MyWish x Satoshi Club AMA Recap from 29th of January
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 MyWish. MyWish makes it easy for anyone to create automated funding management smart contracts and our guest were @VLadimirTikhomirov and @kulakovaolya. The AMA took place on 29 January.
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&Bitcointalk community
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with MyWish! Welcome to Satoshi Club
Gold Rocket | Satoshi Club: Good evening, dear community!
We conclude our today’s AMA marathon series with a very interesting project.
Today our guest are @VLadimirTikhomirov and @kulakovaolya
Vladimir Tikhomirov: Hello everyone! Thanks Satoshi Club for the invitation
Gold Rocket | Satoshi Club: I greet you guys!
Olya: Hello to all in this chat!!
Mary | Satoshi Club: Hello, Vladimir and Olya! happy to see you here today
Gold Rocket | Satoshi Club: Welcome to Satoshi Club, @VLadimirTikhomirov and @kulakovaolya
Mary | Satoshi Club: How are you today?
Olya: We are optimistic! This is our first AMA since 2018, exciting!
Mary | Satoshi Club: Really, wow
Gold Rocket | Satoshi Club:You started in the right place at the right time
Olya:We hope so
Mary | Satoshi Club: I think we need to start immediately
sure, you have a lot to tell the world about
Olya: Let’s get started!
Mary | Satoshi Club: Let’s start with your intro and of course with MyWish intro!
Gold Rocket | Satoshi Club: To be begin with, please tell us a few words about yourselves and how did you get to be involved in MyWish
Mary | Satoshi Club: Lol
Vladimir Tikhomirov: My name is Vladimir, Founder MyWish. We have started project in Jul’2017 and it was just one smart contract called Lastwill (creation crypto will on Ethereum), than we realised that one contract is not enough — since we need a UI for managing it and a system which will invoke smart contracts. That’s how MyWish Platform was borned.
Olya: Hey, I’m Olya, I’m responsible for the marketing of the MyWish project. Started with a variety of tasks such as community management since 2018. Over the years of my work on the platform more than 15k new users have joined. Inspirational looking forward by the year 2021 for the MyWish platform and the WISH token, I will do my best to make you aware of us!
Mary | Satoshi Club: So, you made long journey from Will to Wish
Gold Rocket | Satoshi Club: MyWish is very symbolic!
Vladimir Tikhomirov: Last Will -> My Will -> MyWish
Mary | Satoshi Club: You have a lot of work
Olya: The word will scare the users a little
Mary | Satoshi Club: Oh, i missed one link in chain
To be honest i am really excited about what you’re doing! Everything seems so simple, before token creation was something too tech for me
Gold Rocket | Satoshi Club: Good start and good vibes
Mary | Satoshi Club: Do you have big team now?
Olya: It is our mission to make complex things simple, to bring blockchain to the masses.
Vladimir Tikhomirov: 7 members, developers mostly
Gold Rocket | Satoshi Club: mass adoption just around the corner
Mary | Satoshi Club: With such situation you will need to hire soon
Vladimir Tikhomirov: introverts
Mary | Satoshi Club:I feel, but you know our wishes
olya: Happy to expand the team, especially marketing
Mary | Satoshi Club:Thank you, guys, for your intro! Can you give to our community some important links? To website etc?
olya: Everything you need to know about MyWish:
Smart Contract Platform
Support WISH (https://explorer.binance.org/asset/WISH-2D5)
Mary | Satoshi Club: Thanks!
Gold Rocket | Satoshi Club: Thanks
Join Satoshi Clubbers
Mary | Satoshi Club: And are you ready for the questions from our community?
We have some
olya: Yes, we are!
Q1 from Telegram user @garrinepotter
How is the process of creating a token going on, for example, on the Ethereum network? Is a new address or a contract address I specify? I am interested in who will have access to the contract, is it possible to block all unnecessary functions at once, to which address to deposit ethereum to pay for gas during the distribution of the token and provide are you an auditor?
Vladimir Tikhomirov: Hi Garry, Our service generates unique smart contract for you, with new address. When generation completed we delegate all the rights to user’s address. You can manage the token (like mint more tokens or stop minting) by using MyWish UI or in etherscan. Anytime you can try it in test net for free: https://contracts.mywish.io/
You can see more details in video:
Mary | Satoshi Club: We can train before?
All data will be available only for those who purchased the contract, right?
Vladimir Tikhomirov: source code — yes, only for paid contracts.
Olya: Yes, you can create a test contract, and it’s free!
Mary | Satoshi Club: You should answer later
i already want to try
Gold Rocket | Satoshi Club: I will definitely test it!
Mary | Satoshi Club: It’s a joke, of course, i feel that we have a lot of interesting things to discuss!
Ready for the next question?
Olya: oh yes!
Q2 from Telegram user @sirdefi
If I create a smart contract with you in order to manage my inheritance, how can I be sure that it will be fulfilled after several years? What happens if you disappear, or if the blockchain where it was created ends up crashing or disappearing?
olya: A question from someone who cares about the future is commendable
Mary | Satoshi Club: Yes, that’s true
olya: We don’t transfer your inheritance to your heirs, our main goal is to generate a smart contract for you so that your assets, if certain terms and conditions are met, will go to a specified wallet. This means that we don’t store your funds and the smart contract itself is on the blockchain network of the chosen to be deployed.
You can find out more about WILL contract here!
Mary | Satoshi Club: How many users already created such type of contracts?
And did you already had cases where the inheritance has been transferred?
olya: About 200 responsible people. The number of these increased sharply in 2020 because of, you know, what.
Mary | Satoshi Club: Yes, i understand
Vladimir Tikhomirov: Yes, but sometimes inheritance contract used as lost key also — so, we do not what exactly happened
Hope everything is okay with all our users
Mary | Satoshi Club: Btw, it’s really great idea, i didn’t think that i can use it in such way!
Mary | Satoshi Club: Thank you for your answers! With each everything becomes more and more interesting!
Mary | Satoshi Club: Ready for the next?
Q3 from Telegram user @Arisabela
MyWish has a Wedding contract feature that allows family bugdeting and saving. Asset management is only possible with the consent of both parties. How customizable are this options? is there any way to interrumpt this contract if a party violate it’s terms? What happens with the assets then?
Vladimir Tikhomirov: Arisabela, Wedding contract is a fully customizable contract and it works in the following way: Party A can spend XX% of the funds in specified period (without party B approval), Party B can spend YY%. Both parties can change %% if both agreed. The same for cancellation — parties decide how to distribute assets. There are not many working wedding contracts to be honest — we need more places where you can pay by crypto.
Gold Rocket | Satoshi Club: It sounds very interesting!
Mary | Satoshi Club: If there’s disagreement between parties?)
Vladimir Tikhomirov: we are providing discount for Wedding contract for Satoshi Moderators only
Gold Rocket | Satoshi Club: By the way, about convenient payments, tell us a little about your mobile application.
Gold Rocket | Satoshi Club:Lol! You make me think
Mary | Satoshi Club: Lol, it will be very useful for me if i will ever decide to build a family
Vladimir Tikhomirov: no changes in initial conditions without approval from both parties
olya: well, I have to get married in order to use the Wedding Smart Contract
Mary | Satoshi Club: Yes
but it’s important, for sure, to have this contract!
Vladimir Tikhomirov: our app is working fine on mobile, but we recommend to use on desktop — there are more ways to manage the contracts
Mary | Satoshi Club: Great! We will be aware!
Gold Rocket | Satoshi Club: Can I also conclude a wedding contract if I have been deeply married for a long time.
Mary | Satoshi Club: Never late, i think
Vladimir Tikhomirov: blockchain does not know so many details about you
Mary | Satoshi Club: So, wait for one more Wedding contract user
Q4 from Telegram user @dustyllanos
Creating Smart Contracts in the MyWish Platform is easy but somehow alarming because of Exploits and Manipulation.How will you address this issue in your Platform?
Vladimir Tikhomirov: Thanks for the good question. Our contracts were audited many times (since projects need to be sure that token, for example, do not have any vulnerabilities) and we also provide brand security report from our audits partners. Everything is open-sourced and you can check it in etherscan. We also have a bounty bug program — you can get the rewards for issue’s reporting.
Mary | Satoshi Club: How do you ensure that scammers do not create contracts on your platform?
Mary | Satoshi Club: For example, as i understand, you accept ETH as payment, right?
olya: one of the ways yes
Gold Rocket | Satoshi Club: What other ways are there?
Vladimir Tikhomirov: everyone can create the contract on our platform. Scammer or not can be identified later only — it will depend how user will use the contract
so, exchanges or crowdfunding platform shall block the scam tokens (or warn users)
Mary | Satoshi Club: Got it
can you disable contract if suspicious activity will be found? Or just warn?
Vladimir Tikhomirov: no way, we fully transfer the rights to the owner
Mary | Satoshi Club: That’s clear, thank you
Gold Rocket | Satoshi Club: Thanks for your answers! It’s clear to me
Do you want to add something? Or can we proceed to the next question?
Vladimir Tikhomirov: please be careful — everytime check the contract address in Etherscan
Q5 from Telegram user @Pratze
As I know Mywish project start with ERC20 token but then you make announcement that holder must swap all of it into BEP20, can you give us the reason why you change from ERC20 to BEP20? So what happen if user late or don’t know to swap the token?
olya: Frequently Asked Question. Unfortunately in 2019, about 10% ERC-20 tokens were stolen (cryptopia) and then there was a dump in the market — migration helped us to avoid rate crash.
Also, Migration from ERC-20 to BEP-20 was part of our listing agreement on Binance DEX in 2019. All users had the ability to convert the tokens for 6+ months and now there is no way to do it since all not requested tokens were burnt.
Mary | Satoshi Club
Criptopia, i remember…
Sorry for your loss, but i see that everything is ok now
And are you ready for the 6th and last question from this part?
olya: Let’s do it
Q6 from Telegram user @budw1ser
Can you please elaborate further on the following comments from the 2021 roadmap:
“We also intend to review tokenomics and set conditions for token stacking for our investors. Expect profitable news”
Are you considering implementing staking rewards for WISH holders? Are you referring to rewards for providing liquidity to the Uniswap pool or will there be a staking option directly on the MyWish platform itself? The reason I ask is because there are significant risks in being a LP (impermanent loss) and these could outweigh any form of rewards.
Vladimir Tikhomirov: Thanks, Alan, for the support and the question. To implement staking mechanics we have to migrate to blockchain with smart contracts. Now we are making the first step — the bridge for WISH token between Binance Chain and Ethereum will be launched . Then, staking and liquidity programs will be introduced (Q1-Q2 2021).
Mary | Satoshi Club:| Do you already have some guides or it will be available later?
Vladimir Tikhomirov: Will publish on Monday in our Telegram: https://t.me/MyWish_platform
Mary | Satoshi Club: Ok, we will follow updates!
And don’t forget to share with us
Vladimir Tikhomirov: thanks, appreciate it
Part 2 — live questions from the Telegram community
Q1 from Telegram user @ KASG95
Why create a contract that is in charge of depositing my capital reserved for my family members in case I fail? Why not just give them the keys to my wallets and transfer them to them without having to pay monthly fees on this contract?
Vladimir Tikhomirov : If you give your keys to escrow to family members all funds can be withdraw any time.
Q2 from Telegram user @K2ice
How much do I need to have to create a test contract on the platform?
Vladimir Tikhomirov : it’s free — you even do not need to have an address to see how it works. In 5 minutes you will get your own smart contract deployed in ethereum test net (or other blockchain)
Q3 from Telegram user @csgonub
Is your system only work for creating ethereum ERC-20 smart contracts? @kulakovaolya @VLadimirTikhomirov
Q4 from Telegram user @konditer_rolex
What is Token Protector? I saw 7 reasons you wrote why Token Protector is the best in the world of storage, but I still did not understand what it is and how to create it. This is a very interesting topic, but can it be used globally or only on your platform?
Vladimir Tikhomirov : https://protector.mywish.io/ helps you to protect your tokens in case if you lose the keys / access to your address. After some period of time tokens will be transfered to your reserved address
Q5. from Telegram user @batubaba
You will announce your new roadmap on 20 January 2021. If you don’t share the details, can you tell us what you will innovate in? Which subjects will you focus on most especially in 2021?
Vladimir Tikhomirov :We strongly believe in smart contracts. And our goal is to make it accessible to all the people around the globe. There are 2 big directions in our roadmap: new blockchains integrations and layer2 solutions integration. Everyone hates gas fees. And some other staff, see below:
Q6. from Telegram user @CryptoZaratustra
One of MyWish’s goals for 2021 is integration with Polkadot. What do you think about integration with Avalanche, Solana, Cosmos?
olya: Solana is one of the candidates for integration into the MyWish platform this year, stay tuned!
Q7 from Telegram user @lexiagarcia
Once I create a smart contract on My Wish is it possible to delete or modify it?
Vladimir Tikhomirov : it depends on the contract, you can change some data, but generally the answer is no
Q8 from Telegram user @Vlasov_kiri
Why are new projects choosing to create a MyWish token? What are the features of the new MyWish cross-chain solutions?
Vladimir Tikhomirov : We are publishing new projects in our twitter regularly. Regarding cross chain — we will launch bridge solution in Q1 for projects which would like to migrate the token from one to another (or several) blockchains.
Q9 from Telegram user @topind7
May I know why you named your project MyWish, does the name have anything to do with the kind of product and services you offer?
Olya :The project started with one smart contact Last Will then it became My Will, and finally transformed into MyWish the best sound for your contracts.
Q10 from Telegram user @stargateeatlantis
Why did you choose for just using ethereum smart contracts and not polkadot or tron? @kulakovaolya @VLadimirTikhomirov
Vladimir Tikhomirov: Many blockchains are already supported: Ethereum, Binance Smart Chain, TRON, Waves, Matic, NEO. Polkadot is not ready yet as the platform. Will integrate Polka as soon as it become ready to use solution
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/