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SubDAO x Satoshi Club AMA Recap from 2nd of November

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 SubDAO and our guest was @TonyMontanaIGVN — representative of SubDAO. The AMA took place on the 2nd of November.

The total reward pool was 500$ and has been split into 3 parts.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Website


Hey Satoshi CLU₿.


Hello, Satoshi Clubbers we are excited to announce our AMA session with subDAO 🥳


A pleasure to be here with you guys.


Welcome to Satoshi club @TonyMontanaIGVN

It’s our pleasure to have you here 😊


How is your day going?


So excited, big things coming with SubDAO, and happy to have your support.


We are excited as well.. so let Start our AMA session

Can you introduce yourself to us, your experiences, and how you came into the crypto space?


Sure.

I’m Tony, co-founder of PolkaWarriors, DotMarketCap & Illusionist Group also the Core Member SubDAO Labs

As a gamer, I knew about cryptocurrencies quite early, but it was not until 2017 that I really researched more about crypto and blockchain. I always try to contribute to the cryptocurrency and blockchain community with new users coming from all over the gaming world.


Superb you have been involved in great projects 😁

So can you tell us a Bit about subDAO, what is the project all about and what are its important features?


And also in a great community (Satoshi CLU₿ 😉


Yeah. As a Great Guest 😉


Nice to e-meet you, Tony, we are glad to have you here.


As you may know, DAO is becoming one of the most important things that every single project has to have. Creating a DAO is not a new thing to the guys involved in the blockchain world, just like shooting a man to the Moon is not news to the fiction novel readers nor people. But the opportunity for everyone to easily travel back and forth between the Moon and the earth really makes a big difference!

SubDAO allows any decentralized organization to swiftly create and manage DAOs.

We are committed to serving as a Web3.0 entry by providing blockchain-based digital agreement signing, DAO social networking, asset management, and other tools and services.

Everything that SubDAO team is trying to do is to build a cheap, reliable, and fast enough vessel for people to travel between the Moon and the earth even further than Mars and the Earth. The team wants to provide a cheap, reliable, and fast enough way for everyone to create DAOs and DApps across different chains. With SubDAO, users and projects can even create their own DAO then connect it to their DApps, no need for any tech knowledge.

Hey @AndresM77, we’ll never walk alone man.


Of course my friend haha, Liverpool fan?


Impressive 👏👏


See you at the KOP someday man.


Great description of the project, we are happy to know people are still creating different ways to improve de DAOs we know at the moment


Yeah. This brings me to my next question 😊. Who do you walk and work with on this project (I mean your team members) how many are they?


See you there, Anfield is waiting💪


We have an A team with some core members

  1. Qiang is Former Chief Solution Architect in Tencent
    Former Team Lead in IBM
  2. Sang Tran
    Founder of PolkaWarriors, DotMarketCap.com & Investment Partner at Illusionist Group
  3. Marvin Tong
    Co-Founder of Phala.network, Co-organizer of Privacy Computing In China. Former Senior Product Manager at Tencent & Didi
  4. Humphrey
    Investment Advisor of PAKA Fund
  5. Owen
    Former Partner of Stafi.io
    Former Business Partner of Wetez
  6. Yuki
    Former CMO at the Force Protocol(FOR)
  7. Dajun
    He has more than 12 years of programming experience and has worked in Alibaba for 4 years. He was also the core development engineer of Wetez and StaFi.io.

And I, the one in this AMA today with you guys 😉


Great Team… 👏👏👏

Thank you for the introduction.
We have selected some questions from our Community are you ready for them?


But in order to be successful, we also need strong support from a community like yours.

Let’s goooo

Q1 From Telegram User @chinyere2020


Ass you know, The SubDAO Network consists of four parts: SubDAO Node, SubDAO Airfone SDK, SubDAO Smart Contract, and SubDAO App front-end.

The SubDAO Node is a blockchain node developed using Substrate. It carries the blockchain node capabilities and also provides off-chain data access, and is the foundation of the SubDAO Network

SubDAO Airfone SDK is a set of SDKs to provide developers with links to the DAOs in the SubDAO Network, providing a DAO governance interface wrapper that allows developers to easily and quickly integrate DAO governance capabilities into applications on the web, iOS/Android mobile devices, and PCs.

SubDAO App Front End is the plane for users to interact with the DAO, and participants of the DAO through the SubDAO App Frontend can directly participate in the governance of the DAO.

SubDAO Smart Contract is the core of the DAO’s governance capabilities. Through smart contracts, the governance behavior of the DAO can be guaranteed in a loose schedule without worrying about human interference in the governance behavior. There are several components in SubDAO smart contract, namely Template Library, Asset Vault, and SubDAO Guard.

  • Template Library is the core component of SubDAO smart contract, which consists of the main smart contract and several smart contract modules. Its main function is to provide and manage a variety of DAO organization templates for various common organization forms and provide modules that can be customized to allow DAOs with certain R&D capabilities to define new modules as needed.
  • SubDAO Guard is the component that manages the functionality in the SubDAO Network. All governance actions for the SubDAO Network are performed through the SubDAO Guard component, such as modules added to the SubDAO Network, and adjustments to the functionality of the SubDAO Network, etc.
  • The Asset Vault component is the asset management component that provides the DAO within the DAO. All assets coming across the chain via Polkadot and other chain bridges and other assets on the chain are managed by Asset Vault.


Great explanation and interesting products. So, to create a complete system like that you should be sure about the security of the structure

So, how safe is this system? Have you done audits to verify everything is ok with the smart contracts?


Security first, everything later.


Exactly…. 👍


Haha perfect, anything to add before the next question?


Besides #SAFU, we also have completed the first Grant of Web3 Foundation and passed the audit, and received Investment from Huobi DeFi Labs.


Congratulations, as you said, “security first”👏


Ready for the next question?


Yeah.

Q2 From Telegram User @Pavel_Jarosh


PolkaSign is a reliable Web3.0 application providing an electronic agreement signing service. PolkaSign uses the Substrate Framework based on the SubDAO network to develop, featuring both blockchain and decentralized storage. All details including signature, signer, agreement files list, etc. of the agreement are written with a smart contract on the blockchain, and can’t be maliciously tampered with.

All details including signature, signer, agreement files list, etc. of the agreement are written with a smart contract on the blockchain, but this is not the only function for PolkaSign. The PolkaSign provides a dapp to handle agreement files(PDF only), co-signer, and links, to interact with decentralized storage and smart contracts on the blockchain. The smart contracts of PolkaSign are based on ink! and any substrate-based chain can adopt these smart contracts easily.

Check the Github MD document for more details:https://github.com/SubDAO-Network/Grants-Program/blob/master/applications/SubDAO_PolkaSign.md

We can sign Erling Haaland with PolkaSign someday.


This is like a guide, right? The SubDAO system could be a little complex for non-crypto users


We invite two users, Alice and Bob, to help us to show the workflow of the PolkaSign. The main task is that Alice wants to sign an agreement with Bob

Alice compiles an electronic agreement with the PolkaSign, making the electronic agreement files are stored in the decentralized storage system.
Then Alice adds Bob’s wallet address as co-signer and signs the contract with her private key.
Alice shares the information of agreement with Bob.
When Bob launches the PolkaSign with his wallet, he will find the very agreement waiting for him to sign.

Everything is done when Bob approves and signs the agreement sent from Alice in PolkaSign.


Uff, that would be too much Sané — Haaland — Salah 😬


I wish Messi too 😁


Thanks for the explanation, the possibilities to use Blockchain are amazing

This system could replace the current financial system I think😁

@TonyMontanaIGVN thanks a lot for your detailed answers, the 3rd question is knocking on the door and is ready If you are.


Yeah ready already 😉

Q3 From Telegram User @Cheriemike

.


GOV, short for “Governance”, is the native token of the SubDAO network. The total supply of GOV is 1 billion, with an annual inflation rate of 5%.

Functions of GOV token
Gas
GOV will function as a means of satisfying network fees natively. It will be required to execute DAO creating, voting, transactions, and other on-chain behaviors on SubDAO network.

Governance
GOV holders will each have the ability to vote on all aspects related to the management and administration of SubDAO Network, through governance, including governance action, referenda, network upgrades, council elections, and parameter adjustments, integrations, changes to incentives, and all other managerial functions.

Staking(Mining)Rewards / Network Incentive
GOV will be used as a token to incentivize users to try out our products as part of the Governance Mining program.

Payment for Service / Product
SubDAO will launch the General and Professional version of the Template Library for simple and complex DAO organizations of different types (Including decision-making mechanisms and management mechanisms). DAO Template requires paid GOV to use. SubDAO Treasury will support and reward developers to develop templates and allow them to charge the public for different GOV fees.

https://twitter.com/subdao_network/status/1455512066010193921/photo/1

you can see more detail in this infographic.


Thanks for share it. Let’s join Satoshiclubbers

About the staking feature, can you tell us how high will be the APR? Is it established?


The SubDAO platform provides APY subsidies to pools in its native token GOV. The subsidy is based on LP tokens generated from pools. Meanwhile, LP token and the native token can be combined to farm in the GOV pool with a high APY, thereby realizing multiple reward sources.DAO organizations will continuously attract High APY so as to realize the cold start of the project and to establish a user base.
SubDAO will introduce the Defi farming mechanism for Genesis Farming with its APY continuously decreasing within the 6 months during farming.

But don’t worry, the APY will be …


Amazing details, we will be waiting for the coming announcements about it😁

Let’s proceed with the next question.

Q4 from Telegram User @Lestmarisv13


SubDAO aims to achieve all:

SubDAO Node with OCW to fetch simple off-chain data
Template Library with basic functionalities
SubDAO Guard
Default Voting Template
Asset Vault
Front End

Meanwhile, the implementation of Off-Chain Workers of the Substrate Framework will be built and validated. The first off-chain data to be onboarded is the Github contribution.

Let’s get $GOV and you can access PoC functions 😉


Congratulations to your team for those innovative ideas. Now, let’s talk about another interesting topic 😁

Q5 from Telegram User @Jmagsss


The Polka dream team💪


Polkadot DAO Alliance (PDA) was established on March 26th, 2021

PDA is initiated by SubDAO we have some great ones like zCloak Network, Clover, MathChain, Apron, and Stone. Up to now, there are 16 PDA members in total to inject more comprehensive capability to the development of DAO.

Our vision is to integrate DAO governance into every aspect of life, to put everything under the sun, to eliminate the oppression of power, to remove the shackles of class from everyone, to let everyone face their freedom, to let everyone express their opinions freely, to choose their own choices, and to let democracy be truly practiced!


Congratulations for being part of such an important group and it’s great that you conformed to it for noble causes 👏

Well, with your clear answer we are ready to proceed with the final question of this part of the AMA🥳


Yeah.

Q6 from Telegram User @NAZMP2


Add some more

Our long term goals are:

  1. DAO Infrastructure Development in Polkadot
  2. Explore the Realization of DAO Governance
  3. Promote the Compliance Progress of DAO Globally

For details, please check here: https://subdao.medium.com/pda-polkadot-dao-alliance-officially-initiated-by-11-projects-first-online-global-summit-on-apr-6117c670dd58

We need ambassadors to pursue our goal “One DAO Serves All”, content creator, KoL.

Details are here: https://subdao.medium.com/subdao-launches-starfish-ambassador-recruitment-program-862d0f95d8a

Feel free to apply!!
https://forms.gle/eLtg2zxgo3sUWHUF8


Thanks for the clarification

Would be an honor to be part of SubDAO. Let’s join Satoshiclubbers, great opportunity there 👀

Well, @TonyMontanaIGVN, it was a pleasure to moderate this first part of the AMA and read your interesting project, you have a great experience and that has been translated into an incredible project like SubDAO.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Ratash97

SubDAO GOV token sale will launch on the Official Website, Bounce Finance, Gate.io, and MEXC Global.
Token Sale Schedule on Different Platforms
Official Website: http://ido.subdao.network/
Schedule: Nov. 3rd, 12:00 PM — Nov. 6th, 12:00 AM (UTC)
Bounce.Finance: https://certified.bounce.finance/certified-sales
Schedule: Nov. 3rd, 12:00 PM — Nov. 4th, 12:00 PM (UTC)
Gate.io: https://www.gate.io/en/startup/249
Schedule: Nov. 4th, 8:00 AM — Nov. 5th, 8:00 AM (UTC)
MEXC Global: https://www.mexc.com/mday
Schedule: Nov. 4th, 8:00 AM — Nov. 5th, 8:00 AM (UTC)
Token Sale on SubDAO Official Website
Participants will receive $GOV at the same price, and the final price of the $GOV token will adjust based on the amount of USDT deposited.
Note: All of the $GOV Token assets will be Substrate-Based tokens.

https://subdao.medium.com/subdao-starry-sky-program-token-sale-launches-now-6f95255357de

Q2 from Telegram user @Novreysa90

Key Features And Highlights

Architecture

With state-of-art technology, SubDAO Labs can achieve the goal based on Substrate 2.0 and the Polkadot. The SubDAO project contains SubDAO node, Template Library, SubDAO Guard, Asset Vault, SubDAO Airfone, and Front End. Front End provides a Web UI for everyone to interact with the SubDAO network. Front End will provide such functionalities as creating a new DAO, defining a new DAO template, withdrawing personal assets, voting in DAO, and so on.

SubDAO Node

SubDAO Node is the customized chain node for the SubDAO network built by Substrate 2.0. It’s the fundament of the SubDAO network that contains the basic functionality as a normal chain node but also provides the ability to fetch external data needed for DAO governance with the OCW (Off-chain Worker) from Substrate 2.0 Framework

Template Library

Template Library consists of multiple contracts. The main functionalities of Template Library are managing and providing various DAO Templates for different types of organizations. Everyone has the right to define new DAO Templates according to their needs, while the SubDAO network provides some default DAO Templates such as Voting Template, Fund Template, VC (Venture Capital) Template, and so on.

SubDAO Guard

SubDAO Guard is the original DAO of the SubDAO network. It provides basic management functionalities. Every member of the SubDAO network can get involved in the SubDAO network governance through SubDAO Guard.

Asset Vault

Asset Vault is the smart contract to provide the basic features of managing assets for each DAO. Working together with DAO Template, the Asset Vault manages all kinds of assets, including the assets needed by creating a new DAO, the assets deposited by the governors of a DAO, and other assets.

SubDAO Airfone

SubDAO Airfone is the SDK for developers to connect their DApps with the DAOs created by themselves or others. It will be provided as a Javascript library at the beginning, and in other languages later. Developers can use the SubDAO Airfone to interact with the SubDAO network directly or build their DApps with the connection to DAO.

Front End

provides a Web UI for everyone to interact with the SubDAO network. All the users need to do is open the webpage deployed by the SubDAO Labs team or by users themselves to click the buttons following the manual. Front End will provide such functionalities as creating a new DAO, defining a new DAO template, withdrawing personal assets, voting in DAO, and so on. Front End will be built with NodeJS.

Q3 from Telegram user @Rakshhitx5

SubDAO Airfone is the SDK for developers to connect their DApps with the DAOs created by themselves or others. It will be provided as a Javascript library at the beginning, and in other languages later. Developers can use the SubDAO Airfone to interact with the SubDAO network directly or build their DApps with the connection to DAO.

Q4 from Telegram user @barisbektas1


You can get the $GOV here

https://twitter.com/subdao_network/status/1455512066010193921/photo/1

or join our airdrop

Q5 from Telegram user @isabella_blackk


Community is the 1st thing we focus so we launch SubDAO Launches Starfish Ambassador Recruitment Program.

Participating in SubDAO’s Starfish Ambassador Program is one of the ways to contribute efforts on SubDAO to build a worldwide decentralized network on SubDAO by contributing efforts, and to achieve the ultimate goal of “One DAO Serves All”. As long as you satisfy one of the following requirements, you can apply for “Starfish Ambassador”, but it is not limited to just the following requirements.
Content Creators: Applicants who can help promote SubDAO technology concepts, visions, community values, and practical knowledge to grow communities in a variety of ways in the future.
Community Organizers and Moderators: Applicants who can create, organize, and manage communities in different languages, and promote SubDAO-related content within the community in the future.
Key Opinion Leaders on Social Platforms: Applicants who have different social channels with a fan base and can create content about SubDAO on social platforms.
Event Organizers: Applicants who can organize activities within their community, and the form of activities includes but is not limited to AMA, project knowledge, etc.
Speakers in Different Languages: Applicants who will be able to represent SubDAO at host conferences or presentations in different forms, channels, and languages, etc.
Application and Information Review

Click on the link to submit your application: https://forms.gle/eLtg2zxgo3sUWHUF8

Q6 from Telegram user @victorogb


Gate.io will support SubDAO’s participation in the first batch of Polkadot Parachain Slot Auctions. Meanwhile, we will announce more platforms that will support our Slot Auction soon.

https://www.gate.io/en/article/23449/gate.io-startup-initial-offering-subdao-gov

Q7 from Telegram user @Ecmq10

Duration: 12:00 PM, Nov. 3rd — 12:00 PM, Nov. 4th, UTC
Pool size: 600,000 GOV = 90,000 USDT
Price: 0.15 USDT / GOV
Vesting schedule: 50% releases on TGE (Dec. 4th) and the rest 50% releases 3 months later. Trading starts on Dec. 4th
Hard cap per wallet: 300 USDT
Rules:
SubDAO certified sales will be held in two pools,
Whitelisted community members (total size: $60,000)
AUCTION holders (total size: $30,000; participants must hold at least 30 $AUCTION).
Note: All of the GOV Token assets will be Substrate-Based Token.

https://subdao.medium.com/subdao-conducts-its-initial-dex-offering-ido-on-bounce-finance-7795e4f4a030

Q8 from Telegram user @Gemshunter22


Pls join https://t.me/subdao and read https://wiki.subdao.network/

or https://dotmarketcap.com/news/dmc/subdao

Q9 from Telegram user @Tahsinahmett


GOV, short for “Governance”, is the native token of the SubDAO network. The total supply of GOV is 1 billion, with an annual inflation rate of 5%.
Functions of GOV token
Gas
GOV will function as a means of satisfying network fees natively. It will be required to execute DAO creating, voting, transactions, and other on-chain behaviors on SubDAO network.
Governance
GOV holders will each have the ability to vote on all aspects related to the management and administration of SubDAO Network, through governance, including governance action, referenda, network upgrades, council elections, and parameter adjustments, integrations, changes to incentives, and all other managerial functions.
Staking(Mining)Rewards / Network Incentive
GOV will be used as a token to incentivize users to try out our products as part of the Governance Mining program.
Payment for Service / Product
SubDAO will launch the General and Professional version of the Template Library for simple and complex DAO organizations of different types (Including decision-making mechanisms and management mechanisms). DAO Template requires paid GOV to use. SubDAO Treasury will support and reward developers to develop templates and allow them to charge the public for different GOV fees.

https://wiki.subdao.network/token-economics/token-functions

And don’t forget to buy $GOV soon

Part 3 — Quiz Results

In the final part, we tested your knowledge in terms of SubDAO. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
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/


SubDAO Telegram community: https://t.me/subdao
Twitter: https://twitter.com/subdao_network
Website: https://www.subdao.network

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