Royale x Satoshi Club AMA Recap from 10th 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 Royale and our guests were @GioNeo and @RaptorDan. The AMA took place on 10 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
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Royale! Welcome to Satoshi Club
D. | Satoshi Club: today our guest are @GioNeo and @RaptorDan !
hello guys! nice to have you here!
Gio: Hi everyone
Dan Royale Raptor: Great to be here — thanks and good day
Gio: This was our first ever AMA
D. | Satoshi Club: [ Sticker ]
Gio: Now were back here for the launch of our V1
Mary | Satoshi Club: Welcome back, guys
Gio: Thanks for having us again.
D. | Satoshi Club: i remember like it was yesterday
Gio: Satoshi club holds a special place in our hearts.
Mary | Satoshi Club: I see, that you didn’t waste your time
D. | Satoshi Club: [
Mary | Satoshi Club: As Royale in ours
Gio: We’ve been working around the clock to launch baby Royale.
Mary | Satoshi Club: And it’s here
So, let’s start?
Gio: It sure is
Dan Royale Rapto: Introducting Royale Mainnet!
Hear ye! Hear ye!
Royale Web 3.0 App Mainnet has arrived
DApp Stablecoin Liquidity Provision
Pool Token (RPT) Staking & mROYA Farming
$ROYA Reserve & mROYA Farming
— Royale Finance (@Royale_Finance) May 6, 2021
Mary | Satoshi Club: As you can see our group became bigger
so, please, give our new members short intro about yourself and Royale
[ Sticker ]
Gio: Im Gio Royale co-founder , Royale is a first of its kind Defi optimised liquidity to power iGaming and Gaming innovation, anything in the Defi world that adopts gamification, cool meeme tokens, NFTs , were here to help the ecosystem grow.
Dan Royale Raptor: Hi all I’m Dan, Royale’s Head of Product Operations!
Mary | Satoshi Club: [ Sticker ]
Mary | Satoshi Club: Thanks! And may be you will tell us something special about Royale, that wasn’t public till today? About it’s creation or something else?
D. | Satoshi Club: nice meme
Mary | Satoshi Club: You understand memes perfectly and your praise is worth a lot
D. | Satoshi Club: i see you very like secrets
Dan Royale Raptor: We have officially now moved into driving Gaming innovation as well as iGaming and we’ll be announcing our first gaming partner very soon
Mary | Satoshi Club: Wow! Can’t wait to hear it’s name
give us small hint! Everything said in Satoshi Club will stay here, we are the best in keeping secrets
Gio: We wan’t to help as many entreupreneurs realise their vision as possible and at the same time drive GDefi adoption
Mary | Satoshi Club: Sure, you will! Your progress is unstoppable!
Gio: I wish we could, it begins with ……. just kidding I can’t tell you
D. | Satoshi Club: [ Sticker ]
Gio: You will know in a few hours
Mary | Satoshi Club: Lol, now we know number of letters
Gio: You are trying hard, Royale rewards for you for trying.
Mary | Satoshi Club: Good hint!
Thank you, guys for your great intro! Do you want to add something or we can move to the questions from our community?
D. | Satoshi Club: you good at puzzles
Gio: [ Sticker ]
We will try our best
D. | Satoshi Club: [ Sticker ]
Gio: [ Sticker ]
Mary | Satoshi Club: Ready?
Dan Royale Raptor: READY!
Mary | Satoshi Club:
D. | Satoshi Club: let’s goooooooooooooooooooooo
Q1 from Telegram user @cryptofollower
Congratulations on your mainnet launch recently, Royale Web 3.0 App Mainnet is released. What will this launch bring to defi iGaming industry? What are the current liquidity pools and loans that Royale providing to iGaming companies? Could you please list some of the most important improvements with this launch?
Gio: The Royale Web 3.0 App is the first of it’s kind decentralised optimised liquidity pools that power iGaming and gaming innovation.
The protocol will be announcing partners that have accepted terms of the decentralised liquidity provision product, and they will be providing their native token as collateral, so the entire process remains on-chain.
Our mainnet has launched with 5 key features that drive the Royale Kingdom’s circular token economy:
• Royale DApp Stablecoin Liquidity Provision
• Royale Pool Token (RPT) Staking & mROYA Farming
• Royale Staking Lots
• ROYA Reserve & mROYA Farming
• DeFi Powered Gaming Liquidity
More improvements and updates are coming within the next few days, we can’t say just yet, but think about huge reductions in gas fees as a clue to what’s coming.
D. | Satoshi Club: can you explain briefly about all 5 keys? what will be the benefits for users?
Gio: When providing liquidity to the Royale pools users recieve RPT the Royale pool token, which they can stake to recieve mROYA, which converts to ROYA, they also benefit from 2 uncorellated value flows, the stable coin optimisation strategies and the stability fees from the gaming companies.
Mary | Satoshi Club: Nice incentives
can you tell us how many users already provided liquidity?
Gio: The Roya reserve is for ROYA holders, they can provide ROYA liquidity and farm mROYA,.
Dan Royale Raptor: The Royale Staking Lots will benefit from both gaming company loan repayments in the form of stablecoins, and also loyalty rewards and unique promotions from our industry partners
Mary | Satoshi Club: Fantastic
Gio: The Defi powered gaming liquidity refers to the liquidity that is used from the LPs to accelerate GDefi projects.
All entrepreuners that have a vision and are willing to work hard should apply on the Royale Web 3.0 App
Click on IGaming operators, Team Royale would love to hear from you.
Mary | Satoshi Club: Thank you for your answers! Ready to go to the next question?
Gio: We are indeed.
Q2 from Telegram user @Jonahapagu
Royale Finance has a tri-level Staking Lot system which was designed to encourage liquidity provision and bring long-term value to the ROYA token… can you explain How this tri-level staking lot system works, how can users participate in each of this staking levels, what are the differences that exist across the levels, and what do users stand to gain for participating in each of the levels of the tri-level Staking Lot system…
Dan Royale Raptor: Now that we’re up and running Royale will soon being providing liquidity for Gaming and iGaming companies in the form of stablecoins, for example to support startup bankroll requirements or general liquidity requirements. As the companies begin to pay back their stablecoin based loans, a portion of the stability fees will be distibuted to the Staking Lots. As well as receiving USDC from stability fees, the Staking Lots will also benefit from loyalty rewards and unique promotions both inside the Royale application and via our strategic industry partners. These benefits will range from Gaming platform perks to exclusive partner token rewards and much more!
Mary | Satoshi Club: Which stablecoins you will support?
D. | Satoshi Club: good question
i just was about to ask
Dan Royale Raptor: We support USDT, USDC and DAI
Mary | Satoshi Club: Good choice!
Gio: V1 lauched on Thursady and the Royale LP contract is closing in on a quarter of a million in stablecoins.
For the record curve.fi took a month to get to half a million.
Mary | Satoshi Club: Incredible achievements
Thank you for your answers! Ready to proceed?
Q3 from Telegram user @Ajpaa
$ROYA provide Utilities which include incentive, Governances, staking mechanism, rewards system, it is also Used to contribute to the Royale Reserve, which serves as an insurance mechanism that provides backstop liquidity to guard against losses in either the stablecoin optimization strategies or iGaming opportunities. I find this interesting because losses should be guard against, so how does the insurance mechanism work? Is there criteria for eligibility? Thanks
D. | Satoshi Club: that’s an interesting question…
Gio: Anyone who holds ROYA can stake it into the ROYA reserve to farm mROYA rewards. We created something called the triple backstop which is a triple layer of security for the safety of our Kings And Queens. The first being the audits by some of the best smart contract auditors on the planet, the second being the coverage from our partners at Bridge Mutual and the third layer being the Royale Reserve. In addition to the security our friends at immunefi.com have also been helping us.
D. | Satoshi Club: strong hands — never sell
Mary | Satoshi Club: If something will happen will you recover users losses? Of course, it’s theoretically
We are doing and have done everything in the DAOs powers to make sure theoretically never happens
Mary | Satoshi Club: Sure! You care about your users!
Thank you for your answers! Ready to jump to the next question?
Dan Royale Raptor: Yes
Q4 from Telegram user @Derazy
It is mentioned that Royale has secured many key partnerships and introduced new incredible features into the Royale Network. And it is also followed by Peckshield audit that announced on the launch of the Royale Web 3.0 App Mainnet. Can you tell us the top firm that have work with you in partners? as well as their contribution to develop Royale 3.0 App? Any plan to expand more features and also more partners?
D. | Satoshi Club: that a lot of cool partners …
in which way are you working with cyberfi?
Mary | Satoshi Club: Really cool! So, what are their contributions?
Gio: We are in discussions with the Dev teams at Boson protocol to enhance user experience such as reducing multiple transactions when network participants wan’t to do some shopping with their crypto. Api 3 are also helping us find more advanced oracle solutions, these are just 2 examples of many, other great partners include Cyberfi, Dafi, immuenefi…. I could go on, they are all great, and we are privileged to be working alongside great visionaries.
D. | Satoshi Club: [ Sticker ]
Mary | Satoshi Club: Thanks! I think you will add more famous names to this picture soon
Not only to picture
Dan Royale Raptor: I’m sure we will… picture and partnerships!
Mary | Satoshi Club: Awesome! Thanks! Ready to go to the next question?
Gio: We hope so.
Q5 from Telegram user @Antoni_azx
I was able to investigate that you plan to reward your stakers with NFTs, in fact, with different types of them, can you tell us the differences between a Queen of Queens, King of Kings and a Royale Flush NFT? Why are they so attractive?
D. | Satoshi Club: did someone say NFT?
Mary | Satoshi Club: Lol
find a gif with two running
Dan Royale Raptor: NFTs will play a significant role in the Royale EcoSystem. There are three different types of Staking Lots available — Queen, King and Royale Flush — and each has an associated NFT. Each staking lot benefits from a discount if you own one of the corresponding NFTs
A Queen of Queens and King of Kings NFT will allow a 28% discount on a corresponding Queen of Queens and King of Kings Staking Lots respectively, whilst a Royale Flush NFT will allow a discount of 10% on a Royale Flush Staking Lot.
Gio: In addition to these discounts there are incentives and special drops for NFT holders.
D. | Satoshi Club: you must add — Ace of Spades as NFT, it would be a bomb
Dan Royale Raptor: You can find the Royale Rarities NFT Collection on sale on OpenSea (https://opensea.io/assets/royale-rarities)
Mary | Satoshi Club: Nice system! How many ROYA i need to stake to get each NFT?
Dan Royale Raptor: If we do we will try to also partner with the band Motorhead for an Ace of Spades remix
D. | Satoshi Club: haha nice
Dan Royale Raptor: Queen Staking Lot is 10,000 ROYA (7,200 ROYA with NFT)
King Staking Lot is 100,000 ROYA (72,000 ROYA with NFT)
Royale Flush Lot is 1,000,000 ROYA (900,000 ROYA with NFT)
Mary | Satoshi Club : 1 000 000 Roya — $400k now, am i right?
Dan Royale Raptor: Just over 400k
Dan Royale Raptor: Each Royale Flush Staking Lot comes with a Royale Red Carpet
Mary | Satoshi Club: Really Royale
Dan Royale Raptor: *joking
Gio: A magic one
Like the one from Aladdin
Mary | Satoshi Club: Ahaha, but it’s like this
Thank you for your answers! Are you ready for the 6th and last question from this part?
D. | Satoshi Club: OMG the last one
Gio: Go for it
D. | Satoshi Club: and 10 in the next part
Gio: Short and sweet
Q6 from Telegram user @yellowchamp
Trust is essential for gamers using iGaming platforms. Royale’s acceleration of use of ProvablyFair algorithms allows a verifiable source of truth that can’t be meddled with.How ProvablyFair algorithm become important and essential to an iGaming platform? How it is being implemented to Royal Finance? How was the gamers experience for having a ProvablyFair algorithm being applied to Royal Finance iGaming platform?Thank you
D. | Satoshi Club: that’s a tough question guys
Gio: Royale does not use provably fair algorithms, but the gaming companies that the Royale LPs provide liquidity for do. The original vision was based on accelerating the use of provably fair tech, as currently iGaming operators use black box algorithms that can be manipulated, Royale promotes a fair and transparent world, by allowing players to verify the source of truth for their wagers.
Mary | Satoshi Club: So, you use third part algorithms, right?
Gio: Not necessarily, Provably fair algorithms are open source, anyone with. the know how can use them, we make sure that the gaming companies that recieve the liquidity use them, and that the Random number generators are certified.
By an independent third party
That way players can feel secure, and know they have not been cheated.
Mary | Satoshi Club: That’s great!
Thank you for your answers! And live part is almost here
Gio: Ok great
Mary | Satoshi Club : Ready for the storm, guys?
D. | Satoshi Club: live part
Mary | Satoshi Club: Let’s go
Part 2 — live questions from the Telegram community
Q1 from telegram username @messilolz
I am confused of all three tokens usecase and utilities, can you please clarify it RPT, ROYA and mROYA one by one or do you have any article for it?
Q2 from telegram username @cryptonation2
How big and strong is your community? do you have community for non english users?
Gio: We have Turkish, vietnamese and Korean, and will be adding more.
Q3 from telegram username @topind7
How can entrepreneurs benefit form Royale platform?
Dan Royale Raptor: If you’re an igaming or gaming entrepeneur looking for financial support for your startup then get in touch with us
Q4 from telegram username @cryptofollower
As I know Royale is not here to build a gaming platform but here to provide liquidity to iGaming industry. What are the challenges that current iGaming industry facing right now? How do you solve these problems? And why iGaming industry needs Royale?
Dan Royale Raptor: iGaming and Gamin industries are already huge, and because of this, breaking into the mainstream is also a huge task. We are here to help startups and entrepeneurs with financial and accelerator support so they can fight head-to-head with the existing industry giants and their monopolies
Q5 from telegram username @yellowchamp
According to one of your twitter post that Virtual gaming and augmented reality AR is soon to be introduced into the booming online iGaming industry and Royale is to drive to that vision. So my question is,when can we expect a virtual gaming and augmented reality AR from Royale Finance? With this vision of yours, what maybe the good impression and big impacts that it will bring to Royale Finance network especially to users and gamers? Thank you
Gio: One of our associates is building an AR game that we are looking at, there is a possibility that we will work together in the future, but nothing is concrete yet.
Q6 from telegram username @alptrader
Who provide liquidity into the Royale ecosystem and how system decides to lend to who or not?
Dan Royale Raptor: Our community will provide the liquidity for the iGaming and Gaming companies. In order to be accepted, these companies will endure a very rigid due diligence and onboarding process to ensure the business is logical and sustainable. This will include analysis such as code audits and rigorous platform testing. Risk will be reduced by the companies providing collateral, for example in the form of tokens or even intellectual property rights. Final decision will be voted on by the governance council
Q7 from telegram username @xperia3
People like to invest on the projects which they believe and more importantly where they fill like in a family. Community connections has a key role nowadays for a successful project. My question is, what are Royale Finance Team’s plans to create a CORE COMMUNITY?
Gio: We have already started an Ambassador programme and are updating our community weekly with the progress the Royale DAO makes, we will be strating a weekly AMA in the Royale TG now that V1 is live, we are consitently adding new products which you will see over the coming weeks which will further enhance the community.
Q8 from telegram username @Nataliyakil
Royale is a cross-chain De-Fi solution for the iGaming industry.
In this regard, you declare that every online casino can attract gamers with your Provably Fair range of games supported by your community of token holders. What is the Provably Fair system and how do online casinos and gaming portals use it to attract gamers?
Gio: This is part of our V2 , it is a provably fair suite of products, that can plug into any gaming company’s platform, more to come on this soon, and a sneak peak of the U.I in Q3
Q9 from telegram username @bill_gatesx
‘It is acknowledged that projects need an active community that is highly motivated and focused on the development of the project. Will you offer rewards and incentives to maximize contribution from your community????
Dan Royale Raptor: Yes 100%! We would like anyone who contributes to the Royale ecosystem to be rewarded. On top of general application protocol functions like staking and providing liquidity, soon there will be many mroe layered reward programs to expand the Royale Realm!
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/