{"id":8726,"date":"2021-05-05T18:17:29","date_gmt":"2021-05-05T15:17:29","guid":{"rendered":"https:\/\/esatoshi.club\/?p=8726"},"modified":"2021-05-05T18:20:53","modified_gmt":"2021-05-05T15:20:53","slug":"trustpad-x-satoshi-club-ama-recap-from-4th-of-may","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/05\/05\/trustpad-x-satoshi-club-ama-recap-from-4th-of-may\/","title":{"rendered":"TrustPad x Satoshi Club AMA Recap from 4th of May"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Hello,\nSatoshi clubbers! Another AMA took place in Satoshi Club and we would like to\nintroduce to you the AMA session with our friends from TrustPad and our guests were\n@LeChiffre777 @edengram @t_ssc. The AMA took place on 4 May.<\/p>\n\n\n\n<p>The\nAMA session was divided into 3 parts with a total crypto reward pool of 500$ <\/p>\n\n\n\n<p>In\nthis AMA Recap we will try to summarise the most interesting 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>Paul Mont | Satoshi Club:<\/strong> Hello Satoshi Clubbers! Today we are excited to\nannounce our AMA session with TrustPad! Welcome to Satoshi Club&#x1f600;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> Today our guests are @LeChiffre777 @edengram\n@t_ssc!<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST: <\/strong>Hey guys! Super excited to be here.<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> Hi guys, great to be here!<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> Welcome guys! Great to have you here! &#x1f389;<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> Thanks for having us<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> How are you today guys? &#x1f601;<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nDoing well thanks &#8211; Busy!<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> We are very glad to conducting AMA with TrustPad!&#x1f60a;<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> Doing very well, thank you! Busy times, the\ncommunity is growing fast and we&#8217;re inching closer to our launch!<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> Rather splendid, how about you?<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> I can picture that, given all the hype that&#8217;s been\nbuilding up over TrustPad!<\/p>\n\n\n\n<p> Been following the news closely, witnessing an impressive community growth and support already! &#x1f389;&#x1f525;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> Guys! let&#8217;s start with the intro!<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club : <\/strong>Yes, let&#8217;s start by introducing yourselves please.\nHow did you get to be involved in crypto &amp; TrustPad?<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> Tell us please also about your position in\nTrustPad.<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> Most of the team have been in the space since\n2016\/2017 pre-bull run, coming from traditional tech and finance backgrounds.\nHaving a multi-industry background.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> You must have a great experience &#x1f44d;<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> Besides the core team\u2014very early on we decided to\npartner up with another talented team and look at how we could innvoate the\nlaunchpad space.<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nThat&#8217;s where @edengram and I came into the team<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> Yeah, we started working with the core team from\nthe start and continue to build a closer relationship with the long term in\nmind<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> How many core team members are involved with\nTrustPad?<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nWe&#8217;re very interested in the academic side of the blockchain ecosystem as well\nas using all our multi-industry experience to help advise projects and really\nturn basic ideas into long term sustainable plans with real value. I suppose\nyou could see us a group who want to encourage the adoption of blockchain\ntechnology into more of society to take advantage of the wealth of benefits its\ncan provide. We were very interested in the concept of a &#8216;rug-proof&#8217; launchpad\nas something that would really help promote this goal. Add in the multi-chain\naspect and you have a project which lowers the two main barriers to mass\nadoption &#8211; fear and lack of technology expertise.<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> We currently have 4 core team members working full\ntime on TrustPad.<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nSo there were clear synergies in our aims and we decided to really get involved\nto ensure that TrustPad achieved it&#8217;s goals as a platform<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> Thanks a lot for the intro! ready to move on to\nquestions from the community? &#x1f680;<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> and Tokenova also working very close with the core\nteam, and it has been working extremely well until now, as we share the same\nvision.<\/p>\n\n\n\n<p>Yes, of course!<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> It sounds great &#x1f44d;<\/p>\n\n\n\n<p><strong><em>Q1 from Telegram User @yellowchamp<\/em><\/strong><\/p>\n\n\n\n<p><strong>TrustPad is being released in 5 chains which are the\nEthereum,Solana,BSC,Polkadot and in Cardano. So,since your platform is\nconnected to this 5 chain,does any projects that is affiliated with this chains\nhas a chance to launch their IDO in your platform? Why do you need to connect\nwith 5 chains in TrustPad? And since you are connected with those 5 chains\nmentioned,do you have plan to integrate more chains in the future? Thank you<\/strong><\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> Sure, we\u2019ve also focused a lot on the ecosystem we\nare keen to build around the launchpad and create a more seamless experience\nfor all<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> Awesome&#x1f44f;&#x1f44f;&#x1f44f;<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club: <\/strong>I find that a user-centric approach &amp; focus is\nalmost always the best approach &#x1f609;<\/p>\n\n\n\n<p>Let&#8217;s move onto the\ncommunity questions part, shall we? &#x1f680;<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> Good question. <\/p>\n\n\n\n<p>Binance Smart Chain and\nEthereum will be integrated on day one, and we have a clear goal to integrate\nSolana, Matic\/Polygon and Cardano by Q4 2021.<\/p>\n\n\n\n<p>Multi-chain Integrations\nmakes it possible for projects to launch their IDOs simultaneously on multiple\nchains\u2014seamlessly<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nWe couldnt agree more. A launchpad is a community space with interested parties\n&#8211; We are keen to provide a great user experience for our community, an exciting\nenvironment for our strategic partners to help grow a community and bring\namazing projects to the table and very importantly for us &#8211; we want to be\nproject focussed&#8230; helping the projects who use us to launch have the best\nopportunities and build the best businesses by providing them with a wealth of\nsupport from our partners<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> I agree wholehartedly guys, Integrations and\ninteroperability are the future and you&#8217;re moving in the right way! &#x1f389;<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> It\u2019s about putting the projects first so investors\ncan trust them more, and rest assured that everyone in our ecosystem has the\nbest interests of the projects in mind. It\u2019s why we like to consider it as a\nuniversity style system &#8211; an alumni network supported by faculties<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> Brilliant, thank you for the comprehensive answer &#x1f601;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> I love that you take care of the safety of the\ncommunity.<\/p>\n\n\n\n<p>By the way, if we talk\nabout security, have you done an audit or are you planning?<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> We&#8217;ve one audit done by QuillAudits already, and\nthe second audit is currently in progress by Certik, and should be done very\nsoon.<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> It\u2019s important to build trust wherever possible in\nthis space because it is naturally rather void of the human touch, which we all\ntend to rely on to build trust organically.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> These are famous names! Thank you very much for\nsharing&#x1f44d;<\/p>\n\n\n\n<p>Ready for the next\nquestion?<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> Sure!<\/p>\n\n\n\n<p><strong><em>Q2 from Telegram User @h1drX<\/em><\/strong><\/p>\n\n\n\n<p><strong>I was reviewing your website and I was struck by two\nsections that are not yet available, staking and levels. First of all, I would\nlike you to explain to me what \u201clevels\u201d are, what role will it play in the\nproject? And finally, I would like to know a little about staking, is it going\nto bring new or unique features? Will it have advantageous features?<\/strong><\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> Levels is our term for tiers, at present we are\nworking closely with partners and harnessing academic research to consider the\nmost optimal approach before announcing more details regarding levels<\/p>\n\n\n\n<p>On top of this, we are\nexploring ways to disrupt the traditional launchpad model and enable different\naccess points to enter IDOs<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> So not only one way but different and new ways to\nenter TrustPad IDOs &#8230; It sounds great!<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> For example, TalentPad &#8211; our NFT launchpad &#8211; will have\ndrops which can reward holders of the NFT with IDO access or a level up for\ntheir current position. All of this is to be confirmed but should give an idea\nof how we are looking to disrupt the launchpad space<\/p>\n\n\n\n<p>Plus, we are looking to\npartner with a project to bring dynamic elements to IDO allocations<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nThis is key for us. As I mentioned we take an academic view of the launchpad\nspace and have identified the &#8216;pain points&#8217; such as many people being priced\nout and unable to participate. We don&#8217;t want our community to be priced out and\nmove on to the next launchpad, we have exciting ways of getting them in &#8211; to\ncater to all types of investors<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> Please tell us about the main features that you are\nproud of today&#x1f60a;<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST: <\/strong>We decided to call the different &#8220;Tiers&#8221;\nwe&#8217;ll have for &#8220;Levels&#8221;.<\/p>\n\n\n\n<p>The different levels\nwill bring you different benefits\u2014to reward loyalty. As many of you are already\naware of, a common issue and complaint with the current tier systems used by\nmany launchpads using guaranteed allocations, are the extremely small\nallocations, even for investors\/users staking a lot of tokens.<\/p>\n\n\n\n<p>This is something we&#8217;ve\nhad in mind when designing our Level system, and something we are proud to say,\nwe have addressed.<\/p>\n\n\n\n<p>An example: One of our\nlower levels\/tiers will have an interesting lottery based system using VRF\ntechnology from a very big partner that will be announced soon.<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nWhere do we start? &#x1f601;<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> Haha<\/p>\n\n\n\n<p>I\u2019m really proud of\neverything we\u2019ve accomplished so far with TrustPad. In particular the\nunderlying ecosystem that\u2019s in the works&#8230;<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> Haha, we want to know&#x1f601;&#x1f525;<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nWe&#8217;re proud to say that we&#8217;ve been able to build that strong backend network\nalready so our community will already benefit from an immense volume of\npotential projects from day one &#8211; our problem will be deciding on the best\nones!<\/p>\n\n\n\n<p>Obviously we&#8217;re keen to\nshowcase our technology as the first Mulitchain launchpad with built in safety\nfeatures for all involved<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club: <\/strong>We have a community question that will touch upon on\nthat aspect, later on &#x1f642;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> I really like the multi-chain idea a lot. it gives\na lot of freedom<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"724\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-05-04_19-28-54-1024x724.jpg\" alt=\"\" class=\"wp-image-8727\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-05-04_19-28-54-1024x724.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-05-04_19-28-54-300x212.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-05-04_19-28-54-768x543.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-05-04_19-28-54.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Here\u2019s the one pager\nbtw, if anyone fancied a gander<\/p>\n\n\n\n<p>&#x1f4af; it\u2019s all\nabout developing a seamless experience<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> Thank you very much for your answers and\nclarifications. Ready for the next question? &#x1f609;<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> I love it, looks fantastic, thanks for sharing! &#x1f601;<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> Yes!<\/p>\n\n\n\n<p><strong><em>Q3 from Telegram User @Jonahapagu<\/em><\/strong><\/p>\n\n\n\n<p><strong>Your project will be launching it\u2019s NFT Launchpad\ncalled TalentPAD and also an NFT Marketplace featuring exclusive drops from\nundiscovered and established creators\u2026 what should we be expecting from this\nlaunch, what will be the features of your NFT marketplace, will anyone be able\nto create and sell their NFT\u2019s on your marketplace, how will the creators be\nsourced, and is there a date yet for the launch of TalentPad and your NFT marketplace<\/strong><\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> Being community first this is something we are\nhappy to develop with the community and our partners. There are many models in\nplay for marketplaces, our initial vision is to showcase talent and the\ncommunity can certainly help govern that<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nIts part of the nature of DeFi and decentralised communities<\/p>\n\n\n\n<p>This does allow me to\nexplain that as a launchpad we&#8217;re keen to remain agile, we can adapt all of the\ninteractions with the platform to suit the market and the sentiment at the time<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> So community will br able to influence, for\nexample, which NFT project is gonna be showcased next on the TalentPAD\nplatform?<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\na bit more work for us as a team but ultimately this benefits the users of the\nlaunchpad<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> This is one idea being strongly considered and\nthere are examples across the market which give greater weight to the credible\ncreators already established on the platform<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> It&#8217;s truly an admiring vision! I&#8217;m sure your\ncommunity is already enthusiastic by TrustPad&#8217;s underlying philosophy! &#x1f680;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> Thank you very much for your reply! Ready for the\nnext question? &#x1f609;<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nKeep them coming!<\/p>\n\n\n\n<p><strong><em>Q4 from Telegram User @highpee<\/em><\/strong><\/p>\n\n\n\n<p><strong>One of the key features of TrustPad is that you will\nonly be launching \u201chand-picked\u201d high-quality projects. It is assuring to know\nthat you intend to prioritise quality. I wish to know who will be responsible\nfor \u201chand-picking\u201d these projects. Will this hand-picking be done solely by the\nteam or do the process involves contributions or voting from the community? What\nrug-proof mechanism will TrustPad use to secure the trust and confidence of\ninvestors that any of the handpicked projects promoted on your pads are safe\nand how will you guarantee liquidity of post-launch?<\/strong><\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> Thanks, and remember the main idea with TalentPad\nis also to be able to combine IDOs directly with the NFT space &#x1f60a;<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nAs mentioned previously the &#8216;faculty&#8217; of partners (wide ranging from large\nestablished VCs to enthusiatic newcomers in the space, from all over the globe\nand many different industries) are all on board with our vision &#8211; They&#8217;re keen\nto identify the best projects which will continue to grow and will help us to\nfind them.<\/p>\n\n\n\n<p> Ultimately the responsibilty rests with the team, but we have looked into ways in which the community may be able to help decide who to launch &#8211; we would obviously present them with the correct information.<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> Great question.<\/p>\n\n\n\n<p>We are extremely strict\n(strict vetting process) on projects launching on TrustPad. We&#8217;re all for a\n&#8220;Quality over Quantity&#8221; approach. <\/p>\n\n\n\n<p>Some of the\n&#8220;Rug-Proof&#8221; mechanisms in place are the following: Instant liquidity\nlocks on listing, at least 30% of the raised funds needs to be locked as\nliquidity for a certain amount of time. Mandatory and strict vesting of team\nand developer tokens. No proxy contracts, or minting, and obviously audited\nsmart contracts by reputable auditors before IDO. These are just some of the\nmechanisms in place.<\/p>\n\n\n\n<p>All to protect the\ninvestors.<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> Safety goes first, always. Your stakeholders will\nbe thankful for this &#x1f44d;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> this is a rather original solution&#x1f44d;<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> Always, we&#8217;re aiming to build a launchpad that\nensures the safety of all funds, for both investors and projects.<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> Thank you for the exciting answers people, ready\nfor the next question?<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> Shoot<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nplease do<\/p>\n\n\n\n<p><strong><em>Q5 from Telegram User @Hexus86<\/em><\/strong><\/p>\n\n\n\n<p><strong>With Launchpads continuing to pop up more and more\nfrequently, we\u2019re seeing a trend of difficulty in finding balance between\n\u201cguaranteed allocations\u201d for IDOs vs growing the platforms member-base. How\nwill TPAD handle this delicate balance to keep both allocations fair, and not\nend up over-saturated where members struggle to get in?<\/strong><\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> This is indeed a very common tradeoff for\n&#8220;traditional&#8221; launchpads &#x1f914;<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> This is exactly the kind of area where we are\nlooking to disrupt the launchpad space<\/p>\n\n\n\n<p>We\u2019ve been working with\nour think tank like partners to academically assess the options and find a\nhappy medium. There\u2019s no reason why a blended approach can\u2019t be used with some\nguaranteed allocation plus additional methods. We continue to explore this area\nand will likely not stop, as the market continues to evolve and the goal posts\nmove as a result<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nThis is a very difficult aspect of the launchpad space. We will be using our\nacademic background to conduct research here and develop ways to address this\nissue &#8211; hence the innovation of the launchpad system being one of our ultimate\ngoals.<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong>&nbsp; As mentioned\nearlier, we are well aware of this problem, and this is something we have had\nin mind when designing our Level\/Tier system. It&#8217;s hard to make everyone happy,\nbut we really believe we&#8217;ve found a good balance, and it will be revealed very\nsoon!<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nit needs to be long-term and sustainable to survive the bear market and create\nlegitimacy for continued growth<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> We\u2019ve also got an exciting partner on board to add\nthe dynamic element mentioned earlier, which will reward long term holders<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> It&#8217;s always possible to optimize Tiers\/Level\nsystems over time too by taking in feedback from the community<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nRecognising that different investor types have different goals is key to the\nsuccess of all launchpads<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> It&#8217;s surely gonna be a breath of fresh air and a\nwelcome innovation addressing all the common IDO issues &#x1f680; I hope you\nguys will manage to pull this off egregiously! &#x1f609;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> [04.05.21 19:54]<\/p>\n\n\n\n<p>Thank you very much for\nsuch a detailed answer!<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> Now I suggest to proceed to the last question of\nthis part&#x1f680;<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> Let\u2019s go<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> Let&#8217;s go!<\/p>\n\n\n\n<p><strong><em>Q6 from Telegram User @NataliyaKil<\/em><\/strong><\/p>\n\n\n\n<p><strong>Having looked at your tokenomics, I drew attention\nto one of the token distribution points \u2013 Black Hole. What is this section of\ntokenomics, why did you name it that way and what% does it have of the total\nsupply of tokens?<\/strong><\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> Great question, and this is another thing that\nmakes TrustPad stand out.<\/p>\n\n\n\n<p>The native token\n($TPAD) has a 2% re-distribution fee on each transaction that gets\nre-distributed proportionally between all holders of $TPAD. The fee is\nadjustable (0\u20135%)<\/p>\n\n\n\n<p>The&#8221; Black\nHole&#8221; is basically just another name for the Burn Address.<\/p>\n\n\n\n<p>2% (2M) of the total\nsupply goes to the Black Hole (burn address) on listing. This address\naccumulates more tokens on each transaction because of the re-distribution fee,\nthereby effectively removing them from circulation, this will increase the\nscarcity and value of each $TPAD over time.<\/p>\n\n\n\n<p>Dynamic Deflation\u2014adds\na highly deflationary mechanism to TrustPad &#x1f525;<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> I also read the fee is adjustable up to a 5%? How\nso? Is that democratically decided by token holders via governance?<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Clu:<\/strong> Cool sense of humor &#x1f601;&#x1f525;&#x1f525;&#x1f525;<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> Yes, so in the future the community can decide to\nremove the fee totally too, hence why it&#8217;s adjustable (0-5%)<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong> You&#8217;re really empowering your community in any\npossible way &#x1f609;<\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> Absolutely.<\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nWe&#8217;re nothing without an active community!<\/p>\n\n\n\n<p><strong>Paul Mont | Satoshi Club:<\/strong>So true, community is the heart of any project &#x1f90d;<\/p>\n\n\n\n<p> Thank you very much for the clear answers @LeChiffre777 @edengram @t_ssc !<\/p>\n\n\n\n<p> If you are ready, we can proceed with the live segment of the AMA. Time to interact with our community members &#x1f601;<\/p>\n\n\n\n<p><strong>W&#x1f525;| tokenova:<\/strong> Yes please, excited for it<\/p>\n\n\n\n<h2><strong>Part\n2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n<p><strong><em>Q1 from telegram username @dianairlangga<\/em><\/strong><\/p>\n\n\n\n<p><strong>How do you solve the massal adoption problem?<\/strong><\/p>\n\n\n\n<p><strong>Adoption in reality?<\/strong><\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nThis is a great question and something I don&#8217;t think anyone has an answer to\nyet &#8211; How do we solve the mass adoption problem?<\/p>\n\n\n\n<p>We intend to launch as\na traditional launchpad, the UX\/UI not being totally different to other\nlaunchpads out there. We need to analyse the market, analyse the space and work\nout the issues from research before we can begin to truly address them: We&#8217;re\nnot looking to implement our own solutions we are looking to solve real\nproblems<\/p>\n\n\n\n<p>Once we have done this\nwe can look at adapting our system and mapping it to &#8220;non-crypto&#8221;\nmarket desires. This way we can be the first point of contact for many people\nnew to the space by offering a safe and easy to use platform.<\/p>\n\n\n\n<p><strong><em>Q2 &nbsp;from telegram username @Mrxxxxxx12<\/em><\/strong><\/p>\n\n\n\n<p><strong>&#x2728; How do you plan to spread awareness about your\nproject in different countries where English is not spoken well? Do you have\nlocal communities for them to let them better understand about your project?<\/strong><\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nAs we mentioned. We made it our mission to be multicultural. We have already\npartnered with VCs and marketing companies speaking all major languages. We\nwill continue to work with them to get the message out there!<\/p>\n\n\n\n<p><strong><em>Q3 &nbsp;from telegram username @standardlex<\/em><\/strong><\/p>\n\n\n\n<p><strong>Is there any need for KYC before I can access\nTRUSTPAD.&nbsp;&nbsp; ?<\/strong><\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> There will be no KYC as of now. We&#8217;re also accepting\nanonymous projects, but they still need to pass our very strict vetting\nprocess.<\/p>\n\n\n\n<p><strong><em>Q4 &nbsp;from telegram username @pratze<\/em><\/strong><\/p>\n\n\n\n<p><strong>After follow today ama about TrustPad, I see that\nyour project is really good. Can you share to me how to get $TPAD token? Will\nyou have presale or&nbsp; publicsale?<\/strong><\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> Public Sale is planned for tomorrow 5th of May,\n16:00 UTC. You can still get whitelisted for the Public Sale, or just buy it on\nlisting on PancakeSwap.<\/p>\n\n\n\n<p><strong><em>Q5 from telegram username @arboledae<\/em><\/strong><\/p>\n\n\n\n<p><strong>Could you tell us what you consider the most\ninteresting about your project?<\/strong><\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nPersonally, not speaking for the project as a whole, I feel the most\ninteresting aspect is the back end of the launchpad. We were overwhelmed with\nsupport from experts in the blockchain community who shared our mission of\nlegitimising blockchain technology. I&#8217;ve met some incredibly interesting people\nand taking advantage of everyone&#8217;s experience to really develop some of the\nprojects that launch through us will be a pleasure &#8211; we want to make sure our\ncommunity is investing in worthwhile projects that address the fundamentals&#8230;\nnot just pump and dumps! (our alumni system will ensure this)<\/p>\n\n\n\n<p>+ it has been very\nrewarding building that network and developing our ecosystem in a highly\nconstructive manner<\/p>\n\n\n\n<p>This gives us a lot of\nconfidence in the sustainability of TrustPad<\/p>\n\n\n\n<p><strong><em>Q6 &nbsp;from telegram username @arboledae<\/em><\/strong><\/p>\n\n\n\n<p><strong>what is your biggest incentive?<\/strong><\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nThe moon is pretty big!<\/p>\n\n\n\n<p>Haha jokes aside we&#8217;re\ndriven by the idea of making a safe environment so we can attract projects that\nwill use blockchain technology to improve society.<\/p>\n\n\n\n<p>Incentive for people to\ninvest in TPAD would be so that they are part of this movement and get access\nto these projects. To make good, sustainable long term returns whilst funding\nprojects with clear causes.<\/p>\n\n\n\n<p><strong><em>Q7 from telegram username @Rrrrrrrrrzzz1<\/em><\/strong><\/p>\n\n\n\n<p><strong>Some DeFi projects were recently \u201chacked\u201d as per\ntheir explanations. How do you think these recent events on other DeFi products\naffects the trust by users? What can Your Project do in order to ensure crypto\nenthusiasts that DeFi is safe and reliable?<\/strong><\/p>\n\n\n\n<p><strong>LE CHIFFRE @TrustPad &#8211; WILL NEVER DM YOU FIRST:<\/strong> That is actually one of the main reasons why we\ndecided to launch TrustPad\u2014to ensure the funds of investors and projects. A lot\nof these &#8220;hacks&#8221; or &#8220;rugs&#8221;&nbsp;\nhappened because of smart contract vulnerabilities, pulling\nliquidity\/not adding enough liquidity or not properly vested team or developer\ntokens. We have strict measures in place to protect investors as much as\npossible against these types of &#8220;hacks&#8221;, and it&#8217;s obviously a big\npart of our vetting process.<\/p>\n\n\n\n<p><strong><em>Q8 &nbsp;from telegram username <\/em><\/strong>&nbsp;<strong><em>@haine123<\/em><\/strong><\/p>\n\n\n\n<p><strong>What motivated you to do the MEME \/ Gif competition?<\/strong><\/p>\n\n\n\n<p><strong>What is the purpose?<\/strong><\/p>\n\n\n\n<p><strong>S | tokenova:<\/strong>\nWe don&#8217;t like the idea of &#8216;hype&#8217; but it is important for our community, for our\npotential projects and for our investors to raise awareness&#8230; why not do this\nin a fun way??<\/p>\n\n\n\n<h2><strong>Part 3 \u2013 Quiz Results<\/strong><strong><em><\/em><\/strong><\/h2>\n\n\n\n<p>As usual, for the third\npart, Satoshi Club Team asked the chat 4 questions about the crypto project. A\nlink to a Quiz form 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><\/p>\n\n\n\n<p>Telegram: <a href=\"https:\/\/t.me\/TrustPad\">https:\/\/t.me\/TrustPad<\/a><\/p>\n\n\n\n<p>Twitter: <a href=\"https:\/\/twitter.com\/TrustPad\/\">https:\/\/twitter.com\/TrustPad\/<\/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 TrustPad and our guests were @LeChiffre777 @edengram @t_ssc. The AMA took place on 4 May. The AMA session was divided into 3 parts with a total crypto reward pool of [&hellip;]<\/p>\n","protected":false},"author":66,"featured_media":8574,"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\/8726"}],"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=8726"}],"version-history":[{"count":3,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/8726\/revisions"}],"predecessor-version":[{"id":8730,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/8726\/revisions\/8730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/8574"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=8726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=8726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=8726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}