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DUA Transcript

December 8, 2022 / 2:00 pm

Satoshi Club, DUA
500$ prize
Read Recapitulation
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Part 1 — introduction and questions from the Telegram & WebSite

MMary | Satoshi Club

Hi Satoshi Club community! Hello DUA Project! It's great to have you here today. Wishing you all a warm welcome and an exciting journey ahead. Let's get the AMA session started!

GGold Rocket | Satoshi Club

Hello dear Satoshi club

GGold Rocket | Satoshi Club

Today our guest speaker is @duaARDIT

AArdit | Will never PM you first

Hey Hey. How is everyone doing today?

GGold Rocket | Satoshi Club

Welcome to Satoshi club @duaARDIT

AArdit | Will never PM you first

Hi @GoldRocket27. Thanks for having me in this huge community.

MMary | Satoshi Club

Hello, we are great! Thank you!

GGold Rocket | Satoshi Club

We are excited about upcoming AMA

AArdit | Will never PM you first

Let's go.

MMary | Satoshi Club

And we can start our AMA right now with intro

MMary | Satoshi Club

Ardit, could you please introduce yourself to our community

AArdit | Will never PM you first

Sure.

GGold Rocket | Satoshi Club

Tell us a little about yourself and your crypto journey

AArdit | Will never PM you first

I'm Ardit Trikshiqi. I am leading the crypto department at dua, a Swiss based startup that runs the apps dua.com and spotted.de. I am slo a member of the dua Foundation, a Dutch orgaanization that promotoes the growth and development of globally fragmented communities and is the actual issuer of the DUA token.

GGold Rocket | Satoshi Club

Sounds pretty good

AArdit | Will never PM you first

I come from a traditional business background in management consulting and banking. Have lead large projects in the financial sector for some big names such as Accenture and Unicredit group.

GGold Rocket | Satoshi Club

Wow

AArdit | Will never PM you first

What has fascinated me the most from this experience, is the fact that the financial system as it is now, is failing billions of people worldwide. And that needs to change.

GGold Rocket | Satoshi Club

please reveal the essence of your project. How does it differ from the competition?

AArdit | Will never PM you first

Of course.

GGold Rocket | Satoshi Club

Do you really want to revolutionize the finance industry?

AArdit | Will never PM you first

Our ultimate vision is to build a new network state for underserved communities and people that lack basic financial services. We believe that through our community apps, we can tackle a lot of the current issues around these communities.

AArdit | Will never PM you first

We are in for the long run. We believe in our capabilities to bring change in the industry. So yes.

GGold Rocket | Satoshi Club

I'm impressed

MMary | Satoshi Club

Can you elaborate us what current issues can solve your apps, you can name the most important

GGold Rocket | Satoshi Club

Tell us about the team that helps you in the development of the project?

AArdit | Will never PM you first

The lac of access to proper banking and financial isntruments affects 281M migrants worldwide. Another major problem we identify amounf fragmtened communities is their lack of identification, making it impossible to access global financial system. We want to bring these basic services to these communities in the easist and most accessible way possible.

AArdit | Will never PM you first

Catching up here. Ofc.

AArdit | Will never PM you first

Dua was founded by Valon Asani. He is a Swiss-Albanian Entrepreneur who currently serves as a CEO. Our combined teams at dua.com and spotted.de consist of more than 50 engineer and marketers, and we are advised by top industry experts.

AArdit | Will never PM you first

In terms of investments, we've raised $5M in seed and series A funding from international investors, so we're well positioned to continue growing and achieving our goals.

GGold Rocket | Satoshi Club

This is incredible!

AArdit | Will never PM you first

[ Файл : Screenshot 2022-12-08 at 15.14.06.png ] Our team

GGold Rocket | Satoshi Club

Is your team anonymous?

GGold Rocket | Satoshi Club

You did it first

AArdit | Will never PM you first

Our team is up there

GGold Rocket | Satoshi Club

Thanks for your great intro!

MMary | Satoshi Club

Thank you for the introduction part! let's move to the first part of our AMA

MMary | Satoshi Club

Ready, @duaARDIT ?

GGold Rocket | Satoshi Club

If you are ready, we have several questions from Satoshi club community

AArdit | Will never PM you first

Let's go

GGold Rocket | Satoshi Club

Q1 from Telegram User @Ivvanna_Cahya I learnt that the official Private sale started on November 23rd at 5PM CET. And To participate, users are required to stake the utility token of AllianceBlock (ALBT). And After staking, they will earn rALBT, a reputation token that gives access to DUA private sale tickets. To be honest, i seem not to fully understand the concept behind staking of the AllianceBlock ALBT token before Participating in the Private sale. Where and how can we Acquire the ALBT token? Processes like this could hinder Newbies from participating in the Public sale, therefore Is there any form of guides to help none Crypto adopters with the processes of Staking and participating in the Private Sale? Is the private sale limited to some ammount of Users?

AArdit | Will never PM you first

Sure. I will give you a short explanation on how it goes.

AArdit | Will never PM you first

mark this guide: https://blog.allianceblock.io/abfundrs-getting-started-with-dua-token-private-sale-840442a0d0cc Here is all the information you need to participate. Each individual can purchase a maximum of 20 tickets. To participate, individuals need 1000 rALBT per ticket, which is a reputation token that is earned through staking ALBT, the utility token of AllianceBlock. Once you have 1000 rALBT, you are eligible to buy a ticket. rALBT - the reputational token serves to make this a sale round based on reputation. It means, if you are willing to be part of this project in its earliest phase, you are required to stake ALBT.

AArdit | Will never PM you first

The ticket price is 500 USD per ticket, paid in Avalanche-native USDC tokens and it contains 28,571.43 DUA tokens.

AArdit | Will never PM you first

For everyone who finds the process not easy, please get in touch with me and I will guide you through and answer your questions.

MMary | Satoshi Club

Is this rALBT token created just for sale needs or it can be helpful later?

AArdit | Will never PM you first

rALBT is not a tradable asset but right now and in the future is the most important component on accessing token sale deals on Fundrs.app.

AArdit | Will never PM you first

Reputation you earn. It can not be bought

GGold Rocket | Satoshi Club

interesting concept. reputation monetization

MMary | Satoshi Club

I felt that everything isn't that simple nice move!

AArdit | Will never PM you first

If you need any help, we are here to help.

GGold Rocket | Satoshi Club

Thanks for the great answer!

MMary | Satoshi Club

How many tickets were already purchased?

AArdit | Will never PM you first

106 tickets until now

GGold Rocket | Satoshi Club

Sounds great

AArdit | Will never PM you first

with 6 days to go.

MMary | Satoshi Club

Guys from crypto like to wait until the last moment

AArdit | Will never PM you first

True

GGold Rocket | Satoshi Club

Thanks for your great explaination. Are you ready for the next question

MMary | Satoshi Club

Thank you for your answers! Are we ready for the next question?

AArdit | Will never PM you first

Gold and Mary, we are 100% ready

GGold Rocket | Satoshi Club

Q2 from Telegram user @Asela1112 According to your Roadmap, The $DUA staking will take place in first half of 2023. I would like to know more details regarding $DUA staking campaign. Please give us a full introduction about your staking program? Will there be single currency pool or pair of currency pool to stake? What will be the APY per each pool? Also, Let us know about the locking periods and harvesting schedule? However, Lot staking Protocols are getting scammed since the project team invest user’s funds in to another platforms & they might be collapsed like FTX. So,Can you gurantee about your staking pools & our funds are secure enough to invest?

AArdit | Will never PM you first

I will start with the most important piece. Staking and every other Liquidity campaign will be done on fully decentralized platforms, to ensure we dont see any FTX kind of story. What happened was ugly and decentralization is the way forward.

MMary | Satoshi Club

That's 100% true!

AArdit | Will never PM you first

Since our main focus right now is the closing of our private sale, we will announce in due time the staking campaign for our community. As you see we are very early and you are seeing our project take form every day. We sure will have single sided or pair staking available in the next half of ther year.All other related infos regarding APY or locking periods will be announced soon.

GGold Rocket | Satoshi Club

And we are very hopeful about security guarantees for customers

AArdit | Will never PM you first

That should remain the highest priority.

MMary | Satoshi Club

Will your plans for staking and another plans depend on market conditions?

AArdit | Will never PM you first

Market does impact projects and we hope we can deliver campaigns for our community regardless of the market. Thats how you build a relationship with existing and potential community members.

MMary | Satoshi Club

Thank you for clear answers ready to proceed with the next question?

AArdit | Will never PM you first

Ready

GGold Rocket | Satoshi Club

Q3 from Telegram user @DanylkoUA Hello $DUA team! Almost none of the existing Web2/Web3 projects specifically targets globally fragmented diaspora communities living in Europe, the US, or Africa and the corresponding families and relatives of these diaspora communities in origin countries. While the tools do exist, none have been able to create a platform with massive global reach. Since Dua aims to provide a solution to the above mentioned issues, kindly give details on how Dua can fully reach this goal as soon as possible. Knowing that some regions have placed partial/full bans on crypto related activities, wouldn’t this be any form of obstacle towards achieving the full goals of the $Dua platform? Currently, what regions of the world can access the platform’s services?

AArdit | Will never PM you first

[В ответ на Gold Rocket | Satoshi Club] The web3 components of dua are not released yet. We are working towards having the first product live by Q1 next year. Through our partnership with AllianceBlock, we will integrate the first piece of the puzzle which is dua ID and which is going to use the SDK of Nexera ID, a digital passport that has KYC integrated but works through ZK. So being compliant but at the same time not showing your personal information. This is a game changer which will help us onboard millions of users in different countires around the world.

MMary | Satoshi Club

But will you have any restrictions for some countries? Or regions?

GGold Rocket | Satoshi Club

You have plans for world expansion

AArdit | Will never PM you first

Related the bans that some countries might have, this is unfortunately not in our hands. What we can do is provide at the same a product that complies but serves also the privacy of the users.

MMary | Satoshi Club

Oh, got it!

AArdit | Will never PM you first

Restrictions might apply to countries with international sanctions. But our goal is to be as accesible as possible. Basically everyone with a smartphone.

GGold Rocket | Satoshi Club

Absolutely

GGold Rocket | Satoshi Club

Thanks for your great answers

MMary | Satoshi Club

I believe you will

MMary | Satoshi Club

Thank you for detailed explanations! Ready for the 4th question?

AArdit | Will never PM you first

Yes. Shoot it

GGold Rocket | Satoshi Club

Q4 from Telegram user @blessing_chum Greetings, Let’s talk about the Dua ID. Since Dua ID will provide a solution where users can create their online sovereign identity which they will generate, verify and own independently; give details on how to get and access the Dua ID. Will the Dua ID be issued for free or do we have to pay for it? Is the Dua ID a Web 2 or Web 3 identity or perhaps a combination of both? How can users verify full ownership of their online presence on the Dua ecosystem using the Dua ID?

AArdit | Will never PM you first

dua ID is a kind of a combination of web2 and web3. It will be built on web3 rails but gather also web2 data and users online footprint in a secure and ZK way. I also mentioned before shortly how this will come in life through Nexera ID, a product to be launched by AllianceBlock. dua ID can be also used by new businesses in web3 that are looking to create a safe online environment and allow users only with a certain reputation to enter their web3 platforms.

AArdit | Will never PM you first

More about the tech behind this: https://whitepaper.duatoken.io/docs/technical-infrastructure/tech-and-infra

GGold Rocket | Satoshi Club

Thanks for sharing

MMary | Satoshi Club

I see now a lot of ID services in crypto, for me is always important to keep my data safe and i am not sure that i will give it to all who asks

MMary | Satoshi Club

How you will convince people like me to use your services?

AArdit | Will never PM you first

There's where Zero Knowledge Proof comes into play. You dont need to share your data. Thats yours to own.

GGold Rocket | Satoshi Club

[В ответ на Ardit | Will never PM you first] and how we already know reputation cannot be bought...

AArdit | Will never PM you first

It comes as a package. If you wish to be part of our growing community, the user journey through these apps will require the usage of these in-app services. Starting from dua ID. Think of it as a virtual state, You get equipped with an ID when you are born and live with that until death.

MMary | Satoshi Club

Ahaha, you did it i am ready

GGold Rocket | Satoshi Club

Thanks for your answers. It's really make a sense

GGold Rocket | Satoshi Club

Are you ready for the next question?

MMary | Satoshi Club

Thank you for your answers and arguments! Ready to start with the 5th question?

AArdit | Will never PM you first

Yes ready.

GGold Rocket | Satoshi Club

Q5 from Telegram User @spanishsimon Hello @DUA team, Welcome here. my question, is about your app which am having an issue with. I saw that verified users of your app, can contribute and also increase impressions to earn rewards. Well this got my interest and made me to download the app. But after I downloaded the app, I discovered that we have to pay before we can use anything which got me confused. So can you please tell us why is that, does it mean that we have to pay in order to make use your app. I also saw that you have a premium subscription on the app with different packages. So can you please tell us what will be the benefits and incentives of the premium subscribers on your app, what special rewards system will they have as a premium user? And lastly, can we use our local currency or other crypto assets to pay for premium on app? Thank you.

AArdit | Will never PM you first

So lets start with the apps first.

AArdit | Will never PM you first

Both dua.com and spotted.de are web2 apps slowly pivoting to web3. Both have freemium and premium versions. That means, you can use the limited versions of the apps but for the full experience a premium subscrition is required.

AArdit | Will never PM you first

What we are planning to build on top of the apps is the following: A reward system that is not neccesarily linked to financial incentives. Because we want people to use the apps to create relationships and add value for them

AArdit | Will never PM you first

Rather than building the next playtoearn hype, we are going a different direction

MMary | Satoshi Club

How expensive is premium subscription?

AArdit | Will never PM you first

Users can use the apps as they do daily and based one some specific in-app actions such as reporting fake profiles, inviting friends, reaching a X number of matches per day, verifying or pushing some else to verify, can let you earn reputation.

AArdit | Will never PM you first

Based on the reputation earned, we are launching weekly and monthly campaigns that most engaged users in terms of reputation can join. And start earning rewards in DUA Whats interesting is....

AArdit | Will never PM you first

The earned DUA can be spent inside the app to access premium subscrition or other in-app packages.

AArdit | Will never PM you first

We will add another layer to that

GGold Rocket | Satoshi Club

democratic approach. depending on the contribution to the project

AArdit | Will never PM you first

Businesses can advertise their products and services to a user base of 5M+ users and will need to pay in DUA

AArdit | Will never PM you first

That depends on the GDP of each country.

AArdit | Will never PM you first

Yes. It creats a collaborative environment where those who add the most value can earn rewards.

GGold Rocket | Satoshi Club

O God! You even took that into account

MMary | Satoshi Club

Excellent answers Thanks, Ardit!

GGold Rocket | Satoshi Club

Thanks for your answer

MMary | Satoshi Club

Ready for the 6th and last question from this part?

AArdit | Will never PM you first

yes

GGold Rocket | Satoshi Club

Q6 from Telegram user @Thisistoyin Greetings. I got to Notice that you started these Platform DUA through an Incubator Program. and so far, i was quite Impressed to see that DAU’s first and most crucial partnership was with AllianceBlock, which is one of the most renowned companies in the DeFi space. I understand that your platform is Still quite new to many users all over the world, and good relationships/Partnership helps any project in achieving their Goal, so i would like to know more in terms of Partnerships, how many big Partnerships have your platform been able to secure apart from AllianceBlock? And talking about the growth of your Platform, what have you been able to do to ensure that the targeted Audience gets to know more about your platforms Services?

AArdit | Will never PM you first

Thanks for this question.

AArdit | Will never PM you first

AllianceBlock has been with us since the beginning. We have been lucky to go through an incubation period with their team of experts that helped us in many levels.

AArdit | Will never PM you first

Other than AllianceBlock, we have partnered with FLUUS, a crypto agrregator with a network covering emerging markets that will provide us on/off ramps for our users

AArdit | Will never PM you first

Another important partnership is Blocksquare, which is a platform that tokenizes real estate and that resonates with us in the space of bringing inclusive financial products to our community. User can get access to real estate deals through our upcoming in-app wallet. In a couple of days we are announcing another partnership with one of the biggest Layer2

GGold Rocket | Satoshi Club

Hot December

MMary | Satoshi Club

So you don't plan to work only on Avalanche? it's just for the beginning?

AArdit | Will never PM you first

that has launched an innovative Hybrid Compute mechanism that allows web3 projects to access various web2 APIs.

AArdit | Will never PM you first

The cake is tha last. We are built on Avalanche and our relationship with them is growing every day. Just yesterday I had a call with their management team and we will announce soon our partnership and how they will help us grow in the space.

MMary | Satoshi Club

Waiting for more news from you

GGold Rocket | Satoshi Club

Thanks for amazing first part of AMA

GGold Rocket | Satoshi Club

Share with us useful links to DUA social networks before opening the chat

AArdit | Will never PM you first

Website: dua.com Telegram: @duacomchat Twitter: https://twitter.com/duadotcom

GGold Rocket | Satoshi Club

Attention Satoshi clubbers!

AArdit | Will never PM you first

Thanks

MMary | Satoshi Club

Ready for the live part? The storm of questions is almost here

AArdit | Will never PM you first

Let's go

MMary | Satoshi Club

Let's go

Show more

Part 2 — Live questions from the Telegram community

JJesse

IS KYC NEEDED TO GET STARTED USING THE DUA ID?

AArdit | Will never PM you first

So yes but KYC is done through ZK proof where users can show they are compliant but dont need to reveal any personal information.

v@vector_190

On Dua Platform, There are 3 Modes 👩‍❤️‍👨DuaLove 👬DuaFriends 📑DuaBiz, Which of the Above modes have already been launched for public? Or which will be launch 1st?

AArdit | Will never PM you first

dua Love was launched first in June 2020. As of now, on dua Love we have reached almost 1.5M installls and over 0.5M registered users. dua Biz and Friends will come next year and the ecosystem will be complete.

G@Geasoto

Will you offer a swap in the DUA app that allows me to exchange your token for any other stablecoin or make the purchase through Fiat from my locality?

AArdit | Will never PM you first

Yes. We are planning an in-app wallet that allows users to interact with any ERC20 token and therefore swap (exchange), purchase or withdraw tokens. Our strongest advantage is penetrating through communities that have a large diaspora. WIn our first targeted community (the Albanians), we reached 1.5M installs considering that there are 7M Albanians living worldwide.

B@BrayantGonzalez

I understand that DUA is your native token, but in addition to this, do you plan to incorporate any NFT with special benefits? Or will the only NFT really be our user profile? If so, will we have to pay to register in DUA?

AArdit | Will never PM you first

This is a great one. We understand that real life cannot be substituted even if we have amazing products that connect us in the virtual world. As we starting to consolidate, we are going to launch a Lifetime NFT Membership that can give access to global events we are going to do with partners at different locations in the world. More about this next year.

YYg Ichigo

WHAT INSPIRED YOU TO NAME YOUR PROJECTS DUA?

AArdit | Will never PM you first

DUA means Love in Albanian. So it was natural to bring love to people all oer the world. 

K@Kingtermann

Are you planning to integrate with other different blockchain technologies to expand the ecosystem and generate more trust

AArdit | Will never PM you first

Yes. We deployed on Avalanche and the main goal is to expand to other Layer1 and especially Layer2. We see a big potential in optimistic and ZK rollups in the next couple of years that will help us scale at minimal cost.

S@SHAKIL_SHAKIL

How can I buy this tokens. Is it available on any exchange and All project coins have their main utilities & real-life usecase! So, can you tell us What are the main role of your coin in your ecosystem??

AArdit | Will never PM you first

DUA is in a private sale mode currently. That means the only way to purchase it is through Fundrs: https://fundrs.app/project/43114/7 This is also the first sale we did. No seed sale before since we wanted to be fully community funded from the beginning. Normally these sale round are only accesible by VCs. For DUA you are the VCs.

SSuper-Girl Says 💬

Why has Dua chosen a blockchain infrastructure to develop a dating app? Won't this limit users who don't know much about cryptocurrencies?

AArdit | Will never PM you first

Dua.com and spotted.de are the two apps that build our ecosystem. They are not built on blockchain but the Web3 elements such as the rewards system, the in-app wallet and dua ID shall be on-chain completely. Basically bridging our users from Web2 to Web3.

a@abunuman1122

How can I buy your tokens right now?Andwhich wallet support your token?please answer my question?

AArdit | Will never PM you first

DUA can be bought only through Fundrs right now. Here is the link: https://fundrs.app/project/43114/7 Here is a guide: https://blog.allianceblock.io/abfundrs-getting-started-with-dua-token-private-sale-840442a0d0cc Any wallet that supports ERC20 should work.

Show more

Part 3 — Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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