Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from 5ire Chain and our guest was . The AMA took place on the 16th of March
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Mary | Satoshi Club
Hello Satoshi Club!
We are happy to announce our AMA session with 5ire Chain! Welcome to Satoshi Club
Jonah 🏅🎹
| Satoshi Club
Our guests for today are @hedonistmarketer, @utkarsh_5ire
Mary | Satoshi Club
@hedonistmarketer, @utkarsh_5ire welcome to Satoshi Club
Jonah 🏅🎹
| Satoshi Club
Hello welcome
Utkarsh | 5ire.org
Hi everyone!
How are you?
Aman
Hey
How is everyone?
Jonah 🏅🎹
| Satoshi Club
Doing very fine, we are glad to have you both here
How are you doing today?
Mary | Satoshi Club
Hello! We are fine, excited to hear more about 5ire Chain
Utkarsh | 5ire.org
Glad to be here really.
We’re excited to tell you more.
Lets go!
Mary | Satoshi Club
We are happy to see you here today as well! Let’s go
Jonah 🏅🎹
| Satoshi Club
And we are super excited
Mary | Satoshi Club
We will start with intro!
Could you please introduce yourselves and tell us more about
5ire Chain i
Utkarsh | 5ire.org
Yes, ofcourse.
Aman
I work as a Marketing Manager for 5ire,closely with 5ire’s
CMO.
I have been into affiliate marketing, ecommerce, native
& google advertisement since 6 years. I was introduced into the crypto
space few years back and there’s no turning back since then. I love it here
Utkarsh | 5ire.org
Well, I have been into internet marketing for more than 6
years and have had experience running native, affiliate, facebook, adwords etc
before I joined 5ire last year.
Mary | Satoshi Club
Ahaha, yes i understand you
Jonah 🏅🎹
| Satoshi Club
You’ve both had great deal of experiences in the digital
space
Mary | Satoshi Club
Nice experience, sure it will help a lot here!
Aman
Can say that
Mary | Satoshi Club
So, what is 5ire Chain and its main goals?
Aman
Would love to explain
5ireChain is the first truly sustainability-driven platform
that incentivises enterprises to be more sustainable & innovative, just by
making the world a better place. Actions in the 5ireChain adhere to the
philosophy of 5IR, creating a net positive impact on the planet.
Jonah 🏅🎹
| Satoshi Club
So how many people do you have currently working on this project?
Mary | Satoshi Club
Great goals, guys! Who helps you to reach them? I am asking
about your team as well
Aman
5ireChain is a tier 1 high-performance distributed computing
platform with lavish runtime functionalities oriented towards sustainability at
the consensus level.
5ireChain is a blockchain ecosystem that brings
sustainability, technology & innovation to build the 5th industrial
revolution by ensuring that the activities which are aligned with the UN 17
Sustainable Development Goals either on-chain or in the real world are highly
incentivized.
5ire works towards empowering more than 1billion+ people to
create businesses that act as force for good and help create a more sustainable
and greener world.
Utkarsh | 5ire.org
Our team has rapidly grown to a full time 70+ members.
Utkarsh | 5ire.org
With 30+ developers.
Aman
Our team has actually been exceptional, without all of them,
we wouldn’t be here.
Jonah 🏅🎹
| Satoshi Club
Very impressive numbers
Mary | Satoshi Club
Wow, it’s quite big! How long you were developing 5ire Chain
project?
Aman
You already might know the co-founders.
Pratik Gauri (Co-founder & CEO) is s Serial social
entrepreneur, investor, public speaker and writer creating 5th Industrial
Revolution and championing UN SDGs.
Prateek Dwivedi (Co-founder & CMO) is a Blockchain
enthusiast, investor and veteran Internet Marketer. He conceptualized the
proprietary 5IRE consensus mechanism and reward protocols.
Vilma Mattila (Co-founder & CBO) is a Venture Capitalist
& Futurist. She has Incubated 40+ Projects including Qtum, Tron & Aleph
Zero. She is also an Advisor at the EU Blockchain Observatory.
Mary | Satoshi Club
Awesome team
Utkarsh | 5ire.org
Well. The idea was formulated in a tea shop in Delhi.
But it has been almost a year officially.
Mary | Satoshi Club
You are developing very fast! Great job!
Thank you, guys for this great intro! Are you ready to start
with the questions from our community?
Aman
Our team, at 5ire, is pleased to announce that we have completed one #5iresome year!
We are truly grateful to our 5ire community for the immense
love and support
I found out that the 5ire Chain ecosystem makes use of a hybrid concensus algorithm called “Proof of 5ire” which is said to be one of the unique selling propositions of the 5ire Chain. Can you give a detailed explanation about this hybrid concensus algorithm used by 5ire Chain? What are its distinctive features and how does this algorithm function? Can you mention the factors you considered before making the decision of using the Proof of 5ire algorithm and the contributions/benefits this algorithm will give to 5ire Chain and its users?
Aman
Proof of 5ire – our primary proposition and a really unique
consensus mechanism, which includes
proof of benefit, sustainable proof of stake and proof of donation stacked on
top of each other to generate your proof of 5ire score.. It integrates
sustainability at the core of blockchain and empowers nodes for sustainable
practices, by incentivising them economically.
Mary | Satoshi Club
Can you explain how it works as for newbies?
Aman
5irechain is using what is known as hybrid consensus, for
block production and provable finality respectively, allowing fast block
production and higher levels of security. By our sustainable vision, the 5ire
reputation mechanism allows universal and canonical guidance for the network
and the real world activities, and direct those activities toward a for-benefit
focused paradigm, in which appealing to the 17 United Nations Sustainable
Development Goals is highly rewarding for all the actors, while maintaining
speed and transaction throughput better than any standard Proof-Of-Stake scheme
and high levels of security and efficiency never attained by neither PoW’s nor
PoS’s, All of this in the most human-focused sustainable way where bringing
value to existence is highly incentivized.
Tried to elaborate as much as I can
Jonah 🏅🎹
| Satoshi Club
So much here but impressive
Aman
That is what 5ire is
Mary | Satoshi Club
Oh, it seems clear do you have competitors? Can you name
them?
Aman
Yes we do
Utkarsh | 5ire.org
In simple terms, if there are two individuals, Mary &
Jonah, and Mary has more sustainable practices than Jonah, she would end up
making more rewards.
I feel that if that’s true i will use 5ire Chain and not
only me)
Aman
Here is our recent comparison report.
Ethereum, Solana , Cardano, Avalanche , etc
Mary | Satoshi Club
Unbelievable
Jonah 🏅🎹
| Satoshi Club
And it’s inpressive to see how well you compare with them
Utkarsh | 5ire.org
We consider them brother chains, more like.
Mary | Satoshi Club
Thank you for your answers, guys! Ready to proceed?
Utkarsh | 5ire.org
Yes
Jonah 🏅🎹
| Satoshi Club
Q2 from Telegram user @Cheriemike
Sustainability and supporting the 17 Sustainable Development Goals (SDGs) of the United Nations are at the heart of everything done in 5ire Chain.So far can you tell us how you have been achieving your goal of a Hunger Free World?And to create the “Unicorns of Tomorrow”,you are searching for mission driven founders that are interested in creating a new paradigm in “Social Impact”.So is this offer open up to all or are there some criteria/requirements you are actually looking out for?How can those who are interested make their applications and what benefits/rewards are laid out for them?Please explain Thanks
Aman
5irechain will work on the tokenization of the 17 SDGs and
bringing them on-chain for the purpose of making the for-benefit paradigm more
promising by taking advantage of the 5irechain transparency and accountability
features and the sustainable reward distribution.
Mary | Satoshi Club
Have you heard that the problem of hunger may increase due
to the fact that large agricultural producers Ukraine and Russia will not
deliver products this year? I know one employee of the UN, so he estimated that
because of this war the number of starving people could increase by one
billion? According to these estimates, he was almost fired, but the problem
will soon become real. How do you see its decision? Any thoughts?
Aman
5ireChain intends to be the leading blockchain ecosystem to
solve sustainability issues with its core technology, “Proof of 5ire”, which
integrates sustainability & social impact at the consensus mechanism level
by economically rewarding companies for their sustainable practices. Thereby,
leading the 5th Industrial Revolution where bringing sustainability and support
for the 17 Sustainable Development Goals (SDGs) is more profitable than acting
against this paradigm. Thus achieving and motivating sustainable actions, by
design.
5ire also signed MOUs with different governments:
1. 5irechain signed MOU re smart policing with a state
government in India. We will be signing 4 more state MOUs where 5ire is partner
to govt.
2. 5irechain signed MOU with Nigerian Govt
3. 5irechain signed MOU w State of Nebraska, USA re smart
policing.
Mary | Satoshi Club
Nice achievements
Aman
There are a few terms & conditions to that , you can
visit our website or join our official group @officialfirechain
Jonah 🏅🎹
| Satoshi Club
This is Impressive
Jonah 🏅🎹
| Satoshi Club
Is the signing with the Nigerian govt also on smart
policing?
And what regions are you considering next?
Utkarsh | 5ire.org
It’s horrible, yes. The whole alignment will be changed, and
there will be pain, distributed in the order of how much your food budget is.
Governments have taken steps to ensure that their food supply is situated close
by – it’s war – and it is bound to take a toll, from inflation to
protectionism, and trading restrictions.
Jonah 🏅🎹
| Satoshi Club
Quite a sad situation for the world
Aman
Whole world!
Jonah 🏅🎹
| Satoshi Club
Thank you for your Answers
Mary | Satoshi Club
I hope that the governments of countries with food problems
will take these warnings seriously
Thank you for your answers, guys! Ready for the next question?
Aman
Yep
Jonah 🏅🎹
| Satoshi Club
Q3 from Telegram user @V1ct0r_26
Hello, 5ire Chain’s Team!
When it comes to the roles users can have on the platform, I saw that there are quite a few, but the most important ones are “Nominators”, and “Validators”. So, could you please give us a more in depth look about this two particular roles on 5ire Chain? What kind of purposes do they fulfill on the platform? Why are they so important within the right development and functioning of the platform? What do I need to do, as a 5ire Chain user, if I want to become either a Nominator or a Validator? Most importantly, what benefits do users get from fulfilling these roles in 5ire Chain? Thanks
Utkarsh | 5ire.org
MOU is signed with Nigeria’s Federal Ministry of Agriculture
and Rural Development to support the development of organic farming in Nigeria.
Nominators are actors who provide sustainability and
security to 5irechain by electing validators and by staking the 5ire tokens.
Holders that cannot afford to run and maintain a node are
highly motivated to become nominators and earn income by electing validators of
their choice and sharing block production rewards with them.
Nevertheless, they need to choose wisely from the set of
available validators as those with higher reputations are more rewarded, not
those who have more at stake.
Mary | Satoshi Club
What does user need to run a node?
Utkarsh | 5ire.org
Validators are one of the major actors in 5irechain, as they
are the ones that participate in the verification and in the production of
blocks according to our consensus mechanism, and according to their activities
appliance with our sustainable vision that is based on the Proof of 5ire, they
are highly incentivized to be for-benefit driven and to bring impact to the
world.
Aman
If you want. to run a node for us kindly contact us or any
of the team member ad we’ll help you. @officialfirechain
Mary | Satoshi Club
Gotcha!
Mary | Satoshi Club
Thank you for your answers! Ready to jump to the next
question?
Utkarsh | 5ire.org
Lets go.
Jonah 🏅🎹
| Satoshi Club
Q4 From Telegram user @GracieEne
In 5irechain, users are encouraged to create DAOs around sustainability and the service of humanity. What are the processes involved in creating a DAO using 5irechain? What will be the needed skills for this creation? How expensive will it be to create and run a DAO using 5irechain and What are the rewards or incentives given to users that create DAOs? I also read that the complex account types offered by 5irechain can help in the creation of complex DAO hierarchies and governance mechanisms for the control of multi account shared wealth. What are the complex type of accounts offered by 5irechain for DAO creation? How does the creation of these complex hierarchies control shared wealth?
Aman
Sustainable DAOs – Users are encouraged to create DAOs
around sustainability and the service of humanity. And the complex account
types offered by 5irechain can help in the creation of complex DAO hierarchies
and governance mechanisms for the control of a multi account shared wealth.
Jonah 🏅🎹
| Satoshi Club
What are the account types?
Utkarsh | 5ire.org
The best example of creating DAOs around 5ire is 5ire
Capital
5irecapital will be a DAO, powering a bottom-top community
building and innovation. As part of the 5ire ecosystem, we will give back a
certain percentage of any amount of proceeds 5irecapital does on a project as
airdrops. Since there will be a minimum buy-in of our tokens, this represents a
meaningful membership in the DAO. In addition to enabling the DAO’s core
creative outputs, giving back to the community through airdrops symbolizes a
borderless resource distribution. In one part, it will incentivize the next
generation of investors, builders, and creators. In another part, it
establishes the potential of decentralized governance where new ideas are
incubated and scaled. This is what 5ire is all about and we are glad to give
back to our community.
Utkarsh | 5ire.org
For the process involved around creating DAOs, the better
concept is to know what DAO actually is and moreover who do you want to empower
using DAO.
Talking about 5ireChain’s personal DAO, everyone is
empowered here from actors & validators to stakers and users.
Mary | Satoshi Club
What will be the minimum buy in? Which amount?
Utkarsh | 5ire.org
Buy in for?
Mary | Satoshi Club
For DAO as i understand
‘Since there will be minimum buy-in of our tokens…’
Aman
Yes
Aman
There will be
For a meaningful membership in the DAO but it is still TBA
Mary | Satoshi Club
Got it! We will follow your updates!
Aman
Indeed!
Mary | Satoshi Club
Thank you for your answers! Ready for the next question?
Utkarsh | 5ire.org
5ire Capital, the VC firm of 5ire is open for incubating
such projects who create a meaningful future, if you have a plan let’s work
together on it drop us a mail at office@5ire.org
Utkarsh | 5ire.org
LLets go
Aman
Or else i will have to go through the white-paper to get you
the numbers, lol
Jonah 🏅🎹
| Satoshi Club
Q5 From Telegram User @iceVermithraxx
with NFTs becoming trending in the Industry, every crypto user will like to create their own NFTs and I noted that using 5ire, every user can create their own standard fungible and non-fungible token. Can you explain on the requirements for users to be able to create FT and NFTs on 5ire Platform? how can users trade/sell the FTs and NFTs created in 5ire? I also noted that users can also create a unique readable domain name. can you explain more on the creation of the unique domain Name in 5ire and how users can create it? Lastly, 5ire also allows multi-custodial account, why do you do choose to allow multi-custodial account creations? Wont this promote scam and multiple accounts?
Utkarsh | 5ire.org
Well, the answer to these questions is quite technical since
currently, 5ireChain is in its private network mode so the creation of NFTs and
other kinds of digital assets over it is not publicly possible.
As for the domains, 5ire will have small domains rather than
the long hexadecimal address which will easily allow the users to transfer
tokens from one wallet to other.
We also innovated phone number integration on 5ireChain.
Users will be able to create their address using mobile
numbers and then can easily access / perform transactions.
Ready for the 6th and last question from this part?
Aman
Yes
Jonah 🏅🎹
| Satoshi Club
Q6 From Telegram User @Ask4unik
Last month,5ire Chain secured a $100 Million capital commitment from Gem Global Yield LLC SCS (GGY) as you seek to file for an IPO.So can you tell us what this IPO that you are filing for really means and how will it help in facilitating the growth of 5ire Chain?Will the $100 Million actually be used only for the filing of an IPO or the remaining will be used for something else?Will GGY later be part of 5ire Chain partners?5ire Chains aims to liaising with government stakeholders in Indian,what about doing the same in other places? Thanks
Utkarsh | 5ire.org
Well, this partnership aligns with our vision. The market
has acknowledged our hard work and sees things as we see them. We are the only
sustainable blockchain in the world and we will continue to work relentlessly
until sustainable practices through blockchain, and doing business for benefit,
become a way of life for businesses worldwide.
It will focus majorly on how we further promote our vision
of ‘for-benefit’ ventures in the 5ire ecosystem.
Funds will help us in:-
Expansion of the ecosystem.
Investment in technology and resources and adding tech
developers to build a more robust 5ireChain infrastructure.
Investment in research for innovation.
Amplification of human capital.
Enhancement of adoption of 5ireChain across crucial target
audiences.
And about the role of a liaison – we are just 8 months old –
and we’re already this far. Our ultimate goal is to impact the whole population
of our globe, hence, India serves as the entry barrier to millions of people.
We have huge plans for the future – and we are not limited to India.
Mary | Satoshi Club
I believe you will reach all your goals
Jonah 🏅🎹
| Satoshi Club
Thank you for your well detailed response to our community
questions
Mary | Satoshi Club
We came close to the next live part of our AMA now
Are you ready, guys?
Mary | Satoshi Club
Let’s go
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Rakshhit
Funding is an important part for any project. So I want to know how much funding you raised from the Investor?
Utkarsh | 5ire.org
Thank you for asking. Well, Our private round was closed a couple of days back – worth $21.5M.
And as you might’ve heard – we have also received a $100mn ecosystem funding from GEM
This is our roadmap – most of our focus is on product development, and we want to get the product out into the marketing as soon as possible. Building a layer 1 from scratch takes a lot of effort – and thankfully we are on track – there might be some delays in timelines here and there – but the team is really excited and is up for the time ahead.
Q3 from Telegram user @Fatima6734
Why do you believe that users will attached to 5irechain in the Long Term?What is the Key to this?
Utkarsh | 5ire.org
Good question. Well, to be honest, we clearly see the shift in businesses being more and more sustainable over the past few years. Juices are more profitable than coke, EVs are the future of cars.
There will come a time when all the unsustainable businesses would stop flourishing. And 5ire is ready for that. This in itself is the biggest key in our adoption
Q4 from Telegram user @MCBTrade
It uses a hybrid consensus mechanism that combines 5irechain’s BABE and GRANDPA mechanism. Could you please give information about the importance of this mechanism and how it is used? What are the advantages and benefits of this mechanism?
Utkarsh | 5ire.org
5irechain is using what is known as hybrid consensus, combining BABE and GRANDPA for block production and provable finality respectively, allowing fast block production and higher levels of security. By our sustainable vision, the 5ire reputation mechanism allows universal and canonical guidance for the network and the real world activities, and direct those activities toward a for-benefit focused paradigm, in which appealing to the 17 United Nations Sustainable Development Goals is highly rewarding for all the actors, while maintaining speed and transaction throughput better than any standard Proof-Of-Stake scheme and high levels of security and efficiency never attained by neither PoW’s nor PoS’s, All of this in the most human-focused sustainable way where bringing value to existence is highly incentivized
Q5 from Telegram user @DK177
Why did you combine a number and letters in your name as 5IRE? What do you indicate by that?
Utkarsh | 5ire.org
5IRE, pronounced FIRE, stands for the 5th Industrial Revolution – our core ideology for moving the for-profit paradigm towards a for benefit one.
Q6 from Telegram user @Robotliker1
Project security is important for investor trusts. Will you do any third party Audit in the future? Do you have any Audit credential certificate or not?
Are you conducting any Whitelist Event of 5ireChain? If yes can you please share?
Utkarsh | 5ire.org
We are. Thank you for asking. For anyone willing to participate – please click here – https://bit.ly/5ireWL
Q8 from Telegram user Rima
Sir. I am interested in your project. When and where can I buy your tokens? Is it already listed exchanges?
Utkarsh | 5ire.org
Stay tuned for an official announcement soon. @officialfirechain
Q9 from Telegram user @laaf0
Could you tell us in what phase of development is 5ire chain? Could it be that it is ready to launch its test versions? or is it really ready for its official launch?
Utkarsh | 5ire.org
For the former, very very soon. And about the mainnet – it is scheduled for Q3-Q4 2022 – and now that the fundings round is over – our top priority is the product and our team is working really really hard towards the same.
Q10 from Telegram user @Ajpaa
How can I become validator authoring the block transaction and what are the requirements?
Utkarsh | 5ire.org
We did covered this question but again, if you are interested get in touch with our team. You can contact us at @officialfirechain
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:
Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Metametaverse and our guest was . The AMA took place on the 16th of March.
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Gold Rocket | Satoshi Club
Hello again, dear Satoshi Club community! We are pleased to
announce AMA with Metametaverse
Jonah 🏅🎹
| Satoshi Club
Our guy for today is @metametajoel
Hello welcome to Satoshi club
Joel Dietz cryptoapollo.io
Wow, so happy to be here
Gold Rocket | Satoshi Club
@metametajoel hello and welcome to Satoshi club
Jonah 🏅🎹
| Satoshi Club
We are Excited to have you here today
Joel Dietz cryptoapollo.io
Thanks Jonah , Gold Rocket
lots of things to be excited about in metaverse
especially the meta metaverse
Gold Rocket | Satoshi Club
We are also real honoured to have you here today
Joel Dietz cryptoapollo.io
well i’m glad we made the connection
Gold Rocket | Satoshi Club
So let’s start
Jonah 🏅🎹
| Satoshi Club
How are you doing today?
Joel Dietz cryptoapollo.io
I’m having a great day so far
Gold Rocket | Satoshi Club
Introduce yourself please. How did you get to be involved in
crypto & Metametaverse
Joel Dietz cryptoapollo.io
very vivid dreams in the night
merging with metaverses in the day
Gold Rocket | Satoshi Club
Tell us please about your position in Metametaverse
Joel Dietz cryptoapollo.io
I think I read about bitcoin back in 2010 got excited about
it
but i didn’t think it would be super successful
but i decided ot create my own digital currency in 2011
which failed
but i built my first browser extension digital currency
wallet
then when ethereuem came out I dropped everything I was
doing to work on ethereuem full time
I was a very enthusiastic early Ethereum supporter
I say I had a “nerdgasm” when I first read the
Ethereeum whitepaper
Gold Rocket | Satoshi Club
So you are an early bird
Joel Dietz cryptoapollo.io
yeah pretty early, I helped start a few big ethereuem
projects including Metamask
then took a couple year break from crypto
Jonah 🏅🎹
| Satoshi Club
I’m curious to know what the name of this currency was?
Joel Dietz cryptoapollo.io
it was called Evergreen or GREENZ
Gold Rocket | Satoshi Club
you really impressed me
Joel Dietz cryptoapollo.io
we launched at some coworking spots in Berlin and other
communities in italy and other spots in europe
was more like a local use digital currency
so it had its own POS system and things that you could use
inside of a coworking space
it was a very ambitious project, I think it might have
technically been the first stable coin because it was asset backed
Gold Rocket | Satoshi Club
It’s a great experience…
Give us a brief introduction to the project. What is the
essence of Metametaverse
Joel Dietz cryptoapollo.io
it’s basically a platform for creating metaverses
so whoever wants their own metaverse can have it
and you can subdivide it and then sell portions of it
but i designed a programming language that allows you to map
the different locatoins and insert objects
so its very dynamic
and basically way more feature rich than any other metaverse
platform so far
Jonah 🏅🎹
| Satoshi Club
How many people are currently working on this project?
Joel Dietz cryptoapollo.io
25-30 full time folks
Jonah 🏅🎹
| Satoshi Club
Impressive
Joel Dietz cryptoapollo.io
We have been hiring 2-3 people per week
we currently have unreal engine, UX, and biz dev positions
open
Gold Rocket | Satoshi Club
You know how to make crypto trends
Joel Dietz cryptoapollo.io
yeah I used to be a trend setter before people realized
there were trends I guess
Gold Rocket | Satoshi Club
Is your team anonymous?
Joel Dietz cryptoapollo.io
now I want to make mega hype on top of existing hype
but really cool stuff
no all of our executives are on our website at
metametaverse.io
Gold Rocket | Satoshi Club
we wish you good luck and sufficient resources in this
necessary matter
Joel Dietz cryptoapollo.io
well there are lots of very cool interactive metaverse
experiences still to be built
Jonah 🏅🎹
| Satoshi Club
So true, Thank you for the great introduction
Gold Rocket | Satoshi Club
I consider this a good indicator.
Thanks for great introduction, we will have several
questions selected for the Part 1. Ready to start?
Joel Dietz cryptoapollo.io
Sure
Jonah 🏅🎹
| Satoshi Club
Q1 From Telegram user @Rozielyna
I read from an article of yours that The MetaMetaverse is the first fully realized virtual society. Using play-to-earn gaming mechanisms and advanced NFT technology users can own profitable virtual real-estate.You also mentioned that the metaverse is customizable, open to the community for engagement, and trade-able. By this do you mean users can actually Upgrade, Sell and rent out their metaverse? What are the core features of the metaverse that users can enjoy and what are the incentives that comes with it ? You mentioned that NFTs are the building blocks of the metaverse, how will the NFT technology be used in your MetaVerse? I also noticed that there’s a metamap on your platform which is a visual representation of existing, bought and inhabited metaverses. Please can you share more details about the MetaMap on your metaverse? How can it be acquired and what will users benefit from the MetaMap?
Joel Dietz cryptoapollo.io
Sure that’s a few different questions will try to answr all
of them
Basically as I was showing on the metamap once you have your
own metaverse you can subdivide it
tehre is a sort of ‘zoom’ function that allows you to zoom
in
so it is all cubes, and there are cubes inside cubes
each smaller cube exists at a 100x scale factor smaller than
the big cube
so for Mars which we just finished there are lots of cubes
around the surface of mars which represnt individual land plots
so if you, for example, wanted to buy a metaverse and
develop Saturn
you could do a lot of things with the land
you could basically further develop it, create games on top
of it, create other interactive experiences, rent it, or sell it
Jonah 🏅🎹
| Satoshi Club
Awesome
Joel Dietz cryptoapollo.io
so there are basically three main monetization schemes
a) attracting users to your metaverse with intereseting
experiences
b) renting space to other people
c) selling space inside your metaverse
Gold Rocket | Satoshi Club
To be honest, these cool things are breathtaking and
imaginative.
Joel Dietz cryptoapollo.io
So I could give a bunch of examples from the 10 or so
metaverses that have already been built
but that’s the basic idea
As for NFTs, as with other platforms they are used to
represenet land
Jonah 🏅🎹
| Satoshi Club
And do the users determine what rates they want to sell or
rent them out?
Joel Dietz cryptoapollo.io
yes the user does all those things as the platform we take
2.5% same as opensea
but other than that it’s all up to you
so basically when you are buy and selling land it’s all NFTs
we also have this cool metaship launch that is happening
today
basically the ship you use to go from metaverse to metaverse
is also an NFT and you can upgrade it
and add on things like speed upgrades, nitros, etc
even a sound systeme
Jonah 🏅🎹
| Satoshi Club
Satoshiclubbers go get this
Jonah 🏅🎹
| Satoshi Club
This sounds exciting
Gold Rocket | Satoshi Club
Don’t miss great opportunity Satoshi clubbers
Joel Dietz cryptoapollo.io
if you want to have other objects that are NFTs inside your
metavers also great
as for the metamap it is what it sounds like
you can see all the metaverses that have been created bought
or sold
and what is available for sale
today we actually finished the link to opensea
so in some ways it is like a metaverse browser
Jonah 🏅🎹
| Satoshi Club
Thank your for your excellent answers
Ready for the next question now?
Joel Dietz cryptoapollo.io
sure
Jonah 🏅🎹
| Satoshi Club
Q2 From Telegram User @Ritshimwa
Focusing on core of your platform which is the Metaverse, While Trying to Learn about what Users can do with thier own Metaverse in Metametaverse Platform, I noted that users can create Multiple sub metaverses and re sell them and users can also Upload their 3D environment created in the most Popular pools. Firstly, how can users acquire their own Metaverse in Metametaverse? Can you elaborate on Sub Metaverses in Metametaverse Platform and it’s utilities? How can users create this sub metaverses? Do Metametaverse have a marketplace where user can resell or purchase these sub metaverse? Lastly, can you share in some of the tools available in Metametaverse Platform which users can user to create their own 3D environment?
Joel Dietz cryptoapollo.io
yes that’s right
Joel Dietz cryptoapollo.io
Right now to get a metaverse you need to go through our biz
dev guy @LyubomyrP as we are mosting focusing on strategic partnerships
or all of our seed round investors also got a chance to buy
a metaverse
at some point we will do a public sale for metaverses but we
don’t have an exact date
but if you have a good concept email us at
meta@metametaverse.io and we will see if we can accomodate eyou
Now for sub-metaverses eveeryone gets 10 by default but one
fo the benefits of the metametavox token is that you can unlock more
Joel Dietz cryptoapollo.io
so as I said before you can create, develop, and sell more
sub metaveresinside your metaverse
Jonah 🏅🎹
| Satoshi Club
What will be needed requirements for those interested?
basically some cool concept and ideally some existing 3d
asseets or a team that can build those 3d assets
Joel Dietz cryptoapollo.io
our first 5 or so metaverses were with well known 3d asset
designers
here’s another cool image of this fractal temple we are
building
with this mathematician architect who built some of the
biggest pieces at burning man
Joel Dietz cryptoapollo.io
we can keep going
Jonah 🏅🎹
| Satoshi Club
Next question
Jonah 🏅🎹
| Satoshi Club
Q3 From Telegram User @ysasoma
in the Tokenomics that they present in their website they mention that they have two tokens $VOX and FAD, where $VOX is the government token of the Metaverse and FAD the native currency of the Metaverse that can be earned by playing, but, what are the scenarios of use of these two tokens, that is to say, in which we will be able to use them, how we can generate rewards with them, how many tokens we must have as a minimum to access each product and system where they can be used and tell us if you can exchange $VOX for FAD and FAD for $VOX and if so, what is the exchange ratio, finally share the details of the reward system that you will implement.
Joel Dietz cryptoapollo.io
Yes we have expanded that quite a lot from the whitepaper
and website
through our internal working group on economics
but we have a staking, burning, and govenrance function for
$VOX
the burning is that you hve to burn to unlock sub-metaverse,
that’s simple
the staking is that you can stake behind certain metaverses
and earn a portion of any of the fairy dust that is earned inside those
metaverses
Jonah 🏅🎹
| Satoshi Club
Is there a fixed amount to burn?
Joel Dietz cryptoapollo.io
that’s something i did’t talk about much so far but
basically as a metaverse owner you get a portion of any fairy dust to createe
it will be a variable rate i’m sure but I assume starting
with one vox
Gold Rocket | Satoshi Club
Sounds good
Joel Dietz cryptoapollo.io
for the mars metaverse we have already created 15,000
sub-metaverses
Jonah 🏅🎹
| Satoshi Club
Impressive
Joel Dietz cryptoapollo.io
they are being minted today actually
Gold Rocket | Satoshi Club
Thanks for your great answers
Joel Dietz cryptoapollo.io
and there is also an auction function for VOX
so basiaclly some amount of VOX comes up each day and you
can only buy it with FAD
and VOX is the liquid tradalbe token
FAD is the ingame earnable token
Gold Rocket | Satoshi Club
amazing things come into our lives. and you are industry
revolutionaries
Joel Dietz cryptoapollo.io
there are also many items you can only buy with FAD
like the ship upgrades
in short, its an evolving process, and we have an extensive
working document on this that we will be sharing soon
Gold Rocket | Satoshi Club
We will look forward to
Jonah 🏅🎹
| Satoshi Club
Impressive work so far
Thank you for your answers
Btw Our Next question is quite similar ready for it?
Joel Dietz cryptoapollo.io
sure
Jonah 🏅🎹
| Satoshi Club
Q4 from Telegram User @ProwGrowl
When talking about $VOX as a governance token of the Meta Metaverse. You mention that it controls the DAO treasury (developed from the in-game asset sales) and overall supply of Metaverses. What are the other usecases of VOX token? Please also explain the functionality and particularities of your DAO treasury. At what moment Metaverse community is able to manage it? What do users need besides owing VOX to get governance rights? Thanks!
Joel Dietz cryptoapollo.io
you don’t need anything other than VOX to get governance
rights
obviously if you have your own metaverse you can do what you
want with it
but differnt metaveress may have differenet structurese
the mars metaverse for example is governed by a DAO
but basically we do a rev split of all of the sales and they
go into the DAO treasury
Jonah 🏅🎹
| Satoshi Club
Is there a minimum required VOX?
Joel Dietz cryptoapollo.io
no minimum planned at the moment
and then you can stake your vox behind the different
metaverses and generate FAD
I imagine there will be a gradual transition to more full management
right now we have four active working groups
on game design, economics and governance, physics and
programming parallel realities, and language design
and the govenrance group is basically working on a plan to
transition to more DAO onboarding at a larger scale
since most of the folks right now are from the DAO research
community
including MIT, Oxford, etc.
Jonah 🏅🎹
| Satoshi Club
Btw With regards to staking what benefits will the stakers
get in return?
Joel Dietz cryptoapollo.io
including these
basically when you stake you generate more FAD
Jonah 🏅🎹
| Satoshi Club
Awesome
Jonah 🏅🎹
| Satoshi Club
Thank you for your answers
Are you Ready for the next question now?
Joel Dietz cryptoapollo.io
sure
Jonah 🏅🎹
| Satoshi Club
Q5 from Telegram User @NataliyaKil
From the MetaMetaverse Weekly Digest March 7th-13th I learned that there was a Mars Metaverse map created for MetaMetaverse. Can you show it to us now? Does it have any features at the moment and what meaning does this card have for MetaMetaverse gamers now? In addition to Mars, what other planets does MetaMetaverse plan to launch and when?
Joel Dietz cryptoapollo.io
hmm, let me try
Joel Dietz cryptoapollo.io
the mars concept was one that came into us so we helped
build it out , similar to the process I outlined earlier
i think the mars map is only available on our dev server at
the moment
i think I can show a screen shot tho give me a minute
I guess we don’t have any real plans to launch other planets
but we do have some floating islands
or castles in the sky, stuff like htat
always willing to work with teams with cool concepts and
wanting to do intereseting stuff
Gold Rocket | Satoshi Club
Awesome
Jonah 🏅🎹
| Satoshi Club
A great way to
progress
Joel Dietz cryptoapollo.io
here’s the map, basically you can select your sub-metaverse
on mars with this map
it is integrated into map.metametaverse.io
Jonah 🏅🎹
| Satoshi Club
Awesome
Joel Dietz cryptoapollo.io
The main feature we are adding to it at the moment is you
can embed a screen from unreal so that you can see eveyrthing that exists
inside that metaverse
Gold Rocket | Satoshi Club
Thanks for your answers and clarification. it’s incredible
what you do
Joel Dietz cryptoapollo.io
and obviously the open sea integration so you can buy and
sell the sub-metaverses
Gold Rocket | Satoshi Club
Are you ready for the last question of this part?
Joel Dietz cryptoapollo.io
sure
Jonah 🏅🎹
| Satoshi Club
Q6 from Telegram User @ghostofcharmeleon
Hello, the Metametaverse team.
Judging by your roadmap, the initial sale of land should take place in the first quarter. There are literally a couple of weeks left until the end of the quarter and I could not find information about the lands and their value. Please tell us if you have time to meet the deadlines of the roadmap? Can you tell us more about the cost and planned value of the land?
Joel Dietz cryptoapollo.io
Yes this is basically correct, we had a date tentatively
agreed upon with opensea to do an initial land drop and metaships drop
the ships were be going to be at .2 ETH initial listing
we are still waiting from opensea to finalize date but are
suppose to have that done today
so we can announce
Jonah 🏅🎹
| Satoshi Club
Awesome dont forget to share with us
Joel Dietz cryptoapollo.io
yes i’m not sure how to share
oh here we go
loo
map.metametaverse.io/mars
mars metaverse is here
Joel Dietz cryptoapollo.io
if you want to find out about the details of the ships and
land drop it is here
basically we will announce the details as soon as we have it
all finalized
Jonah 🏅🎹
| Satoshi Club
Thank you for your Answers in this first part of our AMA
We will now like to proceed to the second part where our
users will ask you their questions directly
Are you ready for them?
Joel Dietz cryptoapollo.io
absolutely!
Jonah 🏅🎹
| Satoshi Club
Chat will be opened for 120secs
Part 2 — live questions from the Telegram community
Q1 from Telegram user @linna2568
I saw you have 25-30 full time working peoples. Are you experienced in Crypto? Do you have any more plans to add more members in your team?
Joel Dietz cryptoapollo.io
All of our executivies bridge the crypto and gaming space. Most of my experiences is in the 2014-15 era designing key projects, but I also have a lifetime as a game designer. Our other CSO and CTO have been running nft / crypto gaming stuff for the last couple years.But most of our engineers are from the gaming space only so far.about 10 from an unreal engine thing,and i think we will probably hire another 10-20 in the next month or so yes we are growing rapidly .I think our hires will be about 70% gaming / 30% crypto as far as expereiencee goes
Q2 from Telegram user @Asela1112
In which manner will the players get the $VOX tokens, Will there be reward system implemented within your metaverse to claim the $VOX tokens?
Joel Dietz cryptoapollo.io
pretty simple you get the VOX from the IDO which will on DAO Maker.or on an exchange or dex ,we have been in conversations with many.You can earn FAD in game
Q3 from Telegram user @habibi_ve
You talk about MetaMetaverse announcing a partnership every week, can you tell us a little bit about your recent partners? What have been your most important partners so far?
Joel Dietz cryptoapollo.io
We will name the exact names as we go but architectural studios, other NFT projects, 3d asset designers, and luxury brands are some of the key folks
Q4 from Telegram user @Cheriemike
Travelling on foot in the MetaMetaverse is one way users can get around ,but because it comes with its own challenges your decided to create an equipment that will enable users to do so,and that equipment is the MetaMetaverse Teleportation Portals is the shortcuts to other worlds instead of foot.So can you tell us simple terms how will Teleportation work in the MetaMetaverse platform?Since users will have their own avatars,will they have turn up the teleportation using their virtual reality device to make them feel what’s like to travel through the portals?Will it be okay to also invite others to join us in the travel?Will there also be a kind of tickets that will serve like a gatepass to travel through the portal or will users actually pay to travel in the portal like one entering a bus,taxi etc?And Lastly,can a user create a temporary or permanent portal from one location to another?Please explain Thanks
Joel Dietz cryptoapollo.io
There will be a limited supply of portals or wormholes that wil lbe made for allowing interdimesnsional shortcuts.join our telegram if you want to get more details on that
Q5 from Telegram user @josep500
Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one?
Joel Dietz cryptoapollo.io
Hmm, email meta@metametaverse.io Right now we are organized into working groups that I mentioned earlier and each working group has its own admission policy
Q6 from Telegram user @itzabhi69
I saw the contest ” MetaMetaverse is going to free drop 1000 #metaships! Metaships are upgradable and needed to travel across metaverses. ” which is a great one. Do you have plans for more airdrops or community events who will miss that?
Joel Dietz cryptoapollo.io
no this might be our only free airdrop so i suggest signing up today if you didn’t alreaedy
IS THIS PLATFORM HAVE RESTRICTIONS ON CHILDREN’S OR LIKE GROWING UP CHILDREN’S LIKE 14 TO 18 CHILDREN’S ALSO FOR PLAYING THE GAME ?
Joel Dietz cryptoapollo.io
The level 1 metaverses are restricted to family friendly content.but if you go deepr you can create 18+ content it just has t obe labeled so that parents can keep their kids safe
Q8 from Telegram user@Titanium432
I Read that METASHIP Is one of the Important Digital Assets , So Will You please tell Us More about this Important assets “METASHIP” , What Are its Exciting Features ?
Joel Dietz cryptoapollo.io
it’s basically like a race car in space.but because of the metalanguage you can upgrade it
Q9 from Telegram user @josep500
What is your top 3 thikgs for priorities in 2022 ? Could you share some plans for the upcoming year??
Joel Dietz cryptoapollo.io top 3 are PROFIT FUN LEARNING
Q10 from Telegram user @DK177
Why did you use the word META twice in your project name as META META?
Joel Dietz cryptoapollo.io
Metaverses are built with a metalanguage built with metadata.I would have used meta more than twice but not sure y’all can handle that much meta ,but basically we will be the most meta and the most fun
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Space Misfits Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Space Misfits
For more details: Space Misfits Website – spacemisfits.com Space Misfits Telegram – @Spacemisfitsgame Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
Part 1: 50 /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 50/5 users – Open chat for 120 seconds. You can post Max 3 questions. Tristan Survival Team will select 5 questions and answer them.
For more details: Tristan Survival – @playsurvival Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish Indonezia – @satoshi_club_indonesia
Part 1: 50 /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 50/5 users – Open chat for 120 seconds. You can post Max 3 questions. enVoyDeFi Team will select 5 questions and answer them.
For more details: enVoyDeFi – @envoydefieng Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish Indonezia – @satoshi_club_indonesia
Part 1: 50$ /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 50$/5 users – Open chat for 120 seconds. You can post Max 3 questions. enVoyDeFi Team will select 5 questions and answer them.
For more details: enVoyDeFi – @envoydefieng Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from ValleySwap and our guest was . The AMA took place on the 15th of March
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Gold Rocket | Satoshi Club
Greetings, dear Satoshi Club community! We are pleased to
announce AMA with ValleySwap
Pavel P
Hello Satoshi Club! Let us welcome our guest from Valley
Swap – @valleyswap
ValleySwap (The best bot owner)
And i on behalf of ValleySwap team is delighted to be here
guys
Pavel P
Welcome to Satoshi Club!
Gold Rocket | Satoshi Club
Hello and welcome to Satoshi club
Pavel P
How are you doing today?
ValleySwap (The best bot owner)
Hey, hola, halo!
I am alright, thanks. and you guys?
Gold Rocket | Satoshi Club
We are really excited about upcoming AMA with you
Pavel P
Excited to see you here with us! Pretty sure we’ll have a
great AMA!
Pavel P
Let’s start!
ValleySwap (The best bot owner)
for sure. i am ready
Gold Rocket | Satoshi Club
Introduce yourself please. How did you get to be involved in
crypto & ValleySwap
Gold Rocket | Satoshi Club
Tell us please about your position in ValleySwap
ValleySwap (The best bot owner)
ValleySwap is the team of 13 for now. Devs, marketing, mods.
As for me, i am covering marketing+mods. I am involved in every banner you see
throughout the internet, in every bad that appears with VS promotion. Together
with my dev colleagues we decided to benefir from a growing and promising
network – Oasis emerald
ValleySwap (The best bot owner)
Every team member has huge experience in his field of crypto
Gold Rocket | Satoshi Club
Is your team anonymous?
ValleySwap (The best bot owner)
the answer is yes for now
Gold Rocket | Satoshi Club
Tell us about the benefits of ValleySwap. How is it
different from others?
Pavel P
That is a short response to one of our questions
Gold Rocket | Satoshi Club
the main thing is to be able to make cool stickers
ValleySwap (The best bot owner)
Mainly it’s different because of our team’s experience. we
combined our devs skills with promotional skills of our marketing team and
managed to attract lots of attention from users. Our AMM is a unique DEX with
the launchpad. I hope tomorrow we announce our first ICO project, we really
wanted to announce it last week, but we are waiting for the audit from our
partners. Btw i can tell the name of the ICO project – gamery
Gold Rocket | Satoshi Club
Thanks for great introduction, we will have several
questions selected for the Part 1. Ready to start?
ValleySwap (The best bot owner)
yes i am!
Pavel P
Q1 from Telegram user @thisistoyin
I understand that ValleySwap is a decentralized exchange on the Oasis Emerald paratime that includes features like liquidity farming, swap and IFO. And it was stated that Yield Farming allows users who provide liquidity to earn VS rewards by locking their LP tokens in a smart contract, could you Elaborate more on these? What is the lock period of staked VS in your LP? How is these proposed Rewards Distributed? Is there a guide to which Beginners could easily relate to in other for them to Provide Liquidity And also Learn about it? Can you also chip in about Details regarding your Gas Fees with regards to Yield Farm And Swapping of Tokens within the Oasis emerald paratime? Thank you”
ValleySwap (The best bot owner)
Thanks! There is no vesting, there is no lockup. We’ve
collected most details on our gitbook – docs.valleyswap.com. gas fees on oasis
emerald are extremely low! that’s what will benefit most users that accept our
AMM and launchpad in long term!
ValleySwap (The best bot owner)
Gold Rocket | Satoshi Club
Thanks for sharing
Pavel P
Satoshiclubbers – please join the gitbook to know more –
docs.valleyswap.com
Gold Rocket | Satoshi Club
Do you want to add something or can we proceed to the next
question?
ValleySwap (The best bot owner)
actually the question is too long, but the answer is simple,
i’ve provided it
Pavel P
Let’s see the next question now!
Pavel P
Q2 from Telegram user @victorogb
Going through your tokenomics information and trying to understand the economics around your native $VS tokens, I discovered that you will allocate an initial supply of 2 million $VS tokens, where approximately 500,000 $VS will be burnt. Firstly, can you briefly explain the rationale behind the initial 2 million $VS tokens? Also, over time how much more tokens will be released, and what will be the tentative total supply of $VS? Finally, can you briefly outline some of the economic and platform utilities of your native token, what sort of operations, rewards and benefits do they give the user?
ValleySwap (The best bot owner)
The supply of VS token is not limited. As we offered,
currently we provide burns with 100% of AMM earnings and our arb bots earnings,
but we will come out with an automatic burn mechanics before the end of the
year.
As for VS token itself, we will provide more utilites for
it:
1) our ICO projects will have VS pools with nice APRs
2) After we conduct first 10 ICOs we will start a new ICO
mechanics that will include VS token in it
3) We are working on adding VS token to a respected CEX
and we are working on ValleySwap promo 24/7!
Gold Rocket | Satoshi Club
Well… really ambitious plans…
Gold Rocket | Satoshi Club
Тhanks for your great answers
ValleySwap (The best bot owner)
we are also listing ValleySwap dex on cmc, so the volumes
will be tracked there. hopefully soon
Pavel P
Where will the users be able to buy VS token? Which DEXes?
One of the features that support decentralized trading offered by ValleySwap is Initial Farm Offerings (IFOs). An Initial Farm Offering is an event that allows users to purchase new tokens from new projects. What common features does it have with launchpads? You also say that this offer is limited in time and the number of coins available for purchase. So, what are the main requirements for participation and amount of distributed tokens? Does it depend on the amount of ValleySwap token held? Thank you!
ValleySwap (The best bot owner)
Well mainly projects’ founders take over the rules for their
ICOs. We mainly focus on correct and healthy tokenomics, contract audit made before
the ICO start.
And we won’t charge any project any fees for the first 10
ICOs at our launchpad!
Pavel P
Do you already have a schedule for upcoming ICOs?
ValleySwap (The best bot owner)
Oh man, i am having some hard time with it. We ought to
start an ICO for the project called gamery this week. We are waiting for their
contracts to be audited before ICO starts.
Gold Rocket | Satoshi Club
Of course safety first
Pavel P
I see! In any case, I’m pretty sure it’s a question of time
now
Gold Rocket | Satoshi Club
Indeed
Thanks for your great answers
ValleySwap (The best bot owner)
yes it is
Gold Rocket | Satoshi Club
Ready to proceed to the next question?
ValleySwap (The best bot owner)
i will do my best to start it within 1-2 days
yes
Pavel P
Q4 from Telegram user @ghostofcharmeleon
Hello, ValleySwap team.
After studying your project, I wanted to try it in action. Unfortunately I don’t use CEX platforms. Please tell me how I can migrate my stems to buy native toxin $VS from third-party networks? How many commissions will I have to pay and how difficult will it be to transfer them from, say, BNB chain?
ValleySwap (The best bot owner)
we are the DEX for the moment! VS token is the native token
of DEX!
our DEX operates on oasis emerald paratime – EVM comaptible
network. and to be able to bridge some funds to it you can use our official
bridge partner – EVODeFi bridge
they operate within 15 networks (like BNBchain, Polygon,
avax, cronos, ethereum, solana, tron, fantom, moonriver, gnosis, etc…) and
they charge 0% fee for bridging to Oasis!
they charge 0.1% for bridging from Oasis
Gold Rocket | Satoshi Club
By the way, what guided you in choosing an oasis emerald
Gold Rocket | Satoshi Club
Oops
Gold Rocket | Satoshi Club
you answered my question
Thanks
Indeed, the benefits are obvious!
Ready for the next question?
ValleySwap (The best bot owner)
yeah
Pavel P
Q5 from Telegram user @jameslekan664
It is interesting to have found out that there is no form of Sign Up or KYC on the Valley swap platform as a user can just connect his/her wallet and begin to trade. I’m quite confused as to tagging this as either an advantage or disadvantage. Don’t you think this may pose some disadvantages as bad actors may use this opportunity to launder illicit funds?.. What security strategies does your platform then has on ground to cover up for the vacant KYC/SignUp process? How will you ensure that investors/users funds are protected?
ValleySwap (The best bot owner)
frankly, i don’t get the sense of the question. what kyc
does he want in our defi world? as for our contracts – those are audited by
tier1 audit company Paladin. Our AMM contract is also being audited right now,
and Paladin will come out with the review within 1-2 days. If speaking aboyt
our launchpad, we will require audits
Pavel P
So, everything is much easier here! Wait for the audits to
confirm ValleySwap is 100% and TRADE!
ValleySwap (The best bot owner)
our usera have been trading for the month already
and they are happy with their experience
Pavel P
Great! One more prove that the community should not waste
their time!
ValleySwap (The best bot owner)
we are a DEX – decentralised exchange
Pavel P
Perfect! Let’s see the last question of part 1 now!
ValleySwap (The best bot owner)
let’s do that guys
Pavel P
Q6 from Telegram user @highpee
Your token started with an initial supply of 2,000,000. However, it is an inflationary designed token with an emission rate of 10 $VS/block. Why do you prefer this type of token design rather than a token structure with a maximum supply? In addition, you said that you will use AMM fees and arbitrage bot’s earnings for buyback and burn. How do you use arbitrage bot for earning and how frequent will your buyback and burn event be carried out?
ValleySwap (The best bot owner)
i’ve already covered some of that question, but i will give
more details for sure! for the moment all funds earned from either amm fees or
arb bot earnings are collected for buybacks. after we buyback we burn tokens.
usually a burn is planned once a week before we develop automatic burn
mechanics
Gold Rocket | Satoshi Club
this is wonderful. share with us your useful links to social
networks before we open a chat
Once we close it back please choose 10 questions to answer
Part 2 — live questions from the Telegram community
Q1 from Telegram user @highpee
Can you explain the issue surrounding your project use of EvoDeFi and some issues that has been raised as it concern an EOA address having access to asset stored in this contract? Is there any relationship ason to be worried or are this just handiwork of fudders or detractors?
ValleySwap (The best bot owner)
Hi! Thanks for reaching our. As i tried to explain lots of times, we picked evodefi as one of the top bridges for stables/btc/eth. Their owners have passed rugdoc KYC (rugdoc.io is a very trustable source for defi world). And all funds on evodefi are completely SAFU
Q2 from Telegram user @Meta_ji
There are many Launchpads available in crypto market right now, so why projects should choose ValleySwap to launch their token?What’s the Main Benefit?
ValleySwap (The best bot owner)
The answer is simple: it’s the top OASIS launchpad for the moment. and we will keep developing and promoting our launchpad.
Q3 from Telegram user @Rozielyna
What is this contest all about? How can I Join the ongoing Contest?
Do you still have plans to list on Gate io or are you trying to get listed on other CEX? If yes Can you name the exchange if possible? How you are planning to expand your ecosystem? What are you doing to gain your audience to support you?
ValleySwap (The best bot owner)
Hey. yes, i am trying. i am also supposing mexc.
Q5 from Telegram user @hridoybosss1
Do you have Whitepaper if yes, please share it with as secondly do you have plans for pre-sale? Now where can we Join it?
Will Holders of the $VS token Participate in Governance and voting on ValleySwap Platform?
ValleySwap (The best bot owner)
Hi! YEah! We have that planned for Q3 2022. We will update our docs concerning more details of governance.
Q7 from Telegram user @messilolz
Do you have any plan to be public in the near future? Will you stay anonymous for forever?? Is there any possibility of doing voice chat with you?
ValleySwap (The best bot owner)
We’ll think over a voice chat, why not? we will stay anonymous for a while, but a voice chat can definitely be held. for example, a voice community ama. let’s keep it in mind!
Q8 from Telegram user @RahulAmbani5
Why did you Choose Oasis network to develop ValleySwap? What unique features did you find on Oasis network that made you choose that?
ValleySwap (The best bot owner)
Hi! Oasis will explode this year. and we together with our coomunity wNT to be among the early comers!!!
Q9 from Telegram user @Gemshunter22
It is very risky to trust on anonymous team project where many project rug pull and scams. How can investor be sure project is safe for investment? What has your project done to make it safe and legit to gain investor trust?
ValleySwap (The best bot owner)
i will just randomly pick the last 2. tier1 audit. that’s the answer to your question!
Q10 from Telegram user @Amalia_233
Would You Please tell me About the $VS Staking and Farming Pools , To Join the FARMING POOL and STAKING What I have to do and Tell me Some Staking benifts ?
ValleySwap (The best bot owner)
The best rewards are provided for staking our native token. But we have the great stable pool also! Just bridge your stables to get 30% APR!!!
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:
Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Sougar Bounce and our guest was . The AMA took place on the 15th of March.
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Jonah 🏅🎹
| Satoshi Club
Hello Dear Satoshi Clubbers Welcome to our AMA session with
Sougar Bounce
Robocop | Satoshi Club
Today our special guests is @NRay84
Welcome to Satoshi Club!
Jonah 🏅🎹
| Satoshi Club
Hello @NRay84 welcome to Satoshi club
Jonah 🏅🎹
| Satoshi Club
Hello welcome
Navin Ray
Hello everyone ,
Its a pleasure meeting all of you. Thank you for hosting
this AMA
Jonah 🏅🎹
| Satoshi Club
We are Glad to have you here
How is your day going?
Robocop | Satoshi Club
Welcome to Satoshi Club @NRay84, how are you today?
Navin Ray
Its going well. Just a little bit hectic our Sugar Streams
beta went live a couple of weeks ago and
its been very exciting
Jonah 🏅🎹
| Satoshi Club
Exciting
Let’s start our AMA
Navin Ray
Sure
Robocop | Satoshi Club
We are so excited to do AMA with Sugar Bounce
Lets Start !
Jonah 🏅🎹
| Satoshi Club
Can you please introduce yourself to us how you got into
crypto and how sougar Bounce started?
Navin Ray
I’m Navin Ray. I am the CEO
of SugarBounce. I used to work in the adult industry for more than 10
years.
As with most crypto enthusiasts, my journey also started
with the OG – BTC. It was about 2017 when I got acquainted with Bitcoin, then
invested a little bit and then spent a lot of time reading about blockchain and
crypto currencies and realized how the adoption of this technology in the
industry I was working in would change the way the adult industry runs.
Two of my devs are from my previous organization. I have
known them for a while and when I told them that I would be starting this
project, they decided to join me on this journey and that is how SugarBounce
was started.
Navin Ray
Done
Jonah 🏅🎹
| Satoshi Club
Great Background
How many people do you have working on this project?
Robocop | Satoshi Club
Thats great background and experience !
Navin Ray
We have a total team of 10 people in house and another 10
working on a contractual basis. We block chain developers , streaming
engineers, designers. Our Head of Talent – Sabien , Head of Outreach – Diana
and Coach for models – Genny are all current Cam Models. If you see, this is actually the perfect team
with the right set of skills to ensure the success of our project SugarBounce.
Robocop | Satoshi Club
That’s a great team ! by the way what is Sugar Bounce ? can
you introduce to us ?
Navin Ray
Sure.
SugarBounce is an ecosystem
of 6 different platforms which will bring all kinds of online adult
entertainment under one roof. It is a merger of two worlds: adult and crypto.
The platform is geared towards making the lives of people working in the
adult industry better and will bring in an amalgamation of P2P streaming, IPFS,
and NFT Tech to bring a never-seen -before experience to viewers.
Navin Ray
Done
Robocop | Satoshi Club
Thank you for the great introduction !
Jonah 🏅🎹
| Satoshi Club
Thank you for the
introduction
We will like to dig in further with our community questions
are you ready?
Robocop | Satoshi Club
Are you ready for the part 1 for 6 question from our
community?
Navin Ray
Absolutely lets go for it
Robocop | Satoshi Club
Q1 From telegram user @victorogb
When it comes to projects with contents built around themes of NSFW entertainment, users and particularly investors are kin to know the kind of artists/models, contents and products put out by such projects. On the backs of this, SugarBounce will offer its Streams dApp, which is said to already have 100 models unboarded, is developer tested and will include other premium features. Dwelling on this, can you briefly guide us through some of your models and sort of services that will be offered, and how was SugarBounce able to successfully unboard 100 models? Are there plans to add more? Also, asides your models and the contents they offer, how can a user optimally benefit from your Sugar Streams dApp, what other DeFi feature is incorporated therein?
Navin Ray
Well to start with we have a lot of award winning or
nominated models like Arthur Eden , Ashley Ace , Sara Croft , Barebackpackers
and even Sabien Demonia who apart from being a cam model is also our Head of
Talent. As to how we went about getting these 100 models , its relatively
simple we already had contacts in the adult industry and when we spoke to the
models about the platform they all decided to put their faith in our platform
and join up. We also offer models a signing bonus and a streaming salary to
join us and have ads out in most of the adult industry publications so the
models see that and approach us directly as well. The plan is to have as many
models join the platform as we can there is no limit on that.
Models and their content are the main feature of Sugar
Streams but for users who stake $TIP on https://app.sugarbounce.com/ get access
to exclusive VIP features on the platform and invites to exclusive events that
we host.
Jonah 🏅🎹
| Satoshi Club
So do you currently have an opening for interested Models to
reach out to you?
Navin Ray
We do and I am happy to say more an more models are reaching
out to us everyday
Robocop | Satoshi Club
That’s great Thank
you for your answer !
Jonah 🏅🎹
| Satoshi Club
Great
Thank you for your Answers
Let’s proceed to the next question now
Robocop | Satoshi Club
Q2 From Telegram User @GracieEne
You said your goal is to empower content creators with the tools to develop and distribute their contents to the masses using the Sugar Ecosystem. Can you enlightened us more about these tools? How will you go about empowering content creators using these tools? Are there specific skills you want to teach them? You also said that top creators who bring maximum amount of traffic and revenue to SugarBounce will be rewarded. What are some of the mechanisms creators can use to bring traffic? In what ways will they be rewarded?
Navin Ray
We are introducing the models to crypto, a world where they don’t have to be
discriminated at the hands of banks and payment processors , a world where they
have NFTs backing their content so they can have ownership of it and get
passive income even after the leave the industry , a world where their anonymity is protected
and a lot more. These tools will empower them and usher in a huge change in the
adult industry.
Models can use their considerable following on social media
to bring in traffic or use affiliate links that they can post on blogs and
other places which bring in more users. They get a direct fee on every new user
that they bring to the platform
Jonah 🏅🎹
| Satoshi Club
This is Impressive
Thank you for your Answers
Do you want to add anything to this?
Robocop | Satoshi Club
Thank you for the answer, are you ready for the next question?
Robocop | Satoshi Club
Q3 From Telegram User @meml97
One of the biggest problems the Adult Industry has faced since its beginnings is the piracy and poor copyright protection of the content. However, I saw that this is one of the problemas SugarBounce will try to solve with its platform, can you tell us more about it? How will you be able to fight against content piracy? How will you help creators on the platform protect their work? What kind of security systems to protect their copyrights will you implement in SugarBounce? Speaking of which, I was wondering, will this copyrights only belong to creators or will SugarBounce receive some rights from their work being on your platform as well?“
Navin Ray
We have DRM for this. DRM is Digital Rights Management. It
works by restricting playback of a file solely to users who
have authenticated with a third-party DRM license server.
DRM accomplishes this by including, or packaging, a DRM header in the segments
of the file. The DRM packaging includes the information required to contact the
license server and any encryption
information needed to play a file. In the Sugar
Architecture, the video is transcoded and then sent to a trusted DRM service
provider to become secured. This is then sent over to our CDN where only
authorized viewers are able to view the video. We will be backing all their
content with NFTs so models have ownership of it at all times.
Jonah 🏅🎹
| Satoshi Club
So was DRM developed by sugar finance and what is the CDN
all about?
Robocop | Satoshi Club
Do we possible to trade buy/sell Sugar Bounce NFTs ? do you
have your own NFT Marketplace ?
Navin Ray
Well there are DRM software already available that you can
integrate but if need be we will develop our own.
Jonah 🏅🎹
| Satoshi Club
Great
Navin Ray
Sugar Markets is going to be our NFT marketplace which we
will launch at the end of the year where anyone can buy sell NFTs and not just
normal NFTs but also utility NFTs
Jonah 🏅🎹
| Satoshi Club
Thank you for your Answers
Let’s proceed to the next question
Robocop | Satoshi Club
Impressive!
Thank you for the answer ! do you want to add something or
we can go to next question?
Navin Ray
I am good we can move on.
Robocop | Satoshi Club
Q4 from Telegram user @highpee
You said that your token model is different from general token design as it is based on actual performance of your platform which would allow you to increase total token supply based on certain Key Performance Indicators (KPIs). Can you explain more about the mint-and-burnt attribute of your contract that can cause additional tokens to be minted on a monthly basis? What are these KPIs that you evaluate to justify continuous monthly minting of token and who approves the minting of token into circulation as your platform grows? How will you be able to strike a balance between inflationary token supply and achieving a healthy token supply to maintain value? Lastly, how are you sure these window will not be exploited to mint several copies of your token which may later be dumped on the community?
Navin Ray
What we have come up with is a performance-based token,
$TIP, where we linked token generation with token adoption. So only and when
there would be models onboarded on the platform there can be any kind of token
generation into the ecosystem, otherwise, there would be no tokens that would
come into the ecosystem other than that available for private sale and crowd
sale. As per our data from our work in the adult industry every model brings
with them 1000 to 2000 unique users to the platform. So every model that we
onboard is not only bring new tokens but also holders of those tokens.
$TIP is a completely deflationary asset. Our maximum supply
is fixed to 199 million tokens. Its in the smart contract so no tokens would be
minted beyond that but the maximum supply may or may not be reached if models
don;t come to the platform. Also from upto 25% of the net profits we will be
buying back and burning tokens so the supply of the tokens is always decreasing
and can never reach the maximum supply. Its purely deflationary.
Jonah 🏅🎹
| Satoshi Club
Thank you for your detailed answer
Robocop | Satoshi Club
Thank you for the detail answer
Jonah 🏅🎹
| Satoshi Club
Let’s proceed to the next question now
Robocop | Satoshi Club
Q5 from Telegram user @Xusuo
It takes my attention that SugarBounce have VIP feature for their member, but what makes VIP feature really special and exclusive? Can you please mention here all benefit if we join VIP access in SugarBounce? also what should a user do or what are the requirement for join into VIP access SugarBounce?
Jonah 🏅🎹
| Satoshi Club
By the way Satoshi Clubbers their will be a surprise at the
tail end of our AMA
Pour in your reactions to this post
Navin Ray
Well VIP features include private messaging , access to
private shows , cam 2 cam features and invites to exclusive metaverse parties
and real live ones as well.
We will like to proceed to the last question for this part
are you ready?
Navin Ray
Ready
Robocop | Satoshi Club
Thank you for the answer, let’s continue to last question
from part 1
Robocop | Satoshi Club
Q6 from Telegram user @thisistoyin
“Hello Sugar Bounce Team.
It was quite interesting to see that One of the reasons you decided to launch with Sugar Streams is that users of adult cam sites actually go through the process of buying tokens to tip performers. & I Understand that your Token $TIP is A Necessary Requirements for Everyone who wants to Use your Platform, and that you will have payment options for both Normal users and Crypto users, but the privileges for people using $TIP as payment will be far more than that of the normal users. Hence, i would appreciate it if you could give Clear Elaborations on these two type of Users inormal & Crypto Users) in your ecosystem, & What Sort of Incentives or Benefits does the Normal and Crypto Users possess? And how can we easily buy the $TIP token? Thanks
Robocop | Satoshi Club
Yes ! Satoshi Clubber love surprise . Don’t miss this opportunity !
Navin Ray
Well once we open for the normal public and have both normal
modes of payment for normal users and payment in $TIP for holders of our token
the pricing for both would be different as in holders of our token would get
discount pricing and higher level of access than normal users. We are hoping
when people see this more an more normal users would end up buying $TIP to pay
because who doesn’t like a good deal
Chat will be opened for 120 secs and our users will ask you
their questions directly, are you ready for them?
Robocop | Satoshi Club
Thank you ! Now we will open chat for 2 minutes and then
chat will be closed –
you can start select 10 best questions !
Part 2 — live questions from the Telegram community
Q1 from Telegram user @TarJan208
What are the criteria & Eligibility to signup on your platform? How will You verify all the Personal Infomation & background of the Artist?
Navin Ray
We do a comprehensive KYC for all models and performers signing up on the platform to ensure no underage models join the platform. You have to be above the legal age to join the platform that is the sole criteria.
Q2 from Telegram user @Lestmarisv13
SugarBounce’s native engagement pool has over $2.9 million TIP staked, which has been amazing to see how people actually believe in the project. Can you tell us more about the SugarBounce staking program? What are the requirements to access this program? Advantages?
Navin Ray
A) Staking $TIP is quite simple. All you have to do is:
Go to: app.sugarbounce.com and Connect your Wallet
Select the pool of your choice and enter the amount of $TIP you want to stake
Click on Deposit, a MetaMask pop-up window will appear – follow the instructions to complete the transaction.
After successful completion of the transaction, your $TIP tokens will be locked into the platform for the duration of the period selected and you can earn APRs of upto 250% As for our VIP stakers – Users who stake in the VIP pool will not only get access higher APR but also will be able to get premium features on the upcoming Sugar Streams dApp.
Q3 from Telegram user @Akira236
Platform has onboarded 1000+ Performers on Sugar Streams Platform, In Coming times, what number would you like to to Reach? Have you set any target?
Navin Ray
Well we have right now onboarded 100+ models but eventually the goal is to have as many models as possible. Just a small example a project in the traditional realm that launched about seven months back has over 7000 models now. So if done right there is a huge upside to the number models that we can onbaord.
Q4 from Telegram user @munishgmr
Have You planned to Collaborated with Popular Adult Artist? Or Is there any Collaboration already done?
Navin Ray
We have kiki Minaj , Blondie Fesser and Alix lynx already onboarded as ambassadors and some even more bigger names on the way
Q5 from Telegram user @DEZPOV
What is the minimum I have to spend to buy $TIP tokens? What benefits will I get if I hold the $TIP token? and can you tell me at which exchange the $TIP token is available? Can you give a brief about this?
Do you consider the importance of community feedback/requests when developing your product to come up with new ideas for your project? Many projects fail due to the lack of understanding of the target audience and clients. So, who do you think your ideal customer is for your product?
Navin Ray
Yes we do. Anyone from the community any user or even performer can send their feedbacks to team@sugarbounce.com Our ideal customer is anyone who enjoys watching adult content online which I can confidently say most adults
Q7 from Telegram user@AMAl111222000
Is your Project a local and a global project. How many People do you have for non english user? Can anyone uses your services from anywhere in the there are any restrictions of using your service?
Navin Ray
Our project is global . We have different language models on our platform like french and german and plan to have separate rooms for all such users
Q8 from Telegram user @K2ice
I learnt that OnlyFans are already seeking to to branch out from adult contents. This means that one of your competitors is already out of the game. What do you see to this? How best will you make use of this advantage? And is it possible also for Sugar Bounce to branch out of adult contents later in the future?
Navin Ray
OnlyFans seeking to branch out is a huge oppurtunity for us. We have already started to reach out adult content creators who feel betrayed by this. Sugar Pals will be a content agnostic platform, we will never discriminate on the basis what kind of content the creators put out.
Q9 from Telegram user @MCBTrade
Most of the crypto projects are projects that move a traditional system to the blockchain field. Therefore, they have to both develop in the crypto space and attract customers/users from the traditional space to their platform. We are the people who believe that the concept that we define as the “traditional area” will disappear over time and that it will be completely switched to the blockchain system. But a much larger audience is still far from crypto. How did you analyze this table and how did you attract people who are interested in adult content to your platform? In this process, has blockchain given you an edge over your
Navin Ray
Well adoption is what most projects are looking to do because the only way to ensure your project is successful is to have normal users switching over. As i explained earlier there will be discount pricing and more access to convert people to crypto users but yes blockchain definitely gives us an edge over all the competitors in the traditional realm
Q10 from Telegram user @Super Man1000
The community is an essential resource for every project. How are you going to educate the community that the Sougar Bounce project you offer them is long term? Do you have the funds and a strong team to be able to develop this project in the future?
Navin Ray
We try to by showing development, our roadmap our vision. Any good protocol takes a little time to mature and there are always people looking for overnight success but i think almost all community members understand that real growth only comes with long term holding that is why we so many stakers in our VIP pool
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:
