<\/p>\n\n\n\n
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 YellowRoad and our guest were @Mr_mRoad and @Mr_O_YellowRoad. The AMA took place on 25 March.<\/p>\n\n\n\n
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The\nAMA session was divided into 3 parts with a total crypto reward pool of 500$ <\/p>\n\n\n\n
In\nthis AMA Recap we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Mary | Satoshi Club:<\/strong> Hello Satoshi\nClub! We are happy to announce our AMA session with YellowRoad! Welcome to\nSatoshi Club😀<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Hello, dear\ncommunity!<\/p>\n\n\n\n We conclude our today’s AMA marathon series with\nYellowRoad.<\/p>\n\n\n\n Hello and welcome to Satoshi Club, @Mr_mRoad and\n@Mr_O_YellowRoad!<\/p>\n\n\n\n Mr. O:<\/strong> Hey all! Great to be\nhere<\/p>\n\n\n\n Mr. M:<\/strong> Hi everyone, great to be\nhere today. 💫<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> We are very glad\nto conducting AMA with YellowRoad!😀<\/p>\n\n\n\n Let’s start!<\/p>\n\n\n\n Introduce youreself. How did you get to be involved in\ncrypto & YellowRoad?<\/p>\n\n\n\n Tell us please about yourself and your position in\nYellowRoad.<\/p>\n\n\n\n What is the essence of your project?<\/p>\n\n\n\n Mr. O:<\/strong> Lets do it! <\/p>\n\n\n\n Yellow Road is a bright, unique, and engaging IDO\nplatform to empower the most innovative crypto projects by leveraging the power\nof community. Yellow Road\u2019s vision is to empower projects, people, ideas, and ethics. The\nplatform offers a range of funding solutions from smart auctions to community\nbuilding and engagement programs for new projects.<\/p>\n\n\n\n Our team includes 7 (and growing). All our founding\nteam members including developers, designers and marketers come from the crypto\nindustry and start-up nation. Each member has great experience of building\nbusinesses, leading projects and running killer marketing plans. We also have\nhighly experienced advisors including Kha and Kal. We will soon announce two\nmore advisors who will add great value to our platform an<\/p>\n\n\n\n We built Yellow Road from our own experience from a\nuser, investor and business builders perspective which led us to develop an\nhigh-end IDO platform that all players in the chain can benefit from.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Sounds very promising!\n👍<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> We need such\nprojects in our space!<\/p>\n\n\n\n Mr. O:<\/strong> Yeah! We are working\nvery hard on it to be a successful project<\/p>\n\n\n\n Mr. M: <\/strong>Excellent question, so as\n@Mr_O_YellowRoad, mentioned, our talented and experienced dev team works with\nfull focus to launch our platform as soon as possible, since I can say we are\nin the final stages of Dev our platform, we have already started working on the\nfirst IDOs projects to be launched on our platform! 🙂<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> That’s great! When\ndo you expect YellowRoad platform launch?<\/p>\n\n\n\n Mr. O:<\/strong> Thanks to our great\nadvisory board and the relationship we have from key players in the industry,\nwe succeeded to accelerate our development stage, business matters and\nhopefully going to have a great launch very soon<\/p>\n\n\n\n The one million dollar question;)<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> [ 🤑 Sticker ]<\/p>\n\n\n\n Thank you, guys for your intro! We collected some\nquestions from our members for the first part😀<\/p>\n\n\n\n Are you ready for them?<\/p>\n\n\n\n Mr. M: <\/strong>Always 🙂<\/p>\n\n\n\n Mr. O:<\/strong> Bring it on<\/p>\n\n\n\n Q1 from Telegram User @Arisabela<\/em><\/strong><\/p>\n\n\n\n One of the most important things for a project to gain\nthe credibility of the community is to have a fair and equal sale of its\ntokens. In fact, Yellow Road aims to be community-backed, how do you offer fair\nlaunch a sales to the community?<\/strong><\/p>\n\n\n\n Mr. O:<\/strong> Great question. We\ncannot answer that directly because IDO terms are still not finalized, still, I\nwill try to explain our plan briefly. Yellow Road will manage its IDO on a\nrenowned IDO platform in order to gain maximum traction and awareness for the\nproject. This will assist us to built a great community in the future.<\/p>\n\n\n\n Since the initial market cap is relatively small\n($190K), the raise amount is also considerably small, but sufficient (~500K).\nTherefore, we cherry picked our Seed and Strategic investors. Only the selected\ninvestors will contribute to the project. And we have limited their allocation\nto avoid any dumps and control their ability to impact the price right after\nlisting. <\/p>\n\n\n\n For the Public rounds, we allocate $70,000, which can\nbe obtained by participating in the IDO process that we will announce very\nsoon. I can say that we are going to give a fair participation opportunity to\neach user who will be registered in the whitelist.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> So, no whales?😉<\/p>\n\n\n\n Mr. M: <\/strong>No 🙂<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong>Btw, can you\ndisclose the price for each round?<\/p>\n\n\n\n Mr.O:<\/strong>https:\/\/drive.google.com\/file\/d\/14fL6n4FZ8MiWolHSnaRM30cnbkqq25ZI\/view?usp=sharing<\/p>\n\n\n\n Everything is disclose in the one pager<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong>Yes, everything is\nclear! It’s really fair👍<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Thank you very much\nfor the answer and sharing! do you want to add something or are you ready to\nproceed to the next question?<\/p>\n\n\n\n Mr. O:<\/strong> We are ready for the\nnext one<\/p>\n\n\n\n Q2 from Telegram user @magnatech_ve<\/em><\/strong><\/p>\n\n\n\n What is YellowRoad\u2019s position in the face of the\nrecent attacks that the BSC network has had in recent days? And what plans do\nyou have to improve and provide unwavering security?<\/strong><\/p>\n\n\n\n Mr. O:<\/strong> Yellow Road\u2019s smart\ncontracts were tested several times through real life stress tests. In\naddition, we are also starting our audit process with a well-known audit firm.\nWe will soon announce the name of the firm auditing our contract. <\/p>\n\n\n\n We truly consider security as our top priority, and we\nwill use all the resources to protect our community . Our technology has\nseveral layers of security, mostly in the pools access side, which is very\nlimited to specific users. Any material changes would need double signatures. <\/p>\n\n\n\n Besides, all team members with access to sensitive\ndata or code have a dedicated machine for YellowRoad usage to implement an end\npoint detection. We also have a very strict policy for downloading\/using\nexternal files or links.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> It’s commendable\nthat you think about it! safety first! 👏<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Do you plan just\none audit or want to make audits regularly?<\/p>\n\n\n\n Mr. O:<\/strong> Basically we already\nmade the first one few weeks ago, but we will manage another one in the\nfollowing weeks from a top tier audit firm. As we develop more features we will\naudit them as well.<\/p>\n\n\n\n Development and security never end 💪🏼<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> That’s great!🔥<\/p>\n\n\n\n Thank you for your answers! Ready to proceed?<\/p>\n\n\n\n Mr. O:<\/strong> Sure<\/p>\n\n\n\n Q3 from Telegram user @Raisbelys<\/em><\/strong><\/p>\n\n\n\n One of the most striking features of YellowRoad is\nthat it is an \u201cIDO platform\u201d for Binance Smart Chain (BSC) projects only. My\nquestion is, why do you focus only on projects that belong to Binance Smart\nchain? Do you plan to support other projects from other chains in the future?\nOr will you only work with BSC?<\/strong><\/p>\n\n\n\n Mr. M: <\/strong>Well, we covered this\nquestion in a dedicated Medium article. I’ll share it here so you can read the\nbenefits of BSC compared to other layers 1 solution. <\/p>\n\n\n\n Currently, we see BSC as a real competitor to the\nruling blockchain Ethereum. It has low GAS fees, its ecosystem has grown\nsignificantly on a day to day basis and it has the support of the industry\ngiant, Binance. We think BSC is the right place to be. <\/p>\n\n\n\n Secondly, Yellow Road team, investors and strategic\nadvisors will help us to get the attention of the Binance Chain team, which\nwill help Yellow Road to be extremely mainstream in the BSC ecosystem.\nAltogether, these things will help us execute successful IDOs.<\/p>\n\n\n\n You can read more here:<\/p>\n\n\n\n https:\/\/yellowroadapp.medium.com\/why-does-yellow-road-chose-binance-smart-chain-bsc-as-their-blockchain-infrastructure-d99b07273dc7<\/a><\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Great article 👌<\/p>\n\n\n\n Btw in your opinion what event influenced the project\nthe most?<\/p>\n\n\n\n Mr. O:<\/strong> Mainly the opportunity\non the market while BSC attention and eco system grown up. The minimum fees for\ntransactions during the high fees of Ethereum made us all think how can\nbring a new IDO approach to the market.<\/p>\n\n\n\n And of course Bitcoin above $50K!!!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Ahaha! It’s a big\nstimulus 🤑<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thank you so much.\neverything is clear to me. if Mary has no additional questions, I suggest\nmoving on 😉<\/p>\n\n\n\n Mr. M: <\/strong>Perfect 🙂<\/p>\n\n\n\n Q4 from Telegram user @Derazy <\/em><\/strong><\/p>\n\n\n\n As an investor, I should be assured by trusted and\nbenefit. And you mentioned that as decentralized #IDO for #BSC, YellowRoad will\nempower investors and entrepreneurs. Can you elaborate the advantage by\nparticipating in IDO platform for BSC Projects by Yellow Road?<\/strong><\/p>\n\n\n\n Mr. O:<\/strong> Sure, good question. We\nbelieve that with the current market condition, projects need much more than\njust \u201cfunds\u201d to run the business, i.e., building a quality community, partners,\nadvisors, collaborations, marketing and partnership with leading players in the\nmarket such as Satoshi Club ;). We aim to provide an A-Z solution for those\nprojects by using our relationship, experience, and knowledge in running a\nbusiness. <\/p>\n\n\n\n In terms of investors, we check every project\nseriously and will do our utmost to accept projects that are referred by our\ntrusted partners, pass our due diligence process, and have the potential to\nbenefit their investors\/our community. Regarding marketing for our future IDOs,\nas I said, over the years, the Yellow Road founders have created excellent\nrelationships with the biggest influencers in the field. We have a list of\ninfluencers, some of whom also invested in Yellow Road and will accompany and support future IDOs on our\nplatform.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thanks 👍 <\/p>\n\n\n\n Well … could you please share your Yellow Roadmap\nwith our community😉<\/p>\n\n\n\n Mr. O:<\/strong> Sure, we detailed our\nroad map in the Deck. As we progress more action items will be added to the\nroad map.<\/p>\n\n\n\n https:\/\/drive.google.com\/file\/d\/1Mny_I4lzMijN8oB2d4sO7sDBVY1zvM4w\/view?usp=sharing<\/a><\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> rather original\nand detailed presentation! I like it😊👍<\/p>\n\n\n\n Mr. O:<\/strong> We keep some secrets to\nourselves of course 😉. Exciting things\nregards our development, ideas and business matters will be announced as we\nprogress.<\/p>\n\n\n\n Mr. M: <\/strong>Just started 🙂<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> 👍<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> I hope you can\nshare with us when it becomes possible😉<\/p>\n\n\n\n Ready to proceed to the next question?<\/p>\n\n\n\n Mr. O:<\/strong> We can make a dedicated\nAMA for each announcement 😂<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> great idea 😁👍<\/p>\n\n\n\n Mr. O:<\/strong> Lets proceed<\/p>\n\n\n\n Q5 from Telegram user @yellowchamp<\/em><\/strong><\/p>\n\n\n\n In your twitter , Yellow Road is proud to welcome the\nlead blockchain consultant of TomoChain and be the Co-Founder & COO of\nOrion Protocol, as your new strategic advisors. So in this connection, do you\nplan to collaborate TomoChain and Orion Protocol in the future? As a strategic\nadvisors, what will be their role in your platform? How essential is the role\nof a strategic advisors in Yellow Road network? Thank you<\/strong><\/p>\n\n\n\n Mr. M: <\/strong>I like your nickname\nchamp! 💫<\/p>\n\n\n\n In general, advisors have a massive impact on your\nbusiness (if you picked the right ones). They can guide, lead, and connect you\nto every place or goal you would like to bring your business to. Right now, we\nhave four advisors. We have already announced two advisors: Kha and Kal.\nBesides the fact that Kal and Kha are amazing people, we find them market\nleaders in their sector. Kal is a smart businessman, knows how to move things\nfast, and he’s well connected in the industry which helped us a lot with focus\non running our project in the initial days. He will help us spot interesting\nnew projects, trends, and changes we\nwould need to make in the future. <\/p>\n\n\n\n Kha is very tech oriented, logical and man of details.\nWhen you run a Crypto project with many technical repos, you want an\nexperienced person that can guide, direct, and think out of the box with\ntechnical solutions. Kha will also assist us with future technical aspects\nduring our due diligence on projects.<\/p>\n\n\n\n We will soon announce the names of two more advisors\n& investors that will be joining Yellow Road.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> In which direction\nyou feel that you need advises?😀 In simple words, what do you want to\nimprove the most?<\/p>\n\n\n\n Mr. O:<\/strong> Good question<\/p>\n\n\n\n Advisors its an important role in projects. Especially\nof you have an experienced board. For example: new business models, complicated\nfeatures to develop, expand the relationships and open doors for new business\nopportunities<\/p>\n\n\n\n Mr. O:<\/strong> The advisory board are\nnot managing the team but providing great inputs from their experience<\/p>\n\n\n\n Fortunately we have a great board of advisors \ud83d\ude42<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> And you already\nhave excellent advisor board 😉<\/p>\n\n\n\n Mr. O:<\/strong> Indeed!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> But there are no\nlimits for perfection 😂<\/p>\n\n\n\n Mr. O:<\/strong> Exactly<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Thank you for your\nanswers! Ready for the 6th and last question from this part?<\/p>\n\n\n\n Mr. O:<\/strong> 💪🏼<\/p>\n\n\n\n Q6 from Telegram user @AmirJosh<\/em><\/strong><\/p>\n\n\n\n With Yellow Road, each project reviewed by the team\nand must passed due diligence procedures. Do you have a list of qualifications\nneeded to pass by the client? What important factors Yellow Road are looking\nfor on a project to be able to used their IDO Platform?<\/strong><\/p>\n\n\n\n Mr. O:<\/strong> Yes, every project that\napplies for an IDO on our platform will have to pass our due diligence\nprocedure. I will state our top 3 points (out of 15) that we think are a must\nhave:<\/p>\n\n\n\n First of all, the team behind the project\u2026 a strong,\nexperienced and ambitious team can run any business even during hard times of\nthe market. <\/p>\n\n\n\n Second, is the project itself, does it interesting?\nproduct-market-fit make sense? Does it have a real use case? <\/p>\n\n\n\n And third is the token economy\/financials, which has a\nsignificant role in our decision. <\/p>\n\n\n\n We believe that projects should raise the right amount\nwith the right token economy, just like we aim for. Therefore, we will avoid\nprojects with high caps, unreasonable amounts of required funds or past funding\nrounds that put our community at risk.<\/p>\n\n\n\n At a later stage, we also plan to establish our\ngovernance model, which will include our major investors, influencers,\nadvisors, and VCs that participated in our private sale round. This group will\nbe an active partner in the decision process of choosing companies to be\naccepted for IDO on Yellow Road.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong>So, for now you\nwon’t have governance?<\/p>\n\n\n\n 👀<\/p>\n\n\n\n Mr. O:<\/strong> We do intend to have a\ngovernance to our community. But it won\u2019t be at the initial stage of the\nproject. Firstly we would need to stabilize the business with flow of projects,\nbuild the community and after that we can transfer business related decisions\nto the government.<\/p>\n\n\n\n 👁<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Understand 😀\nWe wish you fast stabilization 😉<\/p>\n\n\n\n And we came close to live part🚀<\/p>\n\n\n\n Ready for it?<\/p>\n\n\n\n Mr. O:<\/strong> 🚀🚀<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> have a coffee\nbreak for 2 minutes and a storm of questions 😁<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Let’s go 🚀<\/p>\n\n\n\n Q1 from Telegram user @\nKhaleesiTheCryptoLady<\/em><\/strong><\/a><\/p>\n\n\n\n Why naming it to ‘Yellow Roadmap’?\nWhat literally does it mean and how the story began?@Mr_mRoad and\n@Mr_O_YellowRoad<\/strong><\/p>\n\n\n\n Mr. O: <\/strong>Yellow\n= Binance color<\/p>\n\n\n\n Road = projects road to success <\/p>\n\n\n\n We wanted to provide a comfortable\nfeel to both projects and users in our community.<\/p>\n\n\n\n Q2 from Telegram user @Robotliker1<\/em><\/strong><\/strong><\/p>\n\n\n\n why orion protocol is choosen for\npartnership and strategic advisor by Yellow road<\/strong>?<\/p>\n\n\n\n Mr. M:<\/strong> We\ndidn\u2019t announce a partnership with Orion😉Still,\nwe joins Kal Ali, its co-founder. Kal knows how to move things fast, and he is\nhighly connected in the industry, which helped us a lot in choosing the best\nIDOs, onboarding relevant partnerships, future listing plans, and more.<\/p>\n\n\n\n Q3 from Telegram user @rogerass<\/em><\/strong><\/strong><\/p>\n\n\n\n how many AMA schedules or how many\nAMAs has Yellow Road done so far and what is your impression of doing AMAs in a\nparticular crypto group or community?<\/strong><\/p>\n\n\n\n Mr. O:<\/strong> This\nis our first AMA and we will have several in the following days. I can say that\nwe really enjoy the AMA in Satoshi Club and hopefully do another session soon\n\ud83d\ude42<\/p>\n\n\n\n Q4 from Telegram user @surendra040<\/em><\/strong><\/strong><\/p>\n\n\n\n What vision does Yellow road\napproaches towards UI\/UX, do you have any article for brief reading?<\/strong><\/p>\n\n\n\n Mr. O<\/strong>:\nHey good question, our vision is to make the easy to use experience for our\ncommunity. We are open for criticism, and we would listen to the community\nrecommendations for future changes. We do have a Medium article and encourage\nyou to read it.<\/p>\n\n\n\n Q5 from Telegram user @BlancaSdF<\/em><\/strong><\/strong><\/p>\n\n\n\n Are your IDOs configurable towards\nany asset class within #BSC such as $BNB, $USDT, $BUSD, etc? @Mr_O_YellowRoad<\/strong><\/p>\n\n\n\n Mr. M: <\/strong>Indeed,\nwe are building the platform to conduct our future IDOs in $BNB and $BUSD\npairs. 🙂<\/p>\n\n\n\n Q6 from Telegram user @Kushal85127930<\/em><\/strong><\/strong><\/p>\n\n\n\n Could you please give us an overview\nof your roadmap? Also please give light on events which you think will be\ncrucial for the community?<\/strong><\/p>\n\n\n\n Mr. O:<\/strong> Sure,\nroad map you can see in the Deck. Our next main events are: IDO announcement,\nlisting, partnerships and additional features we are working on that so far,\ndoes not exist for any IDO platform.<\/p>\n\n\n\n Q7 from Telegram user @KhaleesiTheCryptoLady<\/em><\/strong><\/strong><\/p>\n\n\n\n When do you plan to launch Yellow\nRoadmap token? <\/strong><\/p>\n\n\n\n Mr. M: <\/strong>Yellow\nroad token $ROAD will be launched very soon, but before our launch, have some\nadditional big announcements and progress in doing 🤝<\/p>\n\n\n\n Q8 from Telegram user @K2ice<\/em><\/strong><\/strong><\/p>\n\n\n\n In this current market condition,\nfunds alone cannot be used to run a business\/platform. Apart from funds, what\nother elements does YellowRoad use to run their platform effectively?<\/strong><\/p>\n\n\n\n Mr. O:<\/strong> We\nwill have an army of community 💪🏼, strong\nrelationships with market leaders, working closely with top influencers\nglobally and social business<\/p>\n\n\n\n Q9 from Telegram user @gansoll<\/em><\/strong><\/strong><\/p>\n\n\n\n Is Yellow Road ready for trading or\nis it still in the presale stage and where can users or investors buy or know\nthe schedule and how to access your presale?<\/strong><\/p>\n\n\n\n Mr. O: <\/strong>Yellow\nRoad hasn\u2019t launched yet. We are at the presale stage and hopefully launch in\nthe following days. You can follow us in the announcements channel to be the\nfirst to know: <\/p>\n\n\n\n https:\/\/t.me\/yellowroadIDO<\/a><\/p>\n\n\n\n Q10 from Telegram user @JoshBlaze<\/em><\/strong><\/strong><\/p>\n\n\n\n How would you leverage on community\npower to build income<\/strong><\/p>\n\n\n\n Mr. M:<\/strong> Happily,\nwe see a huge demand for being a part of yellow road, which gives us the\nprivilege to select very strategic investors to help us establish a massive\ncommunity in the very near future. 🙂<\/p>\n\n\n\n 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 For\nmore information and future AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n English Telegram group: https:\/\/t.me\/Satoshi_club\/<\/a> <\/p>\n\n\n\n Russian Telegram group: Part 2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n
Part 3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n