{"id":12119,"date":"2021-09-07T15:54:16","date_gmt":"2021-09-07T12:54:16","guid":{"rendered":"https:\/\/esatoshi.club\/?p=12119"},"modified":"2021-09-07T15:56:42","modified_gmt":"2021-09-07T12:56:42","slug":"cyclos-x-satoshi-club-ama-recap-from-5th-of-september","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/09\/07\/cyclos-x-satoshi-club-ama-recap-from-5th-of-september\/","title":{"rendered":"Cyclos x Satoshi Club AMA Recap from 5th of September"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Hello,\nSatoshi clubbers! Another AMA took place in Satoshi Club and we would like to\nintroduce to you the AMA session with our friends from Cyclos and our guests\nwere @Danitoto @secretshardul. The AMA took place on 5 September<\/p>\n\n\n\n<p>The\nAMA session was divided into 3 parts with a total crypto reward pool of 500$ <\/p>\n\n\n\n<p>In\nthis AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n<h2><strong>Part\n1 \u2014 introduction and questions from the Telegram community<\/strong><\/h2>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Hello&nbsp;\nSatoshi Club! We are happy to announce our AMA session with Cyclos!&nbsp; Welcome to Satoshi Club&#x1f600;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Today our guests are @Danitoto @secretshardul<\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nThanks!<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Hello and welcome to Satoshi Club, guys<\/p>\n\n\n\n<p><strong>Daniel: <\/strong>glad\nto be here<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Welcome to Satoshi Club &#x1f44f;<\/p>\n\n\n\n<p>How&#8217;s going?&#x1f609;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Nice to e-meet you &#x1f60a;<\/p>\n\n\n\n<p><strong>Shardul | Cyclos (will not DM):<\/strong> Hello everyone &#x1f929;<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> So, let&#8217;s start &#x1f680;<\/p>\n\n\n\n<p>Welcome here &#x1f44d;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Nice to e-meet you at Satoshi Club&#x1f60a;<\/p>\n\n\n\n<p>Let&#8217;s start! Introduce\nyourself please. How did you get to be involved in crypto &amp; Cyclos<\/p>\n\n\n\n<p>Tell us please about\nyour position in&nbsp; Cyclos<\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nSure. Our team was founded in May 2021 when my co-founder (Shardul) and I were\nintroduced by a mutual acquaintance in the space. Shardul was going from\nhackathon to hackathon making very cool web3 apps and I was with Binance\nResearch at the time. We had an ongoing discussion between the two of us on\nwhere defi is heading and ways we could innovate the existing landscape.<\/p>\n\n\n\n<p>Personally, previous to\nCyclos, I spent two years with Binance Research. While I obviously can\u2019t get\ninto the specifics, our team handled project related matters. The knowledge I\ngained from those two years working with some of the best projects in the space\nis what I\u2019m applying to Cyclos.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Also, tell our community what is Cyclos and it&#8217;s\ngoals&#x1f603;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> you are very passionate about crypto guys &#x1f60d;<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Oh, i can only imagine which experience you got\nthere&#x1f603;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Give us a brief introduction to the project. What\nis the essence of Cyclos<\/p>\n\n\n\n<p><strong>Shardul | Cyclos (will not DM):<\/strong> Cyclos is a Uniswap v3 style concentrated liquidity\nmarket maker on Solana. Our unique proposition is that we make liquidity on Serum,\nbenefiting from ecosystem wide liquidity and order flow. In the case of\nUniswap, their liquidity is siloed<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> this is really a very unique solution&#x1f44f;<\/p>\n\n\n\n<p>Btw we would like to\nknow more about your team. Who is on the project team core?<\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nMyself and Shardul make up the project team core (we are the two founders). We\nhave 3 other team members at the moment- 2 other devs and 1 bd\/marketing\nperson. I explained a bit about our backgrounds above.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Is Serum your partner?<\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nSerum has assisted us along the way and we work closely with them<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Is your team anonymous? If so, do you plan to step\nout of the shadows one day? &#x1f609;<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Not so big team, but you make big things! And i\nbelieve you can do much more!<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> This is a great partner, you&#8217;re in luck.&#x1f60a;<\/p>\n\n\n\n<p><strong>Shardul | Cyclos (will not DM):<\/strong> Our team is public and fully transparent, you can\ncheck our names and pics<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Rare thing nowadays &#x1f603;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Thanks for your answer. this adds the user trust to\nthe project<\/p>\n\n\n\n<p><strong><em>Q1 from Telegram User @DK177 <\/em><\/strong><\/p>\n\n\n\n<p><strong>Your IDO is tomorrow! Congratulations. However, I\nfound this announcement while researching for this AMA. Hope I am not too late.\nCan I still apply to get whitelisted? What I can do to increase the chances of\nwinning a slot in the IDO? Please let me know the minimum and maximum USDC\namounts allocated for a single wallet. In case I miss your IDO, what is the\nnext event of your token sale?<\/strong><\/p>\n\n\n\n<p><strong>Shardul | Cyclos (will not DM):<\/strong> In case you miss the IDO, we have a second public\nsale event on Gate.io starting at 4AM UTC on September 9th. If you would like\nto insure you have a shot at participating in the IEO on Gate, pleae read this\nlink for more detailed instructions: <a href=\"https:\/\/www.gate.io\/en\/article\/22293\/?ch=en_sm_0921\">https:\/\/www.gate.io\/en\/article\/22293\/?ch=en_sm_0921<\/a>\n<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> But you will have one tomorrow? Is this right?<\/p>\n\n\n\n<p><strong>Shardul | Cyclos (will not DM):<\/strong> Yup, that&#8217;s the IDO<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Where will it take place?<\/p>\n\n\n\n<p><strong>Shardul | Cyclos (will not DM):<\/strong> IDO- Solanium<\/p>\n\n\n\n<p>ICO- Gate.io<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> How many people apply for whitelist for the first?&#x1f603;\nI know that Solana projects are on fire now<\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nwe&#8217;re not sure as that is information only available to Solanium<\/p>\n\n\n\n<p>but it&#8217;s near 100,000<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Sounds good<\/p>\n\n\n\n<p><strong>Shardul | Cyclos (will not DM):<\/strong> Well, we have 126,444 people following Cyclos on\nSolanium<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Crazy numbers &#x1f602;<\/p>\n\n\n\n<p><strong>Shardul | Cyclos (will not DM):<\/strong> <a href=\"https:\/\/www.solanium.io\/project\/cyclos\/\">https:\/\/www.solanium.io\/project\/cyclos\/<\/a>\n<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> It won&#8217;t be easy to buy&#x1f603;<\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nthat&#8217;s why we are doing a dual IEO\/IDO<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> But Satoshiclubbers still have chance to join\nGate.io ICO&#x1f603;<\/p>\n\n\n\n<p><strong><em>Q2 from Telegram user @Emnking <\/em><\/strong><\/p>\n\n\n\n<p><strong>Cyclos as a concentrated liquidity market maker is\nbuilt on Solana. How is Cyclos different from other liquidity makers on Solana\nlike Bonfida and Raydium. These platforms distribute liquidity by spreading\neach liquidity providers capital from the price of 0, similar to the same way\nUniswap v2 does. Is Cyclos different from these platforms and what are the ways\nCyclos try to be the best among competitors in this circle?<\/strong><\/p>\n\n\n\n<p><strong>Shardul | Cyclos (will not DM):<\/strong> The main differentiator is how Cyclos positions\nliquidity versus how Raydium and Bonfida position liquidity. To put it simply,\nas referenced in the question, Raydium and Bonfida distribute each LP\u2019s\nliquidity across a very thin price curve starting from 0 up toward infinity.\nThis means the actual amount of LP assets which are actively earning LP rewards\nis negligible. This is especially counterproductive for assets like stablecoins\nwhich tend to remain within very narrow price margins. With Cyclos, each LP\nchooses the price range at which they want their liquidity to be positioned,\nallowing for a much greater percentage of their liquidity to be utilized for\ntrading as the price moves within the LP\u2019s selected range. This option is\nsuperior not only for increasing the rewards LPs receive, but it also allows\ntraders to execute larger orders with less slippage.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Did someone ever try to implement such system?<\/p>\n\n\n\n<p><strong>Shardul | Cyclos (will not DM):<\/strong> Not yet. Even if someone does, we have the first\nmover advantage for concentrated liquidity<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Is your AMM working now?<\/p>\n\n\n\n<p><strong>Shardul | Cyclos (will not DM):<\/strong> Our swap is functional, and you can try it out now on <a href=\"https:\/\/app.cyclos.io.\">https:\/\/app.cyclos.io.<\/a> In the meanwhile we are getting the liquidity zone ready, and building cool features like price charts for traders<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> It&#8217;s cool, you will be first who i will try on\nSolana&#x1f603;<\/p>\n\n\n\n<p><strong><em>Q3 from Telegram user @Jmagsss<\/em><\/strong><\/p>\n\n\n\n<p><strong>Based on your documents, Cyclos allows liquidity\nproviders to select the exact price ranges at which their liquidity is active.\nWhat if there is an event of massive price fluctuations and volatility in the\nmarket and the current price of a token that time does not match any of the\nLiquidity Providers\u2019 desired price range, does that mean there won\u2019t be any\nliquidity available since all of the LP is inactive? Does Cyclos fills up the\ngap of any unwanted price range and provide liquidity itself?<\/strong><\/p>\n\n\n\n<p><strong>Shardul | Cyclos (will not DM):<\/strong> No, because<\/p>\n\n\n\n<p>a. We are providing\nliquidity on Serum\u2019s orderbooks, which have multiple sources of liquidity, or\n\u201cecosystem wide\u201d liquidity as it is called.<\/p>\n\n\n\n<p>b. even on uniswap v3,\nthe data has shown LPs position liquidity at multiple ranges to take advantage\nof price swings and profit.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> What are your users feedbacks? Are they feeling\ncomfortable with current system? Users usually vote with money, so, how about\nvolume on your platform?<\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nWell, we are working on new features as Shardul mentioned, for a better user\nexperience. I would say we have not been actively promoting the swap until\nrecently, because there were still minor tweaks being made. However, since\nearly on we&#8217;ve had a lot of traction despite the fact we made no effort to\nadvertise swap.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Got it! Sure after IDO\/ICO things will go faster!<\/p>\n\n\n\n<p>Thank you for your\nanswers! Ready to jump to the next question?<\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nyes please<\/p>\n\n\n\n<p><strong><em>Q4 from Telegram user @Josegamboac<\/em><\/strong><\/p>\n\n\n\n<p><strong>Cyclos has several mechanisms built into the utility\nthat allow token holders to benefit from platform development, similar to CAKE\nor QUICK. A portion of the trading fees and earnings from the platform are used\nto make buybacks on the open market and burn $ CYS. What are the built-in\nutility mechanisms that allow token holders to benefit? What are the\ncharacteristics of $ CYS? Real utility of the token within the Cyclos\necosystem?<\/strong><\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nI like the comparison to CAKE and QUICK. Imagine getting in on those projects\nthis early \ud83d\ude42 <\/p>\n\n\n\n<p>Anyway, the main\nutility is CYS token staking: Firstly, any user who uses our swap will be able\nto stake CYS tokens for swap fee discounts. This utility will be built in from\nthe start. Secondly, a portion of the swap fees will be used for open market\nbuyback of CYS tokens, which are distributed amongst stakers. <\/p>\n\n\n\n<p>Next, we will also\nconduct buy and burns:&nbsp; a portion of the\nplatform profits will be used for buy and burn of CYS tokens, to deflate\nsupply. <\/p>\n\n\n\n<p>CYS will also serve as\na liquidity mining incentive to help encourage users to come to our platform\nand stay for the discounts \/ rewards from holding the token. <\/p>\n\n\n\n<p>Finally, it will also\nbe used in our governance, when we launch it.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> When do you plan to implement governance? How it\nwill work?<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> good use case<\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nWe plan to implement it in December. We will release the details at a later\ndate.<\/p>\n\n\n\n<p><strong><em>Q5 from Telegram user @victorogb<\/em><\/strong><\/p>\n\n\n\n<p><strong>The Cyclos project is backed by a formidable group\nof investors, offering both technical and financial support. Even as project\ndevelopment quickens with an anticipated IDO in less than a day, how will\nCyclos effectively manage it\u2019s marketing, promotional and partnership\nobligations, what are your plans to attract viable investors and partners whose\nambitions align with your goals and solutions, and how best will you seek the\nsupport and corporation of your community, would you organise programs and\nevents that promote generate useful engagements and meaningful feedbacks?<\/strong><\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nThis is a multifaceted question. On the question of attracting investors, we\nhave already done so through our private sale, and believe we\u2019ve put together\nan exceptional group that is here to support the project for the long run. <\/p>\n\n\n\n<p>When it comes to\nmarketing, a big part of that push was bringing on influential opinion leaders\nin the space who are very selective with the projects they support, and chose\nto work with Cyclos because they recognize the game-changing potential of the\ncore product. I would say we\u2019ve ticked those boxes at this stage. <\/p>\n\n\n\n<p>Our focus is more so\nnow on building out a community of core supporters who want to grow with us as\nthe project gains traction, as well as foster a greater understanding among\nhodlers of how using our product can greatly benefit them, compared to other LP\nproducts. Part of this will include the launch of a multi-language based\ncontent campaign, as well as continued grassroots community building.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Can you disclose the names of your private\ninvestors?&#x1f603;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> are you planning any ambassador program?<\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nYou can read about them yourself here \ud83d\ude42 <\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/twitter.com\/cyclosfi\/status\/1427563694024577025\n<\/div><\/figure>\n\n\n\n<p>We will launch one in\nthe coming month.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> And yes, community is the key! Sure you will get\nmembers from Satoshi Club &#x1f600; and don&#8217;t forget to share your content\ncampaign with us! We have a lot of talented people here<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Wow! these are famous influential names&#x1f609;&#x1f44d;<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Familiar names, congratulations &#x1f38a;<\/p>\n\n\n\n<p><strong><em>Q6 from Telegram user&nbsp;&nbsp; @Jonahapagu<\/em><\/strong><\/p>\n\n\n\n<p><strong>&nbsp;It is stated\nthat Cyclos, has taken what it believes to be the world\u2019s most efficient limit\norder system and deployed it on Solana\u2026and Users can concentrate liquidity,\nwhile also constructing individual price curves of their choice, over which\ntheir assets are distributed\u2026.so how does this efficient limit order system\nwork, what are the features of the limit order system that makes Cyclos believe\nit is the world\u2019s most efficient limit order system, and how can users\nconstruct individual price curves of their choice using Cyclos.<\/strong><\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Partially covered i guess &#x1f600;<\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nTo be clear- concentrating liquidity by definition is constructing individual\nprice curves of their own choice. The system is quite simple. LPs select an\nasset pair and decide what price range they would like to place their liquidity\nalong. As long as the price of the base asset is within the range of their\nchoice, their liquidity will be actively utilized to make markets on Serum.\nEach LP\u2019s price curve is placed on top of one another, and rewards are\ndistributed according to ratio of each LP\u2019s holdings. <\/p>\n\n\n\n<p>When it comes to limit\norders, Cyclos can be utilized to execute range limit orders. However, Cyclos\nitself does not execute limit orders. Limit orders are a function of the\nunderlying orderbook, Serum, to which we are providing liquidity.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> That&#8217;s clear&#x1f603; and i want to ask you my\nfavourite question &#x1f602; is your platform safe? What about any audits?<\/p>\n\n\n\n<p><strong>Daniel:<\/strong>\nWe are working with the top auditor in the space- Halborn. Security is our top\npriority.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Great! Happy to hear!<\/p>\n\n\n\n<h2><strong>Part\n2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n<p><strong><em>Q1 from telegram username @doithay1617<\/em><\/strong><br> <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Hello&nbsp;\n@Danitoto @secretshardul<\/strong><\/p>\n\n\n\n<p><strong>What does Cyclos think about Hackathons? Has Cyclos\never participated or organized any Hackathon? And does Cyclos have a plan for a\nfuture hackathon?<\/strong><\/p>\n\n\n\n<p><strong>Daniel<\/strong>:\nWe started our project from a Solana Hackathon. In fact, we won several awards\nfrom it. We will also be hosting our own sponsored Hackathons to further\ndevelopment on the platform.<\/p>\n\n\n\n<p><strong><em>Q2 &nbsp;from telegram username <\/em><\/strong> <strong><em>@Kabirkapoor9<\/em><\/strong><br> <\/p>\n\n\n\n<p><strong>Hello @secretshardul<\/strong><\/p>\n\n\n\n<p><strong>Can we Expect Cyclos will consider deploying on\nother chains too in futurefor diversification purposes? What will be those?<\/strong><\/p>\n\n\n\n<p><strong>Daniel<\/strong>:\nGreat question! We will be launching on Solana, but definitely will not rule\nout launching on other chains in the future. For right now though, our focus is\non Solana.<\/p>\n\n\n\n<p><strong><em>Q3&nbsp; &nbsp;from telegram username <\/em><\/strong> <strong><em>@highpee<br> <\/em><\/strong><\/p>\n\n\n\n<p><strong>Hello &#x1f64b;&#x200d;&#x2642;&#xfe0f;<\/strong><\/p>\n\n\n\n<p><strong>Your protocol appears to be OVER-RELIANT on SERUM\nDEX. Why do you prefer to link Serum? What will happen if an unforseen event\nimpact Serum operation? Will Cyclos still be able to work effectively? <\/strong><\/p>\n\n\n\n<p><strong>@Danitoto <\/strong><\/p>\n\n\n\n<p><strong>@secretshardul<\/strong><\/p>\n\n\n\n<p><strong>Daniel: <\/strong>&nbsp;Raydium, Bonfida and others all rely on Serum.\nThat is the nature of integrating with a decentralized order book. As mentioned\nin the previous answer though, we are exploring a multi-chain future, which\nmeans building and launching our own dex solution on other chains.<\/p>\n\n\n\n<p><strong><em>Q4 &nbsp;from telegram username <\/em><\/strong> <strong><em>@shadnan3<br> <\/em><\/strong><\/p>\n\n\n\n<p><strong>is it global project or a local project? Can anyone\nuse your project anywhere without any restrictions? thank you sir.<\/strong><\/p>\n\n\n\n<p><strong>Daniel<\/strong>:\nAnyone can use our project from anywhere. It is a decentralized product and we\nwelcome all users.<\/p>\n\n\n\n<p><strong><em>Q5 &nbsp;from telegram username <\/em><\/strong> <strong><em>@Karry1999<\/em><\/strong><br> <\/p>\n\n\n\n<p><strong>I really&nbsp;\nliked your project name &#8220;CYCLOS&#8221;<\/strong><\/p>\n\n\n\n<p><strong>Will you tell us what does this name indicates and\nwhy you choose this name for the project ?<\/strong><\/p>\n\n\n\n<p><strong>Daniel<\/strong>:\nCyclos comes from the Ancient Greek word, k\u00faklos, meaning circle. We chose this\nname as it embodies the positive feedback loop the platform encourages by\ndelivering depth of trading volume. As more LPs contribute depth, over breadth,\nmore traders can execute bigger, more frequent trades. This, in turn, rewards\nthe LPs, who then have their liquidity automatically reinvested back into the\norder books (a feature unique to our platform). This virtuous cycle will\ntransform the quality of trading on Solana for all stakeholders involved at\neach point in the process by elevating what is possible in terms of both\ntrading volume and capital efficiency.<\/p>\n\n\n\n<p><strong><em>Q6 &nbsp;from telegram username <\/em><\/strong> <strong><em>@Shaa93<\/em><\/strong><br>  <\/p>\n\n\n\n<p><strong>Is Cyclos a combination of Uniswap+Solana+Serum?<\/strong><\/p>\n\n\n\n<p><strong>&nbsp;Daniel<\/strong>: At a basic level, yes it can be described that\nway.<\/p>\n\n\n\n<p><strong><em>Q7 &nbsp;from telegram username <\/em><\/strong><em><strong> @Kushal85127939<\/strong><\/em><br> <\/p>\n\n\n\n<p><strong>Hello @secretshardul @Danitoto<\/strong><\/p>\n\n\n\n<p><strong>How much you guys have allocated to Marketing like\nAirdrops etc of your total supply? Can we expect Airdrop of Cyclos token in\nnear future? If yes, please share eligible Criteria for same?<\/strong><\/p>\n\n\n\n<p><strong>Daniel<\/strong>:\nWe will not be doing a traditional airdrop, but we will launch liquidity mining\nincentives for people that use our platform. There is also always the\npossibility we reward early users of our swap \ud83d\ude42<\/p>\n\n\n\n<p><strong><em>Q8 &nbsp;from telegram username <\/em><\/strong> <em><strong>@messilolz<br>   <\/strong><\/em><\/p>\n\n\n\n<p><strong>Sol price is rising in a&nbsp; skyrocket way . Is it why you opt to choose\nlaunch your platform on Solana?<\/strong><\/p>\n\n\n\n<p><strong>Daniel<\/strong>:\nNo. We chose to build on Solana all the way back in April. The price of SOL was\na lot lower back then \ud83d\ude42 We chose Solana because it was the only chain that\nsupports a decentralized orderbook. It is high throughput and quick time to\nfinality. Perfect for our product.<\/p>\n\n\n\n<p><strong><em>Q9. &nbsp;from telegram username <\/em><\/strong> <strong><em>@shakil425<\/em><\/strong><br>    <\/p>\n\n\n\n<p><strong>Good day sir<\/strong><\/p>\n\n\n\n<p><strong>&#x1f17e;&#xfe0f;&#x1f17e;&#xfe0f;&#x1f17e;&#xfe0f;&#x1f17e;&#xfe0f;&#x1f17e;&#xfe0f;&#x1f17e;&#xfe0f;&#x1f17e;&#xfe0f;&#x1f17e;&#xfe0f;&#x1f17e;&#xfe0f;&#x1f17e;&#xfe0f;&#x1f17e;&#xfe0f;&#x1f17e;&#xfe0f;&#x1f17e;&#xfe0f;&#x1f17e;&#xfe0f;<\/strong><\/p>\n\n\n\n<p><strong>Are you planning to promote your project in\ncountries \/ regions where English is not good? Do you have a local community\nfor them to better understand your project &#x1f940;&#x1f940;<\/strong><\/p>\n\n\n\n<p><strong>Daniel<\/strong>:\nYes! We support multiple languages on our discord channel here: <a href=\"https:\/\/discord.gg\/gyaK56UreX\">https:\/\/discord.gg\/gyaK56UreX<\/a>&nbsp; <\/p>\n\n\n\n<p>We also have a Turkish\nlanguage group if that is what you are looking for here: <a href=\"https:\/\/t.me\/cyclosturkiye\">https:\/\/t.me\/cyclosturkiye<\/a> <\/p>\n\n\n\n<p>We will be launching a\nbounty campaign for speakers of other languages than English to translate our\nmaterial into tutorials and instructional videos for rewards.<\/p>\n\n\n\n<p><strong><em>Q10 &nbsp;from telegram username <\/em><\/strong> <strong><em>@Rod092317   <\/em><\/strong><\/p>\n\n\n\n<p><strong>Where can I receive the most up-to-date information?\nDo you have a community on Twitter, Telegram, or Discord? If so, could you\nplease provide the URL here, as there are many phony telegram\/twitter groups?<\/strong><\/p>\n\n\n\n<p><strong>Daniel<\/strong>:\nYes! Please join our Telegram group here: <\/p>\n\n\n\n<p><a href=\"https:\/\/t.me\/cyclosofficialchat\">https:\/\/t.me\/cyclosofficialchat<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/t.me\/cyclosofficial\">https:\/\/t.me\/cyclosofficial<\/a><\/p>\n\n\n\n<p>And follow us on\nTwitter here: <\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<a class=\"twitter-timeline\" data-width=\"640\" data-height=\"960\" data-dnt=\"true\" href=\"https:\/\/twitter.com\/cyclosfi?ref_src=twsrc%5Etfw\">Tweets by cyclosfi<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>That way you can be the\nfirst to hear about all the latest updates.<\/p>\n\n\n\n<h2><strong>Part 3 \u2013 Quiz Results<\/strong><strong><em><\/em><\/strong><\/h2>\n\n\n\n<p>As usual, for the third\npart, Satoshi Club Team asked the chat 4 questions about the crypto project. A\nlink to a Quiz form was sent into the chat.<\/p>\n\n\n\n<p><strong>For\nmore information and future AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n<p>English Telegram group: <a href=\"https:\/\/t.me\/Satoshi_club\/\">https:\/\/t.me\/Satoshi_club\/<\/a> <\/p>\n\n\n\n<p>Russian Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_ru\/\">https:\/\/t.me\/satoshi_club_ru\/<\/a> <\/p>\n\n\n\n<p>Spanish Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_spanish\/\">https:\/\/t.me\/satoshi_club_spanish\/<\/a> <\/p>\n\n\n\n<p>Chinese Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_cn\/\">https:\/\/t.me\/satoshi_club_cn\/<\/a> <\/p>\n\n\n\n<p>Indonesian Telegram\ngroup: <a href=\"https:\/\/t.me\/satoshi_club_indonesia\/\">https:\/\/t.me\/satoshi_club_indonesia\/<\/a> <\/p>\n\n\n\n<p>Telegram Channel: <a href=\"https:\/\/t.me\/satoshi_club_channel\/\">https:\/\/t.me\/satoshi_club_channel\/<\/a> <\/p>\n\n\n\n<p>Twitter: <a href=\"https:\/\/twitter.com\/realsatoshiclub\/\">https:\/\/twitter.com\/realsatoshiclub\/<\/a> <\/p>\n\n\n\n<p>Website: <a href=\"https:\/\/esatoshi.club\/\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p><strong>Our\npartners:<\/strong><\/p>\n\n\n\n<p>Telegram: <a href=\"https:\/\/t.me\/cyclosofficialchat\">https:\/\/t.me\/cyclosofficialchat<\/a>\n<\/p>\n\n\n\n<p>Twitter: <a href=\"https:\/\/twitter.com\/cyclosfi\">https:\/\/twitter.com\/cyclosfi<\/a>\n&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 Cyclos and our guests were @Danitoto @secretshardul. The AMA took place on 5 September The AMA session was divided into 3 parts with a total crypto reward pool of 500$ [&hellip;]<\/p>\n","protected":false},"author":66,"featured_media":11951,"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\/12119"}],"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\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=12119"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/12119\/revisions"}],"predecessor-version":[{"id":12125,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/12119\/revisions\/12125"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/11951"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=12119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=12119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=12119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}