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Merrymen x Satoshi Club AMA Recap from the 16th of April

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 Merrymen and our guest was . The AMA took place on the 16th of April.

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 Merrymen! Welcome to Satoshi Club

Gold Rocket | Satoshi Club

Greetings, dear Satoshi Club community!

Today our guest is @officialmerryman

Hello and welcome to Satoshi Club

Mary | Satoshi Club

@officialmerryman welcome to Satoshi Club

Crypto Vlad

Hello everyone!

Glad to be here and answer everyones questions

Gold Rocket | Satoshi Club

Thanks for joining

nice to e-meet you)

Mary | Satoshi Club

Hello ,happy to see you here again

How’s going?

Crypto Vlad

Im doing great, had a fun time last time so 100% looking forward to doing it again!

Mary | Satoshi Club

For sure , let’s start

Gold Rocket | Satoshi Club

To warm up, remind us about yourself and the project

Crypto Vlad

Sure thing

I’m Crypto Vlad, Project Lead at Merrymen and DeFi advocate. Ive been in the markets a number of years now, investing in the equities markets, among others.

The idea behind Merrymen came during the Robinhood/GME fiasco, when thousands of investors were left stranded by the effects of CeFi and traditional finance as a whole. Speaking with hundreds of investors, we decided to build a new kind of exchange, one that prioritized retail investors and would never block trading of any financial assets.

In late 2021, we finally conducted our raise on the Genesis Pool launchpad, bringing the idea behind Merrymen to life!

Gold Rocket | Satoshi Club

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

Crypto Vlad

Merrymen aims to be the voice of the retail investor, not only in the Cryptoverse, but also in all other financial markets. Although DEXs are not a new technology and are well known in the crypto space, there are millions of retail traders that are complete strangers to the idea behind DeFi and the new, decentralized technology it brings to trading.

By building a bridge between traditional markets and DeFi, Merrymen aims to become a beacon of hope for the smaller, disenfranchised traders. The team is currently working to build this bridge though heavy marketing campaigns, education, and building a DEX with an intuitive interface, allowing traditional investors to easily make the transition over to decentralized trading.

Gold Rocket | Satoshi Club

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

Crypto Vlad

Ready!

Gold Rocket | Satoshi Club

Q1 from Telegram user @highpee

It is good to see MerryMen back to Satoshi Club after your last visit on Aug 14th. During the visit, you mentioned that MerryMen DEX will operate as a refined version of Uniswap and $MERRY token will be developed as a ERC 223 with focus on security and improved fees. However, you are now launched on BSC and it seems like you have abandoned some of your previous plans such as the release of a first of it kind Mobile based DEX. Can you briefly share with us how your journey has been so far and what has changed since your last visit to the club? What necessitated some of the changes that we have seen and why does it appear like the project has not been living up to its full expectations? What are your current priorities and when can your community expect to see the revamped detail roadmap which you promised to release in order to show the direction that your project will be heading?

Crypto Vlad

Initially we decided to go with Ethereum, however due to strong community feedback favoring lower fees and easier integration, we decided to switch to BSC. Our previous visit to the club was before our IDO and DEX launch, two major updates that have happened since.

As far as our roadmap, we have already released our updated roadmap and are about to release a second, more specific, detailed tech roadmap, to give our community further insight on the direction we are taking regarding the DEX. Please view the attached roadmap here:

Gold Rocket | Satoshi Club

Thanks for your great answers

Mary | Satoshi Club

Ready to proceed?

Gold Rocket | Satoshi Club

Q2 from Telegram user @QueenMary_NFT

My questions are quite straight and Simple, can you kindly explain to the community why Merrymen is more focused on marketing campaigns? In your Road Map, Q1 2022, it was stated that 2022 will be an incredibly important time for Merrymen. Which you will be ramping up all marketing efforts, with influencers, AMAs, partnerships & more. I would like to know more about your Current development with regards to your Road Map, is everything going according to your planned Road Map? Can you tell us about the Kinds of Influencers you already have on board? How about your Partnerships? Could you explain your Alliance with Genesis Pool? How does this relationship benefits Merrymen and it’s Users?

Crypto Vlad

Of course!

Great question

Our previous roadmap has been updated as stated earlier; we are now projecting to be on track regarding the general roadmap.

Marketing is incredibly important to us as it helps shed light on the Merrymen ecosystem while rewarding token holders, creating a compounding beneficial effect for all ecosystem participants.

We are currently in the beginning stages of our newest marketing campaign, which began April 15th. During the campaign, our community should expect to see all of the marketing avenues mentioned, (influencers, AMAs, media campaigns etc). Information and announcements surrounding all campaign developments will be shared on our socials, so make sure to give us a follow!

Genesis Pool is the launchpad on which we had our official raise, kickstarting our journey in the public eye. Our first official partnership was Transient, a smart contract platform providing value to Merrymen’s ecosystem both though co-marketing opportunities, as well as potential tech collaborations.

Gold Rocket | Satoshi Club

good marketing is always the engine of progress

Mary | Satoshi Club

You choose right place for marketing campaign

Gold Rocket | Satoshi Club

Thanks for your great answers

Mary | Satoshi Club

Ready for the next question?

Crypto Vlad

Ready!

Gold Rocket | Satoshi Club

Q3 from Telegram user @Rozielyna

I would like to know more about the $MERRY token of Merrymen. What is the total supply and Price of $MERRY token? I am a bit confused as there is no much details about these token, What are the features, use case and utilities of the token? Where can we buy your token? What are the rewards and benefits for holders of your token? Will there be a staking mechanism for the $MERRY token?

Crypto Vlad

Once again, a very good question

Merrymen has a limited max supply of 500M tokens. The $MERRY token serves as the utility token on the DEX, currently letting investors gain LP rewards through liquidity provision on the DEX, and eventually becoming the utility token of the Merrymen DAO, among other use cases.

One of the teams top priorities currently is delivering a staking/farming platform. Since our IDO, investors have been

able to provide liquidity on the DEX and gain subsequent rewards, and are eager to farm these rewards for $MERRY tokens.

Our dev team is consistently working on the platform, which will be the first major integration on the DEX. Many more will follow!

Your can currently buy the $MERRY token on our own DEX:

https://app.merrymen.io/#/swap

Gold Rocket | Satoshi Club

Thanks for your answer

Mary | Satoshi Club

That’s great! We will definitely follow your updates

Ready to jump to the next question?

Gold Rocket | Satoshi Club

Q4 from Telegram User @deaddynot

Hi Merrymen team! My love for testing new things is boundless, so I was happy to visit your DEX. I noted a small number of tokens available for swap. And, of course, I compared your project with those considered to be the flagships of the market, where exchanges on various blockchains, a wide range of features and tokens are available for exchange. How are you going to conquer the ocean of blockchain and stay afloat? Because it is impossible to cover the lack of functions only through marketing. Thank you!

Crypto Vlad

Naturally, Merrymen aims to compete with the flagship DEXs currently available on the market.

Since Merrymen’s inception, the team has been working around the clock to reel in potential listing partners.

Initially just after our IDO in late 2021, we locked in multiple partners and had a significant number of projects reaching out asking to list,

however things have changed as of late and a combination of factors, mainly caused by incredibly poor market conditions, have hindered the listing process.

We are currently working on a new integration, a solution to our liquidity problem and a foundation upon which Merrymen will become a

contender among the top ranked DEXs currently available. An update will be released very soon detailing this integration, so make sure to follow us on our socials!

Although we are still in early stages, we are constantly working and striving to deliver a groundbreaking product.

Gold Rocket | Satoshi Club

Creating an innovative product is never an easy task!

Mary | Satoshi Club

I don’t have any doubts that something big is coming

Gold Rocket | Satoshi Club

thanks a lot for the great answer!

Mary | Satoshi Club

Thank you for your answers! Ready for the next question?

Crypto Vlad

100%

Gold Rocket | Satoshi Club

Q5 from Telegram User @Blessingchum

While I read through your website, I observed three major features of the Merrymen mobile app and they are; LEARN, MANAGE and CUSTOMIZE.. Can you elaborate on these features? Speaking of the LEARN feature, how will Merrymen ensure that a user’s investments will be safe and decentralised regardless of the user’s experience in DeFi? Are there provisions for tools/support to help newbies adapt to the app quickly and trade easily? Can you tell us about the tools available on the Merrymen Mobile app to aid a MANAGEABLE and CUSTOMIZABLE portfolio? Lastly, is there provision for PC and iOS apps?

Crypto Vlad

Merrymen will always ensure the safety of every investors funds.

While trading on the Merrymen DEX, trading and investing happen in a non KYC’d, decentralized manner.

As long as your private keys are kept safe, we can offer our community reassurance that none of the core issues commonly experienced while trading on centralized exchanges will ever arise while trading on our DEX. On our upcoming tech/product roadmap, we will outline the exact integrations and tools that we will integrate on the DEX to facilitate newer, inexperienced traders making the transition over to DeFi trading. These will include trading tools, among others.

We have not yet released insight on our upcoming mobile app, as our core focus presently is to deliver and progressively improve our current web based DEX.

Mary | Satoshi Club

We are waiting for more updates

Gold Rocket | Satoshi Club

Thanks for your answer

Mary | Satoshi Club

Ready for the 6th and last question from this part?

Crypto Vlad

Lets do it!

Gold Rocket | Satoshi Club

Q6 from Telegram User @Asela1112

You have built the Merrymen platform on Ethereum blockchain system which have higher gas fees than other alternative blockchain networks. Why is that? Will this lead to downtrend the $MERRY token since the transaction fees are higher than other? Will there be cross chain migration within Merrymen DAO? If yes, Please tell us about the upcoming plans of the Cross chain integration to the Merrymen ecosystem? When will you onboard more potential Blockchain ecosystems like Solana, BSC, Cardano, Polygon etc..?

Crypto Vlad

We ultimately decided to build the DEX on the Binance Smart Chain, giving investors the chance to trade while incurring minimal transactional costs.

We 100% will make Merrymen a cross-chain DEX, as well as a full fledged DAO.

This will occur through Merrymen’s cross chain bridge, allowing investors to efficiently transport their tokens between compatible chains. Please refer to our roadmap posted above for further insight regarding the bridge.

Ready!

Mary | Satoshi Club

Thank you for this great first part and …

Mary | Satoshi Club

Let’s go

Part 2 — live questions from the Telegram community

Q1 from Telegram user @JesusFre1tes

How will the Merrymen team make investing in the financial markets safer, more decentralized and more fun, no matter how experienced users are? What kind of interface has been created to ensure that technical barriers to entry to decentralized exchanges are no longer a reason to limit the adoption of platforms like yours?

Crypto Vlad

Intuitive interfaces, apps, education, trading/investing tools, among others are some of the initiatives our team is currently working on to make a more friendly, simple platform for everybody to use.

Q2 from Telegram user @messilolz

Strong project comes with strong team .Can your team deliver as promises on time and do you have a strong team ?

Crypto Vlad

We have a very strong team, on the business side, as well as marketing and development. While delays and other unexpected occurrences are common in crypto, our team has proven that it can confidently deliver.

Q3 from Telegram user @Shayan418

Do you allow suggestions and feedback from the community? Are we allowed in decision making, do you put community into consideration ?

Crypto Vlad

Our community is and always be the center point regarding the teams efforts at Merrymen. We strive to be a community-focused project, listening and taking into account any and ALL feedback provided to us. Eventually, the Merrymen community will govern the Merrymen DAO.

Q4 from Telegram user @inchet04012013

I’d want to learn so much about the Merrymen’s $MERRY tokens. Then what was the current supply of $MERRY token and how much does it cost?

Crypto Vlad

Please follow this link to directly experience the Merrymen DEX, which is already live.

https://app.merrymen.io/#/swap

Our current supply is 500,000,000 $MERRY tokens.

Q5 from Telegram user @rockyrocks133

What is the main aim for #Merrymen ? You mentioned you are going to reward token holders so I’m interested on this. What rewards can the community receive for holding the tokens?

Crypto Vlad

Currently, you can provide liquidity on the DEX to gain LP reward tokens. Soon, you will be able to stake these tokens to gain passive $MERRY rewards.

Q6 from Telegram user @uncrowned_king_007

Can we have to go through any KYC to register on your platform or not? Please give details about this.

Crypto Vlad

No KYC is needed at all. You simply need to connect your Metamask or Trustwallet to the DEX, and begin trading!

Q7 from Telegram user @slla1112

Merrymen DEX, what are the community building plans? Why should the community choose Merrymen DEX over the CEXs they are used to?

Crypto Vlad

CEXs are simply not safe. There is a very long list of CEXs that have been hacked, exploited, blocked trading, frozen funds etc. Trading on DEXs is the only sure way of not being exposed to these risks.

Q8 from Telegram user @AlleenSaImon

Are you a global project or local project? At present, which market are you focus on, or is it focused on building and growing to gain customers, users and partners?

Crypto Vlad

Merrymen is very much a global project. While we are focusing on catching American Robinhood investor’s attention, we believe in total decentralization, allowing retail investors based anywhere around the globe to trade safely. We are currently focused on expanding both the investor community, as well as the amount of partnered listing projects.

Q9 from Telegram user @ItsMelissa3

I am very curious that the Merrymen team has decided to carry out an airdrop for Robinhood investors. Can you please share with us the reasons why you decided to focus this airdrop on those users? Can you please clarify if there is any relationship between Merrymen and Robinhood? In addition to this airdrop, do you plan to organize other airdrops where users from the Merrymen community who have not been Robinhood investors can participate?

Crypto Vlad

We prioritized Robinhood investors as the target audience of the airdrop due to our firm stand against Robinhood’s unjust practices and unethical discrimination against retail investors; There is not and there will never be any sort of relationship between Merrymen and Robinhood. We will 100% be conducting many more airdrops to strengthen our community in the future!

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/MerrymenDex
Medium –https://medium.com/merrymendex
WebSite — https://merrymen.io/
Twitter-https://twitter.com/MerrymenDex

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