South Park x Satoshi CLUB AMA Session 06 Jun 2021

South Park x Satoshi CLUB AMA Session 06 Jun 2021

South Park Hidden yield farm gem on Polygon — South Park — the only farm with unbelievably high APR, smart tokenomics and 3-lvl ref system!

PART 1. Introduction of South Park project and community questions.

Hello, Satoshi clubbers and guests of this site. Do you like South Park cartoons? Today our guest from South Park Finance. Are you happy? Yeah, let’s talk about this project.

The plan of AMA session:

  1. Part – Introduction and preselected questions.
  2. Part – Live questions
  3. The Quiz about South Park

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @Satoshi_club

D. | Satoshi Club – @Cool_as_Ice

The Representative of the project:

Timmy Burch – @timmy_sp_admin

Introduction of South Park finance project.

Mary | Satoshi club:

Hello, Satoshi club! We are happy to announce our ama session with Southpark finance! Welcome to Satoshi club😀

D| Satoshi club:

Today our guest – @Timmy_sp_admin ! 👏Timmy!

Mary | Satoshi club:

Hello, Timmy! Happy to see you here 👍

D| Satoshi club:

Good to have you here Timmy!

Mary | Satoshi club:

How’s going?

Timmy burch:

Hey, mary and d.! Thank you for having us here and me as a spokesperson for the whole team of South Park!

Mary | Satoshi club:

We love South Park🎉 and it’s a pleasure to have you here today! And as usual we will start with an intro😀

Timmy, please, introduce yourself and give us shot introduction of South Park finance 🚀

Timmy burch:

Me, Timmy, I used to be less than unnoticed but after South Park came to DeFi I felt myself born for the second time! I can speak, I can talk! Mary! I even can walk!

D| Satoshi club:

Incredible 🤩

Timmy burch:

All thanks to the team. We are a group of 4 people working hard together to make our beloved South Park shine in DeFi field.

Three developers, one marketer and part-time desiger (i believe he’ll become full-time of the team soon) – is a small but hardworking team of enthusiasts so heavily devoted to a common goal – built something noticeable in yield farming these days.

Mary | Satoshi club:

Is Kenny in your team?

Timmy burch:

Of course, he is on our team – he is our token! 🤑😂🤣

Mary | Satoshi club:

Ahaha, so no one will kill him😂 Why South Park?😀

Timmy burch:

Even if so – he will always come back to life 😉

D| Satoshi club:

Btw, south part is your hobby project? Which you building in free time?

Timmy burch:

Yes, let me tell you more about what South Park is Of course because we all love it! It is our main project and later you will see why we can’t do it part time

Mary | Satoshi club:

My son loves it and me as well

Timmy burch:

Okay, let’s get back to the main question – what is South Park on polygon network.

Mary | Satoshi club:

Sure!😀

Timmy burch:

South Park is the last resort for everyone who takes yield farm seriously and craves high APRs, smart tokenomics, and a profitable referral system.

D| Satoshi club:

This is an interesting choice. I think you one of the first newly born project on our ama, which chosen polygon as its first chain, the main chain

Mary | Satoshi club:

As I know you started to experiment with polygon😉

Timmy burch:

It was a non-brainer as polygon is on fire nowadays!

Mary | Satoshi club:

You follow the trends!

Timmy burch:

South Park has it!

D| Satoshi club:

Yes, yesterday, very cool experience 👍

Timmy burch:

I’m wondering. If you know any better than 3 level referral system in projects running on smart contracts?

Mary | Satoshi club:

Even I haven’t seen such system for a long time😀

Timmy burch:

Exactly! That’s what Kyle was pushing for on our daily meetings! And I believe he was right – having income from friends of your friends is the best you can find among competitors in yield farming!

Mary | Satoshi club:

Sounds good 😊 Timmy, thank you for your intro! Are you ready to go to the questions from our community?

Timmy burch:

Let me give our project a more detailed introduction.

For starters – we are running our DAPp on polygon – the most advanced, fast second layer solution network with unbelievably cheap transaction fees.

For the second – our APRs are mind-blowing! Totally cartmans idea, by the way.

For the third – our referral system will make you rich. End of discussion! Just don’t be lazy, lol

For the last – our tokenomics is smarter than it looks from the first glance. We’ve put lots of thoughts into it to make our token – Kenny – deflationary.

Preselected questions about the South Park finance DeFi project.

D| Satoshi club:

I won’t ask too much about this, because I believe we have a question in the first part related to this topic  😄 Let’s goooo!🚀 thank you for the nice intro!

Q1 from telegram user @xperia3

There are some projects in the market uses some of the famous cartoons or animes such as pokemon, however, they do not have an official agreement with these productions. Do Southpark finance really have an physical agreement with South Park? How legit is Southpark finance?

Timmy burch:

At this stage of our project we can’t disclose anything related to this topic. All I can say is that we are in contact with the rightsholders.

Mary | Satoshi club:

Ok, so we have hope that you won’t have any problems with this topic?

Timmy burch:

DeFinitely!

D| Satoshi club:

Did you try to reach South Park creators? Via social media, and somehow discuss with them your vision on a project?

Or probably you have plans on this?

Timmy burch:

We are in process of negotiating. Wait for some news. 😉

D| Satoshi club:

Okay, go it 👌

Mary | Satoshi club:

Ok, we will follow your updates! Thank you for your answers! Ready to proceed?

Timmy burch:

Timmy! Yes, mary!

D| Satoshi club:

Q2 from telegram user @ruttiee

While researching on your project, I noticed that one of issues highlighted in your audit report is the risk of liquidity centralization. The report states that liquidity gets added to the operator and the operator has control over most of the token liquidity. This implies that the project team can easily remove liquidity and rugpull. This raises serious concerns about the security of investors fund especially with the high number of rug pull going on in the crypto space, how will Southpark.finance ensure it’s holders and prospective investors that the team won’t remove liquidity and rug pull? Has southland resolved these issues in its smart contract since the audit?

Timmy burch:

We have planned an event when we will start to send it to the token address so that liquidity will not be unwrappable and sellable. We created South Park to shine and prosper for many episodes and series ahead and we’ll never harm our beloved place!

D| Satoshi club:

When will this event happen?

Mary | Satoshi club:

Ok, trust builds not only on code, vut also on personal trust😀 can you tell us who is in your team?

Timmy burch:

As far as I remember – in less than 48 hours. Oh, wait, I have a precise time – June 8, 5pm utc

Three developers, one marketer and part time designer (I believe he’ll become full time of the team soon) – is a small but hardworking team of enthusiasts so heavily devoted to a common goal – built something noticeable in yield farming these days.

We have intensive knowledge in smart contracts and web development and have been in the crypto world since as early as 2011!

Mary | Satoshi club:

And this issue will be removed after this event? Do you plan additional audit to insure your investors that everything is safe?

Timmy burch:

Yes, as security is very important to attract big investors!

We’ve suffered at least two rug pulls – both hard and soft ones and decided to create our own project – safe place for our own money and for everyone who will join South Park.

D| Satoshi club:

True, security is super important, it gains trust to the project

Mary | Satoshi club:

Are you public or anonymous?

Timmy burch:

At this stage of our project, we are anonymous and eventually we will demon as we don’t see us growing without introducing our identity to our community.

Mary | Satoshi club:

That’s nice, we will follow your updates!

Timmy burch:

Timmy! 💪😉

Mary | Satoshi club:

Timmy, thank you for your answers! Ready for the next question?

Timmy burch:

Yes!

D| Satoshi club:

Q3 from telegram user @asela1112

Automatic liquidity implemented as 5% transfer tax on each transaction of its native token Kenny in South Park. What transactions fall under taxation & what transactions with tax free? 3% will be added to the Kenny-matic liquidity pool & 2% will be added to the reinvestment pool. Most of the platforms redistribute about 2% to their native token holders or staking holders. How about South Park platform in this matter? Is there any automatic burning protocol when a transaction occurs, without affecting in inflation rate?

Timmy burch:

Indeed, South Park has a 5% transfer tax on each transaction of its native token Kenny in south

– 3% will be added to the Kenny-matic liquidity pool through the contract automatically. Liquidity will be added on quickswap.

-2% will be added to the reinvestment pool through the contract automatically.

What transactions fall under taxation?

1) wallet to wallet transfers

2) Kenny swaps for any other token

3) add/remove liquidity on quick swap for any pairs with Kenny

4) staking Kenny in pool

5) harvesting from any pool or farm

6) withdrawing from reinvesting pool

Timmy burch:

What transactions with Kenny are tax-free?

1) reinvesting Kenny

Let’s see how taxation works when you add/remove liquidity on quick swap on example of $1000 Kenny: $1000 Matic.

You will receive lp tokens for $950 Kenny: $950 Matic liquidity and $50 Matic back.

$50 Kenny tax will be sent to

1) $30 to Kenny-matic liquidity

2) $20 to reinvestment pool

Mary | Satoshi club:

How does the reinvestment pool work?

Timmy burch:

In South Park we don’t distribute 2% directly to token holders. We send it to the reinvestment pool and those who participate in it share it.

Let’s see how the reinvestment pool works.

The only way to stake your Kenny in this pool is to reinvest your rewards Kenny from other farms or pools.

Just click button reinvest instead of harvest and your Kenny will be staked to reinvestment pool. Strating from this moment except of rewards per block for staking in the pool with 30x multiplier you will share all those 2% taxes!

Mary | Satoshi club:

How many Kennys already were shared?

D| Satoshi club:

Thanks for explanation! Any plans to get listing on some CEX? Anytime soon

Timmy burch:

SouthPark Finance kenny

Currently, almost 600 000 Kenny were shared among shareholders of the reinvestment pool!

Yes, this week, stay tuned! First, we need to implement the answer to the first question and then listing 😉

D| Satoshi club:

Gotcha, that’s good news!

Mary | Satoshi club:

It’s 3600$ by current price!

Mary | Satoshi club:

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

Timmy burch:

Yes, sure!

D| Satoshi club:

Q4 from telegram user @pixma00

The only farm with an incredibly high apr and a tokenomics smart enough to handle the selling pressure on its native token, Kenny.  What is the yield and apr rates?  How many levels is your referral system divided into?  What strategy will be applied so that Kenny lives forever?

Some of these questions were answered, but you can add something new, if you want.

Timmy burch:

1) current apr is up to 5000%

2) we have 3 levels of referrals – you can earn from friends of your friends!

3) we are prepared to run an aggressive marketing campaign, implement a South Park game that will involve Kenny, and become an ad company on DeFi. We are ambitious and determined.

Mary | Satoshi club:

How does referral system work? What referred friend should do?

Timmy burch:

From your direct referral you get 1%, from his direct refs — 0.3%, from their direct refs — 0.1% 🤑

All you need to do is to share your referral link with your friends and communities.

You can find your link here

Mary | Satoshi club:

Should he investor, for example, just sign up?

D| Satoshi club:

Percentage will always be the same, or you can change it in both ways?

Timmy burch:

You will get rewards when he harvests his rewards!

The percentage will be the same unless the community asks for changes. Remember that we’ve implemented timeclock and we can’t change anything immediately.

D| Satoshi club:

Got it! Thanks for the answers! Ready for the next question?

Timmy burch:

Yes! Timmy!

D| Satoshi club:

Q5 from telegram user @cryptofollower

You implemented a feature named harvest lockup. It is introduced on South Park to limit the frequency of harvest which acts as a protection layer from token volatility. But you announced that time to be 4 hours. Why is that? I’ve seen on some projects that harvested coins are locked for weeks or more… what will be the benefits of harvest lockup and why did you implement it? Do you plan to change the time in the future and is it possible to change with governance?

Timmy burch:

As I said above we can change some parameters of our South Park yield farm but only when demanded by the community.

We’ve chosen 4 hours specifically after lots of debated on this topic in the team. Cartman wanted to make harvest available at any time! But how can this work with high emission per block? Kyle wanted it to be 72 hours as it would give the team time to introduce new token use cases and do marketing moves. After a long discussion, we’ve chosen 4 hours as it turned out to be more reasonable.

Mary | Satoshi club:

Who can see how many coins are locked and when unlock will happen? Team? Or all users?

Timmy burch:

We don’t monitor that although it is technically possible. Instead, we put our time into the development of the next feature. Anyone with extensive knowledge in smart contracts can figure this out I guess although I am not part of the technical force in our team and I can’t say for sure. What I can tell you though is that it doesn’t really matter as people have their harvest unlock time in pretty evenly spread time so we haven’t seen any peaks of selling pressure.

Mary | Satoshi club:

Gotcha 👍 Timmy, thank you for your answers! Ready for the 6th and last question from this part?

Timmy burch:

Yes!

D| Satoshi club:

Q6 from telegram user @imwiiw27

Since your project name is Southpark, that based on American animated series. Do you have plan to make similar character in Southpark as NFT?

Timmy burch:

Yes, stay tuned and wait for announcements!

D| Satoshi club:

So, the time for NFTs release is not set?

Timmy burch:

Yes, we don’t have a precise date.

D| Satoshi club:

👌 @madamlobster are we ready for the second part?

Mary | Satoshi club:

We will wait, it will be great to see all characters as NFTs😁

Timmy burch:

Yes!

Mary | Satoshi club:

I am, let’s ask Timmy. Then, let’s go 🚀

PART 2.Questions about the South Park finance 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 South Park finance 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 @BJosefina61

Why do some pools have a higher multiplier factor than others (from 5x to 60x)?

Timmy Burch:

I find this very interesting. First for the data 🙂 , but secondly because it’s a very interesting case for governance. The $TSX will allow users to vote, and the TSX will be distributed to users of the platform by liquidity mining. I find it very powerful and unique that the community itself will be able to decide what goes next, what should we change, enhance, etc. We are considering adding next soccer, and then e-sports in the original plan.

Q – 2 from a telegram user @vedamatrix

Are there any plans to add mini-games into the project after NFT release? 

Timmy Burch:

Game is coming soon! Stay tuned!

SouthPark Finance game

Q – 3 from a telegram user @highpee

Your team is made up of only 4 full TEAM MEMBERS. Don’t you this they will be overworked with the great scope and objectives you have set for this project? Are you guys working remotely or you are together working in the same location? Will you be employing more hand?

Timmy Burch:

We definitely will have to scale at some point. I guess for now though we have enough power to meet all milestones on our roadmap. Two devs are working together, the other dev, marketer and designer – remotely

Q – 4 from a telegram user @JoxesXIII

t is very interesting that the TVL is + 1M$ while the mcap continues at 58k$; From the point of view of the project, do you think there is still potential ahead to consistently increase the TVL?

Timmy Burch:

Our project is highly undervalued in my opinion. With unique taxation system, high APRs it is capable to suck in hundreds of millions in TVL. This time will come with agressive marketing and new feature releases! Stay tuned!

Q – 5 from a telegram user @Cheriemike

Do you have another audition soon?Apart from Oblieks?

Timmy Burch:

Audit from Obelisk is pretty thorough by the way. I believe this company deserves more attention and trust. Other audits are planned for later though.

Q – 6 from a telegram user @Guandog

Kenny has been characterized by being practically immortal, how do you plan that $KENNY tokens also have this advantage and make the token valuable in the long term?

Timmy Burch:

1) marketing
2) new features
3) partnerships
4) work with community
5) team deanon

Q – 7 from a telegram user @nitrogenpower

Where can I buy $Kenny just now did it list the token anywhere right now?

Timmy Burch:

https://quickswap.exchange/#/swap?outputCurrency=0x6b1faaa2771E8B3AA0e0ba6830436E2DF2a0abD6

But don’t forget that 5% will be deducted that’s why you need to set up slippage to be more than 5%

SouthPark Finance swaps

Q – 8 from a telegram user @cindy_crypto

South Park is based on Polygon it really looks like Pancakeswap how is it possible? Do you have BSC support or this just pancakeswap interface?

Timmy Burch:

It is based on QuickSwap. We will release our own AMM though 😉
Support for other networks is highly discussed in the team. If community will vote we’ll add support of BSC into our roadmap.

Q – 9 from a telegram user @arboledae

Many projects start but get stuck along the way, could you tell me if you plan to stay active and offer projects and opportunities to the community in the long term?

Timmy Burch:

Our motivation is like KENNY – it is immortal 😉
We will always keep up the good work and provide new utility to our native token. I see the main advantage right now is 3 level referral system. We are one of a kind in these terms.
The other is a recognizable brand. And as we progress – new features will add much more uniqueness to South Park!

Q -10 from a telegram user @arbestefy

What do you consider your main advantages, main outstanding characteristics of this project, and how do you demonstrate its transparency and efficiency?

Timmy Burch:

Here

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the South Park finance 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: 

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Our Crypto Partner by this AMA: South Park finance

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