<\/p>\n\n\n\n
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 HYVE and our guest was @tstomff. The AMA took place\non 22 October.<\/p>\n\n\n\n
The\nAMA session was divided into 3 parts with a total crypto reward pool of 500$ <\/p>\n\n\n\n
In\nthis AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Gold\nRocket | Satoshi Club:<\/strong> We are greetings you again, our\ndear Satoshi Clubbers! We are pleased to announce AMA with HYVE.<\/p>\n\n\n\n Today our guest is @tstomff 😊<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> Hello @tstomff welcome\nto Satoshi Club<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Hey guys, it’s a pleasure to be here, I’ve heard\nfrom several friends that their Satoshi CLUB AMA was the best they’ve had so\nI’m excited for today<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> We are super Excited\nand Glad to have you here 😊<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Nice to e-meet you ❤️<\/p>\n\n\n\n Thanks for your kind\nwords ☺️<\/p>\n\n\n\n We really appreciate it😍<\/p>\n\n\n\n Thanks for joining!<\/p>\n\n\n\n Let’s start! Introduce\nyourself please. How did you get to be involved in crypto & HYVE<\/p>\n\n\n\n Tell us please about\nyour position in HYVE<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Hi guys my apologies for the delay, I have some\nconnection problems and the message I wrote didn’t get sent let me rewrite it\nplease<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Take your time please😊<\/p>\n\n\n\n Tudor\nStomff:<\/strong> So I have been in the industry since 2013, having\nbeen introduced to Bitcoin and everything by one of my good friends, Dragos; who\nwas actually here a few days ago from what I remember. In addition to that, I\nhave been a tech entrepreneur for most of my life and at some point around 2017\nthese two areas of my life started intersecting each other and eventually\nmerged as I started focusing my time and energy on building blockchain\nstartups. <\/p>\n\n\n\n Our first startup in\nthe industry was Bountyhive, which eventually became one of the largest\nmarketing agencies in the industry with a portfolio that comprised over 200\nclients, including names such as Waves and Pundi X just to name a few.\nBountyhive also had its own platform, where users could solve micro-tasks, i.e.\ntwitter shares, writing an article, doing a translation etc and in return get\nrewarded with some tokens, basically bounties. The platform grew to over\n200,000 users within a year and a half and so that’s where the idea of HYVE\noriginates from.<\/p>\n\n\n\n HYVE is a lot more than\nthat, but we’ll touch on that later. To answer the second question, I am a\nco-founder, along with Dominic, our CTO, who has been my co-founder in\nBountyhive and all the other things we’ve worked on in the last 10 years and\nBrad, our CSO who has been with us for 4 years now. Brad is also a successful\nentrepreneur with several exits, having been a VC as well for a while. Brad\nstill runs a company now as well. <\/p>\n\n\n\n As for my role, it’s\nthat of CEO, meaning I make sure that things are delivered on time and with\ngood quality and have the overall outlook of the different departments in our\ncompany and make sure they work well together.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Wow! great background! you are an\nearly bird😁🔥🔥🔥<\/p>\n\n\n\n Give us a brief\nintroduction to the project. What is the essence of HYVE.<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Haha, I have Dragos to thank for that, but yeah\nit’s been quite an amazing journey since first joining<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> All of us, like Alice, dive down\nthe crypto rabbit hole and live in this amazing adventure 😍<\/p>\n\n\n\n Tudor\nStomff:<\/strong> In one phrase; HYVE is a cross-chain protocol that\naggregates every kind of service or goods in one single directory.\nSimultaneously, HYVE is open infrastructure for anyone who wants to build a new\nservice platform, a new marketplace or generally speaking a new blockchain\nplatform. <\/p>\n\n\n\n In one sentence; HYVE’s\nfirst application, is the Amazon of work. As for the HYVE Ecosystem, it’s\nshopify for blockchain platforms. <\/p>\n\n\n\n I’m making a difference\nbecause HYVE is an ecosystem, on which you can build things. To showcase some\nof the things you can build on HYVE, we’ve build a cross-chain collaboration\nprotocol and aggregator. <\/p>\n\n\n\n This means that the\ncollaboration app can handle anything from tasks, contests, competitions,\noffers, bounties, scholarships, grants and sponsorships in one place. The app\nis actually live but we’ve only had our first deploy from a longer series, but\neverything I’m talking about is planned to be deployed before EOY or in Q1\nlatest.<\/p>\n\n\n\n As an example of\ncompanies you can build on top of HYVEs infrastructure, think about things like\nUber, Airbnb or Foodpanda.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> You have really ambitious\nrevolutionary ideas!👏👏👏<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Most importantly, everything that HYVE as an\necosystem does, revolves around the $HYVE token, adding not only tremendous\nuse-case with built-in game theoretical incentives but also ensuring that a\nproper token economy is established within the ecosystem which in turn\ngenerates value for the protocol and ecosystem as a whole.<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> This is impressive 👏<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> We would also like to hear from\nyou about the team. Who is at the core of the team and helps bring your ideas\nto life.<\/p>\n\n\n\n sounds amazing.🔥<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Sure. We have quite an extensive team at this\npoint, let me try to do a short breakdown:<\/p>\n\n\n\n Executives: 5 people;\nDominic, our CTO who takes care of tech, Brad our CSO who helps us with advice\nand strategizing things, Anca our CMO who handles the marketing department,\nAdrian our CFO who takes care of finances and then myself. <\/p>\n\n\n\n Design Department; 3\npeople; Hrant is the creative director who takes care of one UI\/UX designer and\none jr. designer.<\/p>\n\n\n\n Marketing Department;\n14 people without the CMO; Anca leads the team which is composed of 1\ncopywriter, 1 Advertisement Specialist, 1 SEO specialist, 5 team-members, and 6\ncommunity managers<\/p>\n\n\n\n Operational Department;\n6 people; Alexandra leads the department, they take care of everything from\noffice supplies, getting new laptops, invoices etc. The department has our\nOffice Manager, Petronela and 4 other members.<\/p>\n\n\n\n Development Department;\n25 people; We have 7 blockchain developers, 5 back-end developers, 4 front-end\ndevelopers, 2 web3 specialists, 4 mobile developers and 3 project leaders<\/p>\n\n\n\n We also have 4\nadvisors; Zac Cheah, the CEO of Pundi X, David Orban, Tony or JRNY Crypto and a\nhidden advisor we haven’t announced yet but that I’m sure everyone will love.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Wow! Real dream team🔥🔥🔥<\/p>\n\n\n\n Is your team anonymous?<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Not at all, we’re all public and have been public\nfor quite a while.<\/p>\n\n\n\n Finding most of us is\none google search away actually<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thanks for great introduction, we\nhave several questions which were selected for the 1st part. Ready to start?😊<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Sure, let’s do this<\/p>\n\n\n\n Q1 from Telegram User\n@Pavel_Jarosh<\/em><\/strong><\/p>\n\n\n\n Let\u2019s\ntalk about Hyve Protocol Verified Tasks \u2014 you state that due to their nature,\ntasks using the HYVE Protocol are selfverifying entities. The task issuer\ncreates the task, ties an identifier to it and then implements the HYVE\nProtocol Framework in his environment. As soon as any of the task fulfillers\ncompletes the task conditions,<\/strong><\/p>\n\n\n\n the\nsmart contract is notified, validating the entry. Here appeares the first\nquestion: how long does it take for the creator to complete its manipulations?\nDepending on the task complexity it might be even more difficult to create them\nthan to check personally? Is it also possible to create the verification list\n(as draft) for the same tasks in future? Thank you!<\/strong><\/p>\n\n\n\n Tudor\nStomff:<\/strong> Adding the HYVE Framework to your app or protocol\nis a straight forward process that can be completed by any developer regardless\nof seniority. The process of implementing it is similar to analytics or\ndebuging modules like sentry. <\/p>\n\n\n\n After each event that is\nrelevant to the job you posted (onboarding finished, driver arrived at\nlocation, any event which can be measured objectively) you add the line of code\nthat notifies the HYVE Framework, which does the rest of the work. <\/p>\n\n\n\n Connecting your app to\nthe protocol is the only step needed for your job to function. And as for\nreusing, there is no need, implementing the protocol for a new task \/ new\nverification is just a few lines away.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> it looks simple and elegant\nenough. do you have any beginner guides?<\/p>\n\n\n\n Tudor\nStomff:<\/strong> We will be posting a full documentation for the use\nof the HYVE Framework when the APIs and everything will become public, which\nstill hasn’t happened but will happen soon enough. We’re just taking things one\ndeploy at a time.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Step by step. This is a very\ncorrect rule of life.😁<\/p>\n\n\n\n And now it’s time for\nthe second question! And many thanks for the detailed answers. 😊<\/p>\n\n\n\n Q2 from Telegram User\n@Emnking<\/em><\/strong><\/p>\n\n\n\n During\na recent AMA you conducted with Kucoin, you stated that in the third and fourth\nquarter of 2021, Hyve\u2019s main focus will be the onboarding of companies that\nwant to build on HYVE and\/or use HYVE directly. You also mentioned that you\nwill also be offering some Grants for great projects that build on top. How far\nhas this process been? So far, what are the companies that have invested in\nHyve and are using Hyve directly? As regards the Grants, what will be the\ncriteria a project or company ought to possess before getting this grants? How\ndo you plan on distributing this grants to eligible companies and projects?<\/strong><\/p>\n\n\n\n Tudor\nStomff:<\/strong> Yes we will be offering grants through a Hackathon.\nWe will be releasing more information about our first Hackathon within this\nquarter. As for the criteria, you will need to build something useful on top of\nthe HYVE Ecosystem and have a team capable of bringing that idea to fruition. <\/p>\n\n\n\n We already have a\npartner for organizing our hackathons which is well-known and trusted by people\nall over the world, though we haven’t released that information yet so please\nwait a bit to find out all the details. But yes we will be holding them and\neveryone with a cool idea who is able to build it will be able to participate.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> you intrigued us very much. and we\nwill really wait for this news from HYVE🔥<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Thank you, I’m glad to hear a community of this\nlevel values our project<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> How will you verify\nthe team and projects<\/p>\n\n\n\n Tudor\nStomff:<\/strong> The team and projects will be verified by a board\nof people in collaboration with the hackathon organizer<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> Great<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> thanks a lot for the answers<\/p>\n\n\n\n \u0410re you ready for the\nnext question?<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Sure<\/p>\n\n\n\n Q3 from Telegram User\n@yellowchamp<\/em><\/strong><\/p>\n\n\n\n One\nof the upcoming plans of Hyve is providing a grants, scholarships, and a sponsorship\ncategories that includes sportsmen. So,with this upcoming plans of yours,how\ncan anyone be eligible to apply scholarship in your platform? As you provide\ngrants, scholarship and sponsorship,do you have any collaboration like schools\nor company that will help you realize your upcoming plans? Would you give some\noverview what kind of scholarship and grant you are offering and who will be\nthe person that you are aiming to avail this scholarship and grant? Thank you<\/strong><\/p>\n\n\n\n Tudor\nStomff:<\/strong> Sure, I think this has been a bit misunderstood.\nThere are 2 cateogories:<\/p>\n\n\n\n 1. HYVE will be\noffering some grants to developers for building on top of the ecosystem. This\nwill be done through our partner which is soon to be announced.<\/p>\n\n\n\n 2. HYVE will offer\ncollaboration methods which include grants, scholarships and sportsmen. <\/p>\n\n\n\n What this means is\nthat:<\/p>\n\n\n\n a) Universities will be\nable to find great students to offer scholarships through HYVE. Companies,\nResearch Institutions and Individuals can choose to do the same if they want\nto. <\/p>\n\n\n\n b) People will be able\nto offer sponsorships to atheletes, singers, youtubers etc in return for them\nwearing the brand or something similar.<\/p>\n\n\n\n c) The same as above\nbut with grants. For example Avalanche could reward some of their grants\ndirectly through HYVE and make the whole process easier.<\/p>\n\n\n\n Tudor\nStomff:<\/strong> People will be able to use HYVE to interact with\neach other in almost every possible way. Making collaboration between people\ntruly borderless and easy in all possible regards.<\/p>\n\n\n\n That’s why we are\nfocusing on adding additional collaboration methods. Grants, Sponsorships and\nScholarships are just some of the collaboration methods we’ll be adding in the\nvery near future. There will be more over time.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thank you very much for sharing.\nand for a detailed answer! are you ready for the next question?<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Of course<\/p>\n\n\n\n Q4 from Telegram User\n@Jmagsss<\/em><\/strong><\/p>\n\n\n\n What\nI like on your platform is your feedback mechanism and its underlying features.\nHyve allows users to rate and send feedback to one another after an\nexchange\/transaction. Furthermore, any disputes and concerns about the feedback\nshall be tackled on Hyve\u2019s courtroom or \u201csub-courts\u201d. How does Hyve process\neach disputes? Is there a third-party entity within this courtroom to promote\nfairness?<\/strong><\/p>\n\n\n\n Tudor\nStomff:<\/strong> Yes. For now, we will be handling all disputes\nthrough Kleros, which is specialized in arbitration and we like their product a\nlot. Over time, we will have our own in-house solution for this.<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> How does kleros help\nyou handle this?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> By the way, please share your\nroadmap with Satoshi Clubbers.😊<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Well they have built an entire ecosystem around it\nwhich is based upon game theoretical principles and schelling points. Here is a\nshort article by Naval which goes over schelling points. This should make it\neasier for everyone to understand how Kleros works: https:\/\/nav.al\/schelling-point<\/a> <\/p>\n\n\n\n That’s one of the basic\nprinciples behind the Kleros arbitration.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Oh… Thanks for sharing ☺️<\/p>\n\n\n\n interesting ecosystem<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Sure. Until the end of this year we have quite a\nfew things prepared<\/p>\n\n\n\n – anounce a new advisor<\/p>\n\n\n\n – announce two new\nlistings<\/p>\n\n\n\n – release the API and\nits documentation<\/p>\n\n\n\n – finish the full\ndeployment of the HYVE App and have it live on at least 3 different\nblockchains, probably more<\/p>\n\n\n\n – continue adding\nfunctionalities to both our launchpad and the app; including being able to use\nthe launchpad to raise money in return for selling a portion of your\n“Hyve” and I mean the feature not the coin. In simple terms, similar\nto normal startup funding, but it can be for anything from a sports team to a\nmarketing agency or a tech startup that has chosen to organize as a DAO by\ncreating a Hyve which they govern between themselves and whoever else will be\njoining the Hyve in the future, such as people who buy shares in the Hyve. <\/p>\n\n\n\n – announce several\npartnerships<\/p>\n\n\n\n – on-board new\ncompanies, universities etc to use HYVE<\/p>\n\n\n\n – expand the team by\nanother ~5-10 people<\/p>\n\n\n\n + all of the normal\ndaily activities, marketing, operations, continuing to develop, updating\nwebsite, pitch deck, whitepaper etc<\/p>\n\n\n\n As for roadmap over 2\nyears, if that’s what you meant, that is quite packed to be perfectly honest, I\nthink we’ll make a separate document for it or something<\/p>\n\n\n\n And yes I’m ready for\nthe next question<\/p>\n\n\n\n Q5 from Telegram User\n@victorogb<\/em><\/strong><\/p>\n\n\n\n Reading\nthe HYVE whitepaper, I noticed an interesting mention of a special group of\npersons within the ecosystem, generally referred to as \u201cHyves\u201d. From\ninformation gotten, Hyves will almost certainly function as a DAO within your\nplatform. As this will be an important group on the HYVE platform, can you\ncarefully elaborate on the duties, privileges, functions and rights of the\nHyves? How can your users and community members become HYves, are there\nspecific requirements to met? Finally, since Hyves exercise a lot of influence\non platform operations, are these privileges and powers conferred on them based\non a tiered or rank structure?<\/strong><\/p>\n\n\n\n Tudor\nStomff:<\/strong> Yeah that’s exactly what I was talking about in my\nprevious message. And sure, I would love to elaborate. <\/p>\n\n\n\n Any two or more users\ncan choose to form a Hyve. A Hyve can be formed of users, or of other\nHyves, or of a mix between the two. A\nuser can even create a Hyve of which he owns 100%; because maybe he will give\nshares of his Hyve to other people, but just not yet. <\/p>\n\n\n\n Hyves are essentially a\nself-contained DAO within a larger DAO (The HYVE Ecosystem). These DAOs can\nfunction in whatever form they wish to. What that means is they can choose to\nsolve tasks, jobs or maybe they instead want to hire people to solve tasks for\nthem, since Hyves can have their own employees, without requiring that an\nindividual working with the Hyve needs to have shares. The people owning a\nHyve, can sell some of their shares, either through an offering on HYVE Launch\nor simply on a secondary market which we will build that is exclusive to Hyves\nthat want to become listed. <\/p>\n\n\n\n A Hyve is in essence a\ndecentralized startup. You can do with it as you wish. As long as the Hyve\ncasts a vote, and the shareholders of the Hyve agree, the Hyve can do as they\nsee fit. Naturally they have to respect the normal order of things and be\nlawful, but Hyves are completely self-governed, we only offer the necessary\ntools, what everyone does next is their own choice. As the old adage goes, you\ncan lead a horse to water but you can’t make him drink.<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Hyves are not limited to the HYVE Ecosystem either.\nYou can open a Hyve to handle the internal governance and have your activity take\nplace somewhere else. Though that is unlikely, since you could take care of\npretty much any activity you might need through HYVE directly.<\/p>\n\n\n\n HYVE is a global\ndirectory and a place where people get together and build cool stuff.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thanks for clarifying!<\/p>\n\n\n\n Please tell us how\nsecure is your platform? did you have any audits or plans for the future?<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Yeah, we’ve been audited by Certik and CyberUnit<\/p>\n\n\n\n As for security, we are\nan experimental piece of software, half of what we do has never been done\nbefore after all. Recently to make something in our architecture work we’ve\nactually had to come up with a new standard of doing things which we actually\nplan to implement and propose as a proper ERC standard which can be used by\nother people. Despite that, I believe we are as secure as a Dapp could be. We\nwill also try to evolve with the times and keep improving this.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> thanks for serious attitude to the\nissue of safety.<\/p>\n\n\n\n Thanks for detailed and\nhonest answers😊<\/p>\n\n\n\n Ready for the last\nquestion of this part?<\/p>\n\n\n\n Tudor\nStomff:<\/strong> Well you’ve been asking me all this time but I\ndon’t feel like we’re at the point of having a break yet<\/p>\n\n\n\n Let’s go for it haha<\/p>\n\n\n\n Q6 from Telegram User\n@Highpee<\/em><\/strong><\/p>\n\n\n\n Congratulations\nfor your MainNet that was released yesterday. Can you share with us updates\nfrom the MainNet launch and how the reception has been so far? I discovered\nthat some areas are still greyed out which means not all of your features are\navailable. So, I will like to ask which functions have been released and which\nof them are unavailable this launch? How long will it take for you to fully\nrelease all your features securely for public interaction? I also saw that your\nfirst cross-chain interaction is going to be with polygon. Why will you bridge\nwith polygon first? When will your cross bridge be ready and when will users be\nable to interact with your project across many chains?<\/strong><\/p>\n\n\n\n Tudor\nStomff:<\/strong> We have chosen to deploy features individually\nbecause that ensures a smooth process. All the greyed out features will be\navailable by the end of the year with some extra features as well. We have\nchosen Polygon first because of the low-fees and large number of users. We will\nbe bridging the platform to Polygon and BSC in November, most likely in the\nfirst half.<\/p>\n\n\n\n