SappChat x Satoshi Club AMA Recap from 5th of July

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 SappChat and our guests were @ogtothestar @sappchat001 @osopn and @vladimir_katansky. The AMA took place on 5 July.

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 community

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Sapp! Welcome to Satoshi Club😀

Sapp Chat: Thanks for having us today

Mary | Satoshi Club: Hello, welcome to Satoshi Club 👏

Gold Rocket | Satoshi Club: Hi dear Satoshi Club❤️!

Mary | Satoshi Club: How’s going?

Sapp Chat: I am the speaker for today’s AMA

Other team members are also here with us

Gold Rocket | Satoshi Club: Hello our guests🤗

Mary | Satoshi Club: Nice to e-meet you! Let’s start 🚀

Sapp Chat: 🆗

Mary | Satoshi Club: For the beginning we want to ask you to introduce yourself and tell us more about Sapp!

Gold Rocket | Satoshi Club: Introduce youreself😊 As far as I know our guests today

@ogtothestar @sappchat001 @osopn and @vladimir_katansky

Sapp Chat: SappChat began its journey a few years back with few team members, and today we are blessed with a strong team that brings decades of extensive experience in building successful products and solutions with immense expertise in blockchain development, software architecture, security, business, engineering, security, finance, marketing, and legal.

Gold Rocket | Satoshi Club: it sounds very promising👍

Sapp Chat: Kindly check SappChat team’s profile and their corresponding Linkedin here: https://sappchat.com/team/

Also you can check our strategic partners here: https://sappchat.com/token-sale/ (scroll to second to last section of the page)

Follow us on social platforms (E.g. Telegram https://t.me/sappchatchannel , twitter: https://twitter.com/SappChatApp etc.) for more of our strategic partner announcements!

Mary | Satoshi Club: What is a main idea behind Sapp? How long did you develop Sapp?

Gold Rocket | Satoshi Club: Thanks for sharing👍

Sapp Chat: Do you mean SappChat

Mary | Satoshi Club: Of course 😀

Sapp Chat: Thanks for the question

We came up with the SappChat idea around 2019 as a result of a need in the market:

For instance mobile applications have become an integral part of today’s phones that contain multimedia features such as text/audio/video chats, group chats, message notifications, status updates, and media sharing.

Gold Rocket | Satoshi Club: Yes! it is very relevant😌

Mary | Satoshi Club: A lot of features! Very interesting!

Sapp Chat: The use of mobile applications exceeds the use of social networking websites, with the most prominent applications being WhatsApp (with over a billion users), WeChat (with more than 900 million Chinese users), same goes to Facebook, Viber etc.

Today, no Interpersonal communications and financial operations are private and safe anymore. More so, mobile payments, money transfers, and shopping are not excluded from these types of privacy violations in most countries worldwide.

For detailed reasons, please check our “ABOUT” Page: https://sappchat.com/about/ and Whitepaper: https://sappchat.com/docs/

Mary | Satoshi Club: Sure! We will definitely check this!🚀

Thank you for your intro😀 are you ready to dive deeper into the details with the questions from our community?

Sapp Chat: Still answering the above question in detail.

Mary | Satoshi Club: Sure 😃

Sapp Chat: Sappchat is a game-changer in the use of mobile messaging. In Sappchat, we aspire to return to each individual worldwide the control over personal safety and privacy and, most importantly, the control over their life.

SappChat is the world’s first Decentralized Messaging App with integrated Decentralized Banking powered by Blockchain and Artificial Intelligence Technology.

Mary | Satoshi Club: Why you need blockchain for Sappchat?😃

Sapp Chat: Sappchat fully implements Blockchain technology and its bullet-proof encryption to ensure the complete privacy of users.

🆗

Gold Rocket | Satoshi Club: Thank you very much for your answers! ready to move on to questions from the community? 🙂

Sapp Chat: Yes please.

Q1 from Telegram user @h1drX

One of the unique and innovative features introduced in Sappchat is the integration of Artificial Intelligence (AI) technologies in the application. Many platforms use artificial intelligence for multiple algorithms that determine certain things, so I am interested in knowing what artificial intelligence is for in Sappchat. What are the applications that you give to artificial intelligence in Sappchat?

Sapp Chat: The Artificial Intelligence feature provides new services within SAPPCHAT Messaging App for better user experience. This helps for a high level of optimization, to better utilize blockchain and to provide adequate service quality that would support high capacities on both the communications and financial transactions happening on SappChat App.

For example, with this unique feature, users can better understand who they are chatting with, which will invariably improve their chatting experience. It learns from the user pre-typed responses or messages, and helps make smart responses when the need arises.

Sappchat’s AI would also allow users to use their voice to take action, search for exchange and protocol partners, surf contacts and manage the user’s wallet seamlessly without touching the device.

Gold Rocket | Satoshi Club: What interesting tools and features!

Sapp Chat: Lastly,Sappchat’s AI embedded technologies would provide users with financial predictive analytics and insights on cryptocurrency trades. i.e. the technology will track the values of cryptocurrencies and their trade and will offer Sappchat users recommendations based on financial predictive analytics, including exchange rate forecasts and expected completion of transactions.

Mary | Satoshi Club: Pre-typed responses? It will be like T9?

Where you will get this analytics? Will third parts be involved?

Sapp Chat: Not much involvement, as we would use few existing API to make this possible.

Q2 from Telegram user @xperia3

People care about their privacy and data. The latest incident with Whatsapp proved this. Many Whatsapp user abandoned Whatsapp due to privacy issues and moved to other apps which provide better privacy. Please give some information about the privacy level of Sappchat. How private will be the users chat and data? Do Sappchat use the data from its users? How decentralized is Sappchat and how much do Sappchat team determined to stay decentralized?

Sapp Chat: SappChat is a fully decentralised platform with the help of end-2-end encryption where nobody except the interlocutor can decipher the chat messages.

We use top-notch end-2-end encryption technology and the release version of the application will contain it in a full-form. That means, we don’t have any way to decipher the information from chats, only participants can read their chat. Fully anonymous and impossible to penetrate.

On top of that, our data is distributed through secured channels(https) following best practices and the storage protected by being hosted on the private cloud network. Internal communication on the server also happens over the private (VPN) networks only. The system supports more security standards and compliance certifications than any other solution on the market, including PCI-DSS, HIPAA/HITECH, FedRAMP, GDPR, FIPS 140-2, and NIST 800-171.

While we can’t reveal all the details by the matter of the subject itself, you can be assured that data privacy & security is SappChat’s top priority.

Mary | Satoshi Club: Everything looks secure ☺️ btw, about additional security? Did you have any audits?

Sapp Chat: We have been audited by two reputable Auditing firms (CertiK and QuillAudits). The reason for making two audits is based on the fact that we take security and privacy very seriously.

You can find the two Auditing Reports here: https://sappchat.com/docs/ (download and read).

Mary | Satoshi Club: 👏👏👏 awesome!

Gold Rocket | Satoshi Club: safety first👍

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

Gold Rocket | Satoshi Club: Thanks for sharing

Sapp Chat: 👍🏽

Q3 from Telegram user @luk4jah

In the social media category,there are specific apps that are more popular in the non-English speaking countries.For e.g in China Wechat,Sina Weibo and Renren are popular there,while South Korea has KakaoTalk etc. Because of the increasing importance of mobile apps, does Sappchat have any plan to localized their app to fit the needs of people who speak other languages?If you have plans to localize your app,which top languages will start with aside English?

Sapp Chat: Spanish and Korean first.

Our website (https://sappchat.com/ ) is fully translated in Korean and Chinese language. It will be followed by Spanish, German, and more other localized languages in the future.

Gold Rocket | Satoshi Club: Do you have any ambassador programs?

Mary | Satoshi Club:As i know some social platforms prohibited in China😀 what will you do to prevent this from happening with SappChat?

Sapp Chat: Yes, we are currently working on the ambassadorial program. It is in the pipeline. Stay tuned for the announcement.

We have a dedicated legal department that is proactively working to mitigate such situations.

Q4 from Telegram user @Asela1112

Talking on Sappchat tokenomics, as a BEP20 token, only 40% $APP from the total supply is to be distributed among the community members during token sale. What will you expect to do with funds coming from $APP token sale? Other 60% $APP tokens are allocated as 20%- Marketing, 20%- staking liquidity, 10%- team & advisors, 5%- future development, 4.9%- community airdrop & lastly 0.1%- early backers. What is the purpose of this $APP token allocating method? I couldn’t discover any of burning mechanism & transaction fee of Sappchat tokenomics. How do you mitigate the price volatility & inflation rate of $APP without any burning protocal? Do you think, the price of $APP will be stabilized even in dump situation of the crypto market without burning protocals? Can you tell us what’s the transaction fee of $APP token? For what will transaction fee be used in Sappchat ecosystem? Or will you not incur any transaction fee in Sappchat ecosystem?

Sapp Chat: What we will do with the funds coming from token sale has been fully explained in our tokenomcs: https://sappchat.com/tokenomics/ under Fund Utilization. The purpose of the token allocating method is for proper organization, planning and to support our roadmap: https://sappchat.com/roadmap/ . We Actually have a burning mechanism in place. For example we have planned 10% of raised funds to be used for buyback and incrementally burn APP token after presale, which will help the price of sappchat to stabilize. This mechanism will also help the total supply to be reduced which would bring about appreciation in the token price.

Sapp Chat: ✅

Gold Rocket | Satoshi Club: where can we buy $APP

Sapp Chat: 📌 PHASE 5 IS NOW LIVE & ONGOING AT PRICE $0.012 / 1 APP 🔥

✅ Listing price will be about $0.1 🚀

You can participate here 👇👇

Token Sale

🖇 STEP BY STEP HOW TO JOIN: There are two sections in medium post to buy;

A . BUY WITH COMPUTER SECTION

B. BUY WITH MOBILE PHONE USING TRUSTWALLET

https://sappchatapp.medium.com/how-to-participate-in-the-app-token-pre-sale-96093e239fa8

Test SappChat MVP https://docs.google.com/forms/d/e/1FAIpQLScDgKQh6yZJF47-A9kYYyHCBr1shqDAkIclbB1ZYMJrfLMO4A /viewform

Contract Address: https://bscscan.com/address/0xa64ee256d51d52c31fec7eb5e372ac0c45a8a3f4

For More Info About SappChat;

Website (https://sappchat.com/ ) Twitter (https://twitter.com/SappChatApp ) Medium (https://sappchatapp.medium.com/ )

Telegram Group

(https://t.me/sappchat) Telegram Channel

(https://t.me/sappchatchannel )Whitepaper/Audit report

(https://sappchat.com/docs/ )Featured in

YahooFinance (https://finance.yahoo.com/news/sappchat-providing-safe-communications-financial-111900943.html ) NewsBTC (https://www.newsbtc.com/press-releases/sappchat-providing-safe-communications-and-financial-operations-on-the-blockchain/ ) BitcoinInsider (https://www.bitcoininsider.org/article/112137/sappchat-providing-safe-communications-and-financial-operations-blockchain )

VESTING PERIOD: Ends in August 31st. This is to ensure fair distribution of tokens. However, this can easily be reduced based on the progress Token Sales.

👉Earn more APP Tokens with your referral link.

Gold Rocket | Satoshi Club: Thanks for your answers😊

Q5 from Telegram user @orlemys

SappChat offers an NFT Marketplace, but I couldn’t find much info about it. Where will you get your NFTs from? Can NFT creators use your platform as a developing tool? What are the genres of the NFTs you will offer?

Sapp Chat: Sappchain NFT marketplace is where users can offer and purchase unique NFT artworks and stickers to enrich their communication experience. The NFTs can be browsed via the Sappchat store and purchased with one click by confirming the payment from the user’s wallet. The NFT is delivered to the user’s wallet and can be used in personal and group chats, benefitting Sappchat users with extensive options to personalize their communications with others

Mary | Satoshi Club: Which currencies we will be able to pay with? Any fiat?

Gold Rocket | Satoshi Club: How will the artists be selected? Do they need to pass KYC?

Sapp Chat: Acceptable mode of payment (Crypto) would be made available once SappChat NFT marketplace is Live.

We shall invite some artists personally based on their previous work, we are not conducting any KYC as the NFT platform is fully decentralized.

Q6 from Telegram user @KhaleesiTheCryptoLady

I saw on SappChat Telegram that using our referral link, we might earn additional $APP Tokens. Could you kindly provide additional information about this? How many referrals can we accept, and do you allow users worldwide? How will you avoid against cheaters and multiple accounts?

Sapp Chat: SappChat referral programme is introduced to allow Sappchat community members to become Sappchat’s advocates by recommending Sappchat App to their friends and family.

How many referrals can we accept: Participants can invite as many people as possible, so there is no limit to the number of people that can use a particular referral link.

Do you allow users worldwide? SappChat is a global decentralized messaging application. All users can share their referral link with friends, family and any groups they belong to and enjoy a 10% bonus on every transaction made by each of your referrals.

Sapp Chat: ✅

Mary | Satoshi Club: Fantastic! You community has a lot of opportunities to earn😀

Thank you for your answers! And now the most exciting part of our AMA is near! Live part! Ready for it?🔥

Sapp Chat: Yes

Part 2 — live questions from the Telegram community

Q1 from telegram username @oichingla

Telegram is better than whatsapp, do you think Sappchat can be better than Telegram ?

Sapp Chat:

🌎 SappChat, connecting people around the world personally, financially, privately and securely.

For More Information About SappChat:

🔸Website: https://sappchat.com/

🔸SappChat Team: https://sappchat.com/team/

🔸Medium: https://sappchatapp.medium.com/

🔸Twitter: https://twitter.com/SappChatApp

🔸Telegram Main Group: https://t.me/sappchat

🔸Sappchat Roadmap: https://sappchat.com/roadmap/

🔸SappChat Tokenomics: https://sappchat.com/tokenomics/

🔸Telegram Dutch Group:https://t.me/sappchatdutchcommunity

🔸SappChat Token Sale page: https://sappchat.com/token-sale/

🔸Telegram Announcement Channel: https://t.me/sappchatchannel

🔸Whitepaper/Lightpaper/Audit Report: https://sappchat.com/docs/

🔸YouTube: https://www.youtube.com/channel/UClmwJ994EOksOscijyjnScg/featured

🔸Smart Contract Address: https://bscscan.com/address/0xa64ee256d51d52c31fec7eb5e372ac0c45a8a3f4

Q2 from telegram username @Rakshitx5

Hi @sappchat001👋

Sappchat is a perfect app for those who are in crypto but there are not many features for those who are not in Crypto. So your main focus is on the crypto audience only or you are focusing on bringing the non-crypto audience too?

O E: The main goal is to help global adoption of cryptocurrency, however we have features like chat, call, voice note, image sharing and gifs. We strongly believe these features are enough to attract non crypto users before they fully get into cryptocurrency.

Q3 from telegram username@AugusS7

Will this decentralized messaging application require an internet connection such as whatsapp and telegram? Or will it really work like the normal messaging used in each country?

Sapp Chat: Of course, SappChat decentralized messaging App requires internet to be fully functional.

Q4 from telegram username @BJosefina61

Are the Sappchat wallets self custody or is Sappchat responsible for the storage of the private keys? In other words, the accounts in Sappchat in that sense can be banned, and does this affect the money?

O E: Sappchat does not hold your tokens, but rather we have integrated Trustwallet into the application, hence you need Trustwallet in order to use Sappchat. Trustwallet is one of the most trusted crypto wallet and we have carefully integrated Trustwallet into the application as a non custodial wallet system.

Q5 from telegram username @JoanaZ

➡️➡️Sapp is an application focused on offer a chat features and the transaction of cryptocurrencies, so can you please tell us how much types of coins and token networks do you support ?

O. G. Admin (Will never DM you without prior warning): We plan to expand to Binance Smart Chain and Ethereum Network in the beginning and any other network in a future as soon as Trust Wallet works with it. This will give us an opportunity to have access to all tokens circulating in such blockchain.

Q6 from telegram username @Zohaya

When will Sappchat app be available in Google Play and AppStore? Have you done testing it?

@sappchat001

Sapp Chat: 📌 OPEN TESTING OF SAPPCHAT MVP!

🔹The SappChat MVP is currently available as Open Testing Early Access Beta on both AppStore and Google Play.

🔹We welcome our dear community to participate in this open testing by filling this form:

REWARD: $5000 worth of APP token will be shared among the 500 lucky People that will be testing.

Google form:

https://docs.google.com/forms/d/e/1FAIpQLScDgKQh6yZJF47-A9kYYyHCBr1shqDAkIclbB1ZYMJrfLMO4A/viewform

Q7 from telegram username @surendra040

@ogtothestar @sappchat001 @osopn @vladimir_katansky

Can anyone use sapp chat freely or is there any cost or tokens needed to be hold inorder to use?

O E: Sappchat is free to use, you do not need to pay anything to use sappchat, nonetheless you would need App token in order to fully maximise the features on the Sappchat defi section.

Q8 from telegram username @arbestefy

More and more competitors are added to the market, which makes everything more exciting, risky and one should have maximum confidence and security when investing. What do you differentiate, why should the user choose this project?

Sapp Chat:

🌎 SappChat, connecting people around the world personally, financially, privately and securely.

For More Information About SappChat:

🔸Website: https://sappchat.com/

🔸SappChat Team: https://sappchat.com/team/

🔸Medium: https://sappchatapp.medium.com/

🔸Twitter: https://twitter.com/SappChatApp

🔸Telegram Main Group: https://t.me/sappchat

🔸Sappchat Roadmap: https://sappchat.com/roadmap/

🔸SappChat Tokenomics: https://sappchat.com/tokenomics/

🔸Telegram Dutch Group:https://t.me/sappchatdutchcommunity

🔸SappChat Token Sale page: https://sappchat.com/token-sale/

🔸Telegram Announcement Channel: https://t.me/sappchatchannel

🔸Whitepaper/Lightpaper/Audit Report: https://sappchat.com/docs/

🔸YouTube: https://www.youtube.com/channel/UClmwJ994EOksOscijyjnScg/featured

🔸Smart Contract Address: https://bscscan.com/address/0xa64ee256d51d52c31fec7eb5e372ac0c45a8a3f4

Q9 from telegram username @KhaleesiTheCryptoLady

🔥How do you prioritize users’ privacy and make every effort to establish a private and secure chat environment where users don’t have to worry about their data being stolen or leaked? What technique have you devised to ensure that none of these circumstances, such as data leaking or theft, occur on the Sappchat platform?

@ogtothestar @sappchat001 @osopn @vladimir_katansky

O. G. Admin (Will never DM you without prior warning):

If somehow hacker will acquire data from utmost secure private cloud server – he or she won’t be able to do much with since it’s encrypted. We have some secret sauces around that topic but can’t share much due to nature of this data. Nobody, even SappChat, will be able to decypher it. Only chat interlocutors

Q10 from telegram username @Yasmin1234

Attacks on your sensitive data are impossible. Can you please eloborate this? How can you be so sure about the security?

O. G. Admin (Will never DM you without prior warning): As mentioned before, end-to-end encryption algirthms guarantees stolen content cannot be decyphered. But before getting there, hackers has to breach #1 world cloud provider first.