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Crypto Wealth Transcript

October 13, 2022 / 1:00 pm

Satoshi Club, Crypto Wealth
500$ prize
Read Recapitulation
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Part 1 — introduction and questions from the Telegram & WebSite

RRobocop | Satoshi Club

Greetings, Satoshi Club ! Today is really a special day because we will have special AMA with Krypto Wealth

RRobocop | Satoshi Club

We would like to introduce our special guests from Krypto Wealth @DeAdrianF, @CosminDE, and @Olici

AAndrés M. | Satoshi Club

Hello everyone, welcome to another fantastic AMA chapter

DDe Adrian F

Hello everyone and thank you for the introduction !

DD E

Hello everyone. Glad to be here with all of you.

AAndrés M. | Satoshi Club

It is a big pleasure to have the @Krypto_Wealth_Platform team with us

RRobocop | Satoshi Club

Hello nice to meet you guys, how was your day?

AAndrés M. | Satoshi Club

How are you guys?

DD E

We are great. Thank you guy for joining Us

AAndrés M. | Satoshi Club

You're welcome

RRobocop | Satoshi Club

Let's begin our AMA with introduction

RRobocop | Satoshi Club

Can you please introduce yourself? when did you start to know Cryptocurrency and how did you start involved in Krypto Wealth project?

DDe Adrian F

We are all excited to be part of this popular chat channel

AAndrés M. | Satoshi Club

And we are excited to learn as much as possible about your project

DDe Adrian F

The core members of our team are long time supporters of cryptocurrency since 2010. In that time Bitcoin was king and the new concept of crypto was taking off

AAndrés M. | Satoshi Club

Amazing, you are veterans in this field

DDe Adrian F

Immediately we unedstood that crypto is the future. ALong those years we have participated to various cryptocurrency projects and platforms refining our skills

RRobocop | Satoshi Club

Great! i believe your team already expert in crypto world

DDe Adrian F

Yes , you can say that, haha, we saw the humble beginnings of Bitcoin, the cloning era that begun with Litecoin and most recently the exxtraorinary power of Ethereum

RRobocop | Satoshi Club

By the way, what is Krypto Wealth Project in a nutshell ?

DDe Adrian F

And now we experience an explosion of cryptos , the rise of the nft's , Dao's smart contracts and diversification of the blockchain technologies and platforms

AAndrés M. | Satoshi Club

Great, I wish to be an earlier investor like you and your team, congrats for that, you have come a long way in this fascinating crypto world

DDe Adrian F

Krypto wealth Platform combines the power of crypto with the most efficient, environmentally friendly method to produce Green energy. This synergy will certainly disrupt the green Energy Producing market bay allowing access to the process of producing and selling energy for everyone via staking and smart contracts

DD E

We want all investors to be our partners. We GROW TOGETHER.

AAndrés M. | Satoshi Club

How do you reach that? Which protocol do you use?

DDe Adrian F

Thank you for your very important question. We have decided to integrate "vertically" and produce an "in -house blockchain solution. The blockchain tech we choose is Substrate ( similar to DOT Polkadot for example )

DDe Adrian F

The KWE token is our native token that runs on KWE NEtwork. Our blockchain is a POS of course , we keep in line with being environmentally friendly by employing this low energy consupmtion blockchain

RRobocop | Satoshi Club

Thank you for the great Intro @DeAdrianF and @CosminDE

DDe Adrian F

The network is also capable of deploying smart contracts ( a feature we are currently testing and soon will be released)

AAndrés M. | Satoshi Club

Great decision, the future is eco-friendly

AAndrés M. | Satoshi Club

Well, thank you so much for the incredible introduction about you and about the project, are you ready to proceed with the community questions?

RRobocop | Satoshi Club

We have collected 6 community questions for part 1 from Satoshi Club community, ready to proceed?

DD E

Exactly. Future is eco-friendly. And together we can change in good.

DDe Adrian F

Yes, we are happy to be here, so let's go

AAndrés M. | Satoshi Club

Q1 from Telegram User @charlest1997 I see from your site that $KWE Pre-Sale will start from 1st December 2022 until 15th December 2022. If I want to participate the Pre-Sale, can you tell us what are the requirements and preparations in order to participate the Pre-Sale ? What stablecoin do we need to prepare for the Pre-Sale ? I got attention from your whitepaper that the second round of the token sale will be Crowd Sale and the tokens will be unsold tokens at Pre-Sale. So, The question is will you hold the Crowd Sale if the first round of the Pre-Sale is sold out ? What is the minimum buy and maximum buy on crowdsale ? Lastly, in order to maintain the KWE tokens value, the Foundation will repurchase KWE tokens every quarter for the first two year. How can you give the transparency that the Foundation will repurchase KWE tokens ? Can you tell us the reason why Krypto Wealth decided to repurchase instead of burn mechanism to stabilize the price of the token ?

DDe Adrian F

ok I will break down your question in few answers below

AAndrés M. | Satoshi Club

[In reply to De Adrian F] Take your time, we know is a lot of info to spread

DDe Adrian F

The first part of the question - I see from your site that $KWE Pre-Sale will start from 1st December 2022 until 15th December 2022. If I want to participate the Pre-Sale, can you tell us what are the requirements and preparations in order to participate the Pre-Sale ? The Answer is - As you are probably aware our platform comes with an exchange (https://krypto-wealth.org) In order to participate in the Pre-sale you will need to register on the exchange as you would on any other exchange. Once you are registered you need to pass the KYC and you will be able to participate in the ICO through the dedicated ICO module.

DDe Adrian F

What stablecoin do we need to prepare for the Pre-Sale ? We currently are aiming to set up in the exchange the following main stablecoins: -Tether (USDT) -USD Coin (USDC) -Binance USD (BUSD)

RRobocop | Satoshi Club

[In reply to De Adrian F] For the Pre-Sale, can you share an information about how much the price it start ?

DDe Adrian F

I got attention from your whitepaper that the second round of the token sale will be Crowd Sale and the tokens will be unsold tokens at Pre-Sale. So, The question is will you hold the Crowd Sale if the first round of the Pre-Sale is sold out ? Yes we will hold it because we have different percentages allocated for each round . As stated in our extended white paper on our website at https://krypto-wealth-platform.com we allocated 40% for the Pre-sale and 10% for the Crowd-sale ( Out of 777 million KWE issued)

DDe Adrian F

What is the minimum buy and maximum buy on crowdsale ? We have set in the ICO module the following parameters for participation in both the Pre-sale and Crowd sale - 100 KWE is theminimum and 1,000,000.00 is the Maximum

DDe Adrian F

Lastly, in order to maintain the KWE tokens value, the Foundation will repurchase KWE tokens every quarter for the first two year. How can you give the transparency that the Foundation will repurchase KWE tokens ? Yes I am happy that yo have asked the question. One great benefit of crypto is the transparency of the transactions and as you know all transactions can be verified on the blockchain explorer including the repurchasing of the tokens. In order to be transparent we will provide publicly the Foundation address and the KWE amounts that we will repurchase .

DDe Adrian F

and the last part of the question below

DDe Adrian F

Can you tell us the reason why Krypto Wealth decided to repurchase instead of burn mechanism to stabilize the price of the token ? The thought behind this decision came from our development team. During a meeting when we started to work on the concept and as a rule we did not wanted a large supply in Billions of tokens. We will rather reuse and have the tokens re-enter the economy.

OOlycks

I guess that once the DAO will be in place this will be a democracy decision if to burn or repurchase

AAndrés M. | Satoshi Club

Perfectly explained, thank you so much Adrian

DDe Adrian F

I hope this answer the first question but please feel free to join our Telegram channel where we can expand on any of this answers - https://t.me/Krypto_Wealth_Platform

DD E

We start this project BUT our GOAL is to be TOGETHER project. We all need to grow this. Our Planet will benefit. Everyone who gone participate will GROW. We all work, we all invest ,WE all BENEFIT. That is our GOAL. Without you guys, WE cannot GROW

RRobocop | Satoshi Club

Thank you for the detailed answer Adrian

DDe Adrian F

You are welcome , we are trying our best

RRobocop | Satoshi Club

Welcome to Satoshi Club @Olycks

OOlycks

Please notice that on the current KWE platform the governance and democracy are based on endorsement and voting not tokens

AAndrés M. | Satoshi Club

[In reply to D E] Completely agree, that's the correct way to reach the mass adoption

AAndrés M. | Satoshi Club

[In reply to Olycks] Thanks for the clarification, ready yo proceed with the second question?

RRobocop | Satoshi Club

Do you want to add anything or we can go to next question?

DDe Adrian F

No I think we covered the first question

AAndrés M. | Satoshi Club

Q2 from Telegram User @Julian_US I understand that your financial activities from staking procedure to rewards distribution, on chain governance and democracy and the smart contracts necessary for the proper operation of the platform ,will be based on DAO’s. This is quite good giving the community a say. I would like to know, How does the Krypto Wealth DAO works? Is it (the DAO) currently up and running? What type of voting mechanisms does the Krypto Wealth adopt? Does a user needs to stake the $KWE to participate in the DAO governance? If yes, How much worth of the $KWE does a user needs to hold to receive voting rights in the DAO? How long does a user needs to lock their tokens to be eligible for being part of the DAO? Is there a form of anti-whale mechanisms deployed so as not limit power to a particular set of users? Tell us the maximum amount of $KWE a user can buy. Thank you.

OOlycks

At this point the reward is set to zero. When started, the staking rewards will initially be low, not only to prevent reward sharks but also to prevent unnecessary inflation.

OOlycks

Once the real value will be brought in from green energy, the rewards will be covered from the real economy.

OOlycks

but there will be an income from smart contract gas fees

OOlycks

so the whole idea is to develop as much as possible both initial income strams: smart contracts and later green energy

OOlycks

As I said, the governance is based on endorsement and voting not tokens

AAndrés M. | Satoshi Club

How is established the APR of the staking program? what does it depend on?

RRobocop | Satoshi Club

Beside for DAO and staking, does $KWE token have other function inside Krypto Wealth platform ?

OOlycks

The platform can be set to different reward percentage but we start with rather lower reward on staking. obviously, the figure is applied to the staking amount. Please bear in mind that the system is under PoS rules

DDe Adrian F

Just to clarify - In the initial stage it will be a set amount and once we have some field data from the pilot project ( an actual green energy producing unit ) the APR can be determined more accurately in order to be sustainable and not lead to a crash

DDe Adrian F

Yes - the KWE will play a function of bonus reward in certain conditions other than staking

AAndrés M. | Satoshi Club

Thanks for the clarification, very complete answer.

RRobocop | Satoshi Club

Thank you for the clear answer

RRobocop | Satoshi Club

Are you ready for the 3rd question ?

DDe Adrian F

And the last part of the question - Tell us the maximum amount of $KWE a user can buy. Thank you. - the max amount ( during ICO -Presale and Crowd sale ) is 1 million. On the free market and trading there will be no limit but we will set a transaction max

DDe Adrian F

Yes we are ready - sorry we coordinate in real time on audio as a team

AAndrés M. | Satoshi Club

That explains the complete answers, thank you guys

AAndrés M. | Satoshi Club

Q3 from Telegram User @silver_splash Good day, To interact with the Krypto Wealth ecosystem, I see that there is need to install the app on mobile phones. Currently, at what stage of development is the Krypto Wealth app? What plans do you have towards testing the app before it goes live? Can you highlight some functions that the App can run? As an iOS user and knowing that Apple doesn’t grant easy access to some applications; do you aim to make the app available for iOS and PC users? Also, I saw that the platform was built with a state of art security solutions, explain how these solutions work to guarantee maximum protection of users’ funds.

DDe Adrian F

Ok so the first part of the question - To interact with the Krypto Wealth ecosystem, I see that there is need to install the app on mobile phones. Currently, at what stage of development is the Krypto Wealth app? Hello and thank you for the question – Yes the apps are a feature that will be deployed by the time the KWE will be listed on Exchanges ( currently the listing is scheduled for the end of December 2022).

DDe Adrian F

What plans do you have towards testing the app before it goes live? Testing is very important in order to deliver a top notch product . Beside our in house testing we will submit the code to a third party automated testing solution that will test it on hundreds of devices and on all screen sizes available and all browsers.

DDe Adrian F

Can you highlight some functions that the App can run? The Apps will mirror the Exchange and the blockchain functionality and will have of course the staking features which will be activated as soon as KWE will be listed on the exchanges.

DD E

Everything Will be tested and re-tested before we gone lunch. Our team work around the clock to heat 100%.

AAndrés M. | Satoshi Club

Will it be launched on Play Store and Apple Store, right?

DDe Adrian F

As an iOS user and knowing that Apple doesn’t grant easy access to some applications; do you aim to make the app available for iOS and PC users? Yes once deployed in the IOS Store the app will be widely available. However the desktop version is not on our priority list at the moment since we have the infrastructure available on PC anyways.

RRobocop | Satoshi Club

Speak of security and protection for user, how about security for smart contract? do you have plan to do audit?

AAndrés M. | Satoshi Club

That answers my question

DDe Adrian F

Also, I saw that the platform was built with a state of art security solutions, explain how these solutions work to guarantee maximum protection of users’ funds. Sure, we have an adaptable system ( capable of scaling up if demand increase and scale down when demand returns to normal ) and various customized hacking and fraud prevention methods ( in addition to the secure logging in and the use of 2FA for the users)

DDe Adrian F

Re - smart contracts and platform we will have a third party licensed company auditing us

RRobocop | Satoshi Club

Thank you for the clarification

DDe Adrian F

sure no worries. we want to keep the confidence and transparency level high for our users

DDe Adrian F

The KYC is done manually for now and consists of ID, Selfie w ID, proof of utility bill to match the ID address and a valid phone number. As soon as the exchange will become very busy we will externalize the kyc to a more automated method.

OOlycks

In order to get all functionality of the blockchain there is not need to mobile app, the functions are available via web wallet and the js browser extension. Most of the users will find easier to interact with our exchange rather than directly with the chain, which also has integrated staking. We strived to launch the platform along with our own exchange, which is ready. The exchange mobile apps are ready to roll, some final tests only.

AAndrés M. | Satoshi Club

Excellent answer, we are happy to know you are confortable talking widely about the internal and technical process of the project

AAndrés M. | Satoshi Club

Well, let's proceed with the next one

RRobocop | Satoshi Club

Thank you, we will wait good news from Krypto Wealth team to launch this

AAndrés M. | Satoshi Club

Q4 from Telegram User @blessing_chum Greetings Krypto Wealth Team, You had mentioned that KWE is a Blockchain project connected to the real world economy. In this regard, I will firstly wish to know about how we can participate in this revolutionary project (can you list out some income generating entities that you in place for the general platform users)? How expensive is it for a user to get started on Krypto Wealth platform? How do you create value in the real world by using crypto and the power of blockchain tech combined with ultra-efficient green energy-producing projects? Can you state some utilities that Krypto Wealth covers in the real world scenario?

OOlycks

As security measures, all starts from the server settings and then goes to the application layer. The actual PoS system is bullet proof through encryption and blockchain nodes that keep and check the integrity of the data.

OOlycks

At exchange level we also have some extra measure in place. Please notice that all components run on our inhouse cloud solution. Be informed that we also own some server infrastructure.

AAndrés M. | Satoshi Club

[In reply to Olycks] That means that everything is SAFU

OOlycks

always start with safety in your mind!

DD E

One commitment for our partners to be,, everything will be crystal clear. We gone answer everything to make everyone comfortable. That is our promise

RRobocop | Satoshi Club

I am happy to hear that safety become the main priority

DD E

Safety is 100% in our mind. And transparency.

AAndrés M. | Satoshi Club

[In reply to Olycks] That's the key of the success, great job caring about it

OOlycks

Initially we wanted to go on Oracle cloud but in time we developed our won which gives us more confidence. CDNs can be easier deployed etc

DDe Adrian F

Ok so to answer the first part - You had mentioned that KWE is a Blockchain project connected to the real world economy. In this regard, I will firstly wish to know about how we can participate in this revolutionary project (can you list out some income generating entities that you in place for the general platform users)? How expensive is it for a user to get started on Krypto Wealth platform? - This is a great question and our answer is basically the essence of the platform - ANYBODY around the world will be able to participate in the generating of the Green Energy , buying and selling process of the Green Energy - and make a profit. Of course now we are in the startup mode and the options to participate are to buy in the Pre-sale and Crowd sale amd immediately after in the staking process to earn rewards

DDe Adrian F

How do you create value in the real world by using crypto and the power of blockchain tech combined with ultra-efficient green energy-producing projects? Can you state some utilities that Krypto Wealth covers in the real world scenario? The answer is a bit technical but i will do my best - Every day the energy is produced - during the day the energy is produced by solar panels and is bought by the users through staking process of KWE. This bought energy is used to arm the Gravity storage batteries ( see our white paper for mere details on Gravity Storage). At night the cycle is reversed and the Gravity storage battery discharges the stored energy selling it at the peak hours price and therefore the profit which will be shared among the users that staked in the initial phase

DDe Adrian F

Really is the key to disrupt the Green energy Merkets

DDe Adrian F

And we are very proud of this concept

DDe Adrian F

We have prepared a small movie that can be played too illustrate the concept

AAndrés M. | Satoshi Club

And we understand the reason. It's amazing what your team has developed

DDe Adrian F

https://www.youtube.com/watch?v=66N3DX5HFmQ

RRobocop | Satoshi Club

Awesome! thank you! Video is always a good source of info

AAndrés M. | Satoshi Club

Let's check it, Satoshiclubbers

RRobocop | Satoshi Club

It's a bit technical but its proof that Krypto Wealth is real green project ! Thank you

DDe Adrian F

Haha, we hope that we captured the essence of our platform in this short video

RRobocop | Satoshi Club

Thank you for the awesome answer, do you want to add something or we can go to 5th question?

DDe Adrian F

Yes - I would just add that the Gravity Energy storage concept it is the cheapest , most environmentally friendly , most performant and has the longest lifetime of operation ( approx 60 years)

AAndrés M. | Satoshi Club

For sure it you did. And this is a very interesting feature about your project, that's why our next question cover a little bit more about green energy.

AAndrés M. | Satoshi Club

Q5 from Telegram User @jameslekan664 Hello, I clearly noted an interesting feature about the Krypto Wealth platform: the KWE tokens “24hr cycle staking process”. Can you explain in details how this staking program works? I also observed that during the day, the solar panel fields produces energy that can be sold through the staking smart contracts using $KWE as the currency. As an Electrical Engineer, I admire this concept. But what happens at night or in seasons when sunlight availability is minimum? How do you complement the Solar Panels so that the 24hr cycle staking keeps running and remain beneficial always? Once the 24hr staking process completes, how are profits generated being split? In conclusion, how do you generate funds to build these solar panels because it will surely cost a fortune?

AAndrés M. | Satoshi Club

Partially covered, BTW.

RRobocop | Satoshi Club

Partially covered on 4th answer, but i believe you can add some detail about this

AAndrés M. | Satoshi Club

I agree

DDe Adrian F

Yes haha partially covered but we appreciate the question coming from a Electrical Engineer this time so let's answer very short

DDe Adrian F

First of all the 24 hours cycle was the easiest to give as an example. The staking periods can be longer ( 1 week, one month one year ) The generated profits will be split based on the participation percentage of each user.The profit is generated by the difference of the price between daytime ( cheaper) when electricity is being prduced and selling it at nigh time ( peak hours - more expensive)

DDe Adrian F

We anticipate great interest from local governments - we will definetly ask for tax exemptions, long term land lease and possible funding in exchange for preferential rates for the Green energy produced over long term contracts ( 50 years)

DDe Adrian F

so that plus using our own funds will cover the cost of the solar panel fields

DDe Adrian F

Ok so last question please

RRobocop | Satoshi Club

Thank you for the detail answer let's proceed to 6th question

AAndrés M. | Satoshi Club

You're the boss, thanks for the complete answers, we really appreciate it

AAndrés M. | Satoshi Club

Q6 from Telegram User @Danylko_ua Hello Kryto Wealth Team, On your whitepaper you had mentioned that Krypto Wealth offers better opportunities as compared to traditional Banks. As a lover of decentralisation, I will like to know your base of comparison between Krypto Wealth and Traditional Banks, as compared to Banks, how is the Annual Return, Incentives and Participation structured on Krypto Wealth and why is it beneficial to choose Krypto Wealth over traditional Banks? What region of the world can participate in your project? How do you address issues of countries that has placed a ban on crypto related activities?

OOlycks

OK, this is a pretty wide question, which aims toward DeFI vs traditional banking so most of the principles of DeFi applies here as well. However we brought this new concept to connect crypto to some real world money as is the green energy project

DDe Adrian F

I would also say that what differentiate us as a project at this time is that now is the perfect storm to launch our platform . The latest global events , the energy prices and the denmand for Green Energy is skyrocketing

OOlycks

the future belongs to smart contract I guess

DDe Adrian F

and implicitly to crypto and KWE token "The electrified Token "

AAndrés M. | Satoshi Club

Completely agree

RRobocop | Satoshi Club

Thank you for all the great answer from part 1! It's really informative and good time.

AAndrés M. | Satoshi Club

Well, with that we complete the first part of this fantastic and informative AMA. It's a big pleasure to know all the details of an innovative project like Krypto Wealth

RRobocop | Satoshi Club

Now let us proceed to 2nd part of AMA with Live section from audience. are you ready for the rain of question?

AAndrés M. | Satoshi Club

We will open the chat and when we closed it you should answer your 10 favorites questions

RRobocop | Satoshi Club

The chat will open for 120 sec and then chat will be close again, please wait until chat closed, after that you can start select 10 best questions !

AAndrés M. | Satoshi Club

Prepare your fingers

AAndrés M. | Satoshi Club

Let's open the gates

RRobocop | Satoshi Club

Chat open in 5

Show more

Part 2 — Live questions from the Telegram community

S@Satoshi_2010

Many popular exchanges also got compromised in previous time due to security breach, how will you ensure your users and traders that it will not happen on Krypto Wealth Platform?

OOlycks

Most of the krypto exchanges related incidents were based on user errors. There were some breaches probably but as long as we don’t think the cryptography is a safe way of securing assets we should not be in the crypto. We have several layers of protection, some can be exposed some other don’t. E.g., cold storage is bullet proof but all starts from internet layer, where we also encrypt the DB. On the app itself, a WAF and access control do an excellent job. But the discussion is long and involves a lot of theory. The bottom line: we have a dedicated highly qualified sysadmin team.

M@Monkey_De_uiy

How exactly Staking Staking KWE tokens will produce Green Energy?

DDe Adrian F

The staking process is based on buying energy with tokens and selling it at a profit. The profit is shared among the stakers

VValobasha..

CAN you explain How is your Tokenomics Distribution? How many tokens will be minted? How many tokens can be locked by the team?

DDe Adrian F

Please review our extended whitepaper for complete answer - https://krypto-wealth-platform.com/843-2/

7785

Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one ?

DDe Adrian F

yes we do have an Ambassador program and we appreciate your offer. Please send your CV to our email [email protected]

SSamoa Joe

Can you please talk about security have you platform been audited yet.

DDe Adrian F

The platform will be audited on a yearly basis by a licensed auditor and the results will be made public on our website. The next auditing process is scheduled for December 2022 before the listing of the KWE on exchanges

T@Tavasya23

No Project Today Is Build on the GREEN 💚 ENERGY But I Saw that Your platform Will be Build on the GREEN ENERGY , Really You are Doing Good Job Can I know How You got Inspiration to Build this Sustainable Platform ?

DDe Adrian F

Very good question. It all stems from the fact that for so long the traditional ways of industrialization have damaged so much the environment. The other fact is that traditional energy producers do not really want to change their ways so we need to come up with a revolutionary concept that will allow everyone to participate and disrupt the status quo

Y@YRUSelling

I read Krypto wealth is built on Substrate. Can you tell me why you chose Substrate to build your platform?

DDe Adrian F

Thank you for your question - Substrate make building a blockchain far easier, faster, cheaper and safer than ever before. As an open-source framework, developers gain free access to a wide code base developed and used by industry leading teams, building some of the biggest networks today.

Show more

Part 3 — Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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