Mary | Satoshi Club:

Hello again, Satoshi Club! We are happy to announce our AMA session with Hardcore by DGVC! Welcome to Satoshi Club😀

D| Satoshi Club: Hello everyone 😇

Paul «The Khal» Scott:

Hi and thanks for having us!

D| Satoshi Club: Hello! Welcome to Satoshi club!

Mary | Satoshi Club:

Hello, Paul, happy to see you here👍 How are you today?)

Paul «The Khal» Scott:

Top of the world – it’s a great day to be alive! My colleague @fraserbrown_org is blocked folks Please add him too, thanks!

Mary | Satoshi Club:

Great👍 and now we will help your colleague)

Serg | Satoshi Club:

Just added

Mary | Satoshi Club:

Thank you 😊 You’re welcome 😀

D| Satoshi Club:

Woohooo! 🥳 @fraserbrown_org welcome!

Paul «The Khal» Scott:

Let’s ggoooooo

Mary | Satoshi Club:

And now, when everyone is here, let’s start with the intro😀

Fraser Brown:

I’m an Engineer with an MBA, went on to represent Ireland in the Olympics. Then had a diamond business in New York before getting back to tech (I was a strategy consultant post MBA). Helped conservation organisations with innovative finance for four years before going full Ethereum and Degen. Could you, please, introduce yourself and tell us how did you start with Hardcore by DGVC)

Paul «The Khal» Scott:

My background is largely in Financial Services. I rose through the ranks in banking to become a Group Treasurer.

For the last 8 years I have been working with disruptive technology, and now full time on Blockchain! IT has been a very exciting journey for the last 5 years for sure.

Fraser and I have been working on the concept of Degen.VC for a couple of years now — we’re happy to bring our ideas to the market!

Mary | Satoshi Club:

Oh, I like diamonds😂 do you still own some?😂 And how do you feel full time here?)))

Fraser Brown:

A few;😀. loving the idea of NFT’s representing diamonds

Paul «The Khal» Scott:

Degen.VC was launched in mid-August this year, but the concepts have been worked on by the 2 of us for a couple of years. A video of the current version of our curation market can be found on our website — it shows how we integrate into Uniswap as well.

Mary | Satoshi Club:

Oh, I want this one😂 You can share it here😀

Paul «The Khal» Scott:

Hardcore feels like a natural progression for us. I’ll have to dig it out quickly!

Mary | Satoshi Club:

It feels like some kind of freedom)

Fraser Brown:

We have a plan

Paul «The Khal» Scott:

We spent quite a bit of time looking into the NFT market – we launched really quickly on the back of the success of Meme! But NFT’s are not enough, we think

Mary | Satoshi Club:

Yes, you have a lot of opportunities in this market 😀

Fraser Brown:

Degen VC has a token DGVC. If you are an LP holder you receive alphadrops ie. airdrops of innovative projects we launch with a big enough community we can get to the point where this alphadrop plus a Uniswap will find the market price and become a unique form of de facto venture finance

Mary | Satoshi Club:

Alphadrops sounds solid 😀 Thank you for the intros, guys👍 We have a lot of questions from our community and I think we are ready for them? Are we?)

Fraser Brown:

We recently launched an innovative DEX this way behodler.io. The governance token EYE was airdropped. We will liquidity mine in the coming weeks

Paul «The Khal» Scott:

We are ready!!

Mary | Satoshi Club:

It’s a part of Hardcore by DGVC?)

D| Satoshi Club: When binance?

Paul «The Khal» Scott:

No – Hardcore is a new project all on its own

Fraser Brown:

Deflationary tokens started becoming quite interesting when projects allocated a chunk of tokens to stakers over time as an incentive — but this allocation runs out obviously so these tokens lack longevity, especially if the token supply is hard-capped, which it should be.

FOT (fee on transfer) was the next step where the token itself was built to take a fee when transferred from one address to another. This fee can then be used to reward stakers. But the trouble with this is that the token often lacks utility beyond the FOT innovation itself, so the appeal is limited and volumes dry up. You saw that with ENCORE for example.

HARDCORE is a “beyond yield” token.

$HCORE actually gives its holders something beyond deflationary mechanics. The fees mount up and one degen gets an exotic car through mining the winning spot the ball NFT (like botb.com)

Mary | Satoshi Club:

Actually, it’s the main question 😂

Paul «The Khal» Scott: When Binance?

D| Satoshi Club: When moon?

Paul «The Khal» Scott:

HaHaHa

Mary | Satoshi Club:

Mary | Satoshi Club:

So, @Cool_as_Ice let’s shoot with the first question 😉

D| Satoshi Club: 

Q1 from Telegram user @klaus_crypto

How can you give the opportunity to become their own VC to people? To become VC you need a lot of money. Or are you doing some kind of pool?

Paul «The Khal» Scott:

What a great question!

Fraser Brown:

Alphadrops are an innovation in venture finance. A project keeps tokens, a Uniswap market finds their value, the project has funding. But this is a very basic idea. It is, in fact, how MEME launched. And Degen.VC

But bigger plans are afoot. DGVC-V2 will be an FOT (fee on transfer) token that generates revenue. Also through liquidity mining (which is a form of reverse ICO), we can incorporate token fundraising in our venture finance stack also

Paul «The Khal» Scott:

/done

D| Satoshi Club:

Ok, thanks for the answer! @madamlobster do you have any additional questions?

Mary | Satoshi Club:

Which fee on transfer do you have? Do you have numbers?

Paul «The Khal» Scott:

Yes, we do – we have settled on a value of 5% for the fee on transfer, but more importantly, it is how we plan to use this fee!!

Fraser Brown:

(this is for HARDCORE)

Mary | Satoshi Club:

And how?)

Paul «The Khal» Scott:

As Fraser says – this is for Hardcore… There will be 2 vaults…

D| Satoshi Club:

We here for Hardcore!

Mary | Satoshi Club:

Hardcore is the best)

Paul «The Khal» Scott:

NFTVault

The NFTVault is largely the NFT / meme idea — gather fees in order to, via a skill game in the guise of a spot-the-ball contest — win a Lambo! YES – A LAMBO IN REAL LIFE!!

LiquidVault

The LiquidVault is our innovation — the fees gathered in this vault can be claimed by anyone sending ETH to that vault. This means the person sending the ETH essentially buys HCORE tokens at a huge discount. The caveat is that the ETH and HCORE tokens are pooled, and this LP is locked for 1-month.

Paul «The Khal» Scott:

You read that right. Someone will win a Lambo that we will buy and ship to them!

Fraser Brown:

80% of HARDCORE tokens will be airdropped to the DGVC LP (buy DGVC, pool DGVC, get HARDCORE)

Mary | Satoshi Club:

Lambo soon😂

Fraser Brown:

Lambo very soon 😂  unbelievable

D| Satoshi Club:

First, buy DGVC then Lambo

Mary | Satoshi Club:

Thanks for your answers) let’s go forward to the next question?)

Paul «The Khal» Scott:

Yep, it’s that simple… And 80% of Hardcore tokens will be #alphadropped to DGVC LP’s

Mary | Satoshi Club:

It will be easy to recognize your user on the street 😂 they will have Lambos) Shoot the next, please, @Cool_as_Ice 😉

D| Satoshi Club:

Q2 from telegram user @HurricaneLad

The idea of winning EXOTIC CARS by just pooling $HCORE and mining NFTs is unbelievable, please can you make it believable for me?

Comment from @sspurss : this question is so funny that I had to select it 😀

Paul «The Khal» Scott:

LOVE IT!!

Fraser Brown:

Hit the guys with the Math Khal Paul

Paul «The Khal» Scott:

Incoming!!

Mary | Satoshi Club:

Yes, we need math😂

Paul «The Khal» Scott:

Here’s how simple it is… When HCORE trades $10-15M in volume, someone wins a LAMBO… This image explains it all

Depending on the % going into the NFTVault, depends on “when Lambo”… Simple as that, really

Fraser Brown:

Spot the ball contests are provably popular. On top of this, players get to park their money in a provably robust deflationary system. We think “beyond yield” is the next thing. We think it’s game on

Mary | Satoshi Club:

Which volume does it have now?

Paul «The Khal» Scott:

It is not yet launched…check our website hcore.info It has a countdown timer

D| Satoshi Club:

Still have time to buy some DGVC

Paul «The Khal» Scott:

EVERYONE still has time to 1. Buy DGVC; 2. Pool DGVC; 3. Wait for FREE HCORE #alphadrop! Still time.

Paul «The Khal» Scott:

Still time

Mary | Satoshi Club:

Where can we buy DGVC?

Fraser Brown:

https://app.uniswap.org/#/swap?inputCurrency=0x26E43759551333e57F073bb0772F50329A957b30

get em while they are cheap😀

Mary | Satoshi Club:

Do you plan to list it on another DEXs or CEXs?

Paul «The Khal» Scott:

We love Uniswap so much… It might take a while before someone can convince us lol

Fraser Brown:

We found with DGVC that eventually decent exchanges list you e.g. Bilaxy.

Mary | Satoshi Club:

It’s true😂

Fraser Brown:

But for every opportunity like this there are sales pitches from 40-50 wannabe binances LOL

Paul «The Khal» Scott:

True story – I get 5x per day @ least lol

Mary | Satoshi Club:

5x😂

Mary | Satoshi Club:

Yes, guys, it’s real crypto)

Paul «The Khal» Scott:

5 exchanges – but yes, why not DGVC 5x lol

Mary | Satoshi Club:

I feel the smell of a bull market) I think it’s easy) Ok, thank you for clear math😀 I think all our users counting now😂

D| Satoshi Club:

And waiting for Lambo.

Mary | Satoshi Club:

And we can go straight to the next question) of course, if everyone is agreed😉

Paul «The Khal» Scott:

ready

Mary | Satoshi Club:

Stop. Which color will be lambo?😂

Paul «The Khal» Scott:

Whatever the winner wants!!

Paul «The Khal» Scott:

As long as it is available that week 😂

Mary | Satoshi Club:

👍 ideally) @Cool_as_Ice 😉

D| Satoshi Club:

Q3 from Telegram user @mikenit890

An LP hodler can stake a maximum of 2.02 LP PER DAY to earn 1 point. You require 2 points to mint the NFT, so at maximum LP it will take 2-days. Does this imply that there is actually no limit to the amount of NFTs that can be minted, as long as the 2 points to mint the NFT is acquired?

Fraser Brown:

The spot the ball images is made up of coordinates that equate to pixels There is a limit theoretically. However viable ball positions will represent hundreds of thousands of points. Also, fascinating is the fact that people can sell the NFTs representing coordinates on a secondary market such as Open Sea

Essentially, when someone has enough points earned by staking LP they can mint an NFT that represents one coordinate we just staged a soccer match where our development team are and where I am now in Kyiv, Ukraine, with a team of photographers

Mary | Satoshi Club:

What😂😂😂😂 Kyiv, not Kiev)))

Paul «The Khal» Scott:

Rookie error 😂

Mary | Satoshi Club:

Ok, did you count how many chances to win has one NFT?

Paul «The Khal» Scott:

Only one NFT is the winner

D| Satoshi Club: Unforgivable mistake

Paul «The Khal» Scott:

A panel of judges will decide which NFT represents the winning position.

Mary | Satoshi Club:

What is a panel of judges?)

Paul «The Khal» Scott:

All completely transparent, just like Fraser and I whose profiles are completely public on LinkedIn, Twitter, and everywhere – no anon teams here!!

Fraser Brown:

Я згодна, Kyiv, а не Kiev))

Mary | Satoshi Club:

Чудово) рада, що ми порозумілися😂

Paul «The Khal» Scott:

Ok ok proved your points lol

Mary | Satoshi Club:

Great👍 happy to hear that everything will be transparent 😀 Ready to go to the next question?)

Paul «The Khal» Scott:

A group of independent people who will decide what the winning position is, and that position will = an NFT held by someone who will win a LAMBO!

Paul «The Khal» Scott:

Go

D| Satoshi Club:

Q4 from Telegram user  @konditer_rolex

I am one of the few people who read pinned messages in Discord. It was from there that I learned that you have several development teams. Tell us what products each team is working on now. And who are the teams from? Perhaps you involve freelancers to perform one-time work?

Fraser Brown:

I am mainly dev ops. I’ll pick this up. We had a team of two Kyiv devs for 4 years. But times change and recently we will have put together a team of 5 full-time engineers here: 2 UI, 2 Solidity, and 1 full-stack. Among them are two seniors with audit experience. Over in South Africa where Paul is we work with one Senior called Justin who is also the creator Behodler dap. He wrote most of the code for HARDCORE meaning that the second team can effectively audit and vice-versa

Mary | Satoshi Club:

International team😀

Fraser Brown:

Once HARDCORE is open-source those with dev experience will enjoy following the commits and will see how the interesting teamwork plays out

Mary | Satoshi Club:

Btw, you will do the audit by yourself, or will also involve the third part?

Fraser Brown:

We are nearly in a position to become a foremost DeFi launch platform. Wild times ahead. Amazing projects in the pipeline

Mary | Satoshi Club:

Nice hints) we live DeFi here)))

Fraser Brown:

Because Justin wrote the core contract and has no relationship with our Ukraine Devs that have senior audit experience, we will keep this under the umbrella of Degen VC, one will audit the others work

Mary | Satoshi Club:

It’s an interesting decision 😀 but it should work, I think😀 Thank you for your answers 😃

Fraser Brown:

I would never rule out 3rd party audits but for now, this solution serves as a robust audit by any standard

Mary | Satoshi Club:

Yes, but these questions are common) everyone cares about safety 😀 And about the safety of his Lambo😂

Fraser Brown:

Agree

Mary | Satoshi Club:

Do you have to add something or we can go to the next question?)

Fraser Brown:

When I was very new in solidity 5 years ago I would always use external audits. Now it’s slightly different and we are just fortunate with the makeup of the team right now

Mary | Satoshi Club:

You know, I am not sure about audit projects. Not so many we can trust.

Fraser Brown:

Audits should only be published on main-net deployed contracts. Otherwise useless

Mary | Satoshi Club:

Agree 😀

Paul «The Khal» Scott:

Our community insists I do that!!

D| Satoshi Club:

Now we know something new about audits, thank you for the answers! now let’s go to the next question!

Q5 from Telegram user  @jobel4

HARDCORE introduces new value-added staking rewards in the form of luxury goods — exotic cars, initially. This is amazing but this seems expensive and costly. So how will your platform manage to funds this kind of luxury item? Can you explain more about how to get this kind of reward by just staking in Hardcore?

Fraser Brown:

You might have seen what happened with Axion recently. Double audited code. A dev injected malicious code on deployment and was able to mint a massive amount of tokens and rug the project. Insane

Paul «The Khal» Scott:

I’ll handle that question

Mary | Satoshi Club:

It’s not just Axion… Yes🤦

Fraser Brown:

these are very good questions

Paul «The Khal» Scott:

The issue of creating value for token hodlers is one that is critical for us – there cannot just be a simple idea or utility for a token that drives adoption. And besides, every single crypto group you enter – people ask the inevitable “wen lambo” ; “wen moon”! We thought about this a lot – and decided that the fulfillment of the promise of “when Lambo” needs to happen – and why not let it be us that makes it happen! Yes, it is costly, but let’s use another statistic here…

When Andre Cronje (another South African btw) launched K3PR, it did almost $200M in volume on Day 1.

Mary | Satoshi Club:

You will reward just with Lambo?)

Paul «The Khal» Scott:

In Hardcore, this is 20 LAMBOS IN A DAY!!!

Mary | Satoshi Club:

Oh, yes, that was crazy)

Paul «The Khal» Scott:

So it’s not impossible at all, And no, not just Lambos

Mary | Satoshi Club:

Tesla?😂

Paul «The Khal» Scott:

The other portion of fees collected goes into a LiquidVault – where you can send ETH and claim HCORE tokens, at a massive discount! So it is, as Fraser says, “beyond yield”…

Many of our communities do not have the infrastructure lol!! All countries sell petrol…🤣😎

Fraser Brown:

The winner could sell the winning NFT on Open Sea. Now that will be wild

Mary | Satoshi Club:

Ok, let’s see, what you prepare for your community) we will follow your updates😀 i know some users, that are very interested in owning Lambo😂 Ohhh, want to see that😂

Fraser Brown:

It’s a marketer’s dream. Degens will ape in

Mary | Satoshi Club:

And we are close to the last question from this part 😃 ready?)

D| Satoshi Club:

Question number 6 is the last

Q6 from Telegram user  @cengizhantekin

For the NFT contest, once we comply with the requirements, we select coordinates. Then judges determine the position of winning NFT. So, how do they determine the winner, randomly or based on some criteria? Is there a possibility they select an empty coordinate or is it assured to select an occupied position? Finally is it technically possible that more than 1 degen select the same coordinates, if so, what happens when there is more than 1 winner?

Fraser Brown:

I’ll answer this. Spot the ball contests are a legally accepted variation on a lottery. As some of you will know blockchain lotteries have suffered from the hand of regulators.

One of the ways to ensure compliance is using judges to choose the winning ball position. I think this is to do with reinforcing the concept of it being a game of skill rather than chance. So, the judges will agree on which coordinate wins. We can read all of the NFT metadata and find the address which is closest to the winning formula. The NFT minting smart contract has been coded NOT to allow two people to choose the same coordinate. But as stated before there will be almost half a million realistic coordinate

Mary | Satoshi Club:

What the owner of NFT exactly has to do to participate? Only own?)

Fraser Brown:

The judges will probably publish the winning coordinate using a 5/6 gnosis safe (multi-sig)

Yes, own it. To claim, they will send it to us or, as mentioned before, they cold sell it. Imagine someone sold the winning NFT on OpenSea for $2.5 and it turned out to be worth 100000x this, that would be a bad days trading

Mary | Satoshi Club:

Can’t imagine, it’s near bitcoin pizza🤦

Mary | Satoshi Club:

🆗 I think it’s clear) if you don’t have anything to add we have the next part which can surprise you😉 It’s live questions part 🎊

D| Satoshi Club:

Thank you for the detailed answer! the first part of our AMA is over! the next part is ahead! we will open chat for 120 seconds and after closing, you will need to choose 10 questions! @fraserbrown_org @PaulScott5 sounds good?

Fraser Brown:

Unleash it.

Mary | Satoshi Club:

Let’s go 🚀