AMA Satoshi Club x Nirvana, April 4th

We are pleased to announce our next AMA on April 4th, 2022 at 01:00 PM UTC Time: Satoshi Club x Nirvana

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

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

Part 3: 300$ – A quiz about Nirvana

For more details:
Nirvana Website – nirvana.finance
Nirvana Telegram – @nirvanafi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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Ariana
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Ariana

I read about your pre-commitment promotion for the launch and honestly the first time I see a similar offer, is this some kind of whitelist? Do you have to make an initial investment to qualify for these benefits? Will investors who sign up for this offer have some kind of priority? Please tell us about the early investor benefits and what guarantees they will have in the short and long term.

Telegram Username
@Arisabela
Ariana
Guest
Ariana

Apparently, ANA will be the first metastable token with a rising floor, can you tell us what it means and how we can trust the reduction of volatility and losses with this mechanism? Will ANA behave like a stable coin or is it a different concept? Also, could you explain the differences between ANA and NIRV?

Telegram Username
@Arisabela
Essence
Guest
Essence

Team Nirvana- it caught my attention knowing that you are set to share the DHARMA of Nirvana’s token launch! and you did said that this event will occur in two stages, the pre-launch and the launch event, the official launch event which you said will be a Multi-day “fair token auction” with special measures put in place to ensure a community-first distribution. Could you please explain to me the difference between the Official launch event which you did said will be a Multi-day “fair token auction” and pre-launch and the launch event? I equally read there is also the opportunity… Read more »

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@Billz120
Nansel
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Nansel

I understand that ANA staking rewards are paid in prANA tokens are paid in freshly minted prANA tokens.This technique is to strike a balance between rewarding stakers while remaining sustainable with APYs. Also Nirvana protocol produces 2 native stores of value: NIRV, a superstable token, and ANA, a volatile metastable token. Please can you break down how the three tokens ($ANA , $ prANA , $NIRV) work in the Nirvana protocol? Is the APYs constant or dependent on some market conditions?The reward mechanism of Nirva is different from so-called “re-base currencies” which pay rewards in the native value token,can you… Read more »

Telegram Username
@Neilselin
José Gamboa
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José Gamboa

The engineers behind Nirvana have designed a new form of “liquidity bootstrap pool”. It is heavily inspired by Balancer’s work in this area, but has several enhancements especially designed for the launch of a new currency like Nirvana’s. Can you offer us more information about Nirvana’s new form of “liquidity bootstrap pool”? What is it? How does it work? What are the characteristics of the new form of “liquidity bootstrap pool”? Benefits?

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@Josegamboac
José Gamboa
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José Gamboa

Nirvana has “protocol proprietary liquidity” at the core of the algorithmic design. Every ANA token in existence is backed by an intrinsic value, and this intrinsic value is stored in a reserve. There is no way to create new ANA tokens without depositing at least the current minimum value of liquidity in the protocol reserves. What is “Protocol Proprietary Liquidity”? What is the proprietary liquidity objective of the protocol? How does it work? What are its advantages?

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@Josegamboac
Lestmaris Vera
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Lestmaris Vera

The Nirvana protocol has invented a new type of AMM (automatic market maker), which encodes the minimum price of ANA in its pricing function. What is the new type of AMM (automatic market maker) created by Nirvana? How is this Nirvana MMA model different from the classic model? What are the advantages and benefits of the new MMA model developed by Nirvana?

Telegram Username
@Lestmarisv13
Essence
Guest
Essence

Nirvana- As an ecosystem with a dual TOKENOMICS, could you please explain to us the use cases of prANA and ANA within Nirvana of ecosystem? I read that there is a reward paid in the form of prANA and this reward is on top of the ANA Tokens that are purchase during the Lauch event, and that the only way to receive this bonus reward is to commit to participating in the launch event during the pre-launch period. Please what is the criteria to be able to commit to participating in the launch event during the pre-launch because your Whitepaper… Read more »

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@Billz120
Lestmaris Vera
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Lestmaris Vera

The market owned by the Nirvana protocol has a special price curve that concentrates liquidity along a price curve that guarantees the minimum price of ANA. This price curve only concentrates liquidity behind ANA’s current spot price. It does not allocate capital for ANA prices beyond the current spot price. In this way, the POM is maximally efficient in terms of capital. What are the benefits of the proprietary market of the Nirvana protocol? how is your design? trust? Capital Efficiency?

Telegram Username
@Lestmarisv13
Pelusa pinto
Guest
Pelusa pinto

The Nirvana protocol produces the ANA token on the Solana blockchain. ANA is the first metastable token with an ascending floor: a pool of wealth with a limited downside, unlimited growth, and permanent profits by virtue of the ascending stable floor. What is a metastable token with a rising floor? What are the characteristics of the ANA token? How will this token revolutionize the market? Why keep the token in the short and long term? Profits?

Telegram Username
@Pelusapinto21
Nansel
Guest
Nansel

The Nirvana protocol sells time-released ANA in a money market. It accepts various difference tokens in exchange for time-released ANA contracts with various different maturity lengths.could you elaborate on the different maturity lengths of the time-release ANA? what are the requirements to acquire the time-release ANA?Are the token that can be used for the exchange for time-release ANA in limited number?What are the utilities of the time-released ANA contracts?

Telegram Username
@Neilselin
Abdulmajid
Guest
Abdulmajid

Hello Nirvena team. On visiting your websites, I encountered a welcome note which displayed “Pre-commitment period now open!” & Pre-commit your launch investment and earn up to 15% prANA rewards! And I understand that this pre-commit period will be open until 11:59p UTC on 5 April 2022. Well, As a beginner in cryptocurrency who doesn’t wanna miss out on any Available opportunity to Earn, but before going further into these commitment and receiving the prANA reward, I’m Curious to know, can you please enlighten us a little bit about the Use of these Commitment to your platform? And after your… Read more »

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@thisistoyin
Pelusa pinto
Guest
Pelusa pinto

Nirvana is an ultra-low risk stablecoin and algorithmic wealth twin system on the Solana network. Produces the ANA token: an algorithmic metastable token that serves as a store of wealth. And it produces the NIRV token: a decentralized super-stable store of value. Why did Nirvana decide to develop a dual token model? What are the advantages of this model? What are the utilities of ANA and NIRV? Advantages? Profits?

Telegram Username
@Pelusapinto21
Pelusa pinto
Guest
Pelusa pinto

The Nirvana protocol owns the liquidity of ANA. Each purchase of ANA through the protocol’s core AMM locks liquidity in the AMM. This incoming liquidity provides depth of sale for ANA’s sales to AMM. This liquidity is not “rented” from liquidity providers; It is in the hands of the central program AMM. Here we find the Reserve-backed floor. What is the reserve-backed floor? What are its advantages? Characteristics of Reserve-backed floor? Benefits?

Telegram Username
@Pelusapinto21
José Gamboa
Guest
José Gamboa

The Nirvana protocol incentivizes ANA holders to stake their ANA in a savings account. Staking removes ANA from circulation, increasing its scarcity and, consequently, its market value. The incentives come in the form of a special token: pre-ANA or prANA (taken from the Sanskrit word for “life”). What type of Staking is developed in Nirvana? How does it work? What kind of rewards can be obtained through the Nirvana staking system? Who can participate in the Nirvana Staking system?

Telegram Username
@Josegamboac
Chiram Chirdan
Guest
Chiram Chirdan

The Nirvana protocol stabilizes the value of NIRV through decentralized peg delegation. The stability of the NIRV token is derived from the stability of all other stablecoin implementations working together.Can you elaborate on how the NIRV token derives its stability from stablecoin implementation working together?can you give use a tour through the functionality of the NIRV, ANA,and prANA?What is singular about Nirva protocols that’s gives it an edge over protocols?

Telegram Username
@Chiramchi
UncleStrange1
Guest
UncleStrange1

I understand that Nirvana’s token launch event via TLA, scheduled for 6th April 2022, promises to offer both fairness and true price discovery for its participants. Nirvana has engineered a new form of TLA that will discourage rush purchases. Also your token auction is also the first of its kind to begin with absolute zero outside capital. The protocol is able to do this through an invention of a “self-bootstrapping liquidity pool”. Can you briefly tell us about the new form of TLA that Nirvana engineered? What makes it different from past TLA? Can you elaborate more on the “self-bootstrapping… Read more »

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@UncleStrange1
UncleStrange1
Guest
UncleStrange1

I understand that to purchase trANA (time-released ANA) users need to go to the “Buy ANA” section of the Nirvana protocol. When purchasing trANA there are three vesting term options: three, five and ten days. Can you please elaborate more on the three vesting term options? What are their estimated ROI offered at each vesting term options? Is there more options for vesting term options? If no, Will there be more options in the future?

Telegram Username
@UncleStrange1
Nhairy
Guest
Nhairy

What are the incentives and benefits that investors really receive when buying their tokens, how will their reward system work, will they be distributed in their native NAC token? When will your USDN stablecoin be ready, what are your next projects and in the far future?

Telegram Username
@nhairym
Nhairy
Guest
Nhairy

What are the incentives and benefits that investors actually receive when buying your tokens, how will your reward system work, will they be distributed in $ANA or NIRV? what makes $ NIRV a super stable currency, what are your next projects and in the far future?

Telegram Username
@nhairym
Nhairy
Guest
Nhairy

Do the token holders have a share in the development direction of the project, on which the successful future of NA depends, What are the elements that contribute to its evolution, can you define or describe the structure of a heterogeneous compound chain? What chains make up your cross-chain structure, what advantages make Nirvana stronger than its competitors, and financially, how is your system strengthened?

Telegram Username
@nhairym
Nhairy
Guest
Nhairy

Do the token holders have a share in the development direction of the project, on which the successful future of NIRVANA depends, What are the elements that contribute to its evolution, can you define or describe the structure of a heterogeneous compound chain? What chains make up your cross-chain structure, what advantages make Nirvana stronger than its competitors, and financially, how is your system strengthened?

Telegram Username
@nhairym
Nhairy
Guest
Nhairy

Given the instability of the market, how can it guarantee protection to its users and avoid that the volatility of the prices of the rates does not generate a significant decrease in the rewards and capital of investors, how can it contribute to the expansion of decentralization and promote mass adoption to Defi?

Telegram Username
@nhairym
John
Guest
John

You announced that IDO for $ANA will take place on your own dapp and there will also be IDO for prANA on Raydium. I read that users can now start to pre-commit for the $ANA IDO and that this will end at 11:59pm on 5th April. Can you guide us on how the pre-commitment for the IDO sale on your website will be done and at what price ANA will sell when the IDO finally starts? What assets are users expected to commit and what is the commitment size or cap per user? How will the final calculations of each… Read more »

Telegram Username
@Highpee
Miriam Michael
Guest
Miriam Michael

The Nirvana protocol has invented a new kind of AMM (automatic market maker) which encodes the floor price of $ANA into its pricing function.And this AMM guarantees that $ANA will not be purchased for less than the floor price.So can we know the floor price % that users can’t get the $ANA token?And what is your reason for setting such floor price target for the $ANA token?And to ensure the liquidity is secured permanently for the $ANA token you have built the Protocol Own Market (POM),and you said it is connected to the “central mint” of $ANA token.So can you… Read more »

Telegram Username
@Cheriemike
Miriam Michael
Guest
Miriam Michael

Under the Protocol-Owned Liquidity,the Nirvana Protocol secures liquidity through acting as a “Rational Agent” participating in the open market.So can elaborate on how you act as Rational Agent in the open market?It also offers to sell $ANA tokens in competition with other exchanges. When buying from the protocol, instead of simply swapping $ANA for another asset, the protocol mints new $ANA and locks away the liquidity in a special-purpose AMM.So can you tell us the exchanges you are in competition with to sell $ANA token?And what is the % of $ANA token that will be locked away in the special-purpose… Read more »

Telegram Username
@Cheriemike
Moon Star
Guest
Moon Star

What problems does Nirvana focus on solving regarding the cryptocurrency system?

Telegram Username
@follow_upgs
Moon Star
Guest
Moon Star

The Nirvana protocol has two coins. NIRV and ANA. What functions will these coins have? Why should investors want to hold them?

Telegram Username
@follow_upgs
John
Guest
John

At the centre of your Protocol’s algorithm design is the concept of Protocol-Owned-Liquidity and Protocol-Owned-Market; a sharp contrast to liquidity model of most market making systems that incentive market makers to deploy their capital and LP assets in order to keep the protocol’s own tokens liquid. Can you explain how your protocol is able to inherently generate sustainable liquidity for its token without reliance on market makers and liquidity provider? How is your Protocol-Owned-Market connected with your central mint so as to ensure that there will always be sufficient protocol-generated liquidity at all time that is correlated to ANA floor… Read more »

Telegram Username
@highpee
Moon Star
Guest
Moon Star

I have read that the term “rising floor” is mentioned for the ANA coin. As I understand it, there will be a minimum value that ANA can reach, and this minimum value will increase over time. How exactly will this work? How will the minimum value be determined?

Telegram Username
@follow_upgs
John
Guest
John

Although I am yet to see your full roadmap, I went through your protocol available resources and I am yet to see any NFT related application and Metaverse related features in your present protocol design. Can you share the roles NFT will be expected to play in Nirvana, considering that NFTs is a popular blockchain topic at the moment? Do you plans gamification and since you already have the MetaStablecoin, are there plans to enter the metaverse? Lastly, can you share your roadmap and some of the events you have lined up for the rest of the year?

Telegram Username
@Highpee
Rotoxy
Guest
Rotoxy

Since your protocol has no pre-allocation of token to team, marketing, development or any purpose, you said that fees will be essential to ensure your protocol can continue to run. I saw different types of fees such as trading fees, contract purchase fees, NIRV loan origination fees, NIRV stability fees, and ecosystem growth fees. Can you tell us at what point of protocol usage when these fees will be demanded from users and how they are going to be used to scale the health of your protocol? Don’t you think too many fees may have effect on users because I… Read more »

Telegram Username
@rotoxy
benji
Guest
benji

Nirvana token will be lunched In a legacy token launch pool, which the prices of the token is affected fully by purchases, which can kick the price up, and keep it high.this could lead to a land rush causing bots to benefit over retail investors and users,proving partial to participants. How do you intend to prevent this from occurring?

Telegram Username
@SouthSidebenji
benji
Guest
benji

I noticed that nirvana will be operating a new type of “liquidity bootstrapping pool” that have been shown to resist bot attacks and ensure a fair distribution of tokens to participants, how does that help user accessibility of tokens?

Telegram Username
SouthSidebenji
benji
Guest
benji

As a potential Nirvana token user is there a way for the user to earn ANA tokens before the lunch of the token?

Telegram Username
@SouthSidebenji
Katbong Joy
Guest
Katbong Joy

The Nirvana protocol is a twin system that produces $ANA, a volatile token with an algorithmically rising floor price, as well as $NIRV, a decentralized superstable coin with a delegated peg. Can you enlighten us on the benefits and functions of $ANA and $NIRV token in the Nirvana protocol?Will there be a feature where users can check the fairness of these Token? Also do Token users have governance right over your project?

Telegram Username
@Ritshimwa
Katbong Joy
Guest
Katbong Joy

I read that Nirvana is Launching on AcceleRaytor, a protocol powered by the twin forces of volatility and stability which is to be launched on April 5th, and the AcceleRaytor launch will be for the $prANA token, giving users the option to mint $ANA at the floor price, i would like to understand better, what are the features that makes Nirvana protocol special, and the possible benefits of it’s launch on AcceleRaytor?Can you share more information about the $prANA token? What are you utilities and use cases of $prANA Token? Also can you enlighten users on the options to mint… Read more »

Telegram Username
@Ritshimwa
Moses Alexander
Guest
Moses Alexander

I interestingly read from your documentation that The Nirvana protocol incentivizes holders of ANA to stake their ANA in a savings account. Can you elaborate more on how this staking process works in the Nirvana platform and How can users of the Nirvana platform be able to stake their ANA token? What are the requirements needed for users to be able to stake their tokens? what are the benefits attached to ANA token holders who stake their tokens? Thank you.

Telegram Username
@Modrumz120
Moses Alexander
Guest
Moses Alexander

From your website, i read that The incentives in the Nirvana platform come in the form of a special token: pre-ANA, or prANA (taken from the Sanskrit word for “life”). Can you please tell us more about this pre-ANA token and how a user can acquire it? Do these tokens have differences in worth?What are the main difference between the ANA token and the pre-ANA token? Lastly, can a user be able to obtain both these tokens if they wish to? What will be The requirements needed for such users to be able to obtain both these tokens? Thank you.

Telegram Username
@Modrumz120
Mariselita
Guest
Mariselita

Can you explain a bit about the following please: The return for staking $ANA and borrowing $NIRV is distributed in $prANA (formerly $ANA), which are tokens that act as non-expiry options to mint ANA at its minimum price , what is the actual function of $prANA?

Telegram Username
@mariselitaleon
Mariselita
Guest
Mariselita

How have they managed to establish optimal and real levels of volatility and stability, what are the coins or tokens admitted to be able to buy their tokens, which of their tokens gives their holders the power and rights to participate in the procedures and decisions for the benefit of the development of the draft?

Telegram Username
@mariselitaleon
Mariselita
Guest
Mariselita

How often will rewards be distributed, and how will the most secure and reliable exchange mechanism be for holders?

Telegram Username
@mariselitaleon
Carlos
Guest
Carlos

Almost all crypto users know the concept of “stablecoin”. However, Nirvana goes a step further and offers two tokens with concepts that at first glance seem to be innovative, metastable and superstable. Can you explain these two token types? If $ANA through its ascending floor makes its selling floor higher and higher, why is it considered a stable token?

Telegram Username
@chzrles
Pepensando
Guest
Pepensando

As for your NIRV token, it strikes me that it is a “superstable” token. What does this mean? Reading about it, in its documentation I found that “it is backed by a diversified basket of stablecoins”, so NIRV is just a rebranding of other stablecoins? what is your differentiating factor?

Telegram Username
@costurera3000
Alice
Guest
Alice

The Nirvana Chain Ecosystem has its own complete virtual machine, what are the innovative features of this machine, and what differences can we see in it if comparing with other VM on the market, like EVM? What kind of tokens was this machine thought for, what would be the ideal market?

Telegram Username
@alice_wonderland12
Juan Sandoval
Guest
Juan Sandoval

On your website I read that ANA is the first metastable token with an ascending floor, so could you explain me what does it mean? What is the potential of ANA token in comparison with other stable coins and metaverse coins? What do you mean by rising floor? What is the basis or backing of this ANA token? Will this coin really have unlimited growth? What do you plan to achieve?

Telegram Username
@JuanSB07
Raisbelys
Guest
Raisbelys

You say NIRV is a decentralized super stable coin with low risk through its diversified backing, but with respect to the backing you mean the ANA tokens that back them? How does the diversified backing work? Are NIRV and ANA stable coins? Why launch 2 in your ecosystem instead of one? Which of these do you consider to be the main basis of Nirvana’s economy and success?

Telegram Username
@Raisbelys
Rosemary Bianco
Guest
Rosemary Bianco

I was struck by the fact that you say that Nirvana’s reward system has an infinite and sustainable track. So, can you explain to me how Nirvana’s economy works, is it really stable? What are the various ways in which users will be able to generate income through its platform and its currencies? Will it be possible to do staking with ANA and NIRV?

Telegram Username
@RosemaryBianco
Leya
Guest
Leya

It is my understanding that the ANA token launch auction begins on April 6. Can you tell me how they are preparing for the launch of their ANA tokens? What will be the amount of tokens to be sold in this auction? What do you expect to achieve with this launch? Can you really get 15% in prANA by simply committing to participate in this auction? What are the requirements to participate?

Telegram Username
@LeyaNir
CarlosZ
Guest
CarlosZ

What is Nirvana Finance’s goal to achieve? Is the potential you have only expressed through your native tokens or in the future do you plan to add new assets such as NFTs or other investment areas for users? Will your tokens really be connected to the metaverse? What are your plans with the metaverse?

Telegram Username
@CarlosZamo
Jade
Guest
Jade

Currently, Ethereum, DOT, and other public chains each have their own set of features and markets. The market expects more from public chains in terms of performance, stability, and transaction costs. What advantages does the Nirvana have over other public chains?

Telegram Username
@JoanaZ
Poker
Guest
Poker

What are the incentives for participants in the Nirvana Chain testnet, and how can users and developers participate? What did users think of the Nirvana testnet?

Telegram Username
@Pokerlight

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