Satoshi Club

We are pleased to announce our next AMA on March 18th 2021 at 04:30 PM UTC Time: Satoshi Club x BogTools

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

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

Part 3: 300$ – A quiz about BogTools

For more details:
BogTools – @bogtools
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 TRIAS and our guest was:
Trias – @Trias_Founder_team;
Hana – @hana2279;
@weiming00.
The AMA took place on the 11th of 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&WebSite

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

Gold Rocket | Satoshi Club:
Welcome to Satoshi Club @Trias_Founder_team, @hana2279 and @weiming00! How are you doing guys? 😊

Trias:
Actually, we are old friends of Satoshi.
The last time we were here for the event was when our white paper on the economy came out.

Mary | Satoshi Club:
Yes, I remember both AMAs with you😀

Gold Rocket | Satoshi Club:
Absolute truth! we are very glad to see you again 😊

Trias:
Yes, we are here to share with you some new developments and progress

Mary | Satoshi Club:
Almost one year passed! Tell us what had happened with Trias during this time?

Trias:
First, we set up the Trias DAO, which is now a fully distributed autonomous community.
Most of our operational decisions and technical initiatives are decided and voted upon by the community. For example, we recently approved a proposal for token economy adjustment. In order to better adapt to the ecological development of TRIAS, the total number of tokens has been reduced from 1 billion to 10 million.

Mary | Satoshi Club:
Congratulations! It’s an important step in development!
Was it also a community decision?😀

Trias:
Yes, we have also passed the proposal of listing application successively recently. It is worth mentioning that we are about to start liquidity mining and consider moving to BSC and HECO for better ecological development.
We are going to start liquidity mining next week. The initial yield on APY will be up to 100%~300%. After we move to BSC, we will also land on the first-tier exchanges and cooperate with more DEFI projects.

Mary | Satoshi Club:
Nice APY! Sure, a lot of users will be interested 😀 Do you have any terms when you will move to BSC?

Trias:
Yes! Today I would like to share with you how TRIAS supports the better DEFI project through TEE technology and privacy protection, and how our “-1” layer Leviatom chain fundamentally guarantees the security and trust of transaction data

Gold Rocket | Satoshi Club:
Thanks for your intro! Would you like to add something else? Or ready to proceed to the question from the community?😊

Trias:
Yes, I’m ready!

Gold Rocket | Satoshi Club:
Q1 from Telegram user @Romadel33
It’s no secret that user information on the blockchain is easier to track, how does TRIAS offer a security mechanism for its users? and that it addresses the privacy concerns of its users!

Trias:
Yes, it’s a good question.
As for the privacy protection of blockchain, many people have a misconception that blockchain can better protect users’ privacy because of its anonymity. The reality is that user information on the blockchain is easier to track without proper methods and tools. So blockchain doesn’t automatically protect users’ privacy. On the contrary, all transaction information is on the chain, exposing users’ habits and even personal identities to the whole world. As a result, blockchain requires more privacy protection than a real transaction system. Trias has developed a set of common privacy protection protocols based on its own innovative Trusted Execution Environment (TEE) and Zero-Knowledge proof scheme, which can support heterogeneous blockchain to achieve privacy protection functions. Trias focuses on anonymous payments, private transactions, privacy contracts, decentralized identity authentication, etc.

Mary | Satoshi Club:
Will transactions be private by default or will this be the user’s choice?

Trias:
Yes, of course, we already made this in a very early stage in our Trias wallet, now we have updated our products.

Gold Rocket | Satoshi Club:
Q2 from Telegram user @Carlcrip
Theoretically speaking, the three subsystems of Trias represent three political models: Executive (Leviatom), Legislative (Prometh) and Judicial (MagCarta). What role does each of them play in the operability of the software? What is the purpose of these three subsystems in Trias?

Hana:
In order to save time, let me briefly introduce our structure. Satoshi’s old friends should know better. Trias is composed of three layers: Leviatom, Prometh and MagCarta.

Leviatom is an integration of Trusted Execution Environments (TEEs) and Heterogeneous Consensus Graph, a graph computing algorithm similar to Hashgraph or DAGs. It can serve as the underlying ‘-1 layer’ for other public chains, including Ethereum and Hyperledger.

Prometh is a combination of formal verification and DevSecOps methodologies to achieve traceable and verifiable general-purpose software development.

MagCarta is a consensus-oriented programming paradigm to achieve embed and self-defined consensus strategy for high-order enterprise DApps.

Technical details can be found in Trias Technical Whitepaper
https://www.trias.one/whitepaper

Gold Rocket | Satoshi Club:
Thank you very much for the answer! Ready for the next question? 😊

Hana:
Yes.

Gold Rocket | Satoshi Club:
Q3 from Telegram user @JesusFre1tes
Recently Trias token contraction mapping was completed and the new Trias contract was successfully implemented. From this point on, what changes will we see in the project? What will be the main exchanges that will have the native TRIAS token listed? Which exchange pairs will be initially available? Could you tell us more about this topic?

Hana:
Yeah. In order to adapt to the development trend of the current encryption market, we decided to adjust the economic model of the TRY token to better enable Trias ecology. Following the rules of Trias DAO, we submitted a proposal on TRY token economic model, which received a warm response from the community. According to the community vote, the proposal was approved by 94%. Trias has issued a new token, named “TRIAS”, instead of a TRY token. The smart contract address of the token has also be changed.

Mary | Satoshi Club:
So, it was some kind of swap, yes?

Hana:
Yes. And now the Trias team has completed the airdrop of users’ coin holding addresses.

Gold Rocket | Satoshi Club:
Q4 from Telegram user @MihaiPisica
As it is written on your site, Trias delivers enterprise products and solutions to solve the trust and security issues for different customers in many industries. Can you show us some of these use cases and if there are already some clients involved in requiring your services? Who are your core partners in developing a such complex ecosystem?

Hana:
Sure. Actually, we have more application products used in the real economy already. I will show you some examples with some links so that our friends can better understand our use cases.

https://medium.com/@Triaslab/trias-customer-success-soochow-securities-744558390b22
https://medium.com/triaslab/trias-customer-success-chongren-power-transmission-industry-9613fb4336bc
https://medium.com/triaslab/trias-blockchain-industry-internet-infrastructure-platform-landed-in-yuhuan-39428b2e02d7

And also I want to mention that, TriasForce, which is the main product of Trias, is a decentralized SaaS developed by our team.
Empowered by the Trias blockchain technology, TriasForce aims to provide enterprise-level DSaaS.

Mary | Satoshi Club:
TriasForse is already a working product, right?

Hana:
On these bases, Trias would try to support technologies for the DeFi market. Sure, it is working already. The core solution TEE and Zero-Knowledge proof of Trias are mainly for trading privacy scenarios, so Trias can seamlessly integrate the trading privacy involved in projects such as decentralized exchanges, mortgage lending, mining derivatives, etc. in the DEFI ecosystem.

Gold Rocket | Satoshi Club:
Q5 from Telegram user @AmirJosh
Trias is one of the projects that featured in SatoshiClub when the group started inviting projects last year if I remembered correctly. It is nice to see you back and visit the group again. May I ask what are the milestones or accomplishments that Trias achieved after a year of hard work? What major events happened that you can share with us?

Hana:
Thanks. Last year was really a hard year for everyone. But we still worked hard to get some milestones. Like I said before, we have set Trias DAO and operate it well. And another big event is our token swap project. In the next few days, we will launch on Uniswap and BSC, and other DEX. And liquidity mining will also be open at the same time.

Mary | Satoshi Club:
After thus which milestones are important for Trias?

Hana:
Actually, every milestone is important for Trias. They mean a lot to us😁

Gold Rocket | Satoshi Club:
Q6 from Telegram user @BeaEvolet
How is Trías related to the trusted computing Hackathon event? What does Trias get out of being involved in such events?

Hana:
Last year, Trias held a Hackathon named “2020 Trusted Computing Hackathon: Development & Innovation Competition based on TEE” to attain innovative business applications based on blockchain technology as well as showcase the unlimited possibilities of the developer team and individual, themselves.

Mary | Satoshi Club:
What results did you achieve?

Hana:
And now we have chosen 2 superior projects. we give them technical support from Trias technical team, Investment and Incubation opportunities from Trias foundation and its alliance partners. Let me introduce the 2 projects a little.

One is Authmen, a Trusted Cross-Blockchain
Storage Protocol aims to make a more secure and more economical distributed storage protocol based on Trusted Computing.

Now Authmen has listed on Uniswap already. you can check here app.auth.men to join in their liquidity mining.

Mary | Satoshi Club:
Thanks! Also, as I see they will also launch on BSC soon😀

Hana:
Yeah. They are going well 👍

Mary | Satoshi Club:
Ready for the live part now?

Hana:
Yeah. Let’s go

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Johnny ℹ️🅿️

🙋‍♂️Hello. You have mentioned the TRUSTED EXECUTION ENVIRONMENT (TEE technology) and how it can help to provide heterogeneous privacy support to users on the blockchain. What aspect of privacy can this innovation provide and how will it guarantee trust and security of transaction data on the open blockchain?

Hana:
From the very beginning, Trias takes the Trusted Execution Environment(TEE) as the core privacy computing technology, which can truly implement the privacy computing technology and provide enterprise-level performance services. Trias network is designed to support end-to-end privacy and data ownership, with built-in key management and support for TEE such as Intel SGX, enabling it to support new, decentralized applications and services that protect privacy. TEE is a secure area in the CPU, such as Intel’s SGX. It can be seen as a black box, and a smart contract can be run in TEE to protect personal data. TEE has a wide range of applications in the financial field, especially when it comes to some sensitive data, such as face recognition in mobile phones, TEE technology is applied. In the TEE privacy protection scheme of Trias, the smart contract and data are run in the CPU’s Secure Enclave area and output after running. The smart contract is run in a black box, and the data is fully protected during this process.

Q2 from Telegram user @ TakeDown

How can earn in Staking is possible or only privacy?

Hana:
Yeah. Trias has held 4 times staking programs with a high APR. Now NO staking program is online. But you can wait for our liquidity mining, which will be going online with the 100%-300% APR.

Q3 from Telegram user @ CryptoFollower

There is an old token of Trias and a new token for Trias so why exactly did you make this change and why did you change the tickers too?

Hana:
Actually, after studying and judging the development situation of the current crypto market, for the sake of better development and a healthier Trias ecosystem, we proposed to adopt the new economic model so that to fit Trias’s future development strategy, product route, and community construction, and truly adopt the current market trend of the encryption world.

Q4 from Telegram user @ ✨ CRYPTONECO 👀

Many potential users do not have enough knowledge of the Crypto industry. How will you describe your project to include this audience in your project?

Hana:
Yes. Many potential users don’t understand Trias better actually. We also thought of a lot of ways to introduce Trias in an easy way. Now we define Trias as the following:
Trias is a distributed financial infrastructure platform with two characteristics of cross-chain and privacy protection. The goal of Trias is to build a public chain to realize cross-chain secure transactions, and then provide a platform for the circulation and transaction of various digital assets, and provide a safe and efficient trusted infrastructure for the financial market of digital assets.

Q5 from Telegram user @ LI

🌟TriasForce is a software complex developed by the Trias team. Can you explain what are the functions of TriasForce? I read that it has 3 products: Auditing, Security, and ERP, so can you give us more details about each one? How can clients benefit from TriasForce? @hana2279

Hana:
Sure. TriasForce, which is the main product of Trias, is a decentralized SaaS developed by our team.
Empowered by the Trias blockchain technology, TriasForce aims to provide enterprise-level DSaaS. It ensures enterprises’ core data and critical services are secure and reliable. Now we have 3 modules: TF-Security, TF-Auditing, and TF-ERP, all of them solving the ‘trust issue’ in cloud computing. A decentralized model can help in protecting the data ownership and makes sure that the value created can be distributed to the originators.
Furthermore, it also tackles the problems of data privacy and leakages, and thus mitigates the clients’ reluctance of uploading data or rejecting the SaaS.

At present, Trias’ team is cooperating with many enterprises in different industries in China and overseas to help them develop and build blockchain-based enterprise service software and series products.
As far as the current situation is concerned, most enterprises are potential consumers of DSaaS, because there is a great demand for blockchain application and enterprise management services.

Q6 from Telegram user @ Borax

Can I stake your token with my metamask in the uniswap application?

Hana:
Yes. Of course, you can. But we have not started Trias liquidity mining yet. pls pay attention to our announcement channel: https://twitter.com/triaslab

Q7 from Telegram user @ Mamberroi

Hi @hana2279. How did you feel with the Satoshi Club community? It was really a pleasure to have you in our community and to have you answer in such a detailed way our doubts about Trias.

Hana:
Yeah, I feel so goooood to with dear Satoshi Club. And I also found that members of Satoshi here are very serious about our project, and the questions you raised are very deep. Thanks to all of you guys.

Q8 from Telegram user @ Khalee

What was your purpose in creating TRIAS? What existing problems do you want to solve?

Hana:
The initial goal of our project is to define a new-generation all-platform-supported public chain system: Trustworthy and Reliable Intelligent Autonomous Systems make people trust in machines. And now we are on the way to realize it.

Q9 from Telegram user @ ꧁ ᒍᑌᗩᑎ ᔕᗩᑎᗪOᐯᗩᒪ ꧂,

Browsing your website I realized that there are many drawings/images (website background) that represent machinery belonging to large companies, why has TRIAS decided to represent your project with this type of image?

Hana:
Interesting question. I believe you can see from our official website that we are not a small project with only a few people. From the very beginning, we have formulated the orientation of our project and the corresponding hue and style, that is, simple technology style. Even though we have adjusted the official website many times, we always keep this style.

Q10 from Telegram user @ Khalee

What is the reason behind conducting this AMA session? What do you want to let us know, what do you want to promote within the community, do you have an ongoing presale?

Hana:
Of course, the purpose of making AMA is to make publicity, which I don’t want to deny. At the same time, because our project has made great progress, and there will be more actions in the future, I believe our project is worth more people understanding. For the follow-up pre-sale, I can not disclose too much now. Please continue to pay attention to our official information. We will update it on our official channel for the first time.

Official website: https://www.trias.one
Whitepaper: https://www.trias.one/whitepaper
Telegram: https://t.me.triaslab
Twitter: https://twitter.com/triaslab
Medium: https://medium.com/@triaslab

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:
Official website: https://www.trias.one
Whitepaper: https://www.trias.one/whitepaper
Telegram: https://t.me.triaslab
Twitter: https://twitter.com/triaslab
Medium: https://medium.com/@triaslab

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 Stone. Our guests were @Alexlam2013 @cryptooosss @Stone_Golem @vk_1118. The AMA took place on 12^th 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 Stone! Welcome to Satoshi Club😀

D. | Satoshi Club: @Alexlam2013 @cryptooosss @Stone_Golem @vk_1118 welcome guys! nice to see you here!

Serg | Satoshi Club: Welcome 🙂

Great to see you again

Shera | will never dm u first for funds: Hi guys thanks for having us!

Alex Stone: Hi everyone

PJ: Hahah nice to be back and share more abt Stone

Mary | Satoshi Club: Happy to see you here again, guys 🤣

D. | Satoshi Club: long time no see 😁 how are you doing?

Shera | will never dm u first for funds: [ 🤟 Sticker ]

Alex Stone: pretty good and busy~~

D. | Satoshi Club: cool!

Mary | Satoshi Club: Oh, guys! I missed your gifs🤣

D. | Satoshi Club: so let’s not break our tradition and begin with intro😉

Mary | Satoshi Club: For those who could miss first AMA😀

D. | Satoshi Club: @Alexlam2013 @cryptooosss @Stone_Golem @vk_1118 please introduce yourselves and your project! 💪

Shera | will never dm u first for funds: So glad to be here. I am shera, community manager at STONE

Mary | Satoshi Club: I feel you have a lot of work, Stone community is growing 😉

PJ: yes hello guys, this is PJ, and am helping with Stone marketing and BD. Stone is the anchor rock solid platform which is primarily targeting at providing the four following services for our users – passive income vault, cross-chain strategies, liquid pos yield streams and risk optimised yield indices

Do also check out our website https://www.stonedefi.io

Shera | will never dm u first for funds: Yup pretty busy these days. Welcome all to join our fortress @stonefortress

Alex Stone: Nice to meet everyone, this is Alex, I am the project lead of Stone. I have been in crypto for more than  7 years, after I compeleted my phd degree from university, I have been involded with crypto industry.

Mary | Satoshi Club: I like your marketing job! Very professional 😉

Alex, i wanted to tell that you’re early bird, but looking at your avatar i can tell that you’re crypto Stone🤣

Thanks! And who’s going to tell us what news we have for us since our last AMA?🔥

Stone Golem: Hello guys. I’m golem. A global trotter and crypto addict. Have been in the space since 16 and loving it ever since.

Alex Stone: hahaha, it’s true, early and diligent bird

Mary | Satoshi Club: Golem, you really rock💪

Stone Golem: You are always too good to me. @madamlobster

Mary | Satoshi Club: Yes😉 i like Stones

So, who will tell?😉

Yeees🚀

Alex Stone: let me do it firstly, internet is not so table my side

PJ: Let me share some as well

Basically we have launched our alpha test mining on stone, which will like to welcome users to start rock solid yield with us

Mary | Satoshi Club: I feel that may be tg has some problems, mine is not perfect today also 🤷

Wow! That’s great news!

D. | Satoshi Club: well, maybe it’s time to open the first part of AMA and guys will share even more news with us during the AMA? 👀

PJ:  We have opened initially the stable coin vaults and following our liquid pos strategies for eth2.0 tokens like rEth

Total tvl on stone has been around 50 mil usd !

Mary | Satoshi Club: It’s incredible 😍

PJ: Both are good we will like to jst share more and interact more with all community members

Alex Stone: will share all our latest news by your questions~

PJ: pls go ahead

Mary | Satoshi Club: Ok, that’s great! Our first question is about Stone Defi Alpha Test Mining🔥

D. | Satoshi Club: thank you for the intro!

Q1 from Telegram user @Highpee

During your last visit here on Jan 18, you promised to launch the alpha version of your project at end of Jan or early Feb. Just as promised, within that period and this your second coming, you have released the Stone Defi Alpha Test Mining for your protocol and it has amassed over $45 million as TVL in your UDST and USDC vaults combined. Tell me a little about this success story. How have you been able to drive adoption towards your product and gain investors’ confidence despite the fact that $STN is not yet available on any exchange? When is your TGE and when can we start to buy $STN?

PJ: honeslty, we have got the question like “when buy $STN” all the time haha but lets start with the firts part, to prepare the launch, we have done several rounds of internal checks for the system and debate on the UI designs, and in the meantime, actually we have engaged Peckshield in end Jan to start the premilinary work and also spend another month to work with them to go through the smart contract and help resolve any issues

the key principle we have is about “ROCK SOLID” as we keep emphaising to the community that we will like to make you sleep well at night by providing you the stable and secure yields

Alex Stone: really thx for all our fans, and I guess some of u make the contribution on our TVL as well. we didnt launch our product only after its audit finalized.

D. | Satoshi Club: so now basically we can stake usdc and usdt and earn $STN? this is how it works?

Mary | Satoshi Club: 45$ mln, that’s really unbelievable 🎉

PJ: another part is about our partnership, as we mentioned, we have been dedicated in introducing pos yields to the platform, where we have initiall working with stafi to get rETH onboarded, and we even decide to delay adding some new etn2.0 token in order to make sure everything goes well

yes you can, and also you can complete the tasks set by Stone Golem to get a special gift

https://stonedefi.medium.com/get-ready-for-the-alpha-launch-of-stone-platform-d08dc6854458

Stone Golem: My tasks

PJ: find this guys!

actually you can also deposit rETH which is issued by Stafi as well

D. | Satoshi Club: cool! and how long this farming will last? how many of your tokens are you planning to distribute?

Mary | Satoshi Club: So, just simple social media tasks?😉

PJ: again rock solid is the key thing that helps us earn the trust from the community, will be bit differerent from the protocol offering high APY like bigdataprotocol, but you may encounter emergencies

the alpha phase will last for some weeks, during the period, we also collect feedback to improve, we now keep the # of STNs to be distributed as a secret, and please come and join us to find out more. thank you

D. | Satoshi Club: nice! thank you for the info 👍

Mary | Satoshi Club: Oh, i love secrets 😍

PJ: but maybe Alex can share more

Alex Stone: suprise 😜

D. | Satoshi Club: you guys know what Mary loves

Mary | Satoshi Club: I see he is typing 😉

D. | Satoshi Club: 😉

Alex Stone: we will use the Yield Farming Reserve pool which released to community at the very beginning, but I wont share more about the number for alpha testing, because PJ mentioned secret.

D. | Satoshi Club: 👏

Mary | Satoshi Club: We will waiting for updates 😉

Thanks for your answers, guys! Ready to proceed?😀

Alex Stone: lests go ahead~

D. | Satoshi Club: let’s go!

Q2 from Telegram user @yellowchamp

Could you explain and describe to us what new AMM mechanism being implemented and applied in Stone network to mitigate impermanent loss to protect user’s funds? How does this mechanism works in your platform? How does this new AMM become reliable in mitigating impermanent loss? Thank you

On stone, there won’t be IL as we are not launching our own AMM at this moment, given we focus on crafting rock solid yield for our users, we may link with external AMMs for LP tokens but again we will only accept deposit of the LP tokens rather than hosting the swap liquidity pool

Stone Golem: One example I would like to share, Stone is the first yield aggregator to bring liquid staking assets to ethereum ecosystem

Mary | Satoshi Club: But is this mechanism is ready and just waiting when it will be time to launch it? Or you still improving it?

Stone Golem: So we are making staked eth as liquid as ETH. and we have successfully created a liquidity pool of rETH/ETH on uniswap. We have helped used to incur no IL for this pool

In the future, we might become the largest dex for liquid staking assets with no IL. no one had touched liquid staking assets but stone

PJ: Yes! But we will plan carefully for the Dex

D. | Satoshi Club: 💪💪💪

Mary | Satoshi Club: Bright future with Stone🚀

Guys, do you want to add something or we can go to the next question?

Stone Golem: Let’s move forward 😉

D. | Satoshi Club: thank you for the informative answers!

Q3 from Telegram user @NSZR1

In your blog I read that STONE has finished the code security audit by Peckshield for the aplha test mining program, what security features will the implementation of this code provide to users who participate in the alpha testing mining program, and what were the results of this audit? considering the high escepticism users commonly have, will you have further regular audits to this code?

Stone Golem: Let me take that

Mary | Satoshi Club: Sure👌

Stone Golem: First of all, Stone has an architecture that constrains what users funds can go into. Meaning users funds can only go to the whitelisted venues

This is important as more funds grow, we don’t want any security bleach on users funds

Secondly, peckshield has run through all checks on what attacks have happened to other protocols. So we don’t repeat tragedy that happens to others. The benefit of late comers

Mary | Satoshi Club: As i know you also partnered with Tidal Finance? Will it also help your users to feel more secure?

Stone Golem: We understand that this space is proceeding too fast and a lot of unknown risks. Therefore, when we hit 40 mil tvl. We slowed down the alpha testing to go through another review of security.

Haha, you really followed our progress Mary.

Mary | Satoshi Club: Of course 😉

PJ: Yes, more than that we have also been discussion with other insurance protocol and we want provide more security to user funds.

Stone Golem: With tidal, we are working on insurance to provide more assurance to users. And in addition, if Stone is secure enough, insurance protocol would be willing to provide funds into stone. That will be huge!

D. | Satoshi Club: someone good prepared for the AMA 😁

Stone Golem: Done

Mary | Satoshi Club: Guys, what can i say🤷 you are really working on your security! Not only words👍

👍

D. | Satoshi Club: and you know a lot about security and audits 😄😉

Mary | Satoshi Club: 😉

Thanks for your answers, Stones😉

Ready to jump to the next question?

PJ: U jump we jump

Let’s move forward

Q4 from Telegram user @Gutike95

You mention that the STONE Protocol has “additional home strategies”, but could you really describe a bit of it? And really what makes it “homemade” as opposed to other strategies?

PJ: This will more relating to our pos yield income streams

When we start Stone, we are the first one to be the bridge and introduce liquid pos yield tokens

Mary | Satoshi Club: Opportunities are really great!

PJ: This is our direction toward market positioning as we have observed that current defi erc20 yield has come from underlying lending protocol, transaction fees, and other governance token farming. We willl like to intro new strategies to complement the current defi landscape

Mary | Satoshi Club: On which part of the pie do you expect?😉

PJ: We are actually creating a new pie for the community! It depends how we can work together to make the pie bigger

And we do see the larger market cap for pos market cap compared with tvl for defi

Over.

Mary | Satoshi Club: Nice plans! You know how to work with strategies 😉

Q5 from Telegram user @Pratze

Stone Golem want to distribute STN tokens into the strong hands of STONE supporters and also have Special Gift for for their holder, do all your holder possible to receive this gift? What is the requirement? And also can you explain about when is STN reward vesting will be distributed?

Mary | Satoshi Club: I think this question was partially covered

Stone Golem: Let me take it. Since golem is making some of the gifts. 😉

Mary | Satoshi Club: Ahaha 🤣

Alex Stone: hahaha, lets Golem answer Golem’s fans~~

Stone Golem: We are taking an approach similar to uniswap. That is

Mary | Satoshi Club: Wow

Stone Golem: To get early users to try out our protocol and test out our security.

In return, we will distribute STN tokens to early backers in a retrospective manner

So if you believe in stone, and want to be part of it. Please try out stone protocol and provide us feedback

And retweet on social media so that more people know about us

The tvl is only 50mil now

Mary | Satoshi Club: I think a lot of users will try it! Wait for feedback from Mary🤣

D. | Satoshi Club: wow…let’s all use Stone guys! 😄👍

Stone Golem: Liquid staking asset market cap is more than 100 bil

PJ: https://stonedefi.medium.com/get-ready-for-the-alpha-launch-of-stone-platform-d08dc6854458

again pls find this for reference

Alex Stone: we do repect our users, that is the reason we upgrading the UX now. so all your feedback will be helpful to make Stone better.

Mary | Satoshi Club: Sure! Satoshiclubbers 🚀 don’t miss your opportunity

Thank you guys! We also respect everything you’re doing!

Also, we still have 6th and last question from this part left😀

Ready for it?

Alex Stone: yes~

Q6 from Telegram User @stevefix56

Qualities of a Stone is said to be structured, hard, tough with workability; What concept of a stone does Stone Team platform represent, is there a structure for collaborators. Stone recently indicated interest in working on upgrade with UI improvement and contract optimization. I will like to know what this means to the community.

Stone Golem: We are pleased that the community trusted us with over 40mil tvl within three days. We take it as a compliment and also a responsibility to make stone even better. As you all know, gas fee on etherum has been high

And we noticed some tricks to make gas fee more stable and reasonable for users.

In addition, stone is young we have received quite some feedback about UI. our goal is to make it as simple as possible for users

D. | Satoshi Club: im very curious to know about those tricks..

Stone Golem: Therefore, a UI improvement is needed and we will do more security checks

Haha, just to share one example, reducing decimal numbers for your deposited funds make gas fee much less

Mary | Satoshi Club: To be honest i almost stopped to use ETH because of high fees🤷 but Stones inspire me to try again🤣

Stone Golem: Well, we are all facing a common problem. Just like we all complain about high rental fee in Manhattan.

D. | Satoshi Club: 🤯😁 nice work guys👍

Stone Golem: But this might change once we do more optimization and migrate to polkadot!

Mary | Satoshi Club: Remind me, please, when do you plan migration?😀

Alex Stone: haha, we all suffered high gas fee, and Stone has the layer2 partner already,we will announce later, after that, using ETH will be not pain any more.

Mary | Satoshi Club: Thanks god! How soon can we expect this announcement?😀

Alex Stone: we will announce it once finished the product. 😜

D. | Satoshi Club: will you be use optimism or zkrollups?

👌

we will be waiting for your announcements then 😉

and now  time for the second part!

Alex Stone: yes, then u and Mary will keep following Stone~~

Mary | Satoshi Club: Ok, guys! I feel the same as @Cool_as_Ice 😀

I will, you can be sure!

Alex Stone: hahaha,cool

D. | Satoshi Club: big thank you for answers in part 1! @Alexlam2013 @cryptooosss @Stone_Golem @vk_1118 we will open chat for 2 minutes, after chat will be closed – you can start select questions from Satoshi Сlub members!

Alex Stone: lets party

Mary | Satoshi Club: Let’s make this chat noisy 🚀

Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @KASG95

As I said in your audit “the characteristics of your smart contracts are still in an early stage but exciting development”, could you really tell us how long it will take for Stone to be available to all users? Also could you provide us with the Road Map?

Stone Golem: Stone has already been available to all users with both stablecoin and staked ETH vaults. And we will launch more vaults step by step once we deem everything is alright

Q2 from Telegram user @atillayeni

Do you only want to be on ethereum blockhain ecosystem or are there any plans for Stone Defi to create cross-chain integration between other blockchains and maybe binance smart chain?

Stone Golem: Stone has been built on etherum as a first step to serve the majority of defi users. And we have won a grant from web3 foundation to build the first crypto index on polkadot. We want to combine the merits of both etherum and polkadot in the future

Q3 from Telegram user @moe_808

Can you share with us stone roadmap at which part will be the launching of aeth and steth? @Alexlam2013  @cryptooosss  @Stone_Golem  @vk_1118

Alex Stone: will be days delay only, after we upgraded UI and check the potential secutiry risks. and we will announce new partnerships and latest roadmap in the meanwhile.

Q4 from Telegram user @Aruncryptonationt

hello guys!

Iam confused Whats the token contract address and vault contract address?@Alexlam2013 @cryptooosss @Stone_Golem @vk_1118

Stone Golem: You can go to stone website the portfolio page. All contract address and token address are shown there

Q5 from Telegram user @centoscu

Could you explain the benefits the partnerships you have done recently?

Stone Golem: In short, partnership are mainly focusing on bring in more innovative assets, cross chain communication and more security. Stones philosophy of being rock solid had won a trust from our partners

Q6 from Telegram user @highpee

Your plan was to launch two new vaults (aETH and stETH) but you have delayed it in order to work on UI update and contract optimisation. What aspects of your contract are you going to optimised and how will this affects the performance of your existing vaults without causing a disruption?

Alex Stone: it will not affect current vaults at all, they are indepent. and deposit rETH can get special reward from Stafi Token(FIS) as well, so you can try rETH strategy now.

Q7 from Telegram user @Garrinepotter

What actions are taken by the Stone protocol to minimize the risks of investors? How is the reliability and stability of the pools and, accordingly, the profitability on your platform achieved?

Stone Golem: Take one example, we allow users to set max allowance of transfer from their wallets. This prevent fund to be stolen from wallet. In addition, we are internally testing our erudite all the time.

Q8 from Telegram user @azrayeni

Are you working with social media influencers because it is important for a project to reach new users?

Stone Golem: You will soon hear from more KOLs about stone and how it makes their life easier and fun! And you are already ahead of them. 😉 they are studying secretly.

Q9 from Telegram user @dumpspump

What do you plan to do with the gas prices Ethereum has right now? As project is moving a little bit slow, are you waiting for Ethereum 2.0?

Alex Stone: as we mentioned, we are cooperating with layer2 protocols to fix the high gas fee. for current cosmter we will compensate in someway, and we no need wait for ETH phase1.5, its too long.

Q10 from Telegram user @cryptofollower

Are you the first project to launch such properties when it comes to yield management framework comparing with other defi projects?

Stone Golem: Yes. As far as we know, we are creating a trading and lending market for staked ETH and other assets in the space. The current defi are all like stock plays. While what we bring are interest bearing assets like bonds. Bonds are much larger than stock market

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/stonefortress/

Twitter: https://twitter.com/DefiStone/

Website: https://www.stonedefi.io/

Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from Ehash. The AMA took place on January 8, 2021 and our guest were @amy255 and @NathanXLi .

The total reward pool was 800$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Gold Rocket | Satoshi Club: Hello, Satoshi Club! 👋 We are glad to welcome the Ehash project today! 😊

D. Папа Роуч: hello all! And our guests – @NathanXLi @amy255 ! welcome to Satoshi club!

Amy X: Hello, Satoshi community!

Gold Rocket | Satoshi Club: Welcome to Satoshi Club @NathanXLi and @amy255!

Amy X: Thanks, glad to be here

Gold Rocket | Satoshi Club: To begin with, please tell us a few words about yourselves and how did you get to be involved in crypto &  Ehash?

D. Папа Роуч: good to have you here! 😊 are you will be alone today or @NathanXLi also will join us?

Amy X: Yes, I’m the community leader of EHash community. I know this project very well. @NathanXLi was planning to join this AMA. But he had emergent something need to do at this moment. I will represent EHash in this AMA. Thanks

D. Папа Роуч: got it! 👍

Gold Rocket | Satoshi Club: Let’s start🚀

Amy X: Ya🚀 I will begin with a brief introduction of our team and project

Gold Rocket | Satoshi Club: Make a small intro to Еhash please😊

Amy X: Sure

EHash is an underlying asset that has benefited from the DeFi boom of the Ethereum network. All DeFi mining users are paying fees to EHash through their trading activities. If DeFi continues to prosper without a vicious sudden cooldown, it can be asserted that EHash will continue to deliver very considerable benefits to its holders.

The official website of EHash is https://ehash.co.

The EHash team is a group of earliest Bitcoin & Ether miners in the mining industry, also early supporters of Bitcoin & Ethereum. We have a very large hashing power composition in the whole PoW network, both Bitcoin and Ethereum. Hope you could know more about us by the community questions

D. Папа Роуч: wow cool, so EHash is DeFi project from miners? 😊

Gold Rocket | Satoshi Club: It is very correct to receive dividends from the hyip Defi👍

Amy X: Yes, and every EHash user can be a miner without needs of buying mining machines. Holding EHash is mining ETH, actually.

Gold Rocket | Satoshi Club: Sounds good

D. Папа Роуч: yes, it sounds very convenient 👍

Amy X: Yes, definitely

Gold Rocket | Satoshi Club: Before we start with questions from the community, could you introduce your team of like-minded people? 😉

Amy X: Sure, as aforementioned, our founder team are a group of miners who want to combine the advantages of the DeFi industry and the mining industry. Then we come up with EHash. During the product development process in the last years, we also got more colleagues who have more experience about marketing and DeFi on board. Now, we are a mature team with people in many countries and starting to reinforce our influence by building our community and awareness.

Gold Rocket | Satoshi Club: Thank you very much for the great intro! If you are ready we can proceed to the questions from community😊

Amy X: Sure. Let’s move to the questions

D. Папа Роуч: let’s do this!

Q1 from Telegram user @yellowchamp

EHash is the token that represents the mining power on Ethereum network. 1 EHash is strictly tethered to 0.01Mhash/s power. So ,do you have any connection to ethereum? Why choose to represent ethereum but not other cryptocurrencies? For those who are not so familiar on how mining works and that’s include me, can you tell us how does Ehash mining works? How we can earn from it? What are the underlying risk when entering into a mining pool in your platform? Thank you

Amy X: Yes, EHash is the token that represents the mining power on Ethereum network. 1 EHash is strictly tethered to 0.01Mhash/s power. EHash holders are free from head-scratching equipment maintenance issues and can mine ETH by holding EHash. The reason we chose Ethereum but not other assets is because Ethereum still have the most prosperous assets and DeFi applications，eventhough some new ecosystem are emerging such as BSC and Heco. We still value the development of Ethereum and its pure decentralized genes.

Amy X: As for the security, the mining output of Ethereum is allocated by smart contract to EHash holders automatically. Miners don’t have to do their own mining configurations like in traditional mining. EHash holders could claim their ETH mining reward on EHash official website https://ehash.co. Besides, the contract has been audited. We can ensure you the security of EHash. Done this question, thank you.

D. Папа Роуч: thank you for answer! does your project similar to BTC Standard Hashrate Token (BTCST)? the same idea?

Amy X: Yes, similar but not the same. EHash users don’t need to stake or anything else to gain the mined ETH.

Gold Rocket | Satoshi Club: Who did the audit of smart contracts for you, btw?

Amy X: The holders can mine ETH just by holding. And check the mined ETH on our official website.

Here is the audit report: https://ehash.co/static/media/Smart_contract_security_audit_report_EHASH.dbd9075b.pdf

It was by BEOSIN

Gold Rocket | Satoshi Club: Thanks for sharing 😊

Amy X: And more audits are on our plan.

Gold Rocket | Satoshi Club: safety first👍

D. Папа Роуч: great! the more audits the better 😄

Amy X: Yes, we agree with that

D. Папа Роуч: thank you for answers! ready for the next question?

Gold Rocket | Satoshi Club: Thanks for the comprehensive answer! Ready for the next question?

Amy X: Yes, ready

 Q2 from Telegram user @Gabrielle124

EHash has an unregulated token supply, which means more hashing power can be added to the network, don’t you think it will affect the value and price of your token? What will be its impact on the project and to the people who will use it ?

Amy X: Ehash currently has 20 million total supply, corresponding to 200,000M of Ethereum hashing power. It’s already trading on Gate.io, a well-known top exchange in the crypto market. Ehash is planned to start trading on Uniswap soon. It is worth noting that Ehash has not received any outside investment and no public/private offering. Besides, EHash is an ever-lasting hashing power pegged token. It isn’t like any other crypto projects that have a predefined total supply or distribute free tokens to advisors, or investors etc. As long as you hold EHash, you can earn ETH mining rewards. That is, the added hashing power will not affect the value of the token but will provide you more ETH assets.

Shown as this pic

If ETH price drops 20%, the APR of EHash will subsequently drop ranging from 5% to 40%. However, it’s still yielding mining reward for EHash holders. You’re not forced to sell your position and could hold till a day that ETH price recovers. During this hold period, you’re accumulating ETH mining reward to mitigate your investment principle book loss. On the contrary, if you’re investing directly in ETH, a 20% price drawback might place you in a very disadvantageous position, you can do nothing but wait a long time for ETH price to recover, and you have no other revenues during this period. If ETH price jumps up 20%, the APR of EHash will subsequently rise ranging from 5% to 40%. If EHash price has the same valuation pricing multiple as before, it’s obvious that its price will rise much more than 20%, an absolute advantage over ETH. What’s more, you’re accumulating mining reward from the EHash hashing power.

Gold Rocket | Satoshi Club: What exchanges do you have in your plans yet?

Amy X: The next maybe Uniswap. More will be uncovered to community when are ready. Please stay tuned.

D. Папа Роуч: nice! cool gains just from holding 😃

Gold Rocket | Satoshi Club: thanks for the answers. ready to move on?😉

Amy X: Yes

Q3 from Telegram user @Karoceh

Its interesting that ETH mining through holding EHash doesn’t require to do anything except Just hold, check, claim. But I think it will be even more interesting if Ehash support compounding features, so we don’t have to claim every day and the funds will grow fast. Are you considering this option in the future? or do you have other opinions to maximize the daily reward mining?

Amy X: Good question. Our ETH mining process is simple. And we will have more mechanisms for users to gain more rewards for sure, such as our staking mechanism. And we will launch our reward mining too.

Gold Rocket | Satoshi Club: it is very good! do not forget to share with us when everything is done! By the way, we have already realized that you are loyal followers of Ethereum. 😁

have you thought about using for mining other cryptocurrencies  like bitcoin or something else?

Amy X: It will not take long. If you are interested, please join our community https://t.me/EhashGlobal. We will reveal details soon.

Gold Rocket | Satoshi Club: Join Satoshi Clubbers!🚀🚀🚀

Amy X: Good question. Maybe, but now we are focusing on ETH.

Gold Rocket | Satoshi Club: Thank! Can we jump to the next question? 😉

Amy X: Yes, pls

Gold Rocket | Satoshi Club: @Cool_as_Ice shoot please😉🚀

Q4 from Telegram user @meml97

Reading about EHash on the internet I came across the fact that as of right now, your token is only listed on Gate.io, but you do have plans to also be listed on Uniswap soon, however, this platform has problems with EHash and its smart contract will lockup EHash holders’ ETH mining reward, could you tell us why is that happening? What’s exactly the problem that Uniswap’s smart contract is locking you up? Will this happen in other exchanges too? What plans do you have to solve this situation the best way and as soon as possible?

Amy X: Yes, you are right. Currently, EHash is tradable on Gate.io. EHash will be listed on Uniswap soon. On Uniswap, if the assets are used for liquidity mining, the assets will be locked in smart contract and Uniswap’s liquidity contract does not support counting and distributing the ETH rewards that users mined by EHash. Therefore, there may be a problem for having the mined ETH when users liquidity mining on Uniswap. This is the rule that decided by Uniswap features.

D. Папа Роуч: is it possible to solve somehow?

Amy X: We are designing a upgraded version and solutions to solve the problem. With the new mechanisms, users can participate liquidity mining on Uniswap and at the same time mine ETH. EHash will welcome more users by supporting liquidity ming and ETH mining at the same time.

D. Папа Роуч: cool! btw do you have plans regarding to BSC? if there is a problem on uniswaps maybe there will be no problem on pancakeswap😁?

Amy X: I can’t tell for sure now. As you know, EHash is native to Ethereum network. A very essential aspect with BSC and Heco is that they are sponsored by Binance/Huobi, two giant centralized exchanges. You have to route and convert any erc-20 tokens through the bridge offered by Binance or Huobi. Therefore it’s partially centralized. However, if EHash got listed on Binance or Huobi and get their support for bridge conversion, it’s for sure that we can deploy EHash to work on BSC/Heco. If that happens, holders will have a better experience than Ethereum.

D. Папа Роуч: great answer! thank you!

Amy X: We will solve that problem and support our Uniswap liquidity mining for our users instead of skipping it. Done with this question.

Gold Rocket | Satoshi Club: I still want to ask you more about Ethereum. Did you predict what will happen to EHash after the release ETH2.0😉

Amy X: Good question. Becuase EHash is based on the Ethereum PoW, EHash will ever-last as long as the Ethereum PoW network exists. But what will happen after Ethereum transition to ETH 2.0? First of all, I don’t think ETH 2.0 will happen any time soon.  I think ETH 2.0 might never become true. Even if it matures, PoW network might become one Shard of ETH 2.0. What’s more, if the Ethereum core developers give up PoW and want a hard-fork. The PoW Ethereum network still exists. In summary, ETH 2.0 doesn’t mean the death of PoW Ethereum. As miners, we always believe PoW is so far the most reliable way of decentralization and consensus security.

D. Папа Роуч: agreed! i actually believe in PoW as well

Gold Rocket | Satoshi Club: Thank! Everything is clear to me! Flawless answers 😃 can we proceed to the next question?

Amy X: Yes, Sure

Q5 from Telegram User @NataliyaKil

The EHASH series of mining products includes: “Blocking Mining GT EHASH Annual Return 25%”, “Blocking and Earning EHASH Floating Interest Rate 100%” and “EHASH PoS & Earn Floating Interest Rate 100%”. Can you tell us about the main features of each of these mining?

Amy X: Sure. This is a mining activity that we launched on gate.io. Thank you for noticing that. I can post some details here

D. Папа Роуч:

yes please

Amy X: GT lock-up mining EHASH annualized income 25%

1. Start: 2021-02-25 10:00 UTC+8

2. Token: GT

3. Term: 7 days

4. Annualized return: 25%

5. Rewards is are distributed daily

6. The reward comes from the actual onchain yield minus cost, which may vary from day to day.

7. End time: 2021-03-04 10：00 UTC+8

EHASH Lock-up and Earn, Floating Interest Rate 100％

1、Token: EHASH

2、Handling Fee: 0

3、Annual Interest Rate: 130%

4、Start Time: 2021-03-03 12:00 UTC+8

5、The principal and interest will be distributed when the lock-up period ends

6、End Time: 2021-03-10 12:00 UTC+8

EHASH PoS and Earn, Floating Interest Rate 100％

1. To participate in PoS & Earn, users need to join but do not need to lock-up the token

2. There is no handling fee.

3. The annual interest rate is 100% and will be adjusted based on the amount of token mined.

4. The interest will be calculated based on the average amount of token in position over a 14-day period borrowed token excluded.

5. The interest will be distributed every 14 days.

6. To continue to participate in the program, users need to operate manually.

D. Папа Роуч: great, looks like everyone can participate. Thank you for clarification! i think we ready for the last question from this part? 😉

Amy X: Thank you for so many good questions. And more are coming, right?

D. Папа Роуч: sure! we also have 10 questions in part 2 😁 and last one from this part 🙃

Amy X: OK, come

Q6 from Telegram user @Wormz28

To Help you grow and earn EHash for our work, you are giving out EHash equivalent to 10,000USDT as reward during your bounty campaign. I’m interested with this kinds of bounty programs, so can you give us the full details on how we can join? Also my favorite of all is the Invite Contest and I really want to join, but I can’t see how to participate, how will you know the top three users who invite the most new users? Is there a magic sentence or words need to be drop in the Ehash telegram group by the users I invited, like for example “im invited by @ inviter”?

Amy X: EHash Star Bounty campaign will last for a month. Participants can join by retweeting, inviting people to our community, creating contents, etc. The purpose is to unify our community to help EHash grow.

🔥🔥BREAKING NEWS! $EHash

💰10000 USDT is up for grabs in $EHash's first ever Star Bounty Campaign
Here are several ways to participate:
🔀Retweets
📸Videos
✍️Articles
⚡️Activators
📲Telegram
🐹Memes

⏱️Running from 8 Mar – 8 Apr

‼️READ: Instructions 👇https://t.co/W4tNwGrWjg

— EHash (@EHashDeFi) March 7, 2021

Gold Rocket | Satoshi Club: Thanks a lot for your answers! if you would like to share useful links and information with our community before opening the chat.🙏❤️🚀

Amy X: Please check out details in the above link

Gold Rocket | Satoshi Club: Now will be the most аn impressive piece of AMA!!!

Amy X: Can’t wait

D. Папа Роуч: big thank you for answers in part 1! @amy255 we will open chat for 2 minutes, after chat will be closed – you can start select questions from Satoshi Сlub members!

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Noman223

EHash is a token that anchors the Ethereum PoW mining power
How it will be beneficial for all investors
Please describe in details

Amy X: Each EHash corresponds to 0.01MHash/s Ethereum PoW hashing power. The initial issuance of 20,000,000 EHash corresponds to 200,000M of Ethereum network hashing power(Ethereum’s entire network hashing power is now 390,000G, 1G=1,000M). In this way, every EHash holder is supporting the Ethereum PoW mining power

Q2 from Telegram User @AllenLu

How much is the ETH limit that I can mine daily and claim or is it unlimited? i @amy255

Amy X: The amount of reward ETH depends on your hold EHash. So there is no limit for how much you can claim. It based on how many EHASH you hold.

Q3 from Telegram User @highpee

👋 Hello

You have mentioned that if the price of ETH drops by 20%, APR of EHash will subsequently drop and the APR will also increase if ETH price rises. Does this mean that your APR is directly linked to the price of Ethereum? If so, if I hold more ETH, can it help to improve my APR and mining speed?

@NathanXLi
@amy255

Amy X: EHash retrun and ETH return are correlated. But not in the way you described though. ETH price jump is an amplifier for EHash return, as the fiat return demoninated in USD is amplified. Which, if under the same multiple assumption, will cause EHash price to jump more.

Q4 from Telegram User @K2ice

For the 10000 USDT up for grabs in $EHash’s first ever Star Bounty Campaign, what can I do to be eligible to be among the winners?

Amy X: Actually, it is simple. Be active helping us promote on Twitter or Telegram according to the rules, and produce more high-quality contents. Sometimes, there are too many bounty campaign to participate. But we do give high enough bounty to thank for the help from the participants. It is worth to join. https://twitter.com/EHashDeFi/status/1368629162970255360?s=20

Q5 from Telegram User @KASG95

If indeed the mining power is guaranteed by the supplier while there is a malfunction, then why not provide that guarantee when the cost of energy exceeds 20% of the mining reward?

Amy X: very good question. 👍 This is a de facto unavoidable issue. We’ll develop a hedging mechanism to contain this issue. We are cooperating with a prominent derivatives trading team to design a product that will contain the energy cost within a certain range. If this product is rolled out, EHash holders could pay a small percentage of mining revenue to lock in a long term stable reward.

Q6 from Telegram User @esrarengizbtc

What is your ultimate goal in the growing Crypto market?

Amy X: Our goal is to build a bridge for the mining industry and the DeFi world. In detail, we distribute our mined ETH to EHASH holders and will create more easy, interesting and high-rewarding ways to create a diverse mining ecosystem. In this way, we decrease the treshold of bing a miner for DeFi ordinary users, and give the joy of being a miner to them.

Q7 from Telegram User @Yongpol

Hello @NathanXLi @amy255 welcome to Satoshi club! 🤝

How do you distribute incentives to Miner and how enticing is the incentives?

Amy X: Please wait for the annoucement. What I can disclose at this stage is that the mechanism is designed so that people will have a dynamic choice among staking & liquidity mining. An equilibirum is going to form, if executed properly

Q8 from Telegram User @surendra040

Hello! @amy255

Project like Ehash may require to spread awareness and need educate to the new users, do you offer any ambassador programme role for it , how do you plan to aware about your project and marketing plans?

Amy X: Please join our channel at https://t.me/EhashGlobal to apply for an ambassdor position. Our CM will discuss this issue with you.

Q9 from Telegram User @boradam

How do you aim to create a strong and diversified community with the Ehash project?

Amy X:

We hope more people that are miners or want to be miners can join our community. We will be a community with our own identified features. Actually, even though, you didn’t mean to be a miner, the moment when you strat holding EHASH, you already have been a ETH miner automatically.😁

Ehash is building more communities in more languages. If you have any suggestions, or want to help us, please dm me.

Q10 from Telegram User @KhaleesiTheCryptoLady

You mentioned earlier that by holding EHash token we can mine ETH, so how much is the guaranteed ratio could be received in a certain amount of EHash that, for instance, I hold?

@amy255
@NathanXLi

Amy X: The mining reward is dynamic, depending on a lot of factors. For example, you need to consider the total hashing power of Etheruem network, ETH price etc. But nayway, those factors will stay stable for a relatively long time and predictable , unlike those DeFi projects who diminish in a few days

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Ehash. They’ve prepared 4 questions for this part. The total reward pool for quiz was 600$.

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:

Ehash: https://ehash.co/

We are pleased to announce our next AMA on March 19th 2021 at 02:00 PM UTC Time: Satoshi Club x ARTX

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

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

Part 3: 300$ – A quiz about ARTX

For more details:
ARTX – @artxcommunity
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on March 18th 2021 at 02:00 PM UTC Time: Satoshi Club x SIL Finance

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

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

Part 3: 300$ – A quiz about SIL Finance

For more details:
SIL Finance – @sil_finance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on March 16th, 2021 at 02:00 PM UTC Time: Satoshi Club x Zenlink

⚠️Click to see the hour
⚠️Total Reward pool: 800 ZLK

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

We will have the following structure:

Part 1: 100 ZLK /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 ZLK/10 users – Open chat for 120 seconds. You can post Max 3 questions. Zenlink Team will select 10 questions and answer them.

Part 3: 600 ZLK – A quiz about Zenlink

For more details:
Zenlink – @ZenlinkPro_EN
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 Apron Network. Our guest was @Philex_Zhang the CEO of Apron Network. The AMA took place on 10^th 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 Apron Network! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club: Hi, dear community!

Let’s start our today’s series of AMA marathons with Apron Network.🚀🚀🚀

Philex Zhang: Hey great people from Satoshi Club!

Great to be here

Gold Rocket | Satoshi Club: Today our guest is @Philex_Zhang!

Welcome to Satoshi Club, @Philex_Zhang!

Mary | Satoshi Club: Hello, Philex! Welcome here 👍

How are you today?

Philex Zhang: Couldn’t be better

Gold Rocket | Satoshi Club:We are honored to welcome you here!👋

Philex Zhang: I can’t wait to introduce apron network to you guys!

Mary | Satoshi Club: Great!

Let’s start 🚀

Gold Rocket | Satoshi Club: To begin with, please tell us a few words about yourselves and how did you get to be involved in crypto & Apron Network?

Philex Zhang: definitely. I’m Philex Zhang the CEO of Apron Network. I graduated from National Computer Information Content Security Ket Laboratory of Harbin Institute of technology as a PHD student in 2012, and worked in Feitian Safe Ltd as the senior system security analyst for 3 years before moving to New Zealand and worked as a networking engineer since then.

Cryptography is a key area of our information security research and it’s safe to say that I have been following the development of cryptocurrency since its birth!

Mary | Satoshi Club: Technology always was your passion 😀

Philex Zhang: Definitely

Gold Rocket | Satoshi Club: Your background is amazing!👍

Mary | Satoshi Club: Did you recognize the potential of crypto from the beginning? Or first you had doubts?😀

Philex Zhang: Haha good question. Since we focus more on the technical side so we didn’t really think about it as a financial instrument at the beginning to be honest. But I did bought some Bitcoin back then 😉

Gold Rocket | Satoshi Club: I hope you didn’t spend it on pizza? 😁

Philex Zhang: With Apron Network we want to bring Web3.0 forward to its fruitation

Mary | Satoshi Club: Got it, your intuition works perfectly 😀

Philex Zhang: Loooll I didn’t

Thankfully

I’m not a pizza guy

Gold Rocket | Satoshi Club: Your intuition did not deceive you! 😁

Philex Zhang: Haha should we start talking about Apron Network then I’ll buy you guys pizza

Mary | Satoshi Club: But you intuition leaded you to Apron Network 😀

Philex Zhang: Exactly

I didn’t realized the potential of Bitcoin but I do realize the potential of Polkadot and Web3.0 in general

Mary | Satoshi Club: Tell us about Apron Network as much as possible 😀

Philex Zhang: I have no doubt that that’s how the future will look like

For suren

“The Apron Network is a decentralized platform created by Apron Labs to provide infrastructure services for dApp developers, dApp users, and operators in the blockchain world. In the initial stage we will provide node service, on-chain data indexing service, random numbers, price feed service and etc for Polkadot ecosystem, also we will provide Ethereum, BSC, Heco and much more public chain in the forthcoming future.”

Heres a quote from our website

And it might be a bit too technical for ordinary retail investors to grasp

So please allow me to explain it a bit in more layman terms

Mary | Satoshi Club: Sure👍

Gold Rocket | Satoshi Club: What tasks and goals do you set for yourself?

Philex Zhang: We want to try our best to explain what we are actually doing to our potential investors before they make their decisions

Gold Rocket | Satoshi Club: It is commendable! 👍

Philex Zhang: We want to become THE infrastructure service aggregator of the Web3.0 era

This is our long term goal

People might be a bit confused about this whole infrastructure thing

Gold Rocket | Satoshi Club: This is a really cool goal! The Web3.0 era is coming!

Mary | Satoshi Club: We are your potential investors! I will listen to you with pleasure 😀

Philex Zhang: Because from our day to day life ordinary web users don’t really see these infrastructure just like the sewing system of our city

But the city simply can’t function without them

The first and foremost infrastructure we will be providing is “decentralized node services” to DApp developers

The decentralization is what differs Apron Network from the existing node service providers

Let me explain in detail why that’s important

Gold Rocket | Satoshi Club: Feel free🙏

Mary | Satoshi Club: Yes😀

Philex Zhang:  As you might know, all the DApp developers currently have to rely on centralized node service providers such as Infura(I think Infura is already quite well know among even the new comers in crypto field) because the nodes are essentially what connect DApps with the underlying blockchain, and all the volume happens there.

DApp developers NEED node service.

Mary | Satoshi Club: Yes, we are familiar with this name

Philex Zhang: and the centralized ones are currently their own choice

But theres a problem with centralization. A huge one.

Gold Rocket | Satoshi Club: Indeed😊

Philex Zhang: Do you guys remember around the end of last year there was this huge incident where Binance, Metamask, Coinbase all went down at the same time for around 2 hours?

Mary | Satoshi Club: Yes, and it was from Infura side

Gold Rocket | Satoshi Club: yes it was a disaster

Philex Zhang: Right? I remember seeing a lot of people panicking and so on and I totally understood their fear

Exactly.

This happened because Infura forgot to update their Ethereum node on time

A small mistake in a centralized service provider can potentially cause a catastrophe

Of course the problem was quickly solved after 2 hours

Mary | Satoshi Club: Yes, so small mistake and so many problems

Philex Zhang: Still it sounded an alarm

Gold Rocket | Satoshi Club: Quite right! Have you come up with a solution? 😊

Philex Zhang: We need node services that won’t just go down when some one in the system made a mistake

Yes we believe we do!

Mary | Satoshi Club: This will be perfect 🙂

How your service will work?

Philex Zhang: With Apron Network essentially we aggregate everyone who has the ability to set up their own nodes and the developers will be able to choose whoever they want to work with. They can even choose to use several different node service providers at the same time, so that when let’s say one of the nodes goes down, their platform will simply just continue working on other nodes without any problem

Mary | Satoshi Club: That’s great solution! Will you have different types of the nodes?

Philex Zhang: For node service providers on the other hand, we provide them with a full SDK(software development kit) so that they can easily set up their node and connect withApron Network then become a node service provider

Gold Rocket | Satoshi Club: it looks very tempting!

Philex Zhang: That solely depends on the node  providers they can choose to set up their own server and connect it with Apron Network or they can use Amazon Cloud for example but our customer will choose what kind of node they want based on their need

Gold Rocket | Satoshi Club: on what terms do you provide SDK?

Philex Zhang: Or they can just pick up different kinds at the same time

Mary | Satoshi Club: Gotcha 👍

Philex Zhang: To all those who want to connect their service to Apron Network!

Later on we will launch our Apron Market as well. It will be like Amazon for infrastructure service. People can go shop what kind of service they need

And anyone who want to list their service on Apron Market can use our SDK

Mary | Satoshi Club: Really cool solutions! Thanks for this explanation!

Gold Rocket | Satoshi Club: Thanks for the great intro! Do you want to add something? Or maybe we can proceed to questions from community?

Philex Zhang: Oh year just a little ad here 🙂 we just launched a functioning version of Apron Network on Heco ecosystem (the Huobi ecosystem) and if you are a DApp developer looking to develop on Heco you can now use our node service free of charge

It’s like a demo version of our mainnet we want to test all the functions and such to make sure when we launch on Ethereum and Polkadot It’s ready to used

Mary | Satoshi Club: It’s a great call for all developers!🚀

Philex Zhang: https://dashboard.apron.network

To apply you can go to our dashboard 🙂

Gold Rocket | Satoshi Club: great opportunity👍

Philex Zhang: Ok that’s it!

Gold Rocket | Satoshi Club: 🚀🚀🚀

Q1 from Telegram user @Karoceh

I read in the medium that Apron is providing free services for developers in the Heco ecosystem. Why do you prefer to provide free service while you can generate profit from this service? Is this free service temporary or permanent?

Philex Zhang: Ohh good question

It’s gonna be temporary and we will manage the nodes ourselves at this stage

Gold Rocket | Satoshi Club: 😉Question in the topic of conversation 👍

Philex Zhang: As I said this is only a demo version or testnet we want to attract our potential customers get a little taste of what Apron Network would be like so they can get comfortable with the idea of decentralized service provider

Philex Zhang: We also just started our big bounty program on Heco

Mary | Satoshi Club: Did you already get any feedback from first demo version users?

Philex Zhang: If you are a developer and want to try Apron Network out while also win some tokens at the same time this gonna be your chance!

We are still in the application stage we want to select those who might help us improve and give us genuine feedbacks

Not like you know those crazy APY coins

Mary | Satoshi Club: Ahaha, you read my thoughts😂

Philex Zhang:Yeah! Personally I don’t like them that much but I guess this is just the necessary step of development

We are at the wild jungle stage still so

Mary | Satoshi Club: And sometimes it’s great! Because we can start really awesome things and develop them from the beginning 😀

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

Philex Zhang: Exactly! The wild jungle is where all the weird flowers and animals can flourish

For sure!

Q2 from Telegram user @MihaiPisica

Apron aims to be the decentralized version of ”Infura” of the Polkadot ecology. And as we know, Polkadot has been one of the fastest rising decentralized networks in recent times, with the remarkably sheer number of dApps springing up across the Polkadot ecosystem. With such a great mandate to enable inter-blockchain communication, there is a need for utilities that streamline access to Polkadot data and services. In this case, what is the significance of Apron to Polkadot Ecosystem? What makes Apron Network be perfect for any Polkadot application? In which way does Apron Network see the opportunity to change how parachains connect with the Polkadot network? Can you describe the Apron Network’s easy-to-use “module” for Polkadot ecological developers?

Mary | Satoshi Club: Long read 😀👍

Philex Zhang: Totally. The significance is that everyone needs to build on infrastructure. No matter you are opening a Restaurant or a club or a I don’t know baseball field, you will need the sewing system in work. Apron Network is built based on substrate framework, so we are born with Polkadot blood in a sense. We carried the interoperability which means we won’t just stay on Polkadot ecosystem. Our service platform will be cross chain.

Gold Rocket | Satoshi Club: reasonably and thoughtfully enough 👏👏👏

Philex Zhang:  Projects on Polkadot or on other blockchain will need services like oracle, on chain data indexing, random number generation etc, and with apron network they can have them in the simplest way.

Mary | Satoshi Club: I know that there are other projects that provide let’s say ‘similar’ services, do you consider them as competitors or possible partners?

Philex Zhang: Haha I like to say that “Apron Network has no competitors.” I don’t mean this in a egomaniac way. What I’m trying to say is that Apron Network is just a platform and if you are a service provider then you can easily connect your service onto Apron Network even if you are already connected with 100 other platforms. And the customers will just choose the services that serve them the best.

That being said if you are a service provider on Apron Network you will be competing with other service providers such as API3 or Chainlink

But generally speaking I believe the spirit of Web3.0 is partnership over competition

Mary | Satoshi Club: Blue Ocean strategy 😀

Philex Zhang: We will reach out to those similar platforms(I don’t know any at the time) and partner with them because there’s simply no reason to compete over customers at this point

Gold Rocket | Satoshi Club: Gold words🤝

Philex Zhang: This is still an undiscovered field

Let’s move on!

Mary | Satoshi Club: Btw, do you think that web 3.0 popularity is the next thing after DeFi and NFT hype?😉

Gold Rocket | Satoshi Club: And you are the pioneers! You can set trends 😁

Philex Zhang: Haha web3.0 will never be a hype in my eyes but yes I’m sure there gonna be a frantic phase at some point

Q3 from Telegram user @meml97

I read on your whitepaper that Apron Network aim is to provide services such as on-chain data indexes, node services and more for Polkadot, HECO and Kusama ecosystems, but what about other ecosystems like Ethereum, Cosmos, BSC, will your services be available for this as well? Also, I read that nodes will receive a service fee paid, will this fee change depending on the ecosystem?

Mary | Satoshi Club: I know that it sounds a bit rough, but we are in jungles😂

Philex Zhang: Definitely we will be cross chain and even project originally built on let’s say Ethereum will be able to provide their service to cosmos customers on Apron Network

The fee will be set by service provider and it will be a total free market

Mary | Satoshi Club: It’s like news from the future 😂

Philex Zhang: Haha yes we are trying the hardest to bring the future to the front of our eyes

It feels so damn close sometimes

Mary | Satoshi Club: Thanks! For me everything is clear! Do you want to add something or we can go to the next question?

Philex Zhang: Yes let’s move on!

Q4 from Telegram user @meml97

On your tokenomics section in your whitepaper you said that the service call will charge a certain gas fee and certain service usage fee, all of this of course will be done with APN, that is your native token, so, could you tell us more about this token? Besides what I mention before, what other utility cases will it have? And since you are a system that will work with a lot of blockchains, what kind of token will it APN be? Will users be able to use it in all those blockchains you offer services for?

Philex Zhang: Definitely i like to explain our tokenomics with investors haha

Normally they love it

Mary | Satoshi Club: Yes, we are watching and writing down😉

Philex Zhang: The maximum issuance of APN is 1 billion tokens, no pre-mining

Institutional private sale constitutes 15% of the total amount and 25–30% will be unlocked after listing, while the remaining token will be unlocked within the following year.

The team has 5% of the tokens and 15% will be unlocked every 6 months after listing

Advisor 3% having 25% unlocked after listing, while the remaining token will be unlocked within the following year.

Ecosystem construction 17%: these tokens are mainly used for LPO (slot auction), market activities, airdrops, etc., and they are managed by the foundation

Philex Zhang: This is the basic tokenomics

APN has several utilities

Ohh APN is our native token btw

1. APN token will be used for actual payment from the customer to the service provider just like @meml97 described

That’s the most fundamental use case for APN

Mary | Satoshi Club: Could you tell us how LPO will work?😀

Philex Zhang: 2. Apron Network charge a service fee when a service is called, and these tokens will then be destroyed or locked, which makes APN a deflationary token

Investors love deflationary tokens

Yes! So we are planning to participate in the Kusama auction for parachain. And by then we will be needing a huge amount of KSM(Kusama native token) to be locked. We need the support from our community to basically lock their KSM for us and in return we give them back a really good amount of APN token as rewards

Mary | Satoshi Club: When it will take place?😀

Gold Rocket | Satoshi Club: How can we join?

Philex Zhang: We are not sure about the exact date yet but we are already preparing for it

We will post a detailed step-by-step manual soon

Mary | Satoshi Club: Great, we will be waiting 😀

Philex Zhang: And back to the token use case!

Almost forgot

Mary | Satoshi Club: Sure👍

Gold Rocket | Satoshi Club: don’t forget to share with Satoshi Clubbers😉

Philex Zhang: 3. To retail investors the most obvious use case for APN will be staking to earn passive income

We will have several different kind of staking pools for different Risk preference

High risk high rewards low risk low rewards, and they serve different function in the network as well

It’s a bit complicated so I’ll just leave this general idea here if you want to learn more feel free to check out our medium page

They are not staking pool just for the sake of staking so to say

Gold Rocket | Satoshi Club: By the way, you can share a link to the medium😉

Philex Zhang: Apron-network.medium.com

Mary | Satoshi Club: Nice use cases😉 and good choices for your investors!

Philex Zhang: Here’s our medium it has a lot of informative articles there

Gold Rocket | Satoshi Club: Thanks for sharing🚀

Philex Zhang: Go and find out all about apron network!

Mary | Satoshi Club: Yes, i already come through, my evening will be busy today 😂 i will dive deeper

Philex Zhang: The rabbit hole is here!

Mary | Satoshi Club:Yes😂 Ready to jump to the next question or you want to add something?

Philex Zhang: Yes!

Let’s move on

https://apron-network.medium.com/apron-network-token-economy-and-token-utility-671e7d9c10b8

Q5 from Telegram user @Indomiekuy

i see that Apron Network already finished doing their PreSale. Can you share about how much your target for seed round and did the target sale success ? and also who are your investor for seed round can you share a little about that ?

Philex Zhang: Here’s the link to our tokenomics article

Mary | Satoshi Club: 👍

Philex Zhang: Yes we actually have another article about our early investors

Hold on

https://apron-network.medium.com/apron-network-successfully-closes-the-seed-and-private-sale-funding-rounds-fc4e6f934344

I don’t want to brag but these are big names loooll

Gold Rocket | Satoshi Club: no need to be ashamed to be awesome😁

Philex Zhang:These top investors are really keen on web3.0 infrastructure projects

And it’s safe to say we are holding their attention for quite some time 😉

Mary | Satoshi Club: Yes, you did awesome marketing and development job!

Philex Zhang:We are doing our best

What’s the next question?

LFG!!

Q6 from Telegram user @alberto_vzla

I have seen that Apron Network places a lot of importance on the orientation of users to generate a good connection with Apron MARKET. How are the Apron MARKET services classified and what options do they offer to establish good dApps developers?

Philex Zhang: Generally speaking there are node service, random number generation service, oracle service(Chainlink), and on-chain data indexing service(the Graph)

Mary | Satoshi Club:What does random number generation service means?

Philex Zhang: And DApps developers will save a lot of effort on building their own infrastructures, they can come to Apron Network like going to IKEA

One stop then all infrastructure are there

Mary | Satoshi Club: I am not so tech, but it’s really interesting to understand.

Philex Zhang: Like for example if you make a NFT blindbox NBA topshop for example

The result has to be totally random so that it won’t be maliciously manipulated

Mary | Satoshi Club: You know😂

Gotcha 👍

Philex Zhang: Looolll it’s everywhere

Mary | Satoshi Club: Never thought i will be interested in NBA😂

Philex Zhang: Exactly haha

Gold Rocket | Satoshi Club: Thank you very much for your answers! It was second to none! You have a talent for explaining complex things in simple language! @Philex_Zhang 😊👍

Philex Zhang: Haha I’m trying my best

Gold Rocket | Satoshi Club: Do you want to add something before the most emotional part of our AMA? ☺️

Philex Zhang: No let’s move on! It’s exciting

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Ebelto

What requirements do I have to meet as a developer to be able to create my Dapp on Apron? Or should I just register and I can start developing my Dapp, is it really that easy?

Philex Zhang: For our mainnet we don’t set criteria for developers Apron Network is a platform where everyone can come to use the service here and build their DApp this is gonna be the future. Freedom for everyone

Q2 from Telegram user @Korryl

Im just curious could u explain to me why do blockchain really need Decentralized Infrastructure Service Network that Apron Project have like now? What problem in blockchain ecosystem do you want to solve?

Philex Zhang :Just like I explained earlier centralized service providers are super fragile when face black swan events and what can happen will happen right?

Q3 from Telegram user @Gutike95

You mention that with Apron you can access Polkadot, Eth, Eos and Filecoin to create the Dapps, but have you really not thought about incorporating it into BSC? or really BSC doesn’t need it?

Philex Zhang :We are working on moving onto BSC as we speak we plan to launch there in Q2

Q4 from Telegram user @highpee

 You just launched a functioning version of Apron on HECO ecosystem. How is this functioning version different from the main version and what function are unavailable for this version? Will consider launching on other chain like BSC sometimes in future? @Philex_Zhang

Philex Zhang :Right now it’s limited to node services and we will provide the service ourselves so it’s not yet decentralized

Q5 from Telegram user @Smartling

What requirements do I need to fulfill to become an Inspector? What do I stand to benefit from being an inspector and what are the risks involved in being an inspector?

Philex Zhang :As long as you are a token holder you can become an inspector and earn passive income by staking your token in the inspector pool

Q6 from Telegram user @Boylut

Is there a fixed date for your TGE and how does the token release schedule looks like? @Philex_Zhang

Philex Zhang :We are planning to launch our token around late March and we are in talk with tier 1 exchanges right now. We will list on them upon token launch

Q7 from Telegram user @Abisola1

What function does Apron SDK play in Apron Network?

Philex Zhang :It’s crucial because it helps service provider to incorporate into Apron Network basically in a one-click fashion

Q8 from Telegram user @Abisola1

Do you have any notable partners in the industry?

Philex Zhang : We just announced our partnership with Phala, Kylin and Trustbase they are helping a great deal for us to improve our user experience

Q9 from Telegram user @Abisola1

Who are Apron Network target customers? Can a novice make use of Apron Network or is there a guide on how to go about it?

Philex Zhang :There will be a detailed guild on how to use Apron Network but I would say our target customers are DApp developers who have the basic knowledge of what they are doing and what they need

Q10 from Telegram user @lahkoklu

the thing that is feared by users and investors is hacking, so what about the extreme level of security and infrastructure in the Apron Network to protect it?

Philex Zhang :apron network will do encryption on all the service provided and used by our customers, which means that for example when someone tries to attack a project by hacking into their nodes, they simply wouldn’t be able to know where to shoot

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:

Discord: https://discord.gg/esx6W3PYVp/

Telegram: https://t.me/ApronNetwork/

Twitter: https://twitter.com/apronofficial1/

Medium: https://apron-network.medium.com/

PART 1. Introduction of PolkaFoundry project and community questions.

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

PolkaFoundry is a One-stop dApp factory providing interoperability with DeFi and Web 3.0 ecosystems.

1. Leveraging the thrilling ecosystem, true interoperability, and the unprecedented scalability of Polkadot and Substrate;
2. Unique UX-enabling features bring DAPPs to a much broader population;
3. EVM-compatible, straightforward to migrate from Ethereum;
4. Built-in made-for-DeFi services make it easy for DeFi apps to manage identities, store files, and access Oracle data.

The plan of AMA session:

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

The reward pool is 800$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @madamlobster and Gold Rocket | Satoshi Club @GoldRocket27

The Representative of the project:

Thi Truong (pronounced as Tee) – @thi_pkf – PolkaFoundry Co-founder 

Introduction of PolkaFoundry project.

Mary | satoshi club:

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

Gold rocket | satoshi club:

Hello, dear satoshi clubbers!

Today our guest is @thi_pkf!😊

Thi | Polkafoundry | co-founder & ceo:

Hey there, thank you, everyone, glad to be here, this group is huge 😀

Mary | satoshi club:

Welcome here 👍 how’s going?

Gold rocket | satoshi club:

We are also very excited about the upcoming ama😁

Thi | Polkafoundry | co-founder & ceo:

Yeah, let’s start!

Mary | satoshi club:

Could you please introduce yourself and tell us more about Polkafoundry?😀

Thi | Polkafoundry | co-founder & ceo:

Sure mary. My name is Thi truong (pronounced as tee). I’ve been working in the software industry for 10+ years.

Mary | satoshi club:

It’s a long term 👍

Thi | Polkafoundry | co-founder & ceo:

I started my career in blockchain with Kyber network 3 years ago, working as a key member of Kyber core team. It was a good time, working with many talented people, I learned a lot. A year later, I quit Kyber and founded Icetea platform which is Polkafoundry now.

Mary | satoshi club:

Sure, it’s a great team!

Thi | Polkafoundry | co-founder & ceo:

It was a great journey we went through the winter of crypto and sustain to this day

Gold rocket | satoshi club:

Impressive background👍

Thi | Polkafoundry | co-founder & ceo:

Yep, the leaders are visionary. Thank you.

Mary | satoshi club:

Yes, I still can’t believe the winter is over😂

Thi | Polkafoundry | co-founder & ceo:

Haha, winter is a good time though.

Mary | satoshi club:

What is the main concept of Polkafoundry?😀

Gold rocket | satoshi club:

Tee! How did you get to be involved in Polkafoundry?

Mary | satoshi club:

Yes, it’s the best time for development 😉

Thi | Polkafoundry | co-founder & ceo:

Polkafoundry is “a production hub for DeFi apps on Polkadot”. When I told my friends so, no-one understands 😊 So, let’s look at this picture:

Basically, Polkafoundry is a DeFi-friendly platform for developers to build DAPPs

Gold rocket | satoshi club:

Why did you choose Polkadot out of all blockchains? 😊

Thi | Polkafoundry | co-founder & ceo:

It includes:

– a blockchain with innovative features

– a set of built-in DeFi-friendly services

It is straightforward to develop new DAPPs as well as migrate existing DAPPs from Ethereum

Yeah, that’s it

I hope it is clear enough mary

Gold rocket | satoshi club:

Great intro👍

Mary | satoshi club:

Yes, it’s enough for the beginning and it’s impressive 👍 I like when everyone’s life becomes easier 😀

Gold rocket | satoshi club:

Are you ready for questions from Satoshi Clubbers?😁

Mary | satoshi club:

Thank you, Thi for your great intro!

Thi | Polkafoundry | co-founder & ceo:

I am ready!

Mary | satoshi club:

Let’s go 🚀

Preselected questions about the PolkaFoundry DeFi project.

Gold rocket | satoshi club:

Q1 from telegram user @highpee

 You founded the Icetea platform but later rebranded to become what is now known as Polkafoundry. Why was this rebranding necessary and how does this benefit Polkafoundry? Also, I also discovered that the old platform is still active and the website (icetea.io) is currently functioning with the information on the two websites similar. To avoid confusion and ensure that am not interacting with the wrong website, I want to know who are the ones now operating the old platform or whether you are still running both platforms simultaneously?

Thi | Polkafoundry | co-founder & CEO:

Thank you, great question.

We decided to join the Polkadot ecosystem. That’s why we change the name to closely reflect what we are doing

So we rebranded. The old website still works, and it is valid, As we migrate to Polkadot, the old blockchain still works perfectly. When we finish the Polkadot version, we will migrate the old DAPPs to the new blockchain.

Mary | satoshi club:

You had your own blockchain there?

Gold rocket | satoshi club:

This is unexpected, to be honest. That is, are you planning on using both?😁

Thi | Polkafoundry | co-founder & ceo:

No, the old blockchain is considered phase 1. The new one on Polkadot will replace the old one, and it is phase 2. But we can reuse most of our knowhow, features, etc. And bring it to phase 2.

Polkadot ecosystem is growing rapidly recently. We belleve our experience and innovative solutions can contribute significantly to its development

Gold rocket | satoshi club:

I am sure that your intuition and experience did not disappoint you! 👍

Mary | satoshi club:

Was your community happy about this decision?

Thi | Polkafoundry | co-founder & ceo:

Yes, i did it because it is good for our community. When we do our own blockchain, it is very hard to build developer community, you need very large financial and support.

Mary | satoshi club:

So, everyone is happy and Polkadot got a perfect member of its ecosystem 😀👍 that’s great.I understand .😀

Thi | Polkafoundry | co-founder & ceo:

It is now better to join the thrilling ecosystem like Polkadot. We need friends, partners to realize our vision. It is hard to go alone

Gold rocket | satoshi club:

By the way, tell us a little more about your team of like-minded people.

Thi | Polkafoundry | co-founder & ceo:

We are an global team of 20+ members, since 2018, located in several countries

Gold rocket | satoshi club:

How many people make up the core of the team, what kind of work do they do?

Thi | Polkafoundry | co-founder & ceo:

Team & advisor experience includes Kyber network, Tomochain, Harmony, JP morgan, Delloite, PH.D at Kyoto university, etc.

Gold rocket | satoshi club:

In the days of covid, this is really good!👍

Thi | Polkafoundry | co-founder & ceo:

We are backed by Rikkeisoft, one of the biggest software companies in Vietnam with 1200 developers, and can support us with high-quality developer resources.

Image how that’s different! Many other blockchains goes with marketing first, and struggle to outsource their tech part

Mary | satoshi club:

Wow! With such support, you can do big things 🚀

Thi | Polkafoundry | co-founder & ceo:

We are also strategic partnership with Duckdao who will back our early-stage growth with long-term investment

Mary | satoshi club:

Yes, you are right, it’s really different

Thi | Polkafoundry | co-founder & ceo:

And partner with momentum 6, the marketing company that is behind the marketing of many successful blockchain projects like harmony, Mantra DAO, APY. Finance, etc. It is lucky that we are backed by top VCS.

Mary | satoshi club:

Oh, familiar names 😀

Thi | Polkafoundry | co-founder & ceo:

Yeah, we are confident about our team, but still looking for talents from all over the world. Haha, enough about the team I  guess.

Mary | satoshi club:

It’s impressive info! Really great team for a great project 😀 Thank you for your answers, Thi! Ready to proceed?

Thi | Polkafoundry | co-founder & ceo:

I am ready.

Gold rocket | satoshi club:

Yes, so many excellent partnerships👍

Q2 from telegram user @mihaipisica 

As we know, Polkafoundry is the newest project to host a public sale on the Duckstarter platform and offer public allocations for users. One important note about this Duckstarter offering is that it’s going to be a lottery. There are only 100 seats available, and $50k in allocations. My questis: what are the terms and conditions for users to join the Polkafoundry ido? How we can get a Duckstarter tier and what are the steps to be eligible for it? Can you explain please a bit the Duckstarter process? Is there a KYC process to complete? And is there any restriction for some countries?

Thi | Polkafoundry | co-founder & ceo:

Originally, we plan to do dual IDO on both Duckstarter and paid ignition on 10 mar.

But due to the hack happens to paid, we decided to delay it

Gold rocket | satoshi club:

It’s tomorrow!😁🚀

Thi | Polkafoundry | co-founder & ceo:

We will make an official announcement about our new IDO in a few hours

Mary | satoshi club:

It’s sad🤷

Gold rocket | satoshi club:

Would you like to tell us more about this?

Thi | Polkafoundry | co-founder & ceo:

But it is postponed for about 1 week. It will be announced in a few hours, so please wait for it 😁 But we will honor the ones who already did the whitelist on paid.

Mary | satoshi club:

You know, I like crypto shopping very much. Really, how do you rate the chances of the ordinary crypto users getting some of your tokens?😂

Thi | Polkafoundry | co-founder & ceo:

They will do the lottery, so it is hard to get a ticket though.

Gold rocket | satoshi club:

Well let’s try our luck😁

Mary | satoshi club:

I feel it is near zero. Tell us why you are distributing so small amount of tokens for IDO?

Thi | Polkafoundry | co-founder & ceo:

For Duckstarter whitelist process, let’s follow the link 

We will extend the whitelist period and add an extra public pool

Let’s wait for the announcement

Mary | satoshi club:

Oh, ok! We will stay tuned 🙂 Thank you for your answers! Ready to jump to the next question?

Thi | Polkafoundry | co-founder & ceo:

Yeap.

Gold rocket | satoshi club:

Thanks for sharing👍

Gold rocket | satoshi club:

Q3 from telegram user @jesusfre1tes   

Polkafoundry is designed to give developers free rein to explore new horizons of the DeFi landscape. My question is, what are the tools you provide to these developers so they can innovate and create innovative DAPPs, never seen before in the DeFi space? These DAPPs will only be compatible with the Polkadot network? Do you plan to adapt your protocols to other blockchains?

Thi | Polkafoundry | co-founder & ceo:

Great question. First, we are Ethereum compatible, so it is straightforward to migrate apps from there.

And developers can use their familiar Ethereum tools like the remix, Metamask, truffle to develop on Polkafoundry

Gold rocket | satoshi club:

This is very good i think👍

Thi | Polkafoundry | co-founder & ceo:

Second, we provide easy-to-use wrappers and APIs for services such as decentralized identity, decentralized storage, and hand-selected oracles. Finally, we offer what we call ” UX-enabling” features, to allow developers to create DAPPs that are most easy to use by normal users. You know, DAPPs are hard to use for mere mortals, onboarding is very hard. Just to give some examples of our UX-enabling features:

Mary | satoshi club:

Sure! Do you already have developers which are ready to use your services?

Thi | Polkafoundry | co-founder & ceo:

1. Signing key: used in place of the private key, each signing key has an expiry time and a limited set of permissions. Thus, leaking yields much less serious consequences.

This more efficient signing process improves both DAPP security and the ux safeguard the keys.

2. Flexible payer: DAPPs can pay transaction fees for users in a decentralized manner.

As a result, DAPPs can employ much more flexible monetization strategies, such as free, freemium, pay-to-unlock, and in-DAPP-purchase models. Onboarding becomes seamless.

3. Polkaid: an off-chain service that encrypts a user’s key, splits it into parts, then distributes the keys to multiple independent and secure key management services.

This shifts the burden of keeping keys from users, while still preventing illegal access from any single central authority

Gold rocket | satoshi club:

Absolutely right! Mass adoption needed!

Thi | Polkafoundry | co-founder & ceo:

I will push forward the DAPPs UX because we believe it is the road to mass adoption

Mary | satoshi club:

Signing key can be used instead of the private key, right? But users can still use their pk, right?

Thi | Polkafoundry | co-founder & ceo:

Sure. But DAPPs could use a signing key if they don’t need the private key.

Mary | satoshi club:

Got it, it’s something new for me😀

Thi | Polkafoundry | co-founder & ceo:

It is like the CEO, assigning different spending budgets for his/her subordinates. That reduces the risk very much

Gold rocket | satoshi club:

I liked this use case👍 Many thanks! Would you like to add something else? Or can we proceed to the next question? 😊

Thi | Polkafoundry | co-founder & ceo:

Next, please.

Gold rocket | satoshi club:

Q4 from telegram user @lzamg

 One of the solutions that Polkafoundry brings to its users is the flexible payer, an application to pay transaction fees in a decentralized manner. Can you mention the issues that this feature aims to solve? How does work exactly the flexible payer and what are its functions?

Thi | Polkafoundry | co-founder & ceo:

Ok, I’ll explain this. When you guys use any DAPPs, you have to have some coin to pay the transaction

For normal users, it is hard to go to the exchange to buy coins just to try an app. So, with the flexible payer, a DAPP can pay transaction fees for users, if it decides so. This will lead to a much more natural and flexible monetization strategy for DAPPs

Such as: free, trial, pay to unlock, in-DAPP-purchase. The DAPPs can pay for users who satisfy some conditions (these conditions may be set to the contract through oracle services)

Mary | satoshi club:

That’s great functions!

Thi | Polkafoundry | co-founder & ceo:

Our blockchain support this natively, as the user can specify who pays the fees when sending transactions

Gold rocket | satoshi club:

Cool feature!👏👏👏

Thi | Polkafoundry | co-founder & ceo:

And the blockchain will ask if the smart contract agrees to pay. Kind of that It is hard to explain technical stuff here in a short time though 😃

Mary | satoshi club:

They can switch on/off these functions?

Thi | Polkafoundry | co-founder & ceo:

Yes, it is the developer’s decision.

Mary | satoshi club:

I mean they can pay for users from the beginning and then when they have enough users they can switch off this, right?

Thi | Polkafoundry | co-founder & ceo:

Yes, or they can let you use free first

Gold rocket | satoshi club:

Sounds good!

Thi | Polkafoundry | co-founder & ceo:

And after you reach a limit, or want to unlock/use an advanced feature, the contract will refuse to pay

Mary | satoshi club:

Got it! Really great feature! I want more apps to use it, because, as you stated we can’t try a lot of apps now.

Thi | Polkafoundry | co-founder & ceo:

And you have to pay yourself to use it.

Mary | satoshi club:

Ready for the next question?😀 or you want to add something?

Thi | Polkafoundry | co-founder & ceo:

Think of this scenario.

Gold rocket | satoshi club:

Thanks for the clean answer! Ready for the next one?

Thi | Polkafoundry | co-founder & ceo:

You pay using credit cards or other traditional means.

Mary | satoshi club:

Yes.

Thi | Polkafoundry | co-founder & ceo:

And an oracle sets the payment info into the contract, Then the contract will pay the transaction fee for you.

It is just an example

Mary | satoshi club:

It’s a paradise 😂

Gold rocket | satoshi club:

This is a fairly elegant solution. 😁

Mary | satoshi club:

I hope everything will be easy with apps soon and thus will also help mass adoption of crypto

Thi | Polkafoundry | co-founder & ceo:

I hope so,

Mary | satoshi club:

Ready to proceed? 😀

Gold rocket | satoshi club:

Can we proceed to the next question? 😊😉

Thi | Polkafoundry | co-founder & ceo:

Sure

Gold rocket | satoshi club:

Q5 from telegram user @keymers

He points out that “Polafouindry can create borderless and frictionless DeFi applications, as well as take DAAPs to other horizons”, if so, why among the applications that can be built does not indicate game applications? Don’t you have those characteristics? Or is it not important?

Thi | Polkafoundry | co-founder & ceo:

Games are great. It is possible to develop games on our platform. Most games use NFT and NFT  marketplaces are also one of our focused use cases.

However, we are trying to attract DeFi apps, so we ask the DeFi developers what they need and try to provide them with what they need. So it is just DeFi is our number 1 priority now.

Mary | satoshi club:

So, the main focus DeFi, right?

Thi | Polkafoundry | co-founder & ceo:

We cannot focus on too many things

Mary | satoshi club:

I got you.

Thi | Polkafoundry | co-founder & ceo:

Yes, that’s it

Mary | satoshi club:

But there a lot of DeFi like games, so I think you will get some😉 When you’re planning to go live on polka?

Thi | Polkafoundry | co-founder & ceo:

Yeah, games often involve selling virtual assets, like nft, marketplaces, etc.

The first version of EVM-compatible parachain built on the substrate is planned for the end of this month for testing purposes

Mary | satoshi club:

Or even better if you will share your roadmap with us😀

Thi | Polkafoundry | co-founder & ceo:

We are now grabbing some famous Ethereum smart contracts, like Kyber’s and Uniswap’s, to put on our system and test to ensure they work flawlessly

Mary | satoshi club:

Wow, it’s so close!

Thi | Polkafoundry | co-founder & ceo:

We will launch mainnet in q3 2021

Here is the roadmap thing

Mary | satoshi club:

This year will definitely be hot for Polkafoundry 🔥

Gold rocket | satoshi club:

Hot 2021🔥

Mary | satoshi club:

Ahaha! Ready for the next question?

Thi | Polkafoundry | co-founder & ceo:

Yep

Gold rocket | satoshi club:

Q6 from telegram user @cleotilde1

 I have never participated in an NFT auction but I have heard that they are very good, Polkafoundry also has auction systems. How does Polkafoundry plan to attract artists, musicians and collectors to your auctions? What is the future of Polkafoundry in terms of this type of market?

Thi | Polkafoundry | co-founder & ceo:

We do not have any built-in auction system. It is left for 3rd parties and DAPPs to implement.

Mary | satoshi club:

Oh, I think @cleotilde1 misunderstood something

Thi | Polkafoundry | co-founder & ceo:

For NFT marketplaces, it is good to have an auction to sell rare and precious items

Mary | satoshi club:

But maybe we missed some points in our discussion which you want to share with our community?

Yes, most marketplaces have this system 😀

Thi | Polkafoundry | co-founder & ceo:

There is a partner building an NFT app on our platform, but they focus on the NFT marketplace first and auction next phase. I think it is definitely can be done at the DAPP level.

Mary | satoshi club:

I think it will be attractive for users! NFTs becoming very popular now. Btw, can you tell us the name of this partner or it’s a secret?

Thi | Polkafoundry | co-founder & ceo:

We will sign a partnership, so let’s save the news or the marketing team will kill me …

Gold rocket | satoshi club:

Lol😂

Mary | satoshi club:

No, I want you to stay alive 😂 So, we will follow the news in the name of your life😂

Gold rocket | satoshi club:

When it’s known, don’t forget to share it with Satoshi Clubbers.🙏

Mary | satoshi club:

But I think that the marketing team will only thank you if you will answer our live part questions 😀 you always give very detailed and interesting answers. Ready for a live part?

Gold rocket | satoshi club:

@thi_pkf before the most impressive part of ama, you can share useful links and information with our community🙂

Thi | Polkafoundry | co-founder & ceo:

Okay.

Mary | satoshi club:

Hold your umbrella ☔️, we will have a storm now. Now we’re ready for the live part and…let’s go 🚀

PART 2.Questions about the PolkaFoundry 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 PolkaFoundry 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 @moonhold

You said Polkadot is good for migrating existing dapps from Ethereum so is the main focus of the project allowing other projects to move from Ethereum blockchain into polka?

Thi | PolkaFoundry | Co-founder & ceo:

No, migration dapps from Ethereum is a good start, but it is never the destination.

We want to create a environment where developers and experiments and try new things that is not possible with ethereum due to many constraints about cost, speed, interoperability, and UX.

You can build new apps from scratch, or migrate from other chains. PolkaFoundry will unleash developers to explore new horizons of DeFi (that are words of our marketing team, but it is our vision

.Q – 2 from a telegram user @cryptofollower

On your website, it says your platform has automated loan decisions but for this won’t you need our wallet private keys?

Thi | PolkaFoundry | Co-founder & ceo:

No way. No-one needs your private key except yourself. By automate loan decision, we mean the lending platform has more info automatically decide whether to accept your loan requests

Q – 3 from a telegram user @mobilejii

Hello!
✅ anonymous team projects cannot be trusted like a public team, can you tell us more about team background, and are there any chance to remain public in the future?

Thi | PolkaFoundry | Co-founder & ceo:

Our team is public and transparent. You can see it on our website 

Q – 4 from a telegram user @topind7

As a very young and new project, how can you convince crypto users that your project is a project with lots of potentials and what competitive, unique or advantageous features do you have that will attract investors from your users?

Thi | PolkaFoundry | Co-founder & ceo:

We’ve been in this industry for several years, it is a 2.5 years project, rebranded and refocus.

The Polkadot ecosystem is still very young but very potential.

We have years working on the blockchain with real hands-on experience and many products. We have a strong team and technical resources.

We contracted with top blockchain marketing firm.

We are backed by top VCs and partners to accelerate quickly forwards.

We have our own innovations, especially in UX for dapps features.

That’s what differentiates us and why the community can trust us.

Q – 5 from a telegram user @Wormz28

I got interested on your Utility Features about ASSET INHERITANCE. It’s so amazing that PolkaFoundry allows a person to set others as their inheritors. So to overcome this drawback, how will the inheritors activate the inheritance workflow to claim his/her inheritance rights? How’s this works really? What’s the process, like is there documents needed to submit?

Thi | PolkaFoundry | Co-founder & ceo:

When a person, unfortunately, passes away, for example in an accident, it is likely that his fund is lost. No inheritance is possible if no-one knows the private key.

We want to address this issue. It works like this.

Every account can add others (for example, their children) as inheritors, and config inheritance parameters for each inheritor.

After the account owner is inactive for a predefined period of time, the inheritors could claim their inheritance right.

Then it goes into the challenge period. The account owner could reject (if he is still alive, of course. And 3rd person or verification service delegated by the owner must also verify if the account owner requires so.

After the challenge period, if everything was settled, the inheritor can withdraw the inherited fund.

Q – 6 from a telegram user @KhaleesiTheCryptoLady

Just found out that PolkaFoundry has 2 Telegram Groupchat (1) @polkafoundry_chat and (2) @PolkaFoundry, which one is your official group? How will you warn users about this duplication especially of collecting money from another group?

Thi | PolkaFoundry | Co-founder & ceo:

@PolkaFoundry is the official group, and we have 2 regional groups:
Vietnamese: @polkafoundry_vi
Korean: @polkafoundrykor

Other groups are fake and scam. Please help us to report.

Q – 7 from a telegram user @csgonub

Do you have a head office and all you guys working together at Singapore?

Thi | PolkaFoundry | Co-founder & ceo:

Yes, the head office registered in Singapore, but the tech team is mostly in Vietnam. The marketing team is in Canada, India, Japan. We have our own office (not co-working space) which is startup style

Q – 8 from a telegram user @lzamg

PolkaFoundry provides a particular type of smart contract called “decentralized bot” that responds to users’ queries. Can you explain more details about all the possible functionalities of this bot and what it can do for users? In which cases would this bot be convenient and useful?

Thi | PolkaFoundry | Co-founder & ceo:

Because for current smart contracts, it is hard for users to interact with them. Users have to interact with dapps through the app (web or mobile). In the end, most users don’t know what contract they are interacting with.

The decentralized bot is a special kind of contract, with a defined convention, so you can chat with it from within your wallet without the need for any website or app. It is similar to the telegram bot. Conversational UI is interesting.

Q -9 from a telegram user @ronaldo_super

The signing key says it has an expiry time so what happens when it expires can I create a new one with my private key?

Thi | PolkaFoundry | Co-founder & ceo:

Yes, you can “refresh” it with your private key

Q -10 from a telegram user @tarkata0420

Why you select grabbing ethereum smart contract kyber and uniswap have you another blockchain system

Thi | PolkaFoundry | Co-founder & ceo:

We just want to use some complicated contracts out there to see if they work on our platform.

You see, it is easy for a simple contract to work. But for complex ones, if it works, it proves that the compatibility level of PolkaFoundry is very high.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the PolkaFoundry project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 600$ 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: PolkaFoundry

Telegram group  |  Telegram Chanel  |  Tweeter  |  Website  |  Medium  

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 DeHive Finance and our guest was Sergey – founder and CEO of DeHive – DeFi protocol. The AMA took place on 11 March.

The total reward pool was 500$ and has been split into 3 parts.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Website

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with DeHive Finance! Welcome to Satoshi Club😀

D. | Satoshi Club:
And our today’s guest – @Sergey_InC ! thank you for joining! 🥳

Sergey:
Good day dear Satoshi Club community! Thank you for the opportunity to take part in this AMA session ❤️

Sergey:
My name is Sergey Onyshchenko and I am a founder and CEO of DeHive – DeFi protocol. I am a current CEO and Co-founder of Blaize – a blockchain dev company. I am in crypto since 2016.

D. | Satoshi Club:
You are welcome! good to have you here! 😄

Sergey:
The idea of developing our own in-house project has been crossing my mind for a while. So when we have gathered the right knowledge of the market, I think we are ready to deliver smth the community can benefit from.

Mary | Satoshi Club:
When did you start with DeHive Finance?

Sergey:
We came up with the idea of DeHive Finance in February 2020. After 3-days brainstorm with our development team and advisors

Sergey:
Our DeHive provides an economically sound and justified index of the top DeFi assets. Thus, the user will be able to get a picture of DeFi sector development and assess the market health in general. In addition, in contrast to the centralized market tools, in DeHive users will benefit from liquidity mining and yield farming and get an additional profit.

Mary | Satoshi Club:
Wow, it was really fast!

What is your background before DeHive Finance?

Sergey:
DeHive project is developed by us – Blaize Tech (http://blaize.tech).

We are a friendly and experienced team of devs with full knowledge of the market. From head to toe. Since we are delivering solutions for such partners as Akropolis, Solana, Remme, Breaker, Celo, Zokyo, and many more.

We actually prepared an article about clue team members behind DeHive Finance:
https://medium.com/dehive/meet-the-team-behind-dehive-7eb4bd545340

The idea of developing our own in-house project has been crossing my mind for a while. And now we are here with DeHive. Gathering the right knowledge of market, financial, marketing and development parts.

Mary | Satoshi Club:
Thank you for sharing!

D. | Satoshi Club:
Nice! wanna find more about DeHive team? You should read this Satoshi clubber 😉👍

Sergey:
Guys, we are so thrilled we have got so many questions from you. I’ve noticed that a few of them are already described in our Medium, so you can read those articles and find a lot of answers there:

1. Tokenomics (staking, yield farming) https://medium.com/dehive/dhv-vs-dehive-index-dehive-tokenomics-preliminary-architecture-4c3eedb2ad50
2. DHV pre-sale https://medium.com/dehive/dehive-pre-sale-details-de145474ba3b
3. DHV token utility https://medium.com/dehive/dhv-vs-dehive-index-dehive-tokenomics-preliminary-architecture-4c3eedb2ad50

Sergey:
Our team will really apreaciate that 🙏

D. | Satoshi Club:
thank you! lots of info about tokenomics, pre-sale, and utility of token! very nice 👍

D. | Satoshi Club:
Thank you for a great intro! I think we are ready to begin the first part of AMA?

Sergey:
Yes, please.

D. | Satoshi Club:
Let’s do this!

Q1 from Telegram user @wahibur04
How could an Index containing tokens in the proportion determined by the economic equation help reduce the risk of price fluctuations, wouldn’t all tokens fluctuate in price later? Then how secure are the user’s assets stored on DeHive

Sergey:
Nice question. First of all, all our indexes are backed by DeFis’ underlines.

Price of the index will grow organically with these underlines. This growth is economically sound through the strong mathematical model in the core of the protocol (driven by smart contract). The model regulates the set of underlying and their accurate weights in proportion.

Possible price fluctuation of each of the underlying can affect the total index price. Yet, when one goes down, the other goes up. Thus, there is a really low possibility that all tokens in the basket will fall as in the case of holding the separate tokens.

As for token storage – all underlying are securely stored on the protocol’s contract, attached to the user with no access for the third person, protocol owners, or other members of the community. We apply our best practices gathered on smart contracts audits and defi platforms development to provide the most secure solution.

Mary | Satoshi Club:
Why do you think that the possibility is low?

Which tokens are in the basket?

D. | Satoshi Club:
What happens if one of the assets from the basket, just suddenly stop existing? at the end of the day – it’s crypto everything can happen😄

Sergey:
Thank you for a great questions

We will execute the proposal to change the token through DAO governing and agree with the community for what we should change the underlying that will stop existing

D. | Satoshi Club:
Got it 👍

Mary | Satoshi Club:
Another token from the basket also will be chosen by the community?

Sergey:
This concept is actually behind the whole idea of making an index. We establish the underlying over economical model so that the correlation between behavior of prices between them is minimal. So actually the whole basket is already planned with the minimum risk. As for the actual list of underlying – it will be announced soon, once we release the whitepaper with model details. So, be patient and wait for announcements!

Mary | Satoshi Club:
Got it! Thank you!

Sergey:
We plan to issue indexes governed by the platform based on the analysis of our defi specialists. Though we of course will listen to the community! And also, since we plan the platform for customer indexes issuing, the community will also participate in decisions

Mary | Satoshi Club:
Ready to proceed?😀

D. | Satoshi Club:
Cool, we will be waiting for 👌

Sergey:
Right) of course.

Mary | Satoshi Club:
I am waiting to see, really interesting to see everything in process!

Q2 from Telegram user @yellowchamp
Around Q4 2021, you plan to integrate with Avalanche chain and Polkadot ecosystem and you will initially set up on Binance chain from the end of Q4 2021 up to the beginning of Q1 2022. So, what is the reason of integrating in different blockchain? Why do you choose to integrate those blockchains? What advantages did you see from them that bring positive effects to the community, investors, and Dehive ecosystem? Since you are planning in collaborating with Avalanche, Polkadot, and Binance chain, do you already have a negotiation with those blockchains as preparation for integration? Thank you

Sergey:
Yes, integration with alternative chains and spreading the protocol over other chains in one of our priorities. In spite of the fact that the DeFi core is still on the Ethereum, it is obvious that it cannot stay the same. Ethereum is quite overloaded, gas fees are high and there are a lot of alternatives ready to get the leadership in relay race for DeFi space.

As we see now, Binance chain is booming, DeFi is slowly coming to Avalanche, and Polkadot already has a queue of projects ready for launch. Each of these chains has its own cons, so by spreading the protocol into the cross-chain ecosystem we will gather all of them. We have already started the work on preliminary architecture and prototyping for all of these chains, and in spite of early versions, we have already placed them in our roadmap. and all coming cross-chain partnerships will be announced later, as we described in the roadmap.

D. | Satoshi Club:
Why did you choose polka and avalanche exosystems first for integration? i thought bsc is the most popular now, after ethereum.

Sergey:
Actually, we have BSC as the prior integration (obvious reasons😄). Polkadot and Avalanche are going right after

D. | Satoshi Club:
Ah okay, understood 😊

Mary | Satoshi Club:
Which projects do you see as your competitors?

Sergey:
We are constantly researching the market, currently, the power pool is one of the strongest, we have released an article about it a few days ago https://medium.com/dehive/why-powerpool-is-not-an-index-a83aa8dae3c5

Mary | Satoshi Club:
Thanks!

I Will read this!

Mary | Satoshi Club:
Ready for the next question or you want to add something?

Sergey:
Yeap, give it to me 😁

Q3 from Telegram user @Highpee
Many are of the opinion that a token burn approach is necessary to ensure a deflationary circulating supply status of a token. However, you will not be implementing a token burn mechanism as you don’t think it will be necessary. Rather, the hard cap supply of your token which is 10,000,000, will be regulated by smart contract. Since $DHV is not an elastic token, how will you use smart contract to regulate supply and maintain the value and valuation of $DHV? Why do you think a token burn is not necessary?

Sergey:
Thank you, this is a very important one. We are familiar with this method for token supply regulation, yet we will not use it. We have chosen the strategy of restraining DHV from the active circulation instead, in order to regulate the token supply. For instance, the user needs to stake a certain amount of DHV while issuing the index. Also, we will allow staking (and therefore DHV mining) within the protocol. You can read more in DeHive tokenomics https://medium.com/dehive/dhv-vs-dehive-index-dehive-tokenomics-preliminary-architecture-4c3eedb2ad50

All of those actions are the common “health economy” strategies we strive to build with DeHive instead of idle token burn.

Mary | Satoshi Club:
So, I will be also able to issue an index?

D. | Satoshi Club:
Smart decision👍

Sergey:
Yes, definitely. Each user could issue a proposal for listing a custom index. This proposal will be reviewed by the community via DAO.

If enough DHV will be locked – a new custom Index will be listed.

The issuer of a custom index will receive part of the yield farming interest.

D. | Satoshi Club:
Btw how many DHV I should stake to issue an index?

Mary | Satoshi Club:
I will vote for your index😂

And btw, how many tokens should i have to participate in DAO?😀

D. | Satoshi Club:
❤️

Sergey:
This amount will be established by the strong mathematic equation, we will inform the community before the platform launch. pls note, this amount will not be high

🙏😄

Mary | Satoshi Club:
So, wait for Mary and D indexes then😂

Thank you for your answers!

Sergey:
Surely will!😁👍

Mary | Satoshi Club:
Ready to jump to the next question?

Sergey:
Yes please.

Q4 from Telegram user @Beterror203
There is a lot of difference between tokens with a good performance but that these are already listed on the platform and custom tokens in what you call Creation of custom index, my question on what you are based on or how the performance is carried out when a user does The creation of these custom indexes, how do you keep track of their performance in real-time, how much would the% be since the tokens offer different APY / APRs, does your contract have the necessary support to avoid collapsing with all this data?

Sergey:
Performance of tokens in the index means that the price of each token fluctuates and total index performance shows the cumulative price changes of each token according to their weights. (This performance does not influence internal actions within the protocol ecosystem)

We will track the price fluctuation of the whole basket, and the price changes for each of the selected underlying separately using the on-chain data (like Subgraph or Uniswap). We will use those data to create graphs of the price fluctuations and use them to apply the most profitable strategy for yield farming. The APY for yield farming will be also tracked by the protocol.

All the mentioned above is true for the indexes that DeHive platform issues. And actually, that is also true for custom indexes – of course, the users who will apply their own models and strategies for index creation may not reach the optimal index model, though they will have the ability to use the same set of tools for performance check as the platform has itself.

Mary | Satoshi Club:
Can i test your platform now?😀

D. | Satoshi Club:
Great answer, thank you! and I’m very interested to try it myself, to know how it works 😁

Sergey:
The MVP version will be available in Q2, so coming very soon. The project will be delivered anyway since we are putting Blaize company name on it 😁

Mary | Satoshi Club:
Our thoughts are the same)

Great! Will your testers get some advantages?

Sergey:
Yeap, we will definitely make a bug bounty, and we have already allocated apart from company treasury for it

Mary | Satoshi Club:
Great! And also my favourite question – what about security?

D. | Satoshi Club:
You mean audit? 👀😁

Mary | Satoshi Club:
Yes😂

I feel that I know the answer, but let’s see😀

Sergey:
We have really advanced in-house auditors in our team, since we are delivering audits for most of the DeFi protocols.

Of course, all of our contracts will pass few audits.

By the way, whole DeHive system is decentralized, so there are no week points that are presented in centralized system.

Mary | Satoshi Club:
Gotcha 👍

Thank you for your answers 😀

Ready to go to the next question?

Sergey:
Yes))

Q5 from Telegram user @lzamg
DeHive is the first DeFi protocol that allows the issuing of custom indexes. Can you guide us through the process of creating custom indexes? Are all the users of DeHive able to access any custom index as easily as with a native index?

Sergey:
The user experience for custom index creation is pretty straightforward. You have to select/import tokens for the index. The user will select his own set of DeFi assets he believes the market misses. Set the weights/percentage for each one. To introduce any custom index, the platform will require a supporting amount of DHV tokens to place an offer. You have to choose one and click “”Submit””. That’s all! Then you will wait for proposal voting in DAO and if it is successful – your custom index will be created.

And if you worry about the issue with “scam” tokens or some kind of vulnerabilities in this mechanism, we ensure that the community will be able through the governance mechanisms to check the tokens included into custom indexes.

D. | Satoshi Club:
So community will be deciding which tokens are good for indexes?

Mary | Satoshi Club:
Didn’t you think that you can allow high-risk indexes?😀

I like to risk sometimes 😂

10000 apy etc😂

Sergey:
Partialy, the community will take part in voting for the set of underlying for any of the custom indexes

D. | Satoshi Club:
Got it! will you have some guides for not-so-experienced users, which will help them how gather their baskets in a smart way with less risky assets, for the start?

Sergey:
Custom index issuing is one of the features DeHive platform allows. The platform and ppl behind it, (our financial analysts, advisors, and defi specialists) are responsible for our issued (our own) indexes and their economic justification. Custom indexes is the initiative that goes from the community. If the index won’t be useful, it will not just be traded and won’t get the needed volume. That’s it.

Mary | Satoshi Club:
It has sense 👍 thank you!

Sergey:
Sure, we will provide a separate section with all the needed info. Will be available via “docs” button.

D. | Satoshi Club:
Cool! it will be helpful.

Thank you! ready for the last question from part 1?😉

Sergey:
Of course))

Q6 from Telegram user @JoanaZ
Considering that DeHive allows the users to Exchange their ETH to an underlying asset, can you tell us how many underlaying assets are you able to use? Just based on Ethereum or other chains can work too?

Sergey:
In general, the index does not have any strict regulations regarding the amount of the underlying within it. As long as, we are planning to issue several of them covering different segments of DeFi market, the set of underlying will vary from one basket to another. Therefore, the platform will cover approximately all tokens you can see on DeFi Pulse or whatever.

Answering the cross-chain notion. In our initial plan, the index has the underlying from one chain (either Ethereum or BSC, etc.). Yet, we are currently thinking of implementing a cross-chain index as an alternative feature. This is an interesting idea which we will surely consider a bit later. This is not currently in our roadmap.

Mary | Satoshi Club:
Yes, cross chain index will be really interesting 😉

After testing period when do you plan to go live?

D. | Satoshi Club:
It will be mind-blowing, to be honest 😄

Sergey:
This is a Q3 of the current year. July to be more precise.

Mary | Satoshi Club:
Super! This summer will be hot🔥

Part 2 — live questions from the Telegram community

Q1 from Telegram user @tuvalunia
You have the pre-sale for DHV token on 24th March, can you share the details with us, please?

Sergey:
hey guys, a lot of question regarding the DHV token and token sale details, find the exact date and price of DHV in this medium post https://medium.com/dehive/dehive-pre-sale-details-de145474ba3b

Q2 from Telegram user @BeaEvolet
I noticed that Dehive incorporates oracles that verify actual cryptocurrency prices, about these oracles were they developed by the Dehive team? Or are they currently associated with any recognized oracles like Chainlink?

Sergey:
Really a lot of it regarding the oracles we use. So yes, safe Oracles will be a part of our system, so we make the choice very thoroughly. We are considering several options. First of all, we think about Chainlink and actually, we had feedback from them. So it is our first option. Nevertheless, we are thinking about our own solution as an alternative option.

Q3 from Telegram user @highpee
I can see that you have gotten the “NFT index” planned for Q4/2021. Most works around NFT have circled around NFT artistic creation, minting, tokenization, and marketplaces but I have seen little or no workaround “NFT index”. Will the NFT index be also pegged to a basket of NFTs like your Dehive Index? If so, how will you be able to capture the economical segments of popular NFT marketplaces to ensure greater profitability?

Sergey:
Hey there, nice qst. We have several ideas connected to NFTs, NFT indexing, and NFT index. All of them will be announced based on our roadmap. Yes, in the first place NFT associates with crypto-art and CryptoKitties. Though NFT technology is already infiltrating DeFi market, it can be perfectly connected with financial instruments like futures and options. And we see great potential in combining crypto-index ideas and non-fungible elements. For now, we plan to keep plans for NFT index in secret, but I think you get the point of our interpretation!

Q4 from Telegram user @AugusS7
You mention that with DeHive “Maximize production”, but really that is achieved by making a small modification in smart contracts and that’s it? or really what is that “most optimal strategy” that they use? other chains could also use it?

Sergey:
Our team in Blaize has great experience with DeFi, secure vaults, yielding strategies. We have great experience with products like strategies constructors, aggregators, and routing. So, when we talk about “most optimal strategy” we actually mean “most optimal strategy” developed exclusively for the chosen set of underlying which back the index. And of course, each chain will have its own individual set of strategies based on the backed tokens.

Q5 from Telegram user @ubuntucoder
How and where do you get the liquidity needed for DHV token to work properly?

Sergey:
We have the reserve for liquidity on Uniswap, as well as investors interested to become the liquidity providers. Also, there is a liquidity mining program for everyone who wants to participate providing the liquidity to selected pairs.

Q6 from Telegram user @JuanSB07
When you enter their official Telegram group and on their website I realized that they like bees and they have a lot of animations about them. So why did you decide to animate and display certain characteristics of the bees in DeHive? Is there a relationship between the way of life of bees and the approach or characteristics of the DeHive project?

Sergey:
this is the nice one 😁😄🐝 I will try to keep it short. While thinking about the index we came to the idea, that it should be a perfectly balanced set of underlying, compact, and perfectly ordered. And since we base the protocol and strong math models, that should aim you to the hexagons, which are used for perfect spacing and are actually closely connected with crypto and hashing. And hexagons will easily lead you to the bees and their hive, which are perfect metaphors of tokens and index. And yield also sounds like honey, isn’t it?

Q7 from Telegram user @alptrader
There are no swapping option on DeHive ecosystem. Why is that?

Sergey:
You should understand that any swapping in arbitrage purposes which are the core concept behind any AMM-based protocol are subject to speculation. We do not want to go this way and allow for additional risks like impermanent loss or other risky operations for our users. DeHive is aimed to build a stable, low risky and economically justified product to support the health economic strategy.

Q8 from Telegram user @highpee
You have said that USERS could implement a CUSTOM INDEX and if such proposals are acceptably reviewed and voted by the community, such index will become valid. How will the DAO system look like and how will you ensure that this will be democratically done fairly and transparently?

Sergey:
The DAO itself means that system will work in a democratic way. So DAO participants have their voting power and use it for proposal voting. It means that users with a higher stakes and higher reputations will have more impact on protocol and indexes list.

Q9 from Telegram user @JoanaZ
The token distribution shows that 20% of the supply is destined for ” community incentivization, so can you please share with us which are gonna be these Incentives?

Sergey:
This is actually a treasury for bug bounty programs, contests, airdrops, incentivization within the protocol, encouraging for dao and governance, etc.

Q10 from Telegram user @Indomiekuy
I read that Dehive project don’t have a liquidity pool, so can you please tell us what is the use of $DHV token? What is your community possible to do with $DHV in your ecosystem? What makes $DHV token important?

Sergey:
nice question since a lot of projects now have useless tokens 😄🙊 DHV is a native token of DeHive ecosystem. You will need it for initial index issuing, DAO participation, and custom index creation. DHV holders will be able to take part in DHV mining within the platform. You can read more about it in our tokenomics description https://medium.com/dehive/dhv-vs-dehive-index-dehive-tokenomics-preliminary-architecture-4c3eedb2ad50

Part 3 – Quiz Results

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