Satoshi Club

Hello, Satoshi clubbers Another AMA took place at Satoshi Club and we would like to introduce to you the AMA session with our friends from Unifi Protocol The AMA took place on 25 November.

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

Gold Rocket | Satoshi Club: Hello dear community!The series of today’s AMA marathon is open.We are happy to announce our AMA session with Unifi Protocol DAO (UNFI).

D. | Satoshi Club: hello Satoshi club! :blush:

Juliun | Sesameseed.org: Hello Everyone

Gold Rocket | Satoshi Club: Welcome to Satoshi Club, @nuljui! :raised_hands:

D. | Satoshi Club: @nuljui hello! welcome to Satoshi club! :smiley:

Gold Rocket | Satoshi Club: To be honest, you are a long-awaited guest for us 😀

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

D. | Satoshi Cluba: finally, we all here in the right place and right time 😀

Juliun | Sesameseed.org: haha ok, great!

Gold Rocket | Satoshi Club: To be begin with, please tell us a few words about yourselves and how did you get to be involved in Unifi Protocol DAO (UNFI).

Juliun | Sesameseed.org: SureHello Everyone!My name is Juliun, I’m the CEO of Unifi Protocol DAO.

Unifi is the culmination of nearly 3 years of community building, smart contract development, and most importantly governance model development. My team and I actually started as a community, of like minded people that came together and organized around the concepts of decentralization and community building. To this point we’ve been operating as Sesameseed a block producer and validator on Tron, Ontology, Harmony, and Icon.

Today we’re a full time collection of like minded community focused developers and decentralized maximalists working to incentivize community involvement in Defi.

Gold Rocket | Satoshi Club: A good team is very important in crypto!

Juliun | Sesameseed.org: absolutely

D. | Satoshi Club: nice! you have achieved quite a lot already

Gold Rocket | Satoshi Club: Would you like to share something or can we move on to questions from the community?

Juliun | Sesameseed.org: yeah, we’ve been doing this for almost 3 years, so we’re doing well having some traction today.

sure i can share a little more

Gold Rocket | Satoshi Club: Feel free:blush:

Juliun | Sesameseed.org: As mentioned we really started as a team nearly 3 years ago, with the original Smart contracts that became unifi started in early 2019 as a series of Governance, and Voting contracts for the ontology blockchain. These have evolved and incorporated some of the bancor price discovery model in mid 2019 and really started to form into the AMM uTrade early this year.

Every part of Unifi was designed and developed in house which gives us a huge leg up. This combined with our high level of community involvement has enabled us to quickly develop for new blockchains as you’ve seen today.

The AMM uTrade is just the beginning of our Proof of Stake, cross chain governance ecosystem, where we incentivize liquidity providers on Tron, Ontology, Harmony and now BSC. We plan to launch Icon and Eth versions in the near future.

Gold Rocket | Satoshi Club: The Unifi Protocol DAO focuses on community building across the TRON, Ontology, Harmony and Binance Smart Chain communities. What else are in your plans?

Juliun | Sesameseed.org: well from here we intend to continue our expansion. Ethereum as early as this week, Icon is ready to go as well.

Q1 from Telegram user @carupanor

Unifi Protocol is a group of non-custodial smart contracts, what are the advantages of having a platform that uses non-custodial smart contracts and how does your protocol adapt to DeFi innovations?

Juliun | Sesameseed.org: Sure, The real advantages of utilizing smart contracts come in the form of security and consistency. Though its really only something you can take advantage of when the whole ecosystem utilizes it, which is exactly what we do.

All trades, and AMM activities are obviously managed by a smart contract, but further than this, what we do that many others dont, is incorporate our rewards and token model into the contracts that encompass the AMM.

Using these contracts we’re able to pick up a lot of efficiencies even over many existing AMM dexes out there today.

How we adapt really stems from building a core that can be built on top of.

uTrade as you see it today is designed to be built on top of, things like Lending, uTrade itself, even flashloans can easily be incorporated. Add to this Governance and we have a very comprehensive ecosyste.

Gold Rocket | Satoshi Club: impressive!a lot of work!

D. | Satoshi Club: BTW why did you start firstly to work with Tron, Ontology, Harmony blockchains instead of Ethereum?

Juliun | Sesameseed.org: so. Our community is primarily on those chains. We want to support our base first to really prove the project out.

We’re our own worst critic, Things like Audits, usability, what data is requested… how it should be laid out…. not to mention developing for Different artictecturhe.

In all honestly… we’re ready for Eth Today…. But we dont want to go live with Beta on Eth (arguably the harshest critics) lets go live with a finished product

(which we’re planning on …. Tomorrow hahaa)

its cool we were able to be listed on binance first… then go to ETH, so every step forward is a level up in sophistication and complexity

Gold Rocket | Satoshi Club: Agree with you!

D. | Satoshi Club: great! 🙂 thank you to reveal this secret to Satoshi club! :+1:

Gold Rocket | Satoshi Club:I confess to you, I farm a little UNFI on Binance

Juliun | Sesameseed.org: yeah i dont think we’ve announced that yet anywhere

using Pancake? unifi? or launchpool?

I think we were the first project to have an ETH launchpool actually

Gold Rocket | Satoshi Club: launchpool

D. | Satoshi Club: now you are Unifi hodler :muscle:

Juliun | Sesameseed.org: it was all a part of attracing attention from Eth maximalists early on.

Gold Rocket | Satoshi Club: Yes! I am:grin: Tell us please about your tokenomics btw

Juliun | Sesameseed.org: sure! Unifi at its core is the UNFI token, this is used to govern and determine the parameters of the defi ecosystem on each of the related blockchains. It accomplishes this through a unique Proof of Stake ecosystem in which representatives are elected, earn rewards, and vote on various parameters as a part of the DAO, the community may elect a representative by staking UNFI, and rewards throughout this cross chain governance system are delivered as more UNFI token.

There is infact a second token though, the UP token is actually an independent token on each blockchain, this is whats governed by UNFI. Its minted in relation to the Fee’s of each chain. In fact the fee’s accumulated in unifi on any blockchain it operates on are deposited into a smart contract to Mint UP at an increasing value over time, these fee’s are extracted by anyone that holds up by simply burning it. The result of this system is such that the value of UP increases with every trade on every blockcahin unifi operates on independent of each other, but dependent on the UNFI governance architecture.

There are ~2.2MM tokens in circulation today out of the 10MM total supply and they’ll be released quite slowly over the next few years.

Most will primarily be distributed to those participating in UNFI governance.

Gold Rocket | Satoshi Club:Nice. maybe share some useful links for our community

Juliun | Sesameseed.org : sure

Website: http://unifiprotocol.com/

Whitepaper: https://medium.com/@unifiprotocol/introducing-the-unifi-protocol-2ad67bc8435/

Telegram Discussion: https://t.me/unifi_protocol/

Telegram Announcements: https://t.me/unifiprotocol/

Twitter: https://twitter.com/unifiprotocol/

Reddit: https://www.reddit.com/r/UnifiProtocolDao/

Medium: https://medium.com/unifiprotocol/

Telegram Discussion: https://t.me/unifi_protocol/

Gold Rocket | Satoshi Club: Everything is clear to me. Do you want to add something or we can proceed to the next question?

Juliun | Sesameseed.org: we can move forward

Q2 from Telegram user @cleitoclo

Platforms such as Unifi generally establish a liquidity withdrawal limit, what is the limit for the amount of liquidity withdrawal and for the construction of products or services in Unifi?

Juliun | Sesameseed.org: oh.

We’re a complete redesign of traditional AMM’s

There is no withdrawal limit, there is no withdrawal fee. In fact our smart contracts though are similar in operation to Uniswap and others are very different under the hood.

There is no cost for participating wtih unifi. and You earn rewards directly as a liquidity provider. No need to Stake your LP tokens.

SImply provide liquidity and you earn your share of the fee as UP tokens.

Up token is unique in that it can be redeemed for the Base tokens that back it (ETH for example) and the amount of tokens that back it increase after every trade.

D. | Satoshi Club: no limits, no fees i like it! :smile::+1:

Gold Rocket | Satoshi Club: Excellent!

Q3 from Telegram user @mundarain

Are there rewards for participating in governance decisions and proposals? What actions should users take to maximize their reward income with respect to the Unifi participation system?

Juliun | Sesameseed.org:Yes, so, actually only community representatives can vote on core proposals.

These are elected representatives, that users may delegate their stake to.

Delegating their stake earns rewards for the token holder, and those with the most stake are elected representatives.

Representatives will be encouraged to reward participant / delegators for their stake.

probably the best wait earn the best reward, is to start staking early and vote for the most active representatives (or become one yourself)

D. | Satoshi Club: how to become elected representative?

Juliun | Sesameseed.org: simply have advocate for Delegations.

You’ll need to have your staked UNFI, staked for long enough, but after that… its simply about asking for stake

i would suggest promising a good return is a great start (such as a share of the CR reward to be distributed back to your voters)

D. | Satoshi Club: great! thank you for information! ready to jump to the next question? :blush:

Juliun | Sesameseed.org: yes

Q4 from Telegram user @kripto_mangunkusumo

One of the interesting products from Unifi is about Nitrous Layer. Can we hear more about this product, and how has it progressed so far? when is this product expected to be implemented?

Juliun | Sesameseed.org: Oh we dont have this feature, this may be a different project.

D. | Satoshi Club: really? oops, yeah it happens sometimes, probably question from different project :smile:let’s go to the next question then?

Gold Rocket | Satoshi Club: then tell us about your feature:grin:

Or next question:blush:

Juliun | Sesameseed.org: Oh sure,

Really our best feature is our community. We’ve made a huge effort to focus on our community and incorporating this into what we’ve built.

Gold Rocket | Satoshi Club: I like it:+1:

D. | Satoshi Club: the most important part of every project:+1:

Juliun | Sesameseed.org: absolutely

Q5 from Telegram user @nakocr

Your platform will also share the fees as long as the liquid providers don’t withdraw their liquidity from the pool and keep the tokens. Is this not unfair and will it be shared at the same rate after the liquid is withdrawn? If so, shouldn’t these ratios be different from each other?

Juliun | Sesameseed.org: So the fee’s are distributed to the liquidity providers that are participating within the pool, and you only earn those rewards as long as you’ve provided liquidity tot he pools you’re participating in.

Which keeps it fair, so you can only earn rewards as long you’ve provided that liquidity.

Q6 from Telegram user @nagy_szabo

You are on Binance launchpad and this is great for visibility and adoption. It will end soon. Do you plan any more activity in partnership with Binance? Are they your investors/official partners btw?

Juliun | Sesameseed.org: so partnerships are huge for us.

They’re part of why we’re here today and they’re absolutely crucial to our future growth.Partners will help determine which blockchains we migrate to, and they’re important to helping encourage our community growth.

D. | Satoshi Club: any future partnerships that you can talk of?:smile:

or it’s a secret for now?

Juliun | Sesameseed.org: hmmm probably the most significant is with other blockchains.

Icon is public, but i dont believe we have any others that are public today.

D. | Satoshi Club: got it! :+1:

Gold Rocket | Satoshi Club: Thanks for the answers:+1:

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Baby_Crypto

Whаt is the relationship bеtween Unifi and Utrade аnd what role does the Unlimited Potential Tоken (UP) play on this platform?

Juliun | Sesameseed.org: So UNFI is the governance token that will help determine the network parameters of uTrade.

Its an important ecosystem in which those UNFI token holders can help direct the rewards earned on uTrade to encourage more liquidity to be provided and better returns for Liquidity providers.

Q2 from Telegram user @Pramoddhanni87

What difficulties do you have for trading of tokens from different blockchains in #Unifi_Protocol_ ?

Juliun | Sesameseed.org: so Trading Tokens from different blockcahins requires a bridge of some kind,

These bridges are often centralized product that require a 3rd party to transact between them.

This is actually a major focus of ours today and trying to reduce these to a more trustless architecture.

Stay tuned we have some big announcements on this coming.

Q3 from Telegram user @Eliasbb

You said that “Really our best features is our community” But you still not have a telegram group. I saw that you only have a telegram channel. Any plan to create telegram group so that user can share their thoughts about UNIFI easily? What do you think about it?

Juliun | Sesameseed.org: actually we do have a very active telegram community:

https://t.me/unifi_protocol/

I suggest you join in and take a look, My team and i are always in there and we’d be happy to answer any other questions.

Q4 from Telegram user @luckydraw66

How do you feel while doing this job right now?Have you ever felt the pressure of starting a blockchain startup?staff and are you feeling happy right now?

Juliun | Sesameseed.org: Haha,

I’ve been doing this with my team as a start up for nearly 3 years.

until very recently, we were an all volunteer team, honestly working just for the rewarding nature of it.

We’re really excited about the traction we have today and where we’re going.

We’re most excited about how involved we’ve managed to get our community.

Things look really bright from here to be honest.

Q5 from Telegram user @ Nickkiii

What are the Privileges of the four classes (Elite, Upgraded, Waiting Period and Holder) of $UNFI tokens?

Juliun | Sesameseed.org: so the 4 classes you mentioned really rank from simple token holder to potentially Community representative (CR) Level 4 is a token holder. Level 3 is a staking token holder that is in a waiting period to become level 2. Level 2 earns staking rewards, and level 1 is a staking token holder, whos tokens are now locked and eligible for the highest level of rewards.

In addition level 1 token holders are able to delegate to CR’s and be rewarded for their participation in governance.

Q6 from Telegram user @Alika061

Is Stake $UNIFI on the Binance Smart Chain BSC and will I be awarded a stake with every new block I mine? then how much is the #UNFI Staking Prize to be Mined.

Juliun | Sesameseed.org: The current staking promotion on BSC is around this 6 week period until dec. 31st. You must lock your tokens to participate and by participating you earn a proportionate share of UNFI unlocked every block.

After Dec.31’st we’ll be transitioning into a much more diverse governance economy as mentioned above.

Q7 from Telegram user @tuvalunia

In what ways can an investor obtain UNFI tokens?

Juliun | Sesameseed.org: Aside from the exchange,

You can Stake within our current governance contract on BSC.

Stake in the binance launchpool, or Pancakeswap, Or you may migrate your up tokens.

This happened for the first time last week and there will be another up migration in the coming weeks.

After december 31’st you’ll be able to participate in governance to directly earn rewards.

Q8 from Telegram user @lembaranfotohitamputih

Can you explain in a simple way so that nontech people can easily understand how to use your platform and why is it better than any others that offers similar service?

Juliun | Sesameseed.org: hmm the simplest reason why, is that we’ve built a system that takes advantage of the benefits of other blockchains.

We didn’t simply copy the standard thats out there today, we solved the problem with efficiencies in mind.

These efficiencies result in a simpler process for users, and ultimately fewer fees to participate and earn rewards.

Q9 from Telegram user @KASG95

After listing your tokens on Binance Exchange, do you plan to continue listing your tokens on many more CEX exchanges? or after this will they focus only on DEX?

Juliun | Sesameseed.org: we’ve been fortunate enough to have a few major exchange partners, we do plan to continue listing on other exchanges, though our primary goal today is growing our community and expanding our network.

Q10 from Telegram user @araceley

Is the window period to claim UNFI on uTrade to join the BSC Staking still open?

Juliun | Sesameseed.org:Staking is still open! and will be open until Dec. 31st this year.

After this time period it will take time to enter into the staking system, and the token distribution will be much more scarce.

This is a really unique opportunity, and we’re happy to see over 100,000 Tokens are participating within it today (~25% of what was on launchpool)

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/

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

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

Website: https://esatoshi.club/

Our partners:

Website: http://unifiprotocol.com/

Whitepaper: https://medium.com/@unifiprotocol/introducing-the-unifi-protocol-2ad67bc8435/

Telegram Discussion: https://t.me/unifi_protocol/

Telegram Announcements: https://t.me/unifiprotocol/

Twitter: https://twitter.com/unifiprotocol/

Reddit: https://www.reddit.com/r/UnifiProtocolDao/

Medium: https://medium.com/unifiprotocol/

Telegram Discussion: https://t.me/unifi_protocol/

Hello, Satoshi clubbers Another AMA took place at Satoshi Club and we would like to introduce to you the AMA session with our friends from Flare Finance. The AMA took place on 26 November.

The AMA session was divided into 3 parts with a total crypto reward pool of 1000$

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

Gold Rocket | Satoshi Club: Good evening, dear community!

We are happy to announce our AMA session with Flare Finance.

D. | Satoshi Club: hello Satoshi club!

@TheCryptoFrenchie hello and welcome! :blush:

Gold Rocket | Satoshi Club: Welcome to Satoshi Club, @TheCryptoFrenchie!

CryptoFrenchie: Hello everyone!

Thank you for having me today and Happy Thanks giving to you all.

D. | Satoshi Club: thank you! good to have you here! :smiley:

Gold Rocket | Satoshi Club: Thanks for joining.

CryptoFrenchie: Great day to be here to show some appreciation to our great following by answering some of the questions I am sure they have been waiting to ask.

Gold Rocket | Satoshi Club: Tell us a little about yourself before we hear about your project!

CryptoFrenchie: Of course!

My name is @CryptoFrenchie, or Frenchie for short. I am a 9 year cryptocurrency supporter having entered the industry back in the day around late 2010-2011. I am the Founder and Lead of the Flare Finance Project. We are delivering institutional class DeFi on the Flare Network, which is currently creating the first smart contract platform that settles on the XRP Ledger!

What this means for those of you who are a bit unfamiliar with smart contracts and the XRP community; XRP is yet to have smart contract capabilities allowing for the trust free management of XRP in any multitude of ways. Flare Network solves this issue and brings both smart contracts and a trustless bridge for XRP to enter the decentralized world.

Gold Rocket | Satoshi Club: Amazing experience! when did you buy your first bitcoin?:grin:

D. | Satoshi Club: sounds interesting! we will find out more about all of this during our AMA:relaxed:

CryptoFrenchie: I never purchased a single Bitcoin. At the time, it was utilized more as a early payments system experiment. It would hold value and you would use it to pay for online gaming material such as game items and other things. I had earned a few hundred Bitcoin in the past utilizing it as a payments system for one of my early stage gaming servers. At the time, Bitcoin had nowhere near the value it did.

(In the sense that I used it, as I was younger at the time of discovery!)

Gold Rocket | Satoshi Club: Thanks for the answer! :blush:

do you want to add something or we can proceed to questions of community?

CryptoFrenchie: Feel free to proceed 🙂

Q1 from Telegram user @ashkarovich

You say that you are an independent group of developers who seek to bring an inovative change for XRP and Flare. But you mention that you didn’t receive any funding. How are you operating then?

CryptoFrenchie: We are indeed an independant group of developers. Each of us possessing unique skills trained in the market over our own years of experience in the industries we followed. I myself specializing in marketing, business development, and business psychology and my partners specializing in operations, business management, and full-stack development. We generally have all we need to deliver a full suite of products without the need for major investment. Any platform or project that attempts to say they need $10M, let alone $1M, to bring a product to life either does not believe in their work or does not have the skill to produce it themselves.

Our value is not in the amount we could easily raise from you guys as holders and interested investors, our value is in what we can deliver, how we can deliver it, and why we will deliver it without needing or hoping for someone to risk a dollar on what we could do ourselves.

D. | Satoshi Club: by the way as i know you a part of anonymous team?

CryptoFrenchie: We indeed are an anonymous team!

Please do not let this discourage you though as we have placed collateral in the hands of the Flare Network team for any time of need. Flare Network is entirely away of our identities and we do not hide them to remain shadowy. We hide them as to protect any potential chance of outside interference into the production and development of our products. We have full intentions to have a public exposure of our identities in the future. We just feel our product and code can speak for itself for now, and we will stick a face to a name when it ultimately matters.

As an anonymous team, we promise to deliver a trust-free, vigorously audited user experience that will deliver exactly what it is designed to do with user security, safety, and overall sustainability in mind.

Gold Rocket | Satoshi Club: How many people are on your team? How many specialists are needed for your project to function

CryptoFrenchie: We are currently just a team of 7 doing as much as we have done to date, in a little less than 2 short months. To break that down for you:

2 Developers

2 Administrative Members

1 Design Member

1 Marketing Member

1 Relations Member

Our team will expand out to roughly 10-12 members come the new years, but we do not see many more team members needing to be added to properly manage a project of our size and magnitude. Open-source nature will eventually take over, and the community developers will maintain and add on to the ecosystem itself.

Gold Rocket | Satoshi Club: Thanks! Everything is clear to me. Can we jump to the next question?

CryptoFrenchie: Of course 🙂

D. | Satoshi Club: thank you for answer! 7 is a great number:grin:and you have cool stickers as well:+1:

Q2 from Telegram user @crypto_propeller

Can you tell us what is the link between Flare Network – Spark and XRP? I see a lot in your tweets this 3 together, but don’t understand why?

CryptoFrenchie: Although we are not the Flare Network, I will definitely be able to address a couple of those concerns, but note this would definitely be a better questions for the Flare Network themselves.

A great way to relate what everything is in the Flare Ecosystem, and please forgive me if my description dulls any of the bright light that the Flare Network is;

Trustless XRP ($FXRP) is to Flare Network as Wrapped Bitcoin is to Ethereum, except it is not wrapped, it is trustless.

Spark ($FLR) is to Flare Network as Etheruem is to Ethereum. It is it’s main ecosystem token and is utilized for gas and value transfer mainly.

YieldFlare ($YFLR) is to Flare Network as Yearn Finance is to Ethereum. It is a DefI platform and token utilized within the ecosystem.

Gold Rocket | Satoshi Club: Trustless XRP :see_no_evil:

never heard that:grin:

D. | Satoshi Club: so you have 3 tokens in your ecosystem?

CryptoFrenchie: There are two tokens in the Flare Network ecosystem, $FLR and $FXRP.

There are three tokens in the Flare Finance ecosystem, $YFLR $YFIN and $YMIN.

This does not include the assets that Flare Network plans to bring to the network, or the Ethereum Bridge we have completed to bring over any multitude of Ethereum assets to the Flare Network, and from the Flare Network to Etheruem.

Gold Rocket | Satoshi Club: :+1: sounds good!

Gold Rocket | Satoshi Club:Tell us please about your tokenomics btw

CryptoFrenchie: Of course!

YieldFlare has a total supply of 110,000,000 $YFLR

YieldFin has a total supply of 11,000 YFIN

YieldMine has an expanding supply that is determined by the total time it takes to mine the entire supply of YFIN and YFLR.

YieldFin is a zero pre-mine, zero team-allocation, fully minable governance token that will be mined by staking YFLR, FLR, FXRP, or xUSD on our platform.

YieldFlare is the main ecosystem token that will be airdropped to all $FLR holders on the one month anniversary of the Flare Network launch!

More on our tokenomics can be found at https://paper.flr.finance/

Gold Rocket | Satoshi Club: thank you very much for sharing:+1:

D. | Satoshi Club: when we able to try your bridge?

CryptoFrenchie: We actually will be opening up BETA applications right after the December 12th network snapshot to begin allowing a few lucky individuals to bug test our platform for us. During this time, we will be having white hack hackers penetration testing our platform and looking for any attack vectors under a low-mid stress level environment.

You can possibly be one of our lucky testers. Oh, did we say this is paid for? That’s right, you as a BETA Tester will receive a small stipend as a token of our appreciation for properly testing our platform when the time comes.

Q3 from Telegram user @andreea_gym

Is your SPARK airdrop still active? Word’s around that it’s been a huge success. Can you comment on this?

CryptoFrenchie:I believe this is a question for the Flare Network themselves. 🙂

It is infact a huge success though! I applaud the Flare Network team and the work that Hugo and the rest of the guys have been putting in behind the scenes. True sign of hard work and dedication.

Gold Rocket | Satoshi Club: :clap::clap::clap:

D. | Satoshi Club: i think some people (including myself:grin:) thought that Flare Network and Flare Finance are the same project

Gold Rocket | Satoshi Club: I’m a little confused too

CryptoFrenchie: We are not 🙂

Flare Network is the entire network themselves.

Flare Finance is the first institutional decentralized finance platform on the Flare Network.

Gold Rocket | Satoshi Club: because twitter tags indicate #FlareFinance #FlareNetwork

CryptoFrenchie: Well, essentially, Yearn Finance would say #YearnFinance #EthereumNetwork but does not mean they are the Ethereum Network.

D. | Satoshi Club: thank you for clarification! :+1:

CryptoFrenchie: #FlareNetwork simply implies we are supporting and tagging our posts to that specific hash tag since our platform is relative to the network that it is being hosted on.

Q4 from Telegram user @adrianeth

You will do a snapshot at 1 month anniversary and will make an airdrop. How many tokens will be distributed and is there any minimum amount to be eligible?

D. | Satoshi Club: i hope this question relates to Flare Finance 😀

CryptoFrenchie: We will be hosting our snapshot for the $YFLR Airdrop on the 1 month anniversary of the Flare Network launch. The launch date is considered the first day that your tokens arrive in your wallet, and you are able to utilize them.

40,000,000 $YFLR Tokens will be airdropped to holders of $FLR a few days after the snapshot. There is no minimum amount to be eligible. All holders will receive a bit of YFLR whether that be a fractional amount or an entire token.

Gold Rocket | Satoshi Club: Wow! tempting!:+1:

CryptoFrenchie: Indeed 🙂

Q5 from Telegram user @prahenkris

There are so many great chains. Why did you decide to build your own infrastructure? Isn’t this a waste of money?

CryptoFrenchie: This would definitely be a Flare Network question, as we are not building our own infrastructure.

Gold Rocket | Satoshi Club: Oh sorry about that:sweat_smile:

D. | Satoshi Club: Oops

Gold Rocket | Satoshi Club: then I have another question

CryptoFrenchie: Shoot for it 🙂

Gold Rocket | Satoshi Club: Flare Finance is launching 6 decentralized finance products that will serve as an all in one trust free solution to traditional banking and investing.

Tell us a bit about these financial products

D. | Satoshi Club: im sure in the second part of our AMA, would be more questions related to Flare Finance:+1:

CryptoFrenchie: There we go!

Flare Finance will infact be delivering 6 key products to our ecosystem. (7 if you include Flarescan.org, but we do not consider that one of our main ecosystem products. More of a side project.) These products are:

1. FlareX – Decentralized Swaps and Decentralized Margin/Spot Trading Platform.

2. FlareFarm – Decentralized Yield Farming and Governance Platform

3. FlareWrap – Decentralized Asset Wrapping Bridge ETH-FLR

4. FlareLoans – Decentralized Asset-Backed Collateralized Loans Platform

5. FlareMutual – Decentalized Peer to Peer Insurance Mutual Fund

6. FlareMine – Decentralized Yield Mining Platform

A more indepth analysis on exactly how these products deliver what they do can be found at https://paper.flr.finance/ .

I can give you a brief rundown of what each product does if you would like as well 🙂

Gold Rocket | Satoshi Club: thanks for the clarification!

D. | Satoshi Club: of course!

CryptoFrenchie: Wonderful. Give me a moment to prepare it all. I will drop it in sections.

Gold Rocket | Satoshi Club:Personally, I’m interested in farming:blush:

CryptoFrenchie: FlareX is a uniswap style swapping platform allowing for Flare Network users to engage in the simplified trading of any Flare Network hosted assets. Additionally, it will offer advanced decentralized spot trading and margin trading to the same users. Transaction fees can be paid in YFLR and there is of course all of the amazing yield generating options that Uniswap offers like liquidity pools.

FlareFarm is a decentralized yield farming platform that allows holders of several approved assets on the Flare Network to become their own yield generating bank by staking their available funds and liquidity pool tokens to mine and earn YieldFin, the low supply, coveted Ecosystem Governance Token. Additionally, they can create and vote on proposals that will enact system wide changes to the ecosystem if approved or denied.

FlareWrap is a decentralized asset bridging platform that allows holders on either the Ethereum or Flare Network to bridge their assets over to the other network easily without the need for any third party intermediaries or exchanges. With FlareWrap, the Flare Network will receive xUSD (USDT), xDAI (DAI), xETH (ETH), xBTC (WBTC), and more. Additionally, for the first time, XRP will make it’s way to the Ethereum network as WXRP through our bridge.

FlareLoans is a decentralized collateralized loans platform that will allow a network of creditors and debtors to operate and enact loans and credit lines to borrowers against their collateral limit. Borrowing and lending earns you YFIN!

FlareMutual is a decentralized peer to peer mutual insurance fund that covers new projects smart contracts and teams for potential issues such as hacks, bugs, and other ruining events that could cripple an ecosystem.

FlareMine is a decentralized yield mining platform that allows users of ASIC rigs to mine Bitcoin and Ethereum, which is then automatically swapped at best value for Spark ($FLR) and provided to the miner. This creates positive price support and action for the Spark Token itself and promotes a long term healthy way to mine Spark!

Gold Rocket | Satoshi Club: When do you plan to release these products?

CryptoFrenchie: Are first three products; FlareX, FlareFarm, and FlareWrap are complete and ready for team testing before moving onto public BETA Testing. You can expect 5 of our 6 products ready for release in Q1-Q2 2021, with our final product coming in Q3 2021.

Gold Rocket | Satoshi Club: The rocket is at the start!:rocket:

D. | Satoshi Club: pretty soon. time flies very fast in crypto world:relaxed:

CryptoFrenchie: Oh it definitely does. 9 years has flown by like a snap of the finger. Time flies when you are having fun.

D. | Satoshi Club: thank you for answers! and we have the last question from this part. are you ready?

CryptoFrenchie: Ready!

Q6 from Telegram user @bitociok

There is a mention that you are anonymous. What is the reason behind it? Are you afraid of lawsuits from ripple or someone else? How many people work on your team?

D. | Satoshi Club: question was partially covered:smile:

Gold Rocket | Satoshi Club: partially answered. tell us what you think is the main thing in your project

CryptoFrenchie: We are indeed an anonymous team, not all of us are though. One of our team members, and in fact, one of our main developers, is not at all anonymous and actually is public!

The reason for our anonymity is to protect us during the birthing and building of the project and to release it free of any outside interference or want to jump on the potential at hand. Our approach was not anonymous to the Flare Network Team, and we very much so eagerly stated that we would LIKE to give them our identities as reassurance that we are here to deliver a top notch product and just want to be safe while doing it.

Gold Rocket | Satoshi Club: I personally understand your reason.

CryptoFrenchie: We are not afraid of lawsuits from Ripple, as Ripple would not be able to place a lawsuit on us for any reason. Our main fear is the uncertainty of who exactly are supporting entities in Ripple, and how will they see to it that a decentralized non-custodial platform is coming alive to deliver exactly what they do as banks at a better rate, with better accessability, and without the strings that come with a bank like not having immediate access to your own funds when and however you want it.

D. | Satoshi Club: yeah, good reasons for anonymity, in my opinion

CryptoFrenchie: Once the platform is birthed, and we are able to ensure it’s existence is NOT dependent on us as team members to have our hand in it, we will happily expose our identities. Until that point, we will ensure the platform is secure, audited, and released in a way that is as decentralized as possible as to remove any chance of outside forces acting on it, including ourselves as team members.

This includes working with projects like Codius to help bring forth a truly decentralized hosting network that can allow projects to be born, and pretty much never die as long as the nodes that host it exist.

Gold Rocket | Satoshi Club: Yes, the choice of this blockchain is a non-standard solution. And I am sure it will lead you to success.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @aym1212

As individual user, what ways can I contribute to the development of Your $YFLR $YFIN $YMIN Project? Do you have Ambassador programs and What is its benefit?

CryptoFrenchie: Let’s start with this one!

We do in fact have a Global Ambassadors Program that will be selecting a number of individuals to represent Flare Finance in events around the world and help host community organized events when the time comes. Additionally, we will be opening our BETA Tester program that will allow people to test and utilize our platform and look for any available bugs or attack vectors that may exists on platform.

We strongly believe in community interaction and community support. We believe in this so much that we have dedicated 75% of our marketing budget to person to person user generated marketing tactics that can help place more money back into the pockets of you all for spreading the word about our products!

Q2 from Telegram user @jerlyyyyn

Why did you chose to work with XRP community rather than ETH blockchain?

CryptoFrenchie: We strongly believe XRP is a community that has been screaming out for a chance at a truly decentralized financial ecosystem. XRP has been one of the last platforms to innovate to date and has been specifically focused on client and partner acquistion. At this point in time, Flare Network is bringing exactly what the people have asked for, while we at Flare Finance are taking it one step further and challenging the centralized nature of banks that XRP supports. We see this more as friendly competition rather than a full all out war on traditional financial institutions.

ETH has it’s benefits, but has been plagued with projects that contain little to no substance, making Ethereum have this balloon of hot air value that is yet to pop.

Q3 from Telegram user @wonderkit

Is it safe to use FlareWrap and how much does it cost to swap certain coins in one transaction?

CryptoFrenchie: FlareWrap will be as safe to use as the audits that review it say it is to be. Our team holds over 12+ years as full-stack developers and has the skillset and drive to deliver a product that is properly reviewed and cared for while it is built. This being said, we are very happy and confident in our abilities to deliver a safe and useful product.

The cost to bridge any token to FLR or ETH in one transaction will have a ranging fee of 0.075%-0.1% of the tokens being minted/burned and will be split evenly between both. The fee goes down as the amount you wrap goes up. Meaning if you are bridging $100 of USDT to xUSD, you will pay a total fee of $0.075-$0.10 for the entire amount.

Q4 from Telegram user @Idee01

YieldMine, YMIN, supply is determined by the total time it takes to mine the entire supply of YFIN and YFLR. Is there a cap in the total supply of YMIN and is there a formular to use to calculate it? Do you have any mining guidelines for YFIN and YFLR?

CryptoFrenchie: There is no cap to the total supply of YMIN. It’s main use case is to be utilized much like POL-X as a rate multipler token. It can be burned to increase your mining rate for staking YFIN to mine YFLR on the FlareX platform. This being said, the supply is more time determined and does not have a hard number set.

Q5 from Telegram user @baimwong1

Why did flare Finance create three coins for its project ecosystem and how do the three coins work together?:

CryptoFrenchie: Flare Finance created three tokens for sheer need of what the ecosystem wants to deliver.

YieldFlare ($YFLR) is the platforms main transaction fee, listing, and secondary governance token. It can be used in place of transaction fees, used to vote on new token listings in the ecosytem, and used to vote on secondary governance proposals in the ecosystem.

YieldFin ($YFIN) is the platforms main governance token. It can be used to vote for all things that are related to the platform and carries a much larger voting weight than $YFLR does. It will be used to change fees, fund projects, or provide grants to new developers seeking to expand the ecosystem.

YieldMine ($YMIN) is a rate multiplier token that will be used to increase your mining rate of mining YFLR for staking YFIN on the FlareX platform. It is a way to create harmony between miners and traders and to promote healthy price action for FLR and $YFLR alike.

Q6 from Telegram user @KhaleesiTheCryptoLady

Regarding on the opening of Beta Application, How could we join as Beta Tester, any requirements? Do we have to hold the said 3 tokens of Flare Finance?

CryptoFrenchie:We do not have any pre-set requirements for you to become a BETA Tester, all we ask is that you are technologically proficient enough to look at a website, analyze your experience on it, and be able to pay close attention to detail. Any skills above that would be not needed, but greatly accepted and would put you at a more priority ranking on our BETA Tester list.

You do not need to hold any tokens, we will be providing you BETA Testers each with a different amount of the three tokens as to test a real world experiment of different holders ratios and so on.

Q7 from Telegram user @lexiagarcia

When will we meet the team behind Flare Finance?

CryptoFrenchie: Well, I won’t put a hard date on it, but we can almost guarantee you will be seeing us for Q4 2021. 🙂

Q8 from Telegram user @Emidm37

There is something that confuses me. There is another project called Flare Networks, which is a partner of Ripple, is Flare Finance in any way related to any of those projects? Can you clarify this please? Don’t you think this can cause confusion for other users too?

CryptoFrenchie: Flare Finance is not in any way related to or supported by Ripple, XRPLabs, or any of it’s affiliates. Additionally, we are not affiliated with the Flare Network or TowoLabs Team or any of it’s afilliates. We are an independant third-party team. We are not in any way partnered with either of them either. We are, however, doing everything possible in the book to raise the chances of becoming an official partner to either ecosystem. For now though, we are in discussions with Flare Network, and we are doing all requested to ensure we bring a good product to the netwok that can support it and not damage it.

Q9 from Telegram user @ Amila19932

What is your major product? What are you going to develop for the users? And how are you going to get that product famous? @TheCryptoFrenchie

CryptoFrenchie: We believe our largest product will be FlareWrap.

FlareWrap delivers what has been long awaited for. A bridge to bring XRP to Ethereum. Flare Network pulled the heavy load getting XRP to it’s own network, not we will bring XRP to Ethereum and Ethereum Assets to XRP.

With FlareWrap, you will be able to wrap your USDT on the Ethereum Network and mint it on the Flare Network. Additionally, you will be able to wrap your FXRP on the Flare Network, and mint it to WXRP on the Ethreum Network!

We will finally be able to help bridge over $20B in locked liquidity to Ethereum and over $50B in liquidity to XRP!

Q 10 from Telegram user @supper_star_2

Every projector has a special aspect. If you have anything like that, what is it?

CryptoFrenchie: We strongly believe our special aspect is being the first user-friendly and carefully designed decentralized finance platform to offer institutional defi to a mass of traders and investors who are yet to see any innovation to the asset they hold. Flare Network is able to spark this innovation, while Flare Finance is able to help ease in some of that innovation as well.

Flare Finance will be the first institutional DeFi platform to hold the grunt of over $20B of locked liquidity waiting to burst out and seek a truly trust free means of becoming their own bank and yield generating custodian. Flare Network is the key to unlocking value. Flare Finance is the key to unlocking decentralized finance.

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/FlrFinance/

Twitter: https://twitter.com/FlareNetworks/

Websites: https://www.flow.page/FlareFinance/

When we think about markets of perfect competition, cryptocurrencies always come to our mind, we can find an immense number of projects willing to satisfy the needs of the growing number of investors. So, today we are glad to tell you about the AMA session with our friends from Bundles Finance. The AMA took place on November 25 and our honorable guest was @BundlesFinance.

The total reward pool was 200 BUND and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

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

D. | Satoshi Club: @BundlesFinance how is it going? 😊

BundlesFinance: Thanks you for having me. This is Simon from Bundles. A little nervous but very excited to be here!

Mary | Satoshi Club: Everything is great and let’s start with your intro @BundlesFinance 😃 and of course tell us more about your project!

BundlesFinance: Bundles is a new way of earning APY with a fixed supply and involves using your crypto prediction skills to compete against other users to earn more $BUND. We just launched our platform 2 days ago and it’s gone well (although a few bugs still to be fixed with the UI)

This was just the first pool we launched and we have many more themes of reward and time periods to introduce. If you are really good at predicting, you can earn an APY of nearly 800%

Mary | Satoshi Club: It’s great) we can earn by predicting?) Does it mean if I am bad predictor I will lose? Or I simple won’t have profit?)

BundlesFinance: If you are a bad predictor, there is a chance that you could lose some of your stake. We run real time leaderboards and relative positioning so you can see how you are doing throughout the staking period. Our leader at the moment has achieved a 26% portfolio improvement in just over 36 hours.

Q1 from Telegram user @crypto_propeller

It has become an exception to see projects that talk about team members. Kudos for that, it brings more trust to the project. There are still things that could be done better when speaking about team presentations. You have written text about it, but do you plan to share more accounts of the founders or other verifiable sources of information about them?

BundlesFinance:Yes, we do. It’s just been a whirlwind of a past month and now we have a little time we can work on things like that. Sid and I met 8 years ago and have been working on a crypto project called Elevate Health which was fortunate to get a lot of VC backing. With COVID we had to hold our pilot projects as they were international so we had the idea of Bundles! And here we are!

I do think a public team is very important. It gives accountability to investors. We aren’t Rockstars but we have been working in the crypto sphere for a number of years and know it well. We’ll update our profiles etc but it’s pretty east to find me on Twitter, I was one of the first Bundles followers!

Mary | Satoshi Club: May be you can share a link here, so everyone will be able to find?

BundlesFinance: Sid and I run the project, Sid id more technical, myself more community facing. In addition we have a team of DEVS, 2 full time and then another 4 at times of heavy work. We also have a marketing person and our TG admins. @BundlesFinance @SimonLewis8888, I live in Asia… hence the 8888!

The rest of the team are also in Asia, we have worked together for a few years now so we have a good relationship… athough the past 36 hours were a little fraught.

Q2 from Telegram user @malidonald

Your website is clear and simple, but still looks like work in progress. Especially the “Hall of fame” section strikes with emptiness. Can you tell us what information will you have there?

BundlesFinance: The Hall of Fame will show the winners from each pool. Because our first pool doesn’t end for 5 days, we haven’t had a winner yet. In the next weeks, that will fill up as our winners get their usernames immortalised in the Hall of Fame. As the pools end, this will fill up with usernames and their avatars.

D. | Satoshi Club: Do you plan to add something else on your website? any new sections?

BundlesFinance: Yes, we will add more staking pools with different reward structures and times of staking. Then, our big development is to open pools for other ERC20 tokens to participate in their own pools. BUND holders will receive fees for opening the platform to other token holders. It could be particularly exciting for tokens who may have lost some impetus and we can bring some life back to them.

Q3 from Telegram user @isd_orban

Bundles staking platform launched on 23rd of November at 10am UTC. Can you please tell us how it works? Is it simple as using uniswap or is it something different? Please share a guide.

BundlesFinance: Users connect their wallets. They then choose the amount of BUND they would like to stake on that pool. They then choose the Bundle (yes, that’s where the name came from) of currencies they would like to choose, the performance of this is measured and they then get a relative token position ranking that will determine payouts at the end of the pool. You can see a how to stake guide the site by clicking through to the Medium articles.

https://medium.com/@bundles.finance/staking-guide-how-to-stake-your-bund-on-bundles-finance-37cb2eea1aca

Note that the current pool is closed but the next one iopens in the next few days.

D. | Satoshi Club: I can only connect metamask, as I see?

BundlesFinance: Yes, it’s on the site. 5 days and 8 hours till the next pool opens, other wallets and mobile walletconnect comes this coming pool.

It’s a totally new concept in the space so has taken time to develop and build. We are not just a clone of other concepts so it will develop over the coming weeks.

Q4 from Telegram user @blockmen

You recommend not using more than 3 currencies on your Bundle in order to make it more safe and less complicated. Why is that? Also, please mention it on the website as well because people who don’t read your medium will not know about that

BundlesFinance: Good question. That is a short term recommendation as we will reduce the number of wallet approvals required to stake. As everything is recorded onchain in terms of your choices, there are 1 too many approvals required which will be fixed by the next pool. We are already testing the streamlined workflow. Then users can choose as many currencies as they like in their Bundle!

Mary | Satoshi Club: Got it) so, you still in testing phase on some features, right?

BundlesFinance: Yes, we wanted to provide some confidence to investors that the product worked. But we will really develop over the coming weeks. We prefer to see this as a Mainnet Beta platform. But staking has been strong with more users than we anticipated. It bodes well for the future.

D. | Satoshi Club: Have you plans in the future to connect project with other blockchains somehow?

BundlesFinance: Currently, we want to concentrate on Ethereum and pools for ERC20 tokens. That in itself is a great platform. But down the line, as other chains gain adoption, it is certainly a possibility. But honestly, it’s not in our roadmap for the time being.

Q5 from Telegram user @ivancryptoz

In an article on your medium account from Nov 13, I see that some of your smart contracts are still on the test net. Can you give us an update regarding the progress with this? Were they launched on the main net? If yes, did you have any issues with it?

BundlesFinance: Good question again. We took the precaution of having our audit done before we launched. As there are so many rug pulls in the DEFI space at the moment, we wanted to give investors’ confidence in the platform. So the contracts were audited in testnet. We launched on the mainnet as our platform went live. Were there any issues? A few! WE were about 8 hours later than we thought on launch. But considering how some projects are months behind, we feel we did a good Job!

Mary | Satoshi Club: Yes, great! And now my favorite question about audit😂 can you give a link to it?

BundlesFinance: https://solidity.finance/audits/BUND/ There you go! BTW Solidity Finance are a great auditor. Tough but very responsive.

Mary | Satoshi Club: Did they have any issues with projects they audited before? Do you know? Because, as you know, even projects audited by Certik are not 100% safe.

D. | Satoshi Club: Yeah, maybe just need more audits? for example, i’ve heard that 1inch (dex exchange) contract passed 11 audits.

BundlesFinance: Indeed. This is a very developing field and as such things are always progressing. We were recommended them by several people and took their recommendations on board and oir experience was positive. Although it was long in terms of information required.

Because I have been so engrossed in Bundles over the last month, I am unaware of the 1inch scenario. But yes, I agree with the point that multiple audits on a regular basis is a good idea and one will be enact.

Mary | Satoshi Club: Yes, hackers are very inventive now, so you have to be sure in your contracts security. Btw, if something will go wrong do you have any insurance fund or something like this?

BundlesFinance: Thank you. We are in the process of a bug bounty promotion. In the platform, it is only BUND that is staked so for the time being, we have enough BUND to offer a like for like replacement on the amount staked. But an insurance fund is being discussed. We are working with a LoL broker (Lloyds of London rather than LOL!) broker on this point currently.

Q6 from Telegram user @filippsubzero

Because of the fees on ethereum, the team will send $5 of Ethereum to everyone who stakes the first week. This is awesome. You are the first project to do that or at least it is the first time I hear it. It is very nice from you to help the community do that. But I thought of 1 thing: What if users will just ask for 5$ with multiple accounts and get away with this money? Do you have a measure for this case?

BundlesFinance: Thank you. We were unhappy that users had one too many approvals and wanted to bear that responsibility. We will only pay stakers who have staked on the platform that week so there would be no financial incentive to request multiple wallets as they would pay an equal amount of gas fees. I like this question, someone has done their research. Well done.

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram User @supper_star_2

Every projector has a special aspect.  If you have anything like that, what is it?

BundlesFinance: Thanks for the question. I think that a platform has to have a special USP as you suggested. Ours is the competitive element that we bring to staking. DEFI is very competitive and bringing that into one platform should be very engaging for people.

Q2 from Telegram User @Mgl800

If I want Bund tokens, where can I buy them? What exchange are they listed on and where could they be in the long term?

BundlesFinance: Thanks Miguele. We are currently on Uniswap but more exchanges are coming. Watch this space. Price wise I don’t think I should comment specically but we do aim to be a staking mainstay.

Q3 from Telegram User @Pannicota

Many DEFI projects seem to have a BIG PROBLEM that when farming/staking or liquidity farming started, the price goes down slowly because people unload to put liquidity into the farm, collect and just dump it, no hope for LONG TERM. Will $BUNDLES have an incentive for users to hold and not just farming/staking and dump?

BundlesFinance: Thank you for the question. I was hoping someone would ask this! The difference with Bundles is that we have a fixed supply, so we aren’t just minting tokens that can be dumped as supply increases. Our supply will never go above our current max supply of 97, 120.

Q4 from Telegram User @lembaranfotohitamputih

Is KYC needed to use your platform? What for the people that can’t submit documents for KYC?

BundlesFinance: We don’t require KYC. We are a DEFI platform so that defeat the object of being decentralised. You just need a wallet. We do ask for a username to populate the leader boards but dont user your real name.

Q5 from Telegram User @CryptoZaratustra

What is LEADERBOARD on your site for? Which users can get to LEADERBOARD? What are the benefits?

BundlesFinance: Thanks Ivan. The leader board is used to bring a competitive element to the staking. If you chooe a well performing Bundle, you will appear on the leaderboard. If you win you will be immortalised on our Hall of Fame!

Q6 from Telegram User @AmirJosh

So if my Bundle lands at 4-7 place out of the 10 coins, I still can recieve more $BUND even if I have negative performance? If example, my 3 chosen cryptos lands at #1, #6, and #10 respectively, do I have a chance to outscore the Bundle that chose #4, #5, and #6?

BundlesFinance: Hi Jacob. Good question. As we are a totally new concept, it can take a while to get the idea! It took me a few days! We measure the performance of all the currencies in one Bundle. So it’s your overall performance rather than each individual coin. We measure your % portfolio improvement over the staking period.

Q7 from Telegram User @AmirJosh

It is funny reading one of your medium article that place humans slightly lower than a goldfish when it comes to attention span. Well, there are so many crypto projects especially DeFi that created everyday. For now, the attention is in $BUND / Bundles Finance, but when other projects start copying your platform it will not be unique anymore. What are your plans to make Bundle stay relevant and exciting in this field for a long time?

BundlesFinance: You again! You ask some good questions! It’s actually true that because of tech that human’s attention span is dropping rapidly… I think we will be copied as it’s a great concept (if I may say so). But I believe that the original concept and team has an advantage when other projects copy them. I already heard that there is a project launching with a similar concept. I welcome that as it shows we have done it right.

Q8 from Telegram User @ShaLiPon

Since platform has just launched 2 days ago, what are these few bugs you encountered? What solutions you made to overcome these bugs?

BundlesFinance: Good question. We have had several offers to list on a CEX. We will be following through with them and yes, in answer, we will be listing on a CEX soon.

Q9 from Telegram User @Rebel99

I understand that staking on a Bundle is sort of like predicting and betting on a cryptocurrency appreciating in prize. What happens if my selected bundle isn’t amongst the top gainers? Would I lose all my $BUND?

BundlesFinance: Thanks Rebel. You wouldn’t lose all your funds. The max you can lose is 4% of your funds. But we recommend using research to choose your bundle beforehand.

Q10 from Telegram User @Sheriff_100

You talked about LOL doing an Insurance FUND. CAN YOU ELABORATE?

BundlesFinance: Hi there. Lloyds of London brokers are brokers that innovate insurance products and divert the risk through others. We are using Paragon to find our solution.

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PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Bundles Finance. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 140 BUND 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: BundlesFinance – Discussion: https://t.me/BundlesFinanceDiscussion

The project that we will talk about today has VR as its main objective, a technology that is part of the evolution to the digital age. Today we are glad to tell you about the AMA session with our friends from Dvision Network. The AMA took place on November 20 and our honorable guest was @BrianDvision.

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.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello again, Satoshi Club! We are happy to announce our AMA session with Dvision Network! welcome to Satoshi Club 😀

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

Brian: Hi dear community members of Satoshi Club! My name is Brian and I am the Head of Business Development at Dvision Network. I’m very excited to be here with you today! Let’s have the best AMA session =)! Before we start off I just wanted to make a little notification about the importance of joining our chat, as it’s gonna help you a lot during the quiz @dvisionnetworkglobal join here =)

Mary | Satoshi Club: Brian, let’s start with introduction 😀 you can introduce yourself and Dvision Network project!

Brian: Sure thing. As I have introduced myself already, I will better briefly introduce our project.

First and foremost, Dvision Network is essentially a blockchain-based VR content ecosystem, which also powers the NFT marketplace within virtual reality. Dvision Network presents a new virtual reality world, where humanity can lead an affluent life, at the very center of the ICT based fourth industrial revolution. In fact, to be more precise, Dvision has 3 important platform pillars, which can be explained briefly as an NFT marketplace (VR-Market), where you can also create and trade unique items; Tailored Virtual Reality (VR-Space), where you can customize and acquire the virtual space; Collection of VR-Spaces (VR-City), it’s a public VR world, where you can enjoy the metaverse with other users.

But in fact, it’s quite hard to squeeze everything about Dvision in these 3-4 sentences, so I will share with you a youtube link, that will provide you with a bit deeper understanding of Dvision Network! Here you go: https://www.youtube.com/watch?v=i5-Lg-eHAo0

Mary | Satoshi Club: Brian, if I will tell that I am not very familiar with VR, how you can explain it to me? In some simple words.

Brian: Well, I guess you have to first understand that Dvision Network is only about VR, and most importantly we try to provide to our users the VR content experience, which is a software side of the VR domain and has tons of issues there due to the lack of decent content in the space. Simply speaking, the VR content ecosystem is an enhanced user experience, where you can try different things with a gamified feature.

Q1 from Telegram user @KevSalom

What equipment or hardware do I need to enjoy Dvision Network? Do I need very sophisticated equipment? Or will I be able to play from my laptop?

Brian: First of all, we do not limit our end users to particularly VR equipment, as our content does not require to have one, if you have one, that’s great, but eventually if you’re packed with a laptop, desk computer or even a mobile phone, you can easily enjoy the content that we provide in our metaverse!

Mary | Satoshi Club: So, just smartphone and i can join?

Brian: Yes, indeed! However, the mobile version will be provided in the later stage, we will certainly announce it, when the right times come! Make sure that you stay updated with our news in our channel: @dvisionnetworkglobal

Q2 from Telegram user @PaoloMonte87

While reading through the partner’s section on your website I noticed that currently the only exchange where DVI’s listed is the South Korean crypto exchange CoinOne. I know that you’re carefully planning before deciding to venture onto new exchange listings. That makes your project one-of-a-kind in that sense, since most project almost immediately decide to go for the Uniswap protocol at launch. Is there any particular reason behind the choice of not even providing a starting UniSwap pool? And which do you believe are the long term benefits in matching future listings with the completion of product development stages for Dvision stakeholders?

Brian: Well before getting into the future listing plans, I just wanted to briefly mention that Coinone was our first exchange listing platform, and then we got listed on Uniswap upon the surging demand coming from our users. However, we also got involuntary listing on Hoo.com recently, which wasn’t actually carried out by us. Regarding the future listings, I should say that Dvision Network is quite a project with a certain level of popularity and people want to see us on different top-tier exchanges, however as you said, we indeed want to be careful with our listing plans, and thus be assured, that the next step will be a huge step forward! Stay tuned in our community and make sure not to lose an opportunity, when it comes (not an investment suggestion, though).

Q3 from Telegram user @Jonahapagu

In your Marketplace (VR-Market), Users can also request developers to create items according to their own preferences… This i think will open up another market for developers… so If i am a developer what do I need to know or have to be able to partake in this market place and have requests from users to create items for them…and who determines the fees I will be paid for the Items… apart from developers can’t non-technical users also be able to create their own unique items?

Brian: Good question. So, first of all, it’s not a rocket science to develop an item in the 3D modeling tool, that we will provide within the VR-Market, and thus any person with certain level of creativity will be able to create a unique item, that can become quite a thing, provided the features that NFT standards enable. First and foremost, the structure of the designer-customer relationship, including the economic side of this relationship is going to be released and explained thoroughly soon with the launch of our VR-market. Therefore, I highly recommend you guys to stay updated with our announcements and news in our channel, so that you don’t miss out the launch phase, where btw we will have a huge airdrop.

Mary | Satoshi Club: Will you have educational section somewhere which will be available as soon as your VR-market will launch?

Brian: Sure thing! We will be uploading educationary posts in our medium blog (which you can find here: https://medium.com/dvisionnetwork) and we will also be uploading a lot of tutorials in our website (dvision.network). But the best way is always to join the community =)

https://twitter.com/Dvision_network

Q4 from Telegram user @AmirJosh

There are many companies that already ventured on the VR industry but find it hard to turn it into lucrative money making machine like you said in your whitepaper even the giant Google in 2019 give up with the idea. Dvision Network on the other hand, will spice things up by combining Blockchain and VR Technologies. As an investor, how long will it takes for Dvision Network to integrate these 2 technologies and give investors an steady profit? Will it be months or years.

Brian: That’s a very smart of you to gauge the whitepaper before asking this question, I do respect that! BUT, the Dvision Network is here exactly to solve the issues that big companies faced, and that is to solve the content absence issue. The blockchain is on the other hand will only enhance and accelerate this process, and as you know, the NFT market is going to be the “DeFi” like thing, which will drive the growth and will allure not a small amount of capital. We will make sure to bring our metaverse to our users as soon as possible, and I should say, that it may even be earlier than it is mentioned in our roadmap, but please, do stay tuned!

Mary | Satoshi Club: What do you mean by “DeFi” like? NFTs still have some unsolved issues, especially in cross-chain aspects.

Brian: I mean, it’s going to be a hot topic, and it already is! Some of the projects, including us with our UniLend partner, are exploring the opportunities to overcome the issues and to enable the solid crossover potentials! I believe, that the next hot thing that may turn up in the space is the DeFi x NFT crossover, which will enable the yield farming possibility for the users!

Q5 from Telegram user @konditer_rolex

The virtual world is a very exciting topic and many immerse themselves in it to hide from problems. But we live in the real world and we have to keep the blows of fate on this side of the monitor. Can you tell me the future of your network in the real world? Perhaps you already have experience of application?

Brian: First of all, the virtual reality, that we present is practically enhanced or shall I say augumented experience, that users can feel and be part of, but that’s not necesserily hiding from the reality, it just can be a temporary, but never a permanent option for any mentally healthy individual. However, imagine the situation with COVID-19 and imagine that you want to visit a concert or large-scale event, can you do that? More likely it will be banned because of the risks involved with the spread of the virus jeopardy. And exactly here the VR comes as a solution. Although, I may provide you with a long and detailed answer about why VR is a good solution for this issue, I shall better share with you a link to the video, where you acn see how exactly this large scale event occured in the borders of our own metaverse. Here you go: https://www.youtube.com/watch?v=pPJumsOJCsA

Q6 from Telegram user @borysfireball

At first glance at your website, your main focus on East Asia is obvious, is it really your priority or is it a first false impression? What are your priorities in developing and achieving global knowledge and disseminating Dvision Network technologies globally?

Brian: Well, we do not discriminate our userbase, and we are always happy to see people from all over the world, and thus we have both global and local communities, with people ready to help you and provide you with answers to all your questions. In fact, the Dvision Network is based in South Korea, however it is truly globalized project with a global target, and we have followers from all over the world, not limited to APAC region solely!

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram User @Nickkiii

Does Dvision have other plans to adopt other coins in your payment system asides $TOMO?

Brian: If you have looked into our partnership announcements, you may notice, that most of those projects are included in the top 100 under CMC ranking, which means most of those tokens/coins are solid and have a certain level of liquidity. For us, it’s quite important that our users have no issues to participate in our token economy, as we will adopt the coins/tokens of our partner companies to enable our users to have a better access to the economic participation in our metaverse. Let’s say, if you have eGld or MATIC coin in your metamask, you will be ok with purchasing items/space in our metaverse. This is the idea behind the adoption of tokens and coins.

Q2 from Telegram User @Jonahapagu

Within your VR Market there will be an “ITEM Market” which will be a space where basic items provided by the Dvision team are traded and P2P transactions are carried out between users…. What Basic Items will the DVision Team be providing on this platform and who and what requirements will users need to obtain this items… after users obtain the Items you will be providing what can they traded or used for…

Brian: This is a very important question, which is associated with the VR-Market. I would love to tell you, that soon we will be publishing our VR-Market, where you will have the access to our NFT domain, where you can create and trade your unique item within VR-market. Respectively, in the initial stage, we will definitely provide fundamental items offered by the Dvision Network, however the exact and accurate tutorial will be released along with the launch of the VR-Market. I do suggest you to join our community to stay tuned with the upcoming news!

Q3 from Telegram User @Mantapkansuasana

What is your strongest advantage that you think will make your team leading the market? As I know a strong community is very important for every project. Do you plan to be a local or global project? What strategy will be used to expand the community?

Brian: The first thing, that I’m never afraid to mention, when answering to this question – is that we’re quite different from our competitors and we truly understand the issues found in this space, and we have advanced experience in the VR technology, and combining it with blockchain, thereby enabling the best features of it, we will try to put all our efforts to be among the leaders of this exceptionally innovative and booming market!

Q4 from Telegram User @BERTA2020

The erc20 network transactions affect the transactions in your VR? due to the high fees or does DVISION have a solution for it?

Brian: I hope, you have looked into our recent partnerships. If not, let me please redirect you to the publication, which will totally answer your question. I choose this question, as it is very important to address the high gas fee issues in our domain =) Here’s the post: https://medium.com/dvisionnetwork/dvision-network-luniverse-strategic-partnership-1939be8d6dba

Q5 from Telegram User @leixagarcia

A simple question: Will I need to pay you or buy a $DVI token in order to play?

Brian: In fact, the DVI is a utility token, that will only enhance your time spending within our metaverse. Although, we do not force our users to be economically active, but in order to “monetize” your assets, you first need to invest in those assets, right? In the same strain, you will have to incur some fee payments, while creating an NFT item, or will have to stake your DVI tokens in order to offer advertising services to the public and etc. In short, it all depends on you, you may even freely browse through our metaverse, but you will definitely find it more attractive to but some DVIs to enhance you experience.

Q6 from Telegram User @konditer_rolex

Will it be possible to lease the acquired land and content that the user creates himself? Do you plan to use the creative thinking and technical skills of users in the development of the platform?

Brian: This is the concept, that is currently being reviewed internally. As it is quite important for us to choose the right concept eventually for the best user experience. First and foremost, we contemplating between space acquisition and space lease concepts, and both of them have their own pros and cons, thus we will surely update you on this information, since there are a lot of updates are coming in the Q4 2020! But briefly speaking, if you are a creative and have an imagination, you may construct a very great space for yourself through our customization function =)

Q7 from Telegram User @LLeeKuanYew

I find Dvision network’s vision, solution and mission to be amazing. But that is in theory, and in fact is a different story. For Dvision network to be as realistic as you say it needs a strong, experienced team. So can you recommend your team (Founders, R&D, Developers, etc…)?

Brian: That’s perfectly true! But let me tell you, that behind the Dvision Network, there’s a big team of experts, who are fully experienced in the VR industry, and by even now, you can observe the demo version of our product, which is the result of long hours of hard work! Here’s the video, just have a look: https://www.youtube.com/watch?v=o7mJdOVBamw

Q8 from Unknown Telegram User

…

Brian: Blockchain is a gift for the gamers and for everyone who loves decentralization. Simply speaking, by bringing the blockchain we tackle the issues of copyright ownership, integration and burdensome exchange rate differences. But first and foremost, it’s all about user, who will eventually own, like really own his creation.

Q9 from Telegram User @jobel4

Can you share some of real-life use cases that VR is being applied through your network? What industries that Division Network hop in to make use of some of Division Network VR items? Thank you.

Brian: As I have previously answered, we will try to cover all the industries, that were affected by the COVID-19, and those include a lot of them, especially MICE industry, which stands for Meetings, Incentives, Conferences and Events. We will try to even adopt a large shopping mall inside of the metaverse, where users will be able to have a gamified shopping experience. Besides, we will present them opportunities to visit concerts, museums, parks and etc. It’s truly unlimited power here, you just have to try once.

Q10 from Telegram User @Amila19932

What is the tokenomics of DIVISION? Which amount will be reserved for liquidty? Is it going to be locked?

Brian: This is the last and most important question, that should increase the reliability and trust in the project. Dear community members, be assured, that Dvision is already in talks with the right, top-tier, custodians in order to lock the liquidity in their custody, which will eventually evaporate all the fears of our current and potential investors. We do hope, that you will hear from us with the best news in the upcoming days! Stay updated and join our community: @dvisionnetworkglobal

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PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Dvision Network. A link to a Quiz form were 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:

Dvision Network – Community (En): https://t.me/dvisionnetworkglobal

Satoshi Club never ceases to amaze its members and offer them something new. And today we are not visiting by a project, but an individual.. Now we would like to tell you about the AMA session with our friend PapaWeirdo. The AMA took place on November 26 and our guest was PapaWeirdo.

The total reward pool was 1000$ 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

Serg | Satoshi Club: So, tbh, this is the first AMA in such a weird format 😀 Welcome to Satoshi Club. how are you today mate?

Dr Weirdo: Thank you Serg glad to be here with u. Didn`t sleep yet :laughing:

Irina K. | @satoshi_club: For how long?

Serg | Satoshi Club: why not? is it the job?

Dr Weirdo: from 11am yesterday, now its 4pm. yup

Irina K. | @satoshi_club: Weird is interesting

Dr Weirdo: ppl just started to call me dr weirdo years ago. no clue why :laughing: do i look like weirdo ?

Serg | Satoshi Club: no, you look like anyone else 😁 joke of course. Yes, you have something different. Let’s try to find out what .can you tell us more about your job?

Irina K. | @satoshi_club: What do you do in “real life”?

Dr Weirdo: im working in army, so some info cant be reveal also, for the securtiy

Irina K. | @satoshi_club: We’ll name you general Weirdo 😊

Serg | Satoshi Club: so, beside military what do you do? how did you get into crypto?

Dr Weirdo: getting into crypto was by luck, btw who lead me into crypto. it was my father
back to 2012

Irina K. | @satoshi_club: really?

Dr Weirdo: yea

Irina K. | @satoshi_club: Usually it’s the other way around

Dr Weirdo: he didnt know abt crypto, but i just asked him

Serg | Satoshi Club: reaaaly? you have a very progressive father. Mine is still afraid of crypto

Dr Weirdo: Look Father , i got some saving money i heard abt something called BITCOIN bla bla
, he just told me one thing – if you cant risk something , you cant achieved, so i risked it with all my saving

Serg | Satoshi Club: yes, we have this words in every language of the world I suppose. We also say that if you don’t risk, you don’t drink champaigne

Irina K. | @satoshi_club: Smart man

Dr Weirdo: wasnt that big but now its kinda big one

Irina K. | @satoshi_club: Nice story

Dr Weirdo: ya sad i lost him 2 years ago

Irina K. | @satoshi_club: oh, that’s sad :disappointed:

Serg | Satoshi Club: I am sorry mate. My condolences

Irina K. | @satoshi_club: Was he a military man as well?

Dr Weirdo: nope. but he adore military. all egyption btw join the military at specific age

Serg | Satoshi Club: so, it’s mandatory

Dr Weirdo: its until u want more, i mean for uneducated ppl

Serg | Satoshi Club: got it. being a military is not easy at all. You have a lot of restrictions in personal life.my uncle is in military so it’s the same.

Dr Weirdo: they go for 2years+ in army. for educated ppl are just 1 year after 1 year u can stay more if u want, but u will pass via some test first. because u will not be just soldier in this case , u will be officer and so on. also with some bribs :laughing:

Serg | Satoshi Club: haha

Irina K. | @satoshi_club: do they accept crypto as well?

Dr Weirdo: they r not

Serg | Satoshi Club: only cash I suppose

Dr Weirdo: and even if they r i will not offer

Q1 from Telegram user @piccoloclub

I see that you are a BTC maximalist. When did you start to fill your BTC bags and why are you a BTC maximalist?

Dr Weirdo:

• 

im just bitcoin MAXI for the legacy honor. and many other reason to be BTC maxi

Irina K. | @satoshi_club: like what? We’re curious here :blush:

Dr Weirdo: wouldnt be u btc maxi u if u were few bucks and now multimillionair ? even if its scam ?

Serg | Satoshi Club: haha, fair point! do you agree with people who say it will be 100000+ in the next year?

Dr Weirdo: 100% agreed. im saying this , just imo because how much rich arab men started to ask me abt bitcoin and i know what mean when arabs are into stuff legacy like btc

Irina K. | @satoshi_club: what does it mean?

Dr Weirdo: arab the ppl who like to own the stuff, Monopoly i mean, sry had to translate a word in english

Irina K. | @satoshi_club: Got it. Need to touch and see, not some digital stuff. This is what you meant?

Dr Weirdo: what if it come now with digital stuff, i said this, because when a boomer call u asking u abt bitcoin he dont even know how apple id work. so no matter now if it digital or physical. he just need to own bitcoin

Serg | Satoshi Club: you want to become a billionaire I suppose

Dr Weirdo: exactly this im aiming to be

Q2 from Telegram user @Antonerem

I’ve seen that you want to grow your own community on Discord, Twitter an so on. What is the purpose of those? What do you plan to achieve by growing this communities?

Dr Weirdo: tbh , i like to be helpful and friendly with everyone who deserve it , because one day i didnt have even money to pay for my school. rn , i have no benfits at all from doing this , but with the days i see it , something so good that i can build good bzns to be used worldwide. but my priority helping. thats it

Serg | Satoshi Club: how many people did you help until now?

Dr Weirdo: i dont count xD

Irina K. | @satoshi_club: That’s very nice, not something very common. What did you study, by the way?

Dr Weirdo: military air force

Irina K. | @satoshi_club: nice. did you jump with a parachute?

Dr Weirdo: i thought u will ask me did u drive a plan. but i didnt, because for me i dont want it

Irina K. | @satoshi_club: why not?

Dr Weirdo: its not my job, its another section i can say :laughing: not all the doctors can cure ur heart xD

Irina K. | @satoshi_club: I suppose you’re right.

Serg | Satoshi Club: a Russian helicopter I suppose? 🙂

Dr Weirdo: yup

Serg | Satoshi Club: Kamov 52. btw, have you ever participated in a military action? a real one I mean

Dr Weirdo: ya sure, weekly, but i prefer to not talk about this part 🙂

Q3 from Telegram user @whoosylady

What is https://sh7n.online/? It says coming soon on the page, can you tell us what will it be?

Dr Weirdo: aha about sh7n , its website that you can buy all kinda of digital stuff like ( amazon gift card , itunes, games card , charge ur phone credit etc ) i know this idea its millions around. but i just aimed at the first , middle east where many ppl dont hv credit card to purchase online and because nowadays gamers started to grow so fast in middle east. and most of them dont hv credit , so at sh7n u can buy with crypto and other payments in middle easy that i know such as ( FAWRY , AMAN , MEZZA ) u can just receive code on the website and u go pay it at any supermarket

Serg | Satoshi Club: it’s yours, right?

Dr Weirdo: ya its

Irina K. | @satoshi_club: when do you plan to launch?

Dr Weirdo: on 7/1, but maybe will be delay because i requested top 1 peice NFT for the website and the guy said it might take 3-4 months imagine xD so if i will not make it in 7/1/2021 then 7/7/2021, im not in rush 🙂 and its not project to rug :parking:

Serg | Satoshi Club: with whom are you working? 😁

Dr Weirdo: wait i send u his name on twitter random NFT art. https://twitter.com/itsparrott

https://twitter.com/cryptomemez and this guy also who made the NFT piece for me

Irina K. | @satoshi_club: It’s the same guy that made your nft card?

Dr Weirdo: nope, https://twitter.com/cryptomemez this one Irina

Irina K. | @satoshi_club: Got it. Thanks for sharing. Yeah, it’s a cool work. Good quality

Dr Weirdo: thank you 🙂

Irina K. | @satoshi_club: Is there something similar atm? as the platform you want to launch?

Dr Weirdo: btw there is original pic of that NFT

• 

Irina K. | @satoshi_club: I saw it but let’s share it here. So that the community see it too. General Weirdo in action 😊 The jump is for the photo or you are practicing some sport?

Dr Weirdo: i always do kinda stuff :laughing:

Serg | Satoshi Club: you’ve got ninja skills

Q4 from Telegram user @trustmywallet

You recently launched your first NFT card with PapaWeirdo. We are able to bid for it. What is the plan? Do you plan to release more of these? What are the bids you received until now?

Dr Weirdo: TBH , i didnt even know that some will think to bid for it , i just did it for me , because i like art i use to draw some stuff also. but after seeing many saying what this and and

Serg | Satoshi Club: do you paint?

Irina K. | @satoshi_club: Share with us some works you’ve done

Dr Weirdo: i got an idea but i dont even know how it will be

Irina K. | @satoshi_club: I am curious

Dr Weirdo: for sure i will need some consult on it, its just came in my mind. i will mint 77 or 777 NFT card of that one and i will lock 77 BTC for time. it will go automaticly for all the holders when BITCOIN reach for example 77777$, dont ask me plz what the reason. i dont even hv clue , if its good for the ppl or not, i didnt did the math

Serg | Satoshi Club: you just like the number 7 🙂

Dr Weirdo: the idea just came in my mind using my 7 lucky number. thats it

Irina K. | @satoshi_club: Do let us know when it’s running

Dr Weirdo: i rily dunno abt that nft one. need to ask ppl who rily know better than me

but right now im running small website just for giveway. smart contract xD its just way to make fair giveway, caz ppl said my giveway are fake

Irina K. | @satoshi_club: Share the link please

Dr Weirdo:

• 

my conversation few hrs ago with the guy who gonna make it. i just bought the domain now :laughing:(papaweirdo.finance .stay tuned to work on it

Serg | Satoshi Club: giveaway for some actions? haha, nice 😀

Irina K. | @satoshi_club: Multi-tasking?

Dr Weirdo: trying my best :laughing:

Serg | Satoshi Club: piloting a helicopter, participating in AMA and buying a domain? at the same time

Dr Weirdo: hahahaha who knows what im doing right now

Serg | Satoshi Club: only you do 😀

Dr Weirdo: GOD only knows

Serg | Satoshi Club: btw, do you do investments in projects? Pre-sale, private, seed

Dr Weirdo: yea sure

Serg | Satoshi Club: how do you pick them?

Dr Weirdo: sometimes i read the whitepaper and i dont lie some i pick because of the desgin of the site, ya im that type of person, art stuff are attracting me

Serg | Satoshi Club: and the projects you have chosen based on this were successful? just curious 🙂

Dr Weirdo: CORE . not at all from me , but some of them are 100% mine not based on fken TA but based on my spirtual magic

Q5 from Telegram user @abel_goldman

you have channels with chart analysis and signals. Where are you taking them? Is it your own analysis? how much is the rate of success for your preductions?

Dr Weirdo: about the success rate , you simply can check all the signals have been given and you can know ur self how much success rate its 🙂

• 

ok i will

Serg | Satoshi Club: tbh, I also do trades mostly based on my gut 😀 based on previous experience

Dr Weirdo: but i have 2 of the best TA boomers in the server

Irina K. | @satoshi_club: what do you mean?

Dr Weirdo: lol just joke :laughing: i mean in discord server. i know 2 of my father friends they r old TA, but with STOCKS. so i teased them to turn into crypto these fken boomers before they die in hell

Serg | Satoshi Club: what do they say about Tesla? overvalued or not?

Irina K. | @satoshi_club: if they’re old and still doing it, they can’t be bad :blush:

Dr Weirdo: tesla has way more to achieve, imo and the fken boomers opinion too. fken not an offensive btw

Serg | Satoshi Club: not at all 😁

Irina K. | @satoshi_club: where does it come from?

Dr Weirdo: i see it as cool word mean more close n friendly

Q6 from Telegram user @originallypurgatory

Are you a tech guy involved in crypto projects or a trader/ crypto enthusiast? What is your role in the blockchain ecosystem?

Dr Weirdo: simply im making money and also i think i hv answered kinda question like this before

Serg | Satoshi Club: yeh

Dr Weirdo: my main project, i mean the physical one. IS NEXUS, it will be in EGYPT

Serg | Satoshi Club: what does it?

Dr Weirdo: GAMING CENTER, but big one FOR EA sport i mean. for hosting compition games

Serg | Satoshi Club: which are your favourite games?

Dr Weirdo: CSGO,COD,LOL,FALL GUYS :laughing:

Irina K. | @satoshi_club: quite a gamer, aren’t you?

Dr Weirdo: i dont play tat much anymore, i used to supporting my young brother

Irina K. | @satoshi_club: By the way, did you mine ETH? Or BTC is your main investment in crypto?

Dr Weirdo: bitcoin i never mined eth

Irina K. | @satoshi_club: Is he doing it professionaly or just for fun?

Dr Weirdo: professionaly

Dr Weirdo: only bought eth at 15$

Irina K. | @satoshi_club: Not bad :sweat_smile:

Dr Weirdo:not at all :laughing:

Irina K. | @satoshi_club: is he successful?

Dr Weirdo: im still confuse where to guide him, into gaming or developing

Irina K. | @satoshi_club: which one is he doing better?

Dr Weirdo: im sure both he can do, but once he told me he want be an pilot or mechanic engineer for the plans

Irina K. | @satoshi_club: Stepping into brother’s shoes?

Dr Weirdo: something like this hahahah

Serg | Satoshi Club: I would say developing but I believe gaming is more fun 😁

Dr Weirdo: both are into nerd GUY :laughing: and i dont want

Irina K. | @satoshi_club: we just agreed that weird is cool 😊

Part 2 — live questions from the Telegram community

Q1 from Telegram user @cengizhantekin

You say you won’t sell BTC before $77,777. Is there a special meaning of that price for you? When do you think Bitcoin will reach that level? Will you sell for sure when that happens or just a possibility?

Dr Weirdo: 7 is my lucky number , nobody knows abt time , but im sure 100% it will happen not financials advices , yes i will sell and rrebuy again the same amount io jsut sold

Q2 from Telegram user @AugusS7

your original idea was always to develop an NFT card project? Or really, as time went by, did you see that it would be the most profitable and easiest project to develop and that’s why you chose it?

Dr Weirdo: i didnt have any plan to create NFT and make project , i jsut wanted one piece art for me , but then comes the idea that i said at the first AMA

Q3 from Telegram user @Cakelov

So are you still single ? Do you have any girlfriend or wife right now ?

Dr Weirdo: married 2 , and have 2 kids , but i dont mind marry 4 as well 🙂

Q4 from Telegram user @Idee01

Huobi Global is one of your folllowers on twitter. What’s the nature of your relationship with Huobi?

Dr Weirdo: no clue why they followed me rily , but maybe the know something ?

Q5 from Telegram user @adityapx

Papaweirdo, what do you think about XRP? you announce that you don’t want to sell until 2021, but you’re selling now. may you tell us? Thank you

Dr Weirdo: i never sold my XRP in spot

Q6 from Telegram user @JoxesXIII

Mr. Papaweirdo, carrying out new projects not only makes us grow as people but they also teach us what success means. However, in this ecosystem there is sometimes a lot of uncertainty and doubts, are you afraid of the crypto future or are you completely optimistic?

Dr Weirdo: completely optimistic . who know we r the new leader of money era

Q7 from Telegram user @Jonahapagu

if you were to look at a specific project what kinds of signals will you be watching out for before tagging that project as either a good or bad Project..have you had to make any decision about a project after an AMA here in Satoshi club

Dr Weirdo: tbh , once defi started i get lost , at the first i picked my project based on the desgin :laughing: and then come with the white paper that i hv to read, but for sure not all of it

Q8 from Telegram user @melanintrish

How did you come about 777 being your lucky number ?

Dr Weirdo: its just started like this , to see everything with 7 , my bday 7/7 and everything lucky comes next always have 7 number, so i adopt it as lucky number

Q9 from Telegram user @trader0fficial

Tell me 10x coin

Dr Weirdo: 10x coin

Q10 from Telegram user @kripto_mangunkusumo

What do you want to achieve by doing this AMA? do you want to increase the number of followers on twitter?

Dr Weirdo: not really , if u check the pinned message check my discord server where u can find all free stuff , and most are succes

Q11 from Telegram user @baimwong1

if btc ath what dr weidro did?

Dr Weirdo: i will wait for another ALH

Q12 from Telegram user @GoldRocket27

if you are not in crypto, what would you like to do?

Dr Weirdo: artist

Q13 from Telegram user @brodzonl

Why are you giving money to people?

Dr Weirdo: once before i didnt have money

Q14 from Telegram user @jerlyyyyyn

Are you also supporting other crypto projects aside from bitcoin?

Dr Weirdo: CORE

Q15 from Telegram user @Shekwoyemi

Many tokens dump after launch. How do you intend to prevent that?

Dr Weirdo: NOBODY KNOWS , the guy with defi it self ANdrea , he scammed ppl before so u never know who gonna rug

Q16 from Telegram user @kartika84

From the military field … Being a professional trader like this … Since when did you learn ??? And what are your suggestions for beginner traders like me ,,, who want to be smart at analyzing / predicting prices??

Dr Weirdo: i just said im not pro trader or even TA guy , i know little , but everything i do based on my spiritual magic

Q17 from Telegram user @Diptipande

“What was the last gift you gave someone?” ?

Dr Weirdo: 1000$

Q18 from Telegram user @KelierTG

Where can we buy a PapaWeirdo NFT? What token do I need? On which platform should I do it?

Dr Weirdo: is not yet for sale , i dont even know what im going to do next

Q19 from Telegram user @toanphamhd

How can we, as users or investors, trust your project, while we don’t know the whitepaper and roadmap about your project clearly. When did we find out about this? And what about this project in the future can you explain a little?

Dr Weirdo: here u r the whitepaper

Dr Weirdo: i dunno if the video i just sent will delviry or not

https://esatoshi.club/wp-content/uploads/IMG_5592-1.mov

mean while here the discord server , because many said its expired , also i have meme channel weekly winner for best meme 50$
https://discord.gg/kZk7DAza

Serg | Satoshi Club: @DaddyCryptoo, thanks for joining the AMA. We hope you enjoyed it 🙂

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of crypto. They’ve prepared 4 questions for this part. The total reward pool for quiz was 700$.

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:

PapaWeirdo Community: https://discord.gg/kZk7DAza

Twitter: https://twitter.com/PapaWeirdo

We are pleased to announce our next AMA on December 1st 2020 at 02:00 PM UTC Time: Satoshi Club x ROYALE

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

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

We will have the following structure:

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

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

Part 3: 300$ – A quiz about ROYALE

For more details:
ROYALE – @OfficialRoyaleFinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on November 29th 2020 at 02:00 PM UTC Time: Satoshi Club x YFLTD

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

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

We will have the following structure:

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

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

Part 3: 300$ – A quiz about YFLTD

For more details:
YFLTD – @yfltd
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Today we are glad to tell you about the AMA session with our friends from Tapmydata. The AMA took place on November 19 and our honorable guest was Gilbert Hill.

The total reward pool was 1000$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello, Satoshi Club! We are happy to announce our AMA session with Tapmydata! @Gilbert_Hill welcome to Satoshi Club 😀

Gilbert Hill: Hallo good to be here!

Mary | Satoshi Club: Please, introduce yourself and Tapmydata project.

Gilbert Hill: I’m based in Uk and ran a web agency for 10 years, where I got fascinated about how our data is used and monetized. I built a software company to do auto cookie scans and produce those banners everyone hates – sorry! That grew real fast and we sold to a US company which is now first privacy tech unicorn.

I wanted to do something which would help people get their share of all this money being made on the web, and use the blockchain.

Mary | Satoshi Club: Ahaha so, that were your banners.

Gilbert Hill: Yeah I keep seeing them 🙂 With Tapmydata, I knew we needed tools which are easy to use and plug in to the data which is out there, so we started with mobile, because that is the way we all interact now. So you can have your data in your pocket, and start to control and share that.

Q1 from Telegram user @parisienne_a

You are aiming to help people control and receive income by using their data. There are already projects which aim to do this like Brave browser and other platforms for ads and so on. What new are you bringing on the table and what experience your team has in this field?

Gilbert Hill: While projects like Brave and Swash have helped make people aware their data has value and this can be realised through crypto, they still work in the limits of the current AdTech system; I get paid for my attention, or for my browsing history to be sold to advertisers. We’re creating the building blocks for people to play a new role with their commercially-valuable data, where they’re in the driving seat. Rather than see ads for something I bought last week, I can let companies know I’m in the market now to buy a kettle, hardware wallet or an insurance policy. Advertisers can buy these consent artefacts at scale, incentivizing users with tokens.

We’ve got a background in AdTech ourselves so have the relationships to help them change, rather than just try to destroy it. This is also good for advertisers – no more buying fake attention from bots

Each user can manage their own digital identity, mint NFT’s of Blockchain Verified Consent and license this for use across the web, receiving value (ERC20 tokens) from organizations.

Mary | Satoshi Club: Ok, what is the exact steps I need to take to realize what you’re saying now? Do you have instructions how to use your app now?

Gilbert Hill: Yes! The first thing to do is download it, and start to add, verify your data. These are the things that help you get a better response from companies now…

D. | Satoshi Club: And people who use Tapmydata now, can they earn already some tokens?

Gilbert Hill: And are also the actions that help the community so are the ones you’ll receive tokens for.

Mary | Satoshi Club: I already earn 1😀

Gilbert Hill: Haha well done that is our stellar token, we use it to fuel the transactions, but it will be the new ERC20 after launch. SO keep using the app! Also the app is how people will pre-register for public sale using app. So it’s the first step of KYC.

D. | Satoshi Club: Very nice! when are you plan to launch a new token? and i assume people will swap current token to the new one, in which ratio?

Gilbert Hill: Now for the first time my window cleaner is asking me about data, and about crypto, so this helps get him on board. New token will launch during public sale, we will do 1:1 swap for stellar in app Q1 next year.

Q2 from Telegram Username @Rebel99

How is Tapmydata able to provide the data being requested by a user? Also, how are you certain that the person requesting the data is the owner of the said data in order to prevent one’s personal data from falling into the wrong hands?

Gilbert Hill: Great question! We make it easy for companies to provide data using our secure channel. It’s really important to verify person requesting data is who they say they are. So we encourage to verify their ID – then we use public key cryptography to create secure P2P channel between that person and the company, no-one else can get access, including Tapmydata.

Mary | Satoshi Club: Is this 100% guarantee or some minimal risks exist?

Gilbert Hill: Finally, we are building now an integration with a personal data store provider (DataSwift) so you can export your data securely off your phone. You still need to be careful of course, but it’s a lot safe than trusting a random marketing company to have your data! Or when a company asks you to send your passport, utility bills docs to info@… Now you can say, I use Tap for this and more companies are realising this protects them, too. So no, nothing in life is 100% 🙂

Q3 from Telegram Username @PaoloMonte87

Nowadays data represents a big concern. Many unscrupulous social media & advertising companies, often politically-tied, are learning and have learnt to a degree how to use that data to manipulate people for their own ends. Probably one of the creepiest scenarios is one where this information can be used at an almost non-detectable level by governments, for example, to emotionally influence our decision-making, therefore diverting significantly our opinions/choices/behaviors. I know I’ve brought up a big topic, but I wonder if TapMyData can a positive role in helping people overcome data manipulation? Are you also working on more ambitious and wider scopes to propose TapMyData to institutions and help avoid the weaponization of data I’ve evoked above? Can the blockchain be a potential solution?

Gilbert Hill: This is a big question, and so important – thanks! Data has been weaponized and used most recently in US election to confuse and deter voters from showing up. Both sides and their partners have used data scraped from platforms to give people info that they are ineligible to vote, or turn up at wrong place.

The current lawsuits are showing how trust has been lost in physical, postal voting – blockchain is a great solution and there’s nothing which stops it being used and Tap can be used in this context – I chatted with Matt Aaron on decrypt.io about this here https://podcasts.apple.com/us/podcast/oct-23-the-voting-dilemma-your-data-voting-on-the-blockchain/id1520762610?i=1000495862662

And yes beyond that, people are just sick of the creepy use of data in advertising – as a privacy expert, I’m always asked ‘is my phone listening to me? Phone manufacturers and platform say they don’t listen, because they have enough data points to know what we want, when we want it, but it’s still a creepy feeling and if our data is being used to deny us life opportunities, like a new job or access to a loan, then that gets really sinister. That’s what DeFi blew open, that you can get access to whole new areas of funding. And while not all of us has crypto to stake, we all have our data… We’re now linking up to the places where people can sell their data, like Ocean and Streamr.

Q4 from Telegram Username @Tony253210

Tapmydata helps the users to have control of their personal data, enabling the users to tokenize it. But the cheater or dishonest users always appear, so How do you prevent that an user can pretend to be someone else? In few words How do you prevent the multi-accounts creation?

Gilbert Hill: We already since the early days of the project had people trying to game the system and have developed steps to stop multi account creation, and auto-monitor suspicious activity, but you understand I can’t go into more detail here!

D. | Satoshi Club: Got it! confidential information. 😉

Gilbert Hill: Yes, you never know who is listening – especially when new token sale is happening!

Q5 from Telegram Username @Jonahapagu

Tap implements end to end encryption for requested data and you stated that by default you can also decrypt this data for unregistered organizations but you claim your never do this How can we trust you on this why don’t you disable the ability for you to decrypt this request data are there cases where you will have to decrypt this request data if yes does this not make you a part of the problem you are trying to solve… (Unverified Consent)

Gilbert Hill: The data dialogue takes place between the 2 counterparties, the user (or data subject) and the organization (the Data controller) and they hold the public and private keys. We have no access to the keys and the data is effectively useless to any third party, including ourselves. We don’t want to add to the big problem which exists, so built the whole system to privacy by design principles with input from Dr Ann Cavoukian.

D. | Satoshi Club: Good remark about keys, i think it would build more trust. 👍

Gilbert Hill: This means it took about 40-50% extra planning and dev up front, but is a model for low or zero- data use business models which other projects, Dapps can follow.

Q6 from Telegram Username @yzmoney

“The Tapmydata solution is a framework of tools, ledger and decentralized protocol for people to reclaim their digital identity, crystallize unique, verified elements of consent in an NFT and provide a new, transparent channel for legitimate counterparties to blend data and exchange value.” since Tapmydata is using NFT as identity token, will these NFT be transferable or can they only be minted on the phone and non-transferrable? The app uses facial recognition for onboarding, does it support other biometric feature like fingerprint, voice etc.

Gilbert Hill: Our NFT will be transferable to other marketplaces, to allow your data to be monetised, but it’s always tied to your encrypted identity on the ‘phone. We already support voice recognition and will be expanding to other biometrics next year.

We’ve got a lot of academic and business interest in the protocol and our application of Blockchain Verified Consent.

---

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram User @tuvalunia

I am still not clear about your earning model for users. Can you elaborate on this please?

Gilbert Hill: The app awards TAP tokens for activity which benefits the community, like sharing data or verifying credentials. You can then use these tokens (or buy more) to mint your own Blockchain Verified Consent artefacts. Companies buy these with the ERC20 tokens directly and can use them for marketing, or to purchase our own services.

Data sets from users verified credentials can also be placed on decentralized marketplaces like Ocean and Streamr. We will provide the interface to do this via the app initially, then with the web interface you can manage and license consent to sites which you engage with.

Q2 from Telegram User @BeastSanmao

What is your Short term Goal? And when whitepaper will be published?

Gilbert Hill: TAP token is our currency within the TAP protocol, you earn it and use it to verify and mint NFT tokens enabling you to licence your data. Here is a link to our token distribution https://tapmydata.com/tap-token and we will be publishing further details of our token economics within the next couple of days.

Q3 from Telegram User @zaferce

What will be the short-term and long-term advantages of holding the TAP token for investors, and how important will the TAP token be to your ecosystem?

Gilbert Hill: The TAP token is a utility token – it’s value exists in our protocol, so the value of it short or long term depends on how you wish to use it within our protocol – pay for minting of an NFT, or an independent verification of your data from a licensed third party.

Q4 from Telegram User @BeastSanmao

What is your Short term Goal? And when whitepaper will be published?

Gilbert Hill: Our short and long term goals and white paper info are gathered here: https://docs.tapmydata.com/

Q5 from Telegram User @melanintrish

How can I find out if my personal data has been involved in a data breach?

Gilbert Hill: We have integrated Tapmydata with the HaveIBeenPowned API so if you enter your email, it checks it against known breaches every time you launch the app https://tapmydata.com/new-release-have-i-been-pwned-feature-lets-you-find-out-if-your-email-has-been-compromised/

Q6 from Telegram User @Mohitku1

When Public sale will be available? And from where we can buy token?

Gilbert Hill: Public sale is 14th December – if you download the app you’ll be ready and we’ll keep you informed on our telegram community.

Q7 from Telegram User @Mohitku1

Through whom Tokens in the public sale will be distributed? Kyc is required to be eligible for distribution?

Gilbert Hill: We’re using Balancer for the public sale and the KYC will be required and handled though our app https://balancer.finance/

Q8 from Telegram User @LLeeKuanYew

I find Tapmydata’s vision, solution and mission to be amazing. But that is in theory, and in fact is a different story. For Tapmydata to be as realistic as you say it needs a strong, experienced team. So can you recommend your team (Founders, R&D, Developers, etc…)?

Gilbert Hill: Tap’s team is our strongest asset! We span out of a blockchain agency which built MVPs for projects back in 2017 and this is our first project where we created new IP. For me personally, this is the natural evolution of the journey which started with cookie banners…

We operate on an Agile basis so can react super quickly to new developments and opportunities in a space which changes daily.

Q9 from Telegram User @Shuvo39

Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to $Your platform and keep them long term?

Gilbert Hill: Partnerships are key – we already have rights groups, academics and public bodies interested in our data and building out corporate relationships will be key in 2021.

Q10 from Telegram User @chunhocxitrum

What is data portability?

Gilbert Hill: It is the right in GPDR to get your data from one party and seamlessly transfer to another. Our mission is to make that frictionless.

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PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Tapmydata. A link to a Quiz form were sent into the chat. Participants had 10 minutes to answer. 400$ 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:

Tapmydata: https://t.me/tapmydataofficial

We are pleased to announce our next AMA on November 28th 2020 at 12:00 PM UTC Time: Satoshi Club x BarterTrade

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

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

We will have the following structure:

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

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

Part 3: 300$ – A quiz about BarterTrade

For more details:
BarterTrade – @BarterTradeofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

PART 1. Introduction of BuySell DeFi project and community questions.

Hello, Satoshi clubbers and guests of this site. Glade introduces to you the BuySell DeFi project. The one-stop platform to manage and control your DeFi portfolio.  Within the ecosystem, you can interact with the advanced DeFi products and services. This enables you to do more by simply holding the BSE Token. The AMA took place on 23 November.

The plan of AMA session:

1.  Part – Introduction and preselected questions.
2. Part – Live questions
3.  The Quiz about Buy-Sell project

The reward pool is 1300$.

Leading the AMA our clever and fun admins:

@madamlobster and @GoldRocket27

The Representative of the project: 

Manaforth | Buy-Sell.io – @manaforth

Z Z | Buy-Sell- @zurume

Introduction of a crypto project.

Mary | Satoshi Club:

Hello, Satoshi Club! We are happy to announce our AMA session with  Buy-Sell! welcome @manaforth @zurume to Satoshi Club😀

Gold Rocket | Satoshi Club:

Good evening Satoshi clubbers! We are starting today’s AMA with Buy-Sell. Our guests today are  @manaforth & @zurume. Welcome to Satoshi Club.

Z Z | Buy-Sell:

Thank you.

Mary | Satoshi Club:

Happy to see you here😀

Gold Rocket | Satoshi Club:

Thanks for joining us.

Z Z | Buy-Sell:

I’m glad to be here

Mary | Satoshi Club:

So, we can start?😀 Can you please introduce yourself and tell us more about the Buy-Sell project?😀

Z Z | Buy-Sell:

I’m Zurume, I am the co-founder of Buy-Sell. I’m a blockchain and crypto enthusiast for a long time, trader and analyst. Powerful team members such as manaforth, bamanga_1, that cut across different regions and different fields have come together to present and add more value to the blockchain and DeFi ecosystem.

Gold Rocket | Satoshi Club:

Sounds good!

Serg | Satoshi Club:

Welcome to Satoshi Club

Z Z | Buy-Sell:

Buy-Sell is a DeFi and non-custodial ecosystem that brings services such as aggregated decentralized and synthetic asset swap, governance, staking, farming, lending, borrowing auction, NFT, through a BSE membership mechanism.

BSE is the utility token for the ecosystem whereby BSE holders earn 75% of the fees we charge, while the remaining 25% is used to buyback BSE and burn which automatically increases value by increasing demand. With 3 unique types of staking, BSE holders earn daily or monthly BSE and other assets reward depending on the staking type joined.

DeFi aggregator swap enables people to instantly swap all major erc20 tokens at a very cheap rate from best and competing price and very low gas fee.

Pool staking enables people to earn up to 7% from staking and Unstaking fee, and also share from daily BSE distribution from the 20% of total supply allocated to staking, also, fees earned from exchanges and borrowing are distributed to all pool stackers.

Asset staking simply enables people to permanently stake their BSE and earn UNI up to 300% yield. and this has been working perfectly fine for over a month with interest up 11% weekly

Governance will enable everyone to make proposals and vote on projects and events on Buy-Sell and share from the BSE allocated for this. To participate in this, users need to own BSE.

For NFT’s and Auction, utilizes xBSE, which the farming just got launched about 24 hours ago and it has a powerful yield.

Mary | Satoshi Club:

Congrats on the successful launch👏

Gold Rocket | Satoshi Club:

Congratulations👍

Z Z | Buy-Sell:

Thank you…😊

Mary | Satoshi Club:

Thank you for the intro, you create a powerful ecosystem 👍 and I think we can talk about it in detail while you will answer our community questions 😉 Ready to answer them?🚀

Z Z | Buy-Sell:

Sure, we will do our best to do that…😊

Preselected questions

Gold Rocket | Satoshi Club:

Q1 from Telegram user @balabas4bounty

I have read that you distribute a certain % of the fees to the holders of the BSE token on your pool. Please give us more details about the % and how much shall we stake to be eligible.

Z Z | Buy-Sell:

First of all, this goes to all Pool stackers.

We have allocated 20% of the total supply to staking and this is locked and released on a monthly basis which gets distributed to pool stackers.

— Also, when someone uses our exchange, fees charged are distributed to pool stackers,

— and also other numerous activities.

The minimum stake is 100 BSE and which anyone can purchase BSE directly from our DApp or from Uniswap.

Mary | Satoshi Club:

Can you tell us how many staking pools do you currently have?😀

Z Z | Buy-Sell:

3 days of accumulated pooled staking will be distributed today. I think is a wonderful opportunity for everyone to buy BSE, stake, and take part in this distribution today.

There is what we called “Pooled staking” that’s strictly for staking BSE and getting rewarded from what I mentioned above.

Then we currently have xBSE farming that has 3 pool. BSE-ETH, xBSE-ETH, BSE-xBSE with over 10,000 APY. this is massive, as xBSE will be using a bidding power in our auction that is launching soon.

Mary | Satoshi Club:

Sure 👍

Gold Rocket | Satoshi Club:

Yes! Good chance!

Mary | Satoshi Club:

A lot of opportunities 😀

Z Z | Buy-Sell:

Yes.

Mary | Satoshi Club:

Do you plan to add more pools or you think it’s enough?😀

Z Z | Buy-Sell:

For now, we have just planned for these 3 pools, and give people the opportunity to farm CBSE and get ready for the powerful auction we are launching which utilizes the xBSE.

Mary | Satoshi Club:

Got it👍 to thank you) ready to jump to the second question?

Z Z | Buy-Sell:

Yes.

Gold Rocket | Satoshi Club:

Q2 from Telegram user @mag_crypto

BuySell is an All-in-1 blockchain ecosystem that includes non-custodial exchange, DeFi exchange, staking. There are plenty of exchanges that are doing this. So, besides the cool name, why else would I want to use your services?

Z Z | Buy-Sell:

As we offer 2 unique exchange categories,

1. is specifically for other cryptocurrencies (non-custodial)
2. is for aggregated swaps for erc20 tokens.

So we make sure people get unique and reduced fees, security, and fees we collect are redistributed to BSE pool stackers, and lower gas fee.

Mary | Satoshi Club:

Do aggregated swaps for erc20 already work?

Z Z | Buy-Sell:

Not yet, but our devs are rounding that up. Lots of works surrounding us.😊

Mary | Satoshi Club:

Yes, I see😀 when do you plan it to go live? And can you explain how these swaps will work? Does it mean that I will be able to exchange any erc20 token to another using it?

Z Z | Buy-Sell:

Yes, sure, it searches best rate prices from totle, Uniswap, 0X, Falconswap ad more.

Should be up within a few weeks, Next month.

Mary | Satoshi Club:

Amazing, so we will wait for its launch👏 Ready to go forward to the next question?

Z Z | Buy-Sell:

Yes, sure

Gold Rocket | Satoshi Club:

Q3 from Telegram user @george_benderos

It’s very cool that I can manage all my assets from an ERC address, but I for example have several addresses that I use. Is it (or will it be in the future) possible to connect multiple addresses as well and to have a unified view of all assets from multiple addresses?

Z Z | Buy-Sell:

Yes, of course, we have the feature coming up, if you check our roadmap, we have similar things coming in the future.

Mary | Satoshi Club:

This will be after the erc20 tokens swap launch? Or at the same time?

Z Z | Buy-Sell:

After erc20 swap. After most of our major updates and services, because the hub will incorporate everything we have we usually use zerion to site example.

Mary | Satoshi Club:

Yes, I like zerion😀 got it. Thanks, ready for the fourth question?)

Z Z | Buy-Sell:

HaHaHa… Yeah

Gold Rocket | Satoshi Club:

Q4 from Telegram user @lissabeth

In the staking dashboard section of your platform, there is a timer with the text “time to the next reward”. Can you tell us what reward does this timer refers to and how big are they?

Z Z | Buy-Sell:

Sure, proceed. This timer is in both pool and asset staking. Is the timer that indicates when the next reward will be distributed.

The reward depends on so many factors;

1. when there are stake and unstake, a total of 7% is distributed proportionately to those in the pool
2. Also, the staking allocations and fees distributed are also other factors.

So the system checks what comes in based on the activities, and redistributes it to everyone when the timer ends the next day.

Mary | Satoshi Club:

Btw, can we claim rewards anytime or at the end of staking?

Z Z | Buy-Sell:

It can be claimed anytime.

Mary | Satoshi Club:

If they are not claimed are they adding automatically to the staking pool?

Z Z | Buy-Sell:

It will be there until the user claimed it to his or her wallet.

Mary | Satoshi Club:

Thanks,😀 ready for the next question?

Z Z | Buy-Sell:

For pooled staking, there is a “Sell Stake” button, for asset staking, there is a “Withdraw button”

Mary | Satoshi Club:

Ah, understand 😀 as usually, you need to try first to understand how it works😀

Z Z | Buy-Sell:

Yes, you are right…😊

Mary | Satoshi Club:

I like to try everything new) ready to jump to the next question?)

Z Z | Buy-Sell:

yes

Gold Rocket | Satoshi Club:

Q5 from Telegram user @occupyingmars

What would be the utility of the token besides staking it in the pool and getting a fraction from the exchange fees? would there be any governance as well?

Z Z | Buy-Sell:

It will be used in the governance, holders of BSE will be able to vote on projects and make proposals, and at the end, there will be a BSE reward distribution.

Mary | Satoshi Club:

And we will have the second live part soon😀 Which kind of proposals they will be able to make?

Z Z | Buy-Sell:

It will be related to Buy-Sell development and service suggestions and updates, all will be surrounded by Buy-Sell dApp.

Mary | Satoshi Club:

So, if, for example, a BSE holder will vote/make some proposal he will be rewarded with BSE? For both – voting and proposals?

Z Z | Buy-Sell:

Yes, according to what is allocated.

Mary | Satoshi Club:

Nice, so, hold and participation in governance will be profitable 😀

Z Z | Buy-Sell:

Excellent

Mary | Satoshi Club:

Ready for the 6th question from this part? Also, we will have 6 more questions which will be answered in the article after this AMA session 😀

Z Z | Buy-Sell:

Yes.

Gold Rocket | Satoshi Club:

Q6 from Telegram user @fabricino

I tried to locate your whitepaper to take a closer look at the tokenomics, but couldn’t find it. Can you tell us when do you plan to launch the whitepaper? And if you’re not planning to, please explain why, because this is not something that I see often. Thank you.

Mary | Satoshi Club:

And we will have the second live part soon😀

Z Z | Buy-Sell:

Of course, we will release the whitepaper soon, we wanted to capture exactly what we are building and their modalities. As for tokenomics, we have a medium article where it’s been outlined.

Gold Rocket | Satoshi Club:

Can you share a link to this article for our community?

Z Z | Buy-Sell:

Ok, can’t let me share the link.

Mary | Satoshi Club:

Sorry

Z Z | Buy-Sell:

https://buysell-network.medium.com/the-tokenomics-a444dbde1919

That’s the link for tokenomics.

Gold Rocket | Satoshi Club:

You can also share useful links for our community before opening the chat, Thanks!👍

Mary | Satoshi Club:

Ok, thanks. Can you tell us when the approximately White paper will be launched?

Z Z | Buy-Sell:

https://buy-sell.io/

Mary | Satoshi Club:

Yes, I like your site, sure, when all features will be launched it will be ideal 👍😀 And now it also looks great, good job😀

Z Z | Buy-Sell:

Thank you. What we have coming soon will be huge for every BSE holders. Thanks a lot.

Mary | Satoshi Club:

Yes, they should be happy people. And, btw, where we can get BSE tokens now? Uniswap and your swap exchange?

Z Z | Buy-Sell:

Yes Uniswap, and also within Buy-Sell dApp under swap BSE

Mary | Satoshi Club:

Thank you👍

Gold Rocket | Satoshi Club:

So, what is the difference between the token xBSE and BSE?

Z Z | Buy-Sell:

Xbse is token your farm by providing LP which will be USD for bidding in the auction and NFT trade

Mary | Satoshi Club:

NFTs, sweet hot topic😂

Z Z | Buy-Sell:

https://app.uniswap.org/#/swap?inputCurrency=0xa30189d8255322a2f8b2a77906b000aeb005570c&outputCurrency=ETH this is Uniswap Link

Gold Rocket | Satoshi Club:

Thanks! And that’s all in the first part. the chat will now be open. and you will have to choose 15 questions and answer them.

Mary | Satoshi Club:

You caught all tendencies 😀

Z Z | Buy-Sell:

Yes, will come after we launch the auction.

Mary | Satoshi Club:

Patiently waiting for it😀 And are you ready now for the live questions from our community?

Z Z | Buy-Sell:

Sure.

Mary | Satoshi Club:

Let’s go 🚀

PART 2.Questions about BuySell project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 100 seconds. Then the guests from the crypto project choose the top 15 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @eeaq15

Do you have partners like LIQUIDITY DIVIDENDS PROTOCOL, DEX TOOLS, TOTLE, O TRANSAK, do you have any other project in mind as a partner in the future?

Manaforth | Buy-Sell.io:

Yes, we have a partnership with the above-mentioned and also be adding more partners like simplex, go block, and more.

Q – 2 from a telegram user  @melanintrish

What are the economic incentives for been an active holder of BSE Token?

Manaforth | Buy-Sell.io:

For the active holders of BSEtoken, if it’s been staked on liquidity pool, you will share from the daily BSE distribution, also from fees we charge from our services and distribute to holders.

Q – 3 from a telegram user @Beterror203

Can I make a compound balance with this staking system without having to withdraw the token daily?

Manaforth | Buy-Sell.io:

No, we don’t have a compound yet. Any reward you get, you simply withdraw.

Q – 4 from a telegram user @KelierTG

When will the Buy-Sell mobile application be officially launched? Are you all set? What’s next for us?

Manaforth | Buy-Sell.io:

According to our roadmap, that will be early next year.

Q – 5 from a telegram user @araceley

Buy-Sell introduces the Pooled, Classic, and Assets stakings, can you tell us the difference between these three and which one offers more rewards?

Manaforth | Buy-Sell.io:

Pool staking enables you to earn when someone stakes and stakes and also from the fees we charge

Asset staking enables you to permanently stake your BSE and earn UNI tokens up to 300 APY.

Q – 6 from a telegram user @A5loveZ3

Can you tell us what in #Classic_Staking how its work in Buy_Sell_Network?

Manaforth | Buy-Sell.io:

This actually means to stake BSE and farm xBSE which we already discussed so you can provide LP for 3 pairs BSE-ETH, XBSE-BSE, xBSE-ETH and farm xBSE

Q – 7 from a telegram user  @notulu

What is your next step? Listing on other exchanges or other activities?

Manaforth | Buy-Sell.io:

Listing on other exchanges is on the way as we have started the process.

Q – 8 from a telegram user @AmirJosh

Swap BSE is already operational. What other tokens we can swap? Or Is it only BSE token for now?

Manaforth | Buy-Sell.io:

For now, is the only BSE, others will be added soon.

Q – 9 from a telegram user  @ontortk

The high gas fee is a great problem. Did you guys found any solution for this as you built on the Ethereum blockchain? Or do you have a plan to move on to another blockchain?

Manaforth | Buy-Sell.io:

With Gaston. This makes low gas fee very possible.

Q – 10 from a telegram user  @leixagarcia

Will Buy-Sell transactions be available through the TRON network (TRC 20)?

Manaforth | Buy-Sell.io:

For now, no. As we continue to progress, we will see if this is going to happen. Definitely, we will make an announcement about it.

Q – 11 from a telegram user  @Rebel99

According to your Medium post, one of the perks of trading through the buy-sell exchange is that you instantly get back $BSE upon trade completion. Where does this $BSE come from and is there a limit to the amount of $BSE that one can claim?

Manaforth | Buy-Sell.io: 

The fees we charge are used to buy back BSEand distributes this BSEto pooled stakers.

Q – 12 from a telegram user @Jonahapagu

I see that your decision-making process and Community Governance will be done through “Govblocks”…Govblocks is quite new to me… can you explain how your governance process through “Govblocks” will work..and why you decided to use the Govblocks platform for Your Governance.

Manaforth | Buy-Sell.io:

Govblock is really a wonderful platform to integrate with, as it provides everything we need in DAO.

Q – 13 from a telegram user @BERTA2020

What is the % that I can receive when entering your staking system? The % I can get can vary by the amount of your BSE tokens or does it have a fixed %?

Manaforth | Buy-Sell.io:

It varies base on the no. Of BSE you hold. For asset staking is up to 300% yield.

Q – 14 from a telegram user @yosoyelimar

Are you planning to enable new services for Buy-Sell in the future?

Manaforth | Buy-Sell.io:

Yes, if you visit our roadmap, you will see the wonderful features we have coming soon.

Q – 15 from a telegram user @KelierTG

During your explanation of how Buy Sell DeFi Exchange works you mentioned that “Is connected to top decentralized exchanges and synthetic asset providers” This means that it works through intermediaries? How does this affect commissions?

Manaforth | Buy-Sell.io:

There are fees when using intermediaries, whatever we charge as fees go to pool stackers.

Part 3 – Quiz about InvestroFund DeFi project

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. Participants had 10 minutes to answer. 900$ was distributed between the winners.

Questions and Right answers:

1. Which one of this does not utilize BSE token

A. Staking
B. Exchange
C. Lend and Borrow
D. Auction
*Correct answer D

2. Which one of these is not part of Buy-Sell products and services?

A. Staking
B. Exchange
C. Gaming
D. Lend and Borrowing
*Correct answer C

3. What is the total supply of BSE?

A. 300,000
B. 100,000
C. 10,000,000
D. 10,000
*Correct answer B

4. What are the nain core utility of xBSE
A. Auction and NFT
B. Auction and Staking
C. NFT and Lending
D. Exchange and Lending
*Correct answer is A.

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