{"id":11904,"date":"2021-09-02T04:15:14","date_gmt":"2021-09-02T01:15:14","guid":{"rendered":"https:\/\/esatoshi.club\/?p=11904"},"modified":"2021-09-02T04:32:15","modified_gmt":"2021-09-02T01:32:15","slug":"tfs-token-x-satoshi-club-ama-recap-from-30th-of-august","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/09\/02\/tfs-token-x-satoshi-club-ama-recap-from-30th-of-august\/","title":{"rendered":"TFS Token x Satoshi Club AMA Recap from 30th of August"},"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 TFS Token<\/a>, a new\ndigital currency that will serve as a standard payment method at Fairspin\nonline casino. The AMA took\nplace on August 30 and our guests was Alex A., Chief Business Officer at Trueplay.<\/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

Gold\nRocket | Satoshi Club:<\/strong> Hello, dear Satoshi Club! We are pleased to\nannounce AMA with TFS. Today our guest is @bakeralex.<\/p>\n\n\n\n

Alex A: <\/strong>Hey hey, it’s\nnice to e-meet all of you!<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Hello and welcome to Satoshi Club, @bakeralex!\nHow are you doing? We are really excited about upcoming AMA.<\/p>\n\n\n\n

Alex A: <\/strong>Doing\ngreat! How are you? Can’t wait to start it!<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>let’s start with a little intro. How did you\nget to be involved in crypto & TFS? Tell us please about your position in\nTFS? What is the essence of TFS?<\/p>\n\n\n\n

Alex A: <\/strong>sure! My\nname is Alex, I am a Chief Business Officer at Trueplay (https:\/\/trueplay.io\/<\/a> ) <\/p>\n\n\n\n

Trueplay platform provides painless blockchain integration for, online\nbusinesses that value transparency. <\/p>\n\n\n\n

Well, basically, we are building the bridge between your, business\nand crypto world. Thus, TFS token became our first client on its way to\ntokenization.<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>How long does it take to develop a project?\nWhat plans do you have for the future? And what can we expect from TFS?<\/p>\n\n\n\n

Alex A: <\/strong>TFS is a\ntoken of the first blockchain casino. And there is no other casino that has\never offered playing classic games and check all the stats in blockchain.<\/strong><\/p>\n\n\n\n

Andr\u00e9s M.<\/strong> | Satoshi Club: <\/strong>Alex, what is the\nmeaning of TFS?<\/p>\n\n\n\n

Alex A: <\/strong>Well,\npretty simple to understand – Token Fairspin (TFS)<\/p>\n\n\n\n

Andr\u00e9s M.<\/strong> | Satoshi Club: <\/strong>Oh amazing, what kind\nof games do you have on your platform? Roulette, blackjack?<\/p>\n\n\n\n

Alex A: <\/strong>Fairspin\nteam has a huuuge amount of games from top-notch game providers as well as\nblockchain games.<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Btw. We would like to get to know your team\nbetter. who is at the core of the project?<\/p>\n\n\n\n

Alex A: <\/strong>good\nquestion! Our leadership team consists of 5 people, such as CEO, CFO, CTO, CMO,\nand CBO. All of us are hand-picked experts with over 5 years of experience and\nhave a solid background in both trading & blockchain industry as well as a\nproven track record from previous projects. and all of us mined at least 1\nbitcoin back to 2013-2014.<\/p>\n\n\n\n

Q1 from\nTelegram User @Asela1112<\/strong><\/p>\n\n\n\n

By the combination\nof FairSpin & TruePlay platforms, you intend to tokenize FairSpin loyalty\nprogram & introduce a $TFS as your own native Currency. What kind of\ncollaboration does FairSpin have with TruePlay? Are both of FairSpin &\nTrueplay Co-heirs of $TFS token? As you mentioned FairSpin owns a 300,000\nregistered users and a pool of 13,000 of active players monthly. So what is the\nsudden cause of entering to the Blockchain field as the next step of FairSpin?\nThrough your entry to the Blockchain network, what kind of utmost opportunities\nwill FairSpin users possess in future? Can you point out some directions that\nyou hope to lead FairSpin & $TFS along with TruePlay platform in blockchain\nfield?<\/em><\/p>\n\n\n\n

Alex A: <\/strong>What kind\nof collaboration does FairSpin have with TruePlay?  As I’ve mentioned, Trueplay is a painless\ntokenizer for any kind of online business. In TFS collaboration, TruePlay plays\na role of a technical partner and does all the technical and blockchain-related\nwork.<\/p>\n\n\n\n

Are both of FairSpin & Trueplay Co-heirs of $TFS token? TFS\ntoken is issued using Trueplay platform and it belongs to Fairspin. Trueplay\nprovides a tech solution to integrate this token into existing Fairspin gaming\nexperience.<\/p>\n\n\n\n

As you mentioned FairSpin owns a 300,000 registered users and a\npool of 13,000 of active players monthly. So what is the sudden cause of\nentering to the Blockchain field as the next step of FairSpin?<\/p>\n\n\n\n

Through your entry to the Blockchain network, what kind of utmost\nopportunities will FairSpin users possess in future?<\/p>\n\n\n\n

TFS is a digital asset (https:\/\/t.me\/tfstoken_group) that will be\nused as a payment method within the world’s first blockchain casino – Fairspin.\nTo this day there’s no other casino on the market that offers the same level of\ntransparency, security, and accessibility to user playtime statistics as\nFairspin. All of this is made possible solely through Trueplay and its technology\nthat makes this process swift and seamless. <\/p>\n\n\n\n

The introduction of the TFS token opens new boundaries in front of\nus to reward and motivate players to spend more time playing at Fairspin\nthrough “Play to Earn” and “Hold to Earn” programs.\nAdditionally, TFS token isn’t limited to casino borders and can be traded on\nexternal crypto exchanges with ease.<\/p>\n\n\n\n

Can you point out some directions that you hope to lead FairSpin\n& $TFS along with TruePlay platform in blockchain field?<\/p>\n\n\n\n

That’s a great question! In fact, this is exactly what “Hold to Earn” program aims at. Through this program, Fairspin will share a part of its monthly revenue with users that prefer to stake TFS tokens for profit. Besides that, every user can be assured that he will be paid every penny as every transaction, payment or bets will be published in blockchain.<\/p>\n\n\n\n

@GoldRocket27 great questions, btw.<\/p>\n\n\n\n

Andr\u00e9s M.<\/strong> | Satoshi Club: <\/strong>Thanks for your\ndetailed answers, btw could you share us your tokenomics? How is the total\namount of tokens distribution?<\/p>\n\n\n\n

Alex A: <\/strong>Yup, you\ncan find the detailed tokenomics explanation here<\/p>\n\n\n\n

https:\/\/tfstoken.medium.com\/?p=a3006c5be88c<\/a><\/p>\n\n\n\n

Q2 from\nTelegram User @victorogb<\/strong><\/p>\n\n\n\n

A\nbreakdown of the token allocation for TFS operational functions shows that;\nStaking Programme Rewards, Pools set up and Payment Operations, accounts for\n25%, 16.67%, and 8.33% respectively. However, these are broad overviews and\ndon\u2019t clearly state in details how each allocation will be further utilised.\nCan you kindly elaborate on how these token allocations would cover specific\nfunctions of development, promotions & expansions as well as community and\nsecurity operations? Also, with these tokens fully unlocked and amounting to\nhalf of total supply, how would your account for the remaining 50%, are they\nburnt or bought back?<\/em><\/p>\n\n\n\n

Alex A: <\/strong>As a Trueplay\nmember, I’m quite limited in what I am allowed to share before TFS token sale\nstarts.<\/p>\n\n\n\n

You can expect a few AMA sessions and new articles with fresh\ndetails revealing the detailed tokenomics and rules for burning\/buy back\nprocess.<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>when possible please do not forget to share\nwith Satoshi Clubbers.<\/p>\n\n\n\n

Alex A: <\/strong>Will do!\nTFS team is working sooo hard and already launched TFSbeta for its users.<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club:<\/strong> Please tell us a bit about your roadmap. I\nthink there are very interesting moments. how do you select beta testers?<\/p>\n\n\n\n

Alex A: <\/strong>Okay,\nseems like I should give you at least one small insight here) Beta users were\npicked up randomly, but up to the end of the week Fairspin team will roll out\nTFSbeta to all the users! It hasn’t been announced yet.<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club:<\/strong> this is our secret and another 91k\nparticipants.<\/p>\n\n\n\n

Alex A:<\/strong> stay\ntuned with the updates and make sure you follow https:\/\/t.me\/tfstoken_group<\/a><\/p>\n\n\n\n

Q3 from\nTelegram User @KathDM<\/strong><\/p>\n\n\n\n

Fairspin\nis an international online platform with a user pool of over 300,000 users\nworldwide. Since Fairspin is an international platform \u2026 Are there some\ncountries with restrictions to register on the platform? We know that in some\npre-sale of tokens or even in some exchanges there are certain countries that\nare not supported by the platform. Is something similar happening on the\nFairspin platform? Is it a requirement to do KYC in order to register on the\nplatform?<\/em><\/p>\n\n\n\n

Alex A:<\/strong> Good\nquestions! As Fairspin gaming platforms holds Curacao e-gaming license, there\nis a list of restricted areas where Fairspin can’t operate:<\/p>\n\n\n\n

Aruba, Australia, Belgium, Bonaire, Bulgaria, Colombia, Croatia,\nCuracao, Czech Republic, Democratic People’s Republic of Korea (DPRK), Denmark,\nEstonia, France, Georgia, Germany, Islamic Republic of Iran, Italy, Latvia,\nLithuania, Mexico, Portugal, Romania, Singapore, Spain, St. Maarten, Sweden,\nSwitzerland, the Netherlands, the United Kingdom, the United States of America\nand Ukraine. The same countries won’t be allowed to participate in TFS token\nsale, no KYC is required to register on the platform.<\/p>\n\n\n\n

Gold Rocket\n| Satoshi Club:<\/strong> by the way, where are you from. My country is on this list.<\/p>\n\n\n\n

Alex A: <\/strong>Trueplay\ncompany is registered in Belize, the tech and marketing teams are located in\nthe almost best place to work and live \u2013 Dubai.<\/p>\n\n\n\n

Andr\u00e9s M.<\/strong> | Satoshi Club: <\/strong>Do you have different\nlocal communities on telegram?<\/p>\n\n\n\n

Alex A: <\/strong>not at the\nmoment, the whole team is focused on launching new features for our users <\/p>\n\n\n\n

everybody can join TFS Eng. speaking community https:\/\/t.me\/tfstoken_group<\/a> <\/p>\n\n\n\n

Q4 from\nTelegram User @Jonahapagu<\/strong><\/p>\n\n\n\n

TFS is\nsaid to be a deflationary token with a regular buyback and a limited total\nsupply. So what are the other details of the deflationary component of TFS, at\nwhat rate will the buybacks be done, and will buyback be the only deflationary\ncomponent in TFS. Apart from being deflationary, in what other ways will you\nensure that there is stable circulation and demand for TFS to give it a healthy\nmarket price and performance.<\/em><\/p>\n\n\n\n

Alex A: <\/strong>Well,\nfirst of all, Fairspin will share a part of its monthly revenue with users that\nprefer to hold TFS tokens for profit, up to 100% emission of Hold to Earn and\nPlay to Earn will be allocated to support healthy market price.<\/p>\n\n\n\n

Andr\u00e9s M.<\/strong> | Satoshi Club: <\/strong>Is there any other\nbenefit for long term holders?<\/p>\n\n\n\n

Alex A: <\/strong>Long term\nholders will benefit from holding TFS since Fairspin will provide its holders\nwith more XXX profit. Meanwhile, sharing its monthly revenue with users who\nhold.<\/p>\n\n\n\n

Q5 from\nTelegram User @andrey_seleznov<\/strong><\/p>\n\n\n\n

Hi, TFS<\/em><\/p>\n\n\n\n

Thanks to\nyour great medium channel, I read that TFSBeta token & Tokenized cash back\nis now available for a limited number of players. Could you please tell us more\ndetails about this initiative? How did you select these limited players\neligible for cashback? How do you make sure other players do not feel bad for\nnot being selected and missing out on the cashback offer? And finally, can\nSatoshi Clubbers join this program now that we learned about the TFS platform\nor is it too late already? Thank you!<\/em><\/p>\n\n\n\n

Alex A: <\/strong>Answered\nabove already, 5k users were selected randomly to test TFSbeta experience, this\nweek TFSbeta will be rolled out to all of Fairspin users. And finally, can\nSatoshi Clubbers join this program now that we learned about the TFS platform\nor is it too late already?<\/p>\n\n\n\n

 Well, let’s do this! Join https:\/\/t.me\/tfstoken_group<\/a>  and ask admin to provide you with the access\nto TFSbeta and you’ll be shortlisted immediately.<\/p>\n\n\n\n

folks, to get shortlisted for TFSbeta, make sure you’re subscribed to both Satoshi Club and TFS token TG channels. https:\/\/t.me\/tfstoken_group<\/a> <\/p>\n\n\n\n

Q6 from\nTelegram User @Highpee<\/strong><\/p>\n\n\n\n

Am\nparticularly interested in your special feature which you call \u201cHold to Earn\u201d.\nYou said by holding a fixed amount of your token, users will be able to earn\npart of your monthly revenue as profit. How much should I hold in order to earn\nand for how long should the amount of token be held? Are these token meant to\nbe stake on your platform to qualify for profit commission or will you be able\nto monitor the amount of token held in individual wallet in order to determine\nthe quantity of profit commission they are to receive? Also will the revenue\nsharing be provided in the forms of product discount or cashback or will it be\nthe distributed as $TFS directly to user\u2019s wallet?<\/em><\/p>\n\n\n\n

Alex A: <\/strong>How much\nshould I hold in order to earn and for how long should the amount of token be\nheld?<\/p>\n\n\n\n

There will be a list of “Hold to Earn” programs with\nseveral options (time and min TFS amount to hold). TFS will keep everybody\nposted and announce Hold to Earn programs soon.<\/p>\n\n\n\n

Are these token meant to be stake on your platform to qualify for\nprofit commission or will you be able to monitor the amount of token held in\nindividual wallet in order to determine the quantity of profit commission they\nare to receive?<\/p>\n\n\n\n

Those tokens are meant to be staked in “Hold and Earn”\nprogram, users will be getting profits (% from casino revenue) directly to\ntheir wallet balance.<\/p>\n\n\n\n

Also will the revenue sharing be provided in the forms of product\ndiscount or cashback or will it be the distributed as $TFS directly to user\u2019s\nwallet?<\/p>\n\n\n\n

There will be a set of holding (staking) programs available for\nall the users. All the TFSbeta users are already eligible to take part in\nholding (staking) programs.  You see,\nwhile play-to-earn is a tokenized form of cashback, hold-to-earn is about\nsharing casino\u2019s income with its players. No casinos have ever offer anything\nlike that.<\/p>\n\n\n\n

Andr\u00e9s M.<\/strong> | Satoshi Club: <\/strong>I think our community\nis so excited as we are, so please tell us where and how to buy the token?<\/p>\n\n\n\n

Alex A: <\/strong>You may\npurchase the TFS tokens at the upcoming token sale, join the Wait list at http:\/\/tfstoken.com<\/a>  and stay tuned!<\/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 guest chose some of\nthem.<\/p>\n\n\n\n

Q1 from\nTelegram user @Nensam<\/strong><\/p>\n\n\n\n

As we wait\nand anticipate the launch of this token, how do you keep the entire community\nengaged in the values and offers of this project? Do you have ambassadors\u2019\/ referral\nprograms, contests, quiz, meme competition going on or you have plans for them?<\/em><\/p>\n\n\n\n

Alex A: <\/strong>There are 2 rounds of activities. First, Fairspin as a casino offers several bonus programs, including instant cashback in its TFS tokens.<\/p>\n\n\n\n

Second, TFS launches bounty programs and giveaways. You just have\nto be a member of the TFS group and follow the news (especially pinned posts)<\/p>\n\n\n\n

Q2 from\nTelegram user @lunaa_miracle<\/strong><\/p>\n\n\n\n

Is it\npossible for token holders to participate in the project’s governance? What\nkind of project-related decisions may people vote on? <\/em><\/p>\n\n\n\n

Alex A: <\/strong>as the TFS\ntoken (https:\/\/t.me\/tfstoken_group) has been designed specifically for\nFairspin’s loyal userbase. Fairspin team will continue to roll out new features\npost token launch to a limited group of users and if a certain feature is\naccepted by them Fairspin will roll it out to the wider public. B<\/p>\n\n\n\n

by the way, TFSbeta and “Play to Earn” are the results\nof such a process<\/p>\n\n\n\n

Q3 from\nTelegram user @nitrogenpower<\/strong><\/p>\n\n\n\n

I want to\ninvest right now before it is too late so can you please show me where can I\nbuy your tokens?<\/em><\/p>\n\n\n\n

Alex A: <\/strong>You can\njoin the wait list at http:\/\/tfstoken.com\/<\/a> ,\nif you are a representative of a big investment fund and want to participate in\nprivate sale – feel free to contact us directly.<\/p>\n\n\n\n

promotions@tfstoken.com<\/a>\n<\/p>\n\n\n\n

Q4 from\nTelegram user @mobilejii<\/strong><\/p>\n\n\n\n

What is\nthe TFStoken strength and achievements till now? Do you support community\nfeedback and suggestions?<\/em><\/p>\n\n\n\n

Alex A: <\/strong>So far, TFS is the first token of a blockchain casino that is to share its income with players through a Hold 2 Earn program. Players will have the same gaming experience but at the same time will be able to earn more tokens within the Fairspin platforms. After the token sale, TFS token will be listed on DEX.<\/p>\n\n\n\n

Now, TFSbeta is available in beta for a limited number of users –\nthe Fairspin team did that to test it out, gather the feedback and launch even\na better product. So yes, both Trueplay and Fairspin teams listen to their\ncommunities.<\/p>\n\n\n\n

Q5 from\nTelegram user @ronaldo_super<\/strong><\/p>\n\n\n\n

What kind\nof blockchain games do you have and how do you provide high speed for gamers?<\/em><\/p>\n\n\n\n

Alex A: <\/strong>Last one,\ngood one, now the blockchain is integrated into casino logic, so every\nbet\/win\/withdrawal is published to the blockchain so users can make sure no\nshady schemes on the background happen. As a deeper dive, (catch the insight)\nFairspin will get blockchain-based games powered by Trueplay team!<\/p>\n\n\n\n

Q6 from\nTelegram user @highpee<\/strong><\/p>\n\n\n\n

Can you\nprovide an insight into the COLLABORATIVE AGREEMENT between Trueplay and\nFairplay Spin? Which team will be directly controlling the project as it\nstands? For how long are the two founding projects expected to work together?\nHow will you be able to ensure smooth business running as well as prevent\nconflict of interest?<\/em><\/p>\n\n\n\n

Alex A: <\/strong>Can you\nprovide an insight into the COLLABORATIVE AGREEMENT between Trueplay and\nFairplay Spin? Which team will be directly controlling the project as it\nstands? For how long are the two founding projects expected to work together?\nHow will you be able to ensure smooth business running as well as prevent\nconflict of interest?<\/p>\n\n\n\n

Trueplay team provides technical support for tokenizing Fairspin platform. The Fairspin team is the direct owner of TFS token. Trueplay team plans to support Fairpsin team as long as TFS token exists. <\/p>\n\n\n\n

There’s not room for conflict of interest since Trueplay is just a\npainless tokenizer for Fairspin<\/p>\n\n\n\n

Q7 from\nTelegram user @DK177<\/strong><\/p>\n\n\n\n

I am a\nFairspin player who used to make deposits with TRON. What makes me to choose\n$TFS when it becomes available as a payment option? Do you offer special discounts\nor privileges if we choose your token? Thank you.<\/em><\/p>\n\n\n\n

Alex A: <\/strong>oh, great\nto see Fairspin players here!<\/p>\n\n\n\n

First of all, players will be able to make deposits in different fiat a crypto currency. And yes, TFS token is another token you can use for deposits. <\/p>\n\n\n\n

But TFS is the token you get for playing games at Fairspin (as a\ncashback for every bet) and TFS is the only token for the \u2018Hold to earn\u2019\nprogram. <\/p>\n\n\n\n

\u2018Hold to earn\u2019 program means you can choose some number of tokens\nand hold it for a fixed period – and get more tokens in return for holding.\nThis amount will depend on the casino\u2019s income, on the number of participants\nin the program, and on the holding period.<\/p>\n\n\n\n

Q8 from\nTelegram user @nadee5<\/strong><\/p>\n\n\n\n

There are so many NFT type games and NFTs are really popular aspect now.<\/em> Do you have any idea to introduce NFTs?<\/em><\/p>\n\n\n\n

Alex A: <\/strong>yeah,\nthat’s been a long long story since 2018:)<\/p>\n\n\n\n

The story began in 2018 when Trueplay has started development of\nthe tools that made business tokenization possible. We saw a great deal of\npotential in this and viewed blockchain as a solution to our need for\ntransparency before both players & regulators. <\/p>\n\n\n\n

Trueplay’s blockchain solution proves that any business can be\ntokenized and become safe, secure, and transparent at the same time. This will\ninevitably help us attract a new audience worldwide eventually as overall\ninterest in blockchain gets momentum.<\/p>\n\n\n\n

Q9 from\nTelegram user @KhaleesiTheCryptoLady<\/strong><\/p>\n\n\n\n

What are\nthe benefits in joining the waiting list? What opportunities it brings to the\nusers in the future?<\/em><\/p>\n\n\n\n

Alex A: <\/strong>TFS token\nsale will be launched in a few rounds. The earlier you get in; the better price\nyou get to buy tokens. <\/p>\n\n\n\n

Later, the token is expected to grow in its price as it will be\nlisted on DEXs and the circulation will be supported by Fairspin players.<\/p>\n\n\n\n

Q10 from\nTelegram user @Gemshunter22<\/strong><\/p>\n\n\n\n

Do you\nhave any rewards for beta tester who reports bugs? any bug bounty programme available?<\/em><\/p>\n\n\n\n

Alex A: <\/strong>Wow,\nthat\u2019s a nice idea! we can launch one for sure, why not.<\/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 TFS. A link to a Quiz form was sent\ninto the chat. Participants had 10 minutes to answer. 300$ were distributed\nbetween the winners. <\/p>\n\n\n\n

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