AMA Satoshi Club x Bridge Network (Voice AMA), April 22nd

We are pleased to announce our next AMA on April 22nd, 2022 at 05:00 PM UTC Time: Satoshi Club x Bridge Network (Voice AMA)

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Bridge Network 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. Bridge Network Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Bridge Network

For more details:
Bridge Network Website – bridgenetwork.com
Bridge Network Telegram – @BridgeNetwork0x
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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Nhairy
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Nhairy

What are the main tools provided by the Bridge Network, who can have access to its protocol and what are the main challenges it may face, will the Bridge Network be available for DEX and CEX, does it have a specific pattern to meet or can it cover both sectors?

Telegram Username
@nhairym
Eunice
Guest
Eunice

It was recently announced that Bridge Network ($BRDG)will be listed on Lbank exchange,Can you tell us what you plan to achieve by listing on Lbank? What additional value will listing on Lbank add to your project? Will listing on this exchange reduce high gas fees and provide seamless transactions? Can you give us some hints about Lbank? Explain.Thanks

Telegram Username
@Ask4unik
John
Guest
John

You already did a testnet before but I saw that you began another round of testnet, Testnet 2.0, some months ago. In most situations, after a single testnet and evaluation of feedbacks, the MainNet is released. How was the feedback from Testnet 1.0 and what necessitated Testnet 2.0? What new features are users going to test or play with and is this second round of testing still open? Also, I saw that your testnet activities is incentivized to the tune of 7 million $BRDG as reward. Can you say how this reward will be shared? Lastly, after this round of… Read more »

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@Highpee
Miriam Michael
Guest
Miriam Michael

Bridge Network is built on a decentralized infrastructure that enables anyone to run a node and participate in securing the network.So what are the minimum requirements to run a Bridge Network full node?Can you tell us how many nodes are running in your ecosystem?What is the time frame like to run a node or will be run 24/7? Suppose a node misbehaves or tries to propagate incorrect information,can another node file a complaint on that and will such a dishonest node be disconnected from your network?Please tell us is the specified amount of $BRDG the nodes are to collateralized a… Read more »

Telegram Username
@Cheriemike
Miriam Michael
Guest
Miriam Michael

The Bridge Network toolkit is made up of 6 cross-chains and I noticed that each tool has been assigned a name.Token Bridge-THE VANDERBILT, NFT Bridge-
THE PICASSO, Custom Tokens-
THE ROCKEFELLER, Multi-chain explorer-
THE COLOMBUS, Cross Chain Trading-
THE CARNEGIE and Cross-Chain Yield aggregator
THE TULL.So can you give a brief explanation on this unique products of yours?And why did you see it fit to assign names to each tools,what do these names represent? Will you add more products in the future if there is a need for that or you will just focus on this 6 toolkits and its sustainability?Please explain Thanks

Telegram Username
@Cheriemike
Abdulmajid
Guest
Abdulmajid

During the course of my Findings about your Project, I realized that you currently have about 6 EVMs (Ethereum Virtual Machine)
chains connected to your network, and that you’re able to integrate any EVM network in less than 1 hr, that’s really interesting to know. And hence, so apart from
Ethereum
-Binance smart chain
-Avalanche
-Polygon
-Kucoin community chain and
-Fantom, do you plan on integrating more chains in future?, how about EVM to non-EVM networks, do you have Services in place for EVM-non EVM networks in place yet? Thanks

Telegram Username
@thisistoyin
Abdulmajid
Guest
Abdulmajid

Knowing that BRIDGE NETWORK came about from the struggles of transacting cross-chain & I noticed that you’ve been developing bridge network for the past 7 months. I notice that Bridge Network a created the very first of its kind tool that you call the ROCKEFELLER. And that this tool is said to ba an Multi-Chain Issuer, which Basically allows any token issuers to take their token multi-chain. I’m really curious in knowing more about these ROCKEFELLER tool, can you please explain How it really functions In Bridge Network? Is it fully functional? And what could be advantage that it present… Read more »

Telegram Username
@thisistoyin
Nhairy
Guest
Nhairy

The bridge tool kit is made up of 6 main tools; an NFT bridge, a token bridge, a cross-chain trading platform, a cross-chain farming platform, a multi-chain explorer, and a token wrapper for any existing token to cross Cain, but what is his master tool, what is the balance point to couple all the tools and achieve optimal and effective operation of your protocol, who you identify as your potential users and how your protocol can contribute to the solution of problems and weaknesses Defi?

Telegram Username
@nhairym
Abdulmajid
Guest
Abdulmajid

Knowing that BRIDGE NETWORK came about from the struggles of transacting cross-chain & I noticed that you’ve been developing bridge network for the past 7 months. I also notice that Bridge Network created the very first of its kind tool that you call the ROCKEFELLER. And that this tool is said to ba an Multi-Chain Issuer, which Basically allows any token issuers to take their token multi-chain. I’m really curious in knowing more about these ROCKEFELLER tool, can you please explain How it really functions In Bridge Network? Is it fully functional? And what could be advantage that it present… Read more »

Telegram Username
@thisistoyin
Achubasil
Guest
Achubasil

I read that the vanderbilt is a tool that enables users to move a single token from one blockchain to the next. Can you tell us in details the amount of maximum and minimum amounts of tokens that can be bridged in a single transaction and ? How economical is your gas fees? Also tell us the supported chains that are available?

Telegram Username
@achubasil
Nhairy
Guest
Nhairy

What are your strategies to protect the Bridge core, who are the validators that authenticate transactions on the network and how is the process for their selection, what is the margin of error in terms of accuracy and speed in data transmission, What are the most secure data sources?

Telegram Username
@nhairym
Tobi okunola
Guest
Tobi okunola

The bridge tool kit is made up of 6 main tools; a NFT bridge, a token bridge, a cross-chain trading platform, cross-chain farming platform, a multi-chain explorer and a token wrapper. Explain in details the function of the tools kit in achieving the purpose of creating the bridge network

Telegram Username
@Cryptoman00000
Tobi okunola
Guest
Tobi okunola

Does the bridge network have a specific wallet that supports it’s token or all wallet?

Telegram Username
@Cryptoman00000
Miriam Michael
Guest
Miriam Michael

Hacks have been a familiar occurrence in the bridging world due to lack of effective security measures to ensure that transactions made on Bridge Network you have integrated the LSS (LOSELESS)standard to be proactive in its security measures.So can explain to us why you saw it fit to bring onboard LSS standard?How about building your very own security infrastructure?And do you trust LSS features that they can recover stolen funds in Bridge Network if it happens that you are face with some hacks issues knowing that are immune to attacks?Please provide more information on this security integration if possible.Thanks

Telegram Username
@Cheriemike
Miriam Michael
Guest
Miriam Michael

Hacks have been a familiar occurrence in the bridging world due to lack of effective security measures to ensure that transactions made on Bridge Network are safe you have integrated the LSS (LOSELESS)standard to be proactive in its security measures.So can explain to us why you saw it fit to bring onboard LSS standard?How about building your very own security infrastructure?And do you trust LSS features that they can recover stolen funds in Bridge Network if it happens that you are face with some hacks issues knowing that are immune to attacks?Please provide more information on this security integration if… Read more »

Telegram Username
@Cheriemike
Tobi okunola
Guest
Tobi okunola

We are thrilled to be hosting the presale of the $BRDG token on both the TDX & PAID ignition launchpad. When do you plan to carryout the presale?

Telegram Username
@Cryptoman00000
Eunice
Guest
Eunice

Bridge Network is built on a decentralized infrastructure that enables anyone to run a node and participate in securing the network. Through its bonded federation, validators are required to collateralize a specified amount of $BRDG tokens which are 100% slashed upon malicious activity.Is there a fixed amount charged for malicious activity? Or It is levied based on the gravity of the content/activity? Slashed tokens make their way into an insurance pool which is used for reimbursement purposes.Can you elaborate on your insurance pool?Apart from reimbursement what other role does your insurance pool play?

Telegram Username
@Ask4unik
Eunice
Guest
Eunice

The Bridge toolkit is made up of 6 cross-chains.And One of them that interest me the most is the Vanderbilt.The Vanderbilt is a simple token bridge that enables users to move a single token from one blockchain to the next. The bridge uses the lock, mint and burn mechanism. What’s the duration for users to lock,mint and burn up their tokens? Also when can users unlock their tokens?Are users charged transaction fees? If yes, how much do you charge per transaction?Any token that has been integrated into the protocol using the Rockefeller is automatically added to the Vanderbilt.Can you please… Read more »

Telegram Username
@Ask4unik
UncleStrange1
Guest
UncleStrange1

I understand that in order to integrate an asset on the rockefeller, token issuers are required to stake a certain amount of $BRG tokens. We then conduct a monthly burn of the staked $BRG tokens. What is the amount of $BRG tokens token issuers need to stake? Are there other requirements to integrate an asset? Is there a certain amount of time an individual needs to stake $BRG to be eligible for integrating an asset? What percentage of the staked $BRG token do you burn monthly?

Telegram Username
@UncleStrange1
UncleStrange1
Guest
UncleStrange1

To make multichain transacting easy, scaleable and accessible you had 6 EVM chains connected late December 2021. The protocol fee is a fixed % of the primary asset of the chain charged for bridging assets from one chain to another. So far, how many EVM chains have you integrated? Do you plan on integrating transactions between EVM to non-EVM network? How long does it take to integrate an EVM network? What is the fixed % of chain charges?

Telegram Username
@UncleStrange1
Marian
Guest
Marian

While reading about Birdge Network, I saw that the infrastructure layer of the platform is conformed by two important parts; The Oracles and the Validators. Can you tell us more about them? Why are them so important, what duties do they perform to lead to a flawless functioning of Bridge Network? Also, who are in charge of this roles on the platform? Can users act as oracles and validators or are this roles taken by something/someone else? If it’s the case where users can fulfill this important roles, what requirements do they need to meet to do so?

Telegram Username
@meml97
John
Guest
John

You have a token wrapper which you said can be used to make any token go cross-chain within 2 minutes using your Rockefeller Architecture. Can you explain how this can be used to make an existing token go cross-chain without the need to build a native bridge or wait for third party bridge to integrate the token into their bridge? What is the procedure to wrap token and make it cross-chain and how does your Rockefeller Architectural process work?

Telegram Username
@Highpee
Marian
Guest
Marian

I saw on your Docs that there will be two kinds of fees on Bridge Network; the Token bridge fee and the Rockefeller fee. And also, I read that there will be something called “The Fee Controller”, so, can you tell us more about this fees and this controller previously mentioned? On what kind of situations will this fees be aplied and how much of % will it be charge per fee? For what, will the revenue generated by said fees be used? On the other side, what is a “Fee Controller”? How does it work and why is it… Read more »

Telegram Username
@meml97
Victoria
Guest
Victoria

Talking about your protocol fee, aside the token bridge fee and Rockefeller fee, I will like you to talk on the FEE CONTROLLER. It is said the fee controller manages the fee structure of the protocol on chain. And the fee controller had 3 fee incentives mechanism controlled by the bridge governance which are the “user fee exemption” “bridge token holding incentive” and “Asset specific incentive”. Can you please expantiate on these 3 fee incentive mechanisms? How can users be entitled to these fee incentive mechanisms? How is the fee controller used to control these fees on the bridge Network?… Read more »

Telegram Username
@UniqueVicky
Marian
Guest
Marian

When it comes to the security of Bridge Network, I saw that it has been taken very seriously as you integrated something called the LSS Standard into the protocol. So, can you tell us more about how does this LSS Standard work on Bridge Network? With what kind of threats does it help you with? Also, as security dangers are very common on the bridging world, do you plan to integrate more, or do you have more measures applied into Bridge Network? Has your platform and token been audited yet?

Telegram Username
@meml97
Meta_Mate
Guest
Meta_Mate

I know that BRDG token Presale was held early this month passing on two launchpads at the same time with the further launch on CEX. Could to tell us who the Presale passed? Are you still planning any additional sales for whose who missed them? And talking about the growing community, what events are planned to attract more community to the project? Please talk about the closest ones. Thanks!

Telegram Username
@Meta_MateX
John
Guest
John

Token bridges has brought flexibility and a dynamic approach to blockchain activities. However, token bridges have been a target for hackers recently. Poly Network bridge and Wormhole bridge recorded the largest hack in 2021 and 2022, respectively. Why do you think bridges have become so easily targeted by hackers? What smart security design will your protocol use to guard against exploit and what hack mitigation tool will your bridge use to spot potential malicious activity in order to take necessary actions? Do you have an insurance coverage in place thar can help to reduce loses in case something untoward happen?

Telegram Username
@highpee
Meta_Mate
Guest
Meta_Mate

Bridge Netwpork users are invited to add any custom token to the main bridge thatnks to the creation of the first portal that enables token issuers take their tokens multichain seamlessly. At the same time tokens can be imported only from Binance and Polygon chains. So, please talk about your plans of adding some more chains to your ecosystem. Which of the chains are already on your roadmap? And please also explain the taxes applied (or planned to be applied). Thanks!

Telegram Username
@Meta_MateX
Essence
Guest
Essence

Security is topmost Paramount in the Blockchain industry and my research about Bridge Network revealed that Bridge Network is currently undergoing it’s security audit with platform Auditors as Certik, Zokyo and token Auditor Quil Hash. Now could you tell us when exactly should we expect the successful completion of your security Audit to guarantee it will be safe for investors investing in Bridge Network? Thanks

Telegram Username
@Billz120
Nkechi
Guest
Nkechi

What caught my attention the most is that the Bridge Network is supported by up to 20 chains including Huobi, CRONOS, polygon, Fusion, Ethereum,Binance, Avalanche, MoonRiver, Harmony, Klaytn, Meter, Fanthom and the rest. Please can you tell us, how does the combination of all 20 blockchains improve the overall quality of the Bridge Network? Why did you decide to support the project on all these multi-chain functionalities? What advantages have resulted from these interesting fusion of Networks within the Bridge Network? What are the benefits that users receive with these multichain model? Do you plan of expanding for further compatibility… Read more »

Telegram Username
@NKUDM
@Nenlap
Guest
@Nenlap

studying the features and functionality of $BRDG ,it is really impressive how BRDG could be used as a security mechanism,how can validators stake the BRDG? What are the steps and rules guiding it? Can you please differentiate between a validator and a token issuer?

Telegram Username
@Nenlap
@Nenlap
Guest
@Nenlap

I studied your white paper,and I must say weldon. studying the bridge toolkit I got to discover that it is made up of six block chains phases, that is the Global Token Bridge,Multichain Token Wrapper,NFT Bridge,Multichain Transaction Explorer,Cross Chain Trading and Cross chain farming.Does a user need the $BRDG token to be able to access any phase? How does the bridge network affect NFT?. could you state the differences and hierarchy if there’s any for these phases?

Telegram Username
@Nenlap
Nkechi
Guest
Nkechi

By Q3, the Bridge Network will evolve into a decentralized organization where users will have the right to vote on significant updates and changes in the protocol. And BRDG will act as the governance token and as the governance right necessity. So can you explicitly state to us the amount of BRDG that could be used to be eligible in taking part in your voting system? To participate in the governance process, do users have to stake $BRDG? Will users participate in your voting system just once or will it be the higher they hold $BRDG the higher their chances… Read more »

Telegram Username
@NKUDM
Victoria
Guest
Victoria

Your project is backed by well meaningful organizations/firms like the BLOCKFINEX, MEXC global, FTX Ventures, CROC Capital, GDA capital etc. In what ways have these organization/firms supported on the growth of Bridge Network? Can you put us through the extent/basis of your relationship with these firms? Is there an win-win collaboration? By Q3, you are planning of onboarding your first partnerships, can you tell us what firms do you plan of joining partnership with and why? Have you reached out to these firms to unveil your intention? When are we expecting your first partnership announcement and with which firm?

Telegram Username
@UniqueVicky
Debajit Sharma
Guest
Debajit Sharma

The Carnegie is a cross-chain trading interface that allows users to trade between any two assets, on any blockchain. The system aggregates liquidity on both ends
So will this system allows me to sell BNB in BSC chain and receive avax in avalanch?
If so do i need to have gas for both Network?

Telegram Username
@DebajitNiloy
Eduardo
Guest
Eduardo

Bridge Network is building a cross-chain super dApp to enable seamless transactions between blockchain ecosystems. So how does Bridge secure these transactions, what mechanism will it implement to reinforce the security of many funds that are handled daily through the Blockchain ecosystem? How do you prevent hackers from profiting from assets managed through your ecosystem? How strong is your security? And finally, has it been audited for greater security of our funds?

Telegram Username
@mamamelos2
Eduardo
Guest
Eduardo

In Bridge Network their Cross Chain Protocol (CCP) aims to be a one stop shop for all major cross chain activities by providing the tools a user might need, so who can be using this Toolkit in their ecology? ?Do we have to pay a certain amount of Tokens to benefit from these tools? Additionally, the tools they offer us are: an NFT bridge, a token bridge, a cross-chain trading platform, a cross-chain farming platform, a multi-chain explorer, and a token wrapper for any existing tokens to cross Cain. Can you give us more details about these tools? What are… Read more »

Telegram Username
@mamamelos2
Fortune
Guest
Fortune

bridge network aim to set a new standard by working with projects such [email protected] bring security and trust to the bridging word. Can you tell us more about Lss security measures to combat the issue of Hack? Does Bridge lack the capacity to create their own security equipments? And why do we have to trust Lss security standard?. please give us more explanation on your partnering with Lss.

Telegram Username
@Gaddijoe
Stranger Aiwa
Guest
Stranger Aiwa

My question is short and sweet. I saw that your tweet about $BRGD is now available at MEXC_Global. can i know why are you specially selected that financial service and how is that can be opportunity for the traders.

Telegram Username
@strangeraiwa
Stranger Aiwa
Guest
Stranger Aiwa

How will “Bridge Network” always stay flexible and stable in market? and what upgrades will be implemented due to market/community signals, and how are you seeking to create partners instead of competitors?

Telegram Username
@strangeraiwa
Asela Priyashantha
Guest
Asela Priyashantha

Bridge Network has raised $3.8 million in their private funding round with backing from FTX VENTURES, MASTER VENTURES, MEXC GLOBAL, BLOCK FINEX etc in order to make a better Cross chain experience for the entire crypto space. Firstly, I like to know, For What will you allocate these funds? What kind of marketing events will the Bridge Network conduct on future using these funds? However, it seems to be that you have strong Partners & investors. How about their contribution after that private funding round? Did they provide a consultation by Blockchain experts?

Telegram Username
@Asela1112
Asela Priyashantha
Guest
Asela Priyashantha

Bridge Network has not only a Token Bridge but also a NFT bridge which allows to transfer NFTs with it’s Metadata between blockchains. So, Does this mean that If I want to convert my ERC721 NFTs to BEP721 NFTs, Is it possible with your NFT Bridge? And also How about the transaction fees? Is this NFT bridge support to any kind of NFTs which mint on HECO chain also? However, This NFT bridge might be lead to the Copy right issues since when Converting one NFT to another NFT. How will you avoid these infringements that are possible to occur… Read more »

Telegram Username
@Asela1112
Asela Priyashantha
Guest
Asela Priyashantha

You have conducted the $BRDG presale from 11th of April to 20th of April. I am regret that I couldn’t be there. However, Please tell us How was the $BRDG presale? How many participants were there & How many $BRDG tokens were sold within the Presale duration? By the way will there be a public sale So that I can participate surely & Grab some $BRDG tokens?

Telegram Username
@Asela1112
Khaleesi
Guest
Khaleesi

The bridge tool kit is made up of 6 main tools; a NFT bridge, a token bridge, a cross-chain trading platform, cross-chain farming platform, a multi-chain explorer and a token wrapper for any existing token to go cross-chain. Can you explain how each tool kit interacts with one another within the ecosystem? What if lots of users access to these protocols, how will you ensure that your website won’t crash due to volume of traffic?

Telegram Username
@KhaleesiKhalee
Danylko UA
Guest
Danylko UA

Hello Bridge Network’s Team! Ticker symbols are extremely important in the world of cryptocurrency. These are the identifying markers that allow traders to know what asset they are looking at. From my findings, I discovered that the initial token’s ticker of the platform was $BRG, however, I noticed that it was changed to $BRDG along the line. I believe there is a reason as to why this change was made; Could you tell why the ticker was changed from $BRG to $BRDG? Was it as a result of any forms of controversy? Have you fully addressed the reason(s) as to… Read more »

Telegram Username
@Danylko_UA
Khaleesi
Guest
Khaleesi

Bridge Network has two types of fees shown in your documents: the Token Bridge fee and the Rockefeller fee. Can you give us further information about these charges? In what instances will these charges be applied, and how much will each transaction fee cost? On the other hand, I see there is “The Fee Controller”, how it will be utilize and what is its significance in Bridge Network? Lastly, with all the types of fees mentioned above, what benefits it provides to users and what is your plan to the revenue raised from the fees?

Telegram Username
@KhaleesiKhalee
Danylko UA
Guest
Danylko UA

Hello Bridge Network’s Team!

On your Twitter handle, you made an announcement about a giveaway in which 100,000 $BRDG tokens will be airdropped to 250 winners. Please, I need more details on this; How can I participate? What are the requirements/eligibility? On what bases are winners selected? Has the event started yet? For how long will the event take place? Lastly, If I happen to win, how do I claim my reward? Apart from this, is there any other giveaways that I can participate in currently (Maybe some sort of Ambassador Programs)?

Telegram Username
@Danylko_UA
Danylko UA
Guest
Danylko UA

Hello Bridge Network’s Team!

I surfed through your discord channel and under the support tab, apart from feedbacks, proposals, contributions and partnership, I noticed a tab for “Bug Reports”. Does this mean that any one could report any bugs or vulnerabilities found on your web domain? If a user should find and report a vulnerability or bug, will they be entitled to any forms of rewards? So far, how has the provision of the “Bug Report” tab on your discord channel been beneficial to Bridge Network? How has the assessment been so far?

Telegram Username
@Danylko_UA
Blessing
Guest
Blessing

The Bridge Network’s protocol, I understand consists of three (3) layers which are : Application Layer, Blockchain Layer and Protocol Layer. Please describe each of the above mentioned layer. How does each of these layers work? What features are implemented on each of these layers? What role does each layer play in making Bridge Network swift, secure and fast?

Telegram Username
@Blessingchum
Blessing
Guest
Blessing

$BRDG is the native token of Bridge Network. What various utilities does $BRDG tokens serve on the platform and outside the platform? Does $BRDG serve as governance token also? You stated that 50% of the tokens paid by the token issuer is paid to the validators. The remaining 50% is burned. Could you further explain the burn function? How long does it take for each burn to happen? What other mechanisms/strategies are you employing to control the token’s circulating supply and to ensure that the the token maintains value always?

Telegram Username
@Blessingchum
Blessing
Guest
Blessing

On your documents, you stated that assets on Bridge Network are classified into two types which are: Native Assets and Foreign Assets. What are the basic distinction between these two types of Assets? Why did you decide to divide the assets into two types and not just a single type ? How are the Native and Foreign assets on Bridge Network being bridged across chains (For Ex. from source chain to destination chain)?

Telegram Username
@Blessingchum

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