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 Pollen and our guest was . The AMA took place on the 10th of December
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
Robocop | Satoshi Club:
Hello Satoshi Club community, I’m happy to be here with you
today our guest are @Seany_Bee @s_odo44 and @Mectors
Luis Merino 🇪🇸 | Satoshi Club:
Hello, SatoshiClubbers
Odo:
Hello Satoshi Club! Great to meet you all
Seany B:
Hey SatoshiClubbers!
Seany B:
GM
Maarten Ectors:
Hi everybody
Luis Merino 🇪🇸 | Satoshi Club:
Hello guys
Robocop | Satoshi Club:
Nice to meet you @Seany_Bee @s_odo44 @Mectors
Luis Merino 🇪🇸 | Satoshi Club:
Welcome to Satoshi Club
Seany B:
Great to be here
Maarten Ectors:
thank you for having us
Odo:
Thanks for having us!
Robocop | Satoshi Club:
Lets start our AMA , so excited
Robocop | Satoshi Club:
So What is Pollen DAO ? can you introduce to us for
those which still dont know
Seany B:
sure thing
Seany B:
we have a really cool trailer video, want to see it?
Robocop | Satoshi Club:
Absolutely
Luis Merino 🇪🇸 | Satoshi Club:
We love videos
Seany B:
video is on its way….
Seany B:
Seany B:
sound on!
Maarten Ectors:
Pollen is the first DeFi 2.0 truly decentralised asset management platform that is fun and easy to use. The community is in the driving seat and receives rewards.
Seany B:
With Pollen communities will be able to create asset portfolios and indexes together
Luis Merino 🇪🇸 | Satoshi Club:
Thank you for the video! Very colorful and descriptive
Odo:
Pollen DAO allows you to rest easy when thinking about your investments, with the peace of mind that there are outstanding traders managing the asset allocation 24/7
Seany B:
Other Index projects are quite centralised, with Pollen we have created a fully decentralised protocol where the community can trade together
Maarten Ectors:
Pollen allows people that are new to crypto to learn from the best and improve.
Odo:
We LOVE to harvest alpha, like we know so many in the crypto space do
Seany B:
The best portfolio managers will climb the leaderboard, and earn rewards for making great decisions.
Robocop | Satoshi Club:
Thank you for sharing this, its really great video
Luis Merino 🇪🇸 | Satoshi Club:
You have read my mind… I am not able to sleep well when market is crazy
Luis Merino 🇪🇸 | Satoshi Club:
Which means almost everyday
Odo:
Me and you both Luis!
Odo:
The hivemind
Luis Merino 🇪🇸 | Satoshi Club:
At least I am not the only one :p
Robocop | Satoshi Club:
agree with this
Seany B:
Shall we introduce ourselves?
Robocop | Satoshi Club:
yes please introduce about your team and Pollen DAO
Seany B:
My name is Sean Bond, and I am the CMO at Pollen DeFi. I’m really happy to be here today to talk about the project. Especially with the $PLN token launch less than one week away!
Seany B:
I have been in the crypto space as an investor, trader, DeFi user since 2015. Prior to joining Pollen DeFi I held the CMO role at Launchpool, where I built a team and helped launch 20 new projects into the market from that launchpad.
Seany B:
My professional experience is as a marketing strategist and communications planner, working in advertising agencies and for start-up businesses. I have 20+ years of professional experience under my belt helping businesses grow and recruit new users – everything from blue chips to start-ups.
Maarten Ectors:
Maarten Ectors, ex-chief innovation officer at the biggest UK investment manager, advisor to 2 of the biggest coin listings of 2021, de-consultant for a soon to be announced NTF and Metaverse user-generated content marketplace and last but not least leading the decentralisation of Pollen. My focus is on allowing the community to govern the product and designing the next version of the product in such a way that many parties can customise it.
Seany B:
So happy to be at Pollen – my happy place
Luis Merino 🇪🇸 | Satoshi Club:
Great background, Sean
Robocop | Satoshi Club:
Great ! your experience in crypto is really good
Maarten Ectors:
I presented on the first DevCon1 in 2015 where I met Slock.it, who I brought to Mobile World Congress in 2016 where they won the best IoT startup four years from now. Everybody else knows them as the people behind The DAO [$150M ICO of which $50M got stolen].
Odo:
My name is Odo, I work as Marketing Operations at Pollen. I do a bit of everything over here in the team, and I’m super grateful to be able to work in the Crypto space! I got into Crypto when my University finished last summer, which was the perfect time to be buying bitcoin ahah. I started working at Pollen around 2 months ago, and life hasn’t been the same since!
Maarten Ectors:
By the way the two were Casper Labs and Human Protocol.
Seany B:
Maarten is a huge asset for the Pollen project
Odo:
I used to work in consultancy, working with clients like Unilever, Spotify, Apple, Netflix and Gilette. But I am much happier now working in a more digital world
Luis Merino 🇪🇸 | Satoshi Club:
You are a late adopter, haha.
Welcome to the crypto fam
Luis Merino 🇪🇸 | Satoshi Club:
Those are huge companies
Luis Merino 🇪🇸 | Satoshi Club:
Thank you guys for introducing the project and yourselves. Do you want to jump into community questions?
Seany B:
Robocop | Satoshi Club:
Thanks for the great intro. We still have a lot of questions
to learn more about Pollen.
Luis Merino 🇪🇸 | Satoshi Club:
Please, share the first question of part 1
Robocop | Satoshi Club:
Q1 from telegram user @MudaraSilva
The Pollen Ecosystem has three types of users, Traders, Delegators and Communities. Can you separately explain about the opportunities available for each group on your platform? Which group will get the priority with more benefits? Moreover, I read that communities are yet to be introduced and smaller groups of users will be able to create their own asset pools after Pollen DAO goes live. Please give us more details about creating these small groups and forming asset pools. Are users permitted to create their own groups or does the platform automatically include randomly selected users in one group? Compared to using the ecosystem as an individual user, what are the advantages of forming groups?
Odo:
Of course, this is maybe the best part of what we’re building at Pollen, the community! Our traders will be able to reallocate assets held within an asset pool, with a view of that allocation being how they see the market best performing. Based on those allocations they submit to our protocol, we give traders a reputation score. This, combined with the amount of Pollen that they hold indicates how much weight their submission will hold when it comes to the final distribution of assets in the pool.
Odo:
Our delegators can then log on to the protocol, and instead of wanting to play with the asset allocation themselves, they can take a look at our leaderboard, which ranks our traders based on their performance and reputation score. These users can then choose to delegate their $PLN to the best traders on the platform, and will earn $PLN tokens for simply doing so! This in turn then means that those traders have more Pollen behind their desired allocation, making the weight of their submission even stronger! Traders will then share a fraction of those rewards that delegators have earned for providing their Pollen!
Odo:
Soon after we launch our mainnet, communities will be able to set up their own asset pools and add assets in there to their desire. Our goal at Pollen is to facilitate a bunch of different communities being able to take control of their own investments, and being able to share that feeling with others at the same time – whilst ensuring complete decentralization.
Seany B:
Odo:
Forming groups is advantageous because it means you have a team of users collecting alpha together, rather than trying to manage your investments on your own!
Seany B:
If you take a look at the image shared, you can see on the left someone managing a portfolio – re-balancing asset
Luis Merino 🇪🇸 | Satoshi Club:
What are the usecases of $PLN?
Robocop | Satoshi Club:
btw is there any benefit by have high rank on your leaderboard? do you prepare some reward or else?
Odo:
And as Luis says, we all like to sleep sometimes
Seany B:
And on the right – the leaderboard showing who the best performers are
Maarten Ectors:
Yes, being a leader means more Pollenators can delegate Pollen to follow you. If your portfolio gains then you get a percentage of all the gains followers make.
Luis Merino 🇪🇸 | Satoshi Club:
We are a family! All of us together are stronger than individually
Seany B:
There are great incentives in the form of $PLN rewards for the best performing traders
Robocop | Satoshi Club:
Understand, this is really good opportunity
Seany B:
And those who chose to passively delegate to the best perfoming will share rewards with them
Luis Merino 🇪🇸 | Satoshi Club:
So it’s a win-win for everyone
Seany B:
Pollen is a meritocratic DAO
Maarten Ectors:
Others can go to the leaderboard and learn from the best so everybody improves
Seany B:
That means skill at managing the portfolio is the most important thing. Not wallet size
Seany B:
So any skillful trader / investor can climb the leaderboard and earn $PLN rewards, not just a game for whales
Maarten Ectors:
Here you can see the leader
Robocop | Satoshi Club:
Yes, i always see game which whales always win
Seany B:
From out testnet… product will be launched in Q1
Maarten Ectors:
and see why
Seany B:
Final part of our response –
Seany B:
Pollen is an ecosystem
Seany B:
At launch there will be one portfolio and associated index to manage
Seany B:
However there is a governance process that allows for new indexes to be created
Seany B:
So a great trader or community leader might set-up a new index around a particular theme
Seany B:
For example a Satoshi Club Metaverse index!
Maarten Ectors:
If there are any members interested, please reach out and let’s make it real.
Luis Merino 🇪🇸 | Satoshi Club:
I think we are done with this question. Thank you guys for your answer. Let’s jump into the next one, so that we don’t cover the ones that are coming now :p
Robocop | Satoshi Club:
Thank you for your detail answer. Would you like
to add something before the next question?
Luis Merino 🇪🇸 | Satoshi Club:
That would be AMAzing
Seany B:
hahaha
Seany B:
Let’s move on to the next question
Robocop | Satoshi Club:
Q2 from Telegram user @chinyere2020
Pollen is said to be the first of its kind decentralized, next-gen index where the community holds all the power. The $PLN token is the governance token of the Pollen ecosystem. Can you give more details about the governance mechanism in Pollen? How can users get the $PLN tokens? Will users have to hold a certain amount of $PLN tokens to have full governance rights? Will the governance/voting power of users depend on the the amount of$PLN tokens held by the user or will there be other factors that will determine the governance/voting power of users?
Seany B:
Great question. We will break into parts…
Seany B:
‘How can users get the $PLN tokens?’
Seany B:
The $PLN token will launch on Thursday 16th December
Seany B:
It will be on Avalanche network
Luis Merino 🇪🇸 | Satoshi Club:
As Jack the Ripper says…
Seany B:
And we will have a DEX and also (top secret!) a CEX available at launch
Seany B:
So that’s 2 places to get PLN on launch day
Robocop | Satoshi Club:
ah Satoshi Clubber always love secret
Seany B:
Before launch, there is an IDO
Seany B:
We will announce that later today in out Telegram and on twitter
Seany B:
https://t.me/pollen_dao
Seany B:
https://twitter.com/PollenDeFi
Maarten Ectors:
Regarding the governance mechanism in Pollen, we want to extend what is currently there in the alpha where anybody can make a proposal and vote on them to allow Pollenators and index investors to use the same mechanism to define everything from which assets to add, rewards, index token mechanisms,…
Seany B:
Follow us and we will announce the IDO partner later
Seany B:
(today!)
Robocop | Satoshi Club:
Dont forget to follow Satoshi Clubber ,don’t miss this opportunity
Luis Merino 🇪🇸 | Satoshi Club:
Yes! But we love to know them
Odo:
The amount of governance power that users of our platform possess does depend on the amount of $PLN that they own, but that is not the only thing contributing to the level of governance. As we mentioned before, traders are given a reputation score based on their individual performance. This reputation score not only helps us rank these traders, but it also plays a role in our algorithm when we decide how much weight their submission will hold when it comes to the final allocation of assets.
Traders will also be able to possess more governance rights based on the amount of $PLN tokens that are delegated to them by our more passive users.
Odo:
RE: ‘Will the governance/voting power of users depend on the the amount of$PLN tokens held by the user or will there be other factors that will determine the governance/voting power of users?’
Luis Merino 🇪🇸 | Satoshi Club:
So, the more PLN, the more power
Seany B:
I hope that covers your question @chinyere2020
Robocop | Satoshi Club:
Thanks for your clear answer, do you want to go to next question?
Seany B:
Yes please
Robocop | Satoshi Club:
Q3 from Telegram user @Highpee
During your last visit to the club on February 9th, You told us that you are currently in alpha testnet and people can start to sign up for early access. You also promised to publish a detailed roadmap and elaborated technical documents including a whitepaper. Can you feed us on how far progress you have made since your last visit? Also, I discovered that you are yet to publish the whitepaper and roadmap as promised. Are there any technical details that you are still sorting out? And lastly, I checked your website and I discovered that it is still saying that you are in alpha testnet stage and users can still sign up for early whitelist access. Is it according to project plan for you to be in alpha test stage since February? Is there any estimated period when MainNet will finally be live?
Luis Merino 🇪🇸 | Satoshi Club:
I think it does
Seany B:
Thanks @highpee
Robocop | Satoshi Club:
From old fans of Pollen DAO
Seany B:
OGs!
Odo:
Gotta love the early community!
Luis Merino 🇪🇸 | Satoshi Club:
But of course you love the late ones too, right?
Seany B:
We have closed the Alpha, and the Beta is close to deployment. We will announce the dates for Beta after listing
Seany B:
We have plans in mind for those who participated in early testing, but can’t reveal too much today
Seany B:
Safe to say, we will always look out for our early community members and contributors
Robocop | Satoshi Club:
Another secret need to reveal
Seany B:
In terms of whitepaper, we have updated to reflect the Beta, and this will be released in the near term
Seany B:
It will have all the technical info you coudl ever want!
Luis Merino 🇪🇸 | Satoshi Club:
Please remember to share it with us as soon as it is live
Maarten Ectors:
Beta and mainnet for Pollenators both planned for Q1.
Luis Merino 🇪🇸 | Satoshi Club:
Can you please share your roadmap?
Seany B:
Our roadmap has recently updated to include deployment on Avalanche
Seany B:
And we will follow up with deployments on other EVM chains
Maarten Ectors:
First Pollenators, afterwards delegators, finally community-driven indexes.
Odo:
The holy trinity
Seany B, [10.12.2021 13:46]
We will be refreshing this graphic in the coming days to reflect those deployments which we announced last night
Seany B:
Drop in to Hvemind on Telegram and you will see the update as soon as it goes up
Luis Merino 🇪🇸 | Satoshi Club:
Thanks for sharing, Sean
Seany B:
Hopefully that covers the question!
Robocop | Satoshi Club:
Yes thats detail answer, let go to next question
Luis Merino 🇪🇸 | Satoshi Club:
SatoshiClubbers, go join now
Luis Merino 🇪🇸 | Satoshi Club:
Of course it does
Robocop | Satoshi Club:
Q4 from Telegram user @ysasoma
$POLLEN and $PAI, are the tokens that are related to Pollen Defi, so, could you share the characteristics of both $POLLEN and $PAI, give us a brief description of their functions within the platform, explain us what are the benefits and opportunities for those who buy them, and tell us, what is the cost of $POLLEN and $PAI and what are your plans and strategies to implement to maintain an attractive value of both tokens in the long term and finally share with us, where can we acquire $POLLEN and $PAI for the first time and what are their contracts?
Seany B:
Thanks @ysasoma
Maarten Ectors:
$PLN is being staked every time you rebalance your portfolio or when you delegate $PLN to follow leading Pollenators.
Seany B:
lets break that down. We will focus first on $PLN
Seany B:
The Pollen ($PLN) governance token
The core utilities of the Pollen ($PLN) governance token are:
to allow users to actively manage a portfolio on the platform and, if they make good decisions, to earn $PLN as rewards.
to allow passive delegators to delegate their governance tokens to the best performing traders and share $PLN tokens as rewards for good decisions made.
Odo:
$PLN is our token that will be launching on December 16th
Maarten Ectors:
$PAI will be substituted by communities being able to create their own community-driven index with their own token. So instead of one Pollen Asset Index token, there will be many community-driven index tokens.
Maarten Ectors:
Rewards for Pollenators come in both $PLN and index tokens.
Seany B:
Users will ‘stake’ their $PLN token into the protocol to actively manage portfolios to try and get on the leaderboard, or or delegate to the best performers
Seany B:
As new indexes are launched there will be more places to stake $PLN
Robocop | Satoshi Club:
by the way can you share the tokenomics info?
Luis Merino 🇪🇸 | Satoshi Club:
Just 6 days left
Seany B:
Yes, here are the tokenomics
Seany B:
File : Pollen_Tokenomics_26th Nov 2021.pdf ]
Maarten Ectors:
Anybody will be able to buy $PLN, both if you are crypto savvy as well as if you are not. We will announce how this will work soon.
Maarten Ectors:
Index tokens will reflect the combined value of the assets, so its value will go up and down with the value of the underlying tokens.
Luis Merino 🇪🇸 | Satoshi Club:
Very visual. Thank you for sharing
Odo:
Decentralising finance means giving everyone a chance to get involved, regardless of their market knowledge, and earn returns in the crypto market. Soon even your grandparents will be asking about Pollen
Maarten Ectors:
Everybody can be a Pollenator
Luis Merino 🇪🇸 | Satoshi Club:
It would be funny my grandparents asking me about crypto
Robocop | Satoshi Club:
yes agree with you
Luis Merino 🇪🇸 | Satoshi Club:
Thank you for your answers. Next question?
Seany B:
yes please
Maarten Ectors:
Yes please
Odo:
Bring it on!
Robocop | Satoshi Club:
Q5 from telegram user @Cheriemike
Come Q1 2022, Pollen will be having two programs on its platform,First is the “Community Investment Program” and Second “Bug Bounty Program”.So can you first elaborate more on the “Community Investment Program”?What will this program feature?As for the Bug Bounty Program having this on your platform shows how security is the number one priority of your platform.So can you give us more details of this program?What will be the reward earned for those who find a bug in your platform?How long will this program last?What will be the criteria to join the program and also state the examples of issues you are looking out for?Please kindly explain to us the structure of both programs Thanks
Seany B:
“Community Investment Program”
We are going to announce this after listing….
Seany B:
We will be re-launching the Pollen Discord
Seany B:
And creating a program of educational content – with guests, interviews, Q&As, – to bring the hivemind together around their favourite topics
Seany B:
TA, FA, investing, on-chain data, portfolio management principles
Seany B:
We will be investing in raising the financial IQ of our community, because the sharper we all are, the better the portfolios and indexes will perform
Seany B:
A rising tide raises all boats!
Seany B:
Maarten can share info on the big bounty
Seany B:
Bug lol
Maarten Ectors:
Security is super important to us. The bug bounty program will focus on rewarding anybody who finds security related issues. The plan is to open source the next version and allow many eyes to spot any mistakes. Details on how the bug bounty program will work, will be shared soon.
Odo:
Don’t mind me i’m just stealing this GIf for my own use
Robocop | Satoshi Club:
Well speak of security, do you already audit?
Luis Merino 🇪🇸 | Satoshi Club:
Enjoy it
Maarten Ectors:
All code will be audited before any mainnet launch.
Maarten Ectors:
We will share the audit reports.
Robocop | Satoshi Club:
Understood, well do you want to add something or we can go to the last question from part 1
Seany B:
Ready for the question
Robocop | Satoshi Club:
Q6 telegram user @iceVermithraxx
Extreme hyperinflation in some token economics saw some projects emit their entire governance token supply within weeks and these distributions concentrated the voting power among a handful of actors and the governance functions were tended to be limited at best. Can you explain how Pollen’s POLLEN governance model addresses such issues and ensure that Governance right are not limited, and are evenly distributed among its community members? I also understand that Pollen offers incentives for community member participation, can you share some of the activities that will make a community member eligible receive these incentives?
Seany B:
The Satoshi Club ask great questions!
Seany B:
Thanks @iceVermithraxx
Seany B:
That’s a big question, let us break into chunks
Luis Merino 🇪🇸 | Satoshi Club:
They are experts on that
Seany B:
We have made sure to learn the lessons from the DeFi summer projects, and have a really high caliber team working on the token emissions
Seany B:
Here are some of their bios….
Seany B:
Dr. Theodosis Mourouzis
Cryptography & Game Theory
Dr Theodosis (Theo) Mourouzis is a cryptologist and information security professional with strong interests in both academia and industry. He holds a BA/MA in Mathematics and a MSc in Pure Mathematics from the University of Cambridge, a MRes in Security Science and a PhD in Information Security with Specialisation in Cryptography from University College London. He was the first recipient in the UK Cyber Cipher Security Challenge in 2013.
Theo is Managing Partner of Electi Consulting, a consultancy specialising in Blockchain, Cryptography and Artificial Intelligence. He is also Industry Associate at UCL Centre for Blockchain Technologies, Expert in Residence at the Institute of Innovation and Entrepreneurship at the London Business School and Blockchain Mentor for the Entrepreneurship at University of Cambridge Judge Business School.
He has extensive experience working with governments, leading companies and organisations Lloyds Bank, US Navy, MSC Shipmanagement, Technology Strategy Board (TSB), Centre for Defence Enterprise (CDE), European Central Bank (ECB) and many others. He is also acting as Blockchain technical expert for the European Commission in regards to Blockchain projects. He has worked for successful blockchain projects such as crypto20, qredo, orakuru oracle and many others.
Seany B:
Dr. Frederico Teixeira
Financial Modelling
Frederico is a Mathematician and holds a Ph.D. in Computational Modeling from ETH Zürich. He accumulates over 15 years of experience in the numerical solution of partial differential equations, high-performance computing, optimization, uncertainty quantification, meta-modelling, and machine learning. Nowadays, he is focused on research in the financial markets and DeFi sectors.
Seany B:
Dr. Stylianos Kampakis
Protocol Design
Stylianos (Stelios) Kampakis is a Data Scientist and part of the Pollen DeFi protocol design team. Stelios has been involved in data science and artificial intelligence for more than a decade. He has a diverse scientific background that includes a PhD in Computer Science, as well as degrees in AI, statistics and psychology, giving him a unique perspective in the world of technology. He’s written a book on data sciences, is a member of the Royal Statistical Society and UCL Centre for Blockchain Technologies, advises for the London Business School, and mentors at Cambridge University’s Judge Business School.
Seany B:
You can see that we have built an incredible brain trust to tackle those questions
Seany B:
So we can reassure that the governance tokens will be distributed over a long period
Luis Merino 🇪🇸 | Satoshi Club:
Please give us a second to digest all this info
Seany B:
Of course!
Seany B:
Hopefully it is reassuring to see the people tackling these challenges from a data sciences and mathematical perspective. These guys work hand in hand with our development team and product design team to think through all the possibilites.
Maarten Ectors:
Regarding the incentives for community member participation, awards will be driven by reputation. The better your portfolio is rebalanced, the more rewards. If Elon Musk joins tomorrow and performs worse than Satoshi members rebalancing their portfolio, Satoshi members will reap the rewards. Superior investment knowledge is rewarded, not the size of your wallet.
Luis Merino 🇪🇸 | Satoshi Club:
Thank you Sean. Everything is clear for me regarding this answer
Robocop | Satoshi Club:
You really have great team working there,, all really profesional
Seany B:
For further depth, you are welcome to come to our Telegram and get into the detail there
Luis Merino 🇪🇸 | Satoshi Club:
I love that. So that little shrimps can have the same or even more power than whales
Robocop | Satoshi Club:
Thanks for your answers,
it has been an amazing time in this first part of the AMA
Luis Merino 🇪🇸 | Satoshi Club:
We are opening the chat now, so that our SatoshiClubbers can ask their best questions.
Robocop | Satoshi Club:
Are you ready for the biggest storm of question in Satoshi Club ?
@Seany_Bee @s_odo44 and @Mectors
Seany B:
wonderful!
Seany B:
Bring it on
Luis Merino 🇪🇸 | Satoshi Club:
Please, get ready and open your umbrellas. A huge rain of questions is almost here
Luis Merino 🇪🇸 | Satoshi Club:
Ready…
Luis Merino 🇪🇸 | Satoshi Club:
Steady…
Luis Merino 🇪🇸 | Satoshi Club:
Go!
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Nensam:
I see “hive- mind” attached to the project name. What does that mean?
Seany B:
Pollen is a community driven platform. The community create and manage the portfolios and associated indexes.
It is the sharing of alpha and strategies by the community that drives the success of the indexes. The hivemind is how we describe this co-operation for mutual gain
Q2 from Telegram user @Ajpaa :
How do you track the performance of community members and there different reputation levels? How do you ensure that voting power is delegated to the most deserving and how are this delegates rewarded for active governance participation? Lastly what’s the difference between Individual Delegation and Group Delegation?
Maarten Ectors:
Each rebalancing of your portfolio is an opportunity to gain rewards. The more rewards, the higher your reputation. The more followers delegating Pollen to you, the more rewards. The next version will have sliders where individuals can rebalance their portfolio, no longer the current voting system. Delegation can be done in two ways: delegate into a specific Pollenator or towards the top Pollenators
Q3 from Telegram user @LuisPagulayan:
Due to panic selling, market has been unstable lately. How do you assure that Pollen DeFi can manage this kind of situation? How do you plan to launch your token and your NFTs (if you have)? Can anyone stock or hold it after your launch dates? How will it be possible?
Seany B:
The portfolios are actively managed, and will be rebalanced dynamically. That means the community react to market conditions. This helps to keep the indexes stables, as risk can be added or taken off
Q4 from Telegram user @ysasoma :
Pollen has a delegation model, which I understand is for users who do not have time to suggest and vote on the proposals made by the most active traders on the platform, but could you tell us how this delegation works, what problems they want to solve by implementing it and how users are encouraged to participate in it?
Odo:
This is correct, we do have a delegation model! Users who just wish to delegate their Pollen, simply just have to log onto our dApp by connecting their Web3 wallet, stake their Pollen and then they are able to delegate to whichever traders they wish to! One could even just look at the leaderboard, and see who the best performer is and delegate all their governance to that one trader if they wanted.
The problems this solves speak for themselves. In a traditional fund, the operation is only ran on a 9-5 basis, opening up opportunities to lose a ton of money when those fund managers aren’t on the clock. With Pollen, your assets will be managed 24/7, on a decentralised platform, meaning that you can rest easy when it comes to the management of your investment. Users are encouraged to delegate their Pollen, by simply earning Pollen rewards to the best traders!
Q5 from Telegram user @Sulyvahn_DS :
Hello @Seany_Bee @s_odo44 @Mectors
You said that your core users are community members, who are well- versed in DeFi does that mean that newbies in crypto and defi will find it hard to use pollen ?
Odo:
Absolutely not. We want to make our platform as accessible as possible. We allow this by the implementation of a tool that means users who know little to nothing about crypto, can simply just delegate their voting power to more experienced traders, meaning they can trust that they are earning good returns whilst not having to worry about making any of the decisions. It couldn’t be easier for a newbie!
Q6 from Telegram user @highpee:
Hello Pollen
How can professionals traders and influencers set up BRANDED ASSET POOLS and how are these asset pools turned on for public utilisation which will allow them to earn community merit and tokens? What is required for such customised pool to be launch in the hive?
@s_odo44
@Mectors
@Seany_Bee
Maarten Ectors:
The idea is that a community can create new asset pools or indexes together. Any pollenator rebalancing the assets in those indexes will earn Pollen if their suggestions make the value grow. In addition Indexes will be able to reward the Pollenator community a part of their gains. We are currently working with some communities on designing branded asset pools or indexes which have their own token. Any community who has many members should reach out so they can co-design the best solution for their community.
Q7 from Telegram user @benio3 :
There is a huge hype on NFT, metaverse industry, will POLLEN DEFI build such feature or have an NFT marketplace in its ecosystem?
Seany B:
Great question. Pollen will always be at the heart of hot topics and sectors within crypto.
For example, communities may launch a metaverse index featuing projects from that space in the basket.
or a well known community leader from twitter or YouTube may set-up an NFT project filled basket and associated index
In that way, Pollen will always be participating in key market trends and growing with the hype
Q8 from Telegram user @sucrez :
I need to know. What are the asset pools that can be found in the Pollen Defi dApp?
Odo:
To begin with, we will just start with one asset pool, just to get the ball rolling. This is what was originally going to be called $PAI, but news on renaming that will come soon.
Soon after launch, all types of asset pools will be available. One could be for GameFi, one for DeFi, Memecoins, Microcaps, Metaverse – you name it! We could also have community/influencer based funds e.g. the UpOnly Asset Pool or the Bankless Asset Pool
(disclaimer: we have not spoken to UpOnly or Bankless)
Q9 from Telegram user @benio3 :
Now Metaverse/NFT is booming, do you think Defi will be totally forgotten soon?
Maarten Ectors:
Why not create indexes which reflect the top metaverse, NFT, GameFi, or whateveristhenextbigthing tokens. Pollen wants to enable experts in the future to show their superior skills and allow others to either follow them [delegate] or invest in their indexes.
Q10 from Telegram user @Rakshhitx5 :
Hey .Can you tell me What are delegators in Pollen? Whom we call the Delegators?
Seany B:
Want to earn a yield from being part of the portfolio management, but don’t have the skill, knowledge or time to actively manage the portfolio?
You can passively delegate your $PLN governance tokens to those with the best track record. You will share the rewards they earn for making good decisions.
A delegator is someone who decides not to chose how assets should be balanced in a portfolio, but instead chooses the best performing traders / index managers they wish to delegate their PLN tokens to
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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