Satoshi Club

We are pleased to announce our next AMA on June 11th 2021 at 03:00 PM UTC Time: Satoshi Club x Pornrocket

⚠️Click to see the hour
⚠️Total Reward pool: $1000

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

Part 3: 800$ – A quiz about Pornrocket

For more details:
Pornrocket Website – pornrocket.co
Pornrocket Telegram – @prnrocketbackup
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 FootBallSport and our guest was the founder of the FootBallSport project,  @FootballSportfounder. The AMA took place on 8 June.

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

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

Part 1 — introduction and questions from the Telegram community

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

Andrés M. | Satoshi Club: Today our guest is @FootballSportfounder. Welcome to Satoshi Club.

Matthew Morris _founder FootBallSport: Hi evereryone!!!!

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

Andrés M. | Satoshi Club: How are you Matthew?😃

Matthew Morris _founder FootBallSport: Im doing great!!!!

so excited to be here

!!!

Gold Rocket | Satoshi Club: Let’s start!⚽️

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

Tell us please about your position FootBallSport?

Matthew Morris _founder FootBallSport: Sure, I’m Matthew Morris, currently living in Cyprus, the founder of the FootBallSport project. We have a team with 10 years of industry experience who have worked on many significant projects.

Andrés M. | Satoshi Club: What is the essence of Football Sport?

Matthew Morris _founder FootBallSport: FootBallSport project is the first sports, casino, game, jackpot betting platform on the Ethereum network. We bring this billion-dollar industry into the Defi decentralized space to upgrade and improve the inadequacies of liquidity, safety, and customer information like the traditional way!

Football Sport – The Future of Betting Industry Defi

done

Andrés M. | Satoshi Club: That’s great, a unique project. Btw, why did you choose ethereum network? Which benefits it brings you?

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

Matthew Morris _founder FootBallSport: Our team members come from many countries: UK, Australia, Singapore… Our team has extensive experience in the gambling industry in large companies. After we noticed the defects in the liquidity, deposit, and withdrawal features, so we decided to build the project on Defi space, overcome the current disadvantages to develop in the market.

Gold Rocket | Satoshi Club: Well, flexibility in a volatile crypto world is a very good property for a project. 😊

Matthew Morris _founder FootBallSport: yes

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

Matthew Morris _founder FootBallSport: let’s Start!

Q1 from Telegram User @meml97

I read that one of the things FootballSport Finance is planning to do, is releasing a series of NFT games, can you tell ya more about this? How many games do you plan to have on your platform and what will they be about? What will the relationship between the games and NFTs be? And will such NFTs be useful in other areas of the platform, for example on the casino, or as part of bets?

Matthew Morris _founder FootBallSport: When we entered the cryptocurrency market, we did many market research in the last 1 year. The NFT trend is very explosive right now. We are game founders. We always capture market trends to create attractive, trending games. We will have a series of NFT games coming out, including sports games. We will announce the launch of these NFT games in line with our schedule in Q3 of this year. Follow our channel for updates!

done

Gold Rocket | Satoshi Club: Quite right! This is the top topic today👍

Andrés M. | Satoshi Club: Do you have some NFTs designed?

Gold Rocket | Satoshi Club: Thank you very much for your answer! Give us some hints. will such NFTs be useful in other areas of the platform, for example on the casino, or as part of bets?‌‌

Matthew Morris _founder FootBallSport: We are currently focusing on launching our first betting platform.

Andrés M. | Satoshi Club: What kind of sport bets your platform supports? Football, basketball, videogames?

Matthew Morris _founder FootBallSport: Of course, our products are all related to the betting platform. you can use all our products to bet, make a profit

Gold Rocket | Satoshi Club: Thank you very much for the clarification. ready for the next question? ⚽️

Andrés M. | Satoshi Club: Great features for users, sounds highly interesting.

Matthew Morris _founder FootBallSport: yes!

Q2 from Telegram User @lzamg

The casino industry is one of the biggest sources of entertainment in the world, but it also has a bad reputation because of the lack of transparency. So I would like to know, is FootBallSport completely transparent about all the betting games, results and rewards? Are your users always aware of the whole process of betting?

Matthew Morris _founder FootBallSport: Of course, every industry has its bad and good sides, but some rules are the industry norm; we can’t break them. We will do everything we can to make everyone feel safe and transparent! Please be  assured about that

done

Andrés M. | Satoshi Club: Security is so important for the users, have you audited your contracts to assure the funds are safe?

Matthew Morris _founder FootBallSport: We have been through 2 audits of the 2 most reputable audit platforms in the market : Solidity and Solid. So we are confident our project legit!

FootBallSport tokens are used for trading and liquidity on the betting services of FootBallSport and our industry partners

Full Report: https://solidity.finance/audits/FootBallSport/      

Matthew Morris _founder FootBallSport:

done

Gold Rocket | Satoshi Club: Who are your main competitors and partners? 😉 ⚽️

In your opinion

Matthew Morris _founder FootBallSport: Currently we have no competitors. Our partners are all partners in the betting industry. ^^

Gold Rocket | Satoshi Club: Thanks for sharing! And thank you very much for taking care of this.👏👏👏

Andrés M. | Satoshi Club: Who are your most important partners?

Matthew Morris _founder FootBallSport: The EBET, WIN WIN ,EVOLUTION… they are all our important partners

Gold Rocket | Satoshi Club: Thanks! Ready for the next question?

Matthew Morris _founder FootBallSport: yes

Q3 from Telegram User @orlemys

Footballsport will build its ecosystem on the Ethereum network. However, this may come with a handful of difficulties, like gas and scalability issues. Can you tell us how you plan to deal with this, while still attracting users to your platform?

Gold Rocket | Satoshi Club: famous names👍

Andrés M. | Satoshi Club: Ebet one of my favorites😁

Matthew Morris _founder FootBallSport: We have considered quite a lot about choosing a network for the betting industry. The system’s security and safety are the priority, so we decided to develop on the Ethereum network. Regarding the transaction fee for our customers, we will have a bonus when depositing to compensate for the high transaction fee!

done

Andrés M. | Satoshi Club: Oh that’s a great strategy👏

But, do you plan to have a bridge with other chains like BSC in the near future?

Matthew Morris _founder FootBallSport: After our system goes into stable operation, we will develop on other networks on Defi space

Gold Rocket | Satoshi Club: Thank you very much for your answers! ready for the next question? 🎰

Matthew Morris _founder FootBallSport: Surely!

Q4 from Telegram User @yellowchamp

In FootBall Sport Finance roadmap,I see that every quarter you will have a plan to increase your token in which in 2nd quarter of 2021 you stated that 70% of the company profit for UEFA EURO 2021 are allocated to the token appreciation fund used to buy back tokens in the market and burn and in 3rd quarter you plan to increase token through 40% of the quarterly monthly profit will be allocated to the token appreciation fund,buy and burn tokens on the market and in 4th quarter you plan to increase thru 25% of the quarterly monthly profit will be allocated to the token price increase fund buy and burn tokens on the market. So,do you think this plan will have a good result especially to increase the value of your token in the market even in bear market? So,can you tell us more about the token appreciation fund and the token price increase fund that you have in your platform? Since,your roadmap is until Q4 2021,is this token price increase plan will continue until next year and so on? Thank you

Matthew Morris _founder FootBallSport: We are a billion-dollar entertainment industry with huge profits compared to all industries. It is not affected by the cryptocurrency market, so we confidently say we will discount profit to promote token value all the time and every time.

done

Gold Rocket | Satoshi Club: Absolutely clear answer!

Can you share a roadmap with us?

Matthew Morris _founder FootBallSport:

sure !

Andrés M. | Satoshi Club: Thanks for share it, please tell us about your token, how is the tokenomics? The token amount distribution

Gold Rocket | Satoshi Club; By the way, the design of your website is very attractive😍

Matthew Morris _founder FootBallSport:

 

here you are!

thank you sooo much!!!!!

Andrés M. | Satoshi Club: Great news are coming for June 10 I see😁

Matthew Morris _founder FootBallSport: Yes! Coming in 2 days!

Gold Rocket | Satoshi Club: Thank you so much for sharing! Yes, a big event is coming very soon🙏

Andrés M. | Satoshi Club: Time to proceed with the next question, would you like to add something before?

Matthew Morris _founder FootBallSport: just go ahead

Q5 from Telegram User @andrey_seleznov

⚽️Hi Footballsport! ⚽️

I see the Pool section on your website that is educated to Premier Sale and Public Sale events. Can you tell us why you decided to launch on your platform instead of going through a big launchpad to get more public exposure and kickstart the user base that way? What will be the requirements to join your presale, will it be open to all in a FCFS format or a whitelisted event for the lucky few? Thank you!

Matthew Morris _founder FootBallSport: Our industry has its own rules. We develop independently on our platform, so we decide to sell on our website!

https://footballsport.finance/

Andrés M. | Satoshi Club: Is there a whitelist?

Gold Rocket | Satoshi Club: Well! it really makes sense👌

Matthew Morris _founder FootBallSport: we want everyone to be able to join our project, so no need for whitelist.. Just need to visit our Website:  https://footballsport.finance/   

Gold Rocket | Satoshi Club: Thanks for answers! Ready for the next question? 😀

Matthew Morris _founder FootBallSport: yep

Q6 from Telegram User @johana0012

pioneering service cryptocurrencies bet on the Defi platform.  No need to use cash;  all transactions occur through criptomonedas with extreme safety.  What’s true they are the bookmaker with the best reputation and extremely high fees?  What are the game offered at FootballSport?  What strategy should implement to get rich quickly?

Matthew Morris _founder FootBallSport: We integrate all existing betting types: sport, casino, game, jackpot…. on our platform! Our token holders can join all our services, and we will offer tiers, membership cards with token holding levels from low to high. Each tier will have advantages. A special offer is a refund policy when there is a loss for holders! We also propose more incentives for our token holders to hold our tokens for a long time, such as profit-sharing from the project’s revenue….. please join us to enjoy the incentives very special from FootBallSport

done

Andrés M. | Satoshi Club:  A lot of benefits for holders, great job thinking on your investors😃👍

Gold Rocket | Satoshi Club: Great answer! thanks

Andrés M. | Satoshi Club: Well @FootBallSportfounder, thank you so much for your clear answers. Now get ready to interact with our dear community in the live segment.

Part 2 — live questions from the Telegram community

Q1 from telegram username @Denybela

projects have been scammed. Why should I trust FootBallSport? how do you convince me?

Matthew Morris _founder FootBallSport: As pioneers in this field, we bring a reputable, quality, and safe playground to the cryptocurrency investor’s community. So that you can safely participate with the top matches, and the feeling of victory is overwhelming. Operating the system on the Defi decentralized platform ensures absolute safety and information security for customers. Unlike before, users have to register for an account and deposit and withdraw money through a manual intermediary payment gateway; all your information and data are public on the system. With us, you only need a cryptocurrency wallet, and connect the wallet to the platform. Then make staking transactions that guarantee the absolute security of customers’ information

Our products are all real, highly profitable products. Besides, we will have a large budget to help the token increase in price.

Q2 from telegram username @captainprice111

Betting models have high profit margins. Will you continue to burn coins based on the rate of increase in the price of your FootBallSport Token?

Matthew Morris _founder FootBallSport: Football sport is also a provider of payment and liquidity in the betting market. Profits from our betting models will be deducted at least 25% for token development and token redemption on the internet market and burn. The larger the profit, the faster the token burn rate. You know the gambling industry’s profits are very high; we believe the token will increase in price every day because of that.

Q3 from telegram username @ubina09

Can you share a useful  link about your project to stay updated in your amazing Project

Matthew Morris _founder FootBallSport: Website: https://footballsport.finance/  

🚀 Social media channel:

 TWITTER https://twitter.com/football_bet21

👉 REDDIT https://www.reddit.com/user/football_bet21

👉 MEDIUM: https://football-bet21.medium.com/

👉 TELE GROUP https://t.me/FootBallSport_Official21

Link pool premier sale: https://footballsport.finance/pool

 Please check here ❤️

Q4 from telegram username @topind7

What is your plan to plant communities in sevaral countries so as create more awareness about FootballSport and also how many do you plan to reach this year?

Matthew Morris _founder FootBallSport: Currently, we built many agents and offices in many countries to promote the image of the platform to the community. We are confident that with the characteristics and profits of the industry

We have a strong marketing team in many countries, with a betting background marketing is the main factor because currently, we are establishing communities in countries with representative offices to expand agents in Asia, Europe, and Australia. We are confident that it will explode powerfully shortly and become top in Defi

Q5 from telegram username @highpee

Hello Matthew 🎰⚽️

I can see that you are having two sales: PREMIER SALE and PUBLIC SALE and both of them will end by June 15. What is are the differences between the two sale? And which of them is open to general investors to participate in? Do users have to PRE-APPLY for this?

Matthew Morris _founder FootBallSport:

Our presale is divided into 2 rounds: Premier Sale and Public Sale.

we are currently fundraising to build the platform. You can join us right from the premier sale to have the opportunity to own tokens at the lowest price

FootBallSport is the first football betting , casino service on the Ethereum network.

Premier Sale:

 📅 Start Date :8:00AM UTC  JUN 10

📅 End Date : 8:00 AM UTC   JUN 15

Public Sale:

📅 Start Date :11:00AM UTC  JUN 15

📅 End Date : 11:00 AM UTC   JUN 20

Q6 from telegram username @arboledae

What privileges will the investor who decides to join this project have?

Matthew Morris _founder FootBallSport: As our token holders, we will offer tiers on a tiered levels. Those who qualify for a tier , if you  losing bet will have a standard refund policy, depending on the tier that you hold! so it would be best if you owned a lot of our tokens to enjoy our many preferential policies

Q7 from telegram username @esrarengizbtc

⚛️  The Ethereum network is good in many ways as there are many great caps here. It is more reliable than other Chains.

Why did you choose us the ETHERIUM network and do you have future plans for integration with other Chains

Matthew Morris _founder FootBallSport: The Ethereum network is one of the strongest blockchains, it has the best security with the majority of large-cap projects being developed over the years, and a huge community. FootBallSport aims to continue to apply the Ethereum ecosystem to develop and bring to the crypto community the most exciting and attractive betting playground! After the project goes into stable development, we will continue to develop to other networks like Bsc, Matic, Solana

Q8 from telegram username @adaatalay

What are FootBallSport’s plans for the near future? What has he accomplished since the beginning?

Matthew Morris _founder FootBallSport: 2 to the 5-year goal, we will become the leading liquidity provider for the gambling industry, we will list major exchanges and bring token capitalization to tens of billions of dollars.

We have the ambition to become the most significant betting and payment platform in the Defi ecosystem. With the advantage of the industry with huge profits, we believe that we will be leading in the Defi space.

Q9 from telegram username @Hkelare

Audit is important for both trust and security? Have you done any audit of your project

Matthew Morris _founder FootBallSport: We have been through 2 audits of the 2 most reputable audit platforms in the market : Solidity and Solid. So we are confident our project legit!

FootBallSport tokens are used for trading and liquidity on the betting services of FootBallSport and our industry partners

Full Report: https://solidity.finance/audits/FootBallSport/    

Q10  from telegram username @Homeeeeeeeeeeeeeeeeeeeeeeeeeeeee

Lately most projects on the Crytocurrency space are characterized by serious security issues. What steps have taken to ensure that security is not an issue here?

Matthew Morris _founder FootBallSport: The gambling industry has been around for a very long time. It is the most profitable of the current industries, so our project is actual, and our product is directly profitable hourly, daily, unlike other projects. The project only draws an illusory future route

Part 3 – Quiz Results

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

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

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

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

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

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

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

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

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

Website: https://esatoshi.club/

Our partners:

Website: https://footballsport.finance/    

Twitter: https://twitter.com/football_bet21

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 Kine and our guest was founder and the CEO of kine protocol @lei_kine. The AMA took place on 8 June.

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

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

Part 1 — introduction and questions from the Telegram community

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

D. | Satoshi Club: today our guest – @lei_kine ! 🚀

welcome to Satoshi Club!

how are you doing?

Lei Wang: hi all, thanks Satoshi Club for the invitation, my great pleasure to share about Kine protocol here

Mary | Satoshi Club: Hello, Lei!

D. | Satoshi Club: 👍 happy to have you here!

Mary | Satoshi Club: We are happy to see you here today 👏

Let’s start our AMA 🚀

Lei, could you please tell us about your role at Kine

And of course, please, introduce Kine to our community!

D. | Satoshi Club: nice way to start AMA 👀👍

Lei Wang: I am the founder and the CEO of kine protocol. Before building Kine protocol I was heading huobi’s institutional business and prior to that I worked in several  major investment banks heading the derivative trading technology in London and Singapore, most of the team has started working with me since then

Mary | Satoshi Club: How long are you in crypto? What are its advantages 😄

Lei Wang: We are a bunch of engineers who loves trading, many are excellent traders, during our crypto trading, we are not satisfied with current trading environment, we identified a lot of issues affects our trading experience and we talk about potential solutions all the time, eventually instead of waiting for a perfect platform to come to existence, we decided to build one for ourselves and everybody who loves trading. Especially with the raise of defi, the timing is perfect for us to do so. It took us 6 months of hard work to build Kine, our dream derivative trading market

D. | Satoshi Club: so Kine is your first project in crypto as a CEO?

Lei Wang: yes, correct

Kine is a defi protocol you can trade derivatives in a fast, transparent, and effortless way. It offers unlimited liquidity, up to 100x leverage, immediate execution, 0 slippage, 0 gas fee with cross margin support, extremely low latency with high throughput that is comparable with any cefi derivative markets. It brings user defi level of asset security, transparency, annomasity and cefi level of efficiency and low cost

Mary | Satoshi Club: And it’s awesome, that you decided to build something based on your experience!

Lei Wang: yes, few veruy lucky doing what I love

D. | Satoshi Club: nice! 0 gas fee is especially very cool 😊👍

Lei Wang: we are now the number 1 defi derivitive protocol on ehthrum in volume, today’s 24 hour volme is 75m$

Mary | Satoshi Club: Why not 100x leverage?😉

D. | Satoshi Club: because i don’t use leverage trading 😄

super! 🙌

Mary | Satoshi Club: Incredible numbers!

When Kine went live?

Lei Wang: over 5000 active trading user today!

26th March, only less than 3 months ago

Mary | Satoshi Club: And so many active traders! It means everything works very good!

How many liquidations?😄

Lei Wang: yes, and we are launching on bsc this thursday

let me check from live dashboard

D. | Satoshi Club: 👏👏👏 so it will boost amount of traders on your exchange for sure

Lei Wang: 150 today, not a great day for crypto

Mary | Satoshi Club: Oh, it’s also awesome! May be it’s time for us @Cool_as_Ice to try leverage trading?😂

Lei Wang: I belive so, just did a ama with 1 of the largest bsc community this moring

Mary | Satoshi Club: Yes, that’s true

D. | Satoshi Club: maybe 😁

Lei Wang: you should, it’s fun as long as you know how to manage risk, I dont recommand beginners to use high leverage though, keep it under 5X is my suggestion

Mary | Satoshi Club: Congratulations! Sure it wi be a big day for Kine and BSC!

D. | Satoshi Club: 👍 thanks for suggestion, we will keep in mind

Lei Wang: thx

Mary | Satoshi Club: Yes, i also think so, and to be honest want to try leverage trading 😉

Thank you, Lei for your introduction! Do you want to add something or we can dive deeper into the details with the questions from our community?

Lei Wang: it helps capital efficiency, many abritrager uses it to hedge their spot risk

please go ahead

Q1 from Telegram user @Jonahapagu

KINE Exchange is implementing on its platform a peer-to-pool model, this model has been used by other projects such as Synthetix and Compound finance, but KINE Exchange is said to be implementing a more improved version of this model, so how does KINE exchange implement the peer-to-pool model on its platform, and what are the features and improvements that KINE is implementing in this Model when compared to implementation of the model in other Platforms..

Lei Wang: sure 1. Kine accepts a wider range of pledged assets, almost all major crypto assets (now major bsc asset as well) can be used for collateral, which expand our user group to much wider audiance

2. Kine can support higher leverage and higher frequency derivatives trading, synthetix not yet support leverage I believe

Lei Wang: 3. most importantly we solve the biggest issue of the current defi derivative space, the high gas fee and latency by combining on chain staking, clearing and settlement and off chain trading engine

Mary | Satoshi Club: Where can we find the full list of accepted assets?😄

Lei Wang:  on etherum: wbtc, eth, usdt, usdc and ofc kine

on bsc: BNB, BTCB, ETH, LTC, XRP

and BCH

D. | Satoshi Club: do you not support DAI? quite popular asset as well

Mary | Satoshi Club: Yes, that’s real issue! So, it’s really 0?

Lei Wang: 4. 1 more, Kine developed a high-performance oracle to realize real-time pricing feed to solve the user loss caused by the front-run. I believe front-run and toxic flow are the biggest issue with synthetix atm, due to the oracle latency, we built our high efficiency oracle with millisecond level latency, no room for front-runners

good suggestion, I think it’s in the plan in next batch bucket

D. | Satoshi Club: nice! yeah front-running is the problem on eth

Lei Wang: yes, absolutely 0 gas fee

Mary | Satoshi Club ; I am yours 😄

Thank you for your answers, Lei! Are you ready for the next question?

Lei Wang: that is why we can accumulate 1.7 billion trading volume in last 2.5 months, nobody wants to pay gas for high frequency derivative trading

yes

Q2 from Telegram user @meml97

It caught my attention that Kine will have a “Multiplied Staking Rewards System, where staking rewards are comprised of both trading fees from Kine Exchange and token distributions from the Kine Ecosystem Grant”. Can you tell us more about this reward system and how does it exactly work? Also, what is this Kine Ecosystem Grant? How can users get tokens from it?

Lei Wang: sure, most asset can get doubly rewarded, and kine can get tripply rewarded, here is how it works

take eth as example, you can stake your wbtc providing liquidity, here you dont need a pair just whatever single asset you have, the APY is about 40%, then you can mint kusd with the asset you staked. you can use your kusd for either leveraged trading, but if you are not a big fun of trading, you can proivde liquidity in kusd/usdt or kusd/kine pool, and get close to 130% APY, so the total APY for eth is over 200% on bsc

for kine holders, you can first lock your kine to share 20% of the transaction fee and get xkine( similar to xsushi) the apy is about 30%, then stake the xkine for staking reward (another 40%), then provide kusd-kine liquidity for the 130% reward

D. | Satoshi Club: all assets on your exchange a stackable? so i can stake wbtc, eth and stablecoins?

Lei Wang: that’s correct

D. | Satoshi Club: that’s cool!

Mary | Satoshi Club: Btw, how many transaction fees do you collect daily?

Lei Wang: the ecosystem grant is the treasury reserved for community and who contributes in the ecosystem, by providing liquidity and trading, to get kine from trading, you only need to trade $1000 a day ($1 transaction fee) to get 2.7 kine token

today $22,174

Mary | Satoshi Club: Super! Pretty high number!

Lei Wang: 50% of this goes to liquidity provider, 20% goes to kine holder locking, and 10% goes to trading volume reward

D. | Satoshi Club: big thank you for answers! ready for the next question? 😉

Lei Wang: we use it to buyback kine from the market and distribute kine to  contributors

the buyback from transaction fee holds token price solid

sure

Q3 from Telegram user @Cheriemike

I noticed that Kine uses a Hybrid model of on-chain and off-chain settlement that it accept gas fees for staking and marginal transfers and it does not accept activities done on trading.Building a Hybrid Model won’t be easy can you please tell us the challenges you faced while developing such project?

D. | Satoshi Club: so you use distribution model and not burning? some other projects prefer buyback and burn

Lei Wang:  it’s very challenging thing to do, we know demand for trading derivitive on defi is there with huge potential, but gas fee and latency is the only thing in the way for traders to move onchain, that is why we designed this hybrid solution, we are the first project does that, there is no reference to learn from

firstly the team needs to have smart contract development skill and java skill and ofc deep knowledge in financial system and derivitive, build a team with such set would the first challenge

Mary | Satoshi Club: Why did you decide to choose this model instead of L2 solution?

D. | Satoshi Club: i wanted to ask the same 🤣

Lei Wang: luckily most of the team member has been following me since investment banking days for last 5 days we have been developing derivative trading system since 2015, the team already have the deep bounding and the right skill for that

Mary | Satoshi Club: It’s very important! That’s why you already succeed 😃

Lei Wang: L2 is still in experiment, not mature enough for trading volume that’s comparable with cefi exchange, our aim is to compete with binance, huobi and okex, using experiment solution might bound us from moving. and we dont want to treat our users as labrat with experiment solution, we are serious about it. we can handle 8000 transactions per second with our setup not sure any existing L2 solution is capable atm, but when L2 solution has proven to be capable, we can easily migrate

D. | Satoshi Club: well said 👍

Mary | Satoshi Club: Perfect explanation!

Lei, thank you for your answers! Ready to jump to the next question?

Lei Wang: we have 3 institution trading firm already started trading on kine, one of them did $15m today, institution has doubt with L2, you need to have sofisticated solution to get them onboard, it’s not a game when you work with institutions

sure

Q4 from Telegram user @orlemys

You said virtually any asset can be supported by Kine’s peer-to-pool engine. You mentioned BSC, ETH, and even gold or fiat. This is, of course, to help the platform expand, encouraging users to trade and consequentially promoting the use of your protocol. However, this might provoke unwanted fees. Could you explain what exactly are Kine’s plans to resolve or alleviate these issues? You also support cross-margining, do you consider this to be a less risky trading method than others?

Lei Wang: from my perspective, I worked in top investment banks and hedge fund for 14 years, trading fx, commodity, stock is no much difference from trading crypto, the strateges are similar, we will adjust fees to a comfortable level according to the nature of the asset and users’ expectation

Mary | Satoshi Club: Except BSC do you plan to add more chains?

D. | Satoshi Club: this is the last question 😄

Mary | Satoshi Club: Ohhhh, sorry

Lei Wang: cross-margin is indeed less risky, especially for professional hedging traders, say you are both long and short in 1 asset for the abitrage profit, without cross margin you might easily get liquidited on 1 leg while you are in profit, cross margin looks at your protfolio level gain/loss, so for hedge trading you could never get liquidated

D. | Satoshi Club: by the way, to users have to pass any KYC procedure on your exchange? as i see i need only metamask or walletconnect to use it

Lei Wang: yes, we are launching on Heco and Okexchain later this month, SOL and polygon are in the pipleline for next month too, we aim to have defi users trading popular asset from all chain without feeling of the boundry

metamask, it’s defi, no kyc

Mary | Satoshi Club: Super, we hate KYC a bit😂

Lei Wang: using our chain-bridge solution, user can move asset between different blockchain with 0 cost

D. | Satoshi Club: thanks for clarification😉

Mary | Satoshi Club: You can continue while answering the next question ☺️

Are you ready for it?

Lei Wang: sure

D. | Satoshi Club: awesome! so it won’t be a problem to move stablecoins from bsc to eth, using your bridge?

for example

Lei Wang:  because usdt on bsc is not issued by tether, we need a bit of work to support that, but other asset like eth, ltc, bch etc you can use the solution

D. | Satoshi Club: great!

thank you for answer

Q5 from Telegram user @NataliyaKil

While looking for information about Kine Exchange, I read that you have some kind of affiliate program. Can you tell us more about this? Who can take part in this program, how to do it, and how do the participants benefit? What other programs does Kine have for the community (for Stakers, Traders, Liquidators and KINE token holders), partners, investors? Is there a referral and ambassador program?

Lei Wang: yes there is an referral/affiliate program, anybody can participant, once you connected with the site, you can produce your own invitation code/link anybody who conncted with your invitation link, 15% of there transaction fee automatically goes to your affiliate account

for people who wants to higher commission, apply to become our affilliate and lock some kine, 3000 kine for 40% commission, 25k kine for 60%, and lock 100k kine to get 80% of the commission, this program is designed for professtional brokers

again anybody can apply and lock amount of kine accordingly to be eligible for the transaction fee commission

D. | Satoshi Club: gotcha! thanks 👍

Mary | Satoshi Club: What about ambassador program? Do you have it?

Lei Wang: for bsc stakers on top of the existing apy reward, the first month, we will give extra 50k kine per week to attract bsc stakers, the estimated apy for this month is 300%-500%

it’s currently just referal program and affiliate for user aquisation atm, but we are open for suggestions

Mary | Satoshi Club: Thank you for clear answers! Ready for the 6th and last question from this part?

Lei Wang: anybody is interested in becoming ambassador in non-chinese/english region can contact our team we are open to start this

yes

Q6 from Telegram user @lzamg

The Kine Protocol is currently going through a cross-chain token transfer, specifically to OKEx Chain and Binance Smart Chain. I would like to know, what motivated you to perform this cross-chain token transfer? Is it because of the issues of Ethereum? And aside from the two chains mentioned, will you be integrating other networks in the future?

D. | Satoshi Club: question was a bit answered already  😁

Mary | Satoshi Club: Partially ☺️

Lei Wang: I believe defi should be a unified world, separate asset by chain is not ideal, due to the current efficiency issue of the etherum infrastructure, users are distributed across chains, and on each chain there are great asset, this shouldn’t bound user from the access to ther block chain, we want to reunit them again, that is our motivation

already anwsered for more chains, heco, okex, polygon, sol etc

D. | Satoshi Club: totally agree  👍

Mary | Satoshi Club: If before we couldn’t imagine this, now it’s becoming reality

Lei Wang: we are only limited by our imagination, creativity is human nature, all we have to do is stay out of the way, let our creativity guide our work

Mary | Satoshi Club: Thank you for what you are doing 👏

And now we came close to the live part of our AMA!

Lei Wang: feels lucky to be in blockchain world and become part of this greatest revolution in the centrue

Mary | Satoshi Club: Me as well 🙂

So, Lei, are you ready for the storm of questions?🚀

Part 2 — live questions from the Telegram community

Q1 from telegram username @Ashia_24

What are the differences between Kine Finance and Kine Exchange, as well as their respective roles?

Lei Wang: kine.finance for staking and liquidity farming, kine.exchange for leverage trading

Q2 from telegram username @Jonahapagu

Hello @lei_kine         

It is stated that In KINE ecosystem, there are several major roles in play which are stakers, traders and liquidators. Stakers and traders are more common roles found in other platforms, but what is the role of liquidators in KINE ecosystem, what functions do they perform, and how can a user become a liquidator and benefit from the role in KINE’s Ecosystem.

Lei Wang: when staking users’ debt ratio goes over 95%, liquidators to comes in to perform liquidation and gain 5% of the liquidation incentive

Q3 from telegram username @Ashia_24

Kine Exchange is being discussed. You have a 100-fold leverage edge. Is it possible for all traders to choose the amount of leverage they employ, or are there conditions that must be met in order to access leverage at the maximum level? What about newcomers? Is KINE exchange designed with them in mind?

Lei Wang: yes, users can choose whatever leverage they feel comfortable with, we dont set conditions to interfer with trader’s own decision, my recommandation is for begineers is to keep leverage low

Q4 from telegram username @Jonahapagu

Hello @lei_kine

KINE is said to be introducing synthetic funding fees to balance long/short exposures and reduce impermeant P&L, So how does this your idea of using synthetic funding fees work, and how does this balance long/short exposures when trading derivatives on KINE exchange….

Lei Wang: to keep liquidity pool exposure low, it is important to have long/short balanced at all time, the funding fee will be calculated based on long vs short position, means the larger gap between long-short, the higher funding fee to attract abitragers to take this risk free profit, so long/short gap will be restored quickly and staking pool will never have too large of exposure

Q5 from telegram username @lzamg

🌟kUSD is the primary stablecoin of Kine Protocol and it’s accepted as the only margin assets on Kine Exchange. You promote the adoption of kUSD beyond your native exchange, so users may supply kUSD on Uniswap and other DEX to earn KINE from your farming schemes. Can you explain why is so important the adoption of kUSD beyond your platform? How does it benefit the Kine users and the project in general?

Lei Wang: originally the design of kusd was within kine ecosystem, but we see there isn’t a major stablecoin comes from defi ecosystem except dai, usdc/usdt still plays the major role but they are not originated from defi world, this means opportunity, we believe kine as the top derivative trading protocol is in the perfect position to issue an stablecoin and defi world needs more stablecoin that originated from defi, hence we made a change to promote kusd beyond kine ecosystem

Q6  from telegram username @doithay1617

🙋‍♂️Hello @lei_kine

There have been a lot of attacks happening on major exchanges, so security is always the most important issue for users. What measures does Kine Exchange take to protect users’ assets? For example: Google Authenticator, Mobile connection, Mail connection, Security Pass,…?

Lei Wang:

kine protocol is audited by pecksheild, we take security as our top priority at all time, each time we see an attack in defi world, we analyse it carefully and even try attack kine with the method to find vonerability, if we find a risk we quickly make improvement to prevent it from happening. Kine has been running safely for about 3 month, and all the attack mechanism that we know doesn’t work on kine, so it is very safe.

Q7 from telegram username @FrEeBoY5620

Almost every investors hold the token for short-term without understanding the long-term value. So, how can you ensure us that holding this token is more beneficial for long-term and what is your plan to increase the demand and scarcity of the token?

Lei Wang: firstly, over 80% of the transaction fee are used to buyback kine, and our transaction fee is growing rapidly, that creats a strong support for token price. at the initial period, part of the reward comes from the ecosystem grant beside the fee share, as the fee keeps increasing, the part from ecosystem will reduce eventually to 0, that gaurantees the scarcity. as the community becomes mature, we will gradually hand the governence to community thorugh kine token voting, decisions like listing new asset, support new staking asset, risk limite, fee etc will be decided by the community not the team anymore eventually, long-term holders will accumulate more voting power, so hold it for long term if want be part of kine’s future

Q8  from telegram username @meml97

🧨     I read that one of the benefits users have thanks to Kine is that: “ You can dynamically hedge the impermanent risk through KINE’s real-time pool exposure API”. Can you tell us more about this? How will Kine’s real time pool exposure API help on hedging risks? Will you have other ways for users to prevent risks on your platform? Also who can exactly take advantage of this benefit? @lei_kine

Lei Wang: not like uniswap’s AMM impermenant loss as a guranteed loss, providing liquidity on kine may be in a gain/loss, for risk takers they most likely end with gain and choose to leave it, for risk averse users it is easy to hedge agains the MCD as long/short for each asset on kine are public information and MCD change is linear, you can simply hedge it with future contract. to make it easier to beginners, we could create an mcd contract for you to easily short and hedge all your MCD risk, does that sound interesting?

Q9  from telegram username @cryptovgh

Could you explain about your Supporters and partners? Always good partners will give a great potential to the project. And what kind of partnership with KRYPTIAL GROUP , a famous group in crypto? @lei_kine

Lei Wang:

most of our investors are big names, our angel investor Naval Ravikant is the former CEO of Angelist and founder of Coinlist, here is the investor list

Q10  from telegram username @coinerm

You mention that your trading engine is run off-chain and only allows gas to be consumed for stake and margin transfers and takes a hybrid approach, not for trading activities. Could you please give detailed information about this feature, what are its benefits, is it a feature unique to you etc.

Lei Wang: every 30 mins trading engine reports all trades in a block to onchain clearing contract, that way kine only pays $50 gas instead of all users pay $20 gas for each of their trade. this way it guarantees 2 most important things for users, 1 efficiency and low cost for trading as it happens offchain 2. transparency for pnl clearing and asset security this all happen onchain

Part 3 – Quiz Results

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

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

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

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

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

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

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

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

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

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/kineprotocol

Twitter: https://twitter.com/KineProtocol

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 Duke and our guests were @dontoshi1 @RL789. The AMA took place on 7 June.

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

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

Part 1 — introduction and questions from the Telegram community

Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We conclude our today’s AMA marathon series with Duke.  Today our guests are @dontoshi1 @RL789 !

Hello and welcome to Satoshi Club, @dontoshi1 @RL789!

REHAN: Hello

Glad to be here

Andrés M. | Satoshi Club: [ 🤗 Sticker ]

REHAN: Hope everyone is doing well

Gold Rocket | Satoshi Club: How are you doing?😊

Andrés M. | Satoshi Club: Yes we are😃 So excited for this AMA session.

REHAN: Tired but cant complain. Work first 🙂

Hi Andres

Gold Rocket | Satoshi Club: Strong crypto people😁💪

REHAN: gracias

Andrés M. | Satoshi Club: Hello REHAN,  nice to meet you

Gold Rocket | Satoshi Club: Thanks again for joining😊

REHAN: Likewise

Gold Rocket | Satoshi Club: Let’s start!

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

Tell us please about your position Duke?

Andrés M. | Satoshi Club: Gracias a ti😁

Gold Rocket | Satoshi Club: Oh! do you guys know each other? 😻

Andrés M. | Satoshi Club: No haha, I would like👍

Gold Rocket | Satoshi Club: then there is a great excuse to meet❤️😉

Andrés M. | Satoshi Club: For sure, is great to have important personalities with us

REHAN: Well I first found out about Bitcoin back in 2014. But back then my country made it illegal to hold btc or any crypto so I didnt buy any. Tried mining some coins but didnt have the proper equipment of gpus for that. With my business taking most of my time I put crypto on hold and went about my work.  Things change in 2017 and like most of us I fomoed into lots of coins at high prices. 2018 came and with it bear market. But I was hooked. Didnt make any money, well lost a lot of money but started educating myself and learning about different projects and blockchains and crypto related technology. I traded forex and commodities since 2006 so it is was not really difficult.  I am the Strategic Advisor for Duke as well FastSwap. But more than an advisor I am full time in it over the last 9 months or so. Like the Tokenomics and pools rewards are done by me as well

Gold Rocket | Satoshi Club: thank you very much for sharing😊🙏

these stories are priceless!

REHAN: btw to everyone following, @dontoshi1 is the founder of FastSwap & Duke

blessed

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

Andrés M. | Satoshi Club: Thanks for the history, very interesting

REHAN: As you know there are multiple meme tokens launching every day. With all due respect to them apart from marketing there is nothing much else. Well not all, once in a while, some gems do appear. However every meme token have amazing community. They believe in it. We wanted Duke to be a meme token while having utility and sustainability beyond few weeks. Long term growth and usability is our main focus

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

Andrés M. | Satoshi Club: Why did you choose DUKE INU as your name and symbol?

REHAN: To be unique. Duke. The name just stands out. From a brand perspective it is amazing. And full credits to Dontoshi. He came up with it. It is a really good name

Andrés M. | Satoshi Club: I agree with that, powerful name 😁

Andrés M. | Satoshi Club: So, please tell us how is team conformed

After that we will proceed with our community questions🥳

REHAN: There is Dontoshi & I. Suhail is our marketing head. We have two teams handling different networks; Ethereum & Binance Smart Chain.  We have 5 full time devs, UI/UX team &  marketing team. We are morphing the two teams into one and hiring more devs. If anyone is a senior blockchain dev please send me your resume. We always have space for top devs. Team is spread out globally so lots of different time zones lol

Andrés M. | Satoshi Club: A great opportunity to be have of a strong project. Thanks for share it Rehan

Andrés M. | Satoshi Club: Time to go with our community questions.

Q1 from Telegram User @Jonahapagu

 In your Tokenomics, 100 billion DUKE tokens which represents abut 10% of the total supply was allocated as incentives to your Ecosystem products, 50 billion was allocated as incentives for dApps across chains.. So apart from the launchspot and Vaults what other products do you intend to build in your Ecosytem or will all the 100 Billion go for this two products, and apart from this two products what dApps do you have across chains that the 50 Billion allocation will be used for

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

REHAN: yep

REHAN: We will have Yield farming, Staking, IDO Participation & Vaults (lending protocol). 30% of the total supply will be used for liquidity incentives. 10% will be used for incentives in our ecosystem such as monthly rewards to holders, stakers & FastSwap users. 5% for dapps is incentives to onboard different projects

Andrés M. | Satoshi Club: What is the APR for staking?

REHAN: Depends. Our first batch of pools will have 400% – 700%. At launch early farmers will enjoy up to 1200%. Of course as all farms yield goes down the more holders have staked. But it will easily be above 400%

Gold Rocket | Satoshi Club: Sounds great 👍

Andrés M. | Satoshi Club: Wow, high percentage, great opportunity for holders💪

REHAN: Absolutely! Holders will be rewarded massively

Andrés M. | Satoshi Club: Thank for the answer, ready to proceed with the next question?😃

REHAN: Let’s go

Q2 from Telegram User @antoni_azx

You mention on your website a Vaults feature that aims to help the users to manage and optimize their funds across procotols like AAVE, Compound, etc. What kind of optimization are you talking about and what are the benefits of using your feature and not other?

REHAN: Yes, we will build a protocol that will allow investors to manage and optimize their fund with the highest yield between Aave, compound and other protocols in one dashboard through smart contract. Optimized to make money for you effortlessly through the best protocols every minute. On top of the yield you will be earning there will be extra bonus of Duke

Andrés M. | Satoshi Club: What are the ways to buy your token?

REHAN: You can buy from FastSwap or Pancakeswap

Gold Rocket | Satoshi Club: Please tell us more about  extra bonus of Duke 😊

REHAN: We will be rewarding holders that use our ecosystem products with Duke. Think of it as cherry on top haha

Andrés M. | Satoshi Club: But it will be listed on more exchanges soon, right? Our next question talks about it, let’s proceed😁

REHAN: Yes it will be!

Q3 from Telegram User @Asela1112

$DUKE will be soon on FastSwap, Uniswap, pancakeswap & SushiSwap pools in future. So what are the pairs that can use for staking? How do we paricipate in staking mechanism of Duke inu? Most of platforms integrate mechanism which allow some percentage from transaction fee to the pools & locked for a specific time. Is there Autonomous mechanism, conventional for only Duke inu Inu platform? Which strategies will you launch to increase the liquidity without affecting on volatility of $DUKE?

REHAN: We have already designed the pools & rewards structure that we will be introducing. Emissions will be in check while maintaining juicy APY. To begin with we will be introducing 10 pools as the first batch. All farming will be done on FastSwap (audited). All 10 pools will have Duke as base pair. You can check out https://fastswap.finance. Our farms have high APY, easy staking. There will be no fees, no penalty for early withdrawal and no lock.

Gold Rocket | Satoshi Club: It is very tempting 😊👍

REHAN: I cant wait to share with the community. It is gonna be awesome

Andrés M. | Satoshi Club: Which was the results of the audit, any important problem found?

REHAN: All clear. We wouldn’t keep the farms live if there was any issues. Audit results can be found on Solidity website

Gold Rocket | Satoshi Club: Thank you very much for your answers! Ready for the next question? 🚀

REHAN: SAFU

yes

Q4 from Telegram User @Brainchest

You mentioned AAVE, Compound on the website. These are very serious players and I couldn’t not ask a question.

Are you planning to create a Vault for the Lending\Borrowing service in partnership with AAVE, Compound, e.t.c.?

Please tell us more about how the bonus will be credited in DUKE tokens.

How will you manage the funds? Will you lend money, which we will transfer to farming?

REHAN: Our lending and borrowing vaults will tap into open source which Aave and Comp protocol is built on. So we don’t need to partner with them to call functions from their protocols. Just like how YFI moves investors’ funds in between the protocols based on the protocols with the best yields to maximize their earnings across all protocols. The advantage of this vault is that it will work for you and make you money while you are sleeping

Vaults will be seperate from farms

Gold Rocket | Satoshi Club: This is a dream. Sleep and make money 😁

Andrés M. | Satoshi Club: Yes, a great option for holders.

Gold Rocket | Satoshi Club: Will you lend money, which we will transfer to farming?

REHAN: Honestly once you are a farmer nothing else can beat it. Savings in banks are things of the past. The future is only DeFi. There is private pool already started for banks and institutions on Aave. The future is limitless

Andrés M. | Satoshi Club: I agree with that my friend, that’s the financial future.

Well, time to proceed with the 5th question, would you like to add something before?

Gold Rocket | Satoshi Club: Thank you very much for your answers and clarifications.😊

Let’s proceed to the next question🚀

REHAN: sure

Q5 from Telegram User @andrey_seleznov

Hi Duke! ‍

Duke is going to be available in multiple pools such as FastSwap, Uniswap, Pancakeswap, Sushiswap.. This implies that you will have both BEP-20 and ERC-20 tokens in circulation. Will they have the same token address in both bsc and eth chains? Are you going to expand to other layer1 or layer 2 chains in the future to get a bigger exposure and increase user adoption? Thank you!

REHAN: FastSwap is available on both Ethereum network as well as Binance smart chain. Duke already have liquidity on FastSwap &  Pancakeswap. The token address is the same. Duke for the immediate short term will be on BSC while we are work on Polygon integration. L2 is something we will be focusing on after we are live with LaunchSpot (IDO Participation). We expect more bridges to be built to move tokens from one network to another. Already few are doing a great job, like multichain.xyz

Andrés M. | Satoshi Club: It seems great events are coming for Duke Inu, could you share us your roadmap? What you consider is the major event coming for Duke Inu into the second half of 2021?

Gold Rocket | Satoshi Club: it is quite obvious that the more cross-chain bridges, the more opportunities👍

REHAN: Yield farming, staking, IDO Participation, Vault, L2. This is the roll out roadmap. We are nearly done with LaunchSpot UI/UX design and back end. Our target is early Q3 for this. So it is around the corner. It helps to have a big talented team. We can keep development on going without any obstacles

On top of this we are constantly looking into ways to further develop our DEXes. Limit orders are next for our DEX

Andrés M. | Satoshi Club: Congratulations, it sounds like a lot of hard job for you. Don’t forget to share the announcements of your coming events with our community

REHAN: Thanks. And I will absolutely do that 😀

Andrés M. | Satoshi Club: Thanks for the clarification. Ready to go with the final question of this first part of the AMA?

REHAN: yes

Q6 from Telegram User @victorogb

As a community driven meme token, DUKE should have some form of community developed governance system, that allows the active participation and administration of the DUKE ecosystem. Though been fully developed and supported by FastSwap, how will DUKE aim to be fully decentralised and community driven, and what would be some of the unique governance privileges available to early adopters, community members and strategic investors?

REHAN: Duke is completely community owned and fully decentralised. If you look at our holders list you will see that top holders are holding less than 1% of total supply.  There was no presale, and it was a fair launch. We posted the contract and launch time days in advance. Equal buying opportunity for all. As for development, the team have a plan and roadmap that we are following. We want efficient execution. By managing the development and products roll out we are able to do that.  It has been one week since we launched. In this one week we have held 3 AMAs, confirmed 3 exchange listings (listed on one already), grew by nearly 9000 diamond hand holders & did volume of approximate $30 million. We are in talks with 4 more exchanges (news soon) and we have increased our marketing efforts.  We are just getting started. Imagine where Duke will be in one month’s time

Great job encouraging your community. Btw, are you planning some community contests like meme campaigns or airdrops?

REHAN: Yes we will be

Let me clarify. No airdrops but contests. We have 4% of marketing budget. We must make sure we get the most value out of it. Duke is earned not given for free

Andrés M. | Satoshi Club: That’s great, another great reason to be part of your community. Please share with us the link to join your communities😁

Gold Rocket | Satoshi Club: Thank you so much for these great answers and clarifications.

REHAN: @duketokencom @fastswapdex @dukechinese (We have an amazing and very supportive Chinese community!)

Gold Rocket | Satoshi Club: Now get ready for the most impressive part of our AMA! Live questions! It will be very powerful! 🚀

Part 2 — live questions from the Telegram community

Q1 from telegram username @messilolz

@RL789 what exchange is the best to buy $DUKE fastswap or pancakeswap? Are the price same in both exchange? Please provide me the link to buy or any plan to list on CEX too?

REHAN: FastSwap. I am always going to recommend FastSwap first. The price is the same on both exchanges

Q2  from telegram username @@ismu45

Without proper capital and marketing infusion,any project dies.How do you convince us that you have adequate capital and marketing power to push your project to the top ?

REHAN: We bootstrapped the initial liquidity, development and marketing ourselves. Duke is developed by FastSwap. Check out fastswap.finance & fastswap.exchange. We have the team and the ecosystem to make sure Duke growth is long term

Q3  from telegram username @Antoni_azx

In the last month I have lost count of how many meme tokens I have seen with meme dogs, could you tell me why I should buy DUKE and not any other meme coin? What are the advantages of $ DUKE over the rest of the coins?

REHAN: It is the first meme token with utility and underlying products. Look at what we have achieved in one week. Can you say the same for any other meme token?

Q4  from telegram username @doithay1617

@RL789  You said: “can buy from FastSwap or Pancakeswap”. Can I buy $DUKE in LBank Exchange? Or is it Fake?

REHAN: You can buy from LBank. 8 June we are live on XT & 9 June we are live on Coinsbit. We are aiming for more exchanges

Q5  from telegram username @Chinthaka93

You have mentioned that “We have burnt 10%! of Circulating Supply” this is a big amount relatively for burning, Is your token supply fixed or unlimited? What is the token supply? Could you please share more details with us? @dontoshi1 @RL789

REHAN: Supply is fixed. Max supply 1,000,000,000,000. Circulating supply last week including marketing funds was 540,000,000,000. We have already burnt more than 10% of circulating supply. Current csupply <490,000,000,000  https://www.bscscan.com/token/0xaee234825dc4687fae606485c1ebd06336052bcc?a=0x000000000000000000000000000000000000dead

Q6  from telegram username @Ratash97

Can you explain to us the launchspot mechanism ?

REHAN: Sure. Stake Duke and participate in IDO on LaunchSpot. There will be different tiers and the lowest tier will have very low requirement. We want to give opportunity to as many holders as possible

Q7  from telegram username @Eisen_7

will the price on ETH and BSC be the same?

REHAN: Yes it will be

Q8  from telegram username @JasmineSha

Hello @RL789

What is the Highest APY in Duke? and for what pair?

REHAN: The highest daily rewards will be for DUKE/BNB & DUKE/FAST

Q 9  from telegram username @Einsteinyl

From Duke Inu telegram announcement, I read that Duke Inu just burn around 7% from circulating supply in less than 1 day, well thats really big burn, but how does the calculation to reach 7% burn in one day? Does it random burn or Duke Inu have scheduled time to burn? How does your burn system work?

REHAN: Every transactions burns 1%. 1% of every transaction goes to holders. Till date the smart contract have distributed 53 billions among holders. I know of someone (a community member) whose balance increased more than 20% just by holding. Our burn mechanism is fair and can be sustained long term

Q10  from telegram username @SPAZEEEE

What is the minimum purchase of $Duke tokens?

REHAN: Any amount you want. There is no minimum. The main reason we launched on BSC is so that anyone can buy irrespective of the amount. For $10 purchase you don’t need to spend $200 on transaction costs. It will cost you few cents

Part 3 – Quiz Results

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

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

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

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

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

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

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

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

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

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/duketokencom         

Twitter: https://twitter.com/duketokens

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 SafeBLAST and our guests were @Shyam_thakur @maheec. The AMA took place on 7 June.

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

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

Part 1 — introduction and questions from the Telegram community

Gold Rocket | Satoshi Club: Hello, dear Satoshi Club community! We are pleased to announce AMA with SafeBLAST. Today our guests are @Shyam_thakur @maheec!

Andrés M. | Satoshi Club: @SafeBlaster and @maheec welcome to Satoshi Club! 😃

How are you today guys? 😃 @maheec @SafeBlaster

M m C: Hello community!

I am so good! 😊 How about you?

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @Shyam_thakur @maheec!

M m C: Thank you and glad to join with you guys.

Gold Rocket | Satoshi Club: Let’s start!

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

Andrés M. | Satoshi Club: @SafeBlaster welcome to the AMA😃

Safe Blaster: Finally, hello everyone

Thank you for fixing the mute👍

Gold Rocket | Satoshi Club: We are very glad to conducting AMA with SafeBLAST!😊

Safe Blaster: The feeling is mutual

Andrés M. | Satoshi Club: You’re welcome, sorry for it

Gold Rocket | Satoshi Club: Finally, we are happy to see you. tell us about yourself

Tell us please about your position SafeBLAST?

Safe Blaster: SafeBLAST started with the community in mind. We all have either been victims of bad projects or know someone who has been affected by it. This is why we decided to start a project with No ICO, No Presale and with had 10 CEX agreement in our first 2weeks. 8 already listed and 2 more will list soon. Probit announced today too and we will be listed on Probit Global👍

Gold Rocket | Satoshi Club: Great news🎉

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

Safe Blaster: We have a team but I am the project coordinator. You can also call me the founder if you like. But this is a community project with a RENOUNCED contract

Andrés M. | Satoshi Club: Nice to meet you guys, happy to have good personalities here.

We have collected the best community questions for you, ready to proceed?

Gold Rocket | Satoshi Club: This is a very interesting concept. 👍

Safe Blaster: You already introduced 2 of the core members but we also have 16 other team members who are MODs and Admins

Q1 from Telegram User @Arisabela

I saw on your roadmap something about a give back program but I couldn’t find more information about it and your whitepaper seems like it’s not completed yet, can you tell us what is this program and it benefits? Also, when will we see a full whitepaper released?

M m C: Actually we have done lot of things within a month. So we always worked for getting new exchanges and CG CMC listings. In this case the website not much done yet and we will be update the website and whitepaper very soon.

Safe Blaster: The givebacks will be after we launch our mobile wallet and merch store. It will be announced and the community will get to vote for which non-profit organization they want SafeBLAST to give to.

As for the whitepaper, the website is being updated right now and will have a new UI within 24-48hrs but we’ve received many questions on why the whitepaper is so short. My answer is, we can make it very long but we decided it will be best to get to the point. I read many whitepaper and I realized most of them just like to repeat things over and over by using different words, phrase and diagrams. That’s not what we’re about. We keep it simple and focus on progress

Andrés M. | Satoshi Club: Thanks for the answer, we will be waiting for coming updates 🥳

Gold Rocket | Satoshi Club: Your words make sense👍

Thanks for your answers

Are you ready for the next question?

Safe Blaster: Yes,

M m C: Yes 👍

Q2 from Telegram User @ysasoma

In Q4 of your roadmap you have targeted NFTs, in addition to the great adoption they have had, what other reasons do you have for getting involved in this market, what tools and capabilities do you have that will allow you to be competitive in NFT world and that will allow you to take advantage of all the opportunities that this market brings?

Safe Blaster: Great question. The NFT market is just getting started and it is indeed competitive. However, it is further down the road on the roadmap like you said. As you all know, this is Cryptoverse where things change from time to time and the best way to stay competitive is to be vigilant and adaptive. If the market makes sense in Q4, yes will will go for the NFT, if not, we will announce to the community as always and introduce a better replacement if that’s what the market calls for.

Like I always say, everything in life is subject to change because no situation is permanent. There are ups and downs in life and also in business. So you learn to adapt and keep moving. You CANNOT stop simply because of an obstacle. You find you way around obstacles 👍

Gold Rocket | Satoshi Club: Especially in the volatile crypto world 😉

Safe Blaster: Exactly 👍👍

Gold Rocket | Satoshi Club: Thank you very much for your reply! Ready for the next question or want to add something?

Safe Blaster: Yes, let’s get it👍

M m C: At the same time, other industries are also adopting NFTs slowly by ensuring integration of blockchain and tokenization of assets. Industries can now implement blockchain with NFT tokens which is a huge plus point for the rising popularity of this token.

Gold Rocket | Satoshi Club: this is absolutely the trend of the season🚀

Andrés M. | Satoshi Club: I’m completely agree with you, a great feature to learn more👍

Q3 from Telegram User @Asela1112

Mainly SafeBLAST($BLAST) involved as an Autonomous yield and Liquidity generation protocol on crypto space. Can anybody involve as LPs in SafeBlast platform? If yes what is the minimum value, should provide in to the liquidity pool? Will this pool be implemented as a aggregate pool in the markets? 5% from transaction fee will always send to the liquidity pool on pancakeswap which is to be locked for 5 years. This will be a great Autonomous mechanism. What are the other strategies, that the SafeBlast will launch for more liquidity in future? Is there anyone who can access to the liquidity pool directly? What about the secure conditon of the pool?

Safe Blaster: Loaded question but I’ll try to answer it all and if I miss something, please, let me know👍

Andrés M. | Satoshi Club: Don’t worry, please take your time!

Gold Rocket | Satoshi Club: do not even doubt your case! thanks a lot for the answers! ready for the next question?

Andrés M. | Satoshi Club: Have you done events like burning tokens?

Safe Blaster: Yes

We have burned over 200Trillion tokens manually

First, the locked liquidity is till 2026, which is 5yrs from when we launched last month. We launched during the same week were PancakeSwap was shifting from VI to V2 and many of you will admit the period was disruptive. However, we took the 5year max available on V2 at the time but this doesn’t means that it cannot be locked again after 5years.

PancakeSwap 5% LP is automatic and deflationary token is a new phenomenal. So most CEX do not have the capability to have this feature. Some CEX platforms like Bibox are ahead in the game but others are updating their platform to possibly make this aggregations in the future. But for now, they all have their own provided liquidity on their platforms for their users.

Also, in crypto, one day is like 10yrs because of so much happening, so I believe 5yrs is a very long time. Also, you will notice that some deflationary tokens like safemoon is locked for 4yrs and some others are locked for 2yrs. With so much accomplishment in our first month, just imagine where we will be in 5yrs.

Q4 from Telegram User @Ruttiee

Safe Blast plans to launch its mobile wallet Q3 of your Roadmap. How has the development being so far? can you share with us some feautures of the mobile wallet? Will there also be a desktop or web-based version of your wallet?

Safe Blaster: It will actually be released before Q3. Our current roadmap is only showing the planned time period. We did not add exact dates because we know how fast we work. So we list like Q1, Q2 etc instead of August 1st or October 2nd.

The reason for this is because we don’t believe we have to wait until the road map date to accomplish a task. But we also don’t want to make promises if we can’t keep it. So we extend things out and try to deliver before the date if possible. Better than delivering late👍

M m C: We have planned create a mobile app which compatible with both iOS and Android.

Safe Blaster: And for the web version, we’ll keep that a surprise 🤷‍♂️

Gold Rocket | Satoshi Club:  Thank you very much for your answers and clarifications.

Andrés M. | Satoshi Club: Thank you guys, I think is a great idea to have your own wallet for Mobil devices, so personal for each user

Let’s continue with the next question. Ready to go?

M m C: Sure

Q5 from Telegram User @surendra040

I have never seen it before and I am honestly surprised that SafeBlast being a deflationary token has already burned 78% of $BLAST within a month old of the project. What is the reason you choose to burn the tokens in such huge numbers in the shortest period of time? will you keep doing more burn in the future? Most importantly how will your project runs in the long run and maintain the price of the token?

M m C: We have more strategic burns than anyone else in this deflationary space. What does this mean?

Example – When we need $1M added cap to kill a zero, these other projects with more supply will need like $10M added cap to kill a zero.

YES,

Our journey to $0.001 is closer than anyone else. We are the #darkhorse in this space and there is no close second.💯💯💯

Safe Blaster: Great question. As you may already know, deflationary token “floor price” stability is dependent on circulating supply and LP. Other tokens are based on supply and demand, which is a big difference. In deflationary token, demand pushes the price higher and faster.

So with this is mind, we realized if we launched with so many tokens in circulation, it will be harder to get the all back to burn. This is why we reserved the tokens to burn. We initially promised to burn 100T but we doubled that amount in one month. We also had to buyback some tokens when crypto market went red and we burn them too.

Right now, we have over 78% burn. So, if other tokens need like a $10M cap to kill one zero, we will need like $1M cap to kill 2 zeros. This is just an example of how fast we can grow in a bull market – Not exact numbers and not financial advice obviously. But you understand my point

Andrés M. | Satoshi Club:  Detailed and clear answer, thank you so much😃👍

Now, the final question of this part of the AMA

Q6 from Telegram User @cryptofollower

There are another safe blast crypto token right now on BSC which is fake. How can community beware and not to fall for fakes? Did you contact with BSC about this? They copied exactly everything including your max supply too. Some people are also victims of this fake SafeBlastCrypto so do you have any plans for covering up their losses?

Safe Blaster:

Yes, we contacted BSC and they updated our logo last week. There were a lot of imitators and bad actors but the only way to know the real token is look for our VERIFIED logo.

Andrés M. | Satoshi Club: Be aware of that Satoshiclubbers.

Gold Rocket | Satoshi Club: i saw it in your group too

Safe Blaster: 👍👍👍👍👍👍👍👍👍👍

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

Part 2 — live questions from the Telegram community

Q1 from telegram username  @Anjan336

I missed your last Airdrop :/ is there are any upcoming airdrop for $BLAST?

M m C: Yes. One more to come 👍

Q2 from telegram username @surendra040

Kindly provide me the contract address to buy your token and what is the slipperage for it

M m C: 0xddc0dbd7dc799ae53a98a60b54999cb6ebb3abf0

Use slippage 11-18

Q3 from telegram username @Derazy

What does SafeBLAST establish to provide rapid information/update for community? Do you hire and place some ambassadors for some target country/language who don’t speak English well? So that everyone at the community receive the same information on what happen at SafeBLAST.

Safe Blaster: I have to admit this was a big challenge in the beginning. But we are slowly getting it fixed because we understand not everyone speaks English in our english group.

Our first step was to create several communities as you can see on our telegram page. People always ask why we have som many MODs. This is why. Some of our MODs are responsible for handling those individual groups because they speak the different languages.

As for having ambassadors, we will work on this and it will be a gradual process because you want to make sure the people representing the brand are qualified and responsible people👍

 M m C: We already have multiple language groups which handle by our admins.

Q4 from telegram username @Ishan1_7

Why do you decided to start a project with No ICO, No Presale could you explain briefly to our community?

M m C: Because we are unique than others.

Q5 from telegram username @Shaa93

I see on the Web: “Every time someone buys or sell SafeBLAST token, the total supply goes down and the HODLers get rewarded. Every transaction also creates liquidity, which is automatically LOCKED.” Can you explain to us: how the total supply goes down? And how many rewards do HODLers get? I think it will be as  % of the transaction fee, right?

M m C: 5% for LP

5% for redistribution to the holders including dead wallet

Q6 from telegram username @Chinthaka93

Have your smart contract already audited? What is the update on that? @Shyam_thakur @maheec!

M m C: Yes. Contract verified and already audited. So you can check the website for get audit link.

Q7 from telegram username @Asela1112

What are the incentivized strategies that SafeBlast integrate to Bullished $SAFE within crypto ecosystem through the attention of more investors?

M m C: Ape kollek neda 👍

Q8 from telegram username @doithay1617

🙋‍♂️Hello @SafeBlaster  @maheec

 @SafeBlaster  You said: “10 CEX agreement in our first 2weeks. 8 already listed and 2 more will list soon” . Can you name the 8 CEXs that $BLAST has listed and the 2 CEXs that will be listing in the near future?

M m C: IndoEx, Bibox, Hotbit, Coinsbit, STEX, Azbit, DigiFinex and will be Probit, Dex-Trade

Q9 from telegram username @cryptoneco

On your website, you mention that today social media is an effective marketing strategy for every industry and Safeblast will embrace all social media. Do you employ a “Social Media Specialist” in your team to use social media in the most efficient way?

Thank You… 🙏

 Safe Blaste: We had a social media team on our first week and we had to let them go.

It was 3 people on the team and they were clearly unqualified because they promised a lot and delivered very little, so we sent them packing. This is why it’s never a good idea to rush team members. One of them actually shill too much on Twitter and was considered spamming, which led to a temporary ban.

Right now, we’re using a temporary team to run different events like bounty, airdrops etc and they also handle our social media activities. If they prove to be effective, we will have them on full time. But for now we’re just doing a per gig basis👍

Q10 from telegram username @topind7

Do you currently have a mobile app for this project as I believe it will help the project grow better?

Safe Blaster: Coming soon 👍

Part 3 – Quiz Results

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

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

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

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

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

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

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

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

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

Website: https://esatoshi.club/

Our partners:

Telegram: http://t.me/SafeBLAST

Twitter: http://twitter.com/SafeBlastArmy

What is Plethori

• Plethori is a decentralized cross-chain ETF Investment Platform that allows trading and the creation of trustless ETFs.
• Plethori connects the Ethereum and Polkadot ecosystem empowering traders by providing a wide range of ETF Tokens to trade and invest and leveraging the technology of both blockchains, to open new avenues for investment strategies.
• PLE is the native utility token of Plethori which has the following use cases:
• Governance: Holders of PLE are eligible to vote on platform changes. The governance structure is complex but fair. PLE holders are separated into tiers depending on the strength of their vote.
• Staking: PLE holders are capable of staking and receiving rewards on their tokens.
• Access deposits and withdrawals for the platform: PLE holders gain access to PLE platform where they can have access to deposits and withdrawals for the platform.
• Transaction fees: Transaction fees are low for PLE holders.
• NFT Gallery: NTFs are given to PLE holders as rewards.

The project raised 1,095,000.00 USD in the following sales rounds:

• Seed Round: 12.5% of the total token supply sold at 0.02 USD/PLE
• Private Round: 15% of the total token supply sold at 0.03 USD/PLE
• Private Round 2: 7% of the total token supply sold at 0.035 USD/PLE
• Public Round: 3.8% of the total token supply sold at 0.04 USD/PLE

As of 12th May 2021, the total token supply is 100,000,000 PLE and a circulating supply of 18.4%

Key Metrics of Plethori (as of 12th May 2021)

Ticker	PLE
Token Type	ERC20, Polkadot
Circulation Supply Total Token Supply	18.4% 100,000,000 PLE

About the Plethori

Plethori is a Cryptocurrency ETF Investment Platform that allows trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The platform offers decentralized cross-chain investment for exchange-traded funds built on the Ethereum and Polkadot blockchains.

Plethora’s service allows investors to deposit capital in the form of their PLE token and invest in a wide range of ETFs enabling investment into entire industries in cryptocurrency.

Plethori has the following features:

• Cross-chain functionality: Interoperability gives seamless trading between Ethereum and Polkadot blockchains and opens up investment opportunities into key industries driving both ecosystems.
• Layer 2 solution: Plethori is built on the ETH Layer 2 solution, Optimism.
• NFT Integration: ERC-721 integration provides for the delivery of NFTs as perks to reward fund managers who level up.
• Fiat Gateway: This allows users to purchase cryptocurrency directly within the platform using fiat.
• ETF Trading Exchange: The V1 Platform is a fully-fledged trading platform with margins and leverage.
• ETF Creation Portal: The V2 Platform gives users the ability to create their own fully customized ETFs.
• Decentralized Autonomous Organisation(DAO): This includes a structure weighing system.

Recent News

• April 17, 2021: Plethori on Crypto Revolution on 10th April 2021
• April 19, 2021: Plethori Partners Crowd-Funding
• April 23, 2021: Plethori’s V2 Platform Launch
• April 25, 2021: Plethori Token Contract Audit
• April 26, 2021: Plethori on Gem Collectors
• April 28, 2021: Plethori Explains Polkadot
• April 29, 2021: Plethori Forges Partnership With Polkadot Data Provider
• May 2, 2021: Plethori’s $PLE Dual-IDO Launch

May 3, 2021: $PLE Staking Contract Full Security Audit

Project Team

• Ryan Matovu – CEO
  An ex-forex trader and serial entrepreneur with leadership positions on several ethereum-based projects managing developers and building partnerships.
• Callum Mitchell-Clark – COO
  Crypto and Defi Enthusiast and Investor with 10 years managerial experience with several multinational organizations.
• Neil Tiongson – CBO
  A marketing coordinator at Five Group Pty Ltd with over 5 years of experience in the creative industry. Plays several roles, and has worked with several international brands.
• Bullo Taurus – CMO
  A marketer with 5 years of marketing experience and an expert in marketing strategy user acquisition, market trends, and investor psychology.
• Sanders Poel – Blockchain Developer
  Co-founder of Apollo IT Consultants and Dew Exchange with over 3 years of experience as a blockchain engineer.
• Ding Tian Blockchain – Developer
  Software engineer for ShiXiang Information Technologies and an expert in Binance Chain and BSC.
• Michael Ayobamidele – Blockchain Developer
  10 years experience in the banking, finance, and telecommunication sector. He is a web developer and blockchain programmer, business developer, analyst, and strategy formulator.

Roadmap of Plethori

Q1 2021

Project Conception

Smart Contract Development

Platform Development

Whitepaper Release

Seed Sale

Private Sale

Smart Contract Audits 

Q2 2021

Public Sale

Token Generation Event

Plethori Platform (V1) Launch-Public Funds

Farming Vaults Launch

Binance Smart Chain Integration

CEX Listings

Plethori Platform (V2) Launch-Private Funds

ERC721 Integration-NFT Release 

Q3 2021

Plethori Platform (V3) Launch

Fiat Gateway

Plethori Governance Platform (V1) Launch

Mobile Application

Cardano Research and Development

Q4 2021

Plethori Governance Platform (V2) Launch-DAO

Polkadot Integration

Legal Licenses Applications

Incorporation

Traditional Finance Expansion

Economics and supply of Plethori

Token Allocation

Token Name	PLE
Community Rewards	2% of total token supply
DEX/CEX/IDO	2% of total token supply
Advisors	3.6% of total token supply
Public Round	3.8% of total token supply
Liquidity	5% of total token supply
Seed Round	12.5% of total token supply
Farming Vault	13% of total token supply
Staking Pool	13% of total token supply
Operations	13.3% of total token supply
Team	15% of total token supply
Private Round	16.7% of total token supply

Token Sales Data

Token Name	PLE
Seed Round	12,500,000 $PLE
Seed Round Token Price	0.02 USD/PLE
Private Round	15,000,000 $PLE
Private Round Token Price	0.03 USD/PLE
Private Round 2	7,000,000 $PLE
Private Round 2 Token Price	0.35 USD/PLE
Public Round	3,750,000 $PLE
Public Round Token Price	0.04 USD/PLE
Total Raised	1,095,000 USD

• Please click here for Token Distribution details.

Token Overview and Use Case

PLE Token is the native utility token of Plethori. It is used in an incentivized system for staking, farming, and fee mechanisms. PLE tokens use a locked-in mechanism through which profits are shared among all participants equally, according to the profit generated.

PLE Token can be used in the following ways:

• Access to and deposit/withdrawals for the platform
• Staking/farming for rewards
• Voting rights in governance
• Transaction fees

Token Governance

Plethori governance platform and community forum will be in charge of Plethori Governance. In this platform, token holders will be able to submit proposals and vote on changes to the platform which will be vetted and executed by the governance contracts.

Influences of the governance tier level and strength are;

• Length of time holding PLE
• Length of time staking/farming PLE
• Frequency of usage of the Plethori platform
• Level of engagement in the Plethori Governance platform
• Community contributions

Technical Infrastructure

  Plethori is built on an interoperable DeFi protocol that allows cross-chain investments and trades. It also has a Fiat gateway integration that allows users to easily invest in crypto funds through their platform. This will facilitate fiat-to-token investing and create a bridge to the world of traditional finance.

  Plethori platform will also have NFTs integrated which will not only be tradable but also serve to reward ETF creators based on ranking and achievements. This will provide the community with advantages for use within the Plethori platform and other partner projects.

Plethori’s Community Overview

  Plethori is a Cryptocurrency ETF Investment Platform that allows open trading and the creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions.

Plethori platform offers decentralized cross-chain investments for exchange-traded funds built on the Ethereum and Polkadot blockchains.

Exchange-traded fund assets as of 2020 were worth $7.74 trillion according to Statista Research Institute. North America, Europe, and Asia own the largest ETF Industries worth over $7 trillion in total.

Plethori is positioned to capture a large part of these industries and expand the benefits of decentralization to traditional finance.

Plethori opens new opportunities to their users and leverages layer 2 technology to deliver high-speed, low-cost trading at the click of a button through their cross-chain functionality. They are built on an interoperable DeFi protocol that allows cross-chain investments and trades.

Future growth strategies:

• Plethori will leverage layer 2 technologies across their entire platform to enable high-speed, low-cost trading and deliver fast contract executions creating a smooth experience for the user, using optimism.io.
• Plethori will strategically disrupt the money market by facilitating a decentralized trustless investment network.
• Plethori Protocol will allow users to stake collateral to create their own ETFs with their portfolio of tokens.

Community and social channels

SOCIAL

   Twitter (Plethori)10k followers

  Telegram (Plethori)

   Medium (Plethori)

   Coingecko

   Buy on Uniswap

   Website

Advisors

• Neil Mitchell-Clack
• Matthijs van Driel
• Lester Lim

Restoring the name of DeFi in iGaming

---

Key takeaways

Key metrics (as of 16th of May)

Token type: ERC-20 token
Circulating supply: 10,017,979.00 ROYA (14%)
Total supply: 72,000,000 ROYA

1. What is Royale Finance?

Royale Finance is a decentralized industry-focused lending protocol basing its mechanisms on DeFi primitives.

Calling themselves iGDeFi, they are a cross-chain liquidity and technology solution for iGaming platforms.

Launched as an attempted fix for the security and trust loopholes in gaming platforms and for the liquidity access for game developers, they claim that many game developers halt their progress because of the lack of resources.

Using provably fair algorithms and a system that ensures entrepreneurs a chance to find their place in the game development industry, Royale Finance aims for a more open market that allows new and innovative ideas to sprout.

2. ROYA price statistics (as of May 16th 2021)

Royale Finance Price: $0.2953
Initial price (January 8th, 2021): $0.2194
24h Low / 24h High: $0.2803 / $0.2972
Trading Volume: $1,330,594.63 (12.66% up)
Market Cap: $2,959,912.18

Roadmap

November 26th, 2020 – partnering up with Vendetta Capital (advisory firm niched on decentralized finance projects)
December 2nd, 2020 – collaboration with Kyros Ventures (group of influential entities in the Vietnamese blockchain industry)
December 3rd, 2020 – first seed placement round sells out and a second one is announced
December 7th, 2020 – strategic partnership with Alphabit (digital asset investment fund)
December 14th, 2020 – announcement of new integration partner TIDAL Finance and of the debut of IDO on Polkastarter. Royale opens two contribution pools on Polkastarter, the Queen Pool for applicants offering 1.675M $ROYA, and the King Pool for applicants offering 0.825M $ROYA, who also have 1,000 $POLS TOKENS.
December 18th, 2020 – Fomocraft becomes an active supporter of Royale, contributing to the seed round and helping with advice on marketing, communication, and crypto strategy.
December 21st, 2020 – announcement that on January 8th, 2021 ROYA will be listed on Bithumb Global
January 4th, 2021 – Fund AU21 Capital joins the investor’s group for Royale
January 11th, 2021 – On a majority of 232 votes out of 280, Royale decides to lock liquidity in Unicrypt smart contracts on the grounds that this move would “reduce slippage and encourage trading volume in the ROYA/ETH swap pool”.
January 12th, 2021 – second integration partner announced, BetProtocol
The partnership is an all-in-one tech solution that combines the liquidity pools of Royale with the provably fair technologies and vigorous crypto integrations of BetProtocol.
January 19th, 2021 – strategic partnership with CasinoLicense.com
In view of this new partnership, Royale claims to help the iGaming companies supported by their platform efficiently obtain licensing services. In return, CasinoLicense.com’s clients gain access to Royale’s liquidity pools.
January 21st, 2021 – collaboration with Mantra DAO to launch a staking reward program, having the first 100,000 $ROYA deposited benefiting a 467,2% APY.
January 21st, 2021 – announcement of their first Royale Rarities NFT Collectible, the “Queen of Queens”
The ones who own the “Queen of Queens” have the advantage of priority access to special promotions and exclusive iGaming access.Founders claim that NFTs will be an important element in the Royale ecosystem, consisting of art pieces and rewards, such as airdrops of ROYA and tokens from partner projects.
Also, Royale NFTs could be used:
• as a financial product (loans and insurance contracts)
• in iGaming by the partnered companies as rewards for their players
Royale is to withhold a 5% transfer fee from the seller and buyer, a fee that goes directly into the Royale liquidity pool.
February 4th, 2021 – partnership with e-Money for a handy infrastructure that will aid entrepreneurs to bankroll their platforms (using stablecoins).
February 24th to March 10th, 2021 – Incentivization program, rewarding 10.000,00 ROYA
February 25th, 2021 – partnership with DeFi Wizard in order to integrate Binance Smart Chain ROYA becomes available for transaction on Ethereum and BSC
March 3rd, 2021 – partnership with SpiderDAO
This partnership results in giving users access to liquidity as utility, which subsequently will enable gamers free access to SpiderVPN.
– partnership with API3 in order to oversee the price data transparency
Benefits: no middle man, no further taxing, and fewer oracles.
March 8th, 2021 – partnership with CyberFi’s ITAP (Intelligent Trading & Automation Platform), a tool for efficiently managing trading, farming, and liquidity pooling and yielding analytics
March 11th, 2021 – collaboration with Dafi
– partnership with Playcent, a decentralized user-generated content platform for apps, games, NFTs, and tokens
The partnership focuses firstly on introducing ROYA inside the platform for users to play for assets, subscriptions, and in-app purchases.
March 15th, 2021 – strategic partnership with Peckshield, security auditing expert.
This partnership benefits the Royale platform of risk control, defense deployment, and code auditing.
March 16th, 2021 – collaboration with Bonded, doubling down on the research for growth opportunities.
So far, the developments have produced effects in the accessibility of capital resources, borrowing, and landing ROYA, increasing ROYA demand and controlling scarcity, earning liquidity incentives, and BOND tokens.
March 17th, 2021 – partnership with Boson Protocol
The collaboration aims to turn in-game currency into real-life spendable money.
March 25th, 2021 – partnership with Kylin Network, increasing the data reliability of smart contracts.
The prominent platform offering oracle services will provide tools to users in order to create a trustless trading system.
April 20th, 2021 – collaboration with Sheesha Finance Going way back (the founder of Sheesha Finance is one of Royale’s early investors), the collaboration aims to create Liquidity Generation Event: a series of staking mechanisms boosting the contribution of Ethereum and Binance Coins to the available blockchain networks in return for Liquidity Provision Tokens.
April 8th, 2021 – integration of Bridge Mutual widget* in the Royale platform
* Bridge Mutual is a decentralized risk coverage solution allowing users to access the protocols directly from the app.
April 11th, 2021 – Royale collaborates with Immunefi to solve network security issues
April 21st, 2021 – the launch of Royale Mint (a staking pool) in collaboration with Ferrum Network
The partnership rests on Ferrum’s knowledge of interoperability with fiat currencies and DeFi solutions.
May 6th, 2021 – announcement of Royale Finance Web 3.0 Mainnet V1.0 Launch
Features of Royale Web 3.0 App:
• Royale DApp Stablecoin Liquidity Provision
• Royale Pool Token (RPT) Staking & mROYA Farming
• Royale Staking Lots
• ROYA Reserve & mROYA Farming
• DeFi Powered Gaming Liquidity

3. Community and Social Media Channels

Royale Foundation’s Website
For everything you need to know about Royale Foundation, visit the official Website.
Royale Foundation’s Telegram
Join the conversation on Telegram to stay in the know about Colony Network.
Royale Foundation’s Twitter
To keep up with the latest updates from Colony Network, follow them on Twitter

PART 1. Introduction of South Park project and community questions.

Hello, Satoshi clubbers and guests of this site. Do you like South Park cartoons? Today our guest from South Park Finance. Are you happy? Yeah, let’s talk about this project.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @Satoshi_club

D. | Satoshi Club – @Cool_as_Ice

The Representative of the project:

Timmy Burch – @timmy_sp_admin

Introduction of South Park finance project.

Mary | Satoshi club:

Hello, Satoshi club! We are happy to announce our ama session with Southpark finance! Welcome to Satoshi club😀

D| Satoshi club:

Today our guest – @Timmy_sp_admin ! 👏Timmy!

Mary | Satoshi club:

Hello, Timmy! Happy to see you here 👍

D| Satoshi club:

Good to have you here Timmy!

Mary | Satoshi club:

How’s going?

Timmy burch:

Hey, mary and d.! Thank you for having us here and me as a spokesperson for the whole team of South Park!

Mary | Satoshi club:

We love South Park🎉 and it’s a pleasure to have you here today! And as usual we will start with an intro😀

Timmy, please, introduce yourself and give us shot introduction of South Park finance 🚀

Timmy burch:

Me, Timmy, I used to be less than unnoticed but after South Park came to DeFi I felt myself born for the second time! I can speak, I can talk! Mary! I even can walk!

D| Satoshi club:

Incredible 🤩

Timmy burch:

All thanks to the team. We are a group of 4 people working hard together to make our beloved South Park shine in DeFi field.

Three developers, one marketer and part-time desiger (i believe he’ll become full-time of the team soon) – is a small but hardworking team of enthusiasts so heavily devoted to a common goal – built something noticeable in yield farming these days.

Mary | Satoshi club:

Is Kenny in your team?

Timmy burch:

Of course, he is on our team – he is our token! 🤑😂🤣

Mary | Satoshi club:

Ahaha, so no one will kill him😂 Why South Park?😀

Timmy burch:

Even if so – he will always come back to life 😉

D| Satoshi club:

Btw, south part is your hobby project? Which you building in free time?

Timmy burch:

Yes, let me tell you more about what South Park is Of course because we all love it! It is our main project and later you will see why we can’t do it part time

Mary | Satoshi club:

My son loves it and me as well

Timmy burch:

Okay, let’s get back to the main question – what is South Park on polygon network.

Mary | Satoshi club:

Sure!😀

Timmy burch:

South Park is the last resort for everyone who takes yield farm seriously and craves high APRs, smart tokenomics, and a profitable referral system.

D| Satoshi club:

This is an interesting choice. I think you one of the first newly born project on our ama, which chosen polygon as its first chain, the main chain

Mary | Satoshi club:

As I know you started to experiment with polygon😉

Timmy burch:

It was a non-brainer as polygon is on fire nowadays!

Mary | Satoshi club:

You follow the trends!

Timmy burch:

South Park has it!

D| Satoshi club:

Yes, yesterday, very cool experience 👍

Timmy burch:

I’m wondering. If you know any better than 3 level referral system in projects running on smart contracts?

Mary | Satoshi club:

Even I haven’t seen such system for a long time😀

Timmy burch:

Exactly! That’s what Kyle was pushing for on our daily meetings! And I believe he was right – having income from friends of your friends is the best you can find among competitors in yield farming!

Mary | Satoshi club:

Sounds good 😊 Timmy, thank you for your intro! Are you ready to go to the questions from our community?

Timmy burch:

Let me give our project a more detailed introduction.

For starters – we are running our DAPp on polygon – the most advanced, fast second layer solution network with unbelievably cheap transaction fees.

For the second – our APRs are mind-blowing! Totally cartmans idea, by the way.

For the third – our referral system will make you rich. End of discussion! Just don’t be lazy, lol

For the last – our tokenomics is smarter than it looks from the first glance. We’ve put lots of thoughts into it to make our token – Kenny – deflationary.

Preselected questions about the South Park finance DeFi project.

D| Satoshi club:

I won’t ask too much about this, because I believe we have a question in the first part related to this topic  😄 Let’s goooo!🚀 thank you for the nice intro!

Q1 from telegram user @xperia3

There are some projects in the market uses some of the famous cartoons or animes such as pokemon, however, they do not have an official agreement with these productions. Do Southpark finance really have an physical agreement with South Park? How legit is Southpark finance?

Timmy burch:

At this stage of our project we can’t disclose anything related to this topic. All I can say is that we are in contact with the rightsholders.

Mary | Satoshi club:

Ok, so we have hope that you won’t have any problems with this topic?

Timmy burch:

DeFinitely!

D| Satoshi club:

Did you try to reach South Park creators? Via social media, and somehow discuss with them your vision on a project?

Or probably you have plans on this?

Timmy burch:

We are in process of negotiating. Wait for some news. 😉

D| Satoshi club:

Okay, go it 👌

Mary | Satoshi club:

Ok, we will follow your updates! Thank you for your answers! Ready to proceed?

Timmy burch:

Timmy! Yes, mary!

D| Satoshi club:

Q2 from telegram user @ruttiee

While researching on your project, I noticed that one of issues highlighted in your audit report is the risk of liquidity centralization. The report states that liquidity gets added to the operator and the operator has control over most of the token liquidity. This implies that the project team can easily remove liquidity and rugpull. This raises serious concerns about the security of investors fund especially with the high number of rug pull going on in the crypto space, how will Southpark.finance ensure it’s holders and prospective investors that the team won’t remove liquidity and rug pull? Has southland resolved these issues in its smart contract since the audit?

Timmy burch:

We have planned an event when we will start to send it to the token address so that liquidity will not be unwrappable and sellable. We created South Park to shine and prosper for many episodes and series ahead and we’ll never harm our beloved place!

D| Satoshi club:

When will this event happen?

Mary | Satoshi club:

Ok, trust builds not only on code, vut also on personal trust😀 can you tell us who is in your team?

Timmy burch:

As far as I remember – in less than 48 hours. Oh, wait, I have a precise time – June 8, 5pm utc

Three developers, one marketer and part time designer (I believe he’ll become full time of the team soon) – is a small but hardworking team of enthusiasts so heavily devoted to a common goal – built something noticeable in yield farming these days.

We have intensive knowledge in smart contracts and web development and have been in the crypto world since as early as 2011!

Mary | Satoshi club:

And this issue will be removed after this event? Do you plan additional audit to insure your investors that everything is safe?

Timmy burch:

Yes, as security is very important to attract big investors!

We’ve suffered at least two rug pulls – both hard and soft ones and decided to create our own project – safe place for our own money and for everyone who will join South Park.

D| Satoshi club:

True, security is super important, it gains trust to the project

Mary | Satoshi club:

Are you public or anonymous?

Timmy burch:

At this stage of our project, we are anonymous and eventually we will demon as we don’t see us growing without introducing our identity to our community.

Mary | Satoshi club:

That’s nice, we will follow your updates!

Timmy burch:

Timmy! 💪😉

Mary | Satoshi club:

Timmy, thank you for your answers! Ready for the next question?

Timmy burch:

Yes!

D| Satoshi club:

Q3 from telegram user @asela1112

Automatic liquidity implemented as 5% transfer tax on each transaction of its native token Kenny in South Park. What transactions fall under taxation & what transactions with tax free? 3% will be added to the Kenny-matic liquidity pool & 2% will be added to the reinvestment pool. Most of the platforms redistribute about 2% to their native token holders or staking holders. How about South Park platform in this matter? Is there any automatic burning protocol when a transaction occurs, without affecting in inflation rate?

Timmy burch:

Indeed, South Park has a 5% transfer tax on each transaction of its native token Kenny in south

– 3% will be added to the Kenny-matic liquidity pool through the contract automatically. Liquidity will be added on quickswap.

-2% will be added to the reinvestment pool through the contract automatically.

What transactions fall under taxation?

1) wallet to wallet transfers

2) Kenny swaps for any other token

3) add/remove liquidity on quick swap for any pairs with Kenny

4) staking Kenny in pool

5) harvesting from any pool or farm

6) withdrawing from reinvesting pool

Timmy burch:

What transactions with Kenny are tax-free?

1) reinvesting Kenny

Let’s see how taxation works when you add/remove liquidity on quick swap on example of $1000 Kenny: $1000 Matic.

You will receive lp tokens for $950 Kenny: $950 Matic liquidity and $50 Matic back.

$50 Kenny tax will be sent to

1) $30 to Kenny-matic liquidity

2) $20 to reinvestment pool

Mary | Satoshi club:

How does the reinvestment pool work?

Timmy burch:

In South Park we don’t distribute 2% directly to token holders. We send it to the reinvestment pool and those who participate in it share it.

Let’s see how the reinvestment pool works.

The only way to stake your Kenny in this pool is to reinvest your rewards Kenny from other farms or pools.

Just click button reinvest instead of harvest and your Kenny will be staked to reinvestment pool. Strating from this moment except of rewards per block for staking in the pool with 30x multiplier you will share all those 2% taxes!

Mary | Satoshi club:

How many Kennys already were shared?

D| Satoshi club:

Thanks for explanation! Any plans to get listing on some CEX? Anytime soon

Timmy burch:

Currently, almost 600 000 Kenny were shared among shareholders of the reinvestment pool!

Yes, this week, stay tuned! First, we need to implement the answer to the first question and then listing 😉

D| Satoshi club:

Gotcha, that’s good news!

Mary | Satoshi club:

It’s 3600$ by current price!

Mary | Satoshi club:

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

Timmy burch:

Yes, sure!

D| Satoshi club:

Q4 from telegram user @pixma00

The only farm with an incredibly high apr and a tokenomics smart enough to handle the selling pressure on its native token, Kenny.  What is the yield and apr rates?  How many levels is your referral system divided into?  What strategy will be applied so that Kenny lives forever?

Some of these questions were answered, but you can add something new, if you want.

Timmy burch:

1) current apr is up to 5000%

2) we have 3 levels of referrals – you can earn from friends of your friends!

3) we are prepared to run an aggressive marketing campaign, implement a South Park game that will involve Kenny, and become an ad company on DeFi. We are ambitious and determined.

Mary | Satoshi club:

How does referral system work? What referred friend should do?

Timmy burch:

From your direct referral you get 1%, from his direct refs — 0.3%, from their direct refs — 0.1% 🤑

All you need to do is to share your referral link with your friends and communities.

You can find your link here

Mary | Satoshi club:

Should he investor, for example, just sign up?

D| Satoshi club:

Percentage will always be the same, or you can change it in both ways?

Timmy burch:

You will get rewards when he harvests his rewards!

The percentage will be the same unless the community asks for changes. Remember that we’ve implemented timeclock and we can’t change anything immediately.

D| Satoshi club:

Got it! Thanks for the answers! Ready for the next question?

Timmy burch:

Yes! Timmy!

D| Satoshi club:

Q5 from telegram user @cryptofollower

You implemented a feature named harvest lockup. It is introduced on South Park to limit the frequency of harvest which acts as a protection layer from token volatility. But you announced that time to be 4 hours. Why is that? I’ve seen on some projects that harvested coins are locked for weeks or more… what will be the benefits of harvest lockup and why did you implement it? Do you plan to change the time in the future and is it possible to change with governance?

Timmy burch:

As I said above we can change some parameters of our South Park yield farm but only when demanded by the community.

We’ve chosen 4 hours specifically after lots of debated on this topic in the team. Cartman wanted to make harvest available at any time! But how can this work with high emission per block? Kyle wanted it to be 72 hours as it would give the team time to introduce new token use cases and do marketing moves. After a long discussion, we’ve chosen 4 hours as it turned out to be more reasonable.

Mary | Satoshi club:

Who can see how many coins are locked and when unlock will happen? Team? Or all users?

Timmy burch:

We don’t monitor that although it is technically possible. Instead, we put our time into the development of the next feature. Anyone with extensive knowledge in smart contracts can figure this out I guess although I am not part of the technical force in our team and I can’t say for sure. What I can tell you though is that it doesn’t really matter as people have their harvest unlock time in pretty evenly spread time so we haven’t seen any peaks of selling pressure.

Mary | Satoshi club:

Gotcha 👍 Timmy, thank you for your answers! Ready for the 6th and last question from this part?

Timmy burch:

Yes!

D| Satoshi club:

Q6 from telegram user @imwiiw27

Since your project name is Southpark, that based on American animated series. Do you have plan to make similar character in Southpark as NFT?

Timmy burch:

Yes, stay tuned and wait for announcements!

D| Satoshi club:

So, the time for NFTs release is not set?

Timmy burch:

Yes, we don’t have a precise date.

D| Satoshi club:

👌 @madamlobster are we ready for the second part?

Mary | Satoshi club:

We will wait, it will be great to see all characters as NFTs😁

Timmy burch:

Yes!

Mary | Satoshi club:

I am, let’s ask Timmy. Then, let’s go 🚀

PART 2.Questions about the South Park finance 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 South Park finance 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 @BJosefina61

Why do some pools have a higher multiplier factor than others (from 5x to 60x)?

Timmy Burch:

I find this very interesting. First for the data 🙂 , but secondly because it’s a very interesting case for governance. The $TSX will allow users to vote, and the TSX will be distributed to users of the platform by liquidity mining. I find it very powerful and unique that the community itself will be able to decide what goes next, what should we change, enhance, etc. We are considering adding next soccer, and then e-sports in the original plan.

Q – 2 from a telegram user @vedamatrix

Are there any plans to add mini-games into the project after NFT release? 

Timmy Burch:

Game is coming soon! Stay tuned!

Q – 3 from a telegram user @highpee

Your team is made up of only 4 full TEAM MEMBERS. Don’t you this they will be overworked with the great scope and objectives you have set for this project? Are you guys working remotely or you are together working in the same location? Will you be employing more hand?

Timmy Burch:

We definitely will have to scale at some point. I guess for now though we have enough power to meet all milestones on our roadmap. Two devs are working together, the other dev, marketer and designer – remotely

Q – 4 from a telegram user @JoxesXIII

t is very interesting that the TVL is + 1M$ while the mcap continues at 58k$; From the point of view of the project, do you think there is still potential ahead to consistently increase the TVL?

Timmy Burch:

Our project is highly undervalued in my opinion. With unique taxation system, high APRs it is capable to suck in hundreds of millions in TVL. This time will come with agressive marketing and new feature releases! Stay tuned!

Q – 5 from a telegram user @Cheriemike

Do you have another audition soon?Apart from Oblieks?

Timmy Burch:

Audit from Obelisk is pretty thorough by the way. I believe this company deserves more attention and trust. Other audits are planned for later though.

Q – 6 from a telegram user @Guandog

Kenny has been characterized by being practically immortal, how do you plan that $KENNY tokens also have this advantage and make the token valuable in the long term?

Timmy Burch:

1) marketing
2) new features
3) partnerships
4) work with community
5) team deanon

Q – 7 from a telegram user @nitrogenpower

Where can I buy $Kenny just now did it list the token anywhere right now?

Timmy Burch:

https://quickswap.exchange/#/swap?outputCurrency=0x6b1faaa2771E8B3AA0e0ba6830436E2DF2a0abD6

But don’t forget that 5% will be deducted that’s why you need to set up slippage to be more than 5%

Q – 8 from a telegram user @cindy_crypto

South Park is based on Polygon it really looks like Pancakeswap how is it possible? Do you have BSC support or this just pancakeswap interface?

Timmy Burch:

It is based on QuickSwap. We will release our own AMM though 😉
Support for other networks is highly discussed in the team. If community will vote we’ll add support of BSC into our roadmap.

Q – 9 from a telegram user @arboledae

Many projects start but get stuck along the way, could you tell me if you plan to stay active and offer projects and opportunities to the community in the long term?

Timmy Burch:

Our motivation is like KENNY – it is immortal 😉
We will always keep up the good work and provide new utility to our native token. I see the main advantage right now is 3 level referral system. We are one of a kind in these terms.
The other is a recognizable brand. And as we progress – new features will add much more uniqueness to South Park!

Q -10 from a telegram user @arbestefy

What do you consider your main advantages, main outstanding characteristics of this project, and how do you demonstrate its transparency and efficiency?

Timmy Burch:

Here

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the South Park finance 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: South Park finance

Telegram group  | GitHub |  Tweeter  |  Website  |  Medium 

PART 1. Introduction of Rikkei.finance project and community questions.

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

Rikkei.Finance is a revolutionary DeFi platform, with the core is a unique Open Lending System: Cross-chain support, NFTs collateralization, and P2P Insurance.

The plan of AMA session:

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

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:

Tung Vu – @tung_vu – CTO of Rikkeisoft & Rikkei.Finance

Introduction of Rikkei.Finance project.

Gold rocket | Satoshi club:

Hello, dear Satoshi club community! We are pleased to announce ama with Rkkei. Today our guest is @tung_vu!

Tung vu:

Hey hey, guys. Finally, I can say hello to the Satoshi family 🙂

Thank you so much for having me here today

Gold rocket | Satoshi club:

Hello and welcome to Satoshi club, @tung_vu! Sorry for delay. 😊🙏

Tung vu:

All good 🙂

Gold rocket | Satoshi club:

We are very glad to conduct ama with Rkkei!

Tung vu:

I’m glad to be here too.

Gold rocket | Satoshi club:

Let’s start!

Introduce yourself, please. How did you get to be involved in crypto & Rkkei? Tell us also please about your position in Rkkei?

Tung vu:

My name is tung, co-founder & CTO of Rkkei finance. I completed Ph.D. From Nanyang technology university, Singapore in 2017. I had previously served as a scientist, researcher at various reputed institutions.

Before Rkkei finance, I was CTO of Rkkeisoft, one of the biggest companies in Vietnam with more than 1300 developers working in multiple countries, including Vietnam, Japan, Singapore, etc.

With Rkkei finance, I aim to provide better solutions for the users, enhancing their experience and encourage greater participation.

Gold rocket | Satoshi club:

Wow! Great background 👍

Tung vu:

Thank you 🙂

Andrés m. | Satoshi club:

Wow, important experience👏

Gold rocket | Satoshi club:

What is the essence of Rkkei?

Andrés m. | Satoshi club:

How this idea come to your mind and how many times ago Rkkei born?

Tung vu:

In simple words, Rkkei finance (rifi) is a lending protocol.

The core features cross-chain support, NFTs collateralization, and p2p insurance. It utilizes blockchain tech that enables cross-chain integration, meaning it can accept digital assets that operate on any blockchain network and render it at an equivalent rate, making them a real-time currency exchange network as well.

Well, Hoa (CEO) and I were working together on blockchain for a while already. Rkkeisoft has invested in some blockchain companies since 2019, some of them become really successful.

We (Rkkeisoft) provided them not only the financial faCTOr but also helping with the smart contract development as well.

Gold rocket | Satoshi club:

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

Tung vu:

So along the way working with those companies, we come across a lot of brilliant minds. Hoa and I both agreed that this field is so interesting and full of potential. That’s why we started Rkkei finance

Gold rocket | Satoshi club:

This means that you already know how to make business successful! 👍

Tung vu:

We got a team of 25 people right now. Most of them are developers: solidity, frontend, api. We got a marketing team and management team as well. Our main advisors including loi luu (CEO of Kyber) and john ng (managing partner of signum). They are really helping us a lot.

Yeah, 9 years with Rkkeisoft really help us a lot. We built the company from 12 developers to 1300+ devs now. What a journey!

Gold rocket | Satoshi club:

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

Tung vu:

Sure, I’m ready

Preselected questions about the TradeStars DeFi project.

Andrés m. | Satoshi club:

Q1 from telegram user @michelth

Rkkei.finance is a revolutionary defi platform, the core of which is a unique open lending system: cross-chain support, NFT collateralization, and p2p insurance.  Cross-chain technologies open a new horizon for collateral and asset lending.  Can you explain the loan interest rate model to us?  How is it calculated?  How much profit does it bring to the market and investors?

Tung vu:

Okay, that’s one of the core features of our system, explanation would take a little time hehe.

Gold rocket | Satoshi club:

Take your time, please😉

Tung vu:

Basically, in the lending protocol, the borrow interest rate is calculated based on the utilization (ratio between supply and demand). For example, the compound is using a linear borrow interest rate model.

Andrés m. | Satoshi club:

Why did you choose this model?

Tung vu:

Tung vu:

So, when the demand increases (more people borrow from the pool), the borrow interest rate will go up linearly.

Gold rocket | Satoshi club:

Yes. Tell us about the benefits of this model. How is it different from others?

Tung vu:

There’s nothing wrong with the linear interest rate model, however, there are a couple of points along the line you need to pay attention to, to make sure that your system is safe.

(1) at the stress point, when everyone is borrowing at max capacity. If there’s a big price correction (flash dip) in the market, everyone got liquidated and you can just simply go bankrupt. That why’s at this point (ut) we exponentially increase the borrowing rate.

(2) at the low point, when no one wants to borrow anything. We find a way to lower the borrowing rate without trading off the supply rate.

Gold rocket | Satoshi club:

Does this mean that a unique open lending system is safer for users?

Tung vu:

Generally, yes. At low point users get more benefit, at highpoint the protocol is so much safer. So, win-win for both parties.

Andrés m. | Satoshi club:

So, what is your strategy to increase liquidity?

Tung vu:

Yeah, thanks for asking.

Gold rocket | Satoshi club:

Position win win👍

Tung vu:

1. About initial liquidity providing

(1) rifi has raised $5.6 million, definitely not a small amount. This initial fundraising can provide (partly) the initial liquidity for the system, which is as per our plan.

(2) investors and partners of rifi all have committed to provide a certain amount of liquidity into the system. The total number is quite impressive, and it will be shared with the community shortly.

(3) we are announcing the stable vault soon. People can start depositing token in to get high APY as well.

1. About long-term profit

Lending is all about the difference between borrowing interest rate and supplying interest rate. This difference will be used as:

(1) interest payment for the lender

(2) risk reserve for the protocol and

(3) system profit.

In the short term, we will not prioritize the profit of the project, but we will focus mainly on risk reserve purpose, ensuring the safety of the protocol as well as users. We will gradually increase the profit margin in the long run. In general, this will be a profitable and sustainable business model, not relying on selling tokens for profit like some other defi protocols.

Andrés m. | Satoshi club:

Fantastic strategy, all the scenes covered, great job👏

Tung vu:

Thank you. Team effort haha

Gold rocket | Satoshi club:

Thanks a lot for this explanation! The benefit is obvious! I suggest moving on to the next question😊

Tung vu:

Let’s go

Andrés m. | Satoshi club:

Q2 from telegram user @user5k

Rkkei investors and partners have agreed to provide a certain amount of liquidity to the system.  The total number is quite impressive and will be shared with the community shortly.  Could you detail us how much rifi has definitely raised?  Do you think that with this injection of capital they can start the development of the project or as time passes a new reinvention of capital will be carried out?  How will the liquidity provision be distributed?  Can you tell us what benefits will be shared with the community?

Tung vu:

Let’s me share with you guys some information about the fund-raising processes.

Tung vu:

Gold rocket | Satoshi club:

Looks good👍

Tung vu:

We didn’t raise any money for the seeding round. We developed our product first, and then when it’s running on testnet we introduced it to individual strategic partners and investors. The evaluation at that time is $30m and $40m respectively.

We raised $1.2m for the strategic round and $4.4m for private sales. The usage of the fund will be used as below

Gold rocket | Satoshi club:

Well, your approach inspires trust and respect.

Andrés m. | Satoshi club:

Thanks for share it. Btw, is KYC needed to use your platform?

Tung vu:

KYC is not required to deposit and borrow. We are not supported unsecured loan right now, so KYC is not really needed

We believe that the fund is enough for 2nd phase of development. For longer-term, as I shared before, the business model will provide profit by itself! No.

Andrés m. | Satoshi club:

That’s great. Would you like to add something before the next question?

Tung vu:

Let’s go to the next question

Andrés m. | Satoshi club:

Q3 from telegram user @manugotsuka

I just realized that Rkkei finance applies an innovative implementation where NFTs can be used as collateral and borrowing, so how do you guarantee that this implementation will have the same performance with NFTs as stablecoins?

Gold rocket | Satoshi club:

Thank you very much for your answers! 😊

Tung vu:

We all have to agree that evaluating the value of NFTs is tricky, especially NFTs price can be easily manipulated by a group of users. So, to keep lending protocol safe, for NFTs we will do a p2p lending system with 2 NFTs lending cases supported as follows:

(1) use NFTs as collateral.

You are an NFT holder, and you want to borrow money: you lock your NFT in our system with a price tag. If anyone believes that your NFT is worth that much, they will deposit money to lend to you. Before the deadline, if you return the money, you get your NFT back, if not the NFT is now owned by the moneylender.

Gold rocket | Satoshi club:

Yes, this is an absolute trend today🚀

Tung vu:

(2) earn money by lending your NFTs

You have the money and want to borrow NFT: happens when you play some game, facing a quest that requires a specific item. You don’t want to purchase that item because it is unaffordable. You can lock your money in the system and borrow NFT from other people. Return the NFT on time will get your money back, if not, you now are the new owner of that NFT.

Andrés m. | Satoshi club:

How do you calculate the price of the NFTs?

Tung vu:

We don’t. In this case, we have to put the safety of the lending protocol and current users first.

The way we do it as I explain is that we let the market decide the true value of your NFTs. Anyone believe that your NFT worth as much as the money you’re asking, they will provide the fund for you to borrow

Andrés m. | Satoshi club:

Offer and demand.

Andrés m. | Satoshi club:

Amazing tools that your platform offers, thanks for your answers😃

Tung vu:

Correct!

Gold rocket | Satoshi club:

Thank you for your great answers! Are you ready for the next question?

Tung vu:

I’m ready.

Andrés m. | Satoshi club:

Q4 from telegram user @yellowchamp

Rkkei finance multi-kinked interest rate model makes the lending platform robust and sustainable. The lending protocol also ensures system sustainability through its 5-phase asset selection process, which employs a self-developed liquidity ranking system. So, can you tell us more about the multi-kinked interest rate model being implemented by Rkkei finance? How does this interest rate become affordable to the market? What are the 5 phase asset selection process implemented for the lending protocol of your platform lastly,how does a self-deployed liquidity ranking system works? If these ways be implemented and applied in the lending protocol of Rkkei finance,what do you think is the outcome and does your platform is open for feedbacks and suggestions from your lenders or clients? Thank you

Tung vu:

Wow you guys really have done the research on the project. This is the first time I have someone asking me about the liquidity ranking system!

Okay, the question about the multiple-kinked model I already answered. Let’s me share more about the liquidity ranking system

Andrés m. | Satoshi club:

We have high-quality users; however we received a big quantity of questions about your project, our members are so interested🥳👏

Tung vu:

First of all, why are we building the liquidity ranking system? The reason is that, recently we witnessed a lot of attacks into defi protocol. They exploit different weaknesses of the protocols, normally including (1) bugs in source code (2) manipulating token price and (3) bad risk management control model.

Gold rocket | Satoshi club:

It’s good that you are talking about security.👍

Tung vu:

We can avoid it by applying multiple methods to ensure the security of the system. Transparent 5-phase asset selection process is one of them, and the liquidity ranking system is the core value of it.

Through this process, assets will be evaluated using a self-developed liquidity ranking system, ensuring that only the most liquid assets are allocated to the pool, minimizing the risk of market manipulation and thereby ensuring system sustainability.

So, in short, we only support top coins, which are really really hard to manipulate. Hopefully, it will help strengthen the security of the system.

Andrés m. | Satoshi club:

Which coins do you support at the moment?

Tung vu:

Starting with stable coins like USDT, USDC, BUSD.

For nonstable coin we will support BNB, ETH, BTC.

Gold rocket | Satoshi club:

You thought out all the details very well👍 I hope this will give excellent results

Tung vu:

More markets will be introduced shortly 🙂

Andrés m. | Satoshi club:

Thank you, we will be waiting for the coming announcements about it. 😃

Tung vu:

Sure.

Andrés m. | Satoshi club:

Time to proceed with the 5th question.

Gold rocket | Satoshi club:

Thanks for your answers ☺️

Andrés m. | Satoshi club:

Q5 from telegram user @ruttiee

Rekkei.finance support NFTs as collateral which allows NFT holders earn by lending their NFTs and there are 2 NFTs lending cases that we support on the rifi platform which are:an NFT holder seeking a loan and a user who wants to borrow NFT. Can you please explain in detail how this two cases work? How will rifi platform match an NFT owner with a user who wants to borrow NFT?

Gold rocket | Satoshi club:

Partially disclosed. But maybe you have something to add😊

Tung vu:

Yeah, 2 case studies for NFT lender and borrower i’ve already mentioned.

I just want to add that we are not going to build a new NFT marketplace.

Gold rocket | Satoshi club:

Thank you very much for the clarification.

Tung vu:

Yeah, NFTs is trending and nice, but we really want to focus our team and all of enegy on the lending protocol. Building such a complex system like that requires 100% focus and a lot of work. We will collaborate with top-tier existing NFTs marketplace to provide more service for their users and also our lending users.

Andrés m. | Satoshi club:

Talking about financial products is talk about a safe environment, have you done events to increase transparency and security like audits or hackathons?

Tung vu:

Quick peak for you guys about the liquidity ranking system. We’ve finished building the product, just waiting for the exact date to announce it.

Yes, we are auditing our coding with multiple vendors like Hacken and Perkshield.

Any line of code that we introduce to the community is carefully scanned and audited.

Gold rocket | Satoshi club:

Congratulations! Great milestone! Don’t forget to share with Satoshi clubbers😊

Tung vu:

Sure, I’m more than happy to share it with you guys.

Andrés m. | Satoshi club:

We are happy to know that everything is safu😁

Gold rocket | Satoshi club:

Thanks for your answers! Ready to proceed to the last question of this part?☺️

Andrés m. | Satoshi club:

Thanks for the detailed info and for make it easy to understand for all our members.😃

Tung vu:

Yes, let’s go

Andrés m. | Satoshi club:

Q6 from telegram user @cryptofollower

Rkkei finance raised $5.6 million to build the first open lending platform with cross-chain support and NFTs collateralization. And big investors in the blockchain industry, including signum capital, hyperchain capital, kyber network, x21 digital, ld capital and more invested to the project. Could you explain what mutual benefits will you get from these partnerships in the long term. Also what are the lockup periods and what is the token release schedule about this funding?

Tung vu:

Great question.

First of all, we are really picky in terms of choosing investors. The people who onboard with us, all bring a lot of value to the project.

Gold rocket | Satoshi club:

This is a good рroperty for a crypto project 😉

Tung vu:

Signum, ld: they are the first ones to approach us, helping a lot in terms of connection and advice.

Fomocraft for marketing

Blockart, x21, ybb, kyros, coin98 for the international community

Kernel capital for the Chinese community

Hyperchain also connected us with the fantom team. We are planning to build a new version on fantom too.

About the token release schedule

You can see that all early investors get 0% release at tge. That’s because we (investors and the team) agreed that the investment into Rkkeifinance should be considered as long-term investment, not pump-dump short-term kind of thing. The investors and strategic partners will stay with project for a long time and contribute value a long the way.

Also, it’s good for the community, if you are a retail investor, you don’t even have to worry about the ido/listing dump because it’s not gonna happen 🙂

Andrés m. | Satoshi club:

The great brand have you partnered with, is there any other partnership in plans?

Tung vu:

There are a lot in the queue. I’m dying to tell you guys right now, but the policy is policy. Stay tuned, we will announce it shortly

Andrés m. | Satoshi club:

@tung_vu thank you so much for your answers, it’s an honor to have a great and experienced personality with us, which makes Rkkei different from its direct competitors. Congratulations you have a strong project with great fundamentals. 👏😃

Gold rocket | Satoshi club:

Thank you very much for your answers and clarifications.

Tung vu:

Thank you so much for all the nice words.

Happy to be here sharing it with the Satoshi family. You guys are great!

Andrés m. | Satoshi club:

Then is time to proceed with the live segment of the ama😁, a ton of questions are coming to the chat.

Tung vu:

Let’s go

Gold rocket | Satoshi club:

Now get ready for the most impressive part of our ama! Live questions! 🚀

PART 2.Questions about the Rikkei.Finance 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 Rikkei.Finance crypto project chooses the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @sweetdoge

You mentioned about that you got a team of 25 people right now so do you plan to add more people into the team, any job offerings?

Tung Vu:

We will take it slow, quality over quantity. Of course you guys can DM me if you think can contribute to the project. Right now we are still looking for an CMO.

Q – 2 from a telegram user @Boylut

When do you plan to release your staking Vault? Is it after the product lunch? 

Tung Vu:

The staking vault will be release before the product launch.

There are 3 vaults:

(1) Stable coin vault: You stake your stable coin and earn some interest rate money plus RiFi token. It will be USDT vault.

(2) Rifi vault: You stake our RiFi token in and earn HUGE reward with GREAT APY. You can earn RiFi token even BEFORE the listing. We will announce the airdrop/bounty campaign very soon.

(3)RiFi/BNB Pair vault: You provide liquidity for RiFi/BNB pair and earn a reward from that.

Q – 3 from a telegram user @doithay1617

Rifi.Lending Dapp launching on Binance Smart Chain (BSC), why did Rikkei choose to launch on BSC instead of Ethereum?

Tung Vu:

Well, the anwser go back to the time we started developing the product. At that time, we have several choices: BSC, ETH, Polkadot, Solana, Fantom, …. They are all decent choice, and we have the strong technical team to go with any direction that we want. We chose BSC because:

– ETH is already crowded, the fee is too high and transaction is slow. Not really idea for the starting product.
– Polkadot is really trending and hot at that time. But Kusama and Dot are not yet released. We are not selling the idea, we have the product right there when we list. I don’t want to wait for the main-chain to be release so our product can run. I want it running smoothly from day 1.
– Solana/Fantom are both cool, but at that time the ecosystem is not really there. So we will have the plan to expand our system to those chains later

Q – 4 from a telegram user @nitrogenpower

On your interest rate feature are there only two different points for creating multiple kinked interest rates or is it possible to create more points?

Tung Vu:

Of course you can have different equation for different point on the utilisation line. However, there are only 2 critical points that you need to address: low point and stress point. As long as the utilization rate is somewhere between U_low and U_stress, your lending protocol is completely fine.

Q – 5 from a telegram user @NataliyaKil

One of the sections on your site is not yet available – Developer Hub. How soon do you plan to open this section, what function will this section have, will it be intended only for the development team, or will the information be available to regular users too?

Tung Vu:

We will open the section as soon as all the source code be audited. The most important function will this section have is the instruction for integrating our protocol into an existing systems like Financial hub ( coinbase wallet, Gnosys Safe app, …) or NFTs marketplace (rarable, …)

Q – 6 from a telegram user @Amila19932

Do you have any special plans to survive in a bear market? Because if we have already enetered to the bear market it is not easy to survive for a new project, Are you strong enough to survive in a bear market?

Tung Vu:

Actually, the mindset of investors have changed after many bull and bear periods. Right now, as long as the project has a strong core team, brilliant breakthrough ideas and solid products, it will attract a lot of investors. One prime example is that even in the present bear market, we have successfully raised nearly $6M to build our lending protocol – Rikkei Finance.

As you can see, we didn’t raise any money for seeding round, we’ve developed the product first. So that when we approach investors, they can immediately try out the project by themselves. By doing so, they can verify our technical capability as well as our business model.

With the secured investment from notable investors and a profitable business model (a lending protocol), we believe that we can survive this bear period.

Q – 7 from a telegram user @Xusuo

Well from what i read from today ama, Rikkei is greal lending project, may i know how are the way if i want to purchase Rikkei token? Any info regarding presale or public sale your token?

Tung Vuk:

For now the token sale is closed as we’ve finished strategic and private round. You can participate in the Airdrop and Bounty campaign (To be announced soon) to earn RiFi token, even before we’re listed on BSC.

Q – 8 from a telegram user @Akalkhan

How do you plan to spread your understanding of the project in different countries where spoken English is not good like mine?

Tung Vu:

We have a translator team working hard to bring more information about the project to other countries. But for now, most of the information will be in English, Chinese, and Vietnamese. More languages will be supported after the Listing and Product Launch.

Q – 9 from a telegram user @yellowchamp

How do you accept client’s suggestions and opinions with regards to Rikkei Finance lending protocol? How are you open for this situation?

Tung Vu:

Our token does have governing feature. Just by holding RiFi, your voice will be heard. We are open to discuss everything transparently with the community. From what token to be supported, what risk management level to be managed, collateral factor equations and so on.

Q -10 from a telegram user @cindy_crypto

Are there any features you implemented if a big price correction happens in the market to prevent everyone to be liquidated?

Tung Vu:

Crypto market is highly volatile, we all know that. When even like big price correction or flash dip, we all need protection, from lender, borrower and the lending system itself.

For Lender and borrower, we will bring the liquidation coverage feature from insurance partner to you as soon as possible.
For the lending system, to prevent panic withdrawal, we will implement limitation for one-time withdrawal amount.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Rikkei.Finance 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: Rikkei.Finance

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