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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Boson Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Boson
For more details:
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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 Ispolink and our guest was Emanuil – @Epavlov10, the CEO of Ispolink, and Nick (Nikolay) – @niksan4u, the CTO of Ispolink. The AMA took place on the 04th of March.
The AMA session was divided into 3 parts with a total crypto reward pool of 800$
In this AMA Recap, we will try to summarise the most interesting points for you.
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 Ispolink.
Andrés M. | Satoshi Club: Today our guests are @niksan4u and @Epavlov10 😃 How is going your week? we are happy to have you here 😁
Emanuil: We had quite a busy week, but at the same time very fruitful because of the partnerships Ispolink sealed.
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 & Ispolink?
Nick: Thanks for asking! My name is Nikolay, CTO of Ispolink, I was involved in the crypto space since 2017 and have been passionate about it ever since.
Emanuil: Sure thing. My name is Emanuil and I’m the CEO of Ispolink, the blockchain space has always been my passion. All of the core members share the same enthusiasm for the crypto space that’s why we’ve decided to build a comprehensive blockchain platform that connects seasoned blockchain devs with industry-leading companies.
Andrés M. | Satoshi Club: Interesting, so Ispolink is focused on industry-leading companies, or has its different use cases?
Nick: Yes, the project has been designed to connect all crypto enthusiasts and developers. We’re targeting mostly developers. We’ll launch the product soon and believe that we will bring value to the crypto ecosystem.
Gold Rocket | Satoshi Club: I would like to ask, how did you come up with this idea to combine headhunting and blockchain? 😉 In fact, crypto is a young industry and the staffing problem is indeed present in many companies.
Nick: Being a developer myself, I understand the difficulties in the recruitments processes. We have noticed that there’s a gap between supply and demand for highly skilled blockchain devs. That’s why we’re building a product that will onboard the best crypto companies in the industry.
Andrés M. | Satoshi Club: I agree, even many non-crypto companies are beginning to adopt the blockchain system in their companies for the transparent management of information.
Emanuil: Absolutely, couldn’t agree more.
Gold Rocket | Satoshi Club: Thanks for the informative intro! Ready for community questions?😉
Emanuil: Bring them on ☺️
Andrés M. | Satoshi Club: Q1 from Telegram User @KevSalom One of the first sentences on your website is “Complete your resume and find the job of your dreams in the blink of an eye”… Something hard to believe for those of us who already have several disappointments of searching and searching for jobs in those typical job offer websites that seem more like advertising than anything else, and when you finally manage to contact a company it turns out to be at a really ridiculous salary. So tell us, how do you plan to make real this to get a job quickly? How Ispolink through Artificial Intelligence and Blockchain intends to create a platform that really works to find a job?
Nick: Great question! We’re making life easier for both candidates and companies. So we have very easy onboarding for candidates – all they have to do is upload their resume and our NLP algorithms will do the rest! At the same time, they can earn tokens by getting verified, referring friends and staking.
When it comes to companies, we empower them to streamline their processes and by leveraging AI, they would be able to find suitable candidates around the globe with just a few clicks.
Gold Rocket | Satoshi Club: Show us this interface! How does it work?
Andrés M. | Satoshi Club: That’s true, the companies spent a lot of time in the candidate selection process. Any user can join?
Nick: For the beta testing, we have a limited number of spots. 100 to be more precise.
Gold Rocket | Satoshi Club: I hope there will be preferences for Satoshi Clubbers 😉
Emanuil: Satoshi members are on top of our list 😉
Andrés M. | Satoshi Club: Great, is there an approximate date for the beta?
Emanuil: Well, we intend to launch after our IDO takes place. In a month or so 🙂
Andrés M. | Satoshi Club: @niksan4u @Epavlov10 One of the problems when looking for a job for recent graduates is the lack of experience, is there an option for them on your platform?
Emanuil: Definitely, in order to assist graduates to stand out, we dedicated a special section on which top talents from various IT Academies could be discovered!
Andrés M. | Satoshi Club: Actually, our next question is about that topic.
Q2 from Telegram User @yellowchamp If people will get hired through Ispolink but want to boost their capability and skills, do you have any free online training, seminars, or class for them? If yes, how can they avail it? For those applicants that didn’t have much job experience, are they also capable to apply through Ispolink? Is there any third party involved in applying job with Ispolink? Thank you.
Emanuil: Thank you that’s a great question. Besides bringing applicants together with best to fit companies, we are aiding them to increase their qualifications by integrating courses from Udemy and Coursera within the Ispolink platform.
Gold Rocket | Satoshi Club: Are these paid services?
Emanuil: They are free of charge.
Andrés M. | Satoshi Club: I know those platforms, they offer a lot of courses from the best universities in the world, great alliance for Ispolink.
Gold Rocket | Satoshi Club: Thank you for answering the question from the candidate. What features have you prepared for employers? 😁
Emanuil: We’ve prepared plenty of features for them: automated screening, sourcing with AI, candidate’s match rate, hiring dashboard and decentralized crypto ecosystem to pay for hiring packages.
Andrés M. | Satoshi Club: I think this question is covered, would you like to add something before the next question?
Emanuil: Let’s move on to the next one.
Andrés M. | Satoshi Club: Q3 from Telegram User @Gutike95 Is Ispolink fully decentralized? Or will each user need to complete various levels of KYC so that their information can be trusted and be able to provide them with the job of their dreams?
Nick: Our crypto ecosystem is completely decentralized and powered by Polygon’s L2 scaling solution. Essentially, all users are in full control of their funds and they can interact with Metamask integration similar to Uniswap. Another major benefit is that we are verifying the authenticity of degrees on the blockchain.
Gold Rocket | Satoshi Club: Yes! this is a very urgent question! Many crypto employees choose to remain anonymous. and you solve this problem so elegantly with Blockchain 👏
Emanuil: Thank you, doing our best 😜
Andrés M. | Satoshi Club,: Only Metamask? what about Trust Wallet?
Nick: Yeah, there will be an option to connect with TrustWallet as well. In the beginning, we intend to launch with Metamask.
Andrés M. | Satoshi Club: Very useful, I think they are the most used wallets.
Gold Rocket | Satoshi Club: Thanks for the answer! ready for the next question?
Nick: Sure 😀
Andrés M. | Satoshi Club: Q4 from Telegram Username @Z0ryan Ispolink had a bounty campaign and airdrop. Don’t you afraid that this distribution will affect token price after exchange listing? Also, can you tell us please how many ISP tokens totally will be distributed to bounty and airdrop participants in total? I can’t find this info in your tokenomics. Btw, could you share your tokenomics with us? to fully understand the explanation to the question.
Emanuil: Alright, we did hold an airdrop and bounty campaigns last year, the allocations for both is equal to 1.5% of the total supply. The ISP tokens will be distributed in 2 batches after exchange listing in order to avoid any negative impact on the token price. Details about the token economy can be found here: https://ispolink.com/#section_tokenomics
Andrés M. | Satoshi Club: Thank you, I’m seeing there about the public sale, when it will take place?
Emanuil: We are targeting to conduct the public sale by the end of the month, for those who’re interested we still have our seed round open with great discounts to offer. Actually, the best way to get all the details is to drop by our telegram channel and request info or shoot us a message at contact@ispolink.com
Andrés M. | Satoshi Club: Thank you my friend, are you ready for the next question?
Emanuil: 👌
Andrés M. | Satoshi Club: Q5 from Telegram User @NataliyaKil One of the key features of the Ispolink project is a confirmed education (the authenticity of diplomas is verified thanks to the blockchain). How does the whole verification process work, could you tell us? It seems to me that it is impossible to check any degree of education or am I wrong?
Nick: Yes, here’s how the verification works: We’re sharing an API with MIT for example and we request information on whether the candidate has their degree there. Depending on the result, we record this data on the blockchain.
Andrés M. | Satoshi Club: I agree with the question, one of the main problems in the hiring process is that people lie in their CV, for example many say they speak languages that they do not speak or have excel skills that they do not have. How can you verify that people have the skills they mention? Or are only certified skills are supported?
Nick: We’re verifying their professional qualifications and experience. Whereas, it’s up to the companies to evaluate their soft/hard skills during the interview process.
Gold Rocket | Satoshi Club: Ready for the next question?😉
Nick: Sure, go ahead 🙂
Andrés M. | Satoshi Club: Q6 from Telegram User @JesusFre1tes LinkedIn is a widely used platform, especially in first world countries, where users can post their resumes so that in case a company needs their services they can be hired. My question is, what differentiates LinkedIn from Ispolink? Decentralization generally provides greater security to any protocols, but besides this, why should users prefer to post their job search on Ispolink? Are there incentives for this?
Nick: LinkedIn is in general a platform for establishing professional connections. Although they have options for publishing jobs and finding employees, their product is quite different. Unlike LinkedIn, Ispolink is a full-cycle ATS platform powered by blockchain and AI, to facilitate and efficiently manage all stages of the hiring process, including interviews on the platform.
Andrés M. | Satoshi Club: Btw, what is coming for Ispolink this 2021, I mean, What is coming in your roadmap for this year?
Nick: We have a lot of things planned on our pipeline:
Q1 Public sale and closed beta
Q2 Platform launch
Q3 Onboarding 50+ blockchain companies
Q4 In-platform staking.
Andrés M. | Satoshi Club: Satoshi Club wishes you great success in your plans 😁 @niksan4u and @Epavlov10 It has been an amazing time talking with you in this part of the AMA. For the 2nd part, we will open the chat and our community will post live questions.
Gold Rocket | Satoshi Club: Ready for a storm of questions?
Emanuil: Looking forward to them!
Part 2 — live questions from the Telegram community
Q1 from Telegram user @ Rosemary Bianco
You say that on your website you can “Pay for all contracting services with native cryptocurrency”. Does it mean that you can only pay with the Ispolink Token (ISP)? Where can I buy this token? And are you not planning to add more payment methods with varieties of cryptocurrencies and currencies to make it easier for large companies?
Emanuil: The Ispolink tokens play a crucial role in our ecosystem. We’ve designed multiple token utilities like receiving tokens for new verified users, referral-based system, purchase of hiring packages with ISP at 10% discount, social mining and token staking within the platform. The main purpose is to attract the best devs globally and ensure high user retention and engagement. At the same time, the more users we onboard, the high would be the demand and value of the ISP token.
Q2 from Telegram user @ Magdalena
How big is the Ispolink team? I could not see any road map on your website where I can get information and see the whole of Ispolink’s trajectory?
Hello!@niksan4u @Epavlov10 ✅I am worried about exchange listings of ISP tokens, when will see the listings soon and what plans do you have?
Emanuil: At the time being, we’re arranging an IDO on a reputable platform. Once the token sale concludes, we aim to get ISP listed on the largest crypto exchanges.
Q4 from Telegram user @ Apocan
Will Ispolink serve globally? If yes, how will you manage a multilingual and more importantly multicultural platform?
Emanuil: By design, Ispolink is a global platform that connects effortlessly skilled devs with prominent crypto firms. It’s our belief that good talent is spread equally around the and we want to give an opportunity for everyone to excel in their career.
Q5 from Telegram user @ Borax
Could you explain why did you choose the name of Ispolink for a hiring platform?
Nick: Yes, Ispolink essentially comes from Bulgarian mythology. Ispolin means giant. The link at the end indicates that we connect big talents with companies seamlessly. This perfectly describes our mission and vision to connect blockchain and IT engineers to the best companies out there.
Q6 from Telegram user @ Tuvalunia
Do you charge the companies and/or job seekers for Ispolink services, how much, in what way?
Emanuil: We are adopting the B2B subscription model with monthly and annual packages for companies that they can choose based on their needs. When it comes to job seekers, the platform is completely free, what’s even better is that users can actually earn tokens by referring friends, locking their tokens and performing various social tasks.
Q7 from Telegram user @ 💳 Pro Trader
Does plans for any new partnerships in the future and if yes can you list some of them?
Emanuil: Most recently we secured 2 partnerships with Titans Ventures and Saigon Tradecoin. Moreover, we got a lot of stuff going on behind the scenes. I welcome you to join our channels and be up to date with all the announcements!
Q8 from Telegram user @ ❣️❣️ An Angel ❣️❣️
We all-seeing projects choose ERC-20 normally. And projects starting currently on Binance Smart Chain. But you are using Polygon and how will you get liquidity with using it?
Emanuil: The main purpose of implementing Polygon’s layer 2 is to drive down the extremely high gas fees, ensure faster and more decentralized payments. I’d like to mention that we’re about to make the ISP platform interoperable and compatible with other blockchains like Binance Smart Chain.
Q9 from Telegram user @ Johnny ℹ️🅿️
🙋♂️Hello. The success of AI innovations depends on the initial set up and robust programming algorithm. How will the model you are using accurately extract information from CVs, match them against a pool of other job seekers, identify which of them are better qualified and suggests them to employers? Are there any chances that a candidate that emerges from this automated screening process may not be the best qualified?
Nick: Yes, training a robust AI algorithm to extract and analyze information from resumes is not an easy task. Initially, the AI algorithms will be trained on a limited number of users. As we onboard more users and have more people on the platform, our algorithms will get more accurate. Also, we have implemented a matching algorithm that will precisely rate the compatibility of the candidate to the given job posting – from 0-100%. The AI algorithm will pick potential candidates from a large pool of candidates. The matching algorithm will return the exact percentage – for example 75%, based on soft skills, hard skills, education and experience.
Q10 from Telegram user @ Robocop
Ispolink is an unique and great project which can help both company and job seeker for looking a job, so how can I do investment in Ispolink? Do you have any staking system and where can I buy an ISP token?
Emanuil: Thank you for the kind words. All of you that wish to buy the ISP tokens at an amazing rate before the public sale, reach out to us in telegram. Also, users would be able to earn more ISP by staking them.
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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Wealth Locks Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Wealth Locks
For more details:
Wealth Locks – @wealthlocks
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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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. BSCToolz Team will select 10 questions and answer them.
Part 3: 800$ – A quiz about BSCToolz
For more details:
BSCToolz – @BSCToolzCommunity
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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. PolkaFoundry Team will select 10 questions and answer them.
Part 3: 600$ – A quiz about PolkaFoundry
For more details:
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Russian – @satoshi_club_ru
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Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from Wynaut. The AMA took place on March 3rd, 2021 and our guests were @JensAnderson, @pw0_0.
The total reward pool was 4000$ in LP tokens 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, dear Satoshi
Clubbers!We are pleased to
announce our AMA with Wynaut😁Today our guests are @JensAnderson @pw0_0!😊
Andrés
M. | Satoshi Club: Good day and welcome to a new
AMA session
P W:
Hey Satoshi Club, we’re thankful to be having this
AMA with you all!
Jens
Anderson: Hello everyone! Really excited about this
😊😊
Gold
Rocket | Satoshi Club: Welcome to Satoshi Club,
@JensAnderson @pw0_0😃We are delighted to have you today! 👍To begin with, please tell us a few words about yourselves and how
did you get to be involved in crypto & Wynaut?Take your time ☺️ please
Jens
Anderson: Well my story is a funny one! Gimme a few
minutes to type it all out 😂
Andrés
M. | Satoshi Club: Haha please take your time 😃💪
Jens
Anderson: I just got my toes wet in the BSC
ecosystem and have been studying a bunch of projects and investing in cool
stuff like Auto and ACryptos. I was chatting with people in those communities
and suddenly a guy was yelling “ARE THERE ANY DEVS AROUND?” and he
kept writing about how he has a freelance project up for grabs.
I message this guy and tell him I’m a
seasoned dev and interested in doing some work on the BSC chain. He sends me a
link to Wynaut’s homepage and asks me if I can copy EVERYTHING!
Logo, smart contracts, any whitepaper they
might have had and whatever. Wynaut was like 3 days old at this point in time
and was valued at way under 1c.
I became curious why anyone would be so
eager to copy them. I jumped into Wynaut’s telegram and THE FUNNIEST SHIT was
posted by the funniest people 🙂
Crazy memes, fun jokes and a very cozy
environment. There were a few hundred strangers there that were just having a
great time.
So I fell in love with it, jokingly bought
a few coins, then more, and more, and suddenly I was very very deep. The rest
is history as they say😊❤️
Gold
Rocket | Satoshi Club: it is very exciting😁👍
Andrés
M. | Satoshi Club: What year was that?
Jens
Anderson: Like 2-3 weeks ago? 😁
Andrés
M. | Satoshi Club: Oh haha, congratulations for
become part of Wynaut team 💪
Jens
Anderson: Thanks, it’s been a community-based team
from the get go 😊
P W:
I wish my story was as interesting as Jens!
Gold
Rocket | Satoshi Club: We are in a hurry to find
out your story ❤️
P W:
I’m a crypto investor with digital marketing and
advertising experience in the fiat world. I originally came onboard to help
Wynaut out with social, invested some of my crypto wins and got increasingly
involved with the team.
I’m from a family of crypto investors – my
brother runs a crypto exchange in the UK and I myself have held various tokens
and altcoins since 2015.
I can tell you that the Wynaut community is
like no other, and we’re all excited to use our skills to make this project as
exciting and rewarding as possible for everyone involved!
Gold
Rocket | Satoshi Club: You are very funny guys! And
we really like it 😁👍
Jens
Anderson: Well we call ourselves the Doge of
Binance 😂😊
P W:
Haha! Now this whole club knows
Andrés
M. | Satoshi Club: Our best wishes for you in this
stage, Satoshi Club community is excited to know more details about Wynaut
project. We have collected
some questions for the first part of the AMA, are your ready?
Jens
Anderson: yeah, can’t wait
P W:
Looking forward to it Andres!
Q1 from Telegram User @meml97
Team Rocket is known for being the main
villains a lot of times in the Pokémon universe, with this in mind, why did you
decide to make “The Team Rocket Finance” and what goals do you have set for it?
Aren’t you worried of being associated with bad things? For what kind of
“troubles” do we have to be prepare and will you make them double?
Andrés
M. | Satoshi Club: The best villians of the anime 😅
Jens
Anderson: oooh that’s a good one 🙂PW got ya covered on that one
P W:
Oh wow, great question! Well to start off with,
Wynaut evolves into Wobbuffet – the replacement to Meowth, the famous gen 1 Team
Rocket Pokemon.
When we first made Wynaut, the branding was
solely focused on that. However, when we wanted to create a really interesting
yield farming proposition, Meowth felt like a great choice.
Wynaut (Wobbuffet) and Meowth both being
Team Rocket Pokemon, we all thought ‘well what if we call ourselves Team Rocket
Finance. why not / wynaut?’
Team Rocket in the anime are lovable villains,
we’re more focused on the fun side of them than the villainy of course!
Jens
Anderson:
Gold
Rocket | Satoshi Club: You have to do this too😁
Jens
Anderson:
Gold
Rocket | Satoshi Club: I love this cat 😁
P W:
Just like Team Rocket, we plan to grow – for us
that means we’ll be adding new features, new utilities, new use cases along the
way
No escaping this one Jens 😉
Jens
Anderson: I’m answering with pics 😀They say a thousand words
Andrés
M. | Satoshi Club: Haha of course, but there will
be different phases coming? for example Katnia
P W:
Definitely – we’re launching our Gen2 tokens soon,
you could call it the next phase of Team Rocket Finance
Gold
Rocket | Satoshi Club:Thanks
for your answers 😸I am very impressed that you make serious things funny. 😁👍
Andrés
M. | Satoshi Club: Ohh I am really excited to know
the coming names and details 💪
That’s the better way to create a great project I think. Well thank you so much for this answers, let’s proceed with the next
question
Gold
Rocket | Satoshi Club: Thanks guys! 😁 Ready for the next
question?
P W:
Let’s do it!
Jens
Anderson: Hit me!
Gold
Rocket | Satoshi Club: to the very heart ❤️😁
Jens
Anderson: (with the question, please don’t slap me)
Q2 from Telegram User @Brainchest
Reading the articles on Medium, I see
that you are very funny guys. In addition, you are good developers. Tell us if
there are any plans to make a game with the presence of the NFT. After all,
this is now a mega-HYIP. By making a game with your inherent humor, you will
win over a lot of users.
P W:NFTs are definitely one of the hot topics
for the team at the moment! We’ve been working with a load of talented artists
to produce graphics, images, drawings etc. that we’ll use for NFT.
This will inherently gamify our ecosystem
by adding something collectible to it, but over time we would absolutely love
to add more game-like features.
We can’t promise a full game with the
launch of Gen2, but we can promise that we’re all excited to bring NFT features
to the community
Jens
Anderson: Yeah most of the funny stuff on those
articles come from our very own rapper! (Y Not)
P W:One of the team has been in talks with a
game developer but it’s still incredibly early days! Expect collectibles first
and we’ll build on that. Y Not
is an incredible hypeman / writer / rapper / philosopher that brings all of his
creative skills to our team!
Gold
Rocket | Satoshi Club: yes yes … I saw too
Andrés
M. | Satoshi Club: it seems that having a good
sense of humor is one of the requirements to be part of the team
P W:
It definitely helps! 😆
Andrés
M. | Satoshi Club: Maybe I should pass my CV 😁
We are currently pushing a lot of ideas
regarding NFT collectibles and are working with very talented artists to
generate proper art on the blockchain. These might end up in games in the
future 😊I look forward to speak more about this when the Gen-2 platform is
live and we’ve refined the ideas some more 🔥
Andrés
M. | Satoshi Club: Could you share some of them? or
they have not designs yet?
Jens
Anderson: Yeah
This one’s very very cute and is directly
linked to our Gen 2 tokens
Gold
Rocket | Satoshi Club: I really love it 😁😉❤️
P W:
‘thefuture.png’
Jens
Anderson:Meet Baby Meownaut
Andrés
M. | Satoshi Club: Great desgin
Gold
Rocket | Satoshi Club: baby cute😍
Jens
Anderson: Yeah all of us “hard guys” in
the team had soft knees when we saw it haha 😊
P W:We’ve got loads coming up but baby Meownaut
is directly linked to our upcoming launch. You can see him hanging about on our
website wynautdefi.app as a teaser for the community. They weren’t meant to
know that 😁
Andrés
M. | Satoshi Club: How can we earn those lottery
winnings?
P W:
Great question! We launched the Meowth lottery yesterday,
which currently runs twice a day.
To enter, you can buy a ticket for 1000
Meowth, and winning numbers are drawn at 0700 UTC (UK time) and 1500 UTC.
This is a cool example of how the community
influences the development of Team Rocket Finance actually. The lottery came up
as a great way to spend and burn Meowth, and we used community feedback to
quickly decide on the finer details too!
We’ll keep refining this until it’s the
most exciting lottery in all of BSC 😌
Andrés
M. | Satoshi Club: So interesting, I will join, I
hope to have good luck to win 😃
Gold
Rocket | Satoshi Club: give a link where we can
buy, please
Jens
Anderson: Hope you don’t have PW’s luck!
This guy didn’t win a 90% chance of winning
during testing!
P W:
Ugh this is actually a true story 😂😂😂Haha good luck Andres! I
haven’t won yet, I’ll water my money plant later though
Jens
Anderson:Some community members
won big yesterday though 😊🔥
Andrés
M. | Satoshi Club: Haha thank you my friend
Andrés
M. | Satoshi Club:Thank
you for the clarification, are you ready for the next question?
Or do you want to add something else?
Jens
Anderson:Hit me! (with the
next question)
P W:
I’m ready too 🙂
Q3 from Telegram User @MihaiPisica
One of the ongoing issues that have
faced the community since the infamous dev wallet theft is that the original
APY figures were based on your promising launch of a market-leading APY that
was great for everyone, at least until that incident. How did you set this
right? Can you assure further situations like this will not happen? How do you
plan the rebuilding of the project and the community itself? How about reactions
over revealing of your two new tokens, with regards to Wynaut and Meowth? How
they will work?
P W:
Firstly, great question from Mihai – it’s really
important that we let everyone know how the team and the community have been
working together to rebuild the Wynaut / Team Rocket project since that dev
wallet theft.
To start off with, since we built the new
team comprised of the trusted old team members and new people from the
community, we have been able to get the Wynaut dev wallet fully renounced and
the Meowth dev wallet only holds small funds for burns, lotteries and small
marketing costs.
The majority of the liquidity for Wynaut
and Meowth is in the hands of the community – as the Mandalorian would say,
‘this is the way’.
Jens
Anderson: And also there are two sides of this coin
– trust and tokenomics/business logic
P W:
Going forward, we are moving the new tokens onto a
multi-signature wallet – this means that any decisions that involve token
transactions will only be approved if the team democratically agrees.
Gold
Rocket | Satoshi Club:
P W:
Love it!
Gold
Rocket | Satoshi Club: Me too 🙈
Andrés
M. | Satoshi Club: Talking about it, could you
share your tokenomics with us?
P W:
The Gen2 tokens have increased usability – my favourite
features are Claim All which takes all of your farmed rewards and puts them in
your wallet in one transaction (lowering gas fees), and Compound All which does
the same but puts them back into a pool.
So they’ll be safer with the new dev wallet
structure and also more useful for the community. Although BSC’s gas fees are
considerably cheaper than ETH, I think everyone agrees they would rather pay
less gas!
Jens
Anderson: We’ve been working a lot on building
trust internally in the team and also in the community. Internally we’ve doxxed
eachother and aren’t anonymous anymore. We are working on a multisig wallet for
the new platform and will distribute power, so any one person can never go
rougue.
We have a few ideas for how to keep TVL
high to ensure liquidity for the new tokens and making these funds inacessible
to us.
On the tech-side, the old tokenomics were
great. At least the idea of them, but the parameters themselves need tweaking.
Currently Wynaut has a 3,6% fee attached to
its transfer. 1.8% is burned and 1.8% is distributed to all the holders!
We like this idea and will keep it for the
next gen, but we’ll slightly tweak the numbers for sustainability.
P W:
Wynaut has already been audited, and we plan to do
the same with our Gen2 tokens too.
Andrés
M. | Satoshi Club: Which company has audited
Wynaut?
Jens
Anderson:Another issue with
the current platform are the farms. They really are rather randomly setup. You
can farm meowth for more meowth, so what’s the purpose of it?
The new platform will give each token it’s
specific role to play. Wynaut-2 is your deflationary store of value that should
increase in price over time with the decrease in supply, while meowth-2 is your
inflationary token that will be used as currency on the platform (Lottery,
NFT’s, etc.).
We are playing with the idea that Wynaut
Exclusively can farm meowth, such that the farms make sense and have sensible
APY’s.
Hope that PDF helps for anyone that wants
to do a deep dive!
The audit was done by Vidar – following the
audit where he noted the power of the dev wallet to change the fee structure as
a potential vulnerability, the dev wallet has been fully renounced.
Gold
Rocket | Satoshi Club: great useful feature, to be
honest👏👏👏
Andrés
M. | Satoshi Club: Great work facing the issues👍
P W:
Really appreciate it! It’s vital that we face those
issues head on and solve them properly. Big thanks to Mihai for asking a vital
question
Jens
Anderson: Of course we are also looking to get the
Gen-2 platform fully audited multiple times
P W:
The more
eyes on it, the better. We’re happy for anyone to check out the contracts
Jens
Anderson: Trust, security and sustainability are
the three pillars of Gen-2
Gold
Rocket | Satoshi Club: Gold words👏👏👏Thanks guys for the clarification! Ready for the next question?
P W:
Sure!
Gold
Rocket | Satoshi Club: Shoot @AndresM77🚀
Q4 from Telegram User @garrinepotter
I found information that you hold
meetings with the community and jointly make decisions on the project. I am
sure that the events are fun because your project makes a smile thanks to the
anime characters. But are there really important decisions in such a cartoon
atmosphere? Share with us what major changes have been implemented shared in
the community and who has the right to vote. Can you call yourself a
full-fledged DAO?
Jens
Anderson: “But are there really important
decisions in such a cartoon atmosphere?”
The community is all fun and games, but
there is serious money at play here. While the environment is playful, we fully
acknowledge and take the responsibility we have when it comes to people’s
money.
Any decision we make has impact on people’s
investments. We *always* go through tens or hundreds of game-theoretic scenarios
before we decide upon anything. We sometimes get complaints about why we did
this and that, but most people do not think deeply about all the parameters and
stakeholders at play. Everyone only thinks about their own specific situation,
but we have everyone’s situation in mind. We want to do right to all our
beloved community members, and every single decision is serious to us.
P W:
The graphics are fun, the theme is fun, and of course
we’re basing it off of a beloved cartoon universe. But we want to do right by
everyone with an ecosystem that is built securely by a team that can trust each
other fully, and create something that allows people to invest and enjoy
themselves at the same time.
I guess you can see that there’s two sides
to Team Rocket Finance – the playful creative side, and the serious tokenomics
and trust that underpin it all!
Jens
Anderson: We are not a fully-fledged DAO at all.
The past two weeks have been rather chaotic and we’ve taken the devil by its
horn to revive the community and the tokens. Someone had to take charge and do
what needed to be done. 4000 people deciding at times of chaos wasn’t
plausible. However we’ve stabilized quite a bit since then, and we are slowly
moving towards more and more community-focused decisions.
We hope to be able to stake one of our
tokens in a governance system sometime in the future, however. I personally
look forward to that.😊
Gold
Rocket | Satoshi Club: Thanks for your position. If
you want, you can share your plans for 2021.
P W:
A governance system is definitely something that
has been discussed already in the team. We have to take steps towards being a
DAO of course.
Jens shall we tell them about the pre-sale?
Jens
Anderson: Yeah!
Andrés
M. | Satoshi Club: Yes please, and some details
about your roadmap for this year would be great
Gold
Rocket | Satoshi Club: Everyone can fall, only the
strong can rise! You are strong and funny guys 😸
Jens
Anderson: ❤️
P W:
Just to recap – Wynaut is a deflationary and
reflectionary token that burns 1.8% of all transactions, and reflects 1.8% of
all transactions back to its HODLers. Meowth is our inflationary token created
by frictionless staking within our eco system.
Essentially, we are rolling out the same
features of Wynaut and Meowth into the new tokens – holders will only get the
new benefits (security, usability and more) with the ‘Generation 2’ tokens
because of how the contracts are set up.
So with new features, and the heavily
discounted pre-sale price for Wynaut and Meowth holders that I can tell you
about right now (!!!), we expect that people will naturally move towards
Generation 2 tokens… here we go:
Gold
Rocket | Satoshi Club: We really love the secrets
and hints at Satoshi Club😉
P W:
Pre-sale info is as follows:
We have to finalise the calculations for
the exchange, but currently they stand at:
1 Wynaut = 1 new token
1.8 Meowth = 1 new token
This is the early pre-sale price for our
community.
We will also have an option for people who
do not hold Wynaut and Meowth:
1 CAKE = 37 new tokens.
This places Wynaut and Meowth at an
incredible discount, compared to buying via CAKE. We will then launch an
improved lottery, and some of the NFT features we discussed that people will be
able to join in with using Gen2 tokens.
Our roadmap includes:
– a massively improved user experience for
trading and staking in our ecosystem
– Gen2 improvements with multi-signature
wallets and optimised contracts for lower gas fees
– the development of NFTs
Naturally, as the community continues to
stabilise and grow, we will be looking to the community to suggest and vote on
new features
Andrés
M. | Satoshi Club: What are the main benefits for
holders?
Jens
Anderson: The plan is to build a whole eco-system
surrounding cool NFT’s, gamification and collectibles. “Wynaut-2”
will be the deflationary SoV of this platform and will be used to farm the
currency (Meowth-2) of the ecosystem. With time the supply of wynaut-2 will
fall by *a lot* and if the ecosystem becomes the success we are working
towards, the demand will rise extremely too. So you’d be holding a token that
has high demand, low supply, all the while you’ve been farming a bunch of
currency and gotten the reflection fees. The longer you hold, the more your
stack grows basically.
Let me iterate how powerful an idea it is:
Your stack grows, but the supply falls.🔥
Andrés
M. | Satoshi Club: Wow, you have an strong project,
I should recognize you for that 😃
P W:
We really appreciate that Andres!
Gold
Rocket | Satoshi Club: thanks for the answer! ready
for the next one?❤️🚀
Jens
Anderson: HIT ME
P W:
Let’s do it!
Q5 from Telegram User @ovkneze_big
I know that Wynaut is a frictionless
token with a burn mechanism — every transaction burns 3.6%. That means 1.8%
gets subtracted (burned) from the total supply, and the other 1.8% is
distributed evenly among all hodlers and sent directly to your wallet. Tell me
if this burns already work, how many tokens already were burned or when do you
plan to start this. Also, i want to ask if this mechanism is working with those
who is farming their Wynaut in your pools?
Jens
Anderson: Wynaut had an initial supply of 36M
tokens but currently stands at around 23.7M and keeps falling. It’s been alive
for 3 weeks only. Imagine 3 years.😊
Obviously with the turnover to new tokens
we are hitting the reset button. But this is everyone’s chance to get in from
the very beginning!
Andrés
M. | Satoshi Club: I imagine a big pump🥳
Jens
Anderson: Oh you had another question in there
Gold
Rocket | Satoshi Club: Good chance!
Andrés
M. | Satoshi Club: Btw, for join the pre-sale is
there a whitelist?
Jens
Anderson: Open for everyone!
And any cake we receive, we plan to support
TVL with then burn our access to it 🔥🔥
“Also, i want to ask if this mechanism
is working with those who is farming their Wynaut in your pools?”
Yeah. The reflection is passed on to the
pool, of which you have a %-stake of, so when you withdraw, your extra tokens
will be in that calculation too.
Gold
Rocket | Satoshi Club: yes explain with farming
P W:
Open for everyone, but the best rates are for
Wynaut and Meowth holders of course!
Jens
Anderson: It will ensure a base amount of liquidity
that no one is removing. Giving the new tokens a good start in life.
Gold
Rocket | Satoshi Club: Everything is clear to me😁
Thanks! Are you ready to proceed to the
next question?
Jens
Anderson: Yes, hit me 😁
P W:
Ready for it!
Andrés
M. | Satoshi Club: Go🥳
Q6 from Telegram User @Pratze
After join in your telegram, I saw your
community chat about lotto ticket and lottery system. So what are the
connection this lottery with Wynauth project? Is this kind of airdrop or new
presale system, and how does your lottery system work? And also what are the
prize for the winner?
P W:
The lottery system spends and burns Meowth – it’s a
fun way to manage the inflation of a naturally inflationary token. Later on
down the line, we’re looking at adding NFTs into the lottery. How cool would it
be to enter the lottery, and even if you don’t win Meowth, you get an exclusive
NFT?
The winning numbers for the next Meowth
Lottery will be drawn in 11.5 hours – currently the jackpot is over 200k
Meowth! Feel free to get your ticket and I wish you the best of luck @Pratze
Jens
Anderson: I want to invite anyone who’s wondering
about it to head over to the lottery page and click around. There a bits of
information that should make it straight forward 🙂
Andrés
M. | Satoshi Club: Satoshiclubbers, let’s join,
that price should remain here 😁 Haha we would love it
if Satoshi Club got involved with Wynaut and Meowth, and benefitted from the
pre-sale prices! Then I think you are ready to interact with our community😁
P W:
Let’s do it 😝
Jens Anderson:
Andrés
M. | Satoshi Club: The part 2 is coming, the rain
of questions
Jens
Anderson: Let’s play boys and girls!
Part 2 — live questions from the Telegram community
Q1 from Telegram User@Mamberr0y
Your X10 extreme speed initiative for farms and pools in Wynautdefi was
a complete success ,I understand this is not the first extreme speed ,I know it
just finished but when will be the next one ? Or what other initiative do you
plan to implement in the future? I think extreme speed differentiates them by
far from other farms or pools.
Jens Anderson: There will definetly be more Extreme farms
coming 🔥🔥 However
they won’t be full-week events, it was a bit overkill. We learned a lot from
this one. We will periodically turn it up 10x a few hours and make it
worthwhile for those, who are keeping up with latest news 👍
Q2 from Telegram User@stargateeatlantis
I want to join but what are the basic requirements for me required to
join and start using Wynaut?
P W: Great question actually – you need a wallet compatible with BSC
(Binance Smart Chain) transactions. I personally use Metamask, but some of our
community use Trust Wallet and Binance Chain Wallet.Once you have that set up,
just go to https://wynautdefi.app, and the Trade buttons in the menu will allow
you to buy Wynaut and Meowth through the awesome team at PancakeSwap!
Q3 from Telegram User@Beterror203
Hello @pw0_0 You say on your channel that you exchange $ WYNAUT and $
MEOWTH, farm and pool, and buy lottery tickets, you have a lottery but if I am
a small investor I will also have a chance since whales can have an advantage
over this or is there a limit per person?
Jens Anderson: Everyone’s chance is weighted by risk by
nature. Imagine you putting in $10 and having a chance of winning $10k. Now
imagine someone putting in $1k and winning nothing. The more you risk, the
higher your chance to win, *but you are risking more*. So it’s fair for
everyone.
Q4 from Telegram UserDa Funk
The rap songs are straight bangers. Is Y Not doing everything, writing, producing, rapping etc?
P W: Y Not is a creative machine. We’re very lucky that he can write, rap,
produce and promote his songs for us. I’ll link to his latest track now!
https://www.youtube.com/watch?v=bH-biV-40jY
Q5 from Telegram User@Ebelto
They recently changed the domain from Teamrocket app to Wynautdefi. app how hard was it to make this change? And what security measures did you implement to ensure the well being of your users and your platform? @pw0_0 @JensAnderson
@pw0_0 @JensAnderson
Jens Anderson: This is a very good question actually.When
the new team formed (fully community-based) we had no control over the
platform. We didn’t have any of the logins for twitter, medium, github, domains
etc. The first two days was focused on gaining control back. Little by little
we got the code, the smart contracts, passwords etc. But we weren’t able to get
the domain, so we had to move over. Currently we are 100% in control of
everything and there is no outside-risk to it. Even the wynaut smart contract
has no owner now, since the original dev renounced ownership.
Q6 from Telegram User@spongeboblu
Are there any other social media platforms or other online places that
you are promoting and advertising Wynaut to grow communities other than
telegram? Or is it just telegram for now?
P W: We use a few actually! I’ll drop some links here:
Website: https://wynautdefi.app
Telegram: https://t.me/whynotrebuild
Twitter: https://twitter.com/WynautCommunity
Medium: https://medium.com/@WynautCommunity
Q7 from Telegram User@moonhold
The key part here is the time, what’s the longest time I can lock my
tokens with Wynaut defi?
P W: We actually offer frictionless, flexible staking so there isn’t a set
time. Of course we would love for you to HODL your Wynaut and Meowth, but the
main rewards are from 1.8% reflect in Wynaut and the Meowth rewards from
farming and pooling. There’s a great mechanic between the two tokens that we
think is really interesting and lucrative, and it gives holders the flexibility
to move around as they see fit.
Q8 from Telegram User@rioliandaro
Wynaut = Pokemon.
Are you a big fan of pokemon ??
P W: Funny story: as a 10-year-old, I built my very first website about
Pokemon (Red and Blue at the time). Feels like we were destined to meet again
with Wynaut and Meowth!
Q9 from Telegram User@kosku21
How do you work to expand the community and become more known? What are
you planning in the project with the other DeFi ecosystems? Do you plan to have
technological alliances or be one more competition?
Jens Anderson: Great question. Obviously we are doing cool
AMA’s like this one! They help a lot. We’ve recently gained a new team member
who has absolutely awesome graphical skills. He also has a grand vision
for marketing and branding. We are planning, under his advisory, a complete
makeover of the websites which includes synchronized branding across all our
social media accounts. The NFT’s will also spread like wildfire we believe,
since we have very good idea’s about how to create a collector’s environment
with them. You know the feeling people had when they bought a pack of pokemon
cards and a legendary was in there? We will bring this to the blockchain.
Q10 from Telegram User @joy19x
Southeast Asia is a very vibrant market and many project developed here
so with Your project what do you think about Southeast Asia and do you have any
plan to develop here?
P W: We would love to build a larger community in Southeast Asia – I myself
am half Southeast Asian (half Filipino). We see massive potential to grow our
community there. We already have a Vietnamese Telegram channel, and if anyone
else would like to help grow our ecosystem in Southeast Asia then please feel
free to reach out. 🙂
Q11 from Telegram User@thanbien
How was the idea to create this project born? It is very interesting.
What do you want to prove? What are your expectations?
Jens Anderson: The original dev is not with us anymore. But when I asked him, his
answer was that it was just a meme. But an interesting thing happened, where a
special community was building around it based on wynaut memes. Community grew
from 300 to 4000 in like two days. So it was never intended to blow up, but it
did. After the collapse, the new team wanted to rebuild it and we were
astonished by how much support and faith the communtiy was still showing! So we
decided to evolve through the meme-project and actually provide real value.
That’s where the things with NFT’s and tokenomics that I was explaining
earlier come into play.
Q12 from Telegram User@ubuntucoder
The defi market is a new technology growing very rapidly and there are
security breaches almost everyday in defi projects so what Wynaut have on
security problems of those?
P W: We mentioned it earlier, but there are a few factors where we feel we
are making massive improvements – Wynaut has already been audited, and we will
be seeking multiple audits for the Gen2 coins. We also have a team that have
internally doxxed, and we are moving onto a multi-signature wallet system so
that control of the token development is split fairly across the system. DeFi
is an incredible new tech, I completely agree. At the same time, we can take so
much guidance from DevSecOps from more established fields. Luckily our team has
massive experience here!
Q13 from Telegram User@AllenLu
The lottery is done weekly or daily, how do they do it, how does it
work, how do I know that it is truly transparent? @pw0_0
Jens Anderson: The lottery is a fork of Pancakeswap’s own
lottery. The mechanism is very similar and the smart contracts themselves are
not that different. Millions of $ are being paid out by pancakeswap and it is a
grand success. So the model itself has been proven to work. We will add our own
ideas (hint; legendary NFT’s) to the lottery when we are ready, so it will
become its own truly unique product.
Q14 from Telegram User@Akira23
Is it possible for you to tell us the incentive and advantages for
investors to hold Wynaut and Meowth token in a long term? What strategy do you
have to support and handle demand and shortage of the token?
Jens Anderson: The plan is to build a whole ecosystem surrounding cool NFT’s,
gamification and collectibles. “Wynaut-2” will be the deflationary
SoV of this platform and will be used to farm the currency (Meowth-2) of the
ecosystem. With time the supply of wynaut-2 will fall by *a lot* and if the
ecosystem becomes the success we are working towards, the demand will rise
extremely too. So you’d be holding a token that has high demand, low supply,
all the while you’ve been farming a bunch of currency and gotten the reflection
fees. The longer you hold, the more your stack grows basically.
Let me iterate how powerful an idea it is:
Your stack grows, but the supply falls.🔥🔥
Q15 from Telegram User@ronaldo_super
I want to earn coins while giving your system liquidity so which coins
can I use?
P W: Hey Ronaldo, good question! I would recommend buying either Wynaut or
Meowth on wynautdefi.app and then creating a liquidity pool with BNB, CAKE or
BUSD that you can farm
When you farm with LP, or pool with Meowth, you are rewarded with more
Meowth. This incentivises people to stay within our ecosystem and enjoy growing
their stacks.
Farming is a humble profession, but one I enjoy 😁
wynautdefi.app – go to Trade at the top to get started
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of Wynaut. They’ve prepared 4 questions for this part. The total reward pool for quiz was 3000$.
PART 1. Introduction of Dero project and community questions.
Hello, Satoshi clubbers and guests of this site. We are happy to present you with a project called the Dero project. Dero the world’s fastest anonymous blockchain. It is the first crypto project to combine a Proof of Work blockchain with a DAG block structure.
Gold Rocket | Satoshi Club – @GoldRocket27 and Andrés M. | Satoshi Club – @AndresM77
The Representative of the project:
Dank: – @Dank
Kryptoid: – @realkryptoid
Joshy: – @notoriousjoshyb
Introduction of Dero project.
Gold rocket | satoshi club:
We are pleased to announce our ama with DERO project
Andrés m. | satoshi club:
Dank: – @Dank
Kryptoid: – @realkryptoid
Joshy: – @notoriousjoshyb
Welcome today, is an honor for us to have you here
Kryptoid:
Thank you for having us.
Gold rocket | satoshi club:
Welcome to satoshi club guys!😊
Dank:
Yeah, a pleasure to be here.
Andrés m. | satoshi club:
How are you?😃
Gold rocket | satoshi club:
Thanks for joining 😍
Dank:
Another day in paradise 😁
Gold rocket | satoshi club:
To begin with, please tell us a few words about yourselves and how did you get to be involved in the crypto & DERO projects?
Kryptoid:
Well, @Dankfc I have been with the project as community members since the beginning and now along with @notoriousjoshyb we have founded the DERO foundation. The purpose of the foundation is to support both the community and the progress of the DERO project. We have been managing the community and project for years together as a team at this point.
Andrés m. | satoshi club:
Is there only one official DERO community or do you have several local communities?
Gold rocket | satoshi club:
DERO has been developed since 2017
Kryptoid:
Our official communities can be found in our telegram information and on dero.io. In general, our most active community is on discord. We also have a very active french telegram.
We have collected some community questions, are you ready to answer them?😁
Kryptoid:
Ready when you are. :d
Gold rocket | satoshi club:
We are looking forward to this moment !!!🚀
Preselected questions about the Dero project.
Andrés m. | satoshi club:
Q1 from telegram user @auguss7
I understand that DERO combines pow with a dag block structure, but couldn’t it be compatible with pos? Or only privacy can be obtained with the given combination?
Kryptoid:
Privacy comes from Cryptonote on our current chain and our homomorphic encryption on our current test-net. Pos could possibly be compatible, however since DERO is 51% attack resistant because of the blockdag structure, we find pow to be the most secure way to reach consensus.
Andrés m. | satoshi club:
Sure, we have a question about this type of attack.
Dank:
Also, we look at fairness when seeking consensus. Pos has many benefits, but security and economic fairness are far greater with pow.
Andrés m. | satoshi club:
Of course, you take a great decision with pow.
Gold rocket | satoshi club:
Thanks for your answers👍
Dank:
The lead dev, captain, has always looked for green solutions, so that is something that is always on our radar. Feel free to dm or join our discord if any know of tech that may fit in with our ecosystem.
Andrés m. | satoshi club:
Of course, we will, our users are always interested in technical topics.
Gold rocket | satoshi club:
Want to add something or we can proceed to the next question?😊
Kryptoid:
Feel free to proceed.
Andrés m. | satoshi club:
Q2 from telegram user @konditer_rolex
The fact that DERO networks do not need any extra layers or secondary blockchains for the full functioning of contracts is of course good. Tell us about the commission on the network and some technical information about how and by whom the operability of the DERO network is maintained. And how are you doing with the scalability of the blockchain.
Kryptoid:
Yes, everything is layer one on dero. The network is maintained through distributed nodes run by users. So far, what we have seen in the capabilities of dhebp (our new homomorphic encryption blockchain protocol) scalability is going great. This new protocol can support hundreds of transactions per second and thousands of transactions in a single block. We are also getting ready for further stress testing right now.
Dank:
If by the commission, you mean a “gas” concept, we are still working for a better way. Currently, on our testnet, smart contracts are relying on the standard fee-per-kb. We understand that gas will be a major issue as seen in the defi mania, so it will be approached with the same level of attention as all previous technological advancements.
Gold rocket | satoshi club:
Btw, tell us a bit about your successes in the project, i know there was a hard fork a year ago…
Kryptoid:
Yes, our new pow, astrobwt was deployed. If you are interested more about astrobwt you can find that here
Andrés m. | satoshi club:
For whom are destined the commissions on DERO network?
Kryptoid:
Miners. 😃
Andrés m. | satoshi club:
Great and there is a reward for holders?
Kryptoid:
No staking, no.
Dank:
We would also like to see full node operators with rewards as well.
Andrés m. | satoshi club:
Interesting, how to achieve my own node?😃
Dank:
The idea is to remain as open as possible, but there are a lot of considerations. We are not there yet. Hopefully we will have some more news on node rewards soon.
Gold rocket | satoshi club:
We are looking forward to this news!
Andrés m. | satoshi club:
Oh got it, we will be waiting for it in Satoshi club community💪
Kryptoid:
All a user needs to do is run the DERO daemon to be a node operator. Currently, node operators do not earn by running nodes but we hope to provide an incentive with the next release. It will be discussed further in our community as we get closer to mainnet.
Andrés m. | satoshi club:
Thank you so much for this clear answer.
Gold rocket | satoshi club:
Thanks for sharing 😊👍 ready for the next question?
Kryptoid:
Always ready.
Andrés m. | satoshi club:
Q3 from telegram user @juansb07
On their website, they explain that DERO will be safe against most hash rate attacks. And that exactly is 51% immune to hash rate attacks. So, how DERO has managed to have this protection against hashrate attacks? If they are immune to half the attacks, why not reach total protection of 75-100%? Do you think about improving this security system?
Joshy:
With the new stargate testnet, you can now run a fast sync node that will sync the DERO daemon almost instantaneously which will be much easier for mobile devices, etc, or alternatively, you can run a full node that will sync the entire blockchain and run a full node.
Kryptoid:
I think that is a misinterpretation of what a 51% attack means. It means 51% and above. Although 100% hash rate attack would be literally the entire network. Not sure you could do anything about that. :d
Gold rocket | satoshi club:
Thanks for the clarification! Do you want to add something from yourself?😊
Kryptoid:
When deploying astrobwt pow to mainnet, we actually had a large hash rate issue at the time of fork. The chain settled in about 20 minutes or so and there were no problems. Because of the low amount of miners at that time and the level of hash rate it was a real-world simulation of something like a 90% attack.
Gold rocket | satoshi club:
Thanks for the answer! Ready for the next question?
Joshy:
Just to add to this, when this was happening it was great to see DERO dag in action on https://network.dero.io/ feel free to check it out😃
Please feel free.
Gold rocket | satoshi club:
By the way, I tried to install your wallet today and it was very easy to use it. Are there any features or features that you are proud of? 😉
Joshy:
All of the wallets are great, the command line wallet is very easy to use with a little bit of guidance if you are not familiar. Our browser wallet at https://wallet.dero.io/ looks and runs great. This can be also used on mobile. I personally like the design of this which was done by one of our community members “zoz” which we are very grateful for. Dank is also working on a GUI wallet that is available at https://git.dero.io/dero_foundation/cmd one of the great features of this wallet is the speed. With stargate coming to the mainnet in the future there will be many changes to the wallets.
Andrés m. | satoshi club:
How many tokens can I hold on that wallet?
Kryptoid:
As many as you like 😃
Joshy:
As many as you like but remember to save your seed in a safe place 😃
Andrés m. | satoshi club:
Haha of course😁
Dank:
To add, we are also working to improve the UI/UX, which seems to be an issue for crypto in general.
Gold rocket | satoshi club:
Yes the design is very good and the menu is available! You did a good job! 👍
Andrés m. | satoshi club:
Wow great job, I’m going to install it, as you said is highly secure😃
Kryptoid:
We always remind users to keep their seed safe (as josh said) and make sure they practice good personal security. A wallet is only as secure as you make it, at the end of the day.
Andrés m. | satoshi club:
Q4 from telegram user @gutike95
Since 2018 DERO has been migrating to other mining chains and algorithms to the point of obtaining a block time of 27 seconds, is this really the minimum time that DERO can reach? Or with future associations could they be reduced even more?
Dank:
It is not the minimum, but the block time will be within some range of that. We need more data from the testnet to find the sweetspot for smart contract execution.
Q3 follow-up: but to go a bit deeper, there are multiple checks in our protocol. As a couple of examples, on our current mainnet, we check the mempool to ensure that all transactions are added there first. We also check for double spending on our client protocol with the help of cryptonote key images, which can only be spent once. With the blockdag structure, competing blocks are added, some as side blocks, so all transactions are added.
Andrés m. | satoshi club:
Has your mainnet been audited?
Kryptoid:
Yes, it has been. Also, we have had a situation with our bulletproofs that we did not have the same bugs that were released with other chain’s implementations. Our developers are pretty advanced with cryptography and security, i think that shows in the quality of not only our current mainnet but the new testnet as well.
Andrés m. | satoshi club:
I agree with you, that could increase the trust of the users about the quality of the project.
Well, something else to add, or are you ready for the next question?
Is it possible to mine DERO now? Tell me where to find your software for mining and what hardware it is better to do it. Possibly there are pools and can you tell me how to find them?
Kryptoid:
There is a miner included with the download for the wallet that you can use to solo CPU mine. With the current hash rate of the network, a lot of users choose to use pools. Xmrig currently supports astrobwt for this.
If anyone ever needs support with mining to feel free to jump in our #mining channel on discord https://discord.gg/xr8txqke and we will help out as much as we can.
Kryptoid:
As far as hardware, people use CPU and GPU. As far as hash rate to wattage ratio, they are fairly close. Astrobwt is GPU resistant (i haven’t seen anyone even claim more than a 1.3x improvement on efficiency with GPU) but you can still use GPU successfully to mine. You will not have a huge edge against the CPU miners, though.
Gold rocket | satoshi club:
Thank you very much for the answer! This is exactly what our members wanted to know! 👍
Andrés m. | satoshi club:
Of course, a lot of clear details 😃👍
As a CPU miner, I need I high-tech computer to mine dero?
Kryptoid:
It all depends on electricity cost and how much DERO you are looking to mine, Anybody can mine but slower CPUs will obviously take longer to find coins.
Do we need any kind of license for it? Some countries ask for licenses to BTC miners. Talking about legal earnings.
Kryptoid:
Not as far as I’m aware, no. I guess, check with your local laws and regulations. 😁
Andrés m. | satoshi club:
Sure😁. Before the last question, can you share with us your tokenomics?
Kryptoid:
Sure.
DERO uses its own chain and is not a token of any other platform. Tokens can also be launched on DERO and are also natively accessible in the wallet as well as private.
Circulating supply is about 10.4m
The total supply is 18.4m (currently with tail emission of 157k/yr similar to xmr)
Andrés m. | satoshi club:
Thank you so much
Q6 from telegram user @cleotilde1
Dero’s smart contracts seem to be designed for a network of majority businesses, what about minority businesses and companies or individuals in full development? Are your services designed to satisfy both businesses?
Dank:
DERO is an open platform, so the protocol works the same way for all participants. Where you will find unique and tailored business needs, will be in how smart contracts are developed. There are no restrictions that should limit any individual, business, or developer from deploying applications on our network.
Gold rocket | satoshi club:
So, summing up our fascinating conversation, please tell us why dero?😉🚀🚀🚀
Kryptoid:
DERO is a fully functional smart contract and services platform with speed and privacy at its core. The goal is the ease of use, security, and privacy for everyone.
Gold rocket | satoshi club:
Do you mind if I quote from your website?
Kryptoid:
Feel free.
Gold rocket | satoshi club:
Kryptoid:
There you go. 😁
Gold rocket | satoshi club:
It seems to me better can’t tell👏👏👏
Joshy:
DERO also has added a unique feature of the private service model on its blockchain which supports the building of market-place, secure and safe voting-systems, identity verifications systems,crypto-exchanges within the DERO eco-system.
Thank you very much for your answers and information! It was very informative! Ready for a storm of questions?
Kryptoid:
As ready as we can be. Thank you all again.
Andrés m. | satoshi club:
Thanks to you for your time😃
Joshy:
Thank you for having us!
Gold rocket | satoshi club:
I will open the chat for 2 minutes, after that you will need to select 10 questions and answer them.
Kryptoid:
Sounds great.
PART 2.Questions about the Dero 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 Dero crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 40 Dero.
Q – 1 from a telegram user @highpee
I saw this statement on your twitter. “On $DERO, you don’t know who interacts with the Smart Contract, but you know what you’re executing.” It’s somehow confusing. Can you explain what that mean? How can we know what the smart Contracts is executing when it’s unclear who is interacting with the SC?
Dank:
Our Stargate RC2 release allows for both public and private smart contracts, but in either case, the smart contract code is public. This is for auditing purposes and also for public safety. Everyone should know what code is being executed. See an example on our explorer:
Q – 2 from a telegram user @Pratze
I believe that Dero is really a great project and has a good future, can u pls tell me how to do investment with Dero Project? Do u have any ICO or maybe presale now?
Joshy:
DERO did/does not have ICO or presale. If you would like to buy and hold/trade DERO you can on TradeOgre – and Kucoin – as always we would not recommend holding coins on the exchange so please visit to find wallet user guides. They are very secure as long as you store your seed safely.
Q – 3 from a telegram user @Indomiekuy
Dero project is an industry leader with many totally new development in a blockchain ecosystem for example fully anonymous transactions based on Homomorphic Encryption. Could you introduce to us what is Homomorphic Encryption and how does it work?
Kryptoid:
Homomorphic Encryption works by computing data that is encrypted without decrypting it first. So, information is taken in encrypted and private. Then the calculations are performed while still encrypted and the answer is returned encrypted. The node performing the calculation does not know the unencrypted data at any time.
Q – 4 from a telegram user Deleted user
&?&
Dank:
DERO blockchain services allow the delivery of 128 bytes of data which can include URLs, license keys, identity verification, crypto exchange, and more. Once a transaction is sent to a service provider, a reply will be sent to the sender with the same level of privacy. See more details:
Q – 5 from a telegram user @Gabrielle124
What is DHEBP? and what does it do in your platform?
Joshy:
DHEBP stands for DERO Homomorphic Encryption Blockchain Protocol. Homomorphic encryption is a form of encryption allowing one to perform calculations on encrypted data without decrypting it first. The result of the computation is in an encrypted form, when decrypted the output is the same as if the operations had been performed on the unencrypted data.
Homomorphic encryption can be used for privacy-preserving outsourced storage and computation. This allows data to be encrypted and out-sourced to commercial cloud environments for processing, all while encrypted. In highly regulated industries, such as health care, homomorphic encryption can be used to enable new services by removing privacy barriers inhibiting data sharing. For example, predictive analytics in health care can be hard to apply via a third party service provider due to medical data privacy concerns, but if the predictive analytics service provider can operate on encrypted data instead, these privacy concerns are diminished.
DERO will use Homomorphic account based model, a first for privacy-focused blockchains. This will allow Instant account balances, No more chain scanning or wallet scanning to detect funds, or the need for key images, Massive scalability improvements (fixed account cost of 66 bytes in the blockchain), Truly light-weight and efficient wallets & Perfectly anonymous transactions with Many-out-of-Many Proofs (Bulletproofs and Sigma Protocol) to support deniability.
Q – 6 from a telegram user @Cleotilde1
I was reading on your website about the modifications that DERO made during the course of 2020 and there are several milestones, how did you manage to switch to a new mining algorithm in full swing of the pandemic, and what benefits has this new algorithm-generated so far for DERO?
Kryptoid:
While it was definitely strange to be working and preparing for an upgrade during the pandemic, our developers, team, and community are very resilient. We had something that needed to be done and we made sure it happened.
So far the main benefit from the change in the algorithm was getting away from the CryptoNight ASICs and distributing hash rate into a more diverse set of miners.
Q – 7 from a telegram user @Xusuo
The $DERO team already announced public testing of Stargate RC2, a private decentralized application platform. What issues are you trying to solve with Stargate RC2? Can you explain what is the main use of Stargate RC2?
Kryptoid:
The first one is obviously privacy, current application platforms do not use layer 1 privacy. Layer 1 privacy is essential because if your privacy is on layer 2, you are still using an open and transparent chain underneath.
Another problem that Stargate tackles is scalability. DHEBP not only provides the privacy for the chain but it’s account model allows for fast transactions that are instantly settled in 1 block. This aids in creating a more scalable platform than can be found in most projects today.
The main use of Stargate is for whatever your heart desires. With the ability to do smart contracts as well as services the options are very open. Tokens, defi, apps are all possible with complete privacy at it’s core.
Q – 8 from a telegram user @Sumione
Is there any plan to list DERO in exchange like Binance, Okex? Why didn’t you choose Ethereum as a blockchain so that it could get listed on Uniswap and will have mass adoption?
Kryptoid:
Exchanges are always welcome to list DERO. We aren’t huge fans of paying exchanges for the “privilege” of being traded on them, however.
ETH is not private and as you can see by gas fees has scalability issues. DERO’s technology lies in it’s blockchain, it is not simply a token that can sit on another chain. The power of DERO comes from the DERO blockchain itself.
If users would like to create something like Uniswap on top of DERO, that is possible however because it is its own platform.
Q – 9 from a telegram user @MihaiPisica
Will be able someone to track my funds?
Joshy:
DERO has wholly anonymous transactions, with DERO Stargate senders can prove to receiver what amount they have send (without revealing themselves). The Anonymity group can also be chosen in powers of 2 via the wallet. With the addition of Homomorphic Encryption DERO will be even more private than CryptoNote.
Q -10 from a telegram user @NataliyaKil
The web version of your wallet doesn’t work on mobile devices? The button: “create a new wallet” is inactive on the phone?
Kryptoid:
Due to the limitations of WASM currently, some devices have a harder time running the web wallet. We have found that Firefox for mobile usually can run the web wallet on most devices. As WASM improves in the future, we expect compatibility to grow with it.
Part 3 – Quiz about project
In the final part, we tested the knowledge in terms of the Dero project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 170 Dero was distributed between the winners.
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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. SaltSwap Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about SaltSwap
For more details:
SaltSwap – @SaltSwap
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 50$ /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 50$/5 users – Open chat for 120 seconds. You can post Max 3 questions. RioDeFi Spanish Team will select 5 questions and answer them.
For more details:
RioDeFi Spanish – @riodefilatam
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from Kylin Network. The AMA took place on March 2nd, 2021 and our guest was @dyLanoshi.
The total reward pool was 500$ 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
Luis Merino 🇪🇸
| Satoshi Club: Hello
SatoshiClubbers and welcome to Kylin Network AMA! Today our guest is
@dyLanoshi, welcome!
D. Папа Роуч: hello all!@dyLanoshi
hello! good to have you here!
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: great
to be here!
D. Папа Роуч: how are you doing?😊this is the first question of
our AMA😄
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: honestly,
not bad – after 6 days of intensity, got some rest finally last night
Luis Merino 🇪🇸
| Satoshi Club: Nice
to hear 😄
D. Папа Роуч: great!
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: not
that i actually know what that is like unfortunately, but
i can imagine it is similar, intense and bewildering being in the midst of a
launch is like an acid trip
Luis Merino 🇪🇸
| Satoshi Club: It
should be difficult of course. So
you had a nice rest… That’s nice, because Satoshi Club has many great
questions for you 😉
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: but
extremely grateful too! and emotional – 6 months ago no one knew who we were
really, and our team has worked so hard and our community has been so amazing.
we have such a great group of people who have put their faith in us – from our
fist investors to our latest supporters during the launch
D. Папа Роуч: so, are you ready for the
portion of AMA with Satoshi Club? 😉 @dyLanoshi
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: thank
you
D. Папа Роуч: yeah, this is awesome
feeling! so let’s begin with intro? can
you please tell Satoshi Club a bit about your experience in crypto? and
introduce Kylin Network as well? 😊
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: Yeah
for sure!
So
I’ve been around for some time. Known about BTC since late 2010 and then
actually really started down it in late 2011. Initially had more of an academic
background, but half of my working life is still prob in more itinerant jobs
like waiting tables and such, actually. Eventually found myself in the context
of corporate world and progressive involvement in blockchain. From Toronto and
met Ethereum team early on, took part in their ICO and held until the last bull
run. Did some angel investing after that which I sucked at and then started
moving into building projects and teams, with a focus on either crypto
primitives/fundamental problems, or both.In a really really general way, Kylin
aims to be the basic context for a DeData world.We connect the real world to
the blockchain and vice versa
Luis Merino 🇪🇸
| Satoshi Club: You
are an early adopter 👀😄
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: believe
it or not when btc was at $70 I thought I was late. lmao
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: things
were so so much differen then
D. Папа Роуч: haha still not late to buy at
50k😄😉
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: conan
obrien started making fun of it on his show, people
just thought it was ‘zany’ then, like the same as people
wearing tin foil caps to protect from microwaves. No joke. We’ve
come a long way
D. Папа Роуч: nice journey! more than 10
years in crypto! cool
Luis Merino 🇪🇸
| Satoshi Club:Lucky you 😉
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: a
lot of people focus on the fact that we can provide a more cost-effective, higher
throughput oracle use-case, but this is actually the tip of the iceberg, we
hope
Luis Merino 🇪🇸
| Satoshi Club: Oh
my god…😂😂😂😂
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: i
don;t want people to get an impression that i have tons of btc, btw – i was as
rational as anyone else along this whole journey. just
fyi
D. Папа Роуч: so you sell most of them in
profit 😉 something like this? 😁
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: yes,
crypto has been good to me, but i also spent many years in the trenches
explaining it to people who thought i was a little off
Luis Merino 🇪🇸
| Satoshi Club: 😄😄
D. Папа Роуч: haha alright! thank you for
the great intro @dyLanosh ! if you are ready we can start with the questions
from Satoshi Club community? 😇
Your
token sale on PolkaStarter which was set at a price of $0.05 was exhausted
within 2 minutes and not all whitelisted address were able to participate. But
I learnt you are going to run a Phase 2 sale through a Liquidity Bootstrapping
Pool (LBP) on Balancer. When is the Balancer sale and will you require a
whitelist/KYC for this? Also, Why is the price of the Phase 2 sale set at $0.95
which is far higher than the $0.05 price for POLS sale and what assets is/are
needed to participate in this phase?
Luis Merino 🇪🇸
| Satoshi Club: Great
question 😄
(Won’t DM You First) – Dylan Dewdney | Kylin Network – CEO: I will be the first to admit our launch was challenging. We had a really massive interest in the IDO, and I think we should have been better prepared for it. Ultimately, we have to compromise on features of our token launch design (and overall tokenomics).ok, so the LBP. this was something we figured out as a cutting edge methodology to engender some more fairness in the launch process. it’s this really neat way to prevent bot front-running
This
is probably unlike any other sale you’ve ever done. Unlike in, say Uniswap,
where two assets in a pool have equal weight, in LBPs the weights of the assets
can be changed over time, hence, we ‘bootstrap liquidity’. As noted above, it is
important not to jump in too early. Stay rational. If you feel the price is too
high, wait a few minutes or longer until it reaches a value you think is correct. Unlike a standard pool, there
are two main methods by which the price can change: 1) there is a constant
downward pressure on the price from the variable weighting, but 2) in concert
with this is that the price will get a ‘bump’ every time someone sends USDC to
the pool in exchange for KYL.
WARNING
— LBPs and price discovery
You
will need to understand that when you swap USDC for KYL in a LBP pool, you
essentially are ‘naming your price’. Although we have a starting price, of
$0.95, this does NOT mean that KYL has been valued at $0.95! This is essentially a
placeholder starting point at a 19X (95/5=19) valuation to the public sale
price of $0.05 that should help prevent bot front-running prior to the weight
function kicking in. We
repeat, do not confuse the starting price with a proposed token value! In other words, if everyone
does nothing or, overall, adds very little liquidity when the LBP starts, the
price will naturally fall, and fall fast. This is why it is so
important in an LBP to stay calm and not FOMO. Over a certain time period,
it should become more and more clear the price basis of KYL, which is why it is
further recommended not to ‘storm the gates’. In simplest terms, the LBP
puts a lot of agency in the hands of the participants to work dynamically and
most importantly — organically — toward a methodology/system of price discovery
with hopefully a more rational and human basis than other ways. Subsequent to the LBP ending,
the token price will be set in the Uniswap pool, which represents the 3rd and
final phase of the KYL token launch.
I’m
just going to copy/paste what we’ve put together up here for ref too^^^
D. Папа Роуч: thank you! also, as i heard
token sales on Balancer are quite expensive regarding to gas fees, is that
correct? so people should hold more ETH to make a successful transaction there?
(Won’t DM You First) – Dylan Dewdney | Kylin
Network – CEO: TL;DR:
the $0.95 IS NOT an assessment of value, it’s a function of the LBP. afaik
as expensive as on any DEX, but would you rather a bot scoop it?
D. Папа Роуч: nope
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: and
yes, people should hold adequate eth to run txs
Luis Merino 🇪🇸
| Satoshi Club: That’s
important❗️
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: i
hope this all makes sense?
D. Папа Роуч: sure!
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: so
the idea is we really want to get to organic price discovery based on humans. IMO
we are in an unhealthy phase – too bullishand
valuations are too crazy. LBPs hopefully enforce some
rationality on retail investors
Luis Merino 🇪🇸
| Satoshi Club: You
are right 😂
D. Папа Роуч: yep, market is very hot, it’s
a bit scary 😁
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO:ultimately leading-we
hope–to better entry points, but we all have to work
together on this – IT’S EXTREMELY IMPORTANT NOT TO FOMO IN ON THE LBP
wait
wait
watch
do
not jump in
you
will get rekt
D. Папа Роуч: so best strategy is a bit
wait, and then buy for the more adequate price😇. i
hope it will work 👀😄
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: whatever
you do, and i can’t i guess formally give advice, but my academic sentiment on
this is do not go in at the start
D. Папа Роуч: gotcha!
Luis Merino 🇪🇸
| Satoshi Club: Noted
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: we
have a ton of great analyses floatng aroundin the unofficial chat on this btw. Really
fascinating to speculate on how it will go down
Kylin
network plans to Unlock the potential of DeFi using bridges and cross-chain
synthetics. Will it be possible to establish cross-chain liquidity bridges to
make it easier for LPs to work and improve the status of transactions? What
improvements will we see in the blockchain with kylin?
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: so,
this is something we are working with Shadows a bit on already (and others).
short answer is yes! it will take some time before this is really operational
like it is in other contexts (eth world eg), bc Polkadot needs some time to
mature yet, but i expect within 6 months. 2nd part of the question is super
general, but Kylin at its base is the scaffolding to a validated data
infrastructure for the world. we are just getting kickstarted with the oracle
use case, but the oracle use case is just one of a sea of validated data use
cases that will drive decentralized data proceses.
D. Папа Роуч: so Kylin Network will support
many blockchains? what will be the fee structure? will we have to pay everytime
when we connect to new blockchain?
(Won’t DM You First) – Dylan Dewdney |
Kylin Network – CEO: eventually,
yes, through bridge-chaining on polkadot. The fee structure is like this.
thanks! there are really 2
sides to Kylin: the NPOS consensus side which is like a fork of dot and then
the biz module side (which is really far more interesting in some ways as it’s
the innovative aspect).
They interoperate and we have this
extremely juicy incentivization aspect to oracle scripting on the biz module 15% in
perpetuity
D.
Папа Роуч: oh yeah, i see😊
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: so we expect a cambrian explosion of people engineering really cool
scripts, either in a
journeyman way, or as part of a way of dogfooding data providers themselves. Does this
all make sense?so consumers pay
in KYL for access
D.
Папа Роуч: it definitely makes sense 😄
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: and that paid KYL is given overand then likely about 60% of KYL is
locked at any timefor
~12% APRand that staking
mechanism drives skin in the game for oracle and arbitration nodesKylin is like if DOT itself became a data
feeding/consumption functionality validation layer. This is why
we call ourselves infrastructuralbecause,
even though off-chain workers satisfy oracle functionalities in a way in
Substrate 2.0, they are limited and there’s no way to validate what they bring
on to chain. I should prob note that i’m done with each response, huh?lol
D.
Папа Роуч: haha! thank you for detailed
explanation! i think you gave us as much info as possible 😄👍thanks a lot! ready
for the third question?
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: for sure
D.
Папа Роуч: let’s do this!
Q3 from Telegram user @KevSalom
As you say, a good oracle service must
have four important characteristics: accuracy, timeliness, high cost against
attacks and decentralization. Does Klyin Network meet all these characteristics
in their entirety? What role does Polkadot play in all this? Has it been key to
achieving what other oracles have failed to do?
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: yes, we do, i think. accuracy for sure will come with time and
become more robust as we engineer many sources of data feeding (apis). timeliness
for sure! we can settle much faster thanks to DOT, in near real-time high cost
against attacks, yes on this too; through our arbitration mechanism and
slashing decentralization – in the long-term for sure, though we need to ve a
bit careful at the start and vet validators a bit through 100 validators
program, but they get vetted less and less as the system becomes more robust. Polkadot’s role is that it provided us the
context we felt to adequately solve The Oracle Problem in the way that it
needed to be solved – at a cost effective and high throughput basis
D.
Папа Роуч: would you call Chainlink your main competitor?
Luis
Merino 🇪🇸 | Satoshi Club: Does Kylin really have
competitors? They will smash them all
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: here’s the thing: chainlink is awesome, but chainlink will need to
innovate beyond their narrative imooracles
are like email in 2001they
will be a feature.I don’t see
that we have direct competitors (like Chainlink) in the sense of any project attempting
to build an infrastructural level data validation layer. Of course, we get
compared to Chainlink a lot, and that’s ok. Most people who will employ data
feeding services will use a variety of oracles to come to the best result, and
it is only logical. Finding partners, so far, has proved pretty smooth.In the most general terms, Kylin is a
general data validation layer. In more specific terms, it’s probably best
conceptualized as a cross between Chainlink (we can satisfy getting off-chain
data on-chain), the Graph (through querying we can get on-chain data, off-chain
for analytics), and then Ocean Protocol (where we are setting up the basis for
a decen-tralized data market infrastructure).
So yeah the Chainlink comparison is necessary, but not sufficient.
Luis
Merino 🇪🇸 | Satoshi Club: Btw Dylan, an offtopic
question. How big is your team?
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: FT and PT we are 22 or so, and it looks like Berkeley will lend us
one of their BC accelerator interns soon too. and then we have this amazing amazing committed group of volunteers
– i think around 10 or so now with a core group of 4 or so ambassadors
Luis
Merino 🇪🇸 | Satoshi Club: Not a small one 💪Do you plan to extend those
groups?
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: i guess not now hai
expect that we will expand the ambassador network a bit as needed
Luis
Merino 🇪🇸 | Satoshi Club: Thank you for your
answers!Do you want to
move to Q4? 😊
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: let’s do it!
Luis
Merino 🇪🇸 | Satoshi Club: Thanks 😊👏@Cool_as_Ice shoot
it 🚀
D.
Папа Роуч: ok! let’s talk about community then 😉
Q4 from Telegram user @yellowchamp
I read in your website that Kylin
Network has some great Community engagement and the one that interest me is the
Bounty Program for General Community. So,can you explain more about this Bounty
Program in your network? How to participate in this program? What are the
benefits and rewards as prizes for this Bounty Program? What is the motivation
and objective and proceeds of this program? Can we also invite some friends or
colleagues to participate this Bounty Program? Thank you
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: tbh we have been so busy with product and then launch we haven’t
fully formed the program out yet.but we
will provide some details on this post launch
D.
Папа Роуч: i assume we can expect some cool things
for the community 😉
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: for sure!
Luis
Merino 🇪🇸 | Satoshi Club: Great things to come ✨
D.
Папа Роуч: don’t forget to share news about those
events later in our club as well 😇so let’s proceed to the next question? ready?
Data Consumer, Data Warehouse, Oracle
Node, Arbitration Node, and Blockchain Node, these are the five entities of
Kylin Oracle that represents the major components of Kylin’s Architecture. So
can you explain the details of each entities and the interralated relationships
of the components?
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: I can, but the token economy white paper does it so much better
Luis
Merino 🇪🇸 | Satoshi Club: Please share it with us
👍
Can you share with us who are your
important partners that Kylin Network have? How many total partner that you
have for now? What are the result for Kylin Network from your partnership?
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: thanks!for
sure! proud to say we have more pre-launch partnerships than any other oracle
as far as we know.we have
33 partnerships in total atm, half of which are public
some that we can highlight ^
Luis
Merino 🇪🇸 | Satoshi Club: And they are huge
projects 😳👏Congratulations on that 🎉
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: many of these we are working on use case paramteres above and beyond
price feeding
D.
Папа Роуч: do you have plans regarding to NFT
sector? you cover so many directions in crypto, is there a place for NFTs in
Kylin Network?
(Won’t
DM You First) – Dylan Dewdney | Kylin Network – CEO: yes, indeed. we are
clearly bullish on NFTs
Luis
Merino 🇪🇸 | Satoshi Club: Those are great news,
NFTs are rocking atm 🚀
bondly is a big partner of ours. we may think about using NFTS as an access
point for thinks like validation or discounts or buffers on aspect of
tokenomics. rn we have
associated two NFTS with airdrops
Part 2 — live questions from the Telegram community
Q1 from Telegram User@Wormz28
🔥🔥🔥🔥
HELLO 👋 @dyLanoshi
How’s your experience having AMA here in Satoshi Club and what can you say about the group and the community?
🔥🔥🔥🔥
(Won’t DM You First) – Dylan Dewdney | Kylin Network – CEO: you guys rock; i like these sorts of amas in authentic cool communities
Q2 from Telegram User@stargateeatlantis
I have seen many projects starts with really good promises but when there is low income on presale they abandon the project. How can I be sure this won’t happen with Kylin?
(Won’t DM You First) – Dylan Dewdney | Kylin Network – CEO: we have at least 2 years roadmap with our current funding and treasury management, and we have hustled our assess off so far – i expect that to continue
Q3 from Telegram User@RamonPila25
Is it possible for users to become any of the node types required for Kylin to function? What are the requirements for them?
(Won’t DM You First) – Dylan Dewdney | Kylin Network – CEO: yes, but after some time – we will work with some trusted validator nodes first to ensure everything is smooth
Q4 from Telegram User@Robotliker
@dyLanoshi Hello sir!
There is the chance of fake pools and listing of fake tokens in defi , what is the real contract address of KYL?ALSO what is your official telegram community
haha it is a mythological beast – from primarily asian origin https://en.wikipedia.org/wiki/Qilin the Kylin is ‘said to appear with the imminent arrival or passing of a sage or illustrious ruler’
Q8 from Telegram User @nadee5
Is there any limitations to buy KYL tokens in LBP?
(Won’t DM You First) – Dylan Dewdney | Kylin Network – CEO: theoretically, yes: 13M practically, speaking, no
Q9 from Telegram User @topind7
Can you identify the DEX Kylin will launch on after the sale and the date you will launch it?
(Won’t DM You First) – Dylan Dewdney | Kylin Network – CEO: we will go on uniswap soon after the Balancer LBP
Q10 from Telegram User @blockchainstake
What are the priorities of Kylin on this new year 2021 can you share your milestones you want to achieve this year?
(Won’t DM You First) – Dylan Dewdney | Kylin Network – CEO: securing more partnerships, POC Testent, and Parachain auction!
Part 3 – Quiz Results
In the final part we tested your knowledge in terms of Kylin Network . They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
