁
Oisín | BaconDAO: This is very true, we’re delighted to be here.
Andrés M. | Satoshi Club: We know, thanks for taking your time to share with us today 😁
Gold Rocket | Satoshi Club: Thanks for joining guys!
Joel Davies | BaconDAO: No worries! glad you guys could have us here 🙂
Gold Rocket | Satoshi Club: Let’s start! Introduce yourself please. How did you get to be involved in crypto & BaconDao? Tell us please about your position in BaconDao?
Andrés M. | Satoshi Club: Let’s begin with the AMA, please give us an introduction about you!
Oisín | BaconDAO: Sure! My first name is Oisin and I am the Operations & Community Lead for the BaconDAO.
Gold Rocket | Satoshi Club: Nice to meet you 🤗
Oisín | BaconDAO: I’ll do a quick intro for the whole team and let Joel do his own.
Joel Davies | BaconDAO: Sounds good @lyons800! So I got involved in crypto about 2 years ago and have been full invested ever since. I come from a marketing background so very happy to be doing all things marketing for BaconDAO 🙂
Gold Rocket | Satoshi Club: Great experience👍
Oisín | BaconDAO: To add some context on myself: I am primarily involved in business strategy, development and other back-end operations such as community etc. I have a lot of DAO experience and love working with the rest of the team to build the BaconDAO into the ultimate Content DAO.
So Dennis is of Course founder and face of BaconDAO – He’s an extremely well known influencer in the space and is also the lead developer for BaconDAO.
Then we have Josue who is our lead designer and media creator: he works on all the awesome designs we have ! And heavily involved in content creation too.
Next is Weatherboyy or Duncan: He is our Events and Community Lead: In charge of the smooth running of events etc. and also the front end community management.
Finally we have Wwoonka or Tezi: He is our lead technical analyst and the most active person currently in our discord!
Andrés M. | Satoshi Club: Amazing team behind a great project.
Gold Rocket | Satoshi Club: Are these all core team members? Is your team anonymous or public?
Oisín | BaconDAO: These are all core team members – our team is fully public and so are all of our socials.
Gold Rocket | Satoshi Club: It’s really works for your positive reputation.
Joel Davies | BaconDAO: Yes, so our team is fully public and can be found on our website. (https://bacondao.com/)
Gold Rocket | Satoshi Club: Thanks for sharing!
Andrés M. | Satoshi Club: So, what is the essence of BaconDAO and which products do you offer?
Oisín | BaconDAO: BaconDAO has a goal to become the go-to educational and research DAO. We offer a range of resources for members.
Of course to begin with, we have our fantastic community who consist of over 25k members, our contributors and moderators.
Ultimately as a DAO: Our community is extremely important; however, we have currently about 20 paid contributors in charge of producing top content in the space for research and educational purposes through different “channels” in discord.
Gold Rocket | Satoshi Club: Community is the lifeblood of the project, its engine. Doing it right, you can easily achieve success😊
Oisín | BaconDAO: I completely agree. We have a range of channels covering all sorts of topics (by our contributors) for our community to engage with and we have some fantastic contributions from the community.
All in all, without our community BaconDAO wouldn’t be where it’s at today!
Andrés M. | Satoshi Club: A big community, I’m excited to know more about your project!
Gold Rocket | Satoshi Club: Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?
Oisín | BaconDAO: For sure, I will try to answer the question above in some more context as we go on 🙂
Andrés M. | Satoshi Club: Let’s begin!
Q1 from Telegram User @albertjaison:
Currently NFT is developing and becoming a new innovation in the Blockchain world. However, many Artists / Creators still don’t understand how to create NFT. How does BACON solve this problem? Do you have plans to educate about NFT to Artists outside of Non-Crypto?
Oisín | BaconDAO: Great question:
NFTs are of course extremely established already in the crypto space and are becoming more and more popular with new artists looking to expand into the blockchain space. At BaconDAO we have the ultimate resource for budding artists and that is our NFT chat and NFT educational program.
We currently employ and NFT contributor that is dedicated to answering nearly all questions that our users have in the NFT space. This is super useful for artists and we’ve already had loads of artists ask questions on different aspects of NFTs through this means.
Next, we have the NFT educational program that we will be releasing soon : This is designed to teach beginners in the crypto space(be it a small artist or just someone wanting to learn) all about NFTs, what they are, how to utilize them effectively, and much more!
We also have the BaconDAO NFT Launchpad that is in our roadmap. This aims to help bring artists and their collections to the market from start to finish.
Gold Rocket | Satoshi Club: Full construction 😁
Andrés M. | Satoshi Club: Great idea to increase the adoption 👏 The educational program will be free for everyone?
Joel Davies | BaconDAO: So, it is gated buy our NFT membership tiers. These NFTs can be farmed by staking $BACON on our website. The way we see it is that if members are unhappy with our products, they can simply unstake and get their money back.
Gold Rocket | Satoshi Club: Thanks for your answers.
Andrés M. | Satoshi Club: It sounds perfect! Thanks for sharing it. Ready to proceed with the next question?🥳
Joel Davies | BaconDAO: Ready!
Oisín | BaconDAO: For sure!
Q2 from Telegram User @victorogb:
Out of a total supply of 200 million $BACON tokens, BaconDao has reserved a total of 2 million tokens to be airdropped to the initial team of contributors and long-term members, 26 million to be distributed in private sales and 4 million will be distributed in public sales. Since tokens are already allocated for sales, especially public sales, why has BaconDao also opted for the choice of airdrops, and what is the duration of this airdrop event, and with an allocation of only 4% of total supply to public sale, would such limited figures be sufficient enough for this event and how will BaconDao look to compensate early investors?
Oisín | BaconDAO: Early investors in the $BACON token are given the opportunity to invest at seed, and private sale prices in the project. This incentivizes their early commitment with vesting periods to ensure their long term commitment in the brand.
Airdrops are used to reward our long term members: For core team/contributors etc. The model is designed to both reward and ensure their continues to be a long term commitment through vested interest.
For community members – we airdropped tokens to those that had reached a certain level in our discord to show our appreciation for their participation and commitment.
The allocation of 4% to our public sale is a model we’ve decided was sufficient alongside help from our advisors, there is more available in liquidity afterwards.
Gold Rocket | Satoshi Club: Sounds fair enough.
Andrés M. | Satoshi Club: Discord is the unique way to join the airdrops?
Oisín | BaconDAO: Yes but the airdrop period is over now.
Joel Davies | BaconDAO: The airdrop period was for the members of the discord who were there from the start. We wanted to reward those community members for helping us build BaconDAO.
Andrés M. | Satoshi Club: Thanks for clarify it 😃 Btw, talking about long term holders, which other benefits do you offer for them?
Oisín | BaconDAO: Long term holders of BACON can benefit through staking their BACON in our farm dashboard. They can earn rewards from these farms and by staking a certain amount they can achieve the higher membership tiers.
Andrés M. | Satoshi Club: Well done, community is the pillar of the projects.
Gold Rocket | Satoshi Club: Could you tell us more about your tokenomics?
Oisín | BaconDAO: What exactly would you like to know?
Gold Rocket | Satoshi Club: Thanks for sharing! This is exactly what I wanted to clarify 😁
Oisín | BaconDAO: Ah I understand, I can answer any other questions you have on these in more depth.
These membership tiers are designed to rewards long term holders by providing things like extra gem analysis and access to more alpha content, membership services and even a BaconDAO investment fund through enzyme.fi or a similar one.
Gold Rocket | Satoshi Club: I think this is a unique system 👍
Oisín | BaconDAO: Yes it’s the first of its kind! Long term members can earn rewards while also achieving some top level services from our team of contributors!! Something we’re quite proud of 🙂
Andrés M. | Satoshi Club: Thank for the clear answers, I think the question has been covered correctly.
Gold Rocket | Satoshi Club: Thanks for your answers guys 😊
Andrés M. | Satoshi Club: Let’s proceed with the next one, or do you want to add something else?
Oisín | BaconDAO: I think we covered everything 🙂
Joel Davies | BaconDAO: Yes, I’d just like to add that the initial airdrop is not the only rewards we will be giving out to the community. We also have a $BACON earn system where members can earn Bacon for providing value to the community. More details about this system can be found here: https://hub.bacondao.com/t/earn-bacon-with-bacondao
Andrés M. | Satoshi Club: Great info, more opportunities for our community to join 😁
Joel Davies | BaconDAO: Exactly! 🙂
Oisín | BaconDAO: I would love to add some more context on this in further questions.
Gold Rocket | Satoshi Club: Feel free 😉
Andrés M. | Satoshi Club: Thank you so much, let’s proceed!
Q3 from Telegram User @yellowchamp:
One of the Token benefits of $BACON token is MENTORSHIP SERVICE in which $BACON is the native currency within BaconDAO to pay for mentorships and 1-on-1 access to VirtualBacon and contributors. So, can you explain more about the Mentorship Service that your platform is offering to $BACON holders? What are the inclusion of this Mentorship services that BaconDao offer? How does this mentorship services works? Is there any minimum amount to hold to avail this mentorship services? How $BACON holders can access to VirtualBacon? Can you explain what are the services offered with this VirtualBacon? How does this VirtualBacon being executed in your platform? Thank you.
Oisín | BaconDAO: Yes so as we pointed out above, we have three tiers Purple, Gold and Platinum.
We are always trying to provide these tiers with as much value as we can and one of these ways is through the mentorship service you pointed out.
This service will give members holding the platinum status access to not just virtual bacon, but also all of our paid contributors!
The platinum tier is available to those who stake and farm $3000 worth of Bacon.
This is amazing value as the user can stake this and earn rewards, then unstake at any stage!
Ultimately, there is actually no direct cost associated with accessing these tiers, only the requirement to stake and hold our token – unlike many other services at this level.
Joel Davies | BaconDAO: Yes and as we have contributors who are experts in all aspects of crypto, members can learn from the best in any niche! Wether that be NFT, BSC, Polygon or if they simply want a 1 on 1 session learning TA.
Andrés M. | Satoshi Club: Completely agree, that’s amazing. So, please tell us how is the process to buy $BACON tokens?
Oisín | BaconDAO: Currently the process to obtain BACON tokens can be done in a few ways.
We obviously plan to launch very soon so users can get bacon token through achieving the whitelist status for the launchpad we will be launching on.
After that, users have the ability to purchase through Uniswap, PancakeSwap and a centralised exchnage yet to be announced. We will have liquidity on each!
This leads me back to the membership rewards that I wanted to follow up on above!
Andrés M. | Satoshi Club: Thanks for the information, would you like to add something before the next question?
Gold Rocket | Satoshi Club: Thanks for great answers 😌
Joel Davies | BaconDAO: Yes, @lyons800 wants to add something quickly 🙂
Gold Rocket | Satoshi Club: Take your time!
Joel Davies | BaconDAO: Thank you!
Gold Rocket | Satoshi Club: This is your stage today! You are our super stars 😁😍
Joel Davies | BaconDAO: We really appreciate it!
Oisín | BaconDAO: We run a unique member rewards program in BaconDAO that gives members the opportunity to Earn $BACON token rewards!
Theres a few different ways of getting these rewards:
Research: Users can produce research and if it meets criteria, the researcher will be tipped for their efforts! This can be a large research paper on something blockchain or crypto related or just some smaller Gem research. We have a structure to tip our members accordingly.
Education and contributions: We also have a tipping budget for general contributions and educational contributions made by our members to incentivise the creation of educational content and courses as well as good quality community engagement!
Gold Rocket | Satoshi Club: Great opportunity👏
Andrés M. | Satoshi Club: Let’s join Satoshiclubbers, a great opportunity to earn tokens!
Oisín | BaconDAO: For sure , any substantial quality contributions are always recognised!
Joel Davies | BaconDAO: To join, our main community is in discord. Join that here: discord.gg/bacon
Andrés M. | Satoshi Club: Thanks, time to go with the 4th question.
Q4 from Telegram User @JesusFre1tes:
BaconDAO connects blockchain startups with smart money and helps cultivate a passionate and knowledgeable community through education. This has definitely caught my attention, as even though decentralized finance is gaining more adoption every day, we have yet to make an impact on a global level. So, could you tell us more about how this education model that BaconDAO offers works to conquer more and more users passionate or not to DeFi projects? What impact have your protocols had on the different projects you have incubated so far?
Joel Davies | BaconDAO: Love it! ❤️ @lyons800 will answer this next question 🙂
Andrés M. | Satoshi Club: Sure, take your time 💪
Oisín | BaconDAO: I agree, this is a topic that is defintely needs to be hightlighted!
The educational and research model of BaconDAO aims to utilize our community and teams of dedicated researchers to create this knowledge base and research surrounding all kinds of blockchain and defi ideas. Our goal is to use our community and DAO to take this to the next level in a way that a traditional organisation cannot.
From a community perspective, our members that will help with research like this are often not only extremely knowledgeable in the area but more importantly, very interested in creating solutions to these modern day problems we face using blockchain technology.
We haven’t currently incubated projects yet – this is something that is planned in our roadmap.
We actually are using mirror.xyz to enhance our research model and do so in the most decentralised way possible allowing these projects to fund research through mirror.
Gold Rocket | Satoshi Club: What conditions do projects need to fulfill?
Oisín | BaconDAO: For incubation or research?
Andrés M. | Satoshi Club: Both 😃
Oisín | BaconDAO: For incubation:
We currently have planned to incubate projects specifically related to NFTs only through our NFT launchpad in the future – this is further along in our roadmap and criteria has not yet been fully defined as we are currently trying to focus our efforts on building out our education and research.
However, as we are a DAO, projects that approach us for incubation will have to go through extensive research from our DAO team followed by the ultimate decision being made by our DAO members through a voting process.
For Research:
Projects that are interested in BaconDAO for research purposes can approach us in a number of ways. The most efficient way being through a DAO Research Proposal through our Discourse. This research proposal again will go through our DAO members approval and must pass a voting process.
This project can then either fund the research through mirror which allows us to split the funding between our researchers and the DAO treasury!
Andrés M. | Satoshi Club: Got it, great details about an important topic 👏
Gold Rocket | Satoshi Club: By the way, guys, I’m pleasantly surprised by the amount and quality of information in your medium. It’s very orderly.
Oisín | BaconDAO: Thank you very much, let me also link our discourse where we are trying to produce most of our content now as the community can be more involved and it’s more decentralized !
Andrés M. | Satoshi Club: Btw, the 5th question is ready to be posted when you want 😁
Oisín | BaconDAO: Ready when you are!
Q5 from Telegram User @Olu_Makanaky:
In the process of participating in a Launchpad, it was stated that user should Lock an amount of Bacon Tokens in the Bacon Stake as liquidity pool staking (Bacon/ETH), follow by creating an account on the Launchpad of Bacon con and Connect a desirable wallet. How can we connect to the Bacon page using the address of the wallet that is used in the Stake? Presently, what is the minimum amount of bacon tokens we can lock, and the ratio of bacon to ETH? And concerning the BaconDAO Educational Curriculum which its Course includes: Crypto basics, TA, How to use exchange and DEX, types of coins, BSC vs ETH, What are NFTs, etc. Apart from bacon holders, can newbie also access this content? If yes, what are the steps to take and the amount of fee to be paid?
Oisín | BaconDAO: Launchpad Access: This can be done through the smart contracts we utilize for our BaconDAO farm – staking x amount can grant the ability to redeem an NFT required for access, however this process has not yet been fully defined as it for future development in our roadmap.
Concerning the Educational Curriculum: newbies can also access the content without staking bacon tokens.
This is done through a monthly membership process which requires users to pay around $40 per month to obtain the purple membership status.
This will all be native in our dashboard and done through crypto payment – eg. pay using an oracle or to a wallet address (Yet to be confirmed) and then the user will be granted the membership NFT which gates the content.
The NFT tiers we utilize in BaconDAO gate all of our content, whether it be discourse (through roles granted through apis), discord (through a bot that checks your wallet and grants access to channels) or our app.
Gold Rocket | Satoshi Club: Interesting concept 👍
Andrés M. | Satoshi Club: What is the APY for staking concept?
Oisín | BaconDAO: Yet to be determined but likely to be between 100-200% APY.
The concept involves a tradional yield farm concept, but implementing our (first of their kind) smart contracts that grant users the respective NFT based on their staking amount (Purple, Gold or Platinum).
Andrés M. | Satoshi Club: A big percentage, another great reason to invest🥳💪
Andrés M. | Satoshi Club: Thanks for share it, ready to proceed with the last question of this stage of the AMA?
Oisín | BaconDAO: Sure thing!
Q6 from Telegram User @Highpee:
BaconDAO will have a public research crowdfunding domain known as Mirror. You said Mirror will allow you to crowdfund, publish and split revenue from public research content. Can you explain how researchers can apply for crowdfunding or grants and how the BaconDAO uses mirror.xyz to validate proposals and get the community involved in the crowdfunding of such public research? Is accepted research limited to crypto-related subjects only or do you consider any topical issues as long as it can add values to human endeavours? How are the research results tokenised as NFTs after publication? And when findings from the research are sold as NFT, how are the revenues shared between research team and BaconDAO?
Gold Rocket | Satoshi Club: Was partially disclosed. Nevertheless, I think you have something to add 😊
Oisín | BaconDAO: So, for the application process for public research – this is done through a DAO public research proposal through our discourse which is then voted on by our members.
The validation is done through x amount of members upvoting the proposal idea.
The next stage is the research crowdfund – this is usually done in two ways
Project Proposal: If the research is proposed by a project, it would be common that the project funds a portion of that research – the rest by the community or BaconDAO.
Community member proposal: If this is passed, then the DAO will likely find the research aswell as the community .
Accepted research is related to projects within our knowledge scope – which are specifically blockchain or crypto currency related.
The way mirror works is by issuing an ERC-20 token weighted according to each respective contribution to the crowdfund. Eg: I contribute 10% of the funds required and I get allocated 10% of the ERC-20 issuance.
The research is tokenised and stored on the arwee blockchain.
Everytime this research is tipped or referenced – the tip is distributed amongst members that hold the ERC-20 ownership token in their wallets.
We are entering this weeks write-race with aims of getting our first publication – members who vote will share a $5000 prize pool of $BACON, so if anyone has votes they would be appreciated (and rewarded) 🙂
Gold Rocket | Satoshi Club: This is a very good prize pool 👍
Oisín | BaconDAO: We love to reward our members and contributors.
Gold Rocket | Satoshi Club: Pay attention Satoshi Club 🚀
Andrés M. | Satoshi Club: And that’s makes 6/6 questions answered guys, thank you so much for your time, we know you’re busy with the project so we are honored to have you here. Now is time to proceed with the live segment of the AMA 😁
Joel Davies | BaconDAO: And thank you! Looking forward to the live segment 🙂
Gold Rocket | Satoshi Club: Please share with Satoshi Clubbers useful links and information before opening the chat 😍
Andrés M. | Satoshi Club: Satoshiclubbers, let’s be part of that incredible Bacon Family 😁
Gold Rocket | Satoshi Club: Now get ready for the most impressive part of our AMA 🚀 Live questions 🚀🚀🚀
Joel Davies | BaconDAO: Yes everyone is welcome!
Part 2 — live questions from the Telegram community
Q1 from Telegram user @munishgmr:
What Topics will be included in the Educational Academy ? There are many types of Contents Like Recorded Video type, Pdf, live . . .etc. How will you provide different contents to users?
Joel Davies | BaconDAO: There will be multiple topics included in the educational academy. From Crypto-101 (beginners course) to TA lessons and even more specific course on how to use BSC or Polygon. The courses will be posted on our hub in article form, videos and even live calls in the discord server. So please join our discord and go check out the BaconDAO hub: discord.gg/bacon.
Q2 from Telegram user @iam12312:
It’s very exciting to see such useful projects, how is this educational academy different than a traditional education academy? Is there any plan to collaborate with any crypto field companies?
Oisín | BaconDAO: Great question: Our educational academy aims to tailor & develop content wanted by and designed by the community.
A traditional educational academy determines curriculums and learning items for the user.
Our goal is to allow users to vote on various topics they see value in learning – this is done really well in our DAO format as we gain such a huge amount of feedback, insight ideas.
We also differ from a traditional academy in that users can actually create educational content and get rewarded for doing so if it is useful. This is determined and voted on by the rest of our DAO.
Q3 from Telegram user @Kathdm:
I have read that there are private channels in the BaconDAO community. How can we gain access to those channels? Why are there private channels different from the public channels of the community? Is there exclusive content shared on those private channels?
Oisín | BaconDAO: Yes, there is lots of exclusive and gated content in the BaconDAO community – the reason we chose this model was so that we can scale further and produce more exclusive and advanced content for our members, the monthly membership helps us do this as we pay many of our contributors to produce research and education.
The exclusive content that is shared includes top crypto gem picks and research on different projects, insights to the invesments the team make etc(for educational purposes), mentorship for education and research, in-depth daily btc analysis and discussions, and many more awesome services.
By joining our discord you can see which channels will be locked upon launch (all purple, gold and platinum categories).
At the moment everything is open so people can see the quality of our content!
Q4 from Telegram user @meml97:
I think that what BaconDAO is trying to do here is amazing, we don’t see every day projects that are willing to help others to learn about this complex world, but as I was reading about all the educational aspects BaconDAO is trying to cover, from courses to Mentorship and P2P Help Services, I couldn’t help but wonder; who will be behind this teaching and mentorship roles? How do you know someone is qualify to teach or mentor someone else? Also, can regular BaconDAO users become mentors to others? If so, how is the process for that? What kind of information do you ask for in order to accept someone on a teaching role on BaconDAO and how do you make sure that this certain information is indeed real?
Joel Davies | BaconDAO: Thanks for the question! So each contributor goes through a vetting process currently by the core BaconDAO team. We interview each contributor to see if they are qualified enough. And those contributors or the core team will be the ones who teach our courses.
Regular members can become contributors! If we see a particular member providing value in the community through answering questions or posting community research on the hub etc, we might select them to become an official contributor!
Q5 from Telegram user @boradam:
Can I earn NFT’s while staking $BACON tokens and what APR’s are there?
Joel Davies | BaconDAO: Yes! When you stake enough bacon tokens in our farm, that grants you a membership NFT. These NFT will become collectables in the future and have potential to provide additional benefits. The APY will be 100-200% 🙂
Q6 from Telegram user @Xusuo:
Can you explain what is the special and unique feature that Bacon Dao has and other competitors don’t? What feature are possible to attract investor or user into your project?
Oisín | BaconDAO: BaconDAOs special feature is our Community!
We have one of the most organic and committed communities in the crypto space ( Like Satoshi Club).
The way this sets us a part is we have constant research and content from our community (whether it be from paid contributors or normal members).
This research has helped our community to grow in the crypto space (financially and knowledge based – check out our testemonials in discord).
We try our best to only produce great projects for our members and never like to promote or shill projects. The feature that attracts investors to our project is exactly the above.
Adding to the above is our BaconDAO $EARN initiative or BaconDAO Member rewards – the ability for members to earn $BACON by interating with our ecosystem and providing quality content whether it be research or education or just good community engagement.
Q7 from Telegram user @ItsMelissa3:
I read on your website that we can subscribe to your Daily Digest, which contains Crypto Daily analysis, Market Analysis, Altcoin Gems, Project Reviews, and other opportunities. How can we subscribe? Do we have to pay the registration? Do we have to pay monthly? Or is it completely free?
Joel Davies | BaconDAO: So the Daily Digest will be our free newsletter and it acts as a taster to what BaconDAO offers. It includes BTC and BTC.D analysis along with other crypto news. There will also be insider reports and this is where the true gems are shared. This insider report will include a more detailed daily analysis and market update along with the most recent gems our contributors are researching. This in itself is a very valuable aspect of BaconDAO.
Q8 from Telegram user @victorogb:
With a mission of helping it’s community of investors learn and profit in the crypto world, how would prospective members of your community get to enjoy and benefit from such services and how can users access these financial materials?
Joel Davies | BaconDAO: Thanks for the question! By joining the BaconDAO discord, it’s worth noting that as our token has not launched yet, the Discord and hub is open to the public. So please check it out while its open!
Q9 from Telegram user @adaatalay:
How can community members participate in the BaconDAO Member Award? How is the winner selected?
Oisín | BaconDAO: These member rewards are decided through a community voting process and/or selection by team members.
If a community member produces really good content (education/research etc.) in our hub, they are voted on by the rest of the community. If the content surpasses a certain threshold, the content is rewarded.
Majority of the rewards will go through a selection process – we currently have 20+ paid contributors and mods in the chats every single day – these contributors are there to notice and notify the team of content they see as deserving of rewards or tips.
Q10 from Telegram user @BJosefina61:
What blockchains does BaconDao involve? Is this in essence a multi chain DAO? Can you explain this point better?
Joel Davies | BaconDAO: The $BACON token will be on both ETH and BSC! While our farm and NFT’s will be based on ETH. If you buy BACON on pancake swap and want to become a member, you will need to use a bridge (yet to be announced) to go over to ETH and then you can stake your BACON for the membership!
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
We were delighted to welcome our guest from Brokoli. The AMA took place on August 6th, 2021 and our guest was @blackcitrus!
The total reward pool was 500$ and
was divided into three parts. In this AMA Recap we will try to summarize some
of the most interesting points for you.
Part 1 —
introduction and questions from the
Telegram&Bitcointalk community
Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club
community! We are pleased to announce AMA with Brokoli Network.🥦
Paul Mont | Satoshi Club: Today’s guest is @blackcitrus!
Welcome! Great to have you here!😁
Haroldas | brokoli.network: Hey guys! Pleasure to be here
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club🥦
Paul Mont | Satoshi Club: Thank you very much for coming!
We’re super excited to know more about Brokoli and everything your team has in store
for us 😉🔥
Gold Rocket | Satoshi Club: How are you doing ☺️
Haroldas | brokoli.network: The team actually has quite a lot in store for you
SHO —
Brokoli
Brokoli is
the first planet-saving DeFi platform that allows users to act on climate. The
project has three interconnected parts that all serve a single purpose: to
rapidly grow Brokoli’s user base and offset DeFi’s carbon footprint.
Research
Page: Coming Soon
A.
Community Round is Live
Join
project socials and complete the form to be a part of the community round.
There will be 50 winners of $100 allocations.
Paul Mont | Satoshi Club: I know I won’t and I definitely
invite all the Satoshi Clubbers not to miss out either 🚀
Paul Mont | Satoshi Club:
Haha
amazing stickers as well 😁👏👏
Gold Rocket | Satoshi Club: Thank you very much for this great
news.👏👏👏
Gold Rocket | Satoshi Club: But according to the protocol, I am
obliged to ask you some personal questions.
😁
Gold Rocket | Satoshi Club: Introduce yourself please. How did
you get to be involved in crypto & Brokoli Network?
Tell us
please about your position in Brokoli Network?
Haroldas | brokoli.network: Always a pleasure
I’m the
Founder and CEO of Brokoli Network
I’ve worked
with brands like Nike, Lavazza, Paypal, Venmo among others you might know.
Today,
though, I’ll be presenting how we’re making the green movement happen in DeFi.
ESG markets
have been the fastest growing across all VC-backed industries — but they’ve
never come to DeFi. We changed that
I
transitioned to crypto after having built an accelerator for sustainability
companies
Gold Rocket | Satoshi Club: Very famous and familiar names. Great
background for start your own business
Haroldas | brokoli.network: Together with my co-founder Matas, we
built an accelerator that was providing funding + marketing for sustainability
companies
After that,
the DeFi summer happened
Paul Mont | Satoshi Club: I feel it’s great that a crypto
project is finally addressing the issue head-on. It’s been quite the elephant
in the room 🙂
Haroldas | brokoli.network: and I was advising startups on marketing
Which then
naturally evolved into us founding Brokoli
Gold Rocket | Satoshi Club: I see you are in love with your
project🥦
Paul Mont | Satoshi Club: I’m personally curious on why you
picked the name Brokoli 🙂
Haroldas | brokoli.network: Hahaha
Well
Gold Rocket | Satoshi Club: It’s impossible to create a good
project without a team.
Haroldas | brokoli.network: A broccoli looks like a tree
Gold Rocket | Satoshi Club: Also we would like to know about
your team. Who is on the project team core?
Haroldas | brokoli.network: Hence the name
The team
now consists of 8 people
Paul Mont | Satoshi Club: That is true, and also you’ve
managed to make it look cute as well in your infographics. Cudos to your
designer 😉
Haroldas | brokoli.network: But there are 5 people at the core
of this project
I lead the
company
Matas, my
co-founder, leads the sustainability front and onboard projects that are
integrating Brokoli’s solutions
which is
our second business case
Gold Rocket | Satoshi Club: Is your team anonymous? If so, do
you plan to reveal your personalities over time?
Haroldas | brokoli.network: and although unnannounced, already
is adopted by 20+ projects
The team is
listed on brokoli.network
Then there
is our CMO
Monika
Poskute
she’s an
ex-CMO at an ad-tech company with over 1.5B profiled users
and our CTO
who has
been leading developer teams for the past few years
in Fintech
and DeFi
Plus
Our
wonderful head of design Saule
which makes
sure that our product beats anything out there in terms of user experience
Paul Mont | Satoshi Club: I have to wholeheartedly agree, I
like the website’s clean UI. A joy to interact with 😁
Gold Rocket | Satoshi Club: It’s really looks great 😃😍🥦Thanks for great introduction, we
will have a questions selected for the Part 1. Ready to start?
Haroldas | brokoli.network: Yep
Q1
from Telegram User @DK177
Your
project focuses on environment activities such as planting trees, renewable energy
project financing and e-waste offsets. According to you roadmap, these
activities have been planned for the previous quarter. Were you able to
complete them successfully? Do you have plans to continue this work in the long
run? During a pandemic situation, why did you choose this kind of theme? Don’t
you think prevailing situation is not suitable to put these concepts in to
practice? By the way, you are planning to launch green NFTs by Q4. What do you
mean by the term, “green”? Generally speaking, using energy to mint NFTs has
become a seriuos environmental issue. Do you have plans to introduce
environment friendly NTFs?
Haroldas | brokoli.network: Before answering your questions, let me forward a video that best speaks about the project
To answer
the first question, we have already onboarded projects in all three key areas:
planting trees, renewable energy projects and e-waste recycling charities
Gold Rocket | Satoshi Club: Great video👌
Haroldas | brokoli.network: The key is that climate positivity
funding is controlled by the community
Brokoli is
the first in history, even outside of DeFi, that makes climate decisions
available to the individual
In the long run, our aim is to make a permissionless system for climate positivity projects to onboard themselves
Our standalone platforms collects climate fees (at 0 extra cost for the user) that are then distributed by the community to these projects
This explains our first product, a green DEX aggregator
Gold Rocket | Satoshi Club: yes, this is a rather unusual
solution
Haroldas | brokoli.network: Transparency and traceability are
the core values of the project and that is exactly how we’re different from
real-world charities or scam projects working on similar causes. Token holders
will be able to track the impact of the platform as well as individual
transactions. This will be shown in the real-time dashboard (see link below)👉
Brokoli is the first planet-saving DeFi platform that allows you to make climate action a part of every transaction.
The best part? There’s no additional cost for you to make positive climate impact.
Token holders get 100% control of fund distribution to climate offsets.
— Brokoli Network™ – The Green DEX & AI 🌳 (@BrokoliNetwork) June 8, 2021
This will
be complemented by constant updates from the construction sites or tree
planting sites weekly based on the nature of the project to constantly remain
full transparency.
Blockchain
allows to track all of the on-chain transactions, so users will also be able to
see where the collected funding went and if it actually reached the intended
recipient
And the
green NFTs
is what
makes us a play-to-earn
so we merge
DeFi with GameFi
you guys
are again
the first to see this
This is how our green NFTs will look like
how this
will work:
1. You use
our DEX, lending, investment platform, yield farming layer -> you get X
trees (based on climate fees collected from the use of those platforms)
2. You complete
daily quests that get us organic marketing (e.g. reply to Elon’s tweet about
Brokoli) -> you get X trees (based on verified completion of tasks);
3. You
refer a friend ( -> you get X % of trees your referred friend gets during
the 1st month of his platform use;
4. if
you’re a verified influencer, you share news about Brokoli on Instagram,
TikTok, etc -> you get X trees on influencer-exclusive daily tasks
->
You receive
digital NFT trees as rewards and the trees are equivalents to real-world forests
that we plant (ownership based on real world assets): you can navigate through
our digital world and see your & other people’s forests, the size of those
forests – you can compete and trade.
In a
nutshell, your fractionalised NFT forests become an asset that you earn through
completing tasks, which makes us a play-to-earn platform
Paul Mont | Satoshi Club: Ingenious and fantastic. I’m so
wanna be part of the brokoli universe 😉
Haroldas | brokoli.network: NFT minting will be gassless
which is
why they’re green
but much
more than that
Gold Rocket | Satoshi Club: Great answer! I’m only afraid that
you answered all the questions now 😅🙈
Haroldas | brokoli.network: the NFTs are pegged to real-world
assets
Trees and
forests
so the
NFT’s value is not based on hype
it has
real-world value
which can
be traded at any time
so the
community can interact
trade trees
collect
forests
and show off
their positive impact
this is my favourite
in the
works
called the
‘flexer’
as seen by
his chain
Gold Rocket | Satoshi Club: Btw feel free. I think you will have
something to add to others our questions😁👍🥦
Paul Mont | Satoshi Club: Hahaha, great!
Haroldas | brokoli.network: he is the highest level of the tree
lord
Paul Mont | Satoshi Club: So you’ll have avatars that evolve
according to your contribution, right?
Haroldas | brokoli.network: All NFTs will be customizable
yes
you will be
able to buy sneakers
haircuts
t-shirts
and much
more
all to show
your impact to the rest of the world
Paul Mont | Satoshi Club: Superb!🚀🚀🚀
You’ve
thrown a lot of meat onto the fire, so let’s get onto the next question and
flesh even more details, okay?
Haroldas | brokoli.network: this video explains the issue of
sustainability and why without Brokoli, global DeFi adoption is literally
impossible
and yes
let’s
continue:)
Q2
from Telegram User @Kowshik22
It is
very clear from ur naming like GREEN PAPER,GREEN DEX,GREEN INVESTMENT,GREEN
YIELD FARMING,GREEN INTEGRATION,GREEN LENDING,GREEN NFTS that u r trying to
provide a safe environment for users
Everything
green,so does it mean there wouldn’t be any burns in ur project ?
So is
there any green burn planned
I can
see Brokoli’s fees are distributed via a token holder vote: 90% of the fees go
to the planet, and 10% of the fees go back to the community.
Only two
divisions are made from fees ,don’t y plan for burn, buyback or lottery !
So do
you think 10% of the fees back to community is enough to attract more
INVESTOR’S ?
Paul Mont | Satoshi Club: Let me say, your excitement, passion
and energy about the project transpires so clearly, it’s just great! 😉
Haroldas | brokoli.network: Hahaha this is actually a good name
for it
green burns
Gold Rocket | Satoshi Club: i like all your broccoli videos 🥦😁
Haroldas | brokoli.network: but yes, the token does have a burn
included!
our
monetization is 10%
these 10%
are distributed to:
– token
holders who participate in governance
– rewards
for users of the platform
– LP
rewards
–
development
– token burn
These are
the products that we get the monetization from
as you
might know, Sushiswap nets a few millions in fees per day
So imagine
the scenario that a DEX is just one of our products
Then we
have yield farming, stakind, lending…
The whole
NFT universe
and
integrations adopted by already 20+ projects
Brokoli can
become the top 10 organization in the world working on climate positivity
which
places us in the conversation size compared to Bezos, Gates, Greenpeace
and makes
us bigger than DeFi itself
Plus
since we
touched the topic of tokens…
These are
news that we have not announced yet
We’ve
mentioned rewards for using our products
but we have
not yet named what they’ll be
so stay
tuned;)
you can
always join the waitlist on our website brokoli.network
Paul Mont | Satoshi Club: Subscribed 😉
Paul Mont | Satoshi Club: Would you share your official
tokenomics paper with Satoshi Club? 🙃
Haroldas | brokoli.network: the tokenomics are being nicely
designed and will be put up on our website next week!
you know
how Brokoli is from the visuals I’ve sent
everything
has to be touched by our designer Saule to make it pop
But in
regards to the tokenomics
there is
one important aspect
Brokoli is one of the very few projects that closed its funding round WITHOUT VCs
This means
that we’re in a stronger position in terms of the token
Because VCs
tend to dump the token’s value down
We’re fully
funded by other project founders that want to make DeFi climate positive
Which
brings me to my next point that you are also first to hear….
Brokoli has
successfully closed an oversubscribed private round of $1.65M
Apart from
this community, we will not be releasing this announcement for the next week
Paul Mont | Satoshi Club: Amazing milestone! 🔝🔥🔝
Gold Rocket | Satoshi Club: Thank you very much for the clarification
and detailed answers
Paul Mont | Satoshi Club: Congratulations, this already an
amazing validation for a project that’s just starting out!
Gold Rocket | Satoshi Club: Ready for the next question😁🥦
Paul Mont | Satoshi Club: Next question is probing deeper on
Brokoli’s referral system and more 😉
Paul Mont | Satoshi Club: Ready to answer it?
Haroldas | brokoli.network: Every question you’re getting
something out of me that was only due to be announced next week!
let’s go
Gold Rocket | Satoshi Club: Satoshi Club loves hints very much 🤗🥦
Paul Mont | Satoshi Club: And we love that! Thank you so much
for sharing! Satoshi Club loves previews, especially from a potentially amazing
project like Brokoli! 🔥🔥🔥
Q3
from Telegram User @yellowchamp
I see on
your Roadmap for the 1st quarter of 2022 that you will have a referral system
in which you will be rewarding the referrer with $BRKL tokens and I also see
that you will have a marketing campaign with climate and defi opinion leaders
to spread awareness about the environmental impact of digital currencies.
So,can you tell us more about the mechanics of your referral System in your
platform? How many friends or colleagues we can bring in Brokoli network? If
you reward referrer,how about the referral is there any reward for them as a
new users in your platform? As you will have a marketing campaign with defi
opinion leaders,can you tell us who will be this climate and Defi opinion
leaders you will incorporate with your marketing campaign? In what way you will
spread awareness about the environmental impact of digital currencies? Who will
be your target market for this marketing campaign? Thank you
Haroldas | brokoli.network: the referral system ties into the
whole play-to-earn complement of Brokoli’s ecosystem
how this
works:
1. you use
our DEX, lending, investment platform, yield farming layer -> you get X
trees (based on climate fees collected from the use of those platforms)
2. you
complete daily ‘quests’ that get us organic marketing (e.g. reply to Elon’s
tweet about Brokoli) -> you get X trees (based on verified completion of
tasks);
3. you
refer a friend (Revolut referral model) -> you get X % of trees your
referred friend gets during the 1st month of his platform use;
4. if
you’re a verified influencer, you share news about Brokoli on Instagram,
TikTok, etc -> you get X trees on influencer-exclusive daily tasks
people
receive trees as rewards and the trees are equivalents to real-world forests
that we plant (ownership based on real world assets)
you can
navigate through our digital world and see your & other people’s forests,
the size of those forests – you can compete and offer to buy them
our
fractionalised NFT forests become an asset that you earn through completing
tasks, which makes us a play-to-earn platform
and
referrals is one of the ways that you can get the impact
because as
you refer friends, you will be getting a share of their impact, and this share
is represented by trees on your avatar
this avatar 😎
what’s in
it for the user?
with
referrals, you get trees (impact)
they can be
bought by corporates (blockchain and real-world) and as everyone can see forest
ownership by a corporate, it’s a marketing effect + ESG effect as owned forests
are real (same like they buy space on sports teams cars/t-shirts to get
eyeballs)
there is
also the teamtrees.org model
a
leaderboard of impact
made famous
by Elon when he donated $1M
so
competition, a leaderboard, inspires other users to buy your impact
so if you
have a forest of 100 trees
you can
sell it to the highest bidder
who will
then climb up the ranks of the leaderboard
to become
the biggest owner of forests, literally owning thousands of trees
Brokoli
saves DeFi
and it
saves the world too:)
but it’s
not the company that is doing it
it is the
users
you guys
everyone
here today
Paul Mont | Satoshi Club: Can we assume that being high up in
the leaderboard (e.g. top 20?) will entitle users to have more rewards?
Haroldas | brokoli.network: at no extra cost for you, you can
plant trees with every DeFi transaction
you are
correct indeed!
but let’s
keep this a secret until the announcement rolls out:)
Paul Mont | Satoshi Club: Haha yes, you’ve already been supper
kind to share so many secret goodies with us! 😉🙏
Would you
share Brokoli’s current roadmap with Satoshi Club before moving onto the next
question? 🙃
Haroldas | brokoli.network: most of the focus these days is on our upcoming IDO, both on DAO Maker and our website
In general,
we’re running user tests on our products
we have a
team of I believe 25 testers who are the first to see what we’re working on
by testing
the product with the users, we can improve user experience to eventually make
it the best that there is
some have
called us the combination of coinmarketcap’s charts + uniswap because
everything is in one place
we are
admitting 5 users per week via our contests
Show us
your #meme 😎
Follow
@brokolinetwork on Twitter
Create
memes related to #Brokoli Network
Post your
submissions in the Twitter thread by tagging: @brokolinetwork #Brokoli $BRKL
We will be
taking in a few of the participants from the meme contest as well
If you go on our website, the demo is at the top right: brokoli.network
Gold Rocket | Satoshi Club: Thanks for your great answers!
Paul Mont | Satoshi Club: Another great initiative and opportunity
not to miss!
Haroldas | brokoli.network:
some more visuals from our demo
on the
bottom, you can see your historic impact
shown in
trees planted, renewable energy produced and CO2 prevented
Paul Mont | Satoshi Club: Did I say I love the clean UI
interfaces and slick dashboard? 😁
Haroldas | brokoli.network:
With every transfer, you will see the impact that you make in trees planted
and you can track it on our climate impact dashboard
this one I
mentioned before: https://twitter.com/BrokoliNetwork/status/1402398527934894082
Paul Mont | Satoshi Club: Literally, change is in every user’s
hands 😉
Haroldas | brokoli.network: With DAO Maker’s latest launches
having respectively done 20X and 32X
you know
what we’re up to
Gold Rocket | Satoshi Club: Sounds good👏
Paul Mont | Satoshi Club: Super exciting @blackcitrus!
Paul Mont | Satoshi Club: And now, we have question number 4
ready for you!
Q4
from Telegram User @victorogb
Brokoli
is described as an ultimate sustainability layer of multi chain DeFi committed
to reducing and further eliminating the environmental impact of cryptocurrency
activities. Brokoli developed ways to solving this by merging DeFi and GameFi
to incentivize users to make, own and trade their positive impact. This
solution might look strange to an average user, therefore can you carefully
explain how Brokoli properly implements this? Brokoli also states that any
blockchain platforms (CEX or DEX) can seemlessly implement your API; how does
Brokoli help with CEXs implementation, since the concerted efforts of your
service has a primary DEX & DApp target, and how will Brokoli utilise the
climate fee generated from these projects?
Haroldas | brokoli.network: Of course
let me dive
deep into this
so there
are two main business cases which are relevant for answering this question
1.
Decentralised products such as our Green DEX, green dApps, NFTs, which generate
climate fees
2. Integrations into other projects with our
API integration, that generate us revenue from the audience of other projects
1st option
is the standalone platform
aggregators
for DEXs, lending, yield farming, staking
The
simplest explanation comes through our first product, the green DEX aggregator
This relies
on the slippage mechanism
On DEXs,
you have slippage, the average of which is set at 0.5% usually
by choosing
this slippage, you agree to pay a fee that’s anywhere up to the 0.5% range —
before getting the result of the transaction, you never know the final fee
so what
we’re saying is, Brokoli connects to various DEXs to find the best price
which in
itself minimizes price difference
and then
the slippage you choose, is the fee you pay
in reality,
on Uniswap, you might have paid the same fee
but because
our router finds more efficient swap routes
the
difference is collected as a climate fee
resulting
in approximately the same fees for the user, but with climate positive impact
in every transaction
which
brings us to our business case
this
platform will be massively attractive to users because of two reasons
1) user
experience
but most
importantly
2) purpose
which comes
at basically no extra cost for the user
Social good
+ commerce with a purpose has always been the most lucrative opportunity.
— Brokoli Network™ – The Green DEX & AI 🌳 (@BrokoliNetwork) August 6, 2021
And now,
coming back to the integration for other projects
which is our second business case
Gold Rocket | Satoshi Club: Of course
Haroldas | brokoli.network: this comes from our pitch deck
For
integrations, you might have seen this with flight companies
if you’re
buying tickets for a flight, the flight company might suggest ‘Do you want to
offset your carbon footprint for X dollars?”
if you
click yes, it adds to the transaction total
The
integration works similarly
it adds
$1.5 worth of native tokens to the transaction to make it climate positive
Gold Rocket | Satoshi Club: I think this is a great feature
Haroldas | brokoli.network: but that’s for projects that are
integrating Brokoli rather than the standalone platform
so this
gives us insane brand awareness
the more
projects integrate, the more Brokoli will be known
hence the
more users will be going to the main product
where climate positivity comes at no extra cost
Integrations
therefore have been created as our GTM
they’re one
of the ways for our main product to acquaire users
Paul Mont | Satoshi Club: I totally love the idea that the
crypto revolution can be simultaneously pave the way for the green revolution 😉
Haroldas | brokoli.network: that’s the goal
opening the
door to a $44 trillion USD market
Paul Mont | Satoshi Club: And th need for change has never
more felt than now!
Thank you
very much for your exhaustive answer @blackcitrus !
Are you
ready to take on the next community question?
Haroldas | brokoli.network: Let’s go
Q5 from
Telegram User @Rotoxy
Brokoli
has the plan to establish a “Brokoli Sustainability Council” whose duty will be
to vet projects that are onboarded onto your platform. I also gather that they
can suggest and introduce new projects into the platform. Can you explain to me
how the composition of this council will be formed? Who is qualified to be
among the council members, how many are they expected to be and for how long
will they remain in this council? Also, since you said the aim of Brokoli is to
give voice to users in matters of climatic decisions through governance rather
than allowing it to be dictated by a few billionaires, don’t you think the
function of vetting and proposals that is being delegated to the council should
have been handled by users through DAO voting? Or are there limits to users
governance decisions and participations?
Haroldas | brokoli.network: The Brokoli DAO is the one that will
always be responsible for fund distribution
The Brokoli
DAO can elect the sustainability council
which only
serves a single purpose
to vet
projects based on the required certification at the point of onboarding them on
our platform:)
so this is
the DAO-side of the sustainability council
there will
also be a few hand-picked individuals in the early stages of the project
these
individuals come from:
The EU
Commission
WWF
and more
not yet
announced;)
Haroldas | brokoli.network: until we fully transition to a DAO
Paul Mont | Satoshi Club: By the way, has Brokoli’s code put
through initial technical audits yet or maybe they are taking place as we
speak?🙃
Haroldas | brokoli.network: they are indeed taking place as we
speak and will be safe and sound for our IDO and launch!:)
Paul Mont | Satoshi Club:
Great,
great! Thank you very much! Next is the last question for this very first part
of the AMA, then we’re heading into the LIVE part of the session!
Q5 from
Telegram User @
It
caught my attention that one of the features of Brokoli is “Digital Forest:
Play-to-Earn NFTs for Planting Trees”, can you tell us more about this amazing
feature? If they are Play-to-Earn NFTs will this Digital Forest be some kind of
game? Where will users be able to find this NFTs and how many different NFTs
will exist? Also, how will the “Planting Trees” part of this NFTs work? How
many trees can we plant per NFT? Where will such trees be planted? Will Brokoli
has it’s own lands to plant this trees or will it be anywhere in the world?
Will you work with any specific charity or organisation in order to reach this
goal?
Haroldas | brokoli.network: I’ve elaborated on this a bit but
this question actually brings me an opportunity to discuss how the NFTs will be
involved in our whitelisting campaign
Paul Mont | Satoshi Club: Please share it with us 😉
Haroldas | brokoli.network: So there will be a 50-100k community
round on our website (apart from DAO Maker’s SHO)
and we’re
making 10 unique NFTs just for this event
But to get
the unique NFTs, you’ll have to do something
they will
be split into a few parts
and those
parts mixed with the parts of other NFTs from the group of the ten
so you will
be collecting randomized NFTs as you participate in the whitelisting campaign,
which you will be able to trade with other members of the community
and if you
collect a few randomized NFTs that hold every part of one of the original 10
NFTs…
you get the
original NFT
which then
gives you the access to a significantly higher allocation in our whitelisting
campaign
all I can
say is
let the
games begin:)
and join
our socials to be the first to know about the launch of this campaign
https://t.me/brokolinetwork
Paul Mont | Satoshi Club: Sounds like treasure hunting! Love
the concept! 👏👏👏
10 unique
NFTs, so many initiatives you’ve got going on! And Satoshi Club has an exciting
preview! Thank you @blackcitrus!! 🙏🔝
Now, let’s
get back to the question from @meml97 😉
Haroldas | brokoli.network: one more NFT preview for you
Paul Mont | Satoshi Club: Is there anything else you would
like to add in response to it?
Because
next comes the mega storm of questions of the LIVE part and that’s something to
LO and BEHOLD haha 🌪😁
Haroldas | brokoli.network: 1. you use our DEX, lending,
investment platform, yield farming layer -> you get X trees (based on climate
fees collected from the use of those platforms)
2. you
complete daily ‘quests’ that get us organic marketing (e.g. reply to Elon’s
tweet about Brokoli) -> you get X trees (based on verified completion of
tasks);
you refer a
friend (Revolut referral model) -> you get X % of trees your referred friend
gets during the 1st month of his platform use;
if you’re a
verified influencer, you share news about Brokoli on Instagram, TikTok, etc
-> you get X trees on influencer-exclusive daily tasks
– >
people receive
trees as rewards and the trees are equivalents to real-world forests that we
plant (ownership based on real world assets): you can navigate through our
digital world and see your & other people’s forests, the size of those
forests – you can compete and offer to buy them
our
fractionalised NFT forests become an asset that you earn through completing
tasks, which makes us a play-to-earn platform
you earn
these rewards and are represented as a Brokoli mascot character, which you can
customize based on
– outfit,
– hairstyle,
– facial
features
you buy
those things on the market (our platform) for Brokoli tokens and everyone can
see your character in the leaderboard and forest map
I’ve
mentioned this but I believe every question needs to be answered in depth 😎
Paul Mont | Satoshi Club: No, you’ve been super detailed and
thorough! Thank you very much @blackcitrus!
The time
has come for the second and most impressive part of the AMA.
A flurry of
question is about to be unleashed! 🌪 I hope
you are you ready @blackcitrus 😁
Haroldas | brokoli.network: Hahaha we can only find out by doing
Brokoli is the first planet-saving #DeFi platform that allows users to act on climate. The project has three interconnected parts that all serve a single purpose: to rapidly grow Brokoli's user base and offset DeFi's carbon footprint
Gold Rocket | Satoshi Club: I have a little question for you
What
criteria do you have in choosing influencers?
Haroldas | brokoli.network: two sides to answer this question
there are
influencers that:
i) we
choose
ii) they
just talk about us
Gold Rocket | Satoshi Club: Do you already have someone?
Haroldas | brokoli.network: for the ones we choose, they’re
vetted to work only on projects they would honestly use themselves
which means
they are very selective
and work
only with a handful of projects
yes:)
Gold Rocket | Satoshi Club: Sharing please😁
Haroldas | brokoli.network: for now I can only say that the DAO
Maker only allows the top quality
Part 2 — live questions from
the Telegram community
Q1 from Telegram User @vedamatrix
You just announced SHO on DAO Maker so how many DAO tokens do I need to participate it?
Haroldas | brokoli.network: I believe this is one of the central questions that needs to be answered. There will be a community round not only on DAO Maker, but also ran on our socials. To be able to participate, you have to me a member of our telegram group https://t.me/brokolinetwork. The whitelisting campaign will be based on the rules that we will announce on our socials. To get news on this, join: 1) the waitlist on brokoli.network 2) our telegram chat https://t.me/brokolinetwork 3) our announcement channel https://t.me/BRKLnews 🚨🚨🚨 The total of the whitelisting campaign will be 50-100K 🚨🚨🚨 So you will all have plenty of space to participate:)
Q2 from Telegram User
Haroldas | brokoli.network: The private round is closing today ($1.65M raised). The public round is distributed on: – DAO Maker SHO – Gate.io IEO – Our social networks whitelisting campaign
Q3 from Telegram User @Rakshitx5
Why you have named your project Brokoli? Do you believe your product will make the defi ecosystem healthy?
Haroldas | brokoli.network: Because Brokoli is healthy for you and so is the $BRKL token, haha
Q4 from Telegram User
Haroldas | brokoli.network: 2 main sources of revenue, which we built to be resilient as they represent both B2C and B2B audiences: 1. Decentralised products such as our Green DEX, green dApps, NFTs, which generate climate fees 2. Integrations into other projects with our API integration, that generate us revenue from the audience of other projects
Q5 from Telegram User @orlemys
Many projects claim many things, but don’t provide the evidence. As you are a green project, in which ways will you let the community know about the real-time impact of Brokoli? I mean, is your project carbon zero? Or is it still contaminating, but at a lesser scale? Will you offer investors real-time tracking of your carbon footprint? Further, other than plating trees, and charities, what are some of the real-life solutions you will bring? And what is the percentage of damage you will be alleviating for each transaction?
Haroldas | brokoli.network: Transparency and traceability are the core values of the project and that is exactly how we’re different from real-world charities or shitcoin scam projects working on similar causes. Token holders will be able to track the impact of the platform as well as individual transactions. This will be shown in the real-time dashboard (see link below): https://twitter.com/BrokoliNetwork/status/1402398527934894082 This will be complemented by constant updates from the construction sites or tree planting sites weekly based on the nature of the project to constantly remain full transparency Blockchain allows to track all of the on-chain transactions, so users will also be able to see where the collected funding went and if it actually reached the intended recipient
Q6 from Telegram User @Kathdm
💫In the third quarter of 2021 you plan to introduce the Climate Community – where those that stake $BRKL token will vote on the allocation of donated funds. Can we also vote to decide the countries in which the trees will be planted?
Haroldas | brokoli.network: You can choose from 50+ projects even today – these cover almost the full globe As we onboard more projects, yes, you will be able to choose even different countries and locations in countries!
Q7 from Telegram User @xperia3
Is Brokoli team anonymous? I wanted to check the team members but I could not find any linkedln accounts or something similar. If the team is not anonymous, can you please provide the team members information? If it is anonymous, do you plan to be non-anonymous in the future since being anonymous may have some disadvantages for such as trusting a project.
Haroldas | brokoli.network: listed on the website (some portraits pending), also most of us are on linkedin: https://www.linkedin.com/in/haroldaspakalniskis/ https://www.linkedin.com/in/matasdanilaitis/ https://www.linkedin.com/in/monika-poskute/ https://www.linkedin.com/in/saulė-kašėtaitė-7a902a147/ https://www.linkedin.com/in/bitnician/ The full team is 8 people
Q8 from Telegram User @Thealitad
Can you share 3 Killer features on a #BROKOLI with user’s? And What are the Competitive advantages of #BROKOLI Network? And How can I Participate in the Public Round as an investor?
Haroldas | brokoli.network: The fun part 0 extra cost for the user Climate positive action is a part of every transaction A user interface that beats any experience you’ve had in DeFi — try the demo on our website brokoli.network button top right
Q9 from Telegram User @Josegamboac
Your #DEX Green Aggregator Provides Price Efficiency Plus Climate Positivity – With Brokoli, positive climate action is part of every transaction. The same applies to dApps. Every transaction you make plants trees and generates renewable energy at no additional cost to the user. In real terms, how does Brokoli impact the global climate? I believe that just planting trees is not enough. What are the policies that Brokoli considers should be implemented?
Haroldas | brokoli.network: You are correct. Planting trees alone is not enough Blockchain has a severe negative impact on the planet Which is why we’re funding three key areas
Q10 from Telegram User @Xusuo
Hello, could u tell to us what are Brokoli project marketing plan to invite & attract new user ? how do you convince people that your Project is special and unique?
Brokoli Network:
This is a good question. Me and our CMO come from a marketing background. I worked with companies such as Nike, Paypal, Adidas, Venmo, and more. Our CMO @monikabrokoli is ex-CMO of an ad-tech company with over 1.5B+ profiled users (that’s 1/7th of the planet’s population)Our roadmap is a very step-by-step process.In our private round, the project founders that funded us all had the same requirement: Make intros to projects that can integrate one of our products — the 1-click climate positivity API .This gives us adoption from day 1 as we already have 20+ projects (including launchpads) committed to use the product.The standalone platform will be marketed via community campaigns and influencers. The community campaign is where the play-to-earn model and referrals come into play. you complete daily ‘quests’ that get us organic marketing (e.g. reply to Elon’s tweet about Brokoli) -> you get X trees (based on verified completion of tasks);. you refer a friend (Revolut referral model) -> you get X % of trees your referred friend gets during the 1st month of his platform use; if you’re a verified influencer, you share news about Brokoli on Instagram, TikTok, etc -> you get X trees on influencer-exclusive daily tasks
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of Brokoli. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Baby Bakery and our guests were @Anthonydefi, @madmaxbsc, and @loftynft – representatives of Baby Bakery. The AMA took place on 11th 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
Gold Rocket | Satoshi Club:
Hi dear Satoshi Club 🚀We are pleased to announce AMA with Baby Bakery!🧁
Paul Mont | Satoshi Club:
Today’s guests are @Anthonydefi @madmaxbsc @loftynft! Welcome! Great to have
you here!
Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club guys😍
ATHony:
Hi there everyone 😌
Max:
Hi there !
Gold Rocket | Satoshi Club:
Hi 👋🧁🧁🧁😋
Paul Mont | Satoshi Club:
Hello guys, it’s a great pleasure for us to have you here at Satoshi Club: )
ATHony:
We appreciate being here.
Paul Mont | Satoshi Club:
The appreciation is mutual! 😉
How are you today?
Gold Rocket | Satoshi Club:
We are very glad to conducting AMA with Baby Bakery
Thanks for joining🧁
ATHony: Doing very well, a little stressed but we are good 🙂
Paul Mont | Satoshi Club:
I hear that stress, in little doses, is good for performance:)
Loftyace: Thanks for having us 🙏
Gold Rocket | Satoshi Club: Yes, you have a big event in a couple of hours! I’m sure you are very excited😁🤞
ATHony: Yeah, you are probably right, all worth it in the long run😁
Paul Mont | Satoshi Club:
Haha, great! Without further ado, let’s start! 😉
So, please tell us more about yourselves – your past experiences/background and also how did Baby Bakery come to life.
ATHony: Awesome let’s begin 🙂
Gold Rocket | Satoshi Club:
Tell us please also about your position in Baby Bakery
ATHony:
All of our team has very different backgrounds from marketing to coding, and we
came together through university a few years ago.
We have been participating in the defi ecosystem as investors and on lookers
for a long time now, we were tired of repetitive projects so put our joint
knowledge together to bring baby bakery.
ATHony: I’m the lead developer and the one responsible for creating Baby Bakeries smart contract.
Paul Mont | Satoshi Club: So you all know each other personally and are friends in real life, correct?
Gold Rocket | Satoshi Club:
Cool..
What is the essence of Baby Bakery?
ATHony: Our 3 core members yes, but we have 2 other admins who we only have a online relationship with who also play a big role in our project.
ATHony: Essence is creating a community around a project that has community values, trust, and long-term rewards.
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 Baby Bakery?
ATHony: Hard question because realistically u could develop a project in a few days. However tracking trends, staying up to date with the ecosystem and market ect is the hard part in my opinion.
Baby bakery took around 3 weeks of building and planning, however, our team was thinking of ideas for many weeks before that.
Gold Rocket | Satoshi Club: Brainstorming is not easy.😁👍
Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?
ATHony:
Sure 🙂
Q1 from Telegram User @Highpee One of the selling point that you claim your project has is that the team is fully doxed. But apart from the lead developer who is available on your website, there is no information on who makes the team. Since a team usually involves more than one individual, who are the other members working on this project and what role are they handling? What is the level of their experience and where link can users use to check out the fully doxed team? Are they a globally selected team and work remotely or are they from a particular region?
Gold Rocket | Satoshi Club: Sorry .. I found your stickers and they are very funny. 😁
Paul Mont | Satoshi Club: Haha I agree 100%, so darn cool 🔝😁
ATHony:
Lets cover who i am firstly, My name is Anthony Warwick and i am from Brazil.
Lofty is our lead marketing manager he is from Texas, Lofty will be doxing with
max as a team in a live stream ama planned at the end of the week,
Max is also from Texas and lives close to Lofty, im hoping to get my visa
sorted again soon and relocate back there.
Loftys marketing
experience started in drop shipping and social media marketing. That’s what
slowly lead him towards widening his views on venturing towards the crypto/defi
scene
Max’s community management experience originated in gaming communities, hes
mixing his defi love with community skills to help run our wonderful community.
Glad you liked them 😅
Paul Mont | Satoshi Club: No, you’re wrong… I love them haha 😁🤍
Gold Rocket | Satoshi Club: Does this mean the team is not anonymous?😊
ATHony: Im not anonymous anymore, however Max and lofty are technically still anonymous until this Friday. Our community moderators will however not be required to dox if they dont want to. We only need our core team doxed in order to get higher quality listings and partnerships.
Gold Rocket | Satoshi Club: Great answer! thanks😊
Paul Mont | Satoshi Club:
This is wonderful news – not a thing to take for granted in the crypto world
and surely will help in your goal towards building a lot of trust from the very
beginning.
Gold Rocket | Satoshi Club:
thank you very much for your honesty and for helping to deal with this moment😊
Ready to proceed to the next question?
ATHony: Thank you we are trying hard to complete as much of the communities desires as we can 😊
Suure
Q2 from Telegram User @victorogb The economic model adopted by Baby Bakery is somewhat similar to that adopted by most meme tokens. A considerable amount of meme projects have opted for a rewards scheme payable in tokens of a much bigger and popular projects, rather than their native tokens. With Baby Bakery, the reward tokens are CAKE & BAKE. Even as Baby Bakery tries to encourage users to hold it’s platform token $BBAKE, may I understand why a considerable effort is placed on rewarding with CAKE & BAKE, how does this reflective distributiion approach help the $BBAKE token, and what is the total liquidity of CAKE & BAKE tokens available to the Baby Bakery treasury?
ATHony:
Good question, We are in fact the first token to reward both bake & cake
and are using that as a key factor about our project.
We have our reasons for picking those rewards, but huge majority of the bsc
community also were itching for dual rewards of this calibre.
Also alot of meme
projects may look similar on paper, but that’s a very small part of the meme
coin culture.
The community engagement and consistent marketing is what will truly set us
aside for the long term.. as im fairly certain within a few days from now a
team will copy our tokenomics and launch a replica project, the difference is
we will still be here next month and more importantly next year.
what is the total liquidity of CAKE & BAKE tokens available to the Baby Bakery treasury?
The total supply of baby
bakery is 100billion tokens, the total supply the core team will control is
2.5% in a marketing fund.
Paul Mont | Satoshi Club: I totally agree with this philosophy;)
Do you have a tokenomics paper to share with our community? 🙃
ATHony: may I understand why a considerable effort is placed on rewarding with CAKE & BAKE
Cake in our eyes is the
king of the bsc, as our ecosystem grows generally cake will follow.
We believe in the long term success of the BSC sector as a whole so therefore
feel confident betting on cake.
Gold Rocket | Satoshi Club:
Great! Thanks for sharing🧁
Do you want to add something? Or we can proceed to the next question?😉
ATHony: No problem 🙂
Lets proceed
Q3 from Telegram User @yellowchamp According to the Dessert phase of your Roadmap, you plan to start a retail investor based-marketing and you also plan to have a celebrity connection which give highlights to your final Roadmap. So, could you elaborate more about how will the retail investor based-marketing be implemented and will work in your platform? Can anyone become a retail investor in Baby Bakery? If yes, what would be the qualifications and requirements to become a retail investor in your platform? Finally, speaking of celebrity connection, can you tell us whose celebrity you are eyeing to be connected with? Since you are still new in the market, what would be the deal you can offer for this celebrity? What maybe the impact that this celebrity connection or collaboration will bring to Baby Bakery network? Thank you
ATHony:
Of course, with regards to retail investor based marketing, We plan on
propositioning baby bakery to a more wider audience outside of the bsc with the
help of well established agencies in the bsc, in order to do this successfully
we must be at a certain level and bring in tactics such as celebrities and
larger influencers.
We have connected with a agent specialising in connecting teams with the
relevant ambassadors and will be releasing more in-depth information on that
soon.
Finally, speaking of celebrity
connection, can you tell us whose celebrity you are eyeing to be connected
with? Since you are still new in the market, what would be the deal you can
offer for this celebrity?
We are looking at
connecting with a celebrity chef to begin, main reason is the obvious.. Its
very relatable to the project.
We would be offering them a fee based structure.
Gold Rocket | Satoshi Club:
Are you interested in social media influencers with a large following? 😀
ATHony: What may be the impact that this celebrity connection or collaboration will bring to Baby Bakery network?
As for the marketing side
its endless, we will personally be using the announcement, promotion, and
engagement from our chosen celebrity to our maximum advantage.
Through articles, community shilling, add campaign’s and social media, to reap
the maximum amount of benefit from the collaboration.
We have connected with a few already actually, multiple large-scale influencers already have promoted us. However, we are always open to review more and will be adding more on as we go.
Gold Rocket | Satoshi Club:
Thank you very much for the detailed answers! Ready for the next question?
ATHony: Yes please.
Q4 from Telegram User @JesusFre1tes Baby Bakery is a project that aims to reward its investors for simply holding the currency. And from what I read, These rewards are the result of Baby Bakery’s innovative new smart contract features. I find it interesting to know, what are those new smart contract based features that allow platform users to earn rewards just for holding the native token in their wallet? In addition to this, what is the APY you offer? The level of return generated will depend on how many tokens each holder has? How exactly will this passive earning mechanism work?
ATHony: Thats correct, By holding Baby Bakery you do earn both Bake & Cake. 3% of each transaction goes towards cake, 3% goes towards bake. therefor 6% of every transaction is taken in BNB and converted into Cake & Bake every 60 minutes and paid to all holders automatically.
The amount they receive
is based off there holding, for example if you held 1% of baby bakery, you
would earn 1% of the cake & bake rewards.
Due to this being auto
generated staking,, meaning holders do not have to lock there tokens we do not
have a apy %.
Earnings in rewards are based off the trading volume, more transactions buys or
sells = more rewards.
Gold Rocket | Satoshi Club:
I think this is quite unique.😁
ATHony: Thank you we are glad it’s a bit different.
Gold Rocket | Satoshi Club:
Thanks for your answer
Let’s proceed?😊
ATHony:
Sure 😁
Paul Mont | Satoshi Club: Couldn’t resist using a Baby Bakery sticker as well 😁
Q5 from Telegram User @Cheriemike In your Baker’s Recipes that is your roadmap,you have Main Course,Entrée and Desert.Are they part of your liquidity pool or they are just terms given to each section of your roadmap?Since your roadmap is divided into 3 recipes and not Monthly or Quaterly,don’t you think user will find it very difficult to track your progress?And can you share with us the recipe you are currently working on?
ATHony:
There is no correlation between our road map and our liquidity pool.
They are terms given to
each section of the road map to match our theme.
As for not being able to clearly tell about dates/quarterly ect that is a issue
we can see and glad you have brought it to our attention.
We will adjust and add the Monthly names and info next to each.
We are working to
complete our current recipe/road map.
As well as working on putting together a more in-depth marketing plan for the
community to view and follow along.
A lot of projects do not show much on the marketing side just a few billet
points in the road map.
We will be able to share this shortly with our lovely community in clear and
easy terms.
Gold Rocket | Satoshi Club: Thank you very much for the clarification😊
I suggest jumping to the last question of this part.😁
ATHony: Amazing 🙏
Q6 from Telegram User @ItsMelissa3 Baby Bakery prides itself on being the first reflection token on the BSC network that rewards its holders with both $CAKE and $BAKE every 60 minutes. Will this distribution be automatically added to our wallet or must we claim it every 60 minutes? Will we be able to withdraw our earned $BAKE and $CAKE tokens immediately or will they remain locked for a defined period of time?
ATHony: Yes, the distribution is completely automatic, we have removed the need to manually claim and following along with the current trend in auto rewards just adding our cake and bake twist.
Just keep in mind to view
the rewards in your wallet you must add cake and bake to your MetaMask or trust
wallet like you would any new coin 🙂
There is no time lock on
your rewards but we recommend holding your cake and bake for the future !
Gold Rocket | Satoshi Club:
Thanks a lot for the answers and clarifications 🙂
Part 2 — live questions from the Telegram community
Q1 from Telegram user @rinnguyen As Baby bakery is planning to host giveaway streams, Large events, so what will be benefits to users who will watch these streams?
ATHony:
Thanks for the question, firstly this engagement is key for the benefit of baby bakery. therefore we can allocate a portion of marketing funds to sponsor these events, give away BnB + busd prices, and host viewer-only competitions. This should lead to a reliable viewing audience due to high chance and interactive events with solid real prizes.
Q2 from Telegram user @Jonathantross What are your plans for marketing side of the project ? Is there any marketing wallet also ?
ATHony:
there is a 2.5% marketing wallet, The team will use its cake and bake rewards earned off holding this wallet and sell them to cover costs of marketing.. this also stops any need for us to actually sell our BabyBakery tokens.
Directly after launch for example we have book ads starting and our first wave of paid promotions post launch will begin.
Q3 from Telegram user @ashwini_Crypto 82.1K Entries have been filled in BABY BAKERY Whitelist Contest, That’s just great!! Could You please tell us a bit about the Whitelist contest? When can Non-Whitelist users can participate?
ATHony:
The white list contest is a way to get the community to help shill the project,, as well as giving the chance to get a slot in early pre-sale. This is open until 1pm UTC
NON-WHITELIST people can participate after a 2minute headstart has completed for the whitelist entries.
Q4 from Telegram user @highpee Congratulations in advance for your presale that will be held today on DxSale, by 3pm UTC. What time will whitelist close and is it late to join? Will there be a softcap and hard cap and individual buy buying limit?
ATHony:
Whitelist competition ends 1pm UTC, you can still join.
Soft cap will be set to 250 bnb with a hard cap of 500bnb
We have set the individual buy limit to 0.1bnb min and 3bnb max.
Q5 from Telegram user @Rinkus987 What various rewards Babybakery gave to its holders make it different from other projects?
ATHony:
Cake and Bake tokens, we are the first project to reward both of them!
Q6 from Telegram user @Ishan1_7 For you, what do you think is the best for the reward tokens? Is it CAKE or BAKE?
ATHony:
Personally CAKE however some of the team believe bake has more growth potential 🙂
Q7 from Telegram user @Ble73 Do you plan to create awareness in communities that are not English speaking?. Can you share links of platforms if any?
ATHony:
Yes, we actually care a lot about our non-English speaking members, we have already started a few non-English servers. However, we will be upgrading them with more moderators in those native languages to increase community and staff connection.
Q8 from Telegram user @hansoyeon How does Baby Bakery generate INCOME/PROFIT for the continuity and survival of the project? I can’t see it on your website. Do you have an entry fee or financial backer?
ATHony:
If you read our Bakeonomics, we have 2% transaction tax set to the marketing wallet. This will ensure we have the capital to keep up with the other titans in the space. This wallet will obviously also earn cake and bake, allowing us to sell those tokens to keep marketing up with baby bakery.
Q9 from Telegram user @centoscu I use trust wallet so where can I baby bakery token and how can I get hourly rewards?
ATHony:
You can buy on pancakeswap when launched, or purchase on dxsale during presale.
You will simply add bake and cake address and token info to your trust/meta wallet to view the rewards,
Q10 from Telegram user @Tehokjambe Many laypeople find it very difficult to understand a project. Is it possible for a layman to understand everything in your project? How will you handle it?
