EpiK Protocol x Satoshi Club AMA Recap from 16th of September

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 EpiK Protocol and our guests was @EpiK_James – representative of EpiK Protocol. The AMA took place on the 16th of September.

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

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

Paul Mont | Satoshi Club:
Today’s guest is @EpiK_James! Welcome! Great to have you here! 😁

James EpiK:
Hello, everyone. I’m James Lim, founder of EpiK Protocol. Nice to meet you here. 😝😝

Paul Mont | Satoshi Club:
How are you today? It’s a great pleasure for us to have you here at Satoshi Club 🥳

Mary | Satoshi Club:
We are happy to see you here today!

James EpiK:
Everything is nice!🥰🥰Thanks for your warm welcome.

Mary | Satoshi Club:
That’s great, so, we can start our AMA 🚀

Paul Mont | Satoshi Club:
We’re all very fond of Epik projects here at Satoshi Club 😉 Really excited to get to know more about it! 😁

Mary | Satoshi Club:
And we want to know as much as possible ☺️

Let’s start with the intro!

James EpiK:
So, let me introduce our project briefly first, shall I?

Paul Mont | Satoshi Club:
Yes please 😉

Mary | Satoshi Club:
That’s right 👍

James EpiK:
EpiK Protocol is the world’s first decentralized storage protocol for AI data

Mary | Satoshi Club:
Why you choose data for your protocol? How different Epik Protocol is from existing decentralised storages?😃

James EpiK:
AI consists of algorithms, data, and computing power. With the computing power, we have today, the algorithms have reached the bottleneck. But the facts tell us that with higher quality data fed to the same algorithm, the intelligence of AI can be improved a lot.

AI data market is huge. But they meet the problem of rising labor cost and rising management cost. This is exactly what blockchain is good at.

Back to decentralized storage, it is a fact that miners in Filecoin had spent a lot of storage resources to store meaningless data.

We need effective data in the decentralized storage ecosystem and the huge AI data market is a perfect solution for it.

Mary | Satoshi Club:
Really? You can solve this?

Paul Mont | Satoshi Club:
Right, you mentioned high quality data – how does Epik Protocol manage to filter that data and make sure only meaningful data is fed to the algorithms?

James EpiK:
That’s why EpiK Protocol aims to build a data sharing economy platform based on decentralized storage technology to reduce the costs of producing AI data and provide effective data for the decentralized storage ecosystem at the same time.

Our loop-of-value looks like this.

Mary | Satoshi Club:
Interesting solution👍

James EpiK:
We have a lot of partners using EpiK Protocol to collect data what they want in healthcare and i-City.

Paul Mont | Satoshi Club:
Cool 😁🔥

James EpiK:
We believe EpiK Protocol could make a difference in global AI market.

Mary | Satoshi Club:
It seems to me that you should have a big team to provide such services, am i right?😃

James EpiK:
It’s just a beginning now.

Our team is not BIG. But our community is big. Because our token symbol is EPK. So the members in our community is called EPKers. EPKers are passionate. They join us to contribute as bounty hunters, domain experts and knowledge nodes.

Paul Mont | Satoshi Club:
Sounds cool to be an EPKer 😉

By the way, is the core team public yet?

James EpiK:
As for now, more than 30k knowledge nodes and 600k bounty hunters have joined us.

Yes. Our core team is public.

Paul Mont | Satoshi Club:
Wow, that’s some impressive numbers there ✨🔥

James EpiK:

We have published our data-labeling game called Knowledge Mainland. All EPKers could download it via https://www.epikg.com/.

Bounty hunters could help EpiK Protocol to label data via this Play-to-Earn game.

Paul Mont | Satoshi Club:
An opportunity for our Satoshi Clubbers to join in and become EPKer Satoshi Clubbers 😉

Check it out, boys and girls!🔥

James EpiK:
😄 Big chance

Paul Mont | Satoshi Club:
Okay @EpiK_James, it was a wonderful intro! 🔥

We have collected some community questions to learn more about Epik Protocol, are you ready to go?

James EpiK:
Sure.

Q1 from Telegram user @highpee
One of the important layer of your project is Epik Knowledge Graph which has been described as Human Knowledge Graph reimagine. Knowledge Graph is a veritable technological tool in Artificial Intelligence as it allows the transformation of AI perception intelligence to recognition or knowledge-driven intelligence. So, can you tell us the uniqueness of Epik Knowledge Graph? How do experts register file domain in your Knowledge Graph and Knowledge Gateway? How is the combination of knowledge and machine learning algorithm executed and in what way has this allowed you to provide an Intelligent and adaptive Loop-of-value that is applicable in the area of education, healthcare, public security, and risk control?

James EpiK:
Good question.

Ai is good at improving production efficiency, and blockchain is good at optimizing collaboration efficiency.

EpiK Protocol aims to leverage the technology of Blockchain to reduce the costs of producing high-quality data for AI.

What’s more, the data we work together to produce should belong to us and it cannot be stored and controlled in a centralized manner.

That is why we integrate the technology of decentralized storage in the solution of EpiK Protocol.

And that’s why EpiK Protocol is also called the world’s first decentralized storage for AI data.

Paul Mont | Satoshi Club:
I find this to be an essential principle 🙌

So, as an expert, how can I interact with the knowledge Graph and the Gateway?

James EpiK:
In order to make sure the data we work together to produce is valuable, we have a special role in EpiK Protocol called domain expert.

We have developed a lot of tools for domain experts.

The tools look like this.

Domain experts could design the format of data, publish tasks, verify data and submit data with our tools.

The more verified data a domain expert submitted, the more EPK he could earn every day.

If a domain expert submits dirty data to cheat all EPKers, he will be punished with EpiK DAO.

The punishment will be very strict.

Mary | Satoshi Club:
I am impressed with your answers 👍

James EpiK:
We use economic incentives to keep data submitted into EpiK Protocol high-quality.

Reward and Punishment.

Paul Mont | Satoshi Club:
How are domain experts chosen?

Given the key role that they have in the protocol 😉

James EpiK:
Good question!

  1. Each candidate domain expert need to be nominated by active domain expert.
  2. Each nominated domain expert need to get 100k votes supported by EPKers. 1 EPK = 1 vote.
  3. Each nominated domain expert with more than 100k votes will be active. Whenever his votes are less than 100k votes, he will be inactive.

If a malicious domain expert is punished in EpiK DAO, the domain expert who nominate the malicious one will be punished too.

Paul Mont | Satoshi Club:
Very thoughtful and careful design 👍👍

Mary | Satoshi Club:
Thank you for your answers, James! Ready to proceed?😃

James EpiK:
We are pre-recruiting our first batch of domain experts, please check this link to know more. https://epikprotocol.medium.com/epik-domain-expert-campaign-guideline-a93f96946779

Sure.

Paul Mont | Satoshi Club:
Ah this another cool piece of news and opportuity for our Satoshi Clubbers! Thank you for sharing! 🔥🔥🔥

James EpiK:
You’re welcome!😝

Paul Mont | Satoshi Club:
Great answers @EpiK_James! Thank you very much! 😉 The next question enquires about the current AI potential 🙂

Q2 from Telegram user @Orlemys
You’ve said that artificial intelligence needs to have cognitive capabilities. However, instead of asking you what this AI can do, I’d like you to tell me about its limitations. What is it that it cannot do, no matter how hard professionals try, and do you think this will get solved in the future? Are we close to a breakthrough in AI technology? And if so, how will Epik Protocol contribute to it?

James EpiK:
We don’t believe the Matrix will come true. But we believe J.A.R.V.I.S. could be feasible. That means, AI is able to assist us to make better decisions instead of conquering us.

AI consists of algorithms, data, and computing power. With the computing power, we have today, the algorithms have reached the bottleneck.

But the facts tell us that with higher quality data fed to the same algorithm, the intelligence of AI can be improved a lot.

Paul Mont | Satoshi Club:
That’s the Jarvis in Iron Man right? 🙂

James EpiK:
High-quality AI data is indeed what EpiK Protocol focuses on. Blockchain is the perfect technology to build a data-sharing economy platform to reduce the costs of producing high-quality AI data.

Yes!

Paul Mont | Satoshi Club:
Darn, cool 😁🙌🔥

James EpiK:
Over.

Mary | Satoshi Club:
Everything is clear and future seems bright with Epik Protocol 😃

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

James EpiK:
Sure.😁

Q3 from Telegram user @Jamesxmen
Last June, Epik has welcomed Ben Goertzel as its expert advisor. We all know that Ben is a well-known AI scientist and the founder of the company “SingularityNET” and “Sophia”, the AI citzen-robot. Following this collaboration with Mr. Geortzel, what was added to Epik Protocol since then? Do you have shared work with the AI company SingluarityNET? What will be the future of Epik Protocol given that Ben Goertzel is your adviser?

Paul Mont | Satoshi Club:
I love this question as it’s about one of my favourite unsung experts in the space 😁

We also had the pleasure to have our friends from the Singularity project here at Satoshi Club 🔥

James EpiK:
We have a close partnership with SingularityNET. Ben is not only our advisor but also our candidate domain expert in Healthcare. We are working together to producing more high-quality AI data for the Robot Grace who is the sister of Sophia.😄

Mary | Satoshi Club:
Wow, I haven’t heard about Robot Grace 😃

James EpiK:
BTW, we believe our partnership will make the Grace smarter. Stay tuned!!!!🤣

Paul Mont | Satoshi Club:
Haha great pick! I don’t think there are experts as knowledgeable as Ben 🙌

Mary | Satoshi Club:
Please, we want to have AMA with Grace😂

Paul Mont | Satoshi Club:
Is that Grace by the way?

😁

James EpiK:
Haha, Grace is not here.

Grace is shy and works in hospitals now. 🤣

Mary | Satoshi Club:
If you will have a conversation with her tell her Satoshi Club is waiting 👍

James EpiK:
Haha. It’s a good idea.

Paul Mont | Satoshi Club:
Haha, yes we definitely want her here when available 😁

Mary | Satoshi Club:
Thank you for your answers! Ready to go to the next question?

James EpiK:
I’m ready!

Q4 from Telegram user @Jmagsss
One way of working and collaborating with Epik Protocol is to participate on its AI data annotation activity called “EPK Bounty Hunter”. An estimated 1 hour of participation may grant users EPK tokens. The more activities joined and done the more EPK rewards. I don’t consider myself as an AI expert but I am really much interested in joining this campaign. Can you tell us what to expect from this activity? Do I need to have a deep understanding about AI first before indulging myself into this campaigns? Also, you mentioned that inviting other friends into this activity may reward me with some NFTs with accordance to the activity level. Can you explain that feature?

James EpiK:
In one word, everyone could join us as a EPK bounty hunter.

But we have to accept that the data-labeling tasks in different domains will require different knowledge backgrounds.

For example, if you have good English speaking and listening skills, you could help to label voice data.

Mary | Satoshi Club:
As i know bounty hunting require different kind of verification now, to exclude bots and multiaccs. What about your requirements? Only quality?

James EpiK:
If you have common sense to American Universities, you could help to label the knowledge graph data of universities.

As for each domain, we will have an exam for all bounty hunters. You could take the tasks in the domain only when you passed the exam.

Like this

Mary | Satoshi Club:
Oh, it’s cool! New level of verification 👍

Paul Mont | Satoshi Club:
👍👍

Mary | Satoshi Club:
Thank you for your answers, James! Ready for the next question?

James EpiK:
Not yet! According to our economic model, 330k EPK will be minted every day.

Paul Mont | Satoshi Club:
Wow!

Do you have a tokenomics paper you would like to share with our Satoshi Club community? 😉

If so, this is the best momento to do so 😁

James EpiK:
75% of them will be distributed to all knowledge nodes. 9% will be distributed to all domain experts. 1% will be distributed to all EPKers who participate in EpiK DAO. 15% will be distributed to all bounty hunters.

Paul Mont | Satoshi Club:
What will be the total supply of EPK?

James EpiK:
Light whitepaper, economy whitepaper, and governance whitepaper could be found at our website epik-protocol.io

Here is the economy whitepaper. https://www.epik-protocol.io/EPIK-whitepaper-economy-en.pdf

Paul Mont | Satoshi Club:
Perfect! Thank you very much for sharing!🙌

Well, thank you for the clear answer, are you ready to proceed with the next question or do you want to add something else?😉

James EpiK:
Yes, still something! That means, there are about 30k EPK distributed to all bounty hunters in Knowledge Mainland every day. Here we want to prompt that your credit scores will be decreased if you answer questions in Knowledge Mainland carelessly. If your credit scores is less than 60, you cannot share the EPK rewards. Your initial credit scores will be 80. It will be increased if your answer is accepted by domain experts.

Paul Mont | Satoshi Club:
This is a very smart design, love it 🤩

James EpiK:
If you answer questions in Knowledge Mainland, your will get reward scores. You could use reward scores to open mystery box including EPK and game tools in it. If you invited friends to Knowledge Mainland, you could get rewards scores commission which is up to 30% at the first level and 15% at the second level.

Mary | Satoshi Club:
Does it often happens that user can’t get enough credit scores?😃

James EpiK:
If your answers is selected by domain experts as the highest quality data every month, you could get a NFT as a knowledge badge.

If the users answer the questions with a serious attitude, that won’t happen. 😄

Over.

Mary | Satoshi Club:
Can you show us this NFT?😃

James EpiK:
Wait a moment!

Paul Mont | Satoshi Club:
Drum roll moment🥁🤩🥁

James EpiK:
If our users answering questions with emotion and rhythm, we will reward him with NFT like this.

Mary | Satoshi Club:
It looks really nice 🎉🎉🎉

James EpiK:
Haha, thanks!

Mary | Satoshi Club:
And next question is knocking at the door 😉

Paul Mont | Satoshi Club:
Thank you for sharing @EpiK_James! Here comes our next community question 😉

Q5 from Telegram User @Cheriemike

EpiK Protocol has the distributed storage capacity and have tapped into Filecoin decentralized technology to achieve trusted storage.Since you are relying on Filecoin,they have what is called Proof of Storage,Zero knowledge Proof to design Proof of Replication(PoRep)and Proof of Spacetime(PoSt)These are new consensus mechanism to me,Can you please elaborate more on how this mechanism can help you achieve trusted storage?And you also added an AI data processing collaboration network which also rely on Filecoin, Tcan you explain to us how the use of Filecoin Layer 1 and 2 will continuously deliver high value AI effective data to the distributed storage ecosystem?Thanks

James EpiK:
Good question!

In a decentralized storage ecosystem, we need to face a lot of attacks. One of these attacks is outsourcing attack.

Let’s go through a special case together. A and B are friends. They both provide the storage space for a same file in a decentralized storage network. A and B are rewarded 2X together for two copies of a same file. One day, A and B wonder if they could only maintain one copy to get rewards for two copies. Then A and B share a same storage space and announce they both have stored the same file.

When we ask A if he still stored the file, we will get YES. And we will get YES from B too.

This is a big economic problem in a decentralized storage ecosystem. In order to solve this problem, we need Proof-of-Replication and Proof-of-Spacetime.

The trivial idea is to make each miner to store different bytes even for a same file. With PoRep and PoSt, when A and B announce they both have stored the file, we could know they actually have different bytes in their storage space and they cannot use 1 copy to earn rewards of two copies.

EpiK Protocol focus on producing and storing AI data. The data we store in EpiK Protocol is bin-log format.

That means, if you want to get a complete database of a domain, you need to download all bin-logs in this domain and replay these bin-logs to recover the complete database. In order to speed up the replaying period, we encourage EPKers to store a snapshot in Filecoin.

Mary | Satoshi Club:
Are PoRep and PoSt already live?

James EpiK:
When you need to get a complete database in a domain, you could download the latest snapshot in Filecoin at first and then replay the diff bin-logs from EpiK Protocol.

Mary | Satoshi Club:
Cool tech👍

James EpiK:
Yes

It’s alive in our main-net.

Mary | Satoshi Club:
Awesome!

Paul Mont | Satoshi Club:
Great, great! Thank you very much!

Coming now is the last question for this very first part of the AMA, then we’re heading into the LIVE part of the session 😉

Q6 from Telegram User @Arisabela

In your roadmap from 2022 to 2072 plans you have “forward, together”, can you tell us why you have set this 50-year goal for yourself and what aspects of the real world and the DeFi world do you hope to change with your features and technology? Why is this such a long-term sustainable project?

James EpiK:
AI data is used to make AI smarter. This process is just like to teach our children. Teaching is never a short-term thing.

That’s why we schedule our EPK release plan in next 50 years.

In order to make this journey go through 50 years, we design EpiK DAO to make this journey decentralized. EpiK Protocol and this dream don’t belong to any individual. They are controlled by all EPKers.

Paul Mont | Satoshi Club:
I like the idea of nurturing a project looking at a “true” long-term scope. Kinda feels like putting things into perspective as well, and the fact that it will be in the hands of the community is very empowering 😉

James EpiK:
In my opinion, DeFi solves the problem of token liquidity, NFT solves the problem of data ownership and metaverse solves the problem of virtual business environment.

Thanks to these technologies is ready now, EpiK Protocol could leverage them to push AI and Blockchain forward.😆

Over.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Xusuo
As i know $EPK is ERC20 token, so how do you handle the high gas fee and slow problem cause by ETH chain? do you have a plan to move to other chains?

James EpiK:
All EPK is minted in our own main-net. In order to leverage the prosperous defi / NFT / Metaverse ecosystem in Ethereum, we create a cross-chain bridge between our main-net and Ethereum. All EPKers could convert EPK in our main-net into ERC20-EPK in Ethereum in our Wallet, https://www.epik-protocol.io/wallet.

ERC20-EPK could be converted into EPK in our main-net too. The rate is 1:1 except for transaction fee.

Q2 from Telegram user @syedbesharat
Explain Epik gonna launch any new A.I App for adopters?

James EpiK:
EpiK Protocol focuses on AI data. Our domain experts will focus on the A.I Apps. Here is the App of one of our candidate domain experts. It’s a digital twin solution. They simulate a real city and allow AI-driving cars to run in their simulated city. In this way, they could help companies like Tesla to train cars for 10k hours every day. The more amazing thing is that they could simulate earthquakes in the simulated city to test what the AI-driving car will do in this special situation which they could test in the real world.

It looks like this.

Q3 from Telegram user @niko518
Epik is a well-known initiative that has a privileged position as the industry leader in the B2B sector for NFTs. How do You intend to maintain this edge in the long run? How do You deal with the competition?

James EpiK:
Please be care of another project called EPIK Prime. We are EpiK Protocol. We are two different projects. They used our information in DAO Maker to do IDO so that many people misunderstand.

Q4 from Telegram user @Gemshunter22
Where can I buy EPK and be EPKers? Is it listed on any CEX??

James EpiK:
EPK is listed in Uniswap, Bitmart, Gate.IO. Please check the link of coinmarketcap to catch up the listing information. https://coinmarketcap.com/currencies/epik-protocol/

Q5 from Telegram user @Rinhere
There is also a chance to get 30% commission if I’ll invite my friends to the bounty program, I know many friends who are experts in this,
How can I do that?

James EpiK:
If your friends are good at labeling data, please download this app and share the invitation link with them. https://www.epikg.com/

If your friends are experts of AI, please share this article with them to apply to be EPK domain experts. https://epikprotocol.medium.com/epik-domain-expert-campaign-guideline-a93f96946779

Q6 from Telegram user @Arisabela
Your Bount Hunter feature offers to earn EPK in exchange for collaborating with knowledge data for your network and completing tasks, however, it is not clear to me what knowledge and previous experience hunters require to participate in these tasks, can you tell us what they consist of? Are they only for experts?

James EpiK:
Bounty hunter is open for everyone. Have a try via downloading our App. https://www.epikg.com/

Q7 from Telegram user @surendra040
You have your EPIP-1 open and also published the first EPIP-1 in EPIK PreDAO. Can you tell us about the new proposed guidelines and what are the requirements for new users to participate in EPIK PreDAO?Also, who can vote on the submitted EPIP?

James EpiK:
All EPKers could vote on the published Proposal by scanning the QR code of your preferred option with our wallet, https://www.epik-protocol.io/wallet.

The weight of your choice depends on how many EPK you have in your wallet.

If you want to submit a new proposal in EpiK PreDAO, please follow this guideline. https://epikprotocol.medium.com/epik-predao-will-be-alive-4b2f59999693

Q8 from Telegram user @King_Raja
I read somewhere, that ” EPIK” The project name derived from “Epigraphic Knowledge”
What does this mean?

James EpiK:
“Epik” was derived from “Epigraphic Knowledge”, which means the deciphering of knowledge
previously recorded on stele.

It means the data will be stored safely and it cannot tamper.

Q9 from Telegram user @coinerman
Can you simply explain what a player has to do to achieve the maximum win rate on the EPIKPrime platform?

James EpiK:
We are NOT EpiK Prime. Please be careful of the misunderstanding. We are EpiK Protocol. Our token symbol is EPK.

Q10 from Telegram user @Nonerlike
Can you please provide detailed information about EPIK PROTOCOL foundation grants program? How long will the proposal be accepted?

James EpiK:
Wave I of EpiK Protocol Grants Program will end at October 15, 2021. More details could be found at https://epikprotocol.medium.com/launching-wave-i-of-the-epik-protocol-foundation-grants-program-beb2840dc7d8

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of EpiK Protocol. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
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