IDoge x Satoshi Club AMA Recap from 5th of June
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 IDoge and our guest was @theharryvoice — representative of IDoge. The AMA took place on 5th of June.
The total reward pool was 1000$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Gold Rocket | Satoshi Club:
Hello, dear Satoshi Club community! We are pleased to announce AMA with IDoge.
Today our guest is @theharryvoice!
Andrés M. | Satoshi Club:
@theharryvoice welcome to Satoshi Club.
Harry (@theharryvoice):
Hello.
I am ready.
Andrés M. | Satoshi Club:
Hello there, how are you today?
Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, @theharryvoice!
Harry (@theharryvoice):
Thank you for having me
Glad to be here.
Andrés M. | Satoshi Club:
It is an honor for us to have you here. We are so excited for this AMA session!
Gold Rocket | Satoshi Club:
We are also very happy to have you here and very excited about the upcoming AMA
Harry (@theharryvoice):
Definitely, so shall we start?
Gold Rocket | Satoshi Club:
Let’s start!
Introduce yourself, please. How did you get to be involved in crypto & IDoge?
Tell us please about your position IDoge?
Harry (@theharryvoice):
Influencer Doge (iDoge™) is a BEP-20 utility token that intends to produce easy passive income for our token holders by developing various profit-generating businesses in an assortment of different industries, such as art, clothing, entertainment, gaming, and software development.
My name is Harry. I am the Chairman of the Board of Trustees, on top of being the Main guy for iDoge, I am also a social media influencers
Gold Rocket | Satoshi Club:
Sounds great
Nice to meet you Harry
Andrés M. | Satoshi Club:
Where is the project-based? Where are you from Harry?
Harry (@theharryvoice):
Here are my profiles.
The project is based in Los Angeles, California.
Many other influencers have already joined the project.
Gold Rocket | Satoshi Club:
So you are a real influencer
Harry (@theharryvoice):
Like very real.
You cannot find someone more real than ne…lol.
Also, our board members are real as well.
All of them have a following of their own.
Andrés M. | Satoshi Club:
That explains the 30k members number of your Telegram group
Harry (@theharryvoice):
That, and.
We actually did a huge airdrop.
Andrés M. | Satoshi Club:
That’s great, not anonymous team. Btw, how did you choose the name of the project? Why IDoge?
Harry (@theharryvoice):
We believe in transparency.
iDoge is a catchy name, on top of that, we are Influencer Doge because real influencers are involved and invest into it as well.
Gold Rocket | Satoshi Club:
Tell us about the benefits of IDoge. How is it different from others Doge projects?
Harry (@theharryvoice):
At iDoge, we believe in rewarding our tokenholders, we want to become a profitable business, which I already planned all out. From influencer websites/merch to production companies, streaming services, etc.
Gold Rocket | Satoshi Club:
Does community activity affect the final product?
Harry (@theharryvoice):
Those are archivable because we have the knowledge and expertise to execute the plan.
Yes, the community is a big part of our project.
Andrés M. | Satoshi Club:
We love airdrops as well, how to join and when will you have another airdrop?
Harry (@theharryvoice):
We are kinda like a public-trade company
As board of trustees, we are responsible to all of our token holders.
You invest into us, we work for you.
Gold Rocket | Satoshi Club:
Thanks for the introduction, we will have a question selected for the Part 1. ready to start?
Harry (@theharryvoice):
This is what separates us from other meme tokens
We are here to make money for our tokenholders.
We are transparent.
We have an actual plan to profit.
Of course
We have built-in marketing already.
So the sky is the limit.
Andrés M. | Satoshi Club:
Great job.
Harry (@theharryvoice):
Yea, go ahead with the questions
Q1 from Telegram User @Cheriemike
Two things are confusing to me from your medium, i notice
things. First, you said iDoge will be the first ERC-20 token to operate a production company that develops shows to be broadcast on major streaming services.Second, Influencer Doge (iDoge™) is a BEP-20 utility token that intends to produce easy passive income for our token holders by developing various profit-generating businesses in an assortment of different industries, such as art, clothing, entertainment, gaming, and software development. My question is, Is iDoge using these 2token? And if I want to invest, which is preferable to use is it ERC AND BEP-20 token?
Harry (@theharryvoice):
So there are couple parts in this questions: 1. iDoge was originally an erc-20 tokens, but we have to abandon erc-20 and do the swap because of gas fee is too high and VB sold one of the memetokens for profit which break the trust of the eth community, he was supposed to be a referee and obviously he didn’t do his job. 2. iDoge is technically a separate project from ERC-20 tokens. But most of the ERC-20 iDoge holders got swapped from ERC-20 to BEP-20.
Basically, the original erc-20 token holders were the “pre-salers”.
Also
We are no longer recognized the ownership of ERC-20 tokens.
The reason that project still exist is because of the liquidity lock that was put in place.
We cannot take the liquidity out from ERC-20 tokens until the lock expires.
Andrés M. | Satoshi Club:
Will you bridge IDoge with other chains into the near future?
Harry (@theharryvoice):
Right now we are going to focus on getting us on major exchange first.
If iDoge ever going to bridge, it will probably be an IDO for projects under iDoge operation.
Gold Rocket | Satoshi Club:
What exchanges are you considering now?
Andrés M. | Satoshi Club:
Yes, how to buy IDoge token right now?
Harry (@theharryvoice):
Right now we are engaged with hotbit, and others I cannot say because of NDA.
Harry (@theharryvoice):
We are on Pancakeswap.
Andrés M. | Satoshi Club:
We understand, professional secret.
Harry (@theharryvoice):
Yea.
Gold Rocket | Satoshi Club:
Hotbit and pancakeswap are great choices!
Andrés M. | Satoshi Club:
Thanks for your answers Harry, ready for the second one?
Gold Rocket | Satoshi Club:
Thanks for your answers! Are you ready for the next question?
aww
Andrés M. | Satoshi Club:
Harry (@theharryvoice):
Of course
Q2 from Telegram User @h1drX
On your website you say that iDoge can become a widely accepted token as a form of payment by many e-commerce stores in the next 12 months, does this mean that the iDoge token could be a form of payment on platforms like Amazon? Is there any progress on this issue? Also, it struck me that iDoge is run by influencers, what does this mean? What relationship does iDoge have with influencers?
Harry (@theharryvoice):
All of our Influencer’s Merch Store will be accept iDoge as a form of payment. the technology has already been exist for a while. But somehow only a few people know about it. Believe me, it is strange.
Once other eCommerce stores see iDoge is accepted, they will be more than likely adopt us as a form of payment as well.
Gold Rocket | Satoshi Club:
Maybe not enough marketing?
Harry (@theharryvoice):
Amazon is down the road.
We have to do it step by step.
But what I can tell you is.
We will be wildly adopted by many small businesses.
We are going to demonstrate it can be done.
Especially with WordPress/woo-commerce run websites.
So about relationship between iDoge and Influencers.
- I am well-known around all the US Influencers
Andrés M. | Satoshi Club:
That’s the way to increase adoption, excellent
Gold Rocket | Satoshi Club:
I think this is not a bad strategy.
Harry (@theharryvoice):
- Other members of the board of trustees are influencers
We are regular among all the influencers
Which mean
We can leverage our relationship with other influencers just because of who we are as a team.
What I want to add is, majority of the functional small business ecommerce websites are wordpress/woocommerce websites.
As I have said previously, the technology to adopt tokens as a payment has already been existed.
Just only few people knows about it, which I am surprise.
Also, we have a meetings.
With most of the top crypto tiktokers just yesterday in Miami.
Andrés M. | Satoshi Club:
Like whom?
Harry (@theharryvoice):
Gold Rocket | Satoshi Club:
Sorry. I had a problem with internet connection.
Harry (@theharryvoice):
Macncheeasy, Austin Rutherford, Blockchain Boys
Joshua Jake
Yes, I am in Miami attending Bitcoin Conference
Right now sitting at my hotel room talking to you all…
Gold Rocket | Satoshi Club:
What a warm meeting friends
Harry (@theharryvoice):
Right after this I will be heading to the conference to conduct more business meetings
For iDoge
Andrés M. | Satoshi Club:
That’s great! Maybe some of our Satoshiclubbers on Miami can know you there
Harry (@theharryvoice):
Def
Just let me know.
Gold Rocket | Satoshi Club:
Thank you very much for sharing with us.
Harry (@theharryvoice):
@theharryvoice
Thats my telegram.
Andrés M. | Satoshi Club:
Thank you Harry, will be great to have a pic with you.
Harry (@theharryvoice):
My honor.
Gold Rocket | Satoshi Club:
Teg #SatoshiClub in your Instagram page
and maybe someone will find you
Harry (@theharryvoice):
Likewise.
Gold Rocket | Satoshi Club:
Thank you very much for your answers! Ready for the next question?
Harry (@theharryvoice):
Yea
Q3 from Telegram User @Highpee
In Quarter 4 of this year, you are going to launch a feature which you called Secret Project Launch. I have been thinking aloud to really understand what this function will be used for. I know that in Q3, you will have launch the iDoge foundation which will act as an incubator that select startup project to offer guidance and invest in. So, is this feature related to it? Or is this a launchpad? Why will the project launch be secret? What type of projects will be launched this way and what benefit will your ecosystem derive from the take-off of this function?
Harry (@theharryvoice):
Secret Project will be something that going to blow everyone’s mind. I cannot say much details about it. But that project already have 10 patents and will be very profitable within the next 2 years.
For iDoge foundation, what this is going to do is to invest in aspiring entrepreneurs have incredible ideas.
Basically we are just going to be like launchpad, or shark-tank.
But we are not limit ourselves to crypto only.
Gold Rocket | Satoshi Club:
Even though it’s a secret, we’re still waiting for a hint
Harry (@theharryvoice):
We want to invest in anything that is promising and have clearpath to profit.
Andrés M. | Satoshi Club:
It sounds exciting.
Harry (@theharryvoice):
A steaming services
That is the ultimate answer to decentralize.
In another word, Netflix and Hulu is going to hate me a lot…lol.
Gold Rocket | Satoshi Club:
It’s a very promising direction today
It is not easy to be an influential person
Harry (@theharryvoice):
Not only that
We want to open the process to other production companies to be able to have their own channel under the streaming services.
And they will have total control of how much they can make.
Anyways, thats all I can say for now.
Andrés M. | Satoshi Club:
Btw, please share with us your whole roadmap
To know what else is coming.
Harry (@theharryvoice):
In Q2, early Q3, we will be start opening a lot influecner merch store.
And in Q3, we will be open our NFT Marketplace. also launching our productions company.
As well as Influencer Marketing Agency.
Those are profitable by itself.
We are going to be ready for the Holiday season.
A lot of profit to be made.
and it is going back to the tokenhodlers.
We are planning to pay dividends for the first time in Q1 2022.
Gold Rocket | Satoshi Club:
Sounds great
Thanks for your answers! Ready for the next question?
Harry (@theharryvoice):
Yes.
Q4 from Telegram User @andrey_seleznov
Hi iDoge!
I see in the tokenomics chart that 52% of the total iDoge token supply are Investor or Influencer investments and that this liquidity is locked at Team Lock with renewal of the lock every 30 days. Can you share some details about these early investors and influencers who supplied this liquidity are they random people or close friends etc involved in the project? How was the presale done and why lock renewal each 30 days, why not simply lock it for 10 years or so without renewals?
Harry (@theharryvoice):
The reason of why every 30 days is we want to see where we are going to stand, and then determine the course of actions, more than likely, 98.5% of the currently locked tokens will be back into the lock again.
Most of the liquidity are from ERC-20 token holders.
and,
There are only 3 of us that owns most shares in the lock. It’s myself, lakota, and Christ
Chris
So it is easy for us to make the deal and going back to relock.
Also, the reason we have to review every 30 days is
We may need to put our own holding into exchanges.
Also,
We know who owns the top 40 wallets.
So it is easy for us to track who sold or not.
Andrés M. | Satoshi Club:
Interesting, btw what is the max supply?
Harry (@theharryvoice):
10billion total supply
15% burned
And currently 28.8% locked.
But we will continue to lock most of it and Chris the whale will agree to lock for a longer period as we make a lot of progress.
So am I , and Lakota.
Gold Rocket | Satoshi Club:
Thank you very much for the detailed answer
I suggest moving on to the next question!
Andrés M. | Satoshi Club:
Great choice.
Harry (@theharryvoice):
Yes.
Q5 from Telegram User @GauravSinghGill
As you have many plans to make iDoge grow. Hopefully, we can see iDoge on many exchanges in no time.
But can we see iDoge having it own Android/iOs applications? Can we see iDoge as currency used for buying products from grocery stores to buying cars ?
Can we expect iDoge launching some electronic products of its own with the brand name iDoge on it ?
Harry (@theharryvoice):
Right now, we are going to focus on web application, because this is what we are best at. But once we can prove our capability, we will start developing Andorid/IOS applications.
We just need to do it step by step.
We rather to underpromise and overdeliver.
Andrés M. | Satoshi Club:
That’s the correct way to work
Gold Rocket | Satoshi Club:
This is a great strategy and it will pay off.
Harry (@theharryvoice):
Thank you.
Gold Rocket | Satoshi Club:
Ready for the last question of this part?
Harry (@theharryvoice):
Yes
Go ahead.
Q6 from Telegram User @NataliyaKil
According to the Q4 roadmap, you had a Hardfork planned (Creating a new token that represent the ownership of both iDoge INC Owners and iDoge Tokenholders). But when I went to your site again, I found that this item was excluded. Tell me, why did you decide to hard fork earlier, but now you have given up? What was the purpose of your hard fork, what token were you planning to create and for what purpose? Have you completely abandoned this, or have you just postponed the process for a certain period of time?
Harry (@theharryvoice):
We already hardfroked
We have to move it now because of what VB did to the ERC-20 community couple weeks ago.
Also,
We have done the swamp with all the original erc-20 tokens.
This is why we didn’t have an actual pre-sale.
ERC-20 holders were the pre-salers.
Andrés M. | Satoshi Club:
I understand community is an important pillar for IDoge and you had some big airdrops, currently you have any big event to reward your community?
Harry (@theharryvoice):
Not actual big event
Andrés M. | Satoshi Club:
Contests, staking, farming?
Harry (@theharryvoice):
We are about to launch a rewards website.
To reward community when they complete tasks.
Andrés M. | Satoshi Club:
Great news, another reason to support you. Don’t forget to share the announcements about it with our community
Harry (@theharryvoice):
Definitely!
Part 2 — live questions from the Telegram community
Q1 from Telegram user @cryptoneco
You will distribute dividends to token holders in the first quarter of 2021. You will determine the dividend amount in print and according to what criteria will you distribute it? Will there be a minimum token holding rate for this?
Harry (@theharryvoice):
Will there be a minimum token holding rate for this? Anyone will be able to receive dividends, we should be able to get a customized solution to get all tokenholders address when snapshot.
Q2 from Telegram user @Kannan12_34
Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is it like this? If not can u tell us, What makes it different from other projects?
Harry (@theharryvoice):
Yes, a lot of projects promise magic, but this is not us. We are transparent, and we will not promise any of our investors something if we don’t know if we can achieve it. this is why I didn’t answer the android/iOS part with details.
Q3 from Telegram user @cindy_crypto
You and your project is well known in US but not much on here on Asian countries so do you plan to create an ambassador program for expanding the word? Where to apply it?
Harry (@theharryvoice):
We have couple of team members working on it.
Q4 from Telegram user @highpee
You said that the ERC-20 iDoge is still existing because of your locked liquidity which you are unable to remove. For users who are still with the ERC-20 iDoge, is it safe to still transact iDoge ERC-20 since there is locked liquidity, or have you stop supporting it completely?
Harry (@theharryvoice):
Well, the swap is over, and anyone that didn’t get in on time for the swap will not be able to swap anymore. we have over 90% of major holders successfully transitioned.
Q5 from Telegram user @nitrogenpower
When I look into the price chart, idoge was really mooning till the end of the May. But suddenly a crush started after that. After that I research about it and see auto-liquidity process has been executed and price dropped after that. Why did you execute auto liquidity process? Now price seeming to go up again. In the future can you open SwapAndLiditidy again for price drop?
Harry (@theharryvoice):
Yes, while auto-liquidity can cost marketcap to drop, but that also in place to prevent huge dumping, because the more liquidity it is in the lp pool, the stronger the project is. The reason I have to execute the liquidity process is to prevent huge dumping. Yes, we can, but I am trying to do it as less as possible, but we do this just to make the foundation stronger.
It’s a painful decision, but we have to get it done from time to time.
Let put it this way.
All projects do it as well, and they do it often.
We are not planning to do this often at all.
Q6 from Telegram user @andrey_seleznov
You redistribute 4% among holders via reflection. This means users just need to hold $iDoge in a wallet to benefit from the growing amount of tokens in the wallet. Please clarify, what happens if the user provides $iDoge liquidity on the DEX, will reflection still work for LP tokens? Can holders get the best of these two earning possibilities: reflection plus DEX trading fees?
Harry (@theharryvoice):
Well, first of all, we don’t recommend users to provide iDoge liquidity, second, if they do, they will not be benefit from it…
Q7 from Telegram user @xperia3
Community means so much for successful projects. Projects which grow together with a community, stay strong even in market crashes. What are your plans to create a core community? How will you attract people and make them stay in iDoge project in long term?
Harry (@theharryvoice):
We are about to launch a rewards-based website to incentivize the community do more. like community will be able to make some idoge by completing tasks.
Q8 from Telegram user @Tahsinahmett
The financial strength of the team at the beginning is important for the survival of the projects. Of course, not every project has a rich like Elon Musk. What would you say about the financial situation and team of your project? What have you accomplished in the short term?
Harry (@theharryvoice):
Well, we have been able to stabilize our price for a while, yes, we may not have the help but elon musk, but we have a lot of influencers helping us, so we are doing good in term of marketing.
Q9 from Telegram user @cryptoneco
Why did you add only 1% burning mechanism when most projects were designing deflationary tokens while adding 3–5% burn mechanism? If there is community demand for this ratio to change, will it change?
Harry (@theharryvoice):
Because if we do more burn, we will not be able to be in compliance with the U.S. Securities and Exchange Commission as there will be too many tokens that is unaccountable for when comes to paying dividends.
Q10 from Telegram user @NataliyaKil
While researching your team, I discovered that Board of trustees iDoge members have accounts on one of the entertainment social networks Tik Tok. In their accounts, they have a huge number of subscribers.
Is there a Tik Tok page for the iDoge project? Are you engaged in attracting users in this particular social network: distributions, promotions, contests, do you talk about the news of the project? Does the fact that team members have such a huge number of subscribers brings at least some benefit to the project?
Harry (@theharryvoice):
Yes, our TikTok is https://www.tiktok.com/@idogetoken
Part 3 — Quiz Results
In the final part, we tested your knowledge in terms of IDoge. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 800$.
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