Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from BaconDao and our guest were @JoelDave97, @lyons800 and @virtualbacon. The AMA took place on the 10th of August.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We are pleased to announce AMA with BaconDao. Today our guests are @JoelDave97 @lyons800 @virtualbacon.
Joel Davies | BaconDAO: Hey guys! glad to be here 🙂
Oisín | BaconDAO: A pleasure to be here!
Andrés M. | Satoshi Club: Welcome to our group @JoelDave97,@lyons800, @virtualbacon!
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club! We are very glad to be conducting AMA with BaconDao! 😁 How are you doing today guys? 😊
Joel Davies | BaconDAO: Very good thank you! Busy as always 🙂
Oisín | BaconDAO: Great, just busy finalising some things for our Launch🙂
Gold Rocket | Satoshi Club: Yes our century makes us hurry 😁
Oisín | BaconDAO: This is very true, we’re delighted to be here.
Andrés M. | Satoshi Club: We know, thanks for taking your time to share with us today 😁
Gold Rocket | Satoshi Club: Thanks for joining guys!
Joel Davies | BaconDAO: No worries! glad you guys could have us here 🙂
Gold Rocket | Satoshi Club: Let’s start!
Introduce yourself please. How did you get to be involved in crypto & BaconDao? Tell us please about your position in BaconDao?
Andrés M. | Satoshi Club: Let’s begin with the AMA, please give us an introduction about you!
Oisín | BaconDAO: Sure! My first name is Oisin and I am the Operations & Community Lead for the BaconDAO.
Gold Rocket | Satoshi Club: Nice to meet you 🤗
Oisín | BaconDAO: I’ll do a quick intro for the whole team and let Joel do his own.
Joel Davies | BaconDAO: Sounds good @lyons800! So I got involved in crypto about 2 years ago and have been full invested ever since. I come from a marketing background so very happy to be doing all things marketing for BaconDAO 🙂
Gold Rocket | Satoshi Club: Great experience👍
Oisín | BaconDAO: To add some context on myself: I am primarily involved in business strategy, development and other back-end operations such as community etc. I have a lot of DAO experience and love working with the rest of the team to build the BaconDAO into the ultimate Content DAO.
So Dennis is of Course founder and face of BaconDAO – He’s an extremely well known influencer in the space and is also the lead developer for BaconDAO.
Then we have Josue who is our lead designer and media creator: he works on all the awesome designs we have ! And heavily involved in content creation too.
Next is Weatherboyy or Duncan: He is our Events and Community Lead: In charge of the smooth running of events etc. and also the front end community management.
Finally we have Wwoonka or Tezi: He is our lead technical analyst and the most active person currently in our discord!
Andrés M. | Satoshi Club: Amazing team behind a great project.
Gold Rocket | Satoshi Club: Are these all core team members? Is your team anonymous or public?
Oisín | BaconDAO: These are all core team members – our team is fully public and so are all of our socials.
Gold Rocket | Satoshi Club: It’s really works for your positive reputation.
Joel Davies | BaconDAO: Yes, so our team is fully public and can be found on our website. (https://bacondao.com/)
Gold Rocket | Satoshi Club: Thanks for sharing!
Andrés M. | Satoshi Club: So, what is the essence of BaconDAO and which products do you offer?
Oisín | BaconDAO: BaconDAO has a goal to become the go-to educational and research DAO. We offer a range of resources for members.
Of course to begin with, we have our fantastic community who consist of over 25k members, our contributors and moderators.
Ultimately as a DAO: Our community is extremely important; however, we have currently about 20 paid contributors in charge of producing top content in the space for research and educational purposes through different “channels” in discord.
Gold Rocket | Satoshi Club: Community is the lifeblood of the project, its engine. Doing it right, you can easily achieve success😊
Oisín | BaconDAO: I completely agree. We have a range of channels covering all sorts of topics (by our contributors) for our community to engage with and we have some fantastic contributions from the community.
All in all, without our community BaconDAO wouldn’t be where it’s at today!
Andrés M. | Satoshi Club: A big community, I’m excited to know more about your project!
Gold Rocket | Satoshi Club: Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?
Oisín | BaconDAO: For sure, I will try to answer the question above in some more context as we go on 🙂
Andrés M. | Satoshi Club: Let’s begin!
Q1 from Telegram User @albertjaison:
Currently NFT is developing and becoming a new innovation in the Blockchain world. However, many Artists / Creators still don’t understand how to create NFT. How does BACON solve this problem? Do you have plans to educate about NFT to Artists outside of Non-Crypto?
Oisín | BaconDAO: Great question:
NFTs are of course extremely established already in the crypto space and are becoming more and more popular with new artists looking to expand into the blockchain space. At BaconDAO we have the ultimate resource for budding artists and that is our NFT chat and NFT educational program.
We currently employ and NFT contributor that is dedicated to answering nearly all questions that our users have in the NFT space. This is super useful for artists and we’ve already had loads of artists ask questions on different aspects of NFTs through this means.
Next, we have the NFT educational program that we will be releasing soon : This is designed to teach beginners in the crypto space(be it a small artist or just someone wanting to learn) all about NFTs, what they are, how to utilize them effectively, and much more!
We also have the BaconDAO NFT Launchpad that is in our roadmap. This aims to help bring artists and their collections to the market from start to finish.
Gold Rocket | Satoshi Club: Full construction 😁
Andrés M. | Satoshi Club: Great idea to increase the adoption 👏
The educational program will be free for everyone?
Joel Davies | BaconDAO: So, it is gated buy our NFT membership tiers. These NFTs can be farmed by staking $BACON on our website. The way we see it is that if members are unhappy with our products, they can simply unstake and get their money back.
Oisín | BaconDAO: https://hub.bacondao.com/t/bacondao-nft-tickets-and-membership-tiers/102
Gold Rocket | Satoshi Club: Thanks for your answers.
Andrés M. | Satoshi Club: It sounds perfect! Thanks for sharing it. Ready to proceed with the next question?🥳
Joel Davies | BaconDAO: Ready!
Oisín | BaconDAO: For sure!
Q2 from Telegram User @victorogb:
Out of a total supply of 200 million $BACON tokens, BaconDao has reserved a total of 2 million tokens to be airdropped to the initial team of contributors and long-term members, 26 million to be distributed in private sales and 4 million will be distributed in public sales. Since tokens are already allocated for sales, especially public sales, why has BaconDao also opted for the choice of airdrops, and what is the duration of this airdrop event, and with an allocation of only 4% of total supply to public sale, would such limited figures be sufficient enough for this event and how will BaconDao look to compensate early investors?
Oisín | BaconDAO: Early investors in the $BACON token are given the opportunity to invest at seed, and private sale prices in the project. This incentivizes their early commitment with vesting periods to ensure their long term commitment in the brand.
Airdrops are used to reward our long term members: For core team/contributors etc. The model is designed to both reward and ensure their continues to be a long term commitment through vested interest.
For community members – we airdropped tokens to those that had reached a certain level in our discord to show our appreciation for their participation and commitment.
The allocation of 4% to our public sale is a model we’ve decided was sufficient alongside help from our advisors, there is more available in liquidity afterwards.
Gold Rocket | Satoshi Club: Sounds fair enough.
Andrés M. | Satoshi Club: Discord is the unique way to join the airdrops?
Oisín | BaconDAO: Yes but the airdrop period is over now.
Joel Davies | BaconDAO: The airdrop period was for the members of the discord who were there from the start. We wanted to reward those community members for helping us build BaconDAO.
Andrés M. | Satoshi Club: Thanks for clarify it 😃 Btw, talking about long term holders, which other benefits do you offer for them?
Oisín | BaconDAO: Long term holders of BACON can benefit through staking their BACON in our farm dashboard. They can earn rewards from these farms and by staking a certain amount they can achieve the higher membership tiers.
Andrés M. | Satoshi Club: Well done, community is the pillar of the projects.
Gold Rocket | Satoshi Club: Could you tell us more about your tokenomics?
Oisín | BaconDAO: What exactly would you like to know?
Joel Davies | BaconDAO: So for more details on our tokenomics you can see that here: https://drive.google.com/file/d/1DcfXeXFk38WWkcnkNO9S_XW-phjAswba/view
Gold Rocket | Satoshi Club: Thanks for sharing! This is exactly what I wanted to clarify 😁
Oisín | BaconDAO: Ah I understand, I can answer any other questions you have on these in more depth.
These membership tiers are designed to rewards long term holders by providing things like extra gem analysis and access to more alpha content, membership services and even a BaconDAO investment fund through enzyme.fi or a similar one.
Gold Rocket | Satoshi Club: I think this is a unique system 👍
Oisín | BaconDAO: Yes it’s the first of its kind! Long term members can earn rewards while also achieving some top level services from our team of contributors!! Something we’re quite proud of 🙂
Andrés M. | Satoshi Club: Thank for the clear answers, I think the question has been covered correctly.
Gold Rocket | Satoshi Club: Thanks for your answers guys 😊
Andrés M. | Satoshi Club: Let’s proceed with the next one, or do you want to add something else?
Oisín | BaconDAO: I think we covered everything 🙂
Joel Davies | BaconDAO: Yes, I’d just like to add that the initial airdrop is not the only rewards we will be giving out to the community. We also have a $BACON earn system where members can earn Bacon for providing value to the community. More details about this system can be found here: https://hub.bacondao.com/t/earn-bacon-with-bacondao
Andrés M. | Satoshi Club: Great info, more opportunities for our community to join 😁
Joel Davies | BaconDAO: Exactly! 🙂
Oisín | BaconDAO: I would love to add some more context on this in further questions.
Gold Rocket | Satoshi Club: Feel free 😉
Andrés M. | Satoshi Club: Thank you so much, let’s proceed!
Q3 from Telegram User @yellowchamp:
One of the Token benefits of $BACON token is MENTORSHIP SERVICE in which $BACON is the native currency within BaconDAO to pay for mentorships and 1-on-1 access to VirtualBacon and contributors. So, can you explain more about the Mentorship Service that your platform is offering to $BACON holders? What are the inclusion of this Mentorship services that BaconDao offer? How does this mentorship services works? Is there any minimum amount to hold to avail this mentorship services? How $BACON holders can access to VirtualBacon? Can you explain what are the services offered with this VirtualBacon? How does this VirtualBacon being executed in your platform? Thank you.
Oisín | BaconDAO: Yes so as we pointed out above, we have three tiers Purple, Gold and Platinum.
We are always trying to provide these tiers with as much value as we can and one of these ways is through the mentorship service you pointed out.
This service will give members holding the platinum status access to not just virtual bacon, but also all of our paid contributors!
The platinum tier is available to those who stake and farm $3000 worth of Bacon.
This is amazing value as the user can stake this and earn rewards, then unstake at any stage!
Ultimately, there is actually no direct cost associated with accessing these tiers, only the requirement to stake and hold our token – unlike many other services at this level.
Joel Davies | BaconDAO: Yes and as we have contributors who are experts in all aspects of crypto, members can learn from the best in any niche! Wether that be NFT, BSC, Polygon or if they simply want a 1 on 1 session learning TA.
Andrés M. | Satoshi Club: Completely agree, that’s amazing. So, please tell us how is the process to buy $BACON tokens?
Oisín | BaconDAO: Currently the process to obtain BACON tokens can be done in a few ways.
We obviously plan to launch very soon so users can get bacon token through achieving the whitelist status for the launchpad we will be launching on.
After that, users have the ability to purchase through Uniswap, PancakeSwap and a centralised exchnage yet to be announced. We will have liquidity on each!
This leads me back to the membership rewards that I wanted to follow up on above!
Andrés M. | Satoshi Club: Thanks for the information, would you like to add something before the next question?
Gold Rocket | Satoshi Club: Thanks for great answers 😌
Joel Davies | BaconDAO: Yes, @lyons800 wants to add something quickly 🙂
Gold Rocket | Satoshi Club: Take your time!
Joel Davies | BaconDAO: Thank you!
Gold Rocket | Satoshi Club: This is your stage today! You are our super stars 😁😍
Joel Davies | BaconDAO: We really appreciate it!
Oisín | BaconDAO: We run a unique member rewards program in BaconDAO that gives members the opportunity to Earn $BACON token rewards!
Theres a few different ways of getting these rewards:
Research: Users can produce research and if it meets criteria, the researcher will be tipped for their efforts! This can be a large research paper on something blockchain or crypto related or just some smaller Gem research. We have a structure to tip our members accordingly.
Education and contributions: We also have a tipping budget for general contributions and educational contributions made by our members to incentivise the creation of educational content and courses as well as good quality community engagement!
Gold Rocket | Satoshi Club: Great opportunity👏
Andrés M. | Satoshi Club: Let’s join Satoshiclubbers, a great opportunity to earn tokens!
Oisín | BaconDAO: For sure , any substantial quality contributions are always recognised!
Joel Davies | BaconDAO: To join, our main community is in discord. Join that here: discord.gg/bacon
Andrés M. | Satoshi Club: Thanks, time to go with the 4th question.
Q4 from Telegram User @JesusFre1tes:
BaconDAO connects blockchain startups with smart money and helps cultivate a passionate and knowledgeable community through education. This has definitely caught my attention, as even though decentralized finance is gaining more adoption every day, we have yet to make an impact on a global level. So, could you tell us more about how this education model that BaconDAO offers works to conquer more and more users passionate or not to DeFi projects? What impact have your protocols had on the different projects you have incubated so far?
Joel Davies | BaconDAO: Love it! ❤️ @lyons800 will answer this next question 🙂
Andrés M. | Satoshi Club: Sure, take your time 💪
Oisín | BaconDAO: I agree, this is a topic that is defintely needs to be hightlighted!
The educational and research model of BaconDAO aims to utilize our community and teams of dedicated researchers to create this knowledge base and research surrounding all kinds of blockchain and defi ideas. Our goal is to use our community and DAO to take this to the next level in a way that a traditional organisation cannot.
From a community perspective, our members that will help with research like this are often not only extremely knowledgeable in the area but more importantly, very interested in creating solutions to these modern day problems we face using blockchain technology.
We haven’t currently incubated projects yet – this is something that is planned in our roadmap.
We actually are using mirror.xyz to enhance our research model and do so in the most decentralised way possible allowing these projects to fund research through mirror.
Gold Rocket | Satoshi Club: What conditions do projects need to fulfill?
Oisín | BaconDAO: For incubation or research?
Andrés M. | Satoshi Club: Both 😃
Oisín | BaconDAO: For incubation:
We currently have planned to incubate projects specifically related to NFTs only through our NFT launchpad in the future – this is further along in our roadmap and criteria has not yet been fully defined as we are currently trying to focus our efforts on building out our education and research.
However, as we are a DAO, projects that approach us for incubation will have to go through extensive research from our DAO team followed by the ultimate decision being made by our DAO members through a voting process.
For Research:
Projects that are interested in BaconDAO for research purposes can approach us in a number of ways. The most efficient way being through a DAO Research Proposal through our Discourse. This research proposal again will go through our DAO members approval and must pass a voting process.
This project can then either fund the research through mirror which allows us to split the funding between our researchers and the DAO treasury!
Andrés M. | Satoshi Club: Got it, great details about an important topic 👏
Gold Rocket | Satoshi Club: By the way, guys, I’m pleasantly surprised by the amount and quality of information in your medium. It’s very orderly.
Oisín | BaconDAO: Thank you very much, let me also link our discourse where we are trying to produce most of our content now as the community can be more involved and it’s more decentralized !
Gold Rocket | Satoshi Club: Of course!
Check out our links below to learn more:
- Discord (https://discord.gg/bacon)
- Medium (https://medium.com/virtualbacon-dao)
- Twitter (https://twitter.com/BaconDAO_)
- Youtube(https://www.youtube.com/channel/UCVU0uNfJbHkodOvUmYNsEJQ)
Andrés M. | Satoshi Club: Btw, the 5th question is ready to be posted when you want 😁
Oisín | BaconDAO: Ready when you are!
Q5 from Telegram User @Olu_Makanaky:
In the process of participating in a Launchpad, it was stated that user should Lock an amount of Bacon Tokens in the Bacon Stake as liquidity pool staking (Bacon/ETH), follow by creating an account on the Launchpad of Bacon con and Connect a desirable wallet. How can we connect to the Bacon page using the address of the wallet that is used in the Stake? Presently, what is the minimum amount of bacon tokens we can lock, and the ratio of bacon to ETH? And concerning the BaconDAO Educational Curriculum which its Course includes: Crypto basics, TA, How to use exchange and DEX, types of coins, BSC vs ETH, What are NFTs, etc. Apart from bacon holders, can newbie also access this content? If yes, what are the steps to take and the amount of fee to be paid?
Oisín | BaconDAO: Launchpad Access: This can be done through the smart contracts we utilize for our BaconDAO farm – staking x amount can grant the ability to redeem an NFT required for access, however this process has not yet been fully defined as it for future development in our roadmap.
Concerning the Educational Curriculum: newbies can also access the content without staking bacon tokens.
This is done through a monthly membership process which requires users to pay around $40 per month to obtain the purple membership status.
This will all be native in our dashboard and done through crypto payment – eg. pay using an oracle or to a wallet address (Yet to be confirmed) and then the user will be granted the membership NFT which gates the content.
The NFT tiers we utilize in BaconDAO gate all of our content, whether it be discourse (through roles granted through apis), discord (through a bot that checks your wallet and grants access to channels) or our app.
Gold Rocket | Satoshi Club: Interesting concept 👍
Andrés M. | Satoshi Club: What is the APY for staking concept?
Oisín | BaconDAO: Yet to be determined but likely to be between 100-200% APY.
The concept involves a tradional yield farm concept, but implementing our (first of their kind) smart contracts that grant users the respective NFT based on their staking amount (Purple, Gold or Platinum).
Andrés M. | Satoshi Club: A big percentage, another great reason to invest🥳💪
Oisín | BaconDAO: Our discourse link: https://hub.bacondao.com/
Andrés M. | Satoshi Club: Thanks for share it, ready to proceed with the last question of this stage of the AMA?
Oisín | BaconDAO: Sure thing!
Q6 from Telegram User @Highpee:
BaconDAO will have a public research crowdfunding domain known as Mirror. You said Mirror will allow you to crowdfund, publish and split revenue from public research content. Can you explain how researchers can apply for crowdfunding or grants and how the BaconDAO uses mirror.xyz to validate proposals and get the community involved in the crowdfunding of such public research? Is accepted research limited to crypto-related subjects only or do you consider any topical issues as long as it can add values to human endeavours? How are the research results tokenised as NFTs after publication? And when findings from the research are sold as NFT, how are the revenues shared between research team and BaconDAO?
Gold Rocket | Satoshi Club: Was partially disclosed. Nevertheless, I think you have something to add 😊
Oisín | BaconDAO: So, for the application process for public research – this is done through a DAO public research proposal through our discourse which is then voted on by our members.
The validation is done through x amount of members upvoting the proposal idea.
The next stage is the research crowdfund – this is usually done in two ways
- Project Proposal: If the research is proposed by a project, it would be common that the project funds a portion of that research – the rest by the community or BaconDAO.
- Community member proposal: If this is passed, then the DAO will likely find the research aswell as the community .
Accepted research is related to projects within our knowledge scope – which are specifically blockchain or crypto currency related.
The way mirror works is by issuing an ERC-20 token weighted according to each respective contribution to the crowdfund. Eg: I contribute 10% of the funds required and I get allocated 10% of the ERC-20 issuance.
The research is tokenised and stored on the arwee blockchain.
Everytime this research is tipped or referenced – the tip is distributed amongst members that hold the ERC-20 ownership token in their wallets.
We are entering this weeks write-race with aims of getting our first publication – members who vote will share a $5000 prize pool of $BACON, so if anyone has votes they would be appreciated (and rewarded) 🙂
Gold Rocket | Satoshi Club: This is a very good prize pool 👍
Oisín | BaconDAO: We love to reward our members and contributors.
Joel Davies | BaconDAO: See our mirror.xyz announcement here to vote for us: https://hub.bacondao.com/t/bacondao-is-entering-the-mirror-write-race-support-us-to-win-bacon-tokens
Gold Rocket | Satoshi Club: Pay attention Satoshi Club 🚀
Andrés M. | Satoshi Club: And that’s makes 6/6 questions answered guys, thank you so much for your time, we know you’re busy with the project so we are honored to have you here.
Now is time to proceed with the live segment of the AMA 😁
Joel Davies | BaconDAO: And thank you! Looking forward to the live segment 🙂
Gold Rocket | Satoshi Club: Please share with Satoshi Clubbers useful links and information before opening the chat 😍
Joel Davies | BaconDAO:
- Discord: https://discord.gg/bacon
- BaconDAO hub: https://hub.bacondao.com/
- Twitter: https://twitter.com/bacondao_
- Website: https://bacondao.com/
- Vote for us on mirror.xyz: https://mirror.xyz/race?candidate=BaconDAO_
Gold Rocket | Satoshi Club: Great 👌
Andrés M. | Satoshi Club: Satoshiclubbers, let’s be part of that incredible Bacon Family 😁
Gold Rocket | Satoshi Club: Now get ready for the most impressive part of our AMA 🚀 Live questions 🚀🚀🚀
Joel Davies | BaconDAO: Yes everyone is welcome!
Part 2 — live questions from the Telegram community
Q1 from Telegram user @munishgmr:
What Topics will be included in the Educational Academy ?
There are many types of Contents Like Recorded Video type, Pdf, live . . .etc.
How will you provide different contents to users?
Joel Davies | BaconDAO: There will be multiple topics included in the educational academy. From Crypto-101 (beginners course) to TA lessons and even more specific course on how to use BSC or Polygon.
The courses will be posted on our hub in article form, videos and even live calls in the discord server. So please join our discord and go check out the BaconDAO hub: discord.gg/bacon.
Q2 from Telegram user @iam12312:
It’s very exciting to see such useful projects, how is this educational academy different than a traditional education academy?
Is there any plan to collaborate with any crypto field companies?
Oisín | BaconDAO: Great question: Our educational academy aims to tailor & develop content wanted by and designed by the community.
A traditional educational academy determines curriculums and learning items for the user.
Our goal is to allow users to vote on various topics they see value in learning – this is done really well in our DAO format as we gain such a huge amount of feedback, insight ideas.
We also differ from a traditional academy in that users can actually create educational content and get rewarded for doing so if it is useful. This is determined and voted on by the rest of our DAO.
Q3 from Telegram user @Kathdm:
I have read that there are private channels in the BaconDAO community. How can we gain access to those channels? Why are there private channels different from the public channels of the community? Is there exclusive content shared on those private channels?
Oisín | BaconDAO: Yes, there is lots of exclusive and gated content in the BaconDAO community – the reason we chose this model was so that we can scale further and produce more exclusive and advanced content for our members, the monthly membership helps us do this as we pay many of our contributors to produce research and education.
The exclusive content that is shared includes top crypto gem picks and research on different projects, insights to the invesments the team make etc(for educational purposes), mentorship for education and research, in-depth daily btc analysis and discussions, and many more awesome services.
By joining our discord you can see which channels will be locked upon launch (all purple, gold and platinum categories).
At the moment everything is open so people can see the quality of our content!
Q4 from Telegram user @meml97:
I think that what BaconDAO is trying to do here is amazing, we don’t see every day projects that are willing to help others to learn about this complex world, but as I was reading about all the educational aspects BaconDAO is trying to cover, from courses to Mentorship and P2P Help Services, I couldn’t help but wonder; who will be behind this teaching and mentorship roles? How do you know someone is qualify to teach or mentor someone else? Also, can regular BaconDAO users become mentors to others? If so, how is the process for that? What kind of information do you ask for in order to accept someone on a teaching role on BaconDAO and how do you make sure that this certain information is indeed real?
Joel Davies | BaconDAO: Thanks for the question! So each contributor goes through a vetting process currently by the core BaconDAO team. We interview each contributor to see if they are qualified enough. And those contributors or the core team will be the ones who teach our courses.
Regular members can become contributors! If we see a particular member providing value in the community through answering questions or posting community research on the hub etc, we might select them to become an official contributor!
Q5 from Telegram user @boradam:
Can I earn NFT’s while staking $BACON tokens and what APR’s are there?
Joel Davies | BaconDAO: Yes! When you stake enough bacon tokens in our farm, that grants you a membership NFT. These NFT will become collectables in the future and have potential to provide additional benefits. The APY will be 100-200% 🙂
Q6 from Telegram user @Xusuo:
Can you explain what is the special and unique feature that Bacon Dao has and other competitors don’t? What feature are possible to attract investor or user into your project?
Oisín | BaconDAO: BaconDAOs special feature is our Community!
We have one of the most organic and committed communities in the crypto space ( Like Satoshi Club).
The way this sets us a part is we have constant research and content from our community (whether it be from paid contributors or normal members).
This research has helped our community to grow in the crypto space (financially and knowledge based – check out our testemonials in discord).
We try our best to only produce great projects for our members and never like to promote or shill projects.
The feature that attracts investors to our project is exactly the above.
Adding to the above is our BaconDAO $EARN initiative or BaconDAO Member rewards – the ability for members to earn $BACON by interating with our ecosystem and providing quality content whether it be research or education or just good community engagement.
Q7 from Telegram user @ItsMelissa3:
I read on your website that we can subscribe to your Daily Digest, which contains Crypto Daily analysis, Market Analysis, Altcoin Gems, Project Reviews, and other opportunities. How can we subscribe? Do we have to pay the registration? Do we have to pay monthly? Or is it completely free?
Joel Davies | BaconDAO: So the Daily Digest will be our free newsletter and it acts as a taster to what BaconDAO offers. It includes BTC and BTC.D analysis along with other crypto news. There will also be insider reports and this is where the true gems are shared. This insider report will include a more detailed daily analysis and market update along with the most recent gems our contributors are researching. This in itself is a very valuable aspect of BaconDAO.
Q8 from Telegram user @victorogb:
With a mission of helping it’s community of investors learn and profit in the crypto world, how would prospective members of your community get to enjoy and benefit from such services and how can users access these financial materials?
Joel Davies | BaconDAO: Thanks for the question! By joining the BaconDAO discord, it’s worth noting that as our token has not launched yet, the Discord and hub is open to the public. So please check it out while its open!
Q9 from Telegram user @adaatalay:
How can community members participate in the BaconDAO Member Award? How is the winner selected?
Oisín | BaconDAO: These member rewards are decided through a community voting process and/or selection by team members.
If a community member produces really good content (education/research etc.) in our hub, they are voted on by the rest of the community. If the content surpasses a certain threshold, the content is rewarded.
Majority of the rewards will go through a selection process – we currently have 20+ paid contributors and mods in the chats every single day – these contributors are there to notice and notify the team of content they see as deserving of rewards or tips.
Q10 from Telegram user @BJosefina61:
What blockchains does BaconDao involve? Is this in essence a multi chain DAO? Can you explain this point better?
Joel Davies | BaconDAO: The $BACON token will be on both ETH and BSC! While our farm and NFT’s will be based on ETH. If you buy BACON on pancake swap and want to become a member, you will need to use a bridge (yet to be announced) to go over to ETH and then you can stake your BACON for the membership!
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
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Spanish Telegram group: https://t.me/satoshi_club_spanish/
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Medium – https://medium.com/bacondao
WebSite – https://bacondao.com/
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