<\/p>\n\n\n\n
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 Samecoin and our guests\nwere @kurto0 @Frrrsu. The AMA took place on 14 May.<\/p>\n\n\n\n
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
Gold Rocket | Satoshi Club:<\/strong> Hello again, dear Satoshi Club!<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> AMa time! We are happy to be here with you<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> We are pleased to announce our next AMA with\nSamecoin!<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Today our guests are from Samecoin project:<\/p>\n\n\n\n @kurto0<\/p>\n\n\n\n @Frrrsu<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> Hello everyone! really excited to be here for this\ngreat AMA<\/p>\n\n\n\n Guy Frrr:<\/strong>\nHi everyone<\/p>\n\n\n\n 🤟🤟<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> [ 🤗 Sticker ]<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Hello and welcome to Satoshi Club👋<\/p>\n\n\n\n @kurto0<\/p>\n\n\n\n @Frrrsu how are you\ndoing?😊<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> Doing real good, thanks! Excited to finally meet\nthe Satoshi club community and to answer some questions<\/p>\n\n\n\n Guy Frrr:<\/strong>\nAll is well, wish we have a wonderful AMA:)<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> It’s an honor for us to have you here<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> We are also very excited about the upcoming AMA and\nhappy to have you here today.😊<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> For sure😃<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Let’s start!<\/p>\n\n\n\n Introduce yourself\nplease. How did you get to be involved in crypto & Samecoin?<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> Personally, I’ve been involved in crypto since\n2014, so almost 8 years now. Saw all bear and bull markets, saw projects become\nsuccessful and some also die.<\/p>\n\n\n\n Guy Frrr:<\/strong>\nThis is Frank, I’ve been involved in crypto for more than 4 years, and now is\none of the core product designer of Samecoin project.<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> The Samecoin team as a whole came together from\nfriends of friends, so we see it all as a very great coincidence! All of the\noriginal team members consider themselves co-founders essentially and we’ve\nbecome a small family through this project over the past year.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Wow! You are an early bird! Excellent background\nfor crypto business👏<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Yes, great background👍<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Developers are the core of the project!👍<\/p>\n\n\n\n Small friendly crypto\nfamily ❤️<\/p>\n\n\n\n Also we would like to\nknow about your team. Who is on the project team?<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> You can find out more about our team in the team\nsection at https:\/\/samecoin.com\/ 🙂 We haven’t yet announced the whole\nteam as we are slowly onboarding new additions these next weeks!<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Btw, Samecoin is brand new in the crypto space, and\nwe’ve seen a few AMAs that the team is doing already, what other promotions\nhave you planned for your community?<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thanks a lot for the clarification!<\/p>\n\n\n\n Guy Frrr:<\/strong>\nFirst of all, there will be more AMAs on the road in the next month.<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> Great question! We are launching a new community\nincentive program to reward our early bird Samecoin community members.<\/p>\n\n\n\n Details of it will be\navailable in our community channel @SamecoinANN, chat group @Samecoin and our\nTwitter. Please make sure you follow us there for more information.<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> [14.05.21 21:01]<\/p>\n\n\n\n we also have an ongoing\ngiveaway at https:\/\/gleam.io\/3sjrq\/samecoin-giveaway-1<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Let’s join Satoshiclubbers, great opportunity to\nwin rewards🥳<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Subscribe, Satoshi Clubbers! 😊<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Thank you so much for this great introduction. We\nhave collected some community questions, ready to proceed?<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> let’s rock!<\/p>\n\n\n\n Q1 from Telegram User @Pratze<\/em><\/strong><\/p>\n\n\n\n Before Samecoin protocol launched, I read that you\nwill be doing Private sale for the community. So can you tell us more about\nyour private sale? When is it and what is the requirement to become whitelist\nif Samecoin private sale<\/strong>?<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thanks for the great intro guys!<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> Yes, correct there will be a private sale!<\/p>\n\n\n\n At the moment we do not\nhave any additional public announcements about it, but join our telegram\nchannel to be the first in line to hear about any – @SamecoinANN<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Is there a whitelist to join?<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> not for the time being<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Got it, please don’t forget to share with our\ncommunity the coming announcements😃<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> definitely will!<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Any additional info to add or we can proceed with\nthe next question?<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> also make sure to check out our Medium for more\ndetails on the scope of Samecoin – https:\/\/samecoin.medium.com\/<\/p>\n\n\n\n next question!<\/p>\n\n\n\n Q2 from Telegram User @NataliyaKil<\/em><\/strong><\/p>\n\n\n\n Samecoin brings us a dual system of cryptocurrencies\nto simplify payments and fees for online payments and more\u2014aiming to\nrevolutionize online payments. Samecoin ecosystem has been built with digital\npayments in mind, and offers a huge range of benefits that unite the best parts\nof both crypto and fiat. So, what does Samecoin\u2019s dual system look like, what\nare its benefits for the user? What problems does it help to solve?<\/strong><\/p>\n\n\n\n Guy Frrr:<\/strong>\nSamecoin is the utility token of the ecosystem. It\u2019s a medium through which the\nSamecoin Protocol can enforce governance, reward users, incentivize activity,\nand provide a medium to raise capital.<\/p>\n\n\n\n SameUSD\/SameEuro is\nbacked by a reserve in the form of a basket of widely accepted\nstablecoins(USDT, USDC and BUSD). This means the size of the reserve can easily\nbe verified by anyone, while making sure that no single stablecoin has a\nmajority share of our reserves.<\/p>\n\n\n\n Done<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thank you very much for your answers!<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> What is the main benefit for long term holders?<\/p>\n\n\n\n Guy Frrr:<\/strong>\nwe have planned a serious products for Samecoin protocol which will make the\nSamecoin as the core value in these ecosystem<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> Our adoption strategy focuses on making sure\nSamecoin has valuable use across several partner products. This makes Samecoin\na clear long-term project which is set to keep growing as more products start\nsupporting and incentivising the use of Samecoin and the family of stablecoins.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Great, now can you tell us the tokenomics of\nSamecoin? How is the token distribution?<\/p>\n\n\n\n Guy Frrr:<\/strong>\nLike many other cryptocurrencies, the supply of Samecoin tokens is also\nlimited. This means that, according to the Samecoin protocol\u2019s rules, there\nwill only ever be 100 million Samecoins.<\/p>\n\n\n\n 64% of it will be\nrewarded to the community(Liquidity Providers & DAO), 36% will be\ndistributed to Seed Fund Investor, IDO, \nIEO, Advisors and Team.<\/p>\n\n\n\n As a DeFi project, the\n32% of Samecoin will reward those who contribute to the community. Based on the\ndifferent smart contracts, the distribution also differs. <\/p>\n\n\n\n -Mint 4.6%<\/p>\n\n\n\n -Save 9.4%<\/p>\n\n\n\n -LP Stake 18%<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Thanks for\nshare it, would you like to add something before the next question?<\/p>\n\n\n\n Guy Frrr:<\/strong>\nThat’s all<\/p>\n\n\n\n Q3 from Telegram User @Johana0012<\/em><\/strong><\/p>\n\n\n\n While the Samecoin ecosystem has a family of coins\nlike SameUSD and SameEURO that have been built with stability in mind for the\nonline payments industry, can the Samecoin utility token also be used to pay\ntransaction fees? ? Can Samecoin be\nearned as a reward for using the system or purchased through fundraising\nsales? What are the main uses of\nSamecoin? Detail how many tokens\nSamecoin has at its disposal?<\/strong><\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> Great question! Samecoin can be used as an\nalternative way to pay for transaction and trading fees on apps which we are\nbuilding with our partners. SamePay is the first one we\u2019ve announced so far.<\/p>\n\n\n\n Samecoin can be\nreceived as rewards for interacting with the Samecoin Protocol which is our\nDeFi platform that allows the minting of SameUSD, as well as savings, staking\nand governance. Samecoin can also be purchased directly during our fundraising\nrounds. As previously mentioned, Samecoin has a total supply of 100 Million.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Btw, how we will be able to buy Samecoin and how is\nthe LP mining process?<\/p>\n\n\n\n Guy Frrr:<\/strong>\nAs the beginning, we will planned to launch the Samecoin-BNB LP pancake on BSC,\nand then you can buy Samecoin here.<\/p>\n\n\n\n And then LP Stake &\nmining will start in our dapp<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thanks for your answers! Ready to proceed to the\nnext question? Or would you like to add something?<\/p>\n\n\n\n Guy Frrr:<\/strong>\nThats all<\/p>\n\n\n\n pls next<\/p>\n\n\n\n Q4 from Telegram User @yellowchamp<\/em><\/strong><\/p>\n\n\n\n Centralized stablecoins tied to USD are prone to the\nthreat of regulatory conformity and seizure. In contrast, SameUSD is designed\nto keep itself completely decentralized. So ,can you tell us how does your\nplatform maintain the decentralization of SameUSD coins? As a decentralized\nstablecoin, what are the advantages and benefits of using SameUSD as payment?\nThank you<\/strong><\/p>\n\n\n\n Guy Frrr:<\/strong>\nSameUSD\u2019s reserve is composed of three kinds of popular stablecoins: BUSD, USDT\nand USDC.<\/p>\n\n\n\n Our mechanism makes\nsure that none of these three has a majority of the reserve, this way if\nregulatory issues happen to one of them, it can easily settle the reserve and\nmake sure it\u2019s made whole. This brings the major advantage of major stability\nas well as the ability for everyone to verify the size of the reserve.<\/p>\n\n\n\n Done<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thanks for your answers!<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Have your contacts been audited or is in process to\nbe?<\/p>\n\n\n\n Guy Frrr:<\/strong>\nAudit is currently in progress! All progress available on the Certik page:\nhttps:\/\/www.certik.org\/projects\/samecoin<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> That’s a renamed company, great job guys👏<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Oh! This is great news!<\/p>\n\n\n\n I would like you to\nshare information about your app SamePay with us<\/p>\n\n\n\n Because today people\nare used to working everywhere and this is really important<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> More information about SamePay shall be released in\nthe coming weeks actually! What we can say for the moment is to visit\nhttps:\/\/samepay.com\/ 🙂<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thank you so much! I will definitely check it out!\nReady for the next question?<\/p>\n\n\n\n Guy Frrr:<\/strong>\nyes next<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Btw, I read that you are launching a mobile wallet,\nis that right?<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> yes<\/p>\n\n\n\n Yes – it is a partner\nproduct which is part of the Samecoin Ecosystem<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> What is the benefit of the wallet? What make it different\nto the currents wallets in the market? any staking process there?<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> SamePay’s long term vision is to simplify crypto\nwallets and payments for the everyday Joe. So far, crypto’s success at\nmainstream adoption has been hindered due to very complicated apps and\nprocesses that make buying crypto and spending crypto a very expensive hassle.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> mass adoption😁<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> SamePay brings forward a new kind of user\nexperience never seen before in the wallet apps you may be knowledgeable about.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Wow, great concepts, that’s why we need currently👏<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> With its built-in DeFi features, real security,\ncheaper fees (through Samecoin) and great usability, SamePay can be the next\nstep towards making crypto more widely used.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Yes! It’s sounds great 👍<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Is a mobile wallet, where can we download it?😃<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> once released it will be available on the iOS app\nstore and the google play store<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Oh will be waiting for it 🥳<\/p>\n\n\n\n Well, thanks for the\nanswer, let’s proceed<\/p>\n\n\n\n Q5 from Telegram user\n@andrey_seleznov<\/em><\/strong><\/p>\n\n\n\n I am interested to learn more about samecoin use\ncases. Samecoin can be used to reduce transaction fees, could you please\nclarify how this system functions, how exactly does samecoin help reduce the\nfees? I see cashback mentioned in your article that can be obtained by staking\nsamecoin. How will users be able to get it, will cashback be generated for each\ntransaction in your ecosystem or only for some specific goods?<\/strong><\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> Essentially, any partnered product within the\nSamecoin ecosystem has the option to use Samecoin as an alternative way to pay\nfor fees. For those early birds who get Samecoin in the early days, this will\nmean they’ll have the ability to pay cheaper fees through the price increase of\nSamecoin. We’re also in discussion for more partnered products, which means\nearly birds will have a very good advantage in this long term adoption strategy\nof ours.<\/p>\n\n\n\n Correct, on the\nSamecoin Protocol users will have the ability to stake Samecoin as well.<\/p>\n\n\n\n all clear?<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Could you\ntell about those partnered products, how many are part of Samecoin ecosystem?<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> We’ve already spoken about one in fair enough\ndetail – SamePay<\/p>\n\n\n\n The second one (which\nwe haven’t talked about much so far) is SameID – a decentralised identity\ntechnology<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> thanks a lot for great answers! ready for the last\nquestion of this part?<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> More are coming, right?<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> Yes, we are in talks with some potential partners\nat the moment. We’ll also be incentivising the community to develop their own\nproducts to support the Samecoin ecosystem.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Btw, would you like to share with us your roadmap?\nWe are excited to know what’s coming for Samecoin🥳<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong>We’ll be publishing our roadmap shortly after the\nconclusion of our audit by Certik 🙂 This will go together with announcement\nfor our fundraising rounds as well as eventual release<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Great, thank you. Well, as our dear @GoldRocket27\nsaid, is time to proceed with the last question of this AMA<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Ready to go?<\/p>\n\n\n\n Kurt – Samecoin.com:<\/strong> lets goo<\/p>\n\n\n\n Q6 from Telegram user @lzamg<\/em><\/strong><\/p>\n\n\n\n It is known that currencies like the US Dollar are\nvolatile assets and this might affect stablecoins tied to these assets. For\nexample, the USDT token is always oscillating, not quite maintaining its value\nat $1. So I would like to know, how do the Samecoin stablecoins work to avoid this\nproblem, since they are tied to volatile assets too? Is the SameUSD built to\nreally maintain its value stable? What is the difference between your\nstablecoins and the ones that we already know, like USDT or DAI?<\/strong><\/p>\n\n\n\n Guy Frrr:<\/strong>\nAs you mentioned, USDT is always oscillating when encountering some bad news\nabout regulatory. Thus, Samecoin protocol is choosing to peg to a bundle of\nstablecoins like USDT, BUSD, USDC. This has the benefit of insulating the\nstablecoin against shocks to a particular country, currency, commodity or\nstablecoin.<\/p>\n\n\n\n For a single type of\nstablecoin, pegging to a fiat currency with finite supply can eventually lead\nto problems of scale and management of risk, especially policy risk.\nHowever, pegging to a variety of\nstablecoins can circumvent this problem, creating a more stable value.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> @kurto0\n@Frrrsu thank you so much for your clear answers, it has been a great time in\nthis first part of the AMA, now is time to interact with our community members\nin the live segment🥳💪<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Let’s start 🚀<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> We will open the chat and you have to choose your\n10 favorites and answer them<\/p>\n\n\n\n Would you like to share\nwith us some useful links before we open the chat?<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Follow our Announcement Channel here:\nhttps:\/\/t.me\/SamecoinANN<\/p>\n\n\n\n Samecoin ecosystem\nmakes the best of both worlds; #crypto and fiat. Make #payments easier, without\nhaving to worry about fluctuating currencies or costly #fees. <\/p>\n\n\n\n