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 0x_nodes and our guests were @superb_owl and @SwansonRonson. The AMA took place on 16 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 0xnodes! Welcome to Satoshi Club😀
D.
| Satoshi Club: today our guests – @superb_owl and
@SwansonRonson ! 👏
welcome to Satoshi Club
guys! 😊
how are you doing? 😇
for now we can read
this article, and find out more about project 😁
D.
| Satoshi Club: hello! good to have you here! 😊
Mary
| Satoshi Club: So, let’s start our AMA!
D.
| Satoshi Club: @SwansonRonson are you ready? 😉
Mary
| Satoshi Club: could you please introduce yourself and
tell us more about 0xnodes?😉
Swanson:
Sure lets go 🙂
ok 🙂 – 0x_nodes is a
cross-chain liquidity platform that provides secure synthetic asset movements
between blockchains – enabling broader yield aggregation strategies for Defi
users. 0x_nodes technology will provide seamless value transfer between
blockchains by utilizing a core mesh network between EVM ecosystems — and will
bridge the EVM network with external blockchain networks. This unidirectional
yield aggregation pulling from EVMs to the main-net will provide new
opportunities for yield, while also simplifying the experience for the
end-user.
Mary
| Satoshi Club: This sounds like a dream 🤩
D.
| Satoshi Club: this sounds like something from the
future 👀
Mary
| Satoshi Club: Do you have a big team? How many people
are working on 0xnodes project?
Swanson:
🙂 Yes sure 🙂
0xNodes is a comprised
of a development team (2.5 solidity devs, 2 react devs, multiple designers) and
a series of very talents advisors that are integrated deeply in our
future. We are in the process of hiring
a new executive team which will take about 6-8 weeks. 0x_nodes is growing:)
Mary
| Satoshi Club: Wow, that’s a big team😉 are you
anons or some members are public?
Swanson:
we are all 100$% doxxed – 🙂 and all information publicy available.
Mary
| Satoshi Club: Oh, cool!👏
D.
| Satoshi Club: and we can see it on your site
https://www.0xnodes.io/#team 😉
Swanson:
🙂
Mary
| Satoshi Club: Thank you for your intro, Swanson!
Ready to start with the
questions from our community?😉
Swanson:
Sure lets go!
D.
| Satoshi Club: 🚀🚀🚀
Q1 from Telegram user
@V1ct0r_26
I
saw that 0x_Nodes announced their IDO event on the CyberFi/Samurai Launchpad,
happening on May 17th, 2021. Could you share more about it with us? Why did you
decide to have your IDO on Samurai Launchpad and what expectations are you
planning to fulfill? How many $BIOS tokens will be offer in such IDO and at
what price? How long will this IDO be? And once it’s over, what will we next?
Swanson:
Sure—-
Sure – 0x_nodes reached
out to multiple IDO and launch platforms – most were not too concerned about
the technology and processes involved, we at 0x_nodes wanted a strategic
partner who asked the right questions and was willing to go above and beyond.
Our working relationship with Samurai has been brilliant from the beginning and
we hope to continue this relationship moving forward. The IDO will be 24 hours
with a token price of $5 you can find all information here
https://0xnodes.medium.com/
D.
| Satoshi Club: as i see whitelist for IDO is already
closed?
Mary
| Satoshi Club: Great approach!
Swanson:
Yes it is unfortunately, lisiting on sushi on the 18th
Mary
| Satoshi Club: So, your first listing will be on
Sushi? Not Uniswap as usually everyone doing?😉
D.
| Satoshi Club: by the way, why you decided to launch
0x_nodes on sushiswap? majority of projects always prefer uniswap as their
first dex, your decision somehow connected to uniswap v3? as far as i know,
some projects having issues with v3 at the moment
oops😄
Mary
| Satoshi Club: Your question is full😂 mine is
short
Swanson:
We think Sushiswap has some great upgrades coming forward and will eventually
outpace UNISWAP in months to come 🙂
D.
| Satoshi Club: 👍 got it! thank you for answer!
😊
Mary
| Satoshi Club: Thank you for your answers! We
definitely wish you to have success with your IDO!
Ready to proceed?
Swanson:
Thank you 🙂
Mary
| Satoshi Club: @Cool_as_Ice shoot the next😉
Q2 from Telegram user
@Highpee
One
of the features mentioned in your lite paper is Cross Chain FIAT Onramp
Integration as well as incorporation of FOREX and real world assets into Defi.
This is a bold target considering how delicately regulated this financial area
is. How will you be able to execute this feature and enable FIAT Cross chain
capabilities considering the restricted nature of the traditional financial
sector? In what way have you design your protocol be able to operate a FOREX
structure in Defi as well as extend operation into a larger investment latitude
through hedge fund involving synthetic and real world assets derivatives?
Swanson:
This is 0x_nodes end vision. we are in the process of building strategic
partnerships who can help build out this technology. I can’t really talk about this right now – but watch out for
updates 🙂
Mary
| Satoshi Club: Ok, gotcha 😀 btw, do you
already have some partnerships?
D.
| Satoshi Club: that will be a pretty cool feature, we
hope you will integrate it successfully 🙌
Swanson:
ohh – yes we will be announcing these in the coming weeks 🙂
Mary
| Satoshi Club: Ok, i see you prepared a lot of
announcments for your members! We will wait them😀
Thank you for your
answers! Ready to jump to the next question!
Swanson:
Of course 🙂 we have alot of information to be releases 🙂
lets go 🙂
Q3 from Telegram user
@Arisabela
The
0x_Nodes is a modularized protocol which has three parts: NON_EVM, ETH_MAINNET
and EVM, I’m not a tech expert but how do these parts contribute to create a
cross chain brigde for your platform? How do you achieve an universal
compatibility?
Swanson:
Good question – probably best to break it down as this and what 0x_nodes is
aiming to be – 0xNodes is a liquidity
aggregator, meaning that it has a method in place to pull in liquidity and
reward the user in protocol fees collected throughout the entirety of the
0xNodes network. Additionally we have an
asset allocation system that allows for remote access that you have stored,
debited, or credited to your account on chains active inside the 0xNodes
network.
D.
| Satoshi Club: thank for clarification! by the way,
can we ask you about security? do you have plan to do security audits of your
platform or perhaps you already done it?
im stole your favourite
question @madamlobster 👀
Mary
| Satoshi Club: Yes😂
Swanson:
Yes, we have some great partners who will be implementing security across our
technology and audits will happen regularly – 0x_nodes has a fantastic team ready tog o 🙂
D.
| Satoshi Club: 👍
Mary
| Satoshi Club: Thank you for your answers!
let’s go to the next
question!
Q4 from Telegram user
@cryptofollower
On
your roadmap Q2 I see there is a 0x_BIOS Airdrop distribution. There are 500k
$BIOS tokens as bounties planned. How can people earn from this airdrop? As I
know there are also another airdrop for holders of Xiot and Bxiot tokens. When
will snapshot be taken and what is the airdrop ratio for token holders?
Swanson:
so – good question
Anyone holding these
tokens will wait till tomorrow and have
the opportunity to take part in an airdrop – with will announced in the coming
weeks. Users do not need to do anything 🙂
D.
| Satoshi Club: that’s cool! thank you! time to buy
Xiotri😉😁
“owl”:
$BIOS**
sorry for the late
arrival, my calendar wasnt sync’d evidently
D.
| Satoshi Club: hello! welcome 😄
Mary
| Satoshi Club: Hello! Happy to see you here 🎉
“owl”:
any last second questions i can help
with?
Mary
| Satoshi Club: Yes, you know we really want to ask you
what is connection between 0xnodes and Xiotri?😉
D.
| Satoshi Club: by the way, is there a place for all
xioti tokens in 0x_Nodes ecosystem? i have check your litepaper and all
articles on medium, and i found that xiotri token not mentioned anywhere as a part
of 0x_Nodes or its future
“owl”:
simple answer is yes, in the ETH:mainnet module you’ll be using $BIOS+asset,
where the xiotri v1 tokens are a whitelisted secondary asset to deposit into
the module
D.
| Satoshi Club: got it! 👍
Mary
| Satoshi Club: Thank you for your answers! Ready to
proceed?
“owl”:
yeah, ofc
Q5 from Telegram user
@meml97
I
read on your docs that one of the use cases of $BIOS is in the governance of
your platform, but while looking for information about the governance itseflt I
couldn’t find anything about it, so can you tell us more about it? How will the
Governance of 0x_Nodes be? How can users be part of it and what role will your
token have on it?
“owl”:
yes, thats pretty standard stuff for the initial launch – proposals are
submitted, proposals are passed or not passed, onchain voting is enabled.
we plan on including
more advanced stuff like the segmentation of yield between high risk appetite
and low risk appetite in the long run
so really as fine
grained tuning as the community desires
Mary
| Satoshi Club: How you will incentive your members to
vote?
“owl”:
i suppose a community member will vote if they feel they want a proposal to
pass or fail
D.
| Satoshi Club: governance function will be available
right after launch on sushiswap?
Mary
| Satoshi Club: Yes, you have outstanding project and
it’s already big incentive itself to take part in its governance 😉
“owl”:
no – not quite, the token launches on may 18 (02:00:00UTC). platform is sleighted for a couple quarters
out, we have some unannounced functionality to deploy in the interim between Q2
<> Q4 ; through parternships and integrations that will be announced post
IDO
D.
| Satoshi Club: understood, thanks!
@madamlobster do you
have any additional questions, or we can go to the last question of this part? 👀
Mary
| Satoshi Club: No, everything is clear for me 😀
D.
| Satoshi Club: nice! then the last question?
@superb_owl
“owl”:
ofc! always happy to talk about 0x_nodes
Q6 from Telegram user @victorogb
With
a critical study of Oxnodes roadmap, it’s pretty clear that a bulk of the
network deployment operations will commence from Q4 2021 to Q1 2022, with
deployments across major chains such as ETH, BSC and MATIC coming first,
followed by others coming much later, in that order. Therefore, how will
Oxnodes carefully integrate most of it’s core features accross all networks
deployed, and talking about user preferences and choice, how will the Oxnode
network ensure that all deployed networks work optimally for it’s user
irrespective of specific operations or transactions?
“owl”:
oh thats a good question, real banger
so everything about
0x_nodes is designed to make life easier for the end user operation in the
decentralized finance space
our core thesis is that
the barrier to move assets, and operate on multiple chains is a hindrance right
now
so with that thesis
being the foundation, everything we’ve built so far is coming from that
perspective – simplifying the multichain experience (operating on BSC matic
mainnet), and then building yield aggregation modules on top
so a) make things easy
and simple, b) enhance the money flow of the operation
Mary
| Satoshi Club: Which projects are your competitors?😉
“owl”:
we’ve got an amazing dev team working on the money, and an even more amazing design
and ux team making the user flow simple, easy, and understandable
i mean, honestly – any
yield aggregator operating on single chain is probably a “competitor”
but we dont really think about it that way
we aim to be novel, and
innovative – just because everyone else is doing something doesnt mean its the
right way to do it
Mary
| Satoshi Club: Got it😀 can’t wait to see
everything working!
D.
| Satoshi Club: what about fees on your platform? do
user will have to pay fees every time when he or she wanted to switch the
network?
Mary
| Satoshi Club: True words!
“owl”:
so, fees are an interesting subject
the way that our
platform operates crosschain is much more of a lending platform than it is a
bridge, where you have to wait for the liquidity to move to the bridge in order
to have optimal usage
the fees for
interoperability from the 0x_nodes interface will be paid in the native $BIOS
token, while the user collects protocol fees in their respective chains native
settlement token (ETH, MATIC, FTM, BNB)
so we feel like its a
win:win for the end user
D.
| Satoshi Club: it will be cool to try 😊
Part
2 — live questions from the Telegram community
“owl”:
alright
so, great questions
broad strokes:
security, partnerhips, why do we have a token, and what are we doing with the
money we raised
i copied about 10 or so
and can post them individually, but good to get the general sense of what
everyone wants to know
security: we are in talks with multiple auditing firms,
we dont believe in putting all of our eggs in one basket – all contracts will
be audited from multiple angles, and additionally we have security experts on
our advisory board that will assist in not only a code review from external
attack vectors, but also flashloan experts to make sure our funds are safu
partnerships: yes, but
wait until after the IDO to hear more about those
our yield aggregation
system is built on top of systems are deployed on market
lots of very familiar
names
yes – we need a token,
it’s very familiar that a lot of projects that launch in defi tokenize their
project but dont actually need a token – our $BIOS token is _deeply_ ingrained
in our platform
what are doing with the
money raised: we just hired a CMO, COO,
and CPO. super excited to make those
announcements soon, we have been very lucky in our hiring. we are frugal, and wise with our money.
let me select the 10
questions now
Q1 from telegram username @mucana
Partnerships are important in the crypto world. Do
you have a connection with another project? Can you give a list of your friends
or partners?
“owl”: good question ^
Q2 from telegram username @KhaleesiTheCryptoLady
Why did you choose to conduct your IDO in
CyberFi/Samurai Launchpad? What are the requirements in participating your
token IDO?
“owl”: this was another question i wanted to answer
i spoke to literally
every launchpad on market right now – and cyberFI was absolutely the best fit
for us.
it was a long, arduous
process, but we wanted to be as much of a boost and have as much control over
the IDO as possible. a lot of the
launchpads on market right now really want to make the projects that launch on
them fit into their mold – we dont operate that way.
comically, one of the
largest launchpads wanted to redesign our tokenomics after we had 50 SAFTs out.
Q3 from telegram username @QueenKarinaa
For your inauguration $BIOS. Who are you partnering
with? Are there any Sponsors working with your project? Or is there an
agreement with Artist or management?
“owl”: i believe i answered this question
Q4 from telegram username @doithay1617
Can you tell us about the security of Ox_Nodes? When
will Ox_Nodes Audit?
“owl”: answered this one
Q5 from telegram username @boradam
Do you have any github page so I can check your work
daily and see the progress?
“owl”: not yet, but we’ll be putting it up publicly closer
to launch
Q6 from telegram username @CryptoFollower
This should be a long term project as building bearing
strategies with assets across all EVM and non-EVM based blockchains is not an
easy job. Polygon is building its parachain for more than 2.5 years and still
continue to build it. Do you think you can reach a MVP end of this year? On Q4
there are Eth, BSC and Matic deployments according to your roadmap so when can
we see 0xnodes nodes to fully launch? If bear season is near, can this affect
your development plans?
“owl”: yes.
Q7 from telegram username @KASG95
I understand that implementing this protocol at ETH
would provide you with even greater adoption, but will your transaction costs
really be just as high? or when implementing connection with other chains, will
they be able to re-edit them?
“owl”: gwei is 54 for lightning last i checked.
thats actually an
interesting point i want to talk about for two seconds
if you listen to mark
cuban talk about building internet tech back in the 90s, and this is a guy who
trailblazed in the late 90s in the video space, 10 years before youtube came to
market
his ethos, is build not
for the bandwidth on market – but for technology that will be relevant
deploying off mainnet
is the equivalent of capitulating your widest audience
Q8 from telegram username @johnclark_0
In your Medium article, you mention with the
0x_nodes $BIOS token that you are determined to maximize the potential of the
evolving multi-chain liquidity network to ensure that it covers every aspect of
on-chain and off-chain transactions. So when exactly will this goal be realized
and what lasting benefit will it bring to the DeFi industry?
“owl”: this is a great question as well
yeah, long term
integration with onchain forex market with offchain integration is our long
term goal
this would widen the
audience in defi (adoption), as well as enhance the experience of people
already operating onchain
Q9 from telegram username @yellowchamp
OxNodes will be going to be deploy to some chains
like Ethereum, BSC,Matic, FTM, Solana, Avalanche and Cadena network. So,why
decided to deploy to a lot of networks and not focus to one or two networks?
Why choose those networks? If OxNodes will be deploy to those mention
chains,what will be the impact will it bring to OxNodes network? Since you plan
to integrate those networks,did you already have a negotiation with those
different networks by now or it is already ongoing? Thank you
“owl”:
OxNodes will be going to be deploy to some chains like Ethereum, BSC,Matic,
FTM, Solana, Avalanche and Cadena network. So,why decided to deploy to a lot of
networks and not focus to one or two networks? Why choose those networks? If
OxNodes will be deploy to those mention chains,what will be the impact will it
bring to OxNodes network? Since you plan to integrate those networks,did you
already have a negotiation with those different networks by now or it is
already ongoing? Thank you
i’ve got open dialogue
with everyone listed on our roadmap
i spent about a month
of my time reaching out to all of the chains and making introductions, letting
everyone know what we’re building and whats coming from us. everyone has been more than receptive – and
excited for us to deploy
we have an amazing
network, through our investors, through our grinding hardwork, and our advisors
– it’s been a truly humbling experience working with some of the top brass in
the industry
Q10 from telegram username @meml97
🧨
It caught my attention that not long ago you said on Twitter that you
“build in hostile enviroments”. Can you tell us more about what do you mean by
that? What do you consider as a hostile enviroment and what are the advantages
of building on enviroments like that? As we know tough situations can bring the
best of us, so, what is this hostility bringing from 0x_Nodes? @superb_owl
@swansonronson
“owl”: this was a reference to the state of the ethereum
network
cant capitulate just
because its “hard”, or not the easy road
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 BlackHole Protocol and our guest was @Sam_BlackHole, @BlackHoleProtocol, and @raylin_blackhole. The AMA took place on 27th April.
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 BlackHole
Protocol! Welcome to Satoshi Club😀
Sam BlackHole: Thank you so much for your warm welcome 😍
Great Community 🔥
Sam BlackHole:
Very Excited about the #AMA
D. | Satoshi Club: Good to have you here guys 😊
Mary | Satoshi Club:
Hello, guys! Happy to see you here 👍
Sam BlackHole: Nice to meet you all 🔥😍
Mary | Satoshi Club:
How’s going?😀
Sam BlackHole: Awesome 😉 excitement in the corner for #AMA
BlackHole Protocol:
It’s a pleasure to share with you all, you are a wonderful community!
Mary | Satoshi Club: We are excited as well 👍 let’s go 🚀
First of all, could you please introduce yourself and tell us more about BlackHole Protocol? 🎉
Sam BlackHole: Let’s do it. 🔥
Let me Introduce Myself first! 😍
Mary | Satoshi Club: Sure 🚀
Sam BlackHole: I am the CMO of this great project i.e. #BlackHole Protocol. I am very happy to be a part of this Project. I have around 5 Years of Experience in the #Blockchain Industry. I have completed many great projects, I have done ICO, IEO & most of the project is already #MOON & tradable asset on different Exchanges.
I have a very deep connection with Crypto Jane & other Cryptocurrency Celebrities. I am also the owner of a Marketing Company in India & #USA. My main competencies in digital marketing, social media marketing, and product advertising bring a lot of value to all our valuable clients all over the world. My team is full of young #entrepreneurs. We are #committed to the success of every project we work on.
This is all about Myself, let me Introduce our Great Project- #BLACKHOLE Protocol
D. | Satoshi Club: Yes. please! 🙌
Mary | Satoshi Club: Awesome experience! How did you get in crypto?😀
Sam BlackHole: BlackHole Protocol Is an approval-free decentralized & cross-chain burning protocol.
This cross-chain burning platform is based on the Ethereum
network. If I explain you in more simple words, Any user or project governor
could create a burning pool by holding BLACK permanently burn the old Token
into a new Token, and gaining a new ecological vitality.
D. | Satoshi Club: Sounds good, interesting concept 👌
Raylin BlackHole: 🔥🔥🔥🔥
Sam BlackHole: Blackhole protocol originates from Etherium network and gradually radiating to Polkadot, BSC, Heco, Sol, and eventually the whole blockchain world.
We are very confident about our success in the future
because we have a business plan that is recognizednize by the NGC Ventures and
Crypto Times, Au21 Capital, Shinhan, and many big names in Crypto Industry.
When the price of Bitcoin Increase to 10KUSD, it attracts me a lot 😉😁
Mary | Satoshi Club: I see this is something completely different 😉 who’s idea was to create BlackHole Protocol?
Sam BlackHole: This is our CEO Idea 💡 to create #BlackHole Protocol 🔥
Mary | Satoshi Club: Ahaha😂 started with money, continue with technology
Sam BlackHole: Exactly! Lol 😆
Mary | Satoshi Club: Creative mind😉
Sam BlackHole: Very creative, He is also an early adoption of #Bitcoin! 🔥
Sam BlackHole: And we have definite confidence on our technical support for the fact that our team is very strong with a deep connection with Bounce.finance, Helmet, ChainSwap, WeStarter, Anti-Matter, Gate.io & MXC Exchange.
Sam BlackHole: Done with the Introduction!
D. | Satoshi Club: Thank you! it was impressive intro! 💪
Mary | Satoshi Club:
Thank you for this intro! Ready for the questions from our community?🎉
Sam BlackHole: My Pleasure! 😍
Yes, Ready to go for it. 🔥
D. | Satoshi Club:
🚀🚀🚀
Q1 from Telegram user @Highpee You announced that your IDO is scheduled on Bounce on April 28. Nowadays, whitelist spots are getting harder to enter as the lottery system is not exactly open or clear. I read that only 200 addresses will be whitelisted and out of this, only 100 users will be able to make actual purchase from Bounce. How will the 100 users be selected out of the 200 whitelisted address and what are your whitelist requirements? ? Will there be maximum buy per user? In addition, the link to the whitelist form in the Medium publication is always showing error. Can you please provide a direct link to the form?
Sam BlackHole: Nice question & a lengthy one! Let me get some information!
D. | Satoshi Club: Why you decided to choose Bounce.finance for your IDO by the way?
Sam BlackHole: On April 28, a total of $10,000 worth of BLACK tokens will be offered at a fixed price of $0.05- Please check the below link for more information!! 👇 https://certified.bounce.finance/certified-sales.
maximum 100USD
BlackHole Protocol: Bounce.finance is an important strategic partner for us, and early on in the project, we had planned it this way
Sam BlackHole: Done with this question! 😉
D. | Satoshi Club: Got it, which network you will be used for IDO, Ethereum, or BSC? or both?
Mary | Satoshi Club:
It will be first and last sale?
Sam BlackHole: Before moving forward, let me announce big News here!
Mary | Satoshi Club: Sure! We love news!
😍😍😍
Sam BlackHole: Congratulations 🎉 to the Community Members, you are the first in the world to see this poster!
Here is our Public Sale #PLAN 🔥😍
Raylin BlackHole: Our IDO utilizes HECO for Westarter, Ethereum for Bounce and BSC for Helmet
D. | Satoshi Club: Awesome! 🤩
Mary | Satoshi Club:
Wow! Fantastic 🚀🤣🤣
I had a feeling 😂
Your plan is perfect!
Sam BlackHole: Yes, it is!
BlackHole Protocol: $BLACK token Public Sale information all in one-page.
BlackHole Protocol IIO/IDO/IEO will be launched start from
⚠️April 28th at 12:00 SGT /04:00 AM(UTC)⚠️
NO $BLACK token in circulation!
NO one from team offer tokens for sale.
Don’t fall for any FUD or scams.
Always rely on official resources!
Sam BlackHole: Let’s move forward now! 🔥 🚀
Mary | Satoshi Club: Guys, I don’t have any doubts about your success!
D. | Satoshi Club: Thank you for the answers!
Mary | Satoshi Club: Let’s move to the next question 👍
Sam BlackHole: My pleasure 😉
Q2 from Telegram user @h1drX The BlackHole protocol is based on the Ethereum network, and you say it extends to other blockchains, what does this mean? Will users be able to trade other blockchains on BlackHole? Is the Ethereum network the main one of BlackHole? Also, I would like to know what led you to choose the Ethereum network to develop BlackHole. Currently Ethereum has a lot of traffic on the network which causes that the transactions in the cryptocurrency network have increased significantly, and with them the commissions. Does this affect you in any way? How? Are you waiting for the release of Ethereum 2.0?
Sam BlackHole: Interesting Question! Let me pull some info.
Our cross-chain technical support provided by our strategic partners ChainSwap’s innovative technology allows BLACK contract addresses to be consistent across multiple chains of ETH, BSC and HECO. By providing a cross-chain bridge to ETH, BSC and HECO, BLACK users can use lower transaction fees and faster processing times for multi-chain transactions.
D. | Satoshi Club: Thanks, i will check, I didn’t hear about this swap before 😊
BlackHole Protocol: Our DAPP will go live in June, the smart contract has been completed and is currently undergoing internal testing
Sam BlackHole: It’s a great one 😉🔥
Let’s move forward with the next question! 🔥
Mary | Satoshi Club: Super! I think you have your first user, it’s me!👍
Let’s move 🚀
Raylin BlackHole: Wow ❤️❤️❤️
Q3 from Telegram user @cryptofollower Blackhole has strong backers and partnerships including NGC Ventures, Crypto Times, Au21 Capital, Helmet, ChainSwap, Gate.io, MXC, and more. What are the main purposes of these partnerships and what are the goals that will bring to the ecosystem? Also, what are the benefits these companies get from the Blackhole project, and how users can benefit from these partnerships?
Sam BlackHole: Interesting question!
BlackHole Protocol: In my opinion the best cross-chain tool right now is ChainSwap
Sam BlackHole: Absolutely! 🔥🔥
Mary | Satoshi Club: We should try it😀 i also never heard about it
Sam BlackHole: BlackHole Protocol works closely with support partners including Bounce.Finance, #WeStarter, #Helmet.Insure, ChainSwap. They to provide more support & resources to create an approval-free decentralized & cross-chain burning protocol.
BlackHole Protocol has closed the strategic funding round
with participation from #NGC Ventures, #Power Law Capital, AU21 Capital, X21
Digital, ShinChan, Oasis Capital, Crypto Times, 0xAlpha Capital, and BigCoin
Capital.
These all are the Partners of BlackHole Protocol & in
near future, we will provide liquidity of #UniSwap, MDEX Exchange & on
Pancakes, more partners will be on board in the future.
Please visit the Medium link for more information.
3) All of the tokens in the private equity and IDO stage will be released based on the releasing rules after LBP.
4) After LBP, we will provide liquidity on Uniswap, Pancake, and Index. (For the reason that IDO、IIO、LBP are on different chains)
Raylin BlackHole: Yes of course. Our partners will utilize each of our use case to help improve both of our ecosystems! 🚀🚀🚀
D. | Satoshi Club: Very nice!
Sam BlackHole: Done with this question! 😉
Mary | Satoshi Club:
Ready for the next question?😀
Sam BlackHole: Yes 🔥😍
Q4 from Telegram user @dudeiebitch According to your website, your dapp will be released soon. Firstly, do you have any testnet dapp which we can use and give remarks before the release of the main net, can you also give us a specific released date, what are the special benefits we should expect in your dapp when released. Do you plan to include cross chain transactions on your dapp and what is the wallet we should expect on your dapp for connection?
Sam BlackHole: Nice question, once again!
Our DAPP will go live in June, the smart contract has been completed and is currently undergoing internal testing.
The functionality implemented in our V1 version is the basic functionality, supporting the burning pool of a single token. The functionality implemented in version V2 is to support NFT burning for the 1155 protocol.
And we’ve supported cross-chain burning since v1
Blackhole protocol is designed with NFT concept
and cross-chain support. With the tight timing, Blackhole protocol will start
NFT rewards and cross-chain burning, making a solid foundation for penetrating
a wider and larger ecosystem.
Any user or project governor could create a burning pool by holding BLACK and
old token LP to permanently burn the old Token into a new Token
Sam BlackHole: Done 😍
D. | Satoshi Club: Do you planning any smart contract audits? 😉
Sam BlackHole: In Blockchain Industry, “The CODE IS LAW ” We should focus on the Code & Smart Contract. Here is the Smart Contract for BlackHole Protocol –
Sam BlackHole, [27.04.21 14:36] After LBP, we will plan for a Contract Audit.
Raylin BlackHole, [27.04.21 14:36] After our LBP we will be having audit contracts! Rest assured we will be transparent and we are using top-notch algorithms in order to give users security and swift transactions.
Mary | Satoshi Club: Do you already know audit firm name?😀
Sam BlackHole: Not yet, at the moment! 🔥
Mary | Satoshi Club: We will follow your updates 😉
Mary | Satoshi Club: Ready to jump to the next question?
Sam BlackHole: Sure 👌
Q5 from Telegram user @MaxiVV Regarding your roadmap, it says that you will support NFT reward burning on Q4 2021. It seems interesting to me because I haven’t listened to NFT burning, how will be this? the same mathematical model for the token? Or will you apply other different?
Sam BlackHole: Again a nice question, let me get some information to support this question 😉
Mary | Satoshi Club: 👏
Sam BlackHole: Here is our #ROADMAP 🔥😍
D. | Satoshi Club: Will you have your own NFTs?
BlackHole Protocol: No plans for now.
D. | Satoshi Club: So will you be working with NFTs from other projects?
Sam BlackHole: The functionality implemented in our V1 version is the basic functionality, supporting the burning pool of a single token. The functionality implemented in version V2 is to support NFT burning for the 1155 protocol.
Mary | Satoshi Club: Can you explain in simple words how this will work? What should we have and what should we do to have benefited from using NFT reward burning?
BlackHole Protocol: We will cooperate with any good project, including of course NFT.
Sam BlackHole: This will be released in Quarter4 2021, please stay tuned with our official channels for official announcements! 😉🔥
Mary | Satoshi Club: Gotcha! Thank you! Ready for the 6th and last question from this part?😀
Sam BlackHole: Sure, let’s go 🔥
Q6 from Telegram user @Korryl I see that a user or project can use your service to create burning pool and create a new token from that pool, what is the requirement to create a burning pool? Do we need to buy and use $Black token if we want to create a burning pool?
Sam BlackHole: Interesting question!
Any user or project governor could create a burning pool by holding BLACK and old token LP to permanently burn the old Token into a new Token Whenever we do a cooperative burning with a project we count 1 deflationary cycle
Black Token is a special burning economic system that follows the #geometrical progression convergence model, in which all of Black Token will undergo a “deflationary cycle”. After 15 deflationary cycles, the tokens will be left less than 5%, and the value of the token will increase infinitely with the “deflationary cycle”.
In the first phase, we will carefully select and collaborate with very good and well-known projects.
We are excited to announce that BlackHole Protocol, a cross-chain burning protocol, and NULS, an open-source, enterprise-grade, adaptive blockchain platform, have entered into a strategic partnership. Both parties will cooperate closely around the initial token exchange, quality asset mutual recommendation, cutting-edge situation research, and ecological resource sharing. https://coinmarketcap.com/currencies/nuls/
And will implement DAO in Q3
Mary | Satoshi Club: So, deflationary model? We should simply hold our tokens if we don’t need to burn something?😀
Sam BlackHole: Done with this question! 😍
Yes, we need to hold #BLACK Tokens! 🔥
Mary | Satoshi Club: 👏 awesome! Btw, live part is almost here 😉
Part 2 — live questions from the Telegram community
Q1 from Telegram user @cryptofollower As I see you have 6 IEO’s on both decentralized and centralized exchanges on Helmet, WeStarter, Bounce, Gate.io, MXC and MDEX. I think this will bring a huge impact on the project. How many tokens totals are you going to sell on these IEO’s and what are your expectations about the fundraising? Can you share the details of these public sales especially touching on the whitelisting requirements?
BlackHole Protocol: Token Information Token name: BlackHole Protocol Token symbol: BLACK Max Supply: 100,000,000 BLACK Token Type: ERC-20 Token Contract: 0x89E8416eA5b69863CCb34D3A5C74A86bf5549147 Private Sales Price: $0.05 Farming 50% Eco Fund 10% Development Team Fund 10% Marketing 5% Initial Liquidity 5% Seed round 5% Ambassador round 10% IDO R1 1% IDO R2 1% LBP 3% Trading starts time: April 29th 13 :00 PM(UTC)
*Total supply of $BLACK is 100M, IDO price is 0.05 USDT, the Initial market cap of $BLACK is $5,000,000.
Q2 from Telegram user @topind7 Can you tell us the difference between the first version of your Governance to the second version? I.e the V1.0 and V2.0.
BlackHole Protocol: The functionality implemented in our V1 version is the basic functionality, supporting the burning pool of a single token. The functionality implemented in version V2 is to support NFT burning for the 1155 protocol.
And we’ve supported cross-chain burning since v1
Blackhole protocol is designed with NFT concept and cross-chain support. With the tight timing, Blackhole protocol will start NFT rewards and cross-chain burning, making a solid foundation for penetrating a wider and larger ecosystem.
Q3 from Telegram user @Lovely_DC The main actors of success are the project, the investor, the community and the developer. what strategies did you engage with them? How will you attract investors and build trust and win the hearts of millions of people in your project?
Sam BlackHole: In order to establish the branding affect and enlarge the range of influence of the BlackHole Protocol as well as building the long-term comment sense of the ecology of the BlackHole Protocol, we decide to enforce our BlackHole Protocol Global Ambassador Recruitment Plan. The plan is facing the Self-media KOLs in the Defi vertical sector, rating agencies, community opinion leaders, social software administrators, video podcasters, and other domains in the #Defi vertical sector.
We have around 133KOL’s or Influencers from all over the World, we have #Twitter Influencers as well as #YouTube Influencers!
Q4 from Telegram user @Eminet001 Among these helpers that contribute to project success which do you consider most important 1 SECURITY 2 COMMUNITY 3 TOKEN PRICE 4 YOUR PARTNERS
Raylin BlackHole: Hello, this is rather a subjective question! Being part of the Blackhole team we are always Prioritizing the COMMUNITY with that being said, SECURITY is next! If you have proper security on your system u gain the community’s trust. It’s hard to choose between security and community, but as a community-driven project, Ill give the community 10points and security 9.9 points! With great community and security comes big PARTNERSHIPS! and of course, when you have these 3(Community, Security, Partnerships) on your arsenal Price will follow suit!
Q5 from Telegram user @Robotliker1 What real problem does black protocol try to solve in real life and blockchain? How do you intend to increase the use case of your project for sustainable growth?
BlackHole Protocol: With the rapid expansion of Defi ecosystem, considerable traffic and users have flooded in. In parallel with the DeFi boom, more eco-tokens are accumulating on-chain, with new mainchain ecosystems and loads of application emerging. Such a situation means that tokens are continuously issued and glutted in the defi world, overwhelms the capacity of the Defi world. Correspondingly, the blockchain world could use the recast to burn and rebirth these materials, bringing a surging drive to the originally overloaded ecology.
However, projects themselves gain benefits from the token burning process, the process is not a zero-sum game. During the token burning, token holders could also benefit from the process. Superficially, token burning will only benefit the project owner, but actually, both investors and project owners could benefit in this mechanism. Obviously, burning could help stabilize the value of the token and curb possible price inflation. Then the stability of the token incentivizes investors to hold the token and positively affect the token price, thus keeping the network functioning properly and the bandwidth stable. Token burning also demonstrates a confidentiality and reliability characteristic that is more evident in the early stages of tokenism.
Q6 from Telegram user @callmesudi What strategies will you employ for your ecosystem? How do you maintain a balance between developing technology and also increasing the value of your token??
Sam BlackHole: Here is our Strategy to launch, it will maintain the balance between developing technology! 🔥
WeStarter-
We are announcing that WeStarter will launch BlackHole Protocol on April 28th at 20:00 SGT. Please check the below link for more information –
The 28th Session of the M-Day Program is happening soon. M-Day Program is a series of activities held on MXC Exchange for mainstream crypto traders/holders to participate in to enjoy discounted prices on project tokens. The project for this upcoming M-Day is BLACK.
Gate.io has launched Startup, a platform that aims to provide users with access to innovative and advanced projects. Traders now have more opportunities to make an initial investment.
Gate.io Startup will launch its next project with BlackHole Protocol on April 28th, 2021 at 04:00 AM(UTC).
Q7 from Telegram user @AllenLu Deflation + Burning = experiment that you think this will survive despite a mega dump since deflation is very difficult to maintain Do you think this will work?
BlackHole Protocol: Any user or project governor could create a burning pool by holding BLACK and old token LP to permanently burn the old Token into a new Token
Whenever we do a cooperative burning with a project we count 1 deflationary cycle
Black Token is a special burning economic system that follows the geometrical progression convergence model, in which all of Black Token will undergo a “deflationary cycle”. After 15 deflationary cycles, the tokens will be left less than 5%, and the value of the token will increase infinitely with the “deflationary cycle”.
Q8 from Telegram user @KhaleesiTheCryptoLady What is the life-changing 😁offers that Black Protocol could provide to its investors that would make them satisfy holding Black token?
Sam BlackHole: BlackHole Protocol is in the process of Development. Here is the Launching dates & events of the #BLACKHOLE Protocol ”
We will launch #BLACK Hole Public Sale on these Platforms
The long-distance plan will provide the Liquidity on #UNISWAP, MDEX Exchange, and #Pancakes ( All are Decentralized Exchange)
Q9 from Telegram user @mobilejii Black protocol is a great project but security is major importance. How secure is your smart contarct from bugs and vulnerability? Audit is important aspects when can we see it?
Raylin BlackHole: Hello yes, Blackhole Protocols one of the major priority is the security of our systems, I can say we are very secure since we have an experienced team and dev that are closely examining the code and fixing every bug there is! We are using top of a line algorithm with the help of an advanced mathematical model to ensure the safety of our users and give them smooth and swift transactions.
Q10 from Telegram user @centoscu What are the benefits of holding Black tokens and while holding Black tokens, are there any governance vote rights for us?
BlackHole Protocol: · Platform income (fees and governance). Version V0.1 will be free to the projects, and then token burning fee and reward distribution will be taken in the future, which will be used to repurchase BLACK. Black stakers can also participate in governance directly through staking. ·Farming Black Token’s life cycle will be divided into three phases. Birth — heyday — infinite deflation. In the first stage of “Birth”, Black Toekn will start staking and liquidity farming plans after the IDO. Black plays a central role in the ecosystem, and its value mainly reflects in governance, a medium of ecosystem, and incentives of liquidity providing. As the Black deflation, the tokens would be deflation indefinitely. Expected residual account after 15 cycles: 3518437 BLACK (≈3.518%) Expected residual account after 20 cycles: 1152921.6 BLACK (≈1.15%)
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 Scaleswap and our guests
were @ralf_p_gerte, @Mark_Scaleswap, @Jesstherover and @stolberg. The AMA took
place on 15 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 Scaleswap! Welcome to Satoshi Club😀
Andrés M. | Satoshi Club: [ 😃 Sticker ]
Mary | Satoshi Club: @ralf_p_gerteis welcome here 😀
Andrés M. | Satoshi Club: @ralf_p_gerte is welcome to Satoshi club, how are
you?
Ralf P. Gerteis:
Thank you very much for having us!
All good here – our
last mile before IDO!
Andrés M. | Satoshi Club: When is going to occur?
Mary | Satoshi Club: Awesome! Let’s start our AMA! We want to know about
Scaleswap as much as possible 👏
Ralf P. Gerteis:
We did not yet publish the exact date but it will be still before end of May!
Mary | Satoshi Club: We will wait for the announcement 😍
Andrés M. | Satoshi Club: Don’t forget
to share the announcement with us😃
Ralf P. Gerteis:
Absolutely! 😊
Mary | Satoshi Club: Ralf, also, could you please introduce yourself and
tell us more about Scaleswap?
Ralf P. Gerteis:
Sure, I’m the Co-Founder and CEO of Scaleswap. I’m an entrepreneur at heart
with 20 years of experience as an executive, management consultant, board
member and angel investor. I’ve been full-time in the blockchain sphere for
more than 4.5 years.
The Scaleswap family
consists of 2 co-founders, Stan and myself and 6 team members as well as 7
great advisors.
We are the first fair
IDO launchpad on the scene. We stand for transparency, a community- as well as
token-centric approach and with the long-term vision to transform IDO’s to a
more sustainable construct that’s here to stay. We also use the latest
technology (ETH layer 2 scaling protocol, powered by Polygon) but foremost we
value our community and give them the opportunity to earn influence in our DAO
and guaranteed access to launch pools of selected high-quality projects before
their launch by their continuous loyalty, no matter of their budget (->
ScaleSCORE).
Mary | Satoshi Club: How did you get involved in crypto?😀
Ralf P. Gerteis:
To be honest by coincidence 😊 After my exit from my consulting company
Fusion Consulting AG (SAP Consulting and Management Consulting) in 2016, I
wanted to make a deep dive in the emerging tech startup scene and as I was
living in the Crypto Valley in Switzerland, I was pretty fast caught by the
blockchain virus 😃
Mary | Satoshi Club: It was very lucky concidence 🤣
Ralf P. Gerteis:
Absolutely – don’t want to miss a day since being in the crypto sphere!
Ok, Crypto Winter could
have been a nicer time, though…
Mary | Satoshi Club: Crypto winter was as cold as Crypto summer is hot
now🔥
Ralf P. Gerteis:
So right 🔥🔥🔥
Andrés M. | Satoshi Club: Was a great opportunity, look for everything that
you was gained on crypto 👏
Ralf P. Gerteis:
And it will get even hotter after the Scaleswap launch 🔥🔥🔥
Mary | Satoshi Club: Sure😉 Thank you, Ralf for your intro! Do
you want to add something or we can go to the questions from our community?
Andrés M. | Satoshi Club: Waiting for it🥳
Ralf P. Gerteis:
Sure, please shoot the questions over 😊
Q1 from Telegram user @pixma00
Scaleswap has developed a highly token-centric economy
to support healthy token development and reward our community for their
participation, dedication, and loyalty.
What differences can I find between Scaleswap and the DeFi platforms
that are currently operating? Can you
tell us a bit about the layer scaling you have decided to implement? What are the important features that make
Scaleswap stand out?
Ralf P. Gerteis:
Let me start with the more token economics related part…
We will have public and
private pools and the core of our solution is our ScaleSCORE, a 360° loyalty
scoring system. Our future pools won’t be based on lottery only! Holding SCA
tokens is one of several elements that determine your ScaleSCORE. And holding
your SCA tokens without interruption increases your score as well over time as
well as keeping your SCA token holdings ideally at the maximum amount you’ve
ever held. And not all criteria are SCA token related – but we can’t reveal yet
more – more news will be released soon. There will be 6 dimensions in total.
Mary | Satoshi Club: @Mark_Scaleswap @Jesstherover @stolberg welcome to
Satoshi Club 😀
Andrés M. | Satoshi Club: [ 🤗 Sticker ]
Mary | Satoshi Club: So, the difference is in tokenomics?
Andrés M. | Satoshi Club: What will be the maximum supply?
Ralf P. Gerteis:
It’s one of our main differentiators but Stan will add the tech part as well
regarding layer sclaling
Maximum supply will be
25m SCA tokens
Mary | Satoshi Club: It’s low supply 😀
Ralf P. Gerteis:
Yes, and we will for sure burn nicely 😉
Stanislav Stolberg: Hello everybody👋 Now I can write:)
Yes, we believe that
layer scaling is essential for the ETH ecosystem and we’ve chosen Polygon as an
established partner with a proven/ working L2 technology. The decision was made
after the research on all existing solutions up to date – it turned out that
Polygon was one of the most advanced, but also the most progressed and
production-ready.
At the same time we are
evaluating further integrations and bridges to other protocols.
Mary | Satoshi Club: Btw, do we already have launchpads in cryptospace
which are working on l2?
Ralf P. Gerteis:
As far as we are aware of, we will be the first one operational on L2.
Andrés M. | Satoshi Club: Great
achievement btw
Ralf P. Gerteis:
Thank you very much!
Mary | Satoshi Club: Fantastic!👏
Andrés M. | Satoshi Club: So, could you tell us more about your current
partnerships? Different of polygon
Ralf P. Gerteis:
We are having partnerships in all kind of dimensions and did not make all of
them public. Like in the marketing area, we will have a partnership with
Biconomy on tech side, we are having a collaboration with Hacken (who executed
also successfully our smart contracts audit) and with projects like MetisDAO
(where we will build our DAO on). We are having also a collaboration with
InnMind, one of the largest digital startup ecosystems. In addition, we are
checking with a number of other providers if a collaboration makes sense, but
we will be pretty picky. Quality before quantity 😊
Mary | Satoshi Club: Wow, you made awesome job!
Ralf P. Gerteis:
Thank you so much!
Mary | Satoshi Club: Thank you for your answers! Ready to proceed?😀
Andrés M. | Satoshi Club: You are creating a big ecosystem, congrats😃
Ralf P. Gerteis:
Sure 😊
Q2 from Telegram user @giovannialc
I find it very gratifying that your system was
designed to ensure that the participants most committed to their mission are
always rewarded (rather than simply favoring those with the largest budgets)
that is, if a user has a low amount of Token can be rewarded in some way just
by contributing to the well-being of the project? What happens to those who
have a high budget, how would they be rewarded since they also contribute their
part to Scaleswap?
Ralf P. Gerteis:
Scalescore will be earned through 6 different dimensions of loyalty and
participation. In contrast to our competitors, the amount of tokens you hold is
only one part of it. And not all criteria are SCA token related. The system was
designed to ensure that the most committed supporters of our mission are always
rewarded (rather than simply favoring those with the biggest budgets). But at
the same time, holding high amounts of tokens and providing liquidity has also
an influence on the ScaleSCORE and will be in addition incentivized.
Andrés M. | Satoshi Club: So, it works as a governance token?
Ralf P. Gerteis:
Absolutely
Mary | Satoshi Club: Do you have any articles which explain this?
Ralf P. Gerteis:
https://medium.com/scaleswap/introducing-the-scaleswap-sca-token-utility-and-benefits-d9eeb84fe44a
here you go 😊
(not yet everything revealed)
Mary | Satoshi Club: Thank you for sharing!
But may be you can tell
us the minimum amount of tokens required?😀
Ralf P. Gerteis:
The first points you get for >1 SCA token 😊 and then we have a
formula behind that calculates the points up to 100’000 SCA tokens (above that
no additional points are earned)
Mary | Satoshi Club: Super! It seems easy 😉
Ralf P. Gerteis:We’ll
have a dedicated article explaining all details in a simple way. So, we feel
comfortable that it will be easy for our community AND FAIR 😊
Andrés M. | Satoshi Club: Thanks for share it, would you like to add something
before the next question?😃
Ralf P. Gerteis:
Nope, anyway can’t reveal more for now 😊 Next one please!
Andrés M. | Satoshi Club: Great job, community is the pillar of the projects
Ralf P. Gerteis:
Yes, out most precious asset!
Q3 from Telegram user @Suboo112123
The scaleswap team target to set the new standard in
the launchpad space by making excessive gas fees a thing of the past, and
re-imagining community appreciation and governance through ScaleSCORE, a
comprehensive scoring system so what are the 6 different dimensions that are
receive the loyalty rewords?
Andrés M. | Satoshi Club: Completely agree
Ralf P. Gerteis:
That’s what I’ve meant 😊 I can’t reveal all of them but 3 dimensions
are directly related to our SCA token and two categories are related to our
platform and the project that are launching on it. And there is kind of a bonus
category that adds as well strong value to our healthy token economics.
The copycats are pretty
attentive these days…
Andrés M. | Satoshi Club: Can you give us a little easter egg? What will be
the name of each dimension?
Oh that’s right haha
Ralf P. Gerteis:
This would be a big easter egg 😃
Andrés M. | Satoshi Club: 😁
Then let’s talk about
safety, have your contracts been audited or are in process to be?
Mary | Satoshi Club: I think we have question about this😉
4th😀
Andrés M. | Satoshi Club: Oh, then let’s proceed, @ralf_p_gerteis ready to
go?
Ralf P. Gerteis:
Stan is just giving some more insights about the audit topic…
Mary | Satoshi Club: Let’s post it😀
Q4 from Telegram user @johana0012
Scaleswap is
a fully decentralized IDO launch platform, built on the scale of Ethereum Layer
2. Recently Scaleswap has announced an audit of the renowned cybersecurity
company Hacken, which until 3 days ago was painstakingly visualizing each and
every one of the details of smart
contracts. What were the results of this audit? What was the qualification
obtained in this audit? Were problems
discovered through the audit?
Stanislav Stolberg: Thank you for bringing this very important
question. Security of user and platform assets is always a top priority for our
development team. We’ve been uncompromising in our approach to developing a
bulletproof, well-audited, and battle-tested platform before launching. And I’m
happy to share that Hacken recently completed a code review and security
analysis of our smart contracts and awarded us with the highest possible rating
of “well-secured” – having uncovered zero critical issues.
Our cooperation with
Hacken will continue as we add additional layers of protection through upcoming
penetration testing and additional code reviews.
In addition to the full
audit (smart contracts and penetration testing), we will conduct a bug bounty
program to maintain the highest level of security.
Mary | Satoshi Club: When do you plan to start bug bounty? Which rewards
do you plan for it?
Andrés M. | Satoshi Club: [ 🤗
Sticker ]
Ralf P. Gerteis:
🦾
Stanislav Stolberg: We do plan to start bug bounty very soon, I cannot
reveal the exact day though. But it must be still in May. We are currently
working on the reward structure and numbers depending on the level of severity
of the findings, so hobbies whitehats can earn some bugs;)
Andrés M. | Satoshi Club: Do you have any announcement channel to join?
Mary | Satoshi Club: Gotcha! I am sure a lot of bug bounty hunters
already put notifications on your channels 😀
Ralf P. Gerteis:
https://t.me/scaleswapann
Mary | Satoshi Club: Thank you! 👍
Andrés M. | Satoshi Club: Let’s join
Satoshiclubbers
Mary | Satoshi Club: Ready to go to the next question?😉
Ralf P. Gerteis:
Yes, sure!
Q5 from Telegram user @Xusuo
Scaleswap
will doing IDO on Polygon. On your site you claim that Scaleswap want to doing
IDO differently and unique than other platform. So can you explain what is your
plan to make your IDO become special? Can you explain more detail to us about
your IDO? when is it?
Ralf P. Gerteis:
Our ScaleSCORE loyalty system will have a strong impact and will make
participations definitely most fair in the IDO Launchpad sphere. In addition,
we plan to transform the IDO process and mechanism to a more sustainable model
in the mid- and long-term but first we need to get to the pole position 😉
to have the maximum power to enable such a transformation. As the ScaleSCORE
will not yet have an effect for our own IDO (no loyalty can be measure with our
dimensions yet), we will have to base to a certain extend as well on the not so
much beloved lotteries but we are honoring our early community members e.g.
with our NFT givaways which allows guaranteed pool participations.
Mary | Satoshi Club: To be honest, i finished to participate in IDO,
because never was successful
Andrés M. | Satoshi Club: Could you share some designs of those NFTs? We love
digital art
Mary | Satoshi Club: But i will definitely try your platform 😉
Ralf P. Gerteis:
Come to Scaleswap, be loyal and you’ll have a different experience 😉
Loyal is the new brave!
Mary | Satoshi Club: Yes, NFTs are our passion 😍
Ralf P. Gerteis:
Unfortunately not yet – will be revealed soon!
Andrés M. | Satoshi Club: But you have the designer? Who will be the artist?
Ralf P. Gerteis:
The Orange and the Blue Diamonds will be done by our designer who is an artist
himself – and a very good one 😊 and the Red Diamond will be a Top NFT
artist who sold artwork of more than 5m USD already and who has a HUGE social
media following. Stay tune – this will be an epic auction 😉
Andrés M. | Satoshi Club: Amazing news😁
Mary | Satoshi Club: Thank you for your answers, Ralf! Ready for the 6th
and last question from this part?
Ralf P. Gerteis:
Absolutely!
Q6 from Telegram user @antoni_azx
On your
roadmap it’s mentioned that the public testing of your platform will be
incentivized, can you tell us more about these incentivizations for your
community to try your tools? Will you make any contest or competition in the
future?
Ralf P. Gerteis:
Next to bug bounty, we will also check the possibility of public testing. Due
to the tight timelines, we cannot assure this public testing yet. But there
will be an announcement in the coming 3-4 days to confirm.
Mary | Satoshi Club: We understand 😀
Andrés M. | Satoshi Club: Btw, what will be the greatest event for Scaleswap
for this 2021?
Ralf P. Gerteis:
Good question, so much things will be upcoming. So our own IDO will be a great
story as it is also the launch of our platform but also some days beforehand
the auction of the Red Diamond NFT will be an epic event. Around 4-6 weeks
after launch we plan to add the first additional integrations to protocols
and/or L2’s and in V2 we will also add the “autopilot” function 😉
A lot is coming very soon and even more still in 2021!
Mary | Satoshi Club: So many upcoming events 🤩🤩🤩
Andrés M. | Satoshi Club: It sounds that you will be so busy next months😃,
a lot of fantastic things are coming for the project, our best wishes for
Scaleswap👏
Ralf P. Gerteis:
Thank you so much!
Mary | Satoshi Club: So, we came close to the live part now😀
Are you ready for it?🚀
Andrés M. | Satoshi Club: To you for your great answers, this first part of
the AMA has been awesome, now is time to interact with our dear community
members🥳
Part
2 — live questions from the Telegram community
Q1 from telegram username @cindy_crypto
Do you plan to add staking or farming support for
your token SCA in the future?
Ralf P. Gerteis:
We are not big supporters of staking as we think there are more sustainable
methods to incentivize. We will launch a liquidity provision incentivation, and
for locked liquidity also with a farming option!
Q2 from telegram username @vedamatrix
How can I increase my ScaleSCORE for winning more
IDO’s?
Mark | Scaleswa: Hi
@vedamatrix! The exact ScaleSCORE metrics will be released prior to launch so
that our early community members have the opportunity to plan and prepare.
Stayed tuned to our Telegram channel for updates, and rest assured, your power
on our platform will always be in your own hands 💪🏻
Ralf P. Gerteis:
As we can’t reveal yet
all dimensions of our ScaleSCORE, a more generic reply: In being loyal with
Scaleswap, our SCA token and the projects that are launching on our platform.
Q3 from telegram username @KhaleesiTheCryptoLady
What are the incentives you could give to SCA
holders and to the loyal and committed supporters of ScaleSwap?
Jessie: The benefits of SCA token includes but not limited
to guaranteed pool participation, voting power in DAO governance, airdrop from
our projects and access to unlocking advanced features such as autopilot
participation. You can read more on our Medium articles : )
Q4 from telegram username @testercoin
This is the first time I’m seeing a project using
CasperLabs for layer 2 solutions. What’s your partnership with CasperLabs?
Ralf P. Gerteis:
We have a great relationship with CasperLabs and I know Medha (CTO) personally
since years. We are working out an official partnership with CasperLabs very
soon and will publish that as well. We see here a great potential to be the
first launchpad that goes into this direction. But we will also keep the other
hot options in mind like the emerging Solana protocol as well as BSC (but which
is getting already crowded with launchpads) and some others.
Q5 from telegram username @esrarengizbtc
Thanks to a well-planned Marketing strategy, the
chances of success of projects increase. What is your strategy for attracting
potential investors globally to your project’s ecosystem and for mutual
benefit?
Jessie:
I lead marketing at Scaleswap and I’m pleased to say that we have onboarded 80+
influencers who believe and invest in our project, that’s step 1. Our
influncers and partners are both global and local, giving us a strong headstart
in the game. Long term wise, we aim to be the best community-centric and
token-centric project by being fair and transparent, reward our most loyal
members and offer top level support to projects that are launched on Scaleswap.
The sucess of our community and projects define the success of Scaleswap.
Q6 from telegram username @boradam
Who are the developers of the Scaleswap project and
what are the experience of them before this project?
Mark | Scaleswap: Stanislov
Stolberg is the driving force behind our technology and security as CTO. He
brings a wealth of passion and expertise in the areas of decentralization,
security, and creative community. He’s served as an independent consultant of
some major industry players like Deutsche Bank and Insurance ERGO and he is
also an experienced entrepreneur.
You can find more
details about each of our team members and links to their social profiles at:
https://scaleswap.io/
Q7 from telegram username @cryptofollower
You named your IDO launchpad as Defi 2.0. When you
say layer 2, I’m all ears for what I can save for gas prices. Right now for me
and for the most people to choose invest on centralized exchanges is the gas
prices on decentralized exchanges and IDO’s on launchpads. It costs really much
gas price and also because of slow speed on Ethereum network there are
transaction fails and lost of gas costs. I can talk more about this but how can
you solve this problems with the Scaleswap project? Please explain me when I
join an IDO and bought the token with low cost of gas, will I see my tokens on
my ERC-20 compatible wallet? Or will I need another kind of wallet. How will
this system work for us? I think this project is really different from other
defi launchpad projects.
Ralf P. Gerteis:
Very good question… Yes, with DeFi 2.0 we see on the one hand the technical
advancement with building on Layer 2 – Polygon and on the other hand we are
having a step by step approach of being fair and develop the IDO space to a
more sustainable model. Yes, indeed, being on layer to and navigating from
there means close to 0 gas fees. I did 50 transactions lately and it cost me
maybe 0.05 USD and the ecosystem is thriving with 1inch, Quickswap, Aave and
many others, so you can do already a lot without moving from L2/ Polygon. For
the onboarding process, we will will have a UI that guides you through the
whole thing, you can use Metamask, no need to create any new wallet and you
even don’t need to switch the network in Metamask (confidential how we do
that)… So we are trying to keep things as simple as possible while using the
big benefits of L2/ Polygon.
Q8 from telegram username @smelekin
Why should people join your launchpads what do you
provide them other launchpad projects don’t provide?
Ralf P. Gerteis:
We are fair, transparent and we have plans to make IDO more sustainable in
future. And our community honors this very much. We believe that we are
building up the most loyal and great community out there that fully believes in
our mission and values – and not only in “where is the next 100x” but
who are blockchain believers and enthusiasts and who are having a long-term view
on it.
Q9 from telegram username @mucana
The biggest fear of investors is to be deceived.
Could you tell us about your security measures to address this concern and
trust us?
Ralf P. Gerteis:
Stan, our CTO, is himself a security expert. We completed a successful security
audit by Hacken with the highest rating, we are having an internal audit
freelancer engaged and we will perform several audits. Penetration testing is
starting these days and there will be a bug bounty in collaboration with
Hacken. In addition, we are checking the possibility for a decentralized
insurance of funds. With this setup, we believe that we are very well prepared.
But 100% security is a target that is not reachable. You can only give your
best to get as close as possible to the 100%.
Q10 from telegram username @MCBTrade
Do you expect an increase in competition among new
projects? What competitive advantages can the components of your ecosystem give
you?
Ralf P. Gerteis:
Hi there,
Yes, there will be a
strong competition but that’s a good thing and should increase the quality and
offering. We are the most fair and transparent launchpad with the most loyal
community. We have values that we stand for and if a project launches on our platform
it will be kind of a quality seal. In addition we have loyalty-by-design by our
ScaleSCORE also for projects that are launching on our platform. This is a
great advantage for them. In addition, we’ve built up a network of around 35
great backers that will support strongly with deal flow of the best projects.
Let’s get ready to rumble 💪
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:
