{"id":1971,"date":"2020-09-30T11:04:15","date_gmt":"2020-09-30T08:04:15","guid":{"rendered":"https:\/\/esatoshi.club\/?p=1971"},"modified":"2020-09-30T11:04:18","modified_gmt":"2020-09-30T08:04:18","slug":"crypto-locally-x-satoshi-club-ama-recap-from-25th-of-september","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/09\/30\/crypto-locally-x-satoshi-club-ama-recap-from-25th-of-september\/","title":{"rendered":"Crypto Locally x Satoshi Club AMA Recap from 25th of September"},"content":{"rendered":"\n

Hello community. Today we would like to tell you about the AMA session with our friends from Crypto Locally<\/a>. The AMA took place on September 25 and our guest was Jae Chung.<\/p>\n\n\n\n

The total reward pool was $500 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

Mary | Satoshi Club: <\/strong>Hello, Satoshi Club! Today we are\nproud to announce that our guest today is from @cryptolocally<\/a>! @jaechung<\/a> welcome to Satoshi Club. 😀<\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>Hey hey.<\/p>\n\n\n\n

Serg | Satoshi Club: <\/strong>How are you today?<\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>Doing well. How are you guys?<\/p>\n\n\n\n

Serg | Satoshi Club: <\/strong>Doing great as well \ud83d\ude42 we just saw\nyour news.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Happy to see you here) please, tell\nus about yourself and, of course, about CryptoLocally.<\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>I started coding when I was 13, and\nstarted working at a couple tech startups as a teenager. I met Hugo at a\ncompany called Jobable in Hong Kong, where we got to work on a blockchain project\ntogether. I was impressed by both the technology and community behind it, and I\nstarted contributing to the EOS community as a developer. I wrote open source\nscripts that helped start and peer nodes, and launch a network (Ghostbusters\ninfrastructure standards). I found a vulnerability in EOS.IO that qualified for\na bug bounty and wrote an automated testing suite for EOS system smart\ncontracts (now integrated into Block.one\u2019s codebase). I also helped launch the\nEOS mainnet along with a few other developers. Outside of starting HKEOS, I\nadvised Lumeos and Uncloak, worked as a tech consultant, and started\nCryptoLocally with Hugo.<\/p>\n\n\n\n

Serg | Satoshi Club: <\/strong>Sale is soon?<\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>Yes, Tuesday 13:00 UTC.<\/p>\n\n\n\n

Serg | Satoshi Club: <\/strong>Is there a whitelist? or anyone can\njoin?<\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>There was a whitelist lottery\nyesterday, and there may be a flash second round soon haha. Anyone can join the\nactual public sale. Check this article out for more details: https:\/\/medium.com\/@cryptolocally\/the-giv-distribution-event-details-b2e9bf45458f<\/a>\n<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Will the price for GIV sale be fixed?<\/p>\n\n\n\n

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

Jae Chung | CryptoLocally: <\/strong>It is a bonding curve sale, the price\nstarts at 0.0065 USDC\/GIV and follows a bonding curve. 30M GIV tokens (3% of\nsupply) is the hard cap for the public sale.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Higher and higher) does it mean first\ncome first serve? Btw, as I know you had successful private funding for GIV?\nCan you disclose which price was for it?<\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>Nope! The auction is designed so that\nthere is a fair chance for everyone, it’s a batch auction, so orders are\nfulfilled in 5 minute intervals. There are no front running issues that you\nnormally find in Uniswap.<\/p>\n\n\n\n

The order\ninterface will be revealed on the CryptoLocally (https:\/\/cryptolocally.com\/)\nwebsite before the time of public sale (Tues 13:00 UTC). Alternatively, you can\nfind the interface on Mesa (http:\/\/mesa.eth.link\/), which is already available.<\/p>\n\n\n\n

Yes! Here\nare the details: GIV closes 30x oversubscribed pre-sale led by Alameda\nResearch, IOSG Ventures, NGC Ventures, Genesis Block, 3Commas, Smile Research,\nand One Block Capital, https:\/\/finance.yahoo.com\/news\/giv-decentralized-fiat-gateway-defi-144700755.html<\/a>\n<\/p>\n\n\n\n

Prices for\nthe round, allocation, tokenomics are all transparently published: https:\/\/medium.com\/@cryptolocally\/about-the-giv-token-33ec2878cc37<\/a>\n<\/p>\n\n\n\n

0.004\nUSD\/GIV for private sale. So the public sale initial price is very close to it.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>Which cryptocurrency I can use for\nbuying?<\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>Only USDC will be accepted to avoid\nconfusion.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>And can you tell us about early\nsupport from Binance and Tron? How did they support CryptoLocally?<\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>Sure! We are Binance Fellows and\ncollaborated with Binance to integrate Binance Chain \u2014 they helped promote. Same\nas Tron, we integrated Tron and did a big marketing\/promotion\/PR push together.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>Great introduction! thanks! i thing\nwe ready for the questions from our community.<\/p>\n\n\n\n

Q1 from bitcointalk user linderm<\/strong><\/p>\n\n\n\n

When I take a first look at\ncryptolocally, it reminds me of localbitcoins. Is a better version of it or it\nis something totally different?<\/em><\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>At CryptoLocally we upgraded\ntraditional escrow systems by using smart contracts. This feature completely\nremoves the third party from a trade while keeping a tight security layer\nthroughout the trading process.<\/p>\n\n\n\n

Smart\ncontract escrows enable users to trade among themselves without having to\ndeposit their funds to an exchange wallet. The assets are directly sent to the\nsmart contract address and released only when the seller confirms the payment\nreception. CryptoLocally doesn\u2019t get full control of any users\u2019 funds.<\/p>\n\n\n\n

There’s also\na few key differentiators: First of all, we have a wider range of coins and\ntokens available for trading compared to LocalBitcoins or Paxful. On\nCryptoLocally, you can trade EOS, ETH, TRX, USDT, BNB, and more (20+ tokens). <\/p>\n\n\n\n

Second,\nthere is no KYC verification needed for P2P trading on CryptoLocally and the\nDeFi feature. You can start using our platform right after signing up with your\nemail address. This is because CryptoLocally is non-custodial, meaning that we\nare never in control of your funds. Instead, the selected crypto is sent\ndirectly to the smart contract on-chain and is secured by the escrow until the\nend of the trade. <\/p>\n\n\n\n

Third, we\u2019re\nthe first P2P trading platform with a DeFi feature! We recently released the\nFinance Wallet, allowing you to earn interest on your cryptocurrencies,\nhassle-free. And finally, we have our own native token called GIV. You will\nearn GIV every time you or one of your referrals complete a trade on\nCryptoLocally.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>What features Finance Wallet will\nhave? What advantages i will have by using it?<\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>CryptoLocally\u2019s Finance Wallet v1\nallows users to earn interest on their digital assets through a simple set-up\nprocess. It has been designed with ease-of-use in mind so that anyone can gain\naccess to DeFi. There is no need to install or use any third party software.\nUsers can earn interest in just two simple steps:<\/p>\n\n\n\n

1.\nDeposit\/buy crypto into the Finance Wallet<\/p>\n\n\n\n

2. Toggle on\nthe button to start earning interest <\/p>\n\n\n\n

So far the\nfeature allows users to earn interest on GIV, USDT, DAI, ETH, and USDC, but the\nteam plans to add more cryptocurrencies to the feature soon.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>I have heard if I lose my password\nfrom my Finance Wallet – I lose my funds? it that true?<\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>You can back up your key in account\nsettings, it reminds you to do so when you initialize the Finance Wallet.<\/p>\n\n\n\n

For more\nabout the future: <\/p>\n\n\n\n

Finance\nWallet v1 uses Compound in order to generate interest for its users, but\nFinance Wallet v2 and v3 will come with significant upgrades while the simple\nUI remains the same. <\/p>\n\n\n\n

With v2,\nusers will be able to earn risk-adjusted, optimal yield through yield farming\nsmart contracts on Ethereum. CryptoLocally plans to integrate some of the most\npromising yield aggregators such as idle.finance, which utilizes lending\nprotocols including Compound, Fulcrum, dy\/dx, Aave, and Maker, in order to\nincrease yield based on risk tolerance and strategy. They will also increase\nthe total potential APY earned for each user by adding GIV staking rewards\nbased on how much they stake into the CLVs. V3 will scale this model further\nwith yield optimizing smart contracts deployed on Tron, Binance Chain, EOS.IO\nchains, and Solana, which will open up whole new yield opportunities for users,\nall in one place. By doing so, CryptoLocally will have a gateway to a complete\necosystem around DeFi for both retail and enterprise users, anchored by its\nnative GIV token.<\/p>\n\n\n\n

Q2 from bitcointalk user bulbulahad<\/strong><\/p>\n\n\n\n

Which are the minimum requirements to\nbe considered a SELLER into Cryptolocally ? There is necessary complete any\nKYC?<\/em><\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>There are no minimum requirements.\nAnyone can become a seller! You can actually make a lot of income by becoming a\nseller on CryptoLocally.<\/p>\n\n\n\n

1. Arbitrage\n\u2014 You can put up offers above market price and sell to make profits.<\/p>\n\n\n\n

2. Arbitrage\n\u2014 You can buy back below market price.<\/p>\n\n\n\n

3. You earn\nGIV through referrals and trading bonuses as well<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>By the way, don’t you afraid to meet\nwith some government requirements? As you don’t have verification?<\/p>\n\n\n\n

Jae Chung |\nCryptoLocally: <\/strong>Well\nthe whole design of our platform is different, It’s more like a CraigsList\/EBaym\nfor cryptos. We never touch the fiat, and we are never in full control of the\ncryptos through the smart contract escrows.<\/p>\n\n\n\n

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

If I am not wrong, you started with\nEOS at the beginning and added more currencies step by step. How many\ncurrencies are available right now and what’s the process for approval?<\/em><\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>There are 20+ cryptocurrencies\navailable on CryptoLocally right now. These are across multiple\nchains\/protocols.<\/p>\n\n\n\n

Process for\napproval has usually been through partnerships and suggestions by our\ncommunity. In the future, GIV token holders will decide through GIVernance. GIV\nwill evolve to be a governance token on the platform, offering a truly\ndecentralized solution. Voting rights will offer GIV holders the ability to\ncontrol the level of inflation, interest and free float (by way of token\nburns), vote on CLV strategies and finally vote for new listings on CryptoLocally.<\/p>\n\n\n\n

Q4 from Telegram Username @stekbyte<\/strong><\/p>\n\n\n\n

What is the average monthly trade\nvolume on CryptoLocally?<\/em><\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>At the moment it’s annualizing\nseveral million, month by month it has been increasing +50% or so.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>And how many users do you have?<\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>I thought we had 15K+ users but we’re\nwell above 20K+ users since early Sept \ud83d\ude00 numbers keep growing so fast.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Yes, that’s fast. Do you have any\nstatistics by countries?<\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>Yep! Our top country as of last month\nis Nigeria now \ud83d\ude42<\/p>\n\n\n\n

Then we have:<\/p>\n\n\n\n

– Philippines<\/p>\n\n\n\n

– Indonesia<\/p>\n\n\n\n

– India<\/p>\n\n\n\n

– USA<\/p>\n\n\n\n

Q5 from Telegram Username @sardasa<\/strong><\/p>\n\n\n\n

One inevitability that often arises\non P2P trading platforms like yours are Disputes. How does Cryptolocally\nresolves them?<\/em><\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>In case of dispute between the two\nparties, if the buyer doesn\u2019t pay or the seller doesn\u2019t want to release the\nescrow each of them can easily open a dispute by clicking on the button \u201cOpen\ndispute\u201d. In this case, the smart contract (Escrow) will be locked\nautomatically and our support team will promptly contact each party to obtain\nevidence to substantiate the claim. After reviewing each side\u2019s evidence, the\nsupport team will release the escrow if the payment has indeed been made. If\nthe payment hasn\u2019t been made, the funds will be returned to the seller.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>It sounds a bit like a bank to be\nhonest, which can freeze my money at some point, and decide what to do next.<\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong>Well in this case we have neutral\narbitrators, other P2P platforms do a similar thing as well. We can’t take the\nfunds anywhere though it can only either be returned to the seller or sent to\nthe seller the smart contract just waits for an additional verification in\ndispute because it goes into “locked” status. So this part is a bit\nmore advanced and better than how other platforms handle it in my opinion.<\/p>\n\n\n\n

Q6 from Telegram Username @cenderlifurki<\/strong><\/p>\n\n\n\n

Is $GIV the only CryptoLocally token?\nIs there any benefit on the platform for holding this token? Also, is this\ntoken mineable? What are the profits?<\/em><\/p>\n\n\n\n

Jae Chung |\nCryptoLocally: <\/strong>Yes.\nIt’s the only native token on CryptoLocally. GIV was first integrated into\nCryptoLocally as a native discount and incentive token. At the moment, you can\nearn $GIV while trading on CryptoLocally, after each trade, both users are\nawarded GIV based on the traded amount. You can also earn interest on your GIV\nholdings directly on the Finance wallet. There are also a couple cool features\nlike boosting your offers or discount coupons with your GIV.<\/p>\n\n\n\n

GIV will be a governance token on the CryptoLocally, creating\na truly decentralized gateway to blockchain and DeFi. GIV holders will receive\nvoting rights, which will give them the ability to control the level of\ninflation, staking rewards, free float (by way of token burns), vote on CLV\nstrategies and even vote for new listings on CryptoLocally.<\/p>\n\n\n\n

Further (and more) staking rewards will be announced in the\nnear future as well. \ud83d\ude42<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>So, if i will sell EOS on your\nplatform, i will earn GIV?<\/p>\n\n\n\n

Jae Chung |\nCryptoLocally: <\/strong>Yep!\nAny trading pair you can earn GIV.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Which blockchain you will use for\nGIV?<\/p>\n\n\n\n

Jae Chung |\nCryptoLocally: <\/strong>GIV\nis on Binance Chain and Ethereum (BEP-2, ERC-20). You can find the info here: https:\/\/medium.com\/@cryptolocally\/about-the-giv-token-33ec2878cc37<\/a><\/p>\n\n\n\n

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

There’s a bridge \u2014 users can move however much they want\naround, it’s 50-50 to begin with.<\/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 guest chose some of them. <\/p>\n\n\n\n

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

What are the key points\nattracted angel investors join your public sale – a bonding curve sale? What\nare the key points attracted angel investors join your public sale – a bonding\ncurve sale?<\/em><\/p>\n\n\n\n

Jae Chung |\nCryptoLocally: <\/strong>We\nchose to use a sigmoidal bonding curve because of the benefits that this\nbonding curve type presents for token sales. The behavior of sigmoid functions\nrequires the selection of a maximum token value before price discovery has\noccurred. This prevents late-stage investors from purely benefiting from\nincreasing token supplies. At CryptoLocally, we want early adopters and\nparticipants to benefit from the token sale. We also chose the Bonding Curve\nDistribution because it solves two big issues with most Uniswap IDOs:<\/p>\n\n\n\n

1. Frontrunning via bots (making it impossible for real\ninvestors to participate early)<\/p>\n\n\n\n

2. Participants competing on factors other than the price\nthey are willing to pay<\/p>\n\n\n\n

Gnosis Protocol (Mesa auction) addresses the above issues,\nsignificantly reducing the risk of front-running, and allows a more accurate\nprice discovery to occur. The Gnosis Protocol alone does not solve the\nliquidity issue however, which is why CryptoLocally (GIV) has decided to seed\nan incentivized Balancer Pool immediately after the auction.<\/p>\n\n\n\n

💎<\/strong>GIV WHITELIST ROUND 2<\/strong>💎<\/strong><\/strong><\/p>\n\n\n\n

🔥🔥(https:\/\/docs.google.com\/forms\/d\/11aOWto9AZWXbjuwFPnUOORj72dpyKBuEtHH1zs9bcyk\/edit<\/a>)\nParticipation Form (https:\/\/forms.gle\/kieGxWbTpp5Nwk1SA<\/a>)\n🔥🔥<\/p>\n\n\n\n

Round 1 of GIV public sale whitelisting closed in just 15\nMINUTES!!<\/p>\n\n\n\n

To reciprocate the love showered by our community, we’ve\ndecided to open a small round 2. We will only count submissions up to the first\n5,000.<\/p>\n\n\n\n

This’ll be a great opportunity for those who’ve missed the\nround 1, <\/p>\n\n\n\n

This is your final chance to secure a guaranteed allocation🦾<\/p>\n\n\n\n

⚠️⚠️⚠️EVEN IF YOU ARE NOT SELECTED,\nEVERYONE CAN PARTICIPATE IN OUR PUBLIC SALE! 👉👉Learn more (https:\/\/medium.com\/@cryptolocally\/the-giv-distribution-event-details-b2e9bf45458f<\/a>)👈👈<\/p>\n\n\n\n

Our private sale was successfully oversubscribed by 30x from\nour partners at Alameda Research, NGC Ventures, Genesis Block and One Capital.\nGiants like Binance and Tron have been our early supporters. 🤝<\/p>\n\n\n\n

❗<\/strong>️MANDATORY CONDITIONS<\/strong>❗<\/strong>️<\/strong><\/p>\n\n\n\n

1) Follow us on twitter<\/p>\n\n\n\n

 (http:\/\/twitter.com\/cryptolocally<\/a>)2)\nJoin our telegram channel<\/p>\n\n\n\n

 (http:\/\/t.me\/cryptolocally<\/a>)3) Join our\ntelegram announcement<\/p>\n\n\n\n

 (http:\/\/t.me\/givannouncements<\/a>)4) Retweet\nour public sale post<\/p>\n\n\n\n

 (https:\/\/twitter.com\/cryptolocally\/status\/1309195897629151233?s=20<\/a>)5)\nHave your CryptoLocally Referral Code (https:\/\/cryptolocally.com\/en\/earn<\/a>)\n– You will need to sign up on CryptoLocally and find your OWN 5-digit referral\ncode from the earn page (https:\/\/cryptolocally.com\/en\/earn<\/a>)\n(e.g. JITj2). If you do not provide a valid code on the application, your\nsubmission will not be considered.<\/p>\n\n\n\n

6) Bot submissions\/Duplicate submissions may be filtered\nbefore\/after winners are chosen after further analysis.<\/p>\n\n\n\n

7) Please remember your email address for application as well\nas the ERC-20 address that you set (for sending USDT-ERC20). You should not use\na third-party exchange wallet.<\/p>\n\n\n\n

🏆<\/strong>REWARDS<\/strong>🏆<\/strong><\/strong><\/p>\n\n\n\n

For Round 2 instead of lottery format we will be randomly\nselecting supporters who are engaged and active on our channels!<\/p>\n\n\n\n

After we check to ensure that each individual have qualified\nfor the MANDATORY CONDITIONS above we will draw the 100 lucky winners who will\nbe whitelisted allocation for 15,384 GIV (for 100 USDT ERC-20).<\/p>\n\n\n\n

Winners will be announced in 12 hours. Winners will have 12\nhours thereafter to submit KYC to admin@cryptolocally.com after checking the\nwinner list. CryptoLocally will not contact the winners, until after KYC\nverification.<\/p>\n\n\n\n

🎯<\/strong>ADDITIONAL INFORMATION <\/strong>🎯<\/strong><\/strong><\/p>\n\n\n\n

Same KYC Rules apply as our first whitelist 👉👉HERE (https:\/\/medium.com\/@cryptolocally\/apply-to-the-giv-public-sale-whitelist-b6cb4aad453b?sk=59cd6e59bae3c5ca1928da294039fd81<\/a>) <\/p>\n\n\n\n

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

I see that Paxful seems\nis your main competitor in P2P trading platform, so what are features make\nCryptoLocally become different and unique to compare to other platforms?<\/em><\/p>\n\n\n\n

Jae Chung |\nCryptoLocally: <\/strong>First\nof all, we have a wider range of coins and tokens available for trading\ncompared to LocalBitcoins or Paxful. On CryptoLocally, you can trade EOS, ETH,\nTRX, USDT, BNB, and more (20+ tokens). <\/p>\n\n\n\n

Second, there is no KYC verification needed for P2P trading\non CryptoLocally and the DeFi feature. You can start using our platform right\nafter signing up with your email address. This is because CryptoLocally is\nnon-custodial, meaning that we are never in full control of your funds. Instead,\nthe selected crypto is sent directly to the smart contract on-chain and is\nsecured by the escrow until the end of the trade. On\nLocalCryptos\/LocalBitcoins, users have to deposit\/withdraw their funds.<\/p>\n\n\n\n

Third, we\u2019re the first P2P trading platform with a DeFi\nfeature! We recently released the Finance Wallet, allowing you to earn interest\non your cryptocurrencies, hassle-free. And finally, we have our own native\ntoken called GIV. You will earn GIV every time you or one of your referrals\ncomplete a trade on CryptoLocally.<\/p>\n\n\n\n

Q3 from Telegram User @vnmb35<\/strong><\/p>\n\n\n\n

What are the major milestones you have achieved so far?<\/em><\/p>\n\n\n\n

Jae Chung | CryptoLocally: <\/strong> <\/p>\n\n\n\n

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

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

What are the\nrequirements for using CryptoLocally?<\/em><\/p>\n\n\n\n

Jae Chung |\nCryptoLocally: <\/strong>Anyone\nwith an email address can sign up and use it!<\/p>\n\n\n\n

Q5 from Telegram User @K2ice<\/strong><\/p>\n\n\n\n

Does Cryptolocally have\nmechanisms such as buyback and burning to regulate the demand and supply of\n$GIV so as to increase its intrinsic monetary value?<\/em><\/p>\n\n\n\n

Jae Chung |\nCryptoLocally: <\/strong>GIV\nwill evolve to be a governance token on the platform, offering a truly\ndecentralized solution. Voting rights will offer GIV holders the ability to\ncontrol the level of inflation, interest and free float (by way of token\nburns), vote on CLV strategies and finally vote for new listings on\nCryptoLocally.<\/p>\n\n\n\n

Q6 from Telegram User @Alika061<\/strong><\/p>\n\n\n\n

What we know today is\nthat many people use digital money such as e-wallets, can #CryptoLocally with\nP2P in #CryptoLocally use or support digital wallets to buy crypto currencies?<\/em><\/p>\n\n\n\n

Jae Chung |\nCryptoLocally: <\/strong>Yes,\nyou can use CryptoLocally with any third party wallet like exchanges \/ wallets\n\/ so on.<\/p>\n\n\n\n

Q7 from Telegram User @luckydraw66<\/strong><\/p>\n\n\n\n

Do you think DEFI is a\nfinancial bubble? How many people are on the project development team? Is the\ncommunity important to the #CryptoLocally project?<\/em><\/p>\n\n\n\n

Jae Chung |\nCryptoLocally: <\/strong>At\nCryptoLocally, we absolutely believe that DeFi is a transformational\ntechnology. We also believe that it has the potential to disrupt the existing\nfinancial system by providing a viable way for the world\u2019s unbanked citizens to\ngain access to financial services. The problem has been that there isn\u2019t a\nsimple and easy to use solution in decentralized finance, which has been a\nbarrier to mass adoption of DeFi and financial inclusion.<\/p>\n\n\n\n

Our new DeFi feature, the Finance Wallet, allows you to earn\ninterest on your cryptocurrency and this feature has been seamlessly integrated\nwith our trading platform. It presents the easiest way to enter the DeFi space\nand will make mass adoption and financial inclusion possible.<\/p>\n\n\n\n

Q8 from Telegram User @doithay1617<\/strong><\/p>\n\n\n\n

What is the role of\n$GIV Token in Cryptolocally platform? Where can I buy or earn GIV?<\/em><\/p>\n\n\n\n

Jae Chung |\nCryptoLocally: <\/strong>Check\nour public sale info here to get ready to buy: https:\/\/medium.com\/@cryptolocally\/the-giv-distribution-event-details-b2e9bf45458f<\/a><\/p>\n\n\n\n

Q9 from Telegram User @yadav_199<\/strong><\/p>\n\n\n\n

Do crypto locally have\nany ambassador program where I can be part of your community and lead from\nfront?<\/em><\/p>\n\n\n\n

Jae Chung |\nCryptoLocally: <\/strong>Sure!\nPlease inquire @AlexRico95 for marketing or admin@cryptolocally.com<\/a><\/p>\n\n\n\n

Q10 from Telegram User @aminapeter8<\/strong><\/p>\n\n\n\n

You recently held a\npublic sale where only 100 winners selected. Why do you choose to make it low\nnumbers and chances to be a winner too slim? Will your next public sale give\nusers more opportunities?<\/em><\/p>\n\n\n\n

Jae Chung |\nCryptoLocally: <\/strong>The\npublic sale is on Tuesday 13:00 UTC. The whitelist is on now for round 2. Public\nsale details:  https:\/\/medium.com\/@cryptolocally\/the-giv-distribution-event-details-b2e9bf45458f<\/a><\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Thank you @jaechung for this AMA) It\nwas a pleasure to talk with you. Best wishes for CryptoLocally from\nSatoshi Club.<\/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 CryptoLocally. A link to\na Quiz form were sent into the chat. Participants had 10 minutes to answer.\n300$ were distributed between the winners.<\/p>\n\n\n\n

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

English Telegram\ngroup: https:\/\/t.me\/Satoshi_club<\/a>\n<\/p>\n\n\n\n

Russian Telegram\ngroup: https:\/\/t.me\/satoshi_club_ru<\/a>\n<\/p>\n\n\n\n

Spanish Telegram\ngroup: https:\/\/t.me\/satoshi_club_spanish<\/a>\n<\/p>\n\n\n\n

Telegram Channel:\nhttps:\/\/t.me\/satoshi_club_channel<\/a>\n<\/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><\/p>\n\n\n\n

CryptoLocally GIV Guild: https:\/\/t.me\/cryptolocally<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

Hello community. Today we would like to tell you about the AMA session with our friends from Crypto Locally. The AMA took place on September 25 and our guest was Jae Chung. The total reward pool was $500 and it was splitted into three parts. In this AMA Recap we will try to summarize some […]<\/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\/1971"}],"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=1971"}],"version-history":[{"count":1,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/1971\/revisions"}],"predecessor-version":[{"id":1977,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/1971\/revisions\/1977"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=1971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=1971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=1971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}