StarSharks x Satoshi Club AMA Recap from the 27th of January

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 StarSharks and our guest was . The AMA took place on the 27th of January

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&WebSite

Mary | Satoshi Club

Hello  Satoshi Club! We are happy to announce our AMA session with StarSharks!  Welcome to Satoshi Club

Gold Rocket | Satoshi Club

Greetings, dear Satoshi Club community!

Today our guest is @StarSharks_V

V

Hi all, this is Vanessa, CMO of StarSharks. It’s a pleasure to be here to introduce our project to you all!

Mary | Satoshi Club

Welcome to Satoshi Club ,how’s going?

Gold Rocket | Satoshi Club

Hello and welcome to Satoshi club

Thanks for joining

V

Hiii, I’m glad to be here.

Gold Rocket | Satoshi Club

Let’s start! Introduce yourself please. How did you get to be involved in crypto & StarSharks

Mary | Satoshi Club

Vanessa, we are really excited to see you here today and want to know about StarSharks as much as possible

V

Yeah, I can’t wait to introduce our project to you all!!!

V

Let’s go go go!

Gold Rocket | Satoshi Club

Give us a brief introduction to the project. What is the essence of StarSharks

V

StarSharks is a marine-theme Content-Fi platform with a sustainable economy system, where all the assets (NFT&tokens) can be used in a series of high quality games created and governed by the community. Players can enjoy and create different types of games, and socialize with each other in the StarSharks metaverse, while sharing the profit of StarSharks platform.

Mary | Satoshi Club

How young is your project? What can you tell us about team behind it?

Gold Rocket | Satoshi Club

How long does it take to develop a project? What plans do you have for the future? And what can we expect from StarSharks platform.

V

Yes, The project is under a year old. Star Sharks was founded in 2021 by a team with previous star performers from Google, and Binance.

Mary | Satoshi Club

Wow, great people behind

Gold Rocket | Satoshi Club

Wow! you are really promising!

So… who is on the project team core?

V

We are a long-term project, within each 3-6 months we will develop the new game, in the future we will also launch more games, please stay tuned.

Mary | Satoshi Club

Big plans

V

Many of our investors, such as Binance Labs, Kucoin Labs, DAO Maker, etc., have strict requirements for the team and they have thoroughly investigated the background of the team members to ensure the team is legit and the project is promising. We chose to remain anonymous in order to keep the community focused on the project itself rather than the team.

Mary | Satoshi Club

Gotcha,  it makes sense

Mary | Satoshi Club

Thank you for your great intro, Vanessa!

Gold Rocket | Satoshi Club

Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

V

Yes, let’s roll!!!

Gold Rocket | Satoshi Club

Q1 from Telegram user   @Emnking

I read an article where you have stated the major reason behind building StarSharks on Binance Smart Chain. You made mention that There are indeed a lot of public chain options for the GameFi project to build on and that the key factor for StarSharks to choose BSC is about what could bring the best experience and value to our community, as in 1) lower gas fee; 2) strong community. As gas interacting on a decentralised platform based on ETH continues to rise, it becomes more and more expensive for users to participate in its ecosystem. Through BSC, we can pay low gas fees while enjoying high speed. BSC, backed by Binance, the largest digital currency exchange, has a large enough user base that matches with the big plan of StarSharks. Nice..However, BSC is largely centralized. And at any given time, there are only 21 validators active on the network. Centralized systems are more prone to system failures, attacks, regulatory compliance orders and even hacks. How is StarSharks going to address these system failures for players and gamers? Do you plan on building on other public chain like Sol, Cardarno, FTM and others

V

Wow, these are good questions.

There are very strict requirements for BSC validators and they are all competent server maintainers.Thus, validators have the match skill sets to make sure the servers are working smoothly.

The modified version of POS consensus enables the fast speed and low gas fee of BSC. Therefore, we decided to first build on BSC to ensure a stable experience and a cheap entry for users and players to join.

For building projects on other chains, this is certainly an option for us in the future, but we are currently more inclined to focus on our product itself. Once the platform is mature enough, we may also start to explore and evaluate cross chain possibilities.

Mary | Satoshi Club

So, no timeframes?

V

We believe that only gaining users’ recognition continuously can make us go farther and then we will have the opportunity to make choices in the future.

Mary | Satoshi Club

I understand your point of view

Gold Rocket | Satoshi Club

Thanks for your great answers and clarification

V

Let’s expect it to happen suddenly like surprise!LOL

Mary | Satoshi Club

What are advantages that Binance labs investments give you?

V

Binance Labs is a leading tier-0 investment fund and they can provide us numerous resources and possible partners and cooperations. We are honored to be backed by them!

Mary | Satoshi Club

Thank you for your answers, Vanessa! Ready to proceed?

V

Yes, let’s continue!

Gold Rocket | Satoshi Club

Q2 from Telegram user   @kimzyemma

StarShark warriors offers various types of gameplays which was created not only beginner friendly with it’s simple combat rules and SKILL Mechanisms, but also exciting and challenging with its infinite strategy combinations and battle maneuvering. Can you give us more information about the gameplays mode which includes Adventure mode; PvE battle; and PVP battle,  I read that players get to experience the StarSharks storyline and unlock new levels, does that mean the gameplays is in form of mission mode? I also read that the PVP battle is the most complex one which has player matching for PvP battles and team matching for PvP battles, I want to have knowledge of how this mode will serve as incentive with handsome rewards.

V

PVE & PVP battle mode in our project in fact are not very different from those in other games. In terms of adventure mode, it is what we called PvE battle mode. It encourages players to play strategically against the AI to win battles, a win in PvE gives our in-game token SEA as a reward. It encourages beginners to learn as they play as a loss does not consume energy points which means there’s an indefinite learning curve. The adventure mode does have different levels which can be unlocked based on the star-level of your sharks.

Mary | Satoshi Club

As i understand all modes are live now, right?

V

What we love to highlight is that in PvP Battles, we have designed an amazing reward mechanism that the top 500 individual ranks are eligible to get rewards in the game according to the games’ monthly PvP ranking. For more information about the PvP ranking rewards please refer to the following link!

https://medium.com/@StarSharks/reward-mechanism-and-calculation-rules-of-the-starsharks-warriors-pvp-game-8ec51808f155

V

The modes are all live at the moment, feel free to join our Shark-metaverse now.

Mary | Satoshi Club

Can you tell which is more popular?

Gold Rocket | Satoshi Club

Thanks for sharing! Great article

V

I think both are very popular actually. The rewards and token value are rather stable comparing to the overall market performance. Especially the gameplay is interesting. Earning while enjoying the game, why not?

Mary | Satoshi Club

Ahaha, true

Mary | Satoshi Club

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

V

Yeap!

Gold Rocket | Satoshi Club

Q3 from Telegram User   @victorogb

You recently announced the much awaited staking program for StarSharks starting February 1st 2022. Can you briefly provide a general guideline on this, what are the accompanying rewards for this program, and what would be the various vesting schedules. Also, may we know other notable events and rewarding campaigns planned in the coming months and within this current quater, how best do you think your community can profitably leverage from them? Finally, can you provide us with a working roadmap for the entirety of 2022, what major developments should we expect from StarSharks?

V

First of all, Staking is a channel for players to share the revenue of our project. 70% of the revenue of our platform will be contributed to the Staking Rewards, players get VeSSS by staking StarSharks platform’s governance token -$SSS token in DAO, and our platform will share the revenue according to the percentage of VeSSS they hold.

Mary | Satoshi Club

So, could you tell us a bit more about your governance system? What proposals can you members offer for DAO?

V

In fact, the Staking is just the beginning of our DAO kickoff. Like we previously said, StarSharks is a community driven metaverse. Our players can stake the $SSS token to get votes and  their opinions will influence the development of the platform after we open the DAO voting governance.

In addition to the staking feature, we will also be launching the Grand Prix this quarter, in which skilled players can enjoy the fun experience garnered from strategic battles and have the opportunity to win valuable rewards in the process.

Mary | Satoshi Club

It’s really cool

V

The next big boom of the year will probably happen in the middle of this year, we hope that the second game will be launched smoothly on our platform. If the first game is purely combat gameplay, then our second one will be a game with social interaction, simulative environment and gameplay leisurely gameplay all rolled up into one, which means  richer gameplay and social attributes, focusing on building social interactions between players. It will also be connected to the economic system of our first game – StarSharks. Warriors and to officially open our plan of the Shark – Metaverse.

Mary | Satoshi Club

Can’t wait to see which game it will be

V

Haha, let’s wait and see!

Gold Rocket | Satoshi Club

Thanks for your great answers

Mary | Satoshi Club

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

V

My pleasure.

Gold Rocket | Satoshi Club

Q4 from Telegram User @chinyere2020

About the built-in leasing system in the StarSharks platform, I learnt that users can list their StarSharks NFTs on the leasing market for others to rent and set the expected earnings and days of rental. What happens in a situation where the expected earnings set by the user/lessor is not reached? What system is setup to ensure efficient use of StarSharks NFTs by lessees thereby protecting the interests of lessors? Can you give a detailed explanation about how the splitting of earnings between the lessor and the lessee determined?

V

Give me some time to think about how to answer these questions fully and perfectly, hahaha. These questions are really too level-headed!

Mary | Satoshi Club

Sure

Gold Rocket | Satoshi Club

Take your time dear

V

Our team ensured there have been rules setup to protect the interests of lessors for example: lessors can get their sharks back from the rental market anytime they want as long as it’s not being leased by anyone at that moment. When the profit to the lessor for a single shark does not reach the expected profit set by the lessor, the leaser’s credit score will be deducted. We also protect the lessee by giving them rights to extend their leases as deemed necessary before the expiry of the lease they’re currently on. Another important one is that sharks without full energy points cannot be leased out to ensure the lessee enjoys optimal use and value of money spent to lease the shark.

V

More protection rules and a tutorial on how the rental system is used can be found here:

1) Leasing Rules Of The Leasing System In StarSharks. Warriors:

https://medium.com/@StarSharks/leasing-rules-of-the-leasing-system-in-starsharks-warriors-a8b412f8e8c3

 2) Updated Rental System and Its Tutorial: https://medium.com/@StarSharks/updated-rental-system-and-its-tutorial-995cd0e062e7

Gold Rocket | Satoshi Club

great guides for players

V

The lessor still retains ownership of the NFT, and its a free marketplace.They can set the lessing revenue of $SEA in a certain period (For example: $SEA/ Per day, $SEA/ 7days )to rent out their sharks. How much the sellers sell for is up to them, StarSharks platform do not interfere with their transaction behavior.

Mary | Satoshi Club

Well thought rules

Gold Rocket | Satoshi Club

sounds good. it’s a vantage point win-win

V

Thanks, I’m glad to have your recognition.

Gold Rocket | Satoshi Club

Thanks a lot for the info and great answers

Gold Rocket | Satoshi Club

Ready to proceed to the next question?

V

Yes, win-win is the prerequisite for the sustainability of the project.

Gold Rocket | Satoshi Club

Q5 from Telegram User @Anne_Tim

We can see that Star Sharks is bringing 2 tokens – SEA and SSS. Please reveal the economic models staying behind both of them? Why is it important for players and investors to hold both tokens? Is it also possible to benefit from all game features holding only game token SEA? When will it be possible to acquire both tokens? Thank you!

V

Wow, I love this question, it gets to the point.

As you have just mentioned, StarSharks has a sustainable dual-token economy system which makes it very important for players and investors to hold both tokens as explained below.

$SSS is the governance token of StarSharks with a max supply of 100 million. Its value will be maintained by the special design of “release-staking-recycling”. Players will also be able to participate in DAO decision making in the future.

$SEA is the game token of StarSharks with unlimited supply. However, players can only get SEA tokens in-games and its value will be stabilised by the many utilities that will be applied in upcoming games.

Mary | Satoshi Club

When your DAO will go live?

V

In fact, the statistics have shown that our economic model is working as expected. Over 13,600,000 $SEA has been burnt, which keeps the price steady compared to the huge correction of the whole market recently. The steady performance of $SEA also helps with stabilising the value of $SSS token. More utilities will be added to the $SSS token in the future to gradually increase its value.

V

According to the last question, sure! Users can acquire both tokens through in-game battles.

1) We have the rewards mechanism of the StarSharks. Warriors PvP game mode. The top 500 individual ranks are eligible to get $SSS rewards in the game according to the games’ monthly PvP ranking.

2) Players can get $SEA rewards through the daily task and win in the PvE game. A win in a one-star PvE level will generate 2 SEA. In addition, you can get $SEA rewards through our events in-game, such as: open the blind box.

Mary | Satoshi Club

Nice rewards  Satoshiclubbers, pay attention

Gold Rocket | Satoshi Club

Not bad

V

Soon will be up! The plan is to launch in the coming month! Let’s wait and see!

Mary | Satoshi Club

We will follow your updates

V

One more important use of holding both tokens is their use in the process of upgrading sharks to a higher star level.

More ways to get token rewards need to be actively explored by players, and you will find more surprises from them.

For more details of how $SSS and $SEA work, please check out our official landing page:   https://starsharks.com/

Gold Rocket | Satoshi Club

Thanks for your great answers and clarification

Mary | Satoshi Club

Thank you for your answers, Vanessa! Ready for the 6th and last question from this part?

V

Thanks God, I finally finished answering those important questions. Thank you for your patience. @GoldRocket27  @madamlobster

Gold Rocket | Satoshi Club

Q6 from Telegram User @iamluong

Does the Shark-metaverse in StarSharks support virtual reality (VR) glasses for the best player experience? Do you think Metaverse is still nothing special at the moment, it needs virtual reality devices and more advanced networking technology (at least 5G)?

V

We decided to let players join our Shark-metaverse by initially offering an Android version and an IOS version in the near future because most people, especially people in the crypto space have smartphones and it will be easy for them to experience our platform.

VR could also be an option at a later stage as it requires VR devices and stable network connections and it may not be as inclusive or easy for the average person to join. Therefore, we would like to first focus on the comprehensive construction of the platform.

Mary | Satoshi Club

Gotcha

V

Wow!!!

Gold Rocket | Satoshi Club

Thanks a lot for your answers! share your useful social media links with us before opening the chat

V

If you would like to hear from us and know more about us, please follow our official channels, where you can find the latest news and announcements.

Website: https://starsharks.com/

Twitter: https://twitter.com/StarSharks_SSS

Telegram: https://t.me/starsharks_SSS

Discord: https://discord.gg/starsharks-sss

Youtube: https://www.youtube.com/c/StarSharks_SSS

Mary | Satoshi Club

Thank you  Vanessa, are you ready for the live part?

Gold Rocket | Satoshi Club

Let’s fly!!!

V

Haha, I’ve been waiting for this moment for a long time.

V

Yes, let’s dive to the ocean!!!

Mary | Satoshi Club

Let’s go

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Mercury654

Colloboarations and Investors are Also equally Important For the growth of platform , So Have You made a Wise Decision In Choosing your Investors and Partners , Could You please tell me About them ?

V

We are thrilled to announce the closing of a $4.8 million private round from last December.
Beyond grateful to get support from over 30 prominent institutional investors that saw our visions!

These investors include Binance Labs, who gave our shark metaverse a strategic investment in the early stages, DAO Maker the project launcher, Kucoin Labs which leads the exchange field, YGGSEA one of the best guilds we have partnered with, and many others!

Speaking of guilds, we’ve actually had a lot of enquiries from players about this recently. Since I’ve just spoiled enough information, thought I’d let you know a little more. We currently have over 20 excellent guild partners and plan to openly recruit more in the future, this will also be one of the main areas we will focus on developing.

Q2 from Telegram user @Fatima6734

Can you provide some detail about StarSharks Scholarship Program? For what purpose, This Scholarship Program will be used?

V

Sure, All $SEA income of the team up to Feb-01-2022 00:00UTC will be used to officially launch the StarSharks Scholarship program! The accumulated $SEA income up to now is 113,832.

Q3 from Telegram user @captainprice111

Nowadays GameFi project has many public chains to create one, so can you tell us why StarSharks chose BSC for IGO? What privileges does BSC provide for StarSharks platform?

V

There are indeed a lot of public chain options for the GameFi project to build on. The key factor for StarSharks to choose BSC is about what could bring the best experience and value to our community, as in 1) lower gas fee; 2) strong community. As gas interacting on a decentralised platform based on ETH continues to rise, it becomes more and more expensive for users to participate in its ecosystem. Through BSC, we can pay low gas fees while enjoying high speed. BSC, backed by Binance, the largest digital currency exchange, has a large enough user base that matches with the big plan of StarSharks, so why not?

Q4 from Telegram user @satishgmr

What is the main feature of your Marketplace and currently are you selling NFTs of StarSharks? or any other Project NFTs also? and which wallet is currently supporting in your marketplace and in future are you going to add more wallets?

V

You can discover the highlights of our marketplace by browsing our official website: https://starsharks.com
We currently support the BSC wallet and now our tokens are added to the DeFi wallet: https://twitter.com/cryptocom/status/1484025212006187010

Q5 from Telegram user @Goodhopeyuoiy

Do you have Whitepaper if yes, please share it with as secondly do. you have plans for pre-sale? now where can we Join it?

V

Yes, of course. Whitepaper link: https://s3.ap-southeast-1.amazonaws.com/static.starsharks.com/whitepaper/StarSharks_WhitePaper_2021.pdf

We are delighted to announce that the SEA/BNB and SSS/BNB trading pairs already listed on PancakeSwap. and now users can spend 500 $SEA to purchase one normal shark NFT, uers can download our official version of StarSharks. Warriors on our website. https://t.me/Satoshi_club/1409945

Q6 from Telegram user @mobilejii

Its very hard to trust project without knowing team and many projects are for rug pull. Have done any Audit or locked liquidity? How can we be sure your project is legit?

V

Totally understand your worries. Our contracts have been approved by CertiK. And StarSharks’ Contract Addresses can be seen down below.
NFT Contract address:0x416f1D70c1C22608814d9f36c492EfB3Ba8cad4c
SSS Token contract address:0xC3028FbC1742a16A5D69dE1B334cbce28f5d7EB3
SEA Token contract address:0x26193C7fa4354AE49eC53eA2cEBC513dc39A10aa

Q7 from Telegram user @krish_crypto22

Has you have plan to develop five quality in house games other than this what other thing has been planned for Gamers?

V

However, when we look at the current GameFi market, we feel that the market is dominated by a lot of independent games with isolated assets that can only thrive in one game, and the value of such assets cannot be sustainable since the applications are limited. Also, in most cases, the games don’t interact well with the community – players/users are excluded in the game development, and unable to shape the value of their game assets.

Therefore, we would like to develop a quality GameFi platform with state-of-the-art game series created and governed by the community, under the support of our strong gaming development team. StarSharks team will create the first 5 initial games and provide SDK to external game developers as well as our community to build the future of StarSharks metaverse.

To date, StarSharks has developed the first game ‘StarSharks. Warriors’ and the official version is open to the public. You can spend the $SEA to get the normal shark NFTs on the marketplace of StarSharks official website or through our rental system to join StarSharks metaverse.

We look forward to having our community onboard to design the next few games together and continually create value with StarSharks assets.

And we will seek more application scenarios for NFTs and explore more possibilities of NFTs in the future. What we understand is that the metaverse should be infinitely extended and open, so we are constantly exploring the possibilities of collaboration with the external metaverse as well.

Q8 from Telegram user @superhero_898

StarSharks?
Why did you name this Gaming project StarSharks ?
Do you like shark or is there any other story behind it?

V

Sharks are the freest creatures in the ocean, and the spirit we revere.

The initial design of our game is that our sharks are ranked by stars.

Share a funny fact that our team happened to be drinking Starbucks while thinking of the name, and we thought why not

And so…. StarSharks was born

Q9 from Telegram user @jirencrypto

I read that you will gradually unlock a variety of NFT application scenarios, can you tell us about what will be the NFT application scenarios we will find in the StarSharks metaverse? How many game modes will there be? Are there any special requirements to access each of them?

V

Sure, there are five initially planned games and we will release SDK for game developers to develop their own games in the future. Most importantly, there will be different kinds of NFTs to be released gradually and there will be connections between different NFTs and games. For example, in the second game that is being developed, we have a plan of issuing land NFTs and the game is expected to release in the middle of the year. We take extreme care in maintaining the balance of the platform while releasing the new NFTs. Of course, our shark NFTs will enjoy the most applications in different future scenarios. We are StarSharks, aren’t we?

Q10 from Telegram user @hihohiho140699

I Read In Your Roadmap that In

● February 2022 You have Planned to Establish an official support fund to support the construction of gold trading unions in Southeast Asia, Africa, So Can You tell me More about this and Do You plan to Expand to other Regions as Well ?

V

We’ve actually opened up some guild activities in Africa, which is kind of the first step in our new adventure, and you can think of it as a pilot!

We’ll be venturing into more areas at the right time in the future, too!

Look forward to our official social media platform to follow up on the latest notifications!

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.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram –https://t.me/starsharks_SSS
Medium –https://medium.com/@StarSharks
WebSite – https://starsharks.com/ru
Twitter-https://twitter.com/StarSharks_SSS

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