Raptor x Satoshi Club AMA Recap from 10th of June
Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Raptor Finance, a token for hodlers that like to help the fight against climate change. The AMA took place on June 10 and our guests were Miguel Cortez and Ismail.
The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.
PART 1, INTRODUCTION AND COMMUNITY QUESTIONS
Gold Rocket | Satoshi Club: Hello again, dear community! We are pleased to announce AMA with Raptor.
Mister I: Hello and thank you for having us. Busy busy busy
but I like that, no problem I booked enough time for this one.
Mary | Satoshi Club: For the beginning, please, introduce yourself and tell us more about Raptor.
Gold Rocket | Satoshi Club: Thanks again for joining guys! Let’s start! Introduce yourself please. How did you get to be involved in crypto & Raptor? Tell us please about your position Raptor?
Mister I: So my name is Ismail and my partner is Miguel. I am from The Netherlands and Miguel is from Canada, we both started the project together. In my normal life I am a Finance development manager and Miguel is a developer. I am 36 and Miguel is 27. I myself joined crypto in 2017 and Miguel join in 2010 so both long in the game so to say. This is our first project together. We are both open persons and you can always join our TG and ask about our backgrounds in more details.
Miguel Cortez Raptor: Shortly after I first learned about bitcoin! Very long time.
Gold Rocket | Satoshi Club: What is the essence of Raptor?
Mary | Satoshi Club: So, you guys are enough experienced in crypto to start your own project and that’s awesome!
Miguel Cortez Raptor: Most definitely, I’ve been around for a long time. Since I was 16 years old, I’ve watched the cryptocurrency world evolve, I’ve been here for many ups and downs though the markets, the thoughts of mass adoption and the subsequent denial by the masses, we’re here to change the world, as crypto intended.
Mister I: To build a platform that is green and different. We want to change the crypto industry by running our future platforms on green energy and we want to make our RaptorSwap and Blockchain different than the others out there to be unique.
Gold Rocket | Satoshi Club: Tell us about the benefits of your platform. How is it different from others?
Mister I: As mentioned already we run on green servers hosted in the UK. Next to that we are building a DEX platform called RaptorSwap and it will have a normal swap but also it will be a DEX with a CEX view and features.
Gold Rocket | Satoshi Club: Also we would like to know about your Raptor team. Who is on the project team core?
Mister I: We have a big team actually but the core team are on our website actually and all have their different roles. We have Ilija for security, Rinor for Social media, Rob to run communities, Kyle and Romain to run graphics and content and our personal Mexican singer who is our Marketing VP.
Gold Rocket | Satoshi Club: Where is your office located?
Mister I: We do not have an office because we are globally everywhere. We do home office.
Q1 from Telegram user @Einsteinyl
You said that Raptor is a decentralized exchange but with centralized exchange trading option. Actually its make me confuse and I can’t imagine how its work, how it’s possible to combine DEX and CEX into one? can you please explain how the process to place buy and sell order? What other feature that Raptor have inside your exchange?
Miguel Cortez Raptor: In order for us to achieve this, we will have specialized smart contracts, and a dApp in which you interact with them in a non-custodial manner, when you submit a buy or sell order, your order will go on chain, to our smart contract, be saved immutably on chain, and when the conditions are met, your order will execute. Doing so will allow us to essentially build all of the amazing Centralized Exchange features that everyone is familiar with, and brings value to the industry. Only we will be able to provide it completely decentralized and free from regulation. Using Web3 and Specialized smart contracts in short is how we plan to achieve this.
Mister I: Specially for this AMA we share this snapshot of the first design. We changed things already a bit but it is shared to give you an idea. There will be more boxes on the top. The right box will have 3 Tabs. One Swap, one buy/sell and the 3rd is a secret ;). On the bottom you will also have 3 tabs with Transactions, open orders, order history.
Next to that we will build more functions over time of course.
Mary | Satoshi Club: Will you have any KYC verification on your platform?
Miguel Cortez Raptor: Absolutely not, we are powered by web3. This allows us to allow you, and everyone who uses our platform to interact with anything Raptor as nothing but a hash, as it was intended to be.
Mary | Satoshi Club: Night and day modes?
Mister I: No only night mode. Night mode takes less energy actually so we keep it to that.
Miguel Cortez Raptor: We do not want to know who you are, we believe at our core, that privacy is a basic human right.
Mary | Satoshi Club: Btw, which languages will you have?
Mister I: We will build in more languages over time of course and currently working on adding Mandarin language to our website. We will add as many as possible because we are a global project.
Q2 from Telegram user @Highpee
Your Project was not originally known as Raptor. Initially, you started as a meme coin known as PhilosoRaptor before you hardfork your contract and rebrand to become Raptor Finance. Why did you decide to move a different way from being a meme project despite the popularity and hype surrounding meme projects presently? How was the migration from PhilosoRaptor token to Raptor new contract done because some users are still confused as to whether their old PhilosoRaptor token is still valid in the current Raptor Finance token contract? Which aspect of your project roadmap is affected by this change and how will this switch allow you to add more value to the Raptor Finance ecosystem?
Mister I: Yes, we did start as a meme coin but saw more long term protentional in changing our name and going away from the meme (shitcoin) status. We want to be a serious project and also our community advised us to do it. This made us change the meme image. Next to that we wanted to do more than only be a meme coin.
Mary | Satoshi Club: What about smart contracts? Were they changed?
Mister I: We started putting our heads and funds together and saw the potentials in our project and build this new roadmap. For that we needed to do a hard fork. Sadly, we renounced the ownership of the previous contract so we couldn’t do anything with that anymore and it will run for ever. We announced it everywhere but sadly some people made still the mistake. We refunded many people actually in the first two weeks from our own money because we understood the mistakes that people made. Yes, we changed it completely actually. Now we have staking, lottery already running which wouldn’t be possible with the old contract, never easy to do a hard fork actually but it turned out alright.
Mary | Satoshi Club: That’s great! And what about security? Is your platform safe? Did you pass any audits?
Mister I: We have not done any audits because we wait until July. We know our current contract is safe because we looked at it and also other people with smart contract knowledge. We wait until July because we will launch RaptorSwap. RaptorSwap will be audited then together with our smart contract to ensure the safety of our users, it will be audited by a third party audit company of course.
Q3 from Telegram user @meml97
I read on your Twitter account that at the beginning of June, Raptor Finance already planted 2,000 trees, can you tell us more about this achievement? With what OGN did you work with for this? Where did you exactly planted those trees? Will you have your own spaces designated for that and other climate change activities or will work at different places from all around the world? Also, how regularly will these activities against climate change occur?
Miguel Cortez Raptor: We are currently working with Ecologi, we have a business package with them to offset our entire businesses and all of our team members’ climate impact. With the we get a Raptor Forest as we’ve named it to plants trees in. https://ecologi.com/raptorfinance You can view our forest via this link. We currently have 2 different planting areas, one in Changalane, Mozambique and one in Marotaola, Madagascar. Currently we are able to plant trees in any of the forests sponsored by Ecologi, until we branch out into other tree planting operations of course, we do have our own spaces dedicated in both forests currently. We currently as a team, make climate change actions daily, weekly and monthly. Daily we donate trees and pickup garbage, weekly we drive initiatives in our local communities to pick up garbage and recyclables. and monthly we make sure to offset more carbon than we use via Ecologi. We are planning to expand our planet changing operations as we grow to each corner of the world, another reason we believe heavily in decentralization it allows us to bring our planet changing ideas, and products to every corner of the planet. We make sure these activities take place regularly.
Gold Rocket | Satoshi Club: Will it be possible someday to walk through this Raptor forest?
Mister I: Yes, when everything goes well we plan to have 100k trees planted by the end of this year! By the end of 2022 1m trees is the target! Our own Raptor Forrest! Yes, when everything goes well we plan to have 100k trees planted by the end of this year! By the end of 2022 1m trees is the target! Our own Raptor Forrest!
Mary | Satoshi Club: Wow, that’s super! Why you decided to plant trees? Do you have any story behind this decision?
Mister I: Well first of all I love them and secondly they eat Co2 and release oxygen, but that is not the only thing we will do. Main goal is to donate in research and projects that can help prevent climate change with technology.
We believe that currently we need something special to help our planet and that can only be done with new technology and we want to donate to such projects that can really have an impact. Example a project that cleans up the ocean from micro plastics with nanobots.
Miguel Cortez Raptor: Trees are one of the most important parts of nature, I’m from a part of Canada where we have vast expanses of forests that are untouched by people. I’ve travelled to some places where there is nothing but steel and concrete. Deforestation is one of the largest threats to our climate, and to nature as a whole. By planting trees, we are able to replace what our species takes for granted. I walk outside and I see trees, most of the world walks outside and they don’t get to enjoy that, and unfortunately we spend an awful lot of effort destroying the beautiful forests and jungles we aim to save.
Q4 from Telegram User @yellowchamp
According to your website that you will have an upcoming feature such as farming in the future which generate new tokens. With this, you can keep your total supply balanced. So, is this token will be considering as an additional supply of your token current supply? How will you generate new tokens through farming with Raptors? While generating new tokens in your platform, do you also plan to burn some of it? With this additional tokens that will earn from farming, what impacts will it bring to Raptor Finance network? How it will affect the price of your token? Thank you.
Miguel Cortez Raptor: For our specialized farming, when we generate a new token, for you to farm with Raptor it will be a supplemental token, have its own farm, staking pools, lp pool, and
breeding grounds. We are planning to release several more dino themed tokens, of which will be a part of a specialized farming system. This farming system will feature new tokens, new features, and a specialized fee pool structure to reward users across the entire farming ecosystem.
Each farm will have a new supplemental token. Each farm will have a breeding grounds where you can stake and deposit LP tokens to earn more of that token. Raptor Farm will have a specialized “feeding grounds” where you will be able to deposit your specialized dino tokens from our other farms, “feed” them to your Raptors and earn Raptor Eggs.
These Fed tokens will be burnt directly from their respective token supplies, the supplemental farms will have fees associated which are used to buy back and burn Raptor Tokens, thus continuously increasing the price and controlling emissions which is the biggest problem right now with DeFi Farming. Our Raptor Nests, is where you take your Raptor Eggs after you’ve fed your Raptors some dino food.
At the Raptor Nest, you deposit your Raptor Eggs into our special one of a kind Incubator, there is a breakdown of every transaction fee and a large portion of each fee goes here. It is a specialized pool where you earn rewards based on your share of the “eggs” in the “incubator”. Each user will be able to partake and benefit from the entire Raptor farming ecosystem.
Gold Rocket | Satoshi Club: Share with us please your tokenomics btw.
Miguel Cortez Raptor: We have currently planned:
4 specialized Breeding Farms each will bring new fees, revenue generation, planet saving donations, and fun new tokens and features. Each farm will have fee structures setup to buy back and burn Raptor Token, the token associated with the farm, and donate to the planet!
Using our fee structure and outlying fee usages, we are able to keep Raptor deflationary, and control emissions while still being able to reward users with fun, safe DeFi farming.
More information is of course available upon request via our communication channels!
Mary | Satoshi Club: Wow! Very interesting system! Btw, didn’t you think to join NFT movement? I think Raptor NFTs will look cool.
Mister I: We started with 1Q tokens (coming from the meme coin) and burned 53% We have a 7% transaction fee currently.
The NFT platform will have of course a Dino theme and will be something really fun.
Yes, we plan to have a NFT platform actually in Q4 this year.
Mary | Satoshi Club: Awesome! But I won’t ask a lot about this, we will also have live part, so users will definitely have questions.
Q5 from Telegram User @andrey_seleznov
I have a question about the Raptor Lottery. I read on the website that this is a simple, non-custodial proof-of-work random number generation lottery for Raptor. Users have the chance to win Raptor tokens by buying tickets with Raptor tokens. Do users need to mine tokens in order to participate? I am not sure why it is a proof-of-work lottery, isn’t it a proof-of-stake lottery since users need Raptor tokens to participate? Thank you!
Miguel Cortez Raptor: No absolutely not, it is built upon the principles of Proof-of-Work. It is not a true proof-of-work functionality. What this means is that we use the basis of PoW, which is completely and provably fair to generate lottery results. What PoW is, is a way to generate truth, and realness while staying immutable and uncheatable. When you buy a ticket, it acts in function as if you are mining a block. When you mine a block you generate a hash, when you buy a ticket you generate a hash. Hashes have a real, and immutable numerical equivalent value, making a hash a “ticket number” in a theoretical sense. Once a week the contract in a literal sense makes a transaction of the Jackpot to the address hash, who is attached to the lowest numerical valued randomly generated hash, just as Proof of Work Mining.
Mary | Satoshi Club: Which crypto I can use to buy a ticket?
Miguel Cortez Raptor: This allows us to achieve on chain randomness that cannot be cheated. A one of its kind achievement, as we do not need an oracle to randomly generate a number. We essentially use Proof of Work, as a concept, and apply our logic to it with a specialized smart contract to bring together PoW RNG and Immutability in a fun way. You are able to use Raptor Token currently, although we are able to develop lotteries for any token at all on the Binance Smart Chain, and any other EVM compatible chain as well once we have interpolation with more than BSC.
Mister I: Raptor only currently but we will build many more lotteries actually. We will have BUSD, USDT and BNB coming as well. Plus, also different prices for tickets and different times. So one daily, weekly and monthly for example.
Mary | Satoshi Club: Which prizes users can win? What was the biggest?
Mister I: this week was the second draw actually and I think it was something like 2.4k actually now.
Miguel Cortez Raptor: Currently the winner takes the jackpot, it is non-custodial and decentralized so you receive it automatically from the contract itself.
Mister I: But that will grow when our holders grow of course.
Mary | Satoshi Club: Very nice! And btw, how many participants to win the prize?
Mister I: winner takes all currently.
Q6 from Telegram User @victorogb
I have really tried to come to terms with the seemingly popular actions of most deflationary projects; having a very large amount of initial token supply (most times in the hundred trillions) only to burn more than half of them. Unfortunately, Raptor followed same approach burning 53% of its 1 quadrillion tokens, with possibilities of carrying out more burns in the future. Therefore, what is the rationale behind Raptor’s token burn activities, and how would Raptor seek for a more sustainable way to better manage and limit activities that might breed inflationary tendencies of the Raptor token, which might encourage more token burn actions?
Miguel Cortez Raptor: We followed suite before we made our rebranding from a Meme coin, since than we have developed plans for our farming ecosystem, our buyback and burn schedule from the fees associated with our RaptorSwap and its usage. We are moving away from our massive initial supply, as we do offer things meme coins don’t like farming, and staking, and our eventual NFT ecosystem.
Mary | Satoshi Club: So, do you plan more burns?
Miguel Cortez Raptor: Yes, we don’t have anything set in stone, but there is a possibility of more burns.
Miguel Cortez Raptor: Our farms, and that entire ecosystem have a built in buy back and burn structure. So those will exist indefinitely. These are the basis of not allowing emissions from staking and farming rewards to destroy the value of Raptor.
PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS
The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guests chose some of them.
Q1 from Telegram user @andrey_seleznov
I saw an interesting milestone in your roadmap, in Q2 Raptor was performing a server migration to a green server hosting company. Could you share the details with us please? Has the migration been completed successfully by now? Interesting to learn what hosting company you have found to be green and how they achieve it, do they use only wind/solar to power the server farm? Thank you for staying true to your green initiatives Raptors!
Miguel Cortez Raptor: Hello! Yes we completed the migration to completely green energy hosting several weeks ago, we are using a company called Kualo, what they do is they use wind farms that are 100% certified by E.ON and Ofgem. They provide 100% of Raptors hosting needs in 100% renewable energy!
Q2 from Telegram user @EscobarPBL
Nowadays there are a huge amount of rug pulls, what are you going to do against them? pcs are full of them?
Mister I: Yes, on our platform new token owners can host their liquidity. We will build in RaptorSwap a feature that these owners cannot directly pull out their liquidity. When they do it will be locked for 24 hours and notifications will pop up on our website with a warning that this token is pulling out liquidity and people can take out their money if they wish. Like this we want to tackle a part of the rug pulls.
Q3 from Telegram user @Xusuo
Could you please mention here about what are the utility from your Raptor token? what is the incentives or rewards that your community will get by hodl Raptor token?
Mister I: Currently we have staking active with 5% APY. Tomorrow on Whitebit there will be locked staking announced with different packages. There you can buy currently Raptors and you can then stake for 3 different times. Later with Farming as already explained you can earn more.
Q4 from Telegram user @tatarrama
While reviewing your roadmap, raptorswap caught my attention. Why would we need RAPTORSWAP when there are so many swap alternatives? Could you tell us about Raptorswap’s features such as transaction fee and ease of use?
Mister I: Hi we will have different features as mentioned like a chart, buy/sell orders and many more actually which other swap sites don’t have. Also the fees will be Similar then the other swap sites but part of our fees will be donated to help prevent climate change.
Q5 from Telegram user @Jonahapagu
one of the main challenges Raptor intends to solve is the fact that the crypto industry is not sustainable and green enough, this is one of the reasons why Tesla recently stopped receiving Bitcoin payments… I’m interested in knowing how you intend to resolve this issue from your own end, how will raptor ensure that mining of cryptocurrencies has little to no environmental effect considering the enormous amount of energy required, what plans do you have to ensure sufficient supply of green energy that can be used to mine Cryptocurrencies…
Miguel Cortez Raptor: Hello! What we can’t do is change how any other cryptocurrency works, we are not here to solve the Bitcoin/Litecoin/Dogecoin/AnyotherCoin energy crisis. What we are here to do is solve the cryptocurrency energy crisis going forward. By developing a hybrid PoW/PoS chain, that runs off of completely self-sufficient and self-reliant 100% off grid and renewable energy powered validating nodes, we are able to deliver a PoW/PoS decentralized network that does not effect the environment. We are able to create a clean blockchain, that instead of destroying the planet network fees go towards saving it and it leaves no messy impact behind. We use a specialized system of network communication, solar, wind, water power generation, and recycled hardware stacks to bring this to reality.
Q6 from Telegram user @Derazy
Hundreds of Finance platform appears at the space include Raptor Finance. This is good choice for users’ experience for sure. However, could you determine why we should rather choose Raptor? Thanks.
Mister I: Well not only because we will only be the first green swap and friendly for our environment but also we will have trading features. There will be some already at release but we have many more lined up to come and we will keep updating to ensure comfort trading for our users. We really want to have a Decentralized Exchange where you have the functions of normal exchanges where you need to do KYC. We don’t want that because we believe in privacy.
Q7 from Telegram user @alptrader
You said there is no need for KYC on your dex but what is the daily trading limit on your dex?
Miguel Cortez Raptor: There will be no daily trading limits, we do not believe in regulation, we believe that privacy, free market, and freedom are core human rights. We do not want to control you, limit you, regulate you, or try and know you in any other way than the bare means of connectivity and interaction with our products. We are non KYC verified, do not care for AML regulation, have no centralized team or office, and will never try to stop you from being free.
Q8 from Telegram user @Antonmedan13
tons of projects that promise miracles but never release a working product or prove any revenue, In a short / long release time. Is your system like this? If not, could you please tell us, what makes it different from other projects?
Mister I: We have a budget for of all for it. This is mainly the problem in other projects. To help build RaptorSwap we hired actually a whole team of developers next to our developers to make sure we are done on time. We also always did what we promised so far to the community. Like building the staking platform and lottery which are now up and running.
Q9 from Telegram user @messilolz
How do you get funds to plant 100k trees by the end of year? what are the costs estimated and what is your revenue source for it?
Miguel Cortez Raptor: I foresee us planting more than 100k trees by the end of the year, currently we have been planting trees out of pocket and our community has been planting trees in our forest as well. Our forest is easily accessible. We have no qualms on spending money planting trees that came from our own pockets, this is a part of who we are not just a marketing gimmick. We will fund the trees ourselves in short.
Q10 from Telegram user @Chinthaka93
I think that you have a dinosor in your logo, Am I right? If yes, what’s is the reason to choose that kind of logo? What is the relationship?
Mister I: The reason we changed it was because we wanted to have it connected to Blockchain. RaptorChain will be our product. Our own decentralized blockchain and that is why we changed it.
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Raptor. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.
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