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 rASKO and our guest was @VICTORYTHREEFOLD – representative of rASKO. The AMA took place on the 25th of November.
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
Jonah 🏅🎹 |
Satoshi Club:
Hello Dear Satoshi clubbers welcome to another AMA session
Our guests today are from rASKO
Hello, @VICTORYTHREEFOLD welcome to Satoshi club 👏
Luis Merino 🇪🇸 |
Satoshi Club:
Hello everyone! 😊😊
Jonah 🏅🎹 |
Satoshi Club:
Hello dear community AMA will begin soon sorry for the delay due to technical
issues
Gold Rocket | Satoshi Club:
@VICTORYTHREEFOLD hello and welcome to Satoshi Club!
Victor:
Okay looks Iike I can write. Hi All..
Great to be here.
Jonah 🏅🎹 | Satoshi Club:
Welcome.. sorry for the delay.
Victor:
This is Victor from rASKO
Jonah 🏅🎹 |
Satoshi Club:
We are excited to have you here Victor 😊
Victor:
Thanks, it is an exciting time for us, thanks for having us..!
Luis Merino 🇪🇸 |
Satoshi Club:
Hello Victor :))
How are you today?
Victor:
Hi Luis.
Great..
Luis Merino 🇪🇸 | Satoshi Club:
Hope your fingers are ready for some great questions 😉
Victor:
Got my coffee.. for sure!
Luis Merino 🇪🇸 | Satoshi Club:
Are you a coffee lover too? 😄
Jonah 🏅🎹 | Satoshi Club:
You are super ready for this 😁
Victor:
With crypto you pretty much have to be, 24/7 world we will live in..
Luis Merino 🇪🇸 | Satoshi Club:
Great! So, let’s start the AMA then. Please introduce yourself and explain whats rASKO is in a few words 🙏🏻
Victor:
Sure happy to..
My name is Victor and I am one of the senior contributors to ASKO/rASKO, my background is 20+ years in project management and development in industrials, tech, and infrastructure. Last 2 years working in blockchain/crypto.
Jonah 🏅🎹 |
Satoshi Club:
You have an Excellent project management background 👏
Luis Merino 🇪🇸 | Satoshi Club:
Such a nice background, Victor 😎
Victor:
rASKO money market is built as a multi-chain platform that offers borrowing and lending of a diverse range of crypto assets while utilizing unique risk management tools to minimize lender risks. Developed by the ASKO and funded by ERC20 token $ASKO, the platform consists of four main components: ASKOLend, rASKO Risk Token Swap, rASKO Farms, and rASKO Borrowers Rewards pool.

Thank you..
Luis Merino 🇪🇸 | Satoshi Club:
Thank you for the introduction. Ready to jump into community questions?
Victor:
Yes ready to go..
Jonah 🏅🎹 |
Satoshi Club:
🚀
Luis Merino 🇪🇸 |
Satoshi Club:
Let’s go! 🚀
Q1 From Telegram user @meml97
It caught my attention that on your Medium Article’s I read that rASKO Money Market is coming to Binance Smart Chain as your IDO Offering on DxSale starts tomorrow, on the 26th of November. Can you give us more details about this IDO that is about to happen? Is there any chance we still can participate in it? If so, please tell us how can we do it? Besides, I would like to know a few more details about this big event, can you tell how much exactly will this IDO last? How many rASKO tokens will be for sale and at what initial price? What is the min? and the max. amount of rASKO tokens we can acquire on this IDO?
Victor:
Yes, the IDO is public so anyone can participate, we chose DxSale as they are really a great platform to launch a project, rASKO token offering is a fully KYCed and Approved project.
Soft cap is 375 BNB and Hard cap is 750 BNB..
We expect the IDO to sell us quickly ….
Will post links here for the IDO
There is all the information available and you can easily participate.
Victor:
🎯 Useful Information
📂 Audits by Certik, HashEx, Techrate, Solidity.Finance & independent blockchain security experts
👁 Doxxed & KYCed Team (IDOPresales)
🗣 AMA on DXSale November 24, 2021, 23:59 UTC
🤝 Partnerships with Certik, Quai Invest, HashEx, ApeSwap, and more
🔥 IDO confirmed on DxSale November 26—29.
🐵 ApeSwap listing November 29, 2021
🚀 CoinGecko and CoinMarketCap listings incoming
🚜 rASKO/BNB farming for Banana Open December 5
📌 Important Links:
🔺Website: https://asko.finance/rasko
🔺Contract: https://bscscan.com/token/0xd118f42edbc839f7e1e85d5269a25288792c141b
🔺Presale Link: https://dxsale.one/app/v3/defipresale?saleID=1580&chain=BSC
🔺IDOPresales KYC: https://idopresales.com/kyc-service/rasko-kyc-verification/
🔺Solidity.Finance Audit: https://solidity.finance/audits/rASKO/
🔺Twitter: https://twitter.com/asko_official
🔺Telegram: https://t.me/Askomain
This gives you useful information about rASKO and links including the IDO link too.
🚀🚀🚀
Jonah 🏅🎹 | Satoshi Club:
Thanks for sharing.. this is a lot of useful info
Luis Merino 🇪🇸 | Satoshi Club:
Can you please share how that funds will be used?
Victor:
Yes, so 51% will be locked liquidity, and the remaining will be used to purchase additional assets for the money market, so all the funds will be allocated to the money market.
Jonah 🏅🎹 |
Satoshi Club:
What additional assets are you purchasing?
Victor:
We plan to set up our trading pools on ApeSwap and will be the first project on DxSale to do that , as they have just integrated with ApeSwap a week ago..
Luis Merino 🇪🇸 | Satoshi Club:
Thank you for the clarification 😊
Jonah 🏅🎹 | Satoshi Club:
Great… 👍
Victor:
These assets are listed on the rASKO website
Jonah 🏅🎹 |
Satoshi Club:
Alright.. Thank you for you answers
Victor:
But assets that are popular and in demand, so as to kick off the money market, each asset listed on rASKO Money Market is, in essence, a market unto itself as well.
Pleasure
Jonah 🏅🎹 | Satoshi Club:
This is a good decision, as these assets will also pull their market players into rASKO money market
Ready for next question now?
Victor:
Exactly and of course having ApeSwap as a partner also will be a great driver, as they do an excellent job in co-promotion and marketing and are very hands-on in helping protocols that list with them grow their business and token value.
We will also have their asset listed on our platform as well.
Jonah 🏅🎹 | Satoshi Club:
This is a complete win for you 👍
Luis Merino 🇪🇸 | Satoshi Club:
ApeSwap is huge 😎
Victor:
Yes, we have done a lot of research in the background and made sure we make the best choices for launch..
Jonah 🏅🎹 |
Satoshi Club:
Great Job.. ready for next question?
Victor:
Sure..
Q2 from Telegram user @ItsMelissa3
I noticed that the rASKO logo is a little pig and was curious about the story behind the selection of this logo. How is this little pig related to rASKO’s vision, mission, and purpose? Can you tell us more details about the meaning of this logo for the rASKO team? Does this little pig have any special meaning to you or was it a logo that came up at random? Why did you decide to make this the official rASKO logo? Are there any curious facts that you can tell us about this?
Victor:
Hehe, our Cosmic Piggy represents the concept of a piggy bank that we all know and trust to store our savings, but at the same, it’s a Cosmic Piggy, which means we believe in a great future for rASKO Money Markets as we grow, scale and expand across multiple blockchains.
Jonah 🏅🎹 | Satoshi Club:
Oh, I still remember using piggy bank 😁
Victor:
Really we have created a unique borrow and lend Money Market, it is regenerative, non-custodial, and self-sustaining, it has a lot of unique features that all play into the Cosmic Rise of rASKO Money Markets in DeFi….
Luis Merino 🇪🇸 | Satoshi Club:
😄
Jonah 🏅🎹 | Satoshi Club:
Interesting… not all markets are self-sustaining so building one like rASKO is a big plus
Victor:
But we also offer the security of a piggy bank.. we have done extensive work on rASKO Money Market and took our time to ensure all security features were properly addressed and edge case testing was very extensive.
yes, and given the diversity of assets that can be borrowed and lent, our tech is unique and this we believe creates a moat around what we developed, so we have a first-mover advantage in bringing such a Money Market ecosystem to the markets.
Jonah 🏅🎹 |
Satoshi Club:
The idea behind your logo Is so clear now.. thank you for your answers
@LuisMe7 do you have any additional questions on this?
Victor:
😄😄
Luis Merino 🇪🇸 | Satoshi Club:
Not for this one.
Everything sounds clear for me 😄😄
Victor:
Great..
Jonah 🏅🎹 | Satoshi Club:
Great, let’s move to the next question then 😁
Q3 from Telegram User @Ajpaa
rASKO is an automated cross-chain money market platform that offers borrowing and lending of a diverse range of crypto assets while utilizing unique risk management tools to minimize lender risks. How do this automated cross-chain money market platform work and Which range of crypto assets are accepted? How can users become lenders and borrowers? Can you briefly explain how your unique risk management tools work to minimize lender risks? What happens In the event where a borrower is not able to pay back?
Victor:
ASKO uses a unique multi-tier risk lending system, security features, features to protect lenders capital, and also sufficient notifications generated by the platform to inform borrowers of any delinquency or additional collateral requirements, plus we have what we call category fences, there are 4 categories, so the 1 category can borrow any asset on the platform, the second category can borrow only from its category and the other categories below it, so in this case cat. 2, 3, and 4. Also, automated liquidation features ensure that the lender’s capital is protected and of course the low risk and high-risk tiers also ensure additional ability to manage lending risk.
So, we have put a lot of effort to ensure that the rASKO Money Market is a healthy and safe environment for borrowers and lenders. Borrowers also receive borrower rewards, which help offset a portion of their borrowing cost
Luis Merino 🇪🇸 |
Satoshi Club:
OMG… Let us digest this complete answer 😄👏
Jonah 🏅🎹 | Satoshi Club:
Your efforts and ideas are very impressive 👏
Victor:
Hehe, yeah the platform user interface is actually very friendly and easy to use, and of course, has plenty of flying piggies.
Jonah 🏅🎹 | Satoshi Club:
And this is also a big plus considering the so many boring and non-user-friendly interfaces available in this space..
Victor:
We are very grateful to our community for the amazing support they provided to us during all this time, this took time to develop and do it right. So thanks ASKO Community, you are amazing!!
Luis Merino 🇪🇸 | Satoshi Club:
Yep! Users like easy and fast ones 😉
Jonah 🏅🎹 | Satoshi Club:
Maybe there are some who still like hard and slow ones 😂
Victor:
Exactly, we want people to enjoy their experience while vising our platform, making money should be fun as well…
Hehe.. 😂😂
Luis Merino 🇪🇸 | Satoshi Club:
I am not one of them 😉😂
Jonah 🏅🎹 | Satoshi Club:
I thought you’re an old man 😂
Thank you Victor for your clear answers..
Victor:
Yeah think all of you will love the full UI.. our community really liked it, when we showed it to them.
Luis Merino 🇪🇸 |
Satoshi Club:
😂😂
Victor:
Pleasure.. again glad to be here, this is a fun AMA..
Jonah 🏅🎹 | Satoshi Club:
Clear answers make AMA’s enjoyable 😉
Ready for the next question now @VICTORYTHREEFOLD?
Victor:
Sure..
Q4 from Telegram User @V1ct0r_26
Hello, ASKO’s Team.
I could see that ASKO will have its own ASKO DAO coming soon, this governance model is said to be a parameterized DAO that is built to govern rASKO Money Markets and also serve as products DAO to ensure innovation and development of innovative decentralized applications. So, having that in mind I would like you to please tell us more about ASKO DAO? What does it mean to be a parameterized DAO? What kind of benefits does that bring to rASKO Money Markets? On the other hand, I noticed that this DAO will serve too as products, could you please give us more details about it? What kind of possible products do you aim to create with ASKO DAO? Most importantly, I would like to know, how can I, as an ASKO user participate in ASKO DAO? What do I need to do and also on what kind of decisions will I be able to help with?
Jonah 🏅🎹 |
Satoshi Club:
This one is long… 😁
Victor:
Yeah good question, so yeah parameterized is a big word, but it is actually quite simple, the Development Fund in the DAO is funded by fees from the rASKO Money Market, specifically, 25% of all fees collected go to the DAO which are distributed between stakers the DAO and development, these parameters are determined and established at the level of the DAO, so effectively community has said in how much gets allocated for the development of new innovative d’Apps for the Money Markets and updates to current d’Apps, plus how much is allocated to staking from the Development Fund. So it is a very community-centric model that is operates based on a set of established parameters at the level of the DAO.
Jonah 🏅🎹 |
Satoshi Club:
Community determines everything
Luis Merino 🇪🇸 | Satoshi Club:
Community is the way 😉
Jonah 🏅🎹 |
Satoshi Club:
so how do users participate in the DAO in general, are there pre-set
requirements?
Victor:
To participate in the DAO you would need to have ASKO, which would entitle you to participate, that is the governance token and total supply is on the market, this token has been on the market already for over 1 year and helped to receive the necessary funding to develop the rASKO Money Market.. ASKO will also be bridged to BSC.. so the use cases for ASKO and rASKO are very robust and provide participants/users of the money market to participate in all facets of the market ..
Luis Merino 🇪🇸 | Satoshi Club:
ASKO “whales” will have more rights to vote? Or is it the same for all the users?
Victor:
It is an Asset-based voting system but there are limits set that can be adjusted so the vote will not be overweighted by whales, it is based on a principle of liquid democracy, which is not a place for whaling.. hehe
Luis Merino 🇪🇸 | Satoshi Club:
Lovely!
Thank you for your answer
Ready for the next question?
Victor:
Ready.
Jonah 🏅🎹 | Satoshi Club:
Alright
Q5 from Telegram user @UniqueVicky
In order for one to lend on Askolend, one must be a lender, for one to be a lender one has to opt to interact with one of the ASkOlend contracts, selecting a token to deposit and a risk category, which is high or low-risk category, can you please tell us who are ASkOlend contracts, and where and how we can interact with them? Concerning the high and low-risk categories, what are the requirements to belong to any of them, give us the key features of these categories, you also said low-risk tokens can be used as collateral why high-risk tokens cant be used as collateral, what is the reason why high-risk token cannot be used as collateral? Let’s say I want to borrow 5 tokens what is my collateralization ratio for this, tell us how this has been calculated? Thank you
Victor:
The assets already on the platform you choose which one you wish to borrow for example or you wish to add to the liquidity, that particular asset has a category attributed to it, so effectively you can by its category understand what you can do, for example, providing capital as a lender and benefiting from the APR that you can earn as category 3, for example, is higher risk but more rewarding as well, you can also choose to become a borrower and borrow other assets while staying long in the asset which you provided to the platform.. So there is a multitude of ways that you can earn, meaning if choose to be more of a passive investor or an active one that is up to you.
The collateralization ratios will be published, but keep in mind it is an over-collateralization protocol, so for example you provide 150% collateral in your asset in which you probably want to stay long in and get 100% of another asset, that you can use to earn with the asset you borrowed, so you have a multitude of ways to earn, while again staying long in your core asset, instead of just holing it in your wallet and waiting for it to the moon..
Jonah 🏅🎹 | Satoshi Club:
Concise and clear.
Luis Merino 🇪🇸 |
Satoshi Club:
Such a great answer
Victor:
Now anyone can also add new assets to the platform, you simply submit for approval of the asset and ensure you meet the min amount requirement for that category to set up a new money market for that asset, takes about 2 to 3 days to approve, and have listed on the platform, presto you have now created a money market for a new asset and again this helps to improve the utility of the assets you are holding plus diversify portfolio.. so there are many benefits.
Jonah 🏅🎹 |
Satoshi Club:
I believe your team does the approval, what do you look out for before granting
approval for new assets to be added?
Victor:
Sufficient liquidity in the asset on the market and risk profile, so we assess this professionally thus ensuring a healthy and safe environment for all participants..
Jonah 🏅🎹 | Satoshi Club:
Great
Thank you for your answers..
Victor:
We always want to ensure first and foremost the safety and security of the
Money Market for our users.
Pleasure.
Luis Merino 🇪🇸 |
Satoshi Club:
Let’s go with the last question of part 1 🚀
Q6 from Telegram User @Cheriemike
With a particular interest in your farms, ASKO plans to launch its rASKO Cohort Farm by the end of the month (29th November) which would also coincide with the launch of rASKO trading pools. With the month and quarter gradually coming to an end and being that these products are a critical component of the rASKO project, can you provide comprehensive information to this event which is barely 4 days away? What would be the average farming yield rates? How would the respective accrued rewards from APY, APR, and fees be used to provide better-incentivized Farming and Trading pools? Thanks
Victor:
Sure..
A very good question will try to answer this as short as possible..
So the
Luis Merino 🇪🇸 |
Satoshi Club:
👀
Jonah 🏅🎹 | Satoshi Club:
Let’s expect a long read
Victor:
The farming yield rates will be adjusted to ensure they are competitive, for example, the LP token farms for rASKO earned rewards would be around 120% APY, borrowers reward pool to off set borrowing costs would be 12% APR, this helps sustain a competitive environment, while also offering borrowers an immediate benefit through the use of their rASKO rewards. The APR for each asset is set in accordance with what a competitive market rate for that asset currently is with a few percentage points above also to incentivize lenders. Whereas the cohort farm rates will also be determined as per competitive rates, for example, farming rASKO the APY would go to around 120% in this vicinity, so we gauge also by supply and demand, as keep in mind rASKO is an asset that can be used on the platform to borrow and lend.. but all rewards in rASKO are earned and so rASKO not only enhances and drives the token economy of the money market it also acts as an asset class, this, of course, ensures that the demand for rASKO will be consistent and expected to grow as the money market for rASKO grows, this is a great example for other protocols and asset owners so that they immediately see the benefit of listing their assets on the rASKO Money Market.
Luis Merino 🇪🇸 | Satoshi Club:
You were right 😊😂
Jonah 🏅🎹 | Satoshi Club:
Now lets read
Victor:
🤣⚡️
Luis Merino 🇪🇸 | Satoshi Club:
Thank you for your answer, Victor. It’s very clear for me 🙂
Jonah 🏅🎹 | Satoshi Club:
This is well detailed.
Luis Merino 🇪🇸 |
Satoshi Club:
Btw, great % 👏
Victor:
Awesome..
Yeah.. we make sure that rASKO Money Market is very competitive.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Gemshunter22
Is there any restriction in KYC of IDO presale? What are the requirements to join and how much max one wallet can participate?
Victor:
The IDO is open to the public, there are no restrictions to our knowledge but would recommend visiting the DxSale site in advance just to get familiar with the platform if you have not participated in the IDOs offerings on DxSale before.
Q2 from Telegram user @Misst00
What is token name?
Victor:
Token name is rASKO.
Q3 from Telegram user @Prof_Rz
Do you consider community comments and needs as you develop your project? Do you consider community comments and needs as you develop your project?
Victor:
Yes, we have a very tight-knit community, so they have helped us a lot along the way, we communicate daily with our community and get their feedback pretty much on everything we do.
Q4 from Telegram user @Robotliker1
I read that your tokenomics is deflationary. Many projects have a buyback and burning system to make them deflationary. Do you have any buyback and burning system or how is it deflationary?
Victor:
Yes, we have both buyback and burn, 25% of the fees paid to the ASKO DAO also cause an equivalent amount to those fees in rASKO to be burned on a monthly basis. And a portion of the fees generated by the Money Market is used for buyback as well.
Q5 from Telegram user @cryptoflower13
I read that Each money market incorporates the rASKO Swap that provides funds of risk tokens “alr” and “ahr”, what is the usefulness of these risk tokens? When and how are they used? What are the characteristics of each one?
Victor:
Risk tokens can be used to borrow assets or can be used to provide liquidity to the relevant risk token pools, allowing you to earn liquidity provider fees and also farm your LP tokens to receive earned rewards in rASKO and other participating tokens. So, as other protocols also wish to participate to drive their token utility and support token value, they will also have the option of having a farm set up with their token for earned rewards, and of course, this token would have to be an approved asset on the Money Market. So, over time the LP Token Farms will grow and offer a diverse range of assets to farm with for LP token holders.
Q6 from Telegram user @jirencrypto
I understand that they have an rASKO Borrowers Rewards pool.
How does this fund work? How is it administered? How many levels of loans do you have?
Victor:
It is automated so for x amount borrowed, the borrower will receive an equivalent of 12% APR as their rewards per x value borrowed.
Q7 from Telegram user @Tahsinahmett
How will you ensure the security of your platform products and therefore the security of investors’ funds? Will the lender be safe?
Victor:
rASKO Money Market was developed, tested and retested, and retested by our devs, then we invited blockchain security specialists, then had the audits done, and then again testing/debugging by third party specialists that we know to be expert devs. We have gone through our code with a fine-tooth comb and spent months testing various edge cases and implementing fails safe measures and features. I will just say that we did not rush, we took our time and made sure we covered all the basics and follow proper QA/QC procedures, we also studied numerous cases of exploits to ensure we have taken into account and introduced the necessary measures. So the work done is very extensive.
Q8 from Telegram user @soyestefanya
What is the main objective of the project, in what way is it beneficial to become an investor in this project, and how will loyal investors be rewarded?
Victor:
The benefit of being an investor is the utility rASKO offers and the ability to earn through a diverse range of use cases, plus of course the flexibility it offers as an asset that can be used to borrow and lend as well. The over the token economy for rASKO is very healthy and we expect to have a lot of longer-term token holders. As you can see with ASKO the governance token, we literally have several thousand token holders which have stayed with us from almost the very beginning as they realized the value of what is building.
Q9 from Telegram user @captainprice111
What will be the main role of the investors who buy ASKO to participate in the management? Can you talk about ASKO’s management structure and development strategies for the future?
Victor:
the role of token holders wishing to participate in Governance and Development would serve as the role that supports the healthy development of the Money Markets, the parameters based on which decisions are made and how rASKO Money Markets develop are very important and should be defined not just by the team, but participants in the market, that sharing of ideas, experience, and knowledge, will lead to the best possible results in term of development. As we found out with our community, that have come forward time and time again to help and also to challenge, that in our minds is a must to maintain a healthy ecosystem and develop the best solutions and products.
Q10 from Telegram user @Ajpaa
What will be the %Tax charges On Buys, Sells & Transfers?
Victor:
For rASKO there is no tax charge at all, as there is plenty of utility to sustain a very healthy growth trajectory.
Part 3 – Quiz Results
In the final part, we tested your knowledge in terms of rASKO. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
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