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Part 3: 1700$ – A quiz about Diamond Hands Finance
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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 MultiPlay and our guest was @Mtpanddev lead developer of MultiPlay. The AMA took place on 27 March.
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 MultiPlay! Welcome
to Satoshi Club😀
D.
| Satoshi Club: our
today’s guest – @Mtpanddev ! welcome to Satoshi Club! 👋
Multiplay
Team: Thank
you for having me
Warm
Greetings to everyone in the chat room
D.
| Satoshi Club: thank
you! good to have you here!
Mary
| Satoshi Club: Hello
once again! Happy to see you here!
Let’s
start our AMA 🚀
Multiplay
Team: Ready
Mary
| Satoshi Club: @Mtpanddev
usually we start with intro😀 so, please introduce yourself and tell us
more about MultiPlay🚀
D.
| Satoshi Club: and
maybe you can even share with us some news about MultiPlay? 😉
Multiplay
Team: Okay..
I
am Johnson lead developer multiplay.
Multiplay
team is a dynamic and experienced team of 5 ambitious team members aiming to take multiplay to the
ends of the Earth and secure the adoption of every crypto user.
Multiplay
is a block chain gaming platform driven by creativity and technology to unlock
the true potentials of online gamers.
D.
| Satoshi Club: so
it’s platform for gamers?
Multiplay
Team: Not
much in the news about multiplay for now.
Products
are currently working and on the website.
www.multiplays.net.
Ready
for gamers to go check them out
Mary
| Satoshi Club: Could
you tell us when did you start MultiPlay platform development?😀
Multiplay
Team: Yes.
But
there are some folks who may not like gaming.
We
still got them covered.
We
also got the investors cycle.
Multiplay
idea was born in the basement.
Development
officially begun the last quarter of 2020
D.
| Satoshi Club: as
i see i have to download games to try them..is it safe?
Multiplay
Team: Sure.
For
both PC, Android and iOS users.
A
lot of folks has been playing and challenging their colleagues
Mary
| Satoshi Club: You
work fast!
Multiplay
Team: Worthy
of note is the fact that multiplay is a game changer in the blockchain gaming
industry.
We
brought in the Multiplayer game set up.
Mary
| Satoshi Club: We
like gamechangers😍
Multiplay
Team: A
whole lot of folks get bored playing blockchain games with the Ai
Well
it’s all over.
You
can now challenge your friends, take a bet and still earn tokens while playing
❤️
Mary
| Satoshi Club: All
you told us are really exciting 👍 thank you for your great
introduction 👏
Multiplay
Team: Thank
you for the juicy questions
D.
| Satoshi Club: yes,
thank you for the intro! let’s dive into the questions from our community?
Multiplay
Team: Okay.
D.
| Satoshi Club: let’s
begin!
Q1
from Telegram user @JuanSB07
I
understand that Multiplay is a platform where you can play for profit through
its native MTP token. But for new users to start playing, they would simply
need to buy a certain amount of MTP tokens and pay for the contest with these
tokens ? By participating and winning one of these games the winning user will
get the amount of tokens that the other player used to enter the contest? Or
does the winner simply get a “bonus” (prize)?
Multiplay
Team: Lovely
question.
Yes
we got a native MTP token essential for users to acquire.
You
will need to sign up, connect your wallet, acquire tokens and after which you can
access games.
The
tokens are primarily for multiplayer challenges.
Multiplay
Team: When
you want to take on a friend, colleagues or family member in a duel you will
need the tokens.
Mary
| Satoshi Club: I
will be able to buy tokens directly from your app?
Multiplay
Team: Token
holders will have regular tournaments been organized for them with great
rewards to cart away for winners.
For
now no.
That’s
part of the upgrades we are looking forward to.
Tokens
can be acquired when presale begins on the 29th and after wards on pancakeswap
Mary
| Satoshi Club: Gotcha
👍
Multiplay
Team: Non
token holders are also not excluded from the multiplay family as we will also
organize occasional tournaments for them
Mary
| Satoshi Club: Everything
is well thought out!👍
Multiplay
Team: For
those who wants to challenge a friend sure there will be an entry fee.
And
bets will also be handled on the blockchain platform to ensure cheats aren’t a
part.
D.
| Satoshi Club: where
will presale take place? on your site?
Multiplay
Team: The
winner of the bets earns the pool less a 10% burn
Presale
will hold on predictz.io our partners.
Predictz
NFT holders and top 100holders are eligible to private sale
D.
| Satoshi Club: i
see they have a good partners 👍
Multiplay
Team: 😊😁
Mary
| Satoshi Club: Thank
you for your answers! Ready to proceed 😀?
Multiplay
Team: Yes.
Q2
from Telegram user @jonathanjgt
What
are the reasons why MTP has decided to focus on sports and games such as Ludo,
cheese, scrabble and others? Did they do it just because there is a large user
base of board game fans? Or are there other features they based on such as
simple entertainment or passion for these games?
Multiplay
Team: Okay.
We
chose to focus on these areas for a start because of the entertainment it
offers
We
will be covering a whole lot of areas as we progress.
In
development currently is our shooting games that will aid the utilization and
Acquisition of NFTs and other in-game assets
D.
| Satoshi Club: so
NFTs will take a huge place on your
platfrom?
Mary
| Satoshi Club: How
many players do you expect in the nearest future? I mean do you have any goals
about players amount?
Multiplay
Team: Yes.
NFTs
is part of the mainstays of multiplay.
Only
a 100 NFTs will ever be created
Multiplay
Team: For
a start we are looking at 50,000 players.
And
we are targeting as much as 98% of gamers worldwide.
D.
| Satoshi Club: will
those NFTs have any other functions expect the collectibles?
Mary
| Satoshi Club: Nice
targets 🚀
Multiplay
Team: Yes
they will
NFTs
as we know are non fungible tokens.
We
aim to run a decentralized system where NFT holders , MTP stakers and top MTP
holders will have voting rights in the governance of the multiplay community.
Of
course they will have a share in the profits.
D.
| Satoshi Club: very
cool 👍 thank you for answers!
Multiplay
Team: The
total revenue from the multiplay gaming platform is shared in this format.
50%
for NFT holders
40%
for stakers
10%
burnt
Thank
you.
Mary
| Satoshi Club:NFT
holders will get a lot👍
Thank
you for your answers! Ready to jump to the next question?
Multiplay
Team: Yes.
And
it’s just limited to 100 smart investors.
Sure.
Let’s
have it.
Q3
from Telegram user @cryptofollower
Blockchain
is preventing the data tampering, which is great for multi-player games but
sometimes it can be slow. As speed is really important feature that a game must
have, how did you solve the speed problem on Multiplay?
Multiplay
Team: Alright.
Yes
we know that sometimes the blockchain platform becomes quite slow.
And
hence to boost speed high fees are required.
D.
| Satoshi Club: that’s
right
Multiplay
Team: That
is why we opted to launch on BSC instead of Etherum
To
save users the pain of high gas fees.
Now
this decision does not totally exclude the Etherum blockchain gamers as we have
a goal to incorporate 98% of the gaming community
D.
| Satoshi Club: are
there similar gaming projects on BSC? or you will be one of the first there,
with your ideas?
Multiplay
Team: We
still have some partnerships with gas tokens to ease these when we go live on
Etherum blockchain
Mary
| Satoshi Club: What
about another blockchains? As i know game apps are very popular on Tron
blockchain.
Multiplay
Team: I
think we are the first with The idea on multiplayer
Multiplay
Team: We
are starting out on BSC, ETH will be next and afterwards we can look at others
D.
| Satoshi Club: partnership
with Ethanol? 😉
Multiplay
Team: Not
really.
We
may consider them through.
Currently
we have partnership with FTEX.
D.
| Satoshi Club: gotcha
thank
you for answers! we you are ready we can proceed to the next question?
Multiplay
Team: Yes
I am
Q4
from Telegram user @surendra040
Multiplay
old Telegram was hacked . Was it an insider job or how could a hacking of
telegram would benefit hacker? But unfortunately, big questions can be raised
on Multiplay team professionalism and security measures . What security
measures will be applied for the future to make Multiplay secured?
Multiplay
Team: It
wasnt an inside job friends the unity of the team is superb
Was
a sad one for the team as our partner devs TG account was compromised.
TG
security got it’s questions though but that not withstanding, the team has
decided not to rely on only our TG community hence she will be incorporating
other chat rooms in future plans.
It’s
worthy of note that despite the hack on our TG, we still have a 100% secure
platform so gamers and investors need not be bothered.
We
also have an active Twitter handle and will the incorporating a medium handle
soon.
D.
| Satoshi Club: got
it! yeah, Medium would be a good thing, with all information about platform 👌
Mary
| Satoshi Club: Hope
it will not repeat with any of us! Scammers don’t sleep
Multiplay
Team: Multiplay
is built on webGl. A program with very good security structures and we are
launching on BSC, we all know how secure it is.
Mary
| Satoshi Club: Did
you make any audits?
Multiplay
Team: Not
at all.
It
was a wake up call to the team.
Hence
such situations will never repeat it self.
We
keep wondering why us when we haven’t even launched officially…
Someone
has seen the potentials of multiplay already….
Mary
| Satoshi Club: Yes,
even sad situations have bright sides😀
Multiplay
Team: Yes.
The
token contract audit is the first and is currently in progress by Techrate.org
Results
will be out next week.
After
which the Game audit will commence to ensure all mediums for cheaters are
debugged
Mary
| Satoshi Club: That’s
awesome! We will wait for the results!
Thank
you for your answers! Ready for the next question?
Multiplay
Team: Sure.
Alright
Q5
from Telegram user @belkysgonzalez
Some
gaming platforms have a weekly or monthly competition to reward players based
on their performance. Will you have something like this? Like giving special
rewards for the most outstanding players of the week or the ones who achieve
more milestones in that time?
Multiplay
Team: Yes.
We have such intentions.
We
will be organizing tournaments to harness the skills of gamers on the multiplay
network.
Currently
we are integrating blockchain into all our products.
The
goal for now is to ensure all products are working optimally
D.
| Satoshi Club: what
will be the rewards for users of your platform? will it be NFT or tokens?
Multiplay
Team: We
have in development the Multiplay Modern warfare
A
game capturing civil wars scenes with an in-game assets market with a projected
worth of over 500,000 USD.
D.
| Satoshi Club: wow,
this is cool
Multiplay
Team: Users
will be rewarded in MTP as well as other tradable in-game assets.
Mary
| Satoshi Club: So,
we can expect surprises😉
Multiplay
Team: Yes
we should
There
should always be an element of surprise in every gaming platform
Mary
| Satoshi Club: Fantastic
🔥
Thank you for your answers! And just one 6th question left for this part🚀 ready for it?
Multiplay
Team:Sure
I am
Q6
from Telegram user @GuisellaLily
With
the MTP coin, is staking possible, if so, how long would the cryptocurrency
remain locked and what interest rate would be applied to earn profits?
Multiplay
Team: Yes
on launch the staking platform goes live…
Staking
of MTP token attracts 100% APY.
Minimum
staking period will be 2years
D.
| Satoshi Club: btw
as you mentioned earlier 10% of tokens will be burned? if im not mistaken?
could you tell us about your burning function as well?
Mary
| Satoshi Club: Minimum
2 years? And this tokens will be locked for two years?
Multiplay
Team: Yes
looks like a long time, but not really a long time considering the fact that in
the next two years multiplay should be the most widely adopted gaming platform.
That
will culminate in huge rewards for stakers.
Other
incentives are also in place
Mary
| Satoshi Club: Will
be min/max amount to stake?
Multiplay
Team: Yes.
Token burn is essentially to decrease the circulating token and aid to
stabilize token price.
For
now that hasn’t been released. We will do so before presale.
Mary
| Satoshi Club: Got
it! We will stay tuned 🙂
Multiplay
Team: Sure.
Mary
| Satoshi Club: So,
we came close to the live part🚀
D.
| Satoshi Club: @Mtpanddev
big thank you for answers in part 1! we will open chat for 2 minutes, after
chat will be closed – you can start select questions from Satoshi Сlub members!
Mary
| Satoshi Club: @Mtpanddev
ready to open the gates?😀
Multiplay
Team:Okay
Mary
| Satoshi Club:Let’s
go 🚀
Part 2 —
live questions from the Telegram community
Multiplay, as its name says, seeks to be a
platform for multiple opponents and friends in a simplified way using the
advantages of blockchain, in that case, how can our friends connect to the
platform? Is there a link for social networks or email to invite our contacts
to the game room?
Multiplay Team: Once
you get connected with your wallet on the game, you can invite your friends by
sharing your username which you used in creating the room.
Q2 from Telegram user @Raisbelys
Talking
about burning your native MTP token they say it will burn the deflationary 20%
of the MTP used as transaction fees. But what will be the total transaction and
withdrawal fee that users have to cover? Would it really be profitable to constantly
use the MTP token to play?
Multiplay Team: Withdrawal
Transaction attracts a 10% fee.
Yes it will. As we progress we will integrate other
tokens if need be
Q3 from Telegram user @jobel4
Do you offer free game or trial game in
any any game in your app so that people will be able to practice and try the
Multiplay game for free without spending money? If not yet, do you plan to add
this feature in the future? Thank you
@Mtpanddev
Multiplay Team: Yes
for now you can try our games without having to pay fees
Subsequently learner’s can try the games individually
for free before going to Multiplayer mode which will attract fees
The Modern warfare will have a tutorial mode though
Q4 from Telegram user @Izamg
I’m interested to know more about your
NFTs. Can you explain further about the utilities of these NFTs within your
platform? Are they meant to be held as simple collectibles or will they have
additional benefits? Also, will you have your own marketplace to sell and buy
the MultiPlay NFTs? @Mtpanddev
Multiplay Team: Yes
they will have additional benefits like I made mention of in the 1st session,
The marketplace for the NFT will be unvieled soon.
Q5 from Telegram user @Rosemary Bianco
In
Multiplay “Staking” they say that the participation contract allows
users who are in MTP to receive 100% APY. My question is, is this participation
reward for all MTP holders or is there a place within Multiplay where MTPs will
be allowed to be blocked, could you please explain? And to do this respective
“staking” where can I exchange the MTP token?
Multiplay Team: Once
MTPs are staked it automatically moves to the staking pool. Hence no longer in
your wallet.
Pancakeswap will be a good exchange for your MTP more
exchanges will be adopted as we progress
Q6 from Telegram user @mctrho
Players can rank up and get more prestige
and level according to the number of wins and milestones met? Also, does MultiPlay have a matching
mechanism according to the level and rank of the players? @Mtpanddev
Multiplay Team: Yes
there will be a ranking portal
Where gamers can check their rankings according to
skill level. Of course rewards will be involved
Q7 from Telegram user @mctrho
If I am not mistaken, the smart contracts
adopted to MultiPlay are the ones that distribute the prizes to the winners and
the transaction fees to the network operators, how prone to errors or failures
are the MultiPlay smart contracts? Are
they safe and reliable? @Mtpanddev
Multiplay Team: Yes
they are.
It is currently been audited and next week results
will be out.
Q8 from Telegram user @belkysgonzalez
It is important for users to know that all
games and competitions are fair, so how do you ensure that? Are all aspects of
the games, such as results and winners, completely transparent for anyone to
corroborate?
Multiplay Team: The
audit of games will commence right after the token contract audit.
Developers as well as users will not be able to
manipulate as all games has been debugged and free from cheats
The results will speak for us.
Q9 from Telegram user @Abparveez
Where can I find the tokenomics and presale
price of MTP?
Multiplay Team: In
our white paper you can find the tokenomics.
Presale price details are pinned on our TG
@multiplaygame
Q10 from Telegram user @highpee
Why do we have to LOCK our asset and stake
for 2 years? Do you think users will be able to have this kind of PATIENCE? Is
it after these two years that stakers will start to receive their 40% fee
reward or this will be distributed while the asset is still being locked in
your smart contract?
Multiplay Team: Currently
the team is looking at reducing the staking period before presale and launch of
the staking platform.
Please more details on the staking platform will be
released as we progress.
Follow our Twitter handle @mtptokens and TG for more
information
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:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. GAMEE Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about GAMEE
For more details:
GAMEE – @gameetoken
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. PhoenixDAO Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about PhoenixDAO
For more details:
PhoenixDAO – @PHNXDAO
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 Colony. The AMA took place on March 25th, 2021 and our guest was @jackdurose.
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
D. Папа Роуч: good day Satoshi Club! 👋 we are starting AMA with Colony!
Маry Satoshi CLUB: Hello Satoshi Club! We are happy to announce our AMA session with Colony! Welcome to Satoshi Club😀 @jackdurose welcome here 😀
D. Папа Роуч: @jackdurose hello! good to have you here!
Jack du Rose: It’s a pleasure to be here @madamlobster 😄
Маry Satoshi CLUB: Happy to see you here! How’s going?
Jack du Rose: All good excited to answer some questions! 😄
D. Папа Роуч: awesome! so let’s begin with intro then 😉
Маry Satoshi CLUB: And we have them! But first introduce yourself and tell us more about Colony😀
Jack du Rose: I’m Jack, the founder of Colony. I started the project actually even before Ethereum, and we presented our first demo of our first prototype at Ethereum Devcon 1. I think that was 2015. And before The DAO! So we’ve been working on the difficult challenge that is effective decentralised governance for a long time. And we think we’re the biggest and best out there. So that’s what Colony is all about. The ultimate DAO framework.
Маry Satoshi CLUB: Wow, so long time to develop! It should be perfect 😉
Jack du Rose: Indeed, we don’t expect it to be perfect, but we do expect it to be the best there is.
D. Папа Роуч: so all this time you have been working on Colony, since 2015?
Jack du Rose: That’s right. Colony is probably the largest solidity codebase of any dapp. It’s an absolute monster. And it’s also completely decentralised. We don’t think it’s acceptable for any organisation that would base their operations on our software, to be at risk of our ceasing to exist and the server they need to use dissapearing. So we’ve built Colony to be 100% decentralised. That means users can have confidence that Colony will always be there for them.
Маry Satoshi CLUB: With Colony this will never happen?
Jack du Rose: Exactly. So let me give you a bit more detail on what makes Colony so good.
D. Папа Роуч: yes, please!
Jack du Rose: If you’ve ever participated in a DAO, you probably think DAOs=Voting
D. Папа Роуч: yep
Маry Satoshi CLUB: Yes
Jack du Rose: And we think that’s precisely incorrect. Tell me, in any “real” organisation you’ve ever worked in, how much voting was there? Very little or none.
Маry Satoshi CLUB: No one
Jack du Rose: Instead people demonstrate their competence, and they earn authority to take actions up to the limit of the authority they’ve been given. if they absue that authority, then it gets removed. The whole point of organizations, and more specificaly companies, which is what most DAOs really are, is to reduce the transactions costs of the market mechanism for supply
D. Папа Роуч: agreed
Jack du Rose: if you’re always having to find suppliers, spec our what you want, negotiate contracts, manage deliver and compensation. it only works up to a certain point. at that point it becomes more expensive to coordinate supply via the market than just to have employees who are available all the time, and have agreed rates, and a detailed understanding of whats required. We call that “a company” Yet DAOs as we know them now dont do this. IIn principle, they HAVE to coordinate supply via the market
Маry Satoshi CLUB: It’s very complex, but definitely has sense
Jack du Rose: and yet they actually increase the transaction/coordination costs because they require everything to be voted on all the time. Colony doesn’t do that
Маry Satoshi CLUB: So, what Colony does?
Jack du Rose: instead, people can make proposals and as long as nobody objects, after a security delay, it will pass. If someone really does disagree, they can “Object” by staking against the proposal and only then will a vote take place an critically, both the ability to create and object to proposals, and to vote is weighted by Reputation in the organisation, not (usualy) based on tokens. so that means the people who have demonstrated they actually understand the thing being decided on have the ability to make things happen and because of that, decisions can happen efficiently, with a minimum of unneccesary voting. There’s a lot more to Colony than that though, but perhaps there are other directions you’d like to explore
Маry Satoshi CLUB: Very interesting 👍 Sure, i see that you have a lot of directions! And we have a some questions about this😀 From our community
Jack du Rose: hit me
Маry Satoshi CLUB: Let’s start part 1🚀 and thank you for your intro 👍
D. Папа Роуч: thank you for the great intro! let’s open the first part!
Q1 from Telegram user @h1drX
All of us who work with cryptocurrencies are aware
of the high fees that Ethereum is demanding on its blockchain, causing people
to stop using ETH. Why did you decide to create Colony on the Ethereum
blockchain? In what aspects of the project does the high rates affect? Are you
planning to adopt another blockchain soon?
Jack du Rose: We aren’t on Ethereum, we’re on xDai. Using Colony is not feasible on Mainnet. However, the EVM is the place to be for now. So we’re working to enable L2 governance (e.g. sidechains and rollups) with L1 execution.
Маry Satoshi CLUB: When do you plan Mainnet?
Jack du Rose: So if you’re a DeFi protocol on L1, you can do your governance on fast, cheap L2, and still see smart contract execution manifest on L1. We don’t plan to release on Ethereum mainnet until Ethereum scales. It’s not necessary for us to deploy there. In terms of other L1 chains, in my opinion there are really only a handful that are likely to be meaningful in the future. We get approached by a lot of them asking us to build on their platforms. but the most important thing to us is the ecosystem that exists on a chain and none of them are able to demonstrate anything meaningful there (other than Polkadot, Dfinity, Cosmos)
Маry Satoshi CLUB: Wait, do you mean L1 and L2 on ETH or xDai also has L1 and L2?
Jack du Rose: No, xDai is an L2 sidechain of Ethereum. Runs on a Delegated Proof of Stake chain
Маry Satoshi CLUB: Got it!
Jack du Rose: gas is always 1gwei and denominated in Dai. so transactions are suuuuuper cheap. for example to deploy a colony on Ethereum mainnet flucations in cost between areound $1500-$2500
D. Папа Роуч: wow, thank you for clarification! something new to me, i have never used xDai
Jack du Rose: to deploy on xDai always costs $0.0055. Half a cent!
Маry Satoshi CLUB: Really? I forget about such prices 😂
Jack du Rose: So on xDai $0.01 in gas money goes a really long way. About 30-50 tx depending on how big they are
Маry Satoshi CLUB: I payed 20$ for approval today😂 And it was L2 solution😂
D. Папа Роуч: yeah, tell me 😄😉
Jack du Rose: Wow, that’s a lot. What’s up next 😄
D. Папа Роуч: it was dydx alpha version. so ready for the next question? 😉.
Jack du Rose: hell yeah. hit me
Q2 from Telegram user @RosemaryBianco
Colony released their new version recently (Colony
v2), but they mentioned that it will be a “soft release”, which shows that it
is an early beta version, so there will be bugs and a variety of UX quirks. So,
as of today, you have already managed to solve several issues within this
version ? was this release a success ? Do you plan to release a new version
without existing bugs and quirks?
Jack du Rose: Ha! Well there will I think be bugs and quirks for a while as we’re aggressively shipping features rather than focussing on maintenance. we tend to prioritise moving forwards over tidying up and mainly fix the important bugs
Маry Satoshi CLUB: Very good strategy
Jack du Rose: thankfully there haven’t
been too many of those, and what there were we fixed easily.
But we’re
now constaly shipping. We release a new deployment roughly weekly.
Sometimes
it’s new features, sometimes it’s squishing bugs. We just don’t announce
it every time becuase frankly its boring. 😄
Маry Satoshi CLUB: Do you have any roadmap?
When do you plan to leave word ‘soft’ behind?
Jack du Rose: Sure do, and it’s 🔥 https://blog.colony.io/roadmap
Маry Satoshi CLUB: So many events this
year! You choose right time!
Jack du Rose: I think we’ll consider
it a hard(?!) release, when we roll pur our governance functionality in Q2.
D. Папа Роуч: thanks! that’s the most
informative roadmap i’ve ever seen 😁
Маry Satoshi CLUB: It’s near🔥
D. Папа Роуч: nice!
Jack du Rose: Yeah, we’re now in a
place where we’ve really done most of the difficult stuff that’s invisible to end
users but necessary to make the magic happen. Now we’re mainly focussed on
shipping UI to end users, and we’re doing that in such a way that the longer
we’re building the faster it will be for us to ship stuff.
D. Папа Роуч: awesome! thank you for
the answers! ready for the next question from the community?
Jack du Rose: Bring.It.On
Q3
from Telegram user @mctrho
If
I’m not mistaken, Colony has “update capability”, which will allow people to
use Colony without preventing themselves from using new features as they are
added to the network. This implementation works based on the “EtherRouter
contract” and the “Resolver contract”. Can you explain to us how these
contracts can work together?
Jack du Rose: Okay a deep technical
question. Let me pass this to my colleague and I’ll give you his response
shortly. Next
question please!
D. Папа Роуч: got it!
Маry Satoshi CLUB: Ok, we can go to the
next and then, when you will get response will go back to this
Q4
from Telegram User @yellowchamp
Can
you explain more about the Metacolony? How can anyone become part of
Metacolony? How does Metacolony connected with Colony? How does Metacolony
become essential and important to Colony ecosystem? What positive and negative
impact that Metacolony will bring to Colony network? Thank you
Jack du Rose: The Metacolony is the
colony that manages the colony network. Eventually, we as a
company will cease to exist, and all governance rights will be ceded to the
Metacolony. We
have outlined this process in detail in our technical whitepaper at
https://colony.io/whitepaper.pdf
Маry Satoshi CLUB: So, Colony won’t exist
in the future?
Jack du Rose: Anyone will be able to
join by doing something useful for the metacolony, like writing some code, or
helping with promotion. Colony
will exist, but Colony is the platform, no the company. And it will be governed
by the Metacolony.
Маry Satoshi CLUB: Gotcha 👍 Thank you, Jack!
Everything is clear for me
Jack du Rose: If you do something
useful for the Metacolony, then you’ll earn its native token, CLNY, and with it
you’ll earn an equal amount of reputation in the Metacolony, giving you the
ability to influence the activity of the Metacolony in the teams in which
you’ve contributed value. Owning
both CLNY and Reputation in the Metacolony will entitle you to claim a share of
Colony Network revenues
Маry Satoshi CLUB: If i will buy CLNY i
won’t get any reputation, right?
Jack du Rose: Correct, but you can use
that CLNY to stake in a Reputation Miner, to compute reputation updates for th
whole Colony Network. When you participate in this Reputation validation
process, you earn more CLNY and Reputation. And the more CLNY you
have, the greater the probability you’ll be able to validate Reputation.
I have an
answer to the EtherRouter question:
>
The EtherRouter contract is the code that is deployed at the Colony’s address.
It is a very simple contract that, for any transaction sent to it, it queries
the Resolver contract to find the location (contract address) of the function
that transaction is trying to call. It then executes the code it finds at that
address the Resolver provides. To update a colony’s version, the resolver used
is changed from one that knows where to find (for example) the v4
implementation of the functionality, to one that knows where to find the v5
implementation. In this way, the colony’s address stays the same (because the
EtherRouter code does not need to change) but the functionality can be upgraded
and added to.
D. Папа Роуч: thank you! i think all
techies in Satoshi Club are happy about this answer 👍
Маry Satoshi CLUB: Reputation which i will
get from staking can be compared with reputation from staking? I mean that if a
whales which want to influence decision making just will buy a big amount of
CLNY and stake it will they be equal to those who really did something for the
project?
Jack du Rose: Reputation is earned in
specific teams, so this reputation would be earned in the “Reputation
Mining” team. The proportion of the total CLNY which goes to mining is
also constrained and subject to the governance of the Metacolony which may
choose to increase or decrease that amount subject to the prevaling sentiment
about how such rewards should be compensated. So when you earn
reputation, you earn it in the specific team, and any parents of that team.
Let me grab
you a little diagram
Маry Satoshi CLUB: Sure!
Jack du Rose:
So,
if you do some frontend work, you earn reputation in frontend, and also in Dev,
and in Root. i.e. it sums up the org structure.
Маry Satoshi CLUB: I understand! Complex
system, as i told before 😀
Jack du Rose: but earning frontend
reputation, would not mean you have any authority in Backend decisions.
Organisations
are quite literally complex systems. that’s the academic field which
seeks to explain how organisations, and other forms of complex adaptive
systems, work. And
for clarity, that’s just an example org structure. It could be any set of teams,
they are not predetermined. And
the higher up the org you go, the more people and reputation there will be
Маry Satoshi CLUB: Thank you, Jack! Really
great answers!
Jack du Rose: so it’s not a
hierarchical organisation in the traditional sense in which the higher up the
hierarchy you go, the more power is concentrated in fewer people.
instead the
higher up the org you go, the more diffuse the power is among more people
Маry Satoshi CLUB: And it’s good! Btw, how
do you call this structure? Democracy?😀
Jack du Rose: Meritocracy.
I think
democracy is good for nations, not good for organisations.
The input
of some people is strictly more useful on specific topics than the input of others.
This is why
we don’t have accountants doing brain surgery and Colony tries to
reflect that reality via an entirely decentralised, pseudonymous, and bottom up
mechanism
Маry Satoshi CLUB: I see that more and more
people are supporters of such views😀
Jack du Rose: And I think we see it in
other DAOs too, that participation is very low in voting because most people
don’t have something useful to contribute about many detailed decisions.
so they’d
rather allow other people who do have an informed opinion, take the decision
Маry Satoshi CLUB: Fantastic! I really hope
this will work!
Q5
from Telegram user @Derazy
What
is Colony strategy that involving community? Does Colony teams create DAO’s
infrastructure themselves? How does it go so far?
Jack du Rose: Hmm okay I think I
understand the question. So
in terms of teams creating DAOs on Colony, for this soft launch we’re
onboarding people one by one. We call this the “white glove”
onboarding. We’ve
got hundreds of orgs queuing up to use colony, but we want to bring them aboard
slowly, understand what they want to do, and try to support them in a very
hands on way. We really want to help users succeed using Colony.
So far,
that’s going great.
Маry Satoshi CLUB: So even though you said
earlier that you focus on features, do you pay much attention to support?
Jack du Rose: Yes we’re there for our
users via Discord, but so far we haven’t had much need to provide support to
users. It seems to just work and they understand how to use it.
People seem
to find the UX very intuitive and love the speed and reliability of xDai.
Next?
D. Папа Роуч: thank you! the last
question from this part!
Q6
from Telegram user @KeymerS
It
is necessary for the company to make an evaluation involving planning,
production, marketing and I decide to use COLONY as an organizer, what steps
should I follow for your contract?
Jack du Rose: I don’t really
understand the question I’m afraid.
D. Папа Роуч: well, maybe this guy
meant that he wants to work with you?
what steps he should do for this? 😄
Jack du Rose: For now we do most of
the work ourselves, but that will change as we cede control gradually to the
Metacolony. When governance goes live we’ll start on this process and then it
will become easier for external people to contribute. In the shorter term,
we’re also soon rolling out a bounty program which will allow contributors to
contribute to a bounty colony, and earn a share of a CLNY distribution when the
token is released. I
think we’ll formally announce the details of that in the next couple of weeks
D. Папа Роуч: bounty program is always
nice 👍
Jack du Rose: it’s a pretty cool
program though because it has a mechanism whereby the more successful it is,
the more CLNY will go to the bounty hunters. We’ll announce this at
https://blog.colony.io and on twitter https://twitter.com/joincolony
Маry Satoshi CLUB: Satoshiclubbers! It’s your chance to participate in CLNY distribution 😉 Thank you for your answers, Jack!
Part 2 — live questions from the Telegram community
Q1 from Telegram User@JuanSB07
Within
the “Toolkit” or features of Colony I did not find anything about its
security and prevention of cyber-attacks or possible hacks. But I could see
that something that generates reliability is that Colony is built on Ethereum,
but is this enough? What is the security and hacks prevention system they use?
If their goal is to create organizations together, online. Is it not possible
for one of these organizations to be hacked ?
Jack
du Rose: Great
question.
One of the most important features of Colony is “Recovery mode”
Recovery mode is your colony’s panic button in case of
emergency. Freeze the colony. Fix the problem. Restart your colony via
multisig.
Q2 from Telegram User@h1drX
The
essential structure of the colony revolves around domains and the permissions
that accounts may have in them. Can you
explain a bit about domains and permissions?
What is the relationship between them?
What are the utilities of the six different permissions (recovery, root,
arbitration, architecture, funding, and administration)?
@jackdurose
Jack
du Rose:
Another
good question. Domains
== Teams. In
each team a member can be assigned permissions, if you want to operate your
organisation on a permissioned basis
In most decentralised organisations however, we expect these permissions to be assigned to smart contract “extensions” which modulate the prodigious power of these permissions, and allow users to take safe actions
Root:
permission allows the user (or contract) to take actions that affect special
funtions relevant to the whole colony. e.g. upgrading the colony network
version, or minting new tokens.
Administration:
Allows users to create and manage payments (but not fund them)
Architecture:
Allows users (or contracts) to create subteams, and set permissions in those
sub-teams
In
fact, why am i repeating all this, you can see it in the image
Q3 from Telegram UserJohnny
ℹ️🅿️
👋Hello Jack
Rather
than using a system that allow users to influence decisions based on weighted
value of the token contribution they hold with the colony platform, you will be
using a REPUTATION system. However, reputation is subjective and may be
difficult to measure. How do users earn Reputation and how are they determined?
@jackdurose
Jack
du Rose: Great
question. Absolutely,
reputation is subjective. And in fact most decisions an organisation needs to
take are subjective. But
also the most common thing an organisation does it to be directing funding
towards people, e.g. in salaries, bounties, etc, for work that someone does for
the organisation. This is the daily operational work that existing governance
frameworks are just completely useless at. So, when you get paid by a colony in
its native token, you are Reputation points on a 1:1 basis with the number of
tokens you receive. Tokens
can be transferrable, but Reputation is a non-transferrable attribute
associated with an account. And, importantly, it decays over time.
So, unlike
with token voting based DAOs. Reputation decay means the people who were there
at the beginning don’t always have all the influence. Instead, influence
reflects the contemporaneous contributions of its active community.
If you
don’t maintain your reputation by regularly contributing, you lose it relative
to those who are contributing.
Q4 from Telegram User@nadee5
🔴How
can you indroduce
colony simply to
invite any newbies
of crypto ?
Jack
du Rose: Colony
is: Organisations, for the internet. Colony makes it easy for people all
over the world to build organisations together online, without needing to know
or trust one another. Concretely,
Colony allows online communities to form, raise money, collectively manage funds,
and coordinate activity towards a common goal, without needing to know or trust
one another.
1.
The ability to structure an organization into departments or teams with their
own memberships.
2.
To manage a token treasury, and apply budgets to different teams and
initiatives.
3.
A variety of different kinds of payments, based on a flexible underlying
expenditure primitive.
4.
To assign authority to members according to a variety of conditions subject to
the individual circumstances of the organisation—including reputation earned
through consistently valuable contribution to the organisation.
5.
To raise funds via token sale, donation, or revenue.
6.
It will provide a number of different decision making mechanisms suitable for
different use cases and arbitrate disputes in case of disagreement.
7.
And the ability for a DAO to make arbitrary transactions with any other
contracts on the same chain. So if your DAO needs to govern another protocol,
or interact with DeFi, it will be able to do so.
Q5 from Telegram User @Xusuo
I read from your site that Colony’s first governance module lets colonies use new system “Lazy consensus”. Can you explain how does that consensus work for vote system? If possible pls also give with an example so we can understand better
Jack du Rose: Lazy consensus is not our own term. Indeed, many of the mechanisms in Colony are not ones we’ve dreamed up all on our own. Rather the system is informed by the succesful practices in place in many large organisations opperating according to the principles of Responsive or Agile Organisations. You can learn more about these things are https://responsive.org
Lazy consensus specifically, is a term we got from the Apache community, and we think it fits our mechanism pretty well. In all the conversations we’ve had about working DAOs currently, they all agree that consensus formation actually takes place off chain. The on chain vote really only ratifies a decision that is already know. Hence, most votes pass, as most people don’t create proposals they know will fail. So in Colony, rather than making people vote on things they already know will pass, in Colony when someone makes a proposal, if the community agrees, they do nothing at all. Hence “Lazy consensus”. If they do disagree, they can Object and force a vote.
Q6 from Telegram User@Guandog
According to your website, it says this:
“Workers can easily cash out to their bank.”
Do you currently have any kind of FIATS ramps inside Colony?
Jack du Rose: Yes this is definitely something we want to be able to do. We intend to integrate with a service provided by one of our investors called “Exchange API” that will allow users in supported jurisdictions, to back their earnings in supported tokens out to fiat in their bank accounts.
Q7 from Telegram User@topind7
Do you have any email newsletter I can sign up to
where I can always get mails about your latest news so as to be updated and be
in touch?
Jack du Rose:
Q8 from Telegram User@Abisola1
Where
can I buy your token?
Jack du Rose: We’re currently planning our Public token sale. We’re hoping to make it happen next month.
Q9 from Telegram User@ShaLiPon
You mention that soon you will be rolling out a bounty program which will allow contributors to contribute to a bounty colony, and earn a share of a CLNY distribution when the token is released. Allow us to know about that. Can you please inform satoshi clubers if that bounty begin?
@jackdurose
Jack du Rose: Absolutely. I am confident the team at Satoshi Club will help us inform you guys about this program.
Q10 from Telegram User@BlancaSdF
How do you plan to resolve the related issues in DISPUTES? Are you using or inspired by the KLEROS project for this feature?
Jack du Rose: Colony has its own dispute resolution mechanisms which allow disputes to be resolved internally. We don’t currently explicitly support external arbitration, but it is our intention to allow users to escalate disputes to an external third party if they are dissatisfied with the outcome internally.
Part 3 – Quiz Results
In the final part we tested your knowledge in terms of Colony. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from YellowRoad and our guest were @Mr_mRoad and @Mr_O_YellowRoad. The AMA took place on 25 March.
.
The
AMA session was divided into 3 parts with a total crypto reward pool of 500$
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 YellowRoad! Welcome to
Satoshi Club😀
We conclude our today’s AMA marathon series with
YellowRoad.
Hello and welcome to Satoshi Club, @Mr_mRoad and
@Mr_O_YellowRoad!
Mr. O: Hey all! Great to be
here
Mr. M: Hi everyone, great to be
here today. 💫
Gold Rocket | Satoshi Club: We are very glad
to conducting AMA with YellowRoad!😀
Let’s start!
Introduce youreself. How did you get to be involved in
crypto & YellowRoad?
Tell us please about yourself and your position in
YellowRoad.
What is the essence of your project?
Mr. O: Lets do it!
Yellow Road is a bright, unique, and engaging IDO
platform to empower the most innovative crypto projects by leveraging the power
of community. Yellow Road’s vision is to empower projects, people, ideas, and ethics. The
platform offers a range of funding solutions from smart auctions to community
building and engagement programs for new projects.
Our team includes 7 (and growing). All our founding
team members including developers, designers and marketers come from the crypto
industry and start-up nation. Each member has great experience of building
businesses, leading projects and running killer marketing plans. We also have
highly experienced advisors including Kha and Kal. We will soon announce two
more advisors who will add great value to our platform an
We built Yellow Road from our own experience from a
user, investor and business builders perspective which led us to develop an
high-end IDO platform that all players in the chain can benefit from.
Gold Rocket | Satoshi Club: Sounds very promising!
👍
Mary | Satoshi Club: We need such
projects in our space!
Mr. O: Yeah! We are working
very hard on it to be a successful project
Mr. M: Excellent question, so as
@Mr_O_YellowRoad, mentioned, our talented and experienced dev team works with
full focus to launch our platform as soon as possible, since I can say we are
in the final stages of Dev our platform, we have already started working on the
first IDOs projects to be launched on our platform! 🙂
Mary | Satoshi Club: That’s great! When
do you expect YellowRoad platform launch?
Mr. O: Thanks to our great
advisory board and the relationship we have from key players in the industry,
we succeeded to accelerate our development stage, business matters and
hopefully going to have a great launch very soon
The one million dollar question;)
Mary | Satoshi Club: [ 🤑 Sticker ]
Thank you, guys for your intro! We collected some
questions from our members for the first part😀
Are you ready for them?
Mr. M: Always 🙂
Mr. O: Bring it on
Q1 from Telegram User @Arisabela
One of the most important things for a project to gain
the credibility of the community is to have a fair and equal sale of its
tokens. In fact, Yellow Road aims to be community-backed, how do you offer fair
launch a sales to the community?
Mr. O: Great question. We
cannot answer that directly because IDO terms are still not finalized, still, I
will try to explain our plan briefly. Yellow Road will manage its IDO on a
renowned IDO platform in order to gain maximum traction and awareness for the
project. This will assist us to built a great community in the future.
Since the initial market cap is relatively small
($190K), the raise amount is also considerably small, but sufficient (~500K).
Therefore, we cherry picked our Seed and Strategic investors. Only the selected
investors will contribute to the project. And we have limited their allocation
to avoid any dumps and control their ability to impact the price right after
listing.
For the Public rounds, we allocate $70,000, which can
be obtained by participating in the IDO process that we will announce very
soon. I can say that we are going to give a fair participation opportunity to
each user who will be registered in the whitelist.
Mary | Satoshi Club: So, no whales?😉
Mr. M: No 🙂
Mary | Satoshi Club:Btw, can you
disclose the price for each round?
Mary | Satoshi Club:Yes, everything is
clear! It’s really fair👍
Gold Rocket | Satoshi Club: Thank you very much
for the answer and sharing! do you want to add something or are you ready to
proceed to the next question?
Mr. O: We are ready for the
next one
Q2 from Telegram user @magnatech_ve
What is YellowRoad’s position in the face of the
recent attacks that the BSC network has had in recent days? And what plans do
you have to improve and provide unwavering security?
Mr. O: Yellow Road’s smart
contracts were tested several times through real life stress tests. In
addition, we are also starting our audit process with a well-known audit firm.
We will soon announce the name of the firm auditing our contract.
We truly consider security as our top priority, and we
will use all the resources to protect our community . Our technology has
several layers of security, mostly in the pools access side, which is very
limited to specific users. Any material changes would need double signatures.
Besides, all team members with access to sensitive
data or code have a dedicated machine for YellowRoad usage to implement an end
point detection. We also have a very strict policy for downloading/using
external files or links.
Gold Rocket | Satoshi Club: It’s commendable
that you think about it! safety first! 👏
Mary | Satoshi Club: Do you plan just
one audit or want to make audits regularly?
Mr. O: Basically we already
made the first one few weeks ago, but we will manage another one in the
following weeks from a top tier audit firm. As we develop more features we will
audit them as well.
Development and security never end 💪🏼
Mary | Satoshi Club: That’s great!🔥
Thank you for your answers! Ready to proceed?
Mr. O: Sure
Q3 from Telegram user @Raisbelys
One of the most striking features of YellowRoad is
that it is an “IDO platform” for Binance Smart Chain (BSC) projects only. My
question is, why do you focus only on projects that belong to Binance Smart
chain? Do you plan to support other projects from other chains in the future?
Or will you only work with BSC?
Mr. M: Well, we covered this
question in a dedicated Medium article. I’ll share it here so you can read the
benefits of BSC compared to other layers 1 solution.
Currently, we see BSC as a real competitor to the
ruling blockchain Ethereum. It has low GAS fees, its ecosystem has grown
significantly on a day to day basis and it has the support of the industry
giant, Binance. We think BSC is the right place to be.
Secondly, Yellow Road team, investors and strategic
advisors will help us to get the attention of the Binance Chain team, which
will help Yellow Road to be extremely mainstream in the BSC ecosystem.
Altogether, these things will help us execute successful IDOs.
Btw in your opinion what event influenced the project
the most?
Mr. O: Mainly the opportunity
on the market while BSC attention and eco system grown up. The minimum fees for
transactions during the high fees of Ethereum made us all think how can
bring a new IDO approach to the market.
And of course Bitcoin above $50K!!!
Mary | Satoshi Club: Ahaha! It’s a big
stimulus 🤑
Gold Rocket | Satoshi Club: Thank you so much.
everything is clear to me. if Mary has no additional questions, I suggest
moving on 😉
Mr. M: Perfect 🙂
Q4 from Telegram user @Derazy
As an investor, I should be assured by trusted and
benefit. And you mentioned that as decentralized #IDO for #BSC, YellowRoad will
empower investors and entrepreneurs. Can you elaborate the advantage by
participating in IDO platform for BSC Projects by Yellow Road?
Mr. O: Sure, good question. We
believe that with the current market condition, projects need much more than
just “funds” to run the business, i.e., building a quality community, partners,
advisors, collaborations, marketing and partnership with leading players in the
market such as Satoshi Club ;). We aim to provide an A-Z solution for those
projects by using our relationship, experience, and knowledge in running a
business.
In terms of investors, we check every project
seriously and will do our utmost to accept projects that are referred by our
trusted partners, pass our due diligence process, and have the potential to
benefit their investors/our community. Regarding marketing for our future IDOs,
as I said, over the years, the Yellow Road founders have created excellent
relationships with the biggest influencers in the field. We have a list of
influencers, some of whom also invested in Yellow Road and will accompany and support future IDOs on our
platform.
Gold Rocket | Satoshi Club: Thanks 👍
Well … could you please share your Yellow Roadmap
with our community😉
Mr. O: Sure, we detailed our
road map in the Deck. As we progress more action items will be added to the
road map.
Gold Rocket | Satoshi Club: rather original
and detailed presentation! I like it😊👍
Mr. O: We keep some secrets to
ourselves of course 😉. Exciting things
regards our development, ideas and business matters will be announced as we
progress.
Mr. M: Just started 🙂
Mary | Satoshi Club: 👍
Gold Rocket | Satoshi Club: I hope you can
share with us when it becomes possible😉
Ready to proceed to the next question?
Mr. O: We can make a dedicated
AMA for each announcement 😂
Gold Rocket | Satoshi Club: great idea 😁👍
Mr. O: Lets proceed
Q5 from Telegram user @yellowchamp
In your twitter , Yellow Road is proud to welcome the
lead blockchain consultant of TomoChain and be the Co-Founder & COO of
Orion Protocol, as your new strategic advisors. So in this connection, do you
plan to collaborate TomoChain and Orion Protocol in the future? As a strategic
advisors, what will be their role in your platform? How essential is the role
of a strategic advisors in Yellow Road network? Thank you
Mr. M: I like your nickname
champ! 💫
In general, advisors have a massive impact on your
business (if you picked the right ones). They can guide, lead, and connect you
to every place or goal you would like to bring your business to. Right now, we
have four advisors. We have already announced two advisors: Kha and Kal.
Besides the fact that Kal and Kha are amazing people, we find them market
leaders in their sector. Kal is a smart businessman, knows how to move things
fast, and he’s well connected in the industry which helped us a lot with focus
on running our project in the initial days. He will help us spot interesting
new projects, trends, and changes we
would need to make in the future.
Kha is very tech oriented, logical and man of details.
When you run a Crypto project with many technical repos, you want an
experienced person that can guide, direct, and think out of the box with
technical solutions. Kha will also assist us with future technical aspects
during our due diligence on projects.
We will soon announce the names of two more advisors
& investors that will be joining Yellow Road.
Mary | Satoshi Club: In which direction
you feel that you need advises?😀 In simple words, what do you want to
improve the most?
Mr. O: Good question
Advisors its an important role in projects. Especially
of you have an experienced board. For example: new business models, complicated
features to develop, expand the relationships and open doors for new business
opportunities
Mr. O: The advisory board are
not managing the team but providing great inputs from their experience
Fortunately we have a great board of advisors 🙂
Mary | Satoshi Club: And you already
have excellent advisor board 😉
Mr. O: Indeed!
Mary | Satoshi Club: But there are no
limits for perfection 😂
Mr. O: Exactly
Mary | Satoshi Club: Thank you for your
answers! Ready for the 6th and last question from this part?
Mr. O: 💪🏼
Q6 from Telegram user @AmirJosh
With Yellow Road, each project reviewed by the team
and must passed due diligence procedures. Do you have a list of qualifications
needed to pass by the client? What important factors Yellow Road are looking
for on a project to be able to used their IDO Platform?
Mr. O: Yes, every project that
applies for an IDO on our platform will have to pass our due diligence
procedure. I will state our top 3 points (out of 15) that we think are a must
have:
First of all, the team behind the project… a strong,
experienced and ambitious team can run any business even during hard times of
the market.
Second, is the project itself, does it interesting?
product-market-fit make sense? Does it have a real use case?
And third is the token economy/financials, which has a
significant role in our decision.
We believe that projects should raise the right amount
with the right token economy, just like we aim for. Therefore, we will avoid
projects with high caps, unreasonable amounts of required funds or past funding
rounds that put our community at risk.
At a later stage, we also plan to establish our
governance model, which will include our major investors, influencers,
advisors, and VCs that participated in our private sale round. This group will
be an active partner in the decision process of choosing companies to be
accepted for IDO on Yellow Road.
Mary | Satoshi Club:So, for now you
won’t have governance?
👀
Mr. O: We do intend to have a
governance to our community. But it won’t be at the initial stage of the
project. Firstly we would need to stabilize the business with flow of projects,
build the community and after that we can transfer business related decisions
to the government.
👁
Mary | Satoshi Club: Understand 😀
We wish you fast stabilization 😉
And we came close to live part🚀
Ready for it?
Mr. O: 🚀🚀
Gold Rocket | Satoshi Club: have a coffee
break for 2 minutes and a storm of questions 😁
Mary | Satoshi Club: Let’s go 🚀
Part 2 — live questions from the Telegram community
Why naming it to ‘Yellow Roadmap’?
What literally does it mean and how the story began?@Mr_mRoad and
@Mr_O_YellowRoad
Mr. O: Yellow
= Binance color
Road = projects road to success
We wanted to provide a comfortable
feel to both projects and users in our community.
Q2 from Telegram user @Robotliker1
why orion protocol is choosen for
partnership and strategic advisor by Yellow road?
Mr. M: We
didn’t announce a partnership with Orion😉Still,
we joins Kal Ali, its co-founder. Kal knows how to move things fast, and he is
highly connected in the industry, which helped us a lot in choosing the best
IDOs, onboarding relevant partnerships, future listing plans, and more.
Q3 from Telegram user @rogerass
how many AMA schedules or how many
AMAs has Yellow Road done so far and what is your impression of doing AMAs in a
particular crypto group or community?
Mr. O: This
is our first AMA and we will have several in the following days. I can say that
we really enjoy the AMA in Satoshi Club and hopefully do another session soon
🙂
Q4 from Telegram user @surendra040
What vision does Yellow road
approaches towards UI/UX, do you have any article for brief reading?
Mr. O:
Hey good question, our vision is to make the easy to use experience for our
community. We are open for criticism, and we would listen to the community
recommendations for future changes. We do have a Medium article and encourage
you to read it.
Q5 from Telegram user @BlancaSdF
Are your IDOs configurable towards
any asset class within #BSC such as $BNB, $USDT, $BUSD, etc? @Mr_O_YellowRoad
Mr. M: Indeed,
we are building the platform to conduct our future IDOs in $BNB and $BUSD
pairs. 🙂
Q6 from Telegram user @Kushal85127930
Could you please give us an overview
of your roadmap? Also please give light on events which you think will be
crucial for the community?
Mr. O: Sure,
road map you can see in the Deck. Our next main events are: IDO announcement,
listing, partnerships and additional features we are working on that so far,
does not exist for any IDO platform.
Q7 from Telegram user @KhaleesiTheCryptoLady
When do you plan to launch Yellow
Roadmap token?
Mr. M: Yellow
road token $ROAD will be launched very soon, but before our launch, have some
additional big announcements and progress in doing 🤝
Q8 from Telegram user @K2ice
In this current market condition,
funds alone cannot be used to run a business/platform. Apart from funds, what
other elements does YellowRoad use to run their platform effectively?
Mr. O: We
will have an army of community 💪🏼, strong
relationships with market leaders, working closely with top influencers
globally and social business
Q9 from Telegram user @gansoll
Is Yellow Road ready for trading or
is it still in the presale stage and where can users or investors buy or know
the schedule and how to access your presale?
Mr. O: Yellow
Road hasn’t launched yet. We are at the presale stage and hopefully launch in
the following days. You can follow us in the announcements channel to be the
first to know:
How would you leverage on community
power to build income
Mr. M: Happily,
we see a huge demand for being a part of yellow road, which gives us the
privilege to select very strategic investors to help us establish a massive
community in the very near future. 🙂
Part 3 – Quiz Results
As usual, for the third part, Satoshi
Club Team asked the chat 4 questions about the crypto project. A link to a Quiz
form was sent into the chat.
For
more information and future AMAs, join our Social Media channels:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Panda DAO Team will select 10 questions and answer them.
Part 3: 600$ – A quiz about Panda DAO
For more details:
Panda DAO – @mypandadao
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Cybertime Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Cybertime
For more details:
Cybertime – @cybertime_eth
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. MonoX Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about MonoX
For more details: MonoX – @MonoXOfficial Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Plethori Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Plethori
For more details:
Plethori – @Plethori
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
