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 DEXILON and our guest was . The AMA took place on the 6th of 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&WebSite

Jonah 🏅🎹 | Satoshi Club

Hello Dear Satoshi Clubbers welcome to our AMA session with Dexilon

Our guest from Dexilon is @alexgolovindd

Hello welcome to Satoshi club

Pavel P

Welcome to Satoshi Club!

How is it going, Alex?

Alex Golovin

Hi everyone!! Nice to be a part of this community

Jonah 🏅🎹 | Satoshi Club

We are Glad to have you here Alex

Pavel P

Glad to see you here today! And looking forward to a great conversation

Alex Golovin

Likewise

Jonah 🏅🎹 | Satoshi Club

So let’s start our AMA

Pavel P

bring some fire!

Jonah 🏅🎹 | Satoshi Club

We will start with an introduction, so can you introduce yourself to us, how you got into crypto and how DEXILON started?

Alex Golovin

Well, I’m in crypto since 2016. I bought my first Bitcoin for about 300$)) But I was stupid enough to get into algo trading, so rather than simply investing, I started building trading algos with my business partners. By the way, who are way smarter than I am)) So it has evolved into a arbitrage hedge fund by this time

Since last spring, while investigating DeFi world, we couldnt find a hedging solution. So we came up to this weird idea of building a proper DEX for derivatives)))

Jonah 🏅🎹 | Satoshi Club

Awesome to know how the decision to build Dexilon came about

At the moment how many people do you have on your core team?

Alex Golovin

There are 14 people. Most of them hard core engineers. We’ve got 2 Phds and doctorate of science in applied math, we’ve been working with them since our hedge fund business.

Pavel P

That is impressive!

Jonah 🏅🎹 | Satoshi Club

Impressive , are they all anonymous?

And are they all from the same region?

Alex Golovin

Nope, we will introduce them on our page in a next few weeks.

Jonah 🏅🎹 | Satoshi Club

Awesome

Alex Golovin

Most of us are from Ukraine. We also have people from the US and Finland

Jonah 🏅🎹 | Satoshi Club

That’s Great

Pavel P

Nice mix!

Jonah 🏅🎹 | Satoshi Club

So can you tell us what Dexilon is all about?

Pavel P

Do not go too deep as we still have some questions from our community regarding Dexilon. But just to know it in a nutshell

Alex Golovin

In a few words. It is all about cost of trading. I’m not just talking about fees, I’m talking about the cost of liquidity. We want our users to enjoy all the perks of centralized exchanges with no additional cost. But using DEX you are in control of your assets. And what is even more important, we are not going to solve this problems with subsidies when projects provide huge rewards in order to cover trading costs and when a price of a token goes down or rewards dissapear, the project is down

Pavel P

I see, so the goal is to remove the issue not to fight with the consequences

Alex Golovin

Thats the idea

Jonah 🏅🎹 | Satoshi Club

It’s an Excellent one

Thank you for the introduction

We will now like to proceed to selected community questions to find out more are you ready for them?

Alex Golovin

Shoot

Pavel P

Q1 From Telegram User @Neilselin

I learnt that Dexilon is the first DEX that is run on a limit order book powered by the native blockchain.A limit order is a type of order to buy or sell a security at a specific price or better. Can you explain how the limit order book is executed on the native Blockchain of Dexilon? What are the information that can be found in the limit order book? What advantage does it offer traders on Dexilon decentralized exchange? Lastly, What is the model of limit order book that will be adopted on the Dexilon DEX?

Alex Golovin

Thaths the most complicated part of a project. The basis of an orderbook is a first in, first out principle. Which not goes along with classic mem pool. So we are forced to build a lot almost from scratch. Another problem is latency, we can build a book with 1 second plus update speed, but in this case Dexilon users will pay a lot for liquidity in terms of spread. Threafore we are using an asynchronious blockchain technology based on Honeybadger BFT.

This means that there are gonna be tight spread, no sandwich attacks (frontrunning)

Jonah 🏅🎹 | Satoshi Club

What are the specific advantages from your side with regards to why you use the HoneyBadger BFT?

Alex Golovin

This is all new technologies with not many use cases. Honeybadger is a rare one where there is a lot of documentation, and tests.

Jonah 🏅🎹 | Satoshi Club

Oh Okay got it

Thank you for your Answers

Ready for the next question now?

Alex Golovin

Sure

Pavel P

Q2 From Telegram User @MudaraSilva

One of your key features is “Transparent and Auditable Risk Management”. Please elaborate more on this feature. Although some platforms ensure about risk management techniques, they are not able to make them practical. Therefore, please clearly explain about your policies on risk management. How do you make it “Transparent”? What are the steps you have taken to make it “Auditable”? Finally, what type of benefits do users get from this risk management procedure in addition to minimizing financial losses?

Alex Golovin

By the way, awesome questions, I really like this group!

Jonah 🏅🎹 | Satoshi Club

Thank you for your compliment We’ve got awesome members

Alex Golovin

The hardest part about derivatives, is a liquidation logic. So trading rules are quiet complex. If we do automatic liquidation using market order, there is a risk that there gonna be a caskade of liquidations like flash crash. And this is bad as people who had positions with low leverage could be wiped out. So rather than making this really complicated, we are chosing a different way. When a position has a margin call, it is placed in a pool. In this pool anybody can buy out this position with a discount using dutch auction. This is a transparent logic, which eliminates potential points of vulnaribility. We are trying to solve problems using free market opportunities rather than taking too much on complicated rules

Jonah 🏅🎹 | Satoshi Club 

Will the discount be fixed?

Alex Golovin

In terms of audiability. All this logic is gonna be on our sidechain built on cosmos. So it will be possible to track almost any transaction

No, it is an auction. Lets say there are 10 BTC long which are placed in the pool. Current price is 35000. So with a stepl lets say 100$ price gonna be decreased, every 6 seconds until anybody buys it

Jonah 🏅🎹 | Satoshi Club

This is clear now, Thank you for your Answers

Do you want to add anything?

Or should we proceed?

Alex Golovin

I hope I covered the question

Pavel P

Let’s move to the next one!

Q3 From Telegram User @Cheriemike

Looking at your roadmap,I noticed that from Q4 2021 you did a minimum viable products (MVP)of what Dexilon offers in other to gauge users’ interest in the product and to attract feedback,not only that you also did some pre-seed rounds and no other development was made not until May 2022.So can you tell us your experience on the product you offer to users and how they react to them?What kind of feedbacks did you receive and how has it helped you to build a solid structure that will be used to times indefinite?And can you talk about the pre seed rounds and how will you rate the support you have received so far and from Q4 2021 to May 2022 are still engaging in some pre-seed rounds? Please explain Thanks

Jonah 🏅🎹 | Satoshi Club

Yes..

Alex Golovin

Yeah. Even though I’ve been trading for some time. I’m pretty new to crypto community. So we did everything oppose to this industry standards. We have built MVP, and only then went for fund raising)) MVP was good, so we managed to get many wonderful partnets who invested in us (Fenbushi Capital, GSR, Ledger Prime, Lightshift Capital and many others). But MVP wasnt designed to be spread among big public. We have testnet version for it, which will be available early next week. So I will share the access with this wonderful club as soon as it will be ready. For building this version, we mainly used a feedback from our investors, and we are going to fine tune it for mainnet using the feedback we expecting to receive from guys lilke you.

Jonah 🏅🎹 | Satoshi Club

Great.. can you share your roadmap with us?

Pavel P

So, SatoshiClubbers are invited to share their opinion

Alex Golovin

Yep, testnet is going to be live since next week. User will be able to enjoy our platform with minted by us fake USDC) In order to incentivise users we will run a few trading tournaments, were traders can competed for prizes in Dexilon tokens and some NFTs. Little bit later we will run bug hunting contest, so if anyone finds a bug on a platform, he will receive 1000$. By the end of this summer there gonna be a mainnet version 1, semi-decentralized and by the end this year fully decentralized

Jonah 🏅🎹 | Satoshi Club

Thank you for your Answers

Let’s proceed to the next question now

Pavel P

Q4 From Telegram User @JesusFre1tes

DEXILON offers high-performance decentralized derivatives by merging the experience of light-speed limit order book trading with decentralization. This is really fantastic and innovative. But in terms of the “traditional” trading protocols on DEX platforms like DEXILON, what changes have you made to these more basic aspects to improve the experience for high-profile traders and novice traders? Compared to other DEXs, what benefits does DEXILON provide?

Alex Golovin

First of all, we are building a protocol. We are not ultimate benificiary owner. Trading fees are exchanged between makers and takers. So any limit order has a rebate. If user pays in USDC he is gonna pay 9 bps which usual for CEXs.  With DXLN token the fee will be 6 bps. A portion of the fee is a gas cost, insurance fund contribution etc. And the rest 2-3 bps is a rebate. With such structure there is no payment for every request to the platform, so market makers are not charged for keeping liquidity in books. With a rebate, there is a good incentive for tight spread and deep liquidity. Because any blockchain has a limited TPS, we are optimizing API in such way, where within 1 request users are able to update price and qty for a batch of orders. All this is designed to make life of a market maker as good as possible. As a result, retail users will access cheap and deep liquidity

Jonah 🏅🎹 | Satoshi Club

One request for updating a batch of order is indeed great

Alex Golovin

It is easier to make more complex limit order book logic rather than ensuring very high TPS in a blockchain with low latency

Jonah 🏅🎹 | Satoshi Club

Thank you for your detailed answer to this question

Ready for the 5th question now?

Alex Golovin

yep

Pavel P

Q5 From Telegram User @Asela1112

The public Token Sale will take place in fourth quarter of 2022 according to the DEXILON Roadmap. Can you give us a sneak peek about this upcoming event in a nutshell? Many projects make KYC necessary to participate the token sales for their users. What about you in this case? Will you impose the KYC as a necessary step for the DEXILON Public Sale? However, How many tokens will there be, And what is the maximum tokens per user? Can you tell me the selling price of a token in Public token sale? Lastly, Please guide us how to participate the DEXILON public token sale?

Alex Golovin

Unfortunately there is not much progress on TGE. We’ve been to focused on a platform itself. But I will tell than a little bit about use case of our token. It is going to be used for staking for running a node. We rely heavily on oracles, and we are building one by ourselves. So anyone can stake some tokens, supply data and earn good money, as 16,6% of a trading fee is going to be for oracle providers. Because a portion of fees is deposited to insurance fund, thre is gonna be deflationary model

Jonah 🏅🎹 | Satoshi Club

Btw is your tokenomics ready?

Alex Golovin

Regarding the KYC and the public sale process, we will provide more information closer to the TGE

YES. its ready and will be available in the WP next week on our public channels!

Jonah 🏅🎹 | Satoshi Club

Awesome, Satoshi Clubbers please be on the lookout for the white paper

Do you want to add anything to this?

Alex Golovin

regarding the the token listing we will focus on Largest exchanges for prime listings. the exact place and date you will be the first to know:))

Jonah 🏅🎹 | Satoshi Club

Thank you for your Answers so far

Ready for the last question of this part of our AMA?

Alex Golovin

sure anytime

Pavel P

Q6 From Telegram User @MendietaCrypto

Dexilon states to be DAO with all traditional attributes of decentralized governance, however I have not found any additional details on how it works with your project. What the requirements to get voting rights within Dexilon? Are there any particular limits of acquiring/holding Dexilon token? Will DAO be launched in parallel with the platform launch and work simultaneously? Thanks!

Alex Golovin

So the platform launch will be FIRST. We want our user firstly try and hopefully get in love with our product. The DAO will be launch after the TGE. Hodlers of DXLN token will be allowed to vote for changes to the protocol. But only large holders of the Token can run Proposals. There will be no requirement for the amount of DXLN token to hold and Vote.

Jonah 🏅🎹 | Satoshi Club

Will allowing only large holders to make proposals not give room for whales to be in control of all decisions?

Alex Golovin

Honestly, we havent yet determined particular rules yet. Again, were to focused on the trading logic side. But we want to provide our users abilities to determine rules with least barriers possible. We will have to make a thresold in order to avoid spamming, but we aim, to aliminate a risk of letting whales to control the platform. If Satoshi Club has some proposals on the DAO rules, we would be very greatful

Pavel P

Dear community, do not miss a chance

Jonah 🏅🎹 | Satoshi Club

Awesome it’s quite clear that not every information will be readily available from the start

Do you currently have any openings?

Alex Golovin

We are constantly looking for good engineers. In order to avoid new languages like Solidity, we have chosen cosmos to be able to use golang. So if you are good at Go, please get in touch

Jonah 🏅🎹 | Satoshi Club

Awesome

Thank you for your Answers

Pavel P

Could you share your official links before we move to the second part of our AMA?

Alex Golovin

New home page

Jonah 🏅🎹 | Satoshi Club

This brings us to the end of the first part of our AMA

Pavel P

Thank you and get ready for some action now!

Alex Golovin

For apllying for job https://www.linkedin.com/in/oleksii-golovin-689bb96a/

Jonah 🏅🎹 | Satoshi Club

We will Now proceed to the second part of our AMA

Our community will ask you their questions directly are you ready for them?

Alex Golovin

Yes

Pavel P

We will open chat for 120 sec for a storm of questions to come

Once we close it back please choose 10 questions to answer

Jonah 🏅🎹 | Satoshi Club

Opening Chat now

Part 2 — live questions from the Telegram community

Q1 from Telegram user @curiosoAMA

It caught my attention that node brokers will benefit from a portion of the take rate, so how do I run a Dexilon node? Do you have documentation to inform me of this?

Alex Golovin

We use both a proof of stake and a proof of authority. Because of the latency problems, we cannot run big number of nodes. But in order to secure that our infrastructure is decentralized and operated in a good manner. Only companies with good reputation can operate it. This is of course a compromise. A number of well established VC firms and foundations have expressed an interest. But you can stake it for running an oracle node. And trust me, it can be even more profitable

Q2 from Telegram user @Tommy_UK

In this Month,
You are about to Launch the Testnet On Hybrid Model,
Please Tell us more about this Upcoming Launch?

Alex Golovin

We are using a centralized limit order book at this stage. The good thing is that it can handle more than 300k of transactions per second per trading pair. Bad thing is that it is too centralized. But you will enjoy trading with almost no difference to any centralized exchange

Q3 from Telegram user @leixagarcia

I understand that Dexilon solves many of the problems faced by institutional trades, but only institutional trades will benefit? Ordinary trades will benefit in some way as well?

Alex Golovin

This is a wrong perception. What users dont have on DEX is a cheap liquidity. People are paying huge gas costs and around 30 bps as a fee. Plus slippage. Therefore honestly, it all too expensive. If you look now, on Eth some pools average transaction is around 20k, so it is not suitable for retail users. We want make ossible for users to access liquidity at the same cost as on centralixed exchanges, so people can construct a portfolio with around 500$

Q4 from Telegram user @Jonathantross

I have Used Many Platform and In most of them they have Large Registration Process , KYC and lot more , So Can Users Join Your platform Hassle Free or KYC Will be Required ?

Alex Golovin

Thats the goal, no KYC, you are not required to share your personal info. Even more, because we are a protocol, we want to make it possible to trade derivatives for commodities and currencies (no stocks, as we dont want to make SEC angry

Q5 from Telegram user @said_tiziroui

What are the supported wallets that I can use in your platform ? can I use trust wallet on my phone ?

Alex Golovin

At the beginning. It is going to be Metamask. On later stages, Dexilon is oing to be cross-chain solution so you will be able to access it from Solana, Avalanche and most other major blockchains and their corresponding wallets. If you use a wallet from your phone it is absolutely fine. But be careful with public WiFi as many people loose their money. We will support a wallet from Copper custody as well, so it will be possible to use a platform with your assets placed at the custodian

Q6 from Telegram user @YRUSelling

How much fees Dexilon charges on buying and selling of any coin/token?

Alex Golovin

That the thing, we are not chargin anything. Fees are exchanged between traders. As a team we are profotong from the rise of Dexilon token. With such structure, takers will pay 6-9 bps depending wether it is USDC or Dexilon. And they will receive 2-3 bps. With no gas payments (a portion of a taker fee is a gas cost) it could be even cheaper to trade on Dexilon than on centralized exchange

Q7 from Telegram user @hectordonovans

Can you talk about the liquidation logic of DEXILON against gradual liquidations on the DEXILON platform? What is the plan and strategy that DEXILON will implement in order to avoid market influence in the event of a possible sudden collapse?

Alex Golovin

Because we have designed a liquidation pool, positions will not be sold using market orders. Therefore, a caskade of liquidations will be avoided. People who buy these positions from a pool get a chance to buy it with a discount. We like to call it a trading insurance.

Q8 from Telegram user @AugusS7

You point out that Dexilon is CREATED BY TRADERS FOR TRADERS, does that mean that it will have each of the necessary tools so that any expert trader can function without problems? Or will they also offer facilities for the inexperienced?

Alex Golovin

It will have all the necessary tools. Our goal is that customers will not just feel pain from a transition form centralized exchanges, but get a relief)) Furthermore, we are building a pro interface as well, where users can set their GUI in any way possible. Users may place a bunch of data for different trading pairs.

Q9 from Telegram user @Shiva_shivi

On many Dex Platforms,
Users have problems with checking their previous records and trades,

How will you provide this into your interface?

Alex Golovin

All data is stored in a blockchain and in a centralized data base as well, as we are in a hybrid model right now. We have tested it with half a trillion transactions and it survived. So I believe there gonna be no problems with that. What is important to mention is that data for trades in a blockchain is going to be partially hashed. It will be not visible which wallets have initiated a transaction. We need it in order to avoid back tracking of trading activity for our users

Q10 from Telegram user @hana4544

What are the most exciting milestones during the construction and development of Dexilon? What is the team focusing on working on for the near future? Can you please share?

Alex Golovin

I briefly covered it, but building an asynchronius blockchain even with existing framework it tough ride. The problem of this industry that almost all data you hear about latency and TPS is not true. So you take something and try it. You find a problem and come to a conclusion that you have to rewrite almost all code. I hope our amazing team will survive this challenge and we will have some health left after we deliver this logic

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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

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

Our partners:
Telegram –https://t.me/dexilonexchange_chat
Medium –https://medium.com/@DexilonExchange
WebSite – http://dexilon.io/
Twitter-https://twitter.com/DexilonExchange

We are pleased to announce our next AMA on May 7th, 2022 at 02:00 PM UTC Time: Satoshi Club x CleanDefi Voice AMA

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join CleanDefi Telegram channel

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. CleanDefi Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about CleanDefi

For more details:
CleanDefi Website – cleandefi.finance
CleanDefi Telegram – @cleandeficommunity
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our First Discord AMA on May 16th, 2022 at 01:00 PM UTC Time: Satoshi Club x DatingVerse

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Satoshi Club Discord server
👉 Join DatingVerse Telegram channel
👉 Join DatingVerse Discord server

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. DatingVerse Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about DatingVerse

For more details:
DatingVerse Website – datingverse.org
DatingVerse Telegram – @datingverse
DatingVerse Discord – @datingverse
Satoshi Club Telegram – @satoshi_club
Satoshi Club Discord – @satoshiclub
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 13th, 2022 at 01:00 PM UTC Time: Satoshi Club x DatingVerse

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DatingVerse Telegram channel

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. DatingVerse Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about DatingVerse

For more details:
DatingVerse Website – datingverse.org
DatingVerse Telegram – @datingverse
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 10th, 2022 at 03:00 PM UTC Time: Satoshi Club x COINX

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join COINX Telegram channel

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. COINX Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about COINX

For more details:
COINX Website – cnxnetwork.org
COINX Telegram – @chatcoinx
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from DEFY and our guest was . The AMA took place on the 5th of 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&WebSite

Mary | Satoshi Club

Hello  Satoshi Club! We are happy to announce our AMA session with DEFY!  Welcome to Satoshi Club

Gold Rocket | Satoshi Club

Greetings, dear Satoshi Club community!

Today our guest is @ben_defy

Ben

Hi all!

Thanks for having me

Mary | Satoshi Club

Hello and welcome here

Ben how are you today?

Ben

Great thanks and you

Mary | Satoshi Club

DEFY is one of the most awaited AMA for me

And i can’t wait to start it!

Gold Rocket | Satoshi Club

Indeed, you are our long-awaited guest.

Let’s start with the introduction to warm up.

Tell us please about yourself and position in DEFY

How did you get to be involved in crypto & DEFY

Ben

Hi I’m Ben, Co-founder of DEFY labs. I primarily look after partnerships, strategy & marketing for DEFY

Gold Rocket | Satoshi Club

Hi! Nice to e-meet you Ben

Mary | Satoshi Club

Happy to e-meet you! How did you start with crypto? Is DEFY your first crypto project?

Ben

 I’ve been working in the web2 world of location based apps and tech for the last 5 years. But in my spare time dabbling and exploring the world of crypto

Its the first crypto biz, but myself & the founders have been building successful businesses for years before

Gold Rocket | Satoshi Club

this is a really interesting trend.

Mary | Satoshi Club

So you can introduce DEFY to our community  tell us what is your project about?

Ben

sure

DEFY is a move to earn NFT mobile game built on the Polygon Layer 2 platform. Immersing players (operatives) in a metaverse that bridges the virtual and physical worlds, DEFY fuses hyper casual code breaking gameplay, learn to earn elements, real world exploration and AR adventures.

Mary | Satoshi Club

What inspired you to create your project?  STEPN’s success? Maybe you were inspired by Pokémon Go before?

Ben

Oh no, our origin story comes way earlier than STEPN

The DEFY team has extensive experience in developing highly successful location based mobile applications, having previously launched the District Race app and created highly sought after white label fitness apps for large global companies. These apps have scaled to over 700,000 users globally and partnered with brands such as Apple, adidas, Redbull and MasterCard.

Mary | Satoshi Club

Wow, sadly, but i wasn’t District Race user …

Ben

Well we are happy to welcome you to DEFY!

Mary | Satoshi Club

But i am DEFY user

Gold Rocket | Satoshi Club

Sounds great

Mary | Satoshi Club

And @GoldRocket27 as well)

Ben

We’ve learned a lot and used that to create the best Move to Earn game

Gold Rocket | Satoshi Club

Yeah

Mary | Satoshi Club

Ben, tell us who helps you to develop DEFY? Who are in your team?

Ben

We are “revolutionising” move to earn gaming

Mary | Satoshi Club

Any doubts

Gold Rocket | Satoshi Club

you really took the hearts and minds of Satoshi Clubbers right now, many are risking their lives for the sake of the game

Ben

There’s myself, and 2 co-founders including our CTO. Ably supported by a small but powerful team of 13 people

Mary | Satoshi Club

It’s really powerful!

Ben, thank you for your intro! I am excited to hear your answers to the questions from our community

Ben

thank you!

Mary | Satoshi Club

Ready to go to the first part of our AMA?

Gold Rocket | Satoshi Club

Q1 from Telegram user   @DK177

According to your introduction about the platform, DEFY is the first location based P2E game in the world. Please explain about the benefits of making the game a location based one. How does this structure improve the user experience of P2E mode? Did you conduct adequate research before introducing this structure to DEFY? If yes, did you see any drawbacks of P2E platforms that can be rectified by making those platforms location based ones?

Ben

LFG

Mary | Satoshi Club

WGMI

Ben

Thanks @DK177

So, we believe that to win in the M2E space, it’s critical we create a super fun game, that has long term playability. In our opinion, just rewarding people for tracking movement may run into issues. The location based part of our game is woven into a really engaging lore and universe, which has players exploring the world to hack Future Systems towers and steal their FCOIN

We’ve done a ton of research and have some of the best minds in the business as our advisors

As to how we can improve on existing models – for us the biggest focus is creating an economy that can be sustained long term by delivering value in different ways – not just a simple top down model

Mary | Satoshi Club

We also need to decrypt  i’ve never passed high level it’s a food for brains)

Ben

haha it is so hard!

Soon you’ll be able to buy exploits that bypass the decryption process (or speed them up), using your FCOIN

Mary | Satoshi Club

Do you listen to your community opinion? Can you give an example of this, if yes?

Gold Rocket | Satoshi Club

awesome

Ben

Sure, we try our best at this.

Ben

The community has been full of feedback on Discord, reporting issues to the development team – which is part of a alpha test period. The team has been working on them and making changes almost immediately

Gold Rocket | Satoshi Club

Thanks for your great answers

Mary | Satoshi Club

Ready to proceed?

Ben

yes

Gold Rocket | Satoshi Club

Q2 from Telegram user   @konditer_rolex

I already own the mask and have access to the alpha version of the game. While studying the roadmap, I found that there will be several types of masks, as well as the sale of lands. Considering the fact that the game is currently lag and I can’t collect tokens, I’m worried the question of the loss of value of my mask. Tell us about the types of existing and future masks, as well as how the value of masks that have already been minted will be maintained.

BenFair question. Since minting starting, the masks have been trading between 2-9x the mint price, so I would recommend you hodl those genesis masks. Token launch comes soon

Mary | Satoshi Club

About tokens and rewards i have a question

Ben

As to the future mask series, I cant say too much as we’re making an announcement soon – however be assured the genesis masks will never be minted again and will always be the most desirable

go for it

Mary | Satoshi Club

As i know you have vesting period for rewards 60 months

Is this true? Can i consider this vesting to our alpha rewards?

Ben

Not that I am aware of?

Alpha rewards will not have a long vesting period and there will be liquidity on token launch

Mary | Satoshi Club

So, which kind of vesting you will have for alpha rewards? And will we need to pass any kind of KYC to withdraw our $DEFY?

Ben

Yes, all holders will need to do KYC via blockpass

Mary | Satoshi Club

And one last additional question. What are benefits for owning masks from Fantom Galaxy collaboration?

Ben

First one, they are more rare than the genesis class. However the earning potential is the same. We are working with the PG team to create some special in game items for holders as well as benefits within the PG universe as well

Mary | Satoshi Club

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

Ben

Yes please

Gold Rocket | Satoshi Club

Q3 from Telegram user @ghostofcharmeleon

Hello, the Defy team.

Based on your tokenomics, funds that invested in the project at an early stage bought a token at a price 10 times lower than the price at the public sales round. The start of unlocking their tokens is expected six months after the IDO. Even if the token does not grow much during this time, but remains at the same level by the time of unlocking, they will already have x10. And their sales can put a lot of pressure on the price. How do you plan to protect the token price from avalanche sales of funds? What will motivate you to keep it for a long time?

Ben

The investors in the project have a long lock up period, with a cliff of either 12 or 18 months, with quarterly vesting over another 18 months. We have some of the longest investor vesting in the space. We have also chosen our investors wisely and said “no” to many interested parties.

If you look at the investors on our table, they all have a reputation for diamond hands.

Lastly, we have a buy back mechanism in place

Mary | Satoshi Club

Could you name us your investors?  How much funds did you raise from them?

Ben

https://finance.yahoo.com/news/defy-labs-raises-us-3-130000917.html

Here you go

Mary | Satoshi Club

Thank you

Great job

Ready to jump to the next question?

Ben

appreciate it

Gold Rocket | Satoshi Club

Amazing

Ben

yep!

Gold Rocket | Satoshi Club

Q4 from Telegram User @Z0ryan

Hello, I am from Ukraine and I have a mask. While testing the game, I had some questions about locations. When I went outside and broke the tower, my wallets appeared in such unexpected places that have nothing to do with roads, streets and other places where people walk. If I tried to collect them and miraculously get to the places where the dream fcoins are, then unfortunately I would just be killed (literally) by our military. Because my behavior would not seem reasonable to them. I could even paraphrase the direction of the game from move2earn to die2earn in my case. So my question is simple – Are you working on the mechanism that can remote wallets from dangerous and suspicious places to pedestrian zones?

Ben

I’m sorry to hear about your situation @Z0ryan

The simple answer is yes, we are refining our location algorithm but as its based on public data sources its always going to be tough to catch everything

Mary | Satoshi Club

Btw, to be honest i have difficulties as well. Here is photos of my yesterday’s try some wallets were in the sea

Ben

We are also soon to launch in game tools (consumables) such as range extenders so you can steal wallets from further away

Swimming is also moving!

Mary | Satoshi Club

Ahaha

I will try to get waterproof phone

Gold Rocket | Satoshi Club

lol… if you’re not Jesus you can’t get those wallets

Ben

Seriously, in an alpha its great to gather this data and make improvements. I appreciate the feedback

Mary | Satoshi Club

Thank you! Ben, we will wait for updates and appreciate your work! Because game is really cool!

Gold Rocket | Satoshi Club

Thanks for your great answers

Mary | Satoshi Club

My friend is playing it right now  here

Ben

That really makes me happy!

Thanks

Mary | Satoshi Club

Ben, are you ready for the next question?

Ben

yes

Gold Rocket | Satoshi Club

And here is a question from Jesus knocking at our door.

Q5 from Telegram User @JesusFre1tes

Polygon, the network used by DEFY, may take a little longer to produce the masks, especially during the first few hours due to the expected volume of transactions. With this specific point in mind, does DEFY plan to integrate other networks to address this issue? Why have you chosen Polygon to support the disruptive system you plan to create? What are your plans regarding the integration of multiple networks?

Ben

We are planning a multi chain future for the game

It was super important for us that we could create a platform where players can mint and transfer/trade items with minimal friction and cost

So far Polygon worked beautifully on last saturdays NFT mint

Mary | Satoshi Club

That’s true, it was easy and cheap!

Ben

We minted 7000+ NFTs in less than 13mins, with the total gas only a few bucks

Gold Rocket | Satoshi Club

Absolutely agree

Mary | Satoshi Club

But everyone minted using invites if it was free mint it could be a bit difficult

Ben

I was minting personally myself and it was so nice compared to the ETH L1 gas wars I am used to

Yes good point

Mary | Satoshi Club

But anyway much easier than using ETH

Gold Rocket | Satoshi Club

Ben

I think the DEFY team came up with a good system to make sure the masks end up in the hands of real players

Gold Rocket | Satoshi Club

this is my beauty

Ben

Nice!

Gold Rocket | Satoshi Club

I admire him

Ben

Our masks are designed by a great street artist/graffiti artist from Asia

Mary | Satoshi Club

That’s mine) gold fish

Ben

looks rare!

Mary | Satoshi Club

Yes, they are all excellent!

Do you have mask rarity? Where we can check?

Ben

Yes, click on “levels” in opensea

Gold Rocket | Satoshi Club

They are truly unique.. I think you are at the forefront of the new NFT hype. It’s really wonderful

Thanks for your great answers

Ready to proceed to the last question of this part?

Ben

yes

Gold Rocket | Satoshi Club

Q6 from Telegram User @Ask4unik

I read from your roadmap Q2 2022 about the launch of your SOVEREIGN mask NFT class.The name captivated my interest.What makes it superior?Can you give us a hint about what this class is all about?Who can participate in this class?Will the NFTs minted from this class be different from the regularly minted NFTs?Are there courses to be offered in this class? Lastly,will tuition fees be paid for participants to gain access to this class? Explain

Ben

Very sharp eyes to find this detail

Gold Rocket | Satoshi Club

in fact, we are so excited about the game that we do not want to let you go

Ben

More info to come, but the basic idea is we are creating a new way for scholars and guilds to be involved

We are creating a structured way for people to earn their way to owning an NFT. More to come later in May

Really really excited to announce this. Its never been done before

Mary | Satoshi Club

We will definitely follow your updates

Gold Rocket | Satoshi Club

Thanks a lot for a great first part! We’ve had a lot of fun. We would like to ask you to share all your useful social media links of project

Ben

Tweets by defydisrupt

(https://discord.gg/defydisrupt)/defydisrupt (https://discord.gg/defydisrupt)

https://t.me/DEFYofficial

Mary | Satoshi Club

Satoshiclubbers, join! It’s really fun and cool personally checked!

Mary | Satoshi Club

Ben, it’s time for the storm of questions

Mary | Satoshi Club

Ready?

Ben

Ok! I will choose 3 today  so only the best will make it!

Mary | Satoshi Club

Let’s go

Part 2 — live questions from the Telegram community

Q1 from Telegram user @PoohTheComedian

I read that Defy’s token launch will take place this late May. I also read that IDO and IEO will happen as one with it, and you want to give users the fairest experience for this event. Can you please share us when will this event will take place this May? Also, what platforms can we buy Defy tokens after the anticipated launchdates?

Ben

Thanks – I know a lot of people are keen to know more about the token launch. There is a huge amount of work happening behind the scenes to make the token launch as big as possible. You’ll have to stay tuned for details which will come soon

Q2 from Telegram user @olivia1326088

I noticed that you released an Alpha game. How will users be able to access the alpha test for DEFY? What are the new features that this Alpha release will bring to DEFY’s ecosystem and the users?

Ben

Many in game NFT items, including drones, weapons and AR portal spaces. All customisable and tradable on our market place platform

Q3 from Telegram user @BrayantGonzalez

Could you explain in a few words and in a simple way what is the theme of this game? I saw that they talk about hacking and different towers, but I really don’t understand the game well? And what will the missions be like?

Ben

The best way to get it is to watch our trailer: https://youtu.be/EtTDWmFWcW8

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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

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

Our partners:
Telegram – https://t.me/DEFYofficial
Medium –https://medium.com/@DEFY-Labs
WebSite –   defydisrupt.io
Twitter-https://twitter.com/defydisrupt

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 Envision and our guest was . The AMA took place on the 4th of 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&WebSite

Robocop | Satoshi Club

Hello Satoshi Club community ! We are pleased to announce today AMA with Envision

Pavel P

Hello everyone! Let’s welcome our guests!

Robocop | Satoshi Club

Today our special guests are @tommyiffla and @MilesBradley

Welcome to Satoshi Club !

Tommy Iffla (WILL NEVER DM)

Thanks for having us! Stoked to be here.

Pavel P

Welcome! How are you doing today?

Miles Bradley (Will not DM first)

Hi everyone, thanks for having us

Pavel P

Welcome, Miles!

So, how is it going, guys?

Tommy Iffla (WILL NEVER DM)

Going super well thanks. Very excited for the token launch tomorrow!

Robocop | Satoshi Club

We also very excited to do AMA with Envision !

Miles Bradley (Will not DM first)

Going well thanks, been a very crazy few months in the lead up to our token listing tomorrow but excited to be sharing Envision to your community

Pavel P

This is the hottest news for today, I guess! Would love to know more

So, let’s start our AMA!

Robocop | Satoshi Club

Let’s start our AMA with introduction

Miles Bradley (Will not DM first)

sounds good thanks

Robocop | Satoshi Club

Can you please introduce yourself and your team.

How did you get to be involved in Cryptocurrency & Envision Project?

Tommy Iffla (WILL NEVER DM)

I started my first film production studio 12 years ago straight out of University and built two successful businesses in the space since. Having sold my first business three years ago I still remain co-owner of Helm Media, one of Western Australia’s leading media houses. Some of my key clients include the Marriott Hotels, Tourism Australia and Toyota for which I directed and produced major TVC commercials. My crypto journey began in 2017 and my interests have only increased since then. I have a deep passion for emerging technologies and finding synergies within them

We have two other core team members; Miles Bradley (CFO) and André Lissiman (Creative director). You can see the influence and incredible branding André has produced in our website and white paper. https://envisioncoin.finance/media/pages/Whitepaper/VIS002-WHITEPAPER_v4.pdf?v=1651669838 (http://www.envisionstock.finance/whiteppaer)

Myself, Miles and André all gave up our full time jobs 8 months ago to begin the project and have never looked back. You can view the rest of the team here – www.envisioncoin (http://www.envisionstock.finance/team).finance/team (http://www.envisionstock.finance/team)

Miles Bradley (Will not DM first)

I was working in finance in London and started dabbling in crypto from an investment perspective over 5 years ago, slowly got more interested in the tech and going further down the rabbit hole. Fast for 3 or so years and Tom came to me with an issue he was facing in his day to day business, I had the know how of solutions that would allow us to leverage blockchain and NFTs to come up with a solution to his problem.

Robocop | Satoshi Club

Thats really impressive ! Both of you have great background and experience

Pavel P

envisionstock is not working with me. Maybe it is https://envisioncoin.finance

Robocop | Satoshi Club

By the way can you please introduce what is Envision Project ?

Pavel P

Yes, please tell us what is it all about

Miles Bradley (Will not DM first)

We are mid way through building what we believe to be the world’s first Web3 solution dedicated to giving stock media creators the power and control they deserve. Creating a commercial use and deriving utility from NFT and blockchain technology, Envision will facilitate the peer to peer exchange of stock media content where content creators market and sell direct to consumer, avoiding hefty fees, clunky contracts or forfeiting rights as per current Web2 solutions. Think of Envision as a decentralised/p2p version of Getty images, shutterstock, etc.

Robocop | Satoshi Club

How big are Envision team for now ?

Pavel P

So, Envision is more a HUB to connect creators and public

Miles Bradley (Will not DM first)

Envision is an all West Australian based team consisting currently of 9 full time employees plus a number of part time with varying backgrounds in software development, finance, marketing, media and videography/photography.

Pavel P

Are you all from Perth? Autumn should be nice there

Miles Bradley (Will not DM first)

In a way, we are essentially a marketplace specifically for stock media, where the content creator sells the rights to their content directly with the end consumer, removing the middleman.

Tommy Iffla (WILL NEVER DM)

I realise that the links above might not of been working for some. For those following please use :

Team – www.envisioncoin.finance/team (http://www.envisionstock.finance/team)

Whitepaper – https://envisioncoin.finance/media/pages/Whitepaper/VIS002-WHITEPAPER_v4.pdf?v=1651669838 (http://www.envisionstock.finance/whiteppaer)

Miles Bradley (Will not DM first)

Summer, Autumn, Spring and winter is all nice here

Pavel P

Thank you for the introduction!

Robocop | Satoshi Club

Thank you for the great introduction

Now we have 6 question from our community for part 1, are you ready?

Pavel P

Time to start with the community questions we selected for you!

Tommy Iffla (WILL NEVER DM)

Please!

Miles Bradley (Will not DM first)

always ready

Pavel P

Q1 From Telegram User @meml97

I read that your token $VIS will launch tomorrow, May 5th, on UniSwap and LCX, can you tell us more about this amazing milestone that you are just about to accomplish? Why did you decide to start the listing of $VIS on these two platforms? At what initial price will $VIS be listed on both platforms and what will our swapping options be if we want to acquire or change our $VIS tokens? What pairs will we have available? Also, I was wondering, do you plan to list $VIS on more DEX and CEX platforms? What should we expect from Envision and its token $VIS once this listing is done?

Miles Bradley (Will not DM first)

Yes, UniSwap and LCX gives us both a CEX and DEX option from launch which is very handy. WE choose LCX as we formed a partnership them them as they are the only token issuer who has been given the licence to provide token offerings in a legal and compliant manner.

Our VIS token will be paired with USDC so you can swap on with LCX or UniSwap with USDC directly.

Our listing price tomorrow will be VIS/USDC $0.2

Pavel P

Have you organized any presales already or you go directly to the listing?

Miles Bradley (Will not DM first)

We are already speaking with a number of CEX’s, from mid sized up to tier 1 and will be adding additional listings over time as we build our community and volume.

Tommy Iffla (WILL NEVER DM)

You can expect a lot from the $VIS token after listing. Envision is heavily backed by major influencers in the space. Jay Alvarrez (7.2m Followers), Jack Morris (2.5m Followers) and Jacob Ingrid (1.1m Followers) have all partnered with Envision for over 12 months which will constantly bring large audiences to both the $VIS token and platform.

Robocop | Satoshi Club

Can you please share to us the tokenomics from $VIS ?

Miles Bradley (Will not DM first)

We have successfully completed our pre-sale a little over a week ago

Pavel P

So, eyes on listing tomorrow, Satoshiclubbers! This should have a great potential

Tommy Iffla (WILL NEVER DM)

You can see all of our tokenomics here

Robocop | Satoshi Club

Cool ! its famous influencers

Tommy Iffla (WILL NEVER DM)

Yes we have a massive presence through our creator partners.

Miles Bradley (Will not DM first)

All our tokens except from a small portion of the pre-sale are vested for over 20months, the teams tokens start vesting in 6 months and vest for a total of 26 months, all our vesting schedules can be found here – https://envisioncoin.finance/vis-token

Robocop | Satoshi Club

Thank you for the detail answer !

Pavel P

Thank you for your answers!

Robocop | Satoshi Club

Do you want to add something or we can go to next question?

Miles Bradley (Will not DM first)

you’re welcome

Tommy Iffla (WILL NEVER DM)

Next questions please!

Pavel P

Q2 From Telegram User @GracieEne

I understand that VIS is Envisions native ERC20 utility token which will be used within the ecosystem. VIS will be distributed for rewards, used in exchange for content rights and used to receive staking rewards. With regards to staking, please can you tell us more about your staking protocols? How will users go about staking VIS? What is the minimum period we can stake to earn rewards? Is there a set minimum amount of VIS that users can stake? Can users decide to unstable at any time? Will they be charged for unstaking before the given period? And what other benefits would users get to enjoy when they stake with Envisions asides receiving VIS?

Tommy Iffla (WILL NEVER DM)

Envision will offer traditional staking protocals along with a range of premium products that we will be providing our stakers. Staking APY will be set to an amount which will alow the token to grow organically. Remeber that too high an APY can cause too much negative sell pressure. Envision has long term growth in mind and our APY will reflect that.

Envision also has a number of premium products that will get unlocked if a user has staked a certain amount. This will include things like higher income from stock sales, Access to Envisionscan and many other features.

Robocop | Satoshi Club

Beside for staking, can you provide other function from your token $VIS inside your ecosystem?

Tommy Iffla (WILL NEVER DM)

$VIS will be the primary token to purchase stock media. V2 of the platform will include a fiat on-ramp. This credit card facility will net Envision 4-6 percent of the purchase fees paid for by the consumer. This means the creator is always receiving 100 percent of the profits. The $VIS token powers the entire ecosystem. Each time stock is bought using credit card, it automatically buys VIS on market and redirects it to the creator.

Miles Bradley (Will not DM first)

Essentially VIS tokens are the exclusive form of payment on the ENVISION marketplace where consumers exchange VIS tokens for the NFT associated to a piece of stock media directly with the content creator.

Tommy Iffla (WILL NEVER DM)

Obviously we want the Envision stock platform to gain mass adoption and roling out a flawless credit card facility is key.

Robocop | Satoshi Club

Thank you for the detail answer

Pavel P

It is a non-stop revenue model!

Miles Bradley (Will not DM first)

Yes whilst not taking anything from the creator

Pavel P

Like it!

Tommy Iffla (WILL NEVER DM)

Stock media is a $4 billion industry. Just think about how big Envision could be if it gains mass adoption! We are First-to-market with this concept.

Miles Bradley (Will not DM first)

The creators have been giving up too much revenue and too much control for too long, our whole mission is around supporting the creator.

Robocop | Satoshi Club

Its a great opportunity for creator !

Pavel P

Thanks and let’s proceed to the question nr 3!

Robocop | Satoshi Club

Are you ready for the next question?

Tommy Iffla (WILL NEVER DM)

Sure are!

Miles Bradley (Will not DM first)

Yeah I think we can move on

Pavel P

Q3 From Telegram User @Anne_Tim

You say that Envision leverages blockchain technology and facilitates the peer to peer exchange of stock content where content creators sell direct to consumer, avoiding hefty fees or forfeiting rights as per current centralised solutions. So, please talk about the benefits for creators to use a middle leg in connecting them to consumers? What customer base Envision currently holds? What are the charges applied to content creators? Do they get payments only in VIS tokens or you support any fiat currencies? Thank you!

Miles Bradley (Will not DM first)

In current solutions like Getty Images and Shutter Stock, its not unusual for the creator to only receive 15-20% of the revenue their content sells for. Envision is changing that by removing the middleman and using smart contracts and NFT’s to provide the proof ownership rather than an expensive middle man.

The big current solutions do not personalise the creators, or benefit them in anyway, we are aiming to change that by allowing creators to build a brand within Envision, market their content and make consumers aware that 100% of their cost for content is going straight to supporting the creator.

Robocop | Satoshi Club

For the content itself, do all creator free to upload or do you have copyright system inside Envision?

Miles Bradley (Will not DM first)

consumers will always only receive VIS tokens, we appreciate that in many cases selling content is their sole source of income and will need to sell a portion of their VIS revenue, this is an added reason we have been building premium products that incentivise them to use a portion of their revenue to stake and unlock tools that will make them more profitable and efficient in the long run, leading to more revenue in VIS.

Tommy Iffla (WILL NEVER DM)

Anyone is free to upload content to the platform as long as it meets quality standards and copyright laws. A user cannot upload a photo or video that they do not own. The quality of content also has to be of a proffessional standard which will be vetted by AI and in some cases human eye.

Robocop | Satoshi Club

Thank you for the great answer !

Pavel P

How the price ranges are being built? Or they are set by content creators?

Tommy Iffla (WILL NEVER DM)

The creator has the ability to set the price within a certain bracket. Obviously stock content has a lower price tag that traditional NFTs so we dont want creators going wild pricing thier content. We need to remember this is stock media. High volume, low cost. We are not a traditional NFT platfrom. We are a stock media platform which leverages NFT contracts to control usage rights and distrobution. Getty iamges is currently sitting around $300 USD for a clip. Envision will sit around half of this and allow users a little leniency to determin what price tag they set.

Miles Bradley (Will not DM first)

One of the premium products we are building, called EnvisionScan, provides the creator insights that will help them price content accordingly. The web2 solutions that exist currently take this data on how to price content and use it to their advantage to increase profits, we are now giving this data to the creator to make them as efficient as possible in marketing and selling their own content.

Robocop | Satoshi Club

Thank you for the answer, are you ready for 4th question?

Tommy Iffla (WILL NEVER DM)

We sure are!

Pavel P

Q4 From Telegram User @highpee

Envision allows the verification of stock media using proof of ownership system. Can you explain how the stock media uploaded by creators are verified to be authentic based on your proof of ownership design? How will creators generate a corresponding NFT for their stock media during upload and how will the NFT be linked to the uploaded content? Also, you said that unlike conventional NFT marketplace, you have an automated quality assurance system that ensure stock media uploaded fits well into your quality criteria and where it doesn’t, the content will be blocked. What are the quality requirements that a stock media should have in order to avoid being blocked by this automated checker during upload?

Tommy Iffla (WILL NEVER DM)

We have a number of quality requirements for content to feature in our market place. This includes:

– AI resolution check (Meeting basic photo / video quality)

– AI reverse image and video search (Ensuring the content doesnt feature on any other platform and is owned by the correct user)

– Is not pornographic or illict in any way

We will be intorducing a DAO community that will help us vet content and be rewarded in $VIS token. This is a feature I am super excited about.

Miles Bradley (Will not DM first)

I think this is slightly lost in translation, when a creator uploads content, Envision will use automatic reverse image searches plus will scan Envision to prevent any duplicate content in breach of copyright infringements. When a creator uploads content to sell, a NFT is minted with unique identification linked to the RAW file, this NFT provides the proof of ownership of that content. When a consumer then purchases the rights to that content, a new NFT is forked, leaving the original NFT in the creators wallet and now giving the new licence holder proof that they can legally use the content. The contracts needed will be included in the NFT metadata and onchain for all to see.

Robocop | Satoshi Club

Thank you for the clarification

Pavel P

That sounds quite straightforward. Without any space left for fraud

Robocop | Satoshi Club

As the platform,token and NFT marketplace, Envision also use ETH chain right ? isn’t the fee expensive ?

Miles Bradley (Will not DM first)

the biggest challenge will all content is providing off chain proof of ownership, ie, someone buys the rights to an image legally, copies it to a thumb drive and gives it to someone else to use. Unfortunately this is very very hard to enforce, however, if someone was found to be in breach of sharing/using content that they didn’t have the rights to they could be punished in that jurisdiction just like any other copyright infringement.

Tommy Iffla (WILL NEVER DM)

This is a great question that I love answering. Envision is already in talks with Polygon network to provide gasless experience within the Envision stock platform. So in short, we have a layer 2 solution that will vertually make the platform fee free to use.

Robocop | Satoshi Club

Impressive ! it’s a great news

Pavel P

That’s what people will definitely love to know!

Robocop | Satoshi Club

Thank you for all the detail and clear answer !

Do you want to add anything or we can go to next question?

Tommy Iffla (WILL NEVER DM)

Next question please!

Pavel P

Q5 From Telegram User @Rozielyna

I read from an article of yours that Envision has three key phases of Marketing that will run Parallel with one another over the first two years, Which include Token Holders, content creators and content consumers as Phase 1,2 and 3 respectively. Can you share more Details on the 3 phases? Who are the target audience for each phase? At what stage will each phase commence after the other? On what channels/ platforms will this Marketing plan take Place for each phase, most especially for content creators and consumers ? Lastly after the first two years of this marketing plan, what will be your next move/ plan for Envision? Thank You

Tommy Iffla (WILL NEVER DM)

Envision has three key phases that will run in parallel with one another. This includes:

1. Token holders

2. Creators

3. Consumers

We need to market all three simultaneously to ensure we have a free flowing product and organic token growth. We need investors to grow the token, creators to provide the content and consumers to buy the content. Each phase is just as important as the next and we have big plans to ensure we see growth in all three.

Robocop | Satoshi Club

Can you please share us the Roadmap from Envision? what next update you have in the near future?

Tommy Iffla (WILL NEVER DM)

Creators form the entire bedrock of the Envision stock platform and are key to empowering the creator. Remember that the platform is made for creators by creators. Given our background this is something we know a lot about and is heavily needed in the Industry. We have also been able to leverage our connections and decades long experience in the industry.

Miles Bradley (Will not DM first)

After phase 1,2 and 3, we expect to have a significant content database and a solid userbase, getting smaller more dynamic businesses to use Envision will be easier whilst still new and we expect these smaller consumers to be on boarded in the first two years. We will start a much more targeted businesses development strategy targeting larger consumers of stock media, think about Netflix, Hollywood production houses, large PR/Marketing firms etc. These businesses are more integrated into the way they purchase content and will need to see a large database of high quality content, at a significant discount and on a slick UI/UX before they consider setting up an account with Envision.

Pavel P

Great plans! And great to see you planning longterm

So, the last question of Part 1 is almost here! Ready to see it?

Miles Bradley (Will not DM first)

yeah lets get it done

Pavel P

Q6 From Telegram User @nhairym

The community is a priority, you can tell us about the participation of the owners, partners and collaborators in the management and decisions to be developed on the platform, how its governance model works and what is the support of the economic model to guarantee financial solidity and long-term liquidity. term, what are their mechanisms to achieve fundraising according to their needs and commitments, do they have stable liquidity funds or do they require external financing?

Tommy Iffla (WILL NEVER DM)

Envision is fully funded for the next 12 months. This includes developing the entire platform, providing liquidity to market and ensuring enough marketing efforts are done to grow the project efficiantly and organically!

Tommy Iffla (WILL NEVER DM)

Lets open it up to the floor!

Pavel P

Before we wrap up the 1st part of our AMA, please share your official links with our community

Robocop | Satoshi Club

Thank you for the detail answer! it has been an amazing time in this first part of the AMA

Miles Bradley (Will not DM first)

Whitepaper – https://envisioncoin.finance/whitepaper

Website – https://envisioncoin.finance/

Telegram – https://t.me/joinchat/4KOuGZ36f3AwOTM1

Twitter – https://twitter.com/Envisionstockio

Insta – https://www.instagram.com/envisionstock/

Linkedin – https://www.linkedin.com/company/envision-stock

Discord – https://discord.gg/rashk2SvMT

Pavel P

And now, we are ready to proceed to the LIVE questions from our community. We will open chat for 120 seconds for a storm of questions to come. Once we close it back please choose 10 questions to answer. Please do not answer any questions during the storm.

Robocop | Satoshi Club

Join now Satoshi Clubber !

Now is time to proceed with the second part, the live segment part 2, are you ready for the storm of question?

Pavel P

A little less conversation, a little more action now!

Miles Bradley (Will not DM first)

sounds good lets do it

Pavel P

@Pratze, please open the gates!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @itzabhi69

Talking about your token $VIS.

Q1. Which chain is it running on currently?
Q2. Is it also audited?
Q3. Can you mention some killer features.
Q4. Please share the contract address

Tommy Iffla (WILL NEVER DM)

Thanks for your question!

Q1. We are an ETH based project. We are not interested in short term projects that get pumped and dumped. ETH also has the larges amount of layer 2 volume and we beleive in reflects are values and project.

Q2. Yes we have been audited by Certik – https://envisioncoin.finance/vis-token

Q3. First-to-market with an increible concept that is game changing for the web3 and crypto space. Empowering creators and giving them control over thier rights and content. A professional and doxxed team.

Q4. 0x469084939d1c20fae3c73704fe963941c51be863

Q2 from Telegram user @burshanggal

How would you assure that perhaps the token’s worth is preserved over time, not only in the short term? Will $VIS be sold or burned?

Tommy Iffla (WILL NEVER DM)

Great question – everyime a user buys stock content, the consumer buys $VIS on market to then purchase that stock content. 0.2 percent of that transaction is burned and 0.5 percent of that transsaction is then sent to the LP. This means when the creators sells VIS on market. He is essentially selling 0.7 percent less. This will create upwards buy pressure overtime and increase project longevity.

Q3 from Telegram user @Kabirkapoor9

On Envision website, Creators Portal is a place where content creators interact & upload their content. Do a content Creator have to verify himself by providing KYC? And why is only MetaMask is recommend to create Wallet?

Miles Bradley (Will not DM first)

Great question, given the content consumers we plan to onboard will be large well established businesses who buy millions of dollars worth of stock each year, we need to be compliant with current and future AML/CTF regulations. Because of this, all creators will be required to provide details on their business which we will use to run background checks doing the appropriate level of due diligence to make sure they are not on any sanctioned lists, watch lists, PEP lists etc. Once a creator has been verified and approved they will have access to the platform which is essentially a DAPP and allows them to connect their wallet, upload and mint their content for sale. MetaMask is recommended as their institutional solution ticks a lot of boxes for a commercial application.

Q4 from Telegram user @Fabentuug

Could you please tell us a little about company marketplace’s features and functionality? What kind of payments do you accept on your marketplace?

Tommy Iffla (WILL NEVER DM)

Great question – Id actually prefer to answer this with a project sneak-peak 👀 These are the creator profile sections where creators can have a small description about themselves as well as showcase some of their best work. Creators and consumers can also ‘follow’ other creators to keep up to date with new content or if they simply want to note them as a preferred stock supplier etc.

Q5 from Telegram user @hectordonovans

Can you tell me when will the beta test for Envision start and how can I join your beta test? Will you take into account the positive or negative feedback from your users from your beta test? Do you think Envision is a flawless project or do you think it has shortcomings?

Tommy Iffla (WILL NEVER DM)

Great question – You can join the discord and fill out the google doc in the #platform-access channel.
This will give you access to our platform beta in the coming months.

Link to our discord here – https://discord.gg/rashk2SvMT

Q6 from Telegram user @Cryptorianlord

Of recent NFTs are one popular and most sought-after topics in the blockchain space right now. Can you share your opinion on NFT with us? Do you think NFT will disrupt the current financial system? What is Your project’s approach to the NFT sector?

Miles Bradley (Will not DM first)

NFT’s are a very hot topic and most associate them with an expensive JPEG. Personally I see this demand slowing down and more commercial use cases taking over, projects who receive utility from NFT’s like Envision. There are so many applications for NFT’s, whether is fragmented investments like property, NFT’s used as an investment vehicle like an ETF, or even more simple things like identifying a unique object at a shop and having transparency of that object and its life. I think NFT’s have long future but in a more commercial use case.

Q7 from Telegram user @Satoshi_2010

I want to know about how did the idea of this project began?

Tommy Iffla (WILL NEVER DM)

Being an avid user of stock media content, I never understood how the centralised web2 giants such as Getty/Shutterstock have kept such a greedy monopoly on stock media content for the past 15 years. These platforms are taking 60-85 percent of the revenue from creators and leaving them with little profit and almost no rights over how their content is distributed. Being both a creator and consumer of stock media I also understand how much budget goes into buying stock online and how disgustingly overpriced it is. These web2 solutions within this $4 billion industry have had almost no competition for the better part of 15 years and they have been charging exorbitant fees the entire time.

The solution to the problem came to me as I was buying stock on behalf of a client via Shutterstock. I thought why not integrate web3 and cryptocurrency into a peer 2 peer platform where there is NO middleman taking a cut. Let the creator sell directly to the consumer via cryptocurrency or credit card. No middle man. More profit for the creator, cheaper stock for the consumer. Win Win.

Q8 from Telegram user @deku_x_midoria

Is there a project or company you have been working with recently or would like to work on in the near future?

Tommy Iffla (WILL NEVER DM)

One of Envisions Key milestones and partnerships include a collaboration with Curtin University of Technology, Western Australia’s largest University. Curtin has an incredible R&D blockchain lab lead by Dr Vidy Portdar. Curtin is undertaking the entire crypto back-end of the Envision stock platform as well as building the platforms main contract.

Q9 from Telegram user @Rakshhit

How much commission envision charges when any NFTs gets sold?

Miles Bradley (Will not DM first)

0% commission, this is our whole business model and why we have had hundreds of creators reach out wanting to be a part of our community and beta testing. The VIS token is what powers the platform by allowing us to generate revenue via the fiat onramp which covers maintenance and overheads and allows us to take 0 commission on the sale of content.

Q10 from Telegram user @hmdtadel

So the public sale via launchpad is done now, where can we find the token now? is it on uniswap??

Tommy Iffla (WILL NEVER DM)

Envisions $VIS token is launching via uniswap tomorrow on the 5th of May at 5.00pm UTC!

$VIS will also be listed on the LCX exchange.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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

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

Our partners:

Website – https://envisioncoin.finance/

Telegram – https://t.me/joinchat/4KOuGZ36f3AwOTM1

Twitter – https://twitter.com/Envisionstockio

We are pleased to announce our next AMA on May 6th, 2022 at 03:00 PM UTC Time: Satoshi Club x DEXILON

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DEXILON Telegram channel

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. DEXILON Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about DEXILON

For more details:
DEXILON Website – dexilon.io
DEXILON Telegram – @dexilonio_group
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on May 4th, 2022 at 01:00 PM UTC Time: Satoshi Club x Envision

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

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

Part 3: 300$ – A quiz about Envision

For more details:
Envision Website – envisioncoin.finance
Envision Telegram – @Envisionstock
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Yesports Limited and our guest was . The AMA took place on the 3rd of 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&WebSite

Mary | Satoshi Club

Hello  Satoshi Club! We are happy to announce our AMA session with Yesports Limited!  Welcome to Satoshi Club

Gold Rocket | Satoshi Club

Greetings, dear Satoshi Club community!

Today our guest is @MattDavidMarketing

Hello and welcome to Satoshi club

Matt Peters

Hey guys! Thanks for having me

Mary | Satoshi Club

Welcome here, Matt

Gold Rocket | Satoshi Club

Nice to e-meet you

Mary | Satoshi Club

How are you doing?

Matt Peters

I’m doing great, excited to be here and share some exciting insights into our project.

Gold Rocket | Satoshi Club

Let’s start with the introduction to warm up.

Mary | Satoshi Club

Awesome! Let’s start

Gold Rocket | Satoshi Club

Tell us please about your position in Yesports Limited

Gold Rocket | Satoshi Club

How did you get to be involved in crypto & Yesports Limited

Matt Peters

I am the marketing manager at Yesports. Having worked extensivley in the blockchain space for the better part of 3 years, I started out with purpose builit blockchain marketing firms before working directly with individual start ups in the space.

 Most recently I have been working closely in the game finance and P2E space with several projects looking into ways to onboard mainstream gamers into a blockchain based gaming ecosystem

Naturally my involvement with Game Fi lead me to the great team and exciting project that is Yesports as we are at the heart of web3, esports and gaming enthusiasts.

Gold Rocket | Satoshi Club

Amazing background

Give us a brief introduction to the project. What is the essence of Yesports Limited

Matt Peters

I’m sure we will deep dive into some of the elements in a moment so I’ll keep this brief.

Yesports is the world’s first web 3.0 esport engagement platform. We are set to launch the next 500+ million estimated esport fans into a web 3.0 world.

We are built on the Polygon Network and backed by Polygon Studios having received a builders grant for them in support of our project.

Our web 3.0 esport engagment platform (W3EP) entails exciting features such as

– World’s first esports Metaverse

– Largest esports-centric NFT marketplace with dedicated team store fronts

– Innovative utility first NFT access cards

Essentially we are the gateway that will allow esports teams and fans alike to further engage one and another in a host of real world and digital manners.

Gold Rocket | Satoshi Club

Sounds great

it would be great if you could introduce to us your wonderful dream team

Who is on the project team core?

Matt Peters

Absolutely

First off our CEO is Seb Quinn. He is the founder of Algorand’s biggest DeFi suite Yieldly.

Head of Growth and Marketing is Benjamin Le Roux who boasts a strong career as senior marketing officer for Google

Head of Esports is Dimi Farmakis who has been working closely with esports teams globally for many years. Dimi also helped grow the massive expansion of Fortnite, so has a deep knowledge of the space.

Head of Product Nina Stammbach that has an impressive history in the legal space concerning Defi and tech innovation.

We are working with a strong tech lead and dev team in relation to Polygon that has been working within the Polygon ecosystem for a very long time. Leaning into the polygon partnership and as sponsors of our project this is a great benefit to Yesports.

We are finalising some very exciting tech leads at the moment for some features that will be announced soon but we are very excited about reveling.

I won’t go into everyone on the team but if you would like to know more please head over to our linkedin page and jump into our telegram group where you can find out more

Mary | Satoshi Club

Really dream team

Gold Rocket | Satoshi Club

Thanks Matt for great introduction, we will have several questions selected for the Part 1. Ready to start?

Matt Peters

Lesss go

Gold Rocket | Satoshi Club

Q1 from Telegram User @Gaddijoe

Yesports has teamed up with Team Empire, Renegades,Talon Esports,Boom Esports, and Facts Revolution, ahead of launching the world first Web 3.0 Esports Engagement platform.And I know that Decentralization may make it more difficult to oversee and regulate Web 3.0 and this can lead to cybercrime amongst other things.Judging from this ,What security strategies will YESP and it’s team put in place to protect users right? what are YESP objectives for partnering with numerous Esports group?

Matt Peters

What security strategies will YESP and its team put in place to protect users right?

From day one the Yesport team has been working with world renowned security auditing firm Halborn.

We have a close working relationship with Halborn and they have been and continue to routinely edit our smart contracts and code.

Customer safety is always one of highest priorities and is part key to the longevity success of our platform. We will continue to work with Halborn keeping our users and platform safe and to our own high product standard.

What are YESP objectives for partnering with numerous Esports group?

The heart of our project is that we are an esport team to fan engagement platform. As we found in our early research once we received the Polygon builders grant, is that esport teams and fans want new and innovative ways to engage and interact.

Leveraging some of our industry leading web3 tech such as utility first NFT access cards fans will be able to access a wide range of benefits that drive engagement and access to their favourite teams. Not only does this benefit the teams directly by increasing fan bases but generates excitement and engagement for the whole esport industry.

It’s a win a win for both web3 platforms as Yesports and the esports industry alike.

Gold Rocket | Satoshi Club

Great answers

Mary | Satoshi Club

Why did you choose Polygon network? Do you plan to work with more blockchains?

Matt Peters

First off, Polygon is a low fee easy to use blockchain

The Polygon-Yesports partnership allows us the potential to collaborate on a huge pipeline of top tier esports, NFT/P2E games, and other leading businesses that are contacting Polygon studios team to assess how they can deliver Web3 for esports, gaming and their ecosystems.

There are significant benefits of being the only Ethereum-aligned and EVM compatible side chain that offers lower fees and faster transaction times, and these are starting to show as many popular games and other low-value applications that can only survive in a low fee environment have rapidly migrated to Polygon.

Mary | Satoshi Club

It makes sense!

Thank you for your answers! Ready to proceed?

Matt Peters

Lets do it

Gold Rocket | Satoshi Club

Q2 from Telegram User @Blessingchum

The Yesports’ metaverse reportedly represents the first crosschain Metaverse Engagement Platform (MEP) designed to enable more than 500M eSport fans to engage with their favourite teams in a custom built Metaverse experience. This vision is wide, I must say.. Can you give some few reasons as to why you are confident that Yesports can achieve this development (speak about the platform’s products)? Talking about the “Crosschain” functionality: How many chains have been successfully integrated? Could you list them out? Which other chains do you plan to integrate? What is the basic essence of the Crosschain functionality? Furthermore, how can users leverage the services offered by Yesports?

Matt Peters

Can you give some few reasons as to why you are confident that Yesports can achieve this development (speak about the platform’s products)?

So as a web3 engagement platform (W3EP) we are the cornerstone of a natural conjunction of esport fans and their teams. Esport fans are digitally versed and therefore aren’t necessarily held back by web3 infrastructure such as digital wallets or transacting on blockchains.

As mentioned before we have also conducted a lot of deep market research into this conjunction and have found that fans and teams alike want to further engage and enrichen their experience.

So we are very confident that we have sectioned a burgeoning market and burgeoning industry. As to the products we are using to harness this engagement; we have several exciting features including

Utility first NFT access cards

Packs will consist of a wide range of utility options that holders will be able to access such as

– VIP paid for esport event access and trips

– signed merch

– Gaming equipment

– One to one masterclasses

– Private Discord access

– In metaverse AMAs

Worlds first private team esport centric metaverse

Esport teams that have signed with us will get their own dedicated areas within the metaverse where they can do all sorts of things from private AMAs with players to closed door VIP events – the limit is endless. For now we envision the metaverse to include not just districts but also eventually become a hub for all things esports. Think about brands showcasing merch in a virtula city, where there are esports-related activities around every corner, with users being able to explore Yesports metaverse with a fully decked out avatar they can customise.

Curated secondary NFT marketplace

Here users will be able to exchange their NFTs on the secondary market. Being curated we will maintain our NFT marketplace to be constantly esport centric. 

Unique team store fronts

Each team will boast their own storefront where they can set up their NFTs for sale. We are really excited about this as it gives the esport teams a place to flex and direct fans without getting mixed up in the mess of and all in one NFT marketplace.

Furthermore, how can users leverage the services offered by Yesports?

By getting involved in our WL registrations when the NFTs first drop, being active in the Metaverse and participating with the products listed above ^

Which other chains do you plan to integrate? What is the basic essence of the Crosschain functionality?

This is one of the benefits of being a part of the Ethereum Virtual Machine and an Ethereum compatible side chain. Right now we are fine tuning and ensuring perfection for the product on the Polygon chain in order to deliver our world class product to the esports industry. From there we are looking at a wide range of compatible blockchains that fans will be able to interact with that will add depths to the overall experience.

As for a list, make sure to follow us on twitter, telegram and discord because as these become public knowledge you’ll be first to get wind of it in those groups.

Mary | Satoshi Club

As far as I understand, you are talking about plans now. So my question is when is your platform will go live? When and where we will be able to get first NFT access cards?

Matt Peters

Currently we are in the final stages of product refining, ensuring that we rid all bugs from the code, all contracts are complete etc. We are working closely with Halborn and our outstanding Polygon savy tech team to ensure this.

All these features mentioned are for 2022 but as for specifics; right now we are proud to be focused on absolute product satisfaction and ensuring safety and usability for our platform users. Once all the details are finalised we will be explosive on annoucning key dates so stay tuned in our social channels.

Gold Rocket | Satoshi Club

Thanks for your great answers

Mary | Satoshi Club

Gotcha

Gold Rocket | Satoshi Club

Are you ready for the next question?

Matt Peters

Ready

Gold Rocket | Satoshi Club

Q3 from Telegram User @Cheriemike

Let’s talk about Security which of utmost importance to all investors of $YESP token.Looking at your roadmap,you intend to have some security audits for Q2 -Q4 2022.So does that mean you have plans to be audited with many firms?If yes,can you tell us why you are taking such major steps to be audited in various firms?And I noticed that you have already been audited by Halborn Security,so can you tell us why you pick this one to first audit your smart contract?Are the results of the audit out?If yes,can you kindly share it?Most platform allow users to report bugs or any vulnerabilities when found,will Yesport also initiate a BUG BOUNTY PROGRAM too?Please explain Thanks

Matt Peters

So does that mean you have plans to be audited with many firms?

If yes,can you tell us why you are taking such major steps to be audited in various firms?

Choosing Halborn as our security auditing partner is an obvious one — they’re hugely advanced and recognizable with a massive client list. We’ve also worked with them for sometime now — it’s a partner we know and trust — along with the entire industry that uses them.

As the product develops and more contracts are created we will be doing everything we can to balance speed of go to market with the highest excellence of security audits and this is a repeated procedure to continue driving world class security and safety.

As a platform we plan to continuously grow and of course expand with the esports industry. The future holds many exciting possibilities for Yesports and this means expansions within our own platform.

As mentioned previously audits are an important key to customer satisfaction and product longevity and as we continusouly release contracts and developments we will push to maintain our strict code of safety in having things audited.

Halborn has been and continuous to be a great partner and an industry leader in audits.

We are aware of the bad actors in the space and will continuosly fortify our security to better the platform and create trust with our users.

Most platform allow users to report bugs or any vulnerabilities when found,will Yesport also initiate a BUG BOUNTY PROGRAM too

The idea of course is that we won’t have any need for such a program as we work so closely with Halborn and routinely fine tune product through auditing.

Mary | Satoshi Club

Do you plan any kind of issuance?

Matt Peters

In relation to our native token?

Mary | Satoshi Club

Yes

Matt Peters

The Yesports platform is powered by it’s native utility token $YESP

YESP is set to host an array of utility functions for holders including

– LP and reward based staking

– Voting and governance rights

– Access to platform benefits

We have worked with leading advisors to make sure that we are maximising the utility of the token for users as the product continues to develop. It is s a major key to the long term growth of the platform.

Mary | Satoshi Club

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

Matt Peters

Ready Ready

Gold Rocket | Satoshi Club

Q4 from Telegram User @MudaraSilva

You have recently announced a partnership with DAOvergence. I read in your Medium article that you are going to deepen Web3 Network with the help of this partnership. Please elaborate more on achieving this goal and explain how does this partnership help to reach the target. By the way, how does Web3 Network help to develop your project?

Matt Peters

We are really excited to partner with DAOvergence and it is through our strategic partnerships that we can continue to expand within the web3 space.

DAOvergence harnesses the technical expertise of its team and expansive partner network that is full of web3, blockchain and crypto professionals that offer our platform a wealth of knowledge and direction.

All our partnerships are selected carefully and by leaning into these networks such as DAOvergence we build a strong foundational partner ecosystem that shares our vision of launching esports into web3.

By the way, how does Web3 Network help to develop your project?

At the bedrock of web3 is removing centralised parties and creating a decentralised network. Via our platform esport teams can seemingly interact directly with their fan base and vice versa. Leveraging the benefits of immutability on the blockchain and digital wallets we can set up a one stop shop for all esport engagement needs.

What’s really exciting is our platform looks to take place within the neon city esport metaverse which are all elements of web3.

Matt Peters

I’ve got a hard stop at the end of the hour so if we can power through the next questions that would be great

Mary | Satoshi Club

Np, sure!

Thank you for your answers!

Let’s proceed

Gold Rocket | Satoshi Club

Q5 from Telegram User @ghostofcharmeleon

Hello, Yesports team.

As I understand from your documentation and project description, you are one of the exclusive platforms that will allow top esports teams to release their collectible or branded NFT. The primary sale will be carried out on your marketplace. But your main network is Polygon, which is supported by the most popular NFT marketplace. How are you going to avoid a secondary sale outside your marketplace? How will you encourage trading on your site and earn a commission on this? What are your competitive advantages?

Matt Peters

How will you encourage trading on your site?

We are excited to offer a fully curated esport NFT marketplace. What’s special about this is that we are centric to esports fans and what they are looking for.

Our NFTs leverage innovative tech that was developed exclusive for yesports as an answer to this challenge. Users can track when utility of an NFT has been used and what hasn’t, this is tech you can’t do on other platforms. Furthermore, you can only claim the utility benefits of our NFTs on our platform.

What are your competitive advantages?

Some great advantages are that our NFT access cards are packed with utility. A lot of other NFT projects focus in other directions but at the heart of our platform users will be able to unlock a range of utiltiy that can be used on Yesports. We offer more than just a beautiflu coillectible art piece but a true web3 engagement experience.

It’s also important to note that we are cornering an industry of esport enthusiasts that are excitied about utilty first and engaging with their favourite esports teams. As all the utilty is unlocked and only useable on our platform we envisage that we will be the mecca for esports engagement within web3.

Mary | Satoshi Club

Thank you

Matt Peters

Thank you guys, I will take this last question and then I need to go.

If you have any more questions do jump onto our telegram and twitter pages to find out more!

Mary | Satoshi Club

And now 6th and last question from this of our AMA

Gold Rocket | Satoshi Club

Q6 from Telegram User @Danylko_UA

Hello Yesports team!

In general, the platform is aimed at launching eSports into web 3.0. “eSports” and “web 3.0” are two sophisticated entities in the crypto space. It is no news that web 3.0 is still under development, however, web 3.0 will soon fully take over the stage considering the fact that image qualities, videos and speed of information transfer is on a top notch. How do you aim to improve users experience with the stated aim of combining eSports and web 3.0? Does the platform have what it takes to manage the web 3.0 tech? Wouldn’t this create any forms of barrier to users since only high speed internet connections can access web 3.0 effectively? Currently, what progress have you made in achieving this great fit?

Matt Peters

We have a truly cool concept we have developed here whereby the nfts have utility built in from day one— that can only be accessed and assessed via the Yesports website. It’s truly a unique innovation that answers that challenge.

How do you aim to improve users experience with the stated aim of combining eSports and web 3.0?

Esport engagement is currently embedded within the restrictions of web2. By offering the industry leading features mentioned above we offer a whole new angle on esport engagement. We benefit not only fans but also teams and the industry as whole.

Wouldn’t this create any forms of barrier to users since only high speed internet connections can access web 3.0 effectively?

Some of the great utility benefits from our NFTs are real world experiences as well. So once users have bought their NFTs the utility isn’t only restricted to the metaverse and other digital elements. Instead users have the potential to gain paid access to VIP esport events, gaming equipment and signed merch among other exciting real world experiences soon to be announced.

Think in the form of a private membership with deeper benefits and rewards than previously offered before.

Gold Rocket | Satoshi Club

Matt! maybe you can spend a quick live part?  @MattDavidMarketing

Matt Peters

I can take 2 questions  but as we have gone over time I need to get to an important partner meeting

Gold Rocket | Satoshi Club

@madamlobster can we spend 1 minute live?

Mary | Satoshi Club

Sure,

Mary | Satoshi Club

Let’s go

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Tavasya23

In the Q2 2022 , You have Planned to Launch the ESPORTS NFT MARKETPLACE, Will You Please Talk More about the ESPORTS MARKETPLACE, May I know What New Feature Will be There in this MARKETPLACE ?

Matt Peters

We have a curated NFT marketplace that hosts teams unique storefronts allowing teams to flex within their own digital space. THe esport marketplace will be fully esport centric and host all things esports. Not just access card NFTs but also rare one of a kind NFTs. Team memorable moment NFTs and exclusive drops made by teams in collab with world class digital artists

Q2 from Telegram user @Tahsinahmett

What are YeSports’ near future plans? How can we stay up to date with YeSports? How should we follow?

Matt Peters

Please jump over to our Telegram group and twitter pages for all announcements and updated roadmaps.
We have an active community in both channels as well as discord.
We put out our announcements and partnerships often and keep the hype stronf within these groups

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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