Apron Network x Satoshi Club AMA Recap from 10th of March
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 Apron Network. Our guest was @Philex_Zhang the CEO of Apron Network. The AMA took place on 10th March.
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 community
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Apron Network! Welcome to Satoshi Club
Gold Rocket | Satoshi Club: Hi, dear community!
Let’s start our today’s series of AMA marathons with Apron Network.
Philex Zhang: Hey great people from Satoshi Club!
Great to be here
Gold Rocket | Satoshi Club: Today our guest is @Philex_Zhang!
Welcome to Satoshi Club, @Philex_Zhang!
Mary | Satoshi Club: Hello, Philex! Welcome here
How are you today?
Philex Zhang: Couldn’t be better
Gold Rocket | Satoshi Club:We are honored to welcome you here!
Philex Zhang: I can’t wait to introduce apron network to you guys!
Mary | Satoshi Club: Great!
Gold Rocket | Satoshi Club: To begin with, please tell us a few words about yourselves and how did you get to be involved in crypto & Apron Network?
Philex Zhang: definitely. I’m Philex Zhang the CEO of Apron Network. I graduated from National Computer Information Content Security Ket Laboratory of Harbin Institute of technology as a PHD student in 2012, and worked in Feitian Safe Ltd as the senior system security analyst for 3 years before moving to New Zealand and worked as a networking engineer since then.
Cryptography is a key area of our information security research and it’s safe to say that I have been following the development of cryptocurrency since its birth!
Mary | Satoshi Club: Technology always was your passion
Philex Zhang: Definitely
Gold Rocket | Satoshi Club: Your background is amazing!
Mary | Satoshi Club: Did you recognize the potential of crypto from the beginning? Or first you had doubts?
Philex Zhang: Haha good question. Since we focus more on the technical side so we didn’t really think about it as a financial instrument at the beginning to be honest. But I did bought some Bitcoin back then
Gold Rocket | Satoshi Club: I hope you didn’t spend it on pizza?
Philex Zhang: With Apron Network we want to bring Web3.0 forward to its fruitation
Mary | Satoshi Club: Got it, your intuition works perfectly
Philex Zhang: Loooll I didn’t
I’m not a pizza guy
Gold Rocket | Satoshi Club: Your intuition did not deceive you!
Philex Zhang: Haha should we start talking about Apron Network then I’ll buy you guys pizza
Mary | Satoshi Club: But you intuition leaded you to Apron Network
Philex Zhang: Exactly
I didn’t realized the potential of Bitcoin but I do realize the potential of Polkadot and Web3.0 in general
Mary | Satoshi Club: Tell us about Apron Network as much as possible
Philex Zhang: I have no doubt that that’s how the future will look like
“The Apron Network is a decentralized platform created by Apron Labs to provide infrastructure services for dApp developers, dApp users, and operators in the blockchain world. In the initial stage we will provide node service, on-chain data indexing service, random numbers, price feed service and etc for Polkadot ecosystem, also we will provide Ethereum, BSC, Heco and much more public chain in the forthcoming future.”
Heres a quote from our website
And it might be a bit too technical for ordinary retail investors to grasp
So please allow me to explain it a bit in more layman terms
Mary | Satoshi Club: Sure
Gold Rocket | Satoshi Club: What tasks and goals do you set for yourself?
Philex Zhang: We want to try our best to explain what we are actually doing to our potential investors before they make their decisions
Gold Rocket | Satoshi Club: It is commendable!
Philex Zhang: We want to become THE infrastructure service aggregator of the Web3.0 era
This is our long term goal
People might be a bit confused about this whole infrastructure thing
Gold Rocket | Satoshi Club: This is a really cool goal! The Web3.0 era is coming!
Mary | Satoshi Club: We are your potential investors! I will listen to you with pleasure
Philex Zhang: Because from our day to day life ordinary web users don’t really see these infrastructure just like the sewing system of our city
But the city simply can’t function without them
The first and foremost infrastructure we will be providing is “decentralized node services” to DApp developers
The decentralization is what differs Apron Network from the existing node service providers
Let me explain in detail why that’s important
Gold Rocket | Satoshi Club: Feel free
Mary | Satoshi Club: Yes
Philex Zhang: As you might know, all the DApp developers currently have to rely on centralized node service providers such as Infura(I think Infura is already quite well know among even the new comers in crypto field) because the nodes are essentially what connect DApps with the underlying blockchain, and all the volume happens there.
DApp developers NEED node service.
Mary | Satoshi Club: Yes, we are familiar with this name
Philex Zhang: and the centralized ones are currently their own choice
But theres a problem with centralization. A huge one.
Gold Rocket | Satoshi Club: Indeed
Philex Zhang: Do you guys remember around the end of last year there was this huge incident where Binance, Metamask, Coinbase all went down at the same time for around 2 hours?
Mary | Satoshi Club: Yes, and it was from Infura side
Gold Rocket | Satoshi Club: yes it was a disaster
Philex Zhang: Right? I remember seeing a lot of people panicking and so on and I totally understood their fear
This happened because Infura forgot to update their Ethereum node on time
A small mistake in a centralized service provider can potentially cause a catastrophe
Of course the problem was quickly solved after 2 hours
Mary | Satoshi Club: Yes, so small mistake and so many problems
Philex Zhang: Still it sounded an alarm
Gold Rocket | Satoshi Club: Quite right! Have you come up with a solution?
Philex Zhang: We need node services that won’t just go down when some one in the system made a mistake
Yes we believe we do!
Mary | Satoshi Club: This will be perfect
How your service will work?
Philex Zhang: With Apron Network essentially we aggregate everyone who has the ability to set up their own nodes and the developers will be able to choose whoever they want to work with. They can even choose to use several different node service providers at the same time, so that when let’s say one of the nodes goes down, their platform will simply just continue working on other nodes without any problem
Mary | Satoshi Club: That’s great solution! Will you have different types of the nodes?
Philex Zhang: For node service providers on the other hand, we provide them with a full SDK(software development kit) so that they can easily set up their node and connect withApron Network then become a node service provider
Gold Rocket | Satoshi Club: it looks very tempting!
Philex Zhang: That solely depends on the node providers they can choose to set up their own server and connect it with Apron Network or they can use Amazon Cloud for example but our customer will choose what kind of node they want based on their need
Gold Rocket | Satoshi Club: on what terms do you provide SDK?
Philex Zhang: Or they can just pick up different kinds at the same time
Mary | Satoshi Club: Gotcha
Philex Zhang: To all those who want to connect their service to Apron Network!
Later on we will launch our Apron Market as well. It will be like Amazon for infrastructure service. People can go shop what kind of service they need
And anyone who want to list their service on Apron Market can use our SDK
Mary | Satoshi Club: Really cool solutions! Thanks for this explanation!
Gold Rocket | Satoshi Club: Thanks for the great intro! Do you want to add something? Or maybe we can proceed to questions from community?
Philex Zhang: Oh year just a little ad here
we just launched a functioning version of Apron Network on Heco ecosystem (the Huobi ecosystem) and if you are a DApp developer looking to develop on Heco you can now use our node service free of charge
It’s like a demo version of our mainnet we want to test all the functions and such to make sure when we launch on Ethereum and Polkadot It’s ready to used
Mary | Satoshi Club: It’s a great call for all developers!
Philex Zhang: https://dashboard.apron.network
To apply you can go to our dashboard
Gold Rocket | Satoshi Club: great opportunity
Philex Zhang: Ok that’s it!
Gold Rocket | Satoshi Club:
Q1 from Telegram user @Karoceh
I read in the medium that Apron is providing free services for developers in the Heco ecosystem. Why do you prefer to provide free service while you can generate profit from this service? Is this free service temporary or permanent?
Philex Zhang: Ohh good question
It’s gonna be temporary and we will manage the nodes ourselves at this stage
Gold Rocket | Satoshi Club:
Question in the topic of conversation
Philex Zhang: As I said this is only a demo version or testnet we want to attract our potential customers get a little taste of what Apron Network would be like so they can get comfortable with the idea of decentralized service provider
Philex Zhang: We also just started our big bounty program on Heco
Mary | Satoshi Club: Did you already get any feedback from first demo version users?
Philex Zhang: If you are a developer and want to try Apron Network out while also win some tokens at the same time this gonna be your chance!
We are still in the application stage we want to select those who might help us improve and give us genuine feedbacks
Not like you know those crazy APY coins
Mary | Satoshi Club: Ahaha, you read my thoughts
Philex Zhang:Yeah! Personally I don’t like them that much but I guess this is just the necessary step of development
We are at the wild jungle stage still so
Mary | Satoshi Club: And sometimes it’s great! Because we can start really awesome things and develop them from the beginning
Thank you for your answers, Philex! Ready to proceed?
Philex Zhang: Exactly! The wild jungle is where all the weird flowers and animals can flourish
Q2 from Telegram user @MihaiPisica
Apron aims to be the decentralized version of ”Infura” of the Polkadot ecology. And as we know, Polkadot has been one of the fastest rising decentralized networks in recent times, with the remarkably sheer number of dApps springing up across the Polkadot ecosystem. With such a great mandate to enable inter-blockchain communication, there is a need for utilities that streamline access to Polkadot data and services. In this case, what is the significance of Apron to Polkadot Ecosystem? What makes Apron Network be perfect for any Polkadot application? In which way does Apron Network see the opportunity to change how parachains connect with the Polkadot network? Can you describe the Apron Network’s easy-to-use “module” for Polkadot ecological developers?
Mary | Satoshi Club: Long read
Philex Zhang: Totally. The significance is that everyone needs to build on infrastructure. No matter you are opening a Restaurant or a club or a I don’t know baseball field, you will need the sewing system in work. Apron Network is built based on substrate framework, so we are born with Polkadot blood in a sense. We carried the interoperability which means we won’t just stay on Polkadot ecosystem. Our service platform will be cross chain.
Gold Rocket | Satoshi Club: reasonably and thoughtfully enough
Philex Zhang: Projects on Polkadot or on other blockchain will need services like oracle, on chain data indexing, random number generation etc, and with apron network they can have them in the simplest way.
Mary | Satoshi Club: I know that there are other projects that provide let’s say ‘similar’ services, do you consider them as competitors or possible partners?
Philex Zhang: Haha I like to say that “Apron Network has no competitors.” I don’t mean this in a egomaniac way. What I’m trying to say is that Apron Network is just a platform and if you are a service provider then you can easily connect your service onto Apron Network even if you are already connected with 100 other platforms. And the customers will just choose the services that serve them the best.
That being said if you are a service provider on Apron Network you will be competing with other service providers such as API3 or Chainlink
But generally speaking I believe the spirit of Web3.0 is partnership over competition
Mary | Satoshi Club: Blue Ocean strategy
Philex Zhang: We will reach out to those similar platforms(I don’t know any at the time) and partner with them because there’s simply no reason to compete over customers at this point
Gold Rocket | Satoshi Club: Gold words
Philex Zhang: This is still an undiscovered field
Let’s move on!
Mary | Satoshi Club: Btw, do you think that web 3.0 popularity is the next thing after DeFi and NFT hype?
Gold Rocket | Satoshi Club: And you are the pioneers! You can set trends
Philex Zhang: Haha web3.0 will never be a hype in my eyes but yes I’m sure there gonna be a frantic phase at some point
Q3 from Telegram user @meml97
I read on your whitepaper that Apron Network aim is to provide services such as on-chain data indexes, node services and more for Polkadot, HECO and Kusama ecosystems, but what about other ecosystems like Ethereum, Cosmos, BSC, will your services be available for this as well? Also, I read that nodes will receive a service fee paid, will this fee change depending on the ecosystem?
Mary | Satoshi Club: I know that it sounds a bit rough, but we are in jungles
Philex Zhang: Definitely we will be cross chain and even project originally built on let’s say Ethereum will be able to provide their service to cosmos customers on Apron Network
The fee will be set by service provider and it will be a total free market
Mary | Satoshi Club: It’s like news from the future
Philex Zhang: Haha yes we are trying the hardest to bring the future to the front of our eyes
It feels so damn close sometimes
Mary | Satoshi Club: Thanks! For me everything is clear! Do you want to add something or we can go to the next question?
Philex Zhang: Yes let’s move on!
Q4 from Telegram user @meml97
On your tokenomics section in your whitepaper you said that the service call will charge a certain gas fee and certain service usage fee, all of this of course will be done with APN, that is your native token, so, could you tell us more about this token? Besides what I mention before, what other utility cases will it have? And since you are a system that will work with a lot of blockchains, what kind of token will it APN be? Will users be able to use it in all those blockchains you offer services for?
Philex Zhang: Definitely i like to explain our tokenomics with investors haha
Normally they love it
Mary | Satoshi Club: Yes, we are watching and writing down
Philex Zhang: The maximum issuance of APN is 1 billion tokens, no pre-mining
Institutional private sale constitutes 15% of the total amount and 25–30% will be unlocked after listing, while the remaining token will be unlocked within the following year.
The team has 5% of the tokens and 15% will be unlocked every 6 months after listing
Advisor 3% having 25% unlocked after listing, while the remaining token will be unlocked within the following year.
Ecosystem construction 17%: these tokens are mainly used for LPO (slot auction), market activities, airdrops, etc., and they are managed by the foundation
Philex Zhang: This is the basic tokenomics
APN has several utilities
Ohh APN is our native token btw
1. APN token will be used for actual payment from the customer to the service provider just like @meml97 described
That’s the most fundamental use case for APN
Mary | Satoshi Club: Could you tell us how LPO will work?
Philex Zhang: 2. Apron Network charge a service fee when a service is called, and these tokens will then be destroyed or locked, which makes APN a deflationary token
Investors love deflationary tokens
Yes! So we are planning to participate in the Kusama auction for parachain. And by then we will be needing a huge amount of KSM(Kusama native token) to be locked. We need the support from our community to basically lock their KSM for us and in return we give them back a really good amount of APN token as rewards
Mary | Satoshi Club: When it will take place?
Gold Rocket | Satoshi Club: How can we join?
Philex Zhang: We are not sure about the exact date yet but we are already preparing for it
We will post a detailed step-by-step manual soon
Mary | Satoshi Club: Great, we will be waiting
Philex Zhang: And back to the token use case!
Mary | Satoshi Club: Sure
Gold Rocket | Satoshi Club: don’t forget to share with Satoshi Clubbers
Philex Zhang: 3. To retail investors the most obvious use case for APN will be staking to earn passive income
We will have several different kind of staking pools for different Risk preference
High risk high rewards low risk low rewards, and they serve different function in the network as well
It’s a bit complicated so I’ll just leave this general idea here if you want to learn more feel free to check out our medium page
They are not staking pool just for the sake of staking so to say
Gold Rocket | Satoshi Club: By the way, you can share a link to the medium
Philex Zhang: Apron-network.medium.com
Mary | Satoshi Club: Nice use cases
and good choices for your investors!
Philex Zhang: Here’s our medium it has a lot of informative articles there
Gold Rocket | Satoshi Club: Thanks for sharing
Philex Zhang: Go and find out all about apron network!
Mary | Satoshi Club: Yes, i already come through, my evening will be busy today
i will dive deeper
Philex Zhang: The rabbit hole is here!
Mary | Satoshi Club:Yes
Ready to jump to the next question or you want to add something?
Philex Zhang: Yes!
Let’s move on
Q5 from Telegram user @Indomiekuy
i see that Apron Network already finished doing their PreSale. Can you share about how much your target for seed round and did the target sale success ? and also who are your investor for seed round can you share a little about that ?
Philex Zhang: Here’s the link to our tokenomics article
Mary | Satoshi Club:
Philex Zhang: Yes we actually have another article about our early investors
I don’t want to brag but these are big names loooll
Gold Rocket | Satoshi Club: no need to be ashamed to be awesome
Philex Zhang:These top investors are really keen on web3.0 infrastructure projects
And it’s safe to say we are holding their attention for quite some time
Mary | Satoshi Club: Yes, you did awesome marketing and development job!
Philex Zhang:We are doing our best
What’s the next question?
Q6 from Telegram user @alberto_vzla
I have seen that Apron Network places a lot of importance on the orientation of users to generate a good connection with Apron MARKET. How are the Apron MARKET services classified and what options do they offer to establish good dApps developers?
Philex Zhang: Generally speaking there are node service, random number generation service, oracle service(Chainlink), and on-chain data indexing service(the Graph)
Mary | Satoshi Club:What does random number generation service means?
Philex Zhang: And DApps developers will save a lot of effort on building their own infrastructures, they can come to Apron Network like going to IKEA
One stop then all infrastructure are there
Mary | Satoshi Club: I am not so tech, but it’s really interesting to understand.
Philex Zhang: Like for example if you make a NFT blindbox NBA topshop for example
The result has to be totally random so that it won’t be maliciously manipulated
Mary | Satoshi Club: You know
Philex Zhang: Looolll it’s everywhere
Mary | Satoshi Club: Never thought i will be interested in NBA
Philex Zhang: Exactly haha
Gold Rocket | Satoshi Club: Thank you very much for your answers! It was second to none! You have a talent for explaining complex things in simple language! @Philex_Zhang
Philex Zhang: Haha I’m trying my best
Gold Rocket | Satoshi Club: Do you want to add something before the most emotional part of our AMA?
Philex Zhang: No let’s move on! It’s exciting
Mary | Satoshi Club: Let’s go
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Ebelto
What requirements do I have to meet as a developer to be able to create my Dapp on Apron? Or should I just register and I can start developing my Dapp, is it really that easy?
Philex Zhang: For our mainnet we don’t set criteria for developers Apron Network is a platform where everyone can come to use the service here and build their DApp this is gonna be the future. Freedom for everyone
Q2 from Telegram user @Korryl
Im just curious could u explain to me why do blockchain really need Decentralized Infrastructure Service Network that Apron Project have like now? What problem in blockchain ecosystem do you want to solve?
Philex Zhang :Just like I explained earlier centralized service providers are super fragile when face black swan events and what can happen will happen right?
Q3 from Telegram user @Gutike95
You mention that with Apron you can access Polkadot, Eth, Eos and Filecoin to create the Dapps, but have you really not thought about incorporating it into BSC? or really BSC doesn’t need it?
Philex Zhang :We are working on moving onto BSC as we speak we plan to launch there in Q2
Q4 from Telegram user @highpee
You just launched a functioning version of Apron on HECO ecosystem. How is this functioning version different from the main version and what function are unavailable for this version? Will consider launching on other chain like BSC sometimes in future? @Philex_Zhang
Philex Zhang :Right now it’s limited to node services and we will provide the service ourselves so it’s not yet decentralized
Q5 from Telegram user @Smartling
What requirements do I need to fulfill to become an Inspector? What do I stand to benefit from being an inspector and what are the risks involved in being an inspector?
Philex Zhang :As long as you are a token holder you can become an inspector and earn passive income by staking your token in the inspector pool
Q6 from Telegram user @Boylut
Is there a fixed date for your TGE and how does the token release schedule looks like? @Philex_Zhang
Philex Zhang :We are planning to launch our token around late March and we are in talk with tier 1 exchanges right now. We will list on them upon token launch
Q7 from Telegram user @Abisola1
What function does Apron SDK play in Apron Network?
Philex Zhang :It’s crucial because it helps service provider to incorporate into Apron Network basically in a one-click fashion
Q8 from Telegram user @Abisola1
Do you have any notable partners in the industry?
Philex Zhang : We just announced our partnership with Phala, Kylin and Trustbase they are helping a great deal for us to improve our user experience
Q9 from Telegram user @Abisola1
Who are Apron Network target customers? Can a novice make use of Apron Network or is there a guide on how to go about it?
Philex Zhang :There will be a detailed guild on how to use Apron Network but I would say our target customers are DApp developers who have the basic knowledge of what they are doing and what they need
Q10 from Telegram user @lahkoklu
the thing that is feared by users and investors is hacking, so what about the extreme level of security and infrastructure in the Apron Network to protect it?
Philex Zhang :apron network will do encryption on all the service provided and used by our customers, which means that for example when someone tries to attack a project by hacking into their nodes, they simply wouldn’t be able to know where to shoot
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/