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. Apeiron Russian Team will select 5 questions and answer them.
For more details: Apeiron Russian – @ApeironOfficialCommunity 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 FantOHMand our guest was. The AMA took place on the 14th of February
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Robocop | Satoshi Club
Hello Satoshi Club community ! We are pleased to announce
today AMA with FantOHM
Pavel P
Welcome to our first AMA of this week!
Robocop | Satoshi Club
Today our special guests are @thefantohmdr @bazinga500
Welcome to Satoshi Club!
thedoc
hey there everyone, thanks for having us!
K Bazinga
Hey, great to be here.
Pavel P
Welcome to Satoshi Club! How are you doing today?
Robocop | Satoshi Club
Hello @thefantohmdr @bazinga500, nice to meet you !
thedoc
going well thank you, it’s been a long day!
Pavel P
Just started for me! So, it’s more to come this Monday!
thedoc
hah nice, very late here it’s actually Tuesday right now
Pavel P
And hope to know more about FantOHM during the next hour
or more
Robocop | Satoshi Club
yes, very excited to do AMA with FantOHM right now
Pavel P
Let’s start!
thedoc
should be a good one, my fingers are ready
Pavel P
Please introduce yourself, how have you got involved in
crypto and how FantOHM started?
thedoc
Well i am one of the co-founders of FantOHM, and i am a long
time crypto enthusiast. I had my first bitcoin in 2013 and i still hold that to
this day. The last 5 or so years i have been spending time every single day in
crypto, investing or researching new projects but it was not until early last
year that i began to be involved in building.
thedoc
we started FantOHM at the end of October last year and we
were the 2nd Olympus fork to launch on Fantom Opera
Robocop | Satoshi Club
Wow you already in crypto space since 9 years ago, its
really great experience
thedoc
Our lead dev had the idea to fork OHM contracts much earlier
than that but we had a lot going on so had to wait. would have been great to
launch earlier and i can only imagine if we had done so.
Yes, i am a tech nerd and bitcoin and crypto really appealed
to me from the very beginning. i knew about bitcoin when you still had to go
into a real bank to deposit cash into an account to get some
thedoc
a long time
Pavel P
Time is money everywhere, especially in crypto!
thedoc
totally, crypto moves very quickly and can leave you behind
in a heartbeat
Pavel P
So what FantOHM is all about?
Robocop | Satoshi Club
And how about your partner @bazinga500 ?
thedoc
Hah yes of course!
well we probably would not be here if not for @bazinga500
tbh, he has been a real asset to our project and has bought a huge amount of
real life start up knowledge and operational experience
working in a startup is not the same as your regular office
job
And working in a crypto startup is an entire level up on
that
It’s not easy, imagine going to work and having anywhere
from 500 to 1500 people standing around your desk telling you how they think
you should be doing your job? investors have unprecedented access to the team
unlike anything in the real world
Pavel P
I think the fact that you understand it is already a half of
success!
Robocop | Satoshi Club
Yes, we can understand the situation , its
really difficult
thedoc
So @bazinga500 has helped us setup the internal structure to make sure we can deal with anything that gets thrown at us and that we can keep delivering and shipping product no matter what is going on external to the project
Robocop | Satoshi Club
FantOHM have such great team , by the way how big are your
team?
thedoc
including mods, we are over 30 people
Pavel P
Dream team!
thedoc
We grew a lot over the last month
And we still have need to grow even more
We started with 6
Pavel P
Are there are still a bunch of opened positions – you still
hire, right?
oh and one more, i also curious with this, what is FantOHM?
can you introduce to us ?
Pavel P
Who knows, maybe there are some enthusiasts to join your
team among Satoshi Club community!
thedoc
We are, at our core, a rebase project based on Olympus. Our
primary product at launch was bonds. If you do not know what a bond is, it is
basically buying the FHM token at a discount with certain assets that we offer
on the site, DAI, FHM-DAI LP etc and in return you get the FHM vested to you at
that price over a period of 5 days (very simple explanation there).
Early on, it was clear to us that we had the opportunity to
innovate beyond the standard fork and introduce new products to generate
revenue for the treasury and value for our holders.
Holders of rebase tokens generate income through staking.
bonding and staking are the core of the 3,3 game theory introduced by Olympus.
if we have product that adds value to the treasury, increasing the runway, and
showing investors that there is good reason to invest, then we are doing our
job well.
thedoc
it is important to note that we have moved away from the
just another fork of olympus tag
As we have seen over the last month, some real turbulence in
the market relating to rebase projects
So we are aiming to deliver product that takes us further
from a fork, into a spork (not a fork or a spoon but better than both things by
themselves)
We believe we have already achieved this
Robocop | Satoshi Club
Thank you for the great introduction @thefantohmdr
@bazinga500. We have collected 6 community questions from Satoshi Club
community,
ready to proceed?
Thedoc
sure thing!
Pavel P
Q1 from Telegram user @ambbobb
Going through your website I could understand that FantOHM DAO has expanded to the Moonriver network through the creation of segregated FHM clone linked via Wan-Bridge, but you gave a diagram that illustrate the basic coin structure overview on Treasury which contains four categories of OHM Forks: Network coins; LP Pools; and Stables, can you briefly explain these categories to us because how does this information applies to each network’s FHM protocol individually and are these branches of FHM built to work in concert?
thedoc
There are two parts to that question, cross chain and the
other being treasury management and investments
We were the first fork to go cross chain with our moonriver
release
It’s one thing to do that, but we took it a step further by
unifying two completely separate protocols that are essentially unaware of each
other by bridging the FHM token via wan bridge
This results in a global supply
As FHM from fantom can be bridged to moonriver, and once
converted to the FHM native to moonriver it can be then used on the protocol
that side
that had never been done with an ohm fork
You can bridge freely between the two, and you might have
reasons to do this such as higher APY or You want to get exposure to moonriver
and its ecosystem
The second part about our treasury management
The Treasury management document that we delivered last year
which is basically our white paper, needs a little bit of an update. Mainly due
to categories that are potentially obsolete, say Olympus forks. Essentially,
however, the strategy has not changed.
Our treasury is our biggest asset and we need to make sure
that it has enough sustenance to continue to grow. With Moonriver and Fantom it
means we have two logically separate Treasury’s. We hold different assets in
different in the different treasures and the assets that we do hold. Are you
know native either to say Moon, River, river or Fantom. But in potentially we
have some of these assets held outside of those, on chains such as ethereum or
binance smart chain. What you see on the UI is the result of all of those
assets being gathered together and displayed in a unified way, no matter where
they are. So I think it’s important to know that we’re not stuck with just
fantom opera or Moonriver projects, we are investing in different projects from
all blockchains.
Our UI is very customised and can display all the
information we need via contract interactions, API and The Graph
(sorry for long
answers!)
Robocop | Satoshi Club
Thank you for the detail answer, btw did you already do
audit ? and how is the result?
thedoc
We have now had 3 audits completed on various parts of the
protocol
Our FHUD contract is audited by spadetech and techrate
Pavel P
Thank you! Good to know the bridge works well!
thedoc
we have also had our 6,6 contracts audited by Hacken
that is not released yet
Robocop | Satoshi Club
Thank you, security and safety is always main priority
Pavel P
But the code was confirmed to be correct, right
thedoc
Yes we have had the results, and review after some minor
alterations
that audit will be released when we get that product out
Pavel P
Thanks for very detailed answer! Let’s proceed to the second
question!
Pavel P
Q2 from Telegram user @UniqueVicky
According to your roadmap, this February you plan of rolling out 9,9 i.e a unique adaptation to the protocol that allows lending but not in the conventional way and on March you also plan of rolling out a feature of lending/borrowing i.e different lending structures to the traditional 9,9 or further lending/borrowing options than 9,9. can you explain to us the key features of this 9,9 lending protocol? Why do you name it 9,9? How is it different from the conventional lending protocol we know? Also you want to further enhance this lending option of 9,9 on March, how will the features of the lending/borrowing different from 9,9 lending protocol? And what advantages or benefits will users derive from it? Please kindly explain their features?
thedoc
When the roadmap was designed 9,9 was still very much in an
active phase with regards to Time Wonderland on the Avax network and Spartacus
on the fantom network.
Fast forward to today we have seen the consequences of this
structure in a bearish general crypto market. As we know time wonderland no
longer is the powerhouse that it once used to be and Spartacus is in a similar
situation due to the cascading effect of liquidations. Our strategy team was
aware of these types of systemic risks and wanted to carefully analyze where
the shortcomings were from a theoretical sense, without putting fhm holders at
risk. That is why we had delayed the release out by an extra month into FEB to
see how the effects would run over the time period of December and January.
Consequently, the findings were correct and thus has resulted in the strategy
team postponing the 9,9 release until further notice.
Robocop | Satoshi Club
thank you for this clarification, is there any plan to
recreate the roadmap ? or maybe is there any new roadmap that you can share
with us?
thedoc
Leverage can be risky, so we had to take a step back on that
one to wait for the right moment to release the right product.
roadmaps in crypto are taken with a grain of salt as they
are bound to be obsolete very quickly
thedoc
(i don’t like them)
Pavel P
Agree with you – but it gives at least the vision of future
plans
Dates can be revised anytime
Robocop | Satoshi Club
Haha ,yes hate if not on time, user always get mad
thedoc
totally that’s right
Pavel P
Thank you for your answers! Ready to see the 3rd question?
thedoc
hit me
Pavel P
Q3 from Telegram user @Meta_MateX
You say that your community will be rewarded to executing or participating in specific tasks. As far as I get, this will be done through DAO. Could you explain the main principles of its functionality including the distribution of funds? Please also talk about the emergency allocation – the reason of holding it, when and how it can be used and how does your DAO manages its distribution. Thanks in advance!
thedoc
There’s a few ways that one may be rewarded in our project
initially we had a bounty system where we offered payments
for small development tasks, our stat bot for eg is one of these
Robocop | Satoshi Club
Oh bounty event , do you have link about this? and how about airdrop?
thedoc
Otherwise you may be an integral part of the community, and end up being rewarded for your time or ideas submissions
It was something that we had running at the start, but not so much any more. that being said, if i feel the need then there’s no reason to not offer a bounty for this type of contract work in the future.
We had no airdrop, and do not plan on it.
If you were a very early discord member you would have seen me flinging FHM around a bit to get the server running (boosters etc)
Those guys would be sitting pretty if they staked that from that date until now hah
regarding the emergency allocation
There is an emergency allocation, that we do have set aside
for things like potentially stabilising the FHUD liquidity pool or when we did
have 9,9 on the horizon it may have been useful then. If we do need to dip into
it, you know that all goes into a transparent accounting, but if we don’t then
those funds will just get placed back into the treasury.Our treasury management
guide outlines the details of these allocations.
Thank you for the detail answer, its clear for me, do you
have any additional question @Pavel_Jarosh?
Pavel P
I’m ready to see the next question if @thefantohmdr is ready
thedoc
go on
Pavel P
Q4 from Telegram user @einsteinyl
FantOHM already create 2 token $FTM and $FHUD. But actually I only understand that $FHUD token is a stable coin that pegged to $1 USD. So would you please introduce to us what are all functions from $FTM token and $FHUD token? What makes the stablecoin $FHUD different than other similar stablecoin for example maybe USDT, USDC and why its special?
thedoc
FHUD is our in-house algorithmic stable coin and it is
developed specifically with our protocol in mind. Everything about it is aimed
at increasing our treasury value and improve value to investors.
With v1, we introduced the proof of burn concept which is a
deflationary mechanic that burns the non circulating supply in our DAO wallet.
This unlocks that value which is sitting there idle in the DAO and enables us
to put it to use by swapping out the stable assets in the Treasury and making
investments which we then return back to the Treasury.
This is not possible to do with a stablecoin we do not
control.
We cannot mint DAI or USDC
It’s important to note that this is not just printing
unlimited money, there is a limit and we do not just print at will.
Robocop | Satoshi Club
so this is mean FHUD is not tradeable, right?
thedoc
we burn the FHM in the DAO to create FHUD which gives it its
intrinsic value
Now FHUD is tradeable
on Beethoven X
Pavel P
Could you also share your tokenomics?
thedoc
we released v 1.5 of FHUD last week with the launch of a
$10m FHUD-DAI pair
FantOHM is a Multi-chain Decentralized Reserve and Revenue Protocol, not just another copy-paste OHM fork that is built on Fantom Network. Rather, you aspire to reshape the way investors think about financial services, financial products, and the distribution of profit. You are solving the problems of ever-increasing inflation and the limitations of traditional finance. Please tell us What has your journey through 2021 been like, what are you accomplishments so far? What are some of the existing problems faced in the crypto world and how were you able to fix those problems? How do you intend to grow the FantOHM ecosystem? What are someone the innovations we should expect from the FantOHM network before the year runs out?
thedoc
great question
thedoc
We launched at the very end of October last year and have
had a very interesting few months.
initially, these projects would launch in a kind of
bootstrapping or treasury building phase where collecting as much treasury
funding as possible is the primary objective
This introduces challenges, although you would think that
having a huge treasury really quickly would be great it means a great deal of
dilution has occurred.
this is a unique problem for these forks
so we have not only to learn these lessons, but to adapt to
them to take control of the protocol so we can get the stability we need to do
what we really want to do
we are always looking for gaps in the market ,and are not
often seen doing what others are doing
it is very important to us that we have a protocol that can
withstand all the crypto seasons
and to do that, we might need to develop product that links
back to our treasury from the outside
it’s a very big world, and crypto is really very small
Pavel P
Great that you plan on the long run!
thedoc
Tapping into the global markets at scale is a primary goal
Well once you start one of these things there is really no
stopping!
you can’t stop
Pavel P
It’s called – addiction!
thedoc
well, committed
Pavel P
Let’s continue with the last question of part 1!
Robocop | Satoshi Club
Thank you for the detail answer
Pavel P
Q6 from Telegram user @chinyere2020
Stakers can stake their $FHM tokens on FantOHM website to earn rebase rewards but some individuals buy $FHM then stake those $FHMs only to sell immediately after the rebase. This hurts all other FantOHM stakers and causes excess dilution and negative price action, therefore, you decided to introduce a feature called “Warm up”. Can you give more details about how this feature works? How does the “Warm up” feature protect the FantOHM platform and other stakers from the excess dilution and negative price action that can be caused by the activities of rebase sellers?
thedoc
Warm up feature is a protection against rebase hoppers that
used to just go in before the rebase, stake, get the rebase distro and then
then unstake and sell on the market. This was causing lots of pain to our
investors and added a signification sell pressure. We also do have a video that
explains the issue and how we solved it. Its very simple, now when you stake
there are at least 2 epoch periods before you can withdraw your rebase rewards.
It was rife among rebase tokens at the start due to the
different epochs
It’s very simple, now when you stake there are at least 2
epoch periods before you can withdraw your rebase rewards. you are still
accumulating rewards when the sFHM is sitting in the warmup contract (not in
your wallet) and when you claim you get your staked about plus all rebase
rewards owed. For more detailed info here is a handy video.
So, let’s get ready for the storm of LIVE questions from our
community!
thedoc
thanks for having me on there
Robocop | Satoshi Club
Don’t forget to join Satoshi Clubber for the new update from
FantOHM
thedoc
not sure what to expect for this next bit
haha
Robocop | Satoshi Club
Are you ready for the biggest storm of question in Satoshi
Club ?
@thefantohmdr @bazinga500
thedoc
lordy lord
Pavel P
No worried. We open chat for 120 sec – when we close it back
please choose 10 questions to answer!
thedoc
ok great
let’s do it
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Wong2008
What is your plans exactly to keep the juiciest APY?
thedoc
This one is relevant.
We still have a very high APY of about 200k% and we plan to keep this for as long as possible. it is, very large and comparing us to other projects, we are arguable the best ROI. it is no accident that this is the case, we have very carefully managed treasury and DAO and it is all in the name of FHUD
Q2 from Telegram user @Sourava12
I am Very Eager to know about the BONDING MECHANISM which You have Launched and How You have Planned to Maintain FHUD pegs to $1 ?
thedoc
This one related to the recent v1.5 release of FHUD. we have new bonds that will help maintain the peg for FHUD. as a partially collateralised algo stablecoin, it relies on tokenomics to maintain peg. if a user ccan buy at $1 from the UI and sell it above peg for a profit, that is a successful trade and it also helps shift the peg closer back to $1.
likewise the other way, you may see the peg below $1 on beets, and you can sell this back to the protocol at $1 via the bond so you buy it and help move the peg back to $1.
we have the underlying bonding contracts available to us, so we have just built on that.
Q3 from Telegram user @chronic36
How many members currently make up your team? Are you hiring, looking for new members for the reason to expand?
K Bazinga
We have approx over 30 people in the team working. We are actively looking for talented people to onboard our team, you can find more info here: https://www.fantohm.com/#careers. Fantohm DAO is just at the begginng phase of its expansion and thus we plan to grow several times the number of people we have.
Q4 from Telegram user @vabbe1238eid
Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
thedoc
We do not at this stage. buy backs in a bearish market are a waste of money. you can see other projects doing this but they never stick as the sell pressure is far too great. instead, we build and deliver product through these periods and show investors that we can do that and build the treasury at the same time. if the token price is so far below book value, it’s a sign of an undervalued stock and a very good buy. treasury value to market cap is a good indicator of that.
Q5 from Telegram user @barisbektas1
I realized that FantOHM DAO accepts Clandestina NFTs and will put them up for auction, so what are the main reasons FantOHM DAO expects for this move? Will we see different NFT studies from FantOHM DAO platform?
thedoc
Clandestina was a move we made to continue the narrative of innovation we started. it’s a utility nft that gives fractional ownership of a secret network validator node and we own 1% of the total supply. this is a revenue stream for the treasury. we do have one that we will auction off soon, i can’t tell you exactly when that will be but it will happen
Q6 from Telegram user @captainprice111
Can you tell us in simple sentences about your miracle that has achieved high returns with FantOHM DAO’s Healthy APY and 5-day ROI? Do you have financial analysts and market-experienced team members in FantOHM DAO’s team who are constantly examining the macro and micro economic factor?
K Bazinga
We are one of the few projects that in December started looking at the market and got ahead of the curve as we knew that we needed to innovate in order to keep growth. While other projects dropped APYs and sank. Our strategy team of highly experienced financial & actuarial analysts with decades of experience between them decided to take this issue head on and prepare for this. Thus we came up with the proof of burn concept. More detailed info on this can we found here.
I read that FantOHM is run by an anonymous group of dedicated developers, strategists, advisors, and crypto veterans united by a passion. But really why have they decided to be completely anonymous? Don’t you think this will give users doubts about investing in their project? or do you have any way to guarantee that they are trustworthy?
thedoc
We are all anon yes, some internal doxing but otherwise anon. when we launched it was not a huge cry from investors to dox or kyc, but as we progress it may become something we need to do. there are moments in crypto when things are great, but there are times when they are not. it’s during those times you would wish you were not a public figure.
Q8 from Telegram user @Manzanog
Can we really only buy OHM on SpookySwap right now? If so, then do you plan to list it on multiple other exchanges? If so, which ones would they be and for what date do you plan?
thedoc
we have LP on spooky only for FHM, but we are also now on beets for FHUD. we may add new LP on beets for different pairs relating to FHM and FHUD. you may also see other places that you can use FHM and FHUD in the near future.
While Reading about the FantOHM, I Encounter With the PROOF OF BURN MECHANISM, Frankly Speaking , I have not heard of this Mechanism, Could You Please tell me More about this Mechanism ?
K Bazinga
Yes why not. There is a lot of information in our discord engagement chanel and also in our WIKI. For more questions regarding that you can always drop in our community and get to know more about it.
Hello FantOHM, I would like to know what happened with Crystal Ball and why it does not appear? can you explain why they removed it?
thedoc
Yes. The Crystal Ball/Calculator has been removed from our site. In many ways it created a false narrative about a single possible scenario that we could not guarantee so we decided to take it down. We felt that was the most responsible thing to do. The team has had many discussions about possible improvements to make it better but have not been able to devote development time to doing so. We understand many like it but have found that there are non-FHM versions (both graphical and spread sheet based) online that you can use.
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 Harmony Launcher and our guest was . The AMA took place on the 11th of February
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Jonah 🏅🎹
| Satoshi Club
Hello Dear satoshiclubers welcome to Another AMA session
We are pleased to introduce our guests from Harmony Launcher
@HarshadWagh_Backup @Ankitkalra_one
Hello welcome to Satoshi club
Harshad Wagh || Harmony Launcher
Thank you. We are very much excited for this session. and
interact with the esteemed members of this community.
Pavel P
Welcome to Satoshi Club!
Jonah 🏅🎹
| Satoshi Club
We are glad to have you here
Pavel P
So as we are! Glad to see you here today
Jonah 🏅🎹
| Satoshi Club
How are you doing today?
Harshad Wagh || Harmony Launcher
I am good how about you
Jonah 🏅🎹
| Satoshi Club
I’m doing fine..
Harshad Wagh || Harmony Launcher
Likewise !
Jonah 🏅🎹
| Satoshi Club
So let’s start our AMA
Pavel P
Let’s go!
Harshad Wagh || Harmony Launcher
Bring on the fire ! WE ARE READY
Jonah 🏅🎹
| Satoshi Club
So can you please introduce yourself to us how you got into
crypto and how Harmony Launcher started
Harshad Wagh || Harmony Launcher
Sure
I am Harshad Wagh, Harmony Launcher Cofounder( $HARL),
With regards to my Education Background Have done my
engineering in electronics major.
Started off as a software engineer in omnitech in 2014
Then held a position as a big data analytics developer in
core logistics (2016–2018)
Alongside was amazed by the emerging blockchain tech
acquired this skill and started freelancing as a blockchain dev in 2016
Then joined the block pool as a full-stack blockchain
application developer in 2020. Was closely associated with top launchpads on
solana both as an investor and as a tech contributor, felt the need for a
strong infrastructural platform to give necessary exposure to projects building
on harmony and harmony ecosystem itself so started off harmony Launcher 8
months back with my dynamic co-founders Ankit and Prashant.
While my crypto journey started along with my professional
journey way back in 2014. and since then there’s no turning back. Getting into
this scenario early surely has helped me in developing one of our most prized
product harmony launcher.
Jonah 🏅🎹
| Satoshi Club
Impressive Background, I also did a Major in Electrical
Electronics Engineering
Ankit kalra || Harmony Launcher
Admin Never DM First
I’m Ankit Co-founder HarmonyLauncher I started as an Engineer
about few years ago. Have worked with numerous tech companies and got into
blockchain & crypto in 2017, started my journey arbitraging crypto market
by buying bitcoin and etherum in 2017 and then went on to really study software
management systems , play to earn games ,various protocols and now i have 5
year experience in building blockchain products and have built a platform that helps people to
build and launch crypto projects on our platform and I am really excited to have everyone be
part of it.
That is impressive! You see – all the roads lead you to the
crypto!
Jonah 🏅🎹
| Satoshi Club
Welcome to Satoshi
club Ankit!
Jonah 🏅🎹
| Satoshi Club
So what is Harmony Launcher all about?
Pavel P
WOW! And this is called – recognition! Congratulations!
Ankit kalra || Harmony Launcher
Admin Never DM First
Also Prashant our cmo holds full stack blockchain marketing
Expertise has previously worked with tier a blockchain
marketing firms , besides this we have Alex head of operations who has
previously worked with tezos eos and Clv
And a sweet team of 15 professional blockchain developers.
Harshad Wagh || Harmony Launcher
Basically Harmony Launcher is a launchpad based on Harmony
Network.
At harmony launcher, we aim to build world decentralised
fundraising platform facilitating igo ido IMO and inos as well
Despite this, we have an incubation vertical under which we
aim to accelerate project growth by acting as a catalyst and aiding them in
Fundraising
Marketing
Developments
And numerous other things under our incubation division so
far we have partnered with genesis shard, rebaked and hello capital (
early-stage backers of Polkadot and lit and numerous other projects) and have
got them to set up 1.2 mil dollar fund collectively to incubate projects in
their earliest stages.
Jonah 🏅🎹
| Satoshi Club
This is great and Exciting, We will dig further into Harmony
Launcher with our community questions, are you ready for them?
Pavel P
And why have you decided to get the launchpad and not any
other crypto product?
Jonah 🏅🎹
| Satoshi Club
After this
Harshad Wagh || Harmony Launcher
Firstly we have immense faith and confidence on Harmony
chain, due to its scaling EVM and multi chain interoperability.
Harmony network was lacking the launchpad and we believe
that harmony protocol is the sleeping giant ready toexplode, in order to make a
stronger foundations and also helpe fellow developers programmers and users to
bring out their projects we felt harmony can be the best bet and trustworth
netowork. Launchpad as to continually grow the ecosystem on harmony and we both
Ankit and me have closely worked on certain blockchain projects hence in order
to support the ecosystem we decided to bring the HarmonyLauncher !
Jonah 🏅🎹
| Satoshi Club
Thank you for the introduction . So are you ready now to
proceed to community questions?
Pavel P
Thank you!
Harshad Wagh || Harmony Launcher
Sure let the river flow thru the dam
Harshad Wagh || Harmony Launcher
PLeasure is all ours
Pavel P
Q1 from Telegram user @Billz120
I read on your website that one of your use cases is to eliminate the possibility of unfair allocations methodology within the De-FI ecosystem with Harmony Launcher’s core products. Can you substantiate this claim by mentioning to us any of such unfair allocations methodology within the De-FI ecosystem which Harmony Launcher intends to eliminate? Explain to us about your allocation tires? What is it’s use case? What determines what a person gets by the allocation tires?
Ankit kalra || Harmony Launcher
Admin Never DM First
Our main aim is to eliminate the possibility of unfair
allocations methodology within the De-Fi ecosystem with Harmony Launcher’s core
products.
Regarding features: Harmony incubator platform would make
sure all the funds startups raise would be stored in a secure escrow guarded by
a custodian contract.
Harmony AMM DEX will facilitate an insurance protocol so
that liquidity providers will have their funds secured and any impermanent loss
will be avoided. Also the projects that will be launched will be carefully
vetted and reviewed and also curated at early stages that will be launching on
Harmony Network. We want to work together and make steady progress by including
everyone of our supporters and users in the functioning of our launchpad and
incubator. We also have arranged lots of goodies and community oriented quizzes
for our members and supporters. Stay tuned to our announcement channels and do
follow us on all our social media pages.
Jonah 🏅🎹
| Satoshi Club
Loads of impressive features here
Btw How many people do you have working on this project?
Pavel P
That’s a reminder to our community – to follow Harmony
Launcher official links not to miss important news!
Harshad Wagh || Harmony Launcher
We are a team of 15 plus members. This makes our team a
strong foundation and alongwith this the backing of 50 plus VC’s and great
support from harmony this project is bound to touch the sky. Also to add
multiple partnerships and associations with several blockhain organisation, we
are closely working together in order to bring the best of crypto and
blockchain world.
Jonah 🏅🎹
| Satoshi Club
Thank you for your answers
Ready for next question?
Harshad Wagh || Harmony Launcher
Sure
Pavel P
Q2 from Telegram user @chinyere2020
I found out that there is an ongoing whitelisting campaign for the upcoming IDO of your native token ($HARL) which started on the 8th of February and will end on the 14th of February. Can you give more details about this? How can interested users participate in this whitelisting campaign? What are the requirements that participants must meet to be eligible for this campaign. How many participants do you plan on whitelisting through this campaign? I also found out that there are other events under this campaign which include; “1.2 Million $HARL Airdrop” and “100 Series A NFT Airdrop”. Can you also give some information about these events? How can users get a share of these ongoing airdrops?
Harshad Wagh || Harmony Launcher
Each participant must complete a set of tasks given in
accordance with the whitelist campaign to be eligible and the top inviters
would stand a chance to win a share amongst the 1.2 Million $HARL tokens and a
Series A NFT.
The winner of series A NFT and the winners of 1.2 Million
$HARL tokens will be announced all together.
Here are set of tasks to be completed;
Phase one
Enter Email or Login via Twitter.
Enter your Multichain/ Metamask Wallet Address.
Enter the OTP.
Successfully Login to the platform.
Phase Two
Retweet the mentioned Tweet and Enter your Twitter ID
Follow Us on Twitter & Enter your Twitter ID
Join our Telegram Announcement Channel
Join our Telegram Group.
Share your referral Link to invite more participants.
Harshad Wagh || Harmony Launcher
The whitelisting process is basically simple one and each
participant is bound to recieve tokens in one form or other so its a win win
sitaution for all the investors.
Harshad Wagh || Harmony Launcher
For more details do visit our channel and medium page
Jonah 🏅🎹
| Satoshi Club
Thank you we will be on the lookout
Pavel P
That’s a great guide from everyone interested in IDO.
Jonah 🏅🎹
| Satoshi Club
Do you want to add anything or can we proceed?
Harshad Wagh || Harmony Launcher
We may proceed
Pavel P
Q3 from Telegram user @sunny_steel
I know that the weak point of some launchpads is their direction only on organizing IDOs and by this promoting the projects they list. However, every project is a long run and the assistance should not be limited here. As far as I understand your product Harmony Incubator would provide assistance in all possible aspects such as providing business and operational support, assistance in crafting tokenomics and other financial aspects, providing graphical assistance etc. Do you also consider a post launch support as this is a direct interest in future investors using Harmony Launcher? Please talk about the resources you can dedicate as I have noticed only 3 people in your team right now. Thanks!
Ankit kalra || Harmony Launcher
Admin Never DM First
We have raised 1.7 mil ~ at a valuation of 12 mil in our
private rounds and aim to raise an additional 240k in the public sale via
hosting triple ido on genesis shard firestarter and our own platform
Are you focusing on market for now or on building a strong
user base and partnerships?
Ankit kalra || Harmony Launcher
Admin Never DM First
Alongwith this We have developed a self sutaining ecosystem
of harmonylauncher which includes MEtaverse and NFT’s. In order to fund this
the HARL token can be used. Also certain percentage from each project sale we
have alloted it for marketing, development and after launch support for other
projects so all in all we are like a close knot together growing this ecosystem
of decentralised economy
Jonah 🏅🎹
| Satoshi Club
Thank you for your answers
Harshad Wagh || Harmony Launcher
Our focus is mainly on buidling strong user base as its what
makes the project fun to work on and make interactive development for the
users. As told esrlier the primary focus of $HARL is to bring in the Metaverse
NFT onto harmony and make $HARL a currency of HarmonyLuancher ecosystem
Pavel P
Agree with you! A strong community is indeed a driving power
of future success!
Jonah 🏅🎹
| Satoshi Club
Thank you for your great answers, Ready for the next
question now ?
Ankit kalra || Harmony Launcher
Admin Never DM First
Yeah sure
Pavel P
Q4 From Telegram User @iceVermithraxx
Harmony Launcher is the world first decentralized launchpad to feature the concept of IGO & IDO on the Harmony Blockchain but not only that you also incorporated Harmony Incubator and Harmony AMM DEX. Can you explain on security measures and checks put in place to ensure that all projects that launches on Harmony Launcher are safe for all users? Can you elaborate on the Harmony Incubator and how it works? What are some benefits of Harmony Incubator to Projects? Lastly, can you also explain on how the core function of the Harmony AMM DEX to the Harmony Launcher ecosystem?
Ankit kalra || Harmony Launcher
Admin Never DM First
We are fully audited by a reputable audit firm. our Smart
contract has SUCCESSFULLY gone through manual code review, static code analysis
and security checks against threats using sophisticated tools by a reputable
audit company . Apart from the escrow system we have insurance protocol ready
and also heavy vetting plus regards to Tnc before listing rest assured all funds
will be safe within the harmony launcher ecosystem
Jonah 🏅🎹
| Satoshi Club
Can you mention, with what companies you have done Audit
with?
Ankit kalra || Harmony Launcher
Admin Never DM First
Also DAO governance which will be launched within 3 months will help in to achieve this feat of the bestand interesting projects.
Moving forward we aim to incubate strong infrastructural
projects on harmony blockchain,
we’ll have assistance from our advisors and backers in this
as well , alongside our team will reach out to fundamentally strong projects
that are being granted by harmony under their ecosystem grant program &
offer them opportunities to utilise our resources to get the necessary exposure
Jonah 🏅🎹
| Satoshi Club
Thank you for your answers
Pavel P
When you talk about the support from advisors and backers,
could you also share the list of project partners. Have you adopted any
strategy on that direction?
Ankit kalra || Harmony Launcher
Admin Never DM First
These details will be released soon on our website. We are
waiting for some approvals with legality. Rest assured things are in order and
audit will be published
Harshad Wagh || Harmony Launcher
Our backers include but not limited to
Cathy Zhu China head Casper labs
Waleed Rasuli md tezos
Nikolus kost ex harmonyYuen Wong ceo of labs group
Lary shi founder basic capital
Jef & Justin Maven capital
Demelza director cointelgraph
Evan Luthra Advisor and angel investor Yash ceo of acknoledger
Apart from this we have support from Rebaked, Genesis, Hello
Capital and few others.
Jonah 🏅🎹
| Satoshi Club
Ready to proceed now?
Pavel P
Some huge names!
Harshad Wagh || Harmony Launcher
Yeah sure
Pavel P
Q5 From Telegram User @Cheriemike
Harmony Launcher are also developing DAO governance system so that the Harmony Launcher becomes totally decentralized and community driven.So for an effective function of the DAO,have you created a smart contract behind the DAO?To participate in a DAO,it is usually done through the ownership of a token.So what are the criteria set to participate in your system DAO?And for projects proposal to pass,how many votes can they get from stakeholders to pass the proposal?Will users also decide on the future of your projects or will they just pass votes to projects who wants launch on your platform?Please kindly provide detailed information about your DAO and when it will commence.Please explain Thanks
Harshad Wagh || Harmony Launcher
Yes we are community driven and will always hearken to the
voice of our community. In immediate Future our plan is to launch DAO
Governance Model and make the launchpad a complete Decentralised Platform.
Smart contract is ready. And yes ownership of the token is mandatory for
putting up proposal. More minute details will be released upon launch.
Stakeholders will have a say on this for sure as to which prjects to be
allowed. As of now DAO Governance model will be deployed within 3 months of the
platform launch.
Jonah 🏅🎹
| Satoshi Club
Do you have a minimum required holding for proposals?
Ankit kalra || Harmony Launcher
Admin Never DM First
At this time we can not disclose this thing we would reveal
the informatoin regarding the minimum holdings and other proposal requirements
after the launch of our project.
Jonah 🏅🎹
| Satoshi Club
Totally understood, Thank you for your great Answers
Pavel P
Thank you! We understand!
Let’s proceed to the last question of Part 1!
Pavel P
Q6 From Telegram User @victorogb
I will love to place particular emphasis on your social communities and the fast paced growth experienced across these channels. Knowing that the project is still in its infancy with rounds of coordinated developmental activities taking place, can you properly guide us on how Harmony Launcher has been able to amass such following and engagements, how have you been able to adequately scale community numbers to a hundred thousand plus members and counting? How instrumental is your marketing and promotional approach at achieving such milestones? As a project, what are your concerted long-term growth plans and targets, and what role will your community play in meeting these targets?
Harshad Wagh || Harmony Launcher
Very nice question. With respect to makereting we have our
usual marketing things going on. apart from this we have quizzes and are into
organising seminars webinars across blockchain events in future. Also with
respect to long term growth plans we have our utility token $HARL marched into
being a multidimensional use case such as
1. Yield Farming ( Users stakes $HARL tokens to earn other
coins)
2. Staking: you stake or lock your $HARL coin and earn more
$HARL tokens
3. Earnings from liquidity pool.(Add to liquidity pool &
earn/share trading fees.
4. Lottery. You buy tickets with $HARL tokens and win
amazing prizes.
5. Play games to earn Cryptocurrencies. Other projects
donate coins to our pool to gain a larger community as people adopt their
tokens. Our users play games freely and receive those tokens.
Other than staking and farming and project allotments. the
utility of HARL will be beneficial in acquiring premium range of NFT cards, and
likewise.
We also plan to use that token in metaverse as mode of
currency especially for the harmony metaverse projects and gaming alike.
This self sustaining ecosystem on Harmony launcher can
easily bring about revolutionary change in patterns for “HODLING” the
token as we cater to bring about new and exciting projects and continual
developoment on the launchpad as well with the premium features offered.
Harshad Wagh || Harmony Launcher
Done
Pavel P
Thank you for very detailed answer!
Jonah 🏅🎹
| Satoshi Club
Impressive
Thank you for your Great Answers in this first part
Pavel P
Before we proceed to the second part of our AMA, please
share useful links with our community
Thanks again for this great 1st part! Now, we are moving to
the most exciting one – LIVE questions from Satoshi Club community.
Harshad Wagh || Harmony Launcher
Very much excited for this
Pavel P
We will open chat for 120 seconds for the storm of questions
to come. Once we close it back please choose 10 questions and kindly asnwer
them
Please do not answer questions during the storm
Harshad Wagh || Harmony Launcher
Ok thank you
Harshad Wagh || Harmony Launcher
NOted
Pavel P
Are you ready now?
Pavel P
Opening chat in 5!
Part 2 — live questions from the Telegram community
Q1 from Telegram user Anonymous Crypto
Many projects have problems with UI / UX and this one turns off new users. How do you plan to improve the interaction with new users and with users outside the crypto space?
Harshad Wagh || Harmony Launcher
We have desinged our UI in such a way that even non crypto users can interact. Owing to our main aim of bringing metaverse to harmony, we are more inclined to include all the folks onto the chain hence our designing team is working profoundly in order to provide great and ease of operations for the novice users as well.
Q2 from Telegram user Richard Holland
Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds, scams and rug pulls? How strongly built are your security put in place?
Harshad Wagh || Harmony Launcher
Yes audit has been done. Regarding security we have allocated seperate funds for this and also work on insurance protocl is being carried out.
With respect to security, We’ll act as an secure escrow and funds will be unlocked on completion of milestones and secure sufficient liquidity for investors on dex and cex infact we’ll be the mms of all projects hosting ido on us another t&c
As we unlock funds raised via us to projects in milestones part of it will be locked securely to safeguard from rugs and uncertain conditions.
Q3 from Telegram user Roger Lum
What is HarmonyLauncher target market, how many communities do you currently have,can you tell us if you have any plans to boost adoption globally or if the project is intended only for certain countries,either way,how will you reach the largest number of users you want to reach?
Harshad Wagh || Harmony Launcher
HarmonyLauncher is targeting all eligible countries and markets. We have multiple launguage communities whcih you can find on our group. To boost global adoption we have planned NFT cards, Gaming and metaverse on our platform and also the multi utility of our token will help to include users from gaming to lottery to investors. so all in all we have included everyone !
Q4 from Telegram user Max Holland
As a launchpad, can you reveal the main benefits of “HarmonyLancher” project to help projects have early and accessible adopters? How are “HarmonyLancher” marketing strategies oriented to be sure you can complement and optimize community response times for quality projects?
Harshad Wagh || Harmony Launcher
Main benefits of HarmonyLauncher is the launchpad on Harmony Network. which is fastest and cheapest eth scaling network. With repsect to makreting we have included all leading media outlets and KOL’s as well as influencer to pitch in on our porjects. For the quality of projects they are heavliy vested right from nascent stages, and with strong support of $HARL and Our Advisors rest assured they will be successful for their vision. We also have DAO in plans for the launchpad.
Q5 from Telegram user Ghost rider
What are your upcoming plans for the community and as well with the ecosystem?
Harshad Wagh || Harmony Launcher
In upcoming 3 months
We would wish to acquire the following milestones
-cex listing
-our dex test-net launch
-our dex mainnet launch
-migrate onto our dex completely
-offer really attractive lp reward after dex is live
-incubate at least 5 projects via our network and platform
-shift onto dao structure.
For community we have quizes referal gaming and lottery as well
Q6 from Telegram user Harsh Saini
IS This Your project only for elite investors, how about others with small funds, is it open to everyone ?
Harshad Wagh || Harmony Launcher
We believe in communities inclusion our tier system are designed in such a manner we can cater all kind of investors and also we’ll have community tier for all those who cannot hold tokens but can do certain tasks to get into fcfs community round. And there are certain tasks which users can perform and get chance to get into allocations.
Q7 from Telegram user Munish ₿ 🇮🇳
Having Sustainable Tokenomics is really a headache for many projects, How will Harmony Launcher Ensure that you have sustainable and solid tokenomics?
Harshad Wagh || Harmony Launcher
Regarding token economics we have locking periods for the seed sale investors also we are open to buy back programs as to sustain the HARL ecosystem. And certain steps are in process to bring the necessary stability for tokenomics. So we are fully confident that our tokenomics is going to be the pioneer amongst the leading platforms.
Q8 from Telegram user @arek1129
Currently from where i can buy ? Is it possible that I can get only by holding it?
Harshad Wagh || Harmony Launcher
We are hosting triple ido on genesis shard firestarter and our own platform.
Q9 from Telegram user @beerskit
What can I do with the NFT’s I get from your platform? Where can I sell them?
Harshad Wagh || Harmony Launcher
By holding Certain NFT’s one can get guaranteed allocation in projects and also the marketplace is being developed for trading nfts on harl platform.
Q10 from Telegram user @curiosoAMA
Many game projects are not interested in launching only their token, but also their NFTs. Harmony Launcher will also have INO services for these clients? Or maybe in the future?
Harshad Wagh || Harmony Launcher
Yes we certainly have these services as we are concentrating on bringing gaming and metaverse onto harmony, and HarmonyLauncher is going to be the catalyst in providing such services for these projects.
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 Сryptotoday and our guest was . The AMA took place on the 10th of February.
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Mary | Satoshi Club
Hello Satoshi Club!
We are happy to announce our AMA session with Cryptotoday! Welcome to Satoshi Club
Gold Rocket | Satoshi Club
Greetings, dear Satoshi Club community! Today our guest is
@m1cx0.
MislavC
Hi everyone
Gold Rocket | Satoshi Club
Nice to e-meet you! How are you doing
Mary | Satoshi Club
Welcome to Satoshi Club
Mary | Satoshi Club
How’s going?
MislavC
I’m great .Thank you
Hope you are ready to hear some awesome stuff about
CryptoToday
Mary | Satoshi Club
Sure
Gold Rocket | Satoshi Club
Yes! We are honoured to have you here today
Let’s start! Introduce yourself please. How did you get to
be involved in crypto & Сryptotoday
MislavC
I’ve been in crypto for a long time, and the team invited me
because I’ve been in marketing for a long time. I immediately noticed the
potential of the project, and I have no doubt that every member of the
community will immediately understand what the benefits of the project are and
what is inside for them
Gold Rocket | Satoshi Club
Tell us please about your position in Сryptotoday
MislavC
I am the CMO, and I am responsible for marketing activities
and explaining to the community why CryptoToday is the next big thing.
Gold Rocket | Satoshi Club
Give us a brief introduction to the project. What is the
essence of Сryptotoday
MislavC
The essence of CryptoToday is the vote2earn feature and
bringing power back to the people. The current centralized platforms do not
provide enough transparency, and we are fighting against that. We will have
fair launch on March 7th
In other crypto listing and aggregating sites you either pay
a big amount of money to agencies to help you get listed in a few weeks or you
wait sometimes for several months.
On CryptoToday the process of listing takes up to 108 hours
and all fees paid are going to the community. Also, to earn those rewards the
community has to fact-check all provided details by the project that wants to
get listed, so the project also gets a big community exposure.
Gold Rocket | Satoshi Club
Also we would like to know more about your team. Who is on
the project team core?
MislavC
Every member of this team is listed on our website and the
whitepaper with their respective LinkedIn accounts or any other credentials.
The development team is very experienced as you can probably tell from our
whitepaper. The core members of the team are well experienced in the blockchain
space with many successful projects behind them while other team members are
experts in their own fields and their knowledge and experience, as well as
their passion for this project will definitely help us deliver on our promise.
Gold Rocket | Satoshi Club
Thanks for great introduction, we will have several
questions selected for the Part 1. Ready to start?
MislavC
Ofc, let’s go
Gold Rocket | Satoshi Club
Q1 from Telegram User @Modrumz120
You also mentioned that the top 1% most efficient voters will be named OG voters. OG voters protect the community against scams and bad actors. Can you elaborate more on how a user can be able to quantify to reach the stage of the top 1% most efficient voters stage and what will be The requirements needed for users to be able to participate in to quantify for the top 1% most efficient voters? You also mentioned that these top 1% will be named OG voters, Can you please tell us more on the OG voters and how they aid in protecting the Crypto today community from scams/cyber attacks and bad actors? What are other use case of the OG voters in the Crypto today eco-system? Thank you.
MislavC
Currently we are in the last stage of our backend
programming which will follow every wallets (users) vote history.
In order to become an OG Voter you will have to have a
successful run of 50 consecutive votes and be in the 1% of the best to be
considered an OG Voter. We will take into account how much you vote and what
your overall % of successful votes is. The OG Voter is just like any other
voter, but the best and most educated among the bunch proven with his track
record and written on the chain.
The biggest role an OG Voter has is the REVOTE feature. If
an OG Voter detects an error or suspects foul play in a voting process he can
trigger the REVOTE feature (described in the whitepaper) which then triggers a
new voting event.
It also raises awareness in the community and in the leadership so we can all together take a better look at what is happening. There will be a lot of rewards for OG Voters and a lot of features they will have access to but I will not reveal too much at this point since we want some things to be a surprise when we come to them
What i understood about your platform was that, it is a Decentralized platform that aims to help new Projects to launch by providing all the Necessary tools for them to Carry out a Successful launch., please i would honestly like to know how you Tend to Validate This Projects before making them public? what are the Necessary steps taking to ensure that Proper checks Is being set in place so that Projects doesn’t Manipulate and take advantage the System by providing Unrealistic Informations? And you also mention that A project that wants to start a proposal on CryptoToday needs to buy tokens from your token sale investors on the open market, Does this also mean that the more Tokens you purchase, the Better chances you have in getting Listed? Since there wouldn’t be A maximum amount? i would like to know the minimum Ammount of $LIST Token projects needs to acquire before starting a project in your Platform. Thank you
MislavC
To clear something out, our platform is not a launchpad, it
is more like an aggregator of projects (something like decentralized
coinmarketcap or coingecko). Being so, we won’t help projects launch, but we
will help them get community exposure and listing on our site so users can come
and see every information about a specific project.
Validation will be done by community members, they will have
to go through all provided details and validate each one of them. Users will
get their share of the reward pool for every vote. We plan to stop
manipulations by having valued members of our community, called “OG’s”, they
will be the ones with a power of revote to stop manipulators and bad actors.
Regarding the question about “the more tokens you have the
more chances you have to get listes” , that won’t be the case. The bigger
reward you give to a community only attracts a higher number of users to vote,
it does not mean you have a higher chance to get listed because people are
incentivised to vote for a “right” decision and they will get reward regardless
if the project gets listed or not.
Minimum number of tokens to start a proposal will be decided
and set after the fair launch and later will be a subject to a DAO vote.
So, you think manipulations are impossible? People are
resourceful now
Mary | Satoshi Club
If any flaws are found after full launch are you ready to
change the system? how flexible are you in this regard?
MislavC
We will give community the possibility to vote and validate,
but OG role is here to double check everything.
We will work on upgrades and updates all the time so yeah I
would say that we are flexible. We are always listening the community feedback
and want for the community to give us their feedback in our channels
Thanks for your great answers! Are you ready for the next
question?
MislavC
Sure
Gold Rocket | Satoshi Club
Q3 from Telegram User @chinyere2020
According to your tokenomics, 60% of the total supply of $LIST tokens is set aside for “Treasury”, 30% for “Fair launch token sale” and 10% for “Team tokens”. Can you give more details about the distribution of $LIST tokens? What will the funds in the treasury and from the fair launch token sale be used for in the Cryptotoday platform? When do you plan to organise this fair launch? About the team tokens, will they be locked? If yes, for how long will they be locked?
MislavC
So 30% will be allocated to fair launch where every investor
will get the same price for a token and everybody will be in the same starting
position no matter the amount of capital they have.
10% will be reserved for team members, but the team will get
tokens after a full year of vesting. That means no team tokens will be
available before ALL of the fair launch tokens are unlocked.
60% treasury funds will be used to incentivise users of our
platform, bug bounties, partnerships and all other actions benefiting the
platform and community as a whole.
Token sale funds will be used to pay for running costs,
developers and marketing.
Fair launch will happen on March 7th on cryptotoday.com.
Сould you tell us please about your tokenomics btw
MislavC
I would refer everyone to our whitepaper on this question.
The tokenomics are quite simple and easy to understand. The use cases on the
other hand are many, we plan to scale the project as much as possible. At the
start, all token holders will have voting power in the DAO which will include
voting on listings and on all other DAO decisions and by doing that they will
earn rewards . We plan on expanding these possibilities very soon.
Gold Rocket | Satoshi Club
Thanks
Ready to proceed to the next question?
MislavC
Yes, ofc
Gold Rocket | Satoshi Club
Q4 from Telegram User @jameslekan664
You mentioned on your twitter announcements that I could join the #cryptotroopers and earn while researching and voting on crypto today. As a user who is willing to join the research team, what procedures will I go through? Can you explain the voting process to the community? What plans do you have to make sure that community members votes sincerely/correctly and not just for the rewards? What benefits is in place for users who votes correctly? Please explain the concept of “weight gain” in the DAO as related to the voting process.
Thanks
MislavC
To be a Trooper and vote on our platform you will have to
stake $LIST tokens. These $LIST tokens are essentially a guarantee that you
will be voting truthfully.
If you vote incorrectly you will lose your tokens and they
will go to the winning side in the vote process. So essentially any bad and
untruthful actors risk losing their funds which is ultimately the best security
you can offer.
And in this precise moment the whole community and
especially OG Voters come into play. All our good actors get weight inside the
platform by voting truthfully and this weight will grow as they are successful,
ultimately outpowering the bad actors.
It is up to the best of us to research and vote correctly so
we can punish bad actors even without having to start a revote process or
anything else. If you are interested in a discussion about the whole process we
welcome you in our Telegram group so we can talk about the mechanics we plan to
implement!
Thank you for your answers! Ready to jump to the next
question?
MislavC
Great
Gold Rocket | Satoshi Club
Q5 from Telegram User @Cheriemike
Concerning the Security of CryptoToday project,I read that you have 90% of the code done including the internal audit which currently on going. So when can we actually expect your Audit Report?And which security firm are you getting your audit done?Do you think the audit will be through before the launch of your project?How about having a Bug Bounty Program whereby users can report a bug/ any security vulnerabilities in your ecosystem?If yes,what is the program rules and did you set a reward for users who report a bug?Please explain Thanks
MislavC
Internal audit and QA is ongoing, after we complete that we
will announce where we are sending our code for an audit.
We will for sure apply for companies like Hacken and Certink
but we are aware that some of them take months to complete an audit so we will
apply for a few more just to make sure we have an audit done before platform
launch.
We plan to create a bug bounty program after the platform is
live and before voting starts. We will announce rules and rewards through our
social media channels and on our website so stay tuned
Great choice ,what about additional
securities? May be insurance?
MislavC
Since contracts will be fully audited we don’t think any
additional security measures are needed and we tend not to implement ones that
are leading to centralization
Gold Rocket | Satoshi Club
Thanks for your great answers.
Are you ready for the last question of this part
MislavC
ofc, let’s go
Gold Rocket | Satoshi Club
Q6 from Telegram user @Arisabela
You have a countdown on your website announcing that its launch will begin in 25 days, but whenever NFT launches, token sales and all that type of action are carried out, they end practically instantly thanks to the large number of bots and to the great whales that tend to accumulate all the assets. For this reason I would like to know if they have any way to prevent this from happening so that more users can participate in this launch?
MislavC
Actually, our launch is based on a 7 day participation
timeframe. So you will have 7 days to participate in the fair launch and
contribute.
We tried constructing the token sale system in such a way
that there is no incentive for bots to even be deployed on the token sale
because ultimately there is no upside for them this way. There is no maximum
contribution and there are no whitelists and slots.
Every user has the chance to invest. After the 7 day period
the price of the token is calculated by dividing the whole investment pool with
the number of tokens and distributed to every investor according to the % owned
in the pool. This would mean that no matter how much you invested you have the
same token price as everyone and you have enough time to invest.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Alixbella
How can the community be a part of Cryptotoday growth and help give it the momentum it needs for rapid growth? How secure will our data be on your platform and what security system do you use to be transparent?
MislavC
Community is the most important part of our platform and project.
So we want to invite everybody to join our community and spread the word.
We won’t track any user data, the only way we will recognize one user from another will be by their public address.
Q2 from Telegram user @Rosane1a88
Crypto Today is a community-driven research platform for crypto assets. What rewards will users get for successful listing votes?
MislavC
Users will get rewards for their contribution to the platform, by voting users will get rewarded, and by voting successfully their vote will be worth more, and their rewards will get bigger.
Q3 from Telegram user @JaviSuBs
Where can I buy $LIST tokens, how can I have access to buy LIST tokens, is KYC verification necessary, or a third party or just connect a wallet? With what currencies can I buy the $LIST tokens?
MislavC
The fair launch will start on March 7th on cryptotoday.com, and you will be able to contribute ETH to our pool that will be open for 7 days. Please refer to our whitepaper for more details about fair launch or join us @cryptotodaycom and one of our community managers will answer any further questions you may have.
Q4 from Telegram user @Antoni_azx
They say in their roadmap for next season that they will launch their advanced coins analytics, so could you to explain to us how this tool will work and what will be the requirements to use it? What will be the benefits that we will obtain when using this tool?
MislavC
More advanced coin analytics will be available very soon after the launch. We cannot talk about specifics, but I can give you some alpha by saying that you will be able to see what are the most popular coins based on user stats and many more useful metrics
Q5 from Telegram user @pallavikolasani_S
So many projects just like to speak about the long term vision and mission, but what are your short terms objectives? What are you focusing right now.??
MislavC
Our community managers and marketing are focused on building a strong and organic community while our business management and developers are working on platform launch and making partnerships with a project that will provide an added value to the platform.
Q6 from Telegram user @isabella_blackk
Can you tell us about the reward mechanism of the CryptoToday platform?In a conversation, you mentioned that your users will be rewarded according to the weight of the vote,so what will determine the weight of the vote?How to become a good user on your platform?
MislavC
Vote weight will be based on users’ consecutive successful votes on the platform. The more consecutive successful votes user has, the bigger the vote weight he gets and also based, and that rewards for that user will be bigger proportionally to their vote weight
Q7 from Telegram user @Nairabox
As a project owner, the listing procedure offered by Cryptotoday is very good and so are the benefits that comes with listing on Cryptotoday, what are the requirements my project must meet in order to be listed?
MislavC
You as a project owner will be considered ”lister” on our site, the detailed process is explained in our whitepaper, and if you have any specific questions, our community managers will answer them in @cryptotodaycom
But in short, you will need to provide the required amount of tokens to start a proposal for listing and provide all correct details about your project. After that, everything is on community, if all the details are correct community will probably grant your proposal in 48 hours.
Q8 from Telegram user @MyNameDaisy
Pump and dump schemes are becoming a major problem in the crypto space which needs solving, Investors hard earned money going down the drain. Could you please tell how Crypto today Token will prevent whales from manipulating the price & ensure the price appreciates?
MislavC
Our fair launch is designed to prevent bot and whales manipulations. Bots won’t have any incentive to participate as there will be no way to front-run users for allocations.
Q9 from Telegram user @shphelopen
What usecase and utilities of your token? Can I do staking for passive income benefits and what else long term holders can benefitted?
MislavC
Our token will be a pivotal point for our platform, $LIST will be used as the currency to pay for listing and as an insurance from users that their vote is submitted in a good manner.
Q10 from Telegram user @shyukii
Do you have any..
1- Telegram Group
2-YouTube channel
3- Tiktok Channel
4- Website
5- twitter
For this project? From there where can I get the latest information, what social media can I follow to get the latest Your project information?
Hello Dear satoshiclubers welcome to
another AMA session
Robocop | Satoshi Club
Hello Satoshi Club community ! We are
pleased to announce today AMA with Apeiron
Jonah 🏅🎹
| Satoshi Club
Let’s welcome our Guest from Apeiron @Frankbocheng
Hello welcome to Satoshi club
Frank
Thank you Jonah and… ROBOCOP!? Nice…
Hello Satoshiclubers! Pleasure to meet you all!
Robocop | Satoshi Club
Today our special guests is @Frankbocheng
Welcome to Satoshi Club! Frank
Jonah 🏅🎹
| Satoshi Club
We are Happy to have you here
How are you doing @Frankbocheng?
Frank
Pleasure to be here
This is how I feel right now
This is only my 3rd AMA….and please allow
me to say…
The quality of the questions asked by this
community… is on a whole another level compared with my first 2
Hats off to this community!
Jonah 🏅🎹
| Satoshi Club
Thank you for your compliments
Jonah 🏅🎹
| Satoshi Club
We have very smart and intelligent
community members
Robocop | Satoshi Club
Thank you
Robocop | Satoshi Club
Also our member really curious and excited
with Apeiron
Frank
I sure hope they are!
In my desperate gambit to prepare myself…
I have actually set up template answers for all questions LOL
Jonah 🏅🎹
| Satoshi Club
Great Let’s start our AMA
Frank
The resulting document is longer than my
whitepaper…
Frank
Lets go!
Jonah 🏅🎹
| Satoshi Club
So can you please introduce yourself to us,
and How you got involved in crypto and Apeiron
Frank
Oh wow… that’s a long one… but pls..
allow me to engage in some epic copy and paste action for this intro
Yes! Hello everyone, Frank here . Quick rundown
of my life -> born and raised in Hong Kong -> went to college in
Wisconsin and worked in Chicago for 2 years as a management consultant ->
went back to Hong Kong in 2009 to work in a private equity fund -> spent 6
years in the southern china region, investing and watching the tech and equity
fund boom there -> then in 2016, I decided to leave the lucrative buy side
and start my own digital entertainment company, one that focuses on game
development and global franchising….
So yea… I am a silly dreamer…. who
wants to create something truly fun and interesting.
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 AVARA and our guest was . The AMA took place on the 10th of February.
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Pavel P
Hello Satoshi Club and Welcome to our AMA Session with
AVARA!
Robocop | Satoshi Club
Hello Satoshi Club community ! We are pleased to announce
today AMA with AVARA
AVARA – David
Welcome everyone
Robocop | Satoshi Club
Today our special guests are @avara_david @Bouya_92i @eHensure @Maxwell @avara_wilson
Welcome to Satoshi Club!
Pavel P
Nice to see you here today, guys!
AVARA – Wilson
Excitied to be here
Bouya
Hi there thanks for having us
Pavel P
So as we are! Happy to host this AMA with Avara to get to
know your project!
Hensure Ebai
Hello, everyone…thanks for having AVARA, here
Robocop | Satoshi Club
We are also excited to do AMA with AVARA…. So lets start
our AMA
Pavel P
Is @Maxwell also joining us? I think he is not in the group
yet
AVARA – Wilson
Let me find him
Its the wrong Maxwell
Pavel P
Which one in the correct one?
AVARA – Wilson
Nvm we can start
Robocop | Satoshi Club
Oh ok then
Robocop | Satoshi Club
Can you please introduce yourself and your team.How did you
get to be involved in Cryptocurrency & AVARA?
AVARA – Wilson
I’m the Chief Strategy Officer at AVARA. I was an investor
before so I got a knowledge about crypto projects, and also I help the team in
planning the next moves in marketing and achieving our goals with AVARA!
Then i guess i will introduce my self. Welcome everyone, I’m
David the Chief Communications Officer of AVARA.
I’m the most experienced in the Binance Smart Chain, i have
been investing in the BSC since January of 2021, and i have about a 6 year
experience in the crypto space.
My duty is to connect our project with third party
influencers, projects or companies also, i’m responsible for the social media
management, event organising , and creating content for us to publish
AVARA – David
Also the The 2 devs (@avara_josh and @avara_mark ) were
developers way before this project.
Mark was and still is a Java Backend developer ~ mostly
worked with REST APIs, Spring Framework, SQL, Postgresql, Spring MVC, Spring
Boot, Maven etc. ~ Started working with solidity in early 2020.
@avara_josh is a full stack web developer. You can check out
his work here: bitduel.io (The first AVR Module)
Pavel P
Great team! So what
is AVARA all about?
Robocop | Satoshi Club
Thats really awesome ! You all have a great journey and
experience in crypto space
AVARA – David
AVARA ($AVR) is a currency in the AVARA Ecosystem, where we
created and create products, services and other things for users to enjoy and
use.
Pavel P
When did AVARA project started and at what point is the
development now?
Robocop | Satoshi Club
So far what product and services that already exist inside
AVARA ecosystem ?
Hensure Ebai
We have a modular contract that enables us to create as many
features/projects on the same contract. We also have the flexibility to add
other projects we fine beneficial to our community on our current contract.
This gives us and our holders infinite opportunity to grow in price n use case!
Pavel P
When did AVARA project started and at what point is the
development now?
AVARA – David
We started everything back in August 2021 and we came a long way without opening to the public, we mostly spent our time brainstorming, developing, and creating the business structure of AVARA. At December 2021 we finished most of the development for the first big module (bitduel.io) and we started to prepare towards the public opening. We successfully passed the CertiK audit (https://certik.com/projects/AVARA), and created our Pre-Sale on Pinksale with a KYC also.
The development for the upcoming things are still ongoing
AVARA – Wilson
Yeah we typing it
Pavel P
That was worth waiting!
Hensure Ebai
We have Bitduel, which is a game playable at our website.
There is a tutorial video present for new users at the site.
We also have the staking module recently added and plenty of
new features to come, shortly!
AVARA – Wilson
We want to give the best response what we really do so we
need some time
Pavel P
Thank you for the introduction!
Robocop | Satoshi Club
Interesting ! cant wait to know more about this….
Robocop | Satoshi Club
But before that, are you ready to go for 6 community
question from part 1?
AVARA – David
Yes, absolutely.
Pavel P
Q1 from Telegram user @Cheriemike
Looking at at your Slogan “Always Vivid, Always Rising Above” (AVARA) caught my attention and to be honest I have saved it.So going by the word Vivid,can you tell us how what you are producing or will produce will have a powerful, clear and lasting images in the minds and hearts of users?And when you say “Always Rising Above”,meaning that when any obstacles or challenges hits you will always overcome it.So tell us what challenges have you and your team faced while building this project and how you overcome it?And what infrastructure have you set up or will I say how prepared are you to deal with challenges in the ?What really inspired you to choose such Slogan and true have you keep to this words “Always Vivid,Always Rising Above” ever since you started this project?Please Explain Thanks
AVARA – David
We are confident that our upcoming products will not just
make a vivid lasting image in the minds and hearts of users, but a product that
will lead more and more users into our ecosystem, because of the creative, fun,
and dopamine rich adventure that the user can be part of by playing on Bitbot
(or for some even Bitduel.io)
Our developers are very talented (Mark and Josh), and since
our start, we overcame a lot of problems, and we have always succeeded to find
a solution or even a better, and never seen an alternative before.
We faced an issue that we know existed: How can we build a
token that can stay up to date without migration in the contract?
The solution was from Mark, who is a Java Backend developer
with excellent knowledge about Java, REST APIs, Spring Framework, SQL,
Postgresql, Spring MVC, Spring Boot, Maven, Solidity, etc.
From his knowledge, he thought about creating a modular
contract structure that will allow us to develop new features onto our existing
contract without needing to migrate the contract to another address.
Mark created the framework from nothing this took 1-2 months
to develop, but it was a sacrifice we had to take because with the framework
done, we can create new modules in just a matter of hours or days for our
investors/users.
We currently have 3 modules deployed into the AVARA contract
which are: Staking Module.
The module system also creates an opportunity for other
projects, companies to integrate code their code into our system and improve
the AVARA Ecosystem (This has to pass our review and revision to avoid
malicious acts).
AVARA – Wilson
David is good at writing books
Pavel P
So, your Slogan “Always Vivid, Always Rising Above” mostly
reflects what was done to be where you are now and how you see the future!
Pavel P
Nice to read it! So,
must admit – he’s good in that!
AVARA – David
Yes, our slogan represents what we are doing or will be
doing.
Thats why it is our slogan
Robocop | Satoshi Club
Thank you for the detail answer its really clear for me
Pavel P
Let’s see the question nr2?
AVARA – Wilson
We are ready for it!
Pavel P
Q2 from Telegram user @JesusFre1tes
It strikes me that the AVARA token is a modular contract. First of all, can you explain for us what exactly does it mean that your token is modular? How this will help you to implement new features and add new utilities to AVARA, which will help you to grow faster than anyone else? How is a Modular token, such as AVARA, different from an inflationary, deflationary or stablecoin? Thank you!
AVARA – Wilson
We can attach modules to our base contract ~ expanding it’s
functionalities without the need of re-deploying the AVR contract. The modules
can operate with AVR as their currency. We can also use our modules as interfaces
which other projects can implement and collaborate with us. We have endless
possibilities with our Module solutions
Robocop | Satoshi Club
Can you share the tokenomics from $AVR ? also what function
it have inside AVARA
AVARA – Wilson
Our fee’s
AVARA – David
There are also reflections in the tokenomics, which is only
when someone sells. Thus making the fees on sell less, and giving the
reflections to holders.
Robocop | Satoshi Club
Thank you for sharing this
Robocop | Satoshi Club
Do you want to add anything else or we can go to next
question ?
AVARA – David
This is for the BSC Network, but the ethereum network fees
will be different
AVARA – David
On the ethereum network we plan on having a 1% buy fee, and
a 10% sell fee.
Pavel P
That’s a good note to mention!
AVARA – Wilson
We ready
Pavel P
Q3 from Telegram user @Ask4unik
One of AVARA’S utility will be a decentralized NFT market place,with low commission fees offering Artist,NFT market collectors,and AVARA users to collect special Artworks ,Cards and many more to be used in any AVARA related environment.How are Artist selected to exhibit their Artwork in your NFT market place?Do Artist need an entry form to enable them participate in your platform? Would there be an Art gallery where Artist can show case their work for potential buyers? Will Artist be incentivized?
AVARA – David
Our NFT marketplace is a bit away from what we are working
on, but we would like to create a decentralized “governance” platform
where users can decide if something hurts the platform’s users or not and if
yes, they can take actions throughout votes if the said user should be
sanctioned for breaking the rules of our platform. And yes, surely we can
create an art gallery for Artists.
Pavel P
I think, you have already mentioned an audit done by Certik,
am I right? Do you plan to pass any additional audits?
Robocop | Satoshi Club
That will be great, so to participate
“governance”, user only need to hold $AVR token ? or is there any
other requirement?
AVARA – David
Yes, we have a CertiK audit. for the BSC network we don’t
plan for other audits, as CertiK is the most well known security company with a
huge reputation. But for the ETHEREUM network we plan on having an additional
audit done.
AVARA – David
I can’t give an answer to this as we haven’t started working
on the NFT Marketplace yet. But we plan on planning these things through with
the community, as we have a very creative and good community with lots of great
ideas, we just have bigger things coming first.
Robocop | Satoshi Club
Thank you for the answer , let’s continue to next question ?
AVARA – David
Sure.
Pavel P
Q4 from Telegram user @Anne_Tim
I know that you constructed the Avara HUB, a kind of Portal to your services and utilities making it easily accessible environment for the users. Avara HUB services will finaly include multiple functions such as a Gambling site – known as bitduel, NFT Marketplace, BitBot, a multi-chain Launchpad, Avara Shop, Events, Guides etc. But usually the project is built around 1 main product. What will it be for Avara? If it is a Gambling site then does it mean that the other services will be built based of gambling theme? Thank you!
Hensure Ebai
As David rightly said, this is a team that has been
listening to the community from the very start. Presale raise was lowered cos
the community requested this to prevent whales dumping. Most of the new
features like STAKING and ETH bridge are requests from the community and the
team always takes the suggestions into works. So, everything we do, will be for
the best outcome of the community and their say will matter. For potential
investors, know that u matter and ur opinion, as far as it helps the project,
matters too!
AVARA – David
Usually projects built around 1 main product is correct. But
since we can create multiple things, and improve the AVARA ecosystem with our
Modular contract we can have more and more products with time. Currently
Bitduel is themed around gambling, as it is a gambling site, but it
doesn’t mean that we are a gambling
token. We just created the first module that was a gambling site, but as you
can read we have many more things upcoming like Bitbot, NFT Marketplace, Multi
Chain launchpad etc.
Pavel P
So, AVARA is built as a HUB for everyone to find what best
suits them
AVARA – Wilson
Exactly
Robocop | Satoshi Club
Thank you to make this clarification, also at first i
thought the main product is about gambling token
AVARA – Wilson
Our biggest product will be Bitbot
When we reach the NFT communities
Pavel P
Tell us more about it
AVARA – Wilson
After the ETH Bridge, it will be huge
Sure, let me write an explainer
Hensure Ebai
Again, we would like to stress on the point that our modular
contract and creativity is infinite, thus any investor in our native token
AVARA has endless means of appreciating the value of their investment as many
more games and features are added to the ecosystem and still under the same
AVARA CONTRACT. Compared to many other projects where any new idea they create
a new contract, AVARA is different and this gives the best opportunity for the
investors to make good returns in the future!!
AVARA – Wilson
BitBot short explainer: BitBot is a CSGO Bot NFT game where
you can open cases and battle your csgo bot against someone else’s card. The different rarities on cards means
different difficulities on your BOT! Legendary – Expert, Rare – Hard, Uncommon
– Normal, Common – Easy. Also it can be opened with different weapons too, so
its an equal game even if you open a common one! After you got your first card
you can immediatly start a 1v1 duel with someone esle’s card, Or you can open 5
cards so you have a crew to do a 5v5! The matches will be streamed on Bitbot,
so you can cheer for your crew, also bet on the match. So even if you dont have
any card, you still can BET on a DUEL!
Just imagine you on Bitduel and you see case opening. You think its your
lucky day so you open a case and its a LEGENDARY NFT CARD! You see your
“crew” on BitBot, and there is your card in there. So you start a 1v1
duel with someone else’s card and he has a rare one with AK47! You watching the
stream and your NFT BOT WON!
Robocop | Satoshi Club
Thank you for the answer
Robocop | Satoshi Club
This looks exciting, since NFT games really hypes now
Pavel P
Pretty sure it will get its public very quickly
AVARA – Wilson
Yeah, we expect so much from it, it will be huge
Pavel P
Thank you for providing such complete answers!
Pavel P
Ready to proceed to the question nr 5?
AVARA – David
Yes, ready!
Pavel P
Q5 from Telegram user @ProwGrowl
I have read that Avara is planning to launch its Marketplace and Avara Shop in 2022. Unfortunately, I have not found many information about the differences between both of them. What will be presented on your Marketplace? Are you planning to introduce Avara’s NFT collection or some items to be used in Avara’s ecosystem? How do you plan to organize Avara’s shop – what crypto currencies will be accepted and will it be connected to your Marketplace?
Pavel P
You already said that NFT Marketplace is not a priority for
the moment
Let’s see the Avara shop subquestions
AVARA – David
Yes, and also the marketplace is NFT marketplace, not a real
world marketplace
AVARA – Wilson
Yes, we thought about creating a Marketplace for BitBot
cards so not only you can open the NFT-s but you also can trade it via our
Marketplace! In the future, it can be a normal marketplace for NFT-s like
open-sea, so that everyone can sell/buy their art there, and not limited to
BitBot Cards only. So the main idea behind our NFT-s is that its a card with
properties like Weapon, Rarity, Cevlar; and when you open one (or buy one from
another Bitbot card holder) and you create a duel with someone, Your Card will
be placed in the game with the same properties. Avara shop was just a concept
because a clothing company found us with an offer, and it shows how our modular
token works, they can implement our module into their payment system so that
You can buy their products with $AVR. Before concepts like this we are working
on ETH Bridge, Bitbot, and increasing our range of games on Bitduel.
Robocop | Satoshi Club
So the currency is $AVR right ? but where we can buy $AVR?
Correct avr is the token . And for now, you can swap your
bnb. true pancake swap for avr
Pavel P
SatoshiClubbers, do not waste time! As this ecosystem must
rock soon!
Robocop | Satoshi Club
Thank you for sharing, so are you ready to go to last
question from part 1 ?
AVARA – Wilson
Yeah we ready
Pavel P
Q6 from Telegram user @victorogb
AVARA recently had a successful Ethereum Deploy which provided an added layer of flexibility in transactions and operations to your Ethereum investors. Can you thoroughly explain the importance of this vital integration, and what does this mean for the multi-chain functionality of AVARA’s services and products? Should we expect to see more chains deployed and bridged in the coming months? Finally, since a lot of resources were invested (over 30 million $AVR) towards promoting your recent Ethereum deploy, can you let us how this was funded and why do you think marketing approach was the best fit for this?
Hensure Ebai
To buttress this point, i must say the first time i saw this
token “AVARA”, as an investor i was immediately “seduced”
by the name…the name is so catchy n such a thing. No wonder we were contacted
by a clothing brand for future partnership. This just keeps telling our
investors the INFINITE nature of our potentials to grow and increase the use
case of our singular token, AVARA. We have the opportunity and the potential to
create, in AVARA, one of the most use case token out there cos we have a team
that delivers results…..Staking module was done in 2 weeks, ETH bridge coming
soon in just weeks, too. Everything we say we deliver!!
Pavel P
That’s a common success – Marketing as brand positioning and
developers as building great product!
AVARA – David
We are expanding ourselves to the Ethereum market to be able
to reach out to more investors, and of course the big factor is that on the
Ethereum network there are the “big boy” investors. Currently we are
updating our modules to be compatible with the Ethereum and the BSC network,
and most of it is already done, we just have Bitduel left. Yes it is possible
that we will expand to other chains like Algorand, Solana etc.
The larger impact we create on the launch on the ETHEREUM
network, the better we will perform in the future, so that is the reason we
took resources to promote the Ethereum deploy.
Pavel P
Talking about the roadmap – when do you expect it to be
done?
AVARA – David
In the upcoming week or two
Robocop | Satoshi Club
Don’t forget to share new update with us
Robocop | Satoshi Club
before we go to part 2 live section, can you share to us
your important link and social media AVARA?
Are you ready for the biggest storm of question in Satoshi Club ? @avara_david @Bouya_92i @eHensure @avara_wi
Pavel P
Thank you for your great answers during this 1st part of our
AMA!
Pavel P
Let’s see the storm now!
AVARA – Wilson
Great questions guys!
Hensure Ebai
In the crypto space, we all know that the biggest
players/buyers are in the ETH network, so to give our product the exposure it
deserves and the investors a good chance of making good returns on investment,
it only suffices that we look no further than the ETH investors first. Thats
not to say we will not have other bridges in the future, but the ETH bridge
will be the first. NOT FINANCIAL ADVICE, but now is the time to buy AVARA,
stake it and solidify your position, cos it is just a matter of when and not
if, for AVARA to skyrocket in price with all the utilities coming and the
marketing push we are having at present. The market is turning green again, so
the best time to act is now. Buy and stake and see good returns in your
investment very very soon!!
AVARA – David
We are ready, as always.
Robocop | Satoshi Club
Thanks for the answer
Pavel P
Agree! Better act now!
Robocop | Satoshi Club
We will open chat for 2 minutes and then chat will be closed
– and then you can start select 10 best questions !
Pavel P
Please start answering questions once we close chat back.
Robocop | Satoshi Club
chat will be open in 5
Pavel P
Let’s open the gates!
Part 2 — live questions from the Telegram community
Q1 from Telegram user @tomo_fan
What main Product and services does AVARA HUB have ? Can you please tell about that?
AVARA – David
Bitduel – Online Casino with AVARA currency.
Airdrop module
Staking module
Upcoming [Priority based] Ethereum Bridge BitBot
Q2 from Telegram user @smelekin
I can understand why you choose binance smart chain for gas fees but it is not decentralized. All of nodes are belong to Binance. What do you think about this situation?
Hensure Ebai
We will be multichain very very soon…ETH bridge is around the corner, then other bridges in the future…STAY TUNED!!
Q3 from Telegram user @Mr_Rampal8
The important role in project play by the security so, could you tell us that have you done any audit for the security ? If yes so, from whom did you done and in future will you update the security systems ?
On the Avara shop, Users can buy Real world items with their tokens, What does include in the Real world items ? Can you please tell?
AVARA – David
We plan on creating a Vendor shop where already existing vendors, sellers can sell their products or things for AVARA and other currencies.
Q5 from Telegram user @coinresearcher
The beauty of smart contract allows creativity but the same smart contract allows exploits if there is a bug. So how can you make sure the smart contract of your project won’t have any bugs?
How much priority is The Unfettered team Applying to the security Of the game? How many AUDITS will be Performed before the official release of the game?
Hensure Ebai
CERTIK audit was already completed….One game is already playable since at launch!!
Q7 from Telegram user @tomo_fan
What main Product and services does AVARA HUB have ? Can you please tell about that?
AVARA – David
Currently: Bitduel is our main product, but Bitbot [NFT PvP card game based on the most popular First Person Shooter game: CSGO, with an active playerbase of 700000 players daily] will be once we are finished with it.
Q8 from Telegram user @chinyere2020
Can you give some information about this staking module of AVARA? What is the minimum amount of AVARA tokens ($AVR) users are eligible to stake? How long will users have to wait to be able withdraw their earnings?
Hensure Ebai
U can refer to our UI….but you can stake whatever amount u have!!
Q9 from Telegram user@banat286
How profitable is your project? What is your business model? How can you bring mutual benefits from your investor and your project?
AVARA – Wilson
We going to have 5 AMA’s in the following 3 days, also deploy our ETH contract on the weekend, and next week we going to have our ETH Presale and releasing our NFT-s! These linked with continuously pushing marketing, spreading the word AVARA in ETH&NFT communities! I think this sums it up why you need to invest NOW!
Q10 from Telegram user @adaatalay
Most projects have a lower percentage of liquidity for marketing, but you choose a higher percentage of liquidity. Do you think it’s more than enough?
AVARA – David
Higher liquidity ratio results in a very stable ecosystem. With a high liquidity percentage there won’t be huge price fluctuations from a large sell, thus it is a safe place.
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 Y-5 Finance and our guest was . The AMA took place on the 10th of February
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Mary | Satoshi Club
Hello Satoshi Club!
We are happy to announce our AMA session with Y-5 Finance! Welcome to Satoshi Club
Our guest today is @Brady5token
Mary | Satoshi Club
Welcome to Satoshi Club
Bradly (WILL NEVER DM FIRST)
Hello everyone!
Pavel P
Welcome to Satoshi Club!
How are you going today?
Mary | Satoshi Club
Hello, Bradly
Bradly (WILL NEVER DM FIRST)
Very well thank you, how are you?
Thank you for hosting us.
Mary | Satoshi Club
We are great and are so excited to have you here today ,let’s
start our AMA
Pavel P
We are excited to see you here!
Let’s go!
Mary | Satoshi Club
And as usually we will start it with introduction
Could you please introduce yourself and tell us more about
Y-5 Finance
Bradly (WILL NEVER DM FIRST)
Hello everyone and thank you for giving us the opportunity
to tell you about Y-5.
The core team has been investing in cryptocurrencies and
ICO’s for a long time and the idea and vision for Y5 was born from trying to
enable people to earn rewards by investing in a safe, secure and regulated
environment where only the highest calibre projects that pass through our
stringent DD will be able to launch on our exchange.
We want to remove the process friction to buying and
investing and bring DYOR all into one centralized exchange with a long-term
view to create the gold standard processes for ICO projects.
The core team consists of:
Bradly
Bradley is responsible for the roadmap, innovation and
overall delivery of utilities of Y-5. After serving in the British Armed Forces
he left to work as a financial analyst, eventually working up to a financial
trader in the City of London, then latterly moved into crypto currencies and
innovative blockchain technology. Bradley works closely with Adam and Stewart
to ensure Y-5’s success in becoming the first regulated tokenomics exchange.
Stewart
Stewart is responsible for setting vision, strategy and
governance for Y-5. He served in the British Armed Forces before moving into
the private security and intelligence industry — ultimately transferring his
skills to the risk, intelligence and regulatory compliance sector. He
co-founded a successful compliance, risk & technology business that
designed, built and deployed solutions for the global financial sector. He is a
Freeman & Liveryman of the city of London.
Adam
Adam is responsible for the strategy around daily operations
and governance for Y-5. Starting his
career in the British Armed Forces, he developed a deep understanding of the
importance of accurate, real-time intelligence — and its game-changing
potential when applied in the right ways to the right challenges. The Military
left Adam with military-grade attention to detail, helping him to both co-found
and grow a technology business with Stewart. Adam is a Freeman of the city of
London.
Dave
Dave is responsible for our technology and oversees our extensive
development team. He has worked in the technology industry for over 20 years,
most of which has been spent in senior leadership roles helping develop
technology in the financial and insurance sector. He is a cryptocurrency,
blockchain, and Defi enthusiast managing a great team of developers from all
backgrounds, to ensure the delivery of the ambitious Y-5 roadmap.
What an impressive experience for everyone evolved!
Mary | Satoshi Club
How old is Y-5 Finance project? What was the most difficult
part of its launch process?
Bradly (WILL NEVER DM FIRST)
Y-5 launched at the end of December. The hardest part has
been building up trust within the community. However, as a core team, we
believe we have built a strong, vibrant community.
We will continue to build on this and continue to exceed
expectations.
Mary | Satoshi Club
Yes, i see! Your community is very active! You built
excellent communication
Pavel P
For the project that has just started you have a very active
Telegram community!
Bradly (WILL NEVER DM FIRST)
Communication is key for Y-5.
Mary | Satoshi Club
Also, you told us about your team and i want to ask you if
you’re public? If no, can you tell us the reason for this
Bradly (WILL NEVER DM FIRST)
Yes, the team is fully public. We also hold video AMA’s on
our channels.
That is another key to build trust with the public!
Mary | Satoshi Club
Bradly, thank you for your great intro! Do you want to add
something or we can start with the questions from our community, which we
choose for the 1st part?
Bradly (WILL NEVER DM FIRST)
Our main objective is to achieve a fully regulated
tokenomics exchange. Full communication and transparency are a must for us.
The majority of DeFi tokens have a fixed reward system but I noted that the Y-5 smart contract protocol fosters what is known as “reflections”, a concept that Y-5 will take further by offering five reflections, and ultimately offering the holder to choose which tokens they wish to get reflections in. Can you fully elaborate for clarity on the concept of “reflections” in Y-5 and how it works? Can you also explain on the five different reflections which Y-5 will offer to its token Holders? Lastly, can you share on some of the tokens in Y-5 which Holders can choose to get their reflections in?
Bradly (WILL NEVER DM FIRST)
At the moment Y-5 offers 13% in BUSD to its holders. 13% is
taken in Y-5 tokens per transaction. The contract sells the Y-5 tokens once
sufficient tokens have been built up. The contract then sells the tokens and
converts them into BUSD and distributes them to all the holders. Reflections
are based on volume and the amount of reflections you receive is based on your
holding.
The custom reflection dashboard that will be released in Q2
will allow holders of the Y-5 token to customize the reflections, choosing up
to 5 cryptocurrencies and receiving 2.6% rewards per currency. Holders will be
able to do this by uploading the contract address of their chosen reflections
on the custom reflection dashboard.
The volume of the token will be sustained by driving revenue
from the tokenomics exchange into the Y-5 token.
Are there any preferred currencies among those 5? Or there
are no limits on which to choose?
Mary | Satoshi Club
Are you fully pleased with current system? Do you allow any
changes in interest or currencies?
Bradly (WILL NEVER DM FIRST)
As it stands, it will be any coin/ token with a BSC address.
Bradly (WILL NEVER DM FIRST)
We are happy with the current system, but we have an
ambitious road map that we will achieve. So this is just our starting point.
Pavel P
Thanks for clarifying this! Ready to see the second
question?
Bradly (WILL NEVER DM FIRST)
Yes, we are ready!
Pavel P
Q2 from telegram user @Meta_MateX
Y-5 Finance is dedicated to a democratic governance model claiming that it will propagate on-chain transactional fees by assigning the accumulated funds to token holders based on their current wallet holdings. Holders will be able to claim their rewards through the reward dashboard, which will launch in line with the token. So, should the token holders stake original token or it is enough to hold it on the connected wallet? How the reward system itself will functionalize – the rewards are done in original token or any other token airdrops? Thanks in advance!
Bradly (WILL NEVER DM FIRST)
The 13% rewards are distributed automatically, however,
holders can claim manually from the current dashboard. Once our V2 Custom
reflection dashboard is live holders will also receive their rewards
automatically and have the choice to claim manually.
Pavel P
If claiming manually, do you apply additional taxes in this
situation?
Bradly (WILL NEVER DM FIRST)
No, but you will be required to pay gas fees if you claim
manually.
Mary | Satoshi Club
Do you have or plan to have any lockup periods?
Bradly (WILL NEVER DM FIRST)
No, we do not lock any rewards. They get distributed to the
users automatically.
Pavel P
That’s what the users like to
hear!
Mary | Satoshi Club
Gotcha! Thank you for your answers! I believe your community
enjoy their rewards
Mary | Satoshi Club
Ready to go to the next question?
Bradly (WILL NEVER DM FIRST)
Yes, currently we have paid out just over 2.4M in just over
a month!
Bradly (WILL NEVER DM FIRST)
Yes please!
Mary | Satoshi Club
Wow
Pavel P
Q3 from telegram user @V1ct0r_26
Hello, Y-5 Finance’s Team!
I saw that Y-5 Finance has been built on the BSC, however I noticed that you have plans of creating your own chain, called the Y-5 Chain, but when it comes to it, I couldn’t find any information about it. So, could you please give us more details about this future Y-5 Chain? Do you plan to make it as a parachain of BSC, or as a whole independent blockchain? Whatever might be the case, please give us more information about it, and what expectations do you have for it? What do you aim to fulfill and achieve with Y-5 Chain? What will it’s main use cases be? And what benefits will it provide to users that other chains can’t provide to them? Thanks.
Pavel P
Wow!
Bradly (WILL NEVER DM FIRST)
The Y-5 will be a fully self-sustainable blockchain, we are
still in the R&D phase of the Y-5 chain and have not yet gone firm on all
the fine details. However, the use case will be surrounded by tokenomics
projects that have real utility to sustain volume. Creating A Y-5 chain will
also allow us to lower our transactional fees, making tokenomics more lucrative
and cheaper to run. The chain will also have the capacity to manage cross-chain
assets.
We will be posting more information once our exchange is
live. We will then migrate all of our utilities onto our own blockchain.
Our roadmap is constantly evolving. We are now a DAO so we are constantly moving forward with
exciting utilities. Including the 1st version of the exchange launching in 5
weeks!
Own blockchain also requires a big number of users or it
won’t be functional, what actions do you plan in this direction? Any marketing
plans?
Bradly (WILL NEVER DM FIRST)
We have huge marketing plans. Our online presence is growing
daily, and we have also lined up alternative marketing. More to follow on the
alternative marketing in the coming weeks!
Mary | Satoshi Club
Super
Mary | Satoshi Club
Thank you for your answers! Ready to go to the next
question?
Bradly (WILL NEVER DM FIRST)
Yes please!
Pavel P
Q4 from Telegram User @thisistoyin
I saw that Y5 Finance Carried out A Loyalty Program weeks ago which Stated that “If you buy the Y-5 token before the 15th January 2022 and hold them until the custom reflection dashboard. You will be eligible for the 10% airdrop, and the 10% airdrop tokens currently have a value of over $3M USD., knowing that this Opportunity has already elapsed, i would like to know if you have any Intentions of Hosting another LOYALTY PROGRAM for most people who weren’t Aware and Opportune enough to participate in the Airdrop. What other incentives do you have in place to futher Encourage and Motivated new Users in Participating in your ecosystem in other for you to boost Your Community? Thank you
Bradly (WILL NEVER DM FIRST)
Yes, that is correct.
We do have another loyalty program coming out shortly, this
will include the launch of our stable coin and governance token. Allowing
holders to drive the direction of Y-5.
So, you plan your own governance can you tell us more about your governance
system? How it will work? Which proposals will your members be able to vote?
Bradly (WILL NEVER DM FIRST)
The governance token will be rewarded to holders based on
their holding size. Holders will then be able to vote and participate in major
decisions in line with the DAO. The governance token will also be a reward for
participation in the growth of Y-5 and dedication to Y-5’s success.
We will be releasing more information on this before the
exchange release in 5 weeks.
Recently, you announced the hiring of a part-time marketing manager and also hired a freelancer to develop a P2E game for your ecosystem use. Since it appears these individuals are drafted in to work on a particular project area on a temporary basis, can you explain why this is so and how you will ensure that these individuals will be able to deliver in corporate brand building? Rather than going for a freelancer to develop critical aspect of a project such as a play-to-earn game, Why are talented users not drafted to be part of the permanent core members of the team or don’t you think such professional services will always be required throughout your project life? Also, who are the ones directly in the driving seat of this project and what are their core competencies?
Bradly (WILL NEVER DM FIRST)
We have a full-time team of developers and we have allocated
the in-house resources to focus on building our exchange, which is live in 5
weeks.
We also have a full-time marketing manager, however, the
main bulk of our SMM is outsourced to a well-known agency however, as we grow
we will be looking to bring everything in-house.
We also outsource the smaller utilities if needed, this way
we can spend the capital of bringing in top talent to build our more serious utilities
that will ultimately drive our growth.
Pavel P
A great team is a key to success as we have seen it before
multiple times!
Mary | Satoshi Club
Cool! But what about game? When do you plan to launch it? As
i see you want to launch many products – own governance, stablecoin,
blockchain, P2E game…
You need to have quite big team and to be well-funded to
keep all promises
Bradly (WILL NEVER DM FIRST)
Yes, that is correct. We are building an all-in-one solution
for all crypto enthusiasts!
Mary | Satoshi Club
Do you have any private investors?
Bradly (WILL NEVER DM FIRST)
Our team are very well known in the Fintech/ Regtech space.
The team are very well funded. The core team has and will be
financing the project until it reaches a state of self sustainability.
Mary | Satoshi Club
Oh, that’s nice
Mary | Satoshi Club
Thank you for your answers! Ready for the 6th and last
question from this part?
Bradly (WILL NEVER DM FIRST)
Yes please!
Pavel P
Q6 from Telegram user @MudaraSilva
Although you have mentioned that long-term holders can use your platform for long-term profit-making, I could not find any information on your long-term plans. Don’t you have a roadmap? What are your short term and long term goals? In addition to purchasing and holding your tokens, what are the other methods that users can choose to earn a long-term passive income?
Bradly (WILL NEVER DM FIRST)
The core team has just sat down with regulators in
Gibraltar. The main focus of this was to make sure our roadmap would be
accepted in a regulated environment before publishing. Our main utility will be
a regulated tokenomics exchange with a Y-5 launchpad installed and all self-sustained
on the Y-5 chain. We will be bringing out the following:
– Fully regulated tokenomics exchange
– Launchpad, with the main raise done in our stable coins
Thank you for your great answers during this 1st part of our
AMA!
Mary | Satoshi Club
I see you have 5 minor issues, is everything ok with them
now?
Bradly (WILL NEVER DM FIRST)
Yes, we have resolved all issues.
Mary | Satoshi Club
And do you plan any more audits in the future?
Bradly (WILL NEVER DM FIRST)
We are in the process of becoming a regulated exchange. All
of our software and contracts must be externally audited as part of the
regulatory process.
Mary | Satoshi Club
Thank you for this great first part of our AMA! Live part is
close now
Mary | Satoshi Club
Are you ready for it?
Bradly (WILL NEVER DM FIRST)
Yes, lets go!
Mary | Satoshi Club
Let’s go
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Crypto_84
Your aim is to achieve Fully regulated tokenomics exchange, how will you to move in this market to achieve that?Can you discuss your full plan?
Bradly (WILL NEVER DM FIRST)
Thank you, everyone, for your questions, as I can only reply to 10. please join our TG and we will aim to answer all of your questions. We also hold regular video AMA’s with the team.
Our team consists of well-respected individuals in the regtech space. We are leveraging their existing suite of technology that we will implement into our exchange and their expertise to deliver on this.
Q2 from Telegram user @iam12312
How supportive has been Gibraltar’s Government towards new Crypto the innovative Projects as well as Y-5 token?
Bradly (WILL NEVER DM FIRST)
Very! As tokenomics is in its infancy, Y-5 will lead the way and set the regulatory framework for tokenomics tokens with real utilities that feed in to the tokens to maintain volume. Again, our advisory board are very well connected in Gibraltar, allowing us to sit down with the right people.
Q3 from Telegram user @krish_crypto22
If anyone wants to to choose the reward in any BSC token, Will it be possible?
Bradly (WILL NEVER DM FIRST)
Yes, in the V2 custom reflection dashboard holders will be able to get reflections in any BSC token.
Q4 from Telegram user @ShaLiPon
I noticed that your project appears to be vulnerable to a variety of attacks. What steps will you take to ensure that this doesn’t happen again in the future?
Bradly (WILL NEVER DM FIRST)
Like most projects, we have come under many attacks in the early phase. The team has been very proactive in our response and will not tolerate any attacks. Any suspicious behaviour on our token is blocked automatically. We have and will continue to overcome any form of attack and FUD by proving ourselves time after time. We have our first version of the exchange releasing in 5 weeks!
Q5 from Telegram user @Sulyvahn_DS
Why the Y-5 Name does it have meanning and what are the Y-5 chain advantages and innovations ?
Bradly (WILL NEVER DM FIRST)
Y-5 stands for Yield 5.
As our custom reflection dashboard will allow holders to claim reflections in 5 different tokens. As well as create numerous income streams through staking etc.
Q6 from Telegram user @Manolo_Mandola
What is the upcoming features including in your Platform ? Have you take any actions towards the fake token sellers or not ?
Bradly (WILL NEVER DM FIRST)
All tokens that launch on our launchpad and exchange will be fully vetted by our stringent due diligence process. Creating a safe environment for all crypto enthusiasts.
We will also be adding numerous features into our exchange to make investment decisions easier, for example we will have a sentiment tool aggregating all information on a given project and scoring the sentiment and risk of the project.
Q7 from Telegram user @leixagarcia
Unfortunately most of the projects currently using reflection mechanisms are meme currencies and don’t have a solid business model. Do you have a solid vision and real applicability for the blockchain ecosystem more than just giving income to holders?
Bradly (WILL NEVER DM FIRST)
Yes, a % of the revenue from the exchange will be pushed into the Y-5 token for a buyback and burn. This will happen daily and automatically.
Meaning the volume of the exchange will drive into the Y-5 token giving our holders lucrative rewards. We also have many use cases for the Y-5 token in the NFT marketplace and on the exchange.
Q8 from Telegram user @Tukyo223
Give us a detailed idea about your project! And give your opinion
Bradly (WILL NEVER DM FIRST)
My opinion… we are the new standard in DeFi and will lead the way for the future of tokenomics.
What are the benefits for me and other investors in the short and long term by investing in this interesting project?
Bradly (WILL NEVER DM FIRST)
By investing in our project, you are joining a great community and extremely credible team who has the funding and connections to become the first regulated tokenomics exchange with a built in launchpad. We are committed to the delivery of the Y-5 eco system.
Q10 from Telegram user @Zohaya
Could you tell us a little bit about some of your business associates? What sets Y5 Finance apart from the rest?
Bradly (WILL NEVER DM FIRST)
Our business associates run a very successful regtech and fintech company. You can check them out here: https://www.albanygrp.com/
Thank you everyone for your questions and I was only allowed to answer 10 here. So if you head over to our TG group we will aim to answer all of your questions there:
