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 Mech Master and our guest, @ron_nhd. The AMA took place on the 22nd of October.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Jonah 🏅🎹 | Satoshi Club: Our guest today is @ron_nhd. Welcome to Satoshi Club!
Ron: Hi everyone at Satoshi Club! Thank you for the opportunity to bring Mech Master to the big and legit community like Satoshi Club! What a chance for us!
Mary | Satoshi Club: Hello! We are happy to see you here👍 How’s going?
Ron: Very well Mary, thanks for asking. Super busy but excited for our upcoming IDO, and yourself?
Mary | Satoshi Club: I feel excited! As we have such project here today🚀 So… let’s start our AMA😀
And we will start it with introduction. Ron, could you please introduce yourself and tell us more about Mech Master?
Ron: Nice! I’m Ron Nguyen, CMO of Mirai Studio, the studio behind Mech Master. I personally have 10+ years of experience in marketing in general, I am a full-stake marketing person myself, and a fanboy of decentralized tech. We’re based in Hanoi, Vietnam.
Mary | Satoshi Club: How did you get involved in crypto?😀
Ron: I’ve been doing marketing for tech companies. It was how I stumbled upon blockchain and crypto.
Let me share with you guys more about Mech Master.
Mary | Satoshi Club: Sure👍
Ron: Mech Master is an upcoming P2E NFT game. It’s the first-ever 3D turn-based mecha blockchain game, with strategic RPG elements, where users can earn tokens through skilful gameplay and smart trading.
In the Mech universe, you are challenged to collect giant fighting machines and futuristic weapons to save the world. Being an experienced pilot in Augmented Reality, you set yourself apart from other players with unique tactics and sharp decision-making skills.
Being a blockchain game in a sci-fi setting, not only combat arenas will earn you a reward, but you can also profit from battles by earning Mech tokens.
Let me show a video introducing the P2E part of Mech Master as below.
Mary | Satoshi Club: Awesome visualisation!
For how long was you project building? Who is behind this? What can you tell us about Mech Master team?
Mech Master is the result of the contribution of 30+ people. We are a team of experts and highly skilled individuals across the country, who came together for one mission only – creating this incredible mecha game for everyone.
Our team is based in Vietnam, and we came from many international game companies established here in Vietnam, such as Microsoft Publish, Gameloft, Scopely and so on.
Mary | Satoshi Club: Impressive👍 Nice team!
Thank you for your intro, Ron! We choose 6 questions from our community for the first part😀 Are you ready for them?
Ron: More than ready, Mary!🦾
Q1 from Telegram user @DK177:
Currently, a lot of gaming platforms are based on hypothetical backgrounds. Similarly, in Mech Master, players can buy pieces of land and develop their own cities on the moon. Did you choose this gameplay according to this trend? Or is there any other reason? How did this idea come to your mind? Further, do you offer any detailed guidelines including some videos for the players? What should be the ultimate target of a player? Is it to develop as many cities as they can?
Ron: Oh, I thought it’s 1 question 🙂
Mary | Satoshi Club: It’s the first🤣
Jonah 🏅🎹 | Satoshi Club: Still have more😄
Ron: The reason we choose robot theme is that 50% of our team mates in the Mirai Studio have the experience of working in Japan and we all love the Gunpla culture. So, we thought why not to make it happen by us? Then we started to draft some drawings, then some 3D images and we decided to go with that theme. Here we are today with Mech Master, the debut game of Mirai Studio.
The ultimate target of players in Mech Master game is to collect giant fighting machines and futuristic weapons to save the world. Being an experienced pilot in Augmented Reality, you set yourself apart from other players with unique tactics and sharp decision-making skills.
Let me show you the video of Legion, this character is based on human form.
Mary | Satoshi Club: Did you already prepare guidance for your players?
Ron: Not yet, Mary. The game will be released in Q1 2022. Right now, with the early version we have, it’s not enough to create guidelines for users to follow and many changes will happen during the time from now till the full game release.
Jonah 🏅🎹 | Satoshi Club: That’s few months from now.
Mary | Satoshi Club: Gotcha! We will wait for it😀
Jonah 🏅🎹 | Satoshi Club: Will players be able to create their own weapons?
Ron: This is a good idea but for now, it’s not possible. All weapons are premade by us for users to buy and upgrade. But later on, we might think about this possibility.
Jonah 🏅🎹 | Satoshi Club: Awesome, in what ways will you allow users to carry out weapon upgrades?
Ron: MECH token will have the main utility for this purpose together with level up by battling with other players through PVP, events or tournaments.
Mary | Satoshi Club: Thank you for your answers! Ready to go to the next question?😀
Ron: Sure do, Mary!
Q2 from Telegram user @captainprice111:
Do I need to have an NFT or a certain amount of MECH coins to play the Mech Master game? Will there be an entry fee for the Mech Master? How can I make my Mechas strong and equipped against Krakens from other planets? Is there an infrastructure for me to make my Mechas strong? Is there an infrastructure for me to buy an NFT or power it up with MECH tokens in an in-game marketplace? I want to have the rarest Mechas in the world of Mech Master, what should I do for it?
Ron: Generally, players can just have 3 Mechas to start with. And that’s it. They can start battles and earn MECH tokens.
I hate to say this but Mech Master isn’t a pay to win game and it will never be. Mechas can be different with stats depending on their levels and rarity with its equipments. However, it doesn’t guarantee a win. Any weaker Mechas can win stronger Mechas by being smart in skills and strategy. Therefore, my advice is that players should concentrate in improving skills than just focusing on buying upgrades to make Mechas stronger. Stronger Mechas obviously can help you to win but it’s not a must.
Some of the elements players can focus to improve their Mechas:
The ability to improve Mechas over the course of the game by increasing Mechas statistics or levels.
A menu-based combat system with several choices of skills and powers as well as an active inventory system with wearable equipment such as armours and weapons.
The ability to interact with elements of the environment or storyline through additional abilities.
The existence of certain character classes that define the characteristics, skills, abilities, and spells of a character.
And here is the list of our 7 characters:
Legion
Ravager
Giant
Alien
Aerial
Relic
Shapeshifter
Mary | Satoshi Club: Ok, but can we play free?
Ron: No and yes. The game is free. But you need to own at lease 3 Mechas to battle. Mechas need to be bought at the Mech Master Marketplace in form of NFTs or open from the mystery boxes.
However, we plan to allow players who own Mechas and land to hire mercenaries to play for them. So those who join mercenaries teams, they can actually play for free and still earn tokens.
Jonah 🏅🎹 | Satoshi Club: Is there a limit to how many Mechas a user can own?
Ron: No, we don’t have that limitation for now. Users can stake as much as they want.
Jonah 🏅🎹 | Satoshi Club: Great.
Mary | Satoshi Club: Thank you for your answers, Ron! Ready to proceed?🚀
Ron: Lovely!
Q3 from Telegram user @Highpee:
You said you are one of the first blockchain games to implement Augmented Reality (AR) technology into games which is impressive. How will user experience these AR feelings while playing your game? Will you be introducing your own AR/VR gears that players will use to transcend into the virtual mecha world? You also said that players will be able to take photos with their Mecha and take these along with themselves everywhere. Hence, I will like to ask, how will players get to meet Mecha, pose with it, take selfies and use these selfies or pictures in real life?
Ron: Yes, AR is an important part of Mech Master to improve the experience of players. So, basically, players can battle on their screen. However, with AR, players can bring the battle to happen on any surface in front of them.
One of the barriers, though, is that it usually require a higher-end phone. However, we’ll try to optimize to bring this feature to as many players as possible.
No, we don’t want to have our own AR gears, it’s just not what we do, we want to focus on blockchain gaming and Mech Master.
So to take a selfie with our Mechas, you just need to open our mobile game, there will be a feature for you to take photos with your NFT Mechas. For example, here’s how our team mates try to fight with a Mecha 🙂
And this is how we brought the Mecha to life in our office.
Mary | Satoshi Club: Will we be able to play both on phones and computers?
Ron: Sure, iOS and Android version will be released with PC version.
Mary | Satoshi Club: Awesome! Can’t wait to play😉
Jonah 🏅🎹 | Satoshi Club: I will like to try this out😁
Ron: Me too bro and sis!
Mary | Satoshi Club: Thank you for your answers! Ready to jump to the next question?🔥🔥🔥
Ron: I’m in the mood, Mary!
Q4 from Telegram user @Cheriemike:
On the 24th of October 2021,you will have your IDO/IGO on two platforms, GameFi and Redkite. I noticed you have prepared two pools on the IDO pool (Private) and the other on the community pool (Public). My question is, after users complete their KYC process, what cryptocurrency will users have to use for the particular tiers they want in the IDO/IGO? Can you tell us about the tier system in both pools? How many are they and what is the weight each tier has? At what specified amount will users purchase your token? Please kindly share more details about the event.
Ron:
BUSD
Private pool: 0.03 BUSD; IDO/IGO pool: 0.04 BUSD
For the tier, I think it’s better to get on RedKite and GameFi to find more information as it’s their practice than anything relating to Mech Master.
Jonah 🏅🎹 | Satoshi Club: What is your allocation for the IDO and IGO?
Ron: Here is our moon sheet for better view:
Jonah 🏅🎹 | Satoshi Club: Great, thanks for sharing.
Mary | Satoshi Club: Awesome! I think you’re already oversubscribed, am I right?)
Ron: Seems like it as people in our global and local communities and other communities we know are waiting for the IDO date to grab some $MECH!
They are very excited and have high hopes for our tokens!
Mary | Satoshi Club: Let’s see who will be lucky to buy😉
Thank you for your answers! Ready for next question?🚀
Ron: Please shoot, Mary!
Q5 from Telegram user @victorogb:
A facility that would be available on Mech Master’s Moonland is the Pilot Academy. As stated, this would be a hub for players to recruit, train and exchange Mecha Pilots. Even as players interact and perform such operations, may we know a little bit more about this unique metaverse?How will players easily carry out these activities, are they expected to pay certain fees for each action and will these skills determine the level of competency and rarity of each Pilot? What is the exchange process of these Pilots? Also, since the Pilot Academy cannot be sold, except they are sold alongside a MoonBase, does that mean that players can build their own Pilot Academies?
Ron: There are 5 tiers of rarity of Pilot:
Common
Uncommon
Rare
Epic
Legendary
Apart from these five there will also be two special tiers for:
● Limited time items ● Set equipment
There will be a different NFT category for different roles and according to gameplay. For example, a Pilot is an ERC-721 collectible representing a character who can control the Mecha.
Training for a new Mecha Pilot is an exceedingly tough task and requires a lot of resources. But the advantages each Pilot brings to the Mecha are indisputable. Each Pilot has a special ability, and when combined with the suitable Mecha, they will create an unstoppable duo.
Similarly, Moonbase has its own NFT which is an ERC-721 NFT collectible representing a piece of land on the moon. There is only one Moon in the Mech universe, so the number of Moonbases are limited. Moonbase is required to build any Settlement.
All NFT items can be exchanged or bought out at Mech Master Marketplace. Or the best way is to find them in the NFT Mystery Box.
And no, players can’t build their own Pilot Academies.
Mary | Satoshi Club: So, as I understand you will use Ethereum blockchain? Or I am wrong?
Ron: Mech Master will be on BSC first and we’ll open to more chains later on. The main reason is that this chain has many users in our target market. Also, games like Mech Master create a big number of transactions. Gas fee on BSC is considered as the most affordable on the market and it’s a good reason to attract players.
Mary | Satoshi Club: True! Excellent choice! So, your NFTs will be tradable on BSC marketplaces😄
Ron: That’s true.
Mary | Satoshi Club: Thank you for your answers! Ready to go to the 6th and last question from this part?🎉
Ron: Okay Mary, please proceed!
Q6 from Telegram user @Ecmq10:
Hello Mech Master team. I read about a feature that caught my attention within the Mech Master platform. It says that MECH holders can use MECH tokens in the Gacha system to receive randomized rewards. Can you tell us in more detail how exactly this system works? How often will these rewards be distributed? Is there a way to increase our chance of receiving those rewards?
Ron: The Gacha system we plan to implement is kind of a pool of rewards. For every 5 wins continuously, users can get a Gacha ticket for the lucky draw from the system, which includines weapons, custom skins, components and even Mechas (but with a real low rate). There’s no way to increase the chance to get any item you want, it’s actually 100% luck (and we make sure it’s luck so that it can be fair to all the players).
Mary | Satoshi Club: I want to be lucky 😃 Actually everyone will be able to check his luck)
Thank you for this part, Ron! Now we came close to the most exciting part of our AMA! Live part! Ready for it?🎊
Ron: Yeah, I’m ready, please let it all in!!!
Mary | Satoshi Club: Let’s go🚀
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Shershah412:
I found that the Private Sale will open tomorrow. Is there any step by step tutorial on how to join the whitelist for the private pools on Redkite and GameFi?
Ron: Great, we have a detailed article for that. Please follow each step and you will be sure about some slots at our IDO, bro.
It is known that BSC is helpful for various projects in several ways. But still, what made you build your project on BSC? How will BSC network be a reliever for your project’s inflation?
Ron: We believe inflation is a problem that the Mech Master team must think about and handle very carefully, or it could crash the whole ecosystem. But it’s not necessarily caused by the chain.
In order to avoid inflation, Mech Master focuses on managing MECH token’s circulation carefully and has a suitable burning mechanism to avoid generating too many MECH tokens. One of the most common burning mechanics in the Mech Master game is that when a player uses $MECH to upgrade Mecha (weapons, equipment, pilots, etc.), 55% of the total tokens needed for the upgrade will be burned. The remaining 45% will go to funds including marketing, liquidity, founders, advisors and development.
Similarly, the needs to use MECH tokens in the game all generate the similar burn mechanism with different rates to always maintain a reasonable amount of traffic throughout the game operation and this amount of traffic is always strictly controlled.
Q3 from Telegram user @smelekin:
I checked your social media accounts and saw that you have a Telegram page in English, but there are many people that still don’t speak English so my question is, do you plan to build local Telegram chats for people who don’t speak English?
Ron: We know there are a lot of people out there that can’t speak English, so we have set up a list of communities for non-English speaking people as below:
Please have a look and if you want to suggest any language, feel free to join our global channel and suggest us anytime.
Q4 from Telegram user @Karry1999:
In the website I read that Mech Master has done renowned partners and backers like Icetea Labs, Redkite, Basics Capital, AU21 and many more. Will you tell me how these backers had helped in the growth of Mech Master?
Ron:
We’re lucky to have such huge support from our partners in term of marketing, partnerships of biz and tech, and especially the connection to large community bases.
And I, personally, get the chance to work with awesome teams!
Now all marketing activities are focused on this milestone. In parallel, from now until the end of the year, Mech Master will expand cooperation with domestic and foreign game and technology partners to equip Mech Master game with outstanding advantages in terms of images, security and some orientation on multiplayer gameplay (never appeared on the market). And sure, we can’t do that without the support of our partners. So, kudos to them.
Q5 from Telegram user @feranno:
Moonland is the first interactive 3D Virtual World of the Moon, divided into parcels of land, each represented by a unique NFT. So, can I sell my developed land to new players with more effort than other players or can I generate income in another way? Do you have any restrictions on sales rights?
Ron:
No, we don’t. Thank you for asking this question. We want Mech Master to be a place where players interact with players to create a market with as much potential as possible. We don’t want to get involved too much in the market. We’ll focus on the game and make sure the market goes along well.
Q6 from Telegram user @rinnguyen:
There are already many P2E NFT games, how will Mech Master survive in this crypto market with so much competition?
Ron: You know there are many NFT/Blockchain games right now and it’s trending at the moment. However, if you agree with me or not, most of the games are focused on the trading side, instead of the gaming.
We want to change that.
Mech Master gameplay allows players to assemble a line-up full of giant Mechas with gorgeous 3D models to battle against others, recruit new pilots, collect new light sabres and energy cannons, show off tactical powers and much more.
Almost every item in the game is created by players, from materials found by players. They will become players’ own unique assets which can be very valuable on the trade market.
Players can assemble a line-up full Mech Master competitive advantage, including:
Top-notch graphics
Full metaverse implementation (already in progress, not just on paper)
Huge number of NFT items create a larger market, based on the number of Mechas and all NFT items involve around them.
Brand new and from the scratch coding
The most balanced game algorithm on the market
Gunpla culture from Japan
Q7 from Telegram user @maindratagustinus:
This game really reminds me of a PC game called Rising Force Online/CCR INC and I really enjoy the game, so Mech Master makes me nostalgic. Anyway, there are so many new projects recently. So, can you explain to us, what makes Mech Master different from other competitors? Does this game have PvP feature?
Ron:
Mech Master is a PVP game at its core. So you will love it as you loved you previous PVP game.
For what makes the game standing out, like I shared in my previous answers, including: top-notch graphic, full metaverse implementation and huge number of NFT items creates a larger market, based on the number of Mechas and all NFT items involve around them.
Q8 from Telegram user @lattebuck:
As we all know, the reason De-Fi projects are being hacked is because of bugs on their smart contracts so, how can I be sure that the smart contract of Mech Master is secure?
Ron: It’s just impossible to make anything 100% safe these days in the digital world. Anything is just hackable, even the biggest tech company on earth.
Therefore, to make the smart contract safe, we’re in discussion with Haken to be our auditor soon. Additionally, we’ll follow strictly the best practice provided by auditor to make sure our smart contract is safe and intact, together with a system admin security to deliver the finest protection we can do.
Q9 from Telegram user @one23i:
Please tell me about what events and priorities does your team have? Do you have any roadmap released and are you a public or anonymous team?
Ron:
The important milestone now is that Mech Master will IDO on October 24 on Redkite and GameFi. At the moment, all marketing activities are focused on this milestone. In parallel, from now until the end of the year, Mech Master will expand cooperation with domestic and foreign game and technology partners to equip Mech Master game with outstanding advantages in terms of images, security and some orientation on multiplayer gameplay (never appeared on the market).
Q10 from Telegram user @dondetect:
Mech Master has great potential and people are getting crazy about this project, but there are still many investors that don’t know about it. Do you have any plans to reach more investors?
Ron: As of today, we’ve already closed our private round. So that means we are not going to find any more investors in the near future. However, when we’ll need resources to grow, yes, we might need more investors. But for now, we think we’re good at least for another year or two with the current support of our investors.
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
Hello,
Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to
introduce to you the AMA session with our friends from HYVE and our guest was @tstomff. The AMA took place
on 22 October.
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 community
Gold
Rocket | Satoshi Club: We are greetings you again, our
dear Satoshi Clubbers! We are pleased to announce AMA with HYVE.
Today our guest is @tstomff 😊
Jonah
🏅🎹 | Satoshi Club: Hello @tstomff welcome
to Satoshi Club
Tudor
Stomff: Hey guys, it’s a pleasure to be here, I’ve heard
from several friends that their Satoshi CLUB AMA was the best they’ve had so
I’m excited for today
Jonah
🏅🎹 | Satoshi Club: We are super Excited
and Glad to have you here 😊
Gold
Rocket | Satoshi Club: Nice to e-meet you ❤️
Thanks for your kind
words ☺️
We really appreciate it😍
Thanks for joining!
Let’s start! Introduce
yourself please. How did you get to be involved in crypto & HYVE
Tell us please about
your position in HYVE
Tudor
Stomff: Hi guys my apologies for the delay, I have some
connection problems and the message I wrote didn’t get sent let me rewrite it
please
Gold
Rocket | Satoshi Club: Take your time please😊
Tudor
Stomff: So I have been in the industry since 2013, having
been introduced to Bitcoin and everything by one of my good friends, Dragos; who
was actually here a few days ago from what I remember. In addition to that, I
have been a tech entrepreneur for most of my life and at some point around 2017
these two areas of my life started intersecting each other and eventually
merged as I started focusing my time and energy on building blockchain
startups.
Our first startup in
the industry was Bountyhive, which eventually became one of the largest
marketing agencies in the industry with a portfolio that comprised over 200
clients, including names such as Waves and Pundi X just to name a few.
Bountyhive also had its own platform, where users could solve micro-tasks, i.e.
twitter shares, writing an article, doing a translation etc and in return get
rewarded with some tokens, basically bounties. The platform grew to over
200,000 users within a year and a half and so that’s where the idea of HYVE
originates from.
HYVE is a lot more than
that, but we’ll touch on that later. To answer the second question, I am a
co-founder, along with Dominic, our CTO, who has been my co-founder in
Bountyhive and all the other things we’ve worked on in the last 10 years and
Brad, our CSO who has been with us for 4 years now. Brad is also a successful
entrepreneur with several exits, having been a VC as well for a while. Brad
still runs a company now as well.
As for my role, it’s
that of CEO, meaning I make sure that things are delivered on time and with
good quality and have the overall outlook of the different departments in our
company and make sure they work well together.
Gold
Rocket | Satoshi Club: Wow! great background! you are an
early bird😁🔥🔥🔥
Give us a brief
introduction to the project. What is the essence of HYVE.
Tudor
Stomff: Haha, I have Dragos to thank for that, but yeah
it’s been quite an amazing journey since first joining
Gold
Rocket | Satoshi Club: All of us, like Alice, dive down
the crypto rabbit hole and live in this amazing adventure 😍
Tudor
Stomff: In one phrase; HYVE is a cross-chain protocol that
aggregates every kind of service or goods in one single directory.
Simultaneously, HYVE is open infrastructure for anyone who wants to build a new
service platform, a new marketplace or generally speaking a new blockchain
platform.
In one sentence; HYVE’s
first application, is the Amazon of work. As for the HYVE Ecosystem, it’s
shopify for blockchain platforms.
I’m making a difference
because HYVE is an ecosystem, on which you can build things. To showcase some
of the things you can build on HYVE, we’ve build a cross-chain collaboration
protocol and aggregator.
This means that the
collaboration app can handle anything from tasks, contests, competitions,
offers, bounties, scholarships, grants and sponsorships in one place. The app
is actually live but we’ve only had our first deploy from a longer series, but
everything I’m talking about is planned to be deployed before EOY or in Q1
latest.
As an example of
companies you can build on top of HYVEs infrastructure, think about things like
Uber, Airbnb or Foodpanda.
Gold
Rocket | Satoshi Club: You have really ambitious
revolutionary ideas!👏👏👏
Tudor
Stomff: Most importantly, everything that HYVE as an
ecosystem does, revolves around the $HYVE token, adding not only tremendous
use-case with built-in game theoretical incentives but also ensuring that a
proper token economy is established within the ecosystem which in turn
generates value for the protocol and ecosystem as a whole.
Jonah
🏅🎹 | Satoshi Club: This is impressive 👏
Gold
Rocket | Satoshi Club: We would also like to hear from
you about the team. Who is at the core of the team and helps bring your ideas
to life.
sounds amazing.🔥
Tudor
Stomff: Sure. We have quite an extensive team at this
point, let me try to do a short breakdown:
Executives: 5 people;
Dominic, our CTO who takes care of tech, Brad our CSO who helps us with advice
and strategizing things, Anca our CMO who handles the marketing department,
Adrian our CFO who takes care of finances and then myself.
Design Department; 3
people; Hrant is the creative director who takes care of one UI/UX designer and
one jr. designer.
Marketing Department;
14 people without the CMO; Anca leads the team which is composed of 1
copywriter, 1 Advertisement Specialist, 1 SEO specialist, 5 team-members, and 6
community managers
Operational Department;
6 people; Alexandra leads the department, they take care of everything from
office supplies, getting new laptops, invoices etc. The department has our
Office Manager, Petronela and 4 other members.
Development Department;
25 people; We have 7 blockchain developers, 5 back-end developers, 4 front-end
developers, 2 web3 specialists, 4 mobile developers and 3 project leaders
We also have 4
advisors; Zac Cheah, the CEO of Pundi X, David Orban, Tony or JRNY Crypto and a
hidden advisor we haven’t announced yet but that I’m sure everyone will love.
Gold
Rocket | Satoshi Club: Wow! Real dream team🔥🔥🔥
Is your team anonymous?
Tudor
Stomff: Not at all, we’re all public and have been public
for quite a while.
Finding most of us is
one google search away actually
Gold
Rocket | Satoshi Club: Thanks for great introduction, we
have several questions which were selected for the 1st part. Ready to start?😊
Tudor
Stomff: Sure, let’s do this
Q1 from Telegram User
@Pavel_Jarosh
Let’s
talk about Hyve Protocol Verified Tasks — you state that due to their nature,
tasks using the HYVE Protocol are selfverifying entities. The task issuer
creates the task, ties an identifier to it and then implements the HYVE
Protocol Framework in his environment. As soon as any of the task fulfillers
completes the task conditions,
the
smart contract is notified, validating the entry. Here appeares the first
question: how long does it take for the creator to complete its manipulations?
Depending on the task complexity it might be even more difficult to create them
than to check personally? Is it also possible to create the verification list
(as draft) for the same tasks in future? Thank you!
Tudor
Stomff: Adding the HYVE Framework to your app or protocol
is a straight forward process that can be completed by any developer regardless
of seniority. The process of implementing it is similar to analytics or
debuging modules like sentry.
After each event that is
relevant to the job you posted (onboarding finished, driver arrived at
location, any event which can be measured objectively) you add the line of code
that notifies the HYVE Framework, which does the rest of the work.
Connecting your app to
the protocol is the only step needed for your job to function. And as for
reusing, there is no need, implementing the protocol for a new task / new
verification is just a few lines away.
Gold
Rocket | Satoshi Club: it looks simple and elegant
enough. do you have any beginner guides?
Tudor
Stomff: We will be posting a full documentation for the use
of the HYVE Framework when the APIs and everything will become public, which
still hasn’t happened but will happen soon enough. We’re just taking things one
deploy at a time.
Gold
Rocket | Satoshi Club: Step by step. This is a very
correct rule of life.😁
And now it’s time for
the second question! And many thanks for the detailed answers. 😊
Q2 from Telegram User
@Emnking
During
a recent AMA you conducted with Kucoin, you stated that in the third and fourth
quarter of 2021, Hyve’s main focus will be the onboarding of companies that
want to build on HYVE and/or use HYVE directly. You also mentioned that you
will also be offering some Grants for great projects that build on top. How far
has this process been? So far, what are the companies that have invested in
Hyve and are using Hyve directly? As regards the Grants, what will be the
criteria a project or company ought to possess before getting this grants? How
do you plan on distributing this grants to eligible companies and projects?
Tudor
Stomff: Yes we will be offering grants through a Hackathon.
We will be releasing more information about our first Hackathon within this
quarter. As for the criteria, you will need to build something useful on top of
the HYVE Ecosystem and have a team capable of bringing that idea to fruition.
We already have a
partner for organizing our hackathons which is well-known and trusted by people
all over the world, though we haven’t released that information yet so please
wait a bit to find out all the details. But yes we will be holding them and
everyone with a cool idea who is able to build it will be able to participate.
Gold
Rocket | Satoshi Club: you intrigued us very much. and we
will really wait for this news from HYVE🔥
Tudor
Stomff: Thank you, I’m glad to hear a community of this
level values our project
Jonah
🏅🎹 | Satoshi Club: How will you verify
the team and projects
Tudor
Stomff: The team and projects will be verified by a board
of people in collaboration with the hackathon organizer
Jonah
🏅🎹 | Satoshi Club: Great
Gold
Rocket | Satoshi Club: thanks a lot for the answers
Аre you ready for the
next question?
Tudor
Stomff: Sure
Q3 from Telegram User
@yellowchamp
One
of the upcoming plans of Hyve is providing a grants, scholarships, and a sponsorship
categories that includes sportsmen. So,with this upcoming plans of yours,how
can anyone be eligible to apply scholarship in your platform? As you provide
grants, scholarship and sponsorship,do you have any collaboration like schools
or company that will help you realize your upcoming plans? Would you give some
overview what kind of scholarship and grant you are offering and who will be
the person that you are aiming to avail this scholarship and grant? Thank you
Tudor
Stomff: Sure, I think this has been a bit misunderstood.
There are 2 cateogories:
1. HYVE will be
offering some grants to developers for building on top of the ecosystem. This
will be done through our partner which is soon to be announced.
2. HYVE will offer
collaboration methods which include grants, scholarships and sportsmen.
What this means is
that:
a) Universities will be
able to find great students to offer scholarships through HYVE. Companies,
Research Institutions and Individuals can choose to do the same if they want
to.
b) People will be able
to offer sponsorships to atheletes, singers, youtubers etc in return for them
wearing the brand or something similar.
c) The same as above
but with grants. For example Avalanche could reward some of their grants
directly through HYVE and make the whole process easier.
Tudor
Stomff: People will be able to use HYVE to interact with
each other in almost every possible way. Making collaboration between people
truly borderless and easy in all possible regards.
That’s why we are
focusing on adding additional collaboration methods. Grants, Sponsorships and
Scholarships are just some of the collaboration methods we’ll be adding in the
very near future. There will be more over time.
Gold
Rocket | Satoshi Club: Thank you very much for sharing.
and for a detailed answer! are you ready for the next question?
Tudor
Stomff: Of course
Q4 from Telegram User
@Jmagsss
What
I like on your platform is your feedback mechanism and its underlying features.
Hyve allows users to rate and send feedback to one another after an
exchange/transaction. Furthermore, any disputes and concerns about the feedback
shall be tackled on Hyve’s courtroom or “sub-courts”. How does Hyve process
each disputes? Is there a third-party entity within this courtroom to promote
fairness?
Tudor
Stomff: Yes. For now, we will be handling all disputes
through Kleros, which is specialized in arbitration and we like their product a
lot. Over time, we will have our own in-house solution for this.
Jonah
🏅🎹 | Satoshi Club: How does kleros help
you handle this?
Gold
Rocket | Satoshi Club: By the way, please share your
roadmap with Satoshi Clubbers.😊
Tudor
Stomff: Well they have built an entire ecosystem around it
which is based upon game theoretical principles and schelling points. Here is a
short article by Naval which goes over schelling points. This should make it
easier for everyone to understand how Kleros works: https://nav.al/schelling-point
That’s one of the basic
principles behind the Kleros arbitration.
Gold
Rocket | Satoshi Club: Oh… Thanks for sharing ☺️
interesting ecosystem
Tudor
Stomff: Sure. Until the end of this year we have quite a
few things prepared
– anounce a new advisor
– announce two new
listings
– release the API and
its documentation
– finish the full
deployment of the HYVE App and have it live on at least 3 different
blockchains, probably more
– continue adding
functionalities to both our launchpad and the app; including being able to use
the launchpad to raise money in return for selling a portion of your
“Hyve” and I mean the feature not the coin. In simple terms, similar
to normal startup funding, but it can be for anything from a sports team to a
marketing agency or a tech startup that has chosen to organize as a DAO by
creating a Hyve which they govern between themselves and whoever else will be
joining the Hyve in the future, such as people who buy shares in the Hyve.
– announce several
partnerships
– on-board new
companies, universities etc to use HYVE
– expand the team by
another ~5-10 people
+ all of the normal
daily activities, marketing, operations, continuing to develop, updating
website, pitch deck, whitepaper etc
As for roadmap over 2
years, if that’s what you meant, that is quite packed to be perfectly honest, I
think we’ll make a separate document for it or something
And yes I’m ready for
the next question
Q5 from Telegram User
@victorogb
Reading
the HYVE whitepaper, I noticed an interesting mention of a special group of
persons within the ecosystem, generally referred to as “Hyves”. From
information gotten, Hyves will almost certainly function as a DAO within your
platform. As this will be an important group on the HYVE platform, can you
carefully elaborate on the duties, privileges, functions and rights of the
Hyves? How can your users and community members become HYves, are there
specific requirements to met? Finally, since Hyves exercise a lot of influence
on platform operations, are these privileges and powers conferred on them based
on a tiered or rank structure?
Tudor
Stomff: Yeah that’s exactly what I was talking about in my
previous message. And sure, I would love to elaborate.
Any two or more users
can choose to form a Hyve. A Hyve can be formed of users, or of other
Hyves, or of a mix between the two. A
user can even create a Hyve of which he owns 100%; because maybe he will give
shares of his Hyve to other people, but just not yet.
Hyves are essentially a
self-contained DAO within a larger DAO (The HYVE Ecosystem). These DAOs can
function in whatever form they wish to. What that means is they can choose to
solve tasks, jobs or maybe they instead want to hire people to solve tasks for
them, since Hyves can have their own employees, without requiring that an
individual working with the Hyve needs to have shares. The people owning a
Hyve, can sell some of their shares, either through an offering on HYVE Launch
or simply on a secondary market which we will build that is exclusive to Hyves
that want to become listed.
A Hyve is in essence a
decentralized startup. You can do with it as you wish. As long as the Hyve
casts a vote, and the shareholders of the Hyve agree, the Hyve can do as they
see fit. Naturally they have to respect the normal order of things and be
lawful, but Hyves are completely self-governed, we only offer the necessary
tools, what everyone does next is their own choice. As the old adage goes, you
can lead a horse to water but you can’t make him drink.
Tudor
Stomff: Hyves are not limited to the HYVE Ecosystem either.
You can open a Hyve to handle the internal governance and have your activity take
place somewhere else. Though that is unlikely, since you could take care of
pretty much any activity you might need through HYVE directly.
HYVE is a global
directory and a place where people get together and build cool stuff.
Gold
Rocket | Satoshi Club: Thanks for clarifying!
Please tell us how
secure is your platform? did you have any audits or plans for the future?
Tudor
Stomff: Yeah, we’ve been audited by Certik and CyberUnit
As for security, we are
an experimental piece of software, half of what we do has never been done
before after all. Recently to make something in our architecture work we’ve
actually had to come up with a new standard of doing things which we actually
plan to implement and propose as a proper ERC standard which can be used by
other people. Despite that, I believe we are as secure as a Dapp could be. We
will also try to evolve with the times and keep improving this.
Gold
Rocket | Satoshi Club: thanks for serious attitude to the
issue of safety.
Thanks for detailed and
honest answers😊
Ready for the last
question of this part?
Tudor
Stomff: Well you’ve been asking me all this time but I
don’t feel like we’re at the point of having a break yet
Let’s go for it haha
Q6 from Telegram User
@Highpee
Congratulations
for your MainNet that was released yesterday. Can you share with us updates
from the MainNet launch and how the reception has been so far? I discovered
that some areas are still greyed out which means not all of your features are
available. So, I will like to ask which functions have been released and which
of them are unavailable this launch? How long will it take for you to fully
release all your features securely for public interaction? I also saw that your
first cross-chain interaction is going to be with polygon. Why will you bridge
with polygon first? When will your cross bridge be ready and when will users be
able to interact with your project across many chains?
Tudor
Stomff: We have chosen to deploy features individually
because that ensures a smooth process. All the greyed out features will be
available by the end of the year with some extra features as well. We have
chosen Polygon first because of the low-fees and large number of users. We will
be bridging the platform to Polygon and BSC in November, most likely in the
first half.
Gold
Rocket | Satoshi Club: it’s very soon!🚀 By the
way, what marketing strategies do you use for your promotion?
Tudor Stomff: We wrote about some of the marketing activities that will follow in the upcoming period in this article: https://latest.hyve.works/hyve-mainnet-v1-0/ in the marketing section
Gold
Rocket | Satoshi Club: Thank you very much for sharing.
Now get ready for the most emotional part of our AMA – live questions!!! 🔥🔥🔥
Tudor
Stomff: Let’s start, I’m looking forward to it
Part
2 — live questions from the Telegram community
Q.1 from telegram
username @highpee
HELLO
🙋♂️
One
of your product is HYVE LAUNCH – A LAUNCHPAD. This launchpad will not just be
for fundraising, but you said users can create their own tokens and staking
vaults using this function. What type of tokens can a user create and will it
be limited to a particular blockchain? How will project or use this launchpad?
Tudor
Stomff: You will be able to create tokens on all the chains
we support. For starters it will be Ethereum so ERC20 and then we will
implement Polygon, BSC and 2 other surprise blockchains.
And yes projects can
create staking vaults, liquidity mining vaults, create tokens, and even run
their own governance. Hyves can also do the same if they want to.
Q.2 from telegram
username@Sambalkacang
Hello
sir, @tstomff
Do
you have ambassador program in your project?
Tudor
Stomff: It hasn’t started but we are planning to start one
soon yes.
Q.3 from telegram
username@JoanaZ
➡️➡️ I read that you were associated
with the PUNDI team, but what is the objective of this association? What do you
want to receive from them and what are you going to give them back? And what
will you create together?
Tudor
Stomff: Zac is my good friend and an advisor to HYVE.
Additionally, HYVE has ordered an initial batch of 20,000 co-branded HYVE XPass
cards which our users will be able to use to pay with crypto at any XPOS in the
world. In the future I’m sure there will be more ways for us to work together
as well.
Q.4 from telegram
username@Pratze
cant
deny that NFT become hype and popular this year, so do you have plan to make
development about NFT for HYVE platform ? if yes what kind of NFT ?
Tudor
Stomff: We are considering doing a partnership with a
company in the NFT space that has worked with some other big names to do cool
one-off events involving NFTs for larger companies.
But there’s no need for
that since you could just find a team through HYVE and create your own NFT
project along with them 🙂
Q.5 from telegram
username@huormi
Do
you have any control over the content that will be posted on the platform ? Can
you remove something if it’s not appropriate ? If you do, who will manage this
process ?
Tudor
Stomff: At first yes, it’s managed by the team. But at some
point this will be handled by curators from the platform exclusively.
Q.6 from telegram
username@Pavel_Jarosh
Hyve
pays more attention to payments considering them crucial in all the relations
chain between users. There will even be a possibility to set a scheduled system
that disburses the payment at a certain period. Please provide more details on
this delay. When exactly is the payment unlocked? Should the party B meet
certain criteria set by party A to get it unclocked?
Tudor
Stomff: That is correct, that’s exactly how it works. The two parties agree on a set of objectives
and deadline and then this is stored on chain and has to be respected by both
parties.
Q7. from telegram
username@victorogb
I
noticed that the project had an inception as far back as Q1 2018. However, most
of HYVE’s development and product integrations didn’t start until Q2 2021 to
current date. May we know what might have caused this delay with project
development?
Tudor
Stomff: Well, first of all you have to understand that’s
when we started working on the idea. We have had to figure out a lot of issues
before being able to actually start working on implementing the ecosystem,
because HYVE is founded sound economic principles which are applied in an
ingenious manner with the purpose of building a completely self-sustainable
autonomous organization that is governed by the members of the community. This
is not something you can launch in a night like a new DeFi farm for example. So
it wasn’t really a delay of any kind, but rather just time for ideation,
setting up the team, and then delivering step-by-step.
Q8. from telegram
username@Einsteinyl
HYVE
project is great. can i get information
regarding how to become whitelist of HYVE token Private Sale? Also How about
IDO, where will be listed?
Hyve
has Built in burn mechanisms, Can You tell more about it?
Tudor
Stomff: Sure. The main burning mechanism is when paying for
a fee in HYVE. That HYVE is burned irreversibly. We have a few other burn
features within the ecosystem but they are a bit more complex and so we will
publish an article or a paper describing the exact mechanisms of those.
Q.10 from telegram
username@Erik658
I
see $HYVE your project is very interesting and very good. Will there be a
collaboration with several influencers to improve the technology that is
already there, sir?
Tudor
Stomff: Yes, we already work with several influencers,
including large names like Jrny and MoneyKing and we will continue to expand
this list in the next few months quite a lot.
Q.11 from telegram
username@cindy0666
Interest
in crypto platforms is intense. It is very popular in every country. However,
many are ignorant and afraid of getting involved. How can you attract these
non-crypto users and investors to the HYVE Platform?
Tudor
Stomff: Well HYVE is built for non-crypto people as well.
Anyone can benefit from being able to find a job during these trying times that
we are all facing as a species due to Covid. Also, we will be implementing HYVE
Login which will allow users to access HYVE with a google or apple account for
example
Q.12 from telegram
username@hansoyeon
One
detail that caught my attention in HYVE is that HYVE wants decentralization but
it has an existing CEO, don’t you think this is counter logic? Does the CEO
have an influence or role in governance? How does HYVE plan to achieve
decentralization?
Tudor
Stomff: It is normal for HYVE to have a CEO because someone
has to spearhead the operations and continue the development of HYVE. For now,
that CEO happens to be me, but that doesn’t necessarily have to be the case
forever. Once the governance is fully implemented, if people really wish to,
they can vote to remove me and instate a better suited CEO. And even leaving
governance aside, if the team or the community actually thought that I am doing
a bad job, there wouldn’t be a need for a vote as I would resign myself. My
objective is for HYVE to work and to work to the best of its capabilities
because this platform and ecosystem can really enact change in the world in a
positive manner. If there’s a more suited individual who can take on that role
and lead the organization forward I would be more than happy to have them do
so. After all, the way that HYVE is built is specifically so that in the end
everyone wins. This is not a zero-sum game and so egos don’t really play a role
in such an organization as their necessity is already obsolete.
Q.13 from telegram
username@Kathdm
💫I
read that HYVE is launching a Launchpad called HYVE LAUNCH. How did this idea
of launching your own Launchpad come about? What kind of projects will HYVE
LAUNCH support? How can we (HYVE holders) participate in those Launchpads? How
many HYVE tokens do we need to be able to have a ticket in the launchpads? Will
you give priority to the holders who have more HYVE tokens?
Tudor
Stomff: Well, first of all our launchpad is a bit different
from traditional platforms. First, it offers infrastructure for project owners
by allowing them to create their tokens, staking vaults, liquidity mining
vaults and run their governance. And since people can build projects on top of
the HYVE ecosystem we figured why not give them a helping hand and jumpstart
the ecosystem. Second, HYVE Launch is not simply for projects or IDOs but
rather it is also built so that people who establish a Hyve will be able to fundraise
for their own Hyve through the Launch component.
Anyone can participate
by staking HYVE tokens and yes there are different tiers with different
benefits.
Q14. from telegram
username@sweetdoge
People
really loved NFT’s and NFT market is still growing in the world and the hype
isn’t over so I am wondering are there any plans you to create a marketplace
for NFT’s?
Tudor
Stomff: HYVE is a global directory of services and goods.
While we have started with services, in this case collaboration, we will also
add all type of goods. Now NFTs are a type of good so there will naturally be a
category for them but we will not build a platform whose sole purpose is being
an NFT marketplace. What we will have is a global directory of goods and items,
which can include anything from clothes to NFTS or even motherboards. It
doesn’t matter.
Q.15 from telegram
username@slla1112
What
are the income sources of the HYVE platform? In the current market conditions,
both the blockchains and the gasoline prices of the projects tire users. Could
you talk about HYVE’s gasoline fees?
Tudor
Stomff: HYVE has several different revenue streams:
1. Platform fees when
posting a task, job etc
2. Platform fees when
posting an item / good
3. Subscriptions for
those that want to use the HYVE App Marketplace extensively
4. Ad Revenue for those
that want to promote their services
5. Protocol fees from
all the projects building on top of HYVE
6. Marketplace fees
from app developers
7. HYVE Launch fees for
fundraising
8. HYVE Launch fees for
staking vaults
9. HYVE Launch fees for
liquidity mining vaults
10. HYVE Launch fees
for governance as a service
These are just some of
the revenue streams we’ve envisioned for HYVE but it is not the full list by
far. And yes, all these revenue streams flow back into the ecosystem creating
value for the protocol
Part 3 – Quiz Results
As usual, for the third
part, Satoshi Club Team asked the chat 4 questions about the crypto project. A
link to a Quiz form was sent into the chat.
For
more information and future AMAs, join our Social Media channels:
Hello,
Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to
introduce to you the AMA session with our friends from Maison Capital and our
guests were @jc_maison and @janefosters. The AMA took place on 21 October.
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 community
Mary | Satoshi Club: Hello
Satoshi Club! We are happy to announce our AMA session with Maison
Capital! Welcome to Satoshi Club😀
D. | Satoshi Club:
today our guests – @jc_maison and @janefosters !
hi guys! happy to have
you in Satoshi club!
how is it going? 👀
Jane Fosters:
Thnak you for inviting us! We are very happy to pariticpate in AMA with you.
Let’s begin!
Mary | Satoshi Club: Welcome to Satoshi Club 👏
We are happy to see you
here today 😊
And let’s begin!
Could you please
introduce yourself and tell us more about Maison Capital 😀
Jane Fosters:
The idea of Maison.capital creation appeared after our user-experinece with
other launchpads. We’ve seen their downsdies and deficiencies and understood
that we can make better. Maison is something more than just a launchpad. In
Maison we tried to make easier the innteraction with the platform and made a
comfortable interface for the user. Also, we’ve added cool benefits, to expand
our token utility: farming, staking, referral program\ smart vaults and many
other features, with them you can get aquainted in our AMA session.
D. | Satoshi Club:
nice! kinda curious to find out more about all your functionalities 😉
Mary | Satoshi Club: So many features in one platform 👍 it will
be interesting to see it live. Btw, is it already live?
D. | Satoshi Club:
also, could you tell us a few words about team behind the project? 😊
Jane Fosters:
Some of the features are already working (staking,farming pools, expanded
referral program). Also, tomorrow our first launch of IDO wil be held, the
other features will appear considering our roadmap on our website.
D. | Satoshi Club:
[ 👍 Sticker ]
Mary | Satoshi Club: [Cool👍
Jane Fosters:
We will be happy to tell you more about our unique tools that we already have
and that will be realised in the future 🙂
Mary | Satoshi Club: Sure👍
D. | Satoshi Club:
@janefosters do you want to add something else to this intro, or we can open
the first part of our AMA? 😇
Jane Fosters:
we are a very high-experienced
international team
Let’s start!
Q1 from Telegram user @Orlemys
Nowadays there are many protocols with plans to
become the All-in-One DeFi App. They offer everything, from utility tokens to
launchpads, and even NFT Marketplaces, it is truly mesmerizing. It seems to me
that Maison Capital has a similar purpose, so why should we invest in this
project in particular? What makes you stand out from the crowd? Are there more
benefits and rewards in this project? Will the token value reach astronomical
heights? Why should I invest?
Mary | Satoshi Club: 👀
Jane Fosters:
We know that many projects have their unique features in the market. The
feauturs that differ us from other launchpads is our unique 5-level referral
program, where you can earn additional $MSN tokens. The refferal programm is used
in staking, farming IDO and smart vaults. You can use it approximately on all
tools inside the Maison’s ecosystem.
Mary | Satoshi Club: Interesting feature!
Jane Fosters:
Also, another one of our unique feature is…
Despite the other
launchpads on the market we want to make a whole ecocystem for traders and
investors, the amount of which is very big now
Mary | Satoshi Club: That’s awesome! Hope you will be able to build it!
Jane Fosters:
Moreover, we are one of the launchpads that saw the potential of CIS market and
we are successfully developing in it.
Mary | Satoshi Club: 👏
Thank you for your
answers! Ready to go to the next question?😄
Jane Fosters:
If speaking about the perspective of token growth. Currently, the project is
only on its start (1 month) and has
small capitalization.
yes, we’re ready
Q2
from Telegram User @chinyere2020
According to your website, you have DeFi and NFT
investment packages. Can list and explain the available investment packages
that are available? Are the investment packages available for every user? What
is the minimum required for an investor to invest in any of your investment
packages? Do users or investors stand any risk of loss of investment and how
can such risks be managed? What is the difference between your “DeFi and NFT
investment packages” and your “Smart Venture Vaults”?
Jane Fosters:
These packages currently are not available yet. We are still working on
them, we will tell you more about those
projects more closely to its launch.
Mary | Satoshi Club: Gotcha! We will wait for the updates from you!
Ready to jump to the
next question?😄
Jane Fosters:
the difference in the vaults is the variety of assets inside the particular
vault.
bring it
D. | Satoshi Club:
💪💪💪
Q3 from Telegram User @NataliyaKil
I learned that every user and the community as a
whole is very important to Maison Capital, so you developed a tiered referral
program. Can I see a table of the distribution of rewards for referrals
somewhere? For how many generations down will I receive rewards and what% when
inviting new users to Maison Capital? What is the main condition my abstracts
must fulfill in order for me to receive a reward? And is there a limit on the
amount of referral link I generate?
D. | Satoshi Club:
so how referral system works? have you implement any protection against people
who try to cheat the system, using bots or something else to gain their
referral score?
Mary | Satoshi Club: It’s written there that number of rewards can
decrease. Do you have straight conditions when this will be possible?
Jane Fosters:
In order to receive a referral reward, it is necessary that the partner you
invited invests in staking, farming, IDO or smart vaults. Then you will receive
a bonus in accordance with your status and rank in the system.
D. | Satoshi Club:
oh, gotcha. smart 😊
Mary | Satoshi Club: 😄
Jane Fosters:
The project is not negatively affected if users will make multi-accounts. For
this, you need to purchase tokens, get a rank, which is not profitable for
bots.
D. | Satoshi Club:
understood! thank you! we proceed to the next question 😊
Q4 from Telegram user @Lestmarisv13
All members of the Maison community can influence
company decisions regarding the allocation of funds and profits, the direction
of development, and other factors that determine community success through
voting. Requirements to participate in governance? Who can access governance?
What kinds of decisions can the community participate in?
Jane Fosters:
Regarding the reduction in the size of the awards. It means that when the rate
increases, MSN can reduce the size of the award in MSN, but the dollar
equivalent will also be 5% of the amount for 1 line
Mary | Satoshi Club: 👍
Jane Fosters:
Good one
All members of the
system who have a $MSN and also depending on the status. The community can
participate in the selection of a project for IDO, in the further development
of the project and in the selection of tools for implementation on the
platform. We also have an investment fund and the community will decide where
to use these funds.
Mary | Satoshi Club: How many tokens user need to hold to participate in
governance?
Jane Fosters:
We will share more details closer to the governance release and features that
will be involved in it
D. | Satoshi Club:
[ 👍 Sticker ]
sounds good
Mary | Satoshi Club: Gotcha 👍
Thank you for your
answers! Ready for the next question?
👀
D. | Satoshi Club:
while we are waiting for the answer, i will post the next question 😉
Q5 from Telegram user @Cheriemike
The AI based robotic system can sometimes be able to
generate indexes automatically and quickly redistribute funds to obtain stable
profitability.And your platform have promise to provide its users with the
opportunity to invest in such indexes.My question is,what key strategies will
you provide for users in other for them to obtain stable profit when they
invest in the Indexes you will provide?Apart from indexes,will your AI system
analyze vast amounts of historical data to identify the best performing pools,
eliminate risky pools, find the best entry point and arrive at the optimum
position? Thanks
Jane Fosters:
To participate in the polls, the user must receive at least the first status by
sending $ 100 MSN (Life Peer) to staking or farming. More details about the
ranks are written on our website: maison.capital
Mary | Satoshi Club: Thank you 👏
Jane Fosters:
Analytics and processing of a large amount of data(big data) that the average
person would not be able to handle. There will be many smart vaults to choose
from, with different strategies and degrees of risk.
Mary | Satoshi Club: Thank you
for your answers! Ready to go to the 6th and last question from this part?😄
Jane Fosters:
yes, let’s continue 🙂
Q6 from Telegram user @MudaraSilva
You have planned to launch a vault called “Sir Cecil
index vault” in the next quarter. Although I have heard about many vault types,
I am not familiar with this type of vault. Can you give a sneak peek of this feature?
How does it differ from other vaults on Maison Capital? Moreover, your roadmap
ends from the Q1 of 2022. Compared to the current situation of your project,
how do you see yourself at the end of the first quarter of 2022? Don’t you have
any longterm milestones to achieve? What type of ecosystem can users expect at
the end of the development activities of your project?
Jane Fosters:
We do not disclose details about the “Sir Cecil index vault” at the
moment. As the goals of the project are achieved, the roadmap will be
supplemented. There are, of course, long-term goals, and we strive to become
the most popular and convenient ecosystem for investing in the cryptocurrency
space.
Mary | Satoshi Club: We understand!
When everything will be
ready don’t forget to share with us ☺️
And we will have live
part now 🎉🎉🎉
Part
2 — live questions from the Telegram community
Q.1 from telegram
username @LMGalaxy20
Hello
Sir,
How
much is the total Supply of $MSN tokens? And Can you Share Contract address of
$MSN token with investor’s? Does $MSN
token Support BEP-20 Address? Would you Share some information with user’s?
Jane
Fosters: Total supply of $MSN is 10.000.000 and it is
constantlly decreasing beacuse of 0,5% burn.
As you can see, all the
high, medium and low security issues were passed successfuly
Q.4 from telegram
username @JaviSuBs
Maison
Capital, how safe is your smart contract? how many audits did your contract go
through? How can we become an influencer, what are the steps to follow? What do
influencers get and how do we get more $ MSN tokens? How is rank level managed
in your project? @janefosters
Jane
Fosters: We take security seriously and already passed one
audit and plan to do more because our community is heart of the project
Regarding influencer
program we had professional influencers working on it and we care to benefit
every participant of the platform and reward them for their impact. You can
apply to become an influencer through the form at our website maison.capital
and check all the benefits and details in our influencer proposal offer that
are attached on the form
Q5. from telegram
username @DidoJ56
Hi🙋♀✋🧕
Where
can I buy MAISON CAPITAL token and will KYC be required for registration and
what is the minimum token needed for investing?
The minimal status
(Life Peer) on the platfrom is 100 $MSN, which need to be in staking or
farming.
Q6. from telegram
username @labsea
As
I explored the website Maison Capital project is really promising but how do
you plan to raise awareness for Maison Capital project to people who still
don’t know it and reach more investors and holders?
Jane
Fosters: Thank you for this one. There is high skilled team
working on our marketing every day. Besides that we believe that our beneficial
referral program (https://maison.capital/maison_influencers_en.pdf
) will help to gain explosive exposure because we are strong as each memeber of
our community
Q7. from telegram
username @tomo_fan
I
don’T see any Farming/Satking Program on the Platform which many users love,
Do
You plan to bring Farming/Staking any time soon?
–
What does it take to become a Maison Capital influencer? Do I need to have a
specific number of followers? In which social networks do you require
influencers?
Jane
Fosters: Now a large number of good influencers from
different sites Twitter, telegram, youtube are joining the Maison project. If
you want to become a Maison influencer and collaborate with our project, you
need to have a real audience and no markups. We control this carefully and do
not support bots. We are always glad to cooperate with good influencers.
Is
the user interface of the Maison Capital platform accessible and user friendly
for those users who are just starting out in DeFi? Do you have tutorials on how
to use your platform?
Jane
Fosters: Yes, we tried to provide the community the most
user-friendly interface at our platform and we already have a lot of tutorials
regarding all the features which are already implemented. You can check our
medium to see everything by yourself
And if you’ll have any
questions left – our admins and community mods will be happy to help you with
everything 😊
Q10. from telegram
username @Crypto_84
Your
Referral Program is out for IDO, Can You provide more information on this?
Jane
Fosters: If your referral link is used to invest in IDO, you
will receive referral bonuses for 5 levels in BUSD. The referral link can be
found in the cabinet (dashboard) on the app.maison.capital.
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 TrustedNode and our
guests were @NicSpu @Gniar and @srust99. The AMA took place on 21 October.
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 community
Mary
| Satoshi Club: Hello
Satoshi Club! We are happy to announce our AMA session with TrustedNode!
Welcome to Satoshi Club😀
Jonah
🏅🎹 | Satoshi Club: @NicSpu @Gniar and
@srust99 welcome to Satoshi Club 👏
Stefan
Rust: thank you
JST:
Thank you Jonah for having us here
Stefan
Rust: glad to be here
Mary
| Satoshi Club: Welcome here, guys! How are you today? 😀
Stefan
Rust: doing great
Mary
| Satoshi Club: Excellent! So, now we can start our AMA
🚀
And let’s start with
intro 😀
Could you please
introduce yourself and tell us more about TrustedNode?
Stefan
Rust: I am Stefan, the former CEO of bitcoin.com and have
been in crypto since 2012.
I’ve been building
developer communities around the world for globally leading technology
companies pretty much all my career, both as entrepreneur as well as for Java
at Sun Microsystems.
At Trusted Node we have
pulled together an amazing team with an aggregate 30+ years of experience in
crypto and then in technology as well. The team have been leading product
management, development and marketing with leading companies including
bitcoin.com, crypto.com, Nest, Horizon, AAX, Amadeus.
Mary
| Satoshi Club: Wow, legend 😀 happy to e-meet
you 👍
Jonah
🏅🎹 | Satoshi Club: 30+ years is awesome
Stefan
Rust: yeah we got an awesome team
super happy to be
working with a truly passionate and committed team and group of decentralized
believers
Jonah
🏅🎹 | Satoshi Club: 👏.. Are you
all from same region?
Stefan
Rust: nope we are a global team, comprised of Americans,
Japanese, Chinese, French, Venezuelan, Brazilian
Stefan
Rust: oh and an English
Mary
| Satoshi Club: What is TrustedNode? Your main goal?
Why crypto needs your project?
Stefan
Rust: Simply said, Trusted Node allows users to become
node validators by staking their assets through our platform, keeping control
over their funds at all times
When you delegate your
funds to a validator node to secure the blockchain, your funds are locked up.
With liquid staking you can free up your funds to earn additional rewards,
while keeping base capital untouched.
we are looking to 1.
secure the networks, 2. increase efficiency of securing the networks
efficiciency of capital
while securing the networks
Mary
| Satoshi Club: It’s attractive and promises us
additional financial freedom
Stefan
Rust: as PoS started to grow, i found that i had staked
my crypto in so many chains early on where the only way you could interact with
the chains was through CLI
so 1. it was
complicated and the UX was challenging
Mary
| Satoshi Club: Which PoS coins did you stake?
Stefan
Rust: 2. a lot of people leave their crypto on exchanges,
and it is not adding value to the ecosystem and not paying rewards nor
capturing potential airdrops, and exchanges are not alwasy focused on maintaing
the nodes and don’t necessarily pass that on to their users
Mary
| Satoshi Club: True😀
Stefan
Rust: so we want to make it easy to use and share the
rewards with the users and then “boost” those rewards with yields and
provide governance particpation
Jonah
🏅🎹 | Satoshi Club: Yeah totally correct
Stefan
Rust: Eth2, cosmos, DVPN
Mary
| Satoshi Club: Your goals are impressive😀
Stefan
Rust: that was after mining
Mary
| Satoshi Club: Oh, early staker, now it’s much easier
to stake Cosmos, for example
Stefan
Rust: we really believe in a multichain decentralized
world
yes especailly if you
use the keplr wallet, you can stake straight from the wallet
Mary
| Satoshi Club: You read my thoughts) that’s directly
what i do
Stefan
Rust: it’s super easy and you see the list of validators
and you just “bond” your token with hthem and can even through the
wallet claim your rewards at any time
Jonah
🏅🎹 | Satoshi Club: Yeah… Super easy
indeed
Mary
| Satoshi Club: 👍
Thank you, guys for
your impressive intro! Now i am even more excited to read your answers to the
questions from our community 😀 we choose 6 for the first part.
Stefan
Rust: so we’re looking to combine the best of multiple
worlds into a user interface so you can mange from one interface across
multiple chains
cool
Mary
| Satoshi Club: Cross chain future is almost here)
Jonah
🏅🎹 | Satoshi Club: This will simplify the
whole process 👏
Stefan
Rust: it’s coming we still have some cumbersome bridges,
however they will get better and better
this is inevitable
Jonah
🏅🎹 | Satoshi Club: Yeah.. and very much
needed
Stefan Rust:
here the first
interface that we launched last week
and the team is already
adding new chains and working on user feedback around UXA
UX
Mary
| Satoshi Club: When do you plan to launch?
Jonah
🏅🎹 | Satoshi Club: The interface Looks
great
Stefan
Rust: thank you
sorry we already
launched
the product and staking
portal is live today
the token launch and
the vaults will come in the next few weeks
we are launching our
token early November
Mary
| Satoshi Club: Wow! Congratulations 👏👏👏
Very soon!
Stefan
Rust: yup, we’re working on a tight timeline
we want to build a
strong sustainable product and show that we are a team that deliver and execute
on our commitments
Mary
| Satoshi Club: Btw, our first question is about your
token😉
Stefan
Rust: while listening to what our users ask from us
cool
Q1 from Telegram user
@Asela1112
With
a 1 billion of total supply, $TNODE token serves as the native currency within
Trusted Node platform. You have allocated 2% for the public sale purpose while
you allocate more portions for other purposes. Why did you decide to allocate
such a small amount for public sale though retail investors wait for buying
$TNODE tokens as much as they can? Can you provide the token emission schedule?
Stefan
Rust: the biggest allocation for tokens is dedicated to
rewards
some 45%
Mary
| Satoshi Club: How we will be able to get rewards?
What users need to do?
Stefan
Rust: with a very limited amount of circulating supply
which will allow early adopters to get rewards for their ealy support and
adoption
by delegating,
participating in the governance, staking in the vaults and providing liquidity
Mary
| Satoshi Club: That’s nice! True crypto
Gotcha 👍 now we
have more incentives to use your platform
Stefan
Rust: at listing there will be a max supply of 6% which
is unlocked and the private investors are buying at the same price as the price
of the listing
Mary
| Satoshi Club: Will investor’s tokens be locked?
Stefan
Rust: the team is locked into the project for 12 months
before they can recieve any distribtuions which they are linearly unlocked over
the subsequent 24 months
yes. the investors get
5% unlock at listing and then have to also wait 12 months before a 24 month
linear unlock
Jonah
🏅🎹 | Satoshi Club: Awesome this is great
indeed for your token
Stefan
Rust: private sale price = pre sale price = public sale
price
Mary
| Satoshi Club: Can you tell us more details about
public sale?
Stefan
Rust: yes we’re looking at public sale on DEX
on uniswap and
sushiswap at first in the first half of November
Mary
| Satoshi Club: We will follow your updates for more
info😀 and of course don’t forget to share with us when everything will
be ready for the sale
Stefan
Rust: yes please do
Mary
| Satoshi Club: Thank you for your answers! Ready to
proceed?😀
Stefan
Rust: you can follow us on Twitter, Medium and Telegram
group for all the updates
Jonah
🏅🎹 | Satoshi Club: Thank you for
sharing.. 👏
Stefan
Rust: we just want to communicate through these channels
only
Mary
| Satoshi Club: No, that is what we need)
Jonah
🏅🎹 | Satoshi Club: Ready for next
Question?
Stefan
Rust: yes please
Q2 from Telegram User
@Jmagsss
Trusted
Node will be interacting with several PoS networks from various blockchains and
networks to maximize yields and staking rewards. For its initial release, what
are the staking pool that will featured your platform? Also, it would be nice
if the community can decide on what pool shall be on the platform so, can the
community propose on what pool shall be featured next?
Stefan
Rust: We are focusing our efforts around the Cosmos and
Polkadot ecosystems.
Cosmos (DVPN, IRIS,
REGEN, CRO
Polkadot (Nodle, KSM,
HydraDX, Moonriver)
In addition we will
support other major blockchains are also looking to add Cardano, Avalanche,
Polygon, Terra, Solana and maybe others.
we want the community
to tell us which ones we should focus on next.
Mary
| Satoshi Club: Any plans to add Rowan, Osmo, Juno?😀
Stefan
Rust: By staking TNODE and becoming a DAO member, users
will be able to boost their yield and earn $TNODE in addition to their
Delegation rewards.
yes we’ve already
reached out to Osmosis, that’s a cool project with great UX too
Mary
| Satoshi Club: Cool! Full of rewards platform 😀
Awesome! 👍
Stefan
Rust: Rowan and Juno are on our list now and would love
an introduction should you be able
i would much appreciate
that
Mary
| Satoshi Club: We will see what we can do😀
Stefan
Rust: thanks
Mary
| Satoshi Club: So, to stake on your platform what i
need to do? Can i connect for example with keplr wallet and stake?
Stefan
Rust: yup and you can do that right away already today
Mary
| Satoshi Club: Which wallets do you support?
Stefan
Rust: we support Keplr today
we will support
terrastation and then Metamask for now
polkadotjs will be
coming soon
Jonah
🏅🎹 | Satoshi Club: Great choices..
Mary
| Satoshi Club: Gotcha! Awesome! Easy to stake!
Thank you for your
answers! Ready to jump to the next question?🔥
Stefan
Rust: yes please
Q3 from Telegram User
@RuthPius
In
your website, You talked about “Bringing non-custodial liquid staking to
Proof-of-Stake networks”. I must say, I am familiar with Stalking but the term
“Liquid Staking” is new and unfamiliar to me and I will like to know more about
what this term entails. So please can you use this opportunity to school us on
what Liquid staking is all about? How is it similar or different to regular
staking? Are there any pros or cons users should know before getting involved
in Liquid Staking? And please can you also give us a detailed explanation on
the Custodian and Non-custodian Liquid Staking mentioned in your website?
Stefan
Rust: that’s a loaded question
Mary
| Satoshi Club: Take your time 😀
Stefan
Rust: liquid staking is that you keep your base capital
which can still be earning you the PoS rewards. while you at the same time you
can recieve a derivative representing your base capital which you again in turn
can use for locking in various defi products, vaults or even trade and use as
collateral
freeing up your base
capital while still earning rewards and potentially stacking your yield
we will be having a set
of vaults that we are building to offer you additional rewards for your
derivative token
Mary
| Satoshi Club: Can you explain on simple example for
those who are new in cryptospace
Stefan
Rust: ok you stake your ATOM
you earn 8% PoS APY
rewards
say you staked 10 ATOM
you will recieve a derivative representing
these 10ATOM in the form of a new token which we call tATOM
Mary
| Satoshi Club: Wow😀
Stefan
Rust: the 10 ATOM and the 10 tATOM are 1:1 exchangeable
then you can use this
tATOM to stake in our vaults to earn additional yield and rewards.
we call this last
paragraph yield stacking
Mary
| Satoshi Club: Any risks?😀 Because i almost
pressed unstake button 🤣
Jonah
🏅🎹 | Satoshi Club: 😂..
Stefan
Rust: that’s what we want
with staking there is
no real underlying risk on the staking portal, other than possibly slashing or
if we have down time
btw there will be no
need for you to unstake and wait the 21 days for unbonding, we will ahve a new
feature soon
Mary
| Satoshi Club: Unbelievable 🤣
Jonah
🏅🎹 | Satoshi Club: At the moment how many
Vaults do you have?
Stefan
Rust: we will enabe a seemless transition of your staked
funds from other validators to tnode
Mary
| Satoshi Club: Excellent system, my applouds 👏
Stefan
Rust: atm our vaults aren’t live, they are completing
their security audit. The vaults will launch with the tokens first half of
november
and ooooh btw we are
adding an insurance feature just in case to provide our users with an added
level of security and comfort
Jonah
🏅🎹 | Satoshi Club: What Vaults do you
intend to launch with?
Great.. 😁..
will this insurance be for all Users?
Stefan
Rust: we’re starting with liquidity vaults with our token
launch for the TNODE token
at the beginning we
will be insuring for the whole network and further down the road we will then
be adding a feature where each user can choose from a set of insurance policy
for themselves
Jonah
🏅🎹 | Satoshi Club: Awesome this is
Great.. 👏
Mary
| Satoshi Club: Thank you, Stefan for your answers!
Ready to go to the next question?😀
Stefan
Rust: yes please
Q4
from Telegram user @victorogb
With
Proof of Stake networks, validator nodes are vital to the integrity and overall
health of the network. With such importance attached to their duties, can you
let us know how TrustedNode chooses it’s validators, what are your basic
requirements, and are there any fundamental technical and hardware
requirements? Also, judging from the tasks of these validators, how does
TrustedNode reward high performing validators?
Stefan
Rust: We agree that securing the blockchain will be a crucial
role for trusted node as a validator
We want to work with
the protocols to maintain the software, secure uptime and support with rapid
upgrades turnarounds and patch-fixes
once our snapshot.org
page is live and integrated we can include recommendation from the community.
until then though we
choose the networks based on a mix of activities including
Team strategy and
positioning,
infrastructure and
resources requirements balanced against expected return and yield
developer activity and
community engagement
business development
skills, partnership and ecosystem contributions
and finally expected
volume and transactions on the network
Mary
| Satoshi Club: I even don’t know what to add, because
i see a lot of sense in your words😀 it’s excellent point of view and
strategy
Jonah
🏅🎹 | Satoshi Club: You are looking out
for very important Things.. 👏
Mary
| Satoshi Club: Stefan, thank you for your answers!
Ready to proceed?
Stefan
Rust: yes
Q5 from Telegram User
@DK177
You
have mentioned that DAO members who have their TNODE in escrow may be eligible
to a portion of the fees paid to Trusted Node. My question is, how do you
calculate the portion of the fees which will be distributed to each member?
Please explain if there are any requirements for DAO members to fulfill to
receive a better share. Further, please let us know what type of fees do you
consider for this distribution. Are all the fees included or do you allocate a
portion from a specific fee?
Stefan
Rust: we are still working on the final calcuations and
distributions. we will communicate that as they become a part of the operating
model
Mary
| Satoshi Club: Ok, but you already know what fees will
you have on your platform?
Stefan
Rust: It will be rewarding to be a DAO member
Jonah
🏅🎹 | Satoshi Club: Yeah.. it will you’ve
got Alot of plans for that
Stefan
Rust: part of it will be comissions should we decide to
charge for those and we will have a minimal tx fee when engaging with the
various smart contracts on trusted node
Mary
| Satoshi Club: Gotcha! 👍
Thank you for your
answers! Ready for the 6th and last question from this part?🚀
Stefan
Rust: bring it on
Q6 from Telegram User
@Orlemys
I
realized that your app has already launched, so instead of asking you about the
technicals aspects of your platform, I would like to ask about the results your
community has gotten. How many active users are currently using your vaults,
and how much value have they generated? Are there any penalties from staking or
locked periods? Do you think those who staked for a short time were satisfied?
How do you listen to community feedback and why should I be a user of this
platform?
Stefan
Rust: currently there is $9m staked in the nodes
supported by trusted node
Mary
| Satoshi Club: Nice beginning 👍
Stefan
Rust: there as specific native chain requirements that
our users will need to adhere to
they vary from chain to
chain
Jonah
🏅🎹 | Satoshi Club: How many nodes are
they all together?
Stefan
Rust: so far we
are getting good feedback from our users
and we listen to them
through our channels that I shared above. We will be formalizing more of this
interaction as we develop our governance model and build out our snapshot.org
interface
1 validator node per
chain for now
so 5
Part
2 — live questions from the Telegram community
Q1 from telegram
username@Arisabela
Many
of the benefits that are reflected in your products are for your DAO members,
so I would like to inquire about that, what your governance system consists of
and how can someone be part of it? Is it necessary for DAO members to also be
stakers or can they receive passive income in other ways?
Stefan
Rust: You can use our platform without being a DAO member
and earn basic PoS rewards.
However you can become
a DAO member by staking our TNODE governance token.
DAO member have yield
boost and voting power in the Trusted Node platform as well as in all the
chains we have listed. In other words, cross-chain governance.
Q2 from telegram
username @victorogb
What
would be your immediate and long-term strategies for a bigger and more engaging
community of members and investors?
JST:
We
are partnering with a lot of projects / blockchains in order to attract a
bigger audience and grow our user base.
Not only this, but the
innovative staking features we are / will be offering will definitely bring a
lot of users to trusted node.
Imagine using your
funds and getting dual rewards and dual governance powers
Q3 from telegram
username @Kushal85127939
Have
you guys consider Auditing TrustedNode Smart contract to ensure safety &
security of users? When we can expect announcement of Audting of smart
contract?
Stefan
Rust: yes as mentioned, our vaults are undergoing smart
contract audit with Obelisk and this has been publicly anounced as well. this
will conclude very soon so that we can start offering secure and safe vaults to
our users.
OUr insurance partner
is also reviewing the audit and our vaults as well
Q4 from telegram
username @Gen_Block
Partners
are fundamental and can not be separated from
a project when we want it success. Can you mention powerful partners who
work with TrustedNode in developing the project? And Why did you choose to
collaborate with them?
Stefan
Rust: we are working with Tavis Digital as they have
experience in blockchain as well as deep relationship with investors and other
financial services industry as a fund manager
we are also partnering
with software developer autonio to ensure we work with good developers with
deep blockchain network, understanding and skills around developement
we have a number of
additional partners we will be adding to this list along with companies like
obelisk for vault audits and ensuring our security
insurance partnerships
will be coming as welll
Q5 from telegram
username @highpee
Hello
Stefan🙋♂️
In
most cases, once someone staked asset, the asset is locked and ILLIQUID. But
you said you will have LIQUID STAKING that will ensure users can still earn
profit from their assets even when it is staked. How will it be possible for
users to earn when their asset are staked? Will you give them a temporary
token?
Sunny: we will provide our
users with a derivative token with the base capital remaining untouched and
earning yield. the derivative token can then also be used to “stack”
additional yield by providing liquidity, using it in DeFi or even as a
collateral
Q6 from telegram
username @NAZMP2
Is
it true that Trusted Node presale will be held in November? Is there a certain
schedule for this? What is the best way for us to get involved with the
Presale?
@srust99
@NicSpu
JST:
We
are indeed having our presale early November.
We are currently
finalizing everything with the launchpad and we will release all the details in
our telegram group.
Right after, we will
create our pair on uniswap and launch to the public.
Remember that private
sale price = presale price = public launch
Q7 from telegram
username @Rakshhitx5
Why
did you choose Polkadot for coin integration with Staking Portal? Is PolkaDot
better than all others available in the market?
Stefan
Rust: we chose cosmos and polkadot as they are buidling
our their network bridging mutliple layer 1 chains through “zones” or
through “parachains”. Each of these chains have a need for validators
and their infrastructure don’t vary too much while working with a consistent
framework and standard set for consistency as a fundamental level
this allows us to be a
bit more efficient in our node maintanance and management
they also both believe
in crosschain future which is what we believe in as well
Q8 from telegram
username @Nhairym
Why
do you consider that users are losing their participation rewards through
exchanges, how can they regain ownership of the tokens, can their nodes be
applied to external Trusted projects or are they for their exclusive use?
Stefan
Rust: you have your crypto assets on an exchange, the
exchange itself in order to provide you the trading capability need to host
nodes.
So the CEX use the
capital locked in their customers accounts to lock into validator nodes and
earn the rewards
these rewards only
recently have begun to be shared by certain exchanges with the users. In the
past this was not the case
also as you experience
today when a network offering airdrops take a snapshot to share tokens with
their holders, the CEX wallets are reflected in that snapshot which are holding
your crypto assets. These wallets can claim the rewards, which in turn aren’t
always (or very seldom) are passed on to their users
some CEX are good
examples, but they are surely in the minority
we want you to get all
the rewards for you assets and airdrops too
Q9 from telegram
username @adaatalay
I
read on your Trusted Node website that $TNODE token holders can increase their
verification reward. How will you encourage me as the owner of $TNODE? Will I
have a vote in my governance?
Sunn:
We’re
building a product for the people and we’re looking for the community to tell
us how to develop the product over time. We believe that thanks to the
tokenomics users are now also shareholders. Whereas in the past these have
always been two separate constituents providing huge conflict at the product or
business level. Whereby unfortunately the user always seems to lose out as we
have been educated to focus on “shareholder value” not customer value
We believe the DAO
aligns the interest
So therefore not only
will TNODE holders be able to participate in the governance of Trusted Node,
they will also be able to participate in the governance of the underlying
blockchains through their ownership of TNODE and the voting power of Trusted
Node thanks to the funds delegated to protect and secure the respective
blockchain.
Q10 from telegram
username @Pratze
i
read that TrustedNode.io already live and we possible to start earning from
your platform, but i still confuse about how to stake, do you have any guide or
article about how to start for new user ? what is the minimum requirement to
start?
Stefan
Rust: you can find simple user guides in our medium page
to help simplify this process for you
We were delighted to welcome our guest from HarpSeal. The AMA took place on October 21st, 2021 and our guest was @HarpSeal1.
The total reward pool was 500$ 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
Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club
community! We are pleased to announce AMA with HarpSeal
Gold Rocket | Satoshi Club: Today our guest is @HarpSeal1
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club ❤️
GP FIRE🔥🔥: Thank you
Gold Rocket | Satoshi Club: Nice to e-meet you 😊
GP FIRE🔥🔥: Glad to be
here
Gold Rocket | Satoshi Club: Let’s start! Introduce yourself, please. How did you get to be involved in crypto & HarpSeal
Andrés M. | Satoshi Club: It’s our pleasure
Gold Rocket | Satoshi Club: @HarpSeal1
GP FIRE🔥🔥: I’m the
marketing manager for HarpSeal, a crypto enthusiast and a heavy Defi User
GP FIRE🔥🔥: Done
Gold Rocket | Satoshi Club: Thanks for your answer😊
Andrés M. | Satoshi Club: What is the meaning of HarpSeal and
what are the main products you offer?
Gold Rocket | Satoshi Club: please tell us a little bit about
the project
GP FIRE🔥🔥: HarpSeal
Finance is a Yield Farm and AMM decentralized exchange running on Binance Smart
Chain with lots of unique Features
GP FIRE🔥🔥: Done
Gold Rocket | Satoshi Club: Also we would like to know more
about your team. Who is on the project team core?
GP FIRE🔥🔥: Simon
Dennis, one of the founders of HarpSeal. He has more than 5 years of experience
in the cryptocurrency field. Responsible for HarpSeal’s strategy formulation
and marketing.
Celia
Gallegos, Project Marketing Manager of HarpSeal.
Started to
engage in Internet operations in 2017, with 5 years of actual operation
experience. Responsible for the marketing and operations of HarpSeal.
GP FIRE🔥🔥: Done
Gold Rocket | Satoshi Club: Thanks for great introduction, we
have several questions which were selected for the 1st part. Ready to start?
Q1
from Telegram User @Asela1112
Without
buying the $SEAL tokens, I Can earn $SEAL tokens by inviting my friends &
recieve 3% of their earnings forever. Can you talk more things about this
referral program? Is it consisted with different tier system based on the
amount of referees so that users can earn more profit by referring friends?
However, most platforms promise extra bonuses in referral program to increase
their community & investors. What about the HarpSeal platform in this
matter? Will you provide some incentives in addition to 3% profit for
referrers?
Andrés M. | Satoshi Club: @HarpSeal1 Don’t worry, take your
time to answer😃
GP FIRE🔥🔥: HarpSeal
Referral currently does not have a tier system and will not provide additional
rewards. But we will hold more referral activities and provide more rewards.
Please continue to pay attention.
GP FIRE🔥🔥: Done
Andrés M. | Satoshi Club: Do you have any announcement channel
to follow?
Gold Rocket | Satoshi Club: we are waiting for updates from you
soon.
Gold Rocket | Satoshi Club: Let’s proceed to the next question?
Andrés M. | Satoshi Club: Let’s join Satoshiclubbers💪
Q2
from Telegram User @yellowchamp
HarpSeal
has a Referral Program
in which
we invite our friends and we can earn 3% of their earnings forever. So,does
this 3% remains constant as we invite many friends in HarpSeal? Is there a
maximum number of friends we can invite or we can invite as much as we can?
Aside from this 3% what other benefits are being offered with this Referral
Program? If you reward the one who refer,how about the new users or the friends
being invited,what incentives or welcoming reward or bonus are waiting for
them? Thank you
GP FIRE🔥🔥: It is
constant and as we said, it is a earn as you refer and so for the new users, to
earn, they can join the referral system or even buy and stake $Seal and earn
more
GP FIRE🔥🔥: Done
Andrés M. | Satoshi Club: Thanks for clarify it, how is your
staking system?
Gold Rocket | Satoshi Club: Thanks for your answer😊
Andrés M. | Satoshi Club: How high is the APR?
GP FIRE🔥🔥: The APR of
each staking system is dynamic. Farms was the highest when it was launched, and
the average now is 1,213,394,491%
GP FIRE🔥🔥: Done
Gold Rocket | Satoshi Club: Thanks for your answers. Ready to
proceed to the next question?
Andrés M. | Satoshi Club: So high😱, great investment opportunity
Gold Rocket | Satoshi Club: Amazing 🔥🔥🔥
Andrés M. | Satoshi Club: Let’s proceed😁
GP FIRE🔥🔥: Thank you
Q3
from Telegram User @Orlemys
Your
lottery program will be coming soon, however, I couldn’t find any info that
specifies what this program will be like. What is the lottery-like? Is it done
by purchasing tickets, or by other random methods? Is there a percentage of the
tokenomics dedicated to lottery rounds? Will it be a permanent feature or will
there be lottery events once in a while?
GP FIRE🔥🔥: The
lottery function is undergoing internal testing on the test network. Our staff is
seriously developing and testing this function. Please be patient. We will
definitely provide a different lottery function.
GP FIRE🔥🔥: Done
Gold Rocket | Satoshi Club: Thanks for your answer 😊
Andrés M. | Satoshi Club: Everyone can join or there is any
kind of KYC or restriction?
GP FIRE🔥🔥: There’s no
KYC, it is for everyone both beginners and experts
Andrés M. | Satoshi Club: Perfect. Well, ready for next
question?😃
Q4
from Telegram User @DK177
You have
imposed a deposit fee of 4% for non-SEAL farms/pools and there is no deposit
fee for native farms/pools. Further, 75% of this fees will be used to Buyback
and Burn. Since there is no fee for native farms/pools, you get this 75% only
from the deposits to non-SEAL farms/pools. My question is, as a token with an
unlimited supply, is it enough to allocate 75% of the deposit fee from non-SEAL
farms/pools to Buyback and Burn? How do you pump the $SEAL price with this
small allocation?
GP FIRE🔥🔥: We have
many features that can achieve Automatic Liquidity and Automatic Burning. These
have been tested internally for a long time and are very useful for stabilizing
the ecology.
GP FIRE🔥🔥: Done
Andrés M. | Satoshi Club: Could you share with us the
tokenomics of $SEAL?
Gold Rocket | Satoshi Club: Do you want to add something?or we
can proceed to the next question?
GP FIRE🔥🔥: We are excited to announce our Fair Launch coming up on Friday October 22nd, 2021
Time: 12:00
PM UTC
SEAL is
available on Pancakeswap V2
Listing
price: $15
Total
Supply: 200 $Seal
Get ready
to moon🚀🚀🚀
GP FIRE🔥🔥: Yes it is😊
GP FIRE🔥🔥: We are
also hiring more moderators mostly from UK, USA, Europe
If there’s
a moderator from any of those region, they can DM me for employment in HarpSeal😊
GP FIRE🔥🔥: Done
Q5
from Telegram User @Lestmarisv13
If
something happens to HarpDeal’s frontend such as a DDOS attack or a temporary
outage, farmers can still withdraw their tokens by direct interaction with the
MasterChef contract. Call the emergencyWithdraw function with the farm or pool
id listed below to withdraw your staked tokens. What is Call the
emergencyWithdraw? How does Call the emergencyWithdraw work? How does Call the
emergencyWithdraw protect the user?
Gold Rocket | Satoshi Club Satoshi Club! Look out for a good
opportunity in building a local HarpSeal community
Andrés M. | Satoshi Club: Great opportunity Satoshiclubbers,
let’s be part of that fantastic family👏
GP FIRE🔥🔥: Emergency
Withdraw
If
something happens to HarpDeal’s frontend such as a DDOS attack or a temporary
outage, farmers can still withdraw their tokens by direct interaction with the
MasterChef contract.
Call the
emergencyWithdraw function with the farm or pool id listed below to withdraw
your staked tokens.
Read and
know more about our emergency withdrawal and how you can go about it
If
something happens to HarpDeal’s frontend such as a DDOS attack or a temporary
outage, farmers can still withdraw their tokens by direct interaction with the
MasterChef contract.
Call the
emergencyWithdraw function with the farm or pool id listed below to withdraw
your staked tokens.
Read and
know more about our emergency withdrawal and how you can go about it
Greetings
HarpSeal, How does your referral program work, how does it allow users to earn
$ SEAL? What is the requirement that the referral must meet? So that the one
who invited him can win SEAL token and what would be the percentage that he
would earn if my referral meets the requirements and for how long can the
referral give profits to the user who invited him to the project? You can give
us more details about the referral program
Andrés M. | Satoshi Club: Partially covered, any other detail
you can add about referral program? We received a lot of questions about that 😁
GP FIRE🔥🔥: All
answered😊
Part 2 — live questions from
the Telegram community
Q1
From Telegram User @MariaKamilang
i wanna
pay attention to Harpseal… so give me some clue ? 😉
Can
users earn $SEAL in the HarpSeal project without depositing any coins? Will we
be able to make a profit when we direct people around us to bet on the Farms
and Staking Pools of the HarpSeal project?
GP FIRE🔥🔥: Yes
Q3
From Telegram User @Xusuo
i read
from this AMA that you have Automatic Burning System for HarpSeal token, can
you explain more detail about this burn system, how its work ? on what event
the auto burn will happen ?
GPFIRE🔥🔥: Automated Burning Mechanism
40% of each
proceeds will be used to buy back and burn SEAL.
Automatic
Liquidity
60% of the
income obtained each time will be automatically added to the liquidity pool
through the contract, and the lower price limit will be continuously increased.
And the liquidity will be locked and inaccessible.
Q4
From Telegram User @hansoyeon
Where
can I get the $SEAL token if I want to buy it today? Could you please share
your contract addresses?
Its very
rare project doing fair lunch. Why you decided to do fair launch and what’s the
advantage for doing this?
GP FIRE🔥🔥: We want to
be a fair project that anyone can participate in, a project that benefits every
investor
Q6
From Telegram User @highpee
You will
have your LAUNCH this Friday and your token will be available on PANCAKESWAP
V2. Does it mean there will be no presale? Will EVERYBODY be able to BUY and
will your token have liquidity for trading instantly after listing?
GP FIRE🔥🔥: Yes
Q7
From Telegram User @mercy_global
I see
HarpSeal platform offers
Yield
Farming
Most of
the platform offer this services on thier platform?
How is
HarpSeal Unique?
GP FIRE🔥🔥: Our
biggest difference is that all deposited assets on the farm will be managed by
the vault. The proceeds from the vault will be used to BuyBack and Destroy SEAL
and increase the liquidity of SEAL-BNB. In this way, the transfer tax is
replaced, and the loss incurred when the user trades SEAL is reduced. You will
not notice these details when you deposit and withdraw, and the GAS fee is only
20% higher than that of a normal farm. Obtaining revenue is the place that
spends the most GAS, which will be handled by the development team.
Q8 From
Telegram User @MdLuffyo
Have you
performed an AUDIT to make the HarpSeal platform more secure and valuable? Do
you have a report, if any, can you share it with us?
There
are just a few hours until the sale of the SEAL token begins. On which platform
will the token sale take place? Can we participate even if we are not
registered in a whitelist? Will this token sale be open to all countries?
GP FIRE🔥🔥: No
whitelist, it is Fairlaunch and will be available on pancakeswap V2 by 12pm
Q10
From Telegram User @messilolz
How much
slipperage rate to buy your tokens? what is the tax will be deducted while
buying SEAL on pancakeswap?
GP FIRE🔥🔥: Slippage
is 8%
Tax is 0%
Part 3 – Quiz
Results
In the final part, we tested your knowledge in terms of HarpSeal. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
We were delighted to welcome our guest from YouClout. The AMA took place on October 21st, 2021 and our guests were @mincua @Oldschoolchap 😊.
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
Gold Rocket | Satoshi Club: Greetings dear Satoshi Club ❤️ We are pleased to announce AMA with YouClout🔥
Vlad | CEO YouClout |: Hello everyone,
My name is
Vlad Ionut Stefan and I am the CEO of Youclout.
I’ve
managed more than 20 projects since early 2017 and now I will be presenting the
project. I’ve been working on for around 1 year.
My
experience is vast in project management, go to market strategy, partnerships
and all it takes to make a project great.
As per
education I’ve finish the Business Management in German language University in
Bucharest and have a master degree in financial consulting. Made a short
presentation of myself.
Jonah 🏅🎹: Welcome to
Satoshi Club.. @mincua @Oldschoolchap
Jonah 🏅🎹: I see you
are very much prepared for today.. 👏
Gold Rocket | Satoshi Club: Nice to e-meet you 😊 welcome to Satoshi Club ❤️
Alexandru Mincu: Hey all! Thanks for having us here!
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club ❤️
Jonah 🏅🎹: We are
Excited to have You here
Alexandru Mincu: I’m Alex and I’m the CTO of YouClout, I’ve been
building software for 25 years, from big web platforms to mobile apps, and
enterprise apps. I’ve been in crypto for 8 years, and built different
end-to-end solutions on the web, different blockchains & mobile.
YouClout is
a great pleasure where we can put all the skills the team has learned to work
building a solution that bridges from mobile to web to multiple blockchains.
Gold Rocket | Satoshi Club: @mincua @Oldschoolchap great
background guys👏👏👏
Jonah 🏅🎹: With very
relevant Experiences
Gold Rocket | Satoshi Club: Give us a brief introduction to the
project. What is the essence of YouClout
Vlad | CEO YouClout |: So everything started one year ago
in a zoom conference which we had to remake cause of disconnects and other
bugs, that was the moment i said i will make a conference platform in which i
will integrate a tik tok style marketplace for video NFTs. And that was the
birthplace of YouClout. And I’ve been working on it ever since. And I’ve been
working on it ever since.
Vlad | CEO YouClout |: Now everything scaled to a big
metaverse where people will buy land and we will hold events and nft sales on
it.
Gold Rocket | Satoshi Club: absolutely in the spirit of the
times🔥🔥🔥
Jonah 🏅🎹: Incredible..
👏
Gold Rocket | Satoshi Club: Also we would like to know more
about your team. Who is on the project team core?
Vlad | CEO YouClout |: @mincua is my CTO and will let him
introduce himself
Alexandru Mincu: I am the CTO and tech lead and the one in charge of building all the very nice features we discover our users need. There are 18 other developers in the team right now working on either frontend, backend or smart contracts for different chains.
Vlad | CEO YouClout |: and this is the core team
Jonah 🏅🎹: Oh wow 18
developers 👏
Jonah 🏅🎹: From what
regions are your Core team Members?
Gold Rocket | Satoshi Club: Wow! Dream team😊
Alexandru Mincu: There’s a lot of work to be done, the team is
constantly growing.
Vlad | CEO YouClout |: All are romanians, eastern europe.
Gold Rocket | Satoshi Club: I’m your neighbor 😁
Gold Rocket | Satoshi Club: I am from Ukraine
Vlad | CEO YouClout |: Yeeeey, where are you from ?
Vlad | CEO YouClout |: Aaaaa nice, been in Ukraine 2 times
until now. Like it alot
Gold Rocket | Satoshi Club: Tell us about the benefits of
YouClout . How is it different from others?
Vlad | CEO YouClout |: 1. Easily create a fanbase around
your video content with our powerful decentralized feature set.
2.
Tokenized membership in one click. Easily create a free channel with exclusive
content for your ytoken holders.
3. Scale
your reach. go from small session to a full blown virtual conference or event.
4.
Blockchain powered. Transparent, censorship-resistant and no middle man. Value
goes to you.
5. NFT
ready. Easily turn any content into an environmentally friendly NFTs.
6. A full
blown marketplace. Trady ytokens and NFTs in our bespoke marketplace.
7.
Dedicated artificial intelligence enhanced content feed ensure the right
content finds the right audience
8. Virtual
events that can match a Woodstock/Coachella scale or a big expo is now possible
with Youclout
9. Discover
creators with our category leaderboards based on ytokens, engagement and
quality of content.
10. Brand
new tools for interacting with fans and brand new ways to earn more as a
creator!
11. Fully
decentralized mean creators own their content 100%!
12. Buy
land and host events
13. Hold
YouClout for random ticket airdrops to events.
Jonah 🏅🎹: Wow so
many
Alexandru Mincu: All these plus any digital piece of content
that can be presented in a short form video can be sold on the platform, this
includes almost anything. Users can create multiple videos for one piece of
content to present multiple facets and just tell a better story.
Gold Rocket | Satoshi Club: a lot of cool features👏👏👏
Jonah 🏅🎹: Impressive..
👏
Gold Rocket | Satoshi Club You have the opportunity to
revolutionize social media, as Zuckerberg did in his time 😁
Vlad | CEO YouClout |: We really hope to !
Gold Rocket | Satoshi Club: Thanks for great introduction, we
have several questions which were selected for the 1st part. Ready to start?
Vlad | CEO YouClout |: Sure, lets go
Q1
from Telegram User @Asela1112
According
to YouClout Roadmap, you hope to launch custom NFT avatars for all YouClout
users. I want to know, Can we create our own avatars or Will your team provide
the avatars for users? Will you incur a fee for this event? Will this avatar
have a price evaluation? If Users can create their own avatars, What kind of
creating tools, you offer through YouClout platform? Please give us a sneak
peek about this upcoming Custom NFTA avatar event in Q1-2022?
Alexandru Mincu: I’ll take this one
Alexandru Mincu: So the custom avatars will be designed in an
editor or generated with our AI from other photos users upload. The avatars
will be NFTs so will be sold on the platform and we’ll also have a verified
ownership feature like Twitter.
Alexandru Mincu: No fee will be incurred for generating an
avatar, just like no fee is incurred for minting any NFT on the platform.
Gold Rocket | Satoshi Club: What tools do you offer users?
Alexandru Mincu A custom editor based on a generative neural
network that users can tweak to generate designs to their own liking.
Gold Rocket | Satoshi Club: And… Please give us a sneak peek
about this upcoming Custom NFTA avatar event in Q1-2022? (c) 😁
Gold Rocket | Satoshi Club: it is very important. Thank you for
the clarification👏
Vlad | CEO YouClout |: We will have a live event in the
platform, which people will join with their avatars, but this is a small sneak
peak 😀
Jonah 🏅🎹: And
everyone can do so? What skills will they need?
Alexandru Mincu: We can’t release too many details yet, there’s
a lot of deals getting signed with influences, etc for the event
Vlad | CEO YouClout |: but everything will be disclosed in
due time.
Alexandru Mincu: Yes, anyone can do it, you can do it by just
moving some sliders, it will be very easy to use
Gold Rocket | Satoshi Club: It’s understandable 😅but we had to try 😁
Vlad | CEO YouClout |: No worries, we appreciate it ! 🙂
Gold Rocket | Satoshi Club: Thanks for your answers😊
Gold Rocket | Satoshi Club: Ready to proceed to the next
question?
Jonah 🏅🎹: Awesome.. 😁
Alexandru Mincu: Yup
Q2
from Telegram User @Pavel_Jarosh
Please
correct me if I’m wrong but the Y-tokens that can be created by influencers are
planned to become the main product on your marketplace, same as their content
(video, presentantions) sold as NFT. Are you planning to add a portion of free
NFTs or content to your marketplace? In order to sell such products your
influencers should be someone with a name in crypto. Have you already partnered
with any personality? Thank you!
Vlad | CEO YouClout |: Sure, we are going to start a NDO
Vlad | CEO YouClout |: and offer to our Community different
NFT project that we and the community find viable !
Alexandru Mincu: The main influences will decide what content
they want to release to the public, for free of with a charge in their Y-Token
Vlad | CEO YouClout |: We are going to make votes on which
to choose!
Jonah 🏅🎹: Oh great..
by the way can you share your Tokenomics with us
Alexandru Mincu: It’s public on the website, anyone can access
it from the Pitch Deck button
Gold Rocket | Satoshi Club: Thanks for your answers
Jonah 🏅🎹: Do you
want to add anything or can we proceed?
Alexandru Mincu:
Here, got it for easy access 😁
Alexandru Mincu We can proceed
Q3
from Telegram User @MudaraSilva
I notice
that there is a 50% discount on NFT purchases for those who have memberships
tokens. To be eligible for this discount, what is the minimum number of tokens
that a buyer should hold? When you offer this discount for buyers, do creators
get the full payment? Does YouClout give the reduced 50% to the creator? Is it
profitable for you to give this type of considerable discount to encourage
users to hold tokens? In a similar manner, is there a mechanism for sellers to
get bonus earnings by holding membership tokens?
Gold Rocket | Satoshi Club: Looks good👍
Alexandru Mincu: The discount is offered to the members who own
membership Y-Tokens for each creator, each creator can set the number of tokens
needed to get the discount. This way they create their own tokeonomics.
Vlad | CEO YouClout |: The minimum hold amount is 250$ in
YouClout token.So the fees on YouClout are shared as following :
25% – Goes
to revenue
25% is
Burned out of the team tokens until 75% of the team tokens are burned
50% – Goes
to the seller as a reward for using our platform
Jonah 🏅🎹: Oh I see..
but can the creator also adjust the discount percentage?
Vlad | CEO YouClout |: Yes, he can.
Alexandru Mincu: Yes they’re able to do that for their Y-Token.
Vlad also answered how the main YCT discounts work.
Jonah 🏅🎹: Great.. 👍
Gold Rocket | Satoshi Club: Do your users need to pass KYC?
Vlad | CEO YouClout No, it is fully decentralised,
people just need to connect with their wallet.
Jonah 🏅🎹: Thank you
for your answers
Gold Rocket | Satoshi Club: Thanks for great answers❤️
Gold Rocket | Satoshi Club: Ready to proceed to the next
question?
Vlad | CEO YouClout |: Sure
Q4
From Telegram user @Rotoxy
My
questions are about the VIP lounge. Firstly, what criteria do you use to rank a
user as an influencer? Is it their celebrity status, their large followership
on othet social media platforms or activity engagements on Youclout or their
acquisition of particular amount of $YCT token?
What are
the types of activities that can take place in the VIP lounge? What level of
control does the influencer who created the VIP lounge has on the community
activities? Are there taxes on activities in a VIP lounge? Who pays the tax,
the influencer or the VIP lounge members?
Lastly,
does the members in the VIP lounge get rewards or it is a case of “influencer
takes it all”?
Alexandru Mincu: The criteria is mixed right now, since our
platform was just launched at the IDO we don’t have concludent data yet only on
YouClout, for that reason we need to include other social networking channels
as well.
Alexandru Mincu: The VIP lounge is designed to be a private
space shared between the influencer and their most devoted followers, they are
the ones setting the bar on how it’s monetized, not us. We provide them with
the tools so they can interact with their followers
Gold Rocket | Satoshi Club: Btw, what were you guided by when
building the metaverse on Cardano?
Alexandru Mincu: Cardano has a lot of potential and we belive it
will be one of the main platforms people use in a few years
Gold Rocket | Satoshi Club: and with which influencers do you
already have agreements?😊
Gold Rocket | Satoshi Club: Absolutely agree 👍
Gold Rocket | Satoshi Club: you confirm my opinion
Alexandru Mincu: I don’t know if we can disclose this yet.
@Oldschoolchap ?
Vlad | CEO YouClout |: No, sadly we cannot disclose that
yet, it will be like a festival banner, that i can assure you!
Gold Rocket | Satoshi Club: Little hints 😉
Jonah 🏅🎹: 👏 Can’t wait for this..
Gold Rocket | Satoshi Club: then promise us to share it as soon
as possible 😁
Vlad | CEO YouClout |: We promise that Satoshi community
will be the first one to receive the news when we share it!
Gold Rocket | Satoshi Club: Thanks for honest answers ☺️
Gold Rocket | Satoshi Club: Let’s proceed to the next question🚀
Vlad | CEO YouClout |: sure
Q5
from Telegram User @Cheriemike
Going
through your content i noticed that creators are being rewarded with
“Influencer Badges”,What is essence of those badges?Will the badges serve as a
means of identify from platforms who pose as YouClout?Are the badges for every
one or its just for some selected few?Is there any charges fee associated with
one being entitled to a badge?Can we have a sneak peak of those or is it
private and will later be given to those who deserve it? Thanks
Alexandru Mincu: Nice question
Vlad | CEO YouClout |: indeed
Vlad | CEO YouClout |: nice question
Vlad | CEO YouClout |: alex please take it
Vlad | CEO YouClout |: So, the badges will be awarded to
all Influencers
Alexandru Mincu: The badges are awarded based on how influences
or users use the platform, we’re targeting specific use cases like posting at
least once a day for a whole week, etc. And ones that are harder to get like
top sales, best NFT of the month, etc
Alexandru Mincu: All those badges are also NFTs so they can be
monetized if people want to do that.
Alexandru Mincu: They will open certain doors that are only
available to the holders
Jonah 🏅🎹: Great..
apart from this does getting the badge come with other benefits?
Vlad | CEO YouClout |: They can be transformed in an Unique
NFT for each influencer, but that will come along the way
Alexandru Mincu: It will also depend a lot on the specific
badge, some will have other interesting properties
Jonah 🏅🎹: Yeah makes
more sense… Overall this is an Impressive feature I must say
Jonah 🏅🎹Ready for the last Question from
this part?
Gold Rocket | Satoshi Club: can you even imagine how I want to
see these tik-tok style NFTs… do you have something to satisfy my curiosity 😁
Alexandru Mincu: The platform is continously being developed so
new things pop up almost every day 😉
Vlad | CEO YouClout |: @GoldRocket27 Sure, you can enter on
your mobile
Vlad | CEO YouClout |: it is already a working product
Q6
From Telegram user @victorogb
Within
the periods of Q4 2021 to Q1 2022, YouClout hopes run its first land offering,
conduct it’s first governance vote on land rights, as well as buying land in
metaverses where YouClout events will be held. Even as we anticipate the launch
of these memorable events, can you kindly shed some light on the features and
importance of each, what are land owners and users expected to enjoy from these
launches? Also, talking on your first governance vote on land rights planned
within this quater, what should we expect? Can you let us know the overall
structure and functions of governance team?
Vlad | CEO YouClout |: Based on where their land is and the
interest in it they can rent it for ads/events on the platform or build their
own land in Q2/2022
Alexandru Mincu: The governance on each land will be based on
the Y-Token holders for that land
Alexandru Mincu: This way anyone. Influencer or not can control
what happens on the platform
Alexandru Mincu: On some lands the creator will have control
power. Others will be community owned
Jonah 🏅🎹: Will this
be the choice of the creator to give the community power over their land?
Alexandru Mincu: We have multiple uses for that land that are
being developed. From events to ads to music, and may more
Gold Rocket | Satoshi Club: remind me please where can we buy
your Y-tokens?
Alexandru Mincu: The main token of the platform is already like
on pankake swap
Alexandru Mincu: I’ll post the link shortly
Alexandru Mincu: These will be used to decide the initial
ownership of the first lands in the meta verse
Gold Rocket | Satoshi Club: by the way what is your favorite
land in this metaverse😁
Gold Rocket | Satoshi Club: Thanks for sharing
Alexandru Mincu: 😂very hard to choose sincer we’ve put so much effort in all of them, I
would say the main lobby is my personal favorite now. Everyone will land there
when entering the meta verse
Part 2 — live questions from
the Telegram community
Q1 From Telegram User @latedance
Not every crypto blockchain projects do care this about but there are
many people in the world who is not speaking English so I want to know if do
you plan to create a local community for Youclout?
AlexandruMincu: Sure. We already have one for China and one for Korea. Others are coming
too.
Q2
From Telegram User @SHELBYWINAMA
What is the use of the $YCT token? What are the advantages of the $YCT
token? and is there aminimum amount to stake $YCT tokens? and where is the $YCT token
available? Can you tell usall?
Alexandru Mincu:
YCT can be used to pay for fees and very soon will be the main coin NFTs
are transacted in on the platform.
The coin will also unlock different features for creators in the
platform, we have a bunch of features that are being developed right now that
you can only use if you own YCT.
There is also a staking program coming too, join out telegram channels
we’ll announce everything there.
Q3
From Telegram User @sirdefi
On what kind of devices will I be able to use YouClout and enjoy its
3D graphics? Will a mobile phone be enough?
Alexandru Mincu:
Yes, a mobile phone will be enough. We’ll have mobile apps to access the
metaverse from mobile and a WebGL interface to access it from the desktop
Q4
From Telegram User @Sourava12
In Your Website , I found that YOUCLOUT Has only 2 Backers ,
18 VENTURES and EXNETWORK CAPITAL
, Are you planning to get Support of other backersand Investors also ?
Vlad | CEO
YouClout |: Hello Sourav
Exnetwork
18ventures
moon inc
Kha Nguyen(Tomochain)
X21
Evan luthra
MoonCarl
Wise advice
Nft technologies
Mario Awfal
Maximus Capital
Gains capital
Nabais Capital
Bitcoin.com
AU21 Capital
LD Capital
Genblock Capital
Basics Capital
Polygon Foundation
Mars Academy CEO
Mendy
Putin
Bondcharts
DCI
These are all our investors!
Q5
From Telegram User @highpee
You said you are built on CARDANO but you just shared a link where we can
buy your Tokens on pancakeswap. Are you also built on BSC or do you have tokens
on both Cardano and BSC at the same time?
Alexandru Mincu:
The coin launched on BSC but the marketplace will support multiple
chains. Cardano is one of the main ones, others coming soon will be ETH and
Polygon.
Q6
From Telegram User @cindy_crypto
Everyone knows now if your smart contract is not secure it is just a time
matter that some hacker exploit the smart contract and get all the liquidity
and when it is done there is nothing to do so what’s the things you have done
to secure your smart contract?
Alexandru Mincu:
All smart contracts are audited and we implemented all security
recommendations. Everything is secure and decentralized and public so no hacker
can get access.
Q7
From Telegram User @alptrader
Only creating a project with great properties is not enough for success
so do you have any partnerships to grow together as YouClout?
Vlad | CEO
YouClout |: We have alot of partnerships incoming, 2 of them are top 10 projects and
we will announce it in due time ! 😀
Q8
From Telegram User @AgenciaATM
In the VIP lounge, each influencer will have a limited number of seats in
their community with the option to increase it if they run out of seats. What
is the limit to these seats? How will influencers be able to expand these seats
if they run out?
Alexandru Mincu:
The influences will decide how big their VIP lounges are, they will be
able to increase or decrease the number of seats as needed.
Q9
From Telegram User @Xusuo
im just curious, do YouClout have burn feature for your token, can you
explain how does burn work for $YCT token ? what event trigger the burn ?
Alexandru Mincu:
25% of the transaction fees are burned by the platform once per month.
Q10
From Telegram User @sophiejohnson1
What is YouClout’s marketing strategy to attract both attendees and
users? What are your plans to convince them to buy $YCT?
Vlad | CEO
YouClout |: Hello Sophie,
the first event we are going to hold on our platform will have a big
impact on everything, taking in consideration how many followers each
influencer has, we will hold it as a game, where people join with their avatar
and interact with the influencer himself
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of YouClout . They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
We were delighted to welcome our guest from Rada. The AMA took place on October 20th, 2021 and our guest was @dragosL.
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
Gold Rocket | Satoshi Club: Greetings dear Satoshi Club ❤️
We are
pleased to announce AMA with Radar.
Paul Mont | Satoshi Club: Today’s guest is @dragosL! Welcome!
Great to have you here! 🥳🥳
Dragos | Radar: Greetings everyone! Really happy to be here
again!
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club ❤️
Dragos | Radar: We will have a great time together
Gold Rocket | Satoshi Club: We are really excited about upcoming
AMA😊
Paul Mont | Satoshi Club: Thank you for coming back! 🔥🔥🔥
Paul Mont | Satoshi Club: How’s your day been so far? 😄
Gold Rocket | Satoshi Club: Let’s start! Introduce yourself
please. How did you get to be involved in crypto & Radar
Tell us
please about your position in Radar
Dragos | Radar: Pretty chaotic as always, I’ve been sleeping
around 2-4 hours max for the past 2 months so yeah everything is really busy
Dragos | Radar: But the excitement is too big for this to be a
problem😁
Gold Rocket | Satoshi Club: oh … you have a difficult schedule🔥
Dragos | Radar: Sure! I’ve been a crypto trader for about 8
years now. Around 2 years ago I founded Orka Labs, which is an algorithmic
trading fund, and after a while of looking for a complete solution for traders
we decided to take the matter into our own hands and build the product that we
dreamt of using.
Now I am
the CEO of Radar, our team is comprised of about 45 people at the moment. 25
full-time developers + 20 administrative staff. I’m sorry that it’s only me
here today but the team is working very hard in order to launch the first
product on the 31st this month!
Dragos | Radar: hopefully you will understand why after this
AMA⚡️
Gold Rocket | Satoshi Club: Great background👏👏👏
Gold Rocket | Satoshi Club: Give us a brief introduction to the
project. What is the essence of Radar
Dragos | Radar: Definitely, so Radar is a self sustaining
ecosystem, providing its user everything the need, ranging from a platform that
is built using a cross-chain solution that combines a regular asset management
platform with complete freedom through the power of DeFi and cross-chain
interoperability to the DEX Aggregator that will route decentralized swaps
through different protocols and chains, in order to minimize slippage and
maximize efficiency; alongside the native Mobile App, where users can store assets on most EVM
supported blockchains and have access to the ecosystem’s platforms.
And this is
not everything, we have lots of secret features to announce in the following
weeks, as we plan to continuously expand the ecosystem.
p.s. all
the products that you will read about in the whitepaper are about 85% complete
besides the asset management app which is 100% and is going to be launched on
the 31st this month!
Gold Rocket | Satoshi Club: Sounds really good
Gold Rocket | Satoshi Club: Also we would like to know more
about your team. Who is on the project team core?
Paul Mont | Satoshi Club: 31st of this month – it’s almost
there! 🎉 I understand your excitement
clearly 🔥🔥🔥
Gold Rocket | Satoshi Club: you intrigued us 😁🤩
Paul Mont | Satoshi Club: Hopefully you will disclose some
easter egg throughout the AMA with our Satoshi Club community… We love
secrets haha 😄🔥
Dragos | Radar: We have a detailed announcement about that
coming. We are actually continuously hiring so around the time of the platform
launch we just want to explain everything to the community, what each member of
the team does and so on, because as I told you we are about 45 people now
working full time on this
Dragos | Radar: And more than half of these 45 people work full
time by crypto standards, which is basically 2x the normal amount
Gold Rocket | Satoshi Club: Dream team in action🔥🔥🔥
Dragos | Radar: I will be looking to do that, but keep in mind
that most of my answers if not all will be written on the go so yeah, don’t
know the exact moment when I’ll do that
Paul Mont | Satoshi Club: And by the way, the core team
members are all public right?
Gold Rocket | Satoshi Club: Thanks for great introduction, we
have several questions which were selected for the 1st part. Ready to start?
Paul Mont | Satoshi Club: That’s more than enough!😉🚀
Dragos | Radar: Yes definitely
Dragos | Radar: Let’s go ahead, very excited for it!😁
Q1
from Telegram User @yellowchamp
According
to your website, Radar will have over 15 protocols in which you grant a direct
access to the DeFi economy through your integrations and we can invest and
start earning automated returns by providing liquidity, lending, insurance and
trading. So, in connection with this can you give a brief explanation about
this 15 protocols that you are going to deploy in your platform? Why do you
need such a lot numbers of protocol?What will be the advantages that those
protocols brings to your network and to users? Lastly, how does automated
returns function in your platform through providing liquidity, lending,
insurance and trading? As what I have notice that lending, insurance and
trading will be coming soon with radar, so can you share some little
information and overview about your lending, insurance and trading features?
With investing in your lending, insurance and trading, how it would give a
better automated returns? Thank you
Dragos | Radar: I will explain everything but you will have to
give me 2-3 minutes to write it all, hope you understand
Paul Mont | Satoshi Club: Take your time please 😉
Dragos | Radar: As you’ve seen we will integrate over 15
protocols, so what exactly do we mean by that?
Our asset
management app will enable anyone to create his own vault and manage the assets
of other people who deposit funds into it.
Our job as
platform is to make sure that the Manager (the person who is managing the
assets) has access to as many protocols as possible so that he can create any
type of investment strategy that he wants.
Let me just
quickly give you some examples: Lending – Compound , Yield farming – Idle,
Yearn
So yeah
this is what we mean by integrating protocols, I hope you get the idea.
Paul Mont | Satoshi Club: Crystal clear 🙏
Gold Rocket | Satoshi Club: these are really revolutionary
ideas! 🚀
Dragos | Radar: As for this part “As what I have notice
that lending, insurance and trading will be coming soon with radar, so can you
share some little information and overview about your lending, insurance and
trading features? With investing in your lending, insurance and trading, how it
would give a better automated returns? Thank you”
I believe
the number of investment options is directly proportional to the chances of
succeeding for Managers.
If you
compare us to a platform like dhedge.org, we are basically the same, but you
can only TRADE SYNTHS on their platform. With you you can do this as well,
besides trading on any DEX, yield farming, lending, etc.
Dragos | Radar: And please keep in mind that this is just the
first product from our ecosystem that we are about to launch on the 31st
Dragos | Radar: We will continue to launch a product/month for
the next 5 months at least, we have a lot in store for you guys
Paul Mont | Satoshi Club: So that means 5 new products (at
least) are in the works for the Radar ecosystem users, right?
Dragos | Radar: Just got the idea for the easter egg, I will
share one screen from 3 of our products so you can get a real feel of how we
work and how serious we are about this ecosystem.
Gold Rocket | Satoshi Club: Satoshi Clubbers! Don’t miss great
opportunity🔥
Dragos | Radar: 3 are 90% complete, the 4th is about 60%
complete
Dragos | Radar: And there are a lot of unannounced products,
the token utility is till unannounced
Dragos | Radar: And trust me this is the best part of the whole
project, the token utility is something that I’m sure you’ve never seen before!🔥
Paul Mont | Satoshi Club: Ok, I’m definitely hyped and wanting
to know more now 🤩
Paul Mont | Satoshi Club: Which of the products down the
upcoming roadmap are you most excited about (without spoliling too much of the
surprise right now)?
Gold Rocket | Satoshi Club: we look forward to the snack peack😁
Gold Rocket | Satoshi Club: Thanks for your great answers
Gold Rocket | Satoshi Club: Ready to proceed to the next
question?❤️
Dragos | Radar: Sure!
Q2
from Telegram User @Pavel_Jarosh
One more
great initiative is POR (proof-of-return). Radar puts asset allocators in touch
with asset managers to maximize the growth of their portfolio with a higher
chance compared to their own efforts. These asset managers are considered to
work as consultants for Radar? Besides the rewarding system based on the
results of investments what are the advantages for managers to be interested in
working with Radar users? Can a simple Radar token holder become asset manager
with time in case his/her activity is high? Thank you!
Dragos | Radar: I am happy to explain anything about the
project, it’s what I’ve been breathing for the past months so I’m very exicted
about what’s coming
Gold Rocket | Satoshi Club: we understand this and support your
excitement 😊
Dragos | Radar: Any user can become an asset manager (i.e.
create a vault) on our platform. The POR is just our way of trying to protect
the end user from malicious managers, because some of them will be KYCd (it
will be optional in order to get a “Verified” checkmark), but as you
know with a 100% decentralized and perimissionless system we can’t control
everything so yeah, just doing our best with the tools we got.
Dragos | Radar: Depending on a few metrics you will be assigned
a Trust Score(for example how many of your own assets you have in your own
vault, because obviously if you have your own funds on the line you will act in
good faith)
Dragos | Radar: Remember that we still have to announce a lot
of details, what I’m telling you now is probably not on the whitepaper or
anywhere actually
Gold Rocket | Satoshi Club: Thank you very much for sharing😊
Gold Rocket | Satoshi Club: Do you want to add something or we
can proceed to the next question?😉
Dragos | Radar: We can proceed to the next question, thank you!
Paul Mont | Satoshi Club: Here it comes 🙂
Q3
from Telegram User @MasterfulAstil
As I’m
not a pro in crypto, AAС (Auto-allocated capital) feature attracted me as an
option of easy and quick possibility to invest my money. I understand that
Radar protocol will decide for me where exactly to invest depending on my
preferences. But as a creators, could you share on where will the funds go? Is
there any preferred direction, vault for financing? Thank you!
Dragos | Radar: Radar will be a 100% decentralized and
permissionless ecosystem. In about 1-2 months max. from now we will pass the
governance to the DAO. (We already passed all the team tokens to the DAO
wallet)
Radar
itself doesen’t decide anything for you, instead it aims to give you all the
necessary tools so that you can make an informed decision by yourself. (This is
where PoR and other unique features come in)
The
creators actually don’t have an option to hide their activities as technically
speaking each Fund is a smart contract and EVERYTHING is recorded on the
blockchain so there is 100% transparency regarding everything.
Dragos | Radar: If any of my answers are not enough, I will be
eagerly waiting for you on the video AMA after this one to explain in more
detail, way easier to do on video compared to writing. Thank you for
understanding
Gold Rocket | Satoshi Club: which features are you personally
most proud of😊
Paul Mont | Satoshi Club: It’s very empowering. Information is
key to make the best decision, in any field, after all 😉
Dragos | Radar: The token utility is definitely the feature
that I am most proud of, you will soon find out what I am talking about.
A LOT of
time and resources went into creating this system
Gold Rocket | Satoshi Club: you just intrigue us more and more 😁
Paul Mont | Satoshi Club: Again – guys & girls, don’t miss
out on the opportunity to follow up, after this AMA, with Radar’s video AMA 😉
Dragos | Radar: let me just share 3 screens, have a look and we
will continue afterwards
Dragos | Radar: Mobile App
Gold Rocket | Satoshi Club: wow!
Dragos | Radar: ALA – Liquidity Aggregator
Dragos | Radar: This is the product that we are launching on
the 31st this month
Paul Mont | Satoshi Club: Slick! Love the UI 🤩
Dragos | Radar: There you have your easter eggs everyone!😁
Gold Rocket | Satoshi Club: it looks incredible 🔥
Gold Rocket | Satoshi Club: No wonder we were so intrigued 😁
Dragos | Radar: And again wait to see the token utility🔥 It’s going to give you a lot of perks on the
WHOLE ecosystem
Paul Mont | Satoshi Club: The premises look amazing! 🔥🔥🔥
Dragos | Radar: Thank you, appreciate it guys!
Paul Mont | Satoshi Club: Thank you very much for the exciting
answers!
Paul Mont | Satoshi Club: Are you ready for the next question?
Dragos | Radar: yes let’s go ahead
Q4
from Telegram User @JaviSuBs
Radar
has a wallet in a mobile application, but is there a PC version of the wallet?
What does the Radar mobile application allow us to do to users? allows us to
make exchanges through ALA and use other dApps? I also see that there are two
important functions in your platform such as radar protocol and radar terminal,
what is the functionality of these functions? You can give us more details of
the functions to better understand and get the best out of it, thank you
Dragos | Radar: I cannot answer the question related to the PC
version, but I will let you to think about the answer and it’s probably what
you’re thinking about, but again we want to take everything step by step. Our
current product launches by themselves require titanic work so with only 45
people there is only this much we can do at one point
Regarding
naming Radar is our main brand and then we will have Radar Protocol – Asset
management app, Radar Terminal – Liquidity Aggregator, Radar App – native
mobile app
To get a
better understanding you really have to read the whitepaper:
Dragos | Radar: And yes through the mobile app you will have
direct access to all the products in the ecosystem AND you will also have a
browser so that you can access other dapps if you still need them
Gold Rocket | Satoshi Club: Of course, step by step …
Gold Rocket | Satoshi Club: It will be very convenient for
users.🔥
Gold Rocket | Satoshi Club: By the way, please share your
roadmap with us.
Dragos | Radar: Our goal is to make everything so convenient to
use through our ecosystem that you won’t want to switch to other 10 apps that
do the same thing
Paul Mont | Satoshi Club A true one-stop-shop for managing
your assets. Great value proposition @dragosL 🔥🚀
Gold Rocket | Satoshi Club: Yes, you are one of the few projects
that thinks through all the details.
Dragos | Radar: We only have a roadmap for this quarter where
we will launch all the products that I told you about and if everything goes
according to plan, the 4th one as well. Just don’t want to promise things which
we can’t deliver.
Everything
you’ve seen and everything that I talked about up until this point will be
ready until EOY
Gold Rocket | Satoshi Club: Thanks a lot for the answers
Paul Mont | Satoshi Club: And a very grounded approach, in
terms of not overpromising, while still trying to do the best to overdeliver 😉
Dragos | Radar: After the first 3 launches we will just release
the whole vision for the project and a 2-year roadmap. Until then I think it
would just sound ridiculous and noone would believe us so I want us to deliver
first and talk afterwards
Dragos | Radar: As I told you everything is planned out for the
next year at least, just want to stay realistic and go through the milestones
one by one.
Gold Rocket | Satoshi Club: Absolutely agree 👍
Gold Rocket | Satoshi Club: Are you ready for the next question?🚀
Dragos | Radar: yes
Q5
from Telegram User @Ask4Unik
Radar is
accepting 1% for those who wants to withdraw their yield before it matures and
17% APR thereby attracting investors.Is that your strategy?.I also noticed that
RADAR funds will be used to market buy RADAR and distribute, as 75%goes to burn
and 25% for extra RADAR LP rewards.All of this is subject to vote depending on
community voting in the future.Supposing the voting rate is higher in the
future will RADAR rise in value?when the yields are matured and an investor
wants to withdraw from his wallet, are there withdrawal options an investor can
consider?
Dragos | Radar: These are 2 separate things. The APR is about
our staking program, which currently has no strings attached, you can stake and
unstake anytime.
And the 1%
exit fee happens when you withdraw your assets from a vault. Depending on a few
things you could be eligible to have 0%
fee. As I said details about token utlity will be announced very soon so stay
tuned for that.
The DAO
will decide everything in the future and will have the ultimate word in any
important decision about Radar. We won’t actually own the project anymore, we
will be partners with you guys😁
Paul Mont | Satoshi Club: We can suppose that major token
holders will be awarded special benefits by owning the Radar flagship token, as
well as when it comes to vault fees 😉
Gold Rocket | Satoshi Club: this incredible trust in the
community❤️❤️
Paul Mont | Satoshi Club: Yes, amazing!!
Dragos | Radar: There will be a Tier system, and having the
benefits from the highest tier will really mean something
Dragos | Radar: The tokens will pay for themselves, but as I
said again sorry about this but don’t want to give too much info yet
Dragos | Radar: You will just figure it out before haha
Paul Mont | Satoshi Club: Haha great, you’ve already provided
us with a lot of information and hype to be excited about Radar! Thank you! 🤩🙏🚀
Paul Mont | Satoshi Club: Great, great. Thank you very much.
We’re getting to the last question for this very first part of the AMA, then
we’re heading into the LIVE part of the session!
Dragos | Radar: Sure!
Q6
from Telegram User @Highpee
I read
that your Asset Management App is 100% completed and is ready for launch on
31st of this month. With this asset manager, users can create vaults and others
can deposit assets into it. The creators of these vaults can manage the vaults
and invest other’s assets as they deem fit. What does it involve for a user to
apply as a fund manager? Do your platform set the operation conditions for
asset manager or are fund managers given the liberty to set vault conditions
such as Weighted ratio of fund, investment currencies, allocator variables,
investment strategies and fees structure? How transparent is the transaction
activities of user created vaults and will you be able to ensure these vaults
remain obfuscate in order for you to avoid unhealthy tactics, potential
front-running or other forms of unscrupulous activities?
Dragos | Radar: Everything is recorded on the blockchain (all
the transactions, swaps, everything) so there is 100% transparency about what
the manager does with the funds.
Each fund
will function as a small DAO itself, basically investors will be able to vote
on granting/limiting the access of the vault manager to certain instruments (
for example you could let the manager invest in only yield farming on yearn )
You don’t
need to have anything in order to create your own fund, but we will have our
PoR system that is going to help the end-user choose the right vault for
himself.
Dragos | Radar: Hope this answered your questions
Gold Rocket | Satoshi Club: Thank you very much for the detailed
answers. 😊
Dragos | Radar: Thank you for the very detailed questions!
Part 2 — live questions from
the Telegram community
Q1
From Telegram User
Dragos | Radar: A lot of questions about security so I will just quickly start with this and let you know that each of our products will be audited internally AND by a top tier auditing company AND we will also have a bug bounty program in place, we are taking this VERY seriously. ( Our token is audited by Certik already )
Besides
this our CTO is very passionate about cybersecurity and has a lot of experience
in this field. He also performed audits for other both tech and crypto
companies and discovered a lot of critical vulnerabilities which other audit
companies didn’t find, so yeah I am confident that we are doing our best in
regards to security!
Q2
From Telegram User @curiosoAMA
Can you
explain how your Proof of Return Rewards system works? What is it based on and what
are its advantages compared to others on the market? How much can my reward be?
Dragos | Radar: There are no other solutions like this currently on the market. Basically it will be based on a Trust System where depending on how you act / if you invest your own funds in your own vault / if you are kyc’d or not / your maximum drawdown / and a few other things you will be assigned a score which then investors can use to know what to expect from the specific manager
Q3
From Telegram User @Gutike95
Do you
point out that Radar repairs the fragmentation found in DeFi? but really what
“fragmentation” do you mean? Could it be that there is no cohesion in
each of the DeFi products, if so, with Radar it will be possible to operate
different DeFi products simultaneously? or how would that “cohesion”
Dragos | Radar: By fragmentation I mean that now if you are a regular DeFi user, I am sure we can all agree that it’s getting pretty tiring at some point to have to use 10 different products for your needs (different wallets, protocols, etc.). So why wouldn’t we just create an all-in-one ecosystem with the ultimate token utility?
*After a
lot of thought we still don’t have the answer to the last question so we
decided to just build this
Q4
From Telegram User @latedance
You know
there are still many people who still don’t know anything about blockchain
technology a nd crypto technology and I am wondering how to you plan to bring
this kind of people in the crypto world with Radar project?
Dragos | Radar: We will have an educational series on both our blog and youtube channel starting from next month where we will basically take all the concepts and everything from 0 and just build a “Starter Kit” for the non-crypto people
Q5
From Telegram User @cenkkargin0666
What
features make you believe that the RADAR platform can stay on the market for a
long time? Can you talk about the competitive advantages that can differentiate
the RADAR platform from other projects?
Dragos | Radar: We have a lot of advantages compared to pretty much any DeFi infrastructure that you would compare us to, this was the whole idea behind even attempting to build this “beast”
At some
point of course we will open-source everything and you will really see how much
effort went into all of this.
The most
important differentiator compared to anyone: TOKEN UTILITY
Q6
From Telegram User @RosemaryBianco
I am struck
by the topic of BUILDING VAULTS within Radar, your explaining on your website
that I can create vaults and become an index of other vaults, but to start
creating don’t I need to meet some requirements within your platform, an
example, a KYC? What benefits would I get by finding subscribers or inviting
friends to my vault, would I get any commission for their investment or would
you give me any privilege or reward?
Dragos | Radar: There are no KYC requirements as we are 100% decentralized and permissionless.
We will
have 3 types of fees which the manager can implement if he wants to:
Management
fee (% of total assets taken yearly)
Performance
fee (% of profits)
Exit fee(%
of assets at the moment of withdrawal)
Fees are
not mandatory though so yeah, everyone is free to use the platform as they wish
Q7
From Telegram User @Antonio287
You are
launching your own mobile app,
In
market, I have seen many Wallets are almost identical,
How are
You different from Wallets like TRUSTWALLET, ATOMIC WALLET, SAFEPAL?
Dragos | Radar: First of all we will have our other products integrated into the mobile app, so you won’t have to use the browser anymore because that kills a lot of the UX quality.
Besides
this as I told you our token utility doesen’t even compare to the ones that
those other projects have. I am sorry if it looks like I’m bragging, but I’m
just stating the facts
Q8
From Telegram User @Jonathantross
I Read
that there are Multiple Valults like YIELD VAULTS ,TRADING VAULTS ,LOANING
VAULTS and NFTVAULTS
,
Can you tell me Some points about each of
these Vaults , What are the Main Purpose of these Vaults ?
Dragos | Radar: The manager will have the option to create “General” Vault (that will be able to invest in all the available protocols), or one with a more specific investment strategy where the manager is only allowed to invest in yield farming or others, or a mix between them.
Q9
From Telegram User @brainassist
Radar is
looking very promised project could you please tell me why should I buy and
HODL Radartokens
for a long time without selling them?
Dragos | Radar: Please read our website, whitepaper, ask questions and understand the project and then you will know the answer. 😁
Just to
help you a little bit we will have a tier based DAO staking system where
depending on the amount of tokens that you stake you receive different
benefits. Follow us for more info when the time comes
Q10
From Telegram User @Kushal85127939
Is radar
in collaboration with Yearnfinance to provide Yearn vault services through your
Dapps? If not,can
we expect to see both of team to work together?
Dragos | Radar: Radar will stay 100% decentralized and permissionless forever. If we’ll decide to do something centralised at some point we will create a separate project, but it’s useless to talk about it now because it’s not going to happen in the next few years I believe, too many things to do with Radar.
Q11
From Telegram User @cryptoflower13
I read
that Radar has no AUM fee and only charges a 1% exit fee, which can be reduced
to 0%,depending
on the number of RADAR tokens staked How many $RADAR tokens should I staked so
thatthe exit commission can be 0%? What does it depend on?
Dragos | Radar: 100.000 $RADAR is the top tier requirement. please keep in mind that the 0% fee on the asset management platform is less than 5% of the actual token utility
Details
about this coming very soon
Q12
From Telegram User @Kushal85127939
Is radar
in collaboration with Yearnfinance to provide Yearn vault services through your
Dapps? If not,can
we expect to see both of team to work together?
Dragos | Radar: We have already implemented Yearn vaults on our platform. We will start announcing integrations and partnerships shortly, please stay tuned!
Q13
From Telegram User @KASG95
I could
read that its star tool is Autonomous Asset Management, which will allow both
investors andvault
managers to create and unite vaults focused on everything, both returns and
NFT, but really whatwill be the requirement to enjoy it? We must have a
large number of tokens blocked for a long time?
Dragos | Radar: There are no requirements to use any product from the ecosystem, it’s just that if you have tokens the experience will be SO MUCH better for you, so yeah, it’s your decision
Q14
From Telegram User @Karry1999
I found
that RADAR is Trusted by Famous Investment Funds Like MOONDOT CAPITAL ,
COINVISION
, ExNetwork and Many More , Can you tell me How these Investment Funds
are Importantfor
the growth of Radar ?
Dragos | Radar: We are thankful to all our investors for the trust that they put into us, we have secured a few more deals with other investment funds which are not on the website.
Everyone is
doing their fair share of work for this project, it really is a team effort
Q15
From Telegram User @tahanisg
I
understand that holders must have enough $RADAR tokens staked to be eligible to
vote in the DAO,can
you tell us approximately how many tokens we must have to be able to vote? On
what aspects ofthe project will we have a choice?
Dragos | Radar: Can’t announce the specific details yet, sorry about that, but I just said in a previous message that the top tier requirement is going to be 100.000 tokens
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of Radar. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
