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Equlibrium x Satoshi Club AMA Recap from the 24th of May

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 Equlibrium and our guest was . The AMA took place on the 24th of May.

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 Equilibrium! Welcome to Satoshi Club

Gold Rocket | Satoshi Club

Greetings, dear Satoshi Club community!

Today our guest is @hello_melikhov Alex Melikhov Equlibrium CEO

Alex | Equilibrium (Block me if I DM first)

Hello everyone!

Glad to be here with you today

Mary | Satoshi Club

Hello, Alex! Welcome to Satoshi Club

Alex | Equilibrium (Block me if I DM first)

My pleasure

Mary | Satoshi Club

How’s going?

Alex | Equilibrium (Block me if I DM first)

Pretty good, you know. How’s yours?

Mary | Satoshi Club

We are good as well

Let’s start our AMA

Alex | Equilibrium (Block me if I DM first)

That’s amazing

Let’s do that folks

Gold Rocket | Satoshi Club

We are really excited about upcoming AMA with you

Let’s start! Introduce yourself please. How did you get to be involved in crypto & Equlibrium

Alex | Equilibrium (Block me if I DM first)

Thank you. Our team is also excited and many of them actually watching us right now

Mary | Satoshi Club

We will start our AMA with introduction

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

Alex | Equilibrium (Block me if I DM first)

Sure. The long story short, my name is Alex Melikhov and as you might already noticed, I’m founder and CEO of the Equilibrium and Genshiro.

In general I’m an engineer in applied mathematics, but also an interpreter. Before blockchain I was focusing on fintech, mostly payment systems and gateways. I became completely involved in crypto after co-founding Changelly in 2016.

I’ve been working with my current team together since 2017, when we began building on Ethereum. In April 2019 we launched the first EOS-based stablecoin and DeFi on it. Back in the day I was really impressed of what you can actually do with EOS blockchain.

Gold Rocket | Satoshi Club

I also noticed that you love New York

Alex | Equilibrium (Block me if I DM first)

Thanks! Great city btw

Mary | Satoshi Club

Algo stable?

Alex | Equilibrium (Block me if I DM first)

Anyway, currently we are working on Polkadot-based Equilibrium and its canary network on Kusama called Genshiro.

Collateral baked

Mary | Satoshi Club

Oh, nice So, could you explain to our members what is Equilibrium now?

Gold Rocket | Satoshi Club

Amazing background

Gold Rocket | Satoshi Club

love these stickers

Alex | Equilibrium (Block me if I DM first)

Sure. In layman’s terms Equilibriums is DeFi 2.0 with high leverage. It’s a one-stop platform to earn, borrow and trade at max efficiency.

In general Equilibrium is the first interoperable money market that combines all significant DeFi use cases in one easy-to-use interface.

These use cases include pooled lending (like Compound), synthetic asset (in future updates), decentralized stablecoin generation (like Synthetix and MakerDAO respectively), and trading with margin(like dy/dx).

Gold Rocket | Satoshi Club

This sounds very promising.

Alex | Equilibrium (Block me if I DM first)

In a nutshell Equilibrium allows users to stake and earn, lend, borrow, raise liquidity in synthetic assets and decentralized stablecoins and trade — all in one place.

Exactly

Gold Rocket | Satoshi Club

Also we would like to know more about your team. Who is on the project team core?

Alex | Equilibrium (Block me if I DM first)

We have fully decentralized team, many of them work remotely. Btw our headquarter is located in Lisbon.

Mary | Satoshi Club

I saw the opinion that in order to come to the next stage of crypto mass adoption, platforms need to simplify the use of products as much as possible. Are you agree? Will your grandma be able to use Defi 2.0? Or it will be complicated for her?

Gold Rocket | Satoshi Club

Absolutely in the spirit of the times. No to dusty offices, yes to intercontinental teams

Alex | Equilibrium (Block me if I DM first)

All of our team members is playing vital role in the development of Equilibrium and Genshiro, but I can point 4 of them

1. Lesley Czuma — our Business development lead

2. Peter Sergeev — Sr Project Manager Tech Team

3. Yves Renno — Lean Analyst

4. Benjamin Khrapov — Tech Lead

Exactly, right?

Gold Rocket | Satoshi Club

dream team

Alex | Equilibrium (Block me if I DM first)

Also, if your community members want to learn more about our team. they can visit our website: https://equilibrium.io/en/about

Gold Rocket | Satoshi Club

This one question

Gold Rocket | Satoshi Club

Thanks for sharing

Alex | Equilibrium (Block me if I DM first)

Totally agree with that! The main hurdle of DeFi is complexity and community are struggling with it. Especially those who are not familiar with DeFi

One of our goals here is the simplicity. Since the Genshiro (Equilibrium’s sister chain) is already live, we’ve prepared detailed wiki on how you can use it: starting from what is Genshiro and how you download Polkadot.js wallet, ending with some complicated thing, like formulas, etc

Basically we’ve covered everything there: https://docs.genshiro.io/genshiro/

Gold Rocket | Satoshi Club

How long does it take to develop a project? What plans do you have for the future?

Mary | Satoshi Club

Awesome! I see you prepared well!

Gold Rocket | Satoshi Club

I will suggest to my granny to take a look (she is very modern)

Alex | Equilibrium (Block me if I DM first)

It purely depends on project, you know. There is neither exact receipt nor precise time lines. It took almost year and a half for us to create Equilibrium and roll our Genshiro in production.

Gold Rocket | Satoshi Club

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

Alex | Equilibrium (Block me if I DM first)

But anyway, we still need to overcome some technical obstacles in order to release fully polished Equilibrium app. Since Genshiro is our testing ground for future features which will be implemented in Equilibrium, it can be a bit imperfect. But this is Kusama, you know. Expect chaos!

In short, you need to put a lot of effort if you want to create a leading product.

Gold Rocket | Satoshi Club

I’m sure you’re not afraid of difficulties

Alex | Equilibrium (Block me if I DM first)

You know how we say in Equilibrium?

Go hard or go home!

Mary | Satoshi Club

Ahaha, so i assume you all go hard

Alex | Equilibrium (Block me if I DM first)

We are

Gold Rocket | Satoshi Club

Great Motto

Mary | Satoshi Club

Incredible team!

Alex | Equilibrium (Block me if I DM first)

Thanks folks

Mary | Satoshi Club

Alex, are you ready for the questions from our community?

Gold Rocket | Satoshi Club

So… lets go

Alex | Equilibrium (Block me if I DM first)

I think I do!

Let’s do that

Gold Rocket | Satoshi Club

Q1 from Telegram user @thisistoyin

Hello Equilibrium team.

About your Republic Campaign.

What Could be the Essence of your Republic Campaign? Could you tell us more about your Republic campaign? What goals are you aiming to achieve with this campaign? Could you also tell us more about the benefits for early contributors in your platform? However,

I noticed that you are currently hiring talents in your team. I would very much appreciate it if you could tell us more about the open positions and how to apply for a job in your platform. I hope the application process is still on?

Thank you

Alex | Equilibrium (Block me if I DM first)

Ok, let me cover it step by step

Gold Rocket | Satoshi Club

Take your time

Alex | Equilibrium (Block me if I DM first)

I think I can share some insights with you guys.As you folks already know, we are running our Republic campaign. There’re several goals we are trying to achieve right now, but — if I can say like that — one of the most important, is simplicity and adoption.

As you can know there are several hurdles in DeFi at the moment. Let me count it here

1. The most common among them is excessive overcollaterization. Since most lending protocols require heavy over-collateralization there’s a usual situation when users need to pledge $200 in order to borrow $100.

2. The second is liquidations. It is always done via auctions which is risky. Currently 90% of collateral locked on Ethereum is subject to possible auctions. There might be no arbitrageurs willing to buy liquidated assets even at a discount, which puts the solvency of lending protocols at significant risk.

Mary | Satoshi Club

True

Alex | Equilibrium (Block me if I DM first)

3. The lack of utility. Borrowers can’t utilize their loans directly in lending protocols. Most loans in popular money markets are taken in major stablecoins for new investment opportunities. But users need to switch to other applications as there is no trading functionality on the initial platforms.

4. The last, but not the least is no cross-chain functionality. DeFi liquidity is fragmented across multiple networks. Due to the lack of seamless cross-chain transfers in major DeFi protocols, a big part of the ecosystem remains underutilized.

Mary | Satoshi Club

Totally agree

Alex | Equilibrium (Block me if I DM first)

And that’s where Equilibrium shines. We are the first DeFi 2.0 protocol on Polkadot with novel on-chain approach to risk and pricing for asset portfolios. It enables borrowing with minimum collateralization as low as 105% and margin trading with up to 20X leverage.

Our Republic campaign will help us to attract a lot of liquidity into the ecosystem in general and to the Equilibrium in particular.

Mary | Satoshi Club

What is your final goal? Do you have numbers?

Alex | Equilibrium (Block me if I DM first)

Waitlist is already opened and you can join the campaign right now. Let me share the link with you: https://equilibrium.io/en/republic-offering

Alex | Equilibrium (Block me if I DM first)

Of course we do. As I mentioned, we are aim to attract liquidity for the platform. Also, good marketing and team members is cost you something

In numbers, we allocated 720 millions EQ tokens for an event, which is 6% of total EQ allocation.

By the way we are also offering special conditions for influential communities and industry media. So, feel free to contact us in any of our channels, if you are eligible and interested.

Just drop us a line via our community here: https://t.me/equilibrium_eosdt_official

Or email us: contact@equilibrium.io

Mary | Satoshi Club

Don’t you afraid to start in bear market? Especially in times when whispers telling that Defi is dead?

Alex | Equilibrium (Block me if I DM first)

DeFi is not dead, don’t believe the whispers.DeFi will stay and it is forever with decentralized financial instruments

By the way, most of the Dotsama projects was released in the bear market

Gold Rocket | Satoshi Club

Thanks for your great clear answers

Absolutely agree

Alex | Equilibrium (Block me if I DM first)

But as you might see, particularly in Dotsama ecosystem, this was not a problem. Because in Dotsama what is really matters is technology

Mary | Satoshi Club

I like your enthusiasm and believe that such projects as yours will take crypto to new highs not only in terms of capitalisation, but quality as well

Gold Rocket | Satoshi Club

I didn’t know this fact

Alex | Equilibrium (Block me if I DM first)

And in Equilibrium, we are developing cutting edge tech

So, answering your question — no, we are not afraid!

Gold Rocket | Satoshi Club

It leads you to success

Mary | Satoshi Club

Thank you for your answers! Ready to proceed?

Alex | Equilibrium (Block me if I DM first)

Thanks for your support. Appreciate it

Gold Rocket | Satoshi Club

Q2 from Telegram user @V1ct0r_26

Hello, Equilibrium’s Team!

I saw on your Medium articles that a few days ago, you successfully launched your On-Chain Orderbook DEX On Genshiro. Could you please give us more information about this On-Chain Orderbook DEX? What advanced features have been included in it that whe should be excited about? With the launch of this product, what trading pairs has been open and which ones will be included in the future? Also, speaking of this, can users help you decide which pairs will be getting included progressively? Lastly, I would like to know if you could tell us more about what kind of incentives will you give to liquidity providers and what mechanisms have you implemented on the platform for it? Thanks.

Alex | Equilibrium (Block me if I DM first)

Good question. Yes, this is the premiere orderbook-based decentralized exchange (DEX) launched on the Dotsama ecosystem.

And it’s fully on-chain. In general, this is the first fully on-chain orderbook DEX in the Dotsama

Mary | Satoshi Club

Does it mean that we can place limit orders on your DEX as we used to place on CEXs?

Alex | Equilibrium (Block me if I DM first)

The launch of the new orderbook DEX includes advanced features catered specifically to our community. Let me cover it here as well:

1. A fully integrated on-chain orderbook.

2. Real-time spot market with margin trading

3. Our DEX offers the lowest comparative margin requirements (5%)

4. Users can leverage up to 20X

The first open trading pair is KSM-EQD that currently has ~ 100K ask side (KSM) and 100K bid side (EQD) liquidity thanks to our bootstrap event. All subsequent pairs will be opened upon reaching liquidity in the MM pools. This means 200,000 USD worth of liquidity on each side (ask and bid).

Alex | Equilibrium (Block me if I DM first)

Exactly! Limit and market orders are included

Mary | Satoshi Club

Wow! That’s really cool

Alex | Equilibrium (Block me if I DM first)

It really is. And once we will reach threshold of $200,000 in our MM pool for, let say ETH, we will launch ETH / EQD trading pair

So, basically it all depends on the community now

Mary | Satoshi Club

If we will go back to the original question, what pairs we should expect to be added next? Those, which will choose community?

Alex | Equilibrium (Block me if I DM first)

Will they bring us liquidity for BTC? Or for DOT? Or may be it will be CRV (CurveFi)? Who knows! But we are so excited that our community can decide which trading pairs they currently need the most.

Alex | Equilibrium (Block me if I DM first)

Basically just covered it

It all depends on the community

Let me share you our future pools

Mary | Satoshi Club

Thank you! It’s clear for me

Gold Rocket | Satoshi Club

it’s smart

Thanks for your clarification and great answers

Alex | Equilibrium (Block me if I DM first)

Here’s our DEX

And here you can see the future pools

You can start trading now: https://genshiro.equilibrium.io/exchange/en/trading/

Alex | Equilibrium (Block me if I DM first)

Basically the community will decide which one they need most.

Mary | Satoshi Club

You definitely know what you’re doing

Alex | Equilibrium (Block me if I DM first)

Thank you for such comprehensive questions

As I told you

Go hard or go home!

Mary | Satoshi Club

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

Alex | Equilibrium (Block me if I DM first)

Always ready

Gold Rocket | Satoshi Club

Q3 from Telegram user @Cheriemike

The governance for Equilibrium will be driven by an on-chain process and will make use of the Democracy and Council pallets.Some of the main components of this governance model include Councils,Referendum and Voting.So what are the special voting rights Councils have within your system and how can one become part of a Council member or is it limited?Can all members of the Equilibrium community have a say when a Referendum is initiated since Referendum proposal have to do with change in the system?And for Voting aspect you said users will vote base stake-weighted basis.Can you please tell us what you mean by stake-weighted basis?Thanks

Alex | Equilibrium (Block me if I DM first)

Hm, we haven’t yet finalized all of the details, once they become available we will share them with our beloved community. But I can definitely say that as we indicated in our roadmap. we will implement governance in Q1 2023

In order not to miss the moment, jump in our News channel. We sharing all thrilling details there: https://t.me/equilibrium_news_feed

Mary | Satoshi Club

How do you take decisions now?

Voting or something else?

Alex | Equilibrium (Block me if I DM first)

By voting. Several month ago we help redenomination event, where EQ holders should make a decision — whether they want to increase total EQ amount or not.

The majority voted “Yes” with their EQ and so we increased it. Community voting and pure governance

Mary | Satoshi Club

Gotcha! Thank you

Alex | Equilibrium (Block me if I DM first)

But we will implement a bit more comprehensive system in future

Mary | Satoshi Club

We will follow your updates sure it will be something special

Mary | Satoshi Club

Ready for the next question?

Alex | Equilibrium (Block me if I DM first)

Sure. Shoot!

Gold Rocket | Satoshi Club

Q4 from Telegram User @JesusFre1tes

Currently their Trading + Lending + Synthesizers platform is available on the Ethereum and Binance Smart Chain networks; but I read on their website that it will soon also be available on Houbi, Solana and Bitcoin soon. What will be the tools you will make use of to maintain seamless interoperability between chains? With these new blockchain network integrations, what impact will it have on Equilibrium protocols and $EQ trading?

Alex | Equilibrium (Block me if I DM first)

That’s not quite that. Our platform is developed on Substrate and based on Polkadot. Equilibrium is already a parachain and fully integrated in the Polkadot ecosystem.

I think JesusFre1tes meant our bridges

We do have Ethereum and BSC bridges

This means that you can transfer (bridge) ERC20 and BEP20 assets to our system and fully utilize it

Let me show you how you can do that

Alex | Equilibrium (Block me if I DM first)

Here’s the screenshot from Genshiro

Mary | Satoshi Club

Any other blockchains you plan to be added?

Alex | Equilibrium (Block me if I DM first)

As you can see, my portfolio counts several assets, as well as ERC20 tokens (CRV, ETH) and BEP20 (BNB, BUSD)

That’s the power of bridging. You are not constrained with Substrate native assets only, like DOT, KSM, EQ or ACA

Yes. Polygon, Bitcoin and Cosmos

Mary | Satoshi Club

Perfect

Alex | Equilibrium (Block me if I DM first)

Thank you!

Mary | Satoshi Club

İ love that bridging is easy now

Thank you for your answers! Ready to answer next question?

Alex | Equilibrium (Block me if I DM first)

Sure

Gold Rocket | Satoshi Club

Q5 from Telegram User @Danylko_UA

Hello Equilibrium Team!

Firstly, I must commend the projects’s team. The general structure, views, aims/goals of the platform is something I find very pleasing and interesting. From my research, I had observed that there was a transfer of xDOT allocations to participants/users in the Equilibrium group loan, which happened April, 2022. Can you give more details on this financial strategy? what is the idea behind this? What was the aim and essence of this strategy? In what ways have this been beneficial to the Equilibrium platform as well as the users? You had mentioned that xDOT offers a substantial amount of use cases on Genshiro: what are these use cases? Site some examples, thanks.

Alex | Equilibrium (Block me if I DM first)

That’s a good one. Let me cover it in details

Our users stake their DOT for their favorite Polkadot parachain and get xDOT in return. xDOT offers a substantial amount of use cases on Genshiro, our Kusama-based canary network, that includes trading, staking, and collateralizing to take loans. As such, you won’t get stuck with your DOT locked for the two-year parachain lease period and without a guarantee that a project performs well or DOT doesn’t drop in value.

Alex | Equilibrium (Block me if I DM first)

In general, you will receive the exact amount of xDOT in exchange for your DOT immediately.

And you can start to utilize it in Genshiro

Let me share a video with you, on how our revolutionary xDOT works: https://www.youtube.com/watch?v=apAS_PzoGDw

All Equilibrium contributors have already received their xDOT and use it in Genshiro

https://genshiro.equilibrium.io/gateway/en/portfolio/earn

Mary | Satoshi Club

That’s great!

It’s only for Equilibrium contributors? Any plans to repeat something like this in the future?

Alex | Equilibrium (Block me if I DM first)

We will soon run campaign with future Polkadot auctions participants. You know, stay tuned for our anns

Mary | Satoshi Club

For sure

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

Alex | Equilibrium (Block me if I DM first)

Yes, let’s do that

Gold Rocket | Satoshi Club

Q6 from Telegram User @ghostofcharmeleon

Hello, the Equilibrium team.

As I understand it, only participants who pass KYC and meet the requirements of their place of residence will be able to participate in the public offer of $EQ. However, you position yourself as a DEFI 2.0 project. Don’t you think that the authentication system of your project contradicts the very philosophy of crypto — providing unlimited access to finance to anyone, and besides this returns the problem that DEFI 1.0 sought to solve — anonymization of users and interaction of contracts directly with the wallet, bypassing the CEX exchange?

Alex | Equilibrium (Block me if I DM first)

Good question. Basically this rather depends on Republic. KYC is their requirement and we must follow it. We are aim to attract a lot of non-crypto investors and Republic is one of the best places of doing so.

Also, we allocate significant amount of EQ for our crowdloan participants. And as noticed, our personal crowdloan campaign didn’t required any form of KYC

Speaking of Republic, let me share some new with you folks

Mary | Satoshi Club

Sure

Alex | Equilibrium (Block me if I DM first)

We are currently running EQ airdrop campaign!

Mary | Satoshi Club

Oh, this sweet word airdrop

Alex | Equilibrium (Block me if I DM first)

Let me share the announcement here with you. This is the only way when you will be able to get EQ. Besides our Republic campaign.

Mary | Satoshi Club

Shoot it

Alex | Equilibrium (Block me if I DM first)

Mega $10,000 worth EQ Gleam Community Giveaway!

On the occasion of Equilibrium winning the Parachain on Polkadot and the upcoming EQ token sale on Republic, we are doing a $10,000 worth EQ tokens community giveaway.

250 random winners will get a $40 worth of EQ tokens each at a public sale price.

All you need to do is simply complete the tasks on gleam to win.

Take part here: https://bit.ly/EQGleamGiveaway1

Alex | Equilibrium (Block me if I DM first)

Could you please PIN it for a while? If this is possible of course.

Mary | Satoshi Club

Satoshiclubbers, let’s try our luck

Gold Rocket | Satoshi Club

Don’t miss great opportunity Satoshi clubbers

Mary | Satoshi Club

Alex, this was awesome, great and perfect first part of our AMA

Gold Rocket | Satoshi Club

Thanks for this amazing first part of AMA

Mary | Satoshi Club

But i can hear the sound of printing fingers besides the screen

Gold Rocket | Satoshi Club

You are awesome speaker

Alex | Equilibrium (Block me if I DM first)

It was a pleasure

Mary | Satoshi Club

Our users are preparing for the live part!

Alex, are you ready?

Alex | Equilibrium (Block me if I DM first)

How much should I pick?

Always ready

Gold Rocket | Satoshi Club

10 best questions

Alex | Equilibrium (Block me if I DM first)

Ok, let’s try it!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @LuisPagulayan

I read about your EQ Gleam Giveaway. Was is done now? Will there be any chance that those who are interested to use Equilibrium platform participate in this kind of activities? What requisites should be complied first to be able to join soon?

Alex | Equilibrium (Block me if I DM first)

Giveaway is still active! You have a solid chances of getting EQ. All you have to do is to complete our Gleam campaign here: https://bit.ly/EQGleamGiveaway1

Q2 from Telegram user @AugusS7

It caught my attention that on your website they say that “Equilibrium improves everything”, but could you really describe to us what specific characteristics in DeFi it improves? and will it really be available to any user?

Alex | Equilibrium (Block me if I DM first)

Let me cover 5 most important things here. We have 5 advantages among the other DeFi projects in Dotsama ecosystem.

  1. Cross-chain all-in-one DeFi platform
  2. Own parachains on Polkadot & Kusama are already live
  3. The first orderbook-based DEX on Polkadot
    with leverage up to 20X
  4. A money market with critical collateralization is as low as 105%
  5. Features: pooled lending, trading on margin, native decentralized stablecoin, synths, perpetuals

Q3 from Telegram user @V1ct0r_26

When I was reading about the project, I saw that there are three different roles users can take on the system, which are; traders, lenders, and bailsmen. What caught my eye here was the bailsmen’s role since is something I’ve never heard of before, so, could you please give us more details about what a Bailsmen is and what role do they fullfil on Equilibrium’s correct development? How can someone become a Bailsmen, what requirements do they need to meet and how can someone apply for this role? What do they need to do while performing this role? How is a bailsmen important on the platform? What benefits can Bailsmen receive from their job on Equilibrium? Thanks.

Alex | Equilibrium (Block me if I DM first)

Basically there’re 3 roles which you can take in Equilibrium & Genshiro:

  1. Borrower role
  2. Bailsman role
  3. Trader role

And while trader role is obviously familiar to you, Bailsman role might be not. Bailsmen are users who pledge liquidity in advance of a market decline or black swan event, and they play a pivotal role in keeping Equilibrium and Genshiro running smoothly. There’s no need to quickly gather liquidity when the bad debt mounts up because our bailsmen have supplied this liquidity in the form of other crypto assets. It’s immediately available when we need it.

By securing loans in the system, Bailsman receive around 25% APR at the moment.

Don’t hesitate to learn more about the Bailsman in our wiki: https://docs.genshiro.io/genshiro/mechanics/bailsman-mechanics

Q4 from Telegram user @burshanggal

Could you elaborate on Genshiro? How functions could this product accomplish specifically? Which allows Equilibrium and Genshiro to offer services with lower risks and cross-chain accessibility?

Alex | Equilibrium (Block me if I DM first)

Genshiro is a cross-chain protocol that helps users seamlessly earn yield, borrow and trade margin. Using asset portfolios instead of single collateral vaults.

Genshiro is already up and running. You can start using it now. Buy the way, recently we launched our DEX where you can trade KSM with margin
https://genshiro.equilibrium.io/gateway/en/market

Q5 from Telegram user @se_cret_star

Can you give details about the process waiting for the people who have joined the whiletlist and won the right to buy? For example, how will they make the payment and receive their $EQ tokens?

Alex | Equilibrium (Block me if I DM first)

Details on that will be published in our Social Media. By the way, don’t hesitate to subscribe. We will also share EQ airdrop results there:

👉 Equilibrium Twitter: https://twitter.com/EquilibriumDeFi
👉 Genshiro Twitter: https://twitter.com/GenshiroDeFi

👉 Our Medium: https://medium.com/equilibrium-eosdt
👉 Publish0x: https://www.publish0x.com/@EquilibriumEOSDT

👉 Telegram community: https://t.me/equilibrium_eosdt_official
👉 Telegram News Feed: https://t.me/equilibrium_news_feed

👉 Genshiro community: https://t.me/genshiro_official
👉 Genshiro News Feed: https://t.me/genshiro_news_feed

Q6 from Telegram user @Dalboto22

There are plenty of tasks planned for the next month including the launch of money market and spot margin trading. Will you complete those tasks despite the current bear market? How does the current market affect the future of Equilibrium? Should I hesitate to invest in your project due to this market condition?

Alex | Equilibrium (Block me if I DM first)

Exactly. Let me share our roadmap with you here. Here you can see the whole picture of our plans as well as the approximate deadlines.

The main priority for us at the moment is polishing Equilibrium app and releasing it to the production.

Q7 from Telegram user @musulusoy

Do team members only make decisions about the future of your project, or do you have a governance (DAO) model that truly cares about the community’s opinions?

Alex | Equilibrium (Block me if I DM first)

As I mentioned above, we will implement full DAO in future. We have plans on implementing the comprehensive governance model in Q1 2023.

Q8 from Telegram user @Kushal85127939

One of the recent case of Terra luna which cause most of the Investors to suffer heavy loss. How Equillibrium ensure usage Investors funds will be safe when using Synthetic stablecoins in Equillibrium Platform?

Alex | Equilibrium (Block me if I DM first)

Well, LUNA is algorithmic stablecoin, EQD is colalteral backed stable coin, these are different approches and with collateral backed stablecoin the bankrupts are not possible.

Q9 from Telegram user @mamamelos2

Equilibrium is a comprehensive platform to earn, borrow, trade with maximum efficiency, offering users everything in one place in the DeFi market. But the integration of Genshiro in Equilibrium caught my attention. What impacts can Genshiro have on its ecosystem? What advantages and benefits will it bring both to the community and to investors?

Alex | Equilibrium (Block me if I DM first)

Genshiro is Equilibrium’s testing ground. For these purposes, our Kusama-based parachain inherits an experimental spirit that’s quite common for the Kusama network. It’s a testing site for our future products before they’re deployed to Equilibrium. This means we get to implement some new features for future iterations of Genshiro, like derivatives, perpetual swaps, and futures contracts on gold, ETFs, commodities, and stocks.

Q10 from Telegram user @Ravan_since_1996

When is your public sale gonna start? And what is the price of tokens ?

Alex | Equilibrium (Block me if I DM first)

Can’t share it here unfortunately, but I can share Republic whitelist here: https://equilibrium.io/en/republic-offering

If you register in the whitelist you will have:

  1. Get a guaranteed EQ allocation
  2. Be eligible for a special EQ drop
  3. Access the offering 48 hours before it officially starts

The first EQ public offering | Equilibrium (https://equilibrium.io/en/republic-offering?utm_source=paidmedia&utm_medium=mars&utm_campaign=appbanner)

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:

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:
Telegram- https://t.me/equilibrium_eosdt_official
Medium — https://medium.com/equilibrium-eosdt
WebSite — equilibrium.io
Twitter- https://twitter.com/EquilibriumDeFi

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Satoshi_storyteller

Satoshi_storyteller

Storyteller for Telegram community @satoshi_club