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 \u00a0Cylum Finance and our guest was . The AMA took place on the 26th of March<\/p>\n\n\n\n
The AMA session was divided into 3 parts with a total crypto reward pool of $500<\/p>\n\n\n\n
In this AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Hello Dear Satoshi Clubbers welcome to our AMA with Cylum\nFinance<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Hello everyone and welcome to our AMA Session with Cylum\nFinance!<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Our guest today is @JaimeGreene<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n @JaimeGreene, welcome to Satoshi Club!<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/strong><\/p>\n\n\n\n @JaimeGreene welcome to Satoshi club<\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n Hello guys, am pleased to be here.<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Great to see you here at Satoshi Club!<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n We are Glad to have you here<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n How are you today?<\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n Doing absolutely great, with such an amazing community.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Awesome<\/p>\n\n\n\n Let’s start our AMA <\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n And we are excited to have you here as guest!<\/p>\n\n\n\n Let’s GO!<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Can you please introduce yourself to us, how you got into\ncrypto and how Cylum Finance started?<\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n Owing to the concept of crypto staking\u2014a unique phenomenon\nthat has been around for a couple of years\u2014crypto token holders can now put\ntheir assets to work in exchange for annual percentage yields [APYs]. While\nhundreds of protocols have been designed to incentivize token holders for\ncommitting their holdings to their platforms, Cylum Finance, a nascent\nsustainable protocol in the DeFi 3.0 space, has been launched to pioneer a paradigm\nshift in how token holders receive rewards. <\/p>\n\n\n\n Cylum Finance is A sustainable, reliable automation protocol\nthat allows users to put their tokens to work in high-producing investment\nopportunities, Cylum Finance has incorporated a plethora of unique features,\nwhich, according to the founding team, gives it a competitive advantage over\nother DeFi.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Impressive <\/p>\n\n\n\n How many people do you currently have working on this\nproject?<\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n As of now, we have 5 active team members, with massive\nfanbase\/supporters.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Are they all anonymous?<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Should be enough to give a shape of a new born project <\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n No, we are all open to the community, as this is a community\nproject, transparency is everything to us.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n So what is Cylum Finance all about?<\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n Owing to the concept of crypto staking\u2014a unique phenomenon\nthat has been around for a couple of years\u2014crypto token holders can now put\ntheir assets to work in exchange for annual percentage yields [APYs]. While\nhundreds of protocols have been designed to incentivize token holders for\ncommitting their holdings to their platforms, Cylum Finance, a nascent\nsustainable protocol in the DeFi 3.0 space, has been launched to pioneer a\nparadigm shift in how token holders receive rewards. <\/p>\n\n\n\n Cylum finance has built a sustainable, reliable automation\nprotocol that allows users to put their tokens to work in high-producing\ninvestment opportunities, Cylum Finance has incorporated a plethora of unique\nfeatures, which, according to the founding team, gives it a competitive\nadvantage over other DeFi<\/p>\n\n\n\n Cylum Protocol is the most user-friendly decentralized hub\nto start your cryptocurrency journey. <\/p>\n\n\n\n You can earn as much as 395% in the first Year.<\/p>\n\n\n\n First LIVE Dapp:\nCylumNFT where anyone can launch their NFT Games using Unity on Cylum &\n#BSC and soon on multiple chains. <\/p>\n\n\n\n Next Dapps in\nEcosystem:<\/p>\n\n\n\n – Cylum AutoStake: Auto-staking in Wallet without doing\nanything.<\/p>\n\n\n\n – Cylum Autocompound: Rewards gets compounded and yields are\neffortless.<\/p>\n\n\n\n -Cylum Autoburn: For every transaction done on our\nblockchain, tokens are sent to the burn adress (chimney) tohelp increase price\nfloor.<\/p>\n\n\n\n – Cylum Cylinder: Cold arbitrage wallet to prevent price\ndumps.<\/p>\n\n\n\n -CylumNFT: Launchpad for Metaverse Games.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n This is great and Exciting<\/p>\n\n\n\n Thank you for the introduction<\/p>\n\n\n\n We will now proceed our community questions<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q1 From Telegram User @Ask4unik<\/em><\/p>\n\n\n\n I read that CYLUM first mainnet offering launch has commenced,and users are given the opportunity to acquire and lock in more $CYM tokens at a cheaper rate of 0.00001BNB,which will begin at March 19th and end at April 19th.Would their be a fixed amount $ CYM to be locked in your pool? What privileges will holders of $CYM Token enjoy? Are there set out rules and conditions? So when will the mainnet of CYLUM be launched?Explain thanks<\/em><\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n okay<\/p>\n\n\n\n Yes the tokens bought would be locked for staking, and\nrewards would be auto-compounded in users wallets.<\/p>\n\n\n\n The official launch of the maxQ main-net is 25th May 2022<\/p>\n\n\n\n Every details about the main-net can be found on the whitepaper https:\/\/docs.cylum.io<\/a><\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for sharing the white paper and for your answers\nas well<\/p>\n\n\n\n 25th may is bout two months from now<\/p>\n\n\n\n Do you want to add anything or can we proceed to the next\nquestion?<\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n Proceed<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q2 From Telegram User @Meta_MateX<\/em><\/p>\n\n\n\n One more specific feature offered by Cylum Finance is Cylum Cylinder \u2013 a cold storage wallet that stores a significant amount of BNB. The cylinder will aid in controlling significant price declines caused by holders selling in order to maintain the token\u2019s price. How exactly will it control Cylum token price? What other tokens will it be possible to store on Cylinder? When do you expect it to be LIVE for users? Thanks in advance!<\/em><\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n if you check out cylum cylinder adress, there is large dao\nreserve fund about 1.000,000$ which is set out to help the price floor of the\nproject incase of massive rewards dumps from whales and big investors.<\/p>\n\n\n\n Yes more funds and tokens would be allocated to the cylinder\nwith more time.<\/p>\n\n\n\n This fund would maintain a healthy growth and stability.\nevery detailed information can be found in the docs below:<\/p>\n\n\n\n https:\/\/docs.cylum.io\/cylum-cylinder<\/a><\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n So, you also plan to set DAO. What will the conditions for\nthe community to get voting power?<\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n As said earlier community trust and transparency is our\noptimal goal, we would be setting up a cylum DAO, where users can be rewarded with points, and the more a\nholder holds, the more points the holder accumulates in the DAO programme.<\/p>\n\n\n\n More details would be made on this in the nearest future.<\/p>\n\n\n\n You can follow our social media to stay connected.<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n SatoshiClubbers, do not lose a chance to follow promising\nproject! <\/p>\n\n\n\n Thank you for your answers! Ready to see next question?<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Let’s proceed to the question nr3<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q3 From Telegram User @LoisZeal<\/em><\/p>\n\n\n\n From what I saw on your roadmap,you will be initiating a Bounty Campaign,Twitter Marketing Campaign and YouTube Marketing Campaign.So I want to asked,Are you hiring individuals for the said campaign mentioned above because I am a marketer by profession.As an Interested user,how can I join in either of the Twitter or YouTube Marketing Campaign,how can those who are interested also apply for such?What are the specific requirements you need to participate in the campaign?As for the Bounty Campaign,is it about Bug Bounty an avenue where users can identify some viruses or some vulnerable attack on your platform?Will this be assign to your community members or like a third-party firm to help track or identify bugs on your platform?You didn\u2019t mention when any of the Campaign will officially begin,so can you tell us that and also if rewards\/incentives be giving to users?Kindly explain Thanks<\/em><\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n We are trying as much as possible to stay updated with our\nroadmap, we would be holding more segments of the roadmap, as time passes,\ncommunity bounty, bug bounty, social media bounty e.t.c are all plans of the massive plans\nincorporated.<\/p>\n\n\n\n As a marketer the easiest way to reach out to us is via\nemail @support@cylum.io<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Can you share your roadmap or a link to it here for us?<\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n https:\/\/docs.cylum.io\/roadmap<\/a><\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for sharing <\/p>\n\n\n\n Let’s proceed to the next question now<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q4 From Telegram User @GracieEne<\/em><\/p>\n\n\n\n I read that the CYLUM Cypher is a unique wallet within the Cylum ecosystem and this wallet is funded by a percentage of the fees associated with buy and sell transactions in the ecosystem. I would like to know what percentage of the buy and sell fees do you use to fund development of the Cypher wallet ? You also made mention of the Cypher intending to support the Cylinder and to fund new Cylum goods, services, and projects that expand and strengthen the Cylum\u2019s use cases and economy. Is there a particular amount that is allocated to the funding of new Cylum goods and projects? For how long will you fund this good projects and services? Asides funding, In what other ways does Cypher intend to support the Cylinder?<\/em><\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n 3% tax from both buy\/sell tax, the fund would be used to\nsupport marketing\/promotion of cylum, there is no particular amount as\nthis fund can change at anytime due to\ninflux of transactions\/people.<\/p>\n\n\n\n Funding would go as long as possible.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n So asides supplying funds will there be other supports?<\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n I don’t understand this question<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n So, you will use 3% of tax for supporting Marketing and\nPromotion campaigns. Do you also plan to make any additional community directed\npromos – like airdrops for ex.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Asides marketing and promotion what else will be done as a\nform of support or development for Cylinder, will all the funds go for only\nthis two things you mentioned or will ther be other things like, funding the\ndevelopment of project features, securing partnerships, onboarding more people\ne.t.c<\/p>\n\n\n\n Jaime Greene<\/strong><\/p>\n\n\n\n Yes our tokenomics support this, we have an allocated supply\nfor airdrop\/bounties.<\/p>\n\n\n\n Which is 1% of our total supply, you can find detailed information here: https:\/\/docs.cylum.io\/token-distribution-and-lock<\/a><\/p>\n\n\n\n