Value Network x Satoshi Club AMA Recap from 20th of February

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 Value Network and our guest was ARTEM – @grindandfind. The AMA took place on 20 February.

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

Gold Rocket | Satoshi Club:
Good evening, dear community!
We conclude our today’s AMA marathon series with Value Network.
😀

Andrés M. | Satoshi Club:
Our honorable guest today is @grindandfind, welcome to Satoshi Club 😃💪

Artem🦄:
Thanks a lot, guys, my pleasure to be here. Good day to everyone

Gold Rocket | Satoshi Club:
Welcome to Satoshi Club @grindandfind😊 Thanks for joining.

Andrés M. | Satoshi Club:
Same, how is going your weekend?

Artem🦄:
Still working on the project, but will take some rest after the AMA 😀 Looking forward to communicating with your community.

Andrés M. | Satoshi Club:
Our community is expecting this. Then, let’s begin with an introduction about you and Value Network project, please.

Gold Rocket | Satoshi Club:
To begin with, please tell us a few words about yourselves and how did you get to be involved in Value Network😀

Artem🦄:
We’ve started in 2018 with a crypto-backed loans MVP and it was the first time I was involved in the DeFi market, though the term “DeFi” even didn’t exist at that time. The market was cold these times so the project was re-started in September 2020 and now we managed to deploy the MVP on Ethereum mainnet. The project is fair so we don’t have huge pre-sales and stuff.

Gold Rocket | Satoshi Club:
This means you have been hatching an idea for 2 years.

Artem🦄:
I’ve been doing analytical researches on the DeFi market in Russia, you can find them on my Facebook page. And preparing the next big idea right.

Gold Rocket | Satoshi Club:
This is quite a difficult topic, to be honest. We will be glad if you tell us as much as possible. Share a link to the resource. We will definitely check👍

Artem🦄:
So I see that derivatives in DeFi are the next big thing. And Binary options is the perfect case as there’s an existing market in the fiat world though it’s a pretty simple instrument even for an inexperienced user.

https://www.facebook.com/levincapital
On one of the researches I study Nexus Mutual when DeFi was 1 billion))

Andrés M. | Satoshi Club:
Yes, this could be a new topic for some members. Could you describe how binary options work?

Artem🦄:
It’s pretty simple:

  • you select the market, for example BTC/USD.
  • select the price level and the timeframe, for example 60k in 3 months.

And bet higher or lower. The settlement of the bet is architectured so the winners take the funds of the opposite side. Usually, if you win you take from 30% to 70% to the initial amount that you’ve bet. BTW you can try our MVP on https://app.valuenetwork.live/

Andrés M. | Satoshi Club:
Great, thanks for this introduction to your project and this concept. We have collected some questions for the community, are you ready? 😃

Artem🦄:
Yep, sure.

Andrés M. | Satoshi Club:
Q1 from Telegram User @cengizhantekin
You started your project without token sales and offerings, but by the support of your early adopters putting the initial liquidity on the Uniswap pool. And how is the result? Were you able to get expected support, will it be sufficient for the project to reach the targets?

Artem🦄:
We’ve been doing farming rewards for the first month and it dumped the cap a bit. But once the farming is done the price stands still. I see that the first month was good but not perfect, though we are focused on the long-term development and we are good now. I was happy to make the case, I tried to solve the problem of the initial liquidity since 2017.

Andrés M. | Satoshi Club:
Could you share the tokenomics of Value Network?

Artem🦄:
I’m so long in the industry so just needed to tokenize myself and the project

Andrés M. | Satoshi Club:
Some projects are having problems with that, especially for the ETH network high gas.

Artem🦄:
You can also check in our latest deck.

The end of Q1 and Q2 will be focused on tokenomics, and we also have a simple financial model (public) that says that the demand must be up to 100k USD in the next 3-6 months. Utilities are: paying commissions for the trades, staking for the creation of the new market

Gold Rocket | Satoshi Club:
As far as I noticed, you are clearly following the roadmap and have big plans for 2021👍

Artem🦄:
The huge part is that bets will be tradable and it will play a huge role in tokenomics also. [In reply to Gold Rocket | Satoshi Club]
Yes to the day 100% commits are done. Though it was a lot of pessimism when we launched the token before the product.

Andrés M. | Satoshi Club:
That’s true, @grindandfind which are your plans for 2021?

Artem🦄:
I work at our pipeline on this link https://trello.com/b/Ubq2OMCe/value-network-public-roadmap

Gold Rocket | Satoshi Club:
However, it worked in the end!🚀

Artem🦄:
The main thing now is to move to the faster blockchains and expand the number of the markets to 1000+ in 3 months. Also to let the user stake VNTW and create the own markets

Gold Rocket | Satoshi Club:
What blockchains are your priority?

Artem🦄:
Tradable tokens are the next main milestone. It’s all followed by business development activities.
Now Binance chain, Avalanche is in the priority. But we are also talking with QTUM and Zilliqa.

Gold Rocket | Satoshi Club:
Great choice!👏👏👏

Artem🦄:
Solidity in most cases can be transferred to the other blockchain pretty fast, so I wait to see it going without a 50$ commission for one trade. It will boost our user adoption significantly.

Andrés M. | Satoshi Club:
Great idea, congratulations.

Gold Rocket | Satoshi Club:
We understand this pain 😂

Andrés M. | Satoshi Club:
Do you have something to add or we can proceed to the next question?

Artem🦄:
I think we can proceed.
The guys who want to learn more are welcome to check everything on https://valuenetwork.live/

Andrés M. | Satoshi Club:
Q2 from Telegram User @Xusuo
could you tell us how many are your main product and what are they? by the way, do you have any guide or video step by step for us about how to using the Value Network platform?

Artem🦄:
Here’s the tutorial for the testnet, the same logic is on the mainnet.
The main product is the binary options platform and exchange https://app.valuenetwork.live/
But we also have Uniswap fork ready at https://app.valueswap.valuenetwork.live/
For the longer markets bets will be tradable there.
Just a bit far from the initial design vision, so we’ll improve it to make it more understandable.

Gold Rocket | Satoshi Club:
You’ve done so much already. What are your team? how many people and what functions do they perform?

Artem🦄:
Proofs on my researches when DeFi was 1 billion lol.
We have 2 devs teams, one in India and 1 in Russia, they are auditing each other

Also business development guys are responsible to talk to institutional on Linkedin etc. About 10 people in general now.

Gold Rocket | Satoshi Club:
Yes, tell the web designer that the website is ergonomic and intuitive. 😉

Artem🦄:
Oh thank you 🙂

Andrés M. | Satoshi Club:
Btw, I see on your roadmap that you are promoting an Indian local community? Why India? What about Asia or America?

Artem🦄:
We implement the concept of the live project when all our tokenholders have up-to-date news in our social channels right from the founder.

Gold Rocket | Satoshi Club:
Do you have a mobile application? The modern world forces a person to use one gadget for all functions.

Artem🦄:
We have India, Latam, SEA regions and Africa in mind as if to speak about referral system, it has the great potential to develop in these regions.

Andrés M. | Satoshi Club:
For sure, you have the potential to be a global project 😃

Artem🦄:
We want to give an ability for the referrals to earn while adopting our product in the local communities. Now the project is more focused on tokenholders from the marketing side, but in Q2 we’ll start to apply to the end-user more often.

Andrés M. | Satoshi Club:
Yes, that what I saw, you have audit and community plans for the coming months.

Artem🦄:
Yes just to double-check our tokenomics and contracts.

Andrés M. | Satoshi Club:
Great effort 👏 Let’s go to the next question.

Q3 from Telegram User @yellowchamp
I understand that Value Network is a community-funded project in which according to your website, it has no token sales and offerings, you let your early adopters support your platform by putting the initial liquidity on Uniswap pool to make the token liquid and to let the project to be funded. So, from the look of it, funds are being taken from the community members themselves and investors and the destiny of the project is depends on the community and investors. So my question is, what if there is only fewer people who will put liquidity in Uniswap, what will happen to the token? What solution are you preparing to face this issue? How about the team did you spend money for the project for its development especially for marketing?

Artem🦄:
At the moment we are only spending our own funds) And 3/4 of the liquidity in the pairs it’s also our funds. We good on our own funds, and that’s the thing that is the best opportunity for our holders. On 3 pairs it’s more than 50K of liquidity now and solid price moves https://info.uniswap.org/token/0xd0f05d3d4e4d1243ac826d8c6171180c58eaa9bc

Gold Rocket | Satoshi Club:
Do your users need to pass KYC?

Artem🦄:
I see it myself as a good result for such bootstrapped projects like ours.
Nope. I’m the main adopter of the pure DeFi approaches.

Gold Rocket | Satoshi Club:
Sounds good😉
Do you want to add something else on this issue or can we proceed to the next question?

Andrés M. | Satoshi Club:
Which other pairs are you planning to add?

Artem🦄:
It will be the usual main pais from the top of Coinmarketcap, moving further to the list. The price levels will be 10-30% from the current levels of the assets. So 20-25% of the markets will always be “hot” or “in the money”.

Andrés M. | Satoshi Club:
Q4 from Telegram User @Wormz28
I’ve read in the medium that in the year 2018 you made an MVP of a crypto-backed loans platform that was made entirely on Ethereum smart-contracts but sadly the market was falling, and in August 2018, your project was frozen. Then just recently last year in September, Value Network Project was REBORN. So if it’s ok with you, can you share with us the story of what happened back then and how have you overcome that struggle? Also what is now the current situation/status of Value Network that now you’re finally back on the track?

Artem🦄:
In 2018 we didn’t manage to raise funds for further development.

What’s different now is that we have our own funds for the stable development, the market solved the problem of the initial liquidity and the users are more ready for the DeFi products. The market is much wider and we’ll establish our place in it.

Gold Rocket | Satoshi Club:
Really! now you are in the right place at the right time!

Artem🦄:
Yes, I’m happy to have an MVP when BTC is 55 and DeFi is 40 billion. Just need more time to make a product really sexy.

Gold Rocket | Satoshi Club:
😁 lol. you know a lot about marketing. Thank you very much for the answer.

Andrés M. | Satoshi Club:
The perfect time to boost your project.

Q5 from Telegram Username @Pratze
I read from your site that Value Network has a Farming system and it’s already launching now, can you explain how is incentive system work in the Value Network farm pool, how many farmers will get? is there also any reward for HOLDER of your token?

Artem🦄:
Farming was active for the first month, now it’s paused. For holders, we plan to have a staking plan soon.

Andrés M. | Satoshi Club:
How much APR are you considering for staking and farming?

Artem🦄:
The cap now is pretty small and the price is unstable so I won’t predict any exact APY’s. For the staking, we are still considering.

Gold Rocket | Satoshi Club:
Do you have any plans to continue farming in the future?

Artem🦄:
Yes but the mechanics will be different. I consider making a smart-contract where the farmer who withdraws his funds the last will get the most from the rewards. And the ones that withdraw first will get the least. It will motivate farmers to HODL. Now we don’t want to have any pressure in the price and it’s pretty stable.

Gold Rocket | Satoshi Club:
By the way, what are the minimum investments required to receive tokens?

Artem🦄:
We have the usual pair on uniswap and for farming, there were no restrictions on the minimal amounts. So you can purchase for 1 or 1000$ 😀

Andrés M. | Satoshi Club:
Q6 from Telegram User @AmirJosh
I read that one of the Value Network objectives behind the forking of Uniswap (ValueSwap) was to demonstrate your technical prowess, to show that the team behind Value Network could work with blockchains easily and have the capacity to fork it. Have you considered creating your own DEX platform to show how your team is capable of regarding knowledge on blockchain technology?

Artem🦄:
Yes, we want to see a product-market fit on a p2p model of bets and after that will go to p2contract things. So for the binary options market to be more similar to uniswap pools.
I saw the idea on your roadmap, how is going this p2p project? It will be like the p2p on Binance? Yep, I like Binance p2p exchange mechanics. We just need a fiat-crypto bridge for the fiat users.

Andrés M. | Satoshi Club:
A great idea to improve the adoption of crypto.
Thank you for your answers on this part, It has been an amazing time talking with you, I hope our community have learned more about what Value Network Project is and its main benefits.

Artem🦄:
Thank you.

Gold Rocket | Satoshi Club:
@grindandfind now we will open the chat for 120 seconds. then you have to choose 10 questions and answer them.

Artem🦄:
Ok.

Andrés M:
Let’s go.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ August

They really always taught me that binary operations were too risky, so I only operate on blockchain, but now that Value will convert binary into the blockchain, will it be less risky to operate there? or what changes will there be?

Artem🦄:
We have no motivation to fool you like fiat binary options brokers as the bets are p2p on blockchain and the price oracle is trusted (Chainlink).

Q2 from Telegram user @ o0s$a4l

Knowing what is happening with ETH fees, could you implement some compatibility with some other example Polkadot or BSC networks?
@grindandfind

Artem🦄:
BSC and faster blockchains is the main priority now.

Q3 from Telegram user @ Kabir Singh

One of the biggest issues for dapps is onboarding. What solutions do you have or the team found to try to resolve this problem? One of the biggest issues for dapps is onboarding. What solutions do you have or the team found to try to resolve this problem?

Artem🦄:
We need to make a product sexy and after that, we’ll do the normal scope of marketing to onboard the users. Also content and referral blockchain system must drive the user adoption.

Q4 from Telegram user @ Capt_Star1

It’s come to notice that so many projects make a good impression at first, conduct AMAs, and suddenly get abandoned or rug pull. How will you manage this project and token to ensure that it’s a success and what assurances do you have for us that there will be no rug pulls?
@grindandfind

Artem🦄:
Compare my previous commits to what we have now 🙂

Q5 from Telegram user @ Apocan

Why did you prefer to fork Uniswap?

Artem🦄:
As the platform for the tradable bets in the future.

Q6 from Telegram user @ Captain Price

There are other decentralized binary options trading platforms similar to ValueNetwork. Can you tell the difference between Valuenetwork products when you compare these platforms?

Artem🦄:
Synthetix, BIOP, and Plotx are the main competitors. We’ll be focused on the price markets and faster markets (like less than 1 day).

Q7 from Telegram user @ Nguyenthanh

In your telegram said Value Network is a Decentralized prediction market, does it mean we must make a prediction? how does it work, is it like a “Betting game” in which there is a win and lose condition?

Artem🦄:
Binary options are something between the bet and a prediction.

Q8 from Telegram user @ Austin

Why should I invest in your token? do you guarantee I’ll be profitable?

Artem🦄:
Never trust anybody who will guarantee you anything) I trust in everyday work on product and with the community.

Q9 from Telegram user @ Bea Evolvet

🌺 found little information about your next goal: Community based marketing, could you tell me more about this? Would the community be rewarded in any way?🐝

Artem🦄:
Yes, few levels of rewards for our referrals. The exact structure is still to come.

Q10 from Telegram user @ Maksym

Privet.
In our countries, Binary options are not trusted because the result is controlled by the website creator. In simple words, the player is always a loser. How can I be sure that the Value Network is transparent and that fairness is maintained?

Artem🦄:
Nice question, we use Chainlink oracle now and gonna use only trusted oracles in the future.

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 Community – https://t.me/valuenetworkchat
WebSite – https://valuenetwork.live/
https://app.valuenetwork.live/
https://app.valueswap.valuenetwork.live/

⬇️⬇️⬇️ Leave your comments bellow ⬇️⬇️⬇️

avatar
  Subscribe  
Notify of

Satoshi CLUB 2020-2021. All Rights Reserved