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 Crypto Puzzles and our guest was @captainharsh and @vstas – cofounders of Crypto Puzzles. The AMA took place on 22 April.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Crypto
Puzzles! Welcome to Satoshi Club😀
D. | Satoshi Club:
Today our guests – @captainharsh and @vstas ! 👏
Hello guys!
Stas Varetsky:
Hey there. Nice to be here.
The Captain | [No
DMs]:
Hey all, excited to be here! very active community 💥
Mary | Satoshi Club:
Welcome here 😀
D. | Satoshi Club:
Good to have you here guys! welcome to our club! 😊
Mary | Satoshi Club:
Guys, you have an unordinary project and we are excited to hear more about it!
And first, let’s start with your intro 😀
The Captain | [No DMs]:
Excited to share more with you guys.
Mary | Satoshi Club:
Could you please introduce yourself and tell us more about Crypto Puzzles 😀
The Captain | [No
DMs]:
We thought about building something simple and unique and true to crypto
Sure, @VStas and i are cofounders of crypto puzzles, a simple dapp where users solve digital jigsaw puzzles and unlock private keys with preloaded wallets that include crypto and NFTs.
D. | Satoshi Club:
Are you both puzzles lovers? or how did you come up with idea about crypto puzzles project? 😊
The Captain | [No
DMs]:
what we are doing is a double IDO and we will have two tokens, 1 on eth, 1 on
bsc. and please note that these tokens are not bridged and will have
independent prices
Who doesn’t like puzzles? I’ve been a big fan of puzzles as a kid and I continue to solve puzzles (sorry I’m a nerd hehe)
D. | Satoshi Club:
Yeah, we will talk about this today, a bit later 😉
The Captain | [No
DMs]:
we came up with the idea while brainstorming one day while drinking
Mary | Satoshi Club:
How long did it take to create your project 😀 from idea to now
D. | Satoshi Club:
I wouldn’t say i don’t like them, but i suck at puzzles 😁
Mary | Satoshi Club:
I see your social media are young
The Captain | [No DMs]:
We have been working on it since start of the year.
Mary | Satoshi Club:
I will send you some, 500-1000 pieces😂
The Captain | [No DMs]:
Yes, we have just got activated this week as we have been working on developing the product.
Mary | Satoshi Club:
Do you have a big team?
The Captain | [No DMs]:
Define big haha
We have a strong team.
Please do!
Mary | Satoshi Club:
Is there any info about your team members or you prefer to stay anonymous?
The Captain | [No DMs]:
On that note, all our puzzles will be 8 X 8, so 64 pieces.
It’s not that we prefer to stay anonymous, but we don’t think sharing information on the team is important.
After all this is satoshi’s club, right? haha
Mary | Satoshi Club:
😀
That’s interesting, so, if i will buy puzzle I will get all 64 pieces which i will need to sole, right?
The Captain | [No DMs]:
Yes
We are gamifying the product for phase 2, where we will run competitions to see who can solve the puzzles in the least number of steps and win.
Mary | Satoshi Club:
Got it👍 i want more details, but i am afraid we can
answer questions from our community before they are asked😂
So! Thank you for your intro!
The Captain | [No DMs]:
Sure.
Mary | Satoshi Club:
Do you want to add something or we can go to the questions from our community?
D. | Satoshi Club:
It happens often 👀😄
The Captain | [No DMs]:
Let’s go to the community.
D. | Satoshi Club:
Let’s goooo!
Thank you for the intro!
Q1 from Telegram user @h1drX
It is not very usual to see this type of project, which is adapted to entertainment and dynamics that keep the user interested. I would like to know how the idea of solving puzzles and earning cryptocurrencies and NFTs by doing so was born. Also, I would like to know your purpose with the Crypto Puzzles project, what problem in the ecosystem does Crypto Puzzles intend to solve?
The Captain | [No DMs]:
Btw, if you guys haven’t seen our website yet, please do – www.cryptopuzzles.io
Ill start answering this backwards. there is no problem that we aim to solve, but to bring entertainment to crypto. after all, what is life without fun?
Mary | Satoshi Club:
Satoshiclubbers, visit, please 😀
Nothing, we should have fun😉
The Captain | [No
DMs]:
the purpose of the product is to entertain the crypto community and engage
them. after all, the art of mining is solving mathematical puzzles and
earning/winning crypto if you know what i mean… for eg mining BTC and ETH
@VStas boss are you gonna chime in?
D. | Satoshi Club:
So your project is a pure entertainment product and people should not take it seriously?
Mary | Satoshi Club:
Do you plan to add more features or games in the future?😀
The Captain | [No DMs]:
I thought entertainment is a serious business.
Stas Varetsky:
I see you’re having fun here. Don’t want to still the show)
Mary | Satoshi Club:
More people, more show😀
The Captain | [No DMs]:
Yes, we do, we are going to collaborate with artists in the future where artists sell their artwork as puzzles rather than NFTs, and the buyer will need to solve the puzzle in order to unlock that NFT. we already have partners like mintable to do this.
D. | Satoshi Club:
Nice idea!
Mary | Satoshi Club:
It’s something special! 😀
I like this!
The Captain | [No DMs]:
told you! entertainment is serious business.
Mary | Satoshi Club:
Sure! Thank you for your answers! Ready to go to the next question?😀
The Captain | [No DMs]:
Yep!
Q2 from Telegram user @NataliyaKil
Why did you choose the DuckSTARTER platform for the Public Sale? Why is it good for Crypto Puzzles, what opportunities does it provide and how can such cooperation affect the development of Crypto Puzzles in the future?
D. | Satoshi Club:
So what is DuckSTARTER first of all? not everyone knows what is this.
Stas Varetsky:
We are in great relationships with the Ducks. They loved the idea, so it was an easy choice
The Captain | [No DMs]:
Duckstarter because we love duckdao and the team! it’s a good opportunity because they have a huge and active community. the founders are also great guys who have known for a long time.
Its a launchpad.
Mary | Satoshi Club:
Did you know them personally? Before Crypto Puzzles?
The Captain | [No DMs]:
Yes.
D. | Satoshi Club:
What will be the next steps of your project after public sale?
Mary | Satoshi Club:
It’s even better 😉
The Captain | [No DMs]:
We aim to launch the MVP on the day of the IDO. @VStas can elaborate here.
As soon as the IDO is complete, users can start purchasing and solving the puzzles and winning crypto.
I would like to highlight, that EVERYBODY WINS.
You either win, OR YOU WIN BIIIIIIIIIG
Stas Varetsky:
Yep, that’s is exactly what we are planning.
Mary | Satoshi Club:
Really? I wanted to say that my son is a big fan of puzzles 😂 and like to win)
The Captain | [No DMs]:
I expect you to buy a lot of puzzles then haha
D. | Satoshi Club:
😁😁😁
Mary | Satoshi Club:
Ohhhh, yes, i can😂
Btw, what is the date of Public Sale?
The Captain | [No DMs]:
26 April.
https://twitter.com/Cryptopuzzles_/status/1384440019981590529?s=20
Mary | Satoshi Club:
Haha, we are close👍
The Captain | [No DMs]:
https://twitter.com/Cryptopuzzles_/status/1384440146435661824?s=20
D. | Satoshi Club:
👍
Mary | Satoshi Club:
Good luck, guys! It’s important day in the life of every project!
Ready to go to the next question?😀
D. | Satoshi Club:
It looks hard to solve 😄
The Captain | [No DMs]:
Yeah.
Q3 from Telegram user @Pratze
I just confuse with your token system which is split 2 token into $CPTE under ETH chain and the other is $CPTB under BSC chain and have totally independent prize for each token, what is your expectation by create 2 token with different chain? How if there is a big gap in price between $CPTE and $CPTB, what will you do?
Stas Varetsky:
Get bets on what will outperform)
We thought it will be a great experiment to do it this way.
The Captain | [No DMs]:
This is a very good question. we expect the price to be different, think of the projects as totally independent of each other but is accessed from the same website. in the future, we expect to launch more tokens on different chains, all of which independent prices of each other.
D. | Satoshi Club:
Both of your tokens will have the same total supply?
The Captain | [No DMs]:
Please note, the tokens are not bridged.
All the tokenomics are exactly the same for both chains.
D. | Satoshi Club:
So it will be impossible to send tokens from eth to bsc? and backwards?
Mary | Satoshi Club:
Don’t you plan to add more chains?
The Captain | [No DMs]:
There is no need, there are tokens on both chains.
D. | Satoshi Club:
Gotcha.
Stas Varetsky:
Yep, we are thinking about this.
The Captain | [No DMs]:
Yes, we do, please let us know your favorite chains are. for eg: Polkadot or cosmos.
Mary | Satoshi Club:
Polkadot 😀
D. | Satoshi Club:
Cosmos.
Stas Varetsky:
Ahaha
Mary | Satoshi Club:
But Cosmos is also cool 😂
The Captain | [No DMs]:
Oh, f**k it we’ll do both.
Mary | Satoshi Club:
Because he is an atom holder😂
D. | Satoshi Club:
Actually, i very like cosmos blockchain 😄
The Captain | [No DMs]:
On a side note, completely irrelevant, we have two motorbikes, one is called atom, and one is called dot.
We will share photos on Monday, after the IDO.
Mary | Satoshi Club:
Ahaha, you’re right 😂
D. | Satoshi Club:
Thank you guys for the answers! i think we are ready for the next question? 👀
The Captain | [No
DMs]:
Yes sir 👍🏾
Q4 from Telegram user @Indomiekuy
I read on your telegram that you choose to not create whitepaper because of the simplicity of your product, but dont you think people will hesitate to invest because of this ‘simplicity’ and feel your project not serious? How about new development, do your project will be always ‘simple’ like this and no other new feature or product?
The Captain | [No DMs]:
Firstly, our private sale sold out in about 5 hours, and we are oversubscribed by about 20X… simple is good, not everything has to be complex.
In terms of new development, here’s our 1 pager
Stas Varetsky:
There are so many whitepapers on different projects, that we thought that
people are getting tired of those)
Regarding investments, it’s a very tiny raise. And yeah oversubscribed by a lot
on day one.
Of course we are planning to develop new things.
The Captain | [No DMs]:
At the bottom, you will find the timeline.
Mary | Satoshi Club:
Oh, i see you will have airdrop😀
Stas Varetsky:
But we think that our community should take part in the development of new
features. As it’s all about keeping them entertained.
Mary | Satoshi Club:
Sure, community plays a big role in project success 😀
The Captain | [No DMs]:
👀
Mary | Satoshi Club:
We love airdrops 😂
D. | Satoshi Club:
I want to ask, all your puzzles will have the same level of difficulty? or you will create a variety of puzzles with different levels for beginners and pros?
Stas Varetsky:
At launch, they will be all the same.
Stas Varetsky:
8×8
Mary | Satoshi Club:
Everyone should win😂
Stas Varetsky:
But on stage 2, along with challenges, we will most likely add levels.
D. | Satoshi Club:
Very nice! 👌
Mary | Satoshi Club:
We will train to prepare!
Thank you for your answers! Ready to proceed?
Stas Varetsky:
Always.
The Captain | [No DMs]:
Yep!
Q5 from Telegram user @Antoni_azx
It’s interesting you create keys once a puzzle is completed, what happens if I lose my key? Is there any way to recovery or do I have to complete another puzzle from zero?
Stas Varetsky:
1 puzzle = 1 key
Mary | Satoshi Club:
So, no chances to recover?
Stas Varetsky:
The puzzle will still be there.
If a user has access to his account.
All should be fine.
The Captain | [No DMs]:
Its your responsibility to keep your keys safe.
Stas Varetsky:
He will just need to solve the same puzzle again.
D. | Satoshi Club:
What if user will lost the puzzle? 😄
Is it possible?
Stas Varetsky:
No.
Mary | Satoshi Club:
Yes, I know, but with newcomers, it doesn’t work sometimes 🤷
D. | Satoshi Club:
Yes.
Stas Varetsky:
User is responsible to have access to his wallet.
The Captain | [No
DMs]:
they will learn the hard way, like everyone
Mary | Satoshi Club:
Our expensive lessons😀
Stas Varetsky:
It’s all about security.
D. | Satoshi Club:
Yeah, this is often is only way 😇
Mary | Satoshi Club:
And just one 6th question left from this part😉
Ready?🔥🔥🔥
The Captain | [No DMs]:
Yep!
Q6 from Telegram user @mctrho
According to your roadmap, in Q3 2021, you will give influencers and companies the opportunity to create their own Puzzle and Loot Boxes. Can you give us more details on this topic? Do you have concrete plans with influencers and companies to carry this out? What is your vision and perspective of this plan? What do you intend to achieve with this?
The Captain | [No
DMs]:
@VStas take this one
Sorry before we open up to the community, can we share some details about our token sale?
Mary | Satoshi Club:
Sure!
Stas Varetsky:
You know that influencers are the best drivers of adoption.
And who wouldn’t like to receive a puzzle with for example Beeple’s artworks?
The Captain | [No
DMs]:
we want to highlight that the whole raise for both tokens is 300k each. so
please note that this is a micro cap company and the liquidity will be locked
on both chains.
Mary | Satoshi Club:
Do you know Beeple?😀 In this case your sale will be 10000% oversubscribed 😂
The Captain | [No
DMs]:
150k private and 150k public.
Stas Varetsky:
Not promising anything here)
The Captain | [No DMs]:
5000 days, 69m Beeple 🙃
Mary | Satoshi Club:
We will follow your updates 😉
So, what do you think – what are our chances to buy some tokens😉
The Captain | [No DMs]:
100% when it gets listed on exchanges – coming soon Uniswap and Pancakeswap.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @highpee
You like using this line: YOU EITHER WIN, OR YOU WIN BIG. So are you saying it is not possible to lose? What if it takes long to rearrange the puzzle? What if I am unable to solve the puzzle, will there be a refund? Is there a possibility of losing the reward in the private keys if the challenge is delayed before completion?
The Captain | [No DMs]:
If you look at our website, you will the detailed prize breakdown. but when we say win, users will recover at least 10% of the cost of the puzzle. there is always a reward waiting there for you. there is no time limit to solve the puzzle, however, if you are unable to solve the puzzle, there are no refunds. the wallets are already preloaded with a prize which can be unlocked when the puzzle is solved.
Q2 from Telegram user @NataliyaKil
You consider your project simple and don’t release a white paper. What about an audit? After all, audit is the security of user data and their assets!
The Captain | [No DMs]:
That is a very important question, audits are important, and it’s something we look for when we are investing in products, BUT, in our case, we don’t think an audit is important because our token only has one utility, which is to act as a payment method. the only thing that is important is that the hard cap is encoded into the smart contract which we will demonstrate to the community when the smart contract is launched and tokens are minted. but outside of that, we think an audit will be a waste of capital and resources.
Q3 from Telegram user @KhaleesiTheCryptoLady
Can you share to us Crypto Puzzles tokenomics? How much is the total and circulation supply of your tokens? Will there be a buyback system or token burning in the future?
The Captain | [No DMs]:
Please refer to our 1 pager that was posted earlier.
Q4 from Telegram user @Mamitabella
When you launch gone on the exchange DEX how many X you expect a x 100 x20 what chances are there of a x 500 Sir tell me ?
The Captain | [No DMs]:
We don’t like to speculate. markets will be markets. but hope to the moon ser!
Q5 from Telegram user @Tony253210
Crypto puzzle is one of those projects that allows have fun at the same time that your are making profits, I really like it, but how many puzzle can I solve in one day? much as I can pay?
Stas Varetsky:
Yep, the amount of puzzles you can solve is limited by the amount you have purchased.
Also, a side note. we have an amazing referral program, where you get 10% from every sale made from your ref link!!!
Q6 from Telegram user @Xusuo
Crypto Puzzle has 2 native token $CPTE & $CPTB.could you please explain the detail what are the use of those token except to buy your product ‘jigsaw puzzle’? Is there any other use for example like stake, farm, or for governance system?
The Captain | [No DMs]:
As highlighted earlier, the token is used as a payment token to purchase puzzles and at a later stage artists and influencers will need to stake their tokens to mint puzzles that they can sell to their communities. effectively these tokens will act to moderate their behavior and reputation in case they create inappropriate content, we can slash and burn their tokens.
Q7 from Telegram user @lukacy
On the website, i saw range of prizes for different number of winners. Apart from solving puzzles, is there any other features on crypto puzzle like making the puzzle more difficult, challenges between players and others?
Stas Varetsky:
On day one there will be only puzzles of the same difficulty. We are planning to add challenges and ranking in future updates.
Q8 from Telegram user @K2ice
Who will be in charge of creating puzzles for your platform?
The Captain | [No DMs]:
We don’t create the puzzles, it fully automated that is done on the backend on the respective chains and we use chainlink randomizer to keep it decentralized.
Q9 from Telegram user @cryptofollower
First of all congratulations for this unique idea of gamification this system, it is really genius. Stepping aside from its puzzle characteristic, I see a lottery where people buy a puzzle for CPT tokens, extract the private key and win CPT tokens. May I learn what is the price of CPT tokens for each puzzle? Also another important thing is knowing that only one person will get the big reward of 400,000 CPT, which token reward will pay off for itself?
Stas Varetsky:
Every puzzle will cost 1000 tokens
Actually, on day one there will be 5 big rewards in circulation. and every 10K sold cycle we will add a new big prize to the system.
Q10 from Telegram user @Antoni_azx
I could see there’s no refunds when an user can’t complete a puzzle, do you give a time lapse to complete it or does it have an expiration date? What do you do with these funds that are not refunded?
Stas Varetsky:
We do not have any time-lapse to complete the puzzle, so there is no expiration day. And we do not have access to sold puzzles(private keys)
this means those tokens will just be locked on wallets.
Part 3 – Quiz Results
In the final part, we tested your knowledge in terms of Crypto Puzzles. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
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