D.\n| Satoshi Club:<\/strong> hey Satoshi Club😇<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> Hello, dear Satoshi Club community!😁<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> we are happy to present you today’s AMA\nwith Hoo Smart Chain🥳<\/p>\n\n\n\n today our guests –\n@PatriciaWxy @samyaohk @Cole_HSC @PuddingSwap @JZZZZ2020 @Austin_ShouYi !<\/p>\n\n\n\n how is it going guys? 😉<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> Welcome people! Great to have you here!\n🔥<\/p>\n\n\n\n PuddingSwap:<\/strong> hi guys~!<\/p>\n\n\n\n JZ:<\/strong>\nHi everyone<\/p>\n\n\n\n Sam\nYao:<\/strong>\nWe are feeling stoked and excited 😜<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> nice! 👍 we are excited as well!<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> I can assure you the feeling is mutual 🔥🔥<\/p>\n\n\n\n Cole\nZHANG:<\/strong> nice to meet you guys😊<\/p>\n\n\n\n Sam\nYao:<\/strong>\nI\u2019m Sam, head of Hoo Smart Chain operation. It\u2019s my pleasure to meet all of you\nhere<\/p>\n\n\n\n Patricia:\n<\/strong>Hello\nEveryone, I am Patricia. I am Head of Marketing of Hoo Smart Chain.<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> happy to meet you guys 😊<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> The day’s perfect to get to know all of\nyou and share all the marvels that HSC has in store with our Satoshi Clubbers 😎<\/p>\n\n\n\n JZ:<\/strong>\nHello everyone! I am Timi of RooLend, the first leveraged lending protocol on\nHoo Smart Chain. I joined the RooLend\nteam this year and is responsible for its operation and promotion.<\/p>\n\n\n\n PuddingSwap:<\/strong>\nhello guys~! I am Shelley, the operation director of Puddingswap from HSC😝<\/p>\n\n\n\n Austin\nShouYi:<\/strong> Hello Everyone, I am Austin. I am Head of Marketing\nof ShouYi, the first defi on Hoo Smart Chain .<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> awesome! so many guests today !🥳<\/p>\n\n\n\n and from different\nprojects 😉<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> It’s a party AMA 😁<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> haha yeah<\/p>\n\n\n\n so guys can you briefly\nexplain to us what is Hoo Smart Chain?<\/p>\n\n\n\n please 😊<\/p>\n\n\n\n Sam\nYao:<\/strong>\nAlright<\/p>\n\n\n\n Hoo Smart Chain (HSC)\nis a decentralized &energy-efficient public chain that provides developers\nwith an efficient and cost-effective on-chain environment. We launched our\nmainnet on May 1 this year and have been dedicated in growing our ecosystem.<\/p>\n\n\n\n Many awesome projects\nhave joint hands with us in the past months. Thanks to the satoshi club, we are\nable to meet all of you tonight, and introduce our smart chain as well as some\nof our top projects to you. We have PuddingSwap, Roolend and Shouyi with us\ntonight.<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> you already in mainnet phase?!\nimpressive! how long Hoo Smart Chain under development?<\/p>\n\n\n\n Sam\nYao:<\/strong>\nActually less than three months.<\/p>\n\n\n\n Thank you! Our tech\nguys work hard \ud83d\ude42<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> Also, I’d like to mention I’m a\nregistered member on Hoo exchange. Is the team behind Hoo Smart Chain the same?<\/p>\n\n\n\n Cole\nZHANG: <\/strong>Not the same<\/p>\n\n\n\n We are separated teams\nbut a big family 😌<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> That’s the kind of philosophy that\nbrings the best bonds and results in life & work 😉<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> [ 👍 Sticker ]<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> Thank you very much for the brief\nintro, we have many community questions to ask you, so – without further ado –\nI’d say let’s get on with them😁<\/p>\n\n\n\n Cole\nZHANG:<\/strong> Okay, let\u2019s do it 😜<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> let’s goooooooo🚀🙌<\/p>\n\n\n\n Q1 from Telegram\nuser @xperia3 <\/em><\/strong><\/p>\n\n\n\n As\nI see in your website there is an ongoing testnet. How does it go so far? Did\nyou get any feedbacks from testnet participants already? Is it still open for\nnew participants? People do more their best when there is a reward for bug\nhunting and system testings. Will there be any incentives for testnet\nparticipants?<\/strong><\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> as we know now, you already on mainnet 🙃<\/p>\n\n\n\n PuddingSwap:<\/strong>\nyes, puddingswap has already launched haha😝<\/p>\n\n\n\n Yes, yet maybe there\nare still bug bounties open for dedicated and skillful developers 😉<\/p>\n\n\n\n Satoshi Club has many\ntalents hidden in the community 😎<\/p>\n\n\n\n Sam\nYao:<\/strong>\nOh, a very good question to start things off \ud83d\ude42 \nI would like to update you that we have launched our mainnet for over 2\nmonths. And now there are more than 7000 smart contract addresses on mainnet.\nPuddingSwap\uff0cRoolend and ShouYi.AI are nice projects\namong them.<\/p>\n\n\n\n Like I mentioned, Hoo\nSmart Chain is an open and friendly chain always open for both users and\ndevelopers.<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> btw puddingswap will have their own\ntoken? can people already get your token? or maybe you planning some airdrop\nfor early adopters? 😉<\/p>\n\n\n\n PuddingSwap:<\/strong>\nOf course! PUD is our token… and will do airdrops in future for PUD holders😄<\/p>\n\n\n\n D.\n| Satoshi Club: <\/strong>for be able to use your mainnet users\nhave to set up their wallets. if im right? \ndo you have any guides how to do it?<\/p>\n\n\n\n haha nice 😁<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> Excellent news, gotta stay tuned\nSatoshi Club 🎉🎉🎉<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> by the way, puddingswap is the first\nAMM on Hoo Smart Chain?<\/p>\n\n\n\n Sam\nYao:<\/strong>\nWe have well written tutorials to guide users to connect with TokenPocket and\nmeta mask. If we have enough time later, I will send it here as well. Thank you\n🙏<\/p>\n\n\n\n JZ:<\/strong>\nhaha we have one tutorial https:\/\/roolend2021.gitbook.io\/roolend-documentation\/tutorial\/tutorial-for-pc<\/a>\n<\/p>\n\n\n\n PuddingSwap:<\/strong>\nyep~!<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> nice! thank you guys!<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> Thank you very much for sharing 🙂<\/p>\n\n\n\n Sam\nYao:<\/strong>\nNice 👍<\/p>\n\n\n\n Q2 from Telegram user\n@h1drX <\/em><\/strong><\/p>\n\n\n\n It\ncaught my attention that on your website you say that only 21 nodes are\nsupported at most. What does this mean? Only 21 nodes worldwide will be able to\nmine in Hoo Smart Chain? Also, I saw that HSC adopts the consensus mechanism\ncalled PoSA, what does this consensus mechanism consist of? Does it bear any\nsimilarity to other mechanisms? Can you tell us why you chose PoSA as your\nconsensus mechanism?<\/strong><\/p>\n\n\n\n Sam\nYao:<\/strong>\nCurrently we can generate blocks from a maximum 21 nodes, but we could have\nmany alternative nodes for backup purpose.<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> 21 nodes concept is kinda similar to\nbsc with their 21 validators?<\/p>\n\n\n\n Sam\nYao:<\/strong>\nIn the future, we might even run contests among nodes<\/p>\n\n\n\n Yup<\/p>\n\n\n\n Its Consensus algorithm\nis similar to the one EOS uses, which is known as POA-Proof of Staked\nAuthority. It can have faster block generation and lower transaction fee.<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> So validators’ authority\/reputation is\nimportant but also staking is needed for blocks validation? Could you please\nshare some more details?<\/p>\n\n\n\n Sam\nYao:<\/strong>\nThe contest will be held in the near future. More details will be revealed hehe\n😉<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> Some nice hype building 😁<\/p>\n\n\n\n Ok, great, thank you\nvery much for your answers guys 🙂 Question 3 is ready for you… and\nare you ready for it? 😁<\/p>\n\n\n\n Sam\nYao:<\/strong>\nReady but not so ready.<\/p>\n\n\n\n Just kidding<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> Haha great 😁😁<\/p>\n\n\n\n Q3 from Telegram user\n@NSZR1 <\/em><\/strong><\/p>\n\n\n\n I\nwould like to know a little about your token called $HOO, in your whitepaper it\nis mentioned that the role of $HOO on the HSC chain is equivalent to the\nposition of ETH on Ethereum. However, you managed to maintain and even increase\nthe benefits that users receive in HSC, with the particularity that the gas\nfees are extremely low, so I would like to ask you, in what way do you make the\n$ HOO token profitable for The company, as it has many benefits when used,\nhowever will it generate enough profits to maintain this extraordinary project\nin the long term?<\/strong><\/p>\n\n\n\n Sam\nYao:<\/strong>\nThank you for your great question. <\/p>\n\n\n\n HOO is similar to the\nlikes of BNB\u3001HT\u3001ETH,\nan original token on our smart chain.<\/p>\n\n\n\n The gas fee is around\n0.003U\uff0cIt is extremely user friendly. Due to a\nlower costs to enter, it encourages more users to participate our DeFi\nprojects.<\/p>\n\n\n\n This creates a healthy\ncycle and benefits the entire eco-system. About profit for HSC, we want to look\nat it as funds for the future. As we grow our eco-system and help our users\nearn more profit, the whole ecosystem grows and profit is just a byproduct for\nus.<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> can you share with us more info about\nyour token? about max supply? how many tokens in curculation and what is your\ndistribution model? you had or will have IDO etc?<\/p>\n\n\n\n Patricia:<\/strong>\n100 million<\/p>\n\n\n\n Sam\nYao:<\/strong>\nMax supply is 100M<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> all 100 mil in circulation?<\/p>\n\n\n\n Sam\nYao:<\/strong>\nHoo won\u2019t have ido<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> then how people could get your token?<\/p>\n\n\n\n Sam\nYao:<\/strong>\nCurrent circulation is 58M<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> If you have a tokenomics paper, please\nfeel to share it with our community 😉<\/p>\n\n\n\n Patricia:<\/strong>\nCole will answer this question.<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> that’s my favourite ducky sticker 😄<\/p>\n\n\n\n Cole\nZHANG:<\/strong> We could buy $HOO on exchange like Hoo and MEXC.\nAnd also can purchase on Defi like pancake and puddingswap😊<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> got it 😊 will you have any\nliquidity mining for users?<\/p>\n\n\n\n Sam\nYao:<\/strong>\nYup! We do<\/p>\n\n\n\n Come check it out on\nHSC 😉<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> nice! we will be waiting for updates\nthen 😉<\/p>\n\n\n\n Cole\nZHANG: <\/strong>For us $HOO is not that important… $PUD, $ROO and\n$SYI of projects are the significant token for HSC 🤪<\/p>\n\n\n\n Sam\nYao:<\/strong>\nHahaha<\/p>\n\n\n\n Patricia:<\/strong>\n[ 👍 Sticker ]<\/p>\n\n\n\n Sam\nYao:<\/strong>\nAny more question?<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> 😁HSC’s value is the sum of all\nthe value projects that will part of it in the future as well 😉<\/p>\n\n\n\n Sam\nYao:<\/strong>\nIndeed<\/p>\n\n\n\n Q4 from Telegram user\n@Jonahapagu <\/em><\/strong><\/p>\n\n\n\n One\nof the most common issues of Public chains is the difficulty with which an\naverage user can build and deploy Dapps and Digital assets on them, as this\nwill require a certain level of skills on most of these chains.. so how simple\nwill it be to build and deploy a Daap or digital asset on HOO smart Chain, what\nlevel of skills will users who intend to build on HOO smart chain possess and\nwill building on HOO smart chain be relatively easier and rewarding than\nbuilding on any of the already popular smart chains available.<\/strong><\/p>\n\n\n\n Patricia:<\/strong>\nGood question.<\/p>\n\n\n\n Sam\nYao:<\/strong>\nHSC is a EVM chain. The technical difficulty to develop such a chain is similar\nto that of those mainstream chains. In the current world of blockchain, it is\nalmost impossible to make it easier to have the most cutting edge blockchain\ntechnology. But because we have a very low gas fee, it is friendly to invite\nmore new projects to join us.<\/p>\n\n\n\n PuddingSwap, Roolend,\nShouYi are such great examples. All of them have successfully and efficiently\npassed the testing phase to get on our main net, almost without monetary cost.<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> Clear! Thank you very much 👏<\/p>\n\n\n\n Patricia:<\/strong>\nYou’re welcome😄<\/p>\n\n\n\n Cole\nZHANG: <\/strong>Great Chain\uff01😘<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> so smart chain for building dapps\nshould be very secure😉, you have partnered with any cybersecurity\nfirms, which can help you check your contract and possible vulnerabilities?<\/p>\n\n\n\n Patricia:<\/strong>\nCole will take care of this question<\/p>\n\n\n\n Cole\nZHANG:<\/strong> Slowmist, Certik,Fairyproof, etc.😌<\/p>\n\n\n\n Patricia:<\/strong>\n😎Cool<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> you were audited by them?<\/p>\n\n\n\n if so, can you share\nthe link on audit?<\/p>\n\n\n\n Patricia:<\/strong>\nyes<\/p>\n\n\n\n Cole\nZHANG:<\/strong> Roolend and ShouYi are audited by fairyproof, and\nPuddingSwap is audited by Certik and slowmist<\/p>\n\n\n\n Every excellent project\nwill consider about the security of users\u2019 fund at first😃<\/p>\n\n\n\n Paul\nMont | Satoshi Club:<\/strong> Yes, crypto could be considered a wild\nwild west in terms of safety.<\/p>\n\n\n\n It\u2019s really wonderful\nand relieving to read that you\u2019ve have already taken steps in terms of the\nsecurity compliance 🚀<\/p>\n\n\n\n If you could share the\nlinks to the audits, I believe this or at the end of the AMA would be the best\ntimes to do so 😉<\/p>\n\n\n\n D.\n| Satoshi Club:<\/strong> and for now, we can go to the next\nquestion?<\/p>\n\n\n\n Austin\nShouYi:<\/strong><\/p>\n\n\n\n https:\/\/shouyi.ai\/hsc\/Shouyi-%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A-060921.pdf<\/a><\/p>\n\n\n\n JZ:<\/strong>\nHere is our audit report: https:\/\/roolend.finance\/static\/roolend-audit-en.pdf\/<\/a>\n <\/p>\n\n\n\n
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