On 25th of May Bosagora conducted an AMA in Satoshi Club Telegram Group. Our guests were Boaplaton and Sodamp. Prize Pool was $200 for 40 winners. We got near 200 questions posted on our website and 600 questions during the Live Telegram Chat. Interest about Bosagora was impresive from our Community. Let’s take a look of the most interesting points from the AMA with Bosagora.

PART 1, INTRODUCTION AND QUESTIONS FROM OUR WEBSITE

Serg | Satoshi Club: Hello, dear friends! Today we present to you Bosagora! Our guests are Boaplaton and Sodamp. Welcome! Before we start, please tell us a little bit about yourself.

Irina Kravchuk | Satoshi Club: Hi everyone. Boaplaton, Sodamp welcome. Glad to have you here.

Sodam Park | Bosagora: I like this msg: Don’t panic! You’re not banned, you are just muted for portions of the Bosagora x Satoshi CLUB AMA. Lol so welcome to the AMA guys and hi, I am Sook

Platon | Bosagora: Lol.

Irina Kravchuk | Satoshi Club: Yeah, so that people understand why they can’t type.

Platon | Bosagora: This is Sean from BOSAGORA and I do BD and lots of other stuff in the projects. among them, this AMA too. lol.

Sodam Park | Bosagora: I am BD at BOSASGORA :) in charge of marketing and telegram community. Thanks for giving us the time to share and introduce our project to you.

Irina Kravchuk | Satoshi Club: So you’re a philosophy fan, aren’t you ?

Platon | Bosagora: I am indeed. 🙂

Serg | Satoshi Club: We never had a Greek philosopher as a guest.

Irina Kravchuk | Satoshi Club: Yeah, that’s a first :blush:

Platon | Bosagora: lol

Serg | Satoshi Club: Sook and Platon, please make a brief introduction of the project :)

Sodam Park | Bosagora: BOSAGORA aims to establish a decentralized, censorship-resistant blockchain platform where stakers (part of the Congress) can decide on what projects to support through a democratic decision-making process. BOSAGORA pursues the goals of democracy, legitimacy, fairness, transparency, and efficiency.

We are not a fork from another main net. Our protocol is based on PoS and is a full node based on open membership, meaning that the network is open to anyone who is willing to participate and earn incentives. This is not an easy task and even some “successful” projects have failed to reach full decentralization or are based on PoW. We also plan on using flash layer, which is a built-in 2nd layer solution that can enhance Scalability.

Our distinctive feature lies in the public financing of project proposals using the Commons Budget. The members of the Congress can vote on what proposals are attractive and doable and support the proposal.

Serg | Satoshi Club: What are the requirements for the voting rights?

Platon | Bosagora:You need to be a “Congress Network member” which is basically, you gotta run a node and become a validator just like “miner in Bitcoin”

Irina Kravchuk | Satoshi Club: Sounds complex. Thanks for the introduction guys. In the first part, we’ll have questions from the community collected on our website. When you’re ready, we’ll proceed to the first question.

Sodam Park | Bosagora: Yes, I did see more than 170 questions :)

Serg | Satoshi Club: Unfortunately we will discuss only 5 of them :) you can answer the rest of them later.

Irina Kravchuk | Satoshi Club: 190 questions

Sodam Park | Bosagora: Exact! :D

Q1 From Telegram User @Rosanela8

According to your introduction video BOSAGORA is meant to help us build our ideas without the necessity of having knowledge about blockchain. What do we have to know to be able to get into BOSAGORA, and use the platform properly and efficiently then?

Sodam Park | Bosagora: We always lay out the basics that might be easy for even the most average person to understand and use. For instance, we most recently shared the democratic voting tool, VOTERA with our community in a very recent AMA. To get into BOSAGORA, maybe it’s helpful to know these things. 1) It’s a decentralized mainnet, 2) you can run nodes and stake, by staking 40,000 BOAs you can qualify as a validator and 3) you can VOTE for open projects that want to receive funding from us which we call the Commons Budget

Irina Kravchuk | Satoshi Club: So can you create easily or just participate in projects already created easily?

Platon | Bosagora: I dont understand what you mean.

Serg | Satoshi Club: It’s too philosophical.

Platon | Bosagora: We are trying to make the platform(VM) with WASM, so devs could write the contract in Rust or C++.

Sodam Park | Bosagora: To make BOSAGORA open to many Dapp developers, we are using a language called D. Our main developers are D contributors also. It is similar to C++. Also we will utilize WASM, which will allow developers to choose the language they would like for their Dapps.

Platon | Bosagora: BTW, our main dev language for AGORA(this is the name of the node) is D.

Irina Kravchuk | Satoshi Club: Well it’s not very easy I would say but any decent developer can handle it.

Serg | Satoshi Club: What is the amount of the Commons Budget?

Platon |Bosagora: It will be minted after the coinnet launch. let me find the chart.

Irina Kravchuk | Satoshi Club: So to answer clearly on this, you’ll need to know C++ Sodamp, Boaplaton is that close?

Platon | Bosagora: Or any language that could run on WASM.

Sodam Park | Bosagora: You just need to know that we are developing our own mainnet :)

Platon | Bosagora: We are trying to prep more languages for the contract sample when the time comes. but for the initial sample, prob C++

Serg | Satoshi Club: If I am running a node, what reward should I expect?

Sodam Park | Bosagora: Rewards will be given and 27 coins are allocated for 5 sec.

Serg | Satoshi Club: Thanks for the clarifications :)

Q2 From Telegram User @nhatmv

What are the ways that #Bosagora generates profits/revenue to maintain your project and what is its revenue model ? How can it benefit win-win to both investors and your project ?

Sodam Park | Bosagora: This relates back to the Commons Budget, which we have made to fund and support great project ideas. Basically, you can understand it as an ICO platform on our main net. We also have in plan to incorporate token burn model from the profit/ revenue we earn from the investments made in BOA from the Commons Budget. Token model will be announced to the public near August :)

Irina Kravchuk | Satoshi Club:Can you share how the Commons Budget is formed? Where do the funds for the Commons Budget come from?

Platon | Bosagora: It will be minted automatically. Just like minted for validators.Then it will go to specific wallet

Sodam Park | Bosagora: The Commons Budget is an account where BOA are held and can only be transferred by proposals that are passed through the Congress. Coins in the Commons Budget are mainly accumulated through two channels; the first is the direct issuance of 50 BOA coins per 5 seconds for roughly 6 years and secondly from 30% of the transaction fee. This will ensure funds are available to growth hack the adoption of BOSAGORA.

Platon | Bosagora: Which will be handled by foundation at the beginning but later it will converted to the contract address.

Serg | Satoshi Club: Wouldn’t this create an inflation?

Platon | Bosagora: So initially it wont go to circulation. It depends. It wont go to the circulation right away. So, it should be considered carefully by the Congress

Sodam Park | Bosagora: The budget is accumulated in the span of 6 years and also the profit that is linked to the commons budget will lead to the BOA’s burn model.

Platon | Bosagora: If the budget could create more value then the number of coins, it will bring more value to the network. not just inflation.

Serg | Satoshi Club: Thanks for the response :)

Platon | Bosagora: This approach has been there for long like DASH or Tezos and other projects are doing similar stuff.

Serg | Satoshi Club: Evrika! Now I understood where does the name Bosagora comes from :)
Bos+Agora

Platon | Bosagora: Correct!

Serg | Satoshi Club: The boss of the Agora?

Platon | Bosagora: lol….

Sodam Park | Bosagora: BOS represents Blockchain Operating System

Irina Kravchuk | Satoshi Club: Greek lessons helps at last :grin:

Serg | Satoshi Club: Thanks Sook :)

Sodam Park | Bosagora: AGORA stands for democracy. Once agora was a central public space in ancient Greek city-states. It is the best representation of city form’s response to accommodate the social and political issues. Our project best represents and is shaped by the ideal of democracy that is why we put those two words together BOS and AGORA.

Serg | Satoshi Club: A good story behind the project :)

Q3 From Telegram User @bozok35

On which types of Industries & user base $BOA project is mainly focusing on? Do you plan to establish partnerships with local cryptocurrency developers in each country to make the use of $BOA more global?

Platon | Bosagora: Yes, we are. First, we are focusing on the UN SDG related projects that could help making better world with us. However, as a platform, we need to work with many industries who wants to adopt and develop on the blockchain or with the blockchain technology. Currently we are focusing on local business that can parter up with us. Of course, we need to expend to globally in the future.

Sodam Park | Bosagora: We will soon be looking for communities that would like to share BOSAGORA news regularly with the community members :)

Serg | Satoshi Club: Great :) do you have groups in local languages as well?

Sodam Park | Bosagora: We would be happy to have communities who can deliver our news in the local languages :) :) :)

Platon | Bosagora: Only in English and Korean but we will try to have other languages as well

Serg | Satoshi Club: That’s a good idea to get to people all over the world

Q4 From Telegram User MsKiwi206:

We all talk about Positive points/Pros/Good Points & Features of any Project, no one Project tells about their Cons. So can you tell us Honestly the Cons & Lacks of BOSAGORA ? Thank you !

Platon | Bosagora:Blockchain scalability has been issue and it will be issue. We are trying to solve this with 2nd layer solution which we call Flash layer. However, since this is 2nd layer solution, it wont escape from all the 2nd layer solution issue. (there are lots of debates as you know). Also our inflation rate is quite high at the beginning of the Genesis year. But, we are also preparing burn model for the coins as well for this. Also even though we started our project long ago we still could not launch our coinnet till not, since the lawsuits were not disolved until the early last year . Now we are fine and good to go.

Serg | Satoshi Club: What lawsuits? :)

Platon | Bosagora: Don’t wannt talk about it much.

Serg | Satoshi Club: Ok :) not good memories I guess

Platon | Bosagora: You can find some info here. https://www.bosplatformfoundation.io/

Serg | Satoshi Club: Thanks for the details :)

Irina Kravchuk | Satoshi Club: Thanks for the honest response 🙂

Q5 From Telegram User @rsekarn

What does a Trust Contracts and Congress Network mean?
What role does each perform in the Bosagora ecosystem and how does Bosagora aim to continuously develop the community and software into a more anti-fragile ecosystem?

Sodam Park | Bosagora: The node operators will be the ones to make decisions about what goes on within BOSAGORA and this will provide inclusive collaboration throughout the ecosystem. In other projects like Ethereum for example, anyone could choose to build a project on the blockchain without having to ask permission from the wider community. During the ICO period of 2017/18, this is what lead to much of the speed and scalability issues that Ethereum continues to deal with. With the Congress Network, however, projects would need to achieve approval from the network members first before developers could start building. This also extends to the allocation of funding from the BOSAGORA Commons Budget. Proposals that garner approval from the Congress Network will be able to access funding that can benefit the entire ecosystem.

When we started this project back in the 2017, we had this concept and the original whitepaper named “Trust Contracts” with something called OWL and TAL. The initial dev team tried to build on the “Ontology” of it and utilize to build the Trust. However, this is purely conceptual and quite difficult to achieve. This is usually researched in other industries, mostly in AI. Since continuing on to develop it is too difficult, we decided to pursue a more realistic goal, which is to develop WebAssembly. Lots of other projects are already researching on it and we think this will provide new possibilities and offer significant performance benefits. So, it’s just our own term for smart contract.

Serg | Satoshi Club: Thanks for this clarifications.

Irina Kravchuk | Satoshi Club: Is the funding coming from the Congress Network?

Sodam Park | Bosagora: Commons Budget :)

Platon | Bosagora: No. Congress Network is the on-chain governance body

Irina Kravchuk | Satoshi Club: This also extends to the allocation of funding from the BOSAGORA Commons Budget. Proposals that garner approval from the Congress Network will be able to access funding that can benefit the entire ecosystem. How does this work?

Sodam Park | Bosagora: Maybe..This diagram helps your understanding

Serg | Satoshi Club: I think Irina will have a better understanding now :)

Irina Kravchuk | Satoshi Club: Yeah, when it’s visual it’s better. Thanks Sodamp

Sodam Park | Bosagora: :) No Problem!

PART 2, TELEGRAM COMMUNITY QUESTIONS

Telegram User:

What kind of Milestone Bosagora have did so far in 2020?
And most important what is Bosagora target in 2020?

Sodam Park | Bosagora: For us, 2020 is most important in terms of 1) expanding our community and presence, 2) listing in major exchanges, 3) announcing major partnerships and 4) launching Votera. We are making huge leaps and listed in 3 big global exchanges (Bittrex, Bithumb, and Coinbene). We have English and Korean community groups and Votera is under planning and developing. We will showcase Votera by Q4 of this year.

Telegram User:

Do you have plan to list your coin on more exchange?

Sodam Park | Bosagora: When the mainnet launches, we are headed for the moon.

Telegram User:

Therefore, “staking” is a very popular topic recently.
Please tell us in detail about the $BOA staking plan and the benefits of adding “staking”??

Platon | Bosagora: We already shared the inflation chart and you can find full version in our whitepaper. anyway, you can stake at least 40,000 BOA and run a node then become a validator. You will receive confirmation rewards for being part the network!. 🙂

Telegram User:

What is the use case of BOSAGORA token?

Sodam Park | Bosagora: We will be announcing partnerships very soon :) We are very excited to share our first partners of the ecosystem :) Our partnerships will jointly work with us towards our goal of making a better world. We may share the same visions, development, or profits.

Telegram User:

Can you share some Details about some of Your Recent Major Achievements done by Bosagora project?
Also, what are the Future Roadmap & Targets of Bosagora project?

Sodam Park | Bosagora: We just recently announced our partnership with a major hard wallet company, CoolBitX and carried out a quiz event to honor this partnership. This year, we will be announcing 1) partnerships , 2) burn model of BOA, and 3) Launching of VOTERA, the decision-making tool to be used in the Congress Network. You can read further about our development roadmap in our website: https://bosagora.io/tng/

Telegram User:

Can you explain about Deliberative decision-making platform of Bosagora project? How Deliberative decision-making platform works & which technology is used for above platform?

Platon | Bosagora: We call it VOTERA. This will be the app on the smart phones. It will launch when our coinnet launch in same time. However, currently under development and hopefully in this summer we can show beta version of it. We will release some of the screenshots and how it works on our blog when it is ready.

Serg | Satoshi Club: Thank you for your answers!

Sodam Park | Bosagora: 🏛 Please follow these links, if you are interested in finding more about BOSAGORA

We are in CMC listed in Bittrex, Bithumb, and Coinbene

Website(Eng): https://bosagora.io (https://bosagora.io/)
Telegram(Eng): https://t.me/bpf_eng (https://t.me/bpf_eng)
BOSAGORA Official Announcement: https://t.me/boa_announcement (https://t.me/boa_announcement)
Medium: medium.com/bosagora (https://medium.com/testbosagora)
Twitter: https://twitter.com/BOSAGORA1 (https://twitter.com/BOSAGORA1)
Reddit: https://www.reddit.com/r/BOSAGORA_BOA (https://www.reddit.com/user/BOSAGORA)/
Facebook: https://www.facebook.com/BOSAGORA (https://www.facebook.com/BOSAGORA/)/
Linkedin: https://www.linkedin.com/company/bpf-korea (https://www.linkedin.com/company/bpf-korea/)/
Youtube: http://bit.ly/2YFpd5r (http://bit.ly/2YFpd5r)
Github: https://github.com/bpfkorea (https://github.com/bpfkorea)

We have information all here if you want to do some self-study!

Irina Kravchuk | Satoshi Club: Thank you. It’s been a pleasure to have you as our guests.

Sodam Park | Bosagora: Thank You!

Part 3 — quiz results

Correct answers:
1. What is the name of the hard wallet company that BOSAGORA just announced the partnership with?
CoolBitX

2. Most recently, BOSAGORA celebrated _____ year(s) of anniversary. How many year(s) has the Project been developing?
1

3. Which of the following is not a feature/characteristic of the mainnet being developed by BOSAGORA
BOA Power

4. Which of the following is the number of nodes that a participant has to freeze to qualify as a validator?
40,000 BOA

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:

Bosagora Official Community: https://t.me/bpf_eng