{"id":11230,"date":"2021-08-05T15:11:47","date_gmt":"2021-08-05T12:11:47","guid":{"rendered":"https:\/\/esatoshi.club\/?p=11230"},"modified":"2021-08-05T15:11:50","modified_gmt":"2021-08-05T12:11:50","slug":"ydragon-x-satoshi-club-ama-recap-from-4th-of-august","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/08\/05\/ydragon-x-satoshi-club-ama-recap-from-4th-of-august\/","title":{"rendered":"YDragon x Satoshi Club AMA Recap from 4th of August"},"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 YDragon and our guests were @Leonk19, @HalfdanYDR, @O_C_T_A_L, and @RaidenRed – representatives of YDragon. The AMA took place on 4th of August.<\/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 again, dear Satoshi Club community! We are pleased to announce AMA with\nYDragon.<\/p>\n\n\n\n

Raiden – YDragon CEO:<\/strong>
\nHey guys<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nToday our guests are @Leonk19 @HalfdanYDR @O_C_T_A_L @RaidenRed😊<\/p>\n\n\n\n

Welcome to Satoshi Club 🚀<\/p>\n\n\n\n

Leon, YDragon CMO:<\/strong>
\nHey everyone! Thanks for having us here \ud83d\ude42<\/p>\n\n\n\n

OCTAL:<\/strong>
Hi guys!<\/p>\n\n\n\n

Halfdan – Ydragon – NEVER DM YOU FIRST:<\/strong>
\nHi guys, glad to be here today with all of you !<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
\nYDragon Family, welcome to our group👏<\/p>\n\n\n\n

We are happy to have you here!<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nHello and welcome to Satoshi Club, @Leonk19 @HalfdanYDR @O_C_T_A_L @RaidenRed!<\/p>\n\n\n\n

How are you doing 😊<\/p>\n\n\n\n

Halfdan – Ydragon – NEVER DM YOU FIRST:<\/strong>
\nWe are good good, a lot of actions going on and it’s very exciting !<\/p>\n\n\n\n

Leon, YDragon CMO:<\/strong>
Really good thank you, we’re excited to be here and to discuss our project with you. I hope everyone is doing well today.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nSatoshi Club really happy to have you here today😊<\/p>\n\n\n\n

So\u2026 Let’s start!
Introduce yourself please. How did you get to be involved in crypto & YDragon?
Tell us please about your position in YDragon?<\/p>\n\n\n\n

Raiden – YDragon CEO:<\/strong>
\nI’m Raiden, the CEO of YDragon. I was a core library contributor at a\nmulti-billion dollar blockchain juggernaut, Big Data analyst for a secondary\nmarket platform, ex-founder and CEO of an ambitious tech startup and am a\nback-to-back high performance computing hackathon winner.<\/p>\n\n\n\n

OCTAL:<\/strong>
\nYeah so I’m COO of YDragon, my experience comes from being a day trader for a\nfew years, a backend dev at a big investment bank for another few, and a\nweb\/mobile project manager later on for 4 years. Now I work at YDragon full\ntime.<\/p>\n\n\n\n

Leon, YDragon CMO:<\/strong>
\nSure, so I’m Leon, my background is in project management and marketing, and I\nhave worked on delivering large scale consulting projects in the software\nindustry. I also recently worked on delivering projects and managing change\nwithin one of the largest cryptocurrency liquidity providers. I now work on\nYDragon full time and have been working in this space for 4 years.<\/p>\n\n\n\n

Halfdan – Ydragon – NEVER DM YOU FIRST:<\/strong>
\nI’m Halfdan, Chief of Business for YDragon. I’ve been working in IT for 8 years\nas a business manager for some top tech companies (most famous being Oracle).
\nI’ve been in crypto since 2017 where I was a small investor on my own and\nstarted to work on several projects. I even got the chance to go to Asia and\nmeet some really good projects such as the Huobi team in their HQ in Singapore\nor even to participate in Blockshow 2018. And now I’m working full time for\nYDragon since January<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
\nGreat personalities here😁, it’s an honor for us.<\/p>\n\n\n\n

What is the essence of YDragon and which problems do you try to solve?<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nGuys! your experience is really impressive🔥😊<\/p>\n\n\n\n

What is the main idea of the project?<\/p>\n\n\n\n

Raiden – YDragon CEO:<\/strong>
The increasing growth of the DeFi market is creating a plethora of opportunities for investors, leading to brand new innovations. Some of these innovations may focus on improving the DeFi evolution on Ethereum, whilst others may focus on building DeFi infrastructure on other chains.<\/p>\n\n\n\n

This creates a problem of\nchoice for traders due to over-saturation of projects. Gaining exposure to the\nopportunities presented across the market is therefore time consuming,\ntechnically difficult and involves risk. <\/p>\n\n\n\n

Investors want to access\nthe best opportunities they can, with ease, and YDragon was born to allow them\naccess to momentum enhanced opportunities, by allowing them to have a\ndiversified portfolio spread across multiple blockchains with ease.<\/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 YDragon?<\/p>\n\n\n\n

Leon, YDragon CMO:<\/strong>
Sure, so the main idea is partially covered by what Raiden said above. We’re trying to address a lot of key issues for investors and traders, but we’re really trying to simplify the process of investing and allowing users to diversify their portfolio, reduce their risk but also maintain the benefits associated with DeFi<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Gotcha👍<\/p>\n\n\n\n

Leon, YDragon CMO:<\/strong>
It depends on the project and its complexity, but we’re been working on the background logic since last year, though our frontend work is still in development. YDragon has multiple goals set in place to advance the project further across all areas. We are planning to achieve a big TVL from the get-go by working on marketing, partnerships and project development in parallel. Our team is experienced enough to deal with all of these aspects which will allow YDragon to achieve the milestones we have put in place.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Now, please explain us the name and logo of YDragon😃<\/p>\n\n\n\n

OCTAL:<\/strong>
The “Y” stands for Yield so YDragon means Yield Dragon. The inspiration behind YDragon was to develop on the themes around ancient dragons hoarding and protecting treasure and gold. So the bottom line is that YDragon is a platform built from the ground up to protect investor assets and provide a safe place to earn reliable returns.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nAlso we would like to know about your team. Who is on the project team core?<\/p>\n\n\n\n

Halfdan – Ydragon – NEVER DM YOU FIRST:<\/strong>
\nAs for the logo, you can notice our dragon’s head is actually forming a Y 😉<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Thanks for clarifying ☺️🐉🐲<\/p>\n\n\n\n

Yes, decently laconic and beautiful 🐲👍<\/p>\n\n\n\n

Halfdan – Ydragon – NEVER DM YOU FIRST:<\/strong>
\nWe are a core team of 4 that recently expanded to 12 members, including a large\noutsourced dev team, and we\u2019ve been working on this project since the beginning\nof this year. YDragon was born out of the idea that the Defi space doesn\u2019t have\na mature set of tools that empowers investors in risk management via\ndiversification across the whole world of blockchain.<\/p>\n\n\n\n

We want YDragon to be the one-stop shop for investors wanting to park their money and benefit from a diversified set of investments and innovative defi instruments.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
So creative, I like it.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
You have really ambitious goals🐲<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Are you an anonymous team?<\/p>\n\n\n\n

Halfdan – Ydragon – NEVER DM YOU FIRST:<\/strong>
\nAt the moment, we can be seen as anonymous in our website but we are going to\nupdate it in the coming days with public faces for most of us \ud83d\ude42<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nThanks for great introduction, we will have a questions selected for the Part\n1. Ready to start?<\/p>\n\n\n\n

This is a good sign😉<\/p>\n\n\n\n

Halfdan – Ydragon – NEVER DM YOU FIRST:<\/strong>
\nLet’s (gold) rock(et) it ! \ud83d\ude42<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Agree.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\n🚀<\/p>\n\n\n\n

Q1 from Telegram User @kimzyemma
<\/em> Your token $YDR is a UTILITY token and the same time a GOVERNANCE token where users will have ability to vote and decide of the future of the YDragon indexes & strategies, and earn passive income at the same time. Why $YDR possesses two functional assets? Governance tokens are created by developers to allow token holders to help shape the future of a protocol while utility tokens are issued in order to fund development of the cryptocurrency? What will be the effect of your token in market? How do you want to prove transparency of your token?<\/strong><\/p>\n\n\n\n

OCTAL:<\/strong>
You can view governance as a form of utility: for investors that are interested in being part of the future of what they are investing in, being a part of that process is a form of utility for them. So we don’t view as being a governance token and a utility token as being two mutually exclusive aspects of a cryptocurrency.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nBy the way, it would be great if you could share your tokenomics with us here😊<\/p>\n\n\n\n

OCTAL:<\/strong>
\nAs for the last few questions regarding the effect of our token on the market,\nI think whatever utilityt is added to a token, the more positive it has of an\neffect on price appreciation: the more utility a token has, the more diverse\nthe holder group is of that cryptocurrency. More utility is always good to\nhave, as your project caters to a diverse set of interests<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Is there more usecases of $YDR? What are the main benefits for long term holders?<\/p>\n\n\n\n

Raiden – YDragon CEO:<\/strong>
We’ll release the tokenomics when we announce the IDO during mid-August<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Don’t forget to share with us😊<\/p>\n\n\n\n

Raiden – YDragon CEO:<\/strong>
YDR is the utility & governance token of the YDragon ecosystem. YDR captures the growth of every index within the ecosystem, receives numerous revenue sources, allows the community to participate in governance and therefore provides incentive to hold. YDR will accumulate numerous revenue streams from fees on many indexes as well as from the yield bearing collateral and increased exposure to YDR in the indexes of the YDragon ecosystem. Users will be able to provide liquidity for indexes and farm YDR or stake index coins and earn YDR. <\/p>\n\n\n\n

We are also working on\nother soon to be announced usecases to push YDR to new heights.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Thank you very much for the detailed answers! ready for the next question or want to add something? 🐲<\/p>\n\n\n\n

OCTAL:<\/strong>
Ready for more!<\/p>\n\n\n\n

Q2 from Telegram User @Right_clicK1
<\/em> Your ecosystem was created in such a way to accumulate value across the whole DeFi landscape and your index is initially launch on BSC due to its relatively low fees and increment in popularity. Since it is a initial launching, does that mean it will be withdrawn from BSC and placed in another chain, IF NOT, what are others blockchain you have in plan to integrate? You incentivizes user by having 0% fees for minting index token during initial minting event (IME), what are other incentive programs you have for the community in your project?<\/strong><\/p>\n\n\n\n

OCTAL:<\/strong>
No it will not be withdrawn from BSC of course 🙂 And yes, we are planning on spanning as many blockchains as possible by releasing indexes native to other blockchains one at a time. For example, as you might have seen, we are partnered with Polygon so expect an index for Polygon-native projects.<\/p>\n\n\n\n

As for other incentives, nothing is set in stone but we are constantly brainstorming new ideas to entice new investors with investing in our indexes early.<\/p>\n\n\n\n

If you’re curious, you can check out our medium article about IMEs and potential incentives (info at the bottom): ydragon-io.medium.com\/d6fcacb1ec6c<\/a><\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nI know you have a valid Razer giveaway btw? Please share with Satoshi Clubbers🐉<\/p>\n\n\n\n

Raiden – YDragon CEO:<\/strong>
Yeah we’re doing a massive giveaway for the community, here are the details for it:<\/p>\n\n\n\n

Complete the tasks here: https:\/\/gleam.io\/mYvzj\/ydragon-razer-giveaway<\/a> to be in with a chance at winning one of the three below prizes!<\/p>\n\n\n\n

1st🥇A top of the line Razer Blade 15 Gaming Laptop!
\n2nd🥈A Razer Huntsman Mechanical Keyboard!
\n3rd🥉A Razer Kraken Headset!<\/p>\n\n\n\n

There is 1 entry per task\ncompleted, so for the best chance to win a prize, complete as many as you can!<\/p>\n\n\n\n

Good Luck!<\/p>\n\n\n\n

🐉🐉🐉🐉🐉<\/p>\n\n\n\n

Halfdan – Ydragon – NEVER DM YOU FIRST:<\/strong>
\nWe wanted to change a bit from the basic “airdrop” stuff we see\neverywhere that can be a bit redundant. We are very happy to see our community\nexcited for this first (of a long serie) giveaway\/contest.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Amazing prizes, let’s join Satoshiclubbers<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Don’t miss great opportunity Satoshi Club 🚀<\/p>\n\n\n\n

Thanks for your answers and clarification! Ready to proceed?😊<\/p>\n\n\n\n

Leon, YDragon CMO:<\/strong>
\nGo for it \ud83d\ude42<\/p>\n\n\n\n

Q3 from Telegram User @yellowchamp
<\/em> YDragon just announces collaboration with ICON Hyperconnect. So,why does your platform choose to collaborate ICON network? Can you describe your collaboration with them? What are the win-win benefits that you bring to each other\u2019s platform? Is this collaboration good for long term partnership? How will you consider partnership with them with suitability with each other? Thank you<\/strong><\/p>\n\n\n\n

Halfdan – Ydragon – NEVER DM YOU FIRST:<\/strong>
\nPartnering with ICON Hyperconnect was really a strategical decision for us.
\nMost of crypto investors are focus on the main blockchain (ETH, BSC, Polygon \u2026)\nand are missing out on many amazing projects out there.<\/p>\n\n\n\n

With YDragon, we want to\ngive you an easy access door to these amazing projects and that is why we are\npartnering with ICON. To setup in a futur an index on their chain.<\/p>\n\n\n\n

It will allow user to\ndiscover a brand new world within crypto and maybe fall in love with some\nprojects there.
\nWe plan to launch indexes in many (relevant) chains and we have other solid\npartnerships that we plan on announcing soon.<\/p>\n\n\n\n

It will also allow you to\nhave a better risk-exposure !<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nI love the way you think deeply about your business strategy. it is worthy of\nrespect👏👏👏<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
\nDo you have more partnerships at the moment?<\/p>\n\n\n\n

Leon, YDragon CMO:<\/strong>
\nWe’ve got quite a lot of partners to be announced in the coming weeks, but\nwhilst we’re completing those deals, we can’t state anything yet in this chat\n\ud83d\ude42 Look out for the end of the week though, we’ll be announcing more soon.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Any sneak peek to our community?😁<\/p>\n\n\n\n

Halfdan – Ydragon – NEVER DM YOU FIRST:<\/strong>
\nFor the current partners, we can tell you some names such as Magnus Capital,\nMarshland, Moonwolf or even Polygon who granted us a grant not long ago \ud83d\ude42<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Great names. Well, ready to proceed with the next question?<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
These are very famous and influential names👍<\/p>\n\n\n\n

Q4 from Telegram User @victorogb
<\/em> With the YDragon cross-chain and auto rebalancing features, investors are offered accessibility to a diversified portfolio accross multiple chains and automatic rebalancing to market fluctuations of assets in an index. However in crytocurency, assets vary widely in liquidity, capitalization, fees structure, associated blockchain tech and more. Therefore how does the YDragon smart contract effectively mitigate and provide the best opportunity to investors and ease the turbulent market fluctuations that come with index funds, and with your diversified multi-chain portfolio offerings, what DeFi niches would YDragon employ it\u2019s smart revenue generating protocol?<\/strong><\/p>\n\n\n\n

OCTAL:<\/strong>
Well there’s no absolute way of reducing market volatility and market turbulence – as we know, sometimes it seems that ANY assets one invests in, we all seem to follow bitcoin in some way. In any case, we have a unique way of mitigating risk that’s proper to crypto (other than diversification), and that is by offering passive income to investors by way of leveraging third party yield farming protocols. So if you happen to invest at “the top” or “during a bear market”, you can always be sure that at least you get something for parking your capital with us.<\/p>\n\n\n\n

Raiden – YDragon CEO:<\/strong>
\nThe act of \u2018investing\u2019 usually suggests holding a position in an asset for long\nperiods of time, years or sometimes decades. Because of crypto\u2019s relatively\nyoung lifespan of a few years, and because the average lifespan of a given\ncrypto project is roughly around a year, it\u2019s difficult to come up with a\nreliable decades-long strategy based on the available data. If I had to guess,\nthe most profitable strategy probably involves shifting funds around diligently\nfrom asset to asset, keeping a close eye on every project\u2019s development. But\nagain, one has to spend a lot of time and effort to maintain a healthy ROI –\nand this is exactly what YDragon aims to solve by leveraging smart contracts\nand a panel of experts to do it for you.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nThis is not a simple question. Thank you very much for your clear answer.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
\nExcellent answer, now please tell us about users security, have you done audits\nor hackathons to find the problems of the contracts and platforms?<\/p>\n\n\n\n

Leon, YDragon CMO:<\/strong>
\nOkay, so, we haven’t communicated it publicly yet, but we will share this information\nhere first. We are actually working with Certik to ensure the security of our\nproduct \ud83d\ude42<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Great news! Security first! Thanks for sharing😊👏<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Awesome, have you found some important problems?<\/p>\n\n\n\n

Leon, YDragon CMO:<\/strong>
\nThe audits are still ongoing, but so far we have received a set of\nrecommendations and best practices to work towards, but nothing major to worry\nabout.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
That’s the way, security first👍<\/p>\n\n\n\n

Well, is time to proceed with our 5th question.<\/p>\n\n\n\n

Q5 from Telegram User @DK177
<\/em> Your roadmap starts from the third quarter of this year and ends from the first quarter of the next year. Can a project be completed within a short time period of less than a year? Currently, new projects appear and vanish everyday. How do you assure YDragon has a long lifespan? Have you conducted any audits to assure the longevity of the project? There are not any activities regarding security and marketing in your roadmap. Did you only inclue the main targets? Further, don\u2019t you have long term milestones to achieve? Do you consider the YDragon project as completed with the developments of experimental indexes, index minting, auto compounding and yield optimization by the first quarter of 2022?<\/strong><\/p>\n\n\n\n

Raiden – YDragon CEO:<\/strong>
\nYDragon is set to launch around mid-August and we have just released our\nwhitepaper which highlights our roadmap in details, so I encourage you to have\na look on there but basically in a nutshell we have been making good progress\nin terms of development and being fully ready to launch the project on a strong\nnote. We have been keeping up with the roadmap and we expect to deliver on our\nroadmaps promises much sooner than anticipated.<\/p>\n\n\n\n

The index space in crypto\nis still very immature so by marketing it to the right audience and lowering\nthe barriers of entry in DeFi would make DeFi more accessible and simple for\nall investor classes. The potential for capturing a large part of the market is\nhigh and so you can expect us to be very active in development and taking the\nproject to new heights every day.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Yes, please share your roadmap😊<\/p>\n\n\n\n

OCTAL:<\/strong>
Yup those are just main targets. Of course marketing is a mut in this space, we need to let people know about our value propositions.<\/p>\n\n\n\n

And no, we do not\nconsider the project complete after we complete the roadmap layed out 🙂 This\nis meant to be an ongoing, continuous development type of project that grows as\nthe world of crypto grows. As there are more and more niches to invest in, more\nand more blockchains that grab people’s attention, YDragon will come out with\nnew and excriting indexes to invest in, in addition to new ways of offering\npassive income to investors<\/p>\n\n\n\n

Leon, YDragon CMO:<\/strong>
<\/p>\n\n\n\n

YDragon-Roadmap<\/a>Download<\/a><\/div>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
\nThanks for the answers guys, a lot of exciting events are coming for the\nproject😁<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
And it’s great that we are at the dawn of this industry! this is really Eldorado for those who came on time😁<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
\n💪💪<\/p>\n\n\n\n

OCTAL:<\/strong>
Still so early ;p<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Thanks for sharing👏<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
\nWould you like to add something before the next question?<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nLet’s proceed to the last question of this part😁<\/p>\n\n\n\n

Q6 from Telegram User @Cheriemike
<\/em> It is stated in your website that When one lock his or her funds in an index, we will be entitled to a passive income through smart revenue generation. We Don\u2019t need to worry our funds will be taken care of while we sit down and relax.Indeed it sounds nice,but I want to ask some questions With many different types of opportunities to earn passive income in DeFi,how will one track his portfolios?Does YDragon make use of portfolio trackers or aggregators which connect to various different protocols and wallets, allowing users to analyze and manage their portfolio from a single dashboard?Or aggregators like 1inch,Plasma.Finance etc that offers cross-chain integrations and multiple wallet connections helping users identify potential APY returns across pools?<\/strong><\/p>\n\n\n\n

OCTAL:<\/strong>
Ok so just one point of order here: investing in an index does not automaticaly grant you passive income. Passive income is achieved for the investor that is interested in it – what this means is that investors will have to stake their tokens on our portal and commit to a specific time frame during which they can get passive income<\/p>\n\n\n\n

Leon, YDragon CMO:<\/strong>
\nWe dont have portfolio tracking\/aggregation natively, but we are in discussions\nwith other projects that offer these tools, and we’re going to be integrating\nthese as soon as we can. So it’s our aim to provide users with as much\nvisibility as needed.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
So, what is the APY? Is it established?<\/p>\n\n\n\n

OCTAL:<\/strong>
No, the APY depends on many parameters that we simply don’t know right now. Variables that have something to do with the APY include: total value locked of the index, total value locked of the staking vaults, fees gathered by the protocol to be later redistributed to stakers, what kind of yield farming protocols we’ll be using in the backend and what THEIR APY’s are. We’ll be able to estimate the APY after launch, but right it is simply too early to promise anything<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
We understand, thank you so much for the clarification.<\/p>\n\n\n\n

And thanks for your clear answers guys, we have concluded the first part of the AMA. 6\/6 🥳<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
You took the most key points from the modern defi: such as cross-chain, yield bearing etc\u2026. This is a great claim for success.😉<\/p>\n\n\n\n

Part 2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n

Q1 from Telegram user @JaviSuBs<\/em>
Hello YDragon, how does an initial minting event work? when can a user buy shares in an index? In what time are these actions stimulated and what is the duration of a minting event? and what are the benefits it gives to the user? could you explain a little more to understand better !!! Thank you<\/strong><\/p>\n\n\n\n

Raiden – YDragon CEO:<\/strong>
You can have a read about index minting events here to learn more about the process<\/p>\n\n\n\n

http:\/\/ydragon-io.medium.com\/d6fcacb1ec6c<\/a><\/p>\n\n\n\n

Q2 from Telegram user @Rinkus987<\/em>
How did YDragon simplify the portfolio diversification process?<\/strong><\/p>\n\n\n\n

Leon, YDragon CMO:
<\/strong> We simplified this process by allowing users to own a larger portfolio of assets, represented by 1 token. You have to pay less fees, and make less transactions to own a larger portfolio.<\/p>\n\n\n\n

Q3 from Telegram user @victorogb<\/em>
How will YDragon look to increase the inclusion and adoption of YDR for your index assets, and how will this action help to improve it’s utility?<\/strong><\/p>\n\n\n\n

OCTAL:
<\/strong> YDR token will actually be part of every single index that we are going to be offering on YDragon – so essentially anyone that invests in indexes, will be indirectly investing in YDR. We also have other use cases coming up for the token, to make it the most robust utility token out there. Stay tuned!<\/p>\n\n\n\n

Q4 from Telegram user @victorogb<\/em>
How will YDragon look to increase the inclusion and adoption of $YDR for your index assets, and how will this action help to improve it’s utility?<\/strong><\/p>\n\n\n\n

Leon, YDragon CMO:
<\/strong> Every one of our indexes will include a portion of YDR. This will naturally increase the exposure of YDR to users and therefore generate further useage.<\/p>\n\n\n\n

Q5 from Telegram user @K2ice<\/em>
Which NFT options are you currently exploring?<\/strong>
We keep secrets here in Satoshi Club. <\/strong><\/p>\n\n\n\n

Halfdan – Ydragon – NEVER DM YOU FIRST:
<\/strong> Hahaha good question ! We are exploring some way to extend the Dragon universe and stimulate our community with some cool aspect of NFT\u2026 We are still brainstorming but it can be some NFT that gives you some bonus in our app or just some cool arts about Dragon 😉<\/p>\n\n\n\n

Q6 from Telegram user @Tahsinahmett<\/em>
What are the plans for YDragon to attract the community? What are Ydragon’s expectations from the community? Do you have a rewards program?<\/strong><\/p>\n\n\n\n

Raiden – YDragon CEO:
<\/strong> Staked YDR holders will be allowed to vote on new ideas to improve the YDragon ecosystem. They will be partially involved in voting in new projects into indexes or deciding on compositions for new indexes which includes choice of assets, weight of the assets in the index and possibly choosing which farming protocols to use for the passive revenue generation.<\/p>\n\n\n\n

Q7 from Telegram user @Smartling<\/em>
What forms of passive income available to users on the YDragon platform?<\/strong><\/p>\n\n\n\n

Halfdan – Ydragon – NEVER DM YOU FIRST:
<\/strong> The passive income will be based on the yield generated by the collateral. Farming can be time consuming but with YDragon, you won’t have to do anything, we will farm for you and reward you accordingly !<\/p>\n\n\n\n

Q8 from Telegram user @coinerman<\/em>
Users want to make a profit with Yield Farm in a Defi\/NFT Project. So what is the percentage of rewards the user will get from YDragon farming and is it advantageous over others?<\/strong><\/p>\n\n\n\n

OCTAL:
<\/strong> The core value of our project is eing able to diversify your investment – instead of investing haphazardly across many assets that you simply hear about from your friends or from crypto twitter or any other source that you like, you will be able to invest in a specific “mission” that the index has (representing a blockchain, a market sector, etc.) – and just forget about it. The farming aspect of it is a bonus and is basically there to reward long term holders of our index tokens and native token YDR. APY will vary wildly, but it will be there!<\/p>\n\n\n\n

Q9 from Telegram user @KhaleesiTheCryptoLady<\/em>
Could you please provide us with the link to YDRAGON white paper and team details?<\/strong><\/p>\n\n\n\n

Raiden – YDragon CEO:
<\/strong> You can find details regarding this on our website<\/p>\n\n\n\n

https:\/\/ydragon.io<\/a><\/p>\n\n\n\n

Q10 from Telegram user @DF3295<\/em>
Are the Indexes offered and designed by YDragon or can the community also make and propose their own?<\/strong><\/p>\n\n\n\n

Halfdan – Ydragon – NEVER DM YOU FIRST:
<\/strong> If you hold YDR, you might be able to vote and decide on the future index but yes. YDragon team will always do its research to make sure the projects are relevant and that it makes sense putting them in our index.<\/p>\n\n\n\n

Part 3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n

In the final part, we tested your knowledge in terms of YDragon. They\u2019ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
<\/strong>English Telegram group:\u00a0https:\/\/t.me\/Satoshi_club<\/a>
Russian Telegram group:\u00a0https:\/\/t.me\/satoshi_club_ru<\/a>
Spanish Telegram group:\u00a0https:\/\/t.me\/satoshi_club_spanish<\/a>
Telegram Channel:\u00a0https:\/\/t.me\/satoshi_club_channel<\/a>
Twitter:\u00a0https:\/\/twitter.com\/realsatoshiclub<\/a>
Website:\u00a0https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n

Our partners<\/strong>
YDragon Telegram community: https:\/\/t.me\/ydragonchat<\/a>
Twitter: https:\/\/twitter.com\/ydragons_<\/a>
Website: https:\/\/ydragon.io\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 YDragon and our guests were @Leonk19, @HalfdanYDR, @O_C_T_A_L, and @RaidenRed – representatives of YDragon. The AMA took place on 4th of August. The total reward pool was 500$ and has […]<\/p>\n","protected":false},"author":10,"featured_media":11035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/11230"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=11230"}],"version-history":[{"count":4,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/11230\/revisions"}],"predecessor-version":[{"id":11241,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/11230\/revisions\/11241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/11035"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=11230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=11230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=11230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}