Satoshi Club

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 Port and our guest was @gabriel_wong. The AMA took place on 10 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 Port!  Welcome to Satoshi Club😀

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

Today our guest is @gabriel_wong

Gabriel Wong: hello everyone! Nice to be here!

Hello and welcome to Satoshi Club, @gabriel_wong!

Mary | Satoshi Club: Hi, happy to see you here! How are you today?😀

Gabriel Wong: I am pretty good today. Excited to share more about Port Finance!

Gold Rocket | Satoshi Club: Nice Ava btw😁

So let’s start 🚀

Introduce yourself please. How did you get to be involved in crypto & Port?

Tell us please about your position in Port?

Gabriel Wong: Hey there! I am Port Finance’s Captain. I have previously worked at global tech companies such as Google. I have also contributed to the Ethereum DeFi and Solana Defi ecosystems before.

Mary | Satoshi Club: Nice background! How did you get involved into crypto?

Gabriel Wong: I got into crypto since 2017 from trading. Later on started to contributed to open source crypto projects. In the beginning of this year we feel that the time is ready for us to actually build something in this space. 😎

Gold Rocket | Satoshi Club: What is the essence, main Idea of Port?

Mary | Satoshi Club: Gold year😀

Gabriel Wong: We hope that Port can be the safe harbour for all liquidity.😊

Gold Rocket | Satoshi Club: so you are an experienced sea captain😁

How long does it take to develop a project? What plans do you have for the future?

Mary | Satoshi Club: How big is your team? How many team members do you have?

Gabriel Wong: We start writing our first line of code from April this year. And then we release our dev net version 2 months ago, mainnet version 1 month ago while also completed our fund raising at the mean time.

Going forward we have some exciting plans:

– Start liquidity mining in August 2021

– Implement Leveraged Trading using Serum orderbook in September 2021

– Start working on Fixed interest rate borrowing and lending in October 2021

– Polish existing UI and UX while integrating with other projects

We have 4 people in the core team all coming from technical background and previously worked at large global companies such as Google, Facebook, Microsoft and also top tier trading firms. We met each other in London. whilst studying Computer Science at Imperial College. We have followed the Ethereum DeFi scene quite closely. Now, we feel it is an opportune time to build on Solana, where we can fill in some of the missing pieces in its early, burgeoning ecosystem.

Gold Rocket | Satoshi Club: You started at a great time. Great action plan! 👌

Mary | Satoshi Club: Is your team public or anonymous?

Gabriel Wong: Working hard to serve our user!

The team is anonymous at the moment. 🙂

Mary | Satoshi Club: Gotcha 😀

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

Gabriel Wong: Sure!

Let’s go!

Q1 from Telegram User @Highpee

Port Finance is a Money Market Protocol based on Solana and you intend to provide users with Variable Rate Lending, Fixed Rate Swap and Interest Rate Swap. Can you explain the ideas behind these three-steps concept approach and how they are carried out? How do you provide a Variable Rate and Fixed Rate lending at the same? How is your variable interest rate tied to deposited token utilisation rate thereby allowing you to incentive more deposits? And how do these approach allow you to offer an attractive financial products that can better the ones provided by Aave, Compound or cream finance?

Gabriel Wong:  There are many question in Q1 here, I will respond to it one by one for clarity.

Mary | Satoshi Club: Sure, take your time!

Gold Rocket | Satoshi Club: Feel free😊

Gabriel Wong: Can you explain the ideas behind these three-steps concept approach and how they are carried out?

We hope to provide the product to the user in ascending order of sophistication.

The variable rate product is the most widely use product where depositor just deposit fund and earn yield, we hope to roll out this product first to serve the widest audience.

And then for the fixed rate lending product, it is more complicated where user need to decide on a interest rate that they are willing to pay and depends on the market rate they might not be able to borrow at that particular rate.

Going forward, we hope to implement interest rate swap which will be the most complicated.

Gabriel Wong: How do you provide a Variable Rate and Fixed Rate lending at the same?

We will allow the user to choose between fixed rate and variable rate in our protocol once fixed rate is live.

Mary | Satoshi Club: When do you plan fixed rate to go live?

Gabriel Wong: How is your variable interest rate tied to deposited token utilisation rate thereby allowing you to incentive

more deposits?

The interest rate curve is designed such that when the utilization is close to 100% the rate increased drastically. Recently in our platform, we have seen several times that the USDC deposit APY reaches over 30% +, sometimes as high as 50%+, this incentivize depositor to come and earn yield rather quickly. Depending on the asset, more volatile asset will also have a more aggressive parameters.

We plan to launch fixed rate lending via Serum orderbook by end of this year.

Mary | Satoshi Club: Awesome APY👍 for sure it will incentive

Gabriel Wong: And how do these approach allow you to offer an attractive financial products that can better the ones provided by Aave, Compound or cream finance?

Our first variable rate lending product is currently live on mainnet. Compared to Ethereum product such as Aave and Compound, we have many different innovations:

– more aggressive parameters for Loan to Value Ratio and also liquidation threshold

– for each user, we also plan to introduced the concept of subaccount where each wallet is allowed to divide the risk into different sub-accounts so even if one subaccount is liquidated, not all assets are lost for given users.

– we plan to integrate directly with Serum to achieve leveraged trading

Gold Rocket | Satoshi Club: great answer😁

Q2 from Telegram User @Asela1112

Currently Port Finance has been associated with lot of mega crypto platforms such as RAYDIUM, Solanium, MERCURIAL FINANCE etc..what are the future goals/plans, that you hope to launch with these partners? How did they help you in order to grow from ground level to current stage? Will you do more airdrops & giveaways for them in future? Will there be more partnerships in Port Finance partner’s list on your website soon?

Gabriel Wong: – Solanium has been our IDO platform and has been a great partner for the launch. We leveraged the huge (close to 200k) community for bootstrapping our user base. Their community also makes up the over 50k community that we have now.

– With Raydium we listed there yesterday where you can now trade.

– With Mercurial finance, we have been discussing integration

– We will definitely discuss further exciting community activities with them and also other Solana projects – stay tuned!

Mary | Satoshi Club: Btw, how trading is going?😀

Gabriel Wong: We’re mainly focusing on building out the product and grow the community at this stage. 😁

Mary | Satoshi Club: I like this direction of your thoughts 😀

Gabriel Wong: thanks!

Gold Rocket | Satoshi Club: by the way, share your roadmap with us.. you already said a bit in the intro …

Gabriel Wong: Here is a brief road map:

– Liquidity mining in August 2021

– Leveraged Trading using Serum orderbook in September 2021

– Start working on Fixed interest rate borrowing and lending in October 2021

– Polish existing UI and UX while integrating with other projects

Gold Rocket | Satoshi Club: Thanks for your answers and sharing ☺️

Ready to proceed to the next question?😊

Gabriel Wong: yep

Q3 from Telegram User  @KhaleesiTheCryptoLady

I read in your medium that major step in the Q3 PORT Roadmap has been the migration of mainnet application to prepare supporting more assets, which is already completed. So, what are the major changes you made compared from the old version? What will happen if users remain to use the old version? Is it necessary to withdraw funds from the initial launch application and redeposit them into the new application?

Gabriel Wong: To support more assets going forward, we deploy a new version of the on-chain program. So we asked our user to migrate from our previous version to our current version. It will be great if all user can migrate from the old version to the new version since there won’t be much borrowing happen there and we intend to deprecate it once all user fund has been removed.

Gabriel Wong: Done!

Mary | Satoshi Club: How many new assets did you add to new version? Was it the only one thing that changed?

Gabriel Wong: Currently we have added: USDC, USDT, PAI, SOL, SRM. We plan to keep adding new asset going forward! Deploying a new version allow us to improve the internals to allow for the change. 😎

Q4 from Telegram User @Deaddynot

Hello, Port team! Talking about your governance module which will be implemented in September 2021 i couldn’t find more details about this. Could you tell us how this module will work? What proposals will be subjects of governance and what requirements you have to members to become involved in this system?

Gabriel Wong: We will be disclosing the details of this shortly. The proposals that will be subject to governance include things like what assets to list, the risk parameters for various assets. Members will need to be holding a specified number of tokens to take part in governance.

Mary | Satoshi Club: Gotcha! We will wait for the updates on governance module 😀

I also want to ask you about security of your platform

Gabriel Wong: sure

Mary | Satoshi Club: What about it? Did you pass any audits?

Gabriel Wong: Yes we do. We have successfully passed the audit done by Bramah System. And we are also going through a second audit.

Thanks for your answers

Mary | Satoshi Club: Oh, that’s nice😀 security should be priority in the light of recent Poly hack

Thank you for your answers, Gabriel!

Ready to go to the next question?

Gabriel Wong: Yep. We take this extremely seriously. We are also working with LIQ protocol to ensure speedy liquidation as well. There is also extremely extensive testing before we deploy.

yep

Mary | Satoshi Club: Awesome 👍

Q5 from Telegram User @yellowchamp

I read in your document that Port Finance has a Bug Bounty Program,in which participants can earn rewards up to $100,000 USD. So,can you explain more about the mechanics and structure of your Bug Bounty Program? Can anyone even without skills in finding bug can participate in this program? Why does the rewards is so high? Does it not cost much for your platform for this reward? Is this Bug Bounty Program still ongoing event in your platform? Thank you

Gabriel Wong: Yes. Bug bounty is a long-running event to encourage white hat hacker to find and also report security vulnerabilities directly to us to increase the overall safety of the protocol. Anybody can report issue and we will take every report very seriously.

Mary | Satoshi Club: Btw, did anyone already find some bugs?😀

Gabriel Wong: Not any critical ones. Mostly just UI improvements. We have a Github repo open for all the issue that has been reported: https://github.com/port-finance/bug-bounty

Mary | Satoshi Club: Perfect 👏

Gold Rocket | Satoshi Club: Tell us please about your tokenomics btw

Sure!

Gabriel Wong: Here is a break down of tokenomics

Total Supply: 100 million.

• Ecosystem: 33%.

• Liquidity Incentives: 31%.

• Team: 20% .

• Fund raising: 10%

• Initial Liquidity: 4%.

• Advisors: 2%.

Gold Rocket | Satoshi Club: Great thanks 👌

Ready to proceed to the last question of this part?😊

Gabriel Wong: Sure!

Q6 from Telegram User @JaviSuBs™

Greetings, tell us a bit about Port Finance, how a project without liquidity protocol works, how Port can combine fixed income products that include variable rate loans, fixed rate loans and interest rate swaps. ?

Explain to us about the strategies that Port Finance intends to use to meet these objectives.

Gabriel Wong: We plan to doing different phases. The current focus is on the variable rate lending, then fixed rate lending and finally interest rate swap! We are working very hard and take a product-oriented approach.

We are taking a very product-oriented approach where we launched the product first and kept iterating based on user feedback. The current user interface is already our third iteration of the UI. We’re working tirelessly on a new version to support liquidity mining in August.

Mary | Satoshi Club: What about cross chain solutions? Do you plan them?

Gabriel Wong: Yeah, we plan to support asset coming from Wormhole bridge.

Mary | Satoshi Club: Gotcha 👍

So… Now we’re close to the most exciting part of our AMA 😀

Live part🚀

Part 2 — live questions from the Telegram community

Q1  from telegram username @highpee

Hello Port Finance 🙋‍♂️🙋‍♂️

You said you will introduce the concept of SUB-ACCOUNT which users can use to limit complete liquidation risk. How will a single wallet be used as multiple sub-accounts? How can this help to prevent complete liquidation of collateral?

@gabriel_wong

Gabriel Wong: Each wallet could have numerous sub account, they collateral and loan are separate for each. So even one sub account gets liquidated, it will not affect your other account.

Q2  from telegram username @Asela1112

Tell me 3 reasons, why to prefer Your over other competitors. What are those features, which makes you unique, from your competition?

thank you.

Hello 🙋‍♂️

@gabriel_wong

Port Finance have integrated flash loan feature. users can use it for Trading arbitrages, Collateral swaps & self liquidation & can be gained a huge profit. What is the maximum amount, you are capable to offer in the form of flash loan? Can you tell us the interest, that you incure back?

Gabriel Wong: For flash loan you can borrow up to 100% of the available liquidity that is still in the pool. And there will be a fee charged for flash loan as a percentage of the total borrow amount.

Q3  from telegram username @kkkkmmlo

Do the token holders have right to the participate in the governance of the project? On what kind of decisions can they vote on about the project?

Gabriel Wong: Yeah. Governance is able to decide what assets to list, the risk parameters required for for each assets for example. Members will need to be holding a specified number of tokens to take part in this

Q4  from telegram username @BJosefina61

Can you talk about your settlement ranges and interest rate determination? is it similar to Aave and Compound or something also some new features?

Gabriel Wong: Yeah, we we uses a model that is similar to Aave. You can read more here: https://docs.port.finance/interest-rate-curve

Q5  from telegram username @sweetdoge

What is Serum orderbook and what are the features of the Serum order book?

Gabriel Wong: Serum is the flagship DEX of Solana ecosystem. We plan to integrate with Serum to implement new features.

Q6  from telegram username @Smartling

What potentials did the team see in the Solana ecosystem that made them want to launch Port Finance on it and what goals do you intend to achieve by doing this?

Gabriel Wong: We believe in the long-term growth of Solana ecosystem.

We also believe borrowing and lending is the most fundamental building block of any Defi ecosystem. We aim to build a lending product that is easy to understand and use.

Q7  from telegram username @kkkkmmlo

Tell me 3 reasons, why to prefer Your over other competitors. What are those features, which makes you unique, from your competition?

thank you.

Gabriel Wong: 1. Our biggest strength lies in our speed of execution (with the core team being experienced engineers) and our product focus.

Compared to other lending protocols on Solana, we’re already on mainnet and we are actively looking to integrate with other protocols and supporting new assets. We believe that there is a first-mover advantage in this new ecosystem. We will also continue improving the product based on our users’ feedback.

2. With regards to the product, Port Finance has a broader scope compared with its competitors – it aims to be a one-stop shop for money markets products including 1) Variable interest rate 2) fixed interest rate lending 3) interest rate swaps. Based on our understanding, other competitors have a smaller scope in comparison.

3. Using the Solana blockchain, users are able to borrow more money vs what they can do on ethereum with the same amount of collateral

Q8 from telegram username @Nonerlike

You have a very big reward pool of bug bounty upto $100000. Do you have enough fund for this reward pool and whom should I contact for this? Is it available now or not?

Gabriel Wong: It’s still open and available. Read more here: https://docs.port.finance/security/bug-bounty

Q9  from telegram username @DF3295

What is your perspective of adding more assets to Port Finance, and could SOL serve as collateral as well? be decided by governance?

Gabriel Wong: We hope to add more assets in the coming weeks. SOL can be used as collateral, yes.

Q10  from telegram username @Ble73

Does this project support staking and farming sir?🍀🍀🍀🍀🍀

Gabriel Wong: We are planning for this! Stay tuned

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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

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

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

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Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/port_finance   

Twitter: https://twitter.com/port_finance

We are pleased to announce our next AMA on August 12th 2021 at 12 PM UTC Time: Satoshi Club x vEmpire DDAO

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

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

We will have the following structure:

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

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

Part 3: 300$ – A quiz about vEmpire DDAO

For more details:
vEmpire DDAO Website – v-empire.digital
vEmpire DDAO Telegram – @vEmpirediscussion
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on August 11th 2021 at 11:00 AM UTC Time: Satoshi Club x Baby Bakery

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Baby Bakery Telegram group

We will have the following structure:

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

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

Part 3: 300$ – A quiz about Baby Bakery

For more details:
Baby Bakery Website – babybakery.io
Baby Bakery Telegram – @babybakeryio
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We were delighted to welcome our guest from Swaperry . The AMA took place on August 9th, 2021 and our guest was @danghoa1.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Gold Rocket | Satoshi Club: Hello, dear Satoshi Club community! We are pleased to announce AMA with Swaperry.

Gold Rocket | Satoshi Club: Today our guest is @danghoa1

Phil Dang | Swaperry: Hello everyone.  I’m excited to be here.

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @danghoa1!😊

Phil Dang | Swaperry: Big thank you to everybody for attending this AMA!

Gold Rocket | Satoshi Club: We also really excited about upcoming AMA😊

Gold Rocket | Satoshi Club: Let’s start!

Introduce yourself please. How did you get to be involved in crypto & Swaperry?

Tell us please about your position in Swaperry?😊

Phil Dang | Swaperry: Of course!

Phil Dang | Swaperry: I’m Phil, co-founder and CEO of Swaperry.

Phil Dang | Swaperry: A bit about myself.  I was born and raised in Vietnam, but I moved to Singapore and eventually to the United States for education

Phil Dang | Swaperry: and now I live in Silicon Valley

Phil Dang | Swaperry: Before crypto, I was a software engineer.  I spent the last 4 years working at Google, and a few more years before that at Facebook.

Phil Dang | Swaperry: I’ve stumbled across the topic of blockchain with my colleagues at Google many times, but last year was when I was heavily drawn into by it.

Gold Rocket | Satoshi Club: Wow amazing background 👍

Phil Dang | Swaperry:

The future potential for blockchain to become such an integral part of technological products and contemporary finance really fascinated me.

Gold Rocket | Satoshi Club:

so you are golden youth😁

Phil Dang | Swaperry:

That is why early this year I decided to take the courage to leave Google and started Swaperry.

Phil Dang | Swaperry:

haha

Gold Rocket | Satoshi Club:

This is what impresses us every day.😍

Gold Rocket | Satoshi Club:

This is a really tough decision on your part! I’m sure you did the right thing🙌

Gold Rocket | Satoshi Club:

What is the essence of Swaperry?

Phil Dang | Swaperry:

Yep I’d love to tell you more about what Swaperry is about 🙂

Phil Dang | Swaperry:

There’s a lot to say, but in a nutshell, Swaperry is a highly powerful DEX built on a Polkadot parachain.

Phil Dang | Swaperry: If you’re not familiar with Polkadot, it is one of the most promising blockchain technologies about to launch

Phil Dang | Swaperry: and it’s said to be the next Ethereum

Phil Dang | Swaperry: So, Swaperry will leverage the gigantic horsepower of Polkadot to facilitate extremely fast and cheap transactions

Phil Dang | Swaperry: and offer a suite of much needed trading features that previously were unthought of on a decentralized exchange.

Gold Rocket | Satoshi Club: We are big fans of polkadot here and consider it one of the most promising directions.

Phil Dang | Swaperry: Thats awesome!  You also share our team’s thinking!

Phil Dang | Swaperry: These are things you won’t find on other DEXes

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 Swaperry?

Gold Rocket | Satoshi Club: Oops😁

Phil Dang | Swaperry: We have started this project since last January.

Phil Dang | Swaperry: Our team of close to 20 engineers have been hard at work

Phil Dang | Swaperry: and great news: we are actually at our pre-launch phase

Phil Dang | Swaperry: you will see us launching one of our first features, called prediction trading, within a month.

Phil Dang | Swaperry: And the rest of the products, including our DEX with limit order and stop loss, will come soon after to the market.

Gold Rocket | Satoshi Club: Oh! This is incredible! Thanks for sharing this with us.😍

Phil Dang | Swaperry: Our long term goal, though, is actually to bring the stock market onto our DEX.

Phil Dang | Swaperry: The stock market is nearly 100x more than the crypto market, but its not accessible to most of the world due to national borders.

Phil Dang | Swaperry: For example, most people in the world can’t buy Apple or Google stock because they are not Americans

Phil Dang | Swaperry: We want to be the team that brings stock accessibility to the next level, via a decentralized exchange, and we won’t stop until we finish that.

Phil Dang | Swaperry: Of course!  Happy to share 😄

Gold Rocket | Satoshi Club: So you are in the mainstream👍

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

Phil Dang | Swaperry: Sure!

Q1 from Telegram User @josegamboac

Swaperry will be one of the first decentralized exchanges (DEX) to be available for trading crypto assets on day 1 of Polkadot’s launch. Will Swaperry come packed with cross chain support, limit order, stop loss, margin, and even predictive trades? All these features will be completely decentralized? Will the community be 100% owner of these components?

Phil Dang | Swaperry: Absolutely great first question!

Phil Dang | Swaperry: Yes we do intend to launch Swaperry along with advanced features like limit order and stop loss.

Phil Dang | Swaperry: What we are dependent on is just the launch of Polkadot itself,

Phil Dang | Swaperry: which could be a few months away.

Phil Dang | Swaperry: Which is why, while we wait for its launch, we will be rolling out a teaser product, called predictive trading.

Phil Dang | Swaperry: This is something I’m super excited about!

Gold Rocket | Satoshi Club: Does community activity affect the final product?

Phil Dang | Swaperry: This feature works similarly to options trading on the stock market: you pay a ticket to predict the direction of a cryptoasset, and win disproportional rewards and possibly the lottery if you predict correctly.

Phil Dang | Swaperry: There will also be an achievement system that would reward NFTs to earners.  These NFTs give you massive benefits on Swaperry, and you can trade them with other users.

Phil Dang | Swaperry: We believe this product could be a huge hit

Gold Rocket | Satoshi Club: this is quite original

Phil Dang | Swaperry: And yes of course.  All of our products are 100% decentralized

Phil Dang | Swaperry: And once we launch, they belong entirely to the community.

Gold Rocket | Satoshi Club: I totally agree😁👍

Phil Dang | Swaperry: Of course.  We constantly seek feedback from our community to shape our final product.

Gold Rocket | Satoshi Club: Thank you very much for such detailed answers!

Gold Rocket | Satoshi Club: I suggest moving on to the next question. If you do not mind😊

Phil Dang | Swaperry: Sure, lets proceed 🙂

Q2 from Telegram User @Billz120

On Prediction Trading, how could I join pools that Predict the direction of an asset price and win a share of the big pot, along with lottery jackpots? The advanced CEX- only features like limit order and prediction trading, having been thought from the ground up in order to function and scale, what are the assurances that Perry Token will favourably compete with other Structures ? On Trustless cross-chain migration cryptoasset from any block chain on to Swaperry how could an investor successfully makes such a migration, and are they charges for such migration and at what rate?

Phil Dang | Swaperry: Wow that is a long question! 😄

Gold Rocket | Satoshi Club: Partially disclosed. But I think you have something to add😁

Phil Dang | Swaperry: I’ll try to answer as best as I can.

Gold Rocket | Satoshi Club: Satoshi Clubbers know how to surprise 😁

Phil Dang | Swaperry: The exact details on how prediction pools work will be shared later,

Phil Dang | Swaperry: but in a nutshell, you can buy an UP ticket or a DOWN ticket to predict the direction of an asset.

Phil Dang | Swaperry: when the pool expiry date hits, we evaluate the current price of the asset,

Phil Dang | Swaperry: and whoever predicted correctly will receive the pool amount, distributed evenly

Phil Dang | Swaperry: Winners are also entitled to a lottery drawing

Gold Rocket | Satoshi Club: And the one who was wrong 👀

Phil Dang | Swaperry: so you could potentially win a large amount!

Phil Dang | Swaperry: Well, you lose 🙂 just like buying a wrong option on the stock market.

Phil Dang | Swaperry: But!

Phil Dang | Swaperry: You could still earn NFT achievements for losing

Phil Dang | Swaperry: and these NFTs can be traded

Phil Dang | Swaperry: for potentially high price

Phil Dang | Swaperry: as the NFTS do bring massive benefits to your next prediction participations

Gold Rocket | Satoshi Club: That is, all the same, win win for all😁

Phil Dang | Swaperry: Correct

Gold Rocket | Satoshi Club: do you already have nft to share with us

Gold Rocket | Satoshi Club: Probably a prototype

Phil Dang | Swaperry: Right now we are keeping this under wrap

Phil Dang | Swaperry: Not to keen on revealing our secrets to potential competitors just yet 🙂

Phil Dang | Swaperry: But do keep an eye out for our announcement!

Gold Rocket | Satoshi Club: 😁 so pity

Gold Rocket | Satoshi Club: many thanks for the answer😊

Gold Rocket | Satoshi Club: Let’s proceed to the next question? Or you want to add something😊

Phil Dang | Swaperry: Yep let me just add my thought on this part of the question:

Phil Dang | Swaperry: “what are the assurances that Perry Token will favourably compete with other Structures”

Gold Rocket | Satoshi Club: Of course ❤️

Phil Dang | Swaperry: So Swaperry is built on the shoulder of giants.

Phil Dang | Swaperry: The giants are Polkadot and Polkafoundry.

Phil Dang | Swaperry: Polkafoundry is one of the top parachains on Polkadot, and they offer very reliable and scalable infrastructure

Phil Dang | Swaperry: That’s why we have strong confidence in the robustness of Swaperry software.

Phil Dang | Swaperry: The choice of Polkadot as a backbone technology also allows us to unlock and build many advanced features other DEXes don’t offer

Phil Dang | Swaperry: like limit order and stop loss

Phil Dang | Swaperry: which is why we think we have a chance at directly competing with CEXes as a strong option for traders

Phil Dang | Swaperry: I hope that helped address your concerns! 🙂

Phil Dang | Swaperry: We can proceed now

Gold Rocket | Satoshi Club: You’re absolutely right! I really like that you chose the best in crypto industry today

Q3 from Telegram User @DK177

Currently, NFT marketplaces are becoming popular among users. According to your roadmap, Swaperry has been initiated in the fourth quarter of 2020. However, NFTs will be introduced to the project by the fourth quarter of 2022, it means after two years. NFT related works help to grab the attention of investors. Why did you postpone putting this popular concept in to practice? What have you done so far to achieve this milestone by the said time? You have mentioned this target as “NFTs”. Please let us know whether you are going to create a NFT marketplace or to develop your own NTFs.

Phil Dang | Swaperry: Very great question indeed, and at the perfect time since I just mentioned our NFT achievements 🙂

Phil Dang | Swaperry: The blockchain industry is one that changes really quickly

Phil Dang | Swaperry: one thing that may not be such a hot topic last week could be the top hit this week

Phil Dang | Swaperry: the plan to implement NFT trading in 2022 was our original plan when we discussed our future roadmap as a team

Phil Dang | Swaperry: but seeing NFTs quickly becoming such a popular topic has led us to expedite our work on it

Phil Dang | Swaperry: That’s why you’ll actually be seeing our first suite of NFT products as soon as launch (next month!)

Phil Dang | Swaperry: the NFT achievements will go extremely well hand in hand with prediction trading

Phil Dang | Swaperry: and the early adopters will have the best chance to win NFTs,

Phil Dang | Swaperry: because they are limited!

Gold Rocket | Satoshi Club: yeah… this is very timely… nft are experiencing hype today…

Phil Dang | Swaperry: Exactly

Gold Rocket | Satoshi Club: That is, there will be a marketplace too?

Phil Dang | Swaperry: So yes, we will immediately start with our own NFTs, and followed by marketplace

Gold Rocket | Satoshi Club: Gotcha👍

Phil Dang | Swaperry: This is what we’ve wanted to do from the start: Swaperry is all about commercial freedom: trade anything DeFi, not just limited to cryptocurrency

Gold Rocket | Satoshi Club: tell us another secret

Gold Rocket | Satoshi Club: Which blockchain will you use for making NFTs? Your NFTs will be only collectibles or have some utility functions?

Phil Dang | SwaperryThis is not locked down yet, but we will likely go with a blockchain that most people have access to: BSC

Phil Dang | Swaperry: The NFTs have utility functions of course

Phil Dang | Swaperry: And because these NFT achievements are limited in quantity,

Phil Dang | Swaperry: their price will only go up, as swaperry users start growing and demand skyrockets

Phil Dang | Swaperry: so, the sooner you race to earn them the better

Gold Rocket | Satoshi Club: Yes, it confused me a bit. But then I realized that you have good cross-chain solutions. 😁

Gold Rocket | Satoshi Club: Thanks for your answers

Phil Dang | Swaperry: Dont worry, you’ll hear more details about it very soon! 🙂

Gold Rocket | Satoshi Club: Ready to proceed to the next question?

Q4 from Telegram User @ambbobb

Going through your website, I could see you have alot of Strategic Investors in your project like HG Ventures, Icetea lab, Signum capital etc but I noticed that not even one of them relate with STOCK TRADING and you planned to launch a New Stock Market on DeFi very soon. If this project went as planned it will be first of its kind in cryptocurrency market, though somethings might have been put in place, but how do you want to convince/motivate investors in the line of stock trading for your project? You also want to be trading TSLA, APPL, and GME on your exchange which will allow user to  Buy and sell their tokenized versions with USDT or PERRY. How can we Redeem them onto our brokerage as traditional stocks in order to exercise shareholders’ rights?

Phil Dang | Swaperry: Great question!

Phil Dang | Swaperry: You’re correct that none of our investors have strong relations with the stock market, and that’s for a good reason: We are still a decentralized platform at heart, and we need their guidance in the crypto space.

Phil Dang | Swaperry: And another is, what we are trying to do: bringing the stock market onto a DEX, is something so new, that no investors actually have experience in.

Phil Dang | Swaperry: Which is the whole point: we want to bring something brand new to the industry,

Phil Dang | Swaperry: not rebuilding an existing product from someone else.

Gold Rocket | Satoshi Club: you’re right. this is something unique for today

Phil Dang | Swaperry: So, while our investors cannot directly help with stock trading, they offer tremendous value in their connections and network

Phil Dang | Swaperry: For example, Signum is one of the top VCs in Singapore, and they can help us connect with top banks and brokerages there

Phil Dang | Swaperry: Its these connections that are invaluable when we are working on something as new as this.

Phil Dang | Swaperry: Lastly, we actually do have experts in stock trading

Phil Dang | Swaperry: they are not investors, but are our advisors.

Gold Rocket | Satoshi Club: It is really more valuable than money😊

Phil Dang | Swaperry: That’s why you don’t see them on the list.

Phil Dang | Swaperry: And as for how we might be able to bridge between the traditional stocks and the crypto world:

Phil Dang | Swaperry: via staking

Phil Dang | Swaperry: a local, 3rd party brokerage could potentially hold custody of a staker’s traditional stock

Phil Dang | Swaperry: in return, Swaperry mints the crypto stocks, which you can use for trading on our DEX.

Gold Rocket | Satoshi Club: Btw did you already finish a seed or private token sale? if so, can you share details with us? I’m asking because of investors you have 😉

Phil Dang | Swaperry: Of course!

Phil Dang | Swaperry: Right now, Swaperry has completed all of its seed and private fundraising rounds, and has raised a total of $1.6M.

Phil Dang | Swaperry: The next and final raise we will do is in the form of an IDO

Phil Dang | Swaperry: and it will happen within 2 weeks

Phil Dang | Swaperry: so you potentially will have a chance to be one of our investors as well

Gold Rocket | Satoshi Club: Really soon🤞

Phil Dang | Swaperry: our IDO will happen on RedKite launchpad, btw

Gold Rocket | Satoshi Club: what are the requirements?

Phil Dang | Swaperry: There is a whitelisting process, where potential investors will help us by spreading the words

Phil Dang | Swaperry: You will get announcements from us very soon on our media channels!

Gold Rocket | Satoshi Club: Where can we follow this process

Phil Dang | Swaperry: 👥 Our Official Social Media Links

Website (https://swaperry.com/) I Whitepaper (https://docs.swaperry.com/) I Telegram Chat (https://t.me/swaperry) I Telegram ANN (https://t.me/swaperry_ann) I Twitter (https://twitter.com/SwaperryDex) I Medium (https://medium.com/swaperry)

Gold Rocket | Satoshi Club: Great thanks 👌

Gold Rocket | Satoshi Club: Ready to proceed to the next question?

Phil Dang | Swaperry: Yes!

Q5 from Telegram User @nhairym

SwaPerry offers us a set of tools that help traders to analyze the market, add prices and make decisions, the DEX have been increasing their space at a fairly rapid rate, however the CEX are still in force in the market and with a high proportion of users; What CEX strategies and protocols do you think could be applied in DEX to create a more unified financial system that satisfies traditional and current demands? Polkadot provides them with the perfect ecosystem to develop all the strategies and proposals to achieve their ambitious but achievable plans and goal of showing the world that CEX is the past and DEX is the future?

Phil Dang | Swaperry: @Nhairym You’re correct that current DEXes have a few limitations.

Phil Dang | Swaperry: For example, transaction speeds tend to be much slower and more expensive.  The products are not intuitive at all.  They don’t have any cross-chain support.  And they don’t have advanced features like limit order that CEXes have.

Phil Dang | Swaperry: However, we really believe that the benefits of decentralization outweights them all:

Phil Dang | Swaperry: you don’t need any KYC, you don’t lose custody of your assets, and you don’t have to trust the system at all, because its all powered by smart contracts.

Phil Dang | Swaperry: That’s why Swaperry’s mission is, as you mentioned, to show the world that CEXes are that past, and DEXes are the future.

Phil Dang | Swaperry: Our team works extremely hard to get rid of the 4 limitations I mentioned before.

Phil Dang | Swaperry: First, Swaperry is powered by Polkadot, which is a very solid, scalable infastructure.

Phil Dang | Swaperry: It will allow transactions to be significant faster and much cheaper.

Gold Rocket | Satoshi Club: this is a quiet evolution 😁

Phil Dang | Swaperry: Second, we will have cross-chain support with other projects on Polkadot, due to the multi-chain nature.

Phil Dang | Swaperry: Third, our team has managed to leverage the power of Polkadot to develop many advanced features previously only available on CEXes

Phil Dang | Swaperry: for example limit order, stop loss and prediction trading

Phil Dang | Swaperry: And of course the goal is to demonstrate that all these could be built and powered by a 100% decentralized network

Phil Dang | Swaperry: And at similar level of convenience and intuitiveness.

Phil Dang | Swaperry: So trust me that once our product is launched, there won’t be a whole lot of reasons why people should continue to use CEXes anymore.

Phil Dang | Swaperry: I really expect DEXes will be the main trading mechanism in the future and I’d be suprised if CEXes still have such a strong dominant within the next 2 years.

Gold Rocket | Satoshi Club: If we talk about security, did you conduct an audit or hackathon?

Phil Dang | Swaperry: Of course we did

Andrés M. | Satoshi Club: Hi @danghoa1, happy to be here with you, it seems that powerful features are coming to be part of Swaperry, could you share the whole roadmap to check every event coming?😃

Phil Dang | Swaperry: As a DEX, it is critical that our software needs to be robust and highly secured.

Gold Rocket | Satoshi Club: And what results did you get?

Phil Dang | Swaperry: We currently have a few security experts acting as our technical advisors just for this matter.  At the same time, we hired a third-party security company well known in the industry, CertiK, to audit all of our smart contracts.

Phil Dang | Swaperry: CertiK is the audit company behind major projects like PancakeSwap, Binance & Polygon,

Phil Dang | Swaperry: so while no one can guarantee 100% bug-free software, we feel confident to leave the matter in their hand.

Phil Dang | Swaperry: And great news, we’ve passed their security bar

Gold Rocket | Satoshi Club: Safety first 👌

Phil Dang | Swaperry: Please be assured that we will only launch our product once we have prefected our software security

Phil Dang | Swaperry: Yes, this is absolutely important

Phil Dang | Swaperry: Hi Andres, of course.

Phil Dang | Swaperry: You can check on our website right now

Phil Dang | Swaperry: We do include our roadmap there

Phil Dang | Swaperry: swaperry.com

Andrés M. | Satoshi Club: Thank you, I’ll do

Gold Rocket | Satoshi Club: Thanks for your answers

Phil Dang | Swaperry: Youre absolutely welcome

Gold Rocket | Satoshi Club: We have last question before opening chat😊 let’s proceed🚀

Andrés M. | Satoshi Club: Yes, complete and detailed answers, that’s what our community needs 😁

Gold Rocket | Satoshi Club: Shoot please🚀

Q6 from Telegram User @Right_clicK1

PERRY will function as the native utility token of swaperry .In the explanation of Perry tokenomics, it was stated that 20% of total supply was allocated for private sale which took place in Q2 2021 and 1% for public sale. You raised $1.6Million in the private sale, I want to know how do you want to raise more than that in public sale when its allocation is not even up to half of private sale, how do you want to handle the upcoming sale in order to achieve more funds than the previous sale? Where and how are users going to participate in the public sale since Mainnet V1.0 is stated to be launched this quarter after public sale? Can you give more details about the sale?

Gold Rocket | Satoshi Club: partially answered

Phil Dang | Swaperry: Right I did address some of these

Gold Rocket | Satoshi Club: but we are waiting for interesting details 😁

Phil Dang | Swaperry: Our IDO public sale allocation is $100,000

Phil Dang | Swaperry: This sale will take place on Redkite

Phil Dang | Swaperry: The PERRY tokens will then be listed on exchanges soon after

Phil Dang | Swaperry: likely within the same day

Phil Dang | Swaperry: After IDO, we are no longer actively raising funds

Phil Dang | Swaperry: $1.6M is more than enough to give us the runway we need

Andrés M. | Satoshi Club: What will be the sale price of $PERRY?

Phil Dang | Swaperry: Then, we rely on our revenue collected from prediction trading and our DEX

Phil Dang | Swaperry: It will be $0.05 / PERRY, at IDO

Phil Dang | Swaperry: And as I mentioned, this will happen on Redkite

Part 2 — live questions from the Telegram community

Q1 from Telegram User @xperia3

Swaperry aim to take the advantages of CEX and strengthen DEX. While doing this, will Swaperry sacrifice some part of its decentralization? Do Swaperry target to be a mix of DEX and CEX which is commonly called CeDeFi or do you really aim to stay decentralized?

Phil Dang | Swaperry:

We do aim to be 100% decentralized. We don’t believe in a middleground here. If the product is not 100% decentralized, then it is centralized. Which is why its hard to overstate the achievements we’ve made in building limit order. Other DEXes that claimed to offer that, really just used some form of an off-chain system. For us, it is entirely decentralized

Q2 from Telegram User @RahulGandhi59

I could notice that in their roadmap they indicate that this Q3 will be made its public sale through IDO, and that after this they will carry out the audit process, right? But really why wait to complete the IDO to audit your contract? Shouldn’t they be done earlier to provide greater reliability to investors?

Phil Dang | Swaperry:

We have actually already carried out the audit

Q3 from Telegram User @Smartling

So what will Swaperry compensate me with if I lose or do I have to just lose out completely?

Phil Dang | Swaperry:

If you predict incorrectly, you will still have a chance to win a lottery in the pool. And you could still earn NFT achievements

Q4 from Telegram User @Robotliker1

What is your project strategy to educate and increase awareness in the global level who are non english speakers? Do you have any ambassador program for different countries?

Phil Dang | Swaperry:

Yes, we do work with ambassadors to represent us in non-English speaking countries. like China, Korea, Jpan

Q5 from Telegram User @highpee

One of your first set of products is PREDICTION TRADING .  How will users use it to bet against price movement?  Also, you said that a user that predicted correctly can win potentially disproportionate rewards. Can you provide a layman explanation to your complex rewarding model and why reward will be disproportionate rather than being proportional to users stake or position?

Phil Dang | Swaperry:

Of course, the more tickets you purchase to particpate in the predictiong pool, the more you’ll win. But what I meant by “disporportionate” is you might pay X for the ticket but win 10 or 15 or even 100 times what you paid depending on the current state of the pool

Q6 from Telegram User @sscpaster

How qualified the team members are? Do they have enough experience on blockchain and it’s related technology? Can you mention them and their background as well?

Phil Dang | Swaperry:

Most of our backgrounds are engineering. I myself am a former software engineer at Google. Our team’s CTO was also a senior software engineer at Motorola. We have a lot of crypto experts who are our advisors. For example, one of our advisors is Thi, who founded Polkafoundry, RedKite and advisor of Faraland and several other successful projects. I believe our project is in good hands!

Q7 from Telegram User @Emidm28

You mentioned that as Polkadot is currently under development, your prediction trading will be launched on Binance Smart Chain, and will be the first product in the Swaperry platform. Once the development of Polkadot is completed, will it also be launched on Polkadot?

Phil Dang | Swaperry:

Yes of course. Prediction trading can take place on different blockchains too, but the focus for our DEX is still Polkadot

Q8 from Telegram User @Sharajelln2

i haved stumbled across the topic of blockchain with my colleagues at Google many times, but last year was when I was heavily drawn into by it you said.

 do you think now YOU are success??  What’s  the difference now and then?

Phil Dang | Swaperry:

Great question.  So far I think my choice to leave has been correct, but it all depends on the success of our launch too!  Which is why I’d love to have you and this community join us on this journey 🙂

Q9 from Telegram User @K2ice

Do I need to continue buying an UP ticket or a DOWN ticket to predict the direction of an asset for each prediction or I will just have to buy a ticket once for all my predictions?

Phil Dang | Swaperry:

Each pool has an expiry date. For example, say 1 week/So you can buy as many tickets as you’d like, but it’ll all be wrapped up within a week

Q10 from Telegram User @bathulosnom

The blockchain industry is one that changes really quickly. So, in future if there is another project with more innovation come what will you do? Do you think you can change yourself as the technology changed?

Phil Dang | Swaperry:

I sincerely hope so.  While I can’t promise to always be one of the top innovators in the industry, our team and I do intend to.  We are here for the long run, and we wont stop until we have a well-deserved space in this industry.

Part 3 – Quiz Results

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

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

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

Our partners:

Swaperry Website – swaperry.com
Swaperry Telegram – @swaperry

We are pleased to announce our next AMA on August 10th 2021 at 01:00 PM UTC Time: Satoshi Club x Port

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

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

We will have the following structure:

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

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

Part 3: 300$ – A quiz about Port

For more details:
Port Website – port.finance
Port Telegram – @port_finance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

PART 1. Introduction of Mate project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about power tools for DEX users to trade better.

With Mate you completely trust that your order will always execute. Set and forget limit orders that come with our fermentation guarantee.

The plan of AMA session:

1. Part – Introduction and preselected questions.
2. Part – Live questions
3. The Quiz about Mate

The reward pool is 500$

Leading the AMA our clever and fun admins:

Gold Rocket | Satoshi Club – @GoldRocket27

Luis Merino 🇪🇸 | Satoshi Club – @LuisMe7

The Representative of the project:

Josh – @Joshavenue – lead community for Mate

Gon – @zeroxgon – core develope

Introduction of Mate project.

Luis merino 🇪🇸 | satoshi club:

Hello, Satoshiclubbers! I’m back 😄

Welcome to another AMA session. Our guests today are from Mate 🙂

@joshvenue, @oxgonzo welcome! 😊🙏🏻

Gold rocket | satoshi club:

Hello, dear community! We are pleased to announce AMA with Mate. 🌱🧉

Josh:

Nice to be here Luis!

Gold rocket | satoshi club:

How are you doing today guys😊

Gon:

Hey everyone, thanks for having us! 🧉

Josh:

Feeling bullish and fresh about everything! 🧉

Luis merino 🇪🇸 | satoshi club:

Nice to hear 😊

Gold rocket | satoshi club:

Great! Thanks 👌🧉

We are very excited about the upcoming AMA   and you too?

Gon:

Great, thanks!

Gold rocket | satoshi club:

Let’s start!😀

Introduce yourself please. How did you get to be involved in crypto & Mate?🧉

Tell us please about your position in Mate?🧉

Luis merino 🇪🇸 | satoshi club:

You won… You were faster 🥺

Gold rocket | satoshi club:

@joshavenue @zeroxgon

Josh:

Alright sure 😄

I am the lead community for Mate, I help to get the word out there and share about Mate’s mission to help traders to get the best deal for their bucks every time they wanna make a trade on a DEX.

I was involved in crypto since 2017, worked along with people from Thorchain and stacks.

For Gon, he is the core developer focusing on delivering the best product for Mate users. 😄

Luis merino 🇪🇸 | satoshi club:

Thorchain and stacks! Huge ones 😄👏 Great background indeed 😄

Gold rocket | satoshi club:

You have a great experience, I dare say. What is the essence of Mate? What is the main idea. What problems do you want to solve?

Josh:

My background is nothing close to my other teammates, they are more amazing!

Luis merino 🇪🇸 | satoshi club:

Even more? Is that possible? 😄👏

Gold rocket | satoshi club:

Btw… Also we would like to know about your team. Who is on the project team core? why do you prefer anonymity?

Josh:

We personally believe everyone in the Mate community wants us to deliver the best product Mate could offer.

Having the entire team’s identities out there could potentially bring in unnecessary noises. We don’t want that, which is why we are staying anonymous. But, we are also reachable in our social channels.

Gold rocket | satoshi club:

Thanks for clarifying! Gotcha😊

Luis merino 🇪🇸 | satoshi club:

Great explanation 👍

Josh:

Trust the code! Not the word!

About the problem we want to solve, let me type it out.

As for the team, the team working on Mate consists of industry leaders with backgrounds from ex-stacks, Airbnb, badger, consensus and polygon (formerly Matic), and sap ERP software, solving some of the most challenging problems in the blockchain space.

Oh yes, the problem!

The problem with DEX trading is, the majority of the trade is executed on a market order, which carries high price impact and slippages. We will be releasing some examples to showcase the price difference between CEX and DEX trading.

Plus, most of the existing limit orders solution on DEX is inefficient, as most limit orders are not filled even when the price meets. Due to this inefficiency, traders had to resort to a market order.

By solving this problem, we help traders make more with their trades, only paying what a token is worth.

Luis merino 🇪🇸 | satoshi club:

How many workers are involved in Mate?

Gold rocket | satoshi club:

I wanted to leave this question for a snack. But you started first 😁 have you audited. If not, do you have this in your plans 😊

Josh:

11 core team members 🙂

Gold rocket | satoshi club:

Well-known and influential names 👍

Luis merino 🇪🇸 | satoshi club:

Thank you!

Gon:

Yes, we have this in our plans, at the same time our limit orders smart contract is designed in a fully non-custodial way. This means your tokens do not leave your wallet until the real trade (order execution) happens. So no issue of lack of user’s funds. As for the farming – we will be utilizing the most secure and audited in the whole DeFi space synthetix contracts for that

Gold rocket | Satoshi club:

Thanks for the great introduction, we will have a question selected for part 1. Ready to start?

Or do you want to add something?

Gon:

Yes, please.

Preselected questions about the Mate DeFi project.

Gold rocket | satoshi club:

Q1 from telegram user @dk177

You have indicated that your governance token, $Mate, can be used for farming and staking on your platform. This is a common feature for all DEX projects with a governance token. In addition to these rewards, what are the utilities of $Mate? Will it be tradable on other exchanges? Do you provide rewards with the same token, or is there a separate reward token? By the way, is your platform secure for long-term holdings? You have indicated that there is a risk of bugs, even for audited and highly reputable projects. According to this statement, new projects like Mate which are yet to be audited can be considered riskier. How do you assure that the holdings in Mate are secure? Is it a good option for a long-term investor to buy a considerable amount of $Mate and hold them in your platform?

Josh:

That’s a long question!

As for the utility of the Mate and long-term holding. You can stake Mate and earn fees for every limit order executed on Mate’s platform, 0.05% is paid out to Mate stakers.

There is a significant shift of traders switching from CEX to DEX in the current cryptocurrency exchange landscape. A popular CEX, Binance makes most of its revenue by collecting trading fees, while BNB can be used to discount trading fees. The majority of DEX doesn’t provide a similar experience to CEX, especially the ability to create limit orders.

Mate collects 0.2% fees per limit orders executed within the Mate platform. Mate’s executor node validators receive 0.15% of the trading fee, while Mate’s receives the remaining 0.05% as xMate as a reward for staking.

In conclusion, Mate rewards payout to Mate’s holders, followed by, zero inflation making it attractive for participants to hold Mate tokens in the long run.

Luis merino 🇪🇸 | satoshi club:

Great answer, josh

Gold rocket | satoshi club:

Really, the benefits are obvious! 👍

Josh:

Mate basically is a win-win for all parties involved.

Traders: get better deal with their capital.

Mate stakers: earn fees

Everyone wins. 👍

Luis merino 🇪🇸 | satoshi club:

Quite obvious 👍

Gon:

As for the safety – we will open source the code just before the launch and it will be transparent to anyone.

We cannot claim its 100% secure, as even the top projects that have been audited by multiple firms have got hacked in the past.

We can claim though, that no contracts except farming will hold any tvl. And as we mentioned we are using a staking rewards contract from the synthetic project for farming (which has been audited by several top tier audit firms)

Gold rocket | satoshi club:

Win-Win 🤩

Gold rocket | satoshi club:

Thanks for detailed answers👏

Gon:

And our limit orders contracts in comparison with the competitor projects are designed in a fully non-custodial way, which means your tokens do not leave your wallet until the real trade (order execution) happens.

Luis merino 🇪🇸 | satoshi club:

You are right. Risk is always there

Gold rocket | satoshi club:

By the way, we have a question on this topic

Gon:

So, the tokens are not stored in our contracts but rather in your wallet 🙂

Gold rocket | satoshi club:

If you’re ready we can jump to the next question. 😊

Gon:

Sure

Gold rocket | satoshi club:

Q2 from telegram user @brainchest

CEX has a deposit and the money is operated within the exchange. On dex, I need to confirm the order and pay a commission on the value of the gas at the time of the transaction. How will this wORK on your dex? Will I have to send you the full value in front of time to the Mate DEX wallet? Otherwise, how will the instant purchase happen when the right price comes in? Even if I get the wallet notification and make the confirmation, minutes will pass and the price will change and I won’t be able to buy at the right price.

Gon:

Good question. Let me answer it in detail…

Luis merino 🇪🇸 | satoshi club:

Sure! Take your time.

Gon:

You only pay gas when placing an order. Still, you are not sending your tokens to our contracts (you keep them in your wallet), you only have to approve spending of your tokens to our contract.

Then so-called executor nodes will constantly watch for new orders and start monitoring pancakeswap for the opportunity to swap your tokens at the rate you specified when placing an order. Executor nodes are charging 0.2% fee on the amount being traded as a reward for fulfilling your order (and they pay gas for executing that transaction)

Josh:

To put it simply, you don’t need to wait for any notification to manually trade it. It does it all for you. 🙂

Create limit order -> price hits -> order filled, no need to check back all the time. 🙂

Gold rocket | satoshi club:

This is a very interesting system. Thanks for your answers. By the way, share your tokenomics with us please

Josh:

There will be several million in max supply, hard cap.

Mate is not an inflationary nor deflationary token, no minting or burning mechanism.

For more details on tokenomics, we will be releasing an official gitbook release on this within days from now. 🙂

Gold rocket | satoshi club:

Don’t forget to share with us😊

Luis merino 🇪🇸 | satoshi club:

Waiting for that release 👀😄

Gold rocket | satoshi club:

Can we proceed. Or you want to add something?

Josh:

100%, once it is live, we will be sharing it via our social channels.

Luis merino 🇪🇸 | satoshi club:

Thank you for the explanation. Satoshi Clubbers, you need to follow them to see the tokenomics @useMate

Josh:

Maybe I can add this point.

Mate token is a governance token with hard cap. There are people asking why we don’t have some sort of burning mechanism, the simplest explanation will be, we don’t see why that is necessary for a token with hard cap.

Other than that, we can move on the next one. 😄

Luis merino 🇪🇸 | satoshi club:

Thanks for the clarification 🙏🏻

Gold rocket | satoshi club:

Q3 from telegram user @victorogb

The Mate project was created to primarily address the challenge of losing unpredictable slippage on placed limit orders. Mate thrives to go one better than the most popular DEX on BSC (pancakeswap) by giving investors the best deal for their money. However, with a majority of your liquidity source and executor nodes from popular defi amm sites like pancakeswap, how does Mate intend to provide best value for it’s users while also trying to improve and better the services provided by the likes of pancakeswap, how is the fee structure for executors and traders on the Mate dex, and asides drawing liquidity from Pancakeswap, what other ways will Mate look to increase liquidity?

Gon:

Take this example for instance. You will receive the amount you see here. Guaranteed.

Mate is sourcing liquidity from Pancakeswap with the future plans of aggregating liquidity from multiple AMMs and going multichain 🙂

So, no matter what could happen under the hood, the amount you should receive will be the one you specified when placing an order, otherwise the transaction will simply not execute

Luis merino 🇪🇸 | satoshi club:

I will indeed use Mate then.

Josh:

You better be!

Why pay for unpredictable price impact and slippages for your favorite tokens?

Luis merino 🇪🇸 | satoshi club:

That’s the question I will make every day now 😂

Gold rocket | satoshi club:

This is a very important point. And I think you have something to be proud of👍

Luis merino 🇪🇸 | satoshi club:

I also think so

Gon:

Thanks 🙂

Josh:

Let me answer this in detail with an example.

Let’s say you are trying to buy ORK token with $10,000 via pcs. And pcs uses market order to fulfill your order. It would look like this.

You would only get 30,237 ORK for the $10,000. Your average price would be $0.3307.

Notice the price impact? And here’s another order with a smaller amount of busd.

Notice the difference?

The price per ORK is now lower and the price impact is lower.

Gold rocket | satoshi club:

Looks great 👍

Josh:

Limit order eliminates this uncertainty.

And only ensuring that you as a trader, buy any tokens with a fixed price per token without uncertain price impact or slippages.

Luis merino 🇪🇸 | satoshi club:

Great explanation 😄😄😄

Gold rocket | satoshi club:

I see you thought it well😉

Josh:

My team thought it well!

Gold rocket | satoshi club:

By the way, it would be great to read your roadmap.😊

Josh:

We will be updating the roadmap soon, but for now, we are focusing on delivering the best limit order experience beyond what centralized exchanges are offering to the DEX traders,

Gold rocket | satoshi club:

Thanks for your clarification. Ready to proceed to the next question?🧉

Josh:

Sure, let’s go!

Gold rocket | satoshi club:

Q4 from telegram user @highpee

The major aim of Mate is to provide a platform that has the ability to allow the placement of limit orders for any BSC tokens. But one of the advantages of cexes where limit order approach is commonly practised is that it allows limit orders to be done on many token pairs irrespective of their network. Are you only going to ensure the trading of assets on BSC network? Are there no plans to bring this innovation to other chains such as ethereum? Also, won’t it be possible for you to take this further and provide a DEX platform that will allow cross-chain limit order placements for token pairs involving multiple chains?

Gon:

As I answered in the previous question -> we have plans to go multichain and source liquidity from multiple amms. Pancakeswap and BSC is just the beginning.

As for the second part of the question -> I personally havent thought about it, but it sounds very interesting. Thanks for raising that point. I will research more into it. 🙂

Luis merino 🇪🇸 | satoshi club:

New idea for Mate

Gon:

Yeeah 😄

Josh:

CEX advantages right now:

1. Limit order
2. Many token pairs with different networks

Mate advantages:

1. Limit order
2. All BSC tokens are supported
3. In the future, for any supported chain, all tokens from the supported chain will be supported. Opening more token pairs than what any CEX could offer.
4. Non-custodial.

Luis merino 🇪🇸 | satoshi club:

Mate is indeed more than a simple CEX

All BSC tokens… That’s a lot 😂😂

Gold rocket | satoshi club:

Indeed. You will create a revolution 😁🧉

Ideas are born from the air to Satoshi club😁

Gold rocket | satoshi club:

What other AMM do you have in your plans?

Gon:

Technically we can support any fORK of Uniswap on any chain 🙂

Gold rocket | satoshi club:

Thanks for your answers! Ready to proceed to the next question?😁

Gon:

Sure, let’s get it 🚀

Gold rocket | satoshi club:

Q5 from telegram user @yellowchamp

I see that Mate is being powered by Orakuru , so can you describe your partnership with Orakuru ? What is the main focus and main contribution of Orakuru  to Mate network? Why do you choose to be powered by Orakuru ? What advantages, benefits and expectations you are looking forward from them as a share for the development of your platform? How does Orakuru brings a greater impacts to your network and to your community as a whole? Thank you

By the way, we really love Orakuru and they were at our AMA😍

Luis merino 🇪🇸 | satoshi club:

That’s why you chose the question? 😉😂

Gold rocket | satoshi club:

You know me too well 😁

Josh:

Mate is being incubated by Orakuru.

Orakuru focuses to deliver the best value to ORK holders. For many months, there is a demand from the ORK community to allow staking for their ork. Mate allows that to happen and at the same time, solving a real problem in the DEX space.

Once Orakuru goes to mainnet, Mate will be using Orakuru ‘s oracle.

Gold rocket | satoshi club:

Wel, Great plan😁

Josh:

Orakuru and Mate’s solution not the same!

They are both unique to it’s own value proposition.

Luis merino 🇪🇸 | satoshi club:

Ama-zing!

Gold rocket | satoshi club:

Thank you very much for the clarification.

Ready for the last question of this part😉🧉

Josh:

Sure, let’s ask away!

Gold rocket | satoshi club:

Q6 from telegram user @rotoxy

I have seen that you plan to launch your farm between 9th and 10th of august. However, today is 5th and I have not seen any news on how to buy $Mate which will be you to participate in farming. Was there no private sale and are there no plan for public sales? Can you explain how you plan to distribute your tokens and how investors will be able to get or buy it? Also, can we give us some details on how yield farming will be done when it is launched? Will this be done on your protocol or is it going to be hosted on external yield farming platform? How wil your apy look like when you launch this?

Gon:

There was no private sale. And no plans for public sale. We will share the tokenomics together with the white paper very soon (in the upcoming days).

This is a fair launch. The only way to get $Mate is to farm ork-BNB and Mate-BNB to begin with. (with more farms coming slightly later), or to buy it from the open market (Pancakeswap).

The farming will be done on our own website. As for the APY we can’t say much at the moment, as we don’t have the USD price for $Mate.

Prepare your ork-BNB lp tokens and get ready to farm $Mate -> then get Mate-BNB lp tokens and farm even more $Mate (as Mate-BNB farm will have higher rewards)

Gold rocket | satoshi club:

Thanks a lot for the great answer!

Luis merino 🇪🇸 | satoshi club:

I will prepare those ORK-BNB LP tokens

Gold rocket | satoshi club:

Now please share useful links with Satoshi clubbers in front of the open part

Gon:

As always early birds will get the most rewards, so stay tuned 🚀🧉

Luis merino 🇪🇸 | satoshi club:

I’m hyped, Mates… 😉😂

Josh:

Hahaha I got you！

Gon:

Sure, thanks.

Don’t forget to subscribe to and follow us on our official channels:

💬 @useMate

📢 @useMate_ann

🕸 useMate.com

🗞 blog.useMate.com

🐱 github.useMate.com

🐦 twitter.useMate.com

🤖 discord.useMate.com

Gold rocket | satoshi club:

Thanks for sharing😁😍❤️

Get ready for the most impressive part of our ama! Live questions!🙌🙌🙌

Drink your Mate 🧉tea and fly🚀

Luis merino 🇪🇸 | satoshi club:

Are you guys ready?

Gon:

Ready

Josh:

Ready

Luis merino 🇪🇸 | satoshi club:

Opening chat in 30 seconds. Get your questions ready and remember the rules

3, 2, 1… GO

PART 2.Questions about the Mate project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Mate crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @dorutay1

Currently, the most popular DEX in the BSC ecosystem is Pancakeswap, which trades around $400-$500 million per day.” So, is MATE targeting more than this competitor’s trading volume? What is your most important goal in competition?

Josh:

Pancakeswap and Mate’s goal are totally different.

Pancakeswap is an AMM platform, having high liquidity is a MUST for them. In order to achieve that, they allow anyone to be rewarded with CAKE for providing liquidity to BSC tokens.

Meanwhile, Mate is a DEX platform that prioritizes Limit Order to ensure traders paying the set price per tokens when trading. PCS do not have Limit Order, their focus and tokenomics are completely different. Mate’s generate fee solely from Limit Order trades.

Q – 2 from a telegram user @Tahsinahmett

What will be the role of the MATE token on the platform? How is the actual use? Do owners have voting rights in Governance? 

Josh:

The MATE’s governance model evolves around the community holders who participate in the governance proposal and discussion.

The current MATE’s model and functionalities are never constant as the community can start proposals to modify the Mate’s ecosystem.

Once the governance is ready, anyone can vote on the Snapshot.

CAKE snapshot is a good reference in just you are looking to search for a reference.

Q – 3 from a telegram user @Pratze

NFT is really popular for DeFi project on 2021, do you have any plan development regarding NFT for Mate project? And how about staking system for your project? what will stakeholders get from that stake?

Josh:

We don’t have plans for NFT at the moment, even if we do, most probably it will be super exclusive version of NFT with arts representing strong community members and their past contribution as a story. This NFT idea is not in stone yet.

We might have NFT if there is a great demand and backstories for it.

Basically for staking, rather than holding MATE, you can stake it and earn xMATE. xMATE is earned via the 0.05% from every limit orders executed.

Q – 4 from a telegram user @tankmon354

It is mentioned that limit orders are executed by decentralized executor nodes. So will these nodes be run by the community, or is there some sort of selection process similar to what Orakuru has done?

Gon:

In the current implementation anyone can become an executor 🙂 and get 0.15% fee on the amount being traded as a reward. You can even develop your own executor node implementation if you feel doing that. No restrictions at all

Q – 5 from a telegram user @K2ice

You said you guys will be opening the source the code just before the launch so as to make it transparent to anyone. Don’t you think you might be giving scammers a chance to create a fork of the MATE project by doing this?

Josh:

We will think more about it and probably open sourcing some part of the smart contract. (This might change.)
Given with all the exploits out there, it’s difficult to decide between which approach of transparency is the best as we don’t want our communities to be hurt from bad players out there.

Q – 6 from a telegram user @feranno

Limit orders are also not placed in any central database. The order is placed through interaction with Mate’s smart contract and is executed through a network of enforcers. Could you please explain for many people with insufficient technical knowledge like me, is this difference very important and what is the benefit for us?

Gon:

Mate’s limit order model is very different from how 1inch or 0x (Matcha) are solving limit orders. Most competitors of Mate work on a maker-taker model to place and fill the limit orders. Each maker has to wait for the taker to fill the order. This means even if the limit price is reached and there is no taker, then the order will not be executed.
Mate does not use a maker-taker model for limit orders, instead, we get execution liquidity from DeFi AMM’s.
We wanted the limit order execution to be at most priority and hence have built a model in which the order does not have to wait for a taker if market conditions meet limit order conditions.
The key differences and advantages Mate has over 1inch or 0x(Matcha) or both are as follows:

Decentralized
Mate limit orders are not placed on any centralized database. Order is placed via interaction with Mate’s smart contract and executed via a network of executors.
Our existing decentralized network of executors ensures order execution happens. Even if a single executor has blacklisted a particular order and denies execution of the same, there is always some other executor waiting to execute the order and collect rewards for it. As long as the order fee rewards are greater than the executor’s gas fee, there will always be a financial incentive to execute the order.

Best Liquidity
As AMM’s liquidity pools have the most locked-in assets in DeFi, this helps fuel greater liquidity increasing the chances of successful order execution from Day 1 for the protocol to be usable.
Order aggregation can be done across multiple AMM’s to further increase the liquidity and efficiency of the order execution.

Best Order Execution
No issue of lack of user’s funds as Mate is designed in a fully non-custodial way. This means your tokens do not leave your wallet until the real trade (order execution) happens.
No need to wait for a taker to execute the order. Order is filled with a liquidity provider pool of any AMM.

Q – 7 from a telegram user @iam12312

Could You mention some features of Mate platform that are different/unique from other DEX platform?
Is App live?

Gon:

The answer was in the previous question.

Q – 8 from a telegram user @coinresearcher

Do you have any partnership with Synthetix project and which companies do you partner with?

Josh:

We do not have any official partnership with Synthetix.

We are just using Synthetix open-source smart contract as a reference to build Mate on because Synthetix smart contract is one of the most secure and battle-tested smart contracts out there.

Q – 9 from a telegram user @Arisabela

You mention on your website that your platform allows users to set and forget limit orders that come with your fermentation guarantee. Can you explain this “fermentation guarantee part”? How do you ensure to your users that their orders will always be done and what technology do you use to achieve it?

Gon:

As long as the order fee reward is greater than the executor’s gas fee, there will always be a financial incentive to execute the order. And even if a single executor has blacklisted a particular order or denies execution of it, there will always be someone else waiting to execute the order and collect rewards for it

Q -10 from a telegram user @cristobal zamora

It is clear that DEX have several problems such as: speed, costs, user experience. What makes MATE a DEX different from what is present in the market? Are you able to overcome any of these drawbacks?

Josh:

The current existing solution like 1inch uses a maker-taker model like what Gon said earlier. In other word, even when price meets, trade are not guaranteed to execute.

Our executors model is designed to create the most flawless Limit Order experience. Once the price hits, it will execute without you needing to keep checking it.

Imagine Binance’s limit order without KYC, but on DEX with unlimited BSC token pairs. Clean and simple design for better usability.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Mate project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

  English Telegram group  |  Russian Telegram group   |  Spanish Telegram group  |  Telegram Channel   |  Twitter |  Website 

Our Crypto Partner by this AMA: Mate

Telegram group  | GitHub |  Tweeter  |  Website  |  Medium  | Discord

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from 1DOGE, a comprehensive platform with Static reflection and play to earn gaming mechanisms to enable gamers from all over the world experience Gaming and NFT on the blockchain. The AMA took place on August 8 and our guests was Togo a marketer & blockchain enthusiast.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

---

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We are pleased to announce AMA with 1Doge. Today our guests is @supertogo.

Togo: Hi all, Great to be in this great community. Thank you for having us.

Gold Rocket | Satoshi Club:  How are you doing.

Togo: Doing great! How are you doing today?

Andrés M. | Satoshi Club: Excited for this AMA session.

 Gold Rocket | Satoshi Club: we look forward to hearing from you today about your project. so let’s start.Introduce yourself please. How did you get to be involved in crypto & 1Doge? Tell us please about your position in 1Doge?

Togo: Thank you for that question.

I’m Togo a marketer & blockchain enthusiast. Been involved in the crypto space over the past 4 years.  I’ve always wanted to be part of a team building a community driven project that is both fun & profitable. Glad to be a core team member in building 1Doge Finance.

Gold Rocket | Satoshi Club: What is the essence of 1Doge?

Togo: The initial idea came from being a fan of doge coin, we decided to improve on the features of doge coin as well as utility and eventually take the doge clan past the $1 mark with our 1DogeLand NFT Gaming & huge advertising plans.

Gold Rocket | Satoshi Club: Great! How long does it take to develop a project? What plans do you have for the future? And what can we expect from 1Doge?

Togo: So the team has been working on 1Doge since 3 months ago, with the initial planning and smart contract design.

Why we are different.

We have an upcoming NFT game (1doge land) that we envision to be one of the most used DApps in the BSC Ecosystem in the near future. We have a double burn mechanism that is sure to keep our token price ever rising, we also have a unique antidumping feature to maintain a stable price floor as shown on our website.

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

Togo: @jasondoge and myself are the cofounders of 1Doge, our team is made up of experts in disruptive technology, cryptocurrency and marketing with wealth of experience in these fields.

The team is anonymous for the time being for security reasons in our home country.

Q1 from Telegram User @Visher_keen

In less than 48hours, you amazingly hit your 110BNB target during the Private sale. Public sale is starting august 12 (10 days to this time). There is no additional information regarding that. From your whitepaper, there would be about 542BNB worth of 1Doge available for presale at the price of 1BNB per 641000 1DOGE. What will be the minimum and maximum amount of 1DOGE each person can buy? Will there be any form of whitelisting? And which Launchpad will you use?

Togo: Yes, there’ll be a whitelisting process. The min buy for presale: 0.2BNB.

Max buy: 2BNB, regarding launch platform, we intend to use unicrypt and a well-known Launchpad, more details would be announced before 12^th.

Andrés M. | Satoshi Club: How to join the whitelist?

Togo: The whitelisting campaign starts Monday, 9th August 14:00UTC. Details on how to participate would be announced in the community channel.

Q2 from Telegram User @Emidm28

You are building the next generation game for android and iOS called 1Doge land, where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. I did read that the 1Doge land will be fun above all else while providing an avenue for savvy gamers to earn passive income. Is there a way for those beginning users who are not savvy gamers to also earn passive income? Regarding contributions to the ecosystem, can less experienced users also contribute?

Togo: Earning with 1Doge is double edged: You can either play to earn or hold the tokens and earn from the static Reflection mechanism.

Gold Rocket | Satoshi Club: do you have a promo video?

Togo: For now, we have shootout videos from 6 well known celebrities. We are also finalizing the first platform video -review. Should be out later today or tomorrow.

Gold Rocket | Satoshi Club: if you want you can share with us.

Togo: So we did a compilation of the video links here:

Torrie Wilson : https://youtu.be/HMozQf4gtDU

Larry Nance : https://youtu.be/JdcDhAElhfY

Hanbyul Jang : https://www.youtube.com/watch?v=Ky-VH1MCNyU

Puggy smalls: https://youtu.be/VLVg84VI0sk

Kentucky & Derby : https://youtu.be/WPPh7bzBVLM

YouTube (https://youtu.be/HMozQf4gtDU)

Torrie Wilson Shout-out to 1Doge. Hear what Torrie Wilson Had to say about 1Doge.  To find out More about 1Doge , do visit our Telegram Community: https://t.me/OneDogeGroup

Andrés M. | Satoshi Club: Could you share us your roadmap?

Togo: Kindly navigate to the roadmap from the website https://1doge.io

Q3 from Telegram User @Crypilord

There are multiple streams of projects that allocates a portion of their token to Charity and at the end not use the allocation for charity directly. In the case of 1Doge, what form of charity model will you use to ensure this portion of the token is used only for charity? How will you disburse the 5% share for charity in a way that will not affect the value of the token since charity organisations uses fund received almost immediately? And for the community, can we actively relate with the charity model?

Togo: Great question. Our charity model. As a project, the giving back model we employ is quite a highly sustainable one. Five percent (5%) of 1Doge tokens is reserved for charity, this means that the charity wallet Will receive 5% of all redistributed tokens per static Reflection. This way, the charity wallet receives 1Doge tokens that will be used to support charitable causes as directed by the community.

Unlike other projects that have once off charity payments or promise to donate to charity and never deliver on their word. This ensures that the charity is always a part of 1Doge and proceeds are delivered to the charity wallets with every static Reflection.

Q4 from Telegram User @victorogb

In an effort to ascertain its reputation of becoming the only token from the Doge clan to take the Doge token to a $1 valuation, 1Doge will integrate a host of cutting edge features. Amongst them are the Static Reflection and Continuous Liquidity Addition features. With such, 1Doge hopes to redistribute 2% of each sell transaction to holders and 2% of all transactions (buy, sell, transfer) will be added to liquidity on Pancakeswap. With a goal of becoming a lead Doge token, wouldn’t it be better having multiple liquidity sources asides from taxes on all transactions, and with your Static Reflection formula, what is the minimum amount of 1Doge tokens to be held in order to benefit?

Togo: In addition to the initial liquidity that will be locked at launch, the 2% on buy and 2% on sell goes to liquidity to keep liquidity pool healthy. While we introduce cool features to keep the price healthy. To benefit from the static Reflection all you need is to hold 1Doge tokens. In your wallet. Redistributed tokens are done based on your proportion of 1Doge tokens.

Gold Rocket | Satoshi Club: Please tell me which feature are you most proud of?

Togo: That’s a tough one. If I was to pick maybe, I’ll go with Play to earn feature.

Q5 from Telegram User @Billz120

You did say that you people are building the next generation game for Android and iOS called 1Doge land, where anyone can earn tokens through skilled gameplay and contributions to the ecosystem, how do make such contributions? Could you please tell us who are anxious and eager to have the Android and iOS 1Doge land on board when it would be available?

Togo: Great question. The static demo will be ready in 2 days. The mvp for desktop and android would be ready by month end. iOS version 5 weeks estimated.

Q6 from Telegram User @Asela1112

$1DOGE tokenomics has an allocation of presale- 63.2%, Token burn- 9.8%, Marketing- 10%, Community Dev- 7%, Charity- 5% & Community services- 5% respectively with a 1,000,000,000 $1DOGE of total supply. Why did you integrate different allocations for Marketing- 10%, Community Dev- 10% & Community services- 5% even these are same with purpose on growth of community? On which concept will you involve in this $1DOGE allocation? And also $1DOGE consisted with ideal features such as hyper deflation, auto & weekly burning mechanism to boost the price of $1DOGE token, Static Reflection to redistribute the holders, continuous liquidity addition in pancakeswap, anti-dump lock & 6% sell fee to prevent from high dumping of $1DOGE value due to the whale activities with 4% buy Tax & 10% sell Tax. Can you point out important facts about these unique features descriptively to understand well? Sometimes burning mechanism is not good at all since it will leads reduce the total number of tokens outstanding in circulation, as the supply of tokens in circulation seems to fluctuate considerably. Do you consider this matter in $1DOGE token auto burning process?

Togo: Good question. We wanted to be very specific with the token distribution and allocation so it’s transparent to our community. While the features highlighted, for example:  The antidumping feature is to keep the price healthy and not cause FUD especially in the initial stages of launch.

The auto burn mechanism is also to increase scarcity and drive higher demand for 1Doge token.

---

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram user @Jennylawn

Do you have AUDIT credentials or are you working to AUDIT your project,” to make it more secure and reliable?

Togo: Yes, we have completed Audit with Solidity Finance.  We’ll publish in the community channel.

Q2 from Telegram user @tomo_fan

There are many Project which doesn’t have any usecase in the real life world, they tend to fall in coming times, what use case does 1Doge has in the real world?

Togo: Our most anticipated use case is the NFT Gaming. We want users and gamers all over the world to experience NFT gaming on a blockchain.

Q3 from Telegram user @muskelon1

can I buy your tokens right now and also which wallet support your token?

Togo: Presale is 12th August.  More details would be announced in the community.

Q4 from Telegram user @Eliasbb

So many doge themed meme token coming in the market. Could you tell us what makes you better than them? What is your best features?

Togo: We pride ourselves as a well thought out Doge themed token: With interesting features like: Antidump mechanism. Play to Earn. Static Reflection mechanism.

And many more : kindly join our community and visit our website https://1doge.io  To be abreast of our new features.

Q5 from Telegram user @highpee

Your PRESALE will take place on Aug 12th and you have place a cap range of 0.2BNB and 2BNB per individual. Are you only going to allow users to buy with $BNB? With the market looking like the bull is back on track, don’t you think it’s necessary to allow other tokens such as $BUSD or $USDT to prevent any form of unfavorable volatility for you and buyers?

Togo: Since it’s a BSC token with launch on PancakeSwap, BNB would be the ecosystem token can be used, busd can be used as well.

Q6 from Telegram user @Miner_001

Hello sir, are there any social medias or online medias for your project from where the users can learn and understand more about your project?

Togo: medium : https://onedogefinance.medium.com/

Telegram Group: https://t.me/OneDogeGroup

Telegram Ann: https://t.me/OneDogeAnn

Twitter: https://twitter.com/1dogeBSC

Facebook: https://web.facebook.com/1dogebsc

Instagram: https://www.instagram.com/1dogebsc/

Q7 from Telegram user @quanap1997

I am a developer and if I found some bugs in1Doge core contracts, how will I able to give report? will you compensate any? Even after several audits, why do you think there will be some bugs?

Togo: Hi, you could send us a mail directly to admin@1doge.io with a report of your findings, we’ll compensate accordingly.

Q8 from Telegram user @DebajitNiloy

What are the MARKETING plans for your project? Does Anything special cooking?

Togo: We have some out of the box marketing plans, we just started with key influencers, banner ads on coinsniper, coinmarket cap, coingecko and other top crypto sites.

This is just the start we’ll update the community on future marketing campaigns.

Q9 from Telegram user @Miner_001

Hello sir, what was your motivation to create the project?

Togo: The initial idea came from being a fan of doge coin, we decided to improve on the features of doge coin as well as utility and eventually take the doge clan past the $1 mark with huge advertising plans.

Q10 from Telegram user @Robotliker1

Do you have a community for non-English speakers and are you a global project or not? Any Ambassador program plans available for different countries?  

Togo: So we just started with foreign communities and we are currently recruiting moderators for them you can find more details on the channel.

Here are links to some of them.

https://t.me/OneDogeGroup

https://t.me/OneDogeChinese

https://t.me/OneDogeIndonesian

https://t.me/OneDogeFilipino

---

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about 1DOGE. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

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

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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 Rocket Launchpad and our guests were @ccfromspace and @Vaught – representatives of Rocket Launchpad . The AMA took place on 6th 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 Rocket Launchpad! Welcome to Satoshi Club😀

D. | Satoshi Club:
Today our guests – @ccfromspace and @Vaught !

Welcome to Satoshi club guys!

D. | Satoshi Club:
🚀🚀🚀🚀

Vaught:
Hey everyone! We are excited to be here!

Mary | Satoshi Club:
Happy to e-meet you 👍

How’s going?

Vaught:
We are doing well! Hard at work making sure we offer everyone the best product we can!

D. | Satoshi Club:
That’s awesome! are you ready to star our AMA? 😇

Mary | Satoshi Club:
Sure👍

Vaught: could you please introduce yourself and tell us more about Rocket Launchpad?🚀

Vaught:
We are ready and excited to get this going!

Sure. So my name is Josh Vaught and I am one of the co-founders of Rocket Launchpad. Kirk (onebalddude), Colin (ccfromspace) and I have been a part of Tezos for about 4 years now, since the ICO. We loved what Tezos had to offer, so we stuck around. Recently Defi on Tezos exploded, and we saw our chance to really engage and help grow the ecosystem. There were tons of builders looking to get their projects going, and we saw a great opportunity in creating a platform to give projects the boost they need.

This is where Rocket Launchpad comes in!

Mary | Satoshi Club:
How many team members do you have?😀

Vaught:
Currently we have 5 members. We actually have all of our team members listed on our site at https://rocketlaunchpad.io/. We have always been about transparency, and we felt that letting people see a face to a product was a big step in that

Mary | Satoshi Club:
Nice start👍🚀

How long were you developing your launchpad?

Vaught:
We started conceptualizing Rocket about 6 months ago. Tezos was just hitting its stride with DeFi around that time and we sort of started looking into it at that point. To test the waters, we worked a whimsical project called $FARM, a simple farming platform that featured monthly airdrops and the ability to experience farming on Tezos. We instantly fell in love with the simplicity and usability , combined with the very very low gas fees (mere cents). We met several other projects building at the time. In a month there were over fifty projects building and this is when we knew it was time to transition back to Rocket and start really building it out

Mary | Satoshi Club:
👍

D. | Satoshi Club:
Nice! so could you call yourself the first ‘launchpad project’ on Tezos? or Tezos already has similar projects?

Vaught:
We will be the first fully operational launchpad on Tezos

Mary | Satoshi Club:
Great! So blue sea of opportunities ahead 😀

Thank you for your intro! Are you ready to go to the questions from our community?😀

Vaught:
Absolutely. That is one of the exciting parts of this whole thing!

Yes! We are ready to go

D. | Satoshi Club:
Let’s go then! 🚀

Q1 from Telegram User @meml97
It came to my attention the fact that Rocket Launchpad was built on top of the Tezos blockchain, can you tell us more about it? Why did you decided to built your project on this blockchain that is not so popular? What kind of advantages does it provide to you as a project but most importantly what kind of advantages does Tezos allows you to provide to new projects as a Launchpad? With the fact that Tezos is not so popular in mind, will you integrate cross-chain interoperability to your platform to be able to get to more new promising projects and investors?

Vaught:
We have been Tezos holders since the ICO. Since the beginning we have loved what Tezos aspired to become. There were a couple rough beginnings, but Tezos made it through and here we are today! Tezos has become one of the fastest and cheapest blockchains in the business, but what makes it so special is how Tezos is run. Proof of Stake ensures that there is a next to non-existent carbon footprint to use it. Upgrades are proposed and voted on by bakers, which are those who drive the POS system. Upgrades happen with no forks or seamless, having next to no negative effect on the blockchain. Actually today Granada was just implemented, which put our blocktimes in half to 30 seconds! Building on Tezos just makes sense. With gas fees being pennies per transaction, projects don’t have to fear the effect of high cost transactions and more users can use the blockchain without fear of expensive failed transactions.

Also, if you look at contract calls, Tezos transactions have gone parabolic!

Mary | Satoshi Club:
Yes, it seems Tezos becomes more and more popular!

Vaught:
Here is a chart showing contract calls per month from: https://better-call.dev/stats/mainnet/general

As for cross-chain interoperability, it is 100% something we have already started looking into. With so much liquidity on chains like BSC and Ethereum, it only makes sense to ensure an easy onramp to Tezos and the Rocket Launchpad.

D. | Satoshi Club:
But don’t you think that transactions on Tezos might be more expensive in future if more and more people will be using it?

Is it hard to connect projects from other blockchains with Tezos? from the technical side.

Frank:
That definitely can happen, but if you look at recent upgrades happening continuously through Tezos governance process, gas fees have been lowered by more than a factor of 10x and block time has also lowered.

D. | Satoshi Club:
👍 welcome to Satoshi Club btw 😊

Mary | Satoshi Club:
Frank: we are happy to see you here 👍

Frank:
Tezos strength is the ability to upgrade and that has been evident in recent upgrades and even the one that happened today actually!

And thank you! Happy to be here!

Mary | Satoshi Club:
Thank you for your answers, guys! Do you want to add something or we can go to the next question 😊

Frank:
Vaught is typing up an answer to this right now 😁

Vaught:
So there is a cross-chain platform that exists on Tezos as well known as Wrap by Bender Labs. They have built a bridge that wraps wETH, UNI, LINK and several other tokens to be usable on Tezos

D. | Satoshi Club:
Got it! thank you for answer! 😊

Vaught:
Of course!

D. | Satoshi Club:
Ready for the next question?

Vaught:
Shoot it on over

Q2 from Telegram User @Highpee
$RCKT has a maximum supply of $500,000,000 and it is your platform utility token. However, yesterday you announced the launch of another token $rkDAO as your governance token. $rkDAO will have a maximum supply of 100,000 and it will be distributed in the ratio 75% to Community and 25% to team. Why is it necessary to have a governance token which is separate from your platform main token? Also, governance token will not be sold but farmed by $RCKT holders and the farm will only run for 1 year. How will you ensure the team will not also farm from the community allocation after farm is live and What will happen after 1 year if you are unable to completely distribute all the community allocation within this period ? And for late adopters that joined Rocket launchpad after 1 year of launch, does it mean they can’t be part of DAO since the distribution farm would have ended by then? Would this fair?

Vaught:
There are two main reasons to have two separate coins, legal compliance as well as wide spread distribution.

For legal compliance, we have communicated with our consultants and legal team and came to the conclusion that having governance inside of our utility token could lead to it becoming deemed a security token. There is no reason to risk that up front, so instead we found a way to distribute the coins to early supporters through an airdrop and allowing individuals to farm $rkDAO from day one. With that, farming is one of the best ways to distribute a coin widely to those that support the platform and own RCKT.

As for the DAO, we have already begun exploring options. There are two projects building DAOs on Tezos and we hope to begin integrating with one by the end of this year. As for the distribution of the DAO after the year of farming, if you wish to participate in the DAO you could always purchase tokens on any exchange it is listed on. We will have it listed on Quipuswap (Tezos based DEX) https://quipuswap.com/.

D. | Satoshi Club:
👍 and also could you explain the utility of $RCKT on your platform? which functions will it serve?

Mary | Satoshi Club:
What about team? Will you farm?😊

Frank:
Our team will not be farming any token from the platform. Our holdings will be locked and unable to be used for at least 6 months. Even after that 6 months, we have decided as a team to not farm as it would be unfair to our users.

Vaught:
$RCKT has several difference uses!

-Can be staked it to earn 30% APY
-Used to stake to qualify for our IDO Tiers (aka Rover Missions)
-Can be used to farm $rkDAO

We also have another exciting feature that we have yet to announce, but hey, what better time than now! We will be introducing something called an IFO (initial Farm Offering). We will be releasing an article on this shortly on Medium, so make sure you are watching out for that. It is going to add a whole other toolset to Rocket Launchpad

Mary | Satoshi Club:
Happy to hear! Honest strategy 👍

Thank you for your answers! Ready to proceed?😀

Vaught:
Go ahead we are ready

Q3 from Telegram User @Cheriemike
It is stated that the more $RCKT a user stakes, the more chances they will have to gain presale access to a launch pool. All $RCKT tokens staked on the platform will be locked for 10 days. After 10 days, all $RCKT tokens can be unstaked. However, every time you unstake and stake your $RCKT tokens, they are locked for 10 days. My question is,In order to stake on Rocket Launchpad,a user need to hold what minimum of your token?Will there be any third party service,allowing small coin holders to delegate small $RCKT quantities,if yes which third party is Rocket Launchpad using for proper identity verification and why?And what is the price range for annual percentage yield on staking $RCKT?

Vaught:
Yes, the 10 days staking lock is correct for when you stake in a tier. In order to participate in the IDOs, you will have to stake at least 25,000 $RCKT to qualify for the first tier. All additional staking services will happen on our site through our smart contracts!

We do use Synaps KYC service for verifying our users.

The APY for the farm will be 30%.

Frank:
As for the tiers, I think this is a good time to drop our one pager! At the bottom you will see tiers.
You can also find this information on our website https://rocketlaunchpad.io

Mary | Satoshi Club:
So, even if user will hold 25k RCKT he will need to pass KYC verification?

Frank:
to participate in an IDO, yes!

We have had many many chats with our consultants and legal team to make sure we are compliant and here for the long run.

D. | Satoshi Club:
I like how you named each tier 😁👍

Mary | Satoshi Club:
Gotcha!

Frank:
All @Vaught on the tier names 😂

D. | Satoshi Club:
@Vaught quite original 👏

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

Frank:
We are ready to go!

Q4 from Telegram User @Arisabela
I could see an ad about people who already KYC on your site and who automatically entered a whitelist, is this the only way to enter the whitelist? Do you have a link to access? When are your first presales planned and what advantages will whitelisted users have?

D. | Satoshi Club:
Partially answered 😉

Vaught:
Love that question! We are a fully KYC compliant IDO launchpad. With that, we have partnered with the industry leader Synaps to provide this service. Rest assured they take your personal data seriously and have made the process to KYC extremely simple. If you want to gain access to the RCKT token sale or any IDO token sale, we do require you to KYC.

You can KYC directly from this link: https://rocketlaunchpad.synaps.io/
Or from our launchpad for the RCKT token here: https://app.rocketlaunchpad.io/projects/bd25adc5-8f70-40d0-a96d-a55c3d03fb30

Our first GIF IDO is scheduled for Aug 28th! You can read more about GIF here: https://gif.games/

D. | Satoshi Club:
I think i have heard about Synaps 🤔 definitely we are pretty familiar.

Mary | Satoshi Club:
Good luck with your first IDO🚀

Thank you for your answers! Ready to jump to the next question?😀

Vaught:
Absolutely

Frank:
Thank you! It is an amazing project and we are all excited to see it grow. gif.games

Q5 from Telegram user @NataliyaKil
On your site, I found the opportunity to apply for the launch of my project for me! What does the whole process look like after I submit the completed form? How long does it take to consider an application? What requirements should my project meet, what do you pay attention to in the first place, what conditions should I fulfill and what are your actions in the future?

Vaught:
So happy you are interested in submitting your project through our submission form! We have been meeting with projects daily and the first thing we look at is simply what are you building and can you or your team actually make that a reality. To make that decision, we look at the workload expected followed by the qualifications of the team.

Next, are you building a defi product, a game, or something entirely new? Also, make sure you have good documentation or a whitepaper ready to go when suggesting a project. We need to know you have actually put in effort to make this project and are serious about bringing it to life.

From there, we provide support for the following:

-Tokenomic review and consultation
-Token sale smart contract creation

• Utility token creation
• Token distribution through smart contract
• Marketing to Rocket Launchpad’s user base through Twitter, Reddit, Telegram and Discord promotions
• Adding your token to the Quipuswap exchange
• Providing liquidity to the Quipuswap exchange

Mary | Satoshi Club:
What are the reasons you can reject a project? Do you take any responsibility if a project will fail or scam its users? As you know scam isn’t always ‘rug pull’, it can be soft scam😀

D. | Satoshi Club:
By the way, I’m curious if teams can stay anons if they would like, or KYC from them is compulsory?

Frank:
As list in our documentation page https://docs.rocketlaunchpad.io, we do force projects to add liquidity for their token pair and lock that liquidity in a smart contract for a certain amount of time. Therefore, rug pulls cannot happen for that period of time.

As for scams, we also have project members KYC. If a project decides to do a “soft” scam, we will have all of their personal information and will immediately report them to the authorities. In the future, we want to create an insurance fund and that is planned for Q4.

Frank:
We will not allow anonymous teams. We have made that decision early on. There are too many teams contacting us right now and no need to take that risk

Mary | Satoshi Club:
Perfect 👍

Thank you for your answers! Ready to go to the 6th and last question from this part?

Vaught:
Fire away

Q6 from Telegram user @yellowchamp
On your Roadmap 4th quarter of 2021,you plan to incorporate a Baking service IDO funding pool. So,can you explain to us more about this Baking service IDO funding pool that you are going to launch in Rocket? How will this Baking service works and how it will be implemented in your platform? Why is there a need of IDO funding pool with your Baking service? Literally,what will be the utilization and allocation for the fund that will be getting from the Baking Service IDO funding pool? Thank you

Vaught:
With Tezos, if you run a node that verifies transactions and blocks, you are considered a baker. Individuals can delegate their staking rights to bakers and earn around 5.5% of the XTZ they have staked every baking cycle (3 days) from their XTZ holdings. We recently started a baking node and plan to open up the service to individuals in a couple months. Instead of receiving XTZ every 3 days like normal, we would store that XTZ until we have a certain amount saved up. At that point we would use those funds to participate in an IDO for everyone delegating to our baker. Simply put, you can participate in an IDO simply by delegating to us. We are still finalizing and figuring out how we will allow users to select what project to invest in and how much XTZ should be built before participating in an IDO, but the idea is extremely exciting to us and we can’t wait to see it in action.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Nhairym
Who is in charge of selecting and defining which are the best projects and through which procedures determine it, because it is important for you that Rocket does not handle funds, as will the evaluation process that you will use to later make the necessary improvements and achieve that the user experience is safe, fast, reliable, simple and completely decentralized?

Frank:
Our entire team meets and discusses potential projects. It is a full team decision. We ensure that we do not touch funds and our smart contract handles the entire process. We want the process as trustless as possible!

Q2 from Telegram user @Hermbh28
I am thinking to bring my own project for IDO. So what are requirements do I need to full fill? I mean fee and other structures?

Vaught:
We would love to have talks with you! If you check out https://docs.rocketlaunchpad.io/launching-your-project/submitting-your-project it details everything we are looking for. We charge a 2.5% fee of the total funds raised and that is the only fee we charge! its all about helping projects on Tezos.

Q3 from Telegram user @Akira236
I am really excited for the upcoming Pre-sale,
What tokens can we use for purchasing?
Is there a KYC process?

Colin:
We are going to of course accept Tezos $XTZ, and the stablecoin $kUSD. There is a KYC process. You can check it all out on our website!

https://app.rocketlaunchpad.io/projects/bd25adc5-8f70-40d0-a96d-a55c3d03fb30

Q4 from Telegram user @Ajpaa
How strong is your marketing to grow project?

Frank:
We have recently pushed advertisements in all the major outlets, Cointelegraph, yahoo, MarketWatch, and 100s of others. See here for example https://cointelegraph.com/press-releases/decentralized-ido-platform-rocket-launchpad-launches-into-the-tezos-ecosystem

We plan to keep rolling these press releases out with major news and continue AMAs.

Tezos also has xtz.news and we often push information there.

Q5 from Telegram user @TheKop9
Are you in discussion with projects to be launched on Rocket already or are you not there yet? Could you elaborate?

Vaught:
We actually do have projects lined up and ready to launch. We don’t want to elaborate too in-depth, as we want to make sure those projects get the spotlight when it is their time to shine. With our token sale happening this week, we plan to slowly announce the next projects and not let our presale marketing strategy interfere with our launched projects.

Q6 from Telegram user @K2ice
How does Rocket Launchpad address the issue of users not getting KYCd on time before deadline?

Colin:
If users are having issues with their KYC, we are going through and manually checking their verification to ensure everyone who submitted KYC can participate if eligible!

Q7 from Telegram user @Smartling
How does Rocket provide support for Tokenomic review and consultation?

Frank:
We see dozens of projects and are pretty aware of what can work and what simply will not.
We work with teams to provide feedback and actual revisions of documentation and tokenomics. We are not extremists when it comes to this process, but we do voice our opinion.

We want teams to be successful. If teams are successful then that means Rocket is successful and RCKT token holders will benefit.

Q8 from Telegram user @coinresearcher
Where is $RCKT token listed right now and how can I buy it? Can I buy it with my metamask?

Vaught:
$RCKT is not trading right now. Our presale starts 07 Aug @1000 and runs until 15 Aug. After the final presale ends, we will add liquidity to Quipuswap and the token will begin trading. You will not be able to use Metamask, as that is an ETH-based wallet. The best wallet to use is the Temple wallet located here https://templewallet.com/. It integrates with a ledger and is a great and easy wallet to use.

Q9 from Telegram user @csgonub
There are two coins on Rocket Launchpad $RCKT and $rkDAO which one is better to invest for the long term?

Colin:
$RCKT and $rkDAO have very different utilities! $RCKT is going to be the primary token to participate in IDOs.

$rkDAO is our governance token. It will allow the community to make and vote on changes to the platform. It will also be used in the future to earn a portion of fees generated from the Rocket Launchpad!

Q10 from Telegram user @BJosefina61
Projects intended as security tokens may not be listed on Rocket; Does this mean that you are focused on projects with UTILITY tokens concept?

Frank:
This is exactly correct. We are launchpad-focused utility tokens only! Security tokens are reserved for security platforms and regulated by organizations like the SEC.

We have a token framework we utilize to ensure we only list utility tokens.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Rocket Launchpad. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
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Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Monsters Clan, a digital monsters NFT game based on the lifestyle of Monsters in their own World on Blockchain. The AMA took place on August 7 and our guests was @DobbyMONS, Chief Marketing Manager at Monsters Clan.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

---

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Gold Rocket | Satoshi Club: Hello, dear Satoshi Club! We are pleased to announce AMA with Monsters Clan. Today our guest is @Dobby MONS.

Dobby | Will never DM first: Hi there, thanks for inviting me over! Hope you all are doing great.

Gold Rocket | Satoshi Club: We are very glad to conducting AMA with Monsters Clan! How are you doing?

Dobby | Will never DM first: I’m glad to attend this AMA. I’m great. Let’s start with the AMA everyone has been waiting for.

Gold Rocket | Satoshi Club: Thanks for joining. Let’s start! Introduce yourself please. How did you get to be involved in crypto & Monsters Clan? Tell us please about your position in Monsters Clan?

Dobby | Will never DM first:  I am Dobby Mons, Chief Marketing Manager at Monsters Clan. I joined crypto in late 2017 and became the part of Monsters Clan Core team. I have worked with the team in several projects and now have become the part of Monsters Clan project.

Monsters Clan is a digital monsters NFT game based on the lifestyle of Monsters in their own World on Blockchain. One can own, collect, generate, trade, and play their NFT monsters in Monsters Clan. For more detailed analysis, you can check out the investment deck and whitepaper attached below that will provide you enough transparency about the potentiality of our project.

Gold Rocket | Satoshi Club: What is the essence of Monsters Clan?

now there is a boom in blockchain games. how is yours different from everyone else?

Dobby | Will never DM first: Monsters Clan is a first ever NFT game based on a lifestyle of Monsters allowing players to control their monsters and fight their battles.

Andrés M. | Satoshi Club: How this idea came to your mind?

Dobby | Will never DM first: The Blockchain game we are working is entirely different from other Blockchain games, we have different kind of mechanics and it is the first User-Controlled NFT Blockchain Game. Where user can enjoy live action in the Battle Arena and Also Earn $MONS tokens. It is a Play to Earn game and has a lot to offer.

Our team is working day and night to bring the best for its users.

Gold Rocket | Satoshi Club: How long does it take to develop a project? What plans do you have for the future? We would like to know more about your team. Who is on the project team core?

Dobby | Will never DM first: Ha-ha, as this idea gives many people the opportunity to enjoy the game and also earn at the same time.

Andrés M. | Satoshi Club: Great job, your effort will be rewarded, btw do you have any video trailer to show us part of the monster universe?

Dobby | Will never DM first: Also, unlike other blockchain games, Monsters Clan is user-controlled NFT game allowing users to buy, control and fight their monster characters into challenging fight modes and tournaments. Moreover, Monsters Clan also introducing a concept to Rent NFTs for the first time to make it more feasible and easy for gamers to proceed into the game. PVP mode makes Monsters Clan more interesting for users to play and compete against their friend as well.

Q1 from Telegram User @kimzyemma

Monster laboratory is divided into three, Acid purpose; and Potion Purpose; For which purpose do you allow user to rent a desired laboratory from monster clan? Is this benefit/opportunity meant for some certain people? I want to know for how long we can rent lab? After the duration of renting lab expires, what will the user give in return of renting a laboratory? What are the requirements before interested user can rent a desired lab from Monster clan?

Dobby | Will never DM first: For those who cannot afford to buy a laboratory can take it on rent from the owner who has put his lab on rent in Monsters Clan marketplace. The owner of laboratory will earn $MONS whereas the one who paid rent of laboratory will be able to use this laboratory for creating acids or creating monster babies from rented laboratory. It depends on the owner of laboratory that for how long he wants to offer his laboratory on rent. A detailed guide about laboratory will be shared as well to clear all concerns and queries.

Stay tuned to our Grumpy Paper https://bit.ly/3Ckq9kp.

Andrés M. | Satoshi Club:  Could you share some pics of the game to check the designs?

Dobby | Will never DM first: Pictures and idea will be shared soon. Don’t worry about that.

Gold Rocket | Satoshi Club: @Dobby_MONS What’s your favorite monster.

Dobby | Will never DM first: Hahahahha every monster is my favorite as every monsters represents its own unique abilities.

Gold Rocket | Satoshi Club: Thanks for your answer ready to proceed to the next question.Or want to add something.

Q2 from Telegram User @yellowchamp

Two of the great and cool features of Monster Clan is that we can create monsters and we can also trade monsters. So, could you explain how can we create monsters in your platform? What are the things we need to create monsters? Do you have any tutorial video or guidelines on how to create our own monster? What will be the use of this monster if we can create our own monster? Also, how can we trade the monster? Who will be our target market in trading monster? How will be this monster be utilized and have value in Monster Clan network? Can we also trade the monster outside your platform? Thank you.

Dobby | Will never DM first: You can create your monsters by following the process of making potion and process it in laboratory to create monster baby.

Moreover, you can trade your monsters on Monsters Clan marketplace for now. Kindly go through Grumpy Paper (https://bit.ly/3Ckq9kp) to have more details about creating monster baby. Moreover, a detailed guide about monster’s creation will be shared soon.

Andrés M. | Satoshi Club: There will be different categories of monsters? I mean some of them will be rare and more difficult to find?

Dobby | Will never DM first: Yes, surely there will be different categories of monsters that depends on how you make it up to every level.

Yes, rare and very worthy to have your hands on.

Andrés M. | Satoshi Club: Perfect, what methods of payment do you accept different to $MONS tokens?

Dobby | Will never DM first: Just $MONS for now, we may introduce more in the near future. We’ll have gems and coins as in-game currency which can be used to do different things within the game.

Gold Rocket | Satoshi Club: @Dobby_MONS how can I become a landowner in the game?

I saw there are islands in the game, it interested me very much.

Dobby | Will never DM first: You have to purchase the land through auction using $MONS tokens and become an owner of it. You may also rent it out to other users.

Q3 from Telegram User @konditer_rolex

Immediately I want to clarify how accessible the game will be for users. What is the minimum amount needed to enter the game? And will it be a browser game, or will there be a client for PC and applications for mobile? Will I be able to fight monsters in a subway car on the way to work, or is this a housewife game?

Dobby | Will never DM first: There are no such hard requirements to enter in the game but you will have to own Monsters to start your journey in Monsters Clan. Monsters Clan will be available on Google Play, App Store, Windows/macOS.

Andrés M. | Satoshi Club: Everyone can join, Btw, is needed any kind of KYC to use the platform?

Dobby | Will never DM first: yes, but you need to own monsters to start.

Andrés M. | Satoshi Club: Now please tell us, how to buy Mons tokens?

Dobby | Will never DM first: We’ll have Private, Public sale of tokens.  You may purchase tokens in the private sale, pre-sale or IDO. You may check the whitepaper for further details.

https://bit.ly/3Ckq9kp  Sale schedule and buying guide for $MONS will be shared on Monsters Clan social channels. Stay tuned.

Q4 from Telegram User @KASG95

I understand that they have 7 different types of Monsters, but are they really the only types of monsters that we can play in Monsters Clan? or really each user can modify the physical characteristics of those monsters? And also, can they also create their monsters totally different from the 7?

Dobby | Will never DM first: There are three main types of Monsters:

Potioner, Fighter, and Master.

The monsters will be classified to these three above. you may read Grumpy Paper (Whitepaper)

Andrés M. | Satoshi Club: There is a Lore behind the monsters? Each monster has their own history?

Dobby | Will never DM first: Yes, every monster does its specific job, will be revealing soon with a video.

Q5 from Telegram User @Asela1112

You have strategic partnership & investors with IR21 CAPITAL, BINANACE SMART CHAIN, RD AUDITORS & Prostarter. These are huge partnerships. How is the contribution from them to Monster Clan platform & from Monster Clan to these mentioned above partnerships? Can you tell me which kind of partnerships; you will be alliance in future?

Dobby | Will never DM first: Yes, all of these are strategic partners and backers of Monsters Clan. Further partnerships will be announced soon and published on the website.

Andrés M. | Satoshi Club: Do you have more current partnerships?

Gold Rocket | Satoshi Club: Are you planning to trade your NFT on Binance Marketplace?

Dobby | Will never DM first: Yes, we are publishing soon on the website and the twitter.

Andrés M. | Satoshi Club: Let’s talk about security, have you done audits or hackathons to assure that everything is SAFU?

Dobby | Will never DM first: Binance and OpeanSea are on our list, we may enable that in future.

all NFTs will be available on Monsters Clan NFT marketplace. Further details regarding NFT marketplace will be shared soon.

Yes, our code has been audited by RD Auditors. You may check the report form our website.

https://www.rdauditors.com/wp-content/uploads/2021/08/Monsters-Clan-Smart-Contract-Security-Audit-Report.pdf

Q6 from Telegram User @charliepotz

$MONS is a digital native currency of Monsters Clan that will be used for in-game purchases and different activities. $MONS is a BEP20 token built on the Binance Smart Chain Network. So can you tell us where we can buy $MONS? Do have presale, public sale or IDO? If so, can you tell us the schedule?

Dobby | Will never DM first: Yes, there will be seed round, pre-sale and IDO Sale of $MONS as well. Stay tuned on all Monsters Clan social channels and wait for an official announcement regarding sale schedule.

Andrés M. | Satoshi Club: Thanks for the answer, please tell us about the tokenomics of the token, max supply and market cap.

Dobby | Will never DM first:  Kindly read the grumpy paper (whitepaper) of Monsters Clan to find out all details about $MONS tokenomics.

https://bit.ly/3Ckq9kp

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram user @King Raja

What are the tools available for creating Monsters? How easy is Monster trading on Monster Clan Platform?

Dobby | Will never DM first: You will need to have potion cauldron and follow other requirements to create monster baby. You will be able to easily buy or sell monsters on Monsters Clan NFT marketplace. For more information about creating monsters, read whitepaper.

https://bit.ly/3Ckq9kp

Q2 from Telegram user @thurramm

What is your roadmap for 2021? What are notable milestones we should look forward in 2021?

Dobby | Will never DM first: We’ll be releasing the MarketPlace in September and Alpha Version of the Game. Then the beta version of the game will be released in December.

Q3 from Telegram user @Smartling

Will trading of Monsters on Monster Clan cost me a fee or will I be able to trade monsters for free?

Dobby | Will never DM first: The Buyer will be paying the fee of the monster trade.

Q4 from Telegram user @Rakshitx5

People enjoy playing blockchain games because it helps them to earn money. So can monsterclan earn them more profits than other available games in the market?

Dobby | Will never DM first: Monsters Clan is a Play to Earn Blockchain game. Users will have a chance to participate in tournaments and different games to earn XP points, coins, gems and last but not least $MONS tokens.

Q5 from Telegram user @Ratash97

Are the $MONS tokens the only way to purchase monsters in the monster’s marketplace?

Dobby | Will never DM first: Yes. For now, You’ll need $MONS to buy the monsters. We might introduce more ways to buy monsters in Monsters Clan marketplace.

Q6 from Telegram user @K2ice

What is the correlation between laboratories and monsters?

Dobby | Will never DM first: One will have to access laboratory in order to create monster baby OR to create special acids to feed/upgrade monsters.

Q7 from Telegram user @Guandog

Can Monsters Clan NFTs be traded on secondary markets or external NFT marketplaces like Binance NFT Marketplace?

Dobby | Will never DM first: Details about Monsters Clan NFTs on secondary NFT marketplace will be announced in the future.

Q8 from Telegram user @Deberem

How do you create awareness to other regions? Are there group of different region we can join?

Dobby | Will never DM first: No, we don’t have any group but we will do Allot of AMAs having in different regions and for different languages, so everyone reaches us fairly.  

For updates Follow our channels

Facebook   https://bit.ly/3l4RDVb  

Discord  https://discord.gg/RTP8wdxG2j 

Medium  https://medium.com/@monstersclan   

Twitter  https://twitter.com/_Monstersclan  

LinkedIn  https://www.linkedin.com/company/monstersclan  

Telegram Chat   https://t.me/MONSofficial  

Telegram Announcement   https://t.me/MONS_Ann

Q9 from Telegram user @bigboicity12

So many projects just like to speak about the “long term vision and mission” but What are your short terms objectives? What are you focusing right now?

Dobby | Will never DM first: Good Question. We are creating an environment for Blockchain gamers which is ever lasting. For Now, we are focusing on the Game development in best way possible. Making a great audience and provide them with the best experience ever. We are working hard to provide the product to users as soon as we can.

Q10 from Telegram user @Zohaya

Do you have any video tutorials on how to play the Monster Clan game? What do we need to be able to play the game?

Dobby | Will never DM first: We will soon be publishing a video of the history of monsterclan and also a video to tell you every insight that will be happening. A very vast team is working behind this idea.

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PART 3, QUIZ AND INFO

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

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

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

Our Partners:

• Facebook: https://bit.ly/3l4RDVb  
• Discord: https://discord.gg/RTP8wdxG2j  
• Medium: https://medium.com/@monstersclan  
• Twitter: https://twitter.com/_Monstersclan  
• LinkedIn: https://www.linkedin.com/company/monstersclan
• Telegram Chat: https://t.me/MONSofficial   
• Telegram Announcement: https://t.me/MONS_Ann

We are pleased to announce our next AMA on August 9th 2021 at 05:00 PM UTC Time: Satoshi Club x Swaperry

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

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

We will have the following structure:

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

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

Part 3: 300$ – A quiz about Swaperry

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