<\/p>\n\n\n\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 Aladdin DAO and our guests were @JackGan1234 and @paulnakamoto. The AMA took place on 27 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
Mary | Satoshi Club:<\/strong> Hello \nSatoshi Club! We are happy to announce our AMA session with Aladdin DAO!\nWelcome to Satoshi Club😀<\/p>\n\n\n\n Our guests today are\n@shane199<\/p>\n\n\n\n @JackGan1234\n@paulnakamoto<\/p>\n\n\n\n Jonah 🏅🎹 | Satoshi Club:<\/strong> Welcome to Satoshi club guys 👏<\/p>\n\n\n\n Shane:<\/strong>\nHello everyone<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Welcome to Satoshi Club 👏<\/p>\n\n\n\n Paul Pounendis: <\/strong>👋<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Hello and welcome here 👍<\/p>\n\n\n\n Gary Gan:<\/strong>\nHello, I am Gary, nice to meet you all<\/p>\n\n\n\n Paul Pounendis:<\/strong>\nglad to be here<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Happy to e-meet you 😉<\/p>\n\n\n\n Let’s start our AMA 🚀<\/p>\n\n\n\n Could you please\nintroduce yourself and tell us more about Aladdin DAO😀<\/p>\n\n\n\n Shane:<\/strong>\nI am Shane, one of the contributors of Aladdin DAO,Let me introduce Aladdin DAO\nfor you😊<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Sure! Take your time ☺️<\/p>\n\n\n\n Shane:<\/strong>\nAladdinDAO is a joint effort of dozens of cryptocurrency investment\ninstitutions to launch a decentralized asset management marketplace, aiming to\nchange the existing model of venture capital through the mechanism design of\ncryptoeconomics and decentralized autonomous organization (DAO), incentivize\nDeFi participants to choose the best liquidity mining projects for community\nmembers, and solve the problem of information asymmetry in the DeFi investment\nfield.<\/p>\n\n\n\n and the founding\nmembers of AladdinDAO include Polychain, DCG, 1kx, Multicoin Capital, CMS,\nNascent, Alameda Research, DeFi Alliance, Robert Leshner, Kain Warwick, Hart\nLambur Alex Pack, Ashwin Ramachandran and Sharlyn Wu.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Are you a new project? How long did you develop\nAladdin DAO?<\/p>\n\n\n\n Shane:<\/strong> yes,we are new project,we have been prepared\nfor seven months,and our vision is to provide a one-stop shop for liquidity\nmining services. Using game theory, AladdinDAO builds a win-win marketplace\ninvolving DeFi projects, DAOs, and revenue farming participants, with DAOs\nscreening optimal DeFi projects for revenue farming participants while earning\ngovernance tokens from DAOs.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Sounds promising 🤗<\/p>\n\n\n\n Jonah 🏅🎹 | Satoshi Club:<\/strong> Yeah.. 👍<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Who are in your team? How many team members do you\nhave?<\/p>\n\n\n\n Gary Gan:<\/strong>\nOur team was build up with many of Defi experts<\/p>\n\n\n\n Shane:<\/strong>\nAladdinDAO is initially backed by a group of DeFi gurus who are the first\n“headhunters” of the DAO. These headhunters, fueled by incentives,\nwill build the initial talent structure of the DAO, known as the Boule\n(committee).<\/p>\n\n\n\n The AladdinDAO Boule\nserves as a world-class team of experts in the DeFi space, responsible for\nidentifying the most promising DeFi projects and allowing AladdinDAO community\nmembers to enjoy the rewards of its liquidity mining program.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Gotcha 👍<\/p>\n\n\n\n Gary Gan:<\/strong>\nIncluding many from institutions and individuals like Polychain, DCG, 1kx,\nMulticoin Capital, CMS, Nascent, Alameda Research, DeFi Alliance, Robert\nLeshner, Kain Warwick, Hart Lambur Alex Pack, Ashwin Ramachandran and Sharlyn\nWu.<\/p>\n\n\n\n Jonah 🏅🎹 | Satoshi Club:<\/strong> How many members does the Boule currently have?<\/p>\n\n\n\n Shane:<\/strong> Currently we have 12 core contributors and\nover 30 boule members<\/p>\n\n\n\n Jonah 🏅🎹 | Satoshi Club:<\/strong> 👍<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Wow! Nice numbers 👍<\/p>\n\n\n\n Thank you for your\nintro, guys!<\/p>\n\n\n\n We choose 6 questions\nfrom our community for the first part of our AMA 🚀 are you ready to\nanswer them?<\/p>\n\n\n\n Shane:<\/strong>\nyes,we can’t wait to answer them😆<\/p>\n\n\n\n Q1 from Telegram user @Orlemys<\/em><\/strong><\/p>\n\n\n\n \u201cFarm with DeFi Big Brains\u201d is Aladdin DAO\u2019s slogan.\nDoes this mean that this is a protocol meant for crypto\/farming experts or does\nit mean we get a top-notch platform that will raise said big brains? I am new\nto crypto, so it is important to me to know about these things since I do not\nwish to invest, and then understand nothing about the platform, so would you\nelaborate and explain how newbies like me can grow with your project?<\/strong><\/p>\n\n\n\n Shane:<\/strong>\nAs we said,the essence of AladdinDAO is a group of committee members,\nidentified as DeFi\u2019s first boule. Boule members are nominated by talent hunters\nand elected via decentralized governance by ALD token holders.<\/p>\n\n\n\n AladdinDAO is a social\nexperiment where the boule members compete to bring the best DeFi yields to the\ncommunity. Why would they share the best yield farms with the community?\nBecause boule members are rewarded the most when they find DeFi projects that\nbring the most profits to AladdinDAO\u2019s yield farmers.<\/p>\n\n\n\n Rewards come from ALD\ntokens generated through the protocol\u2019s liquidity mining program and are\nmeasured on a per epoch basis, ensuring that boule members are constantly\nresearching for new quality projects rather than sitting on the returns of\ntheir existing finds.Yield farmers could self-allocate any amount they choose\nto the vetted DeFi projects while also being incentivized with liquidity mining\nrewards<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Is your platform fully live now?<\/p>\n\n\n\n Shane:<\/strong>\nyes,we are fully live now<\/p>\n\n\n\n Jonah 🏅🎹 | Satoshi Club:<\/strong> So do this prospective boule members undergo any\nform of screening or verification after nomination before Election is done?<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> So, can you tell us that your experiment was\nsuccessful?😀<\/p>\n\n\n\n Paul Pounendis:<\/strong>\nYeah!<\/p>\n\n\n\n So the Boule council\nwas released a few weeks ago, and currently we are in our 2nd round of votes.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Cool!👍<\/p>\n\n\n\n Paul Pounendis:<\/strong>\nIn the first round, the Boule council voted for Lemma FInance to be integrated\ninto AladdinDAO. This integration will take a month or so, and then we will see\nthe full product in function!<\/p>\n\n\n\n Users will be able to\ninsert liquidity into Lemma through AladdinDAO dashboard, where other protocols\nwill also be listed.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> We will wait for the updates from you! Nice choice\nfrom the Boule Council 😀<\/p>\n\n\n\n Jonah 🏅🎹 | Satoshi Club:<\/strong> Eagerly waiting the full product function<\/p>\n\n\n\n Paul Pounendis:<\/strong>\nSo are we \ud83d\ude42<\/p>\n\n\n\n Q2 from Telegram user @Emidm28<\/em><\/strong><\/p>\n\n\n\n There are two tokens with different functions within\nthe AladdinDAO ecosystem, the first is the ALD token and the second the ALD\nPlus Token. What are the different use cases for each one? Why are there two\ntokens within the ecosystem instead of having a single token with both roles?\nWhich of the two tokens has the most important role within the ecosystem? Which\ntoken will determine the voting power of each member of the community?<\/strong><\/p>\n\n\n\n Shane:<\/strong>\nTo become a Boule Plus member,users need to stake 5000ALD token and get one ALD\nPlus token,the ALD Plus is only one for each address,then people can vote four\ntimes each month by holding ALD,and get rewards every two weeks if you made\nright choice.Holding ALD token don’t have right to vote.So it’s important to\njoin Boule Plus if someone want prove his brain power and getting deeply\ninvolved in community governance.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> How much is the cost of 1 ALD token?<\/p>\n\n\n\n Paul Pounendis:<\/strong>\nALDplus is a permissionless mechanism, it allows any community member to join\nthe vote 2 earn process similar to boule members.<\/p>\n\n\n\n 5000 ALD<\/p>\n\n\n\n Shane:<\/strong>\nthe price now is about $0.139<\/p>\n\n\n\n Paul Pounendis:<\/strong>\nYa so around $700 USD<\/p>\n\n\n\n