We were delighted to welcome our guest from soar.fi. The AMA took place on April 30h, 2021 and our guest was @iamnotstatic .<\/p>\n\n\n\n
The total reward pool was 500$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n
Gold\nRocket | Satoshi Club: <\/strong>Hello, dear community! We\nare pleased to announce AMA with soar.fi<\/p>\n\n\n\n D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>hello Satoshi Club! and today\nour guests – @SoarDev and @iamnotstatic\n! hello guys!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Hello and welcome to Satoshi\nClub☺️<\/p>\n\n\n\n 0xDev:\n<\/strong>Hello. <\/strong>Thank you for\ninvitation!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>We are very glad to\nconducting AMA with Soar.Fi!<\/p>\n\n\n\n 0xDev:\n<\/strong>Glad to be here and answer all questions about our\nawesome project:)<\/p>\n\n\n\n D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>oh hello!<\/p>\n\n\n\n D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>good to have you in our club! 😊let’s go then! we will start\nwith intro, as usual 😉 so please introduce yourself\nand tell us a bit about soar.fi 😇<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>we are also very excited\nabout the upcoming AMA and look forward to hearing from you as much information\nas possible about your project🚀🚀🚀<\/p>\n\n\n\n 0xDev:\n<\/strong>I am the Lead developer in SOAR.FI project\nresponsible for product developments, security, and engineering along\n@iamnotstatic. I am working for more than 8 years in product engineering and\nsecurity and 4 are dedicated to blockchain and crypto space.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Great background 👍<\/p>\n\n\n\n D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>cool! soar.fi is not your first crypto\nproject i assume?<\/p>\n\n\n\n 0xDev:\n<\/strong>As a developer, I have worked on multiple other\nprojects as well. So, no it is not the first one. \ud83d\ude42<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>So what is the essence of\nsoar.fi ?<\/p>\n\n\n\n 0xDev:\n<\/strong>SOAR.Fi is a decentralized framework for liquidity\ncontrol.<\/p>\n\n\n\n SOAR is building a novel product called the\nLiquidity Migrator, which at its core is a smart contract that allows the\nseamless swap of liquidity from one pool to another. Its primary purpose is to\nmerge residual liquidity across Uniswap and become an ever-increasing liquidity\nshelter for the Ethereum community.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>it sounds very much in the\nspirit of the times and crypto trends😉 Also we\nwould like to know about your team. Who is on the project team?<\/p>\n\n\n\n 0xDev:\n<\/strong>Glad that you asked about this!<\/p>\n\n\n\n SOAR.FI is constantly expanding its team to\nhandle the development load. At the moment we are 5 in total + community\nmembers that are taking care of chat while we are working on product\ndevelopment. <\/p>\n\n\n\n By the way, in case there are any talented\nwith (proven experience) members in the Club, let us know by emailing us with\nyour CV to work@soar.fi! \ud83d\ude42<\/p>\n\n\n\n D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>awesome! Satoshi clubbers don’t miss\nyour chance to find a good and interesting job 😉😊<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>a good team is the key to\nsuccess! 🚀<\/p>\n\n\n\n 0xDev:<\/strong>\ud83d\ude42<\/p>\n\n\n\n D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>@SoarDev thank you for the good intro!\nare you ready to start with community questions?<\/p>\n\n\n\n 0xDev:\n<\/strong>Let’s go! \ud83d\ude42<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>thank you very much for the\ngreat intro!<\/p>\n\n\n\n Q1 from Telegram user @johana0012<\/em><\/strong><\/p>\n\n\n\n The sharp rise of new protocols has put\ncryptocurrencies in a new light, paving the way for users and institutions to\nparticipate in this new decentralized journey. \nWhy did you decide to launch $ SOAR without fundraising or\npre-marketing? How will you provide\nliquidity to investors? How will the\nfunds be distributed?<\/em><\/p>\n\n\n\n 0xDev:\n<\/strong>Our vision was to build a project from the ground\nup into something with a high impact and significance in the DeFi ecosystem. It\nalso made no sense to market our product as a “Liquidity Absorber”\nand raise money for liquidity. Even if I knew it could turn out to be a bumpy\nroad, I decided to cover the initial expenses and start from the ground up as I\nstrongly believe in the team I’ve assembled to build the products. So far, it\nexceeded our expectations, and we are pleased to have a healthy and organic\nfoundation built before we launch our main products.<\/p>\n\n\n\n We are entering the era of anonymous\ncryptocurrency projects, where the only element that matters is product\ndelivery. Anonymity is a right in the cryptocurrency space, and it should be\nrespected by every party involved in a project. \ud83d\ude42<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>It makes sense..<\/p>\n\n\n\n D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>totally agree about anonymity 👍 how did you promote your project after the launch? or all you did is\nyou just listed project on uniswap and people started buying?<\/p>\n\n\n\n 0xDev:\n<\/strong>We were amazed by the amount of interest the\nproject had literally after it was listed on Uniwap, I guess it was easy for\ninvestors to find all info they need because the token name has the website\nlink matching!<\/p>\n\n\n\n It took off really fast!<\/p>\n\n\n\n Recently we have launched the Incentivized\ncommunity marketing (Awareness Pool) where we allocated 50k USD worth of tokens\nto incentivize the community and create original content about the vision of\nSOAR. <\/p>\n\n\n\n So, again, if any of the members of this\nclub has amazing skills, check it out!:)<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Well, thanks for great\nanswers! Ready for the next question? 🚀<\/p>\n\n\n\n 0xDev:\n<\/strong>Yep!<\/p>\n\n\n\n D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>👍<\/p>\n\n\n\n Q2 from Telegram user @Korryl <\/em><\/strong><\/p>\n\n\n\n I read that User possible to holding LP\ntokens to migrate their LPs\u2019 liquidity to SOAR by effortlessly swapping them\nusing the Migrator. Can you explain what is this Liquidity Pool Migrator? And\nhow this Liquidity Migrator mechanism work?<\/em><\/p>\n\n\n\n 0xDev:\n<\/strong>The Liquidity Migrator is a unique smart contract\nthat allows seamlessly swapping the liquidity from one pool to another.<\/p>\n\n\n\n In short, it calculates automatically how\nmuch ETH your LP is worth, and based on logic found on\nhttps:\/\/research.soar.fi\/liquidity-migrator , it market buys SOAR and provides\nliquidity in just one transaction, so you don’t have to worry about multiple\noperations. You can check more in the documentation mentioned before to see it\nin depth. \ud83d\ude42<\/p>\n\n\n\n D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>thanks this is a good instruction! sadly\ndidn’t read your docs before AMA 😁 need to check later !<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>as far as I understand this\nis a win-win option😉<\/p>\n\n\n\n 0xDev:\n<\/strong>Yep, it is unique, and no such tool existed before!<\/p>\n\n\n\n But now, it is open-sourced in our GitHub.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks a lot for the\nclarification! Do you want to add something or can we proceed to the next\nquestion?🚀<\/p>\n\n\n\n D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>so other projects can do fork from you,\nif they want?<\/p>\n\n\n\n 0xDev:\n<\/strong>You can use and see it here: www.migrate.soar.fi<\/a>. Yes, anybody can\nfork the contracts.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Awesome 👍<\/p>\n\n\n\n D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>thank you for answer! we proceed to the\nnext question😊<\/p>\n\n\n\n Q3 from Telegram user @Fkarlos<\/em><\/strong><\/p>\n\n\n\n SOAR is an ERC-20 with a frictionless\nyield generator mechanism that applies a 1% fee on each transfer and instantly\ndistributes the fee among holders. This\nis the easiest way to bet that exists today. \nDo you mean that by this, Holders don\u2019t need to deposit tokens anywhere\nand wait for fees to be delivered? What\nother positive attributes does the $SOAR token present? Based on what fees are awarded and how long\ndoes it take to be reflected in the status of a $SOAR token holder? Will they implement some kind of $SOAR\ninflation?<\/em><\/p>\n\n\n\n 0xDev:\n<\/strong>We are constantly improving the LM but we hope it\nwill be used to surround SOAR, the future developments.<\/p>\n\n\n\n 0xDev:\n<\/strong>On it now. With frictionless yield rewards you don’t need\nto stake your tokens, the yield is distributed instantly to anyone holding\ntheir SOAR tokens in an ERC20 compatible wallet. <\/p>\n\n\n\n Here the tax is 1% that means that 1% of\neach transaction is taken as a tax and redistributed proportionally amongst all\nthe holders.<\/p>\n\n\n\n It doesn’t imply any inflation since the\ntotal supply of SOAR tokens is fixed (10millions) but we took it as a nice\nmechanism to reward our holders.<\/p>\n\n\n\n Other than that, SOAR is the main token of\nthe ecosystem and it will have plenty of attributes with the full release of\nthe volume harvester and the other last ecosystem elements that are on track.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>By the way, share your\ntokenomics with us please😉<\/p>\n\n\n\n D.\n\u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>this way of ‘staking’ that we all can\ndream of, i think everyone will agree that this is super convenient, without\nneed to stake and lock your token on some platform or wallet 👌<\/p>\n\n\n\n 0xDev:\n<\/strong>Tokenomics can be seen by accessing https:\/\/soar.fi<\/a> and clicking the top\nright corner button (Tokenomics & Transparency Report).<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong><\/p>\n\n\n\n thanks for sharing! 👍<\/p>\n\n\n\n 0xDev:<\/strong>\ud83d\ude42<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>I also know that you have\nsuccessfully passed the audit! Can you also share with our community? 😊<\/p>\n\n\n\n 0xDev:\n<\/strong>Sure!<\/p>\n\n\n\n 0xDev:\n<\/strong>Hacken.io is one of the leading security consulting\ncompanies and auditors in the cryptocurrency space. We have met an agreement to\nperform a security audit for all of our further smart contracts.<\/p>\n\n\n\n https:\/\/hacken.io\/wp-content\/uploads\/2021\/01\/SOAR_SC_Audit_Report270121.pdf<\/a><\/p>\n\n\n\n