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Satoshi Club x Tezos AMA Recap from June 16

Posted on June 17, 2020June 19, 2020 by

On June 16, while the world tries to recover from the pandemic situation, Satoshi Club Community is growing more and more. Our friends from Tezos team were invited to conduct an AMA session with us. The guests were @wbm_97 and @ajustice8.

Rewards: $1500 Prize pool was split in three parts.

In this AMA Recap we are trying to summarize some of the most interesting points for you.

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Serg | Satoshi Club: Dear community, today we will have an AMA with one of the best crypto projects: Tezos – number 12 on CMC at the moment. @wbm_97 will be our guest today. Welcome!

Irina Kravchuk | SatoshiClub: Hi William, nice to meet you 🙂

William McKenzie: Thank you, glad to be here!

Serg | Satoshi Club: Please tell us a bit about yourself :). @ajustice8 will join us as well 🙂

AJ: Thanks for having me Serg. While William is writing a novel, I’ll just intro myself. I’m a community director for Tezos Commons, a nonprofit organization focused on building the Tezos ecosystem. You can check out our website at: tezoscommons.org

Tezos Commons supports the ideas, individuals and organizations dedicated to building the digital commonwealth. We empower the community to be the architects through bootstrapping local communities, communications, promotion, education, funding open source initiatives and advocacy.

William McKenzie: Well, I’m apart of Tezos Commons. I’m the community manager. I’ve been involved in the blockchain space for quite some time. At Tezos Commons, we focus on growing the Tezos community through a number of community focused events (such as this haha) and educating the general public on Tezos.

Irina Kravchuk | SatoshiClub: Hi @ajustice8, nice to meet you. Can you tell how many entities are there in the Tezos project in general? Because I was thinking about that also, it’s a bit unclear. Is there a company and a foundation?

AJ: So let me clear up the misconception of a company and a foundation for Tezos.

Tezos is a permissionless, decentralized blockchain protocol or rather just the technology. There are organizations within the Tezos ecosystem that build on the protocol, support community initiatives, build tools, and fund projects. So there are quite a few organizations around it. For example, Tezos Foundation, TQ Tezos, Tezos Commons, Nomadic Labs, Metastate, just to name a few.

Serg | Satoshi Club: Thank you for this introductions 🙂 We have collected questions from the community. Shall we start?

William McKenzie: Let’s start!

AJ: Indeed, let’s get the ball rolling.

Q1 from Telegram user @kbender

How is Tezos project generating profits and how does it sustain itself?

AJ: So as mention above, Tezos is just a decentralized blockchain protocol, its goal isn’t to generate profits but rather be a base layer of a powerful technology so organizations and companies can build and adopt on top of it. There are examples of organizations on top of it that are generating profits, for example a baker (staker) can set up a node and have token holders delegate to them and they take a percentage of the rewards.

The second part of the question on how Tezos sustains itself is a great question, Tezos has a built in funding mechanism for developers, called inflation funding. A developer can propose an upgrade to the Tezos protocol and attach an invoice. Once it successfully gets voted on by token holders and is implemented, the chain will mint those tokens and pay the developer. This mean Tezos is built to evolve over time with the newest technology as the code base is modular. Tezos can upgrade and evolve at a rapid pace.

Q2 from Telegram user @bitcoinistic

Could you share with us what are the main usages of the XTZ token?

William McKenzie: So, as @ajustice8 touched on, Tezos is a decentralized, permission-less, self-amending cryptographic ledger. Anyone can build on top of the protocol.

Furthermore, any new tech/features that arise can be ported onto the protocol through a formal means decided upon by token holder voting. This is one function of XTZ. There are also some exciting projects that aim to make use of XTZ, such as Emergents, a DCCG being built on Tezos, and also STO’s. There’s been numerous STO deals announced, predominantly in the real estate sector. I’d encourage you to read through this post for further information: https://link.medium.com/MyFbYpmPm7.

Serg | Satoshi Club: What about the funds collected in the public sale? Are they used for this initiatives?

AJ: Absolutely, the funds collected are held in custody with Tezos Foundation. They are a charted Swiss nonprofit with its only purpose to advance to the Tezos ecosystem so they distribute funds via grants to contributors and builders.

Indeed, and they are transparent with their bi annual reports of the funds: https://tezos.foundation/reports/, that is audited by the big 4 accounting firm PWC.

Q3 from Telegram user @pandasbitcoins

Tezos had a rough start, with many people criticizing the lack of news and progress. Why did you have this period of poor communication?

AJ: So Tezos indeed had a rough start, as it was one of the largest fundraisers for the blockchain project. The Tezos Foundation had to shake up their board of directors which upheld communication, however, the community and development was still going strong during this time. There were weekly development updates from the founder of the project while the Tezos Foundation was sorting out its board of directors. The amazing thing about it is, that Tezos launched its betanet, restructured the board and has been running like a well-oiled machine since the launch. The other great aspect is that the community banded together and helped launch the project as well.

Irina Kravchuk | SatoshiClub: Everything worked out quite well after the betanet launch😊.

Serg | Satoshi Club: I was an investor in the Tezos public sale. To be honest, I was skeptical that the project will succeed. I am glad now everything is going well :).

AJ: I wouldn’t blame you, it was a tough period that tested the Community’s will. But diamonds are forged through tension, stress, and pressure :).

Q4 from Telegram user @bitalik_vuterin

Name 3 most important concurrents that Tezos has at the moment.

William McKenzie: So, I will say there’s many focuses currently within the Tezos ecosystem and these range from several sectors – from digital securities, payments, CBDC’s, DeFi, and more just to name a few. I would say some of the most exciting developments at the moment, I touched on in my response to @bitcoinistic’s question.

In terms of competition though, I think the blockchain space is still nascent and the technology is all very new. So, it will take some time to see what works and what does not.

AJ: 3 exciting concurrents for me:

STOS – there will be over 1 billion dollars’ worth of real estate tokenizing on Tezos

Governance – Tezos is decentralized with over 450 bakers and have successfully upgraded the protocol 3 times

Adoption: The French cybercrime unit is using Tezos to validate expenses, Universities are using Tezos for voting, etc.

Irina Kravchuk | SatoshiClub: What about external competition?

AJ: in regards to competition, I think Ethereum and Cardano are interesting competitors.

Serg | Satoshi Club: Can you tell more about the French cybercrime using Tezos?

AJ: You can read more about it here: https://cointelegraph.com/news/french-cybercrime-division-uses-smart-contacts-on-tezos-blockchain.

Q5 from Telegram user @cryptocivilizations

What is the role of Tezos grant funding and what projects can participate in it?

AJ: So as you know, the fundraiser initially consisted of 250 million dollars which is held custody by Tezos Foundation, a nonprofit foundation located in Switzerland. This nonprofit has a charter which means the funds are legally only to be used on advancing the Tezos ecosystem. Tezos Foundation has a grant process that issues an RFP each quarter people and projects to apply for. The projects vary from technology platforms, business development, development, tooling, marketing, community initiatives. A great resource of the entire grant process and application can be found here: https://tezos.foundation/grants/.

I believe the last bi-annual report stated that Tezos Foundation now has 600 million in custody from BTC price rising so that means there is even more funds since the fundraiser to grow the Tezos ecosystem

William McKenzie: That’s correct, for anyone curious to see this report, they can view it here – https://tezos.foundation/wp-content/uploads/2020/03/tezos-foundation-biannual-update-march-2020.pdf.

Irina Kravchuk | SatoshiClub: How many applicants did you have until now?

AJ: There have been hundreds of applicants, I can’t verify the number in approximate measures as Tezos Foundation has those numbers but there tons of cool applications to build the Tezos ecosystem.

Serg | Satoshi Club: In 2 minutes we will open the chat for the live questions from the community :).

………………………………………………

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 2 minutes and a lot of questions were posted by the Satoshi Club community. Our guests chose five of them.

Q1 from Telegram User @Knarf7003

How Secure is the Tezos Smart Contract?

AJ: Great question, Tezos Smart Contracts has built in formal verification due to the language oCaml. In other words, the smart contract can detect any bugs before being live. This enables confidence when executing a large value smart contract and why a lot of institutions prefer Tezos.

Q2 from Telegram User @jpsarmah

Your website reads, ”Secure. Upgradable. Built to last.” Can you explain how Tezos as an open-source platform achieves this and how is Tezos a self-amending cryptographic ledger?

William McKenzie: First off, when the term “self-amending cryptographic ledger” is used – it encompasses Tezos’ on-chain governance process. Through this formal process, which token holders have a say in, new tech/features can be ported onto the protocol and as @ajustice8 described previously – be rewarded.

That process works as follows:

A dev team injects the hash of a tarball file into the protocol as a proposal with an invoice attached. That proposal undergoes 4 phases, where upon approval of each phase it results in activation – and the subsequent minting of new XTZ to fulfill that invoice attached.

Q3 from Telegram User @Lady_luck2

Tezos uses the Liquid Proof-of-Stake algorithm (LPOS) a combination between the classic PoS and its counterpart the delegated PoS. What advantages does this combined system bring to the platform?

AJ: The amazing thing about LPOS is that your tokens are always liquid when staking, that means when you delegate your tokens to a validator, you always own your tokens and can move them in and out without any lock up period. This also plays a key factor in governance, your token is a vote, so when you delegate to a staker, then you are delegating your voting rights to that staker. Let’s say for example a proposal has been submitted and your baker is going to vote on it and you don’t agree with their stance. You can instantly change bakers that does agree with your point.

Read more about it here: https://medium.com/tezos/liquid-proof-of-stake-aec2f7ef1da7.

Q4 from Telegram User @alice_wonderland12

What is the minimum amount of XTZ required to be a stakeholder, and which other requirements are needed? What would be my reward program as a stakeholder?

William McKenzie: So, there are numerous tutorials out on how to get started on baking – both video and written. I’d recommend reading through this before you even start – https://medium.com/tezos/its-a-baker-s-life-for-me-c214971201e1.

In terms of how much XTZ you need to be a baker, you can delegate to a baker for a minimal amount ~100 XTZ. But, to bake on your own you’ll need a roll (atm = 8,000 XTZ). In RE: to expected returns, it’s about ~6% currently.

Q5 from Telegram User @Misun1

What business scenarios can XTZ support now? In which industries can we see the mass adoption of XTZ technology in the near future?

AJ: Right now Tezos is leading asset tokenization, there will be over $1 billion dollars of real estate tokenizing on Tezos through various organizations and banks. These organizations prefer Tezos because of its ability to evolve over time with a sophisticated governance mechanism and because of formal verification built into smart contracts.

Here’s a cool sizzler video on STOs https://www.youtube.com/watch?v=225nO6HPwF0.

William McKenzie: To add onto this, that number is actually closer to $3B plus with a lot of momentum in the real estate sector.

Serg | Satoshi Club: We have the 5 winners 🙂 Congrats for the good questions and thank you for taking the time to be here with us today!

AJ: Thanks Serg! that was fun.

William McKenzie: If you’d like to learn more about this, we did a deep dive on TezTalks.

You can check that here – https://youtu.be/dNik0CPsl1o.

Irina Kravchuk | SatoshiClub: Thank you for your time and great answers.

William McKenzie: So, we’d like to thank everyone for participating in this and asking all these great questions. You can find more information about Tezos Commons and Tezos through these links – https://tezoscommons.org, https://tezos.com.

AJ: Thanks everyone for having us, that was a blast and really enjoyed talking to your community. We also like to engage with a ton of community engagement, we host regular virtual events online and a podcast:

Check us out at: https://www.youtube.com/c/tezoscommons.

And our medium site: https://medium.com/tezoscommons.

………………………………………………

PART 3, QUIZ AND INFO

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

17 users with correct answers were rewarded.

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/

Our Partners:

Tezos Telegram Group:https://t.me/tezosplatform

SATOSHI CLUB x EVEDO AMA Recap from June 13

Posted on June 14, 2020June 14, 2020 by satoshi-club

On June 13th Evedo conducted an AMA in Satoshi Club Community. Let’s take a look at the most interesting points from the conversation.

Part 1 — introduction and questions collected on our platform

Irina Kravchuk | Satoshi Club: Hi Stoyan Angelov. Nice to e-meet you. Glad to have you as our guest.

Стоян EVEDO: Thank you for the invitation to do quiz and AMA in your great community! Thank you all for participating.

Serg | Satoshi Club: We are glad to have you here 🙂 Please tell us a liitle bit about yourself 🙂 And a small introduction for Evedo?

Стоян EVEDO: I am the Foudner and CEO of Evedo. I’ve been involved in the event and entertainment industry for more than 10 years and also in the startup and tech scene. That is how the idea for Evedo came alive.

Irina Kravchuk | Satoshi Club: Nice. Can you tell us what is your background? How did you come to be involved in the blockchain field.

Стоян EVEDO: We are building B2B and B2C Ticketing platfrorm for the event business and our mission is to bring the innovative technologies like blockchain. Also to bring the transparency and security in the industry!

Irina Kravchuk | Satoshi Club: Why does this field need blockchain? How does blockchain help?

Стоян EVEDO: For more than 10 years i was involved as co-founder and adviser in a lot of technology projects. 3 years ago I was involved in the blockchain project www.locktrip.com and that is how i realize the huge potential of the blockchain technologies. There are a lot of problems in the industry now caused by lack of trust and transparency, tickets fraud etc. Using the smart contracts functionalities the industry could work better and more secure. We are going to implement Evedo in our platform soon and will help the event organizers, performers, venues, promoters, rental companies to work faster and more secure.

Serg | Satoshi Club: Interesting. I didn’t know about the issues in this industries.

Стоян EVEDO: Yes. It is huge problem and now with COVID it is crazy how all the offline events was cancelled or postponed. This lead to total mess with refunds of tickets and people need to wait 30+ days to receive back their money. With a simple smart contract this problem could be eliminated

Irina Kravchuk | Satoshi Club: Will we be able to check our tickets on the blockchain?

Стоян EVEDO: Yes. Tokenizing the tickets is the future of this business 🤞

Q1 from @Eraybukucu
The Event management industry is a multi billion dollar industry with lots of well established players, now why do you need blockchain and what’s your recipe for success in this highly congested crypto space and your business mode?

Стоян EVEDO: Actually I partially answered this question. Very important for the industry is to innovate. The habits of the people are changing a lot last decade. Implementing the blockchain in the B2C marketplace and tokenizing the tickets is the future of the ticketing business. Using the smart contract and scroll functionalities of the tokens is the key to secure both parts ( event organizer and attendee ).
In our B2B Marketplace will be possible to book a DJ or venue or to find partners to organize your next event … all the conditions will be locked in a smart contract and this will guarantee that any involved business will do their job.

Serg | Satoshi Club: In this way you can prevent such events where some “businessmen”are buying lots of tickets and selling them with x5 price?
Right?

Стоян EVEDO: Exactly. This is the other problem that we are solving. The black market of event tickets will be stopped.

Irina Kravchuk | Satoshi Club: How will it guarantee it? Similar to an escrow?

Стоян EVEDO: Escrow is when the value is locked for certain period of time. Imagine that you are booking a DJ and you pay him. The funds are locked in scroll between you and the DJ. Once the job is done – he received the funds.

Serg | Satoshi Club: Can you tell us how? I am trying to imagine this solution and I can’t. To prevent the black market of the tickets?

Стоян EVEDO: For sure there is a human element that could not be 100% prevented. There will be always events that the demand is huge and we can not stop someone to buy 1 ticket and to sell it on a different price. Having a digital record for every ticket will show all the information for the tickets and the owners. if there is someone who buy let’s say 100 tickets for the event that means that maybe something is wrong. It will be up to the organizer to stop these sales and to prevent speculations.

Serg | Satoshi Club: Thanks for the explanation 🙂

Q2 from @MsHuong206
What is your strategy to marketing and for Mass Adoption? What message do you want to send to community through AMA today?

Стоян EVEDO: Yes. Thank you for this question! We started our fully functional ticket sales platform few months ago. We already execute 200+ events and work with more than 300 event organizers. Our plan for expansion is with local industry partners, also affiliate program to onboard businesses in our platforms. Also we are signing key partnerships with industry partners like Drooble, Techsoup and many more organizations. This key partnerships leads to a lot of new organizers and businesses onboarded. In 2 year plan we plan to grow mostly organically and sustainable. We have all the announcements and news in our Medium channel – feel free to check all the news there 🙂 https://medium.com/evedo

Serg | Satoshi Club: Nice. We can post our AMA events there as well? Do you have audience looking for crypto events?

Стоян EVEDO: Yes. We have crypto audience. You as organizer of AMA and QUIZ events are more than welcome to use the platform. I am happy that we already have your first event in our system: https://tickets.evedo.co/events/competitions/satoshi-club-ama-with-stoyan-angelov-evedo/146/

Q3 from @ashwini_Crypto
In this Time of Pandemic, People have to move all thier Events online & They need a Friendly & Useful platform for this, isn’t it?
Do you think the Growth of Evedo Will Increase in these times ?

Стоян EVEDO: This is a really great question. Now because of COVID 100 % of the offline events are affected. Most of the event organizers start organizing virtual conferences, workshops, concerts etc. This gives a huge opportunity for innovative companies like us to catch this wave and grow. Our team react immediately after the pandemic and we focus all our resources helping organizers with their online events. Here you can check our product for online events: https://evedo.co/webinars . We also build a MVP of our own webinar platform that is functional and everybody can use now for video calls: http://webinar.evedo.co/ ( based on open source software ). We want to provide full solution to the online event organizers – creating event, doing RSVP & selling tickets and hosting their online events.

Irina Kravchuk | Satoshi Club: Great attitude. Finding opportunities in every hardship.

Serg | Satoshi Club: A lot of interesting things. When did you start Evedo btw?

Стоян EVEDO: We started the company in April 2018. A little more than 2 years.

Irina Kravchuk | Satoshi Club: What’s rsvp?

Стоян EVEDO: RSVP is used from event organizers as symbol for building your list with guests. WIKI: RSVP is an initialism derived from the French phrase Répondez s’il vous plaît,[1] meaning “Please respond” to require confirmation of an invitation.

Irina Kravchuk | Satoshi Club: Learned something new.

Q4 from our Bulgarian friend: @dani_unss
What are the advantages of Evedo compared to other alternatives in the market?

Стоян EVEDO: There are a lot of competitors in the market. Ticketing companies like Eventbrite and Ticketmaster , gig platforms like GetGiggio , A lot of platforms connecting venues and event organizers, rental companies and event organizers … there are also other great projects for ticketing in the blockcghain sphere like Eventchain and Gutstickets. We are different because of the approach that we have and building not only the ticketing platform but also B2B platform.

Irina Kravchuk | Satoshi Club: How is the b2b different? The platform I mean?

Стоян EVEDO: It is the first platform worldwide that tries to connect all the participants involved in the event organizing. We bring on one place event organizers, promoters, any kind of performers, rental companies, brands and any other business involved in the industry.
We already have the ALPHA of the B2B and you can check it out here: https://alpha.evedo.co/ It is still on early stage and a lot of updates will be released soon but already can explore entertainers, venues and event organizers.

Irina Kravchuk | Satoshi Club: Thank you for the explanation. That sounds like a really important aspect.

Q5 from the user @King_Raja
What if the Event is Cancelled due to Some Reason after Sechduling it,
Any kind of Refund is Possible?

Стоян EVEDO: A very good question that is linked to the first one. This is how the smart contract will be used for the tickets. If for some reason the event is cancelled the smart contract will trigger immediate refund and this will solve huge problem that the industry experience nowadays. In Eventbrite you as ticket buyer needed to wait for more than 30 days to receive refund for the cancelled events during the pandemic which is insane stress for all the involved parties.

Irina Kravchuk | Satoshi Club: And the payments? In what currency will it be possible to make them?

Стоян EVEDO: The payments will be executed with FIAT, major cryptocurrencies and EVED. It will be up to the organizer to choose how to collect the payments.

Irina Kravchuk | Satoshi Club: EVED is you token as I understand?
Could you share what other functionalities does it have?

Стоян EVEDO: Yes EVED is our token that is already released and we are going to use it for the blockchain implementation in the B2B and B2C marketplaces. https://coinmarketcap.com/currencies/evedo/ The token also will be used for executing performance marketing campaigns in our platform ( to boos your event and more people to join your events ). Also for any kind of B2B and B2C premium functionalities and subscriptions. There are a lot of details about this in our Whitepaper: https://evedo.co/docs/whitepaper.pdf

Irina Kravchuk | Satoshi Club: Solid usefulness. Great work

PART 2, TELEGRAM COMMUNITY QUESTIONS

Telegram User:

Evedo announced entering into a partnership with TECHSOUP, can you describe to us how EVEDO will be able to contribute in this partnership to help NGO sector on a global scale with the optimization of their events?

Стоян EVEDO: Techsoup is a global organization that connects software producs like ZOOM, Windows and many more with NGOs around the world. We are doing pilot partnership with their Bulgarian chapter and in the near future we will be linked also in the global platform. Every NGO is potential clients of Evedo because they are organizing online and offline events. Partnerships like these are key for our platform adoption. You can read more about the partnership here: https://medium.com/evedo/evedo-partners-up-with-techsoup-to-support-ngos-all-over-the-world-45293e01c718

Telegram User:

Guess I’m a event organizer and I do numbers of events.
How EVEDO makes the ticketing solution more easy for me? How it handles the supply & demand both sustainable?

Стоян EVEDO: You have your own profile and event organizer dashboard. You as event organizer can create your event and to manage every aspect of the ticket sales. You can customize and see real time progress of the event and to activate and deactivate your tickets. Other great functionalities are the event insights for the people viewed the event, customizable coupon codes, embed tickets in other websites etc. In this short video you can see how the platform really works: https://www.youtube.com/watch?v=e07-51BBmGM&list=PL28BaRfUIccHVcAaZ3sB8-kIErUejMPNQ&index=3

Telegram User:

What are some of the major achievements that the Evedo project has achieved and what milestones are planned in the upcoming months/years?

Стоян EVEDO: For the last 2 years of hard working with the team we manage to launch our 2 marketplaces. Our B2C ticket sales platform is LIVE and working ( https://www.evedo.co/tickets ) and our B2B platform as ALPHA ( https://alpha.evedo.co/ ) Also MVP of our webinar solution: http://webinar.evedo.co/ Now we are onboarding event organizers and industry businesses from around the globe. We also have our token launched and we are developing the token step by step ( https://coinmarketcap.com/currencies/evedo/ ).
It is really important to mention here that we are also building the infrastructure to develop the health of the EVED token, listing the token in new exchanges and planning to list in more exchanges for the next 1 year. Check our updated roadmap here: https://www.evedo.co/#roadmap. Apart from the products themselves we’ve raised capital from different investors, became part of the Master Ventures accelerator program, did a successful IEO last year and our token has been listed on 4 platforms. so far and we have open communication about. We’ve gathered an amazing advisory board with 6 key advisors and over 10 more that help us with the decisions and execution of the products. They range from key figures in the event industry and entertainment business, investors and tech entrepreneurs etc.

Telegram User:

Currently , There are Lots of Centralised Event Booking Platforms Like EventPro , Venue booking Platform ? Why should people Prefer using Your Platform over these & What benefit will they get?

Стоян EVEDO: The market is really huge and there is a space for more quality platforms to get market share. Our approach to the market is really different and we are providing unique value to the event organizing being a kind of one-stop-shop for the industry. Trying to give more and more value helping the organizers easily to manage and connect with relevant companies and partners is crucial for us. On the top of this providing a ticket sales solution make us different from all the other companies in the market.

Telegram User:

First, i want to thanks to the team and congrat all for the project and the efforts made until here on this project. I believe a lot in this project.
For me, the best project on the space.
I had my own research about blockchain projects and i found EVEDO this year (i’m new on the space, about 10 months). After doing my research i have no doubt that EVEDO its one of the best, if not the best project i had found in the space. So, i’m very glad to join this AMA. My question is:
Which specific about technology and strategy of EVEDO that make you believe it will be successful and what does EVEDO plan do to attract more users in the upcoming time?

Стоян EVEDO: Thank you Harsha for the support and the great question! There are 3 main factors that makes us believe that our project will be able to change the industry in the next 10 years. First and most important for every startup is the great and experienced team and advisory board behind the project, also the great community of supporters that we are growing around the venture. Second is the market validation – the industry needs solutions like ours because nowadays most of the events are organized on old school way. The COVID 19 global situation showed to everybody that they need to innovate. Here we are coming with our concepts, products and knowledge. Third we are building a growing community of strategic partners that is valuable for us and helps us to build organically our client base.

Part 3 — Conclusion and Quiz Resuls

Стоян EVEDO: There are so many great questions! Thank you all for doing your research and asking these relevant questions! Really great experience and feedback for us that will definitely help us to be even better on what we do! Again thank you and would love to see all the people interested in our project also in our Telegram community https://t.me/evedoco

Irina Kravchuk | Satoshi Club: Thank you Stoyan Angelov.
Thanks for your time and questions. Good luck and keep doing a great work.

Стоян EVEDO: Thank you again for the opportunity to share our project here! Your community is really AWESOME!

Ciprian Ciubotaru | Satoshi Club:
The correct answers for quiz are:

When Evedo executed their IEO and token generation event?
a) April 2019 ( correct )
How many events were executed through the Evedo Ticket Sales platform last 3 months
c) 200 – 250 events ( correct )
What is the TOTAL and MAX supply of EVED token?
b) 17 756 590 EVED ( correct )
How many performers are registered so far in the B2B platform of Evedo ( djs, singers, dancers, entertainers ) a) 540 ( correct )

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:

Evedo Telegram community: https://t.me/evedoco

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Posted on June 13, 2020June 13, 2020 by satoshi-club

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Satoshi Club x EOS AMA Recap from June 8

Posted on June 13, 2020August 2, 2020 by

On June 8 one of the best AMAs took place in our Satoshi Club group. Over the course of almost 2 hours, our EOS Nation friends shared as much information with our community as possible. Our guest was Yves La Rose -CEO-. It was a very pleasant time, we met about one of the most recognized crypto projects of the moment.

In this AMA Recap we are trying to summarize some of the most interesting points for you.

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Serg | Satoshi Club: Dear community, today we will have an AMA with one of the best crypto projects: EOS – number 9 on CMC at the moment. @YvesLaRose is the CEO of EOS nation and will be our guest today. Welcome!

Irina Kravchuk | SatoshiClub: Hi@YvesLaRose, nice to meet you.

Yves La Rose – EOS Nation: Hi! Nice to meet everyone here, thank you for the invitation.

Serg | Satoshi Club: We are glad to have you here 🙂 Please tell us a bit about yourself 🙂

Yves La Rose – EOS Nation: I am Yves La Rose, co-founder and CEO of EOS Nation. EOS Nation is a Block Producer on the EOS Mainnet, currently ranked 1st globally.

EOS Nation was founded by seven self-funded individuals located across North America. We consistently contribute time and resources across the entire EOS ecosystem, while demonstrating our commitment and technical ability by providing reliable infrastructure and spreading worldwide awareness and education. We have been active since well before the Mainnet launch and have grown a network of communities around the globe lead by over 15 local EOS Nation Ambassadors, each linked together under the common vision of spreading EOS adoption through education.

Myself, I began my journey into computers at a very young age, building my first computer at 6 years old and programming my first game at the age of 7. I has always had a deep ideological relationship with computers and their role in decentralization and so I began my university studies in software engineering, but quickly realized the human aspect was where my heart resided. After completing studies in psychology and pure sciences, I bridged the gap by focusing on perceptual and computational neuropsychology.

On the crypto front, after starting to mine Bitcoin in 2010, I eventually realized that Proof of Work would not be able to provide me with the decentralization dream I was so fond of and so I forgot about Bitcoin for a few years until I co-founded a crypto education group in 2016. And then in February 2018 I created EOS Nation!

Irina Kravchuk | SatoshiClub: Why do you say that? Because the mining is concentrated in a few big groups? Or because of the technology behind BTC?

Yves La Rose – EOS Nation: At the time mining pools were not existing yet. So you have to position yourself back when there was a shift from truly one person mining to mass pool mining with the advent of the first mass produced miners. I could literally mine thousands of BTC on my laptop.

Serg | Satoshi Club: yes, we all have this thought.

Yves La Rose – EOS Nation: I knew that my personal computer would no longer be able to have the same impact as it did when I started. BTC was also not what it is today, different time, different place. Easy to look back in retrospect. 😛

Irina Kravchuk | SatoshiClub: Any lost HDD?

Yves La Rose – EOS Nation: One broken and thrown out, yes.

Serg | Satoshi Club: Indeed 🙂 We’ve collected almost 300 questions from the community through our website. We selected 5 to be discussed. Are you ready to start?

Yves La Rose – EOS Nation: Let’s do this!

Q1 from Telegram user @iulya_i

DeFi is the trend in crypto nowadays and I think that we can add gaming as well. Can you tell us what are the EOS plans regarding DeFi?

Yves La Rose – EOS Nation: The foundational tools for DeFi are being built at an ever-increasing pace in order to be there when the flood gates open. I expect to see a significant influx of traditional money flow into the ecosystem in the coming months as people start to realize the machine can’t go brrrrrr forever.

The trustless, transparent, and immutable nature of blockchains combined with their capacities to be programmed to trigger functionalities based on a set of pre-defined conditions are ideal for DeFi. At the protocol level, this enhances security and reduces the cost of doing business. EOS as a blockchain is well positioned to accommodate the DeFi needs due to its massive performance capability.

We see that traditional financial services requires a lot of throughput capability to be able to perform efficiently and properly. Think back at the MAKER problem a month or so ago. If the blockchain isn’t fast enough to react to big movements, it isn’t ready for prime-time. During this same crash, EOS based DeFi products did extremely well under pressure as they are capable of 0.5ms changes, reacting to the external changes instantly.

Irina Kravchuk | SatoshiClub: Can you tell us about some DeFi projects currently building their infrastructure on top of EOS?

Yves La Rose – EOS Nation: EOS has an ever growing list of DeFi products, such as EOSDT, an over-collateralized stable coin (like MAKER). Major differences are in the pace at which the oracles are capable of adjusting to price movements, as well as the underlying permission structures found natively on EOS.

Serg | Satoshi Club: So, the problem then was in the ETH blockchain? not because of the developers who created that specific DeFi system?

Yves La Rose – EOS Nation: Unfortunately, ETH was created at a time where blockchain capabilities were limited in terms of transaction per second. You also have GAS fees which truly impede any real DeFi products. There is no way you can do arbitrage on chain with GAS fees. And with throughput limitations of 18-20 tx/sec, you also see it’s not possible to have mass adoption of DeFi.

EOS on average does 100-150M actions per 24 hr…. That’s roughly the same amount that BTC does in ONE FULL year!

Irina Kravchuk | SatoshiClub: Yeah, this is like dialup internet, in the old days.

Yves La Rose – EOS Nation: Good comparison! It’s not that dial-up was bad, it was amazing. But as time goes by newer technology comes out. None of us would likely be here if it weren’t for BTC and ETH – they are amazing projects.

At EOS Nation we also have a variety of DeFi tools, such as xnation.io. A lot of the tools are foundational in nature as we are still laying the groundworks for a full DeFi ecosystem.

Blockchain DeFi as a whole is still very much in its infancy stage, but IMO, is set to explode in 2020 and 2021. Hence ensuring all is ready for when it does. I would say DeFi is one of the, if not the, most important movements we will see in this space. https://eosdt.com/en

Q2 from Telegram user @ion_nenescu

I am a developer. I’ve created on Ethereum but I am interested to do something on EOSIO. I usually develop games. Can you tell me what requirements are there? What language is there? Is there any guidance?

Yves La Rose – EOS Nation: Recently Block.one, the company that develops EOSIO, the software powering EOS, awarded a $200,000 USD prize to one of our colleagues for having developed an Ethereum virtual machine inside the EOSIO WASM virtual machine! https://devpost.com/software/eosio-evm-2timop.

EOSIO is coded in C++, so there is no Solidity type language to learn. But with this recent prize, you don’t even need to learn anything new if you’ve already coded a project on Ethereum. As a developer, you can write your code in Solidity, compile it and deploy it directly on the eosio.evm contract.

Serg | Satoshi Club: Can you tell us more about the Ethereum virtual machine inside the EOSIO WASM virtual machine?

Yves La Rose – EOS Nation: One of the use-cases for this is for developers that are looking to upgrade from the Ethereum blockchain to overcome limitations with gas fees, block times and other roadblocks. They can take their solidity code that they have spent considerable time and money developing, and deploy it on EOS with no modifications.

All developers can come and check this website which has A TON of information on how to get started on EOSIO. https://developers.eos.io/.

Irina Kravchuk | SatoshiClub: and are people using this feature?

Yves La Rose – EOS Nation: It literally got released two weeks ago! A lot of our developers started off in Ethereum, so it was important to have a transition piece to facilitate movement.

ETH still has the lion’s share of products, but unfortunately is built on a soft foundation that is limited in scalability. This enables developers to continue working on their projects instead of starting from scratch. Leveraging EOSIO is just the smart move once you understand you aren’t limited anymore

Irina Kravchuk | SatoshiClub: Thank you. I’m sure all the developers that see this are tempted to try it.

Q3 from Telegram user @bitociok

Please update us regarding the EOS adoption: how many apps are built on EOS? How many users are using those apps? What is the number of active EOS wallets and what is the growth rate?

Yves La Rose – EOS Nation: To set the tone and give a good overview that really answers this question, I invite you to check blockchain stats on Block’tivity. https://blocktivity.info/.

BY FAR you can see that EOS is capable of and currently serving more activity than all other blockchains COMBINED! Having launched in the “blockchain 3.0” era, EOS benefited from technology that was capable of scaling to new never seen heights. This really was the focus of the developer teams at Block.one.

For a mostly complete full list of dApps built on EOS, please check out DappRadar. https://dappradar.com/. Here you can see daily activity broken down by dApp, with all the additional informaiton you might be looking for. In terms of wallets, there are plenty (10+) depending on your preference (i.e. desktop VS mobile). I personally use Anchor built by our good friends at Greymass. https://greymass.com/en/blog/anchor-an-eosio-wallet-and-authenticator/

Serg | Satoshi Club: Crypto Dynasty has the first place related to the number of users.

Yves La Rose – EOS Nation: It’s easy to use and has all the features you could want in one location.

Irina Kravchuk | SatoshiClub: So if CryptoKitties were to run on EOS, bottleneck wouldn’t be a problem?

Yves La Rose – EOS Nation: Lol, no. We run Cryptokitties several thousand times over, daily.

In March we decided to see how far we could go and we did 150M actions in one day on the LIVE chain – that’s as much as Ethereum does in one year. We weren’t even at 50% capacity of the chain.

Apples to oranges obviously. But it shows how far blockchain technology has come since ETH was launched in 2015. Think back at when you got broadband internet for the first time, it was just night and day or the first time you watched a Blu-Ray movie. You just can’t compare.

Q4 from Telegram user @clara_eriksen

Everyone is talking about adoption and making cryptocurrencies as simple for a usual person as possible. We all know about the recent story with JK Rowling 🙂 How would you explain EOS to a usual person who is not familiar with Blockchain?

Yves La Rose – EOS Nation: I think this is one of the most important questions because this really is a challenge that all blockchain projects face. It’s easy to go back and forth between projects within the space and say why one is better at a particular proposition, but in the end for this to really succeed we need adoption globally outside of the developer and tech group. That means people like my mom! People who simply want to play their games, use their application, and really have no need to know what the tech stack in the back looks like. My mom has no idea how WiFi works, what HTTPS is, and nor should she!

If we want this to reach people like JK Rowlings we need to abstract away blockchain from it – essentially, we shouldn’t even be focusing on what the products are running on. The product should be the focus. The offering and the functionalities that blockchains bring should remain hidden for the average user. My mom should likely never have to touch her private keys, nor even know what a private key is. How often does your mom ask you whether your website or application runs on HTTP, HTTPS or HTTP2S? She doesn’t, because it’s not relevant to her. In EOS, due to the inherent capabilities of the smart contracts and native permission sets, we’ve been able to create products such as LiquidApps.

This product enables develops to abstract away “blockchain” complexities from developers and users. So for example, you can log in to a game and play a game without creating an EOS account, without knowing you’re even using the EOS blockchain – but in the background you are, and the funds are being settled on EOS. There are account recovery mechanisms built within the application you are using, and leveraging things like WebAuthn, you are able to have your private key literally at your fingertips. So for the end user, the person simply uses an app like any other! That’s what we need for my mom… nothing complicated, nothing that even mentions blockchain – that is for the power users and the developers.

So to answer the question I would say “For this to reach mass adoption we shouldn’t have to explain blockchain”. And EOS will be the tech stack powering everything you use, without you needing to know about it!

Q5 from Telegram user @tirrand

One of EOS strong points is its scalability. But we know that there are other blockchain projects who developed very scalable blockchains as well. What is EOS advantage compared to them?

Yves La Rose – EOS Nation: Well, to put it simply, it works and it’s live. We hear of many other projects, claiming to be scalable and claiming to be able to accommodate a lot of throughput, but that’s all theoretical and not live. EOS is here today, it’s live, it works, it’s capable of massive throughput and is backed by the single largest ICO in history. The amount of innovation and code that is coming out of EOS is insane!

The EOS token is essentially your gateway into EOS as it’s a representation of the resources available on the network. As network resources become used the value of the token increases as the representation is one of utility. We see more and more large enterprises choose EOS as their blockchain of choice as they realize it’s the only project that can actually accommodate projects of scale. We also see that the foundations (i.e. the rails, the connectors) are becoming more and more meshed where the ecosystem is like a giant building block of legos all interconnected to meet the specific needs of the stakeholders.

Irina Kravchuk | SatoshiClub: Can you name a few large projects/ enterprises?

Yves La Rose – EOS Nation: Sure, for example one of the largest accounting firms in the world, Grant Thornton recently moved to EOS. https://cointelegraph.com/news/grant-thornton-moves-intercompany-transactions-to-eosio.

Going back to DeFi – this is the type of progress we are seeing. Traditional financial institutions recognizing the need for blockchain, and the need for EOS in the backend.

China, the country, even chose EOS for its National Blockchain Service Network. https://www.eosgo.io/news/china-launching-bsn-eos-included.

Talking about Chinese National Blockchain Platform

Irina Kravchuk | SatoshiClub: Do you have a sales team that is trying to communicate the advantages to companies like this?

Yves La Rose – EOS Nation: As EOS is truly decentralized, there is no “central authority” that coordinates marketing (i.e Bitcoin foundation or Consensys). We are in the mists of creating a similar Foundation, but one that is decentralized and ever changing, leveraging the permission sets I keep referring to.

At EOS Nation we publish a weekly communique, called the Hot Sauce – you can consume it in text, video or audio format, and it gives you a full overview of all that is happening in EOS. https://eosnation.io/blog/, https://www.youtube.com/channel/UCXgAY9DyooykrubRXw3xK1g, https://soundcloud.com/eosnation.

Just at EOS Nation we reach more than 200,000 subscribers weekly

Irina Kravchuk | SatoshiClub: You have a very diligent community it seems.

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 2 minutes and a lot of questions were posted by the Satoshi Club community. Our guest chose five of them.

Q1 from Telegram User @Nickkiii

If voice gets millions of users and when they make millions of transactions, will EOS be able handle the large number of transactions?

Yves La Rose – EOS Nation: Yes, this is one of the reason why we have been stress testing the network over the past few months. All the block producers have investing a significant amount of capital into ensuring their infrastructure is ready and capable of handling the requirements to run such a huge application. As I mentioned earlier, EOS is now capable of handling over 250M daily actions if we were to have that need. This is without any additional changes, and without even reaching out limits. Just think about that in comparison to anything else that is currently on the market – it’s insane!

Q2 from Telegram User @Dreed_D

You are an established and well-known company? So why you need to do AMA? We really curious to know that what is the main purpose behind that?

Yves La Rose – EOS Nation: It’s important for me to reach out to the community, taking the time to answer questions and engage. I find that AMAs are a great way to keep grounded and know what EOS Nation should be focused on. The bigger we get, the more important I think it is for us to keep this connection. To give you an idea, I travelled over 150,000 KMs last year, and events like these is something that I prioritize wherever I am around the globe. EOS Nation in 2018 did over 135 meetups worldwide!

Q3 from Telegram User @Nuhollic

How was the Grants program created, which you plan to finance future projects using EOSIO community members and the protocol?

Yves La Rose – EOS Nation: Last week Block.one awarded 34 grants to developers around the world, on top of the $200,000 prize to develop the EVM for ETH, and the $100,000 hackathon prize pool which will be released to the winner on June 12th.

https://eos.io/news/blockone-announces-eos-vc-grants-recipients/. https://eos.io/news/eosio-challenge-promotes-blockchain-interoperability/. https://eos.io/news/eosio-virtual-hackathon-begins-today/.

Q4 from Telegram User @LLeeKuanYew

Whats the difference between voting and staking? I understand EOS holders can vote for 30 BPs. But when it comes to staking the EOS tokens with a BP or another party to earn a profit share etc, is that different from voting? how does that work?

Yves La Rose – EOS Nation: Yes, in EOS you secure the network by voting for the block producers that you believe best represent your interests. EOS Nation currently sits in 1st position globally thanks to all of our supporters who recognize the work that we bring to the ecosystem. This system is the Delegated Proof of Stake (DPoS) consensus mechanism which is the base of EOS. Token holders are also capable of earning interest on their assets by staking to a proxy pool, such as ours. https://proxy.eosnation.io/.

By staking to a pool you earn rewards while securing the network. As this is done on the protocol level, your tokens are never “sent” anywhere. The vote function is what is leveraged, so you always retain ownership of your tokens, your keys, and the capability to move and do anything you want with your token instantly.

Q5 from Telegram User @Rmitch

There we see many projects that claims they are fully Decentralized. But they done their work in a Centralized way. How can we sure that EOS is fully Decentralized? Can you please tell us what’s EOS working method?

Yves La Rose – EOS Nation: That’s a good question. Decentralization isn’t an all or nothing thing – it’s very much a spectrum is ever changing, never static.

In EOS we leverage the DPoS consensus mechanism that I mentioned above. The more token you have, the larger you say in the network and who gets to secure the network. This is very much based on the “skin in the game” principle. As anyone can change their vote any any time, and as often as they wish, we see that the network validators change and adapt to the wish of the token holders, increasing the security of the network and remaining ever decentralized. If we go back over time in EOS, we can see that the Block Producers have changed over and over multiple times as the token holders determine who is best, and what is most important to them as the network grows and the external variables change as well.

EOS Nation currently sits in 1st position, but this was not always the case, and will likely not be the case eternally either. The incentive mechanism in EOS ensure that the token holders always stay in control and that the alignment of those securing the network, and those with stake in the network, always move in the same direction. It’s evergreen.

Each block producer is independent and cannot control the network. Any modification to be made to EOS requires at least 15 hour of the top 21 block producers to agree on the change and approve the change on the chain. We have seen many changes proposed and approved, as well as many proposed and rejected. And each time we have seen token holders in control as they shift their votes should the network not be heading in the direction the deem best. This middle ground is where EOS believes it’s found a workable space within the decentralization spectrum. It enables EOS to be fast and adaptable, while remaining secure and performant.

I invite you all to earn dividends on your tokens if you aren’t already doing so. This helps you beat inflation passively – it’s a no-brainer. I invite everyone to join us in our EOS Nation telegram group to continue this discussion – we will gladly answer any questions you may have. https://t.me/EOSNation.

I want to thank the organizers for inviting me @sspurss @iri_kravchuk – I had a lot of fun and can see that you have a really engaged community!

Irina Kravchuk | SatoshiClub: Thanks @YvesLaRose for your time and answers.

Serg | Satoshi Club: Thank you for being here with us today 🙂 It was our pleasure.

PART 3, QUIZ AND INFO

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

20 users with correct answers were rewarded.

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/

Our Partners:

EOS Nation Telegram Group:https://t.me/EOSNation

June 17th – AMA Satoshi Club x NULS

Posted on June 12, 2020June 12, 2020 by satoshi-club

We are pleased to announce our next AMA on June 17th 2020 at 09:00 AM UTC Time: Satoshi Club x NULS

Click to see the hour/ time converted to your location

⚠️Total Reward pool: 150$

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

We will have the following structure:

Part 1️: Introduction.

Part 2️: 150 USD – Q quiz about NULS and Nerve

Part 3️: People are asking questions. No rewards are allocated for this section

For more details:
NULS – @nulsio
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Satoshi Club May Recap

Posted on June 12, 2020June 16, 2020 by satoshi-club

May was an incredible month in the crypto field. The long-awaited halvening of Bitcoin succesfully took place. On the contrary, SatoshiClub has doubled its activity and today we would like to tell you what this month will be memorable for SatoshiClub and its community.

1. In May, the Satoshi Club team organized and conducted 12 AMA sessions with their friends and partners from various crypto projects.

Here is a complete list of all AMA’s we’ve had:

Tron Foundation and Satoshi Club AMA session on the 6^th of May. This time, admins managed themselves to bring one of the most important ambassadors when referring to crypto, TRX’s CEO, Justin Sun. This AMA had prizes with a value of $150.