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Satoshi Club

BetU x Satoshi Club AMA Recap from 16th of August

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 BetU and our guest was @paulrogash. The AMA took place on 16 August.

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

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

Hello again, dear Satoshi Club community!

Today our guest is @paulrogash

Hi Guys. Great to be here.

Hello and welcome to Satoshi Club @paulrogash

Dear Satoshiclubbers

we want to adk you to watch this video before we will start intro part

Welcome here, Paul! Happy to see you in Satoshi Club

The quiz is based off the video, so lets wait 5 minutes to begin so everyone can watch it.

Sure, it’s important

tell us about yourself … how did you get into crypto … How did you involved in BetU?

Great video

I come from a web and marketing background having founded several businesses including Lawyers SEO, Escalated Advertising and MachineSales.com .

I’ve been in crypto about 5 years.

Over the last 12 months, I worked as head of marketing for 2 crypto projects, and took them 30x & 25x.

In May we founded BetU.

30х and 25x are fantastic results

I started BetU becuase there is an enormous opportunity in the sport and esport betting industry, and no one in the crypto space has capitalized on it yet.

Wow amazing background

How far you plan to take BetU?

I see BetU becoming a leading player in the sports betting industry competing with the likes of FanDuel, DraftKings, Bet365, William Hill etc.

Indeed…

Everything is possible

This is a great result.

Could you tell us more about BetU team?

How long does it take to develop a project? What plans do you have for the future? And what can we expect from BetU?

Yes, we currently have a 21 with a lot of experience in building large scale web projects.

Our Version 1 of the platform will be released in October. First bets will be enabled on the Machester United v Liverpool game on October 24.

Oh! I am impressed!

Iove your slogan

Our first release will enable betting on Football/Soccer, UFC and Counter Strike.

I will support Manchester

We will then open up to most major leagues.

NBA, HFL, NFL, Formal 1, Cricket, Tennis: ATP Tour Etc

Awesome

i should try my luck in betting

You have huge plans!

In 2022, we will also be releasing a complete interactive casino, both for people to enjoy and also for betting.

A Decentraland type of experience within the BetU platform.

Yes, decentralisation is one of the main things why we love crypto

Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

Yes.

Partially answered about the team

People can register for the public sale at ico.betu.io

If anyone has friends involved in crypto, sports betting, or esports, please register on the platform and generate a referral code.

Don’t miss out on the cool features of Satoshi Clubbers!

Do we have to pass KYC or simply register?

You can earn 2.5% on what the referred party buy.

Which currencies we will be able to buy with?

To purchase BETU in the public sale you have to pass KYC.

Cool

To refer people, you do not have to pass KYC.

The BETU token sale accepts, BTC, ETH, USDT & BNB>

25% of the supply is available for the public sale.

excellent quantity

Nice, everyone can choose what he wants

You get rewarded for anyone that you refer who buys BETU tokens.

So, sale will be on your platform, right? If yes, can you tell us how safe is it?

Correct. Extremely safe, our platfrom is audited by Hacken.

Fantastic

Thanks for detailed answers. it greatly increases user confidence

Tokens will be distributed at the end of the public sale and listed straight onto exchange.

BetU will be the only platform world wide that will offer both peer to peer betting and traditional bookmaker services side by side, this will result in better odds and bigger winnings.

Also unlike traditional bookmakers, we distribute 25% of margins back to token holders in the way of token burning.

We are also the only sports and esports betting platfrom to have it’s own sole currency.

Nice model!

yes, you are quite unique in this space.

In addition, we are gamifying a lot of the betting platform, to signficantly enhance user experience over traditional platforms.

I think i heard about some betting crypto platforms

Yes for sure, but they all utilize the major currencies for deposits, or betting.

With BetU the entire ecosystem is based on BETU tokens.

How it will look? You mean you will also have your own games?

Here is a sample of the betting platform for the English Premier League.

For our own interactive Casino we are also having custom games built, based around sports, esports and crypto.

The referees are not required for the initial version of the platform as we have partnered with BetRadar to provide all results feeds from all major sports leagues.

When we open up the platform for any type of bet on any type of event, we will introduce the referee system. Referees will be rewarded for providing correct outcomes of events.

Multiple factors, rewards will depend on BETU held, the amount of the bets and their contribution.

Yes. BETU tokens power the entire ecosystem.

All Bets, winnings, bettering rewards, burning, staking, whale holder benefits and staking is with the BETU token.

This is how we can generate enormous demand for the token.

The more people bet, the more demand on the token.

and

The more people bet, them more BETU will be burnt

And you can connect non cryptospace and crypto with partnerships

People will be able to deposit crypto BTC, ETH, USDT etc and that will be able to be swapped to BETU within the platform.

Same with Fiat, you will be able to onboard with with Debit/Credit card and then purchase BETU tokens to start betting.

No we are not considering using any other currency to bet other than BETU tokens.

Yes the price will fluctuate and that adds to the betting experience.

I think this is fair and justified.

USDT will be able to be converted to BETU from within the dashboard, but not for betting.

thank you very much for clarifying this point

As i know work with fiat often requires KYC verification

All bettors must pass KYC.

There are two aspects: The purpose of burning the tokens is to have a constant deflationary supply.

Which benefits all BETU holders.

For peer to peer bets their is a 1% winning fee, and of that 25% is burnt.

For traditional bookmaker bets their is a built in margin to the odds and 25% of any profit is burnt.

So it is always giving back to BETU holders and reducing supply.

Whale holders will help drive the price up, so it is important to incentivize them.

Like most businesses you reward your best customers.

As i know whales like to play, there are bears and bulls

how much you bet that you will onboard bull whales?

Regardless of bear or bull, people will always bet.

Gambling is one of the oldest industries in the world and it is only growing every year

Ahaha, that’s true

Over 1.6 billion people bet each year.

25% of the population.

Wowwww!

yes it’s incredible

Whale holders will need to hold 1million BETU.

The whale holder is just a benefit, they still need to place the correct bets.

Governance is based off voting from all holders, not just whale holders.

Whales like all projects will be able to sell. Just like Satoshi could sell any day and crash Bitcoin.

We are introducing a staking program of 7.5% of the supply in the first year to incentivize people to hold.

As we build our userbase and betting demand, I don’t see any whale holders impacting the sustainable growth. It’s all about customer acquisition.

The more customers we can acquire who bet, the greater the demand on BETU.

Everyone can stake? How much can we earn? Will profit be different for whales and ordinary holders?

This also why we are building the interactive Casino, so even people who don’t bet on sport or esport, can utilize the BETU token.

The APR will be the same for everyone.

Great!

We will have various staking programs with different exchanges in the first year, which will have various APR. Everyone will be on an equal playing field.

Ok. Before we get on to the next section.

We are going to do something different.

We will be waiting for updates from you

We have regular giveaways on our social media based on sport and esport.

Part 2 — live questions from the Telegram community

The more bets the better, the more bets the bigger the demand on BETU tokens.

All users must be over 18 years old and all bettors must pass KYC.

BetU has feeds to BetRadar — https://www.betradar.com/

Payout of bets won’t be made until results are confirmed by the event holder. Eg: the NBA or EPL.

Yes you can earn 2.5% on what the referred person buys.

There is no cap and it is payable on all purchases.

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/

Chinese Telegram group: https://t.me/satoshi_club_cn/

Indonesian Telegram group: https://t.me/satoshi_club_indonesia/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Telegram: https://t.me/betucommunity

Twitter: https://twitter.com/betuglobal

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