{"id":13593,"date":"2021-10-22T14:48:56","date_gmt":"2021-10-22T11:48:56","guid":{"rendered":"https:\/\/esatoshi.club\/?p=13593"},"modified":"2021-10-22T14:51:04","modified_gmt":"2021-10-22T11:51:04","slug":"trustednode-x-satoshi-club-ama-recap-from-21st-of-october","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/10\/22\/trustednode-x-satoshi-club-ama-recap-from-21st-of-october\/","title":{"rendered":"TrustedNode x Satoshi Club AMA Recap from 21st of October"},"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 TrustedNode and our\nguests were @NicSpu @Gniar and @srust99. The AMA took place on 21 October.<\/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\n| Satoshi Club:<\/strong> Hello&nbsp;\nSatoshi Club! We are happy to announce our AMA session with TrustedNode!\nWelcome to Satoshi Club&#x1f600;<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> @NicSpu @Gniar and\n@srust99 welcome to Satoshi Club &#x1f44f;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> thank you<\/p>\n\n\n\n<p><strong>JST:<\/strong>\nThank you Jonah for having us here<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> glad to be here<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Welcome here, guys! How are you today? &#x1f600;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> doing great<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Excellent! So, now we can start our AMA\n&#x1f680;<\/p>\n\n\n\n<p>And let&#8217;s start with\nintro &#x1f600;<\/p>\n\n\n\n<p>Could you please\nintroduce yourself and tell us more about TrustedNode?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> I am Stefan, the former CEO of bitcoin.com and have\nbeen in crypto since 2012.<\/p>\n\n\n\n<p>I\u2019ve been building\ndeveloper communities around the world for globally leading technology\ncompanies pretty much all my career, both as entrepreneur as well as for Java\nat Sun Microsystems.<\/p>\n\n\n\n<p>At Trusted Node we have\npulled together an amazing team with an aggregate 30+ years of experience in\ncrypto and then in technology as well. The team have been leading product\nmanagement, development and marketing with leading companies including\nbitcoin.com, crypto.com, Nest, Horizon, AAX, Amadeus.<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Wow, legend &#x1f600; happy to e-meet\nyou &#x1f44d;<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> 30+ years is awesome<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> yeah we got an awesome team<\/p>\n\n\n\n<p>super happy to be\nworking with a truly passionate and committed team and group of decentralized\nbelievers<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> &#x1f44f;.. Are you\nall from same region?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> nope we are a global team, comprised of Americans,\nJapanese, Chinese, French, Venezuelan, Brazilian<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> oh and an English<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> What is TrustedNode? Your main goal?\nWhy crypto needs your project?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> Simply said, Trusted Node allows users to become\nnode validators by staking their assets through our platform, keeping control\nover their funds at all times<\/p>\n\n\n\n<p>When you delegate your\nfunds to a validator node to secure the blockchain, your funds are locked up.\nWith liquid staking you can free up your funds to earn additional rewards,\nwhile keeping base capital untouched.<\/p>\n\n\n\n<p>we are looking to 1.\nsecure the networks, 2. increase efficiency of securing the networks<\/p>\n\n\n\n<p>efficiciency of capital\nwhile securing the networks<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> It&#8217;s attractive and promises us\nadditional financial freedom<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> as PoS started to grow, i found that i had staked\nmy crypto in so many chains early on where the only way you could interact with\nthe chains was through CLI<\/p>\n\n\n\n<p>so 1. it was\ncomplicated and the UX was challenging<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Which PoS coins did you stake?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> 2. a lot of people leave their crypto on exchanges,\nand it is not adding value to the ecosystem and not paying rewards nor\ncapturing potential airdrops, and exchanges are not alwasy focused on maintaing\nthe nodes and don&#8217;t necessarily pass that on to their users<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> True&#x1f600;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> so we want to make it easy to use and share the\nrewards with the users and then &#8220;boost&#8221; those rewards with yields and\nprovide governance particpation<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> Yeah totally correct<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> Eth2, cosmos, DVPN<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Your goals are impressive&#x1f600;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> that was after mining<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Oh, early staker, now it&#8217;s much easier\nto stake Cosmos, for example<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> we really believe in a multichain decentralized\nworld<\/p>\n\n\n\n<p>yes especailly if you\nuse the keplr wallet, you can stake straight from the wallet<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> You read my thoughts) that&#8217;s directly\nwhat i do<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> it&#8217;s super easy and you see the list of validators\nand you just &#8220;bond&#8221; your token with hthem and can even through the\nwallet claim your rewards at any time<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> Yeah&#8230; Super easy\nindeed<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> &#x1f44d;<\/p>\n\n\n\n<p>Thank you, guys for\nyour impressive intro! Now i am even more excited to read your answers to the\nquestions from our community &#x1f600; we choose 6 for the first part.<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> so we&#8217;re looking to combine the best of multiple\nworlds into a user interface so you can mange from one interface across\nmultiple chains<\/p>\n\n\n\n<p>cool<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Cross chain future is almost here)<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> This will simplify the\nwhole process &#x1f44f;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> it&#8217;s coming we still have some cumbersome bridges,\nhowever they will get better and better<\/p>\n\n\n\n<p>this is inevitable<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> Yeah.. and very much\nneeded<\/p>\n\n\n\n<p><strong>Stefan Rust:<\/strong> <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"629\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/trud-1024x629.jpg\" alt=\"\" class=\"wp-image-13598\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/trud-1024x629.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/trud-300x184.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/trud-768x472.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/trud.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>here the first\ninterface that we launched last week<\/p>\n\n\n\n<p>and the team is already\nadding new chains and working on user feedback around UXA<\/p>\n\n\n\n<p>UX<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> When do you plan to launch?<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> The interface Looks\ngreat<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> thank you<\/p>\n\n\n\n<p>sorry we already\nlaunched<\/p>\n\n\n\n<p>the product and staking\nportal is live today<\/p>\n\n\n\n<p>the token launch and\nthe vaults will come in the next few weeks<\/p>\n\n\n\n<p>we are launching our\ntoken early November<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Wow! Congratulations &#x1f44f;&#x1f44f;&#x1f44f;<\/p>\n\n\n\n<p>Very soon!<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> yup, we&#8217;re working on a tight timeline<\/p>\n\n\n\n<p>we want to build a\nstrong sustainable product and show that we are a team that deliver and execute\non our commitments<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Btw, our first question is about your\ntoken&#x1f609;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> while listening to what our users ask from us<\/p>\n\n\n\n<p>cool<\/p>\n\n\n\n<p><strong><em>Q1 from Telegram user\n@Asela1112<\/em><\/strong><\/p>\n\n\n\n<p><strong>With\na 1 billion of total supply, $TNODE token serves as the native currency within\nTrusted Node platform. You have allocated 2% for the public sale purpose while\nyou allocate more portions for other purposes. Why did you decide to allocate\nsuch a small amount for public sale though retail investors wait for buying\n$TNODE tokens as much as they can? Can you provide the token emission schedule?<\/strong><\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> the biggest allocation for tokens is dedicated to\nrewards<\/p>\n\n\n\n<p>some 45%<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> How we will be able to get rewards?<\/p>\n\n\n\n<p>What users need to do?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> with a very limited amount of circulating supply\nwhich will allow early adopters to get rewards for their ealy support and\nadoption<\/p>\n\n\n\n<p>by delegating,\nparticipating in the governance, staking in the vaults and providing liquidity<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> That&#8217;s nice! True crypto<\/p>\n\n\n\n<p>Gotcha &#x1f44d; now we\nhave more incentives to use your platform<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> at listing there will be a max supply of 6% which\nis unlocked and the private investors are buying at the same price as the price\nof the listing<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Will investor&#8217;s tokens be locked?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> the team is locked into the project for 12 months\nbefore they can recieve any distribtuions which they are linearly unlocked over\nthe subsequent 24 months<\/p>\n\n\n\n<p>yes. the investors get\n5% unlock at listing and then have to also wait 12 months before a 24 month\nlinear unlock<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> Awesome this is great\nindeed for your token<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> private sale price = pre sale price = public sale\nprice<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Can you tell us more details about\npublic sale?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> yes we&#8217;re looking at public sale on DEX<\/p>\n\n\n\n<p>on uniswap and\nsushiswap at first in the first half of November<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> We will follow your updates for more\ninfo&#x1f600; and of course don&#8217;t forget to share with us when everything will\nbe ready for the sale<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> yes please do<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Thank you for your answers! Ready to\nproceed?&#x1f600;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> you can follow us on Twitter, Medium and Telegram\ngroup for all the updates<\/p>\n\n\n\n<p><a href=\"https:\/\/trustednode.io\">https:\/\/trustednode.io<\/a><\/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\/Trustednode?ref_src=twsrc%5Etfw\">Tweets by Trustednode<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Sure &#x1f44d;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> <a href=\"https:\/\/t.me\/trustednode_io\">https:\/\/t.me\/trustednode_io<\/a>\n<\/p>\n\n\n\n<p>Medium:&nbsp; <a href=\"https:\/\/trustednode.medium.com\/\">https:\/\/trustednode.medium.com\/<\/a>\n<\/p>\n\n\n\n<p>just thought I&#8217;d get\nall the links in here<\/p>\n\n\n\n<p>hope that&#8217;s not too\nhard core :))<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> Thank you for\nsharing.. &#x1f44f;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> we just want to communicate through these channels\nonly<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> No, that is what we need)<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> Ready for next\nQuestion?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> yes please<\/p>\n\n\n\n<p><strong><em>Q2 from Telegram User\n@Jmagsss<\/em><\/strong><\/p>\n\n\n\n<p><strong>Trusted\nNode will be interacting with several PoS networks from various blockchains and\nnetworks to maximize yields and staking rewards. For its initial release, what\nare the staking pool that will featured your platform? Also, it would be nice\nif the community can decide on what pool shall be on the platform so, can the\ncommunity propose on what pool shall be featured next?<\/strong><\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> We are focusing our efforts around the Cosmos and\nPolkadot ecosystems.<\/p>\n\n\n\n<p>Cosmos (DVPN, IRIS,\nREGEN, CRO<\/p>\n\n\n\n<p>Polkadot (Nodle, KSM,\nHydraDX, Moonriver)<\/p>\n\n\n\n<p>In addition we will\nsupport other major blockchains are also looking to add Cardano, Avalanche,\nPolygon, Terra, Solana and maybe others.<\/p>\n\n\n\n<p>we want the community\nto tell us which ones we should focus on next.<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Any plans to add Rowan, Osmo, Juno?&#x1f600;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> By staking TNODE and becoming a DAO member, users\nwill be able to boost their yield and earn $TNODE in addition to their\nDelegation rewards.<\/p>\n\n\n\n<p>yes we&#8217;ve already\nreached out to Osmosis, that&#8217;s a cool project with great UX too<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club: <\/strong>Cool! Full of rewards platform &#x1f600;<\/p>\n\n\n\n<p>Awesome! &#x1f44d;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> Rowan and Juno are on our list now and would love\nan introduction should you be able<\/p>\n\n\n\n<p>i would much appreciate\nthat<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> We will see what we can do&#x1f600;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> thanks<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> So, to stake on your platform what i\nneed to do? Can i connect for example with keplr wallet and stake?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> yup and you can do that right away already today<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Which wallets do you support?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> we support Keplr today<\/p>\n\n\n\n<p>we will support\nterrastation and then Metamask for now<\/p>\n\n\n\n<p>polkadotjs will be\ncoming soon<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> Great choices..<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Gotcha! Awesome! Easy to stake!<\/p>\n\n\n\n<p>Thank you for your\nanswers! Ready to jump to the next question?&#x1f525;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> yes please<\/p>\n\n\n\n<p><strong><em>Q3 from Telegram User\n@RuthPius<\/em><\/strong><\/p>\n\n\n\n<p><strong>In\nyour website, You talked about \u201cBringing non-custodial liquid staking to\nProof-of-Stake networks\u201d. I must say, I am familiar with Stalking but the term\n\u201cLiquid Staking\u201d is new and unfamiliar to me and I will like to know more about\nwhat this term entails. So please can you use this opportunity to school us on\nwhat Liquid staking is all about? How is it similar or different to regular\nstaking? Are there any pros or cons users should know before getting involved\nin Liquid Staking? And please can you also give us a detailed explanation on\nthe Custodian and Non-custodian Liquid Staking mentioned in your website?<\/strong><\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> that&#8217;s a loaded question<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Take your time &#x1f600;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> liquid staking is that you keep your base capital\nwhich can still be earning you the PoS rewards. while you at the same time you\ncan recieve a derivative representing your base capital which you again in turn\ncan use for locking in various defi products, vaults or even trade and use as\ncollateral<\/p>\n\n\n\n<p>freeing up your base\ncapital while still earning rewards and potentially stacking your yield<\/p>\n\n\n\n<p>we will be having a set\nof vaults that we are building to offer you additional rewards for your\nderivative token<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Can you explain on simple example for\nthose who are new in cryptospace<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> ok you stake your ATOM<\/p>\n\n\n\n<p>you earn 8% PoS APY\nrewards<\/p>\n\n\n\n<p>say you staked 10 ATOM\nyou will recieve a derivative representing&nbsp;\nthese 10ATOM in the form of a new token which we call tATOM<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Wow&#x1f600;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> the 10 ATOM and the 10 tATOM are 1:1 exchangeable<\/p>\n\n\n\n<p>then you can use this\ntATOM to stake in our vaults to earn additional yield and rewards.<\/p>\n\n\n\n<p>we call this last\nparagraph yield stacking<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Any risks?&#x1f600; Because i almost\npressed unstake button &#x1f923;<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> &#x1f602;..<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> that&#8217;s what we want<\/p>\n\n\n\n<p>with staking there is\nno real underlying risk on the staking portal, other than possibly slashing or\nif we have down time<\/p>\n\n\n\n<p>btw there will be no\nneed for you to unstake and wait the 21 days for unbonding, we will ahve a new\nfeature soon<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Unbelievable &#x1f923;<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> At the moment how many\nVaults do you have?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> we will enabe a seemless transition of your staked\nfunds from other validators to tnode<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Excellent system, my applouds &#x1f44f;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> atm our vaults aren&#8217;t live, they are completing\ntheir security audit. The vaults will launch with the tokens first half of\nnovember<\/p>\n\n\n\n<p>and ooooh btw we are\nadding an insurance feature just in case to provide our users with an added\nlevel of security and comfort<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> What Vaults do you\nintend to launch with?<\/p>\n\n\n\n<p>Great.. &#x1f601;..\nwill this insurance be for all Users?<\/p>\n\n\n\n<p><strong>Stefan\nRust: <\/strong>we&#8217;re starting with liquidity vaults with our token\nlaunch for the TNODE token<\/p>\n\n\n\n<p>at the beginning we\nwill be insuring for the whole network and further down the road we will then\nbe adding a feature where each user can choose from a set of insurance policy\nfor themselves<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> Awesome this is\nGreat.. &#x1f44f;<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Thank you, Stefan for your answers!\nReady to go to the next question?&#x1f600;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> yes please<\/p>\n\n\n\n<p><strong><em>Q4\nfrom Telegram user @victorogb&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/em><\/strong><\/p>\n\n\n\n<p><strong>With\nProof of Stake networks, validator nodes are vital to the integrity and overall\nhealth of the network. With such importance attached to their duties, can you\nlet us know how TrustedNode chooses it\u2019s validators, what are your basic\nrequirements, and are there any fundamental technical and hardware\nrequirements? Also, judging from the tasks of these validators, how does\nTrustedNode reward high performing validators?<\/strong><\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> We agree that securing the blockchain will be a crucial\nrole for trusted node as a validator<\/p>\n\n\n\n<p>We want to work with\nthe protocols to maintain the software, secure uptime and support with rapid\nupgrades turnarounds and patch-fixes<\/p>\n\n\n\n<p>once our snapshot.org\npage is live and integrated we can include recommendation from the community.<\/p>\n\n\n\n<p>until then though we\nchoose the networks based on a mix of activities including<\/p>\n\n\n\n<p>Team strategy and\npositioning,<\/p>\n\n\n\n<p>infrastructure and\nresources requirements balanced against expected return and yield<\/p>\n\n\n\n<p>developer activity and\ncommunity engagement<\/p>\n\n\n\n<p>business development\nskills, partnership and ecosystem contributions<\/p>\n\n\n\n<p>and finally expected\nvolume and transactions on the network<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> I even don&#8217;t know what to add, because\ni see a lot of sense in your words&#x1f600; it&#8217;s excellent point of view and\nstrategy<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> You are looking out\nfor very important Things.. &#x1f44f;<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Stefan, thank you for your answers!\nReady to proceed?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> yes<\/p>\n\n\n\n<p><strong><em>Q5 from Telegram User\n@DK177<\/em><\/strong><\/p>\n\n\n\n<p><strong>You\nhave mentioned that DAO members who have their TNODE in escrow may be eligible\nto a portion of the fees paid to Trusted Node. My question is, how do you\ncalculate the portion of the fees which will be distributed to each member?\nPlease explain if there are any requirements for DAO members to fulfill to\nreceive a better share. Further, please let us know what type of fees do you\nconsider for this distribution. Are all the fees included or do you allocate a\nportion from a specific fee?<\/strong><\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> we are still working on the final calcuations and\ndistributions. we will communicate that as they become a part of the operating\nmodel<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Ok, but you already know what fees will\nyou have on your platform?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> It will be rewarding to be a DAO member<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> Yeah.. it will you&#8217;ve\ngot Alot of plans for that<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> part of it will be comissions should we decide to\ncharge for those and we will have a minimal tx fee when engaging with the\nvarious smart contracts on trusted node<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Gotcha! &#x1f44d;<\/p>\n\n\n\n<p>Thank you for your\nanswers! Ready for the 6th and last question from this part?&#x1f680;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> bring it on<\/p>\n\n\n\n<p><strong><em>Q6 from Telegram User\n@Orlemys<\/em><\/strong><\/p>\n\n\n\n<p><strong>I\nrealized that your app has already launched, so instead of asking you about the\ntechnicals aspects of your platform, I would like to ask about the results your\ncommunity has gotten. How many active users are currently using your vaults,\nand how much value have they generated? Are there any penalties from staking or\nlocked periods? Do you think those who staked for a short time were satisfied?\nHow do you listen to community feedback and why should I be a user of this\nplatform?<\/strong><\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> currently there is $9m staked in the nodes\nsupported by trusted node<\/p>\n\n\n\n<p><strong>Mary\n| Satoshi Club:<\/strong> Nice beginning &#x1f44d;<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> there as specific native chain requirements that\nour users will need to adhere to<\/p>\n\n\n\n<p>they vary from chain to\nchain<\/p>\n\n\n\n<p><strong>Jonah\n&#x1f3c5;&#x1f3b9; | Satoshi Club:<\/strong> How many nodes are\nthey all together?<\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> &nbsp;so far we\nare getting good feedback from our users<\/p>\n\n\n\n<p>and we listen to them\nthrough our channels that I shared above. We will be formalizing more of this\ninteraction as we develop our governance model and build out our snapshot.org\ninterface<\/p>\n\n\n\n<p>1 validator node per\nchain for now<\/p>\n\n\n\n<p>so 5<\/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\nusername<\/em><\/strong> <strong><em>@Arisabela<\/em><\/strong><\/p>\n\n\n\n<p><strong>Many\nof the benefits that are reflected in your products are for your DAO members,\nso I would like to inquire about that, what your governance system consists of\nand how can someone be part of it? Is it necessary for DAO members to also be\nstakers or can they receive passive income in other ways?<\/strong><\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> You can use our platform without being a DAO member\nand earn basic PoS rewards.<\/p>\n\n\n\n<p>However you can become\na DAO member by staking our TNODE governance token.<\/p>\n\n\n\n<p>DAO member have yield\nboost and voting power in the Trusted Node platform as well as in all the\nchains we have listed. In other words, cross-chain governance.<\/p>\n\n\n\n<p><strong><em>Q2 from telegram\nusername @victorogb<\/em><\/strong><\/p>\n\n\n\n<p><strong>What\nwould be your immediate and long-term strategies for a bigger and more engaging\ncommunity of members and investors?<\/strong><\/p>\n\n\n\n<p><strong>JST:\n<\/strong>We\nare partnering with a lot of projects \/ blockchains in order to attract a\nbigger audience and grow our user base.<\/p>\n\n\n\n<p>Not only this, but the\ninnovative staking features we are \/ will be offering will definitely bring a\nlot of users to trusted node.<\/p>\n\n\n\n<p>Imagine using your\nfunds and getting dual rewards and dual governance powers<\/p>\n\n\n\n<p><strong><em>Q3 from telegram\nusername @Kushal85127939<\/em><\/strong><\/p>\n\n\n\n<p><strong>Have\nyou guys consider Auditing TrustedNode Smart contract to ensure safety &amp;\nsecurity of users? When we can expect announcement of Audting of smart\ncontract?<\/strong><\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> yes as mentioned, our vaults are undergoing smart\ncontract audit with Obelisk and this has been publicly anounced as well. this\nwill conclude very soon so that we can start offering secure and safe vaults to\nour users.<\/p>\n\n\n\n<p>OUr insurance partner\nis also reviewing the audit and our vaults as well<\/p>\n\n\n\n<p><strong><em>Q4 from telegram\nusername @Gen_Block<\/em><\/strong><\/p>\n\n\n\n<p><strong>Partners\nare fundamental and can not be separated from&nbsp;\na project when we want it success. Can you mention powerful partners who\nwork with TrustedNode in developing the project? And Why did you choose to\ncollaborate with them?<\/strong><\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> we are working with Tavis Digital as they have\nexperience in blockchain as well as deep relationship with investors and other\nfinancial services industry as a fund manager<\/p>\n\n\n\n<p>we are also partnering\nwith software developer autonio to ensure we work with good developers with\ndeep blockchain network, understanding and skills around developement<\/p>\n\n\n\n<p>we have a number of\nadditional partners we will be adding to this list along with companies like\nobelisk for vault audits and ensuring our security<\/p>\n\n\n\n<p>insurance partnerships\nwill be coming as welll<\/p>\n\n\n\n<p><strong><em>Q5 from telegram\nusername @highpee<\/em><\/strong><\/p>\n\n\n\n<p><strong>Hello\nStefan&#x1f64b;&#x200d;&#x2642;&#xfe0f;<\/strong><\/p>\n\n\n\n<p><strong>In\nmost cases, once someone staked asset, the asset is locked and ILLIQUID. But\nyou said you will have LIQUID STAKING that will ensure users can still earn\nprofit from their assets even when it is staked. How will it be possible for\nusers to earn when their asset are staked? Will you give them a temporary\ntoken? <\/strong><\/p>\n\n\n\n<p><strong>&nbsp;Sunny: <\/strong>we will provide our\nusers with a derivative token with the base capital remaining untouched and\nearning yield. the derivative token can then also be used to &#8220;stack&#8221;\nadditional yield by providing liquidity, using it in DeFi or even as a\ncollateral<\/p>\n\n\n\n<p><strong><em>Q6 from telegram\nusername @NAZMP2<\/em><\/strong><\/p>\n\n\n\n<p><strong>Is\nit true that Trusted Node presale will be held in November? Is there a certain\nschedule for this? What is the best way for us to get involved with the\nPresale?<\/strong><\/p>\n\n\n\n<p><strong>@srust99\n@NicSpu<\/strong><\/p>\n\n\n\n<p><strong>JST:\n<\/strong>We\nare indeed having our presale early November. <\/p>\n\n\n\n<p>We are currently\nfinalizing everything with the launchpad and we will release all the details in\nour telegram group.<\/p>\n\n\n\n<p>Right after, we will\ncreate our pair on uniswap and launch to the public.<\/p>\n\n\n\n<p>Remember that private\nsale price = presale price = public launch<\/p>\n\n\n\n<p><strong><em>Q7 from telegram\nusername @Rakshhitx5<\/em><\/strong><\/p>\n\n\n\n<p><strong>Why\ndid you choose Polkadot for coin integration with Staking Portal? Is PolkaDot\nbetter than all others available in the market?<\/strong><\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> we chose cosmos and polkadot as they are buidling\nour their network bridging mutliple layer 1 chains through &#8220;zones&#8221; or\nthrough &#8220;parachains&#8221;. Each of these chains have a need for validators\nand their infrastructure don&#8217;t vary too much while working with a consistent\nframework and standard set for consistency as a fundamental level<\/p>\n\n\n\n<p>this allows us to be a\nbit more efficient in our node maintanance and management<\/p>\n\n\n\n<p>they also both believe\nin crosschain future which is what we believe in as well<\/p>\n\n\n\n<p><strong><em>Q8 from telegram\nusername @Nhairym<\/em><\/strong><\/p>\n\n\n\n<p><strong>Why\ndo you consider that users are losing their participation rewards through\nexchanges, how can they regain ownership of the tokens, can their nodes be\napplied to external Trusted projects or are they for their exclusive use?<\/strong><\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> you have your crypto assets on an exchange, the\nexchange itself in order to provide you the trading capability need to host\nnodes.<\/p>\n\n\n\n<p>So the CEX use the\ncapital locked in their customers accounts to lock into validator nodes and\nearn the rewards<\/p>\n\n\n\n<p>these rewards only\nrecently have begun to be shared by certain exchanges with the users. In the\npast this was not the case<\/p>\n\n\n\n<p>also as you experience\ntoday when a network offering airdrops take a snapshot to share tokens with\ntheir holders, the CEX wallets are reflected in that snapshot which are holding\nyour crypto assets. These wallets can claim the rewards, which in turn aren&#8217;t\nalways (or very seldom) are passed on to their users<\/p>\n\n\n\n<p>some CEX are good\nexamples, but they are surely in the minority<\/p>\n\n\n\n<p>we want you to get all\nthe rewards for you assets and airdrops too<\/p>\n\n\n\n<p><strong><em>Q9 from telegram\nusername @adaatalay<\/em><\/strong><\/p>\n\n\n\n<p><strong>I\nread on your Trusted Node website that $TNODE token holders can increase their\nverification reward. How will you encourage me as the owner of $TNODE? Will I\nhave a vote in my governance?<\/strong><\/p>\n\n\n\n<p><strong>Sunn:\n<\/strong>We\u2019re\nbuilding a product for the people and we\u2019re looking for the community to tell\nus how to develop the product over time. We believe that thanks to the\ntokenomics users are now also shareholders. Whereas in the past these have\nalways been two separate constituents providing huge conflict at the product or\nbusiness level. Whereby unfortunately the user always seems to lose out as we\nhave been educated to focus on \u201cshareholder value\u201d not customer value<\/p>\n\n\n\n<p>We believe the DAO\naligns the interest<\/p>\n\n\n\n<p>So therefore not only\nwill TNODE holders be able to participate in the governance of Trusted Node,\nthey will also be able to participate in the governance of the underlying\nblockchains through their ownership of TNODE and the voting power of Trusted\nNode thanks to the funds delegated to protect and secure the respective\nblockchain.<\/p>\n\n\n\n<p><strong><em>Q10 from telegram\nusername @Pratze<\/em><\/strong><\/p>\n\n\n\n<p><strong>i\nread that TrustedNode.io already live and we possible to start earning from\nyour platform, but i still confuse about how to stake, do you have any guide or\narticle about how to start for new user ? what is the minimum requirement to\nstart?<\/strong><\/p>\n\n\n\n<p><strong>Stefan\nRust:<\/strong> you can find simple user guides in our medium page\nto help simplify this process for you<\/p>\n\n\n\n<p>here is an example<\/p>\n\n\n\n<p><a href=\"https:\/\/trustednode.medium.com\/how-to-delegate-iris-iris-on-trusted-node-using-your-keplr-wallet-998345519c21\">https:\/\/trustednode.medium.com\/how-to-delegate-iris-iris-on-trusted-node-using-your-keplr-wallet-998345519c21<\/a><\/p>\n\n\n\n<p>how to delegate IRIS\nusing the Keplr wallet<\/p>\n\n\n\n<p><a href=\"https:\/\/trustednode.medium.com\/how-to-delegate-atom-cosmos-on-trusted-node-using-your-keplr-wallet-1712db4754c7?source=follow_footer-----998345519c21----0----------------------------\">https:\/\/trustednode.medium.com\/how-to-delegate-atom-cosmos-on-trusted-node-using-your-keplr-wallet-1712db4754c7?source=follow_footer&#8212;&#8211;998345519c21&#8212;-0&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-<\/a><\/p>\n\n\n\n<p>here how to delegate\nATOM|<\/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:\n&nbsp;<a href=\"https:\/\/t.me\/trustednode_io\">https:\/\/t.me\/trustednode_io<\/a>\n<\/p>\n\n\n\n<p>Twitter:\n<a href=\"https:\/\/twitter.com\/Trustednode\">https:\/\/twitter.com\/Trustednode<\/a> <\/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 TrustedNode and our guests were @NicSpu @Gniar and @srust99. The AMA took place on 21 October. The AMA session was divided into 3 parts with a total crypto reward pool [&hellip;]<\/p>\n","protected":false},"author":66,"featured_media":13543,"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\/13593"}],"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=13593"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/13593\/revisions"}],"predecessor-version":[{"id":13600,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/13593\/revisions\/13600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/13543"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=13593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=13593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=13593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}