AMA Satoshi Club x ADADAO, January 17th

We are pleased to announce our next AMA on January 17th 2022 at 01:00 PM UTC Time: Satoshi Club x ADADAO

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join ADADAO Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. ADADAO Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about ADADAO

For more details:
ADADAO Website – adadao.org
ADADAO Telegram – @adadao_org
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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Junior ||
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Junior ||

I understand that AUSD is easy to generate, access and use, and ADADAO Protocol allows users to earn AUSD by Placing Collateral Assets into ADADAO Vaults. Can you kindly elaborate on ADADAO vaults? Do you have limitations to Number of Vault a single users is allowed to own? Can you elaborate on the collaterals Assets in which users will place into ADADAO Vaults to start earning AUSD, what can users use as collateral assets? Are there any fees or requirements for users to withdraw their earned AUSD from ADADAO Vaults?

Telegram Username
@iceVermithraxx
UncleStrange
Guest
UncleStrange

I understand that the Protocol initiates an Emergency Auction if there is insufficient AUSD in the Buffer. And also recently, a new step has been added where you are supposed to enter your bsc wallet address. This is a compulsory step in order to receive airdrop. Can you elaborate more on the Emergency auction? Has it already been designed and working at the moment? Is the airdrop event still going? Can we also participate and get whitelisted? How can we participate

Telegram Username
@UncleStrange1
Essence
Guest
Essence

ADadao I learnt functions as a DAO and ADAO is the utility and governance Token which allows users to decide how the protocol functions and also gives them a share of the fees raised through the protocol; and ADADAO vaults are non-custodial & permissionless protocol and all generated Stablecoins are backed on chain by an excess collateral. Are there any amount of number of ADADAO a holder is required to hodl to be able to have a say in the governance decision in ADADAO? I learnt AUSD is a stable coin which could be gotten upon ADADAO being staked in… Read more »

Telegram Username
@Billz120
UncleStrange
Guest
UncleStrange

I understand that ADADAO is a DeFi protocol on Cardano blockchain which facilitates creation of fully collateralized stable coins leveraging Native Cardano Assets. The ADADAO Protocol relies on a number of external actors to keep things running. These external factors includes Keepers, Oracles, and Global Settlers (Emergency Oracles). Keepers benefit from the Protocol’s economic incentives; Oracles and Global Settlers are external players who have been granted unique permissions in the system by ADAO voter. Can you elaborate more on these 3 external factors that the ADADAO relies on? Can you tell us the difference between the Oracles and the Emergency… Read more »

Telegram Username
@UncleStrange1
Dani
Guest
Dani

I discovered from your previous AMA session where you made mention that you will have multiple listings on the TGE date. And you confirmed that listing on Pancakeswap and Bitmart for now would be possible, but many more CEX listings are also planned. Why have you chosen these platforms for listing? And when are we to expect the date for the listing to be officially released?

Telegram Username
@Danniblaiz
Moses Alexander
Guest
Moses Alexander

I learned that ADAO and AUSD are Cardano Native Tokens and users need to have a supported Cardano wallet to be able to receive it. They will also be able to trade the token in various exchanges. I’m curious to know, are there any difference between the ADAO and the AUSD tokens? If yes,What are their differences and what are the different use cases of one over the other? Lastly, What are the exchanges which these tokens are listed on? Thank you.

Telegram Username
@Modrumz120
Nansel
Guest
Nansel

I understand that the $ADAO token serves as the ADADAO Protocol’s governance token which allows holders to vote on changes to the protocol. Also anybody can submit suggestions for an ADAO vote, not just $ADAO holders.can you explain how $ADAO token holders can use the $ADAO token to vote?,will their be minimum $ADAO token a holder must have to vote? please can you share with us how anybody can submit suggestions for the ADAO vote?,will their be a requirement to be able to submit suggestions for an ADAO vote?

Telegram Username
@Neilselin
Moses Alexander
Guest
Moses Alexander

I interestingly read from your website that The ADADAO Protocol takes price inputs through the Oracle Verification Module (OVM), rather than directly from the Oracles, to secure the system against an attacker attempting to obtain control of a majority of the Oracles. Can you elaborate more on the Oracle Verification Module(OVM) and how it aid to protect The ADADAO Protocol from cyber attacks? Will there be any future security modifications to protect the ADADAO Protocol? What will be Their main features? You also mentioned that ADAO voters choose Emergency Oracles, who serve as a final line of defence against attacks… Read more »

Telegram Username
@Modrumz120
Dani
Guest
Dani

One part of your ecosystem I really find interesting is the Collateral Auctions. The ADADAO Protocol’s auction procedures allow the system to liquidate Vaults even when price data for the collateral is unavailable. The ADADAO Protocol takes the liquidated Vault collateral and sells it via an internal market-based auction process at the point of liquidation. How is the liquidated price calculated and what is the maximum leverage to which this liquidation can be prevented? Selling via an internal market based auction means what exactly and what do you gain in return in this type of selling??

Telegram Username
@Danniblaiz
Nansel
Guest
Nansel

I learnt that the ADADAO Protocol’s auction procedures allow the system to liquidate Vaults even when price data for the collateral is unavailable. The ADADAO Protocol takes the liquidated Vault collateral and sells it via an internal market-based auction process at the point of liquidation and this process is known as Collateral Auction.however the AUSD acquired from the Collateral Auction are used to pay off the Vault’s outstanding debts, including the Liquidation Penalty fee established by ADAO voters for that specific Vault collateral type.can you outline the process for a user to join the collateral auction process?,what will happen when… Read more »

Telegram Username
@Neilselin
Junior ||
Guest
Junior ||

ADADAO Vaults are the repositories that are used to secure loan collaterals and Assets that are accepted as collateral can be leveraged to mint ADADAO stablecoins. Can you explain more on ADADAO Vaults? What are the advantages and benefits of users placing their tokens/assets as collateral in ADADAO Vaults? What are the different assets that users can place as collateral in ADADAO Vault? I also noted that users can generate Stablecoins while also preserving their investment in ADA, can you elaborate on how users can mint stablecoins with their collateral assets in ADADAO Vaults?

Telegram Username
@iceVermithraxx
Junior ||
Guest
Junior ||

Focusing on the Security Module of ADADAO protocol, I noted that in order to secure the system against an attacker attempting to obtain control of majority of the oracles, the ADADAO Protocol takes price input through the Oracle Verification Module (OVM). Can you explain more on the Oracle Verification Module(OVM)? Can you also elaborate on how the OVM Works to safeguard, and also act as a layer of security between the Oracles and the Protocol? I also understand that ADADAO Holders can choose to deploy emergency oracles, can you explain more on these Emergency Oracles and how they would work… Read more »

Telegram Username
@iceVermithraxx
Chiram chirdan
Guest
Chiram chirdan

I learnt that users can interact directly with Vaults and the ADADAO Protocol, and each user has total and independent control over their placed collateral as long as the value of the collateral does not fall below the required minimum level . please can you enlighten us on the value of minimum Collateral level?,what are the implications of collateral falling below minimum level?

Telegram Username
@Chiramchi
King
Guest
King

I noticed there is an advert on all your platforms regarding the ADADAO $20,000 AIRDROP CAMPAIGN in association with Cardence. This is really great and will ensure a lot of users coming to the ADADAO community. I would like to know if this airdrop campaign actually includes the whitelist campaign or they are separate campaigns? For the Airdrop, 2000 winners would be selected based on how many referrers they are able to get before the end of the campaign period and there is no maximum limit to the number of users that can be referred. Does this entails that there… Read more »

Telegram Username
@Emnking
Chiram chirdan
Guest
Chiram chirdan

I understand that each collateral asset in ADADAO must have its own Vault. As a result, some customers will have many Vaults with various forms of collateral and collateralization levels.does that mean a customer can have as many vaults as he wants?can you elaborate on the collaterize levels and how the collateralisation level is determined in ADADAO vaults?

Telegram Username
@Chiramchi
Nansel
Guest
Nansel

It was mentioned that ADADAO Vaults have a limit on how long Collateral auctions can last. The durations of the debt and surplus auctions are global system parameters.please can you kindly tell us when the auction ends after the period under all circumstances ends?,what is the minimum bid increase?, is the risk parameters determined by maker governance voters per auction type?,in line with this,can you tell us the strategies set in place to prevent over collateralisation in the ADADAO vaults?

Telegram Username
@Neilselin
Văn Thư
Guest
Văn Thư

Where do we expect to see your project Protocol in the short term (at some point in 2021) and 2022 and beyond (long term goals)? In the next 6–12 months, what features will you roll out that will make you truly stand out from the rest??

Telegram Username
@WinterVann
Văn Thư
Guest
Văn Thư

Up to now, how many strategic ventures has the project invested in?

Telegram Username
@WinterVann
Văn Thư
Guest
Văn Thư

Who is your partner, and how does it make an important and significant contribution to your success? Will you disclose in the future to build trust with us?

Telegram Username
@WinterVann
Miriam Michael
Guest
Miriam Michael

About your $ADAO token in terms of governance,you allow all holders of $ADAO to vote applying no minimum or maximum amount of $ADAO to hold before one can vote.You noted that anybody can submit suggestions for an $ADAO vote,not just $ADAO holders.I will say this fair giving all holder whether small or big investors the right to make decisions or vote.But something caught my attention,you said any voter-approved changes to the Protocol’s governance variables will not take effect right away.Can you explain to us what the governance variables are?And you also made mention of voters activating a Governance Security Model.Can… Read more »

Telegram Username
@Cheriemike
Miriam Michael
Guest
Miriam Michael

You mentioned that each vault in the ADADAO Governance has its own set of Risk Parameters that must be followed.Two of these parameters caught my attention.The “Debt Ceiling” and “The Stability Fee”.So in a single collateral type what what is the maximum amount of Debt Ceiling you give each collateral portfolio?And you said once a collateral type’s Debt Ceiling has been reached,it is no longer possible to establish new debt.Can you tell us why?And what if a particular user didn’t pay of his/her debt what then happens?As for the stability fee,it is a one-time levied when a collateralized vault is… Read more »

Telegram Username
@Cheriemike
Miriam Michael
Guest
Miriam Michael

I know this is not part of your project for now or will I say it’s off your project but I am asking to know if in the future you will integrate it in ADADAO platform.Its is NFT.My reason for asking this is because some of your parameters caught my attention.They are “Collateral Auction Duration”,”Auction Bid Duration” and “Auction Step Size” and looking at them the thoughts of NFTs came to my mind.I am moved to asked these questions.So how about allowing users to put up their NFT assets up as a collateral loan or offering loan to other users… Read more »

Telegram Username
@Cheriemike
Palermo
Guest
Palermo

There are currently many stablecoins on the market and more are emerging every day, so I wonder, what benefits does the ADADAO stablecoin bring us over other existing stablecoins like Tether or Binance? What problems do you plan to solve and how do you plan to encourage the adoption of AUSD among people who already use BUSD or USDT? How can we buy AUSD and ADAO and besides buying, in what ways will we be able to generate these tokens in the future?

Telegram Username
@Palermo_19x
Melissa
Guest
Melissa

I read that the ADAO token serves as the ADADAO Protocol’s governance token, this token allows holders to vote on changes to the protocol. If a user wants to only submit suggestions within the DAO, without voting, is it a requirement that he be an ADAO holder in order to submit it? I read that holders can choose the set of Emergency Oracles. Can you explain to us what these Emergency Oracles consist of and what their purpose is? What abilities do they have that differentiate them from other oracles? Under what circumstances would these emergency oracles be used?

Telegram Username
@ItsMelissa3
Tobias
Guest
Tobias

You mention that the AUSD is backed by collateral, what exactly is the collateral and where can we learn more about it? On which platforms can it be used in the future and with which wallets do you plan to have compatibility in addition to the Cardano network? Can this stablecoin in turn be used by those who have not yet started using the Cardano network and generate adoption of this network, or is it only intended to benefit users who have been using this network before?

Telegram Username
@Tobias_JSJX
Lucky Strike
Guest
Lucky Strike

According to the benefits and features of ADADAO and its stablecoins, which users do you recommend to use ADADAO? Which users are you targeting and what are your plans to attract more users in the future? Do you think it will be easy to adopt your stablecoins for users who are just starting in the world of cryptocurrencies or is ADADAO designed for more advanced users?

Telegram Username
@LuckyStrike_0
Zahir
Guest
Zahir

What is your current priority and what area are you focusing on to make ADADAO available to all users soon? How involved will the community be in your ADADAO when making decisions or how much feedback do you take them into account? Do you offer support to your users?

Telegram Username
@SZahir
Azrael
Guest
Azrael

What do you consider to be your most important partnerships for ADADAO to take off as a project and what partnerships do you have in mind for the future that you can tell us about now? How will these partnerships benefit the project and its users? Do you plan to add interoperability between networks or will they always remain just for the Cardano network?

Telegram Username
@Azrael_GC
Rыs'ka
Guest
Rыs'ka

I noticed the name ADADAO – this is DAO – is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain. So, what are the rules for DAO in ADADAO, what are the ways for community members to participate in DAO? I also know that each DAO rewards its community for participating in its development, influencing the work of the organization and making decisions. How does ADADAO reward DAO members for their work and help in the development of the project?

Telegram Username
@NataliyaKil
Rыs'ka
Guest
Rыs'ka

You say you partner with many YouTubers and Telegram influencers. Can you tell us their names, who do you work with? What advertising campaigns and actions to promote information about ADADAO and its development, as well as to attract new members of the community, investors and sponsors, does the marketing plan for 2022 or at least for the next quarter include?

Telegram Username
@NataliyaKil
Mudara
Guest
Mudara

I am curious to know more information about “interest free borrowing”. Are there any prerequisites for borrowers to enjoy this feature? What is the maximum credit limit you have implemented for a single user? Do you increase that limit based on the credit history of each user? What kind of benefits do you get by lending funds with a 0% interest? Do borrowers need to keep a collateral with a higher value when compared to similar platforms which charge an interest? Please explain about the steps you take if a user is unable to repay the loan within the time… Read more »

Telegram Username
@MudaraSilva
Mudara
Guest
Mudara

You have created two native tokens, $AUSD and $ADAO. $AUSD is the stable coin whereas $ADAO is the utility and governance token. Can you clearly explain the utilities of each token? Should users of ADADAO hold both tokens or can they decide which token to purchase based on their requirements? When there are plenty of popular stable coins such as USDT, BUSD and USDC, why did you create your own stable token as $AUSD? Can we exchange $AUSD with USDT/BUSD? Will this token be available on some centralized/decentralized exchanges? Is $ADAO exchangeable to $AUSD and vice-versa?

Telegram Username
@MudaraSilva
Mudara
Guest
Mudara

You will be launching the staking feature within next quarter. Can you give a sneak peek on your staking mechanism? Will there be several tiers? There may be users who choose ADADAO just as an investment. Will your staking feature be suitable for them? Can they generate a passive income by staking a considerable amount of tokens? You have two tokens, $AUSD and $ADAO. Which token should be staked? Do you distribute rewards with the same token or will there be a separate reward token? Do you implement an unstaking fee? Compared to staking programs on similar platforms, what are… Read more »

Telegram Username
@MudaraSilva
Rыs'ka
Guest
Rыs'ka

KICK.IO launchpad will host the public sale of ADADA. ADADA O’s public sale will kick off on January 25, 5 PM UTC and will run until 2 February, 5 PM UTC. Can you please tell us what kind of launchpad it is and what opportunities open up for a project whose public sale is taking place on Kick.io? This event has already been announced, can we find out about its full conditions and rules?

Telegram Username
@NataliyaKil
Kanu
Guest
Kanu

I found out that some risks have been identified against which ADADAO Governance must take the required actions to mitigate risks in order for the ADADAO Protocol to function properly. The threats which have been identified include;
-A malicious attack on the smart contract infrastructure by a bad actor
-A black swan event; E.g. include: ‘An attack on the collateral types that backs AUSD’, or ‘A malicious ADADAO Governance’. Can you give a detailed explanation on the mitigation strategy that will be employed at each point in the event that any of these threats occur?

Telegram Username
@chinyere2020
Kanu
Guest
Kanu

In order to determine when to initiate Liquidations, the ADADAO Protocol requires real-time information regarding the market price of the collateral assets in ADADAO Vaults. I learnt that the protocol’s internal collateral values are derived through a decentralized Oracle infrastructure made up of a large number of unique nodes known as Oracle Feeds. Can you give more information about this? What happens if an Oracle is hacked? What is the system setup to ensure little or no damage is done if an Oracle is hacked?

Telegram Username
@chinyere2020
Kanu
Guest
Kanu

It was recently announced that the IDO of ADADAO ($ADAO) which will take place on the Kick.io launchpad will commence on the 25th of January and come to an end on the 2nd February. Can you give more details about this IDO? How can interested users participate in this IDO? What are the requirements that users must meet to be eligible for participation in this IDO event? Will participants of this IDO be required to complete any form/level of KYC verification? At what price will $ADAO be sold during this IDO? What are the cryptocurrencies that can be used to… Read more »

Telegram Username
@chinyere2020
JaviSuBs
Guest
JaviSuBs

Greetings ADADAO You recently announced the addition of kicklaunchpad to your project as a launch pad partner. How important is Kick as a partner for ADADAO and what role does it play on the platform? for when we will see a new release of IDO on the KiCK.io launch pad, can you tell us a date of this new release and the requirements to participate in your new IDO? Can you explain how it will be possible to create stable coins in ADADAO?

Telegram Username
@JaviSuBs™
Eunice
Guest
Eunice

The ADADAO protocol,in addition to it’s smart contract infrastructure relies on a number of external actors to keep things running.And one of such external actors is the KEEPER
Keepers are market participants who assist AUSD in maintaining it’s target price ($1).Do this keepers volunteer themselves or they’re being selected based on their Experience in the market?Are they also classified as part of the DAO team? will keepers be incentivized for acting as external actor to help keep things moving?

Telegram Username
@Ask4unik
Eunice
Guest
Eunice

In a case where the initial auction fails to generate enough AUSD to cover the vaults liabilities the protocol then initiates an Emergency Auction when there’s insufficient funds in the buffer, Can you elaborate more on this Emergency Auction? will it be an internal market-based auction,or it will be External market based since it’s an emergency?it’s likely to experience an Emergency Auction sometimes to cover up insufficient AUSD and owners might want to know more about this feature and how it works when are we expecting to have a detailed protocol on this?How will ADAO token be used to bring… Read more »

Telegram Username
@Ask4unik
Eunice
Guest
Eunice

While reading it caught my attention to know that ADADAO protocol’s auction procedures allows the system to liquidate vaults even when price data for the collateral is unavailable.whats the protocol’s reason for that? Would it not be fair to wait ,in order to know when the price data for the collateral will be available before liquidation? furthermore ADADAO protocol takes the liquidated vault and sells it vai an internal market-based auction process at the point,does the price of the liquidated vault collateral be sold based on its value or otherwise?Does the protocol determine the price in which the collateral can… Read more »

Telegram Username
@Ask4unik
JaviSuBs
Guest
JaviSuBs

Will ADADAO work together with the $ADAO Token, as the world’s first interest-free stablecoin protocol and pioneer this new system of creating stablecoins through native Cardano assets? what is the guarantee and security that they offer in your project when presenting something new, can you explain how ADADAO will work and what are its objectives to be met? Will the $ADAO Token work for protocol governance and what will it allow users to do? can token holders have the right to vote and make decisions for improvements in the ADADAO project? What is the amount that a holder of $ADAO… Read more »

Telegram Username
@JaviSuBs™
Ariana
Guest
Ariana

In your documents you explain that the tokens $ADAO and $AUSD will be available to trade in various exchanges, so it would be interesting to know your future plans of lisitng in the most used exchanges in the market… It will be possible to incorporate these pairs in markets like Binance? What is your long-term view of this and what advantages does it offer over commonly used stablecoins like BUSD, USDT and more?

Telegram Username
@Arisabela
Ariana
Guest
Ariana

As I understand there are several ways to participate in a DAO like the one proposed by your project, one of the ways is through the ownership of tokens, could you tell us how will be the participation of investors on your DAO system? What benefits will it be and what will be the rules to keep the ecosystem in order?

Telegram Username
@Arisabela
Edgar Casanova
Guest
Edgar Casanova

Hello ADADAO Team, I know that the public sale will take place on KICK.IO. For what date is the public sale of ADADAO planned? Will it start on what day of this month and how long will it last? On what date will the closing be? can you provide us with this information What will be the value of the ADAO tokens? and the payment options to be able to acquire? only ADA or can we buywith other stablecoins? Will KYC verification be required to participate? Please explain this event to us.

Telegram Username
@EdgarCNova
Jesus Freites
Guest
Jesus Freites

I read that for Q1 of this year, they have planned the Protocol Stablecoin Stake Launch Design Basic. Can you give us a preview of the development of this model? What will be the main mechanics you will adopt around the $AUSD to allow users to participate in the best performance generation system in the market? What advantages will the $AUSD offer compared to other stablecoins?

Telegram Username
@JesusFre1tes
Jesus Freites
Guest
Jesus Freites

“Create and collateralize a vault”, in one of the most prominent features of ADADAO vaults. My question is, what advantages does this collateralization have for those who decide to participate in your vaults? How will this approach help maximize the profits that users have deposited in ADADAO vaults?

Telegram Username
@JesusFre1tes
Nhairy
Guest
Nhairy

In addition to the participants who are the main investors, that other people or external entities are collaborators and direct partners of the platform, What is the competitive advantage that your project has in which you feel more secure, what are the benefits offered by your loan model, who are your liquidity providers, are there external entities linked to the granting of loans?

Telegram Username
@nhairym
Yhandaneez
Guest
Yhandaneez

This is an investment in that you can become involved! What strategy do you really have in order to effectively manage the marketplace with the event of an unexpected upcoming event? Particularly the subject of stealing, which has contributed in others members’ confidential detail becoming revealed as part of its marketing strategy? Is your ADADAO website ready for the task?

Telegram Username
@she_lli
Yandaneez
Guest
Yandaneez

This is an investment in that you can become involved! What strategy do you really have in order to effectively manage the marketplace with the event of an unexpected upcoming event? Particularly the subject of stealing, which has contributed in others members’ confidential detail becoming revealed as part of its marketing strategy? Is your ADADAO website ready for the task?

Telegram Username
@she_lli

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