We were delighted to welcome our guest from CAG3. The AMA took place on September 4th, 2021 and our guests were @bakreemah and @YHWH_is_King1 <\/p>\n\n\n\n
The total reward pool was 500$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n
Gold Rocket | Satoshi Club: <\/strong>Hello,\ndear Satoshi Club! We are pleased to announce AMA with CAG3!😊<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Today our guests are @bakreemah and @YHWH_is_King1<\/p>\n\n\n\n Andr\u00e9s\nM. | Satoshi Club: <\/strong>@YHWH_is_King1 and @bakreemah welcome to Satoshi\nClub, is a pleasure for us to be your host today 😃<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>Hi thank you, glad to be your guest today😊<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Hello and welcome to Satoshi Club, guys!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>How are you doing😊<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>Thank you Gold<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>Very fine, how about you and this wonderful\ncommunity?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>We are really excited about upcoming AMA😍<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Let’s start! Introduce yourself please. How\ndid you get to be involved in crypto & CAG3<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Tell us please about your position in CAG3<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>Thanks<\/p>\n\n\n\n Got into crypto in late 2016 through a friend who suggested it to be a\nform of payment for an online business we were involved in. With C4G3, I’ve\nknown the core team for some time and we’ve been brainstorming ideas on how to\nimprove the meme ecosystem and take it to another level.. After sharing a few\nideas and looking at the potential and what the future holds, I decided to be\npart of it.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Btw we would like to know more about your\nteam. Who is on the project team core?<\/p>\n\n\n\n Andr\u00e9s\nM. | Satoshi Club: <\/strong>What is the meaning of C4G3?<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>This is a breakdown of the current team and\nsome have already passed KYC<\/p>\n\n\n\n Core Team: 4 (Developments).<\/p>\n\n\n\n Volunteers: 3(PR, Marketing, etc).<\/p>\n\n\n\n Volunteers will be dissolved once everything is handed down to the\ncommunity, they may continue with helping the project if they wish.<\/p>\n\n\n\n @bakreemah who is here with me is part of the core team too<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>C4G3 is a meme spelling of the word CAGE<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for great introduction, we will have\nseveral questions selected for the Part 1. Ready to start?<\/p>\n\n\n\n Andr\u00e9s\nM. | Satoshi Club: <\/strong>Oh got it.<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>Ready………..❤️<\/p>\n\n\n\n Q1 from Telegram User @Billz120<\/em><\/strong><\/p>\n\n\n\n On C4G3 (TOKENOMICS)- I understand it stands quite\napart and goes against the grain of typical meme tokens. With a fixed supply\nand no transaction tax, C4G3 is not Deflationary.we are equally made to\nunderstand that C4G3 Token by design doesn\u2019t follow the current and common\ntrend. This is very interesting to hear. Could you please tell us enthusiasts\nwhat particular trend unique C4G3 applies in blockchain as the utility and\ngovernance token for a meme Index protocol that is an equally-weighted index\ntoken of top and tradable meme tokens?<\/em><\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>The team decided to make the C4G3 token a\nsimple ERC-20 token. Honestly speaking, that’s how normal ERC-20 tokens are\nmeant to be as composed by @feindura one of the Ethereum core Devs and\nVitalik.. Tokens with taxes have some downsides and we didn’t want to add that\nto the the set already available in the pool. C4G3 is a governance token,\ninitially governing the CMI and subsequent index pools in the future. It can\nalso be used to mint the CMI.. It’s the only irreplaceable token in the index\nand if any new index gets created, C4G3 will be an automatic addition. Thank\nyou<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>thanks a lot for the answers! please share\nyour tokenomics with Satoshi Clubbers<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>There you go https:\/\/docs.cag3.io\/tokenomics<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for sharing 😊<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Ready to proceed to the next question?<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>Ready..😄<\/p>\n\n\n\n Q2 from Telegram User @Emnking<\/em><\/strong><\/p>\n\n\n\n CAG3 as a community driven project have organized a\nCAG3 Shillers Volunteer platform where CAG3 will share certain responsibilities\nwith the community in order to enhance maximum community participation in an\norganized manner. Can you tell me the benefits one will get from being a CAG3\nShiller? What are the processes involved in being a Shiller volunteer? Is this\nthe same an ambassadorial program? What are the requirements for users who\u2019re\nwilling to be a part of this project?<\/em><\/p>\n\n\n\n Abu-Bakr:\n<\/strong>Hello Everyone!<\/p>\n\n\n\n Sorry am late! Got held up in a traffic.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Hi! Nice to e-meet you<\/p>\n\n\n\n Abu-Bakr:\n<\/strong>Thank you! Nice to e-meet you as well<\/p>\n\n\n\n Andr\u00e9s\nM. | Satoshi Club: <\/strong>Don’t worry, welcome to the AMA<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>The volunteer group can be considered as an\nambassador program even tho there are no certain terms or rewards spelt out but\nthe team will certainly reward active and volunteers who put in great efforts\nto help push the ecosystem forward. Currently the only requirements are your\ninterest in what we are building and if you have any skills..<\/p>\n\n\n\n Here’s a form every interested person can fill to get involved<\/p>\n\n\n\n https:\/\/forms.gle\/XrJTpodGmrHj7Lqt5<\/a><\/p>\n\n\n\n Andr\u00e9s\nM. | Satoshi Club: <\/strong>Are you planning more similar events?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Satoshi Clubbers 😊 please\npay attention<\/p>\n\n\n\n Abu-Bakr:\n<\/strong>First, this is an ongoing events but may be closed soon.<\/p>\n\n\n\n Secondly, Every member of our community can promote the project in there\nown possible ways, this is built for the community.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for clarifying ☺️<\/p>\n\n\n\n Andr\u00e9s\nM. | Satoshi Club: <\/strong>Great job, community is the pillar of each project<\/p>\n\n\n\n Abu-Bakr:\n<\/strong>Exactly!<\/p>\n\n\n\n Andr\u00e9s\nM. | Satoshi Club: <\/strong>Thanks for the answers, ready to go with the next\nquestion?<\/p>\n\n\n\n Abu-Bakr:\n<\/strong>Yep<\/p>\n\n\n\n Q3 from Telegram User @Asela1112<\/em><\/strong><\/p>\n\n\n\n You are going to launch CAG3 MASTERS (NFTs) on Phase\n04 of your Roadmap. CAG3 as a Meme Index platform, how will you bring this\nevent in to your ecosystem? Will you allow your index platforms (Meme tokens)\nto present their NFTs within CAG3 platform? How about the real world benifits\nof CAG3 MASTERS NFTs? Will your team only create NFTs or do you allow CAG3\ncommunity artists to create NFTs? And how about the NFT price evaluation, Do\nyou have a idea about that already?<\/em><\/p>\n\n\n\n Abu-Bakr:\n<\/strong>All things regarding the NFT as indicated on the roadmap are yet to be\nfinalized, since the entire NFT ecosystem is going through series of\ndevelopment, we will not make any decisions until we have been able to explore\nall options, this will determine the form which our NFT is going to take.<\/p>\n\n\n\n One thing is certain though, CAG3 MASTER NFT will not be a joke. \ud83d\ude42<\/p>\n\n\n\n Andr\u00e9s\nM. | Satoshi Club: <\/strong>Could share us the whole roadmap?<\/p>\n\n\n\n Abu-Bakr:\n<\/strong>An example of this is the fact that there are numbers of L2 upcoming\nprojects specifically designed for NFT ecosystem, we will want to benefit from\nthis, so as a result, we won\u2019t be making a final decision until we have been\nable to explore all alternatives that can greatly benefit CAG3.<\/p>\n\n\n\n Abu-Bakr:\n<\/strong>Sure, our roadmap can be found on cag3.io.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for sharing 🙂<\/p>\n\n\n\n Abu-Bakr:\n<\/strong>My pleasure!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Let’s proceed to the next question😁🚀<\/p>\n\n\n\n Abu-Bakr:\n<\/strong>Nice<\/p>\n\n\n\n Q4 from Telegram User @yellowchamp<\/em><\/strong><\/p>\n\n\n\n Many DeFi platforms like Uniswap, Yearn, Compound\namong others have made decentralization a guiding priority and you intend to\nfollow in those footsteps. You want to see a future where CAG3 finally becomes\na community-owned and run project with all proposals made and decisions voted\non or taken solely by the community. So,in what way that you will follow the\nfootsteps of those mentioned platform as decentralization is their guiding\npriority? As we know that those platforms mentioned were already established\ntheir name in the market,so as a meme token what is the greatest potential of\nCAG3 to be more decentralized and also be establish in the market in upcoming\ntime? If CAG3 will be a truly community-owned project,what will be the role of\nthe team behind CAG3? Thank you<\/em><\/p>\n\n\n\n Abu-Bakr:\n<\/strong>Doge, Shib, Kishu, they were all initiated by a single mind, however,\nthey became a community owned project all thanks to the efforts the community\ncontributed to the development of the project. Nevertheless, the\nteam\/developers didn’t abandoned the project, what they simply did was create a\nbig circle of working force or team, propelling the project even to a greater\nheight.<\/p>\n\n\n\n This is the footsteps we also plan to flow.<\/p>\n\n\n\n In other words, Currently, the\nmain function of the team is to ensure the project function as expected, gets\nthe exposure that is needed and guide new members willing to assist the team on\nhow things are done, nonetheless, the team will always sort after advices from\nthe community, seeking the best of opinions, once the project is fully matured,\nthen the community takes total control with the team serving as mere\nsupervisors.<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>Decentralization as we know and see it has no\npeak. You can see some flaws in the Uniswap governance platform over the past\nfew weeks but this is a new ground for cryptocurrency projects and we don’t\nexpect all things to be perfect but we believe releasing the project completely\ninto the community is the best way to make sure this project continues to\nthrive and a strong and vibrant community is the key. Some team members will\nstill be there to assist especially with development. C4G3 will tap into the\nsuccess of dear Doge and Shiba and that’s how we will establish ourselves.<\/p>\n\n\n\n Andr\u00e9s\nM. | Satoshi Club: <\/strong>Looking your roadmap, specially the phase 4,\nstaking. Could you tell us more about it? How high will be the APR?<\/p>\n\n\n\n Abu-Bakr:\n<\/strong>Again, at the moment, we can’t reveal much info on those as it depends on\nthe trend of the current development. So we won’t want to say a thing now and\nchange later. However, every information will be duely committed to the\ncommunity way before execution.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for your answers<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Ready for the next question?😊<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>Ready<\/p>\n\n\n\n Q5 from Telegram User @Ajpaa<\/em><\/strong><\/p>\n\n\n\n C4G3 is deployed on Ethereum blockchain with a\ndecentralized ERC-20 token that will be used to govern the C4G3 ecosystem. Considering\nEthereum high gas fee, why did you decide to use Ethereum protocol? What are\nyour plans to scale the high transaction fee? Do you have plans to integrate\nother blockchain with lower fees with faster transactions like BSC?<\/em><\/p>\n\n\n\n Abu-Bakr:\n<\/strong>The protocol on which the Index platform will be launched is at the\nmoment only on Ethereum chain. We understand how difficult it is for some to\nget along with eth fees, at this moment we are currently debating the best\nsolution to give easy access to out ecosystem, more on that info will be\ncommunicated once a decision has been made by the team.<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>Ethereum was chosen because that’s where the\nCMI is being developed. The fees have been quite outrageous and the team has\ntaken notice. Can’t give any info right now but the team will work on a good\nand favorable solution for our community.<\/p>\n\n\n\n Andr\u00e9s\nM. | Satoshi Club: <\/strong>Don’t you think high fees of the network could be a\nproblem to the liquidity?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>By the way, please remind us, where we can buy\nyour tokens?<\/p>\n\n\n\n Abu-Bakr:\n<\/strong>Well, every project on ETH chain sures value the longevity offer of the\nchain over short term barriers. And yes it could be for the main time, but once\nCAG3 has been marketed the way we are planning, it won’t be.<\/p>\n\n\n\n Samuel |\nWill Never PM you first|: <\/strong>Our tokens can be purchased here<\/p>\n\n\n\n Uniswap\n(https:\/\/app.uniswap.org\/#\/swap?outputCurrency=0xf2ef3551c1945a7218fc4ec0a75c9ecfdf012a4f)<\/p>\n\n\n\n SHIBASWAP (https:\/\/shibaswap.com\/#\/swap?inputCurrency=0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce&outputCurrency=0xf2ef3551c1945a7218fc4ec0a75c9ecfdf012a4f)<\/p>\n\n\n\n TOKPIE: https:\/\/tokpie.com\/view_exchange\/C4G3-WBTC\/<\/p>\n\n\n\n