Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from Polkazeck. The AMA took place on April 9th, 2021 and our guest was @Louiszeck.
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
Gold Rocket | Satoshi Club: Hello, dear community!
We conclude our today’s AMA marathon series with Polkazeck. 😊 Today our guest is @Louiszeck!
Andrés M. | Satoshi Club: @Louiszeck we are glad to have you here, welcome
Louis Polkazeck: Thank You for having me
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @Louiszeck!
Gold Rocket | Satoshi Club: Let’s start !
Introduce yourself please. How did you get to be involved in crypto & Polkazeck?
Louis Polkazeck: I’m Louis Richard, a blockchain enthusiast that has been in the space since 2017 having invested in numerous ICOs and IEOs. I’m also the co-founder of Polkazeck project
Gold Rocket | Satoshi Club: What is the essence of your project? Great experience👍
Louis Polkazeck: The essence of our project is to change the scope of rugs in the space….I mean we’ve seen how numerous projects have exited scams after raising good amounts of funds so we intend to let people know that there can be a change in that regards. Team is anonymous and it doesn’t deter us from delivering massively with the little funding we got initially. Our works speaks for us
Andrés M. | Satoshi Club: Completely agree
Gold Rocket | Satoshi Club: ☺️Thanks for your intro! Ready to proceed to the questions from community?
Louis Polkazeck: Yes 👍
Q1 from Telegram User @cryptofollower
As I see on your roadmap at 2021 Q2 you will be integrating Binance Smart Chain into Polkazeck. And after that on 2021 Q3, polkadot migration and integration. As polkadot allows developers to seamlessly integrate all blockchains into their project while connecting all blockchains together with parachains, wouldn’t it be better idea to first move to polkadot and integrate the other blockchains like BSC to the project afterwards? Why are you making hurry for BSC integration as it will be easier to integrate it if you adopt polkadot first?
Louis Polkazeck: It’s not an easy process to become a polkadot project as there are numerous things to be done to become a parachain…..The gas fees is quite crazy especially when it has to do with our contract that contains tax and deflation mechanism so we thought it would be best to bridge between both chains to make trade easy. The main idea of the BSC bridge is to make trading quite easy, so far so good we’ve really done very well
Gold Rocket | Satoshi Club: It makes sense of course👍. thank you very much for your reply! want to add something? or ready for the next question?
Andrés M. | Satoshi Club: Great idea, it will be easy to deal with fees
Louis Polkazeck: I’m ready
Q2 from Telegram User @yellowchamp
As an open-source design of ecosystem means that members of the community or users can take over the platform if the early developers are no longer available to perform their duties. So,can you explain more about this statement in your medium article? So,if the early developers are no longer available to perform their dutirs,can anyone in the community or users will be able to replace them? If ever it will happen,the idea is cool but how possible for users or Community members to be part of the back team or developers for Polkazeck? Do you have any criteria for consideration? If this would happen that developers can no longer perform their duty,why not hire new one capable? Thank you
Louis Polkazeck: It’s very possible because we want a system that works for all. Project owners are fond of leaving the project at will after they must have gotten what they need and make those that invested their hard earned funds languish in pains and agony. We are working on our DAO system and we want a situation where it will be completely decentralized once launched thereby giving the community the opportunity to run the project if the project owners decides to venture into something else instead of abandoning the project and leaving everyone sad, so the DAO will cover up for this if such situation ever arises
Andrés M. | Satoshi Club: Thanks for the clear answer, do you want to add something before the next question?
Gold Rocket | Satoshi Club: Clear position! thanks for the answer!
Louis Polkazeck: I’m done with the answer
Q3 from Telegram User @dudeiebitch
I heard about your pre-sales that took place on the SAFU platform which you sold out, congratulation on that. I will like to know your hard cap and soft cap with the time it took you to sell it out before reaching the hard cap or soft cap.
Louis Polkazeck: Before the presale on SAFU, we held a mini private sale where we raised 35 Eth so we had to raise 165 ETH on SAFU for presale and if I can remember vividly well, it took us less than 20 mins to hit the hardcap on SAFU even when previous campaigns on SAFU failed on the platform
Gold Rocket | Satoshi Club: Not a bad result👍
Louis Polkazeck: So we can say we actually brought back interest to the platform
Q4 from Telegram User @PrashantMahajan018
Airdrop is featured as one of the features of this project, although it’s known that sometimes Airdrop could lead to big dumps and that is being often questioned by longterm/loyal investors/hodlers. How does the team plan to tackle this situation? Is there a fixed amount of Airdrop of tokens planned?
Louis Polkazeck: The airdrop planned for this project is not the normal type of airdrop you see other projects do, our airdrop is specifically for holders of ZCK. Again there will be different types of airdrops as that’s the way the project has been designed as it’s going to be a very big ecosystem. Our first airdrop will be the OVEX tokens to ZCK holders which will signify the launch of our AMM DEX called Omniverse
Louis Polkazeck: Again we are looking at the best way to prevent the dump as suggested and more information will be released prior to release
Andrés M. | Satoshi Club: How can we join? How many ZCK tokens are needed?
Louis Polkazeck: It will be based on proportions, the more ZCK you hold, the more OVEX tokens you’ll get…..The ratio is 2 OVEX : 1 ZCK
Andrés M. | Satoshi Club: Great opportunity for our users to earn tokens, thank you so much. Ready for the next question?
Louis Polkazeck: Yes
Q5 from Telegram User @Highpee
Polkazeck rewarding system for investors allow them to earn up to 20% of presale funds raised by Polkazeck during presale. Is this reward going to be for early, medium or long-term investors? How will it be distributed and what will be the requirements? And in addition, you are also going to offer cashback rewards to Polkazeck users. What product will you be providing for users to purchase and earn cashback whenever they make purchase?
Louis Polkazeck: The 20% from presale is already in use for those staking ZCK. You stake ZCK to receive rewards in WETH,USDT and WBTC. It also doesn’t matter if you’re an early investor or not as it’s for all
Louis Polkazeck: As regards the cashback, it’s still one of those options we will be looking at towards Q3 and Q4 of this year. For now we’ve not decided the best way to go about it but be rest assured our investors will love what we will come up with
Gold Rocket | Satoshi Club: Thank you very much for the clarification! I’m sure your investors will be very happy.😉👍
Ready to proceed to last question of this part?
Louis Polkazeck: Sure
Q6 from Telegram User @johana0012
Polkazeck is the world’s first decentralized cross-staking with a guaranteed payback platform and stable governance powered by Polkadot. Once users have a certain amount of ZCK, they can receive a certain amount of ZCK tokens in cash back. Can you explain how you can be eligible to earn the rebate? Are earnings based on frequency? Is your system well built to meet these needs?
Andrés M. | Satoshi Club: Partially covered
Louis Polkazeck: Like I said we had this in mind initially when we made our litepaper and it is subject to change as we intend to modify it
Andrés M. | Satoshi Club: We will be expecting for news about it, could you give us some links to your communities to join?
Louis Polkazeck:
🖥 Website: https://polkazeck.io
📂 Whitepaper: https://polkazeck.io/PolkazeckWhitepaperV-2.0.pdf
📩 Audit Report: https://solidity.finance/audits/Polkazeck/
🗳 Telegram: https://t.me/polkazeck
🐦 Twitter: https://twitter.com/polkazeck
📗 Medium: polkazeck.medium.com
⚒ Github: https://github.com/polkazeckhub/polkazeck_erc20_contract
📍Telegram Channel: @polkazeck_announcements
Part 2 — live questions from the Telegram community
Q1 from Telegram User @cryptofollower
Some of the projects are launching another token or even another project for moving to binance smart chain. After you adopt BSC, what will be the future of ethereum blockhain on Polkazeck ecosystem? Do you think the erc20 blockchain usage will drop?
Louis Polkazeck: We don’t think Erc 20 usage will drop because 99% of crypto users still use eth blockchain network in one way or the other irrespective of the current high gas fees
Q2 from Telegram User @Pratze
I hear that Polkazeck is creating unique way and flexible to payout reward from staking, can you describe how is the way ? Are there any punishment if we unstake it ?
Louis Polkazeck: Yes our staking method is quite unique as we decided to reward stakers in other coins such as WETH,USDT AND WBTC so it doesn’t have impact in our price once stakers are paid in ZCK. You are free to unstake at anytime without penalty
Q3 from Telegram User @Airborne19
Can you tell me more about your FUTURE AIRDROPS…who will be eligible to got ZCK token through it?
Louis Polkazeck: Our first airdrop is for those holding ZCK and they will be eligible to receive OVEX at the ratio 2:1 while the subsequent airdrop will be NFT for both ZCK AND OVEX holders
Q4 from Telegram User @smelekin
There is a fee of 3% for every transaction of ZCK so where will you distribute these tokens?
Louis Polkazeck: The 3% fees are automatically redistributed to ZCK holders once any transaction occurs on the smart contract
Q5 from Telegram User @Korryl
Polkazeck have 2 native token $ZCK and $OVEX token, please give the reason why your project need 2 token , where is the place to buy the token ?
Louis Polkazeck: We have just one token which is ZCK, ZCK is the overall token for our ecosystem while OVEX is the token that powers the omniverse dex, you earn OVEX by holding ZCK but we are looking at other ways for liquidity provision prior to launch which is very close
Q6 from Telegram User @atillayeni
What is your tokenburn strategy? How much tokens will you burn for each transaction?
Louis Polkazeck: Already there’s a 2% deflation in every transaction and we intend to permanently burn a fraction of ZCK marketing tokens upon every release
Q7 from Telegram User @Pirry05Universe
PLEASE SHARE THE POLKAZECK ROADMAP. WHAT IS THE CURRENT STATE OF THE PROJECT DEVELOPMENT AND THE PLANS AHEAD?
Louis Polkazeck:
Here is our roadmap, I can confidently say we are about 85% close to omniverse Dex completion.
Q8 from Telegram User @azrayeni
Why did you choose solidity finance for auditing your smart contract? Are they good with auditing?
Louis Polkazeck: At the time they were very good and still very good…..They did an excellent job for our team and as you can see you can hardly see a complicated contract like our without issues but then the audit results were top notch. We are in discussion with another top audit firm to audit our ovex smart contract
Q9 from Telegram User @testercoin
Polkazeck aims for complete decentralization but one of your aims is building a bridge to BSC. As BSC belongs to Binance won’t this break the decentralization?
Louis Polkazeck: I don’t see the issues here…..Eth network belongs to vitalik and it doesn’t affect decentralization…..no one controls the BSC smart contract not even CZ himself…..BSC isn’t Binance exchange
Q10 from Telegram User @kimzyemma
The airdrop will be specially for ZCK holders. How do you want people to be an holder of the coin (ZCK) before the airdrop?. Are they going to mine the token before then? Or there is another way on ground for this?.
Louis Polkazeck: ZCK is already tradable on uniswap and Bitmart exchange
Part 3 – Quiz Results
In the final part we tested your knowledge in terms of Polkazeck. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
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