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 Bezoge and our guest was @BezogeDev, @Esybank, and @CryptoRob27 – representatives of Bezoge. The AMA took place on 30th of May.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Gold Rocket | Satoshi Club: Hello, dear Satoshi Club community!
Andrés M. | Satoshi Club:
Hi dear community, we are glad to introduce you our friends from Bezoge project:
@BezogeDev
@Esybank
@CryptoRob27
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club @BezogeDev @Esybank @CryptoRob27
Bezoge Dev $BEZOGE – Will never DM first: Thanks for having us guys! 🚀
Robert Gates (Will Never DM you first): Hello Group, I’m Robert Gates. The Director of Content and Creativity. I’m so happy to be part of this AMA and meeting your amazing and intelligent community
Gold Rocket | Satoshi Club: We are also very excited about the upcoming AMA.❤️
Doglord (will never dm you): Glad to be here. Super.
Andrés M. | Satoshi Club: Is an honor for us to have great personalities with us😃
Gold Rocket | Satoshi Club: You hit me on the spot with your creativity 😁❤️
I want to know as much as possible about everything🚀
Bezoge Dev $BEZOGE – Will never DM first: Zaha, thanks. We like to think we’re pretty creative.
Robert Gates (Will Never DM you first): @GoldRocket27 Thank you for the kind words
I want out holders to be entertained and enjoy being part of the Bezogian community
our*
Gold Rocket | Satoshi Club: Let’s start with a little intro😉
What is the essence of Bezoge
What brought such creative and cool guys together?
Andrés M. | Satoshi Club: Great aim, community is the pillar of the projects.
Bezoge Dev $BEZOGE – Will never DM first: $Bezoge brings purpose and value to meme coins and their community of holders. After seeing amazing meme coin communities being built by branding and shilling but having no real development, we set out to disrupt the $100B meme coin industry by bringing utility and creating an ecosystem for Bezoge by using gaming , NFT’s ,marketplaces and much more.
Robert Gates (Will Never DM you first): We have not only been great friends but also have been diverse in our knowledge and skills. We got together by working on many projects together and decided to use the combined skillset of the 3 founders to create Bezoge
@BezogeDev Brings us a team of 30 gaming and APP developers
@Esybank Early adapter of blockchain and has his own team of coders and developers
and myself, I’m just a humble Bezogian that envisions what the Bezoge kingdom would look like. A society of equality and purely decentralized
Gold Rocket | Satoshi Club: Btw… What was your crypto story before Bezoge? Did you buy pizza with Bitcoin? Or come a little later? 😁
Bezoge Dev $BEZOGE – Will never DM first: I’ll go first
So I got into crypto about 10 years ago arbitraging between Chinese and Russian exchanges. Back when BTC was about $100 a piece.
Gold Rocket | Satoshi Club: Oh my God🙈Tell me you kept it today😁
Bezoge Dev $BEZOGE – Will never DM first: At that time, there was a 50% difference in price on BTC between Chinese exchanges and e-btc, the Russian exchange. But Litecoin was the same price. So I traded between the two exchanges making 50% per hour for a few weeks.
But sadly I sold it for less than $1000 per BTC haha
Robert Gates (Will Never DM you first): Luckily , i did not buy pizza with my bitcoin or else I would hide in shame for the rest of my life. I started with mining bitcoin late 2015 and participated in the ICO of ethereum and became an early part of the Ethereum foundation efforts
Bezoge Dev $BEZOGE – Will never DM first: But it’s a good story to tell.
Andrés M. | Satoshi Club: So, what’s the meaning of Bezoge? How did you choose the name of the project?
Gold Rocket | Satoshi Club: To be honest, your background amazes me👍
Doglord (will never dm you): jeff Bezos+ doge=Bezoge
Andrés M. | Satoshi Club: Smart idea 😁
Bezoge Dev $BEZOGE – Will never DM first: @CryptoRob27 will give more detail, he’s the creative writer behind the story
Gold Rocket | Satoshi Club: You are their fans as I understand it 😁
Robert Gates (Will Never DM you first): $Bezoge theme is based on the entertainment of letting the community know that our vision for a community-owned coin is purely decentralized. With DOGE, 46% of the supply now belongs to only 13 wallets. We wanted to fulfill the true vision of this by launching $Bezoge. A fairly distributed community-owned coin.
Andrés M. | Satoshi Club: For sure😁💪
Interesting concept, you put your community first, that encourage it👏
Gold Rocket | Satoshi Club: Well … It’s a great meeting and intro Bezoge for me, guys…. Do you want to add something else? Or can we proceed to questions from the community?
Doglord (will never dm you): If you visit our community @bezoge, you will usually find the core team online on voice chat hearing and addressing our fellow Bezogians concerns
Robert Gates (Will Never DM you first): Bezoge has an entire team of developers and entrepreneurs backing it instead of other coins which are just one developer that is marketed and supported by the community. Having such a strong foundation, we can constantly evolve to meet the needs of the trending meme coin market. Our biggest advantage is the structure of growth we have established with all the holders since launch.
Andrés M. | Satoshi Club: Well, now I’m even more excited for this AMA session. Thanks for the intro, let’s learn more about the project with our community questions
Bezoge Dev $BEZOGE – Will never DM first: Let’s get into it!
Robert Gates (Will Never DM you first): Yes. please proceed. I’m so proud to be part of Bezoge , i could keep talking all-day 😂😂
Q1 from Telegram User @NataliyaKil In your Telegram community, I noticed a message about upcoming updates: “Upcoming Bezoge updates: Satoshi Club AMA and partnership, then the Mayweather vs Paul fight (June 6), then game development updates, CEX listing, InRussWeTrustCrypto will promote Bezoge on CNN & Fox News in upcoming weeks soon “. Many of these updates have yet to be announced. Could you share this information with us? Especially interesting about the Mayweather vs Paul fight (June 6). Is this a fight taking place in Miami? Does your community love boxing since you’ve included it in the update list? Does this sport have any meaning for Bezoge?
Gold Rocket | Satoshi Club: We will listen to you with pleasure. Feel free 😊
Bezoge Dev $BEZOGE – Will never DM first: @CryptoRob27 will get this one
Robert Gates (Will Never DM you first): Intrestingly enough, and due to our fair and distributed launch. @inrusswetrust who is part of the Shiba Army took great interst in our project. Since he is attending the fight himself, he has decided to do the promotion and informed us accordingly. We have no association or sponsorship linked to the event. But we definitely enjoy the publicity that we will get from it. Bezogians love all sports and activites
We can move to the next question
Andrés M. | Satoshi Club: For sure, thanks for the clear answer😃
Q2 from Telegram User @yellowchamp Out of 100,000,000,000,000,000 $BEZOGE were created,50 percent were burnt forever. So,what is the reason of producing a lot number of tokens and burn the 50% supply of it? Does burning of 50% of $BEZOGE tokens supply helps increase the value of $BEZOGE tokens in the market? Can you tell us the opportunity and good result that burning of 50% of $BEZOGE tokens brings to investors and community of Bezoge? Does the burning of 50% tokens just happens once or it is in schedule? If you burn half of the supply of $BEZOGE tokens,do you wish to add more tokens to burn again in the coming months? Thank you!
Bezoge Dev $BEZOGE – Will never DM first: Let me get that one.
If you read the story of Bezoge on bezoge.com, you’ll see that half of the earth was scorched by the explosion of Jeff Bezoge’s rocket. The 50% of the supply was burned in memory of those that passed away in the explosion.
We have no plans to add any burn over the coming months. However, with every transaction of Bezoge, we have a 2% fee. This fee is split into two parts, 1% burn and 1% redistribution to all holders.
Robert Gates (Will Never DM you first): It is also in context of showing by leadership example how deflationary code can be deployed to increase value for holders
Bezoge Dev $BEZOGE – Will never DM first: So actually we are constantly burning tokens on a daily basis with every transaction and also redistributing to holders. This is what make Bezoge a deflationary token.
Gold Rocket | Satoshi Club: By the way, please share your tokenomics with our community?
Robert Gates (Will Never DM you first): Sure. let me explain
Bezoge Dev $BEZOGE – Will never DM first: Sure, @CryptoRob27 is the tokenomic guru. I’ll let him get that.
Andrés M. | Satoshi Club: Currently, where can we buy Bezoge token?
Robert Gates (Will Never DM you first): $Bezoge smart contract is unique in many ways. $Bezoge was deployed with a fair launch to ensure fair distribution. Upon launch, the initial buy in limit was set to 0.03 ETH so no big buyers (whales) could come in. 50% of the liquidity was burnt. 3% was placed in the treasury wallet and 3% was sent to developer wallet (which is locked). The remaining 44% now belongs to almost 5000 holders. $Bezoge is also deflationary in code. This means that every time $Bezoge is transacted, it has a burn of 1% and it also has a distribution of 1% back to every wallet holder. Basically, if you hold $Bezoge, you keep receiving more $Bezoge just by holding it. This part of the tokenomics was created for the community as well. Encouragement to become long term holders.
sorry, 11,200 Holders now. We have seen immense growth these days
Gold Rocket | Satoshi Club: This is a very generous concern for the community. 👍
Andrés M. | Satoshi Club: Great feature, so it means that you prevent a 51% attack?
Doglord (will never dm you): Our token is only available ERC20 network. At present, it can be only purchased on Uniswap.
However, We are in talks with a few centralized exchanges for listing bezoge.
Robert Gates (Will Never DM you first): We are an ERC-20 based token. So we are deployed on the Ethereum blockchain.
Bezoge Dev $BEZOGE – Will never DM first: You can join the @bezoge group to keep up to date on future listings and news too.
Gold Rocket | Satoshi Club: Thank you very much for your answers! Ready for the next question?
Bezoge Dev $BEZOGE – Will never DM first: Let’s go 🚀
Robert Gates (Will Never DM you first): Yes, Maam !
Andrés M. | Satoshi Club: Any sneak peek about that coming listings?😁
Q3 from Telegram User @Jonahapagu On your website I noticed that currently users can buy $BEZOGE on the Bezoge Exchange page, it was also stated that users can swap any ERC-20 token powered by uniswap using Bezoge exchange. But on accessing the page i noticed that i landed on Uniswap, i was expecting to see a different exchange belonging to and created by Bezoge, so what plans do you have in building your own exchange instead of having another exchange in the background and why call it Bezoge Exchange if it still leads users to Uniswap, and apart from this platform what other places can Bezoge be tradeable
Doglord (will never dm you): Our success has had a lot of exchanges approach us. However, we cannot disclose which ones at this point.
We plan to inform our community only upon confirmation. 😉
Gold Rocket | Satoshi Club: Don’t forget to share with Satoshi Clubbers🙏
Andrés M. | Satoshi Club: We understand, thank you, don’t forget to share new announcements with us😃
Robert Gates (Will Never DM you first):
I will let @BezogeDev get this one
Bezoge Dev $BEZOGE – Will never DM first: So the Bezoge Exchange is in fact just an embedded version of Uniswap. We added this page to give people who are new to crypto a simple way to buy the Bezoge token.
Doglord (will never dm you): Surely!!
Bezoge Dev $BEZOGE – Will never DM first: For those new to crypto, Uniswap, metamask and all these crypto applications can be really confusing. Bezoge Exchange just give those new to crypto a way to ensure they buy the right token without having to type any complicated wallet addresses and helps them avoid mistakes/scams.
This was also never in our roadmap, we just developed it quickly because we had a lot of people asking for help in our group so we helped solve this problem for them on the fly.
Gold Rocket | Satoshi Club: Thank you very much for your answers and clarifications!
Bezoge Dev $BEZOGE – Will never DM first: You’re welcome. These are great questions! The community has done their research 😉
Gold Rocket | Satoshi Club: Do you want to add something or we can proceed to the next question?🚀
Bezoge Dev $BEZOGE – Will never DM first: Happy to move on
Q4 from Telegram User @surendra040 Most of the Meme coins has no real usecase and utilities in the real ecosystem but BEZOGE being a meme coin is planning for an open world game with unique, characters, skins and items in game in NFT form. So why you choose to be a meme coin unless with all real usecase in ecosystem or will BEZOGE still become a meme coin after proper usecase and real Ecosystem?
Robert Gates (Will Never DM you first): $Bezoge NFT’s will be issued in its own ecosystem and tradeable with $Bezoge. Most NFT’s are standalone but we will have trading of NFT’s in our multiplayer online game as scheduled in our road map. Needless to say, there are many other use cases under development including merchandising and advertising. We are also the first community owned coin that will collect revenues to our community run treasury wallet therefore growing the value of $Bezoge internally as we will buy more Bezoge from the open market to add to the treasury wallet
@BezogeDev @Esybank can add a bit more.
Bezoge Dev $BEZOGE – Will never DM first: We saw an opportunity to build a community super fast via a meme coin. The advantage of meme coin projects is their speed and virality.
Robert Gates (Will Never DM you first): We also choose to be a meme coin because we wanted to be a community-owned token and not a developer-run project.
Andrés M. | Satoshi Club: Btw, could you share your roadmap? What’s the major event coming for Bezoge?
Bezoge Dev $BEZOGE – Will never DM first: In order to build a real open world multiplayer game, it requires hundreds of thousands of players to be a viable product in the gaming industry.
We believe the only way we could make this possible in a reasonable period of time was through a meme coin.
Robert Gates (Will Never DM you first): To recap our first 15 days after launch, we have been able to get listed on Coingecko and Coinmarketcap and trended to number 1, hit $50M in 24 hours volume, audited our contract, established multiple marketing channels, created merchandise (t-shirts and hats) and also launched our own music video titled ‘ Pumped Up Coin ‘. Our community loves how strong we are in development and deployment. Our immediate plans for this week are to release an APP and a simple game for both iOS and Android users in our community. There is also some surprises which we will reveal along the way!
Andrés M. | Satoshi Club: Great idea, I think you change the way as people see the meme coins.
Gold Rocket | Satoshi Club: It is obvious that you have found your crypto niche. and that’s half the battle! good idea first of all!
Thanks for sharing!
Robert Gates (Will Never DM you first): Thank You. Yes , we are setting the new standard of the meme coin industry. We plan to take the largest market share of this $100B+ segment
Andrés M. | Satoshi Club: Exciting and big marketing campaign👏
Robert Gates (Will Never DM you first): You are welcome 🙂
Gold Rocket | Satoshi Club: Thanks for your answers! Let’s proceed to the next question🚀
Andrés M. | Satoshi Club: Congratulations for your effort and thanks for the answers😃
Robert Gates (Will Never DM you first): Just getting started 😉
Andrés M. | Satoshi Club: I think we will need another AMA session soon with you 🥳
Q5 from Telegram User @andrey_seleznov Hi BEZOGE! Your team has a great sense of humor! Loved that Cardano drop in your motto! “Think of Bezoge as a fair universal currency for the people. It is not a meme currency like Doge, Shiba, or Cardano.” You are saying that Bezoge evolution begins with undoing the damage done by scammers, schemers, and bad actors. Please share more details about this. What plans do you have to undo the damage done by scammers, does it mean you will try to help people who have been scammed by other rugpull projects?
Robert Gates (Will Never DM you first): All credit goes to our CMO @BezogeCMO
Yes. We plan to undo the damage caused by scammers and allowing meme coin investors the explosive growth they expect by giving it to them in $Bezoge. Our early holders and even new comers will turn all their losses into profits. Our charts are already proving that.
Andrés M. | Satoshi Club: So, talking in long term, what will be the benefits for holders?
Robert Gates (Will Never DM you first): Bezoge has an entire team of developers and entrepreneurs backing it instead of other coins which are just one developer that is marketed and supported by the community. Having such a strong foundation, we can constantly evolve to meet the needs of the trending meme coin market. Our biggest advantage is the structure of growth we have established with all the holders since launch.
Gold Rocket | Satoshi Club: Please let me do it again 🙈😁
Robert Gates (Will Never DM you first): We have a content and creativity division which uses a great story to build on and a smart play of words to connect with the world. Dynamic entertainment and engagement leads to project growth. And yes, we have great memes as well 🙂 Our volunteer team (called underpaid workers) is now over 35 members and 4 international channels are established within such a short period of time. We launched just a 12 days ago and have reached 11,000 holders. Join our Telegram or connect on social media to feel the unity of Bezogians !
Our main priority is product. Since the contract is locked and was audited recently, security and safety of our holders is ensured. The reason we prioritize product for user growth and also because it is the driver behind bringing growth in partnerships. Collectively, the above all have positive impacts on the demand of the token and its price.
16 days ago*
Gold Rocket | Satoshi Club: By the way, who starred? And who is the soloist by the way? Sorry for offtop😁
Andrés M. | Satoshi Club: So, I realized that your aim is the community, what kind of contest do you plan to have to reward the loyalty of the community? Meme contest, or something like that?😃
Robert Gates (Will Never DM you first): The band is of European decent. Just to be clear, they are not really dogs, they are wearing costumes. The band is called ‘ Bezoge Bros ‘
Gold Rocket | Satoshi Club: They are awesome😁
Bezoge Dev $BEZOGE – Will never DM first: They sure are, and there’s a few more songs coming soon too.
Robert Gates (Will Never DM you first): We had an amazing outcome of our meme contest with more than 200 entries submitted. Yesterday, when we crossed 7500 holders, we also conducted an airdrop of $500 in Bezoge to the lucky 5 holders (each $100). We are community based, so the plan to give back as much as possible is in our DNA.
Bezoge Dev $BEZOGE – Will never DM first: More content always coming on the Bezoge Earth YouTube channel.
Gold Rocket | Satoshi Club: Don’t forget to share with Satoshi Club😉
So let’s proceed with next question?
Bezoge Dev $BEZOGE – Will never DM first: The second music video is actually already live.
Andrés M. | Satoshi Club: We have a lot of creative members that would be happy to participate. Satoshiclubbers let’s join this amazing contest🥳
Bezoge Dev $BEZOGE – Will never DM first: 😉
Robert Gates (Will Never DM you first): If you wanna see the excitement and buzz, join our telegram community of following us on Twitter.
Q6 from Telegram User @Ruttiee Bezoge plans to Launch mobile game on iOS and Android based on the Bezoge Earth meme world. will gamers need to buy Bezoge token to play games? Will gamers/users be rewarded with NFTs or $bezoge for completing rescue missions? Can gamers exchange bezoge NFTs in the game? Will gamers need bezoge token to unlock certain levels or feautures in the game?
Robert Gates (Will Never DM you first): https://t.me/bezoge @BezogeDev will elaborate
Andrés M. | Satoshi Club: Satoshiclubbers don’t forget to join 💪
Bezoge Dev $BEZOGE – Will never DM first: So we launched the Alpha version of our game on Friday evening to the Bezoge community. We will be adding Wallet Connect to the game so when you open the game, you can connect your ERC20 wallet and link it to your username in game.
We will be rewarding players on a weekly, monthly and yearly basis with NFTs, merch and much more for the highest scores.
This is just a simple mini-game, but it already shows the real world use case of our token.
Gold Rocket | Satoshi Club: Definitely! 👍
Bezoge Dev $BEZOGE – Will never DM first: In future we’ll also be adding ads to the games, the revenue from these ads will go directly back into the Bezoge Treasury. By linking your wallet tha has Bezoge, you’ll be able to disable the ads.
Just one simple way we’re giving back to Bezogians in our mini games.
When it comes to our online multiplayer game, we will focus on building a game that uses blockchain but all behind the scenes.
In order for a game to be mainstream, it needs to be adopted by regular people and not just crypto people. This is where we think other crypto based games have gone wrong.
We’ll be building a game that can be played by the masses, with an ERC20 based backend. But the beauty of it is, most people won’t even know they’re playing a blockchain game.
Andrés M. | Satoshi Club: Well, congratulations guys, you have an incredible project, I think you have improved the meme coin concept, a meme coin with amazing use cases. 👏
Bezoge Dev $BEZOGE – Will never DM first: Because as much as we all love crypto, it’s still a niche market that most people find confusing. We want to build a game that can be played by everyone, and so that’s how we think we can really change the crypto gaming industry.
We will make crypto gaming mainstream by going outside the crypto bubble!
Gold Rocket | Satoshi Club: Well, guys! Thank you very much for such a funny and informative first part! Share all important information and useful links before open chat🚀
Andrés M. | Satoshi Club: Mass adoption is the key💪
Bezoge Dev $BEZOGE – Will never DM first: Exactly. If you ask 100 people in the street, maybe only 5% will have metamask. We want to cater for 100% of the market, not just the 5%.
Gold Rocket | Satoshi Club: Great goals 👌
Bezoge Dev $BEZOGE – Will never DM first: We believe so too.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Ashia_24 Is there a strategy for your platform to incorporate an advertising agency to place advertisements in some of your games as a way to supplement your platform’s revenue?
Bezoge Dev $BEZOGE – Will never DM first: Yes, as I mentioned earlier, we’ll be adding advertisements to the mobile game. This income will be added directly back to the Bezoge Treasury.
We’ll show ads to non-Bezogians in our mini games, but Bezoge holders will be able to link their wallet using Wallet Connect to disable ads.
This will benefit holders as we will be buying Bezoge with fiat currency profits which will also be increasing the price of the token.
Q2 from Telegram user @alptrader I want to invest to Bezoge but gas is too high on Ethereum so when do you plan to support BSC network?
Bezoge Dev $BEZOGE – Will never DM first: Gas fees are certainly an issue that we are very aware of. This problem will be solved as soon as we list on a CEX.
We purposely used the ERC20 network as we believe that’s the best choice for high quality tokens. There are a lot of scams and rug pulls on BSC and that’s not something we want to be associated with.
Q3 from Telegram user @messilolz What more can community do in Bezoge despite being meme token ? How it a becomes commuñity owned token?
Doglord (will never dm you): Our community is free to build anything they like around bezoge. We renounced ownership of the contract on the day of launch and burnt the liquidity pool tokens.
Our game revolves around bezoge… Bezoge does not revolve around the game. We are just a part of the community carrying out our owns plans for bezoge.
The community has shown great initiative towards creating new content for Bezoge which includes NFTs, Merch and much more.
Q4 from Telegram user @mobilejii BEZOGE has any AUdit performed or not?it is necessary to check audit for Trust so that project is legit and will not rugged?
Bezoge Dev $BEZOGE – Will never DM first: Yes, our smart contract was audited by Techrate. You can find the audit report here:
Q5 from Telegram user @highpee You said that for every market activity that involves $BEZOGE, holders are entitled to 1% of collected fees. Since you run on Ethereum where gas fees has been experiencing a hike recently, will it be wise to pay gas just to claim 1% of transaction reward? How will this 1% be accessed?
Robert Gates (Will Never DM you first): The distribution is coded in the smart contract itself and the distribution takes place with every transaction. The gas fees is paid for the transaction like standard transfers and only paid once by the buyer or seller. The tax is automatically deducted and burnt/distributed within that.
Q6 from Telegram user @smelekin When are you going to create a staking system for the Bezoge ecosystem to give your investors staking earnings and encourage them to stake and hold their investments?
Robert Gates (Will Never DM you first): When it comes to DeFi, like any other ERC-20 standard token, the establishment of a liquidity pool and yield farming protocol will provide amazing growth to long term holders and we will integrate $Bezoge accordingly once we see the protocol can be deployed to a larger ecosystem.
Q7 from Telegram user @Jonahapagu Bezoge plans to release its own range of merchandise, what kinds of goods or product will your merchandise be made of and how will users be able to purchase them, will you also allow users to list their own merchandise for sale alongside yours…
Robert Gates (Will Never DM you first): Yes. Bezoge is for the community and belongs to the community. We are encouraging many users to create any products of $Bezoge and enjoy the benefits. However, if they wish for us to publicize and bring association, we request them to pay loyalty to our treasury.
Q8 from Telegram user @doithay1617 We all know #Ethereum is facing a lot of problems such as: High gas fees, transaction speed, scalability, … What made #Bezoge still choose to build on the Ethereum platform? And Bezoge plans to Swap $BEZOGE to BSC, Polygon,…?
Robert Gates (Will Never DM you first): We are in talks with some of the biggest layer 2 solution providers to host our network for in-game and marketplace utilization. However, when it comes to buying and selling $Bezoge , scalability issues are temporary and irrelevant as Ethereum transitions to 2.0 . We also participated in the contribution of amazing code towards the EIP1559 proposal slated to be implemented in a month’s time called the ‘London’ upgrade which will significantly reduce gas fees as well
Q9 from Telegram user @Ratash97 When are you going to launch Bezoge mobile game and what is it going to be?
Bezoge Dev $BEZOGE – Will never DM first: If you join our community, you can see the Alpha version of our mobile game already available on Android. (Video attached)
It’s a highly addictive battle between Dogelon and Jeff Bezoge to get to the moon and save DOGE. It will be uploaded to Google Play and the Apple App Store this week and then should be available within around a week from then, depending on review times.
Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Hedgi and our guest was @Alvin_Oscar, @ICWXI, and @CryptoPunk8 – representatives of Hedgi. The AMA took place on 30th of May.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Hedgi!
Welcome to Satoshi Club😀
Alvin Heiko Hedgi
Team:
Thank you very much for having us.
Crypto Autist:
Hello 👋🏻
Crownox:
I’m good think the rest of the team is really excited 🙂
Mary | Satoshi Club:
Hello, guys! Happy to see you here 👍
D. | Satoshi Club: Hello! welcome welcome! good to have you all here !
Mary | Satoshi Club:
Let’s start?🚀
Alvin Heiko Hedgi Team: We ready.
Crownox:
yes please 🙂
D. | Satoshi Club: Awesome! then let’s begin with intro!
Mary | Satoshi Club:
Could you please introduce yourself and tell us more about Hedgi?😃
Alvin Heiko Hedgi Team: My name is Heiko and I am one of the Founders of the Hedgi project. I am out of the IT field with about 20 years of experience. And Community leader of Hedgi.
Mary | Satoshi Club: How did you get involved in crypto?
D. | Satoshi Club: 20 year of experience that’s crazy 👍
Crypto Autist:
Hi, I’m T… been in crypto for a while and excited to be part of the founding
team for HEDGI… bringing Defi and NFTs to benefit animal rescues
Crownox:
I Joined the team early on and got to know the team pretty well
and I started to create some media content for them and later I got asked to
join the team,
now I’m doing most of the design work for them 🙂
D. | Satoshi Club: Nice goals 😊
Mary | Satoshi Club: That’s awesome how crypto connects people 👍
Alvin Heiko Hedgi Team: I started my interest in crypto in 2018 and started full attention in December of last year.
Mary | Satoshi Club:
So, what is Hedgi?😃
Crownox: Yes exactly.
D. | Satoshi Club: Brilliant question! 👀😁
Mary | Satoshi Club: Oh, it were good old times😉
Alvin Heiko Hedgi Team: Hedgi is a project we started at a time where Rugs and Scams where frequent and we wanted to start something honest and also do some good in the world.
Mary | Satoshi Club: Yes, we are also tired of scams and rugs🤦
Crownox: Thats why I joined this team so early on! they showed their faces and are completely transparent about everything that they are doing.
D. | Satoshi Club: Yep, especially bsc suffering from numerous scams and rugs.
Alvin Heiko Hedgi
Team:
We are going to be helping animal shelters and Rescues around the world, with a
charity wallet that we created of 4%.
Mary | Satoshi Club: Very nice goals!
Guys, thank you for your intros!
We collected 6 questions for the first part of our AMA 😀
Ready to answer them?
Alvin Heiko Hedgi
Team:
Definitely 😊
Crownox:
Yes let’s go! 😁
D. | Satoshi Club:
🚀🚀🚀
Q1 from Telegram user @victorogb A great project is built around a formidable, resourceful and open team working tirelessly with the support of the community to bring ideas and goals to fruition. Going through the website, I discovered that there isn’t page or link for a visitor to get acquainted with members of the HEDGI team. Therefore, are the HEDGI team anonymous, why is there no information on them, or at least the core managers? Even as the HEDGI team remains flexible and open, will the decentralized and community governed approach of the HEDGI project, play a critical role in determining who joins the HEDGI team?
Alvin Heiko Hedgi
Team:
We have introduced ourselves on our Telegram group with pinned posts. We are
working on a brand new website which will have this included. Should be out in
the next few days.
Mary | Satoshi Club:
How many team members do you have?
Btw, you can share your post with our group 😀
Crownox: Can i share a little promo video here?
D. | Satoshi Club: Yes, please!
Mary | Satoshi Club: Sure👍
Alvin Heiko Hedgi
Team:
4 main team members and then also 13 Community Mods.
D. | Satoshi Club: That’s a pretty big team already 😊
Crownox:
Mary | Satoshi Club: Big team! How many developers?
Alvin Heiko Hedgi Team: One Dev Alex and 2 hired programmers for creating decentralized applications.
D. | Satoshi Club: Very nice video! so for now @Alvin_Oscar you are the only public figure in the team?
Alvin Heiko Hedgi Team: No, we have our Dev also public and 2 of our Admins.
D. | Satoshi Club: Gotcha! cool! 👍
Mary | Satoshi Club:
Thank you for your answers! Ready to proceed?
Alvin Heiko Hedgi Team: Ready☺️
Q2 from Telegram user @Ruttiee According to your white paper before the presale, 34.5% of the tokens will be sent to a burn wallet and taken out of circulation. and after the presale, 26.7% of the tokens has been sent to a burn wallet and taken out of circulation. Which means a total of 61.2% of $Hedgi token has been burnt and taken out of circulation. Why burn such a large amount of token? with this huge amount of token burn, does Hedgi team still have future plans to burn more of it’s token?
Crownox:
I think that was from the old whitepaper? Heiko?
Alvin Heiko Hedgi Team: Only 26,7% of the tokens have been burned, the whitepaper should be updated already on the website. These statistics are still from our Unicrypt Presale that failed because of V2 problems.
All presale tokens were sold.
Mary | Satoshi Club: So, you had two Presales?
D. | Satoshi Club: This is means sale was successful 😄
Mary | Satoshi Club:
How much you collected?😀
Crownox: A bigger success than we could’ve imagined, we sold out in 9 minutes, we lowered the hard cap to 100 BNB after the failed pre-sale.
Alvin Heiko Hedgi Team: We had to relaunch our presale after the V2 Pancakeswap change within the presale period.
Mary | Satoshi Club: Got it!
Alvin Heiko Hedgi Team: 100BNB HardCap reached.
Mary | Satoshi Club:
Ok, what about future plans? I mean is it possible that more tokens you will be
burned?
Super! Congratulations 🎉
D. | Satoshi Club: Are there were some whales who buy a lot? 😉or you were put some restriction on how many tokens one wallet could buy?
Crownox: No, we’re not planning on burning more for now.
Alvin Heiko Hedgi Team: There were restrictions, but after presale, we had some bigger buy-ins, but no real whale problems, fortunately.
D. | Satoshi Club: Good to hear 👍
Crownox: To gain trust we’re not burning anymore because there are only the marketing, dev,charity wallet to burn.
Alvin Heiko Hedgi Team: We have started looking into Partnerships with some rescues and Shelters, but we keep our community updated as we progress.
Mary | Satoshi Club: Thank you for your answers, guys! Ready to jump to the next question?
Alvin Heiko Hedgi
Team:
👍
Q3 from Telegram user @Jonahapagu In order to eliminate the problematic effects of Impermanent loss which is quite common among Defi projects, HEDGI alongside its Deflationary token features, is implementing an auto-liquidity feature, so how does your auto-liquidity work to eliminate Impermanent loss for liquidity providers, and how efficient will this auto-liquidity feature be in mitigating this common loss that liquidity providers experience.
Alvin Heiko Hedgi
Team:
It is a standard model of sending 5% of every transaction to all token holders
and 5% goes back into Liquidity, which keep rising the liquidity back into the
token.
Hope I understood the question correctly
D. | Satoshi Club: Did you take that model from another project?
Mary | Satoshi Club:
Yes, i think it’s correct
Alvin Heiko Hedgi Team: Yes.
Mary | Satoshi Club: Which one?
D. | Satoshi Club: We took the mode of Safemoon.
Bot deleted 🤣
Alvin Heiko Hedgi
Team:
😂👍
Mary | Satoshi Club: Ahaha, angry bot
And how effectively everything works?
D. | Satoshi Club: Yes, there were probably a lot of shillers of Safemoon, and now this word in the blacklist 😁
Crownox: Makes sense haha.
Alvin Heiko Hedgi Team: Sorry, not sure what you mean?
Mary | Satoshi Club: Are you pleased with this auto-liquidity feature?
Alvin Heiko Hedgi Team: Yes indeed, everything working as intended. Holders get rewarded for Holding on to their tokens.
Mary | Satoshi Club:
Super! Congrats!👏
Thank you for your answers! Ready to go to the next question?
Alvin Heiko Hedgi
Team:
☺️ready
Q4 from Telegram user @Scribble22 I’ve come across many projects who has claimed there will be no rug-pulls but turns out otherwise, my question is, can you give us some good reasons as to why we should believe in this project?
Alvin Heiko Hedgi
Team:
It is impossible to Rug, as dev team only has control of 10% of the tokens.
Mary | Satoshi Club: Mint function?😀
D. | Satoshi Club: 😁😁
Alvin Heiko Hedgi
Team:
Liquidity is locked for 3 years by Dxsales with no minting function.
D. | Satoshi Club: Yes, what about security aspect? did you conduct audit of contract?
Alvin Heiko Hedgi Team: Audit was done by Solidity LLC.
Mary | Satoshi Club: Can you share with us, please 😀
D. | Satoshi Club: And also some of you are public, so it even less chances for rug, if team leaders not anons
Alvin Heiko Hedgi
Team:
We do have control of fees and rewards as this is required to be able to list.
Crownox: Note, this must also be updated to the new contract.
Mary | Satoshi Club: Did you change the contract?
Alvin Heiko Hedgi Team: With the Fail launch, we had to recreate the same contract with the V2 router working.
Mary | Satoshi Club:
Gotcha! We will wait for the updates 👍
Thank you for your answers! Ready to go to the next one?
Alvin Heiko Hedgi
Team:
We have been waiting a week on the Auditor already, so hope this gets sorted
soon.
Ready
Q5 from Telegram user @Dinc3 Lately charity projects are getting quite an attention. Will there also be some charity actions in Hedgi Finance? If yes, which type of charities do you think of adding to Hedgi Finance? How will be the charities chosen in Hedgi Finance?
Crypto Autist:
Yes HEDGI is a community run project…. our goal is to help animals rescues all
over the world, through decentralization not dependent on country borders
We are in the process of vetting organizations and then the community will vote on which to support for each donation
Mary | Satoshi Club:
How and where community will vote?
D. | Satoshi Club: How the charity process working? donations occur automatically with every transaction?
Crownox: Mostly telegram I think also we will mention the voting polls on other social media
Crypto Autist: We have a charity wallet… the community will vote on distributions
Mary | Satoshi Club: Did you already collected some funds to charity wallet?
Alvin Heiko Hedgi
Team:
It is a fixed Charity wallet of 4% not growing
Crypto Autist: 4% of token supply.
D. | Satoshi Club: Understood 👏
Mary | Satoshi Club:
Thank you for your answers!
Ready for the next question?😉
Alvin Heiko Hedgi Team: Sure.
Q6 from Telegram user @Asela1112 Hedgehog platform states in white paper that they will launch of releasing NFT’s to the community. Most of gamification platforms are also released NFT’s to grow up their platform. Have you an idea about launching games in Hedgehog platform. If yes what will be the games? Through what do you distribute these NFT’s among community? Such as airdrops, give aways etc.
Crownox: We are actually planning to create a NFT cardgame with rescue animals, also the NFT’s are to be bought and 25% of that money goes to charity.
Mary | Satoshi Club: Really? That’s nice! Btw, do you have roadmap?
D. | Satoshi Club: This is great idea! when we will see your NFTs?
D. | Satoshi Club: Stage 1 already done! nice work 😉👍
Alvin Heiko Hedgi Team: Planning to start releasing within the next month.
Mary | Satoshi Club:
It will be in stage 4, right?
D. | Satoshi Club: It’s around the corner 🥳
Crownox: We hope to have finished the complete collection by then or at least be near the full release
Mary | Satoshi Club: Also, the most exciting live part of our AMA is around the corner as well😉
Super, we will follow your updates!
Part 2 — live questions from the Telegram community
Q1 from Telegram user @smelekin If the HEDGI project is built on transparency could you please share the audit report of the $Hedgi with us?
Crypto Autist: It’s on website.
Q2 from Telegram user @Karoceh You mentioned that Hedgi will be going to be helping animal shelters and Rescues around the world. Why do you prefer animal charity over other types of charity? Does the Hedgi team consist of animal enthusiasts?
Alvin Heiko Hedgi Team: Most of our Founders are animal lovers and wanted to help animals that are not able to help themselves, but need us humans to look after them.
Q3 from Telegram user @Rod092317 How do you convince the investors to invest in you project? How can they share in the benefits your project may incur in the future.
Crownox: I think that investors could also apply for their own local charities that they are fond of, so in that way, everyone that invests in hedgi has an equal change to support a charity of their choosing.
Q4 from Telegram user @highpee You said the launch of pancakeswap V2 affected your presale and you had to relaunch the presale. Now that presale is over, can we now buy $HEDGI from Pancakeswap? Is your liquidity in Pancakeswap V2 or v1 because for some projects, it is difficult to buy their token since their liquidity is trapped in v1?
Crypto Autist: We launched on PancakeSwap V2 platform. Should have no issues buying.
Q5 from Telegram user @Shaa93 Did Hedgi choose to build on the Binance Smart Chain platform? If true, then why didn’t Hedgi choose to build on other platforms?
Alvin Heiko Hedgi Team: We chose the BSC network because of the much lower transaction fees.
Q6 from Telegram user @sweetdoge How exactly do you plan to distribute 5% of every trade to token holders? How will token holders get these rewards? Is this like elastic supply tokens?
Crypto Autist: This is a function of the smart contract and is automated on every buy/sell transaction.
Q7 from Telegram user @Rayian01 What can we expect in the next 3 months and in 2021 as a whole? Can you share with us your roadmap?
Crypto Autist: Thanks for asking, you can see our full roadmap on the website.
Q8 from Telegram user @nitrogenpower You told us that you started Hedgi project because there were a lot of Rugs and Scams so how I be sure that this is an honest project?
Crownox: Well the team have shown their faces and they even quit their main job to get more involved in this project that’s why to trust them, I joined later, I didn’t know them but I am still convinced they are in it till the end!
Q9 from Telegram user @Jan8358 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 to achieve your ambitious targets as the road map says?????????
Alvin Heiko Hedgi Team: We started our project in the middle of it all, so no real change and we still on course.
Q10 from Telegram user @csgonub What is the experience you had because starting the Hedgi Finance project and as core members do you know each other?
Crownox: I got in early and I started talking to Heiko and other we actually became good friends, also the community is very nice and kind to each other instead of massive spams of shilling etc.
Launched by CEO Jack Du Rose in 2015, the Colony Network is an Ethereum-based protocol for creating and operating Internet Organizations. Colony Network aims to build economic incentives and decision-making mechanisms for platforms whose content or value proposition is created by users without top-down decision-making of any kind.
Via Colony Network, projects have the power to start a DAO, give it structure, incentivize contributors, award reputation, and manage funds, without any coding knowledge required and with the added benefit of powerful on-chain governance features and smart, social decision-making mechanisms to help any organization to get “its stuff ” done, while efficiently avoiding voting where possible.
Colony boasts an open-source and modular design, empowering organizations to be composably, flexibly & easily be run by any organization, by being able to structure individuals teams, circles, or project units in any way they see fit.
Authority and privileges inside the Colony (the organization) can be tailored and distributed to individuals, groups, bots, or smart contracts, in accordance to what makes sense for the Colony’s development and mission, by defining Domains – that is the core parts of the organization (e.g. sales, accounting, marketing, PR, development, etc).
The Colony’s budget (or budgets) can be allocated to each Domain (via a highly customizable set of rules), which can then manage the funds allocated to them in an overseen, transparent yet fully autonomous system – at the same time enhancing coordinated work, by defining incentives and empowering Colonies via the fine-tuning of all the core, individual & collective aspects necessary to guarantee the successful delivery of each Colony’s product and value proposition.
The work of groups and individuals is identified, kept accountable, and valued, thanks to an advanced reputation system (Reputation Mining) that pinpoints who did what work, which skills were used, how much value is generated, and how well it was brought to fruition. Thanks to this “tracking” system, revenues can be shared between the Colony’s users – fairly and proportionally to their share of contribution – in ETH, DAI (initial whitelisted currencies), or any other ERC-20 compatible token.
Disputes inside the colony are proactively dealt with to bring up objections and disagreements, and to resolve them effectively, therefore promoting the Colony’s self-regulation and continuous development.
Colony’s blockchain integration allows for the implementation of external smart contract calls and executions, thanks to plug-and-play governance modules which can be seamlessly integrated with the Ethereum blockchain.
2. Revenue Model
The Colony Network is able to sustain its development and maintenance via two main revenue streams: the Network Fee and the Token Auction.
Colony’s Network Fee: there is a 3% fee which is either sent to the Colony Network contract or the MetaColony (that is, the “special” colony at the apex, which controls the Colony Network) on any payout or rewards claimed on the Colony Network.
Colony’s Token Auction: Colony’s 3% network fee may be denominated in any ERC20 – even non-whitelisted – tokens. These various tokens are collected by the Colony Network’s Contract and can become cumbersome to manage, even in the short term. These tokens are therefore denominated in CLNY and are then auctioned off on a monthly basis, for each token, via the Colony’s Network Contract. The auction revenues are then burned, potentially increasing the value of the circulating Colony Network Tokens for the holders and the MetaColony, thanks to this deflationary mechanism.
3. The Colony Network Token (CLNY)
CLNY is the native utility token of the Colony Network and will provide two main use cases
to holders, as well as assigning them two roles inside the Colony Network:
The right to participate inside the Reputation Mining process of the network (by staking CLNY with the Colony Network Contract).
The right to join in the Management process of the Colony Network.
The right (together with reputation) to claim a share of Colony Network’s revenues.
These three key functions will be accomplished via several permissioned features on the Network’s Contract, allowing several network core parameters to be set via the Metacolony, which in turn will call upon all CLNY token holders and reputation holders for their vote on governance topics and on Colony contracts updates (that way ensuring due diligence is performed).
4. Recent News and Upcoming Events
February 2021: Registrations opened for Colony v2 Early Access Program. February 2021: Colony v2 Launch. March 2021: Colony’s 2021 Product Roadmap Publication. Coming April/May 2021: Motion & Disputes (Reputation-based) Governance Module scheduled to launch. Gnosis Safe Support & Gasless Implementation to Colony Mainnet. Coin Machine (Colony Network’s Token Sale Mechanism) + KYC + Address Whitelisting goes live. Coming June/July 2021: Arbitrary Transactions feature. Motion & Disputes (CLNY holders & hybrid-based) Governance Module set to launch. Expenditure Builders, Governance Policy, Batch/Split/Staged Payments features. Coming August/September 2021: Full-fledged Finances Dashboard. Transaction Filters, Treasury, Rewards, Bounties, and Team Features. Coming Q4 2021: Cross-Chain Execution, Personal Dashboard, Scalar/Approval Voting, Notifications (via $EPNS), Fee Auctions, Budget Box functionalities & more launching.
5. Product Dive
How does Colony work?
“Colony” is the name utilized to refer to a decentralized organization, one that doesn’t necessarily need managers/executives for decision-making. Essentially, it is possible to “destructure” colonies into:
Domains
Tasks
Users
Within each Domain (e.g. Marketing) there will be Users competent in that particular field/domain, who will work on Tasks that are relevant to their Domain.
Users Tasks have three general roles associated with them:
Manager — responsible for defining and coordinating the delivery of the task.
Worker — responsible for executing the task.
Evaluator — responsible for assessing whether the work has been completed satisfactorily.
Tasks are assigned by Managers, who also
pick the worker and evaluator (with their consent) for a task.
can cancel tasks.
Colonies VS Traditional Organizations’ Schemas
The main difference compared to traditional organizations is that the individual Users aren’t necessarily physical, real-life acquaintances/colleagues, but can still join in and bring value to the Colony by bringing Tasks to completion. Completing Tasks will reward Users with either Reputation, CLNY tokens, or other cryptocurrencies. In turn, Reputation also empowers a User, giving him/ her more voting power and influence inside the the colony. Reputation does also gradually diminish over time as a measure to contrast initially “overdue” influence of “elder” Users that have finally stopped executing tasks and contributing to the colony, thus fostering the onboarding of new, committed users. This structure also implies that there will be no formally appointed CEO in the Colony, but instead, leaders will emerge and there will possibly be leadership turnovers in time. The main aim is to develop a meritocratic system among all colonists.
The MetaColony
Above all the colonies stands the MetaColony, which – as stated previously – controls the Colony Network and, thus, all Colonies. The MetaColony’s very purpose is to support the maintenance, development, and evolution of the Colony Network as well as the Reputation Mining infrastructure throughout its life, via community consensus. The MetaColony’s governance will initially be permissioned/centralized with the Colony team funders having control (via multi-sig) over the MetaColony. Eventually, as roadmap features are rolled out and strategic milestones are hit, all governance rights will be handed off to the Metacolony, thus marking its passage to an unprecedented and unique 100% decentralized organization governance model, with no privileged control available to the Colony team. Governance will then be exclusively determined by CLNY and reputation weights held by the colonists.
Reputation Mining
The reputation system is the foundational component of a Colony. Reputation will only be “earnable”and cannot be transferred between Users, thus laying Colony Network’s basis for a meritocratic form of decision-making that will be hybrid between token-weighted voting and reputation-based voting.
ColonyNetwork Commits (as of May 10th, 2021 – source: GitHub.com )
Reputation decays gradually, allowing the continuous update of the Reputation “balances” among old and new users in the Colony, preventing the risk of oligarchic governance. Reputation calculations are calculated and stored off-chain (due to complex calculations involved) and are then finally reported to the blockchain by active CLNY token holders – in a fashion that in some aspects resembles POS mechanism. That is the Reputation Mining process.
The xDai chain is a stable payments blockchain designed for fast and inexpensive transactions. The chain uses a unique dual-token model; xDai is a stable token used for transactions, payments, and fees, and STAKE is a governance token used to support the underlying POSDAO Proof-of-Stake consensus. Any contract that works on the Ethereum mainnet can be redeployed to the xDai chain. On the xDai chain, transaction costs are minimized, and all fees and transactions are paid with a single token, xDai. Many tools supporting Ethereum development are compatible with xDai, including TheGraph, Tenderly, Remix, OpenZeppelin, Gnosis MultiSig, Dune Analytics, and many more.
7. Community and Social Media Channels
Colony Network’s Website For everything you need to know about Colony, visit the official Colony.io Website. Colony Network’s Telegram Join the conversation on Telegram to stay in the know about Colony Network. Colony Network’s Twitter To keep up with the latest updates from Colony Network, follow them on Twitter Colony Network’s Discord Get in touch and social with other members of Colony’s community. Join the community in Discord.
Welcome to another episode of our AMA
series. Today we are glad to tell you about the AMA session with our friends from
Red Fox,
a blockchain based tech company that identifies and builds successful
business models for the emerging markets. The
AMA took place on May 30 and our guest was Ben Fairbank, CEO and
co-founder of RedFOX Labs.
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
Gold Rocket | Satoshi
Club: Hello, dear Satoshi Club community! We are pleased to announce our
AMA with RedFOX 🦊Today our guest is @benfairbank!
Ben Fairbank: Hi
there, Thanks for having me.
Mary | Satoshi Club: How’s
going?
Ben Fairbank: Going
great thank you.
Mary | Satoshi Club: Ben,
could you please introduce yourself and tell us more about RedFOX?
Ben Fairbank: Sure.
I’m Ben Fairbank. CEO and co-founder of RedFOX Labs. RedFOX Labs is a Southeast
Asian based venture builder (otherwise known as an ecosystem builder). We have
ventures covering the 4 fastest growing sectors of the internet economy,
including gaming, NFTs, ecommerce, emedia and etravel.
Mary | Satoshi Club: How
old is RedFOX? Why did you decide to found it?
Ben Fairbank: We’ve
been around for nearly 3 years now. We saw a real lack of products people could
use and just a platform battle. So we decided to build a suite of companies and
products anyone can use. We started with kogs.gg and RFOX Games, launched
rfox.finance and soon we will release a metaverse based in space and serving
globally famous retail brands.
Mary | Satoshi Club: That’s
true, cryptoworld needs your services! Can you also tell us more about your
team? Who is working on RedFOX?
Ben Fairbank: We
have an all-star team. Including Philip our CMO who worked on the World Cup
Campaign in SA. Lei Dong our new CFO and former Huobi and NEM CFO, Glen the
co-founder who has worked in numerous SEA based marketing and finance based
roles, Wade the COO who has worked with me for 25 years around the world, Pete
our CTO was formerly of Texas Instruments and Fadz our GM for Games is a
seasoned gaming pro and rolled out many titles. We also have Brian Cu cofounder
of GRAB, GoJek and Zalora and Mike Novogratz as an investor.
Mary | Satoshi Club: How many employees do you have?
Ben Fairbank: Around 33 core staff and we also have 20 plus
contractors and agency staff.
Just that we are releasing our
100% on chain mobile game in the coming weeks so look out for that and get some
play to earn rfox too.
Q1 from Telegram user @Jonahapagu
RedFOX acquired MYMEDIA Digital which is Myanmar’s largest digital
marketing platform that connects consumers directly to brands and influencers
across different industries, it is also said to be one of the most heavily
visited platforms in the country, this is a very huge acquisition for RedFOX.
So what does RedFOX intend to do with this acquired digital platform, and what
new features and functionalities will this acquisition bring to RedFox and the
users of your platform.
Ben Fairbank: We are rolling out RFOX media across the whole region
and using the Miss Universe contestants and other top influencers to attract
users. We are rolling out RFOX media across the whole region and using the Miss
Universe contestants and other top influencers to attract users.
Mary | Satoshi Club: How many users do you currently have?
Ben Fairbank: We will do massive giveaways, referral campaigns and
roll out our streaming platform there too. We haven’t launched media yet but
currently we have around 13K users across the platforms and this will grow
rapidly with the launch of the game. We aim to have 100K users just in the
Philippines by the time the Miss U starts in the 4th Q of 2021.
Q2 from Telegram user @Dinc3
As a
Gamer myself I am really excited when I see Game integrated crypto projects in
the market. Can you little bit tell about the RFOXGAMES? What kind of games
will be inside? What will be the role of $RFOX in this feature? And very
interestingly, will Play$Earn be available in RFOXGAMES?
Ben Fairbank: Yes, great question. KOGs SLAM will be the first
game, it’s a remake of the 90s phenomenon POGs or Milk Caps. The NFTs have
already done 10M in secondary trading volumes. All games we produce will
incorporate RFOX soon and also KOGs our NFTs can be used in all games. Our
second game is about 90 days from release also. You will be able to play to
earn RFOX in competition mode, esports tournaments and also play to win and
play to keep KOGs NFTs. Our NFTs are fully interoperable and will soon be seen
on multiple platforms.
Mary | Satoshi Club: As I know KOGs NFTs now available on WAX,
right?
Ben Fairbank: Yes that’s
correct, you can go to atomichub.io or go to kogs.gg
Q3 from Telegram user @Ajpaa
The REDFOXLABS’ Virtual Space is
divided into 2 distinct categories: which are the Virtual Space token holders
and The Shop Owners. There will be 120 shops in total for vendors of products and
services in the space, such as 3D developers, payment providers, and other
asset producers. My questions are What are the criteria for becoming a shop
owner and is it possible for a shop owner to lose his right of shop ownership?
who decides the price of products and services of the shops and what’s the
modality the shop owners receive payment for their products and services? Can a
shop owner customize his shop? Will the total numbers of shop remain fix at 120
or is it subject to change in the future?
Ben Fairbank: Shops will
remain at 120. You can buy at auction using RFOX tokens. Shops will need to
offer items and not sit stagnant. We will provide the rules shortly. They set
the prices of digital items but each of the 4 qrts have a quartermaster and
their job is to make sure the rent costs are controlled, shops are open and
maintained and they also host events and help the shops to customise their look.
Mary | Satoshi Club: Which kind of items users will be available to
sell in their shops?
Can you give us examples?
Ben Fairbank: Anything
digital and soon vIRL meaning you can go to a food court and order a burger and
it gets delivered to your door in real life. Cool thing about this is some of
these restaurants will only be available through the virtual space. They might
sell NFTs, wearables and NFTs that act as receipts for real life item
redemption, such as a pair of shoes or a jumper or hat.
Q4 from Telegram User @andrey_seleznov
Hi RedFOX Labs!
Please tell us more about the RFOX DEX. I know you used RFOX DEX to
launch the $VFOX token. I think it is only natural to use your DEX for the
farms and pools to generate yield rewards. Other than yield generation, what
future plans do you have for the DEX? Do you have any partnerships that are
looking forward to use RFOX DEX to launch their tokens? Or maybe you plan to
launch more exciting products for your own ecosystem? Thank you!
Ben Fairbank: Yes, rfox.finance has been great. You can still get
over 1000% in the farm and 390% staking. We will of course release new pools
and partners very shortly. We see this as an important part of our ecosystem.
We will look at working with others and in various different models.
Mary | Satoshi Club: Can you tell us more about VFOX token?
Ben Fairbank: The VFOX token has only 21 million total supply and
will be in full circulation in just over 4 months from now. 1% of all
transactions plus a share of the land sale will be divided amongst the holders
of the token holders. It was a fair launch with no team tokens and no project
tokens. 100% for the public through farming and staking. No pre-sale, no Launchpad,
just pure fair launch.
Q5 from Telegram User @NataliyaKil
Is it true that goods with the RFOX Games logo presented on the
shop.rfoxgames website can not only be bought but also received for free? Tell
me, what should we do for this? Do you organize delivery to all regions and in
what time frame?
Ben Fairbank: We are looking at options for this now, yes. We will
do giveaways and prizes for sure. Re logistics it depends on your countries
customs during COVID, seems to change daily. But generally they arrive in less
than 2 weeks.
Mary | Satoshi Club: How are things in your store? Where most
buyers are from?
Ben Fairbank: They range. Generally, our audience has been mainly
US and AUS but now Indonesia, Japan, Vietnam and Philippines are the fastest
growing regions.
Q6 from Telegram User @victorogb
It is interesting to know that RedFOX Labs employs what it terms as a
proprietary 9-step funnel process also known as “RFOX Funnel” to determine the
business models to replicate. As stated, this model removes all emotions from
the decision making process, thereby presenting a concise business idea that is
solely influenced from hard data collected during market research. Therefore,
for a well informed decision, what are the 9 step funnel processes, and how do
they ultimately lead to best business choices? Considering the tedious process
of market research and data collation, how does RedFOX effectively use
blockchain in providing an accurate and precise data?
Ben Fairbank: Great question. We keep most of it under wraps but
they are roughly, are we 3rd to 5th to market? Don’t want to be 1st in most
cases. Can we find the talent? Can we scale to 250M in revenue by year 4? Is
there a unicorn example we can model from and improve on? Does blockchain
enhance the offering and provide a competitive advantage? And can we protect
our idea? These are the general ones.
Mary | Satoshi Club: What do you think about your competitors? Do
you have them now?
Ben Fairbank: Not many doing all of what we do, no… but many doing
a part of what we do. I deeply respect all of the competitors and admire the
things they do well and capitalize on the things they do poorly.
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 @Karoceh
On chain mobile based games usually reduce graphic quality to get a
smoother game. How will RedFOX balance both graphics and speed? and what are
the minimum specifications to get optimal game play?
Ben Fairbank: We have solved this issue. Will be tough to tell you’re
on chain. You’ll need a smart phone and best to have one of the latest
iterations.
Q2 from Telegram user@cryptofollower
On your main page of the website you are showing as the only way of
swapping for RFOX is with metamask. So is it not possible to swap with trust
wallet or wallets like math wallet etc.?
Ben Fairbank: We now are also
on BSC so you can use Trust to buy on the BSC chain side. You can’t currently
use Trust to bridge however.
Q3 from Telegram user @Jodasf
How is REDFOXLABS in the field of security, how much importance have
you given to this point and how can you demonstrate it, that is to say, being a
project that creates companies, how are you managing to protect each of them in
a satisfactory and totally efficient way?
Ben Fairbank: We use Hacken for outside protection and Blackpoint
Cyber for inside protection. This is run by the former head of the NSA during
the Snowden administration. We take this very very seriously.
Q4 from Telegram user @ysasoma
I read that RedFOXLabs was founded in 2018 with the intention of being
the first blockchain company builder, so I would like to know, since then, how
many companies have you built and what is the contribution you consider you
have made to blockchain technology?
Ben Fairbank: 2 so far with 4 in development. I think we have made
many breakthroughs in tech and also remained agnostic and looking to branch to
multiple chains.
Q5 from Telegram user @vedamatrix
When do you plan to add BSC support for RedFOX project and what layer 2
solution do you plan to use before doing it?
Ben Fairbank: We have this now already and are looking at several
other chains now.
Q6 from Telegram user @Gen_Block
Does RedFox has plan to expand and compete with other famous
Marketplace in Asia? How do you think like Shopee or Lazada, Alibaba? Do you
think RedFox able to compete them?
Ben Fairbank: Yes, we 100% think we can take on all the big boys.
We are already an affiliate of Lazada.
Q7 from Telegram user @csgonub
China
has banned to be able to purchase with Bitcoin. And you have shops. What do you
think about this event? Do you think people still can use your shops?
Ben Fairbank: Yes, we aren’t location based. No single country can
change or impact our plans.
Q8 from Telegram user @highpee
You said you already released one
GAME and will release another in the next 90 days. What type of game did you
already release and where can we ACCESS it? Also, will your gaming focus on
entertainment only or do you plan to combine it with some play-to-earn features.
Ben Fairbank: 100% play to earn, competitions, esport and win. Play
to earn is a massive part of what we will do going forwards.
Q9 from Telegram user @Tahsinahmett
The ups and downs of the crypto world will be affected by the $RFOX
coin. What fundamental impact can the changes have on the Redfox Labs business?
Ben Fairbank: We believe we can ensure that the RFOX token becomes
market resistant as it will act as a settlement on the second layer for all of
our ventures.
Q10 from Telegram user @soarspace
Please give your statement about the role of the community? Do you
think they are helpful enough for the growth of your project?
Ben Fairbank: Yes, they are vital. We need many more community
members and we are working to grow them now. There you go. That’s 10.
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi
Club Team asked the chat 4 questions about RedFoxLabs. A link to a
Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$
were distributed between the winners.
For more information and future AMAs, join our Social Media
channels:
Welcome to another episode of our AMA
series. Today we are glad to tell you about the AMA session with our friends
from CumRocket,, a project that combine the adult
industry with blockchain technology. The
AMA took place on May 29 and our guest were @LydCumRocket and @christophercharles92.
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
Gold Rocket | Satoshi
Club: We conclude our today’s AMA marathon series with CumRocket.
Andrés M. | Satoshi
Club: Dear community, our final AMA today is with an interesting and great
project, our friends from CumRocket are here. @LydCumRocket
and @christophercharles92 welcome
to Satoshi Club.
Chris:
Thank you Glad to be here!
Gold
Rocket | Satoshi Club: Introduce yourself please. How did you
get to be involved in crypto & CumRocket?
Chris:
I have been involved in the cryptocurrency space since 2019, I originally got
involved with LTC, but then moved to proof of stake tokens after realizing how
much more beneficial they were. In September of last year, I started helping a
Defi protocol with marketing, and was then hired by several other multi-million
dollar cryptocurrencies as marketing officer and community manage!
Gold
Rocket | Satoshi Club: I thought the success of Safemoon etc.
was really interesting and that it would be a very fun project to try and set
up my own token.
Andrés M. | Satoshi
Club: Great background, btw what is the essence of your project?
Chris:
Our project is here to disrupt the adult industry and
combine (or evolve) the adult industry with blockchain technology. The 18+
industry is a massive untapped real world market, with a 97-billion-dollar
valuation. The fact crypto hasn’t been used in this industry before is shocking
to me, it truly is the perfect use case!
Andrés M. | Satoshi
Club: Is fantastic the diversification of blockchain can be used on each
field.
How did you choose the name?
Lyd:
I was deciding on what would be the most ridiculous and funny name to name a
token and came up with CumRocket.
It’s memeable and not a moon copy –
there’s too many projects with moon in the name but not rocket.
Gold
Rocket | Satoshi Club: Also we would like to know about your
team. Who is on the project team core?
Chris:
On the core team, at least on the website, it only shows
Lyd, Antonio (our CTO and lead dev), as well as myself. However, we have a team
chat with many other valuable members, some who have been here supporting us
since the start of the project. Many of them are involved with marketing, PR,
and some others are part time developers helping with coding etc. when they
have time.
Andrés M. | Satoshi
Club: Ha-ha so your first option was Cummoon?
Lyd:
No I knew first off I didn’t want moon in the name but
that’s one of the many copies we have now ha-ha.
Gold
Rocket | Satoshi Club: What event influenced the project the
most?
Chris:
Most likely the name, it’s very meme-able, the difference is
though we are not just a meme-coin. It’s funny because people join expecting a
meme-coin, but then they end up staying for the use-case.
Q1
from Telegram User @Highpee
There
are issues with the purchase of $CUMMIES from Pancakeswap (PCS). The team
already locked liquidity in v1 of pancakeswap for a year but with the launch of
pancakeswap v2, all transaction is being forced to take place on PCS v2.
However, trading $CUMMIES on v2 comes with higher price impact and the token
price on the two versions are different. How will you tackle this since you are
unable to remove locked liquidity from v1 and PCS is no longer friendly to v1
coins? Do you plan to add more liquidity to v2 to make $CUMMIES price uniform
or is there any immediate solution you have for investors as it has to do with
$CUMMIES purchase? Also, why is it only BNB that can be swapped to $CUMMIES?
Why can’t $CUMMIES trade with other BSC asset pairs?
Lyd:
We are aware of the warnings that come up when someone goes
to buy on Pancakeswap V1. When we initially released the contract and locked
liquidity, we locked our liquidity in good faith to show the community that we
were in it for the long haul. At the time of the presale and locking, there had
been no mention of a “Pancakeswap V2”, so dxsale automatically locked
our liquidity on Pancakeswap V1. We now have our main liquidity locked on V1 on
DxSale, with no way to migrate for the duration of said lock (10 more months).
There are hundreds of other cryptocurrency startups facing the same issue who
can’t migrate to V2 for this very reason.
In the meantime, we built a simple to
use DEX so people can trade CUMMIES easier – without these warnings. You can
use CumSwap with any token that is supported by pancakeswap, as long as it has
a v1 liq pool!
Gold
Rocket | Satoshi Club: Tell us please about your tokenomics
btw.
Chris:
We have a 2.5% burn and a 2.5% redistribution on every
transaction! The redistribution happens to all holders, so all you have to do
is hold CUMMIES and watch the number of tokens you have climb!
The burn also makes us deflationary, so
there are less CUMMIES after every transaction.
Andrés
M. | Satoshi Club: What is the max supply?
Lyd:
10 billion – but the circulating supply is around 1.2billion
now due to burns.
Q2
from Telegram User @Josegamboac
Cumswap
was recently released which is Cumrocket’s own DEX. Can you tell us about this
DEX? and the benefits that it will bring to the users and artists of the
platform?
Lyd:
We created it in order to bypass the warnings on Pancakeswap
V1. When you click to buy CUMMIES from our main liquidity pool, it gives a
warning to trade on Pancakeswap V2 and says that V1 trades are no longer
supported. CumSwap actually routes to PancakeSwap V1, so you can buy CUMMIES
without the warnings and access our main liquidity pool with ease. We have it
set up so that when you open CumSwap, the slippage is already set, swapping BNB
to CUMMIES is set, the only thing you need to do is press “swap”. We
can also offer CumSwap to anyone else who has their liquidity locked on V1 with
no immediate way to get it off – so they can bypass the warning etc. 🙂 It
comes with a custom domain, too!
Andrés
M. | Satoshi Club: Btw, what are the main benefits for
long term holders?
Lyd:
Eventually, as the token is used more often to purchase NSFW
content, and using it for tipping etc. – the holders will benefit from the
transaction rewards more often! (2.5% reflect, 2.5% burn)
Chris:
We also haven’t started any farms, but in the future after
our initial roadmap we plan on introducing these capabilities to our DEX as
well. This was we can give CUMMIES holders more options, such as farming!
Gold
Rocket | Satoshi Club: Btw I have a little question. Could
you clarify information about the total supply of token? seems like
CoinMarketCap and CoinGecko have a different number.
Chris:
For NFTs we already have LP staking in fact, but staking to
earn other tokens is entirely possible as well. We just want to grind out our
main goals to begin with in order to deliver to our community!
Chris:
Yeah circulating is around 1.2 B, and total was 10B, we have
emailed them and we are waiting for them to change it!
Q3
from Telegram User @andrey_seleznov
Hi
Cummies!
I
read that you are currently developing a V2 NFT Marketplace. Will it be hosted
directly on your website or still on the DEGENR platform? Please share some
sneak peeks, what features will be improved in V2, will there be any new
exciting features that are not available on the current marketplace? Will
anyone be able to publish their creations on the marketplace and what will be
the fee for creators?
Lyd:
Our V2 platform is being built from scratch and will be
hosted by us. We intend on having a “social NFT marketplace”, where
you can be sure you are buying verified content, from verified creators. Each content
creator will have performed a KYC “Know your customer” with us, so
they are each responsible for the content posted from their addresses. We aim
to give them profile pictures, descriptions, and announcing each of their
collection addresses. This way anyone who hasn’t registered with us cannot be a
part of our marketplace, since they can’t be accountable for their content.
This will make it impossible to be “scammed”, or buy a fake NFT. You
will always know who you are buying from with our V2 marketplace, this protects
both the creators and consumers from fraud on multiple levels.
Andrés
M. | Satoshi Club: What is needed to be a “verified
creator”
Chris:
They will have to complete a 3rd party KYC, meaning showing
their ID, and proving it is in fact them behind it.
Andrés
M. | Satoshi Club: Btw, the marketplace will have only +18
content?
Chris:
There will be room for SFW (safe for work) content as well!
Andrés
M. | Satoshi Club: Thanks for clarifying. Please can you
share us your roadmap? We want to know what else is coming for CumRocket.
Lyd:
There is more to come – but this is an overview!
Andrés
M. | Satoshi Club: Great, you have been audited, what kind
of problems the auditory process found?
Chris:
Yes, we were audited by Solidity Finance, the auditor found
that the contract ownership should have been either renounced, or a multisig
added to control the contract. In order to be able to whitelist certain addresses
for exchange listings, we chose to put our contract under a gnosis multi sig!
Andrés
M. | Satoshi Club: So everything is under control, right?
Chris: Yes, nothing can be changed and there
are no errors or anything malicious in it. Besides whitelisting addresses for
CEX listings, nothing will need to be changed! We recently had to whitelist some
CoinTiger addresses for listing, so we are glad we didn’t renounce.
Q4 from Telegram User @eisen_7
When will there be the first gay and / or trans models?
Lyd: We have listed at least 2 bisexual
NFTs, and our first trans girl NFT as well. We plan on having male models in
the near future, and all creators who can verify their identities with us will
have a place on our V2 marketplace.
Q5 from Telegram User @jonathanjgt
Do you plan to introduce sex messaging or other services
later?
Lyd: We have a large roadmap and a long term
ecosystem planned here. That being said, nothing is off the table. If it makes
sense, and it brings in revenue for content creators, we will develop it.
Having a sexting service is something we have planned on having a long time. Where
people can pay the models to have a girlfriend experience, and communicate with
them as individuals for hours or even days (depending on the subscription they
purchase).
Or simply, just pay (tip) per message
to speak with your favorite influencer.
Andrés M. | Satoshi Club: Btw how
many models do you have at the moment? What are the most famous?
Lyd:
We have almost 50 now – the most famous include
swedish_bella (2.4m followers) and JaydenMichele (1.9m followers)
Andrés
M. | Satoshi Club: Where we can buy CUMMIES token
different to Pancakeswap?
Lyd:
This is PCS under the hood but with a front end MUCH easier
for beginners.
There’s
hundreds or even thousands of blockchain technologies are popping up in the
internet. Are you confident enough to battle the crowd and to become one of the
successful projects that you are handling in? Is your project competitive
enough to attract customers?
Lyd:
We are confident as one of the first movers in the space
that we can do this, and we have a community like no other. It’s our community
that sets us apart from other players in the space, and it really is a special
place to be. Our models and content creators already communicate with our
holders and are active in our community (mostly discord). We will have a major
userbase and also will be one of the first NFT platforms to accept reflect
tokens on the Binance Smart Chain. We are confident that we can achieve our
goals.
Andrés
M. | Satoshi Club: That’s incredible, please share with us
the links to join to your communities.
Lyd:
Telegram: @CumRocket
Website: cumrocket.io
Discord: discord.gg/cummies
Twitter: twitter.com/cumrocketcrypto
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
@Jendolcuek
Recently, the rate at
which PROJECTS WERE DETERMINED, Fraudulent INVESTORS AND RUGPULL have made
investors suffer huge losses of funds and data. Is CumRocket really safe and
secure?
Lyd: Yes – our
core team is non anonymous – we also do live AMAs with webcam so you can be
sure it’s really us. We would never rugpull as we see a huge opportunity to
create something amazing here and we wouldn’t let that go to waste –
furthermore half the dev wallet is LOCKED and liquidity is also LOCKED. I also
quit my full time job for this so I’m here for the long run!
Q2 from Telegram user
@AuliaAzzahra95
Can you explain what
SECURITY the Project has, is it working with the world’s best security experts?
Chris: Security
is one of our number one priorities. Since we have reflected functions instead
of staking or farming, we have essentially mitigated most of our security risks
from this alone. Most exploits and hacks come from platforms that offer staking
and farming. So far we haven’t offered these features (LP farming is for
points, and not for tokens, so it is SAFU).
When we do roll out revenue platforms and updates in the
future we will be seeking a bug bounty and 3rd party audit from a credible
company such as solidity finance before launching. Right now since people only
hold CUMMIES in their wallets, the security risk is with the individual and not
us as a team. As long as they have their keys, the CUMMIES are safe.
Q3 from Telegram user
@K2ice
How do you ensure that
users are accountable for their content?
Chris: We
currently KYC each of our models individually, and we also sell them from our
own collection on the V1 marketplace. Only NFTs from our V1 collection addresses
are valid, and since we control the minting from this address, you can be sure
of this. For the V2 platform each individual will have to also prove their
identity, so if they posted something that was illegal (or copyright), they
would be the ones to answer for it directly.
Q4 from Telegram user
@highpee
An as adult
entertainment platform, what ethical or legal considerations do you consider in
the execution of your project activities?
How do you ensure that your contents and adult NFT marketplace are not
being accessed by minors? Is there any KYC prerequisite before users can gain
access to CumRocket services?
Chris: We ensure
this by having a warning system upon loading of our V1 marketplace. The user
has to enter their date of birth, if they are not of age, they will be denied
access to the marketplace. People can lie about their age in order to access
the platform, but by doing that they are breaking our rules and accessing our
platform illegally!
Q5 from Telegram user
@andrey_seleznov
How do content
creators profit on your platform? Are there more earning venues other than
selling NFTs? And one more question, do creators need to hold and stake your
token to display their NFTs on the marketplace?
Lyd: Yes! We plan
to have MULTIPLE revenue streams for content creators:
NFTs, content subscription service, tips, free CUMMIES
(reflection) if the models choose to holdtheir CUMMIES, referral fees (this is how OnlyFans exploded in popularity),
royalties from NFT resales. We also have many other interesting ideas for the
future after our main goals have been achieved.
No – anyone can list on our marketplace, however if they
want to appear on the FEATURED models page, they would have to hold a certain
amount of.
Q6 from Telegram user
@topind7
time seeing a name
with Rocket, interesting! why did you think the name CumRocket is the best name
to give your project?
Lyd: Yes, it has
given us TONS of free of exposure! We have been featured by HBO, Hypebeast,
Bezinga, Barstool Sports, Blockfolio, LadBible, CodyKo, JournalDuGeek plus
more!
Q7 from Telegram user
@cryptonation2
Why 50% wallet is
locked in DEV wallet how to trust??
Chris: You can
see that it is locked into a smart contract on dxsale, just like our liquidity
is also locked on dxsale for 10 more months. After the 50% unlocks, it will be
transferred to our multi-signature gnosis developer wallet. No single entity
can access or transfer these funds anymore (it requires multiple team members
to sign).
We created the multi-signature wallet after locking 50% on
dxsale, we really only locked those funds as the community requested us to in
order to show them we were around for the long haul.
The other 50% is now in our multi-sig wallet, and when the
rest of the developer funds unlock from dxsale, they will also be put into the
multi-sig dev wallet for safety.
Q8 from Telegram user
@cindy_crypto
Will you publish your
NFT’s to the other NFT marketplaces like opensea?
Lyd: In our
version 2, it is purely creator made and uploaded content – that is up to them
whether they want to upload it exclusively to the CumRocket NFT marketplace or
others as well – however there is barely any 18+ specific NFT marketplaces so
they have the target audience here on our platform.
Q9 from Telegram user
@Iamcata
will you last for long
term periods?
Chris: Yes, upon
unlocking in 10 months, or liquidity pool will be migrated to Pancakeswap V2,
where it will be locked again for a long period of time. This ecosystem is a
long term development project, which will be worked on and upgraded for years
to come. We will expand into every niche and corner that the adult industry has
to offer, and we won’t be doing it tomorrow (Rome wasn’t built overnight).
This ecosystem will take time to fully develop, and we’re
literally just beginning and walking through the front door (so to speak) …
Q10 from Telegram
user @apex_gro
Nowadays So many Rug
Pulls and exit scam happening. How Users can trust your project and how you are
different from others?
Chris: We have
all been through these rug pulls and exit scams (everyone on the team) … They
are becoming a real tragedy in the space nowadays, it’s a shame that people
have to worry about such things when investing. We have all put our public
names and identities forwards in order to show everyone we are here to stay. We
have nothing to hide, and we consult our community with every decision we make.
Our community is truly something special, and we care about them more than
anything. There is no chance of a “Rug-pull” with us, we are here to
stay and welcome you all to come join us for the long haul!!
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi
Club Team asked the chat 4 questions about CumRocket. 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:
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 Mozik and our guest was @MarioLeeMozik – representative of Mozik. The AMA took place on 28th of May.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Gold Rocket | Satoshi
Club:
Hello, dear Satoshi Club community!
We are pleased to announce our AMA with Mozik
D. | Satoshi Club: Today our guest – @MarioLeeMozik !
Mario Lee: Thank you for having me, glad to be here.
Gold Rocket | Satoshi
Club:
Hello and welcome to Satoshi Club, @MarioLeeMozik!
D. | Satoshi Club: Hello! Welcome to Satoshi club! nice to have you here 😊
Gold Rocket | Satoshi Club: We are very excited about the upcoming AMA! 😊
And you?😉
Mario Lee:
I cannot wait to start this AMA😁
Gold Rocket | Satoshi Club: Let’s start! 🚀 Introduce yourself, please. How did you get to be involved in crypto & Mozik?
Mario Lee: Sure, I have been a music serial entrepreneur in China for the last 15 years.
Previously, I co-created China’s first mood-based music streaming app “You Listen”.
Gold Rocket | Satoshi
Club:
Wow! and how did this lead you to crypto? 😁
I am sure that music and crypto can coexist and develop together. How did you put it together?
What is the essence of Mozik?
Mario Lee:
“You Listen” was acquired by Rock Records for $21 million USD. After
the acquistion, I worked for them as COO of Rock Records Mobile Digital Music
for a few years. So I have a rich understand and deep connection with the music
industry. In 2016, I founded Mozik, I also noticed that the biggest pain point
in the music industry is that artists are not being compensated fairly for
their work. Record labels and streaming platforms take the lion’s share of the
revenue from music sale and streaming playback. Artists only take home about
12% of that revenue.
This is something blockchain and NFT can help with
Gold Rocket | Satoshi
Club:
Yes, that’s a problem! And by the way, you have a great background👍
D. | Satoshi Club: Did you participate in any projects related to crypto before Mozik?
Mario Lee: No, I haven’t participated in any projects related to crypto before Mozik. But I know many people in the crypto world
Gold Rocket | Satoshi
Club:
What plans do you have for the future? And what can we expect from Mozik?
Mario Lee:
We intend to let artists mint different types of NFTs. They can release their
tracks or albums as one-of-a-kind or limited editions. They can also raise
funds to help with their music production by selling rights of their songs to
fans and project backers. We will have trading functions at the beginning and
plan to add auction, crowfunding, and other features as part of the roadmap.
Through Mozik’s platform, artists will be incentivized to create more and better quality music. With lowered publishing cost and higher engagement from music fans, all participants can share in the rewards, and create a healthier and fairer music ecosystem.
Gold Rocket | Satoshi
Club:
This is truly a revolution in this direction!👏
Gold Rocket | Satoshi
Club:
Thank you very much for the great intro! Our community has prepared questions!
Ready for this part of the AMA?
Mario Lee: Look forward to it.
D. | Satoshi Club: Cool video! Satoshi clubbers let’s give some likes! 👍🥳
🚀🚀🚀
Q1 from Telegram user @NataliyaKil The Mozik whitelist on Ignition is closed and all winners have been chosen. But Mozik IDO Postponed due to Volatile Market Conditions. You decided to postpone IDO in light of the ongoing market conditions for somewhere between 2 to 5 weeks. In this regard, is there even the slightest chance of getting into the IDO whitelist for those who just found out about your project and amazing platform? Do you have any plans to open some additional whitelists? What conditions does the market need to provide for you to decide on an IDO date?
Gold Rocket | Satoshi Club: Good video. I watched like a blockbuster 😁👍
Mario Lee:
Just ignore the date there, PSCpad haven’t changed the old timeline yet
D. | Satoshi Club: So for now the new date for IDO is the unknown?
Gold Rocket | Satoshi
Club:
So.. What conditions does the market need to provide for you to decide on an
IDO date?
Mario Lee:
We will announce the new IDO date in 3 days, just need to give the market time
to stabilize again and allow the mood of the market to recover.
D. | Satoshi Club: Gotcha.
Gold Rocket | Satoshi Club: Thanks a lot for the answers! ready for the next question?
Mario Lee:
Yes, please
Q2 from Telegram user @Highpee Music venture is perceived a lucrative set up. Top music labels and streaming platforms often report huge yearly profit. However, music artists are not adequately compensated for their efforts as majority of the centralised and traditional music platforms have monopolised the industry, charging high commission from artist, thereby leaving artist with less than 12% of generated revenue in most cases. How does Mozik treats artists as an asset and not a commodity? In what way is your platform designed to assist music creators to emerge top in the entertainment industry as well as offer an alternative avenue for artist to release their content and earn their deserved revenue?
Mario Lee:
By publishing NFTs on MOZIK, artists reclaim the power back from record labels.
They no longer have to adhere to label demands, hand over royalties, or go
through expensive publishers to release their art.
Fans can directly contribute to an artist’s success by purchasing unique NFTs through MOZIK.
With a new source of income for artists and no third-party steering creative direction, artists are incentivized to give their best with each release.
Gold Rocket | Satoshi
Club:
Show business is a tough world. And it’s amazing there are people like you who
care about creators.
Mario Lee:
Yes, with NFTs, Mozik offers artists an alternative way to release their
content and earn majority of the revenue.
With smart contracts, transactions are carried out automatically and transparently so artists know exactly where the revenue is coming from and be paid promptly into their wallets.
Gold Rocket | Satoshi
Club:
Can you demonstrate some nft?
D. | Satoshi Club: Binance NFT marketplace will be live in the end of June, and already lots of musicians from different countries said that they will release their NFTs on binance marketplace. how do you feel about the possibility that many artists will prefer work with famous and big markets (like binance and other)? will it be tough for young projects like yours, compete with market like binance etc?
Mario Lee: We will release NFT demos in the next few days on Twitter, please follow us https://twitter.com/MozikMoz
Gold Rocket | Satoshi
Club:
It seems to me that the point is what conditions for artists to create. Is not
it? @MarioLeeMozik
Mario Lee: We think the NFT and the value it can provide for artists and music industry is still not well know
Obviously we need more projects to promote NFT, it is a good sign. The good projects will live.
D. | Satoshi Club: Agreed!
Gold Rocket | Satoshi
Club:
Indeed👍
Thanks for your answers! Let’s proceed to the next question!🚀
Mario Lee:
👍
Q3 from Telegram user @Ruttiee The MOZIK token will offer two types of music-related assets: celebrity asset and music NFT. To better understand your project can you please briefly discuss these two different types of assets with us? what are these assets and how can artist and users as well earn from them?
Mario Lee:
We will primarily focus on Music and Celebrity related NFTs, they are not just
for celebrities but we mean they are things like signed by celebrities.
We will have 5 categories of content on the marketplace: Music, Album/Art, Short Videos, Music Videos and Others such as Tickets, Autographs, etc.
D. | Satoshi Club: Nice!
Will owners of these assets be able to trade them on different marketplaces (OpenSea for instance) or they will available only on your platform?
Mario Lee:
Yes, NFTs minted on Mozik will be able to trade on other marketplaces
Gold Rocket | Satoshi Club: Which market are you currently targeting the most? Europe, Asia, America … etc
D. | Satoshi Club: That’s cool 👍
Mario Lee:
Music is international, we are targeting the global market of course. It looks
like the American and Europe artist are more open to publish thier work using
NFT. So American and Europe will be where we have most NFT drops in near future
Gold Rocket | Satoshi
Club:
Thank you very much for your answers! Ready for the next question?
Mario Lee:
Sure
Q4 from Telegram user @meml97 Mozik is a project that intends to build the world largest Music NFT platform, with that being said, can you tell us more about the Music Copyright Protection that will be on it? How will it work? As we know right now there are tons and tons of songs using old tracks to be catchier or remixes independent artist or DJs make, so on what cases will this copyright protection be apply?
Mario Lee:
We have automated validation checks during the minting process. For music, it
will be like using Shazam. Users can also report any fake or inappropriate
content.
If the content is found to be in violation of copyright infringement. We will remove the content and freeze the uploader’s account.
There will be an appeals process for the uploader for them to submit proof of their ownership. We have a committee to review these appeals.
D. | Satoshi Club: Looks like you built a good system 😊👍
Gold Rocket | Satoshi
Club:
I see you thought out this moment well!
D. | Satoshi Club: By the way what will be the role of your token in Mozik’s ecosystem?
Mario Lee:
With $MOZ tokens, fans and project backers can purchase and trade NFTs on the
marketplace. If you hold $MOZ tokens, it will unlock extra perks and benefits,
such as access to tickets to special events held by Mozik, like music
festivals, fan meet and greets. It will also grant you early access to purchase
rare NFTs on the marketplace.
D. | Satoshi Club: Very nice! i like when holders can benefit just from holding assets 😄 😉
Thank you! ready for the next question?
Mario Lee: YES.
Q5 from Telegram user @mctrho Over time you have made and carried out many associations, and today you have a large number of partners and investors. But I was struck by your last association that you announced on your Medium with Netvrk, a project basically dedicated to virtual reality technology. I would like to know more about this strategic partnership, how can you take advantage of this partnership? How can virtual reality technology influence Mozik?
Mario Lee:
MOZIK’s virtual presence in Netvrk will give fans direct access to artists,
special events, and news right on the platform.
It will be a very exciting figure for artists to interact with their fans.
Gold Rocket | Satoshi Club: Please tell us a bit about Social fans. How it works?
@MarioLeeMozik
Mario Lee: We are working with Netvrk in bringing our NFTs into their virtual worlds. Fans will be able to experience their content in VR!
Gold Rocket | Satoshi Club: Nice to see familiar projects. they came to our AMA. and they’re cool! 😊
Mario Lee: Yes, Netvrk is a great project.
Gold Rocket | Satoshi
Club:
By the way, I saw a huge number of partners on your site! Which of the
collaborations is the most important for you right now?
Mario Lee:
Crypto communities/clubs like Satoshi are the most important partners for us.
Gold Rocket | Satoshi
Club:
Mario! Thanks for your kind words!❤️ Satoshi Club is also very
fond of good quality projects.😊
Mario Lee:
Because you are the people who like to try the new things first, and give the
new things time to grow and develop through time
Gold Rocket | Satoshi Club: Ready for the next question😊
Mario Lee: Let’s go for it.
D. | Satoshi Club: The last question from part 1 🚀
Q6 from Telegram user @h1drX Mozik is a decentralized music NFT platform that aims to build a healthier and fairer music ecosystem where people can share their music. But currently in the world there are many censorships on the part of production companies, record companies, platforms, etc., which force artists to have to adjust to a filter imposed by their bosses. Mozik is the exception in the music industry? Any artist can feel free to transmit what they want without fear of being censored?
Mario Lee: There won’t be censorships on Mozik.
Gold Rocket | Satoshi Club: By the way, you have a great website design. You have a good designer, as far as I understand.😉 Tell us a little about your team. Who is the core of the project team?😊
Mario Lee:
Thank you, we have about 20 people on our team, 6 of which are developers. You
can find the bio of core team members on our website: mozik.cc
And we have great advisors too.
Gold Rocket | Satoshi
Club:
You really have a very cool team! 👏👏👏
Mario Lee:
Gold Rocket | Satoshi Club: Thanks for sharing👏
Part 2 — live questions from the Telegram community
Q1 from Telegram user @messilolz When will be your IDO? Any date is announced or will it be fair?
Q2 from Telegram user @cryptonation2 Do you have any top priorities and roadmap for now? What is your next plan?
Mario Lee:
Q3 from Telegram user @KeymerS In case you are not an artist and do not share content, but if you are a music lover, how could Mozik really benefit me? in case of no benefits, why should I prefer it over spotify and others?
Mario Lee: As a music fan, you can participate the community activities such as like, comment and forward the music NFTs. You will reward MOZ token for your activities and contributions to the musicians and platform. I believe this is sth spotify doesn’t offer.
Q4 from Telegram user @White_44444 Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution.
Mario Lee: MOZ Total: 1 billion Core team reserve: 12%, locked on mainstream exchanges for 18 months Foundation reserve: 20% for community and project operation Ecosystem incentives: 25% is used for building the ecosystem, community project incentives, fan rewards and city partners Content mining: 25% is used for content mining to incentivize creators to contribute content and fans to contribute traffic Token Sale: 18%
Q5 from Telegram user @Alika061 What are the advantages of the #Mozik music NFT platform and can you provide some of #Mozik’s NFT innovations, then what features does #Mozik have over other competitors?
Mario Lee: Mozik’s technical innovation will provide best music IP Copyright Protection:
DCPP: Mozik promotes Digital Content Publication Protocol (DCPP) along with the tools that are compatible with DCPP registration rights on-chain.
Discovery mechanism: It also facilitates an environment in coordination with the Mozik token economy and provides an excellent discovery mechanism. In this way, the platform helps artists to connect with a wider audience.
CTPP: Mozik Copyright Trading and Pricing Protocol (CTPP) pave a path for the musicians to complete the NFT music copyright trading conveniently.
Q6 from Telegram user @highpee You will allow artist to issue musical and event TICKETS powered by blockchain. How easy is the process of blockchain ticketing for both event host and participants, and what are the advantages of blockchain issued ticket over the traditional ticketing method?
Mario Lee: Through MOZIK, artists can directly sell NFT-tickets to fans at a fair price — ensuring higher concert attendance in the process. Ticket resale marketplaces like Get Me In and Stubhub are fraught with scalpers. Scalpers bulk-buy tickets and sell them at high prices to fans who have no other option but to buy them.
Q7 from Telegram user @Antoni_azx There is something in your whitepaper that I found interesting … NFTs can be segmented, and users can sell, obtain advertising traffic and promotion and other incomes, so you’ll allow the trading with NFTs fractions? How will their value be preserved in segments? Can you tell us more about this feature?
Mario Lee: For example, if the copyright of one song is mined into 1000 NFT, when you can have one NFT, which means you have 1/1000 of the profit generated by this NFT. The price of these 1000 NFT can be co-related but dosen’t have to be the same.
Q8 from Telegram user @h1drX Statistics show that while the industry in general remains profitable, its main players, the musical artists who contribute their talent, are left without. Because of this, I would like to talk about percentages, because although musicians need to understand and learn how to become their own bosses in order to generate profits for large producers and record labels, the Mozik platform must take a part of these profits in order to develop the platform and pay for the work and effort of the team. How do you as a company generate profits? What are the percentages that the artists take and the percentage that Mozik takes?
Mario Lee:
Q9 from Telegram user @AugusS7 You mention that Mozik takes advantage of Blockchain technology to promote music and boost music consumption, but how does Blockchain really benefit to boost music? not only help in data backup?
Mario Lee: NFT cut-out the middlemen in the music industry. Before COVID, the majority of music artists gain profits from touring, ticket sales, and merchandise. Now, NFTs are being considered a means of bridging this gap in income.
For example, pop musician and visual artist Grimes sold a series of digital art NFT’s. Her digital art collection sold for a total of $6 million.
NFT’s have the potential to entirely change the way the music industry works, giving the power into the hands of the creative artists who drive the industry. This will allow artists to directly showcase their work on the blockchain, eliminating the need for expensive marketing.
Artists have the potential to provide exclusive music videos, behind-the-scenes information, and album art.
Moreover, they can always release their albums as NFT albums.
Q10 from Telegram user @OSKar_lakky What is the most important feature that distinguishes your project from other projects?
Mario Lee: Mozik has been in operation as straming app from 2015 with 10 million accumulated users. this is very different from other NFT platfroms starting from 0 user base.
We were delighted to welcome our guest from OnionMixer. The AMA took place on May 28th, 2021 and our guest was @OnionMixer .
The total reward pool was 500$ and
was divided into three parts. In this AMA Recap we will try to summarize some
of the most interesting points for you.
Part 1 —
introduction and questions from the
Telegram&Bitcointalk community
Gold
Rocket | Satoshi Club: Hello again Satoshi Club 😁
Andrés
M. | Satoshi Club: Hello dear family. Welcome to our new AMA session
with our friends from Onion Mixer! @OnionMixer welcome to Satoshi Club! 😃
Gold
Rocket | Satoshi Club: Today our guest is @OnionMixer!
Onion Mixer:
Hello everyone!
Gold
Rocket | Satoshi Club: Hello and welcome to Satoshi Club. How are you
doing?
Gold
Rocket | Satoshi Club: Introduce yourself please. How did you get to
be involved in crypto & Onion Mixer?
Onion
Mixer: Hello everyone, me, an Onion!
You can think of me as a person or as a team, and we’re made up of a
group of geeks, experienced defi players and developers who admire and advocate
true decentralized world and privacy protection in DEFI!
Our Onion members are mainly senior programmers from Funderclub, Personal
Capital, Xapo, Blockai, Microsoft and other well-known blockchain enterprises.
We are a completely decentralized organization.
Gold
Rocket | Satoshi Club: What is the essence of Onion Mixer?
Onion
Mixer: Onion Mixer is the first decentralized protocol for anonymous cross-chain
transactions on BSC.
Onion Mixer adopts a coin mixing approach that combines CoinJoin and
zero-knowledge proof.
It supports anonymous token transactions on both Ethereum and BSC. And by
enabling liquidity mining, it also provides extra revenues for users.
The name “Onion Mixer” is to pay tribute to TOR (The Onion Router), the
origin of cyber anonymity.
The word “mixer” vividly describes the working mechanism of Onion Mixer,
that is, to mix transactions in the contract so that the links between deposit
addresses and withdrawal addresses are cut off.
In this way, Onion Mixer manages to deliver private transaction services
for users.
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 Onion Mixer?
Andrés
M. | Satoshi Club: Interesting point, do you have partnership with TOR
network?
Onion
Mixer: I want to explain this in simpler terms: the entire crypto world is
actually recorded on chain, and we don’t know each transaction comes from who. But
there are a lot of centralized institutions and organizations in the world,
such as centralized exchanges, such as some DEFI software, or some agencies,
they will match our transactions with real people, trying to identify traders. Some
people are upset about this.
Gold
Rocket | Satoshi Club: Yes you are right. This is the main point of
blockchain😉
Onion
Mixer: Most big whales keep worrying about being monitored by the market, more
and more exchanges are associating an address with a person, and even using big
data technology to track and analyze transfers from that address to see if that
person has the potential to do or done something bad
This will bring distress.The crypto world, which is supposed to be
decentralized and free, is being monitored by more organizations than ever
before.
That’s why we exist!
Onion Mixer is based on the idea of mixing in Coinjoin, and the privacy
of mixing coins is enhanced through zero-knowledge proof.The Onion protocol
solves the problem of the lack of anonymity and privacy of crypto assets in the
current blockchain.
You may have heard of other mixed currency projects in the market, which
can be broadly divided into two categories — managed and unmanaged.
However, many managed coin-mixing services have all but disappeared after
being fined or even arrested by the FBI and other agencies in the United States
because their services are manipulated and help some bad economic activities.
But are coin-mixing services really just for illegal crimes?
Of course not.
According to our research, only 2.5% of mixing services from 2018 to 2021
are related to illegal activities. Most people use coin mixing services for the
purpose of protecting their privacy.
Andrés
M. | Satoshi Club: Have you had legal problems? Or everything is ok?
Onion
Mixer: Of course not. Everything we do is in accordance with legal procedures
and industry norms
We see a need for privacy protection in the industry right now, but most
of the current privacy protection project are not well integrated with DEFI
Gold
Rocket | Satoshi Club: Also we would like to know about your team.
Who is on the project team core? thank you very much for the clarification👍
Andrés
M. | Satoshi Club: That’s great info, well done😃
Onion
Mixer: Onion Mixer was founded by a serial entrepreneurial team, the team has
developed many well-known DEFI projects, has a wealth of practical experience
and technical precipitation
Andrés
M. | Satoshi Club: Well, thanks for your interesting introduction, we
have collected some community questions for you, are you ready to proceed with
the first one?🥳
Onion Mixer:
yup
Gold
Rocket | Satoshi Club: Thank you very much for the great intro!
Onion
Mixer: pls go ahead
Q1 from Telegram User @josewen
It is my understanding that early this year the coin mixer was created at BSC to take full advantage of its large user base, low transaction fees, fast transaction speed, and well-developed ecology. After accumulating sufficient transaction volume, they helped users to exchange their assets on other public chains anonymously, including but not limited to ETH, HECO, TRON, POLKADOT, etc. Have you managed to improve the protocol to be compatible with the DAPP ecology? Can users mix their coins immediately after joining Onion Mixer? Are the benefits of transaction mining anonymous too?
Onion Mixer:
Gold
Rocket | Satoshi Club: cheerful music 😁
Andrés
M. | Satoshi Club: Haha Mr Onion😅
Onion
Mixer: Good question. and I have prepared a detailed answer for this question
Onion Mixer combines Coinjoin and Zksnark zero-knowledge proof technology
to break the on-chain link between deposit address and withdrawal address and
fully realize anonymous transfer.
Meanwhile, Onion has introduced the concept of “trading
mining”. In order to keep the funds in the mixing pool alive and
continuously conduct high-frequency trading, we encourage users to constantly
trade their assets in the mixing pool.
Gold
Rocket | Satoshi Club: interesting symbiosis
Onion
Mixer: The tokens produced by each blockchain will be allocate to the users
according to the user’s cumulative amount of transactions as a percentage of
the total transaction volume
Andrés
M. | Satoshi Club: Thanks for the clear answer, ready for the next
question?
Onion
Mixer: This means that your trading records will be valid forever, contributing
to your own trading mining
not yet
Andrés
M. | Satoshi Club: Interesting concept🤔
Onion
Mixer: For example, user A, who accounts for 10% of all transactions on the
total transaction network, will split 10% of the tokens in the current block.
As the volume of transactions increases , User A’s share of transactions
may drop to 5%, and when the next block is created, he will split 5% of the
token.
As users try to increase their percentage of transactions volume, the
frequency of transactions increases, making our anonymous transactions even
better.
And we will continue to upgrade the agreement to provide better support
for DAPP. Now we have negotiated cooperation with a large number of legal
gambling company agents. In the future, their funds will be better managed
through Onion Mixer and we will also provide more support to similar apps
done
Gold
Rocket | Satoshi Club: Perhaps you can share which ones?
Andrés
M. | Satoshi Club: It seems you have several usecases, gambling for
example
Onion
Mixer: sure!
Onion
Mixer: Of course, we have very strong customers, such as Macau Sun City
Gold
Rocket | Satoshi Club: Amazing!
Onion
Mixer: but you know, mixer, Privacy protection is not just for the gambling
industry.
Our ultimate goal is to become a privacy protection +DEFI infrastructure.
No more streaking on-chain ! this is our vision
Gold
Rocket | Satoshi Club: Thanks for your answers! Ready for the next
question?
Onion
Mixer: Our mission is
No more streaking on-chain. yup
Andrés
M. | Satoshi Club: Thanks for the answer💪
Onion
Mixer: your question is the best question I met ever👍🏻 I d like
to share more with your community memebr
Q2 from Telegram User @V1ct0r_26
I read that Onion Mixer is different from other
projects because it adopts a coin mixing approach that combines “CoinJoin” and
“zero-knowledge proof”. Could you explain this to us a little bit more? What are
this two things? Why did you decide to mix this two concepts? What are the
benefits of this decision?
Andrés
M. | Satoshi Club: We have a great community, we collected some of the
best questions, we hope you like the next of them 😃
Gold
Rocket | Satoshi Club: partially disclosed. but maybe you want to add
something😉
Onion
Mixer: yup
The implementation of zkSNARK zero-knowledge proof in the Onion Mixer
protocol is as follows:
After the user puts the asset into the Onion Mixer pool, a string will be
generated to the user ( the “zkSNARK proof”). Then, the corresponding hash
value (or the transaction voucher) will be sent to the smart contract of Onion
Mixer, combined with the user’s deposit.
After receiving the deposit, the smart contract will add the deposit
certificate to the list of deposit users.
When the user needs to withdraw, he/she can perform the withdrawal in the
smart contract’s deposit list by providing the zkSNARK proof.
The use of the zkSNARK technology satisfies the need of no disclosure of
transaction details and the exact deposit amount. Even if the content of the
transaction voucher is accidentally leaked, a third party wouldn’t know the
source of the withdrawal.
Finally, the smart contract will transfer the funds in the account to the
designated withdrawal address by verifying the zkSNARK proof provided by the
user.
Zero-knowledge proof is a cryptographic proof that allows one party to
prove it possesses certain information (or assets) without revealing that
information.
For Onion Mixer, it is to prove that the user has deposited an asset in
the smart contract and has never withdrawn the asset, and the proving process
will not reveal the specific asset.
The zero-knowledge proof adopted by Onion Mixer relies on Merkle Tree to
save commitment (the user transaction voucher).
The zero-knowledge proof code generated by the user’s transaction is
represented by Note, including the transaction amount V and a random number.
Note has two forms of expression:
one is commitment and the other is Nullifier. Commitment and Nullifier
are both generated through different Hash functions. Commitment represents a
deposit, while Nullifier represents a withdrawal.
For each Note, its Commitment and Nullifier are unique.
Because Commitment and Nullifier are the results of Hash, even if these
two data are public, others cannot infer the connection between Commitment and
Nullifier.
This is how to use zk snark proof to realize mixer.
Gold
Rocket | Satoshi Club: Thanks for your great answers! Ready for the
next question?
Andrés
M. | Satoshi Club: Great answer, do you have a complete ecosystem,
that’s that makes crypto fantastic😁
Onion
Mixer: Onion Mixer not only follows CoinJoin’s core principle of cutting the
connection between transaction input and output addresses but also has made
some improvements. Because of the connections between transaction addresses,
certain private information can be inferred by analyzing the content of the
public ledger. An intuitive protection solution is to use an intermediate mixer
to obfuscate the relationship between input and output addresses.
yup
Q3 from Telegram User @samuelr21
We know that each TOR removes a layer of encryption
to get the next information from the router and then sends the data to the next
TOR, a process that is repeated until the data reaches the destination, this
prevents people who know the sender and receiver steal the data, this is a very
good thing, the type of security they have, giving the necessary trust so that
users feel identified with it, something very gratifying project, how did they
take the initiative to provide that security to users and privacy of their
data?
Onion
Mixer: we have a onepager that shows all the ecosystem
Andrés
M. | Satoshi Club: Please share it if you can😃 Thank you, great info
for our members
Onion Mixer:
Yes, we know that Satoshi is an excellent community and we hope that your users will use our products more.
Maybe we will introduce more benefits to Satoshi community members in the
future
It is worth emphasizing that we will launch the INO, Initial NFT Offering
with DEGO on June 8th
🍻We are happy to announce the partnership with @OnionMixer. The two parties will cooperate closely in the field of DeFi. Onion Mixer will join the coming INO on $DEGO. Stay tuned!
Gold
Rocket | Satoshi Club: Thanks for your answers! Can we proceed to the
next question?
Onion
Mixer: Very good timing. They just officially announced their partnership with
us.
On DEGO we will sell $50,000 worth of tokens at a very competitive price
of 0.0004U.
Andrés
M. | Satoshi Club: Great news Satoshiclubbers🥳
Onion
Mixer: yup
Gold
Rocket | Satoshi Club: Btw great infographics👍
Q4 from Telegram User @andrey_seleznov
Hi OnionMixer!
Unlike traditional transaction mining, Onion Mixer’s
“anonymous transaction mining” incorporates an exit penalty mechanism to
effectively curb the speculative behavior of short term traders and further
guarantee the safety of transaction mining. Could you share with us more
details about this exit penalty mechanism you employ? How much is the fee, will
paper hands lose a large portion of their holdings when withdrawing from the
pool? Will you clearly advertise this penalty so that users are aware of the
loss before actually trying to withdraw the funds?
Gold
Rocket | Satoshi Club: This is a very important milestone👏👏👏
Onion
Mixer: Our INO on Dego will be whitelist , so if you’re interested in taking
part, join our community and follow our tweets to get the whitelist rule
I love this question!
The question captures the essence of the Onion economic model!
Gold
Rocket | Satoshi Club: Thanks for the reply! Want to add something or
we can proceed to the next question?
Onion
Mixer: wait
Andrés
M. | Satoshi Club: Don’t worry, take your time😃
Gold
Rocket | Satoshi Club: Take your time please😊
Onion
Mixer: Our economic model is more reasonable, and we have designed this model
very philosophically. We are not a short-term shitcoin combined with the
punishment mechanism of community consensus. We’ll cross more chains. More
convenient and varied.
Onion Mixer’s anonymous transaction mining mechanism is similar to the
one in traditional exchanges. That is, every transaction made by a user on
Onion Mixer will be rewarded by percentage of OMT tokens.
After each coin mixing service, Onion Mixer will charge a fee of 0.1% to
1% per transaction depending on the chain. 50% of this fee will go to the team,
and the remaining 50% will be injected into the OMT transaction pool.
Anonymous transaction mining will encourage users to use Onion Mixer
protocol more often for coin mixing. For a mixing protocol, high-frequency
transactions mean higher anonymity; the fees charged from high-frequency
transactions will be reinjected into the mixing pool, which contributes to
improving the depth of the mixing pool and enhancing the anonymity effect.
Unlike traditional transaction mining, Onion Mixer’s “anonymous
transaction mining” incorporates an exit penalty mechanism to effectively curb
the speculative behavior of short term traders and further guarantee the safety
of transaction mining. This penalty mechanism also contributes to maintaining a
stable market performance of OMT, guiding users to rational and sustainable
investment, and guaranteeing the continuous and steady revenue growth of
investment.
Andrés
M. | Satoshi Club: Good point. I should recognize the innovative
capacity of onion mixer👏
Gold
Rocket | Satoshi Club: the penalty mechanism is a great feature!
Andrés
M. | Satoshi Club: Something else to add before the next question?🥳
Onion
Mixer: In order to enhance the value consensus of OMT tokens, Onion Mixer has
set up the OMT pstaking pool, which functions as a “revenue aggregator” on the
Onion Mixer protocol. Users can continuously receive dividends from the staking
pool as long as they deposit their OMT tokens into the pool, i.e. “holding
mining”.
The funding source in the OMT staking pool consists of two parts:
(1) Mining rewards: anonymous transaction mining and liquidity mining.
(2) External investment: users participating in crowdfunding or purchase
OMT third-party DEXs.
The staking pool’s revenue comes from the “exit penalty mechanism”, which
regulates that users are charged a 10% fee for each OMT withdrawn from the
staking pool. The penalty fee charged will be used in the following three ways:
(1) benefits for token holders
(2) adding liquidity
(3) burning for deflation
40% of the fees will be used to reward loyal token holders.
In this sense, holding OMT in the staking pool is a form of mining. The
larger the share of OMT held and the longer users hold it, the more dividends.
By combining the holding rewards incentive and exit penalties mechanism, Onion
Mixer can motivate to hold OMT for long term, which enhances the value consensus
of OMT. The rest 20% tokens will be burned in the Eater Address. The burning
mechanism contributes to token deflation!
Gold
Rocket | Satoshi Club: Sounds great 👍
Onion
Mixer: NEXT
Onion
Mixer: PLS
Q5 from Telegram User @antoni_azx
Onion Mixer aims to solve the problem of lack of
anonymity and privacy of crypto assets in the current blockchain, but will some
features like performance, latency and speed be sacrificed? How efficient will
your protocol be in relation to the other features?
Andrés
M. | Satoshi Club: You provide us very complete answers, thanks for it
Gold
Rocket | Satoshi Club: Thank you very much for the detailed answer!
Onion
Mixer: On this subject, I would like to share our roadmap with you!
The first phase, which is the product to be launched soon, will be
deployed on BSC. We believe that the technology and ecology of BSC can well
support the early development and transaction quality of this project
So the transaction speed you mentioned, performance will not be an issue.
At the same time, our first version of this code has been audited in
Certik, and security is definitely the first priority
Gold
Rocket | Satoshi Club: Safety first👍
Onion
Mixer: Given that most of the DEFI projects have been hacked recently, I’d like
to share a very strong proof
Gold
Rocket | Satoshi Club: Please share your roadmap🙏
Onion
Mixer: Before we launched the project of Onion, our team had already made an
experimental product, and the transaction volume reached 50 million US dollars
in two weeks without any marketing promotion or capital intervention.
The experimental product is still running steadily and safely!
The Onion’s technology evolved from this product, with a more
sophisticated economic model
Gold
Rocket | Satoshi Club: Amazing results🚀
Onion
Mixer: As mentioned earlier, launching BSC is the first stage of our product
design.
In the second stage, we will realize the
mixer transaction that supports multi-chain assets.
ETH, HECO, POLKADOT ….
Andrés
M. | Satoshi Club: Big events are coming for Onion Mixer👏 Don’t
forget to share the announcements with our community
Onion
Mixer: In the third phase, we will open the interface of the product so that any
DEFI project on any chain can access it for the protection of privacy
transactions.
In Phase 4 we will build Defi +’s privacy infrastructure. No more
streaking on-chain. done!
Gold
Rocket | Satoshi Club: thanks for sharing and for answers👍
Andrés
M. | Satoshi Club: Thank for the answer, now is time to proceed with
the last question of this first part of the AMA!
Q6 from Telegram User @Jonahapagu
Anonymous cross-chain transactions is one of the
unique features of Onion mixer, and one of the technology behind this is the
token shuffle approach it uses that combines CoinJoin and zero-knowledge proof,
so how does onion mixer remain anonymous across multiple chains using this
strategy, and on what chains can onion mixer currently have anonymous
transactions… another project using the coin mixing approach similar to yours
is Tornado Cash, so how does Onion mixer differ from Tornado Cash.?
Andrés
M. | Satoshi Club: Partially covered I think 😃
Onion
Mixer: I might say something offensive,
but yes, it’s all true.
First of all, there’s no denying that tornado are an excellent
project,Some of the anonymous trading project the market, in fact, their
economic models lack essence incentive mechanism
The effectiveness of privacy protection and anonymous trading products
does not depend on how much money is in the pool or how long it has been staked
in the pool. What matters most is the frequency and volume of transactions
The frequency of most transactions in current mixers is too small, so the
quality of anonymous transactions is difficult to be guaranteed.
Because they lack incentives for key indicators, you can see why they
haven’t been able to raise their capital because they haven’t tapped into the
power of retail investors
When we designed the mechanism, we thought about separating the real
users from the investment users.
Only 2.5 percent of users have a real desire to trade anonymously, while
the remaining 97.5 percent are there to increase transaction frequency and make
profits(mining)
The trading system designed based on this idea will increase the volume
of trading infinitely.
We can make the Onion protocol service all anonymous transactions and
achieve our goal of being an anonymous transaction infrastructure
Part 2 — live questions from
the Telegram community
Q1
from Telegram User @surendra040
INO is new to me! Can you explain me the difference between IDO and INO ? Do I require kyc to get whitelisted?
2, OMT has excellent economic model and application support, holding OMT can gain huge benefits
3. OMT holders can participate in the management of the whole ecology
Q3
from Telegram User @doithay1617
Security is the top priority of any project, how does Oinion Mixer protect users? Has Onion Mixer’s contract audited? @OnionMixer
Onion Mixer: Currently, our contract is in the audit process of Certik
In addition, we will set up a security reward when we go online,
These rewards will come out of our marketing partner budget, which can be followed by our announcements and community.
We are absolutely safe, and I say this with confidence because we have had a very successful experience.
Our code is tested by practice and time!
We have a lot of technical experience in previous projects, and we once launched an experimental product that reached $500 million in trade in two weeks without any publicity.
This experimental product has never encounter any problems, and we have all taken multi-signature wallets
It is difficult for hackers to steal assets
We will have a special section on our Gitbook to introduce our security. At the same time, we welcome the partners with technical strength to join us and contact us.
Q4
from Telegram User @Sinister_plays
For project development, the main priority is to have sufficient funds. Is your team financially able to carry out? Do you have sufficient funds for development?
Onion Mixer: First, team members went to a lot of money in this industry
At least everyone has millions of dollars of assets
Second, our project has just finished private sale and will launch IDO, it is not only for money, but more resources
Finally, we believe that all people involved in this project, for privacy, not for money
We will keep our initial vision and complete our mission
Q5
from Telegram User @Li5282
Where can I buy your tokens right now what is your current contract and how can I buy them?Will you have any other DeFI feature like staking, yiekd farm or NFT in the future? Can share a little about your roadmap?
Onion Mixer: Dodo will enter into deep cooperation with Onion,
Similarly, Dego will be working closely with Onion.
Please remember the following time points
We will start INO on DEGO on June 8th. The price is 0.0004U at 50,000 USD
We expect to launch IDO on Dodo on June 15th
For more details, check out our official Twitter and community
1. You can participate in INO IDO of DEGO and DODO, and you may have the chance to get the whitelist of INO or IDO
2. We will first enable liquidity in DODO, where users can double mine OMT and DODO tokens
3. Our contract is being audited at https://www.certik.org/ and is expected to be published soon!
In the future, we may add NFT and stablecoin exchange and lottery functions!
Detailed can look here: https://onionmixer.gitbook.io/onion-
Q6
from Telegram User @tatarrama
Name and logo quality are important to create a good image for your target audience. When designing the logo and name of your project, has it been ensured that it fully reflects the vision of your project?
Onion Mixer: Benefits of our name:
1. A good name is good for product publicity, and anonymity, of course, should pay tribute to Onions
Recently, many animal coins are not good, we don’t want to be the same as them, we want to lead a new wave, so we choose plants.
3. Mixer is more conducive to allowing users to understand the operation logic of our project
You can watch our gif again lol
Q7
from Telegram User @cryptofollower
Why there is a exit penalty mechanism on your staking system? Wouldn’t that scare the people from investing the project who thinks of investing and staking to a token?
Onion Mixer: It’s not really a punishment mechanism.
It’s a community consensus, whether it’s the Onion Protocol or the OMT token.
We need to balance the interests of those who use anonymous trading with those who engage in trading and mining, and the mechanism is there to ensure that everyone gains.
Trust me, the users who participate will experience the beauty of this model.
OMT is Onion Mixer’s governance token.
It serves the following purposes:
1. reward users
2. improve functions in the protocol
3. deployed on new public chains
4. adjust protocol fees
5. community governance
Q8
from Telegram User @Shaa93
Onion Mixer aims to provide people with an anonymous way to manage and trade their financial assets with lower fees, faster speed, and more decentralized governance. ” Lower #Fees and Faster #Speeds “. What is the transaction fee and transaction speed when use Onion Mixer? @OnionMixer
Onion Mixer: Transaction Fee: We will charge 0.1% of anonymous transaction amount in the first week, 0.2% in the second week, 0.3% in the third week, and in the fourth week, all OMT holders will vote on the amount of transaction fee.
Transaction speed: we are based on the BSC chain, the speed will be very fast, but if you want a better mixing effect, we suggest that you deposit more than 2 days after the withdrawal of the funds, so that the effect will be very good.
Q9
from Telegram User @andrey_seleznov
🖐 Hi OnionMixer! 🧅🙌
The idea of cutting off the links between input and output addresses is good for privacy but will no doubt raise a lot of noise from the government and anti money laundering agencies. Do you have a plan on how to make this approach work nicely within the legal boundaries across the globe?
Onion Mixer: The Onion agreement is completely decentralized. Once we launch the agreement, we will gradually relinquish the authority to manage the project and give it to the community with full autonomy.
We also have the opportunity to introduce a traceable version, where users can choose to switch between V1 and V2 versions.
It can be done to avoid on-chain monitoring and tagging, but it can be traced
Q10
from Telegram User @Robotliker1
What
will be the max circulation supply of
OMT? Is there any team tokens and will it be locked or not?
Onion Mixer: There are 100 billion OMT issued in total. The distribution plan is as follows:
1. Anonymous mining 70%: to reward users use Onion Mixer for coin mixing.
2. Liquidity mining 10%: To reward users who provide liquidity for OMT transaction pool from a third-party platform.
3. Team rewards10%: To rewards the team and products improvement as well as development, The probability of staying locked is high.
4. Presale investors 7%: To reward Onion Mixer’s early investors and TVL partners. 5% unlocked upon listing. The rest 95% will be released on a daily basis for 6 months.
5. Airdrop and marketing 2%: To support the ecosystem development and external collaboration. Unlocked as needed.
6. IDO crowdfunding 1%: For users participating in OMT crowdfunding.
In fact, our private investors’ unlocking rules are very harsh. But the fact that people are still investing in us speaks to the confidence that institutions have in us. We’ve just done a multi-million dollar private placement round last week. IDO and INO will be launched soon.
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of OnionMixer. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
