{"id":6817,"date":"2021-03-12T11:49:51","date_gmt":"2021-03-12T09:49:51","guid":{"rendered":"https:\/\/esatoshi.club\/?p=6817"},"modified":"2021-03-12T11:59:30","modified_gmt":"2021-03-12T09:59:30","slug":"apron-network-x-satoshi-club-ama-recap-from-10th-of-march","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/03\/12\/apron-network-x-satoshi-club-ama-recap-from-10th-of-march\/","title":{"rendered":"Apron Network x Satoshi Club AMA Recap from 10th of March"},"content":{"rendered":"\n<p>Hello, Satoshi clubbers\nAnother AMA took place in Satoshi Club and we would like to introduce to you\nthe AMA session with our friends from Apron Network. Our guest was @Philex_Zhang the CEO of Apron Network.\nThe AMA took place on 10<sup>th<\/sup> March.<\/p>\n\n\n\n<p>The AMA session was divided into 3 parts with a total\ncrypto reward pool of 500$ <\/p>\n\n\n\n<p>In this AMA Recap we will try to summarise the most\ninteresting points for you.<\/p>\n\n\n\n<h2><strong>Part\n1 \u2014 introduction and questions from the Telegram community<\/strong><\/h2>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Hello Satoshi Club! We\nare happy to announce our AMA session with Apron Network! Welcome to Satoshi\nClub&#x1f600;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Hi,\ndear community!<\/p>\n\n\n\n<p>Let&#8217;s start our today&#8217;s series of AMA marathons with\nApron Network.&#x1f680;&#x1f680;&#x1f680;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Hey great people from\nSatoshi Club!<\/p>\n\n\n\n<p>Great to be here<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Today\nour guest is @Philex_Zhang!<\/p>\n\n\n\n<p>Welcome to Satoshi Club, @Philex_Zhang!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Hello, Philex! Welcome\nhere &#x1f44d;<\/p>\n\n\n\n<p>How are you today?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Couldn\u2019t be better<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong>We\nare honored to welcome you here!&#x1f44b;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> I can\u2019t wait to\nintroduce apron network to you guys!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Great!<\/p>\n\n\n\n<p>Let&#8217;s start &#x1f680;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> To\nbegin with, please tell us a few words about yourselves and how did you get to\nbe involved in crypto &amp; Apron Network?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> definitely. I\u2019m Philex Zhang the CEO of Apron Network. I graduated from National Computer Information Content Security Ket Laboratory of Harbin Institute of technology as a PHD student in 2012, and worked in Feitian Safe Ltd as the senior system security analyst for 3 years before moving to New Zealand and worked as a networking engineer since then.<\/p>\n\n\n\n<p>Cryptography is a key area of our information security\nresearch and it\u2019s safe to say that I have been following the development of\ncryptocurrency since its birth!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Technology always was\nyour passion &#x1f600;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Definitely<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Your\nbackground is amazing!&#x1f44d;<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Did you recognize the\npotential of crypto from the beginning? Or first you had doubts?&#x1f600;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Haha good question.\nSince we focus more on the technical side so we didn\u2019t really think about it as\na financial instrument at the beginning to be honest. But I did bought some\nBitcoin back then \ud83d\ude09<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> I\nhope you didn&#8217;t spend it on pizza? &#x1f601;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> With Apron Network we\nwant to bring Web3.0 forward to its fruitation<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Got it, your intuition\nworks perfectly &#x1f600;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Loooll I didn\u2019t<\/p>\n\n\n\n<p>Thankfully<\/p>\n\n\n\n<p>I\u2019m not a pizza guy<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Your\nintuition did not deceive you! &#x1f601;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Haha should we start\ntalking about Apron Network then I\u2019ll buy you guys pizza<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> But you intuition leaded\nyou to Apron Network &#x1f600;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Exactly<\/p>\n\n\n\n<p>I didn\u2019t realized the potential of Bitcoin but I do\nrealize the potential of Polkadot and Web3.0 in general<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Tell us about Apron\nNetwork as much as possible &#x1f600;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> I have no doubt that\nthat\u2019s how the future will look like<\/p>\n\n\n\n<p>For suren<\/p>\n\n\n\n<p>\u201cThe Apron Network is a decentralized platform created\nby Apron Labs to provide infrastructure services for dApp developers, dApp\nusers, and operators in the blockchain world. In the initial stage we will\nprovide node service, on-chain data indexing service, random numbers, price\nfeed service and etc for Polkadot ecosystem, also we will provide Ethereum,\nBSC, Heco and much more public chain in the forthcoming future.\u201d<\/p>\n\n\n\n<p>Heres a quote from our website<\/p>\n\n\n\n<p>And it might be a bit too technical for ordinary\nretail investors to grasp<\/p>\n\n\n\n<p>So please allow me to explain it a bit in more layman\nterms<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Sure&#x1f44d;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> What\ntasks and goals do you set for yourself?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> We want to try our best\nto explain what we are actually doing to our potential investors before they\nmake their decisions<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> It\nis commendable! &#x1f44d;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> We want to become THE\ninfrastructure service aggregator of the Web3.0 era<\/p>\n\n\n\n<p>This is our long term goal<\/p>\n\n\n\n<p>People might be a bit confused about this whole\ninfrastructure thing<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> This\nis a really cool goal! The Web3.0 era is coming!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> We are your potential\ninvestors! I will listen to you with pleasure &#x1f600;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Because from our day to\nday life ordinary web users don\u2019t really see these infrastructure just like the\nsewing system of our city<\/p>\n\n\n\n<p>But the city simply can\u2019t function without them<\/p>\n\n\n\n<p>The first and foremost infrastructure we will be\nproviding is \u201cdecentralized node services\u201d to DApp developers<\/p>\n\n\n\n<p>The decentralization is what differs Apron Network\nfrom the existing node service providers<\/p>\n\n\n\n<p>Let me explain in detail why that\u2019s important<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Feel\nfree&#x1f64f;<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Yes&#x1f600;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> &nbsp;As you might know, all the DApp developers\ncurrently have to rely on centralized node service providers such as Infura(I\nthink Infura is already quite well know among even the new comers in crypto\nfield) because the nodes are essentially what connect DApps with the underlying\nblockchain, and all the volume happens there.<\/p>\n\n\n\n<p>DApp developers NEED node service.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Yes, we are familiar\nwith this name<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> and the centralized ones\nare currently their own choice<\/p>\n\n\n\n<p>But theres a problem with centralization. A huge one.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Indeed&#x1f60a;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Do you guys remember\naround the end of last year there was this huge incident where Binance,\nMetamask, Coinbase all went down at the same time for around 2 hours?<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Yes, and it was from\nInfura side<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> yes\nit was a disaster<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Right? I remember seeing\na lot of people panicking and so on and I totally understood their fear<\/p>\n\n\n\n<p>Exactly.<\/p>\n\n\n\n<p>This happened because Infura forgot to update their Ethereum\nnode on time<\/p>\n\n\n\n<p>A small mistake in a centralized service provider can\npotentially cause a catastrophe<\/p>\n\n\n\n<p>Of course the problem was quickly solved after 2 hours<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Yes, so small mistake\nand so many problems<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Still it sounded an\nalarm<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Quite\nright! Have you come up with a solution? &#x1f60a;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> We need node services\nthat won\u2019t just go down when some one in the system made a mistake<\/p>\n\n\n\n<p>Yes we believe we do!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>This will be perfect &#x1f642;<\/p>\n\n\n\n<p>How your service will work?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> With Apron Network\nessentially we aggregate everyone who has the ability to set up their own nodes\nand the developers will be able to choose whoever they want to work with. They\ncan even choose to use several different node service providers at the same\ntime, so that when let\u2019s say one of the nodes goes down, their platform will\nsimply just continue working on other nodes without any problem<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> That&#8217;s great solution!\nWill you have different types of the nodes?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> For node service\nproviders on the other hand, we provide them with a full SDK(software development\nkit) so that they can easily set up their node and connect withApron Network\nthen become a node service provider<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> it\nlooks very tempting!<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> That solely depends on\nthe node&nbsp; providers they can choose to\nset up their own server and connect it with Apron Network or they can use\nAmazon Cloud for example but our customer will choose what kind of node they\nwant based on their need<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> on\nwhat terms do you provide SDK?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Or they can just pick up\ndifferent kinds at the same time<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Gotcha &#x1f44d;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> To all those who want to\nconnect their service to Apron Network!<\/p>\n\n\n\n<p>Later on we will launch our Apron Market as well. It\nwill be like Amazon for infrastructure service. People can go shop what kind of\nservice they need<\/p>\n\n\n\n<p>And anyone who want to list their service on Apron\nMarket can use our SDK<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Really cool solutions!\nThanks for this explanation!<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Thanks\nfor the great intro! Do you want to add something? Or maybe we can proceed to\nquestions from community?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Oh year just a little ad\nhere \ud83d\ude42 we just launched a functioning version of Apron Network on Heco\necosystem (the Huobi ecosystem) and if you are a DApp developer looking to\ndevelop on Heco you can now use our node service free of charge<\/p>\n\n\n\n<p>It\u2019s like a demo version of our mainnet we want to\ntest all the functions and such to make sure when we launch on Ethereum and\nPolkadot It\u2019s ready to used<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> It&#8217;s a great call for\nall developers!&#x1f680;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> https:\/\/dashboard.apron.network<\/p>\n\n\n\n<p>To apply you can go to our dashboard \ud83d\ude42<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> great\nopportunity&#x1f44d;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Ok that\u2019s it!<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> &#x1f680;&#x1f680;&#x1f680;<\/p>\n\n\n\n<p><strong><em>Q1 from Telegram user @Karoceh<\/em><\/strong><\/p>\n\n\n\n<p><strong>I read in the medium that Apron is\nproviding free services for developers in the Heco ecosystem. Why do you prefer\nto provide free service while you can generate profit from this service? Is\nthis free service temporary or permanent?<\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Ohh good question<\/p>\n\n\n\n<p>It\u2019s gonna be temporary and we will manage the nodes\nourselves at this stage<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> &#x1f609;Question in the\ntopic of conversation &#x1f44d;<\/p>\n\n\n\n<p><strong>Philex Zhang: <\/strong>As I said this is only a\ndemo version or testnet we want to attract our potential customers get a little\ntaste of what Apron Network would be like so they can get comfortable with the\nidea of decentralized service provider<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> We also just started our\nbig bounty program on Heco<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Did you already get any\nfeedback from first demo version users?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> If you are a developer\nand want to try Apron Network out while also win some tokens at the same time\nthis gonna be your chance!<\/p>\n\n\n\n<p>We are still in the application stage we want to\nselect those who might help us improve and give us genuine feedbacks<\/p>\n\n\n\n<p>Not like you know those crazy APY coins<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Ahaha, you read my\nthoughts&#x1f602;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong>Yeah! Personally I don\u2019t\nlike them that much but I guess this is just the necessary step of development<\/p>\n\n\n\n<p>We are at the wild jungle stage still so<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> And sometimes it&#8217;s\ngreat! Because we can start really awesome things and develop them from the\nbeginning &#x1f600;<\/p>\n\n\n\n<p>Thank you for your answers, Philex! Ready to proceed?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Exactly! The wild jungle\nis where all the weird flowers and animals can flourish<\/p>\n\n\n\n<p>For sure!<\/p>\n\n\n\n<p><strong><em>Q2 from Telegram user @MihaiPisica<\/em><\/strong><\/p>\n\n\n\n<p><strong>Apron aims to be the decentralized version\nof \u201dInfura\u201d of the Polkadot ecology. And as we know, Polkadot has been one of\nthe fastest rising decentralized networks in recent times, with the remarkably\nsheer number of dApps springing up across the Polkadot ecosystem. With such a\ngreat mandate to enable inter-blockchain communication, there is a need for\nutilities that streamline access to Polkadot data and services. In this case,\nwhat is the significance of Apron to Polkadot Ecosystem? What makes Apron\nNetwork be perfect for any Polkadot application? In which way does Apron\nNetwork see the opportunity to change how parachains connect with the Polkadot\nnetwork? Can you describe the Apron Network\u2019s easy-to-use \u201cmodule\u201d for Polkadot\necological developers?<\/strong><\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Long read &#x1f600;&#x1f44d;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Totally. The\nsignificance is that everyone needs to build on infrastructure. No matter you\nare opening a Restaurant or a club or a I don\u2019t know baseball field, you will\nneed the sewing system in work. Apron Network is built based on substrate\nframework, so we are born with Polkadot blood in a sense. We carried the\ninteroperability which means we won\u2019t just stay on Polkadot ecosystem. Our\nservice platform will be cross chain.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> reasonably\nand thoughtfully enough &#x1f44f;&#x1f44f;&#x1f44f;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> &nbsp;Projects on Polkadot or on other blockchain\nwill need services like oracle, on chain data indexing, random number\ngeneration etc, and with apron network they can have them in the simplest way.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> I know that there are\nother projects that provide let&#8217;s say &#8216;similar&#8217; services, do you consider them\nas competitors or possible partners?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Haha I like to say that\n\u201cApron Network has no competitors.\u201d I don\u2019t mean this in a egomaniac way. What\nI\u2019m trying to say is that Apron Network is just a platform and if you are a\nservice provider then you can easily connect your service onto Apron Network\neven if you are already connected with 100 other platforms. And the customers\nwill just choose the services that serve them the best.<\/p>\n\n\n\n<p>That being said if you are a service provider on Apron\nNetwork you will be competing with other service providers such as API3 or\nChainlink<\/p>\n\n\n\n<p>But generally speaking I believe the spirit of Web3.0\nis partnership over competition<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Blue Ocean strategy &#x1f600;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> We will reach out to\nthose similar platforms(I don\u2019t know any at the time) and partner with them\nbecause there\u2019s simply no reason to compete over customers at this point<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Gold\nwords&#x1f91d;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> This is still an\nundiscovered field<\/p>\n\n\n\n<p>Let\u2019s move on!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Btw, do you think that\nweb 3.0 popularity is the next thing after DeFi and NFT hype?&#x1f609;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> And\nyou are the pioneers! You can set trends &#x1f601;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Haha web3.0 will never\nbe a hype in my eyes but yes I\u2019m sure there gonna be a frantic phase at some\npoint<\/p>\n\n\n\n<p><strong><em>Q3 from Telegram user @meml97<\/em><\/strong><\/p>\n\n\n\n<p><strong>I read on your whitepaper that Apron\nNetwork aim is to provide services such as on-chain data indexes, node services\nand more for Polkadot, HECO and Kusama ecosystems, but what about other\necosystems like Ethereum, Cosmos, BSC, will your services be available for this\nas well? Also, I read that nodes will receive a service fee paid, will this fee\nchange depending on the ecosystem?<\/strong><\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>I know that it sounds a\nbit rough, but we are in jungles&#x1f602;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Definitely we will be\ncross chain and even project originally built on let\u2019s say Ethereum will be\nable to provide their service to cosmos customers on Apron Network<\/p>\n\n\n\n<p>The fee will be set by service provider and it will be\na total free market<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> It&#8217;s like news from the\nfuture &#x1f602;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Haha yes we are trying\nthe hardest to bring the future to the front of our eyes<\/p>\n\n\n\n<p>It feels so damn close sometimes<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Thanks! For me\neverything is clear! Do you want to add something or we can go to the next\nquestion?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Yes let\u2019s move on!<\/p>\n\n\n\n<p><strong><em>Q4 from Telegram user @meml97<\/em><\/strong><\/p>\n\n\n\n<p><strong>On your tokenomics section in your\nwhitepaper you said that the service call will charge a certain gas fee and\ncertain service usage fee, all of this of course will be done with APN, that is\nyour native token, so, could you tell us more about this token? Besides what I\nmention before, what other utility cases will it have? And since you are a\nsystem that will work with a lot of blockchains, what kind of token will it APN\nbe? Will users be able to use it in all those blockchains you offer services\nfor?<\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Definitely i like to\nexplain our tokenomics with investors haha<\/p>\n\n\n\n<p>Normally they love it<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Yes, we are watching and\nwriting down&#x1f609;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> The maximum issuance of\nAPN is 1 billion tokens, no pre-mining<\/p>\n\n\n\n<p>Institutional private sale constitutes 15% of the\ntotal amount and 25\u201330% will be unlocked after listing, while the remaining\ntoken will be unlocked within the following year.<\/p>\n\n\n\n<p>The team has 5% of the tokens and 15% will be unlocked\nevery 6 months after listing<\/p>\n\n\n\n<p>Advisor 3% having 25% unlocked after listing, while\nthe remaining token will be unlocked within the following year.<\/p>\n\n\n\n<p>Ecosystem construction 17%: these tokens are mainly\nused for LPO (slot auction), market activities, airdrops, etc., and they are\nmanaged by the foundation<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> This is the basic\ntokenomics<\/p>\n\n\n\n<p>APN has several utilities<\/p>\n\n\n\n<p>Ohh APN is our native token btw<\/p>\n\n\n\n<p>1. APN token will be used for actual payment from the\ncustomer to the service provider just like @meml97 described<\/p>\n\n\n\n<p>That\u2019s the most fundamental use case for APN<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Could you tell us how\nLPO will work?&#x1f600;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> 2. Apron Network charge\na service fee when a service is called, and these tokens will then be destroyed\nor locked, which makes APN a deflationary token<\/p>\n\n\n\n<p>Investors love deflationary tokens<\/p>\n\n\n\n<p>Yes! So we are planning to participate in the Kusama\nauction for parachain. And by then we will be needing a huge amount of\nKSM(Kusama native token) to be locked. We need the support from our community\nto basically lock their KSM for us and in return we give them back a really\ngood amount of APN token as rewards<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> When it will take place?&#x1f600;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> How\ncan we join?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> We are not sure about\nthe exact date yet but we are already preparing for it<\/p>\n\n\n\n<p>We will post a detailed step-by-step manual soon<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Great, we will be\nwaiting &#x1f600;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> And back to the token\nuse case!<\/p>\n\n\n\n<p>Almost forgot<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Sure&#x1f44d;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> don&#8217;t\nforget to share with Satoshi Clubbers&#x1f609;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> 3. To retail investors\nthe most obvious use case for APN will be staking to earn passive income<\/p>\n\n\n\n<p>We will have several different kind of staking pools\nfor different Risk preference<\/p>\n\n\n\n<p>High risk high rewards low risk low rewards, and they\nserve different function in the network as well<\/p>\n\n\n\n<p>It\u2019s a bit complicated so I\u2019ll just leave this general\nidea here if you want to learn more feel free to check out our medium page<\/p>\n\n\n\n<p>They are not staking pool just for the sake of staking\nso to say<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> By\nthe way, you can share a link to the medium&#x1f609;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Apron-network.medium.com<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Nice use cases&#x1f609; and good choices\nfor your investors!<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Here\u2019s our medium it has\na lot of informative articles there<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Thanks\nfor sharing&#x1f680;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Go and find out all\nabout apron network!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Yes, i already come\nthrough, my evening will be busy today &#x1f602; i will dive deeper<\/p>\n\n\n\n<p><strong>Philex Zhang: <\/strong>The rabbit hole is here!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong>Yes&#x1f602; Ready to jump to\nthe next question or you want to add something?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Yes!<\/p>\n\n\n\n<p>Let\u2019s move on<\/p>\n\n\n\n<p class=\"has-background has-pale-pink-background-color\"><a href=\"https:\/\/apron-network.medium.com\/apron-network-token-economy-and-token-utility-671e7d9c10b8\">https:\/\/apron-network.medium.com\/apron-network-token-economy-and-token-utility-671e7d9c10b8<\/a><\/p>\n\n\n\n<p><strong><em>Q5 from Telegram user @Indomiekuy<\/em><\/strong><\/p>\n\n\n\n<p><strong>i see that Apron Network already finished\ndoing their PreSale. Can you share about how much your target for seed round\nand did the target sale success ? and also who are your investor for seed round\ncan you share a little about that ?<\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Here\u2019s the link to our\ntokenomics article<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> &#x1f44d;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Yes we actually have\nanother article about our early investors<\/p>\n\n\n\n<p>Hold on<\/p>\n\n\n\n<p><a href=\"https:\/\/apron-network.medium.com\/apron-network-successfully-closes-the-seed-and-private-sale-funding-rounds-fc4e6f934344\">https:\/\/apron-network.medium.com\/apron-network-successfully-closes-the-seed-and-private-sale-funding-rounds-fc4e6f934344<\/a><\/p>\n\n\n\n<p>I don\u2019t want to brag but these are big names loooll<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> no\nneed to be ashamed to be awesome&#x1f601;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong>These top investors are\nreally keen on web3.0 infrastructure projects<\/p>\n\n\n\n<p>And it\u2019s safe to say we are holding their attention\nfor quite some time \ud83d\ude09<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Yes, you did awesome\nmarketing and development job!<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong>We are doing our best<\/p>\n\n\n\n<p>What\u2019s the next question?<\/p>\n\n\n\n<p>LFG!!<\/p>\n\n\n\n<p><strong><em>Q6 from Telegram user @alberto_vzla<\/em><\/strong><\/p>\n\n\n\n<p><strong>I have seen that Apron Network places a\nlot of importance on the orientation of users to generate a good connection\nwith Apron MARKET. How are the Apron MARKET services classified and what\noptions do they offer to establish good dApps developers?<\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Generally speaking there\nare node service, random number generation service, oracle service(Chainlink),\nand on-chain data indexing service(the Graph)<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong>What does random number\ngeneration service means?<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> And DApps developers\nwill save a lot of effort on building their own infrastructures, they can come\nto Apron Network like going to IKEA<\/p>\n\n\n\n<p>One stop then all infrastructure are there<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> I am not so tech, but\nit&#8217;s really interesting to understand.<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Like for example if you\nmake a NFT blindbox NBA topshop for example<\/p>\n\n\n\n<p>The result has to be totally random so that it won\u2019t\nbe maliciously manipulated<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>You know&#x1f602; <\/p>\n\n\n\n<p>Gotcha &#x1f44d;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Looolll it\u2019s everywhere<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club<\/strong>: Never thought i will be\ninterested in NBA&#x1f602;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Exactly haha<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Thank\nyou very much for your answers! It was second to none! You have a talent for\nexplaining complex things in simple language! @Philex_Zhang &#x1f60a;&#x1f44d;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> Haha I\u2019m trying my best<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Do\nyou want to add something before the most emotional part of our AMA? &#x263a;&#xfe0f;<\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> No let\u2019s move on! It\u2019s\nexciting<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong> Let&#8217;s go &#x1f680;<\/p>\n\n\n\n<h2><strong>Part 2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n<p><strong><em>Q1 from Telegram user @Ebelto<\/em><\/strong><strong><\/strong><\/p>\n\n\n\n<p><strong>What requirements do I have to meet as a\ndeveloper to be able to create my Dapp on Apron? Or should I just register and\nI can start developing my Dapp, is it really that easy?<\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang:<\/strong> For our mainnet we don\u2019t\nset criteria for developers Apron Network is a platform where everyone can come\nto use the service here and build their DApp this is gonna be the future.\nFreedom for everyone<\/p>\n\n\n\n<p><strong><em>Q2 from Telegram user @Korryl<\/em><\/strong><strong><\/strong><\/p>\n\n\n\n<p><strong>Im just curious could u explain to me why\ndo blockchain really need Decentralized Infrastructure Service Network that\nApron Project have like now? What problem in blockchain ecosystem do you want\nto solve?<\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang<\/strong> :Just like I explained\nearlier centralized service providers are super fragile when face black swan\nevents and what can happen will happen right?<\/p>\n\n\n\n<p><strong><em>Q3 from Telegram user @Gutike95<\/em><\/strong><strong><\/strong><\/p>\n\n\n\n<p><strong>You mention that with Apron you can access\nPolkadot, Eth, Eos and Filecoin to create the Dapps, but have you really not\nthought about incorporating it into BSC? or really BSC doesn&#8217;t need it?<\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang<\/strong> :We are working on\nmoving onto BSC as we speak we plan to launch there in Q2<\/p>\n\n\n\n<p><strong><em>Q4 from Telegram user @highpee<\/em><\/strong><strong><\/strong><\/p>\n\n\n\n<p><strong>&nbsp;You\njust launched a functioning version of Apron on HECO ecosystem. How is this\nfunctioning version different from the main version and what function are\nunavailable for this version? Will consider launching on other chain like BSC\nsometimes in future? @Philex_Zhang<\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang<\/strong> :Right now it\u2019s limited\nto node services and we will provide the service ourselves so it\u2019s not yet\ndecentralized<\/p>\n\n\n\n<p><strong><em>Q5 from Telegram user @Smartling<\/em><\/strong><strong><\/strong><\/p>\n\n\n\n<p><strong>What requirements do I need to fulfill to\nbecome an Inspector? What do I stand to benefit from being an inspector and\nwhat are the risks involved in being an inspector?<\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang<\/strong> :As long as you are a\ntoken holder you can become an inspector and earn passive income by staking\nyour token in the inspector pool<\/p>\n\n\n\n<p><strong><em>Q6 from Telegram user @Boylut<\/em><\/strong><strong><\/strong><\/p>\n\n\n\n<p><strong>Is there a fixed date for your TGE and how\ndoes the token release schedule looks like? @Philex_Zhang<\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang<\/strong> :We are planning to\nlaunch our token around late March and we are in talk with tier 1 exchanges\nright now. We will list on them upon token launch<\/p>\n\n\n\n<p><strong><em>Q7 from Telegram user @Abisola1<\/em><\/strong><strong><\/strong><\/p>\n\n\n\n<p><strong>What function does Apron SDK play in Apron\nNetwork?<\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang<\/strong> :It\u2019s crucial because it\nhelps service provider to incorporate into Apron Network basically in a\none-click fashion<\/p>\n\n\n\n<p><strong><em>Q8 from Telegram user @Abisola1<\/em><\/strong><strong><\/strong><\/p>\n\n\n\n<p><strong>Do you have any notable partners in the\nindustry?<\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang<\/strong> : We just announced our\npartnership with Phala, Kylin and Trustbase they are helping a great deal for\nus to improve our user experience<\/p>\n\n\n\n<p><strong><em>Q9 from Telegram user @Abisola1<\/em><\/strong><strong><\/strong><\/p>\n\n\n\n<p><strong>Who are Apron Network target customers?\nCan a novice make use of Apron Network or is there a guide on how to go about\nit? <\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang<\/strong> :There will be a\ndetailed guild on how to use Apron Network but I would say our target customers\nare DApp developers who have the basic knowledge of what they are doing and\nwhat they need<\/p>\n\n\n\n<p><strong><em>Q10 from Telegram user @lahkoklu<\/em><\/strong><strong><\/strong><\/p>\n\n\n\n<p><strong>the thing that is feared by users and\ninvestors is hacking, so what about the extreme level of security and\ninfrastructure in the Apron Network to protect it?<\/strong><\/p>\n\n\n\n<p><strong>Philex Zhang<\/strong> :apron network will do\nencryption on all the service provided and used by our customers, which means\nthat for example when someone tries to attack a project by hacking into their\nnodes, they simply wouldn\u2019t be able to know where to shoot<\/p>\n\n\n\n<h2><strong>Part 3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n<p>As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about the crypto project. A link to a Quiz\nform was sent into the chat.<\/p>\n\n\n\n<p><strong>For\nmore information and future AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n<p>English Telegram group: <a href=\"https:\/\/t.me\/Satoshi_club\/\">https:\/\/t.me\/Satoshi_club\/<\/a> <\/p>\n\n\n\n<p>Russian Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_ru\/\">https:\/\/t.me\/satoshi_club_ru\/<\/a> <\/p>\n\n\n\n<p>Spanish Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_spanish\/\">https:\/\/t.me\/satoshi_club_spanish\/<\/a> <\/p>\n\n\n\n<p>Telegram Channel: <a href=\"https:\/\/t.me\/satoshi_club_channel\/\">https:\/\/t.me\/satoshi_club_channel\/<\/a> <\/p>\n\n\n\n<p>Twitter: <a href=\"https:\/\/twitter.com\/realsatoshiclub\/\">https:\/\/twitter.com\/realsatoshiclub\/<\/a> <\/p>\n\n\n\n<p>Website: <a href=\"https:\/\/esatoshi.club\/\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p><strong>Our\npartners:<\/strong><strong><\/strong><\/p>\n\n\n\n<p>Discord: <a href=\"https:\/\/discord.gg\/esx6W3PYVp\/\">https:\/\/discord.gg\/esx6W3PYVp\/<\/a> <\/p>\n\n\n\n<p>Telegram:\n<a href=\"https:\/\/t.me\/ApronNetwork\/\">https:\/\/t.me\/ApronNetwork\/<\/a> <\/p>\n\n\n\n<p>Twitter: <a href=\"https:\/\/twitter.com\/apronofficial1\/\">https:\/\/twitter.com\/apronofficial1\/<\/a> <\/p>\n\n\n\n<p>Medium: <a href=\"https:\/\/apron-network.medium.com\/\">https:\/\/apron-network.medium.com\/<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Apron Network. Our guest was @Philex_Zhang the CEO of Apron Network. The AMA took place on 10th March. The AMA session was divided into 3 parts with a total crypto [&hellip;]<\/p>\n","protected":false},"author":66,"featured_media":6719,"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\/6817"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=6817"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/6817\/revisions"}],"predecessor-version":[{"id":6821,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/6817\/revisions\/6821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/6719"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=6817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=6817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=6817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}