{"id":3785,"date":"2020-12-03T14:40:02","date_gmt":"2020-12-03T12:40:02","guid":{"rendered":"https:\/\/esatoshi.club\/?p=3785"},"modified":"2020-12-15T14:15:11","modified_gmt":"2020-12-15T12:15:11","slug":"ethanol-token-x-satoshiclub-ama-from-2-december","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/12\/03\/ethanol-token-x-satoshiclub-ama-from-2-december\/","title":{"rendered":"Ethanol Token x SatoshiClub  AMA from 2 December"},"content":{"rendered":"\n<p>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 Ethanol Token. The AMA took place on 2 December.<\/p>\n\n\n\n<p>The AMA session was divided into 3 parts with a total\ncrypto reward pool of 500$ <\/p>\n\n\n\n<p>In this AMA Recap we will try to summarise the most interesting points for you.<\/p>\n\n\n\n<h2><strong>Part 1 \u2014 introduction and questions from the Telegram&amp;Bitcointalk community<\/strong><\/h2>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Hello, Satoshi Club! We are happy to announce our AMA session with Ethanol Token!&nbsp; welcome to Satoshi Club <\/p>\n\n\n\n<p><strong>D. | Satoshi Club<\/strong>:hello Satoshi club  <\/p>\n\n\n\n<p><strong>Crypto Rick<\/strong> \u2013 <strong>YT<\/strong>: Hi All! Happy to be here for Ethanol Token!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Hello, Rick:  you are welcome to Satoshi Club <\/p>\n\n\n\n<p>How are you today?)<\/p>\n\n\n\n<p><strong>D. | Satoshi Clubad: <\/strong>welcome\n@CryptoRickYT how you doing?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:\nI am doing great! We just launched our Cash Back Dapp yesterday so today is a\ngreat day!<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>with\na great price \ud83d\ude09 for your project<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club<\/strong>: Wow, that&#8217;s great! Could you please tell us about yourself and your role in the project? And of course, tell us more about Ethanol Token project <\/p>\n\n\n\n<p><strong>D. | Satoshi Club<\/strong>:\nso let&#8217;s start with a little intro then?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>Absolutely,\nI am the marketing Advisor for the project. I have been in crypt since 2016 and\nhave my own youtube channel with over 60k Subscribers. I have met so many great\npeople over the years and the Ethanol team is included in that.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>wow,\ncan you share a link to your channel?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>Ethanol\ntruly is a game changing project and once I heard about it I had to get\ninvolved. We are issuing cash back rewards on ETH gas fees just for holding the\ncoin!<\/p>\n\n\n\n<p><a href=\"http:\/\/www.youtube.com\/cryptorick\/\">www.youtube.com\/cryptorick\/<\/a> <\/p>\n\n\n\n<p>In the near future we\nwill also be expanding the Dapp to include scheduled transactions for when gas\nfees are lower, as well as guaranteed transactions where users will get a 100%\nrefund for any failed transactions<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Yes, this idea is simple and genius, hope it will work as good as sounds<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>Luckily\nwe no longer need to hope. The Dapp was launched yesterday and users have\nalready started to claim their cash back rewards. We have a fully working\nproduct now with one of the best use cases in crypto!<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>even\nfor failed transactions?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>correct!\nThat will be one of our core features in the future.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club:<\/strong> ok,\nthank you for this intro Rick! let&#8217;s start with questions from Satoshiclubbers?<\/p>\n\n\n\n<p><em>Q1 from telegram\nUsername&nbsp; @Winterkom<\/em><\/p>\n\n\n\n<p><strong>\u2013 How does Ethanol ensure that all transactions are executed and no errors occur? Do you get cashback for failed transactions as well?<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:\nEverything is verified through etherscan.io and their APIs we have integrated\nchainlink to merge the off chain data with out smart contracts. Any gas fees\nwill earn cash back as long as you hold the needed amount in that wallet.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>btw\nthere is a Chi Gastoken for high gas fees, which helps save money too. how is\nEthanol is different to Chi?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT:<\/strong>The\nchi gas token is a bit more complex to use. The beauty of what we are offering\nis the ease of use for the every day user. No dealing with the 1inch aggregator\nand all you have to do is hold the ENOL token and earn. In addition our limited\nsupply and No minting means the value of the token has potential to increase\nmaking this a great investment as well as great use case<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>No minting?<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>there\nis no mint function in contract?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>Correct,\nwe have a 10,000 total and max supply.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Did\nyou pass audit? Your github is so empty<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>Yes\nwe have had multiple audits which will be posted and Github will also be\nupdated. We just launched the dapp yesterday and really wanted to keep the\ncoding to ourselves since this really is the first of its kind. We know copy\ncats will come but making sure we protected our IP was important to us.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>gotcha<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>We will wait for this results to become public<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>sounds\ngood to me \ud83d\ude42<\/p>\n\n\n\n<p><em>Q2 from telegram\nUsername&nbsp; @Jonahapagu<\/em><\/p>\n\n\n\n<p class=\"has-text-align-left\"><strong>At the Moment for a user to get 100% Refund of their gas Fees they need to Hold a minimum of 100 ENOL\u2026 with the price of ENOL being around $100 at the moment this will be worth around $10,000 this for sure is a very high requirement to meet\u2026 making it more difficult for a lot of users to Opt for your 100% cashback package..Knowing that only situations of extremely high gas fees will make this offer an attractive one.. Why did you decide that the price should be this high.. even the minimum requirement of 2 ENOL which is around $200 will give users just 10% cashback of gas fees\u2026 looking ahead how will your ensure that fair prices for both times of high and low gas fees are decided for your packages.<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>Many\nlarge investors are spending hundreds per day in gas fees from trading on\nuniswap. This appeals to them greatly. Also, at launch there is always\nuncertainty of price and adoption that is why the tokens also hold governance\nover the reward requirements as well as other important decisions of the\nplatform. As the price grows and we have a baseline of of our average holders\nwe will be able to have the community vote on the changes. We expect the first\nvote to be relatively soon.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Do\nyou know approximately how many tokens user will need to hold to vote?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>We\nwill make this minimal and likely just 1 ENOL to be eligible to vote, We are\nfinalizing the voting details now and should have something ready for the\npublic in the next week or so.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club<\/strong>:\nOk, do you see yourself as a some kind of VIP project, because, in fact, the\nprice of gas is of interest to those who can not buy 100 of your tokens?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:\nNo, as mentioned we will be having the community vote, 100% cash back rewards\nfor everyone wouldn&#8217;t be sustainable so yes the 100% tier needs to be priced a\nbit high but that is why we also have lower tiers where everyone can benefit.\nEven a holder earning just 20% cash back rewards can quickly get to $50 or $100\nin a day if they are a uniswap trader.<\/p>\n\n\n\n<p>As we have seen Gas fees\nin bull markets can exceed $50 per transaction<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Ok, it&#8217;s clear for me<\/p>\n\n\n\n<p><strong>D. | Satoshi Club<\/strong>:is\nit possible that you will reduce minimum requirement for holders? like holding\nless than 2 tokens for &#8216;cashback&#8217;?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>Yes\nabsolutely, that is what the governance on the token will vote on. As price\nincreases we will need to keep decreasing the amount of tokens needed for each\ntier.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club<\/strong>: ok, understood <\/p>\n\n\n\n<p><em>Q3 from telegram Username\n@KevSalom <\/em><\/p>\n\n\n\n<p><strong>Seeing your total dependence on Ethereum makes me think: what will happen to Ethanol Token if for some reason Ethereum disappears or stops being used? Would you disappear too or is your project adaptable to some other network?<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>That\nis a great question, If Ethereum disappears the entire crypto market would\ncrumble around them, however our team is already developing ways to integrate\nother blockchains and issue cash back rewards for those as well. We see\nourselves providing cash back for miner\/transaction fees on Bitcoin, BCH and\nmany others. Ethereum is only the beginning, we chose to start with them\nbecause right now their gas fees are one of the largest pain points in crypto.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>it&#8217;s very hard to imagine that Eth can disappear<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Yes,\ntrue. Which platform do you consider to be the next?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:\nBTC will likely be next simply for the adoption. fees are pretty low now but so\nmany transactions happen on that network that it can grow awareness of the\nproject quickly.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Did\nyou already started with this? Do you know how to integrate your platform?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:\nyes the development has already begun. This will be a very exciting development\nonce it is completed. There are a lot of tools out there that when used\nproperly can help you integrate everything. The possibilities on the blockchain\nare endless<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Great, one more thing we are waiting from you<\/p>\n\n\n\n<p>Ready to go forward to\nthe next question?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>The\nbeauty of our project is it will never be &#8220;Completed&#8221; we will always\nlook for new innovations<\/p>\n\n\n\n<p>sure am!<\/p>\n\n\n\n<p><em>Q4 from telegram Username\n@ovkneze_big<\/em><\/p>\n\n\n\n<p><strong>On your logo drop and fire, it looks like you borrowed your drop from gasonline, why did you choose such a logo? What is its significance? And, if I already see the flames, I would like to ask \u2013 what is your program to maintain fire prices and liquidity of your token? Is a token burn possible?<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>The\nname and logo are a play on the &#8220;Gas&#8221; fees. Ethanol is an alternative\nfuel to regular fossil fuels. The Ethanol token in sense is doing the same\nthing. We look to disrupt the gas fees in a similar way to how alternative\nfuels are disrupting the oil industry. <\/p>\n\n\n\n<p>A token burn is not\nneeded since we already have a very low supply of 10,000 with no mint feature.\nWe locked 95% of all ETH in liquidity from the presale and we are also\nrewarding LP providers on uniswap with weekly rewards. They share 10% of the\nreward pool each week based on the % of liquidity they are providing.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>so\nno plans for burning? ever?<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Ok, so you will burn our losses in the name of profit<\/p>\n\n\n\n<p><strong>D. | Satoshi Club:<\/strong>haha <\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>At\nthis time there would be no reason for any burn. That is just a fancy marketing\nploy. The reality is 10,000 tokens is not a lot and has no reason to have an\nadditional burn. If things change in the future the governance of the tokens\nwill vote on it.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>ok,\ni can understand this. thanks for answer!<\/p>\n\n\n\n<p><em>Q5 from telegram Username\n@konditer_rolex<\/em><\/p>\n\n\n\n<p><strong>There is a nuance that haunts me. If I understand correctly, I connect to your platform using Metamask. When I transfer any of my tokens to the exchange, you charge me an ENOL token. This is cashback.And in order to pick up ENOL do I pay for gas again? For this you give me ENOL again\u2026 I get a vicious circle that will break when I run out of Ethereum in my wallet. Explain how this will happen and is the total supply of ENOL limited?<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>I\nam not really understanding the question. You simply buy ENOL from Uniswap just\nlike any other token. Once you have the required amount in your wallet you will\nsee your rewards build daily in the dapp. You choose when to withdraw your cash\nback. Yes, any interaction with the blockchain requires gas and that is why\nholding this token is so valuable. <\/p>\n\n\n\n<p>As for the 2nd part the\nreward pool is built from a 4% transaction fee similar to a burn. Instead of\ngoing to the burn address it goes to the reward pool. Also when you withdraw\nyour cash back 10% of that will go to the reward pool to make sure it continues\nto have enough tokens to pay rewards. If the pool ever starts to shrink too\nfast that is again where governance will come in. The holder will have the\nability to vote on the needed changes to reward tiers and holding requirements.<\/p>\n\n\n\n<p>the cash back comes from\nany and all transactions in the same wallet you hold ENOL in. there is no\n&#8220;loop&#8221; so after the AMA if you need further clarification please join\nour telegram and we will walk you through the process \ud83d\ude42<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Can\nyou tell me which is my last action in the chain 1. I got cashback &#8230;<\/p>\n\n\n\n<p>Because i understand the\nquestion and it&#8217;s really interesting<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>What\ndo you mean by last action? As long as you are holding the required amount of\nENOL you will continue earning cash back on any and all ETH gas fees in that\nsame wallet<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Look<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>you\nwill in fact earn cash back on the gas fee you paid to claim your rewards as\nwell<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club<\/strong>:\n1 i made transacton<\/p>\n\n\n\n<p>Can these rewards be\naccumulated or i have to withdraw each time?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>yes\nyou choose when to claim your rewards. most people agree it makes sense to let\nthem build up so you are not spending so much gas<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>they\nbuild up until you choose to claim, you can let them build for a year if you\nwant<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Ok, now i see light in the end of tunnel <\/p>\n\n\n\n<p>Thank you<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>haha\nyes that is where the confusion is. No need to claim daily, they will just grow\nand grow<\/p>\n\n\n\n<p><em>Q6 from telegram Username\n@apocan99 <\/em><\/p>\n\n\n\n<p><strong>Scheduled Transactions is a very innovative feature which allows to specify timing. I also see that transactions can be scheduled based on the fees. How is that determined, does the user select the fee amount or is there an algorithm for that? Many users will set many scheduled transactions. To perform this, Ethanol system will have to make several continuous checkings. Doesn\u2019t it have any effects on the speed of network?<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>The\nusers will choose the fees they want to pay and once the gas cost is within\ntheir range the smart contract will execute the data. The beauty of things like\noracles and chainlink is they bridge the gap between off chain and on chain\ndata very nicely which makes this much less stressful on any network than it\nwould have in the past.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Do\nyou have guide how it will work?<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>When\nthe feature is ready there will be documentation and how to guides showing\nthis, but again we cant give too much info before launch or the copy cats will\nuse that to their advantage<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>When\nit will work?) Do you have any terms?<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>i thought you are already launched.<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>We\ndo not want to quote dates or times right now as unforeseen issues might arise\nbut the team is hard at work as we speak. We will give more details on the\ntimelines when available.<\/p>\n\n\n\n<p>The cashback Dapp is\nfully launched, scheduled transactions is a future feature<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>ohh\ngot it!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Ok, we have third thing we are waiting from you <\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>as\nwe mentioned we will never be &#8220;Completely launched&#8221; because we are\nalways looking for new ways to change the game<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Sure,\ninfinity development \ud83d\ude09<\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>No\ntrue company can ever be done innovating \ud83d\ude42<\/p>\n\n\n\n<h2><strong>Part 2 \u2014 live\nquestions from the Telegram community<\/strong><\/h2>\n\n\n\n<p><em>Q1. from Telegram user @ <\/em><em>Jonahapagu<\/em><\/p>\n\n\n\n<p><strong>The concept of Rewarding users cashbacks\nand Refunds of their gas fees is a much needed one within this Space but with\nthe coming of Ethereum 2.0 we are all expectant of having consistently low\ntransaction fees on the ethereum network.. don&#8217;t you think this will affect the\nonboarding of your target users to EThanol because when gas fees becomes\nneglible people will no longer be much interested in getting refunds&#8230; what\nare your plans to ensure that Ethanol remains relevant even in times of\nextremely low gas fees.. will you also be integrating other chains with high\ntransaction fees like Bitcoin&#8230;<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT: <\/strong>Ethereum\n2.0 has faced delay after delay and out of the gate will not have a large\nimpact on gas fees. In anticipation of this we are already working to integrate\nadditional blockchains such as bitcoin and other top coins. There will always\nbe a fee, so there will always be something to reward.<\/p>\n\n\n\n<p><em>Q2. from Telegram user @DiegoRME<\/em><\/p>\n\n\n\n<p><strong>When holding your tokens, how many do I\nneed to enable the cashback rewards?&nbsp; And\nare there different levels of rewards in their cashback system depending on how\nmany tokens we have in long-term hold?<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:\nOnce you are holding the correct amount of tokens you will be eligible for\nrewards automatically, you do not need to do anything. The Etherscan API,\nchainlink and our smart contracts are automatically tracking and calculating\nrewards for that eallet. They will be added to the dashboard daily and you can\nchoose when to withdraw your rewards. <\/p>\n\n\n\n<p>Rewards for holding tokens are below<\/p>\n\n\n\n<p>2 &#8211; 4.9 Tokens = 10% Cash Back <\/p>\n\n\n\n<p>5 &#8211; 9.9 Tokens = 20% Cash Back <\/p>\n\n\n\n<p>10 &#8211; 19.9 Tokens = 30% Cash Back <\/p>\n\n\n\n<p>20 &#8211; 29.9 Tokens = 40% Cash Back <\/p>\n\n\n\n<p>30 &#8211; 39.9 Tokens = 50% Cash Back <\/p>\n\n\n\n<p>40 &#8211; 99.9 Tokens = 60% Cash Back <\/p>\n\n\n\n<p>100+ Tokens = 100% Cash Back<\/p>\n\n\n\n<p><em>Q3 from Telegram user @AmitGoyal1444<\/em><\/p>\n\n\n\n<p><strong>I am interested to buy $ENOL please tell\nme Where I can buy this or you Can send me link to access this directly??<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:ENOL\nis available only on uniswap. <\/p>\n\n\n\n<p><a href=\"https:\/\/info.uniswap.org\/pair\/0xA8BEf252AfAc1D6263F22C1e4F33f3777ED30Bd6\/\">https:\/\/info.uniswap.org\/pair\/0xA8BEf252AfAc1D6263F22C1e4F33f3777ED30Bd6\/<\/a><\/p>\n\n\n\n<p>We are looking at other DEX but we have no interested\nin centralized exchanges at this time just based on the nature and technical\naspects of the project.<\/p>\n\n\n\n<p><em>Q4 from Telegram user @warny<\/em><\/p>\n\n\n\n<p><strong>Why is the team behind ETHANOL anonymous,\ndon\u2019t you think it can affect investors decisions ? Do you plan to disclose the\nidentity of the team in the future ?<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:The\nteam is not anonymous, myself and other team members are publicly available on\nthe Website. I am a public figure here in the USA and would not jeopardize my\nlivelihood or freedom by working in this capacity with a project that was not\nfully above board. \ud83d\ude42<\/p>\n\n\n\n<p><em>Q5 from Telegram user @melanintrish<\/em><\/p>\n\n\n\n<p><strong>So only ENOL holders would be able to earn\nthis cash back right? no plans for nonholders.<\/strong> <\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:Correct\nonly holders of the required amounts above will be eligible for rewards, you\nmust hold to get the perks which will increase demand and with such a limited\nsupply and an increasing demand you can see what the true potential really is.<\/p>\n\n\n\n<p><em>Q6 from Telegram user @waybesuricata<\/em><\/p>\n\n\n\n<p><strong>Regulations for projects is very\nimportant. Projects can be banned in many countries because they do not use the\nappropriate regulations and permits. How do you solve this problem?<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:Agreed!\nThe largest issues arise when a project has no use case. We can all agree the\nutility of ENOL is not debatable meaning as a utility token it does not fall\ninto a high risk category at this time. Things may change down the line and we\nare prepared to adjust accordingly to make sure this never becomes and issue.<\/p>\n\n\n\n<p><em>Q7 from Telegram user @Corrie_Dorf<\/em><\/p>\n\n\n\n<p><strong>Hello I&#8217;m from Korea. did you know there&#8217;s\nmany potencial investor comes from Korea, do you have plan to create Korean\nCommunity group and facilite us to get more closer and better knows with your\nproject? And also to expand the market on the korean exchange?<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:As\nour community grows we will evaluate the need for additional communities. We\nare not interested in any centralized exchanges because the trades would not\nhave the 4% transfer to reward pool and the holders on the CEX would not be\neligible for any rewards since they don&#8217;t truly own those wallets.<\/p>\n\n\n\n<p><em>Q8 from Telegram user @cemtoscu<\/em><\/p>\n\n\n\n<p><strong>Me and most crypto users are afraid of\nscam projects because lots of projects just have taken the cash and got away.\nCould you please tell us why should we invest to ethanol project?<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:The\nreality is investing in crypto is always risky. We have taken steps to show the\nrisk is minimal with our project by having public faces for the team, locking\nliquidity on unicrypt for 1 year and having no mint function on the contract.<\/p>\n\n\n\n<p><em>Q9 from Telegram user @boradam<\/em><\/p>\n\n\n\n<p><strong>After I invest and be in the ethanol\ncommunity, will I earn a vote privilege for governance?<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:Yes\nwe will be announcing the requirements for governance in the coming days. The\ntoken holders will decide on all future changes to the important aspects of the\nproject including reward payouts and required holdings.<\/p>\n\n\n\n<p><em>Q10 &nbsp;from Telegram user @K2ice<\/em><\/p>\n\n\n\n<p><strong>You said you will pay users for their gas\nfees if a pushed guaranteed transaction doesn\u2019t reach its limit. Does this\ninclude paying users like whale for huge gas fees lost?<\/strong><\/p>\n\n\n\n<p><strong>Crypto Rick \u2013 YT<\/strong>:\nIf the user was using a huge gas fee the chance of a failed transaction becomes\nnearly nonexistent so it will be a self monitoring system. There will also be\nsafeguards in place to ensure no users can manipulate the system.<\/p>\n\n\n\n<h2><strong>Part 3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n<p>As usual,\nfor the third part, Satoshi Club Team asked the chat 4 questions about the\ncrypto project. A link to a Quiz form was sent into the chat.<\/p>\n\n\n\n<p><strong>For more information and\nfuture 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> <\/p>\n\n\n\n<p>Russian\nTelegram group: <a href=\"https:\/\/t.me\/satoshi_club_ru\/\">https:\/\/t.me\/satoshi_club_ru\/<\/a> <\/p>\n\n\n\n<p>Spanish\nTelegram group: <a href=\"https:\/\/t.me\/satoshi_club_spanish\/\">https:\/\/t.me\/satoshi_club_spanish\/<\/a> <\/p>\n\n\n\n<p>Telegram\nChannel: <a href=\"https:\/\/t.me\/satoshi_club_channel\/\">https:\/\/t.me\/satoshi_club_channel\/<\/a> <\/p>\n\n\n\n<p>Twitter: <a href=\"https:\/\/twitter.com\/realsatoshiclub\/\">https:\/\/twitter.com\/realsatoshiclub\/<\/a> <\/p>\n\n\n\n<p>Website: <a href=\"https:\/\/esatoshi.club\/\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p><strong>Our partners:<\/strong><\/p>\n\n\n\n<p>Telegram:\n<a href=\"https:\/\/t.me\/EthanolToken\/\">https:\/\/t.me\/EthanolToken\/<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 Ethanol Token. The AMA took place on 2 December. 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":66,"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\/3785"}],"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\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=3785"}],"version-history":[{"count":12,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/3785\/revisions"}],"predecessor-version":[{"id":4114,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/3785\/revisions\/4114"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=3785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=3785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=3785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}