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GooseFX x Satoshi CLUB AMA Session 11 October 2021

PART 1. Introduction of GooseFX project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about the GooseFX.

GooseFX is a full suite DeFi platform built on the Solana blockchain and Serum DEX, offering a variety of unique decentralized peer-to-peer financial products.

GooseFX Platform Key Features:

Active Development:

  • Decentralized trading of tokenized stocks and futures
  • NFT Marketplace — NFT portfolio cross collateralized with trading platform

Future Enhancements:

  • First ever single sided liquidity pools on Solana
  • Decentralized trading of derivatives (stocks, crypto, etc.)
  • Variety of decentralized options contracts (exotic + vanilla)

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Gold Rocket | Satoshi Club — @GoldRocket27

Jonah

| Satoshi Club — @Jonahapagu

The Representative of the project:

Antimatter — @boardwalk — A core contributor with the GooseFX project.

Goose Wayne — @usgoose — software engineer and entrepreneur

Introduction of GooseFX project.

Gold rocket | satoshi club:

Hello again, dear satoshi club community! We are pleased to announce ama with Goosefx. Today our guests are @boardwalk @usgoose @harmeetd

Hello and welcome to satoshi club, guys

Jonah

| satoshi club:

Hello guys welcome to satoshi club

Antimatter:

Hello satoshi club community! Its great to be here

Jonah

| satoshi club:

We are all pleased to have you here

Goose wayne:

Hello everyone!

Gold rocket | satoshi club:

How are you doing @boardwalk @usgoose @harmeetd

nice to e-meet you

Goose wayne:

Great, glad to be here

Gold rocket | satoshi club:

Thanks for joining guys!

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

Antimatter:

hey, i am antimatter. A core contributor with the Goosefx project. Ive been in crypto since 2013, met some of the team during the solana hackathon earlier this year and we started talking about what is lacking in the solana ecosystem and felt like we could offer a unique take with our extensive crypto knowledge and experiences. So we banded together and started networking to get the Goosefx project started.

Gold rocket | satoshi club:

Wow! Great background

Goose wayne:

I first heard about bitcoin back in 2011 when you could mine it on an intel i3 laptop cpu using cgminer right around the time slushpool launched! Background in computer science and learned about eth back in 2016 starting learning solidity in 2017. Evaluated dozens of blockchains since then and found solana to be the most capable (speed/scalability/fees) so decided to start Goosefx!

Goose wayne:

I believe we are in a golden area of innovation when it comes to defi and we’ve only begun to explore what is possible.

Gold rocket | satoshi club:

Turns out the founders of the Goosefx are the early early birds

Jonah

| satoshi club:

Exactly we are all excited to see what the future holds for defi

Gold rocket | satoshi club:

Indeed. We are still at the beginning of the road

a lot of work, and even more opportunities

Give us a brief introduction to the project. What is the essence of Goosefx

Goose wayne:

So, our vision for Goosefx is to be a one stop shop for all your defi needs. We envision a platform with a superior user experience where you can trade crypto/stocks, take those profits and buy an NFT, or stake at our liquidity pool — all in one convenient area

We are working on some innovative stuff as well such as collateralizing NFTs to use on our platform to trade.

Gold rocket | satoshi club:

Tell us about the benefits of Goosefx. How is it different from others?

Goose wayne:

Sure, we’re definitely the only platform (we’re aware of) that is working on tokenized stocks and single sided liquidity pools. As far as the crypto trading + NFTs, we are reviewing feedback from the solana ecosystem and improving on the pain points we have found to make a better user experience for crypto & tradfi people alike.

As we build out the alpha versions of the features, we will continue to progress, listen to our users feedback, and cater to what they want!

Jonah

| satoshi club:

So why choose the name Goosefx?

Gold rocket | satoshi club:

yes, it’s interesting

Goose wayne:

There actually isn’t much background on the name other than a nickname of a founder. I was working on something in Solana as a side project in my free time and just picked a name and grabbed the twitter/discord and in a couple weeks we had massive interest. Things started getting more official and i recall the Solana founders didn’t want projects to have “sol” in their name, so we stuck with Goosefx. The way we see it is goose financial exchange

Gold rocket | satoshi club:

Also, we would like to know more about your team. Who is on the project team core? I like it. Simple and original

Jonah

| satoshi club:

Yeah, it is.

Goose wayne:

The core contributors have been in the crypto/fintech space for a while now. Majority of the team comes from a computer science background as engineers. Our combined technical experience is over 30 years. Our lead developer has 7 years of rust experience which is a rare thing in solana to see

Gold rocket | satoshi club:

Is your team anonymous?

Goose wayne:

Yes

Jonah

| satoshi club:

Awesome

Gold rocket | satoshi club:

Thanks for great introduction, we have several questions which were selected for the 1st part. Ready to start?

Goose wayne:

Let’s do it!

Preselected questions about the GooseFX DeFi project.

Jonah

| satoshi club:

Q1 from telegram user @nataliyakil

Submissions for the Goosefx mascot contest close today. You say you want to find an attractive goose to join you on your mission to the moon and beyond! Looking for a new Goosefx logo? So, for what purpose was this competition organized and why did you choose discord to receive applications? Who can take part in the competition, what conditions must be met and what are the basic requirements for goose mascot? How will the winners be determined, how many prizes will there be and what awards await the winners?

Antimatter:

We arent necessarily looking for a new logo. We are truly looking for a mascot for memes, stickers and other graphic media to promote the project in a fun way. We mainly operate our project out of discord as it has become a standard for community interactions within crypto. We have some basic requirements for the mascot, as in, Goosefx / Solana colors, mascot likability. This is more about giving the community a chance to interact with the team in a fun way and win some prizes.

The team will select top 3 prizes, those are $500, $300, and $200 respectively.

That being said, we will extend submission period for the contest until 10/11 12pm. Make sure to jump into the discord and submit through the submit-here channel.

Jonah

| satoshi club:

I’m sure our members will want to join this

Gold rocket | satoshi club:

Thanks for the information. Give us a link to the discord please

Antimatter:

Discord invite: https://discord.gg/vf63jpzt

Goose wayne:

All official links can be found on our website https://goosefx.io/

Gold rocket | satoshi club:

Join satoshi clubbers! Don’t miss great opportunity

Jonah

| satoshi club:

Thank you for sharing

Gold rocket | satoshi club:

Thanks for your great answers! Do you want to add something or we can proceed to the next question?

Goose wayne:

We can go to the next question

Jonah

| satoshi club:

Q2 from telegram user @pavel_jarosh

With the tremendous success of some NFT projects early on, many users have become priced out of owning an entire piece of certain collections. Whether it be an ape, rock, punk or robot Goosefx wants to enable fractionalized ownership in the ecosystem allowing users to own a portion of these highly sought after NFTs. Please explain why do you think this initiative might be succcessfull if the principle of NFT is “to be unique” and normally one NFT is not supposed to be owned by multiple users? How the resale of NFT will work in this case? Can the holder of one part of NFT sell his part if the second owner is against it? Thank you!

Harmeet | Goosefx:

Q2- NFTs are in an interesting space and we are closely monitoring the evolution. Currently we are planning on launching our NFT marketplace which will allow users to mint and buy NFTs. The discussion regarding fractionalizing NFTs is underway and the team will focus on this problem once we are further into our roadmap.

Jonah

| satoshi club:

When do you intend to launch the NFT marketplace?

Goose wayne:

We would like to be fully operational by end of November

Antimatter:

NFT fractionalization does open up some more complicated functionality for what we are trying to build now for our platform. We definitely want to consider it as an option in the future, but we want to nail the basic functionality for the marketplace before we take on those more complicated tasks.

Goose wayne:

For now, we are focusing more on collections rather than fractionalized pieces.

Gold rocket | satoshi club:

Oh! It’s very soon

Jonah

| satoshi club:

Great. Can you share your roadmap with us?

Goose wayne:

So currently we are releasing the tokenized stocks alpha this month. Simultaneously we are building the back+front end of the NFT store. We are also working on spot trading + perps using serum DEX. The last feature we will implement will be the single sided liquidity farming (tbd)

We’ve got quite a lot of things on our plate right now but are progressing on time.

Gold rocket | satoshi club:

I think it’s great when you manage to move according to the plan. And we have next question according to plan. If you don’t mind of course

Goose wayne:

Sure

Jonah

| satoshi club:

Q3 from telegram user @billz120

Goosefx (the gfx vision) — on financial freedom globally, we understand your long term vision is to provide financial freedom and equal market access to users around the world ; with the the believe that decentralized finance protocols and products will overtake their centralized counterparts in the next 5+ years and intend for gfx (Goosefx) to be the premier destination. Now could please tell us who are curious about gfx vision on the blockchain how you intend to provide financial freedom to users? What are the programs you have in stock for users in your ecosystem like in others wherein it may be a gamefi, p2p, etc? How is the structure of your tokenomics? Pl tell us

Harmeet | Goosefx:

Q3 — Goosefx will enable users to participate in defi applications with lower fees compared to other blockchains. This will allow users to perform more transactions, place more trades, provide liquidity to more pools, etc. By allowing users to comfortably interact with the platform without having to worry about large transaction fees we will enable users to build wealth. We at Goosefx all believe in financial freedom and independence and are striving to deliver the best user experience in order to turn that dream into reality!

Jonah

| satoshi club:

Can you share your tokenomics with us?

Antimatter:

Initial circulating supply is around 91mm tokens. Approx. 13% of total supply.

Gold rocket | satoshi club:

Thanks for sharing

And thanks for your answers. Ready for the next question?

Goose wayne:

Yup!

Jonah

| satoshi club:

Q4 from telegram user @dk177

From 2022, you have planned to enhance Goosefx by introducing markets for tokenized stocks, defi derivatives and forex. Why did you choose these three particular fields? Please explain in a nutshell about your goals for each sector. Are you going to initiate these three markets at the same time or do you wish to develop them gradually? What type of benefits do individuals involved in aforesaid sectors receive through joining your project?

Harmeet | Goosefx:

Q4 — the Goosefx platform will offer a full-suite of defi applications to its users. The goal is to simplify the user experience by allowing users to trade, stake, and interact with NFTs all on one platform. We targeted these three sectors as they have a large number of uses that would benefit from these features. Tokenized stocks are increasing in popularity as a concept and defi derivatives offer multiple use cases including hedging strategies which can lower risk for users. We welcome the feedback of the community and will make enhancements based on user demand

Antimatter:

Users that join the Goosefx community and own the gofx token will be able to utilize the unique benefits that the platform offers for token holders, such as platform governance, staking, lping, and collateralizing for our other trading products.

Jonah

| satoshi club:

How will your platform governance work?

Antimatter:

Gofx token holders will be able to participate in steering the project forward. Including what markets to support and functionality to develop next.

Goose wayne:

Eventually we’d like to transition the project to a dao.

Gold rocket | satoshi club:

Great idea

Jonah

| satoshi club:

Excellent

Gold rocket | satoshi club:

Thanks for your answers

Ready for the next question?

Goose wayne:

Yes!

Jonah

| satoshi club:

Q5 from telegram user @cheriemike

You made mention that Goosefx platform is not immune to security issue like from hackers or other malicious groups or organisations etc.you also mentioned thatthere is a risk that a third party or a member of the company, the distributor or their respective affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure of gofx and/or the Goosefx platform, which could negatively affect gofx and/or the Goosefx platform.my question is,does that mean you don’t have any security measures to at least reduce that to some extent?can you also tell the level of trust and transparency that is found among your team to avoid any negativity that will weakened or hinder the group of your platform?

Goose wayne:

The Goosefx platform highly values security and ensuring a great user experience for all users. The team has decided to enlist halborn as our primary audit partner in order to prevent malicious actors and hackers from exploiting vulnerabilities in the smart contract design. Halborn has a strong track record of assisting projects navigate this landscape and we are happy to have such a great partner in the space. In fact, they liked our code so much they decided to become investors!

Regarding the security of the platform: we will open a bug bounty program and features after beta will become open source so users can peer review and point out any potential flaws.

Jonah

| satoshi club:

Oh wow. That’s great i must say. Will you carry out more audits?

Goose wayne:

Yes, as we get closer to beta

Antimatter has a background in cyber security, so he keeps us up to date with any zero days/exploits in the ecosystem.

Jonah

| satoshi club:

Oh, i see. Good job guys

Antimatter:

very safu

Gold rocket | satoshi club:

Safety first

bravo guys

Goose wayne:

Always

Gold rocket | satoshi club:

Thanks for your answers! Let’s proceed to the last question of this part

Jonah

| satoshi club:

Q6 from telegram user @victorogb

One of the ecosystem advantage of the gofx token, is that it functions as a loyalty membership point, where the direct actions of staking and use of gofx will categorise users into different loyalty tiers. As this attribute tends to confer governance privileges on users, may we know the various loyalty tiers available and what are the minimum token staking requirements for each tiered level? What kind of privileges are available to members of the various tiers, and would Goosefx permit members to ascend within the various tier levels, and what are the limits to the kind of influence and decisions members are allowed to have in the platform?

Harmeet | Goosefx:

Q6 — staking gofx will have multiple use cases as an utility token. The first use case will be to stake gofx in order to participate in minting tokenized stocks and earning staking rewards. Users will receive staking rewards proportional to the amount of gofx staked. When a user deposits more gofx they will automatically begin receiving more staking rewards.

Goose wayne:

Happy to answer any further questions

Jonah

| satoshi club:

Is there a fixed amount to what a user can be able to stake?

Goose wayne:

At this point there is no restriction. If you are referring to governance, those details have not been drafted at the moment.

Gold rocket | satoshi club:

Rather detailed answer. Thanks. I would like to ask if you have any ambassador programs for the community?

Goose wayne:

We haven’t set one up yet..we will look into after beta release as we start onboarding more users

Right now our main focus is on development and releasing our core features

Gold rocket | satoshi club:

Remind our satoshi clubbers of your social media links

Telegram chat: https://t.me/Goosefx

Twitter: https://twitter.com/Goosefx1

Discord: https://discord.com/invite/sqcnxqrptx

For all inquires visit our website.

Docs: https://docs.Goosefx.io

PART 2.Questions about the GooseFXproject 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 GooseFX 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 @SHELBYWINAMA

I read that you gave the community the opportunity to interact with the team in a fun way and win some prizes. I want to enter the GOOSEFX project logo creation contest. but i don’t know where i can send my logo result. So Can you tell me where can I send my logo result?

Goose Wayne:

Hi, please review here for more info on the contest: https://twitter.com/GooseFX1/status/1447246936189325313?s=20

Q — 2 from a telegram user @leixagarcia

You say that the GooseFX platform will launch with a commitment to donate 1.5% of all platform fees to charitable causes, to what charitable causes will they be donated? Will donations be made upon reaching a specific amount? How often will these donations be made?

CGoose Wayne:

We will probably aim to do these donations quarterly. We haven’t decided which causes to support yet but we are open to community feedback

Q — 3 from a telegram user @Asela1112

What kind of NFT marketplace will you integrate to the GooseFX ecosystem, Will it be supportable multi platform’s NFTs such as Opensea, Rarible etc..?

Goose Wayne:

This is definitely something we are considering by integrating Wormhole to port users from Ethereum to Solana. We believe in an interoperable future.

Q — 4 from a telegram user @Rinkus987

You Core features is “SINGLE SIDED YIELD FARMING ” , Can you please brief me More about this type of Farming and How the User will get benefits by this?

Harmeet | GooseFX:

Single-sided liquidity will allow users to participate in yield farming with just one asset. Similar to a two asset model where users have to maintain a ratio of both assets and will suffer IL when the ratio changes users will maintain 100% exposure to the price changes in the single asset they provided.

Q — 5 from a telegram user @Gutike95

I could see that one of its future improvements will be Variety of decentralized options contracts (exotic + vanilla), but could you really tell us more about them? really what contract options will be? And how will they benefit in trading operations in derivatives, stocks and more?

Goose Wayne:

Right now we are thinking of vanilla options. A unique twist we have is that we were chatting with the PsyOps team last week to roll out tokenized stock options.

Q — 6 from a telegram user @surendra040

How can an interested user participate on meme and stickers contest?Can you provide me some guideline to follow and detailed announcement?

Goose Wayne:

Please join our discord in order to receive all announcements regarding contests and how to participate.

Q — 7 from a telegram user @KASG95

I could read that they have completed great technical work on their platform, as well as the launch of the Alpha, but are their contracts really fully audited? If so, what results did it yield and what was the company that audited them?

Goose Wayne:

Halbornn is doing an audit as we speak, we will release the audit certificate when it is finished.

Q — 8 from a telegram user @victorogb

From your roadmap, it shows that you are currently running an open Beta Testing for your tokenized Stocks and NFT marketplace. May we know if we could still partake in this testing phase? If possible, what are the necessary steps and appropriate hardware requirements?

Goose Wayne:

NFT store is under development right now. Should be up within the next 30–45 days and it will be open to users to review and test. Tokenized stocks alpha are coming this month.

Q — 9 from a telegram user @Gemshunter22

I couldnot find official whitepaper of your project. Can you please provide it and mention some features of your project that why investors should invest on it?

Goose Wayne:

Hi, the website has all the official documentation. https://docs.goosefx.io/

Q -10 from a telegram user @Nonerlike

How could a new user who are new to crypto and your project can know more about it?Is your project suitable for beginner and new trader?

Goose Wayne:

We are building the platform to be extremely user friendly. It will be easy to trade for beginners as well as more advanced order types for experienced traders

Q -11 from a telegram user @doithay1617

Why did GooseFX choose to build on Solana and not Polygon, Ethereum or Binance Smart Chain (BSC), Harmony,…?

Harmeet | GooseFX:

We chose to build on solana because of the high transactional throughput of over 50,000+ tps, fast block times (400ms) and the high level of development compared to other blockchain solutions!

Part 3 — Quiz about project

In the final part, we tested the knowledge in terms of the GooseFX project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 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: GooseFX

Telegram group | DOCS| Medium

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Satoshi_storyteller

Storyteller for Telegram community @satoshi_club