Satoshi Club

We are pleased to announce our next AMA on August 6th 2021 at 01:00 PM UTC Time: Satoshi Club x Rocket Launchpad

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

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

Part 3: 300$ – A quiz about Rocket Launchpad

For more details:
Rocket Launchpad Website – rocketlaunchpad.io
Rocket Launchpad Telegram – @rocketlaunchpd
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on August 3rd 2021 at 05:00 PM UTC Time: Satoshi Club x BNBBACK

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

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

Part 3: 300$ – A quiz about BNBBACK

For more details:
BNBBACK Website – bnback.online
BNBBACK Telegram – @BNBackToken
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Flurry and our guests were @Mike_Ting, and @lawrencewong – representatives of Flurry. The AMA took place on 2nd 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 Flurry! Welcome to Satoshi Club😀

D. | Satoshi Club:
Today our guests – @Mike_Ting and @lawrencewong !

Hey guys, glad to have you here !

Mike (Will never PM first):
Hello Everyone!

Thanks for having us

Mary | Satoshi Club:
Welcome here 👍

Lawrence (Won’t DM First):
Hi everyone! Thanks for having us!

Mary | Satoshi Club:
Nice stickers 👍

Haha, excited to be here. happy to share more about Flurry.

Mary | Satoshi Club:
We are happy to see you here today guys! And… Let’s go and start our AMA 🚀🚀🚀

Mike (Will never PM first):
Sure. Looking forward to it.

Mary | Satoshi Club:
Could you please introduce yourself and tell us more about Flurry?😀

Mike (Will never PM first):
Sure. Let me start first.

My name is Mike Ting. I am CEO of the project. I came from the traditional banking world. Spent most of my career in trading stock and derivatives in the Hong Kong, Korea and Singapore market. Worked at banks such as JP Morgran and Societe Generale

Mary | Satoshi Club:
Wow, familiar names😃 how did you get involved in crypto?

Mike (Will never PM first):
Around 3 years ago, I entered the crypto space around 3 years ago because i was impressed with blockchain technology. and in summer 2020, DeFi was really hot and I started to feel Defi started to bring a lot of application scenario to Blockchain

Mary | Satoshi Club:
Oh, i see😀

Mike (Will never PM first):
I believe there is a lot of opportunities that we can recreate traditional financial products in a decentralized way using blockchain. that is why started to look into DeFi.

and it was when we start Flurry.

Mary | Satoshi Club:
Awesome background!

Lawrence (Won’t DM First):
Hi guys, my name is Lawrence Wong and I am the co-founder and CTO of Flurry. I have a mixture of tech and trading experience in developing trading systems, pricing and trading fixed income and equity derivatives from various positions held in trading finance institutions such as Barclays Capital, KBC Financial Products and Daiwa Capital Markets.

I also founded my own trading company, doing low latency trading in equity derivatives.

I was first exposed to crypto and blockchain in 2017. Didn’t take part in the 2017 BTC rally but I saw the potential in blockchain and I knew it was going to be a game-changer.

In 2018, I started exploring the crypto and blockchain space in 2019 and I joined FinFabrik, a startup based in Hong Kong to develop a digital assets platform on Corda, a private blockchain. I wanted to understand first-hand the challenges to digitise off-chain assets and also explore whether a public chain or a private chain is more suited for tokenising real-life assets. This is going to be a big deal as the trend is already showing more assets will be digitized and exchanged online.

The explosion of DeFi is really encouraging and opening a lot of opportunities. The success of DeFi shows that gradually, each function in traditional finance is being reinvented in the crypto space.

With our tech and trading background, we are in a good position to do something innovative and help contribute to the growth of DeFi and overall in this emerging crypto industry!

Mike (Will never PM first):
Flurry is about enhancing the usability of DeFi and making the yield generation process as simple and convenient as possible so that everyone can participate!

Mary | Satoshi Club:
Definitely yes👍

Mike (Will never PM first):
That is a brief description of Flurry and the team. Thanks.

Mary | Satoshi Club:
How big is your team?😀

Mike (Will never PM first):
We are a team of over 10 people and we are expanding.

Mary | Satoshi Club:
Nice number!👍

Thank you for your detailed intro, guys!

And we choose 6 questions for the first part of our AMA 😀 are you ready to start with them?

Q1 from Telegram User @h1drX
The competition that exists today in the yield farming ecosystem is very broad. There are many projects like yours that offer investors to generate magnificent returns, such as Matic, PolyDex, VerperApp, etc, and all the platforms claim that they are the best. Can you explain to us what features the Flurry platform has to make a difference? Why is Flurry the best of the yield farming platforms in terms of long-term sustainability, profitability, safety and operability?

Mike (Will never PM first):
Sure. There are two main features that differentiate us from others. First, it is our unique way of distributing interest. In other yield aggregators, interest is usually paid through the deposit token value

since the deposit token value changes with the accrued interest, the deposit token is thus not usable and users have to redeem, which incurs cost and the experience is not good. however in Flurry, we are paying interest through a rebasing mechanism. we pay users through increasing the supply of deposit tokens (we call them rhoTokens in Flurry). in this way, we keep rhoTokens pegged 1:1 to the underlying stablecoin and our rhoTokens thus are stable and can act as a medium of exchange.

In other words, users can spend the deposit token directly while earning interest. As a result, there is no more lock up!

Lawrence (Won’t DM First):
The other unique feature of flurry is that we are a cross chain solution. Flurry is the first protocol that offers yield farming cross chain. For example, holders of our stablecoin rhoUSDT, can hold his coin on Ethereum, while earning DeFi interest from Binance Smart Chain, MATIC or SOLANA

Flurry takes care of managing user deposited stablecoins as one global pool of funds across different chains.

Mary | Satoshi Club:
Interesting system! Are you first who is implementing such kind of system or it was already used by another project?

Mike (Will never PM first):
Yes, we are the first to wrap around single stablecoin.

D. | Satoshi Club:
I think o3swap offering something like this already, did you heard about this project?

Mike (Will never PM first):
Yes. but they are cross chain swap.

we actually are talking to them to work together and transfer funds cross-chain using their cross-chain swap function.

announcement will be made soon. please follow us on Telegram to stay tuned

D. | Satoshi Club:
It would be nice collaboration 😊

Lawrence (Won’t DM First):
Yes, they are cross-chain token swapping, whereas Flurry is a yield aggregator and gives you the best return in terms of best lending return.

Mary | Satoshi Club:
Nice news, guys!😀 It’s really something new in yield farming

Hope we will be able to try all your features very soon! @Cool_as_Ice a big lover of farming🤣

Ready for the next question?🚀

Lawrence (Won’t DM First):
Sure

Q2 from Telegram User @kimzyemma
It was stated in flurry litepaper that FLURRY Token (FLURRY) is the governance token of the FLURRY Protocol and FLURRY will begin with centralized control of the protocol. For how long will flurry be controlled in a centralize form? What problem will this act solve in the crypto market? How do you want to prove transparency during centralized control, What will happen to the holders during the migration to a complete community and stakeholder control (decentralized control)? During which control do we have the right to Vote on adding/ removing yield farming strategies?

Mike (Will never PM first):
I think our plan is to migrate to DAO in 18 months. After that, flurry tokens owners will vote on the addition/removal of yield products and also the management fee level and exit fee.

Lawrence (Won’t DM First):
Flurry is a decentralized open source protocol. Anyone can see how our smart contracts are implemented on-chain, so our logic and completely transparent.

We are building the DAO logic, which will eventually allows FLURRY holders to vote on important parameters of the Flurry protocols such as Fees, which DeFi protocol to integrate next, and how the logic can be improved.

Mary | Satoshi Club:
Which rights you will leave for yourself?😀 I mean after that 18 months period?😀

Lawrence (Won’t DM First):
But first, we need to implement all the functionalities first! And we will be doing that in an incremental fashion.

Mike (Will never PM first):
There will be no rights left for ourselves after we migrate to DAO.

totally decentralized from that point onwards.

Mary | Satoshi Club:
Real DAO😀

Lawrence (Won’t DM First):
Our smart contracts are upgradeable. During this period, the team has the ability to upgrade the smart contracts to roll over more functionalities and features

We currently integrate to 5 DeFi protocols, some on Ethereum and some on BSC.

But we aim to support a big list of protocols (in order to give our users the best return!).

Mary | Satoshi Club:
What will happen next? Contracts will not be upgradeable? Or you mean all upgrades will happen only after DAO decision?

Lawrence (Won’t DM First):
Also we still building out the cross chain capability, so at this current stage we need the admin control to upgrade our contracts.

Yes once all the functionalities are stabilized we shall be renouncing our control. I imagine that would be within the next 18 months.

Mary | Satoshi Club:
Gotcha!😀

Do you want to add something or we can go to the next question?😀

Mike (Will never PM first):
We are done. thanks.

D. | Satoshi Club:
Appreciate for the great answers! let’s go to the next question!

Q3 from Telegram User @orlemys
You’ve announced in your roadmap, that you would be launching ‘Integration with more yield strategies’ in Q4 of this year. So would you explain what are the current yield strategies in your platform, and what are some of the ones you plan to include later? When will users be able to use Flurry yield farm at its full potential? When would be the right time to invest? And do you reward, or did you reward, early investors in your platform?

Mike (Will never PM first):
In the beginning, we will have Aave, Compound on the Ethereum chain and Cream on the Binance Smart Chain. We are also looking to implement Aave on the Matic network and be the first cross chain yield aggregator between Matic and Ethereum.

We have plans to add Venus on BSC as our next product to add.

On the yield farming side, to encourage users to adopt rhoTokens, Flurry will distribute extra rewards in Flurry tokens for rhoTokens owners. rhoTokens owners can then stake the Flurry tokens to earn extra Flurry tokens (we call it “SnowBall”).

Mary | Satoshi Club:
How this yield farming will happen, can you explain in details?😀 did you already prepared some guidance for your users?

Mike (Will never PM first):
We also have uniswap LP staking reward for users who provide liquidity on uniswap.

Sure. For the rhoToken staking rewards, user basically has to do nothing.

As long as they hold rhoToken, they will earn the flurry token in reward.

Mary | Satoshi Club:
Simply hold, right?

Mike (Will never PM first):
Yes.

Lawrence (Won’t DM First):
What mike mentioned is the first kind of staking. Yes simply hold rhoToken and you will be reward FLURRY tokens

Mary | Satoshi Club:
Ohhh, i like it!

Lawrence (Won’t DM First):
The 2nd kind of staking is FLURRY token staking. In order to encourage users HODLing FLURRY, if you stake your FLURRY tokens to our smart contracts, we will reward you with more FLURRY!

A fixed amount of FLURRY is given out per block, and FLURRY stakers will be rewarded according to the portion of their stake to the total staked amount.

Mary | Satoshi Club:
Rewards everywhere 🙂

Lawrence (Won’t DM First):
The 3rd kind of Staking rewards is LP Token staking.

D. | Satoshi Club:
People who will join your project earlier will get more chances for more rewards in Flurry token?

Lawrence (Won’t DM First):
We encourage users to engage our ecosystem, if you supply liquidity to an AMM pool like uniswap, on a trading pair that involves either the FLURRY token or one of our rhoTokens.

e.g. FLURRY/USDT, FLURRY/USDC, rhoUSDT/USDT, ….etc

Mary | Satoshi Club:
Nice! I see you prepared a lot of incentives for your users👍

Lawrence (Won’t DM First):
As long as any of our tokens are involved. If you take that LP Token and stake it in our smart contracts, we will reward your participation, again with more FLURRY!

as for the question on when we will reach our full potential…. currently we are only integrated to a few protocols.

but we will be adding more protocols, not just on ethereum but on other chains. We anticipate more DeFi pools will pop up on newer and faster chains

D. | Satoshi Club:
By the way, do you take any fees from users for aggregation of all those protocol on Ethereum and BSC?

Lawrence (Won’t DM First):
Then we will be able to achieve our full potential, as we always give the users the best return across the whole DeFi market!

Mike (Will never PM first):
We take fees. but we pool assets together and do it in one transaction.

that result in average lower fees for our users.

Mary | Satoshi Club:
Which fee do you charge? Can you tell us?

D. | Satoshi Club:
That’s nice👍

Mike (Will never PM first):
We are initially charging 10% on the yield Flurry generate for our users

Mary | Satoshi Club:
Got it👍

Thank you, guys! Very detailed explanation! Ready to jump to the next question?🙂

Mike (Will never PM first):
Yes.

Q4 from Telegram User @Highpee
Flurry is currently undergoing audit scrutiny by Certik but you decided to release your testnet. I discovered that you launch test on both Ropsten and Kovan. Ropsten uses Proof-of-Work (Ethash) mechanism which better reproduces the current Ethereum production environment, however, Kovan is based of Proof-of-Authority and doesn’t fully represent the full production environment of Ethereum. Hence, I wish to ask, why are you launching dual MVP tests simultaneously? How is the flow of work different on both testnet network? Which of them will provide a closer clue as to how Flurry will behave when you release it on MainNet? How do we get testnet tokens and what product features will be available for user to test? Lastly, will there be benefits for early testers?

Lawrence (Won’t DM First):
The difference in consensus mechanism is not the reason we have duo MVP testing on 2 testnets.

The main reason for multiple testnets is due to the fact that we are integrating with different DeFi protocols.

On testnet each of this protocol deploys their own stablecoin, e.g. USDT. The USDT used by Compound on Ropsten is NOT the same coin as the USDT used by Aave on Ropsten. Hence we are not able to fully replicate the scenario where one underlying stablecoin is supported by both protocols.

Because of this, on Ropsten we only use our strategies with Compound, and on Kovan we only use Aave V1 and Aave V2 strategies for testing. This is a side effect of how the testnet for other protocols are set up.

The result of this is that users would not be able to test how the algorithm switch funds between 2 defi protocols. To do that we have created our own testnet – the flurry testnet, which is initialized by forking from the mainnet. That deployment would be the closest simulation to production and we will be opening this testnet to designated testers.

Still, on public testnets, (i.e. Kovan and Ropsten), user can easily get some test stablecoins (USDT, USDC) and try mint rhoTokens (rhoUSDT, rhoUSDC). They can play around with our interface to see how the money is managed by the Vault smart contract. They can also see our rhoToken balance grow automatically everytime the rhoToken is rebased (currently set to every 5 mins for testing purposes on Kovan).

In regards to benefits / rewards for earlier testers, yes we will be announcing a reward programme on one of the testnets. Please stay tuned for announcements on our official channels!

Mary | Satoshi Club:
So, everyone can test your platform now🙂 can you give us a link to it? And also, can you tell us where we can get test coins to try it?

Lawrence (Won’t DM First):
Sure our testnet is on https://testapp.flurry.finance/

On there we also provide a link for users to easily get test stablecoins. We have also written a walkthrough article on Medium, explaining step by step instructions on how to test the flurry protocol!

https://medium.com/flurry-finance/flurry-testnet-launch-walkthrough-454d7bc40eb

Mary | Satoshi Club:
That’s a great incentive to try🤣 right, Satoshiclubbers?

Thank you for sharing!

Now we are ready to test! Btw, how long do you plan to stay in testing stage?

Mike (Will never PM first):
We are having our smart contract audited now. Mainnet launch should be ready after the audit is completed. Should be around end of Aug

D. | Satoshi Club:
In curious if some of the protocols which you aggregate got hacked, and hacker stole some USDT from one of those protocols since USDT is underlaying asset for rhoUSDT, will this hack affect value of rhoUSDT? and this asset will be not tradable?

Mary | Satoshi Club:
So, not so long to wait👏

Mike (Will never PM first):
unfortunately, this will affect us, just like any other products that use that particular protocol. However, this is the only risk that Flurry is exposed, whereas other yield aggregators are exposed to more than this risk, like their peg maybe broken as in other algorithmic stablecoin, the peg is not 100% backed by the underlying stablecoin, like Flurry. So in this sense, Flurry is exposed to less risk than other yield aggregators

D. | Satoshi Club:
Got it! big thank you for the answer! 👍

Mary | Satoshi Club:
Honest answer! Hope nothing like this will happen

Thank you, guys! Ready to proceed?🙂

Mike (Will never PM first):
👌

Q5 from Telegram user @Visher_keen
Your projects focused mainly on yield farming when you deposit stablecoins to mint rhoTokens backed by the stablecoin.Yield farming is not restricted to stablecoins only. I want to know if your project is involved only in stablecoins or later there will be supports for other tokens like BNB.? Checking through the test app, i saw a farm pool for Flurry-USDC. For pairs like this, it is possible for impermanence loss to set in, is there any risk management effort from flurry?

Lawrence (Won’t DM First):
Yes. First of all, we use stable coins because we want the value of the rhoToken to only increase, and NOT decrease.

This enables use cases such as using rhoToken on a limit order in a centralized exchange.

imagine if have a limit order on Binance to buy BTC at a certain price. The exchange has to put aside certain rhoTokens to guarantee the settlement of the limit order, should it get filled.

this would not be possible if the thoToken’s value can decrease.

on engaging in only stablecoins, we are able to guarantee that rhoToken value is always AT LEAST worth 1 or more than 1 underlying stablecoin.

Mike (Will never PM first):
Flurry is rewarding users who provide liquidity but not the one to provide liquidity in an AMM pool. So rhoToken owners will not be exposed to the impermanent loss.

Mary | Satoshi Club:
Which volatility do you expect for thoToken ? Will it be more like stablecoin with minimum volatility?

D. | Satoshi Club:
Very good to hear this 👍 for many IL is an issue.

Mike (Will never PM first):
Yes, rhoTokens are stablecoin pegged 1:1 to the underlying stable. so there will be minimum volatility with respect to the underlying stablecoin.

Mary | Satoshi Club:
It’s a pleasure to have such asset in portfolio 🙂

Ready for the 6th and last question from this part?😃

Mike (Will never PM first):
Sure.

Q6 from Telegram user @ambbobb
You publicly announced that you don’t offer first come first serve in your upcoming public sale, while you are still awaiting security audit from CertiK, How do you plan to handle spammers during public sale? How do you want to orientate new crypto investors about your public sale? You only have plan for public sale, what have you noticed about private sale for not having plan ahead for it?

Mike (Will never PM first):
I am quite sure about what the question is asking. But to avoid spammers, we make regular announcment on our Twitter and TG channel when we found any scam.

We have both private and public round. btw, we have not made any announcement about first come first serve. so be aware of that.

we will make announcement regarding public sale soon. Please follow us on Twitter (https://twitter.com/FlurryFi) and join our announcement channel (https://t.me/FlurryFinance_News) on Telegram to stay tuned.

Mary | Satoshi Club:
Ok, guys! I hope we will see that announcement soon😉

Part 2 — live questions from the Telegram community

Q1 from Telegram user @jocelyn_franky
Can you let us know about the token buy back models?

Lawrence (Won’t DM First):
Yes, we charge 10% on interest earned from DeFi protocols. Out of the fees collected we will be using part of the profit to buy back FLURRY from the market and redistribute to Flurry stakers. This not only further rewards FLURRY holders, but also support the market price of FLURRY.

Q2 from Telegram user @Gutike95
I understand that in Q3 they will launch the rhoUSDT, rhoUSDC and rhoBUSD rhoTokens, but will this really be the only rho stablecoin tokens they will develop? Or in the long term do you plan to include all the stablecoins on the market?

Mike (Will never PM first):
absolutely not. we will add more stablecoin to our list as long as the stablecoin is safe, liquid and popular. This is the beauty of Flurry. We can wrap around any emerging stablecoin to grant them the interest generation capability.

Q3 from Telegram user @KASG95
One of the characteristics that most caught my attention about Flurry Finance is that its returns will have lower risks, but with low risks, won’t the rewards be equally low? If so, will it really be attractive to everyone, or only to those with large amounts of capital?

Mike (Will never PM first):
I think the size does not really matter. it is more the risk profile of the stablecoin owners. We understood that currently, Defi is used by mainly traders (or we call them degens) who are chasing the best yield through leverage and other riskier strategies. however, there is a big group of stableowners who are not as tech savvy and who are interested in stable income with lower risks. This is the group Flurry is targetting and we want to help all these non tech savvy people because we believe DeFi should be for everyone!

Q4 from Telegram user @jonathan_tross
What are chainlink keepers and why it is used to trigger rebasing function?

Lawrence (Won’t DM First):
Smart contracts on program on the blockchain. On its own they cannot modify the state of the blockchain. They require an external party to trigger an execution by submitting a transaction. However our solution is decentralized, so we do not want to rely on any centralized party to trigger our smart contracts. The rebasing mechanism in our smart contract needs to be called via a daily on-chain transaction in order to execute. This function is operated on Chainlink Keepers in order to decentralize and automate the process which is reliable.

The Chainlink Keeper service is a new service recently launched on Chainlink and they provide a decentralized solution to trigger smart contract execution. We have partnered with them and will be using this feature to fully decentralize our solution! Their network of nodes are reliable enough to keep prices ticking, even durable the last 2 down swing of BTC. So we have the confidence that they will be the most reliable decentralized infrastructure we can utilize!

Q5 from Telegram user @Wong2008
Can you tell us how we can get access to the FLURRY testnet?

Lawrence (Won’t DM First):
Yes visit https://testapp.flurry.finance/

and also read our walkthrough article on medium!
https://medium.com/flurry-finance/flurry-testnet-launch-walkthrough-454d7bc40eb

Q6 from Telegram user @Lena_V10
How does #FLURRY will make the whole process of yield generations easy for beginners ? Or #FLURRY is applicable knoy for professional crypto users?

Lawrence (Won’t DM First):
Just BUY and HODL rhoTokens from uniswap! then earn interest automatically in your wallet! Can it be any simplier???

Q7 from Telegram user @Annodam1_0
What is the most ambitious objective you have for your project? What is your project’s long-term goal in the bitcoin market? If there are any impending updates, I’d appreciate it if you could let us know.

Mike (Will never PM first):
There are 3 main long-term goals in Flurry. First, as we said, we want to bring in non Defi users to the Defi space. We want to bring in more TVL to the DeFi ecosystem such that the whole Defi space benefits from having Flurry. Second, we want to bring rhoTokens to mass adoption. We believe the old way of minting, redeeming to earn interest is inconvenient and costly. If rhoTokens is mass adopted, then users do not have to redeem anymore but can trade and settle directly in rhoTokens. In this way, users stablecoin are never idle and earn interest for their owners all the time. We think this is a much more cost efficient and convenient world for stablecoin owners. And finally, we wanna achieve cross chain such that users do not have think about what chain they wanna be in. they can earn interest on different chains automatically and continuously.

Q8 from Telegram user @Tanas0707
Revenue is an important aspect for all projects to survive and maintain the project/company. What is your plan and way to generate profit/revenue from tokens? In this regard, please explain your income model?

Mike (Will never PM first):
Flurry will charge initially 10% on the yield generated for our users. Part of this income will be used to buy back Flurry tokens in the market and put them back in the staking pool to reward Flurry owners who stake. In this way, the buyback is providing support to the price. the distributed part is encouraging people to stake and not sell the flurry tokens.

Q9 from Telegram user @orlemys
You’ve your native token rho, is a cross-chain token with all the goods of a stablecoin. I’m curious to know how users are able to generate income from investing and hodling rho long-term? Since it is pegged by various stablecoins, will the price still go up? Or will it basically act as another stablecoin? Also, you’ve announced the launch of rhoUSDT, rhoUSDC and rhoBUSD. In case the price is able to go up, would the different tokens have different prices? How does it work?

Lawrence (Won’t DM First):
No, the value of a rhoToken does not change at all. Its always backed by 1 underlying stablecoin. e.g. 1 rhoUSDT is backed by exactly 1 USDT always! when you earn interest, you will just get MORE rhoUSDT! . At any moment, you can take your redeem rhoUSDT by burning rhoUSDT and get back the underlying USDT. No conversion price is involved!

Q10 from Telegram user @cung54
While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?

Mike (Will never PM first):
Yes, we do take into account of community feedbacks and demands. that is why we will have different campaigns for users to try out our product and give us any comments or suggestions. We appreciate users feedback a lot and please feel free to let us know your thoughts. that is how we can keep improving and achieving our goal. That is to make DeFi user friendly so that everyone can participate.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Flurry. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru
Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners
Flurry Telegram community: https://t.me/FlurryFinance_Official
Twitter: https://twitter.com/FlurryFi
Website: https://flurry.finance/

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 PeachFolio and our guests were @dave_peachfolio and @m_r_h19. The AMA took place on 1 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 PeachFolio!  Welcome to Satoshi Club😀

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

Today our guests are @dave_peachfolio and @m_r_h19

H: Hello everyone and thanks for having us

Gold Rocket | Satoshi Club: Thanks for joining guys!

H: We are very excited to do this AMAs with the Satoshi club community, and get you guys to know our project better

Gold Rocket | Satoshi Club: How are you doing 😊

Mary | Satoshi Club: Welcome to Satoshi Club 👏

H: @PeachfolioPM will be joining us as well today

Mary | Satoshi Club: Added😃

H: Thank you

Mary | Satoshi Club: @PeachfolioPM we are happy to see you here today 😊

Peachfolio.CryptoApe: Hi everyone, don’t worry i won’t take it personally 😁

Gold Rocket | Satoshi Club: Nice to meet you guys 😊

Let’s start!

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

Tell us please also about your position in PeachFolio🍑

Peachfolio.CryptoApe: Perfect, so i’m the peachfolio project manager, that reflects my background having had a career managing projects within the financial services sector working on Digital products.

As a wider team we come from quite a wide variety of disciplines from development, marketing, change management, graphic designers and web development.

Mary | Satoshi Club: How many team members PeachFolio has?😃

Peachfolio.CryptoApe: As a team we’ve all been in crypto since around 2017 some of us earlier i believe. When we started to get into DeFi we noticed how hard it is to monitor your tokens, track your gains, check buy in price etc.

There’s 9 in the core team so quite a few of us

So we realised that between us we had the experience to create our own app. We put our heads together and came up with peachfolio as an App that would deliver the features we wanted

Gold Rocket | Satoshi Club: What is the essence, main idea of  PeachFolio?

Mary | Satoshi Club: That’s right, we need as much comfortable trackers as possible, so everyone can find the better for himself😊

Peachfolio.CryptoApe: Straight to the point question i like it. So peachfolio app (which is available now on Android and IOS stores) is a DeFi wallet tracker fundamentally. Our core aim is usability and delivering real world use cases so traders don’t have to make sacrifices

Mary | Satoshi Club: Sounds promising 👍

Gold Rocket | Satoshi Club: you aimed at a serious crypto segment .. nevertheless, it is in great demand

Peachfolio.CryptoApe: Usability is a big bug of mine and unfortunately so many on the market don’t allow a seamless service to it’s users. For instance one of the problems we’ve solved is managing low MCAP coins, many others require you to manually add these but peachfolio app will add these automatically

Gold Rocket | Satoshi Club: 👍 This is what I have always lacked in trackers. 😁

Real Juicy PeachFolio😁

Peachfolio.CryptoApe: I may have to use that one 😁

Mary | Satoshi Club: Yes, trackers usually are a bit useless with low mcaps

Gold Rocket | Satoshi Club: What plans do you have for the future? And what can we expect from PeachFolio?

Mary | Satoshi Club: Hope with PeachFolio situation will change!

Also, i have one more question about PeachFolio team 😉 is your team public or anonymous?

Peachfolio.CryptoApe: So we’ve got quite a detailed roadmap out there, not sure many projects have gone to the same level so we do like the pressure. However, we’ve delivered ahead of time on all our deliverables to dates both with our beta, android release and IOS release.

In terms of medium and long term plans

We’ve just dropped our latest update which added in logos, watchlist function, realised and unrealsied gains at the token level for every token you hold. All much requested

Gold Rocket | Satoshi Club: I already dream of downloading this to my phone😁

Peachfolio.CryptoApe: We do have an announcement we’ll be making towards the end of the AMA as it’s a big delivery on our path to being in every DeFi traders phone

Gold Rocket | Satoshi Club: Great 👌

Mary | Satoshi Club: We will wait for it🎉🎉🎉

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

Peachfolio.CryptoApe: Our next deliveries include Profit and loss calculations across your wallet and then the one i’m really dying for as a DeFi trader, customisable price alerts straight to your phone

Sure let’s go for it

Mary | Satoshi Club: I like profit calculations 🤣 but losses make me sad

Gold Rocket | Satoshi Club: Feel free to add important remarks. we need to get to know you very well😁

Q1 from Telegram User @captainprice111

What is your favorite feature of Peachfolio that distinguishes it from other projects? What wound will Peachfolio heal the Defi traders in the market? What benefits will you bring to your community in Defi and how will your community grow?

Peachfolio.CryptoApe: Good questions

My favourite feature as i discussed above is the fact that the App picks everything up automatically so there’s no more struggling with each new trade. Custom price notifications is definitely my most desired delivery as having that real time data straight to your phone is a killer for anyone who trades infrequently or frequently.

The most useful for today’s market however is probably going to be tracking passive income, we get a lot of requests from our community on this so it’s good we’ll delivering it in the not too distant future.

H: How many of you guys had to enter the address of the token you just bought, its decimals, symbol, name ?

I’m sure you all did

Well, go download the app from the playstore or the app store, buy a newly listed token

Gold Rocket | Satoshi Club: oh we know this pain😂

H: and track it directly on the app, without having to do anything

Mary | Satoshi Club: Which Defi platforms we will be available to track?

H: I can also cite another struggle in DeFi

See those transaction tax, slippage on Pancake swap, Pancakeswap’s fees ?

And those quadrillion supplies that make the prices extremely difficult to read ?

Gold Rocket | Satoshi Club: And this is very familiar to us 🙈

Mary | Satoshi Club: Ohhhh🤣🤣🤣

H: Well, with the app, you do not have to have a scientific calculator with you to know the price you bought at

The app does that for you

I’ll let you guys discover that by yourselves 🙂

Mary | Satoshi Club: As i know Zerion app support something like this

On Ethereum

H: Why should Ethereum get all the great functionalities 😛

Mary | Satoshi Club: Ahaha, right

I am missing this features on BSC😉

Thank you for your answers, guys! Ready to go to the next question?😉

H: Yes please.

Gold Rocket | Satoshi Club: Thanks for your answers😊

Q2 from Telegram User @orlemys

Since cryptocurrencies are extremely volatile, I’d like to know how fast your platform is with updates? Are they instantaneous? What are your sources? Do you have multiple or just a main one? What is the backup plan in case one of them is down, in that case? Also, do you have locking periods, and are they customizable?

Peachfolio.CryptoApe: It can be volatile yes, we have certain dependencies but our performance right now is near real time following chain validation. We’re already working on implementing our own node and our own data source which solves many of the issues posed by this question.

Mary | Satoshi Club: Did you already test your platform? How fast is it now?

Peachfolio.CryptoApe: We have a better way of implementing enquiry than most so you don’t have those long delays, the app will load your tokens in seconds.  Of course the best way is to go test it yourselves. We have a very active support community for requests with our own telegram channel so we’re always happy to discuss these questions

Mary | Satoshi Club: Awesome! 👍 Hope soon you will also have a lot of positive feedbacks about profits earned with your tracker help😊

Thank you for your answers! Ready to go to the next question?🚀

Peachfolio.CryptoApe: We’ve already had multiple cases of people finding new money they had lost or forgotten about so there’s a result 😁

Gold Rocket | Satoshi Club: https://t.me/peachfolio join Satoshi Clubbers     😊

this is a very nice bonus 😁

Peachfolio.CryptoApe: Yes please, next question since we’re on a roll

Gold Rocket | Satoshi Club: Oops

Q3 from Telegram User @JaviSuBs™

We know that the demand for apps is higher these days, Peachfolio, are you planning to go beyond the app and create a desktop version? For users who do not have access to a mobile phone or who find it easier to mobilize a desktop app on a PC or some web version of Peachfolio with PC users in mind? Thank you

Peachfolio.CryptoApe: No problem i’ll add that yes we have the data from a few minutes and that’s maximum on top of our own node as mentioned above we’re introducing real time live charting in the future so that’s only going to get better

This is a nice lead in question as we certainly are, we’ve listed to our early beta testers and we’ll be introducing an equivalent browser service in the not too distant future. We’ve even thought about a smart watch function but we’ll see where the demand on that one falls

Gold Rocket | Satoshi Club:O! it is very interesting👍

Modern man is surrounded by gadgets. And the more trackers the better😁🍑

Thanks for your answer

Mary | Satoshi Club: Could you explain how smart watch function could work? In plans, of course

H: Well, as you know, the screen realestate of a smart watch is limited

So as you can imagine, we won’t show chart on the smartwatch

But, what smartwatches are good for is notifications

Mary | Satoshi Club: Yes🤣 but i think it’s comfortable to see important signals on your hand😉

H: So with prices alerts dropping this month,it makes sense that we would at least see if our users wants smartwatch notifications for prices

Exactly, “Hey, your peachfolio token’s price did a +150% in the last 24h”

Mary | Satoshi Club: We can go training and stay updated in the same time, for example 😉

H: That could fit on a smartwatch’s screen easily 🙂

Mary | Satoshi Club: Paradise 🤣

Gold Rocket | Satoshi Club: sorry guys, I could not resist a little and downloaded your app😍

I really like your design😁

Peachfolio.CryptoApe: I’m a change manager at heart so as you imagine we have lots of things on our product backlog that we run past the community to balance real world use cases. The community have given us lots back too

People do seem to love the design, you can also change the theme for now between dark and light mode but we’ll have more coming soon.

Mary | Satoshi Club: Wait, i am downloading now🤣 feedback soon)

Thank you for your answers, guys!

Gold Rocket | Satoshi Club: how many languages   is supports PeachFolio

Peachfolio.CryptoApe: Yeah go ahead, you’re also welcome in our support channel with any feedback 😀

So at the moment we’re supporting just the one, English. However we’re already underway in our localisation to introduce a number of languages in our next update.

Q4 from Telegram user @andrey_seleznov Hi Peachfolio!

I see that you promise to launch the free Peachfolio app which will let users access a range of great features that make DeFi life easier. Users You will be able to track DeFi tokens from multiple wallets and see token values and percentage changes; see the day’s biggest DeFi Gainers and Losers; set price alerts and get detailed Profit & Loss reports. What I want to ask about is the pro version of the app, what additional exclusive features are you planning to save for the Pro users? What will be the incentive to upgrade from free to Pro version?

Thank you!

Gold Rocket | Satoshi Club; it will be great

Peachfolio.CryptoApe: Good question. So yeah we wanted to get the App in people’s hands and let it spread by word of mouth before we started to lock down the Pro functionalities. We’ll be going a tiered approach and we’ll be setting out those tiers and then the prices in the next weeks.

Price notifications we think we’ll be the big draw but as the question highlights Profit and Loss, being able to vote on the delivery direction of the App as well as tax calculations are all going to be key in moving users from free to Pro.

Mary | Satoshi Club: So, even tax calculation?

Gold Rocket | Satoshi Club: Will the free version also work over time?

Mary | Satoshi Club: For which countries?😀 As i know taxes are different in every country

Peachfolio.CryptoApe: Our plan is to always have the core free version yes, we want this to be an App universally used . We recognise there’s plenty of different types of traders so we’ll be aiming to cater to those as well those who see the added value in additional features.

Gold Rocket | Satoshi Club: Got it 👍

Peachfolio.CryptoApe: Yeah this is always the issue and one i know well. There’s some common calculations but we’ll be looking at our user base and the complexity to decide which are delivered first and then build it up from there.

Mary | Satoshi Club: Gotcha! This would be great 👍

Gold Rocket | Satoshi Club: Mary you know how to surprise 😁

Peachfolio.CryptoApe: If only eh, so that leads me into another feature quite nicely. We’re all familiar with dusting and scam tokens so in our last update you now have the ability to hide and report such tokens and then they’ll be removed from everyone following a review.

Mary | Satoshi Club: Oh,my millions🤣🤣🤣

H: What my colleague is talking about here, is tokens like MNEB, I’m pretty sure the majority here saw that token in their wallets

These are scam tokens, that gets airdropped to your wallets

The goal is that you interect with them in the case of MNEB, or that you go to their website in the case of OVR

These are scams

Where the app helps here, is that you can : 1) hide those tokens, so that they do not mess up your total balance

Mary | Satoshi Club: Yes, i know and i think our next question will perfectly complement our discussion 😉

H: @madamlobster I invite you to do that right now if you want, you can swipe on a token and click on the eye

and it will disappear

The other feature we integrated in our app, is that you can report these tokens so they get removed for the whole community

in a way, we are protecting each other

Q5 from Telegram user   @yellowchamp

One of the feature that still in progress in Peachfolio app is the Rug Checker Functionality. So,can you give us a brief information about how this functionality works in your app? What is the use of Rug Checker Functionality and how it is being implemented and applied in Peachfolio app? How does your app tracks some rugs tokens or coins being listed in your app and if it is checked that it is rug,can it be removed to our own app account? Does your app notify users for any rug checked being tracked or being detected in your app? Thank you

Mary | Satoshi Club: Awesome! I can tell that i definitely will use your app!😍

H: and we just removed the FLUX token for everyone of our users, live.

If you relaunch the app, you should not see it anymore 🙂

Mary | Satoshi Club: Thank you! Great job👍👍👍

H: We are ready to proceed with the next question

Mary | Satoshi Club: And here we go🚀

Peachfolio.CryptoApe: So on question 5 we’re going through that analysis currently. It will work based on a set of rules that inspect the fundamentals of the token and contact and give a recommendation back to the user searching it. That’s a very interesting final couple of questions, we haven’t determined yet if we will automatically block those as the scores could vary but it’s certainly something we’ll consider. Feedback like this is great

H: On the reasons why we are taking our times: there are basic pointers to why you shouldn’t invest in a token

unlocked liquidity

wallets holding big % of tokens

Mary | Satoshi Club: As i see you can find fast and simple solutions 😉

H: Tokens that burn big percentages even before launch to hide how much the team holds and so on

These are basic pointers, and soon, will be shown directly on the details of every token screen.

Mary | Satoshi Club: Yes, red marks

H: Then you have more advanced analysis, and that’s what we are focused on at the moment. We want to offer more than what you can already find on BSCScan

Mary | Satoshi Club: You’re scam killers🤣

H: We are certainly trying 🙂

Mary | Satoshi Club: I can only apploud you, really perfect job👏

H: Thank you

Peachfolio.CryptoApe: That would be nice, we all share that hatred of scams. Ultimately we want to give the tools to educate the users so these scams have less success

Gold Rocket | Satoshi Club: i like your approach👏👏👏

Thanks for your answers 😃

Mary | Satoshi Club: I am yours, guys🤣

Q6 from Telegram user @Asela1112

According to your whitepaper tokenomics, $PCHF tokens were allocated as 29%- presale, 50%-public sale, 13%- Marketing & 8%- Team. But there are no allocation for Partnerships, burning purposes, airdrop & giveaways on $PCHF tokenomics. So why didn’t you focus on these preliminary purposes? On which Concept did you make this $PCHF allocation? And also you incur 8% transaction tax on every transaction meanwhile it deployed as 4%- redistribution to holders, 2%- operational costs & app development, 2%- liquidity. On transactions also you didn’t add deflationary features. So how will you control inflation on $PCHF token & how will you mitigate the price volatility of $PCHF without a proper burning mechanism? You also integrate anti whales measures on your tokenomics with 1% maximum transaction limits. Can you explain it also furtherly?

Peachfolio.CryptoApe: Some of those we allocate under our operational costs but to pick out burning in particular. This is obviously a popular mechanism used by primarily meme coins at the start more  for marketing rather than any other purpose, we didn’t see a need to go that route.

H: the reason for that is clear: when you do not have a product, you need money to market your project

We had a product out before the token. We wanted to avoid using any mechanism that meme tokens and non serious “projects” use

Mary | Satoshi Club: This is honest way to present your token for public 😀

H: Regarding the burning features, we did not go that road, instead, a % of every transaction goes back to liquidity. As it should be.

and one last clarification

Since the token has utility, burning it makes no sense.

Our users are gonna be able to access premium features in the app by holding the token

Gold Rocket | Satoshi Club: great feature👍

Mary | Satoshi Club: How many tokens they have to hold to get premium access?

Btw, guys, what about your smart contracts security? Did you pass audit?

Peachfolio.CryptoApe: We have a plan to release this news in the next couple of weeks. We didn’t want to rush on price before it was needed as getting that model right is a very important decision

We’ve engaged with a number of auditors we’re currently in that process of confirming the vendor and we’ll hit that deliverable soon

Mary | Satoshi Club: A lot of news soon👏

H: Yes, and we have a big one we will share with you guys first in here. at the end of the AMA

Part 2 — live questions from the Telegram community

Q1  from telegram username @CryptoFollower

How can I add my wallet into your application? Do I have to share my 12 words?

H: The app does not require you to share your recovery phrase. The app just needs the address of your wallet. The one you use to see your holdings and transactions on BSCScan. So the app not only allows you to trakc your wallet, but also other wallets. So you can see when a whale bought a token, which one. You can soon receive notifications about when that whale sold their token and so on.

Q2  from telegram username @iam123312

What if any new users try to start trading & wants to try peachfolio platform, Will be be smooth & easy for the newbies?

Peachfolio.CryptoApe: On this one, that’s our aim and it would be lovely to act as a stepping stone for new users. We have lots of help guides on our website created bespoke by our content team to help traders of all experience and these are linked through from the App as well.

Q3 from telegram username @ronaldo_super

I read your project and see it is a DeFi wallet tracker. Which mobile phones do you support? Do you support Android, iPhone and Huawei?

H: To answer this question, today, our app is available on the play store (android phones), app store (Iphones) and we are evaluation making the app available on Harmony OS when the market requires it.

Q4 from telegram username @Ble73

Can you tell us about your current partners, plans for partnerships and what everybody stands to gain from these partnerships?

Peachfolio.CryptoApe: We’ve had a couple of link ins with other projects to date from different areas of DeFi, so we had a dividend token from Dogeback and a NFT project Hoodoi. The aim of these as we move forward is to reach out to other communities to spread the word of our App. We’re also looking at bespoke partnerships where we may add specific functionality to the app for a token of significance.

Q5 from telegram username @Robotliker1

You mentioned you have 9 core team members. Do you have any plan to add more members in the team and will you have any ambassador programme for different countries whereEnglish is not spoken to increase awareness and adoption of your project?

Peachfolio.CryptoApe: We do have a few more also involved in the project and a team of very helpful and insightful moderators. As for reaching out to other communities this is something we’ll be progressing as we move forward with our additional languages as there’s many regions into DeFi which would benefit for our App.

Q6  from telegram username @Einsteinyl

I read that PeachFolio project have create native token name with $PCHF token , my question what is the function from $PCHF Token inside your ecosystem? Are there any reward by hold your token?

H: So the token’s first utility is giving access to pro features. Today, and until we finish integrating all the pro features, you can access them and try them for free. at the moment, the app shows you your buying prices, selling prices, unrealized an realized PnL for each token. In august, prices alerts will be added and voting. As soon as all these features are integrated, they will be locked and offered to PCHF holders only. The free version will still show you your balances chart for you tokens, but price alerts and other pro features will be limited to PCHF holders

Q7  from telegram username @adaatalay

What is the community’s role in PeachFolio? Is there a right to vote in the management and the decisions taken?

Peachfolio.CryptoApe: We really value our communities say in the App so we try to gain insight in terms of feature requests of which we get many, polls in the telegram to gain insight from our user base. We also have a roadmap voting functionality within the App will directly tell us what the community think of a feature so we can be sure we focus our time on the right features.

The above will be one of our Pro features so that our loyal holders get the biggest say in how we move forward.

Q8  from telegram username @cenkkargin0666

What prompted you to start the peachfolio project? What prompted your team to create an app? Can you explain what negativity or evil in the market caused this?

Peachfolio.CryptoApe: We like all of you were just DeFi traders frustrated by other services we gave up on and even at first like many trying to use PCS to track prices. If you see a requirement unsolved as many of us have worked in the area of change and build you naturally want to solve it.

Q9 from telegram username @highpee

You talked about PRICE ALERTS DELIVERED straight to users PHONE. How will this work? Will you be able to deliver instantly, when there is a sudden rise or drop in price of a particular asset? Are you the one who will decide on the ALERT to PUSH to user or can user set alert for the tokens they need price update from?

H: So, regarding prices alerts, we will offer our users as much freedom as possible. So we won’t have (only) limited price alerts such as % or price targets, but we will push the customization way further. We will communicate on this point later this month.

Q10  from telegram username @

Questions deleted from user

Peachfolio.CryptoApe: So on this question. We do have an announcement for our next blockchain

Part 3 – Quiz Results

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

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

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

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

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

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

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

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

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

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/peachfolio      

Twitter: https://www.twitter.com/peachfolio

We are pleased to announce our next AMA on August 10th 2021 at 05:00 PM UTC Time: Satoshi Club x BaconDao

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

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

Part 3: 300$ – A quiz about BaconDao

For more details:
BaconDao Website – bacondao.com
BaconDao Telegram – @baconDAO
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on August 6th 2021 at 03:00 PM UTC Time: Satoshi Club x Brokoli

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

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

Part 3: 300$ – A quiz about Brokoli

For more details:
Brokoli Website – brokoli.network
Brokoli Telegram – @brokolinetwork
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on August 3rd 2021 at 01:00 PM UTC Time: Satoshi Club x King Baby Doge

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

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

Part 3: 300$ – A quiz about King Baby Doge

For more details:
King Baby Doge Website – kingbabydoge.io
King Baby Doge Telegram – @kingbabydogechat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Obortech, a project with strong fundamentals addressing real-life problems. The AMA took place on July 29 and our guest was Tamir B., CEO and Founder of Obortech.

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

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Obortech!  Welcome to Satoshi Club. @B_Tamir welcome here.

Tamir B: Thank you. I’m happy to be here with you all.

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

Tamir B: I’m CEO and Founder of OBORTECH. Before the project, I was a project developer and communicator for international development projects that were implemented by governments of USA, Switzerland, Mongolia, etc. Most of their projects were implemented in transportation, energy efficiency, and mining sectors. I also have passion for UX/UI design for over 10 years and always wanted make things simpler with design ideas. As for the crypto industries, I was one of the passionate people who joined the 2017-2018 bull run and learned a lot about the blockchain and crypto back then. Based on my professional experience international development project, a passion for design to make things simpler, and interest in crypto/blockchain, I started the OBORTECH project in 2019 with my colleague.

Gold Rocket | Satoshi Club: What is the essence of your project?

Tamir B: We are aiming to solve one of the most complex and big problems faced with any economy of the world, which is supply chain inefficiency. OBORTECH aims to create the Smart Hub, a fully digital ecosystem where all actors in supply chain remotely collaborate in a decentralized and democratic blockchain network.

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

Tamir B: Sure. We ourselves have been in logistics and project development fields for a long period of time. Our co-founder has been in the logistics sector for over 20 years, and now leads one of the biggest logistics companies in Mongolia. Our Chief Counsel/Lawyer is Harvard Graduate and has extensive experience in corporate law and regulations. Our CFO/Finance person has over 20 years of experience in central banking, financial and investment institutions. Our blockchain architects have also been in software development for 20 years and in the blockchain field for 6 years. We have a team of veterans for their respective fields.

We are an international team. Some of us working in our office, and others working remotely from different parts of the world. Also current pandemic situation urges us to work remotely even when we are in a same region. So, I think working as a remote is a new norm for all of us.

Q1 from Telegram User @josegamboac

The world’s current situation, necessitates the adoption of emerging technologies in the transportation and logistics industries. People all over the world have now realized the importance of blockchain and other newer technologies in supply chains. As a platform developed in Blockchains and the crypto world, what is the contribution that Obortech makes to the current global situation of pandemic by Covid 19?

Tamir B: Good question. Some recent studies show supply chain managers are now more aware of importance of technologies for smart logistics. Because, the Covid 19 tested all our readiness and agility to react quickly on unexpected situations. On that, smart and agile supply chains were winners. From now on, it will more require digitization of all sectors. So, having smart logistics underpinned by emerging technologies like blockchain and IoT is imperative for all companies now. Simplest example is we need fully digital ecosystem in supply chain that everyone not physically interact to exchange paper based information to avoid contagions.

Mary | Satoshi Club: So, with your system we won’t need any paper documentation?

Tamir B: Yes. All is digital. Even though you need to exchange paper document via old way, you can scan your document and our system will read and convert it to digital document using OCR technology. And your colleague on other side can accept your document remotely using blockchain based validation on our system. So, you won’t need to deliver your paper based document in person.

Q2 from Telegram User @orlemys

I read that you offer IoT sensors for real time visibility and tracking, as this is a key feature in your project, I’d like to know what is this IoT technology, how efficient and accurate it is, and if it’s up to industry standards, or if it is more experimental? Also, more importantly, how safe is this tech against hacking, in fact how safe is your overall platform against hacking and theft?

Tamir B: Alright. The biggest advantage of IoT technology is you can get the real-time data of movement and condition of the cargo installed with IoT without needing to call freight forwarders or transporters. We are using IoT sensors and installing them on trucks and containers that monitored via our platform. So, it can monitor location, temperature, sealing, humidity of the cargo in real-time for you. Actually, all IoT sensors we are using in our platform have already been commercially accepted and used in the industry. As for the security issue, we are using industry accepted technologies that are already being used by big companies. For instances, our blockchain platform is based on Hyperledger Fabric, which is used by many big enterprises. Our IoT sensors have already gotten many security standards and widely used by many companies. So, there will be less chance of hacking these technologies.

Gold Rocket | Satoshi Club: By the way, if an insured event occurs and the goods are either stolen or damaged, who compensates for the loss of customers?

Tamir B: It will mainly depend on the terms of the service between parties and established contract between them. However, our system’s role will be informing all the parties in real-time whenever there is sealing breach in container or shipment route deviations. Since all events are registered on blockchain and responsibility of any party will be identical on our platform, the disputes will be resolved quickly between parties on our platform. As for the traditional systems, such disputes take months to be resolved because of lack of audit traces and trusted information about the events.

Q3 from Telegram User @Asela1112

Using CERTIK, Obortech audited the Smart contract. But when I took a look, 93% tell Obortech secure & remaining 7% say it is insecure. Why is that? In CERTIK audit report, safety assessment is in average level as they mentioned. Will you take actions to evolve Obortech platform as a more safety platform? you have audit just one time even you start Obortech concept in 2019. As I think, Obortech should be audited 3 times at least by 2021. So will you bring more audits in future to the Obortech ecosystem?

Tamir B: Sure. It is just a starting point. We’ll do more work on our platform and get more audits not only by Certik but also by different agencies for different parts of the platform. For instance, we are aiming to get GDPR compliance audit by third party agency this year on our main platform. GDPR is a data protection and privacy regulation by European Union. The GDPR compliant platform means it’s users personal data is protected and more control is given to its users. One of the most important factor for decentralization.

Q4 from Telegram User @Arisabela

There is an alliance between Obortech with logistic companies and governmental institutions from Mongolia, Europe and Australia. Can you explain to us what problems in these countries you intend to solve with OBORTECH digital solutions? How important is this participation especially with the Mongolian companies for the project?

Tamir B: A major problem OBORTECH is trying to solve is supply chain inefficiencies caused by mistrust between parties and absence of unified information exchange. Particularly in Mongolia, there is a trust gap between regulators, private sectors, and even between border and regulating agencies in neighboring countries. Because of these, there are more complicated and manual procedures lagging shipments and trade processes between parties involved in business relation. So, we are collaborating with logistics companies, exporters, regulators, international organizations in Mongolia to build unified data exchange digital platform based on blockchain and IoT for all actors. So that trust is built between them and create more smooth process of trade and logistics.

Mary | Satoshi Club: Which countries are you expect to work with in the nearest future?

Tamir B: We’ll start from Mongolia first. However, we’ve received some early interest messages from companies in Germany, Belgium, and other European regions. Once our main platform is launched, we’ll do more marketing in regions other than Mongolia.

Q5 from Telegram User @Highpee

Your total token supply is 300,000,000 and out of this, 20% is reserved for team, 3% for management whereas 43% is kept as ecosystem reserve. Why do you allocate a high % of token to the team which is almost equal to the 23% of $OBOT you sold to the public during token sale? What is the difference between the team and management allocation? Is the founding team different from management team or why are they having separate allocations? Also, what is the purpose of the ecosystem reserve and why is almost half of your token allocated for this purpose? Who controls the administration or utilisation of this fund and when is it released?

Tamir B: As for the 20% allocation of team tokens, those are locked for 2 years with 25% release every 6 months. That means, all that tokens for the team can’t be released in a single time. For tokens of management, those are locked for full 2 years and reserved for future management of the team in a long-run such as third party advisory board members etc.

The ecosystem reserve is the tokens for future release of different activities similar with other tokens in the market. As you can see that there are many well-known crypto projects that just released only less than 20% of their total token supply and keeping their remaining supply for future activities.

Gold Rocket | Satoshi Club: By the way, share your tokenomics with us please.

Tamir B: you can see it on our website at https://www.obortech.io/obot-defi

Mary | Satoshi Club: Which activities do you plan in the nearest future?

Tamir B: Our major aim now is to launch the Smart Hub this year and do more marketing after that. We’ll produce more use-case videos and contents afterwards. Also expect more partnership news this fall. We are having many discussions with different parties at the moment for collaboration opportunities. We’ll release their news only after the confirmation of the formal collaboration.

Q6 from Telegram User @nhairym

OborTech is only available on Uniswap and ProBit Global exchanges, as is the purchase process, have you considered joining other chains and creating a more adaptable and accessible space for your investors and buyers? Do you have a pre-sale process planned soon, how do you see the project in the long term, what are your projections to close this year?

Tamir B: We are thinking of possibilities migrating to BSC, Cardano etc. But, currently waiting our main platform’s development. We are also thinking of third exchange but that needs to happen only after the Smart Hub launch.

---

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 @potentialsake

You have a feature named Smart Hub so what is Smart Hub and what are the features of Smart Hub?

Tamir B: The Smart Hub offers:

• Blockchain and cloud powered communication hub,
• Tamper-proof, unified and online document exchange,
• IoT based real-time visibility and tracking,
• Open and decentralized networking marketplace.

Explore more on our website.

Q2 from Telegram user @coinresearcher

Where do you get IoT sensors? Do you manufacture them?

Tamir B: We collaborate with leading IoT sensor producers trusted by big brands. We combine their devices into our platform service as a one-stop solution for both blockchain and IoT.

Q3 from Telegram user @Einsteinyl

I’m just curious, do Obortech token have burn&buyback feature for the token, could you introduce how the mechanism work for burn or buyback from your project?

Tamir B: Every basic transaction for the Smart Hub, paid for in OBOT is split in the following ways:

• 70 % to OBORTECHglobal OÜ as a Network Admin fee,
• 10 % to marketing & new user growth pool,
• 10 % to community building pool,
• 5 % returned to OBORTECHglobal OÜ for Non-Profit/CSR Activities,
• 5 % IS USED FOR TOKEN BURNS TO PROMOTE SCARCITY OF THE TOKEN.

Q4 from Telegram user @orlemys

One thing that makes me curious about your project, is its governance system. You are a decentralized platform, with community governance, but it is stated that Smart Hub members are the ones to invite and approve any new members. And this is quite confusing, when you refer to Smart Hub members, who are you referring to? Can all users be Smart Hub members? How can we become one?

Tamir B: The Members are organizations using the Smart Hub platform. In supply chain, business data privacy is the most important. So, the Smart Hub platform network members should know who is joining their network.  OBOT token holders are a separate community. If you want to join the Smart Hub, you need an organization operating in supply chain.

Q5 from Telegram user @Korryl

Well from what I read on today ama, Obortech really a great project, may I know about Obortech public sale and presale? where will Token listing? Any info regarding future list on exchanger?

Tamir B: Thank you. Our presale is finished. Currently, OBOT is traded at Uniswap and Probit. You can see their links from here: https://www.obortech.io/obot-defi

Q6 from Telegram user @KASG95

You mention that with Obortech users can exchange services in the Smart Hub Marketplace, but how will it really work? How can these services be exchanged? If so, will these services be NFT tokenized?

Tamir B: This feature will be introduced when the Marketplace part of the project is developed in 2022. It will be done via smart contracts on the platform between users. We are not clear at the moment to integrate NFTs, but will consider it.

Q7 from Telegram user @xperia3

Obortech have 2 headquarters according to its website and these are in Estonia and Mongolia. Which one of these are the main office and why did you choose the other country for opening your second office? I would like to ask if Obortech aim to be active on Asia and Europe only of do you already have plans to expand and become a global project?

Tamir B: Currently, our aimed markets are Asia and Europe. We might establish different companies in different regions depends on the market needs of our service.

Q8 from Telegram user @Jodasf

Nowadays it is important to know how to promote projects, since there are many projects that even having great products and services have been forgotten or discarded by users, so, how OBORTECH promotes adoption, what strategies are you using to avoid getting stuck with the same amount of users and get lost over time?

Tamir B: The Smart Hub is designed for easy to join and simple to use principles for quick adoption. The marketing will be led by regional anchors and champion partners who well know their local markets. OBORTECH will take partner-driven approach for the promotion of its business. In each supply chain ecosystem, the project will select anchor or champion partner to promote the network, attract potential clients, and lead the Smart Hub adoption there. A revenue sharing model will be offered to them.

Q9 from Telegram user @Ishan1_7

What social media accounts do you have so that we can stay up to date on your project? Please share it with us.

Tamir B: Follow our twitter and telegram channels for latest news: https://twitter.com/OBORTECHhub, https://t.me/OBORTECHNews

Q10 from Telegram user @DF3295

Are you going to be working on a single blockchain for Supply Chain or do you have any multichain perspective?

Tamir B: We are using two blockchains. Ehtereum for public chain and tokenization, Hyperledger Fabric for private and main platform for supply chain.

---

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Obortech. 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
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• Telegram Channel: https://t.me/satoshi_club_channel
• Website: https://esatoshi.club/
• Twitter: https://twitter.com/esatoshiclub 

Our Partners:

Twitter: https://twitter.com/OBORTECHhub

Telegram: https://t.me/OBORTECHNews

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 GPool and our guest were @jocrypto11, @Patrick_Anthony and @wei_dai. The AMA took place on the 1st of August.

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

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

Part 1 — introduction and questions from the Telegram&WebSite

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

Gold Rocket | Satoshi Club: Hello, dear community! Today our guests are @jocrypto11, @Patrick_Anthony and @wei_dai.

JJ Admin: Hello, thanks for having us!

Mary | Satoshi Club: Hello! How are you today?😀

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

JJ Admin: Thank you.

Mary | Satoshi Club: We are excited to see you all here today! 🔥

Patrick Anthony: Hello hello!

Wei Dai: Hi all, thanks for having us.

Gold Rocket | Satoshi Club: Nice to meet🙌

Mary | Satoshi Club: As you all are here, I think we can start our AMA🚀

Patrick Anthony: Let’s go!

Mary | Satoshi Club: And we will start it with intro! Could you please introduce yourself and tell us more about GPool😀

JJ Admin: Hi my name is Jon. I am one of the founding members of Genesis Pool. I have been with the project since its inception and I have been a retail investor in launchpads and IDOs for many years. My background is in investment and investor relations and I moved over to the crypto DeFi sector a few years ago.

Mary | Satoshi Club: So, you invested in DeFi before it became mainstream?😉

JJ Admin: Yes, but back then it was pretty difficult. Launchpads have really helped investors get into DeFi.

Mary | Satoshi Club: I am fully agree with you 😃

Patrick Anthony: I’m an Advisor for GPool and in the early stages I will be plugging in and assisting across all facets of the operation. I am a big believer and advocate of DeFi and believe we are on the right track to create a truly decentralised community focused LaunchPad that is going to change the game.

Mary | Satoshi Club: Sure, you will help a lot👍

Wei Dai: Hi all, I am also an advisor to GPool. I’ve been in the crypto industry for quite a while now, love cryptography, hashing mechanisms and experimenting with multi sig tx types.

Mary | Satoshi Club: Awesome! Your skills will definitely be very useful for GPool!

Gold Rocket | Satoshi Club: Great background guys 😊 What is the essence, main idea of GPool?

JJ Admin: Traditionally, retail investors have always struggled to purchase pre-sale tokens. Before launchpads all pre-sale tokens were bought by seed and private investors.

Launchpads were developed to help the public gain access to tokens in IDOs. Unfortunately, the current batch of launchpads are getting very few tokens for their communities, often just 1%.

Most launchpads now just use their communities for shilling and marketing the IDOs so that retail investors buy the tokens on the secondary market. GPool is here to change that.

Mary | Satoshi Club: Yes, you see the problem clearly 👍

Patrick Anthony: Projects no longer need seed and private investors. They take a large protion of the tokens and then just dump on the public. This needs to stop – Enter Genesis Pool. Healthy markets from DAY ONE!

Gold Rocket | Satoshi Club: Healthy markets are really what we need now crypto👍

JJ Admin: We agree!

Gold Rocket | Satoshi Club: How long does it take to develop a project?

Patrick Anthony: If you mean to develop the platform. GPool has been at it for a couple of months and we will continue to build out the platform itself for many more months. And once up and fully operation, we plan to hand over to the community and focus trully on a DAO based governance model.

Wei Dai: Here’s the roadmap for an indepth overview on product development: https://medium.com/gpoolofficial/genesis-pool-tokenomics-and-roadmap-507e5ff878d

Mary | Satoshi Club: Tell us more about GPool team😃 How big is it?

JJ Admin: We believe in true decentralisation and therefore the GPool team will remain anonymous.

Our team has all the skills required to make GPool the best launchpad in the sector, but its our community that will really make the difference.

Gold Rocket | Satoshi Club: Thanks for sharing👍 And big thanks for great introduction. We will have a questions selected for the Part 1. Ready to start?

JJ Admin: Yes!

Q1 from Telegram User @Asela1112:

In late August of 2021, GPOOL intends to the it’s IDO Launch with 67% $GPool tokens of total supply & no vesting period. Where will this IDO event take place? So Can users get $GPool tokens immediately after we invest our money? Which currencies can we use on GPOOL IDO? Will you use your own GPOOL launchpad to hold IDO event? Will you make KYC registration compulsory to be whitelisted in your IDO event?

Patrick Anthony: YES, week of the 23rd of August 2021.
No vesting period.

This will be the first launch on our Stage one platform.
We will immediately open up a market on Uniswap and provide sufficent liquidity for trading. Although I can’t see many wanting to trade with the amazing GPass staking scheme.

NO KYC for GPool – KYC may be a requirement on a case by case basis depending on the jurisdiction and projects raising on GPool.

Wei Dai: The single sided staking platform rewards users in multiple tokens. So all projects that ever launch on GPool will have to allocate 0.2-2% of their tokens to be rewarded to the members who stake their GPool tokens…

We have prepared and indepth piece on the staking platform: https://medium.com/gpoolofficial/the-genesis-staking-pool-ae1a3bb8777

Gold Rocket | Satoshi Club: Thank you very much for the detailed explanation and for sharing this article.

Mary | Satoshi Club: Using which currencies we will be able to purchase $GPool tokens?

Patrick Anthony: USDT/C and eventually majority of the major stables.

Mary | Satoshi Club: Cool!👍

Gold Rocket | Satoshi Club: What do you think is the reason for the absence many wanting to trade with the amazing GPass staking scheme?😊
And how can this be changed?

Patrick Anthony: Just by holding GPool tokens you are rewarded with a Gold GPass which allows you priority whitelisting to IDO’s. And with the 4 projects we have officially secured I can’t see many wanting to risk missing this. These projects will be announced prior to our Launch on the 23rd.

Wei Dai: So by the time these 4 projects are done with their IDOs, the members who stake their GPool tokens, will be rewarded in all of these tokens as rewards.

Gold Rocket | Satoshi Club: This really clarifies a lot 👍

Mary | Satoshi Club: Thank you! Ready to proceed?😃

JJ Admin: Yes!

Patrick Anthony: Born ready!

Mary | Satoshi Club: Partially covered, but I am sure you have a lot to add on this topic 👍

Q2 from Telegram User @yellowchamp:

I found out in your roadmap development for 3rd quarter that you will have a Single sided staking platform and you will also launch a Genesis Pass. So,can you give us an idea about this Single sided staking in your platform? How it will works and what are the requirements and advantages to stake in your platform despite of having many staking platforms in the market already? Can you also share any idea about the Genesis Pass? What is the use of Genesis Pass in your platform? How to avail Genesis Pass? What are the advantages and benefits of we will have a Genesis Pass in your platform?

JJ Admin:

To reward its most loyal investors, Genesis Pool will introduce the Genesis Pass (GPass), a reward scheme that will give increasing benefits to investors who hold and stake their GPool tokens.

The Gold GPass will be given to all those investors joining GPool at its inception.

Gold Rocket | Satoshi Club: Thanks for your answer.

Mary | Satoshi Club: This will depend only on the period not on the amount of tokens staked?

JJ Admin: Investors joining GPool at our launch will get given the Gold GPass automatically. They will not have to wait 101 days. The amount of GPool tokens required will be the allocation amount in our IDO.

Mary | Satoshi Club: Gotcha 👍

Patrick Anthony: Within our tokenomics we have allocated 2% for the staking rewards pool. We also have a partnership being announced in the next couple of days that will also be adding tokens to the staking pool. So, by staking users will be rewards well from day one. Also, every project that lists on Genesis Pool will also be required to provide from .02% to 2% of supply to the staking pool.

Wei Dai: Staking platform is pretty much covered in the answer above.
It is pretty straight forward and one of a kind, for all users who stake their $GPOOL tokens, they will be rewarded with the tokens that do an IDO on the GPool platform.

It is one of a kind because, while other launchapds are releasing only 1% of the project tokens for the public sales, we’re encouraging them to give out 0.2-2% just as rewards.

Gold Rocket | Satoshi Club: Indeed it looks like a rather unique solution.
Thanks for your answers. Ready to proceed to the next question?

Patrick Anthony: Yes!

Q3 from Telegram User @antoni_azx:

One of the little controversial advantages of Gpool is that it will be interoperable. However, despite the articles, I could not find clear information on the mechanism or technologies that will be used to connect with different chains. Can you tell us more about this topic?

Wei Dai: We can’t put all our cards out too early. 😬

More will come to light with the layer 1 chain we’re partnering with, the announcement regarding this will go out in the coming week. One of the key reasons we’re partnering with them is to use their bridge to connect between multiple networks.

Gold Rocket | Satoshi Club: Don’t forget to share with Satoshi Clubbers😉

Patrick Anthony: We will pop back mid week with the news.

Mary | Satoshi Club: But can you tell us which networks will be available?

Patrick Anthony: Every network will be available.

Mary | Satoshi Club: That’s clear!😀 Thank you, guys! We will follow your updates! Ready to go to the next question?

JJ Admin: Yes!

Q4 from Telegram User @Zohaya:

GPOOL will be unique in that it will only offer one investment tier. This is one advantage that GPOOL will provide to all of its investors. My question is, why did GPOOL choose this type of strategy? Other launchpads offer three or more investment tiers to attract large investments, so why did GPOOl choose only one?

JJ Admin: This is the simplest solution to allowing retail investors easy access to the GPool IDOs.

We chose this strategy because it benefits our community. Its that simple.

There are now so many savvy retail investors out there, including your members 😊, that we don’t need to attract large investors who will pump and dump tokens on launch.

Mary | Satoshi Club: So, you think VCs are evil?😀

Patrick Anthony: No – we are not saying they are evil.
It’s just unfortunate that they are slowly becoming obsolete as the retail investor can provide the same level of investment but spread across multiple individuals. This reduces the risk of pump and dump.
We are providing the on ramp to facilitate this. Instead of have 10 people with a $100K position. Projects will now be able to have 1000 people with a $1000 position.
I will say it again. Healthy markets from day 1.

Gold Rocket | Satoshi Club: Thanks for your answers 😃 Ready to proceed to the next question?

Q5 from Telegram user @DK177:

You have indicated that GPOOL is free of whales. Whale activities is a major problem related to new projects. Therefore, your decision is great. However, how do you put this concept in to practice? How do you prevent whales from buying activities? Please explain your anti-whale policy. Further, you have mentioned that investors will be from the GPOOL community. How do you guarantee the GPOOL community is free of whales? What will happen one whale invests with multiple accounts and generates a sell-off situation? In addition to theoretical plans, did you examine about the damage done by whales on similar platforms?

Patrick Anthony: It would be a huge effort for a whale to go and create multiple accounts to purchase multiple positions for every whitelist.
As for the secondary market I know I personally will be trying to buy as much as possible so I can stake and earn more rewards.

Mary | Satoshi Club: That’s why they are whales 😀 but there are a lot of sense in your words.

JJ Admin: In addition to theoretical plans, did you examine about the damage done by whales on similar platforms?

Yes we did a lot of research into the other launchpads and wrote an in-depth article on how whales have caused a great deal of damage. One of the examples we used was the Refinable IDO on Polkastarter.

Here is the Medium article: https://medium.com/gpoolofficial/launchpads-no-friend-of-the-retail-investor-bcffba71a650

Mary | Satoshi Club: Thank you for sharing! We will definitely read it! Ready for the 6th and last question from this part?😀

Patrick Anthony: Lets go!

Q6 from Telegram user @orlemys:

Your running Pre-Launch Olympics Competition might be one of the most clever marketing ideas I’ve ever seen. With participants creating Medium articles and Youtube videos for a chance to win, you are sure to gain some traction in your platform. However, one of the possible events you listed for participation was the ‘Trolling another Launchpad’. I know most crypto or internet-related things should not be taken so seriously, but recently there has been a rise of toxicity in the community, so how do you ensure the posts stay innocent and don’t delve into anything that might escape your hands? Also, since it is not required to be an investor to win, random users, including minors, might also participate, wouldn’t this also be risky?

Patrick Anthony: Yeah. I agree. We think it is going to do very well.
Trolling is common on the internet and we thought why not have a little fun with it all. And as it is light hearted we do not see any risk in this.
Funnily enough, the trolling competition is one of the comps that has the most entrants to date.

JJ Admin: Here is the link to the Medium article on how to enter the $20,000 GPool Olympic competition: https://medium.com/gpoolofficial/genesis-pool-20-000-pre-launch-olympics-competition-c1c94d4b14cb

Gold Rocket | Satoshi Club: Do you have a favorite in this competition? 😁

Patrick Anthony: I do enjoy the meme and trolling competition entrants most.

JJ Admin: I think the 250 word Medium article competition will be great. I hope all your members enter.

Wei Dai: I am looking forward to the ones that flood reddit with GPool 😊

Gold Rocket | Satoshi Club: Thank you very much for this fascinating first part of AMA. Now get ready for the most impressive part of the AMA – the living questions!

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @beerskit:

Which blockchain are you using for GPool project and do you plan to add support for BSC?

Wei Dai: Initially on the Ethereum network, but our long term plan is to have it across all other blockchains. Support for BSC is in the roadmap: https://t.me/gpoolofficialann/32

Q2 from Telegram user @alamins005:

Do you have a partnership with a venture capital firm or an investment firm?

Patrick Anthony: Negative, no need. We are for the community by the community. “Where retail investors become the seed and private investors”.

Q3 from Telegram user @highpee:

Almost 70% of token will be available to the public during IDO and these tokens will not be vested,. Why do you allocate so much to the public IDO? Don’t you think this may be risky if some profit seeking early investors decided to dump a large chunk of the presale token back into circulation as soon as you launch?

JJ Admin: Great question. GPool is very proud we are enabling our community to purchase 67% of our tokens. We feel the loyalty GPass and the staking platform will encourage investors to lock up their tokens. Also with an amazing flow of IDOs investors wont want to sell.

Q4 from Telegram user @bigboicity12:

Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?

Patrick Anthony: We feel that we mitigate this via GPass and the Staking platform.

Q5 from Telegram user @Rakshitx5:

As GPool is a truly decentralized platform so we can also see meme projects with no real utility? which are usually launched for the developer’s profits? So how GPool deals with memes or no utility projects?

Wei Dai: Nice question. We’re introducing a governance model, so the community will be able to choose the projects that should be eligible for an IDO.

Q6 from Telegram user @ElonsMusky:

I don’t understand the olympics very well, maybe you guys can elaborate? Can you guys explain how you will entice other projects to launch on GPool instead of other launchpads?

JJ Admin: Please read our Medium article: https://medium.com/gpoolofficial/genesis-pool-20-000-pre-launch-olympics-competition-c1c94d4b14cb

Q7 from Telegram user @BJosefina61:

How will GPOOL work to deliver high quality projects within the Gpool launchpad and not teams without serious ideas?

Wei Dai: The projects that apply for an IDO will go through multiple stages of review and the final approval will be from the community. In short, the community decides the projects that get approved for the IDO.

Q8 from Telegram user @Hermbh28:

There are already well known IDOs in market like polkastarter, paid network, cardstarter and many more. So my question is what makes you difference from that IDOs?

JJ Admin: There are over 60 launchpads and all of them we consider our competitors. Polkastarter, the largest launchpad by mcap, has 40k wallet holders. So the combined launchpad sector would have over 300k members.

All of these members want to participate in IDOs and we feel that many of them are being frustrated by the way these launchpads give access to their whitelistings.

GPool is working with projects from a much earlier stage and by doing this we are able to gain a much larger share of the projects we are launching’s token allocations.

This means we will be able to allow more investor to participate in our IDOs and get much better allocations.

Q9 from Telegram user @elizabeth:

A launchpad is only as good as the projects that launch on the platform.
Can you give us any information on if you have any projects ready to launch and secondly how you are going to go about finding projects to choose Genesis Pool?

Patrick Anthony: Great question. We have secured 4 projects all of which will be annouced by the 23rd of August.

1. A community focused DEX;
2. A network ecosystem that will be tokenising the property market;
3. A L2 Privacy coin;
4. My personal favourite. A world first Smart Contract platform that is going to change the way smart contracts are viewed and used by the crypto world. They also have real world partners already. “The Amazon of Smart Contracts” Users will invest in GPool just to be a part of this project. Stay tuned;

Q10 from Telegram user @silvert0ngue:

Please tell us about the first couple of projects you mention that you have secured.

JJ Admin: Thanks for you question. Patrick has just answered a similar question. (previous question)

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/
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We were delighted to welcome our guest from Peri. The AMA took place on July 31st, 2021 and our guest was @garethbowlesperi.

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 Peri.

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

Gareth Bowles: Glad to see you! @GoldRocket27

Gold Rocket | Satoshi Club: How are you doing 😁

Gold Rocket | Satoshi Club: We are also honored to have you here today.😍

Andrés M. | Satoshi Club: Yes, is a pleasure to have you here Gareth.👋

Gareth Bowles: Doing very good, it’s honored to be host on Satoshi club again too!

Gold Rocket | Satoshi Club: Thanks for your kind words❤️

Gareth Bowles: We had AMA with you guys in may, 3 months passed:)

Gareth Bowles: Pleasure:)

Gold Rocket | Satoshi Club: how fast time flies 🚀

Gold Rocket | Satoshi Club: Let’s start!

Gold Rocket | Satoshi Club: Please remind us a little about yourself and the project😊

Andrés M. | Satoshi Club: That’s true, there we have the AMA recap of that incredible AMA. Let’s check it Satoshiclubbers https://esatoshi.club/peri-finance-x-satoshi-club-ama-session-07-may-2021/

Gareth Bowles: Sure! I will say ‘done’ after I finished my answer.

Gareth Bowles: First of all, I’m Gareth Bowles, and I majored in business study.

I spent most of my career on financial sector, including director of finance, currency dealer and so on.

Gareth Bowles: And PERI Finance is a cross-chain based synthetic asset issuance and derivatives decentralized exchange.

Gareth Bowles: This means PERI dApp will run on multi-chain networks like Ethereum, Polygon and Polkadot.

Gareth Bowles: Users can exchange synthetic asset, which is tokenized assets that have the same value as original assets.

Gareth Bowles: Also, derivatives means that PERI Finance will provide leverage and inverse functions to synthetic assets.

Gareth Bowles: done!

Gold Rocket | Satoshi Club: Thanks for your great intro👏

Gold Rocket | Satoshi Club: What’s new with you during these three months?

Gareth Bowles: Most of all, our staking dApp officially opened on Polygon mainnet!

Gareth Bowles: https://staking.peri.finance/

Andrés M. | Satoshi Club: Let’s remember, what is the essence of PERI and which problems do you want to solve?

Gold Rocket | Satoshi Club: Wow! Congratulations!🔥

Gold Rocket | Satoshi Club: this is a big milestone👏

Gareth Bowles: Thanks Andres! We aimed to solve current issues on Ethereum Network like high gas-fee, low speed transactions with PERI Finance dApp first. So this is the reason that we chose dApp network for Polygon.

Gold Rocket | Satoshi Club: It really makes sense

Gareth Bowles: Indeed, but it’s just the beginning of us:)

Andrés M. | Satoshi Club: Great targets, is really needed to increase the adoption

Gold Rocket | Satoshi Club: And we are at the beginning of the first part and I’m sure you can’t wait to move on to questions from the community.😁

Gareth Bowles: Sure we can, Let’s move it now!

Q1 from Telegram User @orlemys

I read an article that said you would launch on BSC Mainnet with a 1025% APY on staking. As a new investor, I’d like to know what are the specifics of staking with Peri. What are the requirements, what is the coin or token I should stake in, in what token do I get my rewards, is there any punishment for staking and unstaking constantly? Also, is that APY the standard or is there a minimum APY? How risky is it?

Gareth Bowles: As for new stakeholders on PERI Finance, we have released detailed guide by laymen’s term, I will give you links below:

Gareth Bowles: https://medium.com/perifinance/peri-finance-dapp-guide-on-matic-polygon-mainnet-31cce0a61a71

https://medium.com/perifinance/polygon-matic-bridge-guide-on-peri-finance-e8c7e6570056

https://medium.com/perifinance/how-to-stake-peri-token-a-video-guide-with-claim-details-21d1b12b6e06

https://medium.com/perifinance/peri-finance-withdraw-guide-on-listed-exchanges-4a0013f547c2

https://medium.com/perifinance/peri-finance-dapp-details-about-peri-staking-93a61ea0e89c

https://medium.com/perifinance/un-staking-guide-peri-finance-dapp-969049899ebb

https://medium.com/perifinance/polygon-bridge-peri-transfer-guide-to-ethereum-mainnet-a71c9b72373c

Gold Rocket | Satoshi Club: Thanks for sharing

Gold Rocket | Satoshi Club: such guides make life easier for the user👍

Gareth Bowles: For simple process explanation,

users should

buy PERI on listed exchanges → transfer tokens by Polygon bridge → staking on PERI dApp.

Gareth Bowles: We don’t give any penalities for staking-unstaking.And also for the APY, it’s up to daily TVL(total value locked) on PERI dApp, users can check daily TVL on dApp.

Gold Rocket | Satoshi Club: It is easy enough to do it. Please remind me on which exchanges we can buy PERI?

Andrés M. | Satoshi Club: Where is listed right now?

Gold Rocket | Satoshi Club: Btw great APY

Gareth Bowles: Sure thing!

We have listed on Gateio, MEXC, and XT for CEX.

And users can swap PERI through ETH on UniSwap.

Gareth Bowles: Thanks Gold:)

Gareth Bowles: Also, we will re-open Pancakeswap to BSC users very soon.

Gareth Bowles: done!

Gold Rocket | Satoshi Club: thank you very much for the detailed answers! ready to move on to the next question?🚀

Gareth Bowles: Yes please:)

Andrés M. | Satoshi Club: A great list of big exchanges 👏

Q2 from Telegram User

@JaviSuBs

 PERI Finance offers users a low gas rate and achieving transactions is faster as achieving these objectives if more than 1000 users are doing a transaction at the same time that PERI Finance offers responsiveness and security at the time of a transaction. ??

Gareth Bowles: Good question. As I mentioned in the beginning, PERI Staking dApp is live on Polygon. They offers large amounts of transactions without issues, and providing services to users with low-gas fee.

Gareth Bowles: Also, we are doing numerous times of internal test, and bug-bounty program to users is still opened since this June.

Gareth Bowles: So we can say that PERI Finance is fully-prepared with transaction bottleneck issue, and users can feel safe for it:)

Gareth Bowles: done!

Andrés M. | Satoshi Club: That’s great, so there will be no problem with a congested network?

Gold Rocket | Satoshi Club: Safety first👍

Andrés M. | Satoshi Club: Btw, have you done audits? Which problem did you find on your contracts?

Gareth Bowles: Yes, we had many times of intense test of our dApp!

Also, we have done audit on Certik without any critical issues.

Gold Rocket | Satoshi Club: It is very important. Thank you very much for taking security so seriously.

Gareth Bowles: That report was not 100% resolved(91% actually)

But that issues were about styling code, not for serious malfunctions on dApp.

Gareth Bowles: Sure it is!

Gareth Bowles: Safe first as you said👍

Andrés M. | Satoshi Club: Thank you so much for your great answer.

Gareth Bowles: Pleasure:)

Andrés M. | Satoshi Club: Time to proceed with the 3rd question🥳

Gareth Bowles: Ready!

Q3 from Telegram User @konditer_rolex

How did it happen that a hacker was able to steal 61000 Peri from ChainSwap? How did you manage to block the address of a hacker who managed to withdraw tokens? Share your experience of fighting hackers and how do you think it is realistic to protect yourself from hackers by 100%

Gareth Bowles: Right, the previous ChainSwap hacking issue was also the serious thing to us too.

As we’ve noticed that problem, we bought all of amounts of PERI that hackers dump on exchange to protect users’ assets.

Gareth Bowles: And we blocked hacker’s wallet to prevent additional transaction.

Therefore, we have successfully preserved all of users’ PERI assets.

Gareth Bowles: Here’s Etherscan history:

Gareth Bowles:https://etherscan.io/address/0x65e393bb8c9f5e6ee4238c3b8863506f76789880#events

Gareth Bowles: And this is detailed announcement about Chanswap hack:

Gareth Bowles: https://medium.com/perifinance/important-notice-2-chainswap-hack-a16d2b6a6940

Gareth Bowles: done!

Andrés M. | Satoshi Club: We are happy to know that everything is ok right now, great job facing the problem ASAP👏

Gold Rocket | Satoshi Club: How did you manage to block the hacker’s address? it was not easy it seems to me

Gareth Bowles: Yes, by finding transaction changes on our smart contract, we have found the hacker’s wallet. And our dev team freezed that account very quick.

Gold Rocket | Satoshi Club: Great job guys

Gareth Bowles: Thanks! Our dev team worked very well.

Gold Rocket | Satoshi Club: Thanks for your honest answers..

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

Gareth Bowles: Sure!

Q4 from Telegram User @Brainchest

PERI Liquidity Pool depends on the amount of PERI in the stacking.

PERI Max Supply: 20,000,000

So the liquidity is limited to this amount.

Question: What if you are very popular and trade large amounts? How will you be able to ensure minimum spreads and the ability to execute contracts?

Gareth Bowles: We know that many of users struggling to participate Polygon’s staking dApp, so we are going to provide staking dApp on multi-chain network.

Gareth Bowles: This will start on BSC within 2 week, and ETH Mainnet later.

Gareth Bowles: We expect that this will let users to join staking dApp more, and this will give more abundant Liquidity pool.

Gareth Bowles: done!

Gold Rocket | Satoshi Club: it really helps to empower

Gareth Bowles: Oh, question was about large amounts, and I think dApp on multi-chain will be also for this answer.

Andrés M. | Satoshi Club Great answer Gareth, ready for the next one?😃

Gareth Bowles: Yeap:)

Q5 from Telegram User @andrey_seleznov

Hi PERI!

As we see NFTs and related projects are on the peak of the hype lately and will be very popular in the foreseeable future. I see that Peri is no stranger to NFTs either and introducing Pynths’ NFTs – linked synthetic assets that promise to be a game changer for the massive NFTs market. Peri plans to show its uniqueness in the Pynths’ NFT ecosystem and greatly reward and monetize artists and investors. Please elaborate about the Pynths’ NFT ecosystem, how does it benefit both artists and investors at the same time? What are the unique features that only Peri provides in the rapidly evolving NFT space?

Thank you!

Gareth Bowles: I think most of Satoshi users know that NFT market is a talk of the town in blockchain world. PERI Finance will launch NFT fractional assets service to liquidate NFT easier.

Gareth Bowles: This is also a kind of synthetic assets, and users are free to trade on crypto exchanges.

Gareth Bowles: done!

Andrés M. | Satoshi Club: The NFTs will have usecases or will be only collectibles?

Gareth Bowles: Well, with additional explain, by users make NFT fractional assets, they can encash some amounts of NFT and making additional staking.

So we can say that this would be an additional usecases for NFT.

Gold Rocket | Satoshi Club: Thanks for your answers 😃

Gold Rocket | Satoshi Club: Ready to proceed to the last question of this part?😊

Gareth Bowles: Yes please:)

Andrés M. | Satoshi Club: Perfect, we will be waiting for the launching👏

Q6 from Telegram User @yellowchamp

PERI tokens are used for governance. You have created a PIP system (PERI Improvement Proposals) to hear community opinions. So,can you explain more about this system? How can anyone of your community contribute to PIP system? How does proposal being submitted by the community and how it will being sort out and evaluated by your team? What are the advantages and benefits that PIP system will bring to Peri network and to the community? For those community that will be part of PIP system,can they get any community incentives or benefits from Peri Global? Thank you

Gareth Bowles: PERI PIP is a name of PERI ecosystem governance. Users can suggest their question with 1PERI, and question approval is decided by user’s staked PERI amount.

Gareth Bowles: So I can say that this would be a kind of ‘council’ on PERI Finance ecosystem.

Gareth Bowles: And this system will open on December of this year.

Gareth Bowles: done!

Andrés M. | Satoshi Club: Wow, a lot of amazing events are coming for Peri, please share your roadmap with us to check it in detail😁

Gold Rocket | Satoshi Club: we are ready to wait until December if you promise to share with us 😁

Andrés M. | Satoshi Club: Then, we will need another AMA on December to know more 😁

Gareth Bowles: Sure! Here’s roadmap of PERI Finance on 2021:

– Technological Implementation from Various Projects (August)

Chainlink Price Feeds, Polygon Network, MakerDAO’s DAI Stablecoin etc.

– Launch PERI Decentralized Exchange Service (September)

Create and Trade diversified Pynths from PERI DEX

Other Crypto tokens, Forex, Commodities, etc.

– Launch PERI NFT Decentralized Exchange Service (October)

Generate NFT Fractional Assets by staking NFT on PERI Vault

– Launch Pynths Perpetual Futures Service (November)

Add leverage to Pynths up to 20X

– Launch PERI DAO(Decentralized Governance of PERI Finance) (December)

Users can decide PERI Ecosystem agenda by voting with PERI token

Gareth Bowles: Glad to:)

Andrés M. | Satoshi Club: Will be awesome🥳

Gold Rocket | Satoshi Club: Thanks for sharing

Gareth Bowles: Pleasure:)

Gold Rocket | Satoshi Club: And thanks for your great answers 😃

Andrés M. | Satoshi Club: Thanks for share it Gareth, and thanks for this fantastic first part of the AMA, your answers were clear and detailed to our community👏, great job

Gold Rocket | Satoshi Club: Now get ready for the most impressive part of our AMA – the live questions!🚀

Gareth Bowles: You’re welcome, questions about PERI are always open on our telegram:)

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Smartling

From you roadmap, it says you will Launch Pynths Perpetual Futures Service in November. Can you tell us more about this?

Gareth Bowles:

A1. PERI will give users to users Perpetual Futures Service.

This can make users to invest various synthetic assets on short/long position with up to 20x leverage.

Q2 from Telegram User @rinnguyen

High gas fee & slow network are the main issue with platform, How does Peri solves this problem?

Gareth Bowles:

The main reason for using Polygon is low gas-fee, swift transaction.

PERI Finance recognizes that transfering their asset from ETH to Polygon is still complex, so we keep making guides on official medium blog. Please check!

Q3 from Telegram User @satishgmr

Can You explain more about “Synthetic assets” in simpler terms

Gareth Bowles:

Sure, ‘Synthetic Assets’ indicates a token that has the same values with another asset.

For example, pUSD which is basic synthetic assets of PERI Finance, values same 1USD in real currency.

And for stocks, like if we make pTSLA for synthetic asset, this price goes same with real Tesla stock.

Q4 from Telegram User @Brainches

I apologize for the misunderstanding, but I want to ask again. Total Supply of PERI is 20,000,000 This means that changing the price of PERI token will affect the liquidity of the pool, because PERI Liquidity Pool is created by staking PERI and minting Pynth called pUSD.And when the price of PERI will decrease, and competitors can influence the price specifically by selling PERI on exchanges, the value of the pool will decrease.How can you protect the liquidity pool and make it deep enough?

Gareth Bowles:

I think this problem is occured by PERI price drops.

We are keep achiving our milestone, doing numerous marketing program, and improving our dApp steadily.

Surely we can’t control the price, but I think this will make PERI price go up.

So this is the reason that we’re compensating for user’s continuous support of PERI Finance by participating staking program.

Q5 from Telegram User @Rajkumari8

English is a popular language … How does your project plan to spread awareness of its project in different countries where English is not good? Does your GREAT PROJECT have a local community for them to better understand #peri project?

Gareth Bowles:

Yes we have. We’re currently managing China and Korean local PERI community.

https://t.me/peri_korea

https://mp.weixin.qq.com/s/e2Q6pChnNjazgsQvlqy6dQ

Q6 from Telegram User @surendra040

61000 Peri have been hacked . What are the impacts in toknenomics and token supply of project ? has there been any changes? What have been done till now of hacker wallet address

Gareth Bowles:

As I mentioned previous question, the hacker’s wallet is successfully blocked, and tokenbomics/token supply is not changed by this issue. Users also able to check details on our smart contract history and medium announcements.

Q7 from Telegram User @Pokerlight

Is it possible to buy PERI without having to go through the KYC process?

Gareth Bowles:

If you want to buy without KYC, we recommend swap on UniSwap.

Pancakeswap for BNB holders will open soon, so stay tuned for upcoming news:)

Q8 from Telegram User @hansoyeon

What makes PERI Finance unique and different from other projects?

Gareth Bowles: So many things we have!

We will launch dApp on multi-chain, provide synthetic assets DEX with NFT fractional assets, leverages, having lots of major tech integrations like Chainlink, Polygon, DAI and more soon…

Users can join these services by staking dApp, so we highly recommend users to stake PERI before other dApps will open, and claim reward!

Q9 from Telegram User @sophiejohnson1

Burning tokens makes tokens rare. Does PERI Finance burn tokens to stabilize the reward and create a limited supply with high demand?

Gareth Bowles:

As you see on the tokenomics, total supply of PERI token is relatively low than other crypto projects.

So we don’t have any plan about burning PERI now.

Q10 from Telegram User @nguyenben

PERI holders staking PERI and minting Pynth called pUSD, what will pUSD be used for?

Gareth Bowles:

pUSD will be used for buying various synthetic assets in PERI Exchange.

We called ‘Pynths’ as PERI synthetic assets.

So pUSD will be the basic token of PERI dApp. And users can mint pUSD by staking their amount on our dApp.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Peri. 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:
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