{"id":4238,"date":"2020-12-19T16:17:37","date_gmt":"2020-12-19T14:17:37","guid":{"rendered":"https:\/\/esatoshi.club\/?p=4238"},"modified":"2020-12-19T16:37:36","modified_gmt":"2020-12-19T14:37:36","slug":"smarts-finance-x-satoshi-club-ama-recap-from-15th-of-december","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/12\/19\/smarts-finance-x-satoshi-club-ama-recap-from-15th-of-december\/","title":{"rendered":"SMARTS Finance x Satoshi Club AMA Recap from 15th of December"},"content":{"rendered":"\n

Hello, Satoshi clubbers Another AMA took place in\nSatoshi Club and we would like to introduce to you the AMA session with our\nfriends from SMARTS Finance and our guest were Hillary Sam and Anthony Paul. The\nAMA took place on 15th<\/sup> December.<\/p>\n\n\n\n

The AMA session was divided into 3 parts with a total\ncrypto reward pool of 500$.<\/p>\n\n\n\n

In this AMA Recap we will try to summarise the most\ninteresting points for you.<\/p>\n\n\n\n

Part\n1 \u2014 introduction and questions from the Telegram&Bitcointalk community<\/strong><\/h2>\n\n\n\n

Mary | Satoshi Club: <\/strong>Hello,\nSatoshi Club! We are happy to announce our AMA session with SMARTS Finance!\n@hillary_smat @Anthony_bit welcome to Satoshi Club<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>hello\nSatoshi club!<\/p>\n\n\n\n

@hillary_smat\n@Anthony_bit hello and welcome!<\/p>\n\n\n\n

Hillary Sam | Smarts.Finance:\n<\/strong>Thanks\nwe’re glad to be here<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>nice\nto see you here! <\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>How\nare you today?<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>It\nreally nice to be here.<\/p>\n\n\n\n

Hillary Sam |\nSmarts.Finance: <\/strong>Very good. How about you Mary?<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>I\nam fine, thanks! As you all are here, could you please introduce yourself and\nSMARTS Finance to our community <\/p>\n\n\n\n

Hillary Sam |\nSmarts.Finance: <\/strong>I’m Hillary Sam, and my colleague is\nAnthony Paul. We’re the co-founders of SMARTS Finance.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> You\nhave 2 founders or more?)<\/p>\n\n\n\n

Hillary Sam |\nSmarts.Finance: <\/strong>We have just two founders.<\/p>\n\n\n\n

And a number of team\nmembers.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>nice\nto meet you guys! so what is your project about?<\/p>\n\n\n\n

Hillary Sam |\nSmarts.Finance: <\/strong>Our Devs are three in number and they are\nexperts from Spain.<\/p>\n\n\n\n

Ride along with us as we\ntake you through what Smarts Finance is all about.<\/p>\n\n\n\n

SMARTS Finance is an\ninnovative DeFi platform which offers services and products aimed at providing\nan autonomous, flexible money market on the ethereum blockchain<\/p>\n\n\n\n

SMARTS Finance offers a\nsustainable model to token holder via<\/p>\n\n\n\n

– A burning deflationary\nmodel<\/p>\n\n\n\n

– Buyback mechanism using\nfees accrued from trading<\/p>\n\n\n\n

– Distributed gas fee to\nminimize transaction cost by 100x folds<\/p>\n\n\n\n

– Additional vesting of\ndistributed tokens to minimize sell pressure in the open market<\/p>\n\n\n\n

SMARTS long term vision\nis to add more value to the DeFi frontline via the power of community\nengagement, transparency, easy integration and adaptability. Also SMAT tokenomics\nis designed to be sustainable overtime because aside tokens apportioned for\nteam, all generated fees and funds will be directed towards the project use and\npromotions which will see SMAT token appreciate over time especially for long\nterm holders. <\/p>\n\n\n\n

In a nutshell, Smarts\nintelligently combines all this strategies to deliver the biggest APY to\ninvestors <\/p>\n\n\n\n

Done<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>thanks!<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Your\nvision is clear thank you for intro!<\/p>\n\n\n\n

Hillary Sam |\nSmarts.Finance: <\/strong>Your welcome<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>And\nyou will have possibility to explain more about SMARTS Finance while answering\nour community members questions  ready?<\/p>\n\n\n\n

Hillary Sam | Smarts.Finance:\n<\/strong>Yes.\nVery ready.<\/p>\n\n\n\n

<\/h2>\n\n\n\n

Q1 from Telegram\nusername @Ubik1337<\/em><\/strong><\/p>\n\n\n\n

I have read your Medium\narticle about Token Generation Event. In this article you inform, that you will\nheld 2 TGE events and for both those events you will minted 250000 SMAT. My\nquestion is \u2013 when are the rest tokens will be minted? If consider that at\nstart your total supply, should be \u2013 550,000 SMAT, as written on your website.\nThanks<\/strong>.<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>Permit\nme to come into the conversation and address the questions<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>yes,\nplease!<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Of\ncourse <\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>Yes,\n250k SMAT tokens are allocated for our TGE, which is 25% of the Maximum Supply\n(1M). <\/p>\n\n\n\n

10% which is 100k tokens\nis allocated to the team and this will be vested for 2 years. <\/p>\n\n\n\n

Also, 15% and 5% are\nallocated for Uniswap liquidity lock and Marketing respectively. The cumulative\nof these gives 550k tokens which is the Total Supply.<\/p>\n\n\n\n

The remaining 45% of the\nMaximum Supply will be minted bit by bit as a reward for Liquidity providers,\nstakers, lenders, and those who take part in the Smarts governance.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Do\nyou have dates when this event will take place?<\/p>\n\n\n\n

Hillary Sam |\nSmarts.Finance: <\/strong>Are you referring to the Token Generation\nEvent?<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>To\nall events<\/p>\n\n\n\n

I mean minting<\/p>\n\n\n\n

Hillary Sam |\nSmarts.Finance: <\/strong>Okay good<\/p>\n\n\n\n

Our Token Generation\nEvent will commence later today by 6:30pm UTC.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>nice!\npretty soon<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Ok,\ngot it, thanks<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>so\nall 550k tokens will be minted today?<\/p>\n\n\n\n

Hillary Sam |\nSmarts.Finance: <\/strong>Minting of tokens allocated for stakers,\nliquidity providers etc. will take effect when we start launching our DeFi\nproducts and services which is timelined to start launching in the last quarter\nof 2020 and first quarter of 2021 according to our Roadmap.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>So,\nyou don’t have exact dates?<\/p>\n\n\n\n

Hillary Sam | Smarts.Finance:\n<\/strong>Nop.\nOnly 250k tokens is allocated for our TGE.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>ok,\ngot it<\/p>\n\n\n\n

Hillary Sam |\nSmarts.Finance: <\/strong>The dates will fall between now and the\nfirst quarter of 2021<\/p>\n\n\n\n

Mary | Satoshi Clubadmin:\n<\/strong>Understand\nready for the next question?<\/p>\n\n\n\n

Hillary Sam |\nSmarts.Finance: <\/strong>Yes <\/p>\n\n\n\n

Q2 from Telegram\nusername @reinleoken<\/em><\/strong><\/p>\n\n\n\n

The APY yield is going to\nbe announced when the dashboard goes live, but what percentage of APY can we\nexpect, just give us a rough estimate? And lock in period too is yet to be\nannounced, is there going to be penalty for leaving pool before the end of the\nlock in period! If yes what sort of penalty are we looking at?<\/strong><\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>There\nis a need to conclude the TGE (Token General Event) before the reward allocations\nand distributions are released. For the sole reason of knowing the amount to\nworkaround (in case there are some significant amount of token left out during\nthe event).<\/p>\n\n\n\n

We have a figure already\nwith the potential to yield at least 200% APY for the first few weeks before\nthe rewards are spread out on other products. This means participants of our\nliquidity program will be exposed to potentially higher rewards in the earlier\ndays.<\/p>\n\n\n\n

For our liquidity mining\nprogram, we have revised the lock-up period initial set at 6 months to 3 months\nin order to give flexibility to user’s open interaction as much as possible.\nThe lock-up period was put in place to ensure stable liquidity is available for\na decent amount of time. After this phase is concluded, withdrawn liquidity\nwill compensate from the project reserve and resource.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Nice\nAPY:<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>Yes,\nit will be available for early participants.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>And\nwhat about penalties? Or possibility of leaving pool?<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>The\npools will be locked up for 3 months.<\/p>\n\n\n\n

There won’t be the\npossibility to leave the pool until the unlocking period<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Oh,\nit’s clear  thanks<\/p>\n\n\n\n

Ready to go forward to\nthe next question?<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>Also\nconcerning our staking products, our whitepaper explains the staking periods\nand their distribution time.<\/p>\n\n\n\n

Yes please.<\/p>\n\n\n\n

Q3 from Telegram\nusername @Highpee<\/em><\/strong><\/p>\n\n\n\n

Smart contracts are\nvulnerable to bugs, and even recently big DeFi projects were victims of this,\nwith such security breach resulting in unplanned financial harm. How is the\nsecurity system in Smarts Finance smart contracts? I am asking because in one\nof your recent interview, you said you are tackling this issue by making a deep\nassessment of your smart contract and ensuring it pass certification by your\ninternal audit CTO. Do you you think internal audit alone is enough? Don\u2019t you\nthink you should partner other professional bodies such as slowmist, certik or\nothers to audit your smart contacts?<\/strong><\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>We\nare aware of the huge role security play in the success of every entity, most\nespecially blockchain-based projects that are operating around the DeFi\nconcept, and we know that managing it comes with a lot of responsibility.\nSecurity is #1 priority for us, and that is why we are engaging the services of\nwell qualified developers in this area with conversant knowledge of blockchain\nfor the development of our Smarts Contracts and products.<\/p>\n\n\n\n

Yes, we said in one of\nour recent AMA that part of the security measures we’ve taken was making a deep\nassessment of our contract with confirmation that it is safe to interact with\nby our CTO.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Also,\nin your audit report you’re referring to this link https:\/\/github.com\/SmartsFinance\/smart\/<\/a>\n , but it’s empty. Can you clarify about\nthis?<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>However,\nwe also stated in that AMA that we will be engaging the service of professional\nbodies such as Certik to ensure the utmost safety of our Smart contract as we\nwill be leaving no stone unturned.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Ok,\nthat’s great, that you understand its importance <\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>I\ndon’t think that is the right link<\/p>\n\n\n\n

Let me fetch it over here<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Yes:<\/p>\n\n\n\n

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

I mean this<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>Yes,\nthat’s the file.<\/p>\n\n\n\n

Or are you referring to\nthe disclaimer? <\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>I\nmean that you are referring here to your github and it’s empty. May be you have\nanother link or you have some troubles with your github page?<\/p>\n\n\n\n

Anthony Paul | Smarts<\/strong>:\nhttps:\/\/github.com\/SmartsFinance\/smart-contracts\/<\/a>\n<\/p>\n\n\n\n

The Github is working\nfine<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong> yeah, this link works<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Oh,\nthen you put wrong link in your report now i see, that it’s ok!<\/p>\n\n\n\n

Thanks, ready for the\nnext question?<\/p>\n\n\n\n

Anthony Paul | Smarts:<\/strong>Yes<\/p>\n\n\n\n

Q4 from Telegram\nusername @abujoans<\/em><\/strong><\/p>\n\n\n\n

SMAT is The governance\ntokens power the blockchain-based voting in Smarts ecosystem . They are often\nused to signal support for proposed changes and to vote for new proposals. For\nexample MKR in Maker Protocol. Are you planning to issue other tokens like the\nMaker project at Smarts Ecosystem?<\/strong><\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>For\nthe visible future, we are not planning to launch additional tokens. SMAT will\nbe the primary source under which all ecosystem functions and interactions will\nbe footed.<\/p>\n\n\n\n

It is the basis of value\ngeneration and distribution. SMAT will oversee governance function and their\nexecution. It represents the mantle of power users in the network can use to\ninfluence how <\/p>\n\n\n\n

\u2022 Operations are led <\/p>\n\n\n\n

\u2022 Rules are set and <\/p>\n\n\n\n

\u2022 The possible direction\nthe project should take.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>So,\nyour users won’t be able to vote for new tokens launch?<\/p>\n\n\n\n

If they will feel that\nthere’s a need for them)<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>If\nthe need to do that arise and the community approve that, then that will be\ndone.<\/p>\n\n\n\n

But for now there is no\ntangible reason to issue additional tokens.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Nice<\/p>\n\n\n\n

Yes, you just started,\nbut we are talking about possible future plans <\/p>\n\n\n\n

Ready for the next\nquestion?<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>but\npeople (your users) might be not understand your conception and how things in\ncrypto work, don’t you afraid that they can bury the project by their\ndecisions?<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>Yes.\nIf the need arise and is good enough to issue a new token then we may do that.<\/p>\n\n\n\n

The governance function\nwill have a set of rules which means only valid points can be expressed and\nestablished as there will be a consensus before a notion is put to its\nexecution.<\/p>\n\n\n\n

Yes please.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>got\nit, thanks for answer<\/p>\n\n\n\n

Q5 from Telegram\nusername @Fahruqh1<\/em><\/strong><\/p>\n\n\n\n

Everyone thinks that a\nsuccessful blockchain or cryptocurrency project is measured by the price of\ntheir token and is less concerned with technology and its adoption in the\nblockchain world afterwards. So for SMART what success targets will soon be\nachieved beyond the price side?<\/strong><\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>The\nkeyword is “A Sustainable Ecosystem”.<\/p>\n\n\n\n

Our long term vision is\nfor Smarts Finance to remain relevant within the DeFi space without\njeopardizing but rather improving on the basics and fundamentals of existing\ntrends in the decentralized finance niche.<\/p>\n\n\n\n

For us to achieve this,\nwe need to build a sustainable ecosystem where users are given access to all\navailable DeFi Services without any difficulty.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>That’s\nSmart Finance goal, right?<\/p>\n\n\n\n

Anthony Paul | Smarts:<\/strong>Yes.\nTo build a sustainable system.<\/p>\n\n\n\n

One way we can effect\nthat is through a well-defined reward distribution model. As such, we will be\nintroducing additional vesting of the newly distributed tokens given to\ninvestors as a reward for providing liquidity to keep the SMARTS Tokenomy\nhealthy.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Ok,\nmay be you have favourites in DeFi system who are like guiding stars for you?<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>Another\nis by increasing the rate of adoption as a continuing interest in the project\nwill ensure it keeps surviving and performing well.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Yes,\ncommunity is a big force for project <\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>Compound\ngave viral use to DeFi and it’s concept, so they are body to be referenced.<\/p>\n\n\n\n

We love Aave and Core too<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Good\nchoice<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>Even\nthough no system is perfect, what we aim to build upon are more use-case and\ndynamics to the already laid solutions.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Good\nluck with your own way, hope you will find your own amazing solutions <\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>definitely.\nthank you for answer! ready for the last question from this part?<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Ready\nfor the 6th and last question from this part?<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>We\nare so committed to doing that.<\/p>\n\n\n\n

Yes we are<\/p>\n\n\n\n

Q6 from Telegram\nusername @Coin4me<\/em><\/strong><\/p>\n\n\n\n

DeFi products and\nservices are still at an experimental phase and call for cautions in their\nhandling. Always afford to make your research and invest what you can afford to\nlose when you interact with their different components. Although, Smarts\nFinance will employ the versatility and experience of accredited auditing firms\nto ensure the safety of our contracts. Nevertheless, we cannot guarantee they\nwon\u2019t misbehave from faults due to bugs or other uncertainties. Use the\nproducts with care.\u2019 I found this statement is posted on your site and as\nstated you are taking off any SMART Finanse\u2019s responsibility for your users\nfunds loss. Maybe, after all, members of your community and investors deserve,\nfor example, insurance of their investments?<\/strong><\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>DeFi\nis a relatively new form of financial system built on top of the blockchain.\nThe fact that it is new explains why it comes with a lot of risks which might\nbe as a result of bugs and uncertainties, and as you know no software component\nis entirely free from bugs.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>That’s\ntrue <\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>In\na bid to maintain transparency,  the\ninformation on our website is there majorly to sensitize our investors about\nthe risks which comes with investing in the DeFi market despite the\nmouthwatering reward it offers.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>So,\njust on their own risk, right?<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>And\nno we don’t offer insurance. But will ensure we keep to the best security\npractise to make sure contracts and code are safe to deploy and use. <\/p>\n\n\n\n

Our dev team have their\nmajor versatility in cyber security and protection and with such possession, we\nhave the confidence to produce good products that are safe to interact with.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Got\nit<\/p>\n\n\n\n

So, i wish you no bugs,\njust profits<\/p>\n\n\n\n

Are you ready for the\nlive part?)<\/p>\n\n\n\n

Anthony Paul | Smarts: <\/strong>Lols.. Thanks.<\/p>\n\n\n\n

Part 2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n

Q1. from Telegram user @KevSalom<\/em><\/strong><\/strong><\/p>\n\n\n\n

I was very curious to see\nyou say that you have “a distributed gas rate to minimize the transaction\ncost”. What does this mean? Is the rate divided among several transactions\nor something similar? And if so, wouldn’t this affect the speed of each\ntransaction?<\/strong><\/p>\n\n\n\n

Anthony Paul: <\/strong>What\nthis means is that. We want to limit the barrier to entry by finding a solution\nto one of the major concerns of the Ethereum blockchain. <\/p>\n\n\n\n

What blockchain is set to\ndo is to set people free from the traditional ways not try to enslave them more\nto it. And as you know it, we are enslaved to fees of all kinds in conventional\nsettings. <\/p>\n\n\n\n

We want to minimize this\nby providing low gas costs on certain products we can effect and integrate this\ninto. <\/p>\n\n\n\n

One way we can achieve\nthis is by pooling deposits together and submitting them via a single transaction.<\/p>\n\n\n\n

Q2. from Telegram user <\/em><\/strong>@AugusS7<\/strong><\/em><\/p>\n\n\n\n

the only benefits of\nbeing ported from SMARTS are “Smarts Staking, Smarts Lending &\nBorrowing, Liquidity, Mining and Agriculture”? Or really in the long term\ncould they have even greater benefits, because of new applications developed?<\/strong><\/p>\n\n\n\n

Anthony Paul: <\/strong>We\nplan to add additional products that can benefit the system and users alike. We\nare restricted to pronounce such products right now as they are still in their\nplanning phase.<\/p>\n\n\n\n

 The aforementioned products are the services\nwe offer.<\/p>\n\n\n\n

Q3. from Telegram user @paul_adebayo<\/em><\/strong><\/strong><\/p>\n\n\n\n

A lot of project are\nbeing abandoned because the developers cannot achieve the required\ncapitalization. How can you make the project sustainable for its development<\/strong><\/p>\n\n\n\n

Anthony Paul: <\/strong>There\nare various mechanisms we have laid out to make the project sustainable. Our\nupcoming TGE which is happening at 18:30 UTC is one of the means we can acquire\nresource to ensure the project run for as long as possible. <\/p>\n\n\n\n

Different decent\nmarketing outlets have contacted us and we know working with them will give us\nthe right exposure and usage we need.<\/p>\n\n\n\n

Q4. from Telegram user @JesusFre1tes<\/em><\/strong><\/strong><\/p>\n\n\n\n

Q: Blockchain allows the\nneed not to trust, but to verify. The network contract and token permission\nimplementation function with SMARTS FINANCE is located with unrelated members\nthrough a multi-signature functionality. How efficient is this method? Why not\nuse an AI or bots as many other projects have done?<\/strong><\/p>\n\n\n\n

Anthony Paul: <\/strong>A\nfunction of such should be handled by humans. <\/p>\n\n\n\n

I do not think AI has\nbeen effectively used or applied to such use-case. <\/p>\n\n\n\n

Our multi-sig\nfunctionalities are handled by users who have the capability and sense to\nensure its safety and usage. <\/p>\n\n\n\n

The main purpose of the\nmulti-sig usage is to make sure we operate in the TRUSTLESS way possible and\nprevent the possibility to rug or misuse resource.<\/p>\n\n\n\n

Q5. from Telegram user @araceley<\/em><\/strong><\/strong><\/p>\n\n\n\n

Was any major issues or\nvulnerabilities reported after the internal audit done by your CTO?<\/strong><\/p>\n\n\n\n

Anthony Paul: <\/strong>No.\nNo vulnerability was found. The report of the audit is right in the chat during\nthe first phase of questions. <\/p>\n\n\n\n

You could read it’s\ncontent to confirm it’s authenticity.<\/p>\n\n\n\n

Q6. from Telegram user @Reinleoken<\/em><\/strong><\/strong><\/p>\n\n\n\n

Propose the listing of a\nnew token market.\u201d Aren\u2019t you concerned that sketchy elements could accumulate\n$SMAT and use the vote to vote in sketchy tokens on your platform? Is there a\nsystem to prevent accumulating smart token?<\/strong><\/p>\n\n\n\n

Anthony Paul<\/strong>:\nThis is a possibility. And we are planning to build a governance system that\nwould thrive to mitigate bad practices and whale influences of many kinds.<\/p>\n\n\n\n

Q7 from Telegram user @Alika061<\/em><\/strong><\/strong><\/p>\n\n\n\n

Will it be registered\nright after the sale. Or it lists immediately when the hard cap is reached for\nthe $SMAT token and when will the liquidity mining campaign start at\n#SmartsFinance? What to expect in the next quarter of 2021 in the last\n#SmartsFinance roadmap Do you have the roadmap.<\/strong><\/p>\n\n\n\n

Anthony Paul: <\/strong>The\nliquidity mining program will start along with our listing. <\/p>\n\n\n\n

The contract is ready and\nat the final stage to be deployed. <\/p>\n\n\n\n

To ensure there is an\nequal entrance to all participants. Deposits into the contract will be made\nbefore the token is listing at a set rate (which is the listing rate). <\/p>\n\n\n\n

These are some of the\nmeasures put in place to ensure LPs are not exposed to very high price\nvolatility which may affect the integrity of the pool.<\/p>\n\n\n\n

Q8. from Telegram user @Antoni_azx<\/em><\/strong><\/strong><\/p>\n\n\n\n

$SMAT holders will be\nable to redefine reward structure and their distribution. How often can be this\nchanges made and what happens if a proposal gets less than 50 votes? Is it\ndiscarded forever or can be putted in the table again?<\/strong><\/p>\n\n\n\n

Anthony Paul: <\/strong>Yes,\nthey will be able to vote for the rules and terms. <\/p>\n\n\n\n

More information on how\nthe governance system will work will be released when it is out for use.<\/p>\n\n\n\n

Q9. from Telegram user @AmirJosh<\/em><\/strong><\/strong><\/p>\n\n\n\n

10% of $SMAT tokens are\nallocated for the team and advisors. Is there gonna be a lock-up period for the\nteams token? How many months will it be lock and will it be gradually release.<\/strong><\/p>\n\n\n\n

Anthony Paul: <\/strong>Yes.\nThere will be a linear vesting period over 24 months or 2 years.<\/p>\n\n\n\n

Q10. from Telegram user @vedamatrix<\/em><\/strong><\/strong><\/p>\n\n\n\n

I’m interested in network\nvalidators programs. Does Smarts include mining, node validator prizes or\nminting too?<\/strong><\/p>\n\n\n\n

Anthony Paul: <\/strong>This\nis well done by our upcoming liquidity program. <\/p>\n\n\n\n

Part 3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n

As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about the crypto project. A link to a Quiz\nform was sent into the chat.<\/p>\n\n\n\n

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

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

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

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

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

Twitter: https:\/\/twitter.com\/realsatoshiclub\/<\/a> <\/p>\n\n\n\n

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

Our\npartners:<\/strong><\/p>\n\n\n\n

Telegram: https:\/\/t.me\/smartsfinance\/<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

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 SMARTS Finance and our guest were Hillary Sam and Anthony Paul. The AMA took place on 15th December. The AMA session was divided into 3 parts with a total crypto […]<\/p>\n","protected":false},"author":66,"featured_media":3988,"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\/4238"}],"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=4238"}],"version-history":[{"count":5,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/4238\/revisions"}],"predecessor-version":[{"id":4252,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/4238\/revisions\/4252"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/3988"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=4238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=4238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=4238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}