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Slope Finance x Satoshi Club AMA Recap from the 27th of October

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 Slope Finance and our guest, Sam (@SlopeFinance). The AMA took place on the 27th of October.

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&WebSite

Luis Merino

| Satoshi Club: Hello everyone and welcome to the third AMA today. Our guest is Sam (@SlopeFinance), representing Slope Finance. Welcome to Satoshi Club😊👍

Gold Rocket | Satoshi Club: Greetings dear Satoshi Club❤️

Luis Merino

| Satoshi Club: How are you all doing today? Ready for a great AMA guys?😉

Sam Slope: Good afternoon everyone! Yep, I am ready.

Luis Merino

| Satoshi Club: Hey Sam!

Sam Slope: This is Sam, nice to meet you guys. How is everything going?

Luis Merino

| Satoshi Club: Doing quite well here, how are you?😊👍

Sam Slope: I am great, thank you!

Luis Merino

| Satoshi Club: Nice to hear)

Gold Rocket | Satoshi Club: We are really excited about the upcoming AMA with you😁

Sam Slope: Let’s start.

Gold Rocket | Satoshi Club: Let’s start! Introduce yourself please. How did you get to be involved in crypto and Slope Finance? Tell us please about your position in Slope Finance.

Sam Slope: It is my pleasure to be here.

Gold Rocket | Satoshi Club: Nice to e-meet you❤️

Sam Slope: Thank you, I am Sam, I am Slope Finance VP. I worked in traditional internet operations for many years. In 2017, I entered the blockchain field and started project operations, beginning with building the team and expanding market from 0 to millions. I was responsible for running and raising money for projects such as Polkadot and Terra before.

Luis Merino

| Satoshi Club: That’s a nice background)

Sam Slope: Thank you.

Gold Rocket | Satoshi Club: Wow…you came on the last bull run😁 By the way great experience, Sam.

Luis Merino

| Satoshi Club: Can you please give us a short explanation about what Slope Finance is?

Sam Slope: Sure, Slope refers to the Wallet and DEX built on the Solana blockchain for the community.

Slope has committed itself to becoming the infrastructure for the Solana ecosystem with a wallet as its entrance, providing a more comprehensive solution as well as easy access for more users.

There are now two products that have been launched on Slope, including Slope Wallet and Slope DEX. Slope NFT Market and Slope DAO will come soon.

Slope Wallet, as the first cross-terminal wallet in the Solana ecosystem, provides users with a more intact experience in the system.

Slope DEX is the first mobile DEX based on Solana, which delivers an interactive experience of CEXs to users, and provides decentralized means of exchange.

It is now planned for Slope NFT Market to connect with leading infrastructure in the Solana ecosystem, so as to provide more options of mobile storage and bidding NFT for our users.

Slope has been adhering to the concept of building for the community from the start. Slope DAO, as an important infrastructure for the community to participate in the construction of Slope, is also included in the development plan.

In addition, Slope is developing a new heavyweight feature for a project secretly. Through unremitting efforts, our team hopes to provide users with a better experience. Please stay tuned for the latest progress of Slope.

Gold Rocket | Satoshi Club: Thanks for your answers! Quite an interesting concept and ambitious goals!!!👏👏👏

Luis Merino

| Satoshi Club: Let’s jump into community questions then. I think we are ready.

Sam Slope: Yes.

Q1 from Telegram user @highpee:

Slope is a unique DEX built on Solana ecosystem and one of the uniqueness of your DEX is that is comes with a in-built trading bot which users can use to automate their trading and obtain effective assistance. I will like to know more about this trading bot. How will traders use it and how does it enable a simplified trading that will allow a trader to earn high frequency trading reward? During seasons of volatility, how will the Slope grid trading bot to be set by users to obtain stable or tangible passive profit and how will this be done with substantial reliability devoid of reduced exposure to risks or volatility?

Sam Slope: Automatic Market Maker (AMM), as a great innovation, has pushed the development of De-Fi to a new level. However, there exist many problems in AMM, for example, users have to provide liquidity for both parties.

Users are not allowed to provide liquidity for specific prices. Users are not allowed to provide liquidity for any prices other than the current ones.

Users are unable to provide liquidity by confirming the number of quotations on their own terms. Thus, the actual number of quotations is always more than planned.

Gold Rocket | Satoshi Club: And the benefits and disadvantages are obvious. How do you propose to change this?

Sam Slope: An order book can solve these problems well, but the existing DEX has no order books. That is because matching orders from buyers and sellers require a large number of calculations, while the Ethereum network is rarely cost-effective.

Slope DEX based on Solana provides a matching mechanism for order books. Without trusting third-party supervision, Slope DEX is completely comparable to traditional centralized exchanges in terms of speed, price, and user interaction. Supported by Serum’s cross-chain integration, users can exchange various tokens such as BTC, ETH, ERC20 and SOL on Slope DEX.

Luis Merino

| Satoshi Club: Sounds great😁

Gold Rocket | Satoshi Club: How will traders use it and how does it enable a simplified trading that will allow a trader to earn high frequency trading reward? (С)

Sam Slope: We prepare the trading bot for users, and the trading bot will allow users to set their trading strategy. Trading bot will help users trade at the best time when users are offline to help maximum their profits.

Gold Rocket | Satoshi Club: Thanks for your great answers. Let’s proceed to the next question!

Luis Merino

| Satoshi Club: Let’s gooo!🚀

Q2 from Telegram user @DK177:

You have mentioned that your wallet can be accessed from multiple devices. As per my knowledge, any cryptocurrency wallet can be accessed from multiple devices by using the username and password/seed phrase. Therefore, what do you exactly mean by this feature? Compared to other wallets, what is your difference in terms of accessing? How does that difference make the user’s experience better?

Sam Slope: Thank you for asking, Slope Wallet is the first cross-platform Wallet in Solana ecosystem, we are available on both google extension and mobile end. All users can import their wallet by importing their private key.

Please remember to backup your private key.

Gold Rocket | Satoshi Club: Safety first👍

Luis Merino

| Satoshi Club: Important, Satoshi Clubbers!

Sam Slope: The major differences of Slope Wallet is that we are the first mobile gateway to Solana ecosystem. All users can access most projects in Solana ecosystem via Slope mobile end. Besides mobile wallet, we have Nucleus, an integration news collection in Solana ecosystem. You can track all IDO, ranking and latest news in Solana.

Gold Rocket | Satoshi Club: Thanks for your answers😊 Do you want to add something or we can proceed to the next question?

Sam Slope: That’s it.

Luis Merino

| Satoshi Club: Third one is here!😉🚀 @GoldRocket27, shoot it.

Q3 from Telegram user @Pavel_Jarosh:

Slope is announcing to be building the World’s Best Mobile Decentralized Exchange and Wallet confirming, at the same time that only a few wallets are supporting Solana blockchain, the experience being poor. Could you expand on that statement. The issue of them is that they are not adequately developed or the fact that using Solana stops them from being at the top? Why have you chosen Solana and not any other blockchain technology?

Sam Slope: I have tons of info that I want to share with communities, but only limited time, so that’s it.

Gold Rocket | Satoshi Club: Yes we understand! Hot time now🔥🔥🔥

Sam Slope: As we all know. all projects on Ethereum met problems. High gas fee, long time congestion. Users and projects are eager to look for a long time solution.

The overarching goal of the Solana software is to demonstrate that there is a full array of software algorithms using the combination to create a blockchain.

Therefore, this would allow transactions throughout to scale proportionally with network bandwidth serving all traits of a blockchain — scalability, security, and decentralization, which work as the cornerstone of Slope.

$SOL pumped from 30 USD in July to at most 200 USD in September, which also give us confidence to explore a great wallet for community users.

Luis Merino

| Satoshi Club: Yeah it has experienced a nice pump)

Gold Rocket | Satoshi Club: Thanks for your detailed answers😊 Ready for the next question?

Sam Slope: Yes, let’s go.

Q4 from Telegram user @Mora110:

I read that Slope Finance just won project sponsored award in Solana Season Hackathon (Global), what are the advantages of that, can you explain more in order to understand?

Sam Slope: Oh, thank you for asking, you must mean we won dual prize in Solana Season Hackathon. You can check the details at: https://slope-finance.medium.com/slope-finance-won-solana-season-hackathon-dual-honors-slope-cross-platform-wallet-launched-3417868fac45

We won these two prizes when we were starting to operate and expand the market.

Gold Rocket | Satoshi Club: Congratulations!🤩 Great results👏👏👏

Luis Merino

| Satoshi Club: Congratulations!

Sam Slope: The advantage of Slope Finance is that we have Wallet and DEX as well as DAO. All of them were designed for community users.

Currently, we only have Slope Wallet. In terms of Slope Wallet, 2 features make it more powerful.

  1. Slope Browser, which integrates a batch of Solana-centric Dapps that can ensure you access to a wide range of services from De-Fi to NFT marketplace.
  2. Slope Nucleus, an information hub, it provides you with the latest news, ranking, and activities on Solana.

Gold Rocket | Satoshi Club: It is truly a set of tools for the successful development of a project! Thanks a lot for the answers!😊

Luis Merino

| Satoshi Club: Slope Wallet is undoubtedly the way! Congratulations with that.

Do you want to expand the information related with this question?

Sam Slope: But the most important thing is that we always fill users’ rigid demands and do what community users want. We always have tons of airdrops for community users. That’s one of the important reasons of more than 150K downloads in 4 months!

That’s it, thank you.

Luis Merino

| Satoshi Club: 150K! Such an impressive number😄👏

Sam Slope: Thank you, community helps a lot.

Luis Merino

| Satoshi Club: Community is the way 😉

Gold Rocket | Satoshi Club: Thanks for your clarification❤️

Luis Merino

| Satoshi Club: Ready for the fifth question then?

Sam Slope: Yes.

Q5 from Telegram user @Tiemel5:

I see Slope Finance has partnered with lots of firms including Raydium, Port finance, Bonfida, Larix, Solend and many more. With these, how can the community itself contribute to the uptrend growth momentum of this project? What exciting plans till the end of the year do you have to keep us involved in Slope? For non crypto users, how will they be involved and what strategy will you apply for mass adoption of Slope products?

Sam Slope: Thank you for asking, actually we can not accomplish these without community support. Projects in Solana are willing to collaborate with us not only because we provide user friendly mobile wallet, but also strong community endorsement.

We are always aiming to introduce more users into Solana ecosystem and bring more Solana assets to other systems. Crypto newbies need to be taught by market, but we all agree that the pump of $SOL is the good beginning.

At the end of November, Slope NFT Marketplace will be launched so that users can trade NFT in Solana mobile wallet. In December, Slope DEX will be launched. Please stay tuned.

Gold Rocket | Satoshi Club: Indeed!

Luis Merino

| Satoshi Club: The last question of this part is knocking at the door. Sam, may I tell Gold to open it?😉

Sam Slope: Lol sure.

Q6 from Telegram user @Emidm28:

You mentioned that Slope is governed by Slope DAO, and all community members who hold $SLOPE can participate in project governance. Shouldn’t we have a specific minimum amount of tokens to be able to participate in governance? In case everyone can participate, regardless of the number of tokens each user has, how is the voting power of each user determined? How many tokens must we have to be able to make new proposals?

Sam Slope:

Please check here, you will learn the percentage for community.

Luis Merino

| Satoshi Club: Great infographic😄👍 I have no extra questions because this picture contains all the info😂😂

Sam Slope: Exactly.

Gold Rocket | Satoshi Club: It’s amazing what you just told us! Thanks a lot! Now get ready for the most impressive part of our AMA! Live questions🔥🔥🔥

Sam Slope: I am ready.

Luis Merino

| Satoshi Club: You sure? Huge storm of questions arriving 😄

Sam Slope: Lol, I never doubt that.

Luis Merino

| Satoshi Club: Okay, community, prepare your best questions for Sam please. I will open the chat for 2 minutes. Good luck everyone!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Crypto_84:

On Slope Wallet, a new features called “Nucleus” was introduced, can you tell more about this feature?

Sam Slope: Thank you for asking.

“Nucleus” is our new feature, and it was in Slope Mobile Wallet 1.3.1 version. Nucleus is the heartbeat of Solana. Users can track all info in Solana ecosystem such as: investment, token ranking, news, IDO, AMA and airdrop info. You can download and have a try.

⬇️Download Slope Wallet⬇️

📌IOS: https://apps.apple.com/us/app/slope-wallet/id1574624530

📌Google Play: https://play.google.com/store/apps/details?id=com.wd.wallet

Q2 from Telegram user @Jonathantross:

Is Slope Finance audited and verified? If yes, can you tell me about the auditing? Are you planning to launch the Bug Bounty Program for community to make your platform more secure?

Sam Slope: Thank you for asking. Security is the top priority for us.

Slope Finance smart contract was audited by Certik, you can check the details at slope.finance.

We have bug bounty activity on our website, please feel free to submit a bug on our website.

Q3 from Telegram user @NAZMP2:

It is a successful marketing tactic for attracting people’s attention. Projects usually organize events and provide airdrops or freebies. Do you have any similar upcoming events? If that’s the case, could you please tell us how we may get involved?

Sam Slope: We are launching a Halloween NFT airdrop right now, you can join us by following the below rules:

Day 3️⃣ of Slope Finance Halloween Crazy Night NFT Airdrops 🔥

⬇️Download Slope Wallet and grab a total of 5,000 NFT Airdrop

⏰ 10:00 am Oct 25th — 10:00 am Oct 29th UTC

📌Rules:

✅Winners will be announced on Oct31th

✅Winners can claim NFT at 12:00pm 1st Nov, We will have announcement, please stay tuned.

⬇️Download Slope Wallet⬇️

📌IOS: https://apps.apple.com/us/app/slope-wallet/id1574624530

📌Google Play: https://play.google.com/store/apps/details?id=com.wd.wallet

Q4 from Telegram user @Kargil1999:

Slope Finance is continuously increasing its partners as well as its user base for attracting community who can sticks with Slope Finance for a long term. How do you plan to gain their trust?

Sam Slope: Besides smooth and user-friendly products and strong community, we also have great funds as endorsements.

You can check all of our investors at slope.finance.

Q5 from Telegram user @Orlemys:

I read that your platform will offer options to mint, collect, and auction our NFTs, however, I’d like to know if we can only do this with Slope’s native NFTs, or if we can add NFTs from other chains and platforms? Also, do you have partnerships with any NFT heavy platform? Like gaming platforms? Can we also mint and auction those NFTs?

Sam Slope: Currently, Slope Wallet can send and receive NFTs in Solana chain. But we are working on cross-chain features, please stay tuned. We have collaboration with Metaplex in developing NFT marketplace.

Q6 from Telegram user @Nonerlike:

I believe you are a global project. Do you have local community chats for non English speaking countries?

Sam Slope: Sure, we have, and we also have a Global Partner Recruitment Program which is well paid. All of you can apply to be a local partner at: https://slope-finance.medium.com/slope-finance-global-partner-recruitment-program-252fafbc64d5.

Q7 from Telegram user @munishgmr:

Do you plan to communicate with various institutions around the globe for cooperation?

Sam Slope: We are open for that, and please send your proposal to hello@slope.finance.

Q8 from Telegram user @rosary_23:

Before starting with the Slope Wallet, I want to ask you, do I have to pay to use the Slope Wallet and which cryptocurrency can I find in it?

Sam Slope: No, you do not need to pay, and almost all tokens in Solana ecosystem were included.

Q9 from Telegram user @Kabirkapoor9:

Is it possible to convert crypto to fiat or vice versa on Slope Finance App? If yes, then do we have to give authorization to third party for such transaction?

Sam Slope: Sorry, we have no fiat service at the moment.

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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