{"id":13490,"date":"2021-10-18T10:25:39","date_gmt":"2021-10-18T07:25:39","guid":{"rendered":"https:\/\/esatoshi.club\/?p=13490"},"modified":"2021-10-18T10:25:41","modified_gmt":"2021-10-18T07:25:41","slug":"panther-protocol-x-satoshi-club-ama-recap-from-14th-of-october","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/10\/18\/panther-protocol-x-satoshi-club-ama-recap-from-14th-of-october\/","title":{"rendered":"Panther Protocol x Satoshi Club AMA Recap from 14th of October"},"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 Panther Protocol and our guests were @andrewzap, and @Consanto – representative of Panther Protocol. The AMA took place on the 14th of October.<\/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 Panther\nProtocol! Welcome to Satoshi Club😀<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nHello again, dear Satoshi Club community!<\/p>\n\n\n\n

Today our guests are @andrewzap @Consanto😊<\/p>\n\n\n\n

Andrew Zapotochnyi:<\/strong>
\n@GoldRocket27 greetings!<\/p>\n\n\n\n

Constantinos:<\/strong>
\nHi everyone! excited to be here with you!<\/p>\n\n\n\n

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

Mary | Satoshi Club:<\/strong>
\nHello, guys! Happy to see you here!<\/p>\n\n\n\n

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

Mary | Satoshi Club:<\/strong>
\nHow’s going?😃<\/p>\n\n\n\n

Let’s start our AMA session 🚀🚀🚀<\/p>\n\n\n\n

Constantinos:<\/strong>
It going well! Super busy in anticipation of the public sale!<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Oh, exciting times😉<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Oh \u2026 hot time 🔥🔥🔥<\/p>\n\n\n\n

Mary | Satoshi Club:
<\/strong> And we will start our AMA with the introduction!<\/p>\n\n\n\n

Constantinos:<\/strong>
💯<\/p>\n\n\n\n

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

Constantinos:<\/strong>
\nGreat! My name is Constantinos Antoniou, and I am handling all of the community\naspects of Panther. I\u2019ve been involved and Co-founded local communities in my\ncountry Cyprus. Organized a few conferences and I\u2019ve been advising projects in\nterms of marketing and community. I was also the head of research at D-CORE, a\ncrowdsourcing platform where we research and analyze Blockchain projects.<\/p>\n\n\n\n

Andrew Zapotochnyi:<\/strong>
\nI\u2019m the head of marketing at Panther Protocol.<\/p>\n\n\n\n

I\u2019ve been in the\nblockchain space full time for the last five years and headed marketing at\nAmbisafe back in 2017, headed marketing at Propy.com, bootstrapped a couple of\nmy own marketing blockchain-specific ventures.<\/p>\n\n\n\n

Back in 2017 I came up\nwith the Digital Independence Declaration idea (digindec.com) that brought me\nto Panther Protocol. I do believe that privacy is the core value in the digital\nage.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nGreat background, friends 👍<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
And your analytic skills led you to Panther Protocol 😃<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
And yes this idea is just amazing 👏👏👏<\/p>\n\n\n\n

Give us a brief introduction to the project. What is the essence of Panther Protocol<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
You’re a true cryptolover😃 privacy is really important here!<\/p>\n\n\n\n

Constantinos:<\/strong>
Haha true!<\/p>\n\n\n\n

Constantinos:<\/strong>
\nSo Panther is an end-to-end privacy protocol connecting blockchains to restore\nprivacy in Web3 and DeFi while providing financial institutions a clear path to\ncompliantly participate in digital asset markets.<\/p>\n\n\n\n

Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology. Users can mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets flow across blockchains via a privacy first interchain DEX and a private metastrate. Panther envisions that zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.<\/p>\n\n\n\n

Constantinos:<\/strong>
\nBy the way we have just announced our new website, please check it out and tell\nus what you think! 😊<\/p>\n\n\n\n

https:\/\/www.pantherprotocol.io\/<\/a><\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
These are innovative revolutionary ideas!<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
It sounds so cool! When you’re telling any protocol does it mean really any?😃<\/p>\n\n\n\n

Constantinos:<\/strong>
Well, deploying on a new protocol is expensive and time-consuming but technically yes, any protocol 😁<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Unbelievable! Hope one day it will be easily possible!<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nWe would like to know more about your team. Who is on the project team core?<\/p>\n\n\n\n

@andrewzap @Consanto 😊<\/p>\n\n\n\n

Andrew Zapotochnyi:<\/strong>
\nSo, perhaps, what’s most important about our team is that most of us have been\nin the blockchain world for years and are indeed seasoned experts. Just as an\nexample:
\nOliver (CEO) co-founded a couple of successful crypto companies and invented\nCBDC.
\nAnish (CTO) was reviewing the Ethereum whitepaper early on as well as served as\nthe advisor for Ripple.
\nRamadan (COO) worked in BlackRock, one of the world’s largest investment\ncompanies.
\nI would say the best way to find out about our team would be to check out our\nnewly updated website 🙂<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nGreat dream team😊❤️<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
I like your website, btw💪<\/p>\n\n\n\n

Thank you so much, guys, for your intro!<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\nThanks for great introduction, we have several questions which were selected\nfor the 1st part. Ready to start?<\/p>\n\n\n\n

Constantinos:<\/strong>
Let’s go! 😁<\/p>\n\n\n\n

Q1 from Telegram user @Ngoctu21
<\/em> Panther Protocol provides DeFi users with fully collateralized, interactive privacy, augments digital assets, leverages zkSNARK technology, and provides a new price discovery mechanism for privacy. I found that Panther Protocol uses both zero-knowledge proof and game theory as a mechanism to provide privacy. Can you tell us more about this? How can these mechanisms help you achieve your privacy goals in your platform? What are the benefits of using both?<\/strong><\/p>\n\n\n\n

Constantinos:<\/strong>
zkSNARKs stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.<\/p>\n\n\n\n

It’s a form of Zero-Knowledge cryptography. It allows you to prove something, like your age, without revealing any other information such as your name, date of birth or nationality. Panther uses zkSNARKs to enable its users to produce zkAttestations that can submit to Service providers. Minimum disclosure is the result. It is still a small privacy leak, but it is sufficient and measured and allows you to establish that trust relationship with your counterparty.<\/p>\n\n\n\n

Now, game theory is used in Panther to optimize the anonymity set in our Shielded Pools and allow for price discovery for privacy.<\/p>\n\n\n\n

Privacy at a fair price – This is the final piece of the jigsaw; the setting of a price. Privacy and trust are currently reserved for the uber-rich in our world. With the Panther Protocol governance mechanisms, privacy is priced by the transaction, not by the transactor where both powerful and puny can avail of the same protections.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
So, can you explain for users who are not so familiar with tech side what they will be able to do using Panther Protocol without revealing their privacy?<\/p>\n\n\n\n

Andrew Zapotochnyi:<\/strong>
\nSo, on a very high level and from the user perspective, our MVP will consist\nof, say, a dark pool that consists of all zAssets. You should be able to\ndeposit your assets in the pool and make them private. You should be able to\nsend them inside of the Panther ecosystem and then withdraw them.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Wow, that’s attractive 😃 when do you plan to launch?<\/p>\n\n\n\n

Andrew Zapotochnyi:<\/strong>
\nThe work is in progress, and we don’t have an ETA yet. I would say we’re\ntalking about weeks, so hopefully before the end of the year.<\/p>\n\n\n\n

Constantinos:<\/strong>
We don’t have a specific date yet but sometime after the public sale<\/p>\n\n\n\n

Andrew Zapotochnyi:<\/strong>
\nWe\u2019ll be sharing all the updates on the go.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
\nSure! We will follow your updates!<\/p>\n\n\n\n

Thank you for your answers! Ready to proceed?🚀<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Yes, we will be grateful if you share with us❤️<\/p>\n\n\n\n

Constantinos:<\/strong>
Sure ;p<\/p>\n\n\n\n

Q2 from Telegram user @Pavel_Jarosh
<\/em> Panther sets privacy as one of the main pillars of DeFi and therefore its vision throughout the project. In the crypto world, neither FinCen nor any other security networks have enough rights to distinguish privacy from financial crimes as these definitions are crossed nowadays. Please explain how do you plan to monitor and respect a fundamental right of privacy of everyone from the attempts to use this privacy for money laundering for ex.? Thank you!<\/strong><\/p>\n\n\n\n

Andrew Zapotochnyi:<\/strong>
The answer is simple: Selective and Zero-Knowledge disclosures 🙂<\/p>\n\n\n\n

DeFi users and institutional traders can voluntarily make selective disclosures of transactional data to a counterparty, directly or via trust providers. Forward-thinking service providers and regulators may accept zero-knowledge disclosures (zkAttestations), which prove to the verifier that the user is adhering to a certain ruleset, without providing any underlying data. <\/p>\n\n\n\n

This has the potential to\nrevolutionize the compliance and KYC industries, solving the data siloing and\ndata breach problems that plague the world and contribute to the erosion of\nuser privacy.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
So, users won’t have any problems with exchanges or regulations using your protocol?<\/p>\n\n\n\n

Constantinos:<\/strong>
Also, you can check out this article which goes into more detail https:\/\/blog.pantherprotocol.io\/can-privacy-and-compliance-co-exist-4f456281d7c2<\/a><\/p>\n\n\n\n

Exactly.<\/p>\n\n\n\n

They will be able to provide the necessary data to anyone they want. It’s just not gonna by the public by default as it is now.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
This solves all problems!<\/p>\n\n\n\n

Thank you for your answers! Ready to go to the next question?😃<\/p>\n\n\n\n

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

Constantinos:<\/strong>
Our pleasure.<\/p>\n\n\n\n

Q3 from Telegram user @chinyere2020
<\/em> \u201cUsers are able to mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults and using these zAssets across a full range of DeFi applications.\u201d Can you list some examples of the DeFi applications where zAssets can be used? Can users get these zAssets from farms\/pools or any other source?<\/strong><\/p>\n\n\n\n

Constantinos:<\/strong>
Sure this is a great question! So by using zAssets in the Panther wallet all necessary privacy steps occur automatically and all the necessary conversions happen in order for the user to use most of DeFi apps anonymously.
You can refer to our article explaining zAssets and specifically to the user journey close to the bottom: https:\/\/blog.pantherprotocol.io\/minting-and-burning-zassets-a-semi-technical-deep-dive-18dea602a859?source=collection_home—4——1———————–<\/a><\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Very useful article! It’s easy to read!<\/p>\n\n\n\n

Will you charge any fee for minting?<\/p>\n\n\n\n

Constantinos:<\/strong>
There will be a small fee associate with minting but these are fine-tuning details that will be released closer to the launch 😊<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Btw how do you achieve compatibility between chains?<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Sure😃<\/p>\n\n\n\n

Constantinos:<\/strong>
So there will be privacy Shielded Pools across different chains, in the same way, users transfer assets from chain to chain using bridges, Panther will deploy its own bridges to cater for the privacy requirements as well.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
👍<\/p>\n\n\n\n

Thank you for your answers! Ready to jump to the next question?🔥<\/p>\n\n\n\n

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

Q4 from Telegram User @DK177
<\/em> Could you please explain deeply about your multi-asset smart contract protocol? According to what you have already published on the website and the whitepaper, we are allowed to deposit digital assets into your vaults and mint zAssets. What are the accepted digital assets for your vaults? Do we get rewards from the same zAsset? For instance, do we need to deposit $ETH to get $zETH? By the way, what is the advantage of minting zAssets? Can we convert them into normal digital assets on your platform or anywhere else? Further, please explain the use cases of these zero-knowledge assets. Using your vaults, can\u2019t we get returns such as staking rewards from the same digital asset we deposit, for example, $ETH rewards (instead of $zETH) for $ETH deposits?<\/strong><\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
\nPartially covered 😃<\/p>\n\n\n\n

Andrew Zapotochnyi:<\/strong>
\nPanther Protocol proposes a new asset class called zero-knowledge assets\n(zAssets), which are fully collateralized, privacy-enhancing assets that are\ninteroperable and composable with DeFi infrastructure.<\/p>\n\n\n\n

Andrew Zapotochnyi:<\/strong>
They are derivatives of other typically non-private cryptoassets (e.g. Ethereum ERC-20 tokens and similar). A zAsset is pegged 1:1 to the underlying cryptoasset which is locked as collateral in Panther Vaults – autonomous, zero-knowledge, self-custodial smart contracts which act as decentralized custodians for collateral of zAssets. Collateral may be partially or fully redeemed by burning some or all of the minted zAsset.<\/p>\n\n\n\n

As for which assets and the specific rewards from privacy staking you\u2019d have to wait for the official announcements coming in a few weeks just before the launch of our MVP on Polygon.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
\nSo, you first will launch on Polygon?😃<\/p>\n\n\n\n

Constantinos:<\/strong>
Exactly ;p<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Why did you choose it?<\/p>\n\n\n\n

Actually, it’s our next question).<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
\n@GoldRocket27<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
\n🚀<\/p>\n\n\n\n

Constantinos:<\/strong>
We chose Polygon because over the years it has demonstrated its incredible technical capabilities, it has very low fees which will allow the proper mixing of zAssets, and of course there is a thriving DeFi ecosystem being developed there.<\/p>\n\n\n\n

Q5 from Telegram User @Highpee
<\/em> In few weeks, public sale will commence. Can you share the procedure of how your public sale will be conducted? What will users need to be part of this event? In addition, you said after the public sale, you will release your MVP first on polygon and later on Ethereum. What are the scope of your MVP and why are you launching it first on polygon? How can users join and apply to be a beta tester in order to have a first-hand feeling of your fully collaterised private Inter-Chain solutions?<\/strong><\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
I think it’s time to talk about beta testing 😃<\/p>\n\n\n\n

Constantinos:<\/strong>
Currently, we are super focused on the Public Sale of our token $ZKP in a few weeks and subsequently the release of our MVP on Polygon and later on Ethereum. If you are interested to participate in our Public sale please fill out the interest form https:\/\/share.hsforms.com\/1NEKpcC84SFmK0fpd4sFoZQ8mifv<\/a><\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
\nAny benefits for early adopters?😃<\/p>\n\n\n\n

Constantinos:<\/strong>
\nThankfully we have released a very detailed article regarding the scope of the\nMVP! You can check it out here: https:\/\/blog.pantherprotocol.io\/coming-soon-panther-protocols-mvp-launch-on-polygon-6d9390e10028<\/p>\n\n\n\n

We are planning to have a beta testing period where we will allow users to check out the MVP of the testnet. Unfortunately, I don’t have more information about this as the tech team is currently planning. Stay tuned for the official release by following us on our social media! <\/p>\n\n\n\n

Twitter: https:\/\/twitter.com\/ZPPanther<\/a>
Telegram: https:\/\/t.me\/pantherprotocol<\/a>
Medium: https:\/\/blog.pantherprotocol.io\/<\/a>
Discord: https:\/\/discord.gg\/dyFDGg8Zt9<\/a><\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Hm, it’s very exciting 😃 how many people already filled it🤣? I feel a lot🤣<\/p>\n\n\n\n

Constantinos:<\/strong>
😊<\/p>\n\n\n\n

Andrew Zapotochnyi:<\/strong>
\n@madamlobster Hey Mary, I\u2019m having another call now and I\u2019m going to have to go\nnow. Consta will take it from here 🙂<\/p>\n\n\n\n

Constantinos:<\/strong>
\nThe response from the community was overwhelming!<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Sure! It was a pleasure to have you here 🙂<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Have a great day 😊<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
I can only imagine 👏<\/p>\n\n\n\n

Thank you for your answers! What about 6th and last question from this part?🙂<\/p>\n\n\n\n

Constantinos:<\/strong>
Lets go ;p<\/p>\n\n\n\n

Q6 from Telegram User @yellowchamp
<\/em> Panther Protocol just recently announced a partnership with NEAR Protocol in which you received a grant from NEAR to explore the development of open-source privacy infrastructure. So, can you explain more about this open-source privacy infrastructure that you are going to explore within Near Protocol network? How would be this open-source privacy infrastructure will bring a great impact on your network? How it will bring a good contribution to Panther Protocol network? Can you describe the win-win benefits of your collaboration with Near Protocol and how it will bring a good contribution to users and investors of your platform? Thank you<\/strong>.<\/p>\n\n\n\n

Constantinos:<\/strong>
\nAbsolutely! We are truly excited to be working with NEAR protocol and thankful\nfor the grant we have received.<\/p>\n\n\n\n

Panther will use the grant to do the required research and hire a tech team with the intention to launch Panthers Privacy solution on NEAR. This includes the deployment of Panther\u2019s privacy solutions on NEAR\u2019s EVM, Aurora.<\/p>\n\n\n\n

You can check out the details of the partnership here: https:\/\/blog.pantherprotocol.io\/panther-and-near-protocol-announce-partnership-to-develop-privacy-preserving-tech-in-the-near-7735205a1fae<\/a><\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Which other partnerships do you currently have?🙂<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong>
Big milestone 👏👏👏<\/p>\n\n\n\n

Constantinos:<\/strong> <\/p>\n\n\n\n