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 Bingus and our guests were
@pathfinderzips and @cryptoenjoyer. The AMA took place on 26 April.
The
AMA session was divided into 3 parts with a total crypto reward pool of 500$
In
this AMA Recap we will try to summarise the most interesting points for you.
Part
1 — introduction and questions from the Telegram community
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our
AMA session with Bingus! Welcome to Satoshi Club😀
D. | Satoshi Club:
today our guests – @pathfinderzips and
@cryptoenjoyer !
welcome to Satoshi
Club!
Mike (formerly MJ): Hey Guys! thanks for having us! I’m really excited.
Welcome here 🎉
How are you today?😀
I am fantastic, how are
you guys?
D. | Satoshi Club:
great! 😊
Mary | Satoshi Club: We as well, excited to hear more about Bingus🚀
And let’s start our AMA
😀
Mike (formerly MJ): Super excited to tell you guys all about it,
talking about it is maybe one of my favorite things to do. Lets do this!
Mary | Satoshi Club: Could you please introduce yourself and tell us
more about Bingus 😀
Rumi:
Hi guys!! 👋 Excited to hang out with you today! ☺️
D. | Satoshi Club:
happy to have you here ! 😊
Mary | Satoshi Club: Welcome to Satoshi Club 😀
Rumi:
I’m Rumi!
Mike(MJ) and I have
been friends for about 10 years.
I work in the
entertainment industry in LA – formerly at major talent agencies, media
companies, and ad agencies.
I specialize in
marketing, business development, and partnerships.
On team BINGUS, I help
connect us with influencer partnerships and develop long term marketing
initiatives.
Some of my best friends
came from shelters, and I’m excited to make the world a happier place for
animals. 🐈🐕
Mike (formerly MJ): I’m Mike, one of the devs on Bingus and the only
one currently doxxed. Bingus is a fairly simple token on paper. It is a meme
animal charity coin where 3% of each transaction is split between a 1% burn, 1%
reflect, and 1% to a charity wallet.
I came onto the project
in the most organic way possible, simply by stepping up to work on it as I fell
in love with it. After launch, the founding dev asked if I wanted to help with
the first ama and I did… and from there on out so far it’s history.
My background is not
typically in technology, it is in film/tv, that’s my day-to-day work.
Currently, I got booked last minute on a job so I’m actually sitting on set for
The Good Fight at the moment.
But I also have two
rescue dogs myself so getting to work on this project so far has been the honor
of a lifetime. So far we have donated 30k to animal shelters across the
world(20k is up on our website in proofs). We have more influencers coming on
every day to the cause like Cr1TiKaL, bbno$, Crispy Conchords, and most
importantly Rocky Kanaka an Emmy-nominated animal rescue advocate.
There’s so much more to
talk about but that is the highest level summary I can give quickly. 😊
Mary | Satoshi Club: How long are you in crypto?
Mike (formerly MJ): Personally I have been in heavily into crypto since
the 2017 bullrun, however I have always been interested in it. If only I could
find my BTC bought back in college in about 2012…. sigh. Regardless it has been
amazing all these years to watch the space grow into what is becoming a very
mature market.
Rumi:
Great question!
Funny enough I’ve only
been in crypto for about 3 months.
I’m lucky to have a
great group of friends to help bring me up to speed with industry nuance.
Really excited for the
potential here, there is so much buzz in the entertainment industry so excited
to ride that wave.
Prior to that, just a
regular old WSB Ape 🦍 🚀🌕
Mary | Satoshi Club: Only 3 months! And you already did a lot😀
Rumi:
Most nonstop insane 3 months of my life!
Mary | Satoshi Club: You’re fast guys!
Thank you for your
intro!
Ready to dive into the
details and start with the questions from our community?😀
Mike (formerly MJ): Absolutely
Rumi:
Bring it on guys! 💪🔥
Q1 from Telegram user @alberto_vzla
The first thing I read when entering the Bingus
Finance website is that your cryptocurrency is related to justice and
guarantee, based on the benefits of decentralization, what is the relationship
between this concept and the logo of a cat? How can the decentralization of
your token provide solutions for animals?
Mike (formerly MJ): Want me to take this one Rumi?
Rumi:
Go for it!
Mike (formerly MJ): So here’s how I see it. At the moment there is an
incredible rush towards cryptocurrency. Of course not only is there a ton of
money to be made in the markets trading, but I see blockchain tech as something
transformative, that will change the world. I’ve felt that way since I learned
about tech like IOTA back in 2017 and before that in general with smart
contracts.
You cant connect the
dots looking forward, you can only connect them looking back so who knows
exactly where this will all lead.
However, when we
started working on Bingus I was well aware that currently, the use cases are
limited. It’s a speculative meme coin
and the majority of our utility to the animal world is currently in simply
donating money.
Our close partnership
with Rocky Kanaka who knows everyone in the animal welfare world is not just a
media based one. We want to use his knowledge of the world to truly understand
the pain points of all of these shelters, rescues, and animal companies to
leverage our growing market cap, and developer connections to use bingus to
build dApps that can hopefully help them do their super important job for
efficiently and effectively
Mary | Satoshi Club: Did you care about animals before?
Mike (formerly MJ):To finish up with the last question, So right now
yes, our main utility is using people’s greed to do something truly wonderful,
help save a whole bunch of animals. But in the near term future, we would like
to pivot and work to solve real problems for the amazing people doing the work
day in and day out of saving animals. That type of product however takes time
to produce and an intimate knowledge of what the animal ecosystem needs from
the world of technically and blockchain.
Personally I have had 4
dogs in my life. My two as a kid we’re my absolute best friends… most of the
time my only friends if I’m honest. If you check out my profile picture you’ll
see my one-eyed rescue Luna, who is my shadow and never leaves my side.
I abolsultely adore
animals so this has been a total honor for me.
Mary | Satoshi Club: And also are your main focus on charity?
D. | Satoshi Club:
[ 👍 Sticker ]
Rumi:
This is Meatball, my
personal bingus/shelter cat angel.
I have always been one
of those girls who loves animals more than people. Every year I donate to Best
Friends Animal Society and volunteer locally at adoption events.
Bingus, for me, was a
bigger way to make an impact.
Mike (formerly MJ): At the moment yes. That is the best utility we can
provide to these shelters and rescues. But long term I am fully aware that not
only is that not enough, but we can do better. That’s why our partnership with
BogTools is so important to me. They are everything I am not. Rumi and I have
the admin and marketing side down… but the BogTools guys are absolute blockchain
geniuses and I’m proud to call them friends of ours.
Mary | Satoshi Club: Beautiful cat😍😍😍
You have awesome goals👏
Rumi:
We are exploring the ways we can provide technical infrastructure to animal
shelters. VERY early exploratory stages but there is a big need to help get
these shelters equipped to receive crypto donations and more organized. They’re
animal people, not usually tech people. So we’re working with the experts in
the space to try and figure out how we can help more.
Mary | Satoshi Club: 👍
Thank you for your
answers! Ready to go to the next question?😀
Mike (formerly MJ): For sure!
Rumi:
Always!
Q2 from Telegram user @shupyrg
Bingus is doing an awesome job helping animal
shelters with their donations. How can we suggest shelters to add them to the
donation list?
Mike (formerly MJ): fantastic question. As of right now we are looking
into a couple different solutions to have a system where you can submit
shelters we can review them easily and there could be some form of community
discussion about adding them to the vote.
Mary | Satoshi Club: May be community voting in tg group?
D. | Satoshi Club:
i want to ask, how exactly people can help with donation? they somehow should
use your crypto for this?
Rumi:
One of the best ways to do that for the time being is to reach out to one of
our Telegram admins. We have a rockstar staff of about 50 who helps us to
personally vet each of the shelters we donate to.
Community voting
options coming soon. 🙂
We are quite proud of
our liquidity voting system for shelter donations which, if you haven’t seen
it, check it out!
Mary | Satoshi Club: We will wait for solutions 😀
Mike (formerly MJ): However as of right now that is not fully
implimented and is only in initial stages of a build.
So right now we’re
mostly doing manual reviews of shelters, reaching out, setting them up with a
wallet if they don’t already have the ability to accept crypto as a donation.
Oh ya. Also our
liqidity tokens voting system buillt by BogTools is extremely unique in the
space. We wanted to incentiveize providiint liqidity but also reward the
community members who are putting their skin on the line for the project. So we
built that, those people are also in the running for a special NFT each vote.
This past vote’s NFT
will go out today. Here it is. Charlie (cr1tical) ok’ed it and loves it.
(without the logo watermark of course)
This was to commemorate
our 10k donation the LA based rescue, The Real Bark.
Mary | Satoshi Club: Awesome! 👏
Thank you for your answers! Ready to proceed?
Mike (formerly MJ): Ya for sure!
Rumi:
Yes!!
Q3 from Telegram user
@cryptofollower
I’ve read the audit made by Desesrt Finance for your
project. The first thing is about website was registered on 03/31/2021,
registration expires 03/31/2022 and says this is a possible flag. I checked
about your domain registration information right now and see it is still same.
As this is the number one potential sign of risk on the audit report do you
think of expanding the registration to maybe 10 years? I’d like to see this as
your lifetime project. Are you here for long term or short term? Your smart
contract can change but bingus.finance website must stay active forever.
Mike (formerly MJ): For sure. That’s a quick and easy fix I can do
today. Absolutely. to be honest I had bought that website when I was simply a
volunteer very early on. And at this point it’s something I definitely need to
change. Dessertswap said they would update the audit once I requested it, so I
will get that done later today and request them to update all of those things
in the audit including me being doxxed.
Thanms for checking out
our audit! We really loved getting that audit done and plan on doing more in the
future
To be clear, I will
look into all of the different offerings for domain registration and extend it
way past one year. It may not be 10, but it will absolutely be much longer than
one year.
Rumi:
We are here for the long term.
We initially didn’t
realize Bingus would be the success that it has been.
Sounds crazy today, but
we expected a simple passion project to help animals.
We didn’t expect to
dox, now things have changed as BINGUS became so much more than we expected.
So yes, we are re-registering
the website and are continually planning upgrades as well.
Mike (formerly MJ): To futher prove that we are here for the long term,
in addition to the website extension. We are already registered as an LLC in
the United States and we hold the trademark on Bingus as a cryptocurrency
Ok that about wraps up
that answer for me. 👍🏻
Mary | Satoshi Club: Yes, safety should be on the first plays, better
money goes to kitties and dogs than to the hackers😀
Really? You officially
registered?
Mike (formerly MJ): we are an absolute agreement there. 😄
Yep Bingus Token is an
LLC registered in Delaware. We registered about two weeks ago through Zen
business, and all the documentation came through. if you give me a moment I can
get you a screenshot of our certificate that Zen business sent us.
Mary | Satoshi Club: Sure! Take your time!
Mike (formerly MJ):
And there is my full
legal name . Its only cut off at the bottom so that it doesn’t dox my address.
Mary | Satoshi Club: Awesome! Thank you for sharing!
Mike (formerly MJ): Of course, happy to!
Mary | Satoshi Club: [ Sticker ]
Thank you for your
answers! Ready to jump to the next question?
Mike (formerly MJ): Let’s do it!
Q4 from Telegram user @Indomiekuy
I read that you are doing partnership with one of
influencer name Rocky Kanaka with over 2.35million subscriber youtube, can you
share with us what is the benefit that you got from this partnership? Do you
have plan to add partnership with other project or influencer in the future?
D. | Satoshi Club:
that’s a sad cat 😄
Mary | Satoshi Club: [ 😂
Sticker ]
Fat fingers 😂
Rumi:
I got this one! ☺️
Rocky is the biggest
animal-specific YouTuber in the world. He is someone who aligns with our brand
perfectly, he devotes every waking minute to helping animals get adopted.
Not only does he have a
great, engaged audience in our targeted demo, but he can help us navigate the
world of shelters. As mentioned previously many shelters are not tech and
social media savvy. Some are better run than others.
He can help us find
partners and put the donation money to good use in a tangible way – shelter
makeovers, etc.
We want to be able to
show our community how the charity funds are being used and he is the perfect
person to help us with that.
Mike (formerly MJ): Sure. I’ll answer a little bit about this and then
I think Rumi can talk a whole lot more.
Rocky is maybe the most
important partnership that we could have. I think people underestimate just how
important it is. He had a show on Netflix called save our shelter, he knows
everybody at animal planet, he knows all the shelters and all the rescues that
anyone could know.
in our pivot to
providing more utility to shelters and rescues, he is the most important person
and the perfect person to have on board. in talking with him he made it clear
that he’s very excited about block chain technology, and he’s very excited to
continue working with us beyond just a simple endorsement tweet and YouTube
video.
so yes Rocky is a
wonderful partner, but we are bringing on more influencers often.
Something that hasn’t
really become official news yet is that later this week a lead actor of a
television show will be signing on to support Bingus. It’s a fairly large show
with a massive budget in large following. I can’t say what it is yet To respect
the performers privacy, but I do work on it almost daily. He loves the deal
with the animals, he loves the deal with the burn, he loves the whole thing, I
just have to sit down with him and make it official.
Mary | Satoshi Club: Do you pay Rocky for promotions?😀
Mike (formerly MJ): So the too long didn’t read version of all this yes
we are going to be bringing on big mainstream names in the future as that is me
and rumi’s background And our whole marketing strategy
We gave him eth to give
away in an upcoming video to shelters, but we didn’t give him anything
otherwise.
Rumi: Nope.
He is a bingus holder
as well. He wanted to buy in because he strongly believes in the mission.
Mary | Satoshi Club: Oh, he is very kind!
Mike (formerly MJ): He is truly an incredible person.
Mary | Satoshi Club: That’s real magic how crypto can connect people!
Thank you for your
answers, guys! Ready to go to the next question!
Rumi:
[ 👍 Sticker ]
Mike (formerly MJ): For sure!
Q5 from Telegram user @mctrho
First of all I want to clarify that the purpose you
have and what you do is seem honorable and very admirable. Currently, ONGs are
facing a severe credibility crisis, due to the scandals that have shaken many
of these organizations. I don’t know if your project can be called an ONG, but
these often lend themselves to acts of corruption. So how can the community
know if charitable donations are true? Is there a site where the community can
check this?
Rumi:
This is a great question and something that we are sensitive to as well.
We always include the
transaction ID with our donations, which you can check out.
We ask our shelter
partners to verify on their social media as well, which they have. Here’s our third
donation to Reversed Rescue, for example.
https://www.instagram.com/p/CNi-1GejWK2/?igshid=1behcrpimhvlf
We are getting better
at updating the site with these social links as well so it’s easier to track in
one place.
This was also part of
the reason in partnering with Rocky, who has a lot of credibility, and can
actually demonstrate how the money is being used in different projects we’re
working on. So we’ll have video proof of the donation money in action which I
think is really unique.
Mike (formerly MJ): right now all of our donations are listed on our
website with proofs. However that’s a big part of what we want to get changed
and work on with the BogTools guys. I want to try and make the charity wallet
be completely out of my control. From end to end I want to users to be voting
on where the money goes in for it to be disbursed directly to the shelters and
rescues without my interaction.
however we are simply
not there yet. it’s quite a technological undertaking. so really we hope you
can just trust us when you see the shelters posting about the donations on
their own social media platforms, and viewing the transaction receipts that we
post.
Plus me being
registered as an LLC, and being doxxed I really don’t wanna go to prison lol.
Sooooo I can use the utmost care when dealing with the charity wallet.
D. | Satoshi Club:
yeah, video proof is quite unique indeed 👍
by the way, the name of
your telegram group – BINGUS TOKEN 2.0, did you restart your project? or what
does it mean 2.0?
Rumi:
I love telling this story!
Mary | Satoshi Club: But if your project will develop more and become
bigger may be you will hire accountant department?😀
Mike (formerly MJ): Ahhhh. This is a fun story.
Absolutely. I actually
have a full accounting firm I’m talking to. I am part owner of a medium sized
video production company, and we have a full accouting firm we work with so
that’s who I will be engaging.
Mary | Satoshi Club: Awesome 👍
Mike (formerly MJ): So I can across Bingus 1.0 shortly after launch. It was very promising. The community was
wholesome and we grew, very quickly over 24 hours. I truly believed I had found
the next Grumpy, without copyright issues and without baggage. The wholesome
dev had launched this as a fun little project, had seen their little coin
quickly becoming much much more. It was really amazing to watch. Price floor
after price floor were found it we we’re growing fast. Charties started to be
looked into to begin donations.
Then the unthinkable
happened. The contract that Bingus Dev had used had a mint function in it. They
had cloned a bad contract for their passion project. A user on 4chan noticed
and I noticed the dev immediately. They were crushed, they didn’t know it was
there and hadn’t minted a single new coin. We discussed possible solutions but
the only one that made sense was to tell the community immediately. The sell
off had already begun from the news on 4chan and the TG deserved to know. So
the dev did the right thing and told them immediately.
Then the sell off
really went wild. Since I had provided most of the 2BNB+ liquidity for the coin
(the dev didn’t launch this with much as it was a passion project for them) it
had become about 13 BNB during the pump. At the peak my total investment of 4
BNB (Liquidity and coins) was 25. I told the chat I’d hold for the next few
hours and let them cash out. I had made the reddit post, I had shilled and
recommended the coin, I would go down with the ship. And I did.
In the end I lost about
2BNB and 25 BNB in profit. But something insane and wonderful happened. The
community stuck around. About 90% of the people stuck around and wanted to
relaunch the coin. So I reached out to a Dev friend of mine that I’m working on
a larger long term project with. They volunteered to create a new clean
contract for Bingus and help provide liquidity for launch. I decided to throw
in some of the last of my own BNB to do the same, and other from the community
did as well. An actual community relaunch.
Bingus 1.0 was a very
simple BSC contract. Now the coin has a 1% burn, a 1% reflect to all holders,
and an 1% automatic charity wallet feature that is to be donated to animal
shelters that accept BTC.
Mike (formerly MJ): That’s the whole story 👍🏻
Mary | Satoshi Club: Long story!
i like stories which have happy end😍
Rumi:
Long story short, a few months back, Mike discovered a token called Bingus. The
developer posted on Reddit and seemed very genuine. It was something to ape
into, as one does.
We aped. Someone
discovered there was a minting function in the original contract, due to the
contract being a clone of another token. People became spooked and sold off.
Mike (one of the nicest guys in crypto IMO) held so almost everyone could get
out.
Then, the original
community rallied for the project to come back. So we brought on an additional,
more seasoned developer and our team to help. And the rest was history. 🙂
Mike (formerly MJ): Hahaha ya it’s along tale with tons of ups and
downs. So proud of how far we’ve come.
Rumi with the short version
lol.
Rumi:
I did say long story short! 🙂
Mary | Satoshi Club: Thank you, guys!😍
You have many stories
to tell👍
Ready for the 6th and
last question from this part?
Rumi: Yessss! ❤️
Q6 from Telegram user @igervacio
I use pancakeSwap a lot and the pools that are
available to generate passive income, have you considered adding your platform
token in one of those pools? Is there a way to passively generate Bingus tokens
through savings?
Mike (formerly MJ): As of right now the only way to earn Bingus
passively is to just hold it in your wallet. Personally I have mixed feelings
about farming and stuff like that. However I would be interested in looking
into getting a pool going on pancakeswap for sure.
but income generation
and farming on binance smart chain it’s something that honestly I have found to
be nine times out of 10 usually either a total disaster or a scam. BSC is rife
with farming pools that end up becoming liquidated within a week, or completely
crashing.
So when we started out
doing this project that was some thing that I wanted to be cautious about
getting into.
D. | Satoshi Club:
totally agree with you about farming pools there, it’s very risky business 😁
Mike (formerly MJ): So for now I can say that it is unlikely for us to
change that direction much, especially when there are laws in the United States
and around the world that things like farming and pools come pretty close to
breaking. I have a friend who works on Wall Street and he is friends with many
a financial security lawyer, and we have discussed these types of things with
them.
we want to make sure
that we are always operating within within the legal boundaries of the United
States, to make sure that Bingus can operate for years to come.
Thanks for the question!
D. | Satoshi Club:
👍
Rumi:
This is an interesting idea and something that we have considered exploring,
but it’s too early for us to announce anything coming in the future. We get to
do our due diligence first and if/when we do something like this, do it with
intention. Hence Mike’s lawyer comment above as well ^
Mary | Satoshi Club: You’re partially right, but i am currently farming
and enjoy my small but regular profits😀 if project is good and legit i
don’t see any problems in this. I can be wrong, of course
Mike (formerly MJ): Oh I completely agree there are some farms that are
completely legitimate, it’s just something I want to be very careful about
going forward.
D. | Satoshi Club:
you getting profit now because market in a good condition currently😇😁
Mary | Satoshi Club: I am happy that you take this things seriously 👍
😉
So…Live part incoming
🎉
Mike (formerly MJ): NICE
Mary | Satoshi Club: Are you ready for the storm guys? Need shelter?😂
Rumi:
*da baby voice* LETSGOOOOOOOO
Mike (formerly MJ): we fund shelters. We don’t need them ourselves. 😉
Mary | Satoshi Club: Let’s go 🚀
Part
2 — live questions from the Telegram community
Q1 from telegram username @Nataliyakil
For the first time information about a bald Sphynx
cat appeared in March 2020. A group on
Instagram Subarusocks posted a video in which the owner strokes the cat. The popularity of the animal rose sharply in
September due to a viral publication on the Reddit website, after which social
media users began to call all sphinxes Bingus.
This is the
story of the appearance of the real cat Bingus.
Why did you name your project Bingus and use the image of the sphinx cat
Bingus as a meme?
Rumi:
A lot of questions about the logo/name, so I’m going to take this one first! ☺️
For anyone who didn’t
know, “BINGUS” is meme – someone on Reddit saw a picture of a cute Sphinx cat,
and called it “BINGUS” in a comment.
Corpse Husband also
popularized the name.
Memes are great hooks.
Look at the popularity of doge, for example. It’s fun to say “Bingus”, and the
name was not owned by anyone – we trademarked it for crypto.
So the name Bingus has
personality and is more fun than a generic word like Meow Woof Cat Dog etc.
Look at silly names
like Google and how well they have done. 🙂
In my opinion, people
come for the Bingus, and stay for the mission.
Q2 from telegram username @h1drX
I did a little research on the statistics of
countries with the largest stray animals and found that the European countries
with the highest numbers of homeless animals are Russia (4 million), Romania
and Turkey (2 million) and Ukraine (1 million).
If we move to Latin America we find that in Mexico, 70% of the 18
million dogs that live in Mexico live on the street. There are surely more places in the world
where the situation is worse. Do you
plan to focus on these areas of the world?
Rumi:
This is great research!
Our bingus admin team
is international. We have representation from Brazil to Canada, Turkey, the UK,
etc. We have always had an international focus in mind. In fact, our second
donation ever was to a shelter in Russia.
As we scale and get
more organized, we want to continually focus on international aid. This is why
we are working on building a community voting function, to allow users to make
recommendations and vote.
The first few weeks
were about building momentum and establishing partnerships to help us scale. We
previously had less of a bandwidth to vet shelters so had to go off existing
recommendations from folks we trust.
Now we can be more
intentional and strategic with our aid.
Q3 from telegram username @mctrho
I was researching your project and I noticed that
you don’t have a roadmap, why haven’t you launched a project roadmap? Do you plan to do it in the future? Also, could you tell us what are your plans
for the remainder of this year 2021? @cryptoenjoyer @pathfinderzips
Mike (formerly MJ): So the roadmap is something I spoke about at length
during a 3-hour community ama session on twitch and had a long discussion
about. Its something I have strong feelings about.
There are MANY coins
that have elaborate roadmaps filled with buzzwords when I think we can all
agree many of them are not going to be around long enough to fulfill all their
dreams. That is exactly why we do not have a roadmap online first.
We want to ensure that
everything we put on our roadmap is something that we will do. With Bingus we
want to say what we are going to do and do it. The one thing I never want to do
is even accidentally mislead the community, and I feel a hype-filled/buzzword
roadmap is exactly that.
So we will be getting
up a roadmap shortly but in general, here is the plan. Use our connection with
Rocky to engage a roundtable of animal shelters, rescues and companies to learn
what their pain points are and then engage a hackathon of developers (likely
leaning on the BogTools guys a bit) to try and address them. That is how we
plan on sticking around long term.
We are also in the
initial stages of an NFT platform, however, that is a bit of a different
project altogether. But that will use the same codebase as NFT’s we sell for
charity inside Bingus. There are other animal charity tokens doing NFT’s before
us… what we want to do with that is ensure the NFTs we create are custom/cool
and representing animals that need the exposure. The ones who have medical
issues who need more funding, or the ones that have had trouble getting
adopted. That is the right way to do it I think, but that takes time to build
relationships with shelters.
Q4 from telegram username @MM_carlos
Before making an investment in new tokens, I first
like to verify the audits of the contracts related to the project. Has Bingus
Finance carried out audits of their contracts? If so, what platform have you
used to carry out this audit? if not, when will the audits be carried out to
generate greater confidence in investors?
Mike (formerly MJ): Yes, that was something covered in the AMA a bit
but I want to be super clear about it. (also good on you for doing your
research) We were audited by techrate and by DessertSwap. DessertSwap was a
paid audit. They cleared us with a few issues. One being that I was not doxxed
at the time, the others being a lack of email on the website and a domain that
expires after a year. The other two will be taken care of later today.
The Audit is live on
our website right now, right at the top of the page. If you have any concerns
about our security or integrity please feel free to reach out to me or Rumi.
Q5 from telegram username @Lovely_DC
Charity projects are certainly appreciated by
everyone, but in some countries there may be many who are not aware of this.
How will BINGUS spread awareness of this project? Does BINGUS have an IocaI
community so they can better understand your project?
Mike (formerly MJ): So obviously in the crypto market today, the hype
is everything. Absolutely everything. You can have an incredible project and if
no one knows about it, it doesn’t matter.
To address our general
marketing strategy, as Rumi and I come from a film and tv background… that’s
what you can expect. Influencers with a global reach onboarding the project.
Like I said earlier we will have our first endorsement from a lead actor in a
major television show later this week. And as we grow, and we can do more good
in the animal world more and more people will be coming along. The announcement
is going to be a pretty big deal but it won’t be the last thing we do that will
blow your minds. I don’t think there is another project in BSC that can do what
we are about to do.
Finally, as a global
community, and organization that had donated to shelters/rescues all over the
world and plans on expanding that soon, we do have TG communities of different
languages. We also plan on getting translations up of the website and LitePaper
soon. That is in progress.
Q6 from telegram username @Josuchams
is Bingus safe? What are your security methods, to
ensure trust to your customers?
Rumi:
A lot of questions about safety!
Liquidity is locked; we
are extending it for one year right now!
(Why it wasn’t
originally one year – if you refer to our earlier messages, this was originally
a passion project before it evolved.)
And because this is a
blockchain project we are afforded automatic security in our transactions.
Q7 from telegram username @My1queen
How can I access Bingus token and KYC required for
the process?
Mike (formerly MJ): This is maybe the most imporant question 🤦🏻♂️
and one we hadn’t covered! Right now we are only on pancakeswap. We have talked
to mutliple exhanges and people who may be able to help with that process.
However at the moment we are only tradeable there.
We do have multiple
buying guides up on our website, including an instructional video which most of
the world can use to buy.
In most instances KYC
is not required, however depending on your locaiton it may be necessary.
Q8 from telegram username @SPAZEEEE
Most of the project progress is community driven, so
what technology did you provide to the community, was there any new technology
that you used in your project?
Mike (formerly MJ): YES! I love this question because it gives me a
chance to talk about the Liquidity Points based voting system again. It’s
custom-made by BogTools from the ground up for us, and the first step in removing
Admin control of the charity wallet.
If you provide
liquidity on Pancakeswap you get LP tokens in your wallet which you can use to
cast your vote for the next shelter donation. Not only does this incentivize
providing liquidity which helps the long-term viability of the project, but it
evens out the playing fields by transferring power into the hands of the people
who are helping the project the most.
Your vote will be
weighted by how many liquidity tokens you have. Don’t you worry however! The
whales will not be able to dominate the vote. Due to the mechanics of Bog’s RNG
(random number generator) system, after the 48-hour countdown ends, it will select
a winner. Yes, those shelters with more votes/more weighted votes will have
higher odds of being selected, but it is still entirely possible an underdog
will be crowned the winner. In our first go the 2nd place of the vote was our
actual winner!
In the short term
future, we will continue to expand this system to, not only bring some new tech
to blockchain but also give the power to our community.
Q9 from telegram username @kimzyemma
Are you looking forward to add more skillfull people
to your team, if Yes, what are the steps to take?
Rumi:
Regarding joining the team and ambassador/referral programs….
Yes, we are constantly
adding new people to our admin and marketing teams.
If you join our TG, like
the project, and want to contribute, DM any ideas/suggestions to the admin
team.
We do partner with
influencers who align with our brand, so same goes for any prospective
influencers – DM us with your channels and we can review and discuss a
collaboration.
We have had so much
marketing magic come from our community members rather than our admin team.
BBno$ was a community member referral, for example. Cr1tikal was a community
effort. I think the all-hands mentality in the community is a big part of the
reason why we are winning.
In BINGUS there is
always opportunity to step up and contribute and be recognized. 🙂
Q 10 from telegram username @ Playa_Banned
Hello my question isif bingus asked you on a date, what would your response be?
Rumi: The
response is always YES!!!!
Part 3 – Quiz Results
As usual, for the third
part, Satoshi Club Team asked the chat 4 questions about the crypto project. A
link to a Quiz form was sent into the chat.
For
more information and future AMAs, join our Social Media channels:
Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Chinchilla and our guest was @TheKingofChateau – he main investor in the project and @Ankeradon – PR head of Chinchilla. The AMA took place on 23 April.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Chinchilla!
Welcome to Satoshi Club😀
Solisin:
Hello guys, Thank you for inviting us!! 🐭 I am @Ankeradon, ready
for your questions!!
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club😊
BSC LORD – GPSV: Thanks for inviting us to this AMA, we are so glad to be here today with you guys.
Mary | Satoshi Club:
Wow! Fantastic! Chinchilla family is our guest 😀
Pablo,
Hello Satoshi Club members! 😀 Pleased to be here
Gold Rocket | Satoshi Club: Very glad to meet you👋
Mary | Satoshi Club: Hi👏
Mary | Satoshi Club:
Let’s start our AMA 🚀
Solisin:
Sure! let’s do it!
Gold Rocket | Satoshi Club: Hi there😊
Mary | Satoshi Club:
And as usually we will start with intro 😀
Could you please introduce yourself and tell us more about Chinchilla 👍
Gold Rocket | Satoshi
Club:
Tell us please about yourself and your position in Chinchilla.
Solisin: ChinchillaToken is a 100% meme based & decentralized community experiment. It is same as SHIBA INU $SHIB but with different tokenmetrics.
No
Team tokens
Admin
key burned
Liquidity
locked forever
Total Supply: 100,000,000 $CHINCHILLA
We get no extra profit out of this project, as Chinchilla
has no extra fees
BSC LORD – GPSV: Well, @PabloNF is the IT head of the project, @Ankeradon is the PR head and I am the main investor in the project. We are a group of 3 friends that got involved into crypto 3 years ago and we were fascinated by the potential of DeFi so we took a leap of faith and decided to create our own token and get a crypto community to try to improve the capabilities of DeFi, which is in its infancy right now.
Mary | Satoshi Club: Whose idea was it to create the project?
Why Chinchilla? Do you love this animals?😉
Pablo,
The idea was mine because I own a chinchilla, I love chinchillas and I thought
that would be the next animal coin
Gold Rocket | Satoshi Club: Also we would like to know about your team. Who is on the project team?
it’s so cute 😁
Mary | Satoshi Club: Ahaha, i love chinchillas also, on my mind they’re the cutest animals in the world 😀
BSC LORD – GPSV: We are a team composed by 5 people right now but we tend to expand the team much bigger in the future
Gold Rocket | Satoshi Club: Are you anonymous? if so, do you plan to come out of the shadows sometime? 😉
Solisin:
Let me explain this “much bigger in the future” 🙂
Mary | Satoshi Club: Sure😀
Gold Rocket | Satoshi
Club:
Thanks a lot for the intro guys! It was very expressive! Would you like to
proceed to the questions from community?
Solisin: These 5 people are @Ankeradon, @TheKingofChateau, @PabloNF @Ericalexand and one more guy that cannot be with us.
Pablo,
Yes, let’s proceed to the questions! Thank you for let us introduce ourselves
Gold Rocket | Satoshi Club: Small but friendly team as I understand it ❤️
BSC LORD – GPSV:
Thank you guys!!!
Q1 from Telegram User @victorogb Looking at the carefully laid out road map for the Chinchilla project, there are some pretty interesting events and features marked out especially through Q2 & Q3 2021, amongst which are: the target exchange listings, the charity exploration, your fuzzies NFTs, ChinchillaCon Zoom and ChinchillaCon IRL. Can you carefully enlighten us a little on some of these unique features and what to expect from them?
BSC LORD – GPSV: Also our Chinchilla is fully doxxed already and we will be doxxed very soon 😊
Mary | Satoshi Club: That’s a great news!
BSC LORD – GPSV: Talking about ChinchillaCon, with the times we are living right now with the COVID pandemic will have a huge meeting by ZOOM or other platforms, and we will have a meeting with the whole community and share our thoughts and ideas for the project. I will let @PabloNF to talk about the rest
Pablo,
We applied to Coingecko, Blockfolio and Coinmarketcap. We are working right now
on expanding our holder base and creation of a NFT platform. Meanwhile we are
expending a lot of energy and money on our marketing proposal trying to create
a community that is involved in the project
Solisin: Chinchillas live in communities where there is no leadership, and the survival of the community depends on each individual. Everyone can shill and pump the coin and be a part of the project. We actually don’t own this project, we don’t get any profit out of it, we created the coin and we locked all the liquidity. We will be supporting any other members that wish to help and to create more on this token. This is not a Meme Token, it’s a Community Token. It is unruggable and everyday we will keep working on it with all the other chinchillers 🙂
Mary | Satoshi Club: Will you have any contests or competitions?😀 I know communities like such events.
Mary | Satoshi Club: 👍
Pablo,
Yes, right now we have our first contest on Twitter
Gold Rocket | Satoshi Club: It can be seen that you are very enthusiastic about the idea of the project. 😊
Pablo,
3 prizes for the best memes, voted by our community (125$, 50$ and 25$)
Gold Rocket | Satoshi Club: Not bad👍
Mary | Satoshi Club: Also, i wang to ask if you have enough volume to get listed on Coingecko and Coinmarketcap, as i know it’s not so easy
Pablo,
We will have bigger contest in the future!
🚀🚀🚀
BSC LORD – GPSV:
Excuse our english, we are an spanish team by the way!! 🇪🇸🇪🇸🇪🇸
Mary | Satoshi Club: Np😀😀😀
Gold Rocket | Satoshi Club: Do you plan to promote local communities?
Solisin: We reached 2.000.000 volume during our first day with only 400 members. We are certain that we will get there again
Gold Rocket | Satoshi Club: Excellent result, I dare say🚀
Mary | Satoshi Club: Wow, incredible 🤣 that’s a real success
Solisin: Of course, our Marketing project consists of advertising and creating communities on each language, such as russian, indian and chinese.. We are working on that right now.
Mary | Satoshi Club:
Thank you for your answers guys!
BSC LORD – GPSV: We will try to reach all communities, everybody is invited to the project to share its ideas and give its energy, effort and knowledge to the project. We, the chinchillers grow bigger with the community efforts!!
Gold Rocket | Satoshi Club: Thanks for the great answers! ready for the next question? 😉
BSC LORD – GPSV: Yes sure.
Q2 from Telegram User @h1drX The truth is that your project catches my attention because you don’t see projects like these often. But what is the goal that Chinchilla has in the Cryptocurrency ecosystem? I have seen on your website that the project is 100% community-driven and the team has no assigned tokens. Was this project launched non-profit? Thanks.
Gold Rocket | Satoshi Club: Awww😍
Mary | Satoshi Club:
This question was a bit covered, but i am sure that you have something to add😉
BSC LORD – GPSV:
Yes, the project is not for profit of the creators but for the community profit
as a whole. We are chess lovers so the main idea we have in mind right now and
where we are focusing our effors is developing a chess game for the community
where you can bet against other players and earn benefits with your chess
skills
By the way, there is not any tax for the team on each transaction with the token, just Pancakeswap fees.
Solisin:
After Netflix series Queen’s Gambit and the pandemia, Chess comunity has grown
inmensely and most of this chess members are into cryptocurrencies and Tokens.
So we believe it will be a great place for them to bet and to challenge other
people.
Mary | Satoshi Club:
But there is bull market now, why did you decide to create a project which
won’t bring you profit?😀
Gold Rocket | Satoshi Club: You know how to surprise, to be honest. it’s such a versatile approach to crypto … chess, chinchillas… 👍
Mary | Satoshi Club: Queen’s Gambit is really nice👍
BSC LORD – GPSV: We will profit if the token gains value of course because we hold tokens we bought fairly and because we believe in the idea so if the price of the token goes up, we all will benefit from it
Pablo,
We do not want to leave without highlighting the work we are doing on the NFT
platform, which we will launch soon
Mary | Satoshi Club: This has sense 😁
Gold Rocket | Satoshi
Club:
Thanks a lot for the clarification! Ready for the next question?😉
BSC LORD – GPSV:
Yes we are
Q3 from Telegram User @yellowchamp In your roadmap Q3 2021,your platform is going to launch a Chinchillin’ RNG Lottery in which you stated that there will be 90% winners. So,can you give us a little overview about this Chinchillin’s RNG Lottery? I think 90% winners is a lot, so can you tell us more about the mechanics of this lottery? Can anyone participate this lottery? What are the requirements of this lottery to join and what will be the rewards or prizes? Thank you
Mary | Satoshi Club: Sure! You can do it while answering this question 😁 we are big NFT lovers here!
Solisin:
Well, Lottery will be made out of fees from the Chess game. Therefore, when
lottery is running, if you participate with enough tokens, and you don’t win
the Prize, you still get back a percentage of what you paid. Most of the prize
will come from these fees and from the 10% that will be taken from the buyers.
The rest will be given back
Pablo,
First of all we want to create unique NFT to distribute between the Chinchilla
holders
Pablo,
And create a NFT platform that colaborates with other animal tokens
Mary | Satoshi Club: It’s interesting! I can only imagine how they will look like😀
Nice idea! I know that a lit of animal tokens exist, it will be like NFT zoo😀
Gold Rocket | Satoshi Club: Small token zoo 😁
Mary | Satoshi Club: So, it will be live in Q3, right?
Solisin: Yes.
Mary | Satoshi Club: Did you already test this lottery or it’s still in the development?
Pablo, Still in the development phase
Solisin: Still, in development, we are focusing right now in the game, because Lottery will not work without it 🙂
Mary | Satoshi Club: Gotcha! Thanks!
And when do you plan to launch NFTs?😀
BSC LORD – GPSV:
We are a 3 day project so everybody is very early on this right now 😄
Solisin: We are planning to get there in 10-14 days.
Mary | Satoshi Club: Awesome! We will wait for the launch ☺️
Gold Rocket | Satoshi Club: And you are probably already looking forward to the next question😉
BSC LORD – GPSV: Yes sure.
Solisin:
😀
Q4 from Telegram User @Johana0012 By holding Chinchilla tiles, we will all snuggle up and stay warm and comfortable for a relaxed trip to the moon. What are the benefits they offer to users? Is Chinchilla a deflationary or a flationary project? What will be the blocked liquid supply? How is the total supply of supplied tokens divided?
BSC LORD – GPSV:
The main idea is to add a deflationary characteristic to the token when the
games launch. A fee will be deducted from each match so that will be burned and
thus decreasing the total supply of the tokens in circulation.
Mary | Satoshi Club:
Did you already decide which fee will you deduct?
BSC LORD – GPSV:
Many tokens will be allowed to be used on the platform and those tokens will be
sold to purchase $CHI and thus giving the rewards in $CHI tokens
Mary | Satoshi Club:
What about governance?
BSC LORD – GPSV:
We are thinking about a 0.3% fee on each match an 0.15% will be burned and the
other 0.15% will be distributed among the solo CHI stakers
Mary | Satoshi Club: So, you users will have double benefits by playing games😀
Pablo, We do not aim to implement any governance mechanism
BSC LORD – GPSV: Yes they will 🤑
Gold Rocket | Satoshi Club: Thanks a lot for the answers! everything is clear to me! ready for the next question?😊
Solisin:
Go for it!
Pablo,
Ready!
Q5 from Telegram User @Jonahapagu Chinchilla & Small Furries Charity Exploration appears on your roadmap what is this Charity exploration all about, do you intend to support a charity project, where will the funds for this Charity exploration come from.
Gold Rocket | Satoshi
Club:
Partially disclosed. But maybe you want to add something
Pablo,
We are exploring the launching of a new token which will feed Chinchilla and
has a charity wallet, that will be used to fund projects that the community
votes
Mary | Satoshi Club:
What’s your community opinion about this idea?😀
BSC LORD – GPSV:
This is the great new we had prepared for the AMA so we are giving out this
announcement for the community right now
Gold Rocket | Satoshi Club: Wow🚀🚀🚀
Solisin: Well, I just wanted to summarize the main ideas of this token:
It
is a community token is unruggable and it depends on the strength of each
individual
New
token will be coming out and it will feed through fees Chinchilla token
and Charity
App
Chess game with Challenges and Bets.
Lottery
and NFTs as other tokens
Mary | Satoshi Club: You prepared a lot of surprises and activities for Chinchillas 🚀
Solisin:
To finish, we encourage any members from this and other communities to contact
us to keep developing and to help us develop all these ideas 🐭🐭🐭👍🏻
Mary | Satoshi Club:
Sure, Satoshiclubbers, join @chinchillatoken🚀🚀🚀
Thank you for your answers, guys! Ready for the 6th and last question from this part?
BSC LORD – GPSV:
Yes, we are ready🙂
Q6 from Telegram User @jodasf How reliable and secure are your contracts, have you performed any kind of audit to prove to your investors and users that it is 100% reliable?
BSC LORD – GPSV: We are planning to make an audit once the community is fully established and we have a big amount of people that believe in the project. At this moment we haven’t tried to leave or do something tricky so yes we will do it when the right moment comes but right now anybody can audit the contract and see that is fully rug proof
Gold Rocket | Satoshi Club: Absolutely agree with you! everything has its time!
Mary | Satoshi Club:
But hackers are not sleeping 😀
Hope, you will take security seriously 😀
Part 2 — live questions from the Telegram community
Q1 from Telegram user @cryptofollower This morning on your telegram group you were saying to set slippage to 12%. Why is the slippage is so high?
BSC LORD – GPSV: The liquidity provided for the token is still small but I provided 6000 BOG tokens (from bogged.finance token) that I pegged to CHI that are worth about 30k dollars. Now not big amounts of the token are allowed to be bought so maybe the slippage was big on a big buy, other that that I actually don’t know.
Q2 from Telegram user @meml97 Meme-based projects are known for having really fun and cool activities for their communities such as creative meme contests and stuff like that, can you tell us what plans does Chinchilla have to be more engaged with it’s community and really stand out as a good and cool meme project? What should we expect from your project in terms of this?
Pablo: We plan to make a lot of contests, community is very active, creating memes all time, we are alive since 3 days but this community is amazing.
Q3 from Telegram user @smelekin What are the coinburn strategies you are implementing?
BSC LORD – GPSV: We will add deflationary characteristics to CHI once the chess platform is fully implemented.
Q4 from Telegram user @Matrix Who are the biggest token holders and how can we make sure most of the tokens are not in the hands of whales?
Solisin: We don’t know who are the biggest holders, some of them are us, some others we don’t know, but what we know is that they were here from the beginning, they didn’t sell when it was ATH and they didn’t sell now. Therefore, they trust the project, but nobody can be certain if they are going to sell or not. You can be a whale if you want. The Community token is completely free.
Q5 from Telegram user @Jodasf How quickly can Chinchilla investors earn profits, what are the steps they need to take to start earning them and how easy will it be to withdraw them?
Pablo: After a first-day huge pump where we reached almost 2M$ in trading volume, chinchilla’s price is low and has now reached a really good floor. From there is just a matter of time until investors will be able to make huge profits, going in now means investors will make more than 20X once we reach ATH again. Just withdraw on pancakeswap like any other token.
Q6 from Telegram user @atillayeni If you don’t get any profit from this project where do you guys earn money from?
BSC LORD – GPSV: Let me say I am a physician as well as @Ankeradon so we have already made a living out of something else, no incentives to rug 😁
Q7 from Telegram user @h1drX I was reading the project roadmap and was intrigued by the following plan which is: “Chinchilla Charity Exploration and Little Furries”. Can you explain what this is about? Does the project have charitable intentions for the community?
Pablo: Yes, with the creation of the new token, percentage will go to the Charity Wallet. Community is excited about this new token.
Q8 from Telegram user @alptrader The pancakeswap had the similar idea of no leadership and no team coins, it was all community. What are your plans to build the community?
Solisin: The plan is to work every day on the project, mostly through marketing, TG, Discord (that will be created this weekend), Tik Tok, Reddit…, encourage the community to participate and develop ideas with different spontaneous teams that have the will to develop some of the ideas. It’s all about not giving up on the project.
Q9 from Telegram user @Beterror203 Please can give the popocoin or chart from u token same token same name scam now?
Q10 from Telegram user @Eminet001 STAKING, MINING AND FARMING are GREAT STRATEGIES in getting MORE INVESTORS AND USERSDO THIS GREAT PROJECT SUPPORTS THOSE LISTED?
Solisin: The second token will be deflationary and deduction will stake on first token. Anyway, mining and Farming only work with inflationary tokens, so we are not planning on those for the moment.
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. TWO TWO Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about TWO TWO
For more details:
TWO TWO Website – twotwoart.com
TWO TWO Telegram – @twotwoart
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Formation Fi Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Formation Fi
For more details:
Formation Fi Website – formation.fi
Formation Fi Telegram – @FormationFi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
We were delighted to welcome our guest from Moon Stop. The AMA took place on April 25th, 2021 and our guests were @pamptacular_lambos and @Sunny_Soso .
The total reward pool was 500$ and
was divided into three parts. In this AMA Recap we will try to summarize some
of the most interesting points for you.
Part 1 —
introduction and questions from the
Telegram&Bitcointalk community
Gold Rocket | Satoshi Club: Hello, dear community! We are pleased to announce our
next AMA with Moon Stop!Today our guests are @pamptacular_lambos and
@Sunny_Soso!
Sunny: What’s uppppp everybody Thanks for having us!
Andrés M. | Satoshi Club: Hello Satoshiclubbers, another
amazing project is here. @pamptacular_lambos @Sunny_Soso welcome to our group
Matrix.hh: Hello all, thank you for having us!
Andrés M. | Satoshi Club: How is going your day guys?
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club,
@pamptacular_lambos and @Sunny_Soso!
And sorry
for the little delay!
Matrix.hh: No worries at all 🙂
Sunny: Going great! Just finished up some brunch.
Ready to rock n roll
Gold Rocket | Satoshi Club: We are very glad to conducting AMA
with Moon Stop!😊
Matrix.hh: Likewise, we have been excited about this all
week.
Andrés M. | Satoshi Club: Let’s have an amazing AMA, it is
an honor for us to have you here
Sunny: Likewise!!
Andrés M. | Satoshi Club: @pamptacular_lambos @Sunny_Soso
please introduce yourself, we want to know more about you 😁
Gold Rocket | Satoshi Club: How did you get to be involved in
crypto & Moon Stop?
Sunny: I’m sunny! I handle a lot of the creative
direction/meme maker behind MoonStop and help out with community outreach.
Matrix.hh: I am a crypto enthusiast that goes by the
Moniker Matrix.hh – I was originally introduced to cryptocurrency in 2018. I
started investing then and just recently had the idea to start our coin, Moon
Stop. I think the bull run got to my head with all the memes😆I was petting my cat drinking coffee when I
had the idea actually and just went for it. It has been a crazy journey so far
and I am super excited we have made it this far.
Andrés M. | Satoshi Club: Could you show us some memes?
Sunny: Been in crypto since 2015 and have helped out
with creative direction on a handful of projects. Initially I had heard about
MoonStop though a group of friends. Starting talking with our Dev Matrix about
the project and ended up joining in on the first presale. From there, got to
know the community – made a bunch of memes.. and the rest was history
Sunny: Hahaha let me dig though the pile
Gold Rocket | Satoshi Club: Also we would like to know about your team. Who is on the project team?
Gold Rocket | Satoshi Club: Lol 🤣🤣🤣
Matrix.hh: @Sunny_Soso actually made the very first Moon Stop memes – some of our community members actually staked Moon Stop in return for OG Moon Stop NFT’s. We are working with Unifty to get our new farm up and running today actually.
Matrix.hh: Working with as in using their platform 😀
Andrés M. | Satoshi Club: Great background, great ideas come
out of nowhere
Sunny:
Matrix.hh: Haahahahah man some of those memes Sunny made
gave me some great laughs.
Matrix.hh: (we will explain this meme soon for anyone
who doesn’t know our backstory yet)
Gold Rocket | Satoshi Club: aww… I feel these memes will be
useful to you today while answering questions from our community😁
Sunny: Hahaha I mean… there are too many to keep
spamming here
Sunny: But you get the point. We’re having a lot of
fun with it
Gold Rocket | Satoshi Club: so please tell us more about your
team?
Matrix.hh: The rest of them will also be available on
our Unifty farm soon.
Matrix.hh: So our team consists of about 4 people, we
all met on Telegram actually. Sunny was there with us in our darkest days
making memes and some of our other team members, C, M S, and VODKA TONIC have
also been a great help. They were all there on day 1 of Moon Stop and have been
vital to our success.
Sunny: We’re a group of crypto enthusiasts who have
all been rugged 1000x times. In coming together, we found that transparency within
our group made us something special. We knew we wanted to do something
different with this project. From there, we’ve had tons of group meetings and
voice chats – using each of the teams abilities to help grow the community.
Matrix.hh: ^^ ahh yes, and that haha. Been rugged too
many times to count.
Gold Rocket | Satoshi Club: lol😂
Sunny: We want to prove that you can make projects
like this a huge success without being dishonest – and that transparency is
what makes a memecoin into a genuinely healthy project for all involved.
Andrés M. | Satoshi Club: Thank you guys for this amazing
and funny introduction, we have collected some community questions, are you
ready to go?
Matrix.hh: Yes absolutely!
Sunny: Yup!! Let’s do it
Q1
from Telegram User @yellowchamp
There
is a non-stop of burning of tokens in Moonstop,so can you explain why does your
platform burn as many tokens as you can in your platform? What is the main
purpose of burning a lot of tokens? What is the effect that this burning of
tokens will brings towards your platform and to the investors and traders?
Thank you
Matrix.hh: Great question, I was actually hoping to
touch on this today.
Sunny: ^ imma let matrix answer this one
Gold Rocket | Satoshi Club: Pick up one of your lovely memes
to answer 😁
Matrix.hh: Our token burns function primarily as a
gesture of good faith to our community members – to date we have burned over
100,000 USD worth of tokens. Due to the coin allocation and the nature of our
contract, not all funds are 100% locked at all times, and we have found that by
burning coins and creating more scarcity, this establishes trust in the
community and acts as an incentive to continue reaching new milestones. We
primarily burn coins at marketcap increments, and also at community decided
milestones (holders #, etc). So with many coins being unlocked (currently, we
are working on locking and reallocating some wallets), we hope to show to our
community that instead of selling those coins and crashing the chart, we want
to create more scarcity and do something to benefit our holders. We have burned
30 million coins so far, which is 1/10 of our maximum supply. And we will
continue burning coins until we land at our max circulating supply, which will
end up somewhere in the range of 220-250 million. Now that I think of it…. we
should burn some coins right now. I’m going to send 5 million coins to our
0x000dead wallet just to illustrate the fluid nature of our approach to coin
burns.
Sunny: Had to whip this one up on the spot hahahaha
Andrés M. | Satoshi Club: Great mechanism, has it any effect
in the token price?
Gold Rocket | Satoshi Club: it is so unusual! we have not yet
burned coins live during the AMA😃🔥🔥🔥
Matrix.hh: Alot of coins have their burns set up
automatically and built into their contract – which is awesome. But by doing it
this way it makes everything more engaging and fun I think.
Andrés M. | Satoshi Club: Wow 👏
Gold Rocket | Satoshi Club: @Sunny_Soso @pamptacular_lambos
Guys! You know how to strike the imagination😁
Andrés M. | Satoshi Club: Completely agree, thank you so
much for choose our community to check that event
Sunny: We like to have fun with it! We want to make
a project that is equally fun as it is a lucrative investment. Essentially – we
want to cross both worlds together.
Matrix.hh: @AndresM77 great question – there is a common
misconception in the crypto community that coin burns instantly cause upwards
price action. I think the scarcity absolutely helps long term, but unless
someone burns coins that were actually previously bought, the approach has
different results. Our coin burns act primarily to increase scarcity and engage
with the community and build hype. Everyone loves a good 0x00000dead
transaction 😆 There was one coin burn we did
though where not even a minute later the chart pamped. Was it due to the coin
burn or the hype from the coin burn itself? That is for everyone else to
decide!
Sunny: NFT farming will be a lot of fun, but we
still want to find out niche in providing a solid use case. We’ve definitely
got some fun competitions and lottery ideas coming up. We also want to be the
first memecoin to figure out a way to give away a Lambo to one of our lucky
holders.
Andrés M. | Satoshi Club: You are right, thank you so much
for the clarification
Gold Rocket | Satoshi Club: And we really liked your answers!
Ready for the next question? Or do you want to add something?
Matrix.hh: Nope, ready to go!
Sunny: Ready for the next!
Q2
from Telegram User @cryptofollower
There
is a reminder on your telegram about you have migrated your contract. And I
think with this you also should’ve move the liquidity too. But I tried to buy
some MNSTP tokens from pancakeswap with your v5 contract. But whichever parity
I try it always gave an error “insufficient liquidity for this trade” message.
Don’t you have liquidity on pancakeswap right now? What do you say about this
liquidity problem? Are there any liquidity problem right now?
Sunny: We’ve been troubleshooting – we’re working on
a video that explains how to bypass this problem but for now we’ve been sending
out instructions to our members of our telegram
Sunny:
Sunny: Q: Why is Pancakeswap not working?
A:
Pancakeswap are migrating their system.
Please
click on the V1 version ( circled in pink).
If you
end up on the homepage click the three purple lines ( TOP left). Click on TRADE then EXCHANGE. You will now
have access!
Sunny: Matrix will give you an idea of what our plan
is to fix this problem
Andrés M. | Satoshi Club: Thanks
Matrix.hh: Great ? and we absolutely appreciate and
respect inquires like this. We currently have plenty of liquidity and I think
currently with the Pancake swap v1/v2 there has been some confusion. Right now
if you try to trade on v2, you will receive that error. Our coin is currently
located on v1 – as for liquidity, we also definitely wanted to touch on this as
well. You can see a breakdown of our LP holders where 70-80% of our LP will
ALWAYS be locked, but as many have learned from Safemoon – the way these tokens
that have hardforked Safemoon are designed, the tx fees provide new liquidity
to an unlocked wallet. We will be closely monitoring the liquidity %ages and
making sure the locked coins and 0x000dead coins are always the majority LP
token holders. I will touch briefly on why having some liquidity unlocked is also
not a bad thing, it allows us the opportunity to provide LP on other platforms
which we are currently looking into. It also takes selling pressure off the
chart if we are able to use a small % of those funds for marketing efforts and
lambo giveaways, contingent on how high our liquidity pool becomes over time.
Andrés M. | Satoshi Club: Talking about holders, what are
the main benefits for them?
Matrix.hh: Also, our liquidity pool currently backs 6.38%
of the current marketcap.
Matrix.hh: @AndresM77 great question – our contract is a
reflection token similar to Elongate and Safemoon. By holding the coin, 4% of
every transaction is redistributed to anyone holding the coin. We are working
on developing a system as well where, in essence, every coin equals 1
“raffle ticket” – so the more coins one holds, the higher the chance
of winning weekly or monthly prizes goes. This incentivizes holding and buying,
and we are considering doing this for all holders and all holders who have
staked their coins in our NFT farm.
Matrix.hh: Until we have that contract fully developed,
though, the primary incentive is the 4% redistribution.
Gold Rocket | Satoshi Club: Thank you very much for this great
answer. Ready for your next question or want to add something?
Sunny: Another big part of our project is going to
be giveaways, lotteries, and even airdrops of other projects (not moonstop
related). Anything we can do to incentivize people holding our token and riding
the rocket with us long term is our goal.
Andrés M. | Satoshi Club: Great answer, thank you
Matrix.hh: I think we are good to move on!
Andrés M. | Satoshi Club: Amazing, do you have any giveaway
event at the moment or airdrop?
Matrix.hh: Our upcoming giveaway will be an NFT
redeemable for BNB prizes and one ultra rare NFT worth 1 million MNSTP – the
catch being, one must stake their coins in order to build up enough points to
redeem it! By staking coins, they are temporarily taken out of circulation,
resulting in less selling pressure. Eventually we want a large % of the
circulating supply to be fully staked.
Sunny: We are working on a partnership with another
great token (not sure if I can announce that here) – and we want to do a 1:1
airdrop for the top 100 holders or so to incentivize holding. More details will
be released about this soon!
Sunny: ^ this wouldn’t be another moonstop token,
but an entirely different project altogether.
Matrix.hh: That as well – after our AMA today I will be
working on the NFT farm and delivering that to the community. We had to
recreate it due to the migration to our new contract. Anyone who redeemed NFTs
from staking the old coin has vintage Moon Stop NFT’s now, though.
Andrés M. | Satoshi Club: Congratulations, we will be
waiting for more announcements about your events🥳, let’s proceed with the next question
Q3
from Telegram User @Highpee
Your
project has not been live for long, but within these periods, you have released
5 different versions. Version 2 came out because you said there was an error in
version 1 Smart-Contracts. Version 3 which came to correct that has some issues
of transaction fees. Version 4 that was to solve version 3 problem was messed
up by bots, Now version 5 is here. How are you going to ensure that this
recurring issues that happened within a short space of time is permanently
addressed and what steps are you taking to avid a reoccurrence? What should
investors do with the tokens they are holding from the previous versions and
which of the version tokens is presently valid and currently on sale?
Sunny: Gonna let our Dev answer this one 😉
Matrix.hh: Thanks for the ? – so as everyone who has
been involved with our community knows, we had a rough launch. I will share a
breakdown of everything we learned from
v1:
dxsale’s standard launch created an entirely new coin and our launch price was
higher than presale, so many people dumped the instant it launched for instant
profit. In retrospect, it could have been easily avoided, but there was also
the issue of not owning the contract through Dxsales standard launch.
v2: this
contract launched and had a mint function, so we launched v3.
v3: v3
had 0 tx fees and was getting absolutely abused by bot traders, slowly draining
the stagnant liquidity pool due to 0 tx fees.
v4: the
presale failed to finalize because someone who received the v4 airdrop added
liquidity before launch, and artificially inflated the marketcap to 2 billion
(yes, billion), US dollars. One of the craziest things ive ever seen.
V5: we
finally got it right and our contract works perfectly – no mint function,
successful launch, tx fees, redistribution, and more.
As
evidenced by the successive issues from each coin, I clearly had a lot to learn
so I hired an amazingly talented developer – he was actually one of the primary
devs from everyones beloved memecoin that started this all, Dogecoin. Be sure
to check out his project as he is an amazing dev and his current project is
epic (Dogira!)
I have
tried to be very transparent about the shortcomings and believe we have landed
on our final iteration, V5. Anyone who held V1 coins through V5 received 1:1
airdrop coins successively minus a few stragglers which we are working to sort
out on a case by case basis. The rocky launch was not ideal, but it is what it
is and we are where we are now. The fact our coin was listed on CMC I think
acts as a testimony to the fact even though our launch was rough, we are still
legit and persevering through it!
Gold Rocket | Satoshi Club: oh that’s so cute😁😍
Andrés M. | Satoshi Club: Is possible to see a V6 or
everything is ok with V5?
Andrés M. | Satoshi Club: Great design 💪
Matrix.hh: as for the presale funds from each of these,
I have been adding unlocked liquidity to each new coin which is also what has
allowed us to make it this far. Had v1 been 100% locked, we wouldnt be here
today, as only had 400k coins from that launch and those funds have allowed us
to continue forward,
Matrix.hh: As for a v6 – I am hesitant to say that is on
the table anytime soon. V5 works perfectly and has stabilized nicely.
Gold Rocket | Satoshi Club: I like your openness… to be
honest nobody is perfect … Even Ethereum 😉😁
Matrix.hh: Lol exactly, we have learned from each
mistake and become better and better after each one which is the main thing
that matters I think.
Andrés M. | Satoshi Club: Happy to know it, great job guys 👏
Sunny:
This is what our V4 contract did upon launch by bot manipulation and someone else adding liquidity. It brought out MC to 2B with virtually no liquidity locked. Haha. It was madness – we were all just watching it happen like 😮
Matrix.hh: HAhahhahaha man, that night was so crazy.
People in our chat were like at this rate we will surpass Bitcoin soon!
Gold Rocket | Satoshi Club: you are great! you are not hiding
anything. do not be afraid of difficulties and go forward to the moon😉🚀🌖
Andrés M. | Satoshi Club: Haha it is like a x1000 😁
Sunny: We’re really learning as we go. We got some
help with the V5 contract from somebody very well known in the crypto space – I
wish I could name drop them but I don’t think I’m allowed to. We really want to
make it work with V5. There are no plans to change the contract at this time.
Andrés M. | Satoshi Club: Well guys, ready for the next question
or do you want to add something else?
Matrix.hh: Lesson learned – do not airdrop coins before
a launch, as it is a vector for attack!
Matrix.hh: Nope, good to go!
Sunny: I’m ready for it! Matrix?
Sunny: Sweet
Q4
from Telegram User @NataliyaKil
After
reading several reviews in social networks about Moonstop, I realized that the
development of the project is difficult. It is believed that the team seems
like one of the hardest working out there, the initial contract and presale
didn’t go to plan, the current marketcap is still very low, some users have
multiple moon stops in their Trustwallet, but the information is not updated.
So
what are the real difficulties you faced on the path of becoming Moonstop, did
you overcome all the obstacles and does your community support you, which is
very important?
Sunny: Gonna let matrix take this Q an add a little
comment afterward
Matrix.hh: Thanks for the ? Nataliya – I think our
biggest obstacle right now is putting the successive coins behind us and
focussing solely on v5. When CMC listed the wrong contract address, it
definitely created a huge headache for everyone but they finally listed the
right one (on 2200 watchlists btw!). The Trustwallet pricing issue I belive is
not specifically for Moon Stop, and is an issue with their API pulling
information from CMC which does not update instantly. We are looking further
into this though. The most accurate reflection of price is in our chat where we
have a pricebot setup. As for if we overcame all the obstacles – we have overcome
most of them, but I am certain there will be more as we continue on our journey
and path. What those obstacles will be, no one knows. But we are ready to face
them and power through them! I also believe our community supports us greatly,
which is another reason we have made it this far.
Gold Rocket | Satoshi Club: Quite right! Community is the
blood of the project! Success comes with customer support!
Sunny: The people that have been with us since our
V1 launch have been extremely supportive and helpful. There are a lot of
extremely helpful people on our telegram that are helping people troubleshoot
any technical issues and explain things to newcomers. We’ve kept a pretty loyal
following in staying as transparent as possible with what we’re doing. We
really feel like we have one of the best and most supportive communities out
there, and we’re extremely thankful to be able to work hard on this project
alongside them.
Matrix.hh: Absolutely, and I definitely respect anyone
who has stuck with us throughout the rocky launch – they are veteran hodlers
after this!
Andrés M. | Satoshi Club: Btw, to increase the security and
avoid coming problems, have you audited your project?
Sunny: Even people that hopped on after V1 and
newcomers to the project seem to find a place at home with our supporters.
Andrés M. | Satoshi Club: Yes, I see that you have an
amazing community
Gold Rocket | Satoshi Club: You can be proud of your
supporters
Matrix.hh: Our current contract is verified and we are
reaching out to WOR to get everything fully audited. We want to have the coins
properly allocated and have 0x00000dead as our #1 wallet address first, but
this is certainly in the works and coming soon. There are two aspects to the audit
– being rugproof, and security, of which I believe we will certainly easily
pass once we get the coin allocation in order and lock more coins.
Andrés M. | Satoshi Club: Great job, it will increase the
users trust. Btw, currently we have a question regarding to that mentioned
wallet, ready to proceed?
Sunny: A big shout out to our supporters who tuned
in from all around the world to join our AMA. You guys are the best. Can’t
stop, won’t stop MOONSTOP, baby!
Matrix.hh: Yep!
Q5
from Telegram User @andrey_seleznov
Hi
MOONSTOP!
This
dev wallet 0xd2f42d13243d65Ce1A337b80c1812Fc83FB14ee6 contains more than 40% of
token supply, doesn’t this look potentially scary for early adopters?
Also
related question: BSCscan shows that the contract is not renounced and still
owned by the same dev address I mentioned above. Do you plan to renounce it and
make the project truly community owned? How were people reacting to this, was
this raising suspicions and if so how did you put early users at ease?
Sunny: Matrix gonna grab this one 😎
Matrix.hh: Thanks for the ? Andrey – the primary wallet
was designed to act as a reserve for coin burns, which has allowed us to burn
the coins in a flexible and fluid manner. One coin will never be sold from that
wallet and I do agree it does look scary, but the tx history of that wallet
should show it is being used as intended. Once we finish burning all coins,
that wallet will slowly fall to a lower and lower holder # and 0x0000dead will be
in place of it. As for renouncing ownership, considering there is not a mint
function in the contract, we still need to be able to operate the contract in
order to whitelist addresses for staking in our NFT farm (without whitelisting
them, they will be subject to tx fees for staking and unstaking which is not
ideal). We have absolutely no problem renouncing ownership, but still need to
have access to certain functions for the time being. If the community decides
they want it renounced, however, we can move forward with that. There just isnt
a pressing need for it currently and the benefits of operating the contract
functions currently outweigh the notion of renouncing it I believe.
Andrés M. | Satoshi Club: Thanks for the clarification, before
to proceed with the next question and talking about the different versions of
the project, when you change your contracts how do you move old tokens to new
contract?
Matrix.hh: We take a snapshot and run a script that
airdrops coins at a 1:1 ratio. So anyone who held during the snapshot receives
the new coin without having to do anything at all.
Andrés M. | Satoshi Club: So there is a new token each
version, right?
Matrix.hh: Yep, a new and improved contract has been
launched each time – each being of the Moon Stop brand, but technically a new
coin. V5 is the final iteration, however. Again, I apologize to everyone for
any confusion that was caused by this but it was necessary to move forward
successfully.
Sunny: Indeed. This is a list of all of the previous
(and current) contract
Andrés M. | Satoshi Club: Thank you guys for the clear
answer, ready to proceed with the last question of the first part?
Matrix.hh: Yes!
Sunny: (Just in case anyone needs it). It’s also
provided in our telegram chat upon request
Sunny: Let’s dooo it
Q6
from Telegram User @AmirJosh
$MNSTP
Coins can be used for staking, resulting in points redeemable for NFT’s. What
will be the usecase of MoonStop NFTs other than trading? Are you gonna build a
product around it for example a gaming platform? Where can users trade MoonStop
NFTs?
Sunny: JK! 🤣🤣
Andrés M. | Satoshi Club: Haha, In that case what will
happen with the tokens of the old versions?
Sunny: It’s funny – a lot of people market dumped
them after snapshot.. and a lot of people held on to them as souvenirs (lol).
Surprisingly some people still trade some of the old versions as there is still
liquidity in most of the pools. I held on to mine as a souvenir – and a reminder of our growth (and
mistakes) through this process
Sunny: Btw – we don’t recommend trading any old
versions of moonstop. V5 is our contract and we are not condoning any of the
others rn.
Andrés M. | Satoshi Club: Haha collectible tokens
Sunny: Hopefully one day they’ll be redeemable for
NFT or other fun prizes.. we want to find a way to reward the people that held
on to our V1-V4 nostalgia coins
Matrix.hh: Great ? – Moon Stop NFT’s are currently
tradeable and sellable on the secondary Unifty marketplace and should be
compatible on other NFT binance smart chain platforms. As for future
developments for the coin itself, we are looking into privacy use cases and as
the coin grows (allowing us access to new resources) we will continue developing
ideas and developing new things. We ultimately want to create a system that
provides liquidity for super rare NFT’s, which would take acquiring and owning
them to a whole new level. Definitely stay tuned for more as we navigate this.
Part 2 — live questions from
the Telegram community
Q1 from
Telegram User @Derazy
Where will be the Next STOP after
MOONSTOP? 🥳
Sunny: We’re going all the way to Pluto baby, this rockets got PLENTY of fuel. Pluto is a moon isn’t it?
Q2 from
Telegram User @csgonub
Do you see Moon Stop as a memecoin?
Sunny: Yes but we also plan on integrating utility into it. That is our mission
Q3 from
Telegram User @andrey_seleznov
🖐 Hi MOONSTOP! 🌜🙌
You have a great goal to create a community where everyone can generate as much content and memes as humanly possible. For every piece of content users create, they will be eligible to have the work featured in the Moon Stop meme farm. Please tell us more about this meme farm, what is it and how will it work? Will users be able to farm moonstop tokens by staking NFTs?
Matrix.hh: Moon stop tokens can be staked, in turn resulting in points which allow users to redeem NFTs. Each coin = 1 point per day. So if you stake 100,000 coins, after 24 hours you will receive 100,000 points. If the NFT is valued at 1 million points — it will take 10 days staking 100k coins to redeem it 🙂
Q4 from
Telegram User @KhaleesiTheCryptoLady
Beside from Unifty, do you have plan to
add marketplace of Moon Stop NFT
Sunny: We are making plans to apply to WazirX exchange. Currently figuring out the best way to fund their listing fee – perhaps a community donation pool.
^ we have other ideas on how to fund it too. More info coming
Q5 from
Telegram User @KhaleesiTheCryptoLady
Where does $MNSTP staking takes place? Can I locked or just hold it in Trust Wallet?
How much is the guaranteed APR we can earn in certain period of time?
Matrix.hh: Absolutely — as we grow we plan to hire managers to help us establish non-english speaking communities! Wenn man das Deutsch sprecht, konnen wir uns Deustch sprechen auch 🙂
Q6 from
Telegram User @Guandog
As a community-based project, is there anything we can do to make us have fans forever? What plans does moostop plan to implement to have an excellent community in health and disease? in the pumps and in the dumps?
Sunny: You’ve got Matrix and I and the rest of our amazing community here for you in our telegram answering questions and giving you guys the best customer service possible. Come hang out with us!
Q7 from
Telegram User @SPAZEEEE
Q. About security as a large project must have very strong security, so that it will be safe from hackers who will break into your project’s operating system, so what security system do you use in your project, sir?
Matrix.hh: Great ? — i am definitely a security nerd and operate all wallets to avoid potential vectors for attack. I dont want to give away too much info though 🙂
Q8 from
Telegram User @Arifa879
What are the main targets, partnerships that trying to achieve in the near future? And do you already have collaborative connections with strategic partners in the crypto world?
Sunny: We have some really great advisors working with us, some that have been the part of some really incredible projects (I wish I could name). We plan on expanding our circle of connections and networking with as many robust communities as possible
Q9 from
Telegram User @K2ice
You said you will be giving out airdrops of other projects not related with MoonStop. How will this be achievable and how will you go about it?
Sunny: It would be an airdrop run through a script, airdropping the tokens to people holding tokens at the time of the (announced) snapshot.
Q10 from
Telegram User @Arifa879
What is your top priorities in 2021? Could you share some plans for the upcoming year?Which part of the project are you most focused on right now?
Matrix.hh: Right now we plan to focus on marketing, developing new use cases (we want to be the first privacy oriented meme coin, among other things), and attract steady growth over time. Other things are getting the project audited, developing the raffle smart contract, and more.
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of Moon Stop. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
Welcome to another episode of our AMA
series. Today we are glad to tell you about the AMA session with our friends
from Dino Exchange, an automated
market-making (AMM) decentralized exchange (DEX) running on Binance Smart Chain
with a lot of features that let you earn tokens by yield farming or playing
games on our platform. The AMA took place on April 24 and our guest
was Cebastian, CEO of the project.
The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.
PART 1, INTRODUCTION AND COMMUNITY
QUESTIONS
Gold Rocket | Satoshi Club: Hello again, Satoshi Club! Hello and
welcome to Satoshi Club, Cebastitan – @dinoceb!
Cebastian: Hello guys! My honor to be here today.
Mary | Satoshi Club: Welcome here, How is your dino day?
Cebastian: been really good these days.
Mary | Satoshi Club: Introduce youreself. How did you get to be
involved in crypto & Dino Exchange?
Cebastian: Hi again everyone. It’s Cebastian, CEO of Dino.exchange.
I have been in crypto for more than five years. We are a fully remote team
coming from different countries. The majority of the team are based in Dubai.
We’ve worked on Ethereum before
jumping to Binance Smart Chain, we see our product that can be a great fit Lego
that completes BSC DeFi Picture.
Mary | Satoshi Club: So, i see that you prefer BSC, do you fully
deny ETH now?
Cebastian: No of course. No one can deny ETH. Its L2 is also
promising.
Gold Rocket | Satoshi Club: Was your decision to switch related to
fees?
Cebastian: yes, and speed also.
Gold Rocket | Satoshi Club: Please tell us about your team.
Mary | Satoshi Club: Yes, it will be interesting to know more about
it.
Cebastian: yea so we’re an experienced team of 30+
full-time/part-time blockchain developers who come from different parts of the
world, with one purpose, offer the best DeFi product to the market of BSC.
Gold Rocket | Satoshi Club: How long does it take to develop Dino
Exchange? What plans do you have for the future? And what can we expect from
Dino Exchange?
Cebastian: We have lots of plans in the future. First let have a
look at our roadmap and overview.
Q1 from Telegram user
@mctrho
I find the fact that the theme of the project
refers to dinosaurs is striking and interesting. As other exchanges adopt the
theme of unicorns, pancakes, etc, you decided to adopt the theme of dinosaurs,
why? I would like to know the story that made you make this decision.
Cebastian: It’s
simple :). Dinosaurs are big and powerful. We aim to be a Giant Dino in a new
age of DeFi on Binance Smart Chain.
Gold Rocket | Satoshi
Club: great goal! and what аlready done and what remains to be done for
this?
Cebastian: We
have completed our AMM DEX, you can now buy $DINO at swap.dino.exchange . We’ve just launched so the price is very
tasty. $DINO contract is 0xf317932ee2C30fa5d0E14416775977801734812D, is also
coming in a week. Lots of pump hooks incoming!
Mary | Satoshi Club: Wow!
That’s cool! So, we don’t need to go to Pancakeswap.
Gold Rocket | Satoshi
Club: You’ve taken great strides! And there is still a lot of work ahead!
Don’t forget to share with Satoshi Club!
The Dino protocol realigns incentives for network
participants by introducing revenue sharing and forum-driven network efforts to
the popular AMM model.
Cebastian: Yes.
Security is important to us. We are in the process of submitting audit with a
trusted firm. More information about this will be updated soon. You can follow
us @dinoexchange for updates!
Q2 from Telegram user
@testercoin
First of all
congratulations that you have done a whitelist lottery and completed an IDO on
this Monday, 5 days ago. What’s the fund has been raised on IDO and how long
did it take to sell all tokens? Can you share the details about your public
sale and any upcoming ICO sales maybe?
Cebastian: oh I’d
like to public the number right now but I’m forbidden to.
Because that’s exactly what we’re going to share with DINO
community in a couple of days. The number is surprising, truly.
Mary | Satoshi Club: Is
it more or less than you expected?
Cebastian: much
greater than we expected. We really appreciate the love and interest that the
community gave us. Must. Try. Harder.
Gold Rocket | Satoshi
Club: Thanks a lot for the answers! Do you want to proceed to the next
question?
Cebastian: sure
🙂 there’re lots of info I’d like to share next.
Q3 from Telegram user
@RosemaryBianco
I think a key thing that users look at before
using an exchange is to see the transaction and trading fees it has. So, can you
tell me about the exchange and transaction fees within Dino Exchange, and are
there ways to reduce them?
Cebastian: We
have developed our own tech that can make the fee even lower and the speed even
faster when people do the trades in our AMM DEX swap.dino.exchange . Our goal
is to lower the fee as much as possible so our traders can enjoy trading
cryptocurrencies fee-less.
Mary | Satoshi Club: Which
fee do you have now?
Cebastian: we
have transaction fee at the moment.
Mary | Satoshi Club: So,
Dino doesn’t take any fee currently?
Cebastian: we do,
a small proportion. And trying to lower and lower the amount.
Q4 from Telegram user
@BeaEvolet
DinoExchange is
characterized as an AMM for these platforms it is important to attract
liquidity and create a large pool, the more liquidity there is in the pool, the
less slippage the orders will have. Taking this into account, what strategies
will you use to attract enough liquidity and thus counteract the slippage of
orders? and how will you encourage users to provide liquidity? What benefits
will you offer to those who provide liquidity?
Cebastian: We will
add initial liquidity to the platform. We will also launch farming very soon
when traders can contribute their liquidity in exchange of interest in form of
LP tokens. Furthermore, lots of partnerships have lined up so we can provide
exclusive liquidity farming pools with very tasty APR.
Mary | Satoshi Club: Do
you have approximate dates?
Cebastian: We’ll
be launching Farming at the end of next week 🙂 near that time we will announce
an exact timeframe.
Gold Rocket | Satoshi
Club: What APR have you planned?
Cebastian: I’m
not allowed to announce it yet. It’s so attractive that can attract the most
grumpy farmers.
Q5 from Telegram user
@Antoni_azx
You have a section for gaming that are mainly
focused on lottery and provably fair games, can you tell us the ways to take
profits from these games? How can the users whithdraw their tokens and trade
them for other cryptos?
Cebastian: The
detailed gameplay will be announced near the feature’s launch date. Traders can
take huge profits when they won a lottery ticket or a match in one of our
games. Users can withdraw at anytime and use $DINO to swap with BUSD, BNB or
other popular cryptos.
Gold Rocket | Satoshi
Club: How it works? do you have any demo? or something similar?
Cebastian: not
yet. They are still in our final development phase. We can’t wait to tease it
for you. Our developers are playing them everyday at the office lol.
Q6 from Telegram user
@victorogb
One of the many impressive features of Dino
Exchange is it’s Cross-Chain Swap which enables users to swap their
crytocurrency assets across popular blockchains without the need of switching
between platform. What popular chains does Dino Exchange currently accommodate
with this feature, is there a limit to the amount of crypto currencies swapped
across chains and is there a minimum fee charged by the exchange to render this
service?
Cebastian: We are
targeting Ethereum, Polkadot and Solana. More chains will be available. We do
charge a small fee for cross-chain swaps. But it’s still much much cheaper than
ETH gas fee today.
Mary | Satoshi Club: Which
terms do you have for cross chain implementation?
Cebastian: we
haven’t made a final decision for the terms yet. I think I can share more
information about this in the near future.
PART 2, TELEGRAM COMMUNITY LIVE
QUESTIONS
The chat was open for 120 seconds; a
lot of questions were posted by Satoshi Club community. Our guest chose some of
them.
Q1 from Telegram User @imtoandang
Many projects rug pulled and exit
scam recently. Why should investors trust Dino.exchange not to do the same?
Cebastian: We follow a proven and established
convention for token locking. All tokens under a vesting schedule will be
stored in timelock contracts. This brings the utmost level of financial
security for the project.
We are also
working with giants in smart contract auditing, their results will ensure our
security. We will also soon announce our strategic partnerships. No big names
want to partner with rugpull project, don’t they?
Q2 from Telegram User @atillayeni
You have really so much properties on
your roadmap. Do you think you can build them all within your time schedule?
Cebastian: That is more than just a roadmap. It
is a list of major milestones that DinoExchange wants to achieve. We are working
to create a solid and transparent financial foundation, with strong calculated
financial principles and tools that bring outstanding value to our users.
Q3 from Telegram User @adaatalay
How will you protect the token value?
Will there be repurchase or burning?
Cebastian: Yes we do, burning and buy back
mechanism are in development phase and will be released soon. Burning will
boost the scarcity of $DINO tokens and increase it value.
Q4 from Telegram User @sofiaisla
Many of the projects decided to
implement NFT and it is one of the ways to attract users. What are Dino
Exchange’s plans to include NFT in your project? Will you implement them?
Cebastian: we know NFT is also a trend
recently. That’s why we are also developing NFT-integrated protocol to
Dino.exchange. We’ll will soon announce more news about this in our channels. Make
sure to tune in for more updates at @dinoexchange.
Twitter.com/dinoexchange.
By the way, don’t miss your chance to participate in our public sale at swap.dino.exchange
Q5 from Telegram User @ultimate373
What kind of incentives does DINO
Protocol have for network participants?
Cebastian: Users are rewarded with DINO tokens
for staking their funds on the platform. They can then stake their DINO tokens
to earn other types of tokens on special staking pools. The DINO token can use
for participating in community governance where users can vote on decisions
relating to the direction or running of DinoExchange.
Holders can
also use DINO to participate in different games on the platform and have a
chance to win attractive prizes. More token use cases to be updated in the
future.
Q6 from Telegram User @ronaldo_super
I missed your presale and very sad
about this. What do you suggest me to do now? Which way will be most profitable
way to get DINO token?
Cebastian: You can now buy $DINO at
swap.dino.exchange. The price is still so good to go as there’re farming and
lots of updates coming up.
$DINO
contract is 0xf317932ee2C30fa5d0E14416775977801734812D.
Q7 from Telegram User @Giniwhite
I have seen many amas about Dino
Exchange, can you tell us about the highlights of DINO’s technology and
products? How revenue does DINO generate to sustain the project in long terms?
Cebastian: Farming and staking are becoming
increasingly popular in the DeFi ecosystem. While all projects provide the same
basic yield mechanisms, the increasing value actually depends on the ecosystem
as a whole.The Dino protocol aims to provide not only idle farming but also
real use cases: DeFi products which users can actively participate in (e.g.,
provably-fair games) and DeFi-enabled ones (e.g., wallet and Dapp browser). Use
cases are king.
Besides, APR
and exclusive pools will be our competitive advantages. Our tech will ensure
the highest APR possible so farmers can enjoy tasty passive income
Q8 from Telegram User @budykarebet
What is Dino Exchange strongest
advantage that you think will make your team leading the market? and In contrast,
what is your weakness? How do you plan to overcome it?
Cebastian: Besides lower fee and faster speed
AMM DEX and high APR Farming with exclusive pools, our advantages come with our
other features that most of of our competitors do not have, they are:
Dex Aggregator:
An algorithm that aggregates different liquidity protocols to discover the most
efficient swap for your buy/sell order to maximize the tokens received.
Analytics: A
statistical automatic analysis system that assists users in capturing market
information.
Portfolio
Tracker: All in one – an asset management portal for decentralized finance
(Defi) on BSC. Users can log in with their wallets and see all their assets in
one place, as well as simple interfaces for making further investments – in
yield farming, liquidity mining, or simply diversifying their token holdings.
Games: Provably-fair
games run on top of the DeFi ecosystem, such as lottery, dice, and more. Each
game will have a unique mechanism to lock/burn DINO tokens to reduce the
circulating token supply.
Binary
Option Trading: The first decentralized binary option, in which the platform
plays a neutral role. A portion of trading fee will be used to burn and buyback
tokens.
Limit Order:
Offering the Limit Order functionality for all the DinoExchange users on the
platform. It will allow users to fully control their order by buying and
selling at a specified price.
Margin
Trading: Leveraged and margin trading, also on top of the decentralized order
book exchange.
Mobile DApp:
Fully functional and responsive mobile DApp for both Android and iOS to ensure
24/7 access to the DinoExchange ecosystem.
Payment
Gateway: Integrating the DINO token into payment gateways on iOS and Android
for users to make rapid and convenient purchases
Cross-Chain
Swap: Cross-chain swap on DinoExchange DEX allows users to swap their
cryptocurrencies across popular blockchains, without having to switch between
platforms.
Q9 from Telegram User @Kushal85127939
Could you please give us an overview
of Tokenomics of native token? Please mention some key areas which investors
should consider while choosing Dino exch?
Cebastian: The tokenomics of DINO can be broken
down as follows
The initial
emission rate is 6 DINO per block. And the emission rate will be reduced by 3%
every 864,000 blocks (~30 days).
Unlike other
yield farms where developers manually reduce emission rates according to their
own wishes, our emission rate reduction logic is coded in the smart contract.
It will be executed once update Emission Rate is called every 30 days.
This
mechanism will greatly reduce the total supply and make our token rarer and
help make DINO more valuable to hold.
Q10 from Telegram User @Prof_Rz
Is Dino Exchange easy to use? How can
Users with no knowledge about Yield farming/crypto or trading get earns from
this project? Do You have a informative material so they can understand You
business model? do you plan to pass your
product onto the normal – especially non-crypto people?
Cebastian: We
designed the platform to be easily accessible by all kinds of traders, from
novice to professional. Everyone can make profit with @dinoexchange.
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi
Club Team asked the chat 4 questions about Dino Exchange. A
link to a Quiz form was sent into the chat. Participants had 10 minutes to
answer. 300$ were distributed between the winners.
For more information and future AMAs, join our Social Media
channels:
