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Aurora x Satoshi Club AMA Recap from the 9th of June

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 Aurora and our guest was . The AMA took place on the 9th of June.

The AMA session was divided into 3 parts with a total crypto reward pool of $500

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

Part 1 — introduction and questions from the Telegram&WebSite

Hello Satoshi Club! We are happy to announce our AMA session with Aurora! Welcome to Satoshi Club

@MarciaSGarcia welcome here

Welcome everyone and let’s meet our guest from Aurora!

A little of patience waiting for our guest to join us

Hello everyone!! Our CEO George Narita will be answering the questions. Thank you all for having us here

@georgenarita welcome to Satoshi Club

We are happy to see you guys here today

Glad to see you both here!

Hello to everyone I’m very excited and looking forward this AMA … lets go for it !!!

Let’s go

We will start with introduction

Could you please introduce yourselves and tell us how did you get into the crypto?

My name is George Narita. I’m an enthusiast since the early stages. I’m graduated at mechanical engineer and an executive with more than 20 years of experience in Project Management and Business Process Management. I have also implemented various types of ERP in big industries working in different countries. About 4 Years ago, I got into a crypto project to develop microchips dedicated to crypto mining.

Wow! Impressive experience!

Wow, very interesting background!

So, what is Aurora? Why we need it now in crypto space?

Regarding Aurora 42, I consider it a new universe, a new dimension that opens the way to a new era. A place created to offer new opportunities and experiences to transform the reality of its inhabitants.

It’s a place where you can find the answers to all the questions that we ask ourselves while living in a dynamic world that is constantly changing.

Also here, you will find all the tools to explore new horizons and take advantage of the emerging opportunities in this era of decentralized economy and WEB3.

I firmly believe we need it in the crypto space because our differential is that we aim to stimulate native entrepreneurship on the web3 using the playful language of the metaverse.

Our economic model will provide tools for all communities to develop their economy and achieve sovereignty in this new era.

Nice words that create hope in better future

Awesome plans! Web3 is main direction now and as i see we need it to be comfortable for everyone

Definitely!

What about your team? How many people are working on Aurora?

This is exactly what we are aiming from

approximately 30 people

What can you add about their experience?

We have a multidisciplinary team with engineers , developers artist and also bank people

A mix of everything! That makes sense when you create an ecosystem of multiple features

Exactly that is the main idea

I think we are good with the introduction here. Thank you! We can now proceed to the community questions selected for you

Are you ready?

No less important is the passion that everyone in common nourishes for the theme

Sure lets move on !!!!

Q1 from Telegram user @MudaraSilva

According to your Medium, Aurora42 was an inspiration of the book “Hitchhiker’s Guide to the Galaxy”. This book is a is a comedy science fiction franchise created by Douglas Adams. Can you briefly explain the connection between the fiction and Aurora42? Why did you choose a comedy science fiction to create your platform? When designing Aurora42, did you exactly copied the concepts in the book? I am asking this question because I am a fan of science fictions and films. On Aurora42 platform, I get the same experience I received when reading the book? If you have done any changes, please briefly explain about alterations.

Of course, the inspiration comes from the book ‘Hitchhiker’s Guide to the Galaxy,” which explores the infinite possibilities of the universe; we just took the analogy from the book. The connection and the reason we chose this number is due to the number 42 being the answer to life, the universe, and everything else.

We chose a science fiction book because Aurora 42 is a metaverse where you can find answers to question s you ask yourself in an ever-evolving, dynamic world. As people move faster, businesses and things change; hence, it’s vital to have a space where people can come to prepare for this new world, and that’s what Aurora 42 metaverse is all about.

Hopefully, you will have a much more excellent experience comparing the book with the metaverse!!!

By the way, we didn’t copy any elements of the book, but a thematic game is expected to be released next year. It will be amusing and exciting.

Do you have roadmap to see all your plans for the future?

We are still building this roadmap and it will be published until this weekend on our landing page

Awesome! We will wait, sure, we will find a lot of interesting info there!

Thank you for your answers! Ready to proceed?

For sure … lets keep eyes on it !!

Q2 from Telegram user @Highpee

Aurora 42 is described as a complete ecosystem that is designed with a focus on stimulation of personal growth and promotion of entrepreneurship in the Web 3.0 era. To achieve this, you have set up an Entrepreneurship Stimulating Fund that will be accessible to businesses to use. How is this fund expected to stimulate business generation within your platform and how can it be accessed to create real business opportunities for talented users who lack the financial capacity to bring their business ideas into reality? What type of project or individuals can access this fund and what are the selection procedures that are used to ensure that this fund are given to qualified individuals? Is this a loan or a grant and does not have to be repaid?

We will open events on the platform for entrepreneurs to present their projects to the investor that belongs to the community. These events will have several formats and will work as a kind of “hackathon” in some cases, we will have specific themes, and in others, the themes will be free.

Our goal is to support projects in different sectors; anyone can apply, just have good ideas and be prepared!

Both investors and Aurora Foundation will have a stake in the selected projects.

So, what benefits can have individuals from your platform? How, for example, our community can participate in Aurora development?

The benefits will range from access to information to crypto-economy related topics

to incentives to develop an entrepreneurial mindset.

By following the events, the community will know how to collaborate in each journey step.

Will these projects be financed out of community funds or Aurora plans to add any investment funds to its portfolio?

This question is still open but probably we will be using both options.

Thank you for your answers! Ready to go to the next question?

Sure

Q3 from Telegram user @Cheriemike

Concerning your token $A42 I read that you will be having your whitelisting soon,So when will the ICO event for $A42 token happened?Can you tell us about your tokenomics,the amount of $A42 token and how it’s distributed?And I also read that you have chosen Polygon Network for $A42,so can you tell us why you chose Polygon and will you in the future connect to other blockchains?Please explain Thanks

Our token will be ready to be launched by the end of July and the beginning of August.

It will be supplied with 100 billion A42 tokens; the distribution is not entirely decided, but in general terms, it will be something like advisors 7 %, foundations 18 %, company reserve 22 %, community 5 %, founders and team 18 %, Seed round 4 %, Strategic Sales 5 %, Public Sale 20 %, Exchange liquidity 1 %.

We chose Polygon because of its flexibility, performance validation, and low costs gas fees. We could see the recent “Bored Apes” problem that brought down the Ethereum network and raised the gas fee upwards.

Of course, we will connect to other blockchains. We are working with Polygon to make this interoperability possible.

Did you already close your seed round?

Not yet we are working on it

Will you have vesting for your public/seed rounds?

We will definitively!

So guys, just follow Aurora official channels to be aware of any news and updates

LFGrow !!

Aren’t you afraid to launch in this economy? As i heard this bull market almost all VCs were ‘scammed’ by vesting, because all unlocks are now, in bear market, so they can be afraid to invest now

This is the reason we are waiting for the best moment to launch !! And we believe in the potential of our project and have a mature vision regarding our economic model.

Wise decision!

Thank you for your answers! Ready to jump to the next question?

LFG

Q4 from Telegram user @MendietaCrypto

Unfortunately, I was not able to locate your website, so cannot get any information regarding your business model. How is the main token built into the whole system? How is it being generated and distributed to users? Please also talk about rewarding system and tokenomics (launch, distribution, burning mechanism). Thanks!

It has already been touched partially

So please feel free to add smth

Our website has recently gone live, but it is still a landing page and its under construction. But feel free to reach at:

www.aurora42.io

Our whitepaper will be ready by the end of this week, where you can get all this information !!

As you know, our metaverse aims to promote entrepreneurship, and we will have events that will provide the financial resources to enable these projects and stimulate communities.

We are developing a system of balancing the economy that uses some concepts of the circular flow of income.

I wish we will see your updated website soon

Nice graphics by the way!

Thanks to all the team

You really did a great job! Thank you

Thanks … I’m glad to hear that !

George, thank you for your answers! Ready for the next question?

Sure !!

Q5 from Telegram user @JesusFre1tes

How does Aurora 42 empower the community by positioning itself as an “incubator” for companies and startups? How will this incubator discover talent, promote diverse activities on the platform and offer tools to stimulate the formation and growth of the economic ecosystem within the community? In addition to providing these tools and a space for entrepreneurs, the Aurora 42 metaverse will have land for sale so that users can develop their projects in these spaces?

Entrepreneurs will have the possibility to obtain income through the projects they develop in Metaverse Aurora42. There will be several ways to become an entrepreneur and invest in projects and receive income, for example:

The Aurora 42 metaverse comprises various districts, each supporting a different sector (art, finance, etc.), thus creating communities focused and specializing in their field. The districts all mimic what you’d expect from major cities in the world, including a financial district, art district, entertainment district, and many more. In addition, these districts act as a base for new founders who need guidance and information to help navigate the tricky business of funding and development. So whether you are a graphic novel artist, a lawyer, or an architect, your community exists within the Aurora 42 metaverse.

Aurora 42 metaverse will comprise land which will be put up for sale so users may develop their projects in these areas. There will be 144K plots available for sale to the public, with each lot divided into six groups of land called ‘Petals,’ and each petal is named after a constellation.

If i will have startup when and how i will apply to be a part of your incubation program?

Entrepreneurship seasons will be announced, and there will be all the instructions on how it will work.

I am sure a lot of them are waiting for this announcement!

Already looking forward to know the details

Thank you your answers! Ready for the 6th and last question from this part?

I’m also anxious about that as well. Lots of disruptive businesses will grow

Let go

Q6 from Telegram user @ghostofcharmeleon

Hello, Aurora team.

In the basis of your metaverse, you are putting a DAO that will solve the issues of supporting independent enterprises. Anyone who has been interested in cryptocurrency for a long time knows that in order to be a participant and a member of the DAO, you need to have either project tokens or another attribute that allows you to vote, for example, NFT. In this regard, I have a question. How do you plan to implement membership in the DAO?

To be eligible to vote in the DAO, one must have assets in Aurora42, whether token or land.

To build an incubator you should have a strong community. Please talk about the initiatives directed to enlarge it?

It will be equal? I mean tokens votes and land votes? May be you have some published materials about your DAO structure?

Mainly by dissemination and partnerships

It will not be equal. For sure, there will be rules for each type of asset. As mentioned previously, we will be posting information regarding our DAO.

Gotcha! Thank you

Thank you for your answers during this 1st part!

We came close to the live part now

Oh, that will be hot!

George, are you ready for the storm of questions?

We open chat for 120 sec only

Once we close it back please choose 10 questions to answer

Hoping a good storm!!!

Please do not answer any questions during the storm

ok !!

The great one!

Part 2 — live questions from the Telegram community

Q1 from Telegram user

I realized that Aurora’s main proposal was to democratize access to Web3 investments. What is Aurora’s strategy to achieve this? Can low-funded non-crypto people integrate with Aurora, what do we need to be able to register with Aurora?

There are so many features being implemented it I would spend hours writing about them. But I will get a quick one ….. We will have competitions and events to promote entrepreneurship where users can present their ideas. With these selected ideas, they can receive investment from the aurora fund as well as other users can also make investments in these projects.
With the use of competitions and events aimed at entrepreneurship that will be promoted in the metaverse, these ideas will get visibility and thus draw the attention of the public and consequently of investors. Our significant differential will be to use the power of people’s networks in this environment. The creativity of each one is unlimited; what we will provide are the tools for it to be seen. Making an analogy with the outside world, it would be as if we made a hackathon inside the metaverse.
Yes, everyone can participate, just register on the site and we will send more information to the community.

Q2 from Telegram user

The NFTs of Aurora 42 will be listed on Open Sea or some other market place?

Yes, it will be listed on OpenSea and as well as on our marketplace.

Q3 from Telegram user

Could you tell me more about the “Aurora Treasury”? For what purposes will you use this fund and who will decide the use cases? Will the Aurora community have a say in how this fund will be used?

The Aurora treasury will take care of both maintaining the platform’s development and helping to foster entrepreneurial projects. Yes, the community will have a voice through the DAO

Q4 from Telegram user

As a small fund investor, will I have access to Aurora? Or will only elite investors have access?

Yes, everybody will have access, from small investors to big VC’s

Q5 from Telegram user

I noticed that you are helping to promote Entrepreneurship in the Aurora ecosystem, how do you plan to do that? What are your features that can help users start a business, how do you plan to realize financial support from the Aurora ecosystem? I realize your plan is to run a hackathon in the metaverse, how do you plan to do that? How will you help ideas find and support the right connections on the Aurora platform?

We will have events in the virtual world sponsored by great artists to discover new talents and support these careers to develop in the web3 environment.
The Metaverse is a great showcase that brings creators closer to their communities; it is a platform for new talents to be able to form their communities. It has the power to put the creators’ work in evidence by converting the public into a community.
Our role, in the end, is to create an environment for all of this to happen; we will be a platform for launching artists by offering tools for this to happen. Initially, this will be through digital art, but over time we will promote events and competitions for the fashion and music world. Great ideas for fashion and music are coming, and everybody is more than welcome to join in.

Q6 from Telegram user

I look for my safety first in every project due to the famous wave of SCAM that exists in the Cryptocurrency space. So, what security does Aurora42 offer me against this wave of SCAM that all cryptocurrency fanatics are experiencing? Who is behind the audit of your project? Any famous and well-known company in the crypto space? you can give us details since the community is interested in your platform. Thank you

We take security very seriously, especially when it comes to something so sensitive, so we partner with the leading security companies in the crypto world and auditing market. But it is always worth pointing out that all users must maintain good practices with their passwords and wallets. These same companies are responsible for auditing and protecting our smart contracts in blockchain security and auditing, especially regarding SCAMMERS. We are closing our deals with companies like Certik and Hacken.

Q7 from Telegram user

I read on Medium Article that Aurora 42 has come up with the concept of the “Native Brand,”

Could you explain us What is Native Brand? And what is the function of it?

These companies will already be born in the Web3 era, not an adaptation of businesses from other generations. Instead, WEB3 enables new business models that will give birth to these native companies.

Q8 from Telegram user

I read that Aurora supports talents like music, fashion. Could you elaborate on how this support will be? Will there be events that well-known artists will attend or support?

Will have events in the virtual world sponsored by great artists to discover new talents and support these careers to develop in the web3 environment.
Our role, in the end, is to create an environment for all of this to happen; we will be a platform for launching artists by offering tools for this to happen. Initially, this will be through digital art, but over time we will promote events and competitions for the fashion and music world. Great ideas for fashion and music are coming, and everybody is more than welcome to join in.

Q9 from Telegram user

Aurora will persist, owing to the fact that it is not reliant on a single game. The economy of this country is truly divided into several areas. Could you give a list of the many sectors that make up the morning economy? What are their distinguishing features?

There will be many areas such as education, entertainment, leisure, and culture.
We will use the metaverse as an interface to provide a better experience through products related to these areas.
And they will deliver a better value proposition to users of products and services than traditional models.

Q10 from Telegram user

I understand that you are still in the initial phase of your development of Aurora 42, but I ask you, have you already decided which Blockchain to use for the development of your assets? If it is, could you tell us which one it will be? And why did you choose that network?

We will use the polygon net. We chose it because of the network’s capacity and the more affordable costs of gas fess.

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.

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/

Telegram — @Aurora42official
Medium — @Aurora

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