We were delighted to welcome our guest from MYRA. The AMA took place on November 26th, 2021 and our guest was @themyran!
The total reward pool was 500$ and
was divided into three parts. In this AMA Recap we will try to summarize some
of the most interesting points for you.
Part 1 —
introduction and questions from the
Telegram&Bitcointalk community
Jonah
🏅🎹 | Satoshi Club: Dear Satoshi clubbers welcome to another AMA session
Paul Mont | Satoshi Club: Today we are excited to announce our
AMA session with Myra AI!
Jonah 🏅🎹 | Satoshi Club: Our guest today is @themyran
TheMyran: Hi Everybody!
Jonah 🏅🎹 | Satoshi Club: Hello and welcome to Satoshi club😊
TheMyran: Thank you its great to be here
Paul Mont | Satoshi Club: The pleasure is all ours! 🥳
Jonah 🏅🎹 | Satoshi Club: We are super glad to have you join us here today..
TheMyran: of course, i have been looking forward to it
all week 🙂
Paul Mont | Satoshi Club: Let’s get started with a brief
introduction 🙂
Paul Mont | Satoshi Club: Please tell us more about your
background and also how you got to be involved in crypto.
TheMyran: Of course
TheMyran: I am Brian, AKA TheMyran
TheMyran: I have been working in blockchain for many
years, primarily with build support and implementation of predictive and
behavioural systems
Jonah 🏅🎹 | Satoshi Club: TheMyran is actually a cool name. 😎
TheMyran: unlike most people, i didnt hear about crypto
off the back of other conversations or on the news
TheMyran: i actually had an opportunity to read Satoshi’s
whitepaper before I even understood the gravity of what it would become
TheMyran: but the seed was planted, and while I tiptoed
around crypto for many years
TheMyran: it wasnt until many years later i had my first
opportunity to assimilate!
TheMyran: and i never looked back, only forward, to
ensure my future was engrained in blockchain
Jonah 🏅🎹 | Satoshi Club: You sure made the right decision
TheMyran: which eventually brought me to meeting the core
devs of Myra AI
TheMyran: and this was my moment, so i took it
Paul Mont | Satoshi Club: We all have had different epiphanies
before really understading and realising the true potential of the blockchain
world 😉
TheMyran: indeed this is true, and Myra AI challenges me
to be better for crypto
TheMyran: i love it, its my passion
Paul Mont | Satoshi Club: And this is great! And brings me to
ask you to get more in-depth with your beautiful introduction 😉
Paul Mont | Satoshi Club: So, what’s your role in Myra and
what are the core concepts and foundational principles behind Myra AI ?
TheMyran: Proudly, I am CTO at Myra AI
TheMyran: Myra AI is designed to take away the risk
incurred by every day traders, and to allow retail/consumer traders an entry
into the market while providing loss prevention in a way that is accessible and
easy to understand
TheMyran: Our platform is designed for mass adoption, at
scale, and to do this, we need to remove the boundaries that set apart free
thinking and fear mindsets
Paul Mont | Satoshi Club: It’s easy to see how, even in a
nutshell, the potential implications could be huge 🚀
Jonah 🏅🎹 | Satoshi Club: Yes I agree with you..any mechanism that will help prevent losses for
everyday traders has potentials
TheMyran: exactly, our ecosystem will be vast, but the
cornerstone, is allowing you, me, john at the bakery, sarah at the barber,
guaranteed profits, free from risk and oppression
Paul Mont | Satoshi Club: Gotta love the premises 🙂
Paul Mont | Satoshi Club: Thanks a lot for the intro
@TheMyran!
TheMyran: of course@!
Paul Mont | Satoshi Club: There are many details that we’d
like to flesh out and learn about Myra AI. Without further ado, if you agree,
we can move to the community questions 🙂
TheMyran: for sure, lets do it
Q1
from Telegram User @cheriemike
MYRA is
said to offer the every day investor access to top tier Crypto Trading AI,
through staking their $MYRA tokens on their investment platform to earn
guaranteed %APY.So can you tell us the minimum% of $MYRA token users need to
stake?How many top tiers are there for users to stake in?How will the staking
tiers work?I also notice that users token won’t be locked until maturity like
in normal staking but that in MYRA such lock are removed and users can have
custody of their funds in NFT.Can you explain how such features works? Thanks
TheMyran: oh nice fleshy question! gimme a sec
Jonah 🏅🎹 | Satoshi Club: Take your time 😁
TheMyran: Cool, so there is no real minimum amount of
$MYRA required to vest into the platform, and additionally, there are no tiers
either. we have designed Myra AI to be accessible for all, this means the
little guy too (until he gets to be the big guy), so we are not restricting
access to the earning potential that our platform provides
TheMyran: also
TheMyran: tokens that are vested by the users are locked
into the NFT which is minted at time of vesting
TheMyran: depending on the vest schedule (which will be
released closer to the platform release date), the APY will also be locked into
that same NFT, the user will hold profits from Day 1
Jonah 🏅🎹 | Satoshi Club: How many vest schedules do you plan for?
TheMyran: When the NFT reaches its maturity, the tokens
(including the profits) are released back into the users wallet, allowing them
to re-vest, sell or hodl as they wish
TheMyran: this is yet to be finalised, the preliminary
schedule has 4, with a custom option in discussion
Paul Mont | Satoshi Club: Brilliant, thank you for the
comprehensive answer 😁
Paul Mont | Satoshi Club: Are you ready to proceed with the
next question or would you like to add something else?
TheMyran: ready friend 🙂
Q2
from Telegram User @victorogb
A
detailed look at your roadmap as made available in your document, suggests the
MYRA intends to go live with some of its core features with the launch of your
AI mainnet, NFT Platform and Interoperability Phase 1. With the current hype
& buzz around these events, may we know the current stages with their
respective development, how successful has the various testing phases been, and
what sort of improved solution will this products offer users in direct
contrast to what is currently available? Also, with the launch of your Phase 1
interoperability and subsequent Bridge to Ethereum/Matic, what are investors
bound to enjoy?
TheMyran: cool, good question
TheMyran: glad to report, the AI Mainnet has already been
up and running for some time
TheMyran: sorry if im slow, my chats get deleted
everytime ^ that happens
TheMyran: oop its gone ok moving on
Paul Mont | Satoshi Club: Don’t worry I’m way slower 😅 please take your time.
TheMyran: The AI was launched on mainnet early to ensure
it could cope with new parameters we added to it, she is constantly upgraded
and evolving so we wanted to ensure we didn’t have to delay other components of
the roadmap rollout to deal with any hiccups if they occured
TheMyran: The vesting platform was scheduled for Q1 of
2022 but last reports are we are likely on road to release early, more details
to be available soon
TheMyran: as such
TheMyran: things brings forward all our other deadlines
TheMyran: we have implemented stress teams to ensure that
as each rollout commences, we are able to address issues in real time, while
still working on the next components
TheMyran: alas
TheMyran: our partnerships have really come through with
strength
TheMyran: these partnerships, such as the one which was
announced with Merkle network for interoperability
TheMyran: allow us to spread the workload between equally
experienced, quality teams
TheMyran: and it has already proven to be effective in
ensuring compatibility
Paul Mont | Satoshi Club: Have you also been involving the
community in these stress tests or is it yet too early to involve users in the
technical testing process? 🙂
TheMyran: once we have completed the first bridge, we
gain access to a mountain of hungry investors, looking to find the easiteast
way to move liquidity onto the platform
TheMyran: little secret (not a secret), the community IS
the stress test
Paul Mont | Satoshi Club: Haha, beautiful!
TheMyran: as we’ve pointed out previously, we are headed
for corporate adoption
Jonah 🏅🎹 | Satoshi Club: Impressive little secret
TheMyran: and as such, we need to prove our model in
large scale, unprecedented and untested consumer environments
TheMyran: after we have completed that (which is right
down the data gathering pipeline) we will be ready for the big pitch
TheMyran: and, Myra AI will be… well skynet lol
Paul Mont | Satoshi Club: Who could give better feedback than
your own community – the best team of bug hunters 😉
Paul Mont | Satoshi Club: Haha, Skynet didn’t end well though
lol
Paul Mont | Satoshi Club: At least for mankind 😁
TheMyran: haha
Paul Mont | Satoshi Club: Crystal clear, thank you for the
in-depth answer 😉
Paul Mont | Satoshi Club: Next question is homing in 🚀
Jonah 🏅🎹 | Satoshi Club: Oh yeah
Q3
from Telegram User @Highpee
The MYRA
token has a supply of 10,000,000,000 and 2.5% of this is reserved for
insurance. Can you explain how this insurance fund will be used to protect the
interest of your users and the type of situation that can trigger its access?
Apart from reserving fund for insurance, are there any plan for external audits
or external insurance partnership, in order to create a secure and formidable
protocol that will ensures investors can go about their investment activities
with less worry?
TheMyran: ok, while the Myra AI provides us with
risk-free investing, we would be stupid to assume that risks do not exist at
all, malicious attacks can happen at any time and we need to be certain we can
provide users with their $MYRA while we take on the burden of recovering any lost
funds on their behalf
TheMyran: Audits are constantly and randomly scheduled
internally as part of our structure to ensure there are no risk of breaches and
while we cannot allow external audits to occur at this time due to the
proprietary nature of the AI, we are in talks with external audit providers for
all smart contracts that will be in use for the rest of the ecosystem
Paul Mont | Satoshi Club: Safety is indeed a very felt concern
in the crypto space.
Paul Mont | Satoshi Club: It’s really great and relieving to
read that you’ve aptly anticipated the issue and are proactively taking care of
that 🚀
TheMyran: Absolutely!
TheMyran: Once we are certain our legal teams can ensure
the IP of our AI is iron clad protected, we will move forward in the best way
for the community
Jonah 🏅🎹 | Satoshi Club: So mailicious attacks are the major events that triggers access to your
insurance reserve?
TheMyran: correct 🙂
Jonah 🏅🎹 | Satoshi Club: Do you have a way of ensuring. This insurance reserve never runs
out..let’s say an event happens and a huge portion of the reserve fund is used
to cover users losses
Jonah 🏅🎹 | Satoshi Club: And then another happens and only a small portion of the reserve is left
TheMyran: indeed 🙂
Paul Mont | Satoshi Club: Very logical and fair 😉
TheMyran: as part of our fee structure, part of the fee
is allocated to the insurance wallet automatically, the reserve/insurance
wallet will continue to grow in size before (never) needing to be used 🙂
Jonah 🏅🎹 | Satoshi Club: I like the “never” shows your confidence in the security of
MYRA 👏
Jonah 🏅🎹 | Satoshi Club: Q4 from Telegram user @Ajpaa
Myra’s
proprietary AI simplifies trading and guarantee, zero risk profits. The system
is said to be backed by mountains of data, perpetually collected and analysed
not only focuses on historical market information or technical analysis but
also integrates real-time data behind market psychology. How does the Myra’s
deep learning work to guarantee safety of investors fund and provide zero risk
profits? What kind of technical analysis tools do you use and how does your
integrated real-time data behind market psychology work? What are your source
of data for this deep learning and how do you ensure that the data fed to the
AI are correct, reliable and trustworthy?
TheMyran: great question
TheMyran: firstly, Myra AI does not exist in one place,
she exists in multiple places at the same time
TheMyran: Myra uses data checking techniques, that track
both ‘live’ and ‘inactive’ inputs
TheMyran: checking and cross-referencing the data inputs
for accuracy to the predicted results
TheMyran: and does this against herself in real time
TheMyran: meaning that Myra can choose her information,
based on real-time accuracy fluctuations
Jonah 🏅🎹 | Satoshi Club: Re-training it self at the same time
TheMyran: which is critical for staying current with
market psychology
Jonah 🏅🎹 | Satoshi Club: What are the sources of these data inputs?
Paul Mont | Satoshi Club: You’ve aptly anticipated my question
mate 😉
TheMyran: far-ranging and deeply imbedded with NDAs
TheMyran: for the time being anyway
TheMyran: ill add
TheMyran: interestingly enough, watching her in real-time
analyze social feeds of humans shilling to humans, and tracking (yes tracking)
the level of engagement based on these interactions is awe inspiring
TheMyran: and scary
Jonah 🏅🎹 | Satoshi Club: If they are reliable sources.. This is indeed a great idea.. this days a
lot of people steal data sources especially competitors. 😉
TheMyran:… skynet 2.0
Jonah 🏅🎹 | Satoshi Club: Super cool I must say..
Paul Mont | Satoshi Club: You mean that we humans are scary
when we try to shill to other humans, right?
TheMyran: our data partnerships are under lock and key at
this time, and may remain so for the foreseeable future, but access to it has
not come cheap and it proven itself reliable data to feed Myra AI since 2018
Paul Mont | Satoshi Club: Cos I wholeheartedly agree😂😂
TheMyran: haha yes we are
TheMyran: she knew about Safe(something something) before
it mooned….
Paul Mont | Satoshi Club: Gotcha! Thank you very much, this is
very exciting indeed! 🔥🔥🔥
Paul Mont | Satoshi Club: Wow…
TheMyran: yup
TheMyran: facebook / twitter = scary data
Jonah 🏅🎹 | Satoshi Club: She definitely is a genius
Paul Mont | Satoshi Club: By the way, just out of sheer,
personal curiosity before we move to the next question: why did you give her
the name “Myra”?
Paul Mont | Satoshi Club: Is there any particular reason or
reference?:)
TheMyran: Oh i CANNOT SAY! but please someone remember
this question and ask again, there is a certain team member who would love to
tell the story… 😅
Paul Mont | Satoshi Club: Haha, I will remember don’t worry.
Next time you’ll come back to Satoshi Club with even more exciting news I will
also remind you to bring that team member along 😉
TheMyran: oh its on!
TheMyran: literally just for that one question ahah
Paul Mont | Satoshi Club: Haha 🤣
Paul Mont | Satoshi Club: Actually I’m truly super excited
with what you’ve been sharing with us so far, so I expect a even more exciting,
amazing features & announcements to come in the very next future 🔥😁
Paul Mont | Satoshi Club: In the meantime, beautiful answers,
thank you @TheMyran!
Jonah 🏅🎹 | Satoshi Club: The answers are clear enough, and well clarified
Paul Mont | Satoshi Club: Next question’s topic: the sharding
protocol 🙂
Jonah 🏅🎹 | Satoshi Club: And here it is🚀
TheMyran: love
Q5
from Telegram User @iceVermithraxx
The Myra
AI NFT Marketplace welcomes a unique mechanism called Myra AI sharding
Protocols And this protocol will allow user to sell part of their NFT which is
in vesting within the MYRA marketplace. using the sharding applications, users
can split their NFT into fractions of the original Yield and sell some
fractions, and Sharding applications will go live by Q2 2020. Can you please
elaborate more this sharding protocols and how this splitting of NFTs is done?
are there going to be any fees for users to be able to access and use this
sharding application? and lastly What benefits does sharded NFT bring to the
both the Buyers and sellers?
TheMyran: this right here gives me the goosies
TheMyran: so firstly ill add that the protocol is right
on track for its intended (if not before) roll out
TheMyran: now onto the fun stuff
TheMyran: We at Myra AI believe that all investors who
stake/vest their tokens onto a platform should remain in custody of those
tokens for their own safety and peace of mind
TheMyran: BUT
TheMyran: we understand that the majority of
retail/consumer investors may sometimes over leverage themselves into positions
they need to later take capital from
TheMyran: and with other traditional vesting options,
they end up at a disadvantage when calling out the position
TheMyran: the sharding protocol allows holders of the NFT
to split the NFT into fractions, allowing them to keep a portion for themselves
(with its respective APY) and sell the rest on the NFT marketplace
TheMyran: at a profit
TheMyran: they split into 2 shards keeping 50% selling
50%
TheMyran: there are gas fees involved with sharding, but
no platform fees until a shard (or whole) NFT is sold
Paul Mont | Satoshi Club: That’s an ingenious way to make the
investment practically liquid and also convenient!
TheMyran: YES! so in an example i have used before
Paul Mont | Satoshi Club: Absolutely clever guys! 👏👏👏
TheMyran: Paul put $5000 into a vest (minted an NFT worth
$7000) and say 4 months later needed to pay for car repairs and couldn’t find
money anywhere else
TheMyran: instead of pulling his whole vest early
TheMyran: he can shard his NFT
TheMyran: into say 80/20 split
TheMyran: keep the 80% and sell the 20% split to cover
the car expenses
TheMyran: so users can do custom percentages to set for
their needs
TheMyran: and STAY IN PROFIT
Paul Mont | Satoshi Club: Very clear example – and a great way
to employ one of the many advantages that NFTs can bring about!
Paul Mont | Satoshi Club: Hahaha😂
Paul Mont | Satoshi Club: It is! Wonderful design! 🤩
Paul Mont | Satoshi Club: Great, great! Thank you very much
@TheMyran!
Paul Mont | Satoshi Club: This is the last question for this
very first part of the AMA, then we’re heading into the LIVE part of the
session.
TheMyran: oh wow cruising!
Q6
From Telegram user @DK177
It
caught my attention that you offer an interesting feature called “bonus NFT”.
According to the description, a bonus NFT is minted to the holder at the
maturity of every MYRA AI NFT. What kind of NFTs you offer as bonus NFTs? Can a
user decide which NFT he wants to receive as a bonus? How do you determine the
value of the bonus NFT? Is the value of that NFT similar to the value of the
expired NFT? Please explain whether a user should hold the bonus NFT for a specific
period of time before selling it. At the maturity of the bonus NFT, do users
get another bonus NFT?
TheMyran: rightio, so firstly ill add here that the Bonus
NFT that has been discussed is primary to the vesting opportunities of the
platform.
TheMyran: there will be others related to other areas of
the ecosystem, announced all in due time
TheMyran: now
TheMyran: as to the Bonus NFT
TheMyran: This is awarded at the expiry of the vested NFT
TheMyran: this occurs automatically
TheMyran: and is sent directly to the holder
TheMyran: this equates to a boost of 1% guarantee towards
their next vesting
TheMyran: now
TheMyran: some more magic
TheMyran: users do NOT have to use this NFT
TheMyran: they can sell it on the marketplace
TheMyran: and other users looking to boost their next (or
first) vesting
TheMyran: can add these Bonus NFTS
TheMyran: stack them if you please
TheMyran: to a maximum of 10
TheMyran: giving them the opportunity to earn a whopping
50% guaranteed APY
TheMyran: granted, this would be no easy task
TheMyran: and would be for the savvy investor
TheMyran: alas, the word BONUS carries its meaning
Jonah 🏅🎹 | Satoshi Club: I love the idea
TheMyran: sorry for splitting that up in a dozen
messages, I’m really excited about the stacking haha
Jonah 🏅🎹 | Satoshi Club: Your answers are well articulated
Paul Mont | Satoshi Club: Lol, I could sense that and I love
all the magic (of course backed by brilliant efforts) you’re introducing to us 😁🤩
Part 2 — live questions from
the Telegram community
Q1
From telegram User @slla1112
What is Myra’s different and strong advantage over
its competitors? As a new crypto user, why should I choose MYRA?
TheMyran: Myra AI, has no competitors that can offer what
we have built. We take away all the need for trading and remove risk for the
everyday investor. In return, we guarantee a minimum of 40% APY. Myra was built and launched in 2018 and has
years of results that cannot be matched by any other project to date.
Q2
From telegram User @Ratash97
Is there
a minimum of investment needed to mint the NFTs and can users unstake their
NFTs at anytime ?
TheMyran: there is no minimum, just be mindful the gas
fees (which are not exorbitant)
users may
un-stake at their leisure, details of the vesting schedule and APY earnings
will be released closer to the platform release
Q3
From telegram User @cly_de12
Your
team is private, according to what I’ve read. Why do you chose to keep your
team private?
TheMyran: We are happy to announce we have completed KYC
verification through Assure KYC. details of the core team members will be
released sporadically as each member ceases contractual obligations with
existing commitments
Q4
From telegram User @Tahsinahmett
Is Myra
suitable for hard earners who are afraid of crypto’s volatility, looking for a
safe chance to win?
TheMyran: thats easy, yes, yes indeed. i think of boomers
and the complexities that existed with onboarding for everyday
telecommunication and internet use. at first it was all scary and not to be
trusted, but with time, practice and patience, even my own mum could google
(yes that was actually a milestone for her).
We have a
website, links will be provided below, YouTube is not on the cards at this
stage. please do follow our TG and Twitter for the most up to date
announcements as they occur regularly and are usually of great importance to
the community and project as a whole
Q5
From telegram User @hkfboh
TheMyran: NFTs are more than just jpegs on the internet,
we at Myra AI are bringing DeFi NFTs to the world in a way that benefits the
broader NFT community. As to the Metaverse and Games, these are things not to
be overlooked. I often think of the movie ‘Ready Player One’ and liken what we
are building to many of the concepts in that film. We have already announced a
partnership with Crypcade, and as the timeline allows, we will announce several
more partnerships in the pipeline relative to bring our Meta/Game ecosystem to
life
Q6
From telegram User @Ajpaa
Myra has
been built on the Binance Smart Chain giving it unprecedented scalability, also
enables Myra to Supports ERC-1155 and ERC-721. To achieve Interoperability, did
you build your own bridge or secured a partnership to bridge primary
blockchains? What is the reason why you choose the ERC-1155 and ERC-721
standard over ERC20? What benefits/advantages does ERC-1155 and ERC-721
standard offer that makes Myra platform to leverage and use it? Thank you.
TheMyran: We have recently announced a major partnership
with Merkle Network who will be providing services to allow us to bridge to
other primary blockchains. The ERC1155 token standards allows us flexibility
when creating NFTs for use within the ecosystem, it is the best of both worlds
Q7
From telegram User @Gemshunter22
Is $MYRA
listed on cmc ? What is the official contract address of token and have you set
any slipperage or taxes rate?
TheMyran: $MYRA is indeed listed on CMC
the
official contract address is: 0x5cd7d317d9cb4d46ff0b4f6a20d9547069fe0f27
Slippage at
1% will work dependant on DEX activity
Q8
From telegram User @Rakshhitx5
Hey ✨🙋♂
In
Tokenomics, You have allocated 12.5% of Tokens to rewards. So how I can get
those rewards? Will you run a Airdrop campaign or you will give to the long
term holders of the Token?
Can you
please give info on this?
TheMyran: Come and join our community, follow our socials
and TG and keep an eye out for reward opportunities. we released one just a few
days ago as we announced our partnership with DeFi Wizard. users who
participated in lp staking with their $MYRA are (at last check) enjoying over
1100% APY on this introductory offering.
Q9 From telegram User @Chrisboy5
Can you briefly
describe Myrai’s NFT shrading protocol? What are the advantages of using your
platform to shrad?
TheMyran: GLOBAL!
we are
spread out across this blue ball, I am currently in AussieLand and enjoying
wet, hot weather. We employ team members across all departments in 6 different
continents so far 🙂
Q10
From telegram User @jirencrypto
I read
that for MYRA you will need three things: A virtual reality headset for
immersion, stable Internet connectivity and imagination. How important is the
use of this virtual reality headset? Is it really determinant to enjoy a
pleasant and safe user experience?
TheMyran: A VR headset will be required for true
immersion into the metaverse when it is live. however, users are not limited to
virtual engagement and there will be an abundance of GameFi / P2E applications
available as part of the ecosystem.
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of Myra AI. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
For more information and
future AMAs, join our Social Media channels:
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