Satoshi Club

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 DeFi Wizard and our guest was Anand Kamath – representative of DeFi Wizard. The AMA took place on 27 February.

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

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

Part 1 — introduction and questions from the Website

Luis Merino 🇪🇸 | Satoshi Club:
Hello everyone and welcome to another AMA session with Satoshi Club. Today our guests are from DeFi Wizard.
@Anandkamath welcome, feel like at home 😉

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

Mary | Satoshi Club:
@Anandkamath welcome here 😀

Anand Kamath:
Hey guys, Glad to be here.

Mary | Satoshi Club:
Hello, Anand😀 how are you today?

Anand Kamath:
I’m doing great.

Mary | Satoshi Club:
Awesome! Let’s start our AMA then 🚀

Mary | Satoshi Club:
Could you please introduce yourself and tell us more about DeFi Wizard 😉

Luis Merino 🇪🇸 | Satoshi Club:
Hello! 😄

Anand Kamath:
My background has been a developer all my life. Have 10 years of development.

Mary | Satoshi Club:
Wow, big experience 👍

Anand Kamath:
I started working on Blockchain in 2017. Have been working with various blockchain companies.

Luis Merino 🇪🇸 | Satoshi Club:
2017! Same as me 😄

Anand Kamath:
Have built and deployed the token contract for so many projects.

Mary | Satoshi Club:
Could you name some of them? Or it’s a secret?

Luis Merino 🇪🇸 | Satoshi Club:
👏

Anand Kamath:
Definitely secret. As I was working as Services DEV shop.

Mary | Satoshi Club:
Got it👍

Mary | Satoshi Club:
how did you start with DeFi Wizard?

Anand Kamath:
As I have been working on more and more crypto projects, I have been doing lots of recurring work.

So I decided to come up with the command-line tool for myself to reduce the work.

Initially, I came with the command-line tool.

A couple of months back we decided to build a platform for the same.

So far even with our closed beta, the response has been overwhelming.

Mary | Satoshi Club:
Yes, I see that you want to make life easier for developers and not only for them😉

Luis Merino 🇪🇸 | Satoshi Club:
😆

Anand Kamath:
Developers and also crypto teams.

Luis Merino 🇪🇸 | Satoshi Club:
That’s the point 💪

Mary | Satoshi Club:
Thank you for your intro, Anand! Do you want to add more important info or we can start with the questions from our community?😀

Anand Kamath:
We have our public sale and TGE on 1st Match

We are doing a DUOL IDO on Bounce Certified and FalconSwap;

Mary | Satoshi Club:
Double IDO🚀

Anand Kamath:
Projects who are already using DeFiWizard: https://defiwizard.xyz/projects

We published our token metrics yesterday: https://defiwizard.xyz/token

Our pricing model for the service are these: https://defiwizard.xyz/pricing

Luis Merino 🇪🇸 | Satoshi Club:
FalconSwap! We had them here too 😄

Luis Merino 🇪🇸 | Satoshi Club:
Great ones! 👏👏

Luis Merino 🇪🇸 | Satoshi Club:
Cheap prices 👀😄

Mary | Satoshi Club:
Thanks! Great info! We will have more questions about your sale in the first part! Ready for it?

Anand Kamath:
Yes.

Anand Kamath:
Bring it on!

Q1 from Telegram user @rhedd
At this moment Decentralized Finance is at the highest peak in the crypto space…But the transactions on ethereum are congested, transaction fees are taking more elevated and more soaring.., What are the things that we can wait to see for DeFiWizard to make difference to DeFi space? And what protocol or solutions does DeFi Wizard come up with to address the problems facing Decentralized Finance?

Anand Kamath:
We don’t have any solution for the gas price issues. But we have built a token bridge for Binance Smart Chain. Where the trades can happen for below dollar. Not $100 like ETH.

Done.

Luis Merino 🇪🇸 | Satoshi Club:
The token bridge is necessary at this moment 👍

Mary | Satoshi Club:
Did you count how much money an ordinary crypto company will save by using your services?

Anand Kamath:
No at the moment. But one the project called ZeroSwap got more than 10m liquidity right away on BSC

Luis Merino 🇪🇸 | Satoshi Club:
ZeroSwap are big 💪

Mary | Satoshi Club:
Yes, they were here yesterday 😂 they’re cool!

Mary | Satoshi Club:
With your help😉

Mary | Satoshi Club:
Thank you for your answers!

Luis Merino 🇪🇸 | Satoshi Club:
💪😊

Mary | Satoshi Club:
Ready to proceed?

Anand Kamath:
Yes.

Luis Merino 🇪🇸 | Satoshi Club:
Let’s go!

Luis Merino 🇪🇸 | Satoshi Club:
🚀

Q2 from Telegram user @NataliyaKil
The DeFi Wizard Public Distribution Sale IDO is launching on 1st March 2021 on Bounce and FalconSwap. In this connection, you posted a lottery on your Twitter for a spot on the Whitelist.
I have fulfilled all the conditions of the tweet and I have a question! What are my chances of getting into the Whitelist? How will the winners be determined and, in case of victory, how will you contact them? If, for some reason, the winner gives up his place, will the other lottery participants have a chance, will there be a back-up additional list?

Anand Kamath:
We will review it tomorrow and finalize the whitelists.

If the winner gives up, we will probably add it to the back-up list.

Luis Merino 🇪🇸 | Satoshi Club:
Can I still participate in that lottery? Or participation is already closed?

Anand Kamath:
It’s still open.

Luis Merino 🇪🇸 | Satoshi Club:
Can you please share the link with us? 😊

Mary | Satoshi Club:
How many people already applied? Can you tell us?

Anand Kamath:
https://medium.com/defi-wizard/defi-wizard-ido-on-bounce-falconswap-whitelist-now-open-709b03998b47

Anand Kamath:
40K users have already applied.

Mary | Satoshi Club:
Omg😂🤦🤦🤦 it’s a record 🤣

Luis Merino 🇪🇸 | Satoshi Club:
😳😳😳😳😳

Mary | Satoshi Club:
Congratulations! It’s a real success!

Luis Merino 🇪🇸 | Satoshi Club:
Yes! It’s a huge number

Mary | Satoshi Club:
Btw, when you will list on exchanges after-sale?

Anand Kamath:
We will add liquidity to uniswap on 1st.

Luis Merino 🇪🇸 | Satoshi Club:
We are near then 👀

Mary | Satoshi Club:
All who will miss the sale will be able to buy there😉

Anand Kamath:
Definitely.

Mary | Satoshi Club:]
Thanks for your answers! Ready to jump to the next question?

Anand Kamath:
Yes.

Q3 from Telegram user @Rosane1a8
Defi wizard works as a dashboard to build DeFi smart contracts with a few clicks, probably easier than ever. The idea of making the development of SM more simple will definitely bring more people to deploy their ideas with blockchain technology, but how much knowledge is required, at least as a minimal, to build a DeFi Smart Contract in DeFi Wizard? If it is so easy to make one, does it mean that the functions or efficiency of the SM are limited to make it easier to deploy and use?

Anand Kamath:
Definitely yes.

Luis Merino 🇪🇸 | Satoshi Club:
No one will stay with empty hands 🚀

Mary | Satoshi Club:
If I will apply for your services will I get a fully working product in the end?

Anand Kamath:
Yes.

We will give the code and instructions for deployment and white-labeled UI/UX dApp.

Mary | Satoshi Club:
Great! What is the price for these full services? Do you make a discount if a project wants to take the full package?😉

Anand Kamath:
We don’t have any discounts planned. We plan to have refferral model

Mary | Satoshi Club:
It’s also very attractive 👍

Mary | Satoshi Club:
Thank you! Do you want to add something or we can go to the next question?

Anand Kamath:
Next question.

Q4 from Telegram user @borysfireball
It was interesting to read about DeFi Wizard DeFi dApps building system. I was touched by the issue of audits of smart contracts and there was a certain dissonance. While you write that your smart contracts are audited you won’t provide any auditing report after making the nessesary changes related to the project. I’m interested – who will make these necessary changes? You or the project? If you, why don’t you provide an auditing report. If the project, then what’s the point of this, if immediately at the exit the security of the contract is questioned.

Anand Kamath:
Changes done by the platform.

We make changes to audited base-smart contracts.

We will run all the tests against the changed code to make sure nothing has broken.

For example, token contracts need changes in supply, decimals, symbols. For changing these params we don’t need another audit.

Mary | Satoshi Club:
It’s logical. But why do you recommend doing an audit after this?

It will be like a second audit. And, of course, it’s additional expenses.

Luis Merino 🇪🇸 | Satoshi Club:
Great question, QuestionMary 👀

Mary | Satoshi Club:
Ahaha

Luis Merino 🇪🇸 | Satoshi Club:
😆

Anand Kamath:
Yes. I wanted to eliminate this case of auditing the audited code.

It’s of no-use.

There are 100000s of Smart Contracts already verified on etherscan.

There is no complex changes involved.

Luis Merino 🇪🇸 | Satoshi Club:
Just a few… 😂

Anand Kamath:
99% of contracts use OpenZepplin. Which has been audited at least 50 times so far.

Mary | Satoshi Club:
It’s a lot👍

Luis Merino 🇪🇸 | Satoshi Club:
OMG 😳😳

Mary | Satoshi Club:
So, in simple words, if a company didn’t request an additional audit it’s still can be recognized as secure, but without an audit report, right?

Anand Kamath:
Yes.

Mary | Satoshi Club:
Great! Noted😀

Anand Kamat:
We should audit the protocols not the common smart contracts like token, staking, yeild farming, etc.

Mary | Satoshi Club:
Gotcha 👍

Ready to proceed?

Luis Merino 🇪🇸 | Satoshi Club:
Totally agree! 😊

Luis Merino 🇪🇸 | Satoshi Club:
Q5 is coming…

Q5 from Telegram user @meml97
I read that DeFi Wizard currently supports Ethereum, Binance Smart Chain, xDAI, Matic, Elrond. Do you have plans on adding more blockchains to your support list? I noticed that you don’t support Polkadot, Cosmos or Huobi that are other big blockchains. Any specific reason why you don’t? Do you have plans on supporting them too? If so, when will we see it happening?

Luis Merino 🇪🇸 | Satoshi Club:
Great question 👀

Anand Kamath:
We are concentrating more on EVM-based chains and Elrond for now.

We will definitely build a bridge for Polkadot and Cosmos.

Mary | Satoshi Club:
Do you have any terms for this? Or you concentrating on another aspects now?

Luis Merino 🇪🇸 | Satoshi Club:
When do you plan to build them?

Anand Kamath:
Next quarter.

We are launching our first platform on March 10th

Mary | Satoshi Club:
Almost here😀

We will be waiting for this event 🚀

Thank you, Anand! And we have just the 6th and the last question from this part left 😀

Anand Kamath:
Sure.

Q6 from Telegram user @Wormz28
To strengthen the adoption and accelerate the community growth, what will DeFiWizard plans or ways to rewards and benefits the LPs and your token holders? Also who is eligible to receive rewards in the platform and how can users buy your $DWZ Token?

Anand Kamath:
We are definitely planning to share the revenue with DWZ holders.

60% of revenue from Platform goes to Treasury.
25% of revenue would be distributed to DWZ holders.
15% of revenue would be burned every month.

We have a buy back and burn mechanism

Mary | Satoshi Club:
Will holders need to claim these 25% rewards or you will send them directly to their wallets?

Anand Kamath:
Claiming.

Mary | Satoshi Club:
Got it😉 thanks!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @MagdaCV
On their website they say that it is possible to create smart contracts and tokens in a few simple clicks, is it really that easy? And if so these are not more prone to hacks? Developing something that lasts takes time.

Anand Kamath:
That’s the biggest problem we are trying to solve.

Q2 from Telegram user @Joseunda
What is the procedure to create a DeFi project through the DeFi Wizard?

Anand Kamath:
Choose what you want to create, pay $DWZ, and download the contracts and documentation for deployment.

Q3 from Telegram user @moe_808
Can you explain your Tokenomics are distributed? How much is the total supply?

Anand Kamath:
https://defiwizard.xyz/token

Q4 from Telegram user @lzamg
DeFi Wizard offers a wide range of services for building DeFi projects from zero, but I would like to know if you also offer the possibility of executing projects’ token sales or maybe crowdfunding? If not, have you thought about including this type of service?

Anand Kamath:
We are definitely planning to come up with a crowd-funding template.

We will release this by end of March.

Q5 from Telegram user @DiegoRME
How is your DWZ supply distributed? Can you show me your token distribution?

Anand Kamath:
https://defiwizard.xyz/token

Q6 from Telegram user @NataliyaKil
Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork. How important was the recently concluded fundraising round for Defi Wizard? What other sources of income do you attract to develop Defi Wizard?

Anand Kamath:
We have a constant revenue model.

https://defiwizard.xyz/pricing

Q7 from Telegram user @Pratze
I read that Defi Wizard has Staking program and Yield Farm, can you please introduce to us how are your stake system work? and how is the calculation reward that staker will get?

Anand Kamath:
https://defiwizard.xyz/projects

Q8 from Telegram user @niko518
Do You plan to migrate from ETH to BSC? how it will be helpful to projects that will be launching on BSC?

Anand Kamath:
Yes. We will have both ETH and BSC tokens. Trading on BSC is -99% cheaper.

Q9 from Telegram user @JoanaZ
There is necessary for the developers or owner of a project, pass a KYC model before using your smart contract Creator tool?

Anand Kamath:
No KYC required. It would be a trustless system.

Q10 from Telegram user @Mamberr0y
What is the development status of the ETH-BSC bridge and can projects move their assets from ETH to BSC?

Anand Kamath:
We already have 2 projects using it on production ZeroSwap and one more confidential. We have 10 more projects already signed up.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Defi Wizard. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru
Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners:
Defi Wizard Telegram community:  https://t.me/defi_wizard

We are pleased to announce our next AMA on March 11th 2021 at 02:00 PM UTC Time: Satoshi Club x DeHive Finance

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DeHive Finance Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DeHive Finance Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about DeHive Finance

For more details:
DeHive Finance – @DeHive_chat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on March 2nd 2021 at 02:00 PM UTC Time: Satoshi Club x Kylin Network

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Kylin Network Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Kylin Network Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Kylin Network

For more details:
Kylin Network – @KylinOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on March 1st, 2021 at 02:00 PM UTC Time: Satoshi Club x Blank

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

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

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Blank Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Blank

For more details:
Blank – @blankwallet
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 Digital Fitness and our guest was Kevin | 360Wellness, the Chief Digital Officer and Crypto Lead of ‘Digital Fitness’ $DEFIT, and Denis CDO | 360Wellness, founder and CEO of 360Wellness. The AMA took place on 26 February.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

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

Part 1 — introduction and questions from the Telegram&WebSite

Luis Merino 🇪🇸 | Satoshi Club:
Hello everyone and welcome to another AMA session with Satoshi Club. Today our guests are from Digital Fitness.
@ataraxia360, @playza23 welcome! Feel like at home 😉

Kevin | 360Wellness:
We already do! Thank you and glad to be here with you.

Denis CDO | 360Wellness:
Great to be here and thanks for setting this up! We are excited.

Mary | Satoshi Club:
Let’s start with an introduction 😀 Please, introduce yourself to our community and of course Digital Fitness #DEFIT!

Denis CDO | 360Wellness:
Cool, I’m Denis, the Chief Digital Officer and Crypto Lead of ‘Digital Fitness’ $DEFIT – (360Wellness is our Parent Company).

My background is in Social Media with over 11+ years of experience in the sector with digital content creation and marketing initiatives with a leading SML firm based in Singapore. I’ve been in Crypto since early 2017 and stopped my job back then to fulfill this passion. Kevin and I were close flatmates in Singapore and we did training in Triathlon and Weight Lifting.

Kevin | 360Wellness:
And here I am. My name is Kevin, founder and CEO of 360Wellness.

I’m French but moved to Singapore in 2013 where I lived for 7 years as Head of Product Management and Engineering for the Asia Pacific region.
Worked 12 years for the 2nd largest Automotive parts manufacturer, a German Company named ZF until I resigned to found 360Wellness. Sport has always been there in my life and besides my career, I got hooked on triathlon a few years ago and became a competitive Ironman Athlete. So naturally started to coach athletes remotely which led me to this company project. Building a decentralized fitness platform and wellness community. By the people for the people.

So what’s more natural to have our own decentralized currency and Denis came into the picture to create with me $DEFIT. And here we are today 🙂

Luis Merino 🇪🇸 | Satoshi Club:
Isn’t difficult to coach athletes remotely?

Kevin | 360Wellness:
Absolutely not. I myself had a coach building and uploading my training plans into an app I used back then.

Mary | Satoshi Club:
It’s really something new, I saw a lot of projects here, but nothing compared with Digital Fitness 😀

Denis CDO | 360Wellness:
Yes, the live class integration with Crypto hasn’t happened yet! At least from what we can see.

Mary | Satoshi Club:
What is the main concept behind Digital Fitness?

Denis CDO | 360Wellness:
Yes, that is true, however, we already have the mobile app developed, not many projects in Cryptocurrency have something built before the coin sale.

Kevin | 360Wellness:
So that’s a good one. Over the years I’ve been very close as you can imagine to many athletes and coaches. I raced 16 Ironmans in the last 5 years. Well before the pandemic started. And came to realize how millions of endurance coaches, Freelance instructors for Fitness, Yoga, etc struggle to build and grow their businesses. They’re not really tech nor marketing savvy. So we decided to build the ultimate platform for them to do that.

Denis CDO | 360Wellness:
It’s not only Kevin and me on the project but we have 4 core teams and a couple extended. On top of that, we are working with 3 Tech Teams now, 2 are shown, and just got our first major PR firm onboarded today.

Kevin | 360Wellness:
We got two full-time tech teams working on our mobile and web applications. And many more partners for $DEFIT who will be supporting us. But can’t really disclose everything so soon, can we? 😜

Mary | Satoshi Club:
We like hints and secrets here😀

Kevin | 360Wellness:
Yes, imagine. A large crypto influencer today has what? 100,000 subscribers on Youtube? Imagine tomorrow Fitness influencers above 1M followers holding and shilling $DEFIT.

Denis CDO | 360Wellness:
Yes we’ve got 2 main parts on why we’ve brought our project over onto the blockchain, they are:

1. Bringing the large fitness influencers onto the blockchain and rewarding our community for the achievement of their goals. It’s time to bridge the gap between the two as crypto is becoming more mainstream. It’s the perfect time for it.
2. The gamification of the app is a major part of what we have planned to build as well. We have seen how many benefits users and coaches will be able to get from all the token uses.

Kevin | 360Wellness:
We got a great designer indeed. Few more packs in the making 😉 We love to create!

You know sometimes it’s just about being at the right place at the right time. I’ve quit my job to found 360Wellness in late 2019.
When the pandemic came we had our full project specs done, UI/UX completed, and a team of 5 software engineers full time. So we kinda go ahead, start over everyone shifting to online fitness massively.

Luis Merino 🇪🇸 | Satoshi Club:
Kevin, Denis, are you ready to start with our amazing community questions? 😉

Kevin | 360Wellness:
Sure! Bring it on.

Mary | Satoshi Club:
Q1 from Telegram user @meml97
On your app, you have these classes we can take, but we have to pay for every one of them. Do you have plans on adding free classes to your app? Also, on your web it says that our progress will be checked through these classes, are they the only way to have stats and an evolution track on your app?

Kevin | 360Wellness:
Yes, our product concept is fully decentralized which means that every trainer can get this digital space to exist by themselves within our ecosystem and build their client base and sell their services. It’s a pay-as-you-go model. Our end goal as the number of participants increase is to bring the cost per pax down to as low as 0.50cents. Some trainers we talk to today have 1,800 participants to their live classes on IG. Imagine everyone paying 50 cents…Making it affordable to everyone via the scalability of online. Today every live class has preset wellness benefits added to your tracker. We are now working on connected wearables integration which means you can sync your Garmin, Suunto, Polar, Fitbit devices as well. Get everything in one place 😉

Mary | Satoshi Club:
I just downloaded your app, can you give me advice on how I should start to use it?😉

Kevin | 360Wellness:
The average price today for the last 4 months is at 7.5USD. The more participants we get the lower the price will go. I want it to become 50cents per participant! 1,000 participants for one public live class will bring 500USD to the coach. Good for him, affordable for the community.

Denis CDO | 360Wellness:
So you’ll be able to add not only through the connected wearables and live classes the activities you are doing but also manually too.

Let’s go into Nutrition now. Since we have 4 parts, Fitness, Nutrition, Recovery and Feel. Always great to prepare for that time and cut down the food intake! This one is quite important, not many fitness apps have this where you can track your emotions and wellness too. It’s like your own personal weekly diary of emotions. Very powerful when you have a bad day and look back in the week with many awesome days of emotions!

Kevin | 360Wellness:
Keeping emotions in check is the first time towards mindfulness and the overall inner balance we aim to promote.

Luis Merino 🇪🇸 | Satoshi Club:
Btw, is it possible for me to register as a coach?

Kevin | 360Wellness:
Haha. Good question. I was waiting for that one. We only got onboard 30 trainers last September to run the soft launch until now.
But we will launch our web app in March wherefrom the website (our brand new website coming up on March 10th) Every professional can access the web application to create their company and team of instructors.

The waiting list has been growing ever since but we’ve been focused on building the foundations and validating our business model and technology up to now. But sales and marketing campaign starting in April 😉

Mary | Satoshi Club:
Q2 from Telegram user @JesusFre1tes
One of the most important elements to drive new resurgent platforms is Marketing. What marketing strategies have DigitalFitness used to drive its decentralized business model? I read that your base of operations is located in Singapore, one of the world’s financial epicenters, what benefits has this brought to your platform? Do you plan to expand outside the Asian markets?

Kevin | 360Wellness:
Our teams are working remotely across 12 locations. South East Asia is our most strategic focus for this year as it represents a 670M population and very lean in the audience, early adopters of new technologies and quite an uncompetitive market with no local big player in the space, unlike USA, India or China. So establishing ourselves as the online fitness company in SEA is priority one before aggressively rolling out globally.

Denis CDO | 360Wellness:
Yes, our base of operations is in Singapore and we have already been recognized for our efforts with the following award!

Over 600 companies from Asia were a part of this competition and we came out on top in all categories! A lot of work was done to get there and we are happy to have been awarded this prestigious achievement. This has helped us get recognized for our marketing initiatives too.

Mary | Satoshi Club:
How many users do you currently have?

Kevin | 360Wellness:
We are close to hitting the 3,000 marks.

We also attended the APAC FIT SUMMIT. Quite a humbling experience being there sitting at the table next to the greatest names in the Industry like Classpass, Mindbody, etc…These are over $1B companies so being there and acknowledged and praised for our product concept was amazing.

Luis Merino 🇪🇸 | Satoshi Club:
Btw, when opening the app, I am asked for permission to use my GPS, what is its use?

Kevin | 360Wellness:
Go to your calendar and you will see your location and integrated weather forecast. It’s just for that reason and updating all the live class time according to where you are. We are very strict user privacy policy and GPDR compliant from start. Never ever we will sell our user data. You have my word here. Our business model allows so many monetization strategies that we don’t need to sell data. This is one of our core principles since the start.

Oh, by the way. We recently started to reach out to brands for partnerships. We got a few we can share with you to get a 30% discount using the 360wellness promo code. In case you are interested.

Mary | Satoshi Club:
Q3 from Telegram User @lzamg
360Wellness has partnered with several health and fitness professionals, so I would like to know if it’s possible for independent health professionals to be part of your project and contribute as an instructor or nutritionist? If you are open to that, what would be the requirements to be part of the 360Wellness team?

Kevin | 360Wellness:
We got our early adopters in September. The objective was to keep it a small community to test and approve the platform. Identify their needs. Collect as much feedback as possible from them and give them a head start.
But from April onwards we will welcome everyone. There will be a process to follow from our website and upon validation, you’ll be live on the platform.

The web app has a growth hacking module that lets coaches sync all their social accounts to invite in mass their community to come over. Converting unknown fans into identified users and building an awesome wellness community 🙂 And yes we have a social wall coming as well with no BS algorithms. Remember IG in the good old times?

Denis CDO | 360Wellness:
Yes, we are going to be fair and even let more people who don’t have much reach get featured on our platform. Here is to giving value to the little guys!

Kevin | 360Wellness:
So happy to welcome you from April onwards and help you build and grow your business 😉

Mary | Satoshi Club:
And now we’re back to this question 😉

Kevin | 360Wellness:
Fitness apparel or swimwear?

Mary | Satoshi Club:
First fitness😉

Kevin | 360Wellness:
https://fitty.store/
Fitness wear for women 🙂
Use 360Wellness when checking out to enjoy a 30% promo code. Let me tell you a bit more about why we do this. I documented my triathlon journey on Instagram and grew up to 12K followers.

I was constantly reached out to by brands offering me ambassador or sponsoring deals. And I thought hold on a second. If I can get 50% off brands with 12K followers on IG, what if tomorrow we have a community of 1M sport and fitness enthusiasts? So here we go. Small brands can’t exist with big ones spending millions on marketing. Making 80% gross margin to fund huge marketing campaigns.

So it’s a fair deal to tell the brands to partner up with us, we give a discount to our communities, take a commission and promote your brand to our community for free. WIN-WIN for everyone. Power of the community combining purchasing power.

Mary | Satoshi Club:
And what about swimwear?😉 Summer is near!

Kevin | 360Wellness:
Then this is the one you need for this summer:
https://swozzi.com/
360wellness promo code for 30% discount. This Australian swimwear brand is used by Aussie Olympians and the owner is a fantastic and inspiring lady! She does triathlon too that’s how we know each other.

Denis CDO | 360Wellness:
Here are some benefits coming for user tier levels!

Kevin | 360Wellness:
But you gotta have to deserve it once we launch $DEFIT 😉

Mary | Satoshi Club:
Q4 from Telegram User @victorogb
It’s really interesting and innovative to see how the team has been able to perfectly combine fitness, wellness, and Defi all within one ecosystem. Having this in mind, how do you tend to keep or encourage your clients and customers who have signed up to your service to diligently maintain their fitness and wellness regime or program while taking full advantage of the DeFi opportunities of your project?

Kevin | 360Wellness:
So our wellness tracker, which we’ve tried to build in a way that doesn’t require too much manual input so people don’t do it, but requires enough so we can make sense of it and guide people (Trust me Cyril our CPO and sports scientist doesn’t compromise on meaningful recommendations scientifically sound). Encourage people to stay accountable. Then who doesn’t love rewards to stay motivated? Here DEFIT comes into the picture with our fully evolutive NFTS based on your own wellness journey characteristics.

Denis CDO | 360Wellness:
So yes the NFT’s can be an integral part of how people will evolve in their own fitness journey.

Mary | Satoshi Club:
Really, are you talking about nonfungible tokens?)

Denis CDO | 360Wellness:
They can start off as a 28-year-old male newbie in the fitness space based on a noobie NFT and evolve into a muscular and fit instructor over their journey. This can be highlighted with the NFT and it evolving along the way too.

There are other ways as well based on the achievements you get from doing the parts of the tracker related to the coin such as reaching certain goals and getting rewarded. On top of that, we have other ways to encourage people to stay with us such as top 10 participants of live classes and reach their goals.

Here are some added benefits as well, we thought it would be great to reward top holders, give quarterly Bitcoin airdrops (everyone knows about Bitcoin) to bring the masses onto the app, and also do our buyback and burn. We wanted to make sure the masses come over because of the name of the Bitcoin, then they can learn more about DEFIT. Bitcoin will always be the gateway name as many people know about it.

Kevin | 360Wellness:
You got an exclusivity here by the way.

Denis CDO | 360Wellness:
Yes, we got a great sales launchpad partner. One of the best to work with for doing the tokenomics.

Mary | Satoshi Club:
Team tokens will be locked?

Denis CDO | 360Wellness:
Yes, 1 Year and 1 more year Vesting as well.

Mary | Satoshi Club:
Q5 from Telegram user @KevSalom
One of the things that caught my attention about your application was the tracking of emotions through what you called Feel Index. Explain to us how this works… Based on what data, background or formulas can you estimate a person’s emotional well-being and generate reports and all that? I’m very curious, does it work, has it been tested?

Kevin | 360Wellness:
We are actually not measuring one well being. But we’re helping one to identify and classify his emotions by categories. You know Life is 10% of what happens to you and 90% of how you react to it.

Denis CDO | 360Wellness:
I’m bringing in reinforcements for this question! Bare with me as I get an answer from our Chief Product Officer, as he is the brain as well behind the emotion tracker.

From Cyril: The feel report is a mix between scientific-based research (eg, the POMS score = Profile of Mood State) and empirical-based findings from scientists.

We’ve gathered both to make a unique assessment of the user, including 40 items (30 positively orientated, 10 negatively orientated) that he can easily fill to get a daily self-compared evaluation.

Kevin | 360Wellness:
Having this info though helps us to help you identify patterns. E.g. increasing training load resulting in shifting emotions as we noticed in the past etc.
Or neglecting sleep tends to negatively affect you emotionally etc…

Denis CDO | 360Wellness:
Yes, we wanted to push the positive emotions in our app, we think having more of those options can help with wellness and moving people in the right direction too.

Mary | Satoshi Club:
So, each user will be able to check this index himself?

Kevin | 360Wellness:
Absolutely right. And you may have noticed the in-app messaging system at the bottom of the main screen that you can swipe up? Every day Cyril is sending carefully selected educational content and wellness tips to our users. Over time we are aiming to personalize these recommendations more and more based on each individual. E.g. life stage (pregnancy etc..) Gender etc. Talking AI is non-sense with 3,000 users.

But Definitely going into this direction once we hit a million users next year to help reduce Cyril workload through machine learning 😅

Mary | Satoshi Club:
Which will be the requirements for it?

Denis CDO | 360Wellness:
Yes, so we are going for a 1,152,000 USDT raise. We are having 3 rounds, Angel, Private and public round. Angel and Private will come at the same time end of Q3, Public will follow shortly after. We have 2 Launchpad Sales Partners who are both Mid-Capped and well-known names in the Crypto space.

Luis Merino 🇪🇸 | Satoshi Club:
Can we know who are they? Or not yet? 😅

Denis CDO | 360Wellness:
They would like us to keep it a secret until closer to the date of the sale…so you’ll have to stay tuned.

Kevin | 360Wellness:
And we’ll leave them the honor of the announcement

Denis CDO | 360Wellness:
Even though we can’t share this information, it is not too far off at the end of March!

Kevin | 360Wellness:
We definitely won’t miss doing that. Large token allocation to the sale, low market cap, I was told it sells like hotcakes.

Denis CDO | 360Wellness:
One part I can share which is quite important is we are going to be an ERC-20 token to start but will want to integrate to either the Binance Smart Chain or Polkadot.

As we scale up and our goal is to get to 1 million users by late 2022 which we believe is possible based on attracting all the coaches and them bringing their users on board we have to make sure the gas issues on ETH don’t come so we are looking at alternatives to integrate at the least. We can definitely have that planned as you’re the first AMA we are doing.

Kevin | 360Wellness:
Sounds great. Quite a small raise relatively compare to some other projects. We’ve raised successfully our seed-round funding on equity and our platform is already live so you know, the value of $DEFIT in our ecosystem is what truly matters to us now. Can’t make the live class price at 50 cents and make you pay 10USD for the gas fee.

Mary | Satoshi Club:
Q6 from Telegram User @atrine12
Will your app stay free? Your app is only for coaches and those who follow Do you believe in your team and the progress of this project? How do you want it to last among the bigger projects? This is guaranteed.

Kevin | 360Wellness:
YES and YES. I believe no one should be paying for data analytics. And our goal is to empower wellness for everyone. Membership free no commitment pay as you go.

So once you pay for the coaching services you consume but not for tracking your wellness. It’s also membership-free for coaches unlike all other platforms out there. Removing all entry barriers to those who don’t want to pay upfront. We are 100% commission-based. Coach success is ours.

I left my job 1.5 years ago and full-time on 360Wellness ever since. I would be a fool if I didn’t believe in the enormous potential of this project. And we have what it takes to make it happen. Ideas are cheap. Execution is key.

Mary | Satoshi Club:
NFTS Roll Out. What is this?

Kevin | 360Wellness:
Our investor NFTs will come earlier. This is referring to how we gonna gamify the app even further by creating unique and evolutive NFTs for coaches and Users.

Imagine you start your journey with a basic one. And depending on your own journey, whether you are more into running with your connected device, or Yoga live class or meditation you collect unique features that evolve the character 😍 One that’s you.

See this as a spiderweb with multiple routes you could take on your journey

Denis CDO | 360Wellness:
Yes, and we just got an amazing idea today about if you’re upgrading your NFT to certain levels you’ll get exclusive classes to top instructors 1 on 1 or privilege’s as well. So you’re doing your best to get to those next NFT levels.

Mary | Satoshi Club:
I feel, that we can talk here more and more, but I know that our members are waiting with their questions ready for the live part😉

Denis CDO | 360Wellness:
Yes, sure let’s proceed.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Gutierrez04

I understand that Digital Fitness has INTEGRATED LIVE CLASSES, but will they really be available at all hours? How many people can be connected in a single session? and the facilitators are fully trained and specialized in Life Fitness?

Kevin | 360Wellness:
Yes absolutely as we will have trainers across all time zones so classes at any time of the day and night for shift workers. We only have now what we call public live classes with an unlimited number of participants. With the upcoming web-app through Trainers will be able to set limited seat number for some to deliver great attention and feedback or even offer one on one coaching online. When a trainer submits via our web app a company registration we will run due diligence before approving and publishing them.

Q2 from Telegram user @ Joxes | C R Y P T O W A V E

Your project offers authentic live classes, can these classes be private or can they also be directed to a group of people such as a session or class in Zoom would be?

Denis CDO | 360Wellness:
Yes, they can be both private 1 on 1 sessions, Trainers can plan for that in the app as well as with large groups of people. You can also turn off your camera if you want to stay private in the group sessions and be anonymous.

Q3 from Telegram user @ 💛💚Blanca💙 ❤️

This project on which blockchain is running, on Ethereum? or what do you think about using blockchains that allow easy interaction with users (low costs)?

Denis CDO | 360Wellness:
Yes, it will start on the ERC-20 standard but we will be integrating other blockchains with it most likely Polkadot or Binance Smart Chain since we understand that the gas fees are a tremendous pain to anyone using the Ethereum blockchain.

Q4 from Telegram user @ Centos Manager

Do you have a smart contract for the 360Wellness project and are you auditing it regularly for increasing the security of the ecosystem?

Denis CDO | 360Wellness:
Yes, we have a smart contract that our Sales Launchpad partner has built. It is also mandatory to do an audit with them to ensure that the smart contract is rug-proof.

Q5 from Telegram user @ Sofía Isla

You say that 360Wellness is the world’s first wellness habit tracker that allows you to record and analyze everything in one place. How does 360Wellness achieve all this? What other benefits does the app offer me? @ataraxia360 @playza23

Kevin | 360Wellness:
That’s where it all started. As an endurance athlete, I started using apps to track my training load, intensity, Heart rate variability, power, etc.
Then progress gets harder and you need to optimize everything in your life to make gains. So looking into nutrition I had to download my fitness pal, then Sleep cycle, Calm, etc…and I thought I wish I could get all of this in one place to connect the dots and understand the correlation between all these data. The idea to create a 360Wellness tracker was born. And there was a reason why nobody had done it 😅 We finally found the perfect UI/UX combination to bring it to life 🙂

Q6 from Telegram user @ Emon Musk

How you compete with other token project projects. considering that now there are many tokens launching and competing to be famous in attracting investors?

Denis CDO | 360Wellness:
We are the 2nd coin to be launched on one of the partner sales launchpads and not only that but these 2 mid-cap big coins have picked us so we have an advantage over many other projects out there going into our sale!

Q7 from Telegram user @ Super Ronaldo

Your team looks great and very dynamic but how do you plan that you can get people’s investments and trust?

Kevin | 360Wellness:
Thank you for the kind words and appreciation. Building trust is what we do best 😉 We’ve lined up amazing partnerships with some of the best launchpads, influencers/promoters, etc. This is only the first of many events coming up in the next few weeks. By the way, do you know Nick Littlehales? The man who taught Cristiano Ronaldo how to sleep. He was live on 360Wellness to teach us how to improve our sleep quality 2 months ago. Check him out on google, we will bring him back for another session 😉

Q8 from Telegram user @ Jacob

You kicking off your advertising campaign about $DEFIT without a new “Digital Fitness” website that explains the changes or blog that we can read to know what are the $Defit use cases and the benefit of buying it. Why the rush on promoting $DEFIT without materials to be presented?

Denis CDO | 360Wellness:
Yes, you are correct, just for you, we will share this secret. We are going live next week with the brand new revamped website which includes the DEFIT Landing page! Stay tuned for that as we’ve been working for months to make sure it is ready before our sale.

Q9 from Telegram user @ Marian Merheb

🧨 On your classes section in your app, I only saw Kpop fitness, fitness dance and Zumba. Basically, only dancing classes, do you have plans to add more dancing classes (like a salsa class) and have only dances, or do you have plans to add more types of exercises like TRX, CrossFit, Step?

Kevin | 360Wellness:
Yes absolutely. As we mentioned we’ve operated with a restricted amount of trainers from Singapore only in the last 4 months. We got big announcements in the next weeks with a group of 20 trainers specialized in Yoga, Meditation, HIIT, etc…waiting for us bring them on. But we had to get the foundations right first before expanding. Our goal? 5,000 trainers by the end of the year and we got a plan to get there!

Q10 from Telegram user @ Mr.Lonely

I have been waiting to join for token sale so when will it be available for the public? I also want to know the requirements to join your sale? How confident are you to raise 1,152,000 USDT? Is it a milestone?

Denis CDO | 360Wellness:
Yes, there are 3 rounds, Angel, Private and Public. Angel and Private will be exclusively for our Launchpad partners but there are ways of getting into the private with certain criteria. We can’t share at this moment but stay tuned coming into mid-March when those details come!

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

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

Our partners:

IOS 👇🏼
https://www.360wellness.io/ios

Android 👇🏼
https://360wellness.io/android

💡Also check out our Telegram Group, Announcements Channel, Website and other social media channels and follow if you haven’t yet👇🏼

💎Telegram Group
@app360wellness

💎Announcements Channel
https://t.me/mobileapp360wellnessann

💎Website
360Wellness.io

💎Twitter
https://twitter.com/360wellnessapp

💎Facebook
https://www.facebook.com/360wellness.io

💎Instagram
https://www.instagram.com/360wellness.io

💎Linkedin
https://www.linkedin.com/company/360wellness

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 ZeroSwap and our guest was Aayushi | ZeroSwap – @a17jain and Gaurang Desai – @iamgaurangdesai. The AMA took place on 26 February.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

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

Part 1 — introduction and questions from the Telegram&WebSite

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

D. | Satoshi Club:
@a17jain @iamgaurangdesai please tell Satoshi Club a bit about yourselves 😊

Aayushi | ZeroSwap:
Hi, I have been building ZeroSwap for almost a year now, we did our TGE back in Oct 2020, I am in the crypto space since 2017, and have helped shape a couple of products.

Gaurang Desai:
Have been in the crypto space since 2017, been a Marketer for 7+ years, Now I head Marketing at Zeroswap.

D. | Satoshi Club:
Q1 from Telegram user @KevSalom
It’s been about 4 months since ZeroSwap was with us at Satoshi Club, for sure some interesting things have happened in the project. Please update us, so far this year, on what things have you advanced? According to your roadmap for this Q1 you will be working on the ETH to BSC bridge, the LP Rewards on Ethereum and BSC, the ZEE $ stake contracts and the ZeeDO Launch…. What stage are you at with each of these items? Any major partnerships during this time?

Aayushi | ZeroSwap:
We have launched the ETH to BSC bridge, LP Rewards on Uniswap and Pancakeswap are live, $ZEE staking contract and ZeeDO are not live yet, we were facing some blockers on ethereum gas, now just giving things a final touch, and will launch either today or max by tomorrow.

D. | Satoshi Club:
And I assume on Uni gas fees will eat up all your profit. so it’s better to use pancakeswap😄

Gaurang Desai:
That’s true.

D. | Satoshi Club:
Q2 from Telegram user @Highpee
ZeroSwap’s DEX Offering, ZeeDO, is introducing NFTs into token distribution and you have two NFTs which are Proof of Participation NFT (POP NFT) and Proof of Winning NFT (POW NFT). I really want to learn how this will work. It is said that once a user applies to participate in Token Offering, he is issued with POP NFT but not all who get the POP NFT will eventually receive the POW NFT which is used to receive the distributed Tokens. So how do you select users who get POW NFT? What will happen to the POP NFT received by a user who doesn’t get the POW NFT? Will it have other utility within the Zeroswap Protocol and will it still be valid for subsequent distribution events?

Aayushi | ZeroSwap:
We will select users, by using a VRF, that is a random function will pick proof of winning NFT from proof of participation NFT. This would be all transparent and trustless.

Mary | Satoshi Club:
These NFTs will be tradable?

Aayushi | ZeroSwap:
Yes, users can trade on OTC. Or trade on any platform where the underline token is in demand.

Mary | Satoshi Club:
Which utilities they have?

Aayushi | ZeroSwap:
These NFT will be backed to the token which is distributed. Say there is a satoshi token, and Mary won the proof of winning NFT. And if she wants to sell this NFT on OTC. She can sell it to serge or anyone who wants to buy it, because mary was lucky to win the NFT of satoshi token.

D. | Satoshi Club:
Q3 from Telegram user @Luisz2210
ZeroSwap is currently facing some difficulties in deploying the staking contract on the main-net due to ETH congestion and gas fees, can you give a list of all the hurdles you have been encountering concerning this issue?

Aayushi | ZeroSwap:
So the gas fee is one, we have to deploy the dual contract, second, we are multi-chain IDO, so we need a random function on BSC as well, currently, we partnered with chainlink so they are providing VRF for Ethereum. For BSC we will build our own solution.

Mary | Satoshi Club:
What is your personal opinion can Bsc face gas fees problems also, btw?

Aayushi | ZeroSwap:
No.

D. | Satoshi Club:
Because they are working differently, compared to Eth and thus BSc will never face the problem of high fees?

Aayushi | ZeroSwap:
Scalability issues can arise in any chain, but as of now, it looks good. I asked for today’s ama the rewards would be distributed in $ZEE BEP20, so easy for us to send tokens.

D. | Satoshi Club:
Q4 from Telegram user @meml97
When you said you are developer-friendly, you talked about something called ZeeSuite, but looking for it on your website, I couldn’t find it anywhere else. Could you tell us what this ZeeSuite is and how will make Zeroswap more friendly to developers? Will only be developer-friendly or will it be something that is easy to use for every user on Zeroswap?

Aayushi | ZeroSwap:
When dev wants to build any Defi app, they need an exchange functionality. With zeesuite, users will be able to integrate Defi blue-chip tokens, in their app and easily provide access to tokens, without worrying over gas fees or trade fees.

Mary | Satoshi Club:
Is ZeeSuite already live?

Aayushi | ZeroSwap:
No.

Mary | Satoshi Club:
When do you expect it to be available for the developers?

Aayushi | ZeroSwap:
In Q3. In Q2 we will launch our own protocol, and then create a zee suite.

D. | Satoshi Club:
Q5 from Telegram user @AmirJosh
For the first 3 IDO projects, each user who takes a minimum of 100 $ZEE will be eligible to participate. After that next companies will decide a minimum of $ZEE to stake. What if the company set the minimum at 1 $ZEE? Will you reject or accept it as you give them the liberty to decide the number of tokens to stake?

Gaurang Desai:
We shall still accept it, but there no point staking 1 ZEE at any giving point of time as it not gonna help them.

Mary | Satoshi Club:
When first IDOs or you already had them?

Gaurang Desai:
We gonna announce it soon.
Do keep 👀 on https://t.me/ZeroSwap_ANN

D. | Satoshi Club:
Q6 from Telegram user @Wormz28
At the last part of your Roadmap, I’ve read about your Strategic Partnerships. We all know that one of the ways cryptocurrencies and crypto projects will succeed is through the creation of strong products and services that are adopted by people all over the world, and to create those products and services, crypto projects will need to create the right Strategic Partnerships right? So can you share with us your plans about these Strategic Partnerships of yours and how is it going now so far?

Gaurang Desai:
Partnerships are going really well. We are currently with, Covalent, Frontier, Elrond, Diadata, Altonomy, Defi Wizards. We are exploring NFT ecosystem partnership these days for ZeeDO.

Mary | Satoshi Club:
Btw, as I know you were listed on Kucoin recently 😉 Could you tell us more about your listing campaign?

Gaurang Desai:
We are currently running a Grand Prize Pool of 30,000 ZEE with KuCoin You can check out here – https://bit.ly/3pMgiMU.

Mary | Satoshi Club:
https://twitter.com/kucoincom/status/1364889035919958016?s=19

D. | Satoshi Club:
👏Big thank you for answers in part 1! @a17jain @iamgaurangdesai. We will open the chat for 2 minutes after the chat will be closed – you can start select questions from Satoshi Сlub members! 🤩

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Johnny ℹ️🅿️

🙋‍♂️Hello. I can see that you have launched your AMBASSADORIAL PROGRAM which is known as the “ZEEROS “. I have seen that anyone who is passionate about moving the world on-chain is welcomed to join your ZeeRoes Program, but is that all that is needed? Are there particular talents or expertise that are needed? How can an interested individual get enrolled in Zeeros?

Aayushi | ZeroSwap:
We have mentioned most of our requirements on the ambassador program page.

Gaurang Desai:
Hello Johnny.
You can fill-up the form here: https://bit.ly/3qEAzFw
Please do enlighten about your skill sets, accordingly you can be part of it.

Q2 from Telegram user @ Chinthaka93| Kragx DeFi

ZEE got listed on Kucoin recently. Then what are the plans on listing on another major exchange such as Binance? Do you have any plan on listing on Binance in the future? @a17jain @iamgaurangdesai

Aayushi | ZeroSwap:
We are exploring options for much bigger exchanges.

Q3 from Telegram user @ LI

🌟Initially, ZeroSwap will support Ethereum, Binance Smart Chain, and Elrond. Will you be integrating other blockchains as time passes? What is your main goal regarding the number of chains supported? @iamgaurangdesai @a17jain

Aayushi | ZeroSwap:
Yes, we will support Pols Ava also going forward it is in our roadmap.

Q4 from Telegram user @ Mamberroi

Zero commissions and no gas transactions!!!! I love that you think so much about the users but how does ZeroSwap support itself? Where do your funds come from?

Gaurang Desai:
Well, that is done via transaction fee mining, so on Day 1 when the protocol is launched, we will bootstrap the gas from our side, later whenever there is a trade $ZEE tokens are generated and they are kept in a reserve and will be used to fund for the gas.

Now users will say this way you keep burning $ZEE and their infinite tokens, or would you mint tokens?

No, we won’t.

We will simply have utilities for $zee to keep circulating tokens in and out of the system.

Consider amazon earning revenue from services like AWS, and running an e-commerce business as a no-profit no loss, we will have enough utilities around ZEE to provide enough value and funds for gas.

Q5 from Telegram user @ Hydra z

Do you think that your work team together with your associations and alliances are trained and experienced to develop the different ZeroSwap protocols? Where can I find information about ZeroSwap’s technical team?

Aayushi | ZeroSwap:
We will make our GitHub public. Our team is entirely based in remote locations. We are highly experienced developers.

Q6 from Telegram user @ Billion Successful

Is there an amount of ZEE staking that will guarantee an allocation in ZeeDo platform?. Or everything will be lottery based

Gaurang Desa:
It’s all based on Random Lottery system.

Q7 from Telegram user @ Chinthaka93| Kragx DeFi

Is ZEE listed on pancakeswap also? Can I join the liquidity polls n pancakeswap? And what will be the rewards and APY on LP on pancakswap? @a17jain @iamgaurangdesai.

Aayushi | ZeroSwap:
APY keeps varying, right now it is 300%.

Q8 from Telegram user @ 🇻🇳K e l l y 🧧

I see a telegram group very similar to ZeroSwap, is it a fake group or is it ZeroSwap?

Gaurang Desai:
https://t.me/zeroswap – This is our actual telegram group.

Q9 from Telegram user @ Chinthaka93| Kragx DeFi

Could you please explain about ”ZeeDO – ZeroSwap Dex Token Offering Platform” Is it live now? Why have you decided to go for a Swapping platform? Because we can see so many swapping platforms recently? @a17jain @iamgaurangdesai

Aayushi | ZeroSwap:
Yes, there are many swapping platforms but most of them don’t solve fundamental problems Like gas cost and trade. We are building a DEX with a very good user experience.

Q10 from Telegram user @ Tuvalunia

When do you plan to release your services for other networks such as Polkadot, Avalanche, etc.?

Gaurang Desai:
We have the plan to partner with them within Q3.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

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

Our partners:
Telegram Community – https://t.me/ZeroSwap_ANN
https://t.me/zeroswap
Twitter – https://twitter.com/ZeroSwapLabs
Medium – https://medium.com/zeroswaplabs

PART 1. Introduction of Polkadex project and community questions.

Hello, Satoshi clubbers and guests of this site. We are happy to present you with a project called Polkadex.
Polkadex: The trading engine for web3 and Defi. A fully decentralized, peer-peer, orderbook based cryptocurrency exchange for the Defi ecosystem in Substrate.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Gold Rocket | Satoshi Club – @GoldRocket27 and Andrés M. | Satoshi Club – @AndresM77

The Representative of the project:

Gautham – @gautham_polkadex – CEO | Polkadex

Vivek Prasannan – @vivekprasannan – Executive Director.

Introduction of Polkadex project.

Andrés m. | satoshi club:

Good day everyone, welcome to a new exciting ama session 😃

Gold rocket | satoshi club:

Hello, dear satoshi clubbers!

Andrés m. | satoshi club:

Today our guests are from Polkadex an interesting project, @gautham:_Polkadex, and @vivekprasannan how are you? Welcome today

Gold rocket | satoshi club:

Welcome to satoshi club @gautham_polkadex and @vivekprasannan👋

Gautham:

Hey Andres! It’s going great! Thanks for having us 😃

Andrés m. | satoshi club:

It’s an honor to have you here with us 💪

Gautham:

Same to you!

Vivek prasannan:

Hi guys, great to be part of this!

Gold rocket | satoshi club:

We are very happy to have you here today! 😊

Vivek prasannan:

Likewise!

Andrés m. | satoshi club:

To begin the ama, could you give us an introduction about you and about Polkadex?

Gold rocket | satoshi club:

Therefore, we expect from you interesting facts about your project. 😉

Gautham:

I am Gautham, CEO and the lead engineer of Polkadex.

Polkadex is a decentralized orderbook based exchange and an AMM pool with zero transaction fees.

Vivek prasannan: – executive director.

Gautham:

Polkadex tries to improve the experience and safety of orderbook based exchanges and solves the problem of gas fees, minimized impermanent losses in our AMM pool (a.k.a Polkapool)

Andrés m. | satoshi club:

Any specific exchange or all of them?

Gautham:

People are going to centralized exchanges even when we have Uniswap and other decentralized solutions so the goal of Polkadex brings traders who currently use centralized exchanges to our decentralized orderbook based exchange while maintaining the same experience, convenience and better safety of funds!

Vivek prasannan:

It’s a project built on the substrate the same framework that powers Polkadot. It’s an application-specific blockchain with a dedicated trading engine and AMM pool.

Andrés m. | satoshi club:

Could you explain more about the AMM pool topic?

Gautham:

Yes, Polkapool or AMM in Polkadex is an extended version of the weighted constant product binary pool. Supported by chainlink oracle to minimize impermanent losses.

The main feature is the feeless swaps. People are paying 60-70 USD per swap now in eth. Polkadex is not claiming low fees but zero fees. Forever!

Vivek prasannan:

AMM pool of Polkadex will have zero trading fees, automated market making, and bots that the market makes on-chain. It helps users to be market takers at specific prices, since it’s done on-chain, there will be minimal spread possible. Those users who want to do large trades can make use of our order-book exchange.

Gold rocket | satoshi club:

Sounds good👍

Gold rocket | satoshi club:

Thanks!

If you’re done with the intro, we can proceed to the community questions.

Gautham:

Sure!

Preselected questions about the Polkadex DeFi project.

Andrés m. | satoshi club:

Thank you for this clear introduction.

Q1 from telegram user @xusuo

I learn that the Polkadex project is fully 100% decentralized, so can you please explain how is the governance work for the user who holds your token? Is there any voting or token holder possible to do in the Polkadex ecosystem?

Gautham:

1. Polkadex orderbook is maintained off-chain with on-chain settlement so in case the off-chain operator gets compromised the governance will vote for the proposals to help release the funds people locked for trading in orderbook.
2. Every user needs a minimum balance of Polkadex tokens in their wallet (sufficient to pay the transaction fees but they don’t need to pay it just stake in your own wallet) to do swaps in our AMM pool
3. The treasury funds are also managed by the Polkadex token holders via on-chain governance proposals

Vivek prasannan:

Done.

Gold rocket | satoshi club:

Great answer!

Andrés m. | satoshi club:

How much is that minimum quantity?

Gautham:

Polkadex tokens worth 2-5 USD is more than enough

Andrés m. | satoshi club:

A low fee, great work

Gautham:

Just enough to pay the swap you are going to do but you don’t need to pay just stake it in the wallet. It’s not a fee. You are just staking yourself. You don’t lose it when you do the swap.

Andrés m. | satoshi club:

Every user can have their own pool? Or it is something general of the platform¡?

Vivek prasannan:

There is only one liquidity pool for each trading pair.

Gautham:

Just like Uniswap, balancer, etc.

Andrés m. | satoshi club:

Got it, thank you so much for the clarification. And how many trading pairs do you have?

Vivek prasannan:

5 initially, On the launch.

Gautham:

But the public can create their own pools and provide liquidity.

Andrés m. | satoshi club:

Could you mention them? 😃

Vivek prasannan:

We haven’t decided on the pairs yet, but we are planning to launch 5 pairs on the blockchain at the launch.

Andrés m. | satoshi club:

Of course, DOT will be there😁

Gautham:

Dot will be available when Polkadex becomes a parachain, initially, we will launch as a standalone network and when we win the parachain auction,DOT will be available.

Andrés m. | satoshi club:

Amazing info, we will be expecting more news about that.

Gold rocket | satoshi club:

As far as I know, you have already implemented testnet right? Tell us a little about it.

Vivek prasannan:

Yes, we have launched 2 versions of testnet, mainly aimed at benchmarking the exchange transactions and testing the load on the substrate chain. We have taken it down, it will be available in the testnet release version 3. It was up until 2 weeks ago.

Andrés m. | satoshi club:

Has it been audited?

Vivek prasannan:

It’s not audited yet, we will be completing our work by march and the audit begins in March.

Andrés m. | satoshi club:

Thank you so much, would you like to add something else before proceeding with the second question? 😃

Gautham:

No, we can proceed.

Andrés m. | satoshi club:

Q2 from telegram user @crypto_fanss1

Polkadex introduces FSP (fluid switch protocol) that will showcase how multiple AMMs interact with the orderbook. So can you tell us more details about fsp & how it works? Also aside from solving liquidity problems, what else do AMM pools intended to solve?

Gautham:

Fsp combined with the onchain market maker solves the liquidity. AMM is mainly focused on people who are concerned about KYC. Orderbook based decentralized KYC but the AMM pool doesn’t have KYC

Vivek prasannan:

Fsp when combined with onchain market making will minimize the spread for smaller transactions. It is a way to allow people using the AMM pool to place smaller trades at specific prices.

Andrés m. | satoshi club:

Amazing 👏 So Polkadex doesn’t need KYC, right?

Vivek prasannan:

We will use KYC for orderbook exchange using ZKP in kilt protocol to accommodate institutional market making, but will avoid KYC for AMM pool as it will eventually be launched as a decentralized protocol.

Even in the orderbook interface, we don’t call it KYC, but rather ‘proof of identity”

Andrés m. | satoshi club:

Users should provide an official id or only ask some personal questions?

Gold rocket | satoshi club:

Everything is clear to me. I read about your collaboration with fractal. Can you please share this with our community?

Vivek prasannan:

Yes, for the order-book exchange on which we use several layer 2 solutions to accommodate high-frequency trading in the order-book ( mind you, this is not the AMM pool), we will be utilizing a ZKP from kilt blockchain, using which users can store their own data and identify themselves using external identity providers like a fractal. The recent association with kilt and fractal was a way to achieve this and bring institutional market making into the Polkadex orderbook interface. The AMM pool, however, will be protocol-based that runs on Polkadex blockchain and will not be a layer 2 solution like orderbook, as it need not accommodate hft, traders will be happy with 3s-6s block time.

Andrés m. | satoshi club:

Are you preparing more fantastic partnerships like that?

Vivek prasannan:

Of course, we are partnering extensively with other projects in the ecosystem that will allow interoperability with our exchange. Since we are also planning to connect to Ethereum ecosystem, we have great projects like snowfork, moonbeam, etc which are potential partners.

Gold rocket | satoshi club:

Thank you very much for the information and clarification! Ready for the next question? 🚀

Vivek prasannan:

Yes!

Andrés m. | satoshi club:

Q3 from telegram user @brainchest

I’m a fan of using bots in trading. Tell us about the unique architecture that allow dynamic entry and exit based on the market situation.

What is this algorithm? You developed it based on historical price movement data.

Will it be possible to use custom settings based on the macd, ma, rsi, etc.

Will there be a usage fee?

Will there be copy-trading?

Vivek prasannan:

Yes, all of that can be accommodated in our order-book exchange, which can be compared to more like a layer 2 solution that allows high-frequency trading. This means, all data needed for trading can be handled off-chain which means, there are no fees to enter and exit a trade. Copy-trading and all forms of algorithmic trading will be possible. The only limitation is the settlement on the native chain, which is limited by its block size and processing time. ( which again is a scalable system that is improving every day). To start, however, our layer 2 solution for order book is capable of settling thousands of trades and balance transfers per second already with full onchain verifiability using off-chain workers.

Usage fee – network fees therefore == zero

Copy-trading = and more possible.

Hft = very low latency – possible

Algorithmic trading – possible.

Andrés m. | satoshi club:

Thank you for these clear answers

Gold rocket | satoshi club:

Thanks for your answer!

Copy-trading usually charges a usage fee. What percentage is planned to be taken or will it be determined by the trader?

Vivek prasannan:

Copy trading is not part of the project. I just said it is possible to run on top of ours, it will need to be set up as a separate service. Anybody can build a service on top of this. We can provide data.

Gold rocket | satoshi club:

Please provide the participants who are interested. 😊

Vivek prasannan:

We will focus on the underlying protocols and perfect them first before launching any kind of trading service on top of this. Will be happy to provide APIs if anyone is willing to launch a service.

Gold rocket | satoshi club:

By the way, you can share all the helpful links and information with our community if you like.

Vivek prasannan:

Sure!

Andrés m. | satoshi club:

After that, we can proceed to the next question.

Vivek prasannan:

People who’d like to know more about the project can join our:

1. Telegram channel: https://t.me/polkadex
2. Github page for development updates: https://github.com/polkadex-substrate
3. Twitter for public announcements: https://twitter.com/polkadex

Telegram channel also has a faq section that will answer most of the commonly asked questions. Hope that helps!

Gold rocket | satoshi club:

Thanks 👍

Andrés m. | satoshi club:

Q4 from telegram user @borysfireball

I see that you are the 7th wave’s web3 foundation open grant program recipient. Tell us more about how’re your applications going? How important it is for your project? Which benefits will Polkadex receive from it?

Vivek prasannan:

Polkadex is one of the earliest projects that got open grant funding to build an order book dex for the polkadot ecosystem. While most projects are AMM pool-based and building on the success of Uniswap protocol in Ethereum, we wanted to extend that innovation into building a better user experience for dexes. We saw that combining both AMM pools on one side (for solving high gas fees problem) and layer 2 solutions for order book (for solving user experience and hft problem) will give something useful for the community in the long run! We are also working on solving the hardest problems in the dex space. I am happy to say that the team has achieved tremendous progress so far!

Gold rocket | satoshi club:

🎉Congratulations! By the way if let’s talk about the team. What is your team? How many people, what functions do they perform?

Andrés m. | satoshi club:

Congratulations on your effort, it’s true that currently are several projects AMM pool-based, but yours have important features that make the difference from your near competitors.

s

Vivek prasannan:

Getting selected into the open grants program definitely gave a lot of legitimacy and early bootstrapping for the project and the dot ecosystem deserves a project like this where scalability and high gas fees are making DeFi unsustainable.

This will eventually benefit all projects as all our core protocols will be open for other teams to collaborate and make use of, once we launch!

Gold rocket | satoshi club:

I have no doubt about it! 🚀🚀🚀

Vivek prasannan:

Gautham is the CEO and lead engineer,

Deepansh is the coo and works on everything operational

I bring mentorship and overall experience in the crypto space as an engineer.

Support by a team of 6 other developers, one full-time designer, head of marking, few community managers, and at least 2-3 large marketing teams focused on different regions….we have a team size of around 15 people.

Gold rocket | satoshi club:

Thanks for the answer. Not a very large team for such a large-scale project 👍 Ready for the next question?

Vivek prasannan:

Thank you. We are trying to build something usable. Hope we get community support.

Andrés m. | satoshi club:

Do you have different local communities?

Vivek prasannan:

Building it one at a time. We have just started 😃

Gold rocket | satoshi club:

Good luck with this😉🚀

Vivek prasannan:

Yes, but we are fully funded and rapidly expanding our team. If anyone is interested to join hands, please write to business@polkadex.trade

Gold rocket | satoshi club:

Satoshi club! Note! Great offer!

Andrés m. | satoshi club:

Q5 from telegram user @lzamg

It is mentioned that there are two ways of bringing liquidity on Polkadex: Polkadot parachain and snowfork. Can you explain further what are each one and their main utility on Polkadex? Do the users benefit directly from both Polkadot parachain and snowfork?

Vivek prasannan:

Well, snowfork bring liquidity from Ethereum, and parachain will bridge liquidity from the dot ecosystem. Yes, users benefit from both!

Andrés m. | satoshi club:

Which benefits users will receive for each of them?

Vivek prasannan:

Btw, snowfork itself once production-ready will itself be a parachain, so connecting to them is easier.

Benefits – users can bring any erc20 tokens to Polkadex through snowfork parachain and they can bring any substrate-based tokens into Polkadex through parachain bridge to Polkadot.

Andrés m. | satoshi club:

And they will receive some revenues? Any staking problem for example?

Vivek prasannan:

Liquidity providers will definitely be rewarded from the trading fees, and we have a perpetual liquidity mining program being tested at the moment. It will be useful to bridge liquidity in the long run and will act like an interest-bearing account.

Andrés m. | satoshi club:

Now we have the last question for the part 1

Q6 from telegram user @rhedd

Since the advent of Uniswap, everyone is thinking that AMM pools are the end of the world for dexs, but traders don’t have control over the trade prices in an AMM pool. So how can you prove to the community that Polkadex is an orderbook based DEX ? and in what way can you provide more liquidity and also the presentation/production of a centralized exchange.

Vivek prasannan:

Polkadex at its core solves two problems:

1. An AMM pool far better than Uniswap – no gas fees, great UI and liquidity bridged through reward curve and mining programs.
2. An orderbook exchange (runs on our layer2 verifiable solution) with great UI/UX, supporting hft, but fully non-custodial and verifiable on-chain transactions with great security with very low attack vectors.

Best of both worlds? Yes, that’s what we are building 🙂

Andrés m. | satoshi club:

Thank you Vivek for these amazing answers, I’m sure our community really appreciate it

Vivek prasannan:

Thanks, my pleasure!

PART 2.Questions about the Polkadex 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 Polkadex crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @Brainchest

There are a lot of fraudulent pools right now. Ubiswap simply warns you that you may not want to contact this pool. And Polkadex will filter projects? If you want to create a mechanism allowing to eliminate scammers?

Vivek Prasannan:

If there is any filtering mechanism in the future, it will be handled through governance.

Q – 2 from a telegram user @cengizhantekin

What solutions do you provide for price slippage and impermanent loss?

Vivek Prasannan:

Better bonding curve, and layer2 solutions for low latency.

Q – 3 from a telegram user @BlancaSdF

Besides the DEX itself, do you plan to add different other markets such as Launchpads, futures, synthetic assets, margin, or otc / p2p?

Vivek Prasannan:

Once the basic optimal blockchain read/write on substrate chain is perfected, you can add anything on top of it. It is just a matter of time.

Q – 4 from a telegram user @anh1973

Explain the recent major achievements made by?

Vivek Prasannan:

Improving latency and scalability to more than 1000 trade settlements per second. Up from 300 tps and network latency design at the beginning of the project.

Q – 5 from a telegram user @esrarengizbtc

Will Polkadex be able to achieve higher speeds than its competitors?

Vivek Prasannan:

We will achieve higher speeds than other off-chain solutions with better and faster verifiability.

Q – 6 from a telegram user @Btc3589

What are the advantages of using Polkadex compared to other Projects?

Vivek Prasannan:

We are not comparing to other projects. We are solving problems. So, our solutions will be uniquely solving all of those pain points I mentioned before about DEXes.

Q – 7 from a telegram user @Questing_Beast

Cam you tell us something about the tokenomics of the upcoming Polkadex token?

In what ways will the token be used on the platform?

Vivek Prasannan:

Tokenomics is private now. Will be shared after exchanges finalize listing formalities.

Q – 8 from a telegram user @Maksyrn

My question is about SAFT-based Token PreSale. And more specifically about its results. What can you acquaint us with? And what can we know about when the Public ICO will be held?

Vivek Prasannan:

It is not an initial coin offering. It will be an IDO following by an IEO. Will try to get the best places for the community to trade.

Q – 9 from a telegram user @smelekin

Can you give us some key points to convince us and other investors to invest in Polkadex and trust it?

Vivek Prasannan:

Please do your DD.

Q -10 from a telegram user @alptrader

What are the risks of using AMM pools on current projects currently on the market and what is it you are creating for our safety?

Vivek Prasannan:

At the moment, we are on track. If there are any delays connected to third-party approvals like auditing etc, it will be announced publicly.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Polkadex project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

  English Telegram group  |  Russian Telegram group   |  Spanish Telegram group  |  Telegram Channel   |  Twitter |  Website 

Our Crypto Partner by this AMA: Polkadex

Telegram group  |  Light paper  |  Tweeter  |  Website  |  Medium  

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Meter and our guest was Jay Lee – @zzangbi13 and Jady Mashao – @Jady_mashao. The AMA took place on 24 February.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

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

Part 1 — introduction and questions from the Telegram&WebSite

D. | Satoshi Club:
Hello Satoshi Club! today we have an AMA session with Meter! and we are welcoming our guest – @xiaohanzhu! Welcome to Satoshi Club! 😊

Mary | Satoshi Club:
@zzangbi13 @Jady_mashao welcome to Satoshi Club 😀
Guys, we are really happy to have you here today and want to know about Meter as much as possible 😉 So, please introduce yourself and tell us more about what is Meter?

Jay Lee:
To introduce our CEO @xiaohanzhu, He has a mixed engineering and finance background. The first 15 years of his career were in R&D and engineering. Afterwards he got his MBA from Wharton and started doing strategy and investments. Back in 2016 he formed a VC fund called ZMT Capital. In 2017 many of our portfolio started launching tokens include Brave (BAT) and Aion. He started investing in cryptos as well. In 2018 I finished the first fund and decided that he enjoyed BUIDL more. That is when he started working on Meter.

Meter is a highly decentralized Ethereum scaling solution with a built-in low volatility gas currency. It connects to Ethereum and other public chains as a Layer 2 protocol.

Meter has a unique hybrid consensus protocol that separates currency creation from record keeping. It uses Proof of Work to create the $MTR low volatility coin and HotStuff based PoS consensus with $MTRG governance coin to manage the ledger.

Meter launched its foundation-maintained mainnet in July 2020 after 9 months of testnet. Today we just relaunched the final round of the incentivized testnet before delivering the full-featured mainnet. We expect everything will be on the mainnet after 3 weeks.

Meter will become the most decentralized yet highest performance layer 2 solutions for Ethereum by then. t solves the performance and high gas price problems you mentioned just now. trying to provide a stable gas price with smooth and fast experience in a permissionless fashion.

Jady Mashao:
Meter is DeFi infrastructure based on the sha256 and hot stuff consensus, are goal is to achieve a global stable store of value that is decentralized and open.

Mary | Satoshi Club:
To compare with other platforms which tps will you have?😀

Jay Lee:
Currently, Meter supports 1500 tps on a single chain. It is limited by the speed of EVM rather than the consensus protocol. We could scale it horizontally with multiple shards and chains.

Mary | Satoshi Club:
Thank you, guys for your intro! Do you have to add something or we can go to the questions from our community?

Jady Mashao:
Let me quickly introduce myself.
Hi all, I’m Jady Mashao meter ambassador based in South Africa, it a pleasure meeting you all, and hope we will have a great discussion today.

In brief, I’m an entrepreneur but come from an events management background. I have hosted a lot of social events around my city. I got introduced to crypto during the 2017 bull run. But have been an advocate ever since.

Jay Lee:
We have two tokens $MTRG is the main governance token, it is the ownership of the network. You have to stake $MTRG to validate and maintain the ledger in the system. $MTR is the low volatility coin created by 10kwh of electricity in PoW. It is used as the currency and unit of account in the system for paying gas and transaction fees. Since Meter has its own chain, we also created a Ethereum wrapped version of MTRG called $EMTRG for DEX trading on Uniswap and balancer. You could use our bridge to convert back and forth between $MTRG and $EMTRG.

We raised a seed round in 2018 and did an IEO on gate.io last July. All together raised a little over 2M in the past. The majority of the funding has been used for development instead of making noises. That is why we completed the entire solution already and a bit quiet in the space.

Also our doc site has a lot of information on the tokens and its use cases, so if you want to learn more about Meter, you could visit the doc site.

https://docs.meter.io/useful-information

D. | Satoshi Club:
Q1 from Telegram user @meml97
I read that Meter will have two tokens; $MRT and $MRTG. What are the differences between these two tokens, are they supposed to be use separated or together and why did you decide to create both at the same time? Why didn’t you just create one that could make fulfill all the needs you are trying to cover?

Jay Lee:
$MTRG is used for staking on the mainnet. $MTR is used for paying gas and transaction fees. The way we distribute newly emitted $MTRG is through on-chain auction with $MTR. Think $MTRG as the Bitcoin, $MTR is the mining credit to compete for newly emitted Bitcoin. The $MTR proceeds collected from the auction will partly distributed to the validators/stakers as block rewards, partly retained in the system that allows $MTRG holders to borrow against in the future.

Jady Mashao:
Our consensus is dual in nature, which means we have two consensus PoW for issuance and PoS for record-keeping hence the two token model.

Mary | Satoshi Club:
So, if I will have $MRTG on your mainnet chain to send it somewhere I will need some $MTR?

Jady Mashao:
Yes. It acts as the gas MTRG is only needed for governance.

Mary | Satoshi Club:
Will it be possible to earn $MTR simply holding $MRTG on your wallet, as we have with neo/gas for example?

Jady Mashao:
Yes, you can stake your MTRG and receive rewards.

D. | Satoshi Club:
Q2 from Telegram user @JesusFre1tes
We are in the presence of the “BOOM” of layer 2 platforms in the DeFi and blockchain world. What are the features that make Meter stand out in this tide of layer 2 platforms and applications? What are the strategic advantages that this type of technology provides to the protocols you have developed within your project?

Jay Lee:
There are multiple layer 2 solutions currently on the market including Optimistic Rollup, zk Rollups, state channel and side chains. Zk based techniques are incompatible with existing smart contracts. Optimistic Rollup is promising but it is definitely over hyped. All the rollups solutions today require a centralized sequencer to put transactions in order. It essentially is “the house” for all the transactions on the rollup. Not only it has the power to censor and front-run transactions, but it also easily triggers regulatory issues. Think about a BitMex running on the rollup. It is very obvious who the regulators should go after. stat channels are already out of favor due to the tech limitation.

Meter takes a side chain type of approach, similar to xDai, BSC, Matic, Skale. They are either Proof of Authority based (meaning you will have to trust all the validators in the network) or modified on top of Tendermint (Cosmos). Meter uses the most advanced deterministic consensus protocol called HotStuff. Facebook’s Libra is a variant of this consensus protocol. It is several times more performant and doesn’t require the entire network to be highly synchronized (which allows a highly decentralized network) compared to Tendermint. In Meter’s implementation, with the same amount of network traffic as the current 100 nodes Cosmos network, Meter could support 10k nodes. This consensus protocol is comparable in sophistication if not more to ETH2.0.

Jady Mashao:
All chains are interoperable and scalable but lack stability. Meter functions to in increase adoption via a stable unit of account.

D. | Satoshi Club:
Can we already use your layer2 solution, or it will be implemented soon in the future?

Mary | Satoshi Club:
Incredible characteristics! On the other hand, everyone always praises their project and that’s fine. But can you honestly say what you are missing? Are there any shortcomings that you would like to correct?

Jady Mashao:
Yes its up and functional, try it out.
More functionality is still being being built but you can try our ethereum bridge.

Jay Lee:
We should build more Dapps on our platform. We have already launched MeterSwap https://swap.meter.io on the Meter mainnet for swap between MTR and MTRG tokens. We just helped Avalanche team launching the AVAX to ETH bridge which was extremely successful. We will soon launch a seamless integration with ETH in March so regular users won’t even need to be aware of the existence of Layer 2. More applications like lending borrowing, synthetic assets and derivatives trading are all coming in Q2 time frame.

Jady Mashao:
True, we are not selling the world riches, just solutions to problems the majority of people in the world face. Hece we do not position ourselves as any blockchain killer. So therfore our marketing has been a bit relaxed but 2021 will see a change in that.

Mary | Satoshi Club:
Are partners with Avalanche?

Jady Mashao:
Yes we are, we are working working with them to intergrate as a re-layer.

D. | Satoshi Club:
I saw on your medium you have a lot of cool partnerships with Razor, AVAX, Harmony etc 👍

D. | Satoshi Club:
Q3 from Telegram user @NSZR1
Bearing in mind that MTR could be used to make everyday payments such as food or clothing, how do you plan to introduce this token to the commercial world so that it is adopted by as many businesses as possible? Taking into account that the concept of cryptocurrencies is often confusing for most everyday businesses.

Jady Mashao:
True, things are brewing in the meter lab.

Jay Lee:
Our focus is to build applications that attracts users/customers right now. Also, we are planning to develop mobile wallet so it could be used on commercial world.

Mary | Satoshi Club:
As I understand when you will go live you already will have your applications, I think you prepared well, right?

Jady Mashao:
Our approach is to introduce this currency were it is most needed. The majority of tokens act more as trading instruments then currency. Our approach is for people to protect themselves against rising inflation and still be able to conduct business with stability in mind.

Mary | Satoshi Club:
Which apps are you mostly focused on?

Jady Mashao:
We are focused on building the meter stack, wallets, explorers and are working with third-party developers to integrate their apps on or chain.

Jay Lee:
Yes, but we will try much harder for broader adoption.

D. | Satoshi Club:
Q4 from Telegram user @cengizhantekin
You provide an open platform for developers to build their own decentralized applications. What kind of apps can be built, please provide some solid samples? What will the advantages for the developers be for using your platform? What is required to start working on Meter platform?

Jady Mashao:
Any sort (exchange, social sites, games) of DeFi app can be built with speed and security upfront. The added advantage is that our protocol offers stability meaning transaction fees for games could remain low cost unlike others😉

Mary | Satoshi Club:
Which incentives you will have for developers?

Jay Lee:
Also, we have allocated 15M MTRG tokens for collaterals for future synthetic products and ecosystem development.

Jady Mashao:
Here is a link for all developers to follow
https://docs.meter.io/developer-documentation/introduction

D. | Satoshi Club:
Q5 from Telegram user @sirdefi
I am very interested in $MTR, a metastable token that is created by proof of work. What is the difference between this “metastable” token and the famous stable tokens ($USDT, $USDC, $DAI)? Every day new stable tokens are released, why do you think this one can make a difference? What fantastic things can be done with $MTR?

Jay Lee:
Fiat-backed stablecoins like USDT and USDC are centralized and thus are subject to regulatory restrictions.

Crypto-backed stablecoins like DAI first have capacity issues. The cryptocurrency used as collaterals could only be a small percentage of the its circulation to avoid avalanche crashes during the liquidation scenarios. They also have to rely on oracles which are typically centralized (there are only limited sources of high-quality data). If the oracle provides wrong data (could be as simple as a software/hardware glitch), the entire financial system may fail. This maybe too much of systematic risk for the most fundamental building blocks of a financial system.

Meter’s full decentralization and permissionless nature is designed to avoid such systematic risks. It gives up strong pegging to USD, but maintains a long term purchasing power stable value and eliminates counter-party, regulatory, and oracle risks typically found with crypto- and fiat-backed stablecoins.

D. | Satoshi Club:
So you don’t use any oracles in your project?

Jady Mashao:
Most of the tokens are pegged to other currencies, crypto currencies or based on algorithms. Meter converts energy (electricity) to digital value. Electricity is a global asset and does not bbelong to any institute; therefore meter does not face the risks other coins face such as regulatory, oracle, decentralization and over colletrallization.

Jay Lee:
MTR doesn’t need an oracle at all.

Jady Mashao:
Our base layer does not need oracles but we have partnered with some to put tools in the hands of developers

D. | Satoshi Club:
Q6 from Telegram user @Wormz28
About the latest Meter Roadmap update, I’ve read that 2020 was a huge year for Meter with the launch of your mainnet, token sales, the release of the first Dapp built on your network, and more. I can see and tell that METER already accomplished a lot from the very launch and in 2020, but there is much more to come in 2021 and beyond right? So what’s up for 2021? May we know your short & midterm plans, like a small overview of the development of your DeFi infrastructure, the adoption of MTR, and the growth of your community?

Jay Lee:
In 2021, we will focus on launching more mainnet functionality, continuing to increase cross-chain compatibility, and building Dapps on Meter’s infrastructure. Also, we will continue to partner with other public chains to launch MTR on their networks.

You can check the detailed 2021 roadmap here:
https://www.meter.io/the-meter-roadmap-2021/

Also, we have recently updated our tokenomics for MTRG token: https://www.meter.io/update-on-mtrg-tokenomics-2021/

Mary | Satoshi Club:
Can you give us some hints about your nearest partnerships?😉

Jady Mashao:
As for adoption we will continue to push boundaries were people need our token vs just trading as it guarantees market effectiveness. We will also host campaigns during the year for out reach and launch educational tools like the meter academy to educate new comers in crypto.

Jay Lee:
We have recently partnered with Spaceswap / Avalanche / Harmony etc, and for future partnership you can join our channel and check our announcement 🙂

Mary | Satoshi Club:
Guys, our community is waiting for chat to be open to ask you live questions 😉

Jay Lee:
Let’s go!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Ariana

Miners and validators are an important part of the consensus mechanisms of your two tokens MTR and MTRG, It says in your papers that they collaborate to make the Meter system stable, secure, and scalable, are this actors rewarded on your economic model? How do you incentivize this people to keep apportioning positive to your ecosystem?

Jady Mashao:
Miners create and are awarded with MTR. Validators also receive rewards for record keeping in the system.

Q2 from Telegram user @ Jolaine #FM Team

What do you think are the most outstanding advantages that Meter has over its competitors in the race to be the most important second layer of Ethereum?

Jady Mashao:
Our key feature versus other chains is stability; other tokens could be pegged to meter.

Q3 from Telegram user @ Crypto Jiren

❎ What is HotStuff consensus, can you explain them to us, how does this make Meter much more secure than other blockchain?

Jay Lee:
HotStuff consensus is a variant of Byzantine fault-tolerant (BFT) consensus protocol proposed and mathematically proved by Ted Yin during his internship at VMware Research in 2018. Hotstuff consensus has 3 benefits which are simple and elegant leader change (censorship and network failure resistance), higher performance than pBFT and less communication and data storage requirement.

Q4 from Telegram user @ Cengizhan Tekin

✅ What is the objective of On-Chain Auctions?

Jay Lee:
One of the most important uses of the MTR token is to obtain MTRG to participate in safeguarding, governance, and growth of the Meter system.
This is done via on-chain auctions that are automatically generated by the Meter system every 24 epochs.

Q5 from Telegram user @ Mr.Lonely

I want to buy $MTR, Where could I buy? Is it available in uniswap?
@zzangbi13 @Jady_mashao

Jay Lee:
Currently the most liquid CEX for MTRG and MTR is gate.io, mxc.com and bilaxy.com. For eMTRG, you could find on Uniswap and Balancer.

Q6 from Telegram user @ Nick

You updated $MTR tokenomics recently, can you tell us what changes where made from the older tokenomics?

Jay Lee:
We made a couple of important changes:
1) A chunk of total tokens were removed from future releases until new synthetic and derivatives products are launched.
2) The general emission of MTRG was set to 5% per year to strike a balance between rewarding validators and helping MTRG maintain its token value.

Q7 from Telegram user @ Egor Dubinin

Hоw did METER chаnge the economic game of PоW mining? How did you manage to mаke MTR much greener thаn BTC?

Jady Mashao:
The same energy will always mine the same number of tokens, unlike btc were you need more and more energy to mmine the same number of coins.

Q8 from Telegram user @ Andrew

Is MTR Stabecoin? If yes, what is the difference between MTR and other stabecoins: DAI,…?
@zzangbi13

Jay Lee:
MTR is not trying to peg to $1, it aims to complete Satoshi’s original vision, a sound money independent of the fiat system.

Q9 from Telegram user @ CRYPTONECO

What Marketing and business development plans do you have for METER? Will you add new participants to the METER ecosystem?

Jay Lee:
We are working hard on building out our developer ecosystem right now, with a formal developer program slated to launch in a couple of months. In the meantime, more cross-chain partnerships like the one with Avalanche, Harmony, and others to grow the Meter ecosystem and general marketing to increase awareness are in the works.

Q10 from Telegram user @ Frank Lampard Ziệt Nem

Do you agree that Satoshi Club will lead your project to global development? What services do you provide to the community What are your strategies for building a strong community?

Jady Mashao:
We are still assigning the markets and developing strategies for community growth. platforms like Satoshi club are good for teaching the mass about crypto we look forward to working with you more.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

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

Our partners:
Telegram Community – https://t.me/Meter_IO
Twitter – https://twitter.com/Meter_IO
WebSite – https://www.meter.io
Testnet – https://scan-warringstakes.meter.io

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 Valhalla and our guest was @Candie Mann and @RobinHODL . The AMA took place on 23 February.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

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

Part 1 — introduction and questions from the Telegram&WebSite

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

Gold Rocket | Satoshi Club:
Good evening, dear community!
Hello, @Crypt0Candie @RobinHODL!

Candie Mann:
Hello Gold Rocket. Good evening gentle people of the Satoshi Club.

RobinHODL:
Hi! Happy to be here 🙂

Mary | Satoshi Club:
So, guys, please, introduce yourself and tell us more about Valhalla 😀

Candie Mann:
We are anonymous members of the project Valhalla.
We have contacts in this industry for a long time and have been working in this space to have seen a lot of things.
Our being anonymous is to add to the fact that we are here to support other anonymous creators.
(And no we’ll never doxx ourselves).

Now, coming to Valhalla. This year was an amazing start to the bull market with BTC breaking ATH. But the most interesting observation was the resurgence of meme coins. With all the GME fiasco, we’ve seen GME/AMC pegged rebase coins and Doge clones, and cat coin, pug coin, bulldog token and what not.

Quite surprisingly people rushed to buy all these coins.
Unsurprisingly however half of them took the investor funds and went off-grid, the other half dumped their “team tokens” and the remaining locked half of the liquidity on unicrypt and rugged the other half.

So we’ve observed an opening in the market and the necessity for a platform for people to speculate on their intently desirable meme tokens (among other things).

RobinHODL:
My name is RobinHODL. I’m a cryptocurrency and all-around art enthusiast. Including the art of memes. Hence why this project and all it stands for is the perfect combination of our skill set as well as our passions. Working closely with Candie Mann, as he’s said. Being here so long, we have spotted the areas in crypto that worked well and the areas that needed fixing. With Valhalla, we aim to bring out the best of not only our talents but out of all the greatest that Defi has to offer.

Candie Mann:
Sure the volume on meme tokens is far greater than on utility ones.

Gold Rocket | Satoshi Club:
Which path did Valhalla take?

Mary | Satoshi Club:
Also, do you understand that most of the projects that took people’s funds had anonymous teams? Don’t you think that by staying anonymous you probably won’t have 100% community trust?

Candie Mann:
Valhalla was a completely fair and stealth launch with incentivized farming to secure the liquidity from and for investors.
We had no presale, we didn’t do any marketing. Our project was discovered by 80 people even before we launched, using token launch scanners and uniswap liquidity scanners. We were listed on hotnewcrypto on the 2nd day of our launch and we secured 2.6 million in liquidity within 6 days of launch. That was when we hadn’t even started spending on marketing.

RobinHODL:
We have not taken the easiest path to get here, by any means. We have decided to go with an anonymous & stealthy launch, like Bitcoin.

Candie Mann:
Well, that’s a concern, so we have taken all the time to explain to the community how every bit of our contract works, and they have no necessity to trust us. They just have to trust the viability of the ethereum network.

RobinHODL:
The coding, being open-sourced, means anyone can confirm the legitimacy of the code for themselves.

Mary | Satoshi Club:
Good start, btw. So, you self-funded project?
Do you plan some audits?

Candie Mann:
Interestingly we have a really educated community at Valhalla. The queries and discussions there are not the usual meme coin chat.

RobinHODL:
We currently are in the process of having an audit done by #WARONRUGS.

Candie Mann:
Since the Val contract is just a farming contract comprised of OpenZeppelin sources of ERC-20 and Uniswap library sources of the factory, we didn’t find the necessity. But for the sake of the community’s trust, we decided to do it anyway.

Gold Rocket | Satoshi Club:
Well, your intro was great! ready to jump into community questions?

RobinHODL:
Let’s do this!

Gold Rocket | Satoshi Club:
Q1 from Telegram User @JesusFre1tes
We know that “Valhalla” comes from long-standing Norse beliefs. Why have you been inspired by this Norse and Viking heaven to name your project with the same name? What are the aspects of the project that have similarities with the Valhalla of the God Thor? Could you tell us more about this?

RobinHODL:
We love the old Norse tales of the gods. We see ourselves as humble, strong folk like the Vikings who believed in them were. They were seeking riches and glorious lands and they would fight with the greatest passion. All on the path to Valhalla (heaven) Or: A common goal.

We try to encapsulate the spirit of the Viking in everything we do. Hence: Valhalla.

Candie Mann:
It was more of a friendly gag. We have this “To Valhalla” thing among us, instead of “To the moon”. So, Valhalla was essentially created as much for the safety of our friends as for the rest of the community. But I’m sure Robin will explain the meme aspect of it even better.

Mary | Satoshi Club:
What do you like more riches or glory?😉

Candie Mann:
If given the choice glory over riches any day.

RobinHODL:
Thankfully, VALHALLA intends to be the perfect combination of both 😉

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

RobinHODL:
Glad you appreciate 😊 We try to be as artistic as we can where we can. We like adding layers to everything and having a unique flair in the way we do things.

Candie Mann:
Let’s proceed to the next one then.

Gold Rocket | Satoshi Club:
Q2 from Telegram user @Xusuo
Valhalla will have “Initial distribution offerings” (IDO’s) and distributed among 5 different levels of allocation, for the 2 participation methods available. Can you pls give the reason why you make this system? Is this like a rank system?

Candie Mann:
This system has been designed to introduce fairness to distribution.
Instead of opening up the offerings for those with the highest gas offerings or the fastest bots, it is better to provide predefined allocations for the participants of VAL according to their holding/farming.
This incentivizes long-time VAL holders and eliminates speculators.
Yes, this is like a rank system followed in the lines of the already establishing DuckDAO incubator.

RobinHODL:
We go into further details about how the IDO tier structure is laid out on our medium: guidehalla.medium.com
Basically, we want to reward our greatest representatives and backers the most.

Candie Mann:
As a matter of fact, we have promised our EOY goal to get a tweet from Elon himself.
After his tweets have been raging fire in the market.
Meme coins pump because of Elon tweets and… well mostly just Elon tweets. 😂

RobinHODL:
He has definitely expressed his love for meme coins, and we love some of the things he has been able to accomplish, especially for the recognition of crypto as a whole. We hope to get his support for VALHALLA by EOY with the help of our Viking community.

Candie Mann:
Valhalla has introduced an innovative one-click farming mechanism to prevent users from the additional hassle of going through all the trouble of adding liquidity themselves and staking the lp tokens. It saves them a lot of gas too.
You can farm VAL right here at farmhalla.valdao.org.

RobinHODL:
It’s really a 1-step process if your wallet is already connected. Awesome work by Candie Mann.

Mary | Satoshi Club:
Got it! Thank you! You will audit your platform also, right? And what is the current APY, btw?😉

Candie Mann:
There’s not really much to audit there.
But sure Oasis platform will be fully audited.
With the high gas, we haven’t had many farmers or buyers.
But with an increase in the price of VAL, the APY increases as well.

Mary | Satoshi Club:
Thank you for your answers, guys! Ready to proceed?

Candie Mann:
Yes. Let’s proceed.

Gold Rocket | Satoshi Club:
Q3 from Telegram user @Rosane1a8
Valhalla has 3 different components, Valhalla Farm, LSD and Oasis. If I want to use it for my token, can I use the features of the 3 components at the same time? Why do they have to exist separately?

Candie Mann:
They are separate because there are independent products existing exclusively but work in synergy to improve the performance of the ecosystem.

And sure you can use the features of the 3 components at the same time.
You hold VAL for our exclusive IDOs.
LSD is a rebase coin pegged to VAL. Hence with an increase in the price of VAL, so does LSD.
Also, on the other hand, an increase in demand for LSD increases the supply of LSD.
LSD is the utility token of the Oasis platform and required for the LSD paired token launches.

RobinHODL:
Each component underneath the Valhalla ecosystem is its own unique product. We’ve found a way to synergize these platforms to help support and boost themselves while working off of each other.

Candie Mann:
VAL is the native token of the ecosystem and is required to participate in our exclusive IDOs.
VAL has a total supply of 8888, and subject to change according to user demand.

Mary | Satoshi Club:
So, the LSD token is also tradable on Uniswap, I guess?

Candie Mann:
LSD is a rebase token pegged to VAL.
Usually in rebase tokens pegged to other altcoins, the demand in the rebase token is not reflected in the pegged asset.
But with LSD being pegged to an asset of a similar market cap existing in the same ecosystem, with an increase in demand for the ecosystem, all of them increase in price.
LSD utilizes the business model of offering exclusive pair listing for other tokens to launch, thus securing them liquidity incentives with increased lsd in the pool with the gradual increase in demand for LSD over time.

RobinHODL:
$LSD is yet to be released.

Candie Mann:
LSD will be launched at a later date and the sale of LSD will be conducted in VAL initially and an ETH pool later. So VAL holders are provided easy access to LSD.

And finally coming to Oasis.
Oasis combines the services of Bounce, Unicrypt, and Teamlock into one, so that at the time of a token sale the investors know exactly what proportion of their investment is going where.
With Bounce sales, even though Unicrypt and Teamlock exist, users are left at the mercy of the team to use the services and not exit with their funds midway.

Mary | Satoshi Club:
You will have a sale for LSD, right?

Candie Mann:
Sure!
It is scheduled for April 1st, subject to change with market sentiment and price action.

Mary | Satoshi Club:
When you plan Oasis to go live?

Candie Mann:
In the same week as the LSD launch.

RobinHODL:
Basically, we’re combining all the presale platforms into one + making it better.

Mary | Satoshi Club, [23.02.21 19:26]
Ready to go to the next question?😉

Candie Mann:
Let’s proceed to the next one then!

Gold Rocket | Satoshi Club:
Q4 from Telegram user @kherrera22
Regarding “VALHALLA DAO”, it is known that currently the ETH network, is going through obstacles such as high gas and transaction delay, so what strategy are you employing so that these obstacles do not interfere with your ecosystem and the quality of your services? And is it in your plans to expand your services so that in the short or long term, your ecosystem will serve as an incubator for the safe launch of TRX tokens?

Candie Mann:
Well, we haven’t looked into TRX yet. But we have multi-chain launches in our plan. Does TRX have Chainlink integration?

RobinHODL:
Before the gas got really bad, the farming contract was built to be as streamlined and cheap as could be possible, relatively.

Mary | Satoshi Club:
A lot of projects also are moving to BSC? Didn’t you think to launch there?

Candie Mann:
Well, we have scheduled launches on BSC and HECO chains and MATIC and xDAI side-chains.
I am working with another dev team on a side project to create the first trustless universal multi-chain bridge targeted at all ERC-20 compatible tokens.
That will take some time, however, but once the bridge is launched we will integrate VAL on all the platforms into the bridge to work seamlessly across all of them.

Mary | Satoshi Club:
Ready to proceed, guys?

RobinHODL:
Ready!

Candie Mann:
Initially, the BSC launch wasn’t planned until mid-march, but looking at current gas prices, we are looking at migrating to bsc as soon as possible.
We’ll inform our community if/when we do it and will make the transition as smooth as possible.

Gold Rocket | Satoshi Club:
Q5 from Telegram user @Antoni_azx
Valhalla is offering 2 participation methods:
-Diamond Handed Holder and
-Gem Farmer
Which one is better if I want to make an investment in a short time? Also, Is it needed an identity to access these methods, or people can participate in anonymity?

Candie Mann:
Well, Gem farmer is the better choice right now considering the high APYs. And by farming, you get access to both the methods, as you hold your farming rewards and not dump them immediately.
And as for participation, it is anonymous and open to all.
There are no KYC requirements whatsoever.
One of our reasons for remaining anonymous was also to avoid token sale regulations across certain countries.
That way we can make our platform as trustless as possible.

RobinHODL:
We encourage people to become Gem Farmers, that way they can also automatically become a Diamond handed holder through the passive $VAL earnings on their $ETH deposit

Mary | Satoshi Club:
Btw, how many Gem Farmers you have currently?

Candie Mann:
Farmers don’t even have to claim their rewards and go through the gas.
When taking the allocation snapshot, we’ll look into their rewards for them.
That’s a hard guess to make. We don’t have an account of the number of farmers, but considering the liquidity, we definitely have 400 farmers at the bare minimum.

RobinHODL:
We tried to think of everyone who would be potentially participating in every step of our processes

Mary | Satoshi Club:
Everything is clear for me 😃 ready for the 6th and last question from this part?

RobinHODL:
Ready!

Gold Rocket | Satoshi Club:
Q6 from Telegram user @AugusS7
In your blog of Medium, they mention that the most promising projects for 2021 have been those that use memes, but really what relationship do memes have with the Valhalla incubator? Does your project plan to eliminate memes on the blockchain? or will they adapt to them?

RobinHODL:
We plan to be a launchpad (or Kickstarter) for all kinds of projects anon or otherwise, meme or otherwise. We love meme coins and the meme culture within. We’re definitely here to adapt, improvise, and overcome.

Candie Mann:
I’ll use an analogy of our users incited in the community.
We are in the middle of a crypto gold rush. And Valhalla is like a pickaxe. You won’t find gold in every hole you dig, but to dig those holes, you’ll need the pickaxe. Hence Valhalla lies above them all.

RobinHODL:
Valhalla is the pickaxe in the Goldrush.

Mary | Satoshi Club:
Maybe some preferences for meme coins?😉

Candie Mann:
Not right now.
Our first launch on oasis will be one of them.
We’d rather show it than say it.

Mary | Satoshi Club:
Are you already looking for the first projects for your launchpad?

Candie Mann:
We already have 3 projects lined up for IDOs.
Surprisingly they reached out to us.
We are amazed by the community support and will continue building.

Gold Rocket | Satoshi Club:
Thank you very much for your answers and great mood! Ready for a storm of community questions?😉

Candie Mann:
Let’s open the floodgates to Valhalla.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Cengizhan Tekin

✅ Valhalla has 2 tokens: VAL the governance token and LSD the currency token. I read that LSD is an elastic supply that will be pegged to one-hundredth of the price of VAL. Then why did you create this second token instead of using just a unit like a satoshi or gwei? VAL cent maybe…

Candie Mann:
Great question.
But LSD and VAL are separate tokens with separate utilities.
The one-hundredth association is just a mere coincidence to maintain a healthy ratio with the price of VAL.
It could also be one-thousandth.

Q2 from Telegram user @ Angelo Salas

In ancient times, the Vikings were known for tenaciously expanding their domains, many of which were won after long wars with other European peoples. Taking into account the inspiration Valhalla takes from these ancient warrior people, do you think you will be able to dominate not only the European cryptocurrency market but also other markets such as Asia and North America, just as the Vikings dominated other lands hundreds of years ago?

RobinHODL:
We believe that our Vikings are a special breed, and can be found all over the globe. We’re here to fight together as the everyday person. And that message resounds far and wide. With your help, we’ll see the great dominance of Valhalla worldwide. Like the great warriors of old.

Q3 from Telegram user @ tehMoonHunter

Sir @RobinHODL How is the support that Interop offers to the Token that it has in its list to give the price in real-time without modifications, do you use an oracle for the data $ VAL $ LSD $ TRIP $ TROP?

Candie Mann:
We use the uniswap oracle for the token price of VAL and LSD.
And TROP is just our official NFT partner.
We are not responsible for the development of Interop.

Q4 from Telegram user @ Gutierrez04

You mention that the rewards of cultivation in FARMHALLA will be cut in half every 8 days, if so, how long will that cultivation last? I understand they do it for the limited amount of VAL, but wouldn’t reduce it that much be unattractive?

Candie Mann:
Reducing the emission will increase the rarity, and hence the price and consequently the will to farm.

Q5 from Telegram user @ Ramon Pila

Lately, many projects are being developed on the ERC20 platform, however, nobody wants to assume the high costs of gas, so what mechanism do they have in order to avoid these high rates?

Candie Mann:
The VAL farming contract has been optimized to use the lowest amount of gas possible.
Also, we are looking into future cross-chain integrations.

Q6 from Telegram user @ Cesar Sanchez

I read in your mediums the different characters that are obtained with each level of gem farmers, for this creative idea do you plan to integrate more famous characters that attract more to the community lovers of Vikings such as Ragnar?

RobinHODL:
We have spoken to another actor from Vikings. Ragnar is hard to get a hold of these days as you’d imagine… But we have plenty more celebrity shoutouts in store. If you didn’t already know about the ones we’ve had. Check out the pinned posts in @chillhalla.

Q7 from Telegram user @ Ariana

Valhalla wants to create a paradise “the safe-haven investors need” to speculate on Meme coins and anything they want to invest, how are you backing up your investors to have all the fun in cryptos and don’t lose anything?

Candie Mann:
Ah, Ari! You’re here too!!
A thoughtful question again.
The Oasis platform locks up the amount of liquidity raised automatically along with the team tokens vested as soon as the sale finishes without the team having to intervene to do so manually.
That way the risks associated with investing in anonymous projects are mitigated.

Q8 from Telegram user @ Impostor

May I know what is the requirement to create a sale on the oasis and How about if users want to create content on your platform? Do all people from around the world possible to join, is it need KYC?

Candie Mann:
Anybody can create a sale on Oasis.
There are no KYC requirements whatsoever.
As content creators, we have a pretty active community who create lots of memes, digital at and even rap songs.
If you want to create content on behalf of our community, you are welcome to do so.

Q9 from Telegram user @ CryptoFinally

Is this project built like opensource and can anyone fork from your project?

Candie Mann:
Hey Cindy, how you been? Anon smirk
Well, you can fork Val at your convenience, as all the contract sources are complete.
(But we’d want you not to do so. If you have a suggestion for improvement, you could as well reach out to us and we’ll integrate it.)

Q10 from Telegram user @ Joxes | C R Y P T O W A V E

Your incubator project is focused on ERC-20 tokens, however, there is also a growing interest in Non-Fungible Tokens (NFTs), do you have plans to incorporate this technology into the project?

Candie Mann:
Precisely yes.
We have our exclusive NFT partner Interop.
And in the future, we are going to incubate one of our own amazing NFT projects in Valhalla.
We love NFTs at Valhalla.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

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

Our partners:

✨HELPFUL LINKS✨

🪓 Ecosystem home: valdao.org

🪓 1-click $ETH farming for $VAL: farmhalla.valdao.org

🪓 Buy Valhalla $VAL at: https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0xddd2ec6bd01506a8510aba02393fb058d9f6ce89

🪓 Dextools price action:
https://www.dextools.io/app/uniswap/pair-explorer/0x2b8d45301102ded092be78e883dcb5d7f8733ff0

🎊GIVEAWAY INFO🎊
https://twitter.com/ValhallaDAO/status/1360378408941846530?s=19

🪓 Medium: guidehalla.medium.com

🪓 Twitter: twitter.com/ValhallaDAO

🪓 Telegram: t.me/chillhalla

🪓 UniSwap pair info:
https://info.uniswap.org/pair/0x2B8d45301102dED092Be78e883dCb5D7F8733Ff0

🪓 Etherscan info: https://etherscan.io/address/0xddd2ec6bd01506a8510aba02393fb058d9f6ce89

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 Casino Betting Coin and our guest was Ed Brennan CBC – President of Casino Betting Coin. The AMA took place on 25 February.

The total reward pool was 3000$ and has been split into 3 parts.

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

Part 1 — introduction and questions from the Website

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

D. | Satoshi Club:
Hello Satoshi Club! 👋

Mary | Satoshi Club:
@EBrennanCBC welcome here 😀

D. | Satoshi Club:
@EBrennanCBC welcome to Satoshi Club! good to have you here!

Ed Brennan CBC:
Hi everyone,
I’m glad to be here. Thanks for the warm welcome.

Mary | Satoshi Club:
Let’s start our journey with Casino Betting Coin 🔥🚀

Mary | Satoshi Club:
Ed, could you please introduce yourself and tell us more about Casino Betting Coin!

Ed Brennan CBC:
Hello again,

I’m Ed Brennan, President of Casino Betting Coin. I have over 25+ years combined experience spanning Internet, Software, Hardware, and Financial Services industries, supporting all operational functions at Fortune 500 companies including Merrill Lynch, Seagate, Adobe, Microsoft, and NexTag.

Mary | Satoshi Club:
Incredible experience 👍

Ed Brennan CBC:
Thank you, Mary.

Mary | Satoshi Club:
And what about Casino Betting Coin? Could you tell us how it started? And about its main concept 😀

Ed Brennan CBC:
Sure, I’d love to.

Ed Brennan CBC:
Casino Betting Coin (https://casinobettingcoin.com/) (CBC) is a crypto acquisition by Greentube (https://www.greentube.com/greentube-acquires-majority-outstanding-cashbet-coin/), the interactive division of Novomatic.

Novomatic (https://en.wikipedia.org/wiki/Novomatic) is one of the largest gaming technology companies in the world with more than 22,000 employees worldwide and a turnover of around 2.6 billion EUR in 2019.

To learn more about Novomatic and how mind-blowingly big it is, please visit: https://www.novomatic.com/en/explore-novomatic/about-novomatic

Mary | Satoshi Club:
It’s really huge 🚀

Ed Brennan CBC:
This is an industry GIANT going into crypto.

CBC represents industry adoption of crypto.

Very few crypto projects, even those in the Top 50, can claim to be backed by a multi-billion dollar enterprise that is among the leaders in its industry.

D. | Satoshi Club:
Yeah, i have heard about Novomatic, I paid for slots games online, a couple of times 😄

Ed Brennan CBC:
Fantastic!

CBC is already being used at GameTwist, a leading social casino with over a million monthly active users. Beyond this, we are in discussions with a number of other casinos and platforms to integrate CBC. Keep posted for the latest.

Feel free to try playing a bit on GameTwist.com for free!

Mary | Satoshi Club:
I will try after AMA😂

Mary | Satoshi Club:
Actually, I am no so lucky in gambling, but for free I can try my luck one more time 😉

D. | Satoshi Club:
Thank you for the awesome intro @EBrennanCBC! are you ready to start the first part of our AMA?

Ed Brennan CBC:
When you do, you can also check out how CBC can be purchased directly in the casino too 😉👍

Yes, I’m very excited to proceed.

Mary | Satoshi Club:
Sure, in trading and holding I have more luck👍 your users have choice 😉

Q1 from Telegram user @KevSalom
Casino Betting Coin is quite an interesting project, and best of all, unlike many new DeFi projects, it really has quite a market. So, tell us about your expansion plans? What gaming companies are you planning to partner with? Tell us how the recent incorporation of CBC into GameTwist has influenced you. What other platforms are currently in the pipeline to incorporate CBC?

Ed Brennan CBC:
It’s true that one of the great things about casino tokens is that they have direct utility for use by a ready market.

After all, mankind has been known to engage in betting since the dawn of history.

Casino tokens having a ready market is especially true for Casino Betting Coin that is supported by one of the biggest companies in the industry, with all the casinos and platforms in its ecosystem.

There will be no lack of users.

Integration into the Novomatic ecosystem, starting with GameTwist.com, has been a game-changer for us.

We are now being approached by other casinos very keen to integrate CBC. We are picking the best options and moving forward.

We are also in discussions with another top-tier exchange regarding a listing and a potential investment in CBC.

We are building momentum, and truly believe CBC has a greater potential upside than Bitcoin right now.

Mary | Satoshi Club:
Wow!

As you are integrating with casinos which requirements for this they have? Do your users have to pass KYC for example?

Ed Brennan CBC:
CBC is open for everyone to hold and use subject only to the requirements or restrictions of each casino, which may differ by jurisdiction.

Mary | Satoshi Club:
That’s even greater! Everyone is welcomed 😀

Thank you for your answers! Everything is clear to me! Ready to proceed?

Ed Brennan CBC:
Yes, happy to proceed.

D. | Satoshi Club:
Let’s do this! 🚀

Q2 from Telegram user @JesusFre1tes
One million new users can now enjoy casino currency betting at Top Social Casino. What are the bonuses given to users who choose to shop with CBC? With MoonPay’s fiat to crypto on-ramp, even cryptocurrency newbies can enjoy the CBC bonus with a bank card? Which cards will initially be able to support CBC?

Ed Brennan CBC:
Yes, with MoonPay, players don’t need to know about crypto to buy CBC on GameTwist.com with any MasterCard or VISA bank card, or via bank transfer, and receive playing chips (on GameTwist, these are game credits called Twists).

People can now “use blockchain without knowing that they’re using blockchain” like this, which marks how mature the technology has become.

For those who do know crypto and hold CBC purchased from exchanges, an option is also available to send CBC manually for playing chips (i.e. Twists).

Buying CBC on GameTwist—either through a bank card gives players a 750% bonus to their received Twists. Check it out by going to GameTwist.com, logging in/registering an account, and going to Shop.

Mary | Satoshi Club:
Can we withdraw CBC from Game Twist?

Or we get just Twists there?

Ed Brennan CBC:
CBC is bought to play games on GameTwist, but you can’t withdraw. It’s a social casino focused on providing entertainment.

You’ll still need to pay to continue playing, for example how you would pay to play a non-casino game online. Except here, of course, we’re talking about games that you’ll find at a casino.

It’s not for hardcore gamblers, but there are also lots of people who enjoy just playing, and are paying for that entertainment. GameTwist has millions of active users.

CBC will also be integrated into more casinos of different kinds.

Mary | Satoshi Club:
Got it! But you really have great insensitive to use CBC👍

Ed Brennan CBC:
Indeed, buying CBC on GameTwist gives gamers a 750% bonus in playing chips, i.e. Twists, received.

Mary | Satoshi Club:
Btw, I already collected my bonus😉

We Will continue after AMA😉

Mary | Satoshi Club:
Fantastic 🔥

Ed, ready for the next question or you want to add something?😀

Ed Brennan CBC:
GameTwist is fun and everyone should try to at least check it out and play a few games. Of course, if you want to continue playing, you might want to purchase some CBC to use there.

Ready!

Q3 from Telegram user @ovkneze_big
One of the coins which I was holding also was affected by KuCoin hack. And I know how hard is to normalize the situation if a project rejected to do swap. Could you tell us why did you reject the idea of swap? What percentage of coins is still locked on KuCoin? As I see they’re practically locked because of the current withdrawal fee and withdrawal limit. Do you have plans to delist from KuCoin and what is your vision of this situation solution?

Ed Brennan CBC:
Others have also asked a similar question—why not mint new tokens to replace those locked or lost on KuCoin? This is not possible since CBC is a truly decentralized cryptocurrency, with no unli-mint function in the token smart contract. No new tokens can just be created.

As for doing a token swap, that’s also impossible because of several reasons. I’ll just talk about the biggest ones. A swap can only go ahead with the cooperation of many parties and will affect many stakeholders. This will be troublesome to:

1.) To the token holders and users:
CBC is a utility token and is already live at a social casino with millions of users. Imagine holding it for use at a social casino, and then finding out you can’t, because you need to first do a token swap that would cost you gas, all this because of something unrelated to you having acquired the token for actual use.

2.) To other exchanges where CBC is also listed:
They would not want to go along with a swap just because another exchange got hacked. If this were to be the practice, then tokens will need to swap for every hack, and every exchange would need to work on supporting all these swaps. That would be a very bad practice and is also not the current practice. Users of DEXes would be unduly affected too with permissionless listings and liquidity allowing them to buy the old tokens even with a swap underway.

3.) To the casinos and other platforms and services we are integrated into:
A swap would pervasively affect CBC integrations with, not just casinos, but payment providers, etc.

4.) To Greentube Novomatic, which is an established corporate entity operating mostly outside of crypto and that needs to follow corporate laws, rules, and regulations in different jurisdictions.This is a big company that can’t just swap a significant balance sheet asset for another. Imagine if it’s any other asset—let us say, gold. Greentube can’t just switch assets because of an issue with the gold depository, for example. The depository is responsible for resolving its own issues. That’s how it is professionally done in the real world, and CBC is a real world asset with real world active utility.

Just to name some.

Kucoin has acknowledged responsibility for the hack and the losses incurred because of it. We are waiting for Kucoin to finish resolving this like it has done, and rightfully so, for other tokens.

For more context, please refer to our statement on the KuCoin hack: https://casinobettingcoin.com/a-statement-from-casino-betting-coin-on-the-kucoin-hack/

Mary | Satoshi Club:
Thank you! Definitely, there is a lot of sense in your words and i know that a lot of projects have the same position.

Do you know how many tokens now are locked on KuCoin?

I mean CBC tokens?

D. | Satoshi Club:
We hope you will solve the issue with Kucoin as soon as possible, it’s really unpleasant situation, which affects a lot of people. and yes, many other projects are still suffering from that hack as well

Ed Brennan CBC:
Around 7M, if I’m not mistaken.

We also do hope that it gets resolved soon as well.

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

Ed Brennan CBC:
Sure.

Q4 from Telegram user @Highpee
Initially, you were known as CashBet Coin but later changed the name from CashBet Coin to Casino Betting Coin after being acquired by Greentube NOVOMATIC, one of the world’s largest gaming companies. Is this acquisition a complete takeover of the CashBet Coin or it is only a mutual partnership that is designed to promote business benefits between the two companies? How has this event helped to revolutionize the gaming scope of Casino Betting Coin? What market attractions have this brought to your platform and how has it increased the utility of $CBC as well as increase its usage or exposure?

Ed Brennan CBC:
Greentube Novomatic’s acquisition of CBC birthed Casino Betting Coin, which is a different brand and project from before the acquisition. The token remains the same and there has been no token swap (to, for example, maybe signify that it’s a different brand and projects) because Greentube respects the sanctity of decentralization so central to crypto.

Casino Betting Coin represents industry adoption of crypto.

From the time of the acquisition, Greentube has been busy integrating CBC into casinos and platforms in the Novomatic ecosystem, starting with GameTwist.com where CBC is already live for its millions of active users.

CBC will also be integrated into other casinos in the future, both from within the Novomatic ecosystem as well as others outside of that ecosystem.

CBC, as an open crypto utility token, allows for widespread use across different platforms and ecosystems.

Mary | Satoshi Club:
How many new users did you get recently? Or, let’s say, did CBC holder’s number increased after these changes?

Ed Brennan CBC:
We can’t share commercially sensitive data from GameTwist, but let’s just say we have enjoyed a large increase in interest and users for CBC. GameTwist attracts over one million active users per month, which gives you an idea of the scale.

Mary | Satoshi Club:
Understand you😉 thank you for your answers!

Sure you attract more and more every day🔥

Ready to jump to the next question?

Ed Brennan CBC:
Let’s do it 👍

Q5 from Telegram user @lzamg
I read that users can qualify for “redemption benefits” if they meet certain requirements and the gaming operator offer these benefits. Can you explain more specifically what are the redemption benefits and what do they entail? Are these benefits some kind of advantages for selected players? And what would be the requirements to be able to get redemption benefits?

Ed Brennan CBC:
We are building out a couple of fantastic loyalty programs with casino operators which will return considerable benefits to those who hold CBC. For now, those who choose to make purchases with CBC at GameTwist.com can qualify for bonuses of up to 750%.

Beyond that, we can’t yet give you the details of future loyalty programs and reward schemes, but we are working hard to ensure CBC users receive the very best bonuses.

Mary | Satoshi Club:
Where we can read more about this program? Do you have some articles about it?

D. | Satoshi Club:
Btw I want to ask, can people able to buy CBC on GameTwist.com via bank card from any country? or there are some restrictions? like, some countries can’t do that?

Ed Brennan CBC:
There are some restrictions imposed by our fiat on-ramp in adherence to internationally accepted legal standards, but most of the world qualifies.

For details on the Gametwist promotion, please visit: https://www.gametwist.com/en/promotions/16/

We will be sharing details on future promotions in due course.

D. | Satoshi Club:
👍

Mary | Satoshi Club:
Thanks! A lot of info👏

Can we go to the 6th and last question from part 1?😀

Ed Brennan CBC:
Sure, just sharing our Telegram group link here again for people to join and check us out: https://t.me/casinobettingcoin

Mary | Satoshi Club:
Satoshiclubbers, join here🔥🔥🔥

Q6 from Telegram user @garrinepotter
Most crypto projects publish a roadmap to identify priority development goals. I did not find your roadmap, so I want to ask if everything turned out as planned at the start of the project and what will happen next?

Ed Brennan CBC:
CBC is all about real adoption and being integrated into more and more casinos for use by more and more players. The utility is very direct and development is geared only onto that one focus. There is no building out experimental technology for untested use cases.

Having said that, our 3 priorities for 2021 are the following:

1. Proliferation of the use of CBC through the Novomatic ecosystem and beyond
2. Layer 2 solutions to improve gas fees and speed
3. Active thought leadership and awareness of our unique position within crypto & gaming

Mary | Satoshi Club:
Nice priorities! Do you already know which Layer 2 solution will use? We like secrets here, in Satoshi Club 😉

Ed Brennan CBC:
We are looking at several scalability solutions and are keeping an eye out for options.

Mary | Satoshi Club:
Gotcha 😉 but please, when you will have news, don’t forget to share it with us!

And gates will be open soon😀

Ed Brennan CBC:
We will. Thank you, Mary.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @cengizhantekin
Do you plan to collaborate with gaming platforms other than GameTwist?

Ed Brennan CBC:
Absolutely. We are in advanced discussions with a number of other casinos to integrate CBC. Gametwist.com is just the start!

Q2 from Telegram user @feranno
Is the $ CBC supply limited? Do you have a mechanism that ensures inflation does not occur?

Ed Brennan CBC:
There are approximately 150M issued tokens (circulating) of a total of about 400M. The total is a hard cap and included as part of the token’s smart contract design.

Q3 from Telegram user @tuvalunia
How can I buy CBC token?

Ed Brennan CBC:

We are always looking to improve access and add more trading platforms. Currently, you can find CBC on:

Uniswap
https://info.uniswap.org/token/0x26db5439f651caf491a87d48799da81f191bdb6b,

Bittrex
USDT: https://bittrex.com/Market/Index?MarketName=USDT-CBC
BTC: https://global.bittrex.com/Market/Index?MarketName=BTC-CBC
ETH: https://global.bittrex.com/Market/Index?MarketName=ETH-CBC

HitBTC
USDT: https://hitbtc.com/CBC-to-USD
BTC: https://hitbtc.com/CBC-to-BTC

Q4 from Telegram user @BERTA2020
Currently, your token is on the erc20 network which has problems with gas causing high rates, so what plans do you have to solve this? Do you have plans to migrate to another Blockchain network?

Ed Brennan CBC:
Gas can be an issue at times. We are currently exploring a number of second-layer options which will increase the speed and efficiency at which we can transact CBC.

Q5 from Telegram user @Ebelto
How do you like the satoshi community so far?

Ed Brennan CBC:
I’m having a blast chatting with the Satoshi Club community. It is great to see many of you joining us over in the Casino Betting Coin channel as well. I hope many of you take a closer look at CBC after this AMA, as I truly believe this coin is one of the highest potential, low-cap gems out there.

Q6 from Telegram user @Karoceh
We know Greentube Novomatic is one of the leaders in the digital gaming industry, and with this acquisition it will expand into crypto. Will this also be followed by changes to the betting system at Greentube? We know that crypto betting now depends on blockchain technology. What significant changes are expected from this acquisition?

Ed Brennan CBC:
Greentube Novomatic is our biggest holder, and one of the biggest casino companies in the world, so we are excited to explore ways we can innovate in this sector. The gaming and gambling industry is moving quickly, and we are well placed to capitalize on this. More and more casino play is moving online, and we feel that CBC really does add something to this area.

Q7 from Telegram user @KeymerS
Could you really explain to us fully what will be the role of CBC in IGamming games? Is it the only betting currency or is it the one that will give VIP access to more games?

Ed Brennan CBC:
We see more utility for CBC as a supporting token in the gaming industry, rather than a wagering currency. We won’t rule anything out, but we can bring real value for users when holding CBC qualifies them for big bonuses. We find that people generally prefer to wager cryptocurrencies such as Bitcoin, or standard fiat currencies. We want to ensure the whole experience is boosted for CBC holders.

Q8 from Telegram user @BboyForteVZLA
What are the uses that CBC has on its platform and why would it be greater than BTC?

Ed Brennan CBC:
This question goes straight to the CBC token utility and economics, which should be explained in detail.

CBC is a crypto acquisition by Greentube Novomatic. Novomatic is one of the biggest (multi-billion dollar) casino companies in the world, so while other crypto are tokens waiting for users, that’s not a problem for CBC.

CBC is already being used on GameTwist.com (http://gametwist.com/), a leading social casino with more than a million monthly active users. It will also be integrated in more casinos in the future.

CBC tokens used in Novomatic-affiliated casinos go to Novomatic and don’t return back to the marketplace, effectively burning them. This decreases supply, while more adoption by more players in more casinos increases demand. This tokenomics is intended to increase the value of the token over time through actual utility.

As to why we think CBC is better than BTC for the casino crypto use case, I’ve written about that where I gave 15 reasons why: https://www.linkedin.com/pulse/why-cbc-better-than-bitcoin-btc-edward-w-brennan/?trackingId=0l1df4VW1daRqOZQJBOb2A%3D%3D

Q9 from Telegram user @rhedd
In a casino, the house always wins…So how can I be the house? How many CBC should I own to be a house? And how can I apply this word?
“Own a Piece of the Action”
Can you explain it a little further?

Ed Brennan CBC:
The house always wins in the long run. A quick walk down the strip in Las Vegas will show you that. By owning CBC, you get to have a stake within a project which is creating innovative new use cases across the casino industry. Holding CBC is the easiest way to become the house!

Q10 from Telegram user @nadee5
What is the minimum amount of CBC I need to purchase to play in GameTwist.?

Ed Brennan CBC:
You’ll be given some “chips” (Twists) to play for a while, and then you can buy CBC to continue playing.

To qualify for the 750% CBC bonus at GameTwist right now, you need to purchase a Twists package worth more than 24.99 euros.

Q11 from Telegram user @centoscu
How long do I have to lock my CBC tokens inside the system to get NFT or token rewards?

Ed Brennan CBC:
NFTs are a really interesting area. We think there may be some great applications of them into the gaming sector. It is certainly something on our radar.

Q12 from Telegram user @atillayeni
What are the differences from other casino projects and what new techs are you bringing to defi world?

Ed Brennan CBC:
Unlike other crypto casino coins, CBC is backed by one of the world’s leading gambling companies and is already being used at one of the world’s biggest social casinos. We also have grand plans for future expansion that will bring even more utility to the CBC token. Most other platforms are struggling to find players, but that’s not a problem for us.

We see huge potential at the intersection of casino and DeFi. Most traditional casinos do not have a foot in the crypto world. That’s what makes Greentube Novomatic such a progressive partner. This is a huge, traditional casino giant which has understood how crypto is going to revolutionize our industry. We are working alongside them to make this revolution a reality.

Q13 from Telegram user @JoanaZ
Casino betting coin platform to shine and grow, needs to obtain the attention of the users, more players means more adoption/ profits to your, so can we know what is your plan to incentivize the use of your platform?

Ed Brennan CBC:
We have been building a strong community over the past few weeks, while also expanding our marketing efforts. As we go live with additional use cases, we will tap into the marketing machines of our partners to ensure CBC is put in front of a large, global audience.

Q14 from Telegram user @chzrles
Smart contracts are known to be susceptible to errors, bugs, or hacks. So how is the CBC security system composed? In addition, has an audit report been made by sources external to your project?

Ed Brennan CBC:
Yes, multiple audits were performed, Oyente Solgraph Mythril and Mainan tests were completed. Two audits were done by an outside auditing team including two prominent blockchain developers supported by co-founders of Ethereum and ConsenSys.

Q15 from Telegram user @leixagarcia
Are CBC use cases limited to betting games only, and are they not useful in other types of games?

Ed Brennan CBC:
Although our focus is on betting and casino, we don’t limit ourselves to this. We see some interesting opportunities across related sectors. Esports is one we are looking closely at, as well as the broader gaming ecosystem.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Casino Betting Coin. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 2500$.
For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru
Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners:
Casino Betting Coin Telegram community:  https://t.me/casinobettingcoin