Satoshi Club

We are pleased to announce our next AMA on July 6th, 2021 at 03:00 PM UTC Time: Satoshi Club Russian x Railgun Russian

⚠️Click to see the hour
⚠️Total Reward pool: $200

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Russian Satoshi Club Telegram group
👉 Join Railgun Russian 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. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.

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

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

PART 1. Introduction of ArtSmiley project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about NFT project.

ArtSmiley is a Multisided Art Marketplace that Democratizes NFT & Digital Art and brings it to mainstream art aficionados.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Andrés M. | Satoshi Club – @AndresM77

Luis Merino 🇪🇸 | Satoshi Club – @LuisMe7

The Representative of the project:

Lurdh Allam – @LurdhArtSmiley – CEO & Co-founder of ArtSmiley

Entrepreneur and experienced business management professional

Introduction of ArtSmiley project.

Luis merino 🇪🇸 | satoshi club:

Hello everyone and welcome to the second ama today. Our guest is @LurdhArtsmiley from Artsmiley. Welcome to Satoshi club 😀

Lurdh allam:

Thanks for the opportunity, a pleasure to be here looking forward to explaining more about Artsmiley NFT.

Luis merino 🇪🇸 | satoshi club:

How are you today? Are your fingers ready for some great questions? 😉

Andrés m. | satoshi club:

We are glad to have you here😃

Lurdh allam:

All good and I am absolutely ready for it

Luis merino 🇪🇸 | satoshi club:

That’s great!!

Luis merino 🇪🇸 | satoshi club:

So please, as an introduction, can you please tell us a few words about yourself? Also explain briefly what’s Artsmiley.

Lurdh allam:

Sure, let me explain you.

• About me:

👉i am Lurdh allam: ceo & co-founder of Artsmiley. 

👉passionate art enthusiast & collector

👉education & experience:  I have done my masters in business administration (mba), masters in engineering with over 20+ years of experience working for various international companies in operations, strategy, and business management both in europe & the middle east.

Luis merino 🇪🇸 | satoshi club:

Great background Lurdh! Nice to meet you 😊

Andrés m. | satoshi club:

Yes, great background, now please tell in a nutshell what is Artsmiley?

Lurdh allam:

• About Artsmiley:

Artsmiley, a multisided art marketplace that democratizes NFT & digital art and brings it to mainstream art aficionados.

👉Artsmiley was established in 2017 and in operations since 2018 as middle east’s leading art marketplace.

👉bringing NFT based ownership for both digital and physical arts using Binance smart chain to the largest multisided art marketplace in gulf.

👉user-friendly & interoperable NFT marketplace linked to the leading gallery and a large number of traditional and new age buyers – making it a full ecosystem for everybody’s benefit!

👉gulf capital SME awards 2020 “digital business of the year award” winner.

Artsmiley offers its services to both b2b & b2c clients.

Done

Luis merino 🇪🇸 | satoshi club:

What an explanation 😳 You have fast fingers, huh? 😉

So, I guess the community is looking forward to the first part of the ama. Are you ready? 😄

Lurdh allam:

Sure, looking forward to it

Preselected questions about the ArtSmiley DeFi project.

Andrés m. | satoshi club:

Q1 from telegram user @jmagsss

I saw on your website that Artsmiley started way back in 2017. During the early stages of the company, did you already considered implementing cryptocurrency and blockchain technology into Artsmiley’s ecosystem or did you just have this idea recently during the NFT boom?

Lurdh allam:

You are right, we have established Artsmiley in 2017 and operating since 2018 as a traditional art marketplace.  To be frank I don’t have that moment in time an idea of going into block chain.  After 2 years of operation, I was strongly started believing that adding technology can help a lot to our customers and stakeholders, especially to fulfill my vision of making art more accessible and affordable to all communities, I thought it is essential to have blockchain technology.   As this technology can help authenticate art pieces, which is one of the problems I used to have as an art collector.  Also multi ownership of art piece, which is never practical in the traditional world.  Last year I firmly decided to go in the direction to make Artsmiley more of a technology platform.

After people episode, NFTs started booming up, my thoughts become stronger and now I am here with the development of Artsmiley NFT marketplace.

Done

Luis merino 🇪🇸 | satoshi club:

Lovely, Lurdh. The blockchain world is the way 😉

Lurdh allam:

Yes. And it is the only a way…

Andrés m. | satoshi club:

Fascinating, you choose the correct way of the techno revolution

Lurdh allam:

Absolutely no more pumped up. Making it happen and create something unique.

Andrés m. | satoshi club:

How is your team conformed, btw? How big is it?

Lurdh allam:

We are a team of 4, 2 x co-founders, 2 x senior members handling two critical functions.  Other than this we have a supporting tech partner who has more than 10 personnel, give support as the business demands.  Also have two reputed advisors, one from UAE & another from Sweden.

Lurdh allam:

If you would like to know I can provide more details about the team.  Between us we have more than 100+ years of professional experience.

Luis merino 🇪🇸 | satoshi club:

That’s a lot! What a team 👏😊

Andrés m. | satoshi club:

Wow, that’s what a big project needs😁

Lurdh allam:

Great, thanks, all of us are experienced team in our functions.  Anyone wants to learn more details at www.ArtsmileyNFT.com

Andrés m. | satoshi club:

Thanks for sharing it, ready to proceed with the next question?

Lurdh allam:

Sure, I am.

Andrés m. | satoshi club:

Q2 from telegram user @andrey_seleznov

Hi art smiley!

I understand art smiley has been selling physical art for some time, right? Now you also open an NFT art marketplace that will allow you to expand into the digital world of blockchain. Good thing about the NFT technology is that not only does it allow the sale of art, it can also be natively used as a proof of ownership of the digital art. Do you plan to also sell a digital NFT ownership certificate when selling physical art pieces? If so, could previous buyers reach out to art smiley to generate NFT ownership certificates for the art that was sold before the NFT marketplace was opened? Thank you!

Lurdh allam:

👉yes you are right we have been selling physical arts in our traditional marketplace for more than 4 years.  We would like to leverage this experience by showcasing their artworks under NFT based ownership.

👉our platform accepts both traditional artists and digital artists and offering NFT based ownership to both these art forms using Binance smart chain (BSC). 

👉if you’re a digital artist, you can use our platform to directly create your NFT and trade. For physical art, the process is a bit different as we need to validate a few facts like authenticity, ownership, etc. All of these processes are designed to be fully automated and frictionless.

Reference to previous buyers, if they can approach us to generate NFT ownership, definitely we will do this by digitizing their artwork.   

In other cases where new works have been produced, we can time-lapse all the art-making process and tokenize them into block chain for NFTization.

We are bringing phygital works (physical & digital in NFTs) this is something unique that no other NFT marketplace or project offering and we see this as a big breakthrough, which can elevate ArtsmileyNFT a potential player in the market. 

Hope this clarifies your question.

Done

Andrés m. | satoshi club:

Thank you, so clear and detailed answer. Btw, could you share some of the pieces of art from your marketplace? We love digital art here.😃

Lurdh allam:

Do you want me share here 😃

Andrés m. | satoshi club:

Please, if you can😁

Luis merino 🇪🇸 | satoshi club:

Specially stickers. I’m a sticker lover. Hahaha

Lurdh allam:

This is
stickers

Previous
Next

An NFT work

Andrés m. | satoshi club:

Wow fantastic, who is the designer?

Lurdh allam:

Ibrahim, who is our NFT artist

These are traditional oil paintings.

Lurdh allam:

Hope you guys love it.

Luis merino 🇪🇸 | satoshi club:

Looooove it

Andrés m. | satoshi club:

Of course, we do, congratulations to the artists 🥳👏👏

Wow, I really need one of them, how expensive are these pieces? Do you have auctions to sell them?

 

Lurdh allam:

This is approx. $3000, oil painting done by a Pakistani artist.

Luis merino 🇪🇸 | satoshi club:

They are amazing 😍😍😍

Lurdh allam:

Great, thanks…

Luis merino 🇪🇸 | satoshi club:

Ibrahim is a fantastic painter 👏👏

Lurdh allam:

Anyone wants some works, they can reach me or my team via Artsmiley.com or social media channels

Luis merino 🇪🇸 | satoshi club:

Got it 👀

Andrés m. | satoshi club:

Satoshiclubbers, let’s check it💪

Luis merino 🇪🇸 | satoshi club:

So, the third question is knocking the door, shall we open it?

Lurdh allam:

Sure

We can offer discounts to your community

Andrés m. | satoshi club:

That would be awesome, thanks for care about us😃

Andrés m. | satoshi club:

Q3 from telegram user @nszr1

Artsmiley is a platform that resides in the United Arab Emirates, and on its website, I observed that when a user buys or rent a piece of art you are in charge of all the logistics and installation of it, I would like to know if these benefits and the platform are only available to users who reside in the united Arab Emirates, or if on the contrary, anyone in any part of the world can buy or rent a work of art through this platform and receive this logistical help, and in case this is not possible at the moment, do you plan to expand globally to other continents such as Europe, north America or Latin America? Or will you focus only on the Asian market?

Lurdh allam:

Good question, well studied about Artsmiley, let me explain you.

Andrés m. | satoshi club:

Thank you, please take your time!

Lurdh allam:

Artsmiley offers all kinds of contemporary art and sculptures from around the world.  Our community have more than 1500 artists from over 50 countries.

However, we are offering framing & installation services only in the United Arab Emirates only.  The reason for this is the shipping cost associated with framed artworks.  We can offer framed services for masterpieces as the value of the works are high, in these cases shipping and insurance cost is nothing in comparison with the value of the work. 

As we grow, we have plans to have partnerships with local framing companies around the world using our artist network, so that we can ship the artwork rolled but framed locally and delivered to clients.  The same applies to installation as well.

Also, our artworks clearly labeled for installation, so it makes it easier when handling by our clients.

Done

Andrés m. | satoshi club:

Got it, is good to know that it will be affordable for everyone in the future.

Luis merino 🇪🇸 | satoshi club:

I have no extra questions. Great explanation, Lurdh 😄👍

Lurdh allam:

Absolutely, we always want to make art reach every home at an affordable price.

Andrés m. | satoshi club:

Btw, we would like to know more about an important event for Artsmiley, I’m talking about your IDO, how to join and which results have you had until now?

Lurdh allam:

Sure

Andrés m. | satoshi club:

Great job👏

Luis merino 🇪🇸 | satoshi club:

The hot question 🔥😂

Lurdh allam:

Artsmiley using Finminity as a launchpad.  Offering both private and public sales.  Our IDO process already started.

Luis merino 🇪🇸 | satoshi club:

Where can we find more info about this? 👀

Lurdh allam:

Here is the IDO process

Luis merino 🇪🇸 | satoshi club:

The end of July 7th is close

Lurdh allam:

However, we’re providing exclusive and limited amount inclusion for Artsmiley community that has come up in the last few days (and growing exponentially) and may have missed the snapshot period in Finminity.

The interested community can reach us using the link Artsmiley IDO (https://docs.google.com/forms/d/1zwizyksebwyqachntkaufw2aca5lah42gtmjxpa9-v4/edit?ts=60dd9ce5)

Luis merino 🇪🇸 | satoshi club:

Satoshi clubbers… Check this message 👀

Important one

Lurdh allam:

Please use the link and send your details, if interested we can reach you.

Luis merino 🇪🇸 | satoshi club:

There you are! Thank you Lurdh.

Lurdh allam:

I request all members be supportive of this drive and I am confident we are building something unique and in view of the social responsibility of supporting the artist community

Luis merino 🇪🇸 | satoshi club:

That’s very important. Artists are never as great valorated as they should 👏

Andrés m. | satoshi club:

After this amazing information, is time to proceed with our 4th community question.

Q4 from telegram user @sotiy97

Something that caught my attention about Artsmiley is that you have advantages over your competitors, among them are, the knowledge of the art market, its technology and end to end process, which among them highlighted me very much that you have recognized brands in the middle east , you have NFTs assigned to realworld artworks (both digital and physical), and they have community vote through ArtsDAO that allows community participation, and all these characteristics make Artsmiley a pretty strong platform in the face of market competition. As art smiley plans to expand its market beyond the middle east, do you plan to implement an auction system that allows the greater participation of both artists and buyers, and in this way generate a greater impact on the community, which would allow increase the participation of new artists, users and buyers?

Lurdh allam:

I really in love with your community and their dedicated efforts in making study about Artsmiley.  I can see this in their questions.

@sotiy97, as you have rightly pointed we are building something unique and offering “phygital” work, this is something none of the competition are offering.  Our goal is to bring mainstream of artists into NFT ownership and bridge the gap between digital & traditional world of arts.

The auction system is always in my mind,  after IDO we will be launching our new Artsmiley.com platform along with mobile application, where I already have plans to run a pilot project of auction specifically focused on bluechip /experienced artists works in traditional world and curated digital works in digital world.

The auction system, definitely adds great value and shows a great impact on the community as you have mentioned this will help bring new generation artists to take art as a serious profession.  Even with NFT revolution the trend already started.

Done

Luis merino 🇪🇸 | satoshi club:

You are absolutely right 🙂

Andrés m. | satoshi club:

A lot of great things are coming, could share with us your roadmap? To check what else is coming for Artsmiley

Lurdh allam:

Sure definitely

Road map:

Our short term goals:

• Q2 2021: project commencement
• Q3 2021: smiley platform launch
• Q4 2021: DAO governance
• Q1 2022: growing smiley ecosystem
• Q2 2022: smiley AR/VR platform

Luis merino 🇪🇸 | satoshi club:

2021 is going to be great 😄💪

Lurdh allam:

In the next 5 years, my goal is to be one of the leading NFT marketplaces in the art world and want to number one in the Asia region.  We also envision expanding NFTs from current art to music, gaming, etc.,

For a more detailed road map please visit www.ArtsmileyNFT.com

Andrés m. | satoshi club:

2022 as well, AR/VR platform sounds so innovative

Lurdh allam:

Yes, a lot of responsibility and commitment to our community and investors.

Luis merino 🇪🇸 | satoshi club:

Yeah, of course

Lurdh allam:

Absolutely this is something we would like to introduce in the NFT world for carrying virtual exhibitions, private viewings, visualization of artworks in the real world.

Andrés m. | satoshi club:

As a virtual museum, right?

Lurdh allam:

Absolutely…

Andrés m. | satoshi club:

Well, thanks Lurdh for the great answers. Time to proceed with our next question, we are almost ending this first part of the ama😃

Q5 from telegram user @arisabela

The staking contract of your platform allows NFT holders to receive rewards, can you tell us the details about this staking system and how it works for NFTs? Can rewards be received passively just for being a holder, or is it necessary to invest smiley tokens or other assets to obtain the rewards?

Lurdh allam:

Staking contracts will come into existence in q3/2021.  We use $smiley tokens as our medium to trade in the NFT marketplace.  You will receive rewards being a holder, some use cases, and advantages for NFT holders listed below.

👉smiley tokens used for NFTization

👉smileys are essentiallythe underlyingg currency (or medium) to trade art.

👉smileys are used in every transaction and are necessary to buy NFTs available on the platform

👉as an Artsmiley token holder, you will get a preferential price for all artwork (NFT or non-NFT) listed in the marketplace.

👉being a smiley token holder, you will save up to 10% off on all Artsmiley platforms and get a vip access to online art exhibitions.

👉smiley for yields from the secondary marketplace

👉art rentals, sales rewards are distributed back to the NFT holders as smiley tokens

👉any NFTs used for ads & exhibitions also paid through smiley

Done

Luis merino 🇪🇸 | satoshi club:

Do you guys need more reasons to buy and hold smiley tokens? 😉😂 Thank you Lurdh, ready for the last question?

Lurdh allam:

Yes, I am.

Andrés m. | satoshi club:

Q6 from telegram user @itsmelissa3

Do you accept in Artsmiley any kind of hand painted art? Are there any restrictions or censorship? What kind of art is not supported by the platform? Some platforms do not accept nudity, while others do. Are artistic nudes accepted in the Artsmiley gallery?

Luis merino 🇪🇸 | satoshi club:

Btw, this one is a great question. I like it 😀

Lurdh allam:

We normally accept all kinds of contemporary art and sculptures in our platform.  Artist registered into our platform have to upload their artworks, once done they will be sent to the curator for review, authentication, price check, etc., once he approves, artworks will be showcased at our platform and match with potential buyers.

Reference to nude works, we don’t accept in the public domain due to in-country restrictions, however, these always sell outside the platform and we keep these collections separately with us.  However, in the new platform, we are having plans to showcase under some conditions, again technology becomes very handy.

Done

Luis merino 🇪🇸 | satoshi club:

Wow 👏👏

Andrés m. | satoshi club:

We understand perfectly.

Luis merino 🇪🇸 | satoshi club:

So… A great storm is approaching…

Andrés m. | satoshi club:

@LurdhArtsmiley thank you so much for your great and fantastic answers in this first part of the ama, it was an exciting time, we are happy to learn more about Arts miley 😁

Lurdh allam:

My pleasure

Luis merino 🇪🇸 | satoshi club:

Prepare your umbrella…

Lurdh allam:

I am going overwhelmed

Andrés m. | satoshi club:

Now is time to interact with our dear community😁 a ton of questions are coming. Ready?

Luis merino 🇪🇸 | satoshi club:

Please, remember the rules and prepare your best questions. I will open the chat for 2 minutes. Ready… Steady…

Goo!

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

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

Q – 1 from a telegram user @alice_wonderland12

Art pieces in ArtSmiley can be sold in digital and also printed, so they are not unique pieces of art, do NFTs have place in your ecosystem? Do you also have unique pieces?

Lurdh Allam:

Let me explain you this, as you misunderstood the concept of ArtSmielynft and PHYGITAL works.

We sell both physical work and digital artwork through NFT ownership. These digital works have unique tokens and they are only one /unique. Reference to making art prints, this is up to the NFT holder, rather he hold an investment (digital asset), he better earn some yields by offering art prints through traditional art smiley marketplace. This way investors making money, artists have income from secondary sales, and ArtSmiley getting their transaction fee/commission. Here is no way we are compromising the NFT uniqueness in digital form.

Q – 2 from a telegram user @obulin

Wish you great success in your project 🔥 NFT works by Ibrahim look great, especially oil paintings.

You said there will be discounts on those NFT’s. Can you please let me know the maximum discount I shall get for the traditional oil paints? 

Lurdh Allam:

We will offer discounts of 15% on all oil paintings, we have a large collection of these paintings under the creation “TREASURES OF GULF” All works are oil painted and framed nicely. This discount applies for all Satoshi club members.

Q – 3 from a telegram user @Antoni_azx

I could see that among the differentiators of your platform you focus on partnerships with Art Fairs and Exhibitions, can you tell us some of them? And what is the position of ArtSmiley in relation to the physical exhibits of the real world? What role do smiley tokens play?

Lurdh Allam:

Our experience in the art industry, our community, our partners will definitely a greater advantage for ArtSmiley. We have partnerships with local and international galleries, hotels, corporate offices, art exhibitions like Art Dubai, World Art Dubai, The Hotels show, INDEX and many more..

During the pandemic lot of physical exhibitions are closed, this forced to find new ways since ArtSmiley showcasing their local and international artists via virtual exhibitions using different available solutions. Even when things are getting normal, physical exhibitons will not be so popular in my opinion for two reasons, as they are very expensive in organising and 2nd reason, they are missing younger audience who are more tech savy and want to watch everything on their fingers. This is exactly where ArtSmiley want to introduce virtual exhibitions for their works using latest technologies like AR/VR and other avilable solutions.

For these exhibitions we will be using Smiley tokens as a medium to pay.

Q – 4 from a telegram user @Tony253210

ArtSmiley has a very interesting Renting system, where user can obtain the painting without buy it, but how this can be done? Why should I rent instead buy?

Lurdh Allam:

I have introduced rental of art works for the first time in United Arab Emirates, in fact to say in Asia. There are only two other known players in the world who rent artworks.

I introduced this product in line with the vision to make art viable career to artists and also to address the problem of many hospitality industries, who don’t have option to showcase variety of original artworks on a regular basis, as this can provide a great ambience to their clients.

Artists who produce many works but they don’t sell often, this keeps lot of stocks around their home, shelves or under their beds :). Rather these art works doing nothing, it will be a great opportunity for artists to rent their works on a small portion of value of original artwork. On the other hand hotels, corporate offices can rent these pieces to decorate their walls and provide new ambience to the clients.

To protect from stealing the content or from tampering of artwork, we have plans to use blockchain.

Q – 5 from a telegram user @victorogb

ArtSmiley offers a variety of services to art lovers and enthusaist, amongst which is it’s Corporate Services; boasting of features such as the Art for Business, Art for Trade and Gift Guide. Can you briefly talk on these corporate features as provided by ArtSmiley, how?

Lurdh Allam:

ArtSmiley offers the following services to its customers both consumers (B2C) and Businesses (B2B):

👉Original artworks/paintings
👉Limited edition art prints including photography prints
👉Commissioned paintings
👉Art rentals
👉 Online and Offline Exhibitions

👉NFT Tokenization Engine
👉NFT marketplace
👉ArtYield earnings distribution to the NFT Holders

We provide businesses end-to-end services i.e. right from selection of artwork to installation of artworks.

Q – 6 from a telegram user @Ashia_24

Can you give us details about the opportunities do you offer for your NFT artists?

Lurdh Allam:

As a creator / Artist you will have the following benefits from the platform:

👉Access to Artsmiley platforms with free of cost
👉Artists dashboards
👉Pricing & marketing support
👉Display of works in public domain
👉Opportunities to participate in both virtual & physical exhibitions
👉Opportunities to sell artworks to multiple buyers
👉Secondary sales rewards and many more

Q – 7 from a telegram user

@Errina01

What are the quality & attractive features does your project consist of which attracts users to participate in your project?

Lurdh Allam:

We are differentiating ourselves by focusing on three of our core strengths and these i consider as attractive features the project have, that include;

Our knowledge of art markets — we are a recognized brand in the Middle East that has partnered with art exhibitions and art fairs to increase our gamut of quality of art on displays. Blend this with our vast network of talented artists, art collectors, and corporate buyers.

Our technology — what also sets us apart is the integration of our traditional and NFT marketplaces and the way the audience transact using smiley tokens on the platform. Indeed, we facilitate NFTs that are linked to real-world art. We also enhance NFT staking and art yields for rewards distribution from sales and rent.

Last but not the least, is our end-to-end process — indeed, the way we seamlessly onboard artists and facilitate overall art curation and sales is the reason we have gained traction so far, and are going to reach further heights. Add to this our community voting via ArtsDAO and the enabling of advanced AI processes to match buyers with the art they would like to have, and you get a platform designed to provide an unforgettable experience for all parties concerned!!

Q – 8 from a telegram user @shohan1244

Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?

Lurdh Allam:

Total tokens available are 100 Million. We are going into IDO with 20% tokens i.e. 20 million, in which 8 million will be offered for public sale and 12 million offered for private sale. Here you will find tokenomics.

Q – 9 from a telegram user @kiyokoooshimizuu

How will you make sure or what are your ways to prevent the artist from tokenizing their art nft on multiple blockchains?

Lurdh Allam:

Good question, right now only way protected by signing agreements between artists and artsmiley. However your question make me to think, what better i can do to prevent using technology. My answer may not be perfect but this is the reality what we have. Definitely i will be looking into this seriously.

Q -10 from a telegram user @Sumione

How secure is your platform and what are the security measures adopted? have you done any Audit for security check and most importantly for trust too?

Lurdh Allam:

ArtSmiley has an experienced team of blockchain and cybersecurity experts, who will make sure there are enough protocols been set up for the security of the whole marketplace. This is one of our topmost priority areas, and we will always thrive to work on improving our systems to ensure robustness. Also, for your information, all our smart contracts will be audited as and when we make any changes to them by a security auditor of repute. In addition, the website will also go through cybersecurity audits and improvements.

Part 3 – Quiz about project

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

Our contacts for more details: 

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

Our Crypto Partner by this AMA: ArtSmiley

Telegram group  |Instagram |  Tweeter  |  Website  |  Facebook

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 SappChat and our guests were @ogtothestar @sappchat001 @osopn and @vladimir_katansky. The AMA took place on 5 July.

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 Sapp! Welcome to Satoshi Club😀

Sapp Chat: Thanks for having us today

Mary | Satoshi Club: Hello, welcome to Satoshi Club 👏

Gold Rocket | Satoshi Club: Hi dear Satoshi Club❤️!

Mary | Satoshi Club: How’s going?

Sapp Chat: I am the speaker for today’s AMA

Other team members are also here with us

Gold Rocket | Satoshi Club: Hello our guests🤗

Mary | Satoshi Club: Nice to e-meet you! Let’s start 🚀

Sapp Chat: 🆗

Mary | Satoshi Club: For the beginning we want to ask you to introduce yourself and tell us more about Sapp!

Gold Rocket | Satoshi Club: Introduce youreself😊 As far as I know our guests today

@ogtothestar @sappchat001 @osopn and @vladimir_katansky

Sapp Chat: SappChat began its journey a few years back with few team members, and today we are blessed with a strong team that brings decades of extensive experience in building successful products and solutions with immense expertise in blockchain development, software architecture, security, business, engineering, security, finance, marketing, and legal.

Gold Rocket | Satoshi Club: it sounds very promising👍

Sapp Chat: Kindly check SappChat team’s profile and their corresponding Linkedin here: https://sappchat.com/team/   

Also you can check our strategic partners here: https://sappchat.com/token-sale/  (scroll to second to last section of the page)

Follow us on social platforms (E.g. Telegram https://t.me/sappchatchannel , twitter: https://twitter.com/SappChatApp  etc.) for more of our strategic partner announcements!

Mary | Satoshi Club: What is a main idea behind Sapp? How long did you develop Sapp?

Gold Rocket | Satoshi Club: Thanks for sharing👍

Sapp Chat: Do you mean SappChat

Mary | Satoshi Club: Of course 😀

Sapp Chat: Thanks for the question

We came up with the SappChat idea around 2019 as a result of a need in the market:

For instance mobile applications have become an integral part of today’s phones that contain multimedia features such as text/audio/video chats, group chats, message notifications, status updates, and media sharing.

Gold Rocket | Satoshi Club: Yes! it is very relevant😌

Mary | Satoshi Club: A lot of features! Very interesting!

Sapp Chat: The use of mobile applications exceeds the use of social networking websites, with the most prominent applications being WhatsApp (with over a billion users), WeChat (with more than 900 million Chinese users), same goes to Facebook, Viber etc.

Today, no Interpersonal communications and financial operations are private and safe anymore. More so, mobile payments, money transfers, and shopping are not excluded from these types of privacy violations in most countries worldwide.

For detailed reasons, please check our “ABOUT” Page: https://sappchat.com/about/ and Whitepaper: https://sappchat.com/docs/

Mary | Satoshi Club: Sure! We will definitely check this!🚀

Thank you for your intro😀 are you ready to dive deeper into the details with the questions from our community?

Sapp Chat: Still answering the above question in detail.

Mary | Satoshi Club: Sure 😃

Sapp Chat: Sappchat is a game-changer in the use of mobile messaging. In Sappchat, we aspire to return to each individual worldwide the control over personal safety and privacy and, most importantly, the control over their life.

SappChat is the world’s first Decentralized Messaging App with integrated Decentralized Banking powered by Blockchain and Artificial Intelligence Technology.

Mary | Satoshi Club: Why you need blockchain for Sappchat?😃

Sapp Chat: Sappchat fully implements Blockchain technology and its bullet-proof encryption to ensure the complete privacy of users.

🆗

Gold Rocket | Satoshi Club: Thank you very much for your answers! ready to move on to questions from the community? 🙂

Sapp Chat: Yes please.

Q1 from Telegram user @h1drX

One of the unique and innovative features introduced in Sappchat is the integration of Artificial Intelligence (AI) technologies in the application. Many platforms use artificial intelligence for multiple algorithms that determine certain things, so I am interested in knowing what artificial intelligence is for in Sappchat. What are the applications that you give to artificial intelligence in Sappchat?

Sapp Chat: The Artificial Intelligence feature  provides new services within SAPPCHAT Messaging App for better user experience. This helps for a high level of  optimization, to better utilize blockchain and to provide adequate service quality that would support high capacities on both the communications and financial transactions happening on SappChat App.

For example, with this unique feature, users can better understand who they are chatting with, which will invariably improve their chatting experience. It learns from the user pre-typed responses or messages, and helps make smart responses when the need arises.

Sappchat’s AI would also allow users to use their voice to take action, search for exchange and protocol partners, surf contacts and manage the user’s wallet seamlessly without touching the device.

Gold Rocket | Satoshi Club: What interesting tools and features!

Sapp Chat: Lastly,Sappchat’s AI embedded technologies would provide users with financial predictive analytics and insights on cryptocurrency trades. i.e. the technology will track the values of cryptocurrencies and their trade and will offer Sappchat users recommendations based on financial predictive analytics, including exchange rate forecasts and expected completion of transactions.

Mary | Satoshi Club: Pre-typed responses? It will be like T9?

Where you will get this analytics? Will third parts be involved?

Sapp Chat:  Not much involvement, as we would use few existing API to make this possible.

Q2 from Telegram user @xperia3

People care about their privacy and data. The latest incident with Whatsapp proved this. Many Whatsapp user abandoned Whatsapp due to privacy issues and moved to other apps which provide better privacy. Please give some information about the privacy level of Sappchat. How private will be the users chat and data? Do Sappchat use the data from its users? How decentralized is Sappchat and how much do Sappchat team determined to stay decentralized?

Sapp Chat: SappChat is a fully decentralised platform with the help of end-2-end encryption where nobody except the interlocutor  can decipher the chat messages.

We use top-notch end-2-end encryption technology and the release version of the application will contain it in a full-form. That means, we don’t have any way to decipher the information from chats, only participants can read their chat. Fully anonymous and impossible to penetrate.

On top of that, our data is distributed through secured channels(https) following best practices and the storage protected by being hosted on the private cloud network. Internal communication on the server also happens over the private (VPN) networks only. The system supports more security standards and compliance certifications than any other solution on the market, including PCI-DSS, HIPAA/HITECH, FedRAMP, GDPR, FIPS 140-2, and NIST 800-171.

While we can’t reveal all the details by the matter of the subject itself, you can be assured that data privacy & security is SappChat’s top priority.

Mary | Satoshi Club: Everything looks secure ☺️ btw, about additional security? Did you have any audits?

Sapp Chat: We have been audited by two reputable Auditing firms (CertiK and QuillAudits). The reason for making two audits is based on the fact that we take security and privacy very seriously.

You can find the two Auditing Reports here: https://sappchat.com/docs/  (download and read).

Mary | Satoshi Club: 👏👏👏 awesome!

Gold Rocket | Satoshi Club: safety first👍

Thank you for your answers! Ready for the next question?

Gold Rocket | Satoshi Club: Thanks for sharing

Sapp Chat: 👍🏽

Q3 from Telegram user @luk4jah

In the social media category,there are specific apps that are more popular in the non-English speaking countries.For e.g in China Wechat,Sina Weibo and Renren are popular there,while South Korea has KakaoTalk etc. Because of the increasing importance of mobile apps, does Sappchat have any plan to localized their app to fit the needs of people who speak other languages?If you have plans to localize your app,which top languages will start with aside English?

Sapp Chat: Spanish and Korean first.

Our website (https://sappchat.com/ ) is fully translated in Korean and Chinese language. It will be followed by Spanish, German, and more other localized languages in the future.

Gold Rocket | Satoshi Club: Do you have any ambassador programs?

Mary | Satoshi Club:As i know some social platforms prohibited in China😀 what will you do to prevent this from happening with SappChat?

Sapp Chat: Yes, we are currently working on the ambassadorial program. It is in the pipeline. Stay tuned for the announcement.

We have a dedicated legal department that is proactively working to mitigate such situations.

Q4 from Telegram user @Asela1112

Talking on Sappchat tokenomics, as a BEP20 token, only 40% $APP from the total supply is to be distributed among the community members during token sale. What will you expect to do with funds coming from $APP token sale? Other 60% $APP tokens are allocated as 20%- Marketing, 20%- staking liquidity, 10%- team & advisors, 5%- future development, 4.9%- community airdrop & lastly 0.1%- early backers. What is the purpose of this $APP token allocating method? I couldn’t discover any of burning mechanism & transaction fee of Sappchat tokenomics. How do you mitigate the price volatility & inflation rate of $APP without any burning protocal? Do you think, the price of $APP will be stabilized even in dump situation of the crypto market without burning protocals? Can you tell us what’s the transaction fee of $APP token? For what will transaction fee be used in Sappchat ecosystem? Or will you not incur any transaction fee in Sappchat ecosystem?

Sapp Chat: What we will do with the funds coming from token sale has been fully explained in our tokenomcs: https://sappchat.com/tokenomics/  under Fund Utilization. The purpose of the token allocating method is for proper organization, planning and to support our roadmap: https://sappchat.com/roadmap/  . We Actually have a burning mechanism in place. For example we have planned 10% of raised funds to be used for buyback and incrementally burn APP token after presale, which will help the price of sappchat to stabilize. This mechanism will also help the total supply to be reduced which would bring about appreciation in the token price.

Sapp Chat: ✅

Gold Rocket | Satoshi Club: where can we buy $APP

Sapp Chat: 📌 PHASE 5  IS NOW LIVE & ONGOING AT PRICE  $0.012 / 1 APP 🔥

✅ Listing  price will be about $0.1 🚀

You can participate here 👇👇

Token Sale

🖇 STEP BY STEP HOW TO JOIN: There are two sections in medium post to buy;

A . BUY WITH COMPUTER SECTION

B. BUY WITH MOBILE PHONE USING TRUSTWALLET

https://sappchatapp.medium.com/how-to-participate-in-the-app-token-pre-sale-96093e239fa8

Test SappChat MVP https://docs.google.com/forms/d/e/1FAIpQLScDgKQh6yZJF47-A9kYYyHCBr1shqDAkIclbB1ZYMJrfLMO4A /viewform

Contract Address: https://bscscan.com/address/0xa64ee256d51d52c31fec7eb5e372ac0c45a8a3f4

For More Info About SappChat;

Website (https://sappchat.com/ )   Twitter (https://twitter.com/SappChatApp )   Medium (https://sappchatapp.medium.com/ )   

Telegram Group

 (https://t.me/sappchat) Telegram Channel

 (https://t.me/sappchatchannel )Whitepaper/Audit report

 (https://sappchat.com/docs/ )Featured in

YahooFinance (https://finance.yahoo.com/news/sappchat-providing-safe-communications-financial-111900943.html )   NewsBTC (https://www.newsbtc.com/press-releases/sappchat-providing-safe-communications-and-financial-operations-on-the-blockchain/ )  BitcoinInsider   (https://www.bitcoininsider.org/article/112137/sappchat-providing-safe-communications-and-financial-operations-blockchain )

VESTING PERIOD: Ends in August 31st.  This is to ensure fair distribution of tokens. However, this can easily be reduced based on the progress Token Sales.

👉Earn more APP Tokens with your referral link.

Gold Rocket | Satoshi Club: Thanks for your answers😊

Q5 from Telegram user   @orlemys

SappChat offers an NFT Marketplace, but I couldn’t find much info about it. Where will you get your NFTs from? Can NFT creators use your platform as a developing tool? What are the genres of the NFTs you will offer?

Sapp Chat: Sappchain NFT marketplace is  where users can offer and purchase unique NFT artworks and stickers to enrich their communication experience. The NFTs can be browsed via the Sappchat store and purchased with one click by confirming the payment from the user’s wallet. The NFT is delivered to the user’s wallet and can be used in personal and group chats, benefitting Sappchat users with extensive options to personalize their communications with others

Mary | Satoshi Club: Which currencies we will be able to pay with? Any fiat?

Gold Rocket | Satoshi Club: How will the artists be selected? Do they need to pass KYC?

Sapp Chat: Acceptable mode of payment (Crypto) would be made available once SappChat NFT marketplace is Live.

We shall invite some artists personally based on their previous work, we are not conducting any KYC as the NFT platform is fully decentralized.

Q6 from Telegram user @KhaleesiTheCryptoLady

I saw on SappChat Telegram that using our referral link, we might earn additional $APP Tokens. Could you kindly provide additional information about this? How many referrals can we accept, and do you allow users worldwide? How will you avoid against cheaters and multiple accounts?

Sapp Chat: SappChat referral programme is introduced to allow Sappchat community members to become Sappchat’s advocates by recommending Sappchat App to their friends and family.

How many referrals can we accept: Participants can invite as many people as possible, so there is no limit to the number of people that can use a particular referral link.

Do you allow users worldwide? SappChat is a global decentralized messaging application. All users can share their referral link with friends, family and any groups they  belong to and enjoy a 10% bonus on every transaction made by each of your referrals.

Sapp Chat: ✅

Mary | Satoshi Club: Fantastic! You community has a lot of opportunities to earn😀

Thank you for your answers! And now the most exciting part of our AMA is near! Live part! Ready for it?🔥

Sapp Chat: Yes

Part 2 — live questions from the Telegram community

Q1 from telegram username @oichingla

Telegram is better than whatsapp, do you think Sappchat can be better than Telegram ?

Sapp Chat:

🌎 SappChat, connecting people around the world personally, financially, privately and securely.

For More Information About SappChat:

🔸Website: https://sappchat.com/

🔸SappChat Team: https://sappchat.com/team/

🔸Medium: https://sappchatapp.medium.com/

🔸Twitter: https://twitter.com/SappChatApp

🔸Telegram Main Group: https://t.me/sappchat

🔸Sappchat Roadmap: https://sappchat.com/roadmap/

🔸SappChat Tokenomics: https://sappchat.com/tokenomics/

🔸Telegram Dutch Group:https://t.me/sappchatdutchcommunity

🔸SappChat Token Sale page: https://sappchat.com/token-sale/

🔸Telegram Announcement Channel: https://t.me/sappchatchannel

🔸Whitepaper/Lightpaper/Audit Report: https://sappchat.com/docs/

🔸YouTube: https://www.youtube.com/channel/UClmwJ994EOksOscijyjnScg/featured

🔸Smart Contract Address: https://bscscan.com/address/0xa64ee256d51d52c31fec7eb5e372ac0c45a8a3f4

Q2 from telegram username @Rakshitx5

Hi @sappchat001👋

Sappchat is a perfect app for those who are in crypto but there are not many features for those who are not in Crypto. So your main focus is on the crypto audience only or you are focusing on bringing the non-crypto audience too?

O E: The main goal is to help global adoption of cryptocurrency, however we have features like chat, call, voice note, image sharing and gifs. We strongly believe these features are enough to attract non crypto users before they fully get into cryptocurrency.

Q3 from telegram username@AugusS7

Will this decentralized messaging application require an internet connection such as whatsapp and telegram? Or will it really work like the normal messaging used in each country?

Sapp Chat: Of course, SappChat decentralized messaging App requires internet to be fully functional.

Q4 from telegram username @BJosefina61

Are the Sappchat wallets self custody or is Sappchat responsible for the storage of the private keys? In other words, the accounts in Sappchat in that sense can be banned, and does this affect the money?

O E: Sappchat does not hold your tokens, but rather we have integrated Trustwallet into the application, hence you need Trustwallet in order to use Sappchat. Trustwallet is one of the most trusted crypto wallet and we have carefully integrated Trustwallet into the application as a non custodial wallet system.

Q5 from telegram username @JoanaZ

➡️➡️Sapp is an application focused on offer a chat features and the transaction of cryptocurrencies, so can you please tell us how much types of coins and token networks do you support ?

 O. G. Admin (Will never DM you without prior warning): We plan to expand to Binance Smart Chain and Ethereum Network in the beginning and any other network in a future as soon as Trust Wallet works with it. This will give us an opportunity to have access to all tokens circulating in such blockchain.

Q6 from telegram username @Zohaya

When will Sappchat app be available in Google Play and AppStore? Have you done testing it?

@sappchat001

Sapp Chat: 📌 OPEN TESTING OF SAPPCHAT MVP!

🔹The SappChat MVP  is currently available as Open Testing Early Access Beta on both AppStore and Google Play.

🔹We welcome our dear community to participate in this open testing by filling this form:

REWARD: $5000 worth of APP token will be shared among the 500 lucky People that will be testing.

Google form:

https://docs.google.com/forms/d/e/1FAIpQLScDgKQh6yZJF47-A9kYYyHCBr1shqDAkIclbB1ZYMJrfLMO4A/viewform

Q7 from telegram username @surendra040

@ogtothestar @sappchat001 @osopn  @vladimir_katansky

Can anyone use sapp chat freely or is there any cost or tokens needed to be hold inorder to use?

O E: Sappchat is free to use, you do not need to pay anything to use sappchat, nonetheless you would need App token in order to fully maximise the features on the Sappchat defi section.

Q8 from telegram username @arbestefy

More and more competitors are added to the market, which makes everything more exciting, risky and one should have maximum confidence and security when investing. What do you differentiate, why should the user choose this project?

Sapp Chat:

🌎 SappChat, connecting people around the world personally, financially, privately and securely.

For More Information About SappChat:

🔸Website: https://sappchat.com/

🔸SappChat Team: https://sappchat.com/team/

🔸Medium: https://sappchatapp.medium.com/

🔸Twitter: https://twitter.com/SappChatApp

🔸Telegram Main Group: https://t.me/sappchat

🔸Sappchat Roadmap: https://sappchat.com/roadmap/

🔸SappChat Tokenomics: https://sappchat.com/tokenomics/

🔸Telegram Dutch Group:https://t.me/sappchatdutchcommunity

🔸SappChat Token Sale page: https://sappchat.com/token-sale/

🔸Telegram Announcement Channel: https://t.me/sappchatchannel

🔸Whitepaper/Lightpaper/Audit Report: https://sappchat.com/docs/

🔸YouTube: https://www.youtube.com/channel/UClmwJ994EOksOscijyjnScg/featured

🔸Smart Contract Address: https://bscscan.com/address/0xa64ee256d51d52c31fec7eb5e372ac0c45a8a3f4

Q9 from telegram username @KhaleesiTheCryptoLady

🔥How do you prioritize users’ privacy and make every effort to establish a private and secure chat environment where users don’t have to worry about their data being stolen or leaked? What technique have you devised to ensure that none of these circumstances, such as data leaking or theft, occur on the Sappchat platform?

@ogtothestar @sappchat001 @osopn @vladimir_katansky

O. G. Admin (Will never DM you without prior warning):

If somehow hacker will acquire data from utmost secure private cloud server – he or she won’t be able to do much with since it’s encrypted. We have some secret sauces around that topic but can’t share much due to nature of this data. Nobody, even SappChat, will be able to decypher it. Only chat interlocutors

Q10  from telegram username @Yasmin1234

Attacks on your sensitive data are impossible. Can you please eloborate this? How can you be so sure about the security?

O. G. Admin (Will never DM you without prior warning): As mentioned before, end-to-end encryption algirthms guarantees stolen content cannot be decyphered. But before getting there, hackers has to breach #1 world cloud provider first.

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:

🔸Website: https://sappchat.com/

🔸SappChat Team: https://sappchat.com/team/

🔸Medium: https://sappchatapp.medium.com/

🔸Twitter: https://twitter.com/SappChatApp 

🔸Telegram Main Group: https://t.me/sappchat 

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 GoMeat and our guests were @Waqas_Siddiqi and @syed_hamed_ullah_quadri. The AMA took place on the 3rd of July.

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 Go Meat! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club: Hello, dear Satoshi Club community! We are pleased to announce AMA with GoMeat. Today our guests are @Waqas_Siddiqi @syed_hamed_ullah_quadri!

Mary | Satoshi Club: Welcome here @Waqas_Siddiqi @syed_hamed_ullah_quadri!

Waqas Siddiqi: Hello everyone! It’s our pleasure to present GoMeat today!

Mary | Satoshi Club: We are happy to have you here🤗
Let’s start our AMA 🚀

Waqas Siddiqi: Sure!!

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

Mary | Satoshi Club: And, of course, tell us more about Go Meat 😀

Waqas Siddiqi: My name is Waqas Siddiqi and I am the co-founder of GoMeat! I have 20+ years of experience of setting up and managing consulting practices and successfully delivering large scale tech project for some of the largest companies in the world – I started my career from South East Asia and after working in Middle East and Europe for few years, I am finally based in New Jersey in USA since last 6 years.

Since I ve been working in Tech space for a long time so I was truly fascinated with the concept of blockchains. GoMeat idea came in 2018 when we wrote our first white paper but we didn’t launched an ICO at that time as we wanted to prove the concept and business model first.

GoMeat is first of its kind business venture catering to $1.7 trillion global (halal+ Kosher) market, already in operations in United States with 200+ stores on-boarded on GoMeat platform with 6,000+ orders processed, generating a gross volume of $300K in 2020 – we have already proved the concept and have a valid business case for expansion globally.

Gold Rocket | Satoshi Club: Great background! thanks for sharing👏
You are doing a very necessary business!

Mary | Satoshi Club: Wow! Awesome concept 😁 So, it’s already working business! Could you tell how many team members do you currently have?

Waqas Siddiqi: We have an awesome team who are highly organized and passionate for the success of GoMeat – so far we are 15 team members excluding 5 co-founders who are organized in diff dept and geographically spread around the globe supporting GoMeat operations.

Gold Rocket | Satoshi Club: What event influenced the project the most?

Mary | Satoshi Club: Nice team!👏

Gold Rocket | Satoshi Club: Your business is international. I love how elegantly you do mass adoption of crypto! 😊
Thanks for the introduction, we will have a question selected for the Part 1, ready to start? 🚀

Waqas Siddiqi: I would say that the origin of GoMeat itself was a compelling event as it was based on a genuine problem existing in the market and there were no other trying to solve the problem and myself as a speciality meat consumer when did some research on market – it compelled to get it started and solve the problem for the community and then Covid had a huge impact on our business as we suddenly became very relevant in the “new normal”.
Yes! Sure.

Q1 from Telegram user @Manugotsuka:

⭐️ Reading your website is realized that your ICO was programed to the June 24th, but you didn’t do it, can you explain why? Also when is going to be your first official ICO?

Waqas Siddiqi: We are moving as per the plan – June 24th we started with the Pre-ICO event which will run until end of Aug – our plan is to launch our official ICO in September.

Mary | Satoshi Club: Can you tell us more about Pre-ICO event?

Waqas Siddiqi: As mentioned we are currently running a pre-ICO event offering 500k GOMT tokens with 20% bonus priced at $2.5/token. This would continue Burke end of Aug – we are offering 5% bonus on referrals (3% for referrer and 2% for referee). Our token is deflationary and we also have a burn mechanism as defined in detail in our white paper.

Mary | Satoshi Club: Do you already know on which platform your ICO will take place?
Everyone can participate?😁

Waqas Siddiqi: Yes! Everyone can participate! Let me send an executive summary for specific details.

Gold Rocket | Satoshi Club: Do your users need to pass KYC?

Mary | Satoshi Club: Sure!

Waqas Siddiqi:

Yes!! We are very respectful of all regulations and compliances specially because we already have operations in USA – there is a KYC process and we encourage all to initiate that process.

Mary | Satoshi Club: Thank you for sharing!

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

Mary | Satoshi Club: Ready to proceed?🎉

Waqas Siddiqi: Yes!

Q2 from Telegram user @Asela1112:

According to your Whitepaper, GoMeat business model developed on Hydra Blockchain system. Why do you build GoMeat Platform on Hydra blockchain network while more effective & reliable blockchains are available in crypto space nowadays such as binance smart chain? Did you audit your smart contract?How Does Hydra Chain helps to solve GoMeat problems?

Waqas Siddiqi: That’s a great question – let me answer Hydra and how it is aligned with GoMeat first.

Mary | Satoshi Club: Take your time 🙂

Waqas Siddiqi: Our primary Blockchain use case is to make the speciality meat industry transparent and traceable. We want to build upon the infrastructure which facilitates stores and the certification boards and so needed a chain that is closest to our model. Hydra stands out as our clear choice due to following key reasons:

1) Hydra provides a low and predictable transaction fee. Hydra Chain provides gas price predictability through a node governed mechanism and its binding to a fiat value.

2) Hydra is highly scalable and also offering UTXO accounting model that allows a single wallet to have multiple addresses and a user can send out hundreds of transactions from same wallet simultaneously.

3) Hydra offers gas royalty for businesses, an incentive for smart contract creators which is not available on traditional chains – while we grow our business on the chain, we will be rewarded based on our transactional economy.

4) And the key reason is that GoMeat is one of the early projects on Hydra chain and we are getting phenomenally strong advisory support not only from Hydra but also from the growing Hydra community.

We believe that we are align with their vision and our interests and benefits are mutual with a great support from the Hydra team and so we ended up deciding to build up our use case on Hydra.

Also our smart contract audit is almost completed and it will be made available by early next week!

Mary | Satoshi Club: I see a lot of preferences for Go Meat from using Hydra👍 but do you know, that we are living in cross-chain time now😂 didn’t you think that you can add more blockchains support in the future?

Waqas Siddiqi: The best thing about blockchains in current era is that we are still in evolution phase. There is absolutely a possibility to cater cross-chains as we grow further and as it supports our business case as business case will always be the primary driver for all such decisions – we are already in close conversations with our Advisors on this front exploring our roadmap on this end 🙂

Gold Rocket | Satoshi Club: Indeed.

Mary | Satoshi Club: Super! You’re right 😀

Gold Rocket | Satoshi Club: By the way, please share your roadmap.

Waqas Siddiqi: So as you know that we are in operations since 2019 and have gone through considerable learnings on every front of the business that has gone into the roadmap development – although a very detailed roadmap is defined in section 10 of our white paper but just in short: we started with one store in New Jersey USA in 2019 and now we have about 200+ stores across multiple states in US – there are about 10000+ stores in US only with about $32 billion market size only in US.

So our focus is to expand in US first being one of the most mature markets in the world – as we grow in US, we will expand in parallel in Europe as we are already getting a lot of interest from UK as such a service is really needed there as well – I would highly encourage to review our roadmap in our white paper and join our Telegram group for any questions 🙂

Mary | Satoshi Club: Sure! Thank you for your detailed answer!
Ready to go to the next question?🚀

Gold Rocket | Satoshi Club: Can we proceed. Or you want to add something?

Waqas Siddiqi: Let me share some links here first for easy access for interested community members 🙂
Telegram: https://t.me/GoMeatToken
❓ Our Website: https://gomeat.io
📑 Whitepaper: bit.ly/35zZKjl
🛍 To buy GOMT: gomeat.io/icopanel/login
👉 Follow us on Twitter: https://twitter.com/GoMeatToken

Mary | Satoshi Club: Of course 👏👏👏

Waqas Siddiqi: Thanks! Let’s move on to next question 🙂

Q3 from Telegram user @NSZR1:

GoMeat will validate the products that it will offer through Certification, taking into account that there are several Certification Boards and Agencies across the USA and in each country globally, each with different quality standards, I would like to know how you plan to maintain control of standard quality of meat, if in each part of the world the characteristics that it must have to be considered of quality, tend to be different?

Waqas Siddiqi: Wow! Great question and I am glad we discuss it! So let’s keep in mind that GoMeat is NOT a meat seller – we are neither a certification authority or a religious body – we are a technology company providing a marketplace / platform where a consumer will have access to the meat stores of his choice, where the consumer can have the transparency of which certification board the store is certified from and where the consumer can have the traceability of the meat from the farm / slaughter houses – and where a consumer can order online and get it delivered at the doorsteps!

We will be working very closely with our key stakeholders such as Meat Stores and Certification boards globally and are not replacing them or their expertise but brining them on our platform for their benefits as well as it has a lot of value proposition for them too as defined in our white paper 🙂
Ultimately the choice will be with our customers and their feedback is very valuable as they will always be one of the most important stakeholder of our business 🙂

Gold Rocket | Satoshi Club: Sure! this is a truly unique solution👏

Mary | Satoshi Club: Hm, ok, but you will check all sellers for compliance, right? Or how this will work?

Waqas Siddiqi: Yes! We have a reward system for stores and one of the key criteria is that for they have to keep their certification updated and stay in compliance with the relevant certification board at all times!

Mary | Satoshi Club: Got it! So everyone will be sure in quality!
Thank you for your answers! Ready to go to the next question?😉

Gold Rocket | Satoshi Club: Thank you very much for your answers!
Can we proceed. Or you want to add something?

Waqas Siddiqi: Yes!

Q4 from Telegram user @DK177:

Delivering food and groceries to the door step is great because of this prevailing situation. However, many companies across the globe offer this kind of delivery services. You have pointed out three reasons to choose Go Meat, namely, free delivery with discounts, cashbacks and the referral program. Although these facilities are benefitial for customers, most of them are common to every delivery service. Therefore, what are your plans to face this competitive situation? What makes you unique? Why should customers choose Go Meat? According to your roadmap, you are going to make Go Meat a globally established business by 2025. Great! But that will need more effort. If you are going to introduce some unique features in the future, can you please explain about them?

Waqas Siddiqi: Another great question! So we operate in niche area of specialty meat (halal and kosher) and one of the reasons we started GoMeat was that none of the food ordering and delivery services even Uber Eats or others are offering halal / Kosher meat delivery. With this $1.7 trillion market globally and $32 billion market in US only there is a huge vacuum and an opportunity for us as this segment has not yet become noticeable!

Our biggest challenge still remains the adoption and scale like how fast we can scale where we become irreplaceable and our roadmap takes that into consideration and so is our funding utilization – as mentioned in our white paper about 50% of our funds generated will go into promotions and marketing as we understand industry practices and have enormous learning experience already – with this planning and funding targets we are confident that we will be able to scale and promote and become one of the next global players.

Lastly, there is a constant review of features and we continue to enhance our tech platform and with blockchain integration we will have a clear differentiator! Just to let you know that as I write, we are running a special July 4th Independence Day promotion in the US for our customers 🙂

Gold Rocket | Satoshi Club: And who can take part in this promotion? 🙂

Mary | Satoshi Club: By how much do you plan to increase the number of users due to the introduction of the blockchain?

Waqas Siddiqi: Wherever GoMeat is currently available in USA ie 200+ stores in New Jersey, Chicago, Dallas, Houston, Austin, Philly, Atlanta, Orlando, Miami, Tampa 🙂

Gold Rocket | Satoshi Club: Are you planning to expand the markets of other countries?

Waqas Siddiqi: Blockchain is a clear differentiator providing transparency and traceability – as of now we 4500+ customers – we plan to take our consumer base from current to atleast 150,000 by 2025 – considering a market of 1.8 billion consumers world wide – it is still a conservative number 🙂 pls refer section 10 of our roadmap in white paper for more details!

Mary | Satoshi Club: I love this conservative numbers😍😂

Waqas Siddiqi: Yes! As mentioned earlier, we are already a lot of people reaching out from UK and Germany for such a service availability! However, while we are exploring and gauging interests, we are focused on our roadmap for execution.

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

Waqas Siddiqi: Yes!

Q5 from Telegram user @Highpee:

Currently, you have 3 apps for customer, partner and drivers. But looking at your roadmap in Phase 2, you have an upcoming plan to integrate crypto wallet and Crypto payment solutions into the GoMeat platform. Does this mean that you will be creating an additional crypto wallet app for this? And for the crypto payment solution, will this only be used for transactions that happens within the GoMeat platform or you plan to diversify into payment services that can be integrated into various e-commerce or financial platforms? Will this be able to provide FIAT on ramp and will you have your own debit card which could further simplify the payment process?

Waqas Siddiqi: As of now our plan is to integrate crypto wallets to our existing apps and wallets – also it will be beyond GoMeat platform and we will integrate with payment services beyond GoMeat platform – also if you evaluate our business model closely we are a transaction based company where we earn revenue on each every every order / transaction, with complete control on the cash flows – the more volume we are able to generate the better it is. We will consider debit cards as well to simply the payment process!

Mary | Satoshi Club: So, users will be free in their choice – fiat or crypto, right?

Waqas Siddiqi: Yes! As transition to complete crypto will take some time and we have to offer this flexibility.

Mary | Satoshi Club: Cool! Thank you for your answers! And only 6th and last question left from this part! Ready for it?🔥

Waqas Siddiqi: Yes!

Q6 from Telegram user @orlemys:

Currently, you are partners with stores in 15 different US cities and you’ve been in business since 2019. However I could note you have a delivery limit of 25 miles, this makes me curious, have you expanded this limit since your launch in 2019? Do you plan on expanding this further, or is it impossible because of food freshness? Also, how do you hire delivery people, and do they receive token bonuses and benefits? How has covid affected them specifically and how have you offered your help as they are the most vulnerable to infection? If you have, what have you done specifically?

Waqas Siddiqi: Halal/ Kosher consumers are spread out and the stores are also not available everywhere in US – we have experimented with our delivery radius. 25 miles gave us the best response in terms of accessibility to store / consumer and as well as freshness – however, let’s keep in mind that 25 miles radius can be delivered in 30 min in NJ but can take more than an hour in Chicago city due to traffic. So we have to review the radius for each city / area accordingly based on these factors – some people drive 200 miles in mid-west US to get Halal meat!

For the question on drivers on-boarding pls note that we have 3 major stakeholders and a firm and different approach and plan for each of them: 1) Stores 2) customers and 3) drivers.

Mary | Satoshi Club: I hope that fast delivery thanks to you will soon be available quickly in all parts of the world!

Gold Rocket | Satoshi Club: Thank you very much for your answers! Now get ready for the most impressive part of our AMA! live questions! 🚀

Waqas Siddiqi: We have a great learning so far on identifying channels and mediums where we can get drivers on-boarded – our drivers are also key stakeholders and we take care of them not only because we can lose them to competition but as a company policy!

We will have a token reward system for our drivers too as mentioned in our white paper and during covid we made sure to provide them not only with extra allowances but provided them with masks and sanitizers and encouraged both (customers and drivers) for contact less deliveries for their safety – none of our drivers were impacted by covid!
Yes!! Let’s do it!

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @pakna1:

Hello Sir,

What is your top 3 things for GoMeat Platform priorities in 2021? Also Can you expand our knowledge about Gomeat platform Roadmap this year and the future and any Updates on your Research and development progress? And What results Gomeat has achieved so far? How do you assure us of the benefits, safety and transparency of GoMeat? Please tell me, How much progress has been made on the Roadmap of the GoMeat Platform? And What are your upcoming plans or events?

Waqas Siddiqi: GoMeat has come a long way since 2019 – proving a concept with 200+ stores and $300k in volumes in 2020 speaks for itself with limited funding! Our top most priority is Adoption and Scale that means increase our number of stores, customers and delivery network – and so is the main reason for our ICO! We plan to expand in USA and explore in parallel few European markets as well as mentioned above.

Q2 from Telegram user @mobilejii:

✅✅ Many projects are being abandoned after few months once they get attention . So how experienced is your team and what plans do you have to work in the long run?

Waqas Siddiqi: We are in business since 2019 and are an actual revenue generating company! This shows our commitment to our venture. GoMeat founders are highly recognized and accomplished individuals and nothing is more important for us than our credibility! We can assure our best efforts, commitment and passion to take this venture to next level of success. Please review all team members profiles on LinkedIn 🙂

Q3 from Telegram user @Indomiekuy:

GoMeat claim that you have a very valid real life business case with an actual need of such services for all of your user (customer, store, community). But i just wonder, what are the real life business case looks like, maybe you can give the example about that?

Waqas Siddiqi: Some communities are very strict in ensuring if the meat is halal or kosher or not, to the extent that they don’t dine or eat in restaurants which does not offer that! They travel miles to get this kind of meat and pay extra premium as halal/ kosher meat is expensive. These are reasons driven by strict religious guidelines or just because health concerns – We are trying to solve this genuine problem and have proven the concept – the use case is to procure meat for these community members ensuring it’s halal or kosher as per their needs.

Q4 from Telegram user @BJevery632:

So you have given what utility your GOMT has and why it should be bought/held. What then would keep the supply down? Besides the initial burn? What will keep the tokens from being oversupplied?

Waqas Siddiqi: We are launching a deflationary token – our total token supply is 5 Million GOMT out of which only 2.5 million will be available for purchase in this ICO. All tokens allocated to GoMeat team are vested with a gradual release plan – All unsold tokens will be burned and then we have a constant burning mechanism linked with GoMeat revenue generation – as it is a utility token with all details defined in White paper, we are committed to put our best efforts to increase the utility and so the value of the token over the period of time. Pls review section 7 of our white paper for more details 🙂

Q5 from Telegram user @Pratze:

Do we only possible to order meat only? Have you sell other thing beside groceries and do user need to do KYC to order using your platform?

Syed hamed Quadri: Hello Robocop, please note that while our focus is on meat but customers can also order specialty groceries and food from our platform. A large number of our customers are neither Jew nor Muslim, our platform provides them with an opportunity to order from their local specialty/ethnic stores. To accomodate such customers, our platform also provides a “vegetarian” filter so they can browse the stores accordingly. A KYC is necessary to participate in our ICO.

Q6 from Telegram user @messilolz:

What are the coins supported to pay for GOMT on your platform? Does your platform support USDC and will you add other coins too?

Syed hamed Quadri: All major stable coins and crypto: ETH, BTC, LTC, HYDRA, USDC, USDT, BUSD, BNB, DAI, PAX are accepted for payment method.

Q7 from Telegram user @A_G_Balouch1269220:

How is your meat certification process executed? What makes it more efficient and accurate?

Waqas Siddiqi: The way it currently works is that all halal / Kosher meat stores have to get themselves certified with their relevant certification boards – there are multiple certification boards and the choice is driven by customers – if more customers are associated with a particular board due to their credibility, the more a store would want to register themselves with them!

The entire process is manual where a board representative reviews the store and check where they are procuring their meat from (farm/slaughterhouse) approved by the board – the challenge is that at times stores can mix all kind of meat (as non-halal / non kosher meat is not that expensive) and customer may not realize that and so results in this trust deficit – with the transparency we are bringing – it will be very transparent to all and will facilities not only the consumers but all help automate the process for certification boards, farms and stores!

Q8 from Telegram user @mucana:

GoMeat’s goal is to win the COMMUNITY. Do you believe in the power of community? And do you have local community formations? Do you have language solutions especially for customers who live in places where English is not well spoken?

Waqas Siddiqi: We strongly believe in communities and their constant betterment of the society! We are an all inclusive company and as per our data points which was very surprising for us too is that more than 50% customers are neither Muslims or Jews who are the primary consumers of halal / kosher meat – this gave us huge encouragement as we are serving cross communities and this also justify the huge market size as well! Our primary goal is to solve an every day problem of the communities and serve them better! Our current non-blockchain apps are available in multiple languages already and are available on Apple App Store and Google Play store in North American region.

Q9 from Telegram user @meinswalker:

🌈Give one reason why we choose you over your competitors as there is much competiton ?🌈

Waqas Siddiqi: We are serving a niche segment where we are the first halal /kosher meat online ordering and delivery services – we are already 200+ stores, 4.5k customers ahead than any competition which may come. It’s a huge market segment and we believe that there will be a competition soon! Therefore our biggest challenge is how fast can we scale and become irreplaceable for any large players in the market who have not yet focused on this niche! This is the primary reason of our ICO as well – Adoption and Scale to next level when we have already proven the concept and business model, based on enormous learning curve we have developed over last 3 years or so!

Q10 from Telegram user @KhaleesiTheCryptoLady:

Researching on your website, I am amazed that #GoMeat has literally an actual use case and it’s a real business, which is great! But how will #GoMeat dealt with regulatory issues or other limits when it comes to bridging the gap between cryptocurrencies and real-world business? When did you start tokenizing your business, and why did you decide to create a token out of it?

Syed hamed Quadri: Yes, GoMeat has been operational and generating revenue since 2019. We will be expanding globally starting 2022. GoMeat has a highly qualified legal team which is working closely with us to handle all regulatory issues. As per current regulations of European nation our term & conditions, term of sale and privacy policies has all the details of regulatory compliance Our whitepaper was written back in 2019 and our vision had always blockchain intgration but first we wanted to establish our business case thus after 2 years of business we this is the perfect time to expand our operations and introduce GOMT utility Token.

Part 3 – Quiz Results

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

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

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
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Telegram Channel: https://t.me/satoshi_club_channel/
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Website: https://esatoshi.club/

Our partners:
Telegram Community – @GoMeatToken
WebSite – gomeat.io

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from RARA, the NFT value discovery system where amazing NFTs go viral and get discovered. The AMA took place on July 2 and our guests was Raina, a global ambassador and community leader of RARA.

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

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

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

Andres M. | Satoshi Club:  @Raina_RARA welcome to Satoshi Club, we are glad to have you here!

Raina: Hello everyone.Excited to be here with Satoshi Club community.

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

Raina: Sure.  I am Raina, a global ambassador and community leader of RARA. I’ve been in the crypto industry for many years. I used to be an angel investor and global ambassador for many projects. And then I found RARA, a great NFT value discovery platform.

In RARA project, I am responsible for the explanation and promotion of RARA to let more people know and understand the characteristics and potential of RARA.

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

Raina: RARA is the NFT value discovery system where amazing NFTs go viral and get discovered. Through the combination of gamified mystery box mechanism and expansive NFT marketplace, we usher in a brand new era for NFT fans.

Andres M. | Satoshi Club:  What is the meaning of RARA?

Raina: RARA is Latin for “rare”, a fitting moniker for a token that serves as the global gateway to discover the most creative, luxurious, and valuable NFTs, while the RARA token, which powers RARA, serves as the primary means of unlocking unique NFT creations through Mystery boxes, and the main token accepted on the largest NFT marketplaces for paying for rare artistic items via deep discounts.

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

Raina: Sure. I would like to list those features of RARA:

The first one is that RARA is the NFT + DeFi Game-changer: RARA merges DeFi with the game oriented mystery box NFTs to realize staking and yield mining.

2nd is RARA is a 100% fair launch project. There is no team reservation, no pre-mining, fair launch to everyone at the same time.

3^rd, RARA has a large number of IP resources, including games, AV stars and arts, all of which are the top IPs in various fields.

4^th, RARA has the most scientific NFT valuation system: The most advanced oracle algorithm is used to estimate the value of NFT to ensure its market value.

5^th, innovative high-yield game rules Gamified NFT mystery box, low threshold, new and diversified income.

6^th, Unique NFT social circle and social economy, IP creators, fans and liquidity providers are bundled to increase the interaction and strengthen the value consensus of NFTs.

7^th, a truly decentralized NFT trading platform with RARA DAO. The community has the most governance power, from putting NFT online to setting the rules of the mystery box game, the valuation of NFT, and the governance mechanism. RARA DAO member can get the discount of transaction fees and higher mining reward.

Q1 from Telegram User @yellowchamp

As your mission is to bring the world’s best artists, brands, and IP’s to the largest global audience of buyers. For my own opinion to achieve your mission you need a heavy marketing strategy to be able to reach the global market and audiences, so what advertising and marketing techniques you are going to engage to be able to reach audiences globally? Do you plan to integrate with some bigger platforms like in TV or YouTube to reach more audiences? To acquire best artist and brands, you really need a big fund to do it, so as a new platform in the market how will Rara provide funds to acquire some bigger artist and brands? How will your platform deal with them? Thank you.

Raina: Actually RARA has exclusive partnered with some finest IP owners, and leading entertainment & media groups which share the same strong interest in exploring the booming NFT and metaverse space. Let me show you an example, RARA recently reached a strategic partnership with VIDYX. VIDYX is a project incubated by VIDY a famous blockchain technology advertising company in Singapore.

VIDYX can be regarded as a subsidiary of Vidy which has over 150 million users and partnerships with more than 75 leading media, publishers and companies from all sorts of fields, including VOGUE, Lancôme, Binance, and subsidiaries of Singapore Press Holdings (SPH), such as AsiaOne, Esquire, Robb Report, Buro247, The Peak Magazine, CNN, CNBC, SindoNews, Okezone, Harper’s Bazaar, Women’s Weekly, L’Officiel, Mothership, AsiaOne among many others (See website www.vidy.com  for full list). Backed by its parent company Vidy, VIDYX enjoys abundant IP resources, technology development, etc.

Through the partnership, RARA can obtain a large number of IP resources, and through these IP resources, RARA can quickly obtain more user to the platform.

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

Raina: Yeah. More partnerships are on the way.

Andres M. | Satoshi Club: Congratulations, that’s the way to build a big ecosystem.

Raina: Actually our platform has not officially launched.But the launch date will be very soon.

Q2 from Telegram User @victorogb

The RARA economic model is built around three core modules which are; Mystery Box Mechanism, RARA Marketplace and RARA tokenomics. These modules play a critical role in shaping all activities carried out on RARA platform. Within these modules is the unique NFT valuation system, the RARA gamification series (mystery boxes), the RARA token utilises, buy back and burn mechanisms. With direct emphasis on the RARA buy back and burn mechanisms, how is the full inflationary feature adopted by RARA, effectively incorporated within its core economic modules, and with RARA mining pools, what are the processes and available pools?

Raina: Firstly, I would like to explain RARA economic mode.

RARA, as an NFT platform, provides IP creators with a platform to create NFT and native NFT trading assets. NFTs generated by IP creators are priced and traded through RARA token. At the same time, IP creators publish their own NFTs through social platforms to attract more users to trade their own NFTs on RARA platform. After all, some of the benefits of these NFTs in the future trading process will be fed back to IP creators. In other words, the more frequent NFT transactions generated by IP creators, the higher their returns, the more liquidity providers the market needs.

With the development of IP creators and gamified mystery boxes, more and more liquidity will be needed in RARA marketplace, and liquidity providers can also get more income. The output of new RARA tokens will stimulate new mystery box output and NFT trading, and the benefits generated by these exchanges will be fed back to each role of RARA platform. At the same time, the NFT valuation system on RARA platform will provide all users, including NFT pledgers, with a reasonable NFT secondary market transaction price for reference, so as to protect new users’ judgment standard of NFT assets.

For more info about buyback and burn, you can refer to this article: https://medium.com/@RARA_NFT/raras-economic-model-d57b21401c69?source=social.tw

Andres M. | Satoshi Club: Where we can buy RARA tokens and what are its usecases?

Raina: For now, RARA token has been launched yet. But after the platform be online, you can mine RARA token through mining on RARA platform.

Gold Rocket | Satoshi Club: What are the benefits for hodlers?

Raina: For RARA holders, voting power will be given in the platform’s DAO. And of course, the holders can also enjoy the price increasing.

Andres M. | Satoshi Club: Will be there miner pools?

Raina: Yes. Of course. For this part, we will release more info very soon. Pls pay attention on our announcement channels

Q3 from Telegram User @Jonahapagu

RARA’s DAO module which allows users to make proposals, vote, and enjoy membership benefits, is said to employ quadratic voting to prevent whale dominance and ensure an ongoing democracy among your community… so how does RARA implement quadratic voting in its DAO module, is this done in partnership with any voting platform or is this an in-house implementation, and what other significance will the implementation of Quadratic voting bring to your DAO module when compared with other models.

Raina: In fact, we have not completely determined this issue. We have been studying the logic of Quadratic Voting. The more possible direction is that we will add our new design to the original voting platform and then use it for RARA.

Andres M. | Satoshi Club: Btw, could you share us the roadmap of the project? What’s the greatest event coming for RARA?

Raina: Sure.Firstly, we will launch the mining mode of DeFi + NFT while the platform is online. RARA amalgamates DeFi with gamified Mystery Box NFT by allowing staking and yield farming. Farms and staking pools will be provided to mystery box owners to stake and earn so early participants are attracted at no cost to the platform.

And RARA will build the world’s first decentralized marketplace for Mystery Boxes, allowing for both the trading of dropped treasures and of IP NFTs inside unlocked boxes, as well as potentially the trading of unopened mystery boxes in the future.

And of course, we will release some IP NFTs, including games, AV stars and arts, all of which are the top IPs in various fields.

Q4 from Telegram User @Jmagsss

I can see that in your platform, you plan to stake NFT exchange of rewards. How would you calculate the hash power of each NFT and the amount of RARA token rewards to the NFT holders? Will it be based on rarity and quantity?

Raina: Yes. It will be based on Rarity and Quantity. There are two types of mystery boxes that exist on the RARA platform – IP Boxes and System Boxes. System Boxes is for NFT staking. Each System Box unlocks either a rare pet (Zebra, Shibu, or Possum) or a food item (Zebra Flower, Shiba Rice, Possum Fruit) to collect in bulk in order to attract a rare pet.

Once a user has a rare pet NFT in their possession, they have the option to stake their NFT and earn more RARA per block as they now get a proportional piece of the System Farm token emission. Each system box NFT has its corresponding hash power by which the System Farm would calculate the reward share. And the specific data will come out after the NFT staking goes online.

Andres M. | Satoshi Club: Do you have some designs of those NFT to share us?

Raina: This is one of our system NFT box.

Q5 from Telegram User @luk4jah

HI RARA

In the System Box Rarity System each system unlocks either a pet or food item to collect them in bulk in order to attract rare pet. Will users have to stake their NFT to unlock these boxes to earn more $RARA? What corresponding hash power does the system have? Can you please give us a sneak peak of those rare pets and tell us how this system works as regards to the rare pet and food that are used to attract those pets and what will be the percentage of a user that unlocks each system boxes.

Raina: Because RARA platform has not launched yet, and the NFT mining has not started, so I am afraid that I cannot tell you the specific peak or percentage. But the system Boxes are also a kind of mystery boxes. They are needed to buy through RARA token. And to obtain RARA token, you need stake the LP token of a pair tokens. More details will be released after RARA goes online.

Q6 from Telegram User @emidm28

A few days ago the First Class of RARA Cram School was held. How often will these classes be held? Are these classes open to all users in the community? Can we participate in as many classes as we want or are there limited seats?

Raina: In order to help the community, understand RARA more quickly, we have a RARA NFT School class in the community every Thursday. Every time the questions will be collected and selected from Twitter and community, please continue to pay attention to our Twitter announcement.

Andres M. | Satoshi Club: That’s great, and do you have the ambassadors program yet?

Raina: Here is the recap for 2nd class https://medium.com/@RARA_NFT/recap-the-2nd-class-of-rara-nft-school-846f480c0681

Wow, we just published it 2 hours ago. https://twitter.com/RARA_NFT/status/1410988604655083530

Andres M. | Satoshi Club: Great idea, knowledge is the key.

Excellent news. Satoshiclubbers let’s join, big rewards for you.

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram user @beerskit

Today I read the news about Ethereum exceeded the Bitcoin today as wallets. Is it 100% certain that you will launch RARA with BSC blockchain? Any plans for Ethereum?

Raina: Yeah. The gas fee is always a painpoint of Ethereum network. And we also considered this point, so we deployed our platform to BSC network. And here we have more space to develop our ecology.

Q2 from Telegram user @zhonmacro

Which do you think is more important:

1. Community. 2. Investors. 3. Token Price. If all of the above is important to you which should come first?

Raina: We do think that the community is the most important for us. RARA aims to make a truly decentralized NFT trading platform with RARA DAO.

The community of RARA has the most governance power, from putting NFT online to setting the rules of the mystery box game, the valuation of NFT, and the governance mechanism. RARA DAO member can get the discount of transaction fees and higher mining reward.

Q3 from Telegram user @nadee5

RARA token and vRARA token. Why are there two different tokens and what are the use cases of these tokens? What are the benefits of holding these tokens?

Raina: RARA token is the platform token. It bears three roles within the RARA platform:

Governance token: The core function of the RARA Token is to be the governance mechanism for RARA itself. The token is intended to align incentives between various stakeholders within the ecosystem to promote sustainable growth and fair governance.

Payment &Fee: RARA Token also serves as the medium for transactions. Such scenarios include using RARA as a payment method or paying fees for using RARA. Users can purchase mystery boxes using RARA token while buy and sell on RARA Marketplace and pay the transaction fee in RARA token.

Incentives: To bootstrap RARA liquidity, mystery box market and marketplace, mining pools and farm are provided to liquidity providers and mystery box owners.

And vRARA token is the one only for RARA DAO system. That means vRARA is the voting token of RARA which is non-tradable but gives a user the voting power on governance proposals. Each vRARA will count as one vote towards a proposal. It also determines one’s membership level and thus determine the benefits he/she enjoys

Q4 from Telegram user @cockroachesgaing

As you know, RARA and VIDYX are establishing a strategic partnership in which both sides will acquire their respective strengths and share resources to highlight NFT values. Now my question Is, how will this partnership benefit both platforms? And how long can this partnership last? And Can you share more information about the partnership?

Raina: Through this partnership, RARA and VIDYX will jointly develop more quality IPs and find more creators. By giving full play of the NFT platform and solution provided by RARA, the two parties will promote the prosperity of content economy and creation economy.

Q5 from Telegram user @highpee

RARA has a lot of great features but I can’t find your OFFICIAL WEBSITE. Does it mean that you don’t have a website or am I the one who is not searching rightly? Kindly help me with this and other repository that I can use to get to get enough info about what RARA has to offer.

Raina: Sorry for your inconvenience. Cuz our platform has not launched yet, so we did not show the website to people. But I think I can share a little of our web to you SatoshiClubbers, for thanking for your hospitality.

Q6 from Telegram user @obulin

Wish you a great success in your project.

Few hours before, I saw a recent announcement in RARA twitter about RARA global ambassador program – RARA guardian angels. Big rewards $10000. Who can apply for this RARA guardian and is this similar to moderating the community?

Raina: Yeah. Thanks for your attention. Our global ambassador, we named as RARA Guardian Angels, are kind of partners, not only for moderating community. They should contribute to:

• Social Media engagement
• Partner outreach
• Content Creation
• Community Engagement
• Testing RARA products
• Helping drive Governance
• Establishing and growing regional communities

On top of the experience, the angels’ reward pool totals up to $10000 per month (pay by $RARA) and will increase accordingly to RARA community’s participation and contribution.

Who can be a RARA Guardian Angel?

Anyone! We encourage everyone with a passion for NFT looking to foray into crypto space and supporters of RARA to apply. We are looking for:

NFT enthusiasts who want to explore the space working closely with the RARA team; Active members of the RARA community; Contributors with a creative touch be it content creation, memes, gifs, infographics, charts and more.

Q7 from Telegram user @Indomiekuy

I learn from your site that RARA tokens will be initiated through mining on RARA platform also RARA has no max cap and operates on a fully inflationary and burning model.  How will be the burning system work for RARA token?

Raina: So many friends are interested in the burning & buyback mechanism of RARA. Good. Let me introduce it to you.

RARA operates on a fully inflationary and burning model. In Secondary NFT Markets, RARA receives revenue (5% trading fees) for Non-RARA Sales (5% trading fees). 70% of these revenue will be used for Buybacks of RARA and then Burn.

In Mystery Box section, RARA receives revenue (5% trading fees) for each IP mystery Box that is purchased by users on the site. 50% of these revenue will be used for Buybacks of RARA and then Burn. In Mystery Box section, 30% of the total revenue of System Mystery Box for Buybacks of RARA and then Burn.

In Mining Pool section, 5% of the Yield on Mining Pools is for Buybacks of RARA and then Burn. 100% withdraw fees in the pool (withdraw in 72 hours) for Buybacks of RARA and then Burn.

Q8 from Telegram user @cryptonation2

How do you plan to raise awareness of RARA platform in global level? If you have any ambassador programme available do you accept from all regions and how may I apply for it?

Raina: In fact, our platform has attracted the attention of many influential people. Recently there is a big influencer helping to promote our project. And the number of these people is gradually increasing. I believe that with the launch of RARA platform, more people will pay attention to RARA. Of course, we have also formulated a fairly complete market plan, so there is no need to worry about this.

Q9 from Telegram user @PyaraLarka

Any $RARA earn program? If yes, then share with Satoshi Club Thank U.

Raina: Yes. Actually we are holding bounty programs every week. If you joint our community, you will know that. Pls join and follow our channels to get these programs to earn RARA. Twitter: twitter.com/RARA_NFT

Telegram Announcement: t.me/RARA_Announce. Telegram Chat: t.me/RARA_Global.     

Q10 from Telegram user @tumarjonno

Its little confusing what’s your business revenue module to run your project with zero fees on deposit, withdrawals and performance fees? will there be possibility of adding fees in the future?

Raina: To learn our revenue model, here is an info graph to help you.

---

PART 3, QUIZ AND INFO

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

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

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

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

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

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

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

Twitter: twitter.com/RARA_NFT

Telegram Announcement: t.me/RARA_Announce

Telegram Chat: t.me/RARA_Global 

PART 1. Introduction of Qredo project and community questions.

 Hello, Satoshi clubbers and guests of this site. Let’s talk today about project with Blockchain interoperability, lightning-fast settlement and secure decentralized custody.

Qredo –designed and developed by veteran cryptographers, cybersecurity leaders, blockchain technologists, high-performance app makers and capital market entrepreneurs.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mihai Pisica – @MihaiPisica

Luis Merino 🇪🇸 | Satoshi Club – @LuisMe7

The Representative of the project:

Brian Spector – @brianspector

Sonny – @Bowtiesarecool

Josh – @JoshGoodbody

Introduction of Qredo project.

Mihai pisica:

Hello satoshiers! Sunny day outside and a wonderful time for the ama )

Luis merino 🇪🇸 | Satoshi Club:

@joshgoodbody, @Brianspector, are you there? 😉

Brian spector:

Ok sorry I’m late. Hi I’m Brian from Qredo. Sonny are you here too to hold my hand?

Luis merino 🇪🇸 | Satoshi Club:

Hello Brian! Nice to meet you. How are you today?

Brian spector:

I need a shower. 😀 Well, it’s been a busy week as you can guess. I’m pretty tired but fired up to. How are you doing?

Luis merino 🇪🇸 | Satoshi Club:

Satoshi Club will give you a shower… Of questions 😅

We are waiting for one of our mates to add your teammate Josh as an administrator 😊🙏🏻

Brian spector:

Josh needs to be unmuted I think, could you do that? And made admin.

Don’t make me admin, I hate technology.

😅 Joking of course. I love blockchain. 😅

Brian spector:

I’ve been in crypto all my life. The crypto business before there was a blockchain industry. I cut my teeth as a developer working for an enterprise encryption company. I was horrible. Just simply not a good dev.

Luis merino 🇪🇸 | Satoshi Club:

Me neither 😅

Josh:

Josh here! Hey folks 🤝

Luis merino 🇪🇸 | Satoshi Club:

Seems like josh is already an admin! Welcome josh.

Brian spector:

So, I worked my way into sales at RSA, selling the RSA algorithm to folks like Microsoft.

Luis merino 🇪🇸 | Satoshi Club:

Sorry for the delay 😅

Brian spector:

And then I’m here!!

Josh:

Let’s go 🚀

Brian spector:

Ask me anything.

Sonny | does not pm/dm first:

I was born for this!

Brian spector:

Hi josh where were you born?

Luis merino 🇪🇸 | Satoshi Club:

Another guest! Hey sonny 😊😊 3 guests, 1 moderator, this is not going to be easy 😉😂

Luis merino 🇪🇸 | Satoshi Club:

So, guys, can you please make a short intro about yourselves and about Qredo?

Brian spector:

Ok, I will continue.

Luis merino 🇪🇸 | Satoshi Club:

(Brian has ready introduced himself, but you can tell us more about you) 😄

Brian spector:

At RSA I then ran a product line called bsafe. Very geeky stuff. I went to an hsm company called ncipher and ran product there.

Then I had my own startup called Miracl. We had a low leve cryptographic library for chip manufactures to speed up their crypto processing in silicon. The bitcoin happened. And I realized, I was wasting my life. I tried to sell my company fast, so I could work in blockchain.

That’s how I met, Anthony, the CEO. He tried to buy Miracle. I totally screwed it up. But we remained friends.

Luis merino 🇪🇸 | Satoshi Club:

We all realized 😂

Josh:

I’m josh, the COO here at Qredo.

I’m a lawyer by background (booo) but have spent the last few years scaling crypto exchanges such as Huobi (as their gc and head of institutions) and more recently leading EMEA for Binance.

Brian spector:

I finally got out of Miracl in 2017 and started Qredo with the crypto jockeys that helped me build Miracl.

Josh:

So about us….

Qredo is rearchitecting digital asset ownership and blockchain connectivity.

We are radicals, taking new approach to bring liquidity and capital efficiency to the blockchain economy.

Big brain Brian has helped Qredo pioneer the first decentralized trustless multi-party computation (MPC) custodial network.

This advancement enables Qredo to offer decentralized custody, native cross-chain swaps, and cross-platform liquidity access.

Brian spector:

Now i’m here and I am so blessed to have josh, anthony and everyone else

Luis merino 🇪🇸 | Satoshi Club:

Lawyer! 👀 Great background mate.

Brian spector:

I have a lot of help. I am a cryptographer if that helps. I have 5 zero knowledge proof patents and I’m really into post quantum stuff lately. And adaptor signatures. We’re all blessed to be in blockchain are we not?

Luis merino 🇪🇸 | Satoshi Club:

That’s amazing! Miracl created a huge friendship

Brian spector:

Some of these guys I’ve been working with for 10 years. It is like we have the same mind. Which is not great if you have stomach upset but other than that its awesome.

Luis merino 🇪🇸 | Satoshi Club:

Thank you for that short intro about Qredo 😀

Brian spector:

Zshan wants to get unmuted. Yes, that chap lovely guy, I’ve known for 30 seconds.

Josh:

All in good time!

Luis merino 🇪🇸 | Satoshi Club:

😂😂😂😂😂😂

Brian spector:

Oh, Miracl was an acronym for Multi-precision integer rational cryptographic library. Do a few shots of tequila and say that fast five times. Impossible.

Luis merino 🇪🇸 | Satoshi Club:

Without doing the shots… Impossible too 😂😂

Brian spector:

Yes. Worst name ever.

Luis merino 🇪🇸 | Satoshi Club:

So, I guess that community is waiting for the questions. Are you ready to start with them? 😉

Brian spector:

Will you hold my hand?

Josh:

Hell, yes 💥

Brian spector:

Thanks dad.

Preselected questions about the Qredo DeFi project.

Luis merino 🇪🇸 | Satoshi Club:

Q1 from telegram user @dk177

You have mentioned that there is no need for private keys when we use the Qredo wallet. It will be convenient. However, there is a saying, “not your keys; not your coins”. When multiparty computation nodes generate private keys, don’t we have the risk of accessing our private keys by a third party? What kind of mechanism do you use to prevent this threat? Generally, it is our fault if we loose our private key. When using Qredo wallet, do you take that responsibility? If a private key becomes compromised due to a fault in MPC nodes, do you cover that loss? Are there any insurance providers with you to provide financial support in that kind of situation?

Easy one to start with 😉

Josh:

Woooah, good question.  @Brianspector you got this 👆

Brian spector:

I got this. Ok, MPC does not ever store a private key, that’s the thing people don’t understand right away. The reason MPC is such a breakthrough is because, for the first time ever, there is another way, completely different, to generate a signature on a transaction, or generate a public key that will verify that signature. Prior to MPC the only way to do this was to create a private key. Now there is a different way. Decentralized computers do a network protocol, throw some big primes at each other, and if they all are given the same thing to sign, they will all output the same signature. No private key ever exists. Crazy, but it’s true.

The risk is that all of those nodes engaging in the MPC protocol, if they got hacked, they could potentially move the money out of your wallet. But we also run those nodes in secure enclaves. So, the whole vm is encrypted, including the memory, with a key that is inside a secure element. If a hacker tried to get the secure element open, which they can only do if they have physical access, the key blows up, like mission impossible. That’s what we have built.

Yea man, it’s high tech.

Luis merino 🇪🇸 | Satoshi Club:

No private key 🤯 Mind-blowing

Brian spector:

Hope that answered your question.

Luis merino 🇪🇸 | Satoshi Club:

So, it’s impossible to access users funds?

Brian spector:

Oh yea, I forgot. I created the meaning behind Qredo.

Luis merino 🇪🇸 | Satoshi Club:

I’m not a dev and nothing similar, so I need simple explanations 😂😂

Josh:

The magic of MPC means no one, but you, has access to your funds within the Qredo network

Brian spector:

Nothing is impossible. But it’s the best security that the current state of technology can deliver. There are no known theoretical or practical attacks that exists against this architecture. That are known. Put simply, it’s a shit ton safe than trusting your funds to some centralized custodian. Why?

Luis merino 🇪🇸 | Satoshi Club:

Got it

Brian spector:

Because a centralized custodian, even if they are using MPC, has all your ownership information in a database. Guess what? I don’t need to hack their MPC network, I can just hack their database. It’s total snake oil. I hate it when vendors do this.

https://www.Qredo.com/blog/Qredos-consensus-driven-MPC

Luis merino 🇪🇸 | Satoshi Club:

Nothing is impossible. Let’s say, almost impossible. Impossible with our current knowledges about technology? 🤔😂

Brian spector:

Some good articles.

Luis merino 🇪🇸 | Satoshi Club:

Satoshi Club… Go and check this article.

Brian spector:

It’s the best security you can get, bar none. I can’t say it’s impossible because there might be zero days that I don’t know about. But those are very very remote odds.

Josh:

This is why our slogan is “the network is the vault”

Brian spector:

Hell yea. It’s an obvious idea actually I don’t know why no one did this before.

I think maybe it’s the combo of things we put together. It’s an MPC network that uses a blockchain as its oracle. To me that was obvious. But it had not been done before. The other thing is a layer 3 coms channel over a layer 2. Obvious to me, but hey, i’m weird.

Luis merino 🇪🇸 | Satoshi Club:

If anyone did this before, probably you wouldn’t attend to this ama, so let’s thank god 😂👏 Okay… Ready for the next question? Or do you want to add anything else?

Josh:

Keep ‘em coming!

Luis merino 🇪🇸 | Satoshi Club:

Let’s goo! 🚀

Q2 from telegram user @jonahapagu

It is stated that in Qredo v1, all MPC nodes are controlled by the Qredo team, and that this control will be gradually relinquished to the community in a secure step-by-step process. With work on v2 already in progress, how do you intend to transfer total control of all nodes to the community, what will be the procedures and processes, what will be the requirements for community members who intend to own nodes in Qredo, and when do you intend to begin this transfer of nodes.

Brian spector:

Oh man, that’s a lot. So, we intend to get test net rolling at the end of the year. Note: Qredo is still going to run some nodes, but not all of them! We’re coding up the v2 protocol right now. But it’s got some groundbreaking things in it around economic security which I can’t talk about yet or marketing dept will shank me.

Josh:

In the second half of 2021, Qredo will move

Into a federated model, under its version 2 protocol testnet, where a curated set of third-party validators will start operating validator nodes.

On completion of this phase in early 2022, the number of third-party validators will increase towards a fully decentralized model, assuming all

Operational tests and security review findings are low to informational.

Brian spector:

Once our economic security paper comes out, which I’m like 3 months late on, probably won’t get my bonus, anyway, you guys don’t care about that, what I meant to say is that is all covered in the economic security white paper I am still drafting and now needs to be surgically removed.

Luis merino 🇪🇸 | Satoshi Club:

Looking forward to those news 😏

Brian spector:

A lot of the capability is covered in out white paper though.

Luis merino 🇪🇸 | Satoshi Club:

That’s huge, josh:! 👏💪

Josh:

Yeah, a big milestone for us! We see decentralization as the highest bar of security that can be achieved.

So, in recap, the requirements for validators will be made public soon!

Luis merino 🇪🇸 | Satoshi Club:

We have another question somehow related to this one… So let’s jump into the next one so that we don’t cover it, okay? 😀

Josh:

Sure!  The big brains are in the house today!

Luis merino 🇪🇸 | Satoshi Club:

Protection… That message wasn’t offensive 😭😂

Q3 from telegram user @xperia3

As I read in your medium article, there are 7 lines of defense for the security of Qredo. However, I recognized in the 4th line “global node distribution”, Qredo nodes are distributed among 6 different cities (New York, Chicago, London, Hong Kong, Singapore, and Tokyo) around the world. What was the reason of choosing specifically these cities? Do you plan to extend this number in the future or is this secure enough?

Josh:

This is our current decentralized footprint. But – the decentralization never stops!

As you might know, these locations are centers for world class technology infrastructure, such as data centers, so tapping into this is a natural fit for us

Brian spector:

Ok peeps, come on. I’ve got 15 minutes left. Let’s get freaky.

Luis merino 🇪🇸 | Satoshi Club:

Easy question, huh? 😉 Do you want to add something? Or shall we proceed? 😄

Josh:

We are good! Let’s keep them rolling

Brian spector:

This is a great question. I’ve had a few, ugh…erm, run ins, with certain government agencies before, that I really can’t talk about, or I really will be shanked in some dark alley. Suffice to say that I’m paranoid about government coming into one of those data centers and seizing our kit. So, when you run an MPC protocol, you usually have a side and a b side. Easy enough, right? Well, when being geographically sensitive, what you don’t want to do is put a side and a b side in the same country, because then they got you. Suffice to say we did not do that. Because we’re paranoid. Very paranoid.

Josh:

We can probably manage a few questions at a time (we talented)

Luis merino 🇪🇸 | Satoshi Club:

Really? Let’s hurry then, so that you can finish, at least, part 1 😄 Master! 👏

Q4 from telegram user @luk4jah

We now have a situation where individual investors can freely interact with defi from retail wallets, while institutions operating under a larger set of constraints are locked out. They are deprived of the ability to borrow, lend and stake in defi, and prevented from quickly executing time-sensitive trades. This forces many asset managers to adopt a passive buy and hold strategy instead of capitalizing on volatility and yield-earning opportunities. Can you tell us your target customers? What type of projects and use cases are best suited to leverage Qredo infrastructure? And can you give us a typical example that can help us understand how Qredo will meet institutional standard with infrastructure.

Brian spector:

Josh you taking luk4jah? That cat gif is freaking me out but also making me really relaxed at the same time….

Luis merino 🇪🇸 | Satoshi Club:

😂😂😂😂😂

Brian spector:

Come on people, throw them at me. I like the last question. Let your freak flatg fly!

*flags fly.

Josh:

Yes!

Current infrastructure is not fit for purpose for institutions and corporates to enter the space in masse.  Qredo fixes this.

Qredo opens a pandora’s box of potential use cases to fix this.

Whether you are a prop shop, a hedge fund or a highly regulated asset manager, we got a solution for you.

We will be enabling these participants to access the defi markets in a secure and scalable way.

Another example:

Self-custody wallets + CEXes

Yes, you read right – we have built a way for you trades on a CEX out of your self-custodial wallet.

Watch this space with deribit…..!

Luis merino 🇪🇸 | Satoshi Club:

Question 5? Are you ready? 😳

Brian spector:

Bring it

Luis merino 🇪🇸 | Satoshi Club:

Q5 from telegram user @alice_wonderland12

Qredo’s public token place will start on july 1st. Regarding to that point I would like to clarify some points about purchasing $qrdo:

-where will the state take place, is it a place with enough se unity requirements?

-what would be the minimum and maximum amount to buy per buyer?

-do you have any anti whale measures?

I think that with that information clear many from the community will feel more confident to buy

For you! Brian. Enjoy it 😉

Brian spector:

Not it. Josh is taking this. I don’t like numbers.

Luis merino 🇪🇸 | Satoshi Club:

Me neither… Don’t worry 😂

Josh:

So, as a starting point – the Coinlist deal page answers this question: https://Coinlist.co/Qredo

On the anti-whale mechanisms – that’s why we picked Coinlist for the sale – so we can set maximum amounts to be purchased, and leverage their anti-bot tech

Brian spector:

Hit me with number 6

Luis merino 🇪🇸 | Satoshi Club:

Q6 from telegram user @nataliyakil

Qredo operates 6 validators. Typically, the validators that will deal with the processing of blocks are chosen at random. However, their selection is influenced by a number of points. In particular, this is the age of stake, the state of the node itself, the number of tokens that have been locked. How are validators selected for Qredo and what factors are taken into account? I would also like to know what programs are developed for validators and what rewards they receive? Are you planning to increase the number of validators in the future?

There you are, Brian!

Brian spector:

Got it.

Right now, since we are running all the validators, it’s a simple POA round robin for high throughput. But on version 2.0 protocol, then it morphs into a real DPOs protocol. What I will ‘leak’ about how validators are selected is that it is done in a closed unit, something we call a pod. I will have more details on this in the economic security paper which honestly will be out next week, and no marketing don’t hold me to that you know how tardy I can be. Great question please look out for my paper.

Luis merino 🇪🇸 | Satoshi Club:

Coinlist is huge 😎

Brian spector:

Are they? I thought they were a small family run business in Toledo.

Luis merino 🇪🇸 | Satoshi Club:

You have to share it with Satoshi Club as soon as it is ready 😉

Brian spector:

I definitely will Luis, you have been a gracious host and I have been obnoxious. But not more so than normal.

Josh:

Shall we open the floor up?

Luis merino 🇪🇸 | Satoshi Club:

You have been great Brian. I made a lot of fun with your jokes 😉 Please, come back soon for another ama 😉

Part 2 will be attended by josh, right?

Brian spector:

Thanks, Luis I would be honored to. I’m not being facetious.

Goodbye everyone. See ya soon.

Luis merino 🇪🇸 | Satoshi Club:

See ya! 😉

@joshgoodbody are you ready for part 2? 😎

Josh:

I’m ready

Luis merino 🇪🇸 | Satoshi Club:

So… Satoshiclubbers, prepare your best questions. I will open the chat for 2 minutes so that you can ask them

Remember the rules… Ready… Steady… Goooo!

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

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

Q – 1 from a telegram user @AugusS7

You point out on your website that since the invention of cryptography, the greatest cryptographic advance is to implement multiparty computing (MPC), but could you really tell us what it is? is it really an algorithm, a mechanism, a protocol or what? And is this used in all blockchain projects, or only a few like Qredo?

Josh:

A (Consensus-Driven) CD-MPC network is created when the MPC nodes operating the MPC protocol refer to an on-chain dataset for instructions and affirmation of the operations, just like the Broker. Meaning, they use a blockchain to verify state and organize themselves into action if required. They inherit the current state of the blockchain and thereby the verification of transactions that the Validators have performed (trust) but they also engage in their own verification (but, verify) of the transactions in the blockchain that are compelling them to create a digital signature. Trust, but verify. Qredo’s CD-MPC network has other defense mechanisms built into its operations such as network obfuscation, node segregation and cryptographic organization, and MPC secrets security using threshold decryption, confidential computing and distributed key generation.

Q – 2 from a telegram user @nosto1

The community is integral to any blockchain startup. How are you planning to involve the community in Qredo? And Qredo what Planning to launch any ambassador program for making DAPPS on your platform? would you please tell me, How what will be roles of this ambassadors? 

Josh:

Totally agree – community is everything. We will be doing a few things:

– Listing on exchanges and running events
– Running community incentive programmes to encourage people to build on Qredo
– Setting up local community managers in as many places as possible.

Q – 3 from a telegram user @Wong2008

Can you tell us about Qredo TESTNET results?

Josh:

BIG SUCCESS

So much so that we are in V.1 Mainnet💥

Q – 4 from a telegram user @Tahsinahmett

Do you have insurance agreements for Qredochain Vault and Qredo wallet assets? Are you considering doing it?

Josh:

Yes!

We want to blend the best of TradFi with DeFi.

Qredo has been insurance against malicious intent and theft from Lloyds of London, underwritten by Sompo.

Next year we plan to offer a bespoke in-platform insurance product.

Read more about our Seven Lines of defence here:
https://www.qredo.com/blog/key-fu-crypto-self-defense

Q – 5 from a telegram user @minalkaki

How can I know more about your project, do you have any website or YouTube channel you can share with me?

Sonny | Does Not PM/DM First:

We have a media section on our website. It’s a treasure trove of videos and guides about the product, ecosystem, and development: https://www.qredo.com/media-center

Q – 6 from a telegram user @Arisabela

I was researching about the Qredo Partner API which allows authorized partners to create applications with the Qredo protocol, I’m not a programmer, maybe most of us aren’t but can you tell us for what type of applications is useful your protocol? Do you have some examples of the potential partnerships that can use the Partner API feature?

Josh:

Absolutely – we are open source and open platform. Anyone can build on Qredo today!

So we have a bunch of examples of Apps being built on top of the Qredo Network today, including:
Deribit integrating Qredo’s Self-custodial wallets into their exchange
A Travel Rule compliance solution piloted by Genesis Trading
Trade Chat App which allows traders to instantly execute trades from their Telegram chats within the Qredo Network

We have so much planned! A window into this:

Q – 7 from a telegram user @Rosane1a88

How has Qredo designed a decentralized custody system, since the word custody in essence makes reference to a third party? I would like to know, how have you achieved a secure and trustable custodial algorithm that doesn’t involve trusting a third party?

Josh:

Shares of the cryptographic key are contained in the MPC nodes, which are distributed on the network. Together, the nodes generate a digital signature to sign transactions without ever producing a private key.

The MPC nodes are distributed between security-hardened tier 4 data centers distributed across global financial hubs, and controlled by the Qredochain.

The Qredochain is a Layer 2 network that provides an immutable registry of assets and activity. Each custodial operation — each transaction, each signature, and each change to wallet custodial policies — is mined into the blockchain. In this way, the network becomes the vault.

Q – 8 from a telegram user @Xusuo

Can you tell us what are the specialty function that Qredo have that other competitor dont have? why user should choose QRedo project?

Sonny | Does Not PM/DM First:

Qredo uniquely sits at the intersection of cross-chain liquidity, settlement, and decentralised self-custody. Blockchain technology has been amazing, however, companies like Pepsi would use it because anybody can view their transaction details to be able to figure out company health and operation – and undue advantage for competitor. With Qredo, businesses can replicate this entire financial governance structure that will only be available to those within the organisation while also making it possible for them to provide auditable proof for regulatory bodies.

Q – 9 from a telegram user @Asela1112

Qredo as a global platform, don’t you need ambassadors country wise? How do we participate if an Ambassador programme will launch by Qredo in future?

Sonny | Does Not PM/DM First:

Excellent question. We have an ongoing ambassador program open for anybody to join. Have a look at it here: https://www.qredo.com/new-blog/are-you-a-qredonian

 

Q -10 from a telegram user @valobashitumai

When I researched the Qredo Partner API I noticed that it allows authorized partners to create applications with protocols. Now, What kind of applications can you tell us that you are using your protocol? And you have some examples of possible partnerships that can use the partner API feature?

Sonny | Does Not PM/DM First:

HedgeGaurd built a Portfolio Management System using Qredo as a way to on scale create self-custody wallets for customers with ability to conduct instant low fee transfers across wallets which saves on internal reconncilliation
– Big part of Qredo is supporting developers build apps on teh network and take advantage of the crypto operations features – scale, security, interoperability, rewards and bring your own custidy controls.

Part 3 – Quiz about project

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

Our contacts for more details: 

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

Our Crypto Partner by this AMA: Qredo

Telegram group  | GitHub |  Tweeter  |  Website  | Medium | LinkedInn

We are pleased to announce our next AMA on July 9th 2021 at 01:00 PM UTC Time: Satoshi Club x BulleX

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

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

Part 3: 300$ – A quiz about BulleX

For more details:
BulleX Website – bullextoken.com
BulleX Telegram – @BulleXToken
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on July 5th 2021 at 11:00 AM UTC Time: Satoshi Club x Sapp

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

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

Part 3: 300$ – A quiz about Sapp

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

We are pleased to announce our next AMA on July 5th 2021 at 11:00 AM UTC Time: Satoshi Club x Hoo Smart Chain

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

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

Part 3: 300$ – A quiz about Hoo Smart Chain

For more details:
Hoo Smart Chain Website – hoosmartchain.com
Hoo Smart Chain Telegram – @HooSmartChain
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on July 3rd 2021 at 01:00 PM UTC Time: Satoshi Club x GoMeat

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

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

Part 3: 300$ – A quiz about GoMeat

For more details:
GoMeat Website – gomeat.io
GoMeat Telegram – @GoMeatToken
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish