{"id":4338,"date":"2020-12-22T17:26:57","date_gmt":"2020-12-22T15:26:57","guid":{"rendered":"https:\/\/esatoshi.club\/?p=4338"},"modified":"2020-12-22T17:26:59","modified_gmt":"2020-12-22T15:26:59","slug":"peanut-project-x-satoshiclub-ama-from-17-december","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/12\/22\/peanut-project-x-satoshiclub-ama-from-17-december\/","title":{"rendered":"Peanut Project x SatoshiClub AMA from 17 December"},"content":{"rendered":"\n<p> The New Year&#8217;s amarathon continues and Satoshi Club is visited by incredibly interesting projects. Today we would like to tell you about the AMA session with our friends from Peanut Project. The AMA took place on December 21 and our guests were Alex Momot, Founder&amp;CEO at REMME, Board Member of the Bitcoin Foundation of Ukraine and Remme Roman.  <\/p>\n\n\n\n<p>The total reward pool was 1000$ and has been splitted in 3 parts.  <\/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\n1 \u2014 introduction <\/strong><strong>and\n<\/strong><strong>questions\nfrom the Telegram<\/strong><strong>&amp;Bitcointalk<\/strong><strong>\ncommunity<\/strong><\/h2>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Hello, Satoshi Club! We are happy to announce our AMA session with Peanut Project! <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40Remme_Roman\">@Remme_Roman<\/a> <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40AMomot\">@AMomot<\/a> welcome to Satoshi Club:grinning:<\/p>\n\n\n\n<p><strong>D. | Satoshi Club:<\/strong> <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40Remme_Roman\">@Remme_Roman<\/a> <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40AMomot\">@AMomot<\/a> hello guys! welcome!:wave:<\/p>\n\n\n\n<p><strong>Irina K. | @satoshi_club: <\/strong>Hi everyone and welcome <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40Remme_Roman\">@Remme_Roman<\/a> and <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40AMomot\">@Amomot<\/a><\/p>\n\n\n\n<p><strong>Remme Roman: <\/strong>Hello guys! Thanks for inviting us to your cozy group &#x1f604;<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Hi guys! Happy to be here!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Guys, it will be very interesting to see your intro) and of course, intro of Peanut Project &#x1f680;<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>My name is Alex Momot and I&#8217;m in crypto since 2013. Ethereum ICO participant and serial blockchain entrepreneur<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>It&#8217;s very short intro:joy: as i know you&#8217;re also in Bitcoin Foundation of Ukraine, right?) You&#8217;re making a lot of things for crypto massadoption)<\/p>\n\n\n\n<p><strong>Alex Momot:<\/strong> Right, from 2014 \ud83d\ude42 and many other activities in the space including building miners equipment and several startups<\/p>\n\n\n\n<p><strong>Remme Roman: <\/strong>Peanut is an advanced price balancer tool. As a good example, every time a trader swaps between tokens using an AMM, the price of the tokens in the pool changes. This affects the value of the pooled holdings of all liquidity providers. When one of the tokens in the pool spikes or crashes in price, as can frequently happen, liquidity providers suffer what\u2019s known as impermanent loss.<br> As a result, when they go to withdraw their assets from the pool, the value of their holdings has diminished. <br> Peanut balances prices after each trade to reduce slippage and helps liquidity providers earn more.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club:<\/strong> interesting concept:+1:<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> That&#8217;s great:grinning: we appreciate everything you did)<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Current flow without Peanut:<br> Step 1. <br> User buys Token A for ETH on Uniswap and creates slippage. Let`s say 2%. So he will recieve 98 tokens instead of 100.<br> Step 2.<br> Next user buys Token A for ETH on Uniswap and creates additional 2% slippage and he will receive 98-2%=96.04 tokens. <br> So slippage will be accumulated for each next user. <br> If arbitrage bots works on this token then part of slippage will be drained making slightly better rate for next user but creating impermanent losses as a result. <br> In both cases users and LPs will receive less.<br> Proposed flow with Peanut:<br> Step 1. <br> User buys Token A for ETH on Uniswap and creates slippage. Let`s say 2%. So he will recieve 98 tokens instead of 100.<br> Step 2.<br> Peanut balancing the price by moving liquidity from other exchanges to Uniswap making price 99 and providing part of profit to LPs covering impermanent losses.<br> Step 3. <br> Next user buys Token A for ETH on Uniswap and creates additional 2% slippage and he will receive 99-2%=97.02 tokens. <br> Step 4.<br> Peanut balancing the price again by moving liquidity from other exchanges to Uniswap making price 98.01 and providing part of profit to LPs covering impermanent losses.<br> So slippage will be lower for each next user in comparison to flow in first example. <br> In both cases users and LPs will receive more.<\/p>\n\n\n\n<p>\nHere is detailed explanation how our balancing mechanism will work<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Yes, i saw your graphics) it&#8217;s exciting! I have just one question before we will start with community questions) Why Peanut?)<\/p>\n\n\n\n<p><strong>Remme Roman: <\/strong>Our concept has same with a peanut bean. It\u2019s also consist of two edible parts and Peanut divides LP assets into two \u00abedible\u00bb parts also: <br> 90% is used for providing liquidity on Uniswap or via another DEXs <br> 10% is used for automatic multi-level price balancing between Uniswap and other DEXs and CEXs.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Wow, finally it&#8217;s not just the name of a food or vegetable) but the name with a sense:grinning:<\/p>\n\n\n\n<p><strong>Remme Roman: <\/strong>yep, we think over everything to the details \ud83d\ude09<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>wow&#8230;you will be work only with Uni? or with other DEXs as well?<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>With Curve, Balancer, Sushiswap and even with several smaller DEXs as well. We can integrate most of AMMs if there will be enough liquidity<\/p>\n\n\n\n<p><strong>D. | Satoshi Club:<\/strong> great! nice diversity :+1:<\/p>\n\n\n\n<p><em>Q1 from tg username <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40lionelos\">@lionelos<\/a><\/em><\/p>\n\n\n\n<p><strong>You\nsay that the smart contracts automatically ballances the prices after\neach trade. Can you tell me more about how this works? Do you have a\npool for this?<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot:<\/strong> It`s not smart contract only, we have sophisticated backend for CEXs involved in that. We can analyze situation on multiple markets and find the best route how to balance the price<\/p>\n\n\n\n<p>Users will have two options &#8211; create a new pool on Uniswap through our solution. In that case 90% of liquidity goes to Uniswap and 10% go to Peanut as an additional balancing pool. Or you can create a balancing pool for existing Uniswap pools. The same scheme will work for other DEXes.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club:<\/strong> can we compare you project with, let&#8217;s say &#8211; 1inch aggregator? you do the same things?<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>We made our own smart routing mechanism similar to 1inch 2 years ago &#8211; <a rel=\"noreferrer noopener\" href=\"http:\/\/Swapy.app\/\" target=\"_blank\">Swapy.app<\/a> and used that experience while building Peanut. But Peanut itself works in other way &#8211; earning money with current market swaps with no need waiting for someone that will use specifically our platform<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Is it still working? I mean, <a rel=\"noreferrer noopener\" href=\"http:\/\/Swapy.app\/\" target=\"_blank\">Swapy.app<\/a>?<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Yes, you can try it &#x1f642;<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>I definitely would:grinning:<\/p>\n\n\n\n<p><strong>D. | Satoshi Club:<\/strong> <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40madamlobster\">@madamlobster<\/a> do you want to ask your favourite question here? :eyes:<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Ahaha, yes, i think i will:joy: What about Peanut audit?)<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Good news here is that CEX part of our product centralized and will not suffer from classic flash loan attacks \ud83d\ude42 As for public smart contract part that should be launched in Q2 we will make an audit before the launch<\/p>\n\n\n\n<p><em>Q2 from tg username <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40Vir_leroy\">@Vir_leroy<\/a><\/em><br> <br> <strong>Did you have a pilot project or some tests that can show us how efficient your arbitrage method is?<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Our CEX-DEX balancer is live now (in close mode). DEX onchain part should be launched during several weeks. Frontrun and MEV protection finished. Monthly turnover around $5m with 50k profits. We are planning to caught few % from total market slippage during the year. Now it`s $300m per month on Uni only<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>I think few % from $300m will be ok) When will we get possibility to test it?<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>more than enough for someone:grin::wink:<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>We are not planning to provide direct access to bots itself. The idea is that LPs will provide liquidity and we will redistribute profits from balancing mechanism to them through token. Buyback program will start working from the day 1 after listing on Uni<\/p>\n\n\n\n<p><em>Q3 from tg username <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40Antonerem\">@Antonerem<\/a><\/em><\/p>\n\n\n\n<p><strong>Based\non the information you provide, all actions are performed on a smart\ncontract level. Isn&#8217;t this a bit slow? Especially when the network is\novercrowded and bottlenecks appear, how can you work fast? Lattency\nis essential in what you&#8217;re trying to do.<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>You are right &#8211; smart contracts are slow. Calculations made on our backend that should work very fast. We should perform Reserve updates, Estimation, Gas estimation and TX publishing in less then 20 ms and after that trancastions will be included in the block (block time in Ethereum is 16 seconds) But it`s about DEX onchain part. If we talking about CEX part speed is not so important cause there are many other risks like hacks, token withdrawal issues and so on<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> How can it be faster?<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>It`s all about proper architecture &#8211; all logic should be outside smart contract<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>by the way, do you have plan to solve the issue with high fees on Ethereum somehow? maybe not in the nearest future, but you are working on something like this?<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>I believe we should ask Vitalik about that :joy::joy: On our level we could work on reuse of each tx instead of cancellation, use various gas tokens and monitor mempool to be sure we making proper gas estimation<\/p>\n\n\n\n<p><em>Q4 from tg username <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40batrud\">@batrud<\/a><\/em><\/p>\n\n\n\n<p><strong>Do\nyou intend to expand the coverage to other types of trading in the\nfuture? Many forex? Or other areas in which slippages appear quite\noften?<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Sure, we will add more CEXs and DEXs cause there are many different markets and liquidity in crypto is fragmented. So in other words we have built interDEX integration solution \ud83d\ude42<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Can you give us current CEXs and DEXs names? I mean those you know will be available after launch<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Now we use Binance, Huobi, HitBTC, Kucoin, Gate and Uniswap. We are planning to add Curve, Sushiswap, Balancer and many CEXs as next steps<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Great:grinning: do you plan any partnerships with this exchanges?)<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Sure, and we have the first with Curve and more to come :grinning:<\/p>\n\n\n\n<p><em>Q5 from tg username <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40hadrianus14\">@hadrianus14<\/a><\/em><\/p>\n\n\n\n<p><strong> Why did you need to build your project on a blockchain infrstructure? What are the advantages and unique functionalities that the blockchain provides, because from where I see it &#8211; it would have worked better with a &#8220;classical&#8221; tech solution?<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>As for the CEX part &#8211; yes, it`s classical, but for DEX &#8211; it`s completely new mechanics. MEV, frontrunning (with blockchain specifics) smart contact routing for tokens, different types of txs &#8211; everything works onchain and will be impossible without sophisticated DeFi market in current state<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Btw, do you work with non-blockchain projects?)<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Currently we are working in blockchain space only. And token should be listed on two exchanges at least<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>and do you have any plans regarding to cross-platform interoperability?<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>99% of all liquidity now on Ethereum network. Once we will see significant growth on other platforms we will integrate it<\/p>\n\n\n\n<p><em>Q6 from tg username <a href=\"https:\/\/web.telegram.org\/#\/im?p=%40edibrown\">@edibrown<\/a><\/em><\/p>\n\n\n\n<p><strong> What is the relationship between NUX and REM? Why do people need to hold REM in order to participate in the airdrop and get bonuses?<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot:<\/strong> Peanut made by the Remme team. We made airdrop for Rem holders and Guardians (BPs) for attracting long time holders, supporters and tech savvy users for initial growth of the new product. We believe community is very important part of every project.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Did you already made $NUT airdrop?<\/p>\n\n\n\n<p><strong>Alex Momot:<\/strong> Not yet<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Is it possible to get in now? If i will buy REM now? Or it&#8217;s late?<\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>It`s too late for the airdrop but you still can take part in pre sale tomorrow&#x1f642;<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Super! What will i need for this? KYC? Min\/max to participate?:grinning:<\/p>\n\n\n\n<p><strong>D. | Satoshi Club: <\/strong>can you give us information about your pre sale?:blush:<\/p>\n\n\n\n<p><strong>Remme\nRoman<\/strong><strong>:\n<\/strong>\n<\/p>\n\n\n\n<p>PreSale start date: 22 December, 3 PM (UTC)PreSale end date: 29 December<br> PreSale supply: 4 000 000 NUX<br> PreSale hardcap: 2500 ETH<br> PreSale price: $0.25<br> Personal minimum cap: 1 ETH<br> Personal Maximum cap: 200 ETH<br> Accepted currencies: ETH, USDT, USDC<br> Token lock period: 25 month<br> Token unlock period: 4% every month during 25 month<br> No KYC. There won\u2019t be any whitelists or other criteria for participation. All you need to be mindful of is the time limit \u2014 don\u2019t wait till the very last second or you could be too late!<\/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 Memo<\/em><\/p>\n\n\n\n<p><strong>I\nunderstand that the tokens will be unlocked in equal parts in the\nnext 25 months, but will this not really affect directly the value of\nthe NUX tokens in the market, through the continuous increase in\nsupply in each unlock?<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Well, technically tokens will be unlocked during 750 days in equal parts each second, so growth in circulation will be very slow and smooth. The idea behind it is that tokenomics will start working immediately and token performance will be much better in comparison to usual situation in blockchain space \ud83d\ude42<\/p>\n\n\n\n<p><em>Q2 from Telegram user @KevSalom<\/em><\/p>\n\n\n\n<p><strong>You\nmention that &#8220;any potential price movement of large DEX trades\ncan be immediately damped by matching it on the CEX, protecting LPs\nfrom slippage&#8221;&#8230; But can&#8217;t very long movements in one direction\nexhaust this price cushioning capacity? Is it impossible for peanuts\nto stagnate?<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Price movements should be aligned on all markets otherwise arbitrators will earn instead of users. For efficient work of our algorithms we need volatility in any direction with any speed or size. Bad situation for us is absolutely stable prices but luckily it`s very rare situation in crypto \ud83d\ude00<\/p>\n\n\n\n<p><em>Q3 from Telegram user @jerryziz91<\/em><\/p>\n\n\n\n<p><strong>Can\nyou please be more specific about &#8220;NUX&#8221;? What is that, like\ngas for balancing algorithms&#8230; what does it mean?<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Peanut is powered by its own ERC20 utility token, NUX. In order to add liquidity to the Peanut pool, users will need to deposit some NUX tokens. Otherwise, Peanut\u2019s algorithms won\u2019t be able to conduct operations with the user\u2019s liquidity.<br> NUX enables our algorithms to work with your assets. Liquidity provider (or regular user) should have enough NUX on the balance for the Peanut balancing mechanism to start operating on their liquidity. Once profit is earned fee will be taken from the NUX tokens too.<br> Once the large-scale distribution is achieved and governance best practices proved, we\u2019re planning to use NUX utility token for governance purposes.<strong><br> <br> <\/strong>Let\u2019s use an example:<br> REM-ETH pool on Uniswap now has around $30k total liquidity.<br> Let\u2019s imagine all liquidity is provided by one person and he wants to have a part of the slippage and IL back. <br> For the Peanut DEX-CEX balancer to work they should put 10% of the pool value into our custody. <br> $30k*0.1 = $3k (DEX on-chain balancer don\u2019t require balance)<br> Next they should BUY &amp; STAKE $3000 in NUX token to unlock use of the balancing algorithm.<br> REM slippage on Uniswap was $16k (August, September, October).<br> If we will be able to catch 1% of slippage only, it will give $160 during these 3 months and $640 per year (21.3% annual yield). <br> If we can catch 5% &#8211; $800 and $3200 respectively (106.6% annual yield).<br> From all profits Peanut will takes 10% as commission.<\/p>\n\n\n\n<p><em>Q4 from Telegram user @chelyabinsk_crypto<\/em><\/p>\n\n\n\n<p><strong>How\ndid you come up with the idea of creating the Peanut solution? Was it\ndue to impermanent loss or some similar personal experience that made\nyou nderstand that there would be room for such solution?<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Yes, it was our personal experience. Once we\u2019ve provided liquidity to our REM token pool on Uniswap we got the idea of creating such a solution. We were faced with impermanent loss and slippage problems. At the same time prices on DEXes are not automatically aligned, and that led to a significant imbalance in the trading pairs. We\u2019ve started looking for possible solutions to this problem and developing the current Peanut model. AMMs itself suffers from this problem from the beginning. When users sells smt with huge profits big slippage is ok but we should improve overall logic to help or market be more mature and attract new users<\/p>\n\n\n\n<p><em>Q5 from Telegram user @Idee01<\/em><\/p>\n\n\n\n<p><strong>In\ndoing a SWOT analysis, we are well aware of the strength of Peanut\nprotocol (increases LPs profit, fix impermanent loss, reduces\nslippage etc). Can you honestly tell us the weakness of the platform\nand what steps have you taken to resolve it? What ways can the\ncommunity contribute to the growth and development of Peanut project?<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Currently we are still fighting with frontrunning and MEV making protection better and better. Frontrun is a situation when smb\u2019s trying to steal your txs and profit by reading it from mempool and creating the same tx with higher gas so miners will take such a tx earlier. We have implemented several types of protection for that already. MEV &#8211; it`s a unfair behavior of miners when they could take preferable tx with lower gas before your tx. Another potential threat is that crypto trading somehow will be stopped but I can`t see any possibilities to that :sweat_smile:<\/p>\n\n\n\n<p><em>Q6 from Telegram user @delta7N312A<\/em><\/p>\n\n\n\n<p><strong>How\nwill you attract crypto users to partake in NUX project ?<br>\nMany\nprojects rug pulled and exit scam recently. Why should investors\ntrust your project not to do the same?<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Well, we are not anon team and we have long history in crypto. With Remme we raised $20m in 2017-18 and made 4 products instead of 1, passed through crypto winter despite significant troubles and still here and delivering. Another thing is that we will have protection from rug pulling for our pool on Uniswap<\/p>\n\n\n\n<p><em>Q7 from Telegram user @Skyeyes123<\/em><\/p>\n\n\n\n<p><strong>What\nis Peanut\u2019s role and position among the existing AMM\u2019s? Are the\nPeanut protocols collaborated with existing AMM\u2019s or built to\nreplace it?<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot:<\/strong> There is no need in creating one more &#8220;Uniswap killer&#8221; and try to attract LPs. That\u2019s not our way. Bancor, Mooniswap, Dodo trying to solve this problem and attract liquidity but Uniswap, Curve, Sushiswap and Balancer have x50 total value locked. Peanut is like an additional pool for Uniswap and others. We\u2019re not going to compete with Curve, Uniswap etc our main goal is to reduce slippage on any DEX platform. We will support Uniswap, Curve and a few other AMMs at the start. Uniswap is done already. You will have two options &#8211; create a new pool on Uniswap through our solution. In that case 90% of liquidity goes to Uniswap and 10% go to Peanut as an additional balancing pool. Or you can create a balancing pool for existing Uniswap pools.<\/p>\n\n\n\n<p><em>Q8 from Telegram user @Xusuo<\/em><\/p>\n\n\n\n<p><strong>After\nI purchase NUX token from presale, they will be locked directly for\n25 month? And every month the token will open 4%? Why did you use\nthis method? Because not all investor can patient and wait for 25\nmonth to get NUX Token<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot:<\/strong> There will be 0 tokens in circulation on day 1, 1.6% on day 30. Airdrop 15%+25% for sale = 40%. 4% unlock per month from that amount means 1.6% from total circ. It&#8217;s very good figure that will help avoid dump on the start and should help a lot with token performance once algorithms will start buybacks<\/p>\n\n\n\n<p><em>Q9 from Telegram user @Garrinepotter<\/em><\/p>\n\n\n\n<p><strong>One\nday left before the start of the pre-sale. What moods prevail in\nsociety? Are you sure everything will be gone in a matter of minutes,\nor are there any little things? Will the collected million dollars be\nenough for the further development of the project? You promise to add\n20% to the exchanges to provide liquidity, but is that enough to\nprovide liquidity?<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot: <\/strong>Mostly bullish :joy::joy: Interest is very high so it looks like users faced with problem of IL and high slippage and we are waiting for successful pre sale. In few weeks after pre sale we will have public sale so overall capital will be enough for finishing development and improving overall efficiency. As for the pool size I believe for 80% of trades slippage will be minimal with such a size<\/p>\n\n\n\n<p><em>Q10 from Telegram user @GoldRocket27<\/em><\/p>\n\n\n\n<p><strong>\u041en\nDecember 22, 2020 you are planning to start the NUX pre-sale.\nCongratulations! This is a great event! .&#x1f1fa;&#x1f1e6;:heart::rocket: Tell\nus how you see Ukraine&#8217;s development paths in crypto<\/strong><\/p>\n\n\n\n<p><strong>Alex Momot:<\/strong> Thank you! I believe Ukraine will be one of the top places for blockchain projects to be based in. Cause here are top developers, beautiful cities, low prices and country is moving in right direction \ud83d\ude42<\/p>\n\n\n\n<h2><strong>Part\n<\/strong><strong>3<\/strong><strong>\n\u2013 Q<\/strong><strong>uiz\nResults<\/strong><\/h2>\n\n\n\n<p>In the final part we tested your knowledge in terms of Peanut Project. They\u2019ve prepared 4 questions for this part. The total reward pool for quiz was 700$.<\/p>\n\n\n\n<p><strong>For more information and future AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n<p>English Telegram group: <a rel=\"noreferrer noopener\" href=\"https:\/\/t.me\/Satoshi_club\" target=\"_blank\">https:\/\/t.me\/Satoshi_club<\/a><br>Russian Telegram group: <a rel=\"noreferrer noopener\" href=\"https:\/\/t.me\/satoshi_club_ru\" target=\"_blank\">https:\/\/t.me\/satoshi_club_ru<\/a><\/p>\n\n\n\n<p>Spanish Telegram group: <a rel=\"noreferrer noopener\" href=\"https:\/\/t.me\/satoshi_club_spanish\" target=\"_blank\">https:\/\/t.me\/satoshi_club_spanish<\/a><br>Telegram Channel: <a rel=\"noreferrer noopener\" href=\"https:\/\/t.me\/satoshi_club_channel\" target=\"_blank\">https:\/\/t.me\/satoshi_club_channel<\/a><br>Twitter: <a rel=\"noreferrer noopener\" href=\"https:\/\/twitter.com\/realsatoshiclub\" target=\"_blank\">https:\/\/twitter.com\/realsatoshiclub<\/a><br>Website: <a rel=\"noreferrer noopener\" href=\"https:\/\/esatoshi.club\/\" target=\"_blank\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p><strong>Our\npartners:<\/strong><\/p>\n\n\n\n<p>Peanut Project Community: https:\/\/t.me\/peanuttrade<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New Year&#8217;s amarathon continues and Satoshi Club is visited by incredibly interesting projects. Today we would like to tell you about the AMA session with our friends from Peanut Project. The AMA took place on December 21 and our guests were Alex Momot, Founder&amp;CEO at REMME, Board Member of the Bitcoin Foundation of Ukraine [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":4339,"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\/4338"}],"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=4338"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/4338\/revisions"}],"predecessor-version":[{"id":4341,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/4338\/revisions\/4341"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/4339"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=4338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=4338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=4338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}