CryptoGameNerd

CryptoGameNerd@bbs

Copied to clipboard

follow me on Twitter @CryptoGameNerd

Posts

0Followers

0Following

Crypto Banter Telegram AMA Announcement: IZUMI Finance

Banter Fam, are you ready for another AMA? May 22nd we have Dima Co-founder of izumi Finance answering all your questions.Please join us in our main Telegram channel and if your question gets answered you win some IZUMI tokens! Please find the question form below: Find more information about this project: And please join our Telegram channel here:May 19, 2022

Crypto Banter

Crypto Banter Telegram AMA - Tartarus Finance

Dear BBS friends,May 15th at 17:00 UTC I am hosting a new AMA session, and this time we have Johnathan from Tartarus Finance for you. Come and join us in the main telegram channel and ask this project your question via this form: https://forms.gle/QB8tHT2ZDQUtZdgt9 Hope to see you all this sunday! May 13, 2022

Crypto Banter

AMA Recap - Acta Finance

Welcome Banter Fam for a brand new AMA with Acta Finance, my name is @CryptoGameNerd and I will be your AMA host for today!Q: Hello Christof, good to have you here for our AMA with Acta Finance, could you tell us a bit more about yourself, where are you from and what is your background?A: I am Christof Waton, Founder& CEO at Acta Finance, cross-chain liquidity aggregator.Originally I’m from Belgium, but I would say ever since 2017 I have relocated to Telegram 🙂My background a bit:- 3.5 y militairy- 1 y sales- 3y CBDO centralized liquidity aggregator- 2y CBDO as contractor / consultantAnd since the past year, started working on my own project ‘Acta Finance’Q: What was the first Crypto you bought and when was this? A: Bitcoin in 2014, maybe even later half 2013 actuallyQ: Can you tell us when and why you started working at Acta Finance?A: Multiple reasons actually. I wrote out 2 DeFi ecosystems before I started on Acta Finance.With both i brought innovation to the DeFi industry, but i wanted to bring more. I wanted to bring a whole DeFi ecosystem that incentivizes users and motivates the growth. When in March 2021 (last year) the 11k $ btc drop in minutes, I crosschecked the btc inflow and btc reserve at that time on the CEXs.None made any sense for btc to drop by that amount cuz there are liquidity frameworks and arbitraging bots that should have stepped in. The btc price difference was 2k $ between btc on Kucoin - Binance. Having my past in a centralized liqudiity aggregator, I knew this was just 100% manipulated liquidations. So i wanted to bring decentralised derivatives. Thats when i started to write out my own ecosystem, Acta FinanceQ: The project is mentioned to be “The World's First Cross-Chain Liquidity Aggregator”. Can you explain to us what this means and why we need it?A: A cross-chain liquidity aggregator, with active liquidity 😉 Cross-chain interoperability is the future.  On our ActaFi Swap (Under development), we use tokenbridges as a secondary function on the backend on each swap to allow traders to tap automatically in the deep liquidity of an asset. An asset can be issued on multiple networks and therefore the liquidity is spread.We connect the liquidity pools of an asset on AMM protocols that we integrate (aggregate) to bring the best outcome for the traders at all times.Active liquidity: Uniswap V3 liquidity pools are currently the only ‘active liquidity’ pools.Q: It’s important for us to know how this project is properly funded, did you attract some smart money?  A: Only smartmoney. We gave an allocation to invest to:- KOLs / content creators- service providers, that are providing services for free in return for the opportunity to invest in us- Liquidity Provider(s) had access to the seed sale.The very very early community has a very small ticket in the private sale. But still 90% of the private sale consists out of smart money. Ran (Banter Capital), Carl the Moon, MMcrypto, Coin Muhendisi, .. you name em, they all joined our private saleQ: The project originally started under a different name, can you explain why you changed the name? A:  Originally, we were p2p finance. Since we bring EVERYTHING by smartcontract, p2p (peer-to-peer) fits very well and the registered name of the company is P2P Solutions Ltd. However, for SEO reasons we had to rebrand. At that time, we were still focussing on only Cardano development. ADA Finance was available, so we went with that.However, in October after a few talks with IOHK, I decided to bring in a 2nd development team to build the entire ecosystem also on Avalanche. With Cardano not able to deliver, or be ready, for the high-frequency usage, we are issuing our initial utilities with Avalanche.ADA Finance was linked to Cardano, which has a lot of haters. With our initial utilities on Avalanche the name ADA Finance didnt fit so we took our time to structure a neutral brand and scaled the team to bring a smooth execution.Q: I see there is a lot upcoming in the roadmap, but it doesn’t mention any timeline, could you share this with the Banter Fam, what can we expect when? A: People can find the roadmap here: https://actafi.org/ecosystemSo regarding no times:When making the initial roadmap, we though of phases that any project goes through.Currently we are at the public sale, where we have the following smartcontracts under audit:- wNFT (TGE incentive)- Staking- Affiliate / referral- Address MilestonesFrom platform side, what people see is alpha. On the backend we have a whole other version ready which looks a lot more sexy. After the audit we connect the TGE smartcontracts (Affiliate, address milestones, wNFT) with the frontend and then we can hit the launch.The launch itself, hold heart, is currently in discussion with all platforms in May (first half).We are currently engaging with contractor development teams. As people will see, we bring a lot of features that touch innovation to the industry. Hiring individuals and scaling the inhosue team happens continuously. But to find quality is hard. Any project will tell you that.The roadmap ahead:- Listing in May, with: wNFT, address milestones and affiliate.- Followed by staking, 3 weeks later. This is to give the affiliates a chance to build out their network first.- We have our ActaFi Swap, with farming smartcontracts coming in Q4 this year. Depending on the scaling of the team, we can move faster with development of components of our ecosystem, such as:- Customized subnetwork, that allows our token to be used as gas function within our ecosystem (q3 2022)- Launchpad (Late Q3 2022)- DAO Program (q4 2022)- p2p lending which feeds the margin request (q1 2023)The above dates are under revision as said, based on the scaling of the team and attracting strong development contractor teams.Q: You have the Acta token, what is the use case of this token? And where does the Banter Fam buy this token?A: The ACTA Token utilities:1. To start the affiliate program and receive your referral link, the user needs to lock in 50 ACTA Tokens. Nobody in this industry brough Affiliate (referral) Program on-chain yet. This is because there are so many ways to manipulate a referral program in the centralized way. To bring an Affiliate Program in a decentralized way, there has to be securities in place to avoid abuse of the rewards. Requiring a user to lock 50 ACTA Tokens in a smartcontract is one of the securities 😉2. ACTA Tokens can be used to repay loans.3. Participation in the ActaFi Launchpad is based on a tier structure (HODL or Staking)4. Participation int eh Acta Finance DAO Program requires a user to lock-in a minimum ACTA stake (Counselor 25k, Minister 50k, Ambassador 100k) Each DAO level gives additional, and higher, platform fee distribution.5. On the Avalanche p-chain (level), we can set up a subnetwork. With our own nodes as validator, we can customize the subnetwork to allow the ACTA Token to pay for gas fee.Buying the token: We are currently in IDO stage. 1 completed on Vent Finance1 registration closed on Paid Ignition.There is another launchpad upcoming which is yet to be announced. I invite the community to keep a close eye on our socials to stay up to date and participate in the airdropds / give aways:@actafi_official@actafi_news We have also selected some community questions which I want to fire at you: Q: What will Acta Finance Team do “differently “ among the DEX’s already operating on the eco system of Avalanche and Cardano? (Dereal_mvp)A: Currently the Dexs on Avalance and Cardano are not cross-chain, nor liquidity aggregating, nor do they have active liquidity. So bringing a cross-chain liquidity aggregator is new to the entire industry.Liquidity aggrgating:  Connecting the liquidity pools on the same network (For example Pangolin, Trader Joe, Sushiswap, …)Tokenbridges as secondary function on each swap allows users to tap into an asset’s deep liquidity (issued on multiple networks)Active liquidity: Providing liquidity in a concentrated spread offers a much higher (up to x5) return for liquidity providers. Thats why we manage to secure a famous family office in crypto to be our liquidity providerOn top of that, there is nobody that brought a complete DeFi ecosystem before. Neither on Cardano or nor on Avalanche. Q: I read in your Medium article that TGE incentives will wrap around NFTs. Could you give more information about this topic? (@captain_price9)A: Absolutely, another solid question for everyone to understand 👍At TGE we bring wNFT (wrapped NFT) as incentive. There will be 2 versions: 1.  8 months lockup 25% APYor2. 12 months lockup 35% APYSo people their stake is locked, that unlocks by time, but wrapped in an NFT which is tradable / transferable. So consider wNFT as a locked staking, which is wrapped in an NFT that can be sold. This allows people to liquidate their stake deposit (and the reward)  Imagine, i stake 1000 tokens in the 12months lockup. -> The smartcontract locks my deposit (1000 tokens) + the reward (350 tokens) together in an NFT. So by depositing 1000 tokens in the wNFT TGE incentive, it allows me to sell an NFT that holds 1350 tokens.The wNFT is a TGE incentive. So it is only limited available on launch.The 8 months lockup pool has room for 2m ACTA Tokens. The 12 months lockup pool has room for 1.5m Tokens.Q: I believe we will have a launchpad and eventually Acta holders will vote on which projects will be launched (when DAO is fully functional), correct? Are there any planned incentive (to holders/stakers) who bring/mediate new projects to be launched? (@Elea_Norz)A: ACTA Ambassadors (requires 100,000 ACTA in staking) can indeed vote on projects that can start fundraising (1/month) on ActaFi Launchpadnot. The launchpad is B2B Focussed and introductions by the holders is allowed, but those projects need to pass our due diligence first.It is our responsibility to protect our community / investors. The DAO program (Ambassadors) are allowed to vote monthly on 1 project that will be allowed to raise funds. Part of the raised funds (2.5%) is redistributed to the DAO program, giving it a nice return for being a supporter of the DAO program.@CryptoGameNerd:  Thanks for bringing up that questionChristof: Before we open the chat to the community to ask live questions. I would like to mention something 🙏 Acta Finance is all about incentivising and rewarding the community. Platform fees get redistributed in the affiliate program and DAO program participants. Further, on 1st May, we start a 2month ACTIVITY AIRDROP. The top 500 active people in our Telegram community channel receive an airdrop at minimum value of 100$ people that are active on Telegram and want to participate can join here:@actafi_official@CryptoGameNerd: Wow that dropped out of nowhere, thanks for sharing this with us, but don't expect the Banter Fam to be mild with their questions now....Leona Bianca: "ActaFi Lending" is one of the products offered by Acta Finance; could you tell us more about this lending product? How does it operate in practice? What should people do to get the most out of it? How can someone invest in ActaFi Lending, and how are users' investments protected?A: ActaFi lending allows people to lend their assets to margin traders (borrowers) on ActaFi Swap. Margin Trading on ActaFi Swap is protected by smartcontract, like every feature / product within our ecosystem.The algorithm is written so that lenders’ assets are protected against market dumps, since we use a complete decentralised price feed, unlike the centralised exchanges. There has been NO platform out there yet that brings a complete decentralised liquidition. Acta Finance will be the first 😉How does it operate: When a user engages with margin trading, the margin gets provided by the ActaFi Lending, which is peer-to-peer. We have an institutional liquidity provider that will provide the margin loan at 2% daily, so users that want to put their assets available for the margin traders can do so.Margin traders can engage with lending offers individually, or automatically (taking the best rates)Hsyin: Governance mechanism in the project ecosystem is important to ensure decentralization. Will there be a true DAO model in the ActaFi ecosystem and how will your community participate in the management?A:The community can participate in the DAO program, which redistributes platform fees directly to the DAO pools. Each title requires an amount of stake to be locked in for a quarter:Counselor - 25,000 ACTAMinister - 50,000 ACTAAmbassador - 100,000 ACTAAt the start, the counselors can vote on smartcontract audits.Ministers can vote on SC audits + farming pools on ActaFi Swap, which are being opened to incentivize liquidity providers.Ambassadors can vote on SC audits + farming pools + ActaFi Launchpad projects. The ambassadors also have a guaranteed investment allocation in each project on our launchpad.Celes: How does the user earn tokens with using the referral link option for inviting friends in 3 levels?A:Engaging with the affiliate program will require 50 ACTA Tokens to be locked for 6months.You will receive your referral link, which you can distribute to your network / friends / the internet / forums / … There are indeed 3 levels.Acta Finance introduces Address Milestones (like account milestones but decentralised). Each time a person succeeds a milestone, the user receives a reward. When your referral reaches a milestone, you receive a commission of that reward!Also, within our ecosystem there are small fees involved in the passive earning opportunities. Thats how we can sustain the affiliate program AND motivate users to engage long-term with the passive earning features 😉Everybody wins 👍When you as referral have activated the affiliate link, and were referred by someone else yourself, you receive a 10% kickback on the commission that your affiliates received from you succeeding your address milestone 👍Febriyanti Oktavia: Can i made my Carrer In acts finance,  If Yes Please guide me Because I am Interested to Join this Platform and Build my Carrer?A: Yes you can. Professionally: we are constantly scaling the team with quality. Currently we have 6? job positions open (frontend dev, backend dev, community admins, designers, …)As platform user: We have- Affiliate Program  The Affiliate Program motivates you to spread the word about Acta Finance. The more active referrals that hit milestones, or start with staking, the more commissions you receive 👍 - DAO Program The DAO program allows you to receive a redistribution of the fees within the Acta Finance ecosystem.Angel: Does #Actafi plan to join other chains besides ADA and AVALANCHE? What kind of security will #ActafI implement when selecting projects to launch on its platform and avoid scam and rug pulling?A: The ActaFi Swap, as cross-chain liquidity aggregator, will be connected with any network that we have tokenbridges active with. EVM compatible chains are ‘easy’ to connect so yes be ready to tap in the BSC liquidity, or polygon, or… What would be the use for a cross-chain liquidity aggregator, if we would only tap into the liquidity of selected networks. Tokenbridge active = network liquidity active 🙂Regarding the launchpad, projects that engage with ActaFi Launchpad will have their fundraising released over time. The development roadmap / milestones are to be determined between ActaFi and the fundraising project. Based on the project reaching their milestones, they get the investment released. So we don’t release 100% in 1 time, but spread over time. In the event a project fails to deliver, the remaining investments are refunded to the investors. Once more, nobody ever brought this protection to their community. 🤗To the people who’m i did not manage to get to answer.. there will be more AMA opportunities (with rewards) in our telegram channel @actafi_official. Also, if you have an urgent question..feel free to ask away. Our team and community is pretty helpful 👍 Banter Fam please go and check out this amazing project, thanks for being with us! Find more info about Acta Finance with the links below:actafi.org https://twitter.com/ActaFi https://discord.com/invite/ActaFi https://t.me/ActaFi_OfficialApr 22, 2022

Crypto Banter

Stader Labs - AMA Recap

Welcome Banter fam for a brand new AMA with Stader Labs, my name is @CryptoGameNerd and I will be your AMA host for today! Stader is building key staking middleware infra for multiple PoS networks for retail crypto users, exchanges and custodians. Stader is building extremely modular smart contracts so third parties can leverage our components and build custom solutions. In the short term, Stader is building native contracts across multiple chains including Terra, Solana, Ethereum, Near, Avalanche, Fantom etc., and building an economic ecosystem to grow and develop solutions like yield redirection-style farming with rewards, liquid staking, launchpads, gaming and more. In the long term, Stader will focus on unlocking the platform approach and nurturing third parties to develop several staking applications with Stader infra.(source https://coinmarketcap.com/currencies/stader/) Q: Hello Amitej , good to have you here for our AMA, could you tell us a bit more about yourself, and your background? A:  I am Amit Gajjala, Co-Founder and CEO of Stader Labs. I have 10+ years of experience in Business strategy and scaling start-ups across India, SEA and Europe.  - Top Management at India’s largest Food tech App, Ex-strategy consultant at ATKearney - Education: IIT & IIM Alumnus Q: How and when did your Crypto journey start?  A: Sid (our Co-founder & CTO) and I have been actively investing in the crypto space since 2019. We have deep expertise in bitcoin and alt coin mining and staking. Stader was started by Sid and I in April 2021 after deep analysis of crypto and staking space. Staking is already a 300 Bn USD market and is poised to grow manifold. We aim to capture a lion’s share of the staking market and onboard 1 Bn+ users to staking. We are building critical infrastructure across PoS networks. Q: Can you tell us when and why you came with the idea to found Stader Labs? A:  I have been a staker myself and realized as a user that the process could become much more efficient. We identified that discovering & monitoring validator performance, collecting airdrops, monitoring portfolio across validators & blockchains are all quite time consuming and cumbersome activities.  We wanted to build a protocol that simplifies staking for all types of users. That was the genesis of Stader. Now, our aim is to build a staking infrastructure platform that can be customized for retail users, enterprises and mainstream fin tech applications. Q: What can you tell us about the core team of Stader Labs , how big is the Dev team and where are you guys located?  A: We have the most talented and experienced leadership team at Stader. Overall 50+ years of deep expertise in scaling companies across the world. Some of our core team members below: - Sid, Co-Founder and  CTO, who has a decade of technology and crypto experience. Alumnus of Columbia and IIT. - Dheeraj , our third co-founder and protocol lead , has 10+ years of experience in building and scaling technology applications in blue chip silicon valley companies including Linkedin and Paypal. Apart from the co-founders , the leadership group includes several top professionals from Ivy Leagues and tier-1 companies across the globe including Mckinsey, BCG, ATKearney etc. StaderLabs HQ is in Singapore. We are a team of 60+ highly motivated and skilled individuals from across 11 nationalities. We have 18 high-performance developers which comprise our in-house tech team. Q:It’s important for us to know how this project is funded, did you attract some smart money?   A: Top quality crypto funds participated in our seed and strategic sale. Seed sale: Pantera Capital. Coinbase Ventures, True Ventures, Jump Capital, and Ledgerprime. Strategic sale: 3 Arrows Capital, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment Prominent angels include Jaynti Kanani (CEO, Polygon), Sandeep Nailwal (COO,  Polygon), Nemil Dalal (Head of Crypto, Coinbase). CoinList sale: Stader also had a historic token sale on CoinList Sale with 1.2 million+ registrations.  Q: How is the project following up on the Roadmap, have you kept all your promises so far?  A: We have been cruising at rocket speed across blockchains. We launched in late November on Terra and have seen tremendous traction with over 850 M USD staked assets so far. - Traction on Terra Blockchain: Launched the following staking products on Terra blockchain with a TVL of ~$850 Mn, 35000+ wallets, 8.5M+ $LUNA stader and a 100,000+ strong staking community - Simplified Staking (Stake Pools)  - Liquid Staking (LunaX) - Individual Validator Staking (Stake+) Ongoing: - Stader launched Liquid Staking on Hedera on 9th April 2022 & got ~3000 Users and 7 Mn USD TVL on HBAR (beta launch). - Over the next 2-3 weeks, we are also launching on Polygon as well as Fantom blockchains. Future Roadmap: - Expansion of Stader staking platform into multiple blockchains. We aim to be present on 10 blockchains (including Near, Polka, Eth etc) by the end of 2022. - Build customized staking solutions for institutions and exchanges - Allow third party developers to build their own staking dApps with Stader smart contracts Q: Most of us know Staking, but you talk about Liquid Staking and Staking+. What makes staking Liquid with Stader Labs and what does the + mean?A:  Liquid Staking: Staking is good to have a passive income, but that also locks in your tokens. Liquid staking provides a solution to it. When you stake with Stader, we will provide the liquid tokens corresponding to the amount you are staking (LUNAx, HBARx, MATICx and so on). These tokens can be used to future amplify yields by participating in the Defi ecosystem while earning staking rewards. So, now you get Staking rewards and Airdrops from the staking, plus you have liquidity with the liquid token to invest in other places.  Blog link Stake+:Stake+ allows a user to stake his coins with a particular validator through Stadet and retains the key features of our platform like auto-compounding and one-click airdrops. This will also help in further decentralization of the chain as it will also allow smaller validators to gain delegations. Currently,Stader has 26 validators on Terra blockchain and will grow more. Blog Link Q: The project has its own token, the SD Token, could you tell something about the Token Distribution and also the utility of the token? A: SD token is the native governance token for Stader protocol. SD token will be critical for successful functioning of the Stader platform i.e. for key governance decisions, validator selection and exit criteria etc. A portion of the protocol revenue will be distributed to SD token stakers. There are going to be 3 major utilities for Stader tokens.  - The first major utility of SD token is that SD token stakers receive a % of protocol revenues as staking rewards. xSD is given out when you stake SD tokens. xSD can be locked up to receive a higher share of protocol fees and additional emissions. This also entitles users to governance rights to redirect emissions, vote on validators policies etc. - Second major utility for SD token is validators across stake pools and liquid staking will have to hold and stake SD tokens to receive preferential delegations.  - The third utility is the following: Stader token holders can deposit SD-LUNA, SD-UST, SD-liquid LUNA pairs on Stader, and earn rewards for doing that.   Blog link Q: Stader has a governance for the Stader protocol, how do you manage this across PoS networks? A: We will first implement governance on Terra platform. Further, we will have all governance moved to Eth so there is one central place to govern stader protocol. Q: The Banter Community always likes to look forward, can you share your vision where Stader Labs stands in 5 years? A: We want to be the largest protocol by staked assets across crypto in 5 years. The TVL goal would be >100 Bn USD. While we will cover all top blockchain in retail space, we will also expand to several other segments including institutional customers, exchanges etc. within Community Questions: @hhmmkrpt: How much we can stake at max? A:Right now, our contracts are live on Terra, Hedera. In next 1-2 weeks, they will be live on Polygon, Fantom and Solana. You can stake as much as you want to. @Mammaaali In the lite paper it had mentioned that, there would be staking options for institutions?How do you plan to make sure that the institutions will prepare to stake when there are plenty of other options which offer attractive Apy's? A We are customizing staking contracts for institutions to build tax efficient vaults and other customised products. @Softexy I'd like to know how STADER going to encourage more validators to join and how you're going to make sure delegators are equally distributed and not just chasing price, high yields? A: We will select good performing validators who have lesser voting power. We use a round-robin based delegation process that stakes with the validator with least stake. @wojakkkk Is there any plans to add more stakeable tokens to the website? A Yes. Our aim is to add 10 more blockchains in the next 6-7 months. @faaawaaad So one Defi possibility is to be able to use $MaticX. What other Defi possibilities will liquid staking open up for the community? A: Liquid staking tokens can be used for several use cases like liquidity pools, options protocols, lending protocols etc. @LiebestraumArt Is a company such as Stader going to be user friendly for beginners like me to navigate the staking sphere ? A: We will continue to develop the protocol to make it user friendly. @cryptelyn: Where do you see Stader Labs 3 years from now?  A: In 3 years from now, we will see Stader as one of the top protocols in crypto. with at least 30-50 Bn USD of TVL. Top 1 position across at least top 10 out of 15 chains and No 1 player in institutional staking space. @Sam_Salt7: How is Stader better than just staking on terrastation?  A: Stader has several advantages over Terra station. With liquid staking, you get LunaX that has several utilities across Terra already. Including being a collateral on Mirror, Edge. It can be used to provide liquidity on Terra swap too. If you just stake with Stader on Stake pools or Stake +, we convert all stable coin rewards to Luna and auto-compound. That's a significantly higher return over staking with Terra station. @CryptoGameNerd: Wow, that is a lot of info, thank you so much for being here, answering the questions from our community and I wish you all the best in achieving the project's goals! And happy to see you in 3 years from now 🙂 I hope you all loved our new concept for the AMA and I hope to see you all for the next one! Check out Stader Labs:   https://linktr.ee/staderlabsApr 14, 2022

Crypto Banter

April 16 AMA - Acta Finance

Banter Fam, April 16 I will be hosting a new AMA in the Banter Telegram, this time it will be Acta Finance! Come join the AMA and ask the project a question and when your question gets selected you might win a price!  Telegram: https://t.me/cryptobantergroup… Question Form: https://forms.gle/N4ojiTdQ21D7TrEf9Apr 14, 2022

Crypto Banter

AMA Quiz time

Banter Fam, tomorrow right after the AMA we will host a Quiz so come and join our AMA at the main Crypto Banter Telegram Channel and win some extra cash with the Quiz!Apr 8, 2022

Crypto Banter

AMA Announcement with Stader Labs

Hello Banter Fam,  🔥We will have an amazing AMA on the Crypto Banter Main telegram chat with Amitej CEO and Co-founder from Stader Labs🔥  This is a project you don’t want to mis!  AMA with Stader Labs - Saturday 9 April 14:00 UTC   💰Don’t forget to submit your question:💰 Question form AMA: https://forms.gle/p6MtAHZXZH79UMvd9 And of course it wouldn't be a Crypto Banter AMA without 💰Special prizes for participants💰 We even got a special surprise for those who participate live at the AMA! Apr 7, 2022

Crypto Banter

AMA with STEPN a Move to EARN project on the Solana Blockchain

I would like to share the AMA we recently had with the team of STEPN a Move to Earn project on the SOLANA blockchain! CryptoGameNerd: Hello Yawn, can you tell us a bit more about you and about your project? Yawn team STEPN: STEPN is a Web3 running app with fun social elements and gamification design. Users equipped with NFT Sneakers — walk, jog or run outdoors to earn game token — GST, which can be used to level up and mint new Sneakers. Users can choose to lease or sell their NFT Sneakers on the in-app Marketplace; users’ GST earnings are stored in the in-app Wallet, which has a built-in Swap function. I’m a serial entrepreneur. I have built two quite successful brands in Australia before I ventured into the crypto industry in 2017. I funded Crypto SA and merged the business with my neighbor Jerry’s game development studio in late 2021 to develop STEPN. CryptoGameNerd: What exactly is STEPN? Explain us as good as you can Yawn team STEPN: First of all, users need to have a NFT Sneaker to move and earn in STEPN; STEPN aims to be the biggest health and fitness app on Web3; with tokenomic, gamification, music and social elements. We spent 5 months building STEPN, currently it has a SOL wallet, swap and marketplace, all built in one app; users can simply deposit SOL to the STEPN wallet and buy a Sneaker on the marketplace, transfer it to the inventory and earn GST tokens by walking, jogging or running. The GST earning can be swapped to SOL or USDC in the users’ wallet and if the user has a Crypto dot com banking card, they can transfer the USDC to the card and start spending it in real life.  Currently, the app is live and under Public Beta phase, what I said above is all achievable and I urge people to give it a try. Currently I earn about 110 GST per day, that is about $220 USDC.  CryptoGameNerd: I see there are different game modes, can you tell which ones there are? Yawn team STEPN:  Currently we only have the SOLO mode available, but we have planned many game modes such as background mode, Marathon mode, and in the future we will continue to introduce new modes. Background mode is when users will not need to actively use the STEPN, instead, STEPN will count the steps in the background and reward users tokens. Marathon mode will be released next along with the Leaderboard function; basically it is the PvP of STEPN, users compete for Leaderboard Prize every week, based on their Sneaker quality, fit to owner and time taken to finish the 2, 5, or 10 km marathon.  CryptoGameNerd: So to play the game you need a pair of NFT sneakers, where can people go to buy a pair of Sneakers? Yawn team STEPN: Sneaker is available on the in-app Marketplace. Check out this video how to buy the right sneakers: STEPN - Picking the Right Sneakers CryptoGameNerd: When you have a pair of sneakers, are you able to share / loan it with others? Yawn team STEPN:   People can do a lot of things with their Sneaker, for now, they can mint an extra Sneaker by burning GST tokens, sell it on the marketplace, send it as a gift to friends and family.  Burning GST to level up Sneakers allow users to make more tokens per day, the app allows users to customize the Sneaker by spending their attribute points per level up. In the next month, we will release the rental function, so that users can lease their Sneaker on the marketplace and split the earning with the renter that is doing the walking or running. You can consider the Rental function as an automatic guild function.  CryptoGameNerd: I see that there are two types of tokens the GMT and GST, what does this ticker stand for and what is the utility of the tokens?Yawn team STEPN:  GST is burned when level up Sneaker, level up Gems (also an NFT), and possible NFT achievement badge in the future.  GST is also burned for repair; Leaderboard participation fee and Shoe-minting GMT is the governance token, staked users can receive quartly treasury dividend; it is also burned in the app for high level Sneaker level up and Gem level up. We will introduce Sneaker customization in the future and also need to burn GMT, we are partnering up with Sneaker brands to bring their brands to the Web3. So far we have three top 20 Sneakers brands working with us. CryptoGameNerd: So STEPN wants to combat climate change, can you explain how? Yawn team STEPN: STEPN take taxes in app such as from trade, rental and minting; the profit goes to the Treasury and the governance token holder decide how much % of the profit goes to carbon offsetting, if the vote is in favor of carbon neutrality (donate majority of earning), then the governance token holder will receive GMT reward; otherwise, they will receive Treasury profit as dividend, but portion of their staked GMT will be burned.  We are currently working with Nori, a carbon removal provider on the blockchain as our main carbon credit provider. Community Question: When will the project have its IDO? And when can people start earning? Yawn team STEPN:  We are currently working with several top tiered exchanges, we are currently looking at IEO around March. Community Question: Everyone asks why you are different but I want to ask what real world problem your team intends to solve with this fun endeavor? Yawn team STEPN: There are several layers, the Carbon neutrality level, we have seen people use less motor vehicles when they can walk or run, for example pick up their takeaway. Also we will actively donate to carbon neutrality through our blockchain carbon removal provider.  We found that families will take a walk after dinner together, fostering a healthier relationship. We have been told people have created stronger bonds with their step children (pun intended)...  People are losing weight and getting more energy, tho they are constantly energy starved in app. I think make some cool earnings is good but that is never the intention for the app.  Community Question:I am asking so many time what is the supply for sneaker ... if it is unlimited than why so expensive...  Yawn team STEPN: The short answer is Sneaker will be unlimited supply, but do not freak out, because the floor price of the Sneaker is tied with the GST token price, when GST price drop, people will start to buy to mint Sneakers to profit, when GST price up, people will start selling GST to bring it price down to where minting is profitable again. In the future, the Sneaker will be used as “fuel” for more in-app functions, so the Sneaker will eventually become consumable. Sneaker is expensive because people are making hundred a day and they are in high demand. Once we open rental, there will be a lot of people buy Sneakers to lease it out. Community Question:What was the biggest challenge that you ran into when you were building STEPN? What sets STEPN apart from the rest of the game-Fi projects building on Solana? Yawn team STEPN: GPS and anti-cheating aretwo most difficult parts, we have advisor from Strava and Keep engineering background, they said even for giants like these two companies, GPS issue will take years to optimize, it is a constant evolving thing and there is no short cut, we have managed to do a OK job to start with and it will take us at least 1 year to fully optimize the GPS function. Anti-cheating is another part will take a long time to fine tune, now the system sometime make mistake as we use motion sensor, GPS and machine learning to verify users’ data. We are feeding the machine learning data still and we designed a two layer of AI anti-cheating mechanics and currently we are working on the layer 2. I think what set STEPN aparts is the speed of shipping, we have built this app within 5 months time including planning, fundraising and coding. A lot of time was spent on planning and trail and error, we will be able to build even faster once we hire more developers and get them trained up. There are many new exciting features we cannot wait to release. This is the end of the AMA, check out this project and find all official websites here:  https://linktr.ee/stepnofficialMar 27, 2022

Crypto Banter

Monkey League releases Game Trailer

If you were not already going banana's about the Monkey League eco system this gamet railer which is released today will blow your mind. The graphics are stunning and this game has so much potential that this will be one of the biggest releases on the Solana Blockchain!  Check out this project and scoop your own monkey from Magic Eden while they are still cheap!Mar 17, 2022

Crypto Banter

Tiny Colony Pet Airdrop distribution March 18th

Tiny Colony is the first ever construction and management simulation blockchain game designed for Solana. In the Tiny Colony Metaverse, players can build and grow advanced ant colonies, defend their bases against dark forces that roam the underground, challenge other colonies to battles, form alliances and trade with one another to participate in large scale community events. Now this great project is taking a snap shot on March 16, all holders of a NFT in their wallet will be getting an Pet airdropped for free! Just go and check the NFT out on Magic eden or Fractal and get your free pet dropped!Mar 14, 2022

Crypto Banter

Tiny Colony a game on the SOLANA network, some inside info

Hello Banter Fam, one of the games I personally invest in is the Tiny Colony. There are multiple reasons to be very bullish on this game when the complete market is getting up again.Currently you can buy a Land NFT on Magic Eden or on Fractal and when you do this before March 16 you will be getting one of their PET airdrops for free! Check their official channels to DYOR and see that this is not a spam trick. On March 16 they will be taking a snap shot and all holders of a Land NFT like for example a NEST will be getting their Pet Airdropped.So a good project, and getting something for free! That needs to be shared with the Banter Fam!Mar 13, 2022

Crypto Banter

Monkey League March Madness!

This month is March Madness at Monkey League the game. When you buy a monkey on the market and you hold it in your SOL wallet, you will be able to claim free in game treats!  Check out this amazing game and be part of the Monkey Fam.Mar 13, 2022

Crypto Banter

Crypto Banter Telegram AMA - CVI

Banter Fam, this Tuesday I will be hosting a new AMA with CVI the Crypto Volatility Index in the main telegram channel. Send me your question via this form: https://forms.gle/9JtUWC6ePMtKp9NHA and you might win some price when your question is picked by the project!Feb 27, 2022

Crypto Banter

Tuesday 1st of March I will host a new AMA on the Banter Telegram Channel

Feb 25, 2022

Crypto Banter

AMA on Banter Telegram!

Tomorrow's second AMA will be with @MonsterGalaxy21 and there is $400 on the line here. Ask your questions. You have 24h starting NOW. https://forms.gle/S87mo3rLNATrFQBJ8Feb 3, 2022

Crypto Banter

Friday AMA with Don-Key Finance!

This Friday I'll be hosting the AMA with @Don_key_finance!For you all 9 of you can win $100 of DON if you ask your best questions before Friday 11:00 UTC Don't be silly, click and ask. form: https://forms.gle/iyNsBeTeoiJEoWCo9Feb 2, 2022

Crypto Banter

💥💥Comming up next AMA with BITHOTEL 14:30 UTC I hope you'll be there💥💥

Jan 28, 2022

Crypto Banter

New AMA on Banter Telegram this Friday!

Check out the new AMA and fill in the form via our twitter post!Jan 26, 2022

Crypto Banter

BTC Day trading idea 1H Chart NFA!

I would like to start a trading conversation, this is daytrading on the 1H to get small trades and discuss to get a view on the best possible scenario for BTC.We just had an M formation above 200MA (white line) and after this formation we had a drop level 1, a retrace to the 50MA (blue line with band) and clear rejection on the 200MA again. We see that during the retrace there was printed a green vector candle, this means the market maker stepping into the charts and this generates a vector zone on which it is most likely that price will come back to, to recover the liquidity.There is the same Vector zone to the upside, around the 44000, printed due to the red vector candle that initiated the first drop. Due to the fact that we are on the weekend, so low volume and the pool of liquidity from the green vector, plus the wicks that are present in the chart, I think it is more likely that we see another move to the downside from this point in the chart. I am curious about your view on this chart and technical analasys. Lets have a nice conversation!Jan 15, 2022

Crypto Banter

Greed

Greed is the mother of all Evil a wise men told me once. In days like this we see that the greed get flushed out of the market, this is needed to keep a healthy market. Please remember we are in a business model, for every buyer we need someone to sell. So keep in mind when going up, the sellers are in control and when going down the buyer is in control. Welcome to the Market maker business!Jan 6, 2022

Crypto Banter