Satoshi Club

We are pleased to announce our next AMA on June 18th 2021 at 02:00 PM UTC Time: Satoshi Club x Catoshi

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

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

Part 3: 300$ – A quiz about Catoshi

For more details:
Catoshi Website – catoshi.cat
Catoshi Telegram – @originalcatoshi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

PART 1. Introduction of Safehaven project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about the project which says, that $Haven token is the digital gold of the Binance Smart Chain ecosystem.

Safehaven is a community-driven DeFi project built on Binance Smart Chain. All $Haven token holders receive BNB rewards based on their percentage of holdings, making it a great source of passive income.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Gold Rocket | Satoshi Club – @GoldRocket27

Andrés M. | Satoshi Club – @AndresM77

The Representative of the project:

Ryder SafeHaven – @SafeHavenDev – co-founder of SafeHaven.finance 

SafeHaven Marketing – @SafeHaven_Marketing – co-founder

Introduction of Safehaven project.

Gold rocket | satoshi club:

Hello, dear community! We are pleased to announce ama with Safehaven. Today our guests are @Safehavendev @Safehaven_marketing!

Ryder Safehaven:

Hello everyone!

Andrés m. | satoshi club:

Hello, dear community! Excited to be here with great guests👏

Ryder Safehaven:

I am excited to be here in one of the best (if not the best) crypto communities!

Gold rocket | satoshi club:

Hello and welcome to satoshi club, @Safehavendev @Safehaven_marketing!

Andrés m. | satoshi club:

Thank you so much for your kind words.😃

Safehaven marketing:

Hi everyone! We are delighted to be here, thank you for having us.

Gold rocket | satoshi club:

Thank you very much for these kind words! We hope that our club will become your home😁 thanks for joining! 😊

Ryder Safehaven:

Yes, looking forward to that!

Gold rocket | satoshi club:

Let’s start!

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

Tell us please about your position in Safehaven?

Andrés m. | satoshi club:

The best community only can bring the best projects, that’s why is a pleasure to have you here!

Ryder Safehaven:

I have been in crypto since 2016, I saw the high potential of decentralization and trustless technology.

Unfortunately, after the 2017 bubble, I left crypto for a while and dedicated myself to my old job as a financial advisor in a trading company.

I was then fascinated and shocked at the same time when Uniswap first came out, the YFI and well then Sushiswap, and yeah rest is history!

I am co-founder of Safehaven.finance which is a new not yet launched defi protocol that will provide investors different sources of passive income regardless of market condition and its, sometimes devastating, volatility!

Gold rocket | satoshi club:

Sounds great 👍 it’s a good experience 😊

What plans do you have for the future? And what can we expect from Safehaven?

Ryder Safehaven:

Haven token has been deployed on the main net and verified; we have contacted several auditor companies that will audit haven token before the sale is live in order to ensure investors code is safe!

Gold rocket | satoshi club:

Also, we would like to know about your team. Who is on the project team core?

Andrés m. | satoshi club:

Wow, that’s a big aim, mostly traders are exposed to volatility! What event led you to come up with that idea?

Ryder Safehaven:

In the meantime, we will proceed with many marketing campaigns, amas, promotional giveaways and more event to bring awareness to the masses.

Once $haven token is established team will focus on bringing new products and services that will generate different income streams!

These funds are gonna be used to fuel the BNB reward pool and pay for marketing, development, and partnership expenses!

Safehaven marketing:

In addition to the great skills and experience @Safehavendev brings to the table, I have 15 years of marketing and pr experience too working with some of the most well-known global brands. I co-founded haven because I am fanatical about cryptocurrency and its benefits to users and I am driven by my passion to introduce crypto to new people! We believe the tokenomics of haven provides this in the perfect package.

Gold rocket | satoshi club:

Why did you name the project like that? What meaning are you putting into it?

Safehaven marketing:

In short, our token is intended to be a Safehaven for investors. One with robust tokenomics that addresses the underlying weaknesses we’ve observed with other cryptocurrencies that creates price volatility or unsustainable BNB reward pools for instance

Ryder Safehaven:

The core team is made by three individuals:

@Safehavendev CEO

@Safehaven_marketing marketing manager

@Safehavenmod exchange and partnership agent/community manager

Andrés m. | satoshi club:

Great strategy, the community is the pillar of each project👏

Gold rocket | satoshi club:

Is your team anonymous?

Ryder Safehaven:

We have partnered and KYCed with bsc.news and plan to KYC also with rug detective

However, doxxing is in our plans!

Gold rocket | satoshi club:

Thank you very much for your answer! It really plays a role in user trust.👍

Ryder Safehaven:

Yes! We believe investors safety is a top priority that’s why we have KYCed immediately after the launch of the website! Bsc.news holds our real names and ids photos.

Andrés m. | satoshi club:

What about your logo? What does it mean?

Ryder Safehaven:

We think simply and linear is best!

We have designed out token logo so that is easily recognizable and not so easy to forget!

Also the more you look at it the more you like it and it really reminded us about safety and transparency!

Andrés m. | satoshi club:

I like it, to keep things simple and easy to remind 😃

Gold rocket | satoshi club:

The designer did a great job!👏 thanks for the introduction, we will have a question selected for part 1. Ready to start?

Ryder Safehaven:

Can’t wait!

Preselected questions about the Safehaven DeFi project.

Andrés m. | satoshi club:

Q1 from telegram user @nszr1

I read that $ haven holders will have passive income in the form of BNB, which comes from a reward fund financed by the 16% transaction tax on all purchases / sales and transfers, i understand that this is a measure to discourage the short operations of $ haven, however currently the community is looking for more and more projects where precisely the transaction fees are lower. What would you say to those users who have doubts about this system in order to increase the community’s trust in this project, how $heaven despite having this 16% fee will be able to make its users earn money consistently besides of BNB’s passive income?

Ryder Safehaven:

This is a very well thought question! Thank you @nzsr1

Safehaven marketing:

So $haven has been designed for long-term holding, rather than have holders earning money from fluctuations in the market. We think this is bad for stability, so we wanted to discourage that practice, and our transaction tax rewards such holders with BNB in the process.

Ryder Safehaven:

$haven token was designed to reward its holders.

We choose transaction tax to 16% to make it very hard for bots and daily traders to profit, and even if they do overall the holder will be rewarded.

Aside from BNB $haven holder will earn 1% share as reflected $haven in every transaction proportionally to his holdings, the burn address will hold 51% of supply at launch meaning 0.5%+ of every transaction will be sent to the dead wallet.

$haven has also a 1% fee of every transaction going directly to the burn address!

All these mechanics will allow $haven to be exponentially scarce theoretically making its price organically grow over time!

Gold rocket | satoshi club:

This is a very good solution.

Andrés m. | satoshi club:

A win-win solution I think

Ryder Safehaven:

Finally, we understand investors doubts about the 16% fee in an entire ecosystem.

That’s why Safehaven.defi will develop a second token that will allow for governance, playing games, using launchpad, and many many more products to come!

Andrés m. | satoshi club:

That’s sounds great👏, what’s the way to earn #haven tokens?

Ryder Safehaven:

Nice question!

So every time you make a transaction 9% is used to buy BNB and put in the BNB reward pool (token address balance) every 72 hours investors will be able to claim their BNB on the dapp(will be released after launch) or directly via bscscan using write contract function claimBNB!

Your claim will be proportional to the %  of the total supply you hold!

Example:

100 BNB in the pool

You hold 1%

You can claim 1 BNB.

If your claim is higher than 0.5 BNB you are taxed 10%:

Half is used to buy back haven and burn it

Half goes to marketing and development treasury

And this is just one of the anti-whale functions there are in place in order to ensure BNB pool is kept safe and can keep growing!

Andrés m. | satoshi club:

Amazing, a great reason to invest👏

Gold rocket | satoshi club:

Thank you very much for the detailed answers.

Ryder Safehaven:

Thanks for the great question!

Andrés m. | satoshi club:

Time to proceed with the next question!

Q2 from telegram user @meml97

It caught my attention that while looking for information about the project i saw that Safehaven has a “zero-balance punishment”, could you explain this punishment to us a bit more? How does it work? What do users need to do in order to receive this kind of punishment? Also, is it a revocable punishment?

Ryder Safehaven:

Well, we got investors that actually look at the docs, that’s rare and great!

Safehaven marketing:

Thanks for your question i can answer this, if you sell all of your haven tokens ie if you have a 0 balance left in your wallet after a trade, that wallet address will be excluded from the BNB pool for 50 years. If you wish to be eligible for BNB rewards again, it would be necessary to transfer haven to another wallet address if it had reduced to 0 previously.

Ryder Safehaven:

So yeah, basically if you sell all your holdings and then buy back, you will have to wait 50 years.

Andrés m. | satoshi club:

😬 that’s a real punishment haha

Gold rocket | satoshi club:

This is how you want to incentivize users. Well! This makes common sense! Thank you very much for your answers! Ready for the next question?

Ryder Safehaven:

This can be avoided by:

1) don’t ever dump all your $haven (even a very small portion is good not to be punished)

2)if you do buy from another wallet address

3)if you ignore 1) and 2) then you can still get your reward.

Send your $haven to another wallet and you will be able to claim in 72 hours!

Remember you will still get the 16% transaction fee!

Andrés m. | satoshi club:

A great reason to hodl💪

Q3 from telegram user @lzamg

Safehaven is at the very early stages of development right now and your main product is the $haven token, but you mention on your roadmap for q4 2021 that other products and services with real life use applications will be integrated. Can you please tell us more about these products? What are these applications you talk about? Do these future plans include staking, farming, cross-chain, nfts, etc?

Ryder Safehaven:

Yes!

Andrés m. | satoshi club:

We love sneak peeks😁

Ryder Safehaven:

So as mentioned earlier $haven is just the first product that Safehaven.finance will deliver.

We plan to implement many more products that will generate different income streams!

Aside from staking, farming, cross-chain, nfts the team will work to implement also real-life income streams!

Here is a list of products that we are seriously considering.

Eco-mining. We plan to establish sustainable mining facilities that will use renewable energy. Most of the income generated will be used to fuel BNB reward pool

Lending and borrowing. The platform that allows users to borrow and lend in a decentralized manner

Farming platform. Stable and sustainable farming platform that allows investors to have realizable long term gains

Nft marketplace. All users will be able to list their own art and make bids and offers.

Launchpad. Vet, audit, and launch projects-

Go cross-chain. Allow $haven and other safe haven tokens to be bridged in other blockchains

Shop and branding, we are gonna have a platform that sells Safehaven merch

These are actually just some of the products we have in mind!

Gold rocket | satoshi club:

You have great plans!🚀 which product are you particularly proud of? 😉

Andrés m. | satoshi club:

A big ecosystem is coming

Ryder Safehaven:

That is the plan! Personally, i think $haven has the potential and features to compete with top 100 projects! I know that the next big market is gonna be NFTs especiallyNFTS with a specific value or use case!

And that is exactly what we are gonna focus on!

Andrés m. | satoshi club:

Don’t forget to share coming releases with our community!

Gold rocket | satoshi club:

Do you want to share this in more detail? 😊

Ryder Safehaven:

We definitely will and for sure we should schedule another ama after $haven launch on pancake! To be honest i think we shared already a lot of ideas. We need to be careful as competition is always watching…

Andrés m. | satoshi club:

That’s a deal 🤝, thank you so much for considering us. And thanks for your great and detailed answers. Ready to go with the next question?

Ryder Safehaven:

Let’s go!

Andrés m. | satoshi club:

Q4 from telegram user @einsteinyl

I check on your tokenomics that Safehaven has 1% redistributed to the loyal holders, but it’s not mentioned what must user do to become a loyal holders. Can you explain more detail, do you mean all holder possible to become loyal holder? What requirement to become loyal holder and when is the time for distributed 1% to loyal holder?

Ryder Safehaven:

Right, we just wanted to emphasize that $haven is about holding.

Basically, as long as you hold $haven in your wallet you considered a loyal holder!

Just hold $have and get 1% of each trade in your wallet proportionally to your % of the total supply.

Example:

I buy 100 $haven:

1 $haven is used to reward holders.

Erik owns 1% of the total supply.

Erik will receive 1% off 1 hence 0.01

Andrés m. | satoshi club:

Is there a minimum amount of tokens needed?

Ryder Safehaven:

Nope is based on the % you hold!

Example:

I buy 100 $haven:

1 $haven is used to reward holders.

Erik owns 1% of the total supply.

Erik will receive 1% off 1 hence 0.01

Gold rocket | satoshi club:

It’s very generous😁time to ask about tokenomics😁

Tell us please about your tokenomics btw.

Ryder Safehaven:

Token name: haven token

Token symbol: haven

Total supply: 21,000,000 $haven (just like bitcoin!)

Unicrypt initial liquidity offering: 6,000,000 $haven

Burned on day of unicrypt launch: 10,850,000 $haven

Listing allocation: 3,600,000 $haven

Team share: 330,000 $haven

Marketing and development wallet: 220,000 $haven

10.85 million $haven will be burned on the day of launch to the dead wallet. 51.6% of the BNB pool will be unclaimable, enhancing the sustainability of the haven BNB reward system.

16% transaction tax. This is allocated in the following proportions: 9% BNB reward pool, 5% liquidity pool, 1% reflection, 1% burned.

1.6% of the total supply split to the 3 members of the Safehaven team.

1% of the total supply to marketing & development fund, to ensure the continued and sustainable growth of $haven.

Andrés m. | satoshi club:

A strong gem 😃

Gold rocket | satoshi club:

Thanks for sharing 😊

Ryder Safehaven:

So, we have already mention the zero-balance and the tax if the claim is higher than 1 BNB there is another special feature to protect the BNB reward pool.

Gold rocket | satoshi club:

What feature?

Ryder Safehaven:

So basically, every time you top up your total $haven balance of more than 10% your claim date gets pushed proportionally to the % you topped up your balance with.

Example.

I have just bought 100 $haven and my claim date is in 72 hours

Now I decide to buy 20 more $haven as I think is a very good project ☺️

My claim date will be postponed by 20% so 72/100*20=14.4

I will be able to buy in 86.4 hours!

In order to avoid this simply don’t buy more than 10% of your balance!

Gold rocket | satoshi club:

This is a truly original solution👍

Andrés m. | satoshi club:

The 5th question is knocking the door😃

Gold rocket | satoshi club:

Thank you very much for your answers and clarifications.😊

Andrés m. | satoshi club:

We should recognize the amazing and original features of safehaven, great job👏

Q5 from telegram user @cheriemike

While going through your project, i noticed that Safehaven does not have any use case, knowing that use case adds value to projects and its attracts investors to invest in a project.my question is since you don’t have any use case, what product and services is Safehaven providing? Is there any guarantee for the long run? In the next 2-4years, why should investors continue investing in Safehaven?

Andrés m. | satoshi club:

Partially covered😃

Ryder Safehaven:

Yes, was gonna say exactly that. And also. I think saying it has no use case is pretty much not true

The main use case of $haven is getting passive income every 72 hours forever. These alone can compete with the top 50  crypto projects.

Gold rocket | satoshi club:

You have every chance to do it! 👍

Andrés m. | satoshi club:

I completely agree with you. Thank you very much for the clarification Ryder

Gold rocket | satoshi club:

And now I suggest proceeding to the next question🚀

Ryder Safehaven:

But of course, this is not enough for Safehaven we will focus on creating an ecosystem that adds multiple use cases to $haven (and all other Safehaven tokens) and allow for the project to have conscious funds flowing in the project in order to mainly achieve three goals:

1) fuel BNB reward pool (literally sending BNB to the token contract address manually)

2) pay for marketing and development expenses

3) allow space for partnerships and emergency occasions

Andrés m. | satoshi club:

Q6 from telegram user @andrey_seleznov

Hi Safehaven!

Safehaven offers rewards in BNB for holding $haven tokens. If i understand correctly you spend a 9% transaction fee to purchase BNB for the reward pool. Since you will constantly sell $haven to buy BNB this will create a constant selling pressure that should negatively affect the $haven price. Why did you decide to give rewards in BNB instead of your native token? Could you please also tell us what you plan to do to alleviate this selling pressure and support price of the $haven token? Thank you!

Ryder Safehaven:

Well thought question, thank you @andrey_seleznov. We decided to go this route as these protocols that award native tokens are mainly pumped and dump projects as people that earn from reflection will eventually sell their reflected tokens anyway and probably, they will do that at the top destroying price movement and momentum.

BNB reward pool is way more sustainable in the long term and allows the investor to have a pretty much stable reward in the long term.

This will actually ensure price movement is organic and that investors are ensured a reward no matter where the price goes anyway!

Gold rocket | satoshi club:

This is a great explanation! Thank you so much!

Andrés m. | satoshi club:

Well, that’s 6/6 for this first part of the ama. Thank you @Safehavendev it was amazing to learn a lot of new an original thing with you.

Ryder Safehaven:

Thank you! It has been great answering your questions!

Andrés m. | satoshi club:

Now is time to interact with our community😁. We will open the chat and our members will post their questions.

Gold rocket | satoshi club:

Now we ask you to share all the useful links with our community before the opening chat.

Ryder Safehaven:

Sure!

Can’t wait for that

Welcome to Safehaven💎

Safehaven protocol is designed to reward holders with BNB regardless of price fluctuations.

 #safetokenomics

—————————————————-

Total supply: 21,000,000 $haven

Safeburn: 10,850,000 $haven

Initial liquidity offering: 6,000,000 $haven

Liquidity locked: 3,600,000 $haven

Marketing: 220,000 $haven

Safehaven team: 330,000 $haven

—————————————————-

Ilo price:  1 BNB= 2000 $haven

Pancake:  1BNB = 1800 $haven

Ilo date: tbc

—————————————————-

On each transaction (buy, sell and send)

There is a 16% transaction:

1. 9% $BNB redistribution
2. 5% liquidity acquisition
3. 1% redistributed to holders
4. 1% burned automatically

—————————————————-

Website: ☀️

http://Safehaven.finance

—————————————————-

Telegram: 🌟

https://t.me/Safehavendefi

—————————————————-

Twitter: 💥

Tweets by SafehavenDeFi

—————————————————-

Docs: 📝

http://docs.Safehaven.finance

—————————————————-

Contract: 📈

https://bscscan.com/address/0x51cc64be1d35315ac654a630e9f6e6f7ca822368#code

—————————————————-

Gold rocket | satoshi club:

Get ready for the most impressive part of our ama! It will be incredible🚀

PART 2.Questions about the SafeHeaven 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 SafeHeaven 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 @Chinthaka93

You are going to burn 10.85 million tokens on the launching date, Is it from the 21million total supply? Or after the burn, there will be a total supply of 21 million? If it is from the existing 21 million, it is almost 50%. Why have you planned 50% token burn?

Ryder SafeHaven:

Hello @Chinthaka93 thanks for your question !
We have decided to burn 51% prior to launch so that more than 50% of the BNB reward pool will never be claimable.
This is allows for an organic and safe reward pool since the start !
Moreover in order to build up the BNB pool the first week after launch claims will not happen to do The BNB pool can reach already a nice BNB amount.
Moreover as mentioned before burn address will be a holder and together with the 1% burn fee will make $HAVEN the true deflationary token.

Q – 2 from a telegram user @slla1112

Why should I choose $HAVEN over other tokens when there are many new DeFi tokens? 

Ryder SafeHaven:

Hello @slla1112 ,
Unlike many other competitors we will provide a clear and transparent communication with the community, also we have a planned marketing strategy and lots of very famous crypto company are gonna talk about and back safehaven ecosystem.
Not to mention the #SafeTokenomics, the BNB rewards and many real and crypto life use cases, products, and services

Q – 3 from a telegram user @h1drX

According to your website SafeHaven adopts a system called anti-whale, can you briefly explain to us what is the purpose of this system and what benefits does it bring to the project? Like the automatic liquidity generation protocol, what does this protocol consist of?

Ryder SafeHaven:

The antiwhale features are in placed mainly to protect investors from bots and whales selling their tokens all at once .
There is infact a max transaction which is .5% of the total supply!
Which sets Max transaction at 105,000 HAVEN
The auto liquidity generating protocol allows 5% of every trade to fuel liquidity pool on pancakeswap !
Boosting the liquidity and decreasing price volatility.

Q – 4 from a telegram user @andrey_seleznov

Safehaven website explains that every 72 hours all holders are entitled to claim their share of the BNB reward pool. This pool is funded by a 9% tax on buys, sells and wallet transfers. Could you please explain why you decided to leave claiming or the BNB reward to the user instead of a reflexive redistribution that became quite popular lately? Doesn’t this approach potentially decrease the profit for the users who claimed the reward later when the pool was partially depleted? Thank you?

Ryder SafeHaven:

We have decided to go with this route as we are sure that these newly launched protocols that automatically assign BNB to holders are exposed to exploits(look at maoi), are way more volatile and overall less sustainable over time.
That being said we have already discussed this internally with the team and a more speculative with higher riskier higher reward protocol can be made once the whole safehaven ecosystem is established.

Q – 5 from a telegram user @feranno

You mentioned that you tested your DAPP on SafeHaven Twitter account. Can you give information about this test phase?

Ryder SafeHaven:

We deployed a general token on main net and linked it to our dapp, we were able to claim successfully the BNB and the timer is showing correctly

Q – 6 from a telegram user @Eisen_7

Nearly All Project on the BSC struggle right now. Why do you think your Project will make it anyway & why you chose the Smart-Chain?

Ryder SafeHaven:

As mentioned before we believe the future in crypto are cross chain protocols.
So basically we are living in a time of constant changes and development !
That’s why one of safehaven’s main goal is to establish safehaven protocol in many different chains!
With that being said BSC is now really the best option in the market, it is fast, the cheap pancake has a lot of volume and liquidity and yeah we really are where we should be right now.

Q – 7 from a telegram user @Shaa93

Eco-Mining is one of those products that Safehaven is seriously considering, isn’t it? How will Eco-Mining work? And what is the purpose of Eco-Mining?

Ryder SafeHaven:

We will use development funds to buy renewable energy facilities and use that energy to mine Bitcoin, eth, litecoin etc etc
Profits will be only reinvested in the project and redistributed to holder via BNB rewards

Q – 8 from a telegram user @Rosane1a88

The tokenomics of $Haven are designed for token holders tl receive BNB rewards based on their percentage of holding.is there a minimal % required to start earning in BNB, or a maximum % that one person can hold or can be remunerated for?

Ryder SafeHaven:

There is no minimum required simply.
Even if you hold 0.00001% you will be able to claim 0.00001

Q – 9 from a telegram user @surendra040

How good are your team and your projects ? are you a professional team cause a good project always has a good team?

SafeHaven Marketing:

Great question, well myself and the other 2 founders of SafeHaven come from diverse backgrounds, ranging from cryptocurrency development, to finance & marketing. We each bring our own unique skillset to the team. Myself personally, I now have 15 years experience strategically managing marketing for global brands, I have worked in PR, and I’ve also been shortlisted for Ireland’s Best Young Entrepreneur twice. I know how to generate the best results from marketing efforts, I have a track record in it. I think this will be absolutely essential for Safehaven. We will differentiate ourselves based on superior tokenomics, supported by well-executed high budget marketing campaigns. I strongly believe many other altcoins will find it very hard to compete with our proposition, thanks to our team and our drive to make Safehaven a huge success, along with multiple products and services that provide value to our users.

Q -10 from a telegram user @tatarrama

Is Safe Haven’s team structure ideally competent? Are you considering expanding your team over time and expanding it with new members or mentors?

Ryder SafeHaven:

We Have @SafeHaven_Marketing and @safehavenmod they are very experienced marketing wise and they know crypto markets and social behavior in general with them we have structured the best of the marketing campaign.
We have 3 professional developers that work on smart contracts and the front end.
And yes we are actively looking for experienced developers and crypto advisors!

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the SafeHeaven 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: SafeHeaven

Telegram group  | Reddit |  Tweeter  |  Website  |  Instagram | YouTube 

PART 1. Introduction of Waivlength project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about the new version of the social media platform.

Waivlength is a project dedicated to the establishment of a truly connected and authentic social network. We plan to remove the most toxic elements of social media.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @Satoshi_club

Paul Mont | Satoshi Club – @Ballantines87on

The Representative of the project:

Caolán – @WAIVmeister

Niall – @chiefWAIVer

Introduction of Waivlength project.

Mary | satoshi club:

Hello, satoshi club! We are happy to announce our ama session with Waivlength! Welcome to satoshi club😀

Paul mont | satoshi club:

Hello, dear satoshi club community! Today’s guests are @chiefwaiver @waivmeister! Welcome!

Waiv development team:

Hi everyone, really looking forward to the ama ahead of us!

Paul mont | satoshi club:

Hello, it’s a great pleasure for us to have you here at satoshi club.

Mary | satoshi club:

Welcome here 😀 what a beautiful day and great guests!

Paul mont | satoshi club:

How are you today? 😁

Waiv development team:

Fantastic, its a beautiful day here in Ireland! Really looking forward to getting into a conversation on our project!

Mary | satoshi club:

What’s interesting in your feed today?😉

Paul mont | satoshi club:

It’s a marvelous day here as well! And also, a perfect one to get to know more about Waivlength’s potential 😉 let’s start! Shall we? 🚀

Waiv development team:

Absolutely!

Mary | satoshi club:

And about our guests as well! So, let’s start with an introduction 😀

Paul mont | satoshi club:

So, please tell us more about yourself – your past experiences/background and also how was the Waivlength project brought to life! We want to know everything 😉

Mary | satoshi club:

And even more,😂 tell us your secrets and we will keep them😀

Waiv development team:

So Waivlength essentially came to life roughly 3 months ago when we begin understanding how to incorporate our token. We built our token on the BSC and we are spreading awareness on our project ever since. Now we are starting to incorporate our company and will look to commence trading soon.

My background is in audit and accountancy, and I have 4 years’ experience from kpmg

Mary | satoshi club:

Oh, almost my colleague 😂 what is the sense behind your project name? Why you choose it?

Waivlength was chosen as we wanted every one of our users to be on the same level, ie actually users. So from there, everyone that was on the same level or same page could be on the same wavelength

Mary | satoshi club:

I like this vision🌊

Paul mont | satoshi club:

I love it, creative and totally related to one of the core points of the project 🙂 so you’re niall, right?

By the way you guys deserve a big plaudit for being public. Not a thing to take for granted in crypto👏👏

Mary | satoshi club:

You’re 100% right👏 How big is your team? Where are you located?😀

Waiv development team:

Yes, I’m Niall. I’m glad people see that its important to be able to put ourselves at the front of our project. Its adds a lot of value and legitimacy to what we are trying to achieve. Our core value is KYC and we need to abide by that rule also!

There are currently 3 in our team. We have recently contracted an external advisor also to help with some of the more important decisions we will be making in the coming months. We are all based in Ireland close to the capital city of Dublin

Mary | satoshi club:

Nice team ☺️ 👍

Paul mont | satoshi club:

It is a great rule to abide to, people’s trust in a project grows immensely when they know who’s working behind the scenes it 😉

Mary | satoshi club:

Niall, thank you for your introduction! As we want to know more about wavelength we choose six questions for the first part of our ama 😀

Waiv development team:

Exactly, we think that it will give people more comfort in our project once they know that we are legitimate and actually working full time in the space

Mary | satoshi club:

Are you ready to start😉

Waiv development team:

Yes of course

Mary | satoshi club:

Let’s go 🚀🚀🚀

Preselected questions about the Waivlength DeFi project.

Paul mont | satoshi club:

Q1 from telegram user @nadee5

Social media is a big industry that provides a smooth networking space for everyone. However, anybody can join these platforms with fake social media identities. It has become a threat for legitimate users with hacking, social media identity theft, and other cybersecurity issues.

But Waivlength will be only for legitimate users with its truly connected and authentic social network. Thanks for your concept.

I need to ask: is Waivlength 100% free from scammers? What are the strategies you use to eradicate such scammers? what are the other features of Waivlength than being an authentic social network? Who are the targeted audience for your social media platform?

Waiv development team:

Great question. It’s important that people understand that this is the main concept of our platform. Implementing KYC protocols is what will eradicate such scammers you speak of in your question. KYC for those that don’t know, are simple verification protocols using user’s information such as passports and proof of address to ensure they are actually a person. Once onboarded to the platform, we know they are a real person. This drives the authenticity of our platform. Our targeted audience is 18–35-year-olds.

Mary | satoshi club:

Do you know that verification is often purchased? This is commonplace today. Users from poor countries will sell their data. How do you plan to prevent this?

Waiv development team:

No data from KYC protocols used for onboarding our users will be sold, in fact, no data taken from our platform will ever be sold to 3rd parties. Our KYC provider will not have access to this data for sale, only for verification purposes.

Paul mont | satoshi club:

So, will identification & subsequent banning (in case of “malicious acts” by a user) be totally blockchain-based?

Waiv development team:

No neither will be blockchain-based. Identification of users will have to be 3rd party regulated. In the case of banning, this is where our token will come into play. We will be able to remunerate people that were involved in successfully banning someone.

Paul mont | satoshi club:

Thanks for taking care of this. Wonderful, in-depth answer! Is there anything else you would like to add, or shall we proceed with the next community question? 🔥

Waiv development team:

No, let’s proceed

Paul mont | satoshi club:

Q2 from telegram user @highpee

In your social media platform, members will have the opportunity to choose between 3 plans which are free plan, Waivlength premium and Waivlength gold as you intend to monetize your platform. What is the membership fee’s structure and how long does it last? You also said that users who stick to free plan may be subjected to uncomfortable ads experience. Since one of the problems, you are trying to solve is indiscriminate monetization of users’ data for ads by social media companies, why are you doing same thing and introducing ads in your own platform? And for the gold users that will be allowed to fork their account and create up to 3 sub-accounts after paying a subscription fee, doesn’t this go against your core value of accountability and no proxy or duplicate accounts?

Waiv development team:

Another great question. Speaking to the free plan. This is how all current forms of social media work today and will continue to work in the future. Essentially the use of the internet for free is a direct payment in exchange for data. However, it’s identifying these forms for data and highlights how it is used. The free plan will exist for many users that are onboarded that do not care too much for receiving ads. Some users even like it when you are shown advertisements. Its important that users understand that this data is taken and used for this purpose. However, its the data that is sold to 3rd parties, that we will not participate in. We believe that data will only ever be used in the house and in an ethical manner that’s shown clearly to our users. In terms of the 2-tiered subscription plan. Users will have the option to pay for a plan that keeps their user experience free from ads. This is something none of us are currently familiar with and believe it could become to the new standard for social media. The gold users will always be the same individual, they will just be able to act in different capacities to different audiences. Take for example ksi, he has both his personal Twitter for all his fan base, but also a crypto channel speaking specifically to all things crypto. This same person speaking to his fan base that has different tastes.

Mary | satoshi club:

If I don’t like ads, I will need to purchase another plan, right? No way to switch off ads without this.

Waiv development team:

Correct, if you want to get rid of ads, there is a subscription plan for you. This will be paid in monthly installments like most subscription-based platforms

Mary | satoshi club:

Do you already know how much each plan will cost?

Waiv development team:

No, we don’t know right now. We would like to incentivize as many of our user bases to subscribe to this option so we hope to make it affordable to many people.

Paul mont | satoshi club:

Thank you very much for your answers, niall 👍👍 I’m very excited to know more about the upper tier/premium features/functions. The next question is heading right into that territory.

Are you ready?

Waiv development team:

Yes absolutely!

Paul mont | satoshi club:

Q3 from telegram user @h1drx

I have seen in your technical document that by using $waiv users can enjoy premium functions, the truth is that I am interested in knowing more about the usefulness of $waiv. What are these premium benefits and how can users enjoy them?

Waiv development team:

Another fantastic question. By holding $waiv, there are many different ways in which you can receive benefits for this. Pertaining to this, users that wish to subscribe to the silver and gold premium features may do this through $waiv. Users, by simply holding our token, will be entitled to the receipt of their proportionate share of 50% of future dividends from the trading company. How $waiv will interact with the platform is another way which sees users enjoying their $waiv. This will occur through content creation subscriptions/donations, access to live events/podcasts, purchasing products from the business’s through our platform and remuneration for successfully reporting users that are subsequently banned.

Mary | satoshi club:

Can you show our users your tokenomics?😀

Waiv development team:

This list is only the beginning for how users may interact with our platform through the use of $waiv and we hope to continually add to this.

Mary | satoshi club:

When users will be able to enjoy their first profits? Any timeframe?

Waiv development team:

This will not be for another 2-3 years once our trading company is established and turning profits.

Mary | satoshi club:

Gotcha😀 thank you!

Mary | satoshi club:

Ready to jump to the next question?

Waiv development team:

Of course

Paul mont | satoshi club:

Q4 from telegram user @jonahapagu

Waivlength intends to become an ideal social media site for influencers, celebrities, and other notable people to converse openly with their respective communities. Despite the so many issues surrounding the mainstream social media platforms, influencers, celebrities, and users still prefer to use this already popular social media platforms due to the already numerous numbers of users and fans that they have access to on this platform. This means that the task of competing with this platform will indeed be a big one for Waivlength. So how do you intend to attract and build a large users base of influencers, celebrities and fans on Waivlength and how do you intend to compete with the already established giants in the social media space, are their features that will make Waivlength stand among this platform who seem to have more advanced features and technologies.

Paul mont | satoshi club:

Competition and market positioning is indeed always an important aspect to take into account, especially in an ever-changing environment as the crypto space 🙂

Waiv development team:

The technologies and interface of social media are really quite simple and one that can be replicated and added value to quite easily. We want our features to go above and beyond the gold standard to make for a better user experience. The part of the question in relation to the influencers, celebrities, and other notable people using social media is really quite a simple one to answer. Our answer/solution pertains to the fact that social media today is completely hyper-inflated and not so user-friendly. Not for the fact that its easy to use or quite simply too addictive, but that is has lost its touch with the validity and legitimacy of what social media is all about. “normal” users and influencers alike are crying out for a space that is transparent, friendly and absent of scammers/bots/impersonators. I firmly believe that in time, people will use our platform for all those reasons and the true, maybe less glamourous, nature and meaning of social media will start to grow. The market will be very difficult to penetrate initially but once we grow our platform and the ideas surrounding it, people should start to join us.

Mary | satoshi club:

Which your platform feature are you most proud of?

Waiv development team:

As the platform is yet to be developed, it’s hard to say right now, but we will pride ourselves on the KYC element. We believe it brings about massive value

Paul mont | satoshi club:

It’s indeed a very important feature given your mission to bring transparency and accountability 😉

Paul mont | satoshi club:

By the way, I noticed that collaborations with influencers is listed on phase 2 of Waivlength’s roadmap – that is between June and the next month 🔥

But among the listed items in Waivlength’s roadmap, there’s also the launch of the ambassadors’ program! Are you accepting applications yet? You know, the satoshi club has quite some skilled, yet hidden talents that might add quite some value to your project 😉

Mary | satoshi club:

Yes, that’s what we love😍

Waiv development team:

Yes so when it comes to our ambassador’s program, we are looking for influencers that are interested in the solutions we have to offer and will onboard to our platform. We are most definitely interested in discussing a partnership with the satoshi club in the future to bring your fantastic user base onto Waivlength once our platform is established 🥰

Paul mont | satoshi club:

We’ll be very much looking for updates and news about the project 🚀

Mary | satoshi club:

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

Waiv development team:

Yes, let’s do it 😉

Paul mont | satoshi club:

Q5 from telegram user @cheriemike

It is stated in your whitepaper that Waivlength wants to be the biggest competitor to mainstream social media. My question is since you want to be the next big platform to any social media, do you have any plans for people who do not understand English? How can they benefit as they do from other social media? And how many languages do Waivlength plan to have on its platform? Thank you

Waiv development team:

So our core values of accountability and transparency online are the biggest thing we want to implement and have at our disposal. By utilizing these core values, we believe it will be a recipe for success against some of our biggest competitors. We have already established connections worldwide and hope that in time will be able to make our platform multilingual.  We have established big connections in China already and our telegram group is growing constantly. We are aware that this will be a major challenge but once that we aim to solve as we grow bigger. For now, it will be the English language we will implement

Paul mont | satoshi club:

So, the Waivlength’s aim is global 🙂

Mary | satoshi club:

When we will be able to try this English version? Any beta?

Waiv development team:

Our beta version will become available for our user base from November 2021 onwards as per our roadmap

Mary | satoshi club:

Not so long to wait 😉Thank you for your answers! Ready to go to the 6th and last question from this part?🚀

Waiv development team:

Yes 😉

Paul mont | satoshi club:

The next and last question for this very first part of the ama is also a praise to the ethical view behind the project 😉

Q6 from telegram user @giovannialc

I find it very gratifying that Waivlength uses part of their finances to donate to foundations in order to help many people in this way, if their token has a rapid growth throughout the year the donations will be distributed to more people, but with all this they plan to eradicate something in particular since at a global, national or state level, regardless of where they plan to start, there are many foundations that are dedicated to helping homeless people, the sick, adoption homes, etc., being many do you have any particular needs that you want to support? Or, taking into account the current situation of covid-19 in the world, do you plan to support hospitals with donations from Waivlength?

Waiv development team:

We hope to form relationships with charities and organizations in the near future with values that mirror our own. We want to ensure that our values are being upheld with these charities and organizations and are looking to do good online in areas surrounding online hate/abuse and racism.

Mary | satoshi club:

Fantastic! Thank you for your answers!

Paul mont | satoshi club:

Thank you very much for the clear answers @chiefwaiver 🚀 It has been a great time and now we must proceed to interact with our dear users into the live segment.

We will now open chat for 2 minutes and our community will ask you some questions 🙂

Mary | satoshi club:

We are close to the live part now 😃 Ready to see a storm of questions?

Waivmeister:

Bring it on 😎

PART 2.Questions about the Waivlength 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 Waivlength 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 @theshow46

Many CryptoCurrency are not solving any Real Problem, they just exist to sell their tokes. What Problems exactly is your solving and what solutions are u provide?

WAIVmeister:

Just to cement this point, our project will create a space free from the influence of bots, bad actors, and anonymous trolls with our KYC verification process. Leaving all information shared to be 100% from real people. That is for definite 👍

Q – 2 from a telegram user @Riaz0134

Does your project support staking program? if yes. how is your stake system work, what is the requirement for user if they want to stake in your platform? 

WAIV DEVELOPMENT TEAM:

We hope that we will be able to support staking in the future as part of our “All things cryptocurrency” area of our platform, allowing users to understand and interact with our token and other cryptocurrencies in the future

Q – 3 from a telegram user @vedamatrix

Which age of people are you targeting on this project?

WAIV DEVELOPMENT TEAM:

The age group ranges from 18 to 35

Q – 4 from a telegram user @h1drX

Although we believe that digital platforms are neutral sources of information, the reality is that social networks are withdrawing information and suspending accounts, based on the terms and conditions established by them. In other words, they have enough power to define what topics can be discussed openly and set the tone of public communication on their platform. So, I would like to know your opinion about this and to know what you plan to do about censorship in Waivlength, will users be able to speak, debate, or give opinions on any subject freely and safely?

WAIVmeister:

We’re not looking to ‘play god’ and enforce strict rules. After all who are we to determine what people can and cannot say? What we’re striving for is honesty of opinion from people, and respect for others. We do not want to wrap people up in a bubble of protection, nor do we want to condone hate speech or targeted abuse.

This is a fine line to walk and we will be consulting with ethical experts in the social field when formulating the code of conduct.

Q – 5 from a telegram user @esrarengizbtc

Recently, awareness of the importance of personal data has started to increase. Users complain that their data is being marketed against their will. Will Waivlength pay special attention to the privacy of its users?

WAIV DEVELOPMENT TEAM:

Yes, this is something we will hold ourselves accountable for. Personal data is super important and we will highlight and identify this to the users. Users’ privacy, while we ensure the identity of that person, is something that is extremely important and we think people will value that.

Q – 6 from a telegram user @RahulGandhi59

One of the best ways to bring people to a new social media is to bring social media influencers because people love what influencers do.
So have you collaborated with any influencer or do you have any plans of doing that?

WAIVmeister:

A part of our plan for generating traffic on the platform will revolve around influencers and famous personalities.

In the beginning we will be paying mainstream influencers to exclusively use our platform for a set period of time, we see a route to success here with people who have experienced vast amounts of online hate towards them like Marcus Rashford, Raheem Sterling, Katie Price etc.. we would expect their fans to follow them over, and at that stage the platform will speak for itself and we believe when people experience it, they will want to stay and bring their own personal connections and friends onto it. Word of mouth will be a big factor in this regard.

We would also expect to have amassed a large holder base of our token – WAIV by the time the platform is released, we expect these holders who know the story of the project will also sign up and form the initial user base on the platform.

These strategies will be fleshed out more closer to the time of the platform being released

Q – 7 from a telegram user @victorogb

As stated on your website, $WAIV will essentially act as shares in the platform, where 50% of all Waivlength profits will be paid back to holders, proportional to their % holdings. What are the periodic durations to which these profits are shared amongst holders, and are profits strictly shared in form of $WAIV tokens to holders?

WAIV DEVELOPMENT TEAM:

We anticipate dividends to be paid out, once profitability indicators have been reached, each year. Once holder have held their token for a period longer than 1 year prior to these dividends being paid out, then they will be entitled to their proportionate share.

Q – 8 from a telegram user @wass

When are you listing in any exchange ???? Wich exchange firs?

WAIVmeister:

Our plan in the near term is to focus more on the fundamentals of the project itself, once it is at the point where progress is clear and the vision for the end-product is clear, we will look to expand to bigger exchanges.

Q – 9 from a telegram user @Deleted

Deleted

WAIV DEVELOPMENT TEAM:

This is correct, as per our tokenomics, we manually burn tokens every 2 weeks.

Q -10 from a telegram user @cryptonation2

WHERE is $WAIV available to buy? What blockchains will it be available and can I do staking in the future?

WAIVmeister:

It would be remiss not to take this opportunity 😅 YOU CAN BUY WAIV ON PANCAKESWAP V2 WITH SLIPPAGE OF 11.5%!

LINK TO BUY IS ON OUR WEBSITE WWW.WAIVLENGTH.IO

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Waivlength 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: Waivlength

Telegram group  | GitHub |  Tweeter  |  Website  |  Medium

Catoshi ($CATS) — pioneers of the next phase of DeFi: the MemeFi revolution

1. Project Overview: Catoshi
   Launching on May 25th — at the tail end of the meme coin explosion of April/May — Catoshi might have looked like “just another meme,” but a peek under the hood shows a DeFi project with a potentially game-changing view on this sector. Dubbing themselves “pioneers of the next wave of DeFi,” Catoshi is positioning its project to harness the high-impact energy of a meme community while building innovative DeFi solutions. This “MemeFi” approach is kicking off with the June launch of The Crossing, a cross-chain bridge that will allow cryptocurrency projects to unlock a new level of token utility, opportunity, and possibility.
2. The Crossing
   Catoshi has partnered with the elite team at PADSwap to make it easier, smoother, and more affordable than ever before for Ethereum-based projects to cross to the Binance Smart Chain (BSC) and BSC projects to cross to Ethereum. Catoshi and PADSwap have developed this bridge in such a way that high-APY farming and staking can be made easily accessible for holders of Ethereum projects as they cross to BSC, with these holders able to take advantage of expanded token utility, and with the project as a whole finding itself elevated by the broadened range of available audience and the corresponding depletion in circulating token supply.
3. A Potential Case Study
   An example is often better than an explanation; so to truly understand the value of this first focus of the Catoshi project, we’ll look at an Ethereum-based project that we’ll call X-Crypto.

X-Crypto has a strong, loyal community, a development budget of $50,000, and a desire to expand their growth potential by accessing untapped opportunities on BSC — where new token holders, new partners, and new DAPPs for their ecosystem all await. X-Crypto would also like to reward their loyal ERC-20 holders — and they realize they could accomplish all of these goals with a straightforward solution:

1. Bridge the ERC-20 tokens to the Binance Smart Chain.
2. Provide holders with an opportunity for staking or yield farming.

Unless the main developer is highly skilled, the X-Crypto team will have to fork over a huge chunk of their development budget for these solutions. Bridging the tokens to BSC could cost at least $20,000 on its own; and creating a simple farm could cost over $25,000, and could be susceptible to crippling flash loan attacks. The team’s goals are technically achieved, but they rest on a rickety foundation, and money that could otherwise have been spent on additional development, or initiatives such as marketing or listings, has been almost completely depleted.

By utilizing The Crossing from Catoshi, however, X-Crypto would be able to bridge their project for a small fraction of the cost, while further taking advantage of Catoshi’s developmental partnership with PADSwap to easily set up a fair liquid yield farm immune to flash loan attacks — again, at a small fraction of the otherwise-available price. Not only are the team’s goals achieved, but they are now built on a rock-solid foundation, and over 50% of the development budget has been saved for future development and initiatives.

In the future, if X-Crypto wishes to do the same on Solana, Fantom, or Polygon (previously Matic) blockchains, Catoshi and PADSwap will again be there to provide the solutions.

With all of this, Catoshi is well-positioned to become an integral conduit of growth for ambitious blockchain projects looking to expand audience, opportunity, and token utility.

1. Community
   Rather than positioning themselves as purely a DeFi project, Catoshi took ownership over the audacious, forward-thinking MemeFi concept: building their DeFi project alongside a strong meme identity and community — and already, they have seen the fruits of this approach, with an active community that has become heavily involved in the project, including an inner circle of real-world artists, business leaders, and brand builders working closely with the team. Community-sponsored competitions and cat-inspired memes generate consistent community participation, and the team works closely with the community to make sure members feel recognized and rewarded for their efforts. By adding the snowball effect that accumulates over time through an engaged and well-built community, Catoshi is positioning its project to benefit from the full power of MemeFi.

Catoshi has adopted the motto, “Believe in Satoshi, believe in Catoshi”.

We are pleased to announce our next AMA on June 19th 2021 at 01:00 PM UTC Time: Satoshi Club x Cashdog

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

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

Part 3: 300$ – A quiz about Cashdog

For more details:
Cashdog Website – cashdog.io
Cashdog Telegram – @cashdogchat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on June 17th 2021 at 01:00 PM UTC Time: Satoshi Club x Donutcat

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

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

Part 3: 300$ – A quiz about Donutcat

For more details:
Donutcat Website – donutcat.org
Donutcat Telegram – @DonutCatBSC
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Taboo and our guest was @M_Guru91 – COO of $TABOO. The AMA took place on 12th of June.

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

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

Part 1 — introduction and questions from the Website

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

Andrés M. | Satoshi Club: Our honorable guest today is @M_Guru91

Welcome to satoshi club

Majid: Hi everyone! I’m excited to be here. Thank you Satoshi Club for helping set this up for $TABOO 🙂

Andrés M. | Satoshi Club:
We are glad to have you here😃. How is going your day?

Mary | Satoshi Club
Welcome here, Majid😃

Majid: It’s still early in the morning for me here so the day is only just getting started🙏

Mary | Satoshi Club:
Wow, have a nice day and we will try to deliver you good mood for the weekend 😉

Mary | Satoshi Club: So, let’s start 🚀

Majid:
Yes 🙌🏼

Please introduce yourself to our community 😉 tell ys your story about how did you get into the crypto.

Mary | Satoshi Club: And, of course, tell us what is Taboo😊

Majid: Absolutely! So my name is Majid and I am the COO of $TABOO. A bit about my background: I completed a combined major degree in the art of Sciences – Physiology and Neuroscience, and my initial plans were I wanted to become a medical doctor before shifting my focus into other areas. After my decision against medicine, I launched my own successful wealth management firm for 5+ years. I led and organized franchise companies, did extensive public speaking in forums of thousands, and eventually shifted into cryptocurrency. With that, I brought my experience in business with it. From there, I worked on 4 different cryptocurrency projects helping spearhead them and growing them with some reaching hundreds of millions of market cap – in areas such as PR, business development, strategy, and operations. Taboo is now my full focus. I will now share a bit more about TABOO! 🙂

Mary | Satoshi Club: Great background 🚀

Surr, you will help a lot Taboo😉

Majid: Taboo is a deflationary utility token with its own exclusive adult entertainment NFT marketplace being created. It has a built in static rewards program where holders earn passively through the 5% tax distribution to token holders.

TABOO is an entertainment and media-based blockchain tech project utilizing NFTs to create an exciting future. The community driven blockchain technology project is utilizing NFTs to create an excited and most importantly happy long-term holder. It’s a deflationary token bringing exclusive never-seen-before uncensored NFT content from the adult world exclusively for the community members. The project is also going to deploy its own NFT marketplace based on adult entertainment content without depending on any third party.

TABOO understands that the fundamentals of a successful coin have to be MARKETING! Thus the project has been developed to bring in community interest. The increased interest in Crypto currencies has given rise to several crypto phenomena, the most prominent being community driven tokens and the craze around non-fungible token (NFT). Taboo brings the best of both the worlds with its deflationary coin along with a NFT platform that offers opportunity to one and all.

There will be many features to our project and it’s marketplace especially! One of which being able to stake/farm $TABOO for rewards. Similarly, NFTs are not a new phenomenon and has been in the space for over 2 years now. Until now its use case was limited to being used as a fan token for different sports clubs and video game in-game memorabilia. However, this increased interest & popularity has exploded to become the favorite of many mainstream artists and investors, who are very keen to be part of this phenomenon

Taboo aims to reform the adult entertainment industry with its utility token and NFT auction platform. Thus the project has the potential to breach $100 million market cap first while also ensuring that the platform can be accessible for artists to sell – before we hit the billions and beyond. We are focused on exclusive, premium NFT content, and our marketplace which is currently being developed will have features that no other competitor in the space has. We are 100% committed and focused to creating a working product that does not need to re-invent the wheel – rather, we believe in modifying and making it better. Our whitepaper which will be released in the next few days will also highlight some of these plans in more detail. We are extremely excited to be creating what we feel will dominate this sector of crypto! You can learn more about us by visiting our website, checking and following our Twitter, or even noticing how our first exclusive model partnerships already have surpassed any and all competition for the standard of quality, and professionalism we are bringing to this space!

Majid: Done question 1.

Mary | Satoshi Club: Why this industry? What prospects did you find in it and why does it need a blockchain?

Andrés M. | Satoshi Club:
Fantastic concept of the project.

Majid:
Blockchain technology, as many of you are aware, helps ensure all transactions are fully verifiable and proven in the Blockchain network. There is a decentralization aspect to it, and with that, comes more control of one’s money as it cuts out intermediaries. The best example I can give is let’s say an individual would like to buy a car. Instead of having to get approved by crediting agencies, and having entities tell you whether you are eligible to buy a vehicle, you can cut these intermediaries out entirely thus giving you more control of your money. I can spend lots of time discussing the benefits of Blockchain, but that is not my focus for today. What I will say about the industry it’s in – the adult entertainment space – is that “sex” really does sell. You add a lucrative industry (96Billion dollars/YR) , the adult entertainment space, and a hot and trendy subsection of crypto – NFT’s – and you have a powerful firestorm. Furthermore, I’d like to add, that for any crypto project – 1% of it’s success comes from the idea itself. 99% comes down to execution. With any investment one owns, they have to be placing their faith in the development teams/teams to realize said visions and goals. I have seen many projects fail due to the lack of skillset, experience, or understanding of how the cryptosphere works. Luckily, the $TABOO team brings with it the qualified candidates necessary to make all our goals a reality.

Done question 2

Mary | Satoshi Club: Yes, that’s true! Idea is important and Taboo has it😉

Majid:
Indeed :)!

Mary | Satoshi Club: Thank you for your intro! Are you ready to start with the questions from our community 😉

Majid:
I’m ready. Let’s do this 😁

Andrés M. | Satoshi Club:
Now, we are even more excited about the project😁

Q1 from Telegram user @Highpee
Taboo aims to reorganise and reform the adult entertainment industry by leveraging on the hype around meme tokens and NFTs which is associated with this current bull run. You said your project has the potential to breach the $100 million market cap. This is quite ambitious. How will you be able to actualize this ambition using the popularity of NFT and the trend of Meme tokens as a basis? How is your platform built to inspire and satisfy various categories of investors including those who like adult entertainment and general investors that love to invest in potential gem for the financial benefit it brings?

Majid:
Firstly, I want to make it crystal clear to the Satoshi Club community: $TABOO is not a meme token. Rather, we are a full utility, deflationary token that operates on the Binance Smart Chain network. Just wanted to clarify that as there were some featured publications from reputable News sources at the start of our launch that incorrectly mentioned this, which is a major distinction for us to clarify. The ways we are focused on actualizing this ambition comes in multiple layers. Firstly, it is Marketing. Our marketing spend/budget is more than healthy – in fact, we have total freedom in how and where we need to spend. Without a healthy marketing budget to promote brand awareness, that means nobody is able to understand what you are, and will not buy. We continue to generate data analytics on all our spend to ensure we are always protecting our community’s interests. We believe our Marketing is superior to the competition. Example being that we have already, in just a few weeks old project, been featured on globally known publication sites should as Business Insider (Check our Website to see the full list of featured publications). Secondly, this entire project hinges on our community. Without a strong and loyal community, we are nothing. Therefore, our #1 focus is to always remain transparent, and clear with our communications. We also value community insight, opinions, and ideas. We are all equals in that regard. With regards to our platform – one important ingredient is helping facilitate the process of buying $TABOO. We are happy to have crypto savvy investors buy $TABOO, but we also recognize there is a major market of buyers who just have not familiarized themselves yet with crypto, and we are focused on helping ensure they understand the benefits of starting to invest in cryptocurrencies too. Lastly, the best way to inspire various categories of investors is to deliver on your promises, and help them all make money. Since launch, during this recent market correction/side-ways moving market, we have held strong at 10x + our initial launch Market Cap price, and we will continue to deliver and prove, through our swift action taking and developments, why holding $TABOO is a worthwhile investment for all of you!

Done.

Andrés M. | Satoshi Club:
Thanks for the clear answer. Ready for the next question?😃

Majid:
Ready!

Q2 from Telegram user @andrey_seleznov
Hi Taboo
Recently the Taboo team decided to make some alterations to the existing tokenomics. Reflections were decreased from 5% to 2% and burns from 2% to 1% plus you added a 4% fee that goes to the LP pool. What were the reasons behind these changes? New tokenomics looks less attractive from the holders perspective, combined tax is bigger while reflexive rewards are smaller. What was the holder’s community reaction to this change? Thank you!

Majid:
I am thrilled this question has been asked! Happy to answer this! Yes, recently we have adjusted our tokenomics. It was always a 7% total transaction tax split between LP, burns, and reflections. Recently, we made an alteration so that for every buy and sell there is still a total of 7% txn fees, however it is broken down to 4% LP add, 1% burns, and 2% reflections/re-distributions. Why we did this is because we wanted to promote strong and healthy liquidity leading up to our NFT Marketplace and other development plans. Once our NFT Marketplace hits, we may adjust the tokenomics slightly to reflect our vision for $TABOO being a full utility based token. We released a Medium article discussing these changes and the community were happy that we were fully transparent about it. We had initially planned to renounce the contract right after launch, but if we did, we would not have been able to strengthen our LP. Once our NFT Marketplace hits, we will do a final revision, and more than likely renounce the contract. However, we believe that it is not suitable, for right now, to fully renounce the contract yet until our NFT Marketplace working product is live, and functional. We need this flexibility to ensure that what we launch is the best product possible, and that the tokenomics make the most sense for buyers, our community, and $TABOO as a whole.

Mary | Satoshi Club:
Where we can currently buy $TABOO?

Andrés M. | Satoshi Club:
What’s the max supply and current market cap?

Majid:
You can buy $TABOO on V2 Pancakeswap 🙂 We are already in talks with multiple exchanges and really close to finalizing our 1st one. For the record: We were wanting to go directly to a Top 10 exchange. This is how determined we are. We learned that we cannot, despite our push to make happen list on a T1 exchange right away. Therefore, we are going to list on a respectable, high quality T2 exchange with the imminent focus of getting onto a top 10 exchange. Soon, you will be able to buy $TABOO from Pancakeswap but multiple exchanges in addition!

Mary | Satoshi Club:
Awesome! We will wait for news from you 🚀🚀🚀

Andrés M. | Satoshi Club:
Our best wishes for Taboo on it💪

Majid:
The maximum supply is 10Billion tokens, but of course we currently have ongoing burns occuring which is consistently reducing our total supply. Our current Market Cap is sitting at 2.4Mill. Our all time high is 8Mill. While this is not financial advice, and I urge everyone to always do your due diligence and research, just remember we are still extremely young and early. We are not listed on CG or CMC yet despite applications being made too. This can happen any day. We have major model partnerships we are working on, and major global entities already wanting to work with us. Our NFT Marketplace that we develop is going to have cutting edge features that no other crypto will have. We are not yet listed on our 1st exchange. Our whitepaper will be released soon. I can keep sharing but my main point is that right now, this looks to be a perfect entry point (again this is not financial advice) 🙂

Andrés M. | Satoshi Club:
A great time to buy tokens, you have a great gem in hands 😃

Majid:
And we will be quick to let everyone know the moment we have more news!

Mary | Satoshi Club:
Super! Thank you for your detailed answers! Ready to go to the next question?😉

Andrés M. | Satoshi Club:
Thank you Majid: is a pleasure to have detailed answers.

Majid:
I was BORN ready!

Q3 from Telegram user @belkysgonzalez
You will integrate an interactive platform where users can interact with content creators directly and pay for streaming, tips, private shows and special NFTs. Will this platform resemble the most popular streaming platforms like YouTube or Twitch? Will users have to pay some kind of membership to access this platform? And will $TABOO be the only currency accepted?

Majid:
Wonderful question! This platform, and more details will be unveiled in our upcoming Whitepaper, will include aspects like staking, farming, and it will be rewards centric every step of the way. We are designing a Tier based model where members will need to hold, and stake $TABOO in order to be eligible for different categories of “exclusive” content. The content creators themselves will have incentive to join, and stay in our Marketplace too. There will be passive income possibilities, access to exclusive content (in NFT’s, and beyond), and the development of streaming services that will be integrated into our platform too. $TABOO will not be the only currency accepted either. See, we have thought out every possible scenario/angle here, and that’s why we are so excited with this Marketplace that we are developing. People will be able to buy, and tip/spend in $TABOO but direct fiat and other currencies will still be possible however our aim is to ensure that all steps we take ensures positive price impact for $TABOO token itself, so be rest assured that there will be benefits to owning, and using $TABOO token relative to other currencies too. Lastly, I will mention that what we are looking to create will be the first of it’s kind in the cryptosphere. We aren’t resembling any platforms rather we are creating the one-stop shop platform that will set the new standard. I wish I could share more but you’ll need to stay tuned for the whitepaper release for even more information! 😉 It’s right around the corner and will outline all of this in even more detail!

Done this question 🙂

Andrés M. | Satoshi Club:
Wonderful answer😁. Could share with us your roadmap? It seems that amazing things are coming for TABOO in the second half of 2021!

Mary | Satoshi Club:
What is minimum amount of TATOO users required to hold and stake to be eligible for different categories?

Majid:
Of course! We have an updated Roadmap which you can read by going to taboo.community. Before moving forward, I want to share that while we updated our website, and roadmap, we strongly believe in being able to pivot, adapt, and adjust along the way in this ever so rapid moving market. While we have defined our current road-map, we are open to allowing ourselves the opportunity to evolve it as $TABOO evolves and the mindsets of the team and community evolve with it. You can see in our Roadmap we have expected time-lines for reaching certain landmarks such as implementation of our holders tiers programs, listings on top CEX’s, staking/farming portals, a merchandise store release, V1 of our Marketplace, Certik Audit (We passed Techrate with flying colours – check our website on it) but we want to do Certik and more audits, and more!

Andrés M. | Satoshi Club:
👏

Mary | Satoshi Club:
Btw, will you update info on dextools, i see that some part of it still missed

https://www.dextools.io/app/pancakeswap/pair-explorer/0xb4e7b227d344c8ba1604ae241898e02da3d1fe63

Majid:
This is something that the Whitepaper will touch upon. We are actually in the process of working out the mathematics on this and testing out various models around what makes the most sense. Why I say this, in case some Satoshi Club members are wondering, is because we on the $TABOO team firmly believe in underpromising, and over-delivering. We do not want to share particular information that will create an expectation in investors’ minds that if not reached, will lead to disappointment. We want to ensure that every milestone, use-case/utility, and detailed plans is done carefully. We are not in a rush to launch this product because we are not a pump and dump token. Hype marketing, for example, only goes so far. We want to build this out right the 1st time. Our community members who have been loyal understand this, hence why even during these recent market conditions we have held our Market Cap strong 🙂

Yes, we are trying to get this updated. Poocoin reflects the correct information but we did notice that the information is not correct on Dextools. For example, our holder count is frozen on Dextools. It will be fixed don’t worry everyone! 🙂

Mary | Satoshi Club:
Super👏

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

Majid:
Absolutely! 🙏

Q4 from Telegram user @lzamg
One of your goals for Q2 is to begin partnerships with exclusive models and adult industry stars, which is marked as completed. Can you share with us about the partnerships you have already made in the adult industry? Do they have a background in crypto? And there are two models on the Taboo website under the “Upcoming partnerships” section, but there’s no information. Can you tell us about them?

Majid:
I’ll start by sharing that $TABOO is focused on branding itself as classy, upscale, professional, and quality driven. An example of this is seen with the models we’ve partnered with already and even $TABOO being on this AMA with Satoshiclub☺️

Our first few models that we signed are considered supermodels.
The first is Chloe Aveniam – a Dior model and McKenzie Rose – a guess model!
They have released “special” welcome videos already I urge you all to check them out😜
In fact, we have also agreed in principle on a deal with LiveRichMedia (check their instagram).
More partnerships on the way.

See, I would like everyone here to understand that every single decision we make we do it through the lens of what is best for $TABOO, the community, and investors. We have walked away from potentially massive media groups, and entities, because we felt THEY did not bring us enough value. This is how far our vision is stretched.
That section for upcoming parterships will have further information when we cement the partnerships we know are best for us 🙂

Mary | Satoshi Club:
Sure, you will have interesting partners😃

Thank you for your answer! Ready to proceed?

Majid:
You also all heard it here first about LiveRichMedia.. oops, I might’ve committed a “slip” announcement🤷‍♂️

Ready!

Andrés M. | Satoshi Club:
Thanks for the sneak peek😁

Mary | Satoshi Club:
🚀🚀🚀

Q5 from Telegram user @orlemys
You said you would offer never-seen-before uncensored NFT content. However, with so many restrictions in place, even for censored content, how do you plan to offer uncensored ones? What is your strategy/technology and why have we never seen something like this before?

Majid:
Wonderful question! I am impressed with the quality of questions from Satoshi Club and it’s members! I really am!

It is true that NSFW title tokens can be met with possible scrutiny, but this does not have to do with NFTs themselves, but the country’s governance. For example, Korea has outlawed “porn” so of course there will be limitations in this regard for some Korean based exchanges. There are no laws against NFTs in any country for how provocative they can be though so keep that in mind!

We are aware of this, and that’s why we are branding ourselves the way we have.
Our exclusive NFT marketplace will not be designed in a way where it’s Rated R right from the get go. We believe that there is room for all kinds of content creation – from fully clothed, seductive pictures, to more softcore style lingerie, to then of course more “rated R” which will have its own section on the marketplace that will require particular requirements to access.

As I said before, we have all the data we need by measuring and sizing up our competition. We are already miles ahead of them for what we’ve achieved so far, and what the community and world will see that’s unique is all the added features and integrations in this working marketplace. We have had official NDA’s signed with multiple parties because we are protecting what we feel is intellectual property for the above features and implementations.
We all also need to remember that many cryptos reach really high marketcaps without a working product.
We will continue to market this as we go, but we know that a working product > than any paid marketing as it will then market itself.

Mary | Satoshi Club:
When do you plan your NFT content to go live?😃

Btw, will you have content only for boys or for girls also?😂

Majid:
As the marketplace develops , and this will take time, we will be releasing ongoing exclusive NFTs through contests, rewards for holding $TABOO, and giveaways.
Of course we’re aware we need to keep our community “happy” in the interim😆

Andrés M. | Satoshi Club:
Sure, which categories will Taboo have?

Majid:
We want to ensure full inclusivity for all genders and gender identifications so we definitely are not going to be limiting ourselves to just one type of content😅
This will be a choice by community members. We get that TABOO is a real term. Many people are into different things. And we want everyone to be and feel empowered for this.
In fact, we will be creating an educational piece to our project so that “taboo” topics as a whole can be discussed, and people can be informed about it.

Mary | Satoshi Club:
Super👏👏👏

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

Majid:
Edited a bit more on my answer above for completion😇

Ready!

Q6 from Telegram user @Asela1112
It is mentioned about launching a Taboo farming & staking portals in your Roadmap Q3. I really like farming and staking protocals due to their passive income & long term access. Already there are 2898 $TABOO holders while the total supply 9,812,130,872.534424 $TABOO. Which assets can be used for the farming and staking? How about the TVL in your liquidity pool? How long will the pool be locked? What are the special benefits that staking holders can get in your platform in addition to 2% of $TABOO distribution?

Mary | Satoshi Club:
👍👍👍

Majid:
I agree!
Staking/farming is fantastic in the sense that long term holders would benefit from doing so.
Also keep in mind what impermanence loss looks like (research it), so when farming goes live we will make sure our community understands all the consequences to farming, vs staking.

And that question on “special benefits” as much as I do not like teasing the Satoshi Club community, you’ll have to be patient to read our upcoming whitepaper that is in the final stages of completion for release in just a few days😉

Andrés M. | Satoshi Club:
Well, thank you so much for your clear answers Majid. I’m happy to be here, we learn a lot about Taboo, a unique project with big potential.👏

Mary | Satoshi Club:
We will definitely read your Whitepaper 😃 we still have weekend and your NFTs are not live yet, so…😂

Majid:
A testament to how early you all are when buying!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @potentialsake
Why did you name your project as TABOO and not some rocket or cum or anything else?

Majid:
Great question.
Taboo in our mind is a much more marketable name than having phrases like “cum” and “porn” and “rocket”
Remember, in terms of branding, picture yourself as an individual/entity who would potentially want to collaborate with us. If our name wasn’t designed like TABOO (a general sense term), we limit ourselves to the amount and kinds of partnerships and endorsements we can lock in. Imagine you are a celebrity with a family and reputation to protect. You will be weary to partner with some of these existing names and rightfully so.

I’m personally surprised with some of the names of other tokens. It is as if they did not consider the implications of the consequences that having a name like that can bring.

Q2 from Telegram user @Asela1112
Will All the appearance of NFTs be based on the models in your platform? Do you have an idea to work with porn stras also?

Majid:
Yes yes and yes!
The attraction point for models and content creators is they get to promote themselves and have opportunities to earn healthy revenue streams by minting and selling their NFTs. We are even adding features that go beyond NFTs themselves – think video content, streaming services, tipping in our token for private access to exclusive content. I’m excited just typing this!!

We are already in discussions with porn stars. Remember, we are still adult entertainment focused but we want to make sure that you do not need to just be in porn to enjoy what $TABOO has to offer.

Q3 from Telegram user @rockmorti
Is it in your development plan to validate the progress of the project through Governance, or will these decisions remain in the hands of the main team?

Majid:
We have actually discussed governance extensively within the $TABOO team.
For now, as I’ve done before, we value all community input, ideas, and suggestions.
We have run multiple community Q+A’s and these happen on a consistent, and regular basis.
Feel free to check our website to also see recorded footage from our 1st AMA, and looking at our YouTube channel for other AMA’s.

Some of our existing and future initiatives have come from community members, so while there is a dev team we know that we are nothing without the support and loyalty of our community and will continue to earn their confidence and trust at all times!

Q4 from Telegram user @sweetdoge
Who is the $TABOO team what is the experience of the team on crypto business and do you have any female co-workers?

Majid:
The $TABOO team includes individuals in various roles, from PR, to external marketing/social media management, internal marketing roles, tech, web development, business development, strategy, admins/mods, and more.

We completely understand the importance of outsourcing talent too. While many of us play a hand in multiple areas of our project (we are multi faceted in skill-set) we have core specializations too.
At all times we also hire contract work talent as we go and always have an expansion mindset as seen in our recent hires for various marketing management roles 🙂

And yes, we do have female co-workers with us too!🔥

Q5 from Telegram user @slla1112
What kind of marketing plans do you have for Taboo’s long-term prosperity? Have you completed your technical work?

Majid:
Marketing comes in many forms.
For example, there is paid promos/advertising that is ongoing – check our recent Twitter posts for the volume of influencer videos we launched. This happens all the time to help increase and promote brand awareness.

We also understand that with marketing, comes the need of understanding that it is not just what you do, it is when , and how you do it. Focused intention is paramount. Some kinds of marketing prove effective and ineffective. Some we only learn through trial and error.
So, there is always ongoing short term micro marketing as well as careful planning on other kinds of marketing that are more mid to long term in nature.

But to us, the best kind of marketing is action marketing – having the community rally as a unit to reach one common goal. No paid marketing can ever beat this.

We’re all here for the same reason too. To become financially independent, and free. Join us on this journey, and remember, to buy us and sell early is no different than selling out on your dream futures☺️

Q6 from Telegram user @Robotliker1
What are your listings plan on exchange?do you believe token for an adult industry will be listed in exchanges?

Majid:
Hello to you too!

Believe it or not, and I want to re-share this point:

$TABOO wanted to go straight to a Tier 1 exchange. In the top 10. We were ready and prepared to do this last week.
However, we understand that in order to list on a T1 exchange we need to list on a T2 exchange first. So, that is our first target – a T2 exchange then we are immediately going after top 10/top 5 exchanges 🙂

As for adult industry tokens, many exchanges still list them.
The issue is more about deflationary tokenomics than our “title”
Exchanges are generally not happy with deflationary tokenomics because it goes against their business models, but as said before our final tokenomics will be published in unison with our marketplace development

Q7 from Telegram user @ask2lance
I saw in one of your announcement that you want to get listed on BlockFolio and Delta.I know Blockfolio/Delta are a top cryptocurrency tracking app that supports the widest variation of cryptocurrencies.Can you tell us why you want to get listed in Blockfolio and Delta since both are Tracking Apps?Are you planning to create multi-portflio for different investors and for those who are looking out for the next big thing in cryto?And how far have gone with your upvotes?

Majid:
Great question!
We believe we’ve already hit our upvotes with Delta and Blockfolio!
And we are now reaching out to them to list us. We will continue to bug them until they do.

One thing I’d like to add:
Many people are very focused on “wen cmc” and “wen CG”

While these are valuable trust platforms to search for and understand tokens, we understand there are hundreds of tracking sites globally and worldwide with large user bases, in different languages, that don’t even know or care for cmc and cg
So be rest assured we are going to target all of those big tracking sites for listing too. Because to us, we don’t see many cryptos doing this but it is a highly effective exposure marketing strategy

Q8 from Telegram user @nadee5
In your roadmap, it is mentioned about
MERCHANDISE STORE….🔥
Actually, I am interested to know,
How will MERCHANDISE STORE work? Can you tell us more details, sir?🙂

Majid:
The merchandise store is an exciting aspect to our project!
Take a look at this first prototype😉 it will definitely include everything “taboo” but with many accessories and products beyond what is expected in an adult entertainment field ☺️

Q9 from Telegram user @nguyenben
Congratulations Taboo! TechRate Audit Passed Successfully, when will Certik audit Contract?

Majid:
Certik Audit we are about to apply for. We understand it takes a bit of time to get the final results for but be rest assured it’s coming!🙏🔥

Q10 from Telegram user @luckyboy0305
Which one of these aspects is important for you?

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

In what order?

Majid:
Great question!
I would say the order of importance is:

1) Building community trust

Without community trust, we will not be able to hold higher price floors as consolidations in price have everything to do with community members holding.
With this, naturally

2) increasing token price and value

Token price and value goes up when people see an investment that is worthwhile to buy.

And then 3 + 4.

While I enjoyed this question as a thought experiment, and a great ending question to the community member questions to the AMA, the truth is all of these 4 options are equally important and we work on all of this together, consecutively, on a daily basis.
It’s our job to know what is a higher priority at any given time and we shift our focus where need be

Part 3 – Quiz Results

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

Our partners
Taboo Telegram community: https://t.me/TABOO_OFFICIAL
Twitter: https://twitter.com/TABOOOFFICIAL2
Website: https://taboo.community

We are pleased to announce our next AMA on June 16th 2021 at 03:00 PM UTC Time: Satoshi Club x Dopex.io

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

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

Part 3: 300$ – A quiz about Dopex.io

For more details:
Dopex.io Website – dopex.io
Dopex.io Telegram – @dopexofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

PART 1. Introduction of Unipilot protocol project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about the most efficient way to manage your liquidity.

Unipilot protocol helps you manage your liquidity position to maximize the returns on your investment. Earn up to 100x more fees.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Gold Rocket | Satoshi Club – @GoldRocket27

Andrés M. | Satoshi Club – @AndresM77

The Representative of the project:

Taha – @haqtaha – leading Unipilot protocol and VoirStudio Co-Founder of Xord

@asadnaeem01 – CTO of VoirStudio and Technical lead of Unipilot protocol

Introduction of Unipilot protocol project.

Gold rocket | satoshi club:

Hello again, dear satoshi club community! We are pleased to announce ama with Unipilot. Today our guests are @asadnaeem01, @haqtaha!

Asad naeem | voirstudio:

Hi satoshi club members, we are excited to have an ama session here.

Taha h:

Hello, Staoshi club,

We are glad to be here and looking forward to introducing Unipilot and the pilot protocol to this awesome community.

Gold rocket | satoshi club:

Hello and welcome to satoshi club, @asadnaeem01, @haqtaha!

Andrés m. | satoshi club:

We are so happy today. We reached 80k members. To celebrate it we bring here a great project like yours!😁

Taha h:

And we just crossed 1000 members.

Gold rocket | satoshi club:

Excellent result👍

Thanks for joining guys!

Andrés m. | satoshi club:

Congratulations well deserved👏

Gold rocket | satoshi club:

Let’s start!👨🏻‍✈️👨🏻‍✈️✈️

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

Tell us please about your position Unipilot?

Taha h:

I am taha, co-founder of xord (a blockchain service company) which we founded in 2018.

We have a team of around 80 people working specifically working on blockchain.

We have worked with many well-known blockchain projects such as trustswap, blockzero labs, Uptrennd , phoenix DAO and many more.

We recently launched Voirstudio that works on defi products and Unipilot is the first product and much more incoming

Unipilot is a novel universal automated liquidity optimization protocol. @asadnaeem01  and i are leading this project and Voirstudio

@asadnaeem01 is the CTO of Voirstudio and technical lead of @Unipilot_io

Gold rocket | satoshi club:

Hi, taha! Nice to meet you! There are a lot of famous and familiar names on your list. You have a wonderful background👏

Taha h:

I got involved in crypto back in 2017, when i invested all my savings into bitcoin and literally the next day bitcoin crashed.

It was a learning experience from there.

Gold rocket | satoshi club:

You know what pain is my friend 😉we’ve all experienced crypto frustrations from time to time, but this makes us stronger and more experienced. 😊

Taha h:

Agreed, this what allowed us to establish ventures like Xord and Voirstudio.

Andrés m. | satoshi club:

😬 yes, that’s the best way to learn. So, what is the essence of Unipilot?

Taha h:

Imagine a platform where with one click you can add liquidity with

• no more manual oversight.
• no more worrying about constant optimization.
• no more spending loads of gas fees for each optimization.
• get stable coin loans on your capital while earning fees

This is what pilot protocol is all about.

Gold rocket | satoshi club:

Sounds great👍

Taha h:

Let’s start with the problem

Gold rocket | satoshi club:

What event influenced the project the most?

Taha h:

It was March 25, I was sitting in my room working when one of my colleagues came excitedly telling me about Uniswap v3 and how it’s a gamechanger for liquidity providers.

He started explaining the concept of concentrated liquidity.

While he was explaining it, the idea of Unipilot clicked.

A protocol built upon Uniswap v3 that allows liquidity providers to optimize their liquidity position, so they don’t have to.

The protocol will always optimize your liquidity in a narrow range so you will earn higher capital.

Let’s take an example.

Even if you provide liquidity in the most optimized range

You still need to constantly monitor it to avoid getting out of range and losing fees.

If it’s still in range but not optimized, you risk losing a lot of fees.

The differences between small optimizations can be huge.

Imagine you are choosing whether to concentrate liquidity to the

Dai/USDT pair in the 0.99–1.01 price range, or the 0.9–1.1 range.

The former range is 10 times more efficient, Unipilot will allow your liquidity to be always in the former range.

Gold rocket | satoshi club:

This is very visual! Thanks a lot for the clarification! 👍

Andrés m. | satoshi club:

Interesting idea. We are excited to know more about how Unipilot works😃. We have collected some community questions for you. Are you ready to proceed?

Taha h:

Yes sure.

Preselected questions about the Unipilot protocol DeFi project.

Andrés m. | satoshi club:

Q1 from telegram user @moe_808

I read on your website about the liquidity provided funds it stated that the fees collected from the liquidity providers will go into an index fund. Can you explain to us what is this index funds means? What purposes it serves to create an index funds? How much percentage from the liquidity provided will go to the index funds?

Taha h:

Let me explain in detail.

Gold rocket | satoshi club:

Take your time, please😉

Taha h:

When a user earns fees in our protocol, they’ll have the option to withdraw in one of two ways.

1. Claim the fees in the pair that they provided, in this case, we will charge a small fee called vault fare from their fees and send this to the index fund. The percentage is initially set at 2% which can be later changed through governance.

Let me share a diagram to understand it better.

Gold rocket | satoshi club:

Feel free👍

Andrés m. | satoshi club:

Yes, please😃

Taha h:

Let’s take an example.

Suppose “jenny” decides to deposit her liquidity in an ETH/USDT vault in the pilot protocol.

After a day of trading, jenny accumulates $100 worth of tokens in total fees.

When she wants to withdraw her fees, she will have two options:

Option 1

Withdraw her $100 worth of fees and pay a small “vault fare” (2% initially, can be changed through governance). Jenny would keep $98 and $2 would be sent to the index fund.

Let’s talk about option 2:

Users can choose to claim 100% of their fees in $pilot tokens, in the case $pilot tokens will be minted equivalent to the dollar value of their fees and given to the vault participant, no vault fare is charged in this case.

The protocol will collect the user fees and send that to the index fund.

In option 2

Jenny can collect her fees in pilot tokens instead and pay no “vault fare”. $100 worth of pilot tokens will be minted and sent to jenny, and all $100 of her token fees will be sent to the index fund.

Andrés m. | satoshi club:

Got it, is clear right now. But is there a minimum deposit?

Taha h:

No there is no minimum deposit.

Gold rocket | satoshi club:

Logical enough! 👍thank you very much for the detailed answer!

Andrés m. | satoshi club:

Ready to proceed with the second question?🥳

Taha h:

We are proud that we position ourselves as the universal automated liquidity optimization protocol.

Anyone can create vaults for any pair.

No restriction.

No limitation.

We will also support more AMM in the future not just Uniswap.

Andrés m. | satoshi club:

Great strategy, I think that’s the way to increase adoption.

Gold rocket | satoshi club:

What other AMMs are in your plans?

Taha h:

Right now, there is just Uniswap v3 that supports concentrated liquidity.

We are expecting that more dex will follow this soon, and our protocol is designed to support them as well.

Gold rocket | satoshi club:

Thank you very much for your answers! Ready for the next question? Or do you want to add something?

Taha h:

Just more explanation on an index fund.

An index fund is a smart contract that will hold the fees generated by the protocol in the form of hundreds of different tokens which will back the pilot token.

The value of the $pilot token cannot fall lower than the underlying assets.

Burn token to get underlying assets

The only way to access the underlying assets/tokens is to burn $pilot tokens.

This creates a collateralized backstop to the pilot token.

Andrés m. | satoshi club:

Like a staking/farming process right?

Taha h:

It’s different.

If you own $pilot tokens, then you essentially own a part of index fund which will keep growing as more fees are added.

This way the $pilot token value will keep increasing.

Andrés m. | satoshi club:

Thanks for the clarification. Time to proceed with our next question😃

Andrés m. | satoshi club:

Q2 from telegram user @nataliyakil

Unipilot’s components include the functioning of pilot vaults, the introduction of a decentralized mechanism known as “concentration incentives” and the prediction of liquidity ranges. In your article in medium, you only talk about two of them so far: vaults and fees and fares. What are their implications for the Unipilot community? What other components does Unipilot have and how do they work?

Taha h:

For example:

Alice holds 1% of the total supply of pilot tokens. If the index fund has 10 ether, 10 dai, 10 USDT.

Then Alice can burn 1%pilot tokens to get 1 ether, 1 dai, and 1 USDT.

Andrés m. | satoshi club:

Fascinating, a great reason to invest in Unipilot👏

Gold rocket | satoshi club:

It is very beneficial👍

Taha h:

The pilot protocol consists of various components that work together to ensure that the protocol runs smoothly, this includes vaults, concentration incentives, range prediction and index fund.

You can follow our article series here where we will explain each component in detail.

 https://Unipilot.medium.com/the-pilot-protocol-2c9c436ccfc6

Gold rocket | satoshi club:

Thanks for sharing!

Andrés m. | satoshi club:

Would you like to add something before the next question?

Taha h:

Let’s proceed with next.

Andrés m. | satoshi club:

Q3 from telegram user @chencrypto

To deal with the rapidly changing market price of the asset (for say ETH price in eth/dai pool), Unipilot will use the “auto-rebalances liquidity” function (as mentioned in the article). That sounds cool, how the auto-rebalancer works? If you could give us a good understanding in the layman terms.

Asad naeem | voirstudio:

Unipilot uses a modular architecture fully decentralized where each module is responsible for a specific function.

In the architecture of pilot protocol, one module is used to decide optimal price range, on-chain using algorithms like Bollinger bands.

We have decided not to calculate the range off-chain.

The module will be replaceable through governance to support different algorithms. But at launch, we will be using spread-based range prediction with multiple strategies for supporting different risk levels.

If the price changes and moves outside of the optimal range, the captains readjust to make sure that you earn maximum fees.

Taha h:

Thanks, @asadnaeem01 for the explanation.

Gold rocket | satoshi club:

Great answer! Thanks 👍 do you want to add something? Or can we proceed to the next question?

Andrés m. | satoshi club:

Yes, clear and detailed answers, thanks!

Taha h:

Yes, let’s proceed with next.

Andrés m. | satoshi club:

Q4 from telegram user @yellowchamp

Unipilot enable to save on gas through managing just one NFT for each vault and use the Uniswap re-price function for adding more liquidity to the vault which is much cheaper than creating a new position on Uniswap.so, does the re-price function of Uniswap is accessible to everyone or you need permission from the Uniswap admins? How does this re-price function works? By using this function,is there a possibility that the price of $pilot token in Uniswap will be different from other exchanges? Aside from Uniswap, do you plan to add more swapping tools for $pilot token for more options of your traders and investors? Thank you

Gold rocket | satoshi club:

Partially disclosed. But I’m sure you have something to add😊

Asad naeem | voirstudio:

Yes, the protocol will maintain one position for each pool and issue our own NFT token to keep track of users share in that pair.

This allows us to just adjust range for that one NFT and not for each individual feature hence saving gas fees while allowing us to adjust more frequently in a narrow range so that our users earn as many fees as possible on their capital

We’ll initially list our token on Uniswap but it will be available for purchase on different exchanges

Captains can send a transaction to readjust non-optimized positions to earn rewards in pilot tokens

But the option to readjust will also be available on the front end for anyone to optimize the position

Andrés m. | satoshi club:

What is the importance and role of captains?

Gold rocket | satoshi club:

Oh! We have the next question about the captains! Maybe we can proceed to it and continue?

Asad naeem | voirstudio:

They will keep the positions always optimized and earn rewards for doing that. The system and tokenomics are designed to keep the protocol independent and decentralize and is not dependent upon a single entity.

Taha h:

While @asad is typing the answer for this.

Let me share some stats.

We are targeting AMM market which has a monthly volume of $140 billion and growing.

Andrés m. | satoshi club:

Thanks, let’s disclose more about it with the 5th question😁

Taha h:

We are targeting 10% liquidity of Uniswap initially, which will allow us to have index fund of $100 million in 6 months.

Taha h:

Gold rocket | satoshi club:

You are very ambitious guys, it’s worth noticing 😉

Andrés m. | satoshi club:

Thanks for sharing it, time to proceed👏

Andrés m. | satoshi club:

Q5 from telegram user @andrey_seleznov

Hi Unipilot!

Please tell us more about the captain’s role on the Unipilot platform. I read that anyone can be a captain and helps pilot protocol by optimizing vaults in optimal range or getting an in-active vault to activate again. How do captains do that exactly? Why do you need people to do the optimization and activation tasks, is it impossible to automate this functionality to achieve optimal results on the smart contract level? Thank you!

Taha h:

Sure, let me explain

The pilot protocol provides various opportunities for profit which helps to maintain the vault optimization.

Strategies to use these opportunities can be codified as captains – automated bots that can detect when a vault is not optimal or out of range and simply call a function to earn the incentive.

In the start, the pilot protocol will develop its own captains and will make the code open source. It is expected that developers and operators will evolve their own captains over time.

Additionally, users can also optimize the vaults directly through the DAPP.

The fee that was used by captains for sending the transaction of vault readjustment will be paid in $pilot tokens, an additional premium will be given on top of the gas fee as an incentive for optimization of vaults.

Example

If the transaction cost for optimizing the vault was $100, then the protocol will mint $100 of $pilot tokens and an additional premium of 20%, i.e $120 of $pilot tokens in total will be sent to the captain.

Andrés m. | satoshi club:

Is there another kind of bots on the platform? Different from captains?

Taha h:

No just captains which can be bots + users. This is how we compare to our competition.

Andrés m. | satoshi club:

Great job with that field. So, could you tell us about the token distribution of $pilot? How is tokenomics?

Taha h:

Andrés m. | satoshi club:

I saw, a great advantage for you, as we say “a killer feature” 😁

Gold rocket | satoshi club:

Yes, all the advantages are obvious! 👏👏👏

Asad naeem | voirstudio:

Unipilot’s tokenomics is also designed in a way to incentivize captains to adjust liquidity in an optimal range and also eliminates readjustment fees for users that they would have to pay, if they decide to manage their liquidity themselves.

Taha h:

Yes, there are many exciting features 😊

Asad naeem | voirstudio:

The pilot tokens will be backed by an index fund. All the fee that the protocol generates goes straight to the index fund.

Taha h:

Some features of the pilot protocol.

Asad naeem | voirstudio:

Those users can claim by burning their tokens according to their percentage of holdings. Then there are captains, the protocol will reward them to readjust the liquidity.

Gold rocket | satoshi club:

Great feature! Which one are you most proud of?

Taha h:

Well to be honest there are many.

1. An index fund (this will make users hold $pilot tokens which will always increase in value as the protocol is being used.
2. Interest-free loans (which allows people to earn fees as well as take stable coin loans without any interest )

Gold rocket | satoshi club:

This is really something to be proud of👍

Taha h:

Yes, many exciting features.

Asad naeem | voirstudio:

The token will also be used for governance. Governance is also a major part of the protocol. Holders can swap out protocol readjustment strategies, adjust fee percentage, adjust reward percentage etc.

Andrés m. | satoshi club:

That’s great, long term hodlers will be rewarded as well!

Taha h:

Here is the token distribution (subject to change)

Andrés m. | satoshi club:

Thank you so much for share it and for your great answers guys, ready to go with the final question of this part of the ama?😁

Asad naeem | voirstudio:

Yes, the index fund will keep collecting fees. Since the token is backed by the index fund, in the long run, the underlying core and value will get stronger

Gold rocket | satoshi club:

Thanks a lot for the answers guys!😊

Taha h:

Yes, we are.

Andrés m. | satoshi club:

Q6 from telegram user @brainchest

Please explain why in the scheme of profit, participates in the creation of NFT, and not as a usual smart contract when creating a pool? Is NFT able to perform functions that are needed such as rebalancing, deposit/withdrawal, and other operations that require logic?

Taha h:

The pilot protocol is designed in a way that you don’t have to rebalance your liquidity anymore.

So, no need of rebalancing, the protocol will do it for free.

Asad naeem | voirstudio:

There is also one feature that we are really proud of and excited about. It’s flash liquidity. Let me explain a bit more about it

Gold rocket | satoshi club:

Of course 😊

Taha h:

Flash liquidity is a liquidity farming technique coined by Unipilot which utilizes the concept of concentrated liquidity

The concentrated liquidity mechanism does not allow the price of an asset to fluctuate until all the liquidity in a given price range is exhausted.

With flash liquidity, Unipilot allows liquidity providers to achieve the highest capital efficiency possible by depositing their liquidity in fractional ranges of the current price so that they can earn more in trading fees.

Since the price of a pair generally changes at every moment this can be only done on the contract level.

Gold rocket | satoshi club:

You are true pioneers! A lot of what we have heard today are quite unique technologies👏

Taha h:

Let’s try and illustrate how the system works through an example.

Suppose bob decides to concentrate $100,000 of his liquidity in an ETH/USDT pool. In Uniswap v3, he concentrates all of his capital within 100 dollars of eth’s current price i.e., $2500. ($2400- $2600)

On the other hand, Alice, who loves to seek higher returns, decides to concentrate her liquidity of $100,000 in the same ETH/USDT pool.

However, she realizes the concept of flash liquidity and deposits her capital through Unipilot. To achieve high returns, Unipilot deploys all her capital at the current price of ETH/USDT liquidity pool i.e., $2500.

Since the current price of ETH/USDT cannot move without exhausting all of her liquidity, she earns a massive amount in trading fees ($300) since 100% of her capital has been utilized.

Repeat that process 6 times in an hour. The fees that she earns in a day are now 300*6*24 = $43200. That is about 40% return daily, this is crazy right.

Gold rocket | satoshi club:

Wow! Amazing😁

Taha h:

We are launching this feature exclusively this week before our full-fledged launch in July

Check out our designs here and keep updated by following our telegram group @Unipilot_io

https://www.figma.com/file/rai23sgmiz9estc13gv2sn/Unipilot-v2?node-id=665%3a33

Gold rocket | satoshi club:

Thanks a lot guys for your great answers. There was only one standard question left. 😉 have you done an audit of a smart contract, or do you have it in the near future?

Taha h:

We will have multiple audits of our smart contract in the coming weeks 😊

Gold rocket | satoshi club:

Thanks for sharing! Satoshi club, check it! Don’t waste great opportunities

Asad naeem | voirstudio:

Summary

Unipilot started when Uniswap v3 launched with a revolutionary feature of concentrated liquidity. Since Uniswap is the market leader, many dexes will follow and include this feature in their upcoming versions. Unipilot is designed to be universal. It allows you to provide liquidity in a very narrow range and automatically keeps readjusting it so that your liquidity is always optimized, and you earn maximum fees on less liquidity.

Unipilot’s tokenomics is also designed in a way to incentivize captains to adjust liquidity in an optimal range and also eliminates readjustment fees that the users have to pay if they decide to manage their liquidity themselves.

The token will be backed by an index fund that will collect all fees that the protocol generates. Users can claim these underlying assets by burning their tokens.

Captains will get rewarded in pilot tokens. The token will also be used for governance. Holders can swap out protocol readjustment strategies, adjust fee percentage, adjust reward percentage, etc.

Unipilot also introduces flash liquidity that allows you to provide liquidity in as narrow a range as possible, essentially earning fees on the whole liquidity in a few minutes or seconds.

Contact us on our telegram group to ask more questions about the protocol, tokenomics, governance, and token distribution.

🚀 follow Unipilot on your favorite social media platforms

Website | Telegram | Twitter | Medium 

Gold rocket | satoshi club:

Please do not forget to share with Satoshi clubbers🙏

Taha h:

Sure, we will.

Gold rocket | satoshi club:

As I understand it, the synonyms for Unipilot are uniqueness and versatility.😁

Taha h:

Uni = universal

Pilot = your liquidity on autopilot

Gold rocket | satoshi club:

Thank you very much for the great first part of our ama! Now get ready for the most exciting moment of our ama. Live questions! 🚀🔥🔥🔥

Taha h:

We are ready

PART 2.Questions about the Unipilot protocol 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 Unipilot protocol 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 @potentialsake

What is it you are targeting for the AMM market and where do you see yourself at marketcap in 2-3 years later?

Taha H:

We are looking to have a cap of at least $1 Billion in 3 years, which is very possible due to the index fund that we have.

This incentives people to hold our tokens because every day, fees are added to the protocol and if you are holding $PILOT tokens then its value will increase.

Q – 2 from a telegram user @cryptofollower

In order to earn up to 100x more fees do you manage my liquidity for the vaults and pools or do I choose which to add my liquidity? 

Asad Naeem | VoirStudio:

We have a concept called index pools, they are essentially collection of pools that you can provide liquidity in one click. But generally the platform is quite similar to Uniswap. You choose any pair you want to provide liquidity in. Unipilot automatically manages that position to make sure you earn maximum fees and your liquidity always remains in an optimal range.

Q – 3 from a telegram user @andrey_seleznov

I would like to learn more about burning tokens to get underlying assets functionality. Unipilot documentation mentions that the only way to access the underlying assets tokens is to burn pilot tokens. Will this burning affect the total supply of the $PILOT tokens or are you minting the corresponding amount with each burn? You mention that this functionality creates a collateralized backstop to the $PILOT token. Can you please explain what a collateralized backstop is? Thank you?

Taha H:

If you burn token then it’s gone for good.
The supply will decrease and no additional $PILOT tokens are minted.

For the collateralized backdrop, this means that the price of $PILOT token cannot fall lower than the tokens in the index fund.
If there are $100 Million of tokens in an index fund, then $PILOT token market cap cannot fall lower than $100 Million, it’ll always be higher.

Q – 4 from a telegram user @Kashan_Siddiqui

What is the benefit of index fund in the longer run for the end user? How will we get advantage?

Asad Naeem | VoirStudio:

Great question
Index fund is something that we are really proud of and it will play a huge role in the stability of the protocol in the long run.
The index fund will collect all the fees generated by the protocol and will back the PILOT token itself. The value of the token cannot fall below this level because the users can burn their tokens and claim the underlying assets.
Hence, it will serve as a solid base for the protocol and will grow in size exponentially as time passes.

Q – 5 from a telegram user @Amila19932

Do the PILOT token holders get the voting chance for governance? If yes how much should I hold to be eligible for voting?

Taha H:

Yes, we will have governance in our protocol.
There is no minimum limit for voting, even if you hold 1 token you can vote.
There is also a foundation fund of around 35% total supply which the community will vote on how to use it.

Q – 6 from a telegram user @cryptovgh

You have pointed out 6 members of the team in your website? Could you please explain about their experience on this industry? Do you have any plan to recruit more members as ambassadors or any other positions?

Taha H:

We actually have a team of around 12 people working just on Unipilot, the listed ones are the core.
We will add the rest of them soon.

We are all public and will be transparent with our community.

Q – 7 from a telegram user @wasifrasheed

How does Unipilot make sure that our vested amounts don’t go lower than our initial investments?

Asad Naeem | VoirStudio:

We have done great research into this. Run some financial simulations as well. The truth is we can not guarantee about the value of the token. We really believe in the project, have conducted interviews with many Uniswap’s LP providers and came to this conclusion that a quality automated liquidity management protocol is the need of the hour. As with all investments there is risk associated with it.
Our index fund will play a part here as well. It will grow in value and as the protocol matures it will grow in worth exponentially hence supporting the value of your tokens.

Q – 8 from a telegram user @Abdul_Samad007

What if no Captains are available to re-adjust the liquidity positions?

Taha H:

We have a mechanism similar to Makerdao ( DAI )
This process is decentralized and anyone can be a captain and adjust liquidity.

Since people are getting a premium on doing this, we will always have captains.
Additionally, we will also run our bots as captains and the code will be public, which the community can use to deploy their own bots.

Q – 9 from a telegram user @Jodasf

I noticed on your website that the Unipilot Roadmap is only up to the month of July, could you tell us to date, how many objectives have been successfully met, what plans are being developed for the rest of the year and how do you guarantee that they will achieve a project that will be with us for a long time and that not only that, but will also be one of the most successful projects in the market?

Taha H:

We are nailing our every deadline so far.
The protocol will be launch in July and we will keep adding more features to it.

We have the incentive to keep working on the project because we have a lock on our tokens for 6 months.
We won’t get any tokens for 6 months and then our tokens gets linearly unlocked for the next 36 months.

Q -10 from a telegram user @Cheriemike

Can you tell me what Voirstudio is all about?What connection does it have with Unipliot?

Asad Naeem | VoirStudio:

VoirStudio (https://voirstudio.io/) is a development studio that aims to revolutionize the DeFi space. DeFi is still immature and we aim to innovate this space with the help of Xord (https://xord.com/), so that more and more people can be financially free.
Unipilot is the first product of VoirStudio. We will be launching a range of DeFi protocols, that will be interoperable, improving each others utility in an ecosystem. You can join VoirStudio’s telegram (@VoirStudioDeFi) group to stay updated with how we plan to achieve this.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Unipilot protocol 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: Unipilot protocol

Telegram group  |  Tweeter  |  Website  | Medium

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 Payr and our guest was @midasico, @intelmin, @blake0619, and @cedric22pk – representatives of Payr. The AMA took place on 12th of June.

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

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

Part 1 — introduction and questions from the Website

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

D. | Satoshi Club:
Today our guests – @midasico @intelmin @blake0619 @cedric22pk ! 👋

Hey, guys how are you doing?

Blake:
Hi Community!

Ced:
Hello, nice to meet you @all

Blake:
We are doing good.

Mary | Satoshi Club:
Hi, guys! Welcome here 👍

We are also happy to e-meet you 🎉

Blake:
We are happy to have an AMA in Satoshi Club.

Mary | Satoshi Club:
We have big plans for our AMA😉 but first of all could you please introduce yourself and tell us more about Payr

Ced:
Sure.

PayrLink is a decentralized application powered by Blockchain technology that works as a decentralized third-party arbitrates transactions in a private manner from very simple and highly complex ones.
The result is a private solution and secure escrow service that renders ultimate judgements in a fast, inexpensive, reliable and decentralized way.

Mary | Satoshi Club:
These services will be available across your platform or also can be used by third parties?

Ced:
Our CEO is Maxsim Boiko Jin, who is highly motivated Founder of PayrLink with a combined experience in blockchain, which includes leadership, program and organizational development. Specialized expertise in the development of innovative DeFi and he is pushing PayrLink to the goal of next generation of Escrow

Nice question

Our escrow service will be available across our platform and also can be available by third parties

For e-shopping, market places and so on

D. | Satoshi Club:
So you are a public team, not anon?

Ced:
We are public team.

Mary | Satoshi Club:
Did you develop your project for a long time or just started?

D. | Satoshi Club:
Why did you not put your photos on the site?

Ced:
We developed our project since last year and MVP already has been released

PAYR is going to be listed on centralized exchanges like Probit, and our team already passed their KYC verification.

Blake:
We have put our LinkedIn profile and other social profiles. People can see our photo from there. 😊

Mary | Satoshi Club:
Super! But it’s almost ready to be fully relised?

Ced:
According to our roadmap, we are planning to release the full version in July

Mary | Satoshi Club:
Awesome! We will wait for news from you!

Ced:
Thanks.

Mary | Satoshi Club:
Thank you for your intro! Ready to go to the questions from our community?🚀

Blake:
We are ready!

D. | Satoshi Club:
🚀🚀🚀

Q1 from Telegram user @Highpee
Your public sale has started and it will end on 21st of June. I discovered investors will have to join sale directly from your website by connecting their metamask to the presale dApp on your page. I am always reluctant to connect my metamask and approve transactions on DApps I am not conversant with. How safe is this process and are there other alternative to buy from presale without connecting my metamask? How many token are you distrusting in your public sale and how much do you plan to raise? What is the presale price and how many $PAYR can be bought per user?

Ced:
Our public-sale on website is based on smart contract and smart contract is already audited by Solidity.finance.

We are planning to distribute 24 million PAYR via public-sale. and current public-sale price is 20% off than listing price

And everyone can buy 5 ETH worth of PAYR at max.

D. | Satoshi Club:
Are you not afraid launching your project on a bear market (some people saying we a on bear market😁)? we had AMA with projects who postponed their launches because of the current market state.

Ced:
Yeah, it was a very confusing problem.

But we wanted to go along with our roadmap and plans. and also we trusted our early contributors.

Mary | Satoshi Club:
What will you do with tokens if they won’t be sold? But of course we wish you to reach hard cap😉

Mary | Satoshi Club:
I mean with that part which won’t be sold if this will take place

Ced:
yes, our public-sale is hard-cap. and the tokens will be burnt if they won’t be sold.

Mary | Satoshi Club:
Gotcha 👍

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

Ced:
Sure

Q2 from Telegram user @SabriFR
PayrLink’s goal is to revolutionize the trust industry with decentralization, but from their point of view; Why is it necessary to revolutionize the trust industry, at present it is not relevant or can not meet the needs of users? And how would they be able to revolutionize it so that it is completely effective for users, what are the tools and strategies that they are going to implement?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Our goal is to revolutionize the crypto escrow with secure and decentralized solution.

Mary | Satoshi Club:
Welcome here 👍

What issues do you see in existing system? Why it has to be revolutionized?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Actually, since crypto transaction is irreversible, many crypto users are losing their money because of untrusted services and scams.

Ced:
According to research, number of reports in financial fraud is over 40k in Australia last year

The amount lost is over 30 million dollars.

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Here are main reasons why we are trying to revolutionize crypto escrow services.

1. Crypto Transactions are INSECURE since it is unable to refund
2. All Transactions are PUBLIC in Blockchain Network
3. Existing Escrow Services are Too CENTRALIZED

Mary | Satoshi Club:
Wow! It’s incredible number!

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
And, although blockchain technology serves as a powerful tool because of how it delivers transparency, not everyone wants their transactions and balances to be publicly viewed by everyone. PayrLink ensures that users can be afforded anonymity and privacy, all while giving them some much-needed peace of mind.

Mary | Satoshi Club:
In crypto we are losing more daily, i think, in rugpulls and hacks

Ced:
Yes, that’s right.

That’s the reason why we need the innovation in crypto escrow service and decentralized arbitration

Mary | Satoshi Club:
Yes, it has sense😀

Can you give us example from real life how you can prevent fraud?

Ced:
PayrLink recently set out a use case that illustrates how its infrastructure works. In this case, Alice is an entrepreneur in the U.S. who hires Bob, a programmer in another country. Alice ends up unsatisfied with the quality of the work that has been delivered, but Bob argues that what he produced was exactly in line with the project’s specifications. Given the sheer expense associated with international disputes of this nature, PayrLink’s infrastructure helps offer a more affordable alternative.

Jurors who are specialized in these areas have the chance to assess who they think is right, being rewarded for their efforts. Both participants in the case end up being informed by email about the outcome of the dispute, and a smart contract releases funds to that party.

Mary | Satoshi Club:
Super! Thank you for your clear answers😀

Ready to proceed?🎉

Ced:
Yeah, ready.

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Yeah

Q3 from Telegram user @JoanaZ
Considering that the main purpose of the platform is offer a secure P2P platform to users to interact with Fiat and Stablecoins, can you tell us why do you need the PAYR token? How this token fits into the ecosystem?

Ced:
PAYR is the governance token of PayrLink. PAYR holders can stake their PAYR to PayrLink escrow pools and get rewarded from PayrLink.

Intel:
PayrLink is a secure escrow platform, where people can make safer transactions of crypto currencies. People should spend very low percentage of transaction amount as a fee per transaction, and this would be our main profit source. PAYR Holders could stake their PAYR into the platform to get a part of the total profit generated by platform.
Anybody from anywhere of the world can be a juror and can take part in our disputes resolution. Jurors could get revenue by their fair judgement. The revenue source of jurors would be the disputes fee provided by dispute parties.

Mary | Satoshi Club:
They will be only able to stake PAYR on your platform or you will add farming on some platforms also?

D. | Satoshi Club:
How many percentage of total supply allocated to rewards pool?

Intel:
Our team already have completed our farming DApp, where people can stake lp tokens and get rewards in PAYR.
We are going to launch the farming app once the PAYR token is listed on Exchanges.

Mary | Satoshi Club:
Btw, which blockchain you will use?😀

Ced:
PAYR supply is not allocated to reward pool. Rewards for stakers are generated from PayrLink as transaction fees.

Ethereum mainnet.

For the future plans, we will implement our service in BSC and Solana.

Mary | Satoshi Club:
Only Ethereum or you will add more in the future?

Oh, i see😀

Thank you, guys! Do you want to add something or we can go to the next question?

Ced:
Done, thanks

Q4 from Telegram user @Ashia_24
PayrLink is similar to a digital court system, with jurors acting as judges in a real court, with ultimate rulings based on their vote contracts. Could you tell us about your Jurors? Are they qualified and experienced in judging both parties and determining who will win the case? What are the criteria for selecting jurors in your platform? How to become one of your Jurors?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Anyone can be a juror but they will be asked for strict KYC and verification process in order to work as a juror.
Our arbitration has 3 core features, reputation system, private voting, and KYC.

Mary | Satoshi Club:
How you will incentive people to become Jurors?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Once they have passed the KYC, they should stake $PAYR and our voting system will work with proof of stake.

D. | Satoshi Club:
Do they have to hodl any minimum amount of $PAYR to be a candidate?

Intel:
PayrLink takes a dispute fee when resolving each dispute.
Once a dispute is resolved, the dispute fee will be distributed to winning jurors.

Intel:
Yes, the dispute fee will be distributed in proportion to their staked PAYR amounts.

Mary | Satoshi Club:
That’s nice👏

What is minimum to hold?

Intel:
There’s no minimum amount.

The voting result is related to their staked amount.

So the less a juror staked, the less weight will be affected to the voting result.

Jurors can’t take part in the voting if they stake zero PAYR.

Mary | Satoshi Club:
Very clear answers, guys😀

Ready to go to the next question?

Intel:
Sure.

Q5 from Telegram user @Cheriemike
Overflow and underflow bugs are infamous bugs that are not just problematic in smart contracts, but also in traditional systems. We have seen most cryptocurrency project’s been stolen by hackers using phishing attacks to steal their cryptocurrencies. How does Payrlink plan to solve this blockchain security issues please kindly tell us. Thanks.

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Yes.

Ced:
Our smart contract are already audited by Solidity.finance to prevent that kinds of bugs and attacks. Our devs already implemented some guards and exceptions in the smart contracts.

D. | Satoshi Club:
Do you have plans to do audit from top-tier audit firm? like certik or slowmist?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Of course we will ask auditing to that kind of top tier audit firms soon

Mary | Satoshi Club:
May be you plan some cooperations or partnerships with insurance projects to prevent loses in case something will go wrong?

Ced:
Currently, we don’t have partnerships with insurance projects now, but will do it for the future plans.

Mary | Satoshi Club:
Gotcha 👍 Guys, are you ready to go to the 6th and last question from this part?

Blake:
Yeah

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Yes, please.

Q6 from Telegram user @orlemys
Your roadmap only offers information on your plans until July 2021. Since it seems like this app is complete and easy to use, maybe it is difficult to see how far it can go. This project can be considered a long-term one, but it still makes me curious, do you plan on releasing new features in the future? If not, does it feel like you’ve reached a dead end?

Intel:
We already announced the enhanced roadmap of 2021 as a medium article.

https://medium.com/@payrlink_official/roadmap-2021-of-payrlink-9513e4748893

We have lots of plans to improve our project this year, including launching v1.0 on both Ethereum mainnet and BSC, Creating cross-network bridge, etc.

Mary | Satoshi Club:
Oh, you will have one more pre sale on BSC😀

D. | Satoshi Club:
I can’t see any plans regarding NFTs 👀😉😄

Mary | Satoshi Club:
How is it even possible 🤣

Ced:
PayrLink doesn’t support NFTs

Since PayrLink is a DeFi project, we will implement stable coins and master coins.

D. | Satoshi Club:
Understood, thanks! what are master coins btw?

Ced:
BTC, ETH, something like these, I mean

D. | Satoshi Club:
Ohh, got it 😉

Mary | Satoshi Club:
This was awesome 😍

Part 2 — live questions from the Telegram community

Q1 from Telegram user @bindass1444
On your website, I read your white paper … My question is what’s the role of juries in payrlink platform… And can I become a jury…. And whats are the requirements for becoming a jury???

Ced:
To be a juror in PayrLink, you have to pass KYC verification on our platform. And then you have to stake your $PAYR to the decentralized arbitration center. Those are the main steps to become a juror.

Q2 from Telegram user @Karoceh
You mentioned that PayrLink ensures that users can be afforded anonymity and privacy. But how will Payr tackle the regulatory measure or/and any other tight restrictions issues? and is KYC mandatory to use Payr services?

Blake:
Anyone can use our service anywhere. They don’t need to do KYC verification. KYC is mandatory for users who want to be jurors.

Q3 from Telegram user @cryptoneco
The expansion strategy of the projects to reach more users is important. What regions are you currently focusing on geographically to attract more customers and users to PayrLink?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Our geographical target is all over the world.
Since our aims is to make PAYRLINK the world most popular and secure crypto escrow and final goal to make a reliable payment gateway, anyone can use our PAYRLINK from any way and anytime.
That is why there is no limit and specification in geographical target.

Q4 from Telegram user @NSZR1
I read that PayrLink prides itself in providing a secure service to help prevent the losses of consumers would have faced due to fraud. Could you briefly explain what features of Payrlink serve exactly this purpose? In addition, the security and privacy of the users is a very important issue, how is the ZKP able to ensure that the information of the users is not leaked?

Ced:
Since PayrLink is an escrow service with decentralized arbitration, it will resolve the disputes between buyers and sellers to prevent the losses of consumers in a fair manner. For privacy, we implement ZKP to hide the address of the recipient, so that no one can track their transactions.

Q5 from Telegram user @Arisabela
I saw that your early buyers from presale will be able to withdraw their $ PAYR after listed on uniswap, but will it be immediately after presale? Many times it takes a long time to list the token and add liquidity which generates anxiety in the buyers, do you assure that it will be fast? What other plans do you have to list your token on exchanges?

Blake:
Yes, the buyers from presale is able to withdraw their $PAYR after listing. To make listing quicker, we already contacted Probit and we are working together to list our token. IEO will be done on Probit after presale, and it will take nearly a week to list our token on Probit Exchange. At that time, we will also provide liquidity to uniswap. After this process, buyers from presale can withdraw their $PAYR.

Q6 from Telegram user @analindy1
You told your to implement your service on BSC and Solona. why do you to implement on TRx also? You said you use etherium mainnet!
firsly you use etherium ! why? what do you think about etherium and bsc bridge?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Implementing PayrLink on BSC is our plan after launching the Ethereum Mainnet, and we will implement our service to many other networks as we announced from the needs of our Escrow, including Solana, Tron, and Matic.

Q7 from Telegram user @manugotsuka
This June 23 Payr will conduct its pre-sale event so can you give us a summary about how participate on it? Do you require any special step before it?

Ced:
Here is the user guide for public-sale participants.

https://medium.com/@payrlink_official/how-to-buy-payr-public-sale-user-guide-738927d0a23c

There is no special steps for public-sale.

Q8 from Telegram user @Rosane1a88
In PayrLink disputes will be resolved by distributed Jurors all around the world, which have to be fully verified. How is that verification process and what makes it enough to know Jurors are worth the trust of both parts of a dispute?

Intel:
Here is our verification process.
Candidates who are willing to become a juror in our Arbitration Center should pass KYC verification. They are required to send their personal information like Full Name, Resident Address, Photo, Government Issued ID Card, etc. Our support team is dedicated to verifying this information and will get back to them.
Verified jurors should be unknown to communities since it could affect their fair actions on dispute resolution. If someone violet this rule, he would be removed from juror lists immediately.

Q9 from Telegram user @nadee5
PayrLink is a huge project.
How do you make popular this worldwide?What are the strategies to attract more users? especially non-english users?

⚡️Ⓜ️ⓘⓓⓐⓢ⚡️:
Since PayrLink targets worldwide as a geographical target, we will implement multi-language features and open official communities for non-English users.
PayrLink is hiring now, and we will hire experts in marketing for non-English users.

Q10 from Telegram user @Cheriemike
What is Safemath and Re-entrancy Guard in your platform?

Intel:
Safemath and Re-entrancy are libraries to protect our Smart Contracts from those kinds of attacks.
SafeMath. Wrappers over Solidity’s arithmetic operations with added overflow checks. SafeMath restores this intuition by reverting the transaction when an operation overflows. Using this library instead of the unchecked operations eliminates an entire class of bugs, so it’s recommended to use it always.
Re-entrancy Gurad is used to protect our Smart Contract from re-entrancy attacks, the well-known vulnerabilities of Smart Contract.

Part 3 – Quiz Results

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