{"id":4504,"date":"2020-12-28T11:21:57","date_gmt":"2020-12-28T09:21:57","guid":{"rendered":"https:\/\/esatoshi.club\/?p=4504"},"modified":"2020-12-28T11:21:59","modified_gmt":"2020-12-28T09:21:59","slug":"finance-vote-x-satoshi-club-ama-recap-from-23th-of-december","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/12\/28\/finance-vote-x-satoshi-club-ama-recap-from-23th-of-december\/","title":{"rendered":"Finance.vote x Satoshi Club AMA Recap from 23th of December"},"content":{"rendered":"\n<p>Welcome to another episode of our AMA\nseries, the end of the year is coming and we continue introducing you\ninteresting investment projects. Today we are glad to tell you about the AMA\nsession with our friends from <a href=\"https:\/\/t.me\/financedotvote\">finance.vote<\/a>.\nThe AMA took place on December 23 and our\nhonorable guest was the founder of the project, <a href=\"https:\/\/t.me\/DrNickA\">@DrNickA<\/a>.<\/p>\n\n\n\n<p>The total reward pool was 1000$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 1, INTRODUCTION AND COMMUNITY QUESTIONS<\/strong><\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Hello, Satoshi Club! We are happy to announce\nour AMA session with finance.vote! welcome to Satoshi Club. &#x1f600;<\/p>\n\n\n\n<p><a href=\"https:\/\/t.me\/DrNickA\">@DrNickA<\/a> welcome to\nSatoshi Club.<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Hey\neveryone.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi\nClub:<\/strong> To be begin with, please tell us a few words about yourselves and how\ndid you get to be involved in finance.vote<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Hey all,\nactually our second time here, thought we\u2019d check in with your community and\nfill you in on what\u2019s happening on the network. I\u2019ve been an academic for all\nmy professional career so I came into this from an academic point of view as a\nresearcher. Now I\u2019m putting it into practice with the finance.vote network.<\/p>\n\n\n\n<p>I\u2019m obsessed with token economics and social consensus and how\nthat can change the world for the better.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi\nClub:<\/strong>\nThanks for joining! so what interesting happened to you since our last meeting\nin Satoshi Club. &#x1f609;<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Pleasure\nto be here, hope everyone is well! It\u2019s been probably the most intense few\nmonths of my life, but pretty amazing. We launched our vote markets which you\ncan check out here: <a href=\"https:\/\/financedotvote.eth.link\">https:\/\/financedotvote.eth.link<\/a><\/p>\n\n\n\n<p>We auctioned our $FVT token in a new token economics event we\ncalled a liquidity bootstrapping event. We did this on our decentralized\nauction application <a href=\"https:\/\/auctiondotvote.eth.link\">https:\/\/auctiondotvote.eth.link<\/a>.\nWe\u2019re just gearing up for our next big product launch, which will be a\nconsensus app called yield.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>We\ncan vote for 5 projects currently, right? &#x1f600;<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>10 in\nthe list at the moment, but we\u2019re going to be adding more.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi\nClub: <\/strong>What is it and what else is in the plans?<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>We\u2019re\ngoing to releasing a snapshot voting tool called \u201cInfluence\u201d in the new year,\nwhich will be token weighted voting that uses our consensus mechanism to break\nplutocracy. People will use that to see what new feeds are added to our vote\nmarkets. When they\u2019re added people can vote on their performance and earn money\nfor being correct.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>How\nmany users did you get recently? Any statistics? How much rewards were payed?<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>We\u2019re\nbuilding a dashboard for all this soon, it requires some on-chain analytics.\nBut you can see we\u2019re getting upwards of 100 votes on some tokens.<\/p>\n\n\n\n<p>Our users share a 100k $FVT reward pool. We had one user\nclaim over $300 in $FVT this week.<\/p>\n\n\n\n<p><strong>Q1 from Telegram user\n@maxzerone<\/strong><\/p>\n\n\n\n<p><em>finance.vote provides\nmarket alpha, project validation tools and influence formation for any project\nin crypto. How do you make the project validation and influence formation?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Ah nice\nquestion. So market alpha is any advantage you get from just holding the asset.\nSo, information that gives you a market advantage. We think we have a tool that\naggregates everyone\u2019s perception on the market order and that data can be used\nas a sentiment tool for trading.<\/p>\n\n\n\n<p>Projects are validated by user votes, so people say this\nproject is good and the more people that do, the more that project floats to\nthe top of our token lists and enters our markets. Influence is formed by\nearning or buying $FVT. The more you have the more voting power you get in our\ngovernance tools.<\/p>\n\n\n\n<p>I think people will learn about how all that works by\nvoting, we\u2019ve built a system that incentives participation with voting power.<\/p>\n\n\n\n<p><strong>Q2 from Telegram user\n@nagy_szabo <\/strong><\/p>\n\n\n\n<p><em>I see the term market\nalpha on a lot of your documents and articles. What do you mean by that? Is it\nsomething related to the male alpha? like the best market, the leading market.<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Haha\nlike alpha male? No, although I think the bankers that came up with the term\nsee it as that.<\/p>\n\n\n\n<p>If you\u2019re not a good trader you should basically not bother\ntrying to trade, because the people with alpha will take money from you, especially\nin new tokens people with lots of capital have more alpha that you, basically\nmarket knowledge.<\/p>\n\n\n\n<p>If you have alpha you have some insight into the future, or\nat least you have an idea that there is a higher probability chance that\nsomething will happen. Our vote markets pay people for giving that information\nto us. We compile it all together into a preference list and those that have\nthe most alpha win the most over time.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>With\nnew tokens doesn&#8217;t work even for good traders.<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Yeah\ntotally, our New Tokens market will go right down to the source. People who are\ngood at spotting scams could earn a lot of money from it.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Don&#8217;t\nyou think that these predictions sometimes just expectations? Not based on\nknowledge?<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>They\nalso get more voting power.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi\nClub: <\/strong>I have a stupid question &#x1f601; Girls can be crypto\nalpha according to your theory?<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>I\u2019d bet\nthat girls are better at finding alpha than boys. We need more girls\ninteresting in crypto and markets!<\/p>\n\n\n\n<p>You can think about every voting as having their own\nstrategy, the ones with the best will have the most voting power over time, crowds\ngenerally aren\u2019t wise, you need reputation systems to pick them out.<\/p>\n\n\n\n<p>Potentially, there\u2019s some people who will earn power from being\ncontrarian and correct and some that earn from just following the crowd. Whichever\nhas the most impact on the market are the ones that rise to the top.<\/p>\n\n\n\n<p><strong>Q3 from\nTelegram user @arlarson <\/strong><\/p>\n\n\n\n<p><em>You aim to\ngive the power to the minority token holders by creating token specific\nminiDAOs. How will you do that? Will you exclude the major holders from this\ndecision making? Because even if the DAO are mini, the big players can still\nparticipate.<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Yeah\nthis is a great question, so in reality most blockchain governance systems are\nrun by a hand full of people because they hold all the tokens. 1 coin 1 vote\nleads to plutocracy, or the rich run everything.<\/p>\n\n\n\n<p>In our system we have a vote power $V, which determines how\nmuch influence you have it can be earned via participation and via buying the\ntokens. I\u2019m going to get you a screenshot of our consensus mechanism to explain\nit.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"556\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/FV2-1024x556.jpg\" alt=\"\" class=\"wp-image-4508\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/FV2-1024x556.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/FV2-300x163.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/FV2-768x417.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/FV2.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Everyone takes a voting slot. How much power you have is\ndetermine by the amount of tokens, but not 1 coin 1 vote, it\u2019s which slot\nyou\u2019re in. The top token holder has the most power, by only as much as the next\n2 people, and the next 3 people, 5 people and so on. There\u2019s a top dog, but\nthey don\u2019t have power that proportional to the size of their capital, in some\ncases someone could have millions times more voting power that other people.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>So,\nthe better predictions you made the more powerful is your vote.<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Yeah,\nbut also how much $FVT you hold. We want there to be two routes to power.<\/p>\n\n\n\n<p><strong>Q4 from Telegram user\n@anditgoestome<\/strong><\/p>\n\n\n\n<p><em>Please explain to us\nwhat are the advantages of quadratic voting in your project? Why do people have\nto buy votes and what is the max. number of votes that someone can buy?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Well,\nthis topic of quadratic voting is huge. I could talk about it for hours haha. <\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Can\nyou explain it to us like for non-math persons? &#x1f602;<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Sure,\nit\u2019s pretty straightforward but is a very powerful idea. Typically in a\ndemocratic setting you can only vote once, pick one of two or three etc. In\nquadratic voting systems you can vote more than once if you pay, but it costs\nthe square of your votes.<\/p>\n\n\n\n<div class=\"wp-block-file\"><a href=\"https:\/\/esatoshi.club\/wp-content\/uploads\/Voting-Squared_-Quadratic-Voting-in-Democratic-Politics.pdf\">Voting-Squared_-Quadratic-Voting-in-Democratic-Politics<\/a><a href=\"https:\/\/esatoshi.club\/wp-content\/uploads\/Voting-Squared_-Quadratic-Voting-in-Democratic-Politics.pdf\" class=\"wp-block-file__button\" download>Download<\/a><\/div>\n\n\n\n<p>Just in case anyone wants to go down the rapid hole on it, in our\nsystem we give people a budget of voting power to spend and it costs them more\nto vote on a single item. It encourages people to vote on preference. We\u2019re\nusing a special case of it, which asks people to sort lists by preference. We call\nit semantic ballot voting. If one of the tokens you picked ends up being the\ntop gaining token you win some money back.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Btw,\nwere there any attempts to deceive the system?<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>We\u2019ve\nplanned on it, if it\u2019s free to vote then you get spammed or you have lots of\npeople setting up lots of accounts, this is called a Sybil attack. To mitigate\nthis we\u2019ve added an ID system, where you can set up multiple accounts but it\ncosts you money to do so. If you want to do it a lot though the price of\nidentities gets very expensive.<\/p>\n\n\n\n<p>Anyone with an identity becomes a finance.vote Citizen and\nis welcome into our token gated community. The identities are NFTs, which carry\naround your reputation.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Which\npreferences he will get after this?<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>You get\nvoting rights in all of our governance system and you get paid for voting. We\u2019re\ngiving $250 away to voters in a meme competition this week in the Citizens\nchamber.<\/p>\n\n\n\n<p><strong>Q5 from Telegram user\n@peachespecos<\/strong><\/p>\n\n\n\n<p><em>How exactly will the\nsecond layer governance system improve the collective intelligence of the\nnetwork? Can you give us some examples?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Deep\nquestion this one. I could probably build a Masters course out of the answer.\nI\u2019ll try and break it down a bit. Collective intelligence is the sum total of\neveryone\u2019s brains engaged in an organization, it\u2019s a powerful thing, get enough\nminds together and you can solve pretty much everything.<\/p>\n\n\n\n<p>What we\u2019re missing is tools to be able to reach consensus. Throw\neveryone into a room and ask them to do something and they\u2019ll be unproductive,\ngive the voting technology and they\u2019ll reach agreement quicker and get stuff\ndone.<\/p>\n\n\n\n<p>Our second layer governance system is made up of three apps,\nInfluence, Proposal and Decision. Influence is like rough consensus, fun and\ngames voting. We\u2019ll do meme competitions and vote on what tokens are next in\nthe vote markets. Proposal is when people want to start getting serious and\npotentially bid for money. Decision is when we make a final decision on it and\nit\u2019s serious stuff, it changes the smart contracts and monetary policy. So an\nexample would be, we want to increase the reward pool to open up a new vote\nmarket, which means minting more tokens. Should we do it?<\/p>\n\n\n\n<p>We might talk about it for a while in influence, put some concrete\nsuggestions together in proposal and execute the code in the decision app. Second\nlayer governance is taking that chatty phase into different areas and providing\ngood tools for doing it better.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Are there any disadvantages to this system?<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>There\u2019s always a cost to more governance, there\u2019s a cost\nto the system for incentivizing the users to vote and there\u2019s the greater work\nrequired to keep all the cogs moving. Classic organisational theory tells you\nthat the more complex you get the more the costs of running the organisation\nare, we\u2019re building the tools to make it cost effective and trust worthy.<\/p>\n\n\n\n<p><strong>Q6\nfrom Telegram user @Bradyfreddy<\/strong><\/p>\n\n\n\n<p><em>Using the\nidentity staking, staking users will win 10% of the profits. What about the\nperson that made the prediction? What will they get?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick:<\/strong><em> <\/em>Someone\u2019s\nbeen reading our whitepaper. That makes me happy :). Let me get another pic.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"942\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/FV3-1024x942.jpg\" alt=\"\" class=\"wp-image-4507\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/FV3-1024x942.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/FV3-300x276.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/FV3-768x707.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/FV3.jpg 1264w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>This is how our staking will work.\nEveryone votes and those who had a vote on a winning token gain a share of the\nstaking pool. If you don\u2019t vote on a token then you lose your stake and the\nwinners share it. The network burns 10% of the pot.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"907\" height=\"1024\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/FV4-907x1024.jpg\" alt=\"\" class=\"wp-image-4506\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/FV4-907x1024.jpg 907w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/FV4-266x300.jpg 266w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/FV4-768x867.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/FV4.jpg 1134w\" sizes=\"(max-width: 907px) 100vw, 907px\" \/><\/figure>\n\n\n\n<p>The other aspect of the social trading\nand staking system is that communities can pool money and decide how they want\nto invest it together, so in this group for example you could pool ETH and vote\ntogether on how you want it allocated. The people in here with the best ability\nto predict the market get the most votes.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Pools will be on your platform, right?<\/p>\n\n\n\n<p><strong>Dr Nick:<\/strong> Yeah, well you can access them through our front end but\nthey would be a shared smart contract on the blockchain.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Is it safe enough? <\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>We\u2019re completely decentralized, same as providing liquidity\nto uniswap. We\u2019re setting up a security and auditing process whenever we start\npooling people\u2019s money.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Great&#x1f44f; thank you! Did you\nalready find audit firm? &#x1f604;<\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>We\u2019re working with three at the moment. We\u2019re on the hunt\nfor the best in the space. We actually want to get auditors voting on which\ncontract is most likely to get rekt in the near future.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n<p>The\nchat was open for 80 seconds; a lot of questions were posted by Satoshi Club\ncommunity. Our guest chose some of them. <\/p>\n\n\n\n<p><strong>Q1 from Telegram User @Idee01<\/strong><\/p>\n\n\n\n<p><em>You stated the team have 4 exciting\npartnerships lined up and the launch of our liquidity mining app\u201cYield\u201dat the\nend of January. Can you give us a sneak peek\/hint into these partnerships or is\nit a secret? Will there be a mobile and desktop app?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Someone\u2019s been paying attention, think I only mentioned\nthis today. I can give you some hints, we\u2019ve got a major oracle partnership\ncoming up, we\u2019re doing something big with sports and NFTs, we\u2019re partnering\nwith what I think will be the next Aragon and another project focused on\ncommunity tokens. But keep that all quiet. &#x1f92b;<strong><\/strong><\/p>\n\n\n\n<p><strong>Q2 from Telegram User @Pratze<\/strong><\/p>\n\n\n\n<p><em>I read that Finance Vote currently\nheld an event Tournament that possible to win prize 100.000 $FVT\/$650 USD every\nweek just &#8220;by voting in assets from the cryptospace&#8221;. But to voting,\nthere is a requirement for user to mint identity, can you please share how to\nmint identity? Any guide about this?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>In order to mint an NFT you need at least 100 $FVT and then\nyou got the \u201cMint an Identity\u201d button on our markets app\nhttps:\/\/financedotvote.eth.link. We send you an NFT back then you can select\nyour identity and vote. It just costs you gas.<\/p>\n\n\n\n<p><strong>Q3 from Telegram User @Maksyrn<\/strong><\/p>\n\n\n\n<p><em>Your WhitePaper has a subsection\ncalled REKT. Reading it did not understand what it was for. What does it mean\nin practice for users?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>I think all the markets can be considered practice. The\nREKT market is a prediction in which contracts may get hacked and lose funds.<\/p>\n\n\n\n<p><strong>Q4 from Telegram User @apocan99<\/strong><\/p>\n\n\n\n<p><em>What is the rule for winning in\ntournament and how is the reward distributed to winners?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>You just need to have some votes on the winning token. You\ncan actually vote on all the tokens if you want, but voting on more tokens\ncosts a bit more gas. If you have 10 of 100 votes on a token you get 10% of the\nreward pool.<\/p>\n\n\n\n<p><strong>Q5 from Telegram User @JP_Morgan_Chase<\/strong><\/p>\n\n\n\n<p><em>What is Decentralized Digital\nDemocracy? Who can become a citizen of your digital democracy and what are the\nbenefits of obtaining citizenship?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>It\u2019s where I think society will end up. We become citizens\nof digital nation states and contribute to the governance of how it\u2019s all run\nby voting and working on your own financial system. Users benefit by taking\npart in governance and getting a share of the token rewards as part of the\nemission schedule of tokens. All the tools we\u2019re building are what\u2019s needs for\norganising as humans in decentralized organisations.<\/p>\n\n\n\n<p><strong>Q6 from Telegram User @atillayeni<\/strong><\/p>\n\n\n\n<p><em>Can you make another system for\ncrypto finance projects to add their coins in your system and get some\ncriticism from there from community?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Yep! In fact the token holders will vote every week to\ndecide which tokens are worthy of being in the list. We want a consensus driven\nlist of the top tokens in crypto. What goes in will be up to the users.<\/p>\n\n\n\n<p><strong>Q7 from Telegram User @Korryl<\/strong><\/p>\n\n\n\n<p><em>We can get 1 NFT with pay 100 $FYT\nand then it\u2019s possible to make it unique by give them more detail as we like,\nis it same with avatar? I mean in social media or bigo we can edit out avatar\nand give them dress or accessories, it\u2019s like that? Do we possible to create\nmore NFT by paying more? For example, I have 500 $FYT so that mean I can have 5\nNFT?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>You\u2019re on to where the identity system is going. You\u2019ll be\nable to customize them like avatars yeah and you can spend $FVT on upgrading\nthem.<\/p>\n\n\n\n<p><strong>Q8 from Telegram User @lchongthu<\/strong><\/p>\n\n\n\n<p><em>DITs took the form of ERC721\ncompatible NFTs, which represent an identity within the system. Can DITs be\nTRADED anywhere (like NFTs) in the marketplace other than obtaining them via\n$FVT?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>They will be tradable and we\u2019ll have our own auction\nsystem and market place for doing it. Your reputation carries with the NFT, so\nhigh voting tokens will be objectively worth more.<\/p>\n\n\n\n<p><strong>Q9 from Telegram User @taemin_vj<\/strong><\/p>\n\n\n\n<p><em>About Top Gainers, how high are the\nrewards? Do you get enough participation from your community in this method?\nHow many benefits do they generate?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>We\u2019ve had users report 20-30X returns on their gas costs.\nEven with a low token price at the moment, the dollar amount returns are really\ngood.<\/p>\n\n\n\n<p><strong>Q10 from Telegram User @yzmoney<\/strong><\/p>\n\n\n\n<p><em>A lot of have happened since your\nlast AMA, you\u2019ve had your auction for your FVT tokens which ended having 850\nETH was collected and paired with 19.6m $FVT to discover a listing price of\n$0.02. How do you feel about the auction result and is the funding enough to\nkeep the platform running for 2-3 years? What could have been done better for\nthe auction?<\/em><\/p>\n\n\n\n<p><strong>Dr Nick: <\/strong>Really good question. Yeah, I\u2019m really happy with the\noutcome. We did a genuine first with that auction and I think a handful of\npeople got the potential of what we did. We discovered a price for the token at\n$0.02 over 7-8 hours of auctioning. Anything under that and I feel we\u2019re undervalued.\nImportantly, we didn\u2019t keep any of the money from the public auction. It\u2019s all\nlocked as liquidity in our uniswap.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n<p>As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about Finance.vote. A\nlink to a Quiz form was sent into the chat. Participants had 10 minutes to\nanswer. 700$ were distributed between the winners. <\/p>\n\n\n\n<p><strong>For more information and future AMAs, join our Social Media\nchannels: <\/strong><\/p>\n\n\n\n<p>English Telegram\ngroup: <a href=\"https:\/\/t.me\/Satoshi_club\">https:\/\/t.me\/Satoshi_club<\/a>\n<\/p>\n\n\n\n<p>Russian Telegram\ngroup: <a href=\"https:\/\/t.me\/satoshi_club_ru\">https:\/\/t.me\/satoshi_club_ru<\/a>\n<\/p>\n\n\n\n<p>Spanish Telegram\ngroup: <a href=\"https:\/\/t.me\/satoshi_club_spanish\">https:\/\/t.me\/satoshi_club_spanish<\/a>\n<\/p>\n\n\n\n<p>Telegram Channel:\n<a href=\"https:\/\/t.me\/satoshi_club_channel\">https:\/\/t.me\/satoshi_club_channel<\/a>\n<\/p>\n\n\n\n<p>Website: <a href=\"https:\/\/esatoshi.club\/\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p>Twitter:\n<a href=\"https:\/\/twitter.com\/esatoshiclub\">https:\/\/twitter.com\/esatoshiclub<\/a>&nbsp; <\/p>\n\n\n\n<p><strong>Our Partners: <\/strong><\/p>\n\n\n\n<p>finance.vote\n(Discussion): <a href=\"https:\/\/t.me\/financedotvote\">https:\/\/t.me\/financedotvote<\/a>\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to another episode of our AMA series, the end of the year is coming and we continue introducing you interesting investment projects. Today we are glad to tell you about the AMA session with our friends from finance.vote. The AMA took place on December 23 and our honorable guest was the founder of the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4505,"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\/4504"}],"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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=4504"}],"version-history":[{"count":1,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/4504\/revisions"}],"predecessor-version":[{"id":4510,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/4504\/revisions\/4510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/4505"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=4504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=4504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=4504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}