CryptoArena x Satoshi Club AMA Recap from 24th of July

CryptoArena x Satoshi Club AMA Recap from 24th of July


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 CryptoArena and our guests were @Blake4Liberty, and @leonie_forsman — representatives of CryptoArena. The AMA took place on 24th of July.

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

Gold Rocket | Satoshi Club:
Hello, dear Satoshi Club community! We are pleased to announce AMA with CryptoArena.

Paul Mont | Satoshi Club:
Today’s guests are @Blake4Liberty @leonie_forsman ! Welcome! Great to have you here!

Leonie CryptoArena | CATS:
Hii, thank you! Please add @Lorenzo_CryptoArena as speaker

Gold Rocket | Satoshi Club:
Hi! Of course

Paul Mont | Satoshi Club:
A big welcome for @Lorenzo_CryptoArena as well

How are you doing guys today?:)

Leonie CryptoArena | CATS:
Excellent! Excited to be here, how about you?

@Lorenzo_CryptoArena needs permission to type btw

Paul Mont | Satoshi Club:
I think it would be an euphemysm to say that We’re even more super excited to learn anything about CryptoArena

@GoldRocket27 will take care of it in a moment

Leonie CryptoArena | CATS:
We can’t wait to share everything about CryptoArena

Paul Mont | Satoshi Club:
In the meanwhile, would please start with a brief introductiona about yourself and CryptoArena?

Leonie CryptoArena | CATS:
Sure! I am Leonie, cofounder & COO of CryptoArena, and we are building what we call the first “”self-decentralizing” exchange.

That is, a crypto exchange + securities broker that distributes platform generated (net) revenue back to its users, through a game-like points scoring system.

Basically, the more points, the larger the share you receive from the platform’s revenue.

Paul Mont | Satoshi Club:
That is very interesting… and I’d add definitely unique.

Leonie CryptoArena | CATS:
But the really cool part about it is that the proportions that get distributed increase over time as a consequence of our unique “self-decentralization”processes, from 25%, all the way to 100%, which will transition the holding entity into a fully self-sustained non-profit.

Paul Mont | Satoshi Club:
What do you mean with Self-Decentralized Exchange? How is Crypto Arena goind to be Self-Decentralized?

Lorenzo Ferrari:
Hi everyone! Great to be here.

Thanks for having us.

Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club @leonie_forsman and @Lorenzo_CryptoArena

Paul Mont | Satoshi Club:
Hello @Lorenzo_CryptoArena! The pleasure I can assure you is definitely all ours!

Gold Rocket | Satoshi Club:
Thanks for joining guys!

Let’s start!
Introduce yourself please. How did you get to be involved in crypto & CryptoArena?
Tell us please about your position in CryptoArena?

Lorenzo Ferrari:

for benefit of audience, I am the founder/CEO of CryptoArena, and look forward to answering any and all questions.

Paul Mont | Satoshi Club:
I was just equiring @leonie_forsman to give us some tasty introduction about all the awesomeness that you guys will be fleshing out regarding Crypto Arena through the AMA

Lorenzo Ferrari:
Indeed — I can pick up from the question above

Gold Rocket | Satoshi Club:
@leonie_forsman Has already told us a little about herself and the project, add some interesting facts

Paul Mont | Satoshi Club:
Again please, introduce yourself and tell us about a bit of your background as well @Lorenzo_CryptoArena

Lorenzo Ferrari:
I am Lorenzo Ferrari: Founder/CEO of CryptoArena. I’m a former corporate suit turned decentralization evangelist.

Gold Rocket | Satoshi Club:
What is the essence of CryptoArena?What is your main idea and goal?

Lorenzo Ferrari:
Our fundamental goal is to deliver what we believe “decentralized” finance should be, rather than what it presently is.

Gold Rocket | Satoshi Club:
How symbolic it is! We love decentralization too!

Lorenzo Ferrari:
In essence, we believe decentralized should imply “owner-less” and “free of special interests” as a default.

Gold Rocket | Satoshi Club:
It means you are a revolutionary

Lorenzo Ferrari:
Thus, an exchange should operate for the benefit of those that create value in its network: Users.

Leonie CryptoArena | CATS:
Taking out the interests of the middlemen.

Lorenzo Ferrari:
And well, we came up with a feasible way to deliver this.

So really we’re just building on the original mission of this whole revolution.

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 CryptoArena?

Lorenzo Ferrari:
The main platform takes a fairly long time for the crypto space, this is due to regulation more than tech really. As Leonie mentioned in passing, we aim to offer securities as well.

which means we have to go through the toughest and longest audits on the planet

Gold Rocket | Satoshi Club:
Well, this is really a very important aspect.

Lorenzo Ferrari:
Those with institutions, (AFM.nl for EU, and SEC.gov for US)

Paul Mont | Satoshi Club:
I can picture the situation, unfortunately. Regulations are a real jungle.

Lorenzo Ferrari:
So basically we start with simpler projects.

still very cool tho.

that we deliver every quarter from the previous one all the way to launch

Leonie CryptoArena | CATS:
NFT Arena for example

Lorenzo Ferrari:
So we can create utility and community, as well as distribute our tokens at a fairly lower valuation than what it will be when the “main” use cases for it go live

Gold Rocket | Satoshi Club:
In fact, it’s incredible! We are all at the origins of crypto history. And people like you will write in textbooks on crypto

Also we would like to know about your team. Who is on the project team core?

Leonie CryptoArena | CATS:
Thank you, we’re definitely in it for the long run!

Lorenzo Ferrari:
Thank you

we try to keep humble and just put one step in front of the other

Lorenzo Ferrari:
We’re actually quite small still, we have a team of 8, of which half devs half not.

and work with some external parties here and there when we need help

Gold Rocket | Satoshi Club:
Is your team anonymous?

Lorenzo Ferrari:
No we’re not anonymous, you can find our pictures and links on the homepage at cryptoarena.org

Paul Mont | Satoshi Club:
I have to praise you for being completely public and transparent.

It’s not a thing to take for granted in the crypto world and already helps building a lot of trust from the very beginning

Leonie CryptoArena | CATS:
Most of our members are indeed on the team page

Lorenzo Ferrari:
It’s the only responsible thing to do for a project like ours

Gold Rocket | Satoshi Club:
Thanks for the introduction, we will have a question selected for the Part 1. Ready to start?

Leonie CryptoArena | CATS:
Absolutely.

Lorenzo Ferrari:
Always ready

Q1 from Telegram User @ambbobb
CryptoArena Tokens $CATS is an utility token built on ETH network. We can involve in NFT ARENA battle to win $CATS. What is the benefit of holding $CATS token,how can we utilize premium perks with custom notifications while holding $CATS. You listed some features for your token like single-sided staking; Run a node NFT ARENA; Ticket to passive income. How does these features work, can you give more explanation about these?

Lorenzo Ferrari:
Great question, but let me start with the ticker: it’s $CATS with the “S”, there’s another token without it that has nothing to do with us.

Leonie CryptoArena | CATS:
For NFT Arena you will be able to use the CATS in-game to get and make playing cards

Gold Rocket | Satoshi Club:
Thanks for fixing

Lorenzo Ferrari:
The main use case of CATS (CryptoArena Tokens) is as a “multiplier” to the “glory points” you earn from all activity

The “glory points” are the ones that get you shares of revenue distributions

works basically like a power up in a videogame, allowing you to score more points for a period of time

the other uses cases are:

  • staking
  • NFT Arena
  • Gas Tracker

and a couple more side ones for when the main platform comes out:

  • access to private sales
  • discount on tournaments

staking: https://docs.cryptoarena.org/cats-intro/cats-farming-and-nodes

works like that in a nutshell

it’s single sided (stake $CATS, get rewards in $CATS)

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

Gold Rocket | Satoshi Club:
Great infographics! and a clear explanation!

Lorenzo Ferrari:
And gives you a 1:1 synthetic that you can use for
a. governance (voting) relating to monetary policy decision (e.g. programmed inflation)
b. to get a node for NFT Arena, which generates rewards from the revenue streams of the game

Paul Mont | Satoshi Club:
Crypto Arena also features another flagship token, which is $ARENA, is that correct?

Lorenzo Ferrari:
Yes.

those are our Security Tokens and are not available yet (except to big big Lead investors)

Gold Rocket | Satoshi Club:
You should have interesting tokenomics. Want to share with us?

Lorenzo Ferrari:
They have a key role in the whole thing, as they have 3 key functions:

  • investment instrument | a real security, featuring full rights of shareholders and bonuses
  • “beacons” to our systems | indicates where and how much % of revenue should go where
  • “guarantors” of the mission of “self-decentralization” | because of the built-in features and limits that ensure none of them goes missing when needed to complete the process

their tokenomics are unique, but actually quite easy to explain: it’s like the children’s game “musical chairs”.

whenever you “take a chair out”, there are less, and become more valuable.

eventually there will be none.

Gold Rocket | Satoshi Club:
I’m intrigued

What genius came up with this

Lorenzo Ferrari:
Longer and more serious explanations are on the docs btw

find it all in this section: https://docs.cryptoarena.org/self-decentralization/how-it-works

Leonie CryptoArena | CATS:
Hahha our CEO

Lorenzo Ferrari:

Leonie CryptoArena | CATS:
And at this point we will have fully ‘self-decentralized’ with all net revenue flowing back to our community

Gold Rocket | Satoshi Club:
He’s a really wise person

Lorenzo Ferrari:
Am flattered

Leonie CryptoArena | CATS:
(loving the giraffe stickers you were using)

Gold Rocket | Satoshi Club:
So by caring for your community you strengthen the project! the community is the engine of the project

Leonie CryptoArena | CATS:
Indeed, just like the purpose of blockchain.

Lorenzo Ferrari:
That’s exactly right, and how we get our competitive advantage.

Gold Rocket | Satoshi Club:
Can we proceed. Or you want to add something?

Lorenzo Ferrari:
Yes, quickly: we distribute money as rewards and incentives to further activity.

Q2 from Telegram User @andrey_seleznov
Hi CryptoArena!
CryptoArena hasn’t released a product with gamified elements yet, but I see an exciting future ahead with your team developing an NFT Arena game! Do you have a beta we can take a look at? What is the genre of this game and will winning mostly depend on skill or a random chance?
And lastly, as I understand, the CryptoArena exchange will also contain some gamified elements. Could you please share how some of these exciting gamification concepts will work?
Thank you!

Gold Rocket | Satoshi Club:
Oops

Lorenzo Ferrari:
Yesss

nono it’s ok

it’s the gamified elements I was gonna add

so pt2 of the question

Leonie CryptoArena | CATS:
Hahah nice timing in that case

Lorenzo Ferrari:
NFT Arena is a trading cards game (TCG) that uses NFTs as game assets

Leonie CryptoArena | CATS:
We do not have a beta yet, but i am currently working on putting together a video to showcase the gameplay

Lorenzo Ferrari:
Basically it means you can use any NFT, and aren’t required to buy cards from us

by depositing the NFT on our smart contract, an in-app (on phone) card is generated, and this card is required to withdraw the NFT from the contract

players can win (or lose!) NFTs to one another in-game

add wagers with tokens, climb ranks, set up tournaments

Leonie CryptoArena | CATS:
For reference: https://cryptoarena.org/nft-arena/

Paul Mont | Satoshi Club:
Ingeniuos… You really mean ANY NFT?

Lorenzo Ferrari:
721 confirmed, insourced super-dev tells me 1155 is no problem

Leonie CryptoArena | CATS:
well it does need to be on a chain that’s supported by the game

Lorenzo Ferrari:
first deployment will be on ETH

but it’s also fundamentally agnostic, and we can deploy multichain with ease

Leonie CryptoArena | CATS:
So starting with ethereum and expanding to EVM compatible chains like Fantom and Polygon and the likes

you’ll be able to win NFTs on the other chains and claim them there

Paul Mont | Satoshi Club:
Amazing design concept… really love it guys!

Gold Rocket | Satoshi Club:
Wax?

Leonie CryptoArena | CATS:
Wax is a good one too indeed

Lorenzo Ferrari:
Mmm I don’t know much about them

for the moment top considerations are Matic and FTM

Gold Rocket | Satoshi Club:
They have fired very well in the last six months.

Leonie CryptoArena | CATS:
also the game is pretty easy and straight forward to play in the basic setting, however with custom rules it can become quite complex

Lorenzo Ferrari:
Hh yes, just haven’t had the time to dig into it

Leonie CryptoArena | CATS:
Yes indeed! lots of people minting and trading there

Gold Rocket | Satoshi Club:
Quite right, these are real blockchain cruisers

Paul Mont | Satoshi Club:
So, as per @andrey_seleznov question, do you have a live beta we could have a peek at yet?

Lorenzo Ferrari:
Not yet, functioning MVP in 1.5 months.

Full thing in 3.

Leonie CryptoArena | CATS:
Moreover, NFT Arena is being build together with a game studio, Whimsy Games, so it’s gonna look amazing as well

Paul Mont | Satoshi Club:
That’s just about about round the corner, can’t wait to try it!

Lorenzo Ferrari:
https://whimsygames.co/

they have really great art

gonna be pretty

Leonie CryptoArena | CATS:
Super, maybe we can do a match together!

Paul Mont | Satoshi Club:
Would be wonderful, maybe we could also host a Satoshi Club tournament in the future!

Gold Rocket | Satoshi Club:
Wow! That’s very beautiful!

Leonie CryptoArena | CATS:
That sounds like an awesome plan, let’s!

Lorenzo Ferrari:
Right? we all loved it from the start.

gonna drop some NFTs with their assets soon too

through NFT Impact (@leonie_forsman pls get link for signup)

Leonie CryptoArena | CATS:
https://bit.ly/NFTImpactSignUp

Paul Mont | Satoshi Club:
Yes, guys, please share anything about with us

Thank you!

Gold Rocket | Satoshi Club:
Satoshi Club! note! a great opportunity

Thanks for your great answers! Ready to proceed to the next question?

Lorenzo Ferrari:
Absolutely.

Leonie CryptoArena | CATS:
We also have a giveaway running at the moment through which you can get NFT Arena playing cards

Q3 from Telegram User @victorogb
The CryptoArena ecosystem utilises the combination of various technologies and chains in it’s operations and security outlays. These includes; Polkadot, Kusama, Substrate by Parity Technologies, Zenroom, Dittofi, Web 3 foundation, and a host of others. How does CryptoArena effectively utilise the partnerships with these platforms, what are their specific roles in the CryptoArena ecosystem, and what layers of security does the CryptoArena adopt across it’s range of services and products. Additionally, can you explain why CryptoArena chose the Polkadot Relay Chain as it’s Layer 1 infrastructure?

Leonie CryptoArena | CATS:
We do unfortunately have an issue with the third-party platforms email service, but as soon as it’s working smoothly again you’re welcome to participate.

Gold Rocket | Satoshi Club:
Tell me how to participate

Leonie CryptoArena | CATS:
https://cryptoarena.org/earlyadopter-catsairdrop/

Paul Mont | Satoshi Club:
I have already joined

Leonie CryptoArena | CATS:
Hahah nice!

Lorenzo Ferrari:
Well, Polka, Kusama and Substrate are part of their own ecosystem with defined roles:

  • Relay Chain (L1)
  • “Canary Network” of Polkadot, as they call it
  • Best blockchain development environment around today

Lorenzo Ferrari:
Zenroom is a tiny and secure execution environment that runs in C — so at a very basic level, it’d run on your fridge if you wanted to

and basically what this does is support “cryptographic primitives” in its own environment, and it provides a DSL called Zencode

Zencode is a “natural language” programming language to deploy smart contracts writing in English instead of code

Paul Mont | Satoshi Club:
Haha very explicative

Gold Rocket | Satoshi Club:
Indeed

Lorenzo Ferrari:
Basically what that means is anyone can use smart contracts with it.

We want to integrate that as part of our advanced copy trading solution

Leonie CryptoArena | CATS:
Making it very easy to set up an agreement with a Champion to trade on your behalf without losing custody of your funds

Lorenzo Ferrari:
^ pic is faster

Gold Rocket | Satoshi Club:
Buddy, you have a talent for explaining complex things in simple language

Lorenzo Ferrari:
https://docs.cryptoarena.org/basics/services/advanced-copy-trading

Leonie CryptoArena | CATS:
Plus Champion only gets rewarded when they manage to make you profit

Lorenzo Ferrari:
Ahah, thanks, it was a big part of my job as a suit once upon a time

Leonie CryptoArena | CATS:
Indeed

Paul Mont | Satoshi Club:
I feel like question number 3 was amply answered

Lorenzo Ferrari:
Oh i missed a piece.

Paul Mont | Satoshi Club:
Let’s hop the the next community question, shall we?

Paul Mont | Satoshi Club:
Please, do so

Lorenzo Ferrari:
Sorry

Paul Mont | Satoshi Club:
Haha, please take your time!

Lorenzo Ferrari:
Why we picked Polkadot: we haven’t 100%, there is one contender and that is Algorand.

Truth is they’re very similar, and it boils down to a few differences

Both offer their optimized version of sidechains (parachains / cochains), issuance of assets, NFTs, Securities and much more

while the differences are quite fundamental, Polkadot uses randomized validators, Algorand instead is decentralized at a token level

the items of interest to us most of all are:

  • efficiency + interoperability
  • XCMP

Paul Mont | Satoshi Club:
So, to Algorand or to Polkadot, that is question, right?

Lorenzo Ferrari:
XCMP (Cross Chain Messaging Protocol) is an experimental feature of Polka, and Algo is doing the equivalent as well.

basically this allows two parachains (or cochains) to exchange valid blocks between each other before ever going to the L1

it’s..alien speak, but it really is a huge deal

Leonie CryptoArena | CATS:
Definitely,,

Gold Rocket | Satoshi Club:

Thanks for your answers! Ready to proceed to the next question?

Lorenzo Ferrari:
Yes.

Q4 from Telegram User @JoanaZ
CryptoArena is a social crypto platform where users can share their trading strategies to obtain profits, but this is not something new. Can you explain to us what makes your copy-trading ecosystem unique in comparison with others? Also what happens if a signal goes wrong? There exists a risk of loss ?

Lorenzo Ferrari:
There’s always a risk of loss in trading, yes.

What you wouldn’t lose on our solution is the fee paid to the Champion, in case of failure, he/she wouldn’t get paid by you.

we call ours “advanced” very much on purpose to get this question

compared to existing ones:

  • it’s decentralized, we don’t approve who can or cannot be a Champion
  • it’s based on “success fees”
  • it deploys a “trading smart contract” as a result of the agreement between the two parties ensuring nobody can weasel away in any way

further, it’s embedded within the greater system of revenue distributions

by which we mean that acting as either a “Patron” (copier) or a “Champion” (copied) gets you more “glory points” (leading to + distributions)

as a rule of thumb, our systems encourage “cooperative” and “competitive” activity

Leonie CryptoArena | CATS:
And don’t forget it’s ‘hand-off’, not just sharing signals

Lorenzo Ferrari:
So when you work with others, or compete and win, you earn more from the same volume of activity than you would acting as an individual trader

Leonie CryptoArena | CATS:
aside from hodling for the long-term I’ll definitely want to pick some Champions to do some trading,, it’s very time consuming scouting for nice entries

Paul Mont | Satoshi Club:
The differences you’ve outlined are starkly clear, especially if compaed to what the crypto market actually offers in terms of these services

Lorenzo Ferrari:

I plan to use it extensively myself

Never have time to keep up with the markets

Paul Mont | Satoshi Club:
I definitely am willing to get on board too haha

Leonie CryptoArena | CATS:
Great! plus for the champions themselves it’s very attractive too.

keep doing what you’re doing and get paid for doing it well.

Gold Rocket | Satoshi Club:
Tell me Lorenzo what are you most proud of in the project

Lorenzo Ferrari:
“symbiosis of interests”

Leonie CryptoArena | CATS:
The symbiosis of all components I bet

Lorenzo Ferrari:
Yeah.

Leonie CryptoArena | CATS:
See XD

Lorenzo Ferrari:
Nobody gets me when I say that.

Paul Mont | Satoshi Club:
Haha, almost mind-reading

Lorenzo Ferrari:
But 100% is the best

Leonie CryptoArena | CATS:
Well took me quite a while to get it to be honest

at first I mainly liked the Champion copy trading

Lorenzo Ferrari:
The way the pieces work together, it allows for aligning the interests of all stakeholders involved: company, investors, users

Leonie CryptoArena | CATS:
But the more you get the project the more it become clear how nicely it all fits together

Lorenzo Ferrari:
Everyone acts to maximize own profit, but by doing so, contributes to the greater whole seamlessly.

Gold Rocket | Satoshi Club:
@Lorenzo_CryptoArena @leonie_forsman You are responding in sync! That’s what a dream team means!

Lorenzo Ferrari:

Gold Rocket | Satoshi Club:
Nice

thanks

Ready for the next question

Leonie CryptoArena | CATS:
Yes!

Lorenzo Ferrari:
Yeah

Q5 from Telegram User @orlemys
You’ve talked about three states of decentralization “Self-Decentralization”, “Self-Decentralization Process”, and “Self-Decentralizing Exchange”. Which state are you on? Your goal is to reach a Self-Decentralizing Exchange and you’ve said once you’ll reach it, you will have also reached your conclusion. However, this state can be considered to be a long-term one, will the project be completely self-sustainable by then? Will it need zero human interaction to function?

Lorenzo Ferrari:
“Self-Decentralization” is the MISSION
“Self-Decentralizing Exchange” is the main PLATFORM
“Self-Decentralization Process” is HOW we transparently deliver the mission

The project doesn’t actually “end” when the process does. What remains behind is owner-less, global, public benefit infrastructure that just distributes 100% of proceedings.

How does it remain sustainable at that point? Keep in mind we distribute NET revenue, that is after cost / tax / retained earnings

retained earnings is an allocation in finance that is used to cover expenses you expect to have in the short term — by managing this through the retainer wallet, we can ensure continuity: the trick is it accrues value at a greater speed than the speed at which it releases it, creating a “cushion” for unexpected expenses

and if no unexpected expense comes around, then that surplus value is auto-released back into distributions

https://docs.cryptoarena.org/self-decentralization/how-it-works/pord

graph here should help

Paul Mont | Satoshi Club:
Hmm, I already stated multiple times already how I love the short and long-term design and architecture of the CryptoArena project haha

Lorenzo Ferrari:
Will it need 0 human interaction?

No. But it will not need a Board of Directors, or an Owner, and there is nobody that can change the decision to distribute 100%.

Leonie CryptoArena | CATS:
It also allows the project to keep developing regardless of how far along we are in the process of self-decentralization

Paul Mont | Satoshi Club:
You’ve mentioned briefly at the beginning that you will have to undergo audits due to regulations. What about technical audits? When can we expect them to be publicly released?

Lorenzo Ferrari:
Tokens and crowdsale we’ve done were open zeppelin pre audited stuff, very basic.

next up is the staking, we have finished building it, and are shopping for auditors currently

so very soon for that one

after that, next audit will be NFT Arena’s blockchain parts, this should be between 1–2 months from now

Gold Rocket | Satoshi Club:
Don’t forget to share with us

Lorenzo Ferrari:
Just in general, we audit before releasing to public

Leonie CryptoArena | CATS:
We’ll definitely share !

Paul Mont | Satoshi Club:
This is great news, together with the publicity of your team! It’s really great and relieving to read that you’re aptly anticipating the issue and are already taking care of that

Lorenzo Ferrari:
Too much at stake to be sloppy!

Gold Rocket | Satoshi Club:
By the way, tell us a bit about your roadmap. I know it has pleasant surprises

Lorenzo Ferrari:
Yes, next big milestones for us are the IDO w/ TosDis on August 4th, and our first listings on August 6th.

then it’s full on for NFT Arena, (1.5m MVP / 3m Full).

but at the same time we’ll be progressing on other things, as those are separate devs.

we have the Gas Tracker App that is very almost done

Gold Rocket | Satoshi Club:
Love you guys

can’t stop smiling. one of the nicest AMA

Lorenzo Ferrari:
This is an android app to set custom notifications for gas prices, so that you never miss low gas again (free w/ ads + pro version — pro free for CATS holders).

aaaand after those, next up are the copy trading system (“Zenchain” on the roadmap refers to stage 1 of this, for which we aim to get a grant).

and the MVP of CryptoArena itself, on which the serious, scaled-up building phase will start.

thank you

Gold Rocket | Satoshi Club:
Wow! Lots of great surprises

Thanks for sharing

Lorenzo Ferrari:
My pleasure.

Gold Rocket | Satoshi Club:
Ready to proceed to the next question?

Lorenzo Ferrari:
Always

Paul Mont | Satoshi Club:
The last question for this very first part of the AMA!

Q6 from Telegram User @Cheriemike
NFT Impact is a unique mass sender tool developed by CryptoArena that is capable of delivering many millions of NFTs per day, at a negligible cost and it also aim in solving the problems many crypto projects face.

Apart from the 3 things you’ve mentioned in your article of what your tool can do for an NFT creator, how will using the CryptoArena NFT Impact tool help the creator to keep track of the data he or she already have and magnify segments?

It is relatively easy to measure outcomes such as sales, profits, market share and stock prices,how will NFT Impact help an NFT creator to know what drives his or her NFT growth?

Lorenzo Ferrari:
NFT Impact is a very cool little tool, and the way it can help artists is twofold I would say

it can be used for either a target or a “carpet bombing” type of approach

as it can be programmed to target specific data attributes (any available on-chain, e.g. wallet addresses, which tokens are present, if they have NFTs, activity frequency, etc.)

but it also works wonders in complement with mass campaigns due to its great efficiency

Leonie CryptoArena | CATS:
Indeed, still get people finding us on twitter asking about the NFTs theyve received

Lorenzo Ferrari:
So, it’s good both for making a name, increasing your reputation, exposing large numbers to your content (whether its art or utility focused)

About the “great efficiency”: we dropped 1.33 Million NFTs in one afternoon to test it a couple weeks back at barely any cost

Paul Mont | Satoshi Club:
Crystal clear explanation. And I’d add, beautiful — I really can see how NFT creators can reap value from such a neat tool

Leonie CryptoArena | CATS:
Yeah, Meowximus the Great.

Lorenzo Ferrari:
https://cryptoarena.org/cryptoarena-delivers-largest-nft-airdrop-in-crypto-history/

Leonie CryptoArena | CATS:
He’ll also appear in NFT Arena

Along with 4 others that are yet to be named.

Paul Mont | Satoshi Club:
Haha great name

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Guandog
“The CATS DAO is a minimalistic governance protocol, meant to be used scarcely” do you think this is important to keep the project decentralized?

Lorenzo Ferrari:
Yes, but it’s really a matter of what “decentralized” means to the ones saying it. Sadly it’s become a common buzzword.

The CATS DAO is basically the equivalent of the IMF as applied to the economy of the CATS. It does very little things, but they are of the highest importance.

Q2 from Telegram user @hansoyeon
How does the nonprofit S-DEX work? What is the role of the $CATS token? Why should we invest?

Leonie CryptoArena | CATS:
Good one.

Q3 from Telegram user @atillayeni
You mentioned about you will go to toughest and longest audits on the planet why do you say that? Could you please explain the audit report?

Leonie CryptoArena | CATS:
Future compliance question.

Q4 from Telegram user @soyestefanya
CryptoArena designed for both beginners and professionals? How can the user earn more glory points and what would be the benefits of this?

Leonie CryptoArena | CATS:
Collaboration and glory points mechanism.

Q5 from Telegram user @potentialsake
What are the staking locks? How long should I need to stake my tokens in order to get highest rewards?

Lorenzo Ferrari:
The staking locks are part of the farm solution.

  • lasts 6 month x period
  • they are “progressive”, meaning you can join late (e.g. 3 months late = half rewards left, but only 3 months of lock)
  • they are meant to demonstrate the “stake” of an individual “stakeholder” in the project
  • they provide price support keeping tokens out of circulation
  • are wholly voluntary (and very profitable, especially year 1)
  • gives u governance (1 to 1 on monetary policy)
  • if you stake 50k or more, you can get a node (of 500 max, can be increased by governance after year 1) of NFT Arena

Q6 from Telegram user @Cheriemike
CryptoArena has a Gear shop,where shirts,hats,bags etc are being sold.But I couldn’t find any of such items on your article.Can you tell us more about your Gear Shop?Do you have a Marketplace were one can purchase them?Can we have a sneak peak of some of your items in the Gear Shop.

Leonie CryptoArena | CATS:
Gear shop question.

Q7 from Telegram user @nitrogenpower
Which of your tokens better for long term holding $ARENA token or $CATS tokens? Which one is better for long term for me?

Leonie CryptoArena | CATS:
Long-term symbiosis of tokens.

Q8 from Telegram user @highpee
I read that as part of your gospel of self decentralisation, you will be redistributing 100% of platform revenue to users. That sounds nice

! But why do you decide to give users all you should take? How will you benefit from the project or are you not interested in making money?

Lorenzo Ferrari:
We do make money, the “trick” is the time component. Revenue Distributions start at 25% — which is more than anything in the market right now, and only increase from there. It takes a max of 10 yrs to achieve 100%, but the speed we cannot predict as it depends on decisions of individual holders

the way tokens move is through a custom “exit” mechanism that we call the BUYBACK BONUS (“BBB”)

Find out more here: https://docs.cryptoarena.org/self-decentralization/how-it-works/bbb

This is super important, and is a big part of the answer of why investors would be interested in the security tokens

Q9 from Telegram user @atillayeni
You mentioned about you will go to toughest and longest audits on the planet why do you say that? Could you please explain the audit report?

Leonie CryptoArena | CATS:
Further question about audits.

Part 3 — Quiz Results

In the final part, we tested your knowledge in terms of CryptoArena . 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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