DEFIANCE x Satoshi Club AMA from 21 November

DEFIANCE x Satoshi Club AMA from 21 November


Hello, Satoshi clubbers another AMA took place at Satoshi Club and we would like to introduce to you the AMA session with our friends from DeFiance. The AMA took place on 21 November 4 PM UTC.

The AMA session was divided into 3 parts with a total crypto reward pool of 600$ .

In this AMA Recap we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Luis Merino :es: | Satoshi Club

Hello SatoshiClubbers! Welcome to another AMA session with Satoshi Club.

Today we have our guests from Defiance.

@defiqueen @def_erik @wearedefiance @Def_Giorgio welcome!!

Charlie

Hello to everyone! How are you, how is your day going?

I am Charlie from Defiance!

Gold Rocket | Satoshi Club

Good evening Satoshi clubbers! We are starting our today’s AMA with Defiance. Our guests today are @defiqueen, @def_erik, @wearedefiance, @Def_Giorgio.

Giorgio

Hi everyone

Luis Merino :es: | Satoshi Club

Yes dear community, I’m back moderating. Don’t worry :wink:

Erik (Defiance Developer)

Hello! I am Erik from Defiance, nice to be here. :blush:

Gold Rocket | Satoshi Club

Welcome to Satoshi Club, @defiqueen, @def_erik, @wearedefiance, @Def_Giorgio!

Charlie

Thank you!

Luis Merino :es: | Satoshi Club

Welcome guys! How are you all today?

Charlie

We are pretty good, thank you very much. On the other hand, we are of course quite tired.

Gold Rocket | Satoshi Club

Thanks for joining us.

Charlie

Thank you all for setting this AMA session.

Luis Merino :es: | Satoshi Club

It is a real pleasure!!

Gold Rocket | Satoshi Club

Tell us more about yourself and Defiance project

Charlie

It certainly a real pleasure for us too.

Defiance (DEF) is a deflationary ERC20 token for now with a reward system for holders.

Soon it will be implemented on Polkadot network, too.

Luis Merino :es: | Satoshi Club

Sounds great!!

Charlie

Thanks :blush:

Gold Rocket | Satoshi Club

it’s really very interesting!

please tell us a few words about yourselves and how did you get to be involved in Defiance.

This is a very young project

Charlie

I have invested/participated in various projects for many years. I know the entire Defiance team for many years.

Gold Rocket | Satoshi Club

Do you have a big team?

Charlie

Personally, my profession is directly related to technology. I can say the same for the whole team.

Luis Merino :es: | Satoshi Club

And what’s your role now in Defiance?

Charlie

I.E. Eric is an engineer, Chloe is a computer scientist, Giorgio is a marketeer.

Luis Merino :es: | Satoshi Club

:clap:

Charlie

I am responsible for service design. I also have research and development responsibilities for the future of Defiance, too.

Gold Rocket | Satoshi Club

This is impressive. Real professionals.

Luis Merino :es: | Satoshi Club

Got it. Thank you

Gold Rocket | Satoshi Club

Do you wish to remain anonymous?

Charlie

Thanks. :blush:

We prefer to stay that way right now. For Defiance.

Gold Rocket | Satoshi Club

:+1:

Thanks for the introduction, we will have a question selected for the Part 1. ready to start?

Or you want to add something?

Charlie

Yes, typing write now.

Being anonymous is critical for us. Here is why.

We are aware of the difficulties of giving a new impulse to the blockchain world. If we publicly publish our credentials, we think it will prevent us at some point from doing what we want to do.

Gold Rocket | Satoshi Club

I understand you. it’s your right.

Charlie

When we say what we want to do, it is not grabbing the cash and running away of course. We are trying to build a decentralized project that has a governance model and that will function as a successful DAO. In the long run, it won’t matter who the team members are but the project will be run by the DAO that will be built as a part of this project. Our identities do not matter in this context. We are a leaderless structure, consisting of people who are fed up with the infinite number of scams, rugs, incompetent projects that raise millions of dollars and do nothing. Hence, our name: “Defiance”.

Luis Merino :es: | Satoshi Club

:clap::clap::clap:

Charlie

You must have been following the latest events in the crypto world for the past 10 days. What happened to the public team projects? It didn’t prevent them from scamming thousands of people and running away with their funds. There are also so-called public teams with fake Linked-In profiles. PAMP, BLV, WALT to name a few.

Gold Rocket | Satoshi Club

Thank you for such an emotional speech!:blush:

Charlie

I am not saying that being public is not a good thing, but it is something one shouldn’t only focus on so blindly to evaluate the legitimacy of a project.

You know better than us that this year there has been a paradigm shift in doing due diligence for choosing the projects to invest in. In 2017, the first things one would look at were the whitepaper, then the team members and their LinkedIn profiles, and so on.

Luis Merino :es: | Satoshi Club

You are right

Gold Rocket | Satoshi Club

It’s ok!:+1:

Everything is clear to me. Can we proceed?

Charlie

We are not a quick cash grab project. If we were, we wouldn’t have a private sale that lasted for a little more than 1 month, we wouldn’t have a Github for our own code, but rather an automatically generated ERC20 token. We wouldn’t have bothered to design a beautiful website, which also has a dedicated sales platform working with Metamask. We wouldn’t have developed a staking platform for it. We would have gone with a less ambitious ETH raise, we wouldn’t have bothered to do a private sale. But we are here for the long run. We are here to stay. We wanted to make this raise in order to pass this phase and get it over with so that we can focus on our long-term plans and focus on developing and delivering our vision. We don’t want our project to be a still-born that loses its hype on Day #1.

I understand that you also wouldn’t want to jeopardize your reputation for endorsing an anon team’s project. But we are not 100% anon. We have just recently sealed a deal with a reputable blockchain institution. You can check them out here: https://www.bitbrain.ch and https://www.bitbrainacademy.com/en/about-us/

Erik (Defiance Developer)

@wearedefiance Allways speaks a lot and writing long sentences… :joy:

Charlie

Gold Rocket | Satoshi Club

:sweat_smile:

Charlie

They are going to be advising the project for the long term objectives ahead in terms of network, marketing, and auditing needs as well as the recruitment processes of developers for the future integration needs. They also run an education institute and our team members are getting trained and they will get certified by this institute as well.

Chloe @ Defiance

Charlie likes to talk about this issue, he is very passionate about it

he can go on and on about this

Charlie

The end.

Luis Merino :es: | Satoshi Club

Part 1 now?

Charlie

Yes, please.

Gold Rocket | Satoshi Club

Q1 from Telegram Username @brodzonl

In case the hard cap is not reached, ~48% of the ETH collected from the sale will be added as liquidity to the Uniswap Pool. In any case, the funds in the pool will be locked.

What happens if Hard cap is reached, how much precents is going to be added as liquidity on Uniswap? In case of not reaching Hard cap what will happen to unsold tokens? What is your progress with presale for now?

Charlie

@defiqueen your turn.

Chloe @ Defiance

Charlie, I would like to answer this one so that your fingers can get a little rest

Right!

Charlie

Haha, you know me well.

Chloe @ Defiance

Thank you @brodzonl for this question :relaxed:

The percent of liquidity to be added will remain the same. In case the hard cap is reached, we will be ready to provide a fat Uniswap liquidity of 1,500,000 DEF tokens + ~2,205 ETH for liquidity. In case the hard cap is not reached, we are going to provide the 48% of raised ETH during our Private Sale + Public Sale round(s). This liquidity will be immediately locked upon listing and liquidity lock proof will be shared with our community.

If the hard cap is not reached until the 24th of November, then we are going to burn all the unsold tokens before listing. The presale is going well at the moment. Crypto Twitter has started to talk about us and we are welcoming more and more people in our Telegram community. Until now, more than 300 ETH have been raised during the public sale, along with the private sale round, we are close to more than 750 ETH raised as of now. We are anticipating people to contribute as the end period of the sale approaches.

You can actually observe the transaction yourself by looking at the Etherscan of our token tracker.

This is the beauty of blockchain. Even though we explain things and convince you about your potential concerns about the project, it is the best practice which I am applying in my personal life: “Don’t trust, verify!”

Can you guys pass the Etherscan link for the community to track it themselves?

Giorgioadmin

https://etherscan.io/address/0x69079912350b1eaaf1cd5e69b40a4858d47a5ebc/

Luis Merino :es: | Satoshi Club

Thank you!

Gold Rocket | Satoshi Club

Thanks for sharing:+1:

Chloe @ Defiance

I hope this answers your question

,

Gold Rocket | Satoshi Club

Thanks Chloe!:+1:

Luis Merino :es: | Satoshi Club

I think it is clarified. No questions for me

Thanks :))

Gold Rocket | Satoshi Club

Good answer!

Chloe @ Defiance

You are very welcome! Thank you for the opportunity to address this

Luis Merino :es: | Satoshi Club

Ready for Q2? Or do you want to add something?

Charlie

Yes, please.

Gold Rocket | Satoshi Club

Q2 from Telegram user @b_dima

Every transaction will burn 5% of tokens. It is quite high, don’t you think? You incetivize people holding the token in one wallet instead of sending it because the transaction fee is too high

Luis Merino :es: | Satoshi Club

I love this question

Charlie

As we have answered in the first question, the token is designed to burn 2.5% of each tx for good. And the remaining tokens are going to be rewarded to the participants of the staking pool.

Erik (Defiance Developer)

Let me give you some details about the staking portal. You need to stake at least 1,000 DEF in order to participate in the staking program. You will be able to see your staked amount and accrued rewards on the staking interface once it goes live with the Uniswap listing. There is no penalty for withdrawing the reward DEF that you have earned but there is a penalty of 5% if you would like to withdraw your staked amount of DEF tokens if you decide to leave the pool.

Luis Merino :es: | Satoshi Club

Any reasons of this token burn? Is it to make the token more exclusive?

Charlie

Since we are planning to have a governance feature in the next quarters, which can also be seen on our roadmap, the question of this deflationary feature, the burned amount, is it going to be like this forever or will it stop being deflationary when a certain block is reached can be decided by the stakeholders and the proposals they are going to give in the governance platform. A more detailed staking guide will be published on our website and social media channels once our staking program is live.

Luis Merino :es: | Satoshi Club

Thank you. Everything clear

Charlie

Definitely!

Luis Merino :es: | Satoshi Club

Great idea then :))

Gold Rocket | Satoshi Club

Q3 from Telegram Username @yzmoney

Defiance wants to archive a deflationary token by having a 5% burning mechanism with address-to-address transaction. Will this burn rate stops when it drops to a certain amount of token ? can you describe about your staking program as this is not explained in the website.

Charlie

And @LuisMe7 this is a first for the Polkadot Network. This is also very important.

Luis Merino :es: | Satoshi Club

Love it

Chloe @ Defiance

actually this question is somewhat similar that has been addressed here.

as far as the last part of this question is concerned since we are planning to have a governance feature in the next quarters, which can also be seen on our roadmap, the question of this deflationary feature, the burned amount, is it going to be like this forever or will it stop being deflationary when a certain block is reached can be decided by the stakeholders and the proposals they are going to give in the governance platform. A more detailed staking guide will be published on our website and social media channels once our staking program is live.

Luis Merino :es: | Satoshi Club

Yep, anything else to clarify It?

Chloe @ Defiance

Sorry, I am not typing as fast as Charlie :see_no_evil:

Luis Merino :es: | Satoshi Club

When will your staking program be launched?

Giorgio

56f08cb084099f20b756c65a0ca198cabd35a31818db33ca3c27abc0df0d59a9.jpeg

Luis Merino :es: | Satoshi Club

Thank you Giorgio!!! :relaxed:

Gold Rocket | Satoshi Club

don’t worry Chloe! :blush:

Thanks!

Luis Merino :es: | Satoshi Club

Q4?

Erik (Defiance Developer)

the staking program will start within a few days, we are aiming for it go live before the uniswap listing so that the stakers will benefit from the initial tx.s during the first listing period.

Luis Merino :es: | Satoshi Club

Looking forward to it

Gold Rocket | Satoshi Club

Yes! tell Satoshi Clubbers about it!

Chloe @ Defiance

Very exciting times ahead indeed!

Charlieadmin

Shoot

Gold Rocket | Satoshi Club

No doubt!:rocket:

Q4 from Telegram Username @cengizhantekin

During or after the private sale, you have reserved about 118.000 DEF tokens for a special reason, why? Which part of the token allocation is it taken from? When will you release them? Who will be able to purchase them in what ways?

Chloe @ Defiance

Charlie can you get this one please?

Charlie

Okay

Thank you @cengizhantekin for this question.

Nowadays, coming up with a new project is a tough challenge for both the project team and the potential investors of the project. This challenge intensifies enormously especially when the team is anonymous. We have some solutions to overcome this trust issue, step-by-step.

As a result of numerous rug pulls and soft exit scams of many other projects, potential participants are hesitant to attend a presale as one might expect. Questions such as “Are they ever going to get listed?”, “Are they going to pull the rug even if they get listed?”, “When are they going to lock the liquidity?”, “What if some whale has purchased the majority of the tokens at the private sale price and he/she dumps on us?”…These are all legit and appropriate questions and concerns.

During our private sale process, we tried our best to mitigate these potential threats that would damage the project and harm our early believers. The participants of the private sale have been cherry-picked and a personal cap of sold tokens to each individual has been applied. Apart from a very few exceptions, private sale participation was capped at 10 ETH per person.

Chloe @ Defiance

Let me also contribute to this question with some more context:

During our private sale process, we tried our best to mitigate these potential threats that would damage the project and harm our early believers. The participants of the private sale have been cherry-picked and a personal cap of sold tokens to each individual has been applied. Apart from a very few exceptions, private sale participation was capped at 10 ETH per person.

Gold Rocket | Satoshi Club

@wearedefiance Btw what is the min/max to buy on Sale?

Chloe @ Defiance

As for clarifying the second part of the question: some parties wanted to participate in the private sale but had the above-mentioned concerns in their minds. We have offered them an allocation reservation and an option to buy after they are 100% sure that DEF gets listed. For this purpose, an allocation of ~118,000 DEF is being kept as reserved tokens and if the potential participants decide to buy them upon our partnership and listing announcements, they have the right to do so. But in order to protect the early believers of the project and the public sale and Uniswap participants, their tokens won’t be directly available to trade on the first day of listing.

Erik (Defiance Developer)

Charlie is writing and writing again… Let me answer this

There isn’t any min or max limit for public sale.

Charlie

Some parties wanted to participate in the private sale but had the above-mentioned concerns in their minds. We have offered them an allocation reservation and an option to buy after they are 100% sure that DEF gets listed. For this purpose, an allocation of ~118,000 DEF is being kept as reserved tokens and if the potential participants decide to buy them upon our partnership and listing announcements, they have the right to do so. But in order to protect the early believers of the project and the public sale and Uniswap participants, their tokens won’t be directly available to trade on the first day of listing. These tokens will be released once the token reaches its just price appreciation and they will not be moved for at least 1 month. If they decide to buy those tokens after DEF is listed on Uniswap, they need to send the corresponding ETH to our private sale address. But as a penalty for being a little skeptical about participating in the private sale round before it gets listed on Uniswap, they won’t be able to have control over their tokens for at least 1 month and they won’t be able to utilize their tokens for the staking program to receive staking rewards. This is only fair and it protects our early investors and public sale buyers. A transparency report, containing all the wallets will be provided on our website and medium, you will be able to observe and track the movements of those wallets yourself.

Luis Merino :es: | Satoshi Club

I love AMAs that have many guests, info is raining every sec :))

Charlie

Haha, thanks Erik!

Gold Rocket | Satoshi Club

Thanks:+1:

Luis Merino :es: | Satoshi Club

:clap:

Gold Rocket | Satoshi Club

Team spirit:grin::+1:

Luis Merino :es: | Satoshi Club

No questions at all for this one. Very complete answer. Thank you guys!!

Gold Rocket | Satoshi Club

Can we proceed?

To the next question?

Erik (Defiance Developer)

Yes please!

Gold Rocket | Satoshi Clubn

Q5 from Telegram Username @magic2crypto

Your PolkaBridge GitHub is empty so far and i don’t see erc20 tokens allocated to support work of ERC20 Polkadot Bridge, to provide it’s liquidity, etc. Could you disclosure this step of your roadmap more detailed? Will you migrate completely to Polkadot with 1:1 swap? Or, will you create additional assets in Polkadot ecosystem to provide the liquidity for the bridge? Or, will you reallocate some qty of erc20, by reducing Uniswap pool for instance? Or,which other way?

Erik (Defiance Developer)

Thank you for your question @magic2crypto

Yes our repo about the Polkadot side of the project is not open to public right now. We are not talking about fully swapping into another network completely and leaving Ethereum behind. What we’re are interested about is the interoperability between the Polkadot and Ethereum Networks. We are planning to have a bridge on Ethereum <> Polkadot Networks in order to reduce costs of each transaction and balance the load on the Ethereum side of things while doing so.

Charlie

Quoting from the previous question that have been asked here recently, our plan about adding liquidity is as follows:

In case the hard cap is reached, we will be ready to provide a fat Uniswap liquidity of 1,500,000 DEF tokens + ~2,205 ETH for liquidity.

In case the hard cap is not reached, we are going to provide the 48% of raised ETH during our Private Sale + Public Sale round(s). This liquidity will be immediately locked upon listing and liquidity lock proof will be shared with our community.

Giorgio

This information about how the remaining raised ETH will be utilized according to the following parts. I’m pasting this bullet points from our telegram group pinned message for your convenience:

Luis Merino :es: | Satoshi Club

Liquidity will be on fire :fire:

Giorgio

The remaining ETH raised will be used for the following purposes:

:sun_with_face: To provide liquidity for the other DEXes apart from Uniswap,

:sun_with_face: To be used for the integrations with the Polkadot and other possible chains,

:sun_with_face: For the collaborations and partnerships to be established in the crypto ecosystem for providing an added value to the project,

:sun_with_face: For the advantages and perks that will be provided to DEF holders throughout this long journey,

:sun_with_face: To reward community efforts and compensate the hard work given behind the scenes by the people with different roles.

Luis Merino :es: | Satoshi Club

I love that you have clear ideas on where to invest the money! :))

Ready for the last question for part 1?

Gold Rocket | Satoshi Club

thanks for the extensive answer

Charlieadmin

Thank you.

Our investors have believed in this project and trusted us with their hard earned ETH.

It is only fair that we don’t spend these funds relentlessly.

Chloe @ Defiance

Bring it oooon :+1:

:+1:

:+1:

Gold Rocket | Satoshi Clubadmin

Q6 from Telegram Username @JimJammers

According to the literature, Defiance rewards holders for holding. Is there a penalty (expressed or not) if one decides to liquidate besides the tax described in the same literature?

Chloe @ Defiance

let me get this one

Thank you @JimJammers for this question. As we previously answered the question about the staking program, the rewards the stakers will receive will not be penalized if they decide to withdraw the collected rewards.

Gold Rocket | Satoshi Club

Feel free

Chloe @ Defiance

This is done automatically in the code with the whitelisting feature. The only penalty you have here is for withdrawing the staked DEF and it is the same tax as if making a tx of buying/selling/transferring your DEF tokens.

Again, the 2.5% of these unstaked tokens will be burned for good and the remaining 2.5% of these tokens will be redistributed to the reward pool for the stake program participants. So you are being rewarded by staking your tokens and keeping them out of circulation. If you decide to become a whale, this penalty is needed in order for it to be fair for the other stakers with any amount of tokens >= 1,000 DEF.

Charlie

Thanks, Chloe.

Luis Merino :es: | Satoshi Club

Anything to add? :))

Chloe @ Defianceadmin

I think we are ready for the part 2, looking forward to a flood of questions :blush:

Part 2 — live questions from the Telegram community

Q1 from Telegram Username @KeymerS

Currently they only maintain a partnership with BitBrain, that would be the only company in which they could trust that if the project is real, but why not put more personal information about the team or more details of the company? or where can i get it?

Charlie

This question has already been addressed comprehensively here. Please refer: https://t.me/Satoshi_club/411462/

Q2 from Telegram Username @DiegoRME

When I send the desired amount of ETH to buy from your DEF tokens, would it be immediate that we would receive our corresponding tokens or do we have to wait for a period of time?

Giorgio

This is all tied to our smart contract. You will be immediately and automatically receiving your tokens in your wallet once the ETH tx clears. So you don’t have to wait for your beloved DEF tokens. You need to add them to your wallet as custom token using this address: 0x90e6E082B0aa4bf6AFBA0d11163d920A534EBae4.

Q3 from Telegram Username @BERTA2020

The percentage of your staking system varies depending on the amount entered in it or is it fixed for any amount?

Erik

As we have addressed this question about the staking mechanism, the percentage remains the same. 2.5% of every tx goes to the reward pool and it will be sent to the stakers proportional to their stake amount. As an example scenario: Let’s say there is a TX involving the transfer of 10,000 DEF. 2.5% of this amount which is 250 DEF tokens will be burned for good. The other 2.5% will be rewarded to stakers, which is also 250 DEF.

Let say what Alice has staked makes the 10% of the total staking pool. Alice will receive 10% of this 250 DEF which is 25 DEF. I hope this makes it clear.

Q4 from Telegram Username @Thiexzoro

Can you give me the current price of $DEF and the pre-sale price? So I can compare and compare and decide to buy more or less? Can $DEF be used to hold or burn

Giorgio

Private Sale Price: 1.350 DEF/1 ETH (Closed)

Public Sale (Round1) Price: 1.150 DEF/1 ETH (Live)

Public Sale (Round2) Price: 1.000 DEF/1 ETH (Not started)

Uniswap Listing Price: 680 DEF/1 ETH

Q5 from Telegram Username @JuanSB07

Lately, many projects and (most of all) DeFi protocols start under ETH’s ERC20 network, but they always clarify that in a later time they will change to another chain, in Defiance it will be polkadot for the interconnection of chains, but why start with ETH? why not start direct with the desired chain?

Erik

Polkadot will not be the only chain that this project will be on. It will co-exist between different chains actually. That’s why we would like to utilize the nice interoperability features of the Polkadot Network. We are also not blockchain biased at any point and we are also considering other blockchains that might be beneficial to Defiance, we are taking a closer look at the Avalanche protocol (AVAX) for example. We have started developing this platform on the EThereum Network to utilize the popularity and volume that the DEXes have at the moment. Hopefully, in the near future, other blockchains will also have nice and high volume DEXes.

Q6 from Telegram Username @BJosefina61

In addition to the Uniswap listing, is there a clear path to the Defiance listing on CEX?

Giorgio

Our initial plan and focus is getting listed on Uniswap. Then we are going to use the raised amount of ETH, apart from the Uniswap to provide liquidity for the other DEXes apart from Uniswap. When it comes to listing on CEXes, it needs to benefit both the vision of the project and its investors. So it needs to be integrated with the deflationary feature. However, this is just the beginning plan for Q4, 2020. As you might have already checked, the project aims to become a DAO in the next quarters, which will be led by the token holders. Then they will have a say on the future plans of the project.

— — — — — — — -

To summarize it, we do not close the doors tightly shut for CEX listing opportunities, but we are not going to do it until it really has a meaning and benefit for our community.

Q7 from Telegram Username @Ayh406

How will Polkadot contribute to your project in the future? Which features of Polkadot do you like?

Chloe @ Defiance

Polkadot Network is one of the most robust platforms in the cryptosphere due to its security, speed, flexibility, and working capacity between different networks. In this context, Polkadot Network will provide great potential for the project.

We are not talking about fully swapping into another network completely and leaving Ethereum behind. What we’re are interested about is the interoperability between the Polkadot and Ethereum Networks. Polkadot provides transactional scalability by spreading transactions across multiple parallel blockchains. Some of us have witnessed the CryptoKitties craze that clogged up the entire Network back in the back.

Today we are running into similar issues with Ethereum Network due to the popularity of DEXes, mainly started with Uniswap mania. When the network is busy, you get a lot of failed transactions, incredibly high gas fees, these are the costs that the buyer side needs to bear. We are planning to have a bridge on Ethereum <> Polkadot Networks in order to reduce costs of each transaction and balance the load on the Ethereum side of things while doing so. Polkadot doesn’t need hardforks to upgrade itself for integrating new features or fixing bugs.

The Substrate framework development is hassle free and convenient. Also the Polkadot Network has its own governance system which is in line with the vision of our project, which will have governance features where all stakeholders have a say in the very near future. We are also a member of Crypto Valley Swiss and our partner Bitbrain is located at the heart of Zug, neighbors and are in close connections with the web3 foundation. As the phrase goes we are in the position to rub shoulders with them, although we do not rub shoulders due to Covid-19 restrictions at the moment :blush:

Q8 from Telegram Username @konditer_rolex

I read about the steps you took to convince investors to boldly invest in Defiance. Of course, you will now voice them for all of us. But I would like you to add some information about who had pre-sale privileges.Who was allowed to buy more than 10 ETH of your tokens in October?Are there currently blocked accounts or have investors of all categories already received their tokens?

Giorgio

It happened like 1.5 months ago and we have recently closed the private sale.

The private sale allocations mostly consisted of people/communities who have contacted us and have proven that they have the potential to make a positive contribution for the long term success of the project. These allocations are capped, so we didn’t allow any whales to take hold of the majority of the tokens and kill the project before it even starts.

Q9 from Telegram Username @cryptonatorswiss

Your partnerships and collaborators are based in Switzerland. What is the reason for this or do you live in Switzerland?

Charlie

I and a few other teammates live in Switzerland, and Switzerland is the best place to start a cryptocurrency venture!

Btw, didn’t you see the photo I took in front of my web3 foundation?

Q10 from Telegram Username @Pratze

Yesterday I try to access Defiance website but there is an error in there. What happen to Defiance website? It is still safe to do invest with Defiance ?

Erik

Our systems have undergone an intense DDOS attack yesterday, during the first day of the public sale and the network where our website was being hosted become clogged and unable to respond. As we were trying to tackle with this challange, we have received some private messages and offers from some parties, offering their services to stop this DDOS attack. We have not given in to these extortions. They wanted us to pay them some ETH to stop this attack. We do not want to endorse this kind of threats in the crypto community. For this reason, we have built a system that consists of several different servers with cluster and load balancing systems under a new server infrastructure. If a similar attack happens, they need to overcome several security measures. In addition to that we have 2 more backup servers with the same precautions taken and they are ready to be used as a back up system.

It is also possible to contribute to our Public Sale directly using the public sale token contracts, which is described in our Buying guide here:

https://sale.def.finance/doc/DEF-BUYING-GUIDE.pdf/

Charlie

We would like to thank you for giving us this opportunity and the community for asking these amazing questions.

Since we had limited time here, we didn’t have the chance to answer all of your questions.

However, we are always here for your questions and we will be more than happy to answer those in our Telegram group after this AMA.

Last but not least our public sale is still alive until the 24th of of November 17:00 UTC :relaxed:

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/def_finance/

Twitter: https://twitter.com/DefianceFinance/

Website: https://def.finance/

Medium: https://medium.com/@defiance/


Satoshi Club
Satoshi Club

An educational group about crypto and blockchain technologies


Satoshi Club AMA Recaps
Satoshi Club AMA Recaps

A collection of AMAs with crypto teams

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