{"id":10939,"date":"2021-07-22T02:09:23","date_gmt":"2021-07-21T23:09:23","guid":{"rendered":"https:\/\/esatoshi.club\/?p=10939"},"modified":"2021-07-22T02:09:25","modified_gmt":"2021-07-21T23:09:25","slug":"shibanova-x-satoshi-club-ama-recap-from-17th-of-july","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/07\/22\/shibanova-x-satoshi-club-ama-recap-from-17th-of-july\/","title":{"rendered":"ShibaNova x Satoshi Club AMA Recap from 17th of July"},"content":{"rendered":"\n

Welcome to another episode of our AMA\nseries. Today we are glad to tell you about the AMA session with our friends\nfrom ShibaNova<\/a>, considered  as the next evolution of DeFi DEX, AMM, and\nYield Farming protocols. The AMA took\nplace on July 17 and our guests were @QueenOfDegens<\/a>\nand @Pls_call_me_Miss<\/a>.<\/p>\n\n\n\n

The total reward pool was 500$ and was\ndivided into three parts. In this AMA Recap we will try to summarize some of\nthe most interesting points for you.<\/p>\n\n\n\n

\n\n\n\n

PART 1, INTRODUCTION AND COMMUNITY\nQUESTIONS<\/strong><\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>\nHello Satoshi Club! We are happy to announce our AMA session with ShibaNova!\nWelcome to Satoshi Club.<\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>Hello hello! Thanks for having us :).<\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>Thank you – pleasure to be here with you guys \u2013\nexcited.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>As\nusually we want to ask you to introduce yourself and tell us more about\nShibaNova.<\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>Hi everyone, thank you again for having us! My name is Miss\nand I\u2019m one of the Bored of Degens with ShibaNova – my background has been in\norganizational leadership and performance management, working with Fortune 1000\nas well as Cyber-Security and Fintech startups on the corporate side for over\n15 years. My expertise is in building high-level and top-performing teams and\norganizations. My involvement with crypto started in 2017-2018 as an investor\nand I quickly fell in love with the space. I’ve been investing and studying it\nsince then. In researching projects, I’ve been a huge supporter of DeFi and\nwanted to find ways to get involved in projects as I believe I can bring my\nexpertise into the crypto world. I was fortunate enough to meet Jessie through\nthe Jessie DeFi Telegram channel and we immediately clicked. With the\nunfortunate turn of events with Uranium, our community at first was devastated\nbut ultimately, we decided the proactive thing to do was to try to put together\na project of our own based on Uranium. And thus, ShibaNova was born.<\/p>\n\n\n\n

Our team is amazing – we are a team of 13 individuals, who\nhave all come together to bring our expertise into the project. We have our\ntalented devs, we have our marketing gurus, we have expert community managers,\nwe have top-level designers and content creators – all of which has really lent\nitself to putting together an amazing project! It’s great to see that our team\nreally does put the project first – we all collaborate well together; everyone\nis always ready to lend a hand. When you have a good team, even the hard things\n= like launching a DeFi project – it becomes pretty darn easy.<\/p>\n\n\n\n

We consider ShibaNova as the next evolution of DeFi DEX,\nAMM, and Yield Farming protocols – we are DeFi 2.0.  Most new projects tend to have a huge buzz\naround it in the beginning – and during launch, the price of their token\n(expectedly) goes way up only to come crashing down because the sell pressure\nfrom early investors pushes the price down until it’s close to zero. All\nprojects have gone through this boom and bust cycle – DeFi investors very\nrarely stay in projects long-term. ShibaNova solves this problem by creating\nshareholders instead of just liquidity providers. When you provide liquidity\nfor our project through our NOVA\/BNB and NOVA\/BUSD pairs, you are rewarded with\nour dividend token, sNOVA. Holding sNOVAs entitles our shareholders to receive\ndaily dividends paid out in BNB and BUSD, in proportion to the number of sNOVAs\nthey hold. The dividends are paid out through our Money Pot, which holds and\ndistributes 75% of all swap fees in our dApp. Our shareholders are literally\ngetting paid out in every block! At the end of the day, DeFI investors don’t\nwant to constantly be moving their money around – it’s too much work! We want\nto reward our shareholders for staying in our project by literally giving them\nthe lion’s share of the profits. Additionally, we want to drive adoption\nthrough our shareholders because by using our DEX and AMM, they are literally\nincreasing the funds collected in the Money Pot that will be distributed back\nto their wallets. The more successful the DEX and AMM are, the bigger our Money\nPots will be and the higher the dividends will be for our shareholders. We are\ncreating a win-win situation for everyone – and ensuring that our project\ncontinues to grow long term, instead of becoming just another flash-in-the-pan\nfarm.<\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>Sure – I need little in the way of introduction\n‘Queen of Degens’ need I say more ha-ha 🤣\n– seriously though, we are a team of 13 who come from all different backgrounds\nand have many unique skill sets, we have a couple of things in common and that\nis defi and we all got hurt in the now infamous Uranium exploits, which is what\nbrought us together to form ShibaNova. We loved the original ideas and we\nbelieved we could make them happen with security being paramount in all that we\ndo.<\/p>\n\n\n\n

Personally I loved the original concepts of the cypherpunks\n– true decentralisation without borders and people being able to freely\ntransact with one another taking the power back from the privileged few – it’s\ngonna be difficult and we have a long road ahead but I believe we can do it<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>When\ndid you first hear the word DeFi? Because mostly people heard it when it was\noverhyped.<\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>I heard about DeFi last year with DeFi summer. I was\nfascinated by projects on ETH but when projects started popping up in BSC, like\nPancake Swap – that was a game changer for me.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>\nHow long did it take you to build ShibaNova project?<\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>We love the cute cuddly Shiba who doesn’t right, we\nalso love the awesomeness of a supernova – this ShibaNova – and there is only 1\nShibaNova right! Besides we love our sweet little space puppy 🐶.\n<\/p>\n\n\n\n

Coincidentally we are about to run a competition tomorrow to\nname our space Shiba – we’ll be giving away precious NOVA as a prize 😉<\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>Well for us, it was part capitalizing on meme time BUT at\nthe same time, SHIBA at the root of the word means \u201cdestined\u201d – NOVA – among\nthe stars – so our project is literally \u201cdestined to be among the stars\u201d.<\/p>\n\n\n\n

So our team was originally formed back in early April – and\nwe\u2019ve been tinkering away since then. But we\u2019ve all been in community and\nlearning\/investing together through Jessie DeFi since the beginning of 2021.<\/p>\n\n\n\n

Q1 from Telegram User\n@Highpee<\/strong><\/p>\n\n\n\n

Your Project is a\nhardfork of Uranum Finance (which was hacked and rugged) and I like that you\nare paying attention to security. You delayed start of presale until the audit\nreport from PeckShield is ready even though you already did two audits. I also\nsaw that you will partner with protocols like Soteria and InsureAce to provide\nafter launch insurance. As if this is not enough, you are implementing a\nmulti-signature wallet that will require 3 out of 5 board members to sign on\nbefore any changes can be made to your contract. Since this means that you may\nnot renounce your contract, I will like to know who are the 5 board members and\nhow are they constituted? If there is a disagreement between the board members\nand you needed to make contract adjustment, how will you find a common ground\nsince the multi-sig timelock wallet owns the master Sol to your contract? Also,\nwhat aspect of your protocol\u2019s products are you planning insurance for and what\nwill users do to benefit from insurance cover when risk incidents are\ntriggered?<\/em><\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>Our 5 Members of our BOD include Jess and I as well as our\n2 lead devs and our head of finance and legal. Trust me, we\u2019ve already had our\nbrush ups but that\u2019s normal when working with a high performing team \ud83d\ude42 We all\nhave ShibaNova\u2019s success at heart and we make sure to work through our\ndifference with that guiding principle.<\/p>\n\n\n\n

As for what part we will get insurance for, this is still\non-going discussions and we\u2019ll have to implement this after we launch. Which\nwill be very very soon here!<\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>So our board or as we call it the ‘Bored of Degens’\nis comprised of the 5 founding members – we all have equal decision making\npowers – 1 vote to 1 person, we believe in true democracy and with small things\na majority vote is all that’s needed for us to agree our decisions – for much\nlarger and structural questions we have a policy of finding a majority\nconsensus and we talk and discuss and find information together until we are\nhappy – the numbers work well, 5 is enough to get good varied opinions but not\ntoo much as to risk getting deadlocked.<\/p>\n\n\n\n

We also invite the rest of our team into our decision making\nprocess, do we consult with them to get their views. We meet once a week as s\nboard face to face over zoom – this works well for us.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>As\nI know when everything is good – everything is good, but if one member will be\ntotally disagreeing?<\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>We put it to a vote \ud83d\ude42 And we all respect what that outcome\nis.<\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>Well then we are a democracy and majority rules – and\nthus has happened, luckily although we identify as true degens we are actually\nall grown-ups and can agree to disagree – for s bunch of degens\u2019 we are really\nvery civil ha-ha.<\/p>\n\n\n\n

Q2 from Telegram user\n@andrey_seleznov<\/strong><\/p>\n\n\n\n

Hi ShibaNova. I\nnoticed a presale page on your website and each user\u2019s purchase is limited to a\n200 NOVA. I\u2019d like to learn how to participate in your presale. Is it required\nto be whitelisted for this, if so, how can new people apply to be whitelisted?\nWhat will be the vesting schedule for your presale, all tokens available on TGE\nor will there be delayed vesting? Thank you!<\/em><\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>Yes, our devs built our own presale dApp from scratch \ud83d\ude42 We\nare whitelisting for our presale and only people on the whitelist are able to\npurchase – so we have guarded against bots buying in. We are currently running\nour presale contest through SweepWidget – last I checked there\u2019s over 4,000\npeople vying for 50 spots. No our NOVA tokens do not have any vesting at the\nmoment. https:\/\/t.me\/ShibaNovaAnn\/239<\/a>\n<\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>Haha you and 4.5k other people who are currently\ncompeting in our competition ‘The last stand’ for 50 whitelist ALLOCATIONS for\n100 NOVA each tomorrow – this will be out last presale now before launch – we\nhave several competitions right now including a Twitter lottery where you can\nwin one of 25 ALLOCATIONS just got liking tweets etc. wait.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Why\nyou decided to do this? Mostly projects prefer to vest.<\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]:<\/strong> Mary, the presale is for 100 tokens. Lockups exist for\npresales that number into the millions :).<\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>Good question – we decided to do the presales to\nfirstly fund our audits, secondly fund marketing – but the easy we have fine it\nensures as wider distribution of tokens as possible to ensure as ‘flatter’\ncurve as possible – and remember our PRESALE price at $2 is also the price that\nwe will list at.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>and\nwhy you decided to distribute tokens in a presale model? you want to raise\nmoney for the project? how collected funds from presale will be used in\nproject’s ecosystem?<\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>Great question! Our project is largely self-funded through\nour team members. Because we wanted to allocate a lot of our resources for\naudits – and top tier audits – we wanted to make sure to have enough funds for\nthat.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>What\nis the total supply and how many tokens are total for sale (for all rounds)?<\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>There\u2019s less than 100,000 tokens available for presale.\nThis includes tokens that we will use\/lock up for initial liquidity at launch.<\/p>\n\n\n\n

We currently have about 200 NOVA holders that hold at least\n50 tokens before launch – so it\u2019s a very flat distribution. No one will have\nmore than 2% of tokens when we launch.<\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>Liquidity locked for roughly the same amount of time\nit takes for s supernova – about 1000 years.<\/p>\n\n\n\n

Our emissions are interesting – we start out at 1 NOVA per\nblock and decrease by 2% every 12 hours until we get to 0.5 our block – then we\nwill assess the situation and if as a team we feel we are in a good position\nwill then consult with our community to see if they would like us to continue\nthe decay down to 0.1%.<\/p>\n\n\n\n

Q3 from Telegram user\n@charliepotz<\/strong><\/p>\n\n\n\n

As you stated in your\nmedium site, ShibaNova has two token, NOVA (native farm reward token) and sNOVA\n(dividend token). By holding sNOVA, investors will be able to claim their share\nof the daily BNB and BUSD rewards from the Money Pot. And sNOVA can only be\nobtained by providing liquidity with the BNB\/NOVA or BUSD\/NOVA liquidity pairs.\nCan you please elaborate more about this two tokens? And can you tell are there\nminimum amount of holding of sNOVA to be able to claim the rewards? Can you\ntell us what is Money Pot? And how about the user case of Nova? What is the\nbenefits and advantages of purchasing and investing Nova?<\/em><\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>ShibaNova is a project that rewards early investors by\nmaking them our shareholders instead of just liquidity providers. 75% of the\nrevenues from swap fees on our DApp will be allocated towards daily dividend\nrewards in the Money Pot – shareholders will be able to harvest BNB and BUSD\nDaily.<\/p>\n\n\n\n

Our native token is called Nova. Our investors\/shareholders\nprovide liquidity by pairing it with BUSD or BNB. By providing liquidity with\neither the NOVA-BNB or NOVA-BUSD pairs, you will be rewarded with sNova, our\nreward token.  By holding sNova, you will\nbe able to claim your share of daily BNB and BUSD through our Money Pot. This\nis one of the best ways to realize true passive income.<\/p>\n\n\n\n

There\u2019s no minimum requirement for the number of sNOVA for\nyou to claim rewards from the Money Pot. Your rewards will be in proportion to\nthe number of sNOVAs you hold vs the number of sNOVAs in existence. So\nnaturally, the more sNOVAs you hold, the bigger the dividends you\u2019ll received\ndaily from the Money Pot.<\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>Ooooo great questions – your community is really very\nswitched on, not like a lot of extremely botted groups we have seen elsewhere. We\nalso have some ideas for extending the rewards system for NOVA holders as well\n– but I’m not allowed to talk about that yet else the team will kill me (again)\nha-ha.<\/p>\n\n\n\n

There is no minimum sNOVA you need to hold, you are paid\ndividends directly proportional to the amount of sNOVA you hold and the\npayments are paid per block.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>With\nall this do you think there will be a sense to join ShibaNova for a new guy, I\nmean those, who won’t be able to participate in presale for some reasons? As\neverything best will be for early investors.<\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>It makes for s very interesting dynamic because you\ncan swap sNOVA for NOVA after 3 days without penalty, but then of course you\nsacrifice your dividends payouts, but then paradoxically you increase the\namount that all the sNOVA holders get off the rewards because there is now less\nsNOVA.<\/p>\n\n\n\n

Yes, we have designed the project this way as we want to\nreward our early and loyal investors, anyone who gets in in the first few weeks\nwill still be early and found certainly be able to capitalize – remember we are\nbuilding a DEX to go toe to toe with the big boys – so the early yield farming\nis the first bootstrapping phase.<\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>Like we said before, no one will have more than 2% of the\ntotal supply at launch. So anyone who is able to purchase NOVAs after presale\nhas the ability to purchase more NOVAs than anyone was able to during our\npresale phase. We give our rewards daily, with every block so whenever anyone\nbuys into the project is a good time to earn rewards.<\/p>\n\n\n\n

Q4 from Telegram User\n@luk4jah<\/strong><\/p>\n\n\n\n

ShibaNova have 4 Queens,\nQueen Nova, Queen of Degen, Queen of Shiba and Queen Neith while your Kings are\nKing Shiba and King Nova including the Kepla\u2019s Star and Tycho\u2019s Star. My\nQuestion is what link do they have with your project since all are related to\nthe Universe and its Galaxies? What are the roles and functions of each Kings\nand Queens and what Unique value do they add to your project? Thanks<\/em><\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>And it is our early and faithful investors who will\nbe rewarded when it DEX matures and we have significant trading volume. My own\nis actually the name of the biggest super massive black hole in the known\nuniverse.<\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>Jess loves giving our team nicknames :). We just want to be\non there with our nicknames. We are a space themed project after all.<\/p>\n\n\n\n

There are real jobs behind every person with a nickname but\nyes they\u2019re more of a kitschy way we bring our space theme together. We don\u2019t\ntake ourselves too seriously. So it\u2019s fun times! (Our Telegram chat is always\nLIT!).<\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>And our Rose bot has a baby bot that you can call by\ndoing \/SUPERNOVA in our chat and it gives you menus for all sorts of\ninteresting info about our team and space and time ha-ha. And some pretty GIFs\nas well ofc.<\/p>\n\n\n\n

Q5 from Telegram User\n@nhairym<\/strong><\/p>\n\n\n\n

One of the points that\ninvestors consider the most in any project is security and you definitely take\nit very seriously since you assign a large part of your funds to this account,\nhow often the audits will be carried out, who will be in charge of selecting\nthe external auditors and at the technological level what are their strategies\nto guarantee security. trust, transparency and confidentiality of the\nparticipants? One of the points that investors consider the most in any project\nis security and you definitely take it very seriously since you assign a large\npart of your funds to this account, how often the audits will be carried out,\nwho will be in charge of selecting the external auditors and at the\ntechnological level what are their strategies to guarantee security. trust,\ntransparency and confidentiality of the participants?<\/em><\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>Audits are very important in DeFi but not every project\ninvest ms enough in them. Most projects launch without one. And they\u2019re\nsurprised when they get rug pulled or exploited! We are not launching our\nproject with 1 but with 3 full audits – with CTDSEC, EtherAuthority, and\nlastly, with PeckShield – who is arguably the best blockchain auditor in the\nspace right now. These audits are not cheap. This is why we wanted to do a\npresale to cover the funds. But it\u2019s necessary in our eyes to make sure our\ninvestors\u2019 funds are SAFU.<\/p>\n\n\n\n

Here\u2019s the link to one of our audits with EtherAuthority: https:\/\/etherauthority.io\/shibanova-smart-contracts-audit\/<\/a>\n<\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>Good question – and as our vision is to transition to\na true DAO we want to consult with our community as much as possible regarding\ndue process and attribution of auditing companies – we have set the bar now\nwith Peckshield and honestly they are so worth the money and are very very\nhappy with what they have done so far. Our Devs after currently working with\nthem to fix the small but significant flaws in our code – we plan to audit our\ncode every time we push new changes. https:\/\/t.me\/ShibaNovaDEX\/44442<\/a>\n<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>what\nabout team members? can you say that you can trust each other? we know that\ncontract can be audited and safe, but there is always a human factor, someone\nfrom the team could has access to funds and leave with money in one day.<\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>Again, this is why we have our board and our MultiSig. We\nneed 3 approvals from our BOD to execute any transactions.<\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>We came together initially through my community defi\nchannel @jessiedegens and have got to know each other really well, in fact we\nare almost like family to reach other now, we all look after one another and\nensure we are all getting enough rest and all that good stuff.<\/p>\n\n\n\n

Q6 from Telegram User\n@NSZR1<\/strong><\/p>\n\n\n\n

Shibanova has achieved\nquite a few milestones proposed in this year\u2019s roadmap, in May you launched\nyour medium page, in June it was the presale of $NOVA, the smart contract\naudits were achieved, and this month the official launch of the dApp is planned\nby shibanova. However, in the roadmap I could only see information and plans\nuntil July 2021, I would like to know what plans you have prepared for the\nusers for the Q3 and Q4 of this year and what will be the next milestones that\nShibanova will want to meet for the next 2022?<\/em><\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>Yes, this is a really good question actually and it\nis top of us to do list to update our road map although it energy right now is\nall about the launch. The end goal (or maybe even beginning friending which way\nyou are looking at it) is to transition to become a DAO – nearer milestones on\nour roadmap will include NFT’s (if which we already have some very nice shiny\nalready made) and going cross chain to matic, Fantom, avalanche, and Cardano\nand POLKADOT when their main nets launch.<\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>We have a lot of things going on – both short term and long\nterm Road Map targets. <\/p>\n\n\n\n

For our Dev Team: Along with securing our smart contracts\nand code, our Dev and Design teams are building an entirely new UI from\nscratch. We are very excited to unveil that design when we launch.\nAdditionally, our dev team built our own presale dApp – and both our 2 rounds of\npresales have gone off seamlessly, so much kudos to our team – we are planning\nto have a project launchpad to help other projects get off the ground. <\/p>\n\n\n\n

For our Marketing Team: We have put together our Social\nMedia and Marketing campaigns in full force, starting with our engaged Telegram\nand Twitter communities – we currently have just about 5,000 in our Telegram\nand over 8,500 in Twitter – all before we be launched. We\u2019re kicking up our AMA\nseries, we are going around the world in 7 days with our AMAs! <\/p>\n\n\n\n

For our BOD: We have negotiated partnerships with our\nauditors – we would have 2 audits completed by CTDSEC and EtherAuthority. We\nare waiting any day now to complete our audit with PeckShield! We are also\nnegotiating partnerships with DEX aggregators like 1Inch – we are hoping to\nestablish these partnerships soon after we launch. <\/p>\n\n\n\n

As for our roadmap, we are nearing the end of our presale.\nOnce we receive our 3rd audit from PeckShield and get the greenlight from our\nDev Team, we will launch ShibaNova!  Soon\nthereafter, we are opening up our farms. <\/p>\n\n\n\n

Long term, we are exploring incorporating NFT’s and\npotentially a novel lottery as well as expanding outside of BSC, creating a\nbridge to other chains like Polygon, Avalanche, Cardano, etc. and truly\nbecoming a multi-chain DeFi project. These are all in our mid-to-long term\nplans, by Q3 and Q4 in 2021.<\/p>\n\n\n\n

\n\n\n\n

PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n

The chat was open for 120 seconds; a\nlot of questions were posted by Satoshi Club community. Our guests chose some\nof them.<\/p>\n\n\n\n

Q1 from Telegram user\n@ruhel000786<\/strong><\/p>\n\n\n\n

Where can we buy $NOVA\nother than shibaNoVA dapps? Are you planning for listing CEX and DEX?<\/em><\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>Yes, we do have plans to list on a tier 1 DEX but ofc\nwe are still in talks at this time do can’t divulge the specifics.<\/p>\n\n\n\n

Q2 from Telegram user\n@clizznitz<\/strong><\/p>\n\n\n\n

Nova will pump in some\ntbd fashion after launch as do all farm tokens. \nThen farming begins and the emissions start generating tons of\nNova.  Short term and long term, what\nNova utilities can you share with us that will help fight off the downward\nprice action and sell pressure?<\/em><\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>We have our emissions that reduces every 12 hours so our\ntokens will get harder to get over time so you will want to get your hands on\nthem and keep them long term \ud83d\ude42 <\/p>\n\n\n\n

Also, we are going to be adding a \u201clottery-like\u201d system that\nrewards NOVA and sNOVA holders every few days and to qualify, you\u2019d need to\nkeep holding onto your NOVAs – so we benefit long-term holders!<\/p>\n\n\n\n

Q3 from Telegram user\n@ronaldo_super<\/strong><\/p>\n\n\n\n

There are two tokens\non your project. Which one is better to invest for long term NOVA or sNOVA?<\/em><\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]:  <\/strong>BOTH!! But sNOVAs\ngive you daily rewards, block by block – so to realize passive income, you\u2019d want\nto hold sNOVAs.<\/p>\n\n\n\n

Q4 from Telegram user\n@cryptofollower<\/strong><\/p>\n\n\n\n

What makes ShibaNova\nthe next evolution of DeFi what new features does it have different than other\nprojects?<\/em><\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>Okay -so this is a nice segue for what we describe as\ndefi 2.0 – and what we mean by that is that we truly want to model a new\nparadigm for defi, one that puts security front and centre – that is open,\ntransparent, receptive to the community and driven by the community – don’t get\nme trying m wrong there are some great examples of projects that are operating\nlike this, but we see that in this gold rush that we call DEFI rug pulls (soft\nand hard) exploits, general shadiness has become the norm in this space, we\nwant to change this narrative by modelling what we believe good defi should\nlook like – safe, secure and honest – we want to become the flagship that new\nprojects can point to and say ‘yeah we want to be SAFU like ShibaNova’.<\/p>\n\n\n\n

Q5 from Telegram user\n@coinresearcher<\/strong><\/p>\n\n\n\n

How can I join the\nwhitelisting on SweepWidget what are the requirements for joining the\nwhitelisting?<\/em><\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]:  <\/strong>Make sure to log in\nhere: https:\/\/sweepwidget.com\/view\/26990-j0v5zkx8<\/a><\/p>\n\n\n\n

Q6 from Telegram user\n@Karoceh<\/strong><\/p>\n\n\n\n

I think the Money Pot\nconcept is quite interesting. But is Money Pot free from intervention? can we\nbe sure that the dev team or third parties won’t access it for bad purposes?<\/em><\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>The Money Pot automatically receives 75% of the fees so no\nthat can\u2019t be tampered \ud83d\ude42 Again any changes to anything, we have our MultiSig\nto make sure that nothing happens without our approval!<\/p>\n\n\n\n

Q7 from Telegram user\n@Manugotsuka<\/strong><\/p>\n\n\n\n

Do you take into\nconsideration the voice of the community to set and aim the future of your\nproject? How the community members can share their ideas to improve your project?<\/em><\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>Absolutely – this is actually one of our core values\n– security first with community a very very close second – and I think that\nshows not just in our numbers 4.5k TG members (not bots!) and 8k Twitter\nfollowers – and we were not even launched yet ‘hello!’ but also in the amount\nof very real engagement we have both on telegram and Twitter. We are building s\ncommunity as our foundation, and our community is strong. We have already\nconsulted with the community on many key issues and we plan to continue with\nthis approach to development and problem solving moving forwards. Yes, a DAO is\nour ultimate goal but we will be engaging with our lovely community as much as\nis humanely possible along the way. We are always open to constructive\ncriticism and welcome people to reach out to us with their ideas or likewise\nconcerns – we are all ears, and much more than that, we are from the community\nand we are all truly for the community – ShibaNova is for the people.<\/p>\n\n\n\n

Q8 from Telegram user\n@atillayeni<\/strong><\/p>\n\n\n\n

You said your journey\nwith crypto started in 2017-2018. So which coins did you invest at that time?<\/em><\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>I\u2019m a huge fan of Cardano – so that\u2019s still in my\nportfolio. We hope to build on Cardano actually. I was also a huge early\nsupporter of Matic – and we also hope to build on Polygon\/Matic so in a way,\nthey\u2019re paving the way for ShibaNova in the future :).<\/p>\n\n\n\n

Q9 from Telegram user\n@Annodam1_0<\/strong><\/p>\n\n\n\n

How important is the\ncommunity to sNOVA, and what efforts will the team take to ensure that the\ncommunity’s and investors’ interests are protected?<\/em><\/p>\n\n\n\n

Pls_call_me_Miss\n[ShibaNovaDEX]: <\/strong>Our community is everything to us!! We love our community\nmembers because they\u2019re so passionate about ShibaNova and it helps me to want\nto work harder for all of us \ud83d\ude42 We are implementing all manners of security\nlayers to make sure we protect our investors. Please join us t.me\/ShibaNovaDEX<\/p>\n\n\n\n

Q10 from Telegram\nuser @Pokerlight<\/strong><\/p>\n\n\n\n

I realized that\nShibanova has its own Japanese and English. \nHave you considered integrate or create more local communities? Also\nwill you implement an ambassador program to spread your name more widely?<\/em><\/p>\n\n\n\n

QueenofDe\u0346\u0314\n\u0307\u0300gens[ShibaNovaDEX]: <\/strong>Great question – we have local unofficial groups now\nand in no particular order – Japan, Russia, China, Indonesia, Philippines,\nHolland Belgium and Luxembourg, Italy, Sri Lanka, and many more that we are\nplanning – if you love ShibaNova and you would like your own local community\nplease do reach out to us and we will fully support you to get one going in\nyour native language. Ambassadors is a nice idea and we may well consider this\nin the future.<\/p>\n\n\n\n

\n\n\n\n

PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n

As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about ShibaNova. A link to a\nQuiz form was sent into the chat. Participants had 10 minutes to answer. 300$\nwere distributed between the winners. <\/p>\n\n\n\n

For more information and future AMAs, join our Social Media\nchannels: <\/strong><\/p>\n\n\n\n