Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from BSC.tools. The AMA took place on March 7th, 2021 and our guest was @chrisbscdottools.
The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.
Part 1 — introduction and questions from the Telegram&Bitcointalk community
Маry
Satoshi CLUB: Hello Satoshi Club! We are happy to
announce our AMA session with BSC.tools! Welcome to Satoshi Club😀
D.
Папа Роуч: and our guest – @chrisbscdottools hello
Chris! welcome to Satoshi Club!
Chris
– BSC.tools: Hi guys. It’s Chris from BSC.tools.
Thank you for having me
Маry
Satoshi CLUB: Welcome here 😀How are you today?
D.
Папа Роуч: nice to have you here Chris!
Chris
– BSC.tools: Very well thank you 😄
Маry
Satoshi CLUB: Fantastic! Let’s start our AMA 🚀Chris,
could you please introduce yourself and BSC.tools😀
Chris
– BSC.tools: Sure. My name is Chris. I’m the CEO of
BSC.tools. BSC.tools is a set of trading and data analytics tools focused on
decentralized exchanges on Binance Smart Chain (BSC), with an abundance of
features that support you in tracking real-time data analysis, creating your
own trading strategies as well as earning and increasing your profits, easily
to use across platforms.
Маry
Satoshi CLUB: Yes, BSC.tools is that project a lot
of people were waiting for! When did you start to work on it?
Chris
– BSC.tools: Me and my team start to work on this
project around early 2020. Being active users of the BSC ecosystem ourselves,
we’ve yet to find a product around that time that satisfied our needs for data
analysis and charting.That’s why we decided to build something on our own
D.
Папа Роуч: nice! could you also, briefly take us
through of your team members? how many people working at the project?
Chris
– BSC.tools: We are an anon team of experienced
blockchain developers coming from different countries. All I can say is there
are 10 core members in our team
D.
Папа Роуч:gotcha👍
Маry
Satoshi CLUB: Thank you, Chris for your intro! Are
you ready for the questions from our community?😀
Chris
– BSC.tools: yes
D.
Папа Роуч: let’s do this!
Q1 from Telegram user @Arisabela
Recently you’ve raised $2.500.000 for
building the set of trading and data analytics tools for BSC, can you provide a
detailed distribution of the purpose of this founds? What are the main features
that will be developed first and what will be the benefit for your top
investors?
Chris
– BSC.tools: We can’t disclose the detailed
distribution due to a privacy reason. All I can say is all our strategic partners
is here to stay and have only one purpose. Which is to help us build a better
product to provide more value to users. Pair Explorer, Multi Swap, and Pool
explorer will be developed first. Follow by Portfolio tracker, yield optimizer,
live AMA on pair listing, price alert, and last but not least Dapp referral
profit sharing on Q2
Маry
Satoshi CLUB: Will you have mobile app?
Chris
– BSC.tools: not atm but we will provide it soon
D.
Папа Роуч: all these functions will be implemented
during this year?cool👍
Chris
– BSC.tools: that’s the plan. If we hit all our
major milestones then all of those should available this year 🤞
Маry
Satoshi CLUB: Sure, there’s nothing impossible for
you 😉
D.
Папа Роуч: big plans for this year 👌
Маry
Satoshi CLUB: Ready to proceed?😀
Chris
– BSC.tools: yes
D.
Папа Роуч: thank you for the answers! let’s proceed
to the next Q
Q2 from Telegram user @victorogb
Currently there loads of other projects
offering same sort of service BSC.tools does with even greater variety and
scope of trading and market information across different blockchains. Don’t you
think you’re selling yourselves short by focusing more on BSC built and traded
projects solely because it’s at the moment one of the most widely used chain?
Chris
– BSC.tools: We want to go deep instead of narrow.
We believe we can provide more value to users that way. And actually we do not
care too much about competition. We’re just trying our best and try to
out-perform ourselves from day to day. However, I think Portfolio & Yield
Optimizer and Gem Hunters Network are our unique features the others may not
have. Our technology is also different. We
crawl the data from our blockchain nodes ourselves so we don’t rely on
any external APIs.
Маry
Satoshi CLUB: Is this possible that you can add
another blockchains?
Chris
– BSC.tools: yes. We will support Ethereum on Q3
anf Polkadot on Q4
Маry
Satoshi CLUB: Wow, that very nice😀 so, you’re not tied to BSC
only. But your name
includes only BSC😀 that’s
why users asking questions
Chris
– BSC.tools: that’s true. we got plan to expand but
want to focus on BSC first
Маry
Satoshi CLUB: Got it, you really need to start with
one to expand to another blockchains later.Thank you for your answers! Ready to go to the next question?
Chris
– BSC.tools: lets move on
Q3 from Telegram user @Carlcrip
I read on your website that BSC Tools is
currently in open beta. After the Open Beta period ends, you will need to have
a specified number of tokens to access advanced features. What options will
these advanced functions have? And why should you have a certain amount of
tokens, what are the advantages?
Chris
– BSC.tools: Our platform is developed to be free
for all traders to use basic features. However only TOOLS holders can access
premium features, the exact amount for each tier hasn’t been decided as we are
still in development.Some of
the use cases are:
– holders can vote on future features that
they like;
– used on our Gem Hunter Ecosystem;
– used for liquidity mining on LaunchpoolX
of BSCEX;
– other projects can also use $TOOLS to
purchase advertisements and sponsorships on our website and app (in the future
we also have live AMA).
D.
Папа Роуч: cool! so it’s like how DEXTools or
ChartEX work? as far as i know, there you have to hold particular amount of
tokens as well, to get access to some premium features
Chris
– BSC.tools: yes that’s right
Маry
Satoshi CLUB: Currently, where we can get $TOOLS?
Chris
– BSC.tools: TOOLS is available on Pancakeswap and
BSCEX’s SwapX. You will be able to farm more TOOLS on BSCEX soon
Маry
Satoshi CLUB: So, you are our competitors in AMA
field😂
Chris
– BSC.tools: lol
Маry
Satoshi CLUB: Np, i think we can be friends 😀
D.
Папа Роуч:thank you for
answers Chris! let’s move on to the next question?
Chris
– BSC.tools: yes
Q4 from Telegram user
@alice_wonderland12
With the multiple exchange View feature
of BSC Tools users can and interact with multiple pairs on a single screen, is
it possible that we could use our accounts of those exchanges simultaneously?
What functions could we use with the Multiple Exchange View?
Chris
– BSC.tools: yes! it is possible, we can’t wait to
announce more about this feature in detail in the near future
Маry
Satoshi CLUB: Could you give us more hints?😀
D.
Папа Роуч: so more awesome news to come 😉
Chris
– BSC.tools: definitely
Маry
Satoshi CLUB: When we can expect the news?😀 Nearest?
Chris
– BSC.tools: Most likely will be Q3 this year. We
will let you know if there is any delay
D.
Папа Роуч: got it! 😇thank you! ready for the next question?
Chris
– BSC.tools: yes let’s move to the next one
Q5 from Telegram user @shihadk9074
What’s the security model of BSC.Tools?
What activities do you do with third-party security groups to protect BSC.Tools
from security threats?
Chris
– BSC.tools: Security is important to us. Our first
feature that has smart contract integration is still in development, but we are
already working with a big smart contract auditing firm to perform audits for
the project. We want to make sure our platform has the highest security
possible and is flaws-free. More info about this will be announce soon
Маry
Satoshi CLUB: Thank you! Security should be on the
first plan and i am happy you understand this clearly 😀Do you want to add something or we can go
to the 6th and last question from this part?
Chris
– BSC.tools: sure let’s move on
Q6 from Telegram user @lzamg
One of the features of BSC Tools is the
Pool Explorer. With it we can “find the best gems and avoid scams”. Can you
explain exactly how we can find the best pools? Does BSC Tools offer some kind
of advice about the most convenient pools? And how can we avoid scams using
your services?
Chris
– BSC.tools: We try our best to provide to users
the most reliable data and indicator. Tbh we did think of a advice model where
user can get suggestion from us. Final decision haven’t been made and we will
keep our user updated. All gems on our “Gem hunter community” is
suggested and vote by the community
Маry
Satoshi CLUB: How the voting will take place? Or
it’s already ongoing?
Chris
– BSC.tools: will be release with our “Gem
hunter social” on Q4 2021
Маry
Satoshi CLUB: Got it! We will definitely follow
you! A lot of awesome features incoming 😉
Chris
– BSC.tools: Thanks Mary 😄
Маry
Satoshi CLUB:And our
live part incoming also😉
Chris – BSC.tools: i’m ready
Part 2 — live questions from the Telegram community
Q1 from Telegram User@Kabirkapoor9
Could you please give an overview of your roadmap? And which event in roadmap you think will be game changer for BSC.tools?
Chris – BSC.tools: Q3 and Q4 will be big with Gem hunter social and Ethereum & Polkadot support. See our roadmap here.
Q2 from Telegram User@Kabirkapoor9
Could you please name some of your strategic partners? And in what ways they are contrtibuting to the BSC.tools community?
Chris – BSC.tools: Moonwhale, au21, Cryptobanter bscex, ezdefi… just to name a few. We also have one of the biggest name in the Crypto Youtuber space. 99% of you should know his name. Can’t disclose the detail now though. stay tuned
Q3 from Telegram User@surendra040
Hello! @chrisbscdottools
Your project is fantastic and good idea ,What was the story behind the idea of your project and why your team decided to stay anonymous?do you have any plan to remain public in future?
Chris – BSC.tools: We can’t find anything like DEXtools for BSC so we create something of our own :D. We want to stay anon and haven’t got a plan to public our name in the near future
Q4 from Telegram User@Kushal85127939
Could you please give an overview of Tokenomics? Is there any plus point for BSC.tools from its competitors?
Chris – BSC.tools: see our tokenomic below. I think I already answer a competition question above 😄
Q5 from Telegram User@nadee5
Will your name (BSC.Tools) of the project be changed after supporting etherum and polkadot ?
Chris – BSC.tools: Most likely not eventhough we can see why people are asking about this. We still haven’t make final decision. our #1 priority now is make sure it meet user’s expectation for BSC first
Q6 from Telegram User@sofiaisla
I was reviewing your Q4 roadmap and found interesting, “Polkdot support and the launch of the Gem Hunter social network.” Lately projects have had to opt for Polkdot support, could you tell me some information about BSC.TOOLS and this? Why choose Polkdot and what will this launch of the social network “Gem Hunter” be about? Will it be a good support for the project?
Chris – BSC.tools: The Gem Hunters Network is a place for those users that want to find new under-the-radar projects that can produce exceptional ROI. Finding the right gem might be a difficult and time-consuming task for investors. By leveraging our community, we can discover the next gems quicker and get on the train before the public. This is the feature that we’re super excited about and will be sharing more about this soon.
Q7 from Telegram User@kelly0802
Has ”Dapp referral profit sharing” taken place? Where does it take place?
Chris – BSC.tools: not until the end of Q2
Q8 from Telegram User@Sumione
‼️ How may I buy $TOOLS , what is the contract address?
Chris – BSC.tools: 0x1311b352467d2b5c296881badea82850bcd8f886 TOOLS is available on Pancakeswap and BSCEX’s SwapX
Q9 from Telegram User@Kushal85127939
Will there be any local community on telegram to reach wider audience? What marketing strategies BSC.tools is using to attract crypto enthusiast?
Chris – BSC.tools: Yes. Our number one focus at the moment is making a great product for BSC users – as we learned the demand for the tool on BSC is really high. We also teamed up with other top BSC projects to cross-promote and partnered with KOLs (twitter, telegram, youtube) to spread the awareness. Lots of AMAs and giveaways is coming as well
Q10 from Telegram User@ShaLiPon
How can we farm $TOOLS? Is it available now?
Chris – BSC.tools: You would be able to farm more TOOLS in the next couple of days on BSCEX
Part 3 – Quiz Results
In the final part we tested your knowledge in terms of BSC.tools. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Apron Network Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Apron Network
For more details:
Apron Network – @ApronNetwork
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 McDonaldsCoin MCDC and our guest was: 1. Comma – CMO – Marketing – goldmoney.com, KPMG – @CommaClub 2. The Hamburglar – CBO – Information Technology – @MCDC_Hamburglar 3. McPete – CTO – @swaggyp50 4. Birdie the Early Bird – Assistant CTO – Manufacturing, Natural Sciences – Morgan Advanced Materials, Fosters – @birdietheearlybird 5. Uncle Grimace – Assistant CBO – Restaurant Management – @UncleOGrimacey 6. Fry Kid – Human Resources – Business and Environmental Studies – @frykid 7. Eric – @EricAwesomeDragonNinja 8. McRonald – @McMakeIt.
The AMA session was divided into 3 parts with a total crypto reward pool of 3000$
In this AMA Recap, we will try to summarise the most interesting points for you. The AMA took place on the 7th of March.
Part 1 — introduction and questions from the Telegram&WebSite
Gold Rocket | Satoshi Club: Good evening, dear community! We are pleased to announce our AMA with McDonaldsCoin MCDC🥳 Today our guests are @CommaClub @birdietheearlybird @EricAwesomeDragonNinja @swaggyp50 @frykid @McMakeIt @UncleOGrimacey!
McRonald: Hello all.
McPete: Good morning.
Uncle Grimace: Moring.
McCommaClub: GOOD MORNING LADIES AND GENTLEMEN.
Andrés M. | Satoshi Club: Good day everyone, we have a special AMA today with our friends from McDonald’s coin. Welcome Mcfamily😁
Gold Rocket | Satoshi Club: Tell us a bit about yourself before we hear about McDonaldsCoin MCDC!
McCommaClub: We initially started off as a joke, with no utility besides being just a random shitcoin. But as time progresses and we started working on creating a utility behind this token.
Gold Rocket | Satoshi Club: Look forward to it! So what about the intro?😁 Very often jokes turn into reality! 👍
McCommaClub: So we looked into NFTs and other means of providing a use case for the market. We also found out that Gas fees on ETH were a problematic factor for onboarding new users as well.
Andrés M. | Satoshi Club: There was a big pump of MCDC last month, any reason for that? Haha so, do you still consider yourself as a shitcoin?
McCommaClub: We arent a shitcoin anymore, we are the McDonald coin with utility.
Birdie The Early Bird: Never a shitcoin, a memecoin.
McCommaClub: We grew too quickly and there was a problem with this since everyone started dumping. But we stayed with it because we believed in the project and we had an obligation to our community and team.
The Hamburglar: Also, just wanted to hit that even though that was only a month ago we have already: – Had a 30x increase in the overall price.
Reached 600+ holders and provided upwards of $175k USD in Uniswap liquidity for seamless trading.
Andrés M. | Satoshi Club: Which utilities?
Birdie The Early Bird: A new concept I believe.
Gold Rocket | Satoshi Club: Please tell us a little about your team! I see you are funny and friendly guys!👍
McCommaClub: Comma – CMO – Marketing – goldmoney.com, KPMG The Hamburglar – CBO – Information Technology McPete – CTO Officer BM – CISO – Investment Banking, Business Management Captain Crook – COO – Owner of Three Successful Businesses, Former head of Marketing in Sales Birdie the Early Bird – Assistant CTO – Manufacturing, Natural Sciences – Morgan Advanced Materials, Fosters Uncle Grimace – Assistant CBO – Restaurant Management Fry Kid – Human Resources – Business and Environmental Studies Happy Meal – Hardware and Infrastructure – Backend Development McTiaga – Assistant CMO – Business Management. AND OF COURSE RONALD MCDONALD!!! We all know him 🙂
Andrés M. | Satoshi Club: Could you give us a little introduction about how the idea of the project came alive?
Eric: Well, we are currently available on 2 networks. This allows us to be easily available on ERC20 but we also have some great features available and that will soon be available on xDai since we’ll need fast and nearly free transactions. As of right now, the MCDC on the xDai platform allows you to farm for rare and limited NFTs. These are available on Opensea and Unifty. 😊
Launched in February 2021 by a global team, MCDC is a parody art project gamified token. The parody aspect of MCDC invites participants to build on the McDonaldsCoin story through mixed media (memes, images, video, written and spoken word). The story can take any turn the community decides, momentum of consensus on the narrative drives it. Active community participation keeps the story fresh and MCDC relevant to current societal critique. The story determines how the game evolves over time. The game aspect is unique to crypto in the way it operates. Through mechanisms such as NFT trading, game-specific sub tokens and LPs; MCDC delivers entertainment but also serves as an education in high-level crypto topics.
McCommaClub: We initially came from Rubic as we became friends along on our journey, and as time progressed we made friends with people who are no longer our friends but we worked together to create MCDC with the help of our friends from Rubic. From there we started marketing and telling the world about it, and unfortunately, we grew way too fast, doing 1000x in $USD Value. Of course many sold along the way, but we held through the trials and tribulations and our commitment to the team and the community.
The Hamburglar: I’d like to take a minute now to talk about the tokenomics and innovations of the space.
At Mcdonald’s Coin, we are the world’s first parody, branded coin with a limited supply of only 37 million tokens! The overall utility of our token will come through NFTs and some other not yet announced features we will be unveiling later in this AMA. The team owns currently only 6.4% of the supply and liquidity in uniswap is locked for one year, to ensure the security of MCDC’s future. We have developed a truly fun and hilarious experience that you don’t find too often in the crypto space.
Eric: A max supply of 37,000,000 MCDC is already fully in circulation.
The Hamburglar: Yes, this is the supply for good! We have already been listed on CMC: https://coinmarketcap.com/currencies/mcdonalds-coin and Blockfolio (search for @ $MCDC). Again, we have 175kUSD ETH Liquidity on Uniswap and 27k USD liquidity on xDAI. Now, that is enough of the basics for now! We can take the first AMA question, before going to Ronald McDonald himself!
Andrés M. | Satoshi Club: Q1 from Telegram User @NataliyaKil Are you saying the MCDC is not affiliated with McDonald’s Corporation? But what about the name itself McDonalds? McDonald Corporation is a major franchise around the world! So what about the copyright for the McDonald’s name? Or is there a connection with them?
The Hamburglar: Good question! We are not affiliated with the McDonalds Corporation in any way, but we love Mcdonalds and hope they love us too. We are purely a parody token which is covered us fair use copyright laws. There is no connection yet, but we would be excited to speak with them in the future about a collaboration.
Birdie The Early Bird: Also, our logo is distinct from the one used by the McDonalds Corporation.
McRonald: Crypto space has been asking too long for a coin that doesn’t take itself too seriously, but still remains a good long-term investment. I won’t spoil it just yet, but great things are coming in terms of the gamification of crypto space.
McPete: It’s one of the gamified applications that MCDC powers. It’s called the Drivethru.
Gold Rocket | Satoshi Club: Is there a free cash register?😉
McPete: I’ll be talking about the details of this game later in the AMA, but it is a game for trading our tokens and has completely new and novel tokenomics on xDai (with sub-1 cent fees for everyone to trade).
McRonald: The coin was made to balance the power in the market in the year 2021. We are sick of this. Sick of losing our jobs, losing our businesses, losing our houses. Sick of companies raking in millions of dollars a day, billions a year pulling in the dog chow. This coin is a way to stand up to the big businesses and hedge funds from the safety of a decentralized network. Nothing like this has ever been done. The locked liquidity isn’t a way to fool you into buying, it is a safety net for all those who hope to buy. This could get so big that the corporations will be angry and McDonald’s will have no choice but to partner with us.
McPete: I’ll start talking about the left side of the ecosystem and then move to the right side with our upcoming game, the Drivethru. I’m Pistol Pete and I am the Lead Dev behind MCDC’s NFT initiative along with Birdie, another McTeam Member who is focused on front-end development. So far at McDonaldsCoin we are in close talks with Unifty and their lead dev Benny and produced 8 limited release NFTs on the xDai Chain using their platform Unifty. We have a strong NFT community and being able to create them cheaply on xDai lets us bring our passions to life. We have lots of artists that we give a platform, with McDonald’s our main parody theme.
Currently, we incorporate McDonald’s Coin ($MCDC) by having an NFT farm that gives exclusive access to our community artwork and NFT by staking MCDC to gather points that are redeemable for our NFTs on Unifty.
http://farm.mcdccoin.net Our community currently is farming our “wagie” NFTs with higher degrees of rarity
Birdie The Early Bird: In the future, community-created NFTs will serve a function in upcoming games within our ecosystem.
McPete: We were the first to use the Unifty NFT bridge to bridge xDai NFTs to Ethereum. They are going for greater than 1 ETH on OpenSea. We love to be a platform for our artists and partnered with Pete’s Art House to really bring our art to life. Before going on to talk about this, I want to also mention our future NFT plans.
Gold Rocket | Satoshi Club: What do I need to do to host my own NFТ?
Birdie The Early Bird: We’re building a pipeline for this.
Birdie The Early Bird: It will function like a ticketing system.
McPete: We use Unifty for our NFTs on the xDai network.
Gold Rocket | Satoshi Club: Do I need to pay for this?
McPete: Only less than a cent on xDai, compared to $20 on Ethereum, we love it.
McCommaClub: 0.00004cents to be precise + 2 second transaction time.
Andrés M. | Satoshi Club: There are no fees for it?
Birdie The Early Bird: Yes, xDai makes this possible.
McPete: L2 is the future, and we’re taking advantage of the most cutting-edge tech. I believe Unifty takes 5 xDai to start a collection (which goes to them) and then all NFTs after is less than a cent. L2 is incredible, especially for our community where we want even people with $10 in MCDC to contribute.
Birdie The Early Bird: Then, of course, the market will drive the price of NFTs after they are released into the wild.
McPete: We may be also be expanding into Interest Bearing NFTs and NFT “Apps” that are executable. Unifty is going up and beyond in NFT tech.
Andrés M. | Satoshi Club: If you want, maybe we can proceed with the next question or do you want to add something else?
McPete: Let’s proceed for now, and come back to it later.
Andrés M. | Satoshi Club: Q2 from Telegram User @lzamg Information about future plans is not available on your website. Can we know about your goals short and mid-term regarding the development of McDonaldsCoin? What is your next big milestone? What are you working on right now?
Birdie The Early Bird: Our next big milestone, besides updating our website, is the McDriveThru app.
Andrés M. | Satoshi Club: It will be a mobile app?
Birdie The Early Bird: It will function on mobile also, yes.
Andrés M. | Satoshi Club: Android and ios supported?
Birdie The Early Bird: Absolutely. Honestly, it’s been a mad rush up to this point, and the website kind of got left in the dust!
McPete: Short term we have our NFT art show at Pete’s Art House in Cryptovoxels (March 13th), which will feature more than 50 NFTs. Same time we will open our NFT Farm on Unifty for these 50 NFTs. Meanwhile, we will do more AMAs to spread the McDonalds Coin joy (we have a few booked).
Midterm we will be releasing our Drivethru trading game with never-before-seen unique tokenomics and farming. Currently, we are in talks with audit companies to check our smart contracts. This will certainly be our next big milestone after the art show at Pete’s Art House, scheduled for early April (in 1-2 months).
Our team is quite large and we have people working on everything concurrently.
McCommaClub: Pete! you forgot to mention that we have art gallery owners in NY / LA / Hamptons looking to collaborate with $MCDC and our Artists!
McPete: Pete’s Art House is in the virtual Berlin part of the Cryptovoxel world, which a virtual world powered by the Ethereum blockchain. Berlin is famous for its digital art museums, which also includes famous artists like Galeria de Milo, whose digital art is traded for thousands of dollars as NFTs. Cryptovoxels is VR-powered and gives a true platform for our artists. Artwork can be viewed and bought from Pete’s Art House without leaving the app, straight off of any link that is attached.
Birdie The Early Bird: Yea, it really is the most interesting way to debut and exhibit our newest NFT content!
McCommaClub: Absolutely! Since we are growing on social media from Clubhouse to Instagram to Tiktok. We want to reach the mainstream audience. Because of this, we had to take different measures of being able to do so. Here are some stats.
McPete: We have incredible artists that also work on fantastic abstract and traditional digital art. Art shows will be scheduled frequently.
Birdie The Early Bird: This is what makes McDonaldsCoin special, it’s not just a token with an awesome ecosystem; it’s a community of artists and highly creative people.
Eric: This token has evolved so much.. and this isn’t even our final form.
McPete: And once, again on xDai, NFTs cost less than a cent to make, and everyone can take part in the fun. You should come to the show! March 13th! www.petesarthouse.com
Eric: We MAY just have a special celebrity guest coming to the art show 😊
Eric: First draft of an “Employee Handbook” style document for MCDC. Think I’ll expand on it and compile the guides on how to buy, how to bridge, how to stake for NFTs etc.
McRonald: We want to make crypto fun and friendly.
Add xMCDC coin to your new xDai Network Wallet Click Add Token Click Custom Token Put this in Contract Address: 0xC577cDdABB7893cC2cA15eF4b5D5e5E13c3FeeD3 Other fields should auto-fill Click Next
Get a drip of xDai so you can make transactions on the xDai Network Go here https://blockscout.com/poa/xdai/faucet Enter your xDai address Profit? But seriously you should now have .01 xDai in your wallet
Move your MCDC from ERC20 to xDai (This step requires some ETH for gas) Go to: https://omni.xdaichain.com/ Make sure your ERC20 wallet is open in metamask (not the new xDai) Click on the left where it says “Stake” then click “Add Custom Token” and put 0x8937041c8c52a78c25aa54051f6a9dada23d42a2 Put Maximum amount of MCDC and click “Unlock”, approve the unlock, then click “Transfer” Wait…. (can’t fucking wait to get off the ERC20 network) You now have xMCDC
Go to the Unifty MCDC NFT Farm and start your shift: Click here: https://unifty.io/xdai/farm-view.html?address=0x453aB05445daedb976DbF10e9D20BaC0174959cc Make sure your xDai wallet is open Click “Staking Options” and “Stake” 100 MCDC Your Points will begin to increase. After an 8 hour shift with 100 MCDC staked, you will have 100 points, enough to buy your first WAGIE NFT (iPhone may cause issues in Unifty if it does use PC or Android for now) WHEN MAKING ANY TRANSACTIONS ON xDai SET THE GAS TO 2 GWEI, YOU DONT NEED TO SPEND MORE THAN THAT Go to “Your Wallet” click “Wallet Options” and “Register Collection” and put: 0xf4cf2B8141025A62303d95Ed3b2933347A36218B
The Hamburglar: Before we do the big announcement in a couple of minutes, do you guys have any questions for us Satoshi Clubbers? Maybe another AMA question?
Andrés M. | Satoshi Club: Q3 from Telegram User @JuanSB07 I know and I am aware that the “MCDC” tokens are somewhat useless, but in reality they have some unimportant but very characteristic functions, which are: carpet test to measure the size of the dicks, and measure the moon for no reason. My question is simple, why did they decide to take these 2 characteristics as representatives of the token, and how do they manage to effectively measure these distances?
The Hamburglar: Again, our coin is a parody! This is absolutely in our future measuring what you said and mooning, but really our passion resides in NFTs, Art, and Games. Our team has extensive experience in this and we have been constantly working towards this. And additionally, our website has been changed and will continue to evolve as our coin. We are not just a meme coin anymore.
McPete: I think it’s time to talk about the Drivethru. Our Drivethru game is powered by $MCDC through 8 coins that will be traded back and forth for less than 1 cent fees on xDai. The tokenomics of our coins are incredibly unique and novel and we are doing an audit to make sure everything is good to go. The tokens have a unique mechanism that is based on the volume that can benefit holders, liquidity providers, and traders equally. It’s a beautiful ecosystem that is possible on xDai because of small fees and our community of almost 1000 will all be playing it. The initial distribution will be done through farming, so if you plan on playing, a small investment now would be wise, before NFT farmers buy up all the MCDC throughout the month.
The Hamburglar: Again, as a reminder for those who aren’t used to DAI, fees are a fraction of a cent.
Gold Rocket | Satoshi Club: Is it already working? Or is it just a demo for now?
McPete: This is just a demo for now, but our smart contracts are ready and are about to be audited.
Gold Rocket | Satoshi Club: Who audits smart contracts for you?
McPete: War on Rugs will be our auditor.
Eric: The NFT farm is currently active and has a lot of participation!
The Hamburglar: Drive thru will be ready early Q2!
McPete: In 1-2 months.
Gold Rocket | Satoshi Club: Tell us a little more about farming. How can I earn?
Eric: If you own MCDC on xDai, you simply stake on unifty and you’re good to go! You just have to put in the time and then you redeem the NFT of your choice. We want everyone to have a chance, not just the big bag holders.
Gold Rocket | Satoshi Club: Is there a minimum or a maximum?
Andrés M. | Satoshi Club: Is there any guide for newbies?
Birdie The Early Bird: Yes, we have a PDF handbook prepared.
The Hamburglar: File: MCDC_HodlerHandbook.pdf First draft of an “Employee Handbook” style document for MCDC. Think I’ll expand on it and compile the guides on how to buy, how to bridge, how to stake for NFTs etc.
Add xMCDC coin to your new xDai Network Wallet Click Add Token Click Custom Token Put this in Contract Address: 0xC577cDdABB7893cC2cA15eF4b5D5e5E13c3FeeD3 Other fields should auto-fill Click Next
Get a drip of xDai so you can make transactions on the xDai Network Go here https://blockscout.com/poa/xdai/faucet Enter your xDai address Profit? But seriously you should now have .01 xDai in your wallet
Move your MCDC from ERC20 to xDai (This step requires some ETH for gas) Go to: https://omni.xdaichain.com/ Make sure your ERC20 wallet is open in metamask (not the new xDai) Click on the left where it says “Stake” then click “Add Custom Token” and put 0x8937041c8c52a78c25aa54051f6a9dada23d42a2 Put Maximum amount of MCDC and click “Unlock”, approve the unlock, then click “Transfer” Wait…. (can’t fucking wait to get off the ERC20 network) You now have xMCDC
Go to the Unifty MCDC NFT Farm and start your shift: Click here: https://unifty.io/xdai/farm-view.html?address=0x453aB05445daedb976DbF10e9D20BaC0174959cc Make sure your xDia wallet is open Click “Staking Options” and “Stake” 100 MCDC Your Points will begin to increase. After an 8 hour shift with 100 MCDC staked, you will have 100 points, enough to buy your first WAGIE NFT (iPhone may cause issues in Unifty if it does use PC or Android for now) WHEN MAKING ANY TRANSACTIONS ON xDai SET THE GAS TO 2 GWEI, YOU DONT NEED TO SPEND MORE THAN THAT Go to “Your Wallet” click “Wallet Options” and “Register Collection” and put: 0xf4cf2B8141025A62303d95Ed3b2933347A36218B
The Hamburglar: Also, we have been extremely active in helping new users on our telegram https://t.me/McDonaldsCoinHQ! Also, don’t miss our Vietnamese AMA in a couple of weeks over at this community! https://t.me/imcommunityitw
THANK YOU, EVERYONE!!! Let’s get some more questions!!!
Andrés M. | Satoshi Club: Q4 from Telegram User @Highpee McDonaldsCoin NFT Exhibition will be taking place on March 13th and you hope to gather collections from the best content creators and artists. I learned that this art exhibition will be held at a virtual museum known as the Pete’s Art House. What is the type of artistic creations that are acceptable for this event and how can interested artists submit designs for the exhibition? How do we locate the virtual museum venue so as to be part of this grand opening event? Also, will the gate to Pete’s Art House be thrown open for free entry or do we need to receive an invitation to be part of this online event?
Birdie The Early Bird: Initially, NFTs are images, we will be adding musical NFTs soon.
McPete: Interest Bearing NFT, and NFT Apps which are executables. These are also on our horizon.
Birdie The Early Bird: The link to our virtual venue is petesarthouse.com
McCommaClub: We accept most forms of art, but we enjoy bringing the renaissance to the public. So we want to curate the creme of the crop when it comes to hosting art events. Not everyone will be able to participate due to high demand as time wears on and we grow into different niches. Our goal for Pete’s art house is to secure it as the future similar to Sotheby + Christies Auction houses + Museums WITH interest-bearing NFTS for our community which can be farmed for our users.
The event on the 13th is a Free event for everyone to enjoy but as time wears on, we will seek different ways such as invite-only to special events. We should have a large community to grow within, ranging from art collectors to gallery owners globally around the world.
Our entrance fees in the future will be in $MCDC and other cryptocurrencies especially when we grow significantly.
The Hamburglar: Additionally, we plan on adding instructions and forms for art submissions on our newest update of the website! Expect this within the next 1-2 Weeks, likely following the grand opening of Pete’s Art House.
Andrés M. | Satoshi Club: Q5 from Telegram User @mm_carlos I was examining the McDonaldsCoin bases, and I saw in Etherscan that there are currently 388 McDonaldsCoin holders. Why did your team prefer to build the McDonaldsCoin structure over Ethereum and how did they manage to get this amount of Holders so fast?
McCommaClub: Dextools hasn’t updated yet but we have 510 holders currently on ETH and 115 on xDAI. We haven’t even begun our full marketing strategy, but when we do, you will be very surprised with the results that we will do.
Birdie The Early Bird: The Ethereum network is a solid foundation for MCDC, our ecosystem’s store of value. We grew quickly due to our great community.
The Hamburglar: Comma thanks for the specifics. We decided to go with Ethereum due to the availability on uniswap. After the fees became so high, we created a bridge on the xDAI network to lower fees and increase the overall availability.
Eric: Also, xDai will be needed for the Drive Thru game and for our NFT farming network 😊
McCommaClub: Which ties into our McSwap + McDriveThru, it’s an entire ecosystem that we plan to grow, and 40-50usd+ in gas fees will just not do.
Andrés M. | Satoshi Club: Btw, where can I buy an MCDC token different from Uniswap? Where is listed?
Eric: We are one of the default currencies on Honeyswap 😊
McCommaClub: HOW TO BUY $MCDC WITH UNISWAP AND HONEYSWAP xDAI.
The Hamburglar: We plan on expanding soon, but this hasn’t been our biggest priority since we are building our own drive-through.
Birdie The Early Bird: MCDC is bridged between Ethereum and xDai.
Andrés M. | Satoshi Club: Oh congratulations, actually our last question of this part is about that market 😃
Q6 from Telegram User @Korryl I see that your token $MCDC already listing on honeyswap, but after I check on honeyswap the current liquidity for $MCDC still low. How did your effort to try to increase the liquidity? do you have a plan to listing in another exchange in the future?
McPete: Ultimately for the Drivethru game, our eight sub-tokens, which have novel tokenomics, will be farmed out using xMCDC/xDAI LP on Honeyswap. Furthermore, some of our most impressive NFTs may end up being farmed for xMCDC/xDAI LP, rather than just xMCDC. With regard to other exchanges, we may bridge to other networks so other users can trade our coin natively. But most of the action will happen on xDai and Ethereum.
Gold Rocket | Satoshi Club: Tell me please, do you want to add something before opening the chat?
Andrés M. | Satoshi Club: Let’s go with the rain 🥳
Part 2 — live questions from the Telegram community
Q1 from Telegram user @ Rajashree
Kindly please give me the contract address to buy $MCDC and is there any plan to migrate to other chains in the future?
McCommaClub: The contract for the ETH pair on uniswap is here. We have a bridge that connects xDAI to MCDC but we plan to have more in the future.
To stake on unifty my MCDC what is the maximum time I can select?
The Hamburglar: Great question! We’ve posted the guide on how to stake up above, which I will post again! But to your specific question, you can stake up 10k MCDC on our unifty site farm.mcdccoin.net!
Here the guide is broken down for users again. Remember xDAI + Faucet = free fee transactions.
Q3 from Telegram user @ Holder Girl
What do you say about the idea of making a permanent tattoo of the winner of a meme contest when MCDC hits $1?
Birdie The Early Bird: You better believe it! We have designs for our team’s $1 tattoo floating around already. It would be fun to incorporate the winning meme into the design, great idea!
Q4 from Telegram user @ Super Ronaldo
What do you see McdonaldsCoin as? A shitcoin or fun coin or a meme coin?
Eric: When MCDC began we wanted to create a parody coin for fun, but we have evolved greatly since then. MCDC represents Art, Rebellion and innovation. From our NFTs to the live NFT Art Show hosted by PetesArtHouse and Unifty to the Drive Thru game. MCDC’s future is now limitless.
Q5 from Telegram user @ Tuvalunia
Do you plan to work with some influencers to make MCDC moon?
McCommaClub:
Q6 from Telegram user @ Artillery Trade
Can I sell my NFT’s I got at unifty on the OpenOcean anytime I want?
The Hamburglar: Yes, you can trade them on opensea.io, but you need to bridge them using the Unifty NFT Bridge. Unifty is also implementing a marketplace very soon to do it directly on the Unifty site, which will make this much easier. Unifty has big things in the works and they are working with us every step of the way. Here is an example of one of our users who already hosted his Burger Flipper: https://opensea.io/assets/0xb129c80194c7c8f80efc4313e7019f0bacb1d464/3 Additionally, farm.mcdccoin.net will have the marketplace available directly once implemented by Unifty.
Q7 from Telegram user @ ❣️❣️ An Angel ❣️❣️
From the start of the covid-19, I missed going and eat from outside. From McDonald’s and other places. How can you satisfy my longing?
McRonald: When 1 MCDC = 1 Big Mac we will satisfy all of your longings.
Q8 from Telegram user @ 💐💗 NDee 💗💐
Will there more characters be introduced to “MCDC NFT character Farm” in the future?
Eric: YES. We might even have a few special celebrity ones coming out soon 😉
Q9 from Telegram user @ Khalee
Do you guys consider developing a McResto Game app, in which users could earn $MCDC while playing on it? What do you think? 😁
Birdie The Early Bird: Absolutely, developing new games is a key part of our ecosystem.
Q10 from Telegram user @ Yong| sigmal protocol
What inspired you to embark on the Mcdonaldcoin project?
McRonald: We wanted a stable coin where everyone could moon their hard-earned funny monies and have fun doing it. We wanted to be bigger than Wall Street bets, dogecoin. This is meme economics. Trust the McPlan.
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DMEX Team will select 10 questions and answer them.
Part 3: 600$ – A quiz about DMEX
For more details:
DMEX – @DMEX_Chat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from SaltSwap and our guest was @saltPink – representative of SaltSwap. The AMA took place on 6 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 SaltSwap!
Welcome to Satoshi Club😀
D. | Satoshi Club: Hello all! 👋
D. | Satoshi Club: @saltPink welcome to Satoshi
club!
D. | Satoshi Club: Good to have you here!
Mary | Satoshi Club: @saltPink welcome here😀
saltPink: Hello!
D. | Satoshi Club: how are you doing? 😄
saltPink: All good here 🙂
D. | Satoshi Club: Great!
Mary | Satoshi Club: @TheSaltKing welcome to Satoshi Club 😀
Salt King: Hi everyone, thanks for having us here today, excited to share about our
project SaltSwap!
D. | Satoshi Club: Welcome!
Mary | Satoshi Club: Happy to see you here 🔥
Mary | Satoshi Club: How’s going?
Salt King: Quite alright, working hard over the weekend to push new features to our
project!
Mary | Satoshi Club: Awesome 👍
Mary | Satoshi Club: So, let’s start our AMA 🚀
Salt King: Let’s do it! 😊
Mary | Satoshi Club: Please, introduce yourself to our community and tell us more about SaltSwap
😀
Salt King: We are a group of friends from Portugal that have been in the crypto scene since around 2013 and have been fairly active since last year on the Ethereum space with DeFi. We were early adopters in Uniswap, as well as some of the early farming projects like Yearn.finance / YFI.
Mary | Satoshi Club: So, you’re more than familiar with DeFi system 😀
Salt King: However, more recently, with the increasing gas price feeds on the Ethereum
blockchain, we have started to explore other alternative blockchains, such as
AVAX and Binance Smart Chain (BSC), which proved to be an ideal blockchain for
DeFi, given the cheap transaction costs.
It all began for us by changing our trading habits from Uniswap to Pancakeswap, and afterward, we started to see yield farm projects like Goose Finance, and we felt we could do better, so decided to ahead and build SaltSwap.
D. | Satoshi Club: So SaltSwap is your first project as a developer?
Mary | Satoshi Club: It’s really nice that you want to achieve perfectness 😀
Salt King: SaltSwap is a fork of Goose/Egg Finance with some subtle differences.
Particularly, we felt that the deposit fee of 4% was too high, so we lowered it
down to 3% to increase adoption. We then also use the proceedings from these
deposit fees to buyback SALT, as well as to create launchpools that we call
oceans, that allow users to farm BNB/BUSD, and other tokens, by staking SALT,
giving back to the community their deposit fees.
D. | Satoshi Club: Very nice feature.
Salt King: Not at all, our team is comprised of 3 developers and 1 product manager, as well as a fantastic team of moderators that have been helping us daily throughout this journey, constantly helping our users on Telegram.
We are experienced developers, and we have developed projects in the blockchain space in 2017 using Solidity.
We love to develop, and have been doing so for many years now 🙂
Mary | Satoshi Club: And you also have experience in DeFi space? I mean in development
previously?
Salt King: Our lead developer has extensive experience working as a Solidity contractor in the blockchain space and has previously deployed DeFi projects on the Ethereum mainnet, particularly farming contracts (Synthetix-style), as well as audited a dozen more.
D. | Satoshi Club: Definitely. and as I see SaltSwap is a young project but already successful ~ 15 mil TVL already is quite cool 👍
Salt King:
We are also all active DeFi users, we are staking our own money on SaltSwap,
which goes to show how much we trust our own platform 🙂
Mary | Satoshi Club: As i understand you are an anonymous team, right?
D. | Satoshi Club: 👏
Salt King: We extensively use pretty much all the different DeFi money legos available, from putting our assets as collateral in lending platforms, such as Aave and Compound, and using loans to farm in different DeFi projects.
We are true, we believe the ethos of this space entitles everyone to be anonymous, and code should be the only thing that needs to be trusted.
Our code has extensive documentation online, and it’s easy for anyone with coding experience to verify that all funds are safu 🙂
Mary | Satoshi Club:
Ok, is it trusted?😀 Did you make any
audits?
Salt King: Not only that, but we have managed to hold that TVL for over 2 weeks already. Most of our competitors’ (e.g. Donut, Taste, etc.) TVL dropped to less than $1M 2 days after launch.
Ours kept increasing due to our fantastic community as well as the development team pushing new features on a daily basis, and new ways to put SALT to use.
We have commissioned an audit to CertiK, which should be available in the upcoming days.
This is more of a “stamp” than anything else since our contracts are provably safe on-chain.
Mary | Satoshi Club: Wow, you choose one of the best😀
Salt King: We have removed the famous migrator code that allowed many farms to “rug”, and all accesses to our farm contracts are behind a Timelock that requires prior notice of 12 hours before any action is made, and even so, the only action we could do is reduce the weights of an existing pool or modify an existing one. Funds are 100% safe.
Mary | Satoshi Club: I like this👍 you’re really cool
Mary | Satoshi Club: Now I need to be a bit salty and interrupt our conversation to ask if you are ready for questions from our community?😂 Or you want to add something?
Salt King: Haha, we are ready, just wanted to add that if this is the first time you’re hearing about SaltSwap, and you want to know more, please pop by our telegram channel (https://t.me/SaltSwap), or our website (https://www.saltswap.finance). We have been pushing many different features lately, with a special focus on our launch polls, which allows you to make the most out of your farmed SALT tokens, to get other tokens.
Salt King:
We’re ready for the community now 🙂
D. | Satoshi Club: Great! awesome intro, thank you!
Mary | Satoshi Club: Sure, Satoshiclubbers, join and enjoy 😄
D. | Satoshi Club: Now let’s dive into the salt sea of the questions 😉😄
Q1 from Telegram user @AugusS7 Do you think that the Swaps of the BSC chain will become as recognized and successful as the Swaps of the ETH chain? if so, could SaltSwap become BSC’s Uniswap? allowing other projects to be a simple fork of your Swap?
Salt King: Great question, we believe Ethereum will stay attractive for so-called whales, that can easily spend $1000 per day in gas fees, but BSC will be the place for newcomers to this space, who want to grow their portfolio, or just learn about DeFi, by spending only a few dollars.
We are not competing directly with Uniswap, we aim to complement PancakeSwap, and provide alternative ways for users to get some yield out of their assets.
At least for now 🙂
D. | Satoshi Club: Totally agree
Mary | Satoshi Club:
If Ethereum will be back with low fees, don’t you think about SaltSwap on
Ethereum chain?😂
Salt King:
Certainly, yes, we all started with Ethereum, but we don’t see anything in the
short-term roadmap that will solve the problem with high gas fees. EIP-1559
will not solve this problem, and ETH 2.0 won’t go live until at least late
2022.
So BSC is here to stay until then, or so we believe, and that’s what we are betting on 🙂
Mary | Satoshi Club: Yes, I have the same feeling 😄 thank you for your answers! Ready to proceed?
Salt King:
Let’s go! 🙂
Q2 from Telegram user @shihadk9074 Would users of your platform be rewarded with SALT Token every time they make a trade or the reward would occur occasionally like how a platform like Uniswap and 1inch does?
Salt King: SALT token is a reward for those that stake in one of our many farms, pools, or oceans available on our platform. We do not foresee any airdrop, since we don’t have the ability to mint more tokens, all tokens are minted through the farming contract on every block (1 SALT/block).
Mary | Satoshi Club:
Btw, do you have any governance?
D. | Satoshi Club: I see you have a lot of pools and farms on every taste 😇
Salt King: Great question, we do support Compound-style on-chain governance in our token, but right now it’s not being used actively. We are exploring different venues for doing so though, through the snapshot.
Mary | Satoshi Club: So, Salt also is a governance token?
Do you have any articles or where can we get more info about this?
Salt King:
That’s the plan, but for now, since it’s a very recent project, we are
gathering feedback from our community through telegram rather than strict
voting with SALT.
We will be publishing more about it in the upcoming week, we have plans to set up a snapshot page for voting (https://snapshot.page).
This is similar to how governance works in PancakeSwap, where users can vote to adjust the weights of different pools.
Mary | Satoshi Club: Gotcha 👍 thanks, everything is clear for me 😀
Ready to go to the next question?
Salt King:
Of course 🙂
D. | Satoshi Club: Let’s goo!
Q3 from Telegram user @costurera3000 Your roadmap mentions the launch of your NFT token for Q2 2021. Considering that we are close to starting Q2, can you explain a little about this NFT? How can it be acquired and what value will it have for users?
D. | Satoshi Club: Two months of 2021 already behind, so fast 👀
Salt King:
It’s undeniable that NFTs are a pretty hot topic lately, and we are also fans
of it. We have started to reach out to some artists in order to allow us to
create unique content that we can then tokenize via NFTs. However, at the
moment, we don’t have a specific date for their launch.
In terms of added-value, it would be just another area where SALT can be used, further increasing its token utility.
Mary | Satoshi Club:
Btw, you’re more familiar with BSC, does it already have NFT marketplaces?
Salt King:
We were early purchasers of some of BakerySwap’s NFTs, that have seen their
price increasing more than 10x for the past 3 months, and this is a space that
is just getting started on BSC.
Not at the moment, there’s no market such as OpenSea or Rarible yet, but there are some teams working on it.
Mary | Satoshi Club:
SaltSea😀
Salt King:
I would be surprised if by the end of March there wouldn’t be an OpenSea
alternative on BSC.
Mary | Satoshi Club: Yes, that’s what a lot of people waiting for 😀
Salt King: Haha, that’s a great name, who knows, we might need to hire some more developers, and hire you as our Chief Salt Officer 🙂
Mary | Satoshi Club: I will think about this😂
Ready to jump to the next question?
Salt King:
Let’s go 😀
Q4 from Telegram user @belkysgonzalez Partnerships are an important part of the development of new crypto projects. Can you give us details about your partners and how you are mutually benefiting? Are there more partnerships in the future for SaltSwap?
Salt King: That’s right, partnerships in crypto are crucial. We are lucky to have partnered with a few key projects already, of which I would like to mention beefy.finance, which has been around since the early days of BSC, where users can leverage their vault strategies to auto-farm SALT and automatically compound the rewards.
We have also collaborated with Slime.finance and more recently https://cafeswap.finance, where we mutually help each other by providing farmable tokens.
We have in mind a few other partnerships, we are approached by many teams daily, but as you know, there are many scams in this space, and we need to first and foremost protect our users and our image, and do appropriate due diligence before partnering with anyone (as I’m sure they do for us).
Mary | Satoshi Club:
Great partnerships! What’s next?😀 We love hints and
secrets here😀
D. | Satoshi Club: As i know, Babe Defi is one of your recent partners? and there have launched their project a couple of hours ago…will you add farm with their token as well?
Salt King:
We already have beefy, so naturally, autofarm would be a great next partner,
let’s see what the future holds 🙂
Mary | Satoshi Club: 👍
Salt King: Babe Defi is a very recent project on BSC, and they have a cool proposal around some brand new NFTs that we are looking to explore together. Details of the collaboration still to be defined 🙂
Mary | Satoshi Club: We are waiting for news from you 😀
Ready for the next question?😉
Salt King:
Yes ma’am 🙂
Q5 from Telegram user @Indomiekuy I read that Saltswap has a launchpools named Oceans. Could you tell me what token that available in your Oceans and how many totals pools do you have in Oceans? Besides staking in Oceans, what are we able to do there?
Salt King: Oceans are an alternative way for users to stake their SALT and earn tokens other than SALT. For instance, at the moment, we support SLIME, BUSD, and BREW (CafeSwap). In the past, we also ran some flash pools for EGG, because everyone knows EGGs go well with SALT.
D. | Satoshi Club: Ahaha that’s right about eggs 😄
ARP is quite nice in your oceans btw 👌
Mary | Satoshi Club: How much?
D. | Satoshi Club:
you can see, i posted the link 😇
Mary | Satoshi Club:
Btw, what was the highest APR on SaltSwap?😀
Salt King: It’s hard to tell, APRs usually start very high and then get diluted in time as more and more people put SALT in the oceans.
However, the good thing about BSC, is that it’s easy to keep moving around between oceans and always get the highest APR.
As it costs only a few cents to unstake and stake again on a different pool.
On Ethereum, this would cost at least $500.
D. | Satoshi Club: So true
Salt King:
Which is the total asset value of what some of our users are farming with,
that’s why we truly believe in BSC as the onboarding blockchain for newcomers
to crypto.
Mary | Satoshi Club: It’s paradise after ETH
And you’re among the first 😀
And we have 6th and last question from this part 😀
Ready?
Salt King:
Let’s do it 🙂
Q6 from Telegram user @Brainchest What supports the Salt price in the long run? In the short term, the token can rise in price due to hype, but then under the pressure of sales from tokens received from % profit interest, the price will go down sharply
Salt King:
We are working on different deflationary features that will revert the effects
of the farming inflation. One of these potential features is a Lottery, where
users would pool and burn their SALT tokens in exchange for lottery tickets. We
also frequently burn SALT tokens from our dev share (yesterday we burned around
$70K worth of tokens), which also helps to alleviate the inflationary pressure.
Mary | Satoshi Club:
Can you share your tokenomics with us, please 😉
Salt King:
Our tokenomics are actually incredibly simple, this was a fair launch, and
therefore there was no presale. Every block 1 SALT is generated and distributed
proportionally to all the different stakers in our farms.
D. | Satoshi Club: Yep, the hardest thing for the new project is to stabilize its price. especially for the farming project, where people farm tokens and sell them immediately, you have very good incentives to hold SALT 😉
Salt King:
A small percentage of that generated SALT is also sent back to our dev wallet,
which we use for marketing (such as AMAs), to burn, or pay for services (like
CertiK’s audit).
Since there was no presale, we don’t have any allocated % for marketing, advisors, etc.
And all-new tokens will come from the farms.
Mary | Satoshi Club: I think it is what is calling now ‘fair launch’.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @vedamatrix Another project got exploited today because smart contracts are really vulnerable to complex exploit attacks. How can you solve the smart contract exploit problem?
Salt King: Our contracts are public and we have removed the migrator vulnerability from them, which is what allowed most attacks to happen. We have extensive docs available at https://saltswap.gitbook.io/salt/core-products/contracts as well.
Q2 from Telegram user @KASG95 Really why SaltSwap like other protocols predict the BSC chain to develop their swap, when really in the ETH chain there is a much greater diversity of tokens? Is it just because of the high cost of gas for each swap in eth? or what characteristics was it that attracted them?
saltPink: We like it a lot BSC because it is super fast with 5second blocks, but the main reason is the low fees. Low fees enable us to provide any dapp to a large set of users that in ETH was restricted to more wealthy users. Release new contracts is also super cheap vs doing it on the ETH, lowering our operating costs. We believe that more users, due to lower gas fees, is better for the economics of our token.
Q3 from Telegram user @moe_808 Burning of tokens is one of the best ways to rise token prices. Can you tell us about salt token’s latest burning? And how did it affect the salt token price? And when is the next token burning?
saltPink: We burned more than 800k$ in SALT tokens. But ultimately we don’t believe in burning will be good long term. This is a short-term pump. So we invest the deposit fees instead of in providing partnerships and oceans. Oceans enable our users to stake their SALT and earn BUSD, BNB, SLME, BREW, etc… we believe that giving a long-term hold incentive is better than burning tokens.
Q4 from Telegram user @AmirJosh Is $SALT already listed on Cex? Is listing on top Exchanges included on the itinerary plans for 2021?
saltPink: Not yet, although we are in talks with 2 exchanges on a possibility to list SALT there. We cannot reveal more at this time.
Q5 from Telegram user @AmirJosh What is the reason behind using the name SALT for your project? What is the great story behind the platform’s name? Why have you chosen it?
saltPink: Initially, we want to go with APE and Bananas, but just a few days into coding, someone released a farm with this name, so we rebranded to Salt and saw Saltbae as a cool figure to work on. This proved to be even better than Bananas as memes are easier to create.
Q6 from Telegram user @Chinthaka93 You have mentioned that “AUDIT BY CERTIK IN PROGRESS” what is the status of the audit as of now? Do you have any major issues with your smart contract?
saltPink: Certik is very busy at the moment. We paid the audit already 1.5weeks ago but still no updates 😕 , we just need to wait a bit longer.
Q7 from Telegram user @Korryl From what I know saltswap is a farm project, can you explain how does your farm system work, did you have a premise system? how is the calculation reward that user will get by staking?
saltPink: We didn’t have any premises. we made a fair launch, so all SALT tokens are farmed. You can farm SALT by staking LP tokens and single coins.
The reward is 1SALT / block for the users.
With the SALT users can either trade it or stake it on the SALT pool to make more SALT alternatively users can stake SALT in our oceans to earn BUSD, BNB, CAKE, SLME, etc… we believe this is a really great way to make tokens
Q8 from Telegram user @Gabrielle124 In Decentralized Exchanges, one of the biggest issues and problems is the lack of Liquidity compared to centralized exchanges. How can SaltSwap with its technology solve this problem? What are your possible ways to address these shortcomings and create acknowledgment for DEXes that is different from Centralized Exchange?
saltPink: We are actually helping pancakes was by providing a farming mechanism to give incentives to create Liquidity.
Q9 from Telegram user @ubuntucoder Can you share some of your milestones you completed after starting the project and what are the new upcoming milestones you have for the future?
saltPink: Yes, We made our fair lunch on the past 20.Feb. It was a success. After that, we moved on to add the Oceans feature that proved to be a huge success.
Next, we are going to add a lottery system to help reduce the supply of SALT and add a bit of gambling to our platform.
Q10 from Telegram user @cindy_crypto As I remember the Binance smart chain projects are getting $100 million if investment from Binance. Did you get this investment from Binance Dex?
Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Bosagora and our guest was Sook, BD. The AMA took place on 5th March.
The AMA session was divided into 3 parts with a total
crypto reward pool of 500$
In this AMA Recap we will try to summarise the most
interesting points for you.
Part
1 — introduction and questions from the Telegram&Bitcointalk community
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Bosagora! Welcome to Satoshi Club😀
Gold
Rocket | Satoshi Club: Good evening, dear community!
Today our favorite
project, our good friends, is our guest!
Sook
/ BD at BOSAGORA: [ 👍 Sticker ]
Mary
| Satoshi Club: Welcome here 😀
Gold
Rocket | Satoshi Club: Welcome to Satoshi Club,
@sookspecial!
Sook
/ BD at BOSAGORA: Thank you for your warm welcome!
Gold
Rocket | Satoshi Club: [ ❤️ Sticker ]
Mary
| Satoshi Club: Happy to see our favourite Bosagora here
again😍
Sook
/ BD at BOSAGORA: Feel honored and happy to join
SatoshiClub’s AMA
[ ❄️ Sticker ]
Gold
Rocket | Satoshi Club: Thanks for joining @sookspecial!😍
Mary
| Satoshi Club: Could you please introduce yourself and
Bosagora for our new users, who accidentally could miss our previous AMA 😉
Sook
/ BD at BOSAGORA: Thank you @GoldRocket27 and @madamlobster
❤️
No problem at all.
Hello, SatoshiClub!!!
It’s been a while since I
last answered your questions!
Actually 1 year has flied
since our last AMA with SatoshiClub
(https://medium.com/bosagora/satoshi-club-ama-bosagora-recap-a49b85273c5f). I
see SatoshiClub has grown A LOT in just one year with AMAs back to back
everyday. Happy to be back and it feels like home!
I am Sook, BD at
BOSAGORA. I am here to introduce to you about BOSAGORA, the first ICO project
from Korea in 2017, currently ranked at #366 according to CMC today
(https://coinmarketcap.com/currencies/bosagora/).
BOSAGORA’s vision is to
make a better world. Towards this mission, we will realize and provide more
secure and convenient financial services. Another important effort is to
contribute to making a better world by developing and practicing the UN’s
Sustainable Development Goals (SDGs).
Our core values are
transparency, fairness, and publicness.
As a decentralized public
financing blockchain platform, Congress Members (part of the decision-making
body) can decide on what projects/ideas to support and fund through a
democratic decision-making process. With the Commons Budget (1.8b BOAs),
Congress Members can finance great projects and ideas through voting.
Thank you for having me
and inviting me again to SatoshiClub community!
Gold
Rocket | Satoshi Club: What you are doing is incredibly
important for world peace! ❤️
Sook
/ BD at BOSAGORA: Thank you for being such a big fan of
BOSAGORA. We are very thankful of all
your support!
Gold
Rocket | Satoshi Club: I love that you are connecting
blockchain and new technologies with caring for the planet! 🌎
Mary
| Satoshi Club: Thanks for everything you’re doing! Your
initiatives always great and world definitely became better with Bosagora!
Gold
Rocket | Satoshi Club: Our community has questions. Ready
to proceed to this part of AMA?
Sook
/ BD at BOSAGORA: Together with all our friends, we think
it is essential for crypto projects and us to be involved in UN SDGs
(Sustainable Development Goals) and make a better world with grassroots movement.
Yes, sure!
[ 👍 Sticker ]
Q1 from Telegram
user @mm_carlos
Bosagora says that DeFi
is a great example of innovation but that it still has many limitations. Why
does the Bosagora platform consider DeFi to be far from universal if DeFi
currently covers a wide range of use cases? What financial tools does Bosagora
offer to meet DeFi needs?
Sook
/ BD at BOSAGORA: Very recently, we have released T-Fi
(also “True Finance), BOSAGORA’s unique definition and an alternative to DeFi.
T-Fi is a next-generation financial business model that combines blockchain
with traditional economy. In other words, it is an innovative BM that seeks
stable and high returns by combining financial products with BOAs.
Basically, T-Fi service
allows all users to invest in crypto and earn from traditional economy.
There are three different
ways to participate in T-Fi mainly being 1) node operation using BOAs, which
will result in BOA rewards(staking confirmation rewards: 37.84%), 2) lending
BOAs to FMway(7% or more of interest rate), and 3) investing in STO projects.
DeFi is a great
innovation, but with many limits such as limitation that it only supports
ERC-20 based tokens and it is still in its nascent stages with lots of
uncertainty and vulnerability associated with it.
Mary
| Satoshi Club: That’s great! Do you have any statistics
about how many users already participated in T-Fi?😀
Sook
/ BD at BOSAGORA:Our first round of T-Fi Lending service
with T-Fi Labs closed after 47 seconds after the opening of the application
with the cap of 10m BOAs filled just in a matter of time!
[ 👍 Sticker ]
Gold
Rocket | Satoshi Club: 😎 awesome 👍
Mary
| Satoshi Club: Wow! It was so fast😂 i see your
members enjoyed it👍
Sook
/ BD at BOSAGORA: It closed even faster than our ICO 😀
Very impressive and thank you all for participating in our first round.
Second round is expected
to open in May 🙂
Mary
| Satoshi Club: 15 seconds?😉
And our next question is
also connected to T-Fi😀
Sook
/ BD at BOSAGORA: Maybe even faster 😀
Gold
Rocket | Satoshi Club: don’t forget to share with Satoshi
Clubbers🙏
Sook
/ BD at BOSAGORA: Will Do!
I am waiting for our next
question 🙂
Q2 from Telegram
user @MihaiPisica
Your Motto is “Make a
better world” through the BOSAGORA platform. Towards this vision, BOSAGORA
seeks to contribute in its way, one of them being to contribute to Sustainable
Development Goals (SDG), which are the goals of humanity set by the United
Nations. In achieving this vision, you set “Transparency, Fairness, and
Publicness” as your core values andyou proposed a T-Fi
(True Finance) financial ecosystem as the first step towards implementing and
achieving this. Can you relate us a bit about this next-generation financial
business model? As we know the digital finance has a huge potential, but,
however, has its limitations, WHAT are your innovations in this area of digital
finance? Can you show us the T-Fi Structure? And how we can participate in it?
Who are your partners in developing such a great idea?
Sook
/ BD at BOSAGORA: we have announced BOSAGORA’s unique
definition and alternative to De-Fi, which is T-Fi, short for True Finance.
T-Fi is a next-generation financial business model that combines blockchain
with traditional economy. In other words, it is an innovative BM that seeks
stable and high returns to the world by combining financial products with BOAs.
2020 was marked by DeFi.
DeFi is indeed a very innovative digital financial model, but it is not without
its limits. First of, it is not universal in that it cannot replace and be
applied to pre-existing financial products. Many still do not understand how
DeFi works and what needs to be done to participate in it. Moreover, DeFi does
not take into consideration fairness in that it can be abused and manipulated
by attackers and even the founders themselves.
T-Fi is BOSAGORA’s
alternative to DeFi overcoming the limits of DeFi and seeks to realize the
values of universalism and fairness (https://bit.ly/3u8kJVs).
Basically, T-Fi service
allows all users to invest in crypto and earn from traditional economy.
There are three different
ways to participate in T-Fi mainly being 1) node operation using BOAs, which
will result in BOA rewards, 2) lending BOAs to FMway, and 3) investing in STO
projects(targeted for the end of 2022).
Sook
/ BD at BOSAGORA:
You can see the structure
of T-Fi in this one pager 🙂
Gold
Rocket | Satoshi Club: Thank you very much for sharing!
It’s enough just to take part! 👍
Mary
| Satoshi Club: What do i need to do to participate in an
STO project, for example?😀
I need to tell that it’s
very complex structure!
Sook
/ BD at BOSAGORA: As you might already know, STO is still
not certain meaning that it has no clear legal guidelines yet. We will wait for
until next year to receive approval from SEC to properly invest in STO projects
related to real estates so that we can open up T-Fi to even greater market and
also the U.S.
Mary
| Satoshi Club: Gotcha 👍 landing of staked BOA works, as i
understand😀 which was max/min for current round?
Sook
/ BD at BOSAGORA: The min. amount of BOAs to stake is
40,000 BOAs as the norm when Coin net is launched. To be a node operator, you
will need to stake and forego 40k BOAs. The max. amount of BOAs one can lend is
1m BOAs with the cap at 10m.
You can see the cap has
been filled in T-Fi website above.
Mary
| Satoshi Club: Thank you! And our next question is
connected with this😂
again
Can we jump to it?
Sook
/ BD at BOSAGORA: Oh… T-Fi is receiving a lot of
attention! Which is good!
let’s jump right it!
Q3 from Telegram
user @igervacio
In the Bosagora White
Paper it says that you can achieve a yield greater than 30% in a year but it is
necessary to bet more than 30,000 BOA tokens, but what will happen to those
holders who have difficulties to meet the requirement of more than 30,000 BOA
tokens ? Is it possible to receive rewards through another type of service in
Bosagora?
Mary
| Satoshi Club: I can help Sook😀 i have some
info!
Sook
/ BD at BOSAGORA: Yes, since it is our first round of T-Fi,
we wanted to secure the same rewards rate as you would when you actually run a
node after Coin net, BOSAGORA mainnet is launched. That is why we set the
rewards rate for staking as annual return rate of 38%. Interest rates may vary
with diversifited investments with traditional economy and STO projects later
on. The very reason why we opened T-Fi service was to accomodate and open
financial investments to those who can’t meet the min. creditials of 40,000
BOAs (currently BOA is $0.211 which makes it approximately $8440). That’s a
lot! 😀 So… with T-Fi, even those without 40,000 BOAs and even less can
participate in future rounds that we will open for T-Fi.
Ohh advertisement time!
This is awesome, BOA
trading event!
[ ❄️ Sticker ]
Mary
| Satoshi Club: Yes, and thank you for giving to our
members such opportunity 👍🔥
Sook
/ BD at BOSAGORA: No problem at all! I am just happy to
share with you BOA!
[ ❄️ Sticker ]
Mary
| Satoshi Club: It’s great that everyone can join and
earn with Bosagora!🚀
Really gold times!
Sook
/ BD at BOSAGORA: Hope BOA can make the world go around!
Can’t wait for the next
question 🙂
Mary
| Satoshi Club: I have no doubts!
@GoldRocket27 shoot it🚀
Q4 from Telegram user
@sirdefi
You drop the term Smart
Contracts from Ethereum and employ the term Trust Contracts. What are the most
important differences between both? What things do they solve about Smart
Contracts? Are they more secure? Easier to program? I saw that you use
WebAssembly as the programming language for them. Why did you decide that it is
better than Solidity?
Sook / BD at BOSAGORA: Smart contracts have the potential to be a paradigm shift in the development of decentralized applications. Programs that are not held on a centralized server, yet can run the same logic anywhere. Smart contracts can be used to develop: decentralized marketplaces, currency exchange platforms, and projects like Golem which aim to create a 4 decentralized worldwide super-computer. However, the freedom and flexibility provided by the Turing-complete language which Ethereum is based on is the cause for several serious problems.
WebAssembly is a new type of code that can be run in a modern web browser. It provides new capabilities and offers significant performance benefits. WebAssembly is a binary instruction format for a stack-based virtual machine. WebAssembly is designed as a portable target for compilation of high-level languages like C/C++/Rust, enabling deployment on the web for client and server applications.
Gold
Rocket | Satoshi Club: Thank you very much for your
comprehensive answer! 😊
Mary
| Satoshi Club: I see your development never stops!
Always read your monthly reports, even that tech part in which everything is
hard for me!
Can you tell us how big
is your development department?😀
Sook
/ BD at BOSAGORA: Can’t believe you translated that! It’s
hard for me to comprehend as well!
Gold
Rocket | Satoshi Club: [ 💪 Sticker ]
Mary
| Satoshi Club:Yes😂 it wasn’t easiest challenge for me😀
Sook
/ BD at BOSAGORA: We have more than 10 developers from all
parts of the world. CTO, Matthias is from France, and many of our developers
come from international backgrounds, some working remotely.
Gold
Rocket | Satoshi Club: It can be seen that this is a good
team of like-minded people! 👏👏👏
Mary
| Satoshi Club: Yes!
Tell them hi from us! They’re incredible 🤩
Sook
/ BD at BOSAGORA: [ 👍 Sticker ]
Mary
| Satoshi Club: Thank you for your answers 👍 Ready to proceed?
Sook
/ BD at BOSAGORA: Let’s continue!
Q5 from Telegram
user @konditer_rolex
When I’m in a good mood, I like to think about
what I would do as a developer of this or that project. Giving advice is my
favorite pastime, but it’s probably an age one)) That is why I like the DAO
management system. And the first thing I noticed in Bosagora This is the VOTERA
platform. I watched the demo video on YouTube, but it is too short to get a
full picture of what it is. Tell us about VOTERA, how it works and who can vote
Gold
Rocket | Satoshi Club:😂
lol
Sook
/ BD at BOSAGORA: Thank you for your question and watching
our video on Votera. Votera is the tool BOSAGORA will incorporate to Coin net
for true democratic decision-making process. By democratic decision-making, we
mean that
-All node operators
should participate freely
-Prevent the distortion
of public opinion (free from bias)
-Everyone needs to be
given a random name; anonymity is crucial
-The voting results
should be stored in the blockchain transparently
This anonyomous, yet
transparent tool will allow all Congress members to decide on system and
funding proposals fairly. Reaching an acceptable outcome by allowing every
member to participate in an equal and rational way is finally possible thanks
to VOTERA(https://bit.ly/2FtBNB6) within the BOSAGORA system.
Mary
| Satoshi Club: Is this Votera tool already working?
Sook
/ BD at BOSAGORA: Yes and no 🙂 The tool is already
developed. It needs to be incorporated in Coin net 🙂 Coin net release is
expected June 1st of this year.
Gold
Rocket | Satoshi Club: By the way, tell us please, does UN
membership help the implementation of blockchain in government? It would be
good if Votera, the technology of transparent voting, began to be applied in
countries to achieve democratic results.
@sookspecial
Sook
/ BD at BOSAGORA: Yes, we might have the possility of show
casing how Commons Budget and Votera can actually work in a real policy
decision-making process. However, it doesn’t have connections to UN membership.
We are only part of UNGC (UN Global Compact), the world’s largest global
sustanability initiative of corporate members 🙂
Mary
| Satoshi Club:
👍
Gold
Rocket | Satoshi Club: Thank you very much for the
clarifications and for your contribution to the cause of peace.❤️
Sook
/ BD at BOSAGORA: [ ❄️ Sticker ]
Gold
Rocket | Satoshi Club: Ready to the next question?🤗
Sook
/ BD at BOSAGORA: Let’s go~
Q6 from Telegram
user @Brainchest
You have started the year well, really
bullish. listing on KuCoin, launching a product whose 1st round subscription
ended in a matter of hours. Is there any other news in the pipeline, e.g. is your
Coin net development possibly to be redeveloped into an interoperable network
(cross-chain)? Maybe the launch of other financial products that will connect
NFT and the real world? It would be very convenient to be able to buy real
estate on the other side of the world just by buying NFT, while knowing that
all the legal details and reality of the real estate itself have been verified
by affiliated companies.
Sook
/ BD at BOSAGORA: oh this question is from our dear friend!
He is so smart and keen…! The next news in pipeline is the next round of T-Fi
(2nd round), which we will open in May. We are quite busy to meet the launch
date of our Coin net in June 1st. Within this year, we will work with Chainlink
to automate the full procedure related to T-Fi. By using Chainlink’s Oracles,
we will ensure that users have highly secure and reliable exchange rates during
all junctions of the automated yield-bearing strategy, making it more trusted
and transparent.
In terms of development,
we are looking forward to sharing with our community BOA wallet and explorer,
public test net and Flash Layer within the 1st half of 2021. Very busy, yet
exciting year for BOSAGORA!
Gold
Rocket | Satoshi Club:
[ 🙂 Sticker ]
Sook
/ BD at BOSAGORA:
[ 👍 Sticker ]
Mary
| Satoshi Club:Wow, so many events! Which event do you
personally wait most of all?😀
Gold
Rocket | Satoshi Club: Btw, on which exchanges can I still
buy BOA and what listings are you still planning?
Sook
/ BD at BOSAGORA: For me, although I am BD, I am also in
charge of all SDG-related activities of BOSAGORA. I am waiting to release our
very first SDG campaign of this year near the end of March 🙂 We have many
pleasant surprises coming and really expecting a great year!
We are listed in Bittrex
Global, Kucoin, Bithumb Global, and Coinbene 🙂
Gold
Rocket | Satoshi Club: We are also looking forward to🙏🚀🚀🚀
Sook
/ BD at BOSAGORA: We were listed in Kucoin in February and
hosted many trading events for those new to BOA and also for SatoshiClub today!
Mary
| Satoshi Club: You are the best in surprises😉👍
Sook / BD at BOSAGORA:
[ ❄️ Sticker ]
Mary
| Satoshi Club: You’re my favourites 😍
Gold
Rocket | Satoshi Club:Thank you very much for the answer.
I’ve already tried a few to be honest 😁
Sook
/ BD at BOSAGORA:
[ 👍 Sticker ]
BOAs are getting
expensive day by day… and I am shocked everytime I set the amount for airdrop
Sook
/ BD at BOSAGORA: [ 👍 Sticker ]
Let’s follow the rules
and bring me the questions!
Mary
| Satoshi Club: Sure, our members participate in your
events 👍😍
Let’s go 🚀
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Smartling
Which of the UN’s SDG does BOSAGORA
practice and how can BOSAGORA maintain these goals?
Sook / BD at BOSAGORA: BOSAGORA
Foundation became a full-fledged participant of the UN Global Compact (UNGC) in
November 23rd, 2020. UNGC is the world’s largest corporate sustainability
initiative that provides guidelines and supports the implementation of Ten
Principles and the SDGs in business strategies and day-to-day operations. It
calls for companies to align strategies and operations with universal
principles on human rights, labor, environment and anti-corruption, and take
actions that advance societal goals. Currently, more than 12,000 companies
based in over 160 countries have joined this initiative with BOSAGORA Foundation
joining the global alliance.
Q2 from Telegram user @sumione
Any plan that Bosagara will migrate its
chain and can be tradable for eg in
pancake swap and dexes?
Sook / BD at BOSAGORA: We
will migrate from ERC-20 to our own mainnet when it is released in June 1st. We
are also considering the possbility of making BOA more accessible using
cooperating with other chains such as BSC (Binance Smart Chain).
Q3 from Telegram user @topind7
What are your key features that you are
very proud of and feel very confident about that makes you ahead over any
project out there?
Sook / BD at BOSAGORA: I
personally like the Commons Budget the most about BOSAGORA. The Commons Budget
is a fund to expand the BOSAGORA ecosystem and is automatically accumulated
through two channels in the system. The first is direct issuance of 50 BOA
every 5 seconds for roughly 6 years, and the second is accumulation of 30% of
transaction fees. The Commons Budget is a significant amount of funds,
accounting for about 54% of the total BOA issuance. It is used to to support
and fund Dapp projects on BOSAGORA Coinnet, non-blockchain businesses, and
donations for NPOs (Non-Profit Organizations). It serves the purpose as a funding
that would normally be given out by Venture Capitals, but the only difference
is that you (or the Congress Members) decide which projects and ideas to fund.
Q4 from Telegram user @cryptoflower13
What do I
need to run a BOSAROGA node, how much do you guys reward for it?
Sook / BD at BOSAGORA: As
a node runner, you need to first stake 40,000 BOAs. In return, you can earn
significant percentage of rewards per year, 37.84%. This is comparatively high
relative to other mainnets such as COSMOS(Atom) 9.2% and TEZOS(XTZ) 5.4% per
year.
Q5 from Telegram user @Htaraca
Crypto projects generally prefer POW-based
protocol. Despite this, why did BOSAGORA choose POS? Have you seen a benefit we
do not know?
Sook / BD at BOSAGORA: Bitcoin
that only uses a proof-of-work(PoW) is affected by issues arising from the
non-separation of economic and political incentives. By acquiring more mining
hardware, a user can attain more control of the blockchain(political), while
also increasing their mining profits. BOSAGORA overcomes this issue by using a
consensus mechanism (mFBA) that separates economic incentives from political
ones. Attaining either political power or economic profits requires an
investment in the system. A user can either acquire more votes by increasing
the number of nodes(one operational node equals one congressional vote) or a
user can earn confirmation rewards(rewards relative to the amount of coins
locked away in a node) to maximize mining income.
Decentralized systems lack a systematic
decision-making process. There have been several cases in which this has led to
confusion and substantial financial losses.
BOSAGORA constitutes a governance system whereby node
operators referred to as the Congress Network can participate in creating and
voting on proposals in order to continuously improve the software and
ecosystem.
Q6 from Telegram user @jangrihwa
Since I saw BOA listing on kucoin, the BOA
token price continues to improve then which other exchange does BOA want to
reach, for example Binance or DEX like a pancake swap?
Sook / BD at BOSAGORA: #whenBinance.
Moon is near. Binance is not our end-goal and listing should never be an
end-goal for any project. But if that is the way to make BOA more accessible,
liquid, and valuable we will try all means to. Hope you can celebrate with us
on the day we get listed.
Q7 from Telegram user @MDL_mugiwara
How to Register for T-Fi Lending Services?
Sook / BD at BOSAGORA: We
always notify our community members through our announcement channels. It is
the most prompt and up-to-date channel in which we share our updates. Please
feel welcomed to join any of the following channels below: Official Telegram: https://t.me/bpf_eng/
In what ways is Bosagora impacting the
blockchain space with it solution? @sookspecial
Sook / BD at BOSAGORA: Our
vision says everything: make a better world. You would probably have never seen
a crypto-project with that slogan and vision 🙂 We want to make a better world.
We will realize and provide more secure and convenient financial services as we
have released T-Fi, a better alternative to De-Fi. We will contribute to making
a better world by developing and practicing the UN’s Sustainable Development
Goals (SDGs). We hope you will join us from today towards the same vision of
making a better world.
Q9 from Telegram user @Rosane1a8
Why is the algorithm of Bosagora on the
Stellar’s Consensus protocol? What are the features of Stellar that are part of
the project ecosystem and help it achieve its goals as platform?
Sook / BD at BOSAGORA: BOSAGORA
adopted the modified Federal Byzantine Agreement(mFBA), which combines the
characteristics of proof-of-stake(PoS) with FBA, as the consensus algorithm.
In FBA, nodes form a group without having to verify
the data in all nodes, and consensus is reached by checking only result of the
quorum vote in each group. This enables fast transactions with high energy
efficiency as there is no need to wait for all nodes to reach unanimous
agreement like Bitcoin. In addition, in FBA, the number of votes given to each
node is not proportionate to the amount of coins frozen. Each note equally
receives 1 vote.
BOSAGORA applies the feature of proof-of-stake(PoS) to
FBA so that the node freezes at least 40,000 BOAs to become validators, and
provides newly issued BOA as confirmation reward relative to the amount of
frozen coins to suppress liquidity.
Such a system prevents the problem of centralization
in which political and economic gains are simultaneously concentrated by a few.
One needs to either increase the number of nodes to obtain a large number of
votes(political gain), or freeze many coins in one node to gain a significant
amount of confirmation rewards(economic gain).
Q10 from Telegram user @tuvalunia
Is T-Fi an alternative to DeFi? If so, do
you think it will cover the positioning of DeFi?
Sook / BD at BOSAGORA: We
don’t think that we can “replace” De-Fi considering all the hype it
has created. However, we are the first to propose an alternative to
trouble-ridden De-Fi. DeFi is still in its nascent stages and they are often
times listed and invested without thorough and careful evaluation.
It is vulnerable to hackers’ attack and even exploited
by core members. For instance, in the most latest incident, the attacker of
Yearn.Finance gained $2.7 million in profits by exploiting Yearn’s version 1
DAI yield vault costing the vault $11 million in DAI.
SushiSwap, well-known DeFi protocol unveiled a
significant drama in last September. Sushi’s leader,Chef Nomi, ran off with
some of the project’s development fund. T-Fi is BOSAGORA’s alternative that
takes into consideration the downsides and vulnerabilities inherent in DeFi
realizing the values of universalism, fairness, and publicness.
Part 3 – Quiz Results
As usual, for the third part, Satoshi
Club Team asked the chat 4 questions about the crypto project. A link to a Quiz
form was sent into the chat.
For
more information and future AMAs, join our Social Media channels:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Omni Team will select 10 questions and answer them.
Part 3: 800$ – A quiz about Omni
For more details:
Omni – @omni_app
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Stone Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Stone
For more details:
Stone – @stonefortress
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Trias Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Trias
For more details:
Trias – @triaslab
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
