hello everyone!<\/p>\n\n\n\n
D. | Satoshi Club<\/strong><\/p>\n\n\n\n we are happy to introduce you AMA with Avalanche!<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n Greetings again, dear Satoshi Club community! We are pleased\nto announce AMA with Avalanche<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n our guest today – @OracleMan !<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n welcome to Satoshi Club!<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Thank you! It’s great to be here at Satoshi Club. Thank you\nfor having me <\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n @OracleMan hi there and welcome to Satoshi Club <\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n great to have you here <\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n How are you doing today<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n I’m great. I’m super excited to be here to talk all things\nAvalanche<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n awesome! so lets begin then<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n we also really excited about upcoming AMA with you<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n So… Let’s start <\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n Introduce yourself please. How did you get to be involved in\ncrypto & Avalanche<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Thank you <\/p>\n\n\n\n I first got involved in crypto as something I would do in my\nfree time in fall of 2017. It truly opened my eyes to decentralized\ntechnologies, smart contracts, and what the potential impact this industry\ncould have. I started investing and following along in this space. Fast forward\nto fall 2020 and my desire to break into the crypto industry finally came true\nwhen I joined Ava Labs, building Avalanche. In just that 1st year of joining\nthe industry. Our community has built a platform used by 10’s of thousands of\npeople daily and are still growing rapidly (20% MoM). Also we just hit the top\n10, pretty excited about that as well.<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n Give us a brief introduction to the project. What is the\nessence of Avalanche<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n It’s really amazing<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n Yes! congrats! Being in Top 10 CMC is great achievement!<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n And i think Avalanche is the biggest project that ever been\nin Satoshi Club<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n btw<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Avalanche is a top smart contracts platform in the industry.\nIt’s a multi-chain platform that allows for many use cases. So far we’ve seen\ntypical use cases like DEX’s, NFT platforms and the like built on Avalanche.\nWe’ve also seen novel use cases starting to be built on us including ILO’s,\nshort for initial litigation offering. A way for defendants in court cases to\ncrowdfund their litigation cases. Anyways, Avalanche is built for the speed of\nfinance and is blazingly fast (under 1 second finality), low cost (most\ntransactions cost ~$0.25 USD), and it’s eco-friendly (using about a 1000x less\nenergy than Ethereum). <\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n Your success is truly deserved <\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Thrilled to be the largest project to be on Satoshi Club <\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n I share your admiration for Avalanche! this is an amazing\ngrandiose project<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n Also we would like to know more about your team. Who is on\nthe project team core?<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n We have more than 130+ on the core team now. I first joined in September 2020 when the team was ~40, so the company has more than 3x’d in a matter of just over a year! Very impressed to see. You can see some of the Ava Labs team here: https:\/\/www.avalabs.org\/team<\/a><\/p>\n\n\n\n That being said, Avalanche is fully open-sourced and have\nmany community contributors as well. <\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n The core team has backgrounds from Google, Microsoft,\nCornell and many other Fortune 500 companies and top crypto\/fintech companies\nas well.<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n Wow! Real big dream team<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n And team is quite international as i see <\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n Thanks for great introduction, we will have several\nquestions selected for the Part 1. Ready to start?<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Yes! I’d estimate about 40% of our team lives outside of the\nUS.<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Let’s go! <\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n Big thanks for intro!<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n Q1 from Telegram User @UniqueVicky<\/em><\/p>\n\n\n\n First thing I saw while logging into your website is a welcome recommendation of avalanche ecosystem,it states \u201d blazingly fast,low cost, and eco-friendly\u201d as among the reasons why people should trade with Avalanche. As I\u2019m considering making first step in crypto trading please explain how user and eco-friendly is the platform for those who make first step in crypto trading and also for experienced traders? How easy and fast is it to withdraw or deposit funds from and to any country? Are there countries Avalanche is restricted?<\/em><\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Thanks for your question! Avalanche is great choice to trade on and use the full suite of dapps avaliable. First things first, I’d recommend checking our defi dapps here: https:\/\/ecosystem.avax.network\/marketplace?tag=defi<\/a><\/p>\n\n\n\n You’ll find that the user experience is almost matched to\nweb 2 from the perspective of how fast transactions finalize. For instance if\nyou were to use a DEX on Avalanche you’d find your transactions will go through\nand finalize within 1 second. Try for yourself and you’ll see, it almost feels\nlike magic <\/p>\n\n\n\n The same goes for withdrawing\/depositing\/sending funds,\ntransactions will finalize within a second and you’ll be ready to move on with\nyour crypto journey.<\/p>\n\n\n\n As far as restrictions on Avalanche. There aren’t any,\nAvalanche is completely open-source and allows anyone to build and use\nAvalanche no matter where you live, no matter what your income is, and no\nmatter how long you’ve been using the platform. It’s approachable whether you\nare a novice or a crypto veteran.<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n thank you! do you think Avalanche could be a good starting\npoint for newbies, for those who only beginning their crypto journey? is Avalanche\nmore user-friendly than other networks?<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n Absolutely agree. I registered on your platform yesterday\nand it is a very user-friendly interface. everything is clearly intuitive and\nthoughtful.<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n what is your favorite DeFi product on Avalanche? <\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n I would say, yes absolutely! If you are brand new, I would recommend you review and bookmark our getting started tutorials (https:\/\/www.youtube.com\/watch?v=XcEWIByK-6o&list=PLRHl-ulWK4-EaxX-4JbQqUUhgATUSmVpr<\/a>) so if you ever have a question, you can reference these videos to learn how to do basic operations on Avalanche.<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n That’s great to hear! Glad to hear the positive feedback<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n Nice! thank you! <\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n hmm… I like a lot… most likely I would highlight trader\njoe<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Great question. I’m a Trader Joe fanboy I’m biased, but I think it’s one of the best\nDeFi projects in the whole crypto industry.<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n And very cool that you have plenty of video tutorials for\nnew people<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n yeah, im very like this DEX a lot. but mostly im using\nparaswap, if i need to swap something <\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Another great option as Paraswap is a very helpful DEX aggregator.<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you very much for the great answers. <\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n Are you ready for the next question?<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Let’s go<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n Q2 from Telegram User @victorogb<\/em><\/p>\n\n\n\n Avalanche has proudly listed its major milestones for Q4 2022 as; NTT, DID, Avalanche Name Space, Avalanche Wallet V6, the new Avalanche Bridge V4 and ILO V2. Looking back at these notable achievements as stated, how best would you judge your overall performances? Can you share your experiences with meeting up to these milestones and those set at the start of 2021, how ready is Avalanche for a safer, efficient and faster 2022 calendar year? Can you also give us a breakdown of current growth numbers, from users to partnerships as well as strategic product integrations, how set is Avalanche for an even bigger all round community?<\/em><\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Wow! A lot here, let me try to get to it all. I think we’ve made tremendous progress in the just over a year that Avalanche has been on mainnet. The platform has gone from top 50 to top 10. The platform gone from 0 users to 10’s of thousands per day. The platform has gone from 5 integrations to now almost 400 (https:\/\/www.avax-projects.com\/<\/a>). From $0 TVL to almost $20B TVL. From 0 community members to over 1.3M community members. From a handful to over 1,200 validators. I could go on forever <\/p>\n\n\n\n I think this growth is more than we even dreamed about when\nAvalanche first went to mainnet, however we are still just getting started. The\nnew year is right around the corner, and we are excited to deliver the best\nproducts in crypto and give Avalanche users an edge over other ecosystems\nthrough the benefits that Avalanche inherantly offers. <\/p>\n\n\n\n Thanks for your question.<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n thank you for detailed answer! could you tell us a bit about\nyour Avalanche Bridge?…i used Biconomy recently, their bridge is quite fast\nyou can exchange assets between AVAX – Polygon – ETH (and backwards). does\nAvalance have any other bridges that users can explore, except these two?<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n These are really incredible results<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Yeah, the Avalanche Bridge is one of Avalanche’s cornerstone\nproducts. It allows users to transfer liquidity from Ethereum to Avalanche. It\nis also one of the most secure bridges in the industry because of the\nunderlying technology. I’d encourage users to give it a try if they have\nliquidity on Ethereum to bridge it over to Avalanche and try some of\nAvalanche’s dapps. We find that most people once they bridge over, they never\nbridge back <\/p>\n\n\n\n P.S. If you bridge over $75+ of assets, you’ll get a small\nAVAX airdrop for gas to try out some Avalanche dapps.<\/p>\n\n\n\n More bridge stats: https:\/\/avascan.info\/blockchain\/c\/bridge\/0x50Ff3B278fCC70ec7A9465063d68029AB460eA04<\/a><\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n Great! @OracleMan thanks a lot for answers! ready for the\nnext question? <\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n Sounds good<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n i hope you will try that bridge <\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Yup <\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n I’m even sure of it! your recommendations above all<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n less gooo!<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n Q3 from Telegram User @DK177<\/em><\/p>\n\n\n\n My question is about Avalanche hub. You have stated that it is a platform for all aspects of Avalanche. Is this a social media similar to Facebook or Twitter? Or does it work as a forum? Can you explain what kind of benefits we get from joining the hub? Further, it has been mentioned that users of Avalanche hub can earn $AVAX. Please let us know what are the earning methods attached to Avalanche hub. Do you pay rewards for joining and staying active? Or are there any tasks to perform? Can we join the hub without holding any $AVAX and start earning? In other words, can we use this platform as a free income generator?<\/em><\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Avalanche hub is a tool we use to expand our reach on\nAvalanche social channels and it helps to contribute to the overall research,\neducation, and engineering efforts of Avalanche. I’m not certain at the moment\nif we are accepting new applications but you can sure apply and see what\nhappens <\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n by the way max supply of Avalanche token is capped or not?\ncan you always mint more tokens if it would needed or there is some hard cap in\nthis case, which you won’t cross?<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n AVAX is capped and cannot be changed (via governance). That\ncap is set at 720M. So AVAX is naturally deflationary. You can see that\nAvalanche has already burned $56M worth or 530k of AVAX since Avalanche went on\nmainnet. That will reduce the overall cap as time goes on.<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n https:\/\/burnedavax.com\/<\/a><\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n Thanks for sharing<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n got it! so info on Coingecko is correct because info about your total supply is\ndifferent on CMC<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n Are you ready for the next question?<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Our Max supply is not on CMC but it is on CoinGecko.<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n I’m ready <\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n Q4 from Telegram User @Highpee<\/em><\/p>\n\n\n\n One of the interesting and unique feature of Avalanche blockchain is that out of any proof-of-stake protocol, it is said that you have the highest number of validators securing your operational activities. While it is necessary to incorporate more validators into blockchain validation operations, it is equally necessary to keep them as decentralized as possible in order to remove instances of bias. Can you explain haw your validators are formed or aggregated and who can become one? What is the difference between your Primary Validator and Subnet Validators? Also, I saw that you will not implement any punishment or slashing. How then do you intend to ensure your validators are of good behaviour at all times if there is no punishment check? What methods are you using to incentivise good behaviour and discourage any form bad behaviours of validators within the Avalanche ecosystem?<\/em><\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n We currently have over 1,2000 unique block-producing validators. These validators are highly decentralized runnning all over the world on different setups from cloud setups to custom setups. Validators are vital to the proper function of the network so it’s not just important that they are physically decentralized but also decentralized from a hardware and software perspective. You can see the stats of validator setups here: https:\/\/avascan.info\/stats\/staking<\/a><\/p>\n\n\n\n All validators have to validate the primary network and in\nthe future if they opt to validate subnets they can choose to do so or not\ndepending on the the permissions\/rules set by the subnet. <\/p>\n\n\n\n Avalanche platform doesn’t have slashing because we think\nit’s a bad method for running the network. The only type of punishment that the\nnetwork has is that if a validator behasves badly or have uptime below 90%,\nthey can lose their staking reward and so can their delegators, so they are\nincentived to act properly and provide exceptional uptime.<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n is it expensive to run a validator node on your network? how\nmany coins person should hold for this? and im wonder if these coins have to be\nlocked in some period of time?<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n It is not actually. You can run a validator well on\nsomething as simple as a Raspberry Pi (costs <$40). That being said, the\nplatform has a high threshold with regards to staking requirements per\nvalidator. That number is currently 2,000 AVAX minimum that needs to be staked\nto each validator in order to be included in validation\/consensus. Someone can\nchoose to validate for as short as 24 hours or as long as one year. After the\nvalidation period ends, one can choose to restake and begin validating again or\nchoose to perform another action on the network.<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n Gotcha! thank you for answers! <\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n ready for the next question?<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n Thanks for your answers<\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n Yep<\/p>\n\n\n\n D. | Satoshi Club<\/strong><\/p>\n\n\n\n Q5 from Telegram User @Cheriemike<\/em><\/p>\n\n\n\n Avanlanche\u2019s high TP performance and EVM compatibility are winning over some of the biggest names in DeFi.I read that Avalanche quickly grew up to $2B+TVL showing that your network is gaining traction.So to capitalize on your growing reputation,you launched \u201cAvalanche Rush\u201d.So tell can you give us full details of this program?And is the \u201cAvalanche Rush\u201d still available?You also allocated in the \u201cAvalanche Rush\u201d $180 million,what was that used for?Do users have to do anything to participate in the \u201cAvalanche Rush\u201d?Please kindly explain to us the benefits also.Thanks<\/em><\/p>\n\n\n\n Rocky Rock | Avalanche <\/strong>🔺<\/strong><\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-12-16_20-53-11-1024x538.jpg\")
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