Satoshi Club

We are pleased to announce our next AMA on February 18th, 2022 at 11:00 AM UTC Time: Satoshi Club Russian x Fusotao Russian

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Russian Satoshi Club Telegram group
👉 Join Fusotao Russian Telegram group

We will have the following structure:

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. Fusotao Team will select 5 questions and answer them.

For more details:
Fusotao Russian – @fusotao_ru
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on February 11th, 2022 at 3:00 PM UTC Time: Satoshi Club Spanish x Survive Spanish

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Satoshi Club Spanish Telegram group
👉 Join Survive Telegram group

We will have the following structure:

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. Survive Team will select 5 questions and answer them.

For more details:
Survive – @survive_nft
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on February 11th 2022 at 01:00 PM UTC Time: Satoshi Club x Harmony Launcher

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Harmony Launcher Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Harmony Launcher Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Harmony Launcher

For more details:
Harmony Launcher Website – HarmonyLauncher.io
Harmony Launcher Telegram – @HarmonyLauncher
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on February 10th 2022 at 05:00 PM UTC Time: Satoshi Club x Сryptotoday

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

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

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Сryptotoday Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Сryptotoday

For more details:
Сryptotoday Website – cryptotoday.com
Сryptotoday Telegram – @Сryptotoday
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on February 10th 2022 at 01:00 PM UTC Time: Satoshi Club x Y-5 Finance

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Y-5 Finance Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Y-5 Finance Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Y-5 Finance

For more details:
Y-5 Finance Website – y-5.finance
Y-5 Finance Telegram – @Y5TOKENOFFICIAL1
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Art has been around for as long as there have been men – we make it, we look at it, we feel something. But “transmuting” that attention to money has always been hard – in the past, we had patrons of the arts, who donated parts of their wealth to supporting artists. The contemporary capitalist answer to maecenatism eventually came with the creation of art galleries – sort of networks of retail artists outlets to actually sell art.

Despite the historical and modern nuances, surviving as an artist has always been difficult and there’s so much literature, biographies, monographs, and memoirs that testify how most artists’ lives, even the most renowned and celebrated ones, has been marked by poverty and hardships (think of Van Gogh as one of the most illustrious examples). 

Web3 has brought us into witnessing an apparently oxymoronic context: while it’s undeniable that NFTs have taken the world by storm and that the primary application has been in the field of art, the field of art still suffers from a number of important “pain points”. And that’s when the peeps at UniArts come to save the day. How so? Before we get into the mechanics, we believe it’s important to get the vision fueling the UniArts’ ecosystem heart and soul.

1. The UniArts’ Vision

Today the UniArts’ network is seeking to change the paradigm for monetization of art, by using something that we could call “soft value”: imagine you have your Facebook account and you read a post from a friend and you like it. You, therefore, decide to “give it value” by clicking on the like button. But does the kind of value you tribute to it have “monetary value”? The answer is “not really” – or at least, “not directly”.

On the other hand, if you aggregate all the likes on someone who’s very popular, you would be able to monetize that via some kind of advertising mechanism. That’s currently a model that has not proven particularly successful, not very much transferable “as is” to the art context we’re referring to. Yet there is a potential there and the UniArts network is considering a parallel approach to the valuation of artwork. In order to understand that, we need to go back to the principles, namely “the 3 user states of commitment”

Theoretically speaking, there are 3 “states of commitment” to an artwork  

• The 1rst state of commitment comes about when a user simply likes a piece of art. It’s the most basic kind of commitment and, generally speaking, not very actively involved (again there are nuances here, but for the sake of simplicity we’re not delving deeper).
• The 2nd is the purchase: a user decides to “put money on the table” and buy the piece of art.  That’s the kind of final commitment that the peeps at UniArts are ultimately looking to recreate – namely, a way to transition from the 1rst state of commitment to the 2nd.
• The 3rd state is the bridge between the two previous states and it’s now possible thanks to blockchain technology and what we know as “staking”. 

Staking allows us to take a real value – e.g. dollars – which we use to buy a number of $UART tokens (more on $UART tokens later on) and then to lock them up for a period of time in support of a particular piece of art. This process becomes more than just a “like” – it becomes instead a true commitment of sorts, while also being a commitment that avoids the potential risk of loss because:

1. A user can vote and it doesn’t cost him/her anything
2. Users can also get their tokens back.

There is, still, an opportunity cost. For example, a user could stake for one artwork but that implies renouncing the chance of staking on a different one (staking is only possible for one NFT at a time). Thus, enough attention and interest are needed in order to be “convinced enough” to stake in a particular work.

In the UniArts model, staking is valuable because it allows potential investors, which come together at an auction, to judge the amount of interest/commitment to a particular work. This gives them a sense of “how well the work is going to do in the future” – that is, how much of a current and future/potential market for that piece of art there is/could be. Maybe all of those people that staked for that artwork are not ready to actually bid for it, but they might be in the future: fortunes changed and people come into money and if they really like that work, and all they could do, at that point, was stake against it that would help give the market some liquidity. It also gives investors a greater sense of confidence that a particular work is interesting. In particular, this benefits:

• The artist → because, obviously, the artist gets a greater final price within an auction – pieces that get more stakes are more interesting and then investors are willing to bid up the price. This is a way of “quantifying” the interest for the piece.
• The staking users → because in the UniArts’ token economics model the stakers actually get a benefit from the sale and that’s because not all the proceeds of the sale go towards the artist but some of them get divvied up “royalties-style” and are paid to the users who staked on the artwork.

So, clearly, there’s a financial incentive for users to actually stake their funds – and this is a novel concept when it comes to art. There are all kinds of projects working in the art space and, while a user couldn’t care less about art, he/she might still – and probably will – care a lot about valuation mechanisms and token economics.

That is the heart of the problem that UniArts is trying to solve: there’s a great opportunity in making this valuation model work and to apply it to many other areas where there’s this sort of dichotomy between “soft value” and “hard value” and how to bring them together.

2. So, what is UniArts?

With all that said, we can get to the point. UniArts is an Exhibition and IDO platform for NFTs with value discovery as its core feature.  It also provides Art-Fi features that cover NFT voting incentives, DAO curation, NFT financing, and artworks NFT gaming to better bond & connect fine art NFTs with the community. UniArts is also developing its substrate-based network with EVMs powered smart contracts for NFT infrastructures.

Sounds still complicated? Let me break it down for you. Basically, UniArts was designed to answer a difficult question: how to properly value an NFT while also improving the NFTs use case? The answer to it lies in a bottom-up valuation approach, often simply understood as “vote NFT to mine”.  Again, what do we mean by that? 

It’s simply the conjugation of defining a proper process/method for appreciating an NFT with the opportunity to earn from participating in that process. In a nutshell, it’s the representation of how everyone on the platform should feel, according to the platform designers, about UniArts and it works like this:

• In the UniArts gallery, users can vote for NFTs they want to be climbing the popularity ranks or simply those they like; the votes are cast using the $UART token or wETH and are rewarded with more $UART tokens.
• At the same time, $UARTs are minted into an NFT with the number of votes received, giving the NFTs extra value and liquidity as the minted $UART tokens can be then claimed by the NTF owner.
• Finally, if the NFT a user voted on is sold at a high price in the following auction, users will receive more rewards, proportional to the number of votes/$UART tokens they’ve staked on that NFT.

This process is therefore aimed at creating a consensus mechanism that brings about NFT fair value through the means of blockchain technology and without implementing the process as an algorithm. It’s purely market-driven and “bottom-up” because everyone who has wETH or $UART tokens can vote, and every single vote matters. And here’s the paradigm shift: instead of a single sale deciding the value of an artwork, it’s the number of tokens minted that determines the price – much like what happens in a prediction market.

3. The Art-Fi Revolution?

With this model, UniArts’ introduces Art-Fi, and an innovative answer to bring about Fine Art NFTs. As hinted earlier, the Art-Fi model allows community members and owners of $UARTs & wETHs to vote for any NFT artwork that they want on the platform. Voting benefits both the art lover and the artist because they are both given new $UART tokens during the process, and $UART tokens get also minted/cast into the NFT (as the voting process ends) for the number of votes it received. Meanwhile, the user who wins the NFT auction will be able to claim (and eventually sell) the $UART. Therefore, in theory, the value of an NFT should not be lower than the value of the $UART contained in it.

At the same time, users can stake $UART tokens to bid for a curator position. This allows them to move their NFT from other platforms (like OpenSea) to UniArts – and while on UniArts, these moved NFTs can be displayed and voted, while $UARTs will be minted into curator’s (voted) NFTs.

The core idea about UniArts’ ART-Fi thus surfaces, emerges, and stands out with all its glory:  bonding and connecting artwork NFTs with the community by applying what we could label as “social attributes”. NFTs Collectible become valuable because they are backed by community consensus and, with UniArts, everyone can become a Curator and showcase their collection in the best place within UniArts’ gallery, by letting the community gather and vote for these NFTs while benefiting from their appreciation. 

4. Staking & Voting on UniArts – How Does It Work?

During a “voting round”, users can vote on the platform NFTs. To do that you can simply go to af.uniarts.network/vote and click on “View All Candidates” to see all of the NFTs candidates you can vote on for that specific voting round. Each NFT candidate will have a real-time counter next to it, displaying the number of votes it has currently received, highlighting how it’s actually faring in terms of “user appreciation” compared to others. On top of the screen, you will be able to see the time left to cast your vote for the current voting round. You can pick one among the listed NFTs and click on “Vote” to award your vote to it. A new screen will open, where you will be able – via smart contract interaction – to assign (namely, stake) a specific amount of $UART tokens – from your wallet to the bonding contract – to cast your vote.

It’s important to note how the voting process follows a set of rules, which recap the most important points of UniArts’ staking/voting mechanism:

• $UART & wETH holders can stake their tokens to vote for NFTs that they think will be most in-demand to earn $UART rewards.
• Each voting round will last no more than 14 days and will feature no more than 6 NFTs candidates.
• All the NFTs are then transferred to the auction round after the voting round finishes. The auction around period is 5 days.
• According to the number of votes obtained by each NFT, $UART rewards will be continuously cast into NFTs, which can then be claimed by the NFT owner.
• Voting for an NFT won’t cost any tokens. Voting tokens can be retrieved the day after at 00:00 UTC.
• Vote rewards are be distributed after UTC 00:00, every day, during the voting period.
• Auction rewards are be distributed after the auction round. The higher the deal price, the more benefits will be available to be reaped by the NFT voters.
• In case they’re NOT claimed, voting tokens will be counted as another vote for the same NFT.
• 1 wETH vote = 100 $UART votes
• Both voting rewards and auction rewards will be bonded first. Users need to unbond their $UARTs in order to withdraw them into their wallets. Bonded $UARTs can be used to vote for NFTs to earn more rewards. Unbonded $UARTs can NOT be used to vote.
• Unbonding $UARTs takes 60 days to complete and 1/60 of the total unbonded amount is linearly released each day during the process.

5. The $UART Token

The milestone $UART  token listing event happened on Pancake and Quickswap on December 26th, 2021, marking the beginning of the journey for $UART token holders.

Here is some basic information about the $UART token:

• Token Name:  UniArts
• Ticker:  $UART
• Blockchains:  Ethereum, Polygon, Binance Smart Chain
• Token Type:  Utility
• Token Address Contracts:
  • Polygon Contract address: 0xf244E91A46A9cdd48da295cA5d0B27894f8032B1
  • ETH Contract address: 0x507bde03a87a6aa134d16634545e3d79c11c137d
  • BSC Contract address: 0x5608d5159ab98881bc116ae7761c74ad2ebb0448
• Total supply:  100,000,000 $UART tokens
• Markets: currently available on QuickSwap and PancakeSwap

In addition to the above, about 60% of $UARTs total supply will be mined from voting. 20% of early investors’ $UART tokens will be released during a 5-quarters period after TGE. More detailed information about the tokens distribution and vesting tables can be found here.

6. The Team

Based in Singapore, the UniArts team is led and co-founded by blockchain entrepreneurs Kyle Gu and Carl Chen. Despite its relatively recent inception, the team is already a “proud holder” of a grant from the Web3Foundation. The team also features art historian and ex-Artsy.net manage Sonia Xie (if you didn’t know, Artsy.net is the biggest online marketplace for art in China) as the art team’s lead, and Erick Calder as UniArts’ Technology Ambassador.

So far, the UniArts team’s main focus has been on building the platform’s infrastructure & functionality, the website, and the artists’ community. And while the project is in its very early stages of development, production speed is moving at a steady pace. If you’re curious, here’s a shortcut for you to have a quick glance at the website’s current goodies and features.

7. Conclusion 

Can you see the vision in what the UniArts’ team is conceiving and bringing about? Can you see how the particular experiment that is being conducted within the UniArts’ ecosystem has the potential to really change things – to shift the paradigm for artists and art lovers? If so, you definitely want to be involved as an early adopter! We believe UniArts has incredible,  unexpressed potential within the digital art world – and if you do too, you shouldn’t miss out on the opportunity to join the UniArts community through the official channels and links, right here, down below! 

8. Community and Social Channels (as of February 8th, 2022)

UniArts’ Website

For everything you need to know about UniArts, visit the official UniArts’ Website.

UniArts’ Telegram

Join the conversation on Telegram to stay in the know about UniArts. 

UniArts’ Medium

To keep up with the latest updates from UniArts, follow them on their official Medium.

UniArts’ Twitter

Get in touch and social with other members of UniArts’ community. Join the community on Twitter. 

Legal Disclaimer

Both Satoshi Club and the article’s authors are not providing readers any individually tailored investment advice. The article does not constitute financial advice. The material is for educational purposes only and Satoshi Club nor any of its authors are responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

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 Tower Finance and our guest was . The AMA took place on the 8th 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 Tower Finance!  Welcome to Satoshi Club

D. | Satoshi Club

our guest today – @tokyo48 !

Mary | Satoshi Club

Welcome to the Club

Tokyo

Hi everyone! thank you for having me.

Mary | Satoshi Club

How are you today?

D. | Satoshi Club

good to have you here!

Tokyo

I’m doing great! Didn’t expect this much people  Satoshi CluB

Mary | Satoshi Club

Ahaha, yes, we have a big, but friendly community

Mary | Satoshi Club

So, let’s start our AMA

@tokyo48 could you please introduce yourself and tell us more about Tower Finance

Tokyo

Hi, my name is Tokyo and I’m the Director of Tower Finance. I’m in charge of designing the overall structure of Tower Finance.

Mary | Satoshi Club

What is Tower Finance and it’s main goals?

Tokyo

Tower Finance is an algorithmic stablecoin project that integrates DeFi 2.0, built on Polygon network. It aims to solve the problem of what is known as the stablecoin trilemma

Mary | Satoshi Club

Could you please explain us what is stablecoin trilemma? Our users can be not familiar with it

Tokyo

Sure, the stablecoin trilemma refers to

– decentralizion

– capital efficiency

– stability

There are many stablecoins out there but they all have pros and cons.Stablecoins such as USDT or USDC has centralization issues

Mary | Satoshi Club

True

Tokyo

Stablecoins like DAI has to be overcollateralized, therefore it’s less capital efficient, especially for those of you who are seeking better yield generating opportunities.

Others that are purely algorithmic, such as Basis Cash, Empty Set Dollar has failed to stabilize its peg (to the dollar).

Mary | Satoshi Club

100% agree

Mary | Satoshi Club

It’s a real headache

Who are helping Tower Finance to solve all problems? Can you tell us more about your team?

Tokyo

Definitely Mary. So three big problems… and solutions with pros and cons.

Tokyo

Yes! I’d love to. And thanks for asking

Our team consists of crypto native people, defi degens with many years of experience in the crypto field. I’ve personally been around since 2015 and was lucky to watch the astronomic growth of the crypto industry.

Also, a few from the largest gaming companies and traditional finance.

Mary | Satoshi Club

Me as well, magic years

Tokyo

Light years too !

Mary | Satoshi Club

Are you all public or anonymous?

Tokyo

Our team is pseudonymous because we are strong believers of privacy and digital identities as a defense of individual freedom.

Mary | Satoshi Club

I see, true crypto believers

@tokyo48 thank you for your intro! We choose 6 questions from our community for the first part of our AMA and i want to ask if you’re ready to answer them?

Tokyo

absolutely. Happy to answer those questions.

Mary | Satoshi Club

Let’s go

D. | Satoshi Club

Q1 from Telegram user @Jodasf1

I read that Tower Finance has designed a stablecoin called TWR, which is a fractional algorithm to solve the capital efficiency problem that existing stablecoins suffer from. But, could you explain to us here in a quick and simple way why you are so sure that with the design of TWR you will be able to improve the capital efficiency of existing stablecoins, share with us how the system you have designed will work and how it solves the above mentioned problem?

Mary | Satoshi Club

Partially answered

Tokyo

That’s right.

Tokyo

We’re offereing another option/solution for users who want better capital efficiency, that is backed by partial collateral, and reinforced with a sound business model that generates protocol revenue.

Mary | Satoshi Club

Is it possible to block TWR? As it can be done with USDT or USDC?

Tokyo

Seems there are many people who are interested in stablecoin project

D. | Satoshi Club

As i know there is many stablecoins on the market, except dai, usdt, usdc, busd we can say ust is the also a popular one, what your thoughts on this stable? ust is kinda different of those four

Mary | Satoshi Club

Ahaha, bull market gave us some profits

Tokyo

Great question Mary. We’re not a centralized 100% collateralized stablecoin like USDT or USDC. So we don’t have those issues.

Mary | Satoshi Club

There were a lot if rumours about it lately, but i hope it will be ok)

Tokyo

Tower will be censorship resistant so long as the Ethereum network lives on.

Mary | Satoshi Club

Awesome! Happy to hear!

Mary | Satoshi Club

A lot of people don’t see this as a problem

Tokyo

UST is similar to our model with a 0% TCR. There are risks that are difficult to evaluate at this stage.

Tokyo

But we need to be aware that if there is a case where there is a high demand for Redeem…. it can put enormous pressure on the stability of the system

D. | Satoshi Club

got it! appreciate for answer

Mary | Satoshi Club

Thank you for your answers! Ready to proceed?

Tokyo

sure! pls do

D. | Satoshi Club

Q2 from Telegram User @sunny_steel

Opposite to TWR token, the CUBE Token (CUBE) is a non-stable, utility token in the protocol. While meant to be volatile, it holds rights to governance and all utility of the system. You also say that you take a highly governance-minimized approach to designing trustless money. Please specify the usecases of Cube token. If it serves to be a governance token, please share some details about Tower Finance Governance model. What are the features making your DAO special? Thanks!

Tokyo

First of all, CUBE is required to mint TWR

Tokyo

btw, thanks so much for diving into our docs

Tokyo

As the Tower ecosystem/demand expands, CUBE is designed to capture the value of its grwoth via….

More use cases, voting rights, distribution of rewards from protocol revenue by staking (xCUBE)

More use cases will be made available via governance

Mary | Satoshi Club

When your governance will go live?

Tokyo

Prior to activating governance, CUBE should be sufficiently distributed

We estimate that to be at least 1 or 2 months

D. | Satoshi Club

so total supply of CUBE will be reduce by time? because CUBE essential for minting TWR? do you stick to some burning mechanism?

Tokyo

Yes its deflationary(likely)

when TWR is minted it requires some CUBE depending on the TCR (Target Collateralized Ratio)

Also, CUBE can be burned via Profit Manager

So there’s some good upside pressure

Mary | Satoshi Club

Nice model! How CUBE will be distributed?

Tokyo

70% will be allocated to farming, 30% team + treasury

Mary | Satoshi Club

Gotcha .Thank you for your answers! Ready to jump to the next question?

Tokyo

sure thing!

D. | Satoshi Club

Q3 from Telegram user @Ecmq10

Hello Tower Finance team. You on your website emphasized in your FAQ section that you haven’t received any official investment yet. You mentioned that you only have strategic partners who will provide small liquidity of CUBE at the early stage. Currently, is there any new update regarding this? Haven’t you received any official investor yet? Do you consider that a disadvantage for Tower Finance? How many strategic partners do you currently have? Thank you!

Tokyo

We have no official investments and we never planned on raising VC money for an algorithmic stablecoin that is governed by the community

However, there is a strategic partner who will provide small liquidity of CUBE

Mary | Satoshi Club

Very honest position

Mary | Satoshi Club

Can you name this partner?

Tokyo

We do not consider it as a disadvantage … there are some downsides but if you believe in decentralized finance, this is the way to go. We will consider however, raising at a later stage for ecosystem expansion.

Tokyo

I can’t disclose names for confidentiality reasons but they’re partners that add value to the protocol

Mary | Satoshi Club

Understand

Mary | Satoshi Club

Thank you for your answers! Ready for the next question?

Tokyo

Yup yup

Tokyo

let’s go!

D. | Satoshi Club

Q4 from Telegram user   @Antoni_azx

I read that liquidity farming starts on Feb 14 this year and will last for about 6 years, so could you tell us the benefits of users from the beginning to the end of these 6 years? Is it really worth staying that long? How will you protect user assets so that they increase in value over time? Also, could you tell us if anyone can participate from day one?

Tokyo

Economics is a tough issue in crypto…

Like any project we cannot guarantee price action in the future

But we designed it so that revenue is sustainably generated by Profit Manager

Anybody can participate from day one

Mary | Satoshi Club

Where we will be able to farm?

D. | Satoshi Club

yes, which platforms (maybe DEXs) you have choose for the start of farming? can you share that info?

Tokyo

users will be able to farm from our website. Its not open yet but will be announced via DIscord, Twitter and Medium.

Mary | Satoshi Club

We will follow your updates

Mary | Satoshi Club

Btw, you can share your social media links here

Tokyo

We’ll be using Firebird

Tokyo

That’s because they are offering favorable fee rate. (means that we are gonna use the LP from Firebird)

Tokyo

Website: https://towerfinance.io

Twitter: https://twitter.com/tower_finance

Medium: https://medium.com/@tower_finance

Discord: https://discord.gg/btnkn42S4E

Github: https://github.com/towerfinance

Mary | Satoshi Club

Thank you for sharing! Satoshiclubbers, join here, so you won’t miss any news

Mary | Satoshi Club

Thank you for your answers @tokyo48 ! Ready for the next question?

Tokyo

certainly

D. | Satoshi Club

let’s gooo

D. | Satoshi Club

Q5 from Telegram User @Right_clicK1

Going through the website, I saw how it was plan on how TWR token’s price will be stabilized since it is a stablecoin pegged to another. There is arbitrage opportunity for users to effectively perform alot of tradings, also you mentioned ‘TWAP period of time’ among the mechanisms which is divided into different cases of calculations like Normal case; Abnormal case; Very abnormal case 1; and Very abnormal case 2, there are alot of calculations under each of this cases, can you briefly explain how users will make use of these cases without confusion? How exactly can this serve as supportive tool for TWR token stability?

Tokyo

this is a very technical question,but let me explain in the simplest way I can

during abnormal cases, the gap between the actual vs. twap price of cube can increase.

This gap can interrupt arbitrage and has a risk of destabilizing the system.

So we decided to use a shorter twap period to prevent this kind of accident from happening

Tokyo

Does this answer your question?

D. | Satoshi Club

okay, so all these will be more helpful for traders? or who could be benefit from these features?

Tokyo

yes it is to help arbitrageurs get a more accurate price feed and encourage arb.

Mary | Satoshi Club

What can you tell us about Tower Finance security? Are there any risks with it? Did you audit your smart contracts?

D. | Satoshi Club

 nice, thanks a lot for explanation

Tokyo

No problem! thanks for asking really smart questions,with regards to our audit, we just received our audit draft

We will soon make the report public

Mary | Satoshi Club

Cool! Don’t forget to share with our community

Tokyo

will do!

Mary | Satoshi Club

As i see you care about your security!

Mary | Satoshi Club

Thank you for your answers! Ready for the 6th and last question from this part?

Tokyo

I’m ready

D. | Satoshi Club

Q6 from Telegram user  @Arisabela

I could see in your docs that Tower Finance is strengthened with the inclusion of not just one, but two on-chain oracles: Firebird and Chainlink, I would like to know more about this topic, could you explain the usefulness of oracles in your ecosystem? Are they used for economic or security purposes? Why is it necessary to use two and not just one of them?

Tokyo

Yes! we use Firebird and Chainlink for both economic and security purposes

Tokyo

You nailed it

We used two different sources depending on the token type.

Firebird is used to get price feeds (especially TWAP) for CUBE and TWR in USDC

While Chainlink is used to get price feeds for USDC in USD.

D. | Satoshi Club

Do you have any plans regarding NFTs in your project? curious to know

Tokyo

We can’t share anything now but we’re considering many options and NFTs are one of our team’s strengths.

Mary | Satoshi Club

We are intrigued

Tokyo

Many of us have been game developers for the past decade

Tokyo

until crypto rabbit hole lol

D. | Satoshi Club

haha

Mary | Satoshi Club

Patiently waiting

And now we came close to the next part of our AMA

Mary | Satoshi Club

Live part

Mary | Satoshi Club

@tokyo48 do you have experience with the storm of questions?

Mary | Satoshi Club

Ready for it?

Tokyo

not really but i’m excited !

Mary | Satoshi Club

Let’s try

Mary | Satoshi Club

Let’s go

Part 2 — live questions from the Telegram community

Q1 from Telegram user @surendra040

How could I mint TWR??How many CUBE is required to mint TWR? DO you have any minimum requirements? Are there any medium article or guide available about it??

Tokyo

In order to mint 1 TWR, the system requires TCR worth of USDC and (1 – TCR) worth of CUBE.
ex) When TCR = 80%, 100 TWR can be minted with $80 worth of USDC and $20 worth of CUBE

Q2 from Telegram user @Karry1999

Read About the Two Colloateral Ratio Which are :

1.TARGET COLLATERAL RATIO

2.EFFECTIVE COLLATERAL RATIO
Will you please Talk In brief about the Two Colloateral Ratios?

Tokyo

TCR stands for Target Collateral Ratio. It is the percentage of USDC collateral that the system targets. TCR is used when minting TWR. ECR stands for Effective Collateral Ratio which is the percentage of USDC collateral held by the system. ECR is used when redeeming TWR.

Q3 from Telegram user @Manisham7

Will you Deploy TWR on other networks? Is it one your Roadmap?

Tokyo

We’re considering expanding to other networks. But I think now the top priority is maintaining this initial system on polygon.

Q4 from Telegram user @Korryl

You mention that Tower Finance is a Stablecoin project, so what are the different Tower Finance Stablecoin with other competitor? why its special?

Tokyo

We’ve designed a system that generates revenue(profit manager) from the beginning so that it can help the system stable. In addition, incorporating the defi 2.0 functions (including protocol owned liquidity and protocol rented liquidity) can definitely help our sustainability.

Q5 from Telegram user @hansoyeon

You implement Multisig wallet Timelock to create a secure system for users. Can you tell us a little about them?

Tokyo

We’ll use both multisig wallet and timelock. Multisig will be 2 of 3, timelock will be at least 12 hours.

Q6 from Telegram user @yellowchamp

Can you explain to us the pros and cons of the Penalty System of Tower Finance? Thank you

Tokyo

Pros: We can keep accumulating our own liquidity by the penalty
Cons: It could lead to sell pressure in the short term.

Q7 from Telegram user @Tahsinahmett

What are the advantages of Tower Finance working with Polygon instead of other chains? Why Polygon instead of networks like BSC, ETH?

Tokyo

Polygon has very low fees and fast speed compared to other networks. It can also benefit from the Ethereum network.

Q8 from Telegram user @Prithvi200

Have You Conducted any AUDIT Till now From any Renowned Company , If yes Please Brief me About this and Is any Major Issues Found in it ?

Tokyo

As we mentioned this during the previous session, we received the audit report from Entersoft. There were no critical or major issues. It’ll be announced via our official channel.

Q9 from Telegram user @kimzyemma

Hello, I got a question for you. What is the different between Protocol Rented Liquidity and Protocol owned liquidity?

Tokyo

In short, Protocol owned liquidity is owned by the protocol. Protocol rented liquidity is stored by the protocol temporarily. So, the team anticipates removing all the Protocol Rented Liquidity, with approval from our governance. At this point, the CUBEs disbanded from the LP will be burned immediately, whilst USDC will be converted into CUBE and burned.

Q10 from Telegram user @dark_king_call

I’m curious. May I ask, why don’t you have a telegram?

Tokyo

In order for us to respond to many questions efficiently, we decided to integrate the channel into discord only.

Part 3 – Quiz Results

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

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

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Medium –https://medium.com/@tower_finance
WebSite – https://towerfinance.io/
Twitter-https://twitter.com/tower_finance

Have you ever tried diversifying your crypto portfolio, only to see it lose value? DAOs can change all that. As you probably know if you’ve been hanging around for a while in the crypto space, DAOs stand for “Decentralized Autonomous Organizations”. We talked about the emergence of DeFi in many previous project articles, but this time we’re deep-diving into this tech by highlighting one upcoming & emerging project in the field – and that’s PollenDAO.

Here’s a quick, yet juicy teaser trailer for you before getting into the juicy details of PollenDAO!

1. What is PollenDAO?

Just as quite clearly hinted by the earlier video, Pollen is a DAO platform and asset management protocol. What this means is that Pollen lets users create their own indexes and/or portfolios using different coins and tokens. 

via GIPHY

Users can create their own or they can take advantage of what the developers call the “hive mind” (namely, the community, collective intelligence) to pool alpha and try and get the biggest returns.

So, for example, a user could create his/her own portfolio on the PollenDAO platform with the top 5 DeFi tokens he/she thinks are going to perform the best in the next year – let’s say COMP, ETH, MATIC, LINK, and UNI. Then other platform users could check out the index made by the user and vote on whether or not they’re happy with the tokens and allocation. If they are, they can add liquidity and, hopefully, make some gains as the basket value increases.

The interesting part is, indeed, that anyone – literally anyone – can create an index, and individuals who perform well are rewarded with more voting power and Pollen governance tokens. And that helps everyone else in the Hive. 

2. Outstanding features of PollenDAO

But here’s the real ace in the hole: the real goal of this project – which makes it stand out in a very unique way – is to create a safer, more stable, and ultimately more profitable way of investing in DeFi and crypto for everyone.

It’s the idea of using the combined brainpower for everyone: it’s the idea of using the combined “wisdom of the crowds” (or better, the community), by autonomously rewarding good decision-makers, which makes this a “DeFi Meritocracy”. Meaning, the smartest and best investors in the community will drive everyone’s investments up, and well, in theory, that helps all of us make more profits.  So just imagine if everyone from our WhatsApp, Discord, or Telegram had his or her own portfolio and you could buy in. Now also imagine that you could track who’s actually doing well through leaderboards, analysis tools, and statistics that show you who’s performing best, while the platform’s AI helps you break-down information, analyze data and predict which ones are likely to keep it up. Add also a touch of user competition in the mix to boost the fun.

Now, you might be asking: who cares if this thing is decentralized or not? You’d actually want that and here’s why: the indexes in DeFi that currently exist (e.g. stuff, like the DeFIPulse Index) are still centralized and basically a “cut and paste” from traditional finance.They give you exposure to a portfolio of tokens but the holder of DPI doesn’t have any in what assets are in the portfolio or what the allocations are of those tokens. With PollenDAO, the community collectively decides which tokens to invest in and what amounts. A completely decentralized platform also prevents special interests and promotes only what would benefit the community.

PollenDAO also creates specific incentives that ensure the portfolio is always optimized through a merit-based model, where high-performers get rewarded with more $PLN governance tokens, which, in turn, carry more weight in future decision-making – that’s what you’d call “power to the people”, but for real.

The hive mind merit-based model collects the best alpha and puts the community in control while also utilizing the knowledge and expertise of a pool of high-performing traders who make the best picks on which tokens to invest in, and at what allocation of the total size of the index’s pool  

3. Passive Investing Made True

If you don’t want to think about each and every asset and index and you just want to earn a nice steady profit, you can do that as well. The Pollen protocol allows its users to delegate their voting power. Essentially putting their finest DeFi degens in the driver’s seat, while you sit back and enjoy earning the sweet gains. 

There are 3 kinds of users that can benefit from this: 

1. Users that don’t have the time or energy to invest themselves in every new token hitting the market, but have extra funds and want to be in the game.
2. Users who want to create their own indexes and portfolios and get even more rewards for being diamond-handed degens.
3. Users who belong to trading communities – anywhere from private 10 people Telegram groups to groups with millions of users on Reddit. These users can get together and use their collective knowledge to make the best possible portfolio decisions.

All of these groups can earn yields on a fully-decentralized platform, while also making gains on the tokens in their index.

4. PollenDAO Token Economics ($PAI and $PLN)

The project also introduces two new assets to the Avalanche blockchain: 

• The 1rst one is called $PAI. $PAI is an acronym that stands for “Portfolio Asset Index” and has been designed as the next evolution of stablecoins like DAI. $PAI acts as a stablecoin and represents the value of all the liquidity that’s been added to the PollenDAO.
• And then there’s $PLN (or, when pronounced, “Pollen”). $PLN is the governance token in which users get paid out with when either the portfolio goes up in value, or when users participate in the community by making proposals/voting on proposals or when adding liquidity

Here is some basic information about both of the ecosystem’s $PLN token:

• Token Name:  Pollen
• Ticker:  $PLN
• Blockchain:  Avalanche
• Token Type:  Utility/Governance
• Token Address Contract: 0x7b2b702706d9b361dfe3f00bd138c0cfda7fb2cf
• Total supply:  200,000,000  $PLN tokens
• Markets: currently available on AscendEX and on TraderJoe

5. PollenDAO’s Development Team 

The brains working, day & night, behind the PollenDAO’s project are showcased in the project’s official medium, and their technical skills/competence and job-related pedigree are quite a force to be reckoned with! Among them:

• Dr. Jaime Fernando Delgado – Blockchain Architect with over with more than 15 years of experience in programming, machine learning, data analysis, Blockchain technologies, protocol design, and smart contracts architecture
• Dr. Theodosis Mourouzis – Cryptologist and Information Security Professional with strong interests in both academia and industry. He holds a BA/MA in Mathematics and an MSc in Pure Mathematics from the University of Cambridge, an MRes in Security Science, and a Ph.D. in Information Security from University College London
• Dr. Stylianos Kampakis – Protocol Design & Data Science Professional in the Pollen DeFi protocol design team. Dr. Stelios has been involved in data science and artificial intelligence for more than a decade
• Dr Frederico Teixeria – Financial Modelling Professional with over 15 years of experience in the numerical solution of differential equations, high-performance computing, optimization, uncertainty quantification, meta-modeling, and machine learning
• Adam Clarke – Co-Founder, Senior Software Engineer & Product Designer (UX & UI Lead), leading the UI/UX and frontend team. He has a passion for delivering intuitive and dynamic user experiences and has over 12 years of experience across product design and software development.
• Maarten Ectors – Decentralisation Lead with over 23 years of experience in innovation and software. His role is to make himself irrelevant by converting Pollen into a fully decentralized organization with an active open source ecosystem around product management, development, and operations.
• Sean Bond – Chief Marketing Officer – 20 years of marketing and advertising experience, working at various times (sometimes all at once) as a creative, strategist and business leader. He has set up advertising agencies, built multidiscipline marketing teams for brands and agencies.
• Philip Verrien – Co-Founder and Project Lead, bringing the technical leadership and lifetime of experience needed to run the innovative DAO-based platform.
• Lana Pierce – Business Development Lead that joined the Pollen team with 10 years of experience in sales and a demonstrated track record of success.
• William Vandyk – Chief Operating Officer – 20 years in traditional financial services, initially in investment banking before moving to corporate development. He has led over 200 corporate transactions, including 34 IPOs and 63 takeovers, was head of Strategy & Corporate Finance at Schroders Personal Wealth, CEO of an ESG tech incubator, and has built, led, and sold a number of brokerage and investment businesses.
• Doug Crescenzi – Protocol Engineer and a Founding Partner at Upstate Interactive, a software consultancy that specializes in full-stack Web3 development. He has an M.S. and B.S. in Computer Science from Syracuse University and a background in cyber security. 
• Om Parikh – Smart Contracts & Web3 Developer with specialization in the L2 scaling domain. He specializes in developing sophisticated smart contracts, cross-chain & multi-chain (rollups, plasma, commit-chains) protocol development, auditing smart contracts, developing subgraphs, working with oracles, etc.
• Benjamin Lock – Co-Founder & Art Director – After escaping the finger buffet celebrations of sculpture college. Benjamin was blockchain-ganged into co-creating the UK’s first crypto investor show. In a previous life, he had a five-year dalliance with Mini Mouse (Disney), a decade or so with The Grinch (Universal) and companies, before returning to Earth. Aiming to glitch the classical pixel at a time.
• Sean O’Donovan – Marketing Operations – Formerly a cog in the world of Market Research and Consultancy, Odo is experienced in advising global companies such as Unilever, Gilette, and Spotify on their marketing strategy, developing skills in client management, public speaking, and more along the way. Then came along this little thing called cryptocurrency. 
• Ismail El – Full Stack Developer passionate about Blockchain technology. He started his career 8 years ago working for tech giants such as Binance, Groupon, and Bosch contributing to both front-end and back-end projects. For the past 3 years, Ismail has been working in the web3 space, developing both smart contracts and front ends for various teams.

6. PollenDAO’s Roadmap

What’s coming next in PollenDAO’s future? Here’s a quick overview of the roadmap’s infographic that has been laid out by the team:

7. Conclusion 

Pollen is a fully decentralized asset management platform that maintains an asset pool while allowing others to curate their own custom asset pools, thus solving many of the current issues in the DeFi space! If you’d like to learn more about the project, we highly recommend you to follow the links below and deep-dive into Pollen’s thriving community, where you’ll find all the resources, information, and people to get you started in what seems to be on of the most promising DAO-based projects of the new year!

8. Community and Social Channels (as of February 7th, 2022)

PollenDAO’s Website

For everything you need to know about PollenDAO, visit the official PollenDAO’s Website.

PollenDAO’s Telegram

Join the conversation on Telegram to stay in the know about PollenDAO. 

PollenDAO’s Discord

To keep up with the latest updates from PollenDAO, follow them on their official Discord server.

PollenDAO’s Twitter

Get in touch and social with other members of PollenDAO’s community. Join the community on Twitter. 

Legal Disclaimer

Both Satoshi Club and the article’s authors are not providing readers any individually tailored investment advice. The article does not constitute financial advice. The material is for educational purposes only and Satoshi Club nor any of its authors are responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

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 Raiinmaker and our guest was . The AMA took place on the 7th 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 everyone and welcome to our AMA session with Raiinmaker!!!

Pavel P

Let us welcome our guest @JDSeraphine

Pavel P

Welcome to Satoshi Club!

Jonah 🏅🎹 | Satoshi Club

Hello @JDSeraphine welcome to Satoshi club

J.D. Seraphine

Thanks for having me

J.D. Seraphine

I can already see that this community lives up to the name of Satoshi

Pavel P

How are you doing today?

J.D. Seraphine

Feeling great!

Pavel P

Absolutely! And you feel it during our today’s AMA!

Jonah 🏅🎹 | Satoshi Club

We are Glad to have you here..

Let’s start our AMA

Pavel P

So as we are! Glad to see you here today!

Pavel P

Let’s GO!

Jonah 🏅🎹 | Satoshi Club

Can you introduce yourself to us how you got into crypto and how Rainmaker started?

J.D. Seraphine

So I’m a producer and entrepreneur and my company Vision Tree produces and finances film and TV projects scripted and unscripted. Our largest movie Atari is a $40 million film that we are producing with Leonardo DiCaprio. Back in 2016 I came into the space to explore how to leverage the technology to disrupt film finance and film marketing. Once I was here I realize that the technology had massive potential to not only disrupt every industry on the planet but also to solve some of the greatest challenges facing humanity today. Ultimately my greatest passion is to make impact in the world, so we started building Raiinmaker to empower the web 3.0 social creator economy and to give back the power to the people.

Jonah 🏅🎹 | Satoshi Club

So can you tell us what Rainmaker is all about?

J.D. Seraphine

Raiinmaker is the web 3.0 social creator economy platform that is going to bring the masses into crypto. Built on a hybrid blockchain architecture, utilizing a proprietary algorithm that we built called Proof of Influence, we track social engagement and value driven by users from our net work and reward them with crypto and NFT‘s on Web 3.0. Essentially we have built a system to democratize the social creator economy, and to reward users with crypto and NFT‘s from over 20 Blockchains that we have integrated with.

Essentially on raiinmaker you create content, share it on social, and stack Crypto and collect NFTs

Jonah 🏅🎹 | Satoshi Club

This is interesting

How many members do you currently have on your team?

J.D. Seraphine

The public version of the app is live in iOS and android as well.

J.D. Seraphine

We currently have 16 people on our team not including agencies and Freelance contractors

Pavel P

So, the social networks are directly embedded into your app?

Jonah 🏅🎹 | Satoshi Club

Awesome.

J.D. Seraphine

Yes, we have direct integrations with Twitter and TikTok, with the ability for a user to post directly to any other connected app on the planet including Instagram, Facebook, Telegram, WeChat, WhatsApp, Signal, Reddit, Discord, you get the picture

Pavel P

Wow! That’s great!

Jonah 🏅🎹 | Satoshi Club

So we have some selected questions from our community members are you ready for them?

J.D. Seraphine

Fire away

Pavel P

Let’s get to know Raiinmaker better!

Pavel P

Q1 from Telegram user @iceVermithraxx

At Raiinmaker, a new concept was introduced into the account creation process called “Decentralized Identify” powered by MyFii but I also noted that users will need their email and other personal information to register and after successful registration, users can begin to earn by Starting/Joining, Promoting and harvesting Campaigns. Can you explain on the Decentralized Identity Concept? With use of personal information to register, how fully decentralized is it?

J.D. Seraphine

We are using a decentralized digital identity system we built in partnership with DragonChain called MyFii to store sensitive PII including email, phone, number, and other sensitive information. We had at one point had a fully Decentralized user login and auth system, but it has taken a significant amount of work to get it to the point where it is ready to scale. It is our hope that we will launch that some point later this year to fully decentralize all user login components.

Pavel P

Had it already passed any audits before the launch?

J.D. Seraphine

Our token contract audit?

Pavel P

Yep

J.D. Seraphine

The backend of the decentralized  digital identity system that we are utilizing was developed over the last three years with millions of dollars in investment

J.D. Seraphine

Yes we had our token contract audited by Zokyo Labs

Jonah 🏅🎹 | Satoshi Club

That’s a Huge investment, will be looking forward to when all Login components will be fully decentralized

Jonah 🏅🎹 | Satoshi Club

Thank you for you answers

Jonah 🏅🎹 | Satoshi Club

Ready for the second question now?

Pavel P

Q2 from Telegram user @Anne_Tim

I have read that Raiinmaker platform has over 20 blockchains currently integrated for rewards including Bitcoin, Ethereum, BSC, Bitcoin Cash, Cardano, Flow, Polygon and many others. You have a fully scalable platform that has the speed and throughput to match the transaction volume of the Visa network and leverages the security and hash power of public Blockchain networks. Could you explain the full chain of communication between the community (first interaction) and the final point that is rewarding. How many users have already benefitted from Raiinmaker benefit system? What are your objectives for the 2022. Please talk about your roadmap. Thank you!

J.D. Seraphine

This is a great question. So on the Raiinmaker Network a user creates content and shares on social media networks. Our system tracks the data from that web 2 social engagement and hashes proof onto the Bitcoin network, Ethereum network, and Binance smart chain. Those immutable hash proofs are used to distribute crypto and NFT rewards to the Raiinmaker users based on the amount of engagement they drive. We have had over 15,000 app downloads since we launched the public version last July with a charity initiative called #GlobalFieldDay. This year we intend to integrate up to 40 Blockchains so that users will be able to earn crypto and NFT rewards from almost all of the major chains and almost any token on the planet. We also will be launching our own NFT collections that have utility on the raiinmaker network giving users higher earning power and larger yields when they hold the NFT ‘s and stake more of their tokens

J.D. Seraphine

Also we will be launching the native Token of Raiinmaker Coiin next month for its direct listing . A very important moment in the roadmap that has been 4 years in the making

As you probably noticed there’s two i’s in both words which is our distinct brand identity

Jonah 🏅🎹 | Satoshi Club

Integrating 40 Blockchains will give birth to massive opportunities

J.D. Seraphine

The two I’s represent the economic value of that peer to peer relationship

Pavel P

That was smth I planned to ask about

J.D. Seraphine

Beat you to it

Jonah 🏅🎹 | Satoshi Club

Is there a Meaning for what the I stands for?

J.D. Seraphine

The Power of Blockchain and the movement to Decentralize how value is created and distributed from peer to peer is embodied in our brand identity. Our goal has always been to financially empower as many people as possible. My personal goal is to help create 1 billion millionaires in the world

Pavel P

I don’t think we have a question about upcoming token launch. Could you share some details about it?

Jonah 🏅🎹 | Satoshi Club

Your Goal is an Impressive one

Pavel

Please add myself to this list, and our 100K members!

J.D. Seraphine

We will be announcing the date very soon, but I can share that it will be in March , also beginning in March every 28 days we will be distributing tokens that are minted to the users on our network who are creating value. Our proof of influence algorithm tracks the amount of value created on the Raiinmaker Network during the 28 day minting and tells the Token contract how many new tokens to mint based on the value. It can never go below 1 million tokens and never go above 25 million tokens per 28 days regardless of the amount of engagement. Also we are going to be minting utility NFT collections that will enable the holders to receive multipliers on their create to earn Crypto rewards as well as larger bags from the Coiin mint

Jonah 🏅🎹 | Satoshi Club

Thank you for your answers

Jonah 🏅🎹 | Satoshi Club

Are you ready to proceed to the next question?

Pavel P

Q3 from Telegram user @Jmagsss

Raiimaker has a unique layer two consensus algorithm that specifically targets users’ activities and engagement. Raiinmaket makes use of the PoI or Proof-of-Influence consensus algorithm. Could you please provide us a brief explanation on how does this specific algorithm works? In what way does the targeted audience get involved? Ultimately, how is this different from the conventional PoS or Proof-of-Stake that most project nowadays adapts?

J.D. Seraphine

Great question! Our proof of influence algorithm tracks the web 2 social engagement data driven by users content that is shared from the raiinmaker Network. That social data is then hashed immutably onto layer one blockchains including Bitcoin, Ethereum, and BSC. Those immutable proofs are used to calculate the social value generated by the user on the network and distribute crypto and other web 3 rewards including NFTs

J.D. Seraphine

So obviously very different than proof of stake

Jonah 🏅🎹 | Satoshi Club

Yeah.. it is a unique approach

J.D. Seraphine

This allows us to leverage the Hash power and security of the most powerful public Blockchains

Jonah 🏅🎹 | Satoshi Club

I’m quite curious with regards to what NFT’s will be distributed

Pavel P

You said, for the moment it is Twitter and Tik-Tok that are added into your app. What about some other social networks – Instagram & Facebook, for ex.?

J.D. Seraphine

There will be Genesis drop with some super rare utility NFTs that allow the holder to earn large multiplier on their Create to Earn crypto rewards. We will also be collaborating with some of the biggest NFT crews and artists in the space , The goal is to eventually launch so that every user on our network has an NFT for their PFP

J.D. Seraphine

You are able to post to any connected app, Facebook and Instagram in particular have closed off a lot of their third-party data integrations due to the serious issues they had with user privacy over the last couple years. We will launch an Instagram integration later this year.

J.D. Seraphine

Will make sure to let you guys know when the whitelist is opening up for your group

Jonah 🏅🎹 | Satoshi Club

Thank you we will be on the lookout

Thank you for your answers

Pavel P

A great benefit for Satoshi Club members!!!

Jonah 🏅🎹 | Satoshi Club

Ready for the next question now?

J.D. Seraphine

In other words you can post to Facebook and Instagram from our app and earn rewards. Unfortunately we don’t have the same level of data integration that we have with Twitter and TikTok yet.

Pavel P

Q4 from Telegram User @Rozielyna

From your website, you mentioned that users can earn by Promoting #GlobalFieldDay and individual team member challenges and by Joining a team in raising awareness for the youth by taking on a challenge. Please can you explain more on the stages involved in this two ways? Wat is the role of raiinmaker in the #Globalfieldday Challenge? What are the requirements for users to be able to participate in this campaign? How can users earn from this campaign? You also mentioned that the users can Earn reward points based on Proof of Influence reward system? Please tell us what proof of influence is all about? How does the proof of influence work?

J.D. Seraphine

#GlobalFieldDay was a charity initiative that we helped to launch last year to raise money and awareness for youth empowerment, climate change, and entrepreneurship. I am a firm believer that the only way humanity turns things around is through innovation. That charity initiative ended its first year last month and we will be kicking off year 2 again this summer in partnership with the NFL. In our app the Coiin rewards are calculated as a reward point that can be withdrawn as a token or redeemed for a digital gift card from hundreds of suppliers around the world including visa, Amazon, Nike, and many of the other biggest brands on the planet. This allows non-crypto native users to begin utilizing the Raiinmaker app as we migrate them to Web 3

I believe I’ve already explained proof of influence above

Jonah 🏅🎹 | Satoshi Club

This is impressive

Pavel P

Great partnerships!

Jonah 🏅🎹 | Satoshi Club

What Charity organizations are you specifically targeting?

And how do you decide on who gets to benefit from the initiative?

J.D. Seraphine

We raised money for a number of worthy charities last year. The primary charities we featured were –

World youth horizons – an organization focused on youth empowerment with an emphasis on helping children in poverty get access to opportunities to better their lives. We specifically made a donation of $25,000 to support the construction of an orphanage in a rural village in Uganda.

Global entrepreneurship network – is one of the premiere nonprofits focused on supporting entrepreneurs around the world.

Laudato Tree – is a climate change initiative that is run by a 17-year-old female CEO who has already been endorsed publicly by the pope. Her goal is to plant 10 million trees along the great green wall of Africa to battle climate change.

J.D. Seraphine

The rest of the charities we supported were selected or represented by the athletes, celebrities, and influencers who participated in GlobalFieldDay

Jonah 🏅🎹 | Satoshi Club

Thank you for you great Answers

Ready to proceed?

J.D. Seraphine

We raised over $100,000 for charity in the first year and drove more than 10 million media impressions

Pavel P

Q5 From Telegram user @jameslekan664

I understand that on the Rainmaker platform, the community will be given some tasks to perform and then rewards the community for tasks performed. Can you give us a sneak peek of the sort of tasks the community members are expected to to? How will Rainmaker coordinate and automate the fan engagement and reward process using smart contracts? Is there a specific amount of tasks that an individual must complete to get rewards or are rewards giving in accordance to the number of tasks performed? Do you have any native tokens to reward the community? If No, In what currency will the community be rewarded?

Pavel P

This has been covered partially

J.D. Seraphine

The primary task that users are incentivized to perform in the Raiinmaker ecosystem is the creation of user generated content that drives social value. Our Create to Earn model essentially rewards our users for creating value on social media through the Raiinmaker network. As those various campaigns are created in our system, a smart contract with all the parameters is created that audits all of the engagement utilizing our proof of influence algorithm and then distributes rewards according to the smart contract. We have a native token on our Network Coiin and also have integrated with 29 other Blockchains to power crypto and NFT rewards for the community. Our goal is to have the ability for users to earn and stack any crypto or NFT from any network or at least all of the major ones

Jonah 🏅🎹 | Satoshi Club

Btw is the Tokenomics of your Network Coiin ready?

Pavel P

And again, it worth respect!

J.D. Seraphine

Yes! It is ready and users may tune in as they are released in the lead up for the TGE

Jonah 🏅🎹 | Satoshi Club

Thank you for your answers

Jonah 🏅🎹 | Satoshi Club

Let’s proceed to the next question

Pavel P

Q6 From Telegram User @Cheriemike

Raiinmaker launched one of their first feature films financing on blockchain not only that you produced the first TV Series that was released on Cable which was 100% crypto funded.This series is known as “Open Source Money” which was released on Discovery Science,and notice from your website that Open Source Money has soared into the top 150 in the Nielsen ratings for cable broadcast.So can you tell us why this TV Series was created?What channels on TV can we watch this series including the days/time?Is it accessible for everyone no matter where we live?So far,can you share your experience with us on how persons have benefited from this series,any users feedback?Also any support from a third party that supported you in the creation of the TV Series/Films? Please explain Thanks

J.D. Seraphine

As I got deeper into the space during the ICO boom, I saw that there was a coordinated effort by governments and the main stream media to create Fud to tank the crypto market. I saw the impact it was having on companies and entrepreneurs on the front lines especially in the US where we are based, and since I am a producer and have directed documentaries in the past I decided to start telling the story that I was seeing. There has been a very positive reaction to the initial run of season one of open source money, and we are filming season two right now with some amazing interviews already in the can. We will be re-releasing season one soon in conjunction with the launch of season two premiere

Jonah 🏅🎹 | Satoshi Club

How many seasons do you intend to run?

Pavel P

Great initiatives!

J.D. Seraphine

That’s a good question . I guess as many as we have good stories to tell. Right now is a critical moment in the future of this space and also the money systems as we know it. Governments including the US specifically will be deciding which path to take so we are looking to use media to help drive that in a direction that is in favor of freedom and the people

Jonah 🏅🎹 | Satoshi Club

This is impressive

Thank you for your Answers in this first part of our AMA

We will now like to proceed to the second part, where our users will ask you their questions directly

Pavel P

Are you ready for the storm???!

J.D. Seraphine

Bring it on

Pavel P

Please wait for 120 sec and once we close chat back – you choose 10 questions to answer

Part 2 — live questions from the Telegram community

Q1 from Telegram user @krish_crypto22

I just downloaded your APP and I got 2 Coiins, Now how can I Earn more coiin and how can I convert these coin in my local currency?

J.D. Seraphine

The Coiin that you earned can be redeemed for a digital gift card from hundreds of retailers or can be withdrawn as a token. Once the token is listed you can take it to an exchange and sell there if you like or in our system you will be able to stake it for additional bags of Coiin rewards and also to enter white lists for utility NFT drops that will give you greater earning power.

Q2 from Telegram user @Kabirkapoor9

Can you pleases share Raiinmaker’s current collaboration with famous film makers, Artist, Writters, producers etc?

J.D. Seraphine

The parent company of Raiinmaker Vision Tree has a slate of media properties including most notably the $40 million feature film Atari that we are producing with Leonardo DiCaprio. Obviously Raiinmaker will be utilized to drive community and fan engagement around that project. Further all of the unscripted series including open source money will also utilize raiinmaker. In terms of other partnerships we have some amazing relationships in the crypto space and will be announcing two partnerships with two of the biggest crypto companies in the world later this month as well as a number of other great collaborations including with major NFT crews.

Q3 from Telegram user @Gutike95

Will $Coiin really only work as a reward to fans for their social commitment? Or in addition to this, did they implement a need for constant purchase by users so that the token has more demand? but really then what need will we have to buy them $Coiin?

J.D. Seraphine

We are also going to allow users to stake more coiin to receive larger allocations from the monthly mint which also gains them access to the white list for the utility NFT that is minted on our network. Those also will have strong secondary value on open sea and allow the user who holds the NFT in our system to earn a multiplier on their crypto earnings for social creation and a larger yield on our token mints

Q4 from Telegram user @Xusuo

What Exchanger already list Raiinmaker token $COIIN ? please share with us and its already list on coingecko/coinmarketcap?

J.D. Seraphine

Coiin will have its direct listing in March so stay tune for that announcement very soon , we are listed on coin market cap and will soon be listed on Coin Gecko once we launch primary listing of the token

Q5 from Telegram user @chinyere2020

How can a creator or a brand begin their own marketing campaign on the Raiinmaker platform? Can you mention the requirements that creators and brands must meet inorder to be eligible to start a marketing campaign on Raiinmaker?

J.D. Seraphine

In the future we will be opening up the platform for anyone to create a campaign and stake it with their favorite crypto or NFT rewards for community to earn for driving social value. Currently creators and brands have to work directly with us so that we can curate what campaigns are running in the system in this early phase

Q6 from Telegram user @cryptohero44

Can you tell us about your COMMUNITY structuring? Which countries or regions do you currently want to reach new users/investors? Will you go global with all your might or will you prefer to remain a local project?

J.D. Seraphine

We already have a number of KOLs on board from some great international communities including Asia, turkey, and Africa. Obviously we are a US-based project so we have a strong presence here but this is a global project and our goal is to have a global community of users.

Q7 from Telegram user @Gemshunter22

Your app requires a kyc. Is it compulsory for new users and do you have any guide how to use your app for beginners??

J.D. Seraphine

KYC is only required prior to users withdrawing tokens from the system. This helps us to eliminate fake users and also to make sure as the space becomes more regulated we are protecting our community. There are some resources on our website for new users and we will be launching a new website in the next week or so so stay tuned for our rebrand which we are very excited to share with the world

Q8 from Telegram user @Nairabox

Raiinmaker has a very interesting concept as users can create content, share it on social, and get rewarded in Crypto and NFTs, so how can I link my social media accounts such that I can receive crypto and NFTs for content created?

J.D. Seraphine

Start by downloading the raiinmaker app and through there you can link your Twitter account and starting in the next week or so you’ll also be able to link your TikTok account for more dynamic rewards tracking. You also can post directly to any connected app on the planet and be rewarded as well. Currently we have campaigns running with $10,000 worth of BTC, ETH, and BNB. I encourage everyone here to go download the app and get their piece of that crypto ,in the future there will be campaigns running with many different Crypto rewards for users

Q9 from Telegram user @highpee

One of the challenges of regular social media users is lack of control over PRIVACY and PERSONAL INFORMATION that are saved by social PLATFORMS. As a platform that bridge several social platforms together, are users privacy important to you and do you give priority to privacy and data security during in your project design?

J.D. Seraphine

Yes this is something that is very important to us. As I said in an earlier answer, we have built a decentralized digital identity system called MyFii to handle users PII. At one point we will use it for all of our end to end Identity needs once it is ready to scale.

Q10 from Telegram user @PrathamBora

I want to ask about your Team memebers who are they and what are the main experiences of them in this field? and How they are planning to give a high growth to RAIINMAKER PROTOCOL?

J.D. Seraphine

We have an amazing team that has worked with some of the biggest companies in the world and are now committed to using their talent to further the Blockchain revolution , they have worked at companies including Disney, Coinbase, Overstock, Morgan Stanley, Boeing, Oracle, Nike, and many others. We have our sites aimed very high and some amazing things in the works to ensure that Raiinmaker is one of the most powerful projects and protocols in the next two years

Part 3 – Quiz Results

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

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

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram –https://t.me/raiinmakerapp
Medium –https://raiinmaker.medium.com/
WebSite – https://www.raiinmaker.com/
Twitter-https://twitter.com/Raiinmakerapp

We are pleased to announce our next AMA on February 15th, 2022 at 5:00 PM UTC Time: Satoshi Club Spanish x Genius Yield Spanish

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Satoshi Club Spanish Telegram group
👉 Join Genius Yield Telegram group

We will have the following structure:

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. Genius Yield Team will select 5 questions and answer them.

For more details:
Genius Yield – @geniusyield_official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish