Satoshi Club

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 Blowfish and our guest was @daviddev12, @gabriele_sala, @palufreeman and @freddy9s. The AMA took place on 16th 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

Andrés M. | Satoshi Club:
Hello dear community and welcome to another AMA session with our friends from Blowfish

Our today’s guests are:
@daviddev12
@gabriele_sala
@palufreeman
@freddy9s

Welcome in Satoshi Club guys!

David [blowfish.one]:
Hello! Thanks for having us 🙂

Gabriele:
Hi!

David [blowfish.one]:
Could you also add @lat_0x ?

Palu:
Hello, Andrés! My name is Palu and I’m one of the community managers and admins at Blowfish, actively working on sustaining a welcoming environment at our community and promoting certain events. Pleased to be here! 😄🐡

Mihai Pisica:
Hello guys! Welcome in Satoshi Club, we have waited for this Ama 😍

Freddy:
Hey everyone. Happy to be here.

Andrés M. | Satoshi Club:
Nice to meet Paul.

For sure, one minute please

Lat @ Blowfish [Will never DM first]:
Hi, everyone!

Andrés M. | Satoshi Club:
Hello Lat, welcome to the AMA

Lat @ Blowfish [Will never DM first]:
Glad to be here!

Mihai Pisica:
We are honored to have you here today! Thank you for joining👍
Being excited for this AMA, we want to know more about you, could you give us a short introduction about you?

Andrés M. | Satoshi Club:
To begin the AMA we would like to know more about you, could you please introduce yourself?😃

Mihai Pisica:
I was first 😀🚀

David [blowfish.one]:
Hi, I’m David, the main dev for BlowFish. I’m a software engineer experienced with developing distributed systems and core libraries (i.e. backend stuff). I hail from a FAANG company and had the fortune of working on some core Java libraries that enable a lot of the services there. Most of you probably interact with my code on daily basis! I’ve been super excited to get my hands on Solidity and BSC projects.

Lat @ Blowfish [Will never DM first]:
I’m currently the main developer on Blowfish’s frontend side, but I also do backend work.

I’ve worked professionally with Node.js-based frontend applications before, though I’m relatively new to working with smart contracts.

So far, my main task has been to create several lottery dApps for clients of our “Lottery as a Service” program. Three are finished, two of them are deployed and we have a few more in our pipeline 👀

Right now, my main project is the Cryptopuffs NFT marketplace and our NFT ecosystem in general.

Gabriele:
Hi, I’m Gabriele: I’m with Palu one of the community managers and admins at Blowfish

Freddy:
Hey guys. My name’s Freddy and I’m currently on the BlowFish team working on the writing and marketing side of things. I have some experience as a copywriter and am happy to be contributing to this project.

Andrés M. | Satoshi Club:
😁

Mihai Pisica:
As we see, you have all the ingredients in the background to create a great project and make the Blowfish moon it!

Andrés M. | Satoshi Club:
@daviddev12
@gabriele_sala
@palufreeman
@freddy9s
Amazing background of all you guys, is an honor for us to have you here!

So what is the essence of blowfish?

David [blowfish.one]:
Thanks guys, I think our dev backgrounds is one of BlowFish’s main strengths 🙂

Mihai Pisica:
How long does it take to develop a project? What plans do you have for the future? And what can we expect from Blowfish?

David [blowfish.one]:
In essence, BlowFish is a DApp platform focused on gamification. We’re unique because we offer “DApp as a Service”. It works like this:

1. We develop a DApp for BlowFish itself, leveraging smart tokenomics that boost liquidity or token price. For example, our CryptoPuff NFTs reward liquidity and token staking with minting randomly generated NFT’s. Every NFT minted boosts the price of BlowFish.
2. We generalize the DApp and sell it to other token projects. Our DApps are attractive because they can incentivize liquidity, engage communities, raise marketing funds, and so on. As a token project owner, imagine clicking some settings on a website and instantly having an NFT-generator DApp for your token! That’s what BlowFish is building.

David [blowfish.one]:
The initial time to develop a brand new DApp (stage 1) can take weeks, but generalizing the DApp for customers (stage 2) is much quicker. We expect to offer a fully self-service option for customers interested in lotteries and NFT-generator games in the near future.

I envision BlowFish being a hub for fun DApps and also a platform for tokens with less experienced dev teams to quickly add generalized DApps to their projects.

Andrés M. | Satoshi Club:
Great project, I think this will be an exciting AMA😃

Mihai Pisica:
Btw, we have a community question about it, if you want, we can start the party )

David [blowfish.one]:
I’m excited to talk about our projects and ideas too!
I’ll elaborate a little bit more before we hop into questions~

Mihai Pisica:
Sure, the scene is yours )

Andrés M. | Satoshi Club:
Thank you so much for the intro

David [blowfish.one]:
There’s a lot of new BSC tokens being launched with less experienced developers (which is totally fine–there’s more to growing a project than coding). BlowFish can help these tokens add utility to their projects, while bringing value back to BlowFish holders. We believe the addressable market here is untapped and growing. We’ll be charging a percentage service fee on our DApps that auto-buy and burn BLOWF tokens or reward BLOWF liquidity stakers with tokens from other projects.

In a short time, we onboarded 5 projects for Lottery as a Service, so we can’t imagine how many projects might be interested in our NFT generation platform!

Andrés M. | Satoshi Club:
Great concepts, good job 😃. Let’s proceed with the questions.

Q1 from Telegram user @josewen
Of the current projects that BlowFish owns, CryptoPuffs has the widest range of value added to BlowFish due to how broad the NFT platform can be. Does the minting process implement loot box gamification directly increase the price of the BlowFish token? What are the active qualities of CryptoPuffs? Are CryptoPuffs NFTs one of a kind? What does CryptoPuffs exemplify and what is its contribution to the BlowFish platform and its community?

David [blowfish.one]:
We’re modeling BlowFish kinda like an actual business haha. BlowFish will have customers that bring in revenue to BLOWF holders!

Questions sound good!

Yes, the minting process directly boosts the price of the BlowFish token. Minting NFT’s require BNB, which our smart contract uses to automatically buy-and-lock BLOWF tokens or liquidity. We think we have a clever system here to reward people who buy and “contractually” HODL!

CryptoPuffs have a wide variety of appearance features that we are actively expanding upon. We just hired a new artist/designer who is helping us bring animations to our Puffs.

Puffs exemplify how fun DApps can be while still incorporating smart tokenomics and real value from customer sales.

Andrés M. | Satoshi Club:
What projects are part of your ecosystem? Different of CryptoPuffs

Mihai Pisica:
Could you share some NFTs designs?

David [blowfish.one]:
CryptoPuffs itself is a broad platform, involving NFT generation, a marketplace, and NFT games. (Marketplace and games coming soon!)

The other major project in our ecosystem is Lottery as a Service. We currently offer 3 different types of lotteries, depending on what other projects are looking for. More details are available in our article here:
https://medium.com/blowfishtoken/blowfish-lottery-as-a-service-417d61520ba1

David [blowfish.one]:
Here’s an example animated Puff we have in the works!

Here’s a couple examples of the V2 Puffs we’re developing!

Andrés M. | Satoshi Club:
Who is the designer?

David [blowfish.one]:
Our designer was a community member (named K), who we’ve officially hired to work for us.
He does design work professionally and is quite skilled with After Effects for these animations.

I should add that these are upcoming designs for our V2 Puffs. Our current puffs look a little different, but are still very cute 🙂

Mihai Pisica:
Indeed, I like them, cuties 😊

Andrés M. | Satoshi Club:
I like it, the pet has any name?😁

David [blowfish.one]:
Our mascot was named a few weeks back in a community poll 😁
His name is Fugu! Which is Japanese for pufferfish.

Mihai Pisica:
We know FUGU, hard to prepare 😀

But very tasty one 😁

Mihai Pisica:
I like it! 😅

Andrés M. | Satoshi Club:
Thank you for the answer, would you like to proceed with the next question?

David [blowfish.one]:
Yes that’d be great 😊

Q2 from Telegram Username @meml97
I read that one thing that is coming soon to BlowFish for the CryptoPuffs are the Enhance and Battle features, can you tell us more about this future options? How will we be able to enhance our CryptoPuffs NFTs and what are the advatanges of doing so? Also, battles! How will we be able to have battles? How will this mechanism be and what can users get from such thing?

David [blowfish.one]:
Absolutely.
Our first Puffs game release will actually be an exploration idle game. Where players can send out a team of Puffs onto an “exploration” to collect equipable NFT’s. The NFT’s will be both aesthetic and functional for improving exploration success odds and boosting stats for our future Battle games. Our designer will be creating fun skins/hats/etc to be worn on your Puffs.

The enhancement will involve these equipable NFT’s and will loop in BlowFish token-locking to reroll stats. This is how we want to gamify BlowFish staking with CryptoPuffs.
The Battle features will allow players to win more equipable NFT’s in special events and to place bets and battle each other! Puff Team composition will be key for these future games 😄

Here’s a fun example of some winnable hats in the future!

Andrés M. | Satoshi Club:
How many characters are there?

Mihai Pisica:
You say “to place bets” – can you relate this one please? You mean we would be able to bet tokens and win more?

David [blowfish.one]:
There are 3 base animal types: pufferfish, shark, and whale. Each type of animal has thousands of variations in appearance, but the sharks and whales are much rarer. Only a .05% chance of getting a whale at the base rate!

Yes, players will be able to bet tokens when entering a battle. With the ability of earning more tokens if they win!

Regarding the thousands of variations of appearance, we’re building a pipeline to handle this randomization process in a generalized way. So we can offer this kind of NFT generation to customer projects if they provide a few base images 🙂

Andrés M. | Satoshi Club:
When dolphins? 😃

David [blowfish.one]:
One day maybe! Dolphins would be a fitting addition 😁

Mihai Pisica:
That one sounds like incentivizing for playing and get higher and higher )

Andrés M. | Satoshi Club:
Btw, thanks for the answer, ready to go with the next question?

David [blowfish.one]:
Ready.

Q3 from Telegram user @Derazy
There is a meme contest that BlowFish conducted before this AMA start, commencing about five days ago. How’s the contest going on? How many holders participating on this event? Can you please share us the impact of this meme contest on the performance of $BLOWF token marketing strategy?

David [blowfish.one]:
We’ve had dozens of amazing meme submissions for the contest! I think it really helped engage our holders and also spread BlowFish awareness on Twitter.
We’ll be holding more contests like that in the future as a fun way to reward our community and help spread the word.

Andrés M. | Satoshi Club:
Please share us some of them

David [blowfish.one]:
Here’s a pretty one
https://twitter.com/AatSuhendra/status/1391983621976707074

Freddy:
This is our first meme contest. We’ve got a lot of really great submissions and it’s really crucial for us to engage our community. This will be the first of many events focused on engaging and building our community. We’ve been testing the waters with marketing in general and are ready to ramp it up!

David [blowfish.one]:
A meme submission from our designer too 😂
https://twitter.com/K80291038/status/1392808086230999041

Andrés M. | Satoshi Club:
There is time to participate yet, right? Because our community members have a lot of imagination to create memes😁

Haha captain Fugu.

David [blowfish.one]:
The meme contest actually ended at the AMA start 😅
but I think this is a great opportunity for new people to participate! We’ll extend the meme contest by a day 🙂

Andrés M. | Satoshi Club:
😱 great opportunity Satoshiclubbers, let’s join this amazing contest 🥳

https://twitter.com/blowfishtoken/status/1391929853885046788?s=19

Mihai Pisica:
Also let us know when you will begin the further ones! People here like contests like this )

David [blowfish.one]:
Thanks for posting the contest! Prizes are in BLOWF tokens.
I will be happy to let you guys know when we have future contests!

Andrés M. | Satoshi Club:
Well, thank you guys for those amazing memes, let’s proceed with the next question, ready to go or do you want to add something else?

David [blowfish.one]:
Let’s keep going

Q4 from Telegram user @victorogb
Right from it’s inception, BlowFish has presented itself as a fun token taking into account it’s on-going projects and product offerings. Sticking with it’s fun token attributes, BlowFish aims to leverage gamification to return value to BLOWF holders. This is achieved via three major ways: profit distribution from DApps, token burns, and oracle utility. Can you carefully shed more light on these 3 amazing value added features, and how will BLOWF be a critical tool for user operation and interactions within the network?

David [blowfish.one]:
I expand on these 3 points in our lightpaper, but to give a quick summary:

• Profit distribution from DApps & Token Burns: Our DApp as a Platform is a great example of this. Our customers’ DApps will buy&burn BLOWF tokens as an ongoing service fee. The CryptoPuffs DApp also locks tokens and liquidity, which effectively reduces our circulating supply as more people play.
• Oracle utility: To build the features we need for our DApps, we have some Oracle usecases. Thus we’re building our own, which we’ll also offer publicly for a BLOWF fee. The first oracle I have my sights on is an event-time scheduler oracle.

The key is our DApps will always leverage the BlowFish token to either boost token value or liquidity.

Andrés M. | Satoshi Club:
So what is the token distribution of BLOWF? The tokenomics and max supply?

Mihai Pisica:
Have your smart contract been audited? By whom?

David [blowfish.one]:
BLOWF had a fair start with no massive developer wallet minted. We all had to buy our own tokens at the start.
The max supply is ~164 million tokens, and the circulating supply is approximately 90% of that. The remaining 10% is either locked away in liquidity or in CrytpoPuffs.

Andrés M. | Satoshi Club:
How is the process to buy the tokens?

David [blowfish.one]:
Our token smart contract was generated by the DxSale Standard Sale, so it’s pre-approved (i.e. audited) by the DxSale DAO. It’s a fairly boilerplate contract with renounced ownership.

David [blowfish.one]:
Our token is available on Pancakeswap. We recommend using BoggedFinance to buy the tokens! Links to buy are on our main site:
https://blowfish.one/

Mihai Pisica:
Thank you very much for your answers! Ready for the next one?

Andrés M. | Satoshi Club:
Thank you for the answer. Time to go with the 5th question, ready?🥳

David [blowfish.one]:
Ready!

Q5 from Telegram user @V1ct0r_26
I saw on your roadmap that for Q3 you want to establish a charity partnership and partnerships with similar projects. Could you share more information about this with us? What charity partnership would you like to work with and why? Also, speaking of similar projects you will work with, I’ve seen other animal/nature charity projects, but never one related to the ocean cleanup, so, what projects do you have in mind that align with your purpose?

David [blowfish.one]:
Yes! We are planning NFT auctions with community-created art to raise money for ocean cleanup charities. We’re an ocean-themed token, so we’re keen on that direction. As you’ve said, it’s not a popular charity direction, but certainly an important one.
We’ve partnered with other charity tokens in the past, recently Bingus for our Lottery as a Service. They are an animal-focused charity token, so it was quite fitting 😄 Super great to see BSC projects raise money for good causes!

Andrés M. | Satoshi Club:
Btw, which are your current partnerships?

David [blowfish.one]:
Bingus was our first Lottery as a Service partner. We also have partnered with MuskBezo and Only1Token for our LaaS.
We have 2 additional partners in the works too (to be announced soon 😊).

Mihai Pisica:
So the NFTs will have different use cases, NFT capabilities beyond just Collectibles

David [blowfish.one]:
The partners we’ve worked with have been super excited for what we have to offer.
A funny thing is I often get devs from other projects ask me about smart contracts and liquidity issues. This is what helped me realize the market space for our platform.

Andrés M. | Satoshi Club:
Don’t forget to share the announcements with us.

Lat @ Blowfish [Will never DM first]:
Small correction here. Bingus and Only1Token are real partnerships, MuskBezo was only a client of ours.

David [blowfish.one]:
Yes, our NFT’s will be gamified, so players will have fun things to do with them.

Andrés M. | Satoshi Club:
Thanks for the clarification

Mihai Pisica:
Thanks for the clear answer!

Freddy:
We were also the first coin to use verifiable randomness by BOG, something we’re particularly proud of.

Andrés M. | Satoshi Club:
Btw, do you have any staking program?

David [blowfish.one]:
^Yes as proof of utility, we were the first to onboard with the BogRNG oracle haha.

David [blowfish.one]:
We offer staking in a non-traditional way—locking tokens to mint CryptoPuffs as a reward.

I’m also exploring partnerships with other AMM’s to potentially get a new liquidity pool launched for BlowFish. Then our holders will be able to stake LP tokens for juicy token rewards.

My other dev is telling me to mention the other Lottery partners we have haha. We’re developing for NeuralPepe and ShibaCash as well 🙂

Andrés M. | Satoshi Club:
Thanks for share it.

Mihai Pisica:
Do you have any trading guides? Or will you create one?

David [blowfish.one]:
I just released a document this morning to help clarify the value of individual Puffs. This will assist people in trading Puffs before all of our games are released.
We’re establishing long-term guidelines on what will give Puffs value, so market players can confidently make trades this early in the game.
https://medium.com/blowfishtoken/cryptopuffs-design-doc-e6aa81685c97

Mihai Pisica:
Take a look at it Satoshiers!

Thank you so much! Your answer is flawless! 😊

Andrés M. | Satoshi Club:
Thank you, let’s proceed with the final question

David [blowfish.one]:
Sounds good!

Q6 from Telegram user @cryptofollower
Right now BlowFish is listed on both coinmarketcap and coingecko. Also BLOWF is listed on Boge Finance and PancakeSwap V1 right now. But on your roadmap Q3 I see there is an official PancakeSwap listing. What does it mean to be listed officially? Don’t you already on pancakeswap? Also when I try to buy some of BLOWF on pancakeswap it says “PancakeSwap V1 is no longer supported” and “and I may experience significant slippage, resulting in lost capital” warnings. Do you suggest me to buy with pancakeswap v1 or should I go to v2?

David [blowfish.one]:
Listing officially means being on the default list of tokens on the Pancakeswap token list. It involves having a pool with the platform.
We’ve actually pivoted on that goal a bit; I’m seeking out smaller AMM’s for this kind of official listing first 🙂

The Pancakeswap messaging on V1 liquidity is a little confusing. But I do recommend using the V1 pool since most of our liquidity lies there. The BoggedFinance swap interface is nice for this since it will automatically route you to the pool with the most liquidity / smallest price impact.

Andrés M. | Satoshi Club:
Btw, could you share with us your roadmap? What is the greatest event coming for Blowfish in this 2021?

David [blowfish.one]:
Absolutely! Our Roadmap is visible on our site https://blowfish.one/
But here’s a selection of exciting Q2 2021 events:
Q2 2021

• CryptoPuffs Games launch
• NFT-Generator Platform launch
• Our first oracle launch—the event-time scheduler

I’m especially excited for launching our NFT’s as a platform, “DApp as a Platform.” I think that poses as our greatest feature in the near future.
It opens the doors for big partnerships and a new way to bring value back to BlowFish holders.

Andrés M. | Satoshi Club:
Congratulations, a lot of big events are coming for you, our best wishes for Blowfish💪

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Korryl
I read that you develop lottery system as your first service dApp. Can you explain how does the “Lottery” System work? And you doing partnership with BogTools to launch the “Lottery” System, why do you need BogTools?

Lat @ Blowfish [Will never DM first]:
We have two different lottery systems. One of them is a token-based lottery in which every player adds some of their own tokens to the pool, and then the pool is paid out partially to the winner and partially to a burn or marketing address (it’s customizable).

The other type of lottery (which is the one we did for Bingus) is an LP Lottery where people lock LP tokens for a certain amount of time and the reward comes out of the dev team’s own pockets.

The reason we’re using BogTools is because we need a randomly generated number to determine the winner. Their BogRNG oracle is the best one out there as far as I can tell.

Q2 from Telegram user @highpee
You said your project is unique because you offer “DApp as a Service”. How will this be utilised? Which category of users is your dApp service for (is it for direct users or you make these dApps for companies/projects?) What type of DApp do you build and how does this benefit Blowfish users?

David [blowfish.one]:
We make the DApp service for other projects. We’ve found that even projects with strong technical teams are interested in our offering because it allows projects to add utility to their tokens very rapidly.

The whole “xxxxx as a Service” model has been successful in the tech world since it allows projects teams to focus on new development and leverage existing services instead of re-building their own from scratch.
We’re capturing this value at a high level—launching DApps fully end-to-end so that project owners don’t have to do any coding or advanced setup.

Q3 from Telegram user @Indomiekuy
Blowfish project already have gorgeous Blowfish animation. I already look the animation is really wonderful. But I see there are 2 rarity : 1.Standard Puff, 2.Super Rare Puff. What are the function for this rarity? And all this animation will become a NFT or else?

David [blowfish.one]:
There are different tiers of rarity for our Puffs 🙂
The varying rarity will play a role in our upcoming games and also adds value for collectible purposes.
Our CryptoPuffs players have really liked finding their Sharks and Whales!

The animation properties will be stored on-chain, and the animation MP4 itself I’m planning to be stored on IPFS. This should give a reasonable sense of immutability for our NFT’s. We’ll have the random_seed=>property=>visual process documented as well.

Q4 from Telegram user @vedamatrix
How can I buy NFT’s on your ecosystem? Do I need BLOWF tokens or BNB coins?

David [blowfish.one]:
A simple but good question 😊 You actually use BNB to get CryptoPuffs, but our smart contract converts your BNB into BLOWF locked tokens or liquidity (your choice!).
This model helps encourage BlowFish value growth since every Puff minted is essentially a BLOWF buy-and-lock. No selling 😁

Q5 from Telegram user @My1queen
What are the future goals do your project have in the next 2years?

David [blowfish.one]:
Longer term, I want our DApp as a Service offerings to be fully self-service. Imagine clicking some buttons on our website and generating a fully working Lottery DApp for your service.
That’s the vision we’re building towards.

Q6 from Telegram user @alptrader
What kind of lottery dApps can be built using your “Lottery as a Service” program?

David [blowfish.one]:
The two biggest options I’ve seen:

• Projects looking to raise marketing funds
• Projects looking to improve their token liquidity

The lottery DApp can be customized to take a % cut for the project owner. So this can be a fun way for a token to raise marketing funds in their community.
Locking liquidity tokens is also an interesting model we’ve come up with for our lotteries. This gives holders incentive to add and lock liquidity in a fun way.

Q7 from Telegram user @atillayeni
I wonder the real potential of the BlowFish. How many projects are using your services right now?

David [blowfish.one]:
We have 5 projects partnered, and I was just told a 6th partner in the works 🙂

Q8 from Telegram user @Xusuo
Blowfish is a memetoken which also doing partnership with Bingus Token. Actually this is great because I also know Bingus already doing AMA in Satoshi Club. But can you mention what the purpose and the result that Blowfish get from partnership with Bingus Token?

Lat @ Blowfish [Will never DM first]:
Our partnership with Bingus has succeeded at both bringing us new holders and bringing publicity to our lottery service. We might also collaborate more in the future, so this way we have found a great partner.

Q9 from Telegram user @smelekin
Why other token projects might want to use your dapps?

David [blowfish.one]:
Our DApps allow token projects to very rapidly add new utility to their tokens.
Some of these projects may also have less technical teams and may not have the ability to easily develop DApps themselves.

A lot of projects like to put “DApps” or “NFT’s” on their future roadmap. BlowFish is how they could get it done 😊

Part 3 – Quiz Results

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

Our partners:
Blowfish Telegram community:   https://t.me/blowfishtokengroup
Twitter:  https://twitter.com/blowfishtoken

We are pleased to announce our next AMA on May 30th 2021 at 01:00 PM UTC Time: Satoshi Club x Hedgi

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Hedgi Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Hedgi Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Hedgi

For more details:
Hedgi Website – hedgi.finance
Hedgi Telegram – @hedgifinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 28th 2021 at 01:00 PM UTC Time: Satoshi Club x OnionMixer

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join OnionMixer Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. OnionMixer Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about OnionMixer

For more details:
OnionMixer Telegram – @OnionMixerOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 21st 2021 at 10:30 AM UTC Time: Satoshi Club x DragonBite

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DragonBite Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DragonBite Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about DragonBite

For more details:
DragonBite Website – dragonbite.io
DragonBite Telegram – @DragonBite
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 20th 2021 at 11:00 AM UTC Time: Satoshi Club x Liquifi & Mars Economy

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Liquifi Telegram group
👉 Join Mars Economy Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Liquifi x Mars Economy Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Liquifi & Mars Economy

For more details:
Liquifi Website – liquifi.org
Mars Website – @marseconomy.org
Liquifi Telegram – @LiquifiGroup
Mars Telegram – @marseconomy
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

PART 1. Introduction of Evanesco project and community questions.

 Hello, Satoshi clubbers and guests of this site. Let’s talk today about Next Privacy Finance Ecology Protocol.

Evanesco is the unique financial protocol platform in the Web3 ecology that combines Layer0 network infrastructure and privacy computing framework & provides safe, reliable, and efficient network access and encrypted financial services for the Web3.0 application and DeFi ecology.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @Satoshi_club

D. | Satoshi Club – @Cool_as_Ice

The Representative of the project:

Andrew – @andrewding – Evanesco product director

Justin – @papayasoak 

Introduction of Evanesco project.

Mary | satoshi club:

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

D| satoshi club:

Today our guests – @Andrewding and @Justinewie !

Andrew:

Nice to meet all guys here 😀🤝

Mary | satoshi club:

Welcome here 😀 How was your day?

Justin:

Hello thanks for having us! 😀

Mary | satoshi club:

Hello, Justin! Nice to e-meet you! So, let’s start 👍 Guys, could you please introduce yourself and tell us more about Evanesco?🥳

Justin:

Feel free to check out our project, EVA on the following links:

👉🏻 join the following groups and channels:

Telegram | website | Twitter | Medium 

Andrew:

Ok

Hello everyone, I’m Andrew, the Evanesco product director. I used to be the head of the public chain ontology and the blockchain products of a large e-commerce company. Our Evanesco project is a financial protocol platform that combines layer0 network infrastructure and privacy computing framework.

Mary | satoshi club:

Ontology, that’s cool!

Andrew:

Simply put, we provide privacy protection for the current blockchain transaction network, and our privacy protection is the whole process, from the bottom layer of peer-to-peer network to the blockchain ledger layer, and then to the application layer, such as wallets, exchanges, and DeFi/NFT transactions, etc., and all of these can obtain privacy liquidity through our privacy protocol technology.

Mary | satoshi club:

Privacy that’s what we need! 😀

Andrew:

Done

Mary | satoshi club:

Did you develop Evanesco project for a long time?

Andrew:

Yes, we prepared for EVA for almost two years

D| satoshi club:

Why have you decided to release it now?

Andrew:

Most of our time is spent on the basic layer0 network. Recently we have finished our rust version of the privacy network client.

D| satoshi club:

Got it! So now it’s a good time for release, everything is ready and working? 😉

Andrew:

Yes, it’s time for us to show our tech and products

D| satoshi club:

Awesome! Thank you for the nice intro! Let’s go to the details and open the first part of ama? 😊

Mary | satoshi club:

Fantastic!👏

Andrew:

Ok 🤝

Preselected questions about the Evanesco DeFi project.

D| satoshi club:

Q1 from telegram user @nadee5

Congratulations!

Evanesco has become the first officially recommended ITO by mask network with community votes .it shows huge community is with Evanesco, and also all whitelist participants will be listed EVA foundation’s June airdrop plan. Please tell Satoshi clubbers more details about this event and how to join the ITO? Any special reason to select a mask network for your ITO? Why does ITO hold in two rounds? How many whitelist positions for each round?

Andrew:

You should finish some tasks, like hold masks, follow and retweet EVA’s announcement twitter about ITO date and whitelist rules,

join EVA’s official telegram group chat

Now, you still have a chance to get EVA ITO  1st round by referring 5 or above users to join in Evanesco official telegram group

We Evanesco are based on our strong agreement with mask network for the protection of social privacy. After discussions with the EVA foundation, we decided to participate in the ITO.

Yes, we design two rounds to release EVA for more different users to participate in our ITO, and round 1st max buying amount (single address): 800 usdt (erc20)，round 2nd max buying amount (single address):：400 usdt (erc20）

 no limited positions for each round, fcfs

Mary | satoshi club:

When whitelist will be closed?

Andrew:

Mary | satoshi club:

We still have one-week 👍 To apply for the whitelist.

Andrew:

Yes, it’s hot now.

D| satoshi club:

One short question – do people have to pass KYC verification to participate in ITO?

Andrew:

No need to do KYC, but you should submit some info, like a Twitter account, telegram account.

Mary | satoshi club:

Is it to protect from bots?

Andrew:

Yes, absolutely.

Mary | satoshi club:

Thank you for your answers! Ready to proceed? 😀

Andrew:

Yep, go ahead

D| satoshi club:

Q2 from telegram user @korryl

I read that Evanesco has 3 main products inside your platform, that is two-layer consensus system, a layer private network and last is smart privacy transaction engine. Could you please explain what is the use of each product? How do they work and how to use them?

Andrew:

Ok，let me introduce these 3 main features of Evanesco

1)  the original layer 0 privacy network, which provides multi-hop privacy network transmission, hides the routing information of both parties in the transaction, isolates identity information, strengthens the protection of traditional encrypted asset transactions, DeFi transactions, and NFT asset transactions, and provides a privacy mechanism at the account layer/account layer. , application layer privacy transaction protection, hide transaction content, view and transfer transaction content and assets according to contract authority, and realize three-layer privacy protection of routing, assets, and transactions;

2)  the advanced GPOW double-layer consensus mechanism. This consensus is composed of pow miners and pos verifiers. Pos verifiers confirm transaction settlement and profit-sharing. Pow miners mint coins and elect pos verifiers to cooperate with each other to eliminate potential centralization risks to achieve fairness and more people a trustworthy vision of building the next generation of financial ecology. The GPOW consensus engine is developed based on the hash rate proof mining algorithm and Polkadot’s grandpa algorithm.

3)  for a smart privacy transaction engine. Evanesco provides different decentralized privacy transaction groups for different tokens and NFT assets, standard external interfaces, excellent scalability, and convenient financial ecological expansion. Evanesco has core components for the synthesis and dismantling of diverse assets. Provide complete privacy financial derivatives solutions.

What needs to be emphasized is that our moat,  a layer0 privacy network. As a complete privacy public chain, the technical difficulty of our Evanesco will be higher than that of some DeFi and NFT projects, such as cryptographic protocols and underlying privacy networks. Since we are the layer0 infrastructure of the privacy network, we can not only empower Polkadot ecological privacy attributes, we will also link to more blockchain platforms, such as BSC, HECO, Solana, eth, etc.

Done😀

Mary | satoshi club:

You know that a lot of users tell that they have nothing to hide and they don’t need privacy networks. What can you answer them?

Andrew:

At first, I also did not care about my privacy about blockchain trading, but as time goes by, I found that I have no privacy with my digital assets address. Evanesco is aimed to serve these people who want to have privacy on blockchain trading, including wallet users, exchange users, dark pool users etc.

D| satoshi club:

That’s cool.

 Since you use POW algorithm for mining, do miners need some special and expensive hardware to mine coins?

Andrew:

In the beginning, PC is allowed to join our mining network.

D| satoshi club:

But later more powerful hardware will be needed?

Andrew:

Still under discussion, but early birds catch worms.

D| satoshi club:

Well said 😊👍

Mary | satoshi club:

Great answer😀 Thank you for your answers! Ready to proceed?

Andrew:

Yes

D| satoshi club:

Q3 from telegram user @indomiekuy

Evanesco has created a token name with EVA token. Can you please tell us what is the main role of EVA token in your ecosystem and how about your tokenomics distribution? Is there any benefit for users holding your token?

Andrew:

Eva is a network-wide governance certificate and a transaction fee certificate. The main roles include various transaction fees, privacy data routing, cross-chain commission fees, asset transaction/synthesis fees, asset issuance fees, cross-chain gateway and transaction verifier pledge fees, etc.

The total amount of EVA is 1 billion, the total amount of mining is 400 million, the minting cycle is 10 minutes, and each pow block rewards 2000eva, which is halved in about 694 days.

There are many income areas, such as the pledge income of the coming mining network etc.

Done😀

D| satoshi club:

So better way is to join your mining early to get more rewards 😄😉

Mary | satoshi club:

Will you have governance?

Andrew:

Yes, DAO is also planned to conduct in our roadmap for governance

D| satoshi club:

By the way, can you share your roadmap?

Andrew:

Plenty of important milestones coming up in the #Evanesco roadmap

Which milestone are you most excited for ❔ pic.twitter.com/UFj6Mvc0Dw

— Evanesco Network (@evanescoio) April 27, 2021

Mary | satoshi club:

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

Andrew:

Yes, I am ready.

D| satoshi club:

Q4 from telegram user @highpee

One of the unique attributes of Evanesco is that you are capable of offering privacy even in liquidity pools and you will have a liquidity dark pool that will be used to protect user’s identities and ensure the privacy of LP providers. In what way can a dark pool be deployed effectively and still be able to ensure transparency or openness in the activities of such pool? How will you be able to determine and track the respective LP assets contributed by liquidity providers in order to determine a corresponding APY and reward that should accrue to LP  investors in an encrypted liquidity asset pool structure?

Andrew:

First, the dark pool can hide the user asset details and account information, but the number of each asset in the pool is transparent, that is, the investment income ratio of each asset can be tracked, and the user himself holds the private key and can the details of your own assets and APY are displayed on the wallet. The assets as income are allocated to a certain LP asset as a whole. This asset is also transferred to the user’s account in a private transfer mode. The entire process is secured through zkp.

Secondly, even if the income is transparent funds, the user can obtain income by providing a certain asset certificate, that is, by proving the share of lp. This certificate can be a partial share, without the need to provide a complete balance, and the combination can be proved through multiple shares. And the method of extracting different income assets can completely hide the income situation of the assets. We are still iterating on this part

Done🤝

Mary | satoshi club:

As I understand you already tested everything, and it should work perfectly, right?

Andrew:

Yes, we have tested the privacy network, tech developers can join our Discord  and start our GitHub

Mary | satoshi club:

What about security? Can it be audited or may already be?

Andrew:

Yes, it will be audited, and recently we will announce the audit process.

D| satoshi club:

So, all information about the user’s assets in the pool will be visible only to users who have keys? And it would not be displayed in blockchain?

Andrew:

Yes, it also won’t be Monitored by third party.

D| satoshi club:

That’s cool. We need such a level of privacy 👍

Mary | satoshi club:

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

Andrew:

Yes, lets do it

D| satoshi club:

Q5 from telegram user @cryptofollower

Why EVA has 10 minutes block times. Don’t you think 10 minutes is too long for a financial protocol? How do you overcome the transaction speed problems? As bitcoin also have the same block time people don’t want to use Bitcoin network for transactions. And could you please explain what is layer 0 network infrastructure that you are combining?

Andrew:

According to the successful experience of bitcoin operation, we set the block generation time at about 10 minutes.  But it doesn’t affect our financial protocol operation.

Eva has an open/private p2p network composed of miners, providing private communication services while mining, maximizing the community and security of the network

We can see this picture to explain the layer 0 network

1.the client establishes a connection with the entry node 1, and generates the connected session and the sink node id (node   2).

D| satoshi club:

So, speed of your network will be faster than BTC transactions? 😁

Mary | satoshi club:

I also wanted to ask this question, because when number of users and transaction grows they always loose speed.

Andrew:

😂 Yes, bitcoin is too slow,  our block time doesn’t affect our mainnet trading speed since our consensus mechanism is not the only pow, we are GPOW,  pow with grandpa pos

D| satoshi club:

Nice! Thanks! That was important to clarify 😊👍😁

Mary | satoshi club:

Can’t wait to try it, I am a big privacy network fan😀

Andrew:

2.access node 4 receives the encrypted connection request and forwards it to the target node.  The target node with the corresponding private key decrypts to obtain the session number and the sink node then informs the access node 4.

3.after the access node 4 knows the sink node id, it selects the relay node (node   3) from the DHT and establishes a connection with the node 2 through the node 3.

4.the entry node 1 establishes a connection with the sink node 2. Then the initiating node c and the target node are successfully connected. A default connection has 4 hops.

Mary | satoshi club:

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

D| satoshi club:

I have a big collection of privacy coins as well 😁

Andrew:

Is EVA the next one?😄

D| satoshi club:

💯

Mary | satoshi club:

Don’t doubt 😂

Andrew:

We are mining coins in fact.

The financing part is not high, and the online unlocking is very small, so the early EVA circulation is also very low. And the tokens generated by our mining accounted for 40% of the overall proportion.

Done 🤝

Mary | satoshi club:

And that’s even better! You will have wide audience 😀

Andrew:

And also provide privacy for network

D| satoshi club:

Two in one  👍

Mary | satoshi club:

Which wallets we will be able to use to store EVA?

Andrew:

We will see in the coming weeks,  we have generated the EVA on erc 20,  and once  our mainnet launch in q3,  we will switch it into our network, since we EVA  are a  complete privacy public chain

D| satoshi club:

Awesome! We will follow your updates 😉

And the last question from part 1!

Q6 from telegram user @pratze

I read from your site, Evanesco will have a feature about NFT name with “privacy NFT market” actually there is already so much NFT market out there for example Opensea, Rarible, Atomichub and other. But what innovation do you bring to your NFT market? What is the meaning of “privacy” in your NFT market?

Andrew:

In the beginning, I mentioned that we are the first layer0 of privacy network infrastructure. We are doing the bottom layer things in the privacy track. There are many scenarios where our privacy network can be used on the superstructure.

NFT is also an important one. Empowering the private transactions of NFT assets with our underlying privacy protocol network is DeFinitely our focus.

Of course, we will also work with other partners in the privacy track to build the privacy and security of NFT transactions.  Recently we EVA has reached strategic cooperation with the leading NFT marketplace pacific, and Evanesco will safeguard NFT assets and trade safety on pacific full-stack.

We're excited to announce a strategic cooperation with NFT marketplace @Pacific_NFT!

Learn more about this cooperation in the article below 👇https://t.co/DUqrN0xP34

— Evanesco Network (@evanescoio) May 11, 2021

Mary | satoshi club:

Will Evanesco have its own NFTs?

Andrew:

At first, we will cooperate with NFT projects to supply them with privacy protection. We are also planning to turn our pow computing power into NFT assets.

D| satoshi club:

Wow, this is interesting.

Andrew:

And then these pow NFTassets can also join in DeFi to DEX.

Mary | satoshi club:

So, as with transactions NFT owners won’t be visible?

Andrew:

Yes, hide the identity and payment info of the transaction, protect the privacy of both parties in the transactions.

Mary | satoshi club:

Awesome 😎

Mary | satoshi club:

Thanks, Andrew! You DeFinitely got more supporters today!

Ready to proceed with the live part?😀

Andrew:

Yes

Mary | satoshi club:

Let’s go 🚀

PART 2.Questions about the Evanesco 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 Evanesco protocol crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @badboi02

Why name Evanesco?

Andrew:

Evaneso, which derived from Latin, means “vanishing without trace”, you can imagine it with our privacy feature😀 It is also one of Harry Potter’s Spells lol.

Q – 2 from a telegram user @feranno

What is your goal regarding the multi-ecosystem Defi and NFT market, will there be unique solutions to bring to the market? 

Andrew:

Yes, We will provide a full-link privacy solution, from the bottom layer of the peer-to-peer network to the blockchain ledger layer, and then to the application layer. 

Q – 3 from a telegram user @messilolz

I have never word ITO before, is it different than IDO or as similar to join?

Andrew:

You still have a chance to join our ITO, read the details about our ITO through this tweet https://twitter.com/evanescoio/status/1391043806481453056

Q – 4 from a telegram user @Jodasf

What is the GPoW consensus and how important is it for the proper functioning of Evanesco. could you also add a brief explanation of how it works?

Andrew:

GPoW is a two-layer consensus mechanism that combines pow and Grandpa algorithms. Of course, we have made a series of optimizations to Polkadot’s Grandpa algorithm. Here we can introduce our calculation power proof and consensus profit-sharing mechanism.

1) The chain is divided into a profit sharing cycle and a transaction block cycle
2) In each profit sharing period, the miner calculates the proof of calculation power and calculates the VRF according to the hash of the block where the proof of calculation power is located and confirms the gap and parameters of the next proof of calculation power.

3) Miners with high computing power can provide multiple proofs of computing power in a profit sharing cycle, but they do not increase linearly
4) At the end of each period, the contract will divide profit according to the proof of computing power The main advantage of GPow is the organic combination of token casting and final consistency confirmation to provide near real-time, asynchronous and secure finality. It is the incentive and security guarantee of the Layer0 network protocol layer, which maximizes security in the current network environment.

Q – 5 from a telegram user @AllenLu

Your market is very global and Defi + CEFI?

Andrew:

Yes, Evanesco is the global blockchain project and public chain

Q – 6 from a telegram user @nadee5

Is Evanesco available as a mobile app?
Specially for trading?

Andrew:

In the coming weeks , soon, don’t be too harry

Q – 7 from a telegram user @highpee

Layer 1 and Layer 2 protocols are popular in blockchain technology and protocols have build on them to offer crypto – solution that can focus on specific blockchain interest that improve user experience. However, I discovered that Evanesco is a Layer 0 privacy network. What is the benefit of building on Layer 0 and how does it strengthen private network communication services that you offer?

Andrew:

layer 0 is the basic infrastructure, and in the future will also link to more blockchain platforms, such as BSC, HECO, Solana, ETH, etc., to empower our core layer0 privacy protocol network,

Q – 8 from a telegram user @SatoshiUncle007

Do you have a strategy for educating non-Crypto users? Please explain to me?

Andrew:

Currently, we are doing the public chain, in the future we may introduce our privacy protocol to traditional areas with no -crypto.

Q – 9 from a telegram user @Xusuo

Evanesco project is a financial protocol platform. Can you explain to me what are you focus for now or your short-term goal for the Evanesco project? And also how about your long term goal, what achievement do you want aim to reach?

Andrew:

For short-term goals， we are focusing on testnet & mainnet launch， mainnet is supposed to be launched in Q3 in 2021, also we are engaged in empowering the multi-ecosystem defi & NFT market with privacy features during this time.

For long-term goals, we are aimed to build privacy financial platform,including private financial open platform, value-added service of private transactions, private lending market,privacy NFT market

Q -10 from a telegram user @pixma00

I understand that as of May 12, the Evanesco whitelist event will begin through the Mask Network. Can you detail to us what are the criteria to participate in it? Will all users participating in the ITO whitelist campaign be included in the June airdrop plan? What are the Evanesco ITO whitelist rules? Why ITO?

Andrew:

Yes, you can know more about our ITO by this tweet https://twitter.com/evanescoio/status/1391043806481453056 , it’s hot now!

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Evanesco project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

  English Telegram group  |  Russian Telegram group   |  Spanish Telegram group  |  Telegram Channel   |  Twitter |  Website 

Our Crypto Partner by this AMA: Evanesco

Telegram group  | GitHub |  Tweeter  |  Website  |  Discord

We are pleased to announce our next AMA on May 18th 2021 at 05:00 PM UTC Time: Satoshi Club x Cribnb

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Cribnb Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Cribnb Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Cribnb

For more details:
Cribnb Website – cribnb.org
Cribnb Telegram – @cribnb_discussion
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 27th 2021 at 01:00 PM UTC Time: Satoshi Club x PolkaWar

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join PolkaWar Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. PolkaWar Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about PolkaWar

For more details:
PolkaWar Website – polkawar.com
PolkaWar Telegram – @polkawarchat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 26th 2021 at 01:00 PM UTC Time: Satoshi Club x Mogul

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Mogul Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Mogul Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Mogul

For more details:
Mogul Website – mogulproductions.com
Mogul Telegram – @mogulproductions
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from MetisDAO, a platform where you can build your blockchain, DeFi or NFT business without being a developer. The AMA took place on May 11 and our guests were Elena Sinelnikova (co-founder) and Kevin.

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

---

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Paul Mont | Satoshi Club: Hello Satoshi Clubbers! Today we are excited to announce our AMA session with MetisDAO! Welcome to Satoshi Club. @elena_cryptochicks @kevinmetislab!  Welcome! Great to have you here!

Gold Rocket | Satoshi Club: Today our guests are @elena_cryptochicks @kevinmetislab!

Elena Sinelnikova: Hi everyone! Happy to be here, Thank you for the invite! Waiting for @KevinMetisLab to join.

Paul Mont | Satoshi Club: Please tell us more about your background. How did you get to be involved in crypto & MetisDAO?

Elena Sinelnikova: My name is Elena Sinelnikova. I am Founder of CryptoChicks.ca and Metis.io. I have a tech background – over 20 years’ experience working as Microsoft solutions architect in Canadian government and law enforcement. In 2015 I became interested and started learning in blockchain. In 2017 me and my friend Natalia Ameline founded Crypto Chicks – a female organization focused on blockchain education for women. We started it as a small meetup group and nowadays it grew to have chapters in 56 countries.

I met my two Metis co-founders a few years ago – Kevin Liu, who is an excellent product manager and released products before with 100 million downloads and Yuan Su, who was in the IBM team that built the very first Hyperledger. We were partners in one of the educational projects with CryptoChicks. Then we worked together on the Token Economy Institute project that grew into Metis Protocol. We have a long history before we became co-founders for Metis. Now Metis has 26 people working on the project – we accomplished so much! Creating a great product!

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

Elena Sinelnikova: Metis is a platform where you can build your blockchain, DeFi or NFT business without being a developer. We are building the platform for people as well as companies to benefit from the perks of blockchain technology without being aware so much that they do so on the blockchain. There are lots of barriers for people to really use blockchain for business – we tackle all the barriers.

We built a tech to protect our users from the hiking gas fees and provide them with high throughput of transactions and at the same time provide them with all the perks of blockchain such as trust, security and transparency but with added rich functionality and minimal learning curve. Nowadays in order to use blockchain hence to start the business, you need to be tech savvy and prep lots of funds to hire expensive blockchain developers. We are building a tech that allows anyone to launch business on blockchain without money or special skills. Come to the Metis platform, create your business unit – we call it DAC (Decentralized Autonomous Company) in two clicks and launch any of the following: NFT minting and trading business, freelance business, freelance business.

Kevin: An active researcher of the Token Economy, DAO and the governance protocols. A serial startup entrepreneur.

Q1 from Telegram User @yellowchamp

One of the feature of Metis Dao is an Optimistic Governance in which stated in your website that “the best governance is NO governance at all” so can you explain more about this statement? How does Optimistic Governance work in Metis Dao? What is the role of the community in your platform since you are in an Optimistic Governance form of management? How it affects investors? What is the strong points of having an Optimistic Governance? Thank you.

Elena Sinelnikova: Metis platform implements Optimistic Governance, which means anyone will be able to create an account and use blockchain features to do the business on the platform, but needs to play by blockchain rules to prove that they are good players. For example, once you create an account you get an NFT passport where all your deeds on the platform get recorded and you keep earning the reputation. You can’t buy reviews on the platform, like for example you can buy user reviews for centralized ones.

Another part of the Optimistic governance on Metis is staking and pullback, which means you will need to stake some amount of tokens to start the collaboration with others on the platform. These tokens will be returned to you once collaboration is completed. You also will be paid and rewarded by Metis token on the platform. We made this process extremely simple. We made this process extremely simple.

Paul Mont | Satoshi Club: So reputation is individual for users, but also there is a DAC reputation as well?

Elena Sinelnikova: It is completely decentralized and not controlled by any centralized entity, not by MetisLab company that created it, not by the government. Everything is based on your own performance, collaborations and contributions. Next question.

Q2 from Telegram User @victorogb

MetisDAO recently announced its strategic partnership with Gate.io, that will allow $METIS to trade on Gate.io thereby joining Uniswap as the second exchange that will also allow investors trade $METIS tokens. Gate.io will as part of the agreement, host a sale of METIS tokens on its startup platform and participation is subject to meeting certain conditions and criteria. Therefore, what are the general requirements to participating in this sales and are there separate rounds and investment categories available to traders, what is the long term projection of MetisDAO in terms of expansion and listings on.

Kevin: As it described in Gate.io, to participate in the startup sales, you should be VIP1 level, please check https://www.gate.io/en/article/20681/?ch=en_sm_0521  for more details. We have finished all the fundraising rounds, and will start to trade on May 13th. So there will be no separate rounds available. Metis supports decentralized business running on our layer 2, Metis Rollup. So we support various applications, including Defi, NFT, collaborations, and many more innovations. The expansion of our ecosystem will be fast but steady. And more listing on exchanges will be coming soon.

Elena Sinelnikova: BTW there are lots of scammers that impersonate Metis now, so please be careful. Join our telegram group to have the truthful information : https://t.me/MetisDAO

Q3 from Telegram User @Highpee

Most decentralized Crypto platforms often offer unhindered and unrestricted access to their docs, blogs and project resources in other to acquaint investors with both capital and small letters details of their projects. However, after being able to scan through few articles on your medium, I was denied access to further documents and was told I have to subscribe in order to educate myself about your project. Why are you monetising your documents and repositories? Don’t you think this can be discouraging to interested users who wish to get informed about MetisDAO? Is this not against the decentralised principle of being open source and transparent or was this collectively agreed by your ecosystem?

Elena Sinelnikova: You have probably hit the Medium restrictions that has nothing to do with Metis. All our articles are available to everyone, You can have access to all Metis medium articles via metis.io website: https://www.metis.io/learn/

But this centralization issue is exactly what Metis is solving. As a decentralized platform Metis will be providing Knowledge Management feature to the participating projects, companies and individuals based on their contribution. You contribute to Knowledge management and you get to use the Knowledge Management contributed by others. All rewards will be based on the contributions. No one can ban you or deny your account. It is fully decentralized.

Gold Rocket | Satoshi Club: Thank you very much for the clarifications and answers! this is very important information.

Elena Sinelnikova: We do it via our Layer 2. Metis is building a whole new Layer 2 framework (called Metis Rollup) to support the decentralized economy running on the blockchain. Various Layer 2 solutions, including rollups, state channel, and plasma, are all aiming to reduce fees for users and increase transaction throughput. But for Metis, we jumped out of the box.

Compared with other Layer 2 solutions, Metis is highly scalable (supporting multiple virtual machines), highly functional (micro service framework for easy extension of toolkit), highly usable (EVM-compatible) and self-sustainable (supports DApps/communities to launch their own tokens). Metis also defines a new DAO structure, DAC (Decentralized Autonomous Company). DACs act as the fundamental unit to support the operation and management of decentralized applications, communities, and business.

Q4 from Telegram User @Jonahapagu

For verification and validation purposes, the Metis platform uses the concept of L2 Rangers in their MVM (METIS Virtual Machine) … can you explain how this concept works, who makes up the L2 Rangers, what do they do in the validation and verification process, what benefits do the L2 Rangers get as Validators, and how can users become members of this special DAC called L2 Rangers.

Elena Sinelnikova: Users can stake a certain amount of metis tokens to participate in the ranger DAC. DAC (Decentralized Autonomous Company) they will be assigned a random range of transactions from all DACs along with the starting stateroots. The rangers will compute and submit the state root. a challenge process will trigger if the majority of the assigned rangers resulted in a different state root from the one submitted by the sequencer.

Rangers will get reward or penalized based on the challenge process, Rangers will also be able to mine Metis tokens when they participate in the exercise. The consensus among the rangers are done via power of stake. We are currently in the process of patenting this technology as it outperforms all our Layer 2 competitors, So, I am very proud of the tech that we built!

Paul Mont | Satoshi Club: You should, the underlying design is apparently brilliant! Thank you for the comprehensive answer.

Q5 from Telegram User @cryptofollower

I see on your website about Metis token airdrop is coming up soon. Is it only for early investors or is it for the all community? What are the requirements we need to participate for the airdrop? Also I couldn’t find anything about Metis token tokenomics on your whitepaper. Could you please tell us about Metis token and what are the features for long term investors?

Kevin: I will take this one. Airdrop is for all the community, for the one we are doing with Coinmarketcap, https://coinmarketcap.com/currencies/metisdao/airdrop /  anyone can participate. We also have our alpha testnet on the run(https://alphatest.metis.io/account/login?next=%2F) , people can try to build your own decentralized company(DAC) on our Metis Layer2 platform, do tasks and knowledge collaborations, and get rewards for participating and hunting bugs.

For Metis Token, it’s the utility token for staking into the system as a commitment to conduct collaborations. It is also the medium of exchange for all the DAC business activities or the tokens that these DACs will issue.   It is also the medium of exchange for all the DAC business activities or the tokens that these DACs will issue.

for the token allocations and vesting schedule, please find more information here  https://www.gate.io/en/article/20681/?ch=en_sm_0521

Paul Mont | Satoshi Club: By the way, let me tell you, I was astonished by the “Rebuilding the Tower of Babel” initiative, it managed to gather so much interest… which resulting in a 16.1 ETH selling price. You guys must be proud of the outcome as well as the outstanding community involvement!

Kevin: yes, 12K wallets connected to participate this event, it all proves that we are on the right track, providing easy-of-use and fun to play with.

Elena Sinelnikova: https://opensea.io/assets/0x5628d3eec4349e70541721bfc9f6ef7d70969d1b/0

https://tribe.metis.io/home   This is the real one! Beware of the fake ones that popped up on OpenSea now too.

Q6 from Telegram User @NataliyaKil

I found out that MetisDAO has some kind of user rating. What is this rating, what does it depend on, what benefits does it bring to the users themselves, who generally monitors the updating of this data and how often is it updated? The users themselves have access to this information, is there any section or table of this rating on your site?

Elena Sinelnikova: You are talking about the NFT passport – I touched on it earlier. NFT passport is used to track your activities on the platform – good and bad and adjust your Reputation Power automatically without anyone’s involvement. You will be able to stake this token to start a new collaboration, So, the other party can see your reputation and decide if they want to deal with you or not. This is the mechanism for the true rating. If you are a good player and complete all contracts and collaboration on time and provide value to other players on the platform – your reputation will grow indefinitely.

Paul Mont | Satoshi Club: So basically more reputation, more collaboration opportunities, right?

Elena Sinelnikova: If you overlook something or deliberately did something wrongful – your reputation will be deducted.

Paul Mont | Satoshi Club: It seems like a win-win design to me.

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram User @highpee

You had a special NFT Airdrop tagged: “Rebuilding The Tower of Babel”. I can see that the total available NFT Airdrop is 2560 and total claim is 256. Does it mean that there are still NFTs left to claim? And since you said you will have 256 tribes, are the number of claims completed already?

Elena Sinelnikova: We ran the Tower of Babel community building and on boarded 2560 communities. All of them received NFT token that will have mining power in Metis, it means they will be able to mine Metis tokens. The first 256 received the monetary reward from the Tower of Babel OpenSea auction proceeds (16.1 ETH divided by all). The rest claimed NFT to mine in the future.

Q2 from Telegram User @highpee

Why is it necessary for you to create your own Layer 2 solution when we have other popular rollups like zk-rollups, optimism, Matic etc? How proven is METIS Rollups technology as it compared with others and can it allow faster and secure decentralized user experience on the Ethereum blockchain network faster than other available alternative?

Kevin: We have studied rollup for quite a while, I have to say they made a lot of progress, but the current mechanisms still have a lot of room to optimize. For Optimistic rollup, it is still very centralized designed, with one virtue machine to control all the application’s operation. And also its withdraw time is too long (1-2 weeks to withdraw money from Layer2 to layer1), and no privacy configurations for business who hope not to disclose confidential information. These are just some examples that Metis is optimizing.

Q3 from Telegram User @TrickyMoeid

The gas fee on Ethereum blockchain is crazy high. Why did you decided to build your project on ETH? Any plan to incorporate with other Blockchain such as BSC?

Elena Sinelnikova: Metis solves exactly this problem – we will help to lower down the transaction gas fees via our rollup solution, so our users don’t have to worry about the gas cost, and can focus on the business and community development. We also built out tech the way that it is portable to other blockchain. We also built out tech the way that it is portable to other blockchain. We also built out tech the way that it is portable to other blockchain. For example, we already have a plan in place to settle transactions on Casper blockchain as well. Other blockchain can be also the option – we will make an announcement about that if anything like that is decided.

Q4 from Telegram User @Robotliker1

What are the biggest milestones achieved by your project till now? What are your strengths and weakness of the project?

Elena Sinelnikova: We have released the Layer 2 alpha testnet, and also launched a demo app called “Prologue” to demo the speed and low cost of Layer 2, you don’t have to spend so much gas cost and wait for a long transaction time to conduct the onchain actions. Please try to test and create your very first Decentralized Company (DAC) on Metis, the test linkage is alphatest.metisdao.org

The testing has gone through 3 weeks, now we have 12,683 Wallet Created, 6,856 DAC (Decentralized Autonomous Companies) Created, Testnet Transactions number is 166,859, Layer2 Smart Contract Calls number is 22,607. So just in 3 weeks, we have received so much interest from the community without any promotion. This was our Freelance use case that users of our future platform can take an advantage off – as I said you will be able to run business, so for those whose business is freelancing – they can already see how it works on Metis platform.

We also launched The First-Ever Community-Minted NFT Event: Rebuilding the Tower of Babel – we talked about it already, 12,118 Wallets Connected with this event, created 2,560 Tribes in 100 minutes, and the number of full Members (15 Wallets Trusted) Tribes is 1,204.

We are focusing on developing our Layer2 and in parallel the priority use cases, for example freelance use case, secure messenger with ability to send crypto, NFT minting and trading usecase. We are forming strategic partnerships with other companies that are ready to build on top of our Layer2 and become the part of our ecosystem. As of now lots of NFT companies reached out to us – they would like to use no gas fees advantage to min and trade their NFTs.

Q5 from Telegram User @Sumione

What do you have on your roadmap ahead in next three months? what are your priorities and long term goals??

Kevin: We will have another version of testnet coming next month, which will allow more developers to develop on our layer 2, and in 3Q, we will have our mainnet launched. The priority for us is to build a builder-friendly environment to allow a lot of developers and projects to build applications on the blockchain, no matter they know blockchain technology or not. In the long term, we hope to be the infrastructure to support the whole web 3.0 economy running on the blockchain.

Q6 from Telegram User @Tony253210

MetisDAO claims that is the solution of current DAO issues, but Which problems exactly? Can we know How do you improve the DAO mechanism?

Elena Sinelnikova: As of now lots of NFT companies reached out to us – they would like to use no gas fees advantage to min and trade their NFTs.

Q7 from Telegram User @Manugotsuka

In your website it’s explained that MetisDAO use a Reputation Power System, so can you tell us how the Reputation works in your ecosystem? How users can get Reputation and which benefits brings have it?

Elena Sinelnikova: You will be able to enjoy our Reputation Power tracking mechanism where no one will be able to buy or fake the user reviews and therefore you will be able to engage in the collaborations trusting the other party – your client, your service provider or any other player on the platform.

Q8 from Telegram User @joson0305

Can you tell about your listing plans? Especially the ones involving major exchanges, CEX and DEX. What types Partnerships you are looking for and what values would they bring?

Elena Sinelnikova: Right now we are listing on Gate.io and Uniswap. These are the first steps. We will be listing on other exchanges as we progress!

Q9 from Telegram User @Xusuo

Can you explain about what is ‘Rebuilding The Tower of Babel’ NFT? It’s amazing that already sold for 16,1ETH, what will be the fund use for?

Elena Sinelnikova: The funds were shared already between all that participated in our community building. We had showed the power of the community with this. We are awarding our earlier testers, so in order to get rewarded with Metis tokens in the future, please subscribe to out newsletter and participate in our testing activities: https://metis.io/Subscribe

Q10 from Telegram User @Tony253210

MetisDAO claims that is the solution of current DAO issues, but Which problems exactly? Can we know How do you improve the DAO mechanism?

Kevin: the issues of current DAOs are most of them are only a voting shell structure, while voting is only a small part of the whole story if you operate a business in the physical world, you cannot have shareholder’s or board of directors meeting everyday, you will need a concrete management structure to manage and operate the business, we hope to make DAO become a real entity to conduct decentralized collaborations and business operations.

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PART 3, QUIZ AND INFO

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

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

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