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BurningMoon x Satoshi Club AMA Recap from the 20th 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 BurningMoon and our guests, @Rainhard1 and @Laurenz_1. The AMA took place on the 20th of 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&WebSite

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Burning Moon! Welcome to Satoshi Club

Andrés M. | Satoshi Club: Dear community, welcome to another AMA session today. Our guest from BurningMoon are @Rainhard1 and @Laurenz_1!

Rainhard: Hello, glad to be here

Mary | Satoshi Club: Hello and welcome to Satoshi Club

Laurenz: Hello everybody, really appreciate to be here today.

Mary | Satoshi Club: Happy to e-meet you today

Andrés M. | Satoshi Club: It’s a pleasure for us!

Mary | Satoshi Club: How are you, guys?

Laurenz: All fine, really busy as it’s getting closer and closer to our launch!

Rainhard: Great, thanks

Mary | Satoshi Club: Awesome! So, we won’t waste our time and will start our hot AMA session

Laurenz: Let’s go

Mary | Satoshi Club: Guys, could you please introduce yourselves and tell us more about Burning Moon

Laurenz: My Name is Laurenz, and I’m in the core team since the very beginning of our projects. My responsibility is marketing and administrative tasks for our project. I’m from Germany like the most of our team members.

Mary | Satoshi Club: How did you get involved in the cryptospace?

Laurenz: I started to get more and more interested in crypto after the last big bull run. After been disappointed in a lot of projects and met Rainhard. I focused more in creating something special by our own.

Mary | Satoshi Club: I understand you

but you are still here and you’re a winner!

Laurenz: Will never leave again, that’s for sure

Rainhard: Sure, I’m Rainhard. I’m the Developer behind BurningMoon. I’m from Austria. BurningMoon is a token we work on since 3 months now and now we are finally close to launch, but more details in the AMA.

Mary | Satoshi Club: Oh, your role is very important for the project!

Rainhard: I got involved in crypto quite late. Usually I’m early adopter basically everywhere, but with crypto I was (sadly) slow and only started in early 2021.

Mary | Satoshi Club: Welcome to the club

Andrés M. | Satoshi Club: Nice to meet you guys, please tell us what is the essence of BurningMoon and which products do you offer?

Rainhard: BurningMoon is in it’s essence a token that rewards holders for holding like so many other token. But we brought that to the extreme with BurningMoon.

Mary | Satoshi Club: Thank you for your intro

We choose 6 questions from our community for the first part of our AMA

Are you ready for them?

Rainhard: I’m ready

Laurenz: Definitely!

Andrés M. | Satoshi Club: Thanks for the intro, let’s proceed

Q1 from Telegram user @ItsMelissa3:

There is little time left for the launch of the BurningMoon token, only a few days left. What are the steps to participate in the Whitelist Contest? How can we win our ticket to the BurningMoon whitelist? How many tickets will be distributed? Will the users who are at the top of the whitelist receive any exclusive benefits?

Rainhard: We have a Shill-Contest where you can win whitelist spots:
https://t.me/BurningMoonBSC/14914
We want to reward active Community members with a whitelist spot.

There will be no top or bottom on the list and everyone will have the same whitelist advantages for the BurningMoon launch, which will be a quite special launch

Andrés M. | Satoshi Club: Great opportunity

Rainhard: Yes, right now it’s still easy to get a spot

Andrés M. | Satoshi Club: So, why users should buy your token? Will be there staking or farming benefits?

Rainhard: Yes, we will have benefits for holding the token in BNB that can also be paid out in other token

Mary | Satoshi Club: As a group admin I want to ask you if you will respect another communities rules?

Because not all groups allow shilling

Why do you choose this style of whitelisting?

Rainhard: We do not encourage blind shilling. I much rather encourage people to tell their friends about it, as that’s much more effective that spaming other groups with copy pasted texts.

As a group admin, I also do not enjoy those shill messages either and telegram bans quite quickly anyway nowadays.

Andrés M. | Satoshi Club: Good strategy, word of mouth marketing.

Rainhard: Yes, much more effective.

Mary | Satoshi Club: True respect

We appreciate this!

Andrés M. | Satoshi Club: Thanks for the answer, are you ready to go with the next question?

Rainhard: Ready!

Q2 from Telegram user @Arisabela:

I wanted to access the information on your website, but it seems not to be accessible, can you tell us what aspects of the project are you focusing on right now? I ask because I read in your group that they think to develop a true use case for BurningMoon, that you aim it to enable you to partner with a lot of other projects, but there’s no mention about how you will do it. Please show us all details.

Laurenz: The website is currently being finished in the background. Currently you only see a teaser site.

Most details about BurningMoon will be released in the telegram group, but the website will be accessible before launch.

We will have a Feature called “Promotion Token”. This feature enables us to make mutually beneficial partnerships with other tokens and increase our long term viability.

Andrés M. | Satoshi Club: Please share with us the links to your communities to join and know more about the project

Laurenz:

Mary | Satoshi Club: Interesting system

What features will your token have? How users will be able to use it?

Andrés M. | Satoshi Club: Yes, please tell us about the main use cases.

Rainhard: It will have a lot of features built in, to make it adaptable to many use cases, and we are planning to build an ecosystem around the token.

We are currently working on things like NFTs that will be paid in BM and we are planning to incorporate those NFTs in a game we are currently planning.

Also, we are planning a launchpad where developers can launch token that are 100% safe that is of course, also paid in BM.

As we made the contract really flexible, we can develop a lot use cases around the token that wouldn’t be possible with other high tax token.

Mary | Satoshi Club: Great plans, guys!

Rainhard: Planned for 3 months now

Back in the day “moon” token were still the hottest thing

Andrés M. | Satoshi Club: A lot of amazing things coming

Thanks for sharing. Now, is time to proceed with the 3rd question.

Rainhard: Let’s go

Q3 from Telegram user @alice_wonderland12:

In most BSC tokens, either the dev rugs you after a couple of hours or it turns out to be a pump n dump scam or the coin moons for little time before collapsing to never recover. How is BurningMoon different?

Rainhard: Yes, that’s true. That was also our incentive why we made an own token.

First, we will make sure we are as transparent as possible. The contract will be fully audited before launch, so a rug is almost impossible.

Because of all the rugs and pump and dumps, people lost trust into BSC projects so, understandably, they want to get out ASAP to not lose their funds. Often at a loss. And so projects end up as pump and dump, even projects with great plans.

We try to be sustainable long term. We aim to build a real use case and have a lot of partnerships.

The unique functions of the contract will help us to achieve long term viability.

Andrés M. | Satoshi Club: It seems that everything is SAFU

Mary | Satoshi Club: I want to ask about your team

Is it public?

Rainhard: No, its anonymous.

Laurenz: It’s anonymous, but there will be different team AMA to get people know about our team behind!

Mary | Satoshi Club: Gotcha

Andrés M. | Satoshi Club: Who will audit your contract?

Rainhard: Solid group, should be done by Sunday.

Andrés M. | Satoshi Club: Excellent

safety first!

Mary | Satoshi Club: We will follow your updates about team and audit

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

Laurenz: Ready!

Q4 from Telegram user @Jmagsss:

I saw your ad about the “BurningMoon Whitelist Shill Contest” and one of the criteria of being eligible on the whitelist for your project is if I hold and burn 100,000 $SAVEBTC tokens from SaveBitcoin project (@SaveBitcoinBSC). May I know what is your relation with this project? Do you have partnership and collaboration with SaveBitcoin? Also, you mentioned that if I burned an additional 50,000 more $SAVEBTC tokens on top of the 100,000, I will be granted a Diamond Ticket that gives me potential benefits in the future. Can you give us more details of what benefits can we expect from being a Diamond Ticket holder?

Laurenz: SaveBitcoin is an earlier project of mine that was made as a joke as the bear market began. It’s meant to burn a percentage of it’s transaction volume in form of Bitcoin.

Burning 100k SaveBitcoin gives you a whitelist ticket. Currently, 100k SaveBitcoin are worth 1000$, so a Whitelist Ticket is quite expensive that way. But that doesn’t stop people from burning their SaveBTC.

The Diamond Ticket is a NFT that will later grant you special bonuses in the future, like early access to other projects etc.

Andrés M. | Satoshi Club: So, could you tell us about your current partnerships different to SaveBTC?

Rainhard: We have a few partnerships with other token planned, but nothing yet finalized, so I can’t share details.

Mary | Satoshi Club: We will wait for the news

Thank you for your answers! Ready to proceed?

Laurenz: Sure!

Rainhard: Ready.

Laurenz: You welcome to follow us!

Mary | Satoshi Club: Sure

Q5 from Telegram user @igervacio:

Some platforms publish NFTs constantly for the mere fact that NFTs have become popular, but others do not do so for popularity, but for exclusivity. Both factors are important to obtain good results, how does BurningMoon plan to develop exclusive NFTs that can be traded automatically? What uses will most of the tariffs used to buy the NFTs have?

Rainhard: We won’t publish NFTs just for the sake of it.

We will create an unique way of trading those NFTs and we will use most fees collected from the NFTs to buyback and burn BurningMoon. The rest will be used to pay for the artists, so our NFTs are really high quality.

The NFTs will later get a real use case once we develop our ecosystem further.

Mary | Satoshi Club: Did you already find artists who are ready to work with BurningMoon?

Rainhard: Yes, the one who will design the first set is currently working hard on our display pics

Mary | Satoshi Club: Awesome!

Andrés M. | Satoshi Club: Do you have some designs of the NFTs to share with us?

Any sneak peek?

Rainhard:

Andrés M. | Satoshi Club: Wow, completely incredible, congratulations to the designer

Rainhard: If you want more, just check the display pics of the admins in the BurningMoon group for her style

Andrés M. | Satoshi Club: For sure!

Mary | Satoshi Club: Thank you for your answers guys! Ready for the 6th and last question from this part?

Laurenz: Ready.

Q6 from Telegram user @Cheriemike:

One of your tokens “Earn Ada”, which was initially intended as a test run for BurningMoon, climbed to a market cap in the millions after only a few hours from launch. My question is, how many tokens will be launched on your platform? What are the primary features/use cases of “Earn Ada” token? What is the maximum/minimum amount of this token? And what are the benefits of of holding your tokens?

Laurenz: Earn Ada was initially meant as test for BurningMoon, but as it had a really unique concept in that time, so it quickly reached 3 million marketcap, despite having no marketing, no website and not even a logo at that time (all that we delivered later).

Right now, there is no plan to launch any more token. But there are plans for things like a launchpad that makes sure the deployed token are 100% safe.

Andrés M. | Satoshi Club: What about BDOT? Is the same case that Earn Ada?

Rainhard: It was demanded by the community that I make another “test token”, as some missed Earn Ada. But it’s a community token, not a test

Andrés M. | Satoshi Club: Oh great, thanks for clarifying it

Mary | Satoshi Club: Do you plan to stay on BSC, btw? Or also add another blockchains?

Rainhard: We will explore other blockchains later. Right now we focus on BSC.

Mary | Satoshi Club: Gotcha

And do you feel that something hot is coming?

Our live part

Ready for it?

Laurenz: Let’s go, looking forward!

Mary | Satoshi Club: Let’s go

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Shaa93:

I’m really intrigued by “Sacrificial Burn”, but I still don’t get it. What will holders do to be able to burn their tokens? And although they will receive 2x the rewards, will the rewards be automatic or claim?

Rainhard: They will just send their token to the Burn Address (0x00…dead). Rewards will be claimed manually, as you can select between different options.

Q2 from Telegram user @messilolz:

Your project is three months old. So, what do you have in your project uniqueness and how will you move with marketing plans to attract on it APART FROM SHILLING?

Rainhard: Shilling is just the first stage of marketing. After we’re launched, our main focus won’t be marketing, but developing a good product. We will market our developments rather than blind shilling.

Q3 from Telegram user @cutetulipan:

What guarantees do you offer? How do you pay attention to the suggestions and opinions of your community?

Laurenz: Our main goal is to give people a SAFU project to invest in and pay it back in several options of rewards. For sure we have our own and specific vision of our project, but we are always welcome for suggestions and asking our community for their point of view.

Q4 from Telegram user @coinerman:

Is BurningMoon’s ultimate goal to develop in the BSC network or will you continue your development using popular networks such as PolkaDot, Solana?

Rainhard: Right now the focus is on BSC. We might also list on some Central Exchanges. Later, we might explore bridges to different blockchains to makes us available everywhere.

Q5 from Telegram user @andrey_seleznov:

Please share more info about the BurningMoon fair launch plan. I heared there will be a variable tax rate of 99%, that will gradually lower to 10%? Interesting system! Do you have any examples of other projects that used it and how effective was it to prevent sniper bots from wrecking the fair launch? Btw, how can early investors know what the current tax is at any given moment and avoid losing much of the capital to increased fees? And finally, what will these huge early fees be spent on, buyback and burn I assume?

Rainhard: It worked with babyDot. The system was 100% effective at wrecking sniper bots, although because we did a 1000x at ATH, even sniper bots made a profit. Pretty much everyone who bought during the launch made a profit, despite paying a very high tax. The launch also built up a VERY good liquidity ratio.

Q6 from Telegram user @sumaiya889:

Your project has great features. There must be an experienced team behind? Which regions are you focusing on? Asia, Africa or Australia?

Laurenz: First of all that’s nice to hear!

We got the must talented dev in our team (my opinion) and a lot of different specialist in all areas like design marketing etc. We don’t focus on a specific country’s area. We want to bring our unique token to the hole world

Q7 from Telegram user @andrey_seleznov:

As part of the security measures to prevent rugs and scams, BurningMoon has an interesting proprietary LP lock system that is meant to ensure maximal security and still enable to migrate liquidity to other DEX and CEX if needed. Please tell us how exactly this system, will work and how can users be assured the team or malicious hacker cannot remove all liquidity overnight? Since this lock code is proprietary, have you done 3d party audits of your master chef contract to make sure it is hacker proof?

Rainhard: Yes, the team will be only able to remove 20% of the liquidity if the liquidity unlocks and liquidity automatically locks for at least another week. This enables us to lock liquidity for a shorter timespan to be able to move 20% of the liquidity to exchanges. The contract will be audited by a solid group and the result should be done by Sunday.

Q8 from Telegram user @jazzmusic2000:

I was reading that BurningMoon is creating a meme contest, could you give us more details about what are the steps to be part of this contest? When will it be open to participate? Through what platform will it take place?

Laurenz: Yes we got a really big meme competition going on and the price will be huge! There will be 30% of our marketing wallet after the first day of launch distributed to some really lucky winners. And this will be easily 5 figures. Please check out our telegram group and you will also find more interesting possibilities like whitelist competition before launch.

https://t.me/BurningMoonBSC

Q9 from Telegram user @K2ice:

How do you intend to reward NFT artists on your platform?

Rainhard: Our unique NFT system will automatically give a share of the rewards to the artist and burns the rest.

Q10 from Telegram user @Pratze:

So I’m still confused with “PROMOTION TOKEN”, what are the uses for it? And is there any benefit with own promotion token from BurningMoon project? Can you explain a little?

Rainhard: The Promotion token enables us to partner with other projects. It will be a cross promotion that mutually benefits both parties. The promotion token can be claimed via the dividends BurningMoon generates, and different bonuses apply, like tax free claim and a lot more.

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.

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