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BTC Circuit Breaker x Satoshi CLUB AMA Session 28 Jan 2021

Hello, Satoshi clubbers and guests of this site. Today we will talk about the BTC Circuit Breaker project.
Their motto is “Giant pump incoming” and Circuit Breaker is a mechanism for panic sales prevention. It connects their tokens algorithmic trading to the general market sentiment reflected the best by a cryptocurrency with the most significant capitalization — BTC.
The AMA took place on January 28 and our guests were @circuitbreakeradmin — representative of BTC Circuit Breaker.

The total reward pool was 750$ and has been split into 3 parts.

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

Part 1 — introduction and questions from the Website

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Bitcoin Circuit Breaker! Welcome to Satoshi Club

D. | Satoshi Club:
Hello all!

D. | Satoshi Club:
Our guest today @circuitbreakeradmin ! Welcome to Satoshi club!

Circuit Breaker:
Hello!

Circuit Breaker:
Thank you for the invitation!

D. | Satoshi Club:
Hello! Welcome! how are you doing?

Mary | Satoshi Club:
Welcome to Satoshi Club

Circuit Breaker:
Great!

D. | Satoshi Club:
Nice! ready to start AMA?

Circuit Breaker:
I am glad to be here

Circuit Breaker:
Yes! Absolutely.

Mary | Satoshi Club:
Please, could you tell us more about yourself and of course about Bitcoin Circuit Breaker?

Circuit Breaker:
We are a team of crypto traders, who are for some time in crypto.

Circuit Breaker:
We always felt that the market needs some instruments to deal with FUD and panic sales.

Mary | Satoshi Club:
Wow! Crypto traders?

I think then you know what you’re doing

Circuit Breaker:]
Like last days.

Circuit Breaker:

Circuit Breaker:
We hope so

Mary | Satoshi Club:
Yes, we have such days

D. | Satoshi Club:
Did you start with trading? or maybe you began with mining and then switched to trading?

Circuit Breaker:
We started with trading

Mary | Satoshi Club:
Btw, I didn’t find any info about your team? Are you public?

Circuit Breaker:
Not public yet.

Circuit Breaker:
Thanks for the question, we’ve been waiting for it. It would be much easier and more pleasant to communicate with revealed faces. But there are various reasons why our team is not public mainly related to the location and different jurisdiction of its members. We have consulted with lawyers and therefore do not risk from the point of view of the laws of different countries related to cryptocurrencies, due to the security of the team. Our team did not conduct presales, did not collect money from the community, and we offer an honest token distribution model. Our team compensates for their anonymity with a professional approach to development, as well as the fact that their own funds were frozen. This fact definitely increases the level of trust in the project. At the moment, negotiations are underway with our legal advisers, and as far as possible, the team members will disclose their identities.

Mary | Satoshi Club:
Oh, now I understand

Mary | Satoshi Club:
How many team members do you have?

Circuit Breaker:
4 co-founders.

Mary | Satoshi Club:
Got it

Mary | Satoshi Club:
Ok, tell us please about the main concept of Bitcoin Circuit Breaker

D. | Satoshi Club:
Is it another bitcoin fork?

Circuit Breaker:
The main concept is taken from classic stock market exchanges and it is widely used on stock market exchanges to prevent panic sales. It just halts all trades. So, in the case of our token, we stop (halt) all transfers, when the market goes down (FUD periods). If BTC goes down, our token shouldn’t. That is how we prevent losses.

Circuit Breaker:
Not at all, we just use BTC as an oracle.

D. | Satoshi Club:
Gotcha

D. | Satoshi Club:
Interesting concept.

Mary | Satoshi Club:
Oh, I see such a concept for the first time

great idea

Circuit Breaker:
BTC is the top coin, which drives the whole market.

Mary | Satoshi Club:
Yes, Bitcoin is a king

Circuit Breaker:
Exactly

Mary | Satoshi Club:
Thank you for your introduction

can we start with community questions now? P.s. you can also share useful links first

Circuit Breaker:
Link to BTCCB Twitter — BTCCB Twitter (https://twitter.com/btccbtwit)

Circuit Breaker:
Link to BTCCB Community Channel — t.me/btccbchannel

Mary | Satoshi Club:
https://discord.gg/ny23YngA7s

Circuit Breaker:
btccircuitbreaker.finance

Circuit Breaker:
https://t.me/btccbchat

Circuit Breaker:
https://www.dextools.io/app/uniswap/pair-explorer/0xc43eaaf658ffee927a02262a53ea5e7f1473845a

Mary | Satoshi Club:
Giant pump incoming

nice moto)

D. | Satoshi Club:
Great! don’t wait Satoshiclubbers, let’s join!

Circuit Breaker:
Sure, you can start with community questions now, please.

D. | Satoshi Club:
Let’s do it!

Mary | Satoshi Club:
Let’s go

Q1 from Telegram Username @NALiYUWUNTi
Circuit Breaker is a mechanism for panic sales prevention, so how do you spread awareness to token holders about the upcoming market crash so nobody is going to sell? Does your system can also predict whether the market is only a normal correction or a long bearish trend?

Circuit Breaker:
Right now, we have a mechanism, which reacts to sharp sales of BTC, which are most often followed by a gradual decline, but in the future, yes, there are technical analysis figures, which can be corrected by big data analysis and also trading and external news, which can fine-tune the exact mechanism.

Mary | Satoshi Club:
Is your token like a cozy haven to override volatility?

D. | Satoshi Club:
does anyone in crypto also use this mechanism? some other projects?

Circuit Breaker:
Yes, we want it to be such have during panic sales and FUD periods.

Circuit Breaker:
No, we are absolutely the first.

Circuit Breaker:

D. | Satoshi Club:
Nice!

Circuit Breaker:

Mary | Satoshi Club:
I like havens

sea and sun)

Mary | Satoshi Club:
Thank you for your answers!

Mary | Satoshi Club:
Ready to go to the next question?

Circuit Breaker:

Circuit Breaker:
Yes

Q2 from Telegram Username @Brainchest
Please tell me, what is your algorithm based on and how accurate is the analysis? Do you use the external services Santiment, Glassnode, and their historical data of different indicators, maybe you have yourself historical research of cryptomarket? I ask this because I want to understand how successful or unprofitable my trust and investment in your project will be?

Circuit Breaker:
Right now, we have used our experience to design the conditions for the circuit breaker launch. However, as you can see in our roadmap, the algo trading is expected to manage periods, when token halts and trades, so our goal is to react efficiently to market movements for the benefits of ALL stakeholders, not just those, which are the biggest whales, or those, which are insiders.

Mary | Satoshi Club:
Can you share your roadmap with us?

Circuit Breaker:
Our main goal is to develop various oracles and algorithms built into the token.
Here is our whitepaper (roadmap included):
https://btccircuitbreaker.finance/BTCCB_Whitepaper.pdf

Mary | Satoshi Club:
Your roadmap is in Whitepaper, right?

Circuit Breaker:
Yes, that’s right.

https://esatoshi.club/wp-content/uploads/photo_2021-01-28_21-48-06-1024x646.jpg

Mary | Satoshi Club:
Got it! which period is set for these goals?

D. | Satoshi Club:
Lots of oracles

Circuit Breaker:
It depends on community support and product demand. Our calculation is 1 year in total.

Mary | Satoshi Club:
Community support?

Sure, you will get it

Mary | Satoshi Club:
Ready to proceed?

Circuit Breaker:
Sure!

Q3 from Telegram Username @Egory0k
Can you tell us more about Web3 wallet for Bitcoin Circuit Breaker? When it will be available? What makes it unique? Which features it will have?

D. | Satoshi Club:
Not many people know, what is Web3, can you tell a bit about this technology as well?

Circuit Breaker:
Our product is an advanced ERC-20 token, so everyone can interact with it using Ethereum Web3 wallets like MetaMask and exchanges like Uniswap

Circuit Breaker:
Web3 is a collection of libraries that allow you to interact with Ethereum Blockchain
Easier to think of it as a lego for developers

Mary | Satoshi Club:
Yes, it’s easy, but web3 is something new for us

Circuit Breaker:
Web3 is the standard that you face every day.
Roughly speaking, every blockchain interaction in Ethereum goes through Web3.

Mary | Satoshi Club:
Oh, so I interact every day

Circuit Breaker:
Simply Web3 is internet + blockchain.

Mary | Satoshi Club:
Oh, now it’s clear

Mary | Satoshi Club:
Thanks for the clarifications! Ready to go to the next question?

Circuit Breaker:
For sure.

D. | Satoshi Club:
Let’s go then!

Q4 from Telegram Username @borysfireball
BTCCB token is associated with hourly movements in the price of BTC. In your White paper, I found a statement that it will be the first token in the ecosystem. So, my question is — which cryptocurrencies will the rest of the tokens associated with? What terms did you establish for your ecosystem development?

Circuit Breaker:
First of all, we plan to use Ethereum as an oracle, but also we consider using some indexes as oracles. For example DeFi pulse index and different synthetic oracles. The terms for ecosystem development are an improvement of the algorithms for price forecasting — that is the main goal.

Mary | Satoshi Club:
So, you will also have a second token?

Circuit Breaker:
The ecosystem of tokens, a separate token for each oracle

Circuit Breaker:
BTCCB holders will get priorities in getting other tokens of the ecosystem.

D. | Satoshi Club:
So you will have a galaxy of the tokens

Mary | Satoshi Club:
Wow, I like such hints

Circuit Breaker:

Mary | Satoshi Club:
It’s really nice info

ready to go to the next question?

Circuit Breaker:
Go ahead

Q5 from Telegram Username @meml97
It caught my attention that only 13% of your tokenomcs is destined to your Ecosystem. Why did you design that amount to the development of your ecosystem when absolutely all the magic of BTC Circuit Breaker depends on it?

Circuit Breaker:
We consider increasing it according to governance decisions on the forum.

Mary | Satoshi Club:
Do you have a forum?

Circuit Breaker:
Governance forum comes next week.

D. | Satoshi Club:
So your holders have the possibility for proposals?

Mary | Satoshi Club:
Super! So, as I understand governance will also start with it or it will start later?

Circuit Breaker:
It will start with it.

Mary | Satoshi Club:
What can users change and what they won’t be able to vote for?

Circuit Breaker:
They can influence project development, adding new tokens and oracles, basically all aspects of the project through voting.

D. | Satoshi Club:

Mary | Satoshi Club:
That’s cool

thanks

Mary | Satoshi Club:
Ready for the 6th and last question from this part?

D. | Satoshi Club:
Ready for the last question from part1?

Circuit Breaker:
Yes

Mary | Satoshi Club:
I was first

Q6 from Telegram Username @AmirJosh
Do Circuit Breaker platform already have a partnership ongoing or having negotiations for cooperation from other projects?

Circuit Breaker:
Yes, we are negotiating partnerships with several big projects, which we can’t disclose now. We are an early stage.

Mary | Satoshi Club:
Ok, but we will wait for the news!

Mary | Satoshi Club:
And one last question

Mary | Satoshi Club:
What about the audit?

Circuit Breaker:
We have plans to conduct an audit, but this will be after the start of the circuit breaker mechanism and after the launch.

Mary | Satoshi Club:
Nice! We will be waiting for the news from Bitcoin Circuit Breaker

Mary | Satoshi Club:
Don’t forget to share with us

Circuit Breaker:

Sure

Part 2 — live questions from the Telegram community

Q1 from Telegram Username @A5loveZ3
Is Staking for BTCCB token available?

Circuit Breaker:
We will launch yield farming exactly as indicated in the whitepaper — in 8 epochs.

https://esatoshi.club/wp-content/uploads/photo_2021-01-28_22-02-58-978x1024.jpg

Q2 from Telegram Username @DiegoRME
Currently, BTCCB is in uniswap and currently has 2 pools which are BTCCB / ETH and BTCCB / USDC … Do you plan to increase the number of pools?

Circuit Breaker:
Yes, we are going to increase the number of pools. The main focus will be on stablecoin pools.

Q3 from Telegram Username @Xusuo
$BTCCB is not suffering from dumps, it has a self-locking mechanism. So how is this self-lock work in your automated trading system? Is this one of your special features?

Circuit Breaker:
Yes, it is the main special feature. We have a roadmap with a plan to develop different algorithms for the ecosystem. But now, yes, it is the main feature, which we brought from classic stock markets when it is widely used and it is called “circuit breaker”. You can find it on the internet: “
Circuit breakers are temporary measures that halt trading; they are intended to curb panic-selling on U.S. stock exchanges.

Q4 from Telegram Username @BboyForteVZLA
BTCCB is currently listed on DEXTOOLS and UNISWAP but I want to know what are the plans for upcoming listings?

Circuit Breaker:
Yes, we plan to list it on different DEXes and the central exchanges.

Q5 from Telegram Username @tykoon567
How big is the market for this type of product? Is this something consumers want?

Circuit Breaker:
How much is the market for the tokens, which go up faster than down? It is big

Q6 from Telegram Username @BJosefina61
BTCCB is for the long term or short term? Thoughts?

Circuit Breaker:
Yes, of course, it is long term. Our goal is to have a constantly growing token.

Q7 from Telegram Username @JuanSB07
What did you think of today’s AMA? simple question.

Circuit Breaker:
We are very grateful to the Satoshi Club for this AMA and we are very happy to be inside this community. It’s really amazing.

Q8 from Telegram Username @Cryprojulien
Can you list 1–3 killer features of Your Project that makes it ahead of its competitors?

Circuit Breaker:
1. Circuit breaker mechanism is unique and can help algorithmically to hold our tokens and prevent them from going down during FUD periods.
2. We have a rich ecosystem development roadmap.

Q9 from Telegram Username @NALiYUWUNTi
What are the ways of earning $BTCCB? Can I mine it?

Circuit Breaker:
For now, you can buy and hold it, and soon we will launch liquidity mining, I mean yield farming.

Q10 from Telegram Username @topind7
Do you have any Community for non-English speakers or regions that Where English is not spoken well?

Circuit Breaker:
Yes, we have many such national language communities. You can find links to them in our main (English) group.

Part 3 — Quiz Results

In the final part, we tested your knowledge in terms of BTC Circuit Breaker. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 450$.

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:
BTC Circuit Breaker Community: https://t.me/btccbchat

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