AMA Satoshi Club x Dogira, April 17th

We are pleased to announce our next AMA on April 17th 2021 at 03:00 PM UTC Time: Satoshi Club x Dogira

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

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

We will have the following structure:

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

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

Part 3: 300$ – A quiz about Dogira

For more details:
Dogira Website – dogira.net
Dogira Telegram – @dogiratoken
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

AMA Satoshi Club x Crypto Prophecies , April 24th

We are pleased to announce our next AMA on April 24th 2021 at 01:00 PM UTC Time: Satoshi Club x Crypto Prophecies

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Crypto Prophecies Telegram group

We will have the following structure:

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

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

Part 3: 300$ – A quiz about Crypto Prophecies

For more details:
Crypto Prophecies Website – thecryptoprophecies.com
Crypto Prophecies Telegram – @cryptoprophecies
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

AMA Satoshi Club x Disciplina, April 15th

We are pleased to announce our next AMA on April 15th 2021 at 03:00 PM UTC Time: Satoshi Club x Disciplina

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

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

We will have the following structure:

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

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

Part 3: 300$ – A quiz about Disciplina

For more details:
Disciplina Website – disciplina.io
Disciplina Telegram – @disciplinaofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

AMA Satoshi Club x Decus, April 14th

We are pleased to announce our next AMA on April 14th 2021 at 03:30 PM UTC Time: Satoshi Club x Decus

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

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

We will have the following structure:

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

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

Part 3: 300$ – A quiz about Decus

For more details:
Decus Website – decus.io
Decus Telegram – @decus_official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

AMA Satoshi Club x EQUOS, April 8th

Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from EQUOS. The AMA took place on April 8th, 2021 and our guest was @rb2323. The total reward pool was 1500$ 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

 

Маry Satoshi CLUB: Hello Satoshi Club! We are happy to announce our AMA session with EQUOS! Welcome to Satoshi Club😀

 

Gold Rocket | Satoshi Club: Hello, dear Satoshi Club! We are very glad to conducting AMA with EQUOS! Today our guest is Richard from EQUOS😃

 

Маry Satoshi CLUB: @rb2323 welcome here 😀

 

R B: Hi there Satoshi Club, thanks Mary and Gold Rocket

 

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @rb2323!😊

 

Маry Satoshi CLUB: How are you today?😉

 

R B: Great thanks 🙂

 

Маry Satoshi CLUB: Let’s start our AMA 🚀

 

Gold Rocket | Satoshi Club: Introduce yourself please. How did you get to be involved in crypto & EQUOS?😊

 

R B: Sure. My name is Richard Byworth and I am the CEO of EQUOS and Diginex, the parent company of Diginex listed on Nasdaq

 

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

 

R B: I was originally an investment banker and moved into crypto at the end of 2017 after realising that the financial industry was going to be seriously challenged by this and other new technologies. EQUOS is an exchange

 

Gold Rocket | Satoshi Club: How long does it take to develop a project? What plans do you have for the future? And what can we expect from EQUOS? good background for the project 😊

 

R B: We are focused on bringing people a full private bank type experience. This means a place where you can go and touch all of your investments, monetize your portfolio to a better degree and improve it with derivatives and borrow and lending of your assets. Equos has been being built for two years. Today we do between 30-50mln of volume

 

Маry Satoshi CLUB: Long time, you prepared well😉

R B: with a core focus on the perpetual product, with options and dated futures still to come

 

Gold Rocket | Satoshi Club: Sounds great 👍

 

R B: Today was a big day… Today was the first day of trading and the full launch of EQO. our exchange token

 

Маry Satoshi CLUB: Wow, congratulations! 🚀

 

R B: Thanks. Holders of EQO receive a number of benefits that are unique to EQUOS.

 

This includes reduced trading fees, access to future airdrops, staking rewards, collateral against derivatives transactions, and enhanced interest for crypto lending. There will also be a buy back and burn mechanism implemented once the token has been fully distributed.

 

Gold Rocket | Satoshi Club: wow! Congratulations! This is a major milestone for the project.

 

Маry Satoshi CLUB: Were your expectations fulfilled?😉

 

R B: Good question…. the token was structured like bitcoin. you can only earn it (no pre sale or sale) and the earnings are every day for traders on the platform and people who continue to hold it, earn more every day through staking every 90 days supply halves

 

Маry Satoshi CLUB: Very nice incentives for your traders!

 

R B: it is issued over two years

 

Маry Satoshi CLUB: Not every 4 years?😉

 

R B: and… there will only ever be 21million 🙂

 

Маry Satoshi CLUB: It will be faster than with BTC😀

 

R B: Its early, and today was the first day of trading. But we saw issuance of 1mln today as a special issuance for traders that were active over the past three weeks. From this point forward daily issuance drops to around 100k until the first halving

 

Маry Satoshi CLUB: It was a special event for them?

 

R B: It was the activation period. We issued 10blocks today going forward 1 block per day

 

Маry Satoshi CLUB: Gotcha! Your traders should be very happy today!

 

R B: Yes people are over the moon

 

Маry Satoshi CLUB: What a time to be alive 👍😉

 

R B: And as they are earning more tokens every day just by staking / holding, very little for sale in the secondary

haha

 

Маry Satoshi CLUB: Sure, it makes sense 🙂

 

R B: If anyone is interested they should check out the whitepaper: https://equos.io/eqotoken/ . The team behind it: Kelvin, Neil and Shane have done a truly amazing job

 

Маry Satoshi CLUB: Sure, a lot of our members already read it, but for those who missed thus important document it will be very useful!

 

Gold Rocket | Satoshi Club: A good team is half the battle!👍

 

Маry Satoshi CLUB: After your intro, Richard, i want to know everything about EQUOS! We have some questions about your project from our users! Are you ready for them?

 

R B: Its a long doc, but the whole thing is summarized in the first three pages. Yes ready!

Q1 from Telegram user @nadee5

There are so many trading platforms…But selecting right trading platform is very important … Can you tell What are the good reasons to select EQUOS platform to trade ? What are the unique features you have introduced to EQUOS platform than the prevailing similar projects ?

 

R B: 1. It is part of a Nasdaq listed company – hence SEC approved and Nasdaq levels of governance and oversight

2. Operates under the Singapore regulatory framework PSA from Monetary Authority of Singapore

3. All coins are checked for provenance on the platform so you cannot end up buying tainted or dark coins

4. All listings go through a strict listing committee: no scams

5. Security personnel from government agencies and platform pen tested by NCC Group, same group that tests amazon and google

6. Products: Derivatives, Borrow and Lending (coming soon), EQO 🙂 – if you trade on EQUOS

7. KYC / AML standards – we aren’t going to get shut down by a regulator – we have the highest standards

8. We will never trade against you. We only have external market makers on our exchange. And we act as a regulator of our markets to make sure it is always fair

 

Маry Satoshi CLUB: How soon? Do you have approximate terms?😀

 

R B: This quarter will see all user defined margin, managed accounts, multiple fiat onramps (12 more!) and cross collateralisation

 

Маry Satoshi CLUB: How many users do you already have?😀

 

R B: By summer: Options, Futures, Borrow /  Lend, and daily auction feature. We are a public company so I cannot unfortunately disclose information that is not in the public domain, we have not disclosed users

 

Маry Satoshi CLUB: Important features! Gotcha! Thank you for your answers! Ready to proceed?

 

R B: lets do it

 

Gold Rocket | Satoshi Club: Thank you very much for your answers! 👍

 

Q2 from Telegram user @johana0012

 It is my understanding that shortly after the initial launch of EQO, EQUOS will introduce the functionality to yield returns on different asset balances within portfolios in EQUOS, powered by Digivault. Will this mean, for example, Bitcoin holders in EQUOS will be able to get a return on Bitcoin? How is the main utility of EQO supported? By what percentage will EQO increase the returns available to customers by a factor?

 

R B: That is correct @johana0012 – as an example, if you have 50,000USD of Bitcoin, and you hold 50,000EQO against it, the yield rate on your Bitcoin will increase by 10% (minimum) – so if you are earning 5%, you will boost that to 5.5% by holding EQO at a minimum. More importantly, at every halving, EQOs power ratio increases, so after the first halving you will only have to hold 25,000 EQO to power up the yield on 50,000USD of Bitcoin

 

R B: the power ratio increases every halving until the last when 1 EQO powers 8USD of an asset

 

Маry Satoshi CLUB: So, how much BTC will i need to hold  after last halving?😀 If i had 50000$ at the beginning. Sorry, EQO)

 

R B: haha its more about EQO, if you still hold 50,000 USD worth of BTC, you would only need to use6250 EQO to boost the yield by a minimum of 10%

 

Маry Satoshi CLUB: Gotch, nice numbers!

 

R B: so you can see how the price of eqo is engineered to go in one direction 🙂

 

Маry Satoshi CLUB: We should start to collect EQO now or cry later?😂

 

R B: Reward blocks are the biggest at the beginning – ie now. Launch was today…. so get onboarded to Equos.io and start earning.

 

Gold Rocket | Satoshi Club: Sounds prospectively😉

 

Маry Satoshi CLUB: Thank you Richard for your answers! Ready to jump to the next one?

 

R B: Definitely

Q3 from Telegram user @Karoceh

What do you think about the future competition for CEX and DEX? Do you agree with the opinion that DEX will dominate CEX in the future? Why does EQUOS prefer to build on the CEX platform over DEX?

 

R B: Good question @Karoceh, EQUOS was designed to welcome institutions to the industry. While DEX are interesting at this point, institutions cannot use them. We designed all the features for institutions that ultimately massively benefit retail, not least not manipulating markets or trading against them but also extremely low fees

 

Маry Satoshi CLUB: We got your point 😊

 

Gold Rocket | Satoshi Club: What about the security of your platform?

 

R B: Our security team are ex government special divisions from US and UK .Our platform is penetration tested by NCC group, one of the world’s leading pen testers, who also pen test google and amazon. security is of utmost importance to us

 

Gold Rocket | Satoshi Club: Have smart contracts been audited?

 

R B: Yes EQO has been audited by an external firm as well as our own blockchain strategy team

 

Маry Satoshi CLUB: I see that hackers will bypass your exchange😀

Gold Rocket | Satoshi Club: Thanks for the answer! ready for the next question? 😃

 

R B: we get attempts every day, of course… but our team is solid and the whole organisation is trained against spear phishing attempts. yes lets go!

 

Q4 from Telegram User @konditer_rolex

When I tried to go to your site, this inscription appeared: “The Amazon CloudFront distribution is configured to block access from your country ….” Of course, I found a way to enter the site, but there I was in for another not pleasant surprise. When trying to register on the exchange, I did not find my country in the list of proposed ones. And without this, registration is impossible. Obviously, now your project is not interesting to me, since it turned out to be impossible to use. But it is very interesting to know on the basis of what you set restrictions on registration and in general about the security measures on the platform

 

R B: Hi @Konditer_rolex – I am very sorry to hear about your experience. Unfortunately we have blocks on a few countries due to regulatory issues: US, Malaysia, Singapore and Japan are currently blocked

 

Маry Satoshi CLUB: Not only, i also couldn’t access it

 

R B: where are you from Mary? or more importantly where are you resident

 

Маry Satoshi CLUB: Ukraine

 

R B: There should not be any issue with Ukraine.. I will check with the team. I am sorry to hear that.

 

Маry Satoshi CLUB: Sure! Thank you! Also i want to ask you if it is mandatory to pass KYC verification on your platform or you have some limits for deposits/withdrawals without it?

 

R B: Mary, I will message you after and make sure we get you onboard

 

Маry Satoshi CLUB: Of course! Thank you!

 

R B: We do take KYC very seriously for the protection of everybody on the platform. It is necessary to pass KYC for withdrawals. ID is required before depositing crypto, and proof of address needed for withdrawals

 

Маry Satoshi CLUB: Gotcha! I see that you take seriously all aspects of your business!

 

R B: We’re serious people 🙂

 

Маry Satoshi CLUB: Btw, that’s nice that you warn before deposit😀 Because some platforms don’t do thus and users are ‘confused’ when realize that they can’t withdraw. Thank you for your answers, Richard 😀 Ready to go to the next question?

 

R B: Always. Just keep firing them at me

Q5 from Telegram User @yellowchamp

In Equos, Fee levels are based on trade volumes. The more you trade, the less you pay. So,can you explain more about this statement? So if we trade more with Equos,the fee that we will pay will be lesser as time goes by? Can you tell us more about the Fee levels in Equos? Is there a maximum volume of trading to reach in order to pay less in trading? Thank you

 

R B: That’s right, here are the fee levels: https://equos.io/exchange-fee-schedule/. And to be clear, time doesnt need to go by, as soon as you start hitting higher levels on a run rate basis, your fees will drop as you pass through the tiers

 

Маry Satoshi CLUB: That’s really exciting!

 

Gold Rocket | Satoshi Club: you have a good plan👍

 

R B: But now if you also hold EQO you can reduce your fees even further. We’ve created a fee calculator so you can work out your fee reductions, here: https://equos.io/eqotoken/

 

 

Маry Satoshi CLUB: Fantastic! Everything is simple and clear!

 

R B: if you scroll down on that page it shows all the calculators in fact

Part 2 — live questions from the Telegram community

Q1 from Telegram User @alyaakin

If the customer wants their private wallet keys from the Equos, will it be possible to get the keys?

R B: Hi Alya, the exchange is supported by Digivault (our highly secure custodian), if you wanted to manage the keys more directly, you can set up a direct account with Digivault, but for the exchange we manage withdrawals (transactions) through our own multi key governance process

Q2 from Telegram User @K2ice

Since you are not offering the EQO token for sale, how then can users get the EQO tokens and utilize them?

R B: Hi Hakeem, there are three ways to get EQO:

trade on the platform: you earn it daily

2. Hold the tokens – you earn more daily

or 3. buy the tokens in the secondary market on EQUOS

Q3 from Telegram User @Johana0012

I understand that by maintaining EQO in EQUOS it will also entitle clients to discounts on their trading fees. On what basis will these discounts be calculated? Will the discounts be implemented through the amount of EQO that the customer has? At how many levels will the balances be updated? @rb2323

R B: Basically certain amounts of EQO push you up through the fee tiers, 10,000, 50,000, 100,000 and 500,000 – taking you through to top fee tier in case you missed me answering Johana 😉

Q4 from Telegram User @Robotliker1

For a kyc do you have any restriction for US users? Also can you please tell me what is the daily withdrawal limit per day?

R B: Unfortunately US users cannot use our platform ay this time.

Q5 from Telegram User @anh1973

$EQO uses cases????

R B: Staking, Collateral for derivatives and loans, fee reductions, airdrops, and yield enhancement on other assets

Q6 from Telegram User @alaskasb

How does the transparent orderbook that EQUOS offers its users to trade? Is this orderbook constantly updated in the cloud? How do you control and verify the same information for so many orderbooks? Will only people who complete their KYC have access to this book?

R B: The order book is the bid offer spread. The point of that statement is that there is nobody with privileged information on the book (like at nearly every other exchange) who is effectively trading against you

Q7 from Telegram User @testercoin

After you launch other properties on this quarter what max leverage are we going to see on Equos?

R B: More products coming for sure and more coin listings all this quarter. Leverage maxes out at 125x, but we limit the amount users can do at those levels (given the volatility, this is highly dangerous), professional traders generally stick to around 3-5x

Q8 from Telegram User @Guandog

Can you explain the origins of the name EQUOS, if it has any special meaning for you?

R B: Great question Lun Mei. Equos is about equality… all our customers are treated equally. EQUOS also has implications of horses and raw power. EQUOS is focused on leading the industry as we continue to evolve the platform.

Q9 from Telegram User @Yiselen

As Diginex Group develops its other businesses, it will launch additional tokens to drive business results within those companies. EQO stands for EQUOS Origin and, as its name suggests, it is the first of the utility tokens within the group’s ecosystem. What will they receive in recognition of such? Will EQO token holders get an allocation?

R B: Yes Yiselen, that is correct. As we issue more tokens across the eco-system, holders of EQO will benefit from airdrops of those tokens as a thank you for being early supporters of the platform.

Q10 from Telegram User @azrayeni

On the website it says we will never trade against you so is it true that some exchanges trade against us?

R B: Yes this is true. Nearly every other crypto exchange has a trading desk that makes markets on their platform with all the information about who is going to be liquidated where, so if they push the market there then they can make easy money by forcing liquidations..

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of EQUOS. They’ve prepared 4 questions for this part. The total reward pool for quiz was 1200$. For more information and future AMAs, join our Social Media channels: English Telegram group: https://t.me/Satoshi_club Russian Telegram group: https://t.me/satoshi_club_ru Spanish Telegram group: https://t.me/satoshi_club_spanish Telegram Channel: https://t.me/satoshi_club_channel Twitter: https://twitter.com/realsatoshiclub Website: https://esatoshi.club/ Our partners: EQUOS Website – equos.io
EQUOS Telegram – 
@equosio

 

Deeper x Satoshi CLUB AMA Session 05 April 2021

PART 1. Introduction of Deeper Network project and community questions.

Hello, Satoshi clubbers and guests of this site. We are happy to present you with a new project Deeper Network.

Deeper Network combines blockchain, network security, and sharing economy to create a global peer-to-peer network that empowers the real users of the internet and paves the way for the next generation of the web.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @madamlobster

D. | Satoshi Club – @Cool_as_Ice

The Representative of the project:

Eric Ma – @ericma888 – CMO of Deeper Network

Chao –  @chaosma – CTO of Deeper Network. 

Introduction of Deeper Network project.

Mary | satoshi club:

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

D| satoshi club:

Our guests today – @chaosma and @ericma888! Hello guys, how are you doing? Weclome to satoshi club!

Eric ma (will never pm you):

Hey guys! I’m doing great!

Chao:

Hey, Greetings! This Chao from Deeper network

Eric ma (will never pm you):

Great to be here!

Mary | satoshi club:

Welcome once again!🎉 let’s start our journey to the world of deeper 🚀

Eric ma (will never pm you):

Let’s dig deeper!

Mary | satoshi club:

Guys, please introduce yourself and tell us more about deeper 😉

Eric ma (will never pm you):

Sure, I’ll start. My name is eric ma and I’m the CMO of Deeper network. I used to be a core member at Coinmarketcap. I also have experience at exchanges.

Mary | satoshi club:

Wow, I am speechless 😂 that famous Coinmarketcap😉

Eric ma (will never pm you):

Not here today are our CEO Russell and co-founder Cheryl. Russell used to head up r&d at Intel and Pzalo alto networks, which is one of the leaders in the cybersecurity industry. He started deeper network in 2018. And has built it to where it is today. Our headquarters is in silicon valley, Santa Clara ca.

Mary | satoshi club:

Three years! Long way!

D| satoshi club:

In the middle of the bear market 😉

Eric ma (will never pm you):

Cheryl, our co-founder, was CEO of her blockchain consulting company.

Mary | satoshi club:

Yes, but it’s a nice time for development

Eric ma (will never pm you):

She helped projects like QTUM and Tron start and build to where they are today from the consultant side.

Eric ma (will never pm you):

And we have our CTO, Chao: who is here with us today. I’ll let him introduce himself 🙂

Chao:

Hey, I am CTO of Deeper network. I became interested in blockchain around 2014 because of DEthereum. I used to work in harmony as a protocol architect and core developer.  Last year, I joined Deeper network working on our blockchain.

Mary | satoshi club:

The deeper team gathered the best of the best😃

Eric ma (will never pm you):

Thanks, Mary.

Chao:

We have joined the builder’s program and web3.0 grant in Polkadot and become part of their ecosystem

| satoshi club:

Nice! This is awesome!

Eric ma (will never pm you):

We’re all super passionate about protecting people of the world from censorship, protecting their privacy and creating a fairer internet for all.

Mary | satoshi club:

I see👍

Chao:

Our test net is passed an internal test with about 1000 devices and going to be launch soon. Cheers

Mary | satoshi club:

So, what important changes will bring deeper to our world?

Eric ma (will never pm you):

We are trying to make the world more secure, private and more fair from the internet point of view. Fairer I should say. We have 5 generations of hardware, called the deeper connect.

Mary | satoshi club:

It’s a great mission 🚀

Eric ma (will never pm you):

This hardware offers lifetime DPN (decentralized VPN). Also, offer enterprise-class cybersecurity. DPR token mining. As well as the gateway to web 3.0. We want every household to have one in their house to protect them. Currently, we have over 10,000 units sold around the world which means 10,000+ decentralized nodes running!

Mary | satoshi club:

Wow! You’re moving fast🔥

Eric ma (will never pm you):

By the end of the year, we’re projecting over 100,000+ nodes as we ramp up production and distribution. And in 2-3 years, millions of nodes around the world.

https://www.indiegogo.com/projects/world-s-1st-decentralized-VPN-firewall-for-life#/

This is our best-selling deeper connect mini. We broke records on IndieGoGo and the best blockchain product to ever hit IndieGoGo. Anything you’d like to add @chaosma?

Chao:

For the hardware and product part, you mentioned it already. For the future vision, when our main net is launched, we will make deeper connect as the gateway or DAPP store for our users.

Mary | satoshi club:

Thank you, guys! A lot of info!

Chao:

The users can easily access DAPPs from not only our chain but also other projects in Polkadots

Eric ma (will never pm you):

https://www.altcoinbuzz.io/cryptocurrency-news/finance-and-funding/deeper-network-raises-1m-in-fundraising-campaign/

Mary | satoshi club:

Congratulations 👏 it’s an important to step for your project!

Eric ma (will never pm you):

Thank you. Done

Mary | satoshi club:

I can add ‘wow’ after your every message 😉 but let’s dive deeper into the deeper!

D| satoshi club:

Thank you for the amazing intro! We will continue with the questions from our community if you are ready?

Mary | satoshi club:

We choose some questions from our users for the first part!

Eric ma (will never pm you):

Sounds good

Preselected questions about the Deeper Network DeFi project.

D| satoshi club:

Q1 from telegram user @dudeiebitch

Hey, your public sale was conducted on more than 3 platforms with different dates and timeframe, I want to know why you did so i.e conducting the sale on three different platforms and what is your soft cap and hard cap with the percentage reached on the token sale.

Eric ma (will never pm you):

www.deeper.network

Great question. So, we want the world to know about our product. The strategy behind multiple IDO platforms was for 2 reasons. First, we wanted more opportunities for people of different communities around the world to be able to purchase $ DPR. Secondly, from a marketing perspective, we get triple the exposure and support. If you’re interested in our token metrics, check out this link on our website and scroll down:

https://deeper.network/publicsalelanding

Hardcap is at 10 billion DPR

Mary | satoshi club:

It shows your respect and cares for users, very hard to buy on IDO now.

Eric ma (will never pm you):

Mind you… 60% of that is reserved for mining! Which you can do simply with the hardware device, deeper connect.

Mary | satoshi club:

A lot!

Eric ma (will never pm you):

Yes, we listen to our community and thus made this decision. Yes, mining over 50 years’ time. Thanks for that question. And congrats $100!

Mary | satoshi club:

Long time, everyone has a chance 😉

Eric ma (will never pm you):

Yes, fair mining through proof of credit algo. Contribute unused bandwidth to deeper network, gain DPR.

Mary | satoshi club:

Btw, we have the next question about proof of credit😉

Eric ma (will never pm you):

Cool

D| satoshi club:

Indeed. Are you ready to hear the next question? 😉

Eric ma (will never pm you):

We are. Are you going to read it to us?

D| satoshi club:

Q2 from telegram user @lukacy

From your whitepaper, I got to know that your network is based on a proof of credit (poc) consensus mechanism. I know of pow(proof of work) and pos(proof of stake). Why did you choose  PoC with low popularity? How will this protocol maximize the purpose of Deeper network project? Will it better enhance security? I need clarity about that. Thanks.

Chao:

Good question! Let me answer it

Mary | satoshi club:

Nice plan! Sure, this will work!

Mary | satoshi club:

Take your time 😀

Chao:

 PoC is designed specifically for our system. Basically speaking, our system has two layers. The top layer consists of hundreds of validator nodes, i.e. Layer1. The bottom layer, i.e. Layer 2 consists of (potentially) millions of light nodes (i.e. Deeper connect devices)

When two devices (in the bottom layer) connects to each other, one device(server) will share bandwidth with the other (client), in this case, the client will pay for the data using what we called micropayment.

Mary | satoshi club:

How does your system work depends on the number of l2 users?

D| satoshi club:

And what about layer3? Is it possible that you will create another one?

Chao:

When the server claims the micropayment online which is proof of data usage, the blockchain will increase its “credit score” according to our protocol. So, the device account can delegate its credit scores to validators to join the consensus. In this point of view, PoC is very similar to pos, instead of staking your tokens, you stake your credit scores

Chao:

And  PoC is more fair in the sense that for the rich who has a lot of tokens, his/her voting power is much more than the average people, but PoC, it takes time to earn your credit and every account’s credit is capped by 800.

The more devices in l2, the more secure of l1, because they join consensus through credit staking (i.e. Poc. I would be imaging when there are millions of nodes in the l2 network, the majority of voting power is the PoC portion.

Mary | satoshi club:

But is it possible that a person can create several accounts? And the power he will have still will be high?

Chao:

Actually, in our system, it’s a mix of PoC and pos. You can either stake your tokens or stake your credit score

Mary | satoshi club:

Wise system 😀

Chao:

Good question. Actually, in our design, to avoid Sibil attack, we will use the distributed random number generated by blockchain to randomly pair devices for each epoch/era. In this case, the probability of malicious devices matching is very low. We also require each device has to deposit an initial amount of token when register on the blockchain.

D| satoshi club:

Sibil attack?

Eric ma (will never pm you):

We’re going deep guys.

Chao:

Also, in each epoch, if you only received micropayment from one account, the system would not increase your credit score. You at least need to receive payments. More than one account. This further reduces the probability. Sibil attack, yes, it’s a typo.

Eric ma (will never pm you):

Sybil attack is a type of attack seen in peer-to-peer networks in which a node in the network operates multiple identities actively at the same time and undermines the authority/power in reputation systems.

D| satoshi club:

Thank you for the clarification!  👍

Chao:

Okay, it’s not typo, haha

D| satoshi club:

Haha, 😄Thank you for the detailed answers guys! Ready for the next question?

Eric ma (will never pm you):

Good thing nobody typed Sybil attack. There’s no excuse for that. Yes, we are.

D| satoshi club:

Q3 from telegram user @nataliyakil

You offer your equipment for mining DPR tokens: family, lite, mini, nano, and pico. Can you give a small description of each product and recommendations for their use? Are they available for sale and how is the whole process of buying and shipping equipment going?

Eric ma (will never pm you):

I think both Chao and I can answer this. I’ll start.

Mary | satoshi club:

Very interesting question 😉

Eric ma (will never pm you):

So yes, as I mentioned earlier, we have 5 generations of working product currently and a 6th on the way! That’s rare in the blockchain space. We’ve partnered with partners like best buy and amazon, stack social, Newegg, IndieGoGo, for instance as retail distributors for us.

We also have 2 distribution warehouses around the world Hong Kong and USA. We are currently selling the deeper connect mini and nano!

Mary | satoshi club:

How profitable is it to buy your equipment from an economic point of view?

Eric ma (will never pm you):

Depends on how much you value your privacy, hate censorship, and your freedom to access information. Like I mentioned earlier, demand for our product currently much higher than supply. We are trying our best to keep up.

But users who receive our product are ecstatic and posting random reviews on youtube.

https://www.youtube.com/watch?v=e5jnrgyuoms&t=160s

Here’s one recent one from a man in England who purchased his. Not the best video quality but he gets his point across.

Mary | satoshi club:

We will watch it! It’s definitely what we want to see👍

Eric ma (will never pm you):

Please know, this is not a sponsored video from us!

You can buy the mini here: https://www.indiegogo.com/projects/world-s-1st-decentralized-VPN-firewall-for-life#/

Mary | satoshi club:

And such videos are really important 😊

Eric ma (will never pm you):

Here’s a link to buy our nano: https://stacksocial.com/sales/deeper-connect-nano-world-s-1st-decentralized-VPN-firewall-for-life.

There is currently a discount on them for early purchase.

Chao, would you like to add anything?

Mary | satoshi club:

Are there any countries in the world where your equipment isn’t available for purchase?

Chao:

Not for this question, ha-ha.

Eric ma (will never pm you):

Purchase now so that when we launch our main net in q3, mining will start.

Chao:

Actually, our test net is going to launch soon, if you purchase now, you can try the test net, the tokens you have mined will be converted to main net tokens when the main net launched

Eric ma (will never pm you):

If you’re into mining, the mini is slightly more efficient on that because of its bigger aluminum casing surface space for cooling and specs.

Chao:

The conversion rate is to be determined though

Eric ma (will never pm you):

Bonus!

Chao:

Yeah, it’s a bonus. Also, encourage users to beta test our blockchain

Eric ma (will never pm you):

Sweet, I’m going to do that after this ama. Lol

Mary | satoshi club:

Satoshiclubbers! How do rate your privacy? 😉

Eric ma (will never pm you):

DPR will get directly deposited into the device wallet.

Mary | satoshi club:

It’s easy and comfortable 👍

Eric ma (will never pm you):

We designed the device to be easily used by the general public from every perspective. The device is plug and play, with zero configuration. The user interface is full of graphics and easy to use. From parental control to mining of tokens. Nobody has to have a degree in blockchain to know how to use it. Your grandma can use it with ease.

Mary | satoshi club:

That’s true😂

Eric ma (will never pm you):

Done

Mary | satoshi club:

Ahaha, you even care about our grandmas😉

Eric ma (will never pm you):

We do. Grandmas are the best.

D| satoshi club:

This is the main point 👍

Eric ma (will never pm you):

The deeper network loves grandmas!

Mary | satoshi club:

Thank you! Your answers are very detailed! Everything is clear for me😀

Eric ma (will never pm you):

Thank you

Mary | satoshi club:

Ready to proceed?😀

Eric ma (will never pm you):

Ready

D| satoshi club:

Q4 from telegram user @meml97

One of the key use cases of the deeper network is to provide users with network anonymity thanks to its DPN, but can you tell us more about the system the provides this anonymity and how stable is this DPN? We can see often interruptions on VPNs that at some point cut out this anonymity provided. Will this happen on Deeper’s system as well? How will you prevent this from happening and provide a 100% stable service?

Eric ma (will never pm you):

I’ll let Chao start this one

Chao:

Sure

The DPN stands for decentralized VPN. For VPN, you need a remote server (let’s call it a relayer) to host the service, when you access some website, the relayer will send your encrypted packets to the website and send the response back to you.

Eric ma (will never pm you):

Chao:

If the server is down or block, your VPN is not working

Mary | satoshi club:

So, I will never lose connection with DPN?

Chao:

I would not say 100% now, there might be software bugs or other issues when the DPN is not stable, but we continue improving it.

Eric ma (will never pm you):

Chao:

For DPN, each device acts as a server as well as the client. So if one remote device is down, you can always choose another one. We will keep a list of servers to choose from. I.e. The more devices the harder the service is down

Mary | satoshi club:

I like this, seems very easy to use and useful 😀

D| satoshi club:

I like this device; it would be good looking on my desk.

Eric ma (will never pm you):

Mary | satoshi club:

First on mine😂😂😂

Eric ma (will never pm you):

Lol, yes, we took care of the design of it too. It’s not plastic. It’s a heavyweight aluminum casing.

D| satoshi club:

Wow niiice.

Chao:

Yeah, it’s kind of stylish. My part is done @ericma888  do you have anything to add?

Eric ma (will never pm you):

Let me see.

Mary | satoshi club:

Thanks, guys! If you want to add something you can add it, or we can go to the next question 😉

Eric ma (will never pm you):

Did you talk about deeper’s users the ability to purchase cloud firewalls? For blocking ips on other nodes. Well, it can do this too. We can go to the next question. Looks like Chao want to add something?

D| satoshi club:

He’s typing 👀

Mary | satoshi club:

Really?

Eric ma (will never pm you):

He’s always typing. He’s a coder. Lol.

D| satoshi club:

Hahah

Mary | satoshi club:

Guys, I love your sense of humor 😂😂😂

Chao:

Yeah, I just mentioned the stability, we also have 7 layers firewall. The CEO hui is from Paloalto network, he is very experienced in this

Eric ma (will never pm you):

This graphic above really shows VPN vs DPN. VPNs are centralized.

Chao:

Also, have ads block, and finer control of your network condition, like configure tunnels for a specific domain. But these are not related to the question though, Done.

Eric ma (will never pm you):

Central weak point. Done also.

Mary | satoshi club:

Btw, will DPN work faster than VPN? I always have troubles with speed

Eric ma (will never pm you):

Many factors will affect that, but VPNs have been known to slow down the internet. With DPN a robust network, everything should flow like water. Smooth.

D| satoshi club:

Me too. Using opera’s VPN most of the time

Mary | satoshi club:

Then I am yours😂😂😂

Eric ma (will never pm you):

Watch that video I sent earlier. The guy said his internet got faster.

Chao:

In most cases, you will not feel much difference when using DPN and without using DPN. Actually, you can configure which domain to use DPN, so for another website, you just use your own network without the DPN function.

Eric ma (will never pm you):

Because of the ad-block feature built into the deeper connect.

Mary | satoshi club:

Gotcha!👍

Eric ma (will never pm you):

It’s all about giving users the freedom to choose!

Mary | satoshi club:

Yes, freedom is important! Thank you! Ready to go to the next question, guys?

Eric ma (will never pm you):

Yes

Chao:

Yeah

D| satoshi club:

Q5 from telegram user @testercoin

As I read the “layer structure” from the whitepaper it says there are two layers in the deeper network blockchain. The top layer consists of hundreds of validator nodes and the bottom layer consists of millions of deeper devices. As the top layer is secured by the credit scores of bottom layer devices how do you distribute the rewards to all of those devices? And is it possible for us to create a top layer node and become a validator?

Chao:

Let me answer this one

Eric ma (will never pm you):

For @chaosma these questions are legit guys Love it

Mary | satoshi club:

Our clubbers are masters of questions 😉

Chao:

The block reward will first distribute to different validators according to the total “voting power” of the validators. After that, the reward will split into two parts: pos and PoC according to their total weight of this validator. Then distribute to delegators according to their credit scores (if PoC) or their token amounts (if pos)

Eric ma (will never pm you):

While Chao is answering this question, I’d like everyone to know that we are the winners of the builder’s substrate’s web3 grant. We are building important substrate infrastructure for Polkadot! https://www.bloomberg.com/press-releases/2021-01-06/deeper-network-wins-web3-foundation-grant

Chao:

Yes, it’s possible. We are using Polkadot’s BABE/GRANDPA consensus algorithm. And in each era, you can choose to become validator candidates. Then there will be elections to determine the validators of the next era

Mary | satoshi club:

Congratulations on this! 👏 How will these elections take place?

D| satoshi club:

Congrats! 🥳

Chao:

Done

Eric ma (will never pm you):

“that sh*t ain’t easy to win.” -Abraham lincoln

D| satoshi club:

That’s for sure 😄

Mary | satoshi club:

I even can’t imagine, but you did this!

Did he really say this? 😂

Eric ma (will never pm you):

Don’t believe everything you read on the internet 😉

Mary | satoshi club:

Ahaha 🤣

Chao:

We use the pharagmen (forget the exact spelling) algorithm which is the one used by Polkadot and Kusama

Mary | satoshi club:

Yes, my spelling limps now😂

Eric ma (will never pm you):

https://coinmarketcap.com/currencies/deeper-network

Chao:

I am also thinking of simplifying this part because this algorithm is np hard and there is no optimal solution.

Eric ma (will never pm you):

Does anyone know Cryptolark?

These Are the Five Hottest New Altcoins on the Market, According to Crypto Trader Lark Davis

Eric ma (will never pm you):

Guess what, he thinks DPR is one of the hottest new altcoins coming up!

Chao:

https://wiki.polkadot.network/docs/en/learn-phragmen

Eric ma (will never pm you):

I smell a fire. Join our Telegram community: https://t.me/deepernetwork

To find out the latest! Done 😃

Mary | satoshi club:

I have a lot of material to read after our ama😂

D| satoshi club:

Yep

Mary | satoshi club:

Wen listings? 😂

D| satoshi club:

When Binance? 👀

Eric ma (will never pm you):

Make some popcorn. Uniswap APR 10 UTC !!!! Binance another tier one exchanges coming up we hope! We are working on all this!

Mary | satoshi club:

So, everyone who will miss the sale have chance 😉

Chao:

Haha, let me know if you want to discuss or any questions.

Mary | satoshi club:

Sure!

Eric ma (will never pm you):

Super short but great read for you: https://cointelegraph.com/news/DPN-vs-VPN-the-dawn-of-decentralized-web-privacy

D| satoshi club:

Thanks!

Eric ma (will never pm you):

Any other good questions?

Mary | satoshi club:

One question left from this part 😉

D| satoshi club:

Q6 from telegram user @wormz28

Deeper connect is a decentralized gateway to web 3.0. That means no single entity can dominate over the entire network. So aside from deeper connect securely access various decentralized network services provided by deeper network, what else it can do and provides? Also, how will your deeper’s decentralized dns (ddns) and deeper’s decentralized cdn (dcdn) work in providing the foundational infrastructure services for web 3.0?

Eric ma (will never pm you):

@chaosma you wanna take this one? He probably had to use the bathroom. So…

Currently, the internet is controlled by so many large conglomerates like google, amazon, etc.

Mary | satoshi club:

Deeper will control it now? 😂 You can take it😀

Chao:

In the final form, nobody can control it. 😂

Mary | satoshi club:

Because you will control your equipment production? 😀

Chao:

Nope, we will open source the software/hardware eventually.  Currently, you can see this is the protection for the early stage.

Mary | satoshi club:

Really? That’s the point, take my words back😉

D| satoshi club:

Deeper is inevitable

Eric ma (will never pm you):

We have a solution to this: Queue chao…. Lol. Did you wash your hands?

https://www.cryptoknowmics.com/news/is-blockchain-really-the-way-forward-for-better-cybersecurity/

Chao:

Yes! Actually, in our roadmap, the second stage is called dweb, it means all kinds of decentralized service including DNS and CDN.

Eric ma (will never pm you):

The answer to that article is yes.

Mary | satoshi club:

Guys, don’t you think that if people will really start to use deeper in some years someone will add your name to this list? 😀

Currently, the internet is controlled by so many large conglomerates like google, amazon…’

Eric ma (will never pm you):

Imagine owning your own domain name. Not google owned or GoDaddy owned?

Chao:

It’s different, the google amazon have centralized server to record the data. We don’t control the data

Eric ma (will never pm you):

We have the solution for that.

Eric ma (will never pm you):

You own it.

Chao:

The blockchain code is already open-sourced.

D| satoshi club:

@chaosma @ericma888 thank you for the answers in part 1! We will open the chat for 2 minutes, after the chat will be closed – you can start select questions from Satoshi Club members! 😇

Eric ma (will never pm you):

@chaosma you choose 5, I choose 5

Chao:

Sure.

Eric ma (will never pm you):

I don’t like to choose dummy questions, FYI. Give me good ones 😉

D| satoshi club:

And…3, 2, 1…🚀

PART 2.Questions about the Deeper Network project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Deeper Network crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @highpee

Currently the 5th generation Deeper Network hardware are of two types: Deeper Connect Mini and Nano. Are there any differences between these two and will there be other versions? How easy will it be to set up these devices? Are there any tutorial guide and can we use both to partake in the Deeper mining program?

Eric Ma (Will never PM you):

Deeper mini specs are better than the specs on the nano. But the price reflects that also.

Mini specs:
ARM Quad-cores
Up to 1.6GHz
DDR4 2GB
USB2.0 Type-A
1Gbps
DC 5V/3A

Nano specs:
ARM Quad-cores
Up to 1.6GHz
DDR4 1GB
USB2.0 Type-A
500Mbps
DC 5V/3A

Q – 2 from a telegram user @ninoska0012

Mining incentives ensure the robustness of the network compared to traditional P2P network models. I understand that each node operator has the ability to be both a client and a server; Do node operators get mining rewards too? How are these rewards distributed? 

Chao:

There are two layers: first layer is the validator nodes, similar to any other blockchain. For the second layer, the light node is the deeper connect device. For this kind of node/device, it will earn DPR tokens when sharing bandwidth and accumulate credit scores. then it can delegate credit scores to validators and earn block rewards accordingly.

Q – 3 from a telegram user @cryptonation2

What are Deeper network targeted customers and audiences for the market? What are your strategies to aware of the non-english community?

Chao:

We are targeting just normal household users. We would imagine every household can have one of our devices. Currently, our devices are sold over many countries, the majority of them are distributed in the US, Europe, China, Singapore, etc.

Q – 4 from a telegram user @NataliyaKil

What kind of warranty do you give for your equipment? How can a buyer issue a return if necessary?

Chao:

Yes, if there is any issue, feel free to return. Currently, there almost no users complaining about our devices, the complaining is about shipping taking a long time, etc. We are working on expand the product line.

Q – 5 from a telegram user @didikpluss

I saw a lot of fake DEEPER telegram groups, not less than 6 telegram groups.
This has proven that the DEEPER project is indeed extraordinary.
How do you socialize with the DEEPER community?

Eric Ma (Will never PM you):

The legitimate Deeper Network group is: https://t.me/DeeperNetwork The community is a place for us to update, connect, and a place to listen. It’s the foundation of our project. Grassroots purchase of our Deeper Connect units starts from the community. We love our community and all that it brings. It’s important for us to educate the community not only on our product but also on how to protect themselves from scams. None of our team will ever reach out to you first. If you come across a scammer, paste their Telegram handle into @notoscam and they will be banished from Telegram forever.

Q – 6 from a telegram user @Johana0012

Decentralized private network is a P2P decentralized bandwidth sharing network to avoid censorship and ensure privacy. How many active nodes do you have and where are they located?

Chao:

Currently, there are almost 10k devices across the world, they are mainly in the US, Europe, and China right now.

Q – 7 from a telegram user @Pratze

A few days ago, there was a problem with Facebook due to 500 million user privacy data leaked online. What is your opinion regarding this problem? Do you think Deeper Network can give and solve all problems regarding privacy?

Eric Ma (Will never PM you):

Yes with our enterprise class security, when you plug and play the system into your network, everything in the network is protected from hackers, malware, trackers and your business and private data leaking out into the internet. The Deeper Connect will keep all your data inside your own network and safe from prying eyes. None of your data will be leaked even when you’re using Facebook, for instance. It’s the best solution for your home, work, and travel network.

Q – 8 from a telegram user @highpee

You are developing your own decentralized VPN to further promote users privacy, but VPNs are already being used by Internet users to mask IP and ensure privacy. So, how is your DPN which built on a blockchain better than a regular VPN? How effective can it be considering that blockchain itself is an open network which naturally is not designed for the private purpose?

Eric Ma (Will never PM you):

Deeper Network decentralized vs centralized

VPN are weak because they have a central point of attack. VPN companies log your ip and info. Decentralized Private Networks does not. DPNs directly connect P2P without revealing your IP info to anyone. It’s a million times better. And no single point of attack will affect the network so it’s always dependable, unlike centralized VPNs. In addition, no monthly fees for DPN! Lifetime DPN.

Q – 9 from a telegram user @esrarengizbtc

Deeper Network makes very important promises about our data privacy, but how will you have next-generation security measures in the face of developing cyber attack methods? Will you need to constantly update your firewall and do you have a dedicated team to do this?

Chao:

Currently, the protection is on the 7 layers of the network stack, for example, it can detect malicious network access and block ads. In the future, as we grow, we definitely will have a dedicated team to do this. But the better one is in the long term, when the network system is open sourced, everybody could contribute to it.

Q -10 from a telegram user @Kushal85127939

Could you please give us an overview of the roadmap? Which events are your think will be most exciting and worth to wait?

Eric Ma (Will never PM you):

DEX listing on Uniswap Apr 10 UTC, CEX listing TBD, Mainnet launch Q3, Deeper Connect Pico product launch (6 generations), Web 3.0 Ecosystem continued development! Partnerships and Collaborations, TBD!

Part 3 – Quiz about project

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

Our contacts for more details: 

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

Our Crypto Partner by this AMA: Deeper Network

Telegram group  | YouTube |  Tweeter  |  Website  | Facebook | Reddit | Instagramm

AMA Satoshi Club x Props Project, April 14th

We are pleased to announce our next AMA on April 14th 2021 at 01:30 PM UTC Time: Satoshi Club x Props Project

⚠️Click to see the hour
⚠️Total Reward pool: $1500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Props Project Telegram group

We will have the following structure:

Part 1: 150$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 150$/15 users – Open chat for 120 seconds. You can post Max 3 questions. Props Project Team will select 15 questions and answer them.

Part 3: 1200$ – A quiz about Props Project

For more details:
Props Project Website – propsproject.com
Props Project Telegram – @propsproject
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

AMA Satoshi Club x disBalancer, April 13th

We are pleased to announce our next AMA on April 13th 2021 at 03:00 PM UTC Time: Satoshi Club x disBalancer

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

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

We will have the following structure:

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

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

Part 3: 300$ – A quiz about disBalancer

For more details:
disBalancer Website – disbalancer.com
disBalancer Telegram – @disbalancer_group
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

AMA Satoshi Club x LOC Game, April 13th

We are pleased to announce our next AMA on April 13th 2021 at 01:00 PM UTC Time: Satoshi Club x LOC Game

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join LOC Game Telegram group

We will have the following structure:

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

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

Part 3: 300$ – A quiz about LOC Game

For more details:
LOC Game Website – locgame.io
LOC Game Telegram – @locgame_io
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Bore Token x Satoshi Club AMA Recap from 7th of April

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 Bore Token and our guest  were @Kn129 and @rapid_rapawr. The AMA took place on 7 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 Bore Token! Welcome to Satoshi Club😀

D. | Satoshi Club: our guests today – @Kn129 and @rapid_rapawr from BNBvault.finance ! good to have you here guys!

Genie: Hi D. thank you for having us we are happy to be here!

Hi Mary!

Mary | Satoshi Club: Welcome here 😀

BscGeek: Hey everyone its great to be here today with you all 😊

lets do this !

Mary | Satoshi Club: Hello!

Let’s start our party 🎉

D. | Satoshi Club: let’s start! 🥳

Mary | Satoshi Club: Guys, could you please introduce yourself and tell us more about Bore Token 😀

BscGeek: Yes lets us hear it !

Mary | Satoshi Club: 🚀🚀🚀🚀🚀🚀🚀

D. | Satoshi Club: [ 😑 Sticker ]

Genie: Sure, thing so me and Knad have been in this industry for over 4 years now. And if you understand economics you would atleast have some idea how Blockchain is about to effect the whole economic system of the world. In any case last year as well as this year has been a really good one for both of us. So, last year around September I believe I came across CORE vault it was a very unique concept. I participated in it and it was my first token I did a 100x on. The more I understood it the more I Realized what a genius concept it  was— (beauty of smart contract which allows creativity)— anyways one flaw that I did notice and it was not a flaw of the CORE contract it is of etherium was high fees. So when BSC came out i decided to release that contract on bnb as BORE. I understand that BSC is centralized but in exchange for that flaw it provides very little transaction fees. Which benefits users. So we are very excited to see how this will play out for everyone!!!

Mary | Satoshi Club: Yes, it has sense👍

D. | Satoshi Club: so you decided to make a fork of CORE on BSC?

Genie: Correct. The fees are near nill on BSC.

Mary | Satoshi Club: Did it take your long time to start Bore Token project?

Genie: Yes, Core is actually a fairly complex code I have 1 main back end developer along with another back end developer that helps out. Along with 1 UI guy me and Knad. That are part of the team. We have a lot of plans that for this project some which we cant announce right now. But all the token holders and LP holders will be happy and we are very excited!

BscGeek: The team and the devs have worked extremely hard on it for the last 2 months and we have left no stones unturned when it comes to preparation. We are extremely excited about this

Mary | Satoshi Club: If you have announcement you should definitely share it with us👏

Genie: We will!!!! I really hope we can keep working with you guys!

And we can use this channel to make the announcement we cant make it just now as there are few developmental things going on and I dont want to announce anything that is currently in complete.

Mary | Satoshi Club: Understand 😀Thanks for your intro, guys! Are you ready for the questions from our community?

Genie: 100%

Bring it

Q1 from Telegram user @Highpee

Your first project CORE was launched in September on the Ethereum chain and it has been deemed to be largely successful. However, you have now decided to clone this project and create BORE as a fork of CORE. Why do you think a fork of CORE is necessary and what do you intend to achieve with BORE? What are the limitations that are found in CORE which you will improving on with BORE and in what way will BORE operate differently?

D. | Satoshi Club: so as we already understand, it’s all about fees? this is why you decided to make a fork. or there is something else? what motivates you?

BscGeek: We are not associated with Core, We are a fork of core but the team is completely different. Some of the biggest things we want to achieve is make it easy for users to trade/stake, No one wants to pay $40 to stake on uniswap and with incorporating bore on BSC I feel this problem would be resolved. A lot of projects are incorporating from Uniswap to Binance smart chain and that’s why we wanted to bring this to BSC

Genie: So  let me clarify a misconception in that question. WE ARE NOT CORE. BORE has its on team of developers marketing team etc. We did take there concept, which I personally loved and decided to go on bore. Mostly because the fees on bsc are so low. If you transact core on etherium you will pay about 45 dollars in transcation fees give or take, where as in BORE you will pay what 3 cents on BSC. Dont get me wrong iam a huge propnant of Etherium for several reasons —but thats a topic for another day. So this basically boils down to the fees structure and transactional fees (which I explained). As for fees structure CORE is 1.1 percent we are 2.2 percent 2 percent goes to lp holders and .2 percent goes to development team.

Mary | Satoshi Club: Will you follow the path of Core development in the future? Or you will develop your own initiatives?

Genie: No, although we have started from the same place in terms of code. Our directions will be completely different. Atleast in terms of what we have planned for the near future. There will be announcements of these in the coming weeks.

Mary | Satoshi Club: Gotcha! Thank you!

Ready to proceed?

Genie: YEs!

D. | Satoshi Club: let’s goooo

Genie: Always

Q2 from Telegram user @lukacy

Can you tell us about the token tokenomics? How will the value of the token being determined? You talked about the price floor – a point below which price cannot drop. How would you maintain it?

Genie: Yes, so the way this works is we will always ever have only 10,000 tokens. The advatage of lGE these 10,000 token are given for free to bnb contributors, but inside an LP pair which cannot be unlocked  for the underlying asset. IF you were to create an lp after the lge you will have to pay for BNB and BORE to create lp and then stake it. So as trading begins more BNB gets locked in as Bore comes out into traders wallets raising the price floor in the process. And the benefit of this goes to lp holders who staked on our platform in the form of 2 percent transactional fees.

D. | Satoshi Club: for people who not familiar with CORE project – are you using the same token model? with the similar token supply as i understand?

Genie: Exactly same except for transactinal fees model.

D. | Satoshi Club: got it! thank you for the answer! let’s move onto the next question?

Genie: Sure

Q3 from Telegram user @yiselen

To encourage real value and TVL to flow into BORE, BORE smart contracts employ exchangeable strategies that store coins within groups. This gives a great incentive to anyone who wants to farm BORE with coins other than BORE / BNB LP. What are the main functions that I must fulfill to be a bearer of BARE TOKEN benefits?

Genie: So we are working on an arbitrage bot as well that can use the LP tokens wraps them and creates value by evening out different assests being traded at different exchanges at different prices and using the profits to increacse the APY of lp holerss. This is a little more complex then anticipated. Due to our token being on BSC and most real assests being on etherium. But there are some major assets on BSC as well. We are working on this and will have an announcement about this.

Mary | Satoshi Club: Gotcha! We will wait for the announcement!

Also, can you tell us where we can get Bore tokens now?

Genie: At this point you can only get LPS. BORE will be availaible once we list on pan cake swap. PLease visit our website bnbvault.finance for timer

Mary | Satoshi Club: Don’t see it😂

I see only coming soon

BscGeek: The LGE is live on our website . Anyone that wants can participate here https://bnbvault.finance (https://bnbvault.finance/)

Genie: You will have to connect with you metamask on  bsc. And the timer is going on with the lge evernt

D. | Satoshi Club: 👌

Mary | Satoshi Club: Gotcha! Thanks!

BscGeek: You have to click on the LGE tab

Mary | Satoshi Club: Will try to connect after AMA😉

Ready to go to the next question? Or you want to add something?

Genie: Lets keep em coming

BscGeek: I think we are good. Lets proceed

Q4 from Telegram user @MaxiVV

I saw that you’re a very young project, even you created your twitter account on March 2021. While i was researching your page i realized there is not whitepaper, partners list, information about the BORE team. I worried a little about this because if we don’t have the enough information how can we trust our money to you? Could you share information about the points mentioned before with us? Please

D. | Satoshi Club: and we can ask here about roadmap as well, people love to know about future plans of project. do you have plans to publish roadmap?

Genie: Sure so we have been underdevelopment for a while now. We just engaged our marketing channels recently. Our concept is pretty simple and if you read through out medium article all the pertinent information is availaible there. Trust is only earned we havd delievered everything we promised and we intend to keep it that way. We are not in it for money more than the love of blockchain technology. If you don’t trust us its fine we would hate for you to be not part of our project. But that is not under our control, rest assured whatever is under our control we will deliever it 100 percent.

D. | Satoshi Club: 👍

Genie: As for future roadmaps these will be announced in our media channels. Please see them We dont want to announce anything that is not complete. That is my  personal prefernce. And i intend to keep it that way.

Mary | Satoshi Club: Gotcha! But may be you have approximate dates when you plan to publish it?

Genie: I will say we will have a big announcement for our contributors in the next 2 weeks

D. | Satoshi Club: yeah, i support your point. even some big projects don’t have a public roadmap, because things changing so fast in crypto

BscGeek: Exactly !

Genie: I think its not cool to say we will deliever this and that. I think its better when you deliever it and let the people know.

D. | Satoshi Club: agreed! 👍

Mary | Satoshi Club: Wise words!😀

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

Genie: Ready

Q5 from Telegram user @Antoni_azx

There’s a feature on your website named “The Beaty Zone” however when I click it doesn’t open any link or action, what is it and what is it for?

Genie: This a purely cosmetic thing. Like solitaire and Minesweeper. I decided to place that there. THere is nothing to it

May be ill remove it

Mary | Satoshi Club: You care about beauty 😜

D. | Satoshi Club: and Paint😄

BscGeek: haha

Genie: Or perhaps put a quote there saying “you are beautiful” when you click on it hmmm

D. | Satoshi Club: nice idea!

Mary | Satoshi Club: Ahaha, cool😂

Genie: lol

Mary | Satoshi Club: I will visit your site every day🤣

Genie: Lol……

Mary | Satoshi Club: And just one 6th and last question left from this part 😀 ready for it?

Genie: Ill do it just for you

after the launch

lets go

Mary | Satoshi Club: Thank you 😂

Q6 from Telegram user @MihaiPisica

I saw in your TG Channel an announcement about your project being audited by RUG DETECTIVES. Can you relate us to what will focus your main task audition process? Are there possible some private user data leaks, delays in data delivery, or some other issues you should figure out and we must stay attentive? And when it will be finished and revealed? What about other more audition campaigns from 3rd parties and when are they planed? Or it will be just one by this time?

BscGeek: haha we knew this would come up, sure we will be glad to clarify !

D. | Satoshi Club: audits are important mmmkaay 😁

Genie: So we had a falling out from rug detectives, per them the everything in the code was completed and good except for a critical error. Just so you know iam involved in other projects as well and i have about 10 developers that work under me . ANy ways so I asked  my developer about the thing that was critical according to him its not critical at all. Its just a different way of calling the fucntion. I verified that independently with one of my other developers and he basically laughed at the report. So i cloned my whole project ran the sale event and ran all the transactions to verify everything was secure. And it was. When i pointed all this out to the auditor. HE hinted towards paying him more money and at this point I knew what was going on and and told him we are done. One second ill send the report here

BscGeek: Yes abosultely thats why we decided to get one

Genie:

We verified the contract using following.

My devs verified using the following

Tools

Sol-profiler – Gas profiling

Oyente – Finding common vulnerabilities

Slither – Solidity static analyzer

Securify – Solidity static analyzer

Solhint – Enforce consistent conventions and avoid errors

Ethlint – Style & security issues

Mary | Satoshi Club: do you plan another audit? May be you will find another audit firm which will make everything honest?

Genie: The reason why this is not a critical issue:

Firstly the code is of an OpenZepplin library named SafeERC20, to which I must say OpenZepplin codes are thoroughly audited and globally used as a standard for writing smart contracts.

Secondly coming to the logical implementation of the function, it is making a low-level safe call which is nowhere utilised inside the contract.

Thirdly re-entrancy is mostly for handling Ethjer transfers, but the vulnerability that is being pointed out is inside a library for token transfer.

Finally, kindly go through this link explaining the whole functionality and its verifiability.

https://solidity-by-example.org/sending-ether/

BscGeek: Core has the same function in their code which he mentioned as critical

Genie: My devs response

Mary | Satoshi Club: Lol, did you tell them?

BscGeek: Our github is also on our website so anyone can review the code

Genie: We are confident at this point we are good as we are exact clone of core and everything is good with them

BscGeek: Our devs laughed, we were done entertaining him and decided to release this report anyways

Mary | Satoshi Club: Gotcha!

Genie: No, its really not our business

Mary | Satoshi Club: Understand! Thank you for your answers!

Genie: Sure thing

Mary | Satoshi Club: And storm of live questions incoming, can you feel its breath?😀

Genie: lol

bring it

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Karoech

 I see many pool options for farming BORE tokens. Have you considered the effect of inflation with the increase in BORE supply? How do you keep the inflation rate steady?

Genie: Our supply will never increacse above 10k coins

Q2 from Telegram user @cryptofollower

I think there is something is really unique on tokenomics of BORE. There are only 10.000 tokens and the team does not hold any tokens. So can we say the community will own the BORE token? Why did you choose this idea to allocate no tokens for the team? And what benefits will this bring for BORE?

Genie: Would you rather us hold tokens and dump on our community. I think not, we are in it for long term viability and the tech.

Q3 from Telegram user @KhaleesiTheCryptoLady

How much APR if we stake in BORE? Do you have also plan to offer liquidity mining?

Genie: This is not under our control purely determined by transactional volume.

Q4 from Telegram user @topind7

I just knew about this project today and already in love with it, how do I understand to the core what Bore token is all about and how I can benefit as a long term investor?

Genie: Again, please read our medium article for details on the mechanics of the token. We love you and are glad for the kind words!!

Q5 from Telegram user @jayzfreakshow

As I know a strong community is very important for every project. Do you plan to be a local or global project? What strategy will be used to expand the community?

BscGeek: We are trying to reach out to as far of an audience as possible. We get AMA requests everyday from communties all over the world and the response from all communtites has been humbling and overwheling. We will try to get as many communities involved in this project. We are in talks with some japenese and vietnamese channels regarding bringing our project to them. As soon as something is finalized you will hear it from us first !

Q6 from Telegram user @smelekin

You said the beauty of smart contract allows creativity but the same smart contract allows exploits if there is a bug. So how can you make sure the smart contract of Bore won’t have any bugs?

Genie: We have already deployed a clone of this contract to make sure everything is working properly. And there are not vulnerability. This was tested using following. Sol-profiler – Gas profiling

Oyente – Finding common vulnerabilities

Slither – Solidity static analyzer

Securify – Solidity static analyzer

Solhint – Enforce consistent conventions and avoid errors

Ethlint – Style & security issues

Q7 from Telegram user @cryptoneco

How much revenue does BNBVault Finance generate to be an attractive investment tool? What is your strategy to generate revenue for your users? How does the user investing in your platform make sure they have a legitimate ROI?

Genie: Again, purely depends on transactional volume atleast in the initial stages.

Q8 from Telegram user @pratze

My opinion, if a project wants to grow big and spread fast to world, then they need partner assistance to achieve that. but I don’t see list of partners from BORE tokens in your site, can you describe who are the partners of BORE token and what has been achieved from that partnership?

Genie: We dont want  to seek out partners.But if something happens serendiptuously definetly open to it.

Q9 from Telegram user @Ratash99

Can you explain the process of farming  BORE with coins other than BORE/BNB LP and what are these coins ?

Genie: Doesnt work that way.

Q10  from Telegram user @doithay1617

Community is an important factor in the success of any project!How many communities does Bore have ?What are there any plans to develop Bore to global ?

Genie: We have a marketing team working on this front. And they have done a great job.

Q11 from Telegram user @Yiselen

BORE is a fork of the core of a non-inflationary cryptocurrency that is designed to autonomously execute profit-generating strategies with a completely decentralized approach. What are the security methods implemented by BORE for the care of the data and assets of the users who hold the token? @Kn129 @rapid_rapawr

BscGeek: There will be a price floor created meaning price can never fall below. The price will be determined once the LGE ends depending on the amount of BNB raised during LGE. LP token holders that buy LP token will have bought it at the cheapest price possible. The price floor will be an incentive to make people feel secure

Q12 from Telegram user @atillayeni

Why did you just fork from CORE for this project? Why didn’t you just build a bridge for BSC for CORE? What is the reason for creating BORE project?

Genie:

Please read ama for answer to this question.

Part 3 – Quiz Results

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

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

English Telegram group: https://t.me/Satoshi_club/

Russian Telegram group: https://t.me/satoshi_club_ru/

Spanish Telegram group: https://t.me/satoshi_club_spanish/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/BOREvault/

Twitter: https://twitter.com/BoreToken/