Do you like cats? Many of us adore them, but even if you don’t, you’ll love the project with which the Satoshi Club held AMA. Cats, Fights, Crypto – it is not a movie from Luke Besson, it is a Crypto project – Kitty Fighters.
Our guest: @Innovator256
Total Reward pool: $1300
In this AMA Recap we will try to summaries the most interesting points for you.
Part 1 — introduction and questions from the Telegram & Bitcointalk community.
300$ \12 users – 6 questions
Luis Merino 🇪🇸 | Satoshi Club: Hello SatoshiClubbers! Welcome to another AMA session with Satoshi Club 🙂 (Third one today) Our guests today are from Kittiefight @Innovator256 welcome! 😉
Mary | Satoshi Club: Hello again, Satoshi Club! Now we are happy to announce our AMA with Kittiefight! Welcome to Satoshi Club Kitties😉
Serg | Satoshi Club: @Innovator256, welcome to Satoshi Club!
Mary | Satoshi Club: You’re welcome @Innovator256 )
Innovator256: Hello guys, thanks for the welcome. Nice to be here.
Mary | Satoshi Club: Please, tell your story briefly) who you are, how you got into the crypto world, how Kittiefight appeared 😀 or it can be a long story) we like longreads)
Irina K. | @satoshi_club | Daily Rewards & AMA: Hi guys, glad to have you here 😊
Innovator256: I came into the Crypto space in 2010 as an entrepreneur looking for a viable micro-payment solution for the google app store alternative we build. I had stumbled on a video discussion with Gavin Andresen back then talking about bitcoin as this new payment system that would become the backbone for internet payments which was also not able to be controlled by entities like governments. This peaked my interest and I took the dive down the rabbit- hole.
Luis Merino 🇪🇸 | Satoshi Club: You are an extra early adopter of crypto 🥳
Innovator256: Yes, I am…and I have grown fur from many winter bear markets
Mary | Satoshi Club: You are a real rock)
Innovator256: By 2013, I had studied enough about crypto and with knowledge in application of Crypto-primitives for various software applications. So, in 2013 I wrote the first smart contract based mental poker protocol called pokereum, this was before Ethereum. The protocol was initially based on a platform called NXT… So now with the experience as an early adopter/investor in the “2.0” blockchain protocols (Mastercoin, Counterparty, NXT & Ethereum), I now strive to create and investigate new products in decentralized finance and with gaming and also leverage the trend in the emerging yield farming domain….
KittieFIGHT was born out of the necessity to bring the internet cat meme culture and cryptokitties to its logical conclusion.
Mary | Satoshi Club: Yes, I saw, that you are DeFi pioneers) you had this hashtag in your tweet more than one year ago) when it wasn’t ‘hot topic’
Mary | Satoshi Club: Ok, so your Kitties fighting? Hope they stay alive after fights?
Innovator256: Yes, for the Winner. The loser gets to pay some fees in KTY tokens and also sacrifice more nft kitties to a blackhole called KittieHELL if they want their loosing kittieback, which might be an expensive NFT.
https://www.kittiefight.io/about/game-overview
Mary | Satoshi Club: I see that we will question about this later) so, let’s leave the swittiest details for it) And one more question – why so long?
Luis Merino 🇪🇸 | Satoshi Club: Ops 🤭.
Please, can we start with the questions from the community? I’m impatient to see great answers about KTY :))
Innovator256: Ok no problem.
Mary | Satoshi Club: You developed your game for a long time?
Innovator256: The project is one of the most complex project in the Ethereum-sphere to date with multifaceted applications in Lending, Gaming UX, tokenomics design and incentives. Secondly, we had a rough ride with a lot of developers, no funding, winter-bear market and limited bandwidth from developers. We tried to raise funding during the bear market, but it was close to impossible then. But from the gaming overview its pretty easy to see how intricate and complex the project is : https://www.kittiefight.io/about/game-overview
Mary | Satoshi Club: Yes, I see. Hope this just made Kitties stronger😀 ready for the questions from our community?)
Innovator256: waiting.
Mary | Satoshi Club: Q1 from bitcointalk user nikola_crypto
Your token distribution even was supposed to be in the end of the September but it was delayed until October 5th. Could you please tell us more about the reasoning behind this delay? Has your smart contract been fully audited by a third-party?
Innovator256: it will be fully audited by the new date. The reason for the delay was a result of the need to make sure the yield farming smart contracts where fully secure. The Yield farming program is necessary to be in place before distribution is done to ensure that Investors enjoy the benefit of massive ROI from the market demand generated from the yield farming program and exponential price increase of KTY Tokens.
Mary | Satoshi Club: Can I still buy $KTY or auction is already closed?
Luis Merino 🇪🇸 | Satoshi Club: Were there any problems with the yield farming smart contracts?
Innovator256: There is an auction ongoing which sets the market price democratically, but it’s complicated to user for investors. So we are holding a discounted private sale for your members. With backing from . your members this will ensure that we thrive as a team with our launch plans an growth and that investors enjoy the massive ROI from our programs launching in a few days.
@qs1o1 will provide more info on this.
Nothing specific. We just had to double check our function routines and make them less complex, as you know with more complexity introduces more surface area for mistakes. Luckily tokenizing the yield farming with NFT futures made the system much more simpler.
Luis Merino 🇪🇸 | Satoshi Club: Got it.
Mary | Satoshi Club: @qs1o1 you are welcome 😃
Quicksilver© QS™: Here is the sales info for now 🙂 A last round 😇, before listing. Thanks for adding me 🙂
https://t.me/Kittiefight_ANN/69
Luis Merino 🇪🇸 | Satoshi Club: Next question then?
Innovator256: Yes sounds good.
Mary | Satoshi Club: Q2 from bitcointalk user linderm @nata_jakarta on Telegram.
Users visit kittiefight page and can register with a current cryptokitties address. Does it mean that the higher the price of the cryptokittie, the higher the chance to win?
Innovator256: The first part is right in terms of Cryptokitties NFT holding address. However, the chances of winning are entirely dependent of a fighting team/groups ability to bet ether in an increasing and frequent manner. So outcomes of fight are entirely based on strategic collaboration. Having an expensive or rare kittie NFT only means that your defense level in games is higher than a less expensive kittie NFT fighter. The details are in this friendly info-graph we have prepared for public : https://www.kittiefight.io/about/game-overview
Mary | Satoshi Club: Got it, so everyone will have a chance, just need to find right team)
Innovator256: Yep exactly
Mary | Satoshi Club: Where can I find another players? In your social media?) Tg, discord?
Innovator256: We have a marketplace so your fighting Kittie will be matched with an opponent automatically and in a randomly secure manner. However you do need supporters, like fans at a boxing match? these supporter coordinating action are critical to outcome of fight. I am sure teams will be using discord to coordinate better.
Mary | Satoshi Club: Nice, complex approach 😊. So, third question? 😊
Innovator256: Yep go on.
Luis Merino 🇪🇸 | Satoshi Club: I think we are ready.
Mary | Satoshi Club: Q3 from Telegram Username @Winterkom
How is the winner decided at Kittie FIGHT? If all NFTs are “equal” because they don’t have superpowers, how do you decide who wins? Is this election transparent?
Innovator256: The winner of the fight is the group that collaborate to bet in an increasing a frequent manner. So, the winner is the team that sustain the least amount of damage. You sustain the least amount of damage by being active in the betting process. The winner is selected algorithmically based on the frequency of increasing bets coupled together with the least damage sustained
Yes, the process is transparent and decentralized an implemented in smart contracts
Mary | Satoshi Club: These algorithms are public?
Innovator256: Yes very, For the technically inclined, please visit.
https://github.com/kittiefight/contracts/tree/dev/contracts/modules/algorithm
Luis Merino 🇪🇸 | Satoshi Club: Really nice! Will check It as soon as the AMA finishes.
Mary | Satoshi Club: Do you understand algorithms Luis Merino
?)))
Luis Merino 🇪🇸 | Satoshi Club: Not much, just curious about it 😅🤣
Mary | Satoshi Club: Great, that’s what everyone can check) of course if he understands algorithms).
Thank you for your answer) Do you have something to add or we will move to the next question?
Innovator256: lol ok got you.
Mary | Satoshi Club: Q4 from Telegram Username @AmirJosh
It is just a game but why do your Kittiefight game includes a kittiehell that will torture the loser kittie forever? What is the significance of this feature to the game.
Innovator256: Yes, this is indeed sadistically funny, but it also allows you to escape this forever torture chamber by paying fees in KTY and sacrificing other less worth NFT cryptokitties.
Mary | Satoshi Club: I don’t know if i have to cry or laugh)))
Luis Merino 🇪🇸 | Satoshi Club: I thought the same haha. That’s cruel 🤣 Poor kitties 🥺
Innovator256: Many people get same feeling. Cruel and unusual punishment.
Quicksilver© QS™: It’s like HellFire!! Lmao.
Mary | Satoshi Club: I think you will have volunteers which will save poor kitties with poor owners😂
I can be one of them😂
Luis Merino 🇪🇸 | Satoshi Club: Yep 😆 Q5? 🙂
Mary | Satoshi Club: Q5 from Telegram Username @fivestar4ever
In terms of payment, I will like to know what happens to those who loose their kittie forever in a fight, will there be any form of compensation for the person who owned the kittie that was lost?
Innovator256: For our release in November 2020, all players loosing Kitties without paying the “redemption fee” or “fee and sacrifice” will just suffer the loss for now. We have planned upgrades in future iterations where we reward losers with a few KTY tokens, once the Market cap of KTY is well over $500 million
Mary | Satoshi Club: I like this) it will muffle pain from loosing)
Luis Merino 🇪🇸 | Satoshi Club: 500$ million! Great amount :))
Innovator256: Yes a viable goal once we have a community in place ( which is growing exponentially) together with limited market supply on market an ungodly demand pressure from games and yield farming.
Luis Merino 🇪🇸 | Satoshi Club: You’ll see Satoshi Club Effect today and in the next days… 🙂
Mary | Satoshi Club: So, it’s near, I mean November)
Innovator256: Yes, the platform is ready to be deployed even now. But we need to audit some important components to keep the system and user funds safe.
Mary | Satoshi Club: Yes, safety first👍, with all this recent hacks i understand why you choose such scenario.
Luis Merino 🇪🇸 | Satoshi Club: Next Q6?
Mary | Satoshi Club: And the last question from this part?)
Q6 from Telegram Username @Claude101
Can you explain further why there was a delayed distribution of the token wherein, investors may or may not trust you anymore because of what happened? What you will do so that investors will still trust KITTY?
To be honest, I saw some replies in twitter and as i understand users are ready to wait for the safe launch 😀
Innovator256: I know, no one wants us to launch a burning boat right ? 😅…We rather make people uncomfortable for a few days and laugh to the bank later.
We will list KTY and launch the yield farming program an distribute tokens on one day, The ROI enjoyed from the token demand should ease things for investors. As far as trusting us, we have a track record as veterans in this space, we are open and transparent and in it for the long term to bring the planned success of this project into fruition.
Mary | Satoshi Club: Right👍😉 it’s just few days).
You are planning to list on Uniswap, of course?)
Innovator256: Yes, we are listing on UNISWAP and then we have a surprise exchange listing coming up. This will be announced in a few days.
Mary | Satoshi Club: Great👍 patiently waiting for announcements 😉
And now we are ready for the second part of the AMA) aren’t we?
It will be live questions from our community)
Part 2 — live questions from the Telegram community
300$ \ 15 users – 10 in AMA, 5 in an article
Q1 from Telegram User @Nickkiii
Kindly explain how the VOLCANO KittieFIGHT YIELD FARMING PROGRAM works and how to participate?
Innovator256: We have a liquidity mining program setup called “volcano yield farming” you can add liquidity on UNISWAP for the token pairs we support and then locked the liquidity tokens generated from adding liquidity on uniswap, in our yield farming program to earn even more KTY and SDAO tokens ( our DAO: https://www.kittiefight.io/about/kty-dao-token ). When you lock LT on our platform, additional NFT’s are generate for you which represent your current position and future earning potential, these can be sold on opensea or other markets
Q2 from Telegram User @cengizhantekin
Why should I connect my wallet with KittieFight, what does it provide? Isn’t it risky for me in terms of privacy and security?
Innovator256: All our contract are open secure and work on the ethereum decentralized blockchain. Our contracts and website are completely safe as we work more than 1000% to make sure that we deliver high value to users. That said, make sure that when you are participating in our programs that you are visiting https://www.kittiefight.io and not another copy
Q3 from Telegram User @iam12312
As I see, 65% of the KTY tokens are locked up in Treasury, Can You talk about the reason behind locking 65% of the tokens?
Innovator256: we want an extremely limited supply on the market, with the ability to potentially more supply into the market if KTY price becomes too exponentially high
Q4 from Telegram User @BlancaSdF
When I put my cryptokittie to fight, in any certain circumstances can I offer a truce or surrender?
Innovator256: its always a fight to death 🙂
Q5 from Telegram User @Winterkom
Can anyone with a CryptoKittie participate in Kittie Fight? Besides of the NFT do we need any amount of ETH or KTY
Innovator256: anyone can participate even without owning an NFT or KTY token, all you need to have to bet on an ongoing fight is a wallet like metamask and some ETHER. If the team you. are supporting wins then you get to claim back you betted ether and additional ether from the losing side
Q6 from Telegram User @ Kargil1999
2key & kittieFight did a Opertional Partnership, What service does 2key provide to Kittiefight Community?
Innovator256: 2KEY has guaranteed some liquidity provision to the KTY-2KEY Token pool on UNISWAP, this is a great partnership initiative which will bring great demand to both community tokens.
Q7 from Telegram User @jpsarmah
In Community Pre-Sale Round 2, we send our ETH to get our KTY+SDAO. Why only ETH and not stable coins also? When will I get it after paying ETH?
Innovator256: Participators in this round will also get SDAO tokens as bonus, for support. SDAO tokens are useful for ETH staking rewards in kittieFIGHT Games
Q8 from Telegram User @tungvodoi206
According to coinmarketcap last month, KittieFight ranked 8th in the top 10 DeFi Lending Platforms in 2020. What is the unique point you bring to be able to stand in this position? What do you need to do to get a higher ranking?
Innovator256: We will be eventually be number 1 due to the High compounding interest earning possibility earned by lending to KittieFIGHT games. No lending protocol so far is able to guarantee +100% interest on money locked up to be lend. we were able to empirically generate +200% to lenders in our testnet games and we are very confident more interest will be generated when we launch to main net in November 2020.
Q9 from Telegram User @Idee01
Why did KittieFight make use of Aragon DAO for its decentralized governance? What incentives are available for members of DAO and how do they create a decentralized ecosystem?
Innovator256: Because Aragon DAO codebase and product suite is the most time-tested active community for now. Its also very modular and easy to augment. They actually built the system we intended to build ourselves. DAO members can earn week ETH passive income by locking SDAO in the KittieFIGHT dapp, they can also vote on changes on the direction and development on the KittieFIGHT dapp itself.
Q10 from Telegram User @King_Raja
As I see your Yield Farming Program has partnered with multiple DAO based communities,
What is the reason behind it?
What community tokens are used in your yield Farming Program?
Innovator256: Some of our community tokens are ; (ARAGON) ANT, (MAKERDAO) yDAI, (YEARN) yYFI, yyCRV, yaLink, (aave aLend/ $Aave, (SYNTHETIX) aSNX, yETH, aYfi ,(2key) 2key, (GNOSIS) GNO, AND UNI (Uniswap). This allows us to tap into potentially now +$5B USD worth of governance power and community growth
Mary | Satoshi Club: Thank you for your answers) and now we will ask @ciupidos to help us with Quiz part)
Part 3 – Quiz
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Project Kittiefight. A link to a Quiz form were sent into the chat. Participants had 10 minutes to answer. 700$ were distributed between the winners.
For more information and future AMAs, join our Social Media channels:
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Russian Telegram group: https://t.me/satoshi_club_ru
Spanish Telegram group: https://t.me/satoshi_club_spanish
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Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/
Our partners: https://t.me/KittieFIGHT