{"id":1588,"date":"2020-08-31T10:32:23","date_gmt":"2020-08-31T07:32:23","guid":{"rendered":"https:\/\/esatoshi.club\/?p=1588"},"modified":"2020-08-31T10:32:26","modified_gmt":"2020-08-31T07:32:26","slug":"vesta-protocol-x-satoshi-club-ama-recap-from-28th-of-august","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/08\/31\/vesta-protocol-x-satoshi-club-ama-recap-from-28th-of-august\/","title":{"rendered":"Vesta Protocol x Satoshi Club AMA Recap from 28th of August"},"content":{"rendered":"\n<p>Knowledge is the most valuable asset and our Satoshi Club community know that. Today we would like to tell you about the AMA session with our friends from\u00a0<a href=\"https:\/\/t.me\/vtp_network\">Vesta Protocol<\/a>. The AMA took place on August 28 and our guests were\u00a0 <a href=\"https:\/\/t.me\/johnnykane\">Johnny Kane<\/a> (CEO) and <a href=\"https:\/\/t.me\/Rexx_Dillon\">Rexx Dillon<\/a> (COO).<\/p>\n\n\n\n<p>The total reward pool was $500 and it was splitted into three parts.<\/p>\n\n\n\n<p>In this AMA Recap we will try to summarize some of the most interesting points for you.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 1, INTRODUCTION AND COMMUNITY QUESTIONS<\/strong><\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>Hello dear community! <a href=\"https:\/\/t.me\/vtp_network\">@vtp_network<\/a> are our guests today!<\/p>\n\n\n\n<p><strong>Irina K. | @satoshi_club: <\/strong>Hi all and welcome <a href=\"https:\/\/t.me\/Rexx_Dillon\">@Rexx_Dillon<\/a> and <a href=\"https:\/\/t.me\/johnnykane\">@johnnykane<\/a><strong>. <\/strong>Thanks for taking the time to join us.<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>Thanks. glad to be here.<\/p>\n\n\n\n<p><strong>Irina K. | @satoshi_club: <\/strong>How are you today?<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>Doing great.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>Hi guys.How&#8217;s going?<\/p>\n\n\n\n<p><strong>Irina K. | @satoshi_club:<\/strong> For starters please tell us a few words about\nyourselves and about Vesta Protocol.<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>Ok, well, I&#8217;m Rexx, COO of Vesta and Johnny is\nour wonderful CEO.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol:<\/strong> For sure, hi folks, I&#8217;m Johnny, the CEO of\nVesta Protocol<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club:<\/strong> Great, we have a wonderful COO and CEO today.\n\ud83d\ude42<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol:<\/strong> Vesta is a liquidity pool provider for\nUniSwap that pays ETH daily from the liquidity pool and burns an equal amount\nof Vesta tokens.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: &nbsp;<\/strong>Vesta\nProtocol is a liquidity passive income generation protocol which aims to improve\nthe ROI for each liquidity maker. It encourages liquidity makers to increase\nliquidity via UniSwap by locking their liquidity. That&#8217;s the description on WP.<\/p>\n\n\n\n<p>So basically what we are doing is the\nliquidity provider for the UniSwap ecosystem. To encourage everyone to provide\nliquidity by providing incentives.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>How did you get this idea?<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>People lock their liquidity on UniSwap and we\nwithdraw 5% of the ETH from the liquidity pool each day and pay to the top 50\npeople&#8230; like tomorrow for our first day of payouts it will be 120 ETH.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>The reason behind is that we found there are a\nlot of projects lack of liquidity on the UniSwap. Vesta protocol is the\npioneer. The mechanism can be applied to other projects. But of course with\nsome benefits to VESTA holders.<\/p>\n\n\n\n<p><strong>Irina K. | @satoshi_club: <\/strong>So you&#8217;re like a bank for the Uniswap\necosystem?<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>It&#8217;s more like the gas in a car. You have a\nnice car, like exchanges and tokens, but not enough gas to make them tradable.<\/p>\n\n\n\n<p>All people need to do is lock their\ntokens on UniSwap for Vesta and be among the top 50 and then they share in the\npayout. Tomorrow (29 of august) is the big payout because it\u2019s the first. But\nthere is a payout EVERY DAY. That&#8217;s how the model works.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol:<\/strong> Also people recently raised concern on the dump\nand pump for the price of VESTA. However, the circulation decreases all the\ntime. We also have external liquidity algorithm.<\/p>\n\n\n\n<p><strong>Irina K. | @satoshi_club: <\/strong>Ok, thank you guys for the introduction. I\nthink we can start with part 1. &#x1f60a;<\/p>\n\n\n\n<p><strong>Q1 from Bitcointalk User Elissa<\/strong><\/p>\n\n\n\n<p><em>You have a deflationary policy. Please explain\nhow many tokens are you burning and for how much time?<\/em><\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>So it depends on the amount of ETH pay back\nand the price of VESTA. For example, the payout is around 120 ETH tomorrow. &nbsp;The same value of VESTA will be burned, which\nis 120 ETH of VESTA.<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>Yes, so the ETH is paid out each day at 5% of\nthe total liquidity pool&#8230;and equal value of Vesta is burned.<\/p>\n\n\n\n<p><strong>Irina K. | @satoshi_club: <\/strong>And it&#8217;s paid in ETH, right?<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>The higher the price of VESTA, the more the\nETH is in the pool.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>How was this amount established? 120 eth. also\n5%?<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>Since the payout for the first day is\naccumulative for 3 days. Thats why it&#8217;s 120 ETH. The lower the price of VESTA,\nmore VESTA will be burned when same amount of ETH are paid to the liquidity\nproviders.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>So, you have 2400 eth in the pool?<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>So, the presale amount is around 2000 ETH. 50%\nof ETH was added to the liquidity pool.<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>We immediately locked nearly 1000 ETH from\nthat presale into the liquidity pool. So, each day, 5% is paid out from this\npool. So, for three days, its about 3 x 5% of 1000 ETH.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>Got it. What about when the pool nearly gets\nto zero ETH?<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>We are one of the highest liquidty pools on\nUniSwap now. No, it keeps getting replenished. @JohnnyKane did you want to\nexplain that?<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>That&#8217;s the question raised by many users. So\nour mechanism encourages people to compete with each other.<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>I think they are asking how the ETH pool doesn\u2019t\neventually run out.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>So if you are willing to buy 1 ETH of VESTA\nand add it to the liquidity to get 1 ETH back?<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>Yes, so if you buy Vesta, that means you are\nputting in ETH, right?<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>Are you willing to spend 5 ETH to purchase\nVESTA and add liquidity to get 1 ETH reward?<\/p>\n\n\n\n<p>With\nthe higher price in VESTA, so everyone will think like that.<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>You see, with the daily rewards, it means\npeople need to compete to stay in the top 50. So, competition means they need\nto buy more to out-do each other&#8230;that pushes the price up for everyone and\nalso contributes more ETH each time someone buys Vesta when they are competing.<\/p>\n\n\n\n<p>I\nhope it&#8217;s clear. The whole concept revolves around generating competition in\nthe market.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>If so, the ETH in the pool will at least\nattract 600 more ETH add into the pool.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club:<\/strong> If only the top 50 gets the big reward, don&#8217;t\nyou discourage the small hodlers?<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>Not really, because the small holders still\nbenefit when the bigger players compete to hold enough Vesta and push the price\nup. the big holders want that daily ETH payout, so they need to buy more ETH to\nstay in the top 50 and that pushes the price up for everyone. So even small\nholders benefit from the model.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>That&#8217;s another question we got all the time.\nThe pay back will be more attractive in the early stage if we keep that to top\n50. We will build our DAO as well.<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol:<\/strong> Yes, the next step is to build the DAO so\nthat it can be community run. We are pretty smart, but we know there are\nsmarter people out there than us that can see directions we can\u2019t.<\/p>\n\n\n\n<p><strong>Q2 from Bitcointalk User bitmartbounty<\/strong><\/p>\n\n\n\n<p><em>It has become a trend today for people\nto participate in Pre-sale and then dump upon listing in markets, how does\nVESTA seek to avoid this?<\/em><\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>We cannot avoid FUD, that happened to us\nbefore actually. It may affect how people judge a project as some of them don&#8217;t\nread wp.<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>Yes, we already finished our presale 2 days\nago. There was a bit of selling pressure but I think that some people just didn\u2019t\nknow that the ETH payouts would start in 3 days after the presale&#8230;. some\npeople don\u2019t read enough about the projects they invest in haha.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>Yes, the algorithm you mentioned needs some\ntime to show its effect and profitability.<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>FUD is always a problem. Our competitors are\nworried and try to FUD us. But, we released an article on Medium last night\nexplaining all of our smart contract code, so people can see for themselves\neverything is legit. that really helped a lot.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>What we can do is to work hard to make the\nwhole ecosystem better.<\/p>\n\n\n\n<p><a href=\"https:\/\/medium.com\/@VestaProtocol\/analysis-of-vesta-protocol-presale-contract-de665a7a3ce3?source=friends_link&amp;sk=1ed01989305f5b1bd104b664bbf28038\">https:\/\/medium.com\/@VestaProtocol\/analysis-of-vesta-protocol-presale-contract-de665a7a3ce3?source=friends_link&amp;sk=1ed01989305f5b1bd104b664bbf28038<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"691\" height=\"355\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/vesta2.jpg\" alt=\"\" class=\"wp-image-1592\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/vesta2.jpg 691w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/vesta2-300x154.jpg 300w\" sizes=\"(max-width: 691px) 100vw, 691px\" \/><figcaption> Analysis Of Vesta Protocol Presale Contract <\/figcaption><\/figure>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>if anyone here understand smart contracts,\nthey will understand that article. If not, it might be a tough read haha just\nsaying.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>So yes, please have a look at the medium. Also\na graph to explain a bit more about the liquidity contribution mechanism.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"882\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/vesta3-1024x882.jpg\" alt=\"\" class=\"wp-image-1593\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/vesta3-1024x882.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/vesta3-300x258.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/vesta3-768x661.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/vesta3.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Q3 from Telegram User @max_serbov<\/strong><\/p>\n\n\n\n<p><em>Please explain what are the benefits\nto contribute to the liquidity pool? What are the average returns?<\/em><\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>A part was covered before. I&#8217;m looking for the\nrank for you guys. <a href=\"https:\/\/etherscan.io\/token\/0x488d9969abe6a439368c1f959d5be4b47433cd8a#balances\">https:\/\/etherscan.io\/token\/0x488d9969abe6a439368c1f959d5be4b47433cd8a#balances<\/a>\n<\/p>\n\n\n\n<p>And\nfor now the ROI is over 1000%. The liquidity providers are not even 50 yet.<\/p>\n\n\n\n<p><strong>Irina K.| @Satoshi_Club: <\/strong>&#x1f60a;\nSounds too good to be true.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club:<\/strong> I might hope in. when is the deadline?<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol:<\/strong> The first one will be in less than 12 hours\nfrom now&#8230;but they repeat every day. <\/p>\n\n\n\n<p>Ya,\nI think people are probably thinking that it will be hard to be in the top50.\nNot right now, it&#8217;s still early. You can see in the list that it doesn\u2019t take\nmuch right now to share the daily ETH.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>This wallet is also participating?<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"442\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/Vesta4-1024x442.jpg\" alt=\"\" class=\"wp-image-1594\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/Vesta4-1024x442.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/Vesta4-300x129.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/Vesta4-768x331.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/Vesta4.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>No, that one is excluded.<\/p>\n\n\n\n<p><strong>Irina K.| @Satoshi_Club: <\/strong>Can you share why?<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>That&#8217;s the address of team and not eligible\nfor the reward. It&#8217;s locked by SC.<\/p>\n\n\n\n<p><strong>Q4 from Telegram User @Brainchest<\/strong><\/p>\n\n\n\n<p><em>What are the guarantees that the team\nwill not take all the money from the liquidity pool? Is the full blocking of\naccess for the project team spelled out in the contract and where users can get\nacquainted with the smart contract?<\/em><\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>Yup, can be referred to the medium link we\nshared before actually. All our major processes are controlled by the smart\ncontract.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>We can share some small explanation if it&#8217;s\npossible \ud83d\ude42 or it&#8217;s better to refer to the link?<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>Yes, we believe using smart contracts is more\nsafe and gives people more confidence.<\/p>\n\n\n\n<p>The\nfunds were immediately locked on UniSwap at the end of the presale\nautomatically using smart contract. Thanks. yes. for those who understand smart\ncontracts, you can give that a read. <a href=\"https:\/\/medium.com\/@VestaProtocol\/analysis-of-vesta-protocol-presale-contract-de665a7a3ce3?source=friends_link&amp;sk=1ed01989305f5b1bd104b664bbf28038\">https:\/\/medium.com\/@VestaProtocol\/analysis-of-vesta-protocol-presale-contract-de665a7a3ce3?source=friends_link&amp;sk=1ed01989305f5b1bd104b664bbf28038<\/a>\n<\/p>\n\n\n\n<p><strong>Irina K.| @Satoshi_Club: <\/strong>Yes, everything is transparent this way.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>That&#8217;s the reason we prepared that to prove we\nare legit haha.<\/p>\n\n\n\n<p><strong>Q5 from Telegram User @thinhtran15<\/strong><\/p>\n\n\n\n<p><em>Who will have the final say in\ndevelopment and business decisions? How much will the elected representatives\nbe able to influence when it comes to business and development decisions? Will\nthe company have some kind of veto when it comes to decision?<\/em><\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>So for the very early stage, pretty much a\nprofessional team is better. Quicker for decision making etc. But DAO is the\npriority of our job in the following month.<\/p>\n\n\n\n<p><strong>Irina K.| @Satoshi_Club: <\/strong>Do you plan in the future to change this?<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol:<\/strong> Well, as we say in the white paper. We will\ntransition to a DAO to allow the community to decide on the major direction of\nthe protocol.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>Forming up a DAO to select the right project. Everyone\nhas the right vote.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>How about until then? how are the decisions\nmade?<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>Until then, Johnny is the boss&#8230;haha.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>Our mechanism is good enough, so we don&#8217;t\nworry about that.<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>But, as we mentioned, most of the processes\narea controlled by smart contract. so, really the main parts are already\ncovered. Again, we make all of our smart contracts available so people can\ntrust the smart contracts and don\u2019t need to trust people haha. A lot of other\nprojects you have people running things, but much of our protocol runs on smart\ncontracts so people are taken out.<\/p>\n\n\n\n<p><strong>Irina K.| @Satoshi_Club: <\/strong>When DAO will be fully implemented, will this\nsmart contracts be voided and the decisions will be taken by the community? Or\nyou intend to keep them?<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>DAO will also decide that, but if the\nmechanism works well, I can&#8217;t see a reason to not using it.<\/p>\n\n\n\n<p><strong>Q6 from Telegram User @anditgoestome<\/strong><\/p>\n\n\n\n<p><em>You claim to have protection against\nprice manipulation and black swan events. How can you do that?<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"882\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/vesta5-1024x882.jpg\" alt=\"\" class=\"wp-image-1595\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/vesta5-1024x882.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/vesta5-300x258.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/vesta5-768x661.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/vesta5.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>I&#8217;m not sure is this diagram is clear enough\nor not.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>It&#8217;s clear but we can explain it a bit.<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>We set aside 8% of the funds from the Presale\nfor our external liquidity algorithm. This algorithm can step in during strange\nprice events or black swan events.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>So, they are already there, right?<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol:<\/strong><em> <\/em>Yes, the funds are already there. I think\n@JohnnyKane was just going to show where the algorithm is shown in the diagam\nand how it kicks in to help the price when necessary.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>The UI for liquidity providing ranking will\nalso be available on our website.<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>Yes, we will have a new UI Dashboard going\nlive on our website tonight where everyone can check their rankings for the\npayouts and timer, etc.<\/p>\n\n\n\n<p><strong>Irina K.| @Satoshi_Club: <\/strong>That&#8217;s good info. Thanks.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n<p>The\nchat was open for 80 seconds; a lot of questions were posted by Satoshi Club\ncommunity. Our guests chose some of them. <\/p>\n\n\n\n<p><strong>Q1 from Telegram User @Nickkiii<\/strong><\/p>\n\n\n\n<p><em>I\u2019m interested in\ninvesting, though I missed the Presale round, do you plan to have a public sale\nsoon?&nbsp; If yes, how many rounds you\u2019ll\nhave, what\u2019s the minimum and max cap?<\/em><\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>Starting with the first question, so yup,\ndefinitely, the trading is now available on: <a href=\"https:\/\/app.uniswap.org\/#\/swap?outputCurrency=0x3AeF8e803BD9be47e69b9f36487748d30D940b96\">https:\/\/app.uniswap.org\/#\/swap?outputCurrency=0x3AeF8e803BD9be47e69b9f36487748d30D940b96<\/a>.\nWe only have presale round.<em><\/em><\/p>\n\n\n\n<p><strong>Q2 from Telegram User @nyo_cant<\/strong><\/p>\n\n\n\n<p><em>VESTA will make a first payout of\naround 150 ETH. Would such amounts be the same long-term? How can Vesta\nProtocol ensure sustainability?<\/em><\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>Someone is asking about the payouts if they\nwill all be 120+ ETH. Well, the first one will be because it is the first one\nand it is accumulated from the first three days since we finished presale but didn\u2019t\npayout yet. So, it\u2019s actually 3 days combined. But, after that, daily payouts\nwill continue but not quite as much. But, the daily payout will be shown on the\nUI dashboard that will go live on our website to make it easy for users.<\/p>\n\n\n\n<p><strong>Q3 from Telegram User @Temidayo16<\/strong><\/p>\n\n\n\n<p><em>You raised 1984.6ETH during the\npre-sale, apart from liquidity providers, would the liquidity of Vesta Tokens\nbe enhanced with part of the pre-sale raise too?<\/em><\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>So yup, the presale finished and we raised\naround 2000 ETH, our target was 500 ETH. Maybe ppl just too into us. haha, so\nthe more we raised, the more the ETH payback will be. Which is more attractive.\nAnd liquidity providers will be more willing to provide the liquidity.<\/p>\n\n\n\n<p><strong>Q4 from Telegram User\nSaki G<\/strong><\/p>\n\n\n\n<p><em>What is your main goal\nwith the future of vesta?<\/em><\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>An user made us a slogan &#8220;The liquidity\nKing&#8221;. Vesta Protocol will be the showcase and model for all DeFi\nprojects. Vesta Protocol will be proving presale license for these promising\nprojects.<em><\/em><\/p>\n\n\n\n<p><strong>Q5 from Telegram User @cryptolover1010<\/strong><\/p>\n\n\n\n<p><em>STAKING is very popular\ntopic recently. Please tell us in detail about the $VESTA Staking plan and the\nbenefits of adding staking?<\/em><\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>The benefits for staking is huge, as\nmentioned, trying to be the top 50 liquidity provider, you will receive the\ndaily payback. Even if you just hold vesta, you will enjoy the profit from the\nprice pumping.<em><\/em><\/p>\n\n\n\n<p><strong>Q6 from Unknown Telegram User<\/strong><\/p>\n\n\n\n<p><em>\u2026<\/em><\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>The long term benefits are obvious. The\nincreasing in the ROI of liquidity providers is one, due to the deflation\nmechanism, the total circulation of Vesta decreases all the time and price of\nvesta will keep increasing.<em><\/em><\/p>\n\n\n\n<p><strong>Q7 from Telegram User @ndbetting<\/strong><\/p>\n\n\n\n<p><em>Considering that your team is anonymous,\nhow do you plan to gain the confidence of the people? Are there some specific\nreasons behind anonymity?<\/em><\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>I think crypto regulations are always\nchanging, so one can never know what laws will come in next year that will\nscrew things up for people. So, we just like to be careful. But, as mentioned,\nwe prefer to let our smart contracts do the talking. I would trust smart\ncontracts over people anyways too haha, and we have published explanations of\nour smart contracts so that everyone gets what is happening. If anyone came in\nlate, you can post that link to the Medium article again later perhaps.<\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>Ok, more background of ourselves, our team is\nliterally a decentralized team. Like me myself, live in Sydney and other team\nmembers are also from different areas. By using smart contract, no trust is\nrequired. That&#8217;s the spirit of blockchain. We do believe the smart contract is\nmore reliable thank people.<\/p>\n\n\n\n<p><strong>Q8 from Telegram User @Termuxnih<\/strong><\/p>\n\n\n\n<p><em>How do you plan to promote about your\nproject in different countries? where English is not spoken very well. Do you\nhave a local community so they can understand your project?<\/em><\/p>\n\n\n\n<p><strong>Johnny @ Vesta Protocol: <\/strong>Oh yup, so we have the Vietnam community and\nChinese community, we will also have Filipino, Indonesian, Korean and Japanese\ncommunity. International community is what we need.<\/p>\n\n\n\n<p><strong>Rexx @ Vesta Protocol: <\/strong>We did have an arabic community, but that\ndidnt work out too well. We plan to add one soon again, though.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n<p>As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about Vesta Protocol. A link to a Quiz\nform were sent into the chat. Participants had 10 minutes to answer. 300$ were distributed\namong winners. You can check the quiz winners list here: <a href=\"https:\/\/t.me\/Satoshi_club\/234828\">https:\/\/t.me\/Satoshi_club\/234828<\/a> <\/p>\n\n\n\n<p><strong>For more information and future AMAs, join our\nSocial Media channels: <\/strong><\/p>\n\n\n\n<p>English\nTelegram group: <a href=\"https:\/\/t.me\/Satoshi_club\">https:\/\/t.me\/Satoshi_club<\/a> <\/p>\n\n\n\n<p>Russian\nTelegram group: <a href=\"https:\/\/t.me\/satoshi_club_ru\">https:\/\/t.me\/satoshi_club_ru<\/a> <\/p>\n\n\n\n<p>Spanish\nTelegram group: <a href=\"https:\/\/t.me\/satoshi_club_spanish\">https:\/\/t.me\/satoshi_club_spanish<\/a> <\/p>\n\n\n\n<p>Telegram\nChannel: <a href=\"https:\/\/t.me\/satoshi_club_channel\">https:\/\/t.me\/satoshi_club_channel<\/a> <\/p>\n\n\n\n<p>Website: <a href=\"https:\/\/esatoshi.club\/\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p>Twitter:\n<a href=\"https:\/\/twitter.com\/esatoshiclub\">https:\/\/twitter.com\/esatoshiclub<\/a>&nbsp; <\/p>\n\n\n\n<p><strong>Our Partners: <\/strong>\n\nVesta Protocol Official: <a href=\"https:\/\/t.me\/vtp_network\">https:\/\/t.me\/vtp_network<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Knowledge is the most valuable asset and our Satoshi Club community know that. Today we would like to tell you about the AMA session with our friends from\u00a0Vesta Protocol. The AMA took place on August 28 and our guests were\u00a0 Johnny Kane (CEO) and Rexx Dillon (COO). The total reward pool was $500 and it [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"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\/1588"}],"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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=1588"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/1588\/revisions"}],"predecessor-version":[{"id":1597,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/1588\/revisions\/1597"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=1588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=1588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=1588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}