PART 1. Introduction of Catoshi project and community questions.
Hello, Satoshi clubbers and guests of this site. Let’s talk today about Cat of Satoshi. It could be a fairy tale, or it could be true. Catoshi can be anything you want to be.
Catoshi add powerful utility to cryptocurrency projects while
rewarding $CATS holders with high annual percentage yield
(APY) farming and staking via our unique cross-chain bridge.
The plan of AMA session:
- Part – Introduction and preselected questions.
- Part – Live questions
- The Quiz about Catoshi
The reward pool is 500$
Leading the AMA our clever and fun admins:
Mary | Satoshi Club – @Satoshi_club
D. | Satoshi Club – @Cool_as_Ice
The Representative of the project:
Josha – @joshascott
Kayz – @kayz0808
Introduction of Catoshi project.
Mary | Satoshi club:
Hello Satoshi club! We are happy to announce our ama session with Catoshi! Welcome to Satoshi club😀
D| Satoshi club:
Today our guests – @joshascott and @kayz0808 ! Hey guys, how are you?
Mary | Satoshi club:
Welcome to Satoshi club 👏
Josha $cats:
Hi guys! Glad to be here.
Mary | Satoshi club:
Hello, happy to see you here 👍
Kayz $cats:
Haha, thank you. Had a great artist make them
Mary | Satoshi club:
So, let’s start our ama 😀
Josha $cats:
Ready when you are
Mary | Satoshi club:
Could you tell us more about yourself and your roles in Catoshi?😀 And of course, what is Catoshi🥳
Josha $cats:
Sure thing – myself and Katz and the project leads on Catoshi we are surrounded by a great team that are helping to achieve all that Catoshi has set out to do.
Catoshi is the long-lost cat of Satoshi of course 😉
But on a serious note, we came up with the idea a few months ago when discussing the next wave of meme tokens in one of our mutual groups
Mary | Satoshi club:
You were first😂
When did you get idea to create Catoshi? Is it related to existing animal meme coins hype?😀
Josha $cats:
However, after talking some more we knew we wanted to build something greater than ‘just another meme token’. Having said that, the internet goes wild for cats haha.
Mary | Satoshi club:
Yes, cats own the world😂
Josha $cats:
It’s a cat eat dog world out there Mary
Mary | Satoshi club:
So, you got idea, formed a team and😀 … When did you go live?
Josha $cats:
We launched May 25th
Mary | Satoshi club:
Almost month! Anniversary soon😀
Thank you for your introduction, guys! What do you think about first part of our ama? Ready to answer community questions?
Kayz $cats:
Sure, let’s bring on the questions 💪
Preselected questions about the Catoshi DeFi project.
D| Satoshi club:
Q1 from telegram user @kimterbear
It was revealed that the team consists of 12 team members with an overall experience of 50 years in the crypto industry. However, there is not any information about them in which I started to doubt about their legitimate identities or is it really true that they are experienced. To avoid this type of confusion, can you make it clear to us the reason why you chose to be anonymous? When will be able to meet the team soon?
Kayz $cats:
Yeah, indeed, there can be an issue with anon teams. We are team with a mixture of experience from marketing, project management etc. Some are real life friends, some colleagues. Many often have real life responsibilities and there can be clashes in their personal lives if they were to reveal their identities.
But I have a feeling when Catoshi grows and becomes very successful, that won’t be a problem.
Mary | Satoshi club:
Doesn’t it mean that you take the project lightly and it is not your priority?
Josha $cats:
What I would add is, that partnering with other established teams like toad and spade further legitimizes the team and their goals.
D| Satoshi club:
So, you plan to stay anonymous for a while? Any plans to reveal your identities any time soon?
Josha $cats:
For the time being we will be anon, but we aren’t ruling out going public later if the team feel that this is an important step to further the project
D| Satoshi club:
👌 thanks for answer
Kayz $cats:
Not at all, we have been continuously pouring our owns funds into this project since the start. Many of us have not sold a single token.
However, we cannot let down our families at the same time. You have to find a middle ground somewhere.
In the future, I do see some team members slowly going public.
Josha $cats:
Plus adding to the team!
Mary | Satoshi club:
Got it, thank you 😀Thank you for your answers, guys! Ready to proceed?
Josha $cats:
Sure
D| Satoshi club:
Q2 from telegram user @meml97
It came to my attention that Catoshi’s token will work as a governance token, but earlier on your whitepaper you said your token will split into two; Catoshi the erc20 version, and czatoshi the bep20 version. So, my question is, will both versions work as governance tokens? Will users need to hold both in order to be able to participate in governance decisions or will just one be enough for that? Also, what is the min. Amount users need to hold if they want to participate in governance decisions and on what kind of decisions will they be allowed to do so?
Josha $cats:
So, we will be launching czatoshi on the BSC. The main purpose of this will be for high apy farming and staking with our partners at padswap (their platform is awesome) and to allow a new group of investors to access Catoshi.
Cats on erc20 will remain the main governance token for now. Currently we haven’t set any parameters on amount to hold to gain access to the governance.
Erc20 holders will essentially be ‘keepers of the crossing’!
D| Satoshi club:
How you distributed your tokens? Do you had a presale? And what will be the distribution plan for bep20 token? Will you plan another sale or maybe an airdrop for holders?
Josha $cats:
Who woudln’t want to be a ‘keeper of the crossing’? Haha
Mary | Satoshi club:
We will have question about this a bit later 😃
Josha $cats:
We had a small presale to raise liquidity on Uniswap.
Mary | Satoshi club:
How much did you raise?
Kayz $cats:
Roughly 13-14ETH
Mary | Satoshi club:
Good numbers for the new project😃
Josha $cats:
There won’t be another presale – we will be using tokens from the dev fund to add liquidity, then the community can join and add liquidity too and take advantage of the great padswap platform
Catoshi may even move onto other chains in the future – who knows???
Mary | Satoshi club:
We don’t 😉
D| Satoshi club:
All of them were added to pool?
Josha $cats:
Most of it – we launched with a good pool as we didn’t want to subject our community to a very very low liquidity pool
Kayz $cats:
Bear in mind costs to launch projects and distributing tokens. Fees are a lot cheaper now than in the past.
D| Satoshi club:
True
Mary | Satoshi club:
Yes, we remember that gold in both senses’ days😂 Thank you for your answers guys! Ready to proceed?
Josha $cats:
Proceed friend
Kayz $cats:
Let’s go
D| Satoshi club:
Q3 from telegram user @h1drx
$cats has the following distribution model: 6% taxes: 3% redistributed to holders, 2% burned, 1% to our mental health charity wallet, and according to your roadmap in phase 1 you plan to make your first donation, so I would like to know two things, the first is: why did you choose to make charitable donations for mental health? And the second is: are these donations totally transparent with the users who use $cats? Can users track the funds that are raised and the organizations that receive the funds at any time?
Josha $cats:
Charity is very close to my heart personally; I have actually been working for a mental health charity for almost 10 years!
We have often used cats and dogs for petting as it is a known fact that it can reduce stress and calm nerves – hence why we linked it there
We want to be transaparent in everything we do and will certainly want the community involvement when it comes to supporting various charities, whETHer they are international or more local.
We will announce all charitable giving that we do, it will never be a surprise – but we will also do this in a way to respect the price for those holding
Kayz $cats:
Right now, our first product is almost releasing. But we will be donating very soon
Josha $cats:
Indeed, the more utility and uses we add, the more we will be able to raise.
Mary | Satoshi club:
How your users will be able to track charity transactions?
D| Satoshi club:
Why have you decided to choose that model with taxes? I see it quite popular; many projects use similar models. You have any explanation on this? Why you prefered model like this with burning and everything?
Josha $cats:
That is the beauty of the blockchain – we will share transactions when we make them for charity
Mary | Satoshi club:
Nice👍
Kayz $cats:
Well, with the whole meme hype. We thought of using a similar model because it seems most of the audience loved burns and redistributions etc. Even though we’re providing a real utility, we still wanted to attract a big portion of the meme community, which is why we went for the rfi model, which we re-modelled a bit
D| Satoshi club:
Okay, got it 😊
Josha $cats:
Yes, remodeled to fit our BTC founding father’s work!
Mary | Satoshi club:
Thank you for your answers! Everything is clear for me 👍 ready to jump to the next question?
Kayz $cats:
Memefi at work 🙂
D| Satoshi club:
Q4 from telegram user @nszr1
In your white paper it is noted that the term “the crossing” is quite important in the project, however I did not understand exactly what the purpose of this it and how it works, this being the basis of the project. Could you detail exactly what “the crossing” is, how does it work and why is it so important in the ecosystem of your project?
Josha $cats:
So, essentially the crossing is a cross chain bridge allow tokens to be wrapped and move between different blockchains, initially this will be for BSC and ETH but we will expand to more chains
The beauty of it will be that it will add utility to any coin (meme or otherwise) that wants to further their userbase on various chains and stake and farm on padswaps revolutionary platform
Kayz $cats:
This is something that is very expensive to do for small projects, through us, they will be saving a lot of money.
Mary | Satoshi club:
When will it work? What users will need to do? As I understand it will be bridge like binance chain bridge?
Josha $cats:
It is also very time consuming!
D| Satoshi club:
It will be a cool function 👍
Josha $cats:
We are hoping it will be live in the next week or 2. So we are working fast considering we have only been launched under a month
D| Satoshi club:
And how safe it will be. Any audits of contract? 👀😄😉
Josha $cats:
It will have a far simpler ui than binance bridge
All of our smart contracts are audited by spade audits and they will also audit anyone that comes to use the bridge – all included in the price. It will be a great option for many tokens out there wishing to step up to the next level
The future of the crypto space is multi chain interoperability
Mary | Satoshi club:
Can you share your audit report with us?
Josha $cats:
Sure. Catoshi audit complete – no security issues found within contract.
Spade Security Audit – May 2021 – Catoshi
We believe people’s safety is paramount in a space littered with scams and illegitimacy
Mary | Satoshi club:
Thank you for sharing!
D| Satoshi club:
Btw it will be possible to transfer stablecoins through your bridge?
Josha $cats:
This is something that we can add. Cats will be the first.
And we are positioning ourselves at the forefront of that, whilst also supporting the smaller projects
D| Satoshi club:
Totally agree
Josha $cats:
Our aim with our partners at spade and toad (padswap) is to change the space for the better with full transparency and being genuine
Mary | Satoshi club:
Is it only for erc20?
Josha $cats:
The audit?
Mary | Satoshi club:
Yes
Josha $cats:
Yeah initially – it will be extended to the wrapped czats once the process has been finished.
Kayz $cats:
There will be many, many audits. Safety is important
D| Satoshi club:
Awesome😎
Josha $cats:
Hence why we partnered with experts in smart contract safety!
D| Satoshi club:
Thanks for answers! Ready for the next question? 😊
Mary | Satoshi club:
Awesome!🥳
D| Satoshi club:
Q5 from telegram user @victorogb
In keeping true to it’s reputation of being a community backed participatory project, Catoshi periodically organises competitions and special fun events, specifically targeting it’s strong community of active $cats holders, as a way of rewarding them for their efforts and support to the Catoshi team and project. Though these events are also a way of promoting a strong synergy between the community and the team, how will Catoshi leverage on it’s meme token features, to organising fun and competitive events geared towards promotions, marketing and community growth, and how will Catoshi look to make such events and competitions a regular feature of it’s project activities?
Kayz $cats:
Wow, where to begin
D| Satoshi club:
Haha😄
Kayz $cats:
This is ofc a serious project trying to deliver a utility we have not really seen in this space. But what we noticed for other projects is lack of community push. Often, devs just sticking to dev work and if enough time passes, many people get bored.
Which is why we wanted to combine defi + memes = memefi
D| Satoshi club:
Memefi sounds nice and fresh 😄👍
Mary | Satoshi club:
Memefi? That’s interesting 👍
Kayz $cats:
At Catoshi, community is our backbone.. Just buy checking our channel you will see the type of loyalty we’re fostering. Many community members help us in creating these competitions. Memes go viral easily, and many of our members are great at producing viral content.
With more community participation and more competition, we are hoping for a sort of snowball effect to take place and more and more community members collaborate with us
Josha $cats:
We have many a happy community member after wearning cats from our various competitions – these will only continue
Mary | Satoshi club:
What is the nearest plans for community activities?
Kayz $cats:
We are also all about rewarding great effort and recognising people. We want to grow our social media platforms and promote the great work of others. Many community members out there who we want to show our gratitude towards
D| Satoshi club:
Nfts will be part of your project too?
Kayz $cats:
Haha, ofc, what’s a meme without them
We’ve done meme competitions, comic strip competions, gif, videos etc…
We will keep looking for other creative avenues.
As for our current competition. 5 lucky members we see with “$cats” in their tg username, will be rewarded 3k cats, winners announced towards launch of the first bridge
Mary | Satoshi club:
Satoshiclubbers, join🚀
Kayz $cats:
@cool_as_ice @madamlobster am I allowed to plug a youtube vid made by one of our members? 😁
D| Satoshi club:
Sure!
Kayz $cats:
https://www.youtube.com/watch?v=sxtdo_mokby
Here is a video made by renzo (we see you king!!). The guy is amazing. This is what we love and encourage at Catoshi. We want people to build with us, this is our project.
Dev team builds, community builds… We grow bigger💪💪
D| Satoshi club:
Haha nice 😄
Josha $cats:
Watching it again and it still makes me laugh
Kayz $cats:
Plenty more where that came from in our tg group
Mary | Satoshi club:
😂thank you for your answers, guys! Do you want to add something or we can go to the 6th and last question from this part?😃
Josha $cats:
Let’s proceed
D| Satoshi club:
Q6 from telegram user @arisabela
Catoshi aims to be a deflationary frictionless yield token, but there isn’t much details about your deflationary strategies on your website, can you tell us how will this token increase it’s value? Also, on your roadmap it’s mentioned something about BTC solidarity token burn, can you tell us what is that and what is its purpose?
Josha $cats:
The main deflationary aspect is the 2% burn that occurs on every transaction – this adds up over time
We started at 21mil and have burnt almost half the supply – BTC supposedly has 21 mil but we all know there are millions missing from lost wallets and passwords. So, we decided to burn a load
Plus, communities love burning tokens haha. So these major burns have already occurred.
Mary | Satoshi club:
So, what is circulation supply now?
Josha $cats:
Just under 11 mil
Mary | Satoshi club:
Nice😃
21mln was for erc 20 tokens, right?
Josha $cats:
Yeah – the number will stay the same when we wrap. No new tokens are created
Mary | Satoshi club:
Got it😃
Josha $cats:
In fact, it will go down more when we move a chunk over for liquidity and it gets subjected to 2% burn lol.
Mary | Satoshi club:
How many holders do you currently have?😃
Josha $cats:
Around 850 as of now. So we are still under the radar
Mary | Satoshi club:
Yes, btw, are you listed on coingecko?
Kayz $cats:
Not yet, hopefully soon 🙂
Josha $cats:
In the works
Catoshi will also be required for those wanting to bridge – this will be locked further lowering circulating supply
Mary | Satoshi club:
Nice move 👏
Kayz $cats:
No bridging can be done without Catoshi. This is where our tokens will be utilized. With more bridging, they will become scarce
Mary | Satoshi club:
I hope as well! We wish you to be there as soon as possible 😉
Kayz $cats:
Thank you very much
Mary | Satoshi club:
Thanks for this part, guys! Now you will be able to rest 120 seconds 😃 our users will post their questions for the live part 🚀🚀🚀
Mary | Satoshi club:
Ready?
Josha $cats:
Shoot
Mary | Satoshi club:
Let’s go 🚀
PART 2.Questions about the Catoshi project from the live chat of the telegram community.
In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Catoshi crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.
Q – 1 from a telegram user @esrarengizbtc
What do you think is the biggest problem of MEME tokens and how will you solve this problem? Do you have the power to revolutionize the crypto space by solving a built-in problem for MEME tokens?
Josha $CATS:
I think that lots of scams will use the guise of meme coin, this is a huge problem. We want to clean up the spcae for sure, with the help of the security expertise of the Spade team we hope users will feel safe using any meme coin that has been onboarded to The Crossing
Also, lack of utility – with The Crossing we open up a whole host of opportunities to meme coins (and non meme coins) to new userbases and farming and staking options – MEMEFI
We believe that working together gives us more strength to acheive these goals!
Q – 2 from a telegram user @slla1112
What are Catoshi’s strengths? Will it be stronger and more reliable than others?
Josha $CATS:
We harnessed the power of synergy (3 teams working together) – Spade will audit, and get your token functioning on both chains, PADSwap provides the landing point for super-efficient and high apy staking and farming and Catoshi wraps and provides the bridge between.
Q – 3 from a telegram user @mobilejii
Where to buy $CATS what is contract address ?will you list on any CEX?
kayz $CATS:
You can buy here
https://app.uniswap.org/#/swap?outputCurrency=0x6a00b86e30167f73e38be086081b80213e8266aa
Josha $CATS:
CEXs are certainly in the plan but for now we are focussing on building defi (MEMEFI)
Q – 4 from a telegram user @NSZR1
In your white paper I read that Catoshi Nakamoto is setting out to change the face of Decentralized Finance (DeFi) by opening the door for any cryptocurrency project, Currently there are many promising projects, however there are others that were born with the sole purpose to trick users into investing in them without really having a long-term plan, taking this into account, Will Catoshi Nakamoto really open its doors to ANY project or there will be some type of minimum requirements that these projects must meet in order to be taken into consideration, and if not, how can Catoshi Nakamoto assure his users that the accepted projects are 100% safe?
Josha $CATS:
I really like this one. Well firstly, vetting will be important, we will not just allow any project to bridge over. Bear in mind, there will also be costs. We are currently developing guidelines, which we will publish. It is imperative we bridge over serious projects and maintain our brand image.
Q – 5 from a telegram user @hiden bu user
You stated in your article that charity is one of the primary reasons Catoshi $CATS was created, and one of your lead team members works for a mental health charity, and your team also wishes to support cat and other animal-related charities in the future in order to make a difference in the world and make it a better place. How can we, as members of your community, help to make this happen?
Josha $CATS:
Obviously supporting us by sharing the word in the crypto space. But, let’s try and supersede the cryptosphere and reach out to real life charities that need support in these areas. We will run polls for the community and voice chats specifically around how we give and who to.
Also, feel free to try and put us in contact with mental health charities that you know are doing an awesoem work
Q – 6 from a telegram user @NSZR1
A 6% tax for each transaction carried out means that if I want to buy / sell $ CATS I must pay a 12% tax, taking into account that users tend to seek lower transaction fees. Do you think that in the long term this could negatively affect the reception of the token? To motivate those users who might have doubts about joining this project for this reason, could you explain exactly how that 6% tax will be used for each transaction?
kayz $CATS:
Indeed, there is a bit of a hefty tx cost here. Even with eth fees so low. However, I’d like to think our model also encourages long term holders who will be with us as we release more bridges and other features of our ecosystem.
If you’re buying for a quick 2x flip, I hope you are using a good chunk of money. Although, I wouldn’t advise it.
Q – 7 from a telegram user @Emidm28
You mentioned that you know that carefully-chosen collaborations will play a key role in realizing your vision. Are you currently working on new partnerships and collaborations? Can you tell us something in advance? It is important that partnerships benefit both projects involved and increase their growth and allow them to reach a wider audience. What other aspects do you evaluate in your partners?
Josha $CATS:
We are always looking to partner with projects and have had requests from others to partner with us also. Although nothing is public yet!
We believe in the power of synergy and 3/5/10 projects working together can acheive so much more than 1.
We will be strategic in the partners that we put in place and all we be mutually beneficial to us, the partners and our communities
kayz $CATS:
Although, we cannot disclose yet. We have been in talks with multiple projects and some have shown great interest in using our bridge. To be disclosed soon.
Q – 8 from a telegram user @esrarengizbtc
What do you think is the biggest problem of MEME tokens and how will you solve this problem? Do you have the power to revolutionize the crypto space by solving a built-in problem for MEME tokens?
Josha $CATS:
i did this one lol.
Q – 9 from a telegram user @Kushal85127939
What kind of NFTs you are thinking to dive into? Is there any Catoshi funding round for this NFT segmen?
Josha $CATS:
So we have our artist (ex-Marvel) who has already started in creating our NFTs. Everything is set, just a waiting game now. And we’re coming up with a few interesting uses for them 👀
Keep an eye out for NFTs release
Q -10 from a telegram user @Robotliker1
We can see many projects ruggpull nowadays but how can we trust new project like yours and invest? Do you have liquidity locked?
Josha $CATS:We have locked our uniswap pool via teams.
On top of this our active presalers still involved in the project also locked half of their tokens on the platform. This was after they burnt 10% of their tokens as well!
The team aren’t interested in a quick buck and are here to build something.
We have even had large holders in the community come to us saying they would like to lock their tokens too!!!
https://team.finance/view-coin/0x6a00b86e30167F73e38bE086081b80213E8266Aa?name=Catoshi&symbol=CATS
kayz $CATS:
To add a bit to this. It brought us great joy knowing that our community members even wanted to lock their tokens, it’s good that they can see the vision and the potential here.
Ofc we would never ask them to do so, but it was great to see.
Q -11 from a telegram user @Shaa93
Why does Catoshi need cross from Ethereum to BSC, and from BSC to Ethereum? Does Catoshi plan to be providing bridges to other chains such as: Polygon, Solana, Harmony?
Josha $CATS:
We partnered with PADSwap on BSC – BSC is far cheaper for farming and staking and has extremely high volume. It made sense to land here first.
We want to be at the cutting edge of new technology in the space, we will always be looking to add new chains like the ones mentioned and we may even look to push the boat into newer undiscovered chains in the future!
Part 3 – Quiz about project
In the final part, we tested the knowledge in terms of the Catoshi project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.
Our contacts for more details:
English Telegram group | Russian Telegram group | Spanish Telegram group | Telegram Channel | Twitter | Website
Our Crypto Partner by this AMA: Catoshi