AMA Satoshi Club x Pinecone, September 16th

We are pleased to announce our next AMA on September 16th 2021 at 11:00 AM UTC Time: Satoshi Club x Pinecone

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

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

Part 3: 300$ – A quiz about Pinecone

For more details:
Pinecone Website – pinecone.finance
Pinecone Telegram – @Pinecone_finance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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John
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John

On August 18, you launch the staking pool of your native token but in less than 6 hours, this pool suffered a pool attack where an hacker took advantage of loophole in your contract to amassed undue profit to the tune of 500 $BNB. Didn’t you perform an audit before this was released or how was the hacker able to perform this exploit almost immediately you launch this product? How was investors who suffered losses from this incident compensated? And since you said you are currently upgrading Pinecone contract, what aspect of the contract are you upgrading? What efforts will… Read more »

Telegram Username
@Highpee
sdsa
Guest
sdsa

fuck off

Telegram Username
@asdasdas
Essence
Guest
Essence

Pinecone- we understand the Pinecone Vaults is single Asset Vaults and currently you offer (7 ) staking Vaults including BUSD, USDT, BTC,ETH, BNB, and Cake, Alpaca with the highest yield across Binance smart chain. Could you please explain to us enthusiasts how I invest in Pinecone single Asset Vaults in return for maximum profit experience, in view of the fact you did said staking in any of these Vaults will let a staker gain the stated token plus Pinecone native token, PCT? Is there any duration to which the staked token in the Vaults should stay before the staker could… Read more »

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@Billz120
John
Guest
John

Even though yield farming has been largely successful since it gained prominence in DeFi, it has some limitations that expose users to security concern, flashloan attack, Impermanent losses and long term non-sustainability arising from the inability to meet the increasing reward demand as more users join and saturate the farm pool. How will Pinecone enable a satisfying users experience by providing a sustainable passive income for PCT holders? What innovative farming strategy will you use to provide a high yield vaults across your 7 staking vaults? How do you use compounding effect to consistently ensure high APY?

Telegram Username
@Highpee
John
Guest
John

I have read that you charge 0.5% as fees when users withdraw their staked asset from your vault within 72 hours of deposit. After 72 hours of depositing asset in your Vault, do users still pay some amount of fees or can they withdraw their assets entirely from the vault at zero fees? Also, it is said that you charge 30% of user assets as performance fees. Why is this necessary? At what time is the performance fees deducted and how frequent is this fees removed from staked asset? How attractive are your vaults to farmers considering these fees structure… Read more »

Telegram Username
@Highpee
Essence
Guest
Essence

Pinecone Finance- On your Multiple strategy Single Asset farming, you did mentioned that what is unique about Pinecone is that, for each Crypto assets , it will offer multiple farming strategies with different risk/return profiles. Could you please tell us enthusiasts about this risk associated with each of the multiple farming strategies in your blockchain the ecosystem and their unique return profiles as well? Where can I obtain information about the farming strategies?

Telegram Username
@Billz120
José Gamboa
Guest
José Gamboa

The pinecone protocol is quite complicated. It is a combination of performance optimizer and reflective token. There is some conflict between these two mechanisms, which is reflected in their newly launched PCT engagement group. Can you explain to the community the combination of performance optimizer and reflective token? How does pinecone resolve this existing conflict? How does the community benefit from this?

Telegram Username
@Josegamboac
José Gamboa
Guest
José Gamboa

Compared to the traditional financial world, DeFi is still in an early stage of development. In an unsupervised decentralized world, trust is so rare and fragile that it needs everyone, including project teams, institutions and users, etc., to continually strengthen and protect the foundation of trust to ensure long and healthy development. term of the ecosystem. How is Pinecone working to secure its platform and make it 100% secure? Has your smart contract been audited? can we consider pinecone a very secure platform? How is the security of the Pinecone Protocol guaranteed?

Telegram Username
@Josegamboac
Lestmaris vera
Guest
Lestmaris vera

Pinecone protocol users (farmers) will also receive PCT tokens when depositing their assets with Pinecone. There are currently 7 stake vaults available at Pinecone, including BUSD, USDT, BTC, ETH, BNB, Cake, and Alpaca. And all of them can be double-edged to get double the benefits. Betting on any of these vaults will allow you to win the indicated token plus the native Pinecone PCT token? How pinecone allows you to gain twice the performance through its protocol? can you explain it in a simple way?

Telegram Username
@Lestmarisv13
Lestmaris vera
Guest
Lestmaris vera

The CAKE vaults at Pinecone are created using special and advanced strategies. The CAKE vault using Pancakeswap – the Biswap strategy offers a high APY, while the CAKE vault using the Pancakeswap strategy offers more stable earnings. Through what special strategies can pinecone cake domes be created? Can the two vaults meet the needs of various people based on their different risk-return appetites?

Telegram Username
@Lestmarisv13
Miriam Michael
Guest
Miriam Michael

PCT holders can stake their PCT in PCT vault to enjoy high APY reward and you said the rewards comes from various sources such as Performance Fee,Transfer Tax and Reward per Block.My question is,What % of the performance fees are being given to PCT holders?For the Transfer Tax 5% are charge for all sell transaction,can you tell us how the Transfer tax will be distributed among PCT holders?As for the Reward per Block,you said you will offer PCT vault users certain amount of PCT rewards,what will be the % given the holders per block?Where do all this earnings comes from?

Telegram Username
@Cheriemike
Miriam Michael
Guest
Miriam Michael

Pinecone focuses only on single asset farming in order to avoid the risks associated with farming via LPs.Why did you decide to focus on a Single Asset Farming?What multiple farming strategies with different risk/return profiles have you implemented so that farmers can select the most suitable ones based on their own preferences, and easily switch between different vaults anytime they want?And how does your Single Asset Farming obtain high APY?

Telegram Username
@Cheriemike
Miriam Michael
Guest
Miriam Michael

NFTs are becoming popular in the Cryptospace and Pinecone plans to improve it’s yield optimizing product by including Gamefi Financial NFT in it’s platform.My question is,What plans have you put in place in achieving this?What kind of NFTs games will you integrate on your platform?Have you made plans of When your NFTs be available?Will you also build your own Marketplace or you will make use with other marketplace like Open Sea etc?

Telegram Username
@Cheriemike
JaviSuBs
Guest
JaviSuBs

Greetings Pinecone, many of us know about what happened in August on the platform, my question is: how many changes have you achieved in your platform after what happened in August, what is the security system you are using to protect yourself from new hacker attacks? How can we trust that our coins will be safe on your platform, what response capacity does it have in case of a new emergency, carried out by a cyber attack? What would happen if we have staked tokens and the system fails due to attacks or another emergency, what should we do, can… Read more »

Telegram Username
@JaviSuBs™
Alicia correa
Guest
Alicia correa

What should we do if we have some coins staked on Pinecone? and the system begins to fail, can we withdraw our tokens to avoid losing them or does the system have a system that automatically protects the tokens and stops withdrawals? to later be able to withdraw them? what we should do in these cases, could you give us more information. Thank you

Telegram Username
@Alixbella
Captain Price
Guest
Captain Price

I saw that Pinecodu had a problem with the PCT pool recently, can we talk about how you got through this process? What were the negativities experienced in this situation and the deficiency that caused your project to lose value? What precautions did Pinecoda take after the incident, are you now a more reliable project?I saw that Pinecodu had a problem with the PCT pool recently, can we talk about how you got through this process? What were the negativities experienced in this situation and the deficiency that caused your project to lose value? What precautions did Pinecoda take after… Read more »

Telegram Username
@captainprice111
Melissa
Guest
Melissa

You mentioned that to fully unleash the potential of the community, you’ve decided to kick off your Squirrel Ambassador Program in Pinecone! That is wonderful news for the entire community! I read that users who apply for this plan will also enjoy extra reward in return. What will those rewards be? Will the rewards of each ambassador depend on their contribution to the ecosystem? If an ambassador contributes more, will that ambassador receive more rewards? What kind of skills do you look for in Pinecone ambassadors? Are there positions available for users of any country and of any language?

Telegram Username
@ItsMelissa3
Captain Price
Guest
Captain Price

Nowadays, projects die when they can’t find enough financial support. What is your favorite feature of PinecodeFinance that you believe will attract big partnerships to your project? Do you have a precaution for Yıldırım Loans, which is a big problem in DeFi projects today? Can you tell us about your current safes?

Telegram Username
@captainprice111
Captain Price
Guest
Captain Price

Smart contracts are prone to errors and risks. Why should people trust PinecodeFinans and invest their savings? How much does Pinecone Finans care about the security and privacy of its users? Have you done a third party inspection, is there a report?

Telegram Username
@captainprice111
Cenk Kargin
Guest
Cenk Kargin

NFT is a hot topic nowadays, what does PineconeFinans think about NFT? Do you plan to include NFT and NFT games in your project? If you have NFT plans, would you create your own NFT market?

Telegram Username
@cenkkargin0666
Cenk Kargin
Guest
Cenk Kargin

In the current market, communities can provide different ideas and partnerships to projects, what does community mean to Pinecone Finance? Is your project local or global, or if it is global, what way does it follow to make Pinecone more public? What are you doing to include non-crypto and non-English speakers in your project? Can you tell us about your current partners, are you planning to establish a big partnership in the near future?

Telegram Username
@cenkkargin0666
Sen
Guest
Sen

I realized that the APY that you reflects on your website is not the same as I calculated myself, so can you tell us why is different? Tell us a little bit more about your unique Mining strategy.

Telegram Username
@Tony253210
Manugotsuka
Guest
Manugotsuka

The withdraw fee model says that it charges 0.5 % if the withdrawal happens within 72 H of deposit, so after that time it is coming completely free?

Telegram Username
@Manugotsuka
Edy
Guest
Edy

Hi Pinecone team! I read that you recently announced the launch of the Pinecone Ambassador Program … I would like to contribute to the Global Expansion of the Pinecone ecosystem. What are the requirements to be able to apply to the program? Is it necessary to have a social network with many followers? Among the resources that the ambassadors can offer … Are you looking for translators to translate the Pinecone news to other languages? What is the deadline to submit our application for the program? How many ambassadors will be selected? Thank you!

Telegram Username
@ecmq10
Nhairy
Guest
Nhairy

You can explain a little more about the Agriculture of a single asset of multiple strategy, what are the benefits and possible risks of this system, which are the safest methods to diversify the investment, Pinecone implements the defense system against flash loan attacks, tell us about how it works and what its two levels consist of?

Telegram Username
@nhairym
Ayuba Peter Akpa
Guest
Ayuba Peter Akpa

PCT holders can enjoy sustainable Passive income from various sources including performance fee, transfer tax and you also offer PCT stakers PCT rewards per block. Also the specific no. per block will be determined based on the total supply of PCT and other various factors. Can you explain the block and how does this Reward per Block work in your ecosystem? How is the number of rewards per block determined from total supply of PCT? What are the other various factors that determine the specific number rewards per block?

Telegram Username
@Ajpaa
Jade
Guest
Jade

Pinecone right now offers 7 vaults with popular tokens, but just to be clear , in the future will you allow users to create and manage their own custom pools? Like Pancakeswap?

Telegram Username
@JoanaZ
Poker
Guest
Poker

Pinecone have a very good infrastructure that can be used to bigger things, have you considered integrate a lending/borrowing system? Basically you have everything to do it by your own.

Telegram Username
@Porkerlight
Nhairy
Guest
Nhairy

Please tell us a little about the security incidents that occurred on August 18, despite the complexity of your security protocol, it could have been violated, protocol changes have been made or have limited themselves to solving the perch and staying alert to any signs of behavior. ill-intentioned, there is the possibility that a similar situation could be repeated, as they can demonstrate to their investors and new participants that they have managed to overcome this bad experience and that they are trained and financially, technologically and humanly prepared to go out to the cryptographic market and demonstrate its solidity… Read more »

Telegram Username
@nhairym
Nhairy
Guest
Nhairy

You have planned an event or activity as a kind of relaunch that motivates participation, which you consider to be the basis or essential point for solving problems of any kind, that you would advise those who go through difficulties such as the one experienced by the team and Pinecone community, how would you qualify the role of blockchain specifically in your project and how do you envision it in the long term throughout the financial system?

Telegram Username
@nhairym
Ross
Guest
Ross

The Squirrel Ambassador Program in Pinecone has the aim to incentive people participating in the early stage of this project in a fair and transparent manner. The Squirrel Ambassador Program is specifically designed to find potential Pinecone lovers who can offer invaluable resources to help co-build community. What rewards will be given to Ambassadors for bringing new community members? Will this referred members receive any special incentives as well?

Telegram Username
@Rosane1a88
Alice
Guest
Alice

What benefits do users get by being a Super Squirrel? The “Super Squirrel of the Year” can be a Project Ambassador, entitled to participate in the ambassador meeting hosted by the project team, and initiate proposals on community building to Pinecone. What needs to be done by a user to become a Super Squirrel? And how many can be in the platform?

Telegram Username
@alice_wonderland12
orlemys
Guest
orlemys

Pinecone Finance has a native dual rewards system (PCT + BNB). Would you explain why did you decide to go for complex dual rewards? Please explain the specifics behind this system, are all rewards given divided in half PCT and half BNB? Is this system also applied to staking? Or is it only applied when receiving specific rewards? If so, what are they?

Telegram Username
@orlemys
Ayuba Peter Akpa
Guest
Ayuba Peter Akpa

PCT Holders can earn performance fees (30% of the farming profit) produced by Pinecone vaults in BNB, the BNB rewards are distributed once in every 5 days. PCT Holders Simply can go to the website and click “Harvest” button to bag their earnings. Can you briefly explain the concept of the performance Fee and how it works in your ecosystem? How is the performance fees (30% of the farming profit) distributed to PCT Holders? What happens if a PCT Holders did not “Harvest” the BNB reward after 5 days? Will the reward be automatically lost?

Telegram Username
@Ajpaa
Ayuba Peter Akpa
Guest
Ayuba Peter Akpa

Pinecone’s roadmap shows that by Q4 2021 you will Launch Gamifi NFT and Increase protocol use-cases across the DeFi-space through partnerships with top AMMs and protocols. Can you give us a sneak peek into the Gamifi NFT to be Launched? Also what are your future plans for the intended Increase of protocol use-cases across the DeFi-space through partnerships with top AMMs and protocols? Thank you.

Telegram Username
@Ajpaa
orlemys
Guest
orlemys

You recently announced a partnership with BabySwap, where staking assets are given in both platforms’ native tokens, this is a great partnership idea, so aside from BabySwap, are there any other projects you’ve partnered with, or are planning to partner with? If so, what have been the benefits from that? Was there growth on your investors/community members?

Telegram Username
@orlemys
orlemys
Guest
orlemys

I see on your website that there are multiple staking pools, but to crypto novices like me, most of what is shown doesn’t make much sense. So would you tell us what pools have the highest APY? Which are the most successful and fastest-growing? Also, is there a way for users to communicate with others in the same pool? Or any customer support or guides for new investors?

Telegram Username
@orlemys
JaviSuBs
Guest
JaviSuBs

Hello Pinecone, I know little about the income that PCT holders can receive. My question is the following: how do PCT holders get passive income, what would be the functions that users who do not know the platform and who access for the first time should use to get benefits of the performance fee? What other rewards can the holder achieve and in what period of time can you earn profits on your platform? How much would be the minimum investment and what would be the most recommended currency to start investing in the project and get the best possible… Read more »

Telegram Username
@JaviSuBs™
Pavel
Guest
Pavel

Since Pinecone is on the market, the price for one unit has increased by 22.8% reaching 0.092 USD. The daily trading volumes are now more than 170K USD. Are you now planning to create more PTC tokens to that 24 million distributed earlier in July as sometimes it helps to keep continuing market growth and increasing interest to your product?

Telegram Username
@Pavel_Jarosh
Ariana
Guest
Ariana

About a month ago you, the PCT staking vault suffered an attack after its inauguration, shortly after you came up with a remedy plan, so can you give us details of what were the conclusions of this attack? Is it possible to happen again? What security improvements have you made so far?

Telegram Username
@Arisabela
Ariana
Guest
Ariana

They have launched a new $CAKE vault recently up to 120% APY in $CAKE + $PCT, on your website it says that there is a Boost in this option, you can give us the most recent details of this new vault and how you have diversified the risks and strategies for your users?

Telegram Username
@Arisabela
JaviSuBs
Guest
JaviSuBs

Pinecone, I was reading that they are going to cross chain to polygon and have a Gamfi NFT launch, and increase protocol use cases across the DeFi space through partnerships with the best protocols and AMM, my question is; When do you plan to launch these features, will it be for this year or will we have to wait until 2022 to see these releases? that are important in Pinecone, you can give us more details about these points

Telegram Username
@JaviSuBs™
Pavel
Guest
Pavel

Could you provide an example of the Performance fee calculation aтв distribution. From whom the 30% fee is collected and to whom provided afterwards. Furthermore, how exactly the vaults are rewarded with PCT tokens as long as the price for PCT stays higher than 1BNB/4000? Is there a fixed or proportional reward structure?

Telegram Username
@Pavel_Jarosh
Alicia correa
Guest
Alicia correa

A pleasure Pinecone, I see that in their roadmap they have Q1 and Q2 together in 2022 and that they will seek to integrate more DEXes and a CEX list, in addition to the other functions that are written there, but how to understand Q1-Q2 2022: How will the functions be supplied in these launches that we will have for Q1 2022 and for Q2? There will be a lot of time differences in these updates and if this will be the completion of everything you plan to launch in 2022? Could you give us more information about this part… Read more »

Telegram Username
@Alixbella
John Snow
Guest
John Snow

I care deeply about personal privacy, personal and organizational security, and the decentralization and sharing of power. What are your goals and motivations for taking on anonymity with transparency in general specifically as your project priority?

Telegram Username
@iamwinter217
John Snow
Guest
John Snow

Do you have a Token Burning plan to increase Token value and attract Investors to invest?

Telegram Username
@iamwinter217
John Snow
Guest
John Snow

What are your plans on Global adoption? Where will your main development market be? What is the next goal you want to achieve?

Telegram Username
@iamwinter217
Victor
Guest
Victor

The Pinecone native token PCT with a total supply 1 billion, has 78% of that allocated to liquidity mining, with presale, investor & team allocations making up the remaining 22%. However, I find this allocation formula vague, because certain core aspects of the project like marketing, security, governace allocations, etc, aren’t duly represented. Why is your token distribution limited in it’s function, does it mean Pinecone has no plan for future expansion? Also, your token is said to be released in a dynamic manner correlating to the earnings of the protocol. Can you give us a specific formula to this… Read more »

Telegram Username
@victorogb
Victor
Guest
Victor

A visit to your website, shows your single asset pools and your current security status. With particular reference, to security, you’ve clearly displayed your completed audit status with Beosin and Peckshield and also a current audit plan with Certik. This is pretty impressive, as it gives a certain level of confidence to investors. Can you kindly provide us with the audit reports from Beosin and Peckshield, what were some of the identifiable lapses and how were they resolved, also why has Pinecone opted to have 3 separate audits on it’s systems, and asides audits, what other security measures are implemented… Read more »

Telegram Username
@victorogb
Asela Priyashantha
Guest
Asela Priyashantha

Currently Users Can purchase $PCT tokens on BabySwap Which is introduced to the market recently. Why did you make a compromise with BabySwap while there are top exchanges in BSC ecosystem such as Pancakeswap? And also by staking PCT-USDT pair, Users are able to earn $BABY tokens. Conversely by Staking $BABY tokens, $PCTs can be earned. In here, how much is the minimum & maximum amounts, Users should have in order to participate in Staking Protocal on BabySwap? What will be the Given APR for PCT-USDT & $BABY tokens Stakings? What will be the claiming periods, Will users be able… Read more »

Telegram Username
@Asela1112
Emilia
Guest
Emilia

I read that Pinecone launched the staking pool of its native token PCT at 09:00 UTC on August 18, 2021, and it was attacked at 11:41:19 AM UTC. The project team took quick action to stop PCT pool contract and fixed the issue immediately with PeckShield, a renowned tech auditing firm. I also read that the user decided to return the funds to the Pinecone team. How did you handle this situation? How was the agreement with the user who took the funds? How was the feedback received from your community after this?

Telegram Username
@Emidm28

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