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Clam Island x Satoshi Club AMA Recap from the 5th of October

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 Clam Island and our guest, @DKNinja. The AMA took place on the 5th of October.

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

Andrés M. | Satoshi Club: Hello everyone, here we go again

We are happy to introduce you the Clam Island project. Today our honourable guest is the CEO, @DKNinja.

DkNinja | clamisland.fi | won’t DM first: Hi everyone, great to be here

Paul Mont | Satoshi Club: Hello @DKNinja, the pleasure is all ours!

How are you doing today?

DkNinja | clamisland.fi | won’t DM first: Not bad for 11 pm my time

Thank you for asking!

Paul Mont | Satoshi Club: Haha great!

We’re all very excited to know more about Claim Island today

DkNinja | clamisland.fi | won’t DM first: Thank you

Andrés M. | Satoshi Club: Then let’s do a great AMA before midnight.

DkNinja | clamisland.fi | won’t DM first: Sure, let’s do it!

Paul Mont | Satoshi Club: Let’s follow the netiquette

Please tell us more about yourself — your past experiences/your background and also please introduce Claim Island to our Satoshi Clubbers

DkNinja | clamisland.fi | won’t DM first: Ok so, I am the CEO of Clam Island. We have been working on this project for 7 months and our founders are all veterans in the De-Fi and NFT space. I myself have been in crypto since about 2016 and have consulted on tokenomics for a couple of crypto projects. I have been involved in other non-crypto related start-ups and have a background in law as well as frontend development.

Clam Island is a gamified yield farming and NFT platform designed on a 3D island. It is our vision of how to create a truly innovative De-Fi product capable of satisfying the seasoned yield farming veterans as well as the mainstream masses.

I would encourage you to check it out on https://clamisland.fi — but for now, let’s answer some questions first, otherwise I will be talking to myself all night since the island itself is in fact a lot more complex than it might seem

Paul Mont | Satoshi Club: I have to say, I love the website and how the web app’s interaction is done, it really looks like you’re already playing a game

Andrés M. | Satoshi Club: Of course, thank you so much for the clear introduction

Paul Mont | Satoshi Club: Check it out boys & girls

Q1 from Telegram user @Right_clicK1:

You officially launched Clam Island last month in which a lot of information has been given on your Twitter page. At the launch, you made use of parameters which were written like codes on your medium page, can you briefly explain the parameters to us? What is the effect of the parameters in your project? You also noted some adjustments based on feedback from the Beta, were these adjustments needed to be done? When do you plan to implement the adjustments?

DkNinja | clamisland.fi | won’t DM first: The parameters affect the balance of the ecosystem, including in relation to yield farming and in relation to Clam & Pearl NFTs and how they interact with each other/the yield farm. For example, the Pearl production time is the time it takes for a Clam NFT staked in the Clam Farm to produce a Pearl, and the time is randomly selected between 8 and 72 hours every time a new Pearl’s production process is started.

The adjustments are already taken into account after running the Beta. For example, prior to the Beta, the Pearl production time was going to be between 5–10 days instead of 8–72 hours.

Paul Mont | Satoshi Club: Will these parameters change in the future?

DkNinja | clamisland.fi | won’t DM first: Yes, depending on how the ecosystem plays out. We have designed something completely unique here with tokenomics and interactions between NFTs that are unlike anything else before us. So naturally, we need to monitor things closely to ensure that we get the right balance in the weeks following launch.

Andrés M. | Satoshi Club: Interesting, so I read about your mechanism of “Play to Invest”, how is it different to “Play to Earn”?

DkNinja | clamisland.fi | won’t DM first: Play to Earn requires you to spend time, grind, and upskill. It’s like playing a game instead of working a job. Play to Invest is this concept that you can invest your money by playing a game instead of using traditional platforms like stock investing dashboards. There is no requirement to grind or upskill, and you can watch your investment grow/earn a return by just playing a casual game for half an hour a day. Or you might want to play it for longer anyway — some users report our game to be very addictive

Paul Mont | Satoshi Club: I gotta agree, Play to Earn is cool, but you need to have plenty of the “time” resource, in many cases, to be truly successful

Andrés M. | Satoshi Club: I’m excited to try it!

Paul Mont | Satoshi Club: Great, thank you for the thorough answers, @DkNinja

Andrés M. | Satoshi Club: Well, let’s proceed with the second question.

Q2 from Telegram user @ItsMelissa3:

In August you announced the start of the Clam Island Citizenship Program. This was born as an idea to show your appreciation to your community. How can we get the Citizen role? I read that citizens can also receive rewards. Would we already be participating to receive those rewards just by having the role of citizen? Or should we do something else? Being a citizen of Clam Island, how can I contribute to the ecosystem?

DkNinja | clamisland.fi | won’t DM first: If you are in the role of citizen, you will get access to the #citizen-island channel on our Discord server.

Discussions regarding marketing and content creation efforts can be had there, and anyone that makes contributions can use a self-reporting form to report their contributions, which will be tracked in a Google Spreadsheet using a points-based system.

More information can be found in this post: https://clamisland.medium.com/clam-island-citizenship-program-dc3c9a9a4c37

Paul Mont | Satoshi Club: Cool! Which kind of contributions are rewarded? Also, who evaluates them? Is the reviewing of the contributions done by the community or the team?

DkNinja | clamisland.fi | won’t DM first: From the medium article:

There are a variety of ways you can contribute to Clam Island, including but not limited to:

  • Content creation (videos, gifs, infographics, articles, etc)
  • Marketing (Reddit posts, 4Chan posts, Youtube, Twitter, Discord Invites, etc)
  • Proposing great (and realistic) ideas to improve Clam Island
  • Development — building products under the Clam Island brand and ecosystem. (For this one DM @DkNinja on Telegram, we can potentially negotiate additional rewards)

Andrés M. | Satoshi Club: Is there any quantity of tokens needed to become a citizen?

DkNinja | clamisland.fi | won’t DM first: No, you just need to ask to become a citizen in #citizen-recruit on our Discord.

Andrés M. | Satoshi Club: A great opportunity Satoshiclubbers, let’s join

Paul Mont | Satoshi Club: Nice

DkNinja | clamisland.fi | won’t DM first: Yes, we are one of the most lenient jurisdictions in the world for citizenship applications

Paul Mont | Satoshi Club: Then I’m gonna definitely consider becoming a Claim Island citizen after the AMA

Thanks for taking care of this. Great answers! Ready for the next question?

DkNinja | clamisland.fi | won’t DM first: Sure!

Q3 from Telegram user @Lestmarisv13:

Clam island is participating in the Tachyon Filecoin Accelerator Program. That program has been invaluable to Clam Island in making the right connections within the industry and honing our vision. What is the Tachyon Filecoin Accelerator Program? How does this program work? What is the strategic benefit of this program for the Clam Island platform?

DkNinja | clamisland.fi | won’t DM first: It’s an Accelerator Program run by Tachyon, the accelerator arm of ConsenSys, and sponsored by Filecoin.

Twice a year, 20 teams are selected to run through a 4 month intensive accelerator program where the team is provided with guidance, mentorship and investor connections from leading experts in the crypto scene.

The strategic benefits are obvious. We receive valuable feedback and mentorship on our vision, strategic direction and execution by leveraging Consensys’s network, and we also get the chance to pitch to investors within that network.

Another outcome from the Accelerator Program is that Clam Island is receiving seed investment of ~$400k combined from Consensys Mesh and Protocol Labs to kick off our seed round. So yes, we are actually backed by Consensys

Andrés M. | Satoshi Club: Congratulations

Btw, could you mention your most important partnerships at the moment?

DkNinja | clamisland.fi | won’t DM first: We have only just launched, so there are certain partnerships that we can’t announce yet. One important partnership we recently announced was with https://www.gamestation.io/, an upcoming multichain gaming launchpad an marketplace. This partnership will be important for us to execute our ultimate vision of being a cross-chain and cross-game platform where many games, and not just Clam Island, will exist in our ecosystem.

More on this here: https://clamisland.medium.com/the-clam-island-vision-e9d7f785c106

Paul Mont | Satoshi Club: We had the pleasure to have the guys from GameStation here at Satoshi Club not long ago — great partnership guys

DkNinja | clamisland.fi | won’t DM first: Thanks

Andrés M. | Satoshi Club: An important name in the gaming industry, thanks for sharing it. Don’t forget to share the coming announcements with our community

DkNinja | clamisland.fi | won’t DM first: Of course!

Andrés M. | Satoshi Club: Our next question is knocking the door

Paul Mont | Satoshi Club: Right, we need to know more about your tokens

Q4 from Telegram user @DK177:

According to your guide, we can purchase Clams with $GEM and harvest them for $SHELL. It caught my attention that $SHELL can be invested in the Bank to earn yields in $GEM. I am curious to know why should we harvest $GEM for $SHELL and reinvest $SHELL again to receive $GEM. Could you please explain the advantages of holding $SHELL? It is true that it allows us to participate in future democratic governance decisions? However, in financial perspective, I could not find any reason to hold $SHELL. By the way, what is the purpose of creating this dual token mode? What will be the most profitable token in the long run for an investor who is not interested in gaming?

DkNinja | clamisland.fi | won’t DM first: Ok, so there are two tokens in our ecosystem, $GEM and $SHELL. $GEM is the inflationary yield farming token and also the in-game currency. $SHELL is governance token.

You harvest Clam NFTs (not $GEM) for $SHELL. Clam NFTs can be used to produce Pearl NFTs, which can be burned for a boost to $GEM yield. Clam NFTs themselves also can boost $GEM yield. The amount of boost depends on the individual traits of the Clam/Pearl.

The idea is that our NFTs are already properly generative with billions of possible random trait combinations. Many NFT projects stop there. We go one step further and give them financial utility as well on our yield farming platform and we also gamify the process by allowing Clam NFTs to produce Pearl NFTs, which also have billions of possible trait combinations and reflect real life pearl traits.

$SHELL is the governance token and can only inflate by burning Clam NFTs. The supply of $SHELL cannot increase in any other way. Other than being the governance token, it can also be farmed in a non-inflationary way with yields being paid out in $GEM. This is already better tokenomics and use case than most other governance tokens.

The dual token structure is designed to make the ecosystem as sustainable as possible. Both tokens have their unique roles, so it is hard to say which one would be more profitable. Although, if you do want to invest in $GEM, since it is a yield farming token, you should definitely be farming with it and maybe trying our the NFT gaming side, which actually has financial utility and can boost your yields in order to profit. $GEM isn’t really a hold in your wallet and forget kind of token.

Paul Mont | Satoshi Club: Took my sweet time to read through the answer — seems to be a wonderful design to me

Do you have a tokenomics paper to share with our Satoshi Clubbers?

DkNinja | clamisland.fi | won’t DM first: Not so much of a full paper but the tokenomics and concept is discussed in some detail here: https://clamisland.medium.com/introducing-clam-island-ad424aba1733

And here: https://clamisland.medium.com/clam-island-presale-30090591d4f

We are also working on a more detailed gitbook.

Paul Mont | Satoshi Club: Thank you very much for sharing!

Q5 from Telegram user @Pavel_Jarosh:

The major “product” to harvest on Clam Island are certainly…claims. It is stated that here are over 6 billion different possible combinations, including a variety of shapes, colours and tongues, meaning there will be 6 billion available NFTs. Please tell us more about them and how the difference from one another can add to a specific clam’s value. Also do the clams have identical drop rates and if no, can the rare ones which are more valuable be found/harvested on the island? Thank you!

DkNinja | clamisland.fi | won’t DM first: To be clear, there will not be 6 billion available NFTs. It is just that the traits we have designed have about 6 billion possible unique combinations. Clam supply is 2,500 per week, reducing by 50 per week until we hit 500 per week.

Given the high number of possible trait combinations, the Clams and the Pearls that they can produce, all have rarity tiers to make it easier for the user to understand how rare their Clam/Pearl is.

So the simple answer to value is that, generally, higher rarity tiers are more valuable. There is a little more to it than that but I won’t get too technical here. Everyone has equal chances of getting rare or common Clams/Pearls, but when producing Pearls, some Clam traits have higher chances of producing some Pearl traits.

Oh and this is our rarity tiering and drop rates.

Andrés M. | Satoshi Club: Great answer, personally I am addicted to these kind of games

Paul Mont | Satoshi Club: I am too haha

Other than being very rare, do Epic or Legendary Pearls yield bring actual benefits to owners than lower tier ones (e.g. Common or Rare)?

DkNinja | clamisland.fi | won’t DM first: So far I believe we have one publicised Epic sighting in our TG, but there may be more shy owners out there!

In general yes, but there are other factors that don’t affect rarity that may affect yields, such as size.

Andrés M. | Satoshi Club: Could you tell us what is coming? Please share us your roadmap.

DkNinja | clamisland.fi | won’t DM first:

Here is a broad roadmap, from our medium article explaining our vision: https://clamisland.medium.com/the-clam-island-vision-e9d7f785c106

Andrés M. | Satoshi Club: Well, our best wishes for you in this important road

DkNinja | clamisland.fi | won’t DM first: Thank you

Andrés M. | Satoshi Club: Thanks for the answers, would you like to add something before the next question?

DkNinja | clamisland.fi | won’t DM first: No, I am ready!

Q6 from Telegram user @Jmagsss:

Based on the Clams Islands’ Medium article, in order for Clam Island to hit mainstream adoption, the project should have real-world incentives and partnerships. The article also stated that “some of these partnerships may well be unlike anything else you have seen in the crypto scene”. I was intrigued from the last line of that paragraph and wonder, what could Clam Island be planning on its partnership? So while I have you today, could you please share with us your partnership strategies and plans to make your project reach mainstream media? What do you mean by “unlikely partnerships”? Can you enlighten us?

DkNinja | clamisland.fi | won’t DM first: We obviously can’t share everything yet, but for example, we are working on a deal with a real life pearl farm, which will provide certain types of NFTs on our platform corresponding real life physical assets. We don’t want to ruin the surprise, but it will definitely include real pearls at a minimum.

We are also working on partnering with restaurants where diner matching certain dining criteria will get a chance to win a Clam NFT on Clam Island. Again, we can’t reveal the details yet, but we will announce it once ready of course.

In terms of mainstream outreach, we also have other things in the pipeline, such as an interactive guide of the platform that makes full use of our 3D interface, explainer videos about Clam Island as well as basic crypto/yield farming concepts available from dear old Janet in our visitor’s information centre (the lighthouse building on our website, content is still being developed), a fiat onramp etc.

All of this is designed to make the retail user onboarding experience as smooth and simple as possible. This is of course on top of our marketing plan to put ourselves in front of retail users and not just De-Fi or even crypto users.

Andrés M. | Satoshi Club: We understand, thanks for the sneak peek. Btw, several persons think that virtual reality is the next step of NFTs, are you planning to integrate this technology to your ecosystem?

DkNinja | clamisland.fi | won’t DM first: It is a possibility, but we need to take things one step at a time. Personally, I find augmented reality more interesting and accessible at the moment.

Andrés M. | Satoshi Club: Thanks for the clarification. So, @DkNinja, we understand that is midnight there, so let’s proceed with our second part. The live segment is coming and a ton of questions with it

We will open the chat for community questions and you should choose your 10 favorites.

Would you like to share the social networks of the project before?

DkNinja | clamisland.fi | won’t DM first: Sure!

LINKS:

Andrés M. | Satoshi Club: Let’s join Satoshiclubbers! Opening the chat in 3, 2…

Paul Mont | Satoshi Club: Let’s go!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @KASG95:

As you well say “every project needs a real product that supports the value of the tokens” and that is why Claim Island will incorporate the NFTs to support its tokens, but is the NFT really a real product? And also can this be enough to support a whole project?

DkNinja | clamisland.fi | won’t DM first: Our NFTs are not only complex, generative with random traits and rarity tiers, rendered in full 3D, they also have utility on our yield farming platform. I believe they are a product, and a much better one than most NFTs out there. If you consider, for example, CryptoPunks, our NFTs actually have a lot more utility and are more complex to create.

Yield farming and generative NFTs are already standalone products on their own even before we came along, but other than a handful of projects, they often suffered from issues with sustainability. We believe that we can combat this issue by combining them and properly integrating them in a well though-out ecosystem.

Q2 from Telegram user @DK177:

Since your platform is a little bit complicated for newbies, is there a place to report issues if they face any?

DkNinja | clamisland.fi | won’t DM first: Yes, for now we have a Telegram channel (https://t.me/clamislandreportissue), but later we will probably move this to Discord.

Q3 from Telegram user @Kathdm:

You mentioned that the randomization of Clam traits is achieved through an on-chain random number oracle. In this case, you are using the BogTools Random Number Generator (RNG). Why did you decide to use BogTools? Can you explain a little more what BogTools consists of and how RNG works?

DkNinja | clamisland.fi | won’t DM first: BogTools is a native BSC project with a small, but dedicated team and a large BSC community. We have been impressed with their product and as we were launching on BSC, it made sense to use them because fees are cheaper than Chainlink and we were able to secure a partnership with them for mutual promotion, beyond just using their RNG oracle.

BogTools has a suite of products including charting and trading tools. The RNG is just one of them. By using their RNG, we ensure that we have true randomness in the traits of our NFTs and that no one, not even us, can cheat.

Q4 from Telegram user @Cheriemike:

You said users can use a third party NFT marketplace to trade their Clams and Pearls, so which marketplace can one trade on? And what other things can one do with their Clams or Pearls if they decides not to trade it?

DkNinja | clamisland.fi | won’t DM first: Compatibility with 3rd party marketplaces will be ready in the coming weeks. Once that update is deployed, our NFTs can be viewed and traded on any open third party marketplace on BSC, like Treasureland for example.

Until then, the NFTs can be used to boost yield on our platform, while Clams can be staked to produce Pearls and also burned in exchange for $SHELL tokens.

Q5 from Telegram user @Manzanog:

I read that the Clam could generate some pearls which will be different depending on the characteristics that each Clam has, but are these pearls really valuable and marketable? If so, how many pearls can each Clam produce? And how often will you do it?

DkNinja | clamisland.fi | won’t DM first: Pearls have rarity tiers as well, and we believe rare ones will be sought after. However, one of the unique elements of our ecosystem is the fact that we gave every NFT financial utility — even the lowest common ones. This is done through the ability to burn Pearls for $GEM reward boosts. That gives every Pearl NFT a “floor price” of sorts, depending on the $GEM boost available.

Each Clam can produce between 5–15 pearls, this is one of the random traits selected when you buy a clam. It takes 8–72 hours to produce one pearl.

Q6 from Telegram user @Asela1112:

Most of the time I am researching the projects by using my mobile phone before I invest in them. Therefore, I tried to visit Clam Island website, but it is only supportable on PCs. When will you launch a mobile version that will be compatible on both Android and iOS?

DkNinja | clamisland.fi | won’t DM first: This will take some time to implement, but it is one of our current priorities. The best estimate is probably a few weeks to a month.

Q7 from Telegram user @ItsMelissa3:

I read that each month the top 3 Citizens of Clam Island will be rewarded with a rare Maxima Clam NFT. I understand that this Clam cannot be purchased. Instead, you mentioned that there are only two ways to get this Clam. How can we increase our chance of getting rare Maxima Clam NFT? How do we increase our probability of being among the top 3 Citizens? And what is the second way to get it that you mentioned?

DkNinja | clamisland.fi | won’t DM first: If you participate more actively with useful contributions in our citizenship program, then you are more likely to get rewarded with a Maxima Clam.

The other way to get a Maxima Clam is through random drop to a lucky person staking in our native yield farming pools. One person in these pools will win a Maxima Clam per week.

Q8 from Telegram user @messilolz:

As I read, your team members are doxxed. Where can I find more information about your team and how big is your team?

DkNinja | clamisland.fi | won’t DM first: Our founders are doxxed, you can find information in our Tachyon Filecoin Accelerator Demo Day showcase here:

We have 11 team members including founders.

Q9 from Telegram user @levi_cryptoman:

How will Clam Island always stay flexible in the NFT market and what upgrades will be implemented due to market/community signals? How are you seeking to create partners, instead of competitors?

DkNinja | clamisland.fi | won’t DM first: We have many parameters that can be adjusted and fine-tuned and we have built-in flexibility as well. For example, the $GEM price to purchase Clams each week is adjusted automatically based on demand for Clams in the previous week.

We also have plans to add more utility to the NFTs, including that real world link to Pearls and Clams that I spoke about.

Finally, we always seek to partner where possible. For example, since we have ultimate goals of building something of a cross-game platform, we could have viewed gamestation.io as a competitor. But instead, it made a lot more sense to work together.

Q10 from Telegram user @AlenaMotor:

As I read, every Clam has a lifespan and I think it’s good for the ecosystem itself, however the used Clam can be dismantled or sold as collectibles. Regarding this, will you consider to make a new movement or make a new function, for example “FUSION”, that players can fusion like 5 of their used clam to get a newborn Clam? I think this kind of feature will also be interesting for the game. Will you consider that?

DkNinja | clamisland.fi | won’t DM first: That is an interesting idea, however we do offer the user the ability to burn their Clam for $SHELL as long as the Clam is not dead (i.e. has not produced all of its available Pearls). So one option is to farm a Clam until there is only 1 lifespan (Pearl) left, and then redeem it for $SHELL.

However, the game is designed so that Pearls produced later in a Clam’s lifespan have higher chances of being rare, so the player will just have to make a choice — claim the $SHELL, or gamble for a rare Pearl.

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:

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