<\/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 Pinknode and our guest was @ericpnode who is the co founder and CEO of Pinknode. The AMA took place on 10 April.<\/p>\n\n\n\n
The AMA session was divided into 3\nparts with a total crypto reward pool of 500$ <\/p>\n\n\n\n
In this AMA Recap we will try to\nsummarise 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 Pinknode! Welcome to\nSatoshi Club😀<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Hello, dear\nSatoshi Club!😀<\/p>\n\n\n\n Today our guest is @ericpnode!<\/p>\n\n\n\n EP Pinknode:<\/strong> Good day everyone!<\/p>\n\n\n\n Mary | Satoshi Club : <\/strong>Welcome here 😀<\/p>\n\n\n\n How’s going?<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Hello and welcome\nto Satoshi Club, @ericpnode!😃<\/p>\n\n\n\n EP Pinknode:<\/strong> Really excited for our\nfirst AMA \ud83d\ude42<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Let’s start!<\/p>\n\n\n\n Introduce youreself please. How did you get to be\ninvolved in crypto & Pinknode?<\/p>\n\n\n\n Tell us please about yourself and your position in\nPinknode.<\/p>\n\n\n\n we are also very excited about the upcoming AMA😊<\/p>\n\n\n\n EP Pinknode:<\/strong> Sure<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> I really like your\navatar btw 😍<\/p>\n\n\n\n EP Pinknode:<\/strong> My name is Eric, I’m the\nco founder and CEO of Pinknode.<\/p>\n\n\n\n I started my career in banking, left shortly after to\npursue entrepreneurial interests, namely in digital marketing, e-commerce\nstartup and corporate finance.<\/p>\n\n\n\n I have been an investor in the crypto space since\n2014, but only started going full time into crypto 2020. <\/p>\n\n\n\n That was when I chanced upon an article about\nblockchain infrastructure service provider Infura and it’s vital role is to the\nblockchain space. <\/p>\n\n\n\n After multiple conversations with investors,\nblockchain experts and technologists, Pinknode was born.<\/p>\n\n\n\n Thank you! \ud83d\ude42<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> What is main idea\nbehind Pinknode?😀<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> great journey 7\nyears long 😁 And a great\nbackground👍<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> 👀<\/p>\n\n\n\n EP Pinknode:<\/strong> Pinknode is an\ninfrastructure-as-a-service project that provides API endpoints and node\noperation services to developers and projects on the Polkadot protocol. <\/p>\n\n\n\n Infrastructure support is vital for the healthy growth\nof any network, and we’re positioned to accelerate the adoption of Polkadot.<\/p>\n\n\n\n In essence, we are ‘Infura for Polkadot, the gateway\nto the Polkadot network.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> How long does it\ntake to develop a project? What plans do you have for the future? And what can\nwe expect from Pinknode?<\/p>\n\n\n\n EP Pinknode:<\/strong> We have been working on\nPinknode for past 3 months, and we are at the final stages of finalizing our MVP.<\/p>\n\n\n\n At the moment, our team is laser focused on getting\nour first version ready and bringing our services out to projects. <\/p>\n\n\n\n We are already in talks with a number of projects.<\/p>\n\n\n\n Some of the features we planned includes, parachain\nonboarding, DAO governance, decentralization of node network, fractional node\nownership.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> A lot of features!\nYou made a great job! Did you already tested your services?<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thanks a lot for\nthe intro! 😃<\/p>\n\n\n\n EP Pinknode:<\/strong> Also, we have finished\nour private round and in the final stages of our IDO discussions. \ud83d\ude42<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Wow! Excellent👏👏👏<\/p>\n\n\n\n EP Pinknode:<\/strong> We are in talks with a\nfew strategic partners to work with Pinknode once we are launched.<\/p>\n\n\n\n The platform is currently in closed beta and going\nthrough internal testing.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Gotcha! Thanks 👍<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> many thanks! you\nhave done a great job and there is even more to come!😊<\/p>\n\n\n\n We have questions from the community ahead😉<\/p>\n\n\n\n EP Pinknode:<\/strong> 👌👌<\/p>\n\n\n\n Thank you!<\/p>\n\n\n\n Q1 from Telegram user @johana0012 <\/em><\/strong><\/p>\n\n\n\n As we all know in the DeFi world Polkadot is renowned\nfor having been dominating the multiple open source chains. But, the current\nsupport infrastructure is lacking and that represents a great challenge for\nboth projects and users. What solutions does Pinknode bring? What is Pinknode\u2019s\ngoal to solve this inefficiency?<\/strong><\/p>\n\n\n\n EP Pinknode:<\/strong> Being the first Polkadot\nfocused infrastructure project, we are positioned to grow together with the\nnetwork. <\/p>\n\n\n\n At first we will be running full nodes for both\nPolkadot and Kusama, and providing API endpoints for working projects.<\/p>\n\n\n\n Once the network’s auctions are live, we will be\nsetting up collator nodes for the parachains for more comprehensive coverage.<\/p>\n\n\n\n “Project teams would also stand to benefit from Pinknode, as each node is intended to function as a collator, increasing the decentralisation and security of their parachain. Additionally, by streamlining the onboarding process for developers, the rate of adoption for project teams would be improved dramatically, as community developers and service providers increase access to their userbase. This would also reduce the workload of project teams, as supporting infrastructure (explorers, wallets, etc.) would be handled by external parties, which would allow them to focus on their core business model or layerone technical stack.\u201d <\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> When do you plan\nto go live?<\/p>\n\n\n\n EP Pinknode:<\/strong> We are looking planning\nour IDO for early to mid May. <\/p>\n\n\n\n Please follow our announcement channel @pinknodeANN\nfor more updates! \ud83d\ude42<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Super! Just some\nweeks left! Satoshiclubbers, follow Pinknode 🎉🎉🎉<\/p>\n\n\n\n Thank you for your answers! Ready to proceed?<\/p>\n\n\n\n EP Pinknode:<\/strong> Let’s do it! 🚀🚀<\/p>\n\n\n\n Q2 from Telegram user @dudeiebitch<\/em><\/strong><\/p>\n\n\n\n Going through\nyour services enlightened me on your ease of work\/interoperability access for\ncomputer developers and expert, i will like to know how normal users like us\ncan gain from the platform and how we can really make use of the pinknode\nplatform.<\/strong><\/p>\n\n\n\n EP Pinknode:<\/strong> There are a few ways\nusers can participate, such as:<\/p>\n\n\n\n 1) governance of the platform – nominating parachains\nto onboard<\/p>\n\n\n\n 2) fractional node ownership <\/p>\n\n\n\n 3) staking into foray of digital tokens from our nodes<\/p>\n\n\n\n We will also be running a variety of campaigns for our\necosystem.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> How will staking\nwork?<\/p>\n\n\n\n EP Pinknode:<\/strong> One of the ideas we’re\nexploring, is to allow our token holders to vote on the onboarding of\nparachains before we run nodes. <\/p>\n\n\n\n We will have mulitple smart contracts and our holders\ncan stake their $PNODE into projects they want to support.<\/p>\n\n\n\n The rewards from the parachain will be airdropped back\nto $PNODE stakers.<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Nice! Good\nincentives!<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Sounds good👍<\/p>\n\n\n\n Thank you for the clarification! ready for the next\nquestion?<\/p>\n\n\n\n EP Pinknode:<\/strong> Yes @ericpnode<\/p>\n\n\n\n Q3 from Telegram user @Michelth<\/em><\/strong><\/p>\n\n\n\n Pinknode aims to eliminate an entire layer of\ninefficiencies and complexities to accelerate the life cycles of its products.\nWhat are the various uses of the $ PNODE token? How is network security\nsupported? Are PNODE also used for the incorporation of new parachains?<\/strong><\/p>\n\n\n\n EP Pinknode:<\/strong> The various use cases of\n$PNODE include: <\/p>\n\n\n\n ACCESS network via ownership or payment with $PNODE<\/p>\n\n\n\n STAKING $PNODE tokens for API access, securing of\nnetwork, optimisation of relays and community campaigns<\/p>\n\n\n\n GOVERNANCE of Pinknode, for onboarding of new\nparachains, role of nodes etc.<\/p>\n\n\n\n We are also considering a burn model to further\nenhance the value of $PNODE<\/p>\n\n\n\n For external network security, we are implementing SSL\nand DDOS protection. For internal network security, we have setup firewalls to\nblock out external traffic.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thanks for the\nanswer! Btw.. Continuing on the topic of security, did you an audit? If not, is\nit planned for the future?<\/p>\n\n\n\n EP Pinknode:<\/strong> We are working with\nreputable cloud providers that has been certified, for our node operations .<\/p>\n\n\n\n On the crypto side of things, token mint contracts and\nfuture governance contract will be audited.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> We will wait for\nyour announcements😀<\/p>\n\n\n\n Thank you for your answers! Ready to jump to the next\nquestion?<\/p>\n\n\n\n EP Pinknode:<\/strong> Lets go!!<\/p>\n\n\n\n Q4 from Telegram user @h1drX<\/em><\/strong><\/p>\n\n\n\n According to the roadmap, the third quarter of 2021,\nyou will be launching a PNODE governance contract, you will incorporate users\nand parachutes, can you explain a little what these implementations consist of?<\/strong><\/p>\n\n\n\n EP Pinknode:<\/strong> Previous answer<\/p>\n\n\n\n (https:\/\/t.me\/Satoshi_club\/659050)This has\nbeen mentioned, we are expecting Polkadot’s auction to go live soon and\nimplementing this governance initiative.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> It’s interesting\nfor me how many people are now working on Pinknode project?<\/p>\n\n\n\n EP Pinknode:<\/strong> 5 currently – Myself, my\nCTO, project manager, front end dev and back end dev. We are always looking for\nmore talents to join us!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Sure!👍 Btw, is team public?<\/p>\n\n\n\n Gold Rocket | Satoshi Club : <\/strong>not a very big but\nfriendly team. 🤝<\/p>\n\n\n\n EP Pinknode:<\/strong> Yes my linkedin is here <\/p>\n\n\n\n (https:\/\/www.linkedin.com\/in\/eric-poh\/)Our\ncore team is also listed on our website.<\/p>\n\n\n\n EP Pinknode:<\/strong> We actively looking out\nand expecting to grow!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> 👍 that’s great!<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Pay attention to\nSatoshi Clubbers!🙌<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Thank you for your\nanswers! Ready for the next question?<\/p>\n\n\n\n EP Pinknode:<\/strong> 👌👌<\/p>\n\n\n\n Q5 from Telegram user @FZayyid<\/em><\/strong><\/p>\n\n\n\n It is\ninteresting project from Pinknode that support innovators and startups with\ntheir service. Does Pinknode apply specific requirements to be eligible on the\nservice? Do innovators need to apply for a proposal?<\/strong><\/p>\n\n\n\n EP Pinknode:<\/strong> We welcome everyone who\nwants to build on Pinknode.<\/p>\n\n\n\n With larger scale projects, we’ll definitely be more\ninvolved onboarding process to ensure that we cover their needs.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> That’s great! Do\nyou already have some partnerships?<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> earlier you\nmentioned some partnerships and collaborations.<\/p>\n\n\n\n EP Pinknode:<\/strong> We have a few in the\npipelines and finalizing the details. We will be announcing them soon!<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Let’s look forward\nto the news!<\/p>\n\n\n\n Ready for the next question?<\/p>\n\n\n\n EP Pinknode:<\/strong> I am always ready<\/p>\n\n\n\n Q6 from Telegram user @Andrey_Seleznov<\/em><\/strong><\/p>\n\n\n\n PinkNode is\nplanning to distribute only 1.14% to the public sale. Why such a small amount?\nDon\u2019t you agree that the more you offer to the public round the higher will be\npublic awareness about the project and later adoption?<\/strong><\/p>\n\n\n\n EP Pinknode:<\/strong> 😁<\/p>\n\n\n\n Given that we are a small cap project, the amount\nraised is small. We don’t want to over raise, hence the amount we’re raising is\nsufficient for planned runway. <\/p>\n\n\n\n We have set aside a sizable amount for ecosystem and\ncommunity, so eventually we are planning to distribute these tokens through\ncampaigns for our supporters.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Which hard cap you\nplan to raise?😀<\/p>\n\n\n\n Also, did you already choose how you will sell your\ntokens? Which platform you will use for this?<\/p>\n\n\n\n