{"id":4314,"date":"2020-12-21T17:52:58","date_gmt":"2020-12-21T15:52:58","guid":{"rendered":"https:\/\/esatoshi.club\/?p=4314"},"modified":"2020-12-21T17:53:08","modified_gmt":"2020-12-21T15:53:08","slug":"yop-x-satoshi-club-ama-recap-from-20th-of-december","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/12\/21\/yop-x-satoshi-club-ama-recap-from-20th-of-december\/","title":{"rendered":"YOP x Satoshi Club AMA Recap from 20th of December"},"content":{"rendered":"\n<p>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 YOP and our guest was Atif Yaqub, Founder of\nYOP.\nThe AMA took place on 20<sup>th <\/sup>December.<\/p>\n\n\n\n<p>The AMA session was divided into 3 parts with a total\ncrypto reward pool of 888$ <\/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>Gold Rocket | Satoshi Club: <\/strong>Hello, dear Satoshi Club! <\/p>\n\n\n\n<p>Today we are present to your attention AMA with YOP!<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>hello\nSatoshi Club!<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>And\nour guest is @AtifYaqub!<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>@AtifYaqub welcome to Satoshi club! <\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Hello\neveryone. Great to be here. Thank you for hosting YOP.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Thanks\nfor joining.<\/p>\n\n\n\n<p>To be begin with, please tell us a few words about\nyourselves and how did you get to be involved in crypto &amp; YOP.<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Hi,\nI am Atif Yaqub, Founder of YOP. Have been active in the crypto space for over\n4 years now. Started with mining, moved into investing and over the years\nsupported various projects. We are based in UK with a global team. YOP came\nabout from my personal frustration of most products being geared toward\ntechnically capable users. So we decided to create a more user friendly\nenvironment but at the same time stay true to the crypto values.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>thank\nyou! and could you tell us briefly, what is YOP?<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>And\nthis is a very correct decision, I think!<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>YOP\nis a yield optimization platform &amp; protocol. All-in-one yOptimization\napplication that makes it easy for everyone to access DeFi. Giving you control,\ncustody, insights and flexibility directly in one single application. <\/p>\n\n\n\n<p>Our platform brings together all the tools and our\nprotocol brings together all the access to contracts and pools. All powered by\nour token $YOP.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>The\ncrypto world is becoming more accessible and creating understandable services\nfor ordinary people is definitely the right direction!<\/p>\n\n\n\n<p>Thanks for the intro! Would you like to add something\nor can we start with the questions of part 1?<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>more\nsimplicity in DeFi this is what we need<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Lets\ngo to questions. <\/p>\n\n\n\n<p><strong><em>Q1 from Telegram user @b_dima <\/em><\/strong><\/p>\n\n\n\n<p><strong>Your maximum supply is 88,888,888. The\nreward for the AMA is 888. I see that you work around this number \ud83d\ude00 <\/strong><\/p>\n\n\n\n<p><strong>Do you think it will bring luck to your\nproject? It is also a symbol of efficiency and prosperity<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Numbers\nare really interesting no doubt. They have different meaning for different\npeople. When we did our calculations it was close to 88, so then I thought if\nwe going to have 88, better it is eight 8, and we arrived at 88,888,888. Now\neverything stays interesting as you divide that. So we also have cool numbers,\n2222, 1111, 888. Keeps it interesting!<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>magic\nof numbers<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Interesting\ntheory!<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Open\nto interoperation for everyone. That is the best part.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>and\nof course you have decimal 8 in your Ethereum contract?<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Tell\nus please about your tokenomics btw @AtifYaqub<\/p>\n\n\n\n<p>I&#8217;m sure there was some magic<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"984\" height=\"824\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo5978647613823627967.jpg\" alt=\"\" class=\"wp-image-4315\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo5978647613823627967.jpg 984w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo5978647613823627967-300x251.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo5978647613823627967-768x643.jpg 768w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><\/figure>\n\n\n\n<p>Yes for sure. So the best part is $YOP is engineered\nto be deflationary. Our yPlatform and yProtocol make use of the token and\nwithdraw supply from the market. We also have staking, rewards and a buyback\nplan for token burn. The initial circulating supply is below 10m tokens. We\nhave also kept the token sale price flat at $0.05 for everyone so it is a level\nplaying field.<\/p>\n\n\n\n<p>We have 3m tokens locked from the initial supply\ndeferred by our intuitional investor for delivery at 18 months.<\/p>\n\n\n\n<p>It is great to have longterm partner like Pires, who\nis listed on the London Stock Exchange supporting the project.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong>Yes,\nI read about it on your twitter. Could you tell us more about this?<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>your\ntoken sale already happened or you preparing to launch?<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>So\nearly on we were approached by this institutional investor, who really had\ngrowing interest in the crypto space. We went through a 7-8 week process of due\ndiligence and technical reviews. The idea behind having such a partner is 1.\nmakes the project very strong from the start, being verified (no rug pulls\nhere) 2. gives us long term growth options to raise more capital when we want\nto scale up. Our hardcap is only $533k, the plan is to deliver our first version,\nbuild a base and the grow from there. With proof of product rather than raising\nhuge amounts at start and then not delivering.<\/p>\n\n\n\n<p>Most of our token sale is complete, we have a small\nallocation remaining which will be launched on a platform in January. More\ndetails coming soon. Join our TG Chat for the latest. @YOPfi<\/p>\n\n\n\n<p><strong>D. | Satoshi Cluba: <\/strong>wise\napproach<\/p>\n\n\n\n<p>got it! thank you!<\/p>\n\n\n\n<p>appreciate for answers! ready for the next question?<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Ready.\n<\/p>\n\n\n\n<p><strong><em>Q2 from Telegram user @bitcoinistic<\/em><\/strong><\/p>\n\n\n\n<p><strong>You mention that the current applications\nare poor and generally have limited features with one or two core functions.\nFrom all your research and testing none come close to a premium user\nexperience. <\/strong><\/p>\n\n\n\n<p><strong>Now this is interesting but I would like\nto see some proof. Can you share with us some of your analysis of your\ncompetitors?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong><a href=\"https:\/\/yopfi.medium.com\/the-robinhood-of-defi-yop-competitive-analysis-29c09da0567d\/\">https:\/\/yopfi.medium.com\/the-robinhood-of-defi-yop-competitive-analysis-29c09da0567d\/<\/a>\n<\/p>\n\n\n\n<p>We have a 56 page report that we published on our\nMedium blog. Link :point_up_2: You can review details about the competitor\nplatforms there. In terms of our protocol competitors, it is widely known today\nall the DeFi protocols are single function, like AMM, Stables, Lending etc.\nLook out for our protocol paper coming soon which outlines our plans for the\nDeFi Super Protocol.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Wow!\nDetailed enough analysis!<\/p>\n\n\n\n<p>By the way, have you done an audit of smart contracts?<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>thanks!\ni think people will find there all answers about this topic<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong><a href=\"https:\/\/etherscan.io\/token\/0xae1eaae3f627aaca434127644371b67b18444051\/\">https:\/\/etherscan.io\/token\/0xae1eaae3f627aaca434127644371b67b18444051\/<\/a>\n<\/p>\n\n\n\n<p>Our current smart contract deployed for the token is\nfully audited. 100% all other contracts we deploy will also be audited, tested,\nreviewed. Customer safety is very important.<\/p>\n\n\n\n<p>Please be careful as YOP has grown in popularity there\nare many fake channels and tokens now being promoted.<\/p>\n\n\n\n<p>Always verify and double check!<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Thanks\nfor the answer!<\/p>\n\n\n\n<p>Do your users need to pass KYC?<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>The\nyPlatform is non-custodial so it will be open to everyone. If they chose to use\nthe fiat on-ramp then the 3rd party provider may have some elements of KYC. The\nrest no.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>understood,\ngood to know such a things<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Can\nwe proceed. Or you want to add something?<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Proceed.\n<\/p>\n\n\n\n<p><strong><em>Q3 from Telegram user @Tommyramble<\/em><\/strong><\/p>\n\n\n\n<p><strong>How are the farms selected? You say that\nthe optimization protocol gives access to the best farms, but how is this list\nof farms created?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"254\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/9bad0132-16f3-446a-be90-69c8e3ec4c07-1024x254.jpg\" alt=\"\" class=\"wp-image-4316\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/9bad0132-16f3-446a-be90-69c8e3ec4c07-1024x254.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/9bad0132-16f3-446a-be90-69c8e3ec4c07-300x75.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/9bad0132-16f3-446a-be90-69c8e3ec4c07-768x191.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/9bad0132-16f3-446a-be90-69c8e3ec4c07.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>So there will be various parameters for this depending\non what the customer would like to choose. For us &#8220;Yield&#8221; is\neverything from holding an appreciating token, earning reward in an AMM pool,\nor farming tokens. So the novice user may just want low risk easy access.\nSelect an APY and lock tokens. Others might want to chase APY at high risk.\nThere will be options for everything. Customisable and as the version develop\nwe add more features.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Sounds\ngood<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>and\nwhen we will able to try all this diversity?<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>What\ndo you personally plan to use from the proposed options?<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>We\nhave been in development for a few months now. V0 releases Q1 2021 &#8211; we believe\nsomething around February time. The first version will not have all functions\nbut we have designed our architecture so that it is capable of handling all the\nadd ons. V0 will give you a flavour of all 5 products shown above and let you\nengage the markets. Then we slowly start layering on more features, so the new customers\nare not overwhelmed.<\/p>\n\n\n\n<p>Big fan of our &#8220;Emergency Button&#8221; this\nallows you to withdraw at an instance by front running TX when there has been a\nbig move in market or vulnerability found in a contract. At these times speed\nis important.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>oh,\nthis is really cool<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>YOP\nis cool <\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Thanks\nfor sharing! &nbsp;I&#8217;ll take it on board!<\/p>\n\n\n\n<p>Can we jump to the next question<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Lets\ngo <\/p>\n\n\n\n<p><strong><em>Q4 from Telegram user @Arisabela<\/em><\/strong><\/p>\n\n\n\n<p><strong>YOP has a sofisticated Protocol to compile\ndata from exchanges, block explorers and networks. It says in your website you\nuse artificial intelligence to identify the hottest trends. What kind of AI\ntechnology do you use? How is it profitable and how much funds do you destine\nto it?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Good\nquestion. So each of our 5 products are being built to a robust level that they\ncould easily be stand alone products in an app. The question here is about our\nSMA:tm: (Smart Market Analysis). As data of wallets, tx, movements is all open\non block explorers we are using machine learning and data harvesting to collect\nthis data and identity trends with Artificial Intelligence.<\/p>\n\n\n\n<p>This can highlight how many are holding which token,\nhow long, prices, movement, volume and customer sentiment. Something which has\nlacked on market data websites to date. It will be built overtime and as mentioned\nwe will raise more capital after V0 to scale up production too. Our partners\nour looking at the 3 years ahead and we have a long term outlook to grow YOP.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>This\nis a very large amount of work! how big is your team for release this<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>thank\nyou for answer! by the way are you planning to reveal your code? or maybe you\nalready did? can we see it on github?<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>We\nhave 12 now but that will grow as time goes on. Its not always about how big\nthough, but important to have quality too. You can hire 100 people but they\nmight not build anything, while 10 good team members do magic.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>As\nfar as I know, this is an international team and there are my compatriots from\nUkraine<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Some\nof the protocol stuff yes, other stuff will remain private unless we decide to\nmove into foundation model. We will look more into that in Q2 2021.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>got\nit! thanks<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>You\nhave to search the world to find the best. <\/p>\n\n\n\n<p>Also launching in covid time it made sense to\nstructure the project in a different way. No more offices. Fully decentralised.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>indeed!<\/p>\n\n\n\n<p><strong><em>Q5 from Telegram user @yellowchamp<\/em><\/strong><\/p>\n\n\n\n<p><strong>The circulating supply of $YOP should\nremain relatively low and early on we see $YOP becoming a deflationary asset.\nIn fact, our projections show deflation of between 12% and 15% in the later\nstages of the project. For those newbies in crypto, can you explain more about\nthe deflationary asset? How did you come up with an advance idea that $YOP will\nbecome a deflationary asset? What is your basis of having this projection in\nthe future? If this projection will be true, what is your advance plan in\ngiving a solution with this deflation?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub <\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"800\" height=\"454\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/23c534a8-2baf-4133-a048-184355412653.jpg\" alt=\"\" class=\"wp-image-4318\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/23c534a8-2baf-4133-a048-184355412653.jpg 800w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/23c534a8-2baf-4133-a048-184355412653-300x170.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/23c534a8-2baf-4133-a048-184355412653-768x436.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>The basic meaning is rather than more tokens coming\ninto circulation (normally leads to sell pressure) there is a withdrawal of tokens\nfrom supply (usually leads to buy pressure). Our economic modelling shows as\nusers grow we reach these figures. Our protocol &amp; token paper due out soon\nwill go into more details on this too. We have a dedicated economist who has\nhelped model this projections.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>It\nis very difficult. Thanks for clarifying.<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Another\nway to put it &#8211; more users less tokens. More demand. <\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>this\nis perfect explanation for newbies <\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Thanks!\nDo you want to add something? Or move on to the next question?<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Roll\non&#8230;<\/p>\n\n\n\n<p><strong><em>Q6 from Telegram user&nbsp; @konditer_rolex<\/em><\/strong><\/p>\n\n\n\n<p><strong>You have created an aggregator platform\nexclusively for mobile phone users. Why exactly these gadgets? Dislike of\noffice clerks or an attempt to adapt DeFi products deeper into society? But\nthen I have a question, how many languages does your application support? Is\nthere a translator (dictionary) from technical language to human? can my mom\nfigure out how to stake a YOP token?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Multiple\ngood questions. <\/p>\n\n\n\n<p>So firstly all big tech companies today now design for\nmobile first &#8211; even if they launch web first. This creates a better product as\nthe mobile restricts you to only put in what is necessary &#8211; where as web you\nhave so much space to play with things can get messy fast and UX\/UI not so\ngood.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"800\" height=\"430\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/bb3ee123-3eca-4ca2-8592-d6494d932ce5.jpg\" alt=\"\" class=\"wp-image-4319\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/bb3ee123-3eca-4ca2-8592-d6494d932ce5.jpg 800w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/bb3ee123-3eca-4ca2-8592-d6494d932ce5-300x161.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/bb3ee123-3eca-4ca2-8592-d6494d932ce5-768x413.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>We will follow up after the mobile version with a\ndesktop and tablet version.<\/p>\n\n\n\n<p>In terms of languages if you look at our roadmap &#8211;\nmulti lang support will come. As our community grows we will see which other\nlanguages have the most demand to add.<\/p>\n\n\n\n<p>In terms of your mother being able to use the app. I\nhope also everyone grandmother can use the app. That is how easy and\ninformative it should be. With labels and education resource for new comers.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>we\nwill hope our parents can gain some decent profit through yield farming, mining\nand maybe lending by using YOP<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>I\ndon&#8217;t know about Rolex, my mom is very progressive:grin:<\/p>\n\n\n\n<p>I dream of teaching her crypto!<\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>We\nwelcome them all. <\/p>\n\n\n\n<h2><strong>Part 2 \u2014 live questions from the Telegram\ncommunity<\/strong><\/h2>\n\n\n\n<p><strong><em>Q1. from Telegram user @Gutike95<\/em><\/strong><\/p>\n\n\n\n<p><strong>Does the platform have a SCAM token\nchecking system? or will it just append all available tokens in uniswap?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>This\nis why we included market data within the application. So that you can have all\nthe relevant information on hand. From here we will start grading tokens and\ngiving insights where to be more cautious.<\/p>\n\n\n\n<p><strong><em>Q2. from Telegram user @cengizhantekin<\/em><\/strong><\/p>\n\n\n\n<p><strong>Is yProtocol a fork of an existing\nprotocol or have you prepared it from scratch?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Our\nown proprietary mechanism. Initially it will speak to other DeFi protocol and\nthen we will start to grow our own liquidity. So its a mixture really.<\/p>\n\n\n\n<p><strong><em>Q3 from Telegram user @jerryziz91<\/em><\/strong><\/p>\n\n\n\n<p><strong>As a concept the Multi product Support\nsounded rather fascinating. Which kind of products can it generally support and\nwhat are the benefits of the mechanism for the users?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>The\ncore benefit is not having to leave the application. So right now imagine when\nengaging DeFi protocols. You check price in one place. Swap in another. Then\nmake a pool. Then stake. Then use another provider as wallet dashboard to see\nwhat is going on. Too much headache. Now imagine having all of that in one\napplication.<\/p>\n\n\n\n<p><strong><em>Q4 from Telegram user @KeymerS<\/em><\/strong><\/p>\n\n\n\n<p><strong>I understand that you plan to integrate\nYOP into the 7 different networks, that&#8217;s great, but on which exchange\nplatforms do you plan to list it with each of those chains?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>We\nwill monitor where the best products are being created and implement these into\nYOP. This is a long term vision and the market is always moving so we have to\nfollow and see where it goes. Ultimately we see YOP becoming the launch\nplatform for new innovations in DeFi and other products as our community grows.<\/p>\n\n\n\n<p><strong><em>Q5 from Telegram user @Boylut<\/em><\/strong><\/p>\n\n\n\n<p><strong>Regarding YOP on-chain governance, what\nkind of proposals customers could put forward and how do you aim to encourage\nusers to actively participate in the governance of the platform, will there be\nincentives for doing so?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Yes\nwe have built incentives for staking and governance. This creates longer term\ntoken holders and therefore a more smoother governance process. We will publish\nthe formula in our protocol and token paper.<\/p>\n\n\n\n<p><strong><em>Q6 from Telegram user @paul_adebayo<\/em><\/strong><\/p>\n\n\n\n<p><strong>How do you intend to attract community\nmembers to your $YOP platform. Any reward or incentives for users of your\nplatform.<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Good\nquestion &#8211; details on the YOP Diplomat Club coming very soon. Stay tuned. Come\nEarn $YOP. @YOPfi<\/p>\n\n\n\n<p><strong><em>Q7 from Telegram user @winterkom<\/em><\/strong><\/p>\n\n\n\n<p><strong>&#8211;&nbsp;\nHow much participation do YOP&#8217;s private investors have in the management\nof the project? Do they have a say in the conduct of changes to the YOP\nprotocol?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>We\nhave chosen investors who are long term partners. They will support the project\nin various ways. So yes they will have active input and we also welcome\ncommunity feedback and ideas.<\/p>\n\n\n\n<p><strong><em>Q8 from Telegram user @ ThinhLe1219<\/em><\/strong><\/p>\n\n\n\n<p><strong>Hello Mr. @AtifYaqub What do YOP want to\nachieve through the AMA with Satoshi Club today?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>We\nwant to share our project, welcome the Satoshi Club community to YOP and\nhopefully reward the active participants along the way. Welcome to YOP!<\/p>\n\n\n\n<p><strong><em>Q9 from Telegram user @konditer_rolex<\/em><\/strong><\/p>\n\n\n\n<p><strong>You synthesize data from all liquidity\nplatforms into one application, and the application becomes a combine of DeFi\ntools. Farms, swap, wallet, etc. This is all cool but my phone has 3 GB of RAM\nand not very many cores.We don&#8217;t need Large Hadron Collider for the app to work\nproperly?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>With\nthe latest technology and new architecture we can create a faster and less CPU\nintense application. So don&#8217;t worry you will not need super computer to run\nYOP! :smiley:<\/p>\n\n\n\n<p><strong><em>Q10 from Telegram user @Tomekruz<\/em><\/strong><\/p>\n\n\n\n<p><strong>Who can benefit the most from the tools\nyou provide at YOP?<\/strong><\/p>\n\n\n\n<p><strong>Atif Yaqub: <\/strong>Our logo should answer the question. Newbie and advanced alike&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"320\" height=\"173\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/1d387fef-4010-45d8-aff0-e346785c9f64.jpg\" alt=\"\" class=\"wp-image-4320\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/1d387fef-4010-45d8-aff0-e346785c9f64.jpg 320w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/1d387fef-4010-45d8-aff0-e346785c9f64-300x162.jpg 300w\" sizes=\"(max-width: 320px) 100vw, 320px\" \/><\/figure>\n\n\n\n<h2><strong>Part 3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n<p>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<p><strong>For\nmore information and future AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n<p>English Telegram group: <a href=\"https:\/\/t.me\/Satoshi_club\/\">https:\/\/t.me\/Satoshi_club\/<\/a> <\/p>\n\n\n\n<p>Russian Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_ru\/\">https:\/\/t.me\/satoshi_club_ru\/<\/a> <\/p>\n\n\n\n<p>Spanish Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_spanish\/\">https:\/\/t.me\/satoshi_club_spanish\/<\/a> <\/p>\n\n\n\n<p>Telegram Channel: <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\npartners:<\/strong><\/p>\n\n\n\n<p>Telegram :<a href=\"https:\/\/t.me\/yopfi\">https:\/\/web.telegram.org\/#\/im?p=%40yopfi<\/a><\/p>\n\n\n\n<p>Twitter: <a href=\"https:\/\/twitter.com\/yopfi\/\">https:\/\/twitter.com\/yopfi\/ <\/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 YOP and our guest was Atif Yaqub, Founder of YOP. The AMA took place on 20th December. The AMA session was divided into 3 parts with a total crypto reward [&hellip;]<\/p>\n","protected":false},"author":66,"featured_media":4070,"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\/4314"}],"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=4314"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/4314\/revisions"}],"predecessor-version":[{"id":4321,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/4314\/revisions\/4321"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/4070"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=4314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=4314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=4314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}