AMA Satoshi Club x Polylastic, May 5th

We are pleased to announce our next AMA on May 5th 2021 at 11:00 AM UTC Time: Satoshi Club x Polylastic

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

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

Part 3: 300$ – A quiz about Polylastic

For more details:
Polylastic Website – polylastic.io
Polylastic Telegram – @polylastic
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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Mixer40
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Mixer40

I try see your code. Why is your github so empty?

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@mixer40
Jonah Apagu
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Jonah Apagu

You started out with the name “Polkalastic”, before changing to the name “Polylastic” due to what you call a serendipitous turn of events..can you explain what events, actions or issues led to this change.. and how does this involve polkadot, because in one of your article there is a disclaimer that Polkadot continues to be an integral part of your plans and when they are ready, you’ll be there…what does this mean?

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@Jonahapagu
Jonah Apagu
Guest
Jonah Apagu

The Polylastic (POLX) Index is designed to track token performance within the Elastic Finance industry (EFi), and your index will include elastic cryptocurrencies, seigniorage tokens, algorithmic stablecoins, cash systems e.t.c, so how do you decide what assets makes up the basket for your index token, what criteria or requirement must a token meet before being considered to be part of your basket of assets…

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@Jonahapagu
Jonah Apagu
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Jonah Apagu

Polylastic features a two-tier staking model to reward participants who participate in your index, they are POLX (Direct sync staking) and POLX LP Tokens, where Liquidity providers can stake their LP tokens and be rewarded appropriately for their contributions to index health.. so what are the key differences between this two tiers of staking models, how do participants participate in this two tier staking model how does your staking model contribute to the index health

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@Jonahapagu
Ayuba Peter Akpa
Guest
Ayuba Peter Akpa

POLX token is said to be double deflationary token, what is the Deflationary Mechanism? which new standard will this set?

Telegram Username
@Ajpaa
Ayuba Peter Akpa
Guest
Ayuba Peter Akpa

The world of synthetic assets is virtually unlimited.. Polylastic is said to be one of the most popular projects of 2021 in a tweet, So is Polylastic set on an enormous marketplace? How do you intends to bring it to plain view and help investors to see it’s true value?

Telegram Username
@Ajpaa
iizabila zozo
Guest
iizabila zozo

Q How safe SafeToken to buy, if you have performed an external audit?
how do you deal with hacker attacks, do you have a bug hunter program?

Telegram Username
@iizabila4
iizabila zozo
Guest
iizabila zozo

Q. Safe Token applicated 10% for each transactions, a bit high.
How the fees distribution?
What reason for holder to keep their token?

Telegram Username
@iizabila4
Ayuba Peter Akpa
Guest
Ayuba Peter Akpa

Polylastic believes there is massive growth potential for elastic finance or EFi. How can Polylastic’s overall value proposition and token utility help bring visibility and needed profile to this emergent sector of crypto?

Telegram Username
@Ajpaa
iizabila zozo
Guest
iizabila zozo

Now that there are so many competitors in the space, why should I choose you. What makes you different among them. ?

Telegram Username
@iizabila4
Li Zam
Guest
Li Zam

One of the elements of Polylastic is the Tiered Network Taxation. Can you explain what is this network based on? Specifically, what does it enable within the Polylastic network? Also, I read that it uses a certain formula that stimulates growth and rewards the ecosystem, so can you give us more details about how this formula works to ensure all of that?

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@lzamg
Li Zam
Guest
Li Zam

The POLX token is defined as a double deflationary token. What does that term mean exactly? Can you tell us what are the benefits of this double deflationary token versus the regular deflationary system?

Telegram Username
@lzamg
Ariana
Guest
Ariana

$ POLX has a characteristic of being a double deflationary token, it’s mentioned on a Medium article that your deflationary burn feature will be accelerated by your “tiered network taxation”, can you provide more details about your deflationary mechanism? Will the holders also get benefited from this tiered network taxation?

Telegram Username
@Arisabela
Ariana
Guest
Ariana

On your value proposition you mention about offering exposure to EFi or Elastic Finance via the $ POLX token, maybe we aren’t all familiar with this new sector in the crypto world, can you tell us what’s new and how exactly will the $POLX token be involved?

Telegram Username
@Arisabela
CryptoFollower
Guest
CryptoFollower

You had your IDO Date as May 4th, 2021 on the KickPad platform. But it didn’t take place and you postpone it to later date and to 10th. What is the reason for this postpone? Also a centralized exchange listing coming too. Could you please share the details about your listing?

Telegram Username
@cryptofollower
ysabel
Guest
ysabel

Can you explain the mechanism of Polylastic, what are its elements and how they work together, also could you tell us, how reliable do you consider it is and if you have made any internal or external test to corroborate its good performance?

Telegram Username
@ysasoma
ysabel
Guest
ysabel

Polylastic was designed to be used by any type of user, even if they are new to the elastic finance industry, or is it necessary to have some basic training to be able to understand the index they have developed?

Telegram Username
@ysasoma
Jean Pierre Hernandez
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Jean Pierre Hernandez

POLYLASTIC INDEX PLANS TO INCLUDE IN THE NEAR FUTURE BINARY OPTIONS, REAL ESTATE STOCKS, AMONG OTHERS?

Telegram Username
@Pirry05Universe
Jean Pierre Hernandez
Guest
Jean Pierre Hernandez

POLYLASTIC HAVING AN INDEX THAT IS WEIGHTED BY THE VALUE OF COMMUNITY SUPPORT, IS THIS COUNTERPRODUCTIVE TO THE PROJECT OR DO YOU FEEL CONFIDENT AND SECURE THAT YOU WILL HAVE MORE AND MORE COMMUNITY SUPPORT?

Telegram Username
@Pirry05Universe
Jean Pierre Hernandez
Guest
Jean Pierre Hernandez

WHAT REASONS DOES POLYLASTIC GIVE TO NEW USERS FOR THEM TO CHOOSE POLYLASTIC OVER OTHER SUCH PROTECTORS, I.E. WHAT ARE THE ADVANTAGES AND BENEFITS OF POLYLASTIC FOR THE COMMUNITY AT LARGE?

Telegram Username
@Pirry05Universe
Victor
Guest
Victor

One of the many features of Polylastic is the deployment of a tiered taxation structure on all transactions, with 100% of proceeds at launch redistributed to holders and participants. Can you briefly explain how this model works? Also worthy of note is the fact that, holders also earn as the POLX token changes hands and the index activity grows. How are such earnings calculated by the system and how does this activity correlate to direct growth of the index activity?

Telegram Username
@victorogb
Araminah
Guest
Araminah

Your upcoming IDO on KICKPAD Website will be on May 10th, 2021 where there will be only 100 winners from this whitelist campaign. So may I ask why you chose the Kickpad website to held your IDO and why there’s only a limit of 100 winners? And how’s the process of choosing the winners in a transparent and fairness way? Also can I still join the whitelist or I’m too late now? And what’s the reason behind why using the same wallet address cannot participate in both rounds?

Telegram Username
@Wormz28
Victor
Guest
Victor

Polylastic initially scheduled it’s IDO on the Kickpad network on the 4th of May 2021 (just yesterday), but this event was moved to the 10th of May obviously to coincide with your scheduled listing on Pancake Swap and a top tier centralised exchange also scheduled for the same day. Why the choice of Pancake Swap and how does simultaneously listing (both on a CEX and Pancake Swap) and carrying out an IDO help to further promote POLX and increase adoption?

Telegram Username
@victorogb
Sofia Isla
Guest
Sofia Isla

It strikes me that Polylastic will implement a tiered tax structure on all transactions. Could you tell us what levels will be implemented to carry out these transactions? You also mention that 100% of the income will be redistributed to the holders and participants. Why did you decide to distribute exactly 100% of the income instead of a smaller percentage? What do holders gain when the token changes ownership and how does the index activity grow? You also say that it is a scalable dynamic structure that stimulates growth and the ecosystem. How does Polylastic stimulate this?

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@sofiaisla
Sofia Isla
Guest
Sofia Isla

About your dynamic rate structure, you say that a dynamic and scalable percentage will be collected from each transaction, thus being distributed to the holders. Can you tell us what percentage amount do you plan to implement for this? How will Polylastic be organized so that each owner receives this percentage? And what strategies will you use to align community and project incentives, making Polylastic a trustworthy project?

Telegram Username
@sofiaisla
ale bianco
Guest
ale bianco

Can you tell us about the POLX burning system? Since the true scarcity and usefulness of tokens are vital for a network to flourish, how will Polylastic go about achieving this fully efficient burning and huge growth potential for elastic finance or EFi? In addition, in what percentage (%) will the rates be distributed and how will you obtain a double deflationary in this burn?

Telegram Username
@alaskasb
Sofia Isla
Guest
Sofia Isla

You mention that liquidity providers who stake their tokens will be rewarded for their contributions and that these bets will be made through your proxy and manager contract architecture. Could you tell us what rewards will be awarded to these liquidity providers? Is it sure that they will be received by them? Are your architecture and proxy trusted places to do these transactions? Can you talk more about how LP tokens can be wagered?

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@sofiaisla
ale bianco
Guest
ale bianco

You mention that Polylastic presents a two-tier participation model to reward participation in its index. Can you tell us more about this? How can stakeholders delegate their participation in any project in the index, indicating their support and in turn increasing its weight? What benefits do you offer through this design that allows POLX to capture innovation, community sentiment, and financial elasticity? What is the percentage reward ratio (%) of POLX and LP POLX?

Telegram Username
@alaskasb
jose daniel
Guest
jose daniel

partnerships bring a lot of value to the projects and generate much more trust among its users, so, could you tell us how many partners Polylastic currently has, how it will be able to attract more of them and what benefits they give to each other, with the partnerships it already has?

Telegram Username
@jodasf
Isabella
Guest
Isabella

It strikes me that The Polylastic (POLX) Index is designed to track token performance within the ever-evolving Elastic Finance (EFi) industry. But will this only include EFI and elastic cryptocurrencies? Why have you decided to base Polylastic on this system and what are the benefits that this index and EFi system offers to your project and capitalization that other DeFi projects do not have?

Telegram Username
@IsabellaIsla
Humberto Antoni
Guest
Humberto Antoni

I have seen many projects offer a real solution to the problem of the connection of the crypto world and the real world and I have never seen an effective cash system, can you tell us what your cash system consists of being an elastic finance market?

Telegram Username
@Antoni_azx
Humberto Antoni
Guest
Humberto Antoni

Your team has experience working with some big centralized companies like Google and even the Bank of America, what can you highlight from that experience that can be incorporated into Polylastic?

Telegram Username
@Antoni_azx
Araminah
Guest
Araminah

You said Genuine scarcity and token utility is vital for a network to flourish and you believed there is massive growth potential for elastic finance or EFi. So how is your overall value proposition and token utility helps you bring visibility to this emergent sector of crypto?

Telegram Username
@Wormz28
Araminah
Guest
Araminah

Polylastic will also deploy a tiered taxation structure on all transactions, with 100% of proceeds at launch redistributing to holders and participants. So how is your distribution process works and what other benefits this taxation can offer? Also can you explain what does it mean by holders can also earn as the token changes hands and the index activity grows? Thank you.

Telegram Username
@Wormz28
Frozen
Guest
Frozen

Polylastic is an Elastic Finance Aggregator under BSC chain which have 1 native token POLX token. Can you tell us what are the function from POLX token? And what is the benefit holding your token?

Telegram Username
@Xusuo
Pei Er
Guest
Pei Er

I noticed that some of the teams behind Polylastic is from different established platforms like Google, Certik, Orion’s and Bitfinex. So how does those experiences from different established platforms helps your team be guided and be innovative in Polylastic? What advantages that your team have, since you are from different established platforms in the market? How does it brings impacts in getting partnership,in developing your platform and getting investors in Polylastic? Thank you

Telegram Username
@yellowchamp
Indomie
Guest
Indomie

Actually I always hear about DeFi and I believe most people already familiar with DeFi system. But EFi (Elastic Finance), honestly this is the first time i hear about this system. Can you describe how does EFi system work in Polylastic? What makes it different with DeFi?

Telegram Username
@Indomiekuy
Pei Er
Guest
Pei Er

Polylastic IDO is originally scheduled last May 4 in Kickpad but it was postponed this coming May 10. So can you tell us the reason why the IDO is being postponed? Since the IDO is rescheduled this May 10,do we still have a chance to participate the whitelisting process of Polylastic IDO in Kickpad? If yes,can you tell us more about the details on how to be whitelisted with this IDO? By the way,why do you choose to launch your IDO in Kickpad? Thank you

Telegram Username
@yellowchamp
Korryl
Guest
Korryl

I see in your platform you have 2 type of staking system to reward your user, first is Stake POLX and other Stake project LP Tokens. Can you explain how does your stake mechanism work? For your opinion which one is better?

Telegram Username
@Korryl
Rыs'ka
Guest
Rыs'ka

You have some kind of interesting Taxation system, in which 100% of proceeds at launch redistributing to holders and participants. Holders also earn as the token changes hands and the index activity grows. How did you come to this system? Why is Taxation better than flat fee, what are its benefits?

Telegram Username
@NataliyaKil
Adrian Petrea
Guest
Adrian Petrea

So polylastic gives us a better perspective on the projects that got growth potential, but this fact won’t cause certain projects to be over or undervalued, drawing our attention just to the leading projects? Will this “trend feeling” evaluation reflect the true value of a project, not leaving some behind?

Telegram Username
@adrianpetrea
Robo
Guest
Robo

There is a problem that mostly cryptocurrency usually have is about scalability refers to the limited capability of the network to handle large amounts of transaction data on its platform in a short span of time. So how is Polylastic Elastic Finance possible to solve this issue?

Telegram Username
@Pratze
Rыs'ka
Guest
Rыs'ka

You recently announced a listing on May 10th on the popular, top-tier centralized exchange and moved the IDO to Kickpad for that same date. Why did you decide to hold both events on the same day and have you decided at the moment with the start time of the events? At the time the listing article was published, the time was not specified. Users will be notified of the start in advance and through what channel?

Telegram Username
@NataliyaKil
Amid
Guest
Amid

I have read about your great project, but we would like to also know more about the people behind this idea? Could you maybe give a quick introduction about your time and how did you come up with this excellent idea?

Telegram Username
@Techfanatic
Amid
Guest
Amid

Do you have a face to face community group or are you planning to organise some? This would raise awareness about the project

Telegram Username
@Techfanatic
Andrey
Guest
Andrey

Hi Polylastic!
I know your project was formerly known as Polkalastic, can you tell us why you decided to change the name to Polylastic? Did this change help you to achieve the goals you set for rebranding? Were there any functional changes in the project backend as well? Thank you!

Telegram Username
@andrey_seleznov
Andrey
Guest
Andrey

Hi Polylastic!
POLX will be what you call a Double Deflationary token. Please tell us more about this double deflation functionality. I wonder what will be the total burn percentage and will there be a reflection to holders?
In the long term token price may go too high and decrease adoption of the new users, do you have contingency plans for that? Thank you!

Telegram Username
@andrey_seleznov
Andrey
Guest
Andrey

Hi Polylastic!
Polylastic’s index is based on a weighted basket of EFi assets where indexes are weighted solely by market cap, therefore, the largest projects will comprise the majority of the index. Won’t this mean that index will mostly follow BTC and ETH and ignore fluctuations of the smaller tokens? What advantage will the index bring vs simply holding BTC and ETH in the wallet? Thank you!

Telegram Username
@andrey_seleznov
jake bryan tutanes
Guest
jake bryan tutanes

how do you see this project in the next 5 years?

Telegram Username
@solefreak
M Alex Max
Guest
M Alex Max

Marketing strategy is very important. A product can be established on the market without marketing and promotion, whatever it is good. So what are your plans for this? How will you build strong relationships with communities?

Telegram Username
@Malex0123

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