The speed is something dangerous but very exciting. But there is nothing dangerous in Satoshi Club, but we can have exciting speed. And today we would like to tell you about the AMA session with our friends from TEAM Finance. The AMA took place on November 09 and our guests were TEAM Developer and Cop Smoke.

The total reward pool was 1500$ 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 Team.Finance! welcome to Satoshi Club:grinning:

D. | Satoshi Club: hello Satoshi club

TEAM Developer: Hello everyone

Cop Smoke: Thank you for having us

Mary | Satoshi Club: Hello, TEAM🥳 How are you today?)

TEAM Developer: We are great, and ready for our project’s biggest day ever, Blitz (today)!

Mary | Satoshi Club: Wow, it’s really a big day today!

Cop Smoke: We are making 6 announcements, one each hour from 12PM-6PM EST Today!

Mary | Satoshi Club: But first, can i ask you introduce yourself and tell us about your project 😉 and its announcement)

TEAM Developer: Sure. Team Finance is the fastest growing token locking solution in DeFi. We lock other project’s tokens (liquidity, and founder tokens) so that investor’s know that project is safe and committed to long-term success. To date we have locked over $12,000,000 worth of coins. Today, is our BLITZ event. Starting in 3 hours, we will be making 6 Announcements, 1 ANN each hour for 6 hours straight

Also followed by non-stop promotion and AMAs. That is why TEAM was #1 on CoinGecko last night, the world is excited to see what we have to say

Mary | Satoshi Club: You talk about this info:grinning:?

TEAM Developer: Yes. Many projects have locked and then withdrawn tokens by the way, but the total value locked to date is $12,000,000. Currently we have almost $8,000,000 inside our vaults

Mary | Satoshi Club: Oh, got it:grinning: thank you :+1:

TEAM Developer: Also, this number was achieved without fully launching the product. We have been locking tokens manually, today when we launch the website, we will grow infinitely faster

Mary | Satoshi Club: So, you had more than 25 projects locked with Team?)

TEAM Developer: Yes

D. | Satoshi Club: nice! not rookie numbers 😁

TEAM Developer: Including KP4R, OctoFi, YFIII, and many more

Mary | Satoshi Club: I like your progress :+1:

TEAM Developer: These projects trust us very much, they put the fate of their project’s into our lockers and we have not had a single issue to date.Now, we will scale and we hope to reach $100m locked very soon

Mary | Satoshi Club: Amazing:+1: Congrats with this) And i think you want to explain us more about #TeamBlitz 😉

TEAM Developer:

It starts in 3 hours. It will be back-to-back announcements with a lot of promotion and marketing, all condensed into 6 hours. It is the first ever event of its kind. We are very excited, and many new people will hear about TEAM today after this event. Already, our group has grown by a lot of users

Mary | Satoshi Club: Oh, and we won’t have announcements during our AMA?🥺 We like news to be announced here:grinning:

TEAM Developer:First Announcement will be at 12, but I can tell you that our 6th announcement is the most exciting. Each announcement gets bigger and bigger

Mary | Satoshi Club: Great:+1: we will follow you:grinning:

TEAM Developer: This AMA will get your viewers into the Blitz early, because most of crypto will only hear during the Blitz 😉

D. | Satoshi Club: and last one, i bet would be listing on Binance?

TEAM Developer: We are in talks with some indivduals from Binance, but this is something we may wait for Blitz #2 for Last announcement is regarding the TEAM Platform itself. This is your sneak peek

Q1 from Telegram user @dashinberlin

You offer a non-custodial coin locker for team or other project tokens to bring more trust for the project. But as I know, every team can lock their tokens through a smart contract which can be verified by everyone. Why would they need to engage with a third party service for this?

TEAM Developer: Great question. This is true, any project can create their own locking contract, but there are the following problems:
1: Will it have vulnerabilities that will allow a hacker to steal everything?
2: Does the project have the $ to pay for an audit to prevent problem #1?
3: Even if the contract is safe, will investors believe you?
4: Do you want to spend the money and time building that contract, when a platform like TEAM exists and does it in a few minutes?
Additionally, TEAM provides projects more exposure, and adds more trust to a project’s name.

It is so easy to lock into team, and then display our front-facing profile to investors, most projects choose this option instead.

Mary | Satoshi Club: We have some projects with the same or near features on the market, like Unicrypt) Why project have to choose Team? Actually we will have a question about this) a bit later)

TEAM Developer: TEAM will be offering free liquidity locking for all projects, this will let us compete with Unicrypt. For the “Project Token” locking service, there are few other solutions like TEAM. We have locked more Project Tokens than anyone else, and we will continue to dominate that area.

Mary | Satoshi Club: Btw, do you have any requirements for projects which want to lock tokens?)

TEAM Developer: No, our platform is completely autonomous and anybody can lock. We scan the smart contract to check for vulnerabilities/risks, like a mint function and add spender, this way investors can see if the project has hidden traps aside from regular rug pull tactics.

Mary | Satoshi Club: So, you scan) i like this)

TEAM Developer: Yes. Very important to prevent rug pulls

Mary | Satoshi Club: They like to hide. Did you have project which applied for lock, but you found hidden traps and had to refuse it?

TEAM Developer: No, we have not had this issue. And after today, when the platform is live, we will not reject anyone, everyone can lock on out platform, just like Unicrypt. However, that is why we provide tools for investor’s to analyze whether the project is a safe investment. But anybody can lock, keep this in mind

Q2 from Telegram user @halvving

What fee do you take from projects to lock their tokens and is it enough for your team to be sustainable with the fee you take? Do you have any financial projections?

TEAM Developer: This will be announced, as it is integrated into our token model (another hint about our Blitz ANN) You will have to wait and see later today those exact details

Mary | Satoshi Club: Ok, we have one more hint:+1:

Q3 from Telegram user @tronsupporter

I’ve heard about your idea before and I think you have competitors in the market. Do you have an analysis regarding their success? I am also interested if you had any customers until now as well

TEAM Developer: Yes, we have many projects which have locked with us. Our competitors..

I wont mention all by name, but nobody has locked more than us for Project Tokens, and as for liquidity, I predice we will beat them soon (in a couple months). Then we will dominate the locking space

Mary | Satoshi Club: Revolutionary plans:+1:

TEAM Developer: Here is an example https://etherscan.io/address/0x06d0ccbfa6f1eec7ca61288f8545efd977384c70

Go here

This is how much TrustSwap has locked. We have locked $12,000,000. That is 120x more

Mary | Satoshi Club: Not so much) if you are talking about locks) they also have a lot of transactions here https://etherscan.io/token/0xCC4304A31d09258b0029eA7FE63d032f52e44EFe

TEAM Developer: Yes, thats their coin. I am talking about product

Mary | Satoshi Club: But i think it’s different then locks)

TEAM Developer: Our product is beating theirs, with respect to locks. But they have a good project and I am sure in many areas will succeed.But in the locking area, i think we will beat all of our competitors

D. | Satoshi Club: what about LID Protocol? is it your competitor?

TEAM Developer: In a sense yes, but they are more of a launchpad. We focus on locks

D. | Satoshi Club: ok thanks for clarifying! i know the difference now 😇

Q4 from Telegram user @dominiksss

I saw on your website that currently you support only erc20 tokens. I understand that at the moment this is the most popular chain, but other chains have a decent market share as well and other advantages over it. Do you plan to add support for other chains, or do you want to focus on Ethereum only?

TEAM Developer: Yes, we hope to soon integrate with BSC and TRX, and we are speaking to those two groups in talks with potential partnerships down the road

Mary | Satoshi Club: EOS?)

D. | Satoshi Club: Cosmos?

TEAM Developer: EOS is another one we would like to integrate, but BSC and TRX are the ones we are actively working integrating at the moment

Mary | Satoshi Club: That’s true) You can do it step by step)

D. | Satoshi Club: when exactly do plan to work with BSC and TRX projects? in this year in the next one?

TEAM Developer: I am not sure about timing, the sooner the better, but we plan to create the first locking solution for those two chains. Then all BSC and TRX projects will be able to lock with TEAM

Mary | Satoshi Club: They currently don’t have?

TEAM Developer: Smaller developers can build ones for their projects individually, but not a full solution like team

Mary | Satoshi Club: Oh, you’ll be pioneers :+1:

TEAM Developer: yes

Q5 from Telegram user @bitociok

It’s interesting, you have a smart-contract for all your clients or you create a new one for each project/ client you have?

TEAM Developer: We have 1 smart contract right now for all projects

Mary | Satoshi Club: And it was audited?)

TEAM Developer: Otherwise the fees to create and deploy a new contract for each token would make our model unsustainable. Yes it was audited by Chainsulting

Mary | Satoshi Club: Can you share a link here, so everyone can see it?)

TEAM Developer:

Mary | Satoshi Club: Btw, nice audit:joy: i saw audit written as medium article

D. | Satoshi Club: imagine i saw projects without audit 👀

Q6 from Telegram user @Jitka1

What is the functionality of the badge “Trust score” that is on your website and how is it formed? What’s the formula and what indicators do you use to assemble this score?

TEAM Developer: In the new version, this is removed. We decided we will not score projects based on trust, instead we will provide the facts and display the evidence of locks/mint functions, etc, and let the investors decide for themselves

Mary | Satoshi Club: Btw, will your community opinion matter?

TEAM Developer: What do you mean by that

Mary | Satoshi Club: If they don’t like a project and will think it’s a scam?) Will you remove or refuse it?

TEAM Developer: We cannot, anybody can lock into our contracts. Just like anybody can create a smart contract on Ethereum, Ethereum does not remove somebody just because the community does not like them. But we warn against investing in projects if they have certain scam-like indicators.

We aim to prevent rug pulls, and our platform is built around that While still allowing all to access our services

Mary | Satoshi Club: Got it) I think warning from you will also work)

Part 2 — live questions from the Telegram community

Q1 from Telegram user @apocan99

Do you have any future plan for providing some other services such as yield farming, staking, borrowing, etc.

TEAM Developer: Wait for blitz to find out

Q2 from Telegram user @huydo

Your website shows ” Locker Room” with “Coming soon” status, could you please talk about its function and features?

TEAM Developer: Blitz will reveal

Q3 from Telegram user @Zeanich

How do you plan to encourage or promote more projects to reach the 100m blocked @teamfinancedev

TEAM Developer: We plan on encouraging the community to push projects to lock, because this will make those projects safer

Q4 from Telegram user @borysfireball

You’re shooting #TeamBlitz with 6/6 announcements/spreads today. Why don’t you want to stretch the fun for 6 days? I think 666 could be mysterious. What are your main expectations from this event?

TEAM Developer: Thats the devils number

Q5 from Telegram user @BJosefina61

TeamFinance admits on its website the intention of expanding to other blockchains. Some preview of what could be? maybe BSC or Polkadot?

TEAM Developer: Yes BSC for sure, TRX and I would love Polkadot

Q6 from Telegram user @eeaq15

Do you want to apply your services to other token-related services in the future?

TEAM Developer: Yes, we plan on expanding to more services soon as long as it fits our ethos of “preventing rug pulls”

Q7 from Telegram user @Mohitku1

To participate in Blitz contest we keed prior Kyc or anything?

TEAM Developer: Nope, just follow us on twitter and join the telegram, thats all!

Q8 from Telegram user @Gutike95

Until today, only 25 tokens are associated with the Team Finance blocking services, but none of them are really well known, will it be that when the projects are recognized they no longer need token blocking from the founders? or even many projects do not know TEAM?

TEAM Developer: KP4R was #1 on Dextools, OctoFi, YFIII, many are well known

Q9 from Telegram user @KhaleesiTheCryptoLady

Hi @teamfinancedev :blush::wave:🏻
Do you think your edge in locking area will make you boooooom in Defi world? Do you have More advance features of TEAM Finance which you can add aside from locking that will make you famous in Defi world?

TEAM Developer: Yes, I think once we fully launch and lock an additional 50 projects or so we will solidify our position in the space

Q10 from Telegram user @ineed688btc

The DEFI space is very young and is changing rapidly. My question is, how flexible are your tools to adapt to changes in the DEFI crypto space? How do you make #TEAM pupular ?

TEAM Developer: Very flexible, not just the product, but the team. We move quickly and efficiently, making our platform a great long-term success

Q11 from Telegram user @tuvalunia

How do you assure the security of the locked tokens in TEAM ecosystem?

TEAM Developer: Through smart contracts and audits

Q12 from Telegram user @BeratToker

Team Finance announced Blitz event and Blitz will have 6 major announcements for Team Finance project.
When will Blitz event happen? What will major updates be about, are there any sneak-peaks you can tell us?

TEAM Developer: Today, starting in 2 hours, stay tuned!

Q13 from Telegram user @warny

How many projects now have successfully locked their Tokens on Team Finance? @teamfinancedev

TEAM Developer: 24 to date

Q14 from Telegram user @KevSalom

– How much money ($) does Team Finance have in total in blocked tokens?

TEAM Developer: Currently, 8 million, total 12 million to date

Q15 from Telegram user @cryptovgh

TEAM project’s sign is a locking sign, is there any special reason to choose this sign for the project?

TEAM Developer: Yes, because our only purpose is to lock projects

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of TEAM Finance. They’ve prepared 4 questions for this part. The total reward pool for quiz was 1000$.

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