AMA Satoshi Club x Pledge Foundation, September 26th

We are pleased to announce our next AMA on September 26th 2021 at 01:00 PM UTC Time: Satoshi Club x Pledge Foundation

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

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

Part 3: 300$ – A quiz about Pledge Foundation

For more details:
Pledge Foundation Website – pledger.finance
Pledge Foundation Telegram – @pledgerfinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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Stephen Botwe
Guest
Stephen Botwe

Based on my understading of the information on your website, Pledge has the aim to become crypto-asset lending platform for all. Meaning lenders can Deposit stablecoins into the liquidity pool and receive corresponding pTokens to earn a fixed APY for providing liquidity to the protocol. Also, borrowers can deposit BTCB and acquire DAI or USDC at ease. This sounds amazing. My question is, as a borrower, does it mean the only way to receive or borrow an asset is by making a deposit myself? I mean more like providing some form of collateral before getting to the accessing loan?

Telegram Username
@uplinestephen
Stephen Botwe
Guest
Stephen Botwe

One thing I noticed from your website is that, Pledge enables each loan term (interest rate, maturity) to be fixed when the loan was made, avoiding interest rate volatility for long-term loans. So my question is, how does this fixed interest rate on loans affect lenders who might want to borrow their asset? Do you think it will encourage more users of the Pledge platform to want to borrow their assets, knowing that interest rate is fixed? Also, wouldn’t the fixed interest rate be of much benefit to borrowers than lenders? How do you balance it to make sure that… Read more »

Telegram Username
@uplinestephen
John
Guest
John

Pledge Finance provide a financial bridge that will blend the attributes of CeFi and DeFi. How will your platform enable users to enjoy the stability of CeFi structures together with the transformative growth of DeFi financial freedom? You also said that your platform will not place a focus on crypto users but will include applications in non crypto scenario such as in real estate. Can you explain how you explain how your financial application will serve different financial users interest irrespective of economics and social barriers?

Telegram Username
@Highpee
John
Guest
John

The crypto space is renowned for its peculiar volatility nature that all investors passes through in their crypto adventure. However, I read where you said that you will “put an end to market volatility” and I am curious as to how this will be done. Is it that borrowing, lending and liquidation-triggered activities within Pledge ecosystem will be immune to floating price hassles and gyrations? In what way will your protocol be able to put an end to emotional market behaviour and the uncertainty that follows? What innovative system will you put in place that can provide appropriate forecasting or… Read more »

Telegram Username
@Highpee
John
Guest
John

Pledge hopes to redefine the Financial markets by introducing the concept of financial NFTs which can act as collateral in your loan agnostic marketplace. Can you describe your concept of Financial NFTs and why it is going to be issued as an ERC-1155 standards? How will NFT users access this loan marketplace? How will NFTs be evaluated and valued to ascertain its proprietary and financial worth before they can be used as reliable collaterals?

Telegram Username
@Highpee
Pavel
Guest
Pavel

Pledge protocol is empowered by governance token PLGR. Your whitepaper states that a certain amount of PLGR tokens will be awarded to borrowers as rewards and similarly, a certain amount of PLGR tokens will also be allocated to lender/liquidity providers. As the total allocation of PLGR tokens is 10.000, could you confirm the exact percentage of distribution between borrowers and lender/liquidity providers? Is there an amount left for Pledge team members? Thank you!

Telegram Username
@Pavel_Jarosh
Miriam Michael
Guest
Miriam Michael

PledgeFinance is now built on the Binance Smart Chain (BSC) and utilizes a dual governance token mechanism called PLGR & Master-PLGR(MPLGR) tokens. How will these two tokens function in your governance system and in yield farming earnings? Do you plan to have a cross bridge to other blockchains like Polkadot, Heco, Polygon, and Ethereum? Which of these tokens will function as your real governance token, and will there be any swap ratio between them? Thanks

Telegram Username
@Cheriemike
Miriam Michael
Guest
Miriam Michael

Today,Decentralized Finance offers lower interest rates for borrowers as it streamlines the process, cutting out the middlemen of traditional banking while offering more equitable availability through its inclusive structure.Many are leaving legacy banks and seeking more innovative means of preserving true wealth, with DeFi leading the way.In one of your article,i notice that Fixed Rate Lending in DeFi will be the first major use case for PledgeFinance.My question is how to you plan on reducing the risk exposure associated with DeFi loans, and how would you offer a real-world alternative to people looking to maximize their assets? How do you… Read more »

Telegram Username
@Cheriemike
Miriam Michael
Guest
Miriam Michael

I read in an article that Pledge Finance has partnered with 247pro.com,a leading construction estimate and management platform with hundred of paying customers.Can you tell us more about this partnership?Do you plan to grant loan to some homeowners,if yes what will these home owners use as a collateral to borrow money?And what will these loan accomplish when granted,will these home owners fill out any loan applications or any credit check and underwriting?What is the time period like to payback loan?

Telegram Username
@Cheriemike
Lestmaris vera
Guest
Lestmaris vera

While traditional financial markets and Ce-Fi work well, they are imperfect in their transitions for users. They are susceptible to being hacked Malicious intentions in the form of bad loan deals, high transaction fees (capital gains tax). Pledge finance protects its users from hackers through what features? Has the Pledge smart contract been audited yet? Pledge, can we consider it a very safe platform?

Telegram Username
@Lestmarisv13
Lestmaris vera
Guest
Lestmaris vera

Pledge’s goals are different, Pledge aims to be the crypto asset lending platform for non-merchants. Pledge responds to the need for longer term funding in real world applications, primarily serving crypto asset holders to diversify their portfolio with non-crypto assets. Through which assets pledge allows the diversification of the portfolio of non-cryptographic assets to its users? Does a pledge have a marketplace for asset trading?

Telegram Username
@Lestmarisv13
José Gamboa
Guest
José Gamboa

There are three types of users that can interact with the Pledge Protocol: Borrowers, Lenders, and liquidity providers. How can these three types of users interact with pledge? What advantages does pledge offer to each of the types of users that can interact with the platform?

Telegram Username
@Josegamboac
José Gamboa
Guest
José Gamboa

The Pledge protocol features a special liquidity curve designed to minimize slippage when trading pTokens based on the logit function, which greatly reduces slippage and can create an upper / lower limit of the exchange rate. What is the special liquid curve designed per garment? How does this special commitment cash curve work? What are the advantages of the special liquidity curve?

Telegram Username
@Josegamboac
Rotoxy
Guest
Rotoxy

Pledge ecosystem will play host to two governance ecosystem tokens: PLGR and Master-PLGR (MPLGR). Why is it necessary to introduce two separate tokens that perform similar governance functions? Also, MPLGR holders will be able to override PLGR decisions when exercising governance functions? How do users obtain PLGR and who are the ones that are granted access to MPLGR? And does it means that holders of MPLGR are more esteemed and valuable within your protocol? How will governance be done without creating unfriendly friction between both token holders?

Telegram Username
@Rotoxy
Rotoxy
Guest
Rotoxy

Your token sale is scheduled on 5th of October and you are using Token Soft for this sale. Due to the high volume of participant, users are having difficulties receiving verification and passing Token soft KYC. How can we successfully register for this event before the end date? Why didn’t you use other popular IDO platform that can handle massive volume of presale participants? How many tokens will you be selling and at what price? And lastly, will you perform sales on other platforms so that users who are unable to complete Token Soft delayed registration verification can still have… Read more »

Telegram Username
@Rotoxy
Rotoxy
Guest
Rotoxy

You stated that we can deposit $BTCB and acquire DAI or USDC at ease. Can you tell us the reason why you choose this stable coins for your loans?
What is the minimum amount of $BTCB that one need to deposit in order to acquire DAI or USDC?

Telegram Username
@Rotoxy
iGervacio
Guest
iGervacio

I recently learned that interest rate swaps have become a good solution to curb the rampant instability and risks associated with variable interest rates. How does an interest rate swap convert the interest on a variable rate loan into a fixed one? do you use a benchmark interest rate or something similar?

Telegram Username
@igervacio
iGervacio
Guest
iGervacio

You mentioned that the most common examples of interest rate benchmarks followed in the world in financial contracts include the London Interbank Offer Rate (LIBOR), the Euro Nightly Average Index (EONIA), etc. Does a variable rate loan come with a prepayment penalty? can investors secure a rate that would start in the near future?

Telegram Username
@igervacio
iGervacio
Guest
iGervacio

Traditional interest rate mechanisms work well for short-term loans, and DeFi has focused on those mechanisms. Now, however, Pledge is changing this with the introduction of interest rate swaps, how is it possible to lock in a fixed rate that will start on a specific date? How can future rates be secured through these swaps?

Telegram Username
@igervacio
Nhairy
Guest
Nhairy

Many projects are incorporating the NFTs into their main activities, even now they are assigning financial functions and uses to it a lot, in the Pledge platform, which is the main function of the NFTs, since you attribute that dynamic and adaptable nature that these assets possess. fungibles, what do you consider to be the importance of tokenizing the NFTs, is the BLOCKCHAIN ​​necessary for the best use and development of the NFTs?

Telegram Username
@nhairym
Nhairy
Guest
Nhairy

Because their need to create financial NFTs, as ERC-721 tokens influence the creation of financial NFT assets, among the objectives of Pledge is to be a loan platform for non-merchants, because they have placed that barrier and excluded that sector of the market, as they plan to attract non-merchants, according to their documents Pledge users fulfill the roles of lender, borrower and liquidity provider, but personally I would like to know how a liquidity provider and a lender differ (financially they are not the same?), how do you envision Pledge in the future?

Telegram Username
@nhairym
Nhairy
Guest
Nhairy

What is the promise of Pledge Finance to the decentralized financial community, do you think it can close the gap that exists between the traditional and decentralized financial systems, how can Pledge reduce exposure to volatility of interest rates for borrowers? / lenders, plan to incorporate new blockchains Etheteum, Polkadot, Polygon maybe?

Telegram Username
@nhairym
R. Alberto
Guest
R. Alberto

You mentioned in a past article that due to the overwhelming and unexpected volume of registrations, more than 12,000 users were not able to receive the verification email that enables people’s participation. What solutions has Pledge Finance implemented to prevent this future congestion from recurring, and how will they manage the following volumes of records?

Telegram Username
@alberto_vzla
R. Alberto
Guest
R. Alberto

The Pledge Finance platform announced that it will be releasing an additional PLGR of 10% to the first 1,000 PLGR token purchasers on October 5, 2021 (up to 2,000,000 PLGR will be available). What are the rules that your platform has established so that the winners can acquire this additional rewards for buying PLGR tokens and how will you manage these winners for a fair distribution?

Telegram Username
@alberto_vzla
R. Alberto
Guest
R. Alberto

You recently said that one of the shortcomings of a floating rate bond market is the common and critical unpredictability, in addition to the associated need for constant monitoring. So how can Pledge Finance bring stability to DeFi on interest rate assumptions if any change in interest rates will have a negative impact on borrowing costs?

Telegram Username
@alberto_vzla
MMcarlos
Guest
MMcarlos

I read this news: “Smart contract of Pledge Finance successfully audited by CertiK”, it is good news that the Pledge Finance platform collaborates with CertiK to improve its current security standards, what were the results that Pledge obtained about the security of its contracts And what other integration or collaboration will you do in the future to improve the security of Pledge?

Telegram Username
@mm_carlos
MMcarlos
Guest
MMcarlos

It has become very popular that volatility and floating rate loans in the current DeFi market discourage most operators from lending and investing because uncertainty is the greatest enemy of exponential growth, what solutions has developed Pledge Finance to stop the floating rates of the market completely and how will your loan protocol be able to erase the unpredictability?

Telegram Username
@mm_carlos
MMcarlos
Guest
MMcarlos

A very important fact about the United States is that its community greatly influences most of the public sales of projects, therefore it is necessary to have this community, however, I recently read on Medium that all American citizens and residents They will not have the possibility to participate in the public sale. What is the reason why you put this restriction on your current public sale and that other communities will not be able to participate in your public sale either?

Telegram Username
@mm_carlos
Essence
Guest
Essence

Pledge Protocol- there are three types of users who can interact with the pledge protocol to wit, borrower, lenders, and liquidity providers. Can a user be allowed to be both a borrower,lender and liquidity provider under the pledge protocol? Could you tell you enthusiasts how to become a user under pledge protocol blockchain

Telegram Username
@Billz120
Cleotilde
Guest
Cleotilde

I have recently read that only verified KYC users will be able to buy PLGR tokens. You said that you will continue to process KYC only for users who already have the status ‘Documents in review’, does this mean that no other user will be able to participate in the sale if they do not have their documents in review status? Some KYC processes omit the participation of American users. Are there restrictions for countries in the American continent?

Telegram Username
@cleotilde1
Cleotilde
Guest
Cleotilde

I have read recently that before the sale I can enter a “waiting room” at any time before the start of the sale to prepare for what is coming, taking into account that everyone in the waiting room will be given a place in the row. What will happen to users who have not had time to enter this waiting room or have had problems with the generation of the queue number? is there a solution for those people who arrive after the sale begins?

Telegram Username
@cleotilde1
Cleotilde
Guest
Cleotilde

You said on your website that after the wonderful escalation of your Strategic Round, the Pledge Finance platform will begin with the registration for your Public Sale on September 14 at 11 am EST, what was the total amount of PLGR that was available for those sales of public rounds and what is the reason why you established a South American schedule for this activity? Does Pledge Finance have Hispanic roots or influences?

Telegram Username
@cleotilde1
Teeme
Guest
Teeme

Borrowers in traditional finance could runaway with the loan.

Telegram Username
@Tiemel5
Teeme
Guest
Teeme

One of the crucial use case of Pledgerfinance is to be the most utilized financial tool for the world. In application/ real world use where one can borrow money without going through a third-party intermediary. This sounds interesting and could make you the biggest project on BSC. Borrowers in traditional finance could runaway with the loan. Then, how do you address the issue when there is a prolonged payback time for borrowed assests, in your platform. Will the assests/money be borrowed with/without collateral?

Telegram Username
@Tiemel5
Teeme
Guest
Teeme

I can read that a while ago you started your testnet, but couldn’t find details if it’s still running or not. Can we still participate in the exercise at this moment?. Also as you plan to launch your V1 as well as your publicsale on Tokensoft on October 5th, how can interested users get on board?. Will the public sale be on lottery based, or first come first serve basis as it says we need to join the waiting room? Will there be need for KYC? As for those who will not make it to the waiting room before the… Read more »

Telegram Username
@Tiemel5
Teeme
Guest
Teeme

An important and crucial factor for mass adoption of any successful project is for it to have a seamless user interface. With that in mind,how effectively and efficiently optimized are the protocols involved in Pledgerfinance so that the user finds your platform friendly to use? Being in such a competitive environment, what kind of services / products do you offer to your users to scale up and develop your platform to be adopted by all?

Telegram Username
@Tiemel5
Cenk Kargin
Guest
Cenk Kargin

What is your path to build large and strong communities and expand the Pledge Finance project to more areas? Do you plan to involve non-crypto and non-English speaking people for Pledge Finance? Is there a region you focus on for marketing, could Africa and South Asia be an area for Pledge Finance?

Telegram Username
@cenkkargin0666
yasin babadag
Guest
yasin babadag

It came to my attention that you mentioned that NFTs, combined with the attributes of decentralized finance (DeFi), could revolutionize creating unique financial services. Could you tell us about the potential of NFTs to revolutionize DeFi and how the Pledge Finance team will evaluate this potential? What functions could NFTs have in the future of DeFi?

Telegram Username
@MCBTrade
yasin babadag
Guest
yasin babadag

Pledge Finance is a crypto asset lending platform for DeFi that puts an end to one of the biggest challenges in the form of market volatility and floating rates. So, what are the details of the solution method you provided to end this difficulty? What advantages will arise with this solution for both Traders and non-traders?

Telegram Username
@MCBTrade
yasin babadag
Guest
yasin babadag

In your opinion, the DeFi industry desperately needs more fixed rate lending options. Could you tell us about the contributions of the fixed rate lending option to DeFi? How important is this loan method for further acceleration of the development and growth trend experienced in DeFi?

Telegram Username
@MCBTrade
SEN
Guest
SEN

Right now Pledge have open the pre-sale registration to purchase the PLGR token, but can you give us more details like where will it be the pre-sale and what are the requirements to participate? How do you prevent that whales will not dump the token price?

Telegram Username
@Tony253210
Manugotsuka
Guest
Manugotsuka

Pledge finance offer another platform where user can lend their money, but to be honest this is not a new thing, so many other do the same, so can you tell us why investors should choose you? What makes Pledge different from the rest?

Telegram Username
@Manugotsuka
Jade
Guest
Jade

At difference of others leading protocols, pledge uses BSC to start, but have you considered the addition of other chains?

Telegram Username
@JoanaZ
Ayuba Peter Akpa
Guest
Ayuba Peter Akpa

Stanford DeFi and NFT Summit 2021was an event held on the 24th of Sep. hosted by Pledge CEO Tony Y Chan. This Summit was attended by Brian Brooks Binance US CEO, Nicole Chang Ex VP of Global Biz Dev. BFS, Professor David Tse Stanford University Blockchain professor and inventor of prism, just to mention a few. Can you tell us more about this summit? What is the important or benefits of the summit to pledge as a project? What opportunities will such event bring to pledge ecosystem? Will such event be a one-time or periodic event by Pledge?

Telegram Username
@Ajpaa
Ayuba Peter Akpa
Guest
Ayuba Peter Akpa

Pledge Finance is offering fixed-rate, medium-term, long-term loans through its first-ever collateral-agnostic loan marketplace backed by decentralized blockchain technology. Traders and non-traders can now use both tangible and intangible assets, such as cryptocurrencies, as collateral against a crypto-based loan. Can you tell us more about your first-ever collateral-agnostic loan marketplace? Which set of tangible and intangible assets can be used as collateral for crypto-based loan and what happens if a collateral price value falls? Who decides the loan’s predefined maturity? Do you have a structure to resolve situations where a user is not able to payback for the loan? Or… Read more »

Telegram Username
@Ajpaa
Orlemys
Guest
Orlemys

You’ve said that Pledge will not be focusing on lending to investors who trade and sell short-term, but for long-term investors who want to use their crypto assets to invest in non-crypto assets. I’d like to know what’s the criteria behind this? After the user borrows, what’s the exact procedure, and how do you ensure the funds are used in the way you want?

Telegram Username
@Orlemys
Orlemys
Guest
Orlemys

pTokens are the building blocks of the Pledge Platform. However, I noticed your tokens are pegged to stablecoins. Why is that? Would you please explain which is every one of these pTokens, what are their specific functions within your platform, and why you chose to have multiple tokens pegged by already existing ones, instead of a native one?

Telegram Username
@Orlemys
Ariana
Guest
Ariana

Pledge finance proposes a solution in decentralized lending market by reducing the exposure to interest rate volatility for borrowers and lenders, but could you explain through what mechanism? Is this solution of yours influenced by the crypto market in general? What makes it an innovative solution?

Telegram Username
@Arisabela
Ariana
Guest
Ariana

It caught my attention that regarding your borrowing feature people can deposit BTCB and acquire DAO or USDC, precisely this, why not use your native tokens to favor the adoption of your stablecoin in this function and in your ecosystem in general? Do you plan to increase the usability of your coins beyond the governance method?

Telegram Username
@Arisabela
Arun Sajeevan
Guest
Arun Sajeevan

Unlike most DeFi lending protocols, Pledge is not
based on Ethereum but on Binance Smart Chain.Ethereum is the largest DeFi platform for smart contracts,Then why was Binance Smart Chain,the obvious choice for the @PledgerFinance ?What are the advantages of it over Ethereum?

Telegram Username
@Champvortex

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