Poolz x SatoshiClub AMA from 25 October

Poolz x SatoshiClub AMA from 25 October

And here we go with new series of AMAs in Satoshi Club! Today we would like to tell you about the AMA session with our friends from Poolz. The AMA took place on October 25 and our guests were Guy Oren, Liam Poolz and Stan.

The total reward pool was 1000$ and has been splitted in 3 parts.

In this AMA Recap we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Mary | Satoshi Club: Hello, Satoshi Club! We are happy to announce our AMA session with Poolz! welcome to Satoshi Club:grinning:

D. | Satoshi Club: hello all!

Liam Poolz: Hello everyone, great to be here 🙂

Guy Oren: Hi all 😊

Mary | Satoshi Club: Happy to see you here guys! Could you introduce yourself and tell us how did you start with Poolz?:wink:

Guy Oren: Hi, I will start with intro about Poolz. The idea of Poolz came up as our own idea, the founders participated in a number of early-stage token sales over the past few months. In some of them we have achieved good results in terms of ROI, and in others we get some “scams” and in this point we understand that the existing model has a few improvements to do. In this stage we “jump” to a deep research in order to investigate this issue and understand what exists in the market today, what the problems are and how we can make a better solution accessible to the ecosystem. and as said, the rest is history. Welcome to Poolz.

Liam Poolz: Regarding Poolz Founders, We are tech serial entrepreneurs with a history of working in the computer software and blockchain industry, personally been a crypto investor for over 6 years, and have gained a lot of connections and knowledge in the field. In his most recent role, he managed community engagement at Endor Software, a MIT based startup that raised over $ 50 million, including from the Google Founder VC.
Guy CEO: is a Serial tech entrepreneur and founder of 2 startup companies, which employed over 40 people. In his most recent role, Guy was the COO & Founder of Fokoya, A Fintech company that provides a gamification platform for the financial market based on P2P technology and operated across 60 countries. He is experienced in managing operations, go-to approach, P&L management and fast-moving environment.
Stan CTO: Experienced and out of box Founder and developer with a demonstrated history of working in the computer software industry. Skilled in Management and Strong business development working to bring the future closer. He loves cutting edge technology, and has entered the blockchain space in 2016, where he co-founded Cryptonex – Algo Trade.
His main focus is on Poolz Defi with helping build the first cross-chain decentralized environment architecture designed uniquely for DAO ecosystems.

Mary | Satoshi Club: How much time elapsed between the idea and the creation of the project?

Guy Oren: All started 4 months ago when we realise the problem with the existing model for fixed price token sale, and from there we jump fast in order to create Poolz and develop the platform.

Mary | Satoshi Club: That was fast:smiley:

Q1 from Telegram user @AmirJosh

I always read about the 2-layer protocol but your Poolz project have a layer-3 swapping protocol. Can you please explain how a 3-layer protocol works on your platform and its difference on a 2-layer protocol?

D. | Satoshi Club: but please, first of all, tell a bit about layer 2, what kinda possibilities and solutions this layer provides? 😊

Liam Poolz: Layer 3, is the place where general applications developed on the second Layer could be used for develop specific solutions. Using smart contract or atomic swaps or lightning networks for APIs, developers can integrate and build applications that serve a narrow and specific function. Decentralized Finance (DeFi) is one of the application built on the third layer, and here Poolz for this space we are aiming Poolz

Guy Oren: Layer-2, on the other hand, is an overlaying network that lies on top of the underlying blockchain. Layer 2 refers to a secondary framework or protocol that is built on top of an existing blockchain system.

Mary | Satoshi Club: It’s like specific solutions for specific solutions)))

Guy Oren: Lol. we can said it.

Mary | Satoshi Club: Ok, tell me in simple words – why Layer 3 is better for Poolz? Something will be faster, cheaper, safer? Or all of the above?)

Guy Oren: Or all of the above (:
Layer 3 allowing us build apps on top of the existing solutions and providing cost effective, cheaper abd faster soulition.
The Poolz code architecture is clean, modular, and decluttered. Following a minimalistic approach to code development, the platform ensures resource-optimization, such that only the essential data is anchored on the blockchain and in the best-suited format. Together, the practices ensure a perfectly balanced and minimal gas fee for transactions on the Poolz platform. As per the latest tests, the cumulative gas used for transactions was 284322, costing a gas fee of $23 (given, ETH = $350). we were able to lower the costs compared to our competitors in the market (75% less).

Thank you layer-3 (:

Mary | Satoshi Club: Oh, yes) that’s impressive :+1: Now it is clearer) numbers always speaks louder 😂

Q2 from Telegram user @Splendicity

I can see from your lightpaper that apart from DIRECT SALE POOL which we are familiar with,you also conduct TIME LOCKED POOLS.Please can you explain more on this time locked pool?

Guy Oren: Hi @Splendicity,
There will be two types of pools on the platform—Direct Sale Pools (DSP) and Time-Locked Pools (TLP).
Direct Sale Pools (DSP): These are pools without any lock-in period, where investors get the token immediately after the swap.
Time-Locked Pools (TLP): These pools have a predefined lock-in period and investors receive their swapped tokens only after the completion of this duration. Poolz’s smart contract will also enable pool creators to define custom lock-in periods, thus releasing the swapped assets incrementally. For instance, say, disburse 40% of the swapped tokens immediately and, after say 1 month, the remaining 60% in 6-equal monthly vesting.

Mary | Satoshi Club: So, DSP – i pay and recieve tokens immediately, in the case with TLP – i will receive tokens after lock up period, right?

Guy Oren: Exactly.

Stan:

Hi all, I’m Stan (CTO of Poolz). this is the full flow of the Poolz:

D. | Satoshi Club: great! this scheme clearly shows how pools work. thanks

Mary | Satoshi Club: It’s common practice for seed investors, as i understand. Which projects you see as competitors in this field?

Liam Poolz: One competitor who made great success within the last month is Bounce.finance”, symbol- BOT. The huge difference between us is that they can’t do cross-chain pools, but only ERC20 blockchain.

Mary | Satoshi Club: Yes) i know this project) did you already test cross-chain pools?

Guy Oren: Yes, at the moment we are working on new integration regarding cross chain solution. I believe we will announce it officially in the next few weeks

Stan:

I can add this here, about the cross-chain:

Mary | Satoshi Club: Don’t forget to share this info with us:wink: we like to hear such news)

Guy Oren: Deal. You will be the first to know.

Mary | Satoshi Club: Btw, with which blockchains you plan to work?

Guy Oren: We aim to providing fully-cross chain solutions. it’s mean that we are targeting the Blockchain (layer 2 solution) in the space. At the begigng we will start with the one and icrusing the numbers of integratsions during the time. As our code code design uniquely and already allow us to scaling our platform

Q3 from Telegram user @KevSalom

I read on your website that Poolz “provides an immediate cash flow option for promising projects”. My question is, what do you really call “promising projects”? Based on what metrics or data do you decide a project is worthwhile or not? Is it up to you or the community?

Liam Poolz: In the end, it is the investor’s choice in which project to invest. From our side, we aim to bring promising projects and make serious and professional DD. We are going to work with several ”labs” that will help us make DD better while selecting legit projects. Besides, our team will work with a reputable company that will do the audit for all the smart contracts of the projects that will raise money for our platform, and another step that will help minimize risks.

Mary | Satoshi Club: DD?)

Liam Poolz: Due diligence is an investigation, audit, or review performed to confirm the facts of a matter under consideration. In the financial world, due diligence requires an examination of financial records before entering into a proposed transaction with another party.

Mary | Satoshi Club: So, you will need several partners – for DD and audit, right?

Guy Oren: Yes. As Liam said , there are a number of tactics that can be used and intargre in our system in order to help investors make the right decisions.

Mary | Satoshi Club: Can you give us some names? Or it’s still on early stage?

Guy Oren: Yes, it is to early yet. We cannot show all our cards. But yes, we are on it and hope to ann very soon. Let’s keep someting to the next AMA (:

Q4 from Telegram user @apocan99

There is a Pool Status called “Out of Stock”. Why isn’t the pool switched to “Finished” status automatically when the tokens are sold out? Is there a chance for returning the tokens purchased during this period, so that the pool will be available again for other investors?

Stan: Hi @apocan99 , its very nice catch from you. this status is for the TLP, that the “sale” part is over, but its mark the pool in this status until all the tokens get to the right owner, the investor.

D. | Satoshi Club: and after that pool will change its status?

Stan: Yes, its more administrative status.

Mary | Satoshi Club: Btw, what about POZ tokens?) Are they out of stock?)))

Stan:

That was is left on the TestNet:

Mary | Satoshi Club: Where and how can i get POZ tokens?)

Liam Poolz: Actually our Private sale is currently running (about to end) while focusing on strategic investors. We will also planning to schedule a small allocation event to our community members, really soon 😉

Mary | Satoshi Club: Oh, that’s what i am interested in) waiting for your announcements 😉

Q5 from Telegram user @jolly_k

16.6% of the daily earnings will be burnt as I understand. Explain what will be the earnings. How much do you approximate the burn in tokens?

Guy Oren: As part of our long term strategy our aim is to keep and incesie the token value. We are putting a lot of efforts in order to define a strong strategy and to build a burning mechanism that will be implemented from day one at Poolz Platform.
Token Burn:
PoolzDefi will follow a Limited Top Value burn policy, using 16.667% of its daily earnings to market buy POZ tokens (upto 20% of total supply) and burn them. This, in turn, will enhance the ROI for the entire POZ holder community, by enhancing the token’s inherent value.
Our Business model based on total swapping volume in the platform. Poolz will earn up to 2% from the total daily swapping turnover- It’s will dependent of some parameters. (%2, can be changed by governance in the future)

Mary | Satoshi Club: So, POZ token will be also governance token?

Guy Oren: Not just the token. The whole system. As our core code is designed uniquely for DAO ecosystems and based on smart contract.

Mary | Satoshi Club: It’s interesting, pure decentralisation)

Guy Oren: Such, POZ token holders will have a say in product features, token utility, auction types, platform fees, conditions for pool creation, the terms of governance, as well as the platform’s future plans and trajectory.

Q6 from Telegram user @minhtuyen0711

Common problems of DeFi projects come from bugs smart contract, poor user experience due to lack of UI / UX. But Poolz can solve this with the React Native tool. So what is React Native and how does it work?

Stan: Great point, @minhtuyen0711. we try to make the UX/UI smooth as possible. Using react and web3 to do so. very soon you can see (and tell us your opinion) the system in the testnet.

Mary | Satoshi Club: Who can join testnet?)

Stan:

This is the last update from the testnet:

Guy Oren: The testnet will be available to the community/to anyone that have Metamask. We are want to learn from them in order to providing better solution to the ecosystem.

D. | Satoshi Club: will you have a bug bounty program?

Guy Oren: Absolutely, under the Rinkeby.

Mary | Satoshi Club: Oh, it’s always interesting to join such programs and learn:+1: And now our Satoshiclubbers are waiting for this chat to be open:wink:

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Winterkom

– In Poolz there are 2 types of pools, Direct Sale Pools and Time-Locked Pools. What additional benefits does TLP have for users by locking their tokens in that pool? Do you get a better yield?

Stan: Its up to the project owner.

Q2 from Telegram user @Jmagsss

In your platform, do I need a background knowledge on programming like C, C++ or Java to fully develop a product under Poolz?

Stan: We aim to give you A-Z solution without any programing background (spoiler: even making a token)

Q3 from Telegram user @Jmagsss

Integrations and partnerships are somewhat important to greatly increase the progress of a project, for Poolz, do you already have established partnerships with other projects/companies that and will there be many to come in the future?

Liam Poolz: Agree, that is indeed very important issue as you mentioned. To date, our investors & Official Partners & advisory include:
Market Across- The crypto world leading PR & Marketing company. Representing leading and successful brands as Binance, Tron, Polkadot and more.
Aggressor Capital- Private equity VC.
OMS Capital- Investment firm specializing in emerging cryptocurrencies technologies. Invested in very successful and known companies as: DIA, RioDeFi, Chromia and more.
Big partnerships to come within the next weeks:) even this week 😉

Q4 from Telegram user @jpsarmah

How are your Cross-Chain Swaps different in functioning from your Poolz Bridge?

Stan: The Bridge is part (one of many) of the cross chain.

Q5 from Telegram user Harsha

A defi project=money making project
On this time it is the only legit project that I know in these days… Everyone knows a defi projects price will boom after the launching….
My question is : Aside listing on uniswap will POZ be listed on any other CEX OR DEX?

Guy Oren: Is a great question and we had a lot of inside discussion regarding this topic. We are aiming to do build solution on the of the exsiting infrastructure, and absulotly the CEX will be part of our lonf-term solotion as they are still the biggest player in the space.

Q6 from Telegram user @Rebel99

What is the minimum amount of Poolz to be own in order to take part

Stan: It will be around 80 tokens. to be eligible for the POZ holder benefit. but this number can change (using the governance)

Q7 from Telegram user CRYPTOCOMMUNITY

The marketing strategy is the keyrole is every project,without presale how are going to market this and develop your community?

Liam Poolz: As the CMO of Poolz, I have to gree 😉
At the level of PR, we work and are accompanied by “Market Across”, a leading company in the field that works with top brands as “Binance”, “Polkadot” and Tron.
In terms of marketing, we are connected to a number of well-known communities and crypto influencers who will help us spread Poolz to the world.
We plan to launch a significant PR campaign next week, which will include reviews and articles on leading technology and economic sites.
We work also to establish communities run by local community leaders in various countries such as Vietnam, Korea, Japan and more.
we will forge strategic collaborations with leading blockchain companies, in order to allow them to do cross chain swaps on Poolz platform – our ultimate customers, as part of an agreement with each blockchain we plan a joint PR campaign. The collaboration will bring new relevant users to the platform.

Q8 from Telegram user @K2ice

I don’t have the knowledge of liquidity pool and I don’t seem to understand it so far. How can I be a part of it?

Guy Oren: Nice to meet you first of all.
Swapping Rewards (LP)
In proportion to their contributions, liquidity providers will gain a percentage of the total liquidity deposited over the current week. Swapping rewards on the platform will be calculated and disbursed every 4 hour and in weekly cycles.
Mechanism: Suppose, LP (A) contributes to Pool (1) in the first 4-hour slot of Day(1)—Week(1). Now, if LP (A) is the only investor during this period, he/she get 100% of the swapping reward for that slot. Then, say, on the third 4-hour slot of Day (2)—Week(1), LP (A) would still be eligible for swapping rewards, but in proportion to the total liquidity deposited in the meanwhile. Likewise, LP (A) continues to get some reward for the remaining week.
liquidity providers can claim rewards in POZ for contributing to the network. at the beginning the calculation will be every 4 Hours, can be changed by governance in the future

Q9 from Telegram user @KevSalom

– As an investor or liquidity provider, as I read in your litepaper, I will have the option of joining two types of groups, “Created State” and “Open State”, what is the difference between the two? Which one gives greater benefit?

Stan: The Created give you the discounted price (set by the project owner).
So you can be first to take part on the project.

Guy Oren: The Defi is the hottest topic in the space and there is a reason for that. As the infrastructure and the ecosystem recognize that the most important issue in order to grow is continue to build the Defi space provide the best solution for this issue.
Due to the decentralized motive that anyone can be part of a bigger picture it attracts many investors and developers that help to increase the “trend”. Regarding the future there is a reason why the top blockchain infrastructure such as Binance chain, Solana, Eos, Polka. and more provide numbers of accelerators and programs that focus only on companies best on Defi.
At Poolz we aim to keep all the projects and technologies under fully decentralized world even when we spoke about Cross chain which by now have a big problem to use the Cross chain under decentralized and we are already halfway to find a solution the will help the ecosystem.
Poolz cross-chain structure: Poolz aims to connect the 2 blockchains with a bridge to enable users to transfer tokens from one chain to the other. As the main goal of Poolz, this system will be full DeFi, but the first stages of Poolz server will be doing part of the verification. As the system will grow, we will be able to benefit miners to calculate the transaction and keep the stability.
To make sure at any given moment the balance of the Lock Liquidity in chain A MUST be equal to the Total supply of the Tokens made by the factory for the Transaction. The Equilibrium will be the Trust of the system and the key from a fully DeFi system.
In our case the Equilibrium=Synthetic tokens.

Q10 from Telegram user @lopyou01

Can you tell us what are the main benefits of a $POOLZ holder? For investment purposes, why do we have to invest in $POOLZ & what benefits does $POOLZ give to holders?

Stan: In the tokens sales, you can be the first to invest, before the non POZ holders.
In the NFT bids, you got the right to the last bid.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Poolz. They’ve prepared 4 questions for this part. The total reward pool for quiz was 600$.

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