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 Ethanol Token. The AMA took place on 2 December.

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

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

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

Mary | Satoshi Club: Hello, Satoshi Club! We are happy to announce our AMA session with Ethanol Token!  welcome to Satoshi Club

D. | Satoshi Club:hello Satoshi club

Crypto Rick – YT: Hi All! Happy to be here for Ethanol Token!

Mary | Satoshi Club: Hello, Rick: you are welcome to Satoshi Club

How are you today?)

D. | Satoshi Clubad: welcome @CryptoRickYT how you doing?

Crypto Rick – YT: I am doing great! We just launched our Cash Back Dapp yesterday so today is a great day!

D. | Satoshi Club: with a great price 😉 for your project

Mary | Satoshi Club: Wow, that’s great! Could you please tell us about yourself and your role in the project? And of course, tell us more about Ethanol Token project

D. | Satoshi Club: so let’s start with a little intro then?

Crypto Rick – YT: Absolutely, I am the marketing Advisor for the project. I have been in crypt since 2016 and have my own youtube channel with over 60k Subscribers. I have met so many great people over the years and the Ethanol team is included in that.

D. | Satoshi Club: wow, can you share a link to your channel?

Crypto Rick – YT: Ethanol truly is a game changing project and once I heard about it I had to get involved. We are issuing cash back rewards on ETH gas fees just for holding the coin!

www.youtube.com/cryptorick/

In the near future we will also be expanding the Dapp to include scheduled transactions for when gas fees are lower, as well as guaranteed transactions where users will get a 100% refund for any failed transactions

Mary | Satoshi Club: Yes, this idea is simple and genius, hope it will work as good as sounds

Crypto Rick – YT: Luckily we no longer need to hope. The Dapp was launched yesterday and users have already started to claim their cash back rewards. We have a fully working product now with one of the best use cases in crypto!

D. | Satoshi Club: even for failed transactions?

Crypto Rick – YT: correct! That will be one of our core features in the future.

D. | Satoshi Club: ok, thank you for this intro Rick! let’s start with questions from Satoshiclubbers?

Q1 from telegram Username  @Winterkom

– How does Ethanol ensure that all transactions are executed and no errors occur? Do you get cashback for failed transactions as well?

Crypto Rick – YT: Everything is verified through etherscan.io and their APIs we have integrated chainlink to merge the off chain data with out smart contracts. Any gas fees will earn cash back as long as you hold the needed amount in that wallet.

D. | Satoshi Club: btw there is a Chi Gastoken for high gas fees, which helps save money too. how is Ethanol is different to Chi?

Crypto Rick – YT:The chi gas token is a bit more complex to use. The beauty of what we are offering is the ease of use for the every day user. No dealing with the 1inch aggregator and all you have to do is hold the ENOL token and earn. In addition our limited supply and No minting means the value of the token has potential to increase making this a great investment as well as great use case

Mary | Satoshi Club: No minting?

D. | Satoshi Club: there is no mint function in contract?

Crypto Rick – YT: Correct, we have a 10,000 total and max supply.

Mary | Satoshi Club: Did you pass audit? Your github is so empty

Crypto Rick – YT: Yes we have had multiple audits which will be posted and Github will also be updated. We just launched the dapp yesterday and really wanted to keep the coding to ourselves since this really is the first of its kind. We know copy cats will come but making sure we protected our IP was important to us.

D. | Satoshi Club: gotcha

Mary | Satoshi Club: We will wait for this results to become public

Crypto Rick – YT: sounds good to me 🙂

Q2 from telegram Username  @Jonahapagu

At the Moment for a user to get 100% Refund of their gas Fees they need to Hold a minimum of 100 ENOL… with the price of ENOL being around $100 at the moment this will be worth around $10,000 this for sure is a very high requirement to meet… making it more difficult for a lot of users to Opt for your 100% cashback package..Knowing that only situations of extremely high gas fees will make this offer an attractive one.. Why did you decide that the price should be this high.. even the minimum requirement of 2 ENOL which is around $200 will give users just 10% cashback of gas fees… looking ahead how will your ensure that fair prices for both times of high and low gas fees are decided for your packages.

Crypto Rick – YT: Many large investors are spending hundreds per day in gas fees from trading on uniswap. This appeals to them greatly. Also, at launch there is always uncertainty of price and adoption that is why the tokens also hold governance over the reward requirements as well as other important decisions of the platform. As the price grows and we have a baseline of of our average holders we will be able to have the community vote on the changes. We expect the first vote to be relatively soon.

Mary | Satoshi Club: Do you know approximately how many tokens user will need to hold to vote?

Crypto Rick – YT: We will make this minimal and likely just 1 ENOL to be eligible to vote, We are finalizing the voting details now and should have something ready for the public in the next week or so.

Mary | Satoshi Club: Ok, do you see yourself as a some kind of VIP project, because, in fact, the price of gas is of interest to those who can not buy 100 of your tokens?

Crypto Rick – YT: No, as mentioned we will be having the community vote, 100% cash back rewards for everyone wouldn’t be sustainable so yes the 100% tier needs to be priced a bit high but that is why we also have lower tiers where everyone can benefit. Even a holder earning just 20% cash back rewards can quickly get to $50 or $100 in a day if they are a uniswap trader.

As we have seen Gas fees in bull markets can exceed $50 per transaction

Mary | Satoshi Club: Ok, it’s clear for me

D. | Satoshi Club:is it possible that you will reduce minimum requirement for holders? like holding less than 2 tokens for ‘cashback’?

Crypto Rick – YT: Yes absolutely, that is what the governance on the token will vote on. As price increases we will need to keep decreasing the amount of tokens needed for each tier.

D. | Satoshi Club: ok, understood

Q3 from telegram Username @KevSalom

Seeing your total dependence on Ethereum makes me think: what will happen to Ethanol Token if for some reason Ethereum disappears or stops being used? Would you disappear too or is your project adaptable to some other network?

Crypto Rick – YT: That is a great question, If Ethereum disappears the entire crypto market would crumble around them, however our team is already developing ways to integrate other blockchains and issue cash back rewards for those as well. We see ourselves providing cash back for miner/transaction fees on Bitcoin, BCH and many others. Ethereum is only the beginning, we chose to start with them because right now their gas fees are one of the largest pain points in crypto.

D. | Satoshi Club: it’s very hard to imagine that Eth can disappear

Mary | Satoshi Club: Yes, true. Which platform do you consider to be the next?

Crypto Rick – YT: BTC will likely be next simply for the adoption. fees are pretty low now but so many transactions happen on that network that it can grow awareness of the project quickly.

Mary | Satoshi Club: Did you already started with this? Do you know how to integrate your platform?

Crypto Rick – YT: yes the development has already begun. This will be a very exciting development once it is completed. There are a lot of tools out there that when used properly can help you integrate everything. The possibilities on the blockchain are endless

Mary | Satoshi Club: Great, one more thing we are waiting from you

Ready to go forward to the next question?

Crypto Rick – YT: The beauty of our project is it will never be “Completed” we will always look for new innovations

sure am!

Q4 from telegram Username @ovkneze_big

On your logo drop and fire, it looks like you borrowed your drop from gasonline, why did you choose such a logo? What is its significance? And, if I already see the flames, I would like to ask – what is your program to maintain fire prices and liquidity of your token? Is a token burn possible?

Crypto Rick – YT: The name and logo are a play on the “Gas” fees. Ethanol is an alternative fuel to regular fossil fuels. The Ethanol token in sense is doing the same thing. We look to disrupt the gas fees in a similar way to how alternative fuels are disrupting the oil industry.

A token burn is not needed since we already have a very low supply of 10,000 with no mint feature. We locked 95% of all ETH in liquidity from the presale and we are also rewarding LP providers on uniswap with weekly rewards. They share 10% of the reward pool each week based on the % of liquidity they are providing.

D. | Satoshi Club: so no plans for burning? ever?

Mary | Satoshi Club: Ok, so you will burn our losses in the name of profit

D. | Satoshi Club:haha

Crypto Rick – YT: At this time there would be no reason for any burn. That is just a fancy marketing ploy. The reality is 10,000 tokens is not a lot and has no reason to have an additional burn. If things change in the future the governance of the tokens will vote on it.

D. | Satoshi Club: ok, i can understand this. thanks for answer!

Q5 from telegram Username @konditer_rolex

There is a nuance that haunts me. If I understand correctly, I connect to your platform using Metamask. When I transfer any of my tokens to the exchange, you charge me an ENOL token. This is cashback.And in order to pick up ENOL do I pay for gas again? For this you give me ENOL again… I get a vicious circle that will break when I run out of Ethereum in my wallet. Explain how this will happen and is the total supply of ENOL limited?

Crypto Rick – YT: I am not really understanding the question. You simply buy ENOL from Uniswap just like any other token. Once you have the required amount in your wallet you will see your rewards build daily in the dapp. You choose when to withdraw your cash back. Yes, any interaction with the blockchain requires gas and that is why holding this token is so valuable.

As for the 2nd part the reward pool is built from a 4% transaction fee similar to a burn. Instead of going to the burn address it goes to the reward pool. Also when you withdraw your cash back 10% of that will go to the reward pool to make sure it continues to have enough tokens to pay rewards. If the pool ever starts to shrink too fast that is again where governance will come in. The holder will have the ability to vote on the needed changes to reward tiers and holding requirements.

the cash back comes from any and all transactions in the same wallet you hold ENOL in. there is no “loop” so after the AMA if you need further clarification please join our telegram and we will walk you through the process 🙂

Mary | Satoshi Club: Can you tell me which is my last action in the chain 1. I got cashback …

Because i understand the question and it’s really interesting

Crypto Rick – YT: What do you mean by last action? As long as you are holding the required amount of ENOL you will continue earning cash back on any and all ETH gas fees in that same wallet

Mary | Satoshi Club: Look

Crypto Rick – YT: you will in fact earn cash back on the gas fee you paid to claim your rewards as well

Mary | Satoshi Club: 1 i made transacton

Can these rewards be accumulated or i have to withdraw each time?

Crypto Rick – YT: yes you choose when to claim your rewards. most people agree it makes sense to let them build up so you are not spending so much gas

Mary | Satoshi Club: they build up until you choose to claim, you can let them build for a year if you want

Mary | Satoshi Club: Ok, now i see light in the end of tunnel

Thank you

Crypto Rick – YT: haha yes that is where the confusion is. No need to claim daily, they will just grow and grow

Q6 from telegram Username @apocan99

Scheduled Transactions is a very innovative feature which allows to specify timing. I also see that transactions can be scheduled based on the fees. How is that determined, does the user select the fee amount or is there an algorithm for that? Many users will set many scheduled transactions. To perform this, Ethanol system will have to make several continuous checkings. Doesn’t it have any effects on the speed of network?

Crypto Rick – YT: The users will choose the fees they want to pay and once the gas cost is within their range the smart contract will execute the data. The beauty of things like oracles and chainlink is they bridge the gap between off chain and on chain data very nicely which makes this much less stressful on any network than it would have in the past.

Mary | Satoshi Club: Do you have guide how it will work?

Crypto Rick – YT: When the feature is ready there will be documentation and how to guides showing this, but again we cant give too much info before launch or the copy cats will use that to their advantage

Mary | Satoshi Club: When it will work?) Do you have any terms?

D. | Satoshi Club: i thought you are already launched.

Crypto Rick – YT: We do not want to quote dates or times right now as unforeseen issues might arise but the team is hard at work as we speak. We will give more details on the timelines when available.

The cashback Dapp is fully launched, scheduled transactions is a future feature

D. | Satoshi Club: ohh got it!

Mary | Satoshi Club: Ok, we have third thing we are waiting from you

Crypto Rick – YT: as we mentioned we will never be “Completely launched” because we are always looking for new ways to change the game

Mary | Satoshi Club: Sure, infinity development 😉

Crypto Rick – YT: No true company can ever be done innovating 🙂

Part 2 — live questions from the Telegram community

Q1. from Telegram user @ Jonahapagu

The concept of Rewarding users cashbacks and Refunds of their gas fees is a much needed one within this Space but with the coming of Ethereum 2.0 we are all expectant of having consistently low transaction fees on the ethereum network.. don’t you think this will affect the onboarding of your target users to EThanol because when gas fees becomes neglible people will no longer be much interested in getting refunds… what are your plans to ensure that Ethanol remains relevant even in times of extremely low gas fees.. will you also be integrating other chains with high transaction fees like Bitcoin…

Crypto Rick – YT: Ethereum 2.0 has faced delay after delay and out of the gate will not have a large impact on gas fees. In anticipation of this we are already working to integrate additional blockchains such as bitcoin and other top coins. There will always be a fee, so there will always be something to reward.

Q2. from Telegram user @DiegoRME

When holding your tokens, how many do I need to enable the cashback rewards?  And are there different levels of rewards in their cashback system depending on how many tokens we have in long-term hold?

Crypto Rick – YT: Once you are holding the correct amount of tokens you will be eligible for rewards automatically, you do not need to do anything. The Etherscan API, chainlink and our smart contracts are automatically tracking and calculating rewards for that eallet. They will be added to the dashboard daily and you can choose when to withdraw your rewards.

Rewards for holding tokens are below

2 – 4.9 Tokens = 10% Cash Back

5 – 9.9 Tokens = 20% Cash Back

10 – 19.9 Tokens = 30% Cash Back

20 – 29.9 Tokens = 40% Cash Back

30 – 39.9 Tokens = 50% Cash Back

40 – 99.9 Tokens = 60% Cash Back

100+ Tokens = 100% Cash Back

Q3 from Telegram user @AmitGoyal1444

I am interested to buy $ENOL please tell me Where I can buy this or you Can send me link to access this directly??

Crypto Rick – YT:ENOL is available only on uniswap.

https://info.uniswap.org/pair/0xA8BEf252AfAc1D6263F22C1e4F33f3777ED30Bd6/

We are looking at other DEX but we have no interested in centralized exchanges at this time just based on the nature and technical aspects of the project.

Q4 from Telegram user @warny

Why is the team behind ETHANOL anonymous, don’t you think it can affect investors decisions ? Do you plan to disclose the identity of the team in the future ?

Crypto Rick – YT:The team is not anonymous, myself and other team members are publicly available on the Website. I am a public figure here in the USA and would not jeopardize my livelihood or freedom by working in this capacity with a project that was not fully above board. 🙂

Q5 from Telegram user @melanintrish

So only ENOL holders would be able to earn this cash back right? no plans for nonholders.

Crypto Rick – YT:Correct only holders of the required amounts above will be eligible for rewards, you must hold to get the perks which will increase demand and with such a limited supply and an increasing demand you can see what the true potential really is.

Q6 from Telegram user @waybesuricata

Regulations for projects is very important. Projects can be banned in many countries because they do not use the appropriate regulations and permits. How do you solve this problem?

Crypto Rick – YT:Agreed! The largest issues arise when a project has no use case. We can all agree the utility of ENOL is not debatable meaning as a utility token it does not fall into a high risk category at this time. Things may change down the line and we are prepared to adjust accordingly to make sure this never becomes and issue.

Q7 from Telegram user @Corrie_Dorf

Hello I’m from Korea. did you know there’s many potencial investor comes from Korea, do you have plan to create Korean Community group and facilite us to get more closer and better knows with your project? And also to expand the market on the korean exchange?

Crypto Rick – YT:As our community grows we will evaluate the need for additional communities. We are not interested in any centralized exchanges because the trades would not have the 4% transfer to reward pool and the holders on the CEX would not be eligible for any rewards since they don’t truly own those wallets.

Q8 from Telegram user @cemtoscu

Me and most crypto users are afraid of scam projects because lots of projects just have taken the cash and got away. Could you please tell us why should we invest to ethanol project?

Crypto Rick – YT:The reality is investing in crypto is always risky. We have taken steps to show the risk is minimal with our project by having public faces for the team, locking liquidity on unicrypt for 1 year and having no mint function on the contract.

Q9 from Telegram user @boradam

After I invest and be in the ethanol community, will I earn a vote privilege for governance?

Crypto Rick – YT:Yes we will be announcing the requirements for governance in the coming days. The token holders will decide on all future changes to the important aspects of the project including reward payouts and required holdings.

Q10  from Telegram user @K2ice

You said you will pay users for their gas fees if a pushed guaranteed transaction doesn’t reach its limit. Does this include paying users like whale for huge gas fees lost?

Crypto Rick – YT: If the user was using a huge gas fee the chance of a failed transaction becomes nearly nonexistent so it will be a self monitoring system. There will also be safeguards in place to ensure no users can manipulate the system.

Part 3 – Quiz Results

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

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

English Telegram group: https://t.me/Satoshi_club/

Russian Telegram group: https://t.me/satoshi_club_ru/

Spanish Telegram group: https://t.me/satoshi_club_spanish/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/EthanolToken/

We are pleased to announce our next AMA on December 3rd 2020 at 04:00 PM UTC Time: Satoshi Club x Alien Worlds

⚠️Click to see the hour
⚠️Total Reward pool: $4700

The reward pool will consist of Land packs, Trilium tokens, 60 Standard packs, 40 Rare packs, and 100 Promo Packs

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Alien Worlds Telegram group

We will have the following structure:

Part 1: 600$ /12 users – We’ll select 12 questions from the community. A user can post maximum 3 questions. 12 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 600$/15 users – Open chat for 100 seconds. You can post Max 3 questions. Alien Worlds Team will select 15 questions and answer them.

Part 3: 3500$ – A quiz about Alien Worlds

For more details:
Alien Worlds – @AlienWorldsOffical
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

BarterTrade is an ecosystem of various products within the suite. Ultimately working with each other interoperably. All centered around a spot exchange with unique trading products.

Today we are glad to tell you about the AMA session with our friends from BarterTrade. The AMA took place on November 28 and our guests were @yaanurag, @hodls and @ManmeetBT

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

---

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello, Satoshi Club! We are happy to announce our AMA session with Barter Trade! welcome to Satoshi Club 😀

Gold Rocket | Satoshi Club: Welcome to Satoshi Club, @yaanurag @TheEdge76 @Logomina @hodls @ManmeetBT!

Anurag Yadav: Thanks a lot for the welcome. Really happy to be back again. And, thanks a lot for the wonderful support the last time.

Mary | Satoshi Club: Satoshi Club already had AMA with Barter Trade on 16th of August. Could you tell us what had changed on your platform since that time? Which goals already reached, which are still on line? Sure, you have a lot to tell us. 😀

Alexi: From a project management perspective, we’ve reached many milestones. Apart from successfully raising community awareness, we’ve been able to successfully test our test net… and uphold the highest standards of development. As mentioned many times in the past, we want to launch with a product we can finally stand behind, and so far the quality has been great, and I think we all look forward to Dec 7th.

Anurag Yadav: Post successfully fund-raising and reaching our Hardcap in record time, we have just been working heads down to get our Exchange Live to our Users. This has been a really hard sweat and toil journey and we have loved every bit.  On average the development team has been working nearly 15-16 hours a day (sometimes even on Sundays) to get all bugs, security fixes sorted and get the exchange to the stage of Launch.

In the process we also a health scare where a number of our Developers tested +ve for COVID19 and hence our Delhi office was closed and we went to Work-From-Home, which we are again stopping shortly.

So, I want to place on record my gratitude and heartfelt thanks to the wonderful Technical team led by our CTO – Priti. We are now ready to Go-Live on 7th Dec. And, I can’t be more proud of what the team has achieved. That’s for the Technical Team. On the Business and Marketing front, our team has been very active as well.

We have been adding new partners building new relatiosnhips and running an extensive internal community engagement and growth programs, led by my superb teammates @hodls @TheEdge76 @ManmeetBT @Logomina – just to name a few

Mary | Satoshi Club: Do you have new partnerships, btw?

Anurag Yadav: Now as we are in the final lap of Launch our team members are now stationed in the UAE as we in the process of incorporating our Exchange there as well (along with the current locations of Hong Kong, Estonia) to service the Middle Eastern & North African Markets.

We are also in the process of finalizing the incorporation in India as well. And, the final bit of work going on is in the overall Legal and Regulatory and Compliance setup before we Go-Live.

So, work is going on all aspects…as we now graduate from being an Exchange Project to a full-fledged business in just 10 days…It’s both exciting to see the fruits of our labor ripe and also a little intimidating…so some nervous energy. 😊

Manmeet: There have been a lot partnerships related to legal, tech and operational partnerships that are of great value. These partnerships add little to the marketing value hence are not public. Next quarter will be really huge for us as we are exploring a lot of DeFi stuff and our discussions with a number of projects which once matured will be in public knowledge. Our Aim is combine the best of both i.e. CeFi + DeFi.

Q1 from Telegram user @Corrie_Dorf

The two biggest dilemmas in crypto are the Liquidity issue and volatility issue. What steps BarterTrade is taking to tackle these two dilemmas? Does your Exchange easy for newbies? KYC is a must to fully enjoy your service?

Alexi: I’ll break the question up into parts… Is your Exchange easy for newbies?

Yes the ecosystem was built for this purpose actually. To level the playing field with advanced traders. It has a beautiful user interface and offers comprehensive and thoughtful trading experience through products like algo trading and pie algorithm, which are both very intuitive and easily presented. We pride ourselves in providing an “exchange that empowers you”.

FATF regulation requires a level of KYC, we’re trying to make this as minimal as possible and obviously for the time being lower tiers won’t require it, but we are globally incorporated and aim to be compliant, failing to do so becomes an existential risk. That being said we’re in ongoing talks about encrypting KYC through a 3rd party service provider, which is kept on a cloud. Data privacy is our topmost priority.

Anurag Yadav: So, despite us having a series of differentiated features, we like any other Exchange business have these as our key internal business proposition development critical component. We are taking a number of steps to address these topics. First and foremost is to partner with a number of reputed service providers to ensure that our Users get the same Trading experience as they would from any top exchange.

The idea is to build on the original vision of being a standout community oriented exchange and not merely be another exchange which is either expensive, have little trading volume (as settlements are long), or have fake volumes… All this requires as to consider to Liquidity as central to all our offerings. And, have taken all the steps towards it.

Mary | Satoshi Club: You know, i was a bit lost first time on your site😂 do you have step-by-step guide how to use it?

Anurag Yadav: This is a great insight and I am always on the lookout for such feedback. From what I have learnt from most early users we have a great UI. But, I would certainly love to hear from you (in a separate discussion) how you felt lost whenever you navigated last. And, I would be sure to utilize your inputs to further improve the User Experience. Because, User Experience is something that we want to completely hone in. 😊

Mary | Satoshi Club: Will you have some services which won’t require KYC?

Alexi: Sure, there’ll be lower tiers and appropriate requirements or lack thereof.

Anurag Yadav: Up to a certain threshold KYC is not required. Beyond which for Legal reasons KYC would be mandated.

Alexi: Funny thing is we find that usually the users asking the KYC question are the “beginners” who aren’t aware their private wallets are already been catalogued by some of the leading KYT providers in the space through various techniques. The more advanced users are familiar with FATF and clustering analysis software and understand the risks of being identified outside of our ecosystem anyway.

Q2 from Telegram user @Brainchest

How far are you willing to go in being open to the public and putting out open source? Aren’t you afraid that this openness could be exploited by hackers? Knowing Your code makes it easier to find holes to crack.

Alexi: The question has part of the answer in it. Being an exchange we always need to be careful with what is publicly available code so as to avoid exploits. Out CTO is quite familiar with this process and we only share responsibly and in the interest of public transparency. For example, our audit was made public, as we were confident at that point it was bullet proof.

https://bartertrade.io/BART_Secondary_SC_Audit_Report.pdf

Q3 from Telegram user @magic2crypto

I see that you have allocated 30% of BART as a so called “company reserve”. It’s a big enough qty, let’s say it’s near the same qty(28%) as you have allocated to sales to investors. What is the purpose of this reserve? How will you use it? And how can investors be sure that the reserve will not unlock before 60 months of the vesting period ends?

Alexi: An exchange is a very capital intensive endeavor. Reserve is in place to support liquid order books and ensure a healthy market among other key objectives. We also require these funds to scale through our ambitious but achievable roadmap. The vesting/locks are available on etherscan to verify that the contract for team and company vesting is time-locked with tranches. Our raise was very small in total, so that 30% can be deceiving.

Mary | Satoshi Club: What about your roadmap? Do you have some goals, which are still pending? 😀

Alexi: So far (and when our mainnet launches soon) we’ve achieved everything on our roadmap, we look forward to the checkpoints ahead too, and meeting them meticulously.

Mary | Satoshi Club: Can the total numbers which are time-locked?

Alexi:

Q4 from Telegram user @zaferce

What are the special membership cards you have prepared for BarterTrade users and what premium features will they unlock when purchased? Do these cards provide additional discounts for those who hold BART tokens?

Alexi: The incentive tiers will be in a digital format for the time being. We’re exploring cards and they are in the works for the future. We’ve actually started an NFT system that may serve this purpose shortly. Exact reward hasn’t been announced yet. (Other than the very rewarding referral system that is). Thus far 90 NFTs have been distributed. Almost faster than our fundraise. 😂

Mary | Satoshi Club: Your NFTs are really attractive.

Alexi: Thank you, more on this to come!

Mary | Satoshi Club: They are the same or have some premium levels?

Alexi: 3 levels and scarcity, accordingly. bronze gold platinum NFTs thus far as part of the #mainnet series.

Mary | Satoshi Club: Oh, that’s nice 😀 we are waiting for your next steps in this field.

Alexi: Yes this is a vertical we plan to build on. I think NFTs have huge potential utility and incorporating them into the product is quite unique, I haven’t seen another CEX do it.

Q5 from Telegram user @Jonahapagu

BarterTrade did a $BART Community Burn… allowing users to voluntarily burn $BART Tokens…. what incentives do you give user who voluntarily burn $BART tokens… and why did you decide that users should send exactly 3000 $BART to the burn address… what if a user wants to burn more than that or less?

Alexi: 3000 was for that specific activity. It sounded fair at the time. Generally we’re quite aware of the attractiveness of a deflationary token economy, and as a result it was decided to center an activity around that.

BarterTrade foundation will be undertaking burns too, with ~15% of quarterly profits. We want our supply to eventually be 120m, down from the form initial 240m. It’s all part of the mechanism design and initial concept.

Mary | Satoshi Club: So, how many burns did you already have?

Alexi: No foundation burns yet. That’ll come with profits 🙂 only the community burn event.

Q6 from Telegram user @Cakelov

I read that one of your best feature from your exchange is Social Trading, which allow a trader to copy from one of the top rank trader. What is the requirement if we want become one of the top ranker in Social Trading? What is the benefit of become one of top rank and have much follower who copy all your trade?

Anurag Yadav: There is not a requirement as such. One should have a demonstrated background and experience in successfully trading for a period of time. Once we assess that and find that you fit into the basic criteria, then we will let you be one of the Leader on the Leaderboard which others can follow.

The first and foremost benefit is financial. You are a Leader will earn from the successful trade of your Followers. But, besides money, it is also about reputation as you would get public visibility and there will be credibility attached to it. So, a lot of things will be around building a reputation that others can trust on to…

Mary | Satoshi Club: So, it will be exactly like in social networks.

Anurag Yadav: Yes, but, we have our own variations and enhancements.

Alexi: Yes although like Anurag pointed toward there’ll be a strict criteria/framework behind what’s deemed a reputable master trader, to keep others safe.

Mary | Satoshi Club: Social trading will also start on the 7th of December?

Anurag Yadav: This will be the first major release Post Go-Live.

---

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 80 seconds; a lot of questions were posted by Satoshi Club community. Our guests chose some of them.

Q1 from Telegram User @katie1508

When does Barter Trade support “STAKING”?

Alexi: Staking is currently powered by Ferrum Network and their unique Unifyre wallet product. There is huge demand for staki ga me we know this… Eventually this will be absorbed, and a more sustainable staking system will be natively incorporated. Thus far we have done 4 staking events through Ferrum and the demand has been massive.

Q2 from Telegram User @turgut47

What are the features of BARTER TRADE you think can be a trump card for it?

Anurag Yadav: We have some unique features that we have been thinking about finessing for a period of time…chief among them being, Social Trading, Algo Trading, and a number of other features such as our Desktop Trading Platform, EasyPay to name a few.

Q3 from Telegram User @cryptovgh

I am new to crypto, what is meant by ALGO TRADING? I have heard about future, margin and spot trading but not about this ALGO TRADING offered in your exchange, could you please explain about it little a bit?

Alexi: Sure, so algo trading basically enables the capacity to trade using technical indicators as inputs. So for example: you can have an algo to buy/sell at specific levels on moving averages (as these aren’t static). It’s what a beginner trader does anyway, only now it can be automated. Algo trading is often referred to as High frequency trading as it allows traders to move in and out a lot faster, based on conditions they input.

Q4 from Telegram User @Pannicota

BARTERTRADE is a GOOD new exchange with many partnerships, many OUTSTADING functions and ultilities but appeared a PROBLEM that there are many NEW EXCHANGE like $BARTERTRADE born EVERYDAY, EVERYSEC, HIGH COMPETITIVE LEVEL, and most of people focusing on BIG EXCHANGE like Binance, Huobi,… So how will you solve about that USERS PROBLEM?

Alexi: I couldn’t agree more, if you look at it macroscopically, it seems like a saturated vertical, however we always look at a more granular level. We see our predecessors not as competition but rather as lessons, in success and failure, and this helps us set our goals of what we hope to avoid and achieve.

Q5 from Telegram User @BboyForteVZLA

The listing of your BART token is currently 4 exchange, do you plan to increase the listing of your BART token or are you satisfied for now?

Alexi: Many of the exchanges that listed us obviously saw the value in the underlying product. Listings are important to maintain a healthy market, however we are an exchange, and we aspire to support our native tokens market and maintain our order books too. Thus for an exchange token external listings are always secondary, not that they’re not important, sure the utility of the token is important and if that can proliferate through the space then it’s a win win for everyone. However that’s based on the underlying value of the product. Perfect the product and the listings will come. (Same way they have thus far).

Q6 from Telegram User @K2ice

Why is BarterTrade regarded to as a complete ecosystem for traders and how can BarterTrade empower users?

Anurag Yadav: We consider ourselves as an Ecosystem rather than just an Exchange is becuase of the range of features and services, we aim to offer to our community. These include a variety of differentiating offerings such as the Market place, EazyPay, DEX, Desktop Trading Platform, Social Trading, Algo Trading, etc. This is going to open up a host of opportunities for our community.

Q7 from Telegram User @KhaleesiTheCryptoLady

You said about taking advantage of the user side by offering thorough extensive bug bounties. How to take part in bug bounties, any form to fill in? How much usually is the minimum and maximum a user can receive in bug bounty?

Alexi: Yes we will leave the feedback for the bug bounty open indefinitely. We feel it’s very valuable to have user feedback, (also being a community run exchange) You can find the ongoing bug bounty here: https://forms.gle/1gGp8XWaA153jMYy8  

Q8 from Telegram User @Eliasbb

What is BarterTrade Pie? What’s the use of this features?

Alexi: BarterTrade pie is our flagship product. It’s an advanced trading tool that makes it easy for any level of users to trade effortlessly. Pie allows traders to set buy and sell orders concurrently, without the need to wait for a previous order to execute. You can set buy at support and sell at resistance without needing to look at the charts 24/7. Basically it’s another level of user-friendly automation.

Q9 from Telegram User @Robotliker

Does your exchange will provide us any special offers and discount like trading fees. to attract more new users?

Anurag Yadav: We have a unique Referral program. Please check it out. It offers an unparalleled level of incentives that no other platform offers.

Q10 from Telegram User @BERTA2020

Currently where can I buy your BART token and what benefits can it offer to hold it in the long term?

Alexi: BarterTrade ($BART) is tradable on these Preferred Exchanges:

– Uniswap: https://uniswap.info/token/0x54c9ea2e9c9e8ed865db4a4ce6711c2a0d5063ba (DEX)

– MXC: https://www.mxc.com/trade/easy#BART_USDT (CEX)

---

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about BarterTrade. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

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

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

BarterTrade.io: https://t.me/BarterTradeofficial

PART 1. Introduction of Flexi Coin project and community questions.

Hello, Satoshi clubbers and guests of this site. Glade introduces to you Flexi coin crypto project.

It is a flexible coin which burns 1-9% randomly on each transaction. The circulating supply is 1000 and will stop burning until 750 FLEXI are left. Staking is with Flexi random APW or APY.

The plan of AMA session:

1.  Part – Introduction and preselected questions.
2. Part – Live questions
3.  The Quiz about Flexi coin project

The reward pool is 500$.

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @madamlobster and D. | Satoshi Club – @Cool_as_Ice

The Representative of the project:

Aaron | WE NEVER PM YOU – @aaronj00

Introduction of Flexi coin

Mary | Satoshi Club:

Hello again, Satoshi Club! We are happy to announce our AMA session with Flexi Coin! Welcome to Satoshi Club😀

D| Satoshi Club:

Hello, again Satoshi club! 😊

Mary | Satoshi Club:

@aaronj00 welcome here😀

D| Satoshi Club:

@aaronj00 hi!

Aaron | WE NEVER PM YOU:

Hey Guys

Mary | Satoshi Club:

How are you today?😀

Aaron | WE NEVER PM YOU:

Thank you for this awesome opportunity to speak in front of nearly 40,000 People. I am doing good today!!

D| Satoshi Club:

Nice! good to have you here!

Aaron | WE NEVER PM YOU:

I will be even better after this AMA!!

Mary | Satoshi Club:

And thank you for coming here! Tell us more about yourself and Flexi Coin project 😀

Aaron | WE NEVER PM YOU:

I am a programmer and a Marketing expert. I have spent the last 10 years programming diff languages such as Python, php, javascript and more.

I entered crypto in 2017, I have written few blockchains from scratch and also have been part of quite a few cryptocurrencies.

Mary | Satoshi Club:

I like your background, so much experience 👍

Aaron | WE NEVER PM YOU:

The FLEXI COIN was an experimental project where we create a limited supply coin. The total supply was 1000 when we started.

We have a flexible burn of 1-9% on each transaction. Right now supply is 859 Coins

As we talk the supply is going down

Mary | Satoshi Club:

When did you decide that crypto needs your project? How much time did it take you to start it?

Aaron | WE NEVER PM YOU:

We thought of creating a FLEXI COIN with limited supply and see how it goes. We created staking with the same thing.

Simple staking

• 11-19% random in fees
• 11-19% random withdrawal fees

All fees go into the reward pool. And is distributed every week.

So overall it less than 2 months to launch this

D| Satoshi Club:

By the way, is this giveaway is still ongoing?

Flexi Coin is doing a giveaway of 1 FLEXI

Please retweet and like this message.

FLEXI coin is a coin with flexible supply and flexible staking.

Total supply 900

Random burn 1-9% on each transaction.

NO presale
Full Developed contenthttps://t.co/CrQZFODzHD

Trade now

— Flexi Coin (@CoinFlexi) November 9, 2020

Aaron | WE NEVER PM YOU:

Yes, it is.

Mary | Satoshi Club:

Great, you will get more retweets now😂 Thank you for the intro👍 Are you ready to start with the questions from our community?😀

D| Satoshi Club:

This is your chance Satoshiclubbers to win a coin, maybe one day Flexi coin would be worth more than 1 BTC.

Aaron | WE NEVER PM YOU:

Sure, go ahead guys. Happy to answer it.

Preselected questions

D| Satoshi Club:

let’s go.  

Q1 from Telegram Username @AmirJosh

I am a fan of projects that have a small token supply, but why did you set your FLEXI supply that low. What is the benefits to the platform and its investors that you issued 1000 supply at the beginning while you can have a 100k supply and burn it until you reach your desired amount of token circulating in the market?

Aaron | WE NEVER PM YOU:

Defi is all about low supply and our reason for keeping a low supply was to make sure that this remains exclusive. FLEXI is exclusive and we recommend everyone to grab a few of the flexi and hold them for a while and see how it will increase over time.

We have staking right now but soon we have LP staking, vaults and more staking pools coming.

Our main idea of staking is to increase more holders and decreasing the supply. The 1-9% random burn will stop at 750 tokens.

We believe to have over 300-400 staked till then. Supply will remain less and with 300-400 circulating supply and over thousands of holders, the price can reach the sky.

Mary | Satoshi Club:

What use cases do you have for Flexi Coin? Is staking just one of them?

D| Satoshi Club:

Till when supply will be decreasing?

Aaron | WE NEVER PM YOU:

Yes FLEXI COIN have staking

Rules:

• 11-19% staking fees
• 11-19% unstacking fees

Both fees go to the reward pool and are distributed to everyone weekly.

Many people have made 2x already in 2 -3 weeks till 750

D| Satoshi Club:

Ok, got it 😄

Mary | Satoshi Club:

Thank you for your answers. Can we go to the next question?

D| Satoshi Club:

But I still able to burn tokens, if I send them to the burn address?

Aaron | WE NEVER PM YOU:

Haha.

Aaron | WE NEVER PM YOU:

Yes buy 100 tokens and burn them. Sure.

D| Satoshi Club:

Q2 from Telegram Username @HurricaneLad

The idea of $FLEXI supply diminishing with each and every transaction is really fun. It’s general knowledge that to burn a token, you have to send it to a burn address which will automatically make the token null and void.

Question: What mechanism do you use to achieve your own burns at every transaction and what happens the burn limit{750 $FLEXI} is attained, will the burning stop?

Question partially covered 😁 

Aaron | WE NEVER PM YOU:

Yes the burning will stop when we reach 750 tokens. The contract is developed in the same way. Yes, it is fun and the best part is that people can buy tokens and keep them and save them from wasting it.

People who trade are losing 1-9% buying and 1-9% selling.

So the best part is to buy them and stake them.

Staking is fun and the Weekly percentage is nearly 13-40%

That is a lot

Mary | Satoshi Club:

Where is Flexi Coin listed now?

Aaron | WE NEVER PM YOU:

Uniswap guys

https://www.dextools.io/app/uniswap/pair-explorer/0xa50106e8229001b1c2540186162cf246ff15d466

Dext the price went up to $350 and we think within a few days we are launching LP staking. APY staking and vaults and we think we can get this past this

Mary | Satoshi Club:

So, now you have a very small market cap😀 do you want to increase it?

D| Satoshi Club:

Your DEXT score is pretty low, do you plan to add more information?

Aaron | WE NEVER PM YOU:

Yes of course we can increase it. We have applied for the Etherscan verification soon it will be past 50.

D| Satoshi Club:

Got it.

Mary | Satoshi Club:

How? 😀 Which steps you will make?😀

Aaron | WE NEVER PM YOU:

We are increasing LP staking soon. it will help in increasing liquidity and increasing investors.

Also, we are releasing Vaults and staking. We are also partners of SMPL coin. We are planning to do something together to attract more investors and increase the market cap and volume

Mary | Satoshi Club:

Nice steps👍

D| Satoshi Club:

Agree. Thanks for the answers! let’s go to the next question?

Aaron | WE NEVER PM YOU:

Sure, go ahead.

D| Satoshi Club:

Q3 from Telegram Username @apocan99

Burning 1-9%, APY-APW 1-20%, Stake-Unstake Fees 11-20%… Everything is random on your system. Why do you prefer everything to work based on “chance”? Doesn’t it cause an unfair platform for users?

Aaron | WE NEVER PM YOU:

This coin is based on the Flexi concept. That’s what I said, FLEXI COIN is for random burn and random fees on staking and unstacking. We kept it random.

Mary | Satoshi Club:

Yes, as I know you’re an experimental coin. What result are you expecting from it?  Do you want to understand if this concept is working?

Aaron | WE NEVER PM YOU:

Yes, we are creating LP staking, vaults, and staking pools in FLEXI COIN. It is going to be awesome and the strategy and rules are relatively new and never ever been used in crypto. So we hope for the best.

Mary | Satoshi Club:

Thanks,😀 Ready to go forward to the next question? 😀

Aaron | WE NEVER PM YOU:

Sure, I am always ready.

D| Satoshi Club:

Q4 from Telegram Username @zaferce

How much importance will you attach to cryptocurrency stakers. What incentives do you plan to offer for them to take a share in the FLEXI token?

Aaron | WE NEVER PM YOU:

We have a staking pool right now. We pay them 13-40% weekly. The stakeholders pay 11-19% staking fees. Monthly rewards will be around 50-200%. We have LP staking coming soon which will help people to increase liquidity in the pool and earn more FLEXI.

Mary | Satoshi Club:

Btw, some users couldn’t find your site😀

https://flexi.finance/

D| Satoshi Club:

Thanks! I was one of them 😁

Aaron | WE NEVER PM YOU:

Lol. We will include it in the group pinned message.

Mary | Satoshi Club:

And good incentives 😀 Also, what incentives to work on the project has Flexi team?

Aaron | WE NEVER PM YOU:

We are creating LP staking soon and we will have great incentives coming soon. We will release them here

https://t.me/FlexiCoinAnnouncements

Aaron | WE NEVER PM YOU:

You can join the group and stay updated with the project.

D| Satoshi Club:

And follow Twitter as well https://twitter.com/CoinFlexi

Mary | Satoshi Club:

Sure, we will👍

D| Satoshi Club:

Thank you! I assume this question is covered, let’s go to the next one.

Q5 from Telegram Username @PaoloMonte87

Are the random staking/unstacking fees calculated and recalculated any time the staking/unstacking function is called? If so, it would be very easy for most people to cheat, by simply canceling the pending transaction and retrying, until they find a favorable fee price. So, suppose you’re aware of this potential issue, how is the team circumventing it? Perhaps hiding the transaction fee? Or maybe setting a periodically fixed (that is, not function call dependent) fee? That is, which solution did you come up with to deal with such a situation?

Aaron | WE NEVER PM YOU:

Yes, random staking/unstacking fees are recalculated every time.

If so, it would be very easy for most people to cheat, by simply canceling the pending transaction and retrying, until they find a favorable fee price.

It is not possible to do that in staking. U cant cancel or play withs taking fees. The stake/unstake fees are random and you cant cancel the transaction or know about it anyhow.

Mary | Satoshi Club:

So, it’s impossible to cheat the system? 😀

D| Satoshi Club:

Any plans to audit the contract?

Mary | Satoshi Club:

How you could😂 My fav question😂😂😂

D| Satoshi Club:

Yeah yeah 😁

Aaron | WE NEVER PM YOU:

The audit report for the contract is here

The link for audit (PDF)

D| Satoshi Club:

Great! 👏

Aaron | WE NEVER PM YOU:

Cheating the system is not possible. And if you come across it, please DM me. I will get some bounty for you.

Mary | Satoshi Club:

It’s a good idea for Satoshiclubbers 😂. Thank you and are you ready for the 6th question and the last from this part?)

Aaron | WE NEVER PM YOU:

Sure, man.

D| Satoshi Club:

Q6 from Telegram Username @samuelstook

At the moment, where you are focusing right now? building and developing products or getting customers and users, or partnerships? Could you share it?

Aaron | WE NEVER PM YOU:

Building new development products

Mary | Satoshi Club:

It’s short but exact answer😀 Do you want to add something or we can start with the live questions from our community?

D| Satoshi Club:

@aaronj00  we will open chat for 120 seconds, our community will ask you some questions after we close the chat, kindly select 10 questions from Satoshi club members! are you ready?

Aaron | WE NEVER PM YOU:

Yes

Mary | Satoshi Club:

Great👍 Let’s go 🚀

PART 2.Questions about the Flexi Coin 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 FLEXI Coin 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 @AmirJosh

Where can I buy a Flexi coin? Is there any promo available?

Aaron | WE NEVER PM YOU:

You can buy Flexi from Uniswap

Here is the Uniswap link

Q – 2 from a telegram user @BlankHell

Do you have a plan to create second token along with $FLEXI in future?

Aaron | WE NEVER PM YOU:

We do not plan to create another token in the future but for LP staking we might have another support token to give rewards.

Q – 3 from a telegram user  @zaferce

How will the profit be earned for FLEXI shares to be won by users staking or providing liquidity to the FLEXI / ETH pool, and how will the liquidity share be distributed?

Aaron | WE NEVER PM YOU:

We are still thinking about it and might release it soon. Liquidity pools and more will be introduced soon.

Q – 4 from a telegram user  @KeymerS

What is the long-term vision of Flexi Coin really? And what will differentiate it in the long term from multiple similar projects?

Aaron | WE NEVER PM YOU:

FLEXI coin is just not a coin. It’s just the beginning, we have just started and as we told everyone this is just the starting of dev, we have vaults, staking pool, lp staking, and more coming. So i guess we will call it just a starting.

Q – 5 from a telegram user @brodzonl

Hello @aaronj00 👋
About FLEXI coin on Twitter,
FLEXI coin is a coin with a flexible supply and flexible staking.
Total supply 900
Random burn 1-9% on each transaction.
NO presale
I saw that post before this showed a smaller supply than this one. Does this mean that supply is flexible and it is changing, is there any limit for burning per transaction, does burn rate depends on the amount that is being transferred?

Aaron | WE NEVER PM YOU:

The min supply will be 750, it can’t go lower than that.

Q – 6 from a telegram user  @DiegoRME

What are the plans you have prepared for 2021?

Aaron | WE NEVER PM YOU:

Yes we have

a. LP staking coming

b. Staking Pools

c. Vaults coming really soon

Q – 7 from a telegram user  @BlancaSdF

Flexi burns from 1 to 9%. What decides how much to burn? How does it determine or is it random?

Aaron | WE NEVER PM YOU:

It is a completely random function. If you check the solidity code, you can check it is random.

Q – 8 from a telegram user  @konditer_rolex

How is the work on vaults, Liquidity pools, and staking pools progressing and how ambitious are your plans for the number of pools?

Aaron | WE NEVER PM YOU:

We think we will be able to launch it really soon.

Q – 9 from a telegram user @leixagarcia

Why is the total supply of $FLEXI so low at only 1000?

Aaron | WE NEVER PM YOU:

We aimed to keep it exclusive and that is the reason for keeping it only 1000.

Q – 10 from a telegram user  @apocan99

What are you planning to do after Flexi Vaults and Swap functionalities are activated, any new features in mind?

Aaron | WE NEVER PM YOU:

We are planning to add more staking pools and new use cases for the coin.

Part 3 – Quiz about FLEXI Coin project

In the final part, we would like to check your knowledge in terms of Flexi Coin 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: Flexi Coin

Telegram group  |  Telegram Chanel  |  Tweeter  |  Website  |  Uniswap  |  Contract  |  White paper 

Our whole life is a game, and if it is combined with earnings and blockchain, it turns into a real pleasure. And today we would like to tell you about the AMA session with our friends from AnRKey X. The AMA took place on November 30 and our guest was J.D. Salbego. the CEO, Founder, and Art Director of AnRKey X

The total reward pool was 500$ and has been splitted in 3 parts.

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

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

Mary | Satoshi Club: Hello, Satoshi Club! We are happy to announce our AMA session with AnRKey! @jdsalbego welcome to Satoshi Club:grinning:

D. | Satoshi Club: @jdsalbego hello and welcome!

J.D. Salbego: Hey guys!!!! Whos ready for the most fun AMA ever!

Mary | Satoshi Club: Wow, i see a lot if amazing gifs:+1:

J.D. Salbego: Haha yeah! We have fun here! And so are our defi based. NFT games! Power APY boosted NFT defi games!

Mary | Satoshi Club: So, was this your intro or you can give us even more fun?:joy:

J.D. Salbego: You ever played a game an earned crazy APY Rewards and used APY power boosted. NFT weapons!??? hahah No this was just me going crazy in your AMA! Hahahah

Mary | Satoshi Club: No, but i am ready:joy:

J.D. Salbego: Ok! Hi, my name is J.D. Salbego. I’m the CEO, Founder, and Art Director of AnRKey X. You can learn more about my background on my official site https://www.jdsalbego.com/

AnRKey X:tm: combines DeFi and eSports gaming for users to compete, purchase and stake unique NFTs and win valuable rewards. Our website and twitter are www.AnRKeyX.io https://twitter.com/anrkeyx

Launching mid December so very soon! BUTTTTTTT! We are launching our Betz v.1.37 HUMAN TESTNET//MAINNET launch first.

We have 15+ plus of the top DeFi inlfleuncers who invested in us. So they. Were dying to get to be the first humans in the test. So we will do a big campaign walking them through how to play the game and record video. Zooms with. It! So then they can show you the community. First what they thought. And then if they find any things that we could do ro make it better then we will update over the holidays and realizes to you. Guys beginning of January!

Mary | Satoshi Club: They invested or they are hired for promo? I mean they really invested their money or invested their time?:grinning:

J.D. Salbego: Hahaha UHMMMMMM They invested NOT HIRED FOR PROMO

Mary | Satoshi Club: Lol, sorry:joy:

J.D. Salbego: Actually most. Of our company inclusing myself are infleincers. We have been in crypto wayyyyyy before the DeFi boom. I started in 2015. You can watch videos of me speaking around the world on my YouTube channel! https://www.youtube.com/watch?v=dUw_YKRxSmE

I speak around the world as subject matter expert in crypto, blockchain and Defi. I’m also a featured contributor at Cointelegraph. This article I wrote that trended is why I got into DeFi and blockchain!! https://cointelegraph.com/news/master-of-puppets-bitcoin-cuts-the-strings

Mary | Satoshi Club: And you entered it ready with your own project:+1:

J.D. Salbego: So. Yeahhhh! We actually dont need other influencers TBH hahah no I got into crypto advising projects during the ICO days held CEO,COO and other executive positions

Mary | Satoshi Club: Do i need gaming experience to join your platform?)

J.D. Salbego: Nope!

Mary | Satoshi Club: I am in then:joy:

J.D. Salbego: As long as you know about defi, unsnap, and simple app games like candy crush, mafia wars, farmville etc then you will get it. One of th big things in defi now os that it is too complicated! We are. Building a very simple and easy to use defi, yield farming and NFT boosted games And we have a very detail game instructions site with FAQs too And a full ZenDesk backend for. Customer support! Plus thats where the community. Governance and voting channel will be!

Mary | Satoshi Club: So, just my laptop and your platform?:wink: And i am in?

J.D. Salbego: BTW! Yep! We are web daaps just a computer and iinternet. And just for staking $ANRX you will receive 25% of. All our traction’s on our gaming platform It! Watch! Check this out! https://youtu.be/szZ6nmeuZxc

• 

Heres how you play!

• 

Heres a little teaser of our NFT designs. Btw we have some very cool activities happening right now on our community!

D. | Satoshi Club: what a beautiful woman’s voice in this video:smile:

J.D. Salbego:

• 

41 X Oversubscribed 🤘:fire:🤘

In less than 3 days!

We could raise a whole other full private sales and public sales round (2 X what we originally raised) just with the over-subscription here
:fire::rocket:

4024 entries x $500 invested = $2,012,000

We set aside a small remaining $50k allocation of our private 2 sale for our community building up to our Public Sale on 12/7. Stay tuned for the major announcement in a few days of who our launch partner is!

🤘🤘🤘🤘🤘🤘🤘🤘

#AnRKeyX #AnRKistRevolution
https://gleam.io/ctshn/anrkey-x-airdrop-lottery-for-anrx-allocation

Make sure you join!!!

Mary | Satoshi Club: Sure, i think a lot of users will join you:wink:

J.D. Salbego: Its pretty exciting! Our team is working 24/7 right now!

Mary | Satoshi Club: Yes, it’s really mind-blowing 😂

J.D. Salbego: I drink like 30+ cups of coffee a day haha Ands way to many cigarettes haha

Mary | Satoshi Club: I see, your speed is unbelievable 😂

J.D. Salbego:

• 

Heres some of our devs backgrounds and companies they work with yeah Coffe coffee hagahah We take this project very seriously. Its a very long term vision. Not just a fake use. Case like many projects. Our token is actually necessary for everything. That why its our Arcade COin. You have to use it! Thanks!

Mary | Satoshi Club: Where we can get your token?🧐

J.D. Salbego: Coming soon! 12/7/2020

Join our communities to get info on this major event!

And we will announcing the major partnership public sale platform in a couple days!

Mary | Satoshi Club: Great, we are ready for this event :tada:

J.D. Salbego: Just look. How. Many people signed up fo this 14,000+ people! https://gleam.io/ctshn/anrkey-x-airdrop-lottery-for-anrx-allocation

D. | Satoshi Club: already 13311Entries:+1:

J.D. Salbego: wait, Before we go to next part check it out!

If you have VR headset out then slap them on and step into the AnRKey X virtual reality world! This is our official Tokyo headquarters — The AnRKey X Virtual NFT Art Gallery and Event space. We are integrating a purchase point where you purchase NFTs directly within our virtual NFT art gallery

We’ve done a couple events already in here last month. We just updated with the public sale info too! Its actually prime virtual real estate in Shibuya Tokyo — the art, fashion and design center of Tokyo! You ready to have your minds blown?! Step on in right now! Just click the link!

https://www.cryptovoxels.com/play?coords=S@350E,634N

We are not playing around here at AnRKey X! Hahah

Mary | Satoshi Club: See, Satoshiclubbers, it’s your game and virtual reality :+1:

J.D. Salbego: Yep!!! Satoshiclubbers all for you guys!!!

Mary | Satoshi Club: We are with AnRKey:+1:

J.D. Salbego:

• 

Blockchain and gaming is in your DNA…did you know that? We used evolutionary game theory win our math logic models in our smart contracts

Mary | Satoshi Club: Yes, i can feel this:joy:

Q1 from Telegram user @arlarson

You are the first project to combine the esports with defi and add NFT on top of that. Esports is very popular nowadays and it doesn’t feel like it needs defi connected to it. What specifically new did you bring by applying defi to esaports?

J.D. Salbego: Ok! Well….. We bring all our community channels and discord channels right into our game interface next to you while you play! You can see all your eater teams stats for farming, APY boosts, how many NFTs they’ve done, etc You can actually jump into the other. Pool armies you are competing against and talk smack, brag about you scores, etd Its all virtual team based defi and APY NFT gaming! Here check this! Very cool! This will explain everything and have a whole section on our eSports integration!

• 

BIG ANNOUNCEMENT!!!!!!
Here’s the moment you’ve ALL been waiting for!
Check out our #AnRKeyX official #lightpaper Medium version!
Leave us your question or comments and show us some love and clap if ya dig what we’re doing!
https://anrkeyx.medium.com/the-rarest-nfts-of-2020-introducing-anrkey-x-b97e72bf8831

You have never seen a game dashboard with as many APY and framing stats that we have and all game actions to win and boots even more APY!

Mary | Satoshi Club: By this you mean that eSports don’t have NFTc and so many features like AnRKey has?

J.D. Salbego: Yep! But its not that esports doesn’t need defi. That like saying the iPhone doenst need another incredible chip or graphics card. Processpr. They are seperate. We brought esports into defi and NFT games

Mary | Satoshi Club: It makes sense :joy:

J.D. Salbego: No one has done this yet Or anything like this

Mary | Satoshi Club: I got this!

J.D. Salbego: We are not changing or trying to improve esports its the opposite actually. Haha good I made my pima clear i guess LOL

Mary | Satoshi Club: I think you will have your own project which will be unique 😉

J.D. Salbego: Just. Join our commnity and watch all the amazing activities and releases happening right now

D. | Satoshi Club: https://t.me/anrkeyxofficial

Q2 from Telegram user @Winterkom

What is m$ports? Will it be the commercial name of AnRKey X? Or is it the platform to develop the games? You can explain us what this industry is about.

J.D. Salbego: hahaha,I know. I. Was saying to teh community about the last answer. hahah. Ok cool. m$ports is a new game industry and genre we created by merging DeFi liquidity mining, eSports, and NFTs into one

Its played on our gDEX which created and means Decentralized Finance Gaming Platform Exchange. m$ports stands for Money Sports. Because you are playing competitively with teams for APY rewards. Our first m$porst genre game is called Battle Wave 2323. We use the top pools on unisawp. Only assets traded are our APY. Super boosted NFTS

Mary | Satoshi Club: Launch in December?:wink:

J.D. Salbego: Yep! You dont want to miss this! Serious the most innovative and rewarding game you have ever played Like ask yourself why would you just stake and farm on boring uniswap, balancer, etc and other DEXs. When you can do the same thing but actually have so much fun in games and earn wayyyy more APY thiirugh boosted NFTs

Mary | Satoshi Club: Lol,true

J.D. Salbego: Instrsutin site is coming out soin. Very detailed instructions, FAQa, help desk and customer support

Mary | Satoshi Club: Will i need to connect my metamask to play it?

J.D. Salbego: And the community governance area too for staking $ANRX and getting 25% of all transaction feees. Yep! Or whatever defi waller you use. We integrated all the popular one

• 

Mary | Satoshi Club: What about gas prices?:grinning:

J.D. Salbego: Wayyyu better with us. We just partnered and switched to L2 Matic netwerk loves and have become almost part of our team now lol

Mary | Satoshi Club: Oh, Matic:joy: they will save the world:joy:

J.D. Salbego: We’ve solved alot of teh pain points with gas prices by switching some of the functions that really didnt need to be blockchain based like randomizations etc. And used matic to improve gas and scalability

Mary | Satoshi Club: That’s really one of the most important parts:+1:

J.D. Salbego: It is!

Mary | Satoshi Club: And you found solution 😃 Great job :+1:

J.D. Salbego: This why we spent so much time on a solution! Yeah been working very hard

Mary | Satoshi Club: And you will see results and get feedback very soon:wink:

Q3 from Telegram user @Arisabela

The only way to access to your whitepaper is joining your discord channel. Why don’t you also put it in the website?

https://discord.com/invite/YrMJYmW

J.D. Salbego: Hers our lightpaper!

BIG ANNOUNCEMENT!!!!!!
Here’s the moment you’ve ALL been waiting for!
Check out our #AnRKeyX official #lightpaper Medium version!
Leave us your question or comments and show us some love and clap if ya dig what we’re doing!
https://anrkeyx.medium.com/the-rarest-nfts-of-2020-introducing-anrkey-x-b97e72bf8831

We have a whitepaper thats over 50 pages, But we made a decision to not release a while back as there are too many scammers in DeFi and we are protecting our technology

Mary | Satoshi Club: This is for gourmets:joy:

J.D. Salbego: We have already been copied multiple times after we launched. So thats why this was such. Big deal to actually release a lightapper

Mary | Satoshi Club: So, you won’t be open sourced?

J.D. Salbego: We went viral overnight when launched with high support from the industry.

No we won’t be. We are not a protocol and our technology is too valuable haha . But we make the APIs and SDKs for our community devs to build m$portys games on our platform. We are community driven and scammer protective!! haha

Mary | Satoshi Club: Also, one question about security 😃 Are your platform secure? How we can be sure?:smiley:

J.D. Salbego: Yep! Look at our technical team LOL

• 

We will. Be doing the normal very detailed security audits by our devs prior to launch and then will get done of the big companies like Certix to do a full audit after too

Mary | Satoshi Club: Oh, that is what i was waiting for 😃 Great:+1::rocket:

J.D. Salbego: Also our team tokens will. Be locked with unicrypt and publicly listed online for the community to see. WE ARE NOT ANONS!!!! gagag

https://www.jdsalbego.com/ . Just look me up. Dont need to scam or put out bad platforms with bad security

Mary | Satoshi Club: For how long?

J.D. Salbego: My reputation is very big and not trying to ruin just for that hah 1 year loocks

Mary | Satoshi Club: Of course, i am sure:smiley:

J.D. Salbego: We are a very legit team and project. Look at my website and see all the people in my pics haha Roger Ver, CZ, etc etc etc

Q4 from Telegram user @Jonahapagu

Can you explain More about your NFT’s Staking which you say will provide additional boost to existing LP staking APY… so if I have one of your NFT’s like the sacred relics NFT and stake them on your platform.. what added bonus or boost will this bring to my Staking APY…. can users be allowed to stake multiple NFT’s at once

J.D. Salbego: We limit the amount of Sacred Relic pack APY boosted NFTs. We have to as the whales would gamify the whole system. Thats what our fair market economics logic models are based on Relics are 2 packs each with different price point

Mary | Satoshi Club: Oh, they like to do:joy:

J.D. Salbego: Lower price gives you a boost of 1, 3, or 5, the more expensive pack gives you 3, 5, or 10. Its like a lottery but you always win just not always the biggest boost Ion. Our games you always win but only sometimes do you win big!

Mary | Satoshi Club: It’s good game:joy:

J.D. Salbego: You still always win and earn APY with games wayyyyy more then any other platform like unisawp, balancer, curve, etc. That shy our games are the best. Why

Mary | Satoshi Club: Can’t wait to try this:joy: Did you already find exchanges which you want your token to be listed on?

J.D. Salbego: Yeah we are in discussions with a few now waiting to make decision. Listing on DEX and CEX same time to protect price from uniswap bots. Price discovery will be forced to the CEX

Mary | Satoshi Club: Wise decision :grinning:

J.D. Salbego: Its a very smart and strategic decisionHaha yeah

Q5 from Telegram user @KeymerS

Could you really tell us more about the game features of Battle Wave 2323 :tm:? I read that each user will have an army, but how to obtain and direct it?

J.D. Salbego: Yep! Read this after my answer all details her

You go on our platform which has 9 teams and characters that. Represent the biggest pools on uniswap you then go to uniswap and stake then get your LP token and come back to our game. And thats how you start after that you are using our $ANRX arcade coin only

• 

Heres how you play

Mary | Satoshi Club: So, i can’t play without Uniswap LP?

J.D. Salbego: Yeah for now

Mary | Satoshi Club: Later?

J.D. Salbego: Next games you dont need unisawp

D. | Satoshi Club: do you plan to add more teams and characters in the future?

J.D. Salbego: We wanted to start with the biggest pools that was a smaklrt decision as a business decision. We didnt want to make a brand new pool or market from scotch right now just enhance and make it better. Next game you can do way more like build armies with pools and become loan originators by using NFTs and your own pools and referees. Refferels

Mary | Satoshi Club: Do you have min/max?)

J.D. Salbego: nope. Just stake and play with much as you have. Withdraw our harvest whenever you want. But you probably want to stay ion the game as you win big

Mary | Satoshi Club: I like to win

J.D. Salbego: And all your teams and members of your team are always there to chat, send meme, brag about scores to other teams. And because all our game stats on APYs and Boosts and stuff are right there no degen can lie about how much APY he got like many do hahah

D. | Satoshi Club: im more and more understanding how cool your idea tbh 😊

J.D. Salbego: Thanks, Its really insane

Mary | Satoshi Club: It’s so complex in all aspects :joy:

J.D. Salbego: It really is if you ahem to explain a lot. But its really easy to play I promise, hahaah! Few days left!!

AnRKey X Airdrop Lottery for $ANRX Allocation

100 Winners can BUY $500 worth of $ANRX tokens against private sale 2 allocation terms EACH:moneybag:

Increase your chances of winning by completing ALL the actions on Gleam!

Dates: 27th November, 2020 – 4th December, 2020

To Enter
1⃣LOG IN to https://gleam.io/ctshn/anrkey-x-airdrop-lottery-for-anrx-allocation
2⃣Complete the entries AND
3⃣Come back everyday on Gleam for your Daily Bonus entry

Good luck AnRKists!

Q6 from Telegram user @samuelstook

Can you explain more about Automated Fair Market Economics Logic Theory? What are the advantages to users?

J.D. Salbego: It protects you from whales, game rigging and makes the game fair by using math and logic models read our lightpaper it gives you the specific calculations and what its based on

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Typhudollar

Why is your twitter position #DarkWeb?

J.D. Salbego: Because thats what the initial technology was built on

Q2 from Telegram user @aym1212

you mention that it’s going to be a fair system, and that we’re all whales”. However, we know in DeFi, and almost everywhere that there are advantages with having a lot of capital, you can save on fixed costs (gas in crypto for example), or get better deals sometimes.
Since this is going to be about providing liquidity, users/players will need capital.
How did you make this a fair playground?

J.D. Salbego: Our gDEX uses automated self-balancing fair market value system using our Economics Logic Theory. This acts as the algorithmic parameters underpinning our gamification. Basically, we generated a system which is transparent and safe, protecting users from rug pullers and whales who try to dominate the game. Ths was all done with very in-depth math and smart contract logo models.
The result is even distribution of power across all of our users even with competitive games

Q3 from Telegram user @leixagarcia

What is the estimated date that the $ANRX token will be available in Uniswap?

J.D. Salbego: Looking at around 12/19

Q4 from Telegram user @Sumione

AnrKeyx token has about 12 utilities and the supply of burning feature is unique. Can you explain us the recycling method of your token what is it and how it differs from burning and buyback

J.D. Salbego: We recycle for future games as are token supply is so small compared to regal blochain games. Our recycling method protects the token price and liquidity for future games to have enough faring emmisons and coins to play with

Q5 from Telegram user @JoxesXIII

As far as I know, NFTs are the most interesting non-DeFi innovation in the blockchain ecosystem. Do you have any estimate of how valuable the NFTs offered by AnRKeyX are?

J.D. Salbego: Our NFTs utlize our derived base value logo modles and are based on game economics, total APY scores in our games etc so they are very valuable and rare

Q6 from Telegram user @jangrihwa

What are the functions and objectives of AnRKey which might make this project even better known?

J.D. Salbego: We are marketing heavily doing AMAs and interviews non stop, devaluing partnerships and growing our communities verity fast. Already plus we have teh support of numerous major industry partners, a advisors and the biggest DeFi influencers supporting us and as investors

Q7 from Telegram user @shair29

Hi @jdsalbego
I see many GIF and fun in AMA, Are you GIF lover?

J.D. Salbego: No I hate gifs!!!!!!! They are the worst!!!! LOL

Q8 from Telegram user @Eliasbb

You compared your NFT with Pokemon and said that our NFTs are like a magic? Could you please describe us how magical AnRKey NFTs are?

J.D. Salbego: Our collectables NFTs are similar to pokemin and magic cards. Our 2 game NFT models are just used for the games and specific APY boosting and reward functions. Our collectables will be traded on our collectables marketplace.
Join our community as we are releasing our first AnRKey X Universe Side Chain NFT Collectables pack this week! They are very valuable, rare and powerful and all tied too game values and token price so the more are token twos in price and ore people play our games the more valuable. These cards get!

Q9 from Telegram user @Alika061

PlasmaPay Announces Strategic Partnership with #AnRKeyX then what strategies are planned for your future projects and after the public sale of the $ANRX token where to locate and distribute, will your token be listed on the exchange market?

J.D. Salbego: Yes DEX ands CEX listing and many other great strategies lined up!

Q10 from Telegram user @CRYPTOCOMMUNITY98

Marketing and building community is the are keyrole in every project and the biggest challenge,what strategies have been made to overcome those challenges by the Anrkey team working on 24*7?

J.D. Salbego: We are enhancing the tech and business models thoroughly and solving highly limiting problems with innovative solutions — DeFi liquidity mining doesn’t have a use case, is not sustainable, and lacks a true business model. Currently, NFTs inherently lack properties allowing scalability and mass adoption to occur because they are without derived base values and integrated true supply and demand economic models, all which create friction and illiquid markets.
We are solving real problems and providing a real use case for our token!

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of AnRKey X They’ve prepared 4 questions for this part. The total reward pool for 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:

AnRKey X Community: https://t.me/anrkeyxofficial

Satoshi Club is always open to new things. Satoshi Clubbers study projects and ask questions, this helps to better understand the sea of ​​crypto.

And today we would like to tell you about the AMA session with Yearn Finance Limited Edition (YFLTD). The AMA took place on November 29 and our guest was @YFLTDCEO.

The total reward pool was 500$ and has been splitted in 3 parts.

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

Gold Rocket | Satoshi Club:

Hi everyone, welcome to another episode of our AMA series

Our AMA today is with Yearn Finance Limited Edition (YFLTD)

Welcome @YFLTDCEO and thanks for joining us.

D. | Satoshi Club: hello Satoshi club! @YFLTDCEO hello! welcome! 😃

Yearn Finance Limited Addition CEO: Hello, guys! Happy to be here for Ama session, thatks for inviting us!

Gold Rocket | Satoshi Club: We are glad to have you here😊

D. | Satoshi Club: you are welcome! 😃how are you feeling today?

Yearn Finance Limited Addition CEO: Very good, it`s a pleasant Sunday today!

Gold Rocket | Satoshi Club: @YFLTDCEO Please tell us a bit about yourself. How did you develop in crypto. And also about your project. What is Yearn Finance Limited Edition (YFLTD) ?

Yearn Finance Limited Addition CEO: I am 38 years old. Currently based in Dubai. Studied finance and private banking in University in 1999-2005, I am Crypto trader since 2017. Have made gains and losses like most of us.

Since DeFi is growing rapidly, We likely started ideating with my co founders in early 2020 to develop and launch Yearn Finance Limited Edition.

Yearn Finance Limited Addition CEO: Yearn Finance limited is an open-source Decentralized protocol which enables you to easily access STAKING, FARMING, GOVERNANCE VOTE, LENDING and BORROWING DeFi Services from a simple dashboard. Our goal is to simplify the process of lending and borrowing of crypto assets while maintaining Decentralization and transparency by Leveraging the superior capability (i.e., high performance and smart contract functionality).

Gold Rocket | Satoshi Club: sounds good

Yearn Finance Limited Addition CEO: Thanks!

Gold Rocket | Satoshi Club: Would you like to add something or can we go to the community questions?

Yearn Finance Limited Addition CEO: We will be happy to invite you guys to join our community https://t.me/yfltd and visit our website http://yfltd.finance. We have a final round of token presale going on

Yearn Finance Limited Addition CEO: I am ready for community questions now:)

Q1 from Telegram user @konditer_rolex

I’m a little confused about your pre-sales. I read your tweeter and after the third round the second starts again. I can assume that this is a typo, or perhaps you count separately presales on different platforms. And my question is this. There is not a single tweet in which there was I would say about the funds raised. Now the price of the presale is 1ETH-5YFLTD, and the price of Uniswap 1YFLTD is $65. So I want to know how successful the presale is? And it only takes place on Bounce Finance or you also sell your tokens on Uniswap and maybe somewhere else?

Gold Rocket | Satoshi Club: Not an easy question😉

Yearn Finance Limited Addition CEO: That`s correct, the uniswap pool was already created, but we have with drawn liquidity before the final presale round in order participants not to manipulate the price on Uniswap. We want all presale participants to be in same conditions before exchange listings. At the moment traders can participate in Bounce Finance pool , but gas fees are incredibly high in he past days. Therefore there is an option to purchase tokens from team directly sending ETH to team wallet and filling the Google form https://docs.google.com/forms/d/1CwdgHcGkSJV3eLfUUYHfb0wQ7xrVbpPny7iT7qMqps0/edit

Gold Rocket | Satoshi Club: Yeah, thanks for sharing. 👌

D. | Satoshi Club: there is a limit? how many tokens i can buy?

Yearn Finance Limited Addition CEO: Approximately 70% of soft cap has been raised already. There are still 30 hours to go , so soft cap should be completed smoothly which will be good enough to develop the project. All unused tokens will be locked for 12 month.

Yearn Finance Limited Addition CEO:

▪️Price: 5 YFLTD = 1 ETH

▪️Hard/SoftCap: 150 ETH / 100 ETH

▪️Min/Max: 0,1 ETH / 10 ETH

D. | Satoshi Club: ok, got it

Gold Rocket | Satoshi Club: So.. can we proceed to the next question?

Yearn Finance Limited Addition CEO: yes, sure!

Q2 from Telegram user @borysfireball

In your twitter is written that you’re from Dubai, United Arab Emirates. Is this true? Where you team is mostly from? How many team members do you have and at which positions? Which region of the world will you mostly focus on and why?

Yearn Finance Limited Addition CEO: Yes, core team is based in Dubai. We are in the process of registering legal company in UAE. Team is multination. we have 8 core members, a part from promotion and marketing managers in different part of the world.We focus on the whole world , but not any particular region, and creating different local communities, such as Iranian and Bangladesh which already exist. I think Russian might be next.

D. | Satoshi Club: do you have github? i see link ‘open source’ on your site but it leads to uniswap 😄in the other words – we can see your code somewhere?

Yearn Finance Limited Addition CEO: I have notice that error with link already, thanks for pointing to it. Yes we will link to opensource in few hours.

Gold Rocket | Satoshi Club: Many in our community believe that the team consists of Russian-speaking members😁

D. | Satoshi Club: nice. we will be waiting👍

Gold Rocket | Satoshi Club:

Yearn Finance Limited Addition CEO: yes, we have Russian member in our team. As we are located in Dubai, and Dubai is a multinational city 🙂

Gold Rocket | Satoshi Club: thanks for the answer! can we jump to the next question?

Yearn Finance Limited Addition CEO: I would love to!

Q3 from Telegram user @NataliyaKil

Are you currently running any airdrops and bounty for users? Where can I find them and what are the conditions for participation?

D. | Satoshi Club: BTW can i ask where exactly in Dubai you based? @YFLTDCEO

Yearn Finance Limited Addition CEO: We prefer not to have an airdrop cause airdrop hunters never think of the price when they get free tokens and sale them at any price, but we have a Bounty promotion running now.

D. | Satoshi Club: please tell us about this promotion

Yearn Finance Limited Addition CEO: https://t.me/yfltdann/7

Gold Rocket | Satoshi Club: Yes, this decision has its own logic.

Yearn Finance Limited Addition CEO: It is 12 week bounty campaign. Participant must complete Twitter , telegram and Youtube task to receive their rewards. Please follow the link to get more details.

Gold Rocket | Satoshi Club: Thanks for the sharing!

Yearn Finance Limited Addition CEO: We are located in Single Business Tower on Sheikh Zayed Road, if you are familiar with Dubai 🙂

D. | Satoshi Club: lots of time to participate👍

Yearn Finance Limited Addition CEO: Yes, all participants are welcome!

Gold Rocket | Satoshi Club: Amazing!👍

Gold Rocket | Satoshi Club: Can we proceed to the next question?

D. | Satoshi Club: ok. thank you for this answer! beautiful building👍

Yearn Finance Limited Addition CEO: Welcome for a cup of copy when you will be in Dubai:)

Yearn Finance Limited Addition CEO: Ready for it!

Q4 from Telegram user @brodzonl

What inspired you to choose Ferrrum staking program, when can we expect to start staking and will APY be choosen by community or it will by developers?

Yearn Finance Limited Addition CEO: We found Ferrum Network to be innovative and friendly platform for Defi projects. They offer not just staking pool services, but massive marketing and promotional help within their fast growing community!. APY will be chosen by team at the first stage, but as we are targeting our project to be Governed by community, APY will be voted at later stages. As well we plan to start development of our own platform in January 2021

D. | Satoshi Club: can you tell us more about the governance function? what will token holders be able to vote for?

Yearn Finance Limited Addition CEO: Yes, token holders will be legit to vote on the future project developments

Gold Rocket | Satoshi Club: Do you want to jump to the next question?

Yearn Finance Limited Addition CEO: yeah, let`s go ahead

Q5 from Telegram user @Jonahapagu

There has been a lot of fork of the Yearn Finance project..is Yearn Finance Limited Edition (YFLTD) another Fork of Yearn finance… what are the existing differences between Yearn Finance and Yearn Finance Limited Edition that you are building

Yearn Finance Limited Addition CEO: This year is hype time of Yearn Finance series , but we are trying to be different by offering higher APY on the first place and developing our own platform which we plan to be comprehensive financial market place. The main idea of Defi sector is to offer decentralized financial services to consumers, which we strongly believe in .

Gold Rocket | Satoshi Club: btw, please share your tokenomics with us. @YFLTDCEO

Yearn Finance Limited Addition CEO: We have very small total supply of tokens, which is 4500 YFLTD tokens only!

40% tokens will be allocated to Uniswap, Hotbit, Cointiger

10%- Marketing and advertising

30% -Staking reward

20%- will be locked for 12 month

Team will not hold any tokens

D. | Satoshi Club: so, YFLTD will bring a new innovations to DeFi world?

Yearn Finance Limited Addition CEO: That`s what we are targeting, and we have very creative team members with their brilliant ideas:)

Gold Rocket | Satoshi Club: It is interesting. I don’t see tokens for the team. What is the reason for this?

Yearn Finance Limited Addition CEO: The reason is that project will be totally governed by token holders and community

Yearn Finance Limited Addition CEO: And we want our community to be sure that team has no impact on the price movements:)

Gold Rocket | Satoshi Club: thanks for the answer!

D. | Satoshi Club: so are you ready to the last question? from this part

Yearn Finance Limited Addition CEO: yes, sure!

Q6 from Telegram user @AmirJosh

You will launched your staking platform this coming December 15, 2020, that is good news. But what else will your platform gonna offer to the investors besides staking? I failed to see other features of YFLTD tokens other than staking program.

Yearn Finance Limited Addition CEO: We will launch staking at Ferrum Network, but our own platform development will take some longer time. We expect first beta to be launched in January 2021. It will have Governance features, except staking facilities. More financial features will be developed at later stage, such mutual Borrow and other. We see it to be a complete financial market place.

D. | Satoshi Club: any dates for white paper? when we can see it?

Yearn Finance Limited Addition CEO: It`s being developed, but unfortunately our editor was hit by COVID19. So we expect to publish in 3-4 days from now:)

D. | Satoshi Club: understand. hope he will be feeling well soon 👍

Yearn Finance Limited Addition CEO: Yes , he will get back to work shortly:)

D. | Satoshi Club: ok, and last question from me – maybe you have some upcoming news about future events and possible collaborations with other projects? which we not awared yet😉

D. | Satoshi Club: it’s good place to share some secrets 😄

Yearn Finance Limited Addition CEO: The next upcoming events is Uniswap pool to be refilled with liquidly after the presale end and Exchange listing to be announced shortly after presale end.

Yearn Finance Limited Addition CEO: LOL, yes we still have couple of them in our pockets, but will keep them for a bit later time:)

Part 2 — live questions from the Telegram community

Q1 от пользователя Telegram @Pratze

Hello i just wonder what is the website so i can buy YFLTD token? Can you pls share the link so i can check in there? Thx

Yearn Finance Limited Addition CEO: to participate in presale please fill the form and send payment to team wallet https://docs.google.com/forms/d/1CwdgHcGkSJV3eLfUUYHfb0wQ7xrVbpPny7iT7qMqps0/edit

Q2 from Telegram user @cryptovgh

YFLTD is still not listed on CMC or COINGECKO. Are you going to apply to get listed on those? Because they are trusted platforms that helps investors to believe on your project?

Yearn Finance Limited Addition CEO: Coingecko and CMC will be applied immediately after listing at Cointiger exchange.

Q3 from Telegram user @KhaleesiTheCryptoLady

You mentioned earlier that Yearn Finance limited has Lending and Borrowing services, what collaterals do you require to users so that they can access the Lending and Borrowing services?

Yearn Finance Limited Addition CEO: YFLTD tokens will be used as collateral.

Q4 from Telegram user @lzamg

Which wallets do you recommend to use for the YFLTD token? Do you plan to create your own wallet?

Yearn Finance Limited Addition CEO: You can use any ERC 20 wallet like Trust or Metamask.

Q5 from Telegram user @warny

Has Trading of YFLTD already begun on Cointiger and Hotbit, if not, when is the specified listing date?

Yearn Finance Limited Addition CEO: Cointiger listing date will be announce immediately after presale end

Q6 from Telegram user @cryptovgh

What are the plans of YFLTD to launch a mobile app? Is it already done or is it going to launch in near future?

Yearn Finance Limited Addition CEO: Yes, mobile app will be one of the features of our own platform

Q7 from Telegram user @Winterkom

What DeFi services will be the main ones that YFLTD seeks to offer? Will it be only Lending and Saving? What other features will you work on?

Yearn Finance Limited Addition CEO: mutual borrowing facility as well as financial supermarket will be featured at our platform

Q8 from Telegram user @jerlyyyyyn

How can we assure that our funds/investments are secured on your platform?

Yearn Finance Limited Addition CEO: Platform will undergo strict security audit before launch

Q9 from Telegram user @azrayeni

Do you plan to add more exchange listings and more liqudity pools to Yearn Finance Limited Edition Token?

Yearn Finance Limited Addition CEO: Yes, we are looking at launching liquidity pool at Moonswap, as it has some better price impact algorithm, and listing some European exchanges

Q10 from Telegram user @cindy_crypto

1 ETH = 5 YFLTD. Will the price of the yfltd token always be dependable to ethereum prices?

Yearn Finance Limited Addition CEO: This is presale price, price in USD is being change with ETH price growth

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Yearn Finance Limited Edition (YFLTD) prepared 4 questions for this part. The total reward pool for quiz was 300$.

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