Satoshi Club

PART 1. Introduction of BasketCoin project and community questions.

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

BasketCoin the first deflationary token secured with a basket of cryptocurrencies with the possibility of staking and management.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Gold Rocket | Satoshi Club – @GoldRocket27 

Andrés M. | Satoshi Club – @AndresM77

The Representative of the project:

Marcin | BasketCoin.io – @Kryptoboom83

Introduction of BasketCoin project.

Andrés m. | satoshi club:

Welcome to the last ama session from today. Basketcoin project is here 😃

Marcin | basketcoin.io:

Welcome everyone. Thanks for having me on

Andrés m. | satoshi club:

How is going your day? It’s an honor for us to have you here

Marcin | basketcoin.io:

I’m having great day today.  As always 🙂

Andrés m. | satoshi club:

Great my friend, I’m happy to know that😁

To begin the ama, could you give us a short introduction about you and Basketcoin project?

Gold rocket | satoshi club:

Hello and welcome to satoshi club, @kryptoboom83 !😀🏀 we are very glad to conduct ama with basketcoin!

Let’s start! Introduce yourself.  How did you get to be involved in crypto & Basketcoin?🏀

Marcin | basketcoin.io:

BSKT is a token designed in the Ethereum ecosystem (erc20) and its basic characteristics can be briefly presented using the following wording:

• deflationary,
• with the system of repurchase and burning of tokens,
• with collateral – covering its value,
• with options for staking,
• with fair, transparent and well-constructed tokenomics,
• with the subsequent implementation of management tokens.💪

We do have prima April day, but BSKT is not a joke at all👌

Marcin | basketcoin.io:

I’m in crypto since 2016. Started with a cryptocurrency mining farm. Then I started thinking about starting a new project. Caple years later and we have Basketcoin  🛒🛒🛒

Andrés m. | satoshi club:

Why did you choose to create a deflationary token?

Marcin | basketcoin.io:

There are not many deflationary tokens on the market, most of the coins are inflationary and I wanted to create something new -> overall supply will be decreasing over time and it shall provide more value to deflationary tokens 👌

Andrés m. | satoshi club:

I agree with that idea. So, before to go with our first question, could you explain to us how did you choose the name of the token? Why basket?

Marcin | basketcoin.io:

That’s a great question, thank you. Basketcoin just because our token consists of Basket of 7 cryptocurrencies which cover its value 💪

Andrés m. | satoshi club:

Wow, which cryptos?

Gold rocket | satoshi club:

This is a forward-thinking decision! 👍

Marcin | basketcoin.io:

The BSKT token security basket looks like that:

Bitcoin (BTC) – responsible for 25% of the value of the coverage, 

Ethereum (eth) – responsible for 25% of the coverage value, 

Polkadot (dot) – responsible for 10% of the coverage value,

Smarkey (SKEY) – responsible for 10% of the coverage value,

yfdai.finance (yf-dai) – responsible for 10% of the coverage value,

Usd coin (USDC) – responsible for 10% of the coverage value,

Basketcoin (BSKT) – responsible for 10% of the coverage value.

🛒🛒🛒🛒🛒🛒🛒

Andrés m. | satoshi club:

Is posible to add more coins to the basket in the near future?

Gold rocket | satoshi club:

A very interesting concept😊

Marcin | basketcoin.io:

We will add governance token in near future and  those with a management token will decide on the creation of another basket of cryptocurrencies, and if one were to be created – also on the selection of cryptocurrencies included in it with their percentage allocation 😊 decentalization is the key 👀

Andrés m. | satoshi club:

Amazing 😁, after of that incredible introduction, are you ready to know our first question?

Marcin | basketcoin.io:

Yes. Sure. We respect the voice of our community 💪💪💪

Preselected questions about the BasketCoin DeFi project.

Andrés m. | satoshi club:

That’s the key to success I think 👏

Q1 from telegram user @rioliandaro

I understand that Basketcoin’s goal is to have a fixed number of coins so there is no risk of (hyper) inflation.

What I want to know is, is it technically possible for a cryptocurrency to have a fixed target inflation rate?

For example, the European central bank has an inflation target of 2% (in my opinion) which is expected to both stimulate growth while avoiding excessive inflation.

So I guess my question boils down to:

Why are all popular cryptocurrencies deflating?

Is it an unsolvable technical problem or is there some other reason why it’s designed this way?

Gold rocket | satoshi club:

And it is right! Community is the blood of the project! A strong community is what drives you to success🚀

Marcin | basketcoin.io:

There is not such a word “inflation” in our dictionary💪 we are not setting deflation on a particular level, it all depends on many things, but there you have a summary:

In order to achieve deflation, the initial supply of BSKT tokens has been set at 21 million (21,000,000) and the final supply will be 10% of that value – 2.1 million (2,100,000).

In the case of deflationary cryptocurrencies, the constitutional assumption is to gradually reduce the existing number of available tokens by eliminating them from the market in a process that is generally called burning.

The token elimination process can be achieved through the following actions:

* burning a certain percentage of available tokens, each transaction made using BSKT is subject to a fee of 2% of its value (1% is burned out, the next one goes to the stacking platform).

* buy-backs of tokens and then burning them, the company will allocate a large part of the profits from staking cryptocurrencies covering the value of the BSKT token for repurchase and burning.

*removal of tokens from circulation through staking, attractive staking rewards for investors who have placed at least 10,000 BSKT on a special staking platform.

Marcin | basketcoin.io:

Yes, we are on the same page 🚀 community is the key 🚀🚀

Gold rocket | satoshi club:

Sounds a little complicated, but very tempting nonetheless! 👍 Thanks for the answer! Want to add something or are you ready for the next question?

Marcin | basketcoin.io:

It may sound complicated just at the beginning but it’s really simple.

Ready 🚀

Andrés m. | satoshi club:

Q2 from telegram user @neverencryp

I tracked the contract address and I know you have a total of 393 holders, I would like to know how the gas fees are not affecting them or maybe you have a plan of waiting for optimism (the Ethereum 2 channel) for we that cannot cover the gas fees. Or maybe there is another way to hold $BSKT token.

Marcin | basketcoin.io:

We do have another 160 ppl with the biggest bags, but it is not shown on etherscan, because they delegated BSKT tokens on our staking platform.💪 we do know that fees are very high, but right now we must wait for Vitalik to do the right job 😂

Andrés m. | satoshi club:

How are you dealing with high fees?

Marcin | basketcoin.io:

We can only wait for cheaper gas fees. We can’t really do anything about it 👍

Andrés m. | satoshi club:

Completely agree. Ready for the next question? 😃

Marcin | basketcoin.io:

Yes 🚀

Andrés m. | satoshi club:

Q3 from telegram user @kosku21

You mention that NFT s is an exclusive gift for investors, what will be the benefit and purpose of these? And what type of investors will be selected to receive these NFT s?

Marcin | basketcoin.io:

NFT s won’t be gifts, we will launch the possibility of buying them on the NFT  marketplace. We are currently working on developing them, and sadly we are not able to bring any sneak peaks about it. We will provide more information about it in q2 or q3, it will be a surprise for our community 💪

Andrés m. | satoshi club:

We will be expecting for that

Gold rocket | satoshi club:

Don’t forget to share with satoshi clubbers😉

Marcin | basketcoin.io:

For sure we will💪

Gold rocket | satoshi club:

By the way, share your roadmap. Please.

Marcin | basketcoin.io:

BasketCoin roadmap

Gold rocket | satoshi club:

Thanks a lot! Ready for the next question? 😊

Marcin | basketcoin.io:

Yeah 🙂

Andrés m. | satoshi club:

Q4 from telegram username @highpee

You have planned NFT   development and implementation for q2/2021 and I have read that $BSKT can serve as NFT   and DeFi token. How is that made possible considering that fungible and non-fungible technology are not exactly the same? In addition, you are also going to have some non-convertible NFT   tokens which will be reserved for an exclusive treat for investors. What makes them non-convertible and how will these NFT’s tokens be issued to investors? What type of investors will be able to benefit from these NFT’s and what privilege does having such exclusive NFT’s grant them?

Marcin | basketcoin.io:

Our NFT will be launched on another platform – the NFT marketplace, not on our own. You will be able to buy them on one of these marketplaces. We can’t talk much about incoming NFT, because it will highly integrate with our project and we don’t want to spoil great news for our community too soon. I hope you can understand the lack of details provided now, I can only tell NFT s will be connected with governance tokens. 🛒🛒🛒

Andrés m. | satoshi club:

We understand, but maybe you can give us an easter egg about what’s coming 😁

Marcin | basketcoin.io:

Well, we already did – NFT s connected with governance tokens. But all right, just for you guys – there will be more than 1 kind of NFT  token and we are currently preparing them, but shhhhh 🙊🙊🙊

Gold rocket | satoshi club:

🤫🤫🤫

Andrés m. | satoshi club:

Of course, 🤫, thank you so much for your confidence

Gold rocket | satoshi club:

Thanks for the answers! Are you ready to proceed to the next question? 😊

Marcin | basketcoin.io:

Indeed, I ‘am 😃

Andrés m. | satoshi club:

Q5 from telegram username @victorogb

Another area of unique development for the team is making BSKT also a governance token with plans to make it’s functionality and distribution equitable to this model. How will BasketCoin determine the specific responsibilities of those saddled with various management functions, especially as the community continues to grow and adoption increases? How will token allocation, staking, and investment play a crucial role in this?

Marcin | basketcoin.io:

Any management token holder will be able to object to or support any development changes proposed by the community. In addition, it will be possible to submit its own proposals providing for further concepts and ideas for the development of the project, and then to put these concepts to the vote of the community. Each management token will match one voice, which means that when you have more than one management token in your possession, you will have a real greater impact on the project. The management protocol will help us all to achieve the true potential of BasketCoin and will become the first step towards real decentralization. We would like to point out that, in fact, the possibilities of using the management token are endless, and the possibility of configuration and cryptocurrency basket mentioned above is just one of its future applications 💪💪💪

We can’t really tell the details yet about how will this gov token be distributed, but our community will have enough time to prepare until implementation 👌👌

Gold rocket | satoshi club:

Thanks for the clarification! Do you want to add something or are you ready for the last question of this part? 😊

Marcin | basketcoin.io:

That’s about covers it, at least for now. I am ready!

Andrés m. | satoshi club:

Q6 from telegram username @dudeiebitch

I would like to know the minimum amount to stake when staking with the procedure of staking and the APY when I stake? Most especially is the procedure of staking.

Marcin | basketcoin.io:

The minimum amount is 10000bskt, and we can’t really tell APY because it depends on many factors and it’s not fixed👌

Andrés m. | satoshi club:

Marcin, thank you so much for your answers in this first part of the ama, would you like to give us some extra details about the project? Maybe some useful links to check

Marcin | basketcoin.io:

✅the only official domains are:

  🇬🇧    basketcoin.io

  🇵🇱    basketcoin.pl

✅ official telegram channels are:  

  🇬🇧    t.me/bskt_global

  🇵🇱    t.me/bskt_polska

✅ official twitter

Tweets by Basketcoin_BSKT

✅ official medium

https://basketcoin.medium.com

✅ official Facebook

https://www.facebook.com/bsktglobal

✅ official Reddit

https://www.reddit.com/r/basketcoin/

✅ official GitHub

https://github.com/basketcoinbskt

✅ official linkedin

https://www.linkedin.com/company/basket-coin

✅check the address of the contract on official channels✅

❌beware of groups masquerading as BasketCoin, take extra care❌

❌using groups other than those listed on the website will result in loss of funds ❌

USE ONLY ORIGINAL LINK’s

Beware of SCAMMERS

Gold rocket | satoshi club:

Satoshi clubbers! Pay attention!👍

Andrés m. | satoshi club:

Satoshi clubbers, let’s join

Marcin | basketcoin.io:

You’re most welcome. Go on 🚀🚀

PART 2.Questions about the BasketCoin 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 BasketCoin 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 @surendra040

Any plan to go public from anonymous by your team in the future?

Marcin | BasketCoin.io:

We are now public. please go to basketcoin.io and have a look on our team section 😎

Q – 2 from a telegram user @cryptofollower

The BSKT token chart contains Bitcoin, Ethereum, Polkadot, Smarkey, YF-DAI, USD Coin, and Basketcoin (BSKT). I understand the first 5, but what is the reason for including USDC and BSKT into the basket of BSKT token? 

Marcin | BasketCoin.io:

We have USDC in our basket because we believe that a stable coin is essential in every portfolio. BSKT because of its potential and we strongly believe our token will grow in value over time 🚀🚀

Q – 3 from a telegram user @neverencryp

Congratulation on your public sale, I will like to know how much was gathered during your public sale (new)?

Marcin | BasketCoin.io:

we have raised more than 600 ETH for now (over one million $$$ ). Sale will only last till 6.PM on sunday 4 April

Q – 4 from a telegram user @Indomiekuy

I read from your telegram that BasketCoin have burn and buyback system that different than other project, could u please explain to us how do your burn and buyback system work in BasketCoin platform? What makes it special?

Marcin | BasketCoin.io:

At the end of the sale for the funds raised (excluding 116.66 ETH, which will be used to launch the Uniswap liquidity pool and excluding the marketing part) the cryptocurrency will be purchased in the BSKT basket in the proportions stated in the project assumptions, i.e. the amount of the BSKT basket: BTC 25%, ETH 25%, SKEY 10%, YF-DAI 10%, DOT 10%, USDC 10% and BSKT alone 10%. All listed cryptocurrencies that make up the BSKT basket will be used to generate additional profits on platforms such as:
• crypto com
• YF-DAI
• Swissborg
• and other decentralized profit-generating platforms in DeFi format.
•
Revenues from these platforms will be used in the repurchase process for the redemption and burning of BSKT tokens, contributing to a significant reduction in supply on the secondary market. 90% of the above profits will be used for repurchase and burnout, while the remaining 10% will be used for ongoing and necessary expenses related to the running of the project. The described process will extremely accelerate the deflation of BasketCoin, which was already mentioned is excellent news for all Investors, because in its assumptions it raises the price of the BSKT token while limiting the amount of tokens available for sale.

Q – 5 from a telegram user @piratrabarbar

Do you plan to make a bridge or swap to BSC with the current project or maybe evolve to other cheaper chains? Fees on ETH kills market?

Marcin | BasketCoin.io:

We are thinking highly about this. You will be amazed what we planning in near future.

Q – 6 from a telegram user @alptrader

Let’s assume one of the tokens on the basket has been hacked and its value has gone to zero. will it be possible to change that token with another one? Do you have any token change mechanism?

Marcin | BasketCoin.io:

We have chosen cryptocurriencies which are already settled on the market, stable coins and coins with huge potential. The risk of hacking these particular coins is minimal but if this happens the community will decide to replace any coin by using governance tokens in the near future🤙

Q – 7 from a telegram user @Deleted

Copy from another question

Marcin | BasketCoin.io:

Basketcoin token is designed to secure your investment in such circumstances. During the bull market, its value will grow and in the bear market, stable coin in the basket, deflation, burns, and buy-backs will keep the price on a high level or even push the price up when all the rest is bleeding.

Q – 8 from a telegram user @alice_wonderland12

The final supply of BSKT will be only 10% of the initial supply, as a strategy to produce deflation. Once this strategy is out because the final supply is reached, what will be the impact on the price of the coin, will the deflation still be possible and sustainable? What mechanisms will be developed once that happens to guarantee it? In how long is the final supply going to be reached?

Marcin | BasketCoin.io:

By that time we will already have governance tokens so our community will decide what to do later on. What we can tell you know – when the supply reaches 2 100 000 the BSKT token will stop burning out. We can’t really estimate how long will it take, because of many factors such as the numbers of transactions and bay-backs system provided by the company.

Q – 9 from a telegram user @Korryl

How do I possible to purchase BasketCoin token and make an investment there? are there any presale and public sales for your token? please explain it thanks

Marcin | BasketCoin.io:

You can check it out on our medium

https://basketcoin.medium.com/how-to-buy-add-basketcoin-to-your-metamask-account-4b3949691f41

Q -10 from a telegram user @csgonub

Are there any ways of bringing back the BasketCoin tokens from which are sent to the “eater address” that you call it?

Marcin | BasketCoin.io:

Token once burned is not reclaimable and it’s gone forever.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the BasketCoin 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: BasketCoin

Telegram group  | YouTube |  Tweeter  |  Website  |  Medium  | Facebook | Reddit | GitHub 

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from GAMEE.

GAMEE is an entertainment platform that recognizes and rewards players’ effort, skill and loyalty. The AMA took place on April 2 and our guests were Miroslav Chmelka and Bozena Rezab, CTO and CEO of the project respectively.

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.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with GAMEE! Welcome to Satoshi Club.

D. | Satoshi Club: Today our guest – @miroslav_chmelka and @bozena_rezab! hello! good to have you here!

Miroslav Chmelka: Hello, thank you for having us.

Bozena Rezab: Hi everyone!

Mary | Satoshi Club: Let’s start with intro! Please, introduce yourself and tell us more about GAMEE! Also, we would be happy if you will share your latest news with our community.

Bozena Rezab: Sure! My name is Bozena Rezab, I am CEO of GAMEE, we have built a global gaming community of 25M registered players, our brand was selected among 100 Most Disruptive Brands by Marketing Week. Last year, we joined Animoca Brands family. I am excited about building consumer tech and entertainment products.

Mary | Satoshi Club: Wow, awesome numbers! How old is GAMEE?

Bozena Rezab: About 5 years! GAMEE is an entertainment platform that recognizes and rewards players’ effort, skill and loyalty.  And today, we had our first public pre-sale of GAMEE Token.

Miroslav Chmelka: My name is Miroslav Chmelka, I am co-founder and CTO of GAMEE. I have been in the tech industry for more than 15 years. Prior to Gamee I co-founded software development company Cleevio that has created over 100 software projects all over the world for companies like McDonalds, O2, Volkswagen or Coca-Cola and incubated several startups.

Mary | Satoshi Club: Unbelievable experience!

D. | Satoshi Club: We know you have big news.

Bozena Rezab: Right? Our first pre-sale sold out in minutes! Actually very fast, it was within minutes and all vouchers were gone. there are now traded on opensea https://opensea.io/assets/gameevouchers .

D. | Satoshi Club: And now people only can buy them on opensea?

Bozena Rezab: Yes exactly, there are now traded on opensea https://opensea.io/assets/gameevouchers

Q1 from Telegram user @AmirJosh

 Last year GAMEE project started the Play to Win path with GAMEE Prizes, and according to your medium article your platform successfully distributed over $3.5M in cash prizes. Why do your team decided to run the GAMEE token sale with the success your gaming platform already achieved? Why Gamee needs this tokensale event to be a successful one when the project is already booming?

Bozena Rezab: We see taking GAMEE to blockchain as a great opportunity to build on top what we already have – community, games, prizes… with our own token, we will be able to double-down on play to earn and also, we are preparing set of NFTs, that will be game characters, owners can take form one game to another. This is very exciting, innovative and motivates us to keep creating, building.

Mary | Satoshi Club: That’s true! When do you plan to launch your set of NFTs?

Miroslav Chmelka: We are releasing our token first, that is our main focus now. We will share more information about our NFTs later. We can show you a little sneak peek that hasn’t been shared before.

Mary | Satoshi Club: Sure!

Q2 from Telegram user @Pratze

There is new announcement regarding GAMEE doing collaboration with Animoca Brands, so what is the result from this partnership? What benefit that both project got?

Bozena Rezab: GAMEE is part of Animoca Brands family since 2020, we are happy to collaborate with and learn from other project and companies within the group.

Mary | Satoshi Club: So, you also collaborate with another projects from the group? Can you tell us their names?

D. | Satoshi Club: if I’m not mistaken Animoca Brands recently launched MotoGP NFTs as well?

Miroslav Chmelka: For example, during today’s presale it was possible to buy gamee token only for animoca tokens – sand, revv, tower and lym.

D. | Satoshi Club: yep, I noticed that, so in the future sales you also will be use Animoca tokens?

Bozena Rezab: In future, we may collaborate again, but this is not exclusive that we will only sell for Animoca tokens.

Q3 from Telegram user @NataliyaKil

The Gamee app is probably one of thousands of similar apps that offer us to make real money playing games. All of these applications use the PayPal payment system. And it confuses me. None of the applications contain instructions on how to correctly withdraw the earned money through this system. And the earned rewards very often do not reach the recipient, because users make withdrawal errors. So maybe you have an instruction if you are really interested in attracting users to your ecosystem and are ready to give them the opportunity to earn money?

Bozena Rezab: Interesting:) on the current GAMEE, we use cash and withdraw with Paypal. However, with our second generation of GAMEE (which is the core of token utility), the earned prizes will be withdrawn to a blockchain wallet, so a completely different system. Anyway, if people are confused about current Gamee and how to win the cash prizes, we have medium article to support them: https://gamee.medium.com/gamee-prizes-faq-maximize-your-winnings-fa0f93d402d5 .

Mary | Satoshi Club: But Paypal will be also available? Or only blockchain withdrawals?

Miroslav Chmelka: In the new app there will be just blockchain withdrawals. Paypal will stay in current gamee app.

Q4 from Telegram user @JoanaZ

The GAMEE token is an ERC-20 token, so can we know how do you manage the huge transactions fees of the Ethereum network? Considering that is used to pay fees to Gaming tournaments?

Miroslav Chmelka: We have decided to use Ethereum due to the largest ecosystem around it – users, wallets, marketplaces. We are aware of current high gas fees on Ethereum. We will offer to our players “gamee pay” solution when you can purchase more tournament entries in one transaction plus we will be announcing partnership that will help us with scaling soon.

Mary | Satoshi Club: Is it possible that you will add different blockchains support?

D. | Satoshi Club: do you planning to launch your token on BSC as well?

Bozena Rezab: Ethereum is a way to start for sure. Let’s leave the later steps for later. Yes! -best way here https://t.me/gameetoken.

Q5 from Telegram user @cryptofollower

When I check your litepaper I see that Gamee have got 2 different kinds of NFT tokens. G-Bots and Game Parcel. What are the differences between those two NFT tokens? What are the use cases of those two tokens and what are they representing? Are they representing game items or rewards and are they purchasable?

Bozena Rezab: G-Bots are game characters, upgradeable with Gamee token, you will be able to play with them, they will give you reward bonus. Game Parcel is a way to launch a game to our audience, so external game creators can enjoy also what we have built. In both cases, not for sale yet, but coming soon.

D. | Satoshi Club: are G-Bots limited in supply? or you always be adding new G-bots to the platform? with different characteristics?

Mary | Satoshi Club: What are requirements for game creators to launch a game to your audience?

Miroslav Chmelka: yes, both nfts tokens are limited in supply. the game must be html5, must follow our platform guidelines and implement our library. We will share more details later.

Q6 from Telegram user   @Wormz28

I love playing GAMEE here in telegram and my favorite one is SKIPPER. I remembered someone told me if I can play his game and he gave me his link. At that time, I can say, we can possibly cheat in Gamee. So I’m wondering how did he know how to cheat, also how will you support fairness and how will you prove that all kinds of cheating and manipulation are impossible in Gamee Platform?

Miroslav Chmelka: Cheating is a problem that we take seriously. We have implemented several mechanisms how to detect and ban cheaters and we are making it harder and harder all the time. In our next generation gamee we are implementing even more mechanisms how to detect and ban users. We use evaluating gameplay and score in a real time to see if there is anything unusual.

Mary | Satoshi Club: Where is easier to detect cheaters on your current game platform or on blockchain platform? Your personal opinion.

Miroslav Chmelka: on blockchain platform it will be much easier for us to detect and harder for users to cheat.

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram User @cryptofollower

I check the tokenomics and see that after the 6 months there will be just 8.56% of token in circulation. Why is it so low and how will you add new tokens into circulation after that? No one likes the idea of what Ripple did for XRP. So do you have any roadmap for tokenomics afterwards?

Bozena Rezab: Good to see people going into details. It is that low, because we will gradually introduce more utility to GAMEE token, we do not want to release too much, before our second generation of GAMEE is live, together with our game character NFTs. We are in this for long term and the release schedule reflects that.

Q2 from Telegram User @Mamberr0y

I understand that Gamee will implement unique NFts on their game platform, my question is what use will these NFts have on the platform? And what do they mean by updating the Nfts with $Gamee token? Besides this I would like to know what inspired them to make robot Nfts?

Miroslav Chmelka: That is true, we will be releasing G-Bot NFTs – robot collectibles that serve as a reward boost in skill-based tournaments as well as standalone game characters in their own games. Each robot will have some parameters and you will be able to use Gamee tokens to upgrade the robots – it will give him more power and will be more useful for you. We are based in the Czech Republic and actually the word robot was invented by Czech writer Karel Capek that was one of the reasons why we decided to use it.

Q3 from Telegram User @kubeanhd

What happens when people lose interest in a certain game? Can a user convert or trade their item/character into another ingame-token with Your token? Can we play the next new game, and still use our token there?

Bozena Rezab: The whole principle of how GAMEE is built is to serve as entertainment platform, where new games are introduced and people can easily shift from one game to another. With our NFTs, the principle will be same, these are game characters, G-Bots with different stats & powers that players will be able to take from one game to another, while new games are being introduced, the NFT has increasingly wider utility. The NFTs will be purchasable and upgradeable with our GAMEE token.

Q4 from Telegram User @Carolina0012

The GAMEE token allows holders to participate in skill-based tournaments, buy and upgrade Robot NFT, buy Game Parcel NFT, and participate in the ecosystem governance layer that allows voting on the platform roadmap. Will players need GAMEE tokens to pay an entry fee to all tournaments? Will players pay with GAMEE tokens to increase the robot’s overall power and stats?

Bozena Rezab: Hi! There will be also tournaments, where players can only practice, no need to pay fee. And yes! GAMEE token will be used to upgrade power of the G-Bot, so each one becomes unique, different, with various stats and powers. How cool is that?!

Q5 from Telegram User @azrayeni

When you release the token version of Gamee platform what’s going to happen to old version?

Miroslav Chmelka: We plan to keep both platforms running. The new one will be focused on skill based tournaments. We plan to add new features even to the current one – for example you will be able to get reward in a form of our token.

Q6 from Telegram User @RosemaryBianco

I have a confusion, in telegram there is a command “@gamee” that is to provide games to any person or group in Telegram, when placing that command, I see similarities between those games and logos with those of your project, which is also called GAMEE token, my question is, are they the same project? Why are there so many similarities?

Bozena Rezab: Hi Rosemary! Our Telegram bot @gamee, the one that sends our games to any chat conversation in Telegram is almost 5 years old and has entertained millions of users. Now we working on a second generation of GAMEE, blockchain powered and our own token, so we keep using our brand name for it to keep building on what we already have, millions of gamers, portfolio of games. Hope that makes sense!

Q7 from Telegram User @Indomiekuy

GAMEE said there will be gaming tournament on your platform, could you please explain more what kind tournament is that? How to join and what is the reward?

Bozena Rezab: By tournament we understand a skill-based competition among players, that is either 1 vs 1 or a group competition, where players with higher skill reach highscore – win the tournament. This will be core of the new product, called GAMEE Arc8, we are currently working on.

Q8 from Telegram User @captainprice111

You state that the GAMEE Platform is accessible to everyone. Well, can only cryptocurrency users benefit from this opportunity? Do you have a goal to include users who are not related to crypto both to your platform and to educate them about crypt0?

Miroslav Chmelka: As you wrote – gamee is accessible to everyone and it should stay like that. We want our current users (most of them have no experience with crypto) to use the new platform as well. We are focusing on making the experience great and as simple for users as possible. I hope we will be able to explain the value of tokens and nfts to everyone and bring it to mainstream audience in a similar way how nba top shot did.

Q9 from Telegram User @Raisbelys

is your website “token, gamee, com” or “gamee, com”? these are different sites but I think they are related, could you explain what both are about? I think there are some difference between both sites?

Bozena Rezab: Hi, token.gamee.com is informative site about other cryptocurrency activities, while www.gamee.com is a web for gamers, to play, have fun, earn prizes.

Q10 from Telegram User @AugusS7

I could see that big brands like NASA, Man City and many more who enjoy their services, but are the games of those brands really developed? If so, could you show us what they are? And also, could you tell us who will be the next customers who will enjoy your service

Miroslav Chmelka: Yes, we really cooperated with these brands. You can find and play them on our platform

Mars Rover https://www.gamee.com/game/0Moq0ctcY

Man City https://www.gamee.com/game/bj6dEMMXfq 

The most recent cooperation was with legendary Atari – try Asteroids game https://www.gamee.com/game/atariasteroids

---

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about GAMEE. 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:

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

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

GAMEE Token: https://t.me/gameetoken

We are pleased to announce our next AMA on April 11th 2021 at 01:00 PM UTC Time: Satoshi Club x Finminity

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

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

Part 3: 300$ – A quiz about Finminity

For more details:
Finminity Website – finminity.com
Finminity Telegram – @FinminityOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from Oction. The AMA took place on April 3rd, 2021 and our guest were @cryptonite8888 @octymeister and @octician.

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

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

Gold Rocket | Satoshi Club: Hello, dear community!

Octician | OCTION: Hello everyone!

Gold Rocket | Satoshi Club: Today our guests are @cryptonite8888 @octymeister and @octician!

Octmoon: Hello Satoshi club!

Octstar | OCTION: Hello Satoshi Club!

Маry Satoshi CLUB: Hello, guys! Happy to see you here🎉

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, guys!

Octmoon: Glad to be here 🙂

Gold Rocket | Satoshi Club: We are very excited about the upcoming AMA to be honest😉

Маry Satoshi CLUB: Let’s start🚀 Guys, please, introduce yourself and tell us more about Oction🚀

Gold Rocket | Satoshi Club: Introduce youreself please. How did you get to be involved in crypto & Oction? Tell us please about yourself and your position in Oction.

Octician | OCTION: OCTION is the world’s 1st CeDeFi Options Trading Platform built on the Binance Smart Chain!

Gold Rocket | Satoshi Club: Sounds very ambitious😁

Маry Satoshi CLUB: Awesome! So, are you pioneers on BSC or all over the cryptoworld?😀

Octician | OCTION: For me, I was formerly in Investments for a Sovereign Wealth Fund and an Economic Consultant. I was an early believer in Blockchain technology and was one of the pioneers in South East Asia to initiate OTC trading across borders. From there, I undertook several Blockchain projects since 2018 and through the knowledge and connections garnered, eventually led to the launch of OCTION!

Octstar | OCTION: Hi Guys, Octstar here, I am a Tech Lover, a blockchain enthusiast and is a Certified Blockchain Expert  by the World Blockchain Council. He also graduated with flying colours from the Ivanontech  Academy. In addition, I work with FTA (FinTech Academy) of Singapore to hold blockchain  classes for ACCA (Association of Chartered Certified Accounts), ISCA (Institute of Singapore Chartered Accountants), NUS (National University of Singapore), NTU (Nanyang Technological University), I also plan to offer a full diploma program with PSB Academy for Blockchain

Octician | OCTION: We were initially all over the crypto world. However, we noticed the recent increase in interest on BSC and realized that it solves many significant flaws for projects run on the ETH chain. Hence we have decided to built OCTION on BSC!

Маry Satoshi CLUB: Yes, BSC is gaining interest now because of its low fees👍

Octmoon: Yes low fees and fast transactions:)

Octstar | OCTION: Yes it was the natural choice.

Octstar | OCTION: 35x cheaper, to be specific, as compared to Ethereum.

Octmoon: For myself, i was formerly an oil and gas trader, and an early adopter of cryptocurrency. One of the pioneers in South East Asia to initiate OTC trading across borders. Also managed, consulted and advised  several other blockchain projects since 2018. During this period, i have gathered enough experience and connections to eventually launch OCTION, which is currently lacking in the crypto space 🙂

Маry Satoshi CLUB: Are you in crypto since 2018 or earlier?

Octician | OCTION: I was in earlier but started REALLY getting into it during the 2018 boom;)

Маry Satoshi CLUB: Great experience! We are here for tech😉

Octstar | OCTION: Yes I live for tech

Gold Rocket | Satoshi Club: As we can see you guys have a great background! And big plans with Oction

Маry Satoshi CLUB: What is better oil and gas or crypto?😀

Octmoon: OMG is this even a question! in crypto we see 50x 100x, for O&G we see margins:)

Gold Rocket | Satoshi Club: absolutely right! in crypto we are attracted by unlimited possibilities

Octmoon: the sky is the limit!

Gold Rocket | Satoshi Club: Well! Thanks for the intro! Ready for community questions?😉

Octstar | OCTION: We are ready to rock.

Q1 from Telegram user @Winner_don

 I have heard about centralized decentralized Finance (CeDefi) but never heard of one that offers option trading features on binance.

How will oction make this feature work and boost mass crypto adoption?

In line with the trading leverage, will you be able to assist the traders and investors in minimizing risk?

What challenge can we face as an investor, trader and a newbie?

Octstar | OCTION: We are offering options trading on the Binance Smart Chain. Technically speaking the ability to buy CALL and PUT options, from the perspective of Smart Contracts, is just a transaction. Therefore, existing smart contract capabilities are good enough to perform this. However, we do have an-house team to calculate other parameters like expiry periods and max/min options sizes and etc.

Octician | OCTION: an in-house*

Octstar | OCTION: As for trading leverage and risk mitigation, this is automatically handled by the nature of options trading. Options Trading, by its very nature, implies limited downside (you only lose maximum the amount of premiums you used to purchase the option contract, in the first place)

Gold Rocket | Satoshi Club: sounds very good

Octician | OCTION: Yet, it allows opportunities for investors to enjoy the unlimited upside that crypto typically offers

Маry Satoshi CLUB: Which style of options will you trade? European?

Octician | OCTION: We will be doing both American and European options

Маry Satoshi CLUB: Or American?

Octstar | OCTION: As an investor, trader or newbie, if this is your first time using a decentralized platform, you have to get used to the fact that you will be governing your own wallet. As compared to Binance or Deribit, your wallets are automatically created and assigned to you, on a decentralized platform, you connect your own wallets, there is no centralized platform to create or govern your wallet for you.

Octician | OCTION: This was designed to provide options for traders. On one end, they could “pay less” and go for European options or they could “invest more” and go for American options which offers greater flexibility

Gold Rocket | Satoshi Club: American legislation is quite strict in the regulation of crypto

Octician | OCTION: Yes that is correct. However, although it is called American options, it is just a name used to describe the type of Option that is on offer, rather than it being named based on its locality

Gold Rocket | Satoshi Club: How do you manage to address these issues?

Octician | OCTION: American options essentially mean that these options will be exercisable at any time during the contract period. European options on the other end will only be exercisable at the contract expiry

Gold Rocket | Satoshi Club: Thanks for the clarification👍

Octician | OCTION: All good!

Маry Satoshi CLUB: Will this both options styles be available from the beginning?

Octician | OCTION: Yes that is the plan!

Маry Satoshi CLUB: Great! Thank you, guys for your answers! Do you want to add something or we can go to the next question?

Octician | OCTION: We feel that having both styles in place will allow for greater flexibility for the investors on our platform, particularly from a risk reward perspective

Let’s go to the next!

Q2 from Telegram User @AmirJosh

According to the information on your website, the OCTION team and advisors are seasoned professionals with rich experiences across Blockchain, artificial intelligence and investments. You also mentioned projects that they previously served, but how can investors verify this claim without you revealing teams names / identities? Do you have plans to atleast reveal the OCTION project’s founder?

Octstar | OCTION: Hi, as we are a decentralized platform – there is no CEO or COO, there are only project leads and we do show our faces on page 19 of our whitepaper. Ultimately as this is a decentralized platform, in the long term, we foresee the governance of this platform gradually but surely shifting to the hands of the community.

Octmoon: The fact that 1. we have managed to get onto BSCPad has already shown at least a level of credibility.

2. Many of our private investors already know of our background and we have passed Due D checks before any funds were transferred or before any agreements were signed 🙂

Gold Rocket | Satoshi Club: please share your white paper with Satoshi Clubbers🙏

Маry Satoshi CLUB: You had or will have sale on BSCPad?

Octmoon: Will have!

our IDO is on the 9th of April on BSCPad

the whitelisting requirements have already been released

Маry Satoshi CLUB: Can you share this requirements with us? I know our members like to try to get whitelisted 😉

Octstar | OCTION: #OCTION IDO Launch Information:

—————————————————————————————

Info:

✅ Allocation Round: Friday, April 9th 8 A.M. UTC

✅ FCFS Round:  Friday, April 9th 1 P.M. UTC

✅ PancakeSwap Launch:  Friday, April 9th 4 P.M. UTC

✅ Public Sale Vesting Schedule: Vesting 50% TGE then 25% per month

✅ Public Sale token price: 0.11 $BUSD

📸1st Snapshot: Monday, April 5th 5 A.M. UTC

📸2nd Snapshot: Friday, April 9th 5 A.M. UTC

👉Hold your #BSCPAD tokens in your address between 1st and 2nd snapshot times👈

This way you have a guaranteed allocation in the #OCTION presale.

For bronze🥉 (1000-2499 tokens) & silver🥈 tiers (2500-4999 tokens) it is necessary to fill in and complete the whitelist form below!

—————————————————————————————

📃Whitelist form:

1. Join the #OCTION Telegram: https://t.me/octionofficial

2. Follow #OCTION twitter: https://twitter.com/octionofficial

3. Follow #BSCPAD  twitter: https://twitter.com/BSCPad

4. Create a tweet on your twitter account with #BSCPAD & #OCTION hashtags and share the link in the whitelist.

5. Follow the steps inside the white list form:

https://bscpad.wufoo.com/forms/mpweflw1tyq3gs/

📃Inside the form:

1. Add your #BSC compatible wallet address

2. Provide your telegram handle

3. Copy paste the link to your tweet with #BSCPAD & #OCTION tags in it. ( Create the tweet on your own twitter account, dont comment on one of our posts )

Gold Rocket | Satoshi Club: Pay attention Satoshi Club!

Маry Satoshi CLUB: Good luck, guys😉

Octmoon: Thank you everyone for the well wishes!

Octician | OCTION:

OCTION Whitepaper

Octstar | OCTION: https://t.me/octionofficial

Gold Rocket | Satoshi Club: Wow! it’s very soon !!!🚀🚀🚀

Octician | OCTION: For more information on the whitelist details, you’ll be able to find it on our official Telegram group here

Octstar | OCTION: Do visit our Telegram group for more information

Octician | OCTION: Yes! Exciting times!

Octmoon: Yes i know it is very soon! the community and team are all very excited

Gold Rocket | Satoshi Club: Thanks for sharing👍 and good luck🤞

Маry Satoshi CLUB: Thank you for your answers! Everything is clear for me. Ready to proceed?

Octician | OCTION: Let’s go on!

Q3 from Telegram user @dudeiebitch

 Hey in your discord channel you talked about staking oction tokens to receive 1% settlement fees per transaction but I would like to know how much is APY when we stake the token with the platform that give us the opportunity to stake apart from the oction platform.

Octician | OCTION: The APY will be determined based on the amount of settlement fees generated from the OCTION platform. This comes about through transactions, i.e. when a buyer purchases an options contract. Essentially, how it works is that every time someone buys an options contract, a premium is paid for this options contract. A portion of this premium will be distributed to those who have staked their OCTION tokens. The more option contracts are purchased on our platform, the higher the APY 😉

Маry Satoshi CLUB: Logically 😀

Маry Satoshi CLUB: Which fees will your users pay? Can you tell us about their structure?

Octmoon: the total amount of money paid = rate

rate = premium + settlement fee

for eg. rate is $100

the premium will be $80 and settlement fee will be $20

Маry Satoshi CLUB: Not bad!

Octician | OCTION: Those that stake their OCTION tokens will earn $20 in this example. The $80 will be distributed to those that have contributed to the liquidity pool that takes on all option contracts purchased

Маry Satoshi CLUB: When do you plan your platform to go live?😀

Octstar | OCTION: Hi Mary – excellent question. We project 6 weeks to 10 weeks for platform to go live. But rest assured that the platform going live is the first step. We will include more assets to be speculated on and more functions to be unlocked along the way. One of our most exciting features is the OCTION Positional Shield.

Маry Satoshi CLUB: That’s great! Our next question is about this feature😉👍 Ready for it?

Octician | OCTION: Let’s get it!

Q4 from Telegram User @garrinepotter

I see you have the opportunity to expire early options through the “OCTION Positional Shield” system, receiving a refund of part of my premiums. I have recently started to study options trading, but if I understand correctly, one of the parties to the transaction suffers losses during early closing. Using “OCTION Positional Shield” gives partial reimbursement of losses?Or what does it mean:”reimburse part of your premiums”?

Octician | OCTION: Excellent question! 👍🏻 I think the best way to describe this is through an example. If someone purchased an options contract for $50 for a position in 1ETH (market price = $2000) at a strike price of $2000, with a 2 week contract duration. Now after 1 week, if the market price of ETH stays at $2000, “technically” the options contract should be worth $25 with a 1 week contract duration balance. However, if the options contract holder was to now decide to exit his options contract, he would have this alternative which is to receive e.g. $15 back in return for giving up his balance 1 week contract duration. Statistically speaking, the liquidity pool would “earn” $15 LESS because of the reimbursement, however the liquidity pool aka writers would also face less “time risk” by providing this reimbursement through the OCTION Positional Shield aka insurance function

Маry Satoshi CLUB: Excellent example! You know, guys i love when someone can describe something complicated in simple words

Octician | OCTION: So it’s always a relative comparison between time risk and the value of monetary risk. Happy to be of service! 😌

Gold Rocket | Satoshi Club: Thanks! the answer was really flawless🚀

Маry Satoshi CLUB: OCTION Positional Shield feature will be available from the launch or later?

Octstar | OCTION: Nope, this is a feature that will be available in Q3 2021.

Маry Satoshi CLUB: Also, as always i am here with my favourite question 😂🤦 what about your platform audit? Did you have it or plan it?

Not so long to wait😉

Octstar | OCTION: Yes. We plan to have the Liquidity Pool and Staking Pool smart contracts audited by Certiks.

Маry Satoshi CLUB: You choose best😉 We will wait for the updates about audit! Thanks! Ready to jump to the next question?

Octstar | OCTION: Yes. We spare no expense when it comes to security. Nobody’s money is easily earned, we protect it at all costs.

Маry Satoshi CLUB: Awesome 👍

Octstar | OCTION: Yes we are ready.

Q5 from Telegram User @Korryl

Oction is a CeDefi Trading Platform on BSC, but you mention that Oction also integrate with NFTs, can you explain how is the NFTs work for your trading platform? What are the use of NFT in your platform?

Маry Satoshi CLUB: NFTs😍😍😍

Octstar | OCTION: NFTs are integrated with the OCTION platform in the following manner: We plan to offer NFTs as an asset class. In other words, you will be able to purchase CALL/PUT options on the price of NFTs. We also have our OCTION Collectibles in the Opensea Marketplace. Oction NFT Marketplace: https://opensea.io/collection/oction-collectibles

Маry Satoshi CLUB: They are beautiful 😍

Gold Rocket | Satoshi Club: Yes! 😍 it’s awesome. I dream of an octopus on the beach 😁🐙

Octician | OCTION: It’s our way of bridging the gap between Options and NFTs!

Маry Satoshi CLUB: You’re on BSC but NFTs are on opensea?😉 Why?

Octician | OCTION: It’s just meant to be a collectible item for our loyal OCTION family! The main focus is more on providing Options on a new asset class on top of the traditional cryptocurrencies, aka NFTs

Маry Satoshi CLUB: Yes, i understand, do you plan NFTs on BSC?

Octstar | OCTION: Since the Binance Smart Chain is EVM compatible, what we will do is our in-house tech team will build bridges to the Ethereum chain so that we can feed live price data even from Ethereum-driven NFT marketplaces.

Маry Satoshi CLUB: Got it😉 bridges everywhere, it has sense 😀 And just one 6th question left from this part 😉 ready?

Octmoon: ready.

Q6 from Telegram user @yiselen

OCTION aims to educate both users and traders about the differences in the different types of financial derivatives that are offered in the market. Can you tell us what you are developing at the moment? Describe what CeDefi consists of and what are you implementing it for?

Octmoon: We are developing the world’s first fully integrated CeDeFi options trading platform.

now, with regards to what OCTION is currently developing, its very simple we want a level playing field for both crypto traders and holders alike.

providing holders with a way to mitigate risk and new comers or exiting crypto traders to earn the potential upside on crypto because all you are losing if you purchase an option, is the premium.

Маry Satoshi CLUB: A lot of users still are not familiar with options market and are afraid of it😉

Octmoon: well what i can say is that, futures and options are very different. when you purchase a future you wont have a future anymore.

but when you buy an option, you are mitigating your risk associated to your current market positions

Octstar | OCTION: CeDeFi refers to Centralized-Decentralized Finance. For the options trading platform, certain mechanisms like the hosting of the website is still centralized as we want a smooth user experience for all traders but elements such as price feed, option contract execution are decentralized because these are the elements which are critical to price transparency and fairness.

Маry Satoshi CLUB: Yes, i understand 😀 hope todays AMA will help to those who are still afraid 😉

Gold Rocket | Satoshi Club: thanks a lot for your answers! it was very interesting and informative! 👍

Octician | OCTION: For those that still have any questions, please feel free to come to t.me/octionofficial to hound us for clarifications and answers 😉

Octmoon: dont be afraid of options. its actually very simple! we are happy to share more if anyone needs information 🙂

Маry Satoshi CLUB: Sure! Now we know who can help us! Waiting for your platform launch! And of course, for IDO😉

Part 2 — live questions from the Telegram community

Q1 from Telegram User @highpee

🙋‍♂️Hello

For your PUBLIC SALE that is happening April 9, the token sale price: 0.11 $BUSD. Are you only accepting payment in BUSD or it will be possible to pay using other token like USDT or BNB?

@cryptonite8888

@octymeister

@octician

Octstar | OCTION: Only BUSD. Our liquidity pool on Pancakeswap will be BUSD/OCTI

Q2 from Telegram User @surendra040

Hello! @cryptonite8888 @octymeister and @octician

Many Binance smart chain projects are on hype recently doing AMA in satoshi club and very hard to find trust worthy project and some rugged pulls too. Why do you have a team anonymous and will your team be public in future?

Octstar | OCTION: Hi our team is not anonymous. Please refer to this link below to download our whitepaper and turn to page 19. All our faces are shown there.

Q3 from Telegram User @JuanSB07

You mention that “OCTION” is based or built on the Binance Smart Chain (BSC) . But what are the main reasons for choosing this chain over others? Ethereum is not a more solid option ? And talking a little bit about the benefits of relying on Binance Smart Chain in “OCTION” what would they be ? The low fees are related to this chain ?

Octician | OCTION: Yes the low fees are related to BSC. We have deliberately chosen BSC over the ETH chain. The reason for this is because with the current congestions and high fees on the ETH network, it makes it very difficult for option traders to trade profitably. The price you pay for an options contract could be $50 but if the gas fees cost $200, it will be incredibly difficult to be profitable. BSC solves this problem through the low gas fees.

Octstar | OCTION: We chose the Binance Smart Chain.

Because as of now, gas fees are 35x cheaper as compared to the Ethereum chain.

It also supports higher transaction throughput.

Last of all it’s unique POSA (Proof of Stake Authority) Consensus mechanism allows for easier upgrading/soft forks/hard forks of the chain in future.

Q4 from Telegram User @highpee

🙋‍♂️Hello

Am not too familiar with options trading on decentralized platforms but I can see you mention AMERICA and EUROPEAN options. What are these? How are they traded and what is the difference between the two?

@cryptonite8888

@octymeister

@octician

Octmoon: The key difference between American and European options relates to when the options can be exercised.

EU options may only be exercised at the chosen expiry date of the option. ( a pre defined point in the near future).

US options on the other hand may be exercised at any time before the expiration date.

These are just terms used for options trading dont get confused by the word US or EU options. They are just option types

Q5 from Telegram User @Carolina0012

In the summary statement of your paper, make it clear that they refer to a “CeDeFi”, it is a period in which token holders cannot transfer the tokens from their wallets. Does this strategy apply to all token holders?

Octician | OCTION: If I am not mistaken, this is in relation to the vesting schedule. We have implemented various vesting schedules for our Private Sale (20% unlocked upfront, 8% per month thereafter) and Public Sale (50% unlocked upfront, 25% per month thereafter) investors, along with even longer vesting schedules for the Team and Advisor (6 month cliff, 8% per month thereafter) tokens. This is meant to protect the project and to show the dedication of the Team and Advisors towards the long run growth and scalability of OCTION.

Tokens traded on Pancakeswap will be freely traded and will have no vesting schedules applicable to it

Q6 from Telegram User @lzamg

🌟One of the main features of OCTION is the options contracts. Can you explain how do these contracts work? Which benefits do the options contracts provide the OCTION users? Also, how do your contracts difference from the traditional options contracts?

@octician

@octymeister

@cryptonite8888

Octstar | OCTION: Look at each CALL/PUT options contract that is bought on the OCTION Ecosystem as a single transaction on the Binance Smart Chain and therefore is supported by the current Smart Contract Protocols offered by the Binance Smart Chain.

Being decentralized, OCTION prevents unnecessary disruptions and interventions  by a centralized platform

Example: Recent halt in trading by Robinhood for GameStop shares (NYSE: GME) on 28/1/2021

2. Zero-time decay as all orders are instantly taken up by writers (liquidity pool)

3. Maximum efficiency of liquidity as all unutilized liquidity is immediately available  to underwrite new options contracts

4. No market maker is required to provide liquidity via sitting limit orders as all  orders will be taken up against the liquidity pool

5. Lower commissions compared to full-service brokers

6. OCTION token holders will benefit from the development of the OCTION  ecosystem with advantages when being a writer (earn transaction premiums and  guaranteed liquidity for liquidity providers), holder (discount on transaction  premiums) or just a token holder (earn settlement fee)

Q7 from Telegram User @K2ice

How soon do you think the Liquidity Pool and Staking Pool smart contracts will be audited by Certik? Will appreciate a timeline.

Octician | OCTION: As stated earlier, our intended timeline for the development will be 6-10 weeks. Once this is done, the contracts will be sent for auditing with Certik

Q8 from Telegram User @Isabellqueen4

there are several competitors such as Hegic (Eth), Oddz Finance (Multi-chain) and Hedget (BSC).

How does OUCTION plan to have a better market share?

 and What is your strategy?

Octmoon: Firstly, we are the first to be built on BSC which also means that our transaction speed and transaction cost is 35x cheaper.

The model that Hegic and Oddz finance uses are totally different from ours. Oction provides value to both holders and writers aka (buyers and sellers)

Moreover, we also have an Oction positional shield that is proprietary.

when it comes to market share, its natural that users will only move to a platform that has more option types for them and also a safety positional shield mechanism and most importantly a platform that has a lower transaction cost and higher transaction speed.

Q9 from Telegram User @Sumione

Hello! 🖐️

 @cryptonite8888 @octymeister 

@octician

What is your official token address of OCTI?

Octician | OCTION: Our official contract address is: 0x6c1de9907263f0c12261d88b65ca18f31163f29d

Q10 from Telegram User @smelekin

Do you make any off-chain transactions or trades for the orders of your customers?

Octstar | OCTION: No we do not. Because any off-chain transaction is susceptible to fraudulent adjustments.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of OCTION. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru

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

Our partners:

OCTION Telegram group: https://t.me/octionofficial

We are pleased to announce our next AMA on April 4th 2021 at 02:00 PM UTC Time: Satoshi Club x EPNS

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

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

Part 3: 300$ – A quiz about EPNS

For more details:
EPNS Website – epns.io
EPNS Telegram – @epnsproject
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Unicly and our guest was Leia Fisher.   The AMA took place on 3 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 again Satoshi Club! We are happy to announce our AMA session with Unicly! Welcome to Satoshi Club😀

D. | Satoshi Club: our today’s guest – @LeiaFisherOne ! hello, welcome to Satoshi Club!

Leia Fisher: Hi everyone!

D. | Satoshi Club: 👋

Mary | Satoshi Club: Hello, Leia! How are you today?😀

Leia Fisher: I’m really great and excited to meet everyone in the club.☺️

Mary | Satoshi Club: Fantastic 🚀 so, let’s start our AMA 😀

Could you please introduce yourself and tell us more about Unicly?

Leia Fisher: I’m Leia (I go by 0xLeia everywhere). I’m a designer and developer, and a huge fan of art. I’ve been participating in the NFT space for many years.

Unicly is a protocol to combine, fractionalize, and trade NFTs with guaranteed liquidity. The protocol allows users to wrap any number of NFTs together into a “uToken”, which is the ERC20 equivalent of the NFT collection. Users can then provide liquidity and experience AMM-type price discovery of these fractionalized NFT collections.

Mary | Satoshi Club:,Great idea, i like it! Btw, when did you get your first NFT?😀

D. | Satoshi Club: how many people with you working on the project?

Leia Fisher: Late 2018

Our core team is about 9 members but we have a larger community of designers and developers.

Mary | Satoshi Club:, You were really early👍 most users heard about NFTs only in 20-21 on the wave of hype

Leia Fisher: I’m really tuned in to the crypto space so i knew about NFTs when they were just an EIP

Mary | Satoshi Club: And you had time to accumulate more experience and ideas how to improve this space😀

Thank you for your intro, Leia! We choose 6 questions for the first part!

Are you ready for them?

Leia Fisher: Ok, let’s get started

Q1 from Telegram user @yiselen

Buying NFT is quite a laborious process. Fungible tokens can have thousands of buyers and sellers, but each NFT transaction depends on bringing together a single buyer and a single seller.How does Unicly improve the quality of this process? Tell me a little about your fractional model?

Leia Fisher: Fractionalization allows more people to trade NFTs at lower price points, enabling more of us to have ownership of even the most coveted NFTs. We do that by integrating NFTs with our series of smart contracts.

D. | Satoshi Club: can you describe the process? because i can’t imagine how is it possible

Mary | Satoshi Club: Does it mean that i will be able to buy a part of Beeple NFT, for example?

Leia Fisher: Good question, we detail the fractionalization process here in our documentation  https://docs.unic.ly/tutorials/how-to-fractionalize-your-nfts

If the NFT was on our platfrom then YES.

Mary | Satoshi Club: Gotcha 👍

Where we can get uSDF?

D. | Satoshi Club: but how can you split NFTs i thought it’s impossible?

Mary | Satoshi Club: Oh, got it, it’s like i will issue this when add NFTs, right?

Leia Fisher: We are not spliting the NFTs, we are issuing Utokens based on the underlined value of the NFTs

Mary | Satoshi Club: As i understand the main idea behind this to allow all users to own a part of NFT if they can’t afford to buy whole?

Leia Fisher: Yes

Mary | Satoshi Club: Then why did you launch your project on ETH? It’s expensive nowadays and the meaning is partially lost

Leia Fisher: On our platform,  you can find uToken collections on the Discover. If you find NFTs that you like, look through the collection and put up a bid! If you want a piece of the whole collection, you can buy some uTokens. As a uToken holder, you can govern the collection. If you believe that the total value of the bids on the collection is high enough for the collection, you should stake your uTokens to unlock the NFTs. Once enough people stake, you can redeem your uTokens for some of the NFT auction proceeds.

After our initial launch we will be looking at layer 2 solutions

Mary | Satoshi Club: Nice structure 👍

Leia Fisher: Thanks!

Mary | Satoshi Club: Got it! Thank you for your answers! Are you ready for the next question?

Leia Fisher: Sure!

Q2 from Telegram user @moreandmoreeee

Trust is so important in business, what makes investors, customers and users feel secure when participating in your project? How will you gain the trust of many negative users about Blockchain and DeFi?

Leia Fisher: Blockchain technology was design to be trustless. so we build on those tenets.there’s no need to trust us in particular, trust the contracts that are open source and are auditable.

D. | Satoshi Club: what about your team, are you public or not?

Mary | Satoshi Club: Do you plan to conduct an audit of your platform?

Leia Fisher: We don’t want to focus attention on the team because the project is geared more towards the community goverance starting with our fair launch.

you can review that here https://github.com/uniclyNFT/Resources/blob/main/Unicly%20Security%20Audit.pdf

Mary | Satoshi Club: Thank you!

Ready to proceed?😀

Leia Fisher: Ok!

Q3 from Telegram user @victorogb

As stated on your official website, to farm UNIC one has to provide liquidity by staking their uTokens to earn more UNIC. You can also stake more UNIC to earn xUNIC where xUNIC can be converted for more UNIC over time. Can you carefully explain this process, what is the difference between UNIC and xUNIC, and why do I have to stake my earned UNIC to get xUNIC does it mean that UNIC can also be used as an LP token?

Leia Fisher: Yes, UNIC holders can convert UNIC into xUNIC to earn more UNIC. The yield comes from the UNIC bought back on UnicSwap (through the fees). Details of that are found here https://docs.unic.ly/tutorials/how-to-liquidity-mine-and-farm-unic

Mary | Satoshi Club: When liquidity mining will start?

Leia Fisher: On April 19th, the Launch Partners will be finalized, which will add them to the genesis whitelisted pools on Unicly. Liquidity mining will start on April 21st at a specific, pre-determined (and public) block height, to be announced closer to April 21st.

Mary | Satoshi Club: Our next question is about Launch Partners😉 can we jump to it?

Leia Fisher: Ok!

Q4 from Telegram user @AmirJosh

What is Unicly Launch Partner program? Who can be a launch partner and what are the benefits they will enjoy when approved as a Unicly Partner? Can you tell us the selection process of this program?

Leia Fisher: On day 1, I will start with 1 token in order to vote in the first set of whitelisted pools. I have to do this so that there is an initial list of pools that can mint new UNIC, and therefore the community can take the reins immediately with their tokens.

We believe that it will be best to have the community help choose which collections will become Whitelisted Launch Partners. Between April 7th and April 19th, the community will be able to interact, discuss, and choose which uTokens collections are the most “unique” out of the ones that are created. The quality of the collection, amount of liquidity, and engagements by the community (on social media) will be taken into account for the whitelisting. Only uTokens that have been created on-chain through the Unicly protocol will be considered. The quicker you set up your uToken collection, the more time the community gets to look at it and support it!

Mary | Satoshi Club: Do you already have artists who are ready to create collections for your platform?

D. | Satoshi Club: so people will have to add liquidity into pools to participate in mining? or im mistaken?

Leia Fisher: Several amazing NFT projects, collectors, and artists have already expressed interest in becoming launch partners. To name a few=  Aavegotchi, Terra Virtua, Star Atlas, Doki Doki, Waifu have all expressed interest!

Mary | Satoshi Club: Familiar names! Fantastic!

Leia Fisher: Yes

D. | Satoshi Club: members of your team will be also participate in the mining on the launch day? 😉

Leia Fisher: 90% of UNIC tokens will only be minted via liquidity mining and 10% will progressively be allocated to the development team as they get minted over time

D. | Satoshi Club: thank you for the answer! ready for the next question?

Leia Fisher: Ok let’s go!

Q5 from Telegram user @NataliyaKil

While studying your project, I read that UNIC can be mined forever. How will you control the amount of token mined by users so that it does not exhaust the total UNIC supply?

Leia Fisher: Each month, the mint rate of UNIC tokens will decrease by 5%, starting at a monthly mint amount of 50,000 UNIC. Therefore, the supply will never reach 1M UNIC.

Mary | Satoshi Club: That’s nice!

Mary | Satoshi Club: It’s clear for me😀

Leia Fisher: Great!

Mary | Satoshi Club: Ready for the 6th and last question from this part?😀

Leia Fisher: Ok!

Q6 from Telegram user @Dudeiebitch

We have the issue of copyright in NFT selling, how do you deal with it when the seller issues copyright on his product without the buyer knowing. You know that they can claim the product back if they have copyright on it, I don’t know if you have a p2p platform that make the seller and buyer interact.

Leia Fisher: That’s a solution we can work towards with regulatory bodies as its a legal issue and not a technical one.

Mary | Satoshi Club: Got it! 👍

Leia, do you want to add something before the live part will start😀?

Leia Fisher: Only that everyone should follow all our socials from our website https://unic.ly/ and take part in the whitlisted collection voting!

D. | Satoshi Club: [ 👍 Sticker ]

Mary | Satoshi Club: Sure! Satoshiclubbers, join👏

Ready for the storm of questions?😀

@LeiaFisherOne

Leia Fisher: Yep

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @topind7

What is Unicly main aim or objective for the community and will there be private sale soon?

Leia Fisher: Unicly will be governed by the UNIC token. There has been no private sale and there never will be one. 10% of tokens will go to the development team as they get minted over time. The remaining 90% will only be available through liquidity mining. The community will be voting on whitelisted pools and participating within our platform.😃

Q2 from Telegram user @Joshblaze

Does your project name has any important to project growth?

Leia Fisher: NFTs have a lot to do with being unique. We’re also looking for unique collections, and we’re a very unique protocol. We wanted to capture all of this in our name, while making it memorable.

Q3 from Telegram user @sumione

Where is UNIC available to buy and can you  give me its contract address?

Leia Fisher: On April 19th, the Launch Partners will be finalized, which will add them to the genesis whitelisted pools on Unicly. Liquidity mining will start on April 21st at a specific, pre-determined (and public) block height, to be announced closer to April 21st.

UNIC starts getting minted on April 21st 🙂 The community will add liquidity for UNIC when that happens, and people will be able to start buying UNIC.

Q4 from Telegram user @mucana

Can you explain the importance of Unicly’s long-term vision for its users and investors? And what is your strategy for drawing the attention of the crypto world to Unicly?

Leia Fisher: There have been a few early efforts to fractionalize NFTs and we have learned a lot from them. Through Unicly, we aim to solve the existing problems.

Unicly’s key attributes are the following. 

• ●  Enabling sharding of collections containing multiple NFTs across different smart contracts (ERC-721 and/or ERC-1155s). 

• ●  Treating every NFT within a sharded collection as a unique, irreplaceable item. 

• ●  Allowing collectors to bid for specific NFTs rather than entire collections. 

• ●  Treat all shards equally and never rely on randomization of reward 

distributions. 

• ●  Sharing the proceeds from NFT disposals equally between all shard holders 

(or uToken holders). 

• ●  Allowing shard holders to accept bids by voting with their shards as opposed 

to forcing them to counterbid. 

• ●  Eliminating incentives for NFT collections to depreciate through selective 

inventory churning. 

• ●  Rewarding contributors of the best NFT collections through liquidity mining of 

the UNIC governance token. 

We believe that there is no NFT fractionalization platform out there that has solved most of the underlying issues, to create a fully functional protocol that fits the market’s needs.

Q5 from Telegram user @nadee5

As  a  new  project  , What  are  the  marketing  campaigns  have   done  so far  to  increase community  of  unicly ? Any  giveaways,competitions?

Leia Fisher: We have many ongoing giveaways and contests, pls do follow our telegram group https://t.me/unicly_community for the latest 😀

Q6 from Telegram user @MCBTrade

I thought that NFT technology was still in its infancy and the digitalization process of our lives would accelerate. Finally, the Unicly project emerged. It is very gratifying that NFT technology is so seriously included in our real life. Do you expect a change and digital transformation in the brand and branding process with Unicly? Can anyone easily create their own brand in many products such as textiles and gift items? I think this would be a very exciting start …

Leia Fisher: Anyone can create a Unicly Collection and configure to their liking, check out more here https://docs.unic.ly/tutorials/how-to-fractionalize-your-nfts we are excited to grow the unicly brand with all our collections!

Q7 from Telegram user @Xuso

I read your medium it said unicly will bring new innovation regarding Yield farming into the world of NFTs, as I know yield farm possible to token but how does it work if we farm with NFTs? And how about the reward distribution system?

Leia Fisher: Yes our platform combines NFTs and Defi. Check out our liquidy mine and farm tutorials here https://docs.unic.ly/tutorials/how-to-liquidity-mine-and-farm-unic

Q8 from Telegram user @cryptonation2

What role does a community plays for Unicly? What are your plans to increase awareness and adoption for non english users??

Leia Fisher: This project will be all about community, and we believe that we’ll find community members from all over the world that will help advance our ecosystem. We believe that this network effect and word of mouth will attract non-English speakers, and we could also see community contributors translating content for us as well.

Q9 from Telegram user @Kushal85127939

How users can make or mint their own NFTs on your platform? Is there any guide, tutorial or whitepaper for Crypto Newbies?

Leia Fisher: Yes we have created a comprehensive guide and will add more tutorials shortly, Also, we have our telegram chat where you can ask questions also. https://docs.unic.ly/tutorials/how-to-fractionalize-your-nfts

Q10 from Telegram user @Robotliker1

could you help me providing tokenomics and how much tokens is in circulation

Leia Fisher: Unicly will have a true fair launch. 90% of UNIC tokens will only be minted via liquidity mining and 10% will progressively be allocated to the development team as they get minted over time. On day 1, I will start with 1 token in order to vote in the first set of whitelisted pools (that will enable future liquidity mining). There will be no pressure from presale investors because they do not exist. 

Each month, the mint rate of UNIC tokens will decrease by 5%, starting at a monthly mint amount of 50,000 UNIC. Therefore, the supply will never reach 1M UNIC. Similar to Bitcoin, there is guaranteed scarcity with UNIC. Therefore, farming UNIC early is probably the best way to participate.

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/unicly_community/

Twitter: https://twitter.com/uniclyNFT/

We are pleased to announce our next AMA on April 9th 2021 at 04:00 PM UTC Time: Satoshi Club x Polkazeck

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

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

Part 3: 300$ – A quiz about Polkazeck

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

We are pleased to announce our next AMA on April 5th 2021 at 04:30 PM UTC Time: Satoshi Club x UCOIN

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

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

Part 3: 300$ – A quiz about UCOIN

For more details:
UCOIN Website – ucoincurrency.io
UCOIN Telegram – @ucoincurrency_chat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from MonoX and our guest  were @ruyiren and @floody1.  The AMA took place on 1 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 MonoX! Welcome to Satoshi Club😀

D. | Satoshi Club: our today’s guests – @ruyiren and @floody1 ! hello! nice to have you in Satoshi Club!  👋

Hugh: Hello everyone pleasure to be here!

Mary | Satoshi Club: Hello, Hugh! How are you today?)

Ruyi Ren: Hey everyone. Thanks for having us.

Mary | Satoshi Club: Ruyi, welcome here👏

Hugh: Doing very well thanks, things are getting pretty busy and we are at an excting time for our project

D. | Satoshi Club: cool! 👍

Hugh: How are you guys doing?

D. | Satoshi Club: great! 🚀

Mary | Satoshi Club: Wow, we are also excited to hear more about MonoX project and let’s start from your intro😉 and of course MonoX intro🚀

Ruyi Ren:I got into the space around the end of 2016. Started trading and mining. That’s how I got into building crypto projects. I’ve been building anon small projects since then. Last year Hugh and I met, we did a couple more. That’s when we realized it’s really hard for small projects to launch on exchanges, even DEX’s.

Hugh: For our proejct:

MonoX is a new DeFi protocol using a single token design for liquidity pools (instead of using pool pairs). This is made possible by grouping deposited tokens into a virtual pair with the vUSD stablecoin.

Single token liquidity pools are more capital efficient, resulting in a more optimized experience for all participants.

– As a project or developer, you can launch your token with zero extra capital.

– As a liquidity provider you only have to deposit one token to the liquidity pool.

– As a trader, swapping tokens is made much cheaper.

– We use one pool so LPs will receive fees for both swaps and borrowing.

Our first use case for single token liquidity pools will be an Automated Market Maker – Monoswap, which is set to launch in Q2 2021.

In the future, we will be launching lending/borrowing and derivatives products.

Mary | Satoshi Club: Yes, that’s true😀

Hugh: I have also been in the space since 2016, worked at various start ups in the space including ConsenSys, and also worked more on the venture capital and advisory side too.

Mary | Satoshi Club: It’s near! Can’t wait to see Monoswap launch😀

Hugh: Yes! Its pretty near now. We have been building since October, security is one of our main focuses now as we head into the later stage of the product development life cycle.

Mary | Satoshi Club: Is your team big? How many developers MonoX has?

Ruyi Ren: Yeah, liquidity pairs kill small projects. Fair-launching a market cap $1m of token ABC would require $1m worth of ETH from the founder. With MonoX, all the founding team needed is their own token. No any other token needed to do a fair launch.

Mary | Satoshi Club: I am happy to hear that you care about security! 👏

Could not imagine before that it’s possible

So, what about your team😀

Hugh: We are currently hiring. But the core team all devs, including Ruyi (who is both CEO and tech lead) then myself the non dev.  Team of 6

Mary | Satoshi Club: Hiring?😀 Who are you looking for?

Ruyi Ren:I found it pretty hard to find QAs who understand how blockchain/dapps work.

Hugh:On my side I need a bit of extra help now! So hiring a business / partnerships lead to help me with growth

Mary | Satoshi Club: May be we have some here, in Satoshi Club 😉

Hugh: 👀

Ruyi Ren: Yeah sounds interesting. Definitely reach out to us if anyone’s interested.

Mary | Satoshi Club: Hope, you will find some help from us😉 Satoshiclubbers, check your skills🚀

Mary | Satoshi Club: Guys, thank you for your intro! Do you want to add something or we can start with the questions from our community?😃

Ruyi Ren: I’m good. Hugh?

Hugh: Thank you for the intro, Lets get down to business with the community!

Q1 from Telegram user @Antoni_azx

The information about the private and public sales for your token $ MONO is a little limited, I couldn’t find your roadmap on your website either, what plans do you have for this year? When will all those dates be available?

Mary | Satoshi Club: We decided to start with sale😉

D. | Satoshi Club: well, question is not only about sale 👀😉

Ruyi Ren:

 

Here’s our roadmap today. We are looking into updating this though. Would love to have financial NFTs sooner but L2 is also attractive.

On public sale, we’ve decided to do IDO. We are still working on the details. Most likely it’ll be on more than one platform. Stay tuned.

Mary | Satoshi Club:Yes, it’s hard to get whitelisted now, if it will be more than one platform this will be awesome!

Hugh: We will update our documentation with our newly finished roadmap soon

Mary | Satoshi Club:Guys, do you plan to launch only on ETH?

D. | Satoshi Club: about L2, what kinda of solution are you looking for? will it be optimism or zkrollups?

Ruyi Ren: Yes. We are looking into launching on other chains a little bit after ETH mainnet launch.

Mary | Satoshi Club: Good news😉👍

Ruyi Ren: Good question. ZK-Rollup would be ideal but we are willing to settle for sidechain for better timeline. We are a huge fan of polygon’s work.

D. | Satoshi Club: yep, those guys did a good job 👍

Mary | Satoshi Club: We as well😃

Thank you for your answers, guys! Ready to proceed?

Hugh:Lets do it, cheers

Q2 from Telegram user @MaxiVV

I read that instead of using regular liquidity pool pairs, you utilize Single Token Liquidity pools, what is the main difference between the traditional and your single token liquidity pool? What are the pros and cons of your model? Do you think will be easy users get involved fast and trust? Give us an overview how it works.

Ruyi Ren: The biggest advantage we have is trustless listing. Listing $1m of ABC no longer requires $1m worth of ETH (or DAI). All the founders need is their own token. I believe this will encourage even more innovation in this space and we’ll see tons of awesome projects soon. I also encourage you to read more on our medium post to learn more about how our AMM works.

Hugh: You can also do more a deep dive into how our single token pool works in our medium article we posted just yesterday: 

https://medium.com/monoswap/single-token-liquidity-eff05dfebd75

Mary | Satoshi Club: As a future Monoswap user what i will be able to do on your platform?

Hugh: Do you mean overall? Or just for our first product?

Mary | Satoshi Club: Let’s start with first😃

Hugh: Sure

1. Launch your token with zero capital

2. Traders can swap. Every trade is a flat 0.3%

3. Provide liquidity, user only need to deposit one token

MONO token holders will also be able to participate in protocol governance

Mary | Satoshi Club: To be honest i like everything, but 3 i like most of all😂

That’s great! Do you already have some articles about you governance system?

Hugh: We are super excited for our users to experience 3 too, it should lower the barrier to be an LP

D. | Satoshi Club: can’t wait to try this 😏

Hugh: We don’t have an article on that yet, but we have release more info in the coming weeks. We touch on it in our two tierd pool system in our documentation

Mary | Satoshi Club: We will stay tuned 👍

Hugh:

How it will work. But yeah stay tuned for a more in depth explination

Mary | Satoshi Club: 👍

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

Hugh: sounds good

Q3 from Telegram user @Highpee

One of the features of MonoX protocol is Trustless Listing Pools which will give any user the capacity to create and list token as well create liquidity pool. We are already aware of several fake versions of real tokens created on Uniswap and other DEXes by malicious actors. How does MonoX Trustless listing safeguard users as well as prevent the propensity to rug or list scam tokens at ease? What in built functionalities will be used by your protocol to protect users interest and allow them to be able to identify scam from genuine products?

Ruyi Ren: Good question. It’s been a big problem in the space. We are fully aware of this. We’ll do our best to warn users of suspicious tokens. It’s also important for users to doublecheck the token address before investing.

D. | Satoshi Club: that’s true lots of people forgetting about this

Ruyi Ren: I like uniswap’s warning when you enter a token by address. We might do something similar.

Mary | Satoshi Club: You will list tokens or all tokens will be available for trading just with contract address?

I am not sure that some users even read it😂 but it’s good idea

Ruyi Ren: How do you mean?

Mary | Satoshi Club: For example, on some DEXs i can trade only those tokens which are listed there

Ruyi Ren: We keep a list of popular tokens. For trustless listings, user can trade if they know the address. Alternatively, we’ll have an “explore” feature so users can view, for example, top 10 new projects.

Mary | Satoshi Club: Got it👍 thank you

Nice features 😃

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

Hugh: Ready

Ruyi Ren: Ready

Q4 from Telegram user @johana0012

I understand that you are not listed on any exchange portal yet and that you will offer retroactive token distribution via airdrop to reward early beta users. Am I still in time to participate among these first users?

Ruyi Ren: Sorry for any confusion. You probably saw this from one of our older version docs. We’ve decided to do a liquidity mining program instead.

D. | Satoshi Club: yeah. i have read your docs today and saw this info as well

Ruyi Ren: This way we can expand the program to more people, instead of only benefiting a few exclusive beta users.

Hugh: This was we can expand the program to more people and they can start earning those LP rewards

LOL took the words out of my mouth

Will make sure its updated, thank you 🙏

D. | Satoshi Club: and what will we need to participate in liquid mining?

Mary | Satoshi Club: It happens when you work together 😂 right, @Cool_as_Ice ?

D. | Satoshi Club: yeeesss

Ruyi Ren: It’s easy. 1) provide liquidity for, say, MONO or ETH and 2) stake the LP token to earn MONO.

Mary | Satoshi Club: Will this program start in Q2?😃

Ruyi Ren: Yes. This starts as soon as we launch.

D. | Satoshi Club: so only one asset need for mining? MONO or ETH

Ruyi Ren: Yes. It’s all single token pools.

D. | Satoshi Club: btw what if some project wanted to organise liquid mining on MonoX platform, like they do on Uniswap, as we know user need to create a pair of tokens for this, like ETH/UNI for example. on your platform user will have to deposit only one token in the mining pool as well?

Ruyi Ren: We have LP tokens just like the other AMMs. The only difference is that our LP tokens are actually ERC1155, which is kinda like NFT.

D. | Satoshi Club: wow cool

Ruyi Ren: And yes, user only needs to deposit one token to get the LP token.

Mary | Satoshi Club: sounds tempting😃

D. | Satoshi Club:gotcha, thank you for answers!

ready for the next question?

Hugh: sure

Ruyi Ren: sure. absolutely

Q5 from Telegram user @AmirJosh

MonoX Platforms single token liquidity pools can also be used to build optimized lending/borrowing products, as well as derivatives like futures and options trading. This is like all in one system that if will built and run efficiently can help other projects minimized their spending. Do you have plans to use your platform’s technology to offer services for other start up defi projects?

Hugh: We will scale up to a fair lanch service so promising start ups can launch their token without the need for extra capital. Kinda like a fair launch – launchpad

But any project and developer can do this with a trustless pool from the begining. However as we scale we will build services around this feature so it can operate more like the fair launch launchpad.

Mary | Satoshi Club: But you will have fees, right?

Hugh: For the services?

Mary | Satoshi Club: Yes, exactly

Hugh: We’d like to work with the project and form a partnership not necessarily charge a fee

D. | Satoshi Club: got it, but will projects need to have some requirements to use your launchpad? for example like team should be fully public etc

Mary | Satoshi Club: wise approach😃

Hugh: Yeah we are coming up with a framework internally so we can perform the necessary due diligence to assure that projects listed will be of high quality

D. | Satoshi Club: nice! 🙌

Mary | Satoshi Club: Awesome!

D. | Satoshi Club: thank you for answers! ready for the last question from part 1?

Ruyi Ren: sure

Hugh: sounds good

Q6 from Telegram user @zennixjoen

Uniswap recently announced the launch of V3 which they claim will allow LPs to provide liquidity with up to 4000x capital efficiency relative to Uniswap v2, earning higher returns on their capital”. In light of this announcement, can MonoX still compete with Uniswap in terms of capital efficiency and do you have the evidence/test results to prove it?

Hugh: Great question. And Uniswap v3 certianly looks pretty cool, however it’s more trying to fix the impermanent loss problem and looks like they did a great job at it.

We, on the other hand, focus on solving the capital inefficiency problem, especially for new project launches. As uniswap still uses a two-token pair system, to do a trustless listing, one still needs that extra capital to build a pair. On monoswap, only the token being listed is required. That’s 100% capital saving and it’s still true.

Plus making one trade on monoswap is always one trade. On uniswap, if your trade involves 2-3 pairs, you’d be paying 2-3x gas fees and trade fees.

Mary | Satoshi Club: I see your advantages😃 especially when i think about gas fees

Ruyi Ren: Plus the lending and swap share the same pool. Uniswap or any other duo-token pools won’t be able to do that.

Mary | Satoshi Club: 👍

Thank you, Monoswap advantages obvious😃

And we came close to the live part, guys😃

Ruyi Ren: awesome

D. | Satoshi Club: @ruyiren  @floody1 we will open chat for 2 minutes, after chat will be closed – you can start select questions from Satoshi Сlub members!

Hugh: awesome thanks

Part 2 — live questions from the Telegram community

Q1 from Telegram user @cindy_caypto

Do you support NFT’s and what can I do with the NFT’s I get while I get using Monoswap platform and where can I sell them?

Ruyi Ren: We’ll support ERC1155 trading on our platform but not ERC721. We are making our platform extremely NFT friendly: 1) our LP tokens are NFTs 2) we’ll support and work with fractionable NFTs so in the future lending/borrowing NFTs is possible 3) derivatives will be financial NFTs as well

Q2 from Telegram user @Beterror203

You say that the vUSD is backed by assets of its group, what kind of assets are these that can support the vUSD, how can we verify these assets?

Hugh: Great question, I am choosing this one becuase we haven’t really touched on vUSD yet.

So for MonoX protocol its the pair is virtual. vUSD is a real stablecoin. vUSD is technically backed by all the assets in the pool. However, it’s more accurate to say that it is backed by the sell function because when a user sells into vUSD it mints the physical stablecoin. In essence, vUSD is backed by the liquidity itself, not the assets. vUSD is only backed when there is a positive vUSD balance in the pool. Trustless listing pools cannot go below 0 for vUSD balance. If a pool has a positive vUSD balance it means someone has bought the asset at this price and therefore it is backed.

Q3 from Telegram user @JuanSB07

I noticed that the name that represents your project is MonoX, but “mono” means monkey in Spanish. So this makes me wonder, do you have any relationship with Latin American communities or people? Does MonoX have any focus or plans in Latin America?

Ruyi Ren: Absolutely. As you can see, all of our brandings are about monkeys. As we are a global team, two of our engineers are located (in two different countries) in Latin America.

Q4 from Telegram user @surendra040

Hello! Are there any private or public sale I can join? will you have whitelisting process?

Hugh: We announced for the first time to the Satoshi Club comminity that we will be doing an IDO. We plan to do IDO on multiple platforms so more of our comunity can participate. Stay tuned for more updates!

Q5 from Telegram user @mobilejii

Are your smart contracts audited? What security measures has Monox adopted  to prevent from vulnerable hacks and attacks

Ruyi Ren: Yes. All of our contracts will be audited. We actually have a higher standard than just audits. On top of audits, we’ll do actual pen tests. We’ll ask a few white hat hackers to try to exploit our contract and make sure it’s secure enough before we launch.

Q6 from Telegram user @nadee5

Monoswap  uses  single  token design  for  liquidity pools instead  of  using  pool pairs..

What  are  the  competitive advantages  Monoswap  has  with  single  liquidity  pool instead of pool  pairs ? How can  user  be  benefitted  from  single token  design   rather  than  the  pool pairs?

Hugh: Another great question.

Users only need to supply one token (Token A) to be an LP

Projects can launch their token with zero capital (no ETH needed to create the pair)

More capital efficient:

i. As a Liquidity Provider there is no need to deposit multiple tokens. This increases decentralization because being an LP is much less capital intensive

Lower trading fees — Cheaper than Uniswap on average:

i. All the pools/pairs are in the same ERC1155 contract. It is much cheaper to interact with the same contract internally, than involving multiple other contracts

ii. Lengthy transaction paths are avoided because thanks to our vUSD stablecoin, Token A will not go through a ‘path’ of pairs to swap into Token B

iii. Every trade is one swap and a flat 0.3% fee

Less capital siloed in multiple pool pairs:

i. As there is no need for multiple pool pairs, more capital is unlocked and free to use

Allows for borrowing and lending from same pool

i. The borrowing and lending process is more optimized as users do not have to withdraw/reserve two tokens to keep the ratio (price) the same

Q7 from Telegram user @Robotliker1

I am little confused , why have you change your project name?is there any reason to name MonoX

Hugh: We decided to change the name.

This is because there are too many “swaps” in the market. Moreover, our protocol can do much more than just AMM/swaps, unlike Balancer or Uniswap which are not optimized for additional DeFi products.

We will instead name our products accordingly – Monoswap, Monolend, Monotrade (derivatives).

Monoswap will be our first product on MonoX.

Q8 from Telegram user @KhaleesiTheCryptoLady

What kind of derivatives products you can offer in MonoSwap? How much is the cost for every completed transaction?

Ruyi Ren: Good question. We’ll offer futures and options (call and put) as a start.

The transaction cost and gas fees are estimated  to be about the same as a direct pair transaction on uniswap.

Q9 from Telegram user @alptradaer

If for the listing of the token the project just need its own token, how can they set the inicial value of the coin on Monoswap platform?

Hugh: They set the initial price however someone needs to buy at that price in order for vUSD to back the asset. The vUSD balance starts at 0, if someone purchses 500 of Token A and the price it was set, then the pool is backed by the equivalent vUSD once bought. However in trustless listing pools the vUSD balance cant go below 0.

Q10 from Telegram user @didikpluss

Yield Farming and Liqiudity Mining, what do you think?  What about your Liquidity Mining Program sir?

What can we expect from this project in the short term at some point in 2021, and in the long term of course?

Ruyi Ren:

Ours is different from most liquidity mining programs. We are in for the long game. MONO rewards are issued every 6,000 blocks and first issuance is 420,000 with a decay of .999. This means that the reward is consistent and it’ll last a long time. In fact, After 1,500 days (about 4+ years), only about 80% of the MONO rewards will be released (see chart)

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/MonoXAnnouncement

Twitter:https://twitter.com/MonoXFinance

Websites: https://monox.finance

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from GamerHash. The AMA took place on April 1 and our guests were Artur GamerHash (CMO and Co-founder) and Adasko.

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.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Andrés M. | Satoshi Club: Good day beloved community, I’m glad to introduce you our guests today @Xar00 and @adasko.

Artur GamerHash: Pleasure to be here guys, looking forward for our AMA. We saw great energy on our Twitter when we announced AMA here

adasko: Same here, lets the fun begin.

Andrés M. | Satoshi Club: Let’s have it, how is going your day guys?

Gold Rocket | Satoshi Club: I saw on your Twitter everyone is really looking forward to this AMA.

Artur GamerHash: My name is Artur, I’m CMO and cofounder of GamerHash. about by background – over last 15 years I managed digital teams in one of the top Swiss corporations in Zurich, with a team of over 50 people.

The crypto journey for me started 3 years ago when I traveled to Zug when Vitalik was running an Ethereum ICO there – I just felt this new energy, and I was totally in. I cofounded few blockchain projects in Poland but actually GamerHash is taking 120% of my time. It’s really great one. I’m Oxford BlockChain Program Alumni with a broad network in UK, Switzerland and Poland. Shortly about me.

Gold Rocket | Satoshi Club: What is the essence of your project? How long does it take to develop a project? What plans do you have for the future? And what can we expect from GamerHash?

Artur GamerHash: just imagine self-financing super computer – build on the computers of gamers.

Andrés M. | Satoshi Club: That sounds so good to be true.So, please tell us how achieve it.

Artur GamerHash: As mentioned – GamerHash in a nutshell is a self-financing supercomputer. We direct the idle CPU & GPU of gamers to mine crypto. Gamers install our application on PC and our system is calculating real-time, which two out of twelve cryptocurrencies should be mined. There is always one crypto mined on CPU and one on GPU.

How profitable is it for the user? Currently, the average gaming PC mine monthly $70 to $80, and we don’t calculate 24/7 usage – just when the computer is idle (on average). We can be trusted as GamerHash is already 3 years old and has more than 550.000 users!

So to conclude – You install our app, and our secret source does ale the calculation what is the best crypto to mine for your PC, real time, no mining know how is required.

Andrés M. | Satoshi Club: How much RAM power it consumes?

Artur GamerHash: Mining happen on CPU & GPU, tokens/coins protocols describe which crypto can be mined on which. we never overclock your machine – to keep the temperature and noise level low.

Andrés M. | Satoshi Club: So, are you only focused on users with PC gamer?

Artur GamerHash: so its an app which work in the background and give daily income.

For now, yes, but already we are preparing Max version, we are researching M1 CPU possibilities. In the long run I see GamerHash on consoles – like crypto console ATARI. And in few years’ time also on mobile phones but for now mobiles without GPU are too weak.

Andrés M. | Satoshi Club: With the same monthly income?

Artur GamerHash: for sure not, to evaluate monthly income we calculate crypto prices, hashrate and many different KPIs. For now, it’s hard to evaluate how mining will be profitable in future.

I’m very proud of my team, as together we managed to acquire first EU crypto license for our $GHX GamerCoin. we worked hard with Maltese regulator – MFSA, and we are first fully regulated project working in the EU. it’s really smth that differentiate us on the market and provide security to our private sale investors.

Q1 from Telegram User @Andrey_Seleznov

You mention earning while playing games or watching movies. What is the process, do users need to play specific games through your client or any game and just keep the mining client in background? How do you make sure mining will not adversely affect performance and drop fps to 0? Thank you?

Artur GamerHash: very good question Andrey, and I will be able to touch base our Play & Earn module. with the mining – we do have access to all motherboard KPIs and we are able to choose precisely level to which PC can work without being loud and mess the performance. We do have 3 years in experience in setting this up – we are fully safe solution, about the Play&Earn –

This is solution which we propose to low-end computer which are to week to mine crypto – like laptops f.ex. The way it works is that our gamer sees number of games in which they can play to earn money like. f.ex. famous World of Tanks – if gamer will play the game and will achieve the targets that we show for each game he will get paid. for each country we have different set of games, as each game dev studio have different targets with user acquisition. hope it’s clear now.

Q2 from Telegram User @Pratze

As written in your whitepaper, there will be tokens monthly that will be shared among gamers participating on the platform. How is the way GamerHash share the token? Is it through airdrop & bounty activity or you just drop it randomly to participant?

Artur GamerHash: On the daily basis we have tens of thousands mining PC on our platform, on the first day of the month we do unlock GHX bonus budget for miners, its 10.000$ in GHX for month. So for each X daily BTC income users get 20%X in GHX. When the 10kUSD finishes the bonus is stopped and miners function without bonus, so actually we can say that $GHX is the first ERC-20 token that can be mined.

Andrés M. | Satoshi Club: That’s the Gamercoin, right? Which are the use cases or main benefits for holders?

Artur GamerHash: yeap, exactly – we are already at CMC, without being listed https://coinmarketcap.com/currencies/gamercoin/   thanks to our great community.

Artur GamerHash: our GamerCoin is native token of GamerHash platform gamers can use it for following:

• Ordering products from GamerHash Store with additional bonus.
• Access to dedicated competitions / events for GHX hodlers.
• Hodling and owning GHX tokens would allow to receive bonuses in GamerHash ecosystem, e.g. daily bonuses (rewards, additional rebates, also we are working now on staking.

Gold Rocket | Satoshi Club: Does community activity affect the final product?

Artur GamerHash: For now, we don’t have DAO or governance token – it’s in the pipeline. gaming community love these things, we are really lucky to work with gamers, as CZ mentioned once in his twit – Adoption of crypto will come through gaming. No one is prepared to understand physical value of digital assets like gamers, they’re paying for sword in WoW or other games for long time already.

Q3 Telegram User @JuanSB07

In 2017 the $ GHX private sale was a great success with a “Hard Cap” of ($2.8 M). But you mention that not only this sale brings success, but also the legal issues. So, could you explain me how GamerHash managed to leverage these funds? Were they used for the development of the project and community? And speaking a little bit about the legal issues, did you have any problems, since you mention it a lot in your medium?

Artur GamerHash: Our legal procedure with Maltese MFSA was not easy, probably you guys remember that companies like Binance or okex were running away from Malta after not meeting requirements, for us it was very exhausting but it the end now the success taste better, probably we are the smallest company that managed that and definitely first the will list its token soon, that’s why I mentioned in the beginning that I’m really proud of our team.

What it has complicated?

1. much more procedures with AML/ KYC, but it secures our investors better, we have Maltese agent who is checking are we delivering our promises from the roadmap.

2. we couldn’t do public sale. in our license allowed was only private sale and listing. Luckily we were oversubscribed in private sale and reached hard cap. otherwise we would have to burn some tokens before the listing.

Gold Rocket | Satoshi Club: Do your users need to pass KYC?

Artur GamerHash: In private sale they had. mining have different rules, depending on the levels of cashouts.

Andrés M. | Satoshi Club: privacy and security is an important topic for gamers, so has been your project audited or is it in process to be?

Artur GamerHash: it definitely has, when we were applying for crypto license we were audited by gov. security company on Malta, our apps, procedures, wallets approach & smart contracted were revised in technical audit. It was >200 pages and we passed that of course, as it was necessary to acquire the license. Now on quarterly basis we are being checked by them.

https://play.google.com/store/apps/details?id=com.gamerhash.app

iOS – https://apple.co/2VxLMcE

Q4 from Telegram User @victorogb

One major drawback to achieving a full user experience on most gaming platforms is ultimately the constraint of user geographical location. I was particularly taken back knowing I just couldn’t enjoy these amazing service because of my current location. How will GamerHash address this and what are your geographical expansion plans for your services over the coming months and maybe years, and do some of your unique gaming products and service vary with countries and regions?

Artur GamerHash: cool question, thanks, mining possibilities of GamerHash are not limited to any localization, just today we were twitting that in last month we have users from 168 countries.

limited offer is for Pley&Earn – over here as I mentioned already for each country we have different contracts with game-dev studios, we are working now to have coverage in our main markets with top games like World of Tanks or Game of Thrones, that’s it Victor, thanks for the question!

Andrés M. | Satoshi Club: Great answer, btw, which other games do you have in plans?

Artur GamerHash: we are specially working with top crypto games, we are partner in Blockchain Game Alliance with companies like Sandbox, Enjin, Atari, Decentraland or Animoca Brands, we want to bring education to our gamers with decentralized gaming concepts, this year will be full of them but cannot disclose details yet.

Andrés M. | Satoshi Club: Come on, any Easter egg for our community?

Artur GamerHash: we have nice parcels in few decentralised metaverses, speaking about the Easter – really nearby.

Andrés M. | Satoshi Club: And what about NFTs, do you have in plans some?

Artur GamerHash: yeap, we were working on them before it was cool, already last year in conference in Miami we were saying the its the next big thing after defi, people were laughing, but well, we are building P2P NFTs marketplace within our ecosystem. We see that there is number of great NFT protocol and concept but real life gamers don’t have the clue, we want to be bridge here, connect technologies with gamers via education on our platform. We will become Amazon of NFTs in 2-3 years’ time.

Q5 from Telegram User @Derazy

 Gamerhash promote gaming generation while playing games for crypto using PC. That is interesting because people mostly only playing games without knowing they can mine while playing. Taking consideration on this PC game, we know that gaming requires minimum standard specification on PC/Laptop. In that case, is there minimum PC/Laptop specification for Gamerhash? Is it high space requirement?

Artur GamerHash: good one, lets dig into details, laptops are not perfect for mining – I do mean general mining, not only with us, its connected with the fact that laptops have integrated GPU – graphic cards, it’s not good match.

So minimum I would say its classic PC with normal graphic card, on average now gamers earn 70-80 monthly, but also – to show to scope – we have top notch gaming PC in the office. with components very hard to get, it earns 700-800$ monthly, it will break even in 7-8months.

Q6 from Telegram User @AmirJosh

Do the GamerHash mobile app contains all the functions when using GamerHash on PCs / laptop? And do your app work with all kinds of mobile phones?

Artur GamerHash: Our app works with all mobile phones on iOS & Android, it now allowing mining but its showing & monitoring devices, so while being in school or work u can guys check is the device earning or not, also it allows to keep crypto as a wallet and do purchase in our store, btw. our store allows to buy via crypto >600 digital products, like Netflix, Spotify or amazon coupon cards with us You can passively earn and then pay Your monthly services bills.

Andrés M. | Satoshi Club: What kind of products we can find in the store?

Artur GamerHash: Also we do have games and games keys, everything that gamers need and there is much moooore to come like I said we have perfect timing surprisingly COVID situation helped us a lot soon we will have our first listing. Hope I see lot of You guys on our telegram – https://t.me/GamerHashOfficial & twitter https://twitter.com/GamerHashCom

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram User @cryptonation2

Adoption and awareness of project is essential for a global project but for non-English speakers do you have any plan?

Adasko: Hey, firstly we started in Poland after reach more than 50k of users in really quick time decided to go worldwide – for now focusing mostly to involve Asian community so I Can say we already trying to involve non-English speakers because we believe that community is key to scale our success.

Q2 from Telegram User @Xusuo

GamerHash makes user possible to create money only by install application and let the computer mining, is there any specification for PC so your mine program can run smoothly? If I turn on my PC 24/7, how profitable for me?

Adasko: Hey, so our user friendly app make possible to earn money from your computing power – if you want to know exactly amount of money check our refresh  profitability calculator on our website https://gamerhash.com/en/calculator.

Q3 from Telegram User @Airborne19

I see in white paper that there will be a MONTHLY TOKEN DISTRIBUTION to all users…what is the conditions to be concerned by the airdrop?

Adasko: So as Artur already mention, in the beginning of every month we open a cap of 10.000$ in GHX for our users as an additional bonus to their incomes – first come, first served, so all of our users can become a GHX owners, also in Q2 we will add to our Play&Earn module bonuses in GHX too.

Q4 from Telegram User @smelekin

What are you bringing to the world with mining?

Adasko: That’s good one 🙂 We are bringing community of more than half millions of gamers who has great PC’s and now they are able to share the computing power and has income from it, they can exchange their crypto which they earned with us to digital goodies or coupons for your local grocery shop etc. – we call its mass adoption.

Q5 from Telegram User @boradam

I didn’t see any NFT support on the website. Don’t you like NFT’s too? Will GamerHash support NFT in the future?

Adasko: Hey, yes predict that NFT’s will be new trend when we were part of MIAMI blockchain week! We want to be p2p marketplace for NFT till the end the year so if you are NFTs lover (we all, right?) just follow us.

Q6 from Telegram User @ubuntucoder

For which operating systems did you build the software for? Can I use it on my Linux?

Adasko: for now, its Windows only, Linux & MacOS in preparations.

Q7 from Telegram User @csgonub

What is your favorite game?

Adasko: Well – its CS:GO 🙂 our advisor is NEO, known from famous Virtus Pro & FAZE, he is helping us in Asia.

Q8 from Telegram User @cryptofollower

You said you are controlling the computer when it is idle. Is it possible for us to run the mining software even while we are using the computer for daily stuff like surfing?

Adasko: Hi, great question – yes, meanwhile watching Netflix, YouTube or simple surfing you are able to do this and mine same time 🙂

Artur GamerHash: Exactly – seeing Netflix or YouTube usually takes up to 15% if available computing power, in this way we allocating electricity loss and are ecological mining. We don’t advise to keep PC up and running 24/7 – GamerHash works in the background while you guys do other stuff.

Q9 from Telegram User @nadee5

$GHX is not listed yet… Where will it be listed first? How can I buy $GHX?

Artur GamerHash: I kept this questions for the end. We will be listed in coming month – we are aiming in top tier exchanges as we are fully operational business with 500k gaming community. Check our channels for details – it’s coming.

Q10 from Telegram User @Jhon300896

Do I have to leave the computer running while mining is in progress to get monthly income?

Artur GamerHash: We advise to mine when computer is idle anyways – on daily usage- Gamers have their computer switched on 24/7 so their perfect partners for us.

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PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about GAMERHASH. 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:

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

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners: GamerHash Official: https://t.me/GamerHashOfficial