{"id":1794,"date":"2020-09-12T19:06:53","date_gmt":"2020-09-12T16:06:53","guid":{"rendered":"https:\/\/esatoshi.club\/?p=1794"},"modified":"2020-09-12T19:07:01","modified_gmt":"2020-09-12T16:07:01","slug":"rocket-protocol-x-satoshi-club-ama-recap-from-8th-of-september","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/09\/12\/rocket-protocol-x-satoshi-club-ama-recap-from-8th-of-september\/","title":{"rendered":"Rocket Protocol x Satoshi Club AMA Recap from 8th of September"},"content":{"rendered":"\n

Welcome to another episode of Satoshi\nClub AMA Series. Today we would like to tell you about the AMA session with our\nfriends from Rocket Protocol<\/a>. The AMA took place on September 8 and our\nguest was @KingOfROCKET<\/a>, founder of Rocket Protocol.<\/p>\n\n\n\n

The total reward pool was $1000 and it\nwas splitted into three parts.<\/p>\n\n\n\n

In this AMA Recap we will try to\nsummarize some of the most interesting points for you.<\/p>\n\n\n\n

\n\n\n\n

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS<\/strong><\/p>\n\n\n\n

Serg | Satoshi Club: <\/strong>Our guests today are from @RocketProtocol<\/a>. @KingOfROCKET<\/a>, Welcome to Satoshi Club!<\/p>\n\n\n\n

WASP-12 b: <\/strong>Hello\neveryone. Thank you for the opportunity that has been given to us to do the AMA\nhere. 😊<\/strong><\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Hello, @KingOfROCKET<\/a> Satoshi Club community! We are pleased to\nannounce our guests from Rocket Proticol! Welcome to SatoshiClub!<\/p>\n\n\n\n

Please, introduce yourself and how did\nyou get to be involved in Rocket Protocol?<\/p>\n\n\n\n

WASP-12 b: <\/strong>Okay,\nI am the founder of Rocket Protocol. I am the CEO of 4 crypto platform\napplications. I got to know bitcoin for the first time in 2011, but serious\nabout it in the crypto world in 2016. I have experience working on several\nexchanges and crypto projects who\u2019s the tokens are listed on various great\nexchanges such as Binance, Kucoin, OKEX or MXC.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Thanks for the introduction, we will have a\nquestion selected for the Part 1. ready to start?<\/p>\n\n\n\n

WASP-12 b: <\/strong>Okay, I’m ready.<\/p>\n\n\n\n

Q1 from Bitcointalk user LuisMe7<\/strong><\/p>\n\n\n\n

You will launch your own decentralized\nexchange, but do you plan to create a mainnet for ROCK tokens? ERC20 chain is\ntoo slow and expensive\u2026<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>We will also add a decentralize exchange\nfeature in the protocol rocket platform, making it easier for members to do\ntransactions with other users safely and comfortably. And also we added a\nbarter system on our platform, this can be a solution for users who like to do\nOTC without fear of being scammed, because transactions are very clear and\ntransparent for both parties.<\/p>\n\n\n\n

And\nthan our decentralize exchanges is to complement the mobility of our members,\nso that it is easier for them to exchange ROCK tokens there or make a trade in\nanother coins\/tokens.  We are optimistic,\nthe ETH blockchain will have a better update in the future, so that all members\ncan get benefit from the blockchain built on Ethereum.<\/p>\n\n\n\n

Q2 from Bitcointalk user k.muller<\/strong><\/p>\n\n\n\n

You have a lot of tokens locked for rewards\nand other incentives. This is a huge number! Explain us how are they unlocked?\nwho is deciding that? What kind of activities can be rewarded?<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>Here\nwe have several incentive programs such as Staking, Reinvest, VIP Staking and\nLeveling of Staking, all of which require a lot of reserve tokens for rewards.\nWe would unlock the incentive tokens when our incentive programs is live. If we\ndivide too much for the team, partnership, event, marketing, or etc, we are\nworried that it will have a negative impact on the price of ROCK tokens.<\/p>\n\n\n\n

Serg | Satoshi Club: <\/strong>Any timeline for this? when are they live?<\/p>\n\n\n\n

WASP-12 b: <\/strong>For\nStaking and Reinvest programs, it will be launched soon. For VIP staking will\nlaunch and Leveling of Stake will launch at Q4 2020.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Which partnerships do you have now?<\/p>\n\n\n\n

WASP-12 b: <\/strong>Not\nyet, but there are other projects that want to make partnership with us, they\nneed help in making smart contracts for their incentive programs. We have also\ncontacted Ferrum Network and LID to make partnership, we are trying to complete\nthe requirements.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Great, we are waiting for your announcements. 😉<\/p>\n\n\n\n

Serg | Satoshi Club: <\/strong>I’ve seen there are 58% of tokens reserved for\nthis. In how much time they will be released?<\/p>\n\n\n\n

WASP-12 b: <\/strong>It\nis based on the unlock system in each of the incentive programs that we have,\nbecause there are several different regulations between the incentive programs.<\/p>\n\n\n\n

Serg | Satoshi Club: <\/strong>What are their requirements btw? or is it NDA?<\/p>\n\n\n\n

WASP-12 b:<\/strong> At Staking program \u00bb per 7 days<\/p>\n\n\n\n

At Reinvest program \u00bb per\n7 days<\/p>\n\n\n\n

At VIP Staking program \u00bb\nper 1 month<\/p>\n\n\n\n

At Leveling of Stake \u00bb 3\nmonths<\/p>\n\n\n\n

Q3 from Telegram user\n@sato_nakamo<\/strong><\/p>\n\n\n\n

There are more levels\nof staking and the incentives are different for all of them. How can someone\nget to the next level and what are the staking rewards for each level?<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>In\nthe Leveling of Stake feature, we have 3 levels, each level has 30 days, has a\nminimum difference in balance, and has different rewards. So, the level is\nhigher. At the rst level the reward is 4%, the 2nd level the reward is 5% and\nthe 3rd level the reward is 6%. For additional balance in the Leveling of Stake\nprogram, there is a minimum balance, a minimum addition of balance at each\nlevel are as follows:<\/p>\n\n\n\n

1. The first level is $1000 ROCK (4%\nrewards)<\/p>\n\n\n\n

2. The second level is $2000 ROCK (5%\nrewards)<\/p>\n\n\n\n

3. The third level is $4000 ROCK (6%\nrewards)<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Please clarify. Which is minimum balance to\nstake ROCK tokens?<\/p>\n\n\n\n

WASP-12 b: <\/strong>At\nthe normal Staking programs, minimum balance is 0.00000001 ROCK, we use that\nminimum balance because of the rules of the smartcontract on the ETH\nblockchain, we are use smartcontract for all of our incentive programs, so like\nno minimum balance for stake.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Which is the price for ROCK tokens?<\/p>\n\n\n\n

WASP-12 b: <\/strong>At\nprivate sales \u00bb $0.05\/ROCK (only 10% of the Total Supply). At public sales \u00bb\n$0.075\/ROCK (only 7.5% of the Total Supply).<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>I mean, for private sale (if you can disclose)\nand for sale on Uniswap?<\/p>\n\n\n\n

WASP-12 b: <\/strong>We\nprovide various incentive programs based on the characteristics and abilities\nof each investor, so that the programs created can be right on the target in\ndistributing the rewards to each investor. If you only have a few ROCK tokens,\nyou can join to normal Staking, if you have a lot of ROCK tokens, you can join\nat VIP Staking.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>I mean, for private sale (if you can disclose)\nand for sale on Uniswap?<\/p>\n\n\n\n

WASP-12 b: <\/strong>As\nwe know, UNISWAP have new rules for the new token project, we must listed at\nanother exchanges first, so we can listed there.<\/p>\n\n\n\n

Q4 from Telegram user @kenny_vermaelen <\/strong><\/p>\n\n\n\n

Rocket Protocol is another project with an\nanonymous team. Recently we had the sad story with SUSHI and everyone noticed\nthe possible vulnerabilities does it post for a project. Does this affected\nyou? Do you plan to reveal your identities?<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>First\nI would say, we are not the same with SUSHIT 😊 we have\nplatforms, we have whitepaper, and we have more than SUSHIT. We are promise if\nwe reached the hardcap, we would reveal our identities.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Btw, do you plan your smart contract to be\naudited?<\/p>\n\n\n\n

WASP-12 b: <\/strong>Yes,\nin our team, we make audited too, to keep our smart contracts safe, we try to\ncheat on our smart contracts so that we can find bugs in our smart contracts. We\nneed more than 2 weeks for build Staking smart contract btw, until all fixed\nand safe.<\/p>\n\n\n\n

Serg | Satoshi Club: <\/strong>What about external auditing?<\/p>\n\n\n\n

WASP-12 b: <\/strong>If\nit’s so necessary, why not? it is for the common good. 😊<\/p>\n\n\n\n

Q5 from Telegram User @Jhonathanch<\/strong><\/p>\n\n\n\n

Since your barter system in your wallet is\nbased on Erc-20, is it limited to only supporting Erc-20 tokens? Do you plan to\ninclude other tokens or other blockchain based coins? Thank you!<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>On\nour decentralized exchanges, we can provide bartering for several token based,\nbut for the initial stage, we provide a barter system for token based ERC20\nfirst, in the next update we will provide barter for other token based, we\ndon’t want to be too hasty so raises many problems\u2026 step by step and always\nhave a new update in our platform and products. We try to provide what our members\nwant.<\/p>\n\n\n\n

Serg | Satoshi Club: <\/strong>If we can’t know your identity, can we at\nleast know where are you from?<\/p>\n\n\n\n

WASP-12 b: <\/strong>One\nof the MVPs that I have in another project has also provided a bartering system\ntoo btw, and can barter for other coins or token based. From the earth, not\nfrom Mars or Pluto.<\/p>\n\n\n\n

Q6 from Telegram User @OlegDubinskiy<\/strong><\/p>\n\n\n\n

Is ROCKET a decentralized open source protocol\nthat anyone can contribute to? If so, what is the control structure of the\nROCKET protocol?<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>Yes,\nwe would add web3 system on our exchanges, or login by Private Keys, so don\u2019t\nhave custodian system, just login with your wallet.<\/p>\n\n\n\n

\n\n\n\n

PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n

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

Q1 from Telegram User @Nickkiii<\/strong><\/p>\n\n\n\n

I’m interested in investing the\nprivate sale round, what are the details of this round, and what\ncryptocurrencies would be supported for investment?<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>Thank you! we are glad to hear that, this is the\nfull info about our private sales:<\/p>\n\n\n\n

Rocket\nProtocol Private Sales have been started. We will distribute your all ROCK\ntokens after Public Sales ended. <\/p>\n\n\n\n

Purchase address:<\/strong> 0xEb5bb19344a523516824beE90d846E109068CF36<\/p>\n\n\n\n

Supply:<\/strong>\n10,000,000 ROCK (10% of the Total Supply)<\/p>\n\n\n\n

Price:<\/strong>\n$0.05\/ROCK<\/p>\n\n\n\n

Private Sale date:<\/strong> 5th – 13th September 2020<\/p>\n\n\n\n

Minimum Purchase:<\/strong> $50<\/p>\n\n\n\n

Currencies Accepted:<\/strong> ETH, USDT (ERC20)<\/p>\n\n\n\n

Q2 from Telegram User @endtimeprophet<\/strong><\/p>\n\n\n\n

Explain VIP staking and how it’s\nbetter than normal staking<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>1.\nStaking<\/p>\n\n\n\n

The staking feature is the main\nfeature of the rocket protocol, the investors can hold ROCK tokens and get rewards.\nThere is no minimum staking balance, so anyone can join our staking program.\nThe investors will get a reward around 4% for 30 days from the number of tokens\nstaked, and to maintain price stability, we will give penalty by cutting 7% of\nthe number of tokens staked if someone cancels the staking before 30 days.<\/p>\n\n\n\n

We will also display a leaderboard for\nthe staking program that is visible to all. Example of calculating rewards in\nthe Staking program: If the staker stakes 1000 ROCK in 30 days.<\/p>\n\n\n\n

Reward: 1000 ROCK x 4% = 40 ROCK <\/p>\n\n\n\n

Total Balance after Staking: 1000 ROCK\n+ 40 ROCK = 1040 ROCK<\/p>\n\n\n\n

2. VIP staking<\/p>\n\n\n\n

Unlike the normal staking feature,\nthis feature can get more rewards, but there is a minimum number of tokens that\nmust be stored and locked for 30 days. This feature is intended for investors\nwho have quite a lot of ROCK tokens. The minimum balance that can be stake in\nVIP Staking is $ 10,000 ROCK. The reward will be around 7% for 30 days from the\nnumber of tokens staked.<\/p>\n\n\n\n

Example of calculating rewards in the\nVIP Staking program: If the investor stakes 100,000 ROCK in 30 days.<\/p>\n\n\n\n

Reward: 100,000 x 7% = 7000 ROCK<\/p>\n\n\n\n

Total Balance after staking: 100,000\nROCK + 7000 ROCK = 107,000 ROCK<\/p>\n\n\n\n

Note: Balance and Rewards will be\nlocked for 30 days.<\/p>\n\n\n\n

Both have differences in minimum\nbalance, unlocked balance + rewards, and etc. But the rewards of VIP Staking\nare greater than Staking<\/em><\/p>\n\n\n\n

Q3 from Telegram User @Idee01<\/strong><\/p>\n\n\n\n

Can you share with us your next big\nmilestone? What products is Rocket Protocol currently working on to make the\nplatform attractive to crypto and non-crypto users?<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>We\nhave plan to make public sales at MOONISWAP at first, make liquidity at there\ntoo, after we have listed there, we want to apply listing at UNISWAP, because\nat UNISWAP have an upgrade rule, we can\u2019t directly list there, we should have\nlisted at another exchanges. After this plan is implemented, we will list on\nHOO and MXC and at in the end we really want to listed at Binance. Our Staking\nplatform will be launched soon.<\/p>\n\n\n\n

Q4 from Telegram User @DiegoRME<\/strong><\/p>\n\n\n\n

To enter your staking system, do I\nneed to go through a KYC verification?<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>You\ndon\u2019t need it and there is no minimum balance for normal Staking program.<\/strong><\/p>\n\n\n\n

Q5 from Telegram User @Tony253210<\/strong><\/p>\n\n\n\n

Rocket\nProtocol have plans to almost everything related to a good crypto project, but\ni am curious, from where comes that Big confidence? Considering that you still\nhas no achieve so many milestones? Why an investor should have trust in you?<\/p>\n\n\n\n

WASP-12 b: <\/strong>With\nour mission and vision to build several decentralized products and incentive programs\nin order to have a good economic model for us and our investors. We try to be\nmore transparent, focused and detailed with what we build and the data we\npresent to our members and investors, this aims to help them easily calculate\nand predict how much port they will get from the results of the ROCKET PROTOCOL\nproject.<\/p>\n\n\n\n

We provide various incentive programs\nbased on the characteristics and abilities of each investor, so that the\nprograms created can be right on the target in distributing the rewards to each\ninvestor.<\/p>\n\n\n\n

Apart from creating several incentive\nprograms, we will also create a wallet and decentralized exchanges to complete\nthe Rocket Protocol business wheel. The wallet that we will create serves as a\nstorage, instant exchange or staking. While the decentralized exchange that we\nwill create has its uniqueness when compared to other DEXs, we will combine the\nCEX display with the DEX system, but we do not use a custodian login system,\nall members only log in by connecting their wallet on our exchange, all are anonymous\nso members’ personal data are very well maintained, and our security system is\nvery safe because the log in system uses the web3 system. We also provide a\nbartering system on our decentralized exchange.<\/p>\n\n\n\n

Q6 from Telegram User @CryptoDurden<\/strong><\/p>\n\n\n\n

The question is about your product.\nHow does the Rocket Protocol VIP bet work? How can I get a higher percentage of\nthe reward?<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>You\nmust have minimum balance $10,000 $ROCK to joined on the VIP staking.<\/strong><\/p>\n\n\n\n

Q7 from Telegram User @yzmoney<\/strong><\/p>\n\n\n\n

Please tell us, why do you set such a\nlow hardcap of $1,062,500? How do you arrive in such a number and how long will\nthe fund sustain your operation?<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>To\ncreate an incentive program and several decentralized products, it doesn’t require\na lot of money, especially since we already have experience in that field, we\ndon’t want to steal money, but we need funds to build a project that can last a\nlong time.<\/strong><\/p>\n\n\n\n

Q8 from Telegram User @Dreamy_genius<\/strong><\/p>\n\n\n\n

What innovations has Rocket brought\nto the DEFI space? How is Rocket changing the new DeFi ecosystem and what are\nthe plans for the next few years?<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>This\nis Rocket Protocol Economic Model. We are build several incentive programs and\ndecentralized products, not only just build staking program like any other DeFi\nproject, in order to have a good economic model for us and our investors.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Q9 from Telegram User @tv100029<\/strong><\/p>\n\n\n\n

When developers implement their chosen smart\ncontract, they encounter a connectivity problem. Their smart contract is unable\nto connect with key external resources like off-chain data and APIs smart\ncontracts can’t access data on their own. How did Rocket Protocol DEV team deal\nwith this smart contracts\u2019 problem? How does Rocket Protocol apply for a\nwitness node or deploy\/manage a smart contract?<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>We\ndid several experiments to test the performance of the smart contract that we\nmade with several cases, and also we tried to cheat on our smart contract so\nthat we could find some bugs or errors, so that after we deploy and implement\nit, we will minimize the errors. there will be.<\/strong><\/p>\n\n\n\n

Q10 from Telegram User @BboyForteVZLA<\/strong><\/p>\n\n\n\n

What is special about your security?\nCan you tell me more about rocket protocol security?<\/em><\/p>\n\n\n\n

WASP-12 b: <\/strong>In\nour incentive program or our decentralized products, security will be focused\non the smart contract platform, considering that the UI is a bridge between the\nsmart contract and the user to make transactions easier. In addition, we will\nmake the smart contract as transparent as possible and all transactions can be\nseen with events from the smart contract.<\/p>\n\n\n\n

\n\n\n\n

PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n

As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about Rocket Protocol. A link to a Quiz\nform were sent into the chat. Participants had 10 minutes to answer. 600$ were distributed\namong winners.<\/p>\n\n\n\n

For more information and future AMAs, join our\nSocial Media channels: <\/strong><\/p>\n\n\n\n

English\nTelegram group: https:\/\/t.me\/Satoshi_club<\/a> <\/p>\n\n\n\n

Russian\nTelegram group: https:\/\/t.me\/satoshi_club_ru<\/a> <\/p>\n\n\n\n

Spanish\nTelegram group: https:\/\/t.me\/satoshi_club_spanish<\/a> <\/p>\n\n\n\n

Telegram\nChannel: https:\/\/t.me\/satoshi_club_channel<\/a> <\/p>\n\n\n\n

Website: https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n

Twitter:\nhttps:\/\/twitter.com\/esatoshiclub<\/a>  <\/p>\n\n\n\n

Our Partners: <\/strong>\n\nROCKET\nPROTOCOL GLOBAL GROUP: https:\/\/t.me\/RocketProtocol<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome to another episode of Satoshi Club AMA Series. Today we would like to tell you about the AMA session with our friends from Rocket Protocol. The AMA took place on September 8 and our guest was @KingOfROCKET, founder of Rocket Protocol. The total reward pool was $1000 and it was splitted into three parts. […]<\/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\/1794"}],"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=1794"}],"version-history":[{"count":1,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/1794\/revisions"}],"predecessor-version":[{"id":1797,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/1794\/revisions\/1797"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=1794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=1794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=1794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}