Mary | Satoshi Club: <\/strong>Hello Satoshi\nClub! We are happy to announce our AMA session with Hoodrat! Welcome to Satoshi\nClub😀<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ntoday our guests – @degenerator0x1 @hoodratfinance @Pour_Lespoir @Hoodratthings\n! 🚀<\/p>\n\n\n\n welcome to Satoshi Club\nguys!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> @degenerator0x1 @hoodratfinance @Pour_Lespoir\n@Hoodratthings welcome here 😀<\/p>\n\n\n\n RAT KING RON 🐀Will Not DM First🐀:<\/strong> Thank you. Glad to be here<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> Very glad to be here!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Hello, how are you, guys?🤩<\/p>\n\n\n\n RAT KING RON 🐀Will Not DM First🐀:<\/strong> Doing wonderful \ud83d\ude42<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> I’m enjoying the sun in the south of France, how\nabout you all?<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> 🤘 awesome!<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nim great thank you! 😊<\/p>\n\n\n\n Razor Ramon (will never DM first) RJ:<\/strong> Thanks for having us!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Oh, i like France 👍<\/p>\n\n\n\n So, let’s start our AMA\n🚀<\/p>\n\n\n\n Guys, could you please\nintroduce yourself and tell us how did you get involved in Hoodrat?<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nand what is Hoodrat? 👀<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> My name is Sofiane, I’m Hoodrat’s Project Lead and\nam from Paris, France. We founded Hoodrat after realising how many rug-pulls\nand scams were going on, and had the impulse to create a tool that will not\nonly be static, but also learn as scams get more and more elaborate to finally\nput an end to this rampant issue on the BSC sphere.<\/p>\n\n\n\n RAT KING RON 🐀Will Not DM First🐀:<\/strong> My name is Ron I\u2019m the strategic partnership\ndirector for hoodrat<\/p>\n\n\n\n Hoodrat was developed\nout of a necessity as we quickly noticed there were far too many scams and\nrugpulls in the current crytpo space. Something had to be done about it.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> You have a truly noble mission😀 are you in\ncrypto for a long time?<\/p>\n\n\n\n D R:<\/strong>\nHey guys , it\u2019s Dan from the Hoodrat team. \nWe appreciate everyone here participating in our live ama.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Nice to e-meet you! Is it your first project in\ncrypto?<\/p>\n\n\n\n Welcome here, Dan👏<\/p>\n\n\n\n RAT KING RON 🐀Will Not DM First🐀:<\/strong> First token with a legitimate use case \ud83d\ude42<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\n [ 👍 Sticker ]<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Got it😉<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> I have been in crypto since 2015 but been in the\ndefi sphere only since January. I love the possibilities that can be done in\nregard to utilities, it is pretty infinite and I love it!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Yes, a lot of opportunities but a lot of\nresponsibility on the other side<\/p>\n\n\n\n Razor Ramon (will never DM first) RJ:<\/strong> Hey all, my Name is RJ. I’m the CFO from CT. Been involved in crypto for a few years. And\nunfortunately have been rugged or scammed more times than i’d like to\nadmit! I helped handle the financials\nand pricing for launch as I currently work in finance etc.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nso core team of Hoodrat is from France? or you all from different countries?<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Yes, the problem of scams always was one of the\nbiggest in cryptospace<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> Our team is mostly US-based, I’m the only one who\nlives in France haha<\/p>\n\n\n\n RAT KING RON 🐀Will Not DM First🐀:<\/strong> We are a crypto team world wide<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nnice! got it 😊<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Guys! Thank you for your intro! Do you want to add\nsomething or we can dive deeper into the details with the questions from our\ncommunity?😀<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> I’m ready to jump in, how about you guys?<\/p>\n\n\n\n Razor Ramon (will never DM first) RJ:<\/strong> yeah sounds good!<\/p>\n\n\n\n Q1 from Telegram user @Highpee<\/em><\/strong><\/p>\n\n\n\n During your presale event, the team modified some\ncontract functions so that they will be able to carry out this exercise\nmanually. Also, while looking at the summary of your audit report done by\nsolidity finance, they advise investors to ensure that they trust the team\nbecause the team has control over the contract and the ecosystem. In a\nsituation where a malicious actor infiltrate the team, this may become\nworrisome. So I wish to know, what function in the contract can the team modify\nor call as they wish? Will project decisions be exclusively taken by the team\nor is there a place for ecosystem contribution? How can investors have a proof\nof trust in the team and how will you ensure the safety of all investors?<\/strong><\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> That is a very good question. <\/p>\n\n\n\n As we’ve explained in\nour white paper, the burn and reflection function was not called since we carried\nout a whitelist presale (to prevent liquidity dumping bots). You can imagine\nthat calling that function which puts a 10% transactional tax during a airdrop\nto 100s is a nightmare and would not make sense. That function was only called\nafter we added to the Pancakeswap liquidity, and there is no way that any other\nwallet can be excluded from that tax once it has been called (which is what the\nSolidity Audit report also states). <\/p>\n\n\n\n Regarding our team, we\nare very cautious on who we onboard and have provided our identities to each\nother and to the public (watch us live right now on twitch.tv\/hoodrattoken ),\nwe all know each other’s addresses and have plans to incorporate. <\/p>\n\n\n\n Retaining ownership of\nthe contract is very crucial to a utility token of our kind since we will need\nto incorporate an automated add to LP function (which will be covered in our\nsection explaining how we plan on building a sound utility that benefits all\nour holders). <\/p>\n\n\n\n Our main core belief is\ntransparency, and it is something that we have not failed to provide. As the\nproject goes, we eventually plan on building a voter system, and have built\nrelationships with our top 50 whales in order to consult them about big\nadvancements of the project, in a shareholder meeting style.<\/p>\n\n\n\n This kind of\npartnership early on is very crucial to building legitimacy and providing a\nsafe sphere in which people can invest.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> You know, often people say ‘trust the code’😉<\/p>\n\n\n\n Razor Ramon (will never DM first) RJ:<\/strong> too often!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> But i see sense behind your words<\/p>\n\n\n\n Do you plan to repeat\naudits from time to time?<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\neven those people who don’t understand the code😄😉<\/p>\n\n\n\n RAT KING RON 🐀Will Not DM First🐀:<\/strong> If requested. \nIm sure it wouldn\u2019t be an issue. \n$1600 each time tor audit however \ud83d\ude42<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> 🤣<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> We are planning to do an audit with Certik as well<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Alright, gotcha 😀<\/p>\n\n\n\n Super!<\/p>\n\n\n\n we will follow your\nupdates 😉<\/p>\n\n\n\n Thank you for your\nanswers! Ready to go to the next question?<\/p>\n\n\n\n RAT KING RON 🐀Will Not DM First🐀:<\/strong> Yes 👏🏻 Great first question<\/p>\n\n\n\n Q2 from Telegram user @meml97<\/em><\/strong><\/p>\n\n\n\n It caught my attention that HoodRat is planning to\nlaunch a Machine Learning-based Anti rug-pull assessment tool to end unsafe\nprojects once and for all. Can you tell us more about this tool? How will it\nexactly work that will help you end with rug pulls? On what parameters will it\nbe based on or will it learn to determine that a project is unsafe and a\npotential rug pull? When will you launch this tool?<\/strong><\/p>\n\n\n\n RAT KING RON 🐀Will Not DM First🐀:<\/strong> Great questions deserve great answers. Sof is typing up a nice response \ud83d\ude42<\/p>\n\n\n\n Thanks for your\npatience<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nno problem! 😇<\/p>\n\n\n\n and for those who want\nto see a video version, don’t forget you can watch it here\nhttps:\/\/www.twitch.tv\/hoodrattoken 😉<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> As we are currently speaking, we are relying on\nunsupervised machine learning algorithms to carry out tests and analyzing\ncontracts on Bscscan. This means that we are not feeding it specific data\nstructures and that the tool will learn on its own as more test runs are\ncarrying out. While this approach is ambitious (and it would be simpler to have\na supervised algorithm) and it will take time to get very accurate results, we\nbelieve it is the way to go as scams are getting more elaborate. Eventually\nthis tool will be able to draw accurate predictions and output a risk\npercentage. <\/p>\n\n\n\n In simple terms, what\nthe tool will carry out is : <\/p>\n\n\n\n – Tracks the dev wallet\ntransactions on bscscan, see if there are any splits <\/p>\n\n\n\n – Recognizes what is\nsent to burn\/pancakeswap etc.. and flags any potential risk<\/p>\n\n\n\n – Flag for honeypots<\/p>\n\n\n\n – Check for LP locks<\/p>\n\n\n\n Our tool is proprietary\nso there are a lot more parameters and functionalities that we are\nincorporating, which we will be unveiling as we approach the Beta release (in\nAugust)<\/p>\n\n\n\n The timeline of\ndevelopment for this tool is:<\/p>\n\n\n\n June: ML engine\ntraining, getting our POC working<\/p>\n\n\n\n Mid-August: Beta\nRelease + hotfixes, implementing the auto add to LP function<\/p>\n\n\n\n Q4: Major updates and\nlive version<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Awesome and detailed answer!<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nawesome! will it be possible for other projects (already existed) use your\ntool? if yes what they should do for this?<\/p>\n\n\n\n RAT KING RON 🐀Will Not DM First🐀:<\/strong> Anyone will be able to use our tool \ud83d\ude42<\/p>\n\n\n\n Simply by plugging in\nthe contract of any token into the hoodrat tool to sniff<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ncool! thank you for answers guys! 😊 ready for the next question?<\/p>\n\n\n\n RAT KING RON 🐀Will Not DM First🐀:<\/strong> Yes sir.<\/p>\n\n\n\n Q3 from Telegram user @lzamg<\/em><\/strong><\/p>\n\n\n\n Establishing a consensus and creating relationships with your whales are crucial to\nthe development of HoodRat, so you\ncreated the HoodRat\u2019s Whales Club to meet with the Top 50 holders. Can you\nexplain more about this? What are the purposes for these meetings? Do these\nholders give you ideas and suggestions about the development of HoodRat? If so,\ndoes that mean that this club is your version of the governance?<\/strong><\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> We understood the nature of building relationships\nearly on with our main investors. Our token is 3 weeks old, and whales make or\nbreak a coin since they got in very early at a significantly lower price. <\/p>\n\n\n\n It is our duty to be in\ncommunication with them and be on a same page in terms of fundamentals and\nvision. We meet with them weekly and discuss on further advancements, asking\nfor their input on where we want to head as a project, in terms of branding,\nmarketing etc. <\/p>\n\n\n\n Most of them have also\ncontributed to our marketing activities, we also can organise private sales\ninstead of having them dumping and hurting the price. <\/p>\n\n\n\n You can understand how\nimportant it is to satisfy your top holders and keep them involved so as to\nsafeguard the future of this project.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> All whales agreed to join the club?<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nHOODRAT will be the only token of your ecosystem or perhaps you thinking to\ncreate another one, special for governance and voting?<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> Our Whales club holds about 47 members, so we are\nquite close to that amount \ud83d\ude42<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Almost there😉<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> For simplicity purposes, we prefer to keep the\nfocus on our native token (HOODRAT) for our use case, but it can also be used\nas governance as well. There are other projects existing who allow this by\nholding a certain portion of the native tokens to be able to take part of the vote.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ngotcha, thanks for answers! ready proceed to the next question? 😊<\/p>\n\n\n\n Razor Ramon (will never DM first) RJ:<\/strong> Yes we are !<\/p>\n\n\n\n Thanks<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\n🚀🚀🚀<\/p>\n\n\n\n Q4 from Telegram user @Jonahapagu<\/em><\/strong><\/p>\n\n\n\n I read that HoodRat will introducing what it calls a\nHall of Shame of rug-pulls and will be minting a series of NFTs based on\nprojects that were rugged or that have been detected by your tool\u2026 why did you\ndecide in creating a hall of fame for rugged tokens, apart from rugged tokens\nthat will be detected by your tool how will you be deciding on what rugged\ntoken to mint an NFT for, and if a decision has been made on what Token to\ncreate an NFT for, how will the NFT\u2019s be minted, will they be tradeable, and what\nwill be the factors that will determine the value of this NFT\u2019s..<\/strong><\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nyou will have a big NFT collection, since we have lots of rugs on daily basis ☹️😁<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> I will reply to that question, it will take me 3\nmins \ud83d\ude42<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nokay!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> @Cool_as_Ice do you want to have NFTs from the Hall\nof Shame?😉<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nsure, why not<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> What determines the value of a collectible is its\nscarcity, relying on a supply and demand model. The rarer a commodity is, the\nmore it is worth and people want it. <\/p>\n\n\n\n The NFTs will be\ntradeable, with some rugged projects (such as Fairmoon) being more famous than\nothers, they will hold a certain value compared to lesser known ones. <\/p>\n\n\n\n You can imagine the\nnumber of rug pulls and scam going on in this sphere, and the fact that we want\nto mint NFTs for it are done for two simple reasons: <\/p>\n\n\n\n – Awareness<\/p>\n\n\n\n – Education<\/p>\n\n\n\n It is a playful way to\nincrease our legitimacy as a reference for anti rug-pulls but also helps people\nto materialize and see physically how much this rampant issue is growing.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Did you already designed some NFTs?<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> We do have some of them, one is featured in our\nwhite paper but it hasn’t been minted yet \ud83d\ude09<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> May be you have something to show for our\ncommunity?😉<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nquite creative, i should admit 👍<\/p>\n\n\n\n RAT KING RON 🐀Will Not DM First🐀:<\/strong> Coming up<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> RJ will be showing a sneak peek \ud83d\ude09<\/p>\n\n\n\n Razor Ramon (will never DM first) RJ:<\/strong><\/p>\n\n\n\n Here is an example from\nour Whitepaper<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> Do not forget to watch our live AMA as well\ncovering Satoshi Club’s questions \ud83d\ude09 twitch.tv\/hoodrattoken<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Ohh, it looks like rug🤣🤣🤣\ngreat idea, guys! <\/p>\n\n\n\n Razor Ramon (will never DM first) RJ: <\/strong>Just a quick mock up for marketing purposes, we intend to use the Real chart. So the greater the rug, the more dramatic the\ngraph on the NFT of course. Although unfortunate, it will show how BAD some of\nthese rugs are<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> Ready for the next question \ud83d\ude42<\/p>\n\n\n\n Q5 from Telegram user @NataliyaKil<\/strong><\/p>\n\n\n\n The next 2 months (June \u2013 July) for Hoodrat will be\nthe most active in promoting the project. I was impressed by such events as\nHOODRAT Merch, HOODRAT Billboard in NYC and Sponsoring a Rally race car. I\nwould like to know more about this. What products have you prepared for your\nusers, have you developed a symbology design for these products? For what\npurpose will a billboard be placed in New York City and what will be depicted\non it? And sponsoring a Rally race car, what is this car, who owns it and what\ndoes this Hoodrat sponsorship give?<\/strong><\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> That is a lot of questions for ONE question hahah,\nI will answer it<\/p>\n\n\n\n We are currently\nfocused on building our branding from scratch and are seeing it from a\ncompany’s perspective. How do you build legitimacy and grow outside just the\ncrypto niche? <\/p>\n\n\n\n We have a brandable\nlogo, with a monochrome version being made for it (to put on hats, tshirts,\npolos etc).<\/p>\n\n\n\n So first it starts with\nthe early adoption (to which you all are a part of hit) and it will be followed\nby significant milestones (the billboard and the race car sponsoring) to\nincrease our awareness in traditional media, which is a medium that most of our\nteam members are familiar with. <\/p>\n\n\n\n Currently you have seen\nthat we have several blue tick accounts talking about Hoodrat (David Gokhstein,\nDominique Hamilton, former NFL star and Zach Boychuk from the NHL). These are\ncontacts that will be part of our marketing strategy. <\/p>\n\n\n\n The billboard in NYC is\ndone as a symbolic milestone reflecting our advancement (we have contacts for\nit), we position ourselves as a reference for busting scams int he crypto\nsphere, which is a need and a worry that most non crypto people have and that\nprevents them from investing. <\/p>\n\n\n\n The fact that it is in\nNYC as well represents a prime target since most traders and people in finance\nare concentrated within that area. <\/p>\n\n\n\n Concerning the rally\nrace car and further partnerships, they will be disclosed publicly once we\nfinalise the partnerships, but we do plan on being more and more active on the\nsports sphere thanks to our connections. <\/p>\n\n\n\n We want to hit all the\nangles in terms of marketing, and we can only do so once our foundation is\nbuilt, and it is thanks to you guys that we can achieve it!<\/p>\n\n\n\n Sorry, long questions\ndeserve long replies \ud83d\ude09<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Thank you for this detailed answer!<\/p>\n\n\n\n And only 6th and last\nquestion left from this part 😉<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nambitious goals! i hope you will deliver everything as planned! by the way,\nabout car, i have heard it would be Tesla? \n😉<\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> This is actually something that we’re planning on\nchanging, regarding the way that Tesla stands in regard to recent events\nhappening, stay tuned about it!<\/p>\n\n\n\n Q6 from Telegram user @kimterbear <\/em><\/strong><\/p>\n\n\n\n On July 2021, HOODRAT will have its first Staking\nPlatform. To participate in this platform to further increase rewards, what is\nthe minimum amount of token that we should be holding? What is the staking\nreward system in this? Can you briefly introduce this to us?<\/strong><\/p>\n\n\n\n Sofiane (WILL NEVER ASK FOR FUNDS):<\/strong> Staking is something that we want to implement\nthanks to partners in order to incentivize even more holders. They already\nbenefit from the 5% redistribution on each trade but we are thinking about how\nto further secure our future long term wise? We have found Staking to be the\nbest solution. <\/p>\n\n\n\n The amount of tokens\nnecessary to be held will depend on how the project goes (in July) once we have\nimplemented this solution. Currently our price is 0.006 usd per Hoodrat token,\nthe number to hold may vary in July, so these terms will be discussed with our\nstaking partner. <\/p>\n\n\n\n You may know that APYs\ndepend on the stability of a project and that the more APY you get, the more it\nis susceptible to price action and is less stable. So currently we aim to reach\na stable long term growth, which will be motivated by our main use case. The\nstaking rewards in terms of % will need to be calculated once we reach that\nstage<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-05-31_17-49-05.jpg\")
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