{"id":6520,"date":"2021-03-03T11:55:14","date_gmt":"2021-03-03T09:55:14","guid":{"rendered":"https:\/\/esatoshi.club\/?p=6520"},"modified":"2021-03-26T13:23:58","modified_gmt":"2021-03-26T11:23:58","slug":"ama-satoshi-club-x-kylin-network-march-2nd-2","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/03\/03\/ama-satoshi-club-x-kylin-network-march-2nd-2\/","title":{"rendered":"AMA Satoshi Club x Kylin Network, March 2nd"},"content":{"rendered":"\n

Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from Kylin Network. The AMA took place on March 2nd, 2021 and our guest was @dyLanoshi. <\/p>\n\n\n\n

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.<\/p>\n\n\n\n

Part 1 \u2014 introduction and questions from the Telegram&Bitcointalk community<\/strong><\/h2>\n\n\n\n

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club: <\/strong>Hello\nSatoshiClubbers and welcome to Kylin Network AMA! Today our guest is\n@dyLanoshi, welcome!<\/strong><\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>hello all! <\/strong>@dyLanoshi\nhello! good to have you here!<\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>great\nto be here!<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>how are you doing?😊 <\/strong>this is the first question of\nour AMA😄<\/strong><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>honestly,\nnot bad – after 6 days of intensity, got some rest finally last night<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club: <\/strong>Nice\nto hear 😄<\/strong><\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>great!<\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>not\nthat i actually know what that is like unfortunately, <\/strong>but\ni can imagine it is similar, <\/strong>intense and bewildering being in the midst of a\nlaunch is like an acid trip<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club: <\/strong>It\nshould be difficult of course. So\nyou had a nice rest… That’s nice, because Satoshi Club has many great\nquestions for you 😉<\/strong><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>but\nextremely grateful too! and emotional – 6 months ago no one knew who we were\nreally, and our team has worked so hard and our community has been so amazing.\nwe have such a great group of people who have put their faith in us – from our\nfist investors to our latest supporters during the launch<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>so, are you ready for the\nportion of AMA with Satoshi Club? 😉 @dyLanoshi<\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>yes!<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club: <\/strong>Congratulations\n👏👏<\/strong><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>thank\nyou<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>yeah, this is awesome\nfeeling!  so let’s begin with intro? can\nyou please tell Satoshi Club a bit about your experience in crypto? and\nintroduce Kylin Network as well? 😊<\/strong><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>Yeah\nfor sure! <\/p>\n\n\n\n

So\nI’ve been around for some time. Known about BTC since late 2010 and then\nactually really started down it in late 2011. Initially had more of an academic\nbackground, but half of my working life is still prob in more itinerant jobs\nlike waiting tables and such, actually. Eventually found myself in the context\nof corporate world and progressive involvement in blockchain. From Toronto and\nmet Ethereum team early on, took part in their ICO and held until the last bull\nrun. Did some angel investing after that which I sucked at and then started\nmoving into building projects and teams, with a focus on either crypto\nprimitives\/fundamental problems, or both.In a really really general way, Kylin\naims to be the basic context for a DeData world.We connect the real world to\nthe blockchain and vice versa<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club: <\/strong>You\nare an early adopter 👀😄<\/strong><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>believe\nit or not when btc was at $70 I thought I was late. <\/strong>lmao<\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>things\nwere so so much differen then<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>haha still not late to buy at\n50k😄😉<\/strong><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>conan\nobrien started making fun of it on his show, <\/strong>people\njust thought it was ‘zany’ then, <\/strong>like the same as people\nwearing tin foil caps to protect from microwaves. No joke. <\/strong>We’ve\ncome a long way<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>nice journey! more than 10\nyears in crypto! cool<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club:<\/strong> <\/strong>Lucky you 😉<\/strong><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>a\nlot of people focus on the fact that we can provide a more cost-effective, higher\nthroughput oracle use-case, but this is actually the tip of the iceberg, we\nhope<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club: <\/strong>Oh\nmy god…😂😂😂😂<\/strong><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>i\ndon;t want people to get an impression that i have tons of btc, btw – i was as\nrational as anyone else along this whole journey. <\/strong>just\nfyi<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>so you sell most of them in\nprofit 😉 something like this? 😁<\/strong><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>yes,\ncrypto has been good to me, but i also spent many years in the trenches\nexplaining it to people who thought i was a little off<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club: <\/strong> 😄😄<\/strong><\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>haha alright! thank you for\nthe great intro @dyLanosh ! if you are ready we can start with the questions\nfrom Satoshi Club community? 😇<\/strong><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>yes\nplease!<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club: <\/strong>Let’s\ngo!<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>let’s gooooo! 🚀<\/strong><\/p>\n\n\n\n

Q1\nfrom Telegram user @Highpee<\/em><\/strong><\/p>\n\n\n\n

Your\ntoken sale on PolkaStarter which was set at a price of $0.05 was exhausted\nwithin 2 minutes and not all whitelisted address were able to participate. But\nI learnt you are going to run a Phase 2 sale through a Liquidity Bootstrapping\nPool (LBP) on Balancer. When is the Balancer sale and will you require a\nwhitelist\/KYC for this? Also, Why is the price of the Phase 2 sale set at $0.95\nwhich is far higher than the $0.05 price for POLS sale and what assets is\/are\nneeded to participate in this phase?<\/em><\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club: <\/strong>Great\nquestion 😄<\/strong><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>I will be the first to admit our launch was challenging. We had a really massive interest in the IDO, and I think we should have been better prepared for it. Ultimately, we have to compromise on features of our token launch design (and overall tokenomics). <\/strong>ok, so the LBP. <\/strong>this was something we figured out as a cutting edge methodology to engender some more fairness in the launch process. <\/strong>it’s this really neat way to prevent bot front-running<\/p>\n\n\n\n

https:\/\/kylinnetwork.medium.com\/kylin-token-launch-phase-2-liquidity-bootstrapping-pool-lbp-on-balancer-725fe67f73a8<\/a><\/p>\n\n\n\n

WARNING\n\u2014 LBPs and timing<\/p>\n\n\n\n

This\nis probably unlike any other sale you\u2019ve ever done. Unlike in, say Uniswap,\nwhere two assets in a pool have equal weight, in LBPs the weights of the assets\ncan be changed over time, hence, we \u2018bootstrap liquidity\u2019. As noted above, it is\nimportant not to jump in too early. Stay rational. If you feel the price is too\nhigh, wait a few minutes or longer until it reaches a value you think is correct. Unlike a standard pool, there\nare two main methods by which the price can change: 1) there is a constant\ndownward pressure on the price from the variable weighting, but 2) in concert\nwith this is that the price will get a \u2018bump\u2019 every time someone sends USDC to\nthe pool in exchange for KYL.<\/p>\n\n\n\n

WARNING\n\u2014 LBPs and price discovery<\/p>\n\n\n\n

You\nwill need to understand that when you swap USDC for KYL in a LBP pool, you\nessentially are \u2018naming your price\u2019. Although we have a starting price, of\n$0.95, this does NOT mean that KYL has been valued at $0.95! This is essentially a\nplaceholder starting point at a 19X (95\/5=19) valuation to the public sale\nprice of $0.05 that should help prevent bot front-running prior to the weight\nfunction kicking in. We\nrepeat, do not confuse the starting price with a proposed token value! In other words, if everyone\ndoes nothing or, overall, adds very little liquidity when the LBP starts, the\nprice will naturally fall, and fall fast. This is why it is so\nimportant in an LBP to stay calm and not FOMO. Over a certain time period,\nit should become more and more clear the price basis of KYL, which is why it is\nfurther recommended not to \u2018storm the gates\u2019. In simplest terms, the LBP\nputs a lot of agency in the hands of the participants to work dynamically and\nmost importantly \u2014 organically \u2014 toward a methodology\/system of price discovery\nwith hopefully a more rational and human basis than other ways. Subsequent to the LBP ending,\nthe token price will be set in the Uniswap pool, which represents the 3rd and\nfinal phase of the KYL token launch.<\/p>\n\n\n\n

I’m\njust going to copy\/paste what we’ve put together up here for ref too^^^<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>thank you! also, as i heard\ntoken sales on Balancer are quite expensive regarding to gas fees, is that\ncorrect? so people should hold more ETH to make a successful transaction there?<\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney | Kylin\nNetwork – CEO: <\/strong>TL;DR:\nthe $0.95 IS NOT an assessment of value, it’s a function of the LBP. <\/strong>afaik\nas expensive as on any DEX, but would you rather a bot scoop it?<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>nope<\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>and\nyes, people should hold adequate eth to run txs<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club: <\/strong>That’s\nimportant❗️<\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>i\nhope this all makes sense?<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>sure!<\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>so\nthe idea is we really want to get to organic price discovery based on humans. <\/strong>IMO\nwe are in an unhealthy phase – too bullish <\/strong>and\nvaluations are too crazy. <\/strong>LBPs hopefully enforce some\nrationality on retail investors<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club: <\/strong>You\nare right 😂<\/strong><\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>yep, market is very hot, it’s\na bit scary 😁<\/strong><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO:<\/strong> <\/strong>ultimately leading-we\nhope–to better entry points, <\/strong>but we all have to work\ntogether on this – IT’S EXTREMELY IMPORTANT NOT TO FOMO IN ON THE LBP<\/p>\n\n\n\n

wait<\/p>\n\n\n\n

wait<\/p>\n\n\n\n

watch<\/p>\n\n\n\n

do\nnot jump in<\/p>\n\n\n\n

you\nwill get rekt<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>so best strategy is a bit\nwait, and then buy for the more adequate price😇. <\/strong>i\nhope it will work 👀😄<\/strong><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>whatever\nyou do, and i can’t i guess formally give advice, but my academic sentiment on\nthis is do not go in at the start<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>gotcha!<\/p>\n\n\n\n

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club: <\/strong>Noted<\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>we\nhave a ton of great analyses floatng aroundin the unofficial chat on this btw. <\/strong>Really\nfascinating to speculate on how it will go down<\/p>\n\n\n\n

https:\/\/t.me\/kylin_krusaders<\/a><\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>nice! need to read those\nposts 😇 Thank\nyou for the good answer! ready for the next question?<\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>ofc<\/p>\n\n\n\n

Q2\nfrom Telegram user @lequang123<\/em><\/strong><\/p>\n\n\n\n

Kylin\nnetwork plans to Unlock the potential of DeFi using bridges and cross-chain\nsynthetics. Will it be possible to establish cross-chain liquidity bridges to\nmake it easier for LPs to work and improve the status of transactions? What\nimprovements will we see in the blockchain with kylin?<\/em><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>so,\nthis is something we are working with Shadows a bit on already (and others).\nshort answer is yes! it will take some time before this is really operational\nlike it is in other contexts (eth world eg), bc Polkadot needs some time to\nmature yet, but i expect within 6 months. 2nd part of the question is super\ngeneral, but Kylin at its base is the scaffolding to a validated data\ninfrastructure for the world. we are just getting kickstarted with the oracle\nuse case, but the oracle use case is just one of a sea of validated data use\ncases that will drive decentralized data proceses.<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>so Kylin Network will support\nmany blockchains? what will be the fee structure? will we have to pay everytime\nwhen we connect to new blockchain?<\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong>eventually,\nyes, through bridge-chaining on polkadot. The fee structure is like this.<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>ok, got it<\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney |\nKylin Network – CEO: <\/strong><\/p>\n\n\n\n

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

Luis Merino <\/strong>🇪🇸<\/strong>\n| Satoshi Club: <\/strong><\/p>\n\n\n\n

I\nhave no questions regarding this answer 😳<\/p>\n\n\n\n

Which\nis pretty strange haha. Great answer Dylan 👏<\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong><\/p>\n\n\n\n

thanks! there are really 2\nsides to Kylin: the NPOS consensus side which is like a fork of dot and then\nthe biz module side (which is really far more interesting in some ways as it’s\nthe innovative aspect).\nThey interoperate and we have this\nextremely juicy incentivization aspect to oracle scripting on the biz module 15% in\nperpetuity<\/p>\n\n\n\n

D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>oh yeah, i see😊<\/strong><\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>so we expect a cambrian explosion of people engineering really cool\nscripts, <\/strong>either in a\njourneyman way, or as part of a way of dogfooding data providers themselves. Does this\nall make sense? <\/strong>so consumers pay\nin KYL for access<\/p>\n\n\n\n

D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>it definitely makes sense 😄<\/strong><\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>and that paid KYL is given overand then likely about 60% of KYL is\nlocked at any time <\/strong>for\n~12% APR <\/strong>and that staking\nmechanism drives skin in the game for oracle and arbitration nodes <\/strong>Kylin is like if DOT itself became a data\nfeeding\/consumption functionality validation layer. <\/strong>This is why\nwe call ourselves infrastructural <\/strong>because,\neven though off-chain workers satisfy oracle functionalities in a way in\nSubstrate 2.0, they are limited and there’s no way to validate what they bring\non to chain. I should prob note that i’m done with each response, huh?lol<\/p>\n\n\n\n

D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>haha! thank you for detailed\nexplanation! i think you gave us as much info as possible 😄👍thanks a lot! ready\nfor the third question?<\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>for sure<\/p>\n\n\n\n

D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>let’s do this!<\/p>\n\n\n\n

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

As you say, a good oracle service must\nhave four important characteristics: accuracy, timeliness, high cost against\nattacks and decentralization. Does Klyin Network meet all these characteristics\nin their entirety? What role does Polkadot play in all this? Has it been key to\nachieving what other oracles have failed to do?<\/em><\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>yes, we do, i think. accuracy for sure will come with time and\nbecome more robust as we engineer many sources of data feeding (apis). timeliness\nfor sure! we can settle much faster thanks to DOT, in near real-time high cost\nagainst attacks, yes on this too; through our arbitration mechanism and\nslashing decentralization – in the long-term for sure, though we need to ve a\nbit careful at the start and vet validators a bit through 100 validators\nprogram, but they get vetted less and less as the system becomes more robust. <\/strong>Polkadot’s role is that it provided us the\ncontext we felt to adequately solve The Oracle Problem in the way that it\nneeded to be solved – at a cost effective and high throughput basis<\/p>\n\n\n\n

We think it’s the key, yes<\/p>\n\n\n\n

D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>would you call Chainlink your main competitor?<\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club:<\/strong> Does Kylin really have\ncompetitors? They will smash them all<\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>here’s the thing: chainlink is awesome, but chainlink will need to\ninnovate beyond their narrative imo <\/strong>oracles\nare like email in 2001 <\/strong>they\nwill be a feature.I don\u2019t see\nthat we have direct competitors (like Chainlink) in the sense of any project attempting\nto build an infrastructural level data validation layer. Of course, we get\ncompared to Chainlink a lot, and that\u2019s ok. Most people who will employ data\nfeeding services will use a variety of oracles to come to the best result, and\nit is only logical. Finding partners, so far, has proved pretty smooth. <\/strong>In the most general terms, Kylin is a\ngeneral data validation layer. In more specific terms, it\u2019s probably best\nconceptualized as a cross between Chainlink (we can satisfy getting off-chain\ndata on-chain), the Graph (through querying we can get on-chain data, off-chain\nfor analytics), and then Ocean Protocol (where we are setting up the basis for\na decen-tralized data market infrastructure). \nSo yeah the Chainlink comparison is necessary, but not sufficient.<\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>Btw Dylan, an offtopic\nquestion. How big is your team?<\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>FT and PT we are 22 or so, and it looks like Berkeley will lend us\none of their BC accelerator interns soon too. <\/strong>and then we have this amazing amazing committed group of volunteers\n– i think around 10 or so now with a core group of 4 or so ambassadors<\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>Not a small one 💪Do you plan to extend those\ngroups?<\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>i guess not now ha <\/strong>i\nexpect that we will expand the ambassador network a bit as needed<\/p>\n\n\n\n

https:\/\/kylinnetwork.medium.com\/introducing-the-kylin-ambassadors-program-kap-34d0c76e08fc<\/a><\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>Thank you for your\nanswers! <\/strong>Do you want to\nmove to Q4? 😊<\/strong><\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO:<\/strong> let’s do it!<\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>Thanks 😊👏@Cool_as_Ice shoot\nit 🚀<\/strong><\/p>\n\n\n\n

D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>ok! let’s talk about community then 😉<\/strong><\/p>\n\n\n\n

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

I read in your website that Kylin\nNetwork has some great Community engagement and the one that interest me is the\nBounty Program for General Community. So,can you explain more about this Bounty\nProgram in your network? How to participate in this program? What are the\nbenefits and rewards as prizes for this Bounty Program? What is the motivation\nand objective and proceeds of this program? Can we also invite some friends or\ncolleagues to participate this Bounty Program? Thank you<\/em><\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>tbh we have been so busy with product and then launch we haven’t\nfully formed the program out yet. <\/strong>but we\nwill provide some details on this post launch<\/p>\n\n\n\n

D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>i assume we can expect some cool things\nfor the community 😉<\/strong><\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>for sure!<\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>Great things to come ✨<\/strong><\/p>\n\n\n\n

D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>don’t forget to share news about those\nevents later in our club as well 😇so let’s proceed to the next question? ready?<\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>totally, <\/strong>please\nyes<\/p>\n\n\n\n

Q5 from Telegram user @Wormz28<\/em><\/strong><\/p>\n\n\n\n

Data Consumer, Data Warehouse, Oracle\nNode, Arbitration Node, and Blockchain Node, these are the five entities of\nKylin Oracle that represents the major components of Kylin\u2019s Architecture. So\ncan you explain the details of each entities and the interralated relationships\nof the components?<\/em><\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>I can, but the token economy white paper does it so much better<\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>Please share it with us\n👍<\/strong><\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network <\/strong>– CEO:<\/strong>https:\/\/docsend.com\/view\/rxexqc3cnjh3efz4<\/a> as well as\nthis visual is helpful<\/p>\n\n\n\n

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

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>Thank you 😊<\/strong><\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>of course!<\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>This picture is really\nuseful and informative<\/p>\n\n\n\n

D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>displays everything perfectly 👌<\/strong><\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>hehe<\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>Yes, I have no\nquestions for this one, do you?<\/p>\n\n\n\n

D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>everything is clear<\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>@dyLanoshi ready for\nthe last question of this part?<\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>yes please<\/p>\n\n\n\n

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

Can you share with us who are your\nimportant partners that Kylin Network have? How many total partner that you\nhave for now? What are the result for Kylin Network from your partnership?<\/em><\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>thanks! <\/strong>for\nsure! proud to say we have more pre-launch partnerships than any other oracle\nas far as we know. <\/strong>we have\n33 partnerships in total atm, half of which are public<\/p>\n\n\n\n

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

some that we can highlight ^<\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>And they are huge\nprojects 😳👏Congratulations on that 🎉<\/strong><\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>many of these we are working on use case paramteres above and beyond\nprice feeding<\/p>\n\n\n\n

D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>do you have plans regarding to NFT\nsector? you cover so many directions in crypto, is there a place for NFTs in\nKylin Network?<\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>yes, indeed. <\/strong>we are\nclearly bullish on NFTs<\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>Those are great news,\nNFTs are rocking atm 🚀<\/strong><\/p>\n\n\n\n

(Won\u2019t\nDM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong><\/p>\n\n\n\n

bondly is a big partner of ours. <\/strong>we may think about using NFTS as an access\npoint for thinks like validation or discounts or buffers on aspect of\ntokenomics. <\/strong>rn we have\nassociated two NFTS with airdrops<\/p>\n\n\n\n

https:\/\/kylinnetwork.medium.com\/bondly-kylin-instructions-for-nft-card-sale-6bf2bd7a8e9f<\/a><\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>Kylin NFT is adorable 🥰🥰<\/strong><\/p>\n\n\n\n

D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>great! those NFTs look nice 👍<\/strong><\/p>\n\n\n\n

Luis\nMerino <\/strong>🇪🇸 | Satoshi Club: <\/strong>Ready for a storm of\nquestions in part 2? @dyLanoshi<\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>yes indeed!<\/p>\n\n\n\n

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

Q1 from Telegram User<\/strong><\/em> @Wormz28<\/strong><\/em><\/p>\n\n\n\n

🔥🔥🔥🔥<\/em><\/p>\n\n\n\n

HELLO 👋 @dyLanoshi<\/em><\/p>\n\n\n\n

How’s your experience having AMA here in Satoshi Club and what can you say about the group and the community?<\/em><\/p>\n\n\n\n

🔥🔥🔥🔥<\/em><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>you guys rock; i like these sorts of amas in authentic cool communities <\/p>\n\n\n\n

Q2 from Telegram User<\/strong><\/em> @stargateeatlantis<\/strong><\/em><\/p>\n\n\n\n

I have seen many projects starts with really good promises but when there is low income on presale they abandon the project. How can I be sure this won’t happen with Kylin?<\/em><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong> we have at least 2 years roadmap with our current funding and treasury management, and we have hustled our assess off so far – i expect that to continue<\/p>\n\n\n\n

Q3 from Telegram User<\/strong><\/em> @RamonPila25<\/em><\/strong><\/p>\n\n\n\n

Is it possible for users to become any of the node types required for Kylin to function? What are the requirements for them?<\/em><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong> yes, but after some time – we will work with some trusted validator nodes first to ensure everything is smooth<\/p>\n\n\n\n

Q4 from Telegram User<\/strong><\/em> @Robotliker<\/em><\/strong><\/p>\n\n\n\n

@dyLanoshi
Hello sir!<\/em><\/p>\n\n\n\n

There is the chance of fake pools and listing of fake tokens in defi , what is the real contract address of KYL?ALSO what is your official telegram community<\/em><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong> <\/p>\n\n\n\n

great question:
https:\/\/kylin.network\/<\/a>
0x67B6D479c7bB412C54e03dCA8E1Bc6740ce6b99C<\/p>\n\n\n\n

Q5 from Telegram User<\/strong><\/em> @atillayeni <\/em><\/strong><\/p>\n\n\n\n

Solana network, Tron network and Avalanche network are growing too. Will you add support for those blockchains?<\/em> <\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>Yes! already speaking with AVAX team for some time now <\/p>\n\n\n\n

Q6 from Telegram User @LadislavPavlistik<\/strong><\/em><\/p>\n\n\n\n

What is the best thing you would point out in your project?<\/em><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong> Our community tbh<\/p>\n\n\n\n

Q7 from Telegram User @KhaleesiTheCryptoLady<\/strong><\/em><\/p>\n\n\n\n

Why Kylin? What is the story behind naming your project – KYLIN? It is a beautiful name for a girl. 🥰<\/em><\/p>\n\n\n\n

@dyLanoshi<\/em><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong><\/p>\n\n\n\n

haha it is a mythological beast – from primarily asian origin
https:\/\/en.wikipedia.org\/wiki\/Qilin<\/a>
the Kylin is ‘said to appear with the imminent arrival or passing of a sage or illustrious ruler’<\/p>\n\n\n\n

Q8 from Telegram User @nadee5<\/strong><\/em><\/p>\n\n\n\n

Is there any limitations to buy KYL tokens in LBP? <\/em><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong> theoretically, yes: 13M
practically, speaking, no <\/p>\n\n\n\n

Q9 from Telegram User @topind7<\/strong><\/em><\/p>\n\n\n\n

Can you identify the DEX Kylin will launch on after the sale and the date you will launch it?<\/em><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong>we will go on uniswap soon after the Balancer LBP <\/p>\n\n\n\n

Q10 from Telegram User @blockchainstake<\/em><\/strong><\/p>\n\n\n\n

What are the priorities of Kylin on this new year 2021 can you share your milestones you want to achieve this year?<\/em><\/p>\n\n\n\n

(Won\u2019t DM You First) – Dylan Dewdney | Kylin Network – CEO: <\/strong> securing more partnerships, POC Testent, and Parachain auction!<\/p>\n\n\n\n

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

In the final part we tested your knowledge in terms of  Kylin Network<\/a> . They\u2019ve prepared 4 questions for this part. The total reward pool for quiz was 300$.<\/p>\n\n\n\n

For more information and future AMAs, join our Social Media channels:
<\/strong>English Telegram group: https:\/\/t.me\/Satoshi_club<\/a>
Russian Telegram group: https:\/\/t.me\/satoshi_club_ru<\/a><\/p>\n\n\n\n

Spanish Telegram group: https:\/\/t.me\/satoshi_club_spanish<\/a>
Telegram Channel: https:\/\/t.me\/satoshi_club_channel<\/a>
Twitter: https:\/\/twitter.com\/realsatoshiclub<\/a>
Website: https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n

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

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

Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from Kylin Network. The AMA took place on March 2nd, 2021 and our guest was @dyLanoshi. The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will […]<\/p>\n","protected":false},"author":34,"featured_media":7425,"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\/6520"}],"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\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=6520"}],"version-history":[{"count":4,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/6520\/revisions"}],"predecessor-version":[{"id":7426,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/6520\/revisions\/7426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/7425"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=6520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=6520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=6520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

https:\/\/kylinnetwork.medium.com\/polkapets-and-kylin-team-up-d4b4e41fdebe<\/a><\/p>\n\n\n\n

https:\/\/kylinnetwork.medium.com\/kylin-network-the-sufficient-case-for-solving-the-oracle-problem-c92c237d532e<\/a><\/p>\n\n\n\n