Satoshi Club

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Petro Swap, a platform that allows the creation and trading of fuel derivatives, with an architecture managed over four stages: Petro.Pay b2b, Petro.Pay b2c, Petro.Swap, and Petro.Swap Defi. The AMA took place on June 1 and our guest was Robert Martin, CTO at Petro.

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

---

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Petro.Swap! Welcome to Satoshi Club.

Robert Martin: Hey Guys, Great to be here!

Mary | Satoshi Club: we are excited to hear more about Petro.Swap, but for the beginning we will ask you to introduce yourself to our community.

Robert Martin: We are Petro. Petro is fuel trading startup platform, Petro, is seeking to do just that, tokenizing derivatives of oil, gas, and electricity products to leverage the existing fuel card market and introduce fuel trading to defi. It allows fuel suppliers to create liquidity pools to earn additional revenue from their products and consumers to buy futures when price meets expectations, helping create a mutually beneficial ecosystem.

Mary | Satoshi Club: Gotcha, that’s really interesting! What is your role in Petro.Swap project?

Robert Martin: I’m CTO at Petro. I had quite a lot of experience also both in trading commodities and selling them to enterprises/businesses. Fortuitously, it also means that I have connection that will be of a great help when building our vision of Petro! Because partnerships and Capital Investors are really crucial cog in the machinery of every Crypto Project that goes doubly so when we are talking about fuel tokenization and B2B sphere.

Mary | Satoshi Club: Yes, experience is very important to build working project! Who else is in Petro team? I couldn’t find info on your site.

Robert Martin: Apologies for website not being informative. The work on the website functionality is ongoing and you might even see real-time changes 😎. Currently we have around 20 employees. This also includes remote developers, marketing, and advisors. Our team is built on the backbone of both experience in the field of fuel-based derivatives as well as enthusiasm and passion about crypto. We strive to coalesce the two and for that we need both knowledgeable people in commodity markets and crypto professionals.

Q1 from Telegram user @h1drX 

The $ PETRO pre-sale will be launched in the middle of June, according to the information from your Medium, the main function of $ PETRO is to buy commoditized Fuel cards. What is the usefulness of these cards? Also, does $ PETRO work as a utility token? That is, a type of utility token that allows anyone who has one in their power to access products and services that are provided by a private party. Something like a promise.

Robert Martin: In basic terms fuel cards represent the fuel you are buying since you can’t really buy barrels. $PETRO token is an integral part of the platform. It is currently the only currency that will act as a financial instrument on the platform and within the ecosystem. On top of that, in the initial stages of the development we will give opportunity to our users to partake in liquidity pool staking adding another layer of utility on top.

There are also some services that can be bought exclusively with $PETRO on the platform. We will provide more info on that further down the line.

Mary | Satoshi Club: Where your pre-sale will take place?

Robert Martin: We are still settling the negotiation details with our IDO platform. We can’t give anything at this point in time. We are aiming at Early-Mid June. Follow our group for the latest updates! https://t.me/petro_official_group

D. | Satoshi Club: and also can you share with us info about upcoming pre-sale? what people need to know.

Robert Martin: Certainly, we will have 3 rounds in total:

Special Token Sale Round. 50 000$ worth of $PETRO tokens are reserved for this round. Details on how the round will be conducted and what are the requirements will be revealed in the upcoming days. Vetting will be spread across 10 months with 10% being distributed each month. Initial price: 0,025$.

Private Round. For Private Round 150 000$ worth of $PETRO tokens are reserved. Private round is, in most cases, an opportunity for Venture Capital investors to have a stake in the project. Vetting will be spread across 10 months with 10% being distributed each month. Initial price: 0,04$.

Public Round. 50 000$ worth of $PETRO tokens are reserved for this round with no monthly vetting. Initial price: 0,064$.

Q2 from Telegram user @Ruttiee

The Petro platform allows for the creation and trading of fuel derivatives, with an architecture managed over four stages which are: Petro.Pay b2b, Petro.Pay b2c, Petro.Swap,and Petro.Swap Defi. To better understand your project,Can you briefly discuss these four architectural stages of the Petro platform? Who are the key players in each stage?

Robert Martin: Our main idea is to cater to every group by singularizing every stratum of people and deliver our promise to make fuel-based trading more accessible to wider audience.

Petro.Pay b2b allows businesses like truck fleet operators, taxi firms, and logistics companies to purchase the fuel they need from suppliers like gas stations and oil depots. The platform consists of Super Admins (the Petro technical team), Admins (business consumers), and Users (the employees or contractors of those businesses).

Petro.Pay b2c also allows retail customers to use the system and purchase fuel. This is the very first step towards opening the gates for retail investors to get into the commodity fuel-based market

Petro.Swap takes things a step further, allowing oil, gas, and electricity suppliers to attract even greater liquidity via tokenized derivatives.

Petro.Swap Defi provides an Automated Market Maker (AMM) on the Ethereum network, creating a liquidity pool for the tokenized oil, gas, and electricity market where fuel suppliers can sell deliverable futures contracts.

D. | Satoshi Club: oil, gas, and electricity things are you mainly focusing, are you have plans to extend sphere and work with other commodities in the future?

Robert Martin: Commodity market is HUGE hence if/when the opportunity to expand on our currently available “inventory” opens – you can be sure we will add more.

D. | Satoshi Club: got it! and are you planning to building your DeFi only on Ethereum? or it possible that you will support other blockchains as well?

Robert Martin: We are concentrating our efforts wholly on Ethereum and its potential in the future. We are not excluding the possibility of enlarging our pool of networks though.

Q3 from Telegram user @Highpee 

You will be leveraging on mass expansion and popularity of smartphones to integrate mobile apps as a monitoring and management tool. What type of apps are you planning to build and what distinctive management features will your app have which will allow a transparent and accurate tracking of fuel transaction between clients and customers? Also, will the app be able to carry some blockchain activities in addition its primary transaction tracking functions and can users use it to store $PETRO or any other crypto asset?

Robert Martin: Trading fuel-based derivatives might be confusing and daunting for a lot of people that’s the reason why we’ve decided to create/design an app that will make it easier to control fuel management and motoring expenses. An increase in the adoption of smartphones then will help bring fuel cards into the digital sphere, with the ability to capture mileage, fuel consumption, and vehicle data in real-time. Our app will mostly focus on expanding and supplementing the platform capabilities and making it easier to interact with the market. And yes, you will be able to store $PETRO there!

D. | Satoshi Club: your app will be operating on both systems – ios and android? for using app user should store some amount of your tokens there?

Robert Martin: Indeed. Both operating systems will be fully compatible with Petro app.

D. | Satoshi Club: any plans to create your own crypto wallet?

Robert Martin: As of yet we have a clear focus on the app and platform. Wallet functionality may be added later but we don’t see it as priority right now.

Q4 from Telegram user @Arisabela 

Petro Swap is basing its ecosystem on the use of fuel cards around the world and the adoption of these fuel cards in the digital sphere through smartphones, however in less developed countries this system is in most cases totally manual and obsolete, does Petro plan to take on this challenge too? To bring the digital world and improved with tokenization and the use of smart contracts to third world countries?

Robert Martin: With the help of blockchain technology, its decentralized nature, and tokenization feature of Ethereum we plan to transform the current notion of commodity market being inaccessible because of the regulatory measure or/and any other tight restrictions. We want to make commodity market more open to more diverse varying groups of people and nationalities. Our app will be the first step towards making it more accessible.

Mary | Satoshi Club: What is your plans for nearest future? Your biggest goals?

Robert Martin: We are not looking too far in the future. We tend to concentrate more on the goals in the closest proximity. All four stages of development are expected to be complete by Q4 2021 while aiming for 100,000 app installations, 10,000 active users, and 50,000 liters of daily fuel transactions within the same timeframe.

Q5 from Telegram user @victorogb 

Looking at the information on the roadmap, a core aspect of Petro’s platform development are scheduled for stage 1, which involves the unboarding and integration of partner companies (oil, gas and electricity) as well as traders in these sectors, to the Petro.Pay B2B platform. Therefore, how does Petro choose the companies and retailers to partner with, what are the underlining criteria? When should we expect the Petro.Pay product to be fully developed and functional, and what are the estimated timeframes to the full development of other Petro’s products?

Robert Martin: We select our partners based on set of criteria: relevancy, notoriety, and them having genuine interest in Petro. Currently we already successfully concluded the first investment leg and secured 500k$ of funding. As was mentioned earlier we expect to accomplish our goals by the end of Q4 of THIS year. Since we have been developing Petro platform for some time now, we are not going to bore you guys with unnecessary drag of waiting for months before the MVP is functionable.

D. | Satoshi Club: do you already have some partnerships with other projects or firms, which you can talk of and share with us?

Robert Martin: You’ll have to wait for the Sales to start. We will be slowly releasing our partners and investors. That’s a marketing choice.

Q6 from Telegram user @kimterbear

Petro Swap introduced an application where users especially those who own vehicles that consume gas for daily transportation will be able to buy gas in advance where the market prices for fuel is low. However, price hike and roll backs are regularly experienced in gas stations nowadays. It made me think if these irregular market movements cause an effect to this application? Wouldn’t it be unfair for the gas stations if the gas were prepaid in the app or are there selected gas stations who made partnerships with you where this app will be available for use?

Robert Martin: We will include only trusted, reliable, and knowing partners who fully realize the unpredictability and caveats that can happen. Fortunately, commodity market is prone to be less volatile than some of the other market ventures. So even if this kind of even happens, there won’t be any massive repercussions for our platform.

Mary | Satoshi Club: What about your platform security? Do you plan to audit it?

Robert Martin: We fully rely on Ethereum blockchain and its innate security measures. We also will be audited possibly by Hacken.

---

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram user @Kushal85127939

Please share how much money have you raised till now for growth?

Robert Martin: We have already secured an initial 500k$ investment from our private partners and investors.

Q2 from Telegram user @gimogom66

Does your foundation only peoply of your own country or all over the World?

Robert Martin: We are currently hiring people from all parts of the world. No discrimination!

Q3 from Telegram user @shu3638

“STAKING” is one of the STRATEGIES to ATTRACT USERS and HOLD Them long term. Does your GREAT PROJECT have plan about Staking?

Robert Martin: We will have incentivization that will reward users for contributing to Petro liquidity pool.

Q4 from Telegram user @Smaviatalib

Can you share us Tokenomics and how much token is reserved for team and how much will be available for public?

Robert Martin:

Q5 from Telegram user @smelekin

Nice project but electricity prices changes country to country so how do you decide which price will be for electricity?

Robert Martin: We will have oracles that will pull information on the current prices from the database.

Q6 from Telegram user @csgonub

You said currently you have 20 employees so do you plan to hire more people into the project?

Robert Martin: We are! If you feel like you would be a great fit to our team – be sure to message me directly and we can set up an interview!

Q7 from Telegram user @My1queen

You said you rely on Ethereum blockchains for security measures. Why is this choice?

Robert Martin: We see Ethereum as a matured enough blockchain that have all of things we need to bring to life our vision!

Q8 from Telegram user @shi9627

COVID 19 has reduced many economies around the world but as a crypto business has it affected you negatively or positively??? Secondly are you still on track achieve your ambitious targets as the road map says?

Robert Martin: Pandemic has been quite a nuisance. But after a month of working remotely your kind of get used to the whole routine and it doesn’t budge you any way!

Q9 from Telegram user @sheikhhsaab

As i learn #Petro is a Best project for investment in Satoshi Club AMA so tell me how I can invest in #Petro to get $PETRO tokens?

Robert Martin: I recommend waiting for sale and follow our group for announcements. We plan to have Sales start Early June https://t.me/petro_official_group

Q10 from Telegram user @captainprice111

Why should traders trust you and trade oil with you? Also, what infrastructure will companies that want to supply oil with token swap use?

Robert Martin: Our trust will be based on the companies, enterprises, and partners that will support us. On top of that we are veterans of the industry and have already earned integrity.

---

PART 3, QUIZ AND INFO

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

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

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

Our Partners:

Petro I Official Community Group: https://t.me/petro_official_group

PART 1. Introduction of Jax.Network project and community questions.

Hello, Satoshi clubbers and guests of this site. Okey today we talking about A Scalable, Decentralized Stablecoin for DeFi.

Jax.Network is anchored to the BTC blockchain that follows the JaxNet protocol and issues scalable, stable, and decentralized JAX coins.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @Satoshi_club

Andrés M. | Satoshi Club – @AndresM77

The Representative of the project:

Lucas L – @lucasleger – Chief economist @Jax.Network

Vinod Manoharan – @vinodm89

Introduction of Jax.network project.

Mary | Satoshi club:

Hello, Satoshi club! We are happy to announce our ama session with JAX.network! Welcome to Satoshi club😀

Andrés m. | Satoshi club:

Hi there. Another ama session is here, today our guest are @lucasleger and @vinodm89. Welcome to Satoshi club!

Lucas l:

Hi everyone! Happy to be here

Vinod manoharan:

Thanks, guys, for having us here!

Andrés m. | Satoshi club:

Welcome guys, how are you doing?

Mary | Satoshi club:

Hello, guys! Sorry, our bot is a bit crazy today 😂

Vinod manoharan:

All good! Hope everyone here is doing fine too!

Lucas l:

Great, hope you do too

Mary | Satoshi club:

Let’s start our ama 🚀

Andrés m. | Satoshi club:

For sure, excited for this ama, our community is excited as well, more than 18k members online 🥳

Vinod manoharan:

Great! A special hello to everyone who’s online then!

Lucas l:

Let’s start then!

Mary | Satoshi club:

And let’s start with the intro 😄 Please, tell us about yourself and your roles in JAX.network😄

And of course, our members want to know what is JAX.network👏

Vinod manoharan:

I am Vinod Manoharan, I am 32 years old from India based out of Kyiv, Ukraine. I have been an entrepreneur in the network security, on-demand services, online gaming industry over the last 10 years.

I am a co-founder of JAX.network

Mary | Satoshi club:

Hello, my neighbor 😂 привіт

Vinod manoharan:

In a nutshell, JAX.network brings a decentralized scalable stable-coin to DeFi backed by BTC hash rate.

Lucas l:

Sure, I’m the chief economist. I’m french I’m responsible for designing the economic incentives at the protocol level. I heard of bitcoin first time in late 2011 and got interested in the economics behind it. But do not hodl :). Before JAX.network, I was working on a phd on smart contracts and their microeconomic foundations.

Vinod manoharan:

Well, hello @mary, my wife is russian, btw 🙂

Lucas l:

Same here haha

Mary | Satoshi club:

Wow, you were so early! But I am sure you will hodl JAX😉

Lucas l:

No mistakes this time!

Vinod manoharan:

In our network, users will have to hodl “jxn” – our asset coin.

Lucas l:

Yes, we have 2 coins on the network

Mary | Satoshi club:

Ahaha, guys 😂 nice to e-meet you! Say hello to your wifes 👋

Andrés m. | Satoshi club:

Great concept, what features do make it scalable?

Mary | Satoshi club:

Oh, sorry, but now we know ticker!

Vinod manoharan:

So, we scale only cryptocurrency transactions. Smart contract scaling can happen on layer 2. We are able to scale as we enhance the bitcoin protocol with proof-of-work sharding.

Lucas l:

Future ticker yeah, the network is still on closed testnet.

Mary | Satoshi club:

As I know you were developing JAX.network since 2018, right?

Andrés m. | Satoshi club:

Interesting, we have some community questions regarding that😁

Vinod manoharan:

Yes, that’s right.

Lucas l:

Of course, happy to answer, we’re here for that

Vinod manoharan:

Great, happy to answer any questions that the community might have!

Mary | Satoshi club:

And now are you going to the finish line👍

Lucas l:

Yes, we’re very close now, so we want the community to know more about the project.

Mary | Satoshi club:

Let’s start 🚀🚀🚀

Vinod manoharan:

I look at it like we are going to begin competing. I personally estimate our progress to be at 0.5% of what we have to achieve, which is to bring cryptocurrency payments to everyone in the world.

Andrés m. | Satoshi club:

Well let’s proceed then, thanks for the great introduction👏

Mary | Satoshi club:

Sure, we will see much more! Exciting future ahead

Preselected questions about the Jax.network DeFi project.

Andrés m. | Satoshi club:

Q1 from telegram user @cryptofollower

 JAX.network was live last year, but went a little bit silent this year. After that, suddenly we’ve heard that JAX.network announced to anchor to the bitcoin network. Why the project was silent for a while and what is the idea behind to anchor to the bitcoin network? What is behind that decision and what benefits will that bring to the project?

Vinod manoharan:

Ok, designing a decentralized stable coin is pretty challenging due to koomey’s law. We had to push a lot of improvements to our protocol in order for us to be able to achieve what we wanted: to design an ideal stable coin that could be mass-adopted by everyone in the world.

So, we were actively under research and development over the past few years.

Our recent innovation was what we call a “proof of value” / “proof of burn” mechanism where a native digital token can maintain its unique value by using a Coinbase level hack and still get to reuse the security of the bitcoin network.

Due to this cost-of-minimum-security advantage and the liquidity of bitcoin, it became an easy choice for us to anchor to bitcoin. This decision was taken after very careful research.

Tldr:

1) BTC anchoring along with our proof of value mechanism helps us borrow the security of the bitcoin network.

2) we are able to improve the bitcoin network by bringing scalability and stability to this ecosystem and also benefit from the liquidity of bitcoin without having to build liquidity for our coins: JAX / jxn

Mary | Satoshi club:

As you told before you are in close testing phase now, can you tell us some insights how is it going?

Vinod manoharan:

Yea, our blockchain network is running on our internal servers as a testnet. You can expect the public testnet this month!

So, people will be able to interact with our blockchain and check the code later this month.

Andrés m. | Satoshi club:

What are the use cases of each coin?

Mary | Satoshi club:

Everyone will be able to test?

Lucas l:

Miners, developers yes.

Mary | Satoshi club:

Gotcha, thanks 👍

Vinod manoharan:

Jxn / JAXnet => an asset coin which is used:

1) to pay for the security of JAX.network by incentivizing bitcoin miners to merge-mine JAX.network

2) as gas fees for exchange agent listing transactions and other critical transactions

3) to incentivize miners to defend the beacon chain that holds the shard registry

4) to reflect the value of the transactional payments ecosystem of JAX.network

5) to incentivize miners to defend the bitcoin network when the BTC reward drops to 0

JAX => a decentralized stable-coin for the defi ecosystem backed by BTC hash rate.

Lucas l:

To rebound. We wanted to decouple digital assets from transactional coins. For instance, when you hold one eth, it becomes very unclear how to qualify it economically. Therefore, we have 2 coins. For different use.

Vinod manoharan:

Ok, one addition. Yes, we also use JXN for economic reasons, to decouple the economics of coins from the security model incentives. This is the reason why most cryptocurrencies are treated as assets and not as currency.

Mary | Satoshi club:

I like this structure 👏 can’t wait to see how this will work!

Andrés m. | Satoshi club:

Thanks for the clear answer, would you like to add something before the next question?😃

Great clarification.

Q2 from telegram user @meml97

I read that merged mining proof or MMP is the backbone and the key innovation of JAXnet protocol. Can you tell us more about this? What is this merged mining proof that has been implemented on JAXnet and why is it the backbone of it? What makes it so important? Also, you’ve said that is the key innovation, what makes it so innovative comparing it to other mining schemes?

Lucas l:

That one is for @vinodm89 😄

Mary | Satoshi club:

Sure😄

Vinod manoharan:

Ok, so usually scaling by allowing merge-mining kills weak nodes from participating in the network. This is because merged-mining is a way of increasing the block-size.

What we have created with our MMP is a new data structure, more like a Merkle proof of Merkle proofs which helps us equitably split the reward for miners regardless of how many shards they mine.

For example, if the difficulty of the network is d, then let’s say the total JAX coins issued would be d.

Then, if a miner merge-mines 10 shards, then the reward for the miner is split as d/10. If a weak miner mines one shard, then he gets d/1. This way we can allow merge-mining to defend the network without killing weak nodes and hence decentralization.

The MMP helps us figure out how many shards a miner has been mining in a cheap way (in terms of the size of the data structure). More details are available on our technical paper which you can find here: https://arxiv.org/pdf/2005.01865.pdf

Mary | Satoshi club:

Which equipment required to mine?😄

Lucas l:

It’s sha-256 consensus algorithm

Vinod manoharan:

More info:

Imagine a Merkle tree built with multiple leaf nodes.

Each shard is supposed to be entered at a certain leaf node. For example shard 1 on leaf 1 and shard 2 on leaf 2 and so on.

If a miner doesn’t mine shard 1 and 2, we can analyze the merged mining proof and figure out how many shards he has mined without sharing the entire Merkle proof paths, hence considerably reducing the size of the Merkle proof.

Lucas l:

Any bitcoin asic should be able to merge-mine our network

Andrés m. | Satoshi club:

What benefits pow sharding brings you that other protocols don’t?

Mary | Satoshi club:

Awesome! As I know that mining in early stages of projects always profitable😉

Lucas l:

Indeed

Vinod manoharan:

1) proof of stake sharding has data availability problems which a lot of protocols try to solve. We believe there’s no safe solution for this problem. Hence, we avoid it with math.

2) long range attacks are always a concern for pos networks.

3) it’s not possible to create a decentralized stable-coin using pos without employing pow mining. There’s a project called “themelio” which tries to do that.

4) even if a magical solution exists for addressing the data availability problem, proof of stake sharding will kill decentralization as there will be too much data to verify. At this stage, you would be better off using Amazon AWS.

Lucas l:

There’s also an economic problem to solve. With pos, it is more efficient to reach a consensus when the block reward is low (Saleh, 2020). But on our shard, our block reward is proportional to the aggregated hash rate. This conflict made us choose pow over pos

Mary | Satoshi club:

It makes sense 👍

Andrés m. | Satoshi club:

I agree with you guys, you did a great choice.

So, I think the question is covered, let’s proceed with the next one 🥳

Lucas l:

Yes

Andrés m. | Satoshi club:

Q3 from telegram user @antoni_azx 

As I understand, JAX.network is entering the market with a stablecoin proposal, how do you plan to approach the issue of the adoption of your products in countries that suffer from hyperinflation every day? Is JAX.network a solution to the lack of decentralized payment methods in this type of population?

Vinod manoharan:

Yes, exactly! We hope one day we will be the main currency for countries that suffer from hyperinflation. Thus, helping them progress faster!

Mary | Satoshi club:

How will your stablecoin be more attractive than others already on the market?

Lucas l:

We are targeting the remittance market first in order to increase liquidity on the exchanges for our transactional coins. We argue that the markup is lower than current stablecoins, therefore cheaper for people who need to send money abroad.

Vinod manoharan:

USDT/ USDC /BUSD => a centralized smart-contract operated by some financial institutions. A crash would crash all of defi and people would lose a lot of money.

A crash could come from mismanagement, governments freezing bank accounts/collateral.

Our solution is fully decentralized, hence doesn’t suffer any regulatory / compliance risk and due to this fact, the mark-up rates will be much lesser compared to that of USDT.

As a second step, we would work with providing a decentralized money API to defi DAPPs. In other words, you can go to bed peacefully holding 10,000,000,000 JAX than 10,000,000,000 USDT

Lucas l:

Yes, our coin is not pegged to fiat or uses collateral. We use intrinsic data and a market-driven approach to ensure stability

Vinod manoharan:

Or even 100,000 for that matter.

Mary | Satoshi club:

Yes, I won’t argue with you about decentralization 👍

Vinod manoharan:

Haha, thanks 😂

Mary | Satoshi club:

That’s a dream!

Andrés m. | Satoshi club:

Currently, where we can buy jxn and JAXnet token?

Vinod manoharan:

Won’t be soon!

Lucas l:

We’re not listed yet, as we’re still on testnet

Andrés m. | Satoshi club:

Any approximated date to official launch? 😃

Vinod manoharan:

We will get it listed soon. Right now, we are finalizing our testnet. So, by q3 2021, you should find them listed.

Mary | Satoshi club:

We are waiting for q3😉

Vinod manoharan:

Q3 2021. We are trying to push it ahead. Everything is in place! Just need to test everything and get the protocol audited. There shouldn’t be any big issues.

Andrés m. | Satoshi club:

So excited about it.😁

Mary | Satoshi club:

Btw, will you have any sales, etc?

Vinod manoharan:

Yes, we have some private sales going on now. Soon, we will have a public sale.

Mary | Satoshi club:

When do you plan it? Any terms?

Lucas l:

If you’re a BTC miner then you’re welcome to participate in our private sale now. Our goal is to attract BTC miners to engage in partnerships and build synergies.

Andrés m. | Satoshi club:

Thanks for share it. Time to go with the next question, would you like to add something?

Vinod manoharan:

All good!

Andrés m. | Satoshi club:

Q4 from telegram user @nataliyakil 

JAX. Network had the honor to co-organize the 9th blockchain conference in Kyiv, Ukraine, that took place on May 19, 2021. What was the purpose of this conference, what presentation did your team give? I know that Ukraine has been under strict quarantine for a long time with periodic lockdowns. In this regard, how was blockchainua organized, how did it go, and how was JAX.network accepted at the conference? Did you acquire something new for the further development of the project thanks to this event? Can you tell us about any other significant events for JAX.network?

Lucas l:

Let’s move forward

Vinod manoharan:

The conference went well. Ukraine is where our r&d team is based out. We have long-term plans for this market. We work with the primary event organizer in Ukraine. When our network goes live, we plan to organize more hackathons and issue grants and investments to developers who would want to build on top our blockchain.

We do events right now with the goal to get the word out and to inform people about our protocol and make partnerships with investors/miners.

After our main network goes live, we will then organize events to develop the ecosystem by issuing grants to developers and teams to build on top of our blockchain platform.

Andrés m. | Satoshi club:

Do you have some photos of the conference to share with us?

Lucas l:

Article at Medium

Mary | Satoshi club:

Do you plan to visit more blockchain conferences in the nearest future? As I know we will have a big one soon

Andrés m. | Satoshi club:

Amazing, that’s we need to increase the adoption.👏

Lucas l:

I’m going to Miami along with some members of the team. Happy to catch up there. Especially if you are a BTC miner, we believe we can bring value to you. Please dm me after this ama.

Lucas l:

Aha

Andrés m. | Satoshi club:

See you there I hope😁

Mary | Satoshi club:

Oh, we are waiting for photos and reports from you😂 Thank you for your answers! Ready to proceed?

Vinod manoharan:

Haha, not sure if you are being sarcastic, but you can check the photos on our JAX.network Facebook page. 😂

Vinod manoharan:

Yes, let’s go!!

Mary | Satoshi club:

No, I am not sarcastic! I like everything about your project and want to follow it👍

Andrés m. | Satoshi club:

Q5 from telegram user @asela1112

Your website states that the $JAX coin is a stable coin, and it will better than BTC due to the deflationary of BTC. It means, $JAX coin is like USDT, USDC, DAI. $JAX coins are only consumption purposes for the transactions and JAXnet are the assets that users should hold to commercially benefit. What are the benefits that the JAX network users receive by holding $JAXnet? Do you think, $JAX coin will get more attention like BTC throughout the crypto ecosystem? If yes, what are the strategies that JAX network team expect to launch in order to accomplish that goal?

Mary | Satoshi club:

A bit covered before

Lucas l:

Yes. BTC is used for hoarding, and not much as electronic cash, unfortunately. We’re planning to compete with stablecoins on the market. Our competitive edge is that we do not need a peg or use collateral to maintain value. Our shard coins are strictly printed on demand. For that, you need to send your BTC and JAXnet (our asset coin) to an invalid address, while you keep your tx fees. Therefore, you have an opportunity cost to mine JAX. Since miners are profit motivated, they have now an alternative to print different coins based on demand across the network. Also, our reward function allows us to peg the value of the coin to the marginal cost of the BTC hash rate.

Andrés m. | Satoshi club:

Could you tell us about the tokenomics of JAX and JAXnext, has been max supply established?

Vinod manoharan:

We believe that our solution is the only way to create a decentralized stable coin and that our cryptocurrency will be more famous than USDT.

Mary | Satoshi club:

I will need to send BTC and JAXnet or one of these assets? Can you explain an example? For example, I want to print 10000 JAX

Vinod manoharan:

We will first focus on:

1) remittance market

2) promoting JAX coins as a replacement for USDT in the crypto space.

3) bringing JAX coins to mass adoption by building a visa/MasterCard like service for end consumers.

 

It’s more of a statistical burn. You don’t send money anywhere. For example, when you mine BTC cash, you actually give up your BTC reward. In other words, you send your BTC to an invalid address (in theory ). So, in order to print JAX coins, you have to give up your BTC reward + jxn reward.

If you would like to print 10,000 JAX coins, then the network difficulty should be worth $10,000 and you will have to give up your BTC + jxn reward and the protocol will then issue you 10,000 JAX coins.

Lucas l:

No, there’s no max supply. JAXnet block reward is 20 coins per block (every 10 minutes on average) after 5 years. So it’s a bit more than 1 million coins per year. Before that we have a higher block reward to compensate our premine (40mil coins). As for JAX, no max supply either since it’s a purely transactional coin and supply is based on demand only, so we removed the inflation risks here.

Mary | Satoshi club:

Thank you for the clear explanation!

Andrés m. | Satoshi club:

Smart strategy!😃

Mary | Satoshi club:

Guys, are you ready for the 6th and last question from this part?

Vinod manoharan:

Yes!

Andrés m. | Satoshi club:

Q6 from telegram user @aqillaa

Can you share some more insights on #JAX.net as to the long-term plans of the project keeping in mind the stakeholder’s interest & adoption in the real world without compromising on regulatory front?

Vinod manoharan:

Good question! It’s definitely going to be a legal challenge to bring JAX coins to adoption.

But ultimately, we think people will love decentralized stablecoins and governments will have to work with the different liquidity-providing entities to maybe move to a transactional-tax scheme.

Mary | Satoshi club:

Yes, those who are in crypto for a long time prefer decentralization 😄

Vinod manoharan:

The long-term plan is to get JAX coins to be used as the universal standard for quantification of economic value. Also, for the philosophers out there (like me), JAX coins could actually help catapult humanity to being a type-2 civilization.

Lucas l:

True. And yet we still use centralized stable coins.

Mary | Satoshi club:

Ahaha😂 every day

But with JAX it will change soon👍

Vinod manoharan:

How come it helps us become type-2? Because ultimately, everyone wants to print money. Due to our reward function, this is possible only for people who are able to innovate in energy efficiency and computing technology innovators.

Hopefully, by the end of this year, we will start eating into the market share of USDT.

Andrés m. | Satoshi club:

Type 2? 🤔

Mary | Satoshi club:

And it’s perfect 🤩

Vinod manoharan:

Type 2 on the Kardashev scale! My apologies for being a bit philosophical!

Vinod manoharan:

https://en.wikipedia.org/wiki/kardashev_scale

Lucas l:

Yeah, let’s move to live questions!

Mary | Satoshi club:

Sure 👍

Andrés m. | Satoshi club:

Oh great, haha, happy to learn something new today, that’s what our group aims. For sure, thank you so much for your time and clear questions.

Mary | Satoshi club:

Let’s go 🚀

PART 2.Questions about the Jax.network 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 Jax.network 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 @highpee

POS is known to be very EFFICIENT as well as convenient as parties are able to reach a consensus with ease. However, you said your protocol will use Proof-Of-Work Sharding. How is this different from Proof-Of-Work and why do you prefer to use this?

Vinod Manoharan :

Yes, as mentioned earlier in the chat, there are few reasons we chose PoW over PoS. It is true that parties will reach consensus efficiently on PoS as long as the block reward is low, so stalkers are not diluted, and the number of nodes is rather low. This is at odds with our reward function on shards, which is proportional to the hash rate. This function is key as it maintains all shards equal. A PoS consensus would break down the incentives.

Q – 2 from a telegram user @Denybela

Can you explain why Jax network mining is so different from bitcoin mining and the like? How are miners on the Jax Network incentivized? 

Lucas L:

The mining algorithm is actually not different than BTC, you can merge-mine our network without losing anything. You still use SHA-256.

Q – 3 from a telegram user @Anjan336

Is $JXN is really Same as $USDT? I read this on Your Telegram group?

Lucas L:

No, we use the BTC hash rate cost to stabilize the value. Coins are printed on demand. So, we don’t use fiat as a peg as it is only useful for the people using this fiat on a daily basis. Personally, I don’t use USD at all. What we argue, however, is that our coin is cheaper to exchange than USDT.

Q – 4 from a telegram user @Jonahapagu

Jax network intends to achieve A Scalable, Decentralized and Secure Blockchain by anchoring to Bitcoins’ blockchain. The project that comes to mind which has a similar aim of bringing scalability to Bitcoin is Blockstacks, which at the moment is more popular than Jax Network. So how is Jax Network different from Blockstacks, do you see Blockstacks as a competitor in terms of what both of your projects intend to leverage on Bitcoin’s blockchain for, and how do you intend to remain a key player among projects who intend to achieve scalability by anchoring to Bitcoin blockchain?

Lucas L:

Hello! Good question. As far as I know, Blockstack is a smart contract platform. We don’t do that. We bring scalability for electronic payments. The core concept is to compete with stablecoins, which are centralized or heavily collateralized. So, that’s how we differ from Blockstack in the first place. Actually, this project would benefit from the stable value of our coin, bringing DeFi to the BTC ecosystem.

Q – 5 from a telegram user @Ashia_24

How can you see your project 5 years from now? What will you do to achieve that vision?

Vinod Manoharan:

In 5 years from now, we hope that we will be the standard stable-coin for DeFi and the crypto currency space.

I envision that people will use JAX as collateral for scaling smart-contracts on Layer 2 and we will have decentralised communities operating on top of their own philosophy / laws over the internet.

1) We are building our stable-coin, bringing awareness to people about the advantages of a decentralized stable coin.
2) We will promote Layer-2 smart contracts which can promote organizational systems and other dApps on top of our blockchain.
3) We have to grow the community and give away grants to many talented members to bring our coins and protocol to mass adoption.

Hopefully, JXN price would be worth as much as 1/3 of BTC price itself as ultimately we improve the shortcomings of the BTC network.

Q – 6 from a telegram user @captainprice111

Our vision is to organize the universe based on merit and value.”It’s great that you care about this for your project. Could you tell us about your security protocol? Trust is very important in the crypto world today, how can you get traders to trust you more?

Vinod Manoharan:

You could get a technical/economical due diligence done on our protocol and you will see for yourself that the protocol is as decentralized as Bitcoin. You don’t need to trust us, check it for yourself.

Q – 7 from a telegram user @Pratze

After checking and learn about Jax Network in your site, I found interesting statement. You said only 2 ways to get income or profit from Jax Network. The first is with becoming a miner and the second is with becoming one of ‘transfer agents’. So actually what is this transfer agent mean? How do the system and mechanism work to get income? And what must I do to become a transfer agent?

Lucas L:

Our shards are independent of each other. In order to proceed with cross-shard transfers, you need an intermediary. This is the role of the transfer agent. Anyone who has enough liquidity on a shard can enjoy transaction fees by exchanging this liquidity with other shards plus a transaction fee. At a later stage, anyone with liquidity will be able to stake it on our layer 2 solution and get some interest. But that is for later as we’re busy building the network.

Q – 8 from a telegram user @Smaviatalib

Where do you and the team see the world of blockchain being in years to come and how will change the landscape of the no cryptocurrency space in years to come?

Vinod Manoharan:

Blockchain has it’s application in removing corruption, reducing governance costs and also establishing money precisely.

I personally envision a world with:

1) Decentralized communities
2) Transaction based taxes
3) Homeland security governed by the state
4) Bordless migration
5) Humanity being in a quest towards efficient energy consumption technology

And this is the ultimate purpose of blockchain technology. Humans couldn’t do this earlier because we were lacking this technology and we simply tried to create central bank currencies to address this issue. Now, with Satoshi’s innovation, we are able to improve upon our organizational systems including money and governance.

Q – 9 from a telegram user @xperia3

Can you tell about the decentralization of the Jax Network? Many projects mislead investors by introducing themselves as decentralized but afterward it appeared they were quite centralized. Does Jax Network really decentralize? Will Jax Network stay decentralized?

Vinod Manoharan:

Jax.Network blockchain is as decentralized as Bitcoin. Maybe slightly lesser as we employ sharding. I understand your concern about the claims of other projects, we are not one of them. You are welcome to do your research.

Q -10 from a telegram user @meml97

  I read that one of the benefits that Jax.Network offers to it’s users is that you have a stablecoin that it’s not exposed to the centralization risks that USDT, BUSD, and many other existing stablecoins currently have. Can you tell us more about this your stablecoin? How is it possible for it to not suffer from the speculation and other problems stablecoins deals with at this moment? What makes it different? Also, what advantages does this bring to users xx?

Vinod Manoharan:

Our decentralized stable-coin is based on the hash rate of the network which is a decentralized metric. Other stable coins use a centralized oracle / manual intervention in the case of USDT. This centralization is risky for DeFi.

ADDITIONAL QUESTIONS

 

Q -11 from a telegram user @Ajpaa

What are the unique features and development in your ecosystem to achieve mass adoption? How soon should we be expecting this adoption? Are there any difficulties you are facing in achieving these goals?

Lucas L:

Our unique feature is to provide a decentralized stablecoin that scales. Adoption comes obviously from users. How do you entice them to use our coin? First, transaction fees will remain low as we scale. Second, we argue that our market markup is lower than other stablecoins, making it cheaper to transact with and send cross-border transactions. yes, the biggest difficulties were the designing of the stablecoin and make sure that shards can be created on-demand. It’s a grind and a lot of research.

Q -12 from a telegram user @Shaa93

You said: “One is the scalability problem, the second is people don’t use cryptocurrency on a large scale so there’s the mass adoption problem, and the third thing is insecurity.” How does JaxNet plan to promote?

Vinod Manoharan:

That’s a long-term marketing and market-making game. DM me and I will share our business strategy.

Q -13 from a telegram user @VenomOct

What are the advantages for users with $JAX tokens? can they make decisions in society? Do you have plans for NFT Farming, IDO, or other rewards like Staking, as well as mobile apps?

Vinod Manoharan:

They can earn more JAX by staking JAX for cross-shard transactions.

Q -14 from a telegram user @Smaviatalib

What are you major goals to achieve in the next 3-4 years? And What are your plans to expand and gain more adoption?

Vinod Manoharan:

1) Eat into USDT market share and surpass USDT.
2) Promote dApps to use JAX as their native stablecoin.
3) Bring JAX to use for day to day payments instead of USDT in your Visa/MasterCard
4) Promote decentralized governance applications so people can build their own communities and govern themselves while the state takes care of physical security.

Q -15 from a telegram user @lusiana_lambreth

How can we support your project? and what feedback would you give to the community?

Lucas L:

In a lot of ways! You can participate in our future bounties, review or code on GitLab, engage your community around you, participate in our public sale, which will be announced in our telegram chat, and ultimately, start using our coins😀

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Jax.network 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: Jax.network

Telegram group  | Academic paper|  Tweeter  |  Website  |  Facebook

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

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

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

Part 3: 300$ – A quiz about SouthPark Finance

For more details:
SouthPark Finance Website – southpark.finance
SouthPark Finance Telegram – @southparkfin
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on June 5th 2021 at 01:00 PM UTC Time: Satoshi Club x IDoge

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

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

Part 3: 800$ – A quiz about IDoge

For more details:
IDoge Website – idoge.co
IDoge Telegram – @idogeofficial
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 Kashiba Inu and our guest was one of the team members @kashibadev!    The AMA took place on 3 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 community! We are pleased to announce AMA with Kashiba Inu🐕.

D. | Satoshi Club: today our special guest – @kashibadev !   👏

hello and welcome!

Admin (will never DM first): Hey all 🙂 lovely to be here

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

D. | Satoshi Club: nice to have you in our club! 😊 how is it going?

Admin (will never DM first): It’s going great we are just currently in development of our KASHIBARANK coin market ranking and voting website which we are hoping to launch in the upcoming weeks

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

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

D. | Satoshi Club: nice! interesting things you guys doing 😉

Gold Rocket | Satoshi Club: I think you have a lot of work today💪

Admin (will never DM first): So I am like the manager and I manage everything in Kashiba, we have a lovely developer who doesn’t speak English but is developing our KASHIBARANK & also we have our marketing admin

We surely do 😊

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

D. | Satoshi Club: Kashiba INU is a meme project or something bigger than that?

Admin (will never DM first): The essence of Kashiba is to create a coin market ranking and voting platform similar to CMC & CoinSniper but both integrated al in one, our website goes in to detail of our project

D. | Satoshi Club: so team of two?

Admin (will never DM first): It is something bigger than just a MEME coin, it may have the face of a MEME but it is a whole new concept

Team of 3, but looking to expand also

Gold Rocket | Satoshi Club: The idea is not new, nevertheless it is a very promising direction.👍

Admin (will never DM first): It’s not new but we have a different twist to it and a new concept 🙂

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

D. | Satoshi Club: got it! hope your team will be growing gradually 👌

Gold Rocket | Satoshi Club: It is very important!

D. | Satoshi Club: we have questions about the future of project in the first part of AMA 😉😁

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

@kashibadev😊

Admin (will never DM first):  It will take up to one month to launch KASHIBARANK in its phase 1, how ever our developer will continue to work on getting KASHIBARANK completed with an all-in-one voting system for holders of coins to be able to vote on their favourite coins

There is a lot to expect from Kashiba, although we are relatively new we have a project plan which is all outlined on our website in detail

Gold Rocket | Satoshi Club: Indeed. then let’s leave it for dessert😁

Admin (will never DM first): Yes sure let’s go 🙂

Gold Rocket | Satoshi Club: By the way, can you share links to your web resources please?

Admin (will never DM first): Yes of course, http://kashiba.finance

Everything is explained on our website, KASHIBARANK hasn’t got a face yet as we are still developing it however as soon as we are in phase 1 it will be released on our website

D. | Satoshi Club: nice! thank you for the intro! 😊 let’s open the first part ! 🚀

Gold Rocket | Satoshi Club: Thanks for sharing 😊

Q1 from Telegram user @nadee5

Crypto industry evolves at a rapid pace. New crypto assets are being introduced day by day. so to identify the performance of such assets with good categorization or ranking is really important.Kashiba aims to list crypto assets data that is accurate, fast, and equitable aith KASHIBARANK. What are the major metrics used in KASHIBARANK for the listing of crypto currencies? What are the new features introduced by KASHIBARANK than the similar prevailing projects like coinmarketcap ? How can user involve this ranking system by voting?

Admin (will never DM first): KASHIBARANK is not just a coin ranking and voting platform, but something different we will feature new as well as old coins on our platform and our special features will include all our coins to be rug checked, to have an actual project outline so that our users are able to get in on genuine projects, not like the other voting sites where absolutely all new coins are listed

D. | Satoshi Club: will you be take any types of fees from projects for listing on KASHIBARANK?

Admin (will never DM first): A user is able to simply go to KASHIBARANK chose a coin they hold and vote for it, and at the same time see other coins they might be interested in with strong fundamentals

Yes, we will charge a fee for only our promoted section

D. | Satoshi Club: so voting will be absolutely free? not exclusively only for Kashiba token holders?

Admin (will never DM first): Voting will be free for anyone, however Kashiba holders will have perks which are still being developed

D. | Satoshi Club: gotcha, interesting 😉

and when do you plan fully launch KASHIBARANK? when project will be able to apply for listing?

Admin (will never DM first): Hopefully in the upcoming weeks, once we have launched KASHIBARANK then we will apply for listings

D. | Satoshi Club: 👍 thank you for answers!

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

Admin (will never DM first): Yes sure

Q2 from Telegram user @cryptofollower

Recently your telegram group was removed and after that you created a new group. So what happened there? Did you get any response from telegram? Will you continue with the new group? How do you deal with marketing of Kashiba Inu? Also what are your plans and marketing roadmap to build a powerful community?

Admin (will never DM first): Yes our first Telegram was unfortunately banned so we created a new one, we are in talks with Telegram recovery team to get this back however for now we will continue to build our brand on our main Telegram. Our marketing manager is dealing with marketing and currently isn’t here to present his views, however we will keep the continue updated in our group.  Our plan is to build a strong community is to first get our brand Kashiba known and we do have plans for marketing which we will disclose in our channel very soon

D. | Satoshi Club: i see you have plans to open your own youtube channel as well, what kind of content we will see there?

Gold Rocket | Satoshi Club: @kashibadev I wanted to join the group, but your bot banned me too 😭 btw

Admin (will never DM first): Yes we do have plans for our own YouTube channel which we will have weekly videos on about our KASHIBARANK in the near future

Gold Rocket | Satoshi Club: Do not forget to share your plans with Satoshi Clubbers please😉

Admin (will never DM first): Sorry about that please join again and we will let you in 🙂

We certainly will do in due time

Gold Rocket | Satoshi Club: http://kashiba.finance

Is this correct?

Admin (will never DM first): Yes that’s correct 🙂

D. | Satoshi Club: i think we ready proceed to the next question? @GoldRocket27 😉

Admin (will never DM first): Yes sure

Gold Rocket | Satoshi Club: For sure🚀

Q3 from Telegram user @h1drX

On your website you say that Kashiba is a decentralized and transparent multipurpose token created for mass adoption and that promises to have many potentials based on its growing daily market capitalization. Apart from promoting KashibaRank, what are those potentials that it promises to have? What are all the purposes of Kashiba token?

Admin (will never DM first): Kashiba is token is a multi-purpose token for its holders, as they will benefit simply for holding it and get rewarded 3% on each transaction wherever bought or sold, as for the the users of Kashiba it will be a payment gateway which will be used to pay for promoted ads on KASHIBARANK, so if you want to list your coin on KASHIBARANK you must purchase Kashiba and pay in that which makes us different as no one is currently doing this

Gold Rocket | Satoshi Club: Share with us please Kashiba Inu  tokenomics btw

Admin (will never DM first): Our initial total supply was 1,000,000,000,000 however 500,000,000,000 was burned immediately on launch, the total tax per transaction is 10% from which, 5% is sent to the automatic LP which has been locked for 1 year with DXsale, 3% redistributed to its holders and 2% set to the marketing wallet

Gold Rocket | Satoshi Club: Thanks for sharing. Where can we buy tokens?

D. | Satoshi Club : did you create this token model or took from some other project? because as i can see lots of projects using similar model, with commissions from transaction etc

Admin (will never DM first): If you visit our website you can buy tokens directly by clicking the ‘buy kashiba’ button

Yes there are many other coins using a similar model,  and there always will be however we are probably the first to use this model for a coin market ranking and voting platform, we have this tax which keeps our community running and also at the same time benefit it’s holders and help to market Kashiba

D. | Satoshi Club: got it! thanks!

ready for the next question?

Admin (will never DM first): Yes sure

Q4 from Telegram user @Jonahapagu

Some of the solutions that Kashiba INU intends to provide includes easy cryptocurrency payments integration and a digital arbitration system. so what kinds of payment integration are you planning to implement, payment for what purposes and on what platforms, how will your digital arbitration system work and what will be its features and how can users use your Digital arbitration system to make profits.

Admin (will never DM first): We will first simply have a payment integration system only for our KASHIBARANK platform, where coin owners will have to purchase Kashiba to pay for their promoted listings, however in due time and as we will expand our team we will improve our payment system and it will have more features in the near future but on launch it will merely be for KASHIBARANK

Q5 from Telegram user @Brainchest

As an investor, I decided to check the info. On the website – bschek |dot| eu I found two addresses of developers

0x55112c769F4723319b7dfD76D99454c55D7Fbc4F

and

0x07d80AE6f36A5E08Dca74cE884A24D39dB9934ed

Could you please tell me if this is an error? If not, why two addresses? And why is less than 50% sent to the burning address, namely 498,000,000,000,000, but 515,445,329,145.74210987 KASHIBA is in circulation

Admin (will never DM first): That is probably an error there is only one address for the developer wallet and yes that is correct just under 50% was accidentally sent and we did not know only until one of the team members discovered this error, however the funds are still in the developer wallet and will go towards advertising when needed. As for the circulation, that is due to just under 50% of the tokens being burned

D. | Satoshi Club: thanks for clarification

Gold Rocket | Satoshi Club: Tell us please a little about auditing?

Admin (will never DM first): Auditing was completed and verified by Techrate and can also be accessible through our website there is a direct link to the the Audit

Gold Rocket | Satoshi Club: Our members are a little worried about this.

Please comment to dispel their doubts.

Admin (will never DM first): That audit was completed just before we renounced the owner, you can check our contract address an also bsc scan eu to check that we have definitely renounced the owner

Gold Rocket | Satoshi Club: thank you for not being afraid of sharp questions!

I hope everyone is satisfied with your answers! Let’s proceed to the next question🚀

Admin (will never DM first): Your very welcome

D. | Satoshi Club: the last question from part 1 😊

Q6 from Telegram user @lzamg

Currently we can buy the KASHIBA token on PancakeSwap, but on your website says that you are developing your own exchange and swap platform. Can you give us more details about it? Will this platform be a DEX similar to PancakeSwap? Will the users be able to trade the tokens listed on KASHIBARANK on this exchange? And since it’s not in roadmap, can we know when will it be ready?

Admin (will never DM first): Yes this is another future development goal for us and although it’s not currently in development as soon as it is we will update our members, it will be very similar to PancakeSwap allot exactly the same which will make it easer for Kashiba holders to trade Kashiba

Gold Rocket | Satoshi Club: Thanks for the answer!

And now get ready for the most exciting part of our AMA! Live questions!

Admin (will never DM first):  Let’s go 🙂

Part 2 — live questions from the Telegram community

Q1 from telegram username @Umer22

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

Admin (will never DM first): Users will chose to buy and hold Kashiba for different reasons, either for an investment purpose, or they believe in our project vision or simply because they intend to use our KASHIBARANK platform and it will be a means of payment for them. The benefits for holders holding Kashiba for the longer term will be promising, as KASHIBARANK is what will be our future and what will make Kashiba so special, once KASHIBARANK is launched and it becomes a well known coin market ranking and voting platform, holders will benefit from early investment as well as holding the token rewards benefit of 3% per transaction

Q2 from telegram username @Karoceh

Will Kashiba Inu support an option for price alerts/notifications for every token listed on the Kashiba Inu? some platforms charge for this, will Kashiba Inu also apply a subscription fee?

Admin (will never DM first): Initially on launch no, however we will always be looking for ways to make KASHIBARANK the best coin market ranking and voting platform so we will integrate new features as we go along

Q3 from telegram username @messilolz

Hello

@kashibadev

Can you please provide me contract address and Where can I buy Kashiba right now  ?

Admin (will never DM first): Hey, contract address of Kashiba is 0x0FC0B3027F40Aa8e5E92Dc7c7C883E4aAD09fDCE

And it can be bought on PancakeSwap through this link

https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0fc0b3027f40aa8e5e92dc7c7c883e4aad09fdce

Q4 from telegram username @alptrader

Could you please explain why people would need Kashiba and KASHIBARANK?

Admin (will never DM first): So you can put it like thisKashiba is the brand and KASHIBARANK is the product, in order to promote KASHIBARANK we must build a name for Kashiba our brand and also Kashiba will be used as apache by gateaway for KASHIBARANK so this is why we have the two

Q5 from telegram username @Umer22

🚀NFT ecosystem is huge and there is fierce competition in the DeFi+NFT space Which NFT project do you see as your competitors? And how do you plan to compete with them?

Admin (will never DM first): We won’t have any direct competitors as KASHIBARANK is a twist of CMC and Coinsniper 🙂 integrated in to one platform, so we will market as a coin market ranking and voting platform to make users clear of this

Q6 from telegram username @messilolz

Who can do vote on your platform of KASHIBARANK? Is it for Kashiba holders only?

Admin (will never DM first): Any one can vote on KASHIBARANK however Kashiba holders will have perks and will be able to cast more votes for example, will have the benefit of knowing about upcoming promoted coins and as we go along more perks will come

Q7 from telegram username @Smaviatalib

“STAKING” is one of the STRATEGIES to ATTRACT USERS and HOLD Them long term.

Does your GREAT PROJECT have plan about Staking?

Admin (will never DM first): Staking is a great way to benefit the holders, we are currently only concentrating on KASHIBARANK and getting it properly developed and launched, once we have completed this, in the near future we will think about introducing staking too

Q8 from telegram username @Umer22

I want to have a LONG TERM INVESTMENT, with this PROJECT. But I’m in doubts right now. How can you convince and assure, me this project is SAFE, and PROFITABLE?

Admin (will never DM first): If you are in doubts you should definitely have a read through our website in detail, we have explained in great detail what we are planning and although all coins have bugs and issues we do to but we aim to resolve these as soon as we come across these, if any doubt about anything in specific please join our lovely community group and we will answer any questions

Q9 from telegram username @Smaviatalib

What are the list plans of your token? What will you do in the future so that your token can list other exchanges and moreover dramatically increase transaction volume?

Admin (will never DM first): We are currently working on building our brand identity and then increase our marketing at the same time we are expanding our team. Our plans to list on CMC and CG are in the process and we once these have been completed we will look to be listed on other exchanges

Q10  from telegram username @Smaviatalib

🔷️🔷️What is your most ambitious goal of your project? We would appreciate it if you could share with us any Upcoming Updates….

Admin (will never DM first): The most ambitious goal is to have a powerful yet sophisticated coin market ranking and voting platform that has coins listed that are rug free, have a clear project visual and are investable so that our holders benefit by investing in only genuine projects

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/inukashiba      

Twitter: https://twitter.com/InuKashiba

PART 1. Introduction of Futurov project and community questions.

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

Futurov is a community-owned multi-media entertainment platform and end-to-end NFT hub bringing live TV, shows, and financial education.

The plan of AMA session:

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

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:

Malik – @malikjant – Lead – Advisor MD of Agenz LTD

Mike Hales – Ops Director

Indi Jay Cammish – @INDI_FTV

Introduction of Futurov project.

Mary | Satoshi club:

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

D| Satoshi club:

Today our guests – @indi_FTV  and  @malikjant ! 🚀 Good to have you here guys! 😊

Mary | Satoshi club:

Welcome here 😀

Malik:

Thanks guys!

D| Satoshi club:

How are doing today? 😊

Malik:

Excited to be here I must say

Here’s an overview for your community –

📺 futurov ($FTV) 🎬 trailer

Blockchain’s first entertainment aggregator and producer of the original motion pictures. #hodl & #watch2earn multiple tokens!

💎 highlights 💎

🔶 fully functional ott streaming app live on the google play store

🔶 theta and youtube integration already allowing users to earn TFUEL & our upcoming inflationary fuel token

🔶 deflationary with auto liquidity and reflection frictionless yield (4.2%)

👥team 👥

🔶 malik jan (LinkedIn) – lead advisor MD of agenz ltd an FCA regulated UK registered agency who have worked with a number of the world’s largest companies leading the project

🔶 Indi jay cammish: (Tweeter) – head of comms – celebrity dancer and socialite starring in a lead role on itv’s masked dancer, one of the biggest shows in the UK airing right now.

🔶 mike hales (Instagram) – ops director – founder of rapzuk.com, a leading MMA brand and baMMA star / upcoming UFC hopeful leading our sporting operations

🔶 freezyex (GitHub) – blockchain developer with 7 years in the industry and finishing a computer science master’s.

🔗links🔗

💲buy /chart  (do not use poocoin someone added liquidity and messed out chart up)

🌐 site 

📺 app 

🐦 Tweet 

💬 Group () / News 

📄 litepaper

👁‍🗨 Github

Mary | Satoshi club:

Big community, I must say👍

Malik:

We launched a big airdrop campaign but don’t worry, this is being voted on now with potential burns for all ghosts/bots that don’t engage in activities.

However yes still huuuuge! And strong too 💪🏼

Mary | Satoshi club:

Wow, awesome!  But let’s start from the intro!

D| Satoshi club:

This is cool! Will you share info about this event? 😉

Malik:

Absolutely! Already have too 👀

Mary | Satoshi club:

Sure, our members want to know what FTV is and what is the main idea behind it😀

Malik:

We’re an entertainment aggregator and producer of original content looking to bring all of the wonders of crypto into one place and combine them with a legacy world experience suitable for our mass retail base. We’ve already integrated theta, YouTube, and other open-source api’s while working on VRA amongst others on our live beta app.futurov.tv

Our main focus as a project is to bring the power of motion picture production back into the people’s hands as highlighted in a recent Tik-Tok by Pablo Helman

Mary | Satoshi club:

How long were you developing FTV?

Malik:

Since January info there is

Hands-on. But the idea has been underwriting for some time

Mary | Satoshi club:

Btw, who is Pablo? Shame on me, but I am not so familiar with Tik Tok😀

D| Satoshi club:

Me as well 👀

Malik:

A big Tik Tok star and actor we sponsored became an investor and long-term partner due to him having numerous ideas rejected by executives and us having the working app and platform to compete with the likes of Netflix. Linked here.

Mary | Satoshi club:

I will definitely check more about him! 👍 thank you for educating us

Malik:

Pleasure 🙂

Mary | Satoshi club:

So, malik! Thank you for your intro! Are you ready to tell us more details about FTV while answering questions from our community?

Malik:

Always!

Preselected questions about the Futurov DeFi project.

D| Satoshi club:

Thank you for the intro! Let’s open the first part of our ama! 🥳

Q1 from telegram user @highpee

2 days ago, there was an announcement on your twitter that someone has added a tiny liquidity to your pool in pancakeswap which sent your market cap to ‘valhalla’ and that users should stay away from interacting with your contract in pancakeswap. How will this affect FTV trading and for how long should users stay away from interacting with FTV on pancakeswap? When will you officially provide liquidity on pancakeswap and how long will it be locked? In addition, you said you are live on julswap. Considering the flash loan suffered by julswap recently, is it safe to create liquidity pools on it presently when they are already hastening the launch of julswap v2 to correct some issues identified in this present version?

Malik:

This has already been resolved and trading is live on pancake swap! Sorry for the fud

Malik:

We locked in over 300 BNB verifiable on team swap as well. The only issue is the chart on poocoin. Please avoid it and use https://dex.guru/token/0xfd2ceaf2a104b2817d8d3252801c52af6b8dae77-BSC which is slightly more appealing.

0xfd2ceaf2a104b2817d8d3252801c52af6b8dae77  contract address

Mary | Satoshi club:

Julswap isn’t available, right?

Malik:

Correct – we migrated to pancake swap – please refer to @futurov_news

Mary | Satoshi club:

Do you plan to list on more exchanges?

Malik:

Indeed, we’ve got some big announcements coming this week.

Mary | Satoshi club:

Wow, we will keep our eyes on your announcement channels 😀 Thank you for your answers! Do you want to add something, or we can proceed?

Malik:

Sure, i’d advise scrolling to the top and reading through. It’s been a long journey and the community even voted deploy onto BSC.

Happy to proceed 😊

D| Satoshi club:

Let’s do this! Thank you for answer! 👏

Q2 from telegram user @ajpaa

Netflix, amazon prime, aioz and bolt global are all in one way or the other similar to futurov in tv, media, streaming or decentralized service. Although some of them are either not decentralised or are limited by censor. How is futurov able to integrate decentralised media, television and streaming service into blockchains while remaining censorship resistant? What are the unique features that differentiate you from these other similar projects? Are you in partnership with any of them?

Malik:

First of all, thank you for mentioning us in such high regard. It’s an honor and as mentioned, we aim to be an aggregator of all the world’s content and aim to partner with all the names mentioned above.

Even aioz’s plans mention allowing retail facing ott apps like ours onto their cdn to lower our costs and grow their network. With regards to fully decentralised and fully censorship resistant unlike others, we think we are just that.

D| Satoshi club:

Can you share with us information about your current partnerships with any companies?

Malik:

As we’ve only launched our app a month ago, we’re still very early however there is an announcement set to go out today with a well-known blockchain that’s going to offer us an innovative cross-chain staking / launchpad platform as well as talks with v/ar projects underway.

D| Satoshi club:

Ok, got it 😉

Mary | Satoshi club:

Wow, that’s a nice hint😉

Malik:

We are also attempting to sponsor the crypto fight night in Dubai and hopefully ppv the event.

Mary | Satoshi club:

This will be fantastic 🚀

D| Satoshi club:

Huge events coming 👍

Malik:

That’s our business guys so expect more those kind of partnerships with big events and actors who want to join the FTV movement.

Mary | Satoshi club:

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

Malik:

Especially given our ops directors experience in MMA as an upcoming UFC hopeful whose shared trainers with Connor McGregor and our head of comms who’s starring on itv’s biggest show every night this week as the lead with the “masked dancer”. Sure

D| Satoshi club:

Q3 from telegram user @victorogb

FTV being a community governed project, will consider allowing anyone add or upload contents, thereby making it an open source hub for all contents in the future. Also, the contents duly voted for by the community, would be added without any form of censorship and restrictions. These decisions even as decentralised and far reaching as they may seem, might open FTV to lots of litigations and future setbacks especially on censorship and the ease of content availability. How will FTV properly mitigate these looming challenges while also making it’s service open sourced and completely decentralised?

Malik:

This is something token holders will get to decide in phase 2 of our app, set for full blockchain deployment this quarter. We are fully aware of the risks and benefits of all avenues and will maintain utmost transparency with our community at all times.

Mary | Satoshi club:

How many minimum tokens user need to hold for voting?

Malik:

Any amount, staked. No barriers but those with more FTV hold more votes.

Mary | Satoshi club:

So, more tokens – more votes, right?

Malik:

Indeed 🙂

D| Satoshi club:

So whales will be decided? 😉

Malik:

There will be limits, ensuring upmost fairness balanced with incentives interest which will be clearer upon launch. This will also be decided by our community initially during our daily town hall’s and telegram votes.

Mary | Satoshi club:

Do you have daily town halls?😀

Malik:

Indeed. Daily AMA’s and meetings with the team. Live in chat. You can join us today @futurov_

Mary | Satoshi club:

Wow, that’s a perfect connection with users👍

Malik:

It’s what we like too.

Mary | Satoshi club:

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

Malik:

Fire away!

Indi jay cammish:

Our next voice call is scheduled in 1 hour 38 minutes 📞 👏🏽 Usually hosted by @indi_FTV too

D| Satoshi club:

Q4 from telegram user @jonahapagu

On your roadmap for q3, you intend to launch games and an education station, which will be a place where users can earn crypto for learning about finance, politics and crypto projects while also playing games. This plan also include a farming simulator village game which is currently under development by your team.. So how will users be able to earn while learning using this proposed model of games and education station, what kinds of games will they be playing, will their learning progress be tracked to ensure the effectiveness of the education station, and how will this farming simulator village game included in this plan work.

Mary | Satoshi club:

Wow, Satoshiclubbers! Join👏

Indi jay cammish:

We love to speak together as a community, talking about the latest updates happening and answering any questions. 🚀

Malik:

Indeed. Entertainment and education should intertwine nicely. Gamified learning is the future. We have the platform built and being improved on by our team of young devs found at futurov.com/litepaper.

Mary | Satoshi club:

Do you have guides on how to use your platform? For the beginners?

D| Satoshi club:

Will you be aggregate game streaming platforms as well? Platforms like twitch, Dlive, etc?

Malik:

In a similar manner to how bat or TFUEL is earnt. Also, on FTV, you can use Brave browser to load up theta via the FTV app and earn 3 tokens in one…

This will be a big campaign of ours in phase 2 as we push the adoption of crypto across high streets, shopping centers, and stations across the world. We’re working on all of those, yes. We want everything in one place. It’s all so messy.

Mary | Satoshi club:

Do we need to pass KYC in some cases on the platform?

Malik:

No. No signup or KYC needed.

Mary | Satoshi club:

That’s good, we like this😀

Mary | Satoshi club:

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

Malik:

In 20-50 years, it will be all we know.

Mary | Satoshi club:

Ahaha 👍👍👍

Malik:

Indeed!

D| Satoshi club:

Q5 from telegram user @arisabela

Your ott app is live, and I read it will have integrations with youtube, theta, and LBRY, can you tell us how you will integrate the blockchain’s many advantages and your native token $FTV with the app and these streaming channels that will be added soon?

Malik:

I’ve got quite fat fingers guys and I type in multiple languages so auto-correct is always off – forgive the errors/edits 😅

D| Satoshi club:

Haha no problem 😄

Mary | Satoshi club:

Np😀

Malik:

Indeed, that is what we have done already with a number of platforms already and will continue to.

Mary | Satoshi club:

Do you plan to have partnerships with one of these platforms?😉

Malik:

Indi’s always onto me for that 😆

Indi jay cammish:

Always I’m like is this supposed to be spelt like that Malik😉

Malik:

Most of these have open source API ‘s and crypto projects link to them and claim “partnerships” but yes we 100% want to show the likes of theta and VRA what we can do for them on the battleground of adoption by taking the initiative now. The rest will be history. Not sure if any of you use theta but we now have 2k+ active users and many have never heard of theta (shock I know!!) But we promote to retail mostly.

Changing now our tokens out… I’m just a passionate typer 😅

Mary | Satoshi club:

I know both theta and library 😀 But, to be honest, only like a trader🤣

Malik:

Awesome apps

Mary | Satoshi club:

I should try … First I will try FTV👍

Malik:

What I was saying hereby if any of you use theta – was if you watched their viewer counts have jumped since we launched… We ❤️ theta and hope they ❤️ us back soon.

Mary | Satoshi club:

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

Indi jay cammish:

Absolutely

D| Satoshi club:

Q6 from telegram user @asela1112

I peep into FTV website. Then I saw a news that say about the upcoming NFT marketplace. So will this NFT market be opened for any of NFTS in the crypto world? Does FTV have an idea of creating NFTS of their own? If yes when will it release to the FTV platform? Please give us brief explanation about this upcoming event.

Mary | Satoshi club:

Really? Nft?🤓

Indi jay cammish:

Thank you @asela1112 great question. Sure, well all token holders firstly receive NFT airdrops.

Nft’s will range from iconic items to life-like limited edition collectibles users can showcase in VR or ar in their homes, bedrooms, or parks.

We are also working on a.i that allows you to interact with these NFTS as if they were real and responsive. Almost black mirror esque

All our original productions will be minted as nft’s too.

Malik:

When INDI NFT’s?

Indi jay cammish:

The marketplace and showcase arena will also be in phase 2 of our app and we are in touch with a/vr projects in the scene now to try and accelerate this. ⚡️

Mary | Satoshi club:

When do you plan to start airdrops? I don’t want to be late for this event 🤣

Malik:

Airdrop campaign finished 🙁

Mary | Satoshi club:

Ohhh, Mary always late🤣

D| Satoshi club:

Your NFTS will be just a collectible, or they will have any utility function on platform?

Malik:

Ha-ha but I’d just scare you if you opened your closet and saw me. Never malik NFTS haha

Superstar model dancer and crypto enthusiast Indi though 10000% crazy A/VR NFTS very soon

Mary | Satoshi club:

Never say never🤣

Indi jay cammish:

Thank you for some great questions 🙏🏼

Malik:

Both 🙂 NFT’s will also grant real-world experiences, rights, and more

D| Satoshi club:

Perfect 👌

Malik:

It’s been awesome. Thanks, guys.

Mary | Satoshi club:

So, let’s start the live part?

Indi jay cammish:

Yes 🙌

Mary | Satoshi club:

Let’s go 🚀

PART 2.Questions about the Futurov 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 Futurov 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 @Sumione

How much is the total supply and can I do staking or not? Please share tokenomics for it?

Malik:

Staking launching soon, refer to futurov.com/litepaper

Q – 2 from a telegram user @Lub3584

STAKING” is one of the STRATEGIES to ATTRACT USERS and HOLD Them long term. Does your GREAT PROJECT have a plan for Staking? 

Malik:

Yes, an SCO being announced soon!

Q – 3 from a telegram user @Ajpaa

Futurov has 8Billion as a capped supply with a deflationary 4.20% fee on every transaction, After reaching 1Billion supply goal, burning will stop and the rewards will increase. Why did you decide to stop the burning and deflationary policy at 1Billion. Will all the percentage that is supposed to be burned channeled to rewards?

Malik:

As we need tokens for governance.

Q – 4 from a telegram user @Arisabela

FTV aims to build a first of its kind approach of grants exclusive on the Futrurov app that according to your website hopes to rival the Netflix and Amazon creations, that’s a big vision! what characteristics will the FTV productions have that distinguish it as a competitor for these two big companies? And from where will come the funds to achieve it?

Malik:

Through allowing users full control and flipping the script by paying watchers to use the app, not the other way around. Also, by producing quality and exclusive originals, we will help push the FTV brand into every home. We have time for more! don’t worry! lets do 20. Any more can be answered live in town hall!

Q – 5 from a telegram user @shanekwong

What are your plans to navigate licensing restrictions especially those imposed by large media companies (Sony etc) to circumvent distribution rights?

Malik:

As an aggregator, we are not at liability – refer to futurov.com faq’s

Q – 6 from a telegram user @Robotliker1

How to be sure your project is legit and there is no chance of rug pull in the future?

Malik:

Cert.Incorp

I run an FCA regulated and UK registered agency, agenz ltd (agenz.uk) so expect to see me behind bars if so. Not to mention all liquidity is locked on team.finance

Q – 7 from a telegram user @MCBTrade

On your website, you mention that you will improve Financial education. Could you explain a little more about this, what is your goal and how will you do it?

Malik:

Brilliant question. We want to highlight and showcase influencers and educators who provide financial education on our platform while also partnering with innovative digital schools we are in talks with.

Q – 8 from a telegram user @iGervacio

Where does the name of your project come from and what plans do you have for the future?

Indi Jay Cammish:

futurov – the future of TV / F TV 😉

Q – 9 from a telegram user @K2ice

How can we join the next voice call which is scheduled in 1 hour 38 minutes?

Malik:

In our group – @futurov and click join chat when the timer is up (update telegram if no timer visible)

Q -10 from a telegram user @Xusuo

I check on your telegram that you announced about all the liquidity from FTV was moved from JULSWAP into Pancake swap and you also give a warning not to trade at JULSWAP, may I know what is the reason behind this action? Why do you want to move into Pancakeswap?

Indi Jay Cammish:

The community voted for it 🗳 Extra bonus question in there for you 😍

Part 3 – Quiz about project

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

Telegram group  | GitHub |  Tweeter  |  Website  |  Litepaper

We are pleased to announce our next AMA on June 5th 2021 at 03:00 PM UTC Time: Satoshi Club x Tinville

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

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

Part 3: 300$ – A quiz about Tinville

For more details:
Tinville Website – tinville.finance
Tinville Telegram – @The_Industry_Network_Official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on June 4th 2021 at 11:00 AM UTC Time: Satoshi Club x NFT Stars

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

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

Part 3: 300$ – A quiz about NFT Stars

For more details:
NFT Stars Website – nftstars.app
NFT Stars Telegram – @NFT_STARS
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on June 9th 2021 at 03:00 PM UTC Time: Satoshi Club x Realm

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

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

Part 3: 300$ – A quiz about Realm

For more details:
Realm Website – realm.art
Realm Telegram – @Enter_Realm
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on June 7th 2021 at 01:00 PM UTC Time: Satoshi Club x Marsis

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

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

Part 3: 300$ – A quiz about Marsis

For more details:
Marsis Website – marsis.io
Marsis Telegram – @MarsisNFT
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish