{"id":12802,"date":"2021-09-25T23:12:14","date_gmt":"2021-09-25T20:12:14","guid":{"rendered":"https:\/\/esatoshi.club\/?p=12802"},"modified":"2021-09-25T23:12:16","modified_gmt":"2021-09-25T20:12:16","slug":"timechain-x-satoshi-club-ama-recap-from-24th-of-september","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/09\/25\/timechain-x-satoshi-club-ama-recap-from-24th-of-september\/","title":{"rendered":"Timechain x Satoshi Club AMA Recap from 24th of September"},"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 Timechain and our guests were @timechain1, and @dubwiserenzo – representative of Timechain. The AMA took place on the 24th of September.<\/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

Mary | Satoshi Club:<\/strong>
\nHello Satoshi Club! We are happy to announce our AMA session with Timechain!\nWelcome to Satoshi Club😀<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nToday our guests are @timechain1 @dubwiserenzo<\/p>\n\n\n\n

Dubwise Renzo \u039e:<\/strong>
Hi Guys, glad to be here! @timechain1 will lead the AMA ^^<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nHello and welcome to Satoshi Club, @timechain1 @dubwiserenzo<\/p>\n\n\n\n

How are you doing😊<\/p>\n\n\n\n

Louis @TC:<\/strong>
Hello! Happy to be here today.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Hello! Happy to see you here 👍<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nNice to e-meet you guys 😊<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
\nSo, let’s start our AMA 🚀<\/p>\n\n\n\n

Could you please introduce yourself and tell us more about Timechain 😀<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Introduce yourself, please. How did you get to be involved in crypto & Timechain @timechain1 @dubwiserenzo
Tell us please about your position in Timechain.<\/p>\n\n\n\n

Louis @TC:<\/strong>
I\u2019m a serial FinTech entrepreneur with more than 10 years of experience, including launching a successful mobile app with over 1 million downloads. I have worked across different disciplines including corporate development, product development, business operations, and strategy–so you could say I\u2019ve been around the block a couple of times. I have also been involved in the process of recognizing Bitcoin to not be security in Canada. Many actors in the industry wrote letters to the regulators to give them arguments against making it security. <\/p>\n\n\n\n

Prior to starting\nTimechain, I was the CEO of a search engine optimization (SEO) marketing firm.\nNevertheless, I am a humanitarian with a vision: to empower everyone to manage\nthemselves and their assets. That is where my drive for Timechain originates.<\/p>\n\n\n\n

And big fan of FTM 🚀<\/p>\n\n\n\n

Dubwise Renzo \u039e:<\/strong>
Hey, I’m an advisor and Community Manager at Timechain. Got into crypto in the 2017 hype, went through the rabbit hole on Telegram and Reddit, got to know about ETH DeFi through the Yam hype and now we here helping out projects growing their community and finding great strategic partnerships.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Yes, you have good taste😀<\/p>\n\n\n\n

2017 brought us a lot of brilliant users👍<\/p>\n\n\n\n

What is Timechain and it’s main goals?<\/p>\n\n\n\n

Louis @TC:<\/strong>
\nTimechain is all about democratizing and humanizing global finance. We build\nproducts that provide access to the best platforms for crypto and fiat. TCS\neliminates the need for crypto users to be active on multiple DEX platforms and\nmonitoring liquidity by bringing some of the most liquid markets (FTM, BSC,\nETH) together on a single platform. Our main offering is\nhttps:\/\/TimechainSwap.com, an all-inclusive DEX ecosystem. We will be\nintroducing additional features as well, which will be announced in the next\nfew weeks, but as of right now, when swapping on <\/p>\n\n\n\n

TimechainSwap you can\nexpect :
\nNo Transaction Fees
\nNo Slippage
\n100% Your Gain
\n100% Our Satisfaction<\/p>\n\n\n\n

Which translates to the\nbest price possible for our users<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nBtw great background 👍 @timechain1 @dubwiserenzo<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Are you first swap on Fantom?<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Sounds really ambitious😊<\/p>\n\n\n\n

Louis @TC:<\/strong>
We are not the only swap on FTM but we want to be the one offering the price for the users. We can say that we were the first efficient SWAP on FTM<\/p>\n\n\n\n

Dubwise Renzo \u039e:<\/strong>
Fantom has a bunch of DEX’s like Spookyswap and Spiritswap but we make a difference by being a DEX aggregator. We aim to provide the fastest, most affordable transactions by routing transactions through multiple DEX’s. Fantom is a perfect case of liquidity all over the place which gives us the opportunity to offer the best return on the entire network right now.<\/p>\n\n\n\n

Spiritiswap, Spookyswap, Paintswap, Sushiswap, Curve, Waka Finance, Hyperjump, and Elk Finance are among the prominent DEXs on the Fantom Opera Network that Timechainswap currently aggregates.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
\nGotcha 😀 who is developing Timechain with you? How big is your team?<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nTell us about the benefits of Timechain. How is it different from others?<\/p>\n\n\n\n

Louis @TC:<\/strong>
You can see our team on timechain.com. We are 26 in total right now and we are aiming to grow +10 by the end of the year. We have team of PhD and Master engineers from one of the top university in Canada<\/p>\n\n\n\n

Dubwise Renzo \u039e:<\/strong>
This is where things get very interesting. TCS is all about saving money \u2014 so much so that we took a three-pronged approached to guarantee those savings:<\/p>\n\n\n\n

The Routing Algorithm
\nJuggling multiple DEXs is not a straightforward process. Let\u2019s assume we want\nto swap some USDT for some BUSD. Using Figure 1 as a reference: is it better to\nswap USDT directly into BUSD or is it better to swap it to DAI and then to\nUSDT? Which DEX should be used for each transaction? This is the kind of\noptimization problem that the routing algorithm solves automatically.<\/p>\n\n\n\n

The Distribution\nAlgorithm
\nMoving large amounts of crypto can be costly due to how they impact liquidity\npools (LPs). Rather than moving them in a single lump, it is cheaper to split\nlarger sums so multiple LPs can be used. However, managing these splits and\ntheir subsequent routing requires additional logic on top of our Routing\nAlgorithm, which is where the Distribution Algorithm steps in.<\/p>\n\n\n\n

The Optimus Gas Reduction\nModules
\nWe all know it: when it comes to crypto, transaction fees are as awful as they\nare unavoidable. They can, however, be significantly reduced whenever\ntransactions are handled in batches, which is precisely what Optimus does.\nThink of it as a type of \u201cX for the price of 1\u201d discount.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Great dream team😍<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Cool intro, guys! Now i am really excited to see your answers for the questions from our community 😀 we choose 6 for the first part 😉 ready?🚀<\/p>\n\n\n\n

Louis @TC:<\/strong>
\nReady! 🤓<\/p>\n\n\n\n

Dubwise Renzo \u039e:<\/strong>
Awesome, come at us!<\/p>\n\n\n\n

Q1 from Telegram User @yellowchamp
<\/em> As you stated in your website that you have to get notified minutes before your app launches by being one of the first 10,000 fully registered users. So, can you tell us what are the bonuses or privileges awaits for your first 10,000 fully registered users? What are the advantages to be part of the first 10,000 fully registered users in your incoming application? How to register in your app? Can you share some links? As you launch your mobile application, can you share with us in advance the great features and highlights of your Timechain application? Is this mobile app will be available on both Android and iOS devices? Thank you.<\/strong><\/p>\n\n\n\n

Louis @TC:<\/strong>
\nHi there, @Yellowchamp You will receive TCS tokens if you are one of the first\n10,000 users that registered on the app. If you haven’t already you can\nregister in the link below!<\/p>\n\n\n\n

https:\/\/mailchi.mp\/timechain\/pre-registration<\/a><\/p>\n\n\n\n

In terms of the app, all\nusers will receive a link via SMS and email that will direct them to the App\nStore\/Play Store to download it. <\/p>\n\n\n\n

Here’s a quick rundown of\nthe app’s features: <\/p>\n\n\n\n

1 Universal Wallet: All\nof your information is in one place. An easy-to-understand breakdown of your\ntransactions is available. For each currency type, you can view your\ntransaction history. Connect your wallet to other cryptocurrency wallets and\nCanadian financial institutions. Keep your crypto and fiat money in the same\nplace.<\/p>\n\n\n\n

2 Money Transfers –\nCanadians Only<\/p>\n\n\n\n

Sending money can be\nsocial. To e-transfer funds to a friend or pay a supplier, you no longer need\nto ask for the “security question and password.” Simply take your\nCanadian dollars out of your Timechain wallet, enter the amount, and press\nsend. This feature is similar to the American app “Venmo”. <\/p>\n\n\n\n

3 Messaging Feature:\nEasily communicate and send money. You have the ability to request and accept\npayments. Payment Requests can also be accepted or declined. Directly from the\napp, send e-mail and SMS messages to your synchronised contacts. Without\nleaving your conversation, request and accept payments in the same simple way.<\/p>\n\n\n\n

Make use of the resources\nwe provide to get where you want to go. <\/p>\n\n\n\n

Keep an eye out for\nupdates on our website, which is currently undergoing a major makeover and will\nprovide you with all the information you need next week! <\/p>\n\n\n\n

P.S. Our app will be\navailable on both Android and iOS.<\/p>\n\n\n\n

Louis @TC:<\/strong> <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Do you already have 10000 registered users?<\/p>\n\n\n\n

Louis @TC:<\/strong>
\nWe still got space! Feel free to register!<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Oh, it’s nice! Satoshiclubbers, you need to join🚀🚀🚀<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nThanks for your answers<\/p>\n\n\n\n

Ready to proceed to the next question?<\/p>\n\n\n\n

Louis @TC:<\/strong>
\n🤩👍<\/p>\n\n\n\n

Q2 from Telegram User @Ajpaa
<\/em> TimechainSwap IDO Platform will provides a robust and fair environment for IDOs to take place, with an interesting reward scheme for TCS holders. In addition to TCS IDO unique whitelisting method you went on to integrate Chainlink\u2019s VRF (Verifiable Random Function). What are the uniqueness that your IDO platform offer? What are the importance of integrating Chainlink\u2019s VRF and how will it impact your launchpad? Lastly what is the difference between Coin-Age Processing Model and Multi-Level Offering System and what opportunities do they offer for IDO participants?<\/strong><\/p>\n\n\n\n

Louis @TC:<\/strong>
\nThe TCS IDO platform initially developed a unique method by integrating\nChainlink’s VRF, which is a fair, unbiased, tamper-proof, and cost-effective\nsource of on-chain randomness.<\/p>\n\n\n\n

Advantages<\/p>\n\n\n\n