Serg | Satoshi Club: <\/strong>Hello! Our guests today are from @Unilayer<\/a>. Welcome to Satoshi Club!<\/p>\n\n\n\n Irina K. | @satoshi_club:<\/strong> @geotheog<\/a> is our guest today. Welcome and thanks for joining<\/p>\n\n\n\n Geo: <\/strong>Hi guys! thank you for having me <\/p>\n\n\n\n Irina K. | @satoshi_club: <\/strong>Also, @madamlobster<\/a> will help us today with the moderation of this AMA<\/p>\n\n\n\n ML | Satoshi Club: <\/strong>Nice to meet you @geotheog<\/a> !<\/p>\n\n\n\n Geo: <\/strong>Nice to meet you all!<\/p>\n\n\n\n ML | Satoshi Club:<\/strong> @geotheog<\/a> could you tell us a bit about yourself and how you got involved in crypto?<\/p>\n\n\n\n Geo: <\/strong>@madamlobster<\/a> Absolutely! I first got involved in crypto back in 2014 that’s when I started buying Bitcoin, I loved the idea of a decentralized peer to peer currency and was very impressed with Satohi’s vision after reading the whitepaper.<\/p>\n\n\n\n ML | Satoshi Club:<\/strong> Wow! You are early adopter:+1:<\/p>\n\n\n\n Serg | Satoshi Club: <\/strong>Also, can you tell us a small introduction for UniLayer? What do you think about Satoshi btw? Is it a him\/her or they? 😁<\/p>\n\n\n\n ML | Satoshi Club: <\/strong>Or it:wink:<\/p>\n\n\n\n Serg | Satoshi Club: <\/strong>an AI 😁<\/p>\n\n\n\n Geo: <\/strong>I would say that is not a him and a her is likely a group of people with an aligned set of goals that took the world by storm 🙂<\/p>\n\n\n\n ML | Satoshi Club:<\/strong> Great solutions! When you decide to create such impressive project? Did it take a long time to build it?<\/p>\n\n\n\n Geo:<\/strong> I decided to start UniLayer because I saw a big need to have limit orders, order books, charts on UniSwap. You can only \u201cmarket buy\u201d on Uniswap right now so adding those features would certainly improve the overall experience for many users. Development started almost 2 weeks ago, our OTC sale was very successful we had a lot of demand and people clearly saw the potential and need to have a platform like Unilayer.<\/p>\n\n\n\n ML | Satoshi Club: <\/strong>Yes, limit ordres are really what needed 🔥<\/p>\n\n\n\n Irina K. | @satoshi_club: <\/strong>Wow. That’s fast. :+1:<\/p>\n\n\n\n Serg | Satoshi Club:<\/strong> yeh, I also didn’t understand why there is only market trade)) Thanks for the introduction, Geo \ud83d\ude42 we’ve collected questions from the community \ud83d\ude42 Ready to dive in? to look at some?<\/p>\n\n\n\n Geo: <\/strong>Shoot! 🙂<\/p>\n\n\n\n Q1 from bitcointalk user gustafsson<\/em><\/p>\n\n\n\n Geo: <\/strong>Flash Staking is a cool concept the word “Flash” is there for good reason, essentially you get your rewards in a “Flash” or instantly when you lock your LAYER tokens for a set period of time, for example: 30 days to 90 days, the longer you stake the more rewards you get, these rewards come from other ERC20 projects that want to kick start their project and use our Flash Staking platform to essentially “Airdrop” a percentage of tokens to our community to gain some exposure and users.<\/p>\n\n\n\n Serg | Satoshi Club: <\/strong>do you have an use case? with more specific examples<\/p>\n\n\n\n Geo: <\/strong>We have a lot of use cases and utility for the token. The one that I am personally more excited about is the UniLayer launchpad, we are building a launchpad to stop “rug pools” with our “token on mint” process. People will be able to join OTC sales on our Launchpad by sending ETH to pre-designed smart contract that will mint the tokens when the ETH is received, but WILL NOT send those tokens immediately, instead it will keep those tokens for a period of 12-24 hrs to give enough time to automatically setup the liquidity pool with part of the ETH received and lock it in a timelock contract for atleast 6 months or more, after that the contract will send out the tokens to the ILO participants. ML | Satoshi Club: <\/strong>So, Flash staking only for locked tockens?<\/p>\n\n\n\n Geo: <\/strong>Yes, you will need to lock your tokens for a period of 30 days or more.<\/p>\n\n\n\n Serg | Satoshi Club: <\/strong>you already answered a part from a next question \ud83d\ude42<\/p>\n\n\n\n Irina K. | @satoshi_club: <\/strong>What’s the % that you get when locking the tokens?<\/p>\n\n\n\n Geo:<\/strong> For flash staking you get a bigger % depending on how much LAYER you have locked in and for how long, these rewards can vary it all depends on how many projects are being on-boarded to the Flash Staking platform and how much of their total supply they will be airdropping to our users. But do keep in mind while you are also staking and have your LAYER tokens locked you will be also receiving 92% of all the ETH collected in fees per trade that a user makes while using the Unilayer platform.<\/p>\n\n\n\n Serg | Satoshi Club: <\/strong>Thanks Geo! everything is clear<\/p>\n\n\n\n Q2 from bitcointalk user let098765<\/em><\/p>\n\n\n\n Geo: <\/strong>I think I already answered that question, but It will stop “rug pulls” from happening and it will give priority to LAYER token holders to participate in these Initial Liquidity Offerings in our Launchpad.<\/p>\n\n\n\n Serg | Satoshi Club:<\/strong> yes, we discussed it earlier \ud83d\ude42 but the questions was preselected. We didn’t know we will discuss it \ud83d\ude42<\/p>\n\n\n\n Geo:<\/strong> Completely understand 🙂 wish I could predict the future myself lol<\/p>\n\n\n\n Serg | Satoshi Club: <\/strong>girls, do you have any questions? \ud83d\ude42<\/p>\n\n\n\n Irina K. | @satoshi_club: <\/strong>Not from me on this 🙂<\/p>\n\n\n\n ML | Satoshi Club:<\/strong> About future prediction?) No, i don’t<\/p>\n\n\n\n Serg | Satoshi Club: <\/strong>haha 😁 Q3 then \ud83d\ude42<\/p>\n\n\n\n Q3\nfrom Telegram user @lissabeth<\/a><\/em><\/p>\n\n\n\n What is your\nstacking model? Is it different from other types related to uniswap?<\/strong><\/p>\n\n\n\n Geo: <\/strong>We actually just released our Whitepaper yesterday and our stacking model and technicals are all there. Serg | Satoshi Club:<\/strong> on what page can we find it? \ud83d\ude42<\/p>\n\n\n\n Geo: <\/strong>Page 30 and 33 I believe.<\/p>\n\n\n\n Serg | Satoshi Club: <\/strong>have you participated in the writing of the whitepaper btw?<\/p>\n\n\n\n Geo: <\/strong>Yes I have, I wrote most of it except for the development and technicals since I am not a developer myself, our developers had to jump in and help in that part 🙂<\/p>\n\n\n\n Q4 from Telegram username @stekbyte<\/a><\/em><\/p>\n\n\n\n Geo: <\/strong>I believe our devs mentioned that there is not much to do besides improving the contract architecture, unfortunately if we want to keep it 100% decentralized we have to wait until ETH 2.0 comes out and improves the overall scalability for ETH.<\/p>\n\n\n\n Serg | Satoshi Club:<\/strong> @geotheog<\/a> , maybe you can explain if you have solutions to reduce the gas costs of the transactions like redirecting it on sidechains<\/p>\n\n\n\n Geo:<\/strong> I believe our devs mentioned that there is not much to do besides improving the contract architecture, unfortunately if we want to keep it 100% decentralized we have to wait until ETH 2.0 comes out and improves the overall scalability for ETH.<\/p>\n\n\n\n Irina K. | @satoshi_club: <\/strong>Hopefully it will happen soon. Did you hear any news about their testnet results?<\/p>\n\n\n\n Geo:<\/strong> I believe there were some bugs? I am not really up to date but they say it could take up to 18 months?<\/p>\n\n\n\n Irina K. | @satoshi_club: <\/strong>Wow. Didn’t know that it will take that much time.<\/p>\n\n\n\n Serg | Satoshi Club:<\/strong> I remember 2017 when they said it should be released soon 😁<\/p>\n\n\n\n Irina K. | @satoshi_club:<\/strong> It’s already taking too much time<\/p>\n\n\n\n Geo: <\/strong>yea lol<\/p>\n\n\n\n ML | Satoshi Club: <\/strong>One day it will happen)<\/p>\n\n\n\n Serg | Satoshi Club: <\/strong>I hope to live and see that day 😁<\/p>\n\n\n\n ML | Satoshi Club: <\/strong>By the way, how big is your developers team?<\/p>\n\n\n\n Geo: <\/strong>We have a team of 5 very skilled solidity developers<\/p>\n\n\n\n ML | Satoshi Club: <\/strong>Nice:+1: So, everything moves fast<\/p>\n\n\n\n Geo:<\/strong> That’s the goal<\/p>\n\n\n\n Q5 from Telegram Username @kartika84<\/a><\/em><\/p>\n\n\n\n Geo:<\/strong> There can’t be regulation on a truly decentralized app, the project aims to full decentralization, so not even me or anybody from my team will be able to disrupt the smart contracts that we have in place for all of the features in our platform, we will however ensure that we deliver a great and SAFE product so we will have audits done to the code to make sure is safe to launch before we launch UniLayer to the public.<\/p>\n\n\n\n Take Uniswap for\nexample<\/p>\n\n\n\n ML | Satoshi Club: <\/strong>Yes, you are right. Btw, has your code been audited?<\/p>\n\n\n\n Geo: <\/strong>Not yet, but it will be once we release our beta<\/p>\n\n\n\n ML | Satoshi Club: <\/strong>When do you expect beta release?:grinning:<\/p>\n\n\n\n Geo: <\/strong>We have it set in our roadmap for late September, but it could be sooner than that you never know 🙂<\/p>\n\n\n\n Serg | Satoshi Club: <\/strong>based on your speed, I would say sooner \ud83d\ude00<\/p>\n\n\n\n ML | Satoshi Club: <\/strong>Wow, it’s close:grinning:<\/p>\n\n\n\n Q6 from Telegram user @whoosylady<\/a><\/em><\/p>\n\n\n\n Geo: <\/strong>We have added a lot of utility to uniswap by the things I have mentioned before, Uniswap is not going anywhere, people are starting to realize that decentralized apps are the way to go, we are the the very start of something great, and the only way we can ensure adoption of dapps is by making it easier for the average joe to dive in! and that’s what we’re doing with UniLayer.<\/p>\n\n\n\n Serg | Satoshi Club:<\/strong> agreed, but the average Joe also should pay less taxes in order to exchange the tokens \ud83d\ude42<\/p>\n\n\n\n ML | Satoshi Club: <\/strong>So, you are planning to work just with Uniswap? Now, we have Mooniswap, for example<\/p>\n\n\n\n Geo: <\/strong>We would love to work with Uniswap, but first we need to get the app out to the public then we can explore those avenues 🙂<\/p>\n\n\n\n Serg | Satoshi Club: <\/strong>I don’t like the fees on uniswap now, on eth in general<\/p>\n\n\n\n Geo: <\/strong>Very true lol!<\/p>\n\n\n\n Q1 from Telegram user @DiegoRME<\/em><\/p>\n\n\n\n Can you list 1-3 killer features of UNILAYER that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about? Q2 from Telegram user @annasmirnn<\/em><\/p>\n\n\n\n What\nkind of terms & conditions are there registering on UniLayer?\nDoes it require KYC for trading & withdrawals?<\/strong><\/p>\n\n\n\n Geo: <\/strong>No KYC, fully decentralized just like Uniswap 🙂<\/p>\n\n\n\n Q3 from Telegram user @ngoccam<\/em><\/p>\n\n\n\n LIQUIDITY\nand SECURITY are big problem of many trading platforms, so how will\nUnilayer solve these matters to ensure for secure and liquidity\nquickly for traders and attracted more users?<\/strong><\/p>\n\n\n\n Geo: <\/strong>Since we are building on top of Uniswap we will be using their liquidity pools from day one, as far as security we will have security audits before we launch the app to make sure is safe<\/p>\n\n\n\n Q4 from Telegram user @buduh11<\/em><\/p>\n\n\n\n What\nis the long term marketing strategy being implemented by your team?<\/strong><\/p>\n\n\n\n Geo: <\/strong>We have a lot of connections in the crypto space so expect some influencers and youtubers to start talking about Unilayer one the app is launched to the public 🙂<\/p>\n\n\n\n Q5 from Telegram user @thaiquoc<\/em><\/p>\n\n\n\n Do\nyou have a plan to listing $LAYER in a major exchanges? Is there a\nbig factor in the development of a UniLayer project by listing their\ntoken on an exchange?<\/strong><\/p>\n\n\n\n Geo: <\/strong>Yes we are currently talking to some exchanges that are very reputable and good.<\/p>\n\n\n\n Q6 from Telegram user @AC7878<\/em><\/p>\n\n\n\n How\ndoes Unilayer generate revenue for project development?<\/strong><\/p>\n\n\n\n Geo: <\/strong>For each trade that takes place in the Unilayer platform we collect a fee on ETH, 92% of that ETH collected goes to the people that are staking LAYER in our platform, the other 8% goes to our foundation as a reserve.<\/p>\n\n\n\n Q7 from Telegram user @LleeKuanYew<\/em><\/p>\n\n\n\n Southeast\nAsia is a very vibrant market and most projects are competing\ncampaigns here to entice users and grow, with UNILAYER you see how\nSoutheast Asia is and do you plan to develop & expanding here?<\/strong><\/p>\n\n\n\n Geo: <\/strong>We are actually in talks with a crypto PR firm that can facilitate that for us 🙂<\/p>\n\n\n\n Q8 from Telegram user @aciuea<\/em><\/p>\n\n\n\n What\ndo you think is holding the DeFi space back? What is preventing the\nmass adoption of DeFi products?<\/strong><\/p>\n\n\n\n Geo: <\/strong>Personally I think is just that is simply too hard for the average joe to use. Tools like metamask has made things a lot easier but we still need to come up with more creative ways to make it easier for the regular folk to start using DeFi and dapps. UniLayer is bringing in a lot of those trading tools that you would normally see in a regular exchange to Uniswap such as charts, order books, limit orders and much more, little steps like these can go a very long way.<\/p>\n\n\n\n Q9 from Telegram user @spectrej<\/em><\/p>\n\n\n\n Staking\nand mining is very popular today as incentives for the investors,\ndoes $LAYER support any and what are the requirements and benefits?<\/strong><\/p>\n\n\n\n Geo: <\/strong>Flash Staking will be available shortly after the full app launch, you will get rewards instantly after you lock in your LAYER tokens for a set period of time 30 days or more<\/p>\n\n\n\n Q10 from Telegram user @Sonjou99<\/em><\/p>\n\n\n\n Could\nyou please shortly explain about the top milestones and objectives\nthat UniLayer is aiming to execute in the remainder of the year 2020?<\/strong><\/p>\n\n\n\n Geo: <\/strong>Releasing the beta for the UniLayer app, getting the code audited to make sure everything is safe and launch UniLayer out to the public, after that happen we will be doing marketing to make sure we get as many users as possible.<\/p>\n\n\n\n In the final part we tested your knowledge in terms of UniLayer. They\u2019ve prepared 4 questions for this part. The total reward pool for quiz was 300$.<\/p>\n\n\n\n For more information and future AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n Spanish\nTelegram group: https:\/\/t.me\/satoshi_club_spanish<\/a>![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/p1-4-737x1024.jpeg\")
<\/figure>\n\n\n\n
\nPlease\nexplain Unilayer\u2019s Flash Staking Model. Why is it Flash? Is it\nreally faster than other staking model?<\/strong><\/p>\n\n\n\n
All of this is done in a trustless way via smart contracts.<\/p>\n\n\n\n
\nUnilayer\njust added a utility to the layer token which is Unilayer Launchpad.\nSo what is the advantage of this added utility? How will Unilayer\nLaunchpad works in Unilayer Application?<\/strong><\/p>\n\n\n\n
https:\/\/unilayer.app\/static\/media\/Unilayer_Whitepaper.cb8c7194.pdf<\/a>
have a read, there is a lot of information in our whitepaper.<\/p>\n\n\n\n
\nWhat\nsolutions do you see to reduce the load on the Ethereum network. Now\nthe high price of gas has become a critical problem for many\nprojects.<\/strong><\/p>\n\n\n\n
\nRegulation\nis very important. Many projects were closed in many countries due to\nfailure to use the correct regulations and permits. In order to go\nglobal; how does the #UNILAYER<\/a>\nteam deal with these issues?<\/strong><\/p>\n\n\n\n
\nUniLayer\nis another project focused on Uniswap. What is your utility beside\nthat? What happens with UniLayer if Uniswap disappears tomorrow?<\/strong><\/p>\n\n\n\nPart\n2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n
<\/strong>
Geo: <\/strong>Lending, Flash Staking and the UniLayer lauchpad. The launchpad is definitely something I am VERY excited about<\/p>\n\n\n\nPart\n<\/strong>3<\/strong>\n\u2013 Q<\/strong>uiz\nResults<\/strong><\/h2>\n\n\n\n
<\/strong>English Telegram group: https:\/\/t.me\/Satoshi_club<\/a>
Russian Telegram group: https:\/\/t.me\/satoshi_club_ru<\/a><\/p>\n\n\n\n
\nTelegram\nChannel: https:\/\/t.me\/satoshi_club_channel<\/a>
\nTwitter:\nhttps:\/\/twitter.com\/realsatoshiclub<\/a>
\nWebsite:\nhttps:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n