{"id":3601,"date":"2020-11-28T17:20:07","date_gmt":"2020-11-28T15:20:07","guid":{"rendered":"https:\/\/esatoshi.club\/?p=3601"},"modified":"2020-11-28T17:20:08","modified_gmt":"2020-11-28T15:20:08","slug":"unifi-protocol-x-satoshiclub-ama-from-25-november","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/11\/28\/unifi-protocol-x-satoshiclub-ama-from-25-november\/","title":{"rendered":"Unifi Protocol x SatoshiClub AMA from 25 November"},"content":{"rendered":"\n<p>Hello,\nSatoshi clubbers Another AMA took place at Satoshi Club and we would\nlike to introduce to you the AMA session with our friends from Unifi\nProtocol The AMA took place on 25 November.<\/p>\n\n\n\n<p>The\nAMA session was divided into 3 parts with a total crypto reward pool\nof 500$ \n<\/p>\n\n\n\n<p>In\nthis AMA Recap we will try to summarise the most interesting points\nfor you.<\/p>\n\n\n\n<h2><strong>Part\n1 \u2014 introduction and questions from the Telegram&amp;Bitcointalk\ncommunity<\/strong><\/h2>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club: <\/strong>Hello\ndear community!The series of today&#8217;s AMA marathon  is open.We are\nhappy to announce our AMA session with Unifi Protocol DAO (UNFI).<\/p>\n\n\n\n<p>\n<strong>D.\n| Satoshi Club: <\/strong>hello\nSatoshi club! :blush:<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org<\/strong>:\nHello Everyone<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club: <\/strong>Welcome\nto Satoshi Club, @nuljui! :raised_hands:<\/p>\n\n\n\n<p><strong>D.\n| Satoshi Club: <\/strong>@nuljui\nhello! welcome to Satoshi club! :smiley:<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club<\/strong>:\nTo be honest, you are a long-awaited guest for us \ud83d\ude00<\/p>\n\n\n\n<p>Therefore,\nwe expect from you interesting facts about your project.:wink:<\/p>\n\n\n\n<p><strong>D.\n| Satoshi Cluba: <\/strong>finally,\nwe all here in the right place and right time \ud83d\ude00<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>haha\nok, great!<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club: <\/strong>To\nbe begin with, please tell us a few words about yourselves and how\ndid you get to be involved in Unifi Protocol DAO (UNFI).<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>SureHello\nEveryone!My name is Juliun, I\u2019m the CEO of Unifi Protocol DAO. \n<\/p>\n\n\n\n<p>Unifi\nis the culmination of nearly 3 years of community building, smart\ncontract development, and most importantly governance model\ndevelopment. My team and I actually started as a community, of like\nminded people that came together and organized around the concepts of\ndecentralization and community building. To this point we\u2019ve been\noperating as Sesameseed a block producer and validator on Tron,\nOntology, Harmony, and Icon.<\/p>\n\n\n\n<p>Today\nwe\u2019re a full time collection of like minded community focused\ndevelopers and decentralized maximalists working to incentivize\ncommunity involvement in Defi.<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club<\/strong>:\nA good team is very important in crypto!<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>absolutely<\/p>\n\n\n\n<p><strong>D.\n| Satoshi Club: <\/strong>nice!\nyou have achieved quite a lot already<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club: <\/strong>Would\nyou like to share something or can we move on to questions from the\ncommunity?<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>yeah,\nwe&#8217;ve been doing this for almost 3 years, so we&#8217;re doing well having\nsome traction today<strong>.\n<\/strong>\n<\/p>\n\n\n\n<p>sure\ni can share a little more<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club: <\/strong>Feel\nfree:blush:<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>As\nmentioned we really started as a team nearly 3 years ago, with the\noriginal Smart contracts that became unifi started in early 2019 as a\nseries of Governance, and Voting contracts for the ontology\nblockchain. These have evolved and incorporated some of the bancor\nprice discovery model in mid 2019 and really started to form into the\nAMM uTrade early this year. \n<\/p>\n\n\n\n<p>Every\npart of Unifi was designed and developed  in house which gives us a\nhuge leg up. This combined with our high level of community\ninvolvement has enabled us to quickly develop for new blockchains as\nyou\u2019ve seen today. \n<\/p>\n\n\n\n<p>The\nAMM uTrade is just the beginning of our Proof of Stake, cross chain\ngovernance ecosystem, where we incentivize liquidity providers on\nTron, Ontology, Harmony and now BSC. We plan to launch Icon and Eth\nversions in the near future.<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club: <\/strong>The\nUnifi Protocol DAO focuses on community building across the TRON,\nOntology, Harmony and Binance Smart Chain communities. What else are\nin your plans?<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>well\nfrom here we intend to continue our expansion. Ethereum as early as\nthis week, Icon is ready to go as well.<\/p>\n\n\n\n<p><em>Q1 from Telegram user @carupanor<\/em><\/p>\n\n\n\n<p><strong>Unifi\nProtocol is a group of non-custodial smart contracts, what are the\nadvantages of having a platform that uses non-custodial smart\ncontracts and how does your protocol adapt to DeFi innovations?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>Sure,\nThe real advantages of utilizing smart contracts come in the form of\nsecurity and consistency. Though its really only something you can\ntake advantage of when the whole ecosystem utilizes it, which is\nexactly what we do. \n<\/p>\n\n\n\n<p>All\ntrades, and AMM activities are obviously managed by a smart contract,\nbut further than this, what we do that many others dont, is\nincorporate our rewards and token model into the contracts that\nencompass the AMM. \n<\/p>\n\n\n\n<p>Using\nthese contracts we&#8217;re able to pick up a lot of efficiencies even over\nmany existing AMM dexes out there today. \n<\/p>\n\n\n\n<p>How\nwe adapt really stems from building a core that can be built on top\nof. \n<\/p>\n\n\n\n<p>uTrade\nas you see it today is designed to be built on top of, things like\nLending, uTrade itself, even flashloans can easily be incorporated.\nAdd to this Governance and we have a very comprehensive ecosyste.<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club: <\/strong>impressive!a\nlot of work!<\/p>\n\n\n\n<p><strong>D.\n| Satoshi Club: <\/strong>BTW\nwhy did you start firstly to work with Tron, Ontology, Harmony\nblockchains instead of Ethereum?<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>so.\nOur community is primarily on those chains. We want to support our\nbase first to really prove the project out. \n<\/p>\n\n\n\n<p>We&#8217;re\nour own worst critic, Things like Audits, usability, what data is\nrequested&#8230; how it should be laid out&#8230;. not to mention developing\nfor Different artictecturhe. \n<\/p>\n\n\n\n<p>In\nall honestly&#8230; we&#8217;re ready for Eth Today&#8230;. But we dont want to go\nlive with Beta on Eth (arguably the harshest critics) lets go live\nwith a finished product<\/p>\n\n\n\n<p>(which\nwe&#8217;re planning on &#8230;. Tomorrow hahaa)<\/p>\n\n\n\n<p>its\ncool we were able to be listed on binance first&#8230; then go to ETH, so\nevery step forward is a level up in sophistication and complexity<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club: <\/strong>Agree\nwith you!<\/p>\n\n\n\n<p><strong>D.\n| Satoshi Club: <\/strong>great!\n\ud83d\ude42 thank you to reveal this secret to Satoshi club! :+1:<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong>I\nconfess to you, I farm a little UNFI on Binance<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>yeah\ni dont think we&#8217;ve announced that yet anywhere<\/p>\n\n\n\n<p>using\nPancake? unifi? or launchpool?<\/p>\n\n\n\n<p>I\nthink we were the first project to have an ETH launchpool actually<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club: <\/strong>launchpool<\/p>\n\n\n\n<p><strong>D.\n| Satoshi Club: <\/strong>now\nyou are Unifi hodler :muscle:<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>it\nwas all a part of attracing attention from Eth maximalists early on.<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club<\/strong>:\nYes! I am:grin: Tell us please about your tokenomics btw<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>sure<strong>!\n<\/strong>Unifi\nat its core is the UNFI token, this is used to govern and determine\nthe parameters of the defi ecosystem on each of the related\nblockchains. It accomplishes this through a unique Proof of Stake\necosystem in which representatives are elected, earn rewards, and\nvote on various parameters as a part of the DAO, the community may\nelect a representative by staking UNFI, and rewards throughout this\ncross chain governance system are delivered as more UNFI token. \n<\/p>\n\n\n\n<p>There\nis infact a second token though, the UP token is actually an\nindependent token on each blockchain, this is whats governed by UNFI.\nIts minted in relation to the Fee&#8217;s of each chain. In fact the fee&#8217;s\naccumulated in unifi on any blockchain it operates on are deposited\ninto a smart contract to Mint UP at an increasing value over time,\nthese fee&#8217;s are extracted by anyone that holds up by simply burning\nit. The result of this system is such that the value of UP increases\nwith every trade on every blockcahin unifi operates on independent of\neach other, but dependent on the UNFI governance architecture.<\/p>\n\n\n\n<p>There\nare ~2.2MM tokens in circulation today out of the 10MM total supply\nand they&#8217;ll be released quite slowly over the next few years.<\/p>\n\n\n\n<p>Most\nwill primarily be distributed to those participating in UNFI\ngovernance.<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong>Nice.\nmaybe share some useful links for our community<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org : <\/strong>sure<\/p>\n\n\n\n<p>Website:\n<a href=\"http:\/\/unifiprotocol.com\/\">http:\/\/unifiprotocol.com\/<\/a>\n \n<\/p>\n\n\n\n<p>Whitepaper:\n<a href=\"https:\/\/medium.com\/@unifiprotocol\/introducing-the-unifi-protocol-2ad67bc8435\/\">https:\/\/medium.com\/@unifiprotocol\/introducing-the-unifi-protocol-2ad67bc8435\/<\/a>\n \n<\/p>\n\n\n\n<p>Telegram\nDiscussion: <a href=\"https:\/\/t.me\/unifi_protocol\/\">https:\/\/t.me\/unifi_protocol\/<\/a>\n\n<\/p>\n\n\n\n<p>Telegram\nAnnouncements: <a href=\"https:\/\/t.me\/unifiprotocol\/\">https:\/\/t.me\/unifiprotocol\/<\/a>\n \n<\/p>\n\n\n\n<p>Twitter:\n<a href=\"https:\/\/twitter.com\/unifiprotocol\/\">https:\/\/twitter.com\/unifiprotocol\/<\/a>\n\n<\/p>\n\n\n\n<p>Reddit:\n<a href=\"https:\/\/www.reddit.com\/r\/UnifiProtocolDao\/\">https:\/\/www.reddit.com\/r\/UnifiProtocolDao\/<\/a>\n \n<\/p>\n\n\n\n<p>Medium:\n<a href=\"https:\/\/medium.com\/unifiprotocol\/\">https:\/\/medium.com\/unifiprotocol\/<\/a>\n\n<\/p>\n\n\n\n<p>Telegram\nDiscussion: <a href=\"https:\/\/t.me\/unifi_protocol\/\">https:\/\/t.me\/unifi_protocol\/<\/a>\n\n<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club: <\/strong>Everything\nis clear to me. Do you want to add something or we can proceed to the\nnext question?<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>we\ncan move forward<\/p>\n\n\n\n<p><em>Q2 from Telegram user @cleitoclo<\/em><\/p>\n\n\n\n<p><strong>Platforms\nsuch as Unifi generally establish a liquidity withdrawal limit, what\nis the limit for the amount of liquidity withdrawal and for the\nconstruction of products or services in Unifi?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>oh.<\/p>\n\n\n\n<p>We&#8217;re\na complete redesign of traditional AMM&#8217;s<\/p>\n\n\n\n<p>There\nis no withdrawal limit, there is no withdrawal fee. In fact our smart\ncontracts though are similar in operation to Uniswap and others are\nvery different under the hood. \n<\/p>\n\n\n\n<p>There\nis no cost for participating wtih unifi. and You earn rewards\ndirectly as a liquidity provider. No need to Stake your LP tokens.<\/p>\n\n\n\n<p>SImply\nprovide liquidity and you earn your share of the fee as UP tokens. \n<\/p>\n\n\n\n<p>Up\ntoken is unique in that it can be redeemed for the Base tokens that\nback it (ETH for example) and the amount of tokens that back it\nincrease after every trade.<\/p>\n\n\n\n<p><strong>D.\n| Satoshi Club: <\/strong>no\nlimits, no fees i like it! :smile::+1:<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club: <\/strong>Excellent!<\/p>\n\n\n\n<p><em>Q3 from Telegram user @mundarain<\/em><\/p>\n\n\n\n<p><strong>Are\nthere rewards for participating in governance decisions and\nproposals? What actions should users take to maximize their reward\nincome with respect to the Unifi participation system?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org:<\/strong>Yes,\nso, actually only community representatives can vote on core\nproposals.<\/p>\n\n\n\n<p>These\nare elected representatives, that users may delegate their stake to. \n<\/p>\n\n\n\n<p>Delegating\ntheir stake earns rewards for the token holder, and those with the\nmost stake are elected representatives. \n<\/p>\n\n\n\n<p>Representatives\nwill be encouraged to reward participant \/ delegators for their\nstake.<\/p>\n\n\n\n<p>probably\nthe best wait earn the best reward, is to start staking early and\nvote for the most active representatives (or become one yourself)<\/p>\n\n\n\n<p><strong>D.\n| Satoshi Club: <\/strong>how\nto become elected representative?<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>simply\nhave advocate for Delegations. \n<\/p>\n\n\n\n<p>You&#8217;ll\nneed to have your staked UNFI, staked for long enough, but after\nthat&#8230; its simply about asking for stake<\/p>\n\n\n\n<p>i\nwould suggest promising a good return is a great start (such as a\nshare of the CR reward to be distributed back to your voters)<\/p>\n\n\n\n<p><strong>D.\n| Satoshi Club: <\/strong>great!\nthank you for information! ready to jump to the next question?\n:blush:<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>yes<\/p>\n\n\n\n<p><em>Q4 from Telegram user  @kripto_mangunkusumo<\/em><\/p>\n\n\n\n<p><strong>One\nof the interesting products from Unifi is about Nitrous Layer. Can we\nhear more about this product, and how has it progressed so far? when\nis this product expected to be implemented?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>Oh\nwe dont have this feature, this may be a different project.<\/p>\n\n\n\n<p><strong>D.\n| Satoshi Club: <\/strong>really?\noops, yeah it happens sometimes, probably question from different\nproject :smile:let&#8217;s\ngo to the next question then?<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club: <\/strong>then\ntell us about your feature:grin:<\/p>\n\n\n\n<p>Or\nnext question:blush:<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>Oh\nsure, \n<\/p>\n\n\n\n<p>Really\nour best feature is our community. We&#8217;ve made a huge effort to focus\non our community and incorporating this into what we&#8217;ve built.<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club: <\/strong>I\nlike it:+1:<\/p>\n\n\n\n<p><strong>D.\n| Satoshi Club: <\/strong>the\nmost important part of every project:+1:<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>absolutely<\/p>\n\n\n\n<p><em>Q5 from Telegram user  @nakocr<\/em><\/p>\n\n\n\n<p><strong>Your\nplatform will also share the fees as long as the liquid providers\ndon&#8217;t withdraw their liquidity from the pool and keep the tokens. Is\nthis not unfair and will it be shared at the same rate after the\nliquid is withdrawn? If so, shouldn\u2019t these ratios be different\nfrom each other?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org:<\/strong>\nSo the fee&#8217;s are distributed to the liquidity providers that are\nparticipating within the pool, and you only earn those rewards as\nlong as you&#8217;ve provided liquidity tot he pools you&#8217;re participating\nin.<\/p>\n\n\n\n<p>Which\nkeeps it fair, so you can only earn rewards as long you&#8217;ve provided\nthat liquidity.<\/p>\n\n\n\n<p><em>Q6 from Telegram user @nagy_szabo <\/em> <\/p>\n\n\n\n<p><strong>You\nare on Binance launchpad and this is great for visibility and\nadoption. It will end soon. Do you plan any more activity in\npartnership with Binance? Are they your investors\/official partners\nbtw?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>so\npartnerships are huge for us.<\/p>\n\n\n\n<p>They&#8217;re\npart of why we&#8217;re here today and they&#8217;re absolutely crucial to our\nfuture growth.Partners will help determine which blockchains we\nmigrate to, and they&#8217;re important to helping encourage our community\ngrowth.<\/p>\n\n\n\n<p><strong>D.\n| Satoshi Club: <\/strong>any\nfuture partnerships that you can talk of?:smile:<\/p>\n\n\n\n<p>or\nit&#8217;s a secret for now?<\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>hmmm\nprobably the most significant is with other blockchains.<\/p>\n\n\n\n<p>Icon\nis public, but i dont believe we have any others that are public\ntoday.<\/p>\n\n\n\n<p><strong>D.\n| Satoshi Club<\/strong>:\ngot it! :+1:<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club<\/strong>:\nThanks for the answers:+1:<\/p>\n\n\n\n<h2><strong>Part\n2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n<p><em>Q1 from Telegram user @Baby_Crypto<\/em><\/p>\n\n\n\n<p><strong>Wh\u0430t\nis the relationship b\u0435tween Unifi and Utrade \u0430nd what role does the\nUnlimited Potential T\u043eken (UP) play on this platform?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>So\nUNFI is the governance token that will help determine the network\nparameters of uTrade.\n<\/p>\n\n\n\n<p>Its\nan important ecosystem in which those UNFI token holders can help\ndirect the rewards earned on uTrade to encourage more liquidity to be\nprovided and better returns for Liquidity providers.<\/p>\n\n\n\n<p><em>Q2 from Telegram user @Pramoddhanni87<\/em><\/p>\n\n\n\n<p><strong>What\ndifficulties do you have for trading of tokens from different\nblockchains in #Unifi_Protocol_ ?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>so\nTrading Tokens from different blockcahins requires a bridge of some\nkind, \n<\/p>\n\n\n\n<p>These\nbridges are often centralized product that require a 3rd party to\ntransact between them. \n<\/p>\n\n\n\n<p>This\nis actually a major focus of ours today and trying to reduce these to\na more trustless architecture. \n<\/p>\n\n\n\n<p>Stay\ntuned we have some big announcements on this coming.<\/p>\n\n\n\n<p><em>Q3 from Telegram user @Eliasbb<\/em><\/p>\n\n\n\n<p><strong>You\nsaid that &#8220;Really our best features is our community&#8221; But\nyou still not have a telegram group. I saw that you only have a\ntelegram channel. Any plan to create telegram group so that user can\nshare their thoughts about UNIFI easily? What do you think about it?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>actually\nwe do have a very active telegram community:<\/p>\n\n\n\n<p><a href=\"https:\/\/t.me\/unifi_protocol\/\">https:\/\/t.me\/unifi_protocol\/<\/a><\/p>\n\n\n\n<p>I\nsuggest you join in and take a look, My team and i are always in\nthere and we&#8217;d be happy to answer any other questions.<\/p>\n\n\n\n<p><em>Q4 from Telegram user @luckydraw66<\/em><\/p>\n\n\n\n<p><strong>How\ndo you feel while doing this job right now?Have you ever felt the\npressure of starting a blockchain startup?staff and are you feeling\nhappy right now?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>Haha,\n\n<\/p>\n\n\n\n<p>I&#8217;ve\nbeen doing this with my team as a start up for nearly 3 years. \n<\/p>\n\n\n\n<p>until\nvery recently, we were an all volunteer team, honestly working just\nfor the rewarding nature of it. \n<\/p>\n\n\n\n<p>We&#8217;re\nreally excited about the traction we have today and where we&#8217;re\ngoing.<\/p>\n\n\n\n<p>We&#8217;re\nmost excited about how involved we&#8217;ve managed to get our community. \n<\/p>\n\n\n\n<p>Things\nlook really bright from here to be honest.<\/p>\n\n\n\n<p><em>Q5 from Telegram user @ Nickkiii<\/em><\/p>\n\n\n\n<p><strong>What\nare the Privileges of the four classes (Elite, Upgraded, Waiting\nPeriod and Holder) of $UNFI tokens?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>so\nthe 4 classes you mentioned really rank from simple token holder to\npotentially Community representative (CR) Level 4 is a token holder.\nLevel 3 is a staking token holder that is in a waiting period to\nbecome level 2. Level 2 earns staking rewards, and level 1 is a\nstaking token holder, whos tokens are now locked and eligible for the\nhighest level of rewards. \n<\/p>\n\n\n\n<p>In\naddition level 1 token holders are able to delegate to CR&#8217;s and be\nrewarded for their participation in governance.<\/p>\n\n\n\n<p><em>Q6 from Telegram user @Alika061<\/em><\/p>\n\n\n\n<p><strong>Is\nStake $UNIFI on the Binance Smart Chain BSC and will I be awarded a\nstake with every new block I mine? then how much is the #UNFI Staking\nPrize to be Mined.<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>The\ncurrent staking promotion on BSC is around this 6 week period until\ndec. 31st. You must lock your tokens to participate and by\nparticipating you earn a proportionate share of UNFI unlocked every\nblock. \n<\/p>\n\n\n\n<p>After\nDec.31&#8217;st we&#8217;ll be transitioning into a much more diverse governance\neconomy as mentioned above.<\/p>\n\n\n\n<p><em>Q7 from Telegram user @tuvalunia<\/em><\/p>\n\n\n\n<p><strong>In\nwhat ways can an investor obtain UNFI tokens?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>Aside\nfrom the exchange, \n<\/p>\n\n\n\n<p>You\ncan Stake within our current governance contract on BSC.<\/p>\n\n\n\n<p>Stake\nin the binance launchpool, or Pancakeswap, Or you may migrate your up\ntokens. \n<\/p>\n\n\n\n<p>This\nhappened for the first time last week and there will be another up\nmigration in the coming weeks. \n<\/p>\n\n\n\n<p>After\ndecember 31&#8217;st you&#8217;ll be able to participate in governance to\ndirectly earn rewards.<\/p>\n\n\n\n<p><em>Q8 from Telegram user @lembaranfotohitamputih<\/em><\/p>\n\n\n\n<p><strong>Can\nyou explain in a simple way so that nontech people can easily\nunderstand how to use your platform and why is it better than any\nothers that offers similar service?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>hmm\nthe simplest reason why, is that we&#8217;ve built a system that takes\nadvantage of the benefits of other blockchains. \n<\/p>\n\n\n\n<p>We\ndidn&#8217;t simply copy the standard thats out there today, we solved the\nproblem with efficiencies in mind. \n<\/p>\n\n\n\n<p>These\nefficiencies result in a simpler process for users, and ultimately\nfewer fees to participate and earn rewards.<\/p>\n\n\n\n<p><em>Q9 from Telegram user @KASG95<\/em><\/p>\n\n\n\n<p><strong>After\nlisting your tokens on Binance Exchange, do you plan to continue\nlisting your tokens on many more CEX exchanges? or after this will\nthey focus only on DEX?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org: <\/strong>we&#8217;ve\nbeen fortunate enough to have a few major exchange partners, we do\nplan to continue listing on other exchanges, though our primary goal\ntoday is growing our community and expanding our network.<\/p>\n\n\n\n<p><em>Q10 from Telegram user @araceley<\/em><\/p>\n\n\n\n<p><strong>Is\nthe window period to claim UNFI on uTrade to join the BSC Staking\nstill open?<\/strong><\/p>\n\n\n\n<p><strong>Juliun\n| Sesameseed.org:<\/strong>Staking\nis still open! and will be open until Dec. 31st this year. \n<\/p>\n\n\n\n<p>After\nthis time period it will take time to enter into the staking system,\nand the token distribution will be much more scarce. \n<\/p>\n\n\n\n<p>This\nis a really unique opportunity, and we&#8217;re happy to see over 100,000\nTokens are participating within it today (~25% of what was on\nlaunchpool)<\/p>\n\n\n\n<h2><strong>Part\n3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n<p>As\nusual, for the third part, Satoshi Club Team asked the chat 4\nquestions about the crypto project. A link to a Quiz form was sent\ninto the chat.<\/p>\n\n\n\n<p><strong>For\nmore information and future AMAs, join our Social 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>\n\n<\/p>\n\n\n\n<p>Russian\nTelegram group: <a href=\"https:\/\/t.me\/satoshi_club_ru\/\">https:\/\/t.me\/satoshi_club_ru\/<\/a>\n\n<\/p>\n\n\n\n<p>Spanish\nTelegram group: <a href=\"https:\/\/t.me\/satoshi_club_spanish\/\">https:\/\/t.me\/satoshi_club_spanish\/<\/a>\n\n<\/p>\n\n\n\n<p>Telegram\nChannel: <a href=\"https:\/\/t.me\/satoshi_club_channel\/\">https:\/\/t.me\/satoshi_club_channel\/<\/a>\n\n<\/p>\n\n\n\n<p>Twitter:\n<a href=\"https:\/\/twitter.com\/realsatoshiclub\/\">https:\/\/twitter.com\/realsatoshiclub\/<\/a>\n\n<\/p>\n\n\n\n<p>Website:\n<a href=\"https:\/\/esatoshi.club\/\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p><strong>Our\npartners:<\/strong><\/p>\n\n\n\n<p>Website:\n<a href=\"http:\/\/unifiprotocol.com\/\">http:\/\/unifiprotocol.com\/<\/a>\n \n<\/p>\n\n\n\n<p>Whitepaper:\n<a href=\"https:\/\/medium.com\/@unifiprotocol\/introducing-the-unifi-protocol-2ad67bc8435\/\">https:\/\/medium.com\/@unifiprotocol\/introducing-the-unifi-protocol-2ad67bc8435\/<\/a>\n \n<\/p>\n\n\n\n<p>Telegram\nDiscussion: <a href=\"https:\/\/t.me\/unifi_protocol\/\">https:\/\/t.me\/unifi_protocol\/<\/a>\n\n<\/p>\n\n\n\n<p>Telegram\nAnnouncements: <a href=\"https:\/\/t.me\/unifiprotocol\/\">https:\/\/t.me\/unifiprotocol\/<\/a>\n \n<\/p>\n\n\n\n<p>Twitter:\n<a href=\"https:\/\/twitter.com\/unifiprotocol\/\">https:\/\/twitter.com\/unifiprotocol\/<\/a>\n\n<\/p>\n\n\n\n<p>Reddit:\n<a href=\"https:\/\/www.reddit.com\/r\/UnifiProtocolDao\/\">https:\/\/www.reddit.com\/r\/UnifiProtocolDao\/<\/a>\n \n<\/p>\n\n\n\n<p>Medium:\n<a href=\"https:\/\/medium.com\/unifiprotocol\/\">https:\/\/medium.com\/unifiprotocol\/<\/a>\n\n<\/p>\n\n\n\n<p>Telegram\nDiscussion: <a href=\"https:\/\/t.me\/unifi_protocol\/\">https:\/\/t.me\/unifi_protocol\/<\/a>\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hello, Satoshi clubbers Another AMA took place at Satoshi Club and we would like to introduce to you the AMA session with our friends from Unifi Protocol The AMA took place on 25 November. The AMA session was divided into 3 parts with a total crypto reward pool of 500$ In this AMA Recap we [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3602,"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\/3601"}],"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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=3601"}],"version-history":[{"count":1,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/3601\/revisions"}],"predecessor-version":[{"id":3603,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/3601\/revisions\/3603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/3602"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=3601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=3601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=3601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}