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Findora Foundation x Satoshi CLUB AMA Session 05 jan 2020

PART 1. Introduction of Findora project and community questions.

Hello, Satoshi clubbers and guests of this site. We are happy to present you with a project called Findora.
Findora enables assets of any nature — dollar, bitcoin, equity, debt, and derivatives. Its mission is to address the challenges necessary to support this broad class of assets and diverse financial use cases, providing confidentiality while retaining the transparency of other blockchains.

The plan of AMA session:

  1. Part — Introduction and preselected questions.
  2. Part — Live questions
  3. The Quiz about Findora

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club — @madamlobster and Gold Rocket | Satoshi Club — @GoldRocket27

The Representative of the project:

Matt Arney — @mattarney — expertise is in corporate development, partnerships and globalization.

Ken Berniklau — @KenB7 — Director of Product Management at Findora

Introduction of Royal project

Mary | Satoshi Club:

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

Gold Rocket | Satoshi Club:

Good evening, dear community! We conclude our today’s AMA’s series with Findora. Today our guests are @mattarney @KenB7

Matt Arney:

Thx Gold Rocket — hey everyone!

Mary | Satoshi Club:

Hello, Matt! Welcome here!

Ken Berniklau:

Hello everyone!

Gold Rocket | Satoshi Club:

Welcome to Satoshi Club, @mattarney @KenB7

Mary | Satoshi Club:

Happy to see you here, Ken! Actually, welcome back, Findora

We haven’t seen you since September 2019

Gold Rocket | Satoshi Club:

To be honest, you have already been our guest, some time ago. What news did you bring guys today?

Matt Arney:

That’s a lifetime in a blockchain — thanks for having us again. We have a lot of share — can’t wait to get started

Gold Rocket | Satoshi Club:

Thanks for joining.

Mary | Satoshi Club:

So, start

we love news!

Gold Rocket | Satoshi Club:

To begin with, please tell us a few words about yourselves and how did you get to be involved in crypto & about Findora.

Matt Arney:

My name is Matt Arney — Before joining Findora, I co-founded and successfully exited from three international startups in the enterprise language & technology space. My expertise is in corporate development, partnerships, and globalization. I’ve been following the crypto space for some time and joined up with Findora to help with the growth

Ken Berniklau:

Hello — my name is Ken Berniklau. I’m the Director of Product Management at Findora and happy to answer some questions about our product. My expertise is in launching early-stage start-ups, product development, leadership, and managing in a growth environment. When I have free time, I enjoy motorcycles, golf, and off-roading.

Mary | Satoshi Club:

Oh, you have great experience

Matt Arney:

I hope that’s not an age joke?

Mary | Satoshi Club:

No, of course

Nice hobbies

no stress

Gold Rocket | Satoshi Club:

What is your favorite motorcycle?

Ken Berniklau:

Harley

Gold Rocket | Satoshi Club:

Sounds brutal and beautiful

Mary | Satoshi Club:

Nice choice

Mary | Satoshi Club:

And let’s start with the news from Findora?

Gold Rocket | Satoshi Club:

By the way, since you love risk in sports, then it is close to you in crypto too?

Ken Berniklau:

We always manage our risk.

Matt Arney:

For sure — I’m less risk-averse than Ken I prefer mountain biking using pedal power

Gold Rocket | Satoshi Club:

That’s a great answer guy! So tell us about Findora’s new products, please!

Matt Arney:

Sure — let’s start with a high-level overview ok?

Findora set a goal to leverage blockchain technology in order to revolutionize financial services. We believe that the financial services industry infrastructure is outdated and needs to change.

We envision an open, fair, and transparent financial infrastructure that can serve billions of people, providing true financial democracy. In the future, we hope that Findora’s technology and its democratically run network will be the backbone of Web 3.0, providing the necessary transparency and protection for everyone. As far as “new” products we’ve been actively developing since we last met in 2019

Mary | Satoshi Club:

As I know, mainnet is near?

Matt Arney:

Back in August, we released our test-net allowing developers to get a better feel for Findora anyone can go to our website and sign up for this now. As for main-net, we are close — it will be released in Q1 but my lawyers won’t let me say exactly when.

Mary | Satoshi Club:

Are they still signing?

Understand

Matt Arney:

Yes, we have numerous developers signed up and the feedback has been great!

Gold Rocket | Satoshi Club:

Wow! Sounds great.

Mary | Satoshi Club:

As I know you had some partnerships recently?)

Gold Rocket | Satoshi Club:

A lot of work has been done and more to come!

Matt Arney:

Yes we have and this is part of my role at Findora as Head of Growth

Mary | Satoshi Club:

Congrats

Matt Arney:

Can you keep a secret?

Mary | Satoshi Club:

Yes, of course,

Satoshi Club is the best place to keep secrets)

Gold Rocket | Satoshi Club:

We love secrets at Satoshi club

Matt Arney:

Yeah, I figured that you only have 44,000 of your closest friends listening right?

Mary | Satoshi Club:

Not so many

Matt Arney:

We have signed ten MOUs that are in the queue to be announced just as soon as our PR teams can get them out. Among the newly signed partnerships are a large mobile payments company (processing over 40 million transactions daily!), a popular restaurant POS system, and a leading travel booking service. Our plan is to continue to expand our partner network and bring real-world solutions like these to an outdated financial services industry. Shhhh

Mary | Satoshi Club:

Wow, this impressive

(community, close your eyes

)

Gold Rocket | Satoshi Club:

this is an incredible secret !!! thanks for sharing!

Mary | Satoshi Club:

I see that you have rocket speed

Thank you for the great intro! And now I know our community is waiting for your answers to their questions

Mary | Satoshi Club:

Ready?

Matt Arney:

Yeah let’s do it.

Preselected questions about the Royal DeFi project.

Gold Rocket | Satoshi Club:

Q1 from Telegram user @nata_jakarta

Many projects have similar descriptions and features but I have seen that you want to bring some innovation. There is one thing I didn’t understand. Please elaborate on Zero-Knowledge Proofs (ZKPs) and why you decided to implement this

Ken Berniklau:

Thanks, @nata_jakarta for the question. For those that don’t know, a zero-knowledge proof (ZKP) enables one to convince others that a statement is true without revealing any information on why this is the case. For example, one may want to prove that a number lies in a specific range without leaking the value of the number itself.

Fedora’s features are enabled by a toolbox of highly efficient zero-knowledge proofs and other advanced cryptography including homomorphic encryption and authenticated data structures, specifically tailored to be as efficient as possible for our applications. Some are based on peer-reviewed inventions by Findora’s research team, such as Bulletproofs and Supersonic. In addition to built-in features, a general toolkit is provided to users and developers for flexible use of custom applications. Zero-knowledge proofs are the core technical tool behind many of the privacy, policy compliance, and selective disclosure features in Findora.

Mary | Satoshi Club:

Yes, that’s a great feature! Will your new partners use it?

Ken Berniklau:

Absolutely!

Mary | Satoshi Club:

Please, explain, on example for those, who are not so good in tech why. For example, the restaurant needs this? Just as example

Matt Arney:

For ZKP — Imagine there’s a door with a keypad lock next to it, and Bob is trying to persuade Alice that he has the correct password for the keypad lock. By unlocking the door with the keypad lock, Bob has given Alice a compelling argument of him knowing the password, without directly revealing what it is. In other words, Bob has convinced Alice that his statement about knowing the password is true, without revealing any additional knowledge about the statement.

To achieve privacy-preserving transparency, Findora uses these types of zero-knowledge arguments, or zero-knowledge proofs (ZKPs), to prove many complex statements without revealing anything about their contents. Decentralized exchanges, marketplace lending, investment funds, liquidity pools, payments, banks, and far more are all possible to be built as confidential, yet publicly auditable applications on Findora. The key especially right now is Auditablity Zcash, Monero and Dash aren’t auditable and they are in a bit of hot water.

Mary | Satoshi Club:

Btw, some of these coins have recently been delisted, aren’t you afraid that you will be considered a private coin?

Matt Arney:

Not really… Unlike privacy coins like Zcash and Monero, Findora is a smart contract platform with auditable privacy features.

Mary | Satoshi Club:

Yes, I hope for the best

and i think your lawyers know their work! Thank you, guys, for your answers! Ready to proceed?

Matt Arney:

Sure.

Ken Berniklau:

Yes.

Gold Rocket | Satoshi Club:

Q2 from Telegram user @tryharder

There are some rumors and FUD going around. I don’t believe everything is said but I think that we need an explanation to settle this once and for all. What has happened in your project? Why some members left and will this affect the future of the project

Matt Arney:

Ah, speaking of lawyers huh? @tryharder asks a serious question and we want to be very open and transparent with everyone.

Gold Rocket | Satoshi Club:

This is important in order not to lose confidence.

Mary | Satoshi Club:

Yes, it’s very serious and I know that a lot of people waiting for answers

Matt Arney:

Unfortunately, FUD seems to be a part of almost all projects in the industry including ours.

Matt Arney:

Findora is an open-source, investor, and community-owned platform poised to alter the trajectory of the global financial services industry. From day one, we’ve been transparent about our mission, partners, stakeholders, and assets on our website and have regularly communicated updates publicly through multiple channels. We’ve also let investors, developers, and end-users access the platform through our Testnet and explore the underlying technology for themselves. As mentioned before most of the feedback we’ve received on our Testnet has been extremely positive.

As for the misleading narratives being spread about the viability of the project, these are being maliciously circulated as a byproduct of a failed extortion attempt by former project collaborators. Findora does not comment on active or pending litigation out of respect for the legal process and confidentiality but a public copy of our complaint can be found online here:

https://html2-f.scribdassets.com/yh3vmyfuo8bz8bc/images/1-5c7752abc6.jpg

Mary | Satoshi Club:

By what percentage was the previous team changed? Can you answer this?)

Matt Arney:

I don’t want to duck the question but need to be very careful when answering due to constraints set by my lawyers — I can assure you we have a great team of engineers and product leaders actively working on mainnet now

Mary | Satoshi Club:

So, as I understand you can’t comment on this?

Matt Arney:

Findora has the exact leadership and staffing in place — consisting of leading experts in finance, cryptography, and decentralized projects — needed to execute our long-term vision. We can’t wait to share our platform with the world.

Mary | Satoshi Club:

Ok, I got this

Ready to jump to the next question?

Ken Berniklau:
Yes

Gold Rocket | Satoshi Club:

Q3 from Telegram user @ion_cristescu

I’ve heard that you raised a lot of money from different investors and partners. Can you tell us the total amount raised until now? Also, what is the revenue you plan to receive and from what sources

Matt Arney:

Good question @ion_cristescu

Findora is fortunate to be well-funded and has secured investments from reputable institutional investors including Polychain capital, Allchaineed, Krypital Group, Axia8 Ventures, Cabin VC, Power scale Capital, and Jack Lee as well as the community by large. The funding size is enough for Findora to aggressively develop the community and enterprise applications as an entire ecosystem.

Mary | Satoshi Club:

And as I understand you have a sale now? Or?

Matt Arney:

Yes, thanks for asking we launched our private sale last week, oops public sale.

Mary | Satoshi Club:

Is this true? That picture? Just $1mln left?

Matt Arney:

It’s a beautiful image but I can not comment on funds raised since we still have 4 days left in our public sale

Mary | Satoshi Club:

Is KYC required to participate?

Matt Arney:

Hey, I already gave you a secret earlier right?

Gold Rocket | Satoshi Club:

Yes! here is a safe place for secrets

Mary | Satoshi Club:

Yes

and it’s still a secret

Matt Arney:

Yes we have a formal KYC process — it is listed at info.findora.org

Mary | Satoshi Club:

Great! We will know now)

Gold Rocket | Satoshi Club:

You are smart guys!

Mary | Satoshi Club:

Thank you for sharing all info that you can share

Ready to proceed?

Matt Arney:

Yep.

Gold Rocket | Satoshi Club:

Q4 from Telegram user @Nhokmichio

Could you please tell me just a little more about the team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes.

Ken Berniklau:

Thanks for the question @nhokmichio Findora has great leadership and teams in place consisting of leading experts in finance, cryptography, and decentralized projects needed to execute our long-term vision. We’re thrilled to announce that Dr. Whitfield Diffie, Turing award winner and one of the most respected cryptographers in the world joined the Findora Project as a Senior Advisor. Among many things, Dr. Diffie is the Founder of Asymmetric Encryption and inventor of the “Diffie-Hellman key exchange” technique. We’re super excited to have him on board! Here’s a photo of Dr. Diffie along with Paul Sherer founding director of Findora’s Advanced Research Center. Details of many of our staff can be found at the bottom of info.findora.org We also have a large engineering and project team — many have chosen to remain anonymous and off LinkedIn to avoid FUDers and recruiters spamming them (trust me I get spammed daily and it’s no fun)

Mary | Satoshi Club:

Oh, I still can’t get used to the masks

Ken Berniklau:

RIGHT!!!

Mary | Satoshi Club:

But how big is your team now?

Ken Berniklau:

I like urs

Matt Arney:

Our team is over 70 people right now

Mary | Satoshi Club:

Wow! So big

Gold Rocket | Satoshi Club:

Amazing

Do you want to add something?

Mary | Satoshi Club:

And you have offices or work remotely?

Matt Arney:

Our HQ is in Palo Alto, CA close to all the action in Silicon Valley. We’re a short hop from Google, Facebook, Apple etc.

Mary | Satoshi Club:

Ha, you know places

Ready for the 5th questions, guys?

Matt Arney:

We have over 30 engineers dedicated to our project plus a team of project and marketing folks — most work remotely due to Covid-19 right now but the plan is to work from Palo Alto as soon as we get the vaccine

Ken Berniklau:

SURE

Gold Rocket | Satoshi Club:

Q5 from Telegram user @Eliasbb

I noticed that Findora has two tokens FRA (on Native Chain) and FIND (On Ethereum Blockchainchain). My question is why you created Findora on Two Blockchain? What will be the difference between these two? Will the Total be different on both chains? And What are the advantages of using two Blockchain at the same time?

Ken Berniklau:

You did good research @Eliasbb — FIND was the former ticker that we used for the Findora token while still in the planning stages. We decided to change the name to FRA after discovering FIND was unavailable. FRA is required for access to its core features and functionalities, including staking, governance, payment for transactions, privacy-enhancing features & access to advanced financial application building tools, and other services. For more info on FRA please go to info.findora.org

Mary | Satoshi Club:

But did you still have FIND tokens on ETH? Or they are useless?

Matt Arney:

Honestly, I haven’t seen them on ETH but will ask the team. It’s likely someone else ticker. Ours is FRA

https://esatoshi.club/wp-content/uploads/findora-token-1024x576.jpg

https://esatoshi.club/wp-content/uploads/findora-soldout-169x300.jpg

Matt Arney:

(btw — shameless plug two of our options are sold out right now)

Mary | Satoshi Club:

Wait, is something still available?

Another round?

Matt Arney:

Yes, details are available at info.findora.org

Mary | Satoshi Club:

Congrats with successful round

Matt Arney:

Uh, to clarify this is same round don’t want anyone to understand

Mary | Satoshi Club:

And ready for the 6th and last question from this part?

Matt Arney:

Sure

Gold Rocket | Satoshi Club:

Q6 from Telegram user @meml97

What kind of industries are you trying to get to? What partnetships and investors are you aiming for, and why?

Matt Arney:

Thanks for asking @meml97 — as mentioned before we have signed a number of deals in the last 60 days that we plan to announce soon. In July of last year, we announced a partnership with Tencent Cloud that enables us to provide the world’s first confidential ledger products on top of Tencent Cloud. The integration supports encrypted transaction and asset issuance, processing, verification and storage.

Mary | Satoshi Club:

I remember i asked on previous AMA and ask once again — what is your priorities? Enterprises or private persons? Did something change?

Matt Arney:

Currently we are focused on the enterprise however private developers are welcome to sign up and test out our platform too

Mary | Satoshi Club:

So, changed

Alright, thank you for your answers

Matt Arney:

Thank you!

Mary | Satoshi Club:

Ready to start with the live part? Storm, hard rain of questions?)

Ken Berniklau:

Let it rain!

Mary | Satoshi Club:

Let’s go

PART 2.Questions about the Findora project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Royal crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q — 1 from a telegram user @DiegoRME

Is your FRA token still available to buy at your preale? And if it is still available at what price is 1 FRA token and in which asset can the purchase be completed?

Matt Arney:

FRA is still available — please go to sale.findora.org for detailed info on this

Q — 2 from a telegram user @azrayeni

How does signing up for the Findora testnet works? Do you have any bounties for developers joining the testnet? Thx.

Matt Arney:

Findora (https://findora.org/testnet/)
Testnet — Findora

Q — 3 from a telegram user

@boradam

Can you tell us the unique feature that your project has and implemented but others don’t have?

Matt Arney:

Findora (https://findora.org/testnet/)
Testnet — Findora

Q — 4 from a telegram user @vedamatrix

How is the speed of Findora project right now? Can you compete with other projects when it comes to speed?

Matt Arney:

I love the Matrix — our testnet launched in Aug and mainnet in Q1 — that’s pretty fast isn’t it for an ambitious project like ours?

Q — 5 from a telegram user @BboyForteVZLA

I understand that your current team is made up of 70 members but can you tell me if you plan to increase it and how would it be affected if it decreased? And how likely would it be?

Ken Berniklau:

YMBB, we’ve been ramping for success. As Matt mentioned, Mainnet will be made available in Q1

Q — 6 from a telegram user @Xusuo

So what is Findora different than other networks like
#Monero, #Dash, or even with #ETH? What is the most specialty from Findora that others don’t have?

Matt Arney:

Findora’s tokens are auditable. Others are not Privacy-preserving coins on Findora support smart contracts. Others do not.

Q — 7 from a telegram user @eberthFC

from one to ten how safe is Findora? and why should I trust it?

@KenB7:

Eberth, since the privacy on a blockchain is guaranteed, we can break the data silos: even competitors can do transactions on the same Findora blockchain without being worried that they can see each other’s business secrets.

Q — 8 from a telegram @tuvalunia

Have you had your project audited by an independent party?

Matt Arney:

We were just audited recently — https://findora.org/2021/01/findora-code-audit-report/

Q — 9 from a telegram user @BboyForteVZLA

Can you give me more information about FINDORA WALLET? Is it the typical wallet or does it have something that differs from the others? How many blockchain networks does it allow or is it exclusively for your mainnet?

Matt Arney:

https://wallet.findora.org/

Q -10 from a telegram user @Spott

What does it take for a developer to build on FINDORA platform?

Ken Berniklau:

Forte, visit FIndora.org for information to register and access tools for testnet. Mainnet will be developed in this manner with STK available.

Part 3 — Quiz about project

In the final part, a quiz was held in terms of the Findora project. The 4 questions were prepared. Participants had 10 minutes to answer. The 300$ was distributed between the winners.

Our contacts for more details:

English Telegram group | Russian Telegram group | Spanish Telegram group | Telegram Channel | Twitter | Website

Our Crypto Partner by this AMA: Findora

Telegram group | Telegram anons chanel | Tweeter | Website | Medium | Discord

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