We were delighted to welcome our guest from King Arthur. The AMA took place on July 23rd, 2021 and our guests were @mafeomatt @MajorJFK @BogdanOnBking !
The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.
Part 1 — introduction and questions from the Telegram&Bitcointalk community
Mary Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with King Arthur! Welcome to Satoshi Club😀
D. Папа Роуч: hello everyone! today our guests – @mafeomatt @MajorJFK @BogdanOnBking !
Mafeo: Good Afternoon Everyone
D. Папа Роуч: hello guys! 👋
Bogdanon (Will never DM you First): Hey Everyone 👋
D. Папа Роуч: how are you all doing? 😊
Mary Satoshi Club: Hello, guys! Welcome here 👍
Mafeo: We Are working hard in the background, but right now we are very excited to be here with you
D. Папа Роуч: that’s amazing 👍
Mafeo: How are you guys from Satoshi? I hope you happy to have us here. I’m thrilled to be here with this great group
Mary Satoshi Club: So, let’s start with intro 😀 guys, please, introduce yourself if you still didn’t and tell us more about King Arthur 🚀
BKING: Hi beautiful people !
i`ll shoot first
Hey Everyone, it`s Dan here! What an enormous pleasure having the opportunity to meet you guys, I`ve always found your AMA`s one of the best ways (if not the best actually) to find out more about the projects I`ve been tracking them from time to time (until the birth of #Bking ofc:)
First thing first, let me tell you guys something about me, I’m 34, like many of you I grew up with Sega-Megadrive`s until the first PC, A Pentium 2-400 Mhz came into our home ( back in 97 or 98 ), and changed my childhood and made me learn from a 5Lbs heavy book how to install Win 98+ drivers multiple times in a week because by the time I was getting back from the bathroom my friends already were ruining my OS :)). Then of course I discovered more curiosities, took the screwdriver, and started to open it up and doing Physical Upgrades like Ram, the 400MB HDD, etc. And here I am at my first IT high school in Padua – Italy, where I studied, lived and explored this world inside out for 10 years and managed to open my first PC-components Shop by the time I was 22. Am I talking too much ?! let`s cut to the point now.
I`m in the crypto space since the 2017 Bullrun when I remember I bought myself the first BTC for 1000 $ at a kiosk in Manhattan ( did I had the balls to HOLD up until 20k $ ? NO :)) it was then when I learned my first lesson (out of many tbh, but who didn`t ???) about how important is to have faith in a project and to not lose patience, the MOST valuable virtue in this business if you ask me ofc. So hearing about the tragedy of Arthur being killed unlawfully in the mountains of Romania I`ve called some of my old colleagues Math and Bogdan and started to talk about this topic for days/weeks. One thing led to another and we started this amazing crypto project. ( i can easily chat to you about this for a whole week but let us not being annoying to our audience )
This project isn’t about the fictional character King Arthur of Avalon, it’s based on a real-life story, that affected many people, and ultimately encouraged us to take a step and bring people together that know about the story of King Arthur the Bear. Arthur was the King of all Bears in Romania and throughout the Carpathian Mountains, it was one of the largest bears in Europe. For Romania, it was a symbol, and although protected, a few months ago it was unlawfully killed, hunted as a trophy, by a member of the Austrian Royal Family. This is our way of “PayBack” and we wanted to bring back Arthur to life. Our mission and what we want to create, will go beyond Romania and Europe, this is just where our story starts. This is a tribute, a project in his memory. Doge and Inu`s replica are polluting the crypto space right now, if you ask me, so Arthur brings much needed fresh air backing it up always by real life environmental engagements. Remember we`re having fun on TG, we use Meme gifs, fooling around, but when it comes to serious work and commitment we are there 100 % day and night.
Our goal is to establish ourselves as a Top DeFi project with real-life ( RL) engagement and to distinguish ourselves from the inu`s wagon or the 99999xxx replicas of Shiba and Doge that are using big words to convince people but they never deliver what they promise.
Bogdanon (Will never DM you First): I’m Bogdan, and I’m glad to be *virtually* here and chat with every single one from this community.
For me, when I invest in crypto, the team behind the project is the most important thing, so here I am.
D. Папа Роуч: we are great! yes, we are! you read my mind 😄😉
Mafeo: Hi Everyone
My Name is Matt and I am one of the development team members.
When I say development, I wish I could say the tech and blockchain side, fortunately we have very talented people in that department. I am one of the people that are running the project and is on the structural development, such as strategy and business development.
Born in the late 80’s, growing up in the 90s and early 00’s, the technological boom was an absolute dream, although I did not have access to as much technology as I wished for,
I grew up understanding the power of tech community, powered by games, social platform interaction, kids and people passionate about hardware and sharing ideas. I believe it was the best time to grow up, as now for that generation, Blockchain and Crypto was the one thing we missed and we needed so bad. Finally everything makes sense.
Mary Satoshi Club: Great background! It’s a pleasure to e-meet you 👍
Bogdanon (Will never DM you First): I just turned 30, and I spend most of my time in front of my PC. A geek by nature, I love to learn anything and everything! I studied cybernetics, and since then I cannot separate tech from nature.
I had my first home ethernet connection at 14, and you couldn’t take me away from my PC afterward. Two years later I taught myself PHP & MySql and launched my first website: a text-based car racing browser game. When it got viral, I understood how powerful the internet is.
You could say I am a crypto veteran, being involved with crypto since 2011, developing websites, mining, trading, you name it.
People know me as the guy who’ll fix your tech-related problem in few minutes. And I guess that’s why Dan called me a few months ago to ask me if I have some spare time to talk about a new, exciting project.
And I couldn’t be happier when I heard the details, as we share the same humanitarian and environmental vision.
In my spare time, I love hiking. So far I have managed to visit a lot of important peaks in the Carpathian mountains and Alps.
Mafeo: I first got into Crypto in 2014, although I was contemplating if to buy Bitcoin in 2011, imagine that. I didn’t get into the Crypto space as early as my colleagues did, but I have been familiar with the space for a long time, back in the day when it was so difficult to purchase and we did not have all the easy protocols, exchanges, communities, wallets and so on. My first contact with crypto was Ripple (XRP).
My background is music, I have studied music all my life, although life has taken me on different roads. Living in London, I have started a business development business and later on through networking, I managed to start my own Property Development Business, which has been successful in the past 4 years. I love and understand the process of building a business, running a project, bringing to life starting from an idea and turning into a successful reality. With my own businesses, before King Arthur Defi/BKING, I have learned a lot and I have learned that the process is a marathon and not a sprint. Never backing out and always finding the best solution, will eventually help you succeed.
The reason why I liked the idea of King Arthur DeFi was seeing the injustice done to Romania and also to Arthur, the King Of Bears, which was killed unlawfully.
Dan together with Bogdan, had this amazing idea of creating this DeFi space, in the memory of Arthur, where the community can get together and bring value to this project and the BKING coin, through its humanitarian activities. Helping the nature, eventually helps us and it’s such a beautiful cause. I will not get into details in my introduction, but why I liked the idea is because it’s something I believe in.
The tragedy of this pandemic that we have been living in, has made me realise that we are actually a Big Tribe and we have the need to be together as a community, as one, to help each other. I realised that life needs to be something more meaningful, rather than the constant chase of something which isn’t rear. Maybe it sounds like a clichee, but this defi space it’s something I highly believe in, because of the technological usecase we want to bring to this project. The people that will be part of King Arthur Defi will be able to be actively involved and to have access to greater organisations that deal with aiding the planet. I want to be part of something great that my children and myself, can be proud of and to benefit immensely.
I will be here as long as I am needed. I am treating BKING like a baby, a BABY bear, I want to make sure I will give my everything until this baby is mature and strong, can walk, run and fly to the moon, to speak in modern crypto terms.
I want to make sure that this DeFi space is here to stay, to build a strong community, that will run forever despite market climate, a DeFi space that will make a positive difference in the world.
Mary Satoshi Club: Incredibly noble goals and mission 👏
Mary Satoshi Club: Sure😉
Mafeo: I like to make a proper intro so people know exacty my background
D. Папа Роуч: thank you for intro! that’s almost a little novel about your life 😊👍
Mafeo: I know I know, but its real and I want the people in the community to know that there are real people with great intentions in this project
Mafeo: Beautiful Intro Dan, it’s like we think the same.
Mary Satoshi Club: Interesting sense to stand behind your project😀 have you been to Romania?
D. Папа Роуч: that’s an interesting story 👍 never heard it. i agree with you about ‘doge forks’ 🤣
Mary Satoshi Club: Ohhh, now everything is 100% clear👌
Ahaha, hope you will! We need more real working projects 😃
D. Папа Роуч: yep, in the most of the cases they are copy of each other
Mary Satoshi Club: Thank you for your awesome intro, guys!
Mafeo: So, Satoshi Club, please feel free to ask us any questions about our project, how we have started and what our plans are for the near and long term future?
Mary Satoshi Club: We choose 6 questions from our community for the first part of our AMA 😀
Mary Satoshi Club: Are you ready?
Mafeo: Yes We’re Ready. Bear Army Here, on Duty
Mary Satoshi Club: Let’s go 🚀
Mafeo: Let’s Launch this Baby Bear in Space
Q1 from Telegram User @Highpee
King Arthur Defi was launched on June 6. However, the team launched another project called CoinCatapult. CoinCatapult will operate differently from King Arthur because its focus will be for voting and listing favourite crypto projects. Why do you launch another project when the current project is not fully developed and still seeking for mass recognition? How do you plan to manage the peculiarities of each project and ensure that none will obstruct the development of the other? Is CoinCatapult going to be community driven? How will you finance the two projects efficiently because in your Telegram, you had to seek for donation to raise fund for AMAs and listing?
D. Папа Роуч: managing a few projects is a popular thing in modern crypto 😁
Mary Satoshi Club: You’re right 😀
Bogdanon (Will never DM you First): CoinCatapult it’s my personal project.
It is an instrument meant to help BKING reach new users and holders.
20% of the CoinCatapult’s revenues will be donated to the BKING wallet.
BKING: so i was saying , lol The hashtag
BKING: in this Defi space with the right amount of ambition and faith you can move mountains.
Mafeo: King Arthur is not dependent on CoinCatapult or viceversa, Bogdan, being the genius he is, has build this platfor that he thought can aid us and many other new projects.
CoinCatapult it’s my personal project.
It is an instrument meant to help BKING reach new users and holders.
20% of the CoinCatapult’s revenues will be donated to the BKING wallet.
BKING: We have many projects in the sleeves all about KingArthur 🙂
Bogdanon (Will never DM you First): More projects will rise from the community
BKING: can i share the link of coincatapult ?
D. Папа Роуч: sure
BKING: maybe many of the people attending have no clue whats all about
Mafeo: We actually have a few projects planned and under development but also we are looking forward to hear from community members and come forward with new ideas
Bogdanon (Will never DM you First): Regarding developing projects.
BKING should be available to everyone in the world, and we can achieve this only by expanding our ecosystem to other blockchains as well.
The expansion is also an opportunity to improve the current smart contract, as there is always room for improvement.
There will be bridges to cross from one blockchain to another, facilitating an easy way to move funds across any blockchain.
We are open to suggestions from our community and we have the resources and the know-how needed for implementation. The only limited resource is time, so we prioritized the development plan carefully.
Mary Satoshi Club: Do you plan voting or how do you usually communicate with your community members?
Mafeo: Well first of all We will be discussing with our Community and a Vote will be an option, but we have a couple of project under development which is actual the FUEL to this Great Defi Project
Mary Satoshi Club: It will be something like a big corporation?😀
Mafeo: Our DeFi project with the Native token BKING
A project with a real usecase for preserving the Nature
We are community that can communicate easily through our platform
What will fuel the value of the project and the coin is our usecase, which will be backed by technological use as well
King Arthur DeFi will develop an App where member of the community and not only, will be able to organise and track active events, around the world based in their areas.
They can Organise Tree Planting, Forest And Park Clean Ups, Sea or Ocean Clean Up,
Donate to charities and help with Access to Clean Water,
Helping with WildFire issues around the globe, aiding Wildlife and shelters for Wildlife,
The app will be developed around a tracking device that can record these activites and users to be rewarded with BKING.
D. Папа Роуч: those projects will be also funded by yourselves? or you palnning any token sales?
Mafeo: Corporations is out of discussion, we are a DeFi project. As I said in the intro, we are here to grow this project, like you raise a child, until it has the strength to walk by itself. Metphorically speaking
Mary Satoshi Club: 1:0😂
BKING: found out my intro been deleted
Mafeo: These projects will be funded by the community mainly and hopefully by future partnerships
Mary Satoshi Club: It will be recovered in recap😀
BKING: thanks ! 😀
Mafeo: We have been out just under 6 weeks and there has been tremendous work in growing the community and finding a stability in our project, but also in the value of the Coin. We have been focused on getting exposure and having our first listing, so that people can see us as trustworthy project and will have the faith to join this great DeFi space and cause
Mafeo: We are working a lot in the background on our Usecase. What happened with King Arthur The Bear has awaken in us the thirst and hunger to do more for nature, at the end of the day we are part of it and it seems that we forget how to take care of it
BKING: One of them many goals also is to make it worldwide, to leave something behind, to do trees planting, donating to wildlife charities, ( i take this opportunity to salute all those #BearArmy members, that are making this phenomenon known the whole world and to make a call at arms for others to join us! ( using the term army here not in a bad way but in a constructive way: a united group of people that fight for the same cause and stick together no matter what ). I love you all remember Arthur loves you all, keep a close watch on this project, this is just the beginning.
Mary Satoshi Club: You’re developing fast, if your speed will stay the same i am sure you will reach your goals
D. Папа Роуч: definitely! thank you guys for the very informative answers! 😊
Mary Satoshi Club: Thank you for your answers, guys! Do you want to add something or we can proceed?😀
Bogdanon (Will never DM you First): We have only organic growth, step by step, action by action. Our efforts will be recognized, and more people will join us from all over the world. Like the whole crypto movement, we’re unstoppable.
BKING: There`s still a lot to talk about. would you like to know more about our tokenomics
Mafeo: I would like to ask everyone that is watching this space now to visit the website checkout the whitepaper and the roadmap.
BKING: and stuff?
D. Папа Роуч: this is the next question 😉
Bogdanon (Will never DM you First): We simulated lots of scenarios before the launch and went with the best option for our long-term plan.
The initial circulating supply was 500T, and we burned another 500T to initiate the smart-burn, having a total of 1Q tokens.
Why such a large number? Because the burn rate is accelerating.
We take 2% of each transaction and redistribute it to all addresses accordingly. This means the Burn address, which has 50% of all tokens, will get 50% of the redistribution.
A higher percentage will discourage the hodlers to transact BKING, and a lower percentage would result in a slow burn.
We locked the initial LP of 10 ETH & 500T BKING for one year. We didn’t burn the LP tokens, because we might need to migrate to Uniswap V3 in the future. You can see how much of a burden it is for old projects with the LP stuck in Uniswap V1.
BKING: That`s right on spot
Q2 from Telegram User @KhaleesiTheCryptoLady
I am interested in your product Built-in ARF (Automated Rewards Farming), which automatically distributes 2% of each transaction to all $BKING holders. So, how exactly does this work? Can you explain what are the types of transactions it enables? Which wallet do you support and should be used for holding $BKING token?
Mary Satoshi Club: Btw, i wanted to ask if you distribute in $BKING or in another currency?😀
BKING: Ofc there s everything at the sight, but @BogdanOnBking will do it better then that 🙂
BKING: *on etherscan
D. Папа Роуч: so you have a very huge total token supply, exactly like ‘inu’ type of coins that’s mean you were inspired by them in this case? and distribution token model also looks similar
Bogdanon (Will never DM you First): There is a 2% fee for each transaction using BKING.
The fee is distributed among all wallets proportionally to the holding of BKING.
The current burn address is at 53% right now, and as it grow up, it will receive higher redistribution.
You can use any ERC-20 compatible wallets, like MetaMask, Coinbase Wallet, and others.
D. Папа Роуч: but you can’t use exchange wallet?
BKING:
😄 Ofc we did not invented the Wheel here, at the end of the day all find inspiration one from another but the thing is when all is said and done : what did we do ? what have we left behind
D. Папа Роуч: because that’s a very important to clarify 😊
Mary Satoshi Club: How often this rewards distributed? Daily, weekly?😀
Bogdanon (Will never DM you First): It’s instantly, when a transaction occurs. You will see your balance growing
BKING: 🐼🐻🐼🐻🐼 i see many bear lovers
Mafeo: the redistribution percentage is directly proportionate to the holding amount of BKING in their wallet
Mary Satoshi Club: Do you have stats how many rewards are already distributed? And btw, does it have any impact on current token price?
D. Папа Роуч: when people trading your token on dex, to they have to set up any particular slippage?
BKING: Good point , so 2,5 % would be the minimum because of the ARF built in mechanism and yeah max 5 %
Mafeo: the redistribution percentage is directly proportionate to the holding amount of BKING in their wallet
Mary Satoshi Club: Thank you for your answers! Ready to go to the next question?😉
Bogdanon (Will never DM you First): 60.16T BKING were redistributed in total, of which:
31.03T BKING were burned.
29.13T BKING were distributed to holders
Mary Satoshi Club: Wow, nice numbers 👍
D. Папа Роуч: yuuge numbers 👀
Mafeo: Ready for next question, we would like to see as much interaction as possible, we’re really excited about our project.
BKING: indeed , Bking tokens are becoming very fast Rare and Valuable
picture this 60 T burned in ..less then 2 months
D. Папа Роуч: thank you for the great answers! let’s proceed to the next question!
Bogdanon (Will never DM you First): That’s almost 13% of the Circulating Supply
BKING: if this keep it on this path in 20 months 600 T will burn , impossible 🙂 but our main Core tokenomics i guess will start from there , when we will get down to 1 T total supply , sounds awesome
Q3 from Telegram user @Jmagsss
I saw in your website that based from the project’s Vision, you will donate a portion of the funds to charity and participate in community cleanups for the environment. Can you disclose information about the organization or group that the project intends to support and donate? Who are your projected non-profit organizations and where it is based?
BKING: Let me invite you to our Twitter account bkingdefi and see how our beautiful community started to get together in Romania, Italy, UK, USA since not even a month from the launching and involved in the first BKING signed cleanup out of millions to follow all over the world, also see the BKING vans parade at the Buckingham Palace
Mary Satoshi Club: https://twitter.com/BkingDefi?s=09
BKING: We already initiating the procedure for the NGO applied
Mary Satoshi Club: I see you, guys, already started 😉
Mafeo: First we will be donating to the bear shelters in Romania, which is the Biggest Bear Shelter in Romania, and at the moment there is a big issue with the hunting of bears. But that is where we start. We have been waiting to grow our community and to work together towards this. To be honest, we have been sad about the wildifres that happened in the past years in USA and Australia, so hopefully we will be able to create a large community in those areas and work in that direction too
First we will be donating to the bear shelters in Romania, which is the Biggest Bear Shelter in Europe, and at the moment there is a big issue with the hunting of bears. But that is where we start. We have been waiting to grow our community and to work together towards this. To be honest, we have been sad about the wildifres that happened in the past years in USA and Australia, so hopefully we will be able to create a large community in those areas and work in that direction too
Mary Satoshi Club: So, in the future you plan to donate worldwide 👍 You’re really planning very good things for our planet, don’t stop😀
Mafeo: To continue answering the question above, our Usecase will be fuelled by a piece of technology which we are working on, but that is also dependent on the growth of the comunity. We will have an app where people can easily connect and organise these activites together with future partners and charities
BKING: Yes! communities will have the opportunities to find the need where #BearArmy can do the part
Mary Satoshi Club: Is this app in your roadmap?😀
D. Папа Роуч: awesome! so you not focused to help only animals?
Mary Satoshi Club: Satoshiclubbers, join #BearArmy😀
BKING: tbh our next stop is tree planting
Mafeo: For example let’s say you are interested in creating a Tree Planting Programme and we are a few in the same areas interested in the same thing, so we are able to easily connect thorugh the BKING app. The community will be encouraged to use this actively, tree planting, clean ups and the users will be rewarded. We cannot say more, but we have been keeping this as a surpirse for everyone.
Mafeo: It will be on the roadmap and white paper
BKING: 1000 trees already in the talkings, we need to wait for the fall as the municipalities wouldn`t allow tree plantings due to extreme hot
and the effort would be in vain
Mary Satoshi Club: But you are already in talks with them?
D. Папа Роуч: do you planning to help people? 😊
BKING: Yes we did 😊 all is in the making, we just have to wait for perfect climate conditions
Mafeo: Not only, to be honest in the future we will want to partner up with a programme from Africa which is working on making clean water accesible, I cannot name it, but these will be all things that will be available. So be part of the community and stay up to date with our progress
Mary Satoshi Club: And you will start from Romania, right?
D. Папа Роуч: gotcha 👍
Mafeo: Romania is where the story started, but it can start from everywhere, we wanted to create a beautiful safe DeFi space where people in thte community are free to be active and come with business and activity ideas, from which the community benefits, they benefit, the value of BKING benefits and also the nature
BKING: Yes. . . you know , there`s always the tree . org foundation, we could have that done …but its not about that, we want to see the community involved , socialize, plant those trees …come back after years walking and seeing them grown
Bogdanon (Will never DM you First): Starting local, going global 🌍
We just set an example that can be followed by anyone from anywhere.
BKING: idk. maybe i fantezize too much, but hey never stop dreaming y’all
Mafeo: Exactly, we are here to build a Legacy and not just speak loud and press fast forward. We want to do it right.
BKING: everybody everywhere can do something and some Real life engagement
Mary Satoshi Club: I wish you success, guys! And really hope that your community will grow and help you in your mission 👍
Mary Satoshi Club: Thank you for your answers! Ready to jump to the next question?🚀
Mafeo: People can be part of something great and exciting and also change their future financially while doing something meaningful, this is what it is about
Mary Satoshi Club: Everything in one project 👍
Bogdanon (Will never DM you First): Yes, BKING is a bridge between the virtual and real environments.
Mafeo: So it’s a great opportunity for people to join this now, we have just started and we will build together, we get to make history and be part of it. If everyone of us will do a small action, the impact will be HUGE, we’re never too small for change
we can and we will make a change.
BKING: Bking, i use to say, is backing it up so whever relate to us is invited to the movement
Btw, i`m a 3 foreign languages speaker, so if there`s any italians, americans, you name it that want to start colonizing with Bears their regions by Moding a TG group Dm me so we can facilitate that. Actually i can get along with asians , indonesians chinese by using universal Bear language ! So if any BEARlivers in the project wanting to join us, we are looking to establish different communities and we invite you to participate actively and volutarely to our cause.
Mary Satoshi Club: I think you can find useful contacts in our group 🙂
BKING: definitely 🐻😊
Mafeo: Yessss, we encourage everyone from all corners of the planet to join and grow the community around them
BKING: knock knock it`s the Bearmada:)
D. Папа Роуч: and the first step for all of those who wants participate is to join social media @KingArthurDeFi 😉
D. Папа Роуч: appreciate for answers! 😊
Q4 from Telegram User @rakshitx5
You have mentioned on your website that King Arthur is 100% safe and unruggable but how it is unruggable do you have any bot which stops the big sell? Or what steps you have taken to make it unruggable and safe?
BKING: I like this Ama session, feels we are connecting
Mafeo: Great question and I believe this is a very important factor when choosing to join a project and invest in it
Bogdanon (Will never DM you First): By definition, a rugpull is when the dev team sell everything and “pull the rug” from its members, and usually they last less than one week.
We started the LP with 100% of the circulating supply and 10ETH, locked it for just one year, just for the occasion of moving it to uniswap V3 after that year.
The smart contract is solid, and the team is working everyday to expand the project.
D. Папа Роуч: your code which you used in contract is your original code or fork (copy) of some other project?
BKING: speaking about the smart contract, Certik Audit is in the talkings. keep your eyes on this project do not miss opportunities
D. Папа Роуч: currently you don’t have any audit?
Bogdanon (Will never DM you First): The code is similar to others, but was optimized to reduce gas fees for some situations.
The similarity comes from the blockchain being open-source.
All smart contracts should use the Zeppelin standardized libraries.
BKING: No sir, our contract is beign scaned and verified by endless 3rd parties without an Oficial Audit by this time ( we all know how much are the Fees for this kind of operation) so yeah this is next
Mary Satoshi Club: Also, what about insurance? Don’t you plan to use CertikShield, for example?
Mafeo: 100% yes we will be using the CertikShield
Mary Satoshi Club: Wow, congratulations! It’s a great step to secure Bears funds👍 we will follow the news from you! Thank you for your answers! Ready for the next question?
Mafeo: yes we’re ready for the next question
D. Папа Роуч: let’s do this!
Q5 from Telegram user @orlemys
King Arthur is a community-driven DeFi project built on Ethereum Platform. Your project mission is to make positive changes for the environment, and the wildlife that habitats it. This is a noble cause, but since you’re built on the Ethereum network, known for its extreme gas fees, it may not be accessible to many people. Please tell us if you have any future plans for cross-chain integration to blockchains like BSC that is way more affordable, and would most likely increase the number of investors you get. Also, why did you decide to launch on Ethereum despise the obvious drawbacks?
Bogdanon (Will never DM you First): We started on Ethereum blockchain because it has the most authority at this moment.
We want BKING to be available to everyone in the world, and we can achieve this only by expanding our ecosystem to other blockchains as well.
The expansion is also an opportunity to reach new markets, and to be accessible for lower fees.
And of course, there will be bridges to cross from one blockchain to another, facilitating an easy way to move funds across any blockchain.
Mary Satoshi Club: Which blockchain do you want to integrate next?
Bogdanon (Will never DM you First): Most probably it will be on BSC.
Mafeo: Launching the project on ERc20 offers better security and there are no weaknesses in the Contract. It is true that ETHEREUM has higher gas fees, but our plan is to create a 2way bridge on the BSC Network. WE Said it ::), the news is out there for everyone to see
Mary Satoshi Club: Yes, BSC is really on fire now🔥
D. Папа Роуч: so you will be use your token on different blockchains, will it be a wrapped version of your token or completely new token issued on a new chain?
Bogdanon (Will never DM you First): It’s a great question, we could actually expand faster on BSC, because we can implement complex functions that require a lot more gas. We tried to slim down the smart contract for ETH in order to maintain a low gas fee.
Mafeo: we know it is highly important to make accesible for people tat have maybe just 10 20 dollars to invest and the they cannot afford to lose half or almost all of it on gas fees
Mary Satoshi Club: That’s the main point 🙂
Mafeo: Same Token, but separate liquidity in BSC
We will not make a new coin now, this wouldn’t work and it would not be fair to anyone. it will be a 2Way Bridge that will benefit everyone and is completel fair
Mary Satoshi Club: Good decision 👏
D. Папа Роуч: ok, i think im understand 👌
Bogdanon (Will never DM you First): Creating a complete separate coin feels like a rugpull for the current holders. It basically doubles the circulating supply
D. Папа Роуч: maybe, but some projects not afraid to do this
Mary Satoshi Club: Thank you for your answers! Are you ready for the 6th and last question from this part?🙂
Mafeo: Yes of course, let’s hear the next question
BKING: Yeah, oh waw the time passes so fast when you are in good company
Bogdanon (Will never DM you First): Well, some projects prefer to launch token after token and abandon their old project’ holders. I don’t think that’s cool
Q6 from Telegram user @Jonahapagu
On your roadmap during the second phase of your project, you intend to start building Bking official game which is said to be the most exciting defi game.. what kind of game will this be, what will be the features of the Bking official game, and how will users be able to access and play the Bking official game when it is launched.
Mafeo: I love this space Here, hopefully Satoshi will invite us here again, soon
Mary Satoshi Club: Sure, we always happy to see you here 👍
Bogdanon (Will never DM you First): The community came with a great idea to create a game which will have the main character King Arthur the Bear.
It’s about a 2D Platform adventure game where King Arthur must avoid Evil Hunters and get home to safety.
Mary Satoshi Club: Did you already start it’s development?🙂
Bogdanon (Will never DM you First): It is developed by the members of the community.
Mafeo: it will actually be an exciting game
Mary Satoshi Club: I don’t have any doubts in your community skills! Sure it will be a great game!
I like it👏
Mafeo: with a chain of levels on different maps (worlds) it will be exciting. For the 80’s 90’s kids out there, I think this will be quite awesome
D. Папа Роуч: minecraft vibes
Mafeo: but not only, new generation will get the chance to get into that world a bit
Mary Satoshi Club: My son would like it!
Mafeo: As a gaming geek myself and I think I can speak for the other guys, crypto and blockchain was the missing puzzle piece in the gaming world.
D. Папа Роуч: completely agree
Bogdanon (Will never DM you First): I always wanted to create games, but I ended up coding smart contracts 😂
I can’t wait to play it, we’re as curious as everyone else.
D. Папа Роуч: btw to build a good game you often need a good game developers or people who work in game industry, can we expect from you collaborations with any game projects? 😊
D. Папа Роуч: crypto or not
Mafeo: THIS IS A PUBLIC INVITATION FOR GREAT GAME DEVELOPERS
I can already see King arthur The Bear in the style of Crash Bandicoot and Sonic, a love child from these two
BKING: The future is all out there.
Part 2 — live questions from the Telegram community
Q1 from Telegram User @AugusS7
In the same way that you will be “planting trees and volunteering for cleanups to preserve the planet”, many other projects have promised the same, but in reality they have not finished planting a single tree since their launch, it will be that King Arthur if he could at least plant the first tree? If so, what date are you planning to do it and how will we know who you really are?
Mafeo: Time Will tell of course, we are here to do what we have promised and we are confident about it, because we know the plans that we have and also we are organising them already. So please join and we would like to show you that we are different from all the others before
Q2 from Telegram User @JoanaZ
I am very interested about your way of do the things, can you explain us why did you decide don’t have a Presale or a private sale? What make you took that decision without be affected?
BKING: That would hurt our project ! fairness above all . We all bought this token, every single one of us even DevTeam. No confidence in the behind doors token allocations, Also you get to have serious issues with the Audit Regulatory
Q3 from Telegram User @highpee
It is fantastic that you have LOCK some $BKING and 10 ETH to provide guarantee LIQUIDITY for the next 1 year. But am of the opinion that you should have lock it for longer duration. Will you RELOCK liquidity after the one year countdown is gone?
Mafeo: It’s a great questions and is something that I will write down and talk about it, something that I like the idea of and we will most likely do this
Q4 from Telegram User @Pratze
King Arthur DeFi have create a token name with $BKING, but i want to ask about $BKING token function. What are the use of King Arthur token? Why people should have your token?
BKING: We plan to integrate a Wristband similar to all those sport devices where you can get BKING tokens for doing Sport activities, challenges, loose weight, I know that`s possible ,so yeah hell of a usecase. I`m not saying this will be developed next month or next year, but the future is limitless. Talking about milion dollars project right here, lets see what the future holds ! keep close Bear fans
Q5 from Telegram User @Rosane1a88
🔔The passive income program of King Arthur is an Automated Rewards Farming – 2% of each transaction is automatically distributed to all holders. According to this, the sustainability of the trading volume of KING will be determinant in the average of earnings users will receive. What will be the distribution of that 2%, how is the proportion depending on the amount held by the user? What strategies are used to ensure that the 2% is a significant amount?
Bogdanon (Will never DM you First): We run a lot of simulations before decided to keep it at 2%.
On one side, it should be rewarding enough to hodl BKING in your wallet and earn passive earning.
On the other side, it shouldn’t be expensive to make a two way trade: buy & sell, which is now at 4%.
With the long term plan in mind, 2% was optimal.
Q6 from Telegram User @ashwini_Crypto
Why did you decided to not have pre-sale? Not even for the developers? How much does team have?
Mafeo: I have seen the question pop out many times. No because a pre-sale it’s not DEFI, it would be actually very centralised. it would mean that a limited group of people had the chance to buy before the majority and from the point of view of DEFI that is not fair launch. I myself would buy as much as I want and when we launch you will not have a good opportunity. when we launched the address became public and everyone had to buy the same way, via UNISWAP. SO many great questions I am reading thorugh them and in all honesty I would love to answer all them. Some of the questions like WHY THE BEAR, and The significance, guys as our time is limited visit our website please www.kindarthurdefi.com where you will see all the info. But to say it in quick words, King Arthur The Bear was the King of All Bears in Europe and he was based in ROmania, unlawfully killed a few months ago and this was our way to bring him back to life. Yes you can play that too, this will be the one BEAR that will thrive in the BearMarket, but the bearmarket is not around the corner yet.
Q7 from Telegram User @xperia3
Why did you choose Bear for your project? Many projects prefer to use Bull since it represent the market increase. How do you think Bear will effect King Arthur project? How will your audience experience this?
BKING: i saw this question repetead like 10 times.
Well, for the entire audiance i invite you to google it Arthur the bear, since we cannot share links here or join our telegram to group for more answers, and you will find out the whole story behind Arthur project. Bear market do you mean ? No bear can match the bear Arthur
Q8 from Telegram User @Jodasf
What moves King Arthur, what are their most desired objectives, their value contribution not only to the crypto world, but also in the real world, what solutions do they hope to solve for those users who give them the opportunity, how do they demonstrate that they are a real project and that they are not a scam project, that is only looking to attract a few investors and then disappear, what characteristics guarantee us that they will not pull the rug out from under us?
Mafeo: FIrst, a rug pull would not be around for so long and this questions I will answer for everyone that has asked this. We have a rugpull proof certificate. The percentage of tokens is distributed fairly if you have a look and it has been quite an effort until now to get here. Our motive is higher than us and only time will tell of course. What I can say is that if you do not want to buy now at least stick around and see us working. But we already had groups of clean ups, we are still at the beginning at the community is small, that’s why we are here. To share this beautiful project with the world and I’m sure out of this big planet there will be people interested in the activites and ideas that the BKING DEFI project and platform shares. Also as we said, these activites is what fuels the value of our project which will all be backed by a technological piece of useace, this is how we will put in use everything mentioned during the AMA
Q9 from Telegram User @Ashia_24
How will you reach those in need? Do you intend to eradicate the existing poverty in the world? In what way will you do it? Do you believe that King Arthur’s reign will be the hope of hopeless country?
BKING: Good question. The main purpose of this token and this project, is for people aiding people as someone mentioned : will you be helping only wildlife? NO, will you donate to humanitarian causes ? YES . We want to be the DeFi Band aid . Yes we will donate to African countries we will help them build fountains dwell. We already have people doing that, not funded by us for now but we have the meaning to reach those people in need. I guess we will have like a routine in finding different problems across the globe ofc with the help of our community , matching people in need with the donations
Q10 from Telegram User @ysasoma
King Arthur, according to its website, has as its mission not only to bring cryptocurrency concepts to the mainstream, but also to unite people from all over the world for the most noble of causes: helping to preserve the planet! something that I think is great, but, it is very well known by users, that many times, projects use these donations to divert funds, so, as King Arthur, shows that this is not your case, that you are really transparent with the donations you make. Could you tell us about the process you take to give these donations, what role do your users play and of course, where we can see the donations made?
Mafeo: THe Donnations wallet is public and the users of course play a crucial role, because they make an investment and with the common effort we are able to achieve our missions. One of the things which are key, together with the rise in value of the project and coin, is to make BKING more accesible, this meaning listings on CEX, mainstream ones, which have different costs, some higher than the other so we will rely on the community and the power of BKING to achieve the heights this projects deserves to reach
Part 3 – Quiz Results
In the final part we tested your knowledge in terms of King Arthur. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
For more information and
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