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 NFTify and our guest was @Nikita_Nguyen – CEO & Co-founder of NFTify. The AMA took place on 26th 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 again, dear community! We are pleased to announce AMA with NFTify
Today our guest is @Nikita_Nguyen!
Andrés M. | Satoshi
Club:
Welcome to Satoshi Club @Nikita_Nguyen
Nikita Ngan Nguyen:
Hi everyone. nice to be here today!
Andrés M. | Satoshi Club: We are glad to have you here Nikita!
Gold Rocket | Satoshi
Club:
Hello and welcome to Satoshi Club Nikita❤️
Nikita Ngan Nguyen: Wow. Your group is huge! love it.
Gold Rocket | Satoshi Club: We are very excited about the upcoming AMA, and you? 😊
Andrés M. | Satoshi Club: 18k members online excited for this AMA session🥳
Nikita Ngan Nguyen: Wow. So many active users. It’s great!!!!
Gold Rocket | Satoshi Club: Please tell us a bit about yourself!☺️
How did you get to be involved in crypto & NFTify?
Andrés M. | Satoshi
Club:
Let’s start with a short intro about you @Nikita_Nguyen😃
Nikita Ngan Nguyen: Sure. My name is Nikita Ngan Nguyen. I’m the CEO & Co-founder of NFTify.
I’ve been working in the IT industry for the last 12 years, and Blockchain in particular for the last 6 years.
Gold Rocket | Satoshi
Club:
Great background 👍
What is the essence of NFTify?
Nikita Ngan Nguyen: I’m a businesswoman first and foremost. It’s like a natural instinct for me to turn any topics into business :D… before NFTify, I am also the Co-founder of Ekoios – a Leading Blockchain & AI development company in Vietnam.
Well, first of all, NFTify is a platform where people can create an NFT store without coding.
Anyone can start a store, tokenize & sell NFTs right away instead of spending months and hundreds of thousand USD to develop something like Opensea, Niftygateway….
Gold Rocket | Satoshi Club: Wow! this is amazing👏👏👏
Nikita Ngan Nguyen:
This is actually the problem that we wanted to tackle when Ekoios got so many
request to develop NFT marketplaces over the last 1 year. With NFTify, we will
be able to lower the bar for everyone to join the NFT space.
Done.
Gold Rocket | Satoshi Club: Mass adoption per se?
Andrés M. | Satoshi Club: How did you choose the name?
Nikita Ngan Nguyen: Firstly, it’s about NFT so we start with “NFT”. And when we thought about what our basic features allow users to do, it’s kinda like the Shopify for the NFT.
So we took the “”ify”” from the already
well known and made it “NFT” + “ify” =
“NFTify””
😊😊
Gold Rocket | Satoshi
Club:
I like it😁
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 NFTify?
Nikita Ngan Nguyen: Well, it requires months of development for NFTify. In terms of development, we have released AI Services demo and the 1st demo platform with basic features such as: Register Store Account, Generate Store and Create/Edit NFT.
Here is our NFTify 1st Sprint Demo video outlining some basic features.
Gold Rocket | Satoshi
Club:
In fact, it looks simple enough. 👍
What features are you personally most proud of?😊
Nikita Ngan Nguyen:
The team is focusing on building NFT platform to allow users to create NFT
store. We follow scrum method, so from now until end of June, every 2 weeks we
will release 1 sprint. But like I mentioned, we will release the entire MVP by
end of June
Gold Rocket | Satoshi Club: Great news about MVP👏
Andrés M. | Satoshi Club: What makes you different of another similar projects?
Killer features I mean😃
Gold Rocket | Satoshi Club: Also, we would like to know about your team. Who is on the project team core?
Nikita Ngan Nguyen: Well, i would say: NFTify is the only platform to allow people to create an NFT store without coding, and customize it to make it their own brand.Our platform also provide Copyright protection which is probably what people are concerned about the most when it comes to digital content.
Definitely! I think that is one of the most important parts to give us the confidence to succeed. We have a veteran excellent blockchain team, led by my CTO Do Dinh Dong, who has over 15 years of experience in IT. The team has developed hundreds of Blockchain projects from scratch to finish for global partners for the last 6 years.
Our Ai team has developed products that have been deployed in the Vietnam traffic monitoring system, hospital and building management systems all around the world. Our BA (business analyst) team has tremendous understandings about the blockchain ecosystems. I am absolutely proud of and confident in my team!
Andrés M. | Satoshi Club: Where is based NFTify? Only Vietnam?
Gold Rocket | Satoshi Club: Really have something to be proud of!
Nikita Ngan Nguyen: I’m living in LA while the core team is in Vietnam rightnow. But we are a global project. We have partners all around the world
Andrés M. | Satoshi Club: Thank you for the intro Nikita, I think now our members are even more excited to learn more about your project😃
That’s why we have collected some interesting community
questions for you.
Gold Rocket | Satoshi
Club:
Thanks a lot for your great intro!
Nikita Ngan Nguyen: My pleasure!
Andrés M. | Satoshi
Club:
Let’s proceed🥳
Q1 from Telegram User @Josegamboac From the art world to sports, an alarming rise in counterfeits over the past decade has been destroying the value of collectibles markets. Non-fungible tokens (NFTs) are returning value to the collectibles market by providing a transparent and traceable record of the authenticity of a digital asset. NFTify adds even more value to digital collectibles with its artificial intelligence services to help protect copyrights and other attributes of NFT. But how does your copyright protection mechanism essentially work?
Nikita Ngan Nguyen: It’s a long question. I can see this guy really cares about NFTify.
With AI integration, whenever a store owner uploads his work to the platform, it is analyzed and alerted. And our AI will detect similar/fake content to have timely actions, including removing it from our platform.
Gold Rocket | Satoshi Club: Satoshi Clubbers love good projects ❤️
Gold Rocket | Satoshi Club: Great service! It’s very good that you are concerned about this.
Andrés M. | Satoshi Club: That’s a great idea to protect users
I think the question is correctly answered, would you like to add something before the next one? @Nikita_Nguyen
Nikita Ngan Nguyen: Yes, I think that’s what the artists are really interested in.
Let’s go to the second one.
Q2 from Telegram User @meml97 It caught my attention that one of the features the platform offers is Customization: “NFTify helps organize the layout of your store’s appearance through themes. It also supports store owners to customize and unlimitedly extend functions via Community’s plugins”. Can you tell us more about this? How will this customization through themes be possible? Also, what are Community’s plugins? What unlimitedly extend functions do they offer? Do users have to pay something to be able to make these custom changes?
Nikita Ngan Nguyen: Store owners will need to pay a small fee to set up. They will also be able to purchase plugins to customize their store in the future. The community plugins will help users improve: payment method, theme, information display, etc.,
Users will use our token, which is N1, to set up a store, purchase plugins to customize store, etc.,N1 will also be used to buy and sell NFT on NFTify.
Andrés M. | Satoshi Club: Talking about it, what are the main benefits for N1 holders?
Nikita Ngan Nguyen: N1 will be used for the platform governance… Everyone can hold NFTFY tokens as long-term investments cuz we are here for the long term. As a project that gets funded by investors and the community, we have to think for their benefits. We focus on the actual business of the platform after launch. We do believe in our ability to solve the real-world problem and will focus on getting NFTify in front of the people who will benefit from it.
Gold Rocket | Satoshi Club: Tell us please about your tokenomics btw.
Nikita Ngan Nguyen: Oh sorry. I have to restart my TG to see your question.
Gold Rocket | Satoshi
Club:
Np😊
Nikita Ngan Nguyen: Our full supply is 200.000.000 N1 tokens, with an initial supply of 12,300,000. Initial Market Cap is $980,000.
Gold Rocket | Satoshi
Club:
Thanks for your answers! Ready for the next question?
Nikita Ngan Nguyen: Yes.
Q3 from Telegram User @giovannialc We know that with NFTify the market forms are quite broad, giving users the possibility of producing money with the purchase of token at low cost to be sold at a high price obtaining profits that could double or triple the user’s capital, giving many the possibility of starting over either in your business or in a company, but this trade that has had an impact on others who are dedicated to NFTs in the market, that is, practically professionals, since they feel that they are throwing their money overboard that Causes this problem , because users more dedicated to the medium feel that they lose all or part of what they invest? How could they solve this by giving the stability that these users who have been in the medium for a long time want?
Nikita Ngan Nguyen: I don’t think I understand exactly the problem your raising here. Token price depends on many factors, of which developing the platform and its ecosystem, in order to improve utility and liquidity of the token, is what we’re in control of and plan to do.
For artists, they will have an infrastructure to sell their NFT at their own setups in terms of price, number of copies, royalty fee etc… on whichever network they choose
Gold Rocket | Satoshi
Club:
Thanks for your answer!
Can we proceed? Or you want to add something?
Nikita Ngan Nguyen: Pls continue.
Q4 from Telegram User @andrey_seleznov Hi NFTify! NFTify is built on POLKAFOUNDRY to overcome the limitations of Ethereum. As we know PolkaFoundry is a substrate-based parachain optimized for NFT and DeFi apps in the Polkadot ecosystem. Does this mean NFTify will not need to win a parachain auction by itself? What will happen with the project if POLKAFOUNDRY fails to win a parachain auction in the future? Will NFTify have to migrate to a different parachian in that case? How resource consuming may that be and will it possibly negatively affect users if this case comes to life?
Nikita Ngan Nguyen: Yes. To overcome current limitation of Ethereum, NFTify chose to build on PolkaFoundry, a powerful Substrate-based parachain optimized for NFT and DeFi apps, and will become part of the Polkadot ecosystem. PKF is going to audit for a slot soon. Right now, they are 1 of top 10 platforms on Polkadot, so we’re pretty ok
Done
Gold Rocket | Satoshi Club: I also think this is a great choice.👍
Thanks for your answer. Ready for the next question?
Andrés M. | Satoshi Club: Thank you for the clear answer😃
Nikita Ngan Nguyen: Yes. I can see all messages now. lol.
Andrés M. | Satoshi Club: Perfect.
Q5 from Telegram User @Jonahapagu Reading through the story of how NFTify was created, one of the challenges you mentioned that global startups and enterprises faced in tokenizing and selling of their digital assets as NFT’s, was the absence of a Shopify for NFT’s and how it would had taken them more than 20 months to create their own opensea.. How was NFTify able to build and create an e-commerce NFT platform in just about 12months, what were the key factors that accelerated the development of your platform within this timeframe and as an e-commerce NFT platform how do you intend to convince and attract top Global startups and enterprises to the idea of tokenizing and selling of their digital assets as NFT’s on NFTify.
Nikita Ngan Nguyen: We’re very fortunate to have a well-rounded and experienced team of both technical and business people. On the development side, we’re backed by Ekoios with a team of over 120 Blockchain & AI engineers. On the strategy and network aspect, we are backed by many of the top Tier1 VCs and well-known advisors such as Thi from Polkafoundry, Kyle from Master Ventures, Garlam from M6, Dr Deeban from GD10. etc., They will make sure we have all the connections, strategies we need to succeed. Lots of exciting discussions to build the ecosystem and partnerships are already going on before the launch of the platform. You should expect some major announcements soon. And the bottom line is, we believe in the mission of NFTify to be the captain NFT, to lower the barrier for everyone to join the NFT space.
Done.
Andrés M. | Satoshi Club: You have done a lot of amazing things with this project, but we would like to know what is coming in your roadmap? What is the major event coming for NFTIFY?
Nikita Ngan Nguyen: We have closed our fundraising, announced many major partnerships in IDO, marketing, technology integration etc., Most recently, we’ve partnered with DAO Maker on rewards pool, staking and with Faraland to launch its first gamified NFT store on NFTify.
In terms of development, we have released AI Services demo and the 1st demo platform with basic features such as Register Store Account, Generate Store and Create/Edit NFT.
Especially, we’ve just announced about opening whitelist, IDO timeline on to the community. We are confirmed to launch on Ignition and Redkite. The IDO date will be June 4th. You can go to our TG group for more details.
We’re having many ongoing conversations with other projects to onboard the artists to register and sell NFT on NFTify.
Andrés M. | Satoshi Club: That’s amazing, congratulations, how is the process to staking?
Gold Rocket | Satoshi Club: Perfectly! Faralend was at our AMA. great guys! please tell us about your partnerships а bit.
Andrés M. | Satoshi Club: Let’s join everyone😃
Gold Rocket | Satoshi Club: June 4th is very soon! I think you are all very excited! 🙏
Nikita Ngan Nguyen: Well, the gameplay will revolve around the Faraland NFTify store to create a gamified NFT store where the Faraland and NFTify communities will be able to trade in real-time.
Through NFTify, Faraland users can: securely store NFT-backed heroes and equipment on the blockchain, buy and trade heroes and rare equipment with other players, increase NFT Heroes value through unique attributes, trading, and game activities and also equip heroes with the best items and assign them powerful skills.
Andrés M. | Satoshi Club: Btw, is KYC needed to use your platform?
Nikita Ngan Nguyen: Yess. We’re so excited now and also very busy with a lot things to do :”)))
Yes. Store owners will need to provide KYC when creating a store on NFTify. Therefore, we’ll be able to communicate and clarify the issue.
Nikita Ngan Nguyen: I understand a lot of marketplaces out there don’t require KYC. But NFTify will focus on original digital contents to serve real artists and the people who value their arts.
Andrés M. | Satoshi Club: Thanks for the clarification. Is time to go with our last question of this part of the AMA, would you like to add something else before?😃
Nikita Ngan Nguyen: Let’s go-ahead.
Andrés M. | Satoshi Club: Yes, we understand is necessary💪
Q6 from Telegram User @Indomiekuy I read from your whitepaper, NFTly will integrate Defi features including lending, staking, and more. How does your lending and staking mechanism work I’m NFTly? To use your feature, do we need KYC?
Nikita Ngan Nguyen: In the next phase, there also will be a lending, collateral platform where people can collateralize NFTs to execute Defi transactions, and Gamified for gamers to trade Gamified NFT.
Andrés M. | Satoshi Club: Congrats, a lot of exciting events are coming👏
Nikita Ngan Nguyen: Many thanks.
Andrés M. | Satoshi Club: You’re welcome Nikita, thanks to you for your clear and great answers.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @sheikhhsaab After IDO of NFTify, are you planning to list #NFTify in Cex Exchanges?
Nikita Ngan Nguyen: We will plan to do so, of course. Hope we can be listed on CEX in the near futures.
Q2 from Telegram user @JuanBerbesi After creating my Nft without any expense as mentioned, can I offer my Nft at the price I want? And what currencies does your platform work so that they can buy it from me?
Nikita Ngan Nguyen: Yes. You will set the price for your NFTs. For the MVP version, you can just use our token N1 for purchasing.
Q3 from Telegram user @BJosefina61 What are your plans to integrate NFTs to DeFi, is the idea very challenging?
Nikita Ngan Nguyen: In my opinion, DeFi and NFT will exist side by side and complement each other’s shortcomings. In the DeFi market, you can trade, mortgage or lend with crypto assets, now you can completely use NFT as collateral.
Q4 from Telegram user @mucana NFTify realized that users can create NFT stores. Will they be able to sell all types of NFT products? Is there a limit to the quantity or product variety?
Nikita Ngan Nguyen: We will focus on digital content, more in the art world such as Image, video, music, gamified.
Q5 from Telegram user @Anjan336 I am excited for NFTify IDO so what platform you using for IDO of NFTify?
Nikita Ngan Nguyen: We are confirmed to launch on Ignition and Redkite on June 4th. The announcements have just been released in our channels. Please be sure to follow our Telegram and Twitter for more details.
Q6 from Telegram user @BlancaSdF Building communities is one of the most critical but essential points that leads the project to success. How is NFTify working to build communities that are faithful to the project and its mission and vision?
Nikita Ngan Nguyen: Community is a vital part of our project progress and we really appreciate and will take on board everyone’s comments and ideas as much as it’s possible. We value the impact on the community. Currently, M6 together with over 100 top KOLs are leading our marketing. Besides, we are partnering with many other NFT projects who already have great communities to bring the masses to the platform.
Q7 from Telegram user @atillayeni Do you plan to burn your tokens what is your tokenburn map?
Nikita Ngan Nguyen: Yes, we’re considering it.
Q8 from Telegram user @xperia3 What is PolkaFoundry and why did NFTiFY chose to build on PolkaFoundry? What are the benefits of PolkaFoundry when you compare it with others?
Nikita Ngan Nguyen: Better performance, Low network fees, and Cross-chain interoperability are the benefits when we chose PolkaFoundry.
Q9 from Telegram user @JuanBerbesi What type of security do they handle, how do they guarantee their users that investing or using their platform is totally safe and that our funds will be safe?
Nikita Ngan Nguyen: Users will have the Two-Factor Authentication, Prevent multiple failed login attempts, Encrypt data… Only save centralized data when needed. Coin / Token / NFT will be stored in the user’s wallet instead of on the platform. For smart contracts, we absolutely have an audit for security.
Q10 from Telegram user @Beterror203 How many use cases is your NFT unlimited?
Nikita Ngan Nguyen: Gamified, music NFT store will be first in the line. Next step, we will launch a secondary marketplace for people to trade NFTs without having to list them on another platform. We already have many partners and also ideas for add-on applications to give more ways of use to NFT owners. We are shaping the NFT world. So I can only tell you that it will be very exciting.
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 Ultra NFT and our guest was @david_ultra, @Huxley2, @CHUKURU11, @GiorgosUltra, and @Inart11 – representatives of Ultra NFT. The AMA took place on 26th 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 community! We are pleased to announce AMA with Ultra NFT
Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Ultra NFT!
Welcome to Satoshi Club😀
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club !
Mary | Satoshi Club:
David Ultra: Thanks!
Mary | Satoshi Club:
How’s going?😄
David Ultra: Everything is good 😌 how about you?
Gold Rocket | Satoshi Club: Beautiful Ava😍
Mary | Satoshi Club: I am fine as well 👍 let’s start our AMA?🚀
Gold Rocket | Satoshi Club: We are very excited about upcoming AMA😁
David Ultra: I am ready 🚀
David Ultra: Me too 😁
Gold Rocket | Satoshi
Club:
Introduce yourself please. How did you get to be involved in crypto & Ultra
NFT?
David Ultra:
Let’s start
Huxley Ultra:
Dear friends, hello everyone, my name is Huxley, co-founder of the project. I
worked in different projects for about 4 years. I am happy to be with you.
Gold Rocket | Satoshi Club: Welcome to Satoshi Club❤️
Mary | Satoshi Club: Welcome to Satoshi Club 👏
Ultra Hirola: Hello!
David Ultra: I am David,CEO of UltraNFT.I am in crypto since 2018 and I love crypto so much. I decided with my team to found UltraNFT
Mary | Satoshi Club: Hello 🤩 welcome here
Gold Rocket | Satoshi Club: Greetings 👋
Ultra Hirola:
I am UltraNFT advertising manager in crypto for 3 years
Gold Rocket | Satoshi
Club:
Nice to meet you guys!❤️
What is the essence of Ultra NFT?
Mary | Satoshi Club:
I see, you guys all are experienced in crypto😉
Ultra Hirola: Yes i have been involved in many projects now i work for UltraNFT
David Ultra: Yes 😊
Gold Rocket | Satoshi
Club:
It’s always a pleasure to deal with professionals👍
GIOVANNI: ı am experienced on Binance chain
Mary | Satoshi Club: Do you like it? Because of fees?
David Ultra: NFTs (non-replaceable tokens) are a special type of cryptographic token that represents something unique; Ultra NFT has focused on endangered natural wonders in the NFT market and making them a part of the NFT ecosystem. Since endangered animals are as unique natural wonders as NFTs, we use the blue-footed booby as the mascot for our platform.
GIOVANNI: All of crypto investors are liked very much. The future is Bsc.
Mary | Satoshi Club: But it’s not as decentralized as ETH, for example
David Ultra: It is new and It will be better in time
Giorgos [Ultra NFT]:
Hello Satoshi Club. I am Giorgos. Development team leader. I nice to meet you
here today
Gold Rocket | Satoshi Club: Protecting nature is a noble cause! And it’s great that you managed to combine this with crypto! 👏👏👏
Mary | Satoshi Club: Hello, Giorgos! Happy to see you here
So, what is the main sense behind Ultra NFT?
Gold Rocket | Satoshi Club: Nice to meet you! Welcome to Satoshi Club👍
Huxley Ultra: We specifically addressed this point
Giorgos [Ultra NFT]: Thanks, we are so excited to meet you. Ultra NFT is so young project.
Our main sense is absoloutly creating a new generation NFT
market to bring fun and safety to people who invest $UNFT
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 Ultra NFT?
David Ultra: Raising awareness for endangered creatures and provide a quality BSC project to investors
It takes time to develop a project but we have a great developer and we work 7/24 to bring it to our investors. We have lots of plans for UNFT
Mary | Satoshi Club:
Are your team public or anonymous?
David Ultra: This is our roadmap for MAY.
Gold Rocket | Satoshi Club: Oh! You will have a hot May!🔥
David Ultra: Public. We will have our Linkedin profiles soon
Mary | Satoshi Club: Oh, i see audit is coming 😉 can you tell us which firm did you choose for it?
Gold Rocket | Satoshi
Club:
Who is on the project team core?
David Ultra: Yes! We will publish our long term roadmap next week
Ah, actually it is already done 😊
Gold Rocket | Satoshi Club: Don’t forget to share with Satoshi Clubbers😉
Giorgos [Ultra NFT]: We will share lots of surprises next weeks 🙂
Mary | Satoshi Club: Thank you for sharing! You can update your May roadmap now😉
Huxley Ultra:
we will definitely have surprise activities
Mary | Satoshi Club:
It was incredible intro, guys!
Gold Rocket | Satoshi Club: Congratulations 🎊 it’s a big milestone👏👏👏
I suggest moving on to the community questions! and thanks for the great intro! 🚀
David Ultra: I am excited for their questions!
Q1 from Telegram User @andrey_seleznov You describe Ultra NFT as a new generation NFT marketplace on Binance Smart Chain. I know there are several competing NFT marketplaces opening as well as binance itself opening the NFT marketplace soon, Could you tell us what exclusive features you plan to have on Ultra NFT that will allow you to successfully compete on this field? Hint some exclusive promos or features for potential followers please?
Ultra Hirola: We will launch the nft market at the end of this month
Giorgos [Ultra NFT]: Our opinion to crypto is not only about a kind of finance meta. We can use NFT and blockchain for some games and fun as Lotteries, Pools and create rare art collections of musicians and CG artists
David Ultra: Yes, there are many NFT marketplace but we will be different from them. We will help nature and we will have some different features.We can’t tell this now but we will share it next week. We don’t want someone steal our ideas 😄
Gold Rocket | Satoshi
Club:
Perhaps you have any hints?
David Ultra: Exactly, people can earn $UNFT while playing games.
Mary | Satoshi Club: Gotcha😄
David Ultra: Virtual animals 🤭
Huxley Ultra: We make the necessary effort to protect the endangered creatures in nature and to raise awareness by raising funds for communities damaged by natural disasters. If there are any charities you can recommend, you can share with us.
Mary | Satoshi Club: Wow! That’s interesting! We will wait for more updates about this hint😉
Giorgos [Ultra NFT]: Collect some kind of virtual pets.
Gold Rocket | Satoshi Club: This is our secret with you. and also 70k+ Satoshi Clubbers🤫🤐🤭
Giorgos [Ultra NFT]: And daily activities on them 🙂
Maybe next times MMO kind games on blockchain MMB (Massive Multiplayer Blockchain) games
Mary | Satoshi Club: I love to feed pets😄
Giorgos [Ultra NFT]: All of us 🙂
Gold Rocket | Satoshi Club: Thanks a lot for these secrets from the developer! can’t wait to see it soon 🙏
Thanks a lot for the answers guys! Ready for the next question?
Ultra Hirola: Yes.
Giorgos [Ultra NFT]: Sure.
Q2 from Telegram User @johana0012 Ultra NFT aims to attract its investors and participate in projects that benefit its followers. It helps associations related to nature and animals with the income of all trades. Have you already selected which will be the charities that you will support? Who is in charge of the selection of the charity house? Will your north be just nature and animals or will they eventually add to other charitable projects? Will they support all kinds of animals or just a selected group?
Giorgos [Ultra NFT]: A short answer from me, actually yes we love all nature and animals.
David Ultra: We didn’t choose special charities for now.We will select trustwhorty charities.
David Ultra: It will not be only about nature and animals.
Giorgos [Ultra NFT]: We would like to support all organizations about nature and animals. If you know any organization in your region or country please share to us.
Mary | Satoshi Club: How you will select? Will it be your or your community choice?
Giorgos [Ultra NFT]: We will create polls to community. It will be community choice
Mary | Satoshi Club:
Awesome! You have great goals!
Gold Rocket | Satoshi Club: Green peace?
Huxley Ultra: We will share all of these with their evidence to our community.
Giorgos [Ultra NFT]: It can be. But we have not support any political organisations or events
Gold Rocket | Satoshi
Club:
Thank you very much for your answers and clarifications!
Mary | Satoshi Club:
Thank you, guys for your answers! Ready to go to the next question?😉
Giorgos [Ultra NFT]: Yes of course
Huxley Ultra: Yes sir.
Q3 from Telegram User Pixma00 While there are several charity tokens that address humanity’s problems, there is much to be done regarding other inhabitants of our planet. Future generations will judge us by how we care for the smallest creatures. And we at ULTRANFT have made it our mission to play our role in preserving the Earth’s animal diversity. Will charities only boost the animal ecosystem? Can you tell us a little more about the ULTRANFT project what it is for? Who was in charge of promoting this project? Can I really find auctions with real NFT prices?
Huxley Ultra:
Certainly, such events cannot be successful only with charities. The approach
of the human community to nature and its approach to animals in nature is the
best medicine.
Giorgos [Ultra NFT]: We are interesting in nature and animals, it’s ok but also we focused to fun and education with our products.
So our main project about UltraNFT is an NFT wallet. We will
publish a mobile NFT wallet for collectors and artists.
Our main goals are security, fun, valuable investments.
Mary | Satoshi Club: So, you also want to educate? How you plan to do this?
Gold Rocket | Satoshi
Club:
when are you planning to launch a mobile app?
David Ultra: We are in discussion with some advisors.
Huxley Ultra: We will determine this on our road map. It would not be correct to specify a date for now.
Giorgos [Ultra NFT]: We will create lots of educational games for kids on blockchain with NFT collections. It will about animals and natures.
We said that we have lots of extra surprises for our
supporters and investors
Giorgos [Ultra NFT]:
🙂
Mary | Satoshi Club: Wow, super👏👏👏
Thank you for your answers! Ready to jump to the next question?
David Ultra: Yes!
Q4 from Telegram user @Ajpaa Lottery and Games features will be available on Ultra NFT’s platform next month from your Roadmap. What is the modality and features of the Lottery and Games going to be like? Would the game be an Android version? How can we participate and play these games and How is the $UNFT reward earned? Thank you.
Giorgos [Ultra NFT]: Yes, next month you can play Lotteries and games on our website. But mobile will be soon. And yes you can earn $UNFT.
Mary | Satoshi Club: Is it already in testing phase?
David Ultra: They will be easy games for fun.
Something like that hahah.
Mary | Satoshi Club: Where are ducks?🤣
Giorgos [Ultra NFT]: Yes sure. But i want to explain this, our games are not casino games 🙂 As arcade, fps, platform games etc.
Mary | Satoshi Club: Got it!
Gold Rocket | Satoshi
Club:
Thanks for your answers!
Mary | Satoshi Club:
We will wait for all this to go live🚀
Q5 from Telegram user @Highpee Rather than have a general roadmap provide a projection of proposed project plans, you will be implementing a monthly roadmap. For this month, one of the thing you plan to do before May end is to launch your staking and farming pool. With 5 days remaining, this feature is yet to launch. Can you provide a preview as to how staking of $UNFT will be designed and when it is expected to start? On what platform will it be done? And since none of your token allocation is reserved for farming and mining, what reward will you be providing to yield farmers and where will you get it from?
Huxley Ultra: We plan to use ducks in better games
David Ultra:
We will move to long term roadmap next month.Staking/farming maybe first week of June.
It will be like shyrup pools on PancakeSwap
We will share all details next month!
Mary | Satoshi Club: Will it be live on your website?
David Ultra: Yes
Mary | Satoshi Club: Great! We will wait for it to start! Tones of upcoming events👍
Thank you for your answers! Ready for the 6th and last question from this part?🚀
Huxley Ultra: Yes!
Q6 from Telegram user @chzrles Considering that your project is almost a month old and you have already burned 50% of the total supply of $UNFT, can you mention how many donations have been made so far and how many lives of endangered animals have been saved?
David Ultra: We will donate weekly or monthly and the amount will be different as project size. Huge marketcap=huge donation. We need your support for huge donations!
Giorgos [Ultra NFT]: Our burning program is still active. 50% was just lunchtime burning. We burned when we reach 1000 and 2500 holders.
Mary | Satoshi Club:
Ok, can you tell me how it works?
You burn and donate?
David Ultra: No
Giorgos [Ultra NFT]: Burning and donation programmes are not same
David Ultra:
Mary | Satoshi Club: Oh , you just gave the names of animals for burning stages, right?😄
Giorgos [Ultra NFT]: Donation program is about our community.
Burning programe is about holders and our market cap.
Gold Rocket | Satoshi Club: Great infographics👍 btw
Giorgos [Ultra NFT]: Yes 🙂
Mary | Satoshi Club: Now i understand, it could confuse before😄
Part 2 — live questions from the Telegram community
Q1 from Telegram user @KhaleesiTheCryptoLady What are the ways to get and earn $UNFT? Do we need to download or install an app to play your games?
David Ultra: It is enough to buy and hold on your wallet! We have Auto-Staking!
Q2 from Telegram user @mucana Security is the priority in the crypto world. What has UltraNFT done differently from its competitors in terms of security? At what stage?
David Ultra: We audited by F.A.R., locked liquidity, and team tokens! UltraNFT is %100 safe 💪🏻
Q3 from Telegram user @highpee NFTs are known as Non-Fungible Tokens but you said your NFTs are NON-REPLACEABLE Tokens. Is Non-Fungible Token technically different from Non-Replaceable Tokens? How will users be able to mint their own NFTs and help to support the protection of dangered natural animal species?
David Ultra: No, they are the same. Users will be able to mint their NFTs on our platform. Connect wallet, upload image, text the information, and mint it. That’s all!
Q4 from Telegram user @Xusuo Ultra NFT is a project that will have NFT farm. I’m so excited with this feature. Can you explain about your NFT farm? We can farm NFT to get reward NFT?
Giorgos [Ultra NFT]: Yes, we will. We are developing farms with NFTs.
Q5 from Telegram user @Indomiekuy Ultra NFT already own token name with $UNFT token. Can you explain what are the function of $UNFT token in your ecosystem?
David Ultra: $UNFT has %10 tax in every transaction. %5 to liquidity and %5 to holders.This tax system helping to have strong liquidity and Auto Stake.Also people need use $UNFT for mint/buy/sell NFTs.
Q6 from Telegram user @KhaleesiTheCryptoLady What are the ways to get and earn $UNFT? Do we need to download or install an app to play your games?
Giorgos [Ultra NFT]: All of our games will be on UltraNFT’s official websites.
Mobile games are soon.
You can earn $UNFT as playing, sharing or level up in games.
Q7 from Telegram user @Korryl Can you share to us what user possible to do inside Ultra NFT platform? Do user can create and mint their own NFT for free?
David Ultra: Sell/buy/mint NFTs,play game and earn $UNFT ,lotteries,special NFTs and more.Minting NFT will not be for free but very cheap.
Q8 from Telegram user @Ratash97 You said that you will made huge donations monthly so how can we be assured that we are not being scamed ?
David Ultra: We will share all the documents and we may do the donations live on youtube/twitch.
Q9 from Telegram user @victorogb Are there plans for a CEX listing of $UNFT in the coming months?
David Ultra: Yes of course. We have lots of plans for them. We are planning our first CEX next month.
PART 1. Introduction of Mogul project and community questions.
Hello, Satoshi clubbers and guests of this site. Let’s talk today about the film financing platform.
Mogul is a decentralized film financing platform where all can fund the film together. Earning points that are redeemable for prizes like one-of-a-kind NFT.
Lisa Sun – @lisaamogul – Founder at Mogul. Will not PM you first or ask you to send crypto.
Introduction of Mogul project.
Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Mogul! Welcome to Satoshi Club😀
Andrés M. | Satoshi Club:
Our dear guest today is @lisaamogul. Welcome to Satoshi club!
Lisa Sun:
Hey Mary! Lisa here 🙂 thanks for having me!!
Andrés M. | Satoshi Club:
Welcome Lisa, how are you today?😃
Mary | Satoshi Club:
Welcome to Satoshi Club 😀
Lisa Sun:
A pleasure to be here 🙂 heard great things about the community
Mary | Satoshi Club:
Lisa, hope you’re fine today! Mogul is very interesting project, and we want to know all about it👍 And let’s start with the intro. Could you please introduce yourself and tell us more about Mogul?
Lisa Sun:
Yes of course 🙂
I’m the President and Founder of Mogul Productions. I’ve been an avid film financier and blockchain investor for years.
Finally, two years ago we saw the problem that film financing and investing was just so difficult! It lacked transparency, efficiency, and standardization.
So that’s why we started Mogul – with the mission to make film financing more inclusive, global, and transparent using blockchain technology and smart contracts.
Mogul is a DeFi and NFT platform for movies. It’s an exciting time for us right now because in the next month we’ll be looking to finance our first movie with the Mogul community and tomorrow we’re also doing our first ever NFT drop!
Mary | Satoshi Club:
Your mission is really cool! I never saw a blockchain project like Mogul😉
Lisa Sun:
Thank you! We feel it’s unique to have the blend of technical talent and Hollywood experts on our team
Andrés M. | Satoshi Club:
Which kind of movies do you have at the moment?
Mary | Satoshi Club:
Who are Mogul team members?😀
Lisa Sun:
Right now, there are 9 movies on our platform in our Showcase. These range from action, to comedy, to horror.
In one month we will have at least 3 more that we’re excited to unveil. The difference between the movies on there now and the ones that will be going on is that the next 3 will be ready to shoot their film as soon as they’re voted on by the Mogul community. Plus they have some big A-List names in the films that our community will recognize.
The producers of these films are also fully aligned to provide experiences and benefits to STARS holders throughout the entire production. That’s really important for us in choosing partners
Andrés M. | Satoshi Club:
Wow😁
Mary | Satoshi Club:
Can you share link to the movie here?😀
Lisa Sun:
Even better, everyone here can sign up at my.mogulproductions.com and see all 9 movies.
Mary | Satoshi Club:
Yes, that’s even better 😉
Lisa Sun:
For the next 3, we’ve yet to announce what they’re going to be. But we’ve reviewed hundreds of scripts from Hollywood to find the right ones that we feel are going to benefit our community and STARS holders, while also being commercially viable financing deals that will align with the transparent Mogul processes of using blockchain for financing
Mary | Satoshi Club:
Incredible 👏👏👏 Btw, do we need to pay? 😀 You did a great job 🤩
Lisa Sun:
Here’s an article in Cointelegraph about our investment in the Hollywood movie, Bonded:
Bonded stars Jason Patric
Lisa Sun:
Nope! Everyone signs up for free. In fact, just for signing up, you’ll get 1 STARS token for free once we launch our smart wallet.
Mogul is migrating to Polygon for its layer 2 solutions so that we can have free and instant transactions for all users. No gas fees inside our platform
For users who purchase STARS tokens, they just have more opportunities within the platform to buy movie-based NFTs, rewards, submit scripts, participate in farming, etc
Mary | Satoshi Club:
With each your answer everything becomes better and better 😂
Andrés M. | Satoshi Club:
I think the same, I love movies and blockchain😁
Do you have your own Mobile or smart TV apps?
Lisa Sun:
It’s on our roadmap to build the Mogul platform into a mobile app. Our goal is to onboard all movie fans to blockchain, and while looking at the data, many consumers now prefers to use their mobile device when browsing.
Andrés M. | Satoshi Club:
That’s true, as a movie consumer I usually use my phone to watch it
Mary | Satoshi Club:
Lisa, thank you for this awesome intro! I am even more excited to hear your answers to the questions from our community!
Ready for them?
Lisa Sun:
Sure 🙂 I missed this!
Our team consists of Hollywood and finance veterans and an incredibly talented development team.
We recently added Paul Sparkes, Canadian media entrepreneur, to our leadership group:
We also have Cindy Cowan (Oscar-winning producer) and David Cormican (Emmy-nominated producer) as well as actor Lyriq Bent (Tyler Perry’s Acrimony)
Andrés M. | Satoshi Club:
Thank you😃.
Preselected questions about the Mogul DeFi project.
Andrés M. | Satoshi Club:
Q1 from Telegram User @nadee5
Mogul is a decentralized film financing (DeFiFi) platform that connects creators, movie fans, and film financiers in one space to ensure the best films get made by giving everyone a voice. It’s a really huge concept. Please share the story which persuades you to integrate the film industry with blockchain technology? Are there any mogul team members related to the film industry.? There are various types of film industries around the world such as Hollywood , Bollywood, Pollywood. Which film industry is focused mainly? What are the productions(films) made by Mogul up to now? is there any?
Lisa Sun:
Tomorrow we also have our first ever NFT drop, where Marvel and DC Comics artist Rob Prior is becoming the first artist ever to create a piece of artwork and burn it themselves for the sole purpose of it living only as an NFT.
The video of him painting the NFT will be embedded into the metadata of the NFT, and you;ll see him burn the painting live on camera during the event. It’s the first time ever that a painting will be provably verified to only have one copy – and that’s on the blockchain
The story of Mogul really starts when our team heard the story of Deadpool in 2016 and that’s when we originally wrote the first Mogul whitepaper. Then we started development in 2018.
I had invested in movies before at the script level and it was a really poor experience. No updates were given, the financial terms of the investment were archaic, the first money into the project often got the worst deal, and there was no standardization.
One of the projects we invested in had a great experience engaging investors — they gave monthly updates with behind-the-scenes photos, told us who was being considered for casting, talked about business development, asked the investors for help and access to specific people in their networks, etc. As an investor or supporter, that’s exactly what you want to see! Transparency and good communication! And to feel like you have inside access to the project
That movie, which was called Bonded, grew a big and dedicated community that made the film very successful during a pre-production phase. This is we’re doing now with Mogul, but on another level with 100x the amount of engagement. And… as I said above, we’ve just announced that Bonded will now be part of the Mogul community and offering benefits and rewards for all STARS holders as they distribute the movie.
Deadpool was originally the inspiration to write the whitepaper; I’m sure many of you have heard of the film. With Deadpool, the movie was shelved for 8 years by the studio because they didn’t want to produce it based on the vision of the people involved. The film only came to be because a proof-of-concept trailer was leaked (“by accident”) by Ryan Reynolds. When the trailer was leaked on YouTube, it went viral and millions of fans demanded that Deadpool got made because they were so passionate and they loved the trailer.
Since then, Deadpool has become the highest-grossing R-rated franchise in movie history; and it never would have been made without the Fans.
Our advisor Cindy Cowan was really close to the original Deadpool team when this was happening and tells the story so well!
In regard to team members, our team is incredibly well connected. Cindy Cowan is a 4x Oscar-winning producer and won an Emmy just last year. Our team has a blend of financiers and filmmakers that make it the perfect blend. Very few groups understand finance and movies at the same level. Paul Sparkes on our team founded Difference Capital, which was recently acquired by Mogo and they’re now making big moves in blockchain as well.
In terms of the target market for movies, right now the expertise of our team is to focus on English language movies from Hollywood but we really want to add expertise to move into Bollywood and China eventually because these are huge markets and more importantly we have vibrant communities and ambassadors in each country
Piers Tempest on our team as well has a bunch of movies on Netflix you’d recognize. Love, Wedding, Repeat for example as one of the top watched movies on Netflix in 2020. David Cormican did the first-ever Netflix original deal with Netflix from Canada
Mary | Satoshi Club:
Long read, but it’s worth reading it!
Lisa Sun:
To summarize: Deadpool was the inspiration for Mogul because the movie only got made because the fans wanted it to happen. That’s what we want to do with Mogul and STARS and to become the future currency of Hollywood.
Our advisors also include Joel Comm and Travis Wright from Bad Boy Crypto, who are listed as the top 10 influencers in NFTs – so we’ve really assembled a team that has expertise on all fronts
Mary | Satoshi Club:
And I am sure you can do this!
Andrés M. | Satoshi Club:
Do you have connections with Ryan Reynolds?
Andrés M. | Satoshi Club:
Yes, it was a great milestone for the movie industry, a low budget movie becomes so profitable
Lisa Sun:
I don’t know him personally, but our team (Cindy) is connected with him. He’s high on our list to get as an advisor
Mary | Satoshi Club:
Thank you for your detailed answers, Lisa! Do you want to add something or we can go to the next question?😀
Lisa Sun:
I think that’s something that really differentiates Mogul from competitors – our team has the connections in Hollywood to make Mogul a success, and they’ve all bought into the Mogul vision for STARS holders and building community. Right now Hollywood is all about “who you know”. It’s hard to break into and there are a few people who make the majority of the decisions. We have calls every day with well-known, famous producers and decision-makers in the industry educating them about Mogul and what we’re doing and we’re lucky to be within arm’s length to speak with them.
Soon our community will be able to see the amount of business development that’s happening behind the scenes. So excited for what’s to come for Mogul and especially for STARS tokens as we strive to become the de facto place where Hollywood meets blockchain.
i.e. if you want to do a movie, you want to do it with Mogul because of the fan experience and audience you can create through our launchpad with STARS tokens. it’s the new wave of filmmaking and people are catching on
Mary | Satoshi Club:
I think in some years we will be proud that we know you, Lisa😉 Actually, now I am already 😂
Lisa Sun:
Ask away 🙂
Andrés M. | Satoshi Club:
Q2 from Telegram User @ysasoma
Nowadays there are many projects that not only offer NTF Collections to generate income, but also seek to support charitable causes of different indoles, so, have you thought about implementing a support system, do you consider this is an important issue that should be addressed in your project, if so, what would you like to focus on?
Lisa Sun:
It’s interesting you bring that up. Jon Karas from Akoin (Akon’s cryptocurrency) was just talking to us the other day about potentially working with Akon’s charitable causes to benefit STARS holders and offer experiences. He’s specifically opening a hospital in Kenya.
Doing good for the world is definitely high up on our list! When we are evaluating the scripts we receive, we also look for stories that are meaningful and change the viewer’s perspective after watching the film.
With Bonded, for example, it’s a deep story that the director Mo is extremely passionate about. It’s to shed light on the Mexican/USA border issues of slavery and the film is incredibly moving.
Our film team is creative at heart and when you can combine creativity and stories that change and move people through film I think that’s incredibly exciting
Mary | Satoshi Club:
What about your community? Can they make proposals?😀
Lisa Sun:
We’re always taking ideas from our community. I’m so proud of them! Whether it’s influencers we can reach out to, to what movies we want to finance (they vote with their STARS tokens), and which NFTs they want us to make there are many ways to get involved.
We actually just launched one of the world’s largest NFT contests with famous artist Rob Prior. All of our early community members get the first pieces of the NFT, and if you collect a certain amount, you get a part in a movie or $1 million.
With this contest, our community was able to vote on EXACTLY what they wanted Rob Prior to paint. They got to send suggestions and then vote on the outcome and actually watch him paint the NFT live on his Instagram show last week. And tomorrow at our Proof of Origin event he will be unveiling the final NFT that everyone will get for the contest
Lisa Sun:
This is the painting that the community helped make. They don’t know who the 3 faces are yet, but HINT: they are 3 famous people in crypto 🙂
Mary | Satoshi Club:
Even part in a movie sounds like a dream 🤩 Wow, your community very talented 🌟
Andrés M. | Satoshi Club:
Amazing design.
Lisa Sun:
Jon Karas will be joining our Proof of Origin event tomorrow and you can ask him questions about his charitable causes live 🙂
Mary | Satoshi Club:
Will this event be on your website?
Lisa Sun:
Rob Prior also hides a chicken head in every painting that he creates after he signs the painting. We may do a contest within the contest to see who can find the chicken head within this painting 🙂
Mary | Satoshi Club:
Ahaha, I want to find this head👍
Andrés M. | Satoshi Club:
Let’s do it haha
Lisa Sun:
Rob has painted for Snoop Dog, Brittany Spears, George Lucas, you name it… And now he’s an advisor with Mogul and I can’t wait for this event and auction tomorrow 🙂
We have gotten so many emails from people sharing the same excitement
Thank you, Lisa, for your answers! Ready to proceed?😀
Lisa Sun:
Yes of course
Andrés M. | Satoshi Club:
Q3 from Telegram User @Shaa93
I see Mogul Access Pass on the Web, can you tell me: what is the Mogul Access Pass, and what is the benefit that the user owns Access Pass? And why does Mogul Access Pass need to be divided into 4 levels including: ALL, VIP, Backstage, Red Carpet? What is the difference between these 4 levels?
Lisa Sun:
We distributed STARS tokens through our Access Pass sale, where users were purchasing varying levels of rare NFTs for exclusive access to experiences and rewards related to Mogul movies. We also recently announced a partnership with NFTY where we will have token-gated communities where NFT holders will be able to access certain chats with the Mogul team and famous individuals from Hollywood through their NFT access.
So, right now, Access Passes are not being sold, unless they are resold from someone who already owns one 🙂
Access Passes are NFTs that give you the ability to be part of behind-the-scenes, bespoke experiences related to Mogul. A benefit that has already occurred for these users is that they all are getting the first copies of the NFT that I shared above from Rob Prior!
In the future, we want to offer things like producing credits, tickets to wrap-up parties, red carpet event opportunities, visiting the movie sets, chatting with the actors/actresses, and more.
Right now, as a film financier, there are so many intangible benefits that you get… But investing in movies (especially good ones) is so selective. So we’re passing those benefits that many people will never get to experience onto Access Pass holders
Andrés M. | Satoshi Club:
Incredible, NFTs with real use-cases😃
Currently, where we can buy STARS tokens?
Lisa Sun:
The Mogul platform, Uniswap v2, Bitmart, and as of today, Probit exchange in Korea. STARS tokens are also required to buy any NFT, including to participate in the Rob Prior auction tomorrow!
Mary | Satoshi Club:
Can we stake, farm STARS?😀
Andrés M. | Satoshi Club:
Max supply?
Lisa Sun:
Yes, you can! We have a growth farming campaign that’s ongoing right now.
Right now I think the reward rate is about 1000% for STARS holders
Andrés M. | Satoshi Club:
Wow, don’t miss this opportunity Satoshiclubbers🥳
Mary | Satoshi Club:
Haha, that’s what we need👍
Lisa Sun:
Mogul is definitely a gem! 💎✋
Andrés M. | Satoshi Club:
Thank you Lisa for your clear answer, ready to proceed with the next question?😃
Lisa Sun:
Yes 🙂
Andrés M. | Satoshi Club:
Q4 from Telegram user @josewen
Mogul Quadratic Voting was created to encourage users to vote on films and governance proposals fairly. To cast votes, users must stake tokens. What does the Mongul team have in place to guard against undue influence from large token holders? Do you have any kind of rewards program to participate in the film industry program?
Lisa Sun:
So quadratic voting was made exactly for that reason – to make sure thart every user has a say in the voting process – not just large holders. Vitalik has written a lot about the benefits of quadratic voting:
Our voting is quite unique, as it’s a staking program coupled with quadratic voting. Users who vote earn STARS the same way as they would through farming for voting on the movie they want to get made.
Votes are counted using a quadratic formula, so if you have 90k tokens you’d get 300 votes, but if you have only 900 tokens, you get 30 votes. So proportionally, the users with fewer tokens (the masses and the power of the crowd) actually have a larger influencer on the vote versus the large holders.
The reason we designed it this way is because we want the voting to be representative of the power of the crowd; not just the power of a few token holders! We want to make movies that the fans want to see
Andrés M. | Satoshi Club:
Btw, users need to know that funds are safe, so have your contracts been audited? If yes, what problems did you find?
Mary | Satoshi Club:
For me, it sounds perfect. Do you already have some voting?
Lisa Sun:
Of course!! We work with two auditors, not one, for extra SAFU STARS tokens 😄
We work with Zokyo and Hacken, which are two of the best in the business. No contract goes out unaudited.
Mary | Satoshi Club:
Good choice 🤩
Lisa Sun:
We haven’t had a vote yet, but let me share an article that details our first-ever vote that will be happening soon 🙂
Thank you for sharing! 👏 And thank you for your answers! Are you ready to jump to the next question?😉
Lisa Sun:
Yes, I am!
Andrés M. | Satoshi Club:
Q5 from Telegram user @meml97
I read that on April 13th, Mogul announced their very first film to be financed via Mogul’s proprietary platform, Bonded. Can you tell us more about this as I read that it was a very touching story? Now that the production of this movie has been approved, on what other ways will the community be able to get involved? Will users be able to take a look at the production process of it? When will this movie be premiere?
Bonded is currently in post-production. They’re working on experiences and rewards right now that they will be offering STARS holders once the film is being distributed. Their plan right now is to premiere at a film festival and then hopefully distribute to one of the major streamers. No big news yet, but stay tuned 😉
It’s a very touching story and Jason Patric is in the film 🙂
Andrés M. | Satoshi Club:
We will be expecting that, do you have any announcement channel to follow?
Lisa Sun:
@mogulnews is the best place to stay up to date!
Andrés M. | Satoshi Club:
Let’s join everyone, don’t miss what’s coming😁
Lisa Sun:
And make sure to set a reminder to attend our event tomorrow on Youtube 😄
I just got the link, so wanted to share it:
Mary | Satoshi Club:
Thank you, we will join it!🚀
We wish you a successful premier 👏 and we will definitely follow your updates, right, Satoshiclubbers?😀
Andrés M. | Satoshi Club:
For sure. Well, time to proceed with the last question of this first part of the AMA😃
Lisa Sun:
Our community is very welcoming, so I encourage you to join our telegram channel. There’s always great discussion in there about the project.
Would you like to add something else before last question?
Lisa Sun:
Let’s move to the last question 🙂
Andrés M. | Satoshi Club:
Q6 from Telegram user @Jonahapagu
In one of your articles you were encouraging users to use their STARS tokens within the Mogul application for growth farming, voting, and more, as this will allow Your early supporters to earn many more tokens over time that can be spent within the Mogul application…. So how does your growth farming work, how does participation in your growth farming and voting process help your early supporters earn more tokens, and how will this tokens be spent within the Mogul application
Mary | Satoshi Club:
Partially covered 😀
Lisa Sun:
Growth farming and voting are both forms of staking. You stake your tokens and can earn more through each program.
In terms of spending the tokens, they’re used to purchase NFTs, rewards, and more. Specifically, tomorrow you’ll need them to purchase Rob Prior’s NFT that will be burnt and auctioned off 🙂
All STARS holders have access to voting and farming
Andrés M. | Satoshi Club:
6/6 thank you so much for your time and amazing answers. I think our community is so excited for your great project.
Actually, is time to interact with our dear community members into the live segment of the AMA😁
Lisa Sun:
This is part of the NFT that you could purchase tomorrow!
I won’t show the animated version just yet, but the animated version is the main graphic of the NFT, and then in the metadata the purchaser will have the full size JPG and a video of Rob actually painting the NFT.
Incredible
Andrés M. | Satoshi Club:
@lisaamogul we will open the chat and members will post their questions, you will choose your 10 favorites to answer. Are you ready for the storm of questions?🥳
Mary | Satoshi Club:
Lisa, are you ready for the storm of questions?😉
Lisa Sun:
I am ready
Andrés M. | Satoshi Club:
I love that movie!
Mary | Satoshi Club:
Let’s go 🚀
PART 2.Questions about the Mogul project from the live chat of the telegram community.
In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Mogul crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.
Q – 1 from a telegram user Deleted user
Copy question
Lisa Sun:
The goal of the Mogul platform is to onboard the masses from the film industry to the blockchain. That’s why we have partnered with Polygon and Biconomy and built our own smart wallet that will be launching soon. Crypto beginners will be able to sign up and use a blockchain wallet and have it feel like they are using Netflix!
Setting up a wallet is hard for people. And paying for transactions on blockchain adds friction. And, your average film lover isnt a blockchain expert, so we did a lot of research into building the ideal product to attract these users
The official currency of the Mogul NFT marketplace is STARS tokens. They’re used for all drops and every user will be required to have them.
We have some really big NFT drops coming up and plan to be the defacto place where Hollywood meets NFTs
Q – 3 from a telegram user @A_G_Balouch1269220
Hacking incidents can be seen even on systems with the world’s most secure infrastructures. Does your system secure enough from hackers?
Lisa Sun:
We have an extensive bug bounty program that our developers run and we also work with two of the best auditors for our smart contracts. Funds are SAFU
Q – 4 from a telegram user @surendra040
Apart from the movie industry any plan to go for the music industry and video?
Lisa Sun:
Right now the movies and television are the top priority as we enter the market, but esports and music are definitely part of internal conversations that we have. Especially when it comes to doign NFT collaborations with influencers
Q – 5 from a telegram user @Johana0012
Mongul offers decentralized Film Financing gives everyone a voice in the filmmaking process. Mogul will commission Rob Prior, a prominent Marvel and DC Comics artist, to create an original artwork that will be transformed into an NFT and shipped to Access Pass holders. This includes early supporters who, during the Access Pass sale, purchased at the Top Up tier, which is an option for users to top up their STARS tokens for in-app purchases. This is part of Mongul’s commitment to its fans as we add more utility to STARS, Access Passes and the Mogul ecosystem beyond the current DeFi and NFT use cases of cultivating growth and buying NFT in the market and over the years. auctions, and their traditional use cases. When will Rob Prior’s NFT “Wolf of Wall Street”, based on his original painting, be auctioned? What requirements must I meet to participate in this auction? Will this auction be held solely and exclusively on the Mogul platform? Can you provide more details about this auction? What benefits will it generate for the platform?
Lisa Sun:
The Wolf of Wall Street NFT is being auctioned off tomorrow! great question.
To participate, sign up at my.mogulproductions.com and make an account. You will also need STARS tokens to purchase the NFT. The auction is exclusive to the Mogul platform and when STARS tokens are used to purchase NFTs, a portion of them are burnt.
Q – 6 from a telegram user @lzamg
The STARS token is an ERC20 token. With the high levels of gas fees required for each transaction, don’t you think it’s a little inconvenient for users to operate with an ERC20 token, considering that $STARS is used for several things within your platform? Have you thought about integrating other blockchains?
Lisa Sun:
We do. That’s why we’re prioritizing Layer 2 development on Polygon as a next step of our roadmap for free and gasless transactions for our users
Q – 7 from a telegram user @xperia3
NFT’s would be very nice and fun investment especially for collectors. Will there be NFT’s from favorite stars and movies?
Lisa Sun:
More than just that! We will even have NFTs from movie scenes that users can collect. Expect MANY NFT drops from Mogul that have to do with movies and a lot of collabs coming up with well known movie industry professionals
Q – 8 from a telegram user @trabuimy
Is your project potential, give a reason why I should choose your project, not for a short time, but for a long time?
Lisa Sun:
We’re here for the long term. Our team has been making movies for over 20-30 years in some cases. This isn’t a short term project; we’re here for the long term.
The hosts referred to our market cap as being very low. Price isn’t something we speculate or comment on, but we’re very excited about the future of Mogul. Crypto goes through ups and downs in price, but the projects committed to the long term are always the ones that rise to the top. Our teamn has been around long enough to know that.
We have a large team that’s committed to the long term success and marketing of the project.
Q – 9 from a telegram user @Denybela
What do moguls have on the road map?
Lisa Sun:
Coming up, we have our first NFT drop, the first-ever decentralized vote of a movie, migration to layer 2, and the launch of our own recoverable smart wallet.
Q -10 from a telegram user @deleted user
Copied question
Lisa Sun:
It’s at the level for sure. It’s undergone extensive testing and auditing and is very safe. All audits will be published and extensive user testing will be done
Part 3 – Quiz about project
In the final part, we tested the knowledge in terms of the Mogul project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.
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 REVV and our guest was @mattsolly – the brand lead at REVV Motorsport. The AMA took place on 25th 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 REVV! Welcome to Satoshi Club😀
Andrés M. | Satoshi Club> Today we are glad to have our guest @mattsolly. Welcome to Satoshi Club! 😃
Matt Solomon> Hi everyone! Excited to be here, hello Satoshi Club!!
Andrés M. | Satoshi Club: Hi friend, how is going on?
Mary | Satoshi Club: Welcome to Satoshi Club 👏👏👏
Matt Solomon: Great thanks, hope you’re all well! Thanks for having me today!
Mary | Satoshi Club: We are fine and are excited to know more about REVV🌟
So, let’s start 🚀
Matt, usually we ask our guests to introduce yourself and their project 👏
Matt Solomon: Sounds good! Let’s get into it 🏎
Andrés M. | Satoshi Club: 🥳
Matt Solomon: Sure thing, first off I’m Matt – I’m the brand lead at REVV Motorsport. Previously, I was a racer myself actually. 👀 But more about REVV…
In brief, REVV is the utility token that powers the official motorsport content, games and NFT’s in the ecosystem that we are building at Animoca Brands and the only means to experience racing with Formula 1, MotoGP, Formula E, and more on blockchain. It is also a medium in which we bring defi and fintech concepts to gamers as well. Introducing true digital ownership and real value in games creating player-owned economies.
Right now, the vast majority of gamers (2+ billion of them) are playing with virtual assets and virtual currency, but actually they have no value beyond what that specific game allows. Blockchain changes that and REVV is the proxy for that in the world of motorsports gaming, and isn’t restricted by an individual title.
Mary | Satoshi Club: Why did you decide that you need blockchain for REVV project?
Matt Solomon: Well, with blockchain and NFTs, you’re able to have true digital ownership like mentioned. But I guess what’s even more important is how our games combine DeFi/Gaming/NFTs. This explains it well: https://cryptonews.com/news/revv-pick-of-the-month-report-revv-review-and-evaluation-8017.htm One of the things that we offer with REVV since day one, which some of the DeFi products still don’t, is a utility for the token itself. So anything that is earned through staking, or liquidity mining, has an immediate use within the ecosystem. This is the case with both REVV and our NFTs, such as the car NFTs in F1 Delta Time, which yields REVV when they’re staked. Staking of 2019-season NFTs lives right now. The pool totals 8,000,000 REVV with around 1 million REVV left this period. A lot of what we do is fully functional – these are events and systems that we’ve been running for several months now, with a token that has true utility.
Andrés M. | Satoshi Club: Are you from Hong Kong, right?
Matt Solomon: I am! Half Aussie, half Hong Kong-nese myself!
Andrés M. | Satoshi Club: What are your biggest milestones as a racer?😁
Mary | Satoshi Club: Yes, it’s the main reasons why the game industry is moving to blockchain👏
Matt Solomon: Had a couple of great memories… I won my first ever GT race in 2013, alongside Mika Hakkinen as my teammate (for those who are unfamiliar, he was a 2-time F1 World Champ, legend!), I also competed in F3 alongside guys like Charles Leclerc, Antonio Giovinazzi, and George Russell, who are all in F1 today!
Yes, it’s definitely the future of gaming – as a gamer, I really see the incredible value that blockchain brings to gaming!
Andrés M. | Satoshi Club: Is an honor to have you here.
Mary | Satoshi Club: Wow👏👏👏
Matt Solomon: Honor is mine! You guys have a great community, and I’m excited to share our project!
Mary | Satoshi Club: Who is on REVV team? How big is it?😀
Matt Solomon: REVV is a part of Animoca Brands, which means we sit alongside our sibling companies such as The Sandbox, Gamee, Quidd and more! Yat Siu heads the charge of course…
In terms of who we have coming to REVV, that’s to be announced soon!
Andrés M. | Satoshi Club: Thanks for the introduction, we have collected some community questions, let’s learn more about REVV through them, ready to go?
Mary | Satoshi Club: Your list is one of the best i have ever seen 👏👏👏
Matt Solomon: Sounds good, let’s do it!
Matt Solomon: Apologies for jumping the gun haha
Mary | Satoshi Club: Np🤣🤣🤣
Q1 from Telegram User @johana0012 REVV is a standard Ethereum ERC-20 token with commonly used interfaces. It also supports hiring whitelisted operators to provide unapproved REVV token transfers across the company’s entire contract ecosystem. This also provides the potential for frictionless native applications. meta transactions: the ability to drive transactions on the blockchain using REVV as a token payment for gas, without requiring the native ETH token at all. What are the main characteristics that this token fulfills? Is Revv the in-game currency of branded motorsport games produced by Animoca Brands, including F1 ® Delta Tim? Does REVV implement the ERC-165 introspection standard, with the following ERC-165 interfaces supported? Is REVV leveraged as a cross-title utility?
Matt Solomon:
Great question, so going back to what I said before in my false start 😓 REVV is the utility token that powers the official motorsport content, games and NFT’s in the ecosystem that we are building at Animoca Brands and the only means to experience racing with Formula 1, MotoGP, Formula E and more on blockchain. It is also a medium in which we bring defi and fintech concepts to gamers as well.
The token has utility across all our different games within the ecosystem and will continue to support future titles that we develop under REVV. We are exploring options to alleviate the issues surrounding gas, such as layer 2 solutions, of which we announced our partnership with Polygon.
In terms of ERC-165, you can see the chart below, with the following ERC-165 interfaces supported
Chart above i should say!
Mary | Satoshi Club: What benefits as a REVV token holder i will have?
Matt Solomon: Right now, we have F1 Delta Time with 2 seasons worth of content behind it, and a third launching this year. We have MotoGP Ignition releasing more card packs in the coming months, and Formula E going into it’s first season this year, so this is still very much the beginning. More motorsport IP (possibly drivers, teams, series) and cross-product features will be introduced, REVV specific NFTs and more seasons of content. There is a very long, exciting road ahead! The REVV token connects it all!
To give you guys some visuals, here’s a video of our F1 Delta Time game mode “Grand Prix” using NFTs to play
Andrés M. | Satoshi Club: Where we can buy REVV token?
Mary | Satoshi Club: You told packs😉 can you give us more info
Matt Solomon: There are quite a few places to buy REVV at the moment, first off https://revvmotorsport.com/ – but also:
Bilaxy
Uniswap
Sushiswap
Kucoin
Gate.io
Hotbit
Bithumb Global
MXC
Bittrex
Make sure you’re buying the right one! Here’s the contract address 0x89E8416eA5b69863CCb34D3A5C74A86bf5549147
And yes @madamlobster i did say packs haha
Mary | Satoshi Club: We are interested 🤣
Do you have any info you can share now about this event?😉
Matt Solomon: So far, we’ve done 2 drops for MotoGP Ignition – our officially licensed MotoGP game. We launched the collectible card packs on Flow actually – the blockchain of NBA Topshot!
The packs did incredibly well, selling out both times! The first drop, we did 9000 packs and sold out in 23 minutes actually! We will have more drops coming in the future, so stay tuned and head over to https://motogp-ignition.com/ to find out more!
Andrés M. | Satoshi Club: Thanks, a big list of important exchanges 👏
Mary | Satoshi Club: Also, I got a question if users will be able to buy packs with crypto next time?
We have some your fans here🤣
Matt Solomon: I know the team is assessing several options for future drops! For the initial drops, we wanted an accessible way for fans of MotoGP as well as crypto/NFT enthusiasts to engage with the platform. You guys can get all the up to date info on these events through our social channels
Mary | Satoshi Club: Thank you! We will follow REVV!
Andrés M. | Satoshi Club: Let’s join Satoshiclubbers.
Matt Solomon: In the meantime – please join F1 Delta Time too!
Q2 from Telegram User @Ajpaa The policy of BURNING and DEFLATION of token is the trend and sell point of several blockchain projects recently. Why did you decide that REVV token won’t be burned through use, but instead will be reintroduced back into the economy after it is used by players for gameplay fees and NFT purchases? What advantage will the reintroduction of REVV token bring to the ecosystem and community users. Thank you.
Since REVV is minted with a fixed supply, new tokens are only unlocked from the larger reserve when new projects are added. This ensures that there is a controlled release of the token.
Any REVV that is paid into the ecosystem in the form of content purchases and gameplay fees, ultimately filters back into the economy as rewards. The economy is designed to have REVV be reintroduced when earned. We are creating engaging, valuable content that encourages this REVV loop to exist.
Outside of the project needs we also do not burn tokens for legal reasons. Projects that burn tokens could be considered a security, we have received legal advice from some of the biggest law firms to ensure that REVV stays as a utility token which makes it safe for exchanges and not run into the kind of difficulties certain projects encounter.
Hey @AndresM77 you know what, I think I missed a couple places that REVV is listed, here’s a better visual representation!
Andrés M. | Satoshi Club: Thank you, Matt, the list is even bigger, congrats.
Mary | Satoshi Club: Are your team and IDO tokens locked?
Matt Solomon:
Yes there is a lockup period for the IDO and team tokens 👍🏼
Mary | Satoshi Club: Awesome 😎
Thank you for your answers! Ready to jump to the next question?
Matt Solomon: Yep!!
Q3 from Telegram User @doithay1617 REVV has been pre-allocated to the first titles that will provide utility to the token, which includes F1® Delta Time and MotoGP™ – up to 30% of total supply. Can you tell us about F1® Delta Time and MotoGP™? How do F1® Delta Time and MotoGP™ use REVV? Does REVV plan to allocate to other titles in the future?
Matt Solomon: Thanks for the question! You can refer to the graphic above, which shows the allocation to the different titles. Yes future titles will also receive an allocation!
To answer how REVV is used, in brief, it allows for the following:
Purchasing of NFTs: Keys, cars, drivers, parts, and events
Entry for the Time Trial, Grand Prix, and Elite tournaments
Staking and liquidity mining initiatives for content and other rewards
Both the Time Trial Mode, and Grand Prix game modes are live and playable today at www.f1deltatime.com. But in addition to REVV, players will also need to own F1 Delta Time NFTs, too. There is currently a 60,000 REVV pool being competed for right now – with an 8,000,000 REVV NFT staking pool at the same time!
MotoGP Ignition, and Formula-E also use REVV just as deeply – all features and content requiring REVV to participate and purchase – with each adding more utility to REVV. We also have big plans for the future of the wider REVV Motorsport ecosystem… so definitely stay tuned 🏎💨
Andrés M. | Satoshi Club:
Matt Solomon: 👍🏼👍🏼
Mary | Satoshi Club: Where we are able to stake and farm REVV now?
Andrés M. | Satoshi Club: Will you bring more titles in the future? Do you have any on plans?
Matt Solomon: We have a few ways that staking is used so far. The first release was to earn REVV through staking NFTs. We placed 2 million REVV for earning, and using the same method, we’ll put another 8 million REVV up. You can read about this here: https://f1deltatime.medium.com/the-second-round-of-2019-car-nft-staking-begins-on-22-february-2021-1a0aaad5d1d4
The staking of REVV is currently supported by our Elite Time Trial Event. The stake you provide allows you to participate in the event, and if you do participate, you’ll receive a yield on your stake. The amount of yield being directly related to your performance in the event. This is the latest event for staking REVV: https://f1deltatime.medium.com/elite-time-trial-event-segment-and-tower-special-is-here-46669d24d333
We definitely do! We are also bringing Formula E into the ecosystem – the premier single-seater e-racing series in the world!
Mary | Satoshi Club: 👏👏👏
Thank you for your answers, Matt!
Matt Solomon: We also have some exciting developments with the wider REVV Motorsport ecosystem, and will be announcing details shortly!
Andrés M. | Satoshi Club: Any approximated launch date for it?
Don’t forget to share the announcements with our community😃
Matt Solomon: We’ll have an updated roadmap, which I’ll update you guys on!
Andrés M. | Satoshi Club: Thank you Matt, ready for the next question?
Matt Solomon: Lets do it!
Q4 from Telegram user @Jonahapagu The recent integration of Polygon with REVV, is believed to come with a lot of advantages for REVV ecosystem, such as the switch to a full automatic claim system on rewards, and efficient implementation of the multiplayer system.. so how does this integration help improve the way users will be able to claim and receive their rewards on your platform, how will this lead to a better implementation of multiplayer system for REVV, and what are the other benefits that Polygon brings to your overall Ecosystem
Matt Solomon: Good one!
Yeah Polygon will be a huge boost to the REVV ecosystem indeed. I’m sure you’ve all interacted with the Ethereum chain in the last few months and felt the effect of rising gas fees… so one big benefit that Polygon will have, is that it minimizes transaction fees and will make your Play-to-Earn experience much more efficient through faster transactions.
Having the claim system will also be great for the players, as right now all the rewards are airdropped manually, so being able to claim them reduces that lag. Also, for the multiplayer aspect, having that added layer of on-chain trust and transparency is a win win!
Andrés M. | Satoshi Club: Btw, could you tell us more about your current partnerships?
Matt Solomon: Well at Animoca, the team are real veterans, having spent a good part of the last 3 years investing in a number of strategic partnerships in the blockchain space! It allows us to effectively navigate every aspect of the space, our partnership with Polygon being a great example of this!
Andrés M. | Satoshi Club: Is a great partnership, it will bring you a lot of benefits I think 👏 well job
Matt Solomon: Thanks! We’re excited for what’s to come!
Mary | Satoshi Club: Thank you for your answers! Ready to proceed?
Matt Solomon: Sure!
Andrés M. | Satoshi Club: Well Matt, is time to proceed with the 5th question of this exciting AMA😃
Q5 from Telegram user @xperia3 There are physical collectibles in REVV Motor Sport. What are the requirements to have be eligible for these collectibles and will there be more of these in the future?
Matt Solomon: You’re all eligible! That is, if you have REVV 😉 We recently launched a collection of physical collectibles with UNDONE. We auctioned 30 beautiful watches, made by UNDONE – the world’s leading bespoke wristwatch label. The auction was conducted with bids solely in REVV.
The sale itself was a hit! Selling out all the watches after the 3-day auction, totaling 556,177 REVV…
You can read more about the partnership here https://revv-token.medium.com/revv-motorsport-introduces-limited-edition-physical-collectible-revv-timepieces-in-partnership-with-c027e07bc3d2
We will definitely look to do more in the future, so make sure you have some REVV ready for the next collection we launch! Let us know what physical collectibles you’d like to see next…
Mary | Satoshi Club: Don’t stop! It’s awesome event👏
Andrés M. | Satoshi Club: Thank you Matt, btw could you tell us what is the major event coming for REVV in this 2021? Please share us your roadmap💪
Mary | Satoshi Club:
Matt Solomon: The team is still finalizing the roadmap! I’ll definitely share as soon as I have it
Big ones to look forward to, I’d say F1 Delta Time’s continuous development, MotoGP Ignition’s future drops, as well as release of the game. Formula E will be launching later in the year too! Then there’s also exciting stuff to come with REVV Motorsport and our partnerships, such as the one with leading e-sports and racing team Veloce!
Mary | Satoshi Club: Future drops are my favorites 😉
Thanks, Matt! Ready for the 6th and last question from this part?😉
Matt Solomon: Yep!
Q6 from Telegram user @garrinepotter I know that the REVV token has been used on OpenSea to buy some NFTs and that you have been working on bringing REVV to the Flow blockchain. My question is simple: which blockchains are currently available for the REVV token and what integrations await in the future?
Matt Solomon: Right now, REVV is still on the Ethereum chain as it is an ERC-20 token. We are pushing to bridge over to Polygon and Flow!
With Animoca, we also announced a strategic partnership with BSC, so that may be something that we look at for the future… https://bscdaily.com/the-strategic-partnership-between-animoca-brands-and-the-binance-smart-chain/
Andrés M. | Satoshi Club: Congrats for it Matt and thank you so much for your answers in this first part of the AMA.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Robotliker1 You mentioned earlier REVV players need to own F1 Delta Time NFT ,How do I get it and how many should I own it?
Matt Solomon: So to start playing, you need at least one car, driver, and set of tires from the same season. Right now we have 2019 and 2020 season content. These can be found on https://opensea.io/assets/f1-delta-time
You can also head over to our Discord, where some players put together ‘starter bundles’ for newcomers. This can be very helpful in getting started. We have 4 tiers to race in, A, B, C and D, depending on your team score, which is made up from the boost/scores of your NFTs combined.
Make sure if you buy a TEAM driver, that you have the TEAM car from the SAME season!!
Q2 from Telegram user @Derazy I do not see a portion for community engagement at REVV Tokenomic Chart. Don’t you consider community as an asset for your project? Can you explain?
Matt Solomon: The community is integral to both gaming and blockchain. We’ve been very lucky to have players want to get involved early in what we had planned, and we’re always wanting to listen to ideas and suggestions that they have.
We run social competitions such as Tweet campaigns and such, and events like we did during special holidays, where we did a calendar event, gifting to our players REVV and NFTs.
But we are going to go deeper, too. So one thing which has already become a staple in F1 Delta Time is the concept of Teams, and this is something we will support across the entire REVV Motorsport ecosystem, and how different player profiles can get involved – a player, a sponsor, and NFT owner.
Additionally, REVV Motorsport will be entering the world of UGC. We’ll be announcing more on this later, but user and player focused features are the only way to really grow when you’re looking to provide value to the assets that they own. This is doubly important when we deliver interoperability, and how communities and players across the REVV Motorsport games can cooperate, coordinate and player together.
We have great communities right now. MotoGP Ignition and F1 Delta Time have Discords, and then there’s our REVV community on Telegram:
Q3 from Telegram user @csgonub Is it possible to stake REVV tokens and earn NFT’s special to REVV project?
Matt Solomon: Keep your eyes peeled for LP events!
At the start of this year, we launched a REVV x SAND LP Mining event, where players were able to earn exclusive REVV-branded NFTs by providing liquidity for the REVV-SAND pair and then staking the pair’s Liquidity Provider (LP) token. That event has concluded…
BUT make sure you follow the channels to stay in the loop with future events like this one!!
Q4 from Telegram user @BJosefina61 In sports games, we not only like fun but also be able to interact with other users, my question is, what social or social interaction aspects does REVV have among its users?
Matt Solomon: We have a very active community on Discord both for F1 Delta Time and MotoGP Ignition!
We are seeing teams formed in F1 Delta Time, and that is a big part of the social interaction. Many of the teams have great ways to bring in new players, to teach them and get them up to speed to start their Play-to-Earn journey!! If you’d like to get started with REVV and P2E, that’s where I’d go, speak to the different teams – we have a great community who are always willing to help!!
Q5 from Telegram user @Xusuo I see REVV is a project which combines the Defi and Gaming NFT. I also hear about user possible to get passive income How does the user possibly get passive income?
Matt Solomon: YES! NFT staking is a part of our current F1 Delta Time ecosystem. For those who choose to stake their 2019 car NFTs instead of race them, they can earn passive income based on their rarity of car. Common earning the least, Apex earning the most. You can check out this article to understand more on how NFT Staking works in F1 Delta Time. We will have more developments in the future as our ecosystem grows, so stay tuned!
Q6 from Telegram user @lusiana_lambreth As an automotive project, do you have influencers or ambassadors who could attract a lot of interest from your future token holders? Of course, someone who is influential in the field of cryptocurrency, for example.
Matt Solomon: In terms of crypto influencers, we have strong ties with many of the prominent figures in the space! For example, the person who bought the first ever F1 Delta Time car “1-1-1”, and the first Apex Event Segment, is none other than the famous, Metakovan!!
We are currently in talks with several key drivers, riders, teams, and manufacturers in the motorsport space! Like mentioned before, we have partnered with a top e-sport company in Veloce, which have an active race team in Extreme E as well as manage Lando Norris’ esports team, Quadrant… more to be announced
Q7 from Telegram user @Josewen A fungible token is an asset that can be traded with tokens of the same type, so that a REVV token always has the same value and properties as any other individual REVV token. In which chains is the Revv token developed? What characteristics does the REVV token meet? With REVV can I transact in all games? What is the usefulness of the REVV token? How does the Play-to-Earn model work?
Matt Solomon: A lot of questions bundled here, but one that I want to explain is how the Play-to-Earn model works! Some of the other ones I believe have been touched upon already 😀
Play-to-earn is a key component of our REVV Motorsport ecosystem. F1 Delta Time is our current active game, with several modes allowing players to earn while playing. The time trial mode is a ‘team setup building’ game, which puts your composition to the test. You have to put the best team together for the particular circuit and weather. At the end of the week, top drivers will be rewarded REVV. The Grand Prix mode is our action-packed skill-based mode where players take their NFTs on track and race against the clock. Again, the top drivers at the end of the events get rewarded. Lastly, staking is a key part of our defi play-to-earn model, which has been mentioned several times! 👍🏼👍🏼🏎💨
Q8 from Telegram user @nadee5 Hello sir, Is your team anonymous?
Matt Solomon: Not at all!
We have a very strong team, spearheaded by Yat Siu!
Here are some of our advisors and team members:
Q9 from Telegram user @arbestefy Are you prepared for a big positive demand, is this how you would handle it?
Matt Solomon: We are prepared and ready for new players! We are constantly growing our ecosystem, with scaling solutions as a key step towards mass adoption! We welcome more players and collectors to be part of the REVV Motorsport Family…
Q10 from Telegram user @BlancaSdF My son is a lover of cryptocurrencies, should I teach him this platform, or is it not recommended for minors?
Matt Solomon: This is great! My little brother (who is 9) is playing F1 Delta Time! He loves cars and racing games, so why not earn some pocket money doing so!!
I believe play-to-earn for games on REVV such as F1 Delta Time, MotoGP Ignition are a great way for young kids to learn about the economics of games early! Don’t buy skins on traditional games, buy NFTs where you can have true digital ownership!
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 SUPERDOGE and our guest was @superdogefounder – representative of SUPERDOGE. The AMA took place on 25th 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 SUPERDOGE! Welcome to Satoshi Club😀
D. | Satoshi Club: Today our guest – @superdogefounder!
Welcome to Satoshi Club!
SUPERDOGE: Hi folks! Thanks for joining us.
Mary | Satoshi Club: Hello, welcome here, Superdoge😉
How are you today? Ready to save the world?
🦸
SUPERDOGE: Doing great thanks!
And yes, we are excited to help make the world a better place.
Mary | Satoshi Club: That’s awesome! Let’s start our AMA than, we want to know about SUPERDOGE as much as possible 🚀
And we will start from the intro 😉
Could you please introduce yourself and tell us more about SUPERDOGE?
SUPERDOGE: I am an older crypto enthusiast who has been in the industry since 2014.
SUPERDOGE is project that my team and I are extremely passionate about.
Our objective is to create a superhero version of Dogecoin with actual utility that helps those in need, provides a great investment opportunity, and allows our community to have a lot of fun along the way.
Mary | Satoshi Club: Nice goals! When did you start to work on SUPERDOGE?
D. | Satoshi Club: Are Musk’s tweets played an essential role in your decision to make this project? 👀😉
SUPERDOGE: The concept for Superdoge began at the start of this bullrun but actual development began around 2 months ago.
We saw strong interest in both Dogecoin as well as the BSC chain but were also noticing a lot of rugpull scams and projects that lacked development skills and long-term goals so we decided to build SUPERDOGE.
Mary | Satoshi Club: Gotcha 👍
SUPERDOGE: Musk’s tweets have been an interesting factor in this current bullrun but what really interested us was the marketcap of Dogecoin and the fact that 14 people controlled around 50% of the total supply and there was literally no utility or purpose for the actual currency.
Mary | Satoshi Club: That’s true😀
Thank you for your intro! It’s really story! We hope to hear more while you will be answering questions from our community 😉
Ready for them?
SUPERDOGE: You bet!
Q1 from Telegram user @kimterbear Researching about Superdoge, I came across to the teams behind Superdoge. I saw that you anonymously introduced the team in the image of iconic superheroes. Is there any reason why you chose to conceal information about your team? For a moment I thought of how superheroes don’t like revealing themselves so that the good deed they done will be the one recognized and not the superhero himself. Is this conclusion related to the reason?
SUPERDOGE: The reason our team is anonymous is because I have a very large project that I have been developing for over 3 years now that we are preparing to seek venture capital funding for.
My legal team suggested I remain anonymous until we have secured our funding and successfully launched our upcoming IDO.
The project involves quite a few large industry players and at this point in time it does not make sense for me to confuse potential investors with my involvement in SUPERDOGE.
Eventually, I will reveal my identity and the two projects will actually have some crossover and integration synergy at a later date.
D. | Satoshi Club: Got it, by the way who is your favorite superhero? 😉and i suppose your team are people who loves comics?
Mary | Satoshi Club: We hope to see your face in the nearest future😀 what about another team members? Are they also anon?
SUPERDOGE: When we were kids we all wanted to grow up to be superheroes.
This project allows us to relive a small part of that dream while helping others along the way.
We all love superheroes! I think as little kids we all fell in love with the idea of saving the world and having super powers.
My favourite…
Well, it would have to be SUPERDOGE!
D. | Satoshi Club: Nice choice 😁
Mary | Satoshi Club:
SUPERDOGE: Sure, at the moment there is no need for our team to reveal themselves as many are working on our larger project.
There are some members of the team like Emmy nominated writer Adam Gilad who has been happy to reveal himself.
Mary | Satoshi Club: Thank you, that’s clear! Ready to proceed?😀
SUPERDOGE: You bet!
Q2 from Telegram user @Ruttiee $SUPDOG is a deflationary meme coin that has a 6% tax rate applied to every transaction and 2% out of 6% is distributed to holders via a weighted distribution system. In other to better understand your project, can you please further explain to us how this weighted distribution system works? How will it be executed? Why make use of this distribution system? Does it have any advantage against other distribution methods?
SUPERDOGE: The weighted distribution system is quite simple and present in many other coins.
Instead of needing to stake your coins your balance simply grows every time a transaction takes place.
The more coins you hold, the larger percentage of that 2% tax is allocated to your balance.
D. | Satoshi Club: Do you burn any tokens or they all go to holders in one way or another?
Mary | Satoshi Club: But if user want more? Is there any way to stake or farm $SUPDOG?
SUPERDOGE: 2% of every transaction is burned from the system. 2% is redistributed to holders. 2% goes directly to our charity partner’s wallets.
Mary | Satoshi Club: It’s a cat🤣🤣🤣
D. | Satoshi Club:
Mary | Satoshi Club: Lol🤣
SUPERDOGE: At the moment there is no way to stake or farm Superdoge other than simply holding the tokens and watching your balance increase from the redistribution tax.
In the future, we will be releasing tokens for other characters in the SUPERDOGE universe which will be airdropped to SUPERDOGE holders.
These tokens will have their own unique charity partners and there will be a farming feature in place where you can pair your SUPERDOGE with these newly released tokens to farm additional coins.
Mary | Satoshi Club: This will be cool👍 thank you for your answers! Ready to jump to the next question?
SUPERDOGE: This will drive demand to SUPERDOGE and encourage people to buy and hold the currency to receive the airdrop and to have the ability to farm the SUPERDOGE universe characters associated coins.
Yeah you bet.
Mary | Satoshi Club: Sure 🚀🚀🚀
Q3 from Telegram user @josewen The objective of SuperDoge is to help many charities in order to improve a little the quality of human life of some people who really need it. Who is in charge of choosing which charity the money will be donated to? Is there a time limit for each donation? How many charities is SuperDoge currently supporting? What is each of these charity sites dedicated to?
SUPERDOGE: The first 3 charities were selected by myself with the help of some of my friends.
As the world faces a global pandemic the need to support charity is stronger than ever as the opportunity to raise money has diminished greatly due to both the economic downturn as well as the lockdowns which prevent traditional fundraising methods.
In the future, the community will choose which charities to support via a voting system.
Currently, we support 3 charities whose wallets are publicly visible.
Wells Bring Hope drills water wells in the poorest country in the world, Niger, in Africa.
So far our contributions have been able to drill over 18 wells and is we are told will change the lives of an estimated 20,000 people.
Child Enrichment provides services to children who have been the victim of neglect or abuse in the foster care system in America.
We have been told that our donations will allow them to construct an addon for their facility which will allow them to help more children and they are considering calling it the SUPERDOGE therapy room.
Clare Matrix helps the homeless population in America deal with addiction related issues and helps with the recovery process to make sure affected individuals are able to get their life in order and get back to their families.
Our donations have allowed them to continue to service their communities during this difficult time.
We have successfully taken a comic book superhero that would save lives in comic books and tv shows and achieved that reality in real life!
This project has been truly rewarding and the charity aspect is certainly everyone’s favourite aspect.
Mary | Satoshi Club: So, donations goes strict to that organisation’s wallets, right?
D. | Satoshi Club: That’s very nice!
How process of future voting will be looks like? Will holders need to stake tokens for voting?
SUPERDOGE: Correct this is hardcoded and locked in the smart contract so there is no way for the addresses to be tampered with.
Every 3 months this aspect of the smart contract unlocks briefly where we can make adjustments according to the communities wishes and then lock the contract for another 3 month period.
We have not built out the voting platform yet but it is a top priority for our team.
We expect to have a portal on the website to facilitate this process about a month prior to the contract unlock date.
Mary | Satoshi Club: Btw, did someone audit your smart contracts?
D. | Satoshi Club: Understood.
SUPERDOGE: Yes, we have been audited by BSC Checker and are currently being audited by the industry-leading security firm CertiK.
Mary | Satoshi Club: Great! You choose good audit firms!
Thank you for your answers! Ready to go to the next question?
SUPERDOGE: Transparency and trust are at the heart of our mission.
D. | Satoshi Club: Especially Certik, which’s a top firm 👀👍
SUPERDOGE: Yes, I am ready.
Q4 from Telegram user @Cristubista Currently, there are many emerging meme currencies, which have a short time to boom and then fall into oblivion. SuperDoge could be established in the long term?
SUPERDOGE: We created this project with a long-term vision in mind.
Our objective is to build a global brand with the SUPERDOGE franchise and release all kinds of products ranging from comic books, animated shows, merchandise, collectible cards, and more.
The goal is to provide a strong competitor to DogeCoin with actual utility, along with a properly equipped development team, and marketing partners.
We are currently working with https://transformgroup.com/ who are considered to be the leading blockchain PR firm in the world.
They have gotten us mentions and writeups in Bloomberg, CNBC, Financial Post, and more.
We also have some other big partners coming on board in the near future but I will save that surprise for a later date.
D. | Satoshi Club: Nice, also i want to ask about other chains, any plans to launch SUPERDOGE on Ethereum?
SUPERDOGE: At this point in time, there is no desire to launch on Ethereum as the gas fees are a problem for the time being.
BSC seems to dominate the meme coin industry during this bull run but things could change quite quickly as new technologies emerge.
We will be prepared to pivot if and when it makes sense.
D. | Satoshi Club: Got this, thank you!
Mary | Satoshi Club: But ETH has a lot of L2 solutions 😉
SUPERDOGE: Yes, they are coming, and we will be ready;)
At the moment the gas fees are a bit of a killer.
Mary | Satoshi Club: I understand you 😀
Thank you for your answers! Ready to proceed?
SUPERDOGE: Yes, you bet.
Q5 from Telegram user @Manugotsuka ⚛️ The second quarter of Superdoge says that it will be integrate into something called ”UNIROCKET” so I really don’t understand what do mean by it, it’s something related to Uniswap?
SUPERDOGE: To be fair this is a silly question
Unirocket is a price bot for Telegram
Mary | Satoshi Club: Really?
SUPERDOGE: Surely, there are more important questions related to the project that the community would like to know about.
Mary | Satoshi Club: We will be happy if you tell us about the things which you think our community should know👍
SUPERDOGE: Our project is relatively new with a modest marketcap of 3 million dollars.
We have crushed our initial roadmap that was estimated to take 3 months are now working on Q3 milestones.
For more information on SUPERDOGE please visit www.superdoge.io
Mary | Satoshi Club: You have very ambitious goals, but i am sure everything is possible for superheroes!
Btw, our 6th and last question from this part about one of your goals 😉
Do you want to answer it?
SUPERDOGE: Of course.
Please, ask away.
Q6 from Telegram user @mctrho In Q3 2021 you plan to start the development of the SuperDoge NFT comic series and the development of the SuperDoge NFT cartoon, can you tell us a bit about this? What will you bring to the project? Will it be a significant implementation?
SUPERDOGE: As I mentioned previously our objective is to create a global brand with SUPERDOGE.
Creating a comic book series and animated web series that are dropped as an NFT to top holders is one piece of that puzzle… But there is much more in store as well.
We have a world class writing team and connections to brilliant artists and animators who are veterans in the comic book world.
Putting the pieces of the puzzle together to accomplish these goals will be a challenge but is also something we are confident we can achieve at a very high level.
With that being said, we also need to create utility alongside collectability.
That is where our trading card / battle deck game comes into play along with the additional currencies we will be airdropping to holders where users can farm tokens on top of their redistribution rewards.
We also have some advertising utility in the pipeline related to SUPERDOGE which is connected with our larger project.
D. | Satoshi Club: Cool! you will be working only on NFT format of comics, there will be no physical edition of comics?
SUPERDOGE: There will be digital versions of the comic and web series for everyone to enjoy and perhaps sometime in the future we will have the resources to create physical copies as well.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @KhaleesiTheCryptoLady How will you ensure that SUPERDOGE will not be the same as those lot of rug pull scams in BSC network?
SUPERDOGE: Our liquidity is locked on DX SALE for 79 years until the year 2100.
A rug pull is not possible until I am around 120 years old so make sure you have your guard up at the turn of the century;)
Q2 from Telegram user @potentialsake Where can I find your whitepaper and your tokenomics?
We have applied to Coinmarketcap and expect to be listed soon.
Q6 from Telegram user @ronaldo_super Do you plan to add mini games into the project in the future?
SUPERDOGE: We plan to add a battle card game similar to Hearthtone or Pokemon where you buy packs of cards and create battle decks where you can battle other players.
We aim to provide an online experience where each player pays to play a match and the winner takes 80% of the pot.
A portion of the remaining percentage will go to charity, a small percentage to the house to continue development, and the rest will go into a pool that will be awarded to the top players of each season.
We are also working on a SUPERDOGE GO aspect similar to Pokemon Go where you can collect NFT’s in an augmented reality environment that can be combined to create ultra rare cards for your battle deck.
Q7 from Telegram user @A_G_Balouch1269220 Most users only care about immediate benefits rather than the real value of the project in the long term. How can Your Project convince users invest to in your platform in the long-term???????
SUPERDOGE: Dogecoin is around a $43 Billion dollar marketcap at the moment, we are at a $3 Million marketcap.
The opportunity to get in early is still very much available and if you share our vision and like what we are doing we believe that now is still a great time to get involved in a long term investment.
Q8 from Telegram user @SeanFromNL Will you allow donations to animal charities? Seeing as Superdoge is a dog.
SUPERDOGE: We absolutely will be looking to donate to animal charities in the future.
As we expand the SUPERDOGE universe and cast of characters we will be airdropping new tokens based on those characters who will have their own charities attached and we surely expect to see a wide range of additional charities supported including many animal causes.
Q9 from Telegram user @CrisTubista How do you ensure the integrity of funds earmarked for charities? Are these transactions verifiable? On the other hand, can we select through governance the organizations that can apply?
SUPERDOGE: All of our charity partners have publicly acknowledged receipt of our donations on social media.
We are super excited to be a part of this crypto launch as one of three nonprofit recipients. Thank you @SUPERDOGEio for this opportunity. SUPERDOGE to the rescue!https://t.co/nSB4ZjTy6H
We have had about 10 additional charities apply and although we won’t be able to help all of them we will build out a voting platform that will allow our community to select which charities we support in the future and we will always execute this in a fair and transparent way for everyone involved.
Q10 from Telegram user @h1drX I was struck by the dedication published on your website to a dog named Leme if I’m not mistaken, it shows that it was a very special animal for its owner and for the entire project, I would like to find out more about this, what Leme meant for SuperDoge ? This project was started for Leme?
SUPERDOGE: Leme was a very special dog that belonged to one of our developers who sadly passed away during the development of SUPERDOGE.
She will be missed but not forgotten as we plan to turn her into a cartoon character who will act as SUPERDOGE’s trusted sidekick for eternity.
Keep an eye for rare Leme collectibles and a Leme currency in the near future.
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 Munch and our guests
were @MS3081 and @rodresendesilva. The AMA took place on 24 May.
The
AMA session was divided into 3 parts with a total crypto reward pool of 500$
In
this AMA Recap, we will try to summarise the most interesting points for you.
Part
1 — introduction and questions from the Telegram community
Gold Rocket | Satoshi Club: Hello, dear community! We conclude our today’s AMA
marathon series with Munch.
Andrés M. | Satoshi Club: Today we are glad to have our guests
@MS3081
@rodresendesilva
Mike:
Hi everyone, pleasure to be here
Rodrigo Silva * Don’t send me ETH *: Hi there how’s everyone feeling today? Thank you so
much for having us ❤️
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club @MS3081 and
@rodresendesilva❤️
Andrés M. | Satoshi Club: We are excited for this AMA session!
Mike:
me too!
Gold Rocket | Satoshi Club: Let’s start!😁
Introduce yourself
please. How did you get to be involved in crypto & Munch?
Rodrigo Silva * Don’t send me ETH *: I can start
Gold Rocket | Satoshi Club: Tell us please about your position in Munch.🧑💻
Go ahead😁🚀
Rodrigo Silva * Don’t send me ETH *: Hi everyone, my name is Rodrigo and I’m the CEO of
$MUNCH project. I got involved with crypto from an investors’ point of view, I
started investing on the main cryptos and progressed onto DeFi, so I could find
the small market cap gems.
During this process, I
invested in a token that setup a wallet for donations and donated $70k to an
animal shelter… this made me feel really good and I started to think that
would be amazing if we were able to create a token that would include automatic
donations on its tokenomics, as a result, $MUNCH was born!
Andrés M. | Satoshi Club: Don’t worry, we will fix it, let’s proceed with the
intro
Great background, what
did you choose to progress into DeFi?
Mike:
Hi all, I’m Mike and I’m the COO of Munch Project. Similar to Rodrigo I’ve been
investing in crypto since 2017, and in high-growth startups since 2013. My
background is in leading product development and strategy for financial
services companies such as Amex, Barclays and a number of fintech/Neobanks. I
also served as a startup advisor and investor for a number of notable UK tech
startups.
Gold Rocket | Satoshi Club: Great experience + great idea = successful business👍
Rodrigo Silva * Don’t send me ETH *: I love the concept and the freedom provided to
aspiring entrepreneurs, as it’s fairly easy to kickstart a project. From an
investment perspective, it’s also the place where you’re more likely to find
100x-1000x gems… like $MUNCH 🙂
Gold Rocket | Satoshi Club: Your achievements are impressive👏
Tell us about the
benefits of your project. How is it different from others?
Andrés M. | Satoshi Club: I agree
Gold Rocket | Satoshi Club: What is the essence of Munch?
Rodrigo Silva * Don’t send me ETH *: The main differentiator in our project is its
unique tokenomics system. We developed our contract in a way that a % of each
transaction is automatically converted to ETH and sent to the charity wallet.
This has many
advantages, such as:
1) The process is
trustless – All the transactions are performed by the contract and as a
consequence, they can be verified in the contract’s internal transactions tab.
2) Our asset is stable
– Since the swap is performed on each transaction, this doesn’t affect the
price of our coin, opposite to some other projects that cause a massive sell
when donating or have to burn tokens to keep the price stable, which is not
sustainable for years.
3) No manipulation –
Our donations happen on each transaction, so it’s a spontaneous process
Gold Rocket | Satoshi Club: Also we would like to know about your team. Who is
on the project team core?
Mike:
Munch is a charitable DeFi project where our community ‘gives back’ and ‘gets
back’. We’re leveraging cryptocurrency and blockchain technology to involve
everyday crypto investors in supporting charitable causes, and this is done by
using an efficient and trustless donation system. Because of the enormous
problems we are solving, we strongly believe the value of our project will grow
exponentially so our community members and investors will receive great returns
in the process. For example, for all product development we do at Munch we
focus on enhancing our token utility so it can provide more value to our
community and investors in the long run.
Gold Rocket | Satoshi Club: This is a truly unique solution👍
Andrés M. | Satoshi Club: Well done, we must help each other
Gold Rocket | Satoshi Club: What I like the most is the combination of crypto
and charity. 👍❤️
Andrés M. | Satoshi Club: 👏
Rodrigo Silva * Don’t send me ETH *: It’s quite unique as it was developed after
analysing all the flaws existant in the current projects. It’s very common to
setup a wallet and ask your holders to donate, but in the long run, one person
can only donate so much. Our system is facilitating donations on each
transaction, so the process is flawless.
Another important
aspect that we need to mention is that we have a percentage that also reverts
back to the holders, as an incentive to hold we are generating passive income…
which makes this a win-win situation for both investors and charities!
Mike:
In our core project team we have Rodrigo and myself as CEO, and COO. We have
recently recruited Antony Gardez as CTO – Antony was an early Munch investor
and has an impressive BG in co-founding a successful tech startup with offices
in 4 countries.
We have our technical
lead Rafa, Pedro our head of design,
Project lead Roughan who looks after internal technical projects and
exchange listings, Jon our comms lead, Pete and Matt who looks after business
development, charity partnerships and Munch merch/lifestyle. and we have an
extended Munch team and our community that supports us a great deal across many
aspects 🙂
Andrés M. | Satoshi Club: Is so recognizable the job you are doing guys,
let’s learn more about your project through the community questions we have
collected😃
Gold Rocket | Satoshi Club: Btw.. How long does it take to develop a project?
Mike:
Further info on team members can be found on our website.
Andrés M. | Satoshi Club: Where is based your project?
Gold Rocket | Satoshi Club: thanks for the answers👍
Rodrigo Silva * Don’t send me ETH *: Took me 2 weeks to develop the contract, pitch it
to my team and early investors, setup the site and the rest is being developed
as we go… the main advantage of running a community project is to use the
community so we are actively taking suggestions and improving.
Mike:
Our team members are predominantly UK based but have extended team members
across the globe 🙂
Andrés M. | Satoshi Club: Thank you for the clear and informative
introduction, time to proceed with the first question of this part of the AMA🥳
Gold Rocket | Satoshi Club: it is very important to be flexible in the crypto,
this is a very rapidly developing industry
Rodrigo Silva * Don’t send me ETH *: Let’s do it!
Q1 from Telegram User @yellowchamp
$MUNCH transaction fees are redistributed between
your users and the causes they support.The Yellow
Brick Project is the second charity supported by MUNCH, following GiveWell
which received over 735 ETH from MUNCH transactions, sold for over $2.2M USD.
So can you tell us why did you decide to support some charity? How did your
platform choose which charity to support? Aside from transaction fees being redistributed
to causes charity,can any users or investors in your platform can directly
donate to the choosen charity? Thank you
Rodrigo Silva * Don’t send me ETH *: I will take this one
GiveWell was chosen in
the beginning due to its size and fantastic work, this was not a community
decision because we needed a charity to start with. Throughout our first month,
we had team members constantly reaching out to charities, scheduling meetings,
helping them throughout the process of becoming crypto ready.
As a result of the
effort mentioned above, we were able to provide 3 charities for people to vote
for, we wrote 3 medium articles to explain the choice and why they were
selected and people voted on our governance portal (snapshot), where they can
connect their wallet and vote (this was very important and we only wanted to
allow holders to vote).
Aside from the
donations made via our tokenomics, the community is more than welcome to donate
directly and this can be done via one of the following ways:
– Transfer ETH to our
contract. Every amount of ETH that is sent to our contract is automatically
sent to the selected charity
– Transfer ETH directly
to the charity’s address
Andrés M. | Satoshi Club: To how many charities have you donated until now?
Rodrigo Silva * Don’t send me ETH *: So far, GiveWell and Yellow Brick Road. The reason
for this was because when we started, we didn’t really imagined that we would
be able to donate over 2.2M in a month so in our site we had “charity of
the month: GiveWell”… we like to keep our promises so we donated the
whole month. Now we started to do the donations bi-weekly and the first chosen
charity was Yellow Brick Road.
Andrés M. | Satoshi Club: What is the aim of Yellow Brick Road?
Mike:
With the bi-weekly donation cycles, Munch community will be able to efficiently
distribute funds to help a much wider selection of causes/charities on a
rotating basis.
Andrés M. | Satoshi Club: That’s amazing, currently what our world needs👏
Rodrigo Silva * Don’t send me ETH *: The Yellow Brick Road Project is a charitable
foundation with a mission to fund research to identify, understand, treat, and
ultimately cure those impacted by HNRNPH2 mutations.
Their work aims to
identify more individuals with HNRNPH2 mutations, connect families impacted by
HNRNPH2 in order to contribute to the understanding of the disorder, raising
awareness of HNRNPH2 mutations in the general public and scientific
communities, and by funding research into HNRNPH2 mutations.
Quite often these
charities are overlooked, as donations tend to go towards more known causes. We
decided that it would be interesting to help this cause and at the same time to
have the opportunity to cause some local impact.
Mike:
Thank you, and we’re extremely proud of the rate of donations we’re able to
generate from our growing community base. So even with relatively short 2 week
cycles – we will be able to make a real impact.
Andrés M. | Satoshi Club: Thanks for the answer, is amazing that you are
doing.
Gold Rocket | Satoshi Club: What other areas of charity do you plan to develop?
Rodrigo Silva * Don’t send me ETH *: We don’t have a specific target and like to keep
our options open. We created a group specifically to discuss the charities, so
we will listen to what our community has to say. As a personal preference, I
would like to target hunger next 🙂
Gold Rocket | Satoshi Club: Thank you very much for your answers and for your
good deeds! ready for the next question?
Rodrigo Silva * Don’t send me ETH *: Sure thing!
Q2 from Telegram User @victorogb
The Munch economic model is such that, when a user
buys MUNCH tokens through an exchange, a 10% transaction fee is deducted from
such transaction, consequently splitting the transaction fee between MUNCH
token holders and the community recommended charity of choice (5% each). This
current model was modified from a previously adopted model, after a community
agreed consensus. Therefore, what are the guarantees that this current economic
model would be susbstainable as well as economical, how is the 5% fee
consequently sent and distributed to the deserving charity, and what other way
is the community rewarded for trading and holding on to their MUNCH tokens?
Rodrigo Silva * Don’t send me ETH *: Let me tackle this one by breaking it down a bit.
The community will use
our governance portal to not only vote on the charities but also on important
decisions that will dictate our future. We are committed to build a sustainable
model that preserves both the interest of the team and all the investors. As a
consequence, this fee can also be changed, both in size and allocation
(reflected/donated). This once again, demonstrates our flexibility and
capability to adapt.
As per the technical
side of it, each time a transaction is made, 10% of tokens are retained in the
contract. 5% of those tokens are distributed by the holders according to their
percentage of ownership. This is widely known model and first introduced by
RFI.
The other 5% of the
tokens are kept in the contract itself, as the contract is at the same time an
address, therefore capable of holding any ERC-20 token. When the amount of
tokens in the contract reaches a certain treshold, we swap them for ethereum
and send them to the charity wallet.. this is done at the contract level, since
we use the uniswap’s module to communicate with the Uniswap router.
Mike:
The transaction fee and ratio between charity donation versus holder
redistribution can be adjusted. We’ve started with 5% donations based on
community consensus and that has enabled us to raise significant donation
amounts from the beginning. As our community grows, naturally it would make
sense to explore a lower transaction fee which could encourage greater trading
volume, which we believe will create a net effect of higher donations.
Andrés M. | Satoshi Club: We would like to know more about your tokenomics,
how are the tokens amount distribuited?
Mike:
In addition, our Munch product roadmap is strongly aligned with improving token
utility and building a sustainable business model. We’re currently exploring
partnerships in the near term that can introduce new revenue streams to Munch,
and once our launchpad is ready, we would generate a small transaction revenue
with a percentage being redistributed back to our investors which will further
incentivise holding. Some key future functionality/utility of the platform will
be primarily accessible to the Munch holder.
Lastly, Munch token is currently used for voting and
governance – you have to be a holder to vote on key proposals and new
charities.
Mike:
We had 100T token supply to start and it is distributed as the following:
15% to burn during
specific burn events (15T – Time-locked
for specific burn events)
10% team allocation
with a range of ownership between 0.5% and 2% per person
5% presale with a max
of 0.5% per person held across 10 accounts
12% marketing budget
5% development budget
8% liquidity and
exchange listings
45% pooled
Rodrigo Silva * Don’t send me ETH *: They are added to each user’s balance according to
ownership, i.e. if you own 2T which corresponds to 2% of the total supply,
you’d get 2% of the 5% distributed.
Andrés M. | Satoshi Club:Thank you, I think regarding the question is clear.
Let’s proceed with the next question.
Q3 from Telegram User @Gutike95
I read that in Q4 they will carry out charitable
associations NFT, but could you really explain to us how useful the NFT will
have to benefit these charity movements? only that a % of the capital of the
NFT sold is destined for that work?
Mike:
I think NFT is popular and growing trend in the crypto space, and we’ve seen
examples of very successful charity and NFT collaborations so far. We have a
highly creative community at Munch so we’d love to explore the idea of
involving our community in designing artwork that can be minted as NFTs, to the
be auctioned to support charitable causes. It’s a creative and fun way to
leverage a growing trend to do provide more positive impact to the world.
Gold Rocket | Satoshi Club: Quite right!
Mike:
Incidentally, we’ve been in conversations with some music artists about a
potential NFT collaboration so we are intrigued to see how this can develop.
Andrés M. | Satoshi Club: Do you have son NFT designs to share with us?
Mike:
Nothing in public yet 😉 once we do the Satoshi club will be first to know 😁
Gold Rocket | Satoshi Club: we will look forward to😊😉
Andrés M. | Satoshi Club: Sure, we will be expecting for it 😁
Gold Rocket | Satoshi Club: Thank you very much for your answers! Ready for the
next question?
Mike:
yes
Q4 from Telegram User @Jonahapagu
On your road map I can see three different
launchpads.. which are “Launchpad – for social causes”, “Launchpad – for new
crypto projects”, and “Launchpad – for individual causes” most of the
launchpads available today are for new crypto projects, so how will the
launchpad for social causes and individual causes work, what will they be used
to launch , how will users participate and benefit from this new launchpads and
how are they different from each other..
Rodrigo Silva * Don’t send me ETH *: The idea behing the lunchpad is to build a portal
that is similar to the existing crowdfunding portals like GoFundMe, CrowdCube,
etc. In this portal, the charities will be able to submit their application and
we will carry out a vetting process… when approved, they will be displayed on
our portal and the users will be able to:
1) Choose the charity
to be supported via our tokenomics
2) Donate o to the
selected charity individually by staking their own tokens
Further in the future,
we want to include, as part of the integration process, also the service to set
them up to receive crypto. This will then reduce our current limitation, as we
need to donate to charities that are crypto ready.
The other two
launchpads, Mike can share some info about
Andrés M. | Satoshi Club: Btw, could you share your whole roadmap? What is
the major event coming for Munch?
Rodrigo Silva * Don’t send me ETH *:
Gold Rocket | Satoshi Club: Please tell us about other launchpads too😊
Rodrigo Silva * Don’t send me ETH *: Sure thing, Mike is typing 🙂
Gold Rocket | Satoshi Club: Oh! You’ve done a lot already, but there is more
work ahead! 💪
Rodrigo Silva * Don’t send me ETH *: Our next big event will be our launch on BSC
network! We are building a bridge and will be available on pancake swap on the
first week of June.
Andrés M. | Satoshi Club: [ 🤗
Sticker ]
Gold Rocket | Satoshi Club: To be honest, we have a question on this topic.😉
Rodrigo Silva * Don’t send me ETH *:
Here is a sneak peak
Sure, let’s save the
details then!
Mike:
The same platform and technology and we altered to support individual causes
(i.e. a crypto version of go-fund me) and to fundraise for promising, new
crypto projects. Usually early stage investing (where there is the highest
risk/reward) is reserved for angels, VCs and institutional investors. At Munch
we want to decentralise fund raising and give our Munch holders the opportunity
to support promising projects and in return have the chance to generate great
investment returns.
I’ve personally been a
fan of early stage investing where some of the key UK startups I invested in
such as Monzo, Revolut, Freetrade etc have all returned more than 10x.
Andrés M. | Satoshi Club: Currently where we can buy the token?
Gold Rocket | Satoshi Club: you are very prudent, I want to note😁👍
Rodrigo Silva * Don’t send me ETH *: We are currently only available on Uniswap:
Andrés M. | Satoshi Club: Thanks for share it. Time to proceed with the next
question.
Ready to go?
Rodrigo Silva * Don’t send me ETH *: Ready!
Q5 from Telegram User @Highpee
$SHIBA, a copy meme token of $DOGE on Ethereum had
it value plummeted drastically after Vitalik donated USD 1.14 billion worth of
$SHIBA token as a charity to Indian Covid-19 Relief Fund. Up till now, this
token has not recovered from the incidence which was further worsened by the
current market condition. As a platform, you already donated $2 million under a
month to charity organisations. While it is good to support charity cause, it
will equally be considerate to ensure that these activities do not impact
negatively on long term holders and investors. How will you ensure that large
charity transactions do not destabilise and sink the value of your token? How
do you strike a balance between supporting human cause and securing investors
interest?
Rodrigo Silva * Don’t send me ETH *: Great question, but some of the points were already
answered previously when I explained our tokenomics and the advantages.
Let’s start by saying
that $SHIBA was a meme token and its purpose was never to donate. What happened
there was, some dog coins followed the trend of the “cool kids” and
decided to burn tokens by sending them to vb (Vitalik’s address). This was
never a good way of burning tokens, as that address wasn’t dead… which was
demonstrated in the worst and best way possible. We burn our tokens by sending
them to ethreum’s burn address, so our investors can rest easy.
Second, that
information is incorrect and it’s a shame, because Vitalik’s biggest donation
was 53M to GiveWell (the same institution we chose to donate).
Last but not least, we
don’t perform bulk donations. Our system was designed to perform micro
donations at each transaction, exactly to preserve the stability of out asset.
Gold Rocket | Satoshi Club: it’s good that you clarified this situation to us.
Rodrigo Silva * Don’t send me ETH *: My pleasure 🙂
Andrés M. | Satoshi Club: Wow, some details we didn’t know
Gold Rocket | Satoshi Club: and it is also very good that you have taken care
of the stability of the asset
Rodrigo Silva * Don’t send me ETH *: Yeah somehow the news spread in a way that at the
end Vitalik donated everything to India’s COVID relief fund, but he actually
donated to quite a few institutions… we were following his transactions on
real time 🙂
Andrés M. | Satoshi Club: Btw, before to go with the last question we would
like to know I your contracts have been audited or are in process to be.
Rodrigo Silva * Don’t send me ETH *: Our contract was audited by solidity on our first
week of existence!
Andrés M. | Satoshi Club: Thanks for the clarification of that topic
Safety first👏
Rodrigo Silva * Don’t send me ETH *: Absolutely!
Andrés M. | Satoshi Club: Then, let’s proceed.
Q6 from Telegram User
@cryptofollower
Transaction fractions are automatically collected,
converted to ETH, before being sent directly to the recipient’s address,
creating an entirely automated and trustless ecosystem. What is the reason
behind for you to choose Ethereum Blockhain as your solution? I believe right
now most people won’t be able to invest/donate to $MUNCH with high Ethereum gas
prices. I also checked your roadmap and couldn’t find anything about other
blockchains to be supported or not. Do you plan to add other blockchains like
Binance Smart Chain for allow more people to invest the project?
Gold Rocket | Satoshi Club: Partially disclosed😊
But I’m sure you have
something to add 😉
Rodrigo Silva * Don’t send me ETH *: Ah got ahead of myself there 😄
Gold Rocket | Satoshi Club: You are well done😉👍
Rodrigo Silva * Don’t send me ETH *: We started on ETH network due to the amount of non
legit projects popping out every day on BSC. I believe that Ethereum tends to
have more serious investors and we wanted to stay away from being labeled as a
scam or having to spend most part of our time proving that we weren’t.
Now that we are one
month old and well established amongst the community, not just established but
also currently we are the charity token who donated the most with less than 8k
holders… it seemed like the perfect time to become a cross-chain project and
be able to bring in the volume that BSC generates. I believe we will benefit
hugely from this and so will the causes we support, as consequence.
Andrés M. | Satoshi Club: Are you planning to implement more chains different
to ETH and BSC?
Rodrigo Silva * Don’t send me ETH *: It’s not in
process yet, but other chains are being evaluated, such as Matic’s network
Gold Rocket | Satoshi Club: it’s time for cross-chain solutions. and this
battle will be won by the one who is most ready for this 😊
Andrés M. | Satoshi Club: Got it. Than you so much for your time and
incredible answers. Now, is time to proceed with the second part of the AMA.
The live segment🥳
Rodrigo Silva * Don’t send me ETH *: Absolutely, but when it comes to our category I
don’t see it as a battle per se. I ultimately support all the projects that aim
to have a positive impact on our society
But we’re better ❤️😂
Gold Rocket | Satoshi Club: Thank you very much for your answers! This was a
very interesting first part! Get ready for a storm of questions! Trust me, it
will be powerful! 🚀😁
Part
2 — live questions from the Telegram community
Q1 from telegram username @Arisabela
In your whitepaper it says that you never store
tokens or donations in a wallet owned by MUNCH, instead they are converted to
ETH at the transaction point and sent directly to charity addresses, but how
are these transactions sustainable due to the incredibly high fees to pay in
ETH? What if the gas rates are even higher than the same donation? Is there a
minimum set to be able to do these conversions?
Rodrigo Silva * Don’t send me ETH *: As mentioned, our donations are microdonations
performed by the contract on each transaction. This piece of code gets executed
when the user pays for the transactions so the gas fees were already covered by
the person making this transaction.
Q2 from telegram username @nahidulhassan
Which one of these aspects important for you?
1-Increasing Token Price&Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally
In what order?
Mike:
For me, transparency and building community trust is the most important thing.
We do this by showing that we are competent, put our community’s interest
first, and lead the project with transparency and integrity. We’re a small team
so we’re thankful to our community members for supporting us in building our
brand and spreading the awareness about Munch. I believe once we establish and
maintain community trust, naturally the other facets such as increased token
value, and new partnerships etc will follow.
Q3 from telegram username @doithay1617
I saw “MUNCH Millions Lottery” in Telegram
Munch, it’s really fun! What are the conditions for users to participate in
MUNCH Millions Lottery? And what is the prize?
@MS3081 , @rodresendesilva
Rodrigo Silva * Don’t send me ETH *: MUNCH millions is really fun in my opinion and that
was developed to give our holders some rewards. Every Tuesday and Friday we
have a draw and the winner is announced on this channel: https://t.me/munchlottery
To be able to qualify
you need to have an amount of MUNCH superior to 100$ and not have sold for the
past 7 days… HODL
The prize is 250$ worth
of munch and we will quadruple it (1000$) when we hit important milestones such
as 5M donated.
Q4 from telegram username @JoanaZ
➡️The creativity of your logo is
very awesome, I just remembered homer Simpson Donut! Hahaha, can you tell us
what is the story of the munch name?
Rodrigo Silva * Don’t send me ETH *: We love our donut, it was made by our illustrator
and he’s also a tattoo artist, as soon as a get a hold of him, me and another
team members are getting it tattooed 🙂
When we were
brainstorming the name, we researched the causes we wanted to support and
initially we thought of hunger, as it’s one of the major problems in the world.
We wanted the name to be short, funny and catchy so Pete suggest MUNCH
(chewing) and we loved it!
Q5 from telegram username @Madamzayn
Nowdays so many scam projects and rug pulled
happening. How user can trust your project not to do the same and how you are
different?
Mike:
In a highly volatile week in crypto, I wanted to address this quickly.
Investors are sometime attracted to new
projects that are propelled solely by hype without much substance as they seem
to provide a quick investment return. This proved to be extremely risky as when
market conditions get rough, there is no real project ‘fundamentals’ to support
their inflated price. Worse yet, many project teams are anonymous which led to
them rugging investors when market conditions worsened.
Here at Munch, we are a
fully doxxed and public team from day one, and have lead the whole project with
utmost transparency. Our liquidity is locked indefinitely, and our contract has
been audited. We’ve been through an ATH and a recent low but none of the core
team members have sold a token. We believe in project longevity and are
intrinsically motivated by making a lasting impact; to achieve our vision of
revolutionising charity using crypto to better support those in need.
Q6 from telegram username @highpee
👋 Hello
I can tell that you are REALLY PASSIONATE about
charity from the way you have designed your project. Many go into crypto today
with the purpose of making money, but you are more focused on social cause. If
I may ask, what is INSPIRED this decision? Why are you committed to humanity
Services? Have you been a victim of neglect or have you benefited from charity
before, which is making you want to give back to the society?
Rodrigo Silva * Don’t send me ETH *: I love this question.
Several things inspired
this decision. First, was the token I invested in which made it click and think
that it was possible to create something like this. Second, because I’ve been
involved with a few social causes throughout my life, since serving food to
homeless when I was in Lisbon, to help buying sleeping bags for homeless when I
was in Ireland and every year I contribute a substancial amount of my company’s
funds.
Luckily, I have never
been a victim or in need for support, but I come from a poor background and
have been multiple times in touch with that reality.
Last but not least, I
think there’s no better time than now to try to pass the values that we can
always help the ones that need the most. We tend to be carried away by greed
these days, so it’s good to stop and acknowledge that yes, we might not have
everything we want, but a lot of us have what we need.
Q7 from telegram username @nadee5
You are going
to help worldwide with MUNCH.
Do you have
separate local communities ?specially
who can’t use English
language
Rodrigo Silva * Don’t send me ETH *: MUNCH is already helping worldwide. GiveWell was
based in US but their funds are allocated around the world efficiently. Yellow
Brick is also present in a few countries.
Once again let me
reference, that we also have a dedicated channel where everyone is welcome to
come and talk about the charities/causes they would like to support:
https://t.me/munchgives
We do have different
communities, on telegram we have a French, German, Japanese, Arabic and Chinese
group and a lot more languages available on discord.
Q8 from telegram username @mixer40
😂Your advice. How do you not to panic in the
current situation in the crypto market?
Mike:‘Know
what you hold’ this applies to stock investments as well as crypto. If you’ve
invested in a great project that’s solving a huge problem, has a competent team
and a thriving community then there’s a strong chance your project and
investment will flourish in the long run. In Munch’s case, we apply a donation
fee for every buy and sell so even during market and price declines – the fact
that we’re still generating donations for charities makes these down days a
little better 😁
Q9 from telegram username @climbermatty
What are the key drivers to success with MUNCH? If you had to list the key uniques what are
they and how will the team accomplish them better than others out there?
Mike:
I believe these are some of the key drivers to Munch’s success:
– Hugely engaged and
supportive community that is passionate about our mission
– First mover advantage
– we’ve pioneered and popularised many elements of a Charity DeFi project,
which keeps our progress one step ahead of competition.
– Fun and cool brand –
we’re proud of our brand identity and think we found a way to incorporate the
cool and creative side of Munch with much deeper purpose. This makes our brand
compelling and relatable to many people.
– Experienced team –
across the team we have a good blend of entrepreneurial, technical, business
and creative individuals to help build something very unique
Q10 from telegram username @vedamatrix
Do you have any Ambassador Program for different
people on different countries?
Mike:
An easy one to wrap up! 🙂 We don’t currently but we are looking at ideas on expanding
our ambassador network. So If you have any suggestions feel free to DM me!
thanks
Part 3 – Quiz Results
As usual, for the third
part, Satoshi Club Team asked the chat 4 questions about the crypto project. A
link to a Quiz form was sent into the chat.
For
more information and future AMAs, join our Social Media channels:
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 zkTube and our guests were @CeriumO2 @nicholasv1 @Dave1217 @lovelyQuokka @PatriciaWxy @suzanaking.
The
AMA took place on 24 May. The AMA session was divided into 3 parts with a total
crypto reward pool of 500$
In
this AMA Recap, we will try to summarise the most interesting points for you.
Part
1 — introduction and questions from the Telegram community
Mary
| Satoshi Club: Hello
Satoshi Club! We are happy to announce our AMA session with zkTube!
Welcome to Satoshi Club😀
D.
| Satoshi Club: today our guests:
@CeriumO2
@nicholasv1
@Dave1217
@lovelyQuokka
@PatriciaWxy
@suzanaking
@Akinfergie
👋
welcome to Satoshi
Club!
Mary
| Satoshi Club: Welcome here, guys!
Panda
Y:
Hi
D.
| Satoshi Club: hello! good to have you here! 😁
Suzana:
Hello
Mary
| Satoshi Club: Hello 🤩
Dave
L:
hi
Pat:
hi
Casey
Brown: Hello~
Mary
| Satoshi Club: Welcome here, big zkTube family 😍
Cerium:
Hello
Mary
| Satoshi Club: It’s a pleasure for us to have you all
here today!
Serg
| Satoshi Club: Hello all 🙂
Suzana:
🙌
Panda
Y:
Lovely to meet Satoshi Club‘s member here
Mary
| Satoshi Club: So, let’s start our AMA!🚀🚀
Panda
Y:
Sure
Pat:
hello community!
Mary
| Satoshi Club: We always ask our guests to introduce
yourself for our big community 😀
Akinfergie:
Hello all!
D.
| Satoshi Club: Hi! Welcome!
Pat:
Hello
Mary
| Satoshi Club: Also, tell us about zkTube and the main
concept behind it! After intro we will have first part for which we choose 6
questions from our community! But intro first😉
Pat:
This is Patricia from zkTube.
Mary
| Satoshi Club: Hello, Patricia, can you tell us about
your role in zkTube and how did you get involved in this awesome project?
Cerium: Hi, this is Cerium, engineer, from zkTube
Dave
L:
I am the product manager of zkTube. If you have any questions related to the product,
I will always answer them here
Suzana:
This is Suzana from zkTube Labs, I am the Asian BD, nice to meet you all
Mary
| Satoshi Club: So, who will answer this?
Panda
Y:
Hi Everyone！This is Charlene from zkTube，responsible
for the operation management.
Mary
| Satoshi Club: And of course we are happy to e-meet
you all!
Akinfergie:
I’m Francis, software engineer for
zktube. Happy to meet you all
Pat:
👍🏻
Panda
Y:
zkTube Origin ：The concept of zkTube protocol prototype
originated as early as 2018. Ethereum founder Vitalik Buterin proposed a mining
solution for anti-ASIC (Application-Specific Integrated Circuit) on the
discussion. zkTube founder Lance participated in the Ethereum Scaleability and
new ideas Exploration of POS mining and casting zkTube. Therefore, it is
strongly recommended by the Ethereum open grant and contributes to the Ethereum
ecosystem.
Serg
| Satoshi Club: Awesome. You’ve got a grant from
Ethereum?
Pat:
Background of zkTube
Ethereum 1.0 has been
running stably on the mainnet for many years, based on its previous ecological
applications, its high latency and high transaction fees have hindered the
development of the Ethereum ecosystem, so the Layer2 expansion plan is
proposed: A considerable part of the workload on the chain is transferred to
the chain for completion.
Mary
| Satoshi Club: Btw, i found perfect video explanation
on your site, i think Satoshiclubbers have to watch it!
Panda
Y:
@sspurss It’s and the donation for Ethereum open grant，supported
by Etherum community and ne twork.
Serg
| Satoshi Club: Yes, it’s a nice one
Mary
| Satoshi Club: Wow, that’s fantastic! 👏
Congratulations with this!
D.
| Satoshi Club: i know ethereum has two layer 2
solutions – optimism and zk rollups, why you decided to use zk rollups for your
project?
Mary
| Satoshi Club: Yes, i am also interested in this😉
Dave
L:
Because zkrollup does the proof before submission, it can guarantee the
security of the user’s assets in a timely manner, and it can achieve the same
level of security as Ethereum
D.
| Satoshi Club: got it, thanks!
Pat:
Brief introduction of zkTube
zkTube labs are based
in Melbourne Australia, which starts to build zkTube protocol since 2020 with
the worldwide team base on the approved concept, it changing the crypto payment
with cutting-edge technology for the financial revolution. zkTube is the
scaling Ethereum with zero-knowledge proofs. Its aim to be the most viable
technology to enable the mainstream adoption of public blockchains.
Mary
| Satoshi Club: This makes sense 👍 Security is
on the first place!
[ Sticker ]
Thank you, guys for
this incredible intro!
Dave
L:
Another reason
The reason why we don’t
use OP withdraw is that the withdraw time of OP is too long. Just like this
sharp fall, if you need to withdraw ETH from COINBASE, it will take 7 days. At
that time, your ETH has already dropped so much that you can’t stop the
loss.And we can withdraw in 15 minutes
@Cool_as_Ice
D.
| Satoshi Club: yeah, im aware about this, but as we
know uniswap chooses optimism as a layer 2 solution, for example
guys @CeriumO2 @nicholasv1
@Dave1217 @lovelyQuokka @PatriciaWxy @suzanaking @Akinfergie @Casey9814C thank you for the
into! i think we ready to open the first part of AMA? 😉
Pat:
yeah
D.
| Satoshi Club: let’s goooooo! 🚀
Pat:
Cool, we can start the part 1 now.
Q1 from Telegram user
@Arisabela
Basically,
zkTube is taking advantage of the Ethereum platform improving its functions
with ZK-Rollup technology based on the PLONK algorithm protocol, can you
highlight the benefits of this protocol? What is the speed of your platform
using this technology?
Dave
L:
Yes, but they released it, but there may be some hurdles that they haven’t
cracked yet, so they haven’t released the latest version yet
D.
| Satoshi Club: that’s true
1). The advantage of
Plonk is that it supports a common, upgradable reference string, and as long as
the size of the circuit design does not exceed the upper SRS threshold, some of
the scenes and functions can actually share one SRS, which is very helpful to
ZKTube. ZKTube takes advantage of this feature.In certain scenarios such as
deposit, withdraw, transfer, buy and sell, this feature is put to the extreme
use. Originally, the proof time of ZKTube is about 5 times shorter than that of
Snarks, but after the optimization of ZKTube, the proof time is about 15-20
times shorter.
2). In order to make
the CPU play acme, we reduce the memory and reasonably allocate memory to
optimize these two, in the circuit design as much as possible in order to
satisfy a common SRS, so ms merkel tree, we compared the different SRS
different groups, and parallel, duplicate data calculation as soon as possible
to reduce the use of memory,At the same time, we use a monitoring mechanism to
adjust the allocation of memory, such as a circuit this time is too high
frequency, a dedicated thread to handle the storage scheme, so as to achieve
the effect of memory allocation.
3).We are now TPS3000+
D.
| Satoshi Club: PLONK algo was made by your team?
Dave
L:
We did a lot of optimization based on the Plonk algorithm
The above two points
are the optimization of our technology
D.
| Satoshi Club: as i know your code is not open source
yet, but you have plans to release it to the public?
Dave
L:
Some project parties are imitating us, so we only open the front end for the
time being, and the server side will be open source in the next step
understood, thanks for
the answer!
Mary
| Satoshi Club: Thank you, guys, for your answers! As
always we apploud you😀 ready to go to the next question?
👏👏👏👏
Dave
L:
This statement describes the certification process of the protocol
certification/verification phase, and we have made optimizations and
improvements.
D.
| Satoshi Club: nice, so you have upgraded version of
Plonk 😉👍
Q2 from Telegram user
@Jonahapagu
Some
of the personal uses of your products such as paytube as stated is that it can
be used to Manage multiple wallets on the go, Shop with Visa merchants online
& in-person around the world and also the Provision of Visa prepaid and
debit cards, what kinds of wallets will users of paytube be able to manage, and
what kinds of shops will they be able to use paytube for, across what countries
can users currently use paytube for shopping and how do users get issued visa
prepaid and debit cards using paytube
Panda
Y:
PayTube is a Layer2 wallet building on top of the ZKTube Protocol. It is
planned to start trial use in Australia, the United States, Canada, Singapore.
Yes，PayTube Wallet may supports a range of
business activities. For example, the PayTube Wallet program works with third
party compliance platforms such as Simplex or Uphold in the US，and
PayID in Australia to ensure compliance between digital and fiat currencies
used internationally. In the future, PayTube plans to introduce Visa prepaid
gift cards, which will be available on application. This prepaid card can be
used at any merchant that accepts Visa online or offline merchant. However, the
private key of PayTube wallet belongs to the user’s own management, and the
private key belongs to the user’s personal property. PayTube wallet never keeps
the private key of the user.
D.
| Satoshi Club: when your wallet will be available in
Australia, US, Canada and Singapore?
Mary
| Satoshi Club: Super! Can you tell me if Visa prepaid
gift cards will be available for purchase all around the world? Or you will
have some countries restricted?
Pat:
when our mainnet to go online, we are now start business communication.
D.
| Satoshi Club: thank you!
Panda
Y:
When our mainnet launch，we will start the
international business development，and
open for partnership cooperation. At the moment，we
already the investigate and survey in those country and got a very good result
and consequence.
Pat:
You’re welcome!
Mary
| Satoshi Club: Thank you for your answers 👏👏👏
ready to proceed?
Pat:
Sure!
Panda
Y:
Yes. But under $1000 prepaid card for user to apply will not be restricted.
Pat:
please go ahead, thank you!
Q3 from Telegram user
@Tony253210
Considering
that you have the “ZK” on your name, that means that you are related to the
Zk-Snark technology ? Do you have privacy features?
Cerium:
Yes, the zero-knowledge proof system we use now adopts the Plonk scheme, and
privacy protection is also an important indicator that we will consider in the
future
Mary
| Satoshi Club: So, we will be able to send private
transactions using your wallet?
Dave
L:
Are you talking about Snark privacy certificates
Mary
| Satoshi Club: Yes
Gotcha! Thank you for
your answers! Ready to jump to the next question?👏👏
Dave
L:Yes
it is. At the same time, the transaction can also be queried in the Ethereum
scan.
Pat: yes, please go ahead for next question
D.
| Satoshi Club: let’s goooo!
Q4 from Telegram
user @Highpee
The
total circulation and supply of ZKT cannot exceed 330,000,000 and 89.4% of your
total supply will be distributed through mining. I discovered that 14.4% of
this 89.4% is allocated for behavioral Mining which you also called
zero-knowledge proof mining. How will the proof-of-stake Consensus mining
approach of zkTube work? Who can become a validator and how much ZKT is needed
to be staked in order to become a Validator? Also, what is behavioral mining
and why did you allocate 14.4% of mining allocation to behavioral miners?
Pat:
Cool!
Panda
Y:
First of all, our mining is still in intensive testing. In the framework of our
preliminary design, we added to our test network as collateral for testing
tokens. We are still updating our test network and will update more content to
accommodate existing miners. Getting test miners into the test network is a
contribution in itself, and we’ll be giving air drops to some of our miners to
test our mines. Follow us on Twitter for more. The test network will be tested for
about two months, and the main network will be put online according to the vote
of test miners.
D.
| Satoshi Club: so it’s still not late to participate
in testnet?
by the way, our next
question about testnet so i don’t want to ask to much about it now 😉
Mary
| Satoshi Club: I think if everyone agree, you can post
it now😀
Pat:
👍🏻
D.
| Satoshi Club: 🚀🚀🚀
Q5 from Telegram
user @Winner_don
The
testnet POS mining is starting soon; few days to this time. Since it is a
testnet mining and it is a Proof of stake Mining that gives a person the
opportunity to mine according to how many coins they hold, are we going to need
any token to participate? For those that mine on the testnet, will there be any
reward when moved to the mainnet? How long will the testnet mining take and
when will mainnet mining start?
Panda
Y:
Yes. We still has upcoming two times Testnet version，and
we still call on users to participate in the test, and at the same time give us
suggestions to make our network stronger when we are online on the mainnet.
Suzana:
Please see our medium here to join the testnet
D.
| Satoshi Club: thank you! and, i think important to
ask, do you have plans to run a private or public sale of your tokens in the
future?
Panda
Y:
First of all, our mining is still in intensive testing. In the framework of our
preliminary design, we added to our test network as collateral for testing
tokens. We are still updating our test network and will update more content to
accommodate existing miners.Getting test miners into the test network is a
contribution in itself, and we’ll be giving air drops to some of our miners for
participate in mining on testnet. Please，follow
us on Twitter for more.The test network will be tested for about two months,
and the main network will be put online according to the vote of test miners.
Pat:
We have plans, and currently our whitelist is over. This round of whitelisting
released a total of 600,000 pieces at a price of 6u, which has all ended. For
the next round of opening, please follow our official Twitter.
Mary
| Satoshi Club: Sure! We will definitely follow your
updates 👏👏👏
Thank you for your
answers! Ready to go to the 6th and last question from this part?
It
is not a secret for anyone that NFTs are growing in popularity as days go by.
And I saw that zkTube is not too far behind on this topic because while reading
your whitepaper I saw that: “zkTube underlying protocol NFT also do field
extended support NFT on the second floor above the transaction”. Can you tell
us more about this? What plans does zkTube has regarding NFTs? Will you add NFT
services to PayTube or are there any plans on releasing zkTube’s own
marketplace?
Pat:
absolutely
Dave
L:
We have developed corresponding technical frameworks for zkTube in the fields
of DeFi and NFT, etc. The most typical one is that we have supported Uniswap V2
and V3 technical frameworks. Currently, this product has been developed and is
still under internal testing. The specific implementation principle is as
follows:
For both Uniswap V2 and
V3, ZKTube’s underlying protocol will support data interaction with L2
accounts. Users can choose to deposit ETH or ERC20 coins to L2 on V2, and then
conduct swap transactions or provide liquidity. At the same time, we can also
transfer the ETH or ERC20 token deposit above V3 to L2 for swap transaction or
provide liquidity. Then, the second level will summarize, package, prove and
finally verify that there is no problem, and submit it to the ETH main chain.
Mary
| Satoshi Club: So, can we suggest that in the future
you will provide l2 solution for NFT markets also?
Dave
L:
Yes, we have included the NFT solution in this mining machine
Mary
| Satoshi Club: Awesome! Thank you 👏👏👏
So, we came close to
the live part now 👏👏👏
Ready for it?
Part
2 — live questions from the Telegram community
Q1 from telegram username @helhusd
not in the group
Do you have a Token Burning plan to increase Token
value and attract Investors to invest?
Panda Y:We
have a similar mechanism to Ethereum, and our tokens have not been issued or
destroyed. In the later period, we consider the tokens purchased by the
foundation to be destroyed.
Q2 from telegram username @Xusuo
zkTube Protocol is an ETH Layer 2 scaling solution
which have $ZKT token. I read from your telegram, one of your member ask about
airdrop ZKT candy but he got no answer. Could you explain about this ZKT
airdrop how to participate? And what is the reward? Do you also have other
event for your community?
about the airdrop,
please read our rules to participate, it’s still on
Q3 from telegram username @kimterbear
How can we ensure the safety of our assets at
Paytube?
Pat
: The user’s assets are stored in the smart contract, and only the user can
operate it.
service providers can
only interrupt transactions, but cannot steal transactions.
Therefore, users do not
need to worry about the safety of assets. Even if all service providers strike,
users can still actively withdraw their legal assets through smart contracts.
Q4 from telegram username @Pratze
Uniswap already released a formal document to
introduce its V3 version. I read that zkTube’s technical team has participate
in the development of uniswap v3. Can you explain how does the combination work
between zkTubes and V3 uniswap?
Dave L:
For both Uniswap v2 and
V3, zkTube’s underlying protocol will support data interaction with L2
accounts. Users can choose to deposit ETH or ERC20 coins to L2 on V2, and then
conduct swap transactions or provide liquidity. At the same time, we can also
transfer the ETH or ERC20 token deposit above V3 to L2 for swap transaction or
provide liquidity. Then, the second level will summarize, package, prove and
finally verify that there is no problem, and submit it to the ETH main chain.
Q5 from telegram username @meml97
🧨
I read that zkTube operating mechanism, includes two types of roles:
ordinary users and operators. Can you tell us more about this two roles? How
can users go from one role to the other and what function do they have within
zkTube’s ecosystem? What benefits bring to users being either an ordinary user
or an operator?
Dave L: Ordinary users refer to the users who trade on the
front end, and operators refer to the zkTube miners who provide proof of zero
knowledge. Therefore, a user can either trade on the front end or provide proof
for zkTube as a miner
Q6 from telegram username @Rosane1a88
🌸 zkTube allows payments at a rate of 3000+
TPS, scalability and security are key points in the DeFi ecosystem, so I
wonder, how secure are the transactions if performed at such high rate? And how
is ensured that high scalability without compromising decentralization of the network?
Pat:
The current theoretical value is indeed 3000+ TPS. But our actual test has not
reached this peak, so we are currently working hard to realize this theory. In
our current testing phase, the machine involved in the calculation is our
subsequent mining computer, and the plonk algorithm itself has a lot of room
for optimization. Then there is security. It is true that there may be security
issues at present. We currently use asset flow records to verify the user’s
financial situation, and use an efficient distributed database to ensure data
consistency. In this regard, we also welcome everyone to give us better
suggestions, and we will continue to pay attention to and improve.
Q7 from telegram username @Indomiekuy
zkTubes have native token $ZKT, could you explain
what are function of your token in your platform? And how do we possible to
purchase it?
Pa: Native
tokens can be used in the behavior mining of Layer1 to Layer2 deposit functions
in the wallet, and at the same time ZKT token serve as transaction and
withdrawal fees. In addition, ZKT’s native tokens will also be mined as
collateral according to the rules of the economy. Early adopters can either
wait for the second round of whitelisting to be open to purchase tokens, or purchase
tokens from an exchange when ZKT is listed.
Q8 from telegram username @highpee
Is the PLONK Algorithm used by
zkTube different from SNARK technology used by other zero-knowledge solution?
Are you still able to guarantee transaction correctness when interacting or
transferring transactions to the secondary offline layer?
Dave L: Zktube
uses zero-knowledge proof Plonk algorithm in Layer2. Theoretically, Starks
algorithm is the most secure. It does not rely on the assumption of pairing and
exponential knowledge, but is completely based on hash value and information
theory to calculate, which is anti-quantum computer attack.Corcorresponding, it
increases the number of proof bytes from 288 bytes (b) to several thousand
bytes (KB), which is not suitable for Zktube to build a generic Layer2
protocol. Secondly, the biggest problem with Starks is that it is not generic.
Different problems or scenarios require different arithmetic solutions.Not very
useful for ZkTube at the moment, maybe it will be a good choice for Layer2
sharding when Ethereum 2.0 comes online.
Snarks is the algorithm
that uses the least number of bytes in the algorithm, and Groth16 is the one
that uses the most. First of all, Groth16 is not universal, and it relies on
the one-time non-upgradable setting. If the system changes or encounters any
small bug, it needs a new ceremony to deploy and fix it.Secondly, different
CRS(the Common Reference String) is needed for different problems, which is
equivalent to designing different circuits for different scenes. Therefore,
this algorithm is used for specific scenes, such as decentralized DEX, payment
and other simple scene circuit design.
1. The advantage of
Plonk is that it supports a common, upgradable reference string, and as long as
the size of the circuit design does not exceed the upper SRS threshold, some of
the scenes and functions can actually share one SRS, which is very helpful to
ZKTube. ZKTube takes advantage of this feature.In certain scenarios such as
deposit, withdraw, transfer, buy and sell, this feature is put to the extreme
use. Originally, the proof time of ZKTube is about 5 times shorter than that of
Snarks, but after the optimization of ZKTube, the proof time is about 15-20
times shorter.
2. In order to make the
CPU play acme, we reduce the memory and reasonably allocate memory to optimize
these two, in the circuit design as much as possible in order to satisfy a
common SRS, so ms merkel tree, we compared the different SRS different groups,
and parallel, duplicate data calculation as soon as possible to reduce the use
of memory,At the same time, we use a monitoring mechanism to adjust the
allocation of memory, such as a circuit this time is too high frequency, a
dedicated thread to handle the storage scheme, so as to achieve the effect of
memory allocation.
These algorithms are
now very secure and resistant to quantum attacks, so you don’t have to worry
too much about attacks and things like that, and even if they do, the user’s
assets are safe😂
Q9 from telegram username @lusiana_lambreth
Taking into account the congestion on the ETH
network, does zkTube have the vision to support other cryptocurrencies and
expand their spectrum?
Panda Y: Yes. zkTube
can support all ERC20 and will be support EIP1271 protocol soon. So，we are open for
cooperation with other projects as well.
Q10 from telegram username @cryptofollower
zkTube protocol is a scaling
solution for Ethereum Layer 2. zkTube also has solutions for Proof of Staking
as testnet POS mining launch on June 10, 2021. I have questions about this. Do
you think after the launch of Ethereum 2.0 people would still like to continue
Ethereum scaling solutions? Also do you think POS system is best solution for
scalability? Won’t it mean a more centralized approach? What do you think of
proof of stake on this matter?
Cerium:
Everyone knows that the 2.0 upgrade will convert POW mining to POS, but in
fact, the initial stage of the entire upgrade process is that the dual chains
coexist, and there will be both the current main chain (original chain) and the
new chain (POS mechanism), and Two kinds of tokens ETH1.0 and ETH2.0. During this
period, users can burn ETH1.0 in exchange for ETH2.0, but ETH2.0 will be
effectively frozen until the full upgrade of 2.0 is completed (at that time we
can see that the exchange is trading two Ethereum tokens at the same time
Interesting phenomenon). In other words, during the entire 2.0 transition
period, the operational state of the original chain must be guaranteed. This is
also the problem: the upgrade process needs to maintain and develop two chains
at the same time, and achieve breakthroughs in key technologies such as
sharding. Compared with the direct switching of the main network of other
public chains, one more chain workload is out of thin air.
As for how long this
intermediate state of dual-chain coexistence will take, we can infer from the
latest official blog post. According to the description of the released
“1.x Document: Quick Sync”, the development team is now focusing on
more incremental upgrades to Ethereum 1.x, and stated that “the life of
the original Ethereum chain needs to be extended by at least another 3-5 years.
“. Theoretically, the length of time the original chain needs to be
maintained is an intermediate state. Once the original chain is upgraded to
2.0, the historical mission has been completed. Therefore, it can be inferred that
the entire 2.0 upgrade process is officially estimated to take at least 3-5
years. One important reason why it takes so long is that there are still some
core issues that need to be resolved on the original chain, including chain
storage, block size, transaction throughput, state size, and network
performance. It is necessary to ensure that both chains are up to the standard
to complete successfully upgrade.
Part 3 – Quiz Results
As usual, for the third
part, Satoshi Club Team asked the chat 4 questions about the crypto project. A
link to a Quiz form was sent into the chat.
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