Royal Protocol x Satoshi CLUB AMA Session 04 December 2021

Royal Protocol x Satoshi CLUB AMA Session 04 December 2021

Royal Protocol is the new era of Liquidity Pool's in Game mode. NFT Marketplace. Decentralized Exchange. Integrated Wallet App. Royal Arcade Studio.

PART 1. Introduction of Royal Protocol header project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about new version of the liquidity pool.

Royal Protocol is the Liquidity Pool. This crypto project present DeFi in Game mode and contain NFT Marketplace, Decentralized Exchange, Governance Token, Integrated Wallet App. 

The plan of AMA session:

  1. Part – Introduction and preselected questions.
  2. Part – Live questions
  3. The Quiz about Royal Protocol

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @Satoshi_club

Andrés M. | Satoshi Club @AndresM77

The Representative of the project:

Richard – @RoyalCOO – COO of Royal Protocol

Introduction of Royal Protocol project.

Mary | Satoshiclub:

Hello Satoshiclub! We are happy to announce our ama session with Royal protocol!  Welcome to Satoshiclub😀

@Royalcoo welcome here 😀

Richard:

Hey there!

Andrés m. | Satoshiclub:

@Royalcoo welcome to Satoshiclub, is big pleasure to finish our AMArathon today talking about Royal protocol😃

How is going your day?

Richard:

Looking forward to spreading the good word of Royal protocol to the masses

Mary | Satoshiclub:

Let’s start our party 🎉🎉🎉 Richard, could you please introduce yourself and tell us more about Royal protocol 🔥

Richard:

Hello, i’m Richard, coo of Royal protocol. I have a rather thorough background in the software engineering space. Royal protocol is an ecosystem being built around innovation and disruption of blockchain and gaming industries.

Mary | Satoshiclub:

Excellent experience 👍 What is Royal protocol and what are its main goals?

Richard:

Royal protocol is a safe haven for game companies and NFT projects. Many useful tools and projects are being added for companies wanting to move to a better chain from ethereum, bsc and others. These include:

* new and better NFT standards

* unique NFT ecosystem

* a wallet based inventory system

* built-in advanced security features

* lower fees

* more decentralized node distribution

Mary | Satoshiclub:

What blockchain are you build on?

Richard:

We are focused on building an evm based blockchain to stay in better sync with what a lot of current projects are building on top of right now. Ethereum is the foundation of our current chain implementation, historically as a chain it has had a good track record of being secure in it’s decentralized nature. Eth has a proven track record.

Mary | Satoshiclub:

Gotcha! Nice choice 👍 Who are working in your team? Tell us more about them please 🙏😀

Andrés m. | Satoshiclub:

Why did you choose Royal protocols as the name of your project? Any interesting history behind?

Richard:

Sure, i can answer both. I’ll start with our team.

Mary | Satoshiclub:

Take your time 😀

Richard:

We have an amazing team growing rapidly each day. At our current rate we should have over 100 people helping us create the foundation of blockchain’s future by mid january. Lots of innovative game concepts are underway!

Regarding the name of our project

Mary | Satoshiclub:

Wow, that’s a lot 👍

Richard:

Royal protocol has a deeper meaning to us as a company, we have a very ambitious set of goals to help innovate some of the future web 3 protocols being used in this space. We also have a set of quality standards we will be enforcing around our ecosystem both in security and in project development. Our Royal arcade certification and solidity auditing services will be there for all newcomers and projects growing organically on our chain. Royal protocol is the chain of chains.

Mary | Satoshiclub:

You’re ambitious and i like it!

Andrés m. | Satoshiclub:

Great explanation, thanks a lot for the clear introduction about you and about Royal protocol.

Mary | Satoshiclub:

We choose 6 questions from our community for the first part of our ama 😀 are you ready for them?🚀

Richard:

Definitely

Preselected questions about the Royal Protocol DeFi project.

Andrés m. | Satoshiclub:

Q1 from telegram user  @orlemys

On your website, you argue that the digital gaming industry has remained largely unchanged over the last years and that it is your mission to improve that situation. Would you explain in which specific ways you will be providing a solution to this problem? Is it only by adding defi features to regular gaming? Wouldn’t this mostly be attractive to crypto users? In which ways will you provide advantages to the real (traditional) gaming world?

Richard:

The gaming industry is struggling in many ways. They have issues raising the price of games, coming out with games that users have to download an immediate 40gb patch for, loot box fiascos, advertisements directly in their games, dlcs that force users to buy more to play with their friends, dark patterns around payment methods, unknown loss and win rates, software that users have zero visibility into, etc.

Royal protocol is building a platform to help game developers do what they love and build games. Using assets from our community and contributing to them, we are building interoperability amongst games in our network and other networks as well. Many of the problems above are being worked on by our team of engineers. You won’t find a Royal arcade game that needs a 3 hour patch to get started playing.

This is only a quick insight into areas we are innovating.

Mary | Satoshiclub:

Sounds interesting, is your platform already live?

Richard:

Parts of it are going live over the next several months. We have our secondary market starting in the next week or so where users can use some of our defi products and trade against our governance token and our patent pending Royal arcade rewind product.

Mary | Satoshiclub:

Cool👍

Andrés m. | Satoshiclub:

Could you mention which game developers are you working with at the moment?

Richard:

We have our own game studio, Royal arcade studio. We also have had a few projects approach us to discuss launching or migrating to Royal chain when we release both public testnet and our mainnet.

Royal Protocol game studio

Andrés m. | Satoshiclub:

Amazing designs, congratulations to your team

Richard:

We have an amazing team

Mary | Satoshiclub:

@Royalcoo will you have NFT with this girl?😀

Richard:

Most definitely we will

Mary | Satoshiclub:

I want it😂

Richard:

Check our announcements channel for NFT drops in the future @Royalprotocol

Mary | Satoshiclub:

Sure! I will!

Thank you for your answers. I think we’re ready for the next question 🙂 Richard! Ready to proceed?🚀

Richard:

Ready

Andrés m. | Satoshiclub:

So talented people. Let’s go🥳

Q2 from telegram user   @icevermithraxx

By q3 2021, Royal protocol launched a brand that i’ve never heard of or imagined:-the Royal token rewind, a brand representing Royal protocol’s patent-pending technology and the incorporation of this technology means that a player is able to lose a game and unlike usual experience, only have their tokens frozen temporarily. Can you please elaborate more on your Royal token rewind brand and its features? How can users then unlock their frozen tokens? What are the effects of this brand to your ecosystem? Lastly you also mentioned about “rewind tokens”, what are the use cases of this token and how can users acquire rewind tokens? Thank you!

Richard:

Royal arcade rewind is poised to disrupt the risk based gaming space. We have an awesome patent pending product that will allow risk based game opportunities to all projects on our network. We look forward to seeing how far we can push this product both for gamers and for those struggling with gambling addiction. If anyone is passionate about these spaces please feel free to reach out through our careers page: Royalprotocol.io/careers

Andrés m. | Satoshiclub:

Interesting event, what else do you have in plans? Could you share us your roadmap to check it?

Richard:

Users can acquire rewind tokens by playing games in our telegram channel, participating in our referral program, and in our upcoming crypto degenz open beta launching this month! Come play games, win tokens, and vote on the ones you want with our defi governance token.

[ photo token rewind]

Andrés m. | Satoshiclub:

Let’s join satoshiclubbers, take advantage of this opportunity😃

Richard:

Our roadmap is slightly outdated, we are having a new main site redesign with an updated roadmap coming soon. Check our website for our upcoming newsletter and subscribe to our announcements channel!

Mary | Satoshiclub:

Richard, thank you for your detailed answers! Ready to go to the next question?🔥

Richard:

Ready when you are

Andrés m. | Satoshiclub:

Q3 from telegram user @chinyere2020

With the projects in the current market, it is almost impossible to interact with online digital content without some level of information exchange. Details like your social security number, ip address, banking information, etc, can be accessed easily by the right individual, company, or government. Even mainstream gaming lives within a system where even the best kept secret is inherently vulnerable to exposure. I learnt that the goal of the Royal protocol ecosystem is to allow users retain their anonymity, ensuring that their sensitive data cannot be accessed by unauthorized persons. How does the Royal protocol platform plan to achieve this goal? What are the features of the Royal protocol ecosystem that ensure that its users are able to retain their anonymity while using this platform?

Richard:

We are innovating in this space as well, watch for our pyxis wallet release to see a transformation around personal and off-chain software security.

There are never before seen security methods we are building in the crypto space, buckle your seatbelts!

Mary | Satoshiclub:

Could you tell us more about security methods you used?🙂 or it’s a secret now?

Richard:

So far, we have some patents underway for this, none are quite in the pending state. Users are going to have to wait to see some of the cool technologies we are building. Keep an eye out for 2022 where we begin our disruption.

Mary | Satoshiclub:

I am intrigued 😃 but we will patiently wait for the updates! What about your smart contracts security? Are they safe? Any audits?

Richard:

We’ve had several audits on our main token contract, we are also building out an audit team and a process to do auditing for other projects. It’s great to see companies like certik gaining such high valuations, we are looking to assist in this space as well, for both Royal chain based products and products on other networks.

Mary | Satoshiclub:

Super! It’s obvious that you care about security!

Richard:

We’ve already seen projects attempt to copy our litepaper to use as a launch platform, it’s unfortunate that we can’t always share everything we are working towards.

Andrés m. | Satoshiclub:

Thanks for clarify it, we will be waiting for the announcements😃

Mary | Satoshiclub:

I understand your concerns 🤗

Thank you for your answers Richard! Ready to jump to the next question?🎉

Andrés m. | Satoshiclub:

Q4 from telegram user @highpee

The total supply of roy is 2.5 billion and you have said that you don’t have any intention to introduce any burning for roy. Why do you think this is the best approach for roy considering your huge total supply? Don’t you believe in token deflation and scarcity, and that token value can be improved with reduced supply of the token in circulation? With more roy being released into circulation through rewind system faucet play and tiered-liquidity system yield, what methods will you use to ensure that roy token values are kept healthy and how do you intend to increase its demand?

Richard:

Burning is not something we’ve ruled out, though just like binance doing chain upgrades for consistent burns, we need to start and grow our chain first before we consider such actions. As companies onboard and bridge to Royal chain they will need tokens for liquidity pools. We also have plans for games and products to have onboarding experiences through faucets and other means. Royal protocol is still young, and this supply will likely not grow until our chain is released.

Technically the supply is slightly under 2 billion as the largest wallet is company maintained for now. We are in the process of getting multigeniture set up for these funds left over from our fork.

We are very familiar with deflation and scarcity; we are employing these principals actively while building our economy and product base.

There are many methods we are employing to increase it’s demand and help grow liquidity for Royal, rewind, and Royal governance. These include secondary markets and our currently running $1,000,000 groy liquidity game we are hosting on our site. Royalprotocol.io/game

Andrés m. | Satoshiclub:

Additionally, could you tell us the main use cases of $roy?

Richard:

Royal token will be an integral part of our network’s ecosystem. It is the foundational token used to play and participate in all of our games and products.

Mary | Satoshiclub:

What do we need to start playing it?😃

Richard:

Great question, users are pretty excited about how the game is going so far. All anyone needs to participate in the giveaway for lp token reflection and groy rewards is Royal token and bnb. Our site will help you take care of the rest: acquiring Royal lp tokens and depositing for hourly rewards!

Mary | Satoshiclub:

Pretty easy as i see😃

Andrés m. | Satoshiclub:

How many tokens? Is there a minimum amount needed?

Richard:

Users can participate for as little as $5 – $10 currently. 100,000 groy tokens are planned to be given away over a 4-month period. This time period may be extended in time depending on how many users take advantage of the opportunity.

Mary | Satoshiclub:

It’s affordable for everyone 👏

Andrés m. | Satoshiclub:

Oh great, an opportunity for everyone

Mary | Satoshiclub:

Thank you for your answers! Ready for the next question?🤩

Richard:

We are ready

Andrés m. | Satoshiclub:

Q5 from telegram user @ajpaa

Royal protocol powers products like NFTyswap and cryptodegenz in the center of your ecosystem. What are some of the important features of NFTyswap and cryptodegenz and what are their roles/functions in your ecosystem? What opportunities do this products avail Royal protocol users?

Richard:

NFTyswap

The value maker of NFTs

Soon to be patent pending, the NFTy marketplace gives users a wide array of tools to create, mind, move, curate, and play with NFTs. Get ready for fun features, new tools as well as discover amazing designs, art, game assets, and products.

Use cases:

* NFT creation

* NFT discovery

* NFT purchase

* product discovery

* product purchase

Mary | Satoshiclub:

Btw, how will the copyrights on your platform be protected?

Richard:

Information publish on our public sites is protected by copyright laws. Royal protocol is also seeking patents on our products we innovate and engineer in unique ways. Our patent pending rewind system is a great sneak peek into the greater innovation ahead!

Crypto degenz is the result of our project fork. It’s a platform of 1600+ games we will be soon be allowing all users to play to compete for rar tokens while we gain anonymous analytical data for building and launching games into Royal arcade rewind.

Mary | Satoshiclub:

Gotcha 👍

Richard:

We are also approaching a few patents on our NFT marketplace NFTyswap as well as pyxis wallet and our governance chain

Andrés m. | Satoshiclub:

What will determine that value of the NFTs?

Richard:

Keep an eye out for some of the unique innovations coming your way from Royal, in concert with pyxis and NFTyswap. Our ideas and concepts will expand your minds in this space as we build our vision of the future.

Mary | Satoshiclub:

Thank you for your answers! Ready for the 6th and last question from this part?🔥

Richard:

We are ready

Andrés m. | Satoshiclub:

Q6 from telegram user   @asela1112

You aim to release the Royal protocol wallet 1.0 in 2022. Can you tell more details about this upcoming wallet? Will it be upgraded by time to time? Lot of platforms used to release own their wallets but they failed due to the lack functionalities & technical issues. How will you surpass these issues & how will you give a better user experience through Royal wallet 1.0? Will it be compatible both with crypto currencies & NFTs? Which currencies will you add to the Royal wallet 1.0 & will there be token tracker that gives live prices? Will you integrate a dapp system also in to the wallet? Finally tell us about the security condition of your wallet, will it be logged in with 2fa system?

Richard:

Pyxis wallet has some advanced security and features being built. Our plan is to consistently improve, upgrade, and allow votes for new features as we make continuous enhancements.

Pyxis technologies wallet vision surpasses any that i’ve seen come before. We will definitely have multiple chain and currency support. All features you are asking about are planned to be implemented and plugged into both Royal chain and other chains. It will also have it’s own login system and unique user privacy protections.

Our user experience will be apparent upon release, this is not your average wallet.

 

 

Mary | Satoshiclub:

Oh, they look fantastic 👍

Richard:

Here are a couple of the 1600+ crypto degenz games you’ll be able to play soon to compete for rar tokens

Andrés m. | Satoshiclub:

Roulette is my favorite gamble game.

Richard:

Come play roulette for your chance at some free RAR tokens

Andrés m. | Satoshiclub:

Of course, i’ll do, thanks for the invitation😃 Is the wallet available for mobile devices?

Richard:

Yes, most definitely, our new product ecosystem section will be released on our site soon. Here is a fuller description:

Pyxis technologies

Security of blockchain in your pocket

Your secure view into blockchain, games, and NFTs. Pyxis mobile wallet will be offering state of the art security, rivaling the security of hardware wallets on the market. More information will be released in the near future regarding the blockchain security features offered.

Use cases:

* wallet

* software security

* point of sale

* NFT gallery

* swap integration

* product security

* multisignature

Mary | Satoshiclub:

Richard, thank you for your awesome answers! We got a lot of useful info in this first part!🤓

Richard:

Happy to help inform everyone about the cool things we are building

Mary | Satoshiclub:

But i hear fingers sound now, it means that live part incoming 😂

Are you ready?🔥

Richard:

We are ready

Mary | Satoshiclub:

Let’s go 🚀

PART 2.Questions about the Royal Protocol project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Royal Protocol crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @sweetdoge

How can I connect to my wallet into your project and what features do your project’s staking and farming pools have?

Richard:

We will have more DEFI initiatives soon, once you have BNB in your wallet you can get Royal tokens and begin to play games and win prizes. Even those without Royal will be able to win our RAR tokens in our telegram games competition and our Crypto Degenz public beta, both coming very soon!

Q – 2 from a telegram user @Wish111

Most of the new games launched on block chain are focusing on investments rather then gameplay experiences, and game play is not up to the mark there can be bugs and errors which can effect user experience how ROLAY PROTOCAL is planning on dealing with these issues? 

Richard:

Most games on blockchain that we have seen are of limited scope, limited use-case and not cooperative between other projects. Most in fact are not even entirely on chain. Our Royal Arcade Certification and Royal Arcade Studio are here to help ensure games are functional, balanced, audited, cooperative in our ecosystem and fun!

Q – 3 from a telegram user @Deleted_User

Deleted question. 

Richard:

It’s definitely possible to always get Royal feedback. This feedback is the foundational reason of “why” we created our Royal Governance token. Our goal is to allow the people to decide product direction, product scope, feature upgrades, product release, and even chain direction. All of these DEFI voting initiatives will be made simple through our games, websites, and Pyxis wallet. It takes time and energy to pay attention and vote, this is in-part why voting is a reward based DEFI process.

Q – 4 from a telegram user @barisbektas1

When the players reach a certain level from the games they play, they start to get bored. Do you plan to organize in-game or global events in Royal Protocol so that your players do not get bored? Can we play the Royal Protocol game as rivals or clans with our friends?

Richard:

Our strategy around game development is ease of compatibility amongst all games in our ecosystem, including some outside of Royal Chain. Players can have multiple levels in multiple games with similar or same characters in our network. Lots of innovation in this space is coming from Royal.

Q – 5 from a telegram user @Ajpaa

How do you ensure that all games on RAR platform is free from dark patterns, undisclosed probabilities, and other questionable practices?

Richard:

The Rewind system itself is designed to protect players from the risk of loss. This is an awesome faucet-based product in our economy, where players can Risk Everything and Lose Nothing!

Q – 6 from a telegram user @Sulyvahn_DS

Did you managed to get an agreement with a cex exchange in order to list your token?

Richard:

Currently we are on Pancakeswap and Coinsbit exchanges, I’m sure more will come in time, we are also going to be bridging to our chain to help users play in our ecosystem and use our products.

Q – 7 from a telegram user @Clint_25

Your team is private, according to what I’ve read. Why do you chose to keep your team private?

Richard:

We plan on creating more visibility around our team soon. We are launching a new version of our main site and after that we will be showcasing some of our engineering, gaming, and creative team.

Q – 8 from a telegram user @potentialsake

Which age of people are you targeting on this project?

Richard:

Anyone that likes to play games will find something fun to do on Royal Chain

Q – 9 from a telegram user @Timea999

How can I download MetaMask wallet on mobile phone do you have tutorial videos to help me how to set my wallet, can this wallet also be used on my personal laptop?

Richard:

We have some tutorials in our royalprotocol.io/guide more videos and tutorials coming soon to help people from all over the world participate in our exciting innovations and games.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Royal Protocol project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

  English Telegram group  |  Russian Telegram group   |  Spanish Telegram group  |  Telegram Channel   |  Twitter |  Website 

Our Crypto Partner by this AMA: Royal Protocol

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