Munch x Satoshi Club AMA Recap from 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 Munch and our guests were @MS3081 and @rodresendesilva. The AMA took place on 24 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 community
Gold Rocket | Satoshi Club: Hello, dear community! We conclude our today’s AMA marathon series with Munch.
Andrés M. | Satoshi Club: Today we are glad to have our guests
Mike: Hi everyone, pleasure to be here
Rodrigo Silva * Don’t send me ETH *: Hi there how’s everyone feeling today? Thank you so much for having us ❤️
Andrés M. | Satoshi Club: We are excited for this AMA session!
Mike: me too!
Gold Rocket | Satoshi Club: Let’s start!😁
Introduce yourself please. How did you get to be involved in crypto & Munch?
Rodrigo Silva * Don’t send me ETH *: I can start
Gold Rocket | Satoshi Club: Tell us please about your position in Munch.🧑💻
Rodrigo Silva * Don’t send me ETH *: Hi everyone, my name is Rodrigo and I’m the CEO of $MUNCH project. I got involved with crypto from an investors’ point of view, I started investing on the main cryptos and progressed onto DeFi, so I could find the small market cap gems.
During this process, I invested in a token that setup a wallet for donations and donated $70k to an animal shelter… this made me feel really good and I started to think that would be amazing if we were able to create a token that would include automatic donations on its tokenomics, as a result, $MUNCH was born!
Andrés M. | Satoshi Club: Don’t worry, we will fix it, let’s proceed with the intro
Great background, what did you choose to progress into DeFi?
Mike: Hi all, I’m Mike and I’m the COO of Munch Project. Similar to Rodrigo I’ve been investing in crypto since 2017, and in high-growth startups since 2013. My background is in leading product development and strategy for financial services companies such as Amex, Barclays and a number of fintech/Neobanks. I also served as a startup advisor and investor for a number of notable UK tech startups.
Gold Rocket | Satoshi Club: Great experience + great idea = successful business👍
Rodrigo Silva * Don’t send me ETH *: I love the concept and the freedom provided to aspiring entrepreneurs, as it’s fairly easy to kickstart a project. From an investment perspective, it’s also the place where you’re more likely to find 100x-1000x gems… like $MUNCH 🙂
Gold Rocket | Satoshi Club: Your achievements are impressive👏
Tell us about the benefits of your project. How is it different from others?
Andrés M. | Satoshi Club: I agree
Gold Rocket | Satoshi Club: What is the essence of Munch?
Rodrigo Silva * Don’t send me ETH *: The main differentiator in our project is its unique tokenomics system. We developed our contract in a way that a % of each transaction is automatically converted to ETH and sent to the charity wallet.
This has many advantages, such as:
1) The process is trustless — All the transactions are performed by the contract and as a consequence, they can be verified in the contract’s internal transactions tab.
2) Our asset is stable — Since the swap is performed on each transaction, this doesn’t affect the price of our coin, opposite to some other projects that cause a massive sell when donating or have to burn tokens to keep the price stable, which is not sustainable for years.
3) No manipulation — Our donations happen on each transaction, so it’s a spontaneous process
Gold Rocket | Satoshi Club: Also we would like to know about your team. Who is on the project team core?
Mike: Munch is a charitable DeFi project where our community ‘gives back’ and ‘gets back’. We’re leveraging cryptocurrency and blockchain technology to involve everyday crypto investors in supporting charitable causes, and this is done by using an efficient and trustless donation system. Because of the enormous problems we are solving, we strongly believe the value of our project will grow exponentially so our community members and investors will receive great returns in the process. For example, for all product development we do at Munch we focus on enhancing our token utility so it can provide more value to our community and investors in the long run.
Gold Rocket | Satoshi Club: This is a truly unique solution👍
Andrés M. | Satoshi Club: Well done, we must help each other
Gold Rocket | Satoshi Club: What I like the most is the combination of crypto and charity. 👍❤️
Andrés M. | Satoshi Club: 👏
Rodrigo Silva * Don’t send me ETH *: It’s quite unique as it was developed after analysing all the flaws existant in the current projects. It’s very common to setup a wallet and ask your holders to donate, but in the long run, one person can only donate so much. Our system is facilitating donations on each transaction, so the process is flawless.
Another important aspect that we need to mention is that we have a percentage that also reverts back to the holders, as an incentive to hold we are generating passive income… which makes this a win-win situation for both investors and charities!
Mike: In our core project team we have Rodrigo and myself as CEO, and COO. We have recently recruited Antony Gardez as CTO — Antony was an early Munch investor and has an impressive BG in co-founding a successful tech startup with offices in 4 countries.
We have our technical lead Rafa, Pedro our head of design, Project lead Roughan who looks after internal technical projects and exchange listings, Jon our comms lead, Pete and Matt who looks after business development, charity partnerships and Munch merch/lifestyle. and we have an extended Munch team and our community that supports us a great deal across many aspects 🙂
Andrés M. | Satoshi Club: Is so recognizable the job you are doing guys, let’s learn more about your project through the community questions we have collected😃
Gold Rocket | Satoshi Club: Btw.. How long does it take to develop a project?
Mike: Further info on team members can be found on our website.
Andrés M. | Satoshi Club: Where is based your project?
Gold Rocket | Satoshi Club: thanks for the answers👍
Rodrigo Silva * Don’t send me ETH *: Took me 2 weeks to develop the contract, pitch it to my team and early investors, setup the site and the rest is being developed as we go… the main advantage of running a community project is to use the community so we are actively taking suggestions and improving.
Mike: Our team members are predominantly UK based but have extended team members across the globe 🙂
Andrés M. | Satoshi Club: Thank you for the clear and informative introduction, time to proceed with the first question of this part of the AMA🥳
Gold Rocket | Satoshi Club: it is very important to be flexible in the crypto, this is a very rapidly developing industry
Rodrigo Silva * Don’t send me ETH *: Let’s do it!
Q1 from Telegram User @yellowchamp
$MUNCH transaction fees are redistributed between
your users and the causes they support.The Yellow Brick Project is the second charity supported by MUNCH, following GiveWell which received over 735 ETH from MUNCH transactions, sold for over $2.2M USD. So can you tell us why did you decide to support some charity? How did your platform choose which charity to support? Aside from transaction fees being redistributed to causes charity,can any users or investors in your platform can directly donate to the choosen charity? Thank you
Rodrigo Silva * Don’t send me ETH *: I will take this one
GiveWell was chosen in the beginning due to its size and fantastic work, this was not a community decision because we needed a charity to start with. Throughout our first month, we had team members constantly reaching out to charities, scheduling meetings, helping them throughout the process of becoming crypto ready.
As a result of the effort mentioned above, we were able to provide 3 charities for people to vote for, we wrote 3 medium articles to explain the choice and why they were selected and people voted on our governance portal (snapshot), where they can connect their wallet and vote (this was very important and we only wanted to allow holders to vote).
Aside from the donations made via our tokenomics, the community is more than welcome to donate directly and this can be done via one of the following ways:
– Transfer ETH to our contract. Every amount of ETH that is sent to our contract is automatically sent to the selected charity
– Transfer ETH directly to the charity’s address
Andrés M. | Satoshi Club: To how many charities have you donated until now?
Rodrigo Silva * Don’t send me ETH *: So far, GiveWell and Yellow Brick Road. The reason for this was because when we started, we didn’t really imagined that we would be able to donate over 2.2M in a month so in our site we had “charity of the month: GiveWell”… we like to keep our promises so we donated the whole month. Now we started to do the donations bi-weekly and the first chosen charity was Yellow Brick Road.
Andrés M. | Satoshi Club: What is the aim of Yellow Brick Road?
Mike: With the bi-weekly donation cycles, Munch community will be able to efficiently distribute funds to help a much wider selection of causes/charities on a rotating basis.
Andrés M. | Satoshi Club: That’s amazing, currently what our world needs👏
Rodrigo Silva * Don’t send me ETH *: The Yellow Brick Road Project is a charitable foundation with a mission to fund research to identify, understand, treat, and ultimately cure those impacted by HNRNPH2 mutations.
Their work aims to identify more individuals with HNRNPH2 mutations, connect families impacted by HNRNPH2 in order to contribute to the understanding of the disorder, raising awareness of HNRNPH2 mutations in the general public and scientific communities, and by funding research into HNRNPH2 mutations.
Quite often these charities are overlooked, as donations tend to go towards more known causes. We decided that it would be interesting to help this cause and at the same time to have the opportunity to cause some local impact.
Mike: Thank you, and we’re extremely proud of the rate of donations we’re able to generate from our growing community base. So even with relatively short 2 week cycles — we will be able to make a real impact.
Andrés M. | Satoshi Club: Thanks for the answer, is amazing that you are doing.
Gold Rocket | Satoshi Club: What other areas of charity do you plan to develop?
Rodrigo Silva * Don’t send me ETH *: We don’t have a specific target and like to keep our options open. We created a group specifically to discuss the charities, so we will listen to what our community has to say. As a personal preference, I would like to target hunger next 🙂
Gold Rocket | Satoshi Club: Thank you very much for your answers and for your good deeds! ready for the next question?
Rodrigo Silva * Don’t send me ETH *: Sure thing!
Q2 from Telegram User @victorogb
The Munch economic model is such that, when a user buys MUNCH tokens through an exchange, a 10% transaction fee is deducted from such transaction, consequently splitting the transaction fee between MUNCH token holders and the community recommended charity of choice (5% each). This current model was modified from a previously adopted model, after a community agreed consensus. Therefore, what are the guarantees that this current economic model would be susbstainable as well as economical, how is the 5% fee consequently sent and distributed to the deserving charity, and what other way is the community rewarded for trading and holding on to their MUNCH tokens?
Rodrigo Silva * Don’t send me ETH *: Let me tackle this one by breaking it down a bit.
The community will use our governance portal to not only vote on the charities but also on important decisions that will dictate our future. We are committed to build a sustainable model that preserves both the interest of the team and all the investors. As a consequence, this fee can also be changed, both in size and allocation (reflected/donated). This once again, demonstrates our flexibility and capability to adapt.
As per the technical side of it, each time a transaction is made, 10% of tokens are retained in the contract. 5% of those tokens are distributed by the holders according to their percentage of ownership. This is widely known model and first introduced by RFI.
The other 5% of the tokens are kept in the contract itself, as the contract is at the same time an address, therefore capable of holding any ERC-20 token. When the amount of tokens in the contract reaches a certain treshold, we swap them for ethereum and send them to the charity wallet.. this is done at the contract level, since we use the uniswap’s module to communicate with the Uniswap router.
Mike: The transaction fee and ratio between charity donation versus holder redistribution can be adjusted. We’ve started with 5% donations based on community consensus and that has enabled us to raise significant donation amounts from the beginning. As our community grows, naturally it would make sense to explore a lower transaction fee which could encourage greater trading volume, which we believe will create a net effect of higher donations.
Andrés M. | Satoshi Club: We would like to know more about your tokenomics, how are the tokens amount distribuited?
Mike: In addition, our Munch product roadmap is strongly aligned with improving token utility and building a sustainable business model. We’re currently exploring partnerships in the near term that can introduce new revenue streams to Munch, and once our launchpad is ready, we would generate a small transaction revenue with a percentage being redistributed back to our investors which will further incentivise holding. Some key future functionality/utility of the platform will be primarily accessible to the Munch holder.
Lastly, Munch token is currently used for voting and governance — you have to be a holder to vote on key proposals and new charities.
Mike: We had 100T token supply to start and it is distributed as the following:
15% to burn during specific burn events (15T — Time-locked for specific burn events)
10% team allocation with a range of ownership between 0.5% and 2% per person
5% presale with a max of 0.5% per person held across 10 accounts
12% marketing budget
5% development budget
8% liquidity and exchange listings
Rodrigo Silva * Don’t send me ETH *: They are added to each user’s balance according to ownership, i.e. if you own 2T which corresponds to 2% of the total supply, you’d get 2% of the 5% distributed.
Andrés M. | Satoshi Club:Thank you, I think regarding the question is clear. Let’s proceed with the next question.
Q3 from Telegram User @Gutike95
I read that in Q4 they will carry out charitable associations NFT, but could you really explain to us how useful the NFT will have to benefit these charity movements? only that a % of the capital of the NFT sold is destined for that work?
Mike: I think NFT is popular and growing trend in the crypto space, and we’ve seen examples of very successful charity and NFT collaborations so far. We have a highly creative community at Munch so we’d love to explore the idea of involving our community in designing artwork that can be minted as NFTs, to the be auctioned to support charitable causes. It’s a creative and fun way to leverage a growing trend to do provide more positive impact to the world.
Gold Rocket | Satoshi Club: Quite right!
Mike: Incidentally, we’ve been in conversations with some music artists about a potential NFT collaboration so we are intrigued to see how this can develop.
Andrés M. | Satoshi Club: Do you have son NFT designs to share with us?
Mike: Nothing in public yet 😉 once we do the Satoshi club will be first to know 😁
Gold Rocket | Satoshi Club: we will look forward to😊😉
Andrés M. | Satoshi Club: Sure, we will be expecting for it 😁
Gold Rocket | Satoshi Club: Thank you very much for your answers! Ready for the next question?
Q4 from Telegram User @Jonahapagu
On your road map I can see three different launchpads.. which are “Launchpad — for social causes”, “Launchpad — for new crypto projects”, and “Launchpad — for individual causes” most of the launchpads available today are for new crypto projects, so how will the launchpad for social causes and individual causes work, what will they be used to launch , how will users participate and benefit from this new launchpads and how are they different from each other..
Rodrigo Silva * Don’t send me ETH *: The idea behing the lunchpad is to build a portal that is similar to the existing crowdfunding portals like GoFundMe, CrowdCube, etc. In this portal, the charities will be able to submit their application and we will carry out a vetting process… when approved, they will be displayed on our portal and the users will be able to:
1) Choose the charity to be supported via our tokenomics
2) Donate o to the selected charity individually by staking their own tokens
Further in the future, we want to include, as part of the integration process, also the service to set them up to receive crypto. This will then reduce our current limitation, as we need to donate to charities that are crypto ready.
The other two launchpads, Mike can share some info about
Andrés M. | Satoshi Club: Btw, could you share your whole roadmap? What is the major event coming for Munch?
Rodrigo Silva * Don’t send me ETH *:
Gold Rocket | Satoshi Club: Please tell us about other launchpads too😊
Rodrigo Silva * Don’t send me ETH *: Sure thing, Mike is typing 🙂
Gold Rocket | Satoshi Club: Oh! You’ve done a lot already, but there is more work ahead! 💪
Rodrigo Silva * Don’t send me ETH *: Our next big event will be our launch on BSC network! We are building a bridge and will be available on pancake swap on the first week of June.
Andrés M. | Satoshi Club: [ 🤗 Sticker ]
Gold Rocket | Satoshi Club: To be honest, we have a question on this topic.😉
Rodrigo Silva * Don’t send me ETH *:
Here is a sneak peak
Sure, let’s save the details then!
Mike: The same platform and technology and we altered to support individual causes (i.e. a crypto version of go-fund me) and to fundraise for promising, new crypto projects. Usually early stage investing (where there is the highest risk/reward) is reserved for angels, VCs and institutional investors. At Munch we want to decentralise fund raising and give our Munch holders the opportunity to support promising projects and in return have the chance to generate great investment returns.
I’ve personally been a fan of early stage investing where some of the key UK startups I invested in such as Monzo, Revolut, Freetrade etc have all returned more than 10x.
Andrés M. | Satoshi Club: Currently where we can buy the token?
Gold Rocket | Satoshi Club: you are very prudent, I want to note😁👍
Rodrigo Silva * Don’t send me ETH *: We are currently only available on Uniswap:
Andrés M. | Satoshi Club: Thanks for share it. Time to proceed with the next question.
Ready to go?
Rodrigo Silva * Don’t send me ETH *: Ready!
Q5 from Telegram User @Highpee
$SHIBA, a copy meme token of $DOGE on Ethereum had it value plummeted drastically after Vitalik donated USD 1.14 billion worth of $SHIBA token as a charity to Indian Covid-19 Relief Fund. Up till now, this token has not recovered from the incidence which was further worsened by the current market condition. As a platform, you already donated $2 million under a month to charity organisations. While it is good to support charity cause, it will equally be considerate to ensure that these activities do not impact negatively on long term holders and investors. How will you ensure that large charity transactions do not destabilise and sink the value of your token? How do you strike a balance between supporting human cause and securing investors interest?
Rodrigo Silva * Don’t send me ETH *: Great question, but some of the points were already answered previously when I explained our tokenomics and the advantages.
Let’s start by saying that $SHIBA was a meme token and its purpose was never to donate. What happened there was, some dog coins followed the trend of the “cool kids” and decided to burn tokens by sending them to vb (Vitalik’s address). This was never a good way of burning tokens, as that address wasn’t dead… which was demonstrated in the worst and best way possible. We burn our tokens by sending them to ethreum’s burn address, so our investors can rest easy.
Second, that information is incorrect and it’s a shame, because Vitalik’s biggest donation was 53M to GiveWell (the same institution we chose to donate).
Last but not least, we don’t perform bulk donations. Our system was designed to perform micro donations at each transaction, exactly to preserve the stability of out asset.
Gold Rocket | Satoshi Club: it’s good that you clarified this situation to us.
Rodrigo Silva * Don’t send me ETH *: My pleasure 🙂
Andrés M. | Satoshi Club: Wow, some details we didn’t know
Gold Rocket | Satoshi Club: and it is also very good that you have taken care of the stability of the asset
Rodrigo Silva * Don’t send me ETH *: Yeah somehow the news spread in a way that at the end Vitalik donated everything to India’s COVID relief fund, but he actually donated to quite a few institutions… we were following his transactions on real time 🙂
Andrés M. | Satoshi Club: Btw, before to go with the last question we would like to know I your contracts have been audited or are in process to be.
Rodrigo Silva * Don’t send me ETH *: Our contract was audited by solidity on our first week of existence!
Andrés M. | Satoshi Club: Thanks for the clarification of that topic
Rodrigo Silva * Don’t send me ETH *: Absolutely!
Andrés M. | Satoshi Club: Then, let’s proceed.
Q6 from Telegram User @cryptofollower
Transaction fractions are automatically collected, converted to ETH, before being sent directly to the recipient’s address, creating an entirely automated and trustless ecosystem. What is the reason behind for you to choose Ethereum Blockhain as your solution? I believe right now most people won’t be able to invest/donate to $MUNCH with high Ethereum gas prices. I also checked your roadmap and couldn’t find anything about other blockchains to be supported or not. Do you plan to add other blockchains like Binance Smart Chain for allow more people to invest the project?
Gold Rocket | Satoshi Club: Partially disclosed😊
But I’m sure you have something to add 😉
Rodrigo Silva * Don’t send me ETH *: Ah got ahead of myself there 😄
Gold Rocket | Satoshi Club: You are well done😉👍
Rodrigo Silva * Don’t send me ETH *: We started on ETH network due to the amount of non legit projects popping out every day on BSC. I believe that Ethereum tends to have more serious investors and we wanted to stay away from being labeled as a scam or having to spend most part of our time proving that we weren’t.
Now that we are one month old and well established amongst the community, not just established but also currently we are the charity token who donated the most with less than 8k holders… it seemed like the perfect time to become a cross-chain project and be able to bring in the volume that BSC generates. I believe we will benefit hugely from this and so will the causes we support, as consequence.
Andrés M. | Satoshi Club: Are you planning to implement more chains different to ETH and BSC?
Rodrigo Silva * Don’t send me ETH *: It’s not in process yet, but other chains are being evaluated, such as Matic’s network
Gold Rocket | Satoshi Club: it’s time for cross-chain solutions. and this battle will be won by the one who is most ready for this 😊
Andrés M. | Satoshi Club: Got it. Than you so much for your time and incredible answers. Now, is time to proceed with the second part of the AMA. The live segment🥳
Rodrigo Silva * Don’t send me ETH *: Absolutely, but when it comes to our category I don’t see it as a battle per se. I ultimately support all the projects that aim to have a positive impact on our society
But we’re better ❤️😂
Gold Rocket | Satoshi Club: Thank you very much for your answers! This was a very interesting first part! Get ready for a storm of questions! Trust me, it will be powerful! 🚀😁
Part 2 — live questions from the Telegram community
Q1 from telegram username @Arisabela
In your whitepaper it says that you never store tokens or donations in a wallet owned by MUNCH, instead they are converted to ETH at the transaction point and sent directly to charity addresses, but how are these transactions sustainable due to the incredibly high fees to pay in ETH? What if the gas rates are even higher than the same donation? Is there a minimum set to be able to do these conversions?
Rodrigo Silva * Don’t send me ETH *: As mentioned, our donations are microdonations performed by the contract on each transaction. This piece of code gets executed when the user pays for the transactions so the gas fees were already covered by the person making this transaction.
Q2 from telegram username @nahidulhassan
Which one of these aspects important for you?
1-Increasing Token Price&Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally
In what order?
Mike: For me, transparency and building community trust is the most important thing. We do this by showing that we are competent, put our community’s interest first, and lead the project with transparency and integrity. We’re a small team so we’re thankful to our community members for supporting us in building our brand and spreading the awareness about Munch. I believe once we establish and maintain community trust, naturally the other facets such as increased token value, and new partnerships etc will follow.
Q3 from telegram username @doithay1617
I saw “MUNCH Millions Lottery” in Telegram Munch, it’s really fun! What are the conditions for users to participate in MUNCH Millions Lottery? And what is the prize?
Rodrigo Silva * Don’t send me ETH *: MUNCH millions is really fun in my opinion and that was developed to give our holders some rewards. Every Tuesday and Friday we have a draw and the winner is announced on this channel: https://t.me/munchlottery
To be able to qualify you need to have an amount of MUNCH superior to 100$ and not have sold for the past 7 days… HODL
The prize is 250$ worth of munch and we will quadruple it (1000$) when we hit important milestones such as 5M donated.
Q4 from telegram username @JoanaZ
➡️The creativity of your logo is very awesome, I just remembered homer Simpson Donut! Hahaha, can you tell us what is the story of the munch name?
Rodrigo Silva * Don’t send me ETH *: We love our donut, it was made by our illustrator and he’s also a tattoo artist, as soon as a get a hold of him, me and another team members are getting it tattooed 🙂
When we were brainstorming the name, we researched the causes we wanted to support and initially we thought of hunger, as it’s one of the major problems in the world. We wanted the name to be short, funny and catchy so Pete suggest MUNCH (chewing) and we loved it!
Q5 from telegram username @Madamzayn
Nowdays so many scam projects and rug pulled happening. How user can trust your project not to do the same and how you are different?
Mike: In a highly volatile week in crypto, I wanted to address this quickly. Investors are sometime attracted to new projects that are propelled solely by hype without much substance as they seem to provide a quick investment return. This proved to be extremely risky as when market conditions get rough, there is no real project ‘fundamentals’ to support their inflated price. Worse yet, many project teams are anonymous which led to them rugging investors when market conditions worsened.
Here at Munch, we are a fully doxxed and public team from day one, and have lead the whole project with utmost transparency. Our liquidity is locked indefinitely, and our contract has been audited. We’ve been through an ATH and a recent low but none of the core team members have sold a token. We believe in project longevity and are intrinsically motivated by making a lasting impact; to achieve our vision of revolutionising charity using crypto to better support those in need.
Q6 from telegram username @highpee
I can tell that you are REALLY PASSIONATE about charity from the way you have designed your project. Many go into crypto today with the purpose of making money, but you are more focused on social cause. If I may ask, what is INSPIRED this decision? Why are you committed to humanity Services? Have you been a victim of neglect or have you benefited from charity before, which is making you want to give back to the society?
Rodrigo Silva * Don’t send me ETH *: I love this question.
Several things inspired this decision. First, was the token I invested in which made it click and think that it was possible to create something like this. Second, because I’ve been involved with a few social causes throughout my life, since serving food to homeless when I was in Lisbon, to help buying sleeping bags for homeless when I was in Ireland and every year I contribute a substancial amount of my company’s funds.
Luckily, I have never been a victim or in need for support, but I come from a poor background and have been multiple times in touch with that reality.
Last but not least, I think there’s no better time than now to try to pass the values that we can always help the ones that need the most. We tend to be carried away by greed these days, so it’s good to stop and acknowledge that yes, we might not have everything we want, but a lot of us have what we need.
Q7 from telegram username @nadee5
You are going to help worldwide with MUNCH.
Do you have separate local communities ?specially who can’t use English language
Rodrigo Silva * Don’t send me ETH *: MUNCH is already helping worldwide. GiveWell was based in US but their funds are allocated around the world efficiently. Yellow Brick is also present in a few countries.
Once again let me reference, that we also have a dedicated channel where everyone is welcome to come and talk about the charities/causes they would like to support: https://t.me/munchgives
We do have different communities, on telegram we have a French, German, Japanese, Arabic and Chinese group and a lot more languages available on discord.
Q8 from telegram username @mixer40
😂Your advice. How do you not to panic in the current situation in the crypto market?
Mike:‘Know what you hold’ this applies to stock investments as well as crypto. If you’ve invested in a great project that’s solving a huge problem, has a competent team and a thriving community then there’s a strong chance your project and investment will flourish in the long run. In Munch’s case, we apply a donation fee for every buy and sell so even during market and price declines — the fact that we’re still generating donations for charities makes these down days a little better 😁
Q9 from telegram username @climbermatty
What are the key drivers to success with MUNCH? If you had to list the key uniques what are they and how will the team accomplish them better than others out there?
Mike: I believe these are some of the key drivers to Munch’s success:
– Hugely engaged and supportive community that is passionate about our mission
– First mover advantage — we’ve pioneered and popularised many elements of a Charity DeFi project, which keeps our progress one step ahead of competition.
– Fun and cool brand — we’re proud of our brand identity and think we found a way to incorporate the cool and creative side of Munch with much deeper purpose. This makes our brand compelling and relatable to many people.
– Experienced team — across the team we have a good blend of entrepreneurial, technical, business and creative individuals to help build something very unique
Q10 from telegram username @vedamatrix
Do you have any Ambassador Program for different people on different countries?
Mike: An easy one to wrap up! 🙂 We don’t currently but we are looking at ideas on expanding our ambassador network. So If you have any suggestions feel free to DM me! thanks
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.
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