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Satoshi Club

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

Hello Satoshi Club! We are happy to announce our AMA session with Royale! Welcome to Satoshi Club

today our guest are @GioNeo and @RaptorDan !

hello guys! nice to have you here!

Hi everyone

: Great to be here — thanks and good day

This was our first ever AMA

[ Sticker ]

Now were back here for the launch of our V1

Welcome back, guys

Thanks for having us again.

i remember like it was yesterday

Satoshi club holds a special place in our hearts.

I see, that you didn’t waste your time

[

Sticker ]

As Royale in ours

We’ve been working around the clock to launch baby Royale.

Thanks

And it’s here

So, let’s start?

It sure is

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

Staking Lots

$ROYA Reserve & mROYA Farming

DeFi Powered Gaming Liquidityhttps://t.co/U5L8hw3gEU#iGDeFi #Gaming #DeFi

— Royale Finance (@Royale_Finance) May 6, 2021

As you can see our group became bigger

so, please, give our new members short intro about yourself and Royale

[ Sticker ]

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.

: Hi all I’m Dan, Royale’s Head of Product Operations!

[ Sticker ]

https://esatoshi.club/wp-content/uploads/photo_2021-05-10_18-53-13-1024x560.jpg

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?

nice meme

You understand memes perfectly and your praise is worth a lot

i see you very like secrets

: We have officially now moved into driving Gaming innovation as well as iGaming and we’ll be announcing our first gaming partner very soon

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

We wan’t to help as many entreupreneurs realise their vision as possible and at the same time drive GDefi adoption

Sure, you will! Your progress is unstoppable!

I wish we could, it begins with ……. just kidding I can’t tell you

[ Sticker ]

You will know in a few hours

Lol, now we know number of letters

You are trying hard, Royale rewards for you for trying.

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?

you good at puzzles

[ Sticker ]

We will try our best

[ Sticker ]

[ Sticker ]

Ready?

: READY!

let’s goooooooooooooooooooooo

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.

can you explain briefly about all 5 keys? what will be the benefits for users?

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.

Nice incentives

can you tell us how many users already provided liquidity?

The Roya reserve is for ROYA holders, they can provide ROYA liquidity and farm mROYA,.

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

Fantastic

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

https://app.royale.finance/

Click on IGaming operators, Team Royale would love to hear from you.

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

We are indeed.

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!

Which stablecoins you will support?

good question

i just was about to ask

https://esatoshi.club/wp-content/uploads/photo_2021-05-10_19-22-56-1024x237.jpg

We support USDT, USDC and DAI

Good choice!

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.

Incredible achievements

Thank you for your answers! Ready to proceed?

Ready

that’s an interesting question…

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.

strong hands — never sell

If something will happen will you recover users losses? Of course, it’s theoretically

Theoretically.

We are doing and have done everything in the DAOs powers to make sure theoretically never happens

Sure! You care about your users!

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

Yes

that a lot of cool partners …

in which way are you working with cyberfi?

Really cool! So, what are their contributions?

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.

[ Sticker ]

Thanks! I think you will add more famous names to this picture soon

Not only to picture

I’m sure we will… picture and partnerships!

Awesome! Thanks! Ready to go to the next question?

We hope so.

did someone say NFT?

Lol

find a gif with two running

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.

In addition to these discounts there are incentives and special drops for NFT holders.

you must add — Ace of Spades as NFT, it would be a bomb

You can find the Royale Rarities NFT Collection on sale on OpenSea (https://opensea.io/assets/royale-rarities)

Nice system! How many ROYA i need to stake to get each NFT?

If we do we will try to also partner with the band Motorhead for an Ace of Spades remix

haha nice

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)

1 000 000 Roya — $400k now, am i right?

Just over 400k

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Each Royale Flush Staking Lot comes with a Royale Red Carpet

Really Royale

*joking

A magic one

Like the one from Aladdin

Ahaha, but it’s like this

Thank you for your answers! Are you ready for the 6th and last question from this part?

OMG the last one

Go for it

and 10 in the next part

Short and sweet

that’s a tough question guys

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.

So, you use third part algorithms, right?

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.

That’s great!

Thank you for your answers! And live part is almost here

Ok great

Ready for the storm, guys?

live part

Let’s go

Part 2 — live questions from the Telegram community

https://royalefinance.gitbook.io/royale-docs/app-guide

We have Turkish, vietnamese and Korean, and will be adding more.

If you’re an igaming or gaming entrepeneur looking for financial support for your startup then get in touch with us

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

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.

: 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

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.

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

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.

English Telegram group: https://t.me/Satoshi_club/

Russian Telegram group: https://t.me/satoshi_club_ru/

Spanish Telegram group: https://t.me/satoshi_club_spanish/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Telegram: https://t.me/Royalefinanceofficial

Twitter: https://twitter.com/royale_finance

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