Gold\nRocket | Satoshi Club: <\/strong>Hello again, dear Satoshi Club community! We\nare pleased to announce AMA with Monsoon<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Today our guest is @JohnMonsoon<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>@JohnMonsoon welcome\nto satoshi Club 😁<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Hi everyone, thank you for having me \ud83d\ude42<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Nice to e-meet you<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>We are Happy to have\nyou here John!<\/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 & Monsoon<\/p>\n\n\n\n Tell us please about your position in \nMonsoon<\/p>\n\n\n\n John |\nMonsoon Finance:<\/strong>My name is John and I am the lead developer of\nMonsoon. I have been involved in the crypto space since 2015 when I first began\ninvesting, and I began building on Ethereum in 2017. I have helped build open\nsource DeFi projects in the past.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Great background 👍<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Give us a brief introduction to the project.\nWhat is the essence of Monsoon<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Monsoon Finance is a multi-chain privacy protocol.\nWe are building a suite of privacy tools that can be used by every DeFi user of\nevery smart contracts blockchain.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>When cryptocurrencies are inevitably used as forms\nof payment for every day goods and services, privacy is paramount, otherwise\nanybody you pay can instantly know your net worth.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Monsoon aims to solve that problem with a\nwallet-to-wallet privacy tool, a multi-chain privacy bridge, and a multi-chain\nprivacy DEX.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>really the mass adoption brings both more\nopportunities and new tasks for the creators<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Very true<\/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?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>what can we expect from Monsoon<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>We want to bring privacy to every smart contracts\nblockchain that can support it. This includes Polygon, BSC, Avalanche, Moonbeam,\nAcala, Cardano, Solana, Near Protocol, etc.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Also we would like to know more about your\nteam. Who is on the project team core?<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>We have already deployed an instance of Monsoon on\nBinance Smart Chain mainnet: bsc.monsoon.finance and Polygon testnet:\nmatic.monsoon.finance<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>We plan to deploy the Monsoon wallet-to-wallet\nprivacy tool to many blockchains in the next few weeks and release an alpha\nversion of our multichain privacy bridge by December or January.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>This is a big milestone!🥳<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Our team is composed of 3 engineers. I and my\ncofounder Kyle have engineering degrees and Kyle has experience working at\nConsensus in smart contract building.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Yes, this is a big and ambitious goal.🤩<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Ron @defiron has a PhD from Stanford, also in\nengineering. We have helped build out open source DeFi projects in the past and\nare excited to build out a future of privacy for all DeFi users.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>We also have several advisors: Josh Meier and Corey\nBillington from Latitude are our marketing advisors and Ryon Nixon from\nHorizons Law (crypto law firm) is our legal advisor.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Oh … a real dream team😍<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>Awesome what projects\nhave you built before?<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Because we are anonymous developers we can’t say,\nunfortunately<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>This is to protect our identity because regulations\ndo not favor privacy protocols<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>Yeah.. that’s clear<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for great introduction, we have several\nquestions which were selected for the 1st part. Ready to start?<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Sure!<\/p>\n\n\n\n Q1 from Telegram User @Jmagsss<\/em><\/strong><\/p>\n\n\n\n I\u2019ve learned that Monsoon Finance was developed from\na fork of the known decentralized protocol for private transactions, Tornado\nCash. What do your think is the technical advantage that Tornado Cash offers\nthat your decided to base your project with it? What similarities does Monsoon\nFinance and Tornado Cash shares? Also, what are the added-features that you included\nupon developing the project?<\/em><\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Our wallet-to-wallet privacy tool is a fork of\nTornado Cash, an audited and battle-tested privacy tool for Ethereum.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Tornado uses zk-SNARKs to break the link between\nwallet-to-wallet transactions.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>However, Tornado Cash is not building a multichain\nprivacy bridge, so our protocol will have greater utility in a multi-chain\nfuture.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>In addition, our MCASH token is revenue-generating,\nmeaning all fees generated by users using Monsoon services will be used to buy\nback and burn MCASH tokens.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>A protocol fee is taken on every private\ntransaction, so the token price will have a floor supported by the utility of\nthe protocol.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for detailed answers<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>there are fundamental differences. this is\ntrue.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Where can we buy tokens<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Our IDO will be on Bullperks and Polystarter on\nMonday September 27<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Don’t miss great opportunity, Satoshi Club 🚀<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>great….. a user has\na question on this<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for your answers<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Let’s proceed to the next question<\/p>\n\n\n\n Q2 from Telegram User @Pavel_Jarosh<\/em><\/strong><\/p>\n\n\n\n Dear Monsoon! Thanks for the great project and your\nvision to bring more to the fundamental right of privacy of your customers.\nMonsoon has announced an Mcash IDO on September 27th , 2021. Could you provide\nmore details about whitelisting process and Mcash IDO. What is the price for\nMcash?<\/em><\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>You can go here to register for the IDO:\nhttps:\/\/app.polystarter.com\/pools\/2<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>The price will be $0.20 per token and initial market\ncap will be $450k<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>clean answer!<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>Yeah..<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>please tell us a little bit about tokenomics<\/p>\n\n\n\n John | Monsoon Finance: <\/strong><\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n This is from the Polystarter research article<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>What will the\ngovernance treasury allocation be for?<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>MCASH is first and foremost a governance token. That\nmeans that the community can vote on governance decisions, such as changing the\nprotocol fee for certain blockchains or deciding which blockchains we should\nsupport and which assets we should support<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>by the way, let’s talk about security. have\nyou conducted any hackathons or smart contract audits?<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>25% of the token supply is allocated to the\ngovernance treasury, so the community can use these tokens to hire more\ndevelopers and put out bug bounties and marketing campaigns.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Our wallet-to-wallet privacy tool is a fork of\nTornado Cash, an audited and battle-tested privacy tool for Ethereum. However,\nwe understand the importance of audits, and will ensure that any modified code\nis audited as well. Our privacy bridge, when completed, will also be audited.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>In addition, our token smart contract was audited by\nArmors and passed with flying colors.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thank you very much for your answers and for a\nresponsible approach to security.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>I propose to consider next question😊<\/p>\n\n\n\n Q3 from Telegram User @Emnking<\/em><\/strong><\/p>\n\n\n\n Monsoon recently announced a partnership with Router\nProtocol, a platform that runs Dfyn.network, the second largest DEX on Polygon\nby liquidity and volume. What is the rationale behind this partnership? What\nshould we expect from this recent partnership? Will there be a similar\npartnership with other platforms like Router protocol? I also read about\nMonsoon investors and discovered that you have a hood number of great investors\nwhich includes NGC, LD Capital, Shima Capital, Part One Capital, Bullperks, Genblock,\nAU21, Sandeep (Polygon cofounder) and PrimeBlock Ventures\/MXC. Are we to expect\nother investors in the future? What are the strategies used by Monsoon to\nattract such number of great investors?<\/em><\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>And my fat fingers 🤣<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>great investors dare to notice🔥<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>We have a partnership with Dfyn and Quickswap. These\nplatforms will allow trading and staking\/farming of MCASH after launch. You\nwill get a certain APY for providing liquidity to MCASH\/USDC pair.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>And yes, we have 3 partnerships with big blockchain\nplatforms to be announced in the near future – stay tuned \ud83d\ude42<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Perfectly! Thanks a lot for the answers<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Ready for the next question?<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Yes \ud83d\ude42<\/p>\n\n\n\n Q4 from Telegram user @Arisabela<\/em><\/strong><\/p>\n\n\n\n Monsoon aims to be completely decentralized and\ncommunity governed, could you explain how do you provide the power to your\nusers to be part of the evolution and decision making of the platform? What are\nthe benefits of being a MCASH holder and how do you incentivize the holders to\nparticipate in the governance method?<\/em><\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>MCASH is first and foremost a governance token. That\nmeans that users stake MCASH to vote on proposals for the project, such as\nchanging the protocol fee and choosing which blockchains should be supported\nand deployed to.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>In addition, the token is revenue-generating,\nmeaning all fees generated by users using Monsoon services will be used to buy\nback and burn MCASH tokens.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>A protocol fee is taken on every private\ntransaction, so the token price will have a floor supported by the utility of\nthe protocol.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>What % do you charge\nas protocol fee?<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>It’s governance-defined, meaning the community votes\non what they think the fee should be. Currently it is set at 1%<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>Thank you.. 👍 It is\nclear..<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>Can we proceed to\nnext Question?<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Yes, of course<\/p>\n\n\n\n Q5 From Telegram user @yellowchamp<\/em><\/strong><\/p>\n\n\n\n I found out that with Monsoon Finance,users will be\nable to privately deposit assets onto the Monsoon Substrate blockchain and\nprivately swap them for any other supported assets using the Monsoon Discovery\nNetwork. If users will be able to privately deposit assets onto the Monsoon\nSubstrate blockchain,how can we assure that the funds being deposited is safe\nand secure? Can you explain more about the Monsoon Discovery Network? What\nadvantages and benefits of Monsoon Discovery Network? Thank you<\/em><\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>We are building out a private decentralized exchange\non a Substrate-based blockchain. This is tentatively called the Monsoon\nDiscovery Network.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>This is still a topic of research and design, but\nbasically you will be able to privately bridge assets to the Monsoon blockchain\nand swap them for other assets that you can then bridge out. The whole process\nwill ensure privacy of the assets and users.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Assets deposited will be locked in smart contracts\nthat will be audited and these funds cannot be stolen.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>Have you done any\nAudit at the moment?<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Yes, our token smart contract has been audited by\nArmors<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>Great.. You plan to\ndo more audits I suppose<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Yes, of course<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>Awesome.. 👏<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>Let’s proceed to our\nLast Question for this Part.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>tell me please what do you will do after the\nend of sale? immediately are planning listing on dex?<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>We will list on Quickswap, Dfyn, and 2 centralized\nexchanges<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thank you for the clarification😊<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Ready to proceed to the next question?<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Yes<\/p>\n\n\n\n Q6 from Telegram user @DK177<\/em><\/strong><\/p>\n\n\n\n It caught my attention that Monsoon Finance offers a\nfeature called \u2018anonymity mining\u2019. How does it differ from regular mining? You\nhave indicated that we will be able to mine $MCASH when it is launched and\npublicly available. How many tokens can be minted per day? Can you please give\nus a clear idea about this mining process? You have not mentioned about any\nburning activities. How do you generate a scarcity to prevent $MCASH from being\nundervalued? Surprisingly, the token is yet to be launched although you have\ndeveloped the concept. What is the reason for this delay? What is the estimated\ntime period for the token launch? When will early investors get an opportunity\nto join?<\/em><\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Anonymity mining is another way to generate yield by\ndepositing assets in the Monsoon privacy pools. You will simply deposit the\nsupported asset using our privacy tool and not withdraw it for a period of time\nand that way you generate MCASH over time.<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Users of the privacy tool will benefit because\nprivacy is improved when lots of users are depositing their assets in the\nprivacy pool. It is ‘anonymous’ because there is no way to determine which\nwallets are participating in mining and which wallets are simply using the tool\nfor privacy.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>Great we hope to see\nthis feature soon<\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>https:\/\/medium.com\/polystarter-official\/initializing-launch-sequence-phase-1-participate-in-early-polystarter-idos-dc8708caccc6<\/a><\/p>\n\n\n\n John |\nMonsoon Finance: <\/strong>Telegram: @monsoonfinance @monsoonann<\/p>\n\n\n\n<\/figure>\n\n\n\n
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