{"id":10999,"date":"2021-07-26T23:23:24","date_gmt":"2021-07-26T20:23:24","guid":{"rendered":"https:\/\/esatoshi.club\/?p=10999"},"modified":"2021-07-30T12:07:57","modified_gmt":"2021-07-30T09:07:57","slug":"cryptoarena-x-satoshi-club-ama-recap-from-24th-of-july","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/07\/26\/cryptoarena-x-satoshi-club-ama-recap-from-24th-of-july\/","title":{"rendered":"CryptoArena x Satoshi Club AMA Recap from 24th of July"},"content":{"rendered":"\n

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 CryptoArena and our guests were @Lorenzo_CryptoArena, and @leonie_forsman – representatives of CryptoArena. The AMA took place on 24th of July.<\/a><\/p>\n\n\n\n

The total reward pool was 500$ and has been split into 3 parts.<\/p>\n\n\n\n

In this AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n

Part 1 \u2014 introduction and questions from the Website<\/h2>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nHello, dear Satoshi Club community! We are pleased to announce AMA with\nCryptoArena.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nToday\u2019s guests are @Blake4Liberty @leonie_forsman ! Welcome! Great to have you\nhere!<\/p>\n\n\n\n

Leonie CryptoArena | CATS:<\/strong>
\nHii, thank you! Please add @Lorenzo_CryptoArena as speaker \ud83d\ude42<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Hi! Of course 😊<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nA big welcome for @Lorenzo_CryptoArena as well 😉<\/p>\n\n\n\n

How are you doing guys today?:)<\/p>\n\n\n\n

Leonie CryptoArena | CATS:<\/strong>
\nExcellent! Excited to be here, how about you?<\/p>\n\n\n\n

@Lorenzo_CryptoArena needs permission to type btw \ud83d\ude09<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nI think it would be an euphemysm to say that We’re even more super excited to\nlearn anything about CryptoArena😁🔥🔥<\/p>\n\n\n\n

@GoldRocket27 will take care of it in a moment 😉<\/p>\n\n\n\n

Leonie CryptoArena | CATS:<\/strong>
We can’t wait to share everything about CryptoArena \ud83d\ude09<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nIn the meanwhile, would please start with a brief introductiona about yourself\nand CryptoArena?<\/p>\n\n\n\n

Leonie CryptoArena | CATS:<\/strong>
Sure! I am Leonie, cofounder & COO of CryptoArena, and we are building what we call the first “”self-decentralizing” exchange.<\/p>\n\n\n\n

That is, a crypto exchange + securities broker that distributes platform generated (net) revenue back to its users, through a game-like points scoring system.<\/p>\n\n\n\n

Basically, the more points, the larger the share you receive from the platform’s revenue.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
That is very interesting\u2026 and I’d add definitely unique.<\/p>\n\n\n\n

Leonie CryptoArena | CATS:<\/strong>
But the really cool part about it is that the proportions that get distributed increase over time as a consequence of our unique “self-decentralization”processes, from 25%, all the way to 100%, which will transition the holding entity into a fully self-sustained non-profit.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nWhat do you mean with Self-Decentralized Exchange? How is Crypto Arena goind to\nbe Self-Decentralized?<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
Hi everyone! Great to be here.<\/p>\n\n\n\n

Thanks for having us.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Hello and welcome to Satoshi Club @leonie_forsman and @Lorenzo_CryptoArena<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nHello @Lorenzo_CryptoArena! The pleasure I can assure you is definitely all\nours! 🔥🔥🔥<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nThanks for joining guys!<\/p>\n\n\n\n

Let’s start!
Introduce yourself please. How did you get to be involved in crypto & CryptoArena?
Tell us please about your position in CryptoArena?<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
🔥🔥 for benefit of audience, I am the founder\/CEO of CryptoArena, and look forward to answering any and all questions.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nI was just equiring @leonie_forsman to give us some tasty introduction about\nall the awesomeness that you guys will be fleshing out regarding Crypto Arena\nthrough the AMA 😁<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
\nIndeed – I can pick up from the question above \ud83d\ude42<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\n@leonie_forsman Has already told us a little about herself and the project, add\nsome interesting facts😁<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nAgain please, introduce yourself and tell us about a bit of your background as\nwell @Lorenzo_CryptoArena 🙂<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
\nI am Lorenzo Ferrari:<\/strong> Founder\/CEO of\nCryptoArena. I’m a former corporate suit turned decentralization evangelist.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nWhat is the essence of CryptoArena?What is your main idea and goal?<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
Our fundamental goal is to deliver what we believe “decentralized” finance should be, rather than what it presently is.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
How symbolic it is! We love decentralization too! 😉<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
In essence, we believe decentralized should imply “owner-less” and “free of special interests” as a default.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
It means you are a revolutionary😁🔥<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
Thus, an exchange should operate for the benefit of those that create value in its network: Users.<\/p>\n\n\n\n

Leonie CryptoArena | CATS:<\/strong>
Taking out the interests of the middlemen.<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
And well, we came up with a feasible way to deliver this.<\/p>\n\n\n\n

So really we’re just building on the original mission of this whole revolution.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nHow long does it take to develop a project? What plans do you have for the\nfuture? And what can we expect from CryptoArena?<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
The main platform takes a fairly long time for the crypto space, this is due to regulation more than tech really. As Leonie mentioned in passing, we aim to offer securities as well.<\/p>\n\n\n\n

which means we have to go through the toughest and longest audits on the planet<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nWell, this is really a very important aspect.<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
Those with institutions, (AFM.nl for EU, and SEC.gov for US)<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nI can picture the situation, unfortunately. Regulations are a real jungle.<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
So basically we start with simpler projects.<\/p>\n\n\n\n

still very cool tho.<\/p>\n\n\n\n

that we deliver every quarter from the previous one all the way to launch<\/p>\n\n\n\n

Leonie CryptoArena | CATS:<\/strong>
\nNFT Arena for example<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
So we can create utility and community, as well as distribute our tokens at a fairly lower valuation than what it will be when the “main” use cases for it go live<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nIn fact, it’s incredible! We are all at the origins of crypto history. And\npeople like you will write in textbooks on crypto 😁<\/p>\n\n\n\n

Also we would like to know about your team. Who is on the project team core?<\/p>\n\n\n\n

Leonie CryptoArena | CATS:<\/strong>
Thank you, we’re definitely in it for the long run!<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
Thank you ❤️ we try to keep humble and just put one step in front of the other<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
We’re actually quite small still, we have a team of 8, of which half devs half not.<\/p>\n\n\n\n

and work with some external parties here and there when we need help<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nIs your team anonymous?<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
No we’re not anonymous, you can find our pictures and links on the homepage at cryptoarena.org<\/a><\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nI have to praise you for being completely public and transparent.<\/p>\n\n\n\n

It\u2019s not a thing to take for granted in the crypto world and already helps building a lot of trust from the very beginning👏👏👏<\/p>\n\n\n\n

Leonie CryptoArena | CATS:<\/strong>
Most of our members are indeed on the team page \ud83d\ude42<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
It’s the only responsible thing to do for a project like ours 😇<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nThanks for the introduction, we will have a question selected for the Part 1.\nReady to start?<\/p>\n\n\n\n

Leonie CryptoArena | CATS:<\/strong>
Absolutely.<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
Always ready 😎<\/p>\n\n\n\n

Q1 from Telegram User @ambbobb<\/em>
CryptoArena Tokens $CATS is an utility token built on ETH network. We can involve in NFT ARENA battle to win $CATS. What is the benefit of holding $CATS token,how can we utilize premium perks with custom notifications while holding $CATS. You listed some features for your token like single-sided staking; Run a node NFT ARENA; Ticket to passive income. How does these features work, can you give more explanation about these?<\/strong><\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
Great question, but let me start with the ticker: it’s $CATS with the “S”, there’s another token without it that has nothing to do with us.<\/p>\n\n\n\n

Leonie CryptoArena | CATS:<\/strong>
\nFor NFT Arena you will be able to use the CATS in-game to get and make playing\ncards<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nThanks for fixing😉<\/p>\n\n\n\n

Lorenzo Ferrari:<\/strong>
The main use case of CATS (CryptoArena Tokens) is as a “multiplier” to the “glory points” you earn from all activity<\/p>\n\n\n\n

The “glory points” are the ones that get you shares of revenue distributions<\/p>\n\n\n\n

works basically like a power up in a videogame, allowing you to score more points for a period of time<\/p>\n\n\n\n

the other uses cases are:<\/p>\n\n\n\n