{"id":505,"date":"2020-05-18T14:43:31","date_gmt":"2020-05-18T11:43:31","guid":{"rendered":"https:\/\/esatoshi.club\/?p=505"},"modified":"2020-05-18T14:45:03","modified_gmt":"2020-05-18T11:45:03","slug":"trias-x-satoshiclub-ama-from-may-15","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/05\/18\/trias-x-satoshiclub-ama-from-may-15\/","title":{"rendered":"Trias x SatoshiClub AMA from May 15"},"content":{"rendered":"\n

On May 15th<\/sup> our friends from\nFinNexus team were invited to conduct AMA session with SatoshiClub Community.\nOur guest was Kailing Bian (CSO of Trias).<\/p>\n\n\n\n

The total reward\npool was 200 USD and was split in 3 parts.<\/p>\n\n\n\n

There was a second Trias x Satoshi AMA\nsession, , no less or more interesting or dynamic. As always, there was a lot\nof food for thoughts in this session, so we are trying to summarise some of the\nmost interesting points for you.<\/p>\n\n\n\n

Part 1<\/strong> – introduction and questions from Twitter<\/p>\n\n\n\n

Serg: <\/strong>Hello,\ndear friends! Today we will have another episode from our AMA series in Satoshi\nClub. Today we present to you Trias! Our guest is @KailingBian<\/a> – CSO of\nTrias
\nWelcome to Satoshi Club! Before we start, please tell us a little bit about\nyourself<\/p>\n\n\n\n

Kailing Bian: <\/strong>Sure. My name is Kailing Bian. I graduated from LSE with Master of\nscience degree in management and strategy. My bachelor degress is in economics.\nI worked for Accenture, a top IT and management consulting company and after my\nconsulting experience, I worked in the venture capital industry. I have helped\nmore than 200 startups in their stealth business model and financing process. I\njoined Huobi Labs for investment and incubation. I also invested in crypto with\nmy own fund before I cofounded Trias.<\/p>\n\n\n\n

Irina Kravchuk: <\/strong>Nice. For how long were you in the venture capital industry?<\/p>\n\n\n\n

I assume it helped a lot at the beginning of\nthe project.<\/p>\n\n\n\n

Kailing Bian: <\/strong>yes, for about 6 years<\/p>\n\n\n\n

Serg:<\/strong>we had\nan AMA with Trias some time ago. What developments you had lately?<\/p>\n\n\n\n

Kailing Bian: <\/strong>Since our last AMA, Trias has made remarkable progress. In general,\nthere are several more significant events, including our release of the\neconomic white paper, the launch of the hybrid staking system mentioned in the\neconomic white paper, and our recent plan to list on BINANCE DEX.<\/p>\n\n\n\n

In addition, we have also signed many\ninternational partners, including powerful companies from China and South\nKorea. These are reported in our news.<\/p>\n\n\n\n

Irina Kravchuk: <\/strong>Can you name a few partners?<\/p>\n\n\n\n

Kailing Bian: <\/strong>SURE, as you already knows that Trias delivers enterprise products\nand solutions to solve the trust and security issues for different customers in\nmany industries. Here I list some use cases and partners
\nFinance: Soochow Securities
\nTrias implements blockchain-based DevOps systems, targeting at insuring the\nstability of its stock trading system and preventing insider threats brought by\ncontractors.
\nSmart City: Chongren County Substation Industry Park
\nTrias provides blockchain-based trustworthy ERP\/MES DSaaS for more than 100\ncompanies in the substation industry with a total product value at $0.3billion\nin supply-chain finance.
\nCommodity: China Asean Marine Product Exchange
\nTrias provides blockchain-based exchange clearance and cross-border settlement\nsystems for the largest marine product exchange in Asia.<\/p>\n\n\n\n

Upon this progress, many third parties from\nall over the world have joined Trias Alliance, such as software developers(Octa\nInnovations in China), data engine (Ptmind in Japan), open-source communities\n(Odoo), security providers (CertiK in the US), and crypto projects.<\/p>\n\n\n\n

Serg: <\/strong>Your\npartners are from many countries. You have a good expansion and business\ndevelopment team. Would you like to add smth before starting with the first\nquestion?<\/p>\n\n\n\n

Kailing Bian: Generally speaking, Trias is a\nlink between the real enterprise and the cryptoworld, providing a bridge, and\ngiving back to our community and token holders by serving more real business.<\/strong><\/p>\n\n\n\n

Q1 from\nMerinoBeltran<\/strong><\/p>\n\n\n\n

Do you plan to\nlist in any other big exchanges to keep increasing the volume and the price?\nSuch as Binance, Crex24… And, how did you list on KuCoin?<\/strong><\/p>\n\n\n\n

Kailing Bian: <\/strong>yes, for now we are applying to list on Binance Dex<\/strong><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/triaslab\/status\/1261159936517566466?s=20\n<\/div><\/figure>\n\n\n\n

as this twitter shows, we just started.<\/p>\n\n\n\n

Serg: <\/strong>Maybe\nyou can tell briefly what can we do to help you list?<\/p>\n\n\n\n

Kailing Bian: <\/strong>Thank you, sure , I hope community members can help to support us by\nposting below our listing proposal, and vote for us<\/p>\n\n\n\n

Of course ,we shall have a series abundant\nbounty campaign to thanks the support from community:grin:<\/p>\n\n\n\n

Back to the first question, we got free\nlisting on Kucoin<\/p>\n\n\n\n

The second IEO of spotlight coz they find\nTrias are very solid and technically innovative. We have a strong and long term\ncooperation with Kucoin and currently we are among the top volume stars of\nKucoin<\/p>\n\n\n\n


\nIrina Kravchuk: <\/strong>Binance DEX is the next milestone and it’s a great one.\nWhat about other exchanges? Are there any other exchanges on the roadmap?<\/p>\n\n\n\n

Kailing Bian: <\/strong>Yes, besides Binance dex , we are applying to list on Upbit, and\nother exchanges recently, which will be release soon.<\/p>\n\n\n\n

Q2 from ketuart02<\/p>\n\n\n\n

Trias start\ntheir first staking reward from 10th May. I’m very curious about Trias staking\nrewards in the range of 120%-1200% APR. What is the basis of calculation,\nYearly, Quarterly or Monthly? How is the reward calculated?<\/strong><\/p>\n\n\n\n

Kailing Bian: <\/strong>As We mentioned above, our staking rewards come from the buy back\nfrom secondary market, that’s why our staking is deflation.<\/p>\n\n\n\n

Trias has repurchased 96,472,628 TRY from\nits 2019 revenue and will contribute to Trias community through burning and\nstaking.<\/p>\n\n\n\n

As you may know, we have just launched the\nfirst staking program in 2020 on May 10th. But it has been filled up in only\nwithin 3 hours.<\/p>\n\n\n\n

This is the first Staking this year, and the\nrewarding pool is 1,000,000 TRY<\/p>\n\n\n\n

Total Staking Pool is: 1,000,000 TRY soft\ncap and 10,000,000 TRY hard cap.and we do not have cap for person staking<\/p>\n\n\n\n

In the case where a total of 1,000,000 TRY\nare staked a rewards equivalent of 1,000,000 TRY will be distributed to the\nparticipants. It gives the participants a return equivalent of 100% per month\nand 1200 % annually.<\/p>\n\n\n\n

In the case where a total of 10,000,000 TRY\nare staked a rewards equivalent of 1,000,000 TRY will be distributed to the\nparticipants. It gives the participants a return equivalent of 10% per month\nand 120% annually.<\/p>\n\n\n\n

Irina Kravchuk: <\/strong>Wow. That’s fast. When is the next staking program?<\/p>\n\n\n\n

Kailing Bian: <\/strong>The next staking program will launch by the end of this month, which\nwill be more attractive, so if you wanna join, pls stay tunned.<\/p>\n\n\n\n

Irina Kravchuk: <\/strong>The percentages are impressive for sure.<\/p>\n\n\n\n

Kailing Bian: <\/strong>yes, the point is these rewarding are not minted.<\/p>\n\n\n\n

Q3 from\nRockycrypto80<\/p>\n\n\n\n

To Run a project smoothly, Funding is very\nimportant, From where does the Funding\/revenue come from ?<\/p>\n\n\n\n

Kailing Bian: Currently we have developed a\nmature business model in our own DApp (TriasForce) and we also have design\nmechanism for others to do the same because we provide:
\n1) infrastructure and toolkits for developers;
\n2)blockchain software for distributors to sell;
\n3) a business network for service providers(who can modify the blockchain\nproducts to fit the demands of end users).<\/p>\n\n\n\n

As for Trias Force, I ‘d like to introduce a\nbit.<\/p>\n\n\n\n

Some of you might know it from last AMA.<\/p>\n\n\n\n

But I d like to introduce a bit cuz it is\nimportant for this economic model
\nTriasForce is a Decentralized-SaaS for enterprises built upon Trias MagCarta\nLayer,
\nIt has already deployed on many industrial clients, such as top financial\ninstitutions and power industries as I present at the beginning<\/p>\n\n\n\n

Essentially, it is a DSaaS solution, combing\nthe technology of AI, blockchain and security, solves the \u2018centralized issue\u2019\nfaced by the current clouding computing infrastructure and industry, by\nensuring of data ownership and preventing the tampering of data leakage and\nindividual privacy.<\/p>\n\n\n\n

Trias Force now has 3 products, TriasForce\nAuditing, TriasForce Security, and TriasForce ERP, providing blockchain-based\nservices to clients over different industries.<\/p>\n\n\n\n

By providing these products and services,\nTrias Alliance have pretty good revenue<\/p>\n\n\n\n

Hope this explains how we funding and why we\nhave enough capital to benefit our community , more details can refer to our\necon onepager https:\/\/www.trias.one\/onepager<\/a>\n, https:\/\/www.trias.one\/article\/379\/en<\/a>\n.<\/p>\n\n\n\n

Q4 from nandhase<\/p>\n\n\n\n

According to the MagCarta economic model of Trias,\nthe benefits for the community and token holders come from the successful\ndeployment of business clients. Could you explain more about this mechanism?<\/p>\n\n\n\n

Irina Kravchuk: <\/strong>Q4 is somehow related to the clarifications that you gave for the\n3rd question.<\/strong><\/p>\n\n\n\n

Kailing Bian: Sure, basically,these questions\nanswer are pretty similar, but I d like to give you a bigger picture.<\/p>\n\n\n\n

First is about\nMagCata, you need to know that Trias is composed of three layers: Leviatom,\nPrometh and MagCarta.<\/p>\n\n\n\n

Leviatom is an integration of Trusted\nExecution Environments (TEEs) and Heterogeneous Consensus Graph, a graph\ncomputing algorithm similar to Hashgraph or DAGs.
\nPrometh is a combination of formal verification and DevSecOps methodologies to\nachieve traceable and verifiable general-purpose software development.
\nMagCarta is a consensus-oriented programming paradigm to achieve embed and\nself-defined consensus strategy for high-order enterprise DApps.<\/p>\n\n\n\n

Each layer has its unique economic model and\noperation manner<\/p>\n\n\n\n

The hybird staking system and the rewarding\ncome from the up layer MagCata, we also have the other two layers which will\nalso have its own economic model<\/p>\n\n\n\n

All three layers, Leviatom, Prometh and MagCarta,\nhave token economics.
\nEconomics of Leviatom encourages the participation of computing devices, the\noperators of whom can gain rewards by acting as Executor, Monitor or\nDisseminator.
\nEconomics of Prometh helps to identify possible malicious behavior implemented\nby a certain application as Developer, Builder and Security Checker can be\nrewarded.
\nEconomics of MagCarta is the most dynamic one, with Trias Alliance (a\nproduction house for onchain development of DSaaS), Enterprises (who deploy the\nDSaaS), and Distributors (who stake to join as franchisees).<\/p>\n\n\n\n

Q5 from YeterAkp1<\/p>\n\n\n\n

The project tells us that the acquisition and sale\nof data between participants is protected by code of conduct and how safe is\ndeployed on the blockchain, but how do you handle regulations while operating\non a global scale?<\/p>\n\n\n\n

Kailing Bian: Trias has a solid team background\nin cyber security and data protection and thus we provide decentralized cloud\ncomputing infrastructure to provide trustworthy solutions to enterprises, who\nare afraid of data privacy and leakage. Our solutions now have been applied by\nour clients globally, including large financial institutions and manufacturing\nindustries in China, open source community and open source solution providers\nin China and Korea.<\/p>\n\n\n\n

Irina Kravchuk: What about the regulation part?\nDo you have a global legal team?<\/p>\n\n\n\n

Kailing Bian: Yes, We have legal consultants\nglobally<\/p>\n\n\n\n

The core members of the team graduated from\nOxford, London School of Economics, Peking University, Tsinghua University and\nother top universities; served in China Aerospace, Intel, Oracle, Alibaba with\nstrong technical strength and rich working experience.<\/p>\n\n\n\n

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

Because we are\ndealing with different partners around the world, we have experience with\nsecurity compliance and data regulatory and have our legal consultants to\nfacilitate us in regulations<\/p>\n\n\n\n

Thanks<\/p>\n\n\n\n

Part 2 – live questions from the Telegram community<\/p>\n\n\n\n

Q1 from Ruben L.<\/p>\n\n\n\n

Can you further explain what\u2019s Trust Alliance\nand which requirements do projects\/companies<\/strong><\/em>\nneed to set up a partnership with Trias within it?
\nWhat benefits do they and you have by\njoining it other than a mere association, since there are many programs like\nthis where they even help in financial terms<\/strong><\/em>,\nhow does Trust Alliance differentiate and compete with others?<\/p>\n\n\n\n

Kailing Bian: As I mentioned before,Until now,\nmany third parties from all over the world have joined Trias Alliance, such as\nsoftware developers(Octa Innovations in China), data engine (Ptmind in Japan),\nopen-source communities (Odoo), open-source compliance (Eyes protocol in\nKorea), security providers (CertiK in the US), some crypto projects and some\ntraditional enterprises. In the future, there will more and more enterprises\njoin in Trias Alliance to build DApps, grow Trias ecosystem, provid development\ntools and protocols, and also rich TRY utility.<\/p>\n\n\n\n

As for Trias\ncooperation with Eyes, it happens on Trias Prometh Layer, which is a\ncombination of formal verification and DevSecOps methodologies to achieve\ntraceable and verifiable general-purpose software development.Trias implements\na trusted software building process to achieve traceable software supply chain\nmanagement and security auditing.
\nThe ambitious goal of this partnership is to build an ecosystem that\nstrengthens security capabilities, ensures continuous development, and ensures\nsafety and reliability in the blockchain ecosystem.<\/p>\n\n\n\n

Q2 from Astle<\/p>\n\n\n\n

As Trias Force has 3 products, #TriasForce Auditing,\n#TriasForce Security, #TriasForce  ERP, can\nyou tell me what services these products provide to services to clients?<\/p>\n\n\n\n

Kailing Bian: Empowered by the Trias blockchain\ntechnology, TriasForce aims to provide enterprise level DSaaS. It ensures\nenterprises’ core data and critical services are secure and reliable. Leviatom\nensures the datacenter’s infrastructure integrity (TF-Security); the Leviatom-supported\nledgers provides capabilities for storing arbitrary non-structural data with a\nhigh throughput (TF-Security and TF-Auditing); Prometh facilitates trustworthy\nand traceable software composing and building (TF-Security); and Prometh services\nsupports higher-level application needs such the ERP systems (TF-ERP).<\/p>\n\n\n\n

Q3 from Luis\nMerino :es: | Satoshi Club<\/p>\n\n\n\n

Q1. What reasons can you give me to hold $TRY in a\nlong term period? What are it’s benefits that make it better than other\nprojects?
\nQ2. How much did you have to pay to join the voting for listings on Binance\nDEX?
\nQ3. Why do you offer that huge APR for staking $TRY? (120-1200% APR). Is it\njust to increase TRY token holders and keep the project organic growth?
\nQ4. How is $TRY conected to real live payments and economy? Can we see $TRY as\na payment method on real life within the two next years?
\nQ5. Don’t you think that listing on Binance before finishing all the project\nand ideas will increase $TRY volatility and a huge decrease in the token value?
\nThanks for this great AMA!<\/p>\n\n\n\n

Kailing Bian: This one is also a good ONE.
\nOur token economics model combines traditional business model and innovative\ntoken model, with the aim of deploying blockchain technologies to traditional\nbusinesses and pumping values into the ecosystem. We believe the times of hype\nhas passed and industries need real applications of the blockchain tech.<\/p>\n\n\n\n

By bringing franchisees and franchisors,\nmost of whom are from traditional businesses, and integrating the staking and back-back\nmodel designed intrinsically by Trias, more businesses can enjoy the new\ntechnology and economy of the blockchain, while Trias can benefit from a\nvalue-supported mechanism to grow its ecosystem<\/p>\n\n\n\n

That’s the answer of your first question and\nforth question
\nFor the second and fifth, of course we will follow Binance DEX requirements to\ndeposit BNB and we will reward our community’s support and votes, we think\nlisting on Binance will facilitate the development of Trias community and token\nvalues<\/p>\n\n\n\n

As for your third question, I think I\nexplained above quite clearly, that the staking auction and burning is real\nrewarding mechanism to our community, which ensures participants will get\nbenefits no less than the average APR in the market now, so pls follow our next\nStaking Auction, which will be launched soon!<\/p>\n\n\n\n

Irina Kravchuk: Great, thank you @KailingBian.\nI think since you answered more questions from Luis Merino, we’ll take one more\nquestion and call it a night, what do you say?<\/p>\n\n\n\n

Q4 from\nThiyagarajan<\/p>\n\n\n\n

Trias has parallel staking systems\n*Franchise-franchisee Model : How did you attract them to stake Trias?<\/p>\n\n\n\n

Kailing Bian: First of all , you need to know\nthat our Franchisors are Organizational and individual developers can utilize\nTrias infrastructure of chains and smart contracts to develop chains and DApps.\nthey can be a public blockchain, a protocol\/toolkit affiliated to Trias\necosystem or an enterprise blockchain product\/solution.
\nLocal franchisees have special terms with franchisors on the right to sell products\nand services to enterprise clients in a region. A typical franchisee can be a\ndistributor of software products with established channel and client resources.
\nA franchisee can benefit from the sale of the products and gains of the token\nappreciation during the staking period. In addition to staking, franchisees are\nrequired to share a percentage of revenue with franchisor.
\nThe franchisor can receive the income (as in the case of individual developers)\nor reward to its community based on its token economics (as in the case of\npublic chains).<\/p>\n\n\n\n

Irina Kravchuk: Thank you for your time and\neffort. It’s been quite intense<\/p>\n\n\n\n

Kailing Bian: Great team and great community! Happy to be with you guys tonight! Thank you all!<\/p>\n\n\n\n

Part 3<\/strong><\/p>\n\n\n\n

In the final\nthird part we would like you to check your knowledge in terms of Trias. They’ve\nprepared tricky questions for this part, so everyone could be a part and\nanswer. . All the correct answers you will find at the bottom of this Recap.\nEnjoy!<\/strong><\/p>\n\n\n\n

Q 1<\/strong><\/p>\n\n\n\n

Which of the following is the features of Trias\nstaking?<\/strong><\/p>\n\n\n\n

A. no new tokens\nare minted to be staking rewards<\/p>\n\n\n\n


\nB. non-inflationary<\/p>\n\n\n\n

C. 2 parallel\nstaking systems<\/p>\n\n\n\n

D. A, B, C<\/p>\n\n\n\n


\nE. B and C<\/p>\n\n\n\n

Q 2<\/p>\n\n\n\n

Which statement is incorrect?
\n
\n<\/p>\n\n\n\n

A. Trias is a\nFull-stack decentralized trusted cloud infrastructure and ecosystem for\nall-scale, general-purpose, and enterprise-ready applications.<\/p>\n\n\n\n


\nB. TriasForce, a software complex developed by Trias team, is a\nDecentralized-SaaS(DSaaS) that ensures the trustworthiness of the underlying\nsoftware.<\/p>\n\n\n\n

C. Trias Force\nnow has 2 products, TriasForce Auditing and TriasForce ERP, providing\nblockchain-based services to clients over different industries.<\/p>\n\n\n\n

D. Each of Trias\nthree layers, Leviatom, Prometh and MagCarta, have token economics.<\/p>\n\n\n\n

Q 3<\/p>\n\n\n\n

Which statement is INCORRECT?<\/p>\n\n\n\n


\nA.The Franchise-franchisee Model incentivizes\nfranchisees of Trias to create an enterprise-grade product ecosystem and token\nappreciation.
\n
\nB. The Staking Auction Model allocates values generated from the business\nactivities to the token holders.
\n
\nC. Two parallel staking systems, the Franchise-franchisee model (for\nenterprises) and the Staking Auction model (for individuals) are sperate\nstaking system which benefits different people.<\/p>\n\n\n\n

D. Trias has\ndesigned its MagCarta economic model,the core mechanism is for the economy to\npump revenues from the real world back to the community.<\/p>\n\n\n\n

Q 4<\/p>\n\n\n\n

Which of the following is correct?<\/p>\n\n\n\n


\nA. Trias has economic model for its 2 layers;<\/p>\n\n\n\n


\nB. TriasForce is built on Leviatom smart contract;<\/p>\n\n\n\n

C. Recent Trias Staking\nAuction APR is 120%-1200%<\/p>\n\n\n\n

D. TriasForce is\na SaaS product.<\/p>\n\n\n\n

Answers:<\/p>\n\n\n\n

1. D<\/p>\n\n\n\n

2. C<\/p>\n\n\n\n

3. C<\/p>\n\n\n\n

4. D<\/p>\n","protected":false},"excerpt":{"rendered":"

On May 15th our friends from FinNexus team were invited to conduct AMA session with SatoshiClub Community. Our guest was Kailing Bian (CSO of Trias). The total reward pool was 200 USD and was split in 3 parts. There was a second Trias x Satoshi AMA session, , no less or more interesting or dynamic. […]<\/p>\n","protected":false},"author":1,"featured_media":507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/505"}],"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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=505"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/505\/revisions"}],"predecessor-version":[{"id":509,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/505\/revisions\/509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/507"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}